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Previous: AMERICAN VARIABLE INSURANCE SERIES, N-30D, 1996-08-01 |
Next: CAPITAL REALTY INVESTORS IV LIMITED PARTNERSHIP, 10-Q, 1996-08-01 |
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<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/96
Institutional Investment Manager:
MICHAEL JENSEN OF U S WEST INC.
9785 MAROON CIRCLE
SUITE 360
ENGLEWOOD CA 80112-0000
I represent that I am authorized to submit this form and that
all information in this form and the attachments to it are true,
correct and complete and I understand that all required items,
statements and schedules are integral parts of this form and that
the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete
as previously submitted.
I am signing this report as required by the Securities Exchange
Act of 1934
Name, Title and Telephone Number of Person Submitting Report:
SCOTT W. OLSON DEPUTY GENERAL COUNSEL 617-382-2072
Signature, Place and Date of Signing:
/s/ SCOTT W. OLSON BOSTON MA 07/26/96
<PAGE> PAGE 2
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TRITON ENERGY LTD ORD G90751101 1313 27000 SH SOLE 27000
A D C TELECOMMUNICATIONS COM 000886101 1625 36100 SH SOLE 36100
AFLAC INC COM 001055102 2087 69862 SH SOLE 69862
AES CORP COM 00130H105 460 16282 SH SOLE 16282
AK STL HLDG CORP COM 001547108 364 9300 SH SOLE 9300
AMR CORP COM 001765106 4850 53302 SH SOLE 53302
AT&T CORP COM 001957109 46446 749136 SH SOLE 749136
ABBOTT LABS COM 002824100 16229 373074 SH SOLE 373074
ACCUSTAFF INC COM 004401105 640 23500 SH SOLE 23500
ADAPTEC INC COM 00651F108 1109 23400 SH SOLE 23400
ADOBE SYS INC COM 00724F101 1259 35100 SH SOLE 35100
ADVANCED MICRO DEVICES INC COM 007903107 722 53000 SH SOLE 53000
ADVANTA CORP CL A 007942105 1219 23900 SH SOLE 23900
AETNA LIFE & CAS CO COM 008140105 3876 54205 SH SOLE 54205
AHMANSON H F & CO COM 008677106 1712 63400 SH SOLE 63400
AIR PRODS & CHEMS INC COM 009158106 4082 70825 SH SOLE 70825
AIRGAS INC COM 009363102 277 14574 SH SOLE 14574
AIRTOUCH COMMUNICATIONS INC COM 00949T100 7472 264491 SH SOLE 264491
ALBERTSONS INC COM 013104104 4809 116239 SH SOLE 116239
ALCO STD CORP COM 013788104 2685 59330 SH SOLE 59330
ALEXANDER & BALDWIN INC COM 014482103 820 34000 SH SOLE 34000
ALLEGHENY PWR SYS INC COM 017411109 1680 54400 SH SOLE 54400
ALLERGAN INC COM 018490102 2205 55856 SH SOLE 55856
ALLIEDSIGNAL INC COM 019512102 8931 156341 SH SOLE 156341
ALLMERICA PPTY & CAS COS INC COM 01975T105 864 32000 SH SOLE 32000
ALLSTATE CORP COM 020002101 8416 184458 SH SOLE 184458
ALLTEL CORP COM 020039103 3031 98566 SH SOLE 98566
ALTERA CORP COM 021441100 752 19800 SH SOLE 19800
ALUMAX INC COM 022197107 870 28650 SH SOLE 28650
ALUMINUM CO AMER COM 022249106 4820 84000 SH SOLE 84000
ALZA CORP DEL COM 022615108 1341 49000 SH SOLE 49000
AMBAC INC COM 023139108 1314 25200 SH SOLE 25200
AMERADA HESS CORP COM 023551104 2467 46000 SH SOLE 46000
AMERICA ONLINE INC DEL COM 02364J104 936 21400 SH SOLE 21400
AMDAHL CORP COM 023905102 365 33972 SH SOLE 33972
AMERICAN BRANDS INC COM 024703100 3801 83772 SH SOLE 83772
AMERICAN ELEC PWR INC COM 025537101 3227 75700 SH SOLE 75700
AMERICAN EXPRESS CO COM 025816109 11733 262918 SH SOLE 262918
AMERICAN FINL GROUP INC COM 02608W101 726 24100 SH SOLE 24100
AMERICAN GENERAL CORP COM 026351106 3151 86626 SH SOLE 86626
AMERICAN GREETINGS CORP CL A 026375105 1179 43051 SH SOLE 43051
AMERICAN HOME PRODS CORP COM 026609107 18050 300214 SH SOLE 300214
AMERICAN INTL GROUP INC COM 026874107 20985 212771 SH SOLE 212771
AMERICAN MGMT SYS INC COM 027352103 288 9845 SH SOLE 9845
AMERICAN NATL INS CO COM 028591105 546 8400 SH SOLE 8400
AMERICAN PWR CONVERSION CORP COM 029066107 476 46400 SH SOLE 46400
AMERICAN RE CORP COM 029163102 1207 26900 SH SOLE 26900
AMERICAN STORES CO NEW COM 030096101 3161 77463 SH SOLE 77463
AMERITECH CORP NEW COM 030954101 14974 252200 SH SOLE 252200
AMGEN INC COM 031162100 6361 117800 SH SOLE 117800
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMP INC COM 031897101 5605 139691 SH SOLE 139691
AMOCO CORP COM 031905102 18094 250767 SH SOLE 250767
AMPHENOL CORP CL A 032094203 606 26338 SH SOLE 26338
AMSOUTH BANCORPORATION COM 032165102 1109 30700 SH SOLE 30700
ANADARKO PETE CORP COM 032511107 2446 42178 SH SOLE 42178
ANALOG DEVICES INC COM 032654105 2014 79300 SH SOLE 79300
ANHEUSER BUSCH COS INC COM 035229103 9064 120856 SH SOLE 120856
AON CORP COM 037389103 2195 43250 SH SOLE 43250
APACHE CORP COM 037411105 1279 38899 SH SOLE 38899
APPLE COMPUTER INC COM 037833100 1233 58705 SH SOLE 58705
APRIA HEALTHCARE GROUP INC COM 037933108 659 21000 SH SOLE 21000
APPLIED MATLS INC COM 038222105 3350 109826 SH SOLE 109826
ARCHER DANIELS MIDLAND CO COM 039483102 5064 264764 SH SOLE 264764
ARMSTRONG WORLD INDS INC COM 042476101 1703 29549 SH SOLE 29549
ARROW ELECTRS INC COM 042735100 1278 29643 SH SOLE 29643
ASCEND COMMUNICATIONS INC COM 043491109 2272 40400 SH SOLE 40400
ASHLAND INC COM 044204105 1357 34241 SH SOLE 34241
ASPECT TELECOMMUNICATIONS CORP COM 045237104 515 10400 SH SOLE 10400
ATLANTIC RICHFIELD CO COM 048825103 8863 74933 SH SOLE 74933
ATLANTIC ENERGY INC N J COM 048903108 543 29760 SH SOLE 29760
ATMEL CORP COM 049513104 1115 37000 SH SOLE 37000
AUTODESK INC COM 052769106 1001 33505 SH SOLE 33505
AUTOMATIC DATA PROCESSING INC COM 053015103 6477 167691 SH SOLE 167691
AUTOZONE INC COM 053332102 2811 80900 SH SOLE 80900
AVERY DENNISON CORP COM 053611109 1835 33445 SH SOLE 33445
AVNET INC COM 053807103 872 20700 SH SOLE 20700
AVON PRODS INC COM 054303102 3576 79242 SH SOLE 79242
BMC SOFTWARE INC COM 055921100 2133 35700 SH SOLE 35700
BAKER HUGHES INC COM 057224107 2677 81435 SH SOLE 81435
BALLY ENTMT CORP COM 05873C106 586 21300 SH SOLE 21300
BALTIMORE GAS & ELEC CO COM 059165100 1535 54100 SH SOLE 54100
BANC ONE CORP COM 059438101 6900 202956 SH SOLE 202956
BANCORP HAWAII INC COM 059685107 1143 31750 SH SOLE 31750
BANK OF BOSTON CORP COM 060716107 2901 58600 SH SOLE 58600
BANK NEW YORK INC COM 064057102 5063 98784 SH SOLE 98784
BANKAMERICA CORP COM 066050105 14213 187632 SH SOLE 187632
BANKERS TRUST N Y CORP COM 066365107 2950 39930 SH SOLE 39930
BANPONCE CORP NEW COM 066704107 1125 25000 SH SOLE 25000
BARD C R INC COM 067383109 962 28200 SH SOLE 28200
BARNES & NOBLE INC COM 067774109 279 7780 SH SOLE 7780
BARNETT BKS INC COM 068055102 2760 45254 SH SOLE 45254
BAUSCH & LOMB INC COM 071707103 1420 33400 SH SOLE 33400
BAXTER INTL INC COM 071813109 7693 162821 SH SOLE 162821
BAY NETWORKS INC COM 072510100 2492 96783 SH SOLE 96783
BAYBANKS INC COM 072723109 2177 20205 SH SOLE 20205
BEAR STEARNS COS INC COM 073902108 1384 58575 SH SOLE 58575
BECTON DICKINSON & CO COM 075887109 2841 35400 SH SOLE 35400
BELL ATLANTIC CORP COM 077853109 12894 202256 SH SOLE 202256
BELLSOUTH CORP COM 079860102 19330 459654 SH SOLE 459654
BELO A H CORP DEL COM SER A 080555105 879 23600 SH SOLE 23600
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BENEFICIAL CORP COM 081721102 2924 52093 SH SOLE 52093
BETHLEHEM STL CORP COM 087509105 640 53900 SH SOLE 53900
BETZ LABS INC COM 087779104 575 13100 SH SOLE 13100
BIOGEN INC COM 090597105 1235 22500 SH SOLE 22500
BIOMET INC COM 090613100 1225 85200 SH SOLE 85200
BLACK & DECKER CORP COM 091797100 1723 44600 SH SOLE 44600
BLOCK H & R INC COM 093671105 1906 58233 SH SOLE 58233
BLYTH INDS INC COM 09643P108 336 7400 SH SOLE 7400
BOATMENS BANCSHARES INC COM 096650106 3145 78389 SH SOLE 78389
BOEING CO COM 097023105 13525 155236 SH SOLE 155236
BOISE CASCADE OFFICE PRODS COM 097403109 298 8600 SH SOLE 8600
BORDERS GROUP INC COM 099709107 445 13800 SH SOLE 13800
BOSTON CHICKEN INC COM 100578103 1017 31300 SH SOLE 31300
BOSTON EDISON CO COM 100599109 1170 45900 SH SOLE 45900
BOSTON SCIENTIFIC CORP COM 101137107 2097 46600 SH SOLE 46600
BRINKER INTL INC COM 109641100 783 52175 SH SOLE 52175
BRISTOL MYERS SQUIBB CO COM 110122108 24107 267853 SH SOLE 267853
BROWN FORMAN CORP CL B 115637209 1276 31900 SH SOLE 31900
BROWNING FERRIS INDS COM 115885105 3271 112794 SH SOLE 112794
BRUNSWICK CORP COM 117043109 1344 67200 SH SOLE 67200
BURLINGTON NORTHN SANTA FE CP COM 12189T104 7047 87140 SH SOLE 87140
BURLINGTON RES INC COM 122014103 3674 85434 SH SOLE 85434
C-CUBE MICROSYSTEMS INC COM 125015107 512 15500 SH SOLE 15500
CIGNA CORP COM 125509109 3300 28000 SH SOLE 28000
CMS ENERGY CORP COM 125896100 2194 71076 SH SOLE 71076
CPC INTL INC COM 126149103 5825 80901 SH SOLE 80901
CSX CORP COM 126408103 5280 109434 SH SOLE 109434
CUC INTL INC COM 126545102 3517 99076 SH SOLE 99076
CABLETRON SYS INC COM 126920107 2165 31550 SH SOLE 31550
CABOT CORP COM 127055101 1351 55140 SH SOLE 55140
CADENCE DESIGN SYSTEM INC COM 127387108 1402 41550 SH SOLE 41550
CALIBER SYS INC COM 129894101 377 11100 SH SOLE 11100
CALLAWAY GOLF CO COM 131193104 1706 51300 SH SOLE 51300
CAMBRIDGE TECH PARTNERS MASS COM 132524109 235 7700 SH SOLE 7700
CAMPBELL SOUP CO COM 134429109 3969 56300 SH SOLE 56300
CAPITAL ONE FINL CORP COM 14040H105 519 18224 SH SOLE 18224
CARDINAL HEALTH INC COM 14149Y108 2405 33339 SH SOLE 33339
CAREMARK INTL INC COM 141704106 1346 53300 SH SOLE 53300
CAROLINA PWR & LT CO COM 144141108 3622 95320 SH SOLE 95320
CASCADE COMMUNICATIONS CORP COM 147184105 2829 41600 SH SOLE 41600
CATERPILLAR INC DEL COM 149123101 6621 97729 SH SOLE 97729
CENTERIOR ENERGY CORP COM 151883105 1346 179800 SH SOLE 179800
CENTRAL & SOUTH WEST CORP COM 152357109 2461 85181 SH SOLE 85181
CENTURY TEL ENTERPRISES INC COM 156686107 1004 31500 SH SOLE 31500
CERIDIAN CORP COM 15677T106 313 6200 SH SOLE 6200
CHAMPION INTL CORP COM 158525105 1947 46624 SH SOLE 46624
CHARTER ONE FINL INC COM 160903100 907 26000 SH SOLE 26000
CHASE MANHATTAN CORP NEW COM 16161A108 13445 190374 SH SOLE 190374
CHECKPOINT SYS INC COM 162825103 519 15100 SH SOLE 15100
CHESAPEAKE ENERGY CORP COM 165167107 773 8600 SH SOLE 8600
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CHEVRON CORPORATION COM 166751107 15943 270222 SH SOLE 270222
CHIRON CORP COM 170040109 1057 10785 SH SOLE 10785
CHRYSLER CORP COM 171196108 8833 141491 SH SOLE 141491
CHUBB CORP COM 171232101 4198 84164 SH SOLE 84164
CINCINNATI BELL INC COM 171870108 2119 40657 SH SOLE 40657
CINCINNATI FINL CORP COM 172062101 1721 29995 SH SOLE 29995
CINERGY CORP COM 172474108 2192 68500 SH SOLE 68500
CIRCUIT CITY STORE INC COM 172737108 2486 68809 SH SOLE 68809
CISCO SYS INC COM 17275R102 16469 290852 SH SOLE 290852
CIRRUS LOGIC CORP COM 172755100 588 33600 SH SOLE 33600
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 2538 61908 SH SOLE 61908
CITICORP COM 173034109 16635 201063 SH SOLE 201063
CLOROX CO DEL COM 189054109 1852 20900 SH SOLE 20900
COASTAL CORP COM 190441105 1307 31300 SH SOLE 31300
COCA COLA CO COM 191216100 52793 1077820 SH SOLE 1077820
COCA COLA ENTERPRISES INC COM 191219104 1749 50500 SH SOLE 50500
COLGATE PALMOLIVE CO COM 194162103 6974 82287 SH SOLE 82287
COLUMBIA GAS SYS INC COM 197648108 946 18222 SH SOLE 18222
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 12230 228203 SH SOLE 228203
COMAIR HOLDINGS INC COM 199789108 424 15700 SH SOLE 15700
COMCAST CORP CL A 200300101 1505 81900 SH SOLE 81900
COMCAST CORP CL A SPL 200300200 1407 76028 SH SOLE 76028
COMERICA INC COM 200340107 2914 65300 SH SOLE 65300
COMPAQ COMPUTER CORP COM 204493100 6609 134494 SH SOLE 134494
COMPUTER ASSOC INTL INC COM 204912109 7327 103149 SH SOLE 103149
COMPUSA INC COM 204932107 788 23100 SH SOLE 23100
COMPUTER SCIENCES CORP COM 205363104 2650 35400 SH SOLE 35400
COMPUWARE CORP COM 205638109 865 21900 SH SOLE 21900
CONAGRA INC COM 205887102 5481 120785 SH SOLE 120785
CONCORD EFS INC COM 206197105 316 8900 SH SOLE 8900
CONRAIL INC COM 208368100 2728 41100 SH SOLE 41100
CONSECO INC COM 208464107 1248 31200 SH SOLE 31200
CONSOLIDATED EDISON CO N Y INC COM 209111103 2928 100100 SH SOLE 100100
CONSOLIDATED NAT GAS CO COM 209615103 2018 38628 SH SOLE 38628
CONTINENTAL AIRLS INC CL B 210795308 488 7900 SH SOLE 7900
CONTINUUM INC COM PAR $1 212180103 412 7100 SH SOLE 7100
COOPER INDS INC COM 216669101 2753 66329 SH SOLE 66329
COOPER TIRE & RUBR CO COM 216831107 1246 56000 SH SOLE 56000
CORESTATES FINL CORP COM 218695104 5082 132012 SH SOLE 132012
CORNING INC COM 219350105 4125 107493 SH SOLE 107493
CORRECTIONS CORP AMER COM 220256101 763 10900 SH SOLE 10900
COUNTRYWIDE CR INDS INC DEL COM 222372104 2050 82834 SH SOLE 82834
COX COMMUNICATIONS INC NEW CL A 224044107 665 30770 SH SOLE 30770
CRACKER BARREL OLD CTRY STR COM 224100107 992 40900 SH SOLE 40900
CRESTAR FINL CORP COM 226091106 1421 26628 SH SOLE 26628
CROWN CORK & SEAL INC COM 228255105 1618 35955 SH SOLE 35955
CROWN VANTAGE INC COM 228622106 171 11765 SH SOLE 11765
CUMMINS ENGINE INC COM 231021106 698 17300 SH SOLE 17300
CYPRUS AMAX MINERALS CO COM 232809103 1232 53950 SH SOLE 53950
CYTEC INDS INC COM 232820100 650 7600 SH SOLE 7600
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DQE INC COM 23329J104 1273 46300 SH SOLE 46300
DPL INC COM 233293109 1202 49300 SH SOLE 49300
DSC COMMUNICATIONS CORP COM 233311109 1801 59800 SH SOLE 59800
DTE ENERGY CO COM 233331107 2047 66300 SH SOLE 66300
DANA CORP COM 235811106 1810 58400 SH SOLE 58400
DARDEN RESTAURANTS INC COM 237194105 892 82978 SH SOLE 82978
DAYTON HUDSON CORP COM 239753106 3796 36809 SH SOLE 36809
DEAN WITTER DISCOVER & CO COM 24240V101 5018 87815 SH SOLE 87815
DEBARTOLO RLTY CORP COM 242733103 179 11120 SH SOLE 11120
DEERE & CO COM 244199105 6415 160376 SH SOLE 160376
DELL COMPUTER CORP COM 247025109 2007 39454 SH SOLE 39454
DELTA AIR LINES INC DEL COM 247361108 2345 28251 SH SOLE 28251
DELUXE CORP COM 248019101 1235 34800 SH SOLE 34800
DENTSPLY INTL INC NEW COM 249030107 543 12788 SH SOLE 12788
DIAL CORP DEL COM 252470109 1328 46400 SH SOLE 46400
DIEBOLD INC COM 253651103 1666 34525 SH SOLE 34525
DIGITAL EQUIP CORP COM 253849103 3356 74409 SH SOLE 74409
DILLARD DEPT STORES INC CL A 254063100 1949 53407 SH SOLE 53407
DIME BANCORP INC NEW COM 25429Q102 260 19610 SH SOLE 19610
DISNEY WALT CO COM 254687106 16337 259841 SH SOLE 259841
DOLE FOOD INC COM 256605106 1370 31867 SH SOLE 31867
DOMINION RES INC VA COM 257470104 3015 75385 SH SOLE 75385
DONNELLEY R R & SONS CO COM 257867101 3479 99760 SH SOLE 99760
DOVER CORP COM 260003108 3964 86153 SH SOLE 86153
DOW CHEM CO COM 260543103 8086 106400 SH SOLE 106400
DOW JONES & CO INC COM 260561105 831 19900 SH SOLE 19900
DRESSER INDS INC COM 261597108 3053 103489 SH SOLE 103489
DU PONT E I DE NEMOURS & CO COM 263534109 20211 255437 SH SOLE 255437
DUKE POWER CO COM 264399106 4602 89800 SH SOLE 89800
DUN & BRADSTREET CORP COM 264830100 5952 95229 SH SOLE 95229
DURACELL INTL INC COM 26633L103 2597 60229 SH SOLE 60229
EG & G INC COM 268457108 1531 71606 SH SOLE 71606
E M C CORP MASS COM 268648102 1576 85100 SH SOLE 85100
ENSCO INTL INC COM 26874Q100 1258 38700 SH SOLE 38700
EASTMAN CHEM CO COM 277432100 3182 52264 SH SOLE 52264
EASTMAN KODAK CO COM 277461109 12492 160665 SH SOLE 160665
EATON CORP COM 278058102 2750 46900 SH SOLE 46900
ECHLIN INC COM 278749106 1417 37400 SH SOLE 37400
ECKERD JACK CORP DEL COM 278763107 648 28624 SH SOLE 28624
ECOLAB INC COM 278865100 1328 40242 SH SOLE 40242
EDISON INTL COM 281020107 3208 182000 SH SOLE 182000
EDWARDS AG INC COM 281760108 1317 48545 SH SOLE 48545
EL PASO NAT GAS CO COM NEW 283695872 712 18500 SH SOLE 18500
ELECTRONIC ARTS INC COM 285512109 901 33700 SH SOLE 33700
ELECTRONIC DATA SYS NEW COM 285661104 6505 121024 SH SOLE 121024
ELECTRONICS FOR IMAGING INC COM 286082102 950 13700 SH SOLE 13700
EMERSON ELEC CO COM 291011104 10723 118645 SH SOLE 118645
ENGELHARD CORP COM 292845104 1650 71750 SH SOLE 71750
ENOVA CORP COM 293552105 999 43600 SH SOLE 43600
ENRON CORP COM 293561106 4742 116000 SH SOLE 116000
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ENSERCH CORP COM 293567103 825 37932 SH SOLE 37932
ENTERGY CORP NEW COM 29364G103 3308 116570 SH SOLE 116570
EQUIFAX INC COM 294429105 4210 160390 SH SOLE 160390
EQUITABLE COS INC COM 29444G107 1223 49156 SH SOLE 49156
EQUITABLE RES INC COM 294549100 569 20150 SH SOLE 20150
EXXON CORP COM 302290101 51332 590873 SH SOLE 590873
FHP INTL CORP COM 302426101 478 17466 SH SOLE 17466
F M C CORP COM NEW 302491303 1187 18187 SH SOLE 18187
FPL GROUP INC COM 302571104 4668 101488 SH SOLE 101488
FEDERAL EXPRESS CORP COM 313309106 2042 24900 SH SOLE 24900
FEDERAL HOME LN MTG CORP COM 313400301 7447 87100 SH SOLE 87100
FEDERAL NATL MTG ASSN COM 313586109 18360 548066 SH SOLE 548066
FEDERATED DEPT STORES INC DEL COM 31410H101 4785 140223 SH SOLE 140223
FIFTH THIRD BANCORP COM 316773100 1836 34000 SH SOLE 34000
FIRST AMER BK CORP COM 318906104 1875 41900 SH SOLE 41900
FIRST BK SYS INC COM 319279105 3629 62572 SH SOLE 62572
FIRST CHICAGO NBD CORP COM 31945A100 7187 183692 SH SOLE 183692
FIRST DATA CORP COM 319963104 9731 122040 SH SOLE 122040
FIRST SEC CORP DEL COM 336294103 834 34750 SH SOLE 34750
FIRST UN CORP COM 337358105 8374 137564 SH SOLE 137564
FIRST USA INC COM 33743H105 1788 32500 SH SOLE 32500
FIRSTAR CORP COM 33761C103 1508 32700 SH SOLE 32700
FLEET FINL GROUP INC NEW COM 338915101 5543 127433 SH SOLE 127433
FLIGHTSAFETY INTL INC COM 339423105 1115 20554 SH SOLE 20554
FLORIDA PROGRESS CORP COM 341109106 1798 51755 SH SOLE 51755
FLUOR CORP COM 343861100 2716 41540 SH SOLE 41540
FOOD LION INC CL B 344775101 1328 171300 SH SOLE 171300
FORD MTR CO DEL COM 345370100 15288 472217 SH SOLE 472217
FOREST LABS INC CL A 345838106 1085 28100 SH SOLE 28100
FOSTER WHEELER CORP COM 350244109 667 14900 SH SOLE 14900
FOUNDATION HEALTH CORP COM 350401105 574 16000 SH SOLE 16000
FRANKLIN RES INC COM 354613101 1952 32000 SH SOLE 32000
FREEPORT-MCMORAN COPPER & GOLD CL A 35671D105 2374 79452 SH SOLE 79452
FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 391 12277 SH SOLE 12277
FREEPORT MCMORAN INC COM PAR $0.01 356714402 267 7534 SH SOLE 7534
FRONTIER CORPORATION COM 35906P105 3046 99461 SH SOLE 99461
FRUIT OF THE LOOM INC CL A 359416104 1089 42700 SH SOLE 42700
GTE CORP COM 362320103 22404 500642 SH SOLE 500642
GANNETT INC COM 364730101 6650 93991 SH SOLE 93991
GAP INC DEL COM 364760108 3319 103300 SH SOLE 103300
GAYLORD ENTMT CO CL A 367901105 1181 41972 SH SOLE 41972
GENERAL DYNAMICS CORP COM 369550108 1516 24456 SH SOLE 24456
GENERAL ELEC CO COM 369604103 59787 689500 SH SOLE 689500
GENERAL INSTR CORP NEW COM 370121105 1987 68800 SH SOLE 68800
GENERAL MLS INC COM 370334104 4233 77508 SH SOLE 77508
GENERAL MTRS CORP COM 370442105 18645 356000 SH SOLE 356000
GENERAL MTRS CORP CL H 370442501 3475 57798 SH SOLE 57798
GENERAL NUTRITION COS INC COM 37047F103 719 41100 SH SOLE 41100
GENERAL PUB UTILS CP COM 370550105 1699 48200 SH SOLE 48200
GENERAL RE CORP COM 370563108 6745 44299 SH SOLE 44299
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GENERAL SIGNAL CORP COM 370838104 1625 42916 SH SOLE 42916
GENUINE PARTS CO COM 372460105 2663 58200 SH SOLE 58200
GENZYME CORP COM GENL DIV 372917104 1216 24200 SH SOLE 24200
GEORGIA GULF CORP COM PAR $0.01 373200203 804 27500 SH SOLE 27500
GEORGIA PAC CORP COM 373298108 3158 44473 SH SOLE 44473
GIANT FOOD INC CL A 374478105 1489 41500 SH SOLE 41500
GILLETTE CO COM 375766102 11749 188365 SH SOLE 188365
GLENAYRE TECHNOLOGIES INC COM 377899109 1996 39912 SH SOLE 39912
GOLDEN WEST FINL CORP DEL COM 381317106 1518 27100 SH SOLE 27100
GOODRICH B F CO COM 382388106 1401 37480 SH SOLE 37480
GOODYEAR TIRE & RUBR CO COM 382550101 4293 89392 SH SOLE 89392
GRACE W R & CO COM 383883105 3739 52751 SH SOLE 52751
GRAINGER W W INC COM 384802104 1519 19600 SH SOLE 19600
GRAND CASINOS INC COM 385269105 376 14600 SH SOLE 14600
GREAT LAKES CHEM CORP COM 390568103 2042 32800 SH SOLE 32800
GREAT WESTN FINL CORP COM 391442100 1817 76100 SH SOLE 76100
GREEN TREE FINL CORP COM 393505102 2987 95600 SH SOLE 95600
GUIDANT CORP COM 401698105 2203 44731 SH SOLE 44731
HBO & CO COM 404100109 3509 51800 SH SOLE 51800
HFS INC COM 404181109 4522 64600 SH SOLE 64600
HALLIBURTON CO COM 406216101 2825 50900 SH SOLE 50900
HARCOURT GEN INC COM 41163G101 1500 29995 SH SOLE 29995
HARLEY DAVIDSON INC COM 412822108 1814 44100 SH SOLE 44100
HARRAHS ENTMT INC COM 413619107 1757 62193 SH SOLE 62193
HARRIS CORP DEL COM 413875105 1891 31000 SH SOLE 31000
HARSCO CORP COM 415864107 1231 18300 SH SOLE 18300
HASBRO INC COM 418056107 1421 39758 SH SOLE 39758
HEALTHSOUTH CORP COM 421924101 1912 53100 SH SOLE 53100
HEALTH MGMT ASSOC INC NEW CL A 421933102 1389 68250 SH SOLE 68250
HEINZ H J CO COM 423074103 4273 139200 SH SOLE 139200
HERCULES INC COM 427056106 3332 60191 SH SOLE 60191
HERSHEY FOODS CORP COM 427866108 1732 23600 SH SOLE 23600
HEWLETT PACKARD CO COM 428236103 21837 219191 SH SOLE 219191
HILTON HOTELS CORP COM 432848109 2061 18300 SH SOLE 18300
HOME DEPOT INC COM 437076102 13241 245211 SH SOLE 245211
HOME SHOPPING NETWORK INC COM 437351109 305 25400 SH SOLE 25400
HOMESTAKE MNG CO COM 437614100 987 57640 SH SOLE 57640
HONEYWELL INC COM 438506107 3842 70500 SH SOLE 70500
HOST MARRIOTT SVCS CORP COM 440914109 142 19633 SH SOLE 19633
HOST MARRIOTT CORP COM 441078102 983 75467 SH SOLE 75467
HOUSEHOLD INTL INC COM 441815107 3829 50380 SH SOLE 50380
HOUSTON INDS INC COM 442161105 2647 107474 SH SOLE 107474
HUBBELL INC CL B 443510201 2967 44787 SH SOLE 44787
HUMANA INC COM 444859102 1645 92000 SH SOLE 92000
HUNTINGTON BANCSHARES INC COM 446150104 2013 84299 SH SOLE 84299
IBP INC COM 449223106 1403 50800 SH SOLE 50800
IMC GLOBAL INC COM 449669100 1052 27956 SH SOLE 27956
ITT HARTFORD GROUP INC COM 45068H106 3229 60638 SH SOLE 60638
ITT INDS INC IND COM 450911102 1392 55403 SH SOLE 55403
ITT CORP NEW COM 450912100 4068 61403 SH SOLE 61403
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
IDEXX LABS CORP COM 45168D104 581 14800 SH SOLE 14800
ILLINOIS CENT CORP COM SER A 451841100 1354 47707 SH SOLE 47707
ILLINOIS TOOL WKS INC COM 452308109 3260 48200 SH SOLE 48200
ILLINOVA CORP COM 452317100 2046 71159 SH SOLE 71159
INFINITY BROADCASTING CORP CL A 456626100 2111 70350 SH SOLE 70350
INFORMIX CORP COM 456779107 1640 72886 SH SOLE 72886
INGERSOLL RAND CO COM 456866102 2820 64447 SH SOLE 64447
INLAND STL INDS INC COM 457472108 520 26500 SH SOLE 26500
INPUT/OUTPUT INC COM 457652105 272 8400 SH SOLE 8400
INTEL CORP COM 458140100 27361 372570 SH SOLE 372570
INTERNATIONAL BUSINESS MACHS COM 459200101 28843 291345 SH SOLE 291345
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 2398 50350 SH SOLE 50350
INTERNATIONAL GAME TECHNOLOGY COM 459902102 1320 78200 SH SOLE 78200
INTL PAPER CO COM 460146103 4427 120055 SH SOLE 120055
INTERNATIONAL RECTIFIER CORP COM 460254105 329 20412 SH SOLE 20412
INTERNEURON PHARMACEUTICALS COM 460573108 525 17500 SH SOLE 17500
INTERPUBLIC GROUP COS INC COM 460690100 3575 76258 SH SOLE 76258
INTERSTATE BAKERIES CORP DEL COM 46072H108 241 9000 SH SOLE 9000
INTUIT COM 461202103 954 20200 SH SOLE 20200
IOMEGA CORP COM 462030107 1407 48500 SH SOLE 48500
IPALCO ENTERPRISES INC COM 462613100 1406 53550 SH SOLE 53550
IVAX CORP COM 465823102 791 50162 SH SOLE 50162
JLG INDS INC COM 466210101 601 8100 SH SOLE 8100
JAMES RIV CORP VA COM 470349101 1101 41750 SH SOLE 41750
JEFFERSON PILOT CORP COM 475070108 2131 41287 SH SOLE 41287
JOHNSON & JOHNSON COM 478160104 29056 587000 SH SOLE 587000
JOHNSON CTLS INC COM 478366107 1744 25100 SH SOLE 25100
K MART CORP COM 482584109 2568 207500 SH SOLE 207500
KANSAS CITY PWR & LT CO COM 485134100 1620 58900 SH SOLE 58900
KANSAS CITY SOUTHN INDS INC COM 485170104 1245 29044 SH SOLE 29044
KELLOGG CO COM 487836108 3888 53073 SH SOLE 53073
KELLY SVCS INC CL A 488152208 829 28350 SH SOLE 28350
KERR MCGEE CORP COM 492386107 1918 31500 SH SOLE 31500
KEYCORP NEW COM 493267108 4422 114115 SH SOLE 114115
KIMBERLY CLARK CORP COM 494368103 10857 140540 SH SOLE 140540
KING WORLD PRODTNS INC COM 495667107 504 13852 SH SOLE 13852
KNIGHT RIDDER INC COM 499040103 1898 26175 SH SOLE 26175
KOHLS CORP COM 500255104 1802 49200 SH SOLE 49200
KROGER CO COM 501044101 2422 61314 SH SOLE 61314
LCI INTL INC COM 501813109 1861 59300 SH SOLE 59300
LSI LOGIC CORP COM 502161102 1908 73400 SH SOLE 73400
LAFARGE CORP COM 505862102 209 10300 SH SOLE 10300
LEGGETT & PLATT INC COM 524660107 1451 52300 SH SOLE 52300
LEHMAN BROS HLDGS INC COM 524908100 1354 54720 SH SOLE 54720
LILLY ELI & CO COM 532457108 13975 215003 SH SOLE 215003
LIMITED INC COM 532716107 1697 78937 SH SOLE 78937
LINCARE HLDGS INC COM 532791100 491 12500 SH SOLE 12500
LINCOLN NATL CORP IND COM 534187109 3217 69554 SH SOLE 69554
LINEAR TECHNOLOGY CORP COM 535678106 1536 51200 SH SOLE 51200
LITTON INDS INC COM 538021106 1159 26638 SH SOLE 26638
<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LIZ CLAIBORNE INC COM 539320101 1614 46620 SH SOLE 46620
LOCKHEED MARTIN CORP COM 539830109 8646 102927 SH SOLE 102927
LOCTITE CORP DEL COM 540137106 772 16600 SH SOLE 16600
LOEWS CORP COM 540424108 4888 61968 SH SOLE 61968
LONG ISLAND LTG CO COM 542671102 1251 74200 SH SOLE 74200
LOUISIANA LD & EXPL CO COM 546268103 1247 21634 SH SOLE 21634
LOUISIANA PAC CORP COM 546347105 1230 55600 SH SOLE 55600
LOWES COS INC COM 548661107 2478 68600 SH SOLE 68600
LUBRIZOL CORP COM 549271104 1458 47993 SH SOLE 47993
LYONDELL PETROCHEMICAL CO COM 552078107 458 19000 SH SOLE 19000
MBIA INC COM 55262C100 1838 23600 SH SOLE 23600
MBNA CORP COM 55262L100 2939 103125 SH SOLE 103125
MCI COMMUNICATIONS CORP COM 552673105 9463 369303 SH SOLE 369303
MFS COMMUNICATIONS INC COM 55272T101 211 5600 SH SOLE 5600
MGIC INVT CORP WIS COM 552848103 2095 37327 SH SOLE 37327
MACROMEDIA INC COM 556100105 298 13600 SH SOLE 13600
MALLINCKRODT GROUP INC COM 561226101 1446 37200 SH SOLE 37200
MANPOWER INC COM 56418H100 1488 37900 SH SOLE 37900
MAPCO INC COM 565097102 1020 18100 SH SOLE 18100
MARSH & MCLENNAN COS INC COM 571748102 4558 47236 SH SOLE 47236
MARSHALL & ILSLEY CORP COM 571834100 1865 67200 SH SOLE 67200
MARRIOTT INTL INC COM 571900109 3731 69408 SH SOLE 69408
MARTIN MARIETTA MATLS INC COM 573284106 321 13221 SH SOLE 13221
MASCO CORP COM 574599106 2634 87073 SH SOLE 87073
MATTEL INC COM 577081102 4208 146988 SH SOLE 146988
MAY DEPT STORES CO COM 577778103 5361 122546 SH SOLE 122546
MAYTAG CORP COM 578592107 1240 58800 SH SOLE 58800
MCAFEE ASSOCS INC COM 579057100 719 14675 SH SOLE 14675
MCCORMICK & CO INC COM NON VTG 579780206 1188 53700 SH SOLE 53700
MCDONALDS CORP COM 580135101 17088 365517 SH SOLE 365517
MCDONNELL DOUGLAS CORP COM 580169100 5031 103270 SH SOLE 103270
MCGRAW HILL COS INC COM 580645109 1926 42100 SH SOLE 42100
MCKESSON CORP NEW COM 581557105 352 7400 SH SOLE 7400
MEAD CORP COM 582834107 2551 49172 SH SOLE 49172
MEDTRONIC INC COM 585055106 6132 109500 SH SOLE 109500
MELLON BK CORP COM 585509102 4706 82557 SH SOLE 82557
MELVILLE CORP COM 585745102 2055 50729 SH SOLE 50729
MERCANTILE BANCORPORATION INC COM 587342106 265 5950 SH SOLE 5950
MERCANTILE BANKSHARES CORP COM 587405101 1295 50800 SH SOLE 50800
MERCANTILE STORES INC COM 587533100 1079 18400 SH SOLE 18400
MERCK & CO INC COM 589331107 35628 551304 SH SOLE 551304
MERCURY FIN CO COM 589395102 826 64750 SH SOLE 64750
MEREDITH CORP COM 589433101 409 9800 SH SOLE 9800
MERRILL LYNCH & CO INC COM 590188108 5444 83600 SH SOLE 83600
MICROSOFT CORP COM 594918104 18268 152072 SH SOLE 152072
MICRON TECHNOLOGY INC COM 595112103 2261 87372 SH SOLE 87372
MID ATLANTIC MED SVCS INC COM 59523C107 225 15800 SH SOLE 15800
MIDAMERICAN ENERGY CO COM 595620105 759 44000 SH SOLE 44000
MILLIPORE CORP COM 601073109 1495 35700 SH SOLE 35700
MINNESOTA MNG & MFG CO COM 604059105 13277 192419 SH SOLE 192419
<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MINNESOTA PWR & LT CO COM 604110106 512 17810 SH SOLE 17810
MIRAGE RESORTS INC COM 60462E104 2628 49050 SH SOLE 49050
MOBIL CORP COM 607059102 19717 175519 SH SOLE 175519
MOLEX INC COM 608554101 1907 60062 SH SOLE 60062
MONEY STORE INC COM 60934T101 412 18600 SH SOLE 18600
MONSANTO CO COM 611662107 8157 250990 SH SOLE 250990
MONTANA POWER CO COM 612085100 547 24600 SH SOLE 24600
MORGAN J P & CO INC COM 616880100 7855 92825 SH SOLE 92825
MORGAN STANLEY GROUP INC COM 617446109 2446 49800 SH SOLE 49800
MORTON INTL INC COM 619331101 3704 99429 SH SOLE 99429
MOTOROLA INC COM 620076109 17483 278540 SH SOLE 278540
MURPHY OIL CORP COM 626717102 1089 24000 SH SOLE 24000
MYLAN LABS INC COM 628530107 1282 73850 SH SOLE 73850
NGC CORP COM 629121104 206 13700 SH SOLE 13700
NIPSCO INDS INC COM 629140104 1976 49085 SH SOLE 49085
NABORS INDS INC COM 629568106 616 37900 SH SOLE 37900
NALCO CHEM CO COM 629853102 1200 38100 SH SOLE 38100
NATIONAL CITY CORP COM 635405103 4011 114200 SH SOLE 114200
NATIONAL SEMICONDUCTOR CORP COM 637640103 1028 66300 SH SOLE 66300
NATIONAL SVC INDS INC COM 637657107 1387 35450 SH SOLE 35450
NATIONSBANK CORP COM 638585109 11848 143400 SH SOLE 143400
NEIMAN MARCUS GROUP INC COM 640204103 238 8800 SH SOLE 8800
NELLCOR PURITAN BENNET INC COM 640275103 626 12900 SH SOLE 12900
NETSCAPE COMMUNICATIONS CORP COM 641149109 1220 19600 SH SOLE 19600
NETWORK GEN CORP COM 641210109 241 11200 SH SOLE 11200
NEW ENGLAND ELEC SYS COM 644001109 1157 31800 SH SOLE 31800
NEW WORLD COMMUNICATIONS GROUP CL A 64927A103 624 42700 SH SOLE 42700
NEW YORK ST ELEC & GAS CORP COM 649840105 1116 45600 SH SOLE 45600
NEW YORK TIMES CO CL A 650111107 1569 48100 SH SOLE 48100
NEWELL CO COM 651192106 2506 81830 SH SOLE 81830
NEWMONT MINING CORP COM 651639106 2340 47399 SH SOLE 47399
NEXTEL COMMUNICATIONS INC CL A 65332V103 1308 68600 SH SOLE 68600
NIAGARA MOHAWK PWR CORP COM 653522102 839 108300 SH SOLE 108300
NICOR INC COM 654086107 729 25700 SH SOLE 25700
NIKE INC CL B 654106103 3122 30386 SH SOLE 30386
NINE WEST GROUP INC COM 65440D102 706 13810 SH SOLE 13810
NOBLE AFFILIATES INC COM 654894104 672 17800 SH SOLE 17800
NOBLE DRILLING CORP COM 655042109 454 32734 SH SOLE 32734
NORAM ENERGY CORP COM 655419109 778 71500 SH SOLE 71500
NORDSTROM INC COM 655664100 1154 25939 SH SOLE 25939
NORFOLK SOUTHERN CORP COM 655844108 4644 54800 SH SOLE 54800
NORTHEAST UTILS COM 664397106 815 60900 SH SOLE 60900
NORTHN STS PWR CO MINN COM 665772109 1540 31200 SH SOLE 31200
NORTHERN TR CORP COM 665859104 1923 33300 SH SOLE 33300
NORTHROP GRUMMAN CORP COM 666807102 1308 19200 SH SOLE 19200
NORTHWEST AIRLS CORP CL A 667280101 1098 27800 SH SOLE 27800
NORWEST CORP COM 669380107 5961 170913 SH SOLE 170913
NOVELL INC COM 670006105 2352 169513 SH SOLE 169513
NUCOR CORP COM 670346105 2189 43236 SH SOLE 43236
NYNEX CORP COM 670768100 10184 214405 SH SOLE 214405
<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OAKWOOD HOMES CORP COM 674098108 235 11400 SH SOLE 11400
OCCIDENTAL PETE CORP DEL COM 674599105 4413 178287 SH SOLE 178287
OFFICE DEPOT INC COM 676220106 1627 80300 SH SOLE 80300
OHIO CAS CORP COM 677240103 625 18000 SH SOLE 18000
OHIO EDISON CO COM 677347106 1905 87100 SH SOLE 87100
OKLAHOMA GAS & ELEC CO COM 678858101 1296 32700 SH SOLE 32700
OLD REP INTL CORP COM 680223104 864 40200 SH SOLE 40200
OLIN CORP COM PAR $1 680665205 1488 16667 SH SOLE 16667
OMNICARE INC COM 681904108 400 15100 SH SOLE 15100
ORACLE CORP COM 68389X105 10263 260225 SH SOLE 260225
ORNDA HEALTHCORP COM 686857103 511 21300 SH SOLE 21300
ORYX ENERGY COMPANY COM 68763F100 1043 64200 SH SOLE 64200
OWENS CORNING COM 69073F103 1303 30300 SH SOLE 30300
OWENS ILL INC COM NEW 690768403 1381 86326 SH SOLE 86326
OXFORD HEALTH PLANS INC COM 691471106 1925 46800 SH SOLE 46800
PECO ENERGY CO COM 693304107 2847 109500 SH SOLE 109500
PNC BK CORP COM 693475105 5349 179806 SH SOLE 179806
P P & L RES INC COM 693499105 1585 67100 SH SOLE 67100
PPG INDS INC COM 693506107 4524 92790 SH SOLE 92790
PACCAR INC COM 693718108 927 18925 SH SOLE 18925
PACIFIC ENTERPRISES COM 694232109 1058 35700 SH SOLE 35700
PACIFIC GAS & ELEC CO COM 694308107 4109 176744 SH SOLE 176744
PACIFIC TELESIS GROUP COM 694890104 7033 208390 SH SOLE 208390
PACIFICARE HEALTH SYS INC CL A 695110106 297 4500 SH SOLE 4500
PACIFICARE HEALTH SYS INC CL B 695110205 745 11000 SH SOLE 11000
PACIFICORP COM 695114108 3208 144192 SH SOLE 144192
PAGING NETWORK INC COM 695542100 1632 68000 SH SOLE 68000
PAINE WEBBER GROUP INC COM 695629105 1364 57450 SH SOLE 57450
PALL CORP COM 696429307 1694 70210 SH SOLE 70210
PANENERGY CORP COM 697926103 2709 82400 SH SOLE 82400
PARAMETRIC TECHNOLOGY CORP COM 699173100 3531 81400 SH SOLE 81400
PARKER HANNIFIN CORP COM 701094104 1951 46050 SH SOLE 46050
PAYLESS SHOESOURCE INC COM 704379106 672 21155 SH SOLE 21155
PENNEY J C INC COM 708160106 4829 91978 SH SOLE 91978
PENNZOIL CO COM 709903108 1161 25100 SH SOLE 25100
PEOPLES ENERGY CORP COM 711030106 901 26900 SH SOLE 26900
PEP BOYS MANNY MOE & JACK COM 713278109 1346 39600 SH SOLE 39600
PEPSICO INC COM 713448108 27526 775738 SH SOLE 775738
PERKIN ELMER CORP COM 714041100 2090 43311 SH SOLE 43311
PHARMACIA & UPJOHN INC COM 716941109 7044 158736 SH SOLE 158736
PFIZER INC COM 717081103 21111 295780 SH SOLE 295780
PHELPS DODGE CORP COM 717265102 2186 35100 SH SOLE 35100
PHILIP MORRIS COS INC COM 718154107 38995 374953 SH SOLE 374953
PHILLIPS PETE CO COM 718507106 3858 92123 SH SOLE 92123
PHYCOR INC COM 71940F100 703 18500 SH SOLE 18500
PHYSICIAN SALES & SVC INC COM 71940L107 461 19000 SH SOLE 19000
PICTURETEL CORP COM NEW 720035302 547 13900 SH SOLE 13900
PINNACLE WEST CAP CORP COM 723484101 2535 83447 SH SOLE 83447
PIONEER HI BRED INTL INC COM 723686101 2438 46100 SH SOLE 46100
PITNEY BOWES INC COM 724479100 3892 81501 SH SOLE 81501
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
POLAROID CORP COM 731095105 917 20095 SH SOLE 20095
PORTLAND GEN CORP COM 736506106 1855 60094 SH SOLE 60094
POTLATCH CORP COM 737628107 599 15300 SH SOLE 15300
POTOMAC ELEC PWR CO COM 737679100 1823 68800 SH SOLE 68800
PRAXAIR INC COM 74005P104 2919 69100 SH SOLE 69100
PRICE/COSTCO INC COM 74143W102 2862 132357 SH SOLE 132357
PRICE T ROWE & ASSOCIATES COM 741477103 1439 46792 SH SOLE 46792
PROCTER & GAMBLE CO COM 742718109 26886 296676 SH SOLE 296676
PROGRESSIVE CORP OHIO COM 743315103 1596 34500 SH SOLE 34500
PROMUS HOTEL CORP COM 74342H104 967 32646 SH SOLE 32646
PROTECTIVE LIFE CORP COM 743674103 485 13800 SH SOLE 13800
PROVIDIAN CORP COM 744061102 3148 73419 SH SOLE 73419
PUBLIC SERVICE CO COLO COM 744448101 2055 55923 SH SOLE 55923
PUBLIC SVC ENTERPRISE GROUP COM 744573106 2580 93900 SH SOLE 93900
QUAKER OATS CO COM 747402105 2059 60700 SH SOLE 60700
QUALCOMM INC COM 747525103 1302 24500 SH SOLE 24500
QUESTAR CORP COM 748356102 738 21700 SH SOLE 21700
QUINTILES TRANSNATIONAL CORP COM 748767100 644 9800 SH SOLE 9800
RJR NABISCO HOLDINGS CORP COM NEW 74960K876 4611 145696 SH SOLE 145696
RPM INC OHIO COM 749685103 477 30550 SH SOLE 30550
RALSTON PURINA CO COM RAL-PUR GP 751277302 3888 60628 SH SOLE 60628
RATIONAL SOFTWARE CORP COM NEW 75409P202 554 10300 SH SOLE 10300
RAYCHEM CORP DEL COM 754603108 2034 28300 SH SOLE 28300
RAYONIER INC COM 754907103 339 8920 SH SOLE 8920
RAYTHEON CO COM 755111101 6763 131001 SH SOLE 131001
READ-RITE CORP COM 755246105 363 25700 SH SOLE 25700
READERS DIGEST ASSN INC CL A NON VTG 755267101 993 23376 SH SOLE 23376
READERS DIGEST ASSN INC CL B 755267200 654 16600 SH SOLE 16600
READING & BATES CORP COM NEW 755281805 673 30400 SH SOLE 30400
REEBOK INTL LTD COM 758110100 1130 33600 SH SOLE 33600
REGIONS FINL CORP COM 758940100 1024 21900 SH SOLE 21900
RELIASTAR FINL CORP COM 75952U103 1413 32758 SH SOLE 32758
REPUBLIC INDS INC COM 760516104 783 26900 SH SOLE 26900
REPUBLIC N Y CORP COM 760719104 1208 19400 SH SOLE 19400
REYNOLDS METALS CO COM 761763101 1675 32137 SH SOLE 32137
RHONE POULENC RORER INC COM 76242T104 1275 19000 SH SOLE 19000
RITE AID CORP COM 767754104 1496 50300 SH SOLE 50300
ROCKWELL INTL CORP COM 774347108 4678 81548 SH SOLE 81548
ROHM & HAAS CO COM 775371107 1343 21400 SH SOLE 21400
ROUSE CO COM 779273101 1674 64700 SH SOLE 64700
ROWAN COS INC COM 779382100 530 35900 SH SOLE 35900
RUBBERMAID INC COM 781088109 2073 76078 SH SOLE 76078
RUSSELL CORP COM 782352108 657 23800 SH SOLE 23800
RYDER SYS INC COM 783549108 1035 36791 SH SOLE 36791
SBC COMMUNICATIONS INC COM 78387G103 15060 305787 SH SOLE 305787
SCI SYS INC COM 783890106 540 13300 SH SOLE 13300
SPDR TR UNIT SER 1 78462F103 956 14250 SH SOLE 14250
SAFECO CORP COM 786429100 2370 67000 SH SOLE 67000
SAFEGUARD SCIENTIFICS INC COM 786449108 203 2600 SH SOLE 2600
SAFETY KLEEN CORP COM 786484105 357 20414 SH SOLE 20414
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SAFEWAY INC COM NEW 786514208 2828 85700 SH SOLE 85700
ST JUDE MED INC COM 790849103 1554 46400 SH SOLE 46400
ST PAUL COS INC COM 792860108 2984 55778 SH SOLE 55778
SALOMON INC COM 79549B107 1969 44754 SH SOLE 44754
SANIFILL INC COM 801018102 414 8400 SH SOLE 8400
SANTA FE ENERGY RES INC COM 802012104 141 11862 SH SOLE 11862
SANTA FE PACIFIC GOLD CORP COM 802176107 294 20782 SH SOLE 20782
SARA LEE CORP COM 803111103 6378 196375 SH SOLE 196375
SCANA CORP COM 805898103 1108 39400 SH SOLE 39400
SCHERING PLOUGH CORP COM 806605101 13048 207941 SH SOLE 207941
SCHWAB CHARLES CORP NEW COM 808513105 929 37900 SH SOLE 37900
SCIENTIFIC ATLANTA INC COM 808655104 880 56800 SH SOLE 56800
SEAGATE TECHNOLOGY COM 811804103 2259 50200 SH SOLE 50200
SEARS ROEBUCK & CO COM 812387108 10531 216576 SH SOLE 216576
SECURITY DYNAMICS TECHNOLOGIES COM 814208104 206 2500 SH SOLE 2500
SENSORMATIC ELECTRS CORP COM 817265101 662 40424 SH SOLE 40424
SERVICE CORP INTL COM 817565104 3364 58500 SH SOLE 58500
SHAW INDS INC COM 820286102 913 69600 SH SOLE 69600
SHERWIN WILLIAMS CO COM 824348106 2145 46124 SH SOLE 46124
SHIVA CORP COM 824851109 880 11000 SH SOLE 11000
SIGMA ALDRICH CORP COM 826552101 1866 34880 SH SOLE 34880
SIGNET BKG CORP COM 826681108 1021 43914 SH SOLE 43914
SILICON GRAPHICS INC COM 827056102 2061 85862 SH SOLE 85862
SMITH INTL INC COM 832110100 542 18000 SH SOLE 18000
SNAP ON INC COM 833034101 1099 23200 SH SOLE 23200
SONAT INC COM 835415100 2875 63899 SH SOLE 63899
SONOCO PRODS CO COM 835495102 1463 51565 SH SOLE 51565
SOUTHERN CO COM 842587107 7808 317064 SH SOLE 317064
SOUTHERN NEW ENGLAND TELECOM COM 843485103 1638 39000 SH SOLE 39000
SOUTHERN PAC RAIL CORP COM 843584103 301 12028 SH SOLE 12028
SOUTHLAND CORP COM NEW 844436402 83 27300 SH SOLE 27300
SOUTHTRUST CORP COM 844730101 1527 54300 SH SOLE 54300
SOUTHWEST AIRLS CO COM 844741108 2184 75000 SH SOLE 75000
SOUTHWESTERN PUB SVC CO COM 845743103 1677 51400 SH SOLE 51400
SPRINT CORP COM 852061100 7620 181417 SH SOLE 181417
STANDARD FED BANCORPORATION COM 853386100 1056 27436 SH SOLE 27436
STANLEY WKS COM 854616109 1020 34278 SH SOLE 34278
STAPLES INC COM 855030102 1982 101637 SH SOLE 101637
STAR BANC CORP COM 855083101 1604 23800 SH SOLE 23800
STATE ST BOSTON CORP COM 857473102 2913 57117 SH SOLE 57117
STERIS CORP COM 859152100 318 9924 SH SOLE 9924
STONE CONTAINER CORP COM 861589109 617 44200 SH SOLE 44200
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 950 24300 SH SOLE 24300
STRYKER CORP COM 863667101 1283 56400 SH SOLE 56400
STUDENT LOAN MARKETING ASSN COM NEW VTG 863871505 2562 34561 SH SOLE 34561
SUMMIT BANCORP COM 866005101 1394 39700 SH SOLE 39700
SUN INC COM 866762107 1452 47800 SH SOLE 47800
SUN MICROSYSTEMS INC COM 866810104 5936 100828 SH SOLE 100828
SUNBEAM CORP COM 867071102 689 46701 SH SOLE 46701
SUNDSTRAND CORP COM 867323107 1831 50000 SH SOLE 50000
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SUNGLASS HUT INTL INC COM 86736F106 739 30300 SH SOLE 30300
SUNTRUST BKS INC COM 867914103 4117 111280 SH SOLE 111280
SUPERVALU INC COM 868536103 1172 37200 SH SOLE 37200
SYBASE INC COM 871130100 839 35500 SH SOLE 35500
SYSCO CORP COM 871829107 3764 109891 SH SOLE 109891
TECO ENERGY INC COM 872375100 1773 70200 SH SOLE 70200
TIG HLDGS INC COM 872469101 2109 72722 SH SOLE 72722
TJX COS INC NEW COM 872540109 1414 41906 SH SOLE 41906
TRW INC COM 872649108 3139 34926 SH SOLE 34926
TAMBRANDS INC COM 875080103 1164 28335 SH SOLE 28335
TANDEM COMPUTERS INC COM 875370108 829 67000 SH SOLE 67000
TANDY CORP COM 875382103 1663 35100 SH SOLE 35100
TECUMSEH PRODS CO CL B 878895101 640 12300 SH SOLE 12300
TELE COMMUNICATIONS INC NEW COM TCI GRP A 87924V101 5531 305143 SH SOLE 305143
TELE COMMUNICATIONS INC NEW COM LIB GRP A 87924V507 2819 106381 SH SOLE 106381
TELEDYNE INC COM 879335107 580 16000 SH SOLE 16000
TELEPHONE & DATA SYS INC COM 879433100 1566 34800 SH SOLE 34800
TELLABS INC COM 879664100 3284 49100 SH SOLE 49100
TEMPLE INLAND INC COM 879868107 1127 24103 SH SOLE 24103
TENET HEALTHCARE CORP COM 88033G100 2216 103651 SH SOLE 103651
TENNECO INC NEW COM 880370101 4825 94370 SH SOLE 94370
TERADYNE INC COM 880770102 752 43602 SH SOLE 43602
TEXACO INC COM 881694103 12464 148606 SH SOLE 148606
TEXAS INSTRS INC COM 882508104 4989 100034 SH SOLE 100034
TEXAS UTILS CO COM 882848104 3433 80300 SH SOLE 80300
TEXTRON INC COM 883203101 4316 54031 SH SOLE 54031
THERMO ELECTRON CORP COM 883556102 2535 60912 SH SOLE 60912
THOMAS & BETTS CORP COM 884315102 1223 32600 SH SOLE 32600
3COM CORP COM 885535104 4031 88100 SH SOLE 88100
360 COMMUNICATIONS CO COM 885571109 1569 65372 SH SOLE 65372
TIDEWATER INC COM 886423102 1461 33300 SH SOLE 33300
TIFFANY & CO NEW COM 886547108 526 7200 SH SOLE 7200
TIME WARNER INC COM 887315109 5804 147883 SH SOLE 147883
TIMES MIRROR CO NEW COM SER A 887364107 1988 45700 SH SOLE 45700
TIMKEN CO COM 887389104 586 15124 SH SOLE 15124
TORCHMARK CORP COM 891027104 1404 32100 SH SOLE 32100
TOSCO CORP COM NEW 891490302 561 11168 SH SOLE 11168
TOYS R US INC COM 892335100 3618 126931 SH SOLE 126931
TRANSAMERICA CORP COM 893485102 3012 37134 SH SOLE 37134
TRAVELERS GROUP INC COM 894190107 12771 279923 SH SOLE 279923
TRIBUNE CO NEW COM 896047107 1576 21700 SH SOLE 21700
TUPPERWARE CORP COM 899896104 1272 30100 SH SOLE 30100
TURNER BROADCASTING SYS INC CL A 900262403 716 26500 SH SOLE 26500
TURNER BROADCASTING SYS INC CL B 900262502 919 33400 SH SOLE 33400
TYCO INTERNATIONAL LTD COM 902120104 2317 56866 SH SOLE 56866
TYSON FOODS INC CL A 902494103 1459 53295 SH SOLE 53295
UAL CORP COM PAR $0.01 902549500 1785 33200 SH SOLE 33200
USX MARATHON GROUP COM NEW 902905827 3395 168709 SH SOLE 168709
UST INC COM 902911106 3430 100142 SH SOLE 100142
USA WASTE SVCS INC COM 902917103 598 20171 SH SOLE 20171
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNUM CORP COM 903192102 2931 47080 SH SOLE 47080
USF&G CORP COM 903290104 908 55800 SH SOLE 55800
U S G CORP COM NEW 903293405 1029 36900 SH SOLE 36900
USX-U S STL COM 90337T101 1288 45400 SH SOLE 45400
U S ROBOTICS CORP COM 90338F100 3625 42400 SH SOLE 42400
UNIFI INC COM 904677101 1100 39096 SH SOLE 39096
UNICOM CORP COM 904911104 4481 160768 SH SOLE 160768
UNION CAMP CORP COM 905530101 1628 33400 SH SOLE 33400
UNION CARBIDE CORP COM 905581104 2810 70700 SH SOLE 70700
UNION ELEC CO COM 906548102 1771 44000 SH SOLE 44000
UNION PAC CORP COM 907818108 7549 108038 SH SOLE 108038
UNISYS CORP COM 909214108 732 102700 SH SOLE 102700
UNITED HEALTHCARE CORP COM 910581107 4354 86225 SH SOLE 86225
U S BANCORP ORE COM 911596104 2699 74702 SH SOLE 74702
UNITED STATES CELLULAR CORP COM 911684108 936 30200 SH SOLE 30200
USAIR GROUP INC COM 911905107 549 30500 SH SOLE 30500
U S HEALTHCARE INC COM 911910107 4271 77650 SH SOLE 77650
UNITED STATES SURGICAL CORP COM 912707106 1231 39700 SH SOLE 39700
U S WEST INC COM-COMMUNCTNS 912889102 6196 193631 SH SOLE 193631
U S WEST INC COM-MEDIA GRP 912889201 3556 194847 SH SOLE 194847
UNITED TECHNOLOGIES CORP COM 913017109 8972 78016 SH SOLE 78016
UNITRIN INC COM 913275103 837 17800 SH SOLE 17800
UNOCAL CORP COM 915289102 4848 144120 SH SOLE 144120
V F CORP COM 918204108 1693 28400 SH SOLE 28400
VALERO ENERGY CORP COM 919138107 828 33100 SH SOLE 33100
VALLEY NATL BANCORP COM 919794107 342 13420 SH SOLE 13420
VALUE HEALTH INC COM 920393105 529 22400 SH SOLE 22400
VANGUARD CELLULAR SYS INC CL A 922022108 223 10255 SH SOLE 10255
VARIAN ASSOC INC COM 922204102 1873 36187 SH SOLE 36187
VARITY CORP COM NEW 92224R602 953 19800 SH SOLE 19800
VERIFONE INC COM 923429104 380 9000 SH SOLE 9000
VIACOM INC CL A 925524100 1899 49800 SH SOLE 49800
VIACOM INC CL B 925524308 2795 71890 SH SOLE 71890
VIKING OFFICE PRODS COM 926913104 1428 45500 SH SOLE 45500
VIVRA INC COM 92855M104 470 14300 SH SOLE 14300
VULCAN MATLS CO COM 929160109 1069 18000 SH SOLE 18000
WMX TECHNOLOGIES INC COM 92929Q107 8538 260700 SH SOLE 260700
WACHOVIA CORP COM 929771103 3767 86110 SH SOLE 86110
WAL MART STORES INC COM 931142103 16546 652067 SH SOLE 652067
WALGREEN CO COM 931422109 4403 131420 SH SOLE 131420
WARNER LAMBERT CO COM 934488107 6333 115146 SH SOLE 115146
WASHINGTON FED INC COM 938824109 249 12150 SH SOLE 12150
WASHINGTON POST CO CL B 939640108 1004 3100 SH SOLE 3100
WATSON PHARMACEUTICALS INC COM 942683103 420 11100 SH SOLE 11100
WEATHERFORD ENTERRA INC COM 947071106 651 21700 SH SOLE 21700
WELLS FARGO & CO DEL COM 949740104 12714 53176 SH SOLE 53176
WENDYS INTL INC COM 950590109 1093 58700 SH SOLE 58700
WESCO FINL CORP COM 950817106 561 3500 SH SOLE 3500
WESTERN ATLAS INC COM 957674104 1509 25900 SH SOLE 25900
WESTERN RES INC COM 959425109 935 31300 SH SOLE 31300
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WESTINGHOUSE ELEC CORP COM 960402105 4036 214000 SH SOLE 214000
WESTVACO CORP COM 961548104 1421 47580 SH SOLE 47580
WEYERHAEUSER CO COM 962166104 5245 123402 SH SOLE 123402
WHEELABRATOR TECH INC NEW COM PAR $0.01 962901302 624 40909 SH SOLE 40909
WHIRLPOOL CORP COM 963320106 1603 32300 SH SOLE 32300
WHITMAN CORP COM 96647K102 1363 56500 SH SOLE 56500
WILLAMETTE INDS INC COM 969133107 2005 33700 SH SOLE 33700
WILLIAMS COS INC DEL COM 969457100 3064 61900 SH SOLE 61900
WINN DIXIE STORES INC COM 974280109 1885 53300 SH SOLE 53300
WISCONSIN ENERGY CORP COM 976657106 1813 62800 SH SOLE 62800
WITCO CORP COM 977385103 1639 47677 SH SOLE 47677
WOOLWORTH CORP COM 980883102 1818 80800 SH SOLE 80800
WORLDCOM INC GA COM 98155K102 6041 109100 SH SOLE 109100
WORTHINGTON INDS INC COM 981811102 911 43650 SH SOLE 43650
WRIGLEY WM JR CO COM 982526105 2722 53900 SH SOLE 53900
XILINX INC COM 983919101 1159 36500 SH SOLE 36500
XEROX CORP COM 984121103 7489 139990 SH SOLE 139990
YORK INTL CORP NEW COM 986670107 1428 27600 SH SOLE 27600
ZIONS BANCORPORATION COM 989701107 706 9700 SH SOLE 9700
REPORT SUMMARY 769 DATA RECORDS 2669489 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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