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Previous: SHELBY WILLIAMS INDUSTRIES INC, 10-Q, 1996-05-06 |
Next: BJURMAN GEORGE D & ASSOCIATES /ADV, SC 13G, 1996-05-06 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/96
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 04/30/96
<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
A D C TELECOMMUNICATIONS COM 000886101 1245 36100 SH SOLE 36100
AFLAC INC COM 001055102 1883 60262 SH SOLE 60262
AGL RES INC COM 001204106 597 32500 SH SOLE 32500
AES CORP COM 00130H105 281 11282 SH SOLE 11282
AMR CORP COM 001765106 4296 48002 SH SOLE 48002
AT&T CORP COM 001957109 43438 710436 SH SOLE 710436
ABBOTT LABS COM 002824100 15203 373074 SH SOLE 373074
ADAPTEC INC COM 00651F108 941 19500 SH SOLE 19500
ADOBE SYS INC COM 00724F101 948 29400 SH SOLE 29400
ADVANCED MICRO DEVICES INC COM 007903107 892 51400 SH SOLE 51400
ADVANTA CORP CL A 007942105 1118 21500 SH SOLE 21500
AETNA LIFE & CAS CO COM 008140105 3534 46805 SH SOLE 46805
AHMANSON H F & CO COM 008677106 1174 48400 SH SOLE 48400
AIR PRODS & CHEMS INC COM 009158106 3454 63225 SH SOLE 63225
AIRTOUCH COMMUNICATIONS INC COM 00949T100 7765 249491 SH SOLE 249491
ALBERTSONS INC COM 013104104 3844 103539 SH SOLE 103539
ALCO STD CORP COM 013788104 2795 53630 SH SOLE 53630
ALEXANDER & BALDWIN INC COM 014482103 708 29500 SH SOLE 29500
ALLEGHENY PWR SYS INC COM 017411109 1598 52600 SH SOLE 52600
ALLERGAN INC COM 018490102 2277 61756 SH SOLE 61756
ALLIEDSIGNAL INC COM 019512102 10308 174341 SH SOLE 174341
ALLMERICA PPTY & CAS COS INC COM 01975T105 840 32000 SH SOLE 32000
ALLSTATE CORP COM 020002101 6709 159658 SH SOLE 159658
ALLTEL CORP COM 020039103 2740 88666 SH SOLE 88666
ALTERA CORP COM 021441100 1090 19500 SH SOLE 19500
ALUMAX INC COM 022197107 851 24050 SH SOLE 24050
ALUMINUM CO AMER COM 022249106 4534 72400 SH SOLE 72400
ALZA CORP DEL COM 022615108 1344 43700 SH SOLE 43700
AMBAC INC COM 023139108 1203 25000 SH SOLE 25000
AMERADA HESS CORP COM 023551104 2173 39500 SH SOLE 39500
AMERICA ONLINE INC DEL COM 02364J104 1193 21300 SH SOLE 21300
AMDAHL CORP COM 023905102 109 12872 SH SOLE 12872
AMERICAN BRANDS INC COM 024703100 3066 72172 SH SOLE 72172
AMERICAN ELEC PWR INC COM 025537101 2902 69500 SH SOLE 69500
AMERICAN EXPRESS CO COM 025816109 11367 230218 SH SOLE 230218
AMERICAN FINL GROUP INC COM 02608W101 626 20700 SH SOLE 20700
AMERICAN GENERAL CORP COM 026351106 2989 86626 SH SOLE 86626
AMERICAN GREETINGS CORP CL A 026375105 1123 40651 SH SOLE 40651
AMERICAN HOME PRODS CORP COM 026609107 16290 150307 SH SOLE 150307
AMERICAN INTL GROUP INC COM 026874107 17121 182871 SH SOLE 182871
AMERICAN NATL INS CO COM 028591105 567 8400 SH SOLE 8400
AMERICAN PWR CONVERSION CORP COM 029066107 464 46400 SH SOLE 46400
AMERICAN RE CORP COM 029163102 932 23300 SH SOLE 23300
AMERICAN STORES CO NEW COM 030096101 2556 77463 SH SOLE 77463
AMERITECH CORP NEW COM 030954101 12077 221600 SH SOLE 221600
AMGEN INC COM 031162100 6847 117800 SH SOLE 117800
AMP INC COM 031897101 5159 124691 SH SOLE 124691
AMOCO CORP COM 031905102 16196 224167 SH SOLE 224167
AMPHENOL CORP CL A 032094203 616 26338 SH SOLE 26338
AMSOUTH BANCORPORATION COM 032165102 1003 25800 SH SOLE 25800
<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
ANADARKO PETE CORP COM 032511107 2235 40278 SH SOLE 40278
ANALOG DEVICES INC COM 032654105 1929 68900 SH SOLE 68900
ANHEUSER BUSCH COS INC COM 035229103 8143 120856 SH SOLE 120856
ANIXTER INTL INC COM 035290105 593 35152 SH SOLE 35152
AON CORP COM 037389103 1933 37350 SH SOLE 37350
APACHE CORP COM 037411105 1045 38899 SH SOLE 38899
APPLE COMPUTER INC COM 037833100 1322 53805 SH SOLE 53805
APPLIED MATLS INC COM 038222105 3405 97626 SH SOLE 97626
ARCHER DANIELS MIDLAND CO COM 039483102 4187 227839 SH SOLE 227839
ARMSTRONG WORLD INDS INC COM 042476101 1830 29449 SH SOLE 29449
ARROW ELECTRS INC COM 042735100 1196 25443 SH SOLE 25443
ARROW INTL INC COM 042764100 335 8050 SH SOLE 8050
ASCEND COMMUNICATIONS INC COM 043491109 2177 40400 SH SOLE 40400
ASHLAND INC COM 044204105 1134 29541 SH SOLE 29541
ATLANTIC RICHFIELD CO COM 048825103 7787 65433 SH SOLE 65433
ATLANTIC ENERGY INC N J COM 048903108 1084 65200 SH SOLE 65200
ATMEL CORP COM 049513104 859 33700 SH SOLE 33700
AUTODESK INC COM 052769106 1091 28905 SH SOLE 28905
AUTOMATIC DATA PROCESSING INC COM 053015103 6229 158191 SH SOLE 158191
AUTOZONE INC COM 053332102 2364 69800 SH SOLE 69800
AVERY DENNISON CORP COM 053611109 1514 28045 SH SOLE 28045
AVNET INC COM 053807103 931 19300 SH SOLE 19300
AVON PRODS INC COM 054303102 3140 36621 SH SOLE 36621
BMC SOFTWARE INC COM 055921100 1681 30700 SH SOLE 30700
BAKER HUGHES INC COM 057224107 2318 79535 SH SOLE 79535
BALTIMORE GAS & ELEC CO COM 059165100 1442 52200 SH SOLE 52200
BANC ONE CORP COM 059438101 6122 171836 SH SOLE 171836
BANCORP HAWAII INC COM 059685107 964 27450 SH SOLE 27450
BANK OF BOSTON CORP COM 060716107 2650 53400 SH SOLE 53400
BANK NEW YORK INC COM 064057102 4526 87884 SH SOLE 87884
BANKAMERICA CORP COM 066050105 12519 161532 SH SOLE 161532
BANKERS TRUST N Y CORP COM 066365107 2554 36030 SH SOLE 36030
BANPONCE CORP NEW COM 066704107 971 21000 SH SOLE 21000
BARD C R INC COM 067383109 876 24600 SH SOLE 24600
BARNES & NOBLE INC COM 067774109 270 7780 SH SOLE 7780
BARNETT BKS INC COM 068055102 2437 39154 SH SOLE 39154
BAUSCH & LOMB INC COM 071707103 1062 28700 SH SOLE 28700
BAXTER INTL INC COM 071813109 6331 139921 SH SOLE 139921
BAY NETWORKS INC COM 072510100 2561 83283 SH SOLE 83283
BAYBANKS INC COM 072723109 1893 17605 SH SOLE 17605
BEAR STEARNS COS INC COM 073902108 1192 48167 SH SOLE 48167
BECTON DICKINSON & CO COM 075887109 2530 30900 SH SOLE 30900
BELL ATLANTIC CORP COM 077853109 10519 170056 SH SOLE 170056
BELLSOUTH CORP COM 079860102 15860 428654 SH SOLE 428654
BELO A H CORP DEL COM SER A 080555105 802 23600 SH SOLE 23600
BENEFICIAL CORP COM 081721102 2564 44493 SH SOLE 44493
BETHLEHEM STL CORP COM 087509105 640 48800 SH SOLE 48800
BETZ LABS INC COM 087779104 609 13100 SH SOLE 13100
BIOGEN INC COM 090597105 1154 19400 SH SOLE 19400
BIOMET INC COM 090613100 1028 73400 SH SOLE 73400
<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
BLACK & DECKER CORP COM 091797100 1678 44300 SH SOLE 44300
BLOCK H & R INC COM 093671105 1858 51433 SH SOLE 51433
BOATMENS BANCSHARES INC COM 096650106 2645 67389 SH SOLE 67389
BOB EVANS FARMS INC COM 096761101 549 33800 SH SOLE 33800
BOEING CO COM 097023105 12451 143736 SH SOLE 143736
BOISE CASCADE CORP COM 097383103 210 5000 SH SOLE 5000
BOSTON CHICKEN INC COM 100578103 865 25400 SH SOLE 25400
BOSTON EDISON CO COM 100599109 1234 45900 SH SOLE 45900
BOSTON SCIENTIFIC CORP COM 101137107 1674 36400 SH SOLE 36400
BRINKER INTL INC COM 109641100 874 52175 SH SOLE 52175
BRISTOL MYERS SQUIBB CO COM 110122108 19983 233453 SH SOLE 233453
BROWN FORMAN CORP CL B 115637209 1196 29800 SH SOLE 29800
BROWNING FERRIS INDS COM 115885105 3058 97094 SH SOLE 97094
BRUNSWICK CORP COM 117043109 1327 57700 SH SOLE 57700
BURLINGTON NORTHN SANTA FE CP COM 12189T104 6171 74840 SH SOLE 74840
BURLINGTON RES INC COM 122014103 3112 83834 SH SOLE 83834
CIGNA CORP COM 125509109 3119 27300 SH SOLE 27300
CMS ENERGY CORP COM 125896100 1796 60876 SH SOLE 60876
CPC INTL INC COM 126149103 4815 69401 SH SOLE 69401
CSX CORP COM 126408103 4445 97434 SH SOLE 97434
CUC INTL INC COM 126545102 2793 95476 SH SOLE 95476
CABLETRON SYS INC COM 126920107 1799 27150 SH SOLE 27150
CABOT CORP COM 127055101 1453 47640 SH SOLE 47640
CADENCE DESIGN SYSTEM INC COM 127387108 1015 23000 SH SOLE 23000
CALIBER SYS INC COM 129894101 424 9900 SH SOLE 9900
CALLAWAY GOLF CO COM 131193104 1228 45900 SH SOLE 45900
CAMPBELL SOUP CO COM 134429109 3306 54300 SH SOLE 54300
CAPITAL ONE FINL CORP COM 14040H105 430 15624 SH SOLE 15624
CARDINAL HEALTH INC COM 14149Y108 1846 28739 SH SOLE 28739
CAREMARK INTL INC COM 141704106 1158 46100 SH SOLE 46100
CAROLINA PWR & LT CO COM 144141108 3241 87020 SH SOLE 87020
CASCADE COMMUNICATIONS CORP COM 147184105 1629 18150 SH SOLE 18150
CATERPILLAR INC DEL COM 149123101 5898 86729 SH SOLE 86729
CENTERIOR ENERGY CORP COM 151883105 1438 179800 SH SOLE 179800
CENTRAL & SOUTH WEST CORP COM 152357109 2106 73881 SH SOLE 73881
CENTURY TEL ENTERPRISES INC COM 156686107 1000 31500 SH SOLE 31500
CERIDIAN CORP COM 15677T106 245 5700 SH SOLE 5700
CHAMPION INTL CORP COM 158525105 1825 40324 SH SOLE 40324
CHASE MANHATTAN CORP COM 161610100 5637 76700 SH SOLE 76700
CHEMICAL BKG CORP COM 163722101 7798 110606 SH SOLE 110606
CHEVRON CORPORATION COM 166751107 15166 270222 SH SOLE 270222
CHIRON CORP COM 170040109 1060 10785 SH SOLE 10785
CHRYSLER CORP COM 171196108 8808 141491 SH SOLE 141491
CHUBB CORP COM 171232101 3406 36282 SH SOLE 36282
CINCINNATI BELL INC COM 171870108 1792 34457 SH SOLE 34457
CINCINNATI FINL CORP COM 172062101 1698 26796 SH SOLE 26796
CINERGY CORP COM 172474108 1920 64000 SH SOLE 64000
CIRCUIT CITY STORE INC COM 172737108 1763 59009 SH SOLE 59009
CISCO SYS INC COM 17275R102 11517 248352 SH SOLE 248352
CIRRUS LOGIC CORP COM 172755100 489 27100 SH SOLE 27100
<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
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 1873 55708 SH SOLE 55708
CITICORP COM 173034109 16085 201063 SH SOLE 201063
CLOROX CO DEL COM 189054109 1550 18000 SH SOLE 18000
COASTAL CORP COM 190441105 1169 29600 SH SOLE 29600
COCA COLA CO COM 191216100 44584 538910 SH SOLE 538910
COCA COLA ENTERPRISES INC COM 191219104 1315 42600 SH SOLE 42600
COLGATE PALMOLIVE CO COM 194162103 5629 72287 SH SOLE 72287
COLUMBIA GAS SYS INC COM 197648108 836 18222 SH SOLE 18222
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 11348 196503 SH SOLE 196503
COMCAST CORP CL A 200300101 1423 81900 SH SOLE 81900
COMCAST CORP CL A SPL 200300200 1129 63828 SH SOLE 63828
COMERICA INC COM 200340107 2351 56300 SH SOLE 56300
COMPAQ COMPUTER CORP COM 204493100 4476 115894 SH SOLE 115894
COMPUTER ASSOC INTL INC COM 204912109 6829 95349 SH SOLE 95349
COMPUTER SCIENCES CORP COM 205363104 2196 31200 SH SOLE 31200
COMPUWARE CORP COM 205638109 435 18900 SH SOLE 18900
CONAGRA INC COM 205887102 4358 107285 SH SOLE 107285
CONRAIL INC COM 208368100 2543 35500 SH SOLE 35500
CONSECO INC COM 208464107 1006 13900 SH SOLE 13900
CONSOLIDATED EDISON CO N Y INC COM 209111103 2773 87000 SH SOLE 87000
CONSOLIDATED NAT GAS CO COM 209615103 1485 34128 SH SOLE 34128
COOPER INDS INC COM 216669101 2220 56929 SH SOLE 56929
COOPER TIRE & RUBR CO COM 216831107 1236 48000 SH SOLE 48000
CORESTATES FINL CORP COM 218695104 3026 71400 SH SOLE 71400
CORNING INC COM 219350105 3377 96493 SH SOLE 96493
COUNTRYWIDE CR INDS INC DEL COM 222372104 1704 77034 SH SOLE 77034
COX COMMUNICATIONS INC NEW CL A 224044107 673 30770 SH SOLE 30770
CRACKER BARREL OLD CTRY STR COM 224100107 904 38900 SH SOLE 38900
CRESTAR FINL CORP COM 226091106 1387 24128 SH SOLE 24128
CROMPTON & KNOWLES CORP COM 227111101 550 37600 SH SOLE 37600
CROWN CORK & SEAL INC COM 228255105 1753 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 1315 46550 SH SOLE 46550
DQE INC COM 23329J104 1320 45700 SH SOLE 45700
DPL INC COM 233293109 1027 43000 SH SOLE 43000
DSC COMMUNICATIONS CORP COM 233311109 1393 51600 SH SOLE 51600
DTE ENERGY CO COM 233331107 1957 58200 SH SOLE 58200
DANA CORP COM 235811106 1682 50400 SH SOLE 50400
DARDEN RESTAURANTS INC COM 237194105 1068 79078 SH SOLE 79078
DAYTON HUDSON CORP COM 239753106 2751 32409 SH SOLE 32409
DEAN FOODS CO COM 242361103 723 28900 SH SOLE 28900
DEAN WITTER DISCOVER & CO COM 24240V101 4970 86815 SH SOLE 86815
DEBARTOLO RLTY CORP COM 242733103 167 11120 SH SOLE 11120
DEERE & CO COM 244199105 6049 145276 SH SOLE 145276
DELL COMPUTER CORP COM 247025109 1184 35354 SH SOLE 35354
DELTA AIR LINES INC DEL COM 247361108 2172 28251 SH SOLE 28251
DELUXE CORP COM 248019101 1092 34800 SH SOLE 34800
DENTSPLY INTL INC NEW COM 249030107 495 12288 SH SOLE 12288
DIAL CORP DEL COM 252470109 1126 40200 SH SOLE 40200
<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
DIEBOLD INC COM 253651103 1305 32925 SH SOLE 32925
DIGITAL EQUIP CORP COM 253849103 3665 66609 SH SOLE 66609
DILLARD DEPT STORES INC CL A 254063100 1721 49707 SH SOLE 49707
DIME BANCORP INC NEW COM 25429Q102 243 19610 SH SOLE 19610
DISNEY WALT CO COM 254687106 13883 217341 SH SOLE 217341
DOLE FOOD INC COM 256605106 1061 27567 SH SOLE 27567
DOMINION RES INC VA COM 257470104 2758 69785 SH SOLE 69785
DONNELLEY R R & SONS CO COM 257867101 2935 85060 SH SOLE 85060
DOVER CORP COM 260003108 3786 82753 SH SOLE 82753
DOW CHEM CO COM 260543103 9255 106400 SH SOLE 106400
DOW JONES & CO INC COM 260561105 674 17500 SH SOLE 17500
DRESSER INDS INC COM 261597108 2781 91189 SH SOLE 91189
DU PONT E I DE NEMOURS & CO COM 263534109 21201 255437 SH SOLE 255437
DUKE POWER CO COM 264399106 4242 84000 SH SOLE 84000
DUN & BRADSTREET CORP COM 264830100 5282 87129 SH SOLE 87129
DURACELL INTL INC COM 26633L103 2577 51929 SH SOLE 51929
EG & G INC COM 268457108 1345 60106 SH SOLE 60106
E M C CORP MASS COM 268648102 1853 85100 SH SOLE 85100
ENSCO INTL INC COM 26874Q100 998 35800 SH SOLE 35800
EASTMAN CHEM CO COM 277432100 3096 44864 SH SOLE 44864
EASTMAN KODAK CO COM 277461109 11997 168965 SH SOLE 168965
EATON CORP COM 278058102 2440 40500 SH SOLE 40500
ECHLIN INC COM 278749106 1171 32300 SH SOLE 32300
ECKERD JACK CORP DEL COM 278763107 689 14312 SH SOLE 14312
ECOLAB INC COM 278865100 1108 36942 SH SOLE 36942
EDISON INTL COM 281020107 2694 157300 SH SOLE 157300
EDWARDS AG INC COM 281760108 1038 41745 SH SOLE 41745
EL PASO NAT GAS CO COM NEW 283695872 614 16600 SH SOLE 16600
ELECTRONIC ARTS INC COM 285512109 893 33700 SH SOLE 33700
EMERSON ELEC CO COM 291011104 10049 124445 SH SOLE 124445
ENGELHARD CORP COM 292845104 1450 62050 SH SOLE 62050
ENOVA CORP COM 293552105 885 38700 SH SOLE 38700
ENRON CORP COM 293561106 3676 99700 SH SOLE 99700
ENSERCH CORP COM 293567103 517 31832 SH SOLE 31832
ENTERGY CORP NEW COM 29364G103 2878 102770 SH SOLE 102770
EQUIFAX INC COM 294429105 3496 173690 SH SOLE 173690
EQUITABLE COS INC COM 29444G107 1066 43956 SH SOLE 43956
EQUITABLE RES INC COM 294549100 589 20150 SH SOLE 20150
EXXON CORP COM 302290101 44898 550773 SH SOLE 550773
FHP INTL CORP COM 302426101 552 17466 SH SOLE 17466
F M C CORP COM NEW 302491303 1178 15687 SH SOLE 15687
FPL GROUP INC COM 302571104 4022 88888 SH SOLE 88888
FEDERAL EXPRESS CORP COM 313309106 1712 24500 SH SOLE 24500
FEDERAL HOME LN MTG CORP COM 313400301 6402 75100 SH SOLE 75100
FEDERAL NATL MTG ASSN COM 313586109 17645 553566 SH SOLE 553566
FEDERATED DEPT STORES INC DEL COM 31410H101 3874 120123 SH SOLE 120123
FERRO CORP COM 315405100 447 15753 SH SOLE 15753
FIFTH THIRD BANCORP COM 316773100 1833 31600 SH SOLE 31600
FIRST AMER BK CORP COM 318906104 1669 36000 SH SOLE 36000
FIRST BK SYS INC COM 319279105 3111 52172 SH SOLE 52172
<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
FIRST CHICAGO NBD CORP COM 31945A100 6768 163092 SH SOLE 163092
FIRST DATA CORP COM 319963104 7708 109340 SH SOLE 109340
FIRST HAWAIIAN INC COM 320506108 553 20000 SH SOLE 20000
FIRST INTST BANCORP COM 320548100 6365 36684 SH SOLE 36684
FIRST SEC CORP DEL COM 336294103 787 28350 SH SOLE 28350
FIRST UN CORP COM 337358105 7167 118664 SH SOLE 118664
FIRST USA INC COM 33743H105 1659 29300 SH SOLE 29300
FIRSTAR CORP COM 33761C103 1284 28700 SH SOLE 28700
FLEET FINL GROUP INC NEW COM 338915101 4473 110433 SH SOLE 110433
FLEMING COS INC COM 339130106 405 28400 SH SOLE 28400
FLIGHTSAFETY INTL INC COM 339423105 1090 19554 SH SOLE 19554
FLORIDA PROGRESS CORP COM 341109106 1592 46655 SH SOLE 46655
FLUOR CORP COM 343861100 2535 37140 SH SOLE 37140
FOOD LION INC CL B 344775101 897 149500 SH SOLE 149500
FORD MTR CO DEL COM 345370100 15975 464717 SH SOLE 464717
FOREST LABS INC CL A 345838106 1370 28100 SH SOLE 28100
FOSTER WHEELER CORP COM 350244109 661 14900 SH SOLE 14900
FOUNDATION HEALTH CORP COM 350401105 610 16000 SH SOLE 16000
FRANKLIN RES INC COM 354613101 1573 27600 SH SOLE 27600
FREEPORT-MCMORAN COPPER & GOLD CL A 35671D105 2443 79452 SH SOLE 79452
FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 388 12277 SH SOLE 12277
FREEPORT MCMORAN INC COM PAR $0.01 356714402 500 12549 SH SOLE 12549
FRONTIER CORPORATION COM 35906P105 2698 85661 SH SOLE 85661
FRUIT OF THE LOOM INC CL A 359416104 955 36900 SH SOLE 36900
GTE CORP COM 362320103 19640 448742 SH SOLE 448742
GANNETT INC COM 364730101 5406 80391 SH SOLE 80391
GAP INC DEL COM 364760108 2763 49900 SH SOLE 49900
GAYLORD ENTMT CO CL A 367901105 935 34640 SH SOLE 34640
GENERAL DYNAMICS CORP COM 369550108 1431 24456 SH SOLE 24456
GENERAL ELEC CO COM 369604103 53562 687800 SH SOLE 687800
GENERAL INSTR CORP NEW COM 370121105 1605 59300 SH SOLE 59300
GENERAL MLS INC COM 370334104 4209 72108 SH SOLE 72108
GENERAL MTRS CORP COM 370442105 17509 328800 SH SOLE 328800
GENERAL MTRS CORP CL E 370442402 6898 121024 SH SOLE 121024
GENERAL MTRS CORP CL H 370442501 3143 49698 SH SOLE 49698
GENERAL NUTRITION COS INC COM 37047F103 1028 41100 SH SOLE 41100
GENERAL PUB UTILS CP COM 370550105 1463 44600 SH SOLE 44600
GENERAL RE CORP COM 370563108 5655 38799 SH SOLE 38799
GENERAL SIGNAL CORP COM 370838104 1541 42516 SH SOLE 42516
GENUINE PARTS CO COM 372460105 2259 50200 SH SOLE 50200
GENZYME CORP COM GENL DIV 372917104 1139 20700 SH SOLE 20700
GEORGIA GULF CORP COM PAR $0.01 373200203 889 23700 SH SOLE 23700
GEORGIA PAC CORP COM 373298108 2692 38810 SH SOLE 38810
GIANT FOOD INC CL A 374478105 1148 34800 SH SOLE 34800
GILLETTE CO COM 375766102 9748 188365 SH SOLE 188365
GLENAYRE TECHNOLOGIES INC COM 377899109 1508 39412 SH SOLE 39412
GOLDEN WEST FINL CORP DEL COM 381317106 1276 23800 SH SOLE 23800
GOODRICH B F CO COM 382388106 1466 18440 SH SOLE 18440
GOODYEAR TIRE & RUBR CO COM 382550101 4217 82692 SH SOLE 82692
GRACE W R & CO COM 383883105 3885 49451 SH SOLE 49451
<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
GRAINGER W W INC COM 384802104 1141 17000 SH SOLE 17000
GREAT LAKES CHEM CORP COM 390568103 1907 28300 SH SOLE 28300
GREAT WESTN FINL CORP COM 391442100 1590 65900 SH SOLE 65900
GREEN TREE FINL CORP COM 393505102 2832 82400 SH SOLE 82400
GUIDANT CORP COM 401698105 2108 39031 SH SOLE 39031
HBO & CO COM 404100109 2262 24000 SH SOLE 24000
HFS INC COM 404181109 2704 55600 SH SOLE 55600
HALLIBURTON CO COM 406216101 2593 45600 SH SOLE 45600
HARCOURT GEN INC COM 41163G101 1361 29995 SH SOLE 29995
HARLEY DAVIDSON INC COM 412822108 1493 38400 SH SOLE 38400
HARRAHS ENTMT INC COM 413619107 1574 53593 SH SOLE 53593
HARRIS CORP DEL COM 413875105 1671 27000 SH SOLE 27000
HARSCO CORP COM 415864107 1053 15900 SH SOLE 15900
HARTFORD STEAM BOILER INSP&INS COM 416704104 658 13000 SH SOLE 13000
HASBRO INC COM 418056107 1279 34558 SH SOLE 34558
HEALTHSOUTH CORP COM 421924101 1769 50500 SH SOLE 50500
HEALTH MGMT ASSOC INC NEW CL A 421933102 1446 41300 SH SOLE 41300
HEILIG MEYERS CO COM 422893107 582 28200 SH SOLE 28200
HEINZ H J CO COM 423074103 4611 139200 SH SOLE 139200
HERCULES INC COM 427056106 3217 51891 SH SOLE 51891
HERSHEY FOODS CORP COM 427866108 1535 20600 SH SOLE 20600
HEWLETT PACKARD CO COM 428236103 18388 195391 SH SOLE 195391
HILTON HOTELS CORP COM 432848109 1485 15800 SH SOLE 15800
HOME DEPOT INC COM 437076102 10070 210811 SH SOLE 210811
HOMESTAKE MNG CO COM 437614100 1111 57040 SH SOLE 57040
HONEYWELL INC COM 438506107 3359 60800 SH SOLE 60800
HOST MARRIOTT SVCS CORP COM 440914109 206 29393 SH SOLE 29393
HOST MARRIOTT CORP COM 441078102 1019 75467 SH SOLE 75467
HOUSEHOLD INTL INC COM 441815107 2938 43480 SH SOLE 43480
HOUSTON INDS INC COM 442161105 2132 98574 SH SOLE 98574
HUBBELL INC CL B 443510201 2886 44487 SH SOLE 44487
HUMANA INC COM 444859102 1992 79300 SH SOLE 79300
HUNTINGTON BANCSHARES INC COM 446150104 1733 72599 SH SOLE 72599
IBP INC COM 449223106 1302 50800 SH SOLE 50800
IMC GLOBAL INC COM 449669100 1020 27956 SH SOLE 27956
ITT HARTFORD GROUP INC COM 45068H106 2780 56738 SH SOLE 56738
ITT INDS INC IND COM 450911102 1390 54503 SH SOLE 54503
ITT CORP NEW COM 450912100 3270 54503 SH SOLE 54503
ILLINOIS CENT CORP COM SER A 451841100 1169 41007 SH SOLE 41007
ILLINOIS TOOL WKS INC COM 452308109 2934 45400 SH SOLE 45400
ILLINOVA CORP COM 452317100 1743 61959 SH SOLE 61959
INFINITY BROADCASTING CORP CL A 456626100 2026 46700 SH SOLE 46700
INFORMIX CORP COM 456779107 1732 65686 SH SOLE 65686
INGERSOLL RAND CO COM 456866102 2382 58447 SH SOLE 58447
INLAND STL INDS INC COM 457472108 567 22900 SH SOLE 22900
INTEGRA FINL CORP COM 458104106 1213 17300 SH SOLE 17300
INTEL CORP COM 458140100 21190 372570 SH SOLE 372570
INTERNATIONAL BUSINESS MACHS COM 459200101 29771 267645 SH SOLE 267645
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 2075 43350 SH SOLE 43350
INTERNATIONAL GAME TECHNOLOGY COM 459902102 920 67500 SH SOLE 67500
<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
INTL PAPER CO COM 460146103 4077 103255 SH SOLE 103255
INTERPUBLIC GROUP COS INC COM 460690100 3083 65258 SH SOLE 65258
INTUIT COM 461202103 743 16500 SH SOLE 16500
IPALCO ENTERPRISES INC COM 462613100 1224 45750 SH SOLE 45750
IVAX CORP COM 465823102 1176 45462 SH SOLE 45462
JAMES RIV CORP VA COM 470349101 1029 39950 SH SOLE 39950
JEFFERSON PILOT CORP COM 475070108 1933 35887 SH SOLE 35887
JOHNSON & JOHNSON COM 478160104 27075 293500 SH SOLE 293500
JOHNSON CTLS INC COM 478366107 1687 22600 SH SOLE 22600
K MART CORP COM 482584109 1887 201300 SH SOLE 201300
KANSAS CITY PWR & LT CO COM 485134100 1298 50900 SH SOLE 50900
KANSAS CITY SOUTHN INDS INC COM 485170104 1183 25444 SH SOLE 25444
KELLOGG CO COM 487836108 4020 53073 SH SOLE 53073
KELLY SVCS INC CL A 488152208 886 27650 SH SOLE 27650
KERR MCGEE CORP COM 492386107 1772 27900 SH SOLE 27900
KEYCORP NEW COM 493267108 3801 98415 SH SOLE 98415
KIMBERLY CLARK CORP COM 494368103 9540 128240 SH SOLE 128240
KING WORLD PRODTNS INC COM 495667107 557 13452 SH SOLE 13452
KNIGHT RIDDER INC COM 499040103 1640 24075 SH SOLE 24075
KOHLS CORP COM 500255104 1344 21200 SH SOLE 21200
KROGER CO COM 501044101 2224 54914 SH SOLE 54914
LCI INTL INC COM 501813109 1115 45100 SH SOLE 45100
LSI LOGIC CORP COM 502161102 1700 63300 SH SOLE 63300
LABORATORY CORP AMER HLDGS COM 50540R102 237 28344 SH SOLE 28344
LEGGETT & PLATT INC COM 524660107 1183 51700 SH SOLE 51700
LEHMAN BROS HLDGS INC COM 524908100 1268 47420 SH SOLE 47420
LILLY ELI & CO COM 532457108 12006 184703 SH SOLE 184703
LIMITED INC COM 532716107 1228 64637 SH SOLE 64637
LIN TELEVISION CORP COM 532776101 446 12650 SH SOLE 12650
LINCOLN NATL CORP IND COM 534187109 3022 59554 SH SOLE 59554
LINEAR TECHNOLOGY CORP COM 535678106 1916 45900 SH SOLE 45900
LITTON INDS INC COM 538021106 1033 22338 SH SOLE 22338
LIZ CLAIBORNE INC COM 539320101 1378 40220 SH SOLE 40220
LOCKHEED MARTIN CORP COM 539830109 6702 88327 SH SOLE 88327
LOCTITE CORP DEL COM 540137106 768 15200 SH SOLE 15200
LOEWS CORP COM 540424108 4551 60268 SH SOLE 60268
LONG ISLAND LTG CO COM 542671102 1123 63700 SH SOLE 63700
LONGVIEW FIBRE CO COM 543213102 560 33200 SH SOLE 33200
LOUISIANA LD & EXPL CO COM 546268103 1009 21634 SH SOLE 21634
LOUISIANA PAC CORP COM 546347105 1175 48200 SH SOLE 48200
LOWES COS INC COM 548661107 2116 59200 SH SOLE 59200
LUBRIZOL CORP COM 549271104 1230 41693 SH SOLE 41693
LYONDELL PETROCHEMICAL CO COM 552078107 580 19000 SH SOLE 19000
MBIA INC COM 55262C100 1620 21600 SH SOLE 21600
MBNA CORP COM 55262L100 2708 91425 SH SOLE 91425
MCI COMMUNICATIONS CORP COM 552673105 9604 317503 SH SOLE 317503
MGIC INVT CORP WIS COM 552848103 1756 32227 SH SOLE 32227
MALLINCKRODT GROUP INC COM 561226101 1227 32600 SH SOLE 32600
MANPOWER INC COM 56418H100 1175 37900 SH SOLE 37900
MAPCO INC COM 565097102 872 15600 SH SOLE 15600
<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
MARSH & MCLENNAN COS INC COM 571748102 3923 42236 SH SOLE 42236
MARSHALL & ILSLEY CORP COM 571834100 1520 58200 SH SOLE 58200
MARRIOTT INTL INC COM 571900109 2850 60008 SH SOLE 60008
MARTIN MARIETTA MATLS INC COM 573284106 301 13221 SH SOLE 13221
MASCO CORP COM 574599106 2177 75073 SH SOLE 75073
MATTEL INC COM 577081102 3439 126788 SH SOLE 126788
MAY DEPT STORES CO COM 577778103 5083 105346 SH SOLE 105346
MAYTAG CORP COM 578592107 1033 50500 SH SOLE 50500
MCCORMICK & CO INC COM NON VTG 579780206 1054 47900 SH SOLE 47900
MCDONALDS CORP COM 580135101 15097 314517 SH SOLE 314517
MCDONNELL DOUGLAS CORP COM 580169100 4946 53985 SH SOLE 53985
MCGRAW HILL COS INC COM 580645109 1778 20500 SH SOLE 20500
MCKESSON CORP NEW COM 581557105 323 6300 SH SOLE 6300
MEAD CORP COM 582834107 2331 43172 SH SOLE 43172
MEDTRONIC INC COM 585055106 6404 107400 SH SOLE 107400
MELLON BK CORP COM 585509102 4157 75258 SH SOLE 75258
MELVILLE CORP COM 585745102 1585 43929 SH SOLE 43929
MERCANTILE BANCORPORATION INC COM 587342106 272 5950 SH SOLE 5950
MERCANTILE BANKSHARES CORP COM 587405101 1150 43800 SH SOLE 43800
MERCANTILE STORES INC COM 587533100 1007 16400 SH SOLE 16400
MERCK & CO INC COM 589331107 34319 551304 SH SOLE 551304
MERCURY FIN CO COM 589395102 797 56450 SH SOLE 56450
MERIDIAN BANCORP INC COM 589580109 1907 36500 SH SOLE 36500
MERRILL LYNCH & CO INC COM 590188108 4380 72100 SH SOLE 72100
MICROSOFT CORP COM 594918104 15651 151772 SH SOLE 151772
MICRON TECHNOLOGY INC COM 595112103 2378 75272 SH SOLE 75272
MID ATLANTIC MED SVCS INC COM 59523C107 689 29800 SH SOLE 29800
MIDAMERICAN ENERGY CO COM 595620105 660 36900 SH SOLE 36900
MILLIPORE CORP COM 601073109 1304 34100 SH SOLE 34100
MINNESOTA MNG & MFG CO COM 604059105 12441 192419 SH SOLE 192419
MINNESOTA PWR & LT CO COM 604110106 982 35400 SH SOLE 35400
MIRAGE RESORTS INC COM 60462E104 2152 49050 SH SOLE 49050
MOBIL CORP COM 607059102 20338 175519 SH SOLE 175519
MOBILE TELECOMMUNICATIONS TECH COM 607406105 542 34700 SH SOLE 34700
MOLEX INC COM 608554101 1805 51762 SH SOLE 51762
MONSANTO CO COM 611662107 7469 48658 SH SOLE 48658
MONTANA POWER CO COM 612085100 513 23700 SH SOLE 23700
MORGAN J P & CO INC COM 616880100 7339 88425 SH SOLE 88425
MORGAN STANLEY GROUP INC COM 617446109 2234 43000 SH SOLE 43000
MORTON INTL INC COM 619331101 3405 88729 SH SOLE 88729
MOTOROLA INC COM 620076109 14116 266340 SH SOLE 266340
MURPHY OIL CORP COM 626717102 1029 24000 SH SOLE 24000
MYLAN LABS INC COM 628530107 1398 66550 SH SOLE 66550
NGC CORP COM 629121104 175 13700 SH SOLE 13700
NIPSCO INDS INC COM 629140104 1594 42785 SH SOLE 42785
NALCO CHEM CO COM 629853102 1015 33000 SH SOLE 33000
NATIONAL CITY CORP COM 635405103 2241 63800 SH SOLE 63800
NATIONAL SEMICONDUCTOR CORP COM 637640103 891 64200 SH SOLE 64200
NATIONAL SVC INDS INC COM 637657107 1238 34150 SH SOLE 34150
NATIONSBANK CORP COM 638585109 10184 127100 SH SOLE 127100
<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
NEW ENGLAND ELEC SYS COM 644001109 1067 27900 SH SOLE 27900
NEW WORLD COMMUNICATIONS GROUP CL A 64927A103 553 28200 SH SOLE 28200
NEW YORK ST ELEC & GAS CORP COM 649840105 926 39400 SH SOLE 39400
NEW YORK TIMES CO CL A 650111107 1296 44700 SH SOLE 44700
NEWELL CO COM 651192106 1887 70530 SH SOLE 70530
NEWMONT MINING CORP COM 651639106 2865 50599 SH SOLE 50599
NEXTEL COMMUNICATIONS INC CL A 65332V103 1289 68300 SH SOLE 68300
NIAGARA MOHAWK PWR CORP COM 653522102 717 108300 SH SOLE 108300
NICOR INC COM 654086107 687 25700 SH SOLE 25700
NIKE INC CL B 654106103 2469 30386 SH SOLE 30386
NINE WEST GROUP INC COM 65440D102 597 13810 SH SOLE 13810
NOBLE AFFILIATES INC COM 654894104 494 15200 SH SOLE 15200
NORAM ENERGY CORP COM 655419109 661 71500 SH SOLE 71500
NORDSTROM INC COM 655664100 1097 22639 SH SOLE 22639
NORFOLK SOUTHERN CORP COM 655844108 4664 54800 SH SOLE 54800
NORTHEAST UTILS COM 664397106 1035 52400 SH SOLE 52400
NORTHN STS PWR CO MINN COM 665772109 1380 28300 SH SOLE 28300
NORTHERN TR CORP COM 665859104 1723 31900 SH SOLE 31900
NORTHROP GRUMMAN CORP COM 666807102 1222 19200 SH SOLE 19200
NORTHWEST AIRLS CORP CL A 667280101 963 18800 SH SOLE 18800
NORWEST CORP COM 669380107 5417 147413 SH SOLE 147413
NOVELL INC COM 670006105 1958 146413 SH SOLE 146413
NUCOR CORP COM 670346105 2207 37336 SH SOLE 37336
NYNEX CORP COM 670768100 9571 191905 SH SOLE 191905
OCCIDENTAL PETE CORP DEL COM 674599105 4340 162887 SH SOLE 162887
OFFICE DEPOT INC COM 676220106 1360 69300 SH SOLE 69300
OGDEN CORP COM 676346109 684 35100 SH SOLE 35100
OHIO CAS CORP COM 677240103 562 15600 SH SOLE 15600
OHIO EDISON CO COM 677347106 1749 77300 SH SOLE 77300
OKLAHOMA GAS & ELEC CO COM 678858101 1196 30000 SH SOLE 30000
OLD REP INTL CORP COM 680223104 871 26800 SH SOLE 26800
OLIN CORP COM PAR $1 680665205 1424 16367 SH SOLE 16367
ORACLE CORP COM 68389X105 7038 149350 SH SOLE 149350
ORYX ENERGY COMPANY COM 68763F100 891 64200 SH SOLE 64200
OWENS CORNING COM 69073F103 1216 30300 SH SOLE 30300
OWENS ILL INC COM NEW 690768403 1236 76626 SH SOLE 76626
OXFORD HEALTH PLANS INC COM 691471106 1764 20100 SH SOLE 20100
PECO ENERGY CO COM 693304107 2519 94600 SH SOLE 94600
PNC BK CORP COM 693475105 4763 154906 SH SOLE 154906
P P & L RES INC COM 693499105 1436 58900 SH SOLE 58900
PPG INDS INC COM 693506107 3910 79990 SH SOLE 79990
PACCAR INC COM 693718108 796 16325 SH SOLE 16325
PACIFIC ENTERPRISES COM 694232109 818 31600 SH SOLE 31600
PACIFIC GAS & ELEC CO COM 694308107 3428 152944 SH SOLE 152944
PACIFIC TELESIS GROUP COM 694890104 4964 178990 SH SOLE 178990
PACIFICARE HEALTH SYS INC CL A 695110106 369 4500 SH SOLE 4500
PACIFICARE HEALTH SYS INC CL B 695110205 938 11000 SH SOLE 11000
PACIFICORP COM 695114108 2764 133092 SH SOLE 133092
PAGING NETWORK INC COM 695542100 1465 58600 SH SOLE 58600
PAINE WEBBER GROUP INC COM 695629105 1090 49550 SH SOLE 49550
<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
PALL CORP COM 696429307 1592 62110 SH SOLE 62110
PANHANDLE EASTN CORP COM 698462108 2216 71200 SH SOLE 71200
PARAMETRIC TECHNOLOGY CORP COM 699173100 2739 70000 SH SOLE 70000
PARKER HANNIFIN CORP COM 701094104 1498 39950 SH SOLE 39950
PENNEY J C INC COM 708160106 3939 79178 SH SOLE 79178
PENNZOIL CO COM 709903108 871 21900 SH SOLE 21900
PEOPLES ENERGY CORP COM 711030106 758 23400 SH SOLE 23400
PEP BOYS MANNY MOE & JACK COM 713278109 1213 36200 SH SOLE 36200
PEPSICO INC COM 713448108 24868 393169 SH SOLE 393169
PERKIN ELMER CORP COM 714041100 2074 38311 SH SOLE 38311
PERRIGO CO COM 714290103 459 34000 SH SOLE 34000
PHARMACIA & UPJOHN INC COM 716941109 6178 154936 SH SOLE 154936
PFIZER INC COM 717081103 19881 295780 SH SOLE 295780
PHELPS DODGE CORP COM 717265102 2089 30300 SH SOLE 30300
PHILIP MORRIS COS INC COM 718154107 32902 374953 SH SOLE 374953
PHILLIPS PETE CO COM 718507106 3564 90223 SH SOLE 90223
PHYSICIAN CORP AMER COM 71940P108 394 24600 SH SOLE 24600
PINNACLE WEST CAP CORP COM 723484101 2135 73947 SH SOLE 73947
PIONEER HI BRED INTL INC COM 723686101 2094 39800 SH SOLE 39800
PITNEY BOWES INC COM 724479100 3435 70101 SH SOLE 70101
POLAROID CORP COM 731095105 783 17395 SH SOLE 17395
PORTLAND GEN CORP COM 736506106 1556 50594 SH SOLE 50594
POTLATCH CORP COM 737628107 569 13300 SH SOLE 13300
POTOMAC ELEC PWR CO COM 737679100 1662 63600 SH SOLE 63600
PRAXAIR INC COM 74005P104 2755 69100 SH SOLE 69100
PREMARK INTL INC COM 740459102 1528 28500 SH SOLE 28500
PRICE/COSTCO INC COM 74143W102 2129 113557 SH SOLE 113557
PRICE T ROWE & ASSOCIATES COM 741477103 1041 19646 SH SOLE 19646
PROCTER & GAMBLE CO COM 742718109 25143 296676 SH SOLE 296676
PROGRESSIVE CORP OHIO COM 743315103 1325 29700 SH SOLE 29700
PROMUS HOTEL CORP COM 74342H104 732 28146 SH SOLE 28146
PROVIDIAN CORP COM 744061102 3089 69219 SH SOLE 69219
PUBLIC SERVICE CO COLO COM 744448101 1709 48623 SH SOLE 48623
PUBLIC SVC ENTERPRISE GROUP COM 744573106 2228 81300 SH SOLE 81300
QUAKER OATS CO COM 747402105 1842 55200 SH SOLE 55200
QUALCOMM INC COM 747525103 1017 24500 SH SOLE 24500
QUESTAR CORP COM 748356102 716 21700 SH SOLE 21700
RJR NABISCO HOLDINGS CORP COM NEW 74960K876 3796 125496 SH SOLE 125496
RPM INC OHIO COM 749685103 460 29650 SH SOLE 29650
RALSTON PURINA CO COM RAL-PUR GP 751277302 3486 52128 SH SOLE 52128
RAYCHEM CORP DEL COM 754603108 1664 25800 SH SOLE 25800
RAYONIER INC COM 754907103 305 8420 SH SOLE 8420
RAYTHEON CO COM 755111101 5837 113901 SH SOLE 113901
READ-RITE CORP COM 755246105 409 21800 SH SOLE 21800
READERS DIGEST ASSN INC CL A NON VTG 755267101 1105 23376 SH SOLE 23376
READERS DIGEST ASSN INC CL B 755267200 716 16600 SH SOLE 16600
REEBOK INTL LTD COM 758110100 807 29000 SH SOLE 29000
REGIONS FINL CORP COM 758940100 807 18400 SH SOLE 18400
RELIASTAR FINL CORP COM 75952U103 1242 27458 SH SOLE 27458
REPUBLIC N Y CORP COM 760719104 1125 18900 SH SOLE 18900
<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
REYNOLDS METALS CO COM 761763101 1640 27737 SH SOLE 27737
RHONE POULENC RORER INC COM 76242T104 1013 16600 SH SOLE 16600
RITE AID CORP COM 767754104 1303 42200 SH SOLE 42200
ROADWAY EXPRESS INC DEL COM 769742107 148 10450 SH SOLE 10450
ROCKWELL INTL CORP COM 774347108 4130 70148 SH SOLE 70148
ROHM & HAAS CO COM 775371107 1270 19100 SH SOLE 19100
ROUSE CO COM 779273101 702 32100 SH SOLE 32100
RUBBERMAID INC COM 781088109 1858 65478 SH SOLE 65478
RUSSELL CORP COM 782352108 599 22400 SH SOLE 22400
RYDER SYS INC COM 783549108 877 32191 SH SOLE 32191
SBC COMMUNICATIONS INC COM 78387G103 13845 263087 SH SOLE 263087
SPDR TR UNIT SER 1 78462F103 904 14000 SH SOLE 14000
SAFECO CORP COM 786429100 1970 58800 SH SOLE 58800
SAFETY KLEEN CORP COM 786484105 783 54500 SH SOLE 54500
SAFEWAY INC COM NEW 786514208 2061 72300 SH SOLE 72300
ST JUDE MED INC COM 790849103 1500 40200 SH SOLE 40200
ST PAUL COS INC COM 792860108 2929 52778 SH SOLE 52778
SALOMON INC COM 79549B107 1547 41254 SH SOLE 41254
SANTA FE ENERGY RES INC COM 802012104 114 10862 SH SOLE 10862
SANTA FE PACIFIC GOLD CORP COM 802176107 333 20782 SH SOLE 20782
SARA LEE CORP COM 803111103 6448 196375 SH SOLE 196375
SCANA CORP COM 805898103 1084 39400 SH SOLE 39400
SCHERING PLOUGH CORP COM 806605101 10389 178741 SH SOLE 178741
SCHOLASTIC CORP COM 807066105 320 4659 SH SOLE 4659
SCHULMAN A INC COM 808194104 320 15150 SH SOLE 15150
SCHWAB CHARLES CORP NEW COM 808513105 964 37300 SH SOLE 37300
SCHWEITZER-MAUDUIT INTL INC COM 808541106 235 8542 SH SOLE 8542
SCIENTIFIC ATLANTA INC COM 808655104 868 48900 SH SOLE 48900
SEAGATE TECHNOLOGY COM 811804103 1982 36200 SH SOLE 36200
SEARS ROEBUCK & CO COM 812387108 9471 194276 SH SOLE 194276
SENSORMATIC ELECTRS CORP COM 817265101 788 38924 SH SOLE 38924
SERVICE CORP INTL COM 817565104 2409 49300 SH SOLE 49300
SHAW INDS INC COM 820286102 660 60000 SH SOLE 60000
SHERWIN WILLIAMS CO COM 824348106 1758 39624 SH SOLE 39624
SIGMA ALDRICH CORP COM 826552101 1716 29980 SH SOLE 29980
SIGNET BKG CORP COM 826681108 941 37814 SH SOLE 37814
SILICON GRAPHICS INC COM 827056102 1852 74062 SH SOLE 74062
SNAP ON INC COM 833034101 940 20100 SH SOLE 20100
SONAT INC COM 835415100 2081 57799 SH SOLE 57799
SONOCO PRODS CO COM 835495102 1212 44465 SH SOLE 44465
SOUTHERN CO COM 842587107 6792 284464 SH SOLE 284464
SOUTHERN NEW ENGLAND TELECOM COM 843485103 1550 38500 SH SOLE 38500
SOUTHERN PAC RAIL CORP COM 843584103 283 12028 SH SOLE 12028
SOUTHLAND CORP COM NEW 844436402 90 27300 SH SOLE 27300
SOUTHTRUST CORP COM 844730101 1260 45600 SH SOLE 45600
SOUTHWEST AIRLS CO COM 844741108 2016 67800 SH SOLE 67800
SOUTHWESTERN PUB SVC CO COM 845743103 1563 47000 SH SOLE 47000
SPRINT CORP COM 852061100 5822 153217 SH SOLE 153217
STANDARD FED BANCORPORATION COM 853386100 979 23036 SH SOLE 23036
STANLEY WKS COM 854616109 943 17139 SH SOLE 17139
<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
STAPLES INC COM 855030102 1780 87338 SH SOLE 87338
STAR BANC CORP COM 855083101 1290 20000 SH SOLE 20000
STATE ST BOSTON CORP COM 857473102 2451 49017 SH SOLE 49017
STONE CONTAINER CORP COM 861589109 613 43800 SH SOLE 43800
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 635 24300 SH SOLE 24300
STRYKER CORP COM 863667101 1284 26100 SH SOLE 26100
STUDENT LOAN MARKETING ASSN COM NEW VTG 863871505 2303 29861 SH SOLE 29861
SUMMIT BANCORP COM 866005101 1302 35200 SH SOLE 35200
SUN INC COM 866762107 1198 41500 SH SOLE 41500
SUN MICROSYSTEMS INC COM 866810104 3803 86928 SH SOLE 86928
SUNBEAM CORP COM 867071102 779 45801 SH SOLE 45801
SUNDSTRAND CORP COM 867323107 1752 43000 SH SOLE 43000
SUNTRUST BKS INC COM 867914103 3422 48890 SH SOLE 48890
SUPERIOR INDS INTL INC COM 868168105 428 17100 SH SOLE 17100
SUPERVALU INC COM 868536103 997 32300 SH SOLE 32300
SYBASE INC COM 871130100 825 35500 SH SOLE 35500
SYSCO CORP COM 871829107 3103 94391 SH SOLE 94391
TECO ENERGY INC COM 872375100 1512 60800 SH SOLE 60800
TIG HLDGS INC COM 872469101 2367 72822 SH SOLE 72822
TJX COS INC NEW COM 872540109 874 34806 SH SOLE 34806
TRW INC COM 872649108 2676 30026 SH SOLE 30026
TAMBRANDS INC COM 875080103 1138 24335 SH SOLE 24335
TANDEM COMPUTERS INC COM 875370108 548 61800 SH SOLE 61800
TANDY CORP COM 875382103 1401 30300 SH SOLE 30300
TECUMSEH PRODS CO CL B 878895101 591 10600 SH SOLE 10600
TELE COMMUNICATIONS INC NEW COM TCI GRP A 87924V101 5471 294743 SH SOLE 294743
TELE COMMUNICATIONS INC NEW COM LIB GRP A 87924V507 2408 91281 SH SOLE 91281
TELEDYNE INC COM 879335107 448 16000 SH SOLE 16000
TELEPHONE & DATA SYS INC COM 879433100 1609 34800 SH SOLE 34800
TELLABS INC COM 879664100 2041 42200 SH SOLE 42200
TEMPLE INLAND INC COM 879868107 1130 24103 SH SOLE 24103
TENET HEALTHCARE CORP COM 88033G100 1977 94151 SH SOLE 94151
TENNECO INC NEW COM 880370101 4530 81070 SH SOLE 81070
TERADYNE INC COM 880770102 730 43602 SH SOLE 43602
TEXACO INC COM 881694103 11598 135206 SH SOLE 135206
TEXAS INSTRS INC COM 882508104 4387 86234 SH SOLE 86234
TEXAS UTILS CO COM 882848104 3244 78400 SH SOLE 78400
TEXTRON INC COM 883203101 4322 54031 SH SOLE 54031
THERMO ELECTRON CORP COM 883556102 2205 36875 SH SOLE 36875
THOMAS & BETTS CORP COM 884315102 1073 14300 SH SOLE 14300
3COM CORP COM 885535104 3023 75800 SH SOLE 75800
360 COMMUNICATIONS CO COM 885571109 1225 51073 SH SOLE 51073
TIDEWATER INC COM 886423102 1098 28900 SH SOLE 28900
TIME WARNER INC COM 887315109 6045 147883 SH SOLE 147883
TIMES MIRROR CO NEW COM SER A 887364107 1559 39600 SH SOLE 39600
TIMKEN CO COM 887389104 596 12924 SH SOLE 12924
TORCHMARK CORP COM 891027104 1350 30000 SH SOLE 30000
TOSCO CORP COM NEW 891490302 524 11168 SH SOLE 11168
TOYS R US INC COM 892335100 3241 120031 SH SOLE 120031
TRANSAMERICA CORP COM 893485102 2399 32034 SH SOLE 32034
<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
TRAVELERS GROUP INC COM 894190107 11874 179916 SH SOLE 179916
TRIBUNE CO NEW COM 896047107 1238 18800 SH SOLE 18800
TRINOVA CORP COM 896678109 241 7575 SH SOLE 7575
TRITON ENERGY CORP COM 896750106 212 3800 SH SOLE 3800
TURNER BROADCASTING SYS INC CL A 900262403 719 26500 SH SOLE 26500
TURNER BROADCASTING SYS INC CL B 900262502 906 33400 SH SOLE 33400
TYCO INTERNATIONAL LTD COM 902120104 1815 50766 SH SOLE 50766
TYSON FOODS INC CL A 902494103 1076 46295 SH SOLE 46295
UAL CORP COM PAR $0.01 902549500 1731 8300 SH SOLE 8300
USX MARATHON GROUP COM NEW 902905827 2791 145009 SH SOLE 145009
UST INC COM 902911106 2963 92942 SH SOLE 92942
UNUM CORP COM 903192102 2403 40380 SH SOLE 40380
USF&G CORP COM 903290104 865 55800 SH SOLE 55800
U S G CORP COM NEW 903293405 804 31700 SH SOLE 31700
USX-U S STL COM 90337T101 1354 39100 SH SOLE 39100
U S ROBOTICS CORP COM 90338F100 1965 15200 SH SOLE 15200
UNIFI INC COM 904677101 852 34596 SH SOLE 34596
UNICOM CORP COM 904911104 3714 137568 SH SOLE 137568
UNION CAMP CORP COM 905530101 1434 28900 SH SOLE 28900
UNION CARBIDE CORP COM 905581104 3027 61000 SH SOLE 61000
UNION ELEC CO COM 906548102 1558 38000 SH SOLE 38000
UNION PAC CORP COM 907818108 7394 107738 SH SOLE 107738
UNISYS CORP COM 909214108 473 78900 SH SOLE 78900
UNITED HEALTHCARE CORP COM 910581107 4313 70125 SH SOLE 70125
U S BANCORP ORE COM 911596104 2404 70702 SH SOLE 70702
UNITED STATES CELLULAR CORP COM 911684108 876 25400 SH SOLE 25400
U S HEALTHCARE INC COM 911910107 3136 68350 SH SOLE 68350
UNITED STATES SURGICAL CORP COM 912707106 1172 35800 SH SOLE 35800
U S WEST INC COM-COMMUNCTNS 912889102 5958 184031 SH SOLE 184031
U S WEST INC COM-MEDIA GRP 912889201 3522 170747 SH SOLE 170747
UNITED TECHNOLOGIES CORP COM 913017109 7567 67416 SH SOLE 67416
UNITRIN INC COM 913275103 819 17800 SH SOLE 17800
UNOCAL CORP COM 915289102 4333 129820 SH SOLE 129820
V F CORP COM 918204108 1370 24800 SH SOLE 24800
VALERO ENERGY CORP COM 919138107 685 27800 SH SOLE 27800
VALUE HEALTH INC COM 920393105 600 21800 SH SOLE 21800
VANGUARD CELLULAR SYS INC CL A 922022108 698 34900 SH SOLE 34900
VARIAN ASSOC INC COM 922204102 1805 36187 SH SOLE 36187
VARITY CORP COM NEW 92224R602 835 19300 SH SOLE 19300
VIACOM INC CL A 925524100 2042 49800 SH SOLE 49800
VIACOM INC CL B 925524308 2835 67290 SH SOLE 67290
VIKING OFFICE PRODS COM 926913104 1163 20900 SH SOLE 20900
VULCAN MATLS CO COM 929160109 968 17100 SH SOLE 17100
WMX TECHNOLOGIES INC COM 92929Q107 7099 223600 SH SOLE 223600
WACHOVIA CORP COM 929771103 3316 74110 SH SOLE 74110
WAL MART STORES INC COM 931142103 14751 640867 SH SOLE 640867
WALGREEN CO COM 931422109 3700 113420 SH SOLE 113420
WARNER LAMBERT CO COM 934488107 5944 57573 SH SOLE 57573
WASHINGTON FED INC COM 938824109 1057 48587 SH SOLE 48587
WASHINGTON POST CO CL B 939640108 924 3100 SH SOLE 3100
<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
WELLS FARGO & CO DEL COM 949740104 5543 21221 SH SOLE 21221
WENDYS INTL INC COM 950590109 953 52600 SH SOLE 52600
WESCO FINL CORP COM 950817106 578 3400 SH SOLE 3400
WESTERN ATLAS INC COM 957674104 1338 22300 SH SOLE 22300
WESTERN RES INC COM 959425109 845 27700 SH SOLE 27700
WESTINGHOUSE ELEC CORP COM 960402105 3567 184300 SH SOLE 184300
WESTVACO CORP COM 961548104 1398 47580 SH SOLE 47580
WEYERHAEUSER CO COM 962166104 4871 105602 SH SOLE 105602
WHEELABRATOR TECH INC NEW COM PAR $0.01 962901302 570 34309 SH SOLE 34309
WHIRLPOOL CORP COM 963320106 1580 28600 SH SOLE 28600
WHITMAN CORP COM 96647K102 1164 48000 SH SOLE 48000
WILLAMETTE INDS INC COM 969133107 1801 29900 SH SOLE 29900
WILLIAMS COS INC DEL COM 969457100 2685 53300 SH SOLE 53300
WINN DIXIE STORES INC COM 974280109 1550 46100 SH SOLE 46100
WISCONSIN ENERGY CORP COM 976657106 1541 54300 SH SOLE 54300
WITCO CORP COM 977385103 1575 44677 SH SOLE 44677
WOOLWORTH CORP COM 980883102 1091 69800 SH SOLE 69800
WORLDCOM INC GA COM 98155K102 4301 93500 SH SOLE 93500
WORTHINGTON INDS INC COM 981811102 750 37750 SH SOLE 37750
WRIGLEY WM JR CO COM 982526105 2837 48400 SH SOLE 48400
XILINX INC COM 983919101 994 31300 SH SOLE 31300
XEROX CORP COM 984121103 5563 44330 SH SOLE 44330
XTRA CORP COM 984138107 274 5837 SH SOLE 5837
YORK INTL CORP NEW COM 986670107 1352 27600 SH SOLE 27600
REPORT SUMMARY 724 DATA RECORDS 2357479 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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