File No. 28-417
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT
MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Securities and Exchange Commission
Washington, D.C. 20549
Report of the Calendar Quarter or Year Ended September 30, 1999.
Name of Institutional Investment Manager:
Colonial Management Associates, Inc.
Business Address:
One Financial Center, Boston, MA 02111
Name, Phone No., and Title of Person Duly Authorized to Submit This Report:
Nancy Conlin, (617) 772-3053, Senior Vice President
ATTENTION - Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and U.S.C. 78ff(a).
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained herein is true, correct and complete. It is understood that all
required items, statements and schedules are considered 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.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of Boston and The Commonwealth of Massachusetts on the
29th day of October, 1999.
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: Nancy Conlin, Senior Vice President
Name and 13f file number of ALL Institutional Investment Managers with respect
to which this Schedule is filed (other than the one filing this report).
(List in alphabetical order.)
13f File Numbers will be assigned to Institutional Investment Managers
after they file their first report.
1. Liberty Mutual Insurance Company (13F File No. 28-33)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 625
Form 13F Information Table Value Total: $5,389,224,021
List of Other Included Manager:
No. 13F File Number Name
1 28-33 Liberty Mutual Insurance Company
<PAGE>
<TABLE>
FORM 13F REPORT
<CAPTION>
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discretion Voting Authority (Shares)
Shares or ------------------- ---------------------------
Title of CUSIP Fair Market Principal (a) (b) (c)Shd
Name of Issuer Class Number Value Amount Sole Shared Other Managers (a)Sole (b)Shared (c)None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AAR CORP COM 000361105 1,071,000 59,500 X 1 59,500
ADC TELECOMMUNICATIONS INC COM 000886101 4,906,688 117,000 X 1 117,000
AES CORP COM 00130H105 37,677,400 638,600 X 1 638,600
AMR CORP COM 001765106 8,175,000 150,000 X 1 150,000
A T & T CORP COM 001957109 54,927,450 1,262,700 X 1 1,262,700
ABBOTT LABS COM 002824100 992,250 27,000 X 1 27,000
ABERCROMBIE & FITCH CO-CL A COM 002896207 10,794,406 316,900 X 1 316,900
ACCLAIM ENMNT INC COM 004325205 922,641 121,500 X 1 121,500
ACNIELSEN CORP COM 004833109 2,586,375 114,000 X 1 114,000
ADAC LABORATORIES COM 005313200 2,135,200 217,600 X 1 217,600
ADELPHIA COMMUN 13% SERIES B PFD CV 006848303 11,400,000 100,000 X 1 100,000
ADOBE SYSTEMS INC COM 00724F101 2,973,700 26,200 X 1 26,200
ADVEST GROUP COM 007566102 1,365,100 74,800 X 1 74,800
ADVO INC COM 007585102 4,838,831 242,700 X 1 242,700
AIRBORNE FREIGHT CORP COM 009266107 1,798,738 85,400 X 1 85,400
ALBERTSONS INC COM 013104104 597,394 15,100 X 1 15,100
ALCOA INC COM 013817101 10,662,338 171,800 X 1 171,800
ALLEGHENY ENERGY IN COM COM 017361106 858,938 27,000 X 1 27,000
ALLERGAN INC COM 018490102 16,610,000 151,000 X 1 151,000
ALLIANT ENERGY CORP COM 018802108 7,890,938 285,000 X 1 285,000
ALLIANT TECHSYSTEMS INC COM 018804104 1,420,906 20,500 X 1 20,500
ALLIEDSIGNAL INC COM 019512102 17,933,300 299,200 X 1 299,200
ALLMERICA FINANCIAL CORP COM 019754100 3,143,250 66,000 X 1 66,000
ALLSTATE CORP COM 020002101 22,383,900 897,600 X 1 897,600
ALPHARMA INC COM 020813101 2,733,188 77,400 X 1 77,400
ALTERA CORPORATION COM 021441100 10,796,038 248,900 X 1 248,900
AMBAC INC COM 023139108 11,767,950 248,400 X 1 248,400
AMCOL INTERNATIONAL CORP COM 02341W103 1,793,600 121,600 X 1 121,600
AMERADA HESS CORP COM 023551104 6,125,000 100,000 X 1 100,000
AMERICA ONLINE INC COM 02364J104 8,247,200 79,300 X 1 79,300
AMERICAN EXPRESS CO COM 025816109 11,671,988 86,700 X 1 86,700
AMERICAN FINANCIAL GROUP INC COM 025932104 418,131 14,900 X 1 14,900
AMER INTERNATIONAL GROUP INC COM 026874107 28,690,766 330,016 X 1 330,016
AMERICAN WATER WORKS INC COM 030411102 2,532,031 87,500 X 1 87,500
AMERICREDIT CORP COM 03060R101 1,459,394 97,700 X 1 97,700
AMERISOURCE HEALTH CORP CL A COM 03071P102 933,288 39,400 X 1 39,400
AMES DEPT STORES INC COM 030789507 5,594,063 175,500 X 1 175,500
AMERITECH CORP COM 030954101 59,763,281 889,500 X 1 889,500
AMGEN INC COM 031162100 15,354,600 188,400 X 1 188,400
AMSOUTH BANCORPORATION COM 032165102 3,554,297 151,650 X 1 151,650
ANCHOR GAMING COM 033037102 3,320,100 55,800 X 1 55,800
ANHEUSER BUSCH INC COM 035229103 28,704,606 409,700 X 1 409,700
ANIXTER INTERNATIONAL INC COM 035290105 834,675 35,900 X 1 35,900
APPLE COMPUTER INC COM 037833100 41,817,906 660,500 X 1 660,500
APPLIED MATLS COM 038222105 34,389,600 441,600 X 1 441,600
APPLIED MICRO CIRCUITS CORP COM 03822W109 10,818,600 189,800 X 1 189,800
ARACRUZ CELULOSE SA ADR 'B COM 038496204 1,302,600 62,400 X 1 62,400
ARCHER DANIELS MIDLAND CO COM 039483102 804,923 66,045 X 1 66,045
ARKANSAS BEST CORP COM 040790107 1,080,338 87,300 X 1 87,300
ARVIN INDUSTRIES INC COM 043339100 887,906 28,700 X 1 28,700
ASHLAND INC COM 044204105 790,188 23,500 X 1 23,500
ASSOCIATED BANC-CORP COM 045487105 3,799,688 105,000 X 1 105,000
ASSOCIATED MATERIALS INC. COM 045709102 768,750 50,000 X 1 50,000
ASSOCIATES FIRST CAPITAL CORP COM 046008108 7,268,184 201,894 X 1 201,894
ASTORIA FINANCIAL CORP COM 046265104 5,910,150 192,200 X 1 192,200
ASYST TECHNOLOGIES INC COM 04648X107 5,214,000 158,000 X 1 158,000
AUDIOVOX CORP -CL A COM 050757103 572,250 32,700 X 1 32,700
AVIS RENT A CAR INC COM 053790101 3,085,325 147,800 X 1 147,800
AZURIX CORP COM 05501M104 17,187,500 1,000,000 X 1 1,000,000
THE BISYS GROUP INC COM 055472104 3,485,134 74,300 X 1 74,300
BJ SERVICES CO COM 055482103 2,917,206 91,700 X 1 91,700
BJ'S WHOLESALE CLUB INC COM 05548J106 2,876,431 97,300 X 1 97,300
BP AMOCO PLC-ADR COM 055622104 20,757,508 187,321 X 1 187,321
BMC SOFTWARE INC COM 055921100 28,183,817 393,835 X 1 393,835
BANK OF AMERICA CORP COM 060505104 14,742,375 264,734 X 1 264,734
BANK ONE COM 06423A103 11,004,231 316,100 X 1 316,100
BANK UNITED CORP CL A COM 065412108 2,331,000 72,000 X 1 72,000
C R BARD INC COM 067383109 338,100 6,900 X 1 6,900
BARNES GROUP INC COM 067806109 3,902,156 194,500 X 1 194,500
BARRICK GOLD CORP COM 067901108 700,350 32,200 X 1 32,200
BARR LABORATORIES INC COM 068306109 1,371,600 43,200 X 1 43,200
BAXTER INTERNATIONAL INC COM 071813109 3,114,925 51,700 X 1 51,700
BEAR STEARNS COMPANIES INC COM 073902108 10,694,965 278,243 X 1 278,243
BELL AND HOWELL COMPANY COM 077852101 1,658,275 45,200 X 1 45,200
BELL ATLANTIC CORP COM 077853109 68,987,100 1,024,878 X 1 1,024,878
BELLSOUTH CORP COM 079860102 59,314,500 1,318,100 X 1 1,318,100
BERGEN BRUNSWIG CORP CL A COM 083739102 1,504,375 145,000 X 1 145,000
BEST BUY INC COM 086516101 28,350,150 456,800 X 1 456,800
BESTFOODS COM 08658U101 921,500 19,000 X 1 19,000
BINDLEY WESTERN INDUSTRIES INC COM 090324104 1,260,445 88,066 X 1 88,066
BIOGEN INC COM 090597105 17,795,863 225,800 X 1 225,800
BIOMET INC COM 090613100 5,654,556 214,900 X 1 214,900
BLACK & DECKER CORP COM 091797100 10,535,538 230,600 X 1 230,600
H R BLOCK INC COM 093671105 9,591,000 220,800 X 1 220,800
BOEING CO COM 097023105 23,409,650 549,200 X 1 549,200
BOISE CASCADE CORP COM 097383103 3,017,025 82,800 X 1 82,800
BRIGHTPOINT INC COM 109473108 1,243,638 170,800 X 1 170,800
BRINKER INTERNATIONAL INC COM 109641100 15,369,025 566,600 X 1 566,600
BRISTOL-MYERS SQUIBB CO COM 110122108 51,630,750 764,900 X 1 764,900
BRUNSWICK CORP COM 117043109 6,353,075 255,400 X 1 255,400
BURLINGTON RESOURCES INC COM 122014103 3,858,750 105,000 X 1 105,000
CEC ENTERTAINMENT INC COM 125137109 10,877,300 303,200 X 1 303,200
CIGNA CORP COM 125509109 20,347,175 261,700 X 1 261,700
CK WITCO CORPORATION COM 12562C108 207,268 14,233 X 1 14,233
CMP GROUP INC COM 125887109 5,615,238 212,900 X 1 212,900
CMS ENERGY CORP COM 125896100 1,581,488 46,600 X 1 46,600
CNF TRANSPORTATION INC COM 12612W104 14,371,050 385,800 X 1 385,800
CVS CORP COM 126650100 4,873,013 119,400 X 1 119,400
CALTON INC COM 131380206 422,750 356,000 X 1 356,000
CANADIAN NATL RAILWAY CO COM 136375102 8,093,438 267,000 X 1 267,000
CANANDAIGUA WINE CO CL A COM 137219200 7,594,225 127,100 X 1 127,100
CAPITAL ONE FINANCIAL CORP COM 14040H105 2,223,000 57,000 X 1 57,000
CARLISLE COS INC COM 142339100 2,125,100 53,800 X 1 53,800
CENTEX CORP COM 152312104 1,117,463 37,800 X 1 37,800
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 801,900 21,600 X 1 21,600
CENTRAL & SOUTH WEST CORP COM 152357109 1,554,800 73,600 X 1 73,600
CENTURYTEL INC COM 156700106 10,852,969 267,150 X 1 267,150
CHARTER ONE FIN INC COM 160903100 7,009,511 303,114 X 1 303,114
CHASE MANHATTAN CORP (NEW) COM 16161A108 45,760,163 607,100 X 1 607,100
CHATTEM INC COM 162456107 820,725 37,200 X 1 37,200
CHEVRON CORP COM 166751107 19,072,375 214,900 X 1 214,900
CHICAGO TITLE CORP COM 168228104 1,805,175 45,200 X 1 45,200
CHIRON CORP COM 170040109 7,198,750 260,000 X 1 260,000
CHRIS-CRAFT INDUSTIRES INC COM 170520100 2,800,638 49,900 X 1 49,900
CHURCH & DWIGHT CO COM 171340102 1,860,000 74,400 X 1 74,400
CINCINNATI BELL INC COM 171870108 13,407,988 689,800 X 1 689,800
CIRCLE INTERNATIONAL COM 172574105 1,657,481 81,100 X 1 81,100
CISCO SYSTEMS INC COM 17275R102 65,785,719 959,500 X 1 959,500
CITIGROUP INC COM 172967101 37,829,000 859,750 X 1 859,750
CITIZENS UTILITIES 5% CONV PRF PFD CV 177351202 4,975,000 100,000 X 1 100,000
CITRIX SYS INC COM 177376100 9,724,188 157,000 X 1 157,000
CITY NATIONAL CORP COM 178566105 6,504,413 193,800 X 1 193,800
CLOROX CO COM 189054109 2,623,950 68,600 X 1 68,600
COASTAL CORP COM 190441105 40,266,125 983,600 X 1 983,600
COCA COLA CO COM 191216100 9,079,006 188,900 X 1 188,900
COFLEXIP-SPONSORED ADR COM 192384105 1,274,925 26,700 X 1 26,700
COHO ENERGY INC COM 192481109 16,875 30,000 X 1 30,000
COLORADO MEDTECH COM 19652U104 2,272,463 157,400 X 1 157,400
COLT TELECOM GROUP-SPONS ADR COM 196877104 2,926,000 30,400 X 1 30,400
COLUMBIA ENERGY GROUP COM 197648108 5,340,919 96,450 X 1 96,450
COLUMBIA HEALTHCARE CORP COM 197677107 722,494 34,100 X 1 34,100
COMAIR INC COM 199789108 5,146,091 308,380 X 1 308,380
COMCAST CORP-SPECIAL CL A COM 200300200 11,180,950 280,400 X 1 280,400
COMMSCOPE INC COM 203372107 1,469,000 45,200 X 1 45,200
COMMUNITY BANK SYSTEM INC COM 203607106 1,491,938 54,500 X 1 54,500
COMMUNITY FIRST BANKSHARES COM 203902101 2,750,625 163,000 X 1 163,000
COMPUTER TASK GROUP INC COM 205477102 238,950 16,200 X 1 16,200
COMPUWARE CORP COM 205638109 21,045,469 807,500 X 1 807,500
COMVERSE TECH COM 205862402 18,612,572 197,350 X 1 197,350
CONAGRA INC COM 205887102 676,875 30,000 X 1 30,000
CONCENTRIC NETWRK 13.5% PIK PF PFD CV 20589R305 3,244,394 3,527 X 1 3,527
COMPUTER HORIZONS CORP COM 205908106 468,488 40,300 X 1 40,300
CONECTIV INC COM 206829103 2,855,438 145,500 X 1 145,500
CONOCO INC -CL B COM 208251405 1,472,604 53,794 X 1 53,794
CONVERGYS CORP COM 212485106 4,017,975 202,800 X 1 202,800
CORDANT TECHNOLOGIES INC COM 218412104 6,714,513 220,600 X 1 220,600
CORN PRODUCTS INTL INC COM 219023108 2,136,713 70,200 X 1 70,200
CORNING INCORPORATED COM 219350105 22,454,219 327,500 X 1 327,500
COUNTRYWIDE CREDIT INDUSTRIES COM 222372104 1,999,500 62,000 X 1 62,000
COVENTRY HEALTH CARE INC COM 222862104 1,028,850 108,300 X 1 108,300
CULLEN/FROST BANKERS INC COM 229899109 1,730,000 69,200 X 1 69,200
CURATIVE HEALTH SERVICES INC COM 231264102 890,150 187,400 X 1 187,400
DPL INC COM 233293109 14,100,000 800,000 X 1 800,000
DSP GROUP INC COM 23332B106 6,372,025 159,800 X 1 159,800
DTE ENERGY CO COM 233331107 14,450,000 400,000 X 1 400,000
DALLAS SEMICONDUCTOR CORP COM 235204104 1,822,219 34,100 X 1 34,100
DANA CORP COM 235811106 1,763,438 47,500 X 1 47,500
DARDEN RESTURANTS INC COM 237194105 11,653,381 595,700 X 1 595,700
DARLING INTERNATIONAL INC COM 237266101 181,781 132,204 X 1 132,204
DAYTON HUDSON CORP COM 239753106 28,367,519 472,300 X 1 472,300
DEERE & CO COM 244199105 483,594 12,500 X 1 12,500
DELL COMPUTER CORPORATION COM 247025109 9,236,381 220,900 X 1 220,900
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,884,717 117,336 X 1 117,336
DELPHI FINANCIAL GROUP CLASS A COM 247131105 3,051,020 101,069 X 1 101,069
DELTA AIR LINES INC COM 247361108 16,591,850 342,100 X 1 342,100
DELUXE CORP COM 248019101 3,400,000 100,000 X 1 100,000
DENDRITE INTERNATIONAL INC COM 248239105 2,858,625 60,500 X 1 60,500
DEXTER CORP COM 252165105 4,052,138 108,600 X 1 108,600
DIAMOND OFFSHORE DRILLING COM 25271C102 4,959,525 148,600 X 1 148,600
DIEBOLD INC COM 253651103 2,417,719 104,550 X 1 104,550
DILLARDS INC CL-A COM 254067101 664,219 32,700 X 1 32,700
DIME BANCORP INC. NEW COM 25429Q102 3,573,500 204,200 X 1 204,200
DR PEPPER BOTTLING CO OF TX A COM 25612T103 1,000,000 40,000 X 1 40,000
DOMINION RESOURCES INC COM 257470104 5,866,250 130,000 X 1 130,000
DOW CHEMICAL CO COM 260543103 24,667,988 217,100 X 1 217,100
DOWNEY FINL CP COM 261018105 3,256,225 161,800 X 1 161,800
EI DUPONT DE NEMOURS & CO INC COM 263534109 1,556,077 25,562 X 1 25,562
DUKE ENERGY COM 264399106 20,396,250 370,000 X 1 370,000
DURA PHARMACEUTICALS INC COM 26632S109 1,853,688 133,000 X 1 133,000
DYCOM INDUSTRIES INC COM 267475101 3,185,156 75,500 X 1 75,500
ELECTRIC DE PORTUGAL-SP ADR COM 268353109 853,650 27,100 X 1 27,100
E G & G INC COM 268457108 2,508,188 63,000 X 1 63,000
EMC CORP COM 268648102 32,039,719 448,500 X 1 448,500
EASTMAN KODAK CO COM 277461109 882,619 11,700 X 1 11,700
ECHOSTAR COMMUNICATIONS CL A COM 278762109 14,984,063 165,000 X 1 165,000
ECOLAB INC COM 278865100 1,412,775 41,400 X 1 41,400
EDISON INTERNATIONAL COM 281020107 43,920,531 1,806,500 X 1 1,806,500
EDWARDS (A.G.), INC COM 281760108 15,350,250 582,000 X 1 582,000
EL PASO ENERGY CORP COM 283905107 17,533,425 440,400 X 1 440,400
ELECTRONIC DATA SYSTEMS CORP COM 285661104 815,238 15,400 X 1 15,400
ELECTRONISC FOR IMAGING COM 286082102 2,667,984 51,900 X 1 51,900
EMBRATEL PARTICIPACOES ADR COM 29081N100 141,825 12,400 X 1 12,400
ENCORE WIRE CORP COM 292562105 1,044,906 115,300 X 1 115,300
ENERGEN CORP COM 29265N108 1,871,100 92,400 X 1 92,400
ENERGY EAST CORPORATION COM 29266M109 5,334,250 224,600 X 1 224,600
ENGELHARD CORPORATION COM 292845104 2,755,406 151,500 X 1 151,500
ENHANCE FINANCIAL SVCS GROUP COM 293310108 3,564,031 201,500 X 1 201,500
ENRON CORP COM 293561106 58,910,115 1,428,124 X 1 1,428,124
ENTERGY CORP COM 29364G103 26,553,050 917,600 X 1 917,600
ERICSSON (LM) TEL ADR COM 294821400 1,731,250 55,400 X 1 55,400
ESTERLINE TECHNOLOGIES CORP COM 297425100 1,387,575 88,100 X 1 88,100
ETHAN ALLEN INTERIORS INC COM 297602104 6,205,028 195,050 X 1 195,050
EXXON CORP COM 302290101 30,762,281 405,100 X 1 405,100
FPL GROUP INC COM 302571104 42,712,963 847,900 X 1 847,900
FREDDIE MAC COM 313400301 7,108,400 136,700 X 1 136,700
FANNIE MAE COM 313586109 8,619,531 137,500 X 1 137,500
FEDERATED DEPT STORES INC NEW COM 31410H101 14,285,813 327,000 X 1 327,000
FIDELITY NATIONAL FINL INC COM 316326107 2,068,538 136,200 X 1 136,200
FINOVA GROUP INC COM 317928109 5,737,800 157,200 X 1 157,200
FIRST AMER. FINANCIAL COM 318522307 936,250 70,000 X 1 70,000
FIRST AMERICAN CORP-TENN COM 318900107 3,455,725 80,600 X 1 80,600
FIRST FEDERAL CAPITAL CORP COM 319960100 1,650,750 106,500 X 1 106,500
FIRST DATA CORP COM 319963104 644,963 14,700 X 1 14,700
FIRST TENNESSEE NATL CORP COM 337162101 2,168,438 77,100 X 1 77,100
FIRST UNION CORP COM 337358105 4,828,613 135,778 X 1 135,778
FIRSTFED FINANCIAL CORP COM 337907109 3,342,950 192,400 X 1 192,400
FIRSTENERGY CORP COM 337932107 14,025,000 550,000 X 1 550,000
FLEET FINANCIAL GROUP, INC. COM 338915101 18,532,250 506,000 X 1 506,000
FLORIDA PROGRESS CORP COM 341109106 3,713,875 80,300 X 1 80,300
FLOWERS INDUSTRIES INC COM 343496105 1,356,250 100,000 X 1 100,000
FOODMAKER INC COM 344839204 6,002,456 240,700 X 1 240,700
FORD MOTOR CO COM 345370100 32,135,056 640,300 X 1 640,300
FOREST OIL CORP COM 346091606 280,354 16,431 X 1 16,431
FORT JAMES CORP COM 347471104 2,479,269 92,900 X 1 92,900
FORTUNE BRANDS INC COM 349631101 6,704,775 207,900 X 1 207,900
FOSSIL INC COM 349882100 6,567,392 242,675 X 1 242,675
FREMONT GENERAL CORP COM 357288109 5,487,200 577,600 X 1 577,600
FURNITURE BRANDS INTL INC COM 360921100 13,897,406 705,900 X 1 705,900
GPU INC COM 36225X100 2,296,613 67,300 X 1 67,300
GTE CORP COM 362320103 73,484,813 955,900 X 1 955,900
GEHL CO COM 368483103 2,055,450 115,800 X 1 115,800
GENERAL DYNAMICS CORP COM 369550108 2,291,456 36,700 X 1 36,700
GENERAL ELECTRIC CO COM 369604103 62,043,756 523,300 X 1 523,300
GENERAL MILLS INC COM 370334104 17,393,200 214,400 X 1 214,400
GENERAL MOTORS CORP COM 370442105 673,431 10,700 X 1 10,700
GENESCO INC COM 371532102 1,670,000 133,600 X 1 133,600
GEON COMPANY COM 37246W105 1,372,475 53,300 X 1 53,300
GEORGIA PACIFIC CORP COM 373298108 22,299,300 550,600 X 1 550,600
GOLDEN STATE BANCORP COM 381197102 1,104,950 61,600 X 1 61,600
GOLDEN STATE BANCORP-LITIG WT COM 381197136 184,063 155,000 X 1 155,000
B F GOODRICH CO COM 382388106 10,147,100 349,900 X 1 349,900
W R GRACE & CO COM 38388F108 3,035,813 189,000 X 1 189,000
GRANITE CONSTRUCTION INC COM 387328107 4,420,200 169,600 X 1 169,600
GREENPOINT FINANCIAL CORP COM 395384100 11,793,750 444,000 X 1 444,000
GRUPO TELEVISA SA-SPONS GDR COM 40049J206 2,719,744 68,100 X 1 68,100
GULF CANADA RES LTD COM 40218L305 628,125 150,000 X 1 150,000
HAMBRECHT & QUIST GROUP COM 406545103 3,420,731 69,900 X 1 69,900
HANDLEMAN CO COM 410252100 964,600 72,800 X 1 72,800
HARLEY DAVIDSON COM 412822108 3,704,625 74,000 X 1 74,000
HARMAN INTERNATIONAL INC NEW COM 413086109 1,661,469 39,500 X 1 39,500
HARRAH'S ENTERTAINMENT INC COM 413619107 3,712,950 133,800 X 1 133,800
HARTFORD LIFE CL A COM 416592103 3,541,075 71,900 X 1 71,900
HEALTHSOUTH CORP COM 421924101 6,030,369 994,700 X 1 994,700
HEALTH MGMT SYSTEMS INC COM 42219M100 836,000 176,000 X 1 176,000
HENRY JACK & ASSOCIATES COM 426281101 2,098,050 56,800 X 1 56,800
HERTZ CORP-CL A COM 428040109 3,828,000 87,000 X 1 87,000
HEWLETT-PACKARD CO COM 428236103 19,384,400 210,700 X 1 210,700
HIBERNIA CORP COM 428656102 1,474,050 126,800 X 1 126,800
HONEYWELL INC COM 438506107 10,485,638 94,200 X 1 94,200
HOOPER HOLMES INC COM 439104100 4,727,813 184,500 X 1 184,500
HORMEL FOODS CORP COM 440452100 2,838,169 68,700 X 1 68,700
HOUSEHOLD INTERNATIONAL INC COM 441815107 6,817,238 169,900 X 1 169,900
HUDSON UNITED BANCORP COM 444165104 1,688,525 54,800 X 1 54,800
INDIAN PETROCHEMICALS-SP GDR COM 446095SDL 148,915 15,800 X 1 15,800
HYPERION SOLUTIONS CORP COM 44914M104 2,442,110 111,005 X 1 111,005
IBP INC COM 449223106 1,807,125 73,200 X 1 73,200
IMC GLOBAL INC COM 449669100 1,405,281 96,500 X 1 96,500
IDEXX LABS INC COM 45168D104 1,072,728 62,300 X 1 62,300
IMATION CORP COM 45245A107 1,723,600 55,600 X 1 55,600
INACOM CORP COM 45323G109 1,126,388 122,600 X 1 122,600
INCO LTD COM 453258402 5,592,840 133,800 X 1 133,800
INGERSOLL RAND CO COM 456866102 14,536,463 264,600 X 1 264,600
INNOVEX INC COM 457647105 1,175,400 130,600 X 1 130,600
INTEL CORP COM 458140100 51,825,538 697,400 X 1 697,400
INTERDIGITAL COM CORP COM 45866A105 1,093,400 198,800 X 1 198,800
INTERIM SERVICES INC COM 45868P100 1,694,813 103,500 X 1 103,500
INTL BUSINESS MACHINES CORP COM 459200101 81,175,600 668,800 X 1 668,800
INTERNATIONAL PAPER CO COM 460146103 682,488 14,200 X 1 14,200
INTL SPECIALTY PRODUCTS INC COM 460337108 2,037,188 205,000 X 1 205,000
INTERSTATE BAKERIES COM 46072H108 5,214,100 226,700 X 1 226,700
IRISH INVESTMENT FUND COM 462710104 1,912,500 120,000 X 1 120,000
ISLE OF CAPRI CASINOS COM 464592104 3,228,000 322,800 X 1 322,800
IVAX CORP COM 465823102 1,747,350 105,900 X 1 105,900
JACOBS ENGINEERING GROUP INC COM 469814107 3,799,250 116,900 X 1 116,900
JOHNSON & JOHNSON COM 478160104 14,975,625 163,000 X 1 163,000
JOHNSON CONTROLS INC COM 478366107 6,631,250 100,000 X 1 100,000
JONES PHARMA INC COM 480236108 2,881,469 87,400 X 1 87,400
KLM ROYAL DUTCH AIRLINES NY SH COM 482516101 209,138 8,005 X 1 8,005
K MART CORP COM 482584109 10,230,069 875,300 X 1 875,300
K N ENERGY INC COM 482620101 3,290,459 146,650 X 1 146,650
K N ENERGY INC 8.25% PREFD PFD CV 482620507 13,687,500 375,000 X 1 375,000
K-SWISS CLASS A COM 482686102 1,230,938 39,000 X 1 39,000
KAYDON CORP COM 486587108 1,159,175 46,600 X 1 46,600
KELLOGG CO COM 487836108 2,875,200 76,800 X 1 76,800
KELLWOOD CO COM 488044108 1,749,000 79,500 X 1 79,500
KENDLE INTERNATIONAL COM 48880L107 590,550 74,400 X 1 74,400
KERR MCGEE CORP COM 492386107 2,929,325 53,200 X 1 53,200
KIMBERLY CLARK CORP COM 494368103 14,904,750 283,900 X 1 283,900
KINDER MORGAN ENERGY PRTNRS COM 494550106 4,283,606 98,900 X 1 98,900
KOLLMORGEN SUB DEB CONV S D CV 500440AA0 502,000 502,000 X 1 502,000
KONINKLIJKE PHILIPS ELECTRONIC COM 500472204 2,198,568 21,768 X 1 21,768
KOOR INDUSTRIES LTD-SPON ADR COM 500507108 226,688 13,000 X 1 13,000
KOREA ELECTRIC POWER ADR COM 500631106 987,844 61,500 X 1 61,500
KOREA FUND COM 500634100 1,283,888 102,200 X 1 102,200
KOREA TELECOM CORP-SP ADR COM 50063P103 1,705,700 46,100 X 1 46,100
KROGER CO COM 501044101 15,712,913 712,200 X 1 712,200
KRONOS INC COM 501052104 1,218,025 33,200 X 1 33,200
KUALA HEALTHCARE INC COM 501157101 121,458 176,666 X 1 176,666
LG&E ENERGY CORP COM 501917108 2,724,250 128,200 X 1 128,200
LAFARGE CORP COM 505862102 2,505,750 78,000 X 1 78,000
LANDAMERICA COM 514936103 1,897,975 96,100 X 1 96,100
LEAR CORP COM 521865105 8,941,144 254,100 X 1 254,100
LEGGETT & PLATT INC COM 524660107 1,728,563 87,800 X 1 87,800
LEHMAN BROTHERS HLDG INC COM 524908100 6,694,275 114,800 X 1 114,800
LENNAR CORP COM 526057104 1,056,656 66,300 X 1 66,300
LEXMARK INTL COM 529771107 13,958,700 173,400 X 1 173,400
LIBERTY PROPERTY TRUST COM 531172104 1,644,844 72,500 X 1 72,500
ELI LILLY & CO COM 532457108 21,248,000 332,000 X 1 332,000
LINCARE HOLDINGS INC COM 532791100 7,474,413 280,400 X 1 280,400
LINEAR TECHNOLOGY CORP COM 535678106 9,757,688 166,000 X 1 166,000
LIPOSOME COMPANY INC COM 536310105 974,761 128,100 X 1 128,100
LITHIA MOTORS INC-CL A COM 536797103 380,763 16,600 X 1 16,600
LIZ CLAIBORNE INC COM 539320101 347,200 11,200 X 1 11,200
LOCKHEED MARTIN CORP COM 539830109 5,344,406 163,500 X 1 163,500
LOEWS CORP COM 540424108 10,170,169 144,900 X 1 144,900
LONE STAR INDUSTRIES COM 542290408 5,950,088 119,300 X 1 119,300
LOWES COMPANIES INC COM 548661107 10,773,750 221,000 X 1 221,000
LUBRIZOL CORP COM 549271104 2,396,644 93,300 X 1 93,300
LUCENT TECHNOLOGIES INC COM 549463107 51,951,900 800,800 X 1 800,800
MBIA INC COM 55262C100 419,625 9,000 X 1 9,000
MBNA CORP COM 55262L100 2,655,375 116,400 X 1 116,400
MCN ENERGY GROUP INC COM 55267J100 14,781,250 860,000 X 1 860,000
MCI WORLDCOM INC COM 55268B106 85,757,728 1,193,151 X 1 1,193,151
MDU RESOURCES GROUP COM 552690109 5,906,250 262,500 X 1 262,500
MGIC INV CORP COM 552848103 3,323,400 69,600 X 1 69,600
MACLEOD-STEDMAN COM 55477D109 4,250 425,000 X 1 425,000
MACROMEDIA INC COM 556100105 3,858,600 94,400 X 1 94,400
MAGNA INTERNATIONAL INC-CL COM 559222401 447,188 9,000 X 1 9,000
MANITOWOC INC COM 563571108 6,644,138 194,700 X 1 194,700
MANPOWER COM 56418H100 655,313 22,500 X 1 22,500
MARSH & MCLENNAN CO INC COM 571748102 4,877,200 71,200 X 1 71,200
MATTEL INC COM 577081102 777,100 40,900 X 1 40,900
MAXIM INTEGRATED SERVICES COM 57772K101 11,167,594 177,000 X 1 177,000
MAXXIM MEDICAL INC COM 57777G105 1,682,806 70,300 X 1 70,300
MAYTAG CORP COM 578592107 13,344,988 400,600 X 1 400,600
MCCLATCHY COMPANY COM 579489105 3,646,500 102,000 X 1 102,000
MCCORMICK & CO COM 579780206 3,200,450 96,800 X 1 96,800
MCKESSON HBOC INC COM 58155Q103 765,600 26,400 X 1 26,400
MCLEODUSA INC-SER A CUM PFD COM 582266201 31,600,000 80,000 X 1 80,000
MEDICIS PHARMACEUTICAL CL A COM 584690309 6,887,025 241,650 X 1 241,650
MEMBERWORKS INC COM 586002107 1,935,750 58,000 X 1 58,000
MERCK & CO INC COM 589331107 37,792,169 583,100 X 1 583,100
MERITOR AUTOMOTIVE INC COM 59000G100 1,269,200 60,800 X 1 60,800
MERRILL LYNCH & CO INC COM 590188108 12,120,625 180,400 X 1 180,400
METAMOR WORLDWIDE INC COM 59133P100 2,014,625 113,500 X 1 113,500
METRIS COMPANIES INC COM 591598107 5,104,463 173,400 X 1 173,400
METROCALL INC COM 591647102 125,000 100,000 X 1 100,000
MICHAEL FOODS INC COM 594079105 1,576,875 60,000 X 1 60,000
MICROSOFT CORP COM 594918104 75,293,663 831,400 X 1 831,400
MICRON TECHNOLOGY INCORPORATED COM 595112103 8,293,688 124,600 X 1 124,600
MIDAS INC COM 595626102 950,813 46,100 X 1 46,100
MIDAMERICAN ENERGY HLDGS CO COM 59562V107 5,230,350 177,300 X 1 177,300
MILACRON INC COM 598709103 1,544,250 87,000 X 1 87,000
MILLER HERMAN INC COM 600544100 18,405,422 769,900 X 1 769,900
MINNESOTA MINING & MFG CO COM 604059105 951,019 9,900 X 1 9,900
MINNESOTA POWER INC COM 604110106 5,180,938 295,000 X 1 295,000
MOBIL CORP COM 607059102 29,650,725 294,300 X 1 294,300
MOHAWK INDUSTRIES INC COM 608190104 1,595,000 80,000 X 1 80,000
J P MORGAN & CO INC COM 616880100 9,368,500 82,000 X 1 82,000
MORGAN STANLEY DEAN WITTER COM 617446448 20,575,556 230,700 X 1 230,700
MORGAN STANLEY DEAN WITTER COM 61744G107 601,700 54,700 X 1 54,700
MOTOROLA INC COM 620076109 21,718,400 246,800 X 1 246,800
MUELLER INDUSTRIES INC COM 624756102 8,303,594 279,700 X 1 279,700
MUSICLAND STORES CORP COM 62758B109 1,484,875 169,700 X 1 169,700
MYLAN LABORATORIES, INC COM 628530107 3,498,600 190,400 X 1 190,400
NVR INC COM 62944T105 7,231,600 143,200 X 1 143,200
NACCO INDUSTRIES INC CL A COM 629579103 2,473,575 35,400 X 1 35,400
NATIONAL COMPUTER SYS INC COM 635519101 2,776,088 72,400 X 1 72,400
NBCMT 1993-2 B S D CV 638586AB3 970,898 1,000,000 X 1,000,000
NATIONWIDE FINANCIAL SERV A COM 638612101 9,250,563 261,500 X 1 261,500
NAUTICA COM 639089101 3,876,450 240,400 X 1 240,400
NAVISTAR INTERNATIONAL COM 63934E108 11,890,050 255,700 X 1 255,700
NEOPHARM INC COM 640919106 598,850 40,600 X 1 40,600
JAPAN OTC FUND INC COM 647305SDL 470,000 250 X 1 250
NEW YORK TIMES CO CLASS A COM 650111107 3,993,750 106,500 X 1 106,500
NEWELL RUBBERMAID INC COM 651229106 831,169 29,100 X 1 29,100
NEXTEL COMMUNICATIONS CL A COM 65332V103 4,231,025 62,393 X 1 62,393
NEXTEL COMMUN 11.125% PIK PFD PFD CV 65332V707 24,665,400 25,560 X 1 25,560
NEXTEL COMMUN 11.125% PIK PFD PFD CV 65332V707 807,357 837 X 837
NICOR INC COM 654086107 2,889,469 77,700 X 1 77,700
NISOURCE INC COM 65473P105 4,732,538 213,900 X 1 213,900
NOKIA CORP ADR A COM 654902204 2,532,713 28,200 X 1 28,200
NOBLE DRILLING CORP COM 655042109 3,416,875 156,200 X 1 156,200
NORDSTROM INC COM 655664100 645,300 23,900 X 1 23,900
NORTEK INC. COM 656559101 2,187,413 64,100 X 1 64,100
NORTH FORK BANCORPORATION COM 659424105 5,506,800 282,400 X 1 282,400
NOVELLUS SYSTEMS INC COM 670008101 4,808,294 71,300 X 1 71,300
NUCOR CORP COM 670346105 452,438 9,500 X 1 9,500
OGE ENERGY CORP COM 670837103 2,113,750 95,000 X 1 95,000
OAKWOOD HOMES CORP COM 674098108 527,850 117,300 X 1 117,300
OFFICE DEPOT INC COM 676220106 7,191,356 705,900 X 1 705,900
OLD REPUBLIC INTL CORP COM 680223104 4,826,817 334,325 X 1 334,325
OMNICOM GROUP COM 681919106 32,039,263 404,600 X 1 404,600
OPTICAL COATING LABORATORY COM 683829105 1,841,250 20,000 X 1 20,000
ORACLE CORP COM 68389X105 14,537,250 319,500 X 1 319,500
ORION CAPITAL CORP COM 686268103 2,482,450 52,400 X 1 52,400
OSHKOSH TRUCK CORP COM 688239201 879,956 33,050 X 1 33,050
OSTEOTECH INC COM 688582105 2,736,581 200,850 X 1 200,850
OWENS & MINOR INC HLDG CO COM 690732102 1,607,375 167,000 X 1 167,000
PECO ENERGY CO COM 693304107 277,500 7,400 X 1 7,400
P G & E CORP COM 69331C108 284,625 11,000 X 1 11,000
PMI GROUP INC COM 69344M101 2,722,275 66,600 X 1 66,600
PRI AUTOMATION INC COM 69357H106 5,552,413 153,700 X 1 153,700
PSC INC COM 69361E107 1,430,400 178,800 X 1 178,800
PACIFIC CENTURY FINL CORP COM 694058108 549,769 26,900 X 1 26,900
PACIFICARE HEALTH SYSTEMS - A COM 695112102 1,907,325 44,100 X 1 44,100
PAINE WEBBER GROUP INC COM 695629105 16,830,875 464,300 X 1 464,300
PARK ELECTROCHEMICAL CORP COM 700416209 5,736,688 174,500 X 1 174,500
PARKER DRILLING CO COM 701081101 443,750 100,000 X 1 100,000
PATTERSON DENTAL CO COM 703412106 9,488,741 191,450 X 1 191,450
PAYCHEX INC COM 704326107 5,194,235 152,212 X 1 152,212
PENTAIR INC COM 709631105 1,849,763 46,100 X 1 46,100
PEOPLES HERITAGE FINL GRP INC COM 711147108 6,315,006 379,850 X 1 379,850
PEPSI BOTTLING GROUP COM 713409100 677,381 39,700 X 1 39,700
PEPSICO INC COM 713448108 6,198,225 204,900 X 1 204,900
PETROLEUM GEO SERVICES ADR COM 716597109 14,049,063 737,000 X 1 737,000
PHARMACIA & UPJOHN INC COM 716941109 3,597,813 72,500 X 1 72,500
PFIZER INC COM 717081103 21,289,375 592,400 X 1 592,400
PHILIP MORRIS CO INC COM 718154107 21,565,475 630,800 X 1 630,800
PHILLIPS PETROLEUM CO COM 718507106 9,862,125 202,300 X 1 202,300
PIEDMONT NATURAL GAS CO INC COM 720186105 3,943,656 130,100 X 1 130,100
PINNACLE WEST CAPITAL CORP COM 723484101 15,812,213 434,700 X 1 434,700
PIONEER NATURAL RESOURCES CO COM 723787107 160,544 15,110 X 1 15,110
PLEXUS CORP COM 729132100 4,949,000 161,600 X 1 161,600
POHANG IRON AND STEEL ADR COM 730450103 573,019 18,300 X 1 18,300
POOL ENERGY SERVICES CO COM 732788104 1,484,888 60,300 X 1 60,300
PORTUGAL TELECOM ADR COM 737273102 1,260,031 30,500 X 1 30,500
POTASH CORP SASKATCHEWAN COM 73755L107 836,325 16,200 X 1 16,200
POTOMAC ELECTRIC POWER CO COM 737679100 3,553,619 139,700 X 1 139,700
POWER INTEGRATIONS INC COM 739276103 1,620,450 23,400 X 1 23,400
PRECISION CASTPARTS CORP COM 740189105 472,750 15,500 X 1 15,500
PREMARK INTERNATIONAL INC COM 740459102 2,464,400 48,800 X 1 48,800
PRICE COMMUNICATIONS CORP COM 741437305 21,276,890 848,953 X 1 848,953
PRIDE PETROLEUM INTERNATIONAL COM 741932107 4,313,000 304,000 X 1 304,000
PROCTER & GAMBLE CO COM 742718109 43,715,625 466,300 X 1 466,300
PROGRESS SOFTWARE CORP COM 743312100 3,981,488 126,900 X 1 126,900
PROLOGIS TRUST COM 743410102 16,053,188 850,500 X 1 850,500
PROTECTIVE LIFE CORP COM 743674103 1,351,400 46,600 X 1 46,600
PROVIDIAN FINANCIAL CORP COM 74406A102 2,716,131 34,300 X 1 34,300
PUBLIC SERVICE CO NEW MEX COM 744499104 10,001,000 548,000 X 1 548,000
PUBLIC SERVICE ENTER GROUP INC COM 744573106 3,862,500 100,000 X 1 100,000
PUGET SOUND ENERGY INC COM 745332106 1,525,750 68,000 X 1 68,000
QLOGIC CORP COM 747277101 5,464,225 78,200 X 1 78,200
QUAKER OATS CO COM 747402105 19,806,188 320,100 X 1 320,100
QUANEX CORP COM 747620102 2,155,063 84,100 X 1 84,100
QUEST DIAGNOSTICS COM 74834L100 988,000 38,000 X 1 38,000
FALCON DRILLING COMPANY INC COM 74912E101 14,744,625 1,123,400 X 1 1,123,400
RTI INTERNATIONAL METALS COM 74973W107 1,681,000 168,100 X 1 168,100
RADIAN GROUP INC COM 750236101 2,554,781 59,500 X 1 59,500
RALCORP HOLDINGS, INC. COM 751028101 1,669,700 94,400 X 1 94,400
RAYMOND JAMES FINANCIAL INC COM 754730109 3,377,413 169,400 X 1 169,400
RAYTHEON CO CLASS A COM 755111309 339,500 7,000 X 1 7,000
RESLNETWORKS INC COM 75605L104 5,008,544 47,900 X 1 47,900
REHABCARE GROUP INC COM 759148109 3,290,850 185,400 X 1 185,400
RELIANCE IND GDR COM 759470107 166,500 12,000 X 1 12,000
RELIANT ENERGY INC COM 75952J108 21,265,713 785,800 X 1 785,800
REPSOL SA ADS (NYSE) COM 76026T205 657,938 33,000 X 1 33,000
RESOURCE AMERICA INC-CL A COM 761195205 1,102,981 148,300 X 1 148,300
RESOURCE BANCSHARES MTG GRP COM 761197102 1,448,888 291,600 X 1 291,600
RITE AID CORP COM 767754104 502,775 36,400 X 1 36,400
ROSS STORES COM 778296103 11,676,525 580,200 X 1 580,200
ROYAL DUTCH PETRO-NY SHARES COM 780257804 18,504,281 313,300 X 1 313,300
RUSS BERRIE & CO INC COM 782233100 2,866,344 136,900 X 1 136,900
RYERSON TULL INC COM 78375P107 1,552,751 67,146 X 1 67,146
SBC COMMUNICATIONS INC COM 78387G103 24,729,569 484,300 X 1 484,300
SK TELECOM CO LTD-ADR COM 78440P108 615,388 59,674 X 1 59,674
SPS TECHNOLOGIES, IN COM 784626103 1,001,550 26,400 X 1 26,400
SAFEWAY INC COM 786514208 6,666,266 175,140 X 1 175,140
ST JUDE MEDICAL INC COM 790849103 3,540,600 112,400 X 1 112,400
ST JOHNSBURY TRUCKING CO COM 79099L109 2,046 204,637 X 1 204,637
SAMSUNG ELEC GDS COMMON COM 796050888 1,728,773 21,691 X 1 21,691
SANMINA CORPX COM 800907107 5,044,850 65,200 X 1 65,200
SARA LEE CORP COM 803111103 13,647,656 582,300 X 1 582,300
SCHERING-PLOUGH CORP COM 806605101 15,430,163 353,700 X 1 353,700
SCHLUMBERGER LTD COM 806857108 15,889,688 255,000 X 1 255,000
SCHULMAN (A) INC COM 808194104 1,305,363 75,400 X 1 75,400
SCOTTISH POWER PLC-ADR COM 81013T705 19,825,125 546,900 X 1 546,900
SCUDDER NEW ASIA FD INC COM 811183102 720,844 49,500 X 1 49,500
SEACOR SMIT INC COM 811904101 4,156,375 81,100 X 1 81,100
SEMTECH CORP COM 816850101 7,097,925 193,800 X 1 193,800
SEMPRA ENERGY COM 816851109 9,636,188 463,000 X 1 463,000
SHAW INDUSTRIES INC COM 820286102 6,067,425 382,200 X 1 382,200
SHERWIN WILLIAMS CO COM 824348106 640,688 30,600 X 1 30,600
SHOPKO STORES INC COM 824911101 5,185,200 178,800 X 1 178,800
SIEBEL SYSTEMS INC COM 826170102 4,996,875 75,000 X 1 75,000
SIERRA PACIFIC RESOURCES COM 826428104 12,364,414 555,704 X 1 555,704
SKYWEST INC COM 830879102 1,785,713 81,400 X 1 81,400
SMITHFIELD FOODS INC COM 832248108 2,953,200 110,400 X 1 110,400
SOUTHERN CO COM 842587107 7,725,000 300,000 X 1 300,000
SOUTHERN PERU COPPER COM 843611104 430,313 25,500 X 1 25,500
SOVEREIGN BANCORP INC COM 845905108 2,809,969 309,000 X 1 309,000
SPRINT CORP (FON GROUP) COM 852061100 2,517,200 46,400 X 1 46,400
SPRINT CORP PCS COM 852061506 1,744,763 23,400 X 1 23,400
STANDARD MOTOR PRODUCTS COM 853666105 964,100 49,600 X 1 49,600
SUN CARRIERS INC COM 86664L109 8,476 847,600 X 1 847,600
SUN MICROSYSTEMS INC COM 866810104 25,128,600 270,200 X 1 270,200
SUNGARD DATA SYSTEMS INC COM 867363103 5,554,569 211,100 X 1 211,100
SUNTERRA RESORTS INC COM 86787D109 2,662,375 224,200 X 1 224,200
SUPERIOR INDUSTRIES INTL COM 868168105 1,237,600 44,200 X 1 44,200
SUPERIOR TELECOM INC COM 868365107 812,556 58,300 X 1 58,300
SUPERVALU INC COM 868536103 628,985 28,836 X 1 28,836
SYBASE INC COM 871130100 1,269,844 107,500 X 1 107,500
SYMANTEC CORP COM 871503108 4,553,644 126,600 X 1 126,600
SYSCO CORP COM 871829107 4,488,000 128,000 X 1 128,000
SYSTEMS & COMPUTER TECH CORP COM 871873105 2,584,106 205,700 X 1 205,700
TJX COMPANIES, INC COM 872540109 18,282,719 651,500 X 1 651,500
TAIWAN FUND INC COM 874036106 859,125 47,400 X 1 47,400
TANDY CORP COM 875382103 23,833,106 461,100 X 1 461,100
TEKTRONIX INC COM 879131100 6,644,725 198,350 X 1 198,350
TELE DANMARK A/S-ADR COM 879242105 10,371,713 350,100 X 1 350,100
TELENORTE LESTE PATICIP-ADR COM 879246106 4,586,450 295,900 X 1 295,900
TELECOM ARGENTINA COM 879273209 725,900 27,200 X 1 27,200
TELECOM NEW ZEALAND-SP ADR COM 879278208 7,241,600 226,300 X 1 226,300
TELECOM ITALIA SPA-SP ADR COM 87927W106 27,114,588 314,600 X 1 314,600
TELECOMUNICACOES BRASIL ADR COM 879287100 919 29,400 X 1 29,400
TELEBRAS-SPONS ADR PFD BLOCK COM 879287308 2,238,908 29,877 X 1 29,877
TELEFONICA SA-SPON ADR COM 879382208 29,846,002 621,792 X 1 621,792
TELEFONOS DE MEXICO-CL L ADR COM 879403780 21,375,000 300,000 X 1 300,000
TELESP PARTICIPACOES ADR COM 87952K100 195,300 12,400 X 1 12,400
TELLABS INC COM 879664100 2,442,619 42,900 X 1 42,900
TELSTRA CORP-ADR (FINAL) COM 87969N204 1,614,150 61,200 X 1 61,200
TEMPLE INLAND INC COM 879868107 605,000 10,000 X 1 10,000
TEMPLETON EMERGING MKTS FD COM 880191101 479,006 43,300 X 1 43,300
TERADYNE INC COM 880770102 32,965,730 935,198 X 1 935,198
TEREX CORP COM 880779103 4,384,800 139,200 X 1 139,200
TESORO PETROLEUM CORP COM 881609101 2,346,300 142,200 X 1 142,200
TEXACO INC COM 881694103 4,027,375 63,800 X 1 63,800
TEXAS INSTRUMENTS INC COM 882508104 40,968,725 498,100 X 1 498,100
TEXAS UTILITIES CO COM 882848104 48,864,450 1,309,600 X 1 1,309,600
THAI FUND COM 882904105 561,438 69,100 X 1 69,100
TEXTRON INC COM 883203101 22,121,513 285,900 X 1 285,900
TIDEWATER INC COM 886423102 392,700 15,400 X 1 15,400
TIFFANY & CO COM 886547108 2,013,900 33,600 X 1 33,600
TOLL BROTHERS INC COM 889478103 2,870,813 150,600 X 1 150,600
TORO CO COM 891092108 1,670,663 44,700 X 1 44,700
TOSCO CORP COM 891490302 6,767,000 268,000 X 1 268,000
TOTAL RENAL CARE COM 89151A107 3,976,088 534,600 X 1 534,600
TOWER AUTOMOTIVE INC COM 891707101 1,515,656 76,500 X 1 76,500
TOYS R US INC COM 892335100 11,020,500 734,700 X 1 734,700
TRAVELERS PROPERTY CASUALTY COM 893939108 13,634,900 462,200 X 1 462,200
TREDEGAR CORP COM COM 894650100 2,084,063 97,500 X 1 97,500
TRICON GLOBAL RESTAURANTS COM 895953107 7,082,188 173,000 X 1 173,000
TRIGON HEALTHCARE INC. COM 89618L100 1,671,863 57,900 X 1 57,900
TRUE NORTH COMMUNICATIONS COM 897844106 1,353,150 37,200 X 1 37,200
TYCO INT'L LTD COM 902124106 33,122,600 320,800 X 1 320,800
TYSON FOODS INC-CL A COM 902494103 5,523,000 336,000 X 1 336,000
U G I CORP COM 902681105 2,980,650 128,200 X 1 128,200
USX-MARATHON GROUP COM 902905827 839,475 28,700 X 1 28,700
URS CORP COM 903236107 1,795,850 73,300 X 1 73,300
U.S. CAN CORPORATION COM 90328W105 1,457,194 71,300 X 1 71,300
USG CORP NEW COM 903293405 3,633,750 76,500 X 1 76,500
USX-US STEEL GROUP COM 90337T101 2,060,000 80,000 X 1 80,000
ULTRAMED COM 904006AAA 0 450,000 X 1 450,000
UNICOM CORPORATION COM 904911104 19,632,281 531,500 X 1 531,500
UNIONBANCAL CORPORATION COM 908906100 19,161,750 528,600 X 1 528,600
UNISYS CORP COM 909214108 45,698,088 1,012,700 X 1 1,012,700
UNITED AUTO GROUP INC COM 909440109 3,822,744 301,300 X 1 301,300
UNITED HEALTHCARE CORP COM 910581107 15,015,225 308,400 X 1 308,400
UNITED ILLUMINATING CO COM 910637107 1,359,338 28,100 X 1 28,100
US AIRWAYS GROUP INC COM 911905107 2,302,125 87,700 X 1 87,700
U S HOME CORP COM 911920106 868,251 31,218 X 1 31,218
US WEST INC COM 91273H101 5,837,494 102,300 X 1 102,300
UNITED STATIONERS INC COM 913004107 3,548,531 166,500 X 1 166,500
UNITED TECHNOLOGIES CORP COM 913017109 15,907,613 268,200 X 1 268,200
UNIVERSAL CORP HOLDING CO COM 913456109 2,965,188 113,500 X 1 113,500
UNIVERSAL HEALTH SERVICES - B COM 913903100 2,887,650 111,600 X 1 111,600
UNIVISION COMMUNICATIONS CL A COM 914906102 7,502,775 92,200 X 1 92,200
UNUMPROVIDENT CORP COM 91529Y106 677,063 23,000 X 1 23,000
USFREIGHTWAYS CORPORATION COM 916906100 7,636,850 161,200 X 1 161,200
UTILICORP UNITED INC COM 918005109 3,405,806 161,700 X 1 161,700
V F CORP COM 918204108 914,500 29,500 X 1 29,500
VALASSIS COMM. INC COM 918866104 9,477,319 215,700 X 1 215,700
VARCO INTERNATIONAL INC COM 922126107 2,742,188 225,000 X 1 225,000
VERITAS DGC INC COM 92343P107 3,815,350 198,200 X 1 198,200
VIACOM INC CL A COM 925524100 1,249,925 28,900 X 1 28,900
VIACOM INC CL B COM 925524308 1,183,000 28,000 X 1 28,000
VISHAY INTERTECHNOLOGY COM 928298108 369,750 11,600 X 1 11,600
VISX INC COM 92844S105 7,656,275 96,800 X 1 96,800
VITESSE SEMICONDUCTOR CORP COM 928497106 9,118,050 106,800 X 1 106,800
VODAFONE AIRTOUCH PLC-ADR COM 92857T107 2,710,350 11,400 X 1 11,400
VULCAN MATERIALS CO COM 929160109 710,525 19,400 X 1 19,400
WEBS - JAPAN INDEX SERIES COM 92923H889 1,856,475 133,200 X 1 133,200
WAL-MART STORES INC COM 931142103 38,183,175 802,800 X 1 802,800
WALTER INDUSTRIES INC COM 93317Q105 1,541,700 114,200 X 1 114,200
WARNER-LAMBERT CO COM 934488107 19,003,163 286,300 X 1 286,300
WASHINGTON MUTUAL INC COM 939322103 9,219,600 315,200 X 1 315,200
WATERS CORPORATION COM 941848103 6,661,875 110,000 X 1 110,000
WATSON PHARMACEUTICALS COM 942683103 4,676,063 153,000 X 1 153,000
WEATHERFORD INTERNATIONAL COM 947074100 8,540,800 266,900 X 1 266,900
WEBSTER FINANCIAL CORP COM 947890109 2,381,700 93,400 X 1 93,400
WELLPOINT HEALTH NETWORKS COM 94973H108 10,875,600 190,800 X 1 190,800
WESLEY JESSEN VISIONCARE COM 951018100 1,718,431 55,100 X 1 55,100
WESTVACO CORP COM 961548104 2,880,250 112,400 X 1 112,400
WHIRLPOOL CORP COM 963320106 4,036,313 61,800 X 1 61,800
WHITTMAN-HART INC COM 966834103 5,844,334 150,700 X 1 150,700
WILLIAMS COMPANIES INC COM 969457100 36,497,819 974,900 X 1 974,900
WILLIAMS CO INC $3.50 CV PFD PFD CV 969457506 6,530,759 37,000 X 1 37,000
WINNEBAGO INDUSTRIES COM 974637100 983,831 41,100 X 1 41,100
WYNNS INTERNATIONAL INC COM 983195108 4,966,922 311,650 X 1 311,650
XILINIX INC COM 983919101 12,319,875 188,000 X 1 188,000
XIRCOM INC COM 983922105 2,232,556 52,300 X 1 52,300
XTRA CORP COM 984138107 1,597,950 40,200 X 1 40,200
YORK INTERNATIONAL CORP COM 986670107 1,710,625 47,600 X 1 47,600
ZALE CORP COM 988858106 4,425,094 115,500 X 1 115,500
ZEBRA TECHNOLOGIES CORP-CL A COM 989207105 4,060,359 89,300 X 1 89,300
FRESH DEL MONTE PRODUCE COM G36738105 653,350 58,400 X 1 58,400
GLOBAL CROSSING LTD COM G3921A100 29,878,750 1,127,500 X 1 1,127,500
TOMMY HILFIGER CORP COM G8915Z102 5,169,588 183,400 X 1 183,400
TRANSOCEAN OFFSHORE INC COM G90076103 14,203,875 463,800 X 1 463,800
XL CAPITAL LTD-CLASS A COM G98255105 3,028,230 67,294 X 1 67,294
STOLT COMEX SEAWAY S.A. COM L8873E103 2,696,900 238,400 X 1 238,400
ORBOTECH LTD COM M75253100 470,250 7,600 X 1 7,600
CORE LABORATORIES N.V. COM N22717107 1,766,494 93,900 X 1 93,900
BANCO LATINOAMERI DE EXPORT COM P16994132 366,000 16,000 X 1 16,000
ENRON CAPITAL MIP 8.00% COM P37307108 9,600,000 400,000 X 1 400,000
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