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 June 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
14th of July, 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: 729
Form 13F Information Table Value Total: $5,783,197,438
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 1,347,638 59,400 X 1 59,400
ADC TELECOMMUNICATIONS INC COM 000886101 5,330,813 117,000 X 1 117,000
ADC TELECOMMUNICATIONS INC COM 000886101 22,781 500 X 500
AES CORP COM 00130H105 37,810,313 650,500 X 1 650,500
AMR CORP COM 001765106 12,708,150 186,200 X 1 186,200
ARM FINL GRP COM 001944107 2,104,600 247,600 X 1 247,600
A T & T CORP COM 001957109 54,238,588 971,800 X 1 971,800
A T & T CORP COM 001957109 47,441 850 X 850
ABERCROMBIE & FITCH CO-CL A COM 002896207 4,636,800 96,600 X 1 96,600
ACCLAIM ENMNT INC COM 004325205 773,288 121,300 X 1 121,300
ACNIELSEN CORP COM 004833109 3,448,500 114,000 X 1 114,000
ADAC LABORATORIES COM 005313200 2,364,950 326,200 X 1 326,200
ADELPHIA COMMUN 13% SERIES B PFD CV 006848303 11,400,000 100,000 X 1 100,000
ADVEST GROUP COM 007566102 1,489,331 74,700 X 1 74,700
ADVO INC COM 007585102 6,283,100 302,800 X 1 302,800
ADVO INC COM 007585102 14,525 700 X 700
AIRBORNE FREIGHT CORP COM 009266107 2,361,744 85,300 X 1 85,300
AIRBORNE FREIGHT CORP COM 009266107 16,613 600 X 600
ALBERTSONS INC COM 013104104 9,105,938 176,600 X 1 176,600
ALBERTSONS INC COM 013104104 5,156 100 X 100
ALIANT COMMUNICATIONS INC COM 016090102 461,875 10,000 X 1 10,000
ALLERGAN INC COM 018490102 16,638,900 149,900 X 1 149,900
ALLIANT ENERGY CORP COM 018802108 8,086,875 285,000 X 1 285,000
ALLIANT TECHSYSTEMS INC COM 018804104 1,773,250 20,500 X 1 20,500
ALLIEDSIGNAL INC COM 019512102 18,585,000 295,000 X 1 295,000
ALLSTATE CORP COM 020002101 32,384,363 902,700 X 1 902,700
ALLSTATE CORP COM 020002101 39,463 1,100 X 1,100
ALTERA CORPORATION COM 021441100 10,454,750 284,000 X 1 284,000
AMBAC INC COM 023139108 14,189,850 248,400 X 1 248,400
AMERADA HESS CORP COM 023551104 7,467,250 125,500 X 1 125,500
AMERICA ONLINE INC COM 02364J104 8,729,500 79,000 X 1 79,000
AMERICAN BANKERS INSURANCE GRP COM 024456105 1,872,650 34,400 X 1 34,400
AMERICAN ELECTRIC POWER CO INC COM 025537101 4,695,313 125,000 X 1 125,000
AMERICAN EXPRESS CO COM 025816109 11,281,838 86,700 X 1 86,700
AMERICAN FINANCIAL GROUP INC COM 025932104 507,531 14,900 X 1 14,900
AMERICAN GENERAL CORP COM 026351106 8,690,738 115,300 X 1 115,300
AMERICAN HOME PRODUCTS CORP COM 026609107 6,621,125 115,150 X 1 115,150
AMERICAN HOME PRODUCTS CORP COM 026609107 28,750 500 X 500
AMER INTERNATIONAL GROUP INC COM 026874107 37,850,169 323,333 X 1 323,333
AMER INTERNATIONAL GROUP INC COM 026874107 46,825 400 X 400
AMERICAN WATER WORKS INC COM 030411102 1,688,175 54,900 X 1 54,900
AMERISOURCE HEALTH CORP CL A COM 03071P102 1,004,700 39,400 X 1 39,400
AMES DEPT STORES INC COM 030789507 9,608,625 210,600 X 1 210,600
AMES DEPT STORES INC COM 030789507 68,438 1,500 X 1,500
AMERITECH CORP COM 030954101 63,334,950 861,700 X 1 861,700
AMERITECH CORP COM 030954101 29,400 400 X 400
AMGEN INC COM 031162100 5,034,363 82,700 X 1 82,700
AMGEN INC COM 031162100 48,700 800 X 800
AMSOUTH BANCORPORATION COM 032165102 3,516,384 151,650 X 1 151,650
ANCHOR GAMING COM 033037102 2,677,081 55,700 X 1 55,700
ANCHOR GAMING COM 033037102 14,419 300 X 300
ANHEUSER BUSCH INC COM 035229103 27,630,156 389,500 X 1 389,500
ANHEUSER BUSCH INC COM 035229103 21,281 300 X 300
APOLLO GROUP INC CL A COM 037604105 2,762,500 104,000 X 1 104,000
APPLE COMPUTER INC COM 037833100 32,789,250 708,000 X 1 708,000
APPLIED MATLS COM 038222105 30,111,450 407,600 X 1 407,600
APPLIED MATLS COM 038222105 36,938 500 X 500
APPLIED MICRO CIRCUITS CORP COM 03822W109 26,435,150 321,400 X 1 321,400
ARACRUZ CELULOSE SA ADR 'B COM 038496204 1,760,000 80,000 X 1 80,000
ARCHER DANIELS MIDLAND CO COM 039483102 739,456 47,900 X 1 47,900
ARVIN INDUSTRIES INC COM 043339100 6,669,788 176,100 X 1 176,100
ASHLAND INC COM 044204105 521,625 13,000 X 1 13,000
ASSOCIATED BANC-CORP COM 045487105 4,772,500 115,000 X 1 115,000
ASSOCIATED MATERIALS INC. COM 045709102 668,750 50,000 X 1 50,000
ASSOCIATES FIRST CAPITAL CORP COM 046008108 8,689,415 196,094 X 1 196,094
ASTORIA FINANCIAL CORP COM 046265104 4,648,588 105,800 X 1 105,800
ASYST TECHNOLOGIES INC COM 04648X107 5,691,119 190,100 X 1 190,100
ASYST TECHNOLOGIES INC COM 04648X107 33,530 1,120 X 1,120
AVIS RENT A CAR INC COM 053790101 4,298,850 147,600 X 1 147,600
AZURIX CORP COM 05501M104 20,000,000 1,000,000 X 1 1,000,000
BJ SERVICES CO COM 055482103 2,699,419 91,700 X 1 91,700
BP AMOCO PLC-ADR COM 055622104 23,151,839 213,381 X 1 213,381
BMC SOFTWARE INC COM 055921100 27,855,252 515,838 X 1 515,838
BANK OF AMERICA CORP COM 060505104 2,179,874 29,734 X 1 29,734
BANK ONE COM 06423A103 18,827,706 316,100 X 1 316,100
BANK ONE COM 06423A103 59,563 1,000 X 1,000
BANK UNITED CORP CL A COM 065412108 2,893,500 72,000 X 1 72,000
BARNES GROUP INC COM 067806109 4,226,025 194,300 X 1 194,300
BARR LABORATORIES INC COM 068306109 1,722,600 43,200 X 1 43,200
BEAR STEARNS COMPANIES INC COM 073902108 13,007,860 278,243 X 1 278,243
BELL AND HOWELL COMPANY COM 077852101 1,709,125 45,200 X 1 45,200
BELL ATLANTIC CORP COM 077853109 66,942,562 1,023,978 X 1 1,023,978
BELL ATLANTIC CORP COM 077853109 39,225 600 X 600
BELLSOUTH CORP COM 079860102 56,146,875 1,197,800 X 1 1,197,800
BELLSOUTH CORP COM 079860102 56,250 1,200 X 1,200
BERGEN BRUNSWIG CORP CL A COM 083739102 6,951,750 403,000 X 1 403,000
BEST BUY INC COM 086516101 23,591,250 349,500 X 1 349,500
BINDLEY WESTERN INDUSTRIES INC COM 090324104 2,026,425 87,867 X 1 87,867
BIOMET INC COM 090613100 8,542,275 214,900 X 1 214,900
BLACK & DECKER CORP COM 091797100 14,392,500 228,000 X 1 228,000
BLACK & DECKER CORP COM 091797100 31,563 500 X 500
BOEING CO COM 097023105 12,213,425 276,400 X 1 276,400
BRIGHTPOINT INC COM 109473108 1,033,656 170,500 X 1 170,500
BRINKER INTERNATIONAL INC COM 109641100 15,279,375 562,000 X 1 562,000
BRISTOL-MYERS SQUIBB CO COM 110122108 34,908,825 495,600 X 1 495,600
BROOKS AUTOMATION INC COM 11434A100 565,606 20,900 X 1 20,900
BURLINGTON RESOURCES INC COM 122014103 4,541,250 105,000 X 1 105,000
CEC ENTERTAINMENT INC COM 125137109 12,024,350 284,600 X 1 284,600
CEC ENTERTAINMENT INC COM 125137109 38,025 900 X 900
CIGNA CORP COM 125509109 46,039,700 517,300 X 1 517,300
CIGNA CORP COM 125509109 71,200 800 X 800
CKE RESTAURANTS INC COM 12561E105 1,796,763 110,570 X 1 110,570
CMP GROUP INC COM 125887109 5,570,081 212,700 X 1 212,700
CMP GROUP INC COM 125887109 31,425 1,200 X 1,200
CMS ENERGY CORP COM 125896100 1,570,313 37,500 X 1 37,500
CNF TRANSPORTATION INC COM 12612W104 14,613,200 380,800 X 1 380,800
CVS CORP COM 126650100 6,104,325 119,400 X 1 119,400
CALTON INC COM 131380206 422,750 356,000 X 1 356,000
CANADIAN NATL RAILWAY CO COM 136375102 2,030,100 30,300 X 1 30,300
CANANDAIGUA WINE CO CL A COM 137219200 6,659,563 127,000 X 1 127,000
CAPITAL ONE FINANCIAL CORP COM 14040H105 12,262,388 220,200 X 1 220,200
CAPITAL RE CORP COM 140432105 3,077,575 191,600 X 1 191,600
CARDINAL HEALTH INC COM 14149Y108 8,323,425 129,800 X 1 129,800
CARDINAL HEALTH INC COM 14149Y108 35,269 550 X 550
CARLISLE COS INC COM 142339100 2,584,313 53,700 X 1 53,700
CATERPILLAR INC COM 149123101 14,520,000 242,000 X 1 242,000
CATERPILLAR INC COM 149123101 30,000 500 X 500
CENTEX CORP COM 152312104 7,955,738 211,800 X 1 211,800
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 737,100 21,600 X 1 21,600
CENTRAL & SOUTH WEST CORP COM 152357109 3,239,775 138,600 X 1 138,600
CENTURYTEL INC COM 156700106 5,849,213 147,150 X 1 147,150
CHARTER ONE FIN INC COM 160903100 2,869,694 103,180 X 1 103,180
CHASE MANHATTAN CORP (NEW) COM 16161A108 18,771,638 216,700 X 1 216,700
CHASE MANHATTAN CORP (NEW) COM 16161A108 43,313 500 X 500
CHATTEM INC COM 162456107 1,180,244 37,100 X 1 37,100
CHEVRON CORP COM 166751107 3,341,081 35,100 X 1 35,100
CHICAGO TITLE CORP COM 168228104 1,613,075 45,200 X 1 45,200
CHIRON CORP COM 170040109 3,112,500 150,000 X 1 150,000
CINCINNATI BELL INC COM 171870108 12,812,888 513,800 X 1 513,800
CIRCLE INTERNATIONAL COM 172574105 2,544,063 116,300 X 1 116,300
CISCO SYSTEMS INC COM 17275R102 44,982,300 697,400 X 1 697,400
CISCO SYSTEMS INC COM 17275R102 103,200 1,600 X 1,600
CITIGROUP INC COM 172967101 35,885,063 755,475 X 1 755,475
CITIGROUP INC COM 172967101 57,000 1,200 X 1,200
CITIZENS UTILITIES C COM 177342201 1,585,313 142,500 X 1 142,500
CITIZENS UTILITIES 5% CONV PRF PFD CV 177351202 4,862,500 100,000 X 1 100,000
CITRIX SYS INC COM 177376100 12,995,000 230,000 X 1 230,000
CITY NATIONAL CORP COM 178566105 7,779,513 207,800 X 1 207,800
CLAIRES STORES INC COM 179584107 2,777,750 108,400 X 1 108,400
CLAYTON HOMES INC COM 184190106 1,761,375 154,000 X 1 154,000
CLOROX CO COM 189054109 3,866,613 36,200 X 1 36,200
CLOROX CO COM 189054109 10,681 100 X 100
COASTAL CORP COM 190441105 36,240,000 906,000 X 1 906,000
COCA COLA CO COM 191216100 11,806,250 188,900 X 1 188,900
COHO ENERGY INC COM 192481109 15,000 30,000 X 1 30,000
COLORADO MEDTECH COM 19652U104 3,450,769 157,300 X 1 157,300
COLT TELECOM GROUP-SPONS ADR COM 196877104 2,729,450 31,600 X 1 31,600
COLUMBIA ENERGY GROUP COM 197648108 6,046,209 96,450 X 1 96,450
COLUMBIA HEALTHCARE CORP COM 197677107 777,906 34,100 X 1 34,100
COMAIR INC COM 199789108 6,413,996 308,180 X 1 308,180
COMAIR INC COM 199789108 18,731 900 X 900
COMERICA INC COM 200340107 8,695,706 146,300 X 1 146,300
COMMERCE GRP INC COM 200641108 3,280,875 134,600 X 1 134,600
COMMUNITY FIRST BANKSHARES COM 203902101 3,891,625 163,000 X 1 163,000
COMPUSA INC COM 204932107 3,754,450 504,800 X 1 504,800
COMPUTER TASK GROUP INC COM 205477102 1,261,400 74,200 X 1 74,200
COMPUWARE CORP COM 205638109 37,770,981 1,187,300 X 1 1,187,300
COMPUWARE CORP COM 205638109 44,538 1,400 X 1,400
COMVERSE TECH COM 205862402 22,585,825 299,150 X 1 299,150
COMVERSE TECH COM 205862402 33,975 450 X 450
CONAGRA INC COM 205887102 639,000 24,000 X 1 24,000
CONCENTRIC NETWRK 13.5% PIK PF PFD CV 20589R305 3,102,000 3,300 X 1 3,300
COMPUTER HORIZONS CORP COM 205908106 900,575 65,200 X 1 65,200
CONSECO INC COM 208464107 5,810,519 190,900 X 1 190,900
CONSECO INC COM 208464107 33,481 1,100 X 1,100
CONSOLIDATED NATURAL GAS CO COM 209615103 236,925 3,900 X 1 3,900
CONSUMER PORTFOLIO SERVICES COM 210502100 178,891 107,000 X 1 107,000
CONTINENTAL AIRLINES CL B COM 210795308 5,786,725 153,800 X 1 153,800
CONVERGYS CORP COM 212485106 3,214,750 167,000 X 1 167,000
CORDANT TECHNOLOGIES INC COM 218412104 9,882,506 218,700 X 1 218,700
CORN PRODUCTS INTL INC COM 219023108 480,913 15,800 X 1 15,800
CORNING INCORPORATED COM 219350105 31,430,025 448,200 X 1 448,200
COSTCO COMPANIES, INC. COM 22160Q102 9,991,800 124,800 X 1 124,800
COUNTRYWIDE CREDIT INDUSTRIES COM 222372104 4,664,025 109,100 X 1 109,100
CRANE CO COM 224399105 6,262,350 199,200 X 1 199,200
CROMPTON & KNOWLES CORP COM 227111101 278,433 14,233 X 1 14,233
CROWN CORK AND SEAL CO. INC. COM 228255105 5,634,450 197,700 X 1 197,700
CULLEN/FROST BANKERS INC COM 229899109 1,907,325 69,200 X 1 69,200
CURATIVE HEALTH SERVICES INC COM 231264102 1,029,050 187,100 X 1 187,100
CURATIVE HEALTH SERVICES INC COM 231264102 8,250 1,500 X 1,500
DPL INC COM 233293109 29,400,000 1,600,000 X 1 1,600,000
DSP GROUP INC COM 23332B106 7,225,200 200,700 X 1 200,700
DTE ENERGY CO COM 233331107 16,000,000 400,000 X 1 400,000
DALLAS SEMICONDUCTOR CORP COM 235204104 1,722,050 34,100 X 1 34,100
DANA CORP COM 235811106 1,842,500 40,000 X 1 40,000
DANAHER CORP COM 235851102 9,602,250 165,200 X 1 165,200
DARLING INTERNATIONAL INC COM 237266101 256,145 132,204 X 1 132,204
DATA DIMEMSIONS COM 237654207 1,338,250 404,000 X 1 404,000
DATA DIMEMSIONS COM 237654207 5,300 1,600 X 1,600
DAYTON HUDSON CORP COM 239753106 30,296,500 466,100 X 1 466,100
DAYTON HUDSON CORP COM 239753106 58,500 900 X 900
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 4,269,977 230,032 X 1 230,032
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 0 0 X 0
DELPHI FINANCIAL GROUP CLASS A COM 247131105 3,622,263 100,969 X 1 100,969
DELTA AIR LINES INC COM 247361108 19,546,400 339,200 X 1 339,200
DELUXE CORP COM 248019101 3,893,750 100,000 X 1 100,000
DEXTER CORP COM 252165105 4,428,156 108,500 X 1 108,500
DIAMOND OFFSHORE DRILLING COM 25271C102 4,060,463 143,100 X 1 143,100
DIEBOLD INC COM 253651103 3,005,813 104,550 X 1 104,550
DILLARDS INC CL-A COM 254067101 618,200 17,600 X 1 17,600
DIME BANCORP INC. NEW COM 25429Q102 8,714,125 433,000 X 1 433,000
DIME BANCORP INC. NEW COM 25429Q102 14,088 700 X 700
DR PEPPER BOTTLING CO OF TX A COM 25612T103 1,200,000 40,000 X 1 40,000
DOLE FOODS INC COM 256605106 249,688 8,500 X 1 8,500
DOMINION RESOURCES INC COM 257470104 5,630,625 130,000 X 1 130,000
DOW CHEMICAL CO COM 260543103 18,105,063 142,700 X 1 142,700
DOW CHEMICAL CO COM 260543103 50,750 400 X 400
DOWNEY FINL CP COM 261018105 3,545,100 161,600 X 1 161,600
EI DUPONT DE NEMOURS & CO INC COM 263534109 2,992,088 43,800 X 1 43,800
DUKE ENERGY COM 264399106 14,137,500 260,000 X 1 260,000
DURA PHARMACEUTICALS INC COM 26632S109 1,587,688 133,000 X 1 133,000
DYNEGY INC COM 26816L102 941,325 46,200 X 1 46,200
ELECTRIC DE PORTUGAL-SP ADR COM 268353109 742,613 20,700 X 1 20,700
E G & G INC COM 268457108 10,612,688 297,900 X 1 297,900
EMC CORP COM 268648102 26,004,000 472,800 X 1 472,800
EMC CORP COM 268648102 66,000 1,200 X 1,200
EASTERN UTILITIES COM 277173100 3,637,713 124,900 X 1 124,900
EASTMAN KODAK CO COM 277461109 16,781,675 247,700 X 1 247,700
EASTMAN KODAK CO COM 277461109 33,875 500 X 500
ECHOSTAR COMMUNICATIONS CL A COM 278762109 15,343,750 100,000 X 1 100,000
ECOLAB INC COM 278865100 1,806,075 41,400 X 1 41,400
EDISON INTERNATIONAL COM 281020107 47,957,400 1,792,800 X 1 1,792,800
EDISON INTERNATIONAL COM 281020107 21,400 800 X 800
J D EDWARDS AND CO COM 281667105 2,849,000 154,000 X 1 154,000
EDWARDS (A.G.), INC COM 281760108 23,426,400 726,400 X 1 726,400
EL PASO ENERGY CORP COM 283905107 2,973,344 84,500 X 1 84,500
ELECTRONIC DATA SYSTEMS CORP COM 285661104 565,625 10,000 X 1 10,000
TELESP PARTICIPACOES ADR COM 29081N100 172,050 12,400 X 1 12,400
ENCORE WIRE CORP COM 292562105 1,418,281 156,500 X 1 156,500
ENERGY EAST CORPORATION COM 29266M109 5,839,600 224,600 X 1 224,600
ENHANCE FINANCIAL SVCS GROUP COM 293310108 3,973,700 201,200 X 1 201,200
ENRON CORP COM 293561106 53,551,319 655,062 X 1 655,062
ENTERGY CORP COM 29364G103 28,534,375 913,100 X 1 913,100
ENTERGY CORP COM 29364G103 25,000 800 X 800
ERICSSON (LM) TEL ADR COM 294821400 1,982,838 60,200 X 1 60,200
ESTERLINE TECHNOLOGIES CORP COM 297425100 1,265,000 88,000 X 1 88,000
ETHAN ALLEN INTERIORS INC COM 297602104 8,842,938 234,250 X 1 234,250
EXXON CORP COM 302290101 31,035,100 402,400 X 1 402,400
EXXON CORP COM 302290101 61,700 800 X 800
FPL GROUP INC COM 302571104 46,808,163 856,900 X 1 856,900
FPL GROUP INC COM 302571104 32,775 600 X 600
FAMILY DOLLAR STORES COM 307000109 12,336,000 514,000 X 1 514,000
FREDDIE MAC COM 313400301 7,157,200 123,400 X 1 123,400
FREDDIE MAC COM 313400301 46,400 800 X 800
FANNIE MAE COM 313586109 9,401,563 137,500 X 1 137,500
FANNIE MAE COM 313586109 54,700 800 X 800
FEDERATED DEPT STORES INC NEW COM 31410H101 17,310,563 327,000 X 1 327,000
FIDELITY NATIONAL FINL INC COM 316326107 2,856,000 136,000 X 1 136,000
FIDELITY NATIONAL FINL INC COM 316326107 13,860 660 X 660
FIRST AMER. FINANCIAL COM 318522307 2,536,463 141,900 X 1 141,900
FIRST AMERICAN CORP-TENN COM 318900107 3,146,281 75,700 X 1 75,700
FIRST DATA CORP COM 319963104 381,713 7,800 X 1 7,800
FIRST TENNESSEE NATL CORP COM 337162101 3,490,269 91,100 X 1 91,100
FIRST UNION CORP COM 337358105 6,329,877 134,678 X 1 134,678
FIRSTFED FINANCIAL CORP COM 337907109 3,699,850 192,200 X 1 192,200
FIRSTENERGY CORP COM 337932107 17,050,000 550,000 X 1 550,000
FLEET FINANCIAL GROUP, INC. COM 338915101 11,284,563 254,300 X 1 254,300
FLEET FINANCIAL GROUP, INC. COM 338915101 35,500 800 X 800
FLEETWOOD ENTERPRISES INC COM 339099103 2,194,313 83,000 X 1 83,000
FLORIDA PROGRESS CORP COM 341109106 3,317,394 80,300 X 1 80,300
FLOWERS INDUSTRIES INC COM 343496105 2,971,188 137,000 X 1 137,000
FLOWSERVE CORP COM 34354P105 2,121,000 112,000 X 1 112,000
FOODMAKER INC COM 344839204 6,824,188 240,500 X 1 240,500
FORD MOTOR CO COM 345370100 27,716,456 491,100 X 1 491,100
FORD MOTOR CO COM 345370100 39,506 700 X 700
FOREST OIL CORP COM 346091606 206,414 16,431 X 1 16,431
FORT JAMES CORP COM 347471104 7,385,625 195,000 X 1 195,000
FORTUNE BRANDS INC COM 349631101 8,601,863 207,900 X 1 207,900
FOSSIL INC COM 349882100 8,913,094 184,250 X 1 184,250
FOSSIL INC COM 349882100 48,375 1,000 X 1,000
FRANKLIN RESOURCES INC COM 354613101 1,852,500 45,600 X 1 45,600
FREMONT GENERAL CORP COM 357288109 12,049,800 638,400 X 1 638,400
FRONTIER CORP COM 35906P105 32,450,000 550,000 X 1 550,000
FURNITURE BRANDS INTL INC COM 360921100 21,906,963 785,900 X 1 785,900
GPU INC COM 36225X100 29,531,250 700,000 X 1 700,000
GPU INC COM 36225X100 21,094 500 X 500
GTE CORP COM 362320103 72,189,750 953,000 X 1 953,000
GALLAHER GROUP PLC - ADR COM 363595109 5,327,375 218,000 X 1 218,000
GEHL CO COM 368483103 2,342,925 115,700 X 1 115,700
GENERAL DYNAMICS CORP COM 369550108 27,975,400 408,400 X 1 408,400
GENERAL ELECTRIC CO COM 369604103 40,397,500 357,500 X 1 357,500
GENERAL ELECTRIC CO COM 369604103 79,100 700 X 700
GENERAL MILLS INC COM 370334104 11,035,488 137,300 X 1 137,300
GENERAL MOTORS CORP COM 370442105 20,380,800 308,800 X 1 308,800
GENERAL MOTORS CORP COM 370442105 26,400 400 X 400
GENESCO INC COM 371532102 1,944,094 133,500 X 1 133,500
GEORGIA PACIFIC CORP COM 373298108 11,767,950 248,400 X 1 248,400
GEORGIA PACIFIC CORP COM 373298108 28,425 600 X 600
GOLDEN STATE BANCORP COM 381197102 1,355,200 61,600 X 1 61,600
GOLDEN STATE BANCORP-LITIG WT COM 381197136 203,438 155,000 X 1 155,000
B F GOODRICH CO COM 382388106 14,866,500 349,800 X 1 349,800
GOODYEAR TIRE & RUBBER CO COM 382550101 6,222,363 105,800 X 1 105,800
W R GRACE & CO COM 38388F108 3,472,875 189,000 X 1 189,000
GRANITE CONSTRUCTION INC COM 387328107 4,965,538 169,400 X 1 169,400
GREENPOINT FINANCIAL CORP COM 395384100 14,312,813 436,200 X 1 436,200
GRUPO TELEVISA SA-SPONS GDR COM 40049J206 2,791,819 62,300 X 1 62,300
GULF CANADA RES LTD COM 40218L305 628,125 150,000 X 1 150,000
HA-LO INDUSTRIES INC COM 404429102 2,838,075 287,400 X 1 287,400
HARLEY DAVIDSON COM 412822108 4,023,750 74,000 X 1 74,000
HARMAN INTERNATIONAL INC NEW COM 413086109 2,208,800 50,200 X 1 50,200
HARTE-HANKS COMMUNICATIONS COM 416196103 4,698,050 173,200 X 1 173,200
HARTFORD LIFE CL A COM 416592103 3,783,738 71,900 X 1 71,900
HEALTHSOUTH CORP COM 421924101 15,251,188 1,021,000 X 1 1,021,000
HEALTHSOUTH CORP COM 421924101 22,406 1,500 X 1,500
HEALTH MGMT SYSTEMS INC COM 42219M100 1,164,350 211,700 X 1 211,700
H J HEINZ CO COM 423074103 18,661,538 372,300 X 1 372,300
HENRY JACK & ASSOCIATES COM 426281101 3,328,400 84,800 X 1 84,800
HENRY JACK & ASSOCIATES COM 426281101 19,625 500 X 500
HERTZ CORP-CL A COM 428040109 5,394,000 87,000 X 1 87,000
HERTZ CORP-CL A COM 428040109 24,800 400 X 400
HEWLETT-PACKARD CO COM 428236103 14,351,400 142,800 X 1 142,800
HIBERNIA CORP COM 428656102 1,989,175 126,800 X 1 126,800
HONEYWELL INC COM 438506107 10,915,425 94,200 X 1 94,200
HONEYWELL INC COM 438506107 34,763 300 X 300
HOOPER HOLMES INC COM 439104100 3,755,113 184,300 X 1 184,300
HOOPER HOLMES INC COM 439104100 36,675 1,800 X 1,800
HUMANA INC COM 444859102 401,063 31,000 X 1 31,000
INDIAN PETROCHEMICALS-SP GDR COM 446095SDL 120,475 15,800 X 1 15,800
HYPERION SOLUTIONS CORP COM 44914M104 1,973,714 110,805 X 1 110,805
IBP INC COM 449223106 1,738,500 73,200 X 1 73,200
IBP INC COM 449223106 26,125 1,100 X 1,100
IMC GLOBAL INC COM 449669100 1,700,813 96,500 X 1 96,500
IDEXX LABS INC COM 45168D104 1,450,038 62,200 X 1 62,200
INACOM CORP COM 45323G109 4,122,063 326,500 X 1 326,500
INACOM CORP COM 45323G109 26,513 2,100 X 2,100
INGERSOLL RAND CO COM 456866102 19,187,163 296,900 X 1 296,900
INGERSOLL RAND CO COM 456866102 32,313 500 X 500
INNOVEX INC COM 457647105 1,825,600 130,400 X 1 130,400
INTEGRATED HEALTH SERVICES COM 45812C106 1,468,272 183,534 X 1 183,534
INTEL CORP COM 458140100 17,320,450 291,100 X 1 291,100
INTEL CORP COM 458140100 47,600 800 X 800
INTERFACE INC A COM 458665106 1,733,625 201,000 X 1 201,000
INTERIM SERVICES INC COM 45868P100 2,132,625 103,400 X 1 103,400
INTL BUSINESS MACHINES CORP COM 459200101 81,116,783 627,596 X 1 627,596
INTL BUSINESS MACHINES CORP COM 459200101 103,400 800 X 800
INTERNATIONAL GAME TECH COM 459902102 925,000 50,000 X 1 50,000
INTERNATIONAL PAPER CO COM 460146103 717,100 14,200 X 1 14,200
INTL SPECIALTY PRODUCTS INC COM 460337108 2,241,250 220,000 X 1 220,000
INTERSTATE BAKERIES COM 46072H108 6,794,075 302,800 X 1 302,800
IRISH INVESTMENT FUND COM 462710104 1,980,000 120,000 X 1 120,000
ISLE OF CAPRI CASINOS COM 464592104 1,031,250 150,000 X 1 150,000
IVAX CORP COM 465823102 1,495,838 105,900 X 1 105,900
JACOBS ENGINEERING GROUP INC COM 469814107 4,434,600 116,700 X 1 116,700
JOHNSON & JOHNSON COM 478160104 15,768,200 160,900 X 1 160,900
JOHNSON & JOHNSON COM 478160104 29,400 300 X 300
JOHNSON CONTROLS INC COM 478366107 6,418,338 92,600 X 1 92,600
JONES APPAREL GROUP INC COM 480074103 7,061,513 205,800 X 1 205,800
JONES PHARMA INC COM 480236108 2,291,625 58,200 X 1 58,200
KLM ROYAL DUTCH AIRLINES NY SH COM 482516101 222,788 7,800 X 1 7,800
K MART CORP COM 482584109 14,234,875 866,000 X 1 866,000
K MART CORP COM 482584109 26,300 1,600 X 1,600
K N ENERGY INC COM 482620101 2,538,575 189,800 X 1 189,800
K N ENERGY INC 8.25% PREFD PFD CV 482620507 5,821,875 225,000 X 1 225,000
KANSAS CITY PWR & LT CO COM 485134100 10,200,000 400,000 X 1 400,000
KAYDON CORP COM 486587108 3,829,888 113,900 X 1 113,900
KEANE INC COM 486665102 1,737,600 76,800 X 1 76,800
KELLOGG CO COM 487836108 3,775,200 114,400 X 1 114,400
KELLWOOD CO COM 488044108 2,153,725 79,400 X 1 79,400
KENDLE INTERNATIONAL COM 48880L107 1,187,200 74,200 X 1 74,200
KERR MCGEE CORP COM 492386107 3,673,725 73,200 X 1 73,200
KIMBERLY CLARK CORP COM 494368103 9,752,700 171,100 X 1 171,100
KINDER MORGAN ENERGY PRTNRS COM 494550106 3,263,400 88,200 X 1 88,200
KOLLMORGEN SUB DEB CONV S D CV 500440AA0 502,000 502,000 X 1 502,000
KONINKLIJKE PHILIPS ELECTRONIC COM 500472204 2,195,847 21,768 X 1 21,768
KOOR INDUSTRIES LTD-SPON ADR COM 500507108 303,875 13,000 X 1 13,000
KOREA ELECTRIC POWER ADR COM 500631106 2,474,350 120,700 X 1 120,700
KOREA FUND COM 500634100 2,281,825 153,400 X 1 153,400
KROGER CO COM 501044101 32,647,763 1,168,600 X 1 1,168,600
KROGER CO COM 501044101 27,938 1,000 X 1,000
KUALA HEALTHCARE INC COM 501157101 165,624 176,666 X 1 176,666
LG&E ENERGY CORP COM 501917108 2,996,700 142,700 X 1 142,700
LAFARGE CORP COM 505862102 2,764,125 78,000 X 1 78,000
LANDAMERICA COM 514936103 3,087,750 107,400 X 1 107,400
LEGGETT & PLATT INC COM 524660107 2,441,938 87,800 X 1 87,800
LEHMAN BROTHERS HLDG INC COM 524908100 7,146,300 114,800 X 1 114,800
LENNAR CORP COM 526057104 1,588,800 66,200 X 1 66,200
LEXMARK INTL COM 529771107 4,095,875 62,000 X 1 62,000
LIBERTY PROPERTY TRUST COM 531172104 860,675 34,600 X 1 34,600
ELI LILLY & CO COM 532457108 23,371,238 326,300 X 1 326,300
ELI LILLY & CO COM 532457108 50,138 700 X 700
LINCARE HOLDINGS INC COM 532791100 14,997,500 599,900 X 1 599,900
LINEAR TECHNOLOGY CORP COM 535678106 11,163,500 166,000 X 1 166,000
LIZ CLAIBORNE INC COM 539320101 408,800 11,200 X 1 11,200
LOCKHEED MARTIN CORP COM 539830109 5,889,225 158,100 X 1 158,100
LOEWS CORP COM 540424108 11,465,213 144,900 X 1 144,900
LOEWS CORP COM 540424108 23,738 300 X 300
LONE STAR INDUSTRIES COM 542290408 4,473,694 119,100 X 1 119,100
LONE STAR INDUSTRIES COM 542290408 22,538 600 X 600
LOWES COMPANIES INC COM 548661107 13,775,063 243,000 X 1 243,000
LOWES COMPANIES INC COM 548661107 51,019 900 X 900
LUCENT TECHNOLOGIES INC COM 549463107 61,476,025 911,600 X 1 911,600
LUCENT TECHNOLOGIES INC COM 549463107 33,719 500 X 500
MBIA INC COM 55262C100 582,750 9,000 X 1 9,000
MCN ENERGY GROUP INC COM 55267J100 17,845,000 860,000 X 1 860,000
MCI WORLDCOM INC COM 55268B106 92,619,649 1,073,851 X 1 1,073,851
MCI WORLDCOM INC COM 55268B106 51,750 600 X 600
MDU RESOURCES GROUP COM 552690109 5,988,281 262,500 X 1 262,500
MGIC INV CORP COM 552848103 3,384,300 69,600 X 1 69,600
MACLEOD-STEDMAN COM 55477D109 4,250 425,000 X 1 425,000
MACROMEDIA INC COM 556100105 3,327,600 94,400 X 1 94,400
MAGNA INTERNATIONAL INC-CL COM 559222401 510,750 9,000 X 1 9,000
MANITOWOC INC COM 563571108 8,724,600 209,600 X 1 209,600
MANPOWER COM 56418H100 509,063 22,500 X 1 22,500
MARSH & MCLENNAN CO INC COM 571748102 11,347,650 150,300 X 1 150,300
MASCO CORP COM 574599106 25,441,763 881,100 X 1 881,100
MASCO CORP COM 574599106 31,763 1,100 X 1,100
MATTEL INC COM 577081102 846,000 32,000 X 1 32,000
MAXIM INTEGRATED SERVICES COM 57772K101 11,770,500 177,000 X 1 177,000
MAXXIM MEDICAL INC COM 57777G105 1,638,869 70,300 X 1 70,300
MAYTAG CORP COM 578592107 28,983,031 415,900 X 1 415,900
MCCLATCHY COMPANY COM 579489105 3,378,750 102,000 X 1 102,000
MEDICIS PHARMACEUTICAL CL A COM 584690309 6,126,794 241,450 X 1 241,450
MERCK & CO INC COM 589331107 44,858,800 606,200 X 1 606,200
MERCK & CO INC COM 589331107 59,200 800 X 800
MERITOR AUTOMOTIVE INC COM 59000G100 1,550,400 60,800 X 1 60,800
MERRILL LYNCH & CO INC COM 590188108 29,377,031 367,500 X 1 367,500
METAMOR WORLDWIDE INC COM 59133P100 2,728,688 113,400 X 1 113,400
METRIS COMPANIES INC COM 591598107 8,821,642 216,482 X 1 216,482
METRIS COMPANIES INC COM 591598107 734 18 X 18
METROCALL INC COM 591647102 275,000 100,000 X 1 100,000
MICHAEL FOODS INC COM 594079105 4,772,850 203,100 X 1 203,100
MICHAEL FOODS INC COM 594079105 30,550 1,300 X 1,300
MICROSOFT CORP COM 594918104 63,032,044 698,900 X 1 698,900
MICROSOFT CORP COM 594918104 180,375 2,000 X 2,000
MIDAS INC COM 595626102 1,308,088 46,100 X 1 46,100
MIDAMERICAN ENERGY HLDGS CO COM 59562V107 6,139,013 177,300 X 1 177,300
MIDWEST EXPRESS HOLDINGS COM 597911106 329,800 9,700 X 1 9,700
MILACRON INC COM 598709103 2,171,900 117,400 X 1 117,400
MILLER HERMAN INC COM 600544100 20,521,200 977,200 X 1 977,200
MINNESOTA MINING & MFG CO COM 604059105 599,869 6,900 X 1 6,900
MINNESOTA POWER INC COM 604110106 6,201,000 312,000 X 1 312,000
MOBIL CORP COM 607059102 29,026,800 293,200 X 1 293,200
MOBIL CORP COM 607059102 29,700 300 X 300
MOHAWK INDUSTRIES INC COM 608190104 3,462,750 114,000 X 1 114,000
MONSANTO CO COM 611662107 11,705,050 296,800 X 1 296,800
J P MORGAN & CO INC COM 616880100 11,521,000 82,000 X 1 82,000
MORGAN STANLEY DEAN WITTER COM 617446448 16,154,000 157,600 X 1 157,600
MORGAN STANLEY DEAN WITTER COM 617446448 71,750 700 X 700
MORGAN STANLEY DEAN WITTER COM 61744G107 642,725 54,700 X 1 54,700
MOTOROLA INC COM 620076109 29,078,775 306,900 X 1 306,900
MOTOROLA INC COM 620076109 56,850 600 X 600
MUELLER INDUSTRIES INC COM 624756102 9,488,925 279,600 X 1 279,600
MUELLER INDUSTRIES INC COM 624756102 27,150 800 X 800
MUSICLAND STORES CORP COM 62758B109 1,503,425 169,400 X 1 169,400
MYLAN LABORATORIES, INC COM 628530107 5,045,600 190,400 X 1 190,400
NCR CORP COM 62886E108 3,905,000 80,000 X 1 80,000
NVR INC COM 62944T105 8,511,781 163,100 X 1 163,100
NACCO INDUSTRIES INC CL A COM 629579103 3,755,850 51,100 X 1 51,100
NBCMT 1993-2 B S D CV 638586AB3 985,352 1,000,000 X 1,000,000
NATIONWIDE FINANCIAL SERV A COM 638612101 11,832,875 261,500 X 1 261,500
NAUTICA COM 639089101 4,053,375 240,200 X 1 240,200
NAVISTAR INTERNATIONAL COM 63934E108 13,035,000 260,700 X 1 260,700
JAPAN OTC FUND INC COM 647305SDL 258,750 250 X 1 250
NEW YORK TIMES CO CLASS A COM 650111107 3,920,531 106,500 X 1 106,500
NEWELL RUBBERMAID INC COM 651229106 748,650 16,100 X 1 16,100
NEWELL RUBBERMAID INC COM 651229106 14,648 315 X 315
NEXTEL COMMUNICATIONS CL A COM 65332V103 3,131,349 62,393 X 1 62,393
NEXTEL COMMUN 11.125% PIK PFD PFD CV 65332V707 24,874,090 24,874 X 1 24,874
NEXTEL COMMUN 11.125% PIK PFD PFD CV 65332V707 1,628,644 1,629 X 1,629
NICOR INC COM 654086107 2,755,725 72,400 X 1 72,400
NISOURCE INC COM 65473P105 7,728,263 299,400 X 1 299,400
NOKIA CORP ADR A COM 654902204 2,637,000 28,800 X 1 28,800
NOBLE DRILLING CORP COM 655042109 3,075,188 156,200 X 1 156,200
NORDSTROM INC COM 655664100 800,650 23,900 X 1 23,900
NORRELL CORP COM 656301108 2,360,969 125,500 X 1 125,500
NORTEK INC. COM 656559101 2,004,000 64,000 X 1 64,000
NORTH FORK BANCORPORATION COM 659424105 6,018,650 282,400 X 1 282,400
NORTHEAST UTILITIES COM 664397106 4,273,300 241,600 X 1 241,600
NORTHERN TRUST CORP COM 665859104 8,051,000 83,000 X 1 83,000
NOVELLUS SYSTEMS INC COM 670008101 4,866,225 71,300 X 1 71,300
NUCOR CORP COM 670346105 351,038 7,400 X 1 7,400
OGE ENERGY CORP COM 670837103 2,636,250 111,000 X 1 111,000
OAKWOOD HOMES CORP COM 674098108 1,539,563 117,300 X 1 117,300
OCULAR SCIENCES INC COM 675744106 436,113 25,100 X 1 25,100
OFFICE DEPOT INC COM 676220106 19,957,738 904,600 X 1 904,600
OGDEN CORP COM 676346109 9,290,744 344,900 X 1 344,900
OGDEN CORP COM 676346109 43,100 1,600 X 1,600
OLD REPUBLIC INTL CORP COM 680223104 5,727,408 330,825 X 1 330,825
OMNICARE INC COM 681904108 1,439,250 114,000 X 1 114,000
OMNICOM GROUP COM 681919106 44,392,000 554,900 X 1 554,900
OMNICOM GROUP COM 681919106 40,000 500 X 500
ORACLE CORP COM 68389X105 8,631,563 232,500 X 1 232,500
ORION CAPITAL CORP COM 686268103 1,879,850 52,400 X 1 52,400
OSTEOTECH INC COM 688582105 7,792,688 271,050 X 1 271,050
OWENS & MINOR INC HLDG CO COM 690732102 1,834,800 166,800 X 1 166,800
PECO ENERGY CO COM 693304107 23,776,625 567,800 X 1 567,800
P G & E CORP COM 69331C108 6,587,750 202,700 X 1 202,700
P G & E CORP COM 69331C108 19,500 600 X 600
PRI AUTOMATION INC COM 69357H106 5,568,000 153,600 X 1 153,600
PRI AUTOMATION INC COM 69357H106 36,250 1,000 X 1,000
PACIFIC CENTURY FINL CORP COM 694058108 580,031 26,900 X 1 26,900
PACIFICARE HEALTH SYSTEMS - A COM 695112102 3,172,444 44,100 X 1 44,100
PAINE WEBBER GROUP INC COM 695629105 21,706,025 464,300 X 1 464,300
PARK ELECTROCHEMICAL CORP COM 700416209 5,011,125 174,300 X 1 174,300
PARKER DRILLING CO COM 701081101 331,250 100,000 X 1 100,000
PATTERSON DENTAL CO COM 703412106 6,649,413 191,350 X 1 191,350
PAYCHEX INC COM 704326107 4,851,758 152,212 X 1 152,212
PEDIATRIX MEDICAL GROUP INC COM 705324101 633,250 29,800 X 1 29,800
PENTAIR INC COM 709631105 2,109,075 46,100 X 1 46,100
PEOPLES HERITAGE FINL GRP INC COM 711147108 7,140,284 379,550 X 1 379,550
PEPSICO INC COM 713448108 3,930,650 101,600 X 1 101,600
PERSONNEL GROUP OF AMER INC COM 715338109 830,000 83,000 X 1 83,000
PHARMACIA & UPJOHN INC COM 716941109 29,406,150 517,600 X 1 517,600
PFIZER INC COM 717081103 21,620,750 197,000 X 1 197,000
PFIZER INC COM 717081103 65,850 600 X 600
PHELPS DODGE CORP COM 717265102 12,889,194 208,100 X 1 208,100
PHILIP MORRIS CO INC COM 718154107 32,776,925 815,600 X 1 815,600
PHILIP MORRIS CO INC COM 718154107 60,281 1,500 X 1,500
PHILIPPINE LONG DIST TEL ADR COM 718252604 2,569,663 85,300 X 1 85,300
PHILLIPS PETROLEUM CO COM 718507106 13,544,125 269,200 X 1 269,200
PIEDMONT NATURAL GAS CO INC COM 720186105 4,046,250 130,000 X 1 130,000
PIER 1 IMPORTS COM 720279108 4,941,000 439,200 X 1 439,200
PINNACLE WEST CAPITAL CORP COM 723484101 18,032,000 448,000 X 1 448,000
PIONEER NATURAL RESOURCES CO COM 723787107 166,210 15,110 X 1 15,110
PLEXUS CORP COM 729132100 4,862,175 161,400 X 1 161,400
POHANG IRON AND STEEL ADR COM 730450103 941,500 28,000 X 1 28,000
POOL ENERGY SERVICES CO COM 732788104 1,222,813 60,200 X 1 60,200
PORTUGAL TELECOM ADR COM 737273102 1,107,944 26,900 X 1 26,900
POTASH CORP SASKATCHEWAN COM 73755L107 2,452,950 47,400 X 1 47,400
PRECISION CASTPARTS CORP COM 740189105 4,934,250 116,100 X 1 116,100
PREMARK INTERNATIONAL INC COM 740459102 11,133,750 296,900 X 1 296,900
PREMISYS COMMUNICATIONS INC COM 740584107 1,173,656 160,500 X 1 160,500
PRICE COMMUNICATIONS CORP COM 741437305 23,556,540 1,570,436 X 1 1,570,436
PRIDE PETROLEUM INTERNATIONAL COM 741932107 3,207,831 303,700 X 1 303,700
PRIDE PETROLEUM INTERNATIONAL COM 741932107 28,519 2,700 X 2,700
PROCTER & GAMBLE CO COM 742718109 6,925,800 77,600 X 1 77,600
PROCTER & GAMBLE CO COM 742718109 35,700 400 X 400
PROGRESS SOFTWARE CORP COM 743312100 3,582,100 126,800 X 1 126,800
PROLOGIS TRUST COM 743410102 830,250 41,000 X 1 41,000
PROTECTIVE LIFE CORP COM 743674103 1,537,800 46,600 X 1 46,600
PUBLIC SERVICE CO NEW MEX COM 744499104 10,887,525 547,800 X 1 547,800
PUBLIC SERVICE CO NEW MEX COM 744499104 15,900 800 X 800
PUBLIC SERVICE ENTER GROUP INC COM 744573106 4,087,500 100,000 X 1 100,000
PUGET SOUND ENERGY INC COM 745332106 2,988,000 124,500 X 1 124,500
QLOGIC CORP COM 747277101 10,560,000 80,000 X 1 80,000
QUAKER OATS CO COM 747402105 7,546,838 113,700 X 1 113,700
QUAKER OATS CO COM 747402105 33,188 500 X 500
QUALCOMM INC COM 747525103 5,740,000 40,000 X 1 40,000
QUANEX CORP COM 747620102 2,394,000 84,000 X 1 84,000
QUEST DIAGNOSTICS COM 74834L100 1,037,513 37,900 X 1 37,900
FALCON DRILLING COMPANY INC COM 74912E101 10,471,875 1,117,000 X 1 1,117,000
RTI INTERNATIONAL METALS COM 74973W107 4,066,969 276,900 X 1 276,900
RALCORP HOLDINGS, INC. COM 751028101 1,516,300 94,400 X 1 94,400
RAYMOND JAMES FINANCIAL INC COM 754730109 4,050,225 169,200 X 1 169,200
RAYTHEON CO CLASS A COM 755111309 482,125 7,000 X 1 7,000
REHABCARE GROUP INC COM 759148109 3,414,625 185,200 X 1 185,200
REHABCARE GROUP INC COM 759148109 27,656 1,500 X 1,500
RELIANCE IND GDR COM 759470107 121,200 12,000 X 1 12,000
RELIANT ENERGY INC COM 75952J108 21,707,725 785,800 X 1 785,800
REPSOL SA ADS (NYSE) COM 76026T205 670,313 33,000 X 1 33,000
RESOURCE AMERICA INC-CL A COM 761195205 2,415,700 166,600 X 1 166,600
RESOURCE BANCSHARES MTG GRP COM 761197102 4,038,500 394,000 X 1 394,000
RESOURCE BANCSHARES MTG GRP COM 761197102 11,275 1,100 X 1,100
RICHFOOD HOLDINGS INC COM 763408101 616,875 35,000 X 1 35,000
RITE AID CORP COM 767754104 9,012,750 366,000 X 1 366,000
ROBERT HALF INTL INC COM 770323103 717,600 27,600 X 1 27,600
ROSS STORES COM 778296103 15,968,875 317,000 X 1 317,000
ROSS STORES COM 778296103 35,263 700 X 700
ROYAL DUTCH PETRO-NY SHARES COM 780257804 18,876,325 313,300 X 1 313,300
ROYAL DUTCH PETRO-NY SHARES COM 780257804 48,200 800 X 800
RUSS BERRIE & CO INC COM 782233100 3,385,800 136,800 X 1 136,800
RYERSON TULL INC COM 78375P107 1,512,725 67,046 X 1 67,046
SBC COMMUNICATIONS INC COM 78387G103 45,390,800 782,600 X 1 782,600
SK TELECOM CO LTD-ADR COM 78440P108 1,014,458 59,674 X 1 59,674
SPS TECHNOLOGIES, IN COM 784626103 990,000 26,400 X 1 26,400
SAFEWAY INC COM 786514208 8,476,380 171,240 X 1 171,240
SAFEWAY INC COM 786514208 39,600 800 X 800
ST JOHNSBURY TRUCKING CO COM 79099L109 2,046 204,637 X 1 204,637
ST PAUL COMPANIES INC COM 792860108 3,753,875 118,000 X 1 118,000
SAKS INCORPORATED COM 79377W108 3,297,525 114,200 X 1 114,200
SAMSUNG ELEC GDS COMMON COM 796050888 1,166,976 21,691 X 1 21,691
SANMINA CORPX COM 800907107 8,141,388 107,300 X 1 107,300
SCHERING-PLOUGH CORP COM 806605101 18,746,100 353,700 X 1 353,700
SCHERING-PLOUGH CORP COM 806605101 53,000 1,000 X 1,000
SCHLUMBERGER LTD COM 806857108 23,551,638 369,800 X 1 369,800
SCHLUMBERGER LTD COM 806857108 31,844 500 X 500
SCHULMAN (A) INC COM 808194104 1,294,219 75,300 X 1 75,300
SCOTTISH POWER PLC-ADR COM 81013T705 1,536,500 43,900 X 1 43,900
SCUDDER NEW ASIA FD INC COM 811183102 727,031 49,500 X 1 49,500
SEACOR SMIT INC COM 811904101 5,943,850 111,100 X 1 111,100
SEARS ROEBUCK & CO COM 812387108 7,130,000 160,000 X 1 160,000
SEMTECH CORP COM 816850101 10,252,988 196,700 X 1 196,700
SEMPRA ENERGY COM 816851109 10,475,375 463,000 X 1 463,000
SHARED MEDICAL SYSTEMS INC COM 819486101 3,393,000 52,000 X 1 52,000
SHERWIN WILLIAMS CO COM 824348106 432,900 15,600 X 1 15,600
SHOPKO STORES INC COM 824911101 6,477,875 178,700 X 1 178,700
SIEBEL SYSTEMS INC COM 826170102 4,978,125 75,000 X 1 75,000
SIEBEL SYSTEMS INC COM 826170102 33,188 500 X 500
SIERRA PACIFIC RESOURCES COM 826425100 13,880,700 381,600 X 1 381,600
SKYWEST INC COM 830879102 2,027,419 81,300 X 1 81,300
SMITHFIELD FOODS INC COM 832248108 2,016,281 60,300 X 1 60,300
SOUTHERN CO COM 842587107 7,950,000 300,000 X 1 300,000
SOUTHERN CO COM 842587107 18,550 700 X 700
SOUTHERN PERU COPPER COM 843611104 368,156 25,500 X 1 25,500
SPRINT CORP (FON GROUP) COM 852061100 2,292,063 43,400 X 1 43,400
SPRINT CORP PCS COM 852061506 914,000 16,000 X 1 16,000
STERLING SOFTWARE COM 859547101 10,525,550 394,400 X 1 394,400
SUN CARRIERS INC COM 86664L109 8,476 847,600 X 1 847,600
SUN MICROSYSTEMS INC COM 866810104 18,968,175 275,400 X 1 275,400
SUNGARD DATA SYSTEMS INC COM 867363103 1,776,750 51,500 X 1 51,500
SUNOCO INC COM 86764P109 543,375 18,000 X 1 18,000
SUNTERRA RESORTS INC COM 86787D109 3,712,950 266,400 X 1 266,400
SYMANTEC CORP COM 871503108 3,225,750 126,500 X 1 126,500
SYSTEMS & COMPUTER TECH CORP COM 871873105 3,693,050 253,600 X 1 253,600
TJX COMPANIES, INC COM 872540109 21,703,094 651,500 X 1 651,500
TJX COMPANIES, INC COM 872540109 53,300 1,600 X 1,600
TAIWAN FUND INC COM 874036106 1,772,050 85,400 X 1 85,400
TANDY CORP COM 875382103 22,287,000 456,000 X 1 456,000
TECHNOLOGY SOLUTIONS CO COM 87872T108 629,288 58,200 X 1 58,200
TEKTRONIX INC COM 879131100 5,939,391 196,750 X 1 196,750
TELENORTE LESTE PATICIP-ADR COM 879246106 5,438,813 293,000 X 1 293,000
TELECOM ARGENTINA COM 879273209 727,600 27,200 X 1 27,200
TELECOM NEW ZEALAND-SP ADR COM 879278208 7,801,544 223,300 X 1 223,300
TELECOM ITALIA SPA-SP ADR COM 87927W106 33,091,988 314,600 X 1 314,600
TELECOMUNICACOES BRASIL ADR COM 879287100 1,838 29,400 X 1 29,400
TELEBRAS-SPONS ADR PFD BLOCK COM 879287308 2,694,532 29,877 X 1 29,877
TELEFONICA SA-SPON ADR COM 879382208 30,346,600 206,264 X 1 206,264
TELEFONOS DE MEXICO-CL L ADR COM 879403780 24,243,750 300,000 X 1 300,000
TELESP PARTICIPACOES ADR COM 87952K100 283,650 12,400 X 1 12,400
TELLABS INC COM 879664100 17,066,288 252,600 X 1 252,600
TELLABS INC COM 879664100 40,538 600 X 600
TEMPLETON EMERGING MKTS FD COM 880191101 644,088 43,300 X 1 43,300
TERADYNE INC COM 880770102 30,242,553 421,499 X 1 421,499
TERADYNE INC COM 880770102 35,875 500 X 500
TEREX CORP COM 880779103 4,230,813 139,000 X 1 139,000
TEREX CORP COM 880779103 76,094 2,500 X 2,500
TESORO PETROLEUM CORP COM 881609101 2,263,125 142,000 X 1 142,000
TEXACO INC COM 881694103 4,618,750 73,900 X 1 73,900
TEXAS INDUSTRIES INC COM 882491103 5,177,000 133,600 X 1 133,600
TEXAS INSTRUMENTS INC COM 882508104 52,098,500 359,300 X 1 359,300
TEXAS INSTRUMENTS INC COM 882508104 101,500 700 X 700
TEXAS UTILITIES CO COM 882848104 57,861,375 1,402,700 X 1 1,402,700
THAI FUND COM 882904105 708,275 69,100 X 1 69,100
TEXTRON INC COM 883203101 25,903,744 314,700 X 1 314,700
TIDEWATER INC COM 886423102 469,700 15,400 X 1 15,400
TIFFANY & CO COM 886547108 3,116,950 32,300 X 1 32,300
TOLL BROTHERS INC COM 889478103 3,226,344 150,500 X 1 150,500
TOTAL RENAL CARE COM 89151A107 8,715,000 560,000 X 1 560,000
TOYOTA MOTOR ADR COM 892331307 1,728,000 27,000 X 1 27,000
TOYS R US INC COM 892335100 10,699,575 517,200 X 1 517,200
TRAVELERS PROPERTY CASUALTY COM 893939108 11,733,588 299,900 X 1 299,900
TREDEGAR CORP COM COM 894650100 2,675,250 123,000 X 1 123,000
TRICON GLOBAL RESTAURANTS COM 895953107 9,520,588 175,900 X 1 175,900
TRIGON HEALTHCARE INC. COM 89618L100 2,106,113 57,900 X 1 57,900
TYCO INT'L LTD COM 902124106 31,959,175 337,300 X 1 337,300
TYCO INT'L LTD COM 902124106 47,375 500 X 500
TYSON FOODS INC-CL A COM 902494103 7,335,000 326,000 X 1 326,000
U G I CORP COM 902681105 2,586,019 128,100 X 1 128,100
USX-MARATHON GROUP COM 902905827 553,563 17,000 X 1 17,000
USX-MARATHON GROUP COM 902905827 22,794 700 X 700
UNUM CORP COM 903192102 602,250 11,000 X 1 11,000
URS CORP COM 903236107 2,148,606 73,300 X 1 73,300
USG CORP NEW COM 903293405 4,284,000 76,500 X 1 76,500
USX-US STEEL GROUP COM 90337T101 2,586,600 95,800 X 1 95,800
ULTRAMED COM 904006AAA 0 450,000 X 1 450,000
UNICOM CORPORATION COM 904911104 28,058,075 727,600 X 1 727,600
UNIONBANCAL CORPORATION COM 908906100 3,710,038 102,700 X 1 102,700
UNISYS CORP COM 909214108 40,101,731 1,029,900 X 1 1,029,900
UNISYS CORP COM 909214108 66,194 1,700 X 1,700
UNITED AUTO GROUP INC COM 909440109 3,084,225 300,900 X 1 300,900
UNITED HEALTHCARE CORP COM 910581107 15,831,600 252,800 X 1 252,800
UNITED HEALTHCARE CORP COM 910581107 50,100 800 X 800
UNITED ILLUMINATING CO COM 910637107 1,192,494 28,100 X 1 28,100
US AIRWAYS GROUP INC COM 911905107 3,772,513 86,600 X 1 86,600
U S HOME CORP COM 911920106 1,108,239 31,218 X 1 31,218
US WEST INC COM 91273H101 27,324,625 465,100 X 1 465,100
US WEST INC COM 91273H101 17,625 300 X 300
UNITED STATIONERS INC COM 913004107 3,658,600 166,300 X 1 166,300
UNITED STATIONERS INC COM 913004107 30,800 1,400 X 1,400
UNITED TECHNOLOGIES CORP COM 913017109 19,018,694 265,300 X 1 265,300
UNITED TECHNOLOGIES CORP COM 913017109 57,350 800 X 800
UNIVERSAL CORP HOLDING CO COM 913456109 3,224,813 113,400 X 1 113,400
UNIVERSAL CORP HOLDING CO COM 913456109 14,219 500 X 500
UNIVERSAL HEALTH SERVICES - B COM 913903100 18,307,350 383,400 X 1 383,400
USFREIGHTWAYS CORPORATION COM 916906100 7,924,069 171,100 X 1 171,100
UTILICORP UNITED INC COM 918005109 9,401,644 386,700 X 1 386,700
V F CORP COM 918204108 9,554,625 223,500 X 1 223,500
VALASSIS COMM. INC COM 918866104 11,639,425 317,800 X 1 317,800
VARCO INTERNATIONAL INC COM 922126107 2,460,938 225,000 X 1 225,000
VARLEN CORP COM 922248109 8,195,823 202,366 X 1 202,366
VARLEN CORP COM 922248109 35,438 875 X 875
VERITAS DGC INC COM 92343P107 3,625,875 198,000 X 1 198,000
VERITAS DGC INC COM 92343P107 20,144 1,100 X 1,100
VIACOM INC CL A COM 925524100 1,275,213 28,900 X 1 28,900
VIACOM INC CL B COM 925524308 1,170,400 26,600 X 1 26,600
VISX INC COM 92844S105 2,700,294 34,100 X 1 34,100
VITESSE SEMICONDUCTOR CORP COM 928497106 9,036,625 134,000 X 1 134,000
VITESSE SEMICONDUCTOR CORP COM 928497106 33,719 500 X 500
VODAFONE AIRTOUCH PLC-ADR COM 92857T107 2,364,000 12,000 X 1 12,000
VULCAN MATERIALS CO COM 929160109 7,251,975 150,300 X 1 150,300
WEBS - JAPAN INDEX SERIES COM 92923H889 693,750 55,500 X 1 55,500
WAL-MART STORES INC COM 931142103 32,259,950 668,600 X 1 668,600
WAL-MART STORES INC COM 931142103 106,150 2,200 X 2,200
WARNER-LAMBERT CO COM 934488107 35,859,938 516,900 X 1 516,900
WARNER-LAMBERT CO COM 934488107 48,563 700 X 700
WASHINGTON MUTUAL INC COM 939322103 3,056,400 86,400 X 1 86,400
WASTE MANAGEMENT INC COM 94106L109 2,381,125 44,300 X 1 44,300
WATSON PHARMACEUTICALS COM 942683103 5,967,638 170,200 X 1 170,200
WAUSAU-MOSINEE PAPER CORP COM 943315101 1,478,160 82,120 X 1 82,120
WEBSTER FINANCIAL CORP COM 947890109 2,530,763 93,300 X 1 93,300
WELLPOINT HEALTH NETWORKS COM 94973H108 16,194,150 190,800 X 1 190,800
WELLS FARGO & CO COM 949746101 13,684,275 320,100 X 1 320,100
WELLS FARGO & CO COM 949746101 42,750 1,000 X 1,000
WESTVACO CORP COM 961548104 580,000 20,000 X 1 20,000
WHIRLPOOL CORP COM 963320106 747,400 10,100 X 1 10,100
WHITTMAN-HART INC COM 966834103 4,781,550 150,600 X 1 150,600
WILLIAMS COMPANIES INC COM 969457100 40,872,769 960,300 X 1 960,300
WILLIAMS CO INC $3.50 CV PFD PFD CV 969457506 7,614,859 37,000 X 1 37,000
WINNEBAGO INDUSTRIES COM 974637100 922,500 41,000 X 1 41,000
WYNNS INTERNATIONAL INC COM 983195108 5,823,484 315,850 X 1 315,850
XILINIX INC COM 983919101 10,763,000 188,000 X 1 188,000
XIRCOM INC COM 983922105 1,572,269 52,300 X 1 52,300
XTRA CORP COM 984138107 2,218,781 48,300 X 1 48,300
YORK INTERNATIONAL CORP COM 986670107 2,037,875 47,600 X 1 47,600
ZALE CORP COM 988858106 4,616,000 115,400 X 1 115,400
ZEBRA TECHNOLOGIES CORP-CL A COM 989207105 3,428,625 89,200 X 1 89,200
ZEBRA TECHNOLOGIES CORP-CL A COM 989207105 19,219 500 X 500
ZIONS BANCORPORATION COM 989701107 2,971,800 46,800 X 1 46,800
ZONAGEN INC COM 98975L108 1,000,850 108,200 X 1 108,200
SR&F CASH RESERVES PORTFOLIO COM CMMFHUB 266,794,169 1 X 1 1
FRESH DEL MONTE PRODUCE COM G36738105 1,169,550 82,800 X 1 82,800
TOMMY HILFIGER CORP COM G8915Z102 6,739,950 91,700 X 1 91,700
TRANSOCEAN OFFSHORE INC COM G90076103 9,646,875 367,500 X 1 367,500
XL CAPITAL LTD-CLASS A COM G98255105 3,570,461 63,194 X 1 63,194
STOLT COMEX SEAWAY S.A. COM L8873E103 2,589,338 238,100 X 1 238,100
ORBOTECH LTD COM M75253100 396,150 7,600 X 1 7,600
CORE LABORATORIES N.V. COM N22717107 1,307,338 93,800 X 1 93,800
BANCO LATINOAMERI DE EXPORT COM P16994132 428,000 16,000 X 1 16,000
ENRON CAPITAL MIP 8.00% COM P37307108 9,975,000 400,000 X 1 400,000
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