UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Duff & Phelps Investment Mgt Co
Address: 55 East Monroe
Chicago, IL 60603
13F File Number: 28-1420
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Teresa Bruskotter
Title: Vice President
Phone: 216-771-3450
Signature, Place, and Date of Signing:
Teresa Bruskotter Cleveland, OH May 9, 2000
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 246
Form 13F Information Table Value Total: $6136601
List of Other Included Managers:
No. 13F File Number Name
1 28-53821 Phoenix Duff & Phelps Investment Advisors
2 28-47829 Phoenix Investment Partners, Ltd.
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
A T & T CORP COM 00195710 7379 131039 SH SOLE 131039 0 0
ABBOTT LABORATORIES W/RTS COM 00282410 3609 102576 SH SOLE 102576 0 0
ADAPTEC INC COM 00651F10 357 9248 SH SOLE 9248 0 0
AEGON N. V. AMERICAN REG COM 00792410 347 4308 SH SOLE 4308 0 0
AGL RESOURCES COM 00120410 17015 926000 SH SOLE 926000 0 0
ALBERTSON'S INC COM 01310410 2866 92840 SH SOLE 92840 0 0
ALCOA INC COM 01381710 668 9508 SH SOLE 9508 0 0
ALEXANDRIA REAL ESTATE COM 01527110 5982 199410 SH SOLE 199410 0 0
ALLSTATE CORP COM 02000210 1080 45350 SH SOLE 45350 0 0
ALLTEL CORP COM 02003910 37950 600000 SH SOLE 600000 0 0
AMERADA HESS CORPORATION COM 02355110 372 5753 SH SOLE 5753 0 0
AMERICAN EXPRESS CO COM 02581610 20130 135160 SH SOLE 135160 0 0
AMERICAN HOME PRDTS W/RTS. COM 02660910 7440 138415 SH SOLE 138415 0 0
AMERICAN INTL GROUP INC COM 02687410 17042 155635 SH SOLE 155635 0 0
AMERICAN ONLINE INC COM 02364J10 2917 43253 SH SOLE 43253 0 0
AMGEN INC COM 03116210 4468 72798 SH SOLE 72798 0 0
ANHEUSER-BUSCH COS INC COM 03522910 444 7130 SH SOLE 7130 0 0
APARTMENT INVESTMENT & MGT COM 03748R10 14765 386635 SH SOLE 386635 0 0
APPLIED MATERIALS INC COM 03822210 789 8372 SH SOLE 8372 0 0
ATLANTIC RICHFIELD CO COM 04882510 1170 13761 SH SOLE 13761 0 0
ATMEL CORP COM 04951310 268 5189 SH SOLE 5189 0 0
AUTOMATIC DATA PROCESSING COM 05301510 507 10500 SH SOLE 10500 0 0
AVALONBAY COMMUNITIES INC COM 05348410 10982 299850 SH SOLE 299850 0 0
AVON PRODUCTS INC COM 05430310 6307 215630 SH SOLE 215630 0 0
BANK OF AMERICA CORP COM 06050510 9765 186220 SH SOLE 186220 0 0
BANK ONE CORPORATION COM 06423A10 2007 58160 SH SOLE 58160 0 0
BAXTER INTERNATIONAL INC COM 07181310 31225 520951 SH SOLE 430175 0 90776
BELL ATLANTIC CORPORATION COM 07785310 107608 1760453 SH SOLE 1760453 0 0
BELLSOUTH CORP W/RTS COM 07986010 72807 1553222 SH SOLE 1553222 0 0
BERKSHIRE HATHAWAY INC B COM 08467020 269 148 SH SOLE 148 0 0
BESTFOODS COM 08658U10 477 10200 SH SOLE 10200 0 0
BOSTON PROPERTIES COM 10112110 18452 580025 SH SOLE 580025 0 0
BP AMOCO PLC - SPONS ADR COM 05562210 1285 24130 SH SOLE 24130 0 0
BRADLEY REAL ESTATE COM 10458010 1706 100000 SH SOLE 100000 0 0
BRISTOL-MYERS SQUIBB CO COM 11012210 10865 187319 SH SOLE 187319 0 0
C SMITH RESIDENTIAL REALTY COM 83219710 12101 334970 SH SOLE 334970 0 0
C.I.T. GROUP INC-A COM 12557710 1519 77900 SH SOLE 77900 0 0
CAMDEN PROPERTY TRUST COM 13313110 2243 82900 SH SOLE 82900 0 0
CAMPBELL SOUP CO COM 13442910 549 17858 SH SOLE 17858 0 0
CBL & ASSOCIATES COM 12483010 9825 480715 SH SOLE 480715 0 0
CENTERPOINT PROPERTIES COR COM 15189510 18132 497620 SH SOLE 497620 0 0
CHAMPION INTERNATIONAL COM 15852510 413 7760 SH SOLE 7760 0 0
CHASE MANHATTAN CORP COM 16161A10 13749 157700 SH SOLE 157700 0 0
CHELSEA GCA REALTY INC COM 16326210 11463 395290 SH SOLE 395290 0 0
CHEVRON CORP COM 16675110 924 10000 SH SOLE 10000 0 0
CIGNA CORP COM 12550910 469 6196 SH SOLE 6196 0 0
CISCO SYSTEMS INC COM 17275R10 200500 2593366 SH SOLE 2227779 0 365587
CITIGROUP INC COM 17296710 8073 134823 SH SOLE 134823 0 0
CLOROX CO COM 18905410 3162 95820 SH SOLE 95820 0 0
COASTAL CORP PERFERRED I PFD 19044186 4955 175000 SH SOLE 175000 0 0
COASTAL CORPORATION COM 19044110 911 19804 SH SOLE 19804 0 0
COCA-COLA CO COM 19121610 2034 43330 SH SOLE 43330 0 0
COLGATE-PALMOLIVE CO COM 19416210 7759 137640 SH SOLE 137640 0 0
COLONIAL PROPERTIES TRUST COM 19587210 909 38265 SH SOLE 38265 0 0
COLUMBIA ENERGY GROUP COM 19764810 49091 828547 SH SOLE 828547 0 0
COLUMBIA HCA HEALTHCARE COM 19767710 761 30071 SH SOLE 30071 0 0
COMPAQ COMPUTER CORP COM 20449310 9107 337310 SH SOLE 337310 0 0
COMPUTER ASSOC INTL INC COM 20491210 601 10265 SH SOLE 10265 0 0
COMPUTER SCIENCES CORP COM 20536310 64208 811475 SH SOLE 682490 0 128985
CONOCO INC - CL A COM 20825130 89155 3620507 SH SOLE 3001265 0 619242
CONOCO INC - CL B COM 20825140 2976 116148 SH SOLE 116148 0 0
COOPER CAMERON CORP COM 21664010 268 4000 SH SOLE 4000 0 0
CORNERSTONE PROPERTIES INC COM 21922H10 3923 225000 SH SOLE 225000 0 0
CORNING INC COM 21935010 3290 16960 SH SOLE 16960 0 0
COSTCO WHOLESALE CORP COM 22160K10 692 13162 SH SOLE 13162 0 0
COX COMMUNICATIONS 7% CONV CVPFD 22404430 31750 500000 SH SOLE 500000 0 0
CVS CORP COM 12665010 75640 2013700 SH SOLE 1677265 0 336435
DELL COMPUTER CORP COM 24702510 44302 821358 SH SOLE 686633 0 134725
DEVELOPERS DIV RTY W/PPRTS COM 25159110 7490 539820 SH SOLE 539820 0 0
DISNEY (WALT) COMPANY COM 25468710 1795 43511 SH SOLE 43511 0 0
DOMINION RESOURCES INC. COM 25746U10 42319 1100977 SH SOLE 1100977 0 0
DOW CHEMICAL CO COM 26054310 28573 250639 SH SOLE 206544 0 44095
DQE INC COM 23329J10 57558 1265000 SH SOLE 1265000 0 0
DTE ENERGY COM 23333110 29188 1000000 SH SOLE 1000000 0 0
DUKE CAPITAL FINANCING TRU PFD 26439F20 17063 700000 SH SOLE 700000 0 0
DUKE ENERGY CORP COM 26439910 164827 3139563 SH SOLE 2843590 0 295973
DUKE-WEEKS REALITY CORP COM 26441150 6473 338468 SH SOLE 338468 0 0
DUPONT (E I) DENEMOURS COM 26353410 6479 122396 SH SOLE 122396 0 0
EATON CORP COM 27805810 2005 25700 SH SOLE 25700 0 0
EDISON INTERNATIONAL COM 28102010 44030 2658400 SH SOLE 2658400 0 0
EDWARDS LIFE SCIENCES CORP COM 28176E10 1167 86035 SH SOLE 86035 0 0
EIX TRUST II PFD 26853P20 5029 223500 SH SOLE 223500 0 0
EL PASO ENERGY CORPORATION COM 28390510 60353 1494800 SH SOLE 1494800 0 0
ELECTRONIC DATA SYSTEMS COM 28566110 80769 1258335 SH SOLE 1032400 0 225935
EMC CORP/MASS COM 26864810 138207 1096883 SH SOLE 949303 0 147580
EMERSON ELECTRIC CO W/RTS COM 29101110 11698 220200 SH SOLE 220200 0 0
ENDESA - SPONSORED ADR COM 29258N10 37345 1593400 SH SOLE 1593400 0 0
ENRON CORP COM 29356110 52413 700000 SH SOLE 700000 0 0
ENTERGY CORP COM 29364G10 20312 1006150 SH SOLE 1006150 0 0
EQUITY OFFICE PROPERTIES COM 29474110 927 36900 SH SOLE 36900 0 0
EQUITY RESIDENTIAL PROP TR COM 29476L10 15477 385130 SH SOLE 385130 0 0
ESSEX PROPERTIES COM 29717810 14414 400400 SH SOLE 400400 0 0
ESTEE LAUDER CO. COM 51843910 38778 774590 SH SOLE 643900 0 130690
EXXON MOBIL CORPORATION COM 30231G10 105741 1356735 SH SOLE 1183107 0 173628
FEDERAL NATL MORTGAGE ASSN COM 31358610 95750 1692818 SH SOLE 1428523 0 264295
FEDERATED DEPT STORES COM 31410H10 63945 1513497 SH SOLE 1277422 0 236075
FIRST DATA CORP COM 31996310 53833 1213131 SH SOLE 1025965 0 187166
FIRST INDUSTRIAL REALTY TR COM 32054K10 10425 382565 SH SOLE 382565 0 0
FIRSTAR CORP COM 33763V10 59059 2574775 SH SOLE 2127850 0 446925
FLEET BOSTON FINANCIAL COM 33903010 2131 58385 SH SOLE 58385 0 0
FORD MOTOR COMPANY COM 34537010 37131 808296 SH SOLE 678671 0 129625
FORTUNE BRANDS INC COM 34963110 640 25611 SH SOLE 25611 0 0
FPL GROUP INC COM 30257110 104518 2269050 SH SOLE 2168325 0 100725
FRONTLINE CAPITAL GROUP COM 35921N10 8316 189008 SH SOLE 189008 0 0
GANNETT CO INC COM 36473010 203 2889 SH SOLE 2889 0 0
GAP INC COM 36476010 1375 27596 SH SOLE 27596 0 0
GENERAL ELECTRIC CO COM 36960410 170317 1094409 SH SOLE 947497 0 146912
GENERAL GROWTH PROPERTIES COM 37002110 9756 320520 SH SOLE 320520 0 0
GENERAL MILLS INC COM 37033410 446 12328 SH SOLE 12328 0 0
GENERAL MOTORS CORP COM 37044210 5382 64989 SH SOLE 64989 0 0
GEORGIA-PACIFIC GROUP COM 37329810 57756 1459858 SH SOLE 1229313 0 230545
GILLETTE CO COM 37576610 2348 62290 SH SOLE 62290 0 0
GOLDMAN SACHS COM 38141G10 1668 15845 SH SOLE 15845 0 0
GPU INC COM 36225X10 17090 624300 SH SOLE 624300 0 0
GREAT LAKES REIT INC. COM 39075210 844 55770 SH SOLE 55770 0 0
GTE CORP COM 36232010 58366 822056 SH SOLE 666560 0 155496
GUIDANT CORP COM 40169810 24931 423460 SH SOLE 341825 0 81635
HALLIBURTON CO COM 40621610 6583 160065 SH SOLE 160065 0 0
HARTFORD FINANCIAL SVCS GP COM 41651510 1154 21885 SH SOLE 21885 0 0
HEWLETT-PACKARD CO COM 42823610 4949 37246 SH SOLE 37246 0 0
HIGHWOODS PROPERTIES INC. COM 43128410 338 15800 SH SOLE 15800 0 0
HOME DEPOT INC COM 43707610 12151 188395 SH SOLE 188395 0 0
HONEYWELL INTERNATIONAL COM 43851610 79876 1516040 SH SOLE 1248807 0 267233
HOUSEHOLD INTERNATIONAL COM 44181510 1507 40399 SH SOLE 40399 0 0
ILLINOIS TOOL WORKS INC COM 45230810 6780 122715 SH SOLE 122715 0 0
INTEL CORP COM 45814010 143577 1088219 SH SOLE 954346 0 133873
INTERPUBLIC GRP OF CO INC COM 46069010 221 4673 SH SOLE 4673 0 0
INTL BUSINESS MACHINES COM 45920010 87735 743520 SH SOLE 648352 0 95168
J P MORGAN & CO INC COM 61688010 3791 28776 SH SOLE 28776 0 0
JOHNSON & JOHNSON COM 47816010 7403 105380 SH SOLE 105380 0 0
KELLOGG CO COM 48783610 349 13552 SH SOLE 13552 0 0
KEYCORP COM 49326710 1217 64052 SH SOLE 64052 0 0
KIMBERLY-CLARK CORP COM 49436810 70582 1258992 SH SOLE 1071025 0 187967
KIMCO REALTY CORP COM 49446R10 10022 267265 SH SOLE 267265 0 0
LILLY (ELI) & CO COM 53245710 80556 1286326 SH SOLE 1101190 0 185136
LINCOLN NATIONAL CORP COM 53418710 638 19038 SH SOLE 19038 0 0
LIZ CLAIBORNE INC COM 53932010 349 7609 SH SOLE 7609 0 0
LUCENT TECHNOLOGIES INC COM 54946310 108801 1776335 SH SOLE 1494954 0 281381
MACERICH CO (THE) COM 55438210 7398 358715 SH SOLE 358715 0 0
MACK-CALI REALTY CORP W/RT COM 55448910 5288 207365 SH SOLE 207365 0 0
MANUFACTURED HOME COMMUN. COM 56468210 674 29150 SH SOLE 29150 0 0
MARRIOTT INTL-CL A COM 57190320 1592 50545 SH SOLE 50545 0 0
MARSH & MCLENNAN COS INC COM 57174810 95418 864975 SH SOLE 727750 0 137225
MASCO CORP COM 57459910 6784 330930 SH SOLE 330930 0 0
MAY DEPARTMENT STORES CO COM 57777810 2373 83265 SH SOLE 83265 0 0
MAYTAG CORP COM 57859210 490 14800 SH SOLE 14800 0 0
MBNA CORP COM 55262L10 4264 167211 SH SOLE 167211 0 0
MCDONALD'S CORP COM 58013510 88055 2355998 SH SOLE 2013724 0 342274
MCI WORLDCOM INC COM 55268B10 87181 1923985 SH SOLE 1640268 0 283717
MEDIAONE/VODAFONE PIES COM 58440J50 28600 550000 SH SOLE 550000 0 0
MEDTRONIC INC COM 58505510 83366 1620715 SH SOLE 1394710 0 226005
MERCK & CO INC COM 58933110 10652 171456 SH SOLE 171456 0 0
MERRILL LYNCH & CO INC COM 59018885 491 4508 SH SOLE 4508 0 0
MGIC INVESTMENT CORP W/RTS COM 55284810 77969 1787246 SH SOLE 1490170 0 297076
MICROSOFT CORP COM 59491810 177150 1667293 SH SOLE 1404765 0 262528
MINNESOTA MINING & MFG CO COM 60405910 5365 60580 SH SOLE 60580 0 0
MOTOROLA INC COM 62007610 90152 617477 SH SOLE 521925 0 95552
MURPHY OIL LTD COM 62672810 1206 22702 SH SOLE 22702 0 0
NATIONAL CITY CORP COM 63540510 11008 533724 SH SOLE 533724 0 0
NATIONAL FUEL GAS CO COM 63618010 17825 400000 SH SOLE 400000 0 0
NATIONAL GRID GROUP COM 0242824 4408 770000 SH SOLE 770000 0 0
NATIONAL GRID GROUP ADR COM 63627410 9783 215000 SH SOLE 215000 0 0
NATIONALPOWER PLC FIN AL COM 63719440 2396 115100 SH SOLE 115100 0 0
NEXTEL COMM. INC-A COM 65332V10 335 2261 SH SOLE 2261 0 0
NICOR INC COM 65408610 19588 594700 SH SOLE 594700 0 0
NISOURCE COM 65473P10 38080 2256600 SH SOLE 2256600 0 0
NISOURCE INC CVPFD 65473P30 18250 500000 SH SOLE 500000 0 0
NORTEL NETWORKS CORP COM 65656910 779 6180 SH SOLE 6180 0 0
NORTHERN STATES POWER MINN COM 66577210 19875 1000000 SH SOLE 1000000 0 0
NSTAR COM 67019E10 55381 1318600 SH SOLE 1318600 0 0
OMNICOM GROUP INC COM 68191910 53883 575516 SH SOLE 482080 0 93436
ORACLE CORP COM 68389X10 3383 43341 SH SOLE 39631 0 3710
PAINE WEBBER GROUP INC COM 69562910 259 5875 SH SOLE 5875 0 0
PEPSICO INC COM 71344810 12187 349440 SH SOLE 349440 0 0
PFIZER INC COM 71708110 16931 463071 SH SOLE 463071 0 0
PHILLIPS PETROLEUM CO COM 71850710 1095 23666 SH SOLE 23666 0 0
PINNACLE WEST CAPITAL CORP COM 72348410 31570 1120000 SH SOLE 1120000 0 0
PITNEY BOWES INC COM 72447910 64552 1444525 SH SOLE 1211765 0 232760
POWERGEN PLC-SPONS ADR COM 73890540 2333 91500 SH SOLE 91500 0 0
PPG INDUSTRIES INC COM 69350610 4401 84126 SH SOLE 84126 0 0
PRAXAIR INC COM 74005P10 26331 632585 SH SOLE 519250 0 113335
PROCTER & GAMBLE CO COM 74271810 45758 809874 SH SOLE 695222 0 114652
PROGRESSIVE CORP COM 74331510 304 4000 SH SOLE 4000 0 0
PROLOGIS TRUST COM 74341010 4857 252300 SH SOLE 252300 0 0
PROVIDIAN FINANCIAL CORP COM 74406A10 101353 1170017 SH SOLE 975250 0 194767
QUAKER OATS CO COM 74740210 906 14951 SH SOLE 14951 0 0
QUALCOMM INC COM 74752510 736 4929 SH SOLE 4929 0 0
QUANTUM COMPUTING CORP COM 74763410 470 36541 SH SOLE 36541 0 0
RALSTON-PURINA GROUP COM 75127730 247 8982 SH SOLE 8982 0 0
RAYTHEON CO CLASS A COM 75511130 2414 128325 SH SOLE 128325 0 0
RECKSON ASSOC RALTY CORP-B COM 75621K30 4152 202545 SH SOLE 202545 0 0
RECKSON ASSOCIATES REALTY COM 75621K10 14047 749195 SH SOLE 749195 0 0
RELIANT ENERGY INC COM 75952J10 42413 1800000 SH SOLE 1800000 0 0
RJ REYNOLDS COM 76182K10 242 14237 SH SOLE 14237 0 0
ROCKWELL INTL CORP COM 77390310 355 8486 SH SOLE 8486 0 0
SARA LEE CORP COM 80311110 572 31780 SH SOLE 31780 0 0
SBC COMMUNICATIONS INC COM 78387G10 135360 3213293 SH SOLE 3092087 0 121206
SCHERING-PLOUGH CORP COM 80660510 6775 182489 SH SOLE 182489 0 0
SCHLUMBERGER LTD COM 80685710 258 3377 SH SOLE 3377 0 0
SCOTISH AND SOUTHERN ENERG COM 81012K30 16432 200000 SH SOLE 200000 0 0
SCOTTISH & SOUTHERN ENERGY COM 0790873 4420 850000 SH SOLE 850000 0 0
SCOTTISH POWER PLC COM 81013T70 50700 1600000 SH SOLE 1600000 0 0
SIERRA PACIFIC COM 82642810 14783 1182600 SH SOLE 1182600 0 0
SOUTHERN COMPANY COM 84258710 1518 69810 SH SOLE 69810 0 0
SPIEKER PROPERTIES INC COM 84849710 17657 396785 SH SOLE 396785 0 0
SPRINT CORPORATION COM 85206110 56384 891445 SH SOLE 734674 0 156771
STERIS CORP COM 85915210 410 40000 SH SOLE 40000 0 0
STORAGE USA INC COM 86190710 1442 47100 SH SOLE 47100 0 0
SUN COMMUNITIES INC COM 86667410 1621 56150 SH SOLE 56150 0 0
SUN MICROSYSTEMS INC COM 86681010 106158 1132916 SH SOLE 972185 0 160731
SWISSCOM AG COM 87101310 26731 700000 SH SOLE 700000 0 0
TANDY CORP COM 87538210 573 11283 SH SOLE 11283 0 0
TARGET CORP. COM 87612E10 94140 1259393 SH SOLE 1066367 0 193026
TELE DANMARK AS COM 87924210 41794 900000 SH SOLE 900000 0 0
TELECOM NEW ZEALAND-SP ADR COM 87927820 31414 856250 SH SOLE 856250 0 0
TELLABS INC COM 87966410 5790 91930 SH SOLE 91930 0 0
TELSTRA COM 87969N20 13357 568400 SH SOLE 568400 0 0
TELSTRA PARTIAL PAY COM 87969N30 7063 500000 SH SOLE 500000 0 0
TEXAS INSTRUMENTS INC COM 88250810 2246 14039 SH SOLE 14039 0 0
TEXAS UTILITIES COMPANY IN CVPFD 88284820 31120 789100 SH SOLE 789100 0 0
THE WILLIAMS COMPANY COM 96945710 57207 1302000 SH SOLE 1302000 0 0
TIMES MIRROR CO CL A COM 88736410 563 6058 SH SOLE 6058 0 0
TRIBUNE CO COM 89604710 2278 62293 SH SOLE 62293 0 0
TRW INC COM 87264910 518 8860 SH SOLE 8860 0 0
TYCO INTERNATIONAL LTD COM 90212410 88319 1761982 SH SOLE 1486274 0 275708
U S WEST INC COM 91273H10 250 3438 SH SOLE 3438 0 0
UNICOM CORPORATION COM 90491110 65737 1801010 SH SOLE 1801010 0 0
UNION PACIFIC CORP COM 90781810 304 7773 SH SOLE 7773 0 0
UNITED DOMINION REALTY COM 91019710 1399 139000 SH SOLE 139000 0 0
UNITED HEALTHCARE CORP COM 91058110 448 7507 SH SOLE 7507 0 0
UNITED TECHNOLOGIES CORP COM 91301710 1056 16711 SH SOLE 16711 0 0
UNOCAL CORP W/RIGHTS COM 91528910 32187 1081916 SH SOLE 887560 0 194356
URBAN SHOPS CENTER/W RTS COM 91706010 7711 265315 SH SOLE 265315 0 0
USX-MARATHON GROUP COM 90290582 343 13174 SH SOLE 13174 0 0
UTILICORP CONVERTIBLE PFD 91800587 10033 450900 SH SOLE 450900 0 0
UTILICORP UNITED INC COM 91800510 37028 2050000 SH SOLE 2050000 0 0
VIVENDI ADR COM 92851S10 37358 1620000 SH SOLE 1620000 0 0
VORNADO OPERATING CO COM 92904N10 393 30710 SH SOLE 30710 0 0
VORNADO REALTY TRUST COM 92904210 17477 521690 SH SOLE 521690 0 0
WAL-MART STORES INC COM 93114210 3309 58571 SH SOLE 58571 0 0
WALGREEN CO COM 93142210 11479 445800 SH SOLE 445800 0 0
WARNER-LAMBERT CO COM 93448810 112672 1153392 SH SOLE 955550 0 197842
WASHINGTON MUTUAL COM 93932210 6426 242487 SH SOLE 242487 0 0
WELLS FARGO CO COM 94974610 63344 1554444 SH SOLE 1285250 0 269194
WESTVACO COM 96154810 251 7532 SH SOLE 7532 0 0
WHIRLPOOL CORP COM 96332010 428 7299 SH SOLE 7299 0 0
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