<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K)SH/P AMT S/P P/CINV DSC MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 29816 1108800SH SOLE 1108800 0 0
AFLAC INC COMMON 001055102 4529 70700SH SOLE 70700 0 0
LIBERTY MEDIA GROUP COM LIB GRP A 001957208 18740 1041100SH SOLE 1041100 0 0
AXA FINL INC COMMON 002451102 3260 64000SH SOLE 64000 0 0
ACLARA BIOSCIENCES INC COMMON 00461P106 793 26100SH SOLE 26100 0 0
ADELPHIA BUSINESS SOLUTI CL A 006847107 1181 100000SH SOLE 100000 0 0
AEGON N V ORD AMER REG 007924103 14815 399049SH SOLE 399049 0 0
AFFYMETRIX INC COMMON 00826T108 893 17900SH SOLE 17900 0 0
ALEXION PHARMACEUTICALS COMMON 015351109 6703 58800SH SOLE 58800 0 0
ALLEGHANY CORP DEL COMMON 017175100 588 3000SH SOLE 3000 0 0
ALLEGIANCE TELECOM INC COMMON 01747T102 801 21500SH SOLE 21500 0 0
ALLIANCE CAP MGMT HLDG L UNIT LTD PARTN 01855A101 2541 50700SH SOLE 50700 0 0
ALLSCRIPTS INC COMMON 019886100 388 27500SH SOLE 27500 0 0
ALZA CORP DEL COMMON 022615108 27542 318400SH SOLE 318400 0 0
AMBAC FINL GROUP INC COMMON 023139108 13368 182500SH SOLE 182500 0 0
AMERICA ONLINE INC DEL COMMON 02364J104 48337 899295SH SOLE 899295 0 0
AMERICAN GENERAL CORP COMMON 026351106 21294 273000SH SOLE 273000 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 22127 391200SH SOLE 391200 0 0
AMERICAN INTL GROUP INC COMMON 026874107 80504 841317SH SOLE 841317 0 0
AMERICAN TOWER CORP CL A 029912201 8141 216000SH SOLE 216000 0 0
AMGEN INC COMMON 031162100 105112 1505295SH SOLE 1505295 0 0
ANADARKO PETE CORP COMMON 032511107 40820 614200SH SOLE 614200 0 0
ANALOG DEVICES INC COMMON 032654105 46805 566900SH SOLE 566900 0 0
APPLIED MATLS INC COMMON 038222105 16054 270665SH SOLE 270665 0 0
APPLIED MICRO CIRCUITS C COMMON 03822W109 111648 539200SH SOLE 539200 0 0
ARIBA INC COMMON 04033V104 3052 21300SH SOLE 21300 0 0
ASYST TECHNOLOGY CORP COMMON 04648X107 3635 179500SH SOLE 179500 0 0
ACCTON GDR COMMON 051908093 727 189940SH SOLE 189940 0 0
AVICI SYS INC COMMON 05367L109 400 4200SH SOLE 4200 0 0
BISYS GROUP INC COMMON 055472104 4345 56200SH SOLE 56200 0 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 22960 433200SH SOLE 433200 0 0
BEA SYS INC COMMON 073325102 35379 454300SH SOLE 454300 0 0
BED BATH & BEYOND INC COMMON 075896100 7868 322600SH SOLE 322600 0 0
BEST BUY INC COMMON 086516101 16263 255600SH SOLE 255600 0 0
BIOGEN INC COMMON 090597105 30232 495600SH SOLE 495600 0 0
BIOSITE DIAGNOSTICS INC COMMON 090945106 7273 182400SH SOLE 182400 0 0
BOEING CO COMMON 097023105 13476 213900SH SOLE 213900 0 0
BOOKHAM TECHNOLOGY PLC DEPOSITORY RECEI 09856Q108 26707 622900SH SOLE 622900 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 38065 666347SH SOLE 666347 0 0
BROADCOM CORP CL A 111320107 16056 65870SH SOLE 65870 0 0
BROCADE COMMUNICATIONS S COMMON 111621108 46091 195300SH SOLE 195300 0 0
BUSINESS OBJECTS S A DEPOSITORY RECEI 12328X107 6060 53600SH SOLE 53600 0 0
C H ROBINSON WORLDWIDE I COMMON 12541W100 1764 31300SH SOLE 31300 0 0
CALIPER TECHNOLOGIES COR COMMON 130876105 5191 89600SH SOLE 89600 0 0
CANON INC DEPOSITORY RECEI 138006309 2520 56954SH SOLE 56954 0 0
CAPITAL ONE FINL CORP COMMON 14040H105 10453 149200SH SOLE 149200 0 0
CAPSTONE TURBINE CORP COMMON 14067D102 1385 20000SH SOLE 20000 0 0
CELL THERAPEUTICS INC COMMON 150934107 3228 48400SH SOLE 48400 0 0
CELESTICA ADR COMMON 15101Q108 2119 30600SH SOLE 30600 0 0
CERIDIAN CORP COMMON 15677T106 61815 2202750SH SOLE 2202750 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 15524 336100SH SOLE 336100 0 0
CIENA CORP COMMON 171779101 1228 10000SH SOLE 10000 0 0
CISCO SYS INC COMMON 17275R102 169534 3068484SH SOLE 3068484 0 0
CITIGROUP INC COMMON 172967101 42256 781622SH SOLE 781622 0 0
CLEAR CHANNEL COMMUNICAT COMMON 184502102 59479 1052724SH SOLE 1052724 0 0
COCA COLA CO COMMON 191216100 1136 20600SH SOLE 20600 0 0
COLGATE PALMOLIVE CO COMMON 194162103 27815 589300SH SOLE 589300 0 0
PAO ACUCAR ADR COMMON 20440T201 257 6900SH SOLE 6900 0 0
COMPUTER SCIENCES CORP COMMON 205363104 46473 625900SH SOLE 625900 0 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 43157 399600SH SOLE 399600 0 0
CORIXA CORP COMMON 21887F100 1221 24300SH SOLE 24300 0 0
CORNING INC COMMON 219350105 40793 137350SH SOLE 137350 0 0
COST PLUS INC CALIF COMMON 221485105 2493 82750SH SOLE 82750 0 0
DENDRITE INTL INC COMMON 248239105 37572 1401300SH SOLE 1401300 0 0
DEVON ENERGY CORP NEW COMMON 25179M103 19152 318400SH SOLE 318400 0 0
DEVRY INC DEL COMMON 251893103 3307 87900SH SOLE 87900 0 0
DIAMOND TECHNOLOGY PARTN CL A 252762109 3891 52400SH SOLE 52400 0 0
DIGITAL IS INC DEL COMMON 25385N101 537 28650SH SOLE 28650 0 0
DISNEY WALT CO COM DISNEY 254687106 715 18700SH SOLE 18700 0 0
DYNEGY INC NEW CL A 26816Q101 17875 313600SH SOLE 313600 0 0
EGL INC COMMON 268484102 4359 144100SH SOLE 144100 0 0
E M C CORP MASS COMMON 268648102 153982 1553408SH SOLE 1553408 0 0
EOG RES INC COMMON 26875P101 43466 1118100SH SOLE 1118100 0 0
ECHOSTAR COMMUNICATIONS CL A 278762109 17877 338900SH SOLE 338900 0 0
ELAN PLC DEPOSITORY RECEI 284131208 71153 1299598SH SOLE 1299598 0 0
ELANTEC SEMICONDUCTOR IN COMMON 284155108 6117 61400SH SOLE 61400 0 0
ELECTRONIC ARTS INC COMMON 285512109 17884 362200SH SOLE 362200 0 0
EMERSON ELEC CO COMMON 291011104 8141 121500SH SOLE 121500 0 0
EMMIS COMMUNICATIONS COR CL A 291525103 6192 250200SH SOLE 250200 0 0
ENDESA ADR DEPOSITORY RECEI 29258N107 2411 128560SH SOLE 128560 0 0
ENRON CORP COMMON 293561106 29801 340100SH SOLE 340100 0 0
EQUANT N V DEPOSITORY RECEI 294409107 7928 216100SH SOLE 216100 0 0
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 21498 1451336SH SOLE 1451336 0 0
EXFO ELECTRO OPTICAL ENG SUB VTG SHS 302043104 3093 71000SH SOLE 71000 0 0
EXODUS COMMUNICATIONS IN COMMON 302088109 6473 131100SH SOLE 131100 0 0
EXTREME NETWORKS INC COMMON 30226D106 4145 36200SH SOLE 36200 0 0
FEDERATED INVS INC PA CL B 314211103 6121 247300SH SOLE 247300 0 0
FIRSTAR CORP NEW WIS COMMON 33763V109 306 13680SH SOLE 13680 0 0
FISERV INC COMMON 337738108 26014 434475SH SOLE 434475 0 0
FLEETBOSTON FINL CORP COMMON 339030108 231 5922SH SOLE 5922 0 0
GALLAGHER ARTHUR J & CO COMMON 363576109 13421 227000SH SOLE 227000 0 0
GENENTECH INC COM NEW 368710406 20036 107900SH SOLE 107900 0 0
GENERAL ELEC CO COMMON 369604103 203090 3520526SH SOLE 3520526 0 0
GENERAL MLS INC COMMON 370334104 355 10000SH SOLE 10000 0 0
GENERAL MTRS CORP CL H NEW 370442832 37451 1007300SH SOLE 1007300 0 0
GREAT PLAINS SOFTWARE COMMON 39119E105 2424 86200SH SOLE 86200 0 0
GRUPO TELEVISA SA DE CV DEPOSITORY RECEI 40049J206 335 5800SH SOLE 5800 0 0
HALLIBURTON CO COMMON 406216101 39223 801500SH SOLE 801500 0 0
HARLEY DAVIDSON INC COMMON 412822108 43116 900600SH SOLE 900600 0 0
HARTFORD FINL SVCS GROUP COMMON 416515104 7440 102000SH SOLE 102000 0 0
HELMERICH & PAYNE INC COMMON 423452101 6286 174000SH SOLE 174000 0 0
HEWLETT PACKARD CO COMMON 428236103 12062 124350SH SOLE 124350 0 0
HOME DEPOT INC COMMON 437076102 61165 1152696SH SOLE 1152696 0 0
HUMAN GENOME SCIENCES IN COMMON 444903108 11634 67200SH SOLE 67200 0 0
IDEC PHARMACEUTICALS COR COMMON 449370105 27163 154900SH SOLE 154900 0 0
IMCLONE SYS INC COMMON 45245W109 5326 45500SH SOLE 45500 0 0
IMMUNEX CORP NEW COMMON 452528102 26448 608000SH SOLE 608000 0 0
INDIA FUND INC COMMON 454089103 1157 95400SH SOLE 95400 0 0
INKTOMI CORP COMMON 457277101 47663 418100SH SOLE 418100 0 0
INTEGRATED DEVICE TECHNO COMMON 458118106 534 5900SH SOLE 5900 0 0
INTEL CORP COMMON 458140100 92888 2234908SH SOLE 2234908 0 0
INTERNAP NETWORK SVCS CO COMMON 45885A102 8947 276900SH SOLE 276900 0 0
INTERNET INITIATIVE JAPA COMMON 46059T109 5955 144800SH SOLE 144800 0 0
I2 TECHNOLOGIES INC COMMON 465754109 9035 48300SH SOLE 48300 0 0
JDS UNIPHASE CORP COMMON 46612J101 193704 2045716SH SOLE 2045716 0 0
JABIL CIRCUIT INC COMMON 466313103 44935 791800SH SOLE 791800 0 0
JUNIPER NETWORKS INC COMMON 48203R104 33733 154075SH SOLE 154075 0 0
JUNIPER NETWORKS INC NOTE 4.750 3/1 48203RAA2 12292 8100000PRN SOLE 8100000 0 0
KOHLS CORP COMMON 500255104 64489 1117900SH SOLE 1117900 0 0
KOREA ELECTRIC PWR DEPOSITORY RECEI 500631106 363 27800SH SOLE 27800 0 0
KOREA TELECOM DEPOSITORY RECEI 50063P103 1063 31600SH SOLE 31600 0 0
LARGE SCALE BIOLOGY CORP COMMON 517053104 2194 67000SH SOLE 67000 0 0
LEAP WIRELESS INTL INC COMMON 521863100 288 4600SH SOLE 4600 0 0
LEGG MASON INC COMMON 524901105 20477 352300SH SOLE 352300 0 0
LEHMAN BROS HLDGS INC COMMON 524908100 15765 106700SH SOLE 106700 0 0
LEXICON GENETICS INC COMMON 528872104 873 27600SH SOLE 27600 0 0
LILLY ELI & CO COMMON 532457108 22585 278400SH SOLE 278400 0 0
LINEAR TECHNOLOGY CORP COMMON 535678106 42657 658800SH SOLE 658800 0 0
LOCKHEED MARTIN CORP COMMON 539830109 214 6500SH SOLE 6500 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 929 30400SH SOLE 30400 0 0
MARSH & MCLENNAN COS INC COMMON 571748102 59400 447460SH SOLE 447460 0 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 15677 194900SH SOLE 194900 0 0
MAXYGEN INC COMMON 577776107 1556 30000SH SOLE 30000 0 0
MCDATA CORP CL B 580031102 15816 128700SH SOLE 128700 0 0
MCGRAW HILL COS INC COMMON 580645109 6738 106000SH SOLE 106000 0 0
MEDIMMUNE INC COMMON 584699102 77374 1001600SH SOLE 1001600 0 0
MEDTRONIC INC COMMON 585055106 61134 1179909SH SOLE 1179909 0 0
MERCK & CO INC COMMON 589331107 50849 683106SH SOLE 683106 0 0
MERCURY INTERACTIVE CORP COMMON 589405109 21255 135600SH SOLE 135600 0 0
MERIX CORP COMMON 590049102 6436 99300SH SOLE 99300 0 0
MICROSOFT CORP COMMON 594918104 112012 1857186SH SOLE 1857186 0 0
MICROMUSE INC COMMON 595094103 11212 55800SH SOLE 55800 0 0
MICROTUNE INC DEL COMMON 59514P109 2271 42400SH SOLE 42400 0 0
MILLENNIUM PHARMACEUTICA COMMON 599902103 13701 93800SH SOLE 93800 0 0
MILLIPORE CORP COMMON 601073109 12797 264200SH SOLE 264200 0 0
MINNESOTA MNG & MFG CO COMMON 604059105 365 4000SH SOLE 4000 0 0
MORGAN STANLEY DEAN WITT COM NEW 617446448 51173 559650SH SOLE 559650 0 0
NATIONAL-OILWELL INC COMMON 637071101 3250 104000SH SOLE 104000 0 0
NETWORK APPLIANCE INC COMMON 64120L104 48213 378510SH SOLE 378510 0 0
NEWFIELD EXPL CO COMMON 651290108 7568 162100SH SOLE 162100 0 0
NEWPORT CORP COMMON 651824104 3520 22100SH SOLE 22100 0 0
NEWS CORP LTD DEPOSITORY RECEI 652487802 5864 125100SH SOLE 125100 0 0
NEXTEL COMMUNICATIONS IN CL A 65332V103 28293 605200SH SOLE 605200 0 0
NICE SYS LTD DEPOSITORY RECEI 653656108 490 6800SH SOLE 6800 0 0
NOKIA CORP ADR DEPOSITORY RECEI 654902204 115485 2900717SH SOLE 2900717 0 0
NOBLE DRILLING CORP COMMON 655042109 14944 297400SH SOLE 297400 0 0
NORTEL NETWORKS CORP NEW COMMON 656568102 79406 1333161SH SOLE 1333161 0 0
NORTHERN TR CORP COMMON 665859104 400 4500SH SOLE 4500 0 0
OMNICOM GROUP INC COMMON 681919106 357 4900SH SOLE 4900 0 0
ONI SYSTEMS CORP COMMON 68273F103 1079 12500SH SOLE 12500 0 0
ORACLE CORP COMMON 68389X105 68866 874491SH SOLE 874491 0 0
ORCHID BIOSCIENCES INC COMMON 68571P100 1625 47800SH SOLE 47800 0 0
OXFORD HEALTH PLANS INC COMMON 691471106 23490 764300SH SOLE 764300 0 0
PE CORP BIOSYSTEMS GRP COMMON 69332S102 23300 200000SH SOLE 200000 0 0
PE CORP CELERA GEN GRP CELERA GEN GRP 69332S201 1026 10300SH SOLE 10300 0 0
PMC-SIERRA INC COMMON 69344F106 95449 443435SH SOLE 443435 0 0
PAYCHEX INC COMMON 704326107 8450 160950SH SOLE 160950 0 0
PEPSICO INC COMMON 713448108 15044 327037SH SOLE 327037 0 0
PERKINELMER INC COMMON 714046109 6732 64500SH SOLE 64500 0 0
PFIZER INC COMMON 717081103 111197 2474491SH SOLE 2474491 0 0
PHARMACIA CORP COMMON 71713U102 33958 564200SH SOLE 564200 0 0
PINNACLE HLDGS INC COMMON 72346N101 2492 93600SH SOLE 93600 0 0
PORTAL SOFTWARE INC COMMON 736126103 3204 80100SH SOLE 80100 0 0
PRIDE INTL INC COMMON 741932107 3567 134600SH SOLE 134600 0 0
PROTEIN DESIGN LABS INC COMMON 74369L103 6989 58000SH SOLE 58000 0 0
QLT INC COMMON 746927102 12254 172900SH SOLE 172900 0 0
QUALCOMM INC COMMON 747525103 23970 336428SH SOLE 336428 0 0
QUEENS CNTY BANCORP INC COMMON 748242104 2545 88125SH SOLE 88125 0 0
RSA SEC INC COMMON 749719100 5559 128900SH SOLE 128900 0 0
RF MICRODEVICES INC COMMON 749941100 4499 140600SH SOLE 140600 0 0
RADIOSHACK CORP COMMON 750438103 8757 135500SH SOLE 135500 0 0
RAYTHEON CO CL B 755111408 242 8500SH SOLE 8500 0 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 9140 152500SH SOLE 152500 0 0
RURAL CELLULAR CORP CL A 781904107 3747 55000SH SOLE 55000 0 0
SDL INC COMMON 784076101 41398 133840SH SOLE 133840 0 0
SK TELECOM LTD DEPOSITORY RECEI 78440P108 3437 134126SH SOLE 134126 0 0
SAMSUNG ELECTRONICS GDR COMMON 796050888 10250 109627SH SOLE 109627 0 0
SANGAMO BIOSCIENCES INC COMMON 800677106 2519 65000SH SOLE 65000 0 0
SANMINA CORP COMMON 800907107 6367 68000SH SOLE 68000 0 0
SAPIENT CORP COMMON 803062108 21857 537200SH SOLE 537200 0 0
SCHLUMBERGER LTD COMMON 806857108 9054 110000SH SOLE 110000 0 0
SCHWAB CHARLES CORP NEW COMMON 808513105 15183 427700SH SOLE 427700 0 0
SCIENTIFIC ATLANTA INC COMMON 808655104 14583 229200SH SOLE 229200 0 0
SCHROEDER JAPAN SM CO. COMMON 808992986 5245 5808SH SOLE 5808 0 0
SEPRACOR INC COMMON 817315104 11017 89800SH SOLE 89800 0 0
SIEBEL SYS INC COMMON 826170102 61638 553737SH SOLE 553737 0 0
SMARTFORCE PUB LTD CO DEPOSITORY RECEI 83170A206 891 18800SH SOLE 18800 0 0
SMITHKLINE BEECHAM ADR DEPOSITORY RECEI 832378301 20985 305786SH SOLE 305786 0 0
SONY CORP DEPOSITORY RECEI 835699307 363 3600SH SOLE 3600 0 0
SONUS NETWORKS INC COMMON 835916107 632 5000SH SOLE 5000 0 0
STERICYCLE INC COMMON 858912108 3124 127500SH SOLE 127500 0 0
STILWELL FINL INC COMMON 860831106 22585 519200SH SOLE 519200 0 0
STMICROELECTRONICS ADR COMMON 861012102 30351 637293SH SOLE 637293 0 0
SUN MICROSYSTEMS INC COMMON 866810104 93248 798700SH SOLE 798700 0 0
SYMBOL TECHNOLOGIES INC COMMON 871508107 12453 346525SH SOLE 346525 0 0
SYSCO CORP COMMON 871829107 17576 379500SH SOLE 379500 0 0
TCF FINL CORP COMMON 872275102 27846 740100SH SOLE 740100 0 0
TAIWAN SEMICONDUCTOR MFG DEPOSITORY RECEI 874039100 6974 342305SH SOLE 342305 0 0
TARGET CORP COMMON 87612E106 43614 1702000SH SOLE 1702000 0 0
TECHNE CORP COMMON 878377100 5376 48000SH SOLE 48000 0 0
TELEFONICA S A DEPOSITORY RECEI 879382208 615 10352SH SOLE 10352 0 0
TELEFONOS DE MEXICO S A DEPOSITORY RECEI 879403780 11044 207635SH SOLE 207635 0 0
TELLABS INC COMMON 879664100 27098 567500SH SOLE 567500 0 0
TENET HEALTHCARE CORP COMMON 88033G100 9719 267200SH SOLE 267200 0 0
TERADYNE INC COMMON 880770102 3150 90000SH SOLE 90000 0 0
TEXAS INSTRS INC COMMON 882508104 39265 832100SH SOLE 832100 0 0
TIBCO SOFTWARE INC COMMON 88632Q103 10968 129900SH SOLE 129900 0 0
TIFFANY & CO NEW COMMON 886547108 551 14300SH SOLE 14300 0 0
TIME WARNER INC COMMON 887315109 17216 220007SH SOLE 220007 0 0
TRIGON HEALTHCARE INC COMMON 89618L100 4181 79550SH SOLE 79550 0 0
TUT SYSTEMS COMMON 901103101 414 4800SH SOLE 4800 0 0
TYCO INTL LTD NEW COMMON 902124106 49176 947980SH SOLE 947980 0 0
UNITEDHEALTH GROUP INC COMMON 91324P102 37367 378400SH SOLE 378400 0 0
UNIVISION COMMUNICATIONS CL A 914906102 12192 326200SH SOLE 326200 0 0
VENTANA MED SYS INC COMMON 92276H106 2121 83600SH SOLE 83600 0 0
VERITAS SOFTWARE CO COMMON 923436109 51787 364700SH SOLE 364700 0 0
VERISIGN INC COMMON 92343E102 30283 149500SH SOLE 149500 0 0
VERTICALNET INC COMMON 92532L107 1387 39500SH SOLE 39500 0 0
VIACOM INC CL B 925524308 40802 697469SH SOLE 697469 0 0
VIGNETTE CORP COMMON 926734104 6785 227100SH SOLE 227100 0 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 22119 248700SH SOLE 248700 0 0
VODAFONE GROUP ADR DEPOSITORY RECEI 92857W100 84375 2280396SH SOLE 2280396 0 0
WADDELL & REED FINL INC CL A 930059100 3466 111800SH SOLE 111800 0 0
WADDELL & REED FINL INC CL B 930059209 818 28200SH SOLE 28200 0 0
WAL MART STORES INC COMMON 931142103 1660 34486SH SOLE 34486 0 0
WALGREEN CO COMMON 931422109 43567 1148400SH SOLE 1148400 0 0
WATERS CORP COMMON 941848103 17764 199600SH SOLE 199600 0 0
WEATHERFORD INTL INC COMMON 947074100 14977 348300SH SOLE 348300 0 0
WELLS FARGO & CO NEW COMMON 949746101 29563 643546SH SOLE 643546 0 0
WILLIAMS SONOMA INC COMMON 969904101 1397 40200SH SOLE 40200 0 0
WORLDCOM INC GA NEW COMMON 98157D106 32304 1063500SH SOLE 1063500 0 0
XO COMMUNICATIONS INC CL A 983764101 18291 519800SH SOLE 519800 0 0
XILINX INC COMMON 983919101 95754 1118300SH SOLE 1118300 0 0
YAGEO CORP GDR 984326108 582 149186SH SOLE 149186 0 0
ACE LTD ORD G0070K103 50601 1289200SH SOLE 1289200 0 0
AMDOCS LTD ORD G02602103 11084 177700SH SOLE 177700 0 0
EVEREST RE GROUP LTD COMMON G3223R108 6470 130700SH SOLE 130700 0 0
GLOBAL CROSSING LTD COMMON G3921A100 33235 1072100SH SOLE 1072100 0 0
PARTNERRE LTD COMMON G6852T105 3482 73400SH SOLE 73400 0 0
TRANSOCEAN SEDCO FOREX I ORD G90078109 47539 810900SH SOLE 810900 0 0
TYCOM LTD COMMON G9144B106 10772 280700SH SOLE 280700 0 0
XL CAP LTD CL A G98255105 41792 568600SH SOLE 568600 0 0
CHECK POINT SOFTWARE TEC ORD M22465104 54306 344800SH SOLE 344800 0 0
ASM LITHOGRAPHY HLDG N V DEPOSITORY RECEI N07059111 42617 1318900SH SOLE 1318900 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 31889 388300SH SOLE 388300 0 0
ACM GOVERNMENT INCOME FU COMMON 000912105 998 132000SH DEFINED 1 0 132000 0
ALLMERICA SECURITIES TRU COMMON 019921105 826 86400SH DEFINED 1 0 86400 0
AMERICAN STRATEGIC INCOM COMMON 030098107 4568 410640SH DEFINED 1 0 410640 0
AMERICAN MUNI TERM TRUST COMMON 027652106 8628 831600SH DEFINED 1 0 831600 0
BLACKROCK ADVANTAGE TERM COMMON 09247A101 1245 133700SH DEFINED 1 0 133700 0
BLACKROCK BROAD INV GR 2 COMMON 09247Q106 79 6800SH DEFINED 1 0 6800 0
1838 BOND DEBENTURE TRAD COMMON 282520105 2319 131600SH DEFINED 1 0 131600 0
BLACKROCK STRATEGIC TERM COMMON 09247P108 3960 437000SH DEFINED 1 0 437000 0
BLACKROCK INCOME TRUST COMMON 09247F100 1441 226100SH DEFINED 1 0 226100 0
BLACKROCK MUNI TARGET TR COMMON 09247M105 13780 1413300SH DEFINED 1 0 1413300 0
BLACKROCK INSD MUNI TERM COMMON 092474105 107 10600SH DEFINED 1 0 10600 0
BLACKROCK INVT QUALITY T COMMON 09247J102 5591 693400SH DEFINED 1 0 693400 0
BLACKROCK INSD MUNI 2008 COMMON 09247K109 21892 1503300SH DEFINED 1 0 1503300 0
AMERICAN STRATEGIC INCOM COMMON 030099105 27664 2405579SH DEFINED 1 0 2405579 0
BLACKROCK 2001 TERM TRUS COMMON 092477108 7739 836700SH DEFINED 1 0 836700 0
AMERICAN MUNI TERM TRUST COMMON 027653104 9015 863700SH DEFINED 1 0 863700 0
CIRCLE INCOME SHARES INC COMMON 172572109 541 55300SH DEFINED 1 0 55300 0
COLONIAL INTERMARKET INC COMMON 195762109 54 6200SH DEFINED 1 0 6200 0
AMERICAN STRATEGIC INC COMMON 03009T101 14190 1297387SH DEFINED 1 0 1297387 0
CURRENT INCOME SHS INC COMMON 231298100 1174 109200SH DEFINED 1 0 109200 0
AMERICAN MUNI TERM TRUST COMMON 027654102 8220 778200SH DEFINED 1 0 778200 0
DREYFUS MUNICIPAL INCOME COMMON 26201R102 158 20000SH DEFINED 1 0 20000 0
DUFF & PHELPS UTILS TAX- COMMON 264325101 508 40000SH DEFINED 1 0 40000 0
DUFF & PHELPS UTIL & COR COMMON 26432K108 1188 99000SH DEFINED 1 0 99000 0
FORTIS SECURITIES INC COMMON 34955T100 39 5100SH DEFINED 1 0 5100 0
FORT DEARBORN INCOME SEC COMMON 347200107 103 7700SH DEFINED 1 0 7700 0
ACM GOVT SECURITIES FUND COMMON 000914101 3607 497500SH DEFINED 1 0 497500 0
MSDW GOVERNMENT INCOME T COMMON 61745P106 701 85000SH DEFINED 1 0 85000 0
HATTERAS INCOME SECURITI COMMON 419025101 1097 84000SH DEFINED 1 0 84000 0
CIGNA INVESTMENT SECURIT COMMON 17179X106 554 36300SH DEFINED 1 0 36300 0
JOHN HANCOCK INVEST TRUS COMMON 410142103 2651 147300SH DEFINED 1 0 147300 0
JOHN HANCOCK INCOME SECS COMMON 410123103 1920 140300SH DEFINED 1 0 140300 0
KEMPER INTERMED GOV TST COMMON 488413105 831 127900SH DEFINED 1 0 127900 0
DREYFUS STRATEGIC MUNICI COMMON 261932107 605 70700SH DEFINED 1 0 70700 0
LINCOLN NATL INCOME FUND COMMON 534217104 1490 134700SH DEFINED 1 0 134700 0
MUNICIPAL ADVANTAGE FUND COMMON 626189104 960 82100SH DEFINED 1 0 82100 0
MFS GOVT MARKETS INC TRU COMMON 552939100 214 35000SH DEFINED 1 0 35000 0
MFS INTERMEDIATE INC TRU COMMON 55273C107 573 89950SH DEFINED 1 0 89950 0
MFS MULTIMARKET INC TRUS COMMON 552737108 928 150000SH DEFINED 1 0 150000 0
MINNESOTA MUNI TERM TRUS COMMON 604065102 7432 734000SH DEFINED 1 0 734000 0
MINNESOTA MUNI TERM TRUS COMMON 604066100 5525 545700SH DEFINED 1 0 545700 0
MENTOR INCOME FUND INC COMMON 587204108 4293 549500SH DEFINED 1 0 549500 0
MONTGOMERY STREET INCOME COMMON 614115103 3815 226900SH DEFINED 1 0 226900 0
PIONEER INTEREST SHARES COMMON 723703104 2757 246400SH DEFINED 1 0 246400 0
NATIONS GOVT INC TERM 20 COMMON 638583104 45 5000SH DEFINED 1 0 5000 0
NUVEEN PREMIUM INC MUNI COMMON 67062T100 1125 92800SH DEFINED 1 0 92800 0
NUVEEN PERFORMANCE PLUS COMMON 67062P108 1024 83600SH DEFINED 1 0 83600 0
MSDW MUNI INCOME OPPORTU COMMON 61745P445 226 29900SH DEFINED 1 0 29900 0
OPPENHEIMER MULTI-SECTOR COMMON 683933105 5840 713300SH DEFINED 1 0 713300 0
PACIFIC AMER INCOME SHAR COMMON 693796104 650 50000SH DEFINED 1 0 50000 0
PIMCO COMMERCIAL MTG SEC COMMON 693388100 576 48000SH DEFINED 1 0 48000 0
RCM STRATEGIC GLOBAL GOV COMMON 74936A101 2185 228500SH DEFINED 1 0 228500 0
SMITH BARNEY INTMED MUNI COMMON 831802103 225 25500SH DEFINED 1 0 25500 0
SELIGMAN SELECT MUNICIPA COMMON 816344105 1450 145000SH DEFINED 1 0 145000 0
ACM GOVERNMENT SPECTRUM COMMON 000917104 2001 330000SH DEFINED 1 0 330000 0
AMERICAN SELECT PORTFOLI COMMON 029570108 8704 765194SH DEFINED 1 0 765194 0
TRANSAMERICA INCOME SHAR COMMON 893506105 1036 45400SH DEFINED 1 0 45400 0
TCW/DW TERM TRUST 2003 COMMON 87234U108 2438 260000SH DEFINED 1 0 260000 0
VAN KAMPEN BOND FUND COMMON 920955101 1732 101500SH DEFINED 1 0 101500 0
VESTAUR SECURITIES COMMON 925464109 926 73000SH DEFINED 1 0 73000 0
VAN KAMP TR/INV GRD MUNI COMMON 920929106 626 45700SH DEFINED 1 0 45700 0
VAN KAMPEN INCOME TRUST COMMON 920957107 1478 225200SH DEFINED 1 0 225200 0
VAN KAMPEN ADV MUNI INCO COMMON 921124103 558 42300SH DEFINED 1 0 42300 0
VAN KAMP STRAT SECTOR MU COMMON 920943107 5619 486000SH DEFINED 1 0 486000 0
VAN KAMPEN VALUE MUNI IN COMMON 921132106 50 4000SH DEFINED 1 0 4000 0
VOYAGEUR MINNESOTA MUNI COMMON 928923101 976 73300SH DEFINED 1 0 73300 0
VAN KAMPEN MUNI OPPOR TR COMMON 920935103 6129 433900SH DEFINED 1 0 433900 0
VAN KAMPEN PA MUN TR VTP COMMON 920934106 152 11000SH DEFINED 1 0 11000 0
VOYAGEUR MINN MUNI INC I COMMON 92907E100 116 9200SH DEFINED 1 0 9200 0
AMERICAN MUNI INCOME PT COMMON 027649102 485 40000SH DEFINED 1 0 40000 0
</TABLE>
