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Previous: GMO TRUST, 13F-E, 1998-05-04 |
Next: CIRRUS LOGIC INC, 8-A12G, 1998-05-04 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/98
Institutional Investment Manager:
GRANTHAM, MAYO, VAN OTTERLOO & CO.
40 ROWES WHARF
BOSTON MA 02110
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION IN
THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
FORREST BERKLEY PARTNER (617) 346-7578
Signature, Place and Date of Signing:
/s/ FORREST BERKLEY BOSTON MA 03/31/98
Other Managers on Whose Behalf this Report is Filed:
01 STRATEGIC INVESTMENT MANAGEMENT INTERNATIONAL 028-02495
<PAGE> PAGE 2
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
20TH CENTY INDS CAL COM PAR $10 901272203 1908 71000 SH SOLE 71000 0 0
360 COMMUNICATIONS CO COM 885571109 1109 35500 SH SOLE 35500 0 0
AAR CORP COM 000361105 556 20400 SH SOLE 20400 0 0
ABBOTT LABS COM 002824100 96580 1282404 SH SOLE 1282404 0 0
ABITIBI-CONSOLIDATED INC COM 003924107 10483 966571 SH SOLE 966571 0 0
ACCLAIM ENTMT INC COM PAR $002 004325205 744 112300 SH SOLE 112300 0 0
ACCUSTAFF INC COM 004401105 1038 30100 SH SOLE 30100 0 0
ACX TECHNOLOGIES INC COM 005123104 2063 86200 SH SOLE 86200 0 0
ADELPHIA COMMUNICATIONS CORP CL A 006848105 1167 39400 SH SOLE 39400 0 0
ADOBE SYS INC COM 00724F101 1057 23400 SH SOLE 23400 0 0
ADTRAN INC COM 00738A106 1057 35600 SH SOLE 35600 0 0
ADVANCED MICRO DEVICES INC COM 007903107 9643 331800 SH SOLE 331800 0 0
ADVANTA CORP CL A 007942105 756 33600 SH SOLE 33600 0 0
ADVO INC COM 007585102 522 18900 SH SOLE 18900 0 0
AEGON N V SPONSORED ADR 007924103 1565 12898 SH SOLE 12898 0 0
AEROQUIP-VICKERS INC COM 007869100 2442 42200 SH SOLE 42200 0 0
AES CORP COM 00130H105 23004 438700 SH SOLE 438700 0 0
AETNA INC COM 008117103 759 9100 SH SOLE 9100 0 0
AFFILIATED COMPUTER SERVICES CL A 008190100 369 11100 SH SOLE 11100 0 0
AFLAC INC COM 001055102 917 14500 SH SOLE 14500 0 0
AGCO CORP COM 001084102 2200 74100 SH SOLE 74100 0 0
AGOURON PHARMACEUTICALS INC COM 008488108 667 17600 SH SOLE 17600 0 0
AGRIUM INC COM 008916108 841 84661 SH SOLE 84661 0 0
AHMANSON H F & CO COM 008677106 34712 447900 SH SOLE 447900 0 0
AIR EXPRESS INTL CORP COM 009104100 835 31450 SH SOLE 31450 0 0
AIRBORNE FGHT CORP COM 009266107 6532 173600 SH SOLE 173600 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 3186 65100 SH SOLE 65100 0 0
AJL PEPS TR PEPS EXCH AJL 009710104 3100 310000 SH SOLE 310000 0 0
AK STL HLDG CORP COM 001547108 380 18000 SH SOLE 18000 0 0
ALASKA AIR GROUP INC COM 011659109 1609 29700 SH SOLE 29700 0 0
ALBANK FINL CORP COM 012046108 566 11300 SH SOLE 11300 0 0
ALBEMARLE CORP COM 012653101 1773 70200 SH SOLE 70200 0 0
ALBERTA ENERGY LTD COM 012873105 293 16700 SH SOLE 16700 0 0
ALBERTO CULVER CO CL B CONV 013068101 916 30100 SH SOLE 30100 0 0
ALBERTSONS INC COM 013104104 28163 533900 SH SOLE 533900 0 0
ALCAN ALUMINIUM LTD NEW COM 013716105 1678 53700 SH SOLE 53700 0 0
ALEXANDRIA REAL ESTATE EQ INC COM 015271109 878 27700 SH SOLE 27700 0 0
ALIANT COMMUNICATIONS INC COM 016090102 527 15500 SH SOLE 15500 0 0
ALLEGHANY CORP DEL COM 017175100 2095 6163 SH SOLE 6163 0 0
ALLEGHENY ENERGY INC COM 017361106 5004 149100 SH SOLE 149100 0 0
ALLERGAN INC COM 018490102 3428 90200 SH SOLE 90200 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 558 8900 SH SOLE 8900 0 0
ALLIED GROUP INC COM 019220102 1687 52300 SH SOLE 52300 0 0
ALLSTATE CORP COM 020002101 4255 46283 SH SOLE 46283 0 0
ALLTEL CORP COM 020039103 4251 97300 SH SOLE 97300 0 0
ALPHARMA INC CL A 020813101 826 38100 SH SOLE 38100 0 0
ALTERNATIVE RESOURCES CORP COM 02145R102 714 33900 SH SOLE 33900 0 0
ALUMAX INC COM 022197107 3285 72600 SH SOLE 72600 0 0
ALUMINUM CO AMER COM 022249106 447 6500 SH SOLE 6500 0 0
AMB PROPERTY CORP COM 00163T109 603 25000 SH SOLE 25000 0 0
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMBAC FINL GROUP INC COM 023139108 5236 89600 SH SOLE 89600 0 0
AMC ENTMT INC COM 001669100 485 20300 SH SOLE 20300 0 0
AMCAST INDL CORP COM 023395106 3017 139500 SH SOLE 139500 0 0
AMCOL INTL CORP COM 02341W103 238 15750 SH SOLE 15750 0 0
AMERADA HESS CORP COM 023551104 1365 23400 SH SOLE 23400 0 0
AMERCO COM 023586100 415 13500 SH SOLE 13500 0 0
AMERICA ONLINE INC DEL COM 02364J104 27195 398100 SH SOLE 398100 0 0
AMERICA WEST HLDG CORP CL B 023657208 2017 78700 SH SOLE 78700 0 0
AMERICAN ANNUITY GROUP INC COM 023840101 1007 45000 SH SOLE 45000 0 0
AMERICAN BANKERS INS GROUP INC COM 024456105 3567 55300 SH SOLE 55300 0 0
AMERICAN BUSINESS PRODS GA COM 024763104 498 22500 SH SOLE 22500 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553D108 1527 34700 SH SOLE 34700 0 0
AMERICAN ELEC PWR INC COM 025537101 16070 319800 SH SOLE 319800 0 0
AMERICAN EXPRESS CO COM 025816109 2277 24800 SH SOLE 24800 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 976 22500 SH SOLE 22500 0 0
AMERICAN GEN HOSPITALITY CORP COM 025930108 1811 65400 SH SOLE 65400 0 0
AMERICAN GENERAL CORP COM 026351106 1403 21691 SH SOLE 21691 0 0
AMERICAN GREETINGS CORP CL A 026375105 1076 23400 SH SOLE 23400 0 0
AMERICAN HERITAGE LIFE INVT COM 026522102 1124 54498 SH SOLE 54498 0 0
AMERICAN HOME PRODS CORP COM 026609107 1421 14900 SH SOLE 14900 0 0
AMERICAN NATL INS CO COM 028591105 2333 23900 SH SOLE 23900 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 2424 84500 SH SOLE 84500 0 0
AMERICAN STORES CO NEW COM 030096101 6880 264600 SH SOLE 264600 0 0
AMERICAN WTR WKS INC COM 030411102 1603 50800 SH SOLE 50800 0 0
AMERICREDIT CORP COM 03060R101 888 32300 SH SOLE 32300 0 0
AMERISOURCE HEALTH CORP CL A 03071P102 1082 18000 SH SOLE 18000 0 0
AMERITECH CORP NEW COM 030954101 19889 402300 SH SOLE 402300 0 0
AMERON INTL INC COM 030710107 1122 19200 SH SOLE 19200 0 0
AMGEN INC COM 031162100 664 10900 SH SOLE 10900 0 0
AMOCO CORP COM 031905102 233 2700 SH SOLE 2700 0 0
AMPHENOL CORP NEW CL A 032095101 900 15600 SH SOLE 15600 0 0
AMR CORP COM 001765106 17884 124900 SH SOLE 124900 0 0
AMRESCO INC COM 031909104 1028 31400 SH SOLE 31400 0 0
AMSOUTH BANCORPORATION COM 032165102 8458 143200 SH SOLE 143200 0 0
ANCHOR GAMING COM 033037102 3052 41100 SH SOLE 41100 0 0
ANHEUSER BUSCH COS INC COM 035229103 37698 815100 SH SOLE 815100 0 0
ANIXTER INTL INC COM 035290105 422 22900 SH SOLE 22900 0 0
ANNTAYLOR STORES CORP COM 036115103 623 37900 SH SOLE 37900 0 0
ANTEC CORP COM 03664P105 1128 75200 SH SOLE 75200 0 0
AON CORP COM 037389103 427 6600 SH SOLE 6600 0 0
APACHE CORP COM 037411105 1227 33400 SH SOLE 33400 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 4832 125500 SH SOLE 125500 0 0
APOLLO GROUP INC CL A 037604105 635 13200 SH SOLE 13200 0 0
APPLE COMPUTER INC COM 037833100 1642 59700 SH SOLE 59700 0 0
APPLIED MATLS INC COM 038222105 35135 995000 SH SOLE 995000 0 0
APPLIED PWR INC CL A 038225108 3380 87800 SH SOLE 87800 0 0
APRIA HEALTHCARE GROUP INC COM 037933108 570 64200 SH SOLE 64200 0 0
ARCH COAL INC COM 039380100 1866 69100 SH SOLE 69100 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 6893 314197 SH SOLE 314197 0 0
ARCTIC CAT INC COM 039670104 963 103425 SH SOLE 103425 0 0
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ARGONAUT GROUP INC COM 040157109 871 24100 SH SOLE 24100 0 0
ARMCO INC COM 042170100 741 126200 SH SOLE 126200 0 0
ARROW ELECTRS INC COM 042735100 790 29200 SH SOLE 29200 0 0
ARROW INTL INC COM 042764100 818 23800 SH SOLE 23800 0 0
ARVIN INDS INC COM 043339100 1384 33800 SH SOLE 33800 0 0
ASA HLDGS INC COM 04338Q107 1852 50300 SH SOLE 50300 0 0
ASARCO INC COM 043413103 2087 78200 SH SOLE 78200 0 0
ASM INTL N V COM N07045102 30077 2703511 SH SOLE 2703511 0 0
ASTORIA FINL CORP COM 046265104 1310 21200 SH SOLE 21200 0 0
AT&T CORP COM 001957109 56354 857090 SH SOLE 857090 0 0
ATLANTIC RICHFIELD CO COM 048825103 60258 766400 SH SOLE 766400 0 0
ATWOOD OCEANICS INC COM 050095108 503 9300 SH SOLE 9300 0 0
AURA SYS INC COM 051526101 802 235500 SH SOLE 235500 0 0
AUTODESK INC COM 052769106 2622 60800 SH SOLE 60800 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 1218 17900 SH SOLE 17900 0 0
AUTOZONE INC COM 053332102 12429 366900 SH SOLE 366900 0 0
AVANT CORP COM 053487104 499 23900 SH SOLE 23900 0 0
AVENOR INC COM 05356K104 1734 102200 SH SOLE 102200 0 0
AVIALL INC NEW COM 05366B102 1328 88500 SH SOLE 88500 0 0
AVID TECHNOLOGY INC COM 05367P100 2093 50900 SH SOLE 50900 0 0
AVNET INC COM 053807103 5894 102400 SH SOLE 102400 0 0
AZTAR CORP COM 054802103 1313 152200 SH SOLE 152200 0 0
BAKER HUGHES INC COM 057224107 403 10000 SH SOLE 10000 0 0
BALDWIN & LYONS INC CL B 057755209 718 33400 SH SOLE 33400 0 0
BALL CORP COM 058498106 1051 32100 SH SOLE 32100 0 0
BALLARD MED PRODS COM 058566100 1247 46200 SH SOLE 46200 0 0
BALTIMORE GAS & ELEC CO COM 059165100 10630 325200 SH SOLE 325200 0 0
BANC ONE CORP COM 059438101 41748 660054 SH SOLE 660054 0 0
BANCO GANADERO S A SPONSRD ADR B 059594408 1185 34800 SH SOLE 34800 0 0
BANCO INDL COLOMBIANO S A SP ADR PREF 059600106 260 22600 SH SOLE 22600 0 0
BANCO SANTIAGO SP ADR REP COM 05965L105 4403 195700 SH SOLE 195700 0 0
BANCTEC INC COM 059784108 453 18400 SH SOLE 18400 0 0
BANDAG INC COM 059815100 2558 43400 SH SOLE 43400 0 0
BANK MONTREAL QUE COM 063671101 455 12000 SH SOLE 12000 0 0
BANK NEW YORK INC COM 064057102 2073 33000 SH SOLE 33000 0 0
BANKAMERICA CORP COM 066050105 3396 41100 SH SOLE 41100 0 0
BANKBOSTON CORP COM 06605R106 31796 288400 SH SOLE 288400 0 0
BANKERS TRUST N Y CORP COM 066365107 24399 202800 SH SOLE 202800 0 0
BANTA CORP COM 066821109 1746 56450 SH SOLE 56450 0 0
BARD C R INC COM 067383109 1797 48900 SH SOLE 48900 0 0
BARNES & NOBLE INC COM 067774109 2605 66800 SH SOLE 66800 0 0
BARNES GROUP INC COM 067806109 1392 41800 SH SOLE 41800 0 0
BASSETT FURNITURE INDS INC COM 070203104 675 22000 SH SOLE 22000 0 0
BAUSCH & LOMB INC COM 071707103 1266 27700 SH SOLE 27700 0 0
BAY APT CMNTYS INC COM 072012107 3245 87400 SH SOLE 87400 0 0
BAY NETWORKS INC COM 072510100 23352 860900 SH SOLE 860900 0 0
BCE INC COM 05534B109 13910 473810 SH SOLE 473810 0 0
BCE MOBILE COMMUNICATION INC COM 05534G108 581 27200 SH SOLE 27200 0 0
BEAR STEARNS COS INC COM 073902108 13170 256348 SH SOLE 256348 0 0
BECKMAN INSTRS INC NEW COM 075816108 2058 35900 SH SOLE 35900 0 0
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BECTON DICKINSON & CO COM 075887109 1620 23800 SH SOLE 23800 0 0
BED BATH & BEYOND INC COM 075896100 3118 67500 SH SOLE 67500 0 0
BEDFORD PPTY INVS INC COM PAR $002 076446301 1018 52700 SH SOLE 52700 0 0
BELL ATLANTIC CORP COM 077853109 58043 567660 SH SOLE 567660 0 0
BELLSOUTH CORP COM 079860102 1571 23300 SH SOLE 23300 0 0
BELO A H CORP DEL COM SER A 080555105 2387 43400 SH SOLE 43400 0 0
BENEFICIAL CORP COM 081721102 12158 97800 SH SOLE 97800 0 0
BERGEN BRUNSWIG CORP CL A 083739102 3457 81100 SH SOLE 81100 0 0
BERKLEY W R CORP COM 084423102 1909 40300 SH SOLE 40300 0 0
BERLITZ INTL INC NEW COM 08520F100 796 29400 SH SOLE 29400 0 0
BEST BUY INC COM 086516101 17712 265600 SH SOLE 265600 0 0
BESTFOODS COM 08658U101 48199 412400 SH SOLE 412400 0 0
BETHLEHEM STL CORP COM 087509105 4348 320600 SH SOLE 320600 0 0
BEVERLY ENTERPRISES INC COM NEW 087851309 1215 91300 SH SOLE 91300 0 0
BHC COMMUNICATIONS INC CL A 055448104 4304 30500 SH SOLE 30500 0 0
BINDLEY WESTN INDS INC COM 090324104 1370 36100 SH SOLE 36100 0 0
BIOCHEM PHARMA INC COM 09058T108 1554 91400 SH SOLE 91400 0 0
BIOMATRIX INC COM 09060P102 1001 33500 SH SOLE 33500 0 0
BIOMET INC COM 090613100 3723 124100 SH SOLE 124100 0 0
BIRMINGHAM STL CORP COM 091250100 784 47900 SH SOLE 47900 0 0
BJ SVCS CO COM 055482103 3480 95500 SH SOLE 95500 0 0
BLOCK DRUG INC CL A 093644102 704 16761 SH SOLE 16761 0 0
BLOCK H & R INC COM 093671105 4162 87500 SH SOLE 87500 0 0
BLUE SQUARE - ISRAEL LTD SPONSORED ADR 096055108 558 41700 SH SOLE 41700 0 0
BLYTH INDS INC COM 09643P108 1010 29600 SH SOLE 29600 0 0
BMC SOFTWARE INC COM 055921100 955 11400 SH SOLE 11400 0 0
BOB EVANS FARMS INC COM 096761101 792 37400 SH SOLE 37400 0 0
BOEING CO COM 097023105 4903 94056 SH SOLE 94056 0 0
BOISE CASCADE CORP COM 097383103 541 15000 SH SOLE 15000 0 0
BOK FINL CORP COM NEW 05561Q201 2496 51072 SH SOLE 51072 0 0
BORDERS GROUP INC COM 099709107 2613 76700 SH SOLE 76700 0 0
BORG-WARNER AUTOMOTIVE INC COM 099724106 2559 39900 SH SOLE 39900 0 0
BORLAND INTL INC COM 099843104 613 68400 SH SOLE 68400 0 0
BOSTON EDISON CO COM 100599109 3254 77600 SH SOLE 77600 0 0
BOSTON PROPERTIES INC COM 101121101 6830 194100 SH SOLE 194100 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1073 15900 SH SOLE 15900 0 0
BOWATER INC COM 102183100 3081 54600 SH SOLE 54600 0 0
BOWNE & CO INC COM 103043105 1399 33500 SH SOLE 33500 0 0
BOYKIN LODGING CO COM 103430104 980 39600 SH SOLE 39600 0 0
BRADLEY REAL ESTATE INC COM 104580105 1522 72900 SH SOLE 72900 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3677 154400 SH SOLE 154400 0 0
BRE PROPERTIES INC CL A 05564E106 2721 95700 SH SOLE 95700 0 0
BREED TECHNOLOGIES INC COM 106702103 583 25000 SH SOLE 25000 0 0
BRINKER INTL INC COM 109641100 1921 87800 SH SOLE 87800 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 54030 517970 SH SOLE 517970 0 0
BRODERBUND SOFTWARE INC COM 112014105 1579 86500 SH SOLE 86500 0 0
BROWN GROUP INC COM 115657108 322 22400 SH SOLE 22400 0 0
BROWNING FERRIS INDS COM 115885105 2855 87500 SH SOLE 87500 0 0
BUCKLE INC COM 118440106 1148 22900 SH SOLE 22900 0 0
BUFFETS INC COM 119882108 1683 122400 SH SOLE 122400 0 0
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BURLINGTON COAT FACTORY COM 121579106 2692 154920 SH SOLE 154920 0 0
BURLINGTON INDS INC COM 121693105 1538 87600 SH SOLE 87600 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 45323 435800 SH SOLE 435800 0 0
BURLINGTON RES INC COM 122014103 240 5000 SH SOLE 5000 0 0
BURR BROWN CORP COM 122574106 853 34100 SH SOLE 34100 0 0
CABLE DESIGN TECHNOLOGIES CORP COM 126924109 711 23600 SH SOLE 23600 0 0
CABLETRON SYS INC COM 126920107 199 13700 SH SOLE 13700 0 0
CABLEVISION SYS CORP CL A 12686C109 3130 47600 SH SOLE 47600 0 0
CABOT CORP COM 127055101 815 22100 SH SOLE 22100 0 0
CABOT OIL & GAS CORP CL A 127097103 453 20000 SH SOLE 20000 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 391 11300 SH SOLE 11300 0 0
CADILLAC FAIRVIEW CORP COM 126929207 2000 92500 SH SOLE 92500 0 0
CALENERGY INC COM 129466108 777 27500 SH SOLE 27500 0 0
CALLAWAY GOLF CO COM 131193104 5014 172900 SH SOLE 172900 0 0
CALPINE CORP COM 131347106 623 35000 SH SOLE 35000 0 0
CAMCO INTL INC COM 132632100 1222 20200 SH SOLE 20200 0 0
CAMDEN PPTY TR SH BEN INT 133131102 1733 58504 SH SOLE 58504 0 0
CAMECO CORP COM 13321L108 363 16700 SH SOLE 16700 0 0
CANADIAN IMPERIAL BK COMM ONT COM 136069101 390 16000 SH SOLE 16000 0 0
CANADIAN MARCONI CO COM 136357100 510 50000 SH SOLE 50000 0 0
CANADIAN NATL RY CO COM 136375102 3884 86300 SH SOLE 86300 0 0
CANADIAN PAC LTD NEW COM 135923100 2442 82900 SH SOLE 82900 0 0
CANANDAIGUA BRANDS INC CL B 137219101 1810 32400 SH SOLE 32400 0 0
CAPITAL RE CORP COM 140432105 1600 24900 SH SOLE 24900 0 0
CAPSTAR HOTEL CO COM 140918103 867 25000 SH SOLE 25000 0 0
CARLISLE COS INC COM 142339100 629 12800 SH SOLE 12800 0 0
CARMIKE CINEMAS INC CL A 143436103 392 12200 SH SOLE 12200 0 0
CAROLINA PWR & LT CO COM 144141108 14204 313900 SH SOLE 313900 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 1053 19500 SH SOLE 19500 0 0
CARRAMERICA RLTY CORP COM 144418100 216 7200 SH SOLE 7200 0 0
CASEYS GEN STORES INC COM 147528103 526 32900 SH SOLE 32900 0 0
CASH AMER INTL INC COM 14754D100 1555 95700 SH SOLE 95700 0 0
CATALINA MARKETING CORP COM 148867104 2063 39200 SH SOLE 39200 0 0
CATELLUS DEV CORP COM 149111106 13957 751900 SH SOLE 751900 0 0
CATERPILLAR INC DEL COM 149123101 694 12600 SH SOLE 12600 0 0
CATO CORP NEW CL A 149205106 539 45400 SH SOLE 45400 0 0
CBS CORP COM 12490K107 7385 217600 SH SOLE 217600 0 0
CCB FINL CORP COM 124875105 1194 10800 SH SOLE 10800 0 0
CELLSTAR CORP COM 150925105 1005 31400 SH SOLE 31400 0 0
CELLULAR COMMUNICATIONS INTL COM 150918100 1646 24200 SH SOLE 24200 0 0
CENDANT CORP COM 151313103 4261 107198 SH SOLE 107198 0 0
CENTENNIAL CELLULAR CORP CL A 15133V109 410 15600 SH SOLE 15600 0 0
CENTERPOINT PPTYS TR SH BEN INT 151895109 1720 49600 SH SOLE 49600 0 0
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 980 26900 SH SOLE 26900 0 0
CENTEX CORP COM 152312104 5818 152600 SH SOLE 152600 0 0
CENTRAL HUDSON GAS & ELEC CORP COM 153609102 929 21300 SH SOLE 21300 0 0
CENTRAL LA ELEC INC COM NEW 153897608 617 18000 SH SOLE 18000 0 0
CENTRAL MAINE PWR CO COM 154051106 1688 95800 SH SOLE 95800 0 0
CENTRAL NEWSPAPERS INC CL A 154647101 1720 24200 SH SOLE 24200 0 0
CENTRAL PKG CORP COM 154785109 1253 26250 SH SOLE 26250 0 0
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CENTURY TEL ENTERPRISES INC COM 156686107 11235 183800 SH SOLE 183800 0 0
CERNER CORP COM 156782104 682 31800 SH SOLE 31800 0 0
CHAMPION ENTERPRISES INC COM 158496109 1607 60200 SH SOLE 60200 0 0
CHAMPION INTL CORP COM 158525105 10216 188100 SH SOLE 188100 0 0
CHARMING SHOPPES INC COM 161133103 514 108200 SH SOLE 108200 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 51883 384672 SH SOLE 384672 0 0
CHATEAU CMNTYS INC COM 161726104 1434 48200 SH SOLE 48200 0 0
CHECKFREE HLDGS CORP COM 162816102 1066 48200 SH SOLE 48200 0 0
CHEMED CORP COM 163596109 402 9800 SH SOLE 9800 0 0
CHESAPEAKE CORP COM 165159104 1746 50600 SH SOLE 50600 0 0
CHEVRON CORPORATION COM 166751107 7341 91400 SH SOLE 91400 0 0
CHICAGO MINIATURE LAMP INC COM 167781103 741 19050 SH SOLE 19050 0 0
CHILE FD INC COM 168834109 381 22000 SH SOLE 22000 0 0
CHILGENER S A SPONSORED ADR 168894103 14644 608590 SH SOLE 608590 0 0
CHIQUITA BRANDS INTL INC COM 170032106 883 64500 SH SOLE 64500 0 0
CHRIS CRAFT INDS INC COM 170520100 1957 33200 SH SOLE 33200 0 0
CHRYSLER CORP COM 171196108 1053 25300 SH SOLE 25300 0 0
CHUBB CORP COM 171232101 282 3600 SH SOLE 3600 0 0
CIGNA CORP COM 125509109 451 2200 SH SOLE 2200 0 0
CILCORP INC COM 171794100 400 8300 SH SOLE 8300 0 0
CINCINNATI FINL CORP COM 172062101 2117 16900 SH SOLE 16900 0 0
CINCINNATI MILACRON INC COM 172172108 3509 110100 SH SOLE 110100 0 0
CINERGY CORP COM 172474108 16575 449500 SH SOLE 449500 0 0
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 889 42100 SH SOLE 42100 0 0
CIRRUS LOGIC CORP COM 172755100 236 23300 SH SOLE 23300 0 0
CISCO SYS INC COM 17275R102 1104 16150 SH SOLE 16150 0 0
CITICORP COM 173034109 10920 76899 SH SOLE 76899 0 0
CITIZENS BKG CORP MICH COM 174420109 1171 32800 SH SOLE 32800 0 0
CITIZENS CORP COM 174533109 1566 50300 SH SOLE 50300 0 0
CITIZENS UTILS CO DEL CL B 177342201 3499 331242 SH SOLE 331242 0 0
CITRIX SYS INC COM 177376100 4178 77100 SH SOLE 77100 0 0
CKE RESTAURANTS INC COM 12561E105 2589 70450 SH SOLE 70450 0 0
CLAIRE'S STORES INC COM 179584107 665 29000 SH SOLE 29000 0 0
CLAYTON HOMES INC COM 184190106 3488 172250 SH SOLE 172250 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 1058 10800 SH SOLE 10800 0 0
CLEVELAND CLIFFS INC COM 185896107 941 17500 SH SOLE 17500 0 0
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<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
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<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
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<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
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E M C CORP MASS COM 268648102 19946 527500 SH SOLE 527500 0 0
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<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
EVI INC COM 268939105 4678 101000 SH SOLE 101000 0 0
EXABYTE CORP COM 300615101 487 56500 SH SOLE 56500 0 0
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<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
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<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
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HEALTH MGMT SYS INC COM 42219M100 751 60100 SH SOLE 60100 0 0
HEARTLAND EXPRESS INC COM 422347104 658 23700 SH SOLE 23700 0 0
HEILIG MEYERS CO COM 422893107 877 62400 SH SOLE 62400 0 0
HELIX TECHNOLOGY CORP COM 423319102 744 37200 SH SOLE 37200 0 0
HELMERICH & PAYNE INC COM 423452101 1428 45600 SH SOLE 45600 0 0
HERSHEY FOODS CORP COM 427866108 1676 23400 SH SOLE 23400 0 0
HEWLETT PACKARD CO COM 428236103 2003 31600 SH SOLE 31600 0 0
HIBERNIA CORP CL A 428656102 4871 236900 SH SOLE 236900 0 0
HIGHWOODS PPTYS INC COM 431284108 5032 142500 SH SOLE 142500 0 0
HILLENBRAND INDS INC COM 431573104 3903 63400 SH SOLE 63400 0 0
HILTON HOTELS CORP COM 432848109 1594 50000 SH SOLE 50000 0 0
HNC SOFTWARE INC COM 40425P107 448 11900 SH SOLE 11900 0 0
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HOLLINGER INC EQUITY UNIT 43556C309 650 75500 SH SOLE 75500 0 0
HOLLINGER INTL INC CL A 435569108 1965 118200 SH SOLE 118200 0 0
HOLLY CORP COM PAR $001 435758305 515 19000 SH SOLE 19000 0 0
HOME DEPOT INC COM 437076102 55202 816300 SH SOLE 816300 0 0
HOME PPTYS N Y INC COM 437306103 2081 75000 SH SOLE 75000 0 0
HOMEBASE INC COM 43738E108 872 104100 SH SOLE 104100 0 0
HON INDS INC COM 438092108 1793 48800 SH SOLE 48800 0 0
HORACE MANN EDUCATORS CORP NEW COM 440327104 2852 81200 SH SOLE 81200 0 0
HORMEL FOODS CORP COM 440452100 1483 38200 SH SOLE 38200 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 2590 73100 SH SOLE 73100 0 0
HOST MARRIOTT CORP COM 441078102 5158 272400 SH SOLE 272400 0 0
HOUSEHOLD INTL INC COM 441815107 579 4200 SH SOLE 4200 0 0
HOUSTON INDS INC COM 442161105 1130 39300 SH SOLE 39300 0 0
HUNT J B TRANS SVCS INC COM 445658107 2227 78300 SH SOLE 78300 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 986 37200 SH SOLE 37200 0 0
HYPERION SOFTWARE INC COM 44914Q105 1859 42000 SH SOLE 42000 0 0
IBP INC COM 449223106 5571 248300 SH SOLE 248300 0 0
ICN PHARMACEUTICALS INC NEW COM 448924100 8061 164500 SH SOLE 164500 0 0
ICOS CORP COM 449295104 836 54800 SH SOLE 54800 0 0
IDEC PHARMACEUTICALS CORP COM 449370105 712 16100 SH SOLE 16100 0 0
IES INDS INC COM 44949M103 584 15700 SH SOLE 15700 0 0
ILLINOVA CORP COM 452317100 4130 136800 SH SOLE 136800 0 0
IMMUNEX CORP NEW COM 452528102 1529 22700 SH SOLE 22700 0 0
IMPERIAL CR INDS INC COM 452729106 921 38900 SH SOLE 38900 0 0
IMPERIAL OIL LTD COM NEW 453038408 4677 117601 SH SOLE 117601 0 0
IN FOCUS SYS INC COM 452919103 544 60400 SH SOLE 60400 0 0
INCO LTD COM 453258402 4259 294489 SH SOLE 294489 0 0
INDIA FD INC COM 454089103 615 84800 SH SOLE 84800 0 0
INDUSTRIE NATUZZI SPA ADR 456478106 774 28000 SH SOLE 28000 0 0
INFORMATION RES INC COM 456905108 660 40600 SH SOLE 40600 0 0
INFORMIX CORP COM 456779107 725 85300 SH SOLE 85300 0 0
INGLES MKTS INC CL A 457030104 771 57100 SH SOLE 57100 0 0
INLAND STL INDS INC COM 457472108 2732 98900 SH SOLE 98900 0 0
INNKEEPERS USA TR COM 4576J0104 2142 130800 SH SOLE 130800 0 0
INPUT/OUTPUT INC COM 457652105 1351 57800 SH SOLE 57800 0 0
INTEGRATED CIRCUIT SYS INC COM 45811K109 484 23100 SH SOLE 23100 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 1135 80700 SH SOLE 80700 0 0
INTEGRATED HEALTH SVCS INC COM 45812C106 1462 37200 SH SOLE 37200 0 0
INTEL CORP COM 458140100 100122 1282600 SH SOLE 1282600 0 0
INTER TEL INC COM 458372109 614 22800 SH SOLE 22800 0 0
INTERFACE INC CL A 458665106 2681 64500 SH SOLE 64500 0 0
INTERGRAPH CORP COM 458683109 1699 200600 SH SOLE 200600 0 0
INTERIM SVCS INC COM 45868P100 587 17400 SH SOLE 17400 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 30446 293100 SH SOLE 293100 0 0
INTERNATIONAL COMFORT PRODS CP ORD 458978103 71 11300 SH SOLE 11300 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 8610 344400 SH SOLE 344400 0 0
INTERNATIONAL MULTIFOODS CORP COM 460043102 1383 46200 SH SOLE 46200 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 411 35000 SH SOLE 35000 0 0
INTERPOOL INC COM 46062R108 911 58800 SH SOLE 58800 0 0
INTERPUBLIC GROUP COS INC COM 460690100 20700 333200 SH SOLE 333200 0 0
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
INTERSOLV INC COM 46070J106 861 48000 SH SOLE 48000 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 3413 104600 SH SOLE 104600 0 0
INTL PAPER CO COM 460146103 1959 41800 SH SOLE 41800 0 0
INTUIT COM 461202103 353 7300 SH SOLE 7300 0 0
IPALCO ENTERPRISES INC COM 462613100 622 13800 SH SOLE 13800 0 0
IPSCO INC COM 462622101 1591 69350 SH SOLE 69350 0 0
IRVINE APT CMNTYS INC COM 463606103 841 26700 SH SOLE 26700 0 0
ISPAT INTL N V CL A 464899103 285 10000 SH SOLE 10000 0 0
JABIL CIRCUIT INC COM 466313103 1739 52200 SH SOLE 52200 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 958 29600 SH SOLE 29600 0 0
JACOR COMMUNUNICATIONS INC CL A 469858401 620 10500 SH SOLE 10500 0 0
JDN RLTY CORP COM 465917102 2079 60800 SH SOLE 60800 0 0
JEFFERIES GROUP INC COM 472318104 2305 40800 SH SOLE 40800 0 0
JEFFERSON PILOT CORP COM 475070108 440 4950 SH SOLE 4950 0 0
JEFFERSON SMURFIT CORP NEW COM 475087102 2126 125500 SH SOLE 125500 0 0
JOHN ALDEN FINL CORP COM 477838106 1203 55800 SH SOLE 55800 0 0
JOHNSON & JOHNSON COM 478160104 94609 1288300 SH SOLE 1288300 0 0
JONES APPAREL GROUP INC COM 480074103 2858 51900 SH SOLE 51900 0 0
JOSTENS INC COM 481088102 1200 50000 SH SOLE 50000 0 0
JP REALTY INC COM 46624A106 1269 50000 SH SOLE 50000 0 0
JSB FINANCIAL INC COM 46624M100 336 6000 SH SOLE 6000 0 0
JUSTIN INDS INC COM 482171105 1111 79000 SH SOLE 79000 0 0
K MART CORP COM 482584109 26330 1577900 SH SOLE 1577900 0 0
KAISER ALUMINUM CORP COM 483007100 805 80000 SH SOLE 80000 0 0
KAMAN CORP CL A 483548103 1656 90100 SH SOLE 90100 0 0
KANSAS CITY LIFE INS CO COM 484836101 1514 17500 SH SOLE 17500 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 10380 235900 SH SOLE 235900 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 4468 136700 SH SOLE 136700 0 0
KAYDON CORP COM 486587108 1034 25300 SH SOLE 25300 0 0
KCS ENERGY INC COM 482434206 536 33500 SH SOLE 33500 0 0
KEANE INC COM 486665102 2701 47800 SH SOLE 47800 0 0
KELLOGG CO COM 487836108 12550 291000 SH SOLE 291000 0 0
KELLWOOD CO COM 488044108 932 30200 SH SOLE 30200 0 0
KELLY SVCS INC CL A 488152208 1519 40500 SH SOLE 40500 0 0
KEMET CORP COM 488360108 704 37900 SH SOLE 37900 0 0
KENNAMETAL INC COM 489170100 721 13700 SH SOLE 13700 0 0
KERR MCGEE CORP COM 492386107 417 6000 SH SOLE 6000 0 0
KEYCORP NEW COM 493267108 333 8800 SH SOLE 8800 0 0
KEYSPAN ENERGY CORP COM 493375109 1042 28700 SH SOLE 28700 0 0
KILROY RLTY CORP COM 49427F108 1362 47700 SH SOLE 47700 0 0
KIMBALL INTL INC CL B 494274103 998 43400 SH SOLE 43400 0 0
KIMBERLY CLARK CORP COM 494368103 1393 27800 SH SOLE 27800 0 0
KINDER MORGAN ENERGY PARTNERS UT LTD PARTNER 494550106 770 22200 SH SOLE 22200 0 0
KING WORLD PRODTNS INC COM 495667107 3930 134360 SH SOLE 134360 0 0
KLA-TENCORP CORP COM 482480100 956 25000 SH SOLE 25000 0 0
KOGER EQUITY INC COM 500228101 1384 61500 SH SOLE 61500 0 0
KOHLS CORP COM 500255104 450 5500 SH SOLE 5500 0 0
KOMAG INC COM 500453105 734 50600 SH SOLE 50600 0 0
KOOR INDS LTD SPONSORED ADR 500507108 403 16300 SH SOLE 16300 0 0
KOREA FD COM 500634100 2925 360000 SH SOLE 360000 0 0
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
KOREAN INVT FD INC COM 500637103 680 160000 SH SOLE 160000 0 0
KROGER CO COM 501044101 4988 108000 SH SOLE 108000 0 0
KUHLMAN CORP COM 501206106 575 11800 SH SOLE 11800 0 0
KULICKE & SOFFA INDS INC COM 501242101 1220 56100 SH SOLE 56100 0 0
LA Z BOY INC COM 505336107 1328 26600 SH SOLE 26600 0 0
LABORATORY CORP AMER HLDGS COM 50540R102 834 430700 SH SOLE 430700 0 0
LAFARGE CORP COM 505862102 3711 96700 SH SOLE 96700 0 0
LAIDLAW INC COM 50730K503 1745 156335 SH SOLE 156335 0 0
LAM RESH CORP COM 512807108 1657 58900 SH SOLE 58900 0 0
LANCASTER COLONY CORP COM 513847103 2335 55015 SH SOLE 55015 0 0
LANDS END INC COM 515086106 1228 33300 SH SOLE 33300 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 1595 31000 SH SOLE 31000 0 0
LCI INTL INC COM 501813109 705 18300 SH SOLE 18300 0 0
LEAR CORP COM 521865105 1206 21400 SH SOLE 21400 0 0
LEE ENTERPRISES INC COM 523768109 268 8000 SH SOLE 8000 0 0
LEGG MASON INC COM 524901105 1728 29133 SH SOLE 29133 0 0
LEGGETT & PLATT INC COM 524660107 1507 29300 SH SOLE 29300 0 0
LEHMAN BROS HLDGS INC COM 524908100 7977 106540 SH SOLE 106540 0 0
LENNAR CORP COM 526057104 1708 49600 SH SOLE 49600 0 0
LEUCADIA NATL CORP COM 527288104 1067 27100 SH SOLE 27100 0 0
LEVEL ONE COMMUNICATIONS INC COM 527295109 1065 45300 SH SOLE 45300 0 0
LEXINGTON CORP PPTYS TR COM 529043101 289 19000 SH SOLE 19000 0 0
LEXMARK INTL GROUP INC CL A 529771107 13289 294500 SH SOLE 294500 0 0
LG&E ENERGY CORP COM 501917108 2437 94400 SH SOLE 94400 0 0
LIBERTY CORP S C COM 530370105 1346 26400 SH SOLE 26400 0 0
LIBERTY FINL COS INC COM 530512102 2405 60800 SH SOLE 60800 0 0
LIBERTY PPTY TR SH BEN INT 531172104 4717 175500 SH SOLE 175500 0 0
LIFE RE CORP COM 532160108 2058 27900 SH SOLE 27900 0 0
LIFE USA HLDG INC COM NEW 531918209 831 54300 SH SOLE 54300 0 0
LILLY ELI & CO COM 532457108 5330 89400 SH SOLE 89400 0 0
LIMITED INC COM 532716107 15611 544200 SH SOLE 544200 0 0
LINCARE HLDGS INC COM 532791100 4061 57500 SH SOLE 57500 0 0
LINCOLN NATL CORP IND COM 534187109 571 6700 SH SOLE 6700 0 0
LINEAR TECHNOLOGY CORP COM 535678106 890 12900 SH SOLE 12900 0 0
LITTON INDS INC COM 538021106 7851 136100 SH SOLE 136100 0 0
LIZ CLAIBORNE INC COM 539320101 3935 78900 SH SOLE 78900 0 0
LOCKHEED MARTIN CORP COM 539830109 3542 31488 SH SOLE 31488 0 0
LOEWEN GROUP INC COM 54042L100 225 12700 SH SOLE 12700 0 0
LOEWS CORP COM 540424108 25500 244600 SH SOLE 244600 0 0
LONE STAR INDS INC COM NEW 542290408 403 5800 SH SOLE 5800 0 0
LONE STAR STEAKHOUSE SALOON COM 542307103 1205 53100 SH SOLE 53100 0 0
LONE STAR TECHNOLOGIES INC COM 542312103 888 37400 SH SOLE 37400 0 0
LONG IS BANCORP INC COM 542662101 436 6900 SH SOLE 6900 0 0
LONG ISLAND LTG CO COM 542671102 7506 238300 SH SOLE 238300 0 0
LONGS DRUG STORES CORP COM 543162101 2112 69400 SH SOLE 69400 0 0
LONGVIEW FIBRE CO COM 543213102 243 15600 SH SOLE 15600 0 0
LOWES COS INC COM 548661107 990 14100 SH SOLE 14100 0 0
LTV CORP NEW COM 501921100 1151 87700 SH SOLE 87700 0 0
LUBRIZOL CORP COM 549271104 3862 100300 SH SOLE 100300 0 0
LUBYS CAFETERIAS INC COM 549282101 498 26200 SH SOLE 26200 0 0
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LUKENS INC DEL COM 549866101 1608 49200 SH SOLE 49200 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 2234 23850 SH SOLE 23850 0 0
LYDALL INC DEL COM 550819106 302 16700 SH SOLE 16700 0 0
LYONDELL PETROCHEMICAL CO COM 552078107 2272 66700 SH SOLE 66700 0 0
MACDERMID INC COM 554273102 1311 45600 SH SOLE 45600 0 0
MACERICH CO COM 554382101 1440 48400 SH SOLE 48400 0 0
MACK CALI RLTY CORP COM 554489104 8262 211500 SH SOLE 211500 0 0
MACMILLAN BLOEDEL LTD COM 554783209 5508 557039 SH SOLE 557039 0 0
MADERAS Y SINTETICOS SOCIEDAD SPONSORED ADR 556465102 1754 170100 SH SOLE 170100 0 0
MAGNA INTL INC CL A 559222401 2395 43700 SH SOLE 43700 0 0
MAGNETEK INC COM 559424106 1044 55500 SH SOLE 55500 0 0
MALLINCKRODT INC NEW COM 561232109 6972 176500 SH SOLE 176500 0 0
MANITOWOC INC COM 563571108 816 21125 SH SOLE 21125 0 0
MANOR CARE INC COM 564054104 807 21800 SH SOLE 21800 0 0
MANPOWER INC COM 56418H100 1413 35000 SH SOLE 35000 0 0
MANUFACTURED HOME CMNTYS INC COM 564682102 1648 63700 SH SOLE 63700 0 0
MARCUS CORP COM 566330106 341 19350 SH SOLE 19350 0 0
MARINE DRILLING COS INC COM PAR $001 568240204 621 28700 SH SOLE 28700 0 0
MARK IV INDS INC COM 570387100 1568 68905 SH SOLE 68905 0 0
MARQUETTE MED SYS INC COM 571490101 2209 79600 SH SOLE 79600 0 0
MARSHALL INDS COM 572393106 1111 33300 SH SOLE 33300 0 0
MARTIN MARIETTA MATLS INC COM 573284106 2621 60700 SH SOLE 60700 0 0
MASCOTECH INC COM 574670105 2053 89000 SH SOLE 89000 0 0
MATTEL INC COM 577081102 25953 656000 SH SOLE 656000 0 0
MAXXAM INC COM 577913106 386 6300 SH SOLE 6300 0 0
MAYTAG CORP COM 578592107 22902 479000 SH SOLE 479000 0 0
MBIA INC COM 55262C100 3743 48300 SH SOLE 48300 0 0
MCCLATCHY NEWSPAPERS INC CL A 579489105 751 25175 SH SOLE 25175 0 0
MCDERMOTT INTL INC COM 580037109 4829 116900 SH SOLE 116900 0 0
MCDONALDS CORP COM 580135101 852 14200 SH SOLE 14200 0 0
MCGRATH RENTCORP COM 580589109 2214 111400 SH SOLE 111400 0 0
MCI COMMUNICATIONS CORP COM 552673105 28027 566200 SH SOLE 566200 0 0
MCKESSON CORP NEW COM 581557105 14894 257900 SH SOLE 257900 0 0
MEAD CORP COM 582834107 6879 192100 SH SOLE 192100 0 0
MEDIA GEN INC CL A 584404107 2056 41800 SH SOLE 41800 0 0
MEDIMMUNE INC COM 584699102 1985 36000 SH SOLE 36000 0 0
MEDPARTNERS INC NEW COM 58503X107 256 25000 SH SOLE 25000 0 0
MEDTRONIC INC COM 585055106 13342 257200 SH SOLE 257200 0 0
MEDUSA CORP COM PAR $0 585072309 1443 23600 SH SOLE 23600 0 0
MEMC ELECTR MATLS INC COM 552715104 657 41400 SH SOLE 41400 0 0
MENTOR CORP MINN COM 587188103 1340 48500 SH SOLE 48500 0 0
MERCANTILE BANKSHARES CORP COM 587405101 1607 44400 SH SOLE 44400 0 0
MERCANTILE STORES INC COM 587533100 2829 42100 SH SOLE 42100 0 0
MERCK & CO INC COM 589331107 26060 203300 SH SOLE 203300 0 0
MERCURY GENL CORP NEW COM 589400100 8709 139200 SH SOLE 139200 0 0
MEREDITH CORP COM 589433101 1091 25900 SH SOLE 25900 0 0
MERIDIAN GOLD INC COM 589975101 749 310000 SH SOLE 310000 0 0
MERIDIAN INDL TR INC COM 589643105 1862 77600 SH SOLE 77600 0 0
MERRILL LYNCH & CO INC COM 590188108 48115 579700 SH SOLE 579700 0 0
METHANEX CORP COM 59151K108 3217 522900 SH SOLE 522900 0 0
<PAGE> PAGE 18
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
METHODE ELECTRS INC CL A 591520200 451 30200 SH SOLE 30200 0 0
METROMEDIA INTL GROUP INC COM 591695101 1355 89200 SH SOLE 89200 0 0
MEYER FRED INC DEL NEW COM 592907109 17001 368086 SH SOLE 368086 0 0
MGI PPTYS INC COM 552885105 830 33800 SH SOLE 33800 0 0
MGIC INVT CORP WIS COM 552848103 3330 50700 SH SOLE 50700 0 0
MICHAEL FOOD INC NEW COM 594079105 3205 119800 SH SOLE 119800 0 0
MICHAELS STORES INC COM 594087108 3842 102800 SH SOLE 102800 0 0
MICRO WHSE INC COM 59501B105 1723 105600 SH SOLE 105600 0 0
MICRON TECHNOLOGY INC COM 595112103 19396 667400 SH SOLE 667400 0 0
MICROSOFT CORP COM 594918104 151201 1689400 SH SOLE 1689400 0 0
MID ATLANTIC MED SVCS INC COM 59523C107 1172 94700 SH SOLE 94700 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1026 36400 SH SOLE 36400 0 0
MIDAMERICA ENERGY HLDGS CO COM 595920109 2373 104582 SH SOLE 104582 0 0
MILLENNIUM CHEMICALS INC COM 599903101 668 20000 SH SOLE 20000 0 0
MILLER HERMAN INC COM 600544100 3115 92900 SH SOLE 92900 0 0
MILLS CORP COM 601148109 1118 42700 SH SOLE 42700 0 0
MINE SAFETY APPLIANCES CO COM 602720104 1904 27600 SH SOLE 27600 0 0
MINNESOTA MNG & MFG CO COM 604059105 683 7500 SH SOLE 7500 0 0
MINNESOTA PWR & LT CO COM 604110106 570 13400 SH SOLE 13400 0 0
MISSISSIPPI CHEM CORP COM NEW 605288208 606 30200 SH SOLE 30200 0 0
MITCHELL ENERGY & DEV CORP CL B 606592301 1230 46400 SH SOLE 46400 0 0
MITEL CORP COM 606711109 751 82200 SH SOLE 82200 0 0
MOBIL CORP COM 607059102 5739 74900 SH SOLE 74900 0 0
MOBILE TELECOMMUNICATIONS TECH COM 607406105 2477 110700 SH SOLE 110700 0 0
MODINE MFG CO COM 607828100 1970 56700 SH SOLE 56700 0 0
MOHAWK INDS INC COM 608190104 2863 90900 SH SOLE 90900 0 0
MONEY STORE INC COM 60934T101 1661 52000 SH SOLE 52000 0 0
MONTANA POWER CO COM 612085100 3426 95000 SH SOLE 95000 0 0
MOORE LTD COM 615785102 5382 387664 SH SOLE 387664 0 0
MORGAN J P & CO INC COM 616880100 430 3200 SH SOLE 3200 0 0
MORGAN KEEGAN INC COM 617410105 960 44025 SH SOLE 44025 0 0
MORGAN STANLEY DEAN WITTR DISC COM NEW 617446448 35080 481377 SH SOLE 481377 0 0
MORGAN STANLEY EMERGING MKTS COM 61744G107 1080 86400 SH SOLE 86400 0 0
MORTON INTL INC IND NEW COM 619335102 545 16600 SH SOLE 16600 0 0
MOTOROLA INC COM 620076109 23905 393500 SH SOLE 393500 0 0
MSC INDL DIRECT INC CL A 553530106 737 13600 SH SOLE 13600 0 0
MTS SYS CORP COM 553777103 933 58300 SH SOLE 58300 0 0
MUELLER INDS INC COM 624756102 405 6400 SH SOLE 6400 0 0
MURPHY OIL CORP COM 626717102 2080 41500 SH SOLE 41500 0 0
MUSICLAND STORES CORP COM 62758B109 936 82700 SH SOLE 82700 0 0
MYLAN LABS INC COM 628530107 2569 111700 SH SOLE 111700 0 0
NABORS INDS INC COM 629568106 2722 114600 SH SOLE 114600 0 0
NAC RE CORP COM 628907107 1384 26400 SH SOLE 26400 0 0
NACCO INDS INC CL A 629579103 3310 24700 SH SOLE 24700 0 0
NASH FINCH CO COM 631158102 2657 133700 SH SOLE 133700 0 0
NATIONAL BANCORP ALASKA COM 632587101 1262 8300 SH SOLE 8300 0 0
NATIONAL COMM BANCORP COM 635449101 1151 27000 SH SOLE 27000 0 0
NATIONAL COMPUTER SYS INC COM 635519101 1098 48800 SH SOLE 48800 0 0
NATIONAL INSTRS CORP COM 636518102 957 28050 SH SOLE 28050 0 0
NATIONAL SEMICONDUCTOR CORP COM 637640103 2864 136800 SH SOLE 136800 0 0
<PAGE> PAGE 19
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NATIONAL STL CORP CL B 637844309 2944 171900 SH SOLE 171900 0 0
NATIONAL SVC INDS INC COM 637657107 1023 17400 SH SOLE 17400 0 0
NATIONSBANK CORP COM 638585109 30456 417567 SH SOLE 417567 0 0
NATIONWIDE FINL SVCS INC CL A 638612101 347 8000 SH SOLE 8000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 5964 170400 SH SOLE 170400 0 0
NBTY INC COM 628782104 966 15900 SH SOLE 15900 0 0
NCH CORP COM 628850109 1491 21100 SH SOLE 21100 0 0
NEIMAN MARCUS GROUP INC COM 640204103 1343 32700 SH SOLE 32700 0 0
NETWORK APPLIANCE INC COM 64120L104 376 10600 SH SOLE 10600 0 0
NEVADA POWER CO COM 641423108 2252 84200 SH SOLE 84200 0 0
NEW CENTURY ENERGIES INC COM 64352U103 3954 78500 SH SOLE 78500 0 0
NEW ENGLAND BUSINESS SVC INC COM 643872104 897 26200 SH SOLE 26200 0 0
NEW YORK ST ELEC & GAS CORP COM 649840105 5204 130500 SH SOLE 130500 0 0
NEWBRIDGE NETWORKS CORP COM 650901101 3005 159000 SH SOLE 159000 0 0
NEWELL CO COM 651192106 5682 117300 SH SOLE 117300 0 0
NEWS CORP LTD ADR NEW 652487703 673 25000 SH SOLE 25000 0 0
NEXTEL COMMUNICATIONS INC CL A 65332V103 13807 409100 SH SOLE 409100 0 0
NGC CORP COM 629121104 540 36900 SH SOLE 36900 0 0
NIAGARA MOHAWK PWR CORP COM 653522102 5745 441900 SH SOLE 441900 0 0
NIKE INC CL B 654106103 876 19800 SH SOLE 19800 0 0
NINE WEST GROUP INC COM 65440D102 773 31400 SH SOLE 31400 0 0
NIPSCO INDS INC COM 629140104 5398 192800 SH SOLE 192800 0 0
NL INDS INC COM NEW 629156407 1561 89500 SH SOLE 89500 0 0
NORDSON CORP COM 655663102 1531 30700 SH SOLE 30700 0 0
NORRELL CORP GA COM 656301108 241 10700 SH SOLE 10700 0 0
NORTEK INC COM 656559101 1152 36000 SH SOLE 36000 0 0
NORTH FORK BANCORPORATION NY COM 659424105 2767 72100 SH SOLE 72100 0 0
NORTHEAST UTILS COM 664397106 2822 197200 SH SOLE 197200 0 0
NORTHN STS PWR CO MINN COM 665772109 4921 83400 SH SOLE 83400 0 0
NORTHROP GRUMMAN CORP COM 666807102 11453 106600 SH SOLE 106600 0 0
NORWEST CORP COM 669380107 391 9400 SH SOLE 9400 0 0
NOVA CORP ALTA COM 669943102 6268 754700 SH SOLE 754700 0 0
NOVACARE CORP COM 669930109 2614 175700 SH SOLE 175700 0 0
NOVELL INC COM 670006105 418 39000 SH SOLE 39000 0 0
NOVELLUS SYS INC COM 670008101 4243 98100 SH SOLE 98100 0 0
NPC INTERNATIONAL INC COM 629360306 977 73700 SH SOLE 73700 0 0
NTL INC COM 629407107 895 20700 SH SOLE 20700 0 0
NUI CORP COM 629430109 1013 37000 SH SOLE 37000 0 0
NUMAC ENERGY INC COM 67052A103 308 120800 SH SOLE 120800 0 0
O'SULLIVAN INDS HLDGS INC COM 688609106 691 54200 SH SOLE 54200 0 0
OAK TECHNOLOGY INC COM 671802106 1502 238000 SH SOLE 238000 0 0
OAKLEY INC COM 673662102 1217 105800 SH SOLE 105800 0 0
OAKWOOD HOMES CORP COM 674098108 2293 62600 SH SOLE 62600 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 23291 798000 SH SOLE 798000 0 0
OFFICE DEPOT INC COM 676220106 2664 85600 SH SOLE 85600 0 0
OFFICEMAX INC COM 67622M108 1707 95500 SH SOLE 95500 0 0
OGDEN CORP COM 676346109 1124 39100 SH SOLE 39100 0 0
OHIO CAS CORP COM 677240103 2386 49700 SH SOLE 49700 0 0
OLD KENT FINL CORP COM 679833103 591 15410 SH SOLE 15410 0 0
OLD REP INTL CORP COM 680223104 4948 111200 SH SOLE 111200 0 0
<PAGE> PAGE 20
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OLIN CORP COM PAR $1 680665205 1019 21700 SH SOLE 21700 0 0
OLSTEN CORP COM 681385100 1381 87000 SH SOLE 87000 0 0
ONBANCORP INC COM 682303102 1884 27200 SH SOLE 27200 0 0
ONE VALLEY BANCORP INC COM 682419106 298 7875 SH SOLE 7875 0 0
ONEIDA LTD COM 682505102 2374 77850 SH SOLE 77850 0 0
ONEOK INC NEW COM 682680103 1968 48300 SH SOLE 48300 0 0
ORACLE CORP COM 68389X105 537 17000 SH SOLE 17000 0 0
ORANGE & ROCKLAND UTILS INC COM 684065105 1207 26900 SH SOLE 26900 0 0
ORBITAL SCIENCES CORP COM 685564106 1234 27500 SH SOLE 27500 0 0
OREGON STL MLS INC COM 686079104 1276 58000 SH SOLE 58000 0 0
ORION CAP CORP COM 686268103 2625 48000 SH SOLE 48000 0 0
ORTHODONTIC CTRS AMER INC COM 68750P103 356 16400 SH SOLE 16400 0 0
ORYX ENERGY COMPANY COM 68763F100 798 30700 SH SOLE 30700 0 0
OSHKOSH B GOSH INC CL A 688222207 2448 61300 SH SOLE 61300 0 0
OUTBACK STEAKHOUSE INC COM 689899102 2590 66200 SH SOLE 66200 0 0
OVERSEAS SHIPHOLDING GROUP INC COM 690368105 799 37400 SH SOLE 37400 0 0
OWENS CORNING COM 69073F103 2605 72500 SH SOLE 72500 0 0
OWENS ILL INC COM NEW 690768403 20306 469500 SH SOLE 469500 0 0
OXFORD HEALTH PLANS INC COM 691471106 263 17600 SH SOLE 17600 0 0
OXFORD INDS INC COM 691497309 1013 32300 SH SOLE 32300 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 1256 128000 SH SOLE 128000 0 0
P-COM INC COM 693262107 238 11900 SH SOLE 11900 0 0
PACCAR INC COM 693718108 518 8700 SH SOLE 8700 0 0
PACIFIC CENTY FINL CORP COM 694058108 1836 77100 SH SOLE 77100 0 0
PACIFIC GULF PPTYS INC COM 694396102 1165 50800 SH SOLE 50800 0 0
PACIFICORP COM 695114108 12317 500200 SH SOLE 500200 0 0
PAGING NETWORK INC COM 695542100 1333 86700 SH SOLE 86700 0 0
PAINE WEBBER GROUP INC COM 695629105 13311 331750 SH SOLE 331750 0 0
PALL CORP COM 696429307 1075 50000 SH SOLE 50000 0 0
PAN PACIFIC RETAIL PPTYS INC COM 69806L104 656 30000 SH SOLE 30000 0 0
PARAGON HEALTH NETWORK INC COM 698940103 2898 145800 SH SOLE 145800 0 0
PARK NATL CORP COM 700658107 1748 18400 SH SOLE 18400 0 0
PARKER DRILLING CO COM 701081101 1142 108800 SH SOLE 108800 0 0
PARKER HANNIFIN CORP COM 701094104 2656 51700 SH SOLE 51700 0 0
PARKWAY PPTYS INC COM 70159Q104 4515 138400 SH SOLE 138400 0 0
PATRIOT AMERN HOSPITALITY DEL PAIRED CTF 703352203 5170 191472 SH SOLE 191472 0 0
PATTERSON DENTAL CO COM 703412106 504 16250 SH SOLE 16250 0 0
PEC ISRAEL ECONOMIC CORP COM 705098101 1493 65100 SH SOLE 65100 0 0
PECO ENERGY CO COM 693304107 210 9500 SH SOLE 9500 0 0
PEDIATRIX MED GROUP COM 705324101 386 8300 SH SOLE 8300 0 0
PENN VA CORP COM 707882106 746 25600 SH SOLE 25600 0 0
PENNCORP FINL GROUP INC COM 708094107 1158 40100 SH SOLE 40100 0 0
PENNEY J C INC COM 708160106 219 2900 SH SOLE 2900 0 0
PENNZOIL CO COM 709903108 4479 69300 SH SOLE 69300 0 0
PENTAIR INC COM 709631105 958 21400 SH SOLE 21400 0 0
PEOPLES BK BRIDGEPORT CONN COM 710198102 309 8150 SH SOLE 8150 0 0
PEOPLES ENERGY CORP COM 711030106 869 23900 SH SOLE 23900 0 0
PEPSICO INC COM 713448108 1153 27000 SH SOLE 27000 0 0
PERRIGO CO COM 714290103 2049 167300 SH SOLE 167300 0 0
PERUSAHAAN PERS INDO SATELLITE SPONSORED ADR 715680104 2207 143000 SH SOLE 143000 0 0
<PAGE> PAGE 21
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PFIZER INC COM 717081103 16111 161612 SH SOLE 161612 0 0
PG&E CORP COM 69331C108 2208 66900 SH SOLE 66900 0 0
PHARMACIA & UPJOHN INC COM 716941109 14241 325515 SH SOLE 325515 0 0
PHARMERICA INC COM 717135107 457 30720 SH SOLE 30720 0 0
PHELPS DODGE CORP COM 717265102 1091 16900 SH SOLE 16900 0 0
PHILIP MORRIS COS INC COM 718154107 55368 1328184 SH SOLE 1328184 0 0
PHILIPS ELECTRS N V NEW YORK SHS 718337504 9701 132100 SH SOLE 132100 0 0
PHILLIPS PETE CO COM 718507106 12514 250600 SH SOLE 250600 0 0
PHILLIPS VAN HEUSEN CORP COM 718592108 660 53600 SH SOLE 53600 0 0
PIER 1 IMPORTS INC COM 720279108 2806 103450 SH SOLE 103450 0 0
PILGRIMS PRIDE CORP COM 721467108 711 48800 SH SOLE 48800 0 0
PINNACLE WEST CAP CORP COM 723484101 12202 274600 SH SOLE 274600 0 0
PIONEER HI BRED INTL INC COM 723686101 293 3000 SH SOLE 3000 0 0
PIONEER STD ELECTRS INC COM 723877106 861 70300 SH SOLE 70300 0 0
PIPER JAFFRAY COS INC COM 724081104 3289 88900 SH SOLE 88900 0 0
PITNEY BOWES INC COM 724479100 3217 64100 SH SOLE 64100 0 0
PITTSTON CO COM BRINKS GRP 725701106 610 16000 SH SOLE 16000 0 0
PITTSTON CO COM MINRLS GRP 725701205 175 20000 SH SOLE 20000 0 0
PITTWAY CORP DEL CL A 725790208 864 12000 SH SOLE 12000 0 0
PLATINUM TECHNOLOGY INC COM 72764T101 2691 104500 SH SOLE 104500 0 0
PMC-SIERRA INC COM 69344F106 809 21300 SH SOLE 21300 0 0
PMI GROUP INC COM 69344M101 1736 21500 SH SOLE 21500 0 0
PNC BK CORP COM 693475105 21907 365500 SH SOLE 365500 0 0
POGO PRODUCING CO COM 730448107 1359 42800 SH SOLE 42800 0 0
POLAROID CORP COM 731095105 258 5859 SH SOLE 5859 0 0
POLICY MGMT SYS CORP COM 731108106 394 4900 SH SOLE 4900 0 0
POOL ENERGY SVCS CO COM 732788104 1124 48100 SH SOLE 48100 0 0
POPULAR INC COM 733174106 1262 21500 SH SOLE 21500 0 0
POTASH CORP SASK INC COM 73755L107 2403 37600 SH SOLE 37600 0 0
POTLATCH CORP COM 737628107 840 19500 SH SOLE 19500 0 0
PRECISION CASTPARTS CORP COM 740189105 852 14400 SH SOLE 14400 0 0
PREMARK INTL INC COM 740459102 3670 110800 SH SOLE 110800 0 0
PREMIERE TECHNOLOGIES INC COM 74058F102 1073 31000 SH SOLE 31000 0 0
PREMISYS COMMUNICATIONS INC COM 740584107 832 29000 SH SOLE 29000 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 2022 77400 SH SOLE 77400 0 0
PRESIDENTIAL LIFE CORP COM 740884101 1608 84900 SH SOLE 84900 0 0
PRICE ENTERPRISES INC COM NEW 741444202 977 51100 SH SOLE 51100 0 0
PRICE REIT INC COM 74147T105 959 21400 SH SOLE 21400 0 0
PRICE T ROWE & ASSOCIATES COM 741477103 1386 19700 SH SOLE 19700 0 0
PRIMARK CORP COM 741903108 705 16500 SH SOLE 16500 0 0
PROCTER & GAMBLE CO COM 742718109 45200 535700 SH SOLE 535700 0 0
PROFFITTS INC COM 742925100 3655 100825 SH SOLE 100825 0 0
PROGRESSIVE CORP OHIO COM 743315103 11947 88700 SH SOLE 88700 0 0
PROMUS HOTEL CORP NEW COM 74342P106 1423 29800 SH SOLE 29800 0 0
PROTECTIVE LIFE CORP COM 743674103 1292 17700 SH SOLE 17700 0 0
PROTEIN DESIGN LABS INC COM 74369L103 667 17000 SH SOLE 17000 0 0
PROVIDENT COS INC COM 743862104 2833 82562 SH SOLE 82562 0 0
PROVIDENT FINL GROUP INC COM 743866105 691 13100 SH SOLE 13100 0 0
PROVIDIAN FINL CORP COM 74406A102 3532 61500 SH SOLE 61500 0 0
PSINET INC COM 74437C101 449 40400 SH SOLE 40400 0 0
<PAGE> PAGE 22
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PUBLIC STORAGE INC COM 74460D109 6391 207000 SH SOLE 207000 0 0
PUBLIC SVC CO N MEX COM 744499104 2713 111000 SH SOLE 111000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1306 34600 SH SOLE 34600 0 0
PUGET SOUND ENERGY INC COM 745332106 1581 56100 SH SOLE 56100 0 0
PULITZER PUBG CO COM 745771105 1834 22967 SH SOLE 22967 0 0
PULTE CORP COM 745867101 1488 32000 SH SOLE 32000 0 0
QUAKER ST CORP COM 747410108 423 22500 SH SOLE 22500 0 0
QUANEX CORP COM 747620102 595 19800 SH SOLE 19800 0 0
QUANTUM CORP COM 747906105 1285 60300 SH SOLE 60300 0 0
QUESTAR CORP COM 748356102 366 8800 SH SOLE 8800 0 0
QUINENCO S A SPONSORED ADR 748718103 1815 147390 SH SOLE 147390 0 0
QUINTILES TRANSNATIONAL CORP COM 748767100 419 8700 SH SOLE 8700 0 0
QUORUM HEALTH GROUP INC COM 749084109 1553 46200 SH SOLE 46200 0 0
RALCORP HLDGS INC NEW COM 751028101 612 29500 SH SOLE 29500 0 0
RANGER OIL LTD COM 752805101 333 72856 SH SOLE 72856 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 3457 79350 SH SOLE 79350 0 0
RAYONIER INC COM 754907103 2266 49600 SH SOLE 49600 0 0
RAYTHEON CO CL B 755111408 29538 506000 SH SOLE 506000 0 0
READ-RITE CORP COM 755246105 695 50300 SH SOLE 50300 0 0
RECKSON ASSOCS RLTY CORP COM 75621K106 3226 122300 SH SOLE 122300 0 0
REEBOK INTL LTD COM 758110100 5216 171000 SH SOLE 171000 0 0
REINSURANCE GROUP AMER INC COM 759351109 353 7050 SH SOLE 7050 0 0
RELIANCE GROUP HOLDINGS INC COM 759464100 3688 194100 SH SOLE 194100 0 0
RELIASTAR FINL CORP COM 75952U103 8083 175478 SH SOLE 175478 0 0
REMEDY CORP COM 759548100 438 22300 SH SOLE 22300 0 0
RENTERS CHOICE INC COM 760114108 532 21700 SH SOLE 21700 0 0
REPUBLIC N Y CORP COM 760719104 987 7400 SH SOLE 7400 0 0
REXALL SUNDOWN INC COM 761648104 1952 57300 SH SOLE 57300 0 0
REYNOLDS METALS CO COM 761763101 1493 24300 SH SOLE 24300 0 0
RFS HOTEL INVS INC COM 74955J108 836 45800 SH SOLE 45800 0 0
RICHFOOD HLDGS INC COM 763408101 979 30600 SH SOLE 30600 0 0
RIGGS NATL CORP WASH DC COM 766570105 593 21000 SH SOLE 21000 0 0
RIGHTCHOICE MANAGED CARE INC CL A 76657K101 427 43500 SH SOLE 43500 0 0
RIO ALGOM LTD COM 766889109 182 13700 SH SOLE 13700 0 0
RIO HOTEL & CASINO INC COM 767147101 607 23400 SH SOLE 23400 0 0
RITE AID CORP COM 767754104 6162 179900 SH SOLE 179900 0 0
RJR NABISCO HOLDINGS CORP COM NEW 74960K876 2574 82200 SH SOLE 82200 0 0
RLI CORP COM 749607107 1089 20175 SH SOLE 20175 0 0
ROBBINS & MYERS INC COM 770196103 705 18500 SH SOLE 18500 0 0
ROCHESTER GAS & ELEC CORP COM 771367109 2168 66700 SH SOLE 66700 0 0
ROCK-TENN CO CL A 772739207 803 50400 SH SOLE 50400 0 0
ROCKWELL INTL CORP NEW COM 773903109 981 17099 SH SOLE 17099 0 0
ROGERS CANTEL MOBILE COMMN CL B RSTRG VTG 775102205 1116 139500 SH SOLE 139500 0 0
ROLLINS TRUCK LEASING CORP COM 775741101 714 51700 SH SOLE 51700 0 0
ROSS STORES INC COM 778296103 2233 50600 SH SOLE 50600 0 0
ROSTELECOM OPEN JT STK LNG DST SPONSORED ADR 778529107 1173 59000 SH SOLE 59000 0 0
ROUGE INDS INC DEL CL A 779088103 576 37000 SH SOLE 37000 0 0
ROUSE CO COM 779273101 6596 209400 SH SOLE 209400 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 624 15000 SH SOLE 15000 0 0
ROYAL DUTCH PETE CO NY REG GLD125 780257804 24026 422900 SH SOLE 422900 0 0
<PAGE> PAGE 23
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
RPC INC COM 749660106 402 32800 SH SOLE 32800 0 0
RUBBERMAID INC COM 781088109 262 9200 SH SOLE 9200 0 0
RUBY TUESDAY INC COM 781182100 1553 49300 SH SOLE 49300 0 0
RUDDICK CORP COM 781258108 900 48500 SH SOLE 48500 0 0
RUSS BERRIE & CO COM 782233100 567 18700 SH SOLE 18700 0 0
RUSSELL CORP COM 782352108 1145 42700 SH SOLE 42700 0 0
RYANS FAMILY STEAK HOUSE INC COM 783519101 604 66600 SH SOLE 66600 0 0
RYLAND GROUP INC COM 783764103 790 28600 SH SOLE 28600 0 0
SABRE GROUP HLDGS INC CL A 785905100 897 25000 SH SOLE 25000 0 0
SAFECO CORP COM 786429100 13150 240600 SH SOLE 240600 0 0
SAFESKIN CORP COM 786454108 2460 33300 SH SOLE 33300 0 0
SAFEWAY INC COM NEW 786514208 2473 66826 SH SOLE 66826 0 0
SAKS HLDGS INC COM 79377R109 688 27500 SH SOLE 27500 0 0
SAMSONITE CORP NEW COM 79604V105 397 13500 SH SOLE 13500 0 0
SANMINA CORP COM 800907107 853 12200 SH SOLE 12200 0 0
SANTA FE ENERGY RES INC COM 802012104 1002 91100 SH SOLE 91100 0 0
SARA LEE CORP COM 803111103 42811 693300 SH SOLE 693300 0 0
SBARRO INC COM 805844107 1053 35700 SH SOLE 35700 0 0
SBC COMMUNICATIONS INC COM 78387G103 38995 899103 SH SOLE 899103 0 0
SCHERING PLOUGH CORP COM 806605101 14903 182300 SH SOLE 182300 0 0
SCHLUMBERGER LTD COM 806857108 45798 604600 SH SOLE 604600 0 0
SCHWAB CHARLES CORP NEW COM 808513105 13764 362200 SH SOLE 362200 0 0
SCI SYS INC COM 783890106 2041 57300 SH SOLE 57300 0 0
SCOTTS CO CL A 810186106 443 12800 SH SOLE 12800 0 0
SEABOARD CORP COM 811543107 949 2600 SH SOLE 2600 0 0
SEAGRAM LTD COM 811850106 17583 521600 SH SOLE 521600 0 0
SEAGULL ENERGY CORP COM 812007102 576 30000 SH SOLE 30000 0 0
SEARS ROEBUCK & CO COM 812387108 3452 60100 SH SOLE 60100 0 0
SECURITY CAP ATLANTIC INC COM 814137105 590 28100 SH SOLE 28100 0 0
SECURITY CAP GROUP INC WT EXP 091898 81413P113 144 43387 SH SOLE 43387 0 0
SEI INVESTMENTS CO COM 784117103 2703 39600 SH SOLE 39600 0 0
SELECTIVE INS GROUP INC COM 816300107 1373 51100 SH SOLE 51100 0 0
SEMI-TECH CORP CL A SUB VTG 81662E108 856 3393200 SH SOLE 3393200 0 0
SENSORMATIC ELECTRS CORP COM 817265101 478 29200 SH SOLE 29200 0 0
SEQUA CORPORATION CL A 817320104 1405 19000 SH SOLE 19000 0 0
SEQUENT COMPUTER SYS INC COM 817338106 861 47200 SH SOLE 47200 0 0
SERVICE MERCHANDISE INC COM 817587108 574 287000 SH SOLE 287000 0 0
SERVICEMASTER CO COM 81760N109 318 11150 SH SOLE 11150 0 0
SHAW INDS INC COM 820286102 1163 79200 SH SOLE 79200 0 0
SHOPKO STORES INC COM 824911101 2685 83900 SH SOLE 83900 0 0
SHOREWOOD PACKAGING CORP COM 825229107 1392 51900 SH SOLE 51900 0 0
SIERRA HEALTH SVCS INC COM 826322109 893 22400 SH SOLE 22400 0 0
SIERRA PAC RES COM 826425100 1052 28000 SH SOLE 28000 0 0
SIGMA ALDRICH CORP COM 826552101 212 5700 SH SOLE 5700 0 0
SILICON GRAPHICS INC COM 827056102 688 49400 SH SOLE 49400 0 0
SILICON VY GROUP INC COM 827066101 1973 101200 SH SOLE 101200 0 0
SILICONIX INC COM NEW 827079203 461 12300 SH SOLE 12300 0 0
SIMON DEBARTOLO GROUP INC COM 828781104 10556 308200 SH SOLE 308200 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 1859 234251 SH SOLE 234251 0 0
SKYWEST INC COM 830879102 763 20900 SH SOLE 20900 0 0
<PAGE> PAGE 24
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SL GREEN RLTY CORP COM 78440X101 2556 100000 SH SOLE 100000 0 0
SLM HLDG CORP COM 78442A109 399 9150 SH SOLE 9150 0 0
SMITH A O COM 831865209 1888 42200 SH SOLE 42200 0 0
SMITH CHARLES E RESDNTL RLTY COM 832197107 1629 49000 SH SOLE 49000 0 0
SMITH INTL INC COM 832110100 2726 49500 SH SOLE 49500 0 0
SMITHFIELD FOODS INC COM 832248108 3043 88200 SH SOLE 88200 0 0
SOCIEDAD QUIMICA MINERA DE CHI SPON ADR SER B 833635105 1417 32200 SH SOLE 32200 0 0
SOFAMOR/DANEK GROUP INC COM 834005100 4672 54800 SH SOLE 54800 0 0
SONIC CORP COM 835451105 439 13100 SH SOLE 13100 0 0
SONOCO PRODS CO COM 835495102 8834 220500 SH SOLE 220500 0 0
SOUTHDOWN INC COM 841297104 2516 36100 SH SOLE 36100 0 0
SOUTHERN CO COM 842587107 4463 161200 SH SOLE 161200 0 0
SOUTHERN NEW ENGLAND TELECOM COM 843485103 7306 100600 SH SOLE 100600 0 0
SOUTHLAND CORP COM NEW 844436402 633 304700 SH SOLE 304700 0 0
SOUTHWEST AIRLS CO COM 844741108 381 12900 SH SOLE 12900 0 0
SOUTHWEST GAS CORP COM 844895102 637 30500 SH SOLE 30500 0 0
SOVEREIGN BANCORP INC COM 845905108 1508 82896 SH SOLE 82896 0 0
SPACELABS MED INC COM 846247104 872 39400 SH SOLE 39400 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 376 14000 SH SOLE 14000 0 0
SPELLING ENTMT GROUP INC COM 847807104 554 61600 SH SOLE 61600 0 0
SPIEGEL INC CL A 848457107 481 83600 SH SOLE 83600 0 0
SPIEKER PPTYS INC COM 848497103 8576 207900 SH SOLE 207900 0 0
SPRINGS INDS INC CL A 851783100 1885 34200 SH SOLE 34200 0 0
SPRINT CORP COM 852061100 42047 621200 SH SOLE 621200 0 0
SPS TRANSACTION SVCS INC COM 784627101 511 18400 SH SOLE 18400 0 0
SPX CORP COM 784635104 282 3700 SH SOLE 3700 0 0
ST JOHN KNITS INC COM 790289102 529 11200 SH SOLE 11200 0 0
ST PAUL BANCORP INC COM 792848103 641 25250 SH SOLE 25250 0 0
ST PAUL COS INC COM 792860108 21951 246300 SH SOLE 246300 0 0
STANDARD PAC CORP NEW COM 85375C101 3166 208500 SH SOLE 208500 0 0
STANDEX INTL CORP COM 854231107 986 32200 SH SOLE 32200 0 0
STANHOME INC COM VTG 854425105 873 32400 SH SOLE 32400 0 0
STARRETT L S CO CL A 855668109 801 20600 SH SOLE 20600 0 0
STARWOOD HOTELS & RESORTS COMBND CTF NEW 855905204 29193 546301 SH SOLE 546301 0 0
STATE STR CORP COM 857477103 238 3500 SH SOLE 3500 0 0
STATION CASINOS INC COM 857689103 1721 116700 SH SOLE 116700 0 0
STEIN MART INC COM 858375108 438 12300 SH SOLE 12300 0 0
STEPAN CO COM 858586100 1008 33200 SH SOLE 33200 0 0
STERIS CORP COM 859152100 454 8400 SH SOLE 8400 0 0
STERLING SOFTWARE INC COM 859547101 3921 69400 SH SOLE 69400 0 0
STEWART & STEVENSON SVCS INC COM 860342104 568 23600 SH SOLE 23600 0 0
STONE & WEBSTER INC COM 861572105 421 9000 SH SOLE 9000 0 0
STONE CONTAINER CORP COM 861589109 1530 122400 SH SOLE 122400 0 0
STORAGE TECHNOLOGY CORP COM PAR $010 862111200 5140 67300 SH SOLE 67300 0 0
STORAGE USA INC COM 861907103 211 5500 SH SOLE 5500 0 0
STRATUS COMPUTER INC COM 863155107 2353 53400 SH SOLE 53400 0 0
STUDENT LN CORP COM 863902102 813 17000 SH SOLE 17000 0 0
SUMITOMO BANK CALIF COM 865593107 341 9100 SH SOLE 9100 0 0
SUMMIT BANCORP COM 866005101 6807 135800 SH SOLE 135800 0 0
SUMMIT PPTYS INC COM 866239106 2516 125000 SH SOLE 125000 0 0
<PAGE> PAGE 25
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SUN COMMUNITIES INC COM 866674104 323 9300 SH SOLE 9300 0 0
SUN HEALTHCARE GROUP INC COM 866933104 1560 84300 SH SOLE 84300 0 0
SUN INC COM 866762107 5969 145800 SH SOLE 145800 0 0
SUNBEAM CORP COM 867071102 8454 191600 SH SOLE 191600 0 0
SUNCOR ENERGY INC COM 867229106 1904 74700 SH SOLE 74700 0 0
SUNDSTRAND CORP COM 867323107 484 8000 SH SOLE 8000 0 0
SUNRISE MED INC COM 867910101 746 46800 SH SOLE 46800 0 0
SUNSHINE MNG & REFINING CO COM 867833105 494 395500 SH SOLE 395500 0 0
SUNSTONE HOTEL INVS INC COM 867933103 2946 184100 SH SOLE 184100 0 0
SUPER SOL LTD SPONSORED ADR 868511205 2279 141900 SH SOLE 141900 0 0
SUPERIOR INDS INTL INC COM 868168105 757 22800 SH SOLE 22800 0 0
SUPERVALU INC COM 868536103 8570 183800 SH SOLE 183800 0 0
SWIFT TRANSN CO COM 870756103 306 12750 SH SOLE 12750 0 0
SYBASE INC COM 871130100 1277 132200 SH SOLE 132200 0 0
SYBRON INTL CORP COM 87114F106 1466 56100 SH SOLE 56100 0 0
SYMANTEC CORP COM 871503108 1756 65200 SH SOLE 65200 0 0
SYNOPSYS INC COM 871607107 1788 54600 SH SOLE 54600 0 0
SYSCO CORP COM 871829107 638 24900 SH SOLE 24900 0 0
SYSTEMS & COMPUTER TECHNOLOGY COM 871873105 1279 31000 SH SOLE 31000 0 0
TADIRAN LTD SPONSORED ADR 873593107 3235 77600 SH SOLE 77600 0 0
TAIWAN FD INC COM 874036106 406 22700 SH SOLE 22700 0 0
TANDY CORP COM 875382103 17028 362300 SH SOLE 362300 0 0
TECH DATA CORP COM 878237106 1836 47700 SH SOLE 47700 0 0
TECH SYM CORP COM 878308105 456 16200 SH SOLE 16200 0 0
TECO ENERGY INC COM 872375100 3944 139600 SH SOLE 139600 0 0
TECUMSEH PRODS CO CL B 878895101 2509 44500 SH SOLE 44500 0 0
TEKELEC COM 879101103 2727 60100 SH SOLE 60100 0 0
TEKTRONIX INC COM 879131100 1166 26050 SH SOLE 26050 0 0
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287100 4567 35200 SH SOLE 35200 0 0
TELEFLEX INC COM 879369106 874 20800 SH SOLE 20800 0 0
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 11949 211950 SH SOLE 211950 0 0
TELLABS INC COM 879664100 403 6000 SH SOLE 6000 0 0
TELXON CORP COM 879700102 885 33400 SH SOLE 33400 0 0
TEMPLE INLAND INC COM 879868107 1404 22600 SH SOLE 22600 0 0
TENET HEALTHCARE CORP COM 88033G100 2440 67200 SH SOLE 67200 0 0
TENNANT CO COM 880345103 855 20800 SH SOLE 20800 0 0
TENNECO INC NEW COM 88037E101 2668 62500 SH SOLE 62500 0 0
TERADYNE INC COM 880770102 8493 212000 SH SOLE 212000 0 0
TEREX CORP NEW COM 880779103 855 31600 SH SOLE 31600 0 0
TERRA INDS INC COM 880915103 1514 138400 SH SOLE 138400 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 8554 200100 SH SOLE 200100 0 0
TEXACO INC COM 881694103 25576 424500 SH SOLE 424500 0 0
TEXAS INDS INC COM 882491103 1463 25300 SH SOLE 25300 0 0
TEXAS INSTRS INC COM 882508104 15317 283000 SH SOLE 283000 0 0
TEXAS UTILS CO COM 882848104 12485 317600 SH SOLE 317600 0 0
TEXTRON INC COM 883203101 5598 72700 SH SOLE 72700 0 0
THIOKOL CORP DEL COM 884103102 7996 165500 SH SOLE 165500 0 0
THOMAS & BETTS CORP COM 884315102 1056 16501 SH SOLE 16501 0 0
TIG HLDGS INC COM 872469101 5276 200500 SH SOLE 200500 0 0
TIMBERLAND CO CL A 887100105 1866 26100 SH SOLE 26100 0 0
<PAGE> PAGE 26
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TIMKEN CO COM 887389104 3307 97800 SH SOLE 97800 0 0
TJ INTL INC COM 872534102 1178 36800 SH SOLE 36800 0 0
TJX COS INC NEW COM 872540109 273 6000 SH SOLE 6000 0 0
TNP ENTERPRISES INC COM 872594106 1362 41200 SH SOLE 41200 0 0
TOLL BRSOLE S INC COM 889478103 1004 35700 SH SOLE 35700 0 0
TOOTSIE ROLL INDS INC COM 890516107 3613 50403 SH SOLE 50403 0 0
TORCHMARK CORP COM 891027104 26021 568000 SH SOLE 568000 0 0
TORO CO COM 891092108 548 14300 SH SOLE 14300 0 0
TOSCO CORP COM NEW 891490302 1255 35600 SH SOLE 35600 0 0
TOTAL RENAL CARE HLDGS INC COM 89151A107 2489 74725 SH SOLE 74725 0 0
TOYS R US INC COM 892335100 4531 150400 SH SOLE 150400 0 0
TRANS WORLD AIRLS INC COM PAR$01NEW 893349837 627 50900 SH SOLE 50900 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 730 26300 SH SOLE 26300 0 0
TRANSACTION SYS ARCHITECTS CL A 893416107 660 16900 SH SOLE 16900 0 0
TRANSAMERICA CORP COM 893485102 13340 114509 SH SOLE 114509 0 0
TRANSATLANTIC HLDGS INC COM 893521104 6700 88600 SH SOLE 88600 0 0
TRANSCANADA PIPELINES LTD COM 893526103 6926 406378 SH SOLE 406378 0 0
TRANSOCEAN OFFSHORE INC COM 893817106 206 4000 SH SOLE 4000 0 0
TRAVELERS GROUP INC COM 894190107 26038 433963 SH SOLE 433963 0 0
TREDEGAR INDS INC COM 894650100 1481 20450 SH SOLE 20450 0 0
TRENWICK GROUP INC COM 895290104 534 14250 SH SOLE 14250 0 0
TRIARC COS INC CL A 895927101 1003 38200 SH SOLE 38200 0 0
TRIMBLE NAVIGATION LTD COM 896239100 725 40700 SH SOLE 40700 0 0
TRINET CORP RLTY TR INC COM 896287109 1701 44400 SH SOLE 44400 0 0
TRINITY INDS INC COM 896522109 7013 127500 SH SOLE 127500 0 0
TRIZEC HAHN CORP SUB VTG 896938107 9295 431202 SH SOLE 431202 0 0
TRUST CO NJ JERSEY CITY NEW COM 898304100 1056 37700 SH SOLE 37700 0 0
TRUSTMARK CORP COM 898402102 1242 54300 SH SOLE 54300 0 0
TUBOSCOPE INC COM 898600101 720 37900 SH SOLE 37900 0 0
TV AZTECA S A DE C V SPONSORED ADR 901145102 196 10000 SH SOLE 10000 0 0
TVX GOLD INC COM 87308K101 141 61600 SH SOLE 61600 0 0
TYCO INTL LTD NEW COM 902124106 1322 24200 SH SOLE 24200 0 0
TYSON FOODS INC CL A 902494103 366 19000 SH SOLE 19000 0 0
U S G CORP COM NEW 903293405 4113 75900 SH SOLE 75900 0 0
U S INDS INC NEW COM 912080108 2056 68400 SH SOLE 68400 0 0
U S OFFICE PRODS CO COM 912325107 612 32200 SH SOLE 32200 0 0
U S WEST INC COM-COMMUNCTNS 912889102 41313 756300 SH SOLE 756300 0 0
U S WEST INC COM-MEDIA GRP 912889201 3555 102300 SH SOLE 102300 0 0
UAL CORP COM PAR $001 902549500 10279 110600 SH SOLE 110600 0 0
UGI CORP NEW COM 902681105 333 11800 SH SOLE 11800 0 0
UICI COM 902737105 1061 30700 SH SOLE 30700 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 1680 47667 SH SOLE 47667 0 0
ULTRATECH STEPPER INC COM 904034105 770 37800 SH SOLE 37800 0 0
UMB FINL CORP COM 902788108 1196 19610 SH SOLE 19610 0 0
UNICOM CORP COM 904911104 3675 105000 SH SOLE 105000 0 0
UNIFI INC COM 904677101 1646 44200 SH SOLE 44200 0 0
UNILEVER N V NEW YORK SHS 904784501 44586 649700 SH SOLE 649700 0 0
UNION CARBIDE CORP COM 905581104 10436 208200 SH SOLE 208200 0 0
UNION PAC RES GROUP INC COM 907834105 14872 622900 SH SOLE 622900 0 0
UNION PLANTERS CORP COM 908068109 796 12800 SH SOLE 12800 0 0
<PAGE> PAGE 27
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNION TEX PETE HLDGS INC COM 908640105 3737 168900 SH SOLE 168900 0 0
UNIONBANCAL CORP COM 908906100 269 2700 SH SOLE 2700 0 0
UNISOURCE ENERGY CORP COM 909205106 694 39940 SH SOLE 39940 0 0
UNISYS CORP COM 909214108 16074 846000 SH SOLE 846000 0 0
UNITED ASSET MGMT CORP COM 909420101 924 33900 SH SOLE 33900 0 0
UNITED COS FINL CORP COM 909870107 978 54900 SH SOLE 54900 0 0
UNITED DOMINION INDS LTD COM 909914103 2602 114084 SH SOLE 114084 0 0
UNITED DOMINION REALTY TR INC COM 910197102 3327 229438 SH SOLE 229438 0 0
UNITED HEALTHCARE CORP COM 910581107 447 6900 SH SOLE 6900 0 0
UNITED ILLUM CO COM 910637107 2114 43700 SH SOLE 43700 0 0
UNITED STATES SURGICAL CORP COM 912707106 4528 137200 SH SOLE 137200 0 0
UNITED STATIONERS INC COM 913004107 1638 26500 SH SOLE 26500 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2852 30900 SH SOLE 30900 0 0
UNITED VIDEO SATELLITE GROUP CL A 913155107 2172 51100 SH SOLE 51100 0 0
UNITED WIS SVCS INC COM 913236105 388 11700 SH SOLE 11700 0 0
UNITED WTR RES INC COM 913190104 431 23848 SH SOLE 23848 0 0
UNITRODE CORP COM 913283107 486 26100 SH SOLE 26100 0 0
UNIVERSAL CORP VA COM 913456109 2075 47100 SH SOLE 47100 0 0
UNIVERSAL FOODS CORP COM 913538104 3250 66325 SH SOLE 66325 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 1190 20600 SH SOLE 20600 0 0
UNOCAL CORP COM 915289102 10817 279600 SH SOLE 279600 0 0
URBAN SHOPPING CTRS INC COM 917060105 2290 69400 SH SOLE 69400 0 0
US AIRWAYS GROUP INC COM 911905107 30562 412300 SH SOLE 412300 0 0
US BANCORP DEL COM 902973106 6624 53100 SH SOLE 53100 0 0
USF&G CORP COM 903290104 556 22300 SH SOLE 22300 0 0
USFREIGHTWAYS CORP COM 916906100 1490 41400 SH SOLE 41400 0 0
USX MARATHON GROUP COM NEW 902905827 29419 781900 SH SOLE 781900 0 0
USX-U S STL COM 90337T101 5783 153200 SH SOLE 153200 0 0
UTILICORP UTD INC COM 918005109 2599 65900 SH SOLE 65900 0 0
V F CORP COM 918204108 18286 347900 SH SOLE 347900 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 2485 60800 SH SOLE 60800 0 0
VALERO ENERGY CORP NEW COM 91913Y100 3678 110200 SH SOLE 110200 0 0
VALHI INC NEW COM 918905100 1251 127500 SH SOLE 127500 0 0
VALSPAR CORP COM 920355104 377 9600 SH SOLE 9600 0 0
VALUE CITY DEPT STORES INC COM 920387107 1641 96900 SH SOLE 96900 0 0
VALUE LINE INC COM 920437100 1831 42700 SH SOLE 42700 0 0
VANTIVE CORP COM 922091103 622 17000 SH SOLE 17000 0 0
VARCO INTL INC COM 922126107 2215 86000 SH SOLE 86000 0 0
VARIAN ASSOC INC COM 922204102 1135 20500 SH SOLE 20500 0 0
VENCOR INC COM 922602107 304 10148 SH SOLE 10148 0 0
VESTA INS GROUP INC COM 925391104 611 11400 SH SOLE 11400 0 0
VIACOM INC CL B 925524308 559 10400 SH SOLE 10400 0 0
VIAD CORP COM 92552R109 1145 47200 SH SOLE 47200 0 0
VIASOFT INC COM 92552U102 788 28800 SH SOLE 28800 0 0
VIKING OFFICE PRODS COM 926913104 1946 83700 SH SOLE 83700 0 0
VINA CONCHA Y TORO S A SPONSORED ADR 927191106 321 9800 SH SOLE 9800 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 1405 59800 SH SOLE 59800 0 0
VISIO CORP COM 927914101 1604 37300 SH SOLE 37300 0 0
VITRO SOCIEDAD ANONIMA SPONSORED ADR 928502301 19673 1639400 SH SOLE 1639400 0 0
VIVUS INC COM 928551100 1054 89700 SH SOLE 89700 0 0
<PAGE> PAGE 28
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
VLSI TECHNOLOGY INC COM 918270109 1436 76600 SH SOLE 76600 0 0
VOLT INFORMATION SCIENCES INC COM 928703107 1798 32250 SH SOLE 32250 0 0
VORNADO RLTY TR SH BEN INT 929042109 14385 330216 SH SOLE 330216 0 0
VULCAN MATLS CO COM 929160109 4752 43400 SH SOLE 43400 0 0
VWR SCIENTIFIC PRODS CORP COM 918435108 832 22800 SH SOLE 22800 0 0
WABASH NATL CORP COM 929566107 2105 72600 SH SOLE 72600 0 0
WAL MART STORES INC COM 931142103 99612 1960400 SH SOLE 1960400 0 0
WALDEN RESIDENTIAL PPTYS INC COM 931210108 2252 89200 SH SOLE 89200 0 0
WARNER LAMBERT CO COM 934488107 26688 156700 SH SOLE 156700 0 0
WASHINGTON FED INC COM 938824109 847 30524 SH SOLE 30524 0 0
WASHINGTON GAS LT CO COM 938837101 783 28600 SH SOLE 28600 0 0
WASHINGTON MUT INC COM 939322103 11788 164360 SH SOLE 164360 0 0
WASHINGTON POST CO CL B 939640108 4254 8000 SH SOLE 8000 0 0
WASHINGTON WTR PWR CO COM 940688104 596 24400 SH SOLE 24400 0 0
WASTE MGMT INC NEW COM 94106K101 9130 296300 SH SOLE 296300 0 0
WASTE MGMT INTL PLC SPONSORED ADR 940906100 1014 137500 SH SOLE 137500 0 0
WATKINS JOHNSON CO COM 942486101 766 28300 SH SOLE 28300 0 0
WATSON PHARMACEUTICALS INC COM 942683103 13147 365200 SH SOLE 365200 0 0
WATTS INDS INC CL A 942749102 600 20100 SH SOLE 20100 0 0
WAUSAU-MOSINEE PAPER CORP COM 943315101 547 23700 SH SOLE 23700 0 0
WEATHERFORD ENTERRA INC COM 947071106 1184 27900 SH SOLE 27900 0 0
WEBB DEL CORP COM 947423109 936 30700 SH SOLE 30700 0 0
WEEKS CORP COM 94856P102 1700 52000 SH SOLE 52000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 922 20600 SH SOLE 20600 0 0
WEIS MKTS INC COM 948849104 1021 28600 SH SOLE 28600 0 0
WELLMAN INC COM 949702104 1563 72300 SH SOLE 72300 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 12791 189500 SH SOLE 189500 0 0
WELLS FARGO & CO DEL COM 949740104 497 1500 SH SOLE 1500 0 0
WENDYS INTL INC COM 950590109 1943 87100 SH SOLE 87100 0 0
WESCO FINL CORP COM 950817106 2739 7500 SH SOLE 7500 0 0
WEST INC COM 953348109 322 10700 SH SOLE 10700 0 0
WESTCOAST ENERGY INC COM 95751D102 5975 325700 SH SOLE 325700 0 0
WESTERN DIGITAL CORP COM 958102105 2264 128900 SH SOLE 128900 0 0
WESTERN GAS RES INC COM 958259103 1248 65700 SH SOLE 65700 0 0
WESTERN RES INC COM 959425109 6575 153800 SH SOLE 153800 0 0
WESTFIELD AMER INC COM 959910100 3280 186100 SH SOLE 186100 0 0
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 864 29300 SH SOLE 29300 0 0
WESTPOINT STEVENS INC COM 961238102 1841 64300 SH SOLE 64300 0 0
WESTVACO CORP COM 961548104 5876 191100 SH SOLE 191100 0 0
WEYERHAEUSER CO COM 962166104 1300 23000 SH SOLE 23000 0 0
WHIRLPOOL CORP COM 963320106 7624 111000 SH SOLE 111000 0 0
WHITMAN CORP COM 96647K102 4155 210400 SH SOLE 210400 0 0
WHOLE FOODS MKT INC COM 966837106 2148 30800 SH SOLE 30800 0 0
WILEY JOHN & SONS INC CL A 968223206 391 7100 SH SOLE 7100 0 0
WILLAMETTE INDS INC COM 969133107 4297 114400 SH SOLE 114400 0 0
WILLIAMS COS INC DEL COM 969457100 3130 97799 SH SOLE 97799 0 0
WILLIAMS SONOMA INC COM 969904101 770 13300 SH SOLE 13300 0 0
WILMINGTON TRUST CORP COM 971807102 2755 41500 SH SOLE 41500 0 0
WINN DIXIE STORES INC COM 974280109 5495 118500 SH SOLE 118500 0 0
WISCONSIN ENERGY CORP COM 976657106 14675 478200 SH SOLE 478200 0 0
<PAGE> PAGE 29
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WORLDCOM INC GA COM 98155K102 3643 84600 SH SOLE 84600 0 0
WPL HLDGS INC COM 929305100 846 25100 SH SOLE 25100 0 0
WRIGLEY WM JR CO COM 982526105 14429 176500 SH SOLE 176500 0 0
WYMAN GORDON CO COM 983085101 348 15200 SH SOLE 15200 0 0
XEROX CORP COM 984121103 34518 324300 SH SOLE 324300 0 0
XTRA CORP COM 984138107 1135 17600 SH SOLE 17600 0 0
XYLAN CORP COM 984151100 619 25400 SH SOLE 25400 0 0
YELLOW CORP COM 985509108 1538 80400 SH SOLE 80400 0 0
YORK INTL CORP NEW COM 986670107 1422 31600 SH SOLE 31600 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 12782 375953 SH SOLE 375953 0 0
ZALE CORP NEW COM 988858106 820 28400 SH SOLE 28400 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 932 24200 SH SOLE 24200 0 0
ZURN INDS INC COM 989824107 1573 33200 SH SOLE 33200 0 0
REPORT SUMMARY 1363 DATA RECORDS 6448466 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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