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Previous: GMO TRUST, 13F-E, 1998-08-04 |
Next: MDC HOLDINGS INC, 10-Q, 1998-08-04 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/98
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 MEMBER (617) 346-7675
Signature, Place and Date of Signing:
/s/ FORREST BERKLEY BOSTON MA 06/30/98
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 832 29000 SH SOLE 29000 0 0
360 COMMUNICATIONS CO COM 885571109 1176 35500 SH SOLE 35500 0 0
AAR CORP COM 000361105 574 19400 SH SOLE 19400 0 0
ABBOTT LABS COM 002824100 103669 2528508 SH SOLE 2528508 0 0
ABERCROMBIE & FITCH CO CL A 002896207 488 11101 SH SOLE 11101 0 0
ABITIBI-CONSOLIDATED INC COM 003924107 8628 968873 SH SOLE 968873 0 0
ACCLAIM ENTMT INC COM PAR $0.02 004325205 674 112300 SH SOLE 112300 0 0
ACCUSTAFF INC COM 004401105 959 30700 SH SOLE 30700 0 0
ACX TECHNOLOGIES INC COM 005123104 1490 68500 SH SOLE 68500 0 0
ADELPHIA COMMUNICATIONS CORP CL A 006848105 1504 40500 SH SOLE 40500 0 0
ADOBE SYS INC COM 00724F101 798 18800 SH SOLE 18800 0 0
ADTRAN INC COM 00738A106 1084 41500 SH SOLE 41500 0 0
ADVANCED MICRO DEVICES INC COM 007903107 1078 63200 SH SOLE 63200 0 0
ADVANTA CORP CL A 007942105 983 44800 SH SOLE 44800 0 0
ADVO INC COM 007585102 795 28200 SH SOLE 28200 0 0
AEGON N V SPONSORED ADR 007924103 2234 25830 SH SOLE 25830 0 0
AEROQUIP-VICKERS INC COM 007869100 2201 37700 SH SOLE 37700 0 0
AES CORP COM 00130H105 22271 423700 SH SOLE 423700 0 0
AETNA INC COM 008117103 822 10800 SH SOLE 10800 0 0
AFFILIATED COMPUTER SERVICES CL A 008190100 1428 37100 SH SOLE 37100 0 0
AFLAC INC COM 001055102 849 28000 SH SOLE 28000 0 0
AGCO CORP COM 001084102 1419 69000 SH SOLE 69000 0 0
AGRIUM INC COM 008916108 2938 342261 SH SOLE 342261 0 0
AHMANSON H F & CO COM 008677106 30742 432988 SH SOLE 432988 0 0
AIR EXPRESS INTL CORP COM 009104100 1144 42750 SH SOLE 42750 0 0
AIRBORNE FGHT CORP COM 009266107 5328 152500 SH SOLE 152500 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 3606 61700 SH SOLE 61700 0 0
AIRTRAN HLDGS INC COM 00949P108 1621 215300 SH SOLE 215300 0 0
AJL PEPS TR PEPS EXCH AJL 009710104 2170 310000 SH SOLE 310000 0 0
ALASKA AIR GROUP INC COM 011659109 2095 38400 SH SOLE 38400 0 0
ALBEMARLE CORP COM 012653101 1198 54300 SH SOLE 54300 0 0
ALBERTA ENERGY LTD COM 012873105 267 16700 SH SOLE 16700 0 0
ALBERTO CULVER CO CL B CONV 013068101 766 26400 SH SOLE 26400 0 0
ALBERTSONS INC COM 013104104 27004 521185 SH SOLE 521185 0 0
ALCAN ALUMINIUM LTD NEW COM 013716105 1298 47000 SH SOLE 47000 0 0
ALEXANDRIA REAL ESTATE EQ INC COM 015271109 928 31000 SH SOLE 31000 0 0
ALIANT COMMUNICATIONS INC COM 016090102 425 15500 SH SOLE 15500 0 0
ALLEGHANY CORP DEL COM 017175100 1787 7663 SH SOLE 7663 0 0
ALLERGAN INC COM 018490102 4178 90100 SH SOLE 90100 0 0
ALLIANCE FST PRODS INC COM 01859J108 2550 250000 SH SOLE 250000 0 0
ALLIED GROUP INC COM 019220102 1470 31400 SH SOLE 31400 0 0
ALLSTATE CORP COM 020002101 3780 41283 SH SOLE 41283 0 0
ALLTEL CORP COM 020039103 5217 112200 SH SOLE 112200 0 0
ALPHARMA INC CL A 020813101 838 38100 SH SOLE 38100 0 0
ALTERNATIVE RESOURCES CORP COM 02145R102 620 50100 SH SOLE 50100 0 0
ALUMINUM CO AMER COM 022249106 330 5000 SH SOLE 5000 0 0
AMB PROPERTY CORP COM 00163T109 490 20000 SH SOLE 20000 0 0
AMBAC FINL GROUP INC COM 023139108 8529 145800 SH SOLE 145800 0 0
AMC ENTMT INC COM 001669100 347 19200 SH SOLE 19200 0 0
AMCAST INDL CORP COM 023395106 2071 111200 SH SOLE 111200 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
AMERADA HESS CORP COM 023551104 1113 20500 SH SOLE 20500 0 0
AMERCO COM 023586100 344 11700 SH SOLE 11700 0 0
AMERICA ONLINE INC DEL COM 02364J104 39674 377400 SH SOLE 377400 0 0
AMERICA WEST HLDG CORP CL B 023657208 3153 110400 SH SOLE 110400 0 0
AMERICAN BANKERS INS GROUP INC COM 024456105 3277 54500 SH SOLE 54500 0 0
AMERICAN BUSINESS PRODS GA COM 024763104 383 18700 SH SOLE 18700 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553D108 2038 52850 SH SOLE 52850 0 0
AMERICAN ELEC PWR INC COM 025537101 14561 320900 SH SOLE 320900 0 0
AMERICAN EXPRESS CO COM 025816109 2730 24000 SH SOLE 24000 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 806 18600 SH SOLE 18600 0 0
AMERICAN GEN HOSPITALITY CORP COM 025930108 1645 77400 SH SOLE 77400 0 0
AMERICAN GENERAL CORP COM 026351106 1345 18891 SH SOLE 18891 0 0
AMERICAN GREETINGS CORP CL A 026375105 8028 157600 SH SOLE 157600 0 0
AMERICAN HERITAGE LIFE INVT COM 026522102 1013 43798 SH SOLE 43798 0 0
AMERICAN HOME PRODS CORP COM 026609107 1413 27300 SH SOLE 27300 0 0
AMERICAN NATL INS CO COM 028591105 2116 20100 SH SOLE 20100 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 1776 59200 SH SOLE 59200 0 0
AMERICAN STORES CO NEW COM 030096101 6621 273728 SH SOLE 273728 0 0
AMERICAN WTR WKS INC COM 030411102 1349 43500 SH SOLE 43500 0 0
AMERICREDIT CORP COM 03060R101 1153 32300 SH SOLE 32300 0 0
AMERISOURCE HEALTH CORP CL A 03071P102 1301 19800 SH SOLE 19800 0 0
AMERITECH CORP NEW COM 030954101 43753 975000 SH SOLE 975000 0 0
AMERON INTL INC COM 030710107 971 16800 SH SOLE 16800 0 0
AMES DEPT STORES INC COM NEW 030789507 639 24300 SH SOLE 24300 0 0
AMGEN INC COM 031162100 21620 330700 SH SOLE 330700 0 0
AMOCO CORP COM 031905102 789 18900 SH SOLE 18900 0 0
AMPHENOL CORP NEW CL A 032095101 702 18000 SH SOLE 18000 0 0
AMR CORP COM 001765106 20837 250300 SH SOLE 250300 0 0
AMRESCO INC COM 031909104 652 22400 SH SOLE 22400 0 0
AMSOUTH BANCORPORATION COM 032165102 7945 202100 SH SOLE 202100 0 0
ANCHOR GAMING COM 033037102 2740 35300 SH SOLE 35300 0 0
ANDREW CORP COM 034425108 851 47100 SH SOLE 47100 0 0
ANHEUSER BUSCH COS INC COM 035229103 42948 910166 SH SOLE 910166 0 0
ANNTAYLOR STORES CORP COM 036115103 680 32100 SH SOLE 32100 0 0
ANTEC CORP COM 03664P105 828 35700 SH SOLE 35700 0 0
AO TATNEFT SPONS ADR RG S 03737P306 81 10390 SH SOLE 10390 0 0
AON CORP COM 037389103 464 6600 SH SOLE 6600 0 0
APACHE CORP COM 037411105 1121 35600 SH SOLE 35600 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 6830 172900 SH SOLE 172900 0 0
APOLLO GROUP INC CL A 037604105 965 29200 SH SOLE 29200 0 0
APPLE COMPUTER INC COM 037833100 2803 97700 SH SOLE 97700 0 0
APPLE SOUTH INC COM 037857109 713 54600 SH SOLE 54600 0 0
APPLIED MATLS INC COM 038222105 15713 532655 SH SOLE 532655 0 0
APPLIED PWR INC CL A 038225108 2743 79800 SH SOLE 79800 0 0
APRIA HEALTHCARE GROUP INC COM 037933108 544 81300 SH SOLE 81300 0 0
ARCH COAL INC COM 039380100 1493 60000 SH SOLE 60000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 11629 600197 SH SOLE 600197 0 0
ARCTIC CAT INC COM 039670104 868 87925 SH SOLE 87925 0 0
ARGONAUT GROUP INC COM 040157109 689 21800 SH SOLE 21800 0 0
ARMCO INC COM 042170100 1075 168600 SH SOLE 168600 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
ARROW ELECTRS INC COM 042735100 1359 62500 SH SOLE 62500 0 0
ARROW INTL INC COM 042764100 626 22800 SH SOLE 22800 0 0
ARVIN INDS INC COM 043339100 897 24700 SH SOLE 24700 0 0
ASA HLDGS INC COM 04338Q107 3265 65800 SH SOLE 65800 0 0
ASARCO INC COM 043413103 1297 58300 SH SOLE 58300 0 0
ASM INTL N V COM N07045102 21628 2703511 SH SOLE 2703511 0 0
ASPEN TECHNOLOGY INC COM 045327103 763 15100 SH SOLE 15100 0 0
ASSOCIATES FIRST CAP CORP CL A 046008108 441 5734 SH SOLE 5734 0 0
AT&T CORP COM 001957109 50778 888890 SH SOLE 888890 0 0
ATLANTIC RICHFIELD CO COM 048825103 58132 744085 SH SOLE 744085 0 0
ATLAS AIR INC COM 049164106 463 13700 SH SOLE 13700 0 0
AURA SYS INC COM 051526101 605 312100 SH SOLE 312100 0 0
AUTODESK INC COM 052769106 1742 45100 SH SOLE 45100 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 12964 177900 SH SOLE 177900 0 0
AUTOZONE INC COM 053332102 11403 357043 SH SOLE 357043 0 0
AVALON BAY CMNTYS INC COM 053373106 3746 98583 SH SOLE 98583 0 0
AVANT CORP COM 053487104 559 22600 SH SOLE 22600 0 0
AVENOR INC COM 05356K104 2518 158000 SH SOLE 158000 0 0
AVID TECHNOLOGY INC COM 05367P100 1477 44100 SH SOLE 44100 0 0
AVNET INC COM 053807103 6152 112500 SH SOLE 112500 0 0
AZTAR CORP COM 054802103 912 133900 SH SOLE 133900 0 0
BAKER HUGHES INC COM 057224107 432 12500 SH SOLE 12500 0 0
BALDWIN & LYONS INC CL B 057755209 753 32400 SH SOLE 32400 0 0
BALL CORP COM 058498106 1877 46700 SH SOLE 46700 0 0
BALLARD MED PRODS COM 058566100 666 37000 SH SOLE 37000 0 0
BALTIMORE GAS & ELEC CO COM 059165100 9973 321059 SH SOLE 321059 0 0
BANC ONE CORP COM 059438101 39423 706354 SH SOLE 706354 0 0
BANCO GANADERO S A SPONSRD ADR B 059594408 1066 32800 SH SOLE 32800 0 0
BANCO SANTIAGO SP ADR REP COM 05965L105 3127 186700 SH SOLE 186700 0 0
BANCOLOMBIA S A SPNS ADR 4PREF 05968L102 178 16300 SH SOLE 16300 0 0
BANCTEC INC COM 059784108 636 27500 SH SOLE 27500 0 0
BANDAG INC COM 059815100 1775 45500 SH SOLE 45500 0 0
BANK MONTREAL QUE COM 063671101 454 12000 SH SOLE 12000 0 0
BANK NEW YORK INC COM 064057102 304 5000 SH SOLE 5000 0 0
BANKAMERICA CORP COM 066050105 3287 38000 SH SOLE 38000 0 0
BANKBOSTON CORP COM 06605R106 32018 575600 SH SOLE 575600 0 0
BANKERS TR CORP COM 066365107 22949 197733 SH SOLE 197733 0 0
BANTA CORP COM 066821109 1524 49350 SH SOLE 49350 0 0
BARD C R INC COM 067383109 1515 39800 SH SOLE 39800 0 0
BARNES & NOBLE INC COM 067774109 2355 62600 SH SOLE 62600 0 0
BARNES GROUP INC COM 067806109 939 34700 SH SOLE 34700 0 0
BASSETT FURNITURE INDS INC COM 070203104 510 18100 SH SOLE 18100 0 0
BAUSCH & LOMB INC COM 071707103 1178 23500 SH SOLE 23500 0 0
BAY NETWORKS INC COM 072510100 25464 794200 SH SOLE 794200 0 0
BB&T CORP COM 054937107 3997 59100 SH SOLE 59100 0 0
BCE INC COM 05534B109 15539 535310 SH SOLE 535310 0 0
BCE MOBILE COMMUNICATION INC COM 05534G108 438 24700 SH SOLE 24700 0 0
BEAR STEARNS COS INC COM 073902108 13931 244948 SH SOLE 244948 0 0
BEC ENERGY COM 05538M101 2922 70400 SH SOLE 70400 0 0
BECKMAN COULTER INC COM 075811109 1858 31900 SH SOLE 31900 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 1832 23600 SH SOLE 23600 0 0
BED BATH & BEYOND INC COM 075896100 2585 49900 SH SOLE 49900 0 0
BEDFORD PPTY INVS INC COM PAR $0.02 076446301 1057 58700 SH SOLE 58700 0 0
BELL ATLANTIC CORP COM 077853109 53478 1172120 SH SOLE 1172120 0 0
BELLSOUTH CORP COM 079860102 18956 282400 SH SOLE 282400 0 0
BELO A H CORP DEL COM SER A 080555105 726 29800 SH SOLE 29800 0 0
BENEFICIAL CORP COM 081721102 11012 71887 SH SOLE 71887 0 0
BERGEN BRUNSWIG CORP CL A 083739102 3196 69300 SH SOLE 69300 0 0
BERKLEY W R CORP COM 084423102 1490 37200 SH SOLE 37200 0 0
BERLITZ INTL INC NEW COM 08520F100 680 25200 SH SOLE 25200 0 0
BEST BUY INC COM 086516101 16123 446300 SH SOLE 446300 0 0
BESTFOODS COM 08658U101 47303 814700 SH SOLE 814700 0 0
BETHLEHEM STL CORP COM 087509105 3397 273100 SH SOLE 273100 0 0
BEVERLY ENTERPRISES INC COM NEW 087851309 956 68300 SH SOLE 68300 0 0
BHC COMMUNICATIONS INC CL A 055448104 3873 27600 SH SOLE 27600 0 0
BINDLEY WESTN INDS INC COM 090324104 967 29299 SH SOLE 29299 0 0
BIOCHEM PHARMA INC COM 09058T108 1661 92200 SH SOLE 92200 0 0
BIOMATRIX INC COM 09060P102 1402 34200 SH SOLE 34200 0 0
BIOMET INC COM 090613100 2800 84700 SH SOLE 84700 0 0
BIRMINGHAM STL CORP COM 091250100 431 34800 SH SOLE 34800 0 0
BJ SVCS CO COM 055482103 2464 84800 SH SOLE 84800 0 0
BLACK & DECKER CORP COM 091797100 6814 111710 SH SOLE 111710 0 0
BLOCK DRUG INC CL A 093644102 506 13319 SH SOLE 13319 0 0
BLOCK H & R INC COM 093671105 3370 80000 SH SOLE 80000 0 0
BLUE SQUARE - ISRAEL LTD SPONSORED ADR 096055108 675 43700 SH SOLE 43700 0 0
BLYTH INDS INC COM 09643P108 1586 47700 SH SOLE 47700 0 0
BMC SOFTWARE INC COM 055921100 867 16700 SH SOLE 16700 0 0
BOB EVANS FARMS INC COM 096761101 716 33800 SH SOLE 33800 0 0
BOEING CO COM 097023105 4191 94056 SH SOLE 94056 0 0
BOISE CASCADE CORP COM 097383103 1294 39500 SH SOLE 39500 0 0
BOK FINL CORP COM NEW 05561Q201 2035 43072 SH SOLE 43072 0 0
BORDERS GROUP INC COM 099709107 2734 73900 SH SOLE 73900 0 0
BORG-WARNER AUTOMOTIVE INC COM 099724106 1725 35900 SH SOLE 35900 0 0
BOSTON PROPERTIES INC COM 101121101 7987 234900 SH SOLE 234900 0 0
BOWATER INC COM 102183100 950 20100 SH SOLE 20100 0 0
BOWNE & CO INC COM 103043105 1067 23700 SH SOLE 23700 0 0
BOYKIN LODGING CO COM 103430104 948 44600 SH SOLE 44600 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3558 159000 SH SOLE 159000 0 0
BRE PROPERTIES INC CL A 05564E106 2783 106800 SH SOLE 106800 0 0
BREED TECHNOLOGIES INC COM 106702103 588 38400 SH SOLE 38400 0 0
BRINKER INTL INC COM 109641100 2014 104600 SH SOLE 104600 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 35730 310870 SH SOLE 310870 0 0
BRODERBUND SOFTWARE INC COM 112014105 1946 85300 SH SOLE 85300 0 0
BROWN GROUP INC COM 115657108 403 20300 SH SOLE 20300 0 0
BROWNING FERRIS INDS COM 115885105 2867 82500 SH SOLE 82500 0 0
BUCKLE INC COM 118440106 1134 38450 SH SOLE 38450 0 0
BUFFETS INC COM 119882108 1122 71500 SH SOLE 71500 0 0
BURLINGTON COAT FACTORY COM 121579106 2707 120320 SH SOLE 120320 0 0
BURLINGTON INDS INC COM 121693105 1807 128500 SH SOLE 128500 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 41974 427491 SH SOLE 427491 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 RES INC COM 122014103 250 5800 SH SOLE 5800 0 0
C-CUBE MICROSYSTEMS INC COM 125015107 746 40200 SH SOLE 40200 0 0
CABLE DESIGN TECHNOLOGIES CORP COM 126924109 464 22500 SH SOLE 22500 0 0
CABLETRON SYS INC COM 126920107 852 63400 SH SOLE 63400 0 0
CABLEVISION SYS CORP CL A 12686C109 4651 55700 SH SOLE 55700 0 0
CABOT CORP COM 127055101 641 19800 SH SOLE 19800 0 0
CABOT OIL & GAS CORP CL A 127097103 380 19000 SH SOLE 19000 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 513 16400 SH SOLE 16400 0 0
CALENERGY INC COM 129466108 1647 54800 SH SOLE 54800 0 0
CALIFORNIA MICROWAVE INC COM 130442106 431 24600 SH SOLE 24600 0 0
CALLAWAY GOLF CO COM 131193104 3201 162600 SH SOLE 162600 0 0
CALPINE CORP COM 131347106 505 25000 SH SOLE 25000 0 0
CAMBRIDGE TECH PARTNERS MASS COM 132524109 858 15700 SH SOLE 15700 0 0
CAMCO INTL INC COM 132632100 646 8300 SH SOLE 8300 0 0
CAMECO CORP COM 13321L108 319 16700 SH SOLE 16700 0 0
CANADIAN MARCONI CO COM 136357100 440 50000 SH SOLE 50000 0 0
CANADIAN NATL RY CO COM 136375102 3729 102934 SH SOLE 102934 0 0
CANADIAN PAC LTD NEW COM 135923100 2128 75000 SH SOLE 75000 0 0
CANANDAIGUA BRANDS INC CL B 137219101 1458 29900 SH SOLE 29900 0 0
CAPITAL RE CORP COM 140432105 1504 21000 SH SOLE 21000 0 0
CARDINAL HEALTH INC COM 14149Y108 263 2800 SH SOLE 2800 0 0
CARMIKE CINEMAS INC CL A 143436103 283 10500 SH SOLE 10500 0 0
CAROLINA PWR & LT CO COM 144141108 13412 309200 SH SOLE 309200 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 1121 22300 SH SOLE 22300 0 0
CARRAMERICA RLTY CORP COM 144418100 233 8200 SH SOLE 8200 0 0
CASEYS GEN STORES INC COM 147528103 464 28000 SH SOLE 28000 0 0
CASH AMER INTL INC COM 14754D100 698 45800 SH SOLE 45800 0 0
CATALINA MARKETING CORP COM 148867104 1813 34900 SH SOLE 34900 0 0
CATELLUS DEV CORP COM 149111106 7434 420300 SH SOLE 420300 0 0
CATERPILLAR INC DEL COM 149123101 608 11500 SH SOLE 11500 0 0
CATO CORP NEW CL A 149205106 1111 63800 SH SOLE 63800 0 0
CBS CORP COM 12490K107 13970 440000 SH SOLE 440000 0 0
CCB FINL CORP COM 124875105 978 9200 SH SOLE 9200 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 441 20000 SH SOLE 20000 0 0
CDW COMPUTER CTRS INC COM 125129106 820 16400 SH SOLE 16400 0 0
CELLSTAR CORP COM 150925105 732 56600 SH SOLE 56600 0 0
CELLULAR COMMUNICATIONS INTL COM 150918100 1800 36100 SH SOLE 36100 0 0
CENDANT CORP COM 151313103 1950 95098 SH SOLE 95098 0 0
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 997 25900 SH SOLE 25900 0 0
CENTEX CORP COM 152312104 5240 138800 SH SOLE 138800 0 0
CENTRAL HUDSON GAS & ELEC CORP COM 153609102 833 18200 SH SOLE 18200 0 0
CENTRAL MAINE PWR CO COM 154051106 1835 94100 SH SOLE 94100 0 0
CENTRAL NEWSPAPERS INC CL A 154647101 258 3700 SH SOLE 3700 0 0
CENTRAL PKG CORP COM 154785109 1621 34850 SH SOLE 34850 0 0
CENTURY COMMUNICATIONS CORP CL A 156503104 1238 66000 SH SOLE 66000 0 0
CENTURY TEL ENTERPRISES INC COM 156686107 12524 273000 SH SOLE 273000 0 0
CERNER CORP COM 156782104 900 31800 SH SOLE 31800 0 0
CHAMPION ENTERPRISES INC COM 158496109 2350 80000 SH SOLE 80000 0 0
CHAMPION INTL CORP COM 158525105 649 13200 SH SOLE 13200 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 59509 788200 SH SOLE 788200 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
CHATEAU CMNTYS INC COM 161726104 1532 53300 SH SOLE 53300 0 0
CHECKFREE HLDGS CORP COM 162816102 1919 65200 SH SOLE 65200 0 0
CHEMED CORP COM 163596109 276 8100 SH SOLE 8100 0 0
CHESAPEAKE CORP COM 165159104 853 21900 SH SOLE 21900 0 0
CHEVRON CORPORATION COM 166751107 8023 95800 SH SOLE 95800 0 0
CHILE FD INC COM 168834109 298 22000 SH SOLE 22000 0 0
CHIQUITA BRANDS INTL INC COM 170032106 570 40500 SH SOLE 40500 0 0
CHRIS CRAFT INDS INC COM 170520100 1662 30396 SH SOLE 30396 0 0
CHRYSLER CORP COM 171196108 1201 21300 SH SOLE 21300 0 0
CHUBB CORP COM 171232101 233 2900 SH SOLE 2900 0 0
CIGNA CORP COM 125509109 311 4500 SH SOLE 4500 0 0
CILCORP INC COM 171794100 346 7200 SH SOLE 7200 0 0
CINCINNATI FINL CORP COM 172062101 4636 120800 SH SOLE 120800 0 0
CINCINNATI MILACRON INC COM 172172108 2514 103400 SH SOLE 103400 0 0
CINERGY CORP COM 172474108 16047 458499 SH SOLE 458499 0 0
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 1174 69300 SH SOLE 69300 0 0
CIRRUS LOGIC CORP COM 172755100 770 69200 SH SOLE 69200 0 0
CISCO SYS INC COM 17275R102 4994 54250 SH SOLE 54250 0 0
CITICORP COM 173034109 11761 78799 SH SOLE 78799 0 0
CITIZENS BKG CORP MICH COM 174420109 931 27700 SH SOLE 27700 0 0
CITIZENS CORP COM 174533109 1353 43200 SH SOLE 43200 0 0
CITIZENS UTILS CO DEL CL B 177342201 1682 174726 SH SOLE 174726 0 0
CITRIX SYS INC COM 177376100 3966 58000 SH SOLE 58000 0 0
CKE RESTAURANTS INC COM 12561E105 2077 50350 SH SOLE 50350 0 0
CLAIRE'S STORES INC COM 179584107 1068 52100 SH SOLE 52100 0 0
CLAYTON HOMES INC COM 184190106 2897 152450 SH SOLE 152450 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 2554 23400 SH SOLE 23400 0 0
CLECO CORP COM 12561M107 482 16200 SH SOLE 16200 0 0
CLEVELAND CLIFFS INC COM 185896107 751 14000 SH SOLE 14000 0 0
CMAC INVT CORP COM 125662106 640 10400 SH SOLE 10400 0 0
CMG INFORMATION SVCS INC COM 125750109 1295 18300 SH SOLE 18300 0 0
CMS ENERGY CORP COM 125896100 7718 175400 SH SOLE 175400 0 0
CNA FINL CORP COM 126117100 3257 69952 SH SOLE 69952 0 0
CNA SURETY CORP COM 12612L108 530 35900 SH SOLE 35900 0 0
CNF TRANSN INC COM 12612W104 3642 85700 SH SOLE 85700 0 0
COASTAL CORP COM 190441105 24993 358000 SH SOLE 358000 0 0
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COGNEX CORP COM 192422103 599 32400 SH SOLE 32400 0 0
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COLUMBIA/HCA HEALTHCARE CORP COM 197677107 5047 173300 SH SOLE 173300 0 0
COMAIR HOLDINGS INC COM 199789108 4650 150600 SH SOLE 150600 0 0
COMCAST CORP CL A SPL 200300200 2899 71416 SH SOLE 71416 0 0
COMDISCO INC COM 200336105 4216 221900 SH SOLE 221900 0 0
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COMMERCE BANCSHARES INC COM 200525103 988 20234 SH SOLE 20234 0 0
<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
COMMERCE GROUP INC MASS COM 200641108 2461 63500 SH SOLE 63500 0 0
COMMERCIAL METALS CO COM 201723103 747 24300 SH SOLE 24300 0 0
COMMNET CELLULAR INC COM 202604203 565 38500 SH SOLE 38500 0 0
COMMONWEALTH ENERGY SYS COM SH BEN INT 202800108 2091 55400 SH SOLE 55400 0 0
COMMONWEALTH TEL ENTERPRISES COM 203349105 419 15900 SH SOLE 15900 0 0
COMPANIA ANONIMA NACIONL TEL SPN ADR 7D SHS 204421101 5040 201600 SH SOLE 201600 0 0
COMPANIA DE TELECOMUNICS CHILE RT 204449110 5 15918 SH SOLE 15918 0 0
COMPANIA DE TELECOMUNICS CHILE SPNSRD ADR NEW 204449300 5092 250675 SH SOLE 250675 0 0
COMPAQ COMPUTER CORP COM 204493100 45355 1598404 SH SOLE 1598404 0 0
COMPASS BANCSHARES INC COM 20449H109 1670 37000 SH SOLE 37000 0 0
COMPUCOM SYS INC COM 204780100 673 103500 SH SOLE 103500 0 0
COMPUSA INC COM 204932107 515 28400 SH SOLE 28400 0 0
COMPUTER ASSOC INTL INC COM 204912109 2839 51100 SH SOLE 51100 0 0
COMPUTER HORIZONS CORP COM 205908106 797 21500 SH SOLE 21500 0 0
COMPUTER SCIENCES CORP COM 205363104 12192 190500 SH SOLE 190500 0 0
COMSAT CORP COM SER 1 20564D107 1260 44500 SH SOLE 44500 0 0
CONCENTRA MANAGED CARE INC COM 20589T103 515 19800 SH SOLE 19800 0 0
CONCORD EFS INC COM 206197105 963 36850 SH SOLE 36850 0 0
CONE MLS CORP N C COM 206814105 762 88300 SH SOLE 88300 0 0
CONECTIV INC COM 206829103 2313 112850 SH SOLE 112850 0 0
CONSECO INC COM 208464107 16310 347948 SH SOLE 347948 0 0
CONSOLIDATED EDISON INC COM 209115104 24901 540600 SH SOLE 540600 0 0
COOPER CAMERON CORP COM 216640102 546 10700 SH SOLE 10700 0 0
COOPER COS INC COM NEW 216648402 656 18000 SH SOLE 18000 0 0
COOPER TIRE & RUBR CO COM 216831107 2092 100800 SH SOLE 100800 0 0
COORS ADOLPH CO CL B 217016104 554 16300 SH SOLE 16300 0 0
COR THERAPEUTICS INC COM 217753102 588 42400 SH SOLE 42400 0 0
CORDANT TECHNOLOGIES INC COM 218412104 5244 113700 SH SOLE 113700 0 0
CORN PRODS INTL INC COM 219023108 252 7425 SH SOLE 7425 0 0
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CORUS BANKSHARES INC COM 220873103 511 12700 SH SOLE 12700 0 0
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COTT CORP QUE COM 22163N106 293 59500 SH SOLE 59500 0 0
COUNTRYWIDE CR INDS INC DEL COM 222372104 18843 371300 SH SOLE 371300 0 0
COVENTRY HEALTH CARE INC COM 222862104 980 65900 SH SOLE 65900 0 0
CPI CORP COM 125902106 624 26200 SH SOLE 26200 0 0
CRANE CO COM 224399105 2627 54100 SH SOLE 54100 0 0
CRAWFORD & CO CL B 224633107 1146 61100 SH SOLE 61100 0 0
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CROMPTON & KNOWLES CORP COM 227111101 1332 52900 SH SOLE 52900 0 0
CSG SYS INTL INC COM 126349109 1097 23400 SH SOLE 23400 0 0
CSS INDS INC COM 125906107 298 9100 SH SOLE 9100 0 0
CSX CORP COM 126408103 7635 167800 SH SOLE 167800 0 0
CTS CORP COM 126501105 2286 77500 SH SOLE 77500 0 0
CUMMINS ENGINE INC COM 231021106 1989 38800 SH SOLE 38800 0 0
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CVS CORP COM 126650100 1028 26400 SH SOLE 26400 0 0
<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
CYPRESS SEMICONDUCTOR CORP COM 232806109 500 60100 SH SOLE 60100 0 0
CYPRUS AMAX MINERALS CO COM 232809103 1211 91400 SH SOLE 91400 0 0
CYTEC INDS INC COM 232820100 1124 25400 SH SOLE 25400 0 0
D R HORTON INC COM 23331A109 2597 124400 SH SOLE 124400 0 0
DAIN RAUSCHER CORP COM 233856103 909 16600 SH SOLE 16600 0 0
DALLAS SEMICONDUCTOR CORP COM 235204104 1822 58700 SH SOLE 58700 0 0
DAMES & MOORE GROUP INC COM 235713104 1872 145400 SH SOLE 145400 0 0
DANA CORP COM 235811106 2557 47800 SH SOLE 47800 0 0
DARDEN RESTAURANTS INC COM 237194105 5161 325100 SH SOLE 325100 0 0
DATA GEN CORP COM 237688106 786 52600 SH SOLE 52600 0 0
DAYTON HUDSON CORP COM 239753106 27280 562480 SH SOLE 562480 0 0
DE BEERS CONS MINES LTD ADR DEFD 240253302 10584 604800 SH SOLE 604800 0 0
DEAN FOODS CO COM 242361103 4733 86150 SH SOLE 86150 0 0
DELL COMPUTER CORP COM 247025109 15500 167000 SH SOLE 167000 0 0
DELPHI FINL GROUP INC CL A 247131105 1699 30173 SH SOLE 30173 0 0
DENTSPLY INTL INC NEW COM 249030107 858 34300 SH SOLE 34300 0 0
DEPARTMENT 56 INC COM 249509100 2144 60400 SH SOLE 60400 0 0
DETROIT DIESEL CORP COM 250837101 1128 52300 SH SOLE 52300 0 0
DIGI INTL INC COM 253798102 488 24100 SH SOLE 24100 0 0
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DIME BANCORP INC NEW COM 25429Q102 13289 443900 SH SOLE 443900 0 0
DIONEX CORP COM 254546104 596 22600 SH SOLE 22600 0 0
DISNEY WALT CO COM 254687106 5106 48600 SH SOLE 48600 0 0
DOCUMENTUM INC COM 256159104 643 13400 SH SOLE 13400 0 0
DOLE FOOD INC COM 256605106 3498 70400 SH SOLE 70400 0 0
DOLLAR GEN CORP COM 256669102 4830 122078 SH SOLE 122078 0 0
DOLLAR TREE STORES INC COM 256747106 2239 55125 SH SOLE 55125 0 0
DOMINION RES INC VA COM 257470104 11642 285684 SH SOLE 285684 0 0
DOMTAR INC COM 257561100 2397 522218 SH SOLE 522218 0 0
DONALDSON INC COM 257651109 2096 88700 SH SOLE 88700 0 0
DONALDSON LUFKIN & JENRETTE NW COM 257661108 7261 142900 SH SOLE 142900 0 0
DOW CHEM CO COM 260543103 1441 14900 SH SOLE 14900 0 0
DOWNEY FINL CORP COM 261018105 1478 45216 SH SOLE 45216 0 0
DPL INC COM 233293109 6224 343400 SH SOLE 343400 0 0
DQE INC COM 23329J104 6795 188750 SH SOLE 188750 0 0
DRESS BARN INC COM 261570105 1734 69700 SH SOLE 69700 0 0
DRIEFONTEIN CONSOLIDATED SPONSORED ADR 262026503 179 35000 SH SOLE 35000 0 0
DSC COMMUNICATIONS CORP COM 233311109 954 31800 SH SOLE 31800 0 0
DSP COMMUNICATIONS INC COM 23332K106 536 39000 SH SOLE 39000 0 0
DTE ENERGY CO COM 233331107 485 12000 SH SOLE 12000 0 0
DUKE ENERGY CORP COM 264399106 48973 826547 SH SOLE 826547 0 0
DUN & BRADSTREET CORP COM 264830100 389 10800 SH SOLE 10800 0 0
E M C CORP MASS COM 268648102 22831 509476 SH SOLE 509476 0 0
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EARTHGRAINS CO COM 270319106 259 4632 SH SOLE 4632 0 0
EASTERN ENTERPRISES COM 27637F100 995 23200 SH SOLE 23200 0 0
EASTERN UTILS ASSOC COM 277173100 1473 56100 SH SOLE 56100 0 0
EASTGROUP PPTY INC COM 277276101 2346 116950 SH SOLE 116950 0 0
EASTMAN CHEM CO COM 277432100 9892 158900 SH SOLE 158900 0 0
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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
EATON VANCE CORP COM NON VTG 278265103 1987 42900 SH SOLE 42900 0 0
ECHLIN INC COM 278749106 868 17700 SH SOLE 17700 0 0
ECHO BAY MINES LTD COM 278751102 129 84600 SH SOLE 84600 0 0
ECI TELECOM LTD ORD 268258100 2458 64900 SH SOLE 64900 0 0
EDISON INTL COM 281020107 24714 836000 SH SOLE 836000 0 0
EDWARDS AG INC COM 281760108 12652 296400 SH SOLE 296400 0 0
EEX CORP COM 26842V108 609 65000 SH SOLE 65000 0 0
EG & G INC COM 268457108 1989 66300 SH SOLE 66300 0 0
EGGHEAD.COM INC COM 282330109 577 68400 SH SOLE 68400 0 0
EL PASO ELEC CO COM NEW 283677854 746 81200 SH SOLE 81200 0 0
EL PASO NAT GAS CO COM NEW 283695872 601 15700 SH SOLE 15700 0 0
ELBIT MEDICAL IMAGING LTD ORD M37605108 812 97700 SH SOLE 97700 0 0
ELCOR CORP COM 284443108 438 17350 SH SOLE 17350 0 0
ELECTRO RENT CORP COM 285218103 1678 74800 SH SOLE 74800 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 675 21400 SH SOLE 21400 0 0
ELECTROGLAS INC COM 285324109 1075 82300 SH SOLE 82300 0 0
ELECTRONIC DATA SYS NEW COM 285661104 13507 338200 SH SOLE 338200 0 0
ELECTRONICS FOR IMAGING INC COM 286082102 796 37700 SH SOLE 37700 0 0
EMBOTELLADORA ANDINA S A SPONS ADR A 29081P204 810 46300 SH SOLE 46300 0 0
EMERSON ELEC CO COM 291011104 260 4300 SH SOLE 4300 0 0
EMPRESA NACIONAL DE ELCTRCIDAD SPONSORED ADR 29244T101 9921 696200 SH SOLE 696200 0 0
EMPRESAS ICA SOCIEDAD CONTRLAD SPONSORED ADR 292448107 3137 332400 SH SOLE 332400 0 0
EMPRESAS TELEX CHILE S A SPONSORED ADR 29245D105 81 56500 SH SOLE 56500 0 0
ENERGEN CORP COM 29265N108 551 27400 SH SOLE 27400 0 0
ENERGY EAST CORP COM 29266M109 4308 103500 SH SOLE 103500 0 0
ENERSIS S A SPONSORED ADR 29274F104 4641 189900 SH SOLE 189900 0 0
ENESCO GROUP INC COM 292973104 793 25800 SH SOLE 25800 0 0
ENGELHARD CORP COM 292845104 502 24800 SH SOLE 24800 0 0
ENHANCE FINL SVCS GROUP INC COM 293310108 2545 75400 SH SOLE 75400 0 0
ENRON CORP COM 293561106 207 3831 SH SOLE 3831 0 0
ENRON OIL & GAS CO COM 293562104 6431 317600 SH SOLE 317600 0 0
ENTERGY CORP NEW COM 29364G103 4154 144500 SH SOLE 144500 0 0
ENVOY CORP NEW COM 293982104 739 15600 SH SOLE 15600 0 0
EQUITABLE RES INC COM 294549100 1342 44000 SH SOLE 44000 0 0
EQUITY OFFICE PROPERTIES TRUST COM 294741103 10130 357000 SH SOLE 357000 0 0
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 7074 149325 SH SOLE 149325 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 916 43900 SH SOLE 43900 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 1756 35200 SH SOLE 35200 0 0
EVEREST REINS HLDGS INC COM 299808105 3786 98500 SH SOLE 98500 0 0
EVI WEATHERFORD INC COM 26926D107 727 19660 SH SOLE 19660 0 0
EXABYTE CORP COM 300615101 395 47300 SH SOLE 47300 0 0
EXCEL RLTY TR INC COM 30067R107 1596 55400 SH SOLE 55400 0 0
EXIDE CORP COM 302051107 420 25000 SH SOLE 25000 0 0
EXPRESS SCRIPTS INC CL A 302182100 3136 38900 SH SOLE 38900 0 0
EXXON CORP COM 302290101 75985 1064583 SH SOLE 1064583 0 0
F M C CORP COM NEW 302491303 4098 60100 SH SOLE 60100 0 0
FAIRFIELD CMNTYS INC COM PAR $0.01 304231301 875 45600 SH SOLE 45600 0 0
FAMILY DLR STORES INC COM 307000109 3043 164500 SH SOLE 164500 0 0
FARMER BROS CO COM 307675108 1123 4700 SH SOLE 4700 0 0
FASTENAL CO COM 311900104 2224 47900 SH SOLE 47900 0 0
<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
FEDERAL HOME LN MTG CORP COM 313400301 1226 26052 SH SOLE 26052 0 0
FEDERAL MOGUL CORP COM 313549107 4334 64200 SH SOLE 64200 0 0
FEDERAL NATL MTG ASSN COM 313586109 2275 37450 SH SOLE 37450 0 0
FEDERAL SIGNAL CORP COM 313855108 1408 57900 SH SOLE 57900 0 0
FEDERATED DEPT STORES INC DEL COM 31410H101 3616 67200 SH SOLE 67200 0 0
FELCOR SUITE HOTELS INC COM 314305103 4258 135700 SH SOLE 135700 0 0
FERRO CORP COM 315405100 540 21350 SH SOLE 21350 0 0
FIDELITY NATL FINL INC COM 316326107 2556 64200 SH SOLE 64200 0 0
FILENET CORP COM 316869106 1493 51700 SH SOLE 51700 0 0
FINA INC CL A 31734L101 1807 27800 SH SOLE 27800 0 0
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 3026 51500 SH SOLE 51500 0 0
FINGERHUT COS INC COM 317867109 3023 91600 SH SOLE 91600 0 0
FINISH LINE INC CL A 317923100 622 22100 SH SOLE 22100 0 0
FIRST AMERN FINL CORP COM 318522307 4208 46750 SH SOLE 46750 0 0
FIRST BRANDS CORP COM 319356101 1317 51400 SH SOLE 51400 0 0
FIRST CHICAGO NBD CORP COM 31945A100 3917 44193 SH SOLE 44193 0 0
FIRST COML CORP COM 319825105 750 10800 SH SOLE 10800 0 0
FIRST CTZNS BANCSHARES INC N C CL A 31946M103 1361 13600 SH SOLE 13600 0 0
FIRST HAWAIIAN INC COM 320506108 1142 31400 SH SOLE 31400 0 0
FIRST HEALTH GROUP CORP COM 320960107 2371 83200 SH SOLE 83200 0 0
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 5370 168800 SH SOLE 168800 0 0
FIRST UN CORP COM 337358105 3605 61883 SH SOLE 61883 0 0
FIRST UN REAL EST EQ&MTG INVTS SH BEN INT 337400105 2794 302000 SH SOLE 302000 0 0
FIRST VA BANKS INC COM 337477103 638 12450 SH SOLE 12450 0 0
FIRSTBANK P R SAN JUAN COM 33761K105 1747 67200 SH SOLE 67200 0 0
FIRSTENERGY CORP COM 337932107 15623 508074 SH SOLE 508074 0 0
FIRSTFED FINL CORP COM 337907109 1264 24300 SH SOLE 24300 0 0
FISERV INC COM 337738108 344 8100 SH SOLE 8100 0 0
FLEETWOOD ENTERPRISES INC COM 339099103 3435 85600 SH SOLE 85600 0 0
FLEMING COS INC COM 339130106 1408 80200 SH SOLE 80200 0 0
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FLORIDA PROGRESS CORP COM 341109106 9043 219900 SH SOLE 219900 0 0
FLORIDA ROCK INDS INC COM 341140101 1445 49500 SH SOLE 49500 0 0
FLOWSERVE CORP COM 34354P105 793 32200 SH SOLE 32200 0 0
FLUOR CORP COM 343861100 219 4300 SH SOLE 4300 0 0
FOOD LION INC CL B 344775101 166 16500 SH SOLE 16500 0 0
FOODMAKER INC NEW COM NEW 344839204 378 22400 SH SOLE 22400 0 0
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FORE SYSTEMS INC COM 345449102 2608 98400 SH SOLE 98400 0 0
FOREST LABS INC CL A 345838106 1101 30800 SH SOLE 30800 0 0
FORMULA SYS 1985 LTD GDR RCPT S 346414105 1918 55000 SH SOLE 55000 0 0
FORT JAMES CORP COM 347471104 6569 147200 SH SOLE 147200 0 0
FORTUNE BRANDS INC COM 349631101 7022 182700 SH SOLE 182700 0 0
FOSSIL INC COM 349882100 918 36900 SH SOLE 36900 0 0
FOSTER WHEELER CORP COM 350244109 705 32900 SH SOLE 32900 0 0
FOUNDATION HEALTH SYS INC COM 350404109 7507 284640 SH SOLE 284640 0 0
FPL GROUP INC COM 302571104 22138 351400 SH SOLE 351400 0 0
FRANKLIN COVEY CO COM 353469109 762 39600 SH SOLE 39600 0 0
FRANKLIN ELEC INC COM 353514102 469 6900 SH SOLE 6900 0 0
FRANKLIN RES INC COM 354613101 16529 306100 SH SOLE 306100 0 0
<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
FREMONT GEN CORP COM 357288109 3536 64815 SH SOLE 64815 0 0
FRITZ COS INC COM 358846103 718 53700 SH SOLE 53700 0 0
FRUIT OF THE LOOM INC CL A 359416104 2321 69925 SH SOLE 69925 0 0
FULLER H B CO COM 359694106 349 6300 SH SOLE 6300 0 0
FULTON FINL CORP PA COM 360271100 450 17750 SH SOLE 17750 0 0
FUND AMERN ENTERPRISES HLDGS COM 360768105 651 4400 SH SOLE 4400 0 0
FURNITURE BRANDS INTL INC COM 360921100 2778 99000 SH SOLE 99000 0 0
GALLAGHER ARTHUR J & CO COM 363576109 609 13600 SH SOLE 13600 0 0
GALLAHER GROUP PLC SPONSORED ADR 363595109 709 32400 SH SOLE 32400 0 0
GANNETT INC COM 364730101 8373 117832 SH SOLE 117832 0 0
GAP INC DEL COM 364760108 52409 853050 SH SOLE 853050 0 0
GATEWAY 2000 INC COM 367833100 18215 364300 SH SOLE 364300 0 0
GATX CORP COM 361448103 2615 59600 SH SOLE 59600 0 0
GAYLORD ENTMT CO NEW COM 367905106 619 19200 SH SOLE 19200 0 0
GENCORP INC COM 368682100 528 20900 SH SOLE 20900 0 0
GENER S A SPONSORED ADR 368731105 11362 622590 SH SOLE 622590 0 0
GENERAL ELEC CO COM 369604103 42320 465700 SH SOLE 465700 0 0
GENERAL GROWTH PPTYS INC COM 370021107 6066 162300 SH SOLE 162300 0 0
GENERAL INSTR CORP DEL COM 370120107 1881 69200 SH SOLE 69200 0 0
GENERAL MLS INC COM 370334104 853 12500 SH SOLE 12500 0 0
GENERAL MTRS CORP COM 370442105 42937 642651 SH SOLE 642651 0 0
GENERAL NUTRITION COS INC COM 37047F103 383 12300 SH SOLE 12300 0 0
GENERAL SIGNAL CORP COM 370838104 950 26400 SH SOLE 26400 0 0
GENLYTE GROUP INC COM 372302109 663 25000 SH SOLE 25000 0 0
GENSIA SICOR INC COM 372450106 442 110400 SH SOLE 110400 0 0
GENTEX CORP COM 371901109 1416 78100 SH SOLE 78100 0 0
GENUINE PARTS CO COM 372460105 5048 146052 SH SOLE 146052 0 0
GEON CO COM 37246W105 693 30200 SH SOLE 30200 0 0
GEORGIA PAC CORP COM GA PAC GRP 373298108 7599 128931 SH SOLE 128931 0 0
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GLEASON CORP COM 377339106 548 19500 SH SOLE 19500 0 0
GLENBOROUGH RLTY TR INC COM 37803P105 4579 173600 SH SOLE 173600 0 0
GLOBAL DIRECTMAIL CORP COM 379321102 606 48000 SH SOLE 48000 0 0
GLOBAL INDL TECHNOLOGIES INC COM 379335102 359 25000 SH SOLE 25000 0 0
GLOBAL INDS LTD COM 379336100 1188 70400 SH SOLE 70400 0 0
GOLDEN ST BANCORP INC COM 381197102 1532 51500 SH SOLE 51500 0 0
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GOODYS FAMILY CLOTHING INC COM 382588101 2980 54300 SH SOLE 54300 0 0
GPU INC COM 36225X100 250 6600 SH SOLE 6600 0 0
GRACO INC COM 384109104 1393 39950 SH SOLE 39950 0 0
GRAINGER W W INC COM 384802104 11554 231948 SH SOLE 231948 0 0
GRAND CASINOS INC COM 385269105 1428 84000 SH SOLE 84000 0 0
GRANITE CONSTR INC COM 387328107 858 28000 SH SOLE 28000 0 0
GREAT ATLANTIC & PAC TEA INC COM 390064103 911 27400 SH SOLE 27400 0 0
GREAT LAKES CHEM CORP COM 390568103 6476 164200 SH SOLE 164200 0 0
GREEN TREE FINL CORP COM 393505102 4675 109200 SH SOLE 109200 0 0
GREENPOINT FINL CORP COM 395384100 9594 255000 SH SOLE 255000 0 0
GREIF BROS CORP CL A 397624107 351 9400 SH SOLE 9400 0 0
<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
GREY ADVERTISING INC COM 397838103 554 1400 SH SOLE 1400 0 0
GRIFFON CORP COM 398433102 1265 98700 SH SOLE 98700 0 0
GRUPO MEXICANO DE DESARROLLO SPND ADR B SHS 40048G104 10 80200 SH SOLE 80200 0 0
GRUPO TRIBASA S A DE C V SPONSORED ADR 40049F105 18488 3564200 SH SOLE 3564200 0 0
GTE CORP COM 362320103 54756 984377 SH SOLE 984377 0 0
GTECH HLDGS CORP COM 400518106 1863 55300 SH SOLE 55300 0 0
GUILFORD MLS INC COM 401794102 861 43050 SH SOLE 43050 0 0
GULF CDA RES LTD ORD 40218L305 3070 855802 SH SOLE 855802 0 0
GULF INDONESIA RES LTD COM 402284103 1657 144100 SH SOLE 144100 0 0
GYMBOREE CORP COM 403777105 682 45000 SH SOLE 45000 0 0
HAEMONETICS CORP COM 405024100 888 55500 SH SOLE 55500 0 0
HALLIBURTON CO COM 406216101 2262 50900 SH SOLE 50900 0 0
HANDLEMAN CO DEL COM 410252100 661 57500 SH SOLE 57500 0 0
HANNA M A CO COM 410522106 960 52400 SH SOLE 52400 0 0
HANNAFORD BROS CO COM 410550107 1188 27000 SH SOLE 27000 0 0
HANOVER DIRECT INC COM 410783104 1014 300300 SH SOLE 300300 0 0
HANSON PLC SPNSRD ADR NEW 411352404 606 20000 SH SOLE 20000 0 0
HARLEYSVILLE GROUP INC COM 412824104 789 38000 SH SOLE 38000 0 0
HARMAN INTL INDS INC COM 413086109 670 17400 SH SOLE 17400 0 0
HARNISCHFEGER INDS INC COM 413345109 1229 43400 SH SOLE 43400 0 0
HARRAHS ENTMT INC COM 413619107 2199 94600 SH SOLE 94600 0 0
HARRIS CORP DEL COM 413875105 1669 37345 SH SOLE 37345 0 0
HARSCO CORP COM 415864107 802 17500 SH SOLE 17500 0 0
HARTE-HANKS INC COM 416196103 1244 48200 SH SOLE 48200 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 217 1900 SH SOLE 1900 0 0
HASBRO INC COM 418056107 6183 157278 SH SOLE 157278 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 933 23500 SH SOLE 23500 0 0
HBO & CO COM 404100109 9324 264500 SH SOLE 264500 0 0
HEALTH CARE & RETIREMENT DEL COM 421937103 1025 26000 SH SOLE 26000 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 254 7600 SH SOLE 7600 0 0
HEALTH MGMT SYS INC COM 42219M100 645 57300 SH SOLE 57300 0 0
HEARTLAND EXPRESS INC COM 422347104 818 40400 SH SOLE 40400 0 0
HEILIG MEYERS CO COM 422893107 661 53700 SH SOLE 53700 0 0
HELIX TECHNOLOGY CORP COM 423319102 558 37200 SH SOLE 37200 0 0
HERSHEY FOODS CORP COM 427866108 1555 22537 SH SOLE 22537 0 0
HEWLETT PACKARD CO COM 428236103 1796 30000 SH SOLE 30000 0 0
HEXCEL CORP NEW COM 428291108 615 26900 SH SOLE 26900 0 0
HIBERNIA CORP CL A 428656102 4474 223000 SH SOLE 223000 0 0
HIGHWOODS PPTYS INC COM 431284108 2750 85100 SH SOLE 85100 0 0
HILLENBRAND INDS INC COM 431573104 3630 60500 SH SOLE 60500 0 0
HILTON HOTELS CORP COM 432848109 1431 50000 SH SOLE 50000 0 0
HNC SOFTWARE INC COM 40425P107 461 11300 SH SOLE 11300 0 0
HOLLINGER INC RETRACTBLE COM 43556C606 294 37400 SH SOLE 37400 0 0
HOLLINGER INTL INC CL A 435569108 2285 134400 SH SOLE 134400 0 0
HOLLY CORP COM PAR $0.01 435758305 412 16000 SH SOLE 16000 0 0
HOME DEPOT INC COM 437076102 54489 656000 SH SOLE 656000 0 0
HOMEBASE INC COM 43738E108 664 83600 SH SOLE 83600 0 0
HON INDS INC COM 438092108 1023 30100 SH SOLE 30100 0 0
HORACE MANN EDUCATORS CORP NEW COM 440327104 2670 77400 SH SOLE 77400 0 0
HORMEL FOODS CORP COM 440452100 1196 34600 SH SOLE 34600 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
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 2612 81300 SH SOLE 81300 0 0
HOST MARRIOTT CORP COM 441078102 11540 647900 SH SOLE 647900 0 0
HOUSEHOLD INTL INC COM 441815107 491 9879 SH SOLE 9879 0 0
HOUSTON INDS INC COM 442161105 890 28900 SH SOLE 28900 0 0
HUNT J B TRANS SVCS INC COM 445658107 2052 57600 SH SOLE 57600 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 967 35500 SH SOLE 35500 0 0
HYPERION SOFTWARE INC COM 44914Q105 741 26000 SH SOLE 26000 0 0
IBP INC COM 449223106 5349 295100 SH SOLE 295100 0 0
ICN PHARMACEUTICALS INC NEW COM 448924100 17562 384400 SH SOLE 384400 0 0
ICOS CORP COM 449295104 1029 53800 SH SOLE 53800 0 0
IDEC PHARMACEUTICALS CORP COM 449370105 554 23500 SH SOLE 23500 0 0
IDEXX LABS CORP COM 45168D104 955 38400 SH SOLE 38400 0 0
ILLINOVA CORP COM 452317100 3468 115600 SH SOLE 115600 0 0
IMMUNEX CORP NEW COM 452528102 1292 19500 SH SOLE 19500 0 0
IMPERIAL CR INDS INC COM 452729106 776 33000 SH SOLE 33000 0 0
IMPERIAL OIL LTD COM NEW 453038408 3539 298500 SH SOLE 298500 0 0
IN FOCUS SYS INC COM 452919103 376 53200 SH SOLE 53200 0 0
INCO LTD COM 453258402 4064 401389 SH SOLE 401389 0 0
INDIA FD INC COM 454089103 813 127600 SH SOLE 127600 0 0
INDUSTRIE NATUZZI SPA ADR 456478106 749 28800 SH SOLE 28800 0 0
INFORMATION RES INC COM 456905108 751 40600 SH SOLE 40600 0 0
INFORMIX CORP COM 456779107 1355 171400 SH SOLE 171400 0 0
INGLES MKTS INC CL A 457030104 808 55700 SH SOLE 55700 0 0
INLAND STL INDS INC COM 457472108 1339 47500 SH SOLE 47500 0 0
INNKEEPERS USA TR COM 4576J0104 1887 149500 SH SOLE 149500 0 0
INPRISE CORP COM 45766C102 476 64500 SH SOLE 64500 0 0
INPUT/OUTPUT INC COM 457652105 1014 56900 SH SOLE 56900 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 513 71700 SH SOLE 71700 0 0
INTEGRATED HEALTH SVCS INC COM 45812C106 1965 52400 SH SOLE 52400 0 0
INTEL CORP COM 458140100 94436 1274009 SH SOLE 1274009 0 0
INTER TEL INC COM 458372109 550 34400 SH SOLE 34400 0 0
INTERFACE INC CL A 458665106 848 42000 SH SOLE 42000 0 0
INTERGRAPH CORP COM 458683109 1204 140600 SH SOLE 140600 0 0
INTERIM SVCS INC COM 45868P100 482 15000 SH SOLE 15000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 19610 170800 SH SOLE 170800 0 0
INTERNATIONAL COMFORT PRODS CP ORD 458978103 93 11300 SH SOLE 11300 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 8303 342400 SH SOLE 342400 0 0
INTERNATIONAL MULTIFOODS CORP COM 460043102 927 33700 SH SOLE 33700 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 850 100000 SH SOLE 100000 0 0
INTERPOOL INC COM 46062R108 684 47400 SH SOLE 47400 0 0
INTERPUBLIC GROUP COS INC COM 460690100 19942 328600 SH SOLE 328600 0 0
INTERSOLV INC COM 46070J106 718 44700 SH SOLE 44700 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 1361 41000 SH SOLE 41000 0 0
INTL PAPER CO COM 460146103 1604 37300 SH SOLE 37300 0 0
INTUIT COM 461202103 380 6200 SH SOLE 6200 0 0
IPALCO ENTERPRISES INC COM 462613100 1075 24200 SH SOLE 24200 0 0
IPSCO INC COM 462622101 1245 68150 SH SOLE 68150 0 0
IRVINE APT CMNTYS INC COM 463606103 865 29900 SH SOLE 29900 0 0
IVAX CORP COM 465823102 881 95200 SH SOLE 95200 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1272 39600 SH SOLE 39600 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
JDN RLTY CORP COM 465917102 2429 76500 SH SOLE 76500 0 0
JEFFERIES GROUP INC COM 472318104 1763 43000 SH SOLE 43000 0 0
JEFFERSON PILOT CORP COM 475070108 430 7425 SH SOLE 7425 0 0
JEFFERSON SMURFIT CORP NEW COM 475087102 1787 113700 SH SOLE 113700 0 0
JLG INDS INC COM 466210101 579 28600 SH SOLE 28600 0 0
JOHN ALDEN FINL CORP COM 477838106 1096 49800 SH SOLE 49800 0 0
JOHNSON & JOHNSON COM 478160104 115899 1566200 SH SOLE 1566200 0 0
JOHNSON CTLS INC COM 478366107 5784 101144 SH SOLE 101144 0 0
JONES APPAREL GROUP INC COM 480074103 3342 91400 SH SOLE 91400 0 0
JOSTENS INC COM 481088102 1194 50000 SH SOLE 50000 0 0
JP REALTY INC COM 46624A106 1767 75000 SH SOLE 75000 0 0
JSB FINANCIAL INC COM 46624M100 305 5200 SH SOLE 5200 0 0
JUSTIN INDS INC COM 482171105 1150 71300 SH SOLE 71300 0 0
K MART CORP COM 482584109 16185 840781 SH SOLE 840781 0 0
KAISER ALUMINUM CORP COM 483007100 292 30500 SH SOLE 30500 0 0
KAMAN CORP CL A 483548103 1250 65700 SH SOLE 65700 0 0
KANSAS CITY LIFE INS CO COM 484836101 1456 16000 SH SOLE 16000 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 11156 224800 SH SOLE 224800 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 3808 120400 SH SOLE 120400 0 0
KAYDON CORP COM 486587108 2090 59200 SH SOLE 59200 0 0
KCS ENERGY INC COM 482434206 337 29500 SH SOLE 29500 0 0
KEANE INC COM 486665102 1411 25200 SH SOLE 25200 0 0
KELLOGG CO COM 487836108 11264 298886 SH SOLE 298886 0 0
KELLWOOD CO COM 488044108 933 26100 SH SOLE 26100 0 0
KELLY SVCS INC CL A 488152208 1369 38700 SH SOLE 38700 0 0
KEMET CORP COM 488360108 809 61500 SH SOLE 61500 0 0
KENNAMETAL INC COM 489170100 484 11600 SH SOLE 11600 0 0
KERR MCGEE CORP COM 492386107 967 16700 SH SOLE 16700 0 0
KEYCORP NEW COM 493267108 264 7400 SH SOLE 7400 0 0
KILROY RLTY CORP COM 49427F108 1318 52700 SH SOLE 52700 0 0
KIMBALL INTL INC CL B 494274103 667 36800 SH SOLE 36800 0 0
KIMBERLY CLARK CORP COM 494368103 2367 51600 SH SOLE 51600 0 0
KING WORLD PRODTNS INC COM 495667107 3526 138260 SH SOLE 138260 0 0
KN ENERGY INC COM 482620101 813 15000 SH SOLE 15000 0 0
KOGER EQUITY INC COM 500228101 1387 68700 SH SOLE 68700 0 0
KOMAG INC COM 500453105 578 108100 SH SOLE 108100 0 0
KOOR INDS LTD SPONSORED ADR 500507108 750 32100 SH SOLE 32100 0 0
KOREA FD COM 500634100 2272 360000 SH SOLE 360000 0 0
KOREAN INVT FD INC COM 500637103 470 160000 SH SOLE 160000 0 0
KROGER CO COM 501044101 18510 431724 SH SOLE 431724 0 0
KUHLMAN CORP COM 501206106 791 20000 SH SOLE 20000 0 0
KULICKE & SOFFA INDS INC COM 501242101 614 36100 SH SOLE 36100 0 0
LA Z BOY INC COM 505336107 2096 37100 SH SOLE 37100 0 0
LABORATORY CORP AMER HLDGS COM 50540R102 986 426300 SH SOLE 426300 0 0
LAFARGE CORP COM 505862102 1317 33500 SH SOLE 33500 0 0
LAIDLAW ENVIRONMENTAL SVCS INC COM 50730L105 612 168800 SH SOLE 168800 0 0
LAIDLAW INC COM 50730K503 1910 230435 SH SOLE 230435 0 0
LAM RESH CORP COM 512807108 759 39700 SH SOLE 39700 0 0
LANCASTER COLONY CORP COM 513847103 1701 44915 SH SOLE 44915 0 0
LANDS END INC COM 515086106 1578 49900 SH SOLE 49900 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
LATTICE SEMICONDUCTOR CORP COM 518415104 824 29000 SH SOLE 29000 0 0
LEAR CORP COM 521865105 4608 89800 SH SOLE 89800 0 0
LEARNING CO INC COM 522008101 1093 36900 SH SOLE 36900 0 0
LEE ENTERPRISES INC COM 523768109 257 8400 SH SOLE 8400 0 0
LEGG MASON INC COM 524901105 1654 28733 SH SOLE 28733 0 0
LEGGETT & PLATT INC COM 524660107 420 16800 SH SOLE 16800 0 0
LEHMAN BROS HLDGS INC COM 524908100 8320 107266 SH SOLE 107266 0 0
LENNAR CORP COM 526057104 3375 114400 SH SOLE 114400 0 0
LEUCADIA NATL CORP COM 527288104 777 23500 SH SOLE 23500 0 0
LEVEL ONE COMMUNICATIONS INC COM 527295109 1065 45300 SH SOLE 45300 0 0
LEXMARK INTL GROUP INC CL A 529771107 12035 197300 SH SOLE 197300 0 0
LG&E ENERGY CORP COM 501917108 2468 91200 SH SOLE 91200 0 0
LIBERTY CORP S C COM 530370105 1112 22100 SH SOLE 22100 0 0
LIBERTY FINL COS INC COM 530512102 1691 49000 SH SOLE 49000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 3055 119500 SH SOLE 119500 0 0
LIFE RE CORP COM 532160108 1533 18500 SH SOLE 18500 0 0
LIFE USA HLDG INC COM NEW 531918209 604 46700 SH SOLE 46700 0 0
LILLY ELI & CO COM 532457108 5923 89400 SH SOLE 89400 0 0
LIMITED INC COM 532716107 5035 152000 SH SOLE 152000 0 0
LINCARE HLDGS INC COM 532791100 4038 96000 SH SOLE 96000 0 0
LINCOLN NATL CORP IND COM 534187109 512 5600 SH SOLE 5600 0 0
LITTON INDS INC COM 538021106 8189 138800 SH SOLE 138800 0 0
LIZ CLAIBORNE INC COM 539320101 7352 140700 SH SOLE 140700 0 0
LOCKHEED MARTIN CORP COM 539830109 3260 30788 SH SOLE 30788 0 0
LOEWEN GROUP INC COM 54042L100 241 13100 SH SOLE 13100 0 0
LOEWS CORP COM 540424108 21058 241700 SH SOLE 241700 0 0
LONE STAR INDS INC COM NEW 542290408 794 10300 SH SOLE 10300 0 0
LONE STAR STEAKHOUSE SALOON COM 542307103 597 43200 SH SOLE 43200 0 0
LONE STAR TECHNOLOGIES INC COM 542312103 589 38600 SH SOLE 38600 0 0
LONGS DRUG STORES CORP COM 543162101 1758 60900 SH SOLE 60900 0 0
LOWES COS INC COM 548661107 4819 118800 SH SOLE 118800 0 0
LTV CORP NEW COM 501921100 703 73500 SH SOLE 73500 0 0
LUBRIZOL CORP COM 549271104 2837 93800 SH SOLE 93800 0 0
LUBYS CAFETERIAS INC COM 549282101 378 21500 SH SOLE 21500 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 1851 119450 SH SOLE 119450 0 0
LYDALL INC DEL COM 550819106 319 21900 SH SOLE 21900 0 0
LYONDELL PETROCHEMICAL CO COM 552078107 928 30500 SH SOLE 30500 0 0
M & T BK CORP COM 55261F104 1219 2200 SH SOLE 2200 0 0
M S CARRIERS INC COM 553533100 458 16900 SH SOLE 16900 0 0
MACDERMID INC COM 554273102 718 25400 SH SOLE 25400 0 0
MACERICH CO COM 554382101 1571 53600 SH SOLE 53600 0 0
MACK CALI RLTY CORP COM 554489104 5198 151200 SH SOLE 151200 0 0
MACKENZIE FINL CORP COM 554531103 193 21400 SH SOLE 21400 0 0
MACMILLAN BLOEDEL LTD COM 554783209 4255 588939 SH SOLE 588939 0 0
MACROMEDIA INC COM 556100105 847 45300 SH SOLE 45300 0 0
MADERAS Y SINTETICOS SOCIEDAD SPONSORED ADR 556465102 1691 208100 SH SOLE 208100 0 0
MAGNA INTL INC CL A 559222401 2240 48000 SH SOLE 48000 0 0
MALLINCKRODT INC NEW COM 561232109 5151 173500 SH SOLE 173500 0 0
MANITOWOC INC COM 563571108 835 20725 SH SOLE 20725 0 0
MANOR CARE INC COM 564054104 700 18200 SH SOLE 18200 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
MANPOWER INC COM 56418H100 1434 50000 SH SOLE 50000 0 0
MANUFACTURED HOME CMNTYS INC COM 564682102 1701 70500 SH SOLE 70500 0 0
MARCUS CORP COM 566330106 301 16850 SH SOLE 16850 0 0
MARK IV INDS INC COM 570387100 1512 69905 SH SOLE 69905 0 0
MARKETSPAN CORP COM 57061V107 5501 183756 SH SOLE 183756 0 0
MARQUETTE MED SYS INC COM 571490101 1426 55600 SH SOLE 55600 0 0
MARSHALL INDS COM 572393106 801 29400 SH SOLE 29400 0 0
MARTIN MARIETTA MATLS INC COM 573284106 2534 56300 SH SOLE 56300 0 0
MASCOTECH INC COM 574670105 1543 64300 SH SOLE 64300 0 0
MATTEL INC COM 577081102 19979 472184 SH SOLE 472184 0 0
MAXXAM INC COM 577913106 306 5400 SH SOLE 5400 0 0
MAYTAG CORP COM 578592107 22332 452300 SH SOLE 452300 0 0
MBIA INC COM 55262C100 3347 44700 SH SOLE 44700 0 0
MCDERMOTT INTL INC COM 580037109 3688 107100 SH SOLE 107100 0 0
MCDONALDS CORP COM 580135101 842 12200 SH SOLE 12200 0 0
MCGRATH RENTCORP COM 580589109 2068 97900 SH SOLE 97900 0 0
MCI COMMUNICATIONS CORP COM 552673105 13258 228100 SH SOLE 228100 0 0
MCKESSON CORP NEW COM 581557105 5493 67400 SH SOLE 67400 0 0
MEAD CORP COM 582834107 5986 188533 SH SOLE 188533 0 0
MEDIA GEN INC CL A 584404107 1236 25100 SH SOLE 25100 0 0
MEDIAONE GROUP INC COM 58440J104 2364 53800 SH SOLE 53800 0 0
MEDIMMUNE INC COM 584699102 2420 38800 SH SOLE 38800 0 0
MEDITRUST CORP PAIRED CTF NEW 58501T306 693 24800 SH SOLE 24800 0 0
MEDPARTNERS INC NEW COM 58503X107 200 25000 SH SOLE 25000 0 0
MEDTRONIC INC COM 585055106 15683 246000 SH SOLE 246000 0 0
MEDUSA CORP COM PAR $0 585072309 1311 20900 SH SOLE 20900 0 0
MEMC ELECTR MATLS INC COM 552715104 383 36900 SH SOLE 36900 0 0
MENTOR CORP MINN COM 587188103 720 29700 SH SOLE 29700 0 0
MERCANTILE STORES INC COM 587533100 2810 35600 SH SOLE 35600 0 0
MERCK & CO INC COM 589331107 28609 213900 SH SOLE 213900 0 0
MERCURY GENL CORP NEW COM 589400100 5071 78700 SH SOLE 78700 0 0
MERCURY INTERACTIVE CORP COM 589405109 857 19200 SH SOLE 19200 0 0
MEREDITH CORP COM 589433101 1216 25900 SH SOLE 25900 0 0
MERIDIAN GOLD INC COM 589975101 448 310000 SH SOLE 310000 0 0
MERIDIAN INDL TR INC COM 589643105 1983 86200 SH SOLE 86200 0 0
MERRILL LYNCH & CO INC COM 590188108 21125 229000 SH SOLE 229000 0 0
METAMOR WORLDWIDE INC COM 59133P100 1545 43900 SH SOLE 43900 0 0
METHANEX CORP COM 59151K108 3182 542600 SH SOLE 542600 0 0
METHODE ELECTRS INC CL A 591520200 1048 67600 SH SOLE 67600 0 0
METROMEDIA INTL GROUP INC COM 591695101 1027 86000 SH SOLE 86000 0 0
MEYER FRED INC DEL NEW COM 592907109 12890 303286 SH SOLE 303286 0 0
MGIC INVT CORP WIS COM 552848103 2899 50800 SH SOLE 50800 0 0
MICHAEL FOOD INC NEW COM 594079105 1977 67300 SH SOLE 67300 0 0
MICHAELS STORES INC COM 594087108 2724 77200 SH SOLE 77200 0 0
MICRO WHSE INC COM 59501B105 1097 70800 SH SOLE 70800 0 0
MICRON TECHNOLOGY INC COM 595112103 12411 500200 SH SOLE 500200 0 0
MICROSOFT CORP COM 594918104 149222 1376900 SH SOLE 1376900 0 0
MID ATLANTIC MED SVCS INC COM 59523C107 840 73000 SH SOLE 73000 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1055 40100 SH SOLE 40100 0 0
MIDAMERICA ENERGY HLDGS CO COM 595920109 1894 87582 SH SOLE 87582 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
MILLER HERMAN INC COM 600544100 1138 46800 SH SOLE 46800 0 0
MILLS CORP COM 601148109 1150 47900 SH SOLE 47900 0 0
MINE SAFETY APPLIANCES CO COM 602720104 1875 25000 SH SOLE 25000 0 0
MINNESOTA MNG & MFG CO COM 604059105 970 11800 SH SOLE 11800 0 0
MINNESOTA PWR INC COM 604110106 433 10900 SH SOLE 10900 0 0
MISSISSIPPI CHEM CORP COM NEW 605288208 628 38200 SH SOLE 38200 0 0
MITCHELL ENERGY & DEV CORP CL B 606592301 1059 55000 SH SOLE 55000 0 0
MITEL CORP COM 606711109 773 83000 SH SOLE 83000 0 0
MOBIL CORP COM 607059102 5877 76700 SH SOLE 76700 0 0
MODINE MFG CO COM 607828100 1652 47700 SH SOLE 47700 0 0
MOHAWK INDS INC COM 608190104 3831 120900 SH SOLE 120900 0 0
MONSANTO CO COM 611662107 291 5200 SH SOLE 5200 0 0
MONTANA POWER CO COM 612085100 2808 80800 SH SOLE 80800 0 0
MOORE LTD COM 615785102 4989 480664 SH SOLE 480664 0 0
MORGAN J P & CO INC COM 616880100 258 2200 SH SOLE 2200 0 0
MORGAN KEEGAN INC COM 617410105 945 36525 SH SOLE 36525 0 0
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 44440 486345 SH SOLE 486345 0 0
MORGAN STANLEY EMERGING MKTS COM 61744G107 810 86400 SH SOLE 86400 0 0
MORTON INTL INC IND NEW COM 619335102 325 13000 SH SOLE 13000 0 0
MOTOROLA INC COM 620076109 21439 407875 SH SOLE 407875 0 0
MSC INDL DIRECT INC CL A 553530106 1169 41000 SH SOLE 41000 0 0
MTS SYS CORP COM 553777103 781 48600 SH SOLE 48600 0 0
MUELLER INDS INC COM 624756102 1726 46500 SH SOLE 46500 0 0
MURPHY OIL CORP COM 626717102 1875 37000 SH SOLE 37000 0 0
MUSICLAND STORES CORP COM 62758B109 1223 85100 SH SOLE 85100 0 0
MYLAN LABS INC COM 628530107 1340 44300 SH SOLE 44300 0 0
NABORS INDS INC COM 629568106 1686 84300 SH SOLE 84300 0 0
NAC RE CORP COM 628907107 1222 22900 SH SOLE 22900 0 0
NACCO INDS INC CL A 629579103 2495 19300 SH SOLE 19300 0 0
NASH FINCH CO COM 631158102 1444 95900 SH SOLE 95900 0 0
NATIONAL BANCORP ALASKA COM 632587101 1244 40300 SH SOLE 40300 0 0
NATIONAL COMM BANCORP COM 635449101 2286 54600 SH SOLE 54600 0 0
NATIONAL COMPUTER SYS INC COM 635519101 1063 44300 SH SOLE 44300 0 0
NATIONAL SEMICONDUCTOR CORP COM 637640103 1017 77500 SH SOLE 77500 0 0
NATIONAL STL CORP CL B 637844309 1470 123800 SH SOLE 123800 0 0
NATIONAL SVC INDS INC COM 637657107 728 14300 SH SOLE 14300 0 0
NATIONSBANK CORP COM 638585109 34077 444367 SH SOLE 444367 0 0
NATIONWIDE FINL SVCS INC CL A 638612101 255 5000 SH SOLE 5000 0 0
NAUTICA ENTERPRISES INC COM 639089101 1180 44000 SH SOLE 44000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 4170 144400 SH SOLE 144400 0 0
NBTY INC COM 628782104 1527 83100 SH SOLE 83100 0 0
NCH CORP COM 628850109 1172 18300 SH SOLE 18300 0 0
NEIMAN MARCUS GROUP INC COM 640204103 1846 42500 SH SOLE 42500 0 0
NETWORK APPLIANCE INC COM 64120L104 444 11400 SH SOLE 11400 0 0
NEVADA POWER CO COM 641423108 1555 60400 SH SOLE 60400 0 0
NEW CENTURY ENERGIES INC COM 64352U103 3444 75800 SH SOLE 75800 0 0
NEW ENGLAND ELEC SYS COM 644001109 964 22300 SH SOLE 22300 0 0
NEWBRIDGE NETWORKS CORP COM 650901101 2599 159000 SH SOLE 159000 0 0
NEWELL CO COM 651192106 1848 37100 SH SOLE 37100 0 0
NEWS CORP LTD ADR NEW 652487703 321 10000 SH SOLE 10000 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
NEXTEL COMMUNICATIONS INC CL A 65332V103 9408 378200 SH SOLE 378200 0 0
NGC CORP COM 629121104 388 31000 SH SOLE 31000 0 0
NIAGARA MOHAWK PWR CORP COM 653522102 6000 401700 SH SOLE 401700 0 0
NICE SYS LTD SPONSORED ADR 653656108 675 18000 SH SOLE 18000 0 0
NIKE INC CL B 654106103 930 19100 SH SOLE 19100 0 0
NINE WEST GROUP INC COM 65440D102 1298 48400 SH SOLE 48400 0 0
NIPSCO INDS INC COM 629140104 5135 183400 SH SOLE 183400 0 0
NL INDS INC COM NEW 629156407 1832 91600 SH SOLE 91600 0 0
NORDSON CORP COM 655663102 1283 27300 SH SOLE 27300 0 0
NORRELL CORP GA COM 656301108 532 26700 SH SOLE 26700 0 0
NORTH FORK BANCORPORATION NY COM 659424105 1383 56600 SH SOLE 56600 0 0
NORTHEAST UTILS COM 664397106 2889 170600 SH SOLE 170600 0 0
NORTHN STS PWR CO MINN COM 665772109 229 8000 SH SOLE 8000 0 0
NORTHROP GRUMMAN CORP COM 666807102 10921 105900 SH SOLE 105900 0 0
NORWEST CORP COM 669380107 255 6800 SH SOLE 6800 0 0
NOVA CORP ALTA COM 669943102 5946 756300 SH SOLE 756300 0 0
NOVACARE CORP COM 669930109 944 80300 SH SOLE 80300 0 0
NOVELL INC COM 670006105 445 34900 SH SOLE 34900 0 0
NOVELLUS SYS INC COM 670008101 1713 48000 SH SOLE 48000 0 0
NPC INTERNATIONAL INC COM 629360306 763 62300 SH SOLE 62300 0 0
NTL INC COM 629407107 2391 44700 SH SOLE 44700 0 0
NUI CORP COM 629430109 811 31900 SH SOLE 31900 0 0
NUMAC ENERGY INC COM 67052A103 210 120800 SH SOLE 120800 0 0
O'SULLIVAN INDS HLDGS INC COM 688609106 728 52000 SH SOLE 52000 0 0
OAK TECHNOLOGY INC COM 671802106 902 197700 SH SOLE 197700 0 0
OAKLEY INC COM 673662102 1132 84600 SH SOLE 84600 0 0
OAKWOOD HOMES CORP COM 674098108 2385 79500 SH SOLE 79500 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 25186 932800 SH SOLE 932800 0 0
OCTEL CORP COM 675727101 768 38375 SH SOLE 38375 0 0
OFFICE DEPOT INC COM 676220106 5747 182100 SH SOLE 182100 0 0
OFFICEMAX INC COM 67622M108 2223 134700 SH SOLE 134700 0 0
OGDEN CORP COM 676346109 939 33900 SH SOLE 33900 0 0
OHIO CAS CORP COM 677240103 1779 40200 SH SOLE 40200 0 0
OLD KENT FINL CORP COM 679833103 477 13261 SH SOLE 13261 0 0
OLD REP INTL CORP COM 680223104 3571 121575 SH SOLE 121575 0 0
OLIN CORP COM PAR $1 680665205 780 18700 SH SOLE 18700 0 0
OLSTEN CORP COM 681385100 945 84500 SH SOLE 84500 0 0
ONEIDA LTD COM 682505102 2019 66050 SH SOLE 66050 0 0
ONEOK INC NEW COM 682680103 1292 32400 SH SOLE 32400 0 0
ORACLE CORP COM 68389X105 462 18800 SH SOLE 18800 0 0
ORANGE & ROCKLAND UTILS INC COM 684065105 1224 22800 SH SOLE 22800 0 0
ORBITAL SCIENCES CORP COM 685564106 1417 37900 SH SOLE 37900 0 0
ORBOTECH LTD ORD M75253100 2975 81800 SH SOLE 81800 0 0
OREGON STL MLS INC COM 686079104 548 29400 SH SOLE 29400 0 0
ORION CAP CORP COM 686268103 2364 42300 SH SOLE 42300 0 0
ORTHODONTIC CTRS AMER INC COM 68750P103 586 28000 SH SOLE 28000 0 0
OSHKOSH B GOSH INC CL A 688222207 2127 47800 SH SOLE 47800 0 0
OUTBACK STEAKHOUSE INC COM 689899102 4469 114600 SH SOLE 114600 0 0
OVERSEAS SHIPHOLDING GROUP INC COM 690368105 736 36100 SH SOLE 36100 0 0
OWENS CORNING COM 69073F103 3755 92000 SH SOLE 92000 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
OWENS ILL INC COM NEW 690768403 20572 459700 SH SOLE 459700 0 0
OXFORD HEALTH PLANS INC COM 691471106 234 15300 SH SOLE 15300 0 0
OXFORD INDS INC COM 691497309 849 24300 SH SOLE 24300 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 744 128000 SH SOLE 128000 0 0
PACIFIC CENTY FINL CORP COM 694058108 2074 86400 SH SOLE 86400 0 0
PACIFICARE HEALTH SYS DEL CL B 695112201 1317 14904 SH SOLE 14904 0 0
PACIFICORP COM 695114108 11369 502500 SH SOLE 502500 0 0
PAGING NETWORK INC COM 695542100 1813 129500 SH SOLE 129500 0 0
PAINE WEBBER GROUP INC COM 695629105 13396 312450 SH SOLE 312450 0 0
PALL CORP COM 696429307 1025 50000 SH SOLE 50000 0 0
PAN PACIFIC RETAIL PPTYS INC COM 69806L104 353 18200 SH SOLE 18200 0 0
PARAGON HEALTH NETWORK INC COM 698940103 2024 125500 SH SOLE 125500 0 0
PARAMETRIC TECHNOLOGY CORP COM 699173100 263 9700 SH SOLE 9700 0 0
PARK NATL CORP COM 700658107 1837 18200 SH SOLE 18200 0 0
PARKWAY PPTYS INC COM 70159Q104 4230 143400 SH SOLE 143400 0 0
PATRIOT AMERN HOSPITALITY DEL PAIRED CTF 703352203 9100 380172 SH SOLE 380172 0 0
PATTERSON DENTAL CO COM 703412106 529 14450 SH SOLE 14450 0 0
PAYCHEX INC COM 704326107 397 9750 SH SOLE 9750 0 0
PECO ENERGY CO COM 693304107 207 7100 SH SOLE 7100 0 0
PEDIATRIX MED GROUP COM 705324101 591 15900 SH SOLE 15900 0 0
PENN VA CORP COM 707882106 631 24400 SH SOLE 24400 0 0
PENNCORP FINL GROUP INC COM 708094107 724 35300 SH SOLE 35300 0 0
PENNEY J C INC COM 708160106 3999 55300 SH SOLE 55300 0 0
PENNZOIL CO COM 709903108 3470 68300 SH SOLE 68300 0 0
PENTAIR INC COM 709631105 774 18200 SH SOLE 18200 0 0
PEOPLES ENERGY CORP COM 711030106 1251 32400 SH SOLE 32400 0 0
PEOPLESOFT INC COM 712713106 508 10800 SH SOLE 10800 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 744 39300 SH SOLE 39300 0 0
PEPSICO INC COM 713448108 527 12800 SH SOLE 12800 0 0
PERRIGO CO COM 714290103 1363 135500 SH SOLE 135500 0 0
PERUSAHAAN PERS INDO SATELLITE SPONSORED ADR 715680104 1591 143000 SH SOLE 143000 0 0
PFIZER INC COM 717081103 70126 645212 SH SOLE 645212 0 0
PG&E CORP COM 69331C108 25127 796100 SH SOLE 796100 0 0
PHARMACIA & UPJOHN INC COM 716941109 24535 531915 SH SOLE 531915 0 0
PHARMERICA INC COM 717135107 371 30720 SH SOLE 30720 0 0
PHELPS DODGE CORP COM 717265102 812 14200 SH SOLE 14200 0 0
PHILIP MORRIS COS INC COM 718154107 56172 1426583 SH SOLE 1426583 0 0
PHILIPS ELECTRS N V NEW YORK SHS 718337504 8114 95600 SH SOLE 95600 0 0
PHILLIPS PETE CO COM 718507106 12169 252538 SH SOLE 252538 0 0
PHILLIPS VAN HEUSEN CORP COM 718592108 727 49300 SH SOLE 49300 0 0
PHYCOR INC COM 71940F100 414 25000 SH SOLE 25000 0 0
PIER 1 IMPORTS INC COM 720279108 1912 80100 SH SOLE 80100 0 0
PILGRIMS PRIDE CORP COM 721467108 920 46000 SH SOLE 46000 0 0
PINNACLE WEST CAP CORP COM 723484101 11795 262100 SH SOLE 262100 0 0
PIONEER HI BRED INTL INC COM 723686101 372 9000 SH SOLE 9000 0 0
PIONEER STD ELECTRS INC COM 723877106 584 60700 SH SOLE 60700 0 0
PITNEY BOWES INC COM 724479100 3273 68000 SH SOLE 68000 0 0
PITTSTON CO COM MINRLS GRP 725701205 118 20000 SH SOLE 20000 0 0
PITTWAY CORP DEL CL A 725790208 761 10300 SH SOLE 10300 0 0
PIXAR COM 725811103 1087 18000 SH SOLE 18000 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
PLACER DOME INC COM 725906101 786 98400 SH SOLE 98400 0 0
PLATINUM SOFTWARE CORP COM 72764R105 1063 43600 SH SOLE 43600 0 0
PLATINUM TECHNOLOGY INC COM 72764T101 2425 84900 SH SOLE 84900 0 0
PLAYTEX PRODS INC COM 72813P100 818 51300 SH SOLE 51300 0 0
PMC-SIERRA INC COM 69344F106 1322 28200 SH SOLE 28200 0 0
PMI GROUP INC COM 69344M101 1984 27000 SH SOLE 27000 0 0
PMT SERVICES INC COM 693457103 778 30600 SH SOLE 30600 0 0
PNC BK CORP COM 693475105 20047 372100 SH SOLE 372100 0 0
POGO PRODUCING CO COM 730448107 960 38200 SH SOLE 38200 0 0
POLAROID CORP COM 731095105 208 5859 SH SOLE 5859 0 0
POLICY MGMT SYS CORP COM 731108106 290 7400 SH SOLE 7400 0 0
POOL ENERGY SVCS CO COM 732788104 556 37700 SH SOLE 37700 0 0
POPULAR INC COM 733174106 1144 17200 SH SOLE 17200 0 0
POTASH CORP SASK INC COM 73755L107 3571 69500 SH SOLE 69500 0 0
POTLATCH CORP COM 737628107 680 16200 SH SOLE 16200 0 0
PPG INDS INC COM 693506107 13905 199900 SH SOLE 199900 0 0
PRAXAIR INC COM 74005P104 4284 91505 SH SOLE 91505 0 0
PREMARK INTL INC COM 740459102 2609 80900 SH SOLE 80900 0 0
PREMIERE TECHNOLOGIES INC COM 74058F102 459 55300 SH SOLE 55300 0 0
PREMISYS COMMUNICATIONS INC COM 740584107 988 39700 SH SOLE 39700 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 2059 84700 SH SOLE 84700 0 0
PRESIDENTIAL LIFE CORP COM 740884101 1462 68400 SH SOLE 68400 0 0
PRICE ENTERPRISES INC COM NEW 741444202 810 44100 SH SOLE 44100 0 0
PRICE T ROWE & ASSOCIATES COM 741477103 282 7500 SH SOLE 7500 0 0
PRIMARK CORP COM 741903108 430 13800 SH SOLE 13800 0 0
PROCTER & GAMBLE CO COM 742718109 25570 280800 SH SOLE 280800 0 0
PROFFITTS INC COM 742925100 4462 110525 SH SOLE 110525 0 0
PROGRESS SOFTWARE CORP COM 743312100 943 23000 SH SOLE 23000 0 0
PROGRESSIVE CORP OHIO COM 743315103 1255 8900 SH SOLE 8900 0 0
PROMUS HOTEL CORP NEW COM 74342P106 2949 76100 SH SOLE 76100 0 0
PROTECTIVE LIFE CORP COM 743674103 1809 49300 SH SOLE 49300 0 0
PROTEIN DESIGN LABS INC COM 74369L103 467 19400 SH SOLE 19400 0 0
PROVIDENT COS INC COM 743862104 1251 36262 SH SOLE 36262 0 0
PROVIDIAN FINL CORP COM 74406A102 3064 39000 SH SOLE 39000 0 0
PSS WORLD MED INC COM 69366A100 1760 120350 SH SOLE 120350 0 0
PUBLIC STORAGE INC COM 74460D109 6432 229700 SH SOLE 229700 0 0
PUBLIC SVC CO N MEX COM 744499104 2266 99900 SH SOLE 99900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1092 31700 SH SOLE 31700 0 0
PUGET SOUND ENERGY INC COM 745332106 1282 47800 SH SOLE 47800 0 0
PULITZER PUBG CO COM 745771105 1907 21367 SH SOLE 21367 0 0
PULTE CORP COM 745867101 3071 102800 SH SOLE 102800 0 0
QUAKER ST CORP COM 747410108 368 22500 SH SOLE 22500 0 0
QUANEX CORP COM 747620102 524 17300 SH SOLE 17300 0 0
QUANTUM CORP COM 747906105 1133 54600 SH SOLE 54600 0 0
QUESTAR CORP COM 748356102 341 17400 SH SOLE 17400 0 0
QUINENCO S A SPONSORED ADR 748718103 4328 480890 SH SOLE 480890 0 0
QUORUM HEALTH GROUP INC COM 749084109 885 33400 SH SOLE 33400 0 0
R O C TAIWAN FD SH BEN INT 749651105 338 50000 SH SOLE 50000 0 0
RALCORP HLDGS INC NEW COM 751028101 798 42300 SH SOLE 42300 0 0
RANGER OIL LTD COM 752805101 362 72856 SH SOLE 72856 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
RAYMOND JAMES FINANCIAL INC COM 754730109 3399 113525 SH SOLE 113525 0 0
RAYONIER INC COM 754907103 1247 27100 SH SOLE 27100 0 0
RAYTHEON CO CL B 755111408 30414 514400 SH SOLE 514400 0 0
READ-RITE CORP COM 755246105 895 98800 SH SOLE 98800 0 0
RECKSON ASSOCS RLTY CORP COM 75621K106 3204 135600 SH SOLE 135600 0 0
REEBOK INTL LTD COM 758110100 5607 202512 SH SOLE 202512 0 0
RELIANCE GROUP HOLDINGS INC COM 759464100 3505 200300 SH SOLE 200300 0 0
RELIASTAR FINL CORP COM 75952U103 7233 150678 SH SOLE 150678 0 0
RENTERS CHOICE INC COM 760114108 616 21700 SH SOLE 21700 0 0
REPUBLIC N Y CORP COM 760719104 925 14700 SH SOLE 14700 0 0
REXALL SUNDOWN INC COM 761648104 3944 111900 SH SOLE 111900 0 0
REYNOLDS & REYNOLDS CO CL A 761695105 944 51900 SH SOLE 51900 0 0
REYNOLDS METALS CO COM 761763101 1257 22500 SH SOLE 22500 0 0
RICHFOOD HLDGS INC COM 763408101 954 46100 SH SOLE 46100 0 0
RIGHTCHOICE MANAGED CARE INC CL A 76657K101 459 36200 SH SOLE 36200 0 0
RIO ALGOM LTD COM 766889109 136 13700 SH SOLE 13700 0 0
RIO HOTEL & CASINO INC COM 767147101 417 22100 SH SOLE 22100 0 0
RITE AID CORP COM 767754104 2817 75000 SH SOLE 75000 0 0
RJR NABISCO HOLDINGS CORP COM NEW 74960K876 2382 100300 SH SOLE 100300 0 0
RLI CORP COM 749607107 913 22444 SH SOLE 22444 0 0
ROBBINS & MYERS INC COM 770196103 538 18500 SH SOLE 18500 0 0
ROBERTS PHARMACEUTICAL CORP COM 770491108 1040 45200 SH SOLE 45200 0 0
ROCHESTER GAS & ELEC CORP COM 771367109 1814 56800 SH SOLE 56800 0 0
ROCK-TENN CO CL A 772739207 572 45500 SH SOLE 45500 0 0
ROCKWELL INTL CORP NEW COM 773903109 941 19600 SH SOLE 19600 0 0
ROGERS CANTEL MOBILE COMMN CL B RSTRG VTG 775102205 1504 176900 SH SOLE 176900 0 0
ROLLINS TRUCK LEASING CORP COM 775741101 561 44000 SH SOLE 44000 0 0
ROSS STORES INC COM 778296103 2748 63900 SH SOLE 63900 0 0
ROSTELECOM OPEN JT STK LNG DST SPONSORED ADR 778529107 530 39600 SH SOLE 39600 0 0
ROUGE INDS INC DEL CL A 779088103 426 33400 SH SOLE 33400 0 0
ROUSE CO COM 779273101 7306 232400 SH SOLE 232400 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 616 15000 SH SOLE 15000 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 25109 458100 SH SOLE 458100 0 0
RPC INC COM 749660106 425 34000 SH SOLE 34000 0 0
RUBBERMAID INC COM 781088109 6617 200500 SH SOLE 200500 0 0
RUBY TUESDAY INC COM 781182100 918 59200 SH SOLE 59200 0 0
RUDDICK CORP COM 781258108 738 40700 SH SOLE 40700 0 0
RUSSELL CORP COM 782352108 1075 35600 SH SOLE 35600 0 0
RYANS FAMILY STEAK HOUSE INC COM 783519101 603 58800 SH SOLE 58800 0 0
RYLAND GROUP INC COM 783764103 1412 53800 SH SOLE 53800 0 0
SABRE GROUP HLDGS INC CL A 785905100 855 22500 SH SOLE 22500 0 0
SAFECO CORP COM 786429100 11076 244091 SH SOLE 244091 0 0
SAFESKIN CORP COM 786454108 2743 66700 SH SOLE 66700 0 0
SAFEWAY INC COM NEW 786514208 2406 59125 SH SOLE 59125 0 0
SAKS HLDGS INC COM 79377R109 1381 50000 SH SOLE 50000 0 0
SANDISK CORP COM 80004C101 1064 77000 SH SOLE 77000 0 0
SANTA FE ENERGY RES INC COM 802012104 904 84100 SH SOLE 84100 0 0
SARA LEE CORP COM 803111103 38818 693951 SH SOLE 693951 0 0
SBARRO INC COM 805844107 811 29900 SH SOLE 29900 0 0
SBC COMMUNICATIONS INC COM 78387G103 36408 910211 SH SOLE 910211 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
SCANA CORP COM 805898103 6973 233900 SH SOLE 233900 0 0
SCHEIN HENRY INC COM 806407102 982 21300 SH SOLE 21300 0 0
SCHERING PLOUGH CORP COM 806605101 17317 189000 SH SOLE 189000 0 0
SCHLUMBERGER LTD COM 806857108 23155 338955 SH SOLE 338955 0 0
SCHWAB CHARLES CORP NEW COM 808513105 11562 354400 SH SOLE 354400 0 0
SCI SYS INC COM 783890106 1619 42900 SH SOLE 42900 0 0
SCOTTS CO CL A 810186106 447 12000 SH SOLE 12000 0 0
SEABOARD CORP COM 811543107 698 2400 SH SOLE 2400 0 0
SEAGRAM LTD COM 811850106 13884 406923 SH SOLE 406923 0 0
SEARS ROEBUCK & CO COM 812387108 3517 57600 SH SOLE 57600 0 0
SECURITY CAP GROUP INC WT EXP 091898 81413P113 15 43387 SH SOLE 43387 0 0
SEI INVESTMENTS CO COM 784117103 2852 46000 SH SOLE 46000 0 0
SELECTIVE INS GROUP INC COM 816300107 968 43200 SH SOLE 43200 0 0
SEQUA CORPORATION CL A 817320104 1448 21700 SH SOLE 21700 0 0
SERVICE MERCHANDISE INC COM 817587108 403 258300 SH SOLE 258300 0 0
SHARED MED SYS CORP COM 819486101 602 8200 SH SOLE 8200 0 0
SHAW INDS INC COM 820286102 2464 139800 SH SOLE 139800 0 0
SHOPKO STORES INC COM 824911101 2060 60600 SH SOLE 60600 0 0
SHOREWOOD PACKAGING CORP COM 825229107 1013 63800 SH SOLE 63800 0 0
SHOWBIZ PIZZA TIME COM NEW 825388309 722 17900 SH SOLE 17900 0 0
SIERRA HEALTH SVCS INC COM 826322109 732 29050 SH SOLE 29050 0 0
SIERRA PAC RES COM 826425100 842 23200 SH SOLE 23200 0 0
SILICON GRAPHICS INC COM 827056102 1323 109100 SH SOLE 109100 0 0
SILICON VY GROUP INC COM 827066101 975 60700 SH SOLE 60700 0 0
SILICONIX INC COM NEW 827079203 301 12300 SH SOLE 12300 0 0
SIMON DEBARTOLO GROUP INC COM 828781104 7881 242500 SH SOLE 242500 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 2015 362251 SH SOLE 362251 0 0
SKYTEL COMMUNICATIONS INC COM 83087Q104 2504 107000 SH SOLE 107000 0 0
SKYWEST INC COM 830879102 1170 41800 SH SOLE 41800 0 0
SL GREEN RLTY CORP COM 78440X101 1985 88200 SH SOLE 88200 0 0
SLI INC COM 78442T108 903 34550 SH SOLE 34550 0 0
SLM HLDG CORP COM 78442A109 399 8150 SH SOLE 8150 0 0
SMITH A O COM 831865209 1158 22400 SH SOLE 22400 0 0
SMITH CHARLES E RESDNTL RLTY COM 832197107 1731 54100 SH SOLE 54100 0 0
SMITHFIELD FOODS INC COM 832248108 2065 67700 SH SOLE 67700 0 0
SOCIEDAD QUIMICA MINERA DE CHI SPON ADR SER B 833635105 1106 33000 SH SOLE 33000 0 0
SOFAMOR/DANEK GROUP INC COM 834005100 3462 40000 SH SOLE 40000 0 0
SONIC CORP COM 835451105 719 32150 SH SOLE 32150 0 0
SONOCO PRODS CO COM 835495102 7350 242970 SH SOLE 242970 0 0
SOUTHDOWN INC COM 841297104 2027 28400 SH SOLE 28400 0 0
SOUTHERN CO COM 842587107 772 27900 SH SOLE 27900 0 0
SOUTHERN NEW ENGLAND TELECOM COM 843485103 9006 137500 SH SOLE 137500 0 0
SOUTHLAND CORP COM NEW 844436402 629 228800 SH SOLE 228800 0 0
SOUTHWEST AIRLS CO COM 844741108 287 9700 SH SOLE 9700 0 0
SOUTHWEST GAS CORP COM 844895102 621 25400 SH SOLE 25400 0 0
SOVEREIGN BANCORP INC COM 845905108 1182 72296 SH SOLE 72296 0 0
SPACELABS MED INC COM 846247104 596 35600 SH SOLE 35600 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 642 25100 SH SOLE 25100 0 0
SPELLING ENTMT GROUP INC COM 847807104 493 52600 SH SOLE 52600 0 0
SPIEGEL INC CL A 848457107 543 75600 SH SOLE 75600 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
SPIEKER PPTYS INC COM 848497103 9261 239000 SH SOLE 239000 0 0
SPRINGS INDS INC CL A 851783100 1333 28900 SH SOLE 28900 0 0
SPRINT CORP COM 852061100 32564 461900 SH SOLE 461900 0 0
SPS TECHNOLOGIES INC COM 784626103 661 11300 SH SOLE 11300 0 0
SPS TRANSACTION SVCS INC COM 784627101 552 17600 SH SOLE 17600 0 0
ST JOHN KNITS INC COM 790289102 800 20700 SH SOLE 20700 0 0
ST PAUL COS INC COM 792860108 20257 481602 SH SOLE 481602 0 0
STANDARD PAC CORP NEW COM 85375C101 2626 127300 SH SOLE 127300 0 0
STANDEX INTL CORP COM 854231107 830 28000 SH SOLE 28000 0 0
STARRETT L S CO CL A 855668109 683 17300 SH SOLE 17300 0 0
STARWOOD HOTELS & RESORTS COMBND CTF NEW 855905204 35171 728001 SH SOLE 728001 0 0
STATE STR CORP COM 857477103 6373 91700 SH SOLE 91700 0 0
STATION CASINOS INC COM 857689103 1604 109200 SH SOLE 109200 0 0
STEIN MART INC COM 858375108 691 51200 SH SOLE 51200 0 0
STEPAN CO COM 858586100 859 28800 SH SOLE 28800 0 0
STERIS CORP COM 859152100 1253 19700 SH SOLE 19700 0 0
STERLING SOFTWARE INC COM 859547101 5454 184500 SH SOLE 184500 0 0
STEWART & STEVENSON SVCS INC COM 860342104 1037 57600 SH SOLE 57600 0 0
STONE & WEBSTER INC COM 861572105 309 7800 SH SOLE 7800 0 0
STONE CONTAINER CORP COM 861589109 1184 75800 SH SOLE 75800 0 0
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 13790 315200 SH SOLE 315200 0 0
STRATUS COMPUTER INC COM 863155107 830 32800 SH SOLE 32800 0 0
STUDENT LN CORP COM 863902102 701 14900 SH SOLE 14900 0 0
SUMITOMO BANK CALIF COM 865593107 328 8700 SH SOLE 8700 0 0
SUMMIT BANCORP COM 866005101 6636 139700 SH SOLE 139700 0 0
SUMMIT PPTYS INC COM 866239106 2367 125000 SH SOLE 125000 0 0
SUN HEALTHCARE GROUP INC COM 866933104 1035 70800 SH SOLE 70800 0 0
SUN INC COM 866762107 1432 36900 SH SOLE 36900 0 0
SUNCOR ENERGY INC COM 867229106 352 14900 SH SOLE 14900 0 0
SUNDSTRAND CORP COM 867323107 458 8000 SH SOLE 8000 0 0
SUNGLASS HUT INTL INC COM 86736F106 564 51000 SH SOLE 51000 0 0
SUNRISE MED INC COM 867910101 605 40300 SH SOLE 40300 0 0
SUNSHINE MNG & REFINING CO COM 867833105 726 775300 SH SOLE 775300 0 0
SUNSTONE HOTEL INVS INC COM 867933103 2985 224200 SH SOLE 224200 0 0
SUPER SOL LTD SPONSORED ADR 868511205 2275 137900 SH SOLE 137900 0 0
SUPERIOR INDS INTL INC COM 868168105 1071 38000 SH SOLE 38000 0 0
SUPERVALU INC COM 868536103 7739 174400 SH SOLE 174400 0 0
SYBASE INC COM 871130100 785 112700 SH SOLE 112700 0 0
SYBRON INTL CORP COM 87114F106 856 33900 SH SOLE 33900 0 0
SYMANTEC CORP COM 871503108 1236 47300 SH SOLE 47300 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 1276 33800 SH SOLE 33800 0 0
SYNOPSYS INC COM 871607107 2329 50900 SH SOLE 50900 0 0
SYSCO CORP COM 871829107 12620 492500 SH SOLE 492500 0 0
SYSTEM SOFTWARE ASSOC INC COM 871839106 688 96500 SH SOLE 96500 0 0
SYSTEMS & COMPUTER TECHNOLOGY COM 871873105 1377 51000 SH SOLE 51000 0 0
TADIRAN LTD SPONSORED ADR 873593107 2372 71600 SH SOLE 71600 0 0
TAIWAN FD INC COM 874036106 453 33700 SH SOLE 33700 0 0
TALBOTS INC COM 874161102 372 14200 SH SOLE 14200 0 0
TANDY CORP COM 875382103 16794 316500 SH SOLE 316500 0 0
TCI MUSIC INC CL A 87229N101 732 93700 SH SOLE 93700 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
TECH DATA CORP COM 878237106 1655 38600 SH SOLE 38600 0 0
TECH SYM CORP COM 878308105 409 14700 SH SOLE 14700 0 0
TECUMSEH PRODS CO CL B 878895101 2181 38100 SH SOLE 38100 0 0
TEKELEC COM 879101103 1897 42400 SH SOLE 42400 0 0
TEKTRONIX INC COM 879131100 822 23250 SH SOLE 23250 0 0
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287100 3837 35200 SH SOLE 35200 0 0
TELEFLEX INC COM 879369106 608 16000 SH SOLE 16000 0 0
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 7255 150950 SH SOLE 150950 0 0
TELLABS INC COM 879664100 430 6000 SH SOLE 6000 0 0
TELXON CORP COM 879700102 1123 34700 SH SOLE 34700 0 0
TEMPLE INLAND INC COM 879868107 686 12725 SH SOLE 12725 0 0
TENET HEALTHCARE CORP COM 88033G100 2044 65400 SH SOLE 65400 0 0
TENNANT CO COM 880345103 903 20400 SH SOLE 20400 0 0
TENNECO INC NEW COM 88037E101 1903 50000 SH SOLE 50000 0 0
TEREX CORP NEW COM 880779103 901 31600 SH SOLE 31600 0 0
TERRA INDS INC COM 880915103 1016 112900 SH SOLE 112900 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 6935 197100 SH SOLE 197100 0 0
TEXACO INC COM 881694103 26193 438836 SH SOLE 438836 0 0
TEXAS INDS INC COM 882491103 1924 36300 SH SOLE 36300 0 0
TEXAS INSTRS INC COM 882508104 9224 158175 SH SOLE 158175 0 0
TEXAS UTILS CO COM 882848104 6310 151600 SH SOLE 151600 0 0
TEXTRON INC COM 883203101 4710 65700 SH SOLE 65700 0 0
THOMAS & BETTS CORP COM 884315102 660 13400 SH SOLE 13400 0 0
TIG HLDGS INC COM 872469101 4828 209900 SH SOLE 209900 0 0
TIMKEN CO COM 887389104 1835 59200 SH SOLE 59200 0 0
TJ INTL INC COM 872534102 1021 33900 SH SOLE 33900 0 0
TJX COS INC NEW COM 872540109 290 12000 SH SOLE 12000 0 0
TNP ENTERPRISES INC COM 872594106 1093 35400 SH SOLE 35400 0 0
TOLL BROTHERS INC COM 889478103 1391 48500 SH SOLE 48500 0 0
TOOTSIE ROLL INDS INC COM 890516107 3784 49302 SH SOLE 49302 0 0
TORCHMARK CORP COM 891027104 22100 483052 SH SOLE 483052 0 0
TORO CO COM 891092108 428 12500 SH SOLE 12500 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 462 15000 SH SOLE 15000 0 0
TOSCO CORP COM NEW 891490302 1493 50600 SH SOLE 50600 0 0
TOTAL RENAL CARE HLDGS INC COM 89151A107 2647 76725 SH SOLE 76725 0 0
TOYS R US INC COM 892335100 8891 379367 SH SOLE 379367 0 0
TRANS WORLD AIRLS INC COM PAR$.01NEW 893349837 814 78500 SH SOLE 78500 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 1604 37200 SH SOLE 37200 0 0
TRANSACTION SYS ARCHITECTS CL A 893416107 936 24300 SH SOLE 24300 0 0
TRANSAMERICA CORP COM 893485102 13231 114927 SH SOLE 114927 0 0
TRANSATLANTIC HLDGS INC COM 893521104 6154 79600 SH SOLE 79600 0 0
TRANSCANADA PIPELINES LTD COM 893526103 6430 413178 SH SOLE 413178 0 0
TRAVELERS GROUP INC COM 894190107 27018 445665 SH SOLE 445665 0 0
TREDEGAR INDS INC COM 894650100 1566 18450 SH SOLE 18450 0 0
TRENWICK GROUP INC COM 895290104 487 12550 SH SOLE 12550 0 0
TRIARC COS INC CL A 895927101 548 25000 SH SOLE 25000 0 0
TRIMBLE NAVIGATION LTD COM 896239100 644 39800 SH SOLE 39800 0 0
TRINITY INDS INC COM 896522109 4631 111600 SH SOLE 111600 0 0
TRIZEC HAHN CORP SUB VTG 896938107 11529 577402 SH SOLE 577402 0 0
TRUST CO NJ JERSEY CITY NEW COM 898304100 1156 42800 SH SOLE 42800 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
TRUSTMARK CORP COM 898402102 1049 47800 SH SOLE 47800 0 0
TUBOSCOPE INC COM 898600101 407 20600 SH SOLE 20600 0 0
TUPPERWARE CORP COM 899896104 838 29800 SH SOLE 29800 0 0
TV AZTECA S A DE C V SPONSORED ADR 901145102 108 10000 SH SOLE 10000 0 0
TVX GOLD INC COM 87308K101 131 61600 SH SOLE 61600 0 0
TYCO INTL LTD NEW COM 902124106 403 6400 SH SOLE 6400 0 0
TYSON FOODS INC CL A 902494103 386 17800 SH SOLE 17800 0 0
U S G CORP COM NEW 903293405 2793 51600 SH SOLE 51600 0 0
U S INDS INC NEW COM 912080108 2580 104260 SH SOLE 104260 0 0
U S WEST INC NEW COM 91273H101 35591 760303 SH SOLE 760303 0 0
UAL CORP COM PAR $0.01 902549500 7028 90100 SH SOLE 90100 0 0
UGI CORP NEW COM 902681105 560 22500 SH SOLE 22500 0 0
UICI COM 902737105 1447 53100 SH SOLE 53100 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 2016 63867 SH SOLE 63867 0 0
ULTRATECH STEPPER INC COM 904034105 614 31100 SH SOLE 31100 0 0
UMB FINL CORP COM 902788108 827 16710 SH SOLE 16710 0 0
UNICOM CORP COM 904911104 3454 98500 SH SOLE 98500 0 0
UNIFI INC COM 904677101 1106 32300 SH SOLE 32300 0 0
UNILEVER N V NEW YORK SHS 904784501 30430 385500 SH SOLE 385500 0 0
UNION CARBIDE CORP COM 905581104 18311 343063 SH SOLE 343063 0 0
UNION PAC RES GROUP INC COM 907834105 11598 660414 SH SOLE 660414 0 0
UNISOURCE ENERGY CORP COM 909205106 568 36040 SH SOLE 36040 0 0
UNISYS CORP COM 909214108 23159 819800 SH SOLE 819800 0 0
UNITED COS FINL CORP COM 909870107 716 45800 SH SOLE 45800 0 0
UNITED DOMINION INDS LTD COM 909914103 3264 143800 SH SOLE 143800 0 0
UNITED DOMINION REALTY TR INC COM 910197102 1734 125000 SH SOLE 125000 0 0
UNITED HEALTHCARE CORP COM 910581107 1140 17900 SH SOLE 17900 0 0
UNITED ILLUM CO COM 910637107 1235 24400 SH SOLE 24400 0 0
UNITED INTL HLDGS INC CL A 910734102 1005 62800 SH SOLE 62800 0 0
UNITED STATES SURGICAL CORP COM 912707106 4596 101279 SH SOLE 101279 0 0
UNITED STATIONERS INC COM 913004107 1761 27200 SH SOLE 27200 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2405 26000 SH SOLE 26000 0 0
UNITED VIDEO SATELLITE GROUP CL A 913155107 2805 70800 SH SOLE 70800 0 0
UNITED WTR RES INC COM 913190104 372 20648 SH SOLE 20648 0 0
UNIVERSAL CORP VA COM 913456109 1947 52100 SH SOLE 52100 0 0
UNIVERSAL FOODS CORP COM 913538104 2548 114850 SH SOLE 114850 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 1039 17800 SH SOLE 17800 0 0
UNOCAL CORP COM 915289102 9715 271735 SH SOLE 271735 0 0
URBAN SHOPPING CTRS INC COM 917060105 2596 82400 SH SOLE 82400 0 0
US AIRWAYS GROUP INC COM 911905107 31969 403400 SH SOLE 403400 0 0
US BANCORP DEL COM 902973106 13201 307000 SH SOLE 307000 0 0
USFREIGHTWAYS CORP COM 916906100 1705 51900 SH SOLE 51900 0 0
UST INC COM 902911106 440 16300 SH SOLE 16300 0 0
USX MARATHON GROUP COM NEW 902905827 26304 766600 SH SOLE 766600 0 0
USX-U S STL COM 90337T101 7755 235000 SH SOLE 235000 0 0
UTILICORP UTD INC COM 918005109 2077 55100 SH SOLE 55100 0 0
V F CORP COM 918204108 17750 343000 SH SOLE 343000 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 1246 32300 SH SOLE 32300 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1722 51800 SH SOLE 51800 0 0
VALHI INC NEW COM 918905100 1268 120800 SH SOLE 120800 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
VALSPAR CORP COM 920355104 441 11100 SH SOLE 11100 0 0
VALUE CITY DEPT STORES INC COM 920387107 1300 61900 SH SOLE 61900 0 0
VALUE LINE INC COM 920437100 1243 32500 SH SOLE 32500 0 0
VARCO INTL INC COM 922126107 1732 87400 SH SOLE 87400 0 0
VARIAN ASSOC INC COM 922204102 644 16500 SH SOLE 16500 0 0
VASTAR RES INC COM 922380100 4867 111400 SH SOLE 111400 0 0
VEECO INSTRS INC DEL COM 922417100 644 25900 SH SOLE 25900 0 0
VENCOR INC NEW COM 92260R102 1097 151347 SH SOLE 151347 0 0
VERITAS DGC INC COM 92343P107 1054 21100 SH SOLE 21100 0 0
VESTA INS GROUP INC COM 925391104 897 42100 SH SOLE 42100 0 0
VIACOM INC CL B 925524308 10472 179779 SH SOLE 179779 0 0
VIAD CORP COM 92552R109 2251 81100 SH SOLE 81100 0 0
VIASOFT INC COM 92552U102 452 27900 SH SOLE 27900 0 0
VIKING OFFICE PRODS COM 926913104 2290 73000 SH SOLE 73000 0 0
VINA CONCHA Y TORO S A SPONSORED ADR 927191106 294 10300 SH SOLE 10300 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 893 49799 SH SOLE 49799 0 0
VISIO CORP COM 927914101 1972 41300 SH SOLE 41300 0 0
VISX INC DEL COM 92844S105 821 13800 SH SOLE 13800 0 0
VITRO SOCIEDAD ANONIMA SPONSORED ADR 928502301 10451 1639400 SH SOLE 1639400 0 0
VOLT INFORMATION SCIENCES INC COM 928703107 810 29850 SH SOLE 29850 0 0
VORNADO RLTY TR SH BEN INT 929042109 18026 454216 SH SOLE 454216 0 0
VULCAN MATLS CO COM 929160109 4449 41700 SH SOLE 41700 0 0
VWR SCIENTIFIC PRODS CORP COM 918435108 899 36500 SH SOLE 36500 0 0
WABASH NATL CORP COM 929566107 1741 67600 SH SOLE 67600 0 0
WAL MART STORES INC COM 931142103 120728 1987300 SH SOLE 1987300 0 0
WALDEN RESIDENTIAL PPTYS INC COM 931210108 2301 93900 SH SOLE 93900 0 0
WALLACE COMPUTER SERVICES INC COM 932270101 886 37300 SH SOLE 37300 0 0
WARNACO GROUP INC CL A 934390105 1630 38400 SH SOLE 38400 0 0
WARNER LAMBERT CO COM 934488107 7446 107336 SH SOLE 107336 0 0
WASHINGTON FED INC COM 938824109 1197 43324 SH SOLE 43324 0 0
WASHINGTON GAS LT CO COM 938837101 661 24700 SH SOLE 24700 0 0
WASHINGTON MUT INC COM 939322103 11282 259740 SH SOLE 259740 0 0
WASHINGTON POST CO CL B 939640108 4400 7600 SH SOLE 7600 0 0
WASHINGTON WTR PWR CO COM 940688104 494 22000 SH SOLE 22000 0 0
WASTE MGMT INC NEW COM 94106K101 8096 231300 SH SOLE 231300 0 0
WASTE MGMT INTL PLC SPONSORED ADR 940906100 1094 100000 SH SOLE 100000 0 0
WATKINS JOHNSON CO COM 942486101 629 24200 SH SOLE 24200 0 0
WATSON PHARMACEUTICALS INC COM 942683103 15897 340500 SH SOLE 340500 0 0
WATTS INDS INC CL A 942749102 576 27600 SH SOLE 27600 0 0
WAUSAU-MOSINEE PAPER CORP COM 943315101 769 33600 SH SOLE 33600 0 0
WEBB DEL CORP COM 947423109 726 28000 SH SOLE 28000 0 0
WEEKS CORP COM 94856P102 1832 57800 SH SOLE 57800 0 0
WEIS MKTS INC COM 948849104 860 23400 SH SOLE 23400 0 0
WELLMAN INC COM 949702104 1838 81000 SH SOLE 81000 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 13290 179600 SH SOLE 179600 0 0
WELLS FARGO & CO DEL COM 949740104 406 1100 SH SOLE 1100 0 0
WENDYS INTL INC COM 950590109 1854 78900 SH SOLE 78900 0 0
WESCO FINL CORP COM 950817106 2659 6800 SH SOLE 6800 0 0
WEST INC COM 953348109 382 13500 SH SOLE 13500 0 0
WESTCOAST ENERGY INC COM 95751D102 5367 330200 SH SOLE 330200 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
WESTERN DIGITAL CORP COM 958102105 647 54800 SH SOLE 54800 0 0
WESTERN GAS RES INC COM 958259103 825 56400 SH SOLE 56400 0 0
WESTERN RES INC COM 959425109 1576 40600 SH SOLE 40600 0 0
WESTFIELD AMER INC COM 959910100 3793 206400 SH SOLE 206400 0 0
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 858 32700 SH SOLE 32700 0 0
WESTPOINT STEVENS INC COM 961238102 2409 73000 SH SOLE 73000 0 0
WESTVACO CORP COM 961548104 5359 189700 SH SOLE 189700 0 0
WEYERHAEUSER CO COM 962166104 938 20300 SH SOLE 20300 0 0
WHIRLPOOL CORP COM 963320106 9451 137471 SH SOLE 137471 0 0
WHITMAN CORP COM 96647K102 4567 199100 SH SOLE 199100 0 0
WHOLE FOODS MKT INC COM 966837106 2136 35300 SH SOLE 35300 0 0
WILEY JOHN & SONS INC CL A 968223206 627 10300 SH SOLE 10300 0 0
WILLAMETTE INDS INC COM 969133107 3728 116500 SH SOLE 116500 0 0
WILLIAMS COS INC DEL COM 969457100 1081 32031 SH SOLE 32031 0 0
WILLIAMS SONOMA INC COM 969904101 811 25500 SH SOLE 25500 0 0
WILMINGTON TRUST CORP COM 971807102 1558 25600 SH SOLE 25600 0 0
WINN DIXIE STORES INC COM 974280109 6171 121000 SH SOLE 121000 0 0
WINSTAR COMMUNICATIONS INC COM 975515107 734 17100 SH SOLE 17100 0 0
WISCONSIN CENT TRANSN CORP COM 976592105 691 31600 SH SOLE 31600 0 0
WISCONSIN ENERGY CORP COM 976657106 14048 462500 SH SOLE 462500 0 0
WORLDCOM INC GA COM 98155K102 1453 30000 SH SOLE 30000 0 0
WRIGLEY WM JR CO COM 982526105 15357 156700 SH SOLE 156700 0 0
XEROX CORP COM 984121103 33653 331152 SH SOLE 331152 0 0
XTRA CORP COM 984138107 1016 16800 SH SOLE 16800 0 0
XYLAN CORP COM 984151100 1833 61500 SH SOLE 61500 0 0
YELLOW CORP COM 985509108 659 35500 SH SOLE 35500 0 0
YORK INTL CORP NEW COM 986670107 1599 36700 SH SOLE 36700 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 9599 319300 SH SOLE 319300 0 0
ZALE CORP NEW COM 988858106 776 24400 SH SOLE 24400 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 1748 40900 SH SOLE 40900 0 0
REPORT SUMMARY 1330 DATA RECORDS 6246156 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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