UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/99
Check here if Amendment [ ]; Amendment Number: ______
This Amendment (check only one): [ ] is a restatement
[ ] adds new holding entries
Institutional Investment Manager Filing this Report:
Name: Lutheran Brotherhood
Address: 625 Fourth Avenue South
Minneapolis, MN 55415
Form 13F File Number: 28-1589
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, and all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Wade M. Voigt
Title: Assistant Vice President
Phone: (612) 340-8186
Signature, Place, and Date of Signing:
/s/ Wade M. Voigt Minneapolis, Minnesota 10/27/99
------------------------- ---------------------- -------
[Signature] [City, State] [Date]
Report Type (check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Manager: None
Form 13F Information Table Entry Total: 865
Form 13F Information Table Value Total: $5,201,505
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
<PAGE>
<TABLE>
<S> <C> <C>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ADC TELECOMMUNICATIONS INC. COM 000886101 14261.43 340060 SH SOLE 340060
ADT OPERATIONS, INC. LYON ZERO CPN 10 000945AC9 8689.30 3100000 PRN SOLE 0
AFLAC INC. COM 001055102 731.13 17460 SH SOLE 17460
AGCO CORP. COM 001084102 7421.70 570900 SH SOLE 570900
AES (THE) CORP. COM 00130H105 394.12 6680 SH SOLE 6680
AMFM INC. COM 001693100 23808.21 391100 SH SOLE 391100
AMR CORP. COM 001765106 474.15 8700 SH SOLE 8700
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 28573.71 656867 SH SOLE 656867
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 33468.03 901496 SH SOLE 901496
AT&T CANADA INC. DEPS RCPT CL B 00207Q202 942.19 15000 SH SOLE 15000
ATMI, INC. COM 00207R101 1492.52 40000 SH SOLE 40000
AVT CORP. COM 002420107 1375.06 44900 SH SOLE 44900
ABACUS DIRECT CORP. COM 002553105 767.81 6300 SH SOLE 6300
ABBOTT LABORATORIES COM 002824100 2590.87 70500 SH SOLE 70500
ABERCROMBIE & FITCH COMPANY CL A 002896207 9525.37 279640 SH SOLE 279640
ACNIELSEN CORP. COM 004833109 1635.80 72100 SH SOLE 72100
ACTIVISION, INC. COM NEW 004930202 1085.70 61600 SH SOLE 61600
ACXIOM CORP. COM 005125109 1253.85 63790 SH SOLE 63790
ADAPTEC INC. COM 00651F108 961.64 24230 SH SOLE 24230
ADELPHIA COMMUNICATIONS CORP. CL A 006848105 11445.00 194600 SH SOLE 194600
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 006848402 2643.75 15000 SH SOLE 15000
ADVANCE PARADIGM, INC. COM 007491103 323.02 5900 SH SOLE 5900
AEROFLEX INC. COM 007768104 374.17 30700 SH SOLE 30700
AETNA INC. COM 008117103 329.97 6700 SH SOLE 6700
AFFILIATED COMPUTER SERVICES CL A 008190100 2327.81 57300 SH SOLE 57300
AFFILIATED MANGERS GROUP, INC. COM 008252108 1752.17 64300 SH SOLE 64300
AIR PRODUCTS AND CHEMICALS INC COM 009158106 331.31 11400 SH SOLE 11400
ALASKA AIR GROUP COM 011659109 8271.87 203300 SH SOLE 203300
ALBERTSON'S INC. COM 013104104 764.63 19327 SH SOLE 19327
ALCOA INC. COM 013817101 1073.68 17300 SH SOLE 17300
ALKERMES, INC. COM 01642T108 916.25 31800 SH SOLE 31800
ALLERGAN, INC. COM 018490102 451.00 4100 SH SOLE 4100
ALLIED-SIGNAL INC. COM 019512102 12461.11 207900 SH SOLE 207900
ALLMERICA FINANCIAL CORP. COM 019754100 550.06 11550 SH SOLE 11550
ALLSTATE CORP. COM 020002101 967.59 38800 SH SOLE 38800
ALLTEL CORP. COM 020039103 17706.35 251600 SH SOLE 251600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ALPHA INDUSTRIES, INC. COM 020753109 530.21 9400 SH SOLE 9400
ALPHARMA INC. CLA 020813101 483.78 13700 SH SOLE 13700
ALTERA CORP. COM 021441100 14227.00 328000 SH SOLE 328000
ALZA CORP. SUB LYON ZERO 14 022615AC2 1680.00 3000000 PRN SOLE 0
ALZA CORP. SUB DB CONV 5%06 022615AD0 8100.00 6750000 PRN SOLE 0
AMAZON.COM, INC. COM 023135106 21492.62 269500 SH SOLE 269500
AMBAC INC. COM 023139108 255.82 5400 SH SOLE 5400
AMERICA ONLINE, INC. COM 02364J104 49142.08 472520 SH SOLE 472520
AMERICAN ELECTRIC POWER CO. COM 025537101 307.12 9000 SH SOLE 9000
AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 12143.40 250700 SH SOLE 250700
AMERICAN EXPRESS CO. COM 025816109 35190.97 261400 SH SOLE 261400
AMERICAN GENERAL CORP. COM 026351106 746.35 11800 SH SOLE 11800
AMERICAN GENERAL DELAWARE MIPS SERA 02637G200 5600.00 70000 SH SOLE 70000
AMERICAN HOME PRODUCTS CORP. COM 026609107 19397.10 467400 SH SOLE 467400
AMERICAN INT'L GROUP INC. COM 026874107 44401.41 510725 SH SOLE 510725
AMERICAN ITALIAN PASTA CO. CL A 027070101 483.76 16900 SH SOLE 16900
AMERICAN MANAGEMENT SYS INC. COM 027352103 880.00 34300 SH SOLE 34300
AMERICAN POWER CONVERSION CORP COM 029066107 1559.14 82060 SH SOLE 82060
AMERICAN TOWER CORP. CL A 029912201 1842.83 94200 SH SOLE 94200
AMERICREDIT CORP. COM 03060R101 1711.89 114600 SH SOLE 114600
AMERISOURCE HEALTH CORP. CL A 03071P102 1520.76 64200 SH SOLE 64200
AMERITECH CORP. COM 030954101 19155.29 285100 SH SOLE 285100
AMGEN INC. COM 031162100 34621.20 424800 SH SOLE 424800
AMPHENOL CORP. CLA 032095101 475.80 9600 SH SOLE 9600
AMSOUTH BANCORPORATION COM 032165102 5833.71 248900 SH SOLE 248900
ANADARKO PETROLEUM CORP. COM 032511107 550.13 18000 SH SOLE 18000
ANALOG DEVICES, INC. COM 032654105 14206.50 277200 SH SOLE 277200
ANDREW CORPORATION COM 034425108 715.85 41200 SH SOLE 41200
ANNTAYLOR STORES INC. COM 036115103 666.26 16300 SH SOLE 16300
ANTEC CORP. COM 03664P105 13036.87 245400 SH SOLE 245400
AON CORP. COM 037389103 354.75 12000 SH SOLE 12000
APACHE CORP. COM 037411105 449.15 10400 SH SOLE 10400
APACHE CORP. ACES C DP 1/50 037411600 3000.00 75000 SH SOLE 75000
APARTMENT INVT & MGMT COMPANY CL A 03748R101 1778.62 46500 SH SOLE 46500
APOLLO GROUP, INC. CL A 037604105 1155.85 54715 SH SOLE 54715
APPLEBEES INT'L INC. COM 037899101 1681.03 49900 SH SOLE 49900
APPLIED MATERIALS INC. COM 038222105 20301.23 260690 SH SOLE 260690
APPLIED MICRO CIRCUITS CORP. COM 03822W109 319.20 5600 SH SOLE 5600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
APPLIEDTHEORY CORP. COM 03828R104 2122.06 178700 SH SOLE 178700
ARCH COMMUNICATIONS GROUP INC. COM 039381504 233.33 58333 SH SOLE 58333
ARCHER-DANIELS-MIDLAND CO. COM 039483102 355.20 29295 SH SOLE 29295
ARDENT SOFTWARE, INC. COM 039794102 1193.35 44300 SH SOLE 44300
ARROW ELECTRONICS INC. COM 042735100 5682.30 322400 SH SOLE 322400
ARTESYN TECHNOLOGIES, INC. COM 043127109 493.19 26000 SH SOLE 26000
ASSOCIATED BANC-CORP. COM 045487105 600.72 16600 SH SOLE 16600
EXCITE AT HOME CORPORATION COM SER A 045919107 8830.43 213100 SH SOLE 213100
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 14194.80 394300 SH SOLE 394300
ASYST TECHNOLOGIES, INC. COM 04648X107 693.00 21000 SH SOLE 21000
ATLANTIC RICHFIELD CO. COM 048825103 1355.96 15300 SH SOLE 15300
ATMEL CORPORATION COM 049513104 547.77 16200 SH SOLE 16200
AUTOMATIC DATA PROCESSING INC. COM 053015103 1303.05 29200 SH SOLE 29200
AUTOMATIC DATA PROCESSING INC. LYON SUB ZERO 12 053015AC7 4604.00 4000000 PRN SOLE 0
AVERY DENNISON CORP. COM 053611109 290.12 5500 SH SOLE 5500
AVIS RENT A CAR, INC. COM 053790101 636.68 30500 SH SOLE 30500
AVON PRODUCTS INC. COM 054303102 310.16 12500 SH SOLE 12500
AWARE, INC. COM 05453N100 206.55 7200 SH SOLE 7200
BB&T CORPORATION COM 054937107 440.30 13600 SH SOLE 13600
BISYS (THE) GROUP, INC. COM 055472104 2335.91 49800 SH SOLE 49800
BJ SERVICES COMPANY COM 055482103 1792.98 56360 SH SOLE 56360
BJ'S WHOLESALE CLUB, INC. COM 05548J106 1075.50 36380 SH SOLE 36380
BMC SOFTWARE, INC. COM 055921100 22812.85 318780 SH SOLE 318780
BANK OF AMERICA CORP. COM 060505104 16402.62 294545 SH SOLE 294545
BANK OF NEW YORK CO. COM 064057102 15558.70 465300 SH SOLE 465300
BANK ONE CORP. COM 06423A103 1883.38 54100 SH SOLE 54100
BANK UNITED CORP. COM 065412108 3671.32 113400 SH SOLE 113400
BANKBOSTON CORP. COM 06605R106 11993.18 276500 SH SOLE 276500
BARD (C.R.) INC. COM 067383109 5045.15 107200 SH SOLE 107200
BARNES & NOBLE, INC. COM 067774109 858.00 33000 SH SOLE 33000
BARR LABORATORIES, INC. COM 068306109 368.30 11600 SH SOLE 11600
BARRETT RESOURCES CORP. COM PAR $0.01 068480201 524.51 14200 SH SOLE 14200
BAXTER INTERNATIONAL INC. COM 071813109 16876.02 280100 SH SOLE 280100
BEAR STEARNS COMPANIES INC. COM 073902108 538.51 14010 SH SOLE 14010
BECTON, DICKINSON AND COMPANY COM 075887109 8828.61 314600 SH SOLE 314600
BED, BATH & BEYOND INC. COM 075896100 1313.66 37600 SH SOLE 37600
BELL & HOWELL CO. COM 077852101 2524.13 68800 SH SOLE 68800
BELL ATLANTIC CORP. COM 077853109 16868.63 250600 SH SOLE 250600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BELLSOUTH CORP. COM 079860102 4063.50 90300 SH SOLE 90300
BEN AND JERRY'S HOMEMADE INC. CLA 081465106 290.47 16900 SH SOLE 16900
BENCHMARK ELECTRONICS INC. COM 08160H101 960.51 27200 SH SOLE 27200
BEST BUY CO. INC. COM 086516101 16707.35 269200 SH SOLE 269200
BESTFOODS COM 08658U101 660.45 13600 SH SOLE 13600
BEYOND.COM CORP. COM 08860E101 924.87 75500 SH SOLE 75500
BIOGEN, INC. COM 090597105 22989.75 291700 SH SOLE 291700
BIOMET INC. COM 090613100 261.28 9930 SH SOLE 9930
BLACK & DECKER CORP. COM 091797100 15198.57 332660 SH SOLE 332660
BLACK BOX CORP. COM 091826107 1811.25 34500 SH SOLE 34500
E.W. BLANCH HOLDINGS INC. COM 093210102 1178.76 18100 SH SOLE 18100
BLOCK (H&R) INC. COM 093671105 2171.90 50000 SH SOLE 50000
BLYTH INDUSTRIES, INC. COM 09643P108 1593.97 56800 SH SOLE 56800
BOEING COMPANY COM 097023105 13264.90 311200 SH SOLE 311200
BORDERS GROUP INC. COM 099709107 502.32 34200 SH SOLE 34200
BORG-WARNER AUTOMOTIVE, INC. COM 099724106 407.64 9480 SH SOLE 9480
BOSTON SCIENTIFIC CORP. COM 101137107 457.87 18500 SH SOLE 18500
BOWATER INC. COM 102183100 624.22 11890 SH SOLE 11890
BRAUN CONSULTING, INC. COM 105651103 4056.50 244000 SH SOLE 244000
BRIGHT HORIZON FAMILY SOLUTION COM 109195107 829.68 53100 SH SOLE 53100
BRINKER INTERNATIONAL INC. COM 109641100 1505.43 55500 SH SOLE 55500
BRISTOL MYERS SQUIBB CO. COM 110122108 48053.25 711900 SH SOLE 711900
BRITISH STEEL PLC ADR FINAL INST 111015301 316.72 12300 SH SOLE 12300
BROADVISION, INC. COM 111412102 918.13 6900 SH SOLE 6900
THE BUCKLE, INC. COM 118440106 828.00 48000 SH SOLE 48000
BUFFETS, INC. COM 119882108 5526.52 475400 SH SOLE 475400
BURLINGTON NORTHERN SANTA FE COM 12189T104 574.75 20900 SH SOLE 20900
BURLINGTON RESOURCES INC. COM 122014103 12597.90 342800 SH SOLE 342800
BURR-BROWN CORP. COM 122574106 2352.22 59550 SH SOLE 59550
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 1073.80 18200 SH SOLE 18200
CBS CORP. COM 12490K107 18740.50 405200 SH SOLE 405200
C-CUBE MICROSYSTEMS INC. COM 125015107 1518.15 34900 SH SOLE 34900
CDW COMPUTER CENTERS, INC. COM 125129106 2013.65 41200 SH SOLE 41200
CIGNA CORP. COM 125509109 715.30 9200 SH SOLE 9200
CK WITCO CORP. COM 12562C108 313.83 21550 SH SOLE 21550
CMGI INC COM 125750109 16277.00 158800 SH SOLE 158800
CMS ENERGY CORP. COM 125896100 695.72 20500 SH SOLE 20500
CNF TRANSPORTATION INC. COM 12612W104 569.92 15300 SH SOLE 15300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CSG SYSTEMS INT'L, INC. COM 126349109 4532.95 165400 SH SOLE 165400
CSX CORP. COM 126408103 432.22 10200 SH SOLE 10200
CTS CORP COM 126501105 983.25 17100 SH SOLE 17100
CVS CORP. COM 126650100 22512.45 551600 SH SOLE 551600
CABLE & WIRELESS PLC SPONSORED ADR 126830207 5641.18 170300 SH SOLE 170300
CABLEVISION SYSTEMS CORP. CL A 12686C109 15750.37 216500 SH SOLE 216500
CABLETRON SYSTEM INC. COM 126920107 5909.66 376700 SH SOLE 376700
CADENCE DESIGN SYSTEMS, INC. COM 127387108 496.87 37500 SH SOLE 37500
CAL DIVE INTL', INC. COM 127914109 321.95 9400 SH SOLE 9400
CAMPBELL SOUP CO. COM 134429109 825.53 21100 SH SOLE 21100
CAPITAL ONE FINANCIAL CORP COM 14040H105 421.20 10800 SH SOLE 10800
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 3980.30 5300000 PRN SOLE 0
CARDINAL HEALTH, INC. COM 14149Y108 16104.64 295498 SH SOLE 295498
CARNIVAL CORP. COM 143658102 17073.75 392500 SH SOLE 392500
CARRIAGE SERVICES, INC. CL A 143905107 374.64 44400 SH SOLE 44400
CARRAMERICA REALTY CORP. COM 144418100 2193.80 100000 SH SOLE 100000
CARRIER ACCESS CORP. COM 144460102 510.11 12200 SH SOLE 12200
CASELLA WASTE SYSTEMS, INC. CL A 147448104 1468.54 88000 SH SOLE 88000
CATALINA MARKETING CORP. COM 148867104 1814.99 21400 SH SOLE 21400
CATALYTICA, INC. COM 148885106 1563.00 104200 SH SOLE 104200
CATELLUS DEVELOPMENT CORP. COM 149111106 601.60 51200 SH SOLE 51200
CATERPILLAR INC. COM 149123101 877.00 16000 SH SOLE 16000
CELESTICA INC. SUB VTG SHS 15101Q108 7618.56 154300 SH SOLE 154300
CENDANT CORP. COM 151313103 15778.38 888923 SH SOLE 888923
CENDANT CORP. COM 151313301 5091.83 175200 SH SOLE 175200
CENTOCOR INC. COM 152342101 426.33 7280 SH SOLE 7280
CENTURY COMMUNICATIONS CORP. CL A 156503104 1628.81 35700 SH SOLE 35700
CENTURY MAINTENANCE SUPPLY COM 156616401 2755.92 27219 SH SOLE 27219
CENTURYTEL INC. COM 156700106 865.71 21310 SH SOLE 21310
CERIDIAN CORP. COM 15677T106 2947.68 118500 SH SOLE 118500
CHARTER ONE FINANCIAL, INC. COM 160903100 283.83 12274 SH SOLE 12274
CHASE MANHATTAN CORP. COM 16161A108 19084.95 253200 SH SOLE 253200
CHATTEM, INC. COM 162456107 703.80 31900 SH SOLE 31900
CHEMDEX CORP. COM 163595101 3374.02 109500 SH SOLE 109500
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 2173.50 69000 SH SOLE 69000
CHEVRON CORP. COM 166751107 2698.00 30400 SH SOLE 30400
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 5617.50 105000 SH SOLE 105000
CHIRON CORP. COM 170040109 783.57 28300 SH SOLE 28300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CHIRON CORP. SB CV ADJ 144A00 170040AB5 1045.00 1000000 PRN SOLE 0
CHUBB CORP. COM 171232101 382.11 7700 SH SOLE 7700
CIBER, INC. COM 17163B102 885.09 57800 SH SOLE 57800
CIENA CORP. COM 171779101 14804.40 405600 SH SOLE 405600
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 19438.54 460760 SH SOLE 460760
CISCO SYSTEMS, INC. COM 17275R102 129433.2 1887800 SH SOLE 1887800
CITIGROUP INC. COM 172967101 45581.80 1035950 SH SOLE 1035950
CITIZENS UTILITIES TRUST PFD EPPICS CV 177351202 1492.50 30000 SH SOLE 30000
CITRIX SYSTEMS, INC. COM 177376100 19600.89 316460 SH SOLE 316460
CITY NATIONAL CORP. COM 178566105 2200.05 65550 SH SOLE 65550
CLARIFY INC. COM 180492100 1308.13 26000 SH SOLE 26000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 45103.01 564670 SH SOLE 564670
CLOROX COMPANY COM 189054109 351.90 9200 SH SOLE 9200
COASTAL CORP. COM 190441105 1629.33 39800 SH SOLE 39800
COCA-COLA CO. COM 191216100 15014.88 312400 SH SOLE 312400
COCA-COLA ENTERPRISES, INC. COM 191219104 410.64 18200 SH SOLE 18200
COGNEX CORP. COM 192422103 1144.12 37900 SH SOLE 37900
COGNOS, INC. COM 19244C109 2303.96 88400 SH SOLE 88400
COHU, INC. COM 192576106 701.35 33200 SH SOLE 33200
KENNETH COLE PRODUCTIONS, INC. COM 193294105 949.32 25400 SH SOLE 25400
COLGATE-PALMOLIVE CO. COM 194162103 16552.35 361800 SH SOLE 361800
COLUMBIA/HCA HEALTHCARE CORP. COM 197677107 1353.91 63900 SH SOLE 63900
COMAIR HOLDINGS, INC. COM 199789108 1831.34 109740 SH SOLE 109740
COMCAST CORP. CL A SPL 200300200 2077.48 52100 SH SOLE 52100
COMDISCO, INC. COM 200336105 276.17 14300 SH SOLE 14300
COMERICA, INC. COM 200340107 389.81 7700 SH SOLE 7700
COMMERCE BANCORP, INC. COM 200519106 1501.26 36175 SH SOLE 36175
COMMSCOPE INC. COM 203372107 838.50 25800 SH SOLE 25800
COMMUNITY FIRST BANKSHARES INC COM 203902101 1149.18 68100 SH SOLE 68100
COMPAQ COMPUTER CORP COM 204493100 10771.68 469600 SH SOLE 469600
COMPASS BANCSHARES, INC. COM 20449H109 5341.25 213650 SH SOLE 213650
COMPUTER ASSOCIATES INT'L INC. COM 204912109 19544.87 319100 SH SOLE 319100
COMPUTER SCIENCES CORP. COM 205363104 11411.79 162300 SH SOLE 162300
COMPUWARE CORP. COM 205638109 11338.70 435050 SH SOLE 435050
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 20173.55 213900 SH SOLE 213900
CONAGRA, INC. COM 205887102 507.66 22500 SH SOLE 22500
CONCORD COMMUNICATIONS, INC. COM 206186108 1295.85 32600 SH SOLE 32600
CONCORD EFS, INC. COM 206197105 15012.42 727875 SH SOLE 727875
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CONEXANT SYSTEMS, INC. COM 207142100 494.06 6800 SH SOLE 6800
CONOCO CLB 208251405 2080.85 76013 SH SOLE 76013
CONSECO, INC. COM 208464107 288.80 15200 SH SOLE 15200
CONSOLIDATED EDISON, INC. COM 209115104 456.50 11000 SH SOLE 11000
CONSOLIDATED GRAPHICS, INC. COM 209341106 1845.07 43800 SH SOLE 43800
CONSOLIDATED NATURAL GAS CO. COM 209615103 467.81 7500 SH SOLE 7500
CONTINENTAL AIRLINES, INC. COM 210795308 3294.65 100600 SH SOLE 100600
CONVERGENT COMMUNICATIONS INC. COM 211914403 368.36 35505 SH SOLE 35505
CORNING INC. COM 219350105 740.48 10800 SH SOLE 10800
CORT BUSINESS SERVICES CORP. COM 220493100 633.62 27400 SH SOLE 27400
COST PLUS, INC. COM 221485105 785.70 16200 SH SOLE 16200
COSTCO WHOLESALE CORP. COM 22160K105 16106.40 223700 SH SOLE 223700
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 4714.25 5450000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 3719.50 4300000 PRN SOLE 0
COVAD COMMUNICATION GROUP INC. COM 222814204 9532.39 218663 SH SOLE 218663
COVANCE INC. COM 222816100 228.63 23600 SH SOLE 23600
COX COMMUNICATIONS, INC. CL A 224044107 12308.73 294820 SH SOLE 294820
COX RADIO, INC. CL A 224051102 1915.90 32200 SH SOLE 32200
CROWN CASTLE INT'L CORP. COM 228227104 1336.53 71400 SH SOLE 71400
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 2109.30 63200 SH SOLE 63200
CYTEC INDUSTRIES INC. COM 232820100 312.00 13000 SH SOLE 13000
CYTYC CORPORATION COM 232946103 1613.28 41700 SH SOLE 41700
DST SYSTEMS, INC. COM 233326107 511.87 9000 SH SOLE 9000
DALLAS SEMICONDUCTOR CORP. COM 235204104 3051.30 57100 SH SOLE 57100
DANA CORP. COM 235811106 297.00 8000 SH SOLE 8000
DANAHER CORP. COM 235851102 2323.54 44100 SH SOLE 44100
DARDEN RESTAURANTS INC. COM 237194105 485.94 24840 SH SOLE 24840
DAVE & BUSTER'S, INC. COM 23833N104 347.39 29100 SH SOLE 29100
DAYTON HUDSON CORP. COM 239753106 17736.60 295300 SH SOLE 295300
DEERE & COMPANY COM 244199105 439.10 11350 SH SOLE 11350
DELL COMPUTER CORPORATION COM 247025109 29415.44 703500 SH SOLE 703500
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 354.76 22086 SH SOLE 22086
DELTA AIR LINES INC. COM 247361108 7318.65 150900 SH SOLE 150900
DENDRITE INTERNATIONAL, INC. COM 248239105 704.02 14900 SH SOLE 14900
DENTSPLY INT'L INC. COM 249030107 962.32 42300 SH SOLE 42300
DEVON ENERGY CORP. COM 25179M103 825.44 19920 SH SOLE 19920
DEVRY, INC. COM 251893103 730.00 36500 SH SOLE 36500
DIAL CORP. COM 25247D101 6809.52 267040 SH SOLE 267040
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
DIAMOND OFFSHORE DRILLING COM 25271C102 1291.61 38700 SH SOLE 38700
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 6002.10 5700000 PRN SOLE 0
DIME BANCORP, INC. COM 25429Q102 210.00 12000 SH SOLE 12000
DIONEX CORP. COM 254546104 1184.17 27700 SH SOLE 27700
DISNEY (WALT) CO. COM 254687106 9697.95 374800 SH SOLE 374800
DOLLAR GENERAL CORP. COM 256669102 9139.77 296025 SH SOLE 296025
DOLLAR TREE STORES, INC. COM 256747106 2831.60 70900 SH SOLE 70900
DOUBLECLICK COM 258609304 679.01 5700 SH SOLE 5700
DOVER CORP. COM 260003108 14788.57 361800 SH SOLE 361800
DOW CHEMICAL CO. COM 260543103 1102.16 9700 SH SOLE 9700
DOW JONES & COMPANY, INC. COM 260561105 7125.56 133500 SH SOLE 133500
DUPONT (E.I.) DE NEMOURS COM 263534109 2763.54 45397 SH SOLE 45397
DUANE READE INC. COM 263578106 1943.06 64500 SH SOLE 64500
DUKE ENERGY CORP. COM 264399106 948.15 17200 SH SOLE 17200
DYCOM INDUSTRIES, INC. COM 267475101 2079.86 49300 SH SOLE 49300
EG&G, INC. COM 268457108 553.40 13900 SH SOLE 13900
EMC CORP. COM 268648102 59214.95 828900 SH SOLE 828900
ENSCO INTERNATIONAL, INC. COM 26874Q100 834.87 46220 SH SOLE 46220
EOG RESOURCES, INC. COM 26875P101 371.87 17500 SH SOLE 17500
ETEC SYSTEMS, INC. COM 26922C103 1230.33 32700 SH SOLE 32700
E-TEK DYNAMICS, INC. COM 269240107 6016.32 110900 SH SOLE 110900
EASTMAN KODAK CO. COM 277461109 1141.93 15100 SH SOLE 15100
EBAY INC. COM 278642103 521.93 3700 SH SOLE 3700
ECHOSTAR COMMUNICATIONS CORP CL A 278762109 608.44 6700 SH SOLE 6700
ECHOSTAR COMMUNICATIONS CORP PFD CV SER C 278762307 7175.68 18500 SH SOLE 18500
EDISON INT'L COM 281020107 403.59 16600 SH SOLE 16600
J.D. EDWARDS COM 281667105 553.19 26700 SH SOLE 26700
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 3587.68 68500 SH SOLE 68500
EL PASO NATURAL GAS COMPANY COM 283905107 625.06 15700 SH SOLE 15700
ELECTRONIC ARTS INC. COM 285512109 11362.87 157000 SH SOLE 157000
ELECTRONIC DATA SYSTEMS CORP COM 285661104 11408.13 215500 SH SOLE 215500
ELECTRONICS FOR IMAGING, INC. COM 286082102 945.87 18400 SH SOLE 18400
EMERSON ELECTRIC CO. COM 291011104 1276.39 20200 SH SOLE 20200
EMMIS COMMUNICATIONS CORP. CL A 291525103 2384.87 36100 SH SOLE 36100
ENERGY EAST CORP. COM 29266M109 235.12 9900 SH SOLE 9900
ENGAGE TECHNOLOGIES, INC. COM 292827102 4341.65 115200 SH SOLE 115200
ENGINEERING ANIMATION, INC. COM 292872108 275.14 17400 SH SOLE 17400
ENRON CORP. COM 293561106 2496.63 60800 SH SOLE 60800
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EQUITY OFFICE PROPERTIES TRUST COM 294741103 2315.70 99600 SH SOLE 99600
ETHAN ALLEN INTERIORS INC. COM 297602104 642.14 20185 SH SOLE 20185
ETOYS INC. COM 297862104 4033.71 60600 SH SOLE 60600
EXCEL SWITCHING CORP. COM 30067V108 584.76 16300 SH SOLE 16300
EXODUS COMMUNICATIONS, INC. COM 302088109 10189.70 141400 SH SOLE 141400
EXPEDITORS INT'L OF WASHINGTON COM 302130109 538.53 16780 SH SOLE 16780
EXPRESS SCRIPTS, INC. CL A 302182100 2808.39 35890 SH SOLE 35890
EXTREME NETWORKS, INC. COM 30226D106 6305.97 99600 SH SOLE 99600
EXXON CORP. COM 302290101 8649.33 113900 SH SOLE 113900
FPL GROUP INC. COM 302571104 755.62 15000 SH SOLE 15000
F.Y.I. INCORPORATED COM 302712104 727.66 21600 SH SOLE 21600
FACTSET RESEARCH SYSTEMS INC. COM 303075105 1552.68 27300 SH SOLE 27300
FAMILY DOLLAR STORES, INC. COM 307000109 7744.42 366600 SH SOLE 366600
FDX CORP. COM 31304N107 513.15 13200 SH SOLE 13200
FEDERAL HOME LOAN MTG CORP. COM 313400301 28964.00 557000 SH SOLE 557000
FEDERAL NATIONAL MTG ASSOC. COM 313586109 23451.58 374100 SH SOLE 374100
FEDERATED DEPARTMENT STORES COM 31410H101 432.51 9900 SH SOLE 9900
FIFTH THIRD BANCORP COM 316773100 766.63 12600 SH SOLE 12600
FINOVA GROUP, INC. COM 317928109 801.54 21960 SH SOLE 21960
FINOVA FINANCE TRUST TOPRS CV 9.16% 31808E207 1841.87 35000 SH SOLE 35000
FIRST CONSULTING GROUP, INC. COM 31986R103 826.00 82600 SH SOLE 82600
FIRST DATA CORP. COM 319963104 1217.97 27760 SH SOLE 27760
FIRST HEALTH GROUP CORP. COM 320960107 715.77 31900 SH SOLE 31900
FIRST TENNESSEE NAT'L CORP. COM 337162101 492.18 17500 SH SOLE 17500
FIRST UNION CORP. COM 337358105 1631.62 45800 SH SOLE 45800
FIRSTAR CORPORATION COM 33763V109 13628.93 531861 SH SOLE 531861
FISERV INC. COM 337738108 9023.95 277660 SH SOLE 277660
FLEET FINANCIAL GROUP, INC. COM 338915101 959.57 26200 SH SOLE 26200
FLORIDA PROGRESS CORP. COM 341109106 296.00 6400 SH SOLE 6400
FLOWERS INDUSTRIES, INC. COM 343496105 289.97 21380 SH SOLE 21380
FORD MOTOR CO. COM 345370100 13585.89 270700 SH SOLE 270700
FOREST LABORATORIES, INC. CL A 345838106 11931.48 283240 SH SOLE 283240
FOSSIL INC. COM 349882100 1327.44 49050 SH SOLE 49050
FOX ENTERTAINMENT GROUP, INC. CL A 35138T107 6859.28 324700 SH SOLE 324700
FURNITURE BRANDS INT'L, INC. COM 360921100 466.60 23700 SH SOLE 23700
G & K SERVICES INC. CL A 361268105 1316.25 32500 SH SOLE 32500
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 2300.00 2500000 PRN SOLE 0
GTE CORP. COM 362320103 3536.25 46000 SH SOLE 46000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
GALILEO INT'L, INC. COM 363547100 277.72 6900 SH SOLE 6900
GANNETT CO. INC. COM 364730101 871.76 12600 SH SOLE 12600
GAP INC. COM 364760108 1281.60 40050 SH SOLE 40050
GARTNER GROUP, INC. COM 366651107 318.76 20000 SH SOLE 20000
GATEWAY INC. COM 367626108 13406.94 301700 SH SOLE 301700
GAYLORD CONTAINER CORP CL A 368145108 722.31 101377 SH SOLE 101377
GAYLORD CONTAINER CORP WT EXP 110202 368145116 911.30 127902 SH SOLE 127902
GENENTECH, INC. COM 368710406 1126.61 7700 SH SOLE 7700
GENERAL DYNAMICS CORP. COM 369550108 1030.22 16500 SH SOLE 16500
GENERAL ELECTRIC CO. COM 369604103 88365.00 745300 SH SOLE 745300
GENERAL INSTRUMENT CORP. COM 370120107 14245.00 296000 SH SOLE 296000
GENERAL MILLS INC. COM 370334104 559.76 6900 SH SOLE 6900
GENERAL MOTORS CORP. COM 370442105 9358.88 148700 SH SOLE 148700
GENERAL MOTORS CORP. CL H NEW 370442832 10793.34 188530 SH SOLE 188530
GENTEX CORP. COM 371901109 1656.61 80200 SH SOLE 80200
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 8652.09 192000 SH SOLE 192000
GETTY IMAGES, INC. COM 374276103 714.82 29630 SH SOLE 29630
GILEAD SCIENCES, INC. COM 375558103 775.39 12080 SH SOLE 12080
GILLETTE CO. COM 375766102 1761.38 51900 SH SOLE 51900
GLIMCHER REALTY TRUST SH BEN INT 379302102 2486.67 169300 SH SOLE 169300
GLOBAL IMAGING SYSTEMS, INC. COM 37934A100 187.42 12600 SH SOLE 12600
GLOBAL TELESYSTEMS GROUP INC. COM 37936U104 350.99 17800 SH SOLE 17800
GOODYEAR TIRE & RUBBER CO. COM 382550101 351.31 7300 SH SOLE 7300
GRANITE BROADCASTING CORP. COM 387241102 7231.25 650000 SH SOLE 650000
GREAT ATLANTIC & PACIFIC TEA COM 390064103 5710.96 188400 SH SOLE 188400
GREAT PLAINS SOFTWARE INC. COM 39119E105 1333.85 25900 SH SOLE 25900
GROUP1 AUTOMOTIVE, INC. COM 398905109 789.29 43100 SH SOLE 43100
GUIDANT CORP. COM 401698105 15711.05 292980 SH SOLE 292980
HAIN FOOD GROUP, INC. COM 405219106 1235.02 49900 SH SOLE 49900
HALLIBURTON CO. COM 406216101 24874.70 606700 SH SOLE 606700
HANGER ORTHOPEDIC GROUP, INC. COM 41043F208 536.50 37000 SH SOLE 37000
HARBINGER CORP. COM 41145C103 3746.25 222000 SH SOLE 222000
HARLEY DAVIDSON INC. COM 412822108 526.16 10510 SH SOLE 10510
HARTE-HANKS, INC. COM 416196103 1329.92 52800 SH SOLE 52800
HARTFORD FINANCIAL SVCS, INC. COM 416515104 421.01 10300 SH SOLE 10300
HASBRO INC. COM 418056107 4527.70 211200 SH SOLE 211200
HEALTH MGMT ASSOCIATES INC. CL A 421933102 156.16 21175 SH SOLE 21175
HEINZ (H.J.) CO. COM 423074103 709.50 16500 SH SOLE 16500
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
JACK HENRY & ASSOCIATES, INC. COM 426281101 1314.99 35600 SH SOLE 35600
HERSHEY FOODS CORP. COM 427866108 321.34 6600 SH SOLE 6600
HEWLETT-PACKARD COMPANY COM 428236103 11297.60 122800 SH SOLE 122800
HEWLETT-PACKARD COMPANY SB LYON ZERO 17 428236AC7 8470.00 14000000 PRN SOLE 0
HIBERNIA CORPORATION CL A 428656102 5278.91 454100 SH SOLE 454100
HISPANIC BROADCASTING CORP. CL A 43357B104 1240.83 16300 SH SOLE 16300
HOME DEPOT, INC. COM 437076102 52402.05 763600 SH SOLE 763600
HOME DEPOT, INC. SB NT CV 3.25%01 437076AE2 11020.00 3800000 PRN SOLE 0
HONEYWELL INC. COM 438506107 18489.08 166100 SH SOLE 166100
HOUSEHOLD INTERNATIONAL, INC. COM 441815107 926.88 23100 SH SOLE 23100
HUMAN GENOME SCIENCES, INC. COM 444903108 3894.00 52800 SH SOLE 52800
HYPERION SOLUTIONS CORP. COM 44914M104 1453.21 66055 SH SOLE 66055
IBP INC. COM 449223106 701.13 28400 SH SOLE 28400
ICG COMMUNICATIONS, INC. COM 449246107 6027.54 387300 SH SOLE 387300
IMS HEALTH INC. COM 449934108 339.91 14900 SH SOLE 14900
ISS GROUP, INC. COM 450306105 978.27 35900 SH SOLE 35900
ITC DELTACOM INC. COM 45031T104 1430.00 52000 SH SOLE 52000
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 1150.50 59000 SH SOLE 59000
ILLINOIS TOOL WORKS INC. COM 452308109 2110.13 28300 SH SOLE 28300
IMAX CORP. COM 45245E109 2154.00 107700 SH SOLE 107700
IMMUNEX CORP. COM 452528102 5604.05 129200 SH SOLE 129200
IMRGLOBAL CORP. COM 45321W106 152.62 18500 SH SOLE 18500
INFINITY BROADCASTING CORP. CL A 45662S102 1917.07 65400 SH SOLE 65400
INFORMIX CORP. COM 456779107 7680.80 967600 SH SOLE 967600
INGERSOLL-RAND CO. COM 456866102 423.02 7700 SH SOLE 7700
INHALE THERAPEUTIC SYSTEMS COM 457191104 1518.75 50000 SH SOLE 50000
INSIGHT ENTERPRISES, INC. COM 45765U103 462.31 14225 SH SOLE 14225
INSITUFORM TECHNOLOGIES CL A 457667103 1075.00 43000 SH SOLE 43000
INSPIRE INSURANCE SOLUTIONS COM 457732105 652.43 94900 SH SOLE 94900
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 435.24 4030000 PRN SOLE 0
INTEL CORP. COM 458140100 71645.16 964100 SH SOLE 964100
INTER-TEL INC. COM 458372109 1354.32 76300 SH SOLE 76300
INTERMEDIA COMMUNICATIONS INC. COM 458801107 5554.58 255383 SH SOLE 255383
INTERNATIONAL BUS. MACHINES COM 459200101 45333.56 373500 SH SOLE 373500
INTERNATIONAL HOME FOODS, INC. COM 459655106 8372.00 478400 SH SOLE 478400
INTERNATIONAL PAPER CO. COM 460146103 922.80 19200 SH SOLE 19200
INTERPUBLIC GROUP COMPANY INC. COM 460690100 7239.64 176040 SH SOLE 176040
INTERPUBLIC GROUP COMPANY INC. SB NT CV 144A 06 460690AG5 2990.00 3250000 PRN SOLE 0
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INTERVOICE-BRITE, INC. COM 461142101 1310.96 118500 SH SOLE 118500
INTIMATE BRANDS, INC. CL A 461156101 5768.85 148155 SH SOLE 148155
INTUIT INC. COM 461202103 16198.82 184800 SH SOLE 184800
IVAX CORP. COM 465823102 366.30 22200 SH SOLE 22200
JDS UNIPHASE CORP. COM 46612J101 32691.64 287240 SH SOLE 287240
JABIL CIRCUIT, INC. COM 466313103 12340.35 249300 SH SOLE 249300
JACOBS ENGINEERING GROUP INC. COM 469814107 204.75 6300 SH SOLE 6300
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 3353.40 5400000 PRN SOLE 0
JEFFERSON-PILOT CORPORATION COM 475070108 315.94 5000 SH SOLE 5000
JOHNSON & JOHNSON COM 478160104 38826.37 422600 SH SOLE 422600
JONES APPAREL GROUP INC. COM 480074103 781.42 27180 SH SOLE 27180
JONES PHARMA INC. COM 480236108 2347.39 71200 SH SOLE 71200
KLA INSTRUMENTS CORP. COM 482480100 14239.55 219070 SH SOLE 219070
K-MART CORP. COM 482584109 7308.50 625300 SH SOLE 625300
K-V PHARMACEUTICAL COMPANY CL A 482740206 427.95 22900 SH SOLE 22900
KANSAS CITY SOUTHERN INDS INC. COM 485170104 6255.19 134700 SH SOLE 134700
KEANE, INC. COM 486665102 969.55 42500 SH SOLE 42500
KEEBLER FOODS COMPANY COM 487256109 1281.63 42900 SH SOLE 42900
KELLOGG COMPANY COM 487836108 703.83 18800 SH SOLE 18800
KEY CORP COM 493267108 534.32 20700 SH SOLE 20700
KIMBERLY CLARK CORP. COM 494368103 11082.75 211100 SH SOLE 211100
KNIGHT/TRIMARK GROUP, INC. CL A 499067106 4796.28 161900 SH SOLE 161900
KOHLS CORP. COM 500255104 14913.83 225540 SH SOLE 225540
KONINKLIJKE PHILIPS ELECTRONIC SPONSORED ADR NE 500472204 10645.40 105400 SH SOLE 105400
KOPIN CORP. COM 500600101 1329.22 47900 SH SOLE 47900
KROGER COMPANY COM 501044101 23340.00 1057880 SH SOLE 1057880
KULICKE & SOFFA INDUSTRIES,INC COM 501242101 510.57 21000 SH SOLE 21000
LSI LOGIC CORP. COM 502161102 690.10 13400 SH SOLE 13400
L-3 COMMUNICATIONS HOLDINGS COM 502424104 7059.25 187000 SH SOLE 187000
LAM RESEARCH CORP COM 512807108 10766.50 176500 SH SOLE 176500
LAMAR ADVERTISING COMPANY CL A 512815101 1430.55 28900 SH SOLE 28900
LASON HOLDINGS, INC. COM 51808R107 1616.47 36300 SH SOLE 36300
LATTICE SEMICONDUCTOR CORP. COM 518415104 11296.28 380500 SH SOLE 380500
LEARNING TREE INT'L, INC. COM 522015106 1184.25 71500 SH SOLE 71500
LEGATO SYSTEMS, INC. COM 524651106 1294.74 29700 SH SOLE 29700
LEGGETT & PLATT INC. COM 524660107 522.91 26560 SH SOLE 26560
LEGG MASON, INC. COM 524901105 1333.29 34800 SH SOLE 34800
LEHMAN BROTHERS HOLDING INC. COM 524908100 15377.13 263700 SH SOLE 263700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LENNAR CORP. SR DB CV ZRO 18 526057AA2 2880.00 7500000 PRN SOLE 0
LEVEL ONE COMMUNICATIONS, INC. SUB NT CONV 4%04 527295AC3 2448.00 1000000 PRN SOLE 0
LEXMARK INT'L GROUP, INC. CL A 529771107 18040.05 224100 SH SOLE 224100
LIBERATE TECHNOLOGIES, INC. COM 530129105 1086.82 25800 SH SOLE 25800
LILLY (ELI) & COMPANY COM 532457108 21753.60 339900 SH SOLE 339900
LIMITED, INC. COM 532716107 681.53 17818 SH SOLE 17818
LINCARE HOLDINGS, INC. COM 532791100 2255.09 84600 SH SOLE 84600
LINCOLN NATIONAL CORP. COM 534187109 360.60 9600 SH SOLE 9600
LINEAR TECHNOLOGY CORP. COM 535678106 17773.02 302360 SH SOLE 302360
LINENS 'N THINGS, INC. COM 535679104 1059.75 31400 SH SOLE 31400
LIPOSOME COMPANY, INC. COM 536310105 367.51 48300 SH SOLE 48300
LOCKHEED MARTIN CORP. COM 539830109 594.92 18200 SH SOLE 18200
LOWE'S COMPANIES COM 548661107 17779.12 364700 SH SOLE 364700
LUCENT TECHNOLOGIES, INC. COM 549463107 53498.13 824634 SH SOLE 824634
LYCOS, INC. COM 550818108 13408.43 267500 SH SOLE 267500
MBNA CORP. COM 55262L100 18948.47 830600 SH SOLE 830600
MCI WORLDCOM, INC. COM 55268B106 69208.43 962900 SH SOLE 962900
MGC COMMUNICATIONS, INC. COM 552763302 542.36 26138 SH SOLE 26138
MGIC INVESTMENT CORP. WI COM 552848103 281.72 5900 SH SOLE 5900
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 457.56 49800 SH SOLE 49800
MACDERMID, INC. COM 554273102 1267.14 37200 SH SOLE 37200
MACROMEDIA, INC. COM 556100105 7271.66 177900 SH SOLE 177900
MAGELLAN HEALTH SERVICES, INC. COM 559079108 585.04 80000 SH SOLE 80000
MAGNA INT'L INC. SUB DB CV 144A05 559222AF1 4515.00 5000000 PRN SOLE 0
MAGNA INT'L INC. SBDB CV 4.875% 0 559222AG9 903.00 1000000 PRN SOLE 0
MAPICS, INC. COM 564910107 260.64 30000 SH SOLE 30000
MARSH & MCLENNAN COMPANIES INC COM 571748102 828.85 12100 SH SOLE 12100
MARSHALL & ILSLEY CORP. COM 571834100 707.58 12400 SH SOLE 12400
MARRIOTT INT'L, INC. CL A 571903202 382.44 11700 SH SOLE 11700
MASCO CORP. COM 574599106 496.00 16000 SH SOLE 16000
MASTECH CORPORATION COM 57632N105 614.25 45500 SH SOLE 45500
MATTEL INC. COM 577081102 8598.64 452560 SH SOLE 452560
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 2143.30 33970 SH SOLE 33970
MAY DEPARTMENT STORES CO. COM 577778103 612.15 16800 SH SOLE 16800
MAYTAG CORP. COM 578592107 708.90 21280 SH SOLE 21280
MCDERMOTT INT'L, INC. COM 580037109 5862.37 289500 SH SOLE 289500
MCDONALDS CORP. COM 580135101 29162.60 678200 SH SOLE 678200
MCGRAW-HILL INC. COM 580645109 445.05 9200 SH SOLE 9200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MCKESSON HBOC, INC. COM 58155Q103 313.20 10800 SH SOLE 10800
MCLEODUSA INC. COM 582266102 1089.61 25600 SH SOLE 25600
MEDCO RESEARCH, INC. COM 584059109 1411.49 56600 SH SOLE 56600
MEDIA GENERAL, INC. CL A 584404107 727.75 14200 SH SOLE 14200
MEDIAONE GROUP, INC. COM 58440J104 14598.48 213700 SH SOLE 213700
MEDIAONE GROUP, INC. PFD CV SER D 58440J203 6075.00 45000 SH SOLE 45000
MEDIMMUNE, INC. COM 584699102 19432.92 195000 SH SOLE 195000
MEDQUIST INC. COM 584949101 1641.80 49100 SH SOLE 49100
MEDTRONIC INC. COM 585055106 30884.36 869982 SH SOLE 869982
MELLON BANK CORPORATION COM 585509102 11610.00 344000 SH SOLE 344000
MEN'S (THE) WEARHOUSE, INC. COM 587118100 1242.70 57800 SH SOLE 57800
MENTOR CORP/MINN COM 587188103 2519.40 88400 SH SOLE 88400
MERCK AND CO. INC. COM 589331107 43690.44 674100 SH SOLE 674100
MERCURY INTERACTIVE CORP. COM 589405109 1530.14 23700 SH SOLE 23700
MERRILL LYNCH & CO., INC. COM 590188108 10199.13 151800 SH SOLE 151800
MESABA HOLDINGS, INC. COM 59066B102 743.77 63300 SH SOLE 63300
META GROUP, INC. COM 591002100 1187.47 66900 SH SOLE 66900
METAMOR WORLDWIDE, INC. COM 59133P100 1199.90 67600 SH SOLE 67600
METRIS COMPANIES INC. COM 591598107 1092.14 37100 SH SOLE 37100
METTLER-TOLEDO INT'L INC. COM 592688105 560.80 18930 SH SOLE 18930
MICREL, INC. COM 594793101 2949.50 68000 SH SOLE 68000
MICROSOFT CORP. COM 594918104 130347.3 1439300 SH SOLE 1439300
MICROCHIP TECHNOLOGY INC COM 595017104 11738.67 228490 SH SOLE 228490
MICROMUSE INC. COM 595094103 681.05 10600 SH SOLE 10600
MICRON TECHNOLOGY INC. COM 595112103 3967.15 59600 SH SOLE 59600
MILLENNIUM PHARMACEUTICALS INC COM 599902103 3341.00 51400 SH SOLE 51400
HERMAN MILLER, INC. COM 600544100 816.62 34160 SH SOLE 34160
MILLIPORE CORPORATION COM 601073109 638.57 17000 SH SOLE 17000
MINIMED INC. COM 60365K108 677.92 6900 SH SOLE 6900
3M CORP. COM 604059105 1825.19 19000 SH SOLE 19000
MIPS TECHNOLOGIES, INC. CLA 604567107 696.70 21900 SH SOLE 21900
MIRAVANT MEDICAL TECHNOLOGIES COM 604690107 914.28 90300 SH SOLE 90300
MOBIL CORP. COM 607059102 21792.22 216300 SH SOLE 216300
MODIS PROFESSIONAL SERVICES COM 607830106 6901.92 520900 SH SOLE 520900
MOHAWK INDUSTRIES, INC. COM 608190104 1523.26 76400 SH SOLE 76400
MOLECULAR DEVICES CORP. COM 60851C107 349.25 12700 SH SOLE 12700
MONSANTO COMPANY COM 611662107 10035.46 281200 SH SOLE 281200
MONTANA POWER COMPANY COM 612085100 557.01 18300 SH SOLE 18300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MORGAN J.P. & CO. INC. COM 616880100 925.42 8100 SH SOLE 8100
MORGAN STANLEY DEAN WITTER COM NEW 617446448 12762.80 143100 SH SOLE 143100
MOTOROLA, INC. COM 620076109 40354.16 458570 SH SOLE 458570
MUELLER INDUSTRIES, INC. COM 624756102 623.44 21000 SH SOLE 21000
MYLAN LABORATORIES INC. COM 628530107 370.25 20150 SH SOLE 20150
NCI BUILDING SYSTEMS, INC. COM 628852105 516.76 31200 SH SOLE 31200
NCO GROUP, INC. COM 628858102 10861.70 231100 SH SOLE 231100
NATIONAL CITY CORP. COM 635405103 805.97 30200 SH SOLE 30200
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1699.78 44330 SH SOLE 44330
NATIONAL DATA CORP COM 635621105 1268.80 48800 SH SOLE 48800
NATIONAL INSTRUMENTS CORP. COM 636518102 3329.40 94200 SH SOLE 94200
NATIONAL SEMICONDUCTOR CORP. COM 637640103 9363.50 307000 SH SOLE 307000
NATIONWIDE FINANCIAL SERVICES CL A 638612101 799.47 22600 SH SOLE 22600
NAVIGANT CONSULTING, INC. COM 63935N107 2263.10 48800 SH SOLE 48800
NEIMAN MARCUS GROUP, INC. COM 640204103 1133.68 48500 SH SOLE 48500
NETWORK ASSOCIATES, INC. COM 640938106 13786.25 720850 SH SOLE 720850
NETGRAVITY, INC. COM 641114103 13426.88 406100 SH SOLE 406100
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 19186.33 282930 SH SOLE 282930
NIKE, INC. CL B 654106103 11005.31 193500 SH SOLE 193500
NOBLE AFFILIATES INC. COM 654894104 1200.60 41400 SH SOLE 41400
NOKIA OYJ SPONSORED ADR 654902204 23998.03 267200 SH SOLE 267200
NORFOLK SOUTHERN CORP. COM 655844108 445.90 18200 SH SOLE 18200
NORTEL NETWORKS CORP. COM 656569100 17273.70 338700 SH SOLE 338700
NORTH FORK BANCORPORATION, INC COM 659424105 304.20 15600 SH SOLE 15600
NORTHERN TRUST CORP. COM 665859104 937.70 11230 SH SOLE 11230
NOVA CORPORATION COM 669784100 2023.45 80938 SH SOLE 80938
NOVELL INC. COM 670006105 8655.03 418360 SH SOLE 418360
NOVELLUS SYSTEMS INC. COM 670008101 2116.87 31390 SH SOLE 31390
NOVOSTE CORP. COM 67010C100 954.65 53500 SH SOLE 53500
NUCOR CORPORATION COM 670346105 7629.52 160200 SH SOLE 160200
OCEANEERING INT'L INC. COM 675232102 919.67 54700 SH SOLE 54700
OFFICE DEPOT, INC. COM 676220106 204.26 20050 SH SOLE 20050
OFFICE DEPOT, INC. LYON SUB ZERO 07 676220AA4 4165.60 6560000 PRN SOLE 0
OMNICARE, INC. COM 681904108 1302.26 135300 SH SOLE 135300
OMNICOM GROUP INC. COM 681919106 35069.19 442860 SH SOLE 442860
1-800-FLOWERS.COM, INC. CLA 68243Q106 565.96 39200 SH SOLE 39200
ORACLE CORPORATION COM 68389X105 22724.97 499450 SH SOLE 499450
ORBITAL SCIENCES CORP. COM 685564106 738.50 42200 SH SOLE 42200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
O'REILLY AUTOMOTIVE INC. COM 686091109 2187.41 45900 SH SOLE 45900
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1898.75 108500 SH SOLE 108500
OUTBACK STEAKHOUSE, INC. COM 689899102 541.85 21275 SH SOLE 21275
OUTDOOR SYSTEMS, INC. COM 690057104 16813.76 470315 SH SOLE 470315
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 1965.00 60000 SH SOLE 60000
OXFORD HEALTH PLANS, INC. COM 691471106 7113.75 569100 SH SOLE 569100
PECO ENERGY COMPANY COM 693304107 393.75 10500 SH SOLE 10500
PG&E CORP. COM 69331C108 465.75 18000 SH SOLE 18000
PMC-SIERRA, INC. COM 69344F106 5476.00 59200 SH SOLE 59200
PNC FINANCIAL CORP. COM 693475105 763.97 14500 SH SOLE 14500
PPG INDUSTRIES INC. COM 693506107 516.00 8600 SH SOLE 8600
PRI AUTOMATION, INC. COM 69357H106 740.56 20500 SH SOLE 20500
PSS WORLD MEDICAL, INC. COM 69366A100 745.42 83400 SH SOLE 83400
PACCAR INC. COM 693718108 4064.91 79900 SH SOLE 79900
PACIFIC GATEWAY EXCHANGE, INC. COM 694327107 370.07 22600 SH SOLE 22600
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 1519.98 54225 SH SOLE 54225
PACIFICARE HEALTH SYSTEMS, INC CL A 695112102 7205.45 166600 SH SOLE 166600
PAGEMART WIRELESS, INC. CL A 69553J104 1008.00 168000 SH SOLE 168000
PAIRGAIN TECHNOLOGIES INC. COM 695934109 3418.27 268100 SH SOLE 268100
PAPA JOHN'S INT'L, INC. COM 698813102 278.43 6750 SH SOLE 6750
PARAMETRIC TECHNOLOGY COMPANY COM 699173100 5085.45 376700 SH SOLE 376700
PATTERSON DENTAL COMPANY COM 703412106 1437.32 29000 SH SOLE 29000
PAYCHEX INC. COM 704326107 833.33 24420 SH SOLE 24420
PEGASUS SYSTEMS, INC. COM 705906105 1185.00 31600 SH SOLE 31600
PENNEY (J.C.) CO. INC. COM 708160106 427.80 12400 SH SOLE 12400
PENTAIR, INC. COM 709631105 637.98 15900 SH SOLE 15900
PEOPLESOFT INC. COM 712713106 2528.84 149300 SH SOLE 149300
PEPSICO, INC. COM 713448108 12565.85 415400 SH SOLE 415400
PEREGRINE SYSTEMS, INC. COM 71366Q101 17958.52 440700 SH SOLE 440700
PERVASIVE SOFTWARE INC. COM 715710109 721.05 20900 SH SOLE 20900
PETSMART INC. COM 716768106 3181.23 855400 SH SOLE 855400
PHARMACIA & UPJOHN, INC. COM 716941109 1300.17 26200 SH SOLE 26200
PFIZER INC. COM 717081103 45501.10 1266100 SH SOLE 1266100
PHILLIPS PETROLEUM COMPANY COM 718507106 555.75 11400 SH SOLE 11400
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 1350.00 3000000 PRN SOLE 0
PINNACLE HOLDINGS INC. COM 72346N101 522.50 20000 SH SOLE 20000
PINNACLE SYSTEMS, INC. COM 723481107 2940.82 69400 SH SOLE 69400
PIONEER HI-BRED INT'L INC. COM 723686101 448.47 11300 SH SOLE 11300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PITNEY BOWES, INC. COM 724479100 7038.33 115500 SH SOLE 115500
PLANTRONICS, INC. COM 727493108 238.80 4800 SH SOLE 4800
PLEXUS CORP. COM 729132100 1424.06 46500 SH SOLE 46500
POLYCOM INC. COM 73172K104 1930.06 40500 SH SOLE 40500
PRAXAIR INC. COM 74005P104 335.80 7300 SH SOLE 7300
PRE-PAID LEGAL SERVICES, INC. COM 740065107 1555.31 39500 SH SOLE 39500
PREMIER PARKS INC. COM NEW 740540208 9074.10 312900 SH SOLE 312900
PREMISYS COMMUNICATIONS, INC. COM 740584107 680.83 81900 SH SOLE 81900
PREVIEW TRAVEL, INC. CL A 74137R101 711.75 43800 SH SOLE 43800
PRICE COMMUNICATIONS CORP. COM NEW 741437305 3783.71 150968 SH SOLE 150968
PRICELINE.COM INC. COM 741503106 3457.20 53600 SH SOLE 53600
PRIORITY HEALTHCARE CORP. CL B 74264T102 1392.46 45100 SH SOLE 45100
PROCTER & GAMBLE COMPANY COM 742718109 18562.50 198000 SH SOLE 198000
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 639.97 111300 SH SOLE 111300
PROFIT RECOVERY GROUP INT'L COM 743168106 917.04 20550 SH SOLE 20550
PROGRESS SOFTWARE CORP. COM 743312100 633.77 20200 SH SOLE 20200
PROGRESSIVE CORP. COM 743315103 261.40 3200 SH SOLE 3200
PROLOGIS TRUST PFD CV SBI B 743410300 3778.12 155000 SH SOLE 155000
PROTECTION ONE ALARM MONITOR SRSBNTCV 6.75%03 743659AL8 3331.20 4800000 PRN SOLE 0
PROTECTION LIFE CORP COM 743674103 974.40 33600 SH SOLE 33600
PROVIDENT BANKSHARES CORP. COM 743859100 3406.93 160093 SH SOLE 160093
PROVIDIAN FINANCIAL CORP. COM 74406A102 18053.28 227980 SH SOLE 227980
PROXIM, INC. COM 744284100 2640.40 57400 SH SOLE 57400
PSINET INC. COM 74437C101 535.93 14900 SH SOLE 14900
PSINET INC. PFD C CV 6 3/4 74437C309 2978.50 74000 SH SOLE 74000
PUBLIC SERVICE ENTERPRISE GRP COM 744573106 405.56 10500 SH SOLE 10500
PULTE CORP. COM 745867101 5813.77 267300 SH SOLE 267300
QRS CORP. COM 74726X105 3356.94 52350 SH SOLE 52350
QLOGIC CORP. COM 747277101 1704.95 24400 SH SOLE 24400
QUANTA SERVICES, INC. COM 74762E102 961.46 32800 SH SOLE 32800
QUIKSILVER, INC. COM 74838C106 1270.20 69600 SH SOLE 69600
QWEST COMMUNICATIONS INT'L INC COM 749121109 11003.34 372200 SH SOLE 372200
R&B FALCON CORP. COM 74912E101 8306.81 632900 SH SOLE 632900
RSA SECURITY INC. COM 749719100 2794.42 105200 SH SOLE 105200
RF MICRO DEVICES, INC. COM 749941100 507.82 11100 SH SOLE 11100
RADIAN GROUP INC. COM 750236101 1363.62 31758 SH SOLE 31758
RALSTON-RALSTON PURINA GROUP COM 751277302 432.06 15500 SH SOLE 15500
RARE HOSPITALITY INT'L, INC. COM 753820109 376.27 17400 SH SOLE 17400
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
RATIONAL SOFTWARE CORP. COM NEW 75409P202 10874.96 371400 SH SOLE 371400
RAYOVAC CORP. COM 755081106 555.76 25700 SH SOLE 25700
RAYTHEON COMPANY CL B 755111408 789.03 15900 SH SOLE 15900
REALNETWORKS, INC. COM 75605L104 1547.53 14800 SH SOLE 14800
REGIONS FINANCIAL CORP. COM 758940100 312.00 10400 SH SOLE 10400
RELIANT ENERGY, INC. COM 75952J108 373.46 13800 SH SOLE 13800
RENAL CARE GROUP, INC. COM 759930100 1174.16 53600 SH SOLE 53600
RENT-A-CENTER, INC. COM 76009N100 983.40 52800 SH SOLE 52800
RENT-WAY, INC. COM 76009U104 1240.70 65300 SH SOLE 65300
REPUBLIC SERVICES, INC. CL A 760759100 3754.05 345200 SH SOLE 345200
RESMED INC. COM 761152107 720.77 21800 SH SOLE 21800
RITE AID CORP. COM 767754104 167.13 12100 SH SOLE 12100
ROBERTS PHARMACEUTICAL CORP. COM 770491108 1609.30 53200 SH SOLE 53200
ROCKWELL INT'L CORP. COM 773903109 467.25 8900 SH SOLE 8900
ROMAC INTERNATIONAL, INC. COM 775835101 634.32 76600 SH SOLE 76600
ROSS STORES INC COM 778296103 7172.55 356400 SH SOLE 356400
ROUSE COMPANY PFD CONV SER B 779273309 1460.62 41000 SH SOLE 41000
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 18327.24 310300 SH SOLE 310300
SBC COMMUNICATIONS INC. COM 78387G103 20946.04 410200 SH SOLE 410200
SCI SYSTEMS, INC. COM 783890106 1888.61 42500 SH SOLE 42500
SCP POOL CORP. COM 784028102 368.95 15700 SH SOLE 15700
SDL, INC. COM 784076101 457.87 6000 SH SOLE 6000
SFX ENTERTAINMENT, INC. CL A 784178105 1450.27 47550 SH SOLE 47550
SLM HOLDING CORP. COM 78442A109 2730.37 63497 SH SOLE 63497
SLI, INC. COM 78442T108 1042.20 48900 SH SOLE 48900
S&P DEPOSITARY RECEIPTS UNIT SER 1 78462F103 17896.25 139000 SH SOLE 139000
SPX CORP. COM 784635104 12886.50 142000 SH SOLE 142000
SAFEWAY INC. COM NEW 786514208 17775.42 467000 SH SOLE 467000
ST. PAUL CAPITAL L.L.C. PFD MIPS 6% 792856205 2734.40 50000 SH SOLE 50000
SANMINA CORP. COM 800907107 20589.48 266100 SH SOLE 266100
SANTA FE SNYDER CORP. COM 80218K105 5476.50 608500 SH SOLE 608500
SAP AG SPONSORED ADR 803054204 5639.85 149400 SH SOLE 149400
SARA LEE CORP. COM 803111103 1009.80 43200 SH SOLE 43200
SAVILLE SYSTEMS IRELAND PLC SPONSORED ADR 805174109 531.70 36200 SH SOLE 36200
HENRY SCHEIN, INC. COM 806407102 424.65 29800 SH SOLE 29800
SCHERING PLOUGH CORP. COM 806605101 18854.72 432200 SH SOLE 432200
SCHLUMBERGER LTD. COM 806857108 22304.93 357950 SH SOLE 357950
SCHWAB (CHARLES) CORP. COM 808513105 2371.63 70400 SH SOLE 70400
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SEAGATE TECHNOLOGY INC. COM 811804103 4948.56 160600 SH SOLE 160600
SEARS, ROEBUCK AND COMPANY COM 812387108 564.75 18000 SH SOLE 18000
SEMTECH CORP. COM 816850101 937.60 25600 SH SOLE 25600
SEROLOGICALS CORP. COM 817523103 442.08 104020 SH SOLE 104020
SHAW INDUSTRIES, INC. COM 820286102 603.25 38000 SH SOLE 38000
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 801.00 27800 SH SOLE 27800
SIEBEL SYSTEMS, INC. COM 826170102 806.82 12110 SH SOLE 12110
SIMPSON MANUFACTURING COMPANY COM 829073105 1087.50 23200 SH SOLE 23200
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1510.05 45500 SH SOLE 45500
SMITH INT'L, INC. COM 832110100 10740.19 265190 SH SOLE 265190
SMITHFIELD FOODS, INC. COM 832248108 2034.87 76070 SH SOLE 76070
SOLECTRON CORP. COM 834182107 4383.46 61040 SH SOLE 61040
SONIC CORP. COM 835451105 1034.89 34000 SH SOLE 34000
SOUTHDOWN, INC. COM 841297104 288.90 5400 SH SOLE 5400
SOUTHERN COMPANY COM 842587107 854.90 33200 SH SOLE 33200
SOUTHTRUST CORP. COM 844730101 620.63 17300 SH SOLE 17300
SOUTHWEST AIRLINES CO. COM 844741108 1486.52 97875 SH SOLE 97875
SPECTRIAN CORP. COM 847608106 833.02 38300 SH SOLE 38300
SPEEDFAM-IPEC, INC. COM 847705100 2598.00 216500 SH SOLE 216500
SPRINT CORP COM 852061100 10513.65 193800 SH SOLE 193800
SPRINT CORP DECS EXCH 2000 852061407 2351.25 30000 SH SOLE 30000
SPRINT CORP PCS COM SER 1 852061506 14398.11 193100 SH SOLE 193100
STAFFMARK, INC. COM 852389105 245.28 30900 SH SOLE 30900
STANFORD TELECOMMUNICATIONS COM 854402104 451.74 14200 SH SOLE 14200
STAPLES INC. COM 855030102 5438.08 249305 SH SOLE 249305
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 2444.32 150996 SH SOLE 150996
STATE STREET CORP. COM 857477103 6611.13 102300 SH SOLE 102300
STEEL DYNAMICS, INC. COM 858119100 469.07 29900 SH SOLE 29900
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 1053.18 50300 SH SOLE 50300
STERIS CORPORATION COM 859152100 529.37 38500 SH SOLE 38500
STERLING COMMERCE, INC. COM 859205106 648.46 34933 SH SOLE 34933
STMICROELECTRONICS N.V. COM 861012102 11066.70 149550 SH SOLE 149550
STRAYER EDUCATION, INC. COM 863236105 427.31 21500 SH SOLE 21500
STRYKER CORP. COM 863667101 572.60 11200 SH SOLE 11200
SUIZA FOODS CORP. COM 865077101 6806.25 181500 SH SOLE 181500
SUMMIT BANCORP COM 866005101 7324.82 225810 SH SOLE 225810
SUMMIT DESIGN, INC. COM 86605U101 332.06 131200 SH SOLE 131200
SUN MICROSYSTEMS INC. COM 866810104 58353.78 627460 SH SOLE 627460
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SUNGARD DATA SYSTEMS INC. COM 867363103 1847.96 70230 SH SOLE 70230
SUNTERRA CORP. COM 86787D109 1175.62 99000 SH SOLE 99000
SUNTRUST BANKS INC. COM 867914103 973.10 14800 SH SOLE 14800
SWIFT TRANSPORTATION CO. INC. COM 870756103 1370.28 69600 SH SOLE 69600
SYBRON CORP. COM 87114F106 1916.18 71300 SH SOLE 71300
SYKES ENTERPRISES, INC. COM 871237103 1338.08 54200 SH SOLE 54200
SYLVAN LEARNING SYSTEMS, INC. COM 871399101 1217.71 62850 SH SOLE 62850
SYMANTEC CORP. COM 871503108 6902.45 191900 SH SOLE 191900
SYMBOL TECHNOLOGIES, INC. COM 871508107 13108.20 389835 SH SOLE 389835
SYNOPSYS INC. COM 871607107 2759.50 49140 SH SOLE 49140
SYSCO CORP. COM 871829107 550.48 15700 SH SOLE 15700
TCF FINANCIAL CORP. COM 872275102 654.94 22930 SH SOLE 22930
TJX COMPANIES INC. COM 872540109 12969.87 462170 SH SOLE 462170
TMP WORLDWIDE INC. COM 872941109 584.40 9600 SH SOLE 9600
TV GUIDE, INC. CL A 87307Q109 1169.83 29900 SH SOLE 29900
TAIWAN SEMICONDUCTOR MFG CO. SPONSORED ADR 874039100 12667.89 429420 SH SOLE 429420
TANDY CORP. COM 875382103 14896.48 288200 SH SOLE 288200
TECH DATA CORP. COM 878237106 912.61 39200 SH SOLE 39200
TEKELEC COM 879101103 1857.84 134500 SH SOLE 134500
TELEBANC FINANCIAL CORP. COM 87925R109 579.60 25200 SH SOLE 25200
TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 11585.41 154600 SH SOLE 154600
TELLABS, INC. COM 879664100 34929.18 613460 SH SOLE 613460
TEMPLE-INLAND, INC. COM 879868107 10387.85 171700 SH SOLE 171700
TERADYNE INC. COM 880770102 7215.67 204700 SH SOLE 204700
TERAYON COMMUNICATION SYSTEMS COM 880775101 347.01 7100 SH SOLE 7100
TEREX CORP. COM 880779103 1417.50 45000 SH SOLE 45000
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 14590.77 290000 SH SOLE 290000
TETRA TECH, INC. COM 88162G103 1693.71 101493 SH SOLE 101493
TEXACO INC. COM 881694103 12353.56 195700 SH SOLE 195700
TEXAS INSTRUMENTS INC. COM 882508104 37177.00 452000 SH SOLE 452000
TEXAS UTILITIES CO. COM 882848104 1429.08 38300 SH SOLE 38300
TEXTRON, INC. COM 883203101 1733.20 22400 SH SOLE 22400
THERAGENICS CORP. COM 883375107 1445.08 113340 SH SOLE 113340
3COM CORP. COM 885535104 465.75 16200 SH SOLE 16200
TICKETMASTER ONLINE-CITYSEARCH CL B 88633P203 3074.29 127100 SH SOLE 127100
TIME WARNER INC. COM 887315109 29451.60 484800 SH SOLE 484800
TIME WARNER TELECOM INC. CL A 887319101 899.71 43100 SH SOLE 43100
TOSCO CORP. COM NEW 891490302 662.81 26250 SH SOLE 26250
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
TOTAL RENAL CARE HOLDINGS, INC COM 89151A107 5445.35 732100 SH SOLE 732100
TOTAL RENAL CARE HOLDINGS, INC SB NT CV144A7%09 89151AAA5 3756.30 5700000 PRN SOLE 0
TOWER AUTOMOTIVE, INC. COM 891707101 9501.72 479570 SH SOLE 479570
TRANSACTION SYSTEMS ARCHITECTS CL A 893416107 1144.86 42500 SH SOLE 42500
TRANSWITCH CORP. COM 894065101 1846.80 32400 SH SOLE 32400
TREEV, INC. PFD CONV SER A 894692201 1368.05 200800 SH SOLE 200800
TRICON GLOBAL RESTAURANTS, INC COM 895953107 294.75 7200 SH SOLE 7200
TRIBUNE COMPANY COM 896047107 557.20 11200 SH SOLE 11200
TRIGON HEALTHCARE, INC. COM 89618L100 622.83 21570 SH SOLE 21570
TRIUMPH GROUP, INC. COM 896818101 780.95 29400 SH SOLE 29400
TV AZTECA, S.A. DE C.V. SPONSORED ADR 901145102 1816.50 363300 SH SOLE 363300
TYCO INTERNATIONAL LTD. COM 902124106 90212.62 873730 SH SOLE 873730
USX - MARATHON GROUP COM NEW 902905827 8973.02 306770 SH SOLE 306770
US BANCORP COM 902973106 8959.79 296800 SH SOLE 296800
USA NETWORKS, INC. COM 902984103 13345.50 344400 SH SOLE 344400
U.S. FOODSERVICE COM 90331R101 1849.68 102760 SH SOLE 102760
US LEC CORP. CL A 90331S109 322.58 13100 SH SOLE 13100
USX-US STEEL GROUP INC. COM 90337T101 262.65 10200 SH SOLE 10200
US ONCOLOGY, INC. COM 90338W103 812.04 89600 SH SOLE 89600
UNILEVER N.V. ADR NY SHS NEW 904784709 1830.79 26874 SH SOLE 26874
UNICOM CORP. COM 904911104 1536.62 41600 SH SOLE 41600
UNION PACIFIC CORP. COM 907818108 538.30 11200 SH SOLE 11200
UNIONBANCAL CORP. COM 908906100 652.50 18000 SH SOLE 18000
UNISYS CORP. COM 909214108 23568.78 522300 SH SOLE 522300
UNITED HEALTHCARE CORP. COM 910581107 1046.79 21500 SH SOLE 21500
U.S. CELLULAR CORP. COM 911684108 1380.40 20300 SH SOLE 20300
U.S. CELLULAR CORP. LYON ZERO 15 911684AA6 5724.00 9000000 PRN SOLE 0
U.S. INDUSTRIES, INC. COM 912080108 5055.75 321000 SH SOLE 321000
U.S. WEST, INC. COM 91273H101 1318.15 23100 SH SOLE 23100
UNITED TECHNOLOGIES CORP. COM 913017109 2508.93 42300 SH SOLE 42300
UNITRODE CORP. COM 913283107 1201.20 28600 SH SOLE 28600
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 884.92 34200 SH SOLE 34200
UNIVISION COMMUNICATIONS INC. CL A 914906102 1586.81 19500 SH SOLE 19500
UNOCAL CORP. COM 915289102 15533.10 419100 SH SOLE 419100
USFREIGHTWAYS CORP. COM 916906100 990.13 20900 SH SOLE 20900
USINTERNETWORKING, INC. COM 917311805 1462.50 46800 SH SOLE 46800
USWEB CORP. COM 917327108 12189.69 355250 SH SOLE 355250
VALASSIS COMMUNICATIONS, INC. COM 918866104 1329.12 30250 SH SOLE 30250
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
VALSPAR CORP. COM 920355104 555.69 17000 SH SOLE 17000
VENTANA MEDICAL SYSTEMS COM 92276H106 263.50 15500 SH SOLE 15500
VERITAS SOFTWARE CORP. COM 923436109 599.91 7900 SH SOLE 7900
VERITY COM 92343C106 8044.23 116900 SH SOLE 116900
VERSATEL TELECOM INT'L NV SPONSORED ADR 925301103 763.25 71000 SH SOLE 71000
VERTICALNET, INC. COM 92532L107 2208.90 59700 SH SOLE 59700
VETERINARY CENTERS OF AMERICA COM 925514101 407.19 35600 SH SOLE 35600
VIACOM, INC. CL B 925524308 13194.67 312300 SH SOLE 312300
VIATEL, INC. COM 925529208 5321.34 180000 SH SOLE 180000
VIGNETTE CORP. COM 926734104 705.90 7800 SH SOLE 7800
VISIO CORP. COM 927914101 1452.25 37000 SH SOLE 37000
VISUAL NETWORKS, INC. COM 928444108 1608.40 37900 SH SOLE 37900
VISX, INC. COM 92844S105 2198.81 27800 SH SOLE 27800
VITESSE SEMICONDUCTOR CORP. COM 928497106 1297.70 15200 SH SOLE 15200
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 22951.19 96535 SH SOLE 96535
VOICESTREAM WIRELESS CORP. COM 928615103 1300.41 21070 SH SOLE 21070
VORNADO REALTY TRUST PFD CONV SER A 929042208 1636.25 35000 SH SOLE 35000
WACHOVIA CORP. COM 929771103 723.35 9200 SH SOLE 9200
WADDELL & REED FINANCIAL, INC. CL A 930059100 1830.51 82500 SH SOLE 82500
WAL-MART STORES INC. COM 931142103 49850.78 1048100 SH SOLE 1048100
WALGREEN CO. COM 931422109 1169.78 46100 SH SOLE 46100
WARNER-LAMBERT CO. COM 934488107 22043.13 332100 SH SOLE 332100
WASHINGTON MUTUAL, INC. COM 939322103 1026.67 35100 SH SOLE 35100
WASTE MANAGEMENT, INC. COM 94106L109 777.50 40390 SH SOLE 40390
WASTE MANAGEMENT, INC. SUB NT CONV 4%02 94106LAA7 898.00 1000000 PRN SOLE 0
WATERS CORP. COM 941848103 970.21 16020 SH SOLE 16020
WATSCO, INC. COM 942622200 1214.85 106800 SH SOLE 106800
WATSON PHARMACEUTICALS, INC. COM 942683103 1793.43 58680 SH SOLE 58680
WEATHERFORD INT'L, INC. COM 947074100 9489.28 296540 SH SOLE 296540
WEBTRENDS CORP. COM 94844D104 1372.54 30800 SH SOLE 30800
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 284.43 4990 SH SOLE 4990
WELLS FARGO COMPANY COM 949746101 2952.06 74500 SH SOLE 74500
WENDY'S FINANCING I TECONS SER A 950588202 4520.00 80000 SH SOLE 80000
WESCO INT'L, INC. COM 95082P105 1741.61 123300 SH SOLE 123300
WESLEY JESSEN VISIONCARE, INC. COM 951018100 960.59 30800 SH SOLE 30800
WESTERN WIRELESS CORP. CL A 95988E204 953.83 21270 SH SOLE 21270
WESTPOINT STEVENS INC. COM 961238102 271.68 11500 SH SOLE 11500
WESTVACO CORP. COM 961548104 425.37 16600 SH SOLE 16600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
WEYERHAEUSER COMPANY COM 962166104 558.96 9700 SH SOLE 9700
WHITTMAN-HART, INC. COM 966834103 1264.26 32600 SH SOLE 32600
WHOLE FOODS MARKET INC. COM 966837106 1079.72 33000 SH SOLE 33000
WILD OATS MARKETS INC. COM 96808B107 805.80 20400 SH SOLE 20400
WILLAMETTE INDUSTRIES, INC. COM 969133107 6028.87 139800 SH SOLE 139800
WILLIAMS COMPANIES INC. COM 969457100 1888.77 50200 SH SOLE 50200
WILLIAMS-SONOMA, INC. COM 969904101 14505.76 298700 SH SOLE 298700
WIND RIVER SYSTEMS, INC. COM 973149107 1314.80 69200 SH SOLE 69200
WM. WRIGLEY JR. COMPANY COM 982526105 364.70 5300 SH SOLE 5300
XILINX INC. COM 983919101 22133.75 337760 SH SOLE 337760
XIRCOM INC. COM 983922105 687.27 16100 SH SOLE 16100
XEROX CORP. COM 984121103 5770.66 137600 SH SOLE 137600
YAHOO! INC. COM 984332106 20445.05 113900 SH SOLE 113900
YOUNG & RUBICAM INC. COM 987425105 8312.48 188920 SH SOLE 188920
YOUNG BROADCASTING INC. CL A 987434107 1414.12 27000 SH SOLE 27000
ZALE CORP. COM 988858106 7773.70 202900 SH SOLE 202900
ZIFF-DAVIS INC. - ZDNET GROUP COM 989511100 2583.22 160200 SH SOLE 160200
ZIONS BANCORPORATION COM 989701107 672.52 12200 SH SOLE 12200
ZOMAX OPTICAL MEDIA, INC. COM 989929104 853.87 33000 SH SOLE 33000
ACE LIMITED ORD G0070K103 2989.55 176500 SH SOLE 176500
GEMSTAR INT'L GROUP LTD. ORD G3788V106 531.25 6800 SH SOLE 6800
GLOBAL CROSSING LTD. COM G3921A100 440.03 16605 SH SOLE 16605
GLOBALSTAR TELECOMMUNICATION COM G3930H104 407.10 17700 SH SOLE 17700
TOMMY HILFIGER CORP. ORD G8915Z102 6373.30 226100 SH SOLE 226100
TRANSOCEAN OFFSHORE INC. ORD G90076103 8575.00 280000 SH SOLE 280000
GALILEO TECHNOLOGY LTD ORD M47298100 1200.00 48000 SH SOLE 48000
GILAT SATELLITE NETWORKS LTD ORD M51474100 2161.08 40300 SH SOLE 40300
ORCKIT COMMUNICATIONS LTD. COM M7531S107 509.40 14400 SH SOLE 14400
BAAN COMPANY N.V. COM N08044104 3970.10 273800 SH SOLE 273800
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 10728.00 238400 SH SOLE 238400
FLEXTRONICS INT'L LTD. ORD Y2573F102 15128.88 260000 SH SOLE 260000
GRAND TOTAL $5201505
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