UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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 8/11/99
------------------------- ---------------------- -------
[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: 1,033
Form 13F Information Table Value Total: $5,469,898
(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>
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ADT OPERATIONS, INC. LYON ZERO CPN 10 000945AC9 8974.00 3500000 PRN SOLE 0
AES (THE) CORP. COM 00130H105 388.27 6680 SH SOLE 6680
AT&T CANADA INC. DEPS RCPT CL B 00207Q202 960.94 15000 SH SOLE 15000
ADAPTEC INC. COM 00651F108 855.63 24230 SH SOLE 24230
ADTRAN, INC. COM 00738A106 476.51 13100 SH SOLE 13100
ALZA CORP. SUB LYON ZERO 14 022615AC2 1977.00 3000000 PRN SOLE 0
ALZA CORP. SUB DB CONV 5%06 022615AD0 9335.25 6750000 PRN SOLE 0
AMERICA ONLINE, INC. COM 02364J104 59628.01 539620 SH SOLE 539620
AMERICAN GENERAL DELAWARE MIPS SERA 02637G200 6545.00 70000 SH SOLE 70000
AMERICREDIT CORP. COM 03060R101 1526.40 95400 SH SOLE 95400
AMERISOURCE HEALTH CORP. CL A 03071P102 1433.10 56200 SH SOLE 56200
ANTEC CORP. COM 03664P105 6749.26 210500 SH SOLE 210500
APARTMENT INVT & MGMT COMPANY CL A 03748R101 1825.42 42700 SH SOLE 42700
APPLIEDTHEORY CORP. COM 03828R104 1962.22 153900 SH SOLE 153900
ASIA PULP & PAPER COMPANY LTD. SPONSORED ADR 04516V100 5412.13 562300 SH SOLE 562300
REPUBLIC INDUSTRIES, INC. TRACES RWIN 05300A202 1620.00 90000 SH SOLE 90000
AUTOMATIC DATA PROCESSING INC. LYON SUB ZERO 12 053015AC7 4496.00 4000000 PRN SOLE 0
AWARE, INC. COM 05453N100 3519.33 76300 SH SOLE 76300
BJ'S WHOLESALE CLUB, INC. COM 05548J106 420.28 13980 SH SOLE 13980
BANK ONE CORP. COM 06423A103 3222.35 54100 SH SOLE 54100
BANKBOSTON CORP. COM 06605R106 17443.85 341200 SH SOLE 341200
BESTFOODS COM 08658U101 673.20 13600 SH SOLE 13600
BLYTH INDUSTRIES, INC. COM 09643P108 1670.62 48600 SH SOLE 48600
BOSTON SCIENTIFIC CORP. COM 101137107 812.85 18500 SH SOLE 18500
BOWATER INC. COM 102183100 434.22 9190 SH SOLE 9190
AFLAC INC. COM 1055102 309.27 6460 SH SOLE 6460
AGCO CORP. COM 1084102 6045.66 534400 SH SOLE 534400
BRINKER INTERNATIONAL INC. COM 109641100 1038.58 38200 SH SOLE 38200
BRISTOL MYERS SQUIBB CO. COM 110122108 49102.32 697100 SH SOLE 697100
BRITISH STEEL PLC ADR FINAL INST 111015301 320.57 12300 SH SOLE 12300
BROADVISION, INC. COM 111412102 626.87 8500 SH SOLE 8500
ALASKA AIR GROUP COM 11659109 672.17 16100 SH SOLE 16100
THE BUCKLE, INC. COM 118440106 908.50 31600 SH SOLE 31600
BUFFETS, INC. COM 119882108 5467.10 475400 SH SOLE 475400
BURLINGTON NORTHERN SANTA FE COM 12189T104 647.90 20900 SH SOLE 20900
BURLINGTON RESOURCES INC. COM 122014103 10773.57 249100 SH SOLE 249100
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BURR-BROWN CORP. COM 122574106 1961.26 53550 SH SOLE 53550
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 529.25 14500 SH SOLE 14500
CBS CORP. COM 12490K107 15359.67 353600 SH SOLE 353600
C-CUBE MICROSYSTEMS INC. COM 125015107 526.02 16600 SH SOLE 16600
CDW COMPUTER CENTERS, INC. COM 125129106 2068.00 47000 SH SOLE 47000
CIGNA CORP. COM 125509109 818.80 9200 SH SOLE 9200
CIT GROUP, INC. (THE) CL A 125577106 242.55 8400 SH SOLE 8400
CNF TRANSPORTATION INC. COM 12612W104 276.30 7200 SH SOLE 7200
CSG SYSTEMS INT'L, INC. COM 126349109 219.97 8400 SH SOLE 8400
CSX CORP. COM 126408103 462.82 10200 SH SOLE 10200
CVS CORP. COM 126650100 29135.57 574100 SH SOLE 574100
CABLE & WIRELESS PLC SPONSORED ADR 126830207 6748.13 170300 SH SOLE 170300
CABLEVISION SYSTEMS CORP. CL A 12686C109 11963.00 170900 SH SOLE 170900
CABLETRON SYSTEM INC. COM 126920107 3497.00 269000 SH SOLE 269000
CADENCE DESIGN SYSTEMS, INC. COM 127387108 660.45 51800 SH SOLE 51800
ALBERTSON'S INC. COM 13104104 996.55 19327 SH SOLE 19327
CAMPBELL SOUP CO. COM 134429109 978.51 21100 SH SOLE 21100
ALCOA INC. COM 13817101 1070.43 17300 SH SOLE 17300
CAPITAL ONE FINANCIAL CORP COM 14040H105 601.43 10800 SH SOLE 10800
CAPITAL SENIOR LIVING CORP. COM 140475104 1382.00 138200 SH SOLE 138200
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 4081.00 5300000 PRN SOLE 0
CARDINAL HEALTH, INC. COM 14149Y108 5957.08 92898 SH SOLE 92898
CARNIVAL CORP. COM 143658102 17823.75 367500 SH SOLE 367500
CARRIAGE SERVICES, INC. CL A 143905107 832.50 44400 SH SOLE 44400
CARRAMERICA REALTY CORP. COM 144418100 2500.00 100000 SH SOLE 100000
CASELLA WASTE SYSTEMS, INC. CL A 147448104 1383.20 53200 SH SOLE 53200
CATALINA MARKETING CORP. COM 148867104 1968.80 21400 SH SOLE 21400
CATALYTICA, INC. COM 148885106 863.80 61700 SH SOLE 61700
CATERPILLAR INC. COM 149123101 960.00 16000 SH SOLE 16000
CELESTICA INC. SUB VTG SHS 15101Q108 6250.06 144300 SH SOLE 144300
CENDANT CORP. COM 151313103 21151.90 1031800 SH SOLE 1031800
CENDANT CORP. COM 151313301 6033.53 175200 SH SOLE 175200
CENTOCOR INC. COM 152342101 10615.58 227680 SH SOLE 227680
CENTURY COMMUNICATIONS CORP. CL A 156503104 1642.20 35700 SH SOLE 35700
CENTURY MAINTENANCE SUPPLY COM 156616401 2810.36 27219 SH SOLE 27219
CENTURYTEL INC. COM 156700106 696.02 17510 SH SOLE 17510
CERIDIAN CORP. COM 15677T106 3873.52 118500 SH SOLE 118500
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CHANCELLOR MEDIA CORP. COM 158915108 16383.15 297200 SH SOLE 297200
CHARTER ONE FINANCIAL, INC. COM 160903100 325.13 11690 SH SOLE 11690
CHASE MANHATTAN CORP. COM 16161A108 37205.43 429500 SH SOLE 429500
CHATTEM, INC. COM 162456107 795.32 25000 SH SOLE 25000
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 1699.12 69000 SH SOLE 69000
CHEVRON CORP. COM 166751107 18485.50 194200 SH SOLE 194200
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 5630.62 105000 SH SOLE 105000
CHUBB CORP. COM 171232101 535.15 7700 SH SOLE 7700
CIBER, INC. COM 17163B102 1105.42 57800 SH SOLE 57800
CIENA CORPORATION COM 171779101 440.74 14600 SH SOLE 14600
CINCINNATI BELL, INC. COM 171870108 227.18 9110 SH SOLE 9110
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 28856.04 310280 SH SOLE 310280
CISCO SYSTEMS, INC. COM 17275R102 119724.9 1856200 SH SOLE 1856200
CINTAS CORP. COM 172908105 524.06 7800 SH SOLE 7800
CITIGROUP INC. COM 172967101 39930.87 840650 SH SOLE 840650
AMR CORP. COM 1765106 593.77 8700 SH SOLE 8700
CITIZENS UTILITIES TRUST PFD EPPICS CV 177351202 1458.75 30000 SH SOLE 30000
CITRIX SYSTEMS, INC. COM 177376100 22281.34 394360 SH SOLE 394360
CITY NATIONAL CORP. COM 178566105 2173.27 58050 SH SOLE 58050
CLARIFY INC. COM 180492100 1072.50 26000 SH SOLE 26000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 36038.71 522770 SH SOLE 522770
CLOROX COMPANY COM 189054109 491.33 4600 SH SOLE 4600
COACH USA, INC. COM 18975L106 2054.96 49000 SH SOLE 49000
COASTAL CORP. COM 190441105 7480.00 187000 SH SOLE 187000
COCA-COLA CO. COM 191216100 21225.00 339600 SH SOLE 339600
COCA-COLA ENTERPRISES, INC. COM 191219104 541.45 18200 SH SOLE 18200
COGNOS, INC. COM 19244C109 943.95 43400 SH SOLE 43400
KENNETH COLE PRODUCTIONS, INC. COM 193294105 691.30 24800 SH SOLE 24800
COLGATE-PALMOLIVE CO. COM 194162103 18505.75 187400 SH SOLE 187400
ALLIED-SIGNAL INC. COM 19512102 17797.50 282500 SH SOLE 282500
AT&T CORP.-LIBERTY MEDIA GROUP COM 1957109 64852.86 1161967 SH SOLE 1161967
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 1957208 37003.57 1006900 SH SOLE 1006900
ALLIED WASTE INDUSTRIES, INC. COM PAR $.01 NEW 19589308 416.72 21100 SH SOLE 21100
ALLMERICA FINANCIAL CORP. COM 19754100 386.16 6350 SH SOLE 6350
COLUMBIA/HCA HEALTHCARE CORP. COM 197677107 1282.09 56200 SH SOLE 56200
COMAIR HOLDINGS, INC. COM 199789108 2034.26 97740 SH SOLE 97740
AMERICAN EAGLE OUTFITTERS INC. COM 2.55E+109 8276.45 181900 SH SOLE 181900
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ALLSTATE CORP. COM 20002101 1391.95 38800 SH SOLE 38800
COMCAST CORP. CL A SPL 200300200 1821.96 47400 SH SOLE 47400
COMDISCO, INC. COM 200336105 366.43 14300 SH SOLE 14300
COMERICA, INC. COM 200340107 457.67 7700 SH SOLE 7700
ALLTEL CORP. COM 20039103 10474.75 146500 SH SOLE 146500
COMMERCE BANCORP, INC. COM 200519106 1413.95 33075 SH SOLE 33075
COMMUNITY FIRST BANKSHARES INC COM 203902101 1625.88 68100 SH SOLE 68100
COMPAQ COMPUTER CORP COM 204493100 5768.02 243500 SH SOLE 243500
COMPASS BANCSHARES, INC. COM 20449H109 5821.96 213650 SH SOLE 213650
COMPUTER ASSOCIATES INT'L INC. COM 204912109 8844.00 160800 SH SOLE 160800
COMPUTER SCIENCES CORP. COM 205363104 11540.55 166800 SH SOLE 166800
COMPUWARE CORP. COM 205638109 21958.92 690250 SH SOLE 690250
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 3978.85 52700 SH SOLE 52700
CONAGRA, INC. COM 205887102 599.06 22500 SH SOLE 22500
CONCENTRIC NETWORK CORP. COM 20589R107 6785.32 170700 SH SOLE 170700
CONCENTRA MANAGED CARE, INC. COM 20589T103 811.75 54800 SH SOLE 54800
CONCORD EFS, INC. COM 206197105 16692.47 394500 SH SOLE 394500
CONSECO, INC. COM 208464107 462.65 15200 SH SOLE 15200
CONSOLIDATED EDISON, INC. COM 209115104 497.75 11000 SH SOLE 11000
CONSOLIDATED GRAPHICS, INC. COM 209341106 1580.00 31600 SH SOLE 31600
CONSOLIDATED NATURAL GAS CO. COM 209615103 303.75 5000 SH SOLE 5000
CONSOLIDATED STORES CORP. COM 210149100 216.00 8000 SH SOLE 8000
ALTERA CORP. COM 21441100 9597.14 260700 SH SOLE 260700
CORNING INC. COM 219350105 757.35 10800 SH SOLE 10800
CORT BUSINESS SERVICES CORP. COM 220493100 655.90 27400 SH SOLE 27400
COSTCO COMPANIES, INC. COM 22160Q102 20055.78 250500 SH SOLE 250500
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 5117.55 5450000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 1924.95 2050000 PRN SOLE 0
COTELLIGENT, INC. COM 221630106 310.95 39800 SH SOLE 39800
COVAD COMMUNICATION GROUP INC. COM 222814204 11657.52 218662 SH SOLE 218662
COVANCE INC. COM 222816100 1254.35 52400 SH SOLE 52400
COX COMMUNICATIONS, INC. CL A 224044107 398.31 10820 SH SOLE 10820
COX RADIO, INC. CL A 224051102 1551.55 28600 SH SOLE 28600
CRANE COMPANY COM 224399105 463.55 14745 SH SOLE 14745
CROMPTON & KNOWLES CORP. COM 227111101 421.58 21550 SH SOLE 21550
CROWN CASTLE INT'L CORP. COM 228227104 1111.41 53400 SH SOLE 53400
AMAZON.COM, INC. COM 23135106 200.20 1600 SH SOLE 1600
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AMBAC INC. COM 23139108 308.47 5400 SH SOLE 5400
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 1605.60 57600 SH SOLE 57600
CYTEC INDUSTRIES INC. COM 232820100 414.37 13000 SH SOLE 13000
CYTYC CORPORATION COM 232946103 1054.95 54100 SH SOLE 54100
DST SYSTEMS, INC. COM 233326107 2118.88 33700 SH SOLE 33700
DALLAS SEMICONDUCTOR CORP. COM 235204104 1903.85 37700 SH SOLE 37700
DANA CORP. COM 235811106 1814.88 39400 SH SOLE 39400
DANAHER CORP. COM 235851102 1923.93 33100 SH SOLE 33100
DARDEN RESTAURANTS INC. COM 237194105 541.83 24840 SH SOLE 24840
DATA PROCESSING RESOURCES CORP COM 237823109 1211.96 51300 SH SOLE 51300
DAVE & BUSTER'S, INC. COM 23833N104 1586.30 54700 SH SOLE 54700
DAYTON HUDSON CORP. COM 239753106 19194.50 295300 SH SOLE 295300
AVT CORP. COM 2420107 1136.25 30000 SH SOLE 30000
DEERE & COMPANY COM 244199105 444.78 11350 SH SOLE 11350
DELL COMPUTER CORPORATION COM 247025109 19288.10 521300 SH SOLE 521300
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 408.59 22086 SH SOLE 22086
DELTA AIR LINES INC. COM 247361108 8943.40 155200 SH SOLE 155200
DENTSPLY INT'L INC. COM 249030107 960.40 34300 SH SOLE 34300
DEVON ENERGY CORP. COM 251799102 354.64 9920 SH SOLE 9920
DIAL CORP. COM 25247D101 9004.70 242140 SH SOLE 242140
DIAMOND OFFSHORE DRILLING COM 25271C102 785.98 27700 SH SOLE 27700
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 5631.60 5700000 PRN SOLE 0
DIME BANCORP, INC. COM 25429Q102 241.50 12000 SH SOLE 12000
DIONEX CORP. COM 254546104 1121.85 27700 SH SOLE 27700
DISNEY (WALT) CO. COM 254687106 14614.60 474300 SH SOLE 474300
AMERICAN ELECTRIC POWER CO. COM 25537101 338.06 9000 SH SOLE 9000
DOLLAR GENERAL CORP. COM 256669102 9253.17 319075 SH SOLE 319075
DOLLAR TREE STORES, INC. COM 256747106 2613.60 59400 SH SOLE 59400
DLJDIRECT COM 257661108 6923.93 114920 SH SOLE 114920
AMERICAN EXPRESS CO. COM 25816109 32622.33 250700 SH SOLE 250700
DOUBLECLICK COM 258609304 229.37 2500 SH SOLE 2500
DOVER CORP. COM 260003108 1526.00 43600 SH SOLE 43600
DOW CHEMICAL CO. COM 260543103 1230.68 9700 SH SOLE 9700
AMERICAN GENERAL CORP. COM 26351106 889.42 11800 SH SOLE 11800
DUPONT (E.I.) DE NEMOURS COM 263534109 19284.75 282300 SH SOLE 282300
DUANE READE INC. COM 263578106 1280.12 41800 SH SOLE 41800
DUKE ENERGY CORP. COM 264399106 936.33 17200 SH SOLE 17200
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AMERICAN HOME PRODUCTS CORP. COM 26609107 26875.50 467400 SH SOLE 467400
DYCOM INDUSTRIES, INC. COM 267475101 2156.00 38500 SH SOLE 38500
ECI TELECOM LIMITED ORD 268258100 245.59 7400 SH SOLE 7400
EMC CORP. COM 268648102 33396.00 607200 SH SOLE 607200
AMERICAN INT'L GROUP INC. COM 26874107 61153.71 522400 SH SOLE 522400
ENSCO INTERNATIONAL, INC. COM 26874Q100 781.96 39220 SH SOLE 39220
ETEC SYSTEMS, INC. COM 26922C103 718.20 21600 SH SOLE 21600
EARTHLINK NETWORK, INC. COM 270322100 1136.60 18500 SH SOLE 18500
AMERICAN ITALIAN PASTA CO. CL A 27070101 513.33 16900 SH SOLE 16900
AMERICAN MANAGEMENT SYS INC. COM 27352103 580.34 18100 SH SOLE 18100
EASTMAN KODAK CO. COM 277461109 1023.02 15100 SH SOLE 15100
ECHOSTAR COMMUNICATIONS CORP PFD CV SER C 278762307 6200.00 20000 SH SOLE 20000
EDISON INT'L COM 281020107 444.05 16600 SH SOLE 16600
ABBOTT LABORATORIES COM 2824100 15324.40 336800 SH SOLE 336800
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 3390.75 68500 SH SOLE 68500
ELECTRONIC ARTS INC. COM 285512109 12803.00 236000 SH SOLE 236000
ELECTRONIC DATA SYSTEMS CORP COM 285661104 10396.27 183800 SH SOLE 183800
ELECTRONICS FOR IMAGING, INC. COM 286082102 1150.80 22400 SH SOLE 22400
ABERCROMBIE & FITCH COMPANY CL A 2896207 21304.32 443840 SH SOLE 443840
AMERICAN POWER CONVERSION CORP COM 29066107 1494.48 74260 SH SOLE 74260
EMERSON ELECTRIC CO. COM 291011104 1271.34 20200 SH SOLE 20200
EMMIS COMMUNICATIONS CORP. CL A 291525103 2049.06 41500 SH SOLE 41500
ENGINEERING ANIMATION, INC. COM 292872108 529.70 25000 SH SOLE 25000
ENRON CORP. COM 293561106 2836.72 34700 SH SOLE 34700
EQUIFAX INC. COM 294429105 329.40 9230 SH SOLE 9230
EQUITY OFFICE PROPERTIES TRUST COM 294741103 9087.75 354644 SH SOLE 354644
AMERICAN SKIING CO. COM 29654308 463.18 114000 SH SOLE 114000
ETHAN ALLEN INTERIORS INC. COM 297602104 1936.00 51285 SH SOLE 51285
AMERICAN TOWER CORP. CL A 29912201 10032.00 418000 SH SOLE 418000
FINOVA FINANCE TRUST TOPRS CV 9.16% 3.18E+211 3832.84 55000 SH SOLE 55000
GREAT PLAINS SOFTWARE INC. COM 3.91E+109 986.22 20900 SH SOLE 20900
EXCEL SWITCHING CORP. COM 30067V108 6864.78 229300 SH SOLE 229300
EXPEDITORS INT'L OF WASHINGTON COM 302130109 457.25 16780 SH SOLE 16780
EXPRESS SCRIPTS, INC. CL A 302182100 2015.69 33490 SH SOLE 33490
EXTREME NETWORKS, INC. COM 30226D106 2316.71 39900 SH SOLE 39900
EXXON CORP. COM 302290101 8784.53 113900 SH SOLE 113900
FPL GROUP INC. COM 302571104 469.77 8600 SH SOLE 8600
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
FACTSET RESEARCH SYSTEMS INC. COM 303075105 1104.18 19500 SH SOLE 19500
FAMILY DOLLAR STORES, INC. COM 307000109 11932.80 497200 SH SOLE 497200
AMERITECH CORP. COM 30954101 25350.15 344900 SH SOLE 344900
AMGEN INC. COM 31162100 22822.03 374900 SH SOLE 374900
FDX CORP. COM 31304N107 716.10 13200 SH SOLE 13200
FEDERAL HOME LOAN MTG CORP. COM 313400301 31940.60 550700 SH SOLE 550700
FEDERAL-MOGUL CORP. COM 313549107 286.00 5500 SH SOLE 5500
FEDERAL NATIONAL MTG ASSOC. COM 313586109 25579.08 374100 SH SOLE 374100
FEDERATED DEPARTMENT STORES COM 31410H101 524.08 9900 SH SOLE 9900
FIFTH THIRD BANCORP COM 316773100 838.69 12600 SH SOLE 12600
FINOVA GROUP, INC. COM 317928109 1366.14 25960 SH SOLE 25960
FIRST CONSULTING GROUP, INC. COM 31986R103 877.62 82600 SH SOLE 82600
FIRST DATA CORP. COM 319963104 1358.51 27760 SH SOLE 27760
FIRST HEALTH GROUP CORP. COM 320960107 1060.89 49200 SH SOLE 49200
ANALOG DEVICES, INC. COM 32654105 16762.79 334000 SH SOLE 334000
FIRST TENNESSEE NAT'L CORP. COM 337162101 314.16 8200 SH SOLE 8200
FIRST UNION CORP. COM 337358105 2158.32 45800 SH SOLE 45800
FIRSTAR CORPORATION COM 33763V109 1360.80 48600 SH SOLE 48600
FISERV INC. COM 337738108 9558.60 305260 SH SOLE 305260
FLEET FINANCIAL GROUP, INC. COM 338915101 1162.62 26200 SH SOLE 26200
FLOWERS INDUSTRIES, INC. COM 343496105 463.68 21380 SH SOLE 21380
FORD MOTOR CO. COM 345370100 16795.94 297600 SH SOLE 297600
FOREST LABORATORIES, INC. CL A 345838106 8645.97 186940 SH SOLE 186940
FOSSIL INC. COM 349882100 1581.86 32700 SH SOLE 32700
FOX ENTERTAINMENT GROUP, INC. CL A 35138T107 10724.01 398100 SH SOLE 398100
FRONTIER CORP. COM 35906P105 890.90 15100 SH SOLE 15100
FURNITURE BRANDS INT'L, INC. COM 360921100 660.63 23700 SH SOLE 23700
AAR CORP. COM 361105 830.38 36600 SH SOLE 36600
ANNTAYLOR STORES INC. COM 36115103 5107.50 113500 SH SOLE 113500
G & K SERVICES INC. CL A 361268105 1545.06 29500 SH SOLE 29500
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 4077.00 3000000 PRN SOLE 0
GPU, INC. COM 36225X100 1497.67 35500 SH SOLE 35500
GTE CORP. COM 362320103 3473.00 46000 SH SOLE 46000
GALILEO INT'L, INC. COM 363547100 20210.25 378200 SH SOLE 378200
GANNETT CO. INC. COM 364730101 899.32 12600 SH SOLE 12600
GAP INC. COM 364760108 2327.32 46200 SH SOLE 46200
GARTNER GROUP, INC. COM 366651107 410.00 20000 SH SOLE 20000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
GATEWAY INC. COM 367626108 7575.60 128400 SH SOLE 128400
GAYLORD CONTAINER CORP CL A 368145108 804.73 101377 SH SOLE 101377
GAYLORD CONTAINER CORP WT EXP 110202 368145116 1023.21 127902 SH SOLE 127902
GENERAL DYNAMICS CORP. COM 369550108 413.25 6000 SH SOLE 6000
GENERAL ELECTRIC CO. COM 369604103 84298.00 746000 SH SOLE 746000
GENERAL INSTRUMENT CORP. COM 370120107 20276.75 477100 SH SOLE 477100
GENERAL MILLS INC. COM 370334104 554.58 6900 SH SOLE 6900
GENERAL MOTORS CORP. COM 370442105 13081.20 198200 SH SOLE 198200
GENERAL MOTORS CORP. CL H NEW 370442832 11999.81 213330 SH SOLE 213330
GENTEX CORP. COM 371901109 2245.60 80200 SH SOLE 80200
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 6819.10 140600 SH SOLE 140600
AON CORP. COM 37389103 495.00 12000 SH SOLE 12000
APACHE CORP. COM 37411105 405.60 10400 SH SOLE 10400
APACHE CORP. ACES C DP 1/50 37411600 2775.00 75000 SH SOLE 75000
GETTY IMAGES, INC. COM 374276103 196.86 10430 SH SOLE 10430
ABOVENET COMMUNICATIONS INC. COM 3743101 8236.50 204000 SH SOLE 204000
GILEAD SCIENCES, INC. COM 375558103 516.23 9880 SH SOLE 9880
GILLETTE CO. COM 375766102 2127.90 51900 SH SOLE 51900
APOLLO GROUP, INC. CL A 37604105 1453.39 54715 SH SOLE 54715
APPLEBEES INT'L INC. COM 37899101 1286.33 42700 SH SOLE 42700
GLIMCHER REALTY TRUST SH BEN INT 379302102 2751.12 169300 SH SOLE 169300
GLOBAL MARINE INC. COM 379352404 725.89 47020 SH SOLE 47020
GLOBAL TELESYSTEMS GROUP INC. COM 37936U104 720.90 8900 SH SOLE 8900
GOLDEN STATE BANCORP INC. COM 381197102 4811.40 218700 SH SOLE 218700
APPLIED MATERIALS INC. COM 38222105 21851.48 295790 SH SOLE 295790
GOODYEAR TIRE & RUBBER CO. COM 382550101 429.33 7300 SH SOLE 7300
GRANITE BROADCASTING CORP. PFD CONV EXCH 387241201 5285.00 140000 SH SOLE 140000
GREAT ATLANTIC & PACIFIC TEA COM 390064103 5383.02 159200 SH SOLE 159200
ARCHER-DANIELS-MIDLAND CO. COM 39483102 430.72 27900 SH SOLE 27900
GROUP1 AUTOMOTIVE, INC. COM 398905109 821.76 38900 SH SOLE 38900
IMAX CORP. COM 4.52E+113 2423.25 107700 SH SOLE 107700
GUIDANT CORP. COM 401698105 11495.36 223480 SH SOLE 223480
GULFSTREAM AEROSPACE CORP. COM 402734107 554.01 8200 SH SOLE 8200
HCR MANOR CARE COM 404134108 215.27 8900 SH SOLE 8900
HA-LO INDUSTRIES, INC. COM 404429102 629.53 63750 SH SOLE 63750
HALLIBURTON CO. COM 406216101 26321.92 581700 SH SOLE 581700
HAMBRECHT & QUIST GROUP COM 406545103 4354.76 117300 SH SOLE 117300
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
HARLEY DAVIDSON INC. COM 412822108 343.10 6310 SH SOLE 6310
HARTE-HANKS, INC. COM 416196103 973.78 35900 SH SOLE 35900
HARTFORD FINANCIAL SVCS, INC. COM 416515104 600.62 10300 SH SOLE 10300
HASBRO INC. COM 418056107 7934.39 284000 SH SOLE 284000
HEALTHSOUTH CORP. COM 421924101 450.67 30170 SH SOLE 30170
HEALTH MGMT ASSOCIATES INC. CL A 421933102 238.21 21175 SH SOLE 21175
HEALTHCARE FINANCIAL PARTNERS COM 42219W108 1020.65 29800 SH SOLE 29800
HEINZ (H.J.) CO. COM 423074103 827.06 16500 SH SOLE 16500
JACK HENRY & ASSOCIATES, INC. COM 426281101 973.40 24800 SH SOLE 24800
HERSHEY FOODS CORP. COM 427866108 1733.75 29200 SH SOLE 29200
HERTZ CORPORATION (THE) CL A 428040109 347.20 5600 SH SOLE 5600
HEWLETT-PACKARD COMPANY COM 428236103 15517.20 154400 SH SOLE 154400
HEWLETT-PACKARD COMPANY SB LYON ZERO 17 428236AC7 7848.00 12000000 PRN SOLE 0
HIBERNIA CORPORATION CL A 428656102 7123.92 454100 SH SOLE 454100
HILTON HOTELS CORP. SUB NT CONV 5%06 432848AL3 2724.00 3000000 PRN SOLE 0
HISPANIC BROADCASTING CORP. CL A 43357B104 1707.18 22500 SH SOLE 22500
HOME DEPOT, INC. COM 437076102 49256.40 764400 SH SOLE 764400
HOME DEPOT, INC. SB NT CV 3.25%01 437076AE2 10518.40 3800000 PRN SOLE 0
HON INDUSTRIES INC. COM 438092108 212.48 7280 SH SOLE 7280
HONEYWELL INC. COM 438506107 19246.83 166100 SH SOLE 166100
HOUSEHOLD INTERNATIONAL, INC. COM 441815107 1094.36 23100 SH SOLE 23100
HYPERION SOLUTIONS CORP. COM 44914M104 1035.91 58155 SH SOLE 58155
ICG COMMUNICATIONS, INC. COM 449246107 4086.90 191200 SH SOLE 191200
IMS HEALTH INC. COM 449934108 634.37 20300 SH SOLE 20300
ITC DELTACOM INC. COM 45031T104 1078.00 38500 SH SOLE 38500
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 1260.92 48380 SH SOLE 48380
ITT INDUSTRIES, INC. COM 450911102 428.14 11230 SH SOLE 11230
IDEXX LABORATORIES, INC. COM 45168D104 248.98 10680 SH SOLE 10680
ILLINOIS TOOL WORKS INC. COM 452308109 2673.20 32600 SH SOLE 32600
IMR GLOBAL CORP COM 45321W106 885.50 46000 SH SOLE 46000
INFINITY BROADCASTING CORP. CL A 45662S102 1493.45 50200 SH SOLE 50200
INFORMIX CORP. COM 456779107 5465.81 640700 SH SOLE 640700
INFOSEEK CORP. COM 45678M107 5613.53 117100 SH SOLE 117100
INGERSOLL-RAND CO. COM 456866102 497.61 7700 SH SOLE 7700
INHALE THERAPEUTIC SYSTEMS COM 457191104 1190.65 50000 SH SOLE 50000
INSIGHT ENTERPRISES, INC. COM 45765U103 2062.29 83325 SH SOLE 83325
INSITUFORM TECHNOLOGIES CL A 457667103 929.87 43000 SH SOLE 43000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INSPIRE INSURANCE SOLUTIONS COM 457732105 250.85 17300 SH SOLE 17300
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 4608.00 6400000 PRN SOLE 0
INTEL CORP. COM 458140100 59214.40 995200 SH SOLE 995200
INTER-TEL INC. COM 458372109 554.80 30400 SH SOLE 30400
INTERMEDIA COMMUNICATIONS INC. COM 458801107 10908.78 363626 SH SOLE 363626
EXCITE AT HOME CORPORATION COM SER A 45919107 22949.75 425484 SH SOLE 425484
INTERNATIONAL BUS. MACHINES COM 459200101 62453.60 483200 SH SOLE 483200
INTERNATIONAL HOME FOODS, INC. COM 459655106 7834.30 424900 SH SOLE 424900
INTL' NETWORK SERVICES COM 460053101 1721.99 42650 SH SOLE 42650
ASSOCIATES FIRST CAPITAL CORP CL A 46008108 16674.98 376300 SH SOLE 376300
INTERNATIONAL PAPER CO. COM 460146103 964.80 19200 SH SOLE 19200
INTERPUBLIC GROUP COMPANY INC. COM 460690100 18240.62 210570 SH SOLE 210570
INTERPUBLIC GROUP COMPANY INC. SB NT CV 144A 06 460690AG5 2938.00 3250000 PRN SOLE 0
INTERVOICE, INC. COM 461142101 895.15 62000 SH SOLE 62000
INTIMATE BRANDS, INC. CL A 461156101 7018.84 148155 SH SOLE 148155
INTUIT INC. COM 461202103 14789.51 164100 SH SOLE 164100
JABIL CIRCUIT, INC. COM 466313103 7062.06 156500 SH SOLE 156500
JACOBS ENGINEERING GROUP INC. COM 469814107 239.40 6300 SH SOLE 6300
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 3029.40 5400000 PRN SOLE 0
JEFFERSON-PILOT CORPORATION COM 475070108 330.94 5000 SH SOLE 5000
JOHNSON & JOHNSON COM 478160104 31614.80 322600 SH SOLE 322600
JONES APPAREL GROUP INC. COM 480074103 2246.81 65480 SH SOLE 65480
JONES PHARMA INC. COM 480236108 1496.25 38000 SH SOLE 38000
KLA INSTRUMENTS CORP. COM 482480100 4117.61 63470 SH SOLE 63470
K-MART CORP. COM 482584109 11238.66 683700 SH SOLE 683700
K-V PHARMACEUTICAL COMPANY CL A 482740206 292.95 18900 SH SOLE 18900
ACNIELSEN CORP. COM 4833109 1730.30 57200 SH SOLE 57200
KANSAS CITY SOUTHERN INDS INC. COM 485170104 421.16 6600 SH SOLE 6600
KAUFMAN & BROAD HOME CORP. COM 486168107 6661.52 267800 SH SOLE 267800
KEANE, INC. COM 486665102 940.97 41590 SH SOLE 41590
KEEBLER FOODS COMPANY COM 487256109 1171.20 38400 SH SOLE 38400
KELLOGG COMPANY COM 487836108 620.40 18800 SH SOLE 18800
ATLANTIC RICHFIELD CO. COM 48825103 1278.51 15300 SH SOLE 15300
KEY CORP COM 493267108 664.98 20700 SH SOLE 20700
KIMBERLY CLARK CORP. COM 494368103 1390.80 24400 SH SOLE 24400
ATMEL CORPORATION COM 49513104 565.66 21600 SH SOLE 21600
KNIGHT/TRIMARK GROUP, INC. CL A 499067106 14818.90 245700 SH SOLE 245700
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
KOHLS CORP. COM 500255104 17887.54 231740 SH SOLE 231740
KONINKLIJKE PHILIPS ELECTRONIC SPONSORED ADR NE 500472204 9572.63 94896 SH SOLE 94896
KROGER CO. (THE) COM 501044101 36302.07 1299380 SH SOLE 1299380
LSI LOGIC CORP. COM 502161102 382.83 8300 SH SOLE 8300
L-3 COMMUNICATIONS HOLDINGS COM 502424104 9396.87 194500 SH SOLE 194500
ACXIOM CORP. COM 5125109 535.91 21490 SH SOLE 21490
LAM RESEARCH CORP COM 512807108 9374.95 200800 SH SOLE 200800
LAMAR ADVERTISING COMPANY CL A 512815101 609.97 14900 SH SOLE 14900
LASON HOLDINGS, INC. COM 51808R107 1801.38 36300 SH SOLE 36300
LATTICE SEMICONDUCTOR CORP. COM 518415104 2490.00 40000 SH SOLE 40000
LEAR CORP. COM 521865105 1393.00 28000 SH SOLE 28000
LEARNING TREE INT'L, INC. COM 522015106 617.99 56500 SH SOLE 56500
LEGATO SYSTEMS, INC. COM 524651106 2581.42 44700 SH SOLE 44700
LEGGETT & PLATT INC. COM 524660107 738.71 26560 SH SOLE 26560
LEGG MASON, INC. COM 524901105 2052.05 53300 SH SOLE 53300
LEHMAN BROTHERS HOLDING INC. COM 524908100 13321.50 214000 SH SOLE 214000
LENNAR CORP. SR DB CV ZRO 18 526057AA2 3232.50 7500000 PRN SOLE 0
LEVEL ONE COMMUNICATIONS, INC. COM 527295109 2432.21 49700 SH SOLE 49700
LEVEL ONE COMMUNICATIONS, INC. SUB NT CONV 4%04 527295AC3 1946.00 1000000 PRN SOLE 0
LEXMARK INT'L GROUP, INC. CL A 529771107 14582.74 220740 SH SOLE 220740
AUTOMATIC DATA PROCESSING INC. COM 53015103 1284.80 29200 SH SOLE 29200
LILLY (ELI) & COMPANY COM 532457108 21953.06 306500 SH SOLE 306500
LIMITED, INC. COM 532716107 808.49 17818 SH SOLE 17818
LINCARE HOLDINGS, INC. COM 532791100 1887.50 75500 SH SOLE 75500
LINCOLN NATIONAL CORP. COM 534187109 502.20 9600 SH SOLE 9600
LINEAR TECHNOLOGY CORP. COM 535678106 17650.43 262460 SH SOLE 262460
LINENS 'N THINGS, INC. COM 535679104 1697.50 38800 SH SOLE 38800
AVERY DENNISON CORP. COM 53611109 332.06 5500 SH SOLE 5500
LIPOSOME COMPANY, INC. COM 536310105 923.73 48300 SH SOLE 48300
AVIATION SALES COMPANY COM 53672101 683.35 17300 SH SOLE 17300
AVIS RENT A CAR, INC. COM 53790101 888.31 30500 SH SOLE 30500
LOCKHEED MARTIN CORP. COM 539830109 677.95 18200 SH SOLE 18200
AVON PRODUCTS INC. COM 54303102 2059.05 37100 SH SOLE 37100
AVONDALE INDUSTRIES, INC. COM 54350103 327.60 8400 SH SOLE 8400
LOWE'S COMPANIES COM 548661107 20685.45 364900 SH SOLE 364900
BB&T CORPORATION COM 54937107 498.95 13600 SH SOLE 13600
LUCENT TECHNOLOGIES, INC. COM 549463107 59061.12 875784 SH SOLE 875784
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LYCOS, INC. COM 550818108 10133.81 110300 SH SOLE 110300
LYONDELL CHEMICAL COMPANY COM 552078107 8681.06 420900 SH SOLE 420900
MBNA CORP. COM 55262L100 31889.81 1041300 SH SOLE 1041300
MCI WORLDCOM, INC. COM 55268B106 89780.92 1043200 SH SOLE 1043200
MGIC INVESTMENT CORP. WI COM 552848103 286.88 5900 SH SOLE 5900
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 510.45 49800 SH SOLE 49800
MACDERMID, INC. COM 554273102 748.65 16100 SH SOLE 16100
BISYS (THE) GROUP, INC. COM 55472104 2369.25 40500 SH SOLE 40500
BJ SERVICES COMPANY COM 55482103 1979.99 67260 SH SOLE 67260
MACROMEDIA, INC. COM 556100105 6012.59 170570 SH SOLE 170570
MAGELLAN HEALTH SERVICES, INC. COM 559079108 950.00 95000 SH SOLE 95000
BMC SOFTWARE, INC. COM 55921100 13639.32 252580 SH SOLE 252580
MAGNA INT'L INC. SUB DB CV 144A05 559222AF1 4895.00 5000000 PRN SOLE 0
MAGNA INT'L INC. SBDB CV 4.875% 0 559222AG9 979.00 1000000 PRN SOLE 0
MALLINCKRODT, INC. COM 561232109 7242.26 199100 SH SOLE 199100
MAPICS, INC. COM 564910107 316.89 30000 SH SOLE 30000
MARKETWATCH.COM, INC. COM 570619106 3632.58 61700 SH SOLE 61700
MARSH & MCLENNAN COMPANIES INC COM 571748102 915.82 12100 SH SOLE 12100
MARSHALL & ILSLEY CORP. COM 571834100 334.75 5200 SH SOLE 5200
MARRIOTT INT'L, INC. CL A 571903202 437.28 11700 SH SOLE 11700
BAKER HUGHES INC. COM 57224107 616.40 18400 SH SOLE 18400
MASCO CORP. COM 574599106 7764.48 268900 SH SOLE 268900
MASTECH CORPORATION COM 57632N105 1249.73 67100 SH SOLE 67100
MATTEL INC. COM 577081102 12882.17 487260 SH SOLE 487260
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 2963.90 44570 SH SOLE 44570
MAY DEPARTMENT STORES CO. COM 577778103 686.70 16800 SH SOLE 16800
MAYTAG CORP. COM 578592107 2395.87 34380 SH SOLE 34380
MCDERMOTT INT'L, INC. COM 580037109 9582.40 339200 SH SOLE 339200
MCDONALDS CORP. COM 580135101 32984.29 798400 SH SOLE 798400
MCGRAW-HILL INC. COM 580645109 496.22 9200 SH SOLE 9200
MCKESSON HBOC, INC. COM 58155Q103 347.63 10800 SH SOLE 10800
MCLEODUSA INC. COM 582266102 555.50 10100 SH SOLE 10100
MEDCO RESEARCH, INC. COM 584059109 1485.75 56600 SH SOLE 56600
MEDIA GENERAL, INC. CL A 584404107 724.20 14200 SH SOLE 14200
MEDIAONE GROUP, INC. COM 58440J104 27838.56 374300 SH SOLE 374300
MEDIAONE GROUP, INC. PFD CV SER D 58440J203 6741.58 45000 SH SOLE 45000
MEDIMMUNE, INC. COM 584699102 11246.50 166000 SH SOLE 166000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MEDQUIST INC. COM 584949101 1732.50 39600 SH SOLE 39600
MEDTRONIC INC. COM 585055106 30471.78 391291 SH SOLE 391291
MELLON BANK CORPORATION COM 585509102 19518.82 536600 SH SOLE 536600
MEN'S (THE) WEARHOUSE, INC. COM 587118100 5981.15 234555 SH SOLE 234555
MENTOR CORP/MINN COM 587188103 1490.00 80000 SH SOLE 80000
MENTOR GRAPHICS CORP. COM 587200106 205.00 16000 SH SOLE 16000
MERCANTILE BANCORPORATION, INC COM 587342106 16646.22 291400 SH SOLE 291400
MERCK AND CO. INC. COM 589331107 49883.40 674100 SH SOLE 674100
MERCURY INTERACTIVE CORP. COM 589405109 1001.11 28300 SH SOLE 28300
MERRILL LYNCH & CO., INC. COM 590188108 19696.72 246400 SH SOLE 246400
MESABA HOLDINGS, INC. COM 59066B102 707.62 55500 SH SOLE 55500
META GROUP, INC. COM 591002100 1028.58 66900 SH SOLE 66900
METAMOR WORLDWIDE, INC. COM 59133P100 1626.65 67600 SH SOLE 67600
METRIS COMPANIES INC. COM 591598107 1768.55 43400 SH SOLE 43400
METTLER-TOLEDO INT'L INC. COM 592688105 469.71 18930 SH SOLE 18930
METZLER GROUP, INC. COM 592903108 1397.82 50600 SH SOLE 50600
MICREL, INC. COM 594793101 2338.40 31600 SH SOLE 31600
MICROSOFT CORP. COM 594918104 117460.8 1302400 SH SOLE 1302400
MICROCHIP TECHNOLOGY INC COM 595017104 10905.25 230190 SH SOLE 230190
MICRON TECHNOLOGY INC. COM 595112103 396.90 9800 SH SOLE 9800
MILLIPORE CORPORATION COM 601073109 527.31 13000 SH SOLE 13000
MINDSPRING ENTERPRISES, INC. COM 602683104 6155.07 138900 SH SOLE 138900
MINIMED INC. COM 60365K108 530.87 6900 SH SOLE 6900
3M CORP. COM 604059105 1651.82 19000 SH SOLE 19000
MIRAVANT MEDICAL TECHNOLOGIES COM 604690107 643.38 90300 SH SOLE 90300
BANK OF AMERICA CORP. COM 60505104 39269.74 535645 SH SOLE 535645
MOBIL CORP. COM 607059102 26343.90 266100 SH SOLE 266100
MODIS PROFESSIONAL SERVICES COM 607830106 1555.12 113100 SH SOLE 113100
MOHAWK INDUSTRIES, INC. COM 608190104 519.41 17100 SH SOLE 17100
MONSANTO COMPANY COM 611662107 8731.57 221400 SH SOLE 221400
MORGAN J.P. & CO. INC. COM 616880100 1138.05 8100 SH SOLE 8100
MORGAN STANLEY DEAN WITTER COM NEW 617446448 13642.75 133100 SH SOLE 133100
MOTOROLA, INC. COM 620076109 48641.80 513370 SH SOLE 513370
MUELLER INDUSTRIES, INC. COM 624756102 712.69 21000 SH SOLE 21000
MUTUAL RISK MANAGEMENT, LTD. COM 628351108 446.89 13390 SH SOLE 13390
MYLAN LABORATORIES INC. COM 628530107 422.67 15950 SH SOLE 15950
NCI BUILDING SYSTEMS, INC. COM 628852105 1068.75 50000 SH SOLE 50000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
NCO GROUP, INC. COM 628858102 9112.40 239800 SH SOLE 239800
NABISCO HOLDINGS CORP. CL A 629526104 6206.37 143500 SH SOLE 143500
NABORS INDUSTRIES, INC. COM 629568106 804.01 32900 SH SOLE 32900
NATIONAL CITY CORP. COM 635405103 989.05 15100 SH SOLE 15100
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1496.13 44330 SH SOLE 44330
NATIONAL DATA CORP COM 635621105 2086.20 48800 SH SOLE 48800
NATIONAL INSTRUMENTS CORP. COM 636518102 1816.87 45000 SH SOLE 45000
NATIONAL SEMICONDUCTOR CORP. COM 637640103 5211.94 205900 SH SOLE 205900
NATIONWIDE FINANCIAL SERVICES CL A 638612101 423.08 9350 SH SOLE 9350
NEIMAN MARCUS GROUP, INC. COM 640204103 1245.86 48500 SH SOLE 48500
BANK OF NEW YORK CO. COM 64057102 23051.07 628300 SH SOLE 628300
NETWORK ASSOCIATES, INC. COM 640938106 9356.99 637050 SH SOLE 637050
NET PERCEPTIONS, INC. COM 64107U101 1090.65 50000 SH SOLE 50000
NETGRAVITY, INC. COM 641114103 5999.17 263700 SH SOLE 263700
NEWBRIDGE NETWORKS CORP. COM 650901101 7868.87 273700 SH SOLE 273700
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 20761.92 413683 SH SOLE 413683
NIKE, INC. CL B 654106103 8275.00 130700 SH SOLE 130700
BANK UNITED CORP. COM 65412108 4557.31 113400 SH SOLE 113400
NOBLE AFFILIATES INC. COM 654894104 1110.60 39400 SH SOLE 39400
NOKIA OYJ SPONSORED ADR 654902204 24483.94 267400 SH SOLE 267400
NORFOLK SOUTHERN CORP. COM 655844108 548.27 18200 SH SOLE 18200
NORTEL NETWORKS CORP. COM 656569100 15643.70 180200 SH SOLE 180200
NORTH FORK BANCORPORATION, INC COM 659424105 1760.45 82600 SH SOLE 82600
NORTHERN TRUST CORP. COM 665859104 1089.31 11230 SH SOLE 11230
NOVA CORPORATION COM 669784100 2023.45 80938 SH SOLE 80938
NOVELL INC. COM 670006105 20883.59 788060 SH SOLE 788060
NOVELLUS SYSTEMS INC. COM 670008101 20310.51 297590 SH SOLE 297590
NOVOSTE CORP. COM 67010C100 917.70 43700 SH SOLE 43700
OAK INDUSTRIES INC. COM NEW 671400505 515.51 11800 SH SOLE 11800
OCEANEERING INT'L INC. COM 675232102 1086.82 67400 SH SOLE 67400
OCULAR SCIENCES, INC. COM 675744106 225.87 13000 SH SOLE 13000
OFFICE DEPOT, INC. COM 676220106 6091.59 276100 SH SOLE 276100
OFFICE DEPOT, INC. LYON SUB ZERO 07 676220AA4 2511.36 2560000 PRN SOLE 0
OFFICE DEPOT, INC. LYON SUB ZERO 08 676220AB2 3146.25 3750000 PRN SOLE 0
BARNES & NOBLE, INC. COM 67774109 903.37 33000 SH SOLE 33000
OMNICARE, INC. COM 681904108 891.32 70600 SH SOLE 70600
OMNICOM GROUP INC. COM 681919106 9844.80 123060 SH SOLE 123060
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BARR LABORATORIES, INC. COM 68306109 1068.65 26800 SH SOLE 26800
ORACLE CORPORATION COM 68389X105 14398.93 387850 SH SOLE 387850
ADELPHIA COMMUNICATIONS CORP. CL A 6848105 6120.72 96200 SH SOLE 96200
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 6848402 3015.00 15000 SH SOLE 15000
ORBITAL SCIENCES CORP. COM 685564106 996.97 42200 SH SOLE 42200
O'REILLY AUTOMOTIVE INC. COM 686091109 2312.21 45900 SH SOLE 45900
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1316.45 93200 SH SOLE 93200
OUTBACK STEAKHOUSE, INC. COM 689899102 2668.56 67880 SH SOLE 67880
OUTDOOR SYSTEMS, INC. COM 690057104 17651.94 483615 SH SOLE 483615
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 2625.00 60000 SH SOLE 60000
OXFORD HEALTH PLANS, INC. COM 691471106 8067.85 518400 SH SOLE 518400
PECO ENERGY COMPANY COM 693304107 439.68 10500 SH SOLE 10500
PG&E CORP. COM 69331C108 583.88 18000 SH SOLE 18000
PMC-SIERRA, INC. COM 69344F106 2118.23 35940 SH SOLE 35940
PNC FINANCIAL CORP. COM 693475105 835.56 14500 SH SOLE 14500
PPG INDUSTRIES INC. COM 693506107 507.94 8600 SH SOLE 8600
PRI AUTOMATION, INC. COM 69357H106 685.12 18900 SH SOLE 18900
PSS WORLD MEDICAL, INC. COM 69366A100 933.07 83400 SH SOLE 83400
PACCAR INC. COM 693718108 2492.61 46700 SH SOLE 46700
PACIFIC GATEWAY EXCHANGE, INC. COM 694327107 894.13 30700 SH SOLE 30700
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 1321.73 54225 SH SOLE 54225
PACIFICARE HEALTH SYSTEMS, INC CL A 695112102 9064.18 126000 SH SOLE 126000
PAGEMART WIRELESS, INC. CL A 69553J104 1270.58 168000 SH SOLE 168000
PAINEWEBBER GROUP INC. COM 695629105 388.02 8300 SH SOLE 8300
PAPA JOHN'S INT'L, INC. COM 698813102 301.64 6750 SH SOLE 6750
PARAMETRIC TECHNOLOGY COMPANY COM 699173100 8535.90 615200 SH SOLE 615200
R&B FALCON CORP. COM 7.49E+105 5712.18 609300 SH SOLE 609300
PATTERSON DENTAL COMPANY COM 703412106 1007.75 29000 SH SOLE 29000
PAYCHEX INC. COM 704326107 778.38 24420 SH SOLE 24420
PAYMENTECH, INC. COM 704384106 583.62 23000 SH SOLE 23000
PEGASUS SYSTEMS, INC. COM 705906105 715.06 19100 SH SOLE 19100
PENNEY (J.C.) CO. INC. COM 708160106 602.18 12400 SH SOLE 12400
PEPSICO, INC. COM 713448108 13567.88 350700 SH SOLE 350700
PEREGRINE SYSTEMS, INC. COM 71366Q101 8340.89 324700 SH SOLE 324700
PETSMART INC. COM 716768106 8767.85 855400 SH SOLE 855400
PHARMACIA & UPJOHN, INC. COM 716941109 1488.50 26200 SH SOLE 26200
PFIZER INC. COM 717081103 45227.97 412100 SH SOLE 412100
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BAXTER INTERNATIONAL INC. COM 71813109 12979.81 214100 SH SOLE 214100
PHILLIPS PETROLEUM COMPANY COM 718507106 573.56 11400 SH SOLE 11400
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 1652.40 3600000 PRN SOLE 0
PINNACLE SYSTEMS, INC. COM 723481107 2333.57 69400 SH SOLE 69400
PIONEER HI-BRED INT'L INC. COM 723686101 439.99 11300 SH SOLE 11300
PITNEY BOWES, INC. COM 724479100 14777.50 230000 SH SOLE 230000
PLANTRONICS, INC. COM 727493108 410.28 6300 SH SOLE 6300
PLEXUS CORP. COM 729132100 1626.75 54000 SH SOLE 54000
POLYCOM INC. COM 73172K104 1072.50 27500 SH SOLE 27500
BEA SYSTEMS, INC. COM 73325102 688.36 24100 SH SOLE 24100
BEAR STEARNS COMPANIES INC. COM 73902108 206.16 4410 SH SOLE 4410
POWERTEL, INC. COM 73936C109 2539.37 85000 SH SOLE 85000
PRAXAIR INC. COM 74005P104 357.24 7300 SH SOLE 7300
PRE-PAID LEGAL SERVICES, INC. COM 740065107 905.36 33300 SH SOLE 33300
PRECISION CASTPARTS CORP. COM 740189105 352.75 8300 SH SOLE 8300
PREMIER PARKS INC. COM NEW 740540208 12586.87 342500 SH SOLE 342500
PREMISYS COMMUNICATIONS, INC. COM 740584107 313.72 42900 SH SOLE 42900
PREVIEW TRAVEL, INC. CL A 74137R101 960.88 43800 SH SOLE 43800
PRICE COMMUNICATIONS CORP. COM NEW 741437305 2328.12 155208 SH SOLE 155208
PRIORITY HEALTHCARE CORP. CL B 74264T102 1676.70 48600 SH SOLE 48600
PROCTER & GAMBLE COMPANY COM 742718109 19893.82 222900 SH SOLE 222900
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 723.45 111300 SH SOLE 111300
PROFIT RECOVERY GROUP INT'L COM 743168106 648.18 13700 SH SOLE 13700
PROGRESSIVE CORP. COM 743315103 464.00 3200 SH SOLE 3200
PROLOGIS TRUST PFD CV SBI B 743410300 4020.39 155000 SH SOLE 155000
PROMUS HOTEL CORP COM 74342P106 319.30 10300 SH SOLE 10300
PROTECTION ONE ALARM MONITORNG SRSBNTCV 6.75%03 743659AL8 4372.80 4800000 PRN SOLE 0
PROTECTION LIFE CORP COM 743674103 1841.40 55800 SH SOLE 55800
PROVIDENT BANKSHARES CORP. COM 743859100 3722.16 160093 SH SOLE 160093
PROVIDENT COMPANIES, INC. COM 743862104 1013.20 25330 SH SOLE 25330
PROVIDIAN FINANCIAL CORP. COM 74406A102 17314.33 185180 SH SOLE 185180
PROXIM, INC. COM 744284100 3329.20 57400 SH SOLE 57400
PSINET INC. PFD C CV 6 3/4 74437C309 4342.50 90000 SH SOLE 90000
PUBLIC SERVICE ENTERPRISE GRP COM 744573106 428.53 10500 SH SOLE 10500
PULTE CORP. COM 745867101 6434.57 279000 SH SOLE 279000
QRS CORP. COM 74726X105 2722.20 34900 SH SOLE 34900
QLOGIC CORP. COM 747277101 2890.80 21900 SH SOLE 21900
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
QUIKSILVER, INC. COM 74838C106 1118.10 42900 SH SOLE 42900
QUINTILES TRANSNATIONAL CORP. COM 748767100 285.60 6800 SH SOLE 6800
QWEST COMMUNICATIONS INT'L INC COM 749121109 12114.28 366400 SH SOLE 366400
RF MICRO DEVICES, INC. COM 749941100 1059.67 14200 SH SOLE 14200
RALSTON-RALSTON PURINA GROUP COM 751277302 471.78 15500 SH SOLE 15500
RATIONAL SOFTWARE CORP. COM NEW 75409P202 866.26 26300 SH SOLE 26300
RAYTHEON COMPANY CL B 755111408 1120.95 15900 SH SOLE 15900
BECTON, DICKINSON AND COMPANY COM 75887109 12768.00 425600 SH SOLE 425600
REGIONS FINANCIAL CORP. COM 758940100 399.75 10400 SH SOLE 10400
BED, BATH & BEYOND INC. COM 75896100 1447.60 37600 SH SOLE 37600
RELIANT ENERGY, INC. COM 75952J108 1505.56 54500 SH SOLE 54500
RENAL CARE GROUP, INC. COM 759930100 993.60 38400 SH SOLE 38400
RENT-A-CENTER, INC. COM 76009N100 1822.80 75950 SH SOLE 75950
RENT-WAY, INC. COM 76009U104 1608.01 65300 SH SOLE 65300
REPUBLIC SERVICES, INC. CL A 760759100 11127.60 449600 SH SOLE 449600
RICHFOOD HOLDINGS, INC. COM 763408101 835.42 47400 SH SOLE 47400
RITE AID CORP. COM 767754104 4917.61 199700 SH SOLE 199700
ROBERTS PHARMACEUTICAL CORP. COM 770491108 1680.52 69300 SH SOLE 69300
ROCKWELL INT'L CORP. COM 773903109 540.67 8900 SH SOLE 8900
ROMAC INTERNATIONAL, INC. COM 775835101 679.82 76600 SH SOLE 76600
ROSS STORES INC COM 778296103 8976.82 178200 SH SOLE 178200
BELL & HOWELL CO. COM 77852101 2646.91 70000 SH SOLE 70000
BELL ATLANTIC CORP. COM 77853109 25136.68 384500 SH SOLE 384500
ROUSE COMPANY PFD CONV SER B 779273309 1645.12 41000 SH SOLE 41000
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 25202.57 418300 SH SOLE 418300
SBC COMMUNICATIONS INC. COM 78387G103 23791.60 410200 SH SOLE 410200
SCI SYSTEMS, INC. COM 783890106 12183.75 256500 SH SOLE 256500
SFX ENTERTAINMENT, INC. CL A 784178105 2451.20 38300 SH SOLE 38300
SLM HOLDING CORP. COM 78442A109 2908.98 63497 SH SOLE 63497
SLI, INC. COM 78442T108 1320.30 48900 SH SOLE 48900
S&P DEPOSITARY RECEIPTS UNIT SER 1 78462F103 24934.00 182000 SH SOLE 182000
SPX CORP. COM 784635104 8909.45 106700 SH SOLE 106700
SAFEWAY INC. COM NEW 786514208 26477.05 534890 SH SOLE 534890
SAGENT TECHNOLOGY, INC. COM 786693101 163.87 19000 SH SOLE 19000
ST. JUDE MEDICAL, INC. COM 790849103 459.56 12900 SH SOLE 12900
ST. PAUL CAPITAL L.L.C. PFD MIPS 6% 792856205 2937.50 50000 SH SOLE 50000
BELLSOUTH CORP. COM 79860102 4165.08 90300 SH SOLE 90300
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SANMINA CORP. COM 800907107 19735.08 260100 SH SOLE 260100
SANTA FE SNYDER CORP. COM 80218K105 3871.21 507700 SH SOLE 507700
SARA LEE CORP. COM 803111103 980.12 43200 SH SOLE 43200
SAVILLE SYSTEMS IRELAND PLC SPONSORED ADR 805174109 859.85 59300 SH SOLE 59300
HENRY SCHEIN, INC. COM 806407102 1171.50 36970 SH SOLE 36970
SCHERING PLOUGH CORP. COM 806605101 27454.00 518000 SH SOLE 518000
SCHLUMBERGER LTD. COM 806857108 16453.79 258350 SH SOLE 258350
SCHWAB (CHARLES) CORP. COM 808513105 19359.97 176200 SH SOLE 176200
AETNA INC. COM 8117103 599.23 6700 SH SOLE 6700
SEAGATE TECHNOLOGY INC. COM 811804103 3567.00 139200 SH SOLE 139200
SEARS, ROEBUCK AND COMPANY COM 812387108 802.13 18000 SH SOLE 18000
SECURITY DYNAMICS TECH., INC. COM 814208104 2037.87 95900 SH SOLE 95900
SELECT COMFORT CORP. COM 81616X103 420.97 47100 SH SOLE 47100
SEROLOGICALS CORP. COM 817523103 845.16 104020 SH SOLE 104020
AFFILIATED COMPUTER SERVICES CL A 8190100 3037.50 60000 SH SOLE 60000
SHAW INDUSTRIES, INC. COM 820286102 168.30 10200 SH SOLE 10200
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 722.80 27800 SH SOLE 27800
AFFILIATED MANGERS GROUP, INC. COM 8252108 1759.96 58300 SH SOLE 58300
SIEBEL SYSTEMS, INC. COM 826170102 5542.97 83510 SH SOLE 83510
SIMPSON MANUFACTURING COMPANY COM 829073105 959.50 20200 SH SOLE 20200
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1967.87 45500 SH SOLE 45500
SMITH INT'L, INC. COM 832110100 9078.10 208990 SH SOLE 208990
SMITHFIELD FOODS, INC. COM 832248108 3433.07 102670 SH SOLE 102670
SMITHKLINE BEECHAM PLC ADR ADR REP ORD 832378301 9876.41 149500 SH SOLE 149500
SOLECTRON CORP. COM 834182107 3843.89 57640 SH SOLE 57640
SONIC CORP. COM 835451105 623.13 19100 SH SOLE 19100
SOUTHDOWN, INC. COM 841297104 346.95 5400 SH SOLE 5400
SOUTHERN COMPANY COM 842587107 879.80 33200 SH SOLE 33200
SOUTHTRUST CORP. COM 844730101 510.38 13300 SH SOLE 13300
SOUTHWEST AIRLINES CO. COM 844741108 8902.52 286025 SH SOLE 286025
BERKSHIRE HATHAWAY INC. CL B 84670207 5985.28 2672 SH SOLE 2672
SPORTSLINE USA, INC. COM 848934105 236.77 6600 SH SOLE 6600
SPRINT CORP (PCS GROUP) COM 852061100 13414.50 254000 SH SOLE 254000
SPRINT CORP (PCS GROUP) DECS EXCH 2000 852061407 2610.00 30000 SH SOLE 30000
SPRINT CORP (PCS GROUP) PCS COM SER 1 852061506 12150.48 212700 SH SOLE 212700
STAFFMARK, INC. COM 852389105 309.95 30900 SH SOLE 30900
STAPLES INC. COM 855030102 12431.04 401805 SH SOLE 401805
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 3317.21 192996 SH SOLE 192996
STATE STREET CORP. COM 857477103 16444.93 192620 SH SOLE 192620
STEEL DYNAMICS, INC. COM 858119100 312.47 20200 SH SOLE 20200
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 1139.50 43000 SH SOLE 43000
STERIS CORPORATION COM 859152100 962.16 49660 SH SOLE 49660
STERLING COMMERCE, INC. COM 859205106 1433.82 39283 SH SOLE 39283
STORAGE TECHNOLOGY CORP. COM PAR $0.10 862111200 7391.47 324900 SH SOLE 324900
STRAYER EDUCATION, INC. COM 863236105 659.79 21500 SH SOLE 21500
STREAMLINE.COM, INC. COM 863239109 1605.34 199100 SH SOLE 199100
STRYKER CORP. COM 863667101 673.40 11200 SH SOLE 11200
SUIZA FOODS CORP. COM 865077101 10020.68 239300 SH SOLE 239300
BEST BUY CO. INC. COM 86516101 12750.75 188900 SH SOLE 188900
SUMMIT BANCORP COM 866005101 10591.65 253310 SH SOLE 253310
SUMMIT DESIGN, INC. COM 86605U101 393.60 131200 SH SOLE 131200
SUN MICROSYSTEMS INC. COM 866810104 42513.78 617260 SH SOLE 617260
SUNGARD DATA SYSTEMS INC. COM 867363103 2133.13 61830 SH SOLE 61830
SUNTERRA CORP. COM 86787D109 1379.86 99000 SH SOLE 99000
SUNTRUST BANKS INC. COM 867914103 1027.68 14800 SH SOLE 14800
SUPERIOR SERVICES, INC. COM 868316100 926.07 34700 SH SOLE 34700
SWIFT TRANSPORTATION CO. INC. COM 870756103 1531.20 69600 SH SOLE 69600
SYBRON CORP. COM 87114F106 2144.40 77800 SH SOLE 77800
SYKES ENTERPRISES, INC. COM 871237103 1808.92 54200 SH SOLE 54200
SYLVAN LEARNING SYSTEMS, INC. COM 871399101 1436.88 52850 SH SOLE 52850
SYMANTEC CORP. COM 871503108 1032.75 40500 SH SOLE 40500
SYMBOL TECHNOLOGIES, INC. COM 871508107 13032.91 353435 SH SOLE 353435
SYNOPSYS INC. COM 871607107 3407.30 61740 SH SOLE 61740
SYSCO CORP. COM 871829107 468.06 15700 SH SOLE 15700
TCA CABLE TV, INC. COM 872241104 1598.40 28800 SH SOLE 28800
TCF FINANCIAL CORP. COM 872275102 513.73 18430 SH SOLE 18430
TJX COMPANIES INC. COM 872540109 16968.64 509370 SH SOLE 509370
TV GUIDE, INC. CL A 87307Q109 1721.37 47000 SH SOLE 47000
BETHLEHEM STEEL CORP. COM 87509105 218.33 28400 SH SOLE 28400
TANDY CORP. COM 875382103 5366.47 109800 SH SOLE 109800
TECH DATA CORP. COM 878237106 1499.40 39200 SH SOLE 39200
TELEBANC FINANCIAL CORP. COM 87925R109 976.50 25200 SH SOLE 25200
TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287100 9.73 154600 SH SOLE 154600
TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 13943.06 154600 SH SOLE 154600
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
TELEGLOBE INC. COM 87941V100 374.85 12600 SH SOLE 12600
TELLABS, INC. COM 879664100 42129.58 623560 SH SOLE 623560
TEMPLE-INLAND, INC. COM 879868107 5098.27 74700 SH SOLE 74700
TERADYNE INC. COM 880770102 3192.87 44500 SH SOLE 44500
TERAYON COMMUNICATION SYSTEMS COM 880775101 396.71 7100 SH SOLE 7100
TEREX CORP. COM 880779103 1147.51 37700 SH SOLE 37700
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 10427.20 212800 SH SOLE 212800
TETRA TECH, INC. COM 88162G103 1552.53 94093 SH SOLE 94093
TEXACO INC. COM 881694103 14006.25 224100 SH SOLE 224100
TEXAS INSTRUMENTS INC. COM 882508104 28159.00 194200 SH SOLE 194200
TEXAS UTILITIES CO. COM 882848104 551.12 13300 SH SOLE 13300
TEXTRON, INC. COM 883203101 1991.97 24200 SH SOLE 24200
THERAGENICS CORP. COM 883375107 640.65 92340 SH SOLE 92340
THERMO ELECTRON CORP. SUBDB CV 144A 03 883556AF9 3596.00 4000000 PRN SOLE 0
THERMO INSTRUMENT SYSTEMS INC. SUB DB CONV 4%05 883559AE6 2454.00 3000000 PRN SOLE 0
3COM CORP. COM 885535104 4787.82 179400 SH SOLE 179400
ADC TELECOMMUNICATIONS INC. COM 886101 10910.51 239460 SH SOLE 239460
TICKETMASTER ONLINE-CITYSEARCH CL B 88633P203 3542.27 117100 SH SOLE 117100
TIME WARNER INC. COM 887315109 43795.71 595860 SH SOLE 595860
TIME WARNER TELECOM INC. CL A 887319101 2900.00 100000 SH SOLE 100000
TOSCO CORP. COM NEW 891490302 328.11 12650 SH SOLE 12650
TOTAL RENAL CARE HOLDINGS, INC COM 89151A107 9842.04 632400 SH SOLE 632400
TOTAL RENAL CARE HOLDINGS, INC SB NT CV144A7%09 89151AAA5 4679.70 5700000 PRN SOLE 0
TOWER AUTOMOTIVE, INC. COM 891707101 10894.33 428270 SH SOLE 428270
TRANSACTION SYSTEMS ARCHITECTS CL A 893416107 1657.50 42500 SH SOLE 42500
TRANSAMERICA CORP COM 893485102 442.50 5900 SH SOLE 5900
TREEV, INC. PFD CONV SER A 894692201 1982.90 200800 SH SOLE 200800
TRICON GLOBAL RESTAURANTS, INC COM 895953107 389.70 7200 SH SOLE 7200
TRIBUNE COMPANY COM 896047107 487.90 5600 SH SOLE 5600
TRIGON HEALTHCARE, INC. COM 89618L100 511.79 14070 SH SOLE 14070
TRIUMPH GROUP, INC. COM 896818101 841.50 33000 SH SOLE 33000
WESTERN WIRELESS CORP. CL A 9.60E+208 466.29 17270 SH SOLE 17270
TV AZTECA, S.A. DE C.V. SPONSORED ADR 901145102 1627.99 313800 SH SOLE 313800
TYCO INTERNATIONAL LTD. COM 902124106 77877.86 821930 SH SOLE 821930
USX - MARATHON GROUP COM NEW 902905827 9989.35 306770 SH SOLE 306770
US BANCORP COM 902973106 10091.20 296800 SH SOLE 296800
USA NETWORKS, INC. COM 902984103 14156.10 352800 SH SOLE 352800
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
UNUM CORPORATION COM 903192102 7665.00 140000 SH SOLE 140000
U.S. FOODSERVICE COM 90331R101 6022.06 141280 SH SOLE 141280
US LEC CORP. CL A 90331S109 294.75 13100 SH SOLE 13100
USX-US STEEL GROUP INC. COM 90337T101 4689.90 173700 SH SOLE 173700
UNILEVER N.V. ADR NY SHS NEW 904784709 1874.46 26874 SH SOLE 26874
UNICOM CORP. COM 904911104 1561.80 40500 SH SOLE 40500
BIOGEN, INC. COM 90597105 22131.38 344120 SH SOLE 344120
BIOMET INC. COM 90613100 9378.21 235930 SH SOLE 235930
UNION PACIFIC CORP. COM 907818108 653.10 11200 SH SOLE 11200
UNIPHASE CORP. COM 909149106 3115.82 18770 SH SOLE 18770
UNISYS CORP. COM 909214108 18433.24 473400 SH SOLE 473400
UNITED HEALTHCARE CORP. COM 910581107 551.10 8800 SH SOLE 8800
UNITED INT'L HOLDINGS, INC. CL A 910734102 2028.75 30000 SH SOLE 30000
U.S. CELLULAR CORP. COM 911684108 1086.05 20300 SH SOLE 20300
U.S. CELLULAR CORP. LYON ZERO 15 911684AA6 4599.00 9000000 PRN SOLE 0
U.S. INDUSTRIES, INC. COM 912080108 5457.00 321000 SH SOLE 321000
U.S. WEST, INC. COM 91273H101 1357.12 23100 SH SOLE 23100
UNITED TECHNOLOGIES CORP COM 913017109 2953.54 41200 SH SOLE 41200
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 2062.80 43200 SH SOLE 43200
UNIVISION COMMUNICATIONS INC. CL A 914906102 2633.40 39900 SH SOLE 39900
UNOCAL CORP. COM 915289102 491.35 12400 SH SOLE 12400
AIR PRODUCTS AND CHEMICALS INC COM 9158106 11483.32 285300 SH SOLE 285300
USFREIGHTWAYS CORP. COM 916906100 1820.10 39300 SH SOLE 39300
USINTERNETWORKING, INC. COM 917311805 1083.60 25800 SH SOLE 25800
USWEB CORP. COM 917327108 2628.16 118450 SH SOLE 118450
BLACK & DECKER CORP. COM 91797100 20841.35 330160 SH SOLE 330160
BLACK BOX CORP. COM 91826107 1578.93 31500 SH SOLE 31500
VALASSIS COMMUNICATIONS, INC. COM 918866104 1587.69 43350 SH SOLE 43350
VALSPAR CORP. COM 920355104 646.00 17000 SH SOLE 17000
VENTANA MEDICAL SYSTEMS COM 92276H106 363.37 19000 SH SOLE 19000
VERIO INC. COM 923433106 6824.90 98200 SH SOLE 98200
VERITAS SOFTWARE CORP. COM 923436109 2843.39 29950 SH SOLE 29950
VERITY COM 92343C106 7494.20 138300 SH SOLE 138300
VETERINARY CENTERS OF AMERICA COM 925514101 279.39 20600 SH SOLE 20600
VIACOM, INC. CL B 925524308 11620.40 264100 SH SOLE 264100
VIATEL, INC. COM 925529208 9709.62 173000 SH SOLE 173000
VIASOFT, INC. COM 92552U102 975.45 278700 SH SOLE 278700
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
VIGNETTE CORP. COM 926734104 345.00 4600 SH SOLE 4600
VISIO CORP. COM 927914101 1408.33 37000 SH SOLE 37000
VISHAY INTERTECHNOLOGY, INC. COM 928298108 3692.32 175825 SH SOLE 175825
VISX, INC. COM 92844S105 3151.68 39800 SH SOLE 39800
VITESSE SEMICONDUCTOR CORP. COM 928497106 3221.51 47770 SH SOLE 47770
VODAFONE GROUP PLC ADR SPONSORED ADR 92857T107 15461.54 78485 SH SOLE 78485
VOICESTREAM WIRELESS CORP. COM 928615103 491.12 17270 SH SOLE 17270
VORNADO REALTY TRUST PFD CONV SER A 929042208 1767.50 35000 SH SOLE 35000
WMX TECHNOLOGIES, INC. SUB NTS CV 2%05 92929QAF4 3255.00 3000000 PRN SOLE 0
WACHOVIA CORP. COM 929771103 787.17 9200 SH SOLE 9200
WADDELL & REED FINANCIAL, INC. CL A 930059100 2118.21 77200 SH SOLE 77200
WAL-MART STORES INC. COM 931142103 47511.77 984700 SH SOLE 984700
WALGREEN CO. COM 931422109 1354.18 46100 SH SOLE 46100
E.W. BLANCH HOLDINGS INC. COM 93210102 988.72 14500 SH SOLE 14500
WARNACO GROUP INC. CL A 934390105 222.56 8320 SH SOLE 8320
WARNER-LAMBERT CO. COM 934488107 15637.12 225400 SH SOLE 225400
BLOCK (H&R) INC. COM 93671105 7480.00 149600 SH SOLE 149600
WASHINGTON MUTUAL, INC. COM 939322103 1241.66 35100 SH SOLE 35100
WASTE MANAGEMENT, INC. COM 94106L109 24192.33 450090 SH SOLE 450090
WASTE MANAGEMENT, INC. SUB NT CONV 4%02 94106LAA7 9100.00 7000000 PRN SOLE 0
WATERS CORP. COM 941848103 548.25 10320 SH SOLE 10320
WATSCO, INC. COM 942622200 1246.13 76100 SH SOLE 76100
WATSON PHARMACEUTICALS, INC. COM 942683103 1906.72 54380 SH SOLE 54380
WEATHERFORD INT'L, INC. COM 947074100 7806.25 213140 SH SOLE 213140
WEBTRENDS CORP. COM 94844D104 1420.65 30800 SH SOLE 30800
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 4938.87 58190 SH SOLE 58190
WELLS FARGO COMPANY COM 949746101 3184.87 74500 SH SOLE 74500
WENDY'S FINANCING I TECONS SER A 950588202 5747.50 95000 SH SOLE 95000
WESCO INT'L, INC. COM 95082P105 6154.10 300200 SH SOLE 300200
WESLEY JESSEN VISIONCARE, INC. COM 951018100 997.15 30800 SH SOLE 30800
WESTPOINT STEVENS INC. COM 961238102 342.84 11500 SH SOLE 11500
WEYERHAEUSER COMPANY COM 962166104 666.87 9700 SH SOLE 9700
WHIRLPOOL CORP. COM 963320106 16220.80 219200 SH SOLE 219200
WHOLE FOODS MARKET INC. COM 966837106 1340.95 27900 SH SOLE 27900
WILLAMETTE INDUSTRIES, INC. COM 969133107 6439.60 139800 SH SOLE 139800
WILLIAMS COMPANIES INC. COM 969457100 838.49 19700 SH SOLE 19700
WILLIAMS-SONOMA, INC. COM 969904101 9159.30 263100 SH SOLE 263100
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BOEING COMPANY COM 97023105 11404.92 258100 SH SOLE 258100
WIND RIVER SYSTEMS, INC. COM 973149107 918.80 57200 SH SOLE 57200
WORLD COLOR PRESS, INC. COM 981443104 610.50 22200 SH SOLE 22200
WM. WRIGLEY JR. COMPANY COM 982526105 472.69 5300 SH SOLE 5300
XILINX INC. COM 983919101 22542.76 393760 SH SOLE 393760
XEROX CORP. COM 984121103 22839.66 386700 SH SOLE 386700
YAHOO! INC. COM 984332106 5477.55 31800 SH SOLE 31800
YOUNG & RUBICAM INC. COM 987425105 12314.60 271020 SH SOLE 271020
YOUNG BROADCASTING INC. CL A 987434107 1149.20 27000 SH SOLE 27000
ZALE CORP. COM 988858106 6400.00 160000 SH SOLE 160000
ZANY BRAINY, INC. COM 98906Q101 920.36 95000 SH SOLE 95000
ZIFF-DAVIS INC. - ZDNET GROUP COM 989511100 3241.98 210000 SH SOLE 210000
ZIONS BANCORPORATION COM 989701107 1625.60 25600 SH SOLE 25600
BORDERS GROUP INC. COM 99709107 540.80 34200 SH SOLE 34200
BORG-WARNER AUTOMOTIVE, INC. COM 99724106 521.40 9480 SH SOLE 9480
ACE LIMITED ORD G0070K103 6531.40 231200 SH SOLE 231200
GEMSTAR INT'L GROUP LTD. ORD G3788V106 639.45 9800 SH SOLE 9800
TOMMY HILFIGER CORP. ORD G8915Z102 11785.72 160350 SH SOLE 160350
TRANSOCEAN OFFSHORE INC. ORD G90076103 6861.75 261400 SH SOLE 261400
GALILEO TECHNOLOGY LTD ORD M47298100 629.85 13900 SH SOLE 13900
GILAT SATELLITE NETWORKS LTD ORD M51474100 2115.75 40300 SH SOLE 40300
ORCKIT COMMUNICATIONS LTD. COM M7531S107 356.40 14400 SH SOLE 14400
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 3771.25 86200 SH SOLE 86200
GRAND TOTAL $5469898
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