UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/99
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 5/14/99
------------------------- ---------------------- -------
[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: 817
Form 13F Information Table Value Total: $4,897,509
(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.]
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<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
AAR CORP. COM 000361105 1278.97 71800 SH SOLE 71800
ABR INFORMATION SERVICES, INC. COM 00077R108 602.91 34700 SH SOLE 34700
ADC TELECOMMUNICATIONS INC. COM 000886101 538.87 11300 SH SOLE 11300
ADT OPERATIONS, INC. LYON ZERO CPN 10 000945AC9 6912.50 3500000 PRN SOLE 0
AFLAC INC. COM 001055102 716.40 13160 SH SOLE 13160
AGCO CORP. COM 001084102 5575.26 849500 SH SOLE 849500
AES (THE) CORP COM 00130H105 248.83 6680 SH SOLE 6680
AMR CORP. COM 001765106 509.49 8700 SH SOLE 8700
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 60472.47 757677 SH SOLE 757677
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 23997.00 456000 SH SOLE 456000
AVT CORP. COM 002420107 0.00 14700 SH SOLE 14700
ABBOTT LABORATORIES COM 002824100 23312.87 498000 SH SOLE 498000
ABERCROMBIE & FITCH COMPANY CL A 002896207 655.04 7120 SH SOLE 7120
ACNIELSEN CORP. COM 004833109 1188.07 43800 SH SOLE 43800
ACTEL CORP. COM 004934105 2452.54 149200 SH SOLE 149200
ACXIOM CORP. COM 005125109 569.48 21490 SH SOLE 21490
ADAPTEC INC. COM 00651F108 456.26 20000 SH SOLE 20000
AETNA INC. COM 008117103 556.10 6700 SH SOLE 6700
AFFILIATED COMPUTER SERVICES CL A 008190100 1971.82 43100 SH SOLE 43100
AFFILIATED MANGERS GROUP, INC. COM 008252108 741.00 28500 SH SOLE 28500
AIR PRODUCTS AND CHEMICALS INC COM 009158106 4151.10 121200 SH SOLE 121200
AIRBORNE FREIGHT CORP. COM 009266107 1550.02 49800 SH SOLE 49800
AIRTOUCH COMMUNICATIONS, INC. COM 00949T100 3285.25 34000 SH SOLE 34000
AIRTOUCH COMMUNICATIONS, INC. PFD C CV 4.25% 00949T308 4035.00 30000 SH SOLE 30000
ALASKA AIR GROUP COM 011659109 1064.00 22400 SH SOLE 22400
ALBERTSON'S INC. COM 013104104 869.00 16000 SH SOLE 16000
ALCOA INC. COM 013817101 712.55 17300 SH SOLE 17300
ALEXION PHARMACEUTICALS INC. COM 015351109 140.07 16600 SH SOLE 16600
ALLIED-SIGNAL INC. COM 019512102 19119.37 388700 SH SOLE 388700
ALLIED WASTE INDUSTRIES, INC. COM PAR $.01 NEW 019589308 1325.40 91800 SH SOLE 91800
ALLMERICA FINANCIAL CORP. COM 019754100 349.65 6350 SH SOLE 6350
ALLSTATE CORP. COM 020002101 1438.04 38800 SH SOLE 38800
ALLTEL CORP. COM 020039103 9268.92 148600 SH SOLE 148600
ALTERA CORP. COM 021441100 5236.00 88000 SH SOLE 88000
ALZA CORP. SUB DB CONV 5%06 022615AD0 6084.75 5250000 PRN SOLE 0
AMAZON.COM, INC. COM 023135106 275.50 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
AMERICA ONLINE, INC. COM 02364J104 84259.52 577120 SH SOLE 577120
AMERICAN ELECTRIC POWER CO. COM 025537101 357.19 9000 SH SOLE 9000
AMERICAN EXPRESS CO. COM 025816109 35532.00 302400 SH SOLE 302400
AMERICAN GENERAL CORP. COM 026351106 831.90 11800 SH SOLE 11800
AMERICAN GENERAL DELAWARE MIPS SERA 02637G200 6265.00 70000 SH SOLE 70000
AMERICAN HOME PRODUCTS CORP. COM 026609107 30530.47 467900 SH SOLE 467900
AMERICAN HOMESTAR CORP. COM 026651109 394.90 54000 SH SOLE 54000
AMERICAN INT'L GROUP INC. COM 026874107 58130.75 481913 SH SOLE 481913
AMERICAN ITALIAN PASTA CO. CL A 027070101 300.00 12000 SH SOLE 12000
AMERICAN ONCOLOGY RESOURCES COM 028910107 419.40 46600 SH SOLE 46600
AMERICAN POWER CONVERSION CORP COM 029066107 804.06 29780 SH SOLE 29780
AMERICAN SKIING CO. COM 029654308 554.49 132400 SH SOLE 132400
AMERICAN STORES INC. COM 030096101 6609.90 200300 SH SOLE 200300
AMERICREDIT CORP. COM 03060R101 1449.00 110400 SH SOLE 110400
AMERIN CORP. COM 03070X106 1072.52 52800 SH SOLE 52800
AMERISOURCE HEALTH CORP. CL A 03071P102 1579.48 46200 SH SOLE 46200
AMERITECH CORP. COM 030954101 18247.98 315300 SH SOLE 315300
AMGEN INC. COM 031162100 22372.65 298800 SH SOLE 298800
AMP INC. COM 031897101 986.24 18370 SH SOLE 18370
AMSOUTH BANCORPORATION COM 032165102 505.05 11100 SH SOLE 11100
ANALOG DEVICES, INC. COM 032654105 9499.17 319300 SH SOLE 319300
ANALYST INT'L CORP. COM 032681108 261.05 22700 SH SOLE 22700
ANNTAYLOR STORES INC. COM 036115103 5015.33 113500 SH SOLE 113500
AON CORP. COM 037389103 506.00 8000 SH SOLE 8000
APARTMENT INVT & MGMT COMPANY CL A 03748R101 1402.87 38700 SH SOLE 38700
APOLLO GROUP, INC. CL A 037604105 1365.73 45715 SH SOLE 45715
APPLE COMPUTER, INC. COM 037833100 395.31 11000 SH SOLE 11000
APPLEBEES INT'L INC. COM 037899101 985.07 39700 SH SOLE 39700
APPLIED MATERIALS INC. COM 038222105 15779.17 255790 SH SOLE 255790
APPLIED POWER INC. CL A 038225108 258.87 9500 SH SOLE 9500
ARCH COMMUNICATIONS GROUP INC. COM 039381108 240.62 175000 SH SOLE 175000
ARCHER-DANIELS-MIDLAND CO. COM 039483102 409.79 27900 SH SOLE 27900
ASCEND COMMUNICATIONS, INC. COM 043491109 15688.98 187470 SH SOLE 187470
AT HOME CORPORATION COM SER A 045919107 1606.50 10200 SH SOLE 10200
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 26190.00 582000 SH SOLE 582000
ATLANTIC RICHFIELD CO. COM 048825103 12439.20 170400 SH SOLE 170400
AUTODESK, INC. COM 052769106 203.40 5030 SH SOLE 5030
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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
REPUBLIC INDUSTRIES, INC. TRACES RWIN 05300A202 1305.00 90000 SH SOLE 90000
AUTOMATIC DATA PROCESSING INC. COM 053015103 2403.88 58100 SH SOLE 58100
AUTOMATIC DATA PROCESSING INC. LYON SUB ZERO 12 053015AC7 6426.00 6000000 PRN SOLE 0
AUTOZONE, INC. COM 053332102 312.55 10290 SH SOLE 10290
AVERY DENNISON CORP. COM 053611109 10148.75 176500 SH SOLE 176500
AVIATION SALES COMPANY COM 053672101 542.90 12200 SH SOLE 12200
AVIS RENT A CAR, INC. COM 053790101 6747.56 243700 SH SOLE 243700
AVON PRODUCTS INC. COM 054303102 1609.55 34200 SH SOLE 34200
AVONDALE INDUSTRIES, INC. COM 054350103 1292.10 43800 SH SOLE 43800
AXENT TECHNOLOGIES, INC. COM 05459C108 1799.91 74800 SH SOLE 74800
BB&T CORPORATION COM 054937107 492.15 13600 SH SOLE 13600
BISYS (THE) GROUP, INC. COM 055472104 1912.50 34000 SH SOLE 34000
BJ SERVICES COMPANY COM 055482103 1384.24 59060 SH SOLE 59060
BJ'S WHOLESALE CLUB, INC. COM 05548J106 502.32 19000 SH SOLE 19000
BANK OF NEW YORK CO. COM 064057102 27205.06 757000 SH SOLE 757000
BANK ONE CORP COM 06423A103 15235.93 276700 SH SOLE 276700
BANK UNITED CORP. COM 065412108 4635.22 113400 SH SOLE 113400
BANKAMERICA CORP. COM 06605F102 43786.58 619987 SH SOLE 619987
BANKBOSTON CORP. COM 06605R106 20417.74 471400 SH SOLE 471400
BANKERS TRUST CORP. COM 066365107 397.12 4500 SH SOLE 4500
BARNES & NOBLE, INC. COM 067774109 1060.12 33000 SH SOLE 33000
BARR LABORATORIES, INC. COM 068306109 817.40 26800 SH SOLE 26800
BAXTER INTERNATIONAL INC. COM 071813109 16750.80 253800 SH SOLE 253800
BE AEROSPACE, INC. COM 073302101 955.80 64800 SH SOLE 64800
BECTON, DICKINSON AND COMPANY COM 075887109 20715.83 540700 SH SOLE 540700
BED, BATH & BEYOND INC. COM 075896100 1978.30 54200 SH SOLE 54200
BELL & HOWELL CO. COM 077852101 2931.30 100000 SH SOLE 100000
BELL ATLANTIC CORP. COM 077853109 26061.08 504200 SH SOLE 504200
BELLSOUTH CORP. COM 079860102 3617.68 90300 SH SOLE 90300
BERKSHIRE HATHAWAY INC. CL B 084670207 12563.74 5344 SH SOLE 5344
BEST BUY CO. INC. COM 086516101 946.40 18200 SH SOLE 18200
BESTFOODS COM 08658U101 639.20 13600 SH SOLE 13600
BIOGEN, INC. COM 090597105 2133.08 18660 SH SOLE 18660
BIOMET INC. COM 090613100 416.44 9930 SH SOLE 9930
BLACK & DECKER CORP. COM 091797100 10497.73 189360 SH SOLE 189360
BLACK BOX CORP. COM 091826107 790.50 25500 SH SOLE 25500
E.W. BLANCH HOLDINGS INC. COM 093210102 761.25 14500 SH SOLE 14500
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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
BLOCK (H&R) INC. COM 093671105 6490.37 137000 SH SOLE 137000
BLYTH INDUSTRIES, INC. COM 09643P108 1148.17 48600 SH SOLE 48600
BOEING COMPANY COM 097023105 6610.01 193700 SH SOLE 193700
BORDERS GROUP INC. COM 099709107 7004.78 498100 SH SOLE 498100
BORG-WARNER AUTOMOTIVE, INC. COM 099724106 334.69 7000 SH SOLE 7000
BOSTON SCIENTIFIC CORP. COM 101137107 751.56 18500 SH SOLE 18500
BOWATER INC. COM 102183100 261.52 6600 SH SOLE 6600
BRINKER INTERNATIONAL INC. COM 109641100 986.05 38200 SH SOLE 38200
BRISTOL MYERS SQUIBB CO. COM 110122108 42485.16 660600 SH SOLE 660600
THE BUCKLE, INC. COM 118440106 711.00 31600 SH SOLE 31600
BURLINGTON NORTHERN SANTA FE COM 12189T104 687.08 20900 SH SOLE 20900
BURR-BROWN CORP. COM 122574106 1258.42 53550 SH SOLE 53550
CBS CORP. COM 12490K107 14500.23 354200 SH SOLE 354200
CDW COMPUTER CENTERS, INC. COM 125129106 1421.40 20600 SH SOLE 20600
CIGNA CORP. COM 125509109 771.07 9200 SH SOLE 9200
CIT GROUP, INC. (THE) CL A 125577106 256.72 8400 SH SOLE 8400
CKE RESTAURANTS, INC. COM 12561E105 370.90 18780 SH SOLE 18780
CMAC INVESTMENT CORP. COM 125662106 1154.40 29600 SH SOLE 29600
CNF TRANSPORTATION INC. COM 12612W104 272.25 7200 SH SOLE 7200
CSG SYSTEMS INT'L, INC. COM 126349109 358.88 9100 SH SOLE 9100
CSX CORP. COM 126408103 397.16 10200 SH SOLE 10200
CVS CORP. COM 126650100 24562.25 517100 SH SOLE 517100
CABLE & WIRELESS PLC SPONSORED ADR 126830207 6290.54 170300 SH SOLE 170300
CABLEVISION SYSTEMS CORP. CL A 12686C109 11882.23 160300 SH SOLE 160300
CADENCE DESIGN SYSTEMS, INC. COM 127387108 6540.50 254000 SH SOLE 254000
CAMBRIDGE TECH PARTNERS INC. COM 132524109 360.75 26000 SH SOLE 26000
CAMPBELL SOUP CO. COM 134429109 858.51 21100 SH SOLE 21100
CAPITAL ONE FINANCIAL CORP COM 14040H105 17289.50 114500 SH SOLE 114500
CAPITAL SENIOR LIVING CORP. COM 140475104 1678.16 237600 SH SOLE 237600
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 4416.00 6000000 PRN SOLE 0
CARDINAL HEALTH, INC. COM 14149Y108 5873.86 88998 SH SOLE 88998
CARNIVAL CORP. COM 143658102 21294.87 438500 SH SOLE 438500
CARRIAGE SERVICES, INC. CL A 143905107 520.30 34400 SH SOLE 34400
CARRAMERICA REALTY CORP. COM 144418100 2206.30 100000 SH SOLE 100000
CASELLA WASTE SYSTEMS, INC. CL A 147448104 315.88 14000 SH SOLE 14000
CATALINA MARKETING CORP. COM 148867104 1837.72 21400 SH SOLE 21400
CATALYTICA, INC. COM 148885106 202.40 18400 SH SOLE 18400
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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
CATERPILLAR INC. COM 149123101 735.00 16000 SH SOLE 16000
CENDANT CORP. COM 151313103 10319.40 655200 SH SOLE 655200
CENDANT CORP. COM 151313301 5048.03 175200 SH SOLE 175200
CENTEX CORP. COM 152312104 292.36 8760 SH SOLE 8760
CENTOCOR INC. COM 152342101 9127.16 246680 SH SOLE 246680
CENTRAL PARKING CORP. COM 154785109 548.55 15900 SH SOLE 15900
CENTURY COMMUNICATIONS CORP. CL A 156503104 2424.06 52200 SH SOLE 52200
CENTURY MAINTENANCE SUPPLY COM 156616401 2667.67 25528 SH SOLE 25528
CENTURY TELEPHONE ENTERPRISES COM 156686107 552.16 7860 SH SOLE 7860
CERIDIAN CORPORATION COM 15677T106 12343.66 337600 SH SOLE 337600
CHANCELLOR MEDIA CORP. COM 158915108 17846.23 378700 SH SOLE 378700
CHARTER ONE FINANCIAL, INC. COM 160903100 337.36 11690 SH SOLE 11690
CHASE MANHATTAN CORP. COM 16161A108 38965.18 479200 SH SOLE 479200
CHATTEM, INC. COM 162456107 356.25 11400 SH SOLE 11400
CHECKFREE HOLDINGS CORP. COM 162816102 234.09 5500 SH SOLE 5500
CHEVRON CORP. COM 166751107 22785.43 257643 SH SOLE 257643
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 5630.62 105000 SH SOLE 105000
CHUBB CORP. COM 171232101 450.93 7700 SH SOLE 7700
CIBER, INC. COM 17163B102 3914.35 204000 SH SOLE 204000
CINCINNATI BELL, INC. COM 171870108 204.41 9110 SH SOLE 9110
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 16970.90 221480 SH SOLE 221480
CISCO SYSTEMS, INC. COM 17275R102 100535.0 917600 SH SOLE 917600
CITIGROUP INC. COM 172967101 61678.33 965610 SH SOLE 965610
CITIZENS UTILITIES TRUST PFD EPPICS CV 177351202 1811.25 45000 SH SOLE 45000
CITRIX SYSTEMS, INC. COM 177376100 16479.91 432260 SH SOLE 432260
CITY NATIONAL CORP. COM 178566105 1683.61 54530 SH SOLE 54530
CLARIFY INC. COM 180492100 362.95 13600 SH SOLE 13600
CLEAR CHANNEL COMMUNICATIONS COM 184502102 17198.97 256460 SH SOLE 256460
CLOROX COMPANY COM 189054109 539.06 4600 SH SOLE 4600
COACH USA, INC. COM 18975L106 1215.50 44200 SH SOLE 44200
COASTAL CORP. COM 190441105 5072.10 153700 SH SOLE 153700
COCA-COLA CO. COM 191216100 20597.45 335600 SH SOLE 335600
COCA-COLA ENTERPRISES, INC. COM 191219104 4210.80 139200 SH SOLE 139200
COGNOS, INC. COM 19244C109 1019.90 43400 SH SOLE 43400
KENNETH COLE PRODUCTIONS, INC. COM 193294105 654.10 24800 SH SOLE 24800
COLGATE-PALMOLIVE CO. COM 194162103 19697.20 214100 SH SOLE 214100
COLUMBIA/HCA HEALTHCARE CORP. COM 197677107 575.71 30400 SH SOLE 30400
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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
COMAIR HOLDINGS, INC. COM 199789108 2309.10 97740 SH SOLE 97740
COMCAST CORP. CL A SPL 200300200 1718.20 27300 SH SOLE 27300
COMERICA, INC. COM 200340107 480.77 7700 SH SOLE 7700
COMMERCE BANCORP, INC. COM 200519106 1364.34 33075 SH SOLE 33075
COMMUNITY FIRST BANKSHARES INC COM 203902101 1202.00 60100 SH SOLE 60100
COMPAQ COMPUTER CORP COM 204493100 20192.22 637220 SH SOLE 637220
COMPASS BANCSHARES, INC. COM 20449H109 4453.95 129100 SH SOLE 129100
COMPLETE BUSINESS SOLUTIONS COM 20452F107 245.31 12500 SH SOLE 12500
COMPUTER ASSOCIATES INT'L INC. COM 204912109 896.18 25200 SH SOLE 25200
COMPUTER SCIENCES CORP. COM 205363104 11004.48 199400 SH SOLE 199400
COMPUWARE CORP. COM 205638109 6702.90 280750 SH SOLE 280750
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 2584.00 30400 SH SOLE 30400
CONAGRA, INC. COM 205887102 576.56 22500 SH SOLE 22500
CONCENTRA MANAGED CARE, INC. COM 20589T103 859.85 59300 SH SOLE 59300
CONCORD EFS, INC. COM 206197105 1467.72 53250 SH SOLE 53250
CONSECO, INC. COM 208464107 469.30 15200 SH SOLE 15200
CONSOLIDATED EDISON, INC. COM 209115104 498.44 11000 SH SOLE 11000
CONSOLIDATED GRAPHICS, INC. COM 209341106 1380.22 23900 SH SOLE 23900
CONSOLIDATED NATURAL GAS CO. COM 209615103 243.44 5000 SH SOLE 5000
CONSOLIDATED STORES CORP. COM 210149100 242.50 8000 SH SOLE 8000
CONTINENTAL AIRLINES, INC. COM 210795308 11187.20 294400 SH SOLE 294400
COOPER CAMERON CORP. COM 216640102 282.51 8340 SH SOLE 8340
CORNING INC. COM 219350105 2488.80 41480 SH SOLE 41480
CORT BUSINESS SERVICES CORP. COM 220493100 633.62 27400 SH SOLE 27400
COSTCO COMPANIES, INC. COM 22160Q102 1508.95 16480 SH SOLE 16480
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 5858.75 5450000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 1397.50 1300000 PRN SOLE 0
COTELLIGENT, INC. COM 221630106 474.81 53500 SH SOLE 53500
COVANCE INC. COM 222816100 1433.60 57200 SH SOLE 57200
COX COMMUNICATIONS, INC. CL A 224044107 409.13 5410 SH SOLE 5410
COX RADIO, INC. CL A 224051102 697.00 13600 SH SOLE 13600
CRANE COMPANY COM 224399105 259.90 10745 SH SOLE 10745
CROMPTON & KNOWLES CORP. COM 227111101 158.28 10050 SH SOLE 10050
CUMULUS MEDIA INC. CL A 231082108 1473.45 125400 SH SOLE 125400
CURATIVE HEALTH SERVICES, INC. COM 231264102 143.75 12500 SH SOLE 12500
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 807.21 45000 SH SOLE 45000
CYTYC CORPORATION COM 232946103 750.63 54100 SH SOLE 54100
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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
DST SYSTEMS, INC. COM 233326107 2276.38 37900 SH SOLE 37900
DALLAS SEMICONDUCTOR CORP. COM 235204104 1456.16 37700 SH SOLE 37700
DANA CORP. COM 235811106 281.20 7400 SH SOLE 7400
DANAHER CORP. COM 235851102 1452.55 27800 SH SOLE 27800
DARDEN RESTAURANTS INC. COM 237194105 387.75 18800 SH SOLE 18800
DATA PROCESSING RESOURCES CORP COM 237823109 676.18 49400 SH SOLE 49400
DATASTREAM SYSTEMS, INC. COM 238124101 205.27 23800 SH SOLE 23800
DAVE & BUSTER'S, INC. COM 23833N104 1039.35 50700 SH SOLE 50700
DAY RUNNER, INC. COM 239545106 129.73 10700 SH SOLE 10700
DAYTON HUDSON CORP. COM 239753106 25910.46 388900 SH SOLE 388900
DEERE & COMPANY COM 244199105 438.39 11350 SH SOLE 11350
DELL COMPUTER CORPORATION COM 247025109 25563.22 625400 SH SOLE 625400
DELTA AIR LINES INC. COM 247361108 8951.60 128800 SH SOLE 128800
DENTSPLY INT'L INC. COM 249030107 797.47 34300 SH SOLE 34300
DIAL CORP. COM 25247D101 10093.53 293630 SH SOLE 293630
DIALOGIC CORP. COM 252499108 985.15 32300 SH SOLE 32300
DIAMOND OFFSHORE DRILLING COM 25271C102 319.41 10100 SH SOLE 10100
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 5091.10 4900000 PRN SOLE 0
DIGITAL RIVER, INC. COM 25388B104 200.00 5000 SH SOLE 5000
DIME BANCORP, INC. COM 25429Q102 278.25 12000 SH SOLE 12000
DISNEY (WALT) CO. COM 254687106 19309.95 620400 SH SOLE 620400
DOLLAR GENERAL CORP. COM 256669102 7204.60 211900 SH SOLE 211900
DOLLAR TREE STORES, INC. COM 256747106 1423.14 46000 SH SOLE 46000
DONALDSON, LUFKIN & JENRETTE COM 257661108 13386.42 191920 SH SOLE 191920
DOVER CORP. COM 260003108 1315.00 40000 SH SOLE 40000
DOW CHEMICAL CO. COM 260543103 8396.23 90100 SH SOLE 90100
DUPONT (E.I.) DE NEMOURS COM 263534109 14173.17 244100 SH SOLE 244100
DUANE READE INC. COM 263578106 4256.51 152700 SH SOLE 152700
DUKE ENERGY CORP. COM 264399106 1775.94 32400 SH SOLE 32400
DYCOM INDUSTRIES, INC. COM 267475101 1674.75 38500 SH SOLE 38500
EMC CORP. COM 268648102 40752.25 319000 SH SOLE 319000
ENSCO INTERNATIONAL, INC. COM 26874Q100 150.70 11320 SH SOLE 11320
ETEC SYSTEMS, INC. COM 26922C103 635.86 21600 SH SOLE 21600
E*TRADE GROUP, INC. COM 269246104 2554.10 43800 SH SOLE 43800
EAGLE HARDWARE & GARDEN, INC. COM 26959B101 4687.19 122740 SH SOLE 122740
EARTHGRAINS COMPANY COM 270319106 337.25 15200 SH SOLE 15200
EASTMAN KODAK CO. COM 277461109 964.51 15100 SH SOLE 15100
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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
ECHOSTAR COMMUNICATIONS CORP PFD CV SER C 278762307 6580.00 40000 SH SOLE 40000
EDISON INT'L COM 281020107 369.35 16600 SH SOLE 16600
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 3296.56 68500 SH SOLE 68500
ELAN CORP. PLC ADR 284131208 413.61 5930 SH SOLE 5930
ELECTRONIC ARTS INC. COM 285512109 10416.75 219300 SH SOLE 219300
ELECTRONIC DATA SYSTEMS CORP COM 285661104 10784.39 221500 SH SOLE 221500
ELECTRONICS FOR IMAGING, INC. COM 286082102 0.00 16300 SH SOLE 16300
EMERSON ELECTRIC CO. COM 291011104 1069.34 20200 SH SOLE 20200
EMMIS COMMUNICATIONS CORP. CL A 291525103 1945.00 38900 SH SOLE 38900
ENGINEERING ANIMATION, INC. COM 292872108 1053.12 25000 SH SOLE 25000
ENRON CORP. COM 293561106 963.75 15000 SH SOLE 15000
EQUIFAX INC. COM 294429105 317.28 9230 SH SOLE 9230
EQUITY OFFICE PROPERTIES TRUST COM 294741103 7698.65 302644 SH SOLE 302644
ETHAN ALLEN INTERIORS INC. COM 297602104 381.96 9190 SH SOLE 9190
EXCEL SWITCHING CORP. COM 30067V108 214.20 10200 SH SOLE 10200
EXCITE, INC. COM 300904109 26150.60 186790 SH SOLE 186790
EXPEDITORS INT'L OF WASHINGTON COM 302130109 2124.36 39340 SH SOLE 39340
EXPRESS SCRIPTS, INC. CL A 302182100 2878.06 33490 SH SOLE 33490
EXXON CORP. COM 302290101 8037.12 113900 SH SOLE 113900
FPL GROUP INC. COM 302571104 1363.20 25600 SH SOLE 25600
FACTSET RESEARCH SYSTEMS INC. COM 303075105 475.75 11000 SH SOLE 11000
FAIRFIELD COMMUNITIES, INC. COM PAR $0.01 304231301 214.54 24004 SH SOLE 24004
FAMILY DOLLAR STORES, INC. COM 307000109 9786.50 425500 SH SOLE 425500
FASTENAL CO. COM 311900104 504.90 14400 SH SOLE 14400
FDX CORP. COM 31304N107 10580.68 114000 SH SOLE 114000
FEDERAL HOME LOAN MTG CORP. COM 313400301 27282.90 477600 SH SOLE 477600
FEDERAL-MOGUL CORP. COM 313549107 2528.40 58800 SH SOLE 58800
FEDERAL NATIONAL MTG ASSOC. COM 313586109 27748.47 400700 SH SOLE 400700
FEDERATED DEPARTMENT STORES COM 31410H101 397.23 9900 SH SOLE 9900
FIFTH THIRD BANCORP COM 316773100 830.81 12600 SH SOLE 12600
FINOVA GROUP, INC. COM 317928109 319.55 6160 SH SOLE 6160
FINOVA FINANCE TRUST TOPRS CV 9.16% 31808E207 3960.00 55000 SH SOLE 55000
FIRST AMERICAN CORP. COM 318900107 5313.68 144100 SH SOLE 144100
FIRST DATA CORP. COM 319963104 1256.85 29400 SH SOLE 29400
FIRST HEALTH GROUP CORP. COM 320960107 671.43 41800 SH SOLE 41800
FIRST TENNESSEE NATIONAL CORP. COM 337162101 300.32 8200 SH SOLE 8200
FIRST UNION CORP. COM 337358105 2447.46 45800 SH SOLE 45800
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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
FIRSTAR CORPORATION COM 33763V109 1449.90 16200 SH SOLE 16200
FISERV INC. COM 337738108 9311.44 173640 SH SOLE 173640
FLEET FINANCIAL GROUP, INC. COM 338915101 985.77 26200 SH SOLE 26200
FLOWERS INDUSTRIES, INC. COM 343496105 526.48 21380 SH SOLE 21380
FORD MOTOR CO. COM 345370100 12348.80 217600 SH SOLE 217600
FORE SYSTEMS, INC. COM 345449102 6753.22 357200 SH SOLE 357200
FOREST LABORATORIES, INC. CL A 345838106 1270.69 22540 SH SOLE 22540
FOSSIL INC. COM 349882100 974.88 32700 SH SOLE 32700
FOX ENTERTAINMENT GROUP, INC. CL A 35138T107 11655.61 429700 SH SOLE 429700
FREMONT GENERAL CORP. COM 357288109 1143.78 60000 SH SOLE 60000
FRONTIER CORP. COM 35906P105 420.18 8100 SH SOLE 8100
G & K SERVICES INC. CL A 361268105 979.18 21200 SH SOLE 21200
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 4516.12 4445000 PRN SOLE 0
GTE CORP. COM 362320103 2783.00 46000 SH SOLE 46000
GANNETT CO. INC. COM 364730101 793.80 12600 SH SOLE 12600
GAP INC. COM 364760108 2073.24 30800 SH SOLE 30800
GATEWAY 2000 INC. COM 367833100 14336.52 209100 SH SOLE 209100
GAYLORD CONTAINER CORP CL A 368145108 760.32 101377 SH SOLE 101377
GAYLORD CONTAINER CORP WT EXP 110202 368145116 959.26 127902 SH SOLE 127902
GENERAL DYNAMICS CORP. COM 369550108 385.50 6000 SH SOLE 6000
GENERAL ELECTRIC CO. COM 369604103 83499.75 754800 SH SOLE 754800
GENERAL INSTRUMENT CORP. COM 370120107 7217.52 238100 SH SOLE 238100
GENERAL MILLS INC. COM 370334104 521.38 6900 SH SOLE 6900
GENERAL MOTORS CORP. COM 370442105 21353.87 245800 SH SOLE 245800
GENERAL MOTORS CORP. CL H NEW 370442832 16222.37 321630 SH SOLE 321630
GENERAL NUTRITION COMPANIES COM 37047F103 592.20 42300 SH SOLE 42300
GENTEX CORP. COM 371901109 2052.79 95200 SH SOLE 95200
GENZYME MOLECULAR ONCOLOGY COM GENL DIV 372917104 8165.91 161900 SH SOLE 161900
GEOTEL COMMUNICATIONS CORP. COM 373656107 1206.51 26300 SH SOLE 26300
GETTY IMAGES, INC. COM 374276103 219.03 10430 SH SOLE 10430
GILEAD SCIENCES, INC. COM 375558103 449.54 9880 SH SOLE 9880
GILLETTE CO. COM 375766102 18972.60 319200 SH SOLE 319200
GLIMCHER REALTY TRUST SH BEN INT 379302102 2433.68 169300 SH SOLE 169300
GLOBAL MARINE INC. COM 379352404 161.21 13720 SH SOLE 13720
GLOBAL TELESYSTEMS GROUP INC. COM 37936U104 397.15 7100 SH SOLE 7100
GOODYEAR TIRE & RUBBER CO. COM 382550101 363.63 7300 SH SOLE 7300
GRANITE BROADCASTING CORP. PFD CONV EXCH 387241201 4637.50 140000 SH SOLE 140000
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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
GREAT ATLANTIC & PACIFIC TEA COM 390064103 4776.00 159200 SH SOLE 159200
GREAT PLAINS SOFTWARE INC. COM 39119E105 653.82 16900 SH SOLE 16900
GROUP1 AUTOMOTIVE, INC. COM 398905109 955.50 38900 SH SOLE 38900
GUIDANT CORP. COM 401698105 11651.09 192580 SH SOLE 192580
GUITAR CENTER, INC. COM 402040109 748.03 36600 SH SOLE 36600
HCR MANOR CARE COM 404134108 203.03 8900 SH SOLE 8900
HA-LO INDUSTRIES, INC. COM 404429102 784.95 63750 SH SOLE 63750
HALLIBURTON CO. COM 406216101 23427.25 608500 SH SOLE 608500
HAMBRECHT & QUIST GROUP COM 406545103 5584.76 161000 SH SOLE 161000
HARLEY DAVIDSON INC. COM 412822108 1484.07 25810 SH SOLE 25810
HARTE-HANKS, INC. COM 416196103 985.02 35900 SH SOLE 35900
HARTFORD FINANCIAL SVCS, INC. COM 416515104 585.17 10300 SH SOLE 10300
HASBRO INC. COM 418056107 12854.25 444200 SH SOLE 444200
HEALTHSOUTH CORP. COM 421924101 135.60 13070 SH SOLE 13070
HEALTH MGMT ASSOCIATES INC. CL A 421933102 258.08 21175 SH SOLE 21175
HEALTHCARE FINANCIAL PARTNERS COM 42219W108 778.52 29800 SH SOLE 29800
HEFTEL BROADCASTING CORP. CL A 422799106 867.50 20000 SH SOLE 20000
HEINZ (H.J.) CO. COM 423074103 8404.32 177400 SH SOLE 177400
HERSHEY FOODS CORP. COM 427866108 375.62 6700 SH SOLE 6700
HEWLETT-PACKARD COMPANY COM 428236103 17726.31 261400 SH SOLE 261400
HEWLETT-PACKARD COMPANY SB LYON ZERO 17 428236AC7 6271.50 11100000 PRN SOLE 0
HIBERNIA CORPORATION CL A 428656102 5631.93 429100 SH SOLE 429100
HILTON HOTELS CORP. SUB NT CONV 5%06 432848AL3 2823.00 3000000 PRN SOLE 0
HOME DEPOT, INC. COM 437076102 50192.17 806300 SH SOLE 806300
HOME DEPOT, INC. SB NT CV 3.25%01 437076AE2 10278.60 3700000 PRN SOLE 0
HOMESTAKE MINING CO. COM 437614100 3973.53 460700 SH SOLE 460700
HONEYWELL INC. COM 438506107 4419.89 58300 SH SOLE 58300
HOUSEHOLD INTERNATIONAL, INC. COM 441815107 1373.31 30100 SH SOLE 30100
HYPERION SOLUTIONS CORP. COM 44914M104 756.24 52155 SH SOLE 52155
ICG COMMUNICATIONS, INC. COM 449246107 3000.00 150000 SH SOLE 150000
IMS HEALTH INC. COM 449934108 672.43 20300 SH SOLE 20300
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 1920.59 51130 SH SOLE 51130
ITT INDUSTRIES, INC. COM 450911102 397.26 11230 SH SOLE 11230
IDEXX LABORATORIES, INC. COM 45168D104 554.88 23180 SH SOLE 23180
ILLINOIS TOOL WORKS INC. COM 452308109 1683.00 27200 SH SOLE 27200
IMAX CORP. COM 45245E109 1852.50 95000 SH SOLE 95000
IMPERIAL CR COMMERCIAL MTG INV COM 45272T102 204.05 21200 SH SOLE 21200
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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
IMR GLOBAL CORP COM 45321W106 276.90 15600 SH SOLE 15600
INFINITY BROADCASTING CORP. CL A 45662S102 8299.22 322300 SH SOLE 322300
INFORMATION MGMT RESOURCES INC COM 45675E108 372.75 21000 SH SOLE 21000
INFORMIX CORP. COM 456779107 295.00 40000 SH SOLE 40000
INFOSEEK CORP. COM 45678M107 7488.80 101200 SH SOLE 101200
INGERSOLL-RAND CO. COM 456866102 382.11 7700 SH SOLE 7700
INHALE THERAPEUTIC SYSTEMS COM 457191104 1356.25 50000 SH SOLE 50000
INKTOMI CORP. COM 457277101 428.75 5000 SH SOLE 5000
INNOVEX, INC. COM 457647105 835.93 62500 SH SOLE 62500
INSIGHT ENTERPRISES, INC. COM 45765U103 2017.74 81525 SH SOLE 81525
INSITUFORM TECHNOLOGIES CL A 457667103 752.50 43000 SH SOLE 43000
INNOVATIVE VALVE TECH., INC. COM 45767J106 9.06 20700 SH SOLE 20700
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 4699.60 7580000 PRN SOLE 0
INTEL CORP. COM 458140100 67794.41 570300 SH SOLE 570300
INTER-TEL INC. COM 458372109 473.11 30400 SH SOLE 30400
INTERIM SERVICES INC. SUB NT CV 4.5%05 45868PAA8 1526.00 2000000 PRN SOLE 0
INTERNATIONAL BUS. MACHINES COM 459200101 38073.30 214800 SH SOLE 214800
INTERNATIONAL HOME FOODS, INC. COM 459655106 6825.16 424900 SH SOLE 424900
INTL' NETWORK SERVICES COM 460053101 1755.44 25100 SH SOLE 25100
INTERNATIONAL PAPER CO. COM 460146103 603.28 14300 SH SOLE 14300
INTERPUBLIC GROUP OF COMPANIES COM 460690100 16922.23 217300 SH SOLE 217300
INTERVOICE, INC. COM 461142101 682.00 62000 SH SOLE 62000
INTIMATE BRANDS, INC. CL A 461156101 9278.50 192800 SH SOLE 192800
INTUIT INC. COM 461202103 2187.62 21500 SH SOLE 21500
J&J SNACK FOODS CORP. COM 466032109 998.20 49600 SH SOLE 49600
JLG INDUSTRIES, INC. COM 466210101 1110.43 81500 SH SOLE 81500
JABIL CIRCUIT, INC. COM 466313103 9946.80 245600 SH SOLE 245600
JACOR COMMUNICATIONS, INC. CL A 469858401 2865.96 37710 SH SOLE 37710
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 3168.00 6000000 PRN SOLE 0
JEFFERSON-PILOT CORPORATION COM 475070108 338.75 5000 SH SOLE 5000
JOHNSON & JOHNSON COM 478160104 47022.00 501900 SH SOLE 501900
JONES APPAREL GROUP INC. COM 480074103 1712.59 61300 SH SOLE 61300
JONES PHARMA INC. COM 480236108 1146.75 33000 SH SOLE 33000
KLA INSTRUMENTS CORP. COM 482480100 299.63 6170 SH SOLE 6170
K-MART CORP. COM 482584109 17470.38 1039100 SH SOLE 1039100
K-V PHARMACEUTICAL COMPANY CL A 482740206 270.51 18900 SH SOLE 18900
KANSAS CITY SOUTHERN INDS INC. COM 485170104 376.20 6600 SH SOLE 6600
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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
KAUFMAN & BROAD HOME CORP. COM 486168107 6042.37 267800 SH SOLE 267800
KEANE, INC. COM 486665102 886.40 41590 SH SOLE 41590
KEEBLER FOODS COMPANY COM 487256109 956.30 26200 SH SOLE 26200
KELLOGG COMPANY COM 487836108 635.68 18800 SH SOLE 18800
KEY CORP COM 493267108 627.47 20700 SH SOLE 20700
KIMBERLY CLARK CORP. COM 494368103 1169.68 24400 SH SOLE 24400
KNOLL, INC. COM 498904101 849.56 34500 SH SOLE 34500
KNIGHT/TRIMARK GROUP, INC. CL A 499067106 11664.70 174100 SH SOLE 174100
KOHLS CORP. COM 500255104 8529.09 120340 SH SOLE 120340
KONINKLIJKE PHILIPS ELECTRONIC SPONSORED ADR 500472105 6083.92 73800 SH SOLE 73800
KROGER CO. (THE) COM 501044101 23009.96 384300 SH SOLE 384300
L-3 COMMUNICATIONS HOLDINGS COM 502424104 12751.12 275700 SH SOLE 275700
LAMAR ADVERTISING COMPANY CL A 512815101 3936.80 116000 SH SOLE 116000
LANDRY'S SEAFOOD RESTAURANTS COM 51508L103 3447.06 538100 SH SOLE 538100
LASON HOLDINGS, INC. COM 51808R107 630.00 11200 SH SOLE 11200
LATTICE SEMICONDUCTOR CORP. COM 518415104 1672.16 36700 SH SOLE 36700
LEARNING (THE) COMPANY, INC. COM 522008101 203.00 7000 SH SOLE 7000
LEARNING TREE INT'L, INC. COM 522015106 453.00 45300 SH SOLE 45300
LEGATO SYSTEMS, INC. COM 524651106 1863.66 36100 SH SOLE 36100
LEGG MASON, INC. COM 524901105 1758.51 52200 SH SOLE 52200
LEHMAN BROTHERS HOLDING INC. COM 524908100 11800.62 197500 SH SOLE 197500
LENNAR CORP. SR DB CV ZRO 18 526057AA2 3255.00 7500000 PRN SOLE 0
LEVEL ONE COMMUNICATIONS, INC. COM 527295109 2416.66 49700 SH SOLE 49700
LEVEL ONE COMMUNICATIONS, INC. SUB NT CONV 4%04 527295AC3 1948.00 1000000 PRN SOLE 0
LEXMARK INT'L GROUP, INC. CL A 529771107 10093.26 90320 SH SOLE 90320
LILLY (ELI) & COMPANY COM 532457108 28297.32 333400 SH SOLE 333400
LIMITED, INC. COM 532716107 911.37 23000 SH SOLE 23000
LINCARE HOLDINGS, INC. COM 532791100 1597.50 56800 SH SOLE 56800
LINCOLN NATIONAL CORP. COM 534187109 474.60 4800 SH SOLE 4800
LINEAR TECHNOLOGY CORP. COM 535678106 577.07 11260 SH SOLE 11260
LINENS 'N THINGS, INC. COM 535679104 1760.55 38800 SH SOLE 38800
LIPOSOME COMPANY, INC. COM 536310105 373.57 27800 SH SOLE 27800
LOCKHEED MARTIN CORP. COM 539830109 687.05 18200 SH SOLE 18200
LOUISIANA PACIFIC CORP. COM 546347105 5635.92 302600 SH SOLE 302600
LOWE'S COMPANIES COM 548661107 12214.95 201900 SH SOLE 201900
LUCENT TECHNOLOGIES, INC. COM 549463107 32699.10 303472 SH SOLE 303472
LYCOS, INC. COM 550818108 4565.64 53050 SH SOLE 53050
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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
MBNA CORP. COM 55262L100 17517.08 733700 SH SOLE 733700
MCI WORLDCOM, INC. COM 55268B106 102761.9 1160326 SH SOLE 1160326
MGIC INVESTMENT CORP. WI COM 552848103 206.87 5900 SH SOLE 5900
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 1097.69 64570 SH SOLE 64570
MACROMEDIA, INC. COM 556100105 5046.50 111370 SH SOLE 111370
MAGELLAN HEALTH SERVICES, INC. COM 559079108 397.86 95000 SH SOLE 95000
MAGNA INT'L INC. SUB DB CV 144A05 559222AF1 4995.00 5000000 PRN SOLE 0
MALLINCKRODT, INC. COM 561232109 6491.17 243800 SH SOLE 243800
MAPICS, INC. COM 564910107 230.64 30000 SH SOLE 30000
MARKETWATCH.COM, INC. COM 570619106 3132.30 42400 SH SOLE 42400
MARSH & MCLENNAN COMPANIES INC COM 571748102 898.42 12100 SH SOLE 12100
MARRIOTT INT'L, INC. CL A 571903202 393.41 11700 SH SOLE 11700
MARTIN MARIETTA MATERIALS COM 573284106 382.32 6700 SH SOLE 6700
MASCO CORP. COM 574599106 10401.65 368200 SH SOLE 368200
MASTECH CORPORATION COM 57632N105 768.30 59100 SH SOLE 59100
MATTEL INC. COM 577081102 320.88 12900 SH SOLE 12900
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 1949.58 36020 SH SOLE 36020
MAY DEPARTMENT STORES CO. COM 577778103 657.30 16800 SH SOLE 16800
MAYTAG CORP. COM 578592107 548.20 9080 SH SOLE 9080
MCDERMOTT INT'L, INC. COM 580037109 4725.93 186700 SH SOLE 186700
MCDONALDS CORP. COM 580135101 27133.42 598800 SH SOLE 598800
MCGRAW-HILL INC. COM 580645109 501.40 9200 SH SOLE 9200
MCKESSON HBOC, INC. COM 58155Q103 17773.66 269298 SH SOLE 269298
MCLEODUSA INC. COM 582266102 424.20 10100 SH SOLE 10100
MEDCO RESEARCH, INC. COM 584059109 1471.60 56600 SH SOLE 56600
MEDIA GENERAL, INC. CL A 584404107 660.30 14200 SH SOLE 14200
MEDIAONE GROUP, INC. COM 58440J104 22129.75 348500 SH SOLE 348500
MEDIAONE GROUP, INC. PFD CV SER D 58440J203 5785.33 45000 SH SOLE 45000
MEDIMMUNE, INC. COM 584699102 11032.64 186400 SH SOLE 186400
MEDQUIST INC. COM 584949101 990.00 33000 SH SOLE 33000
MEDTRONIC INC. COM 585055106 24150.40 336591 SH SOLE 336591
MELLON BANK CORPORATION COM 585509102 23223.75 330000 SH SOLE 330000
MEN'S (THE) WEARHOUSE, INC. COM 587118100 1508.86 52255 SH SOLE 52255
MENTOR CORP/MINN COM 587188103 1175.04 80000 SH SOLE 80000
MENTOR GRAPHICS CORP. COM 587200106 216.00 16000 SH SOLE 16000
MERCANTILE BANCORPORATION, INC COM 587342106 7291.25 153500 SH SOLE 153500
MERCK AND CO. INC. COM 589331107 47182.61 588400 SH SOLE 588400
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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
MERCURY INTERACTIVE CORP. COM 589405109 1008.18 28300 SH SOLE 28300
MERRILL CORP. COM 590175105 282.21 21100 SH SOLE 21100
MERRILL LYNCH & CO., INC. COM 590188108 27362.71 309400 SH SOLE 309400
MESABA HOLDINGS, INC. COM 59066B102 744.03 55500 SH SOLE 55500
META GROUP, INC. COM 591002100 1028.58 66900 SH SOLE 66900
METAMOR WORLDWIDE, INC. COM 59133P100 946.40 67600 SH SOLE 67600
METTLER-TOLEDO INT'L INC. COM 592688105 391.79 15830 SH SOLE 15830
METZLER GROUP, INC. COM 592903108 941.25 30000 SH SOLE 30000
FRED MEYER, INC. COM 592907109 16724.03 284060 SH SOLE 284060
MICREL, INC. COM 594793101 1381.73 27600 SH SOLE 27600
MICROSOFT CORP. COM 594918104 128805.4 1437160 SH SOLE 1437160
MICROCHIP TECHNOLOGY INC COM 595017104 8173.57 236060 SH SOLE 236060
MICRON TECHNOLOGY INC. COM 595112103 472.24 9800 SH SOLE 9800
3M CORP. COM 604059105 1344.25 19000 SH SOLE 19000
MIRAVANT MEDICAL TECHNOLOGIES COM 604690107 620.81 90300 SH SOLE 90300
MOBIL CORP. COM 607059102 22026.40 250300 SH SOLE 250300
MODIS PROFESSIONAL SERVICES COM 607830106 5101.82 562929 SH SOLE 562929
MOHAWK INDUSTRIES, INC. COM 608190104 351.00 11700 SH SOLE 11700
MONSANTO COMPANY COM 611662107 17102.71 372300 SH SOLE 372300
MORGAN J.P. & CO. INC. COM 616880100 999.33 8100 SH SOLE 8100
MORGAN STANLEY DEAN WITTER COM NEW 617446448 4058.48 40610 SH SOLE 40610
MOTOROLA, INC. COM 620076109 32515.67 443900 SH SOLE 443900
MUTUAL RISK MANAGEMENT, LTD. COM 628351108 393.59 10290 SH SOLE 10290
MYLAN LABORATORIES INC. COM 628530107 220.05 8020 SH SOLE 8020
NCI BUILDING SYSTEMS, INC. COM 628852105 1175.00 50000 SH SOLE 50000
NCO GROUP, INC. COM 628858102 1961.00 53000 SH SOLE 53000
NABISCO HOLDINGS CORP. CL A 629526104 5964.29 143500 SH SOLE 143500
NATIONAL CITY CORP. COM 635405103 1002.26 15100 SH SOLE 15100
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1086.08 44330 SH SOLE 44330
NATIONAL DATA CORP COM 635621105 1722.00 41000 SH SOLE 41000
NATIONAL INSTRUMENTS CORP. COM 636518102 1282.50 45000 SH SOLE 45000
NATIONWIDE FINANCIAL SERVICES CL A 638612101 392.70 9350 SH SOLE 9350
NAUTICA ENTERPRISES INC. COM 639089101 188.92 16700 SH SOLE 16700
NEIMAN MARCUS GROUP, INC. COM 640204103 1097.31 48500 SH SOLE 48500
NETWORK ASSOCIATES, INC. COM 640938106 5870.00 191280 SH SOLE 191280
NETGRAVITY, INC. COM 641114103 2668.68 64500 SH SOLE 64500
NETWORK SOLUTIONS, INC. CL A 64121Q102 3172.50 30000 SH SOLE 30000
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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
NEWBRIDGE NETWORKS CORP. COM 650901101 7064.90 227900 SH SOLE 227900
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 10317.26 281700 SH SOLE 281700
NIKE, INC. CL B 654106103 10014.63 173600 SH SOLE 173600
NOBLE AFFILIATES INC. COM 654894104 1142.60 39400 SH SOLE 39400
NOKIA CORP. SPONSORED ADR 654902204 21119.70 135600 SH SOLE 135600
NOBLE DRILLING CORP. COM 655042109 276.31 15960 SH SOLE 15960
NORFOLK SOUTHERN CORP. COM 655844108 480.02 18200 SH SOLE 18200
THE NORTH FACE, INC. COM 659317101 246.25 19700 SH SOLE 19700
NORTH FORK BANCORPORATION, INC COM 659424105 1744.92 82600 SH SOLE 82600
NORTHERN TELECOM LTD. COM 665815106 10238.20 164800 SH SOLE 164800
NORTHERN TRUST CORP. COM 665859104 997.36 11230 SH SOLE 11230
NORTHWEST AIRLINES CORP. CL A 667280101 8049.08 289400 SH SOLE 289400
NOVA CORPORATION COM 669784100 2124.62 80938 SH SOLE 80938
NOVELL INC. COM 670006105 9228.88 366400 SH SOLE 366400
NOVELLUS SYSTEMS INC. COM 670008101 13306.62 241390 SH SOLE 241390
NOVOSTE CORP. COM 67010C100 1048.80 43700 SH SOLE 43700
OAK INDUSTRIES INC. COM NEW 671400505 374.65 11800 SH SOLE 11800
OCEANEERING INT'L INC. COM 675232102 847.00 56000 SH SOLE 56000
OFFICE DEPOT, INC. COM 676220106 2348.66 63800 SH SOLE 63800
OFFICE DEPOT, INC. LYON SUB ZERO 07 676220AA4 1151.16 1060000 PRN SOLE 0
OFFICE DEPOT, INC. LYON SUB ZERO 08 676220AB2 3255.00 3750000 PRN SOLE 0
OFFICEMAX, INC. COM 67622M108 3456.03 400700 SH SOLE 400700
OMNICARE, INC. COM 681904108 889.67 46670 SH SOLE 46670
OMNICOM GROUP INC. COM 681919106 1291.79 16160 SH SOLE 16160
OMNIPOINT CORP. COM 68212D102 349.39 24200 SH SOLE 24200
ORACLE CORPORATION COM 68389X105 17410.13 660100 SH SOLE 660100
ORBITAL SCIENCES CORP. COM 685564106 1922.45 67900 SH SOLE 67900
O'REILLY AUTOMOTIVE INC. COM 686091109 2054.02 45900 SH SOLE 45900
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1414.82 89830 SH SOLE 89830
OUTBACK STEAKHOUSE, INC. COM 689899102 2112.37 64500 SH SOLE 64500
OUTDOOR SYSTEMS, INC. COM 690057104 2311.05 77035 SH SOLE 77035
OWENS-ILLINOIS, INC. COM NEW 690768403 230.50 9220 SH SOLE 9220
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 2186.28 60000 SH SOLE 60000
OXFORD HEALTH PLANS, INC. COM 691471106 7290.62 466600 SH SOLE 466600
PECO ENERGY COMPANY COM 693304107 485.62 10500 SH SOLE 10500
PG&E CORP. COM 69331C108 559.13 18000 SH SOLE 18000
PMC-SIERRA, INC. COM 69344F106 1400.26 19670 SH SOLE 19670
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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
PNC FINANCIAL CORP. COM 693475105 805.66 14500 SH SOLE 14500
PPG INDUSTRIES INC. COM 693506107 440.75 8600 SH SOLE 8600
PRI AUTOMATION, INC. COM 69357H106 275.10 13100 SH SOLE 13100
PSS WORLD MEDICAL, INC. COM 69366A100 735.00 83400 SH SOLE 83400
PACIFIC GATEWAY EXCHANGE, INC. COM 694327107 720.17 21700 SH SOLE 21700
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 1256.21 36150 SH SOLE 36150
PACIFICARE HEALTH SYSTEMS, INC CL B 695112201 1310.40 19200 SH SOLE 19200
PAGEMART WIRELESS, INC. CL A 69553J104 819.00 168000 SH SOLE 168000
PAPA JOHN'S INT'L, INC. COM 698813102 297.84 6750 SH SOLE 6750
PAREXEL INT'L CORP. COM 699462107 930.96 45000 SH SOLE 45000
PATHOGENESIS CORP. COM 70321E104 292.88 22000 SH SOLE 22000
PATTERSON DENTAL COMPANY COM 703412106 1038.00 24000 SH SOLE 24000
PAYCHEX INC. COM 704326107 1037.94 21880 SH SOLE 21880
PAYMENTECH, INC. COM 704384106 1015.87 43000 SH SOLE 43000
PENNEY (J.C.) CO. INC. COM 708160106 502.20 12400 SH SOLE 12400
PEPSICO, INC. COM 713448108 26792.83 683700 SH SOLE 683700
PEREGRINE SYSTEMS, INC. COM 71366Q101 369.87 11000 SH SOLE 11000
PETCO ANIMAL SUPPLIES, INC. COM 716016100 2676.00 267600 SH SOLE 267600
PHARMACIA & UPJOHN, INC. COM 716941109 2513.71 40300 SH SOLE 40300
PFIZER INC. COM 717081103 72524.62 522700 SH SOLE 522700
PHILLIPS PETROLEUM COMPANY COM 718507106 538.65 11400 SH SOLE 11400
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 1764.00 3600000 PRN SOLE 0
PINNACLE SYSTEMS, INC. COM 723481107 1578.85 34700 SH SOLE 34700
PIONEER HI-BRED INT'L INC. COM 723686101 425.16 11300 SH SOLE 11300
PITNEY BOWES, INC. COM 724479100 3111.00 48800 SH SOLE 48800
PLATINUM TECH INTERN, INC. COM 72764T101 1175.04 46080 SH SOLE 46080
PLEXUS CORP. COM 729132100 914.30 32800 SH SOLE 32800
POLO RALPH LAUREN CORP. CL A 731572103 789.03 39700 SH SOLE 39700
POWERTEL, INC. COM 73936C109 1710.00 120000 SH SOLE 120000
PRAXAIR INC. COM 74005P104 263.25 7300 SH SOLE 7300
PRE-PAID LEGAL SERVICES, INC. COM 740065107 578.20 23600 SH SOLE 23600
PREMISYS COMMUNICATIONS, INC. COM 740584107 370.01 42900 SH SOLE 42900
T. ROWE PRICE ASSCIATES, INC. COM 741477103 477.81 13900 SH SOLE 13900
PRIORITY HEALTHCARE CORP. CL B 74264T102 1466.10 32400 SH SOLE 32400
PROCTER & GAMBLE COMPANY COM 742718109 35384.99 361300 SH SOLE 361300
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 820.83 111300 SH SOLE 111300
PROFIT RECOVERY GROUP INT'L COM 743168106 418.70 10600 SH SOLE 10600
<PAGE>
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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
PROGRESSIVE CORP. COM 743315103 459.20 3200 SH SOLE 3200
PROLOGIS TRUST PFD CV SBI B 743410300 3942.89 155000 SH SOLE 155000
PROMUS HOTEL CORP COM 74342P106 8251.66 226850 SH SOLE 226850
PROTECTION ONE ALARM MONITORNG SRSBNTCV 6.75%03 743659AL8 3910.20 4200000 PRN SOLE 0
PROTECTION LIFE CORP COM 743674103 1757.40 46400 SH SOLE 46400
PROVIDENT BANKSHARES CORP. COM 743859100 3434.65 131470 SH SOLE 131470
PROVIDENT COMPANIES, INC. COM 743862104 495.28 14330 SH SOLE 14330
PROVIDIAN FINANCIAL CORP. COM 74406A102 1350.80 12280 SH SOLE 12280
PROXIM, INC. COM 744284100 2021.12 70300 SH SOLE 70300
PUBLIC SERVICE ENTERPRISE GRP COM 744573106 400.97 10500 SH SOLE 10500
PULTE CORP. COM 745867101 1486.04 71400 SH SOLE 71400
QRS CORP. COM 74726X105 2283.54 36500 SH SOLE 36500
QLOGIC CORP. COM 747277101 2403.07 35800 SH SOLE 35800
QUIKSILVER, INC. COM 74838C106 1208.35 28600 SH SOLE 28600
QUORUM HEALTH GROUP, INC COM 749084109 268.00 26800 SH SOLE 26800
QWEST COMMUNICATIONS INT'L INC COM 749121109 13128.31 182100 SH SOLE 182100
R&B FALCON CORP. COM 74912E101 2849.59 323340 SH SOLE 323340
RATIONAL SOFTWARE CORP. COM NEW 75409P202 286.89 10700 SH SOLE 10700
RAYTHEON COMPANY CL B 755111408 932.13 15900 SH SOLE 15900
REALNETWORKS, INC. COM 75605L104 281.03 2300 SH SOLE 2300
REGIONS FINANCIAL CORP. COM 758940100 360.10 10400 SH SOLE 10400
RELIANT ENERGY, INC. COM 75952J108 349.24 13400 SH SOLE 13400
RENAL CARE GROUP, INC. COM 759930100 753.60 38400 SH SOLE 38400
RENT-A-CENTER, INC. COM 76009N100 1831.37 63700 SH SOLE 63700
RENT-WAY, INC. COM 76009U104 1567.20 65300 SH SOLE 65300
REPUBLIC SERVICES, INC. CL A 760759100 4450.08 274900 SH SOLE 274900
RICHFOOD HOLDINGS, INC. COM 763408101 1022.08 47400 SH SOLE 47400
RITE AID CORP. COM 767754104 535.50 21420 SH SOLE 21420
ROBERTS PHARMACEUTICAL CORP. COM 770491108 1437.97 69300 SH SOLE 69300
ROCKWELL INT'L CORP. COM 773903109 377.69 8900 SH SOLE 8900
ROMAC INTERNATIONAL, INC. COM 775835101 651.10 76600 SH SOLE 76600
ROSS STORES INC COM 778296103 6369.97 145390 SH SOLE 145390
ROUSE COMPANY PFD CONV SER B 779273309 1527.25 41000 SH SOLE 41000
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 21340.80 410400 SH SOLE 410400
SBC COMMUNICATIONS INC. COM 78387G103 20965.91 444900 SH SOLE 444900
SCI SYSTEMS, INC. COM 783890106 1309.42 44200 SH SOLE 44200
SCI SYSTEMS, INC. SBNTCV 144A 5%06 783890AD8 1845.00 1500000 PRN SOLE 0
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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
SFX ENTERTAINMENT, INC. CL A 784178105 1691.55 26200 SH SOLE 26200
SLM HOLDING CORP. COM 78442A109 2650.99 63497 SH SOLE 63497
SLI, INC. COM 78442T108 1026.90 48900 SH SOLE 48900
S&P DEPOSITARY RECEIPTS UNIT SER 1 78462F103 32719.81 255000 SH SOLE 255000
SPX CORP. COM 784635104 474.11 9400 SH SOLE 9400
SAFEWAY INC. COM NEW 786514208 26815.66 522590 SH SOLE 522590
ST. PAUL CAPITAL L.L.C. PFD MIPS 6% 792856205 2887.50 50000 SH SOLE 50000
SAKS INC. COM 79377W108 4041.70 155450 SH SOLE 155450
SANMINA CORP. COM 800907107 3040.87 47700 SH SOLE 47700
SARA LEE CORP. COM 803111103 13162.05 531800 SH SOLE 531800
SAVILLE SYSTEMS IRELAND PLC SPONSORED ADR 805174109 726.42 59300 SH SOLE 59300
SAWTEK INC. COM 805468105 1508.62 44700 SH SOLE 44700
HENRY SCHEIN, INC. COM 806407102 933.49 36970 SH SOLE 36970
SCHERING PLOUGH CORP. COM 806605101 38951.41 704200 SH SOLE 704200
SCHLUMBERGER LTD. COM 806857108 1892.91 31450 SH SOLE 31450
SCHWAB (CHARLES) CORP. COM 808513105 13467.11 140100 SH SOLE 140100
SEAGATE TECHNOLOGY INC. COM 811804103 7275.45 246100 SH SOLE 246100
SEARS, ROEBUCK AND COMPANY COM 812387108 813.38 18000 SH SOLE 18000
SECURE COMPUTING CORP. COM 813705100 589.05 56100 SH SOLE 56100
SECURITY DYNAMICS TECH., INC. COM 814208104 1463.92 78600 SH SOLE 78600
SEROLOGICALS CORP. COM 817523103 929.33 68520 SH SOLE 68520
SERVICEMASTER COMPANY COM 81760N109 741.42 36500 SH SOLE 36500
SHAW INDUSTRIES, INC. COM 820286102 188.70 10200 SH SOLE 10200
SIEBEL SYSTEMS, INC. COM 826170102 270.75 5700 SH SOLE 5700
SILICON VALLEY BANCSHARES COM 827064106 1179.21 57000 SH SOLE 57000
SIMPSON MANUFACTURING COMPANY COM 829073105 813.05 20200 SH SOLE 20200
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1856.99 45500 SH SOLE 45500
SMITH INT'L, INC. COM 832110100 7115.60 177890 SH SOLE 177890
SMITHFIELD FOODS, INC. COM 832248108 1006.66 44370 SH SOLE 44370
SMITHKLINE BEECHAM PLC ADR ADR REP ORD 832378301 12991.55 181700 SH SOLE 181700
SOLECTRON CORP. COM 834182107 3673.74 75649 SH SOLE 75649
SONIC CORP. COM 835451105 514.51 19100 SH SOLE 19100
SOUTHERN COMPANY COM 842587107 773.99 33200 SH SOLE 33200
SOUTHTRUST CORP. COM 844730101 496.26 13300 SH SOLE 13300
SOUTHWEST AIRLINES CO. COM 844741108 10328.10 341425 SH SOLE 341425
SPORTSLINE USA, INC. COM 848934105 406.06 8900 SH SOLE 8900
SPRINT CORP (PCS GROUP) COM 852061100 17701.75 180400 SH SOLE 180400
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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
SPRINT CORP (PCS GROUP) DECS EXCH 2000 852061407 2190.00 30000 SH SOLE 30000
SPRINT CORP (PCS GROUP) PCS COM SER 1 852061506 21228.14 479050 SH SOLE 479050
STAFFMARK, INC. COM 852389105 243.33 30900 SH SOLE 30900
STAPLES INC. COM 855030102 1495.64 45495 SH SOLE 45495
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 2701.94 192996 SH SOLE 192996
STARBUCKS CORPORATION COM 855244109 470.89 16780 SH SOLE 16780
STATE STREET CORP. COM 857477103 13784.57 167720 SH SOLE 167720
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 954.08 43000 SH SOLE 43000
STERIS CORPORATION COM 859152100 1662.99 62460 SH SOLE 62460
STERLING COMMERCE, INC. COM 859205106 1083.41 35233 SH SOLE 35233
STRAYER EDUCATION, INC. COM 863236105 795.50 21500 SH SOLE 21500
SUIZA FOODS CORP. COM 865077101 6474.83 192200 SH SOLE 192200
SUMMIT BANCORP COM 866005101 5347.29 137110 SH SOLE 137110
SUMMIT DESIGN, INC. COM 86605U101 463.78 134900 SH SOLE 134900
SUN MICROSYSTEMS INC. COM 866810104 39265.51 314280 SH SOLE 314280
SUNDSTRAND CORP. COM 867323107 344.02 4950 SH SOLE 4950
SUNGARD DATA SYSTEMS INC. COM 867363103 2473.20 61830 SH SOLE 61830
SUNOCO, INC. COM 86764P109 434.91 12060 SH SOLE 12060
SUNTERRA CORP. COM 86787D109 826.80 84800 SH SOLE 84800
SUNTRUST BANKS INC. COM 867914103 1120.25 17996 SH SOLE 17996
SUPERIOR SERVICES, INC. COM 868316100 941.11 47500 SH SOLE 47500
SWIFT TRANSPORTATION CO. INC. COM 870756103 1806.07 69800 SH SOLE 69800
SYBRON CORP. COM 87114F106 1945.00 77800 SH SOLE 77800
SYKES ENTERPRISES, INC. COM 871237103 1751.36 54200 SH SOLE 54200
SYLVAN LEARNING SYSTEMS, INC. COM 871399101 1824.81 66660 SH SOLE 66660
SYMANTEC CORP. COM 871503108 685.98 40500 SH SOLE 40500
SYMBOL TECHNOLOGIES, INC. COM 871508107 2272.05 50490 SH SOLE 50490
SYNOPSYS INC. COM 871607107 2474.65 46040 SH SOLE 46040
SYSCO CORP. COM 871829107 413.11 15700 SH SOLE 15700
TCA CABLE TV, INC. COM 872241104 1731.30 39800 SH SOLE 39800
TCF FINANCIAL CORP. COM 872275102 479.18 18430 SH SOLE 18430
TJX COMPANIES INC. COM 872540109 17401.88 511820 SH SOLE 511820
TV GUIDE, INC. CL A 87307Q109 1504.50 40800 SH SOLE 40800
TANDY CORP. COM 875382103 11620.34 182100 SH SOLE 182100
TECH DATA CORP. COM 878237106 899.16 39200 SH SOLE 39200
TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 12464.62 154600 SH SOLE 154600
TELLABS, INC. COM 879664100 38389.35 392730 SH SOLE 392730
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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
TEMPLE-INLAND, INC. COM 879868107 6726.80 107200 SH SOLE 107200
TERADYNE INC. COM 880770102 1904.24 34900 SH SOLE 34900
TERAYON COMMUNICATION SYSTEMS COM 880775101 284.00 7100 SH SOLE 7100
TEREX CORP. COM 880779103 909.51 37700 SH SOLE 37700
TETRA TECH, INC. COM 88162G103 1282.21 60875 SH SOLE 60875
TEXACO INC. COM 881694103 14272.62 251500 SH SOLE 251500
TEXAS INSTRUMENTS INC. COM 882508104 23016.07 231900 SH SOLE 231900
TEXAS UTILITIES CO. COM 882848104 558.60 13300 SH SOLE 13300
TEXTRON, INC. COM 883203101 1555.23 20100 SH SOLE 20100
THEGLOBE.COM, INC. COM 88335R101 3977.13 76300 SH SOLE 76300
THERAGENICS CORP. COM 883375107 646.38 92340 SH SOLE 92340
THERMO ELECTRON CORP. SUBDB CV 144A 03 883556AF9 3552.00 4000000 PRN SOLE 0
THERMO INSTRUMENT SYSTEMS INC. SUB DB CONV 4%05 883559AE6 2427.00 3000000 PRN SOLE 0
3COM CORP. COM 885535104 5413.51 232210 SH SOLE 232210
TICKETMASTER ONLINE-CITYSEARCH CL B 88633P203 3937.48 117100 SH SOLE 117100
TIME WARNER INC. COM 887315109 51290.43 721760 SH SOLE 721760
TOLLGRADE COMMUNICATIONS INC. COM 889542106 525.35 31600 SH SOLE 31600
TOSCO CORP. COM NEW 891490302 313.88 12650 SH SOLE 12650
TOTAL RENAL CARE HOLDINGS, INC COM 89151A107 5860.80 532800 SH SOLE 532800
TOTAL RENAL CARE HOLDINGS, INC SB NT CV144A7%09 89151AAA5 4349.10 5700000 PRN SOLE 0
TOTAL SA SPONSORED ADR 89151E109 10431.00 171000 SH SOLE 171000
TOWER AUTOMOTIVE, INC. COM 891707101 7976.52 428270 SH SOLE 428270
TRANSACTION NETWORK SERVICES COM 893414102 320.95 19600 SH SOLE 19600
TRANSACTION SYSTEMS ARCHITECTS CL A 893416107 1170.00 32500 SH SOLE 32500
TRANSAMERICA CORP COM 893485102 418.90 5900 SH SOLE 5900
TRANSOCEAN OFFSHORE INC. COM 893817106 8458.34 293560 SH SOLE 293560
TREEV, INC. PFD CONV SER A 894692201 1480.90 200800 SH SOLE 200800
TRICON GLOBAL RESTAURANTS, INC COM 895953107 505.80 7200 SH SOLE 7200
TRIBUNE COMPANY COM 896047107 366.45 5600 SH SOLE 5600
TRIGON HEALTHCARE, INC. COM 89618L100 471.62 13770 SH SOLE 13770
TRIUMPH GROUP, INC. COM 896818101 775.50 33000 SH SOLE 33000
TV AZTECA, S.A. DE C.V. SPONSORED ADR 901145102 715.62 114500 SH SOLE 114500
TYCO INTERNATIONAL LTD. COM 902124106 50435.94 702940 SH SOLE 702940
TYSON FOODS, INC. CL A 902494103 2070.86 100100 SH SOLE 100100
USX - MARATHON GROUP COM NEW 902905827 11733.97 426690 SH SOLE 426690
US BANCORP COM 902973106 11758.54 345200 SH SOLE 345200
USA NETWORKS, INC. COM 902984103 12180.00 340100 SH SOLE 340100
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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
U.S. FOODSERVICE COM 90331R101 8643.42 185880 SH SOLE 185880
USX-US STEEL GROUP INC. COM 90337T101 5567.15 236900 SH SOLE 236900
UNILEVER N.V. ADR NEW YORK SHS 904784501 1999.78 30100 SH SOLE 30100
UNICOM CORP. COM 904911104 372.94 10200 SH SOLE 10200
UNION PACIFIC CORP. COM 907818108 598.50 11200 SH SOLE 11200
UNIPHASE CORP. COM 909149106 3484.83 30270 SH SOLE 30270
UNISYS CORP. COM 909214108 6938.61 250600 SH SOLE 250600
UNITED HEALTHCARE CORP. COM 910581107 463.10 8800 SH SOLE 8800
UNITED INT'L HOLDINGS, INC. CL A 910734102 3697.50 85000 SH SOLE 85000
U.S. CELLULAR CORP. LYON ZERO 15 911684AA6 4104.00 9000000 PRN SOLE 0
U.S. FILTER CORP. COM NEW 911843209 630.87 20600 SH SOLE 20600
U.S. INDUSTRIES, INC. COM 912080108 5276.59 321000 SH SOLE 321000
U.S. WEST, INC. COM 91273H101 1271.95 23100 SH SOLE 23100
UNITED TECHNOLOGIES CORP COM 913017109 2464.97 18200 SH SOLE 18200
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 1479.15 34200 SH SOLE 34200
UNIVISION COMMUNICATIONS INC. CL A 914906102 1675.00 33500 SH SOLE 33500
UNOCAL CORP. COM 915289102 457.25 12400 SH SOLE 12400
USFREIGHTWAYS CORP. COM 916906100 1814.70 55200 SH SOLE 55200
USWEB CORP. COM 917327108 2340.93 56750 SH SOLE 56750
VALASSIS COMMUNICATIONS, INC. COM 918866104 1045.35 20200 SH SOLE 20200
VENTANA MEDICAL SYSTEMS COM 92276H106 425.12 19000 SH SOLE 19000
VENATOR GROUP, INC. COM 922944103 978.93 138600 SH SOLE 138600
VERIO INC. COM 923433106 8706.09 188750 SH SOLE 188750
VERITAS SOFTWARE CORP. COM 923436109 2592.07 32100 SH SOLE 32100
VERTEX PHARMACEUTICALS, INC. COM 92532F100 419.15 16600 SH SOLE 16600
VETERINARY CENTERS OF AMERICA COM 925514101 290.97 20600 SH SOLE 20600
VIACOM, INC. CL B 925524308 1418.55 16900 SH SOLE 16900
VIATEL, INC. COM 925529208 4987.50 175000 SH SOLE 175000
VIASOFT, INC. COM 92552U102 1211.51 293700 SH SOLE 293700
VISIO CORP. COM 927914101 1040.62 37000 SH SOLE 37000
VISX, INC. COM 92844S105 2452.43 22800 SH SOLE 22800
VITESSE SEMICONDUCTOR CORP. COM 928497106 1451.41 28670 SH SOLE 28670
WMX TECHNOLOGIES, INC. SUB NTS CV 2%05 92929QAF4 2868.00 3000000 PRN SOLE 0
WACHOVIA CORP. COM 929771103 746.92 9200 SH SOLE 9200
WADDELL & REED FINANCIAL, INC. CL A 930059100 1480.10 72200 SH SOLE 72200
WAL-MART STORES INC. COM 931142103 60945.48 661100 SH SOLE 661100
WALGREEN CO. COM 931422109 1302.32 46100 SH SOLE 46100
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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
WARNACO GROUP INC. CL A 934390105 205.40 8320 SH SOLE 8320
WARNER-LAMBERT CO. COM 934488107 23284.93 351800 SH SOLE 351800
WASHINGTON MUTUAL, INC. COM 939322103 15630.60 382400 SH SOLE 382400
WASTE MANAGEMENT, INC. COM 94106L109 12730.74 286890 SH SOLE 286890
WASTE MANAGEMENT, INC. SUB NT CONV 4%02 94106LAA7 7767.40 7100000 PRN SOLE 0
WATERS CORP. COM 941848103 542.12 5160 SH SOLE 5160
WATSCO, INC. COM 942622200 1112.96 76100 SH SOLE 76100
WATSON PHARMACEUTICALS, INC. COM 942683103 1817.06 41180 SH SOLE 41180
WEATHERFORD INT'L, INC. COM 947074100 4319.50 165340 SH SOLE 165340
WEBSTER FINANCIAL CORP. COM 947890109 973.08 33700 SH SOLE 33700
WEBTRENDS CORP. COM 94844D104 778.00 16000 SH SOLE 16000
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 11788.16 155490 SH SOLE 155490
WELLS FARGO COMPANY COM 949746101 2612.19 74500 SH SOLE 74500
WENDY'S FINANCING I TECONS SER A 950588202 5723.75 95000 SH SOLE 95000
WESLEY JESSEN VISIONCARE, INC. COM 951018100 848.94 30800 SH SOLE 30800
WESTERN WIRELESS CORP. CL A 95988E204 626.03 17270 SH SOLE 17270
WEYERHAEUSER COMPANY COM 962166104 538.35 9700 SH SOLE 9700
WHOLE FOODS MARKET INC. COM 966837106 959.06 27900 SH SOLE 27900
WILLAMETTE INDUSTRIES, INC. COM 969133107 5662.50 150000 SH SOLE 150000
WILLIAMS COS. INC. COM 969457100 778.15 19700 SH SOLE 19700
WILLIAMS-SONOMA, INC. COM 969904101 1573.52 55700 SH SOLE 55700
WIND RIVER SYSTEMS, INC. COM 973149107 461.35 25900 SH SOLE 25900
WOLVERINE WORLD WIDE, INC. COM 978097103 946.20 99600 SH SOLE 99600
WORLD COLOR PRESS, INC. COM 981443104 471.75 22200 SH SOLE 22200
WM. WRIGLEY JR. COMPANY COM 982526105 479.32 5300 SH SOLE 5300
XILINX INC. COM 983919101 17825.81 439460 SH SOLE 439460
XEROX CORP. COM 984121103 16807.78 314900 SH SOLE 314900
YAHOO! INC. COM 984332106 740.85 4400 SH SOLE 4400
YOUNG & RUBICAM INC. COM 987425105 8704.20 213600 SH SOLE 213600
YOUNG BROADCASTING INC. CL A 987434107 1149.75 25200 SH SOLE 25200
ZALE CORP. COM 988858106 5470.08 160000 SH SOLE 160000
ZIFF-DAVIS INC. - ZDNET GROUP COM 989511100 7236.90 336600 SH SOLE 336600
ZIONS BANCORPORATION COM 989701107 1702.40 25600 SH SOLE 25600
DAIMLERCHRYSLER AG ORD D1668R123 10460.60 121900 SH SOLE 121900
ACE LIMITED ORD G0070K103 5520.27 177000 SH SOLE 177000
GEMSTAR INT'L GROUP LTD. ORD G3788V106 669.72 8900 SH SOLE 8900
RSL COMMUNICATIONS, LTD. CL A G7702U102 334.22 9300 SH SOLE 9300
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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
TOMMY HILFIGER CORP ORD G8915Z102 11009.66 159850 SH SOLE 159850
GILAT SATELLITE NETWORKS LTD ORD M51474100 2418.00 40300 SH SOLE 40300
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 210.60 5400 SH SOLE 5400
FLEXTRONICS INT'L LTD. ORD Y2573F102 5110.20 100200 SH SOLE 100200
GRAND TOTAL $4897509
</TABLE>
