UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/00
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: Marlene J. Nogle
Title: Assistant Vice President and Senior Counsel
Phone: (612) 340-2492
Signature, Place, and Date of Signing:
/s/ Marlene J. Nogle Minneapolis, Minnesota 11/7/00
------------------------- ---------------------- -------
[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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Manager: None
Form 13F Information Table Entry Total: 788
Form 13F Information Table Value Total: $6,987,235
(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>
<S> <C> <C>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ADC TELECOMMUNICATIONS INC. COM 000886101 26905.46 1000538 SH SOLE 1000538
ADT OPERATIONS INC. LYON ZERO CPN 10 000945AC9 5346.50 1850000 PRN SOLE 0
AGCO CORP. COM 001084102 8453.81 711900 SH SOLE 711900
AES CORP. COM 00130H105 21303.50 311000 SH SOLE 311000
AT&T CORP. COM 001957109 34770.10 1183663 SH SOLE 1183663
AT&T CORP. COM LIB GRP A 001957208 23049.00 1280500 SH SOLE 1280500
ATMI INC. COM 00207R101 1577.81 67500 SH SOLE 67500
AXA FINANCIAL, INC. COM 002451102 4681.20 91900 SH SOLE 91900
AXT, INC. COM 00246W103 2295.53 54900 SH SOLE 54900
ABBOTT LABORATORIES COM 002824100 24245.71 509760 SH SOLE 509760
ABERCROMBIE & FITCH CO. CL A 002896207 4068.04 213400 SH SOLE 213400
ABGENIX, INC. COM 00339B107 3935.59 48700 SH SOLE 48700
ACCREDO HEALTH, INC. COM 00437V104 3460.35 70800 SH SOLE 70800
ACTEL CORP. COM 004934105 1955.02 54400 SH SOLE 54400
ACTUATE CORP. COM 00508B102 2079.72 60200 SH SOLE 60200
ACXIOM CORP. COM 005125109 1771.65 55800 SH SOLE 55800
ADELPHIA BUSINESS SOLUTIONS CL A 006847107 987.85 83624 SH SOLE 83624
ADELPHIA COMMUNICATIONS PFD CV SER D 006848402 1811.25 18000 SH SOLE 18000
ADOBE SYSTEMS INC COM 00724F101 18272.92 117700 SH SOLE 117700
ADVANCE PARADIGM INC. COM 007491103 3839.10 91000 SH SOLE 91000
ADVANCED FIBRE COMMUNICATION COM 00754A105 8359.01 220700 SH SOLE 220700
AEROFLEX INC. COM 007768104 1778.45 36575 SH SOLE 36575
ADVANCED ENERGY INDUSTRIES COM 007973100 1128.60 34200 SH SOLE 34200
ADVENT SOFTWARE, INC. COM 007974108 6183.93 88500 SH SOLE 88500
AFFILIATED COMPUTER SVCS INC. CL A 008190100 2598.48 52100 SH SOLE 52100
AFFILIATED MANGERS GROUP COM 008252108 3131.59 55000 SH SOLE 55000
AGILENT TECHNOLOGIES, INC. COM 00846U101 8076.92 165044 SH SOLE 165044
ALBANY MOLECULAR RESEARCH COM 012423109 3539.84 63000 SH SOLE 63000
ALBERTSON'S INC. COM 013104104 328.37 15637 SH SOLE 15637
ALCOA INC COM 013817101 707.24 27940 SH SOLE 27940
ALKERMES INC. COM 01642T108 1452.30 37600 SH SOLE 37600
ALLERGAN INC. COM 018490102 2786.45 33000 SH SOLE 33000
ALLSTATE CORP. COM 020002101 11126.95 320200 SH SOLE 320200
ALLTEL CORP. COM 020039103 4234.53 81140 SH SOLE 81140
ALPHA INDUSTRIES COM 020753109 1553.27 45600 SH SOLE 45600
ALPHARMA INC. CLA 020813101 3056.25 50000 SH SOLE 50000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ALTERA CORP COM 021441100 31725.10 664400 SH SOLE 664400
ALZA CORP. COM 022615108 3442.70 39800 SH SOLE 39800
ALZA CORP. SUB LYON ZERO 14 022615AC2 3417.00 3000000 PRN SOLE 0
AMBAC FINANCIAL GROUP INC. COM 023139108 5493.75 75000 SH SOLE 75000
AMERICA ONLINE INC. COM 02364J104 41234.85 767160 SH SOLE 767160
AMERICA ONLINE INC. SUB NT CV ZRO 19 02364JAC8 2590.00 5000000 PRN SOLE 0
AMERICAN EXPRESS COM 025816109 46697.31 768680 SH SOLE 768680
AMERICAN GENERAL CORP. COM 026351106 19433.70 249150 SH SOLE 249150
AMERICAN HOME PRODUCTS CORP. COM 026609107 34169.14 604090 SH SOLE 604090
AMERICAN INTERNATIONAL GROUP COM 026874107 90537.11 946170 SH SOLE 946170
AMERICAN INTERNATIONAL GROUP COM 026874AN7 4845.00 4250000 PRN SOLE 0
AMERICAN POWER CONVERSION COM 029066107 601.73 31360 SH SOLE 31360
AMERICAN TOWER CORP. CL A 029912201 1699.72 45100 SH SOLE 45100
AMERICREDIT CORP. COM 03060R101 2423.17 84100 SH SOLE 84100
AMERISOURCE HEALTH CORP. CL A 03071P102 3196.00 68000 SH SOLE 68000
AMERITRADE HOLDING CORP. CL A 03072H109 4102.02 231100 SH SOLE 231100
AMGEN INC. COM 031162100 29809.57 426900 SH SOLE 426900
AMKOR TECHNOLOGIES, INC. COM 031652100 449.35 17200 SH SOLE 17200
AMPHENOL CORP. CLA 032095101 2300.29 40400 SH SOLE 40400
ANADARKO PETROLEUM CORP. COM 032511107 3429.33 51600 SH SOLE 51600
ANALOG DEVICES INC. COM 032654105 46658.82 565130 SH SOLE 565130
ANAREN MICROWAVE, INC. COM 032744104 1322.34 9750 SH SOLE 9750
ANDREW CORP COM 034425108 2026.95 77400 SH SOLE 77400
ANDRX GROUP COM ANDRX GRP 034553107 1718.10 18400 SH SOLE 18400
ANTEC CORP. COM 03664P105 619.50 21000 SH SOLE 21000
APACHE CORP. COM 037411105 18819.48 318300 SH SOLE 318300
APACHE CORP. ACES C DP 1/50 037411600 4361.60 85000 SH SOLE 85000
APARTMENT INVT & MGMT CO. PFD CONV CL K 03748R705 2200.00 80000 SH SOLE 80000
APOLLO GROUP INC. CL A 037604105 3378.01 84715 SH SOLE 84715
APPLE COMPUTER INC. COM 037833100 5756.15 223540 SH SOLE 223540
APPLIED MATERIALS INC. COM 038222105 32267.45 544020 SH SOLE 544020
APPLIED MICRO CIRCUITS CORP. COM 03822W109 18635.67 90000 SH SOLE 90000
ARIBA, INC. COM 04033V104 5687.66 39700 SH SOLE 39700
ARROW ELECTRONICS INC. COM 042735100 1369.33 40200 SH SOLE 40200
ART TECHNOLOGY GROUP, INC. COM 04289L107 1591.80 16800 SH SOLE 16800
ARTESYN TECHNOLOGIES INC. COM 043127109 2070.78 71100 SH SOLE 71100
ARTHROCARE CORPORATION COM 043136100 618.12 31800 SH SOLE 31800
ASPEN TECHNOLOGY INC. COM 045327103 658.82 14600 SH SOLE 14600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AT HOME CORP. COM SER A 045919107 3813.75 270000 SH SOLE 270000
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 20808.04 547580 SH SOLE 547580
ASTROPOWER, INC. COM 04644A101 1466.12 37000 SH SOLE 37000
ASYST TECHNOLOGIES INC. COM 04648X107 741.15 36600 SH SOLE 36600
ATLAS AIR, INC. COM 049164106 794.30 18800 SH SOLE 18800
ATMEL CORP. COM 049513104 1506.64 99200 SH SOLE 99200
AURORA BIOSCIENCES CORP. COM 051920106 1013.20 14900 SH SOLE 14900
AUTOMATIC DATA PROCESSING COM 053015103 18666.81 279130 SH SOLE 279130
AVICI SYSTEMS INC. COM 05367L109 375.74 3950 SH SOLE 3950
AVNET INC. COM 053807103 1117.97 39400 SH SOLE 39400
AVOCENT CORPORATION COM 053893103 6003.88 108914 SH SOLE 108914
AWARE, INC. COM 05453N100 1328.25 34500 SH SOLE 34500
BISYS GROUP INC. COM 055472104 4878.45 63100 SH SOLE 63100
BJ SERVICES CO. COM 055482103 6024.48 98560 SH SOLE 98560
BJ'S WHOLESALE CLUB INC. COM 05548J106 1698.74 49780 SH SOLE 49780
BP AMOCO PLC SPONSORED ADR 055622104 1303.80 24600 SH SOLE 24600
BAKER HUGHES INC. COM 057224107 9771.30 263200 SH SOLE 263200
BANK OF AMERICA CORP. COM 060505104 25015.60 477625 SH SOLE 477625
BANK OF NEW YORK CO INC COM 064057102 30508.36 544180 SH SOLE 544180
BANK ONE CORP. COM 06423A103 1691.00 43780 SH SOLE 43780
BANKNORTH GROUP, INC. COM 06646R107 2021.66 113100 SH SOLE 113100
BAXTER INTERNATIONAL INC. COM 071813109 19958.83 250070 SH SOLE 250070
BEA SYSTEMS INC. COM 073325102 29343.30 376800 SH SOLE 376800
BEAR STEARNS COMPANIES INC/THE COM 073902108 2091.60 33200 SH SOLE 33200
BECKMAN COULTER INC. COM 075811109 2780.35 36050 SH SOLE 36050
BECTON DICKINSON AND CO. COM 075887109 5316.68 201100 SH SOLE 201100
BED BATH & BEYOND INC. COM 075896100 4473.30 183400 SH SOLE 183400
BELLSOUTH CORPORATION COM 079860102 8412.65 209010 SH SOLE 209010
BENCHMARK ELECTRONICS INC. COM 08160H101 2189.20 42100 SH SOLE 42100
BERGEN BRUNSWIG CORP CL A 083739102 2707.52 231650 SH SOLE 231650
BEST BUY CO. INC. COM 086516101 9467.40 148800 SH SOLE 148800
BESTFOODS COM 08658U101 800.97 11010 SH SOLE 11010
BIOMATRIX, INC. COM 09060P102 1130.50 64600 SH SOLE 64600
BIOMET INC COM 090613100 15307.07 437345 SH SOLE 437345
BIOVAIL CORP. COM 09067J109 19683.56 241700 SH SOLE 241700
BOEING CO. COM 097023105 2108.61 33470 SH SOLE 33470
BOISE CASCADE CORP. COM 097383103 4664.46 175600 SH SOLE 175600
BOLDER TECHNOLOGIES CORP. COM 097519102 98.23 22946 SH SOLE 22946
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BOOKHAM TECHNOLOGY PLC SONOSORED ADR 09856Q108 1579.94 36850 SH SOLE 36850
BOWATER INC. COM 102183100 13814.84 297490 SH SOLE 297490
BRISTOL-MYERS SQUIBB CO. COM 110122108 34483.50 603650 SH SOLE 603650
BROADCOM CORP. CL A 111320107 15941.25 65400 SH SOLE 65400
BROADVISION INC. COM 111412102 375.77 14700 SH SOLE 14700
BROADWING INC. COM 111620100 756.66 29600 SH SOLE 29600
BROOKS AUTOMATION, INC. COM 11434A100 549.87 16600 SH SOLE 16600
BURLINGTON NORTHERN SANTA FE COM 12189T104 364.84 16920 SH SOLE 16920
BUSINESS OBJECTS SA SPONSORED ADR 12328X107 2080.35 18400 SH SOLE 18400
C-COR ELECTRONICS COM 125010108 215.91 14100 SH SOLE 14100
CDW COMPUTER CENTERS INC. COM 125129106 2028.60 29400 SH SOLE 29400
C.H. ROBINSON WORLDWIDE INC. COM 12541W100 2536.15 45000 SH SOLE 45000
CIGNA CORP. COM 125509109 12282.66 117650 SH SOLE 117650
CMS ENERGY CORP. COM 125896100 1101.76 40900 SH SOLE 40900
C-MAC INDUSTRIES INC. COM 125920108 776.25 13500 SH SOLE 13500
CVS CORP. COM 126650100 15846.91 342170 SH SOLE 342170
CV THERAPEUTICS, INC. COM 126667104 824.47 10600 SH SOLE 10600
CABLE & WIRELESS PLC SPONSORED ADR 126830207 1917.46 45050 SH SOLE 45050
CABLEVISION SYSTEMS CORP. CL A 12686C109 13660.47 206000 SH SOLE 206000
CABLETRON SYSTEM COM 126920107 8446.78 287550 SH SOLE 287550
CABLE DESIGN TECHNOLOGIES CORP COM 126924109 4528.29 186250 SH SOLE 186250
CACHEFLOW INC. COM 126946102 1301.30 9100 SH SOLE 9100
CADENCE DESIGN SYSTEMS INC. COM 127387108 2817.97 109700 SH SOLE 109700
CAL DIVE INTENATIONAL INC. COM 127914109 3196.80 55900 SH SOLE 55900
CALPINE CORP. COM 131347106 13412.18 128500 SH SOLE 128500
CAMPBELL SOUP COMPANY COM 134429109 441.94 17080 SH SOLE 17080
CAPITAL ONE FINANCIAL CORP. COM 14040H105 3201.87 45700 SH SOLE 45700
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 4134.00 5300000 PRN SOLE 0
CARDINAL HEALTH INC. COM 14149Y108 3612.18 40960 SH SOLE 40960
CAREMARK RX, INC. COM 141705103 3026.25 269000 SH SOLE 269000
CARNIVAL CORP. COM 143658102 3069.99 124670 SH SOLE 124670
CATALINA MARKETING CORP. COM 148867104 3691.01 98100 SH SOLE 98100
CATALYTICA INC. COM 148885106 314.32 25400 SH SOLE 25400
CATERPILLAR INC. COM 149123101 437.06 12950 SH SOLE 12950
CELL THERAPEUTICS, INC. COM 150934107 7502.40 112500 SH SOLE 112500
CELESTICA INC. SUB VTG SHS 15101Q108 8323.85 120200 SH SOLE 120200
CELGENE CORP. COM 151020104 5152.70 86600 SH SOLE 86600
CENDANT CORPORATION COM 151313103 10184.57 936513 SH SOLE 936513
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CENDANT CORPORATION RT PUR PRIDES 151313111 1562.46 247500 SH SOLE 247500
CENDANT CORPORATION COM 151313301 2701.87 165000 SH SOLE 165000
CENTEX CORP. COM 152312104 2144.34 66750 SH SOLE 66750
CENTOCOR, INC. SB DB CV 4.75%05 152342AE1 3855.00 3000000 PRN SOLE 0
CEPHALON INC. COM 156708109 2085.50 43000 SH SOLE 43000
CERIDIAN CORP. COM 15677T106 1055.16 37600 SH SOLE 37600
CERNER CORP. COM 156782104 2628.39 56600 SH SOLE 56600
CHARTER COMMUNICATIONS, INC. CL A 16117M107 4979.02 306100 SH SOLE 306100
CHASE MANHATTAN CORP COM 16161A108 34461.32 746110 SH SOLE 746110
CHEVRON CORPORATION COM 166751107 6641.82 77910 SH SOLE 77910
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 5643.75 105000 SH SOLE 105000
CHIRON CORP. COM 170040109 4404.78 97884 SH SOLE 97884
CHUBB CORP. COM 171232101 506.40 6400 SH SOLE 6400
CIENA CORPORATION COM 171779101 42100.29 342800 SH SOLE 342800
CIRCUIT CITY STORES-CIRCUIT CIR CITY GRP 172737108 5074.03 220610 SH SOLE 220610
CISCO SYSTEMS INC. COM 17275R102 156865.2 2839190 SH SOLE 2839190
CITADEL COMMUNICATIONS CORP. COM 172853202 385.90 22700 SH SOLE 22700
CINTAS CORP. COM 172908105 1868.85 42900 SH SOLE 42900
CITIGROUP INC COM 172967101 119536.6 2211062 SH SOLE 2211062
CITIZENS UTILITIES TRUST PFD EPPICS CV 177351202 1627.50 30000 SH SOLE 30000
CITY NATIONAL CORP. COM 178566105 3736.96 96750 SH SOLE 96750
CLARENT CORP. COM 180461105 318.93 8100 SH SOLE 8100
CLEAR CHANNEL COMMUNICATIONS COM 184502102 30630.28 542129 SH SOLE 542129
COASTAL CORP. COM 190441105 2708.52 36540 SH SOLE 36540
COCA-COLA CO COM 191216100 28474.26 516540 SH SOLE 516540
COGNEX CORP. COM 192422103 563.96 14300 SH SOLE 14300
COGNIZANT TECH SOLUTIONS CORP. CL A 192446102 1677.00 43000 SH SOLE 43000
COGNOS INC. COM 19244C109 3308.90 81200 SH SOLE 81200
COHERENT, INC. COM 192479103 897.60 13200 SH SOLE 13200
KENNETH COLE PRODUCTIONS INC. COM 193294105 2267.09 64200 SH SOLE 64200
COLGATE-PALMOLIVE COMPANY COM 194162103 9248.36 195940 SH SOLE 195940
COMCAST CORP. CL A SPL 200300200 27407.99 669500 SH SOLE 669500
COMDISCO INC. COM 200336105 407.94 21400 SH SOLE 21400
COMMERCE ONE, INC. COM 200693109 14086.82 179450 SH SOLE 179450
COMMSCOPE INC. COM 203372107 654.15 26700 SH SOLE 26700
COMMUNITY FIRST BANKSHARES COM 203902101 1594.72 90800 SH SOLE 90800
COMPAQ COMPUTER CORP. COM 204493100 16304.74 591180 SH SOLE 591180
COMPASS BANCSHARES INC. COM 20449H109 4478.17 229650 SH SOLE 229650
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
COMPUCREDIT CORP. COM 20478N100 2333.51 41600 SH SOLE 41600
COMPUTER ASSOCIATES INT'L INC. COM 204912109 513.83 20400 SH SOLE 20400
COMPUTER SCIENCES CORP. COM 205363104 5777.39 77810 SH SOLE 77810
COMVERSE TECHNOLOGY INC. COM PAR $0.10 205862402 29268.00 271000 SH SOLE 271000
CONAGRA FOODS INC COM 205887102 8988.22 448000 SH SOLE 448000
CONCORD EFS INC. COM 206197105 18337.79 516325 SH SOLE 516325
CONEXANT SYSTEMS INC. COM 207142100 5896.00 140800 SH SOLE 140800
CONOCO INC CLB 208251405 645.51 23963 SH SOLE 23963
CONSTELLATION ENERGY GROUP COM 210371100 3537.22 71100 SH SOLE 71100
CONVERGENT COMMUNICATIONS INC. COM 211914403 113.18 35505 SH SOLE 35505
CONVERGYS CORP. COM 212485106 2589.07 66600 SH SOLE 66600
COOPER CAMERON CORP. COM 216640102 1201.11 16300 SH SOLE 16300
COPART, INC. COM 217204106 771.45 55600 SH SOLE 55600
CORNING INC COM 219350105 64668.78 217740 SH SOLE 217740
CORPORATE EXECUTIVE BOARD CO. COM 21988R102 3880.10 96400 SH SOLE 96400
CORVIS CORPORATION COM 221009103 3247.70 53200 SH SOLE 53200
COST PLUS INC. /CALIFORNIA COM 221485105 599.48 19900 SH SOLE 19900
COSTCO WHOLESALE CORP. COM 22160K105 14501.71 415070 SH SOLE 415070
COSTCO WHOLESALE INC. SB CV ZERO144A17 22160QAA0 3444.00 4000000 PRN SOLE 0
COSTCO WHOLESALE INC. SB NT CV ZERO17 22160QAC6 2798.25 3250000 PRN SOLE 0
COVAD COMMUNICATIONS GROUP INC COM 222814204 1337.50 100000 SH SOLE 100000
CREDENCE SYSTEMS CORP. COM 225302108 5220.00 174000 SH SOLE 174000
CREE, INC. COM 225447101 1185.75 10200 SH SOLE 10200
CROWN CASTLE INT'L CORP. COM 228227104 1981.81 63800 SH SOLE 63800
CUBIST PHARMACEUTICALS, INC. COM 229678107 1775.34 34100 SH SOLE 34100
CULLEN/FROST BANKERS, INC. COM 229899109 1855.75 57100 SH SOLE 57100
CURAGEN CORP. COM 23126R101 4528.88 85000 SH SOLE 85000
CYMER INC. COM 232572107 1420.85 46300 SH SOLE 46300
CYPRESS SEMICONDUCTOR CORP. COM 232806109 12606.05 303300 SH SOLE 303300
CYTEC INDUSTRIES INC COM 232820100 832.60 24900 SH SOLE 24900
CYTYC CORP. COM 232946103 2501.25 58000 SH SOLE 58000
DIGITAL MICROWAVE CORPORATION COM 23322L106 567.02 35300 SH SOLE 35300
DQE, INC. COM 23329J104 1324.12 33000 SH SOLE 33000
DST SYSTEMS INC. COM 233326107 2737.75 23300 SH SOLE 23300
DSP GROUP, INC. COM 23332B106 504.56 13500 SH SOLE 13500
DALLAS SEMICONDUCTOR CORP. COM 235204104 1505.67 45800 SH SOLE 45800
DANAHER CORP. COM 235851102 2407.90 48400 SH SOLE 48400
DARDEN RESTAURANTS INC. COM 237194105 1961.41 94240 SH SOLE 94240
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
DEERE & CO. COM 244199105 305.56 9190 SH SOLE 9190
DELL COMPUTER CORP. COM 247025109 27598.27 895670 SH SOLE 895670
DELTA AIR LINES INC. COM 247361108 6310.12 142200 SH SOLE 142200
DENDRITE INTERNATIONAL INC. COM 248239105 3690.80 137650 SH SOLE 137650
PENNZENERGY COMPANY COM 25179M103 8384.91 139400 SH SOLE 139400
DEVRY INC. COM 251893103 3092.77 82200 SH SOLE 82200
DIAMOND OFFSHORE DRILLING COM 25271C102 10545.20 257200 SH SOLE 257200
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 4536.00 4000000 PRN SOLE 0
DIAMOND OFFSHORE DRILLING DEB ZRO CV144A20 25271CAB8 2530.00 5000000 PRN SOLE 0
DIAMOND TECH PARTNERS INC. CL A 252762109 1143.45 15400 SH SOLE 15400
DIEBOLD, INC. COM 253651103 2441.13 91900 SH SOLE 91900
DIGITAL LIGHTWAVE, INC. COM 253855100 624.57 8600 SH SOLE 8600
DIGITAL LIGHTHOUSE CORP. COM 25386P105 523.20 174400 SH SOLE 174400
DISNEY (WALT) CO COM 254687106 28696.68 750240 SH SOLE 750240
DITECH COMMUNICATIONS CORP. COM 25500M103 291.10 7100 SH SOLE 7100
DOBSON COMMUNICATIONS CORP. CL A 256069105 335.18 22820 SH SOLE 22820
DOCUMENTUM, INC. COM 256159104 3880.78 47800 SH SOLE 47800
DOLLAR THRIFTY AUTO GROUP INC. COM 256743105 1352.87 68500 SH SOLE 68500
DOLLAR TREE STORES, INC. COM 256747106 2470.28 60900 SH SOLE 60900
DOMINION RESOURCES, INC. COM 25746U109 414.80 7144 SH SOLE 7144
DLJDIRECT COM 257661108 3434.41 38400 SH SOLE 38400
DOVER CORP. COM 260003108 1623.11 34580 SH SOLE 34580
DOW CHEMICAL CO. COM 260543103 5916.54 237250 SH SOLE 237250
DUPONT (E.I.) DE NEMOURS COM 263534109 1643.30 39657 SH SOLE 39657
DUKE ENERGY CORP. COM 264399106 1193.64 13920 SH SOLE 13920
DUPONT PHOTOMASKS, INC. COM 26613X101 663.87 11300 SH SOLE 11300
DYCOM INDUSTRIES, INC. COM 267475101 4445.55 106800 SH SOLE 106800
DYNEGY INC. CL A 26816Q101 6000.39 105270 SH SOLE 105270
EGL, INC. COM 268484102 1391.50 46000 SH SOLE 46000
EMC CORP. COM 268648102 142515.9 1437740 SH SOLE 1437740
ENSCO INTERNATIONAL, INC. COM 26874Q100 11586.69 302920 SH SOLE 302920
EOG RESOURCES, INC. COM 26875P101 3747.55 96400 SH SOLE 96400
E*TRADE GROUP, INC. COM 269246104 4906.74 298500 SH SOLE 298500
EASTMAN KODAK CO. COM 277461109 499.49 12220 SH SOLE 12220
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 17011.87 322500 SH SOLE 322500
ECHOSTAR COMMUNICATIONS CORP. PFD CV SER C 278762307 3168.00 3300 SH SOLE 3300
ECHOSTAR COMMUNICATIONS CORP. SUB NT CV 144A07 278762AB5 5648.25 4250000 PRN SOLE 0
EDISON INT'L COM 281020107 6765.34 350300 SH SOLE 350300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EDWARDS (A.G.) INC. COM 281760108 4865.10 93000 SH SOLE 93000
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 4296.87 55000 SH SOLE 55000
ELANTEC SEMICONDUCTOR, INC. COM 284155108 6156.82 61800 SH SOLE 61800
ELECTRO SCIENTIFIC INDUSTRIES COM 285229100 1974.02 56200 SH SOLE 56200
ELECTRONIC ARTS INC. COM 285512109 2137.93 43300 SH SOLE 43300
ELECTRONIC DATA SYSTEMS CORP. COM 285661104 5453.93 131420 SH SOLE 131420
ELECTRONICS FOR IMAGING, INC. COM 286082102 3234.52 128100 SH SOLE 128100
EMCORE CORP. COM 290846104 1912.58 46000 SH SOLE 46000
EMERSON ELECTRIC CO. COM 291011104 1095.45 16350 SH SOLE 16350
ENRON CORP. COM 293561106 4168.32 47570 SH SOLE 47570
EQUANT N.V. NY REG SHS 294409107 3910.94 106600 SH SOLE 106600
EQUIFAX INC. COM 294429105 10115.21 375500 SH SOLE 375500
EQUITY OFFICE PROPERTIES TRUST COM 294741103 2935.45 94500 SH SOLE 94500
ERP OPERATING LP PFD G DEP 1/10 29476L859 2262.50 100000 SH SOLE 100000
EXAR CORP. COM 300645108 2286.90 18900 SH SOLE 18900
EXE TECHNOLOGIES, INC. COM 301504106 208.50 13900 SH SOLE 13900
EXPEDITORS INT'L OF WASHINGTON COM 302130109 3455.43 76680 SH SOLE 76680
EXTREME NETWORKS, INC. COM 30226D106 18858.15 164700 SH SOLE 164700
EXXON MOBIL CORP. COM 30231G102 56712.37 636324 SH SOLE 636324
F.Y.I. INC. COM 302712104 1973.40 52800 SH SOLE 52800
FACTSET RESEARCH SYSTEMS INC. COM 303075105 2481.60 66000 SH SOLE 66000
FAIRCHILD SEMICONDUCTOR CORP. CL A 303726103 860.62 30600 SH SOLE 30600
FAMILY DOLLAR STORES, INC. COM 307000109 4383.22 227700 SH SOLE 227700
FEDERAL HOME LOAN MTG CORP. COM 313400301 24502.97 453230 SH SOLE 453230
FEDERAL NATIONAL MTG ASSOC. COM 313586109 27824.94 389160 SH SOLE 389160
FEDEX CORP. COM 31428X106 473.99 10690 SH SOLE 10690
FIFTH THIRD BANCORP COM 316773100 824.28 15300 SH SOLE 15300
FIRST DATA CORP. COM 319963104 641.80 16430 SH SOLE 16430
FIRST UNION CORP. COM 337358105 1193.20 37070 SH SOLE 37070
FIRSTAR CORP. COM 33763V109 822.28 36750 SH SOLE 36750
FISERV INC. COM 337738108 3617.04 60410 SH SOLE 60410
FLEETBOSTON FINANCIAL CORP. COM 339030108 20863.63 534965 SH SOLE 534965
FORD MOTOR CO. COM PAR $0.01 345370860 12812.98 506182 SH SOLE 506182
FOREST LABORATORIES, INC. CL A 345838106 2722.69 23740 SH SOLE 23740
FORRESTER RESEARCH, INC. COM 346563109 2454.37 38500 SH SOLE 38500
FORWARD AIR CORP. COM 349853101 1872.00 53200 SH SOLE 53200
FOX ENTERTAINMENT GROUP, INC. CL A 35138T107 10719.25 404500 SH SOLE 404500
FREEMARKETS, INC. COM 356602102 3159.01 55300 SH SOLE 55300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 1736.16 197000 SH SOLE 197000
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 885.00 2500000 PRN SOLE 0
GANNETT CO. INC. COM 364730101 540.60 10200 SH SOLE 10200
GAP INC. COM 364760108 7899.46 392520 SH SOLE 392520
GATEWAY INC. COM 367626108 1085.53 23220 SH SOLE 23220
GAYLORD CONTAINER CORP. CL A 368145108 171.12 101377 SH SOLE 101377
GAYLORD CONTAINER CORP. WT EXP 110202 368145116 223.82 127902 SH SOLE 127902
GEMSTAR -TV GUIDE INT'L, INC. COM 36866W106 19957.33 228900 SH SOLE 228900
GENAISSANCE PHARMACEUTICALS COM 36867W105 1963.29 94900 SH SOLE 94900
GENENCOR INT'L, INC. COM 368709101 407.34 13750 SH SOLE 13750
GENENTECH, INC. COM 368710406 30081.45 162000 SH SOLE 162000
GENERAL DYNAMICS CORP. COM 369550108 18768.52 298800 SH SOLE 298800
GENERAL ELECTRIC CO. COM 369604103 149911.4 2598660 SH SOLE 2598660
GENERAL MOTORS CORP. COM 370442105 1206.98 18569 SH SOLE 18569
GENERAL MOTORS CORP. CL H NEW 370442832 16584.28 446054 SH SOLE 446054
GENTEX CORP. COM 371901109 697.50 27900 SH SOLE 27900
GENZYME TRANSGENICS CORP. COM 37246E105 3200.70 90800 SH SOLE 90800
GENUITY INC. CL A 37248E103 1300.97 199200 SH SOLE 199200
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 15165.01 222400 SH SOLE 222400
GETTY IMAGES, INC. COM 374276103 602.67 19800 SH SOLE 19800
GILEAD SCIENCES, INC. COM 375558103 1601.44 14600 SH SOLE 14600
GILLETTE CO. COM 375766102 4525.65 146580 SH SOLE 146580
GLIMCHER REALTY TRUST SH BEN INT 379302102 2529.00 169300 SH SOLE 169300
GOLDEN WEST FINANCIAL CORP. COM 381317106 1930.50 36000 SH SOLE 36000
GOLDMAN SACHS GROUP LP COM 38141G104 5901.98 51800 SH SOLE 51800
GRANITE BROADCASTING CORP. COM 387241102 2228.09 485000 SH SOLE 485000
GUIDANT CORP. COM 401698105 16783.45 237430 SH SOLE 237430
HCA - HEALTHCARE CO. (THE) COM 404119109 14664.74 395010 SH SOLE 395010
HCR MANOR CARE COM 404134108 1827.65 116500 SH SOLE 116500
HNC SOFTWARE INC. COM 40425P107 556.32 6800 SH SOLE 6800
H POWER CORP. COM 40427A108 382.86 11450 SH SOLE 11450
HAIN CELESTIAL GROUP, INC. COM 405217100 1752.73 49900 SH SOLE 49900
HALLIBURTON CO. COM 406216101 807.96 16510 SH SOLE 16510
HARLEY DAVIDSON INC. COM 412822108 10384.08 216900 SH SOLE 216900
HARMONIC INC. COM 413160102 1603.20 66800 SH SOLE 66800
HARRIS INTERACTIVE INC. COM 414549105 622.35 138300 SH SOLE 138300
HARTFORD FINANCIAL SVCS GRP COM 416515104 7206.27 98800 SH SOLE 98800
HEALTHSOUTH CORP. SB DB CV 3.25%03 421924AF8 6368.80 7600000 PRN SOLE 0
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
HEALTH MANAGEMENT ASSOC CL A 421933102 3579.31 171975 SH SOLE 171975
HEINZ (H.J.) CO. COM 423074103 495.16 13360 SH SOLE 13360
HELMERICH & PAYNE, INC. COM 423452101 874.22 24200 SH SOLE 24200
JACK HENRY & ASSOCIATES, INC. COM 426281101 2090.67 48200 SH SOLE 48200
HEWLETT-PACKARD CO. COM 428236103 21864.77 225410 SH SOLE 225410
HEWLETT-PACKARD CO. SB LYON ZERO 17 428236AC7 9187.50 12500000 PRN SOLE 0
HILTON HOTELS CORP. COM 432848109 7086.38 612850 SH SOLE 612850
HOME DEPOT, INC. COM 437076102 73491.72 1384990 SH SOLE 1384990
HONEYWELL INT'L INC. COM 438516106 12480.22 350322 SH SOLE 350322
HOOPER HOLMES, INC. COM 439104100 659.99 69400 SH SOLE 69400
HOUSEHOLD INTERNATIONAL, INC. COM 441815107 23822.13 420700 SH SOLE 420700
HUMANA INC. COM 444859102 2904.65 270200 SH SOLE 270200
HUMAN GENOME SCIENCES, INC. COM 444903108 10439.43 60300 SH SOLE 60300
HUTCHINSON TECHNOLOGY, INC. COM 448407106 1447.02 68700 SH SOLE 68700
ICN PHARMACEUTICALS, INC. COM 448924100 3760.57 113100 SH SOLE 113100
HYPERION SOLUTIONS CORP. COM 44914M104 1176.14 45455 SH SOLE 45455
ICG COMMUNICATIONS, INC. COM 449246107 41.61 95000 SH SOLE 95000
IDEC PHARMACEUTICALS CORP. COM 449370105 3463.34 19750 SH SOLE 19750
IMS HEALTH INC. COM 449934108 1452.50 70000 SH SOLE 70000
ITXC CORP. COM 45069F109 1872.00 128000 SH SOLE 128000
ILLINOIS TOOL WORKS INC. COM 452308109 9556.86 171040 SH SOLE 171040
IMMUNEX CORP. COM 452528102 10579.20 243200 SH SOLE 243200
IMPATH INC. COM 45255G101 5454.00 86400 SH SOLE 86400
INCYTE PHARMACEUTICALS, INC. COM 45337C102 732.02 17800 SH SOLE 17800
INFINITY BROADCASTING CORP. CL A 45662S102 5913.93 179210 SH SOLE 179210
INET TECHNOLOGIES, INC. COM 45662V105 304.20 10400 SH SOLE 10400
INFOCUS CORP. COM 45665B106 4324.80 81600 SH SOLE 81600
INFORMIX CORP. COM 456779107 1567.50 380000 SH SOLE 380000
INHALE THERAPEUTIC SYSTEMS COM 457191104 856.90 15200 SH SOLE 15200
INKTOMI CORP. COM 457277101 9302.40 81600 SH SOLE 81600
INSIGHT ENTERPRISES, INC. COM 45765U103 1529.73 56137 SH SOLE 56137
INSITUFORM TECHNOLOGIES CL A 457667103 1546.75 46000 SH SOLE 46000
INTEGRATED DEVICE TECH INC. COM 458118106 10579.45 116900 SH SOLE 116900
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 -37.10 2650000 PRN SOLE 0
INTEL CORP. COM 458140100 93320.57 2245280 SH SOLE 2245280
INTERCEPT GROUP, INC. COM 45845L107 1289.20 55300 SH SOLE 55300
INTERNATIONAL BUS. MACHINES COM 459200101 60685.87 539430 SH SOLE 539430
INTERNATIONAL PAPER CO. COM 460146103 445.81 15540 SH SOLE 15540
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INTERNET PICTURES CORP. COM 46059S101 115.01 21150 SH SOLE 21150
INTERPUBLIC GROUP COS COM 460690100 10167.46 298490 SH SOLE 298490
INTERPUBLIC GROUP COS SB NT CV 144A 06 460690AG5 2895.75 3250000 PRN SOLE 0
INTERPUBLIC GROUP COS SUB NT CV 1.87%0 460690AJ9 1336.50 1500000 PRN SOLE 0
INTERSTATE BAKERIES CORP. COM 46072H108 2262.48 154700 SH SOLE 154700
INTRANET SOLUTIONS, INC. COM NEW 460939309 2700.00 54000 SH SOLE 54000
INTERWORLD CORP. COM 46114Q108 265.76 69700 SH SOLE 69700
INTERWOVEN, INC. COM 46114T102 4251.16 37600 SH SOLE 37600
INTIMATE BRANDS, INC. CL A 461156101 1539.89 82400 SH SOLE 82400
INTUIT INC. COM 461202103 25952.10 455300 SH SOLE 455300
INVESTMENT TECHNOLOGY GROUP COM 46145F105 1701.35 42600 SH SOLE 42600
INVITROGEN CORP. COM 46185R100 547.66 7700 SH SOLE 7700
INVESTORS FINANCIAL SERVICES COM 461915100 1237.25 19600 SH SOLE 19600
IRON MOUNTAIN INC. COM 462846106 3248.60 87800 SH SOLE 87800
I-2 TECHNOLOGIES, INC. COM 465754109 23309.92 124610 SH SOLE 124610
IVAX CORP. COM 465823102 2221.80 48300 SH SOLE 48300
JDS UNIPHASE CORP. COM 46612J101 47396.07 500550 SH SOLE 500550
JABIL CIRCUIT, INC. COM 466313103 11599.70 204400 SH SOLE 204400
JAKKS PACIFIC, INC. COM 47012E106 262.42 27900 SH SOLE 27900
JOHNSON & JOHNSON COM 478160104 58568.46 623480 SH SOLE 623480
JONES APPAREL GROUP INC. COM 480074103 1918.07 72380 SH SOLE 72380
KLA INSTRUMENTS CORP. COM 482480100 13919.07 337940 SH SOLE 337940
KAUFMAN & BROAD HOME CORP. COM 486168107 6734.50 250000 SH SOLE 250000
KEEBLER FOODS CO. COM 487256109 768.60 18300 SH SOLE 18300
KEMET CORP. COM 488360108 1165.77 42200 SH SOLE 42200
KENT ELECTRONICS CORP. COM 490553104 498.98 20900 SH SOLE 20900
KERR MCGEE CORP. COM 492386107 11083.62 167300 SH SOLE 167300
KERR MCGEE CORP. SB DB CV 5.25%10 492386AP2 6240.00 5000000 PRN SOLE 0
KIMBERLY CLARK CORP. COM 494368103 13012.80 233150 SH SOLE 233150
KINDER MORGAN, INC. COM 49455P101 5035.37 123000 SH SOLE 123000
KING PHARMACEUTICALS,T INC. COM 495582108 6418.52 191953 SH SOLE 191953
KNIGHT TRADING GROUP, INC. COM 499063105 2055.60 57100 SH SOLE 57100
KOHLS CORP. COM 500255104 19154.72 332040 SH SOLE 332040
KONINKLIJKE PHILIPS ELECTRONIC SP ADR NEW2000 500472303 12243.82 288090 SH SOLE 288090
KOPIN CORP. COM 500600101 1123.20 62400 SH SOLE 62400
KORN/FERRY INTERNATIONAL COM NEW 500643200 699.54 18500 SH SOLE 18500
KROGER CO. COM 501044101 16920.67 749930 SH SOLE 749930
LSI LOGIC CORP. COM 502161102 8151.39 278680 SH SOLE 278680
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LTX CORP. COM 502392103 384.44 20300 SH SOLE 20300
L-3 COMMUNICATIONS HOLDINGS COM 502424104 2700.70 47800 SH SOLE 47800
LAM RESEARCH CORP. COM 512807108 7728.21 369100 SH SOLE 369100
LAMAR ADVERTISING CO. CL A 512815101 704.47 18600 SH SOLE 18600
LATTICE SEMICONDUCTOR CORP. COM 518415104 3122.87 58100 SH SOLE 58100
LAUDER (ESTEE) COS. CL A 518439104 1032.82 28200 SH SOLE 28200
LEAR CORP. COM 521865105 3070.05 149300 SH SOLE 149300
LEARNING TREE INT'L, INC. COM 522015106 1585.91 33300 SH SOLE 33300
LEGG MASON, INC. COM 524901105 2883.00 49600 SH SOLE 49600
LEHMAN BROTHERS HOLDING INC. COM 524908100 22679.62 153500 SH SOLE 153500
LENNAR CORP. COM 526057104 2490.82 83900 SH SOLE 83900
LEXMARK INTERNATIONAL INC. CL A 529771107 5695.50 151880 SH SOLE 151880
LIBERATE TECHNOLOGIES, INC. COM 530129105 8458.57 292300 SH SOLE 292300
LIFEPOINT HOSPITALS, INC. COM 53219L109 4512.05 127100 SH SOLE 127100
LILLY (ELI) & CO. COM 532457108 31928.36 393570 SH SOLE 393570
LIMITED, INC. COM 532716107 9416.48 426800 SH SOLE 426800
LINCOLN NATIONAL CORP. COM 534187109 9750.12 202600 SH SOLE 202600
LINEAR TECHNOLOGY CORP. COM 535678106 12446.24 192220 SH SOLE 192220
LINENS 'N THINGS, INC. COM 535679104 550.80 21600 SH SOLE 21600
LIZ CLAIBORNE INC. COM 539320101 1874.95 48700 SH SOLE 48700
LOUIS DREYFUS NATURAL GAS CORP COM 546011107 863.82 21800 SH SOLE 21800
LOWE'S COS. COM 548661107 17230.20 383960 SH SOLE 383960
LUCENT TECHNOLOGIES, INC. COM 549463107 25485.38 833864 SH SOLE 833864
MBNA CORP. COM 55262L100 31257.38 811880 SH SOLE 811880
MKS INSTRUMENTS, INC COM 55306N104 213.52 7800 SH SOLE 7800
MMC NETWORKS, INC. COM 55308N102 4579.30 36200 SH SOLE 36200
MACROVISION CORP. COM 555904101 3944.70 48700 SH SOLE 48700
MAGELLAN HEALTH SERVICES, INC. COM 559079108 310.00 80000 SH SOLE 80000
MAGNA INT'L INC. SUB DEB CV 5%02 559222AE4 4316.40 4400000 PRN SOLE 0
MANPOWER, INC. COM 56418H100 1175.31 36800 SH SOLE 36800
MANUGISTICS GROUP, INC. COM 565011103 1589.62 16200 SH SOLE 16200
MARCHFIRST, INC. COM 566244109 244.73 15600 SH SOLE 15600
MARINE DRILLING COMPANIES, INC COM PAR $0.01 568240204 10855.36 380050 SH SOLE 380050
MARSH & MCLENNAN COS. INC COM 571748102 26747.79 201490 SH SOLE 201490
MARSHALL & ILSLEY CORP. COM 571834100 2220.53 44300 SH SOLE 44300
MARRIOTT INT'L, INC. CL A 571903202 1452.05 39850 SH SOLE 39850
MARTIN MARIETTA MATERIALS COM 573284106 1389.56 36300 SH SOLE 36300
MASTEC, INC. COM 576323109 3334.37 106700 SH SOLE 106700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MATTEL INC. COM 577081102 3526.01 315160 SH SOLE 315160
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 31607.30 392940 SH SOLE 392940
MAY DEPARTMENT STORES CO. COM 577778103 278.80 13600 SH SOLE 13600
MAXIMUS, INC. COM 577933104 506.66 22900 SH SOLE 22900
MCDONALDS CORP. COM 580135101 12773.14 423120 SH SOLE 423120
MCKESSON HBOC, INC. COM 58155Q103 6525.20 213500 SH SOLE 213500
MCLEODUSA INC. COM 582266102 1246.26 87072 SH SOLE 87072
MEAD CORP. COM 582834107 3491.05 149350 SH SOLE 149350
MEADE INSTRUMENTS CORP. COM 583062104 488.54 24200 SH SOLE 24200
MEDAREX, INC. COM 583916101 8657.69 73800 SH SOLE 73800
MEDICINES COMPANY (THE) COM 584688105 2969.22 86850 SH SOLE 86850
MEDICIS PHARMACEUTICAL CORP. CL A NEW 584690309 3007.35 48900 SH SOLE 48900
MEDIMMUNE, INC. COM 584699102 25295.51 327450 SH SOLE 327450
MEDTRONIC INC. COM 585055106 38778.92 748440 SH SOLE 748440
MELLON FINANCIAL CORP. COM 58551A108 908.48 19590 SH SOLE 19590
MEN'S (THE) WEARHOUSE, INC. COM 587118100 3278.64 115800 SH SOLE 115800
MERCK AND CO. INC. COM 589331107 38061.63 511320 SH SOLE 511320
MERCURY INTERACTIVE CORP. COM 589405109 19092.15 121800 SH SOLE 121800
MERRILL LYNCH & CO., INC. COM 590188108 18638.40 282400 SH SOLE 282400
META GROUP, INC. COM 591002100 607.61 49100 SH SOLE 49100
METHODE ELECTRONICS, INC. CL A 591520200 2432.78 54900 SH SOLE 54900
METLIFE COM 59156R108 9129.13 348600 SH SOLE 348600
METRIS COMPANIES INC. COM 591598107 3768.30 95400 SH SOLE 95400
METTLER-TOLEDO INT'L INC. COM 592688105 2878.92 65430 SH SOLE 65430
MICREL, INC. COM 594793101 4100.40 61200 SH SOLE 61200
MICROSOFT CORP. COM 594918104 99848.77 1655510 SH SOLE 1655510
MICROCHIP TECHNOLOGY INC. COM 595017104 15680.19 474252 SH SOLE 474252
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 5181.64 178290 SH SOLE 178290
MICROMUSE INC. COM 595094103 4943.07 24600 SH SOLE 24600
MICRON TECHNOLOGY INC. COM 595112103 7604.26 165310 SH SOLE 165310
MILLENNIUM PHARMACEUTICALS INC COM 599902103 1489.84 10200 SH SOLE 10200
HERMAN MILLER, INC. COM 600544100 2622.75 81800 SH SOLE 81800
MILLIPORE CORP. COM 601073109 1898.76 39200 SH SOLE 39200
MINIMED INC. COM 60365K108 2913.62 32600 SH SOLE 32600
3M CORP. COM 604059105 8690.59 95370 SH SOLE 95370
MIPS TECHNOLOGIES, INC. CLA 604567107 1646.80 35800 SH SOLE 35800
MOLECULAR DEVICES CORP. COM 60851C107 2760.82 28100 SH SOLE 28100
MONSANTO CO. ADJ CONVR RATE 611662305 6023.12 115000 SH SOLE 115000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MONTANA POWER CO. COM 612085100 1401.75 42000 SH SOLE 42000
MORGAN J.P. & CO. INC. COM 616880100 1070.10 6550 SH SOLE 6550
MORGAN STANLEY DEAN WITTER COM NEW 617446448 33038.37 361320 SH SOLE 361320
MOTIENT CORP. COM 619908114 300.93 7500 SH SOLE 7500
MOTOROLA, INC. COM 620076109 24592.21 870521 SH SOLE 870521
MURPHY OIL CORP. COM 626717102 1218.48 18800 SH SOLE 18800
MYLAN LABORATORIES INC. COM 628530107 801.40 29750 SH SOLE 29750
NPS PHARMACEUTICALS, INC. COM 62936P103 3269.34 57800 SH SOLE 57800
NABORS INDUSTRIES INC COM 629568106 15038.80 287000 SH SOLE 287000
NATIONAL CITY CORP. COM 635405103 540.95 24450 SH SOLE 24450
NATIONAL INSTRUMENTS CORP. COM 636518102 3053.45 69200 SH SOLE 69200
NATIONAL-OILWELL, INC. COM 637071101 1218.75 39000 SH SOLE 39000
NATIONAL SEMICONDUCTOR CORP. COM 637640103 11704.70 290800 SH SOLE 290800
NATURAL MICROSYSTEMS CORP COM 638882100 1667.70 31000 SH SOLE 31000
NETWORK ASSOCIATES, INC. COM 640938106 6160.78 272300 SH SOLE 272300
NETIQ CORP. COM 64115P102 3231.84 49200 SH SOLE 49200
NETWORK APPLIANCE, INC. COM 64120L104 23228.10 182360 SH SOLE 182360
NETWORK ENGINES, INC. COM 64121A107 5890.97 143900 SH SOLE 143900
NEWFIELD EXPLORATION COMPANY COM 651290108 4365.32 93500 SH SOLE 93500
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 22513.39 481570 SH SOLE 481570
NIKE, INC. CL B 654106103 428.27 10690 SH SOLE 10690
NOBLE AFFILIATES INC. COM 654894104 1496.13 40300 SH SOLE 40300
NOKIA OYJ SPONSORED ADR 654902204 30795.35 773500 SH SOLE 773500
NOBLE DRILLING CORP. COM 655042109 1673.32 33300 SH SOLE 33300
NORTEL NETWORKS CORP COM 656568102 46302.48 777370 SH SOLE 777370
NORTH FORK BANCORPORATION, INC COM 659424105 1100.71 50900 SH SOLE 50900
NORTHERN TRUST CORP. COM 665859104 3277.71 36880 SH SOLE 36880
NORTHWEST AIRLINES CORP. CL A 667280101 5900.03 240200 SH SOLE 240200
NOVELLUS SYSTEMS INC. COM 670008101 1190.61 25570 SH SOLE 25570
NOVOSTE CORP. COM 67010C100 1742.50 41000 SH SOLE 41000
OCEAN ENERGY INC. COM 67481E106 1208.79 78300 SH SOLE 78300
OCEANEERING INT'L INC. COM 675232102 1674.13 100700 SH SOLE 100700
OFFICE DEPOT, INC. COM 676220106 5992.57 767000 SH SOLE 767000
OMNICOM GROUP INC. COM 681919106 16023.74 219690 SH SOLE 219690
ON ASSIGNMENT, INC. COM 682159108 881.63 28100 SH SOLE 28100
ONYX PHARMACEUTICALS, INC. COM 683399109 877.88 35650 SH SOLE 35650
OPTIMAL ROBOTICS CORP. CL A NEW 68388R208 784.87 19500 SH SOLE 19500
ORACLE CORP. COM 68389X105 75126.71 953990 SH SOLE 953990
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
OUTBACK STEAKHOUSE, INC. COM 689899102 5753.21 212100 SH SOLE 212100
OXFORD HEALTH PLANS, INC. COM 691471106 15302.45 497900 SH SOLE 497900
CELERA GENOMICS COM PE BIO GRP 69332S102 22429.74 192530 SH SOLE 192530
PF CHANG'S CHINA BISTRO, INC. COM 69333Y108 2526.55 73100 SH SOLE 73100
PMC-SIERRA, INC. COM 69344F106 34935.07 162300 SH SOLE 162300
PMI GROUP INC. (THE) COM 69344M101 5467.42 80700 SH SOLE 80700
PNC FINANCIAL CORP. COM 693475105 762.45 11730 SH SOLE 11730
PRI AUTOMATION, INC. COM 69357H106 784.75 43000 SH SOLE 43000
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 711.09 37925 SH SOLE 37925
PAIN THERAPEUTICS INC. COM 69562K100 614.20 31000 SH SOLE 31000
PALM, INC. COM 696642107 16802.25 317395 SH SOLE 317395
PARAMETRIC TECHNOLOGY CO. COM 699173100 3985.80 364400 SH SOLE 364400
PATTERSON ENERGY, INC. COM 703414102 690.93 20100 SH SOLE 20100
PAYCHEX INC. COM 704326107 2507.13 47755 SH SOLE 47755
PEGASUS COMMUNICATIONS CORP. CL A 705904100 1434.89 29700 SH SOLE 29700
PEMSTAR INC. COM 706552106 348.47 17700 SH SOLE 17700
PEOPLESOFT INC. COM 712713106 9655.37 345600 SH SOLE 345600
PEPSICO, INC. COM 713448108 22079.08 479980 SH SOLE 479980
PEREGRINE SYSTEMS, INC. COM 71366Q101 551.09 29100 SH SOLE 29100
PERICOM SEMICONDUCTOR CORP. COM 713831105 2308.80 62400 SH SOLE 62400
PERKINELMER, INC. CONV ZERO 20 714046AA7 3580.35 5204000 PRN SOLE 0
PETSMART INC. COM 716768106 2784.43 593950 SH SOLE 593950
PFIZER INC. COM 717081103 130807.3 2910840 SH SOLE 2910840
PHARMACEUTICAL PRODUCT DEV COM 717124101 2186.13 82300 SH SOLE 82300
PHARMACOPEIA, INC. COM 71713B104 331.50 13000 SH SOLE 13000
PHARMACIA CORP. COM 71713U102 46113.09 766151 SH SOLE 766151
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 480.00 2000000 PRN SOLE 0
PHONE.COM, INC. COM 71920Q100 11527.25 101450 SH SOLE 101450
PHOTON DYNAMICS, INC. COM 719364101 1513.77 40100 SH SOLE 40100
PHOTRONICS, INC. COM 719405102 1149.54 52700 SH SOLE 52700
PINNACLE HOLDINGS INC. COM 72346N101 985.12 37000 SH SOLE 37000
PITNEY BOWES, INC. COM 724479100 402.26 10200 SH SOLE 10200
POLYCOM INC. COM 73172K104 15905.13 237500 SH SOLE 237500
POLYMEDICA CORP. COM 731738100 707.43 16500 SH SOLE 16500
PORTAL SOFTWARE, INC. COM 736126103 1064.00 26600 SH SOLE 26600
POWER-ONE, INC. COM 739308104 2559.82 42300 SH SOLE 42300
POWERWAVE TECHNOLOGIES, INC. COM 739363109 1344.10 35400 SH SOLE 35400
PRAXAIR INC. COM 74005P104 11963.73 320100 SH SOLE 320100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PRE-PAID LEGAL SERVICES, INC. COM 740065107 1657.65 51300 SH SOLE 51300
PRECISION DRILLING CORP. COM 74022D100 4460.25 125200 SH SOLE 125200
PRICE COMMUNICATIONS CORP. COM NEW 741437305 2200.83 112500 SH SOLE 112500
PRIMUS TELECOMM GROUP, INC. COM 741929103 1573.20 165600 SH SOLE 165600
PRIORITY HEALTHCARE CORP. CL B 74264T102 3987.87 52300 SH SOLE 52300
PROCTER & GAMBLE CO. COM 742718109 26172.21 390630 SH SOLE 390630
PROLOGIS TRUST PFD CV SBI B 743410300 3536.25 115000 SH SOLE 115000
PROTECTIVE LIFE CORP. COM 743674103 4131.71 138300 SH SOLE 138300
PROTEIN DESIGN LABS, INC. COM 74369L103 2169.00 18000 SH SOLE 18000
PROVINCE HEALTHCARE CO. COM 743977100 1527.62 38250 SH SOLE 38250
PROVIDIAN FINANCIAL CORP. COM 74406A102 34991.04 275520 SH SOLE 275520
PROXIM, INC. COM 744284100 1935.75 43500 SH SOLE 43500
PSINET INC. PFD C CV 6 3/4 74437C309 873.00 36000 SH SOLE 36000
QLT PHOTOTHERAPEUTICS, INC. COM 746927102 907.20 12800 SH SOLE 12800
QLOGIC CORP. COM 747277101 14960.00 170000 SH SOLE 170000
QUALCOMM, INC. COM 747525103 25061.47 351740 SH SOLE 351740
QUANTA SERVICES, INC. COM 74762E102 1006.50 36600 SH SOLE 36600
QUEST DIAGNOSTICS INC. COM 74834L100 1273.72 11100 SH SOLE 11100
QWEST CAPITAL FUNDING COM 749121109 22091.58 459638 SH SOLE 459638
RSA SECURITY INC. COM 749719100 4403.06 102100 SH SOLE 102100
RF MICRO DEVICES, INC. COM 749941100 633.77 20200 SH SOLE 20200
RADIAN GROUP INC. COM 750236101 2517.75 37300 SH SOLE 37300
RADIO ONE, INC. CL A 75040P108 320.05 38500 SH SOLE 38500
RADIOSHACK CORP. COM 750438103 10501.56 162500 SH SOLE 162500
RADISYS CORP. COM 750459109 1997.23 39500 SH SOLE 39500
RATIONAL SOFTWARE CORP. COM NEW 75409P202 47279.06 681500 SH SOLE 681500
READERS DIGEST ASSOCIATION INC CL A NON VTG 755267101 448.47 12700 SH SOLE 12700
REDBACK NETWORKS INC. COM 757209101 8836.25 53900 SH SOLE 53900
REMEC, INC. COM 759543101 1881.08 63900 SH SOLE 63900
REPUBLIC SERVICES, INC. CL A 760759100 6405.00 488000 SH SOLE 488000
RESEARCH IN MOTION LIMITED COM 760975102 1468.58 14900 SH SOLE 14900
RESMED INC. COM 761152107 2325.00 74400 SH SOLE 74400
ROBERT HALF INT'L INC. COM 770323103 1158.57 33400 SH SOLE 33400
ROSLYN BANCORP, INC. COM 778162107 1890.68 84500 SH SOLE 84500
ROWAN COMPANIES, INC. COM 779382100 8433.20 290800 SH SOLE 290800
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 18895.45 315250 SH SOLE 315250
RUDOLPH TECHNOLOGIES, INC. COM 781270103 491.53 14700 SH SOLE 14700
RURAL CELLULAR CORP. CL A 781904107 1696.31 24900 SH SOLE 24900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SBC COMMUNICATIONS INC. COM 78387G103 40533.50 810670 SH SOLE 810670
SBA COMMUNICATIONS CORP. COM 78388J106 608.10 14500 SH SOLE 14500
SCI SYSTEMS, INC. COM 783890106 1959.80 47800 SH SOLE 47800
SCI SYSTEMS, INC. SUB NT CONV 3%07 783890AF3 5005.00 5000000 PRN SOLE 0
SDL, INC. COM 784076101 1909.60 6200 SH SOLE 6200
S&P DEPOSITARY RECEIPTS UNIT SER 1 78462F103 53931.18 375500 SH SOLE 375500
SPX CORP. COM 784635104 15655.76 110300 SH SOLE 110300
SAFEWAY INC. COM NEW 786514208 21769.21 466270 SH SOLE 466270
SALTON, INC. COM 795757103 374.83 11600 SH SOLE 11600
SANDISK CORP. COM 80004C101 1381.72 20700 SH SOLE 20700
SANMINA CORP. COM 800907107 28335.60 302650 SH SOLE 302650
SARA LEE CORP. COM 803111103 710.14 34960 SH SOLE 34960
SAWTEK INC. COM 805468105 1039.93 27000 SH SOLE 27000
SCHERING PLOUGH CORP. COM 806605101 27393.61 589110 SH SOLE 589110
SCHLUMBERGER LTD. COM 806857108 27965.01 339740 SH SOLE 339740
SCHOLASTIC CORP. COM 807066105 2378.93 29900 SH SOLE 29900
SCHWAB (CHARLES) CORP. COM 808513105 15725.25 442965 SH SOLE 442965
SCIENTIFIC-ATLANTA INC. COM 808655104 16249.82 255400 SH SOLE 255400
SEARS, ROEBUCK AND CO. COM 812387108 8596.81 265170 SH SOLE 265170
SEMTECH CORP. COM 816850101 1906.12 44200 SH SOLE 44200
SEPRACOR, INC. COM 817315104 11446.79 93300 SH SOLE 93300
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 2151.16 41669 SH SOLE 41669
SIEBEL SYSTEMS, INC. COM 826170102 35243.92 316620 SH SOLE 316620
SILICON STORAGE TECHNOLOGY INC COM 827057100 1097.03 40350 SH SOLE 40350
SILICON VALLEY BANCSHARES COM 827064106 2789.40 47900 SH SOLE 47900
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1413.36 45500 SH SOLE 45500
SIRIUS SATELLITE RADIO INC. COM 82966U103 3769.98 71300 SH SOLE 71300
SIPEX CORP. COM 829909100 929.59 22100 SH SOLE 22100
SKYWEST, INC. COM 830879102 609.87 11900 SH SOLE 11900
SMARTFORCE PUBLIC LIMITED CO. SPONSORED ADR 83170A206 1781.30 37600 SH SOLE 37600
SMITH INT'L, INC. COM 832110100 16707.36 204840 SH SOLE 204840
SOLECTRON CORP. COM 834182107 19561.15 424090 SH SOLE 424090
SOLECTRON CORP. SR LYON ZERO 20 834182AK3 6730.00 10000000 PRN SOLE 0
SOUTHDOWN, INC. COM 841297104 3213.37 45100 SH SOLE 45100
SOUTHERN CO. COM 842587107 871.60 26870 SH SOLE 26870
SOUTHTRUST CORP. COM 844730101 1952.29 62100 SH SOLE 62100
SOUTHWEST AIRLINES CO. COM 844741108 11871.46 489545 SH SOLE 489545
SPRINT CORP. COM 852061100 9227.43 314790 SH SOLE 314790
<PAGE>
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 COM SER 1 852061506 8634.61 246260 SH SOLE 246260
STANFORD MICRODEVICES, INC. COM 854399102 1770.85 33100 SH SOLE 33100
STARBUCKS CORP. COM 855244109 512.80 12800 SH SOLE 12800
STARWOOD HOTELS & RESORTS WRLDWD PAIRED CT 85590A203 8712.50 278800 SH SOLE 278800
STATE STREET CORP. COM 857477103 16617.90 127830 SH SOLE 127830
STILLWATER MINING CO. COM 86074Q102 373.56 13800 SH SOLE 13800
STILWELL FINANCIAL, INC. COM 860831106 14594.25 335500 SH SOLE 335500
STRATOS LIGHTWAVE, INC. COM 863100103 4131.22 128100 SH SOLE 128100
STRYKER CORP. COM 863667101 618.30 14400 SH SOLE 14400
SUIZA FOODS CORP. COM 865077101 1637.22 32300 SH SOLE 32300
SUN MICROSYSTEMS INC. COM 866810104 94600.19 810280 SH SOLE 810280
SUNGARD DATA SYSTEMS INC. COM 867363103 4000.01 93430 SH SOLE 93430
SUNTRUST BANKS INC. COM 867914103 596.75 11980 SH SOLE 11980
SYBRON CORP. COM 87114F106 1106.40 46100 SH SOLE 46100
SYCAMORE NETWORKS, INC. COM 871206108 8672.40 80300 SH SOLE 80300
SYMANTEC CORP. COM 871503108 3630.00 82500 SH SOLE 82500
SYMBOL TECHNOLOGIES, INC. COM 871508107 1349.54 37552 SH SOLE 37552
SYSCO CORP. COM 871829107 588.17 12700 SH SOLE 12700
TCF FINANCIAL CORP. COM 872275102 8557.05 227430 SH SOLE 227430
TMP WORLDWIDE INC. COM 872941109 2093.00 26000 SH SOLE 26000
TVIA, INC. COM 87307P101 719.31 40100 SH SOLE 40100
TALARIAN CORPORATION COM 874090103 947.88 49400 SH SOLE 49400
TARGET CORP. COM 87612E106 15711.71 613140 SH SOLE 613140
TECHNE CORP. COM 878377100 2172.80 19400 SH SOLE 19400
TEKELEC COM 879101103 959.95 29200 SH SOLE 29200
TEKTRONIX, INC. COM 879131100 16476.38 214500 SH SOLE 214500
TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 6223.18 78650 SH SOLE 78650
TELEDYNE TECHNOLOGIES INC. COM 879360105 2140.68 73500 SH SOLE 73500
TELEPHONE AND DATA SYSTEMS COM 879433100 2922.48 26400 SH SOLE 26400
TELLABS, INC. COM 879664100 9887.11 207060 SH SOLE 207060
TELETECH HOLDINGS, INC. COM 879939106 749.92 30300 SH SOLE 30300
TENET HEALTHCARE CORP. COM 88033G100 24445.45 672040 SH SOLE 672040
TERADYNE INC. COM 880770102 870.45 24870 SH SOLE 24870
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 23559.21 321900 SH SOLE 321900
TETRA TECH, INC. COM 88162G103 2084.89 72993 SH SOLE 72993
TEXACO INC. COM 881694103 9497.25 180900 SH SOLE 180900
TEXAS INSTRUMENTS INC. COM 882508104 41115.14 871305 SH SOLE 871305
THERMA-WAVE, INC. COM 88343A108 3386.75 117800 SH SOLE 117800
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
THREE-FIVE SYSTEMS, INC. COM 88554L108 842.40 28800 SH SOLE 28800
TIDEWATER INC. COM 886423102 10346.70 227400 SH SOLE 227400
TIFFANY & CO. COM 886547108 2761.11 71600 SH SOLE 71600
TIME WARNER INC. COM 887315109 45372.48 579840 SH SOLE 579840
TITAN PHARMACEUTICALS, INC. COM 888314101 4358.25 67050 SH SOLE 67050
TOLLGRADE COMMUNICATIONS INC. COM 889542106 4969.50 35800 SH SOLE 35800
TOSCO CORP. COM NEW 891490302 2013.18 64550 SH SOLE 64550
TOWER AUTOMOTIVE, INC. COM 891707101 3991.87 425800 SH SOLE 425800
TRANSGENOMIC, INC. COM 89365K206 901.84 39750 SH SOLE 39750
TRANSMONTAIGNE INC. COM 893934109 140.21 28396 SH SOLE 28396
TRANSWITCH CORP. COM 894065101 2868.75 45000 SH SOLE 45000
TREEV, INC. PFD CONV SER A 894692201 3413.60 200800 SH SOLE 200800
TRIGON HEALTHCARE, INC. COM 89618L100 6253.42 118970 SH SOLE 118970
TRIQUINT SEMICONDUCTOR, INC. COM 89674K103 1712.58 47000 SH SOLE 47000
TRIUMPH GROUP, INC. COM 896818101 1495.98 41700 SH SOLE 41700
TWEETER HOME ENTERTAINMENT GRP COM 901167106 1488.83 41000 SH SOLE 41000
TYCO INTERNATIONAL LTD. COM 902124106 80527.32 1552334 SH SOLE 1552334
US BANCORP COM 902973106 14449.89 635160 SH SOLE 635160
USA NETWORKS, INC. COM 902984103 8810.30 401600 SH SOLE 401600
UTI ENERGY CORP. COM 903387108 2722.12 61000 SH SOLE 61000
ULTIMATE ELECTRONICS INC. COM 903849107 801.93 19500 SH SOLE 19500
USA EDUCATIONAL INC COM 90390U102 5131.87 106497 SH SOLE 106497
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 814.53 32100 SH SOLE 32100
UNILEVER N.V. ADR NY SHS NEW 904784709 1049.63 21754 SH SOLE 21754
UNICOM CORP. COM 904911104 2210.99 39350 SH SOLE 39350
UNIONBANCAL CORP. COM 908906100 3573.88 153300 SH SOLE 153300
U.S. CELLULAR CORP. LYON ZERO 15 911684AA6 4795.00 7000000 PRN SOLE 0
UNITED TECHNOLOGIES CORP. COM 913017109 30035.80 433730 SH SOLE 433730
UNITEDGLOBALCOM INC. CV PFD 1/20 913247102 2512.50 60000 SH SOLE 60000
UNITEDGLOBALCOM INC. CLA 913247508 1500.00 50000 SH SOLE 50000
UNITEDHEALTH GROUP INC. COM 91324P102 22307.62 225900 SH SOLE 225900
UNIVERSAL HEALTH SERVICES INC. CL B 913903100 6028.00 70400 SH SOLE 70400
UNIVISION COMMUNICATIONS INC. CL A 914906102 1203.47 32200 SH SOLE 32200
UNOCAL CORP. COM 915289102 12293.44 346900 SH SOLE 346900
VA LINUX SYSTEMS, INC. COM 91819B105 6683.12 144500 SH SOLE 144500
VYYO INC. COM 918458100 2718.00 90600 SH SOLE 90600
VALERO ENERGY CORP. COM 91913Y100 2586.31 73500 SH SOLE 73500
VALICERT INC. COM 91915Q105 801.50 45800 SH SOLE 45800
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
VARIAN INC. COM 922206107 805.27 18700 SH SOLE 18700
VARIAN SEMICONDUCTOR EQUIPMENT COM 922207105 692.60 18500 SH SOLE 18500
VARIAN MEDICAL SYSTEMS, INC. COM 92220P105 2178.06 48200 SH SOLE 48200
VEECO INSTRUMENTS INC. COM 922417100 1583.36 14900 SH SOLE 14900
VERITAS SOFTWARE CORP. COM 923436109 40910.20 288100 SH SOLE 288100
VERITY COM 92343C106 2266.18 63500 SH SOLE 63500
VERISIGN, INC. COM 92343E102 15992.34 78950 SH SOLE 78950
VERITAS DGC INC. COM 92343P107 1047.55 36200 SH SOLE 36200
VERIZON COMMUNICATIONS COM 92343V104 24715.92 510259 SH SOLE 510259
VERSATEL TELECOM INT'L NV SPONSORED ADR 925301103 1296.93 55041 SH SOLE 55041
VERTICALNET, INC. COM 92532L107 562.00 16000 SH SOLE 16000
VIACOM, INC. CL B 925524308 53222.53 909787 SH SOLE 909787
VIATEL, INC. COM 925529208 922.50 90000 SH SOLE 90000
VIAD CORP COM 92552R109 512.66 19300 SH SOLE 19300
VIGNETTE CORP. COM 926734104 5455.17 182600 SH SOLE 182600
VINTAGE PETROLEUM, INC. COM 927460105 2199.92 96700 SH SOLE 96700
VIRATA CORP. COM 927646109 3352.53 50700 SH SOLE 50700
VISHAY INTERTECHNOLOGY, INC. COM 928298108 1420.65 46200 SH SOLE 46200
VITESSE SEMICONDUCTOR CORP. COM 928497106 16435.74 184800 SH SOLE 184800
VODAFONE GROUP PLC SPONSORED ADR 92857W100 13819.50 373500 SH SOLE 373500
VOICESTREAM WIRELESS CORP. COM 928615103 13823.10 119100 SH SOLE 119100
VORNADO REALTY TRUST PFD CONV SER A 929042208 1830.95 35000 SH SOLE 35000
WACHOVIA CORP. COM 929771103 422.32 7450 SH SOLE 7450
WADDELL & REED FINANCIAL, INC. CL A 930059100 2952.75 95250 SH SOLE 95250
WAL-MART STORES INC. COM 931142103 50718.93 1053900 SH SOLE 1053900
WALGREEN CO. COM 931422109 1415.46 37310 SH SOLE 37310
WASHINGTON MUTUAL, INC. COM 939322103 892.60 22420 SH SOLE 22420
WASTE MANAGEMENT, INC. COM 94106L109 3473.64 199200 SH SOLE 199200
WATERS CORP. COM 941848103 6091.16 68440 SH SOLE 68440
WATSON PHARMACEUTICALS, INC. COM 942683103 8614.10 132780 SH SOLE 132780
WEATHERFORD INTL INC COM 947074100 7591.22 176540 SH SOLE 176540
WEATHERFORD INTL INC SD CV ZRO 144A20 947074AA8 3983.00 7000000 PRN SOLE 0
WEBLINK WIRELESS, INC. CL A 94769A101 922.56 120000 SH SOLE 120000
WEBTRENDS CORP. COM 94844D104 665.27 17800 SH SOLE 17800
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 15369.60 160100 SH SOLE 160100
WELLPOINT HEALTH NETWORKS INC. SB DB CV ZRO 19 94973HAA6 589.50 750000 PRN SOLE 0
WELLS FARGO & CO. COM 949746101 28954.72 630300 SH SOLE 630300
WENDY'S FINANCING I TECONS SER A 950588202 3800.00 80000 SH SOLE 80000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
WESTERN MULTIPLEX CORP. CL A 95874P107 557.38 34700 SH SOLE 34700
WESTERN WIRELESS CORP. CL A 95988E204 2109.35 59210 SH SOLE 59210
WEYERHAEUSER CO. COM 962166104 316.94 7850 SH SOLE 7850
WHOLE FOODS MARKET INC. COM 966837106 4219.87 78600 SH SOLE 78600
WILLIAMS COMPANIES INC. COM 969457100 16309.76 386030 SH SOLE 386030
WIND RIVER SYSTEMS, INC. COM 973149107 1211.48 25272 SH SOLE 25272
WINSTAR COMMUNICATIONS, INC. COM 975515107 2535.80 163600 SH SOLE 163600
WORLDCOM, INC. COM 98157D106 39154.89 1289050 SH SOLE 1289050
XILINX INC. COM 983919101 31278.81 365300 SH SOLE 365300
XEROX CORP. COM 984121103 376.72 25010 SH SOLE 25010
YAHOO! INC. COM 984332106 7666.75 84250 SH SOLE 84250
YOUNG & RUBICAM INC. COM 987425105 495.99 10020 SH SOLE 10020
ZALE CORP. COM 988858106 1753.59 54060 SH SOLE 54060
ZIONS BANCORP. COM 989701107 2286.00 44700 SH SOLE 44700
ZORAN CORP. COM 98975F101 580.12 11900 SH SOLE 11900
ZOLL MEDICAL CORP. COM 989922109 1647.75 33800 SH SOLE 33800
ACE LTD. ORD G0070K103 16504.62 420500 SH SOLE 420500
AMDOCS LTD. ORD G02602103 679.88 10900 SH SOLE 10900
GLOBAL CROSSING LTD. COM G3921A100 890.78 28735 SH SOLE 28735
GLOBAL CROSSING LTD. PFD CV 6.75 G3921A134 3926.30 15800 SH SOLE 15800
SANTA FE INT'L CORP. ORD G7805C108 3118.35 69200 SH SOLE 69200
TRANSOCEAN SEDCO FOREX INC. ORD G90078109 18103.40 308800 SH SOLE 308800
TYCOM, LTD. COM G9144B106 648.53 16900 SH SOLE 16900
CHECK POINT SOFTWARE TECH LTD. ORD M22465104 20837.25 132300 SH SOLE 132300
M-SYSTEMS FLASH DISK PIONEERS ORD M7061C100 542.26 14200 SH SOLE 14200
ORBOTECH, LTD. ORD M75253100 3355.10 61350 SH SOLE 61350
RADVIEW SOFTWARE LTD. ORD M81867109 1121.94 169350 SH SOLE 169350
COMPLETEL EUROPE N.V. ORD N21590109 2458.12 345000 SH SOLE 345000
CORE LABORATORIES N.V. COM N22717107 1056.20 43000 SH SOLE 43000
FLEXTRONICS INT'L LTD. ORD Y2573F102 48522.40 590836 SH SOLE 590836
GRAND TOTAL $6987235
</TABLE>
