UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Check here if Amendment ( ); Amendment Number:
This Amendment (Check only one): ( ) is a restatement.
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Financial Institutions Retirement Fund
Address: 108 Corporate Park Drive, Fl 4
White Plains, New York 10604-3805
13F File Number: 28-1622
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, that all information contained herein ia 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:
Name: Mr. Horace J. Caulkins
Title: Senior Vice-President and Chief Investment Officer
Phone: (914) 694-1300
Signature _________________________
Signed at: White Plains, New York on October 25, 1999.
Report Type: 13F Holding Report
List of Other Managers Reporting for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY
THE SECURITIES & EXCHANGE COMMISSION OF 1934.
Page 1
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 386
Form 13F Information Table Value Total: $ 359,387,000
Page 2
FINANCIAL INSTITUTIONS RETIREMENT FUND 30 September 1999
(13F): CORE EQUITY AND IN HOUSE EQUITY ACCOUNTS
ITEM4 ITEM5 PRIN ITEM6 ITEM8
- -ITEM 1- ITEM2 -ITEM 3- FAIRMKT VASHARES AMT INV ITEM7VOTING
NAME OF ISTICKR CLASS CUSIP ($,000) (,000) ($,000) DISCR MGR AUTH
===============================================================================
3COM CORP|COMS COM 885535104 259 9 465 SOLE - SOLE
A T & T C|T COM 1957109 3,891 89 1,219 SOLE - SOLE
ABBOTT LA|ABT COM 2824100 1,578 43 191 SOLE - SOLE
ADOLPH CO|RKY COM 217016104 541 10 500 SOLE - SOLE
ADVANCED |AMD COM 7903107 258 15 439 SOLE - SOLE
AETNA INC|AET COM 8117103 345 7 420 SOLE - SOLE
AFFINITY |AFFI COM 00826M10 59 75 168 SOLE - SOLE
AIR PRODU|APD COM 9158106 293 10 133 SOLE - SOLE
ALARIS ME|AMI COM 11637105 150 50 266 SOLE - SOLE
ALBERTO-C|ACV A COM 13068200 219 11 154 SOLE - SOLE
ALBERTSON|ABS COM 13104104 356 9 48 SOLE - SOLE
ALCAN ALU|AL COM 13716105 344 11 104 SOLE - SOLE
ALCOA INC|AA COM 13817101 745 12 175 SOLE - SOLE
ALLIED SI|ALD COM 19512102 1,019 17 125 SOLE - SOLE
ALLSTATE |ALL COM 20002101 648 26 223 SOLE - SOLE
AMERADA H|AHC COM 23551104 429 7 458 SOLE - SOLE
AMERICA O|AOL COM 02364J10 2,706 26 2,416 SOLE - SOLE
AMERICA S|ASGR COM 02364L10 277 21 225 SOLE - SOLE
AMERICAN |AEP COM 25537101 307 9 249 SOLE - SOLE
AMERICAN |AXP COM 25816109 1,755 13 257 SOLE - SOLE
AMERICAN |AGC COM 26351106 506 8 138 SOLE - SOLE
AMERICAN |AM COM 26375105 232 9 241 SOLE - SOLE
AMERICAN |AHP COM 26609107 1,619 39 208 SOLE - SOLE
AMERICAN |AIG COM 26874107 3,423 39 349 SOLE - SOLE
AMERITECH|AIT COM 30954101 2,203 33 191 SOLE - SOLE
AMERITRAD|AMTD COM 03072H1 74 4 91 SOLE - SOLE
AMGEN INC|AMGN COM 31162100 1,141 14 199 SOLE - SOLE
AMR CORP |AMR COM 1765106 327 6 186 SOLE - SOLE
ANADARKO |APC COM 32511107 306 10 383 SOLE - SOLE
ANHEUSER-|BUD COM 35229103 1,051 15 40 SOLE - SOLE
APPLE COM|AAPL COM 37833100 570 9 277 SOLE - SOLE
APPLIED M|AMAT COM 38222105 932 12 380 SOLE - SOLE
APRIA HEA|AHG COM 37933108 168 10 168 SOLE - SOLE
ARTESYN T|ATSN COM 43127109 285 15 49 SOLE - SOLE
ASHLAND I|ASH COM 44204105 269 8 297 SOLE - SOLE
ASSOCIATE|AGRP A COM 45651106 1,089 18 347 SOLE - SOLE
ASSOCIATE|AFS COM 46008108 736 20 358 SOLE - SOLE
ATLANTIC |ARC COM 48825103 886 10 355 SOLE - SOLE
AUTOMATIC|AUD COM 53015103 803 18 34 SOLE - SOLE
BAKER HUG|BHI COM 57224107 261 9 266 SOLE - SOLE
BANK AMER|BAC COM 60505104 2,771 50 1,222 SOLE - SOLE
BANK OF N|BK COM 64057102 736 22 374 SOLE - SOLE
BANK ONE |ONE COM 06423A10 1,172 34 762 SOLE - SOLE
BANKBOSTO|BKB COM 06605R10 347 8 134 SOLE - SOLE
BARD C R |BCR COM 67383109 659 14 619 SOLE - SOLE
BAXTER IN|BAX COM 71813109 542 9 85 SOLE - SOLE
BELL ATLA|BEL COM 77853109 3,096 46 583 SOLE - SOLE
BELLSOUTH|BLS COM 79860102 2,520 56 395 SOLE - SOLE
BESTFOODS|BFO COM 08658U1 437 9 120 SOLE - SOLE
BETHLEHEM|BS COM 87509105 148 20 277 SOLE - SOLE
BLACK & D|BDK COM 91797100 457 10 290 SOLE - SOLE
BOEING CO|BA COM 97023105 1,279 30 675 SOLE - SOLE
BORDERS G|BGP COM 99709107 125 9 201 SOLE - SOLE
BOSTON SC|BSX COM 101137107 173 7 300 SOLE - SOLE
BRIGGS & |BGG COM 109043109 409 7 456 SOLE - SOLE
BRISTOL M|BMY COM 110122108 3,915 58 238 SOLE - SOLE
BRUNSWICK|BC COM 117043109 323 13 180 SOLE - SOLE
BURLINGTO|BNI COM 12189T10 413 15 73 SOLE - SOLE
C3 INC N |CTHR COM 22942P10 162 16 222 SOLE - SOLE
CAMPBELL |CPB COM 134429109 548 14 172 SOLE - SOLE
CARDINAL |CAH COM 14149Y108 273 5 324 SOLE - SOLE
CATERPILL|CAT COM 149123101 603 11 150 SOLE - SOLE
CBS CORP |CBS COM 12490K10 971 21 323 SOLE - SOLE
CCA COS I|RIPE COM 124863101 51 90 113 SOLE - SOLE
CENDANT C|CD COM 151313103 124 7 146 SOLE - SOLE
CENTRAL &|CSR COM 152357109 232 11 95 SOLE - SOLE
CENTURYTE|CTL COM 156700106 569 14 576 SOLE - SOLE
CHAMPION |CHA COM 158525105 308 6 159 SOLE - SOLE
CHARLES S|SCH COM 808513105 268 8 474 SOLE - SOLE
CHASE MAN|CMB COM 16161A10 1,508 20 356 SOLE - SOLE
CHASE MAN|CMB COM 16161A10 377 5 89 SOLE - SOLE
CHEVRON C|CHV COM 166751107 1,775 20 362 SOLE - SOLE
CHROMATIC|CCSI COM 171116304 426 55 225 SOLE - SOLE
CHUBB COR|CB COM 171232101 298 6 95 SOLE - SOLE
CIGNA COR|CI COM 125509109 544 7 426 SOLE - SOLE
CIRCUIT C|CC COM 172737108 591 14 503 SOLE - SOLE
CISCO SYS|CSCO COM 17275R10 6,171 90 403 SOLE - SOLE
CITIGROUP|C COM 172967101 4,290 98 746 SOLE - SOLE
CITIZENS |CZN COM 177342201 113 10 119 SOLE - SOLE
CLAIBORNE|LIZ COM 539320101 248 8 144 SOLE - SOLE
COCA COLA|KO COM 191216100 3,426 71 310 SOLE - SOLE
COLGATE P|CL COM 194162103 824 18 198 SOLE - SOLE
COMCAST C|CMCS K COM 200300200 558 14 568 SOLE - SOLE
COMPAQ CO|CPQ COM 204493100 1,166 51 482 SOLE - SOLE
COMPOSITE|CTEK COM 204938104 39 35 86 SOLE - SOLE
COMPUTER |CA COM 204912109 978 16 140 SOLE - SOLE
CONAGRA I|CAG COM 205887102 316 14 221 SOLE - SOLE
CONOCO IN|COC B COM 208251405 101 4 10 SOLE - SOLE
CONSOLIDA|ED COM 209115104 415 10 78 SOLE - SOLE
CONSOLIDA|CNG COM 209615103 468 8 77 SOLE - SOLE
CONSTELLA|CEG COM 210371100 352 13 156 SOLE - SOLE
COOPER IN|CBE COM 216669101 327 7 130 SOLE - SOLE
CORNING I|GLW COM 219350105 686 10 59 SOLE - SOLE
COSTCO WH|COST COM 22160K105 504 7 131 SOLE - SOLE
CRANE COM|CR COM 224399105 303 14 63 SOLE - SOLE
CRESCENT |COPI COM 22575M100 127 31 204 SOLE - SOLE
CRESCENT |CEI COM 225756105 180 10 193 SOLE - SOLE
CRESTLINE|CLJ COM 226153104 185 9 169 SOLE - SOLE
CROWN COR|CCK COM 228255105 170 7 127 SOLE - SOLE
CSX CORP |CSX COM 126408103 297 7 69 SOLE - SOLE
CUMMINS E|CUM COM 231021106 349 7 357 SOLE - SOLE
CVS CORP |CVS COM 126650100 449 11 54 SOLE - SOLE
CYPRUS AM|CYM COM 232809103 530 27 538 SOLE - SOLE
DANA CORP|DCN COM 235811106 446 12 183 SOLE - SOLE
DANKA BUS|DANK Y COM 236277109 204 20 183 SOLE - SOLE
DATA BROA|DBCC COM 237596101 91 12 188 SOLE - SOLE
DAYTON HU|DH COM 239753106 781 13 169 SOLE - SOLE
DAYTON SU|DSD COM 240028100 153 9 190 SOLE - SOLE
DEERE & C|DE COM 244199105 310 8 153 SOLE - SOLE
DELL COMP|DELL COM 247025109 2,634 63 1,018 SOLE - SOLE
DELPHI AU|DPH COM 247126105 213 13 128 SOLE - SOLE
DELTA AIR|DAL COM 247361108 388 8 126 SOLE - SOLE
DELUXE CO|DLX COM 248019101 374 11 317 SOLE - SOLE
DILLARD'S|DDS COM 254067101 203 10 259 SOLE - SOLE
DISNEY WA|DIS COM 254687106 1,560 60 116 SOLE - SOLE
DOMINION |D COM 257470104 496 11 174 SOLE - SOLE
DOW CHEMI|DOW COM 260543103 795 7 135 SOLE - SOLE
DOW JONES|DJ COM 260561105 427 8 167 SOLE - SOLE
DUKE ENER|DUK COM 264399106 496 9 100 SOLE - SOLE
DUN & BRA|DNB COM 26483B10 418 14 211 SOLE - SOLE
DYCOM IND|DY COM 267475101 169 4 67 SOLE - SOLE
E I DU PO|DD COM 263534109 1,921 32 248 SOLE - SOLE
E M C COR|EMC COM 268648102 1,428 20 302 SOLE - SOLE
EASTMAN C|EMN COM 277432100 120 3 94 SOLE - SOLE
EASTMAN K|EK COM 277461109 756 10 567 SOLE - SOLE
EATON COR|ETN COM 278058102 345 4 35 SOLE - SOLE
EDISON IN|EIX COM 281020107 365 15 203 SOLE - SOLE
ELECTRONI|EDS COM 285661104 371 7 350 SOLE - SOLE
ELI LILLY|LLY COM 532457108 2,054 32 285 SOLE - SOLE
EMERSON E|EMR COM 291011104 695 11 73 SOLE - SOLE
EMULEX CO|EMLX COM 292475209 2,748 32 140 SOLE - SOLE
ENGELHARD|EC COM 292845104 256 14 91 SOLE - SOLE
ENRON COR|ENE COM 293561106 821 20 139 SOLE - SOLE
ENTERGY C|ETR COM 29364G103 405 14 350 SOLE - SOLE
ENVIRONME|EPTC COM 29406K104 364 117 274 SOLE - SOLE
ESYNCH CO|ESYN COM 297591109 401 87 304 SOLE - SOLE
EXPEDITOR|EXPD COM 302130109 32 1 29 SOLE - SOLE
EXXON COR|XON COM 302290101 5,320 70 876 SOLE - SOLE
FANNIE MA|FNM COM 313586109 1,943 31 152 SOLE - SOLE
FBR ASSET| COM 30241E10 308 28 564 SOLE - SOLE
FEDERATED|FD COM 31410H10 437 10 400 SOLE - SOLE
FIRST DAT|FDC COM 319963104 614 14 403 SOLE - SOLE
FIRST FIN|FF COM 320228109 106 13 162 SOLE - SOLE
FIRST UNI|FTU COM 337358105 1,033 29 375 SOLE - SOLE
FIRSTAR C|FSR COM 33763V10 384 15 475 SOLE - SOLE
FIRSTENER|FE COM 337932107 354 14 236 SOLE - SOLE
FLEET FIN|FLT COM 338915101 586 16 154 SOLE - SOLE
FLEETWOOD|FLE COM 339099103 182 9 176 SOLE - SOLE
FORD MOTO|F COM 345370100 1,809 36 653 SOLE - SOLE
FORTUNE B|FO COM 349631101 258 8 91 SOLE - SOLE
FPL GROUP|FPL COM 302571104 353 7 169 SOLE - SOLE
FREDDIE M|FRE COM 313400301 1,092 21 227 SOLE - SOLE
FREEPORT-|FCX COM 35671D85 109 7 182 SOLE - SOLE
GAINSCO I|GNA COM 363127101 248 40 284 SOLE - SOLE
GANNETT C|GCI COM 364730101 623 9 55 SOLE - SOLE
GAP INC |GPS COM 364760108 816 26 139 SOLE - SOLE
GENERAL D|GD COM 369550108 624 10 59 SOLE - SOLE
GENERAL E|GE COM 369604103 11,263 95 526 SOLE - SOLE
GENERAL M|GIS COM 370334104 487 6 50 SOLE - SOLE
GENERAL M|GM COM 370442105 1,196 19 645 SOLE - SOLE
GENUINE P|GPC COM 372460105 319 12 172 SOLE - SOLE
GEORGIA P|GP COM 373298108 404 10 188 SOLE - SOLE
GILLETTE |G COM 375766102 1,120 33 531 SOLE - SOLE
GLOBAL CR|GBLX COM G3921A10 212 8 201 SOLE - SOLE
GLOBAL IM|GISX COM 37934A100 149 10 198 SOLE - SOLE
GOLDEN WE|GDW COM 381317106 492 5 180 SOLE - SOLE
GREAT ATL|GAP COM 390064103 197 7 154 SOLE - SOLE
GROUP SEV|GSVN COM 399444108 12 91 257 SOLE - SOLE
GTE CORP |GTE COM 362320103 2,153 28 438 SOLE - SOLE
H & R BLO|HRB COM 93671105 526 12 437 SOLE - SOLE
HALLIBURT|HAL COM 406216101 574 14 178 SOLE - SOLE
HARRIS CO|HRS COM 413875105 249 9 154 SOLE - SOLE
HARTFORD |HIG COM 416515104 327 8 136 SOLE - SOLE
HASBRO IN|HAS COM 418056107 355 17 114 SOLE - SOLE
HEINZ H J|HNZ COM 423074103 473 11 63 SOLE - SOLE
HERSHEY F|HSY COM 427866108 292 6 91 SOLE - SOLE
HEWLETT P|HWP COM 428236103 2,632 29 347 SOLE - SOLE
HIE INC |HDIE COM 40419W100 180 90 177 SOLE - SOLE
HOME DEPO|HD COM 437076102 3,020 44 499 SOLE - SOLE
HOMESTAKE|HM COM 437614100 349 38 419 SOLE - SOLE
HOUSEHOLD|HI COM 441815107 369 9 83 SOLE - SOLE
IKON OFFI|IKN COM 451713101 150 14 193 SOLE - SOLE
ILLINOIS |ITW COM 452308109 597 8 47 SOLE - SOLE
IMS HEALT|RX COM 449934108 365 16 68 SOLE - SOLE
INCO LTD |N COM 453258402 470 22 425 SOLE - SOLE
INFERENCE|INFR COM 45662K10 67 25 199 SOLE - SOLE
INFORMATI|IFXH COM 456777101 73 30 136 SOLE - SOLE
INFOSEEK |SEEK COM 45678M10 124 4 148 SOLE - SOLE
INTEL COR|INTC COM 458140100 7,134 96 451 SOLE - SOLE
INTERNATI|IBM COM 459200101 6,534 54 1,247 SOLE - SOLE
INTERNATI|IFF COM 459506101 242 7 173 SOLE - SOLE
INTERNATI|IP COM 460146103 980 20 595 SOLE - SOLE
INTERNET |ICCSA COM 46058U990 2 0 0 SOLE - SOLE
INTERNET | CONV PF 46059F992 100 0 100 SOLE - SOLE
J P MORGA|JPM COM 616880100 571 5 78 SOLE - SOLE
JEFFERSON|JP COM 475070108 521 8 56 SOLE - SOLE
JOHNSON C|JCI COM 478366107 531 8 121 SOLE - SOLE
JOHNSON &|JNJ COM 478160104 3,583 39 281 SOLE - SOLE
JOSTENS I|JOS COM 481088102 268 14 251 SOLE - SOLE
JUMBOSPOR|JSI BB COM 481386AA 4 769 515 SOLE - SOLE
K MART CO|KM COM 482584109 327 28 421 SOLE - SOLE
KANSAS CI|KSU COM 485170104 372 8 500 SOLE - SOLE
KAUFMAN &|KBH COM 486168107 136 7 0 SOLE - SOLE
KEYCORP N|KEY COM 493267108 336 13 240 SOLE - SOLE
KIMBERLY-|KMB COM 494368103 897 17 134 SOLE - SOLE
KNIGHT RI|KRI COM 499040103 385 7 41 SOLE - SOLE
KROGER CO|KR COM 501044101 441 20 142 SOLE - SOLE
L S I LOG|LSI COM 502161102 728 14 401 SOLE - SOLE
LIFEPOINT|LPNT COM 53219L10 156 18 192 SOLE - SOLE
LIMITED I|LTD COM 532716107 497 13 194 SOLE - SOLE
LINCOLN N|LNC COM 534187109 376 10 47 SOLE - SOLE
LOCAL FIN| COM 539553206 355 38 384 SOLE - SOLE
LOCKHEED |LMT COM 539830109 523 16 592 SOLE - SOLE
LOEWS COR|LTR COM 540424108 562 8 537 SOLE - SOLE
LOUISIANA|LPX COM 546347105 109 7 137 SOLE - SOLE
LOWES COM|LOW COM 548661107 488 10 162 SOLE - SOLE
LUCENT TE|LU COM 549463107 5,060 78 508 SOLE - SOLE
MACROCHEM|MCHM COM 555903103 270 45 300 SOLE - SOLE
MALLINCKR|MKG COM 561232109 302 10 230 SOLE - SOLE
MARSH & M|MMC COM 571748102 514 8 155 SOLE - SOLE
MASCO COR|MAS COM 574599106 496 16 82 SOLE - SOLE
MASTEC IN|MTZ COM 576323109 206 7 211 SOLE - SOLE
MATTEL IN|MAT COM 577081102 190 10 44 SOLE - SOLE
MAY DEPAR|MAY COM 577778103 383 11 85 SOLE - SOLE
MAYTAG CO|MYG COM 578592107 300 9 184 SOLE - SOLE
MBNA CORP|KRB COM 55262L10 513 23 90 SOLE - SOLE
MC DONALD|MCD COM 580135101 1,730 40 189 SOLE - SOLE
MC GRAW-H|MHP COM 580645109 581 12 79 SOLE - SOLE
MCI WORLD|WCOM COM 55268B10 3,809 53 1,120 SOLE - SOLE
MEDIAONE |UMG COM 58440J10 1,230 18 184 SOLE - SOLE
MEDTRONIC|MDT COM 585055106 996 28 271 SOLE - SOLE
MELLON BA|MEL COM 585509102 538 16 70 SOLE - SOLE
MERCK & C|MRK COM 589331107 4,472 69 417 SOLE - SOLE
MERRILL L|MER COM 590188108 674 10 68 SOLE - SOLE
MICRON TE|MU COM 595112103 532 8 429 SOLE - SOLE
MICROSOFT|MSFT COM 594918104 13,041 144 925 SOLE - SOLE
MIDCAP SP|MDY COM 595635103 1,795 25 1,622 SOLE - SOLE
MILLIPORE|MIL COM 601073109 413 11 373 SOLE - SOLE
MINNESOTA|MMM COM 604059105 1,153 12 300 SOLE - SOLE
MOBIL COR|MOB COM 607059102 2,317 23 604 SOLE - SOLE
MONSANTO |MTC COM 611662107 642 18 100 SOLE - SOLE
MORGAN ST|MWD COM 617446448 1,516 17 545 SOLE - SOLE
MORRISON |MK COM 61844A10 206 20 215 SOLE - SOLE
MOTOROLA |MOT COM 620076109 1,584 18 423 SOLE - SOLE
MUELLER I|MLI COM 624756102 297 10 216 SOLE - SOLE
NACCO IND|NC COM 629579103 349 5 389 SOLE - SOLE
NASDAQ GO|QQQ COM 631100104 819 7 773 SOLE - SOLE
NATIONAL |NCC COM 635405103 374 14 468 SOLE - SOLE
NATIONAL |NSM COM 637640103 428 14 289 SOLE - SOLE
NAVARRE C|NAVR COM 639208107 48 5 44 SOLE - SOLE
NAVISTAR |NAV COM 63934E108 512 11 225 SOLE - SOLE
NETVALUE |NETV COM 64120C10 155 35 168 SOLE - SOLE
NEW YORK |NYT COM 650111107 375 10 179 SOLE - SOLE
NEWELL RU|NWL COM 651229106 350 12 226 SOLE - SOLE
NIAGARA C|NIAG COM 653349100 135 30 266 SOLE - SOLE
NIAGARA M|NMK COM 653520106 545 35 512 SOLE - SOLE
NIKE INC |NKE COM 654106103 398 7 191 SOLE - SOLE
NORTEL NE|NT COM 656569100 1,632 32 234 SOLE - SOLE
NORTHERN |NSP COM 665772109 285 13 117 SOLE - SOLE
NOVELL IN|NOVL COM 670006105 434 21 447 SOLE - SOLE
NUCOR COR|NUE COM 670346105 286 6 45 SOLE - SOLE
OCCIDENTA|OXY COM 674599105 162 7 183 SOLE - SOLE
ONEITA IN|ONTA Q COM 682655105 15 590 205 SOLE - SOLE
ONEOK INC|OKE COM 682680103 637 21 621 SOLE - SOLE
ORACLE CO|ORCL COM 68389X105 1,979 44 769 SOLE - SOLE
OTC S&P 5| COM S67141810 (120) (19) (475) SOLE - SOLE
OTC S&P 5| COM S67139140 1,937 19 1,900 SOLE - SOLE
PACIFICOR|PPW COM 695114108 201 10 202 SOLE - SOLE
PAGING NE|PAGE COM 695542100 33 32 238 SOLE - SOLE
PALL CORP|PLL COM 696429307 487 21 438 SOLE - SOLE
PE CORP C|PEB COM 69332S10 1,012 14 174 SOLE - SOLE
PECO ENER|PE COM 693304107 525 14 269 SOLE - SOLE
PENWEST P|PPCO COM 709754105 192 26 208 SOLE - SOLE
PEPSICO I|PEP COM 713448108 1,312 43 162 SOLE - SOLE
PFIZER IN|PFE COM 717081103 4,090 114 706 SOLE - SOLE
PG&E CORP|PCG COM 69331C10 362 14 198 SOLE - SOLE
PHARMACIA|PNU COM 716941109 720 15 247 SOLE - SOLE
PHILIP MO|MO COM 718154107 2,462 72 334 SOLE - SOLE
PHILLIPS |P COM 718507106 439 9 199 SOLE - SOLE
PITNEY BO|PBI COM 724479100 609 10 85 SOLE - SOLE
PMCC FINL|PFC COM 693429102 113 15 112 SOLE - SOLE
PNC BANK |PNC COM 693475105 474 9 203 SOLE - SOLE
PPG INDUS|PPG COM 693506107 360 6 41 SOLE - SOLE
PRICESMAR|PSMT COM 741511109 37 1 36 SOLE - SOLE
PROCTER &|PG COM 742718109 3,656 39 282 SOLE - SOLE
PROVIDIAN|PVN COM 74406A102 436 6 29 SOLE - SOLE
PUBLIC SE|PEG COM 744573106 502 13 246 SOLE - SOLE
PUBLIC ST|PSA COM 74460D10 217 9 201 SOLE - SOLE
QUAKER OA|OAT COM 747402105 495 8 158 SOLE - SOLE
QUINTESSE|QTSN COM 748766102 87 29 212 SOLE - SOLE
R H DONNE|RHD COM 74955W307 130 7 134 SOLE - SOLE
RACING CH|RACN COM 750069106 216 38 263 SOLE - SOLE
RALSTON P|RAL COM 751277302 335 12 86 SOLE - SOLE
RAYTHEON |RTN B COM 755111408 408 8 113 SOLE - SOLE
RAYTHEON |RTN A COM 755111309 87 2 65 SOLE - SOLE
RECKSON A|RA COM 75621K10 291 14 170 SOLE - SOLE
RELIANT E|REI COM 75952J10 379 14 249 SOLE - SOLE
RESEARCH |RPII COM 761013101 74 31 126 SOLE - SOLE
RESORTQUE|RZT COM 761183102 186 20 172 SOLE - SOLE
REYNOLDS |RLM COM 761763101 371 6 385 SOLE - SOLE
RITE AID |RAD COM 767754104 166 12 89 SOLE - SOLE
ROCKWELL |ROK COM 773903109 420 8 112 SOLE - SOLE
ROHM & HA|ROH COM 775371107 434 12 284 SOLE - SOLE
ROWAN COM|RDC COM 779382100 211 13 113 SOLE - SOLE
ROYAL DUT|RD COM 780257804 2,363 40 414 SOLE - SOLE
S & P 500| COM 648816924 26,221 25,000 25,000 SOLE - SOLE
SAFECO CO|SAFC COM 786429100 224 8 78 SOLE - SOLE
SAFEWAY I|SWY COM 786514208 266 7 367 SOLE - SOLE
SARA LEE |SLE COM 803111103 655 28 54 SOLE - SOLE
SBC COMMU|SBC COM 78387G10 2,808 55 342 SOLE - SOLE
SCHERING |SGP COM 806605101 1,920 44 120 SOLE - SOLE
SCHLUMBER|SLB COM 806857108 935 15 381 SOLE - SOLE
SCIENTIFI|SFA COM 808655104 991 20 283 SOLE - SOLE
SEAGATE T|SEG COM 811804103 214 7 282 SOLE - SOLE
SEAGRAM L|VO COM 811850106 501 11 219 SOLE - SOLE
SEARS ROE|S COM 812387108 377 12 176 SOLE - SOLE
SEMPRA EN|SRE COM 816851109 344 17 314 SOLE - SOLE
SHELL TRA|SC COM 822703609 1,797 40 736 SOLE - SOLE
SHERWIN-W|SHW COM 824348106 469 22 499 SOLE - SOLE
SIRCO INT|ELEC COM 829639103 26 20 38 SOLE - SOLE
SLM HLDG |SLM COM 78442A10 516 12 239 SOLE - SOLE
SONIC JET|SJET COM 835455106 196 87 235 SOLE - SOLE
SOUTHERN |SO COM 842587107 515 20 168 SOLE - SOLE
SPDR TR |SPY COM 78462F10 13,261 103 11,550 SOLE - SOLE
SPIEKER P|SPK COM 848497103 173 5 128 SOLE - SOLE
SPORT-HAL|SPOR COM 848925103 188 41 288 SOLE - SOLE
SPRINGS I|SMI COM 851783100 407 12 513 SOLE - SOLE
SPRINT CO|FON COM 852061100 1,411 26 291 SOLE - SOLE
SPRINT CO|PCS COM 852061506 485 7 35 SOLE - SOLE
ST PAUL C|SPC COM 792860108 523 19 418 SOLE - SOLE
STANDARD |AJX COM 853097103 362 31 290 SOLE - SOLE
STANDARD |AJX * CONV PF 853097202 258 22 222 SOLE - SOLE
SUN CMNTY|SUI COM 866674104 231 7 183 SOLE - SOLE
SUN MICRO|SUNW COM 866810104 2,046 22 62 SOLE - SOLE
SUNOCO IN|SUN COM 86764P10 192 7 277 SOLE - SOLE
SUNTRUST |STI COM 867914103 460 7 122 SOLE - SOLE
SUPERIOR |SUFI COM 868159898 200 17 168 SOLE - SOLE
SUPREME I|STS COM 868607102 125 17 200 SOLE - SOLE
SYNTROLEU|SYNM COM 871630109 21 3 44 SOLE - SOLE
TAKE-TWO |TTWO COM 874054109 221 20 145 SOLE - SOLE
TANDY COR|TAN COM 875382103 724 14 106 SOLE - SOLE
TEKTRONIX|TEK COM 879131100 251 8 163 SOLE - SOLE
TEMPLE IN|TIN COM 879868107 305 5 360 SOLE - SOLE
TENNECO I|TEN COM 88037E10 119 7 226 SOLE - SOLE
TENNESSEE|TVC NCONVPF 880591300 1,156 50 1,250 SOLE - SOLE
TEXACO IN|TX COM 881694103 1,073 17 373 SOLE - SOLE
TEXAS INS|TXN COM 882508104 1,974 24 101 SOLE - SOLE
TEXAS UTI|TXU COM 882848104 373 10 266 SOLE - SOLE
TEXTRON I|TXT COM 883203101 464 6 142 SOLE - SOLE
TIME WARN|TWX COM 887315109 2,187 36 430 SOLE - SOLE
TIMES MIR|TMC COM 887364107 400 6 45 SOLE - SOLE
TJX COS I|TJX COM 872540109 393 14 424 SOLE - SOLE
TOO INC |TOO COM 890333107 33 2 12 SOLE - SOLE
TRICON GL|YUM COM 895953107 295 7 78 SOLE - SOLE
TRW INCOR|TRW COM 872649108 398 8 279 SOLE - SOLE
TYCO INTL|TYC COM 902124106 2,122 21 767 SOLE - SOLE
U S WEST |USW COM 91273H10 830 15 226 SOLE - SOLE
UNICOM CO|UCM COM 904911104 480 13 346 SOLE - SOLE
UNILEVER |UN COM 904784709 1,156 17 342 SOLE - SOLE
UNION CAR|UK COM 905581104 625 11 259 SOLE - SOLE
UNION PAC|UPR COM 907834105 151 9 55 SOLE - SOLE
UNION PAC|UNP COM 907818108 385 8 83 SOLE - SOLE
UNISYS CO|UIS COM 909214108 226 5 72 SOLE - SOLE
UNITED TE|UTX COM 913017109 830 14 89 SOLE - SOLE
UNOCAL CO|UCL COM 915289102 445 12 303 SOLE - SOLE
US BANCOR|USB COM 902973106 615 20 193 SOLE - SOLE
UST INC C|UST COM 902911106 423 14 423 SOLE - SOLE
USX-U S S|X COM 90337T10 139 5 105 SOLE - SOLE
USX MARAT|MRO COM 902905827 393 13 306 SOLE - SOLE
V F CORPO|VFC COM 918204108 279 9 141 SOLE - SOLE
VIACOM IN|VIA B COM 925524308 930 22 418 SOLE - SOLE
VIVUS INC|VVUS COM 928551100 114 40 148 SOLE - SOLE
W W GRAIN|GWW COM 384802104 385 8 79 SOLE - SOLE
WACHOVIA |WB COM 929771103 472 6 335 SOLE - SOLE
WAL MART |WMT COM 931142103 6,088 128 241 SOLE - SOLE
WALGREEN |WAG COM 931422109 761 30 29 SOLE - SOLE
WARNER LA|WLA COM 934488107 1,593 24 160 SOLE - SOLE
WASHINGTO|WM COM 939322103 316 11 138 SOLE - SOLE
WASTE MAN|WMI COM 94106L10 195 10 257 SOLE - SOLE
WELLS FAR|WFC COM 949746101 1,902 48 602 SOLE - SOLE
WENDYS IN|WEN COM 950590109 451 17 114 SOLE - SOLE
WEYERHAEU|WY COM 962166104 461 8 201 SOLE - SOLE
WILLIAMS |WMB COM 969457100 564 15 156 SOLE - SOLE
WM WRIGLE|WWY COM 982526105 275 4 185 SOLE - SOLE
WORLDWIDE|WWES COM 98157N104 150 100 150 SOLE - SOLE
WORTHINGT|WTHG COM 981811102 170 10 110 SOLE - SOLE
XEROX COR|XRX COM 984121103 839 20 266 SOLE - SOLE
---------------------------
359,387 34,375 140,657
