UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 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 is true, correct and
complete, and that it is understood that all required items, statements, sched-
ules, 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 in: White Plains, New York_________________ on _________, 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
ACT OF 1934.
Page 1
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 395
Form 13F Information Table Value Total: $ 360,564,000
Page 2
FINANCIAL INST RETIREMENT FUND
31-Mar-99
(13F): CORE EQUITY AND INHOUSE EQUITY ACCTS
=======================================================================
========================
-ITEM 1- -ITEM 2- -ITEM 3- -ITEM 4- ITEM 5 PRINCIPAL
ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER CLASS CUSIP FAIRMKT VAL SHARES AMOUNT INV
DISC.MANAGERS VOT. AUTH
($,000) (,000) ($,000)
=======================================================================
========================
3COM CORP COM | COM 885535104 209.81 9 465.13
SOLE SOLE
A T & T CORP CO| COM 1957109 4,759.62 60 1,219.17
SOLE SOLE
ABBOTT LABORATO| COM 2824100 2,012.94 43 190.79
SOLE SOLE
ABERCROMBIE & F| COM 2896207 17.62 0 3.90
SOLE SOLE
ADVANCED MICRO | COM 7903107 232.50 15 439.28
SOLE SOLE
AETNA INC | COM 8117103 581.00 7 420.00
SOLE SOLE
AIR PRODUCTS AN| COM 9158106 342.50 10 133.15
SOLE SOLE
AIRTOUCH COMMUN| COM 00949T100 773.00 8 92.93
SOLE SOLE
ALARIS MED INC | COM 11637105 157.81 50 266.07
SOLE SOLE
ALBERTO-CULVER | COM 13068200 238.00 11 154.00
SOLE SOLE
ALBERTSONS INC | COM 13104104 489.94 9 47.87
SOLE SOLE
ALCAN ALUMINIUM| COM 13716105 283.94 11 103.57
SOLE SOLE
ALCOA INC | COM 13817101 494.25 12 175.47
SOLE SOLE
ALLEGHENY TELED| COM 17415100 303.00 16 209.36
SOLE SOLE
ALLIED SIGNAL I| COM 19512102 836.19 17 125.25
SOLE SOLE
ALLSTATE CORP C| COM 20002101 963.63 26 223.23
SOLE SOLE
AMERICA ONLINE | COM 02364J104 2,646.00 18 1,354.82
SOLE SOLE
AMERICA SVC GRO| COM 02364L109 293.75 25 273.93
SOLE SOLE
AMERICAN ELECTR| COM 25537101 357.19 9 249.24
SOLE SOLE
AMERICAN EXPRES| COM 25816109 1,648.50 14 276.50
SOLE SOLE
AMERICAN GENERA| COM 26351106 564.00 8 138.31
SOLE SOLE
AMERICAN GREETI| COM 26375105 228.38 9 241.47
SOLE SOLE
AMERICAN HOME P| COM 26609107 2,544.75 39 208.11
SOLE SOLE
AMERICAN INTERN| COM 26874107 3,799.69 32 349.27
SOLE SOLE
AMERITECH CORP | COM 30954101 1,901.63 33 190.89
SOLE SOLE
AMGEN INC | COM 31162100 1,048.25 14 198.76
SOLE SOLE
AMP INCORPORATE| COM 31897101 466.68 9 181.91
SOLE SOLE
AMR CORP COM | COM 1765106 351.38 6 186.33
SOLE SOLE
ANALYTICAL SURV| COM 32683302 208.00 8 209.77
SOLE SOLE
ANDREW CORP | COM 34425108 166.22 14 25.67
SOLE SOLE
ANHEUSER-BUSCH | COM 35229103 1,141.88 15 39.69
SOLE SOLE
APPLE COMPUTER | COM 37833100 323.44 9 277.21
SOLE SOLE
APPLIED MATERIA| COM 38222105 740.25 12 379.89
SOLE SOLE
APRIA HEALTHCAR| COM 37933108 118.75 10 105.48
SOLE SOLE
ARCHER DANIELS | COM 39483102 307.66 21 76.45
SOLE SOLE
ARMSTRONG WORLD| COM 42476101 225.94 5 162.97
SOLE SOLE
ARTESYN TECHNOL| COM 43127109 185.63 15 49.31
SOLE SOLE
ASARCO INC | COM 43413103 96.69 7 278.62
SOLE SOLE
ASHLAND INC COM| COM 44204105 327.50 8 296.64
SOLE SOLE
ASSOCIATED GROU| COM 45651106 892.13 18 347.13
SOLE SOLE
ASSOCIATES FIRS| COM 46008108 919.89 20 357.79
SOLE SOLE
ATLANTIC RICHFI| COM 48825103 731.25 10 355.34
SOLE SOLE
AUTOMATIC DATA | COM 53015103 744.75 18 34.08
SOLE SOLE
BAKER HUGHES IN| COM 57224107 218.81 9 266.41
SOLE SOLE
BALTIMORE GAS &| COM 59165100 317.19 13 156.44
SOLE SOLE
BANK OF NEW YOR| COM 64057102 790.63 22 374.19
SOLE SOLE
BANK ONE CORP | COM 06423A103 1,854.01 34 762.31
SOLE SOLE
BANKAMERICA COR| COM 06605F102 3,655.76 52 1,266.27
SOLE SOLE
BANKBOSTON CORP| COM 06605R106 346.50 8 134.00
SOLE SOLE
BANKERS TRUST C| COM 66365107 308.88 4 167.37
SOLE SOLE
BARD C R INCORP| COM 67383109 353.06 7 282.34
SOLE SOLE
BAXTER INTL INC| COM 71813109 594.00 9 85.26
SOLE SOLE
BELL ATLANTIC C| COM 77853109 2,377.63 46 583.45
SOLE SOLE
BELLSOUTH CORPO| COM 79860102 2,403.75 60 423.61
SOLE SOLE
BERKSHIRE HATHA| COM 84670207 493.71 0 181.30
SOLE SOLE
BESTFOODS | COM 08658U101 423.00 9 120.15
SOLE SOLE
BETHLEHEM STEEL| COM 87509105 165.00 20 276.60
SOLE SOLE
BLACK & DECKER | COM 91797100 443.50 8 175.74
SOLE SOLE
BOEING COMPANY | COM 97023105 1,020.00 30 674.93
SOLE SOLE
BORDERS GROUP I| COM 99709107 119.53 9 200.89
SOLE SOLE
BRISTOL MYERS S| COM 110122108 3,719.25 58 237.58
SOLE SOLE
BROWN-FORMAN CO| COM 115637209 167.11 3 95.70
SOLE SOLE
BROWNING-FERRIS| COM 115885105 462.75 12 206.58
SOLE SOLE
BRUNSWICK CORPO| COM 117043109 247.81 13 180.20
SOLE SOLE
BUILDING ONE SV| COM 120114103 825.00 48 974.53
SOLE SOLE
BURLINGTON NORT| COM 12189T104 493.13 15 73.41
SOLE SOLE
BURLINGTON RES | COM 122014103 279.56 7 256.06
SOLE SOLE
CAMPBELL SOUP C| COM 134429109 569.63 14 28.39
SOLE SOLE
CATERPILLAR INC| COM 149123101 505.31 11 150.47
SOLE SOLE
CBS CORP | COM 12490K107 857.06 21 323.00
SOLE SOLE
CCA COS INC | COM 124863101 47.50 40 47.50
SOLE SOLE
CENDANT CORP | COM 151313103 111.56 7 145.67
SOLE SOLE
CENTRAL & SOUTH| COM 152357109 257.81 11 94.88
SOLE SOLE
CHAMPION INTERN| COM 158525105 246.38 6 159.00
SOLE SOLE
CHASE MANHATTAN| COM 16161A108 2,115.75 26 462.27
SOLE SOLE
CHEVRON CORP | COM 166751107 1,775.00 20 362.08
SOLE SOLE
CHROMATICS COLO| COM 171116304 371.25 45 141.87
SOLE SOLE
CHUBB CORPORATI| COM 171232101 351.38 6 95.33
SOLE SOLE
CIGNA CORP COM | COM 125509109 586.69 7 426.01
SOLE SOLE
CINERGY CORP CO| COM 172474108 330.00 12 279.00
SOLE SOLE
CISCO SYS INC | COM 17275R102 4,930.31 45 403.48
SOLE SOLE
CITIGROUP INC | COM 172967101 4,407.38 69 792.36
SOLE SOLE
CLAIBORNE LIZ I| COM 539320101 261.00 8 144.00
SOLE SOLE
COASTAL CORP | COM 190441105 132.00 4 51.33
SOLE SOLE
COCA COLA CO CO| COM 191216100 4,480.38 73 318.59
SOLE SOLE
COLGATE PALMOLI| COM 194162103 828.00 9 197.52
SOLE SOLE
COLUMBIA / HCA | COM 197677107 568.13 30 693.42
SOLE SOLE
COMPAQ COMPUTER| COM 204493100 1,614.57 51 482.29
SOLE SOLE
COMPOSITECH LTD| COM 204938104 194.06 115 279.51
SOLE SOLE
COMPUTER ASSOC | COM 204912109 569.00 16 140.18
SOLE SOLE
CONAGRA INC | COM 205887102 358.75 14 220.73
SOLE SOLE
CONEXANT SYS IN| COM 207142100 110.75 4 24.73
SOLE SOLE
CONSOLIDATED ED| COM 209115104 453.13 10 77.83
SOLE SOLE
CONSOLIDATED NA| COM 209615103 365.16 8 77.11
SOLE SOLE
COOPER INDUSTRI| COM 216669101 298.38 7 129.85
SOLE SOLE
CORNING INC COM| COM 219350105 600.00 10 59.28
SOLE SOLE
COSTCO COS INC | COM 22160Q102 640.94 7 131.45
SOLE SOLE
CRANE COMPANY C| COM 224399105 326.53 14 63.00
SOLE SOLE
CROWN CORK & SE| COM 228255105 199.94 7 126.51
SOLE SOLE
CSX CORP COM | COM 126408103 272.56 7 69.34
SOLE SOLE
CVS CORP | COM 126650100 522.50 11 53.63
SOLE SOLE
CYBERCASH INC C| COM 232462101 141.25 10 164.10
SOLE SOLE
CYPRUS AMAX MIN| COM 232809103 121.25 10 300.80
SOLE SOLE
DANA CORPORATIO| COM 235811106 621.79 16 249.38
SOLE SOLE
DATA BROADCASTI| COM 237596101 166.50 12 188.28
SOLE SOLE
DAYTON HUDSON C| COM 239753106 866.13 13 169.44
SOLE SOLE
DAYTON SUPERIOR| COM 240028100 156.38 9 189.54
SOLE SOLE
DEERE & COMPANY| COM 244199105 309.00 8 152.82
SOLE SOLE
DELL COMPUTER C| COM 247025109 2,289.00 56 691.96
SOLE SOLE
DELTA AIR LINES| COM 247361108 556.00 8 125.75
SOLE SOLE
DELUXE CORPORAT| COM 248019101 320.38 11 316.59
SOLE SOLE
DILLARD'S INC C| COM 254067101 253.75 10 258.75
SOLE SOLE
DISNEY WALT CO | COM 254687106 1,867.50 60 115.71
SOLE SOLE
DOMINION RES IN| COM 257470104 406.31 11 173.78
SOLE SOLE
DOVER CORPORATI| COM 260003108 394.50 12 274.98
SOLE SOLE
DOW CHEMICAL CO| COM 260543103 652.31 7 134.61
SOLE SOLE
DOW JONES & COM| COM 260561105 377.50 8 167.37
SOLE SOLE
DREW INDS INC | COM 26168L205 187.69 17 206.31
SOLE SOLE
DUKE ENERGY COR| COM 64399106 493.31 9 100.34
SOLE SOLE
DUN & BRADSTREE| COM 26483B106 498.75 14 210.76
SOLE SOLE
DYCOM INDUSTRIE| COM 267475101 391.50 9 150.69
SOLE SOLE
E I DU PONT DE | COM 263534109 1,974.13 34 265.70
SOLE SOLE
E M C CORP MASS| COM 268648102 1,277.50 10 302.23
SOLE SOLE
EASTMAN CHEMICA| COM 277432100 126.19 3 94.33
SOLE SOLE
EASTMAN KODAK C| COM 77461109 638.75 10 566.52
SOLE SOLE
EATON CORPORATI| COM 278058102 286.00 4 34.76
SOLE SOLE
EDISON INTL | COM 281020107 333.75 15 202.55
SOLE SOLE
ELI LILLY & CO | COM 532457108 2,800.88 33 293.78
SOLE SOLE
EMERSON ELECTRI| COM 291011104 582.31 11 73.34
SOLE SOLE
EMULEX CORP COM| COM 292475209 594.00 18 157.39
SOLE SOLE
ENGELHARD CORPO| COM 92845104 237.13 14 91.26
SOLE SOLE
ENRON CORP | COM 293561106 642.50 10 139.06
SOLE SOLE
ENTERGY CORP NE| COM 29364G103 385.00 14 349.70
SOLE SOLE
ENVIRONMENTAL P| COM 29406K104 1,066.22 112 241.24
SOLE SOLE
ESYNCH CORP | COM 297591109 39.00 12 42.55
SOLE SOLE
EXXON CORP | COM 02290101 5,221.63 74 926.35
SOLE SOLE
FANNIE MAE COM | COM 313586109 2,146.75 31 152.41
SOLE SOLE
FEDERAL HOME LO| COM 313400301 1,203.56 21 226.80
SOLE SOLE
FEDERATED DEPT | COM 31410H101 401.25 10 399.93
SOLE SOLE
FIRST DATA CORP| COM 319963104 598.50 14 403.01
SOLE SOLE
FIRST FINANCIAL| COM 320228109 96.47 13 162.23
SOLE SOLE
FIRST UNION COR| COM 37358105 1,549.69 29 375.24
SOLE SOLE
FIRSTENERGY COR| COM 337932107 392.00 14 236.08
SOLE SOLE
FLEET FINL GROU| COM 38915101 602.00 16 153.81
SOLE SOLE
FLEETWOOD ENTER| COM 339099103 257.63 9 176.42
SOLE SOLE
FORD MOTOR COMP| COM 45370100 2,040.75 36 652.97
SOLE SOLE
FORTUNE BRANDS | COM 49631101 308.00 8 91.33
SOLE SOLE
FOSTER WHEELER | COM 50244109 60.63 5 178.75
SOLE SOLE
FPL GROUP INC C| COM 302571104 372.75 7 169.34
SOLE SOLE
FREEPORT-MCMORA| COM 35671D857 76.13 7 181.62
SOLE SOLE
GAINSCO INC | COM 363127101 195.00 40 283.87
SOLE SOLE
GANNETT CO INC | COM 364730101 567.00 9 55.02
SOLE SOLE
GAP INC | COM 364760108 1,211.63 18 147.46
SOLE SOLE
GENERAL DYNAMIC| COM 369550108 642.50 10 58.93
SOLE SOLE
GENERAL ELECTRI| COM 369604103 10,841.25 98 542.52
SOLE SOLE
GENERAL MILLS I| COM 70334104 453.38 6 50.13
SOLE SOLE
GENERAL MOTORS | COM 370442105 1,827.00 21 855.16
SOLE SOLE
GENESIS DIRECT | COM 371935107 171.25 40 217.50
SOLE SOLE
GENUINE PARTS C| COM 372460105 345.75 12 172.10
SOLE SOLE
GEORGIA PACIFIC| COM 373298108 371.25 5 188.07
SOLE SOLE
GILLETTE COMPAN| COM 375766102 1,961.44 33 531.16
SOLE SOLE
GOLDEN WEST FIN| COM 81317106 477.50 5 179.88
SOLE SOLE
GREAT ATLANTIC | COM 390064103 195.00 7 154.08
SOLE SOLE
GROUP SEVEN COM| COM 99444108 68.25 91 257.44
SOLE SOLE
GT INTERACTIVE | COM 36236E109 185.00 40 218.14
SOLE SOLE
GTE CORP | COM 362320103 1,694.00 28 437.59
SOLE SOLE
H & R BLOCK INC| COM 3671105 573.24 12 437.45
SOLE SOLE
HALLIBURTON COM| COM 406216101 592.90 15 196.03
SOLE SOLE
HANOVER DIRECT | COM 410783104 140.63 50 139.92
SOLE SOLE
HARNISCHFEGER I| COM 13345109 28.44 5 95.31
SOLE SOLE
HARRIS CORP DEL| COM 413875105 257.63 9 153.82
SOLE SOLE
HARTFORD FINL S| COM 416515104 454.50 8 136.38
SOLE SOLE
HASBRO INC | COM 418056107 477.47 17 113.99
SOLE SOLE
HEINZ H J COMPA| COM 423074103 521.13 11 63.04
SOLE SOLE
HERSHEY FOODS C| COM 427866108 336.38 6 90.93
SOLE SOLE
HEWLETT PACKARD| COM 428236103 2,102.19 31 370.85
SOLE SOLE
HIE INC | COM 40419W100 405.00 90 177.19
SOLE SOLE
HOME DEPOT INC | COM 437076102 2,739.00 44 498.66
SOLE SOLE
HOMESTAKE MININ| COM 437614100 86.25 10 186.12
SOLE SOLE
HOUSEHOLD INTL | COM 441815107 419.70 9 82.80
SOLE SOLE
ILLINOIS TOOL W| COM 452308109 495.00 8 47.21
SOLE SOLE
IMS HEALTH INC | COM 449934108 530.00 16 75.55
SOLE SOLE
INCO LTD COM | COM 453258402 106.50 8 186.11
SOLE SOLE
INFERENCE CORP | COM 45662K109 135.94 25 198.85
SOLE SOLE
INFORMATIX HLDG| COM 456777101 149.06 30 136.20
SOLE SOLE
INTEL CORPORATI| COM 458140100 5,706.00 48 450.63
SOLE SOLE
INTERNATIONAL B| COM 459200101 5,140.25 29 1,339.82
SOLE SOLE
INTERNATIONAL F| COM 459506101 262.94 7 172.63
SOLE SOLE
INTERNATIONAL P| COM 460146103 421.88 10 304.70
SOLE SOLE
ITT INDS INC | COM 450911102 247.63 7 110.92
SOLE SOLE
J P MORGAN & CO| COM 616880100 616.88 5 77.98
SOLE SOLE
JEFFERSON-PILOT| COM 75070108 558.94 8 56.07
SOLE SOLE
JENKON INTL INC| COM 47612N100 34.44 29 145.00
SOLE SOLE
JOHNSON CONTROL| COM 478366107 499.00 8 121.00
SOLE SOLE
JOHNSON & JOHNS| COM 78160104 3,740.00 40 288.29
SOLE SOLE
JOSTENS INC COM| COM 481088102 297.50 14 251.23
SOLE SOLE
K MART CORP | COM 482584109 470.75 28 420.84
SOLE SOLE
KAUFMAN & BROAD| COM 486168107 148.91 7 0.00
SOLE SOLE
KELLOGG COMPANY| COM 487836108 439.56 13 56.16
SOLE SOLE
KERR-MCGEE CORP| COM 492386107 328.13 10 360.18
SOLE SOLE
KEYCORP NEW COM| COM 493267108 394.06 13 239.84
SOLE SOLE
KIMBERLY-CLARK | COM 494368103 814.94 17 134.36
SOLE SOLE
KNIGHT RIDDER I| COM 499040103 350.00 7 40.50
SOLE SOLE
KROGER COMPANY | COM 501044101 598.75 10 142.28
SOLE SOLE
L S I LOGIC COR| COM 502161102 311.88 10 245.80
SOLE SOLE
LIMITED INC | COM 532716107 515.13 13 206.09
SOLE SOLE
LINCOLN NATIONA| COM 534187109 494.38 5 46.59
SOLE SOLE
LOCKHEED MARTIN| COM 539830109 604.00 16 591.98
SOLE SOLE
LOEWS CORP | COM 540424108 1,044.75 14 939.78
SOLE SOLE
LOUISIANA PACIF| COM 46347105 130.38 7 136.68
SOLE SOLE
LOWES COMPANIES| COM 548661107 726.00 12 194.32
SOLE SOLE
LUCENT TECHNOLO| COM 549463107 4,212.00 39 507.78
SOLE SOLE
MACROCHEM CORP | COM 555903103 328.13 35 221.57
SOLE SOLE
MALLINCKRODT IN| COM 561232109 266.25 10 230.22
SOLE SOLE
MARINER POST-AC| COM 568459101 43.75 20 289.14
SOLE SOLE
MARSH & MCLENNA| COM 571748102 556.88 8 155.20
SOLE SOLE
MASCO CORPORATI| COM 574599106 452.00 16 82.13
SOLE SOLE
MATTEL INC | COM 577081102 249.38 10 44.25
SOLE SOLE
MAY DEPARTMENT | COM 577778103 410.81 11 85.45
SOLE SOLE
MAYTAG CORPORAT| COM 578592107 543.38 9 183.72
SOLE SOLE
MBNA CORP | COM 55262L100 537.19 23 90.49
SOLE SOLE
MC DONALDS CORP| COM 580135101 1,812.50 40 188.55
SOLE SOLE
MC GRAW-HILL CO| COM 580645109 654.00 12 78.68
SOLE SOLE
MCI WORLDCOM IN| COM 55268B106 4,693.81 53 1,119.85
SOLE SOLE
MEDIAONE GROUP | COM 58440J104 1,141.88 18 183.77
SOLE SOLE
MEDIAONEGROUP "| COM 58440J401 662.00 8 465.00
SOLE SOLE
MEDTRONIC INC | COM 585055106 1,006.25 14 270.60
SOLE SOLE
MELLON BANK COR| COM 585509102 563.00 8 69.52
SOLE SOLE
MERCK & CO INC | COM 589331107 5,769.00 72 434.62
SOLE SOLE
MERRILL LYNCH &| COM 590188108 885.00 10 68.48
SOLE SOLE
MICRON TECHNOLO| COM 95112103 385.50 8 429.27
SOLE SOLE
MICROSOFT CORP | COM 594918104 12,906.00 144 925.14
SOLE SOLE
MIDCAP SPDR TR | COM 95635103 1,447.69 21 1,325.20
SOLE SOLE
MINNESOTA MININ| COM 604059105 849.00 12 299.96
SOLE SOLE
MOBIL CORP | COM 607059102 2,024.00 23 603.61
SOLE SOLE
MONSANTO COMPAN| COM 611662107 826.88 18 100.42
SOLE SOLE
MORGAN STANLEY | COM 617446448 1,798.88 18 577.27
SOLE SOLE
MOTOROLA INCORP| COM 620076109 1,318.50 18 422.62
SOLE SOLE
MUELLER INDS IN| COM 624756102 335.63 15 323.87
SOLE SOLE
NAVISTAR INTL C| COM 63934E108 522.44 13 265.43
SOLE SOLE
NETVALUE HLDGS | COM 64120C104 175.00 35 167.65
SOLE SOLE
NETWORK EVENT T| COM 640924106 126.25 10 179.55
SOLE SOLE
NEW YORK TIMES | COM 650111107 285.00 10 179.15
SOLE SOLE
NEWELL RUBBERMA| COM 651229106 486.73 10 138.44
SOLE SOLE
NEWMONT MINING | COM 651639106 189.25 11 346.43
SOLE SOLE
NIAGARA CORP DE| COM 653349100 187.50 30 266.25
SOLE SOLE
NIAGARA MOHAWK | COM 653520106 470.31 35 512.29
SOLE SOLE
NIKE INC CL B | COM 654106103 403.81 7 190.63
SOLE SOLE
NORFOLK SOUTHER| COM 655844108 316.50 12 37.77
SOLE SOLE
NORTHERN STATES| COM 665772109 306.08 13 117.04
SOLE SOLE
NORTHERN TELECO| COM 665815106 994.00 16 233.83
SOLE SOLE
NOVELL INC | COM 670006105 528.94 21 447.13
SOLE SOLE
NUCOR CORP | COM 670346105 264.38 6 45.35
SOLE SOLE
OCCIDENTAL PETR| COM 674599105 126.00 7 182.62
SOLE SOLE
ONEITA INDS INC| COM 682655105 17.70 590 205.10
SOLE SOLE
ORACLE CORPORAT| COM 68389X105 1,147.31 44 768.77
SOLE SOLE
OTC S&P 500 CAL| CALL (691.46) (20) (630.00)
SOLE SOLE
OTC S&P 500 PUT| PUT 999.19 20 1,662.50
SOLE SOLE
PACIFICORP COMM| COM 695114108 172.50 10 202.05
SOLE SOLE
PAGING NETWORK | COM 695542100 51.56 11 159.50
SOLE SOLE
PALL CORPORATIO| COM 696429307 231.88 14 316.12
SOLE SOLE
PECO ENERGY CO | COM 693304107 647.50 14 268.63
SOLE SOLE
PENNEY J C CO I| COM 708160106 324.00 8 105.11
SOLE SOLE
PENWEST PHARMAC| COM 709754105 215.25 21 163.19
SOLE SOLE
PEOPLES ENERGY | COM 711030106 355.44 11 239.10
SOLE SOLE
PEPSICO INC COM| COM 713448108 1,763.44 45 169.95
SOLE SOLE
PERKIN-ELMER CO| COM 714041100 679.44 7 192.02
SOLE SOLE
PFIZER INC COM | COM 717081103 5,550.00 40 743.62
SOLE SOLE
PG&E CORP | COM 69331C108 434.88 14 198.42
SOLE SOLE
PHARMACIA & UPJ| COM 716941109 904.44 15 247.11
SOLE SOLE
PHILIP MORRIS C| COM 718154107 2,533.50 72 333.84
SOLE SOLE
PHILLIPS PETROL| COM 718507106 425.25 9 199.00
SOLE SOLE
PITNEY BOWES IN| COM 724479100 637.50 10 85.21
SOLE SOLE
PNC BANK CORP | COM 693475105 500.06 9 203.27
SOLE SOLE
PPG INDUSTRIES | COM 693506107 307.50 6 41.04
SOLE SOLE
PRENTISS PPTYS | COM 740706106 93.75 5 127.50
SOLE SOLE
PROCTER & GAMBL| COM 742718109 1,664.94 17 122.90
SOLE SOLE
PROCTER & GAMBL| COM 742718109 2,252.56 23 166.28
SOLE SOLE
PROVIDIAN FINL | COM 74406A102 1,155.00 11 54.45
SOLE SOLE
PUBLIC SERVICE | COM 744573106 496.44 13 246.29
SOLE SOLE
PUBLIC STORAGE | COM 74460D109 215.00 9 200.62
SOLE SOLE
QUAKER OATS COM| COM 747402105 498.00 8 157.51
SOLE SOLE
R H DONNELLEY C| COM 74955W307 24.70 2 5.02
SOLE SOLE
RACING CHAMPION| COM 750069106 187.00 17 201.88
SOLE SOLE
RALSTON PURINA | COM 751277302 320.25 12 86.05
SOLE SOLE
RAYTHEON CO CL| COM 755111408 481.60 8 112.86
SOLE SOLE
RAYTHEON CO CL | COM 55111309 103.08 2 64.61
SOLE SOLE
RECKSON ASSOCS | COM 75621K106 287.88 14 169.75
SOLE SOLE
REEBOK INTL LTD| COM 758110100 127.00 8 212.64
SOLE SOLE
RELIANT ENERGY | COM 75952J108 364.88 14 249.50
SOLE SOLE
RESEARCH PARTNE| COM 761013101 124.00 31 125.74
SOLE SOLE
REYNOLDS METALS| COM 761763101 297.03 6 385.45
SOLE SOLE
RITE AID CORP | COM 767754104 300.00 12 88.99
SOLE SOLE
ROCK OF AGES CO| COM 772632105 150.30 14 201.85
SOLE SOLE
ROCKWELL INTL C| COM 773903109 339.50 8 112.07
SOLE SOLE
ROHM & HAAS COM| COM 775371107 402.75 12 283.93
SOLE SOLE
ROWAN COMPANIES| COM 779382100 164.94 13 112.88
SOLE SOLE
ROYAL DUTCH PET| COM 780257804 2,080.00 40 414.29
SOLE SOLE
S & P 500 INDEX| COM 648816924 26,178.65 25,000 25,000.00
SOLE SOLE
SAFECO CORPORAT| COM 786429100 323.50 8 77.58
SOLE SOLE
SAPIENS INTL CO| COM N7716A102 156.56 15 147.56
SOLE SOLE
SARA LEE CORP C| COM 803111103 693.00 28 54.16
SOLE SOLE
SBC COMMUNICATI| COM 78387G103 2,595.31 55 342.00
SOLE SOLE
SCHERING PLOUGH| COM 806605101 2,431.00 44 120.04
SOLE SOLE
SCHLUMBERGER LI| COM 806857108 902.81 15 381.32
SOLE SOLE
SCIENTIFIC ATLA| COM 808655104 545.00 20 283.28
SOLE SOLE
SEAGATE TECHNOL| COM 811804103 206.94 7 281.92
SOLE SOLE
SEAGRAM LTD COM| COM 811850106 550.00 11 219.35
SOLE SOLE
SEARS ROEBUCK &| COM 812387108 542.25 12 176.10
SOLE SOLE
SECURITY PA FIN| COM 814847109 90.00 10 100.00
SOLE SOLE
SEMPRA ENERGY | COM 816851109 317.38 17 314.29
SOLE SOLE
SERVICE CORP IN| COM 817565104 171.00 12 66.51
SOLE SOLE
SEVEN SEAS PETE| COM 817917107 30.00 6 139.25
SOLE SOLE
SHELL TRANS & T| COM 822703609 1,604.69 40 736.15
SOLE SOLE
SHERWIN-WILLIAM| COM 824348106 630.00 22 499.13
SOLE SOLE
SILICON GRAPHIC| COM 827056102 347.81 21 364.86
SOLE SOLE
SKYTEL COMMUNIC| COM 83087Q104 299.25 18 179.55
SOLE SOLE
SLM HLDG CORP C| COM 78442A109 501.00 12 239.35
SOLE SOLE
SONAT INC | COM 835415100 240.00 8 95.27
SOLE SOLE
SONIC JET PERFO| COM 835455106 1,140.00 80 200.00
SOLE SOLE
SOUTHERN COMPAN| COM 842587107 466.25 20 167.66
SOLE SOLE
SPDR TR | COM 78462F103 13,351.00 104 11,547.40
SOLE SOLE
SPIEKER PPTYS I| COM 848497103 176.25 5 127.50
SOLE SOLE
SPORT-HALEY INC| COM 848925103 176.31 22 186.68
SOLE SOLE
SPRINT CORP | COM 852061100 1,275.63 13 290.82
SOLE SOLE
SPRINT CORP PCS| COM 852061506 288.03 7 34.92
SOLE SOLE
ST PAUL COS INC| COM 792860108 434.88 14 245.29
SOLE SOLE
STAC SOFTWARE I| COM 852323104 76.56 100 132.70
SOLE SOLE
STANDARD AUTOMO| COM 853097103 182.50 20 150.63
SOLE SOLE
STANDARD AUTOMO| COM 853097202 157.50 15 136.29
SOLE SOLE
STANLEY WORKS C| COM 54616109 230.63 9 143.80
SOLE SOLE
STAV ELECTRICAL| COM M84911102 150.00 40 208.60
SOLE SOLE
SUN CMNTYS INC | COM 866674104 222.25 7 182.88
SOLE SOLE
SUN MICROSYSTEM| COM 866810104 1,500.75 12 67.25
SOLE SOLE
SUNOCO INC | COM 86764P109 252.44 7 276.69
SOLE SOLE
SUNTRUST BANKS | COM 867914103 435.75 7 122.44
SOLE SOLE
SUPERIOR ENERGY| COM 868157108 179.69 50 170.63
SOLE SOLE
SUPREME INDS IN| COM 868607102 119.25 16 200.41
SOLE SOLE
SYNTROLEUM CORP| COM 871630109 18.38 3 44.25
SOLE SOLE
TAKE-TWO INTERA| COM 874054109 162.50 20 133.13
SOLE SOLE
TANDY CORPORATI| COM 875382103 638.13 10 150.80
SOLE SOLE
TAVA TECHNOLOGI| COM 872169107 125.00 25 201.89
SOLE SOLE
TEKTRONIX INC | COM 879131100 189.38 8 163.08
SOLE SOLE
TENET HEALTHCAR| COM 88033G100 227.25 12 181.04
SOLE SOLE
TENNECO INC NEW| COM 88037E101 195.56 7 226.06
SOLE SOLE
TENNESSEE VALLE| COM 880591300 1,750.00 70 1,750.00
SOLE SOLE
TEXACO INC COM | COM 81694103 964.75 17 372.92
SOLE SOLE
TEXAS INSTRUMEN| COM 882508104 1,191.00 12 100.69
SOLE SOLE
TEXAS UTILITIES| COM 882848104 420.00 10 265.82
SOLE SOLE
TEXTRON INCORPO| COM 883203101 464.25 6 141.59
SOLE SOLE
TIME WARNER INC| COM 887315109 2,549.25 36 430.19
SOLE SOLE
TIMES MIRROR CO| COM 887364107 328.81 6 45.09
SOLE SOLE
TORCHMARK CORP | COM 891027104 189.75 6 155.61
SOLE SOLE
TOYS R US INC | COM 892335100 244.56 13 198.69
SOLE SOLE
TPI ENTERPRISES| COM 872623103 0.45 75 0.00
SOLE SOLE
TRANSAMERICA CO| COM 893485102 568.00 8 109.04
SOLE SOLE
TRICON GLOBAL R| COM 895953107 435.55 6 19.24
SOLE SOLE
TRW INCORPORATE| COM 872649108 364.00 8 279.28
SOLE SOLE
TYCO INTL LTD N| COM 902124106 1,004.50 14 585.00
SOLE SOLE
U S WEST INC NE| COM 91273H101 800.94 15 226.43
SOLE SOLE
UNICOM CORP | COM 904911104 475.31 13 346.21
SOLE SOLE
UNILEVER NV N Y| COM 904784501 1,262.31 19 342.39
SOLE SOLE
UNION CAMP CORP| COM 905530101 469.88 7 290.01
SOLE SOLE
UNION CARBIDE C| COM 905581104 632.63 14 330.10
SOLE SOLE
UNION PAC RES G| COM 907834105 110.63 9 55.38
SOLE SOLE
UNION PACIFIC C| COM 907818108 427.50 8 82.67
SOLE SOLE
UNISYS CORP COM| COM 909214108 138.44 5 71.90
SOLE SOLE
UNITED HEALTHCA| COM 910581107 368.38 7 332.12
SOLE SOLE
UNITED TECHNOLO| COM 913017109 948.06 7 88.57
SOLE SOLE
UNOCAL CORP COM| COM 915289102 442.50 12 303.40
SOLE SOLE
US BANCORP DEL | COM 902973106 694.36 20 193.17
SOLE SOLE
UST INC COM | COM 902911106 365.75 14 423.43
SOLE SOLE
USX-U S STEEL G| COM 90337T101 126.90 5 104.73
SOLE SOLE
USX MARATHON GR| COM 902905827 369.46 13 306.06
SOLE SOLE
V F CORPORATION| COM 918204108 427.50 9 140.68
SOLE SOLE
VDC COMMUNICATI| COM 91821B101 160.00 40 194.80
SOLE SOLE
VENTAS INC | COM 92276F100 120.00 20 241.25
SOLE SOLE
VIACOM INC CL B| COM 925524308 923.31 11 417.57
SOLE SOLE
W W GRAINGER IN| COM 384802104 344.50 8 78.70
SOLE SOLE
WACHOVIA CORP N| COM 29771103 487.13 6 334.86
SOLE SOLE
WADDELL & REED | COM 930059209 29.20 1 20.29
SOLE SOLE
WADDELL & REED | COM 930059100 6.99 0 4.71
SOLE SOLE
WAL MART STORES| COM 931142103 6,176.56 67 252.66
SOLE SOLE
WALGREEN COMPAN| COM 931422109 847.50 30 28.92
SOLE SOLE
WARNER LAMBERT | COM 934488107 1,590.00 24 159.94
SOLE SOLE
WASHINGTON MUT | COM 939322103 441.45 11 138.36
SOLE SOLE
WASTE MANAGEMEN| COM 94106L109 450.41 10 257.04
SOLE SOLE
WELLS FARGO & C| COM 949746101 1,858.31 53 665.06
SOLE SOLE
WENDYS INTL INC| COM 950590109 483.44 17 113.82
SOLE SOLE
WEYERHAEUSER CO| COM 962166104 444.00 8 200.65
SOLE SOLE
WILLIAMS COS IN| COM 969457100 592.50 15 156.43
SOLE SOLE
WM WRIGLEY JR C| COM 982526105 361.75 4 185.17
SOLE SOLE
WMS INDUSTRIES | COM 929297109 153.75 20 172.22
SOLE SOLE
WORLDWIDE ENTMT| COM 98157N104 219.38 135 202.50
SOLE SOLE
WORTHINGTON IND| COM 981811102 117.50 10 109.64
SOLE SOLE
XEROX CORPORATI| COM 984121103 1,042.50 20 265.96
SOLE SOLE
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360,563.67 33,268 133,677.37
