United States Securities and Exchange Commission
Washington, DC 20549
Form 13F
Form 13 F 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 Invesment Manager Filing this Report:
Name: Independence Investment Associates, Inc.
Address: 53 State Street, Boston, Massachusetts 02109
13F File Number: 28 - 1714
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, schedules, lists, and tables,
lee
considered intergral parts of this form.
Person signing this report on behalf of reporting manager:
Name: William C. Fletcher
Title: President
Phone: (617) 228-8700
Signature, Place, Date of Signing:
William C. Fletcher, Boston, Massachusetts, August 16, 1999
Report Type: 13F Holdings Report
<PAGE>
<TABLE> <C> <C>
description sec_type cusip mktval units discrtn sole shared none
A D C TELE COMMON 00088610 25808337.5 615400 1 486000 35200 94200
A D C TELE COMMON 00088610 25997056.25 619900 2 617000 0 2900
A D C TELE COMMON 00088610 1224575 29200 3 0 0 29200
AES CORP COMMON 00130H10 118000 2000 1 2000 0 0
AK STL HLDG CORP COMMON 00154710 9767400 535200 1 334300 146500 54400
AK STL HLDG CORP COMMON 00154710 7300 400 2 400 0 0
AMB PROPERTY COR COMMON 00163T10 44493.75 2100 1 2100 0 0
AMB PROPERTY COR COMMON 00163T10 2542500 120000 2 120000 0 0
AMLI RESIDENTIAL SBI 00173510 42000 2000 1 2000 0 0
AMLI RESIDENTIAL SBI 00173510 1400700 66700 2 66700 0 0
AMR CORP COMMON 00176510 -10262350 -188300 1 1600 0 -189900
A T & T COMMON 00195710 42334200 973200 1 668500 98700 206000
A T & T COMMON 00195710 5711550 131300 2 125700 0 5600
A T & T COMMON 00195710 709050 16300 3 0 0 16300
AXA FINL INC COMMON 00245110 146580368.8 2626300 1 1988400 326800 311100
AXA FINL INC COMMON 00245110 46329956.25 830100 2 821300 0 8800
AXA FINL INC COMMON 00245110 2969225 53200 3 0 0 53200
ABBOTT LABS COMMON 00282410 89634459.75 2443188 1 1745000 244600 453588
ABBOTT LABS COMMON 00282410 56329987.5 1535400 2 1528800 0 6600
ABBOTT LABS COMMON 00282410 2744225 74800 3 0 0 74800
ABITIBI-CONSOLID COMMON 00392410 -566937.5 -47000 1 0 0 -47000
ADOBE SYSTEMS COMMON 00724F10 -56750 -500 1 1100 0 -1600
ADVANC MICRO DEV COMMON 00790310 -6998750 -407200 1 0 0 -407200
AETNA LIFE & CAS COMMON 00811710 -7958800 -161600 1 1700 0 -163300
AIR PRODUCTS COMMON 00915810 3963375 135500 1 98500 0 37000
AIR PRODUCTS COMMON 00915810 8775 300 2 300 0 0
AIRBORNE FREIGH COMMON 00926610 12266800 582400 1 391100 110200 81100
AIRBORNE FREIGH COMMON 00926610 3557456.25 168900 2 164400 0 4500
AIRBORNE FREIGH COMMON 00926610 358062.5 17000 3 0 0 17000
ALASKA AIR COMMON 01165910 36028781.25 885500 1 577700 117400 190400
ALASKA AIR COMMON 01165910 5085937.5 125000 2 120800 0 4200
ALASKA AIR COMMON 01165910 537075 13200 3 0 0 13200
ALBERTSONS INC COMMON 01310410 13080865.88 330638 1 306238 0 24400
ALBERTSONS INC COMMON 01310410 30277181.25 765300 2 765300 0 0
ALCAN ALUM LTD COMMON 01371610 -1509375 -48300 1 2500 0 -50800
ALCOA INC COMMON 01381710 924731.25 14900 1 14900 0 0
ALLIED SIGNAL COMMON 01951210 67753350 1130400 1 671900 391500 67000
ALLIED SIGNAL COMMON 01951210 26138743.75 436100 2 433500 0 2600
ALLIED SIGNAL COMMON 01951210 3476375 58000 3 0 0 58000
ALLIED WASTE IND COMMON 01958930 17672668.75 1512100 1 1171300 16900 323900
ALLIED WASTE IND COMMON 01958930 7381825 631600 2 631600 0 0
ALLIED WASTE IND COMMON 01958930 553987.5 47400 3 0 0 47400
ALLSTATE COMMON 02000210 13393931.25 537100 1 418600 0 118500
ALLSTATE COMMON 02000210 69825 2800 3 0 0 2800
ALLTEL CORP COMMON 02003910 4919212.5 69900 1 39600 240100 -209800
ALLTEL CORP COMMON 02003910 15341750 218000 2 0 218000 0
ALTERA CORP COMMON 02144110 2155737.5 49700 1 46100 3600 0
ALTERA CORP COMMON 02144110 39037.5 900 2 900 0 0
ALZA CORP DEL COMMON 02261510 -2740000 -64000 1 0 0 -64000
AMERADA HESS COMMON 02355110 257250 4200 1 4200 0 0
AMERADA HESS COMMON 02355110 128625 2100 2 2100 0 0
AMEREN CORP COMMON 02360810 73046187.5 1931800 1 1296200 230500 405100
AMEREN CORP COMMON 02360810 32272968.75 853500 2 842700 0 10800
AMEREN CORP COMMON 02360810 472656.25 12500 3 0 0 12500
AMERICA ONLINE I COMMON 02364J10 202453593.8 1945500 1 1366200 258400 320900
AMERICA ONLINE I COMMON 02364J10 145635468.8 1399500 2 1388200 0 11300
AMERICA ONLINE I COMMON 02364J10 10447875 100400 3 0 0 100400
AM ELEC PWR IN COMMON 02553710 -2999587.5 -87900 1 2100 0 -90000
AMER EXPRESS COMMON 02581610 36346590 269234 1 399400 0 -130166
AMER GENL CORP. COMMON 02635110 7267425 114900 1 50700 38600 25600
AMER GENL CORP. COMMON 02635110 88550 1400 2 1400 0 0
AMER GREETINGS COMMON 02637510 63036875.5 2448034 1 1253234 867900 326900
AMER GREETINGS COMMON 02637510 13657800 530400 2 334500 189600 6300
AMER GREETINGS COMMON 02637510 396550 15400 3 0 0 15400
AMER HOME PRODS COMMON 02660910 2029350 48900 1 156300 1400 -108800
AMER HOME PRODS COMMON 02660910 45650 1100 2 1100 0 0
AM INTNL GROUP COMMON 02687410 103163601.9 1186641 1 821489 141750 223402
AM INTNL GROUP COMMON 02687410 56117547.69 645493 2 634931 0 10562
AM INTNL GROUP COMMON 02687410 2382522.188 27405 3 0 0 27405
AMERITECH CORP COMMON 03095410 158444475 2373700 1 1599000 324800 449900
AMERITECH CORP COMMON 03095410 76849275 1151300 2 1137300 0 14000
AMERITECH CORP COMMON 03095410 4078425 61100 3 0 0 61100
AMGEN COMMON 03116210 129796900 1592600 1 1062100 227900 302600
AMGEN COMMON 03116210 25835500 317000 2 315900 0 1100
AMGEN COMMON 03116210 6063600 74400 3 0 0 74400
AMSOUTH BANCORP COMMON 03216510 80473828.13 3433550 1 2440900 257500 735150
AMSOUTH BANCORP COMMON 03216510 11641406.25 496700 2 470500 0 26200
AMSOUTH BANCORP COMMON 03216510 689062.5 29400 3 0 0 29400
ANADARKO PETE CO COMMON 03251110 2362481.25 77300 1 71900 5400 0
ANADARKO PETE CO COMMON 03251110 42787.5 1400 2 1400 0 0
ANALOG DEVICES COMMON 03265410 35060176.25 684101 1 445701 86800 151600
ANALOG DEVICES COMMON 03265410 21079125 411300 2 406800 0 4500
ANALOG DEVICES COMMON 03265410 1194125 23300 3 0 0 23300
ANHEUSER-BUSCH COMMON 03522910 131925935.9 1882975 1 1095475 510800 276700
ANHEUSER-BUSCH COMMON 03522910 73439512.5 1048200 2 810900 228300 9000
ANHEUSER-BUSCH COMMON 03522910 3790381.25 54100 3 0 0 54100
AON CORP COMMON 03738910 706543.75 23900 1 26300 1200 -3600
AON CORP COMMON 03738910 73906.25 2500 2 2500 0 0
APACHE CORP COMMON 03741110 47506.25 1100 1 1100 0 0
APARTMENT INVT & COMMON 03748R10 114750 3000 1 3000 0 0
APPLE COMPUTER COMMON 03783310 -4634475 -73200 1 1000 0 -74200
APPLIED MATLS COMMON 03822210 -38843.75 -500 1 4600 0 -5100
ARCHER-DAN-MIDLD COMMON 03948310 -2338003.125 -192825 1 6300 0 -199125
ARCHSTONE CMNTYS SBI 03958110 41475 2100 1 2100 0 0
ASHLAND INC COMMON 04420410 312712.5 9300 1 2100 0 7200
ASSOCIATES FIRST COMMON 04600810 89239536 2478876 1 1898956 133634 446286
ASSOCIATES FIRST COMMON 04600810 39256920 1090470 2 1078770 0 11700
ASSOCIATES FIRST COMMON 04600810 1984464 55124 3 0 0 55124
ATLANTIC RICH COMMON 04882510 129002550 1455600 1 1118000 197600 140000
ATLANTIC RICH COMMON 04882510 60025712.5 677300 2 663100 0 14200
ATLANTIC RICH COMMON 04882510 1967475 22200 3 0 0 22200
AUTOLIV INC COMMON 05280010 -101587.5 -2700 1 0 0 -2700
AUTOMATIC DATA COMMON 05301510 -2289262.5 -51300 1 5800 0 -57100
AVALONBAY CMNTYS COMMON 05348410 128725 3800 1 3800 0 0
AVALONBAY CMNTYS COMMON 05348410 6275174.375 185245 2 185245 0 0
AVERY DENNISON COMMON 05361110 31395006.5 595166 1 528700 5400 61066
AVERY DENNISON COMMON 05361110 31101400 589600 2 589100 0 500
AVERY DENNISON COMMON 05361110 474750 9000 3 0 0 9000
AVON PRODUCTS COMMON 05430310 36427231.25 1468100 1 1106700 131600 229800
AVON PRODUCTS COMMON 05430310 10225231.25 412100 2 410800 0 1300
AVON PRODUCTS COMMON 05430310 1156262.5 46600 3 0 0 46600
BB&T CORP COMMON 05493710 135975 4200 1 4200 0 0
BP AMOCO PLC ADR 05562210 39050989.88 352406 1 282300 1200 68906
BP AMOCO PLC ADR 05562210 36856237.5 332600 2 328000 0 4600
BP AMOCO PLC ADR 05562210 598387.5 5400 3 0 0 5400
BRE PROPERTIES SBI 05564E10 4715687.5 197000 2 197000 0 0
BMC SOFTWARE COMMON 05592110 178906.25 2500 1 2500 0 0
BAKER HUGHES INC COMMON 05722410 -3372700 -116300 1 3200 0 -119500
BALL CORP COMMON 05849810 8812.5 200 2 200 0 0
BANK OF AMERICA COMMON 06050510 162437151.9 2916941 1 1942051 471548 503342
BANK OF AMERICA COMMON 06050510 62297439.19 1118697 2 855400 255497 7800
BANK OF AMERICA COMMON 06050510 2741551.313 49231 3 0 0 49231
BK N YORK INC COMMON 06405710 50420406.25 1507900 1 1454100 1400 52400
BK N YORK INC COMMON 06405710 22824437.5 682600 2 679200 0 3400
BANK ONE CORP COMMON 06423A10 23026031.88 661430 1 259738 304968 96724
BANK ONE CORP COMMON 06423A10 11430057.75 328332 2 0 324432 3900
BANK ONE CORP COMMON 06423A10 59529.375 1710 3 0 0 1710
BARD CR INC COMMON 06738310 -3736762.5 -79400 1 0 0 -79400
BARRICK GOLD COR COMMON 06790110 123975 5700 1 5700 0 0
BAUSCH & LOMB COMMON 07170710 679156.25 10300 1 9700 600 0
BAUSCH & LOMB COMMON 07170710 32968.75 500 2 500 0 0
BAXTER INTERNL COMMON 07181310 50640125 840500 1 752500 73400 14600
BAXTER INTERNL COMMON 07181310 17291750 287000 2 286200 0 800
BAXTER INTERNL COMMON 07181310 277150 4600 3 0 0 4600
BECTN DICKSN &CO COMMON 07588710 120668.75 4300 1 10500 0 -6200
BECTN DICKSN &CO COMMON 07588710 8418.75 300 2 300 0 0
BELL ATLANTIC COMMON 07785310 68168984.25 1012724 1 781800 96300 134624
BELL ATLANTIC COMMON 07785310 27227906.25 404500 2 401900 0 2600
BELL ATLANTIC COMMON 07785310 2429981.25 36100 3 0 0 36100
BELLSOUTH COMMON 07986010 135893700 3019860 1 2025900 383100 610860
BELLSOUTH COMMON 07986010 40914000 909200 2 883000 0 26200
BELLSOUTH COMMON 07986010 2367000 52600 3 0 0 52600
BEMIS INC COMMON 08143710 -91462.5 -2700 1 0 0 -2700
BEST BUY INC COMMON 08651610 117800 1900 1 1900 0 0
BESTFOODS INC COMMON 08658U10 11426756.25 235300 1 238500 0 -3200
BETHLEHEM STEEL COMMON 08750910 -3039237.5 -412100 1 0 0 -412100
BIOGEN INC COMMON 09059710 10080118.75 127900 1 117500 1400 9000
BIOGEN INC COMMON 09059710 1544725 19600 2 17400 0 2200
BIOGEN INC COMMON 09059710 535925 6800 3 0 0 6800
BLACK & DECKER COMMON 09179710 132096268.8 2891300 1 2184400 348800 358100
BLACK & DECKER COMMON 09179710 58690162.5 1284600 2 1272700 0 11900
BLACK & DECKER COMMON 09179710 2713837.5 59400 3 0 0 59400
BLOCK H & R INC COMMON 09367110 73843.75 1700 1 1700 0 0
BOEING CO COMMON 09702310 -2834562.5 -66500 1 8900 0 -75400
BOISE CASCADE COMMON 09738310 7313006.25 200700 1 198700 2000 0
BOISE CASCADE COMMON 09738310 160325 4400 2 4400 0 0
BORG-WARNER AUTO COMMON 09972410 36773772 855204 1 583904 119600 151700
BORG-WARNER AUTO COMMON 09972410 15738000 366000 2 361600 0 4400
BORG-WARNER AUTO COMMON 09972410 460100 10700 3 0 0 10700
BOSTON PROPERTIE COMMON 10112110 30687.5 1000 1 1000 0 0
BOSTON SCIENTIFI COMMON 10113710 -2205225 -89100 1 4100 0 -93200
BOWATER INC COMMON 10218310 136500 2600 1 2600 0 0
BOYKIN LODGING C COMMON 10343010 46375 3500 1 3500 0 0
BRADLEY REAL EST SBI 10458010 1622512.5 88300 2 88300 0 0
BRANDYWINE RLTY SBI 10536820 1875250 115400 2 115400 0 0
BRINKER INTL COMMON 10964110 24697237.5 912600 1 690100 8900 213600
BRINKER INTL COMMON 10964110 175906.25 6500 2 6500 0 0
BRINKER INTL COMMON 10964110 140725 5200 3 0 0 5200
BRISTOL MYERS SQ COMMON 11012210 162474660 2407032 1 1665400 199000 542632
BRISTOL MYERS SQ COMMON 11012210 107061750 1586100 2 1575100 0 11000
BRISTOL MYERS SQ COMMON 11012210 6729750 99700 3 0 0 99700
BRITISH AIRWAYS ADR 11041930 -736912.5 -12900 1 0 0 -12900
BRITISH TELECOM ADR 11102140 -3641031.25 -23500 1 0 0 -23500
BRUNSWICK CORP COMMON 11704310 59700 2400 1 2400 0 0
BURLINGTON NORTH COMMON 12189T10 59592500 2167000 1 1816200 14100 336700
BURLINGTON NORTH COMMON 12189T10 2824250 102700 2 98500 0 4200
BURLINGTON NORTH COMMON 12189T10 1045000 38000 3 0 0 38000
BURLGTON RESOURC COMMON 12201410 73500 2000 1 2000 0 0
BURNHAM PAC PPTY COMMON 12232C10 1742812.5 165000 2 165000 0 0
CBS CORP COMMON 12490K10 283908585 6138564 1 4488264 690700 959600
CBS CORP COMMON 12490K10 110458875 2388300 2 2358100 0 30200
CBS CORP COMMON 12490K10 7108625 153700 3 0 0 153700
CIGNA CORP COMMON 12550910 -1249598 -16072 1 26800 0 -42872
CMS ENERGY COMMON 12589610 13958493.75 411300 1 60700 350600 0
CMS ENERGY COMMON 12589610 14481131.25 426700 2 200 426500 0
CMS ENERGY PRF CONVPREF 12589630 5027343.75 137500 1 137500 0 0
CONSOL FREIGHT COMMON 12612W10 2868250 77000 1 72300 4700 0
CONSOL FREIGHT COMMON 12612W10 55875 1500 2 1500 0 0
CSX CORP COMMON 12640810 -114412.5 -2700 1 2100 0 -4800
CVS TRACERS PRF PREFER 12664520 14834750 196000 1 196000 0 0
CVS CORP COMMON 12665010 -795843.75 -19500 1 8000 400 -27900
CVS CORP COMMON 12665010 36731.25 900 2 900 0 0
CABLETRON SYS COMMON 12692010 -4447406.25 -283500 1 0 0 -283500
CADENCE DESIGN COMMON 12738710 33277000 2488000 1 1934700 136400 416900
CADENCE DESIGN COMMON 12738710 8971950 670800 2 670800 0 0
CADENCE DESIGN COMMON 12738710 1100762.5 82300 3 0 0 82300
CAMDEN PROP TRUS SBI 13313110 86000 3200 1 3200 0 0
CAMDEN PROP TRUS SBI 13313110 3896875 145000 2 145000 0 0
CAMPBELL SOUP COMMON 13442910 -10512887.5 -268700 1 4100 0 -272800
CAPITAL ONE FINL COMMON 14040H10 -7113600 -182400 1 2200 0 -184600
CARDINAL HEALTH COMMON 14149Y10 121299124 2225672 1 1547822 141900 535950
CARDINAL HEALTH COMMON 14149Y10 4648850 85300 2 67100 0 18200
CARDINAL HEALTH COMMON 14149Y10 2482475 45550 3 0 0 45550
CARNIVAL CRUISE COMMON 14365810 243600 5600 1 5600 0 0
CAROL PWR & LT COMMON 14414110 -14150 -400 1 1900 0 -2300
CARRAMERICA RLTY COMMON 14441810 43875 2000 1 2000 0 0
CARRAMERICA RLTY COMMON 14441810 3071250 140000 2 140000 0 0
CASE CORP COMMON 14743R10 -5793193.75 -116300 1 0 0 -116300
CATELLUS DEV COMMON 14911110 3525000 300000 2 300000 0 0
CATERPILLAR INC COMMON 14912310 -5749831.25 -104900 1 3300 0 -108200
CENDANT CORP COMMON 15131310 142000 8000 1 8000 0 0
CENTERPOINT PPTY SBI 15189510 37125 1100 1 1100 0 0
CENTERPOINT PPTY SBI 15189510 1312875 38900 2 38900 0 0
CENTEX CORP COMMON 15231210 31806293.75 1075900 1 843300 131600 101000
CENTEX CORP COMMON 15231210 5338987.5 180600 2 175400 0 5200
CENTEX CORP COMMON 15231210 1008081.25 34100 3 0 0 34100
CENT & S W COMMON 15235710 15583912.5 737700 1 98800 632200 6700
CENT & S W COMMON 15235710 16226112.5 768100 2 0 768100 0
CERIDIAN CORP COMMON 15677T10 -691525 -27800 1 2600 0 -30400
CERIDIAN CORP COMMON 15677T10 14925 600 2 600 0 0
CHAMPION INTNL COMMON 15852510 -1967662.5 -38300 1 1400 0 -39700
CHARTER ONE COMMON 16090310 2481196.875 107295 1 68505 9495 29295
CHARTER ONE COMMON 16090310 155400 6720 2 6720 0 0
CHASE MANHATTAN COMMON 16161A10 73942875 981000 1 594700 285700 100600
CHASE MANHATTAN COMMON 16161A10 17223187.5 228500 2 7000 220000 1500
CHASE MANHATTAN COMMON 16161A10 1530112.5 20300 3 0 0 20300
CHATEAU CMNTYS I COMMON 16172610 46800 1800 1 1800 0 0
CHATEAU CMNTYS I COMMON 16172610 3640000 140000 2 140000 0 0
CHEVRON COMMON 16675110 28107125 316700 1 238200 24200 54300
CHEVRON COMMON 16675110 13791750 155400 2 153300 0 2100
CHEVRON COMMON 16675110 488125 5500 3 0 0 5500
CHIRON CORP COMMON 17004010 -4831468.75 -174500 1 0 0 -174500
CHUBB CORP COMMON 17123210 99250 2000 1 2000 0 0
CINERGY CORP COMMON 17247410 96262.5 3400 1 3400 0 0
CIRCUIT CITY ST COMMON 17273710 -2122031.25 -50300 1 6200 0 -56500
CIRCUIT CITY ST COMMON 17273710 33750 800 2 800 0 0
CISCO SYS COMMON 17275R10 313434017.3 4571508 1 3279508 568400 723600
CISCO SYS COMMON 17275R10 168375787.5 2455800 2 2430000 0 25800
CISCO SYS COMMON 17275R10 12361818.75 180300 3 0 0 180300
CITIGROUP INC COMMON 17296710 495617540 11264035 1 8441725 1101300 1721010
CITIGROUP INC COMMON 17296710 216935400 4930350 2 4881650 0 48700
CITIGROUP INC COMMON 17296710 11873400 269850 3 0 0 269850
CLAYTON HOMES COMMON 18419010 6392349.375 735810 1 580135 113025 42650
CLAYTON HOMES COMMON 18419010 1730332.813 199175 2 199175 0 0
CLAYTON HOMES COMMON 18419010 209038.625 24062 3 0 0 24062
CLEAR CHANNEL CO COMMON 18450210 142506984.4 1784125 1 1177525 274900 331700
CLEAR CHANNEL CO COMMON 18450210 76480312.5 957500 2 956700 0 800
CLEAR CHANNEL CO COMMON 18450210 5639175 70600 3 0 0 70600
CLOROX CO COMMON 18905410 6770250 177000 1 188300 800 -12100
CLOROX CO COMMON 18905410 68850 1800 3 0 0 1800
COASTAL CORP COMMON 19044110 94156.25 2300 1 2300 0 0
COCA-COLA COMMON 19121610 -19010500 -394000 1 22100 0 -416100
COKE ENT COMMON 19121910 -7247075 -321200 1 4100 0 -325300
COLGATE PL COMMON 19416210 3541050 77400 1 77000 0 400
COLTEC COMMON PR PREFER 19687840 -19998 165000 1 165000 0 0
COLUMBIA/HCA HEA COMMON 19767710 127125 6000 1 6000 0 0
COMCAST CORP COMMON 20030020 279125 7000 1 7000 0 0
COMERICA INC COMMON 20034010 104692145.6 2067993 1 1505350 157600 405043
COMERICA INC COMMON 20034010 50749031.25 1002450 2 988350 0 14100
COMERICA INC COMMON 20034010 2571750 50800 3 0 0 50800
COMPAQ COMPUTER COMMON 20449310 5375625 235000 1 74500 372900 -212400
COMPUTER ASSOC COMMON 20491210 87955757.63 1438949 1 1025838 221800 191311
COMPUTER ASSOC COMMON 20491210 51082162.5 835700 2 828700 0 7000
COMPUTER ASSOC COMMON 20491210 4119825 67400 3 0 0 67400
CMPTR SCIENCE CO COMMON 20536310 -1549265.625 -22034 1 4366 400 -26800
COMPUWARE CORP COMMON 20563810 91218.75 3500 1 3500 0 0
CONAGRA COMMON 20588710 10214495 452720 1 419400 0 33320
CONOCO INC COMMON 20825130 14676975 528900 1 419200 17600 92100
CONOCO INC COMMON 20825130 17254950 621800 2 621800 0 0
CONOCO INC COMMON 20825140 -890454 -32528 1 0 0 -32528
CONSECO INC COMMON 20846410 72200 3800 1 3800 0 0
CON EDISON COMMON 20911510 1008450 24300 1 2300 0 22000
CNSLDTD NAT GAS COMMON 20961510 106037.5 1700 1 1700 0 0
CONSOLIDAT PAPER COMMON 20975910 -671875 -25000 1 0 0 -25000
CONSTELLATION EN COMMON 21037110 56250 2000 1 2000 0 0
CONSTELLATION EN COMMON 21037110 28125 1000 2 1000 0 0
COOPER IND COMMON 21666910 -467500 -10000 1 2400 0 -12400
COOPER TIRE & R COMMON 21683110 12337.5 700 2 700 0 0
CORDANT TECHNOLO COMMON 21841210 3816862.5 125400 1 16500 108900 0
CORDANT TECHNOLO COMMON 21841210 3016356.25 99100 2 100 99000 0
CORNING INC COMMON 21935010 3064743.75 44700 1 43100 400 1200
COSTCO WHOLESALE COMMON 22160K10 -7200 -100 1 2500 0 -2600
COUSINS PPTYS IN COMMON 22279510 57693.75 1700 1 1700 0 0
COUSINS PPTYS IN COMMON 22279510 4072500 120000 2 120000 0 0
CRESCENT REAL ES COMMON 22575610 2880000 160000 2 160000 0 0
CUMMINS ENG INC COMMON 23102110 39850 800 1 800 0 0
DQE INC. COMMON 23329J10 3098700 79200 1 81800 800 -3400
DANA CORP COMMON 23581110 56729413.13 1528065 1 1036843 387300 103922
DANA CORP COMMON 23581110 35123962.5 946100 2 551000 395100 0
DANA CORP COMMON 23581110 282150 7600 3 0 0 7600
DANAHER CORP COMMON 23585110 70195556.25 1332300 1 1006200 247900 78200
DANAHER CORP COMMON 23585110 17112900 324800 2 313000 0 11800
DANAHER CORP COMMON 23585110 2444700 46400 3 0 0 46400
DARDEN RESTAURAN COMMON 23719410 62600 3200 1 3200 0 0
DARDEN RESTAURAN COMMON 23719410 1956.25 100 2 100 0 0
DAYTON-HUDSON COMMON 23975310 86130045.44 1434007 1 988175 156700 289132
DAYTON-HUDSON COMMON 23975310 58512887.5 974200 2 967600 0 6600
DAYTON-HUDSON COMMON 23975310 2714825 45200 3 0 0 45200
DEERE & CO. COMMON 24419910 -7559537.5 -195400 1 2300 0 -197700
DELL COMPUTER COMMON 24702510 100368272.1 2400437 1 1827537 294700 278200
DELL COMPUTER COMMON 24702510 83758800 2003200 2 1989600 0 13600
DELL COMPUTER COMMON 24702510 5272556.25 126100 3 0 0 126100
DELPHI AUTOMOTIV COMMON 24712610 96375 6000 1 6000 0 0
DELTA AIRLINES COMMON 24736110 16538354.5 340997 1 298897 22000 20100
DELTA AIRLINES COMMON 24736110 3448350 71100 2 71100 0 0
DELTA AIRLINES COMMON 24736110 48500 1000 3 0 0 1000
DELUXE CORP COMMON 24801910 57800 1700 1 1700 0 0
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QUALCOMM INC COMMON 74752510 264862.5 1400 1 1400 0 0
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REEBOK COMMON 75811010 -2428200 -227200 1 0 0 -227200
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REGENCY RLTY COR COMMON 75893910 2788800 132800 2 132800 0 0
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REUTERS GROUP PL ADR 76132M10 55100 800 1 0 0 800
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SCI SYS INC COMMON 78389010 1786387.5 40200 1 28400 6400 5400
SCI SYS INC COMMON 78389010 4488187.5 101000 2 101000 0 0
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SAFECO CORP COMMON 78642910 -190400 -6800 1 2100 0 -8900
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ST JUDE MED INC COMMON 79084910 -242550 -7700 1 0 0 -7700
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SEPRACOR INC COMMON 81731510 -460550 -6100 1 0 0 -6100
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SMTHKL BEECH ADR ADR 83237830 -1573162.5 -27300 1 0 0 -27300
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SOLECTRON CORP COMMON 83418210 -4165125 -58000 1 2600 0 -60600
SOLUTIA INC COMMON 83437610 29474087.5 1648900 1 1178900 179500 290500
SOLUTIA INC COMMON 83437610 8122400 454400 2 441900 0 12500
SOLUTIA INC COMMON 83437610 103675 5800 3 0 0 5800
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SPIEKER PPTYS IN COMMON 84849710 5692218.75 164100 2 164100 0 0
SPRINT (NEW) COMMON 85206110 1638350 30200 1 81100 1500 -52400
SPRINT (NEW) COMMON 85206110 7812000 144000 2 142000 0 2000
SPRINT (NEW) COMMON 85206110 54250 1000 3 0 0 1000
SPRINT PRF 8.25% CONVPREF 85206140 5967500 77000 1 77000 0 0
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SPRINT PCS GRP COMMON 85206150 43932225 589200 2 586600 0 2600
SPRINT PCS GRP COMMON 85206150 648693.75 8700 3 0 0 8700
STAPLES, INC COMMON 85503010 5989712.5 274600 1 269700 3900 1000
STATE STR CORP COMMON 85747710 -5719312.5 -88500 1 2200 0 -90700
STORAGE USA INC COMMON 86190710 27500 1000 1 1000 0 0
STORAGE USA INC COMMON 86190710 2741750 99700 2 99700 0 0
SUN COMMUNITIES COMMON 86667410 2975625 90000 2 90000 0 0
SUN MICROSYSTEMS COMMON 86681010 -11587800 -124600 1 7400 0 -132000
SUNOCO, INC COMMON 86764P10 10689937.5 390500 1 367000 0 23500
SUNOCO, INC COMMON 86764P10 172462.5 6300 3 0 0 6300
SUNTRUST BANKS COMMON 86791410 4352650 66200 1 52600 600 13000
SUPERVALU INC COMMON 86853610 143406.25 6500 1 6500 0 0
SUPERVALU INC COMMON 86853610 13237.5 600 2 600 0 0
SYBASE COMMON 87113010 -1481287.5 -125400 1 0 0 -125400
SYSCO CORP COMMON 87182910 5641556.25 160900 1 41300 116200 3400
SYSCO CORP COMMON 87182910 35062.5 1000 2 1000 0 0
TJX COS, INC COMMON 87254010 64448337.5 2296600 1 1722700 230400 343500
TJX COS, INC COMMON 87254010 48629506.25 1732900 2 1718400 0 14500
TJX COS, INC COMMON 87254010 2121525 75600 3 0 0 75600
TRW INC COMMON 87264910 69650 1400 1 1400 0 0
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TENET HEALTHCARE COMMON 88033G10 -2667743.75 -151900 1 3500 0 -155400
TENNECO INC NEW COMMON 88037E10 45900 2700 1 2700 0 0
TERADYNE COMMON 88077010 42074400 1193600 1 886200 32800 274600
TERADYNE COMMON 88077010 31509975 893900 2 893300 0 600
TERADYNE COMMON 88077010 1410000 40000 3 0 0 40000
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TEXACO COMMON 88169410 1382437.5 21900 3 0 0 21900
TEXAS INSTRUMENT COMMON 88250810 100016000 1216000 1 1106500 2500 107000
TEXAS INSTRUMENT COMMON 88250810 55329575 672700 2 668400 0 4300
TEXAS INSTRUMENT COMMON 88250810 2928100 35600 3 0 0 35600
TEXAS UTILITIES COMMON 88284810 -768637.5 -20600 1 3100 0 -23700
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TEXTRON COMMON 88320310 51438900 664800 2 452400 206700 5700
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THOMAS & BETTS COMMON 88431510 45900 900 3 0 0 900
3COM CORP COMMON 88553510 106375 3700 1 3700 0 0
TIME WARNER INC COMMON 88731510 236729202.8 3896777 1 2841800 563100 491877
TIME WARNER INC COMMON 88731510 132532200 2181600 2 2154300 0 27300
TIME WARNER INC COMMON 88731510 7040925 115900 3 0 0 115900
TIMES MIRROR COMMON 88736410 78975 1200 1 1200 0 0
TORCHMARK CORP COMMON 89102710 566662.5 21900 1 21900 0 0
TORCHMARK CORP COMMON 89102710 41400 1600 2 1600 0 0
TOYS "R" US COMMON 89233510 130500 8700 1 8700 0 0
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TRICON GLOBAL RE COMMON 89595310 73687.5 1800 1 1800 0 0
TRIBUNE CO COMMON 89604710 -6218750 -125000 1 2600 0 -127600
TYCO INTL LTD COMMON 90212410 323328201 3131508 1 2319800 339300 472408
TYCO INTL LTD COMMON 90212410 155979775 1510700 2 1494500 0 16200
TYCO INTL LTD COMMON 90212410 9024050 87400 3 0 0 87400
UAL CORP COMMON 90254950 104318627.2 1597223 1 1299123 148900 149200
UAL CORP COMMON 90254950 46776812.5 716200 2 708100 0 8100
UAL CORP COMMON 90254950 2090000 32000 3 0 0 32000
USX-MARATHON OIL COMMON 90290582 24891750 851000 1 395600 336500 118900
USX-MARATHON OIL COMMON 90290582 17468100 597200 2 597200 0 0
USX-MARATHON OIL COMMON 90290582 160875 5500 3 0 0 5500
UST, INC COMMON 90291110 73705800 2441600 1 1612600 613500 215500
UST, INC COMMON 90291110 31298400 1036800 2 1031600 0 5200
UST, INC COMMON 90291110 1693518.75 56100 3 0 0 56100
US BANCORP DEL COMMON 90297310 6608043.75 218900 1 218900 0 0
USX-U S STEEL COMMON 90337T10 -20600 -800 1 1600 0 -2400
UNIFI INC COMMON 90467710 -2289100 -208100 1 0 0 -208100
UNILEVER N.V. ADR 90478470 -9913890.625 -145525 1 5000 0 -150525
UNICOM CORP COMMON 90491110 132975 3600 1 3600 0 0
UNICOM CORP COMMON 90491110 36937.5 1000 2 1000 0 0
UN CARBIDE COMMON 90558110 -4493868.75 -79100 1 1400 0 -80500
UNION PACIFIC COMMON 90781810 4748575 98800 1 60800 4500 33500
UNION PAC 144A CONVPREF 90782420 -19998 219000 1 219000 0 0
UNION PAC REG CONVPREF 90782440 -19998 27000 1 27000 0 0
UNION PAC RES GR COMMON 90783410 102375 6300 1 6300 0 0
UNISYS CORP COMMON 90921410 3614512.5 80100 1 80100 0 0
UNITED HEALTHCAR COMMON 91058110 296993.75 6100 1 6100 0 0
USAIR GROUP COMMON 91190510 6675375 254300 1 219500 2100 32700
USAIR GROUP COMMON 91190510 36750 1400 2 1400 0 0
U S WEST INC NEW COMMON 91273H10 29683912.5 520200 1 235000 254800 30400
U S WEST INC NEW COMMON 91273H10 16679368.75 292300 2 2600 289500 200
U S WEST INC NEW COMMON 91273H10 68475 1200 3 0 0 1200
UNITD TECHNOLOGI COMMON 91301710 330497850.3 5572145 1 4327075 520979 724091
UNITD TECHNOLOGI COMMON 91301710 154924250 2612000 2 2593200 0 18800
UNITD TECHNOLOGI COMMON 91301710 8468757.375 142782 3 0 0 142782
UNIVERSAL CORP COMMON 91345610 30163925 1154600 1 1145500 2600 6500
UNIVERSAL CORP COMMON 91345610 10450 400 2 400 0 0
UNIV FOODS CORP COMMON 91353810 28414516.25 1238780 1 1197280 1600 39900
UNIV FOODS CORP COMMON 91353810 20478600 892800 2 889600 0 3200
UNIV FOODS CORP COMMON 91353810 89456.25 3900 3 0 0 3900
UNIVERSAL HEALTH COMMON 91390310 2207137.5 85300 1 82400 0 2900
UNIVERSAL HEALTH COMMON 91390310 186300 7200 3 0 0 7200
UNOCAL COMMON 91528910 -693068.75 -18700 1 3500 0 -22200
UNOCAL 144A CONVPREF 91528T20 -19998 274664 1 274664 0 0
UNUM CORP COMMON 91529Y10 406237.5 13800 1 13800 0 0
UNUM CORP COMMON 91529Y10 41212.5 1400 2 0 0 1400
V F CORP COMMON 91820410 976500 31500 1 30000 0 1500
VIACOM INC COMMON 92552430 24990537 591492 1 483600 2000 105892
VIACOM INC COMMON 92552430 650650 15400 3 0 0 15400
VIAD CORP COMMON 92552R10 4274550 144900 1 112700 1800 30400
VIAD CORP COMMON 92552R10 70800 2400 2 2400 0 0
VIAD CORP COMMON 92552R10 324500 11000 3 0 0 11000
VISX COMMON 92844S10 -102821.875 -1300 1 0 0 -1300
VORNADO RLTY TR SBI 92904210 113750 3500 1 3500 0 0
VORNADO RLTY TR SBI 92904210 3575000 110000 2 110000 0 0
WPP GROUP ADS ADR 92930930 2232000 24000 1 22600 500 900
WPP GROUP ADS ADR 92930930 27900 300 2 300 0 0
WACHOVIA CORP COMMON 92977110 -6447250 -82000 1 2200 0 -84200
WAL-MART STORES COMMON 93114210 134717547 2832432 1 1902400 503000 427032
WAL-MART STORES COMMON 93114210 82592281.25 1736500 2 1710200 0 26300
WAL-MART STORES COMMON 93114210 6321056.25 132900 3 0 0 132900
WALGREEN CO COMMON 93142210 -8812737.5 -347300 1 9600 0 -356900
WARNER-LAMBERT COMMON 93448810 108974475 1641800 1 1327900 148400 165500
WARNER-LAMBERT COMMON 93448810 130267575 1962600 2 1943600 0 19000
WARNER-LAMBERT COMMON 93448810 4500225 67800 3 0 0 67800
WASHINGTON MUT I COMMON 93932210 12739545 435540 1 114540 439500 -118500
WASHINGTON MUT I COMMON 93932210 14078025 481300 2 600 480700 0
WASHINGTON MUT I COMMON 93932210 96525 3300 3 0 0 3300
WASH REAL ESTAT SBI 93965310 94500 6000 1 6000 0 0
WASTE MANAGEMENT COMMON 94106L10 9483223.75 492635 1 150580 340755 1300
WASTE MANAGEMENT COMMON 94106L10 7261754.5 377234 2 0 377234 0
WATERS CORP COMMON 94184810 72675 1200 1 0 1200 0
WEBB DEL E CORP COMMON 94742310 12782000 581000 1 477900 3600 99500
WEBB DEL E CORP COMMON 94742310 187000 8500 2 8500 0 0
WEBB DEL E CORP COMMON 94742310 255200 11600 3 0 0 11600
WELLPOINT HEALTH COMMON 94973H10 -404700 -7100 1 0 0 -7100
WELLPOINT HEALTH COMMON 94973H10 28500 500 2 500 0 0
WELLS FARGO COMMON 94974610 199354167.5 5031020 1 3871400 638900 520720
WELLS FARGO COMMON 94974610 71313112.5 1799700 2 1785300 0 14400
WELLS FARGO COMMON 94974610 3451337.5 87100 3 0 0 87100
WENDYS FING I CONVPREF 95058820 4717750 83500 1 83500 0 0
WENDYS INTL INC COMMON 95059010 13075100 493400 1 105200 388200 0
WENDYS INTL INC COMMON 95059010 11869350 447900 2 0 447900 0
WESTPOINT STEVEN COMMON 96123810 12126712.5 513300 1 297800 115900 99600
WESTPOINT STEVEN COMMON 96123810 23625 1000 2 1000 0 0
WESTVACO COMMON 96154810 24148026.25 942362 1 942362 0 0
WEYERHAEUSER COMMON 96216610 3157850 54800 1 54800 0 0
WHIRLPOOL COMMON 96332010 -1090718.75 -16700 1 1300 0 -18000
WHIRLPOOL COMMON 96332010 13062.5 200 2 200 0 0
WILLAMETTE COMMON 96913310 6727500 156000 1 108500 43200 4300
WILLAMETTE COMMON 96913310 77625 1800 2 1800 0 0
WILLIAMS CO COMMON 96945710 -5899600 -156800 1 4100 0 -160900
WINN-DIXIE COMMON 97428010 47500 1600 1 1600 0 0
WISCONSIN ENERGY COMMON 97665710 14062.5 600 2 600 0 0
WORTHINGTON IND COMMON 98181110 11900 700 2 700 0 0
WRIGLEY WM JR CO COMMON 98252610 82575 1200 1 1200 0 0
XILINX COMMON 98391910 -45871.875 -700 1 13700 1000 -15400
XEROX COMMON 98412110 6680643.75 159300 1 42800 272200 -155700
XEROX COMMON 98412110 12094775 288400 2 0 288400 0
DAIMLERCHRYSLER COMMON D1668R12 -16699718.75 -240500 1 0 0 -240500
PARTNERRE LTD COMMON G6852T10 3989300 114800 1 113000 1800 0
PARTNERRE LTD COMMON G6852T10 5448800 156800 2 156800 0 0
TOMMY HILFIGER COMMON G8915Z10 72495431.25 2571900 1 2144200 171700 256000
TOMMY HILFIGER COMMON G8915Z10 36237850 1285600 2 1266400 0 19200
TOMMY HILFIGER COMMON G8915Z10 1324812.5 47000 3 0 0 47000
XL CAP LTD COMMON G9825510 34940565 776457 1 735157 7200 34100
XL CAP LTD COMMON G9825510 6381000 141800 2 141800 0 0
XL CAP LTD COMMON G9825510 72000 1600 3 0 0 1600
</TABLE)
<PAGE>
Form 13F Summary Page
Grand Total Equity Market: $ 23,188,956,214
List of other included managers: 0
No. 13F File Number
01 28-1714 Independence Investment Associates, Inc.
<PAGE>
</TABLE>
