United States Securities and Exchange Commission
Washington, DC 20549
Form 13F
Form 13 F Cover Page
Report for the quarter ended: June 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
AES CORP COMMON 00130H10 120000 2000 1 2000 0 0
AK STL HLDG CORP COMMON 00154710 12427425 550800 1 347800 144800 58200
AMB PROPERTY COR COMMON 00163T10 47250 2100 1 2100 0 0
AMB PROPERTY COR COMMON 00163T10 2700000 120000 2 120000 0 0
AMLI RESIDENTIAL SBI 00173510 43125 2000 1 2000 0 0
AMLI RESIDENTIAL SBI 00173510 1438219 66700 2 66700 0 0
AMR CORP COMMON 00176510 -1.1E+07 -164900 1 1600 0 -166500
A T & T COMMON 00195710 1.3E+08 2497625 1 1840784 205200 451641
A T & T COMMON 00195710 81919650 1571600 2 1560000 0 11600
A T & T COMMON 00195710 1159781 22250 3 0 0 22250
ABBOTT LABS COMMON 00282410 1.07E+08 2494888 1 1676800 244600 573488
ABBOTT LABS COMMON 00282410 68652769 1598900 2 1592300 0 6600
ABBOTT LABS COMMON 00282410 3048563 71000 3 0 0 71000
ABITIBI-CONSOLID COMMON 00392410 -646875 -57500 1 0 0 -57500
ADOBE SYSTEMS COMMON 00724F10 1963675 22900 1 21400 600 900
ADVANC MICRO DEV COMMON 00790310 -7026450 -404400 1 0 0 -404400
AETNA LIFE & CAS COMMON 00811710 -1.4E+07 -165500 1 1700 0 -167200
AIR PRODUCTS COMMON 00915810 5931813 177400 1 123800 0 53600
AIR PRODUCTS COMMON 00915810 10506063 314200 2 314200 0 0
AIRBORNE FREIGH COMMON 00926610 18164475 728400 1 494800 109800 123800
AIRBORNE FREIGH COMMON 00926610 4219425 169200 2 164100 0 5100
AIRBORNE FREIGH COMMON 00926610 346631.3 13900 3 0 0 13900
ALASKA AIR COMMON 01165910 41503938 935300 1 591100 117800 226400
ALASKA AIR COMMON 01165910 5524688 124500 2 120300 0 4200
ALASKA AIR COMMON 01165910 847562.5 19100 3 0 0 19100
ALBERTSONS INC COMMON 01310410 20797391 418038 1 386638 0 31400
ALBERTSONS INC COMMON 01310410 38073675 765300 2 765300 0 0
ALCAN ALUM LTD COMMON 01371610 -1536375 -51000 1 2400 0 -53400
ALCOA INC COMMON 01381710 -35925 -600 1 4000 0 -4600
ALLIED SIGNAL COMMON 01951210 77036344 1190900 1 846800 293400 50700
ALLIED SIGNAL COMMON 01951210 13849594 214100 2 212200 0 1900
ALLIED SIGNAL COMMON 01951210 1138500 17600 3 0 0 17600
ALLIED WASTE IND COMMON 01958930 28639013 1596600 1 1187300 14800 394500
ALLIED WASTE IND COMMON 01958930 11736506 654300 2 654300 0 0
ALLIED WASTE IND COMMON 01958930 850237.5 47400 3 0 0 47400
ALLSTATE COMMON 02000210 43840125 1230600 1 961600 10200 258800
ALLSTATE COMMON 02000210 10972500 308000 2 308000 0 0
ALLSTATE COMMON 02000210 666187.5 18700 3 0 0 18700
ALLTEL CORP COMMON 02003910 4459556 62100 1 39500 240100 -217500
ALLTEL CORP COMMON 02003910 19030313 265000 2 0 265000 0
ALTERA CORP COMMON 02144110 532875 14700 1 13800 900 0
ALZA CORP DEL COMMON 02261510 -3714750 -76200 1 0 0 -76200
AMERADA HESS COMMON 02355110 -2639763 -44600 1 1200 0 -45800
AMEREN CORP COMMON 02360810 80015050 2038600 1 1276300 238000 524300
AMEREN CORP COMMON 02360810 33476325 852900 2 842000 0 10900
AMEREN CORP COMMON 02360810 184475 4700 3 0 0 4700
AMERICA ONLINE I COMMON 02364J10 1.79E+08 1842700 1 1221200 243300 378200
AMERICA ONLINE I COMMON 02364J10 92997188 957500 2 947100 0 10400
AMERICA ONLINE I COMMON 02364J10 7566038 77900 3 0 0 77900
AM ELEC PWR IN COMMON 02553710 -3219125 -91000 1 2100 0 -93100
AMER EXPRESS COMMON 02581610 40188230 305034 1 445500 0 -140466
AMER EXPRESS COMMON 02581610 447950 3400 3 0 0 3400
AMER GENL CORP. COMMON 02635110 193437.5 2500 1 2500 0 0
AMER GREETINGS COMMON 02637510 61241999 2084834 1 1046600 717000 321234
AMER GREETINGS COMMON 02637510 15483563 527100 2 332500 189600 5000
AMER GREETINGS COMMON 02637510 452375 15400 3 0 0 15400
AMER HOME PRODS COMMON 02660910 -1.5E+07 -296500 1 12000 0 -308500
AM INTNL GROUP COMMON 02687410 1.28E+08 1098213 1 739430 113400 245383
AM INTNL GROUP COMMON 02687410 73248747 630775 2 622325 0 8450
AM INTNL GROUP COMMON 02687410 1547366 13325 3 0 0 13325
AMERITECH CORP COMMON 03095410 1.8E+08 2477000 1 1572600 323500 580900
AMERITECH CORP COMMON 03095410 83505500 1151800 2 1136900 0 14900
AMERITECH CORP COMMON 03095410 3748250 51700 3 0 0 51700
AMGEN COMMON 03116210 1.18E+08 1533300 1 1004000 225100 304200
AMGEN COMMON 03116210 23370000 304000 2 298200 0 5800
AMGEN COMMON 03116210 4182000 54400 3 0 0 54400
AMSOUTH BANCORP COMMON 03216510 42932944 1876850 1 1079700 216100 581050
AMSOUTH BANCORP COMMON 03216510 523837.5 22900 2 4500 0 18400
AMSOUTH BANCORP COMMON 03216510 221887.5 9700 3 0 0 9700
ANADARKO PETE CO COMMON 03251110 1214363 31800 1 30200 1600 0
ANALOG DEVICES COMMON 03265410 22882168 530601 1 311901 70500 148200
ANALOG DEVICES COMMON 03265410 1004813 23300 3 0 0 23300
ANHEUSER-BUSCH COMMON 03522910 1.58E+08 1998953 1 1083675 509900 405378
ANHEUSER-BUSCH COMMON 03522910 88244231 1117900 2 845600 263300 9000
ANHEUSER-BUSCH COMMON 03522910 3773213 47800 3 0 0 47800
AON CORP COMMON 03738910 -50540.6 -1350 1 6300 0 -7650
APARTMENT INVT & COMMON 03748R10 122437.5 3000 1 3000 0 0
APPLE COMPUTER COMMON 03783310 -952256 -17100 1 0 0 -17100
APPLIED MATLS COMMON 03822210 10438131 145100 1 142500 500 2100
APPLIED MATLS COMMON 03822210 40414488 561800 2 560600 0 1200
ARCHER-DAN-MIDLD COMMON 03948310 -3395175 -243600 1 6000 0 -249600
ARCHSTONE CMNTYS SBI 03958110 45281.25 2100 1 2100 0 0
ASHLAND INC COMMON 04420410 399000 10500 1 3300 0 7200
ASSOCIATES FIRST COMMON 04600810 1.14E+08 2978566 1 2320040 132386 526140
ASSOCIATES FIRST COMMON 04600810 41724994 1089070 2 1077370 0 11700
ASSOCIATES FIRST COMMON 04600810 1835169 47900 3 0 0 47900
ATLANTIC RICH COMMON 04882510 306000 3400 1 3400 0 0
AUTODESK COMMON 05276910 7767150 293100 1 219000 2300 71800
AUTOLIV INC COMMON 05280010 -95850 -2700 1 0 0 -2700
AUTOMATIC DATA COMMON 05301510 -2135331 -53300 1 5800 0 -59100
AVALONBAY CMNTYS COMMON 05348410 135750 4000 1 4000 0 0
AVALONBAY CMNTYS COMMON 05348410 6286752 185245 2 185245 0 0
AVERY DENNISON COMMON 05361110 34146963 556366 1 482700 3300 70366
AVERY DENNISON COMMON 05361110 28005413 456300 2 456300 0 0
AVERY DENNISON COMMON 05361110 128887.5 2100 3 0 0 2100
AVON PRODUCTS COMMON 05430310 48430200 1064400 1 688700 129200 246500
AVON PRODUCTS COMMON 05430310 18627700 409400 2 409400 0 0
AVON PRODUCTS COMMON 05430310 1915550 42100 3 0 0 42100
BB&T CORP COMMON 05493710 148050 4200 1 4200 0 0
BP AMOCO PLC ADR 05562210 88482845 763606 1 600400 6500 156706
BP AMOCO PLC ADR 05562210 51008175 440200 2 435600 0 4600
BP AMOCO PLC ADR 05562210 1819238 15700 3 0 0 15700
BRE PROPERTIES SBI 05564E10 5653125 225000 2 225000 0 0
BMC SOFTWARE COMMON 05592110 134687.5 2500 1 2500 0 0
BAKER HUGHES INC COMMON 05722410 -3864188 -111000 1 3100 0 -114100
BANK OF AMERICA COMMON 06050510 2.57E+08 3868401 1 2731919 470448 666034
BANK OF AMERICA COMMON 06050510 78723671 1186044 2 920947 255497 9600
BANK OF AMERICA COMMON 06050510 2276663 34300 3 0 0 34300
BK N YORK INC COMMON 06405710 57430425 1554800 1 1505000 1600 48200
BK N YORK INC COMMON 06405710 25213538 682600 2 679200 0 3400
BANK ONE CORP COMMON 06423A10 62493923 1145364 1 694574 314164 136626
BANK ONE CORP COMMON 06423A10 42000467 769768 2 441436 324432 3900
BANK ONE CORP COMMON 06423A10 93301.88 1710 3 0 0 1710
BARD CR INC COMMON 06738310 -4760388 -97900 1 0 0 -97900
BARRICK GOLD COR COMMON 06790110 105806.3 5700 1 5700 0 0
BAUSCH & LOMB COMMON 07170710 1687594 23500 1 22900 600 0
BAXTER INTERNL COMMON 07181310 45196375 658000 1 572500 70800 14700
BECTN DICKSN &CO COMMON 07588710 172856.3 6300 1 12500 0 -6200
BELL ATLANTIC COMMON 07785310 90791936 1418624 1 1063600 100100 254924
BELL ATLANTIC COMMON 07785310 72608000 1134500 2 1129200 0 5300
BELL ATLANTIC COMMON 07785310 1772800 27700 3 0 0 27700
BELLSOUTH COMMON 07986010 1.84E+08 3831868 1 2380300 541500 910068
BELLSOUTH COMMON 07986010 71843825 1494800 2 1468600 0 26200
BELLSOUTH COMMON 07986010 2307000 48000 3 0 0 48000
BEMIS INC COMMON 08143710 -99900 -2700 1 0 0 -2700
BESTFOODS INC COMMON 08658U10 11417250 234200 1 238500 0 -4300
BETHLEHEM STEEL COMMON 08750910 -2903150 -374600 1 0 0 -374600
BIOGEN INC COMMON 09059710 25584488 371800 1 319100 2200 50500
BIOGEN INC COMMON 09059710 17340750 252000 2 247300 0 4700
BIOGEN INC COMMON 09059710 3020869 43900 3 0 0 43900
BLACK & DECKER COMMON 09179710 1.62E+08 2804421 1 2073300 346400 384721
BLACK & DECKER COMMON 09179710 74189963 1281900 2 1270000 0 11900
BLACK & DECKER COMMON 09179710 2453900 42400 3 0 0 42400
BLOCK H & R INC COMMON 09367110 92862.5 1700 1 1700 0 0
BOEING CO COMMON 09702310 -3180788 -70100 1 8800 0 -78900
BOISE CASCADE COMMON 09738310 4836000 124800 1 124800 0 0
BORG-WARNER AUTO COMMON 09972410 45645072 898304 1 591600 119600 187104
BORG-WARNER AUTO COMMON 09972410 18597375 366000 2 361600 0 4400
BORG-WARNER AUTO COMMON 09972410 447150 8800 3 0 0 8800
BOSTON PROPERTIE COMMON 10112110 34250 1000 1 1000 0 0
BOSTON SCIENTIFI COMMON 10113710 7114663 175400 1 158000 60900 -43500
BOSTON SCIENTIFI COMMON 10113710 8733106 215300 2 215300 0 0
BOWATER INC COMMON 10218310 -4865550 -97800 1 0 0 -97800
BOYKIN LODGING C COMMON 10343010 47687.5 3500 1 3500 0 0
BRADLEY REAL EST SBI 10458010 3100000 160000 2 160000 0 0
BRANDYWINE RLTY SBI 10536820 3550625 190000 2 190000 0 0
BRINKER INT'L COMMON 10964110 8463650 301600 1 163800 0 137800
BRISTOL MYERS SQ COMMON 11012210 1.62E+08 2433532 1 1677100 195500 560932
BRISTOL MYERS SQ COMMON 11012210 1.05E+08 1584100 2 1573100 0 11000
BRISTOL MYERS SQ COMMON 11012210 5732300 86200 3 0 0 86200
BRITISH TELECOM ADR 11102140 -5104000 -29000 1 0 0 -29000
BRUNSWICK CORP COMMON 11704310 68437.5 2500 1 2500 0 0
BURLINGTON INDUS COMMON 12169310 -89493.8 -12900 1 0 0 -12900
BURLINGTON NORTH COMMON 12189T10 90668800 2833400 1 2237800 18000 577600
BURLINGTON NORTH COMMON 12189T10 37737600 1179300 2 1169800 0 9500
BURLINGTON NORTH COMMON 12189T10 1235200 38600 3 0 0 38600
BURLGTON RESOURC COMMON 12201410 79537.5 1800 1 1800 0 0
BURNHAM PAC PPTY COMMON 12232C10 2083125 165000 2 165000 0 0
CBS CORP COMMON 12490K10 2.77E+08 6308064 1 4493600 687500 1126964
CBS CORP COMMON 12490K10 1.16E+08 2638300 2 2608600 0 29700
CBS CORP COMMON 12490K10 5870050 133600 3 0 0 133600
CIGNA CORP COMMON 12550910 59731863 677328 1 699000 0 -21672
CMS ENERGY COMMON 12589610 15372338 411300 1 60700 350600 0
CMS ENERGY COMMON 12589610 15940438 426500 2 0 426500 0
CMS ENERGY PRF CONVPREF12589630 5328125 137500 1 137500 0 0
CSX CORP COMMON 12640810 -164688 -3400 1 2100 0 -5500
CVS TRACERS PRF PREFER 12664520 17529750 196000 1 196000 0 0
CVS CORP COMMON 12665010 -3328275 -66900 1 4000 0 -70900
CABLETRON SYS COMMON 12692010 -4072300 -337600 1 0 0 -337600
CADENCE DESIGN COMMON 12738710 40771250 3860000 1 2740300 467700 652000
CADENCE DESIGN COMMON 12738710 7053638 667800 2 667800 0 0
CADENCE DESIGN COMMON 12738710 772118.8 73100 3 0 0 73100
CAMDEN PROP TRUS SBI 13313110 4078125 145000 2 145000 0 0
CAMPBELL SOUP COMMON 13442910 -1.2E+07 -263700 1 4100 0 -267800
CAPITAL ONE FINL COMMON 14040H10 -1.2E+07 -268500 1 2200 0 -270700
CARDINAL HEALTH COMMON 14149Y10 2.39E+08 3508147 1 2458797 329400 719950
CARDINAL HEALTH COMMON 14149Y10 1.3E+08 1904900 2 1886700 0 18200
CARDINAL HEALTH COMMON 14149Y10 7388063 108250 3 0 0 108250
CARNIVAL CRUISE COMMON 14365810 260050 5600 1 5600 0 0
CAROL PWR & LT COMMON 14414110 -3158400 -76800 1 1700 0 -78500
CARRAMERICA RLTY COMMON 14441810 48250 2000 1 2000 0 0
CARRAMERICA RLTY COMMON 14441810 3377500 140000 2 140000 0 0
CASE CORP COMMON 14743R10 -5538788 -116300 1 0 0 -116300
CATELLUS DEV COMMON 14911110 4762500 300000 2 300000 0 0
CATERPILLAR INC COMMON 14912310 -158288 -2700 1 3300 0 -6000
CENDANT CORP COMMON 15131310 161000 8000 1 8000 0 0
CENTER TR INC COMMON 15184510 32443.75 2900 1 2900 0 0
CENTERPOINT PPTY SBI 15189510 39325 1100 1 1100 0 0
CENTEX CORP COMMON 15231210 37706419 1119300 1 827600 130900 160800
CENTEX CORP COMMON 15231210 6026694 178900 2 173700 0 5200
CENTEX CORP COMMON 15231210 976937.5 29000 3 0 0 29000
CENT & S W COMMON 15235710 15717969 737500 1 98600 632200 6700
CENT & S W COMMON 15235710 16370131 768100 2 0 768100 0
CERIDIAN CORP COMMON 15677T10 -778400 -27800 1 2600 0 -30400
CHAMPION INTNL COMMON 15852510 -2095875 -40500 1 1400 0 -41900
CHARTER ONE COMMON 16090310 2416725 93400 1 63600 1900 27900
CHASE MANHATTAN COMMON 16161A10 1.51E+08 1961100 1 1143800 435100 382200
CHASE MANHATTAN COMMON 16161A10 96844444 1256700 2 1027600 220000 9100
CHASE MANHATTAN COMMON 16161A10 1078875 14000 3 0 0 14000
CHATEAU CMNTYS I COMMON 16172610 50625 1800 1 1800 0 0
CHATEAU CMNTYS I COMMON 16172610 3937500 140000 2 140000 0 0
CHEVRON COMMON 16675110 18797500 206000 1 149600 22300 34100
CHEVRON COMMON 16675110 63875 700 2 0 0 700
CHEVRON COMMON 16675110 155125 1700 3 0 0 1700
CHIRON CORP COMMON 17004010 32581.25 1300 1 1300 0 0
CHUBB CORP COMMON 17123210 119625 2000 1 2000 0 0
CINERGY CORP COMMON 17247410 101787.5 3400 1 3400 0 0
CIRCUIT CITY ST COMMON 17273710 -5542425 -117300 1 2600 0 -119900
CISCO SYS COMMON 17275R10 2.97E+08 4775208 1 3364200 498000 913008
CISCO SYS COMMON 17275R10 1.47E+08 2363100 2 2337300 0 25800
CISCO SYS COMMON 17275R10 10231988 164700 3 0 0 164700
CITIGROUP INC COMMON 17296710 5.37E+0812054210 1 8816800 1089900 2147510
CITIGROUP INC COMMON 17296710 2.19E+08 4925350 2 4876650 0 48700
CITIGROUP INC COMMON 17296710 9745819 218700 3 0 0 218700
CLAYTON HOMES COMMON 18419010 8806781 838741 1 686066 113025 39650
CLAYTON HOMES COMMON 18419010 2072438 197375 2 197375 0 0
CLAYTON HOMES COMMON 18419010 252651 24062 3 0 0 24062
CLEAR CHANNEL CO COMMON 18450210 1.16E+08 1671525 1 989125 270800 411600
CLEAR CHANNEL CO COMMON 18450210 62947106 904900 2 904900 0 0
CLEAR CHANNEL CO COMMON 18450210 2921625 42000 3 0 0 42000
CLOROX CO COMMON 18905410 20809600 185800 1 144800 3500 37500
CLOROX CO COMMON 18905410 134400 1200 2 1200 0 0
CLOROX CO COMMON 18905410 470400 4200 3 0 0 4200
COASTAL CORP COMMON 19044110 91712.5 2300 1 2300 0 0
COCA-COLA COMMON 19121610 -2.4E+07 -400200 1 22100 0 -422300
COKE ENT COMMON 19121910 -9725275 -333200 1 4100 0 -337300
COLGATE PL COMMON 19416210 3885813 78700 1 78300 0 400
COLGATE PL COMMON 19416210 602375 12200 3 0 0 12200
COLTEC COMMON PR PREFER 19687840 -19998 110000 1 110000 0 0
COLUMBIA/HCA HEA COMMON 19767710 133500 6000 1 6000 0 0
COMCAST CORP COMMON 20030020 269500 7000 1 7000 0 0
COMERICA INC COMMON 20034010 1.18E+08 2133793 1 1437600 157600 538593
COMERICA INC COMMON 20034010 55586025 1001550 2 987450 0 14100
COMERICA INC COMMON 20034010 2439225 43950 3 0 0 43950
COMPAQ COMPUTER COMMON 20449310 4754750 197600 1 74300 372900 -249600
COMPUTER ASSOC COMMON 20491210 50141880 1093011 1 768900 132000 192111
COMPUTER ASSOC COMMON 20491210 25286300 551200 2 548900 0 2300
COMPUTER ASSOC COMMON 20491210 1665263 36300 3 0 0 36300
CMPTR SCIENCE CO COMMON 20536310 -939875 -14600 1 14900 700 -30200
CONAGRA COMMON 20588710 13180536 515620 1 444900 0 70720
CONOCO INC COMMON 20825130 3510619 134700 1 128800 5900 0
CONSECO INC COMMON 20846410 108775 3800 1 3800 0 0
CON EDISON COMMON 20911510 1057050 24300 1 2300 0 22000
CNSLDTD NAT GAS COMMON 20961510 16007827 255614 1 190400 3000 62214
CNSLDTD NAT GAS COMMON 20961510 12380963 197700 2 197700 0 0
CNSLDTD NAT GAS COMMON 20961510 106462.5 1700 3 0 0 1700
CONSOLIDAT PAPER COMMON 20975910 -712500 -25000 1 0 0 -25000
CONSLD STORES COMMON 21014910 1223438 78300 1 74600 3700 0
CONSLD STORES COMMON 21014910 1640625 105000 2 105000 0 0
CONSLD STORES COMMON 21014910 21875 1400 3 0 0 1400
CONSTELLATION EN COMMON 21037110 55693.75 1900 1 1900 0 0
COOPER IND COMMON 21666910 -998725 -18200 1 2400 0 -20600
CORNERSTONE PPTY COMMON 21922H10 87656.25 5500 1 5500 0 0
CORNERSTONE PPTY COMMON 21922H10 318750 20000 2 20000 0 0
CORNING INC COMMON 21935010 3227000 46100 1 43900 1000 1200
COSTCO COMPANIES COMMON 22160Q10 -284050 -3800 1 6000 0 -9800
COUSINS PPTYS IN COMMON 22279510 62475 1700 1 1700 0 0
COUSINS PPTYS IN COMMON 22279510 4410000 120000 2 120000 0 0
CRESCENT REAL ES COMMON 22575610 70400 3200 1 3200 0 0
CRESCENT REAL ES COMMON 22575610 3630000 165000 2 165000 0 0
CRWN CORK &SEAL COMMON 22825510 38106.25 1300 1 1300 0 0
CUMMINS ENG INC COMMON 23102110 51750 800 1 800 0 0
DQE INC. COMMON 23329J10 3685125 93000 1 92200 800 0
DANA CORP COMMON 23581110 66339289 1588965 1 1092700 387100 109165
DANA CORP COMMON 23581110 39462100 945200 2 550100 395100 0
DANA CORP COMMON 23581110 162825 3900 3 0 0 3900
DANAHER CORP COMMON 23585110 71008575 1244400 1 843900 247100 153400
DANAHER CORP COMMON 23585110 15150094 265500 2 256500 0 9000
DANAHER CORP COMMON 23585110 2573519 45100 3 0 0 45100
DARDEN RESTAURAN COMMON 23719410 69800 3200 1 3200 0 0
DAYTON-HUDSON COMMON 23975310 1.09E+08 1689207 1 1190575 170400 328232
DAYTON-HUDSON COMMON 23975310 31069406 480300 2 473700 0 6600
DAYTON-HUDSON COMMON 23975310 1901813 29400 3 0 0 29400
DEERE & CO. COMMON 24419910 -2504813 -65700 1 2300 0 -68000
DELL COMPUTER COMMON 24702510 1.27E+08 3099337 1 2425900 354800 318637
DELL COMPUTER COMMON 24702510 64463963 1577100 2 1563600 0 13500
DELL COMPUTER COMMON 24702510 5407763 132300 3 0 0 132300
DELPHI AUTOMOTIV COMMON 24712610 106200 5900 1 5900 0 0
DELTA AIRLINES COMMON 24736110 20254434 339697 1 299097 22600 18000
DELTA AIRLINES COMMON 24736110 4191638 70300 2 70300 0 0
DELUXE CORP COMMON 24801910 63750 1700 1 1700 0 0
DEVELOPER REALTY COMMON 25159110 33275 2200 1 2200 0 0
DEVELOPER REALTY COMMON 25159110 3251875 215000 2 215000 0 0
DIAL CORP NEW COMMON 25247D10 36760278 1188211 1 958100 5800 224311
DIAL CORP NEW COMMON 25247D10 21959438 709800 2 705100 0 4700
DIAL CORP NEW COMMON 25247D10 1500469 48500 3 0 0 48500
DILLARD DEPT STO COMMON 25406710 52381.25 1700 1 1700 0 0
DISNEY WALT COMMON 25468710 -2E+07 -739200 1 18600 0 -757800
DOMINION RES INC COMMON 25747010 43174685 979851 1 750451 5300 224100
DOMINION RES INC COMMON 25747010 34782938 789400 2 785900 0 3500
DONNELLEY & SONS COMMON 25786710 2310000 66000 1 66000 0 0
DOVER CORP COMMON 26000310 -9369400 -237200 1 2200 0 -239400
DOW CHEMICAL COMMON 26054310 47405200 382300 1 218900 91200 72200
DOW CHEMICAL COMMON 26054310 10440800 84200 2 0 83700 500
DOW JONES COMMON 26056110 74812.5 1500 1 1500 0 0
DUPONT E I COMMON 26353410 -1.5E+07 -212200 1 9800 0 -222000
DUKE ENERGY COMMON 26439910 9920488 187400 1 162400 0 25000
DUKE ENERGY COMMON 26439910 47643.75 900 2 0 0 900
DUKE-WEEKS REALT COMMON 26441150 72581.25 3318 1 3318 0 0
DUKE-WEEKS REALT COMMON 26441150 6691081 305878 2 305878 0 0
DUN & BRADSTREET COMMON 26483B10 -114300 -3600 1 2700 0 -6300
E M C CORP MASS COMMON 26864810 41574956 687900 1 660400 1200 26300
E M C CORP MASS COMMON 26864810 19279563 319000 2 317500 0 1500
E M C CORP MASS COMMON 26864810 1855431 30700 3 0 0 30700
EASTMAN CHEMICAL COMMON 27743210 51687.5 1000 1 1000 0 0
EASTMAN KODAK COMMON 27746110 -8177488 -118300 1 2900 0 -121200
EATON CORP COMMON 27805810 -59362.5 -600 1 800 0 -1400
EDISON INTL COMMON 28102010 789750 31200 1 29900 1300 0
EL PASO ENERGY C CONVPREF28367820 10763750 218000 1 218000 0 0
EL PASO ENERGY COMMON 28390510 21261240 590590 1 536734 9900 43956
EL PASO ENERGY COMMON 28390510 82800 2300 2 0 0 2300
EL PASO ENERGY COMMON 28390510 111600 3100 3 0 0 3100
ELEC DATA SYS COMMON 28566110 -1.5E+07 -249800 1 4500 0 -254300
EMERSON ELECTRIC COMMON 29101110 -3318625 -55600 1 3900 0 -59500
ENRON CORP COMMON 29356110 272600 3200 1 3200 0 0
ENTERGY CORP COMMON 29364G10 -2334063 -77000 1 2900 0 -79900
EQUIFAX INC COMMON 29442910 -4497300 -136800 1 0 0 -136800
EQUITABLE COS COMMON 29444G10 1.52E+08 2359000 1 1712700 237200 409100
EQUITABLE COS COMMON 29444G10 43337250 673200 2 667000 0 6200
EQUITABLE COS COMMON 29444G10 1577188 24500 3 0 0 24500
EQUITY OFFICE PR COMMON 29474110 122007 4856 1 4856 0 0
EQUITY OFFICE PR COMMON 29474110 6409212 255093 2 255093 0 0
EQUITY RESIDENTI SBI 29476L10 115675 2800 1 2800 0 0
EQUITY RESIDENTI SBI 29476L10 6486063 157000 2 157000 0 0
EXXON CORP COMMON 30229010 1.03E+08 1301200 1 808000 206300 286900
EXXON CORP COMMON 30229010 72191563 909500 2 903100 0 6400
EXXON CORP COMMON 30229010 1262063 15900 3 0 0 15900
FPL GROUP COMMON 30257110 39827180 738395 1 569700 2700 165995
FPL GROUP COMMON 30257110 12793975 237200 2 235000 0 2200
FPL GROUP COMMON 30257110 399137.5 7400 3 0 0 7400
FDX CORP COMMON 31304N10 -5893575 -131700 1 10500 1300 -143500
FED HOME LN MTG COMMON 31340030 378675 6600 1 6600 0 0
FED'L MOGUL 144A CONVPREF31355220 -19998 85000 1 85000 0 0
FED'L MOGUL REGS CONVPREF31355240 -9999 15000 1 15000 0 0
FED NATL MTG AS COMMON 31358610 2.42E+08 3516484 1 2415400 384600 716484
FED NATL MTG AS COMMON 31358610 1.06E+08 1541800 2 1527100 0 14700
FED NATL MTG AS COMMON 31358610 6121650 88800 3 0 0 88800
FED RLTY INVT T SBI 31374720 27150 1200 1 1200 0 0
FEDERATED DEPT S COMMON 31410H10 118018.8 2300 1 2300 0 0
FELCOR LODGING T COMMON 31430F10 52650 2700 1 2700 0 0
FELCOR LODGING T COMMON 31430F10 1567800 80400 2 80400 0 0
FIFTH 3RD BANCO COMMON 31677310 4977281 76500 1 74000 1500 1000
FIFTH 3RD BANCO COMMON 31677310 8451619 129900 2 129900 0 0
FIFTH 3RD BANCO COMMON 31677310 956418.8 14700 3 0 0 14700
FIRST DATA CORP COMMON 31996310 8281894 167100 1 168800 0 -1700
1ST TENN NATL C COMMON 33716210 41580363 1135300 1 814200 163100 158000
1ST TENN NATL C COMMON 33716210 223412.5 6100 2 6100 0 0
1ST TENN NATL C COMMON 33716210 128187.5 3500 3 0 0 3500
FIRST UNION COMMON 33735810 17222400 374400 1 349900 2800 21700
FIRST UNION COMMON 33735810 285200 6200 2 0 0 6200
FIRST UNION COMMON 33735810 105800 2300 3 0 0 2300
1ST VA BKS INC COMMON 33747710 -3014400 -62800 1 0 0 -62800
FIRSTAR CORP NEW COMMON 33763V10 75581.25 2900 1 600 0 2300
FLEET FINANCIAL COMMON 33891510 31411800 775600 1 563700 78900 133000
FLEET FINANCIAL COMMON 33891510 9359550 231100 2 228900 0 2200
FLEETWOOD CAP PR CONVPREF33907220 -19998 110000 1 110000 0 0
FLEETWOOD COMMON 33909910 4594050 199200 1 191600 800 6800
FLA PROGRESS CO COMMON 34110910 81145084 1982170 1 1284500 284300 413370
FLA PROGRESS CO COMMON 34110910 43082625 1052400 2 1039600 0 12800
FLA PROGRESS CO COMMON 34110910 1801250 44000 3 0 0 44000
FLOWERS INDS IN COMMON 34349610 40061681 2400700 1 1916100 19700 464900
FLOWERS INDS IN COMMON 34349610 15008738 899400 2 877600 0 21800
FLOWERS INDS IN COMMON 34349610 412181.3 24700 3 0 0 24700
FORD MOTOR COMMON 34537010 2.69E+08 5538298 1 3995500 690800 851998
FORD MOTOR COMMON 34537010 82794350 1707100 2 1348800 331200 27100
FORD MOTOR COMMON 34537010 3555050 73300 3 0 0 73300
FOREST LABS INC COMMON 34583810 -2372875 -46300 1 8200 0 -54500
FORT JAMES CORP COMMON 34747110 20717546 567604 1 123804 425200 18600
FORT JAMES CORP COMMON 34747110 17436050 477700 2 0 477700 0
FORTUNE BRANDS I COMMON 34963110 63200 1600 1 1600 0 0
FRANCHISE FIN CO COMMON 35180710 3025750 133000 2 133000 0 0
FRANKLIN RES INC COMMON 35461310 102937.5 2700 1 2700 0 0
FREEPORT-MCMORAN COMMON 35671D85 -334125 -19800 1 0 0 -19800
G T E CORP COMMON 36232010 70505148 956002 1 688300 196300 71402
G T E CORP COMMON 36232010 37745250 511800 2 510400 0 1400
G T E CORP COMMON 36232010 1578250 21400 3 0 0 21400
GANNETT COMMON 36473010 1184900 16400 1 14800 0 1600
GAP INC COMMON 36476010 -4298663 -91950 1 10950 0 -102900
GARTNER GROUP IN COMMON 36665120 9277.125 429 1 429 0 0
GATEWAY INC COMMON 36762610 121800 1600 1 1600 0 0
GENL DYNAMICS COMMON 36955010 92440256 1373300 1 863000 172800 337500
GENL DYNAMICS COMMON 36955010 36692044 545100 2 538200 0 6900
GENL DYNAMICS COMMON 36955010 1709738 25400 3 0 0 25400
GENL ELECTRIC COMMON 36960410 4.25E+08 3900156 1 2755100 484300 660756
GENL ELECTRIC COMMON 36960410 2.86E+08 2625500 2 2600500 0 25000
GENL ELECTRIC COMMON 36960410 15336300 140700 3 0 0 140700
GENERAL INSTRUME COMMON 37012010 1624425 35800 1 34700 1100 0
GENERAL MILLS COMMON 37033410 45919531 554500 1 434200 4700 115600
GENERAL MILLS COMMON 37033410 12140313 146600 2 142400 0 4200
GENL MTRS COMMON 37044210 -5030588 -82300 1 6000 0 -88300
GENUINE PARTS COMMON 37246010 71443.75 2300 1 2300 0 0
GEORGIA GULF COR COMMON 37320020 -317625 -23100 1 0 0 -23100
GEORGIA PACIFIC COMMON 37329810 19413000 432000 1 339200 71600 21200
GEORGIA PACIFIC COMMON 37329810 319056.3 7100 2 0 0 7100
GEORGIA PACIFIC COMMON 37329810 1038056 23100 3 0 0 23100
GEORGIA PAC PRF PREFER 37329880 4725000 100000 1 100000 0 0
GILLETTE COMMON 37576610 -7529675 -172600 1 9700 0 -182300
GLAXO PLC ADR 37733W10 17331469 332100 1 287700 97100 -52700
GLAXO PLC ADR 37733W10 14758625 282800 2 280100 0 2700
GLAXO PLC ADR 37733W10 203531.3 3900 3 0 0 3900
GOLDEN WEST FINL COMMON 38131710 22909875 238800 1 150700 41000 47100
GOLDEN WEST FINL COMMON 38131710 6878719 71700 2 71700 0 0
GOLF TR AMER INC COMMON 38168B10 22375 1000 1 1000 0 0
GOODRICH BF CO COMMON 38238810 1.82E+08 4378400 1 3147300 346100 885000
GOODRICH BF CO COMMON 38238810 40811100 983400 2 961900 0 21500
GOODRICH BF CO COMMON 38238810 2701650 65100 3 0 0 65100
GOODYR TIRE&RUB COMMON 38255010 -121613 -2300 1 1800 0 -4100
GRACE W R & CO D COMMON 38388F10 18043831 928300 1 583300 258100 86900
GRACE W R & CO D COMMON 38388F10 12881231 662700 2 653400 0 9300
GRACE W R & CO D COMMON 38388F10 571462.5 29400 3 0 0 29400
GRAINGER WW INC COMMON 38480210 -600075 -12700 1 1300 0 -14000
GREAT LAKES CHEM COMMON 39056810 39825 900 1 900 0 0
GUIDANT CORP COMMON 40169810 30980617 529018 1 401600 3600 123818
GUIDANT CORP COMMON 40169810 5229631 89300 2 89300 0 0
HCR MANOR CARE COMMON 40413410 -2302375 -113000 1 0 0 -113000
HALLIBURTON COMMON 40621610 -373613 -8100 1 41300 0 -49400
HARLAND JOHN COMMON 41269310 -1547613 -76900 1 0 0 -76900
HARLEY DAVIDSON COMMON 41282210 -221500 -4000 1 0 0 -4000
HARTFORD FINL SV COMMON 41651510 2.01E+08 3721471 1 2863700 250700 607071
HARTFORD FINL SV COMMON 41651510 71096400 1316600 2 1306600 0 10000
HARTFORD FINL SV COMMON 41651510 1533600 28400 3 0 0 28400
HARTFORD LIFE IN COMMON 41659210 53926914 1065223 1 669823 109900 285500
HARTFORD LIFE IN COMMON 41659210 14073750 278000 2 272400 0 5600
HARTFORD LIFE IN COMMON 41659210 577125 11400 3 0 0 11400
HASBRO INC COMMON 41805610 13140400 505400 1 98100 412100 -4800
HASBRO INC COMMON 41805610 9750000 375000 2 0 375000 0
HAWAIIAN ELEC I COMMON 41987010 3797150 106400 1 95400 0 11000
HEALTHSOUTH CORP COMMON 42192410 1.29E+0810532212 1 6944300 1652000 1935912
HEALTHSOUTH CORP COMMON 42192410 52102925 4253300 2 4207400 0 45900
HEALTHSOUTH CORP COMMON 42192410 2970625 242500 3 0 0 242500
HEINZ H J COMMON 42307410 59231413 1256900 1 900500 174300 182100
HEINZ H J COMMON 42307410 20296738 430700 2 430700 0 0
HEINZ H J COMMON 42307410 805837.5 17100 3 0 0 17100
HERCULES COMMON 42705610 6678563 191500 1 191500 0 0
HEWLETT PACKARD COMMON 42823610 1.59E+08 1515000 1 956000 261200 297800
HEWLETT PACKARD COMMON 42823610 89445000 854400 2 846400 0 8000
HEWLETT PACKARD COMMON 42823610 5213438 49800 3 0 0 49800
HIGHWOODS PPTYS COMMON 43128410 35250 1500 1 1500 0 0
HIGHWOODS PPTYS COMMON 43128410 2350000 100000 2 100000 0 0
HILTON HOTELS COMMON 43284810 -78750 -6000 1 3900 0 -9900
HOME DEPOT INC COMMON 43707610 2.75E+08 4313176 1 3344256 252500 716420
HOME DEPOT INC COMMON 43707610 1.29E+08 2014500 2 1996100 0 18400
HOME DEPOT INC COMMON 43707610 8046756 126100 3 0 0 126100
HOME PPTYS N Y I COMMON 43730610 35668.75 1300 1 1300 0 0
HONEYWELL COMMON 43850610 2.58E+08 2155100 1 1570400 277500 307200
HONEYWELL COMMON 43850610 1.13E+08 939500 2 765900 167600 6000
HONEYWELL COMMON 43850610 2851538 23800 3 0 0 23800
HOST MARRIOTT PF CONVPREF44107920 -19998 218000 1 218000 0 0
HOUGHTON MIFFLI COMMON 44156010 -153256 -3100 1 0 0 -3100
HOUSHLD INTL COR COMMON 44181510 22877100 532800 1 466100 1600 65100
HOUSHLD INTL COR COMMON 44181510 180337.5 4200 2 2400 0 1800
HOUSTON INDS INC PREFER 44216120 29660313 245000 1 245000 0 0
HUBBELL CLASS B COMMON 44351020 57750 1400 1 1400 0 0
HUMANA INC COMMON 44485910 -4541400 -417600 1 0 0 -417600
HUSSMANN INTL IN COMMON 44811010 8086050 475650 1 385100 0 90550
HUSSMANN INTL IN COMMON 44811010 200600 11800 3 0 0 11800
IMS HEALTH INC COMMON 44993410 -2793075 -100200 1 34700 3200 -138100
ITT INDS INC IND COMMON 45091110 -399913 -10700 1 1400 0 -12100
ILL TOOL WORKS COMMON 45230810 17574906 236500 1 183000 700 52800
ILL TOOL WORKS COMMON 45230810 11295500 152000 2 152000 0 0
IMPL CHEM INDS ADR 45270450 32873288 712700 1 266200 446500 0
IMPERIAL OIL LTD COMMON 45303840 516750 26000 1 26000 0 0
INGERSOLL RAND COMMON 45686610 2.32E+08 3610350 1 2697900 305400 607050
INGERSOLL RAND COMMON 45686610 58688372 912550 2 898350 0 14200
INGERSOLL RAND COMMON 45686610 3993806 62100 3 0 0 62100
ING RAND GROWTH PREFER 45686730 6268875 229000 1 229000 0 0
INTEL CORP COMMON 45814010 4.17E+08 6045826 1 4473350 536800 1035676
INTEL CORP COMMON 45814010 2.43E+08 3523100 2 3496800 0 26300
INTEL CORP COMMON 45814010 13662000 198000 3 0 0 198000
IBM COMMON 45920010 2.78E+08 2208540 1 1501600 237300 469640
IBM COMMON 45920010 1.49E+08 1187400 2 1176600 0 10800
IBM COMMON 45920010 4776125 38000 3 0 0 38000
INTL FLV & FRAGS COMMON 45950610 0 0 1 1400 0 -1400
INTN'L PAPER CNV CONVPREF46013730 -19998 110000 1 110000 0 0
INTL PAPER COMMON 46014610 -7740576 -151776 1 3888 0 -155664
INTERPUBLIC GRP COMMON 46069010 819000 19500 1 3100 0 16400
INTIBRANDS INC COMMON 46115610 -788044 -18300 1 0 0 -18300
JDN REALTY CORP COMMON 46591710 104431.3 4900 1 4900 0 0
JDN REALTY CORP COMMON 46591710 4049375 190000 2 190000 0 0
J.P. REALTY INC COMMON 46624A10 37525 1900 1 1900 0 0
J.P. REALTY INC COMMON 46624A10 2370000 120000 2 120000 0 0
JAMESON INNS INC COMMON 47045710 41656.25 4300 1 4300 0 0
JEFFERSON PILOT PREFER 47507020 6160000 55000 1 55000 0 0
JOHNSON&JOHNSON COMMON 47816010 87168030 957233 1 647975 156600 152658
JOHNSON&JOHNSON COMMON 47816010 66748813 733000 2 725300 0 7700
JOHNSON&JOHNSON COMMON 47816010 3688031 40500 3 0 0 40500
JOHNS CTLS INC COMMON 47836610 157693.8 2300 1 2000 300 0
JONES APPAREL COMMON 48007410 -679033 -20655 1 0 0 -20655
K-MART COMMON 48258410 2554988 174700 1 170700 4000 0
KS CITY SOUTHN COMMON 48517010 1.13E+08 2042800 1 1382100 236200 424500
KS CITY SOUTHN COMMON 48517010 54598050 988200 2 978000 0 10200
KS CITY SOUTHN COMMON 48517010 1624350 29400 3 0 0 29400
KELLOGG COMMON 48783610 -1733663 -49800 1 3700 0 -53500
KENNAMETAL COMMON 48917010 -926400 -38400 1 0 0 -38400
KERR-MCGEE COMMON 49238610 51500 1000 1 1000 0 0
KEYCORP COMMON 49326710 -2526300 -80200 1 5100 0 -85300
KEYSTONE FIN COMMON 49348210 -2898319 -99300 1 0 0 -99300
KILROY RLTY CORP COMMON 49427F10 3712500 165000 2 165000 0 0
KIMBERLY CLARK COMMON 49436810 2409500 39500 1 36000 1900 1600
KIMCO REALTY COMMON 49446R10 48750 1300 1 1300 0 0
KIMCO REALTY COMMON 49446R10 3750000 100000 2 100000 0 0
KMART CORP CONVPREF49877820 5491875 101000 1 101000 0 0
KNIGHT RIDE NEWS COMMON 49904010 640368.8 11900 1 11100 800 0
KOGER EQUITY COMMON 50022810 45000 2500 1 2500 0 0
KOHLS CORP COMMON 50025510 121700 1600 1 1600 0 0
KOMAG INC COMMON 50045310 -874838 -227600 1 0 0 -227600
KROGER CO COMMON 50104410 -5951081 -225100 1 7700 0 -232800
LG&E ENERGY CORP COMMON 50191710 611987.5 28300 1 26000 2300 0
LSI LOGIC CORP COMMON 50216110 942012.5 18700 1 26700 0 -8000
LAM RESEARCH COMMON 51280710 -1722163 -31100 1 0 0 -31100
LAUDER TRACE PRF PREFER 51843720 4620000 55000 1 55000 0 0
LEAR CORP COMMON 52186510 1.11E+08 2332000 1 1849200 215800 267000
LEAR CORP COMMON 52186510 32947500 690000 2 685500 0 4500
LEAR CORP COMMON 52186510 1389525 29100 3 0 0 29100
LIBERTY PPTY TR SBI 53117210 33075 1400 1 1400 0 0
LIBERTY PPTY TR SBI 53117210 4488750 190000 2 190000 0 0
LILLY ELI COMMON 53245710 56156244 854900 1 571100 173200 110600
LILLY ELI COMMON 53245710 26669125 406000 2 399200 0 6800
LILLY ELI COMMON 53245710 2548675 38800 3 0 0 38800
LIMITED INC COMMON 53271610 -2864606 -62700 1 2600 0 -65300
LINCARE HLDGS IN COMMON 53279110 43489590 1449653 1 949300 161700 338653
LINCARE HLDGS IN COMMON 53279110 23097000 769900 2 761700 0 8200
LINCARE HLDGS IN COMMON 53279110 1029000 34300 3 0 0 34300
LINCLN NATL CORP COMMON 53418710 58450000 1169000 1 580200 466000 122800
LINCLN NATL CORP COMMON 53418710 17910000 358200 2 0 358200 0
LINEAR TECH COMMON 53567810 3768425 61400 1 58600 1800 1000
LIZ CLAIBORNE IN COMMON 53932010 17492794 450700 1 65000 385700 0
LOCKHEED MARTIN COMMON 53983010 -2231481 -64100 1 3700 0 -67800
LOUISIANA PAC CO COMMON 54634710 168918.8 7700 1 7700 0 0
LOWES CO COMMON 54866110 2.04E+08 3865008 1 3173300 163500 528208
LOWES CO COMMON 54866110 67419775 1278100 2 1271300 0 6800
LOWES CO COMMON 54866110 3238850 61400 3 0 0 61400
LUCENT TECHNOLOG COMMON 54946310 3.59E+08 5458339 1 3989078 590100 879161
LUCENT TECHNOLOG COMMON 54946310 1.9E+08 2892500 2 2867900 0 24600
LUCENT TECHNOLOG COMMON 54946310 11626688 177000 3 0 0 177000
LYONDELL PETRO COMMON 55207810 -8564725 -469300 1 0 0 -469300
MBNA CORP COMMON 55262L10 73093950 2564700 1 1570775 433400 560525
MBNA CORP COMMON 55262L10 20508600 719600 2 703900 0 15700
MBNA CORP COMMON 55262L10 1999275 70150 3 0 0 70150
MCI WORLDCOM COMMON 55268B10 3.78E+08 4578900 1 3341400 404200 833300
MCI WORLDCOM COMMON 55268B10 1.62E+08 1960600 2 1942500 0 18100
MCI WORLDCOM COMMON 55268B10 8720250 105700 3 0 0 105700
MACK CALI RLTY C COMMON 55448910 84000 3000 1 3000 0 0
MACK CALI RLTY C COMMON 55448910 3500000 125000 2 125000 0 0
MALLINCKRODT INC COMMON 56123210 -768963 -22700 1 1500 0 -24200
MANPOWER CORP COMMON 56418H10 -5469063 -236500 1 0 0 -236500
MFGRD HOME COMM COMMON 56468210 89725 3700 1 3700 0 0
MARSH & MCLENNAN COMMON 57174810 2.26E+08 2972060 1 2106100 269900 596060
MARSH & MCLENNAN COMMON 57174810 87973800 1157550 2 1144550 0 13000
MARSH & MCLENNAN COMMON 57174810 6270000 82500 3 0 0 82500
MARRIOTT INTL IN COMMON 57190320 918637.5 26200 1 25100 1100 0
MASCO CORP. COMMON 57459910 85335971 2868436 1 2337900 208200 322336
MASCO CORP. COMMON 57459910 14547750 489000 2 482200 0 6800
MASCO CORP. COMMON 57459910 1347675 45300 3 0 0 45300
MATTEL INC COMMON 57708110 1.01E+08 4290100 1 2523100 938700 828300
MATTEL INC COMMON 57708110 31345650 1326800 2 563000 749800 14000
MATTEL INC COMMON 57708110 1908900 80800 3 0 0 80800
MAXIM INTEGR COMMON 57772K10 -4702188 -73400 1 0 0 -73400
MAY DEPT STRS CO COMMON 57777810 11724208 303049 1 248849 2800 51400
MAY DEPT STRS CO COMMON 57777810 4924919 127300 2 125000 0 2300
MAYTAG CORP COMMON 57859210 97475 1400 1 1400 0 0
MCDONALDS COMMON 58013510 -1700850 -40800 1 168000 0 -208800
MCGRAW HILL COMMON 58064510 -142450 -2800 1 2200 0 -5000
MCKESSON HBOC COMMON 58155Q10 -7715925 -248400 1 2700 0 -251100
MEAD CORP COMMON 58283410 61500 1500 1 1500 0 0
MEDIAONE GROUP I COMMON 58440J10 412537.5 5700 1 5700 0 0
MEDTRONIC INC COMMON 58505510 -1.2E+07 -164000 1 5400 0 -169400
MELLON BK CORP COMMON 58550910 91057500 2698000 1 1722700 450600 524700
MELLON BK CORP COMMON 58550910 36088875 1069300 2 1060700 0 8600
MELLON BK CORP COMMON 58550910 702000 20800 3 0 0 20800
MENTOR GRAPHICS COMMON 58720010 1912881 190100 1 179300 0 10800
MERCANTILE BANCO COMMON 58734210 207100 3800 1 13400 700 -10300
MERCK & CO COMMON 58933110 1.9E+08 2811396 1 2002200 329700 479496
MERCK & CO COMMON 58933110 1.1E+08 1627500 2 1611800 0 15700
MERCK & CO COMMON 58933110 7188538 106300 3 0 0 106300
MEREDITH CORP COMMON 58943310 -2264400 -62900 1 0 0 -62900
MERITOR AUTOMOTI COMMON 59000G10 16228100 669200 1 296700 152400 220100
MERRILL LYNCH COMMON 59018810 3604000 53000 1 49300 300 3400
MERRILL LYNCH COMMON 59018810 81600 1200 2 0 0 1200
MERRILL LYNCH PR PREFER 59018856 6347813 555000 1 555000 0 0
MICROSOFT COMMON 59491810 5.79E+08 6749900 1 4449300 842100 1458500
MICROSOFT COMMON 59491810 3.46E+08 4033000 2 3993500 0 39500
MICROSOFT COMMON 59491810 20552094 239500 3 0 0 239500
MICROSOFT CORP CONVPREF59491820 10050000 100000 1 100000 0 0
MICRON TECHNOLOG COMMON 59511210 141737.5 2300 1 2300 0 0
MILLIPORE CORP COMMON 60107310 -2212725 -54300 1 0 0 -54300
MINN MINING COMMON 60405910 -4379288 -49800 1 3500 0 -53300
MOBIL CORP COMMON 60705910 43149500 422000 1 326700 5000 90300
MOBIL CORP COMMON 60705910 16329325 159700 2 156000 0 3700
MOBIL CORP COMMON 60705910 950925 9300 3 0 0 9300
MONSANTO COMMON 61166210 6739225 171700 1 180700 0 -9000
MONSANTO COMMON 61166210 188400 4800 3 0 0 4800
MONSANTO PREF PREFER 61166230 4510000 110000 1 110000 0 0
MONT PWR CO COMMON 61208510 17205959 254197 1 192997 2200 59000
MONT PWR CO COMMON 61208510 54150 800 3 0 0 800
MORGAN JP COMMON 61688010 -9462750 -74000 1 4700 400 -79100
MG ST DEAN WIT COMMON 61744644 77050035 853740 1 687100 71400 95240
MG ST DEAN WIT COMMON 61744644 25640025 284100 2 278700 0 5400
MG ST DEAN WIT COMMON 61744644 126350 1400 3 0 0 1400
MOTOROLA COMMON 62007610 209875 2300 1 33200 1300 -32200
MOTOROLA COMMON 62007610 100375 1100 2 0 0 1100
MYLAN LABS INC COMMON 62853010 31226663 1365100 1 1100800 199100 65200
MYLAN LABS INC COMMON 62853010 31183200 1363200 2 1351700 0 11500
MYLAN LABS INC COMMON 62853010 711412.5 31100 3 0 0 31100
NCR CORP NEW COMMON 62886E10 -4378125 -93400 1 0 0 -93400
NALCO CHEMICAL COMMON 62985310 -82300 -1600 1 1200 0 -2800
NATIONAL CITY CO COMMON 63540510 202300 6800 1 6800 0 0
NATL SEMICONDUCT COMMON 63764010 -5892544 -239900 1 2800 0 -242700
NATL SERV INDS COMMON 63765710 19294750 546400 1 433400 95600 17400
NATL SERV INDS COMMON 63765710 74156.25 2100 2 0 0 2100
NETWORK APPLIANC COMMON 64120L10 26303935 482641 1 323700 65300 93641
NETWORK APPLIANC COMMON 64120L10 15243650 279700 2 276900 0 2800
NETWORK APPLIANC COMMON 64120L10 719400 13200 3 0 0 13200
NEW CENTURY ENER COMMON 64352U10 17839781 514300 1 323400 0 190900
NEW CENTURY ENER COMMON 64352U10 527250 15200 3 0 0 15200
NEW PLAN EXCEL R COMMON 64805310 31662.5 1700 1 1700 0 0
N YORK TIMES CO COMMON 65011110 7669869 195100 1 195100 0 0
NEWELL RUBBERMAI COMMON 65122910 99475 2300 1 2300 0 0
NEWMONT MNG CORP COMMON 65163910 -1326450 -71700 1 0 0 -71700
NEXTEL COMMUNICA COMMON 65332V10 149975 2800 1 2800 0 0
NIAGARA MOHAWK H COMMON 65352010 53550 3400 1 3400 0 0
NIKE INC COMMON 65410610 -6318000 -121500 1 2600 0 -124100
NISOURCE INC COMMON 65473P10 20189750 778400 1 769300 1000 8100
NISOURCE INC PREFER 65473P30 4800000 100000 1 100000 0 0
NORDSTROM INC COMMON 65566410 -433838 -13800 1 1800 0 -15600
NORFOLK SOUTHERN COMMON 65584410 17538300 599600 1 103800 495800 0
NORFOLK SOUTHERN COMMON 65584410 16769025 573300 2 0 573300 0
NORTEL NETWORKS COMMON 65656910 41343563 466500 1 303100 38800 124600
NORTEL NETWORKS COMMON 65656910 41795550 471600 2 471500 0 100
NORTEL NETWORKS COMMON 65656910 602650 6800 3 0 0 6800
NORTHRN STS PWR COMMON 66577210 717750 31900 1 7100 0 24800
NORTHERN TRUST COMMON 66585910 7969200 91600 1 71700 1200 18700
NORTHROP COMMON 66680710 1283825 17800 1 1100 0 16700
NORTHWEST AIRLS COMMON 66728010 8811888 274300 1 123700 134200 16400
NORTHWEST AIRLS COMMON 66728010 5557625 173000 2 173000 0 0
NORTHWEST AIRLS COMMON 66728010 334100 10400 3 0 0 10400
NOVELL COMMON 67000610 -4506250 -175000 1 4500 0 -179500
NUCOR CORP COMMON 67034610 -2037000 -42000 1 1000 0 -43000
OGE ENERGY CORP COMMON 67083710 589818.8 24900 1 8700 900 15300
OGE ENERGY CORP COMMON 67083710 16581.25 700 2 0 0 700
OAKWOOD HOMES COMMON 67409810 2970175 281200 1 219000 4300 57900
OAKWOOD HOMES COMMON 67409810 164775 15600 2 9900 0 5700
OCCIDENTAL PET COMMON 67459910 76293.75 3900 1 3900 0 0
OGDEN CORP COMMON 67634610 45393362 1793318 1 1577110 6200 210008
OGDEN CORP COMMON 67634610 74520 2944 2 0 0 2944
OGDEN CORP COMMON 67634610 324000 12800 3 0 0 12800
OMNICARE INC COMMON 68190410 24776192 2304762 1 1592700 248600 463462
OMNICARE INC COMMON 68190410 5961950 554600 2 554600 0 0
OMNICARE INC COMMON 68190410 933100 86800 3 0 0 86800
OMNICOM GROUP IN COMMON 68191910 14004900 197600 1 177700 2800 17100
OMNICOM GROUP IN COMMON 68191910 6024375 85000 2 85000 0 0
OMNICOM GROUP IN COMMON 68191910 1268663 17900 3 0 0 17900
ORACLE SYSTEMS COMMON 68389X10 -3486525 -91600 1 82000 0 -173600
ORACLE SYSTEMS COMMON 68389X10 7254713 190600 2 190100 0 500
ORACLE SYSTEMS COMMON 68389X10 1598625 42000 3 0 0 42000
OUTBACK STEAKHOU COMMON 68989910 48573975 1455400 1 1047700 115900 291800
OUTBACK STEAKHOU COMMON 68989910 24894413 745900 2 742900 0 3000
OUTBACK STEAKHOU COMMON 68989910 814350 24400 3 0 0 24400
OWENS CORNING PREFER 69073320 -19998 82000 1 82000 0 0
OWENS ILL INC COMMON 69076840 42393.75 1700 1 1700 0 0
OWENS ILL INC CONVPREF69076850 11243875 293000 1 293000 0 0
PECO ENERGY CO COMMON 69330410 60223350 1421200 1 936600 123500 361100
PECO ENERGY CO COMMON 69330410 35234813 831500 2 823400 0 8100
PECO ENERGY CO COMMON 69330410 1105988 26100 3 0 0 26100
PG&E CORP COMMON 69331C10 4237750 134000 1 14200 120500 -700
PE BIOSYSTEMS COMMON 69332S10 32109124 572738 1 331600 71800 169338
PE BIOSYSTEMS COMMON 69332S10 123337.5 2200 2 2200 0 0
PE BIOSYSTEMS COMMON 69332S10 560625 10000 3 0 0 10000
PNC FINL CORP COMMON 69347510 185062.5 3500 1 3500 0 0
PPG INDS COMMON 69350610 -3488063 -58500 1 1600 0 -60100
PACIFICARE HEALT COMMON 69511210 -184106 -2700 1 0 0 -2700
PALL CORP COMMON 69642930 -212731 -10100 1 2000 0 -12100
PARAMETRIC TECH COMMON 69917310 -2772738 -196300 1 4100 0 -200400
PARKER HANNIFIN COMMON 70109410 764437.5 16200 1 1400 0 14800
PARKWAY PPTYS IN COMMON 70159Q10 79800 2400 1 2400 0 0
PENNEY JC COMMON 70816010 14997500 342800 1 47500 295300 0
PENNEY JC COMMON 70816010 16931250 387000 2 0 387000 0
PENN REAL ESTATE SBI 70910210 14131.25 700 1 700 0 0
PENTAIR CORP COMMON 70963110 686312.5 15800 1 15800 0 0
PEOPLESOFT COMMON 71271310 -5379150 -394800 1 0 0 -394800
PEPSICO COMMON 71344810 -420525 -10800 1 13100 0 -23900
PHARMACIA & UPJO COMMON 71694110 -6516694 -121100 1 4900 0 -126000
PFIZER COMMON 71708110 79348800 2342400 1 1840100 291300 211000
PFIZER COMMON 71708110 50751525 1498200 2 1484100 0 14100
PFIZER COMMON 71708110 4420688 130500 3 0 0 130500
PHELPS DODGE COMMON 71726510 -7449650 -125600 1 900 0 -126500
PHILIP MORRIS COMMON 71815410 1.85E+08 4973892 1 3621300 908400 444192
PHILIP MORRIS COMMON 71815410 1.14E+08 3051600 2 2679300 348400 23900
PHILIP MORRIS COMMON 71815410 3959675 106300 3 0 0 106300
PHILLIPS PETROL COMMON 71850710 818742.3 15956 1 15956 0 0
PINNACLE WEST COMMON 72348410 7987.5 200 1 1100 0 -900
PITNEY BOWES COMMON 72447910 71857757 1129395 1 1042200 1200 85995
PITNEY BOWES COMMON 72447910 30202788 474700 2 473200 0 1500
PITNEY BOWES COMMON 72447910 725325 11400 3 0 0 11400
PLACER DOME INC COMMON 72590610 52975 5200 1 5200 0 0
POLAROID COMMON 73109510 -5349800 -232600 1 0 0 -232600
POLICY MGMT SYS COMMON 73110810 8084175 262900 1 169800 1600 91500
POST PROPS COMMON 73746410 88000 2200 1 2200 0 0
POST PROPS COMMON 73746410 4988000 124700 2 124700 0 0
POTLATCH COMMON 73762810 0 0 1 1100 0 -1100
PRAXAIR COMMON 74005P10 821025 17800 1 17800 0 0
PRECISION CASTP COMMON 74018910 34110563 866300 1 580300 134300 151700
PRECISION CASTP COMMON 74018910 5855063 148700 2 143700 0 5000
PREMARK INTL INC COMMON 74045910 37451292 988813 1 559513 122400 306900
PREMARK INTL INC COMMON 74045910 15225750 402000 2 392500 0 9500
PRENTISS PPTYS T SBI 74070610 4612500 200000 2 200000 0 0
PROCTER & GAMBLE COMMON 74271810 95665335 1056346 1 748425 99800 208121
PROCTER & GAMBLE COMMON 74271810 67921875 750000 2 741000 0 9000
PROCTER & GAMBLE COMMON 74271810 3676838 40600 3 0 0 40600
PROGRESSIVE CORP COMMON 74331510 -1.4E+07 -107000 1 1000 0 -108000
PROLOGIS TR SBI 74341010 135673.8 6980 1 6980 0 0
PROLOGIS TR SBI 74341010 2664084 137059 2 137059 0 0
PROMUS HOTEL COR COMMON 74342P10 263987.5 9800 1 9800 0 0
PROVIDIAN FINCL COMMON 74406A10 127400 1400 1 1400 0 0
PUBLIC SVC ENT COMMON 74457310 92718.75 2300 1 2300 0 0
PUBLIC STORAGE I COMMON 74460D10 134397 5232 1 5232 0 0
PUBLIC STORAGE I COMMON 74460D10 3467813 135000 2 135000 0 0
QUAKER OAT COMMON 74740210 70805419 1040300 1 664000 159500 216800
QUAKER OAT COMMON 74740210 45111825 662800 2 659500 0 3300
QUAKER OAT COMMON 74740210 2491088 36600 3 0 0 36600
RALSTON PURINA C COMMON 75127730 -4592413 -153400 1 3300 0 -156700
RAYCHEM CORP COMMON 75460310 -171563 -4500 1 1400 0 -5900
RAYTHEON CLASS A COMMON 75511130 12977457 186726 1 24538 162188 0
RAYTHEON CLASS A COMMON 75511130 11039589 158843 2 0 158843 0
RAYTHEON CLASS B COMMON 75511140 225000 3200 1 3200 0 0
READER'S DIGEST COMMON 75526710 -4417706 -126900 1 0 0 -126900
REEBOK COMMON 75811010 -2649313 -218500 1 0 0 -218500
REGENCY RLTY COR COMMON 75893910 42250 2000 1 2000 0 0
REGENCY RLTY COR COMMON 75893910 3380000 160000 2 160000 0 0
RELIANT ENERGY I COMMON 75952J10 67025858 2454036 1 1487902 805600 160534
RELIANT ENERGY I COMMON 75952J10 37155925 1360400 2 709500 636400 14500
RELIANT ENERGY I COMMON 75952J10 57356.25 2100 3 0 0 2100
REUTERS GROUP PL ADR 76132M10 75543.75 900 1 0 0 900
REVLON INC COMMON 76152550 -1290019 -64300 1 0 0 -64300
REYNOLDS & REYNO COMMON 76169510 50971500 2169000 1 1521400 155900 491700
REYNOLDS & REYNO COMMON 76169510 11108450 472700 2 465000 0 7700
REYNOLDS & REYNO COMMON 76169510 650950 27700 3 0 0 27700
REYNLD METALS COMMON 76176310 -5889000 -104000 1 700 0 -104700
ROBERT HALF INTL COMMON 77032310 -6672825 -252400 1 0 0 -252400
ROCKWELL INTL CO COMMON 77390310 -4110994 -69900 1 1800 0 -71700
ROHM & HAAS COMMON 77537110 98719.5 2316 1 2316 0 0
ROWAN COS COMMON 77938210 -3288425 -174800 1 2500 0 -177300
ROYAL DUTCH PETE ADR 78025780 1.46E+08 2393900 1 1260900 492400 640600
ROYAL DUTCH PETE ADR 78025780 75926700 1244700 2 1229300 0 15400
ROYAL DUTCH PETE ADR 78025780 2586400 42400 3 0 0 42400
RUSSELL CORP COMMON 78235210 -53725 -2800 1 0 0 -2800
RYDER SYSTEMS COMMON 78354910 13027706 552900 1 436700 8100 108100
RYDER SYSTEMS COMMON 78354910 195568.8 8300 2 0 0 8300
RYDER SYSTEMS COMMON 78354910 106031.3 4500 3 0 0 4500
RYLAND GRP INC COMMON 78376410 5017500 180000 1 156200 2800 21000
SBC COMMUNICATIO COMMON 78387G10 33440975 585400 1 653600 9600 -77800
SBC COMMUNICATIO COMMON 78387G10 29265138 512300 2 500200 0 12100
SAFECO CORP COMMON 78642910 -612806 -16100 1 2100 0 -18200
SAFEWAY INC COMMON 78651420 1702450 31600 1 27400 0 4200
ST JUDE MED INC COMMON 79084910 -286344 -7700 1 0 0 -7700
ST PAUL CAP L L CONVPREF79285620 9714375 165000 1 165000 0 0
ST PAUL COS INC COMMON 79286010 38090526 1223792 1 709500 460500 53792
ST PAUL COS INC COMMON 79286010 15039600 483200 2 0 482700 500
SANMINA CORP COMMON 80090710 52250 800 1 800 0 0
SARA LEE CORP COMMON 80311110 178200 8100 1 8100 0 0
SCHERING PLOUGH COMMON 80660510 1.86E+08 3801524 1 2550500 581900 669124
SCHERING PLOUGH COMMON 80660510 69482000 1418000 2 1400300 0 17700
SCHERING PLOUGH COMMON 80660510 5625200 114800 3 0 0 114800
SCHLUMBERGER COMMON 80685710 750975 12400 1 16600 0 -4200
SCHWAB CHARLES C COMMON 80851310 352500 8000 1 8000 0 0
SCI ATLANTA COMMON 80865510 456250 12500 1 13900 0 -1400
SEAGATE TECH COMMON 81180410 75250 2800 1 2800 0 0
SEAGRAM LTD COMMON 81185010 194987.5 3800 1 3800 0 0
SEAGRAMS ACES CONVPREF81185020 5555000 110000 1 110000 0 0
SEALED AIR CORP COMMON 81211K10 -2614975 -40700 1 1100 0 -41800
SEALED AIR CORP CONVPREF81211K20 14883000 242000 1 242000 0 0
SEARS ROEBUCK COMMON 81238710 137700 3400 1 3400 0 0
SEMPRA ENERGY COMMON 81685110 14397469 648900 1 476300 92900 79700
SEMPRA ENERGY COMMON 81685110 718875 32400 3 0 0 32400
SEPRACOR INC COMMON 81731510 -374850 -5100 1 0 0 -5100
SERV CORP INTL COMMON 81756510 -292100 -18400 1 3800 0 -22200
SHERWN WILLMS CO COMMON 82434810 67500 2500 1 2500 0 0
SIGMA ALDRICH C COMMON 82655210 -379963 -11300 1 1400 0 -12700
SILICON GRAPHICS COMMON 82705610 -1188600 -67200 1 2700 0 -69900
SIMON PPTY GROUP COMMON 82880610 87656.25 3300 1 3300 0 0
SIMON PPTY GROUP COMMON 82880610 3825000 144000 2 144000 0 0
SKYTEL COMM PRF PREFER 83087Q30 -19998 55000 1 55000 0 0
SMTHKL BEECH ADR ADR 83237830 -804838 -13400 1 0 0 -13400
SMURFIT-STONE CO COMMON 83272710 43427638 1940900 1 859000 690300 391600
SMURFIT-STONE CO COMMON 83272710 246125 11000 2 0 0 11000
SMURFIT-STONE CO COMMON 83272710 1210488 54100 3 0 0 54100
SOLECTRON CORP COMMON 83418210 -2029781 -31500 1 2600 0 -34100
SOLUTIA INC COMMON 83437610 37130513 1737100 1 1174100 179500 383500
SOLUTIA INC COMMON 83437610 9712800 454400 2 441900 0 12500
SOUTHERN CO COMMON 84258710 38320238 1452900 1 707900 328900 416100
SOUTHERN CO COMMON 84258710 50112.5 1900 2 0 0 1900
S WEST AIR COMMON 84474110 41118766 2222636 1 1363024 16200 843412
S WEST AIR COMMON 84474110 6118875 330750 2 305400 0 25350
S WEST AIR COMMON 84474110 915750 49500 3 0 0 49500
SPIEKER PPTYS IN COMMON 84849710 45900 1200 1 1200 0 0
SPIEKER PPTYS IN COMMON 84849710 3205350 83800 2 83800 0 0
SPRINT (NEW) COMMON 85206110 8316519 160900 1 280400 3400 -122900
SPRINT (NEW) COMMON 85206110 22571931 436700 2 432000 0 4700
SPRINT (NEW) COMMON 85206110 51687.5 1000 3 0 0 1000
SPRINT PRF 8.25% CONVPREF85206140 6708625 77000 1 77000 0 0
SPRINT PCS GRP COMMON 85206150 -6371688 -105100 1 4600 0 -109700
STAPLES COMMON 85503010 8056125 279000 1 284200 3900 -9100
STAPLES COMMON 85503010 600600 20800 3 0 0 20800
STATE STR CORP COMMON 85747710 2976750 42000 1 39000 800 2200
STORAGE USA INC COMMON 86190710 30500 1000 1 1000 0 0
STORAGE USA INC COMMON 86190710 3040850 99700 2 99700 0 0
SUN COMMUNITIES COMMON 86667410 3071250 90000 2 90000 0 0
SUN MICROSYSTEMS COMMON 86681010 -5484300 -80800 1 70700 300 -151800
SUN MICROSYSTEMS COMMON 86681010 6427763 94700 2 94700 0 0
SUNOCO COMMON 86764P10 18080400 592800 1 446500 1300 145000
SUNOCO COMMON 86764P10 192150 6300 3 0 0 6300
SUNTRUST BANKS COMMON 86791410 4231200 65600 1 52600 0 13000
SUNSTONE HOTEL I COMMON 86793310 1642500 180000 2 180000 0 0
SUPERVALU INC COMMON 86853610 146000 6400 1 6400 0 0
SYBASE COMMON 87113010 -1354025 -132100 1 0 0 -132100
SYSCO CORP COMMON 87182910 1389219 42500 1 39800 1200 1500
TJX COS COMMON 87254010 42336531 1280500 1 1040300 69000 171200
TJX COS COMMON 87254010 39159225 1184400 2 1184000 0 400
TJX COS COMMON 87254010 2344131 70900 3 0 0 70900
TRW INC COMMON 87264910 74812.5 1400 1 1400 0 0
TANDY CORP COMMON 87538210 51374075 1001200 1 741900 84900 174400
TANDY CORP COMMON 87538210 22141344 431500 2 426900 0 4600
TANDY CORP COMMON 87538210 1570163 30600 3 0 0 30600
TEKTRONIX COMMON 87913110 -3073688 -97000 1 1300 0 -98300
TELLABS INC COMMON 87966410 1.82E+08 2951463 1 2294400 168100 488963
TELLABS INC COMMON 87966410 34302625 557200 2 549400 0 7800
TELLABS INC COMMON 87966410 3250500 52800 3 0 0 52800
TENET HEALTHCARE COMMON 88033G10 -1632313 -91000 1 3500 0 -94500
TENNECO INC NEW COMMON 88037E10 45625 2000 1 2000 0 0
TERADYNE COMMON 88077010 14812875 199500 1 181600 0 17900
TERADYNE COMMON 88077010 31712175 427100 2 427100 0 0
TERADYNE COMMON 88077010 645975 8700 3 0 0 8700
TEXACO COMMON 88169410 44083040 707451 1 404500 115200 187751
TEXACO COMMON 88169410 30078244 482700 2 482500 0 200
TEXAS INSTRUMENT COMMON 88250810 1.4E+08 969746 1 877575 1300 90871
TEXAS INSTRUMENT COMMON 88250810 47246400 328100 2 325800 0 2300
TEXAS INSTRUMENT COMMON 88250810 2764800 19200 3 0 0 19200
TEXAS UTILITIES COMMON 88284810 -786250 -18500 1 3100 0 -21600
TEXAS UTIL GR PR PREFER 88284840 7548750 165000 1 165000 0 0
TEXTRON COMMON 88320310 1.45E+08 1763389 1 1226561 329700 207128
TEXTRON COMMON 88320310 44990750 547000 2 334600 206700 5700
TEXTRON COMMON 88320310 460600 5600 3 0 0 5600
THOMAS & BETTS COMMON 88431510 10054550 222200 1 144500 3100 74600
3COM CORP COMMON 88553510 86850 3600 1 3600 0 0
TIME WARNER INC COMMON 88731510 2.33E+08 3236077 1 2089300 545100 601677
TIME WARNER INC COMMON 88731510 1.05E+08 1455100 2 1440000 0 15100
TIME WARNER INC COMMON 88731510 2095200 29100 3 0 0 29100
TIMES MIRROR COMMON 88736410 72300 1200 1 1200 0 0
TORCHMARK CORP COMMON 89102710 -197250 -6000 1 17300 0 -23300
TOYS "R" US COMMON 89233510 52000 3200 1 3200 0 0
TRAVELERS PPTY C COMMON 89393910 44279500 1121000 1 838800 154700 127500
TRAVELERS PPTY C COMMON 89393910 26757300 677400 2 672600 0 4800
TRAVELERS PPTY C COMMON 89393910 983550 24900 3 0 0 24900
TRICON GLOBAL RE COMMON 89595310 1778044 43700 1 42700 1000 0
TRIBUNE CO COMMON 89604710 -6093925 -69200 1 1300 0 -70500
TUPPERWARE CORP COMMON 89989610 35437.5 1500 1 1500 0 0
TYCO INTL LTD COMMON 90212410 3.28E+08 3355034 1 2466526 336200 552308
TYCO INTL LTD COMMON 90212410 1.47E+08 1503600 2 1488800 0 14800
TYCO INTL LTD COMMON 90212410 7277719 74500 3 0 0 74500
UAL CORP COMMON 90254950 99008365 1560723 1 1249223 149200 162300
UAL CORP COMMON 90254950 15637344 246500 2 240700 0 5800
UAL CORP COMMON 90254950 2309125 36400 3 0 0 36400
USX-MARATHON OIL COMMON 90290582 7739550 254800 1 241400 0 13400
USX-MARATHON OIL COMMON 90290582 13255650 436400 2 436400 0 0
UST COMMON 90291110 67248300 2169300 1 1407900 656100 105300
UST COMMON 90291110 10676400 344400 2 338100 0 6300
UST COMMON 90291110 403000 13000 3 0 0 13000
US BANCORP DEL COMMON 90297310 7622513 244900 1 242900 2000 0
US BANCORP DEL COMMON 90297310 9885300 317600 2 317600 0 0
USX-U S STEEL COMMON 90337T10 -93375 -3600 1 1500 0 -5100
UNIFI INC COMMON 90467710 -1564488 -97400 1 0 0 -97400
UNILEVER N.V. ADR 90478470 -1.1E+07 -151187 1 9438 0 -160625
UNILEVER N.V. ADR 90478470 15372710 220003 2 220003 0 0
UNICOM CORP COMMON 90491110 141300 3600 1 3600 0 0
UN CARBIDE COMMON 90558110 -1286400 -26800 1 1400 0 -28200
UNION PACIFIC COMMON 90781810 18955063 349000 1 334900 2100 12000
UNION PAC 144A CONVPREF90782420 -19998 219000 1 219000 0 0
UNION PAC REG CONVPREF90782440 -19998 27000 1 27000 0 0
UNION PAC RES GR COMMON 90783410 234000 13000 1 13000 0 0
UNISYS CORP COMMON 90921410 53056.25 1300 1 1300 0 0
UNITED HEALTHCAR COMMON 91058110 115900 1900 1 1900 0 0
USAIR GROUP COMMON 91190510 24189375 679000 1 636900 0 42100
USAIR GROUP COMMON 91190510 8293500 232800 2 232800 0 0
U S WEST INC NEW COMMON 91273H10 36422094 635500 1 289500 306400 39600
U S WEST INC NEW COMMON 91273H10 16752444 292300 2 2600 289500 200
U S WEST INC NEW COMMON 91273H10 68775 1200 3 0 0 1200
UNITD TECHNOLOGI COMMON 91301710 3.85E+08 5774430 1 4367306 520281 886843
UNITD TECHNOLOGI COMMON 91301710 1.75E+08 2628800 2 2610000 0 18800
UNITD TECHNOLOGI COMMON 91301710 8080791 121174 3 0 0 121174
UNIVERSAL CORP COMMON 91345610 35359513 1176200 1 1156500 3700 16000
UNIVERSAL CORP COMMON 91345610 727512.5 24200 3 0 0 24200
UNIV FOODS CORP COMMON 91353810 27258645 1249680 1 1204280 1600 43800
UNIV FOODS CORP COMMON 91353810 19474200 892800 2 889600 0 3200
UNIVERSAL HEALTH COMMON 91390310 10712981 251700 1 175000 45200 31500
UNIVERSAL HEALTH COMMON 91390310 4958531 116500 2 116500 0 0
UNIVERSAL HEALTH COMMON 91390310 868275 20400 3 0 0 20400
UNOCAL COMMON 91528910 -1277938 -32200 1 3500 0 -35700
UNOCAL 144A CONVPREF91528T20 -19998 274664 1 274664 0 0
UNUM CORP COMMON 91529Y10 1940625 37500 1 34400 1100 2000
UNUM CORP COMMON 91529Y10 72450 1400 2 0 0 1400
V F CORP COMMON 91820410 1501000 38000 1 36500 0 1500
VIACOM INC COMMON 92552430 69414615 1655192 1 1301100 17800 336292
VIACOM INC COMMON 92552430 37848594 902500 2 901100 0 1400
VIACOM INC COMMON 92552430 3216606 76700 3 0 0 76700
VIAD CORP COMMON 92552R10 8047413 243400 1 208800 1800 32800
VIAD CORP COMMON 92552R10 363687.5 11000 3 0 0 11000
VORNADO RLTY TR SBI 92904210 123812.5 3500 1 3500 0 0
VORNADO RLTY TR SBI 92904210 3891250 110000 2 110000 0 0
WPP GROUP ADS ADR 92930930 2353850 26300 1 24900 500 900
WACHOVIA CORP COMMON 92977110 -7306650 -93600 1 2200 0 -95800
WAL-MART STORES COMMON 93114210 1.41E+08 3343632 1 2180200 501900 661532
WAL-MART STORES COMMON 93114210 1.06E+08 2503100 2 2476600 0 26500
WAL-MART STORES COMMON 93114210 5065775 119900 3 0 0 119900
WALGREEN CO COMMON 93142210 -1E+07 -359300 1 9600 0 -368900
WARNER-LAMBERT COMMON 93448810 43441200 658200 1 486800 104000 67400
WARNER-LAMBERT COMMON 93448810 14698200 222700 2 220000 0 2700
WARNER-LAMBERT COMMON 93448810 2217600 33600 3 0 0 33600
WASHINGTON MUT I COMMON 93932210 10211400 297600 1 128300 439900 -270600
WASHINGTON MUT I COMMON 93932210 16494019 480700 2 0 480700 0
WASHINGTON MUT I COMMON 93932210 113231.3 3300 3 0 0 3300
WASH REAL ESTAT SBI 93965310 101250 6000 1 6000 0 0
WASTE MANAGEMENT COMMON 94106L10 56028855 2197210 1 1722755 345155 129300
WASTE MANAGEMENT COMMON 94106L10 33852117 1327534 2 947300 377234 3000
WASTE MANAGEMENT COMMON 94106L10 1122000 44000 3 0 0 44000
WEBB DEL E CORP COMMON 94742310 13236525 594900 1 465500 3600 125800
WEBB DEL E CORP COMMON 94742310 164650 7400 2 7400 0 0
WEBB DEL E CORP COMMON 94742310 215825 9700 3 0 0 9700
WELLPOINT HEALTH COMMON 94973H10 -993713 -12100 1 0 0 -12100
WELLS FARGO COMMON 94974610 2.21E+08 5664820 1 4365200 637100 662520
WELLS FARGO COMMON 94974610 70106400 1797600 2 1783200 0 14400
WELLS FARGO COMMON 94974610 2496000 64000 3 0 0 64000
WENDYS FING I CONVPREF95058820 5030875 83500 1 83500 0 0
WENDYS INTL INC COMMON 95059010 14493625 493400 1 105200 388200 0
WENDYS INTL INC COMMON 95059010 13157063 447900 2 0 447900 0
WESTPOINT STEVEN COMMON 96123810 13987425 513300 1 297800 115900 99600
WESTVACO COMMON 96154810 27387531 930362 1 942362 0 -12000
WEYERHAEUSER COMMON 96216610 659812.5 10200 1 11200 0 -1000
WHIRLPOOL COMMON 96332010 -1290375 -18000 1 1300 0 -19300
WHITMAN CORP COMMON 96647R10 -99125 -5200 1 0 0 -5200
WILLAMETTE COMMON 96913310 6318000 140400 1 94000 42100 4300
WILLIAMS CO COMMON 96945710 -3306113 -78600 1 4100 0 -82700
WINN-DIXIE COMMON 97428010 55475 1400 1 1400 0 0
WRIGLEY WM JR CO COMMON 98252610 87656.25 1100 1 1100 0 0
XILINX COMMON 98391910 1210075 19400 1 18400 1000 0
XEROX COMMON 98412110 8069263 165100 1 42800 272200 -149900
XEROX COMMON 98412110 14095550 288400 2 0 288400 0
DAIMLERCHRYSLER COMMON D1668R12 -1.2E+07 -161700 1 0 0 -161700
PARTNERRE LTD COMMON G6852T10 4180000 110000 1 108200 1800 0
PARTNERRE LTD COMMON G6852T10 5958400 156800 2 156800 0 0
TOMMY HILFIGER COMMON G8915Z10 92543213 2505400 1 2057400 166400 281600
TOMMY HILFIGER COMMON G8915Z10 41606400 1126400 2 1107200 0 19200
TOMMY HILFIGER COMMON G8915Z10 1736063 47000 3 0 0 47000
XL CAP LTD COMMON G9825510 3586905 68322 1 66122 2200 0
</TABLE)
<PAGE>
Form 13F Summary Page
Grand Total Equity Market: $ 26,212,425,157
List of other included managers: 0
No. 13F File Number
01 28-1714 Independence Investment Associates, Inc.
<PAGE>
</TABLE>
