United States Securities and Exchange Commission
Washington, DC 20549
Form 13F
Form 13 F 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 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, are 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, May 17, 1999
Report Type: 13F Holdings Report
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<S> <C> <C> <C> <S> <C> <C> <C>
description Security Class Cusip Market Value units discretion_code voting_sole voting_shared voting_none
================ ============== ======== ============ ========= =============== =========== ============= ===========
AK STL HLDG CORP COMMON 00154710 7716375 342000 SOLE 292900 0 49100
AMB PROPERTY COR COMMON 00163T10 43575 2100 SOLE 2100 0 0
AMB PROPERTY COR COMMON 00163T10 2490000 120000 Shared 120000 0 0
AMR CORP COMMON 00176510 31588612.5 539400 SOLE 433600 1700 104100
AMR CORP COMMON 00176510 5903100 100800 Shared 100800 0 0
A T & T COMMON 00195710 214713423.1875 2690223 SOLE 1886923 230000 573300
A T & T COMMON 00195710 112136562.5 1405000 Shared 1388600 0 16400
A T & T COMMON 00195710 5131943.75 64300 Other 0 0 64300
ABBOTT LABS COMMON 00282410 126416594.5 2700488 SOLE 1836000 274800 589688
ABBOTT LABS COMMON 00282410 82918981.25 1771300 Shared 1764000 0 7300
ABBOTT LABS COMMON 00282410 3323687.5 71000 Other 0 0 71000
ABITIBI-CONSOLID COMMON 00392410 -581625 -66000 SOLE 0 0 -66000
ADOBE SYSTEMS COMMON 00724F10 10720075 188900 SOLE 167900 16100 4900
ADOBE SYSTEMS COMMON 00724F10 3688750 65000 Shared 65000 0 0
ADOBE SYSTEMS COMMON 00724F10 953400 16800 Other 0 0 16800
ADVANC MICRO DEV COMMON 00790310 -4566300 -294600 SOLE 0 0 -294600
AETNA LIFE & CAS COMMON 00811710 -12856700 -154900 SOLE 1700 0 -156600
AETNA INC PREFER 00811720 8016250 106000 SOLE 106000 0 0
AIR PRODUCTS COMMON 00915810 47025250 1373000 SOLE 1104800 3000 265200
AIR PRODUCTS COMMON 00915810 47347200 1382400 Shared 1378900 0 3500
AIRBORNE FREIGH COMMON 00926610 229400 7400 SOLE 6900 500 0
AIRTOUCH COMMUNI COMMON 00949T10 541293.25 5602 SOLE 5602 0 0
ALASKA AIR COMMON 01165910 12141000 255600 SOLE 214500 1300 39800
ALASKA AIR COMMON 01165910 71250 1500 Shared 1500 0 0
ALASKA AIR COMMON 01165910 95000 2000 Other 0 0 2000
ALBERTSONS INC COMMON 01310410 48351387.5 888200 SOLE 755000 45200 88000
ALBERTSONS INC COMMON 01310410 42069300 772800 Shared 767700 0 5100
ALCAN ALUM LTD COMMON 01371610 -673706.25 -26100 SOLE 1400 0 -27500
ALCOA INC COMMON 01381710 2079968.75 50500 SOLE 50500 0 0
ALLIED SIGNAL COMMON 01951210 339393.75 6900 SOLE 6900 0 0
ALLIED WASTE IND COMMON 01958930 28297500 1960000 SOLE 1517800 19200 423000
ALLIED WASTE IND COMMON 01958930 10904643.75 755300 Shared 755300 0 0
ALLIED WASTE IND COMMON 01958930 792618.75 54900 Other 0 0 54900
ALLSTATE COMMON 02000210 101666143.75 2743100 SOLE 2061600 200500 481000
ALLSTATE COMMON 02000210 36376843.75 981500 Shared 973100 0 8400
ALLSTATE COMMON 02000210 2023612.5 54600 Other 0 0 54600
ALLTEL CORP COMMON 02003910 7366487.5 118100 SOLE 39500 240100 -161500
ALLTEL CORP COMMON 02003910 17776875 285000 Shared 0 285000 0
ALZA CORP DEL COMMON 02261510 -2421225 -63300 SOLE 3400 0 -66700
AMERADA HESS COMMON 02355110 -4848387.5 -95300 SOLE 1200 0 -96500
AMEREN CORP COMMON 02360810 82670343.75 2284500 SOLE 1513900 199100 571500
AMEREN CORP COMMON 02360810 30766612.5 850200 Shared 842000 0 8200
AMEREN CORP COMMON 02360810 184556.25 5100 Other 0 0 5100
AMERICA ONLINE I COMMON 02364J10 14685300 99900 SOLE 84700 11300 3900
AMERICA ONLINE I COMMON 02364J10 9760800 66400 Shared 66400 0 0
AM ELEC PWR IN COMMON 02553710 -5591968.75 -140900 SOLE 2000 0 -142900
AMER EXPRESS COMMON 02581610 56653528.5 481134 SOLE 491200 0 -10066
AMER EXPRESS COMMON 02581610 14094675 119700 Shared 119700 0 0
AMER EXPRESS COMMON 02581610 400350 3400 Other 0 0 3400
AMER GENL CORP. COMMON 02635110 176250 2500 SOLE 2500 0 0
AMER GREETINGS COMMON 02637510 7105000 280000 SOLE 249700 0 30300
AMER HOME PRODS COMMON 02660910 -14224500 -218000 SOLE 11400 0 -229400
AM INTNL GROUP COMMON 02687410 164702943.125 1365413 SOLE 933805 161200 270408
AM INTNL GROUP COMMON 02687410 82830171.875 686675 Shared 679025 0 7650
AM INTNL GROUP COMMON 02687410 1607328.125 13325 Other 0 0 13325
AMER STOR CO N COMMON 03009610 128700 3900 SOLE 3900 0 0
AMERITECH CORP COMMON 03095410 164242775 2850200 SOLE 1776000 411100 663100
AMERITECH CORP COMMON 03095410 66481962.5 1153700 Shared 1139100 0 14600
AMERITECH CORP COMMON 03095410 3215475 55800 Other 0 0 55800
AMGEN COMMON 03116210 120773375 1613000 SOLE 1099600 154300 359100
AMGEN COMMON 03116210 54763575 731400 Shared 729600 0 1800
AMGEN COMMON 03116210 3174700 42400 Other 0 0 42400
AMP INC COMMON 03189710 123050 2300 SOLE 2300 0 0
AMSOUTH BANCORP COMMON 03216510 213850 4700 SOLE 4700 0 0
ANADARKO PETE CO COMMON 03251110 -2336725 -61900 SOLE 9900 0 -71800
ANALOG DEVICES COMMON 03265410 5628700 189200 SOLE 169400 3800 16000
ANALOG DEVICES COMMON 03265410 645575 21700 Other 0 0 21700
ANHEUSER-BUSCH COMMON 03522910 155813411.25 2046810 SOLE 1130400 509900 406510
ANHEUSER-BUSCH COMMON 03522910 85153425 1118600 Shared 848100 263300 7200
ANHEUSER-BUSCH COMMON 03522910 3638775 47800 Other 0 0 47800
AON CORP COMMON 03738910 -3750725 -59300 SOLE 4200 500 -64000
APARTMENT INVT & COMMON 03748R10 108750 3000 SOLE 3000 0 0
APPLE COMPUTER COMMON 03783310 79062.5 2200 SOLE 3700 0 -1500
APPLIED MATLS COMMON 03822210 5138568.75 83300 SOLE 61700 0 21600
APPLIED MATLS COMMON 03822210 635381.25 10300 Other 0 0 10300
ARCHER-DAN-MIDLD COMMON 03948310 -2314559.0625 -157587 SOLE 5100 0 -162687
ARCHSTONE CMNTYS SBI 03958110 42262.5 2100 SOLE 2100 0 0
ARDEN RLTY GROUP COMMON 03979310 66750 3000 SOLE 3000 0 0
ASHLAND INC COMMON 04420410 3713031.25 90700 SOLE 55700 0 35000
ASSOCIATES FIRST COMMON 04600810 131751360 2927808 SOLE 2227868 176536 523404
ASSOCIATES FIRST COMMON 04600810 37766340 839252 Shared 827952 0 11300
ASSOCIATES FIRST COMMON 04600810 2712780 60284 Other 0 0 60284
ATLANTIC RICH COMMON 04882510 248625 3400 SOLE 3400 0 0
AUTODESK, INC COMMON 05276910 8230931.8125 203547 SOLE 110600 1100 91847
AUTOLIV INC COMMON 05280010 -101418.75 -2700 SOLE 0 0 -2700
AUTOMATIC DATA COMMON 05301510 -1530875 -37000 SOLE 5600 0 -42600
AVALONBAY CMNTYS COMMON 05348410 127500 4000 SOLE 4000 0 0
AVALONBAY CMNTYS COMMON 05348410 5904684.375 185245 Shared 185245 0 0
AVERY DENNISON COMMON 05361110 28374295 493466 SOLE 358400 28600 106466
AVERY DENNISON COMMON 05361110 24345500 423400 Shared 423400 0 0
AVERY DENNISON COMMON 05361110 120750 2100 Other 0 0 2100
AVON PRODUCTS COMMON 05430310 57044456.25 1212100 SOLE 981800 7000 223300
AVON PRODUCTS COMMON 05430310 24999600 531200 Shared 531200 0 0
AVON PRODUCTS COMMON 05430310 3397912.5 72200 Other 0 0 72200
BP AMOCO PLC ADR 05562210 90138763 892463 SOLE 681300 20300 190863
BP AMOCO PLC ADR 05562210 44672300 442300 Shared 436400 0 5900
BP AMOCO PLC ADR 05562210 1585700 15700 Other 0 0 15700
BRE PROPERTIES SBI 05564E10 5090625 225000 Shared 225000 0 0
BAKER HUGHES INC COMMON 05722410 75368.75 3100 SOLE 3100 0 0
BALL CORP COMMON 05849810 -93875 -2000 SOLE 0 0 -2000
BALTIMORE GAS&EL COMMON 05916510 48212.5 1900 SOLE 1900 0 0
BK N YORK INC COMMON 06405710 57992343.75 1613700 SOLE 1533800 1600 78300
BK N YORK INC COMMON 06405710 24530937.5 682600 Shared 679200 0 3400
BANK ONE CORP COMMON 06423A10 85868757.375 1559478 SOLE 827424 379064 352990
BANK ONE CORP COMMON 06423A10 42511994.25 772068 Shared 441436 324432 6200
BANK ONE CORP COMMON 06423A10 1096624.75 19916 Other 0 0 19916
BANKAMERICA CORP COMMON 06605F10 260233350 3684720 SOLE 2597324 463352 624044
BANKAMERICA CORP COMMON 06605F10 72866920 1031744 Shared 769147 255497 7100
BANKAMERICA CORP COMMON 06605F10 2422437.5 34300 Other 0 0 34300
BNKRS TRST NY CO COMMON 06636510 97075 1100 SOLE 1100 0 0
BARD CR INC COMMON 06738310 -7948950 -157600 SOLE 0 0 -157600
BARRICK GOLD COR COMMON 06790110 97256.25 5700 SOLE 5700 0 0
BAUSCH & LOMB COMMON 07170710 5505500 84700 SOLE 83700 1000 0
BAXTER INTERNL COMMON 07181310 165000 2500 SOLE 2500 0 0
BECTN DICKSN &CO COMMON 07588710 6566915.75 171404 SOLE 164800 1100 5504
BECTN DICKSN &CO COMMON 07588710 14482125 378000 Shared 378000 0 0
BELL ATLANTIC COMMON 07785310 98198807 1899856 SOLE 1422000 100800 377056
BELL ATLANTIC COMMON 07785310 63239656.25 1223500 Shared 1216900 0 6600
BELL ATLANTIC COMMON 07785310 1524781.25 29500 Other 0 0 29500
BELLSOUTH COMMON 07986010 135854661.75 3391068 SOLE 2136100 392100 862868
BELLSOUTH COMMON 07986010 59793281.25 1492500 Shared 1468600 0 23900
BELLSOUTH COMMON 07986010 1923000 48000 Other 0 0 48000
BEMIS INC COMMON 08143710 -83868.75 -2700 SOLE 0 0 -2700
BERKSHIRE RLTY I COMMON 08471010 66006.25 5900 SOLE 5900 0 0
BESTFOODS INC COMMON 08658U10 18503900 393700 SOLE 315000 86800 -8100
BETHLEHEM STEEL COMMON 08750910 -2856150 -346200 SOLE 0 0 -346200
BIOGEN INC COMMON 09059710 8550575 74800 SOLE 69200 700 4900
BIOGEN INC COMMON 09059710 1543218.75 13500 Other 0 0 13500
BLACK & DECKER COMMON 09179710 20134900 363200 SOLE 295000 1000 67200
BLACK & DECKER COMMON 09179710 9030768.75 162900 Shared 162900 0 0
BLACK & DECKER COMMON 09179710 681881.25 12300 Other 0 0 12300
BLOCK H & R INC COMMON 09367110 80537.5 1700 SOLE 1700 0 0
BOEING CO COMMON 09702310 996200 29300 SOLE 8800 0 20500
BOISE CASCADE COMMON 09738310 -393450 -12200 SOLE 0 0 -12200
BORG-WARNER AUTO COMMON 09972410 9495562.5 198600 SOLE 171900 500 26200
BOSTON PROPERTIE COMMON 10112110 31625 1000 SOLE 1000 0 0
BOSTON SCIENTIFI COMMON 10113710 -6890000 -169600 SOLE 4100 0 -173700
BOWATER INC COMMON 10218310 -1965400 -49600 SOLE 0 0 -49600
BOYKIN LODGING C COMMON 10343010 42000 3500 SOLE 3500 0 0
BRADLEY REAL EST SBI 10458010 2949375 165000 Shared 165000 0 0
BRANDYWINE RLTY SBI 10536820 3412500 210000 Shared 210000 0 0
BRINKER INT'L COMMON 10964110 295687.5 11400 SOLE 11400 0 0
BRISTOL MYERS SQ COMMON 11012210 180885852 2820832 SOLE 1943800 237800 639232
BRISTOL MYERS SQ COMMON 11012210 122170950 1905200 Shared 1894200 0 11000
BRISTOL MYERS SQ COMMON 11012210 5950800 92800 Other 0 0 92800
BRITISH TELECOM ADR 11102140 -15581393.75 -94900 SOLE 0 0 -94900
BROWNING FERRIS COMMON 11588510 1858712.5 48200 SOLE 30500 1300 16400
BRUNSWICK CORP COMMON 11704310 47656.25 2500 SOLE 2500 0 0
BURLINGTON INDUS COMMON 12169310 -72875 -11000 SOLE 0 0 -11000
BURLINGTON NORTH COMMON 12189T10 153993075 4684200 SOLE 3446100 281400 956700
BURLINGTON NORTH COMMON 12189T10 49568925 1507800 Shared 1492500 0 15300
BURLINGTON NORTH COMMON 12189T10 2396587.5 72900 Other 0 0 72900
BURLGTON RESOURC COMMON 12201410 71887.5 1800 SOLE 1800 0 0
BURNHAM PAC PPTY COMMON 12232C10 1815625 175000 Shared 175000 0 0
CBS CORP COMMON 12490K10 -2628325 -64400 SOLE 6500 0 -70900
CIGNA CORP COMMON 12550910 143237909.25 1709028 SOLE 1473400 800 234828
CIGNA CORP COMMON 12550910 44621775 532400 Shared 529500 0 2900
CIGNA CORP COMMON 12550910 636975 7600 Other 0 0 7600
CMS ENERGY COMMON 12589610 16627275 413100 SOLE 62500 350600 0
CMS ENERGY COMMON 12589610 17166625 426500 Shared 0 426500 0
CONSOL FREIGHT COMMON 12612W10 461312.5 12200 SOLE 12200 0 0
CSX CORP COMMON 12640810 16688612.5 428600 SOLE 74500 354100 0
CSX CORP COMMON 12640810 17354443.75 445700 Shared 0 445700 0
CVS TRACERS PRF PREFER 12664520 11756250 137500 SOLE 137500 0 0
CVS CORP COMMON 12665010 -1444000 -30400 SOLE 3700 0 -34100
CABLETRON SYS COMMON 12692010 -339781.25 -41500 SOLE 0 0 -41500
CADENCE DESIGN COMMON 12738710 36966700 1435600 SOLE 1238300 10600 186700
CADENCE DESIGN COMMON 12738710 11669900 453200 Shared 446900 0 6300
CADENCE DESIGN COMMON 12738710 1601650 62200 Other 0 0 62200
CAMDEN PROP TRUS SBI 13313110 3588750 145000 Shared 145000 0 0
CAMPBELL SOUP COMMON 13442910 -4219293.75 -103700 SOLE 3500 0 -107200
CANADIAN PAC LTD COMMON 13592310 14836200 758400 SOLE 559800 5700 192900
CANADIAN PAC LTD COMMON 13592310 3480168.75 177900 Shared 177900 0 0
CANADIAN PAC LTD COMMON 13592310 346256.25 17700 Other 0 0 17700
CAPITAL ONE FINL COMMON 14040H10 -10962600 -72600 SOLE 0 0 -72600
CARDINAL HEALTH COMMON 14149Y10 226690860 3434710 SOLE 2345960 384950 703800
CARDINAL HEALTH COMMON 14149Y10 112632300 1706550 Shared 1691050 0 15500
CARDINAL HEALTH COMMON 14149Y10 6788100 102850 Other 0 0 102850
CAROL PWR & LT COMMON 14414110 -3558156.25 -94100 SOLE 42400 0 -136500
CARRAMERICA RLTY COMMON 14441810 44125 2000 SOLE 2000 0 0
CARRAMERICA RLTY COMMON 14441810 3309375 150000 Shared 150000 0 0
CASE CORP COMMON 14743R10 -1859987.5 -73300 SOLE 0 0 -73300
CASE CORP CONVPREF 14743R30 -19998 75000 SOLE 75000 0 0
CATELLUS DEV COMMON 14911110 4012500 300000 Shared 300000 0 0
CATERPILLAR INC COMMON 14912310 0 0 SOLE 2900 0 -2900
CENDANT CORP COMMON 15131310 127500 8000 SOLE 8000 0 0
CENTERPOINT PPTY SBI 15189510 34375 1100 SOLE 1100 0 0
CENTERTRUST RETA COMMON 15203810 33350 2900 SOLE 2900 0 0
CENTEX CORP COMMON 15231210 12612412.5 377900 SOLE 339400 2400 36100
CENTEX CORP COMMON 15231210 110137.5 3300 Other 0 0 3300
CENT & S W COMMON 15235710 14498437.5 618600 SOLE 85900 532700 0
CENT & S W COMMON 15235710 14092968.75 601300 Shared 0 601300 0
CERIDIAN CORP COMMON 15677T10 -285187.5 -7800 SOLE 2600 0 -10400
CHAMPION INTNL COMMON 15852510 -1790325 -43600 SOLE 1400 0 -45000
CHASE MANHATTAN COMMON 16161A10 9724312.5 119500 SOLE 109000 64800 -54300
CHASE MANHATTAN COMMON 16161A10 17902500 220000 Shared 0 220000 0
CHATEAU CMNTYS I COMMON 16172610 49500 1800 SOLE 1800 0 0
CHATEAU CMNTYS I COMMON 16172610 4125000 150000 Shared 150000 0 0
CHEVRON COMMON 16675110 -789875 -8900 SOLE 5900 0 -14800
CHIRON CORP COMMON 17004010 39487.5 1800 SOLE 1800 0 0
CHUBB CORP COMMON 17123210 117125 2000 SOLE 2000 0 0
CINERGY CORP COMMON 17247410 -96250 -3500 SOLE 1800 0 -5300
CIRCUIT CITY ST COMMON 17273710 -5179850 -67600 SOLE 1300 0 -68900
CISCO SYS COMMON 17275R10 141354798.4375 1290175 SOLE 992075 154000 144100
CISCO SYS COMMON 17275R10 95056425 867600 Shared 862200 0 5400
CISCO SYS COMMON 17275R10 6376537.5 58200 Other 0 0 58200
CITIGROUP INC COMMON 17296710 594570856.25 9308350 SOLE 6762100 1034300 1511950
CITIGROUP INC COMMON 17296710 244494337.5 3827700 Shared 3788300 0 39400
CITIGROUP INC COMMON 17296710 10411625 163000 Other 0 0 163000
CLAYTON HOMES COMMON 18419010 13663880.0625 1235153 SOLE 1079653 4125 151375
CLAYTON HOMES COMMON 18419010 2183460.9375 197375 Shared 197375 0 0
CLAYTON HOMES COMMON 18419010 266185.875 24062 Other 0 0 24062
CLEAR CHANNEL CO COMMON 18450210 174362.5 2600 SOLE 2600 0 0
CLOROX CO COMMON 18905410 24527343.75 209300 SOLE 165900 3500 39900
CLOROX CO COMMON 18905410 492187.5 4200 Other 0 0 4200
COASTAL CORP COMMON 19044110 75900 2300 SOLE 2300 0 0
COCA-COLA COMMON 19121610 -15411262.5 -251100 SOLE 21300 0 -272400
COKE ENT COMMON 19121910 -9483375 -313500 SOLE 0 0 -313500
COLGATE PL COMMON 19416210 132535200 1440600 SOLE 1016000 151300 273300
COLGATE PL COMMON 19416210 35926000 390500 Shared 385700 0 4800
COLGATE PL COMMON 19416210 570400 6200 Other 0 0 6200
COLUMBIA/HCA HEA COMMON 19767710 109837.5 5800 SOLE 5800 0 0
COMCAST CORP COMMON 20030020 220281.25 3500 SOLE 3500 0 0
COMCAST3.35% PFD PREFER 20030040 -19998 80000 SOLE 80000 0 0
COMERICA INC COMMON 20034010 144423744.1875 2313093 SOLE 1571450 197650 543993
COMERICA INC COMMON 20034010 62496815.625 1000950 Shared 987450 0 13500
COMERICA INC COMMON 20034010 4617253.125 73950 Other 0 0 73950
COMPAQ COMPUTER COMMON 20449310 97420050 3074400 SOLE 2118800 485600 470000
COMPAQ COMPUTER COMMON 20449310 54635587.5 1724200 Shared 1708300 0 15900
COMPAQ COMPUTER COMMON 20449310 3203606.25 101100 Other 0 0 101100
COMPUTER ASSOC COMMON 20491210 134301816.8125 3776501 SOLE 2468750 422900 884851
COMPUTER ASSOC COMMON 20491210 80815781.25 2272500 Shared 2255600 0 16900
COMPUTER ASSOC COMMON 20491210 3298421.875 92750 Other 0 0 92750
CMPTR SCIENCE CO COMMON 20536310 -353200 -6400 SOLE 14900 700 -22000
CONAGRA COMMON 20588710 14171137.5 553020 SOLE 476500 0 76520
CONAGRA COMMON 20588710 2562500 100000 Shared 100000 0 0
CONAGRA COMMON 20588710 166562.5 6500 Other 0 0 6500
CONOCO INC COMMON 20825130 186675 7600 SOLE 4000 3600 0
CONSECO INC COMMON 20846410 108062.5 3500 SOLE 3500 0 0
CON EDISON COMMON 20911510 1105625 24400 SOLE 2000 0 22400
CNSLDTD NAT GAS COMMON 20961510 76647173.25 1574268 SOLE 1001254 156700 416314
CNSLDTD NAT GAS COMMON 20961510 23404081.25 480700 Shared 473100 0 7600
CNSLDTD NAT GAS COMMON 20961510 1504443.75 30900 Other 0 0 30900
CONSOLIDAT PAPER COMMON 20975910 -141000 -6000 SOLE 0 0 -6000
CONSLD STORES COMMON 21014910 30497406.25 1006100 SOLE 772500 104800 128800
CONSLD STORES COMMON 21014910 13819468.75 455900 Shared 450000 0 5900
CONSLD STORES COMMON 21014910 1867250 61600 Other 0 0 61600
COOPER IND COMMON 21666910 -861025 -20200 SOLE 2400 0 -22600
CORN PRODS INTL COMMON 21902310 -49071.875 -2050 SOLE 0 0 -2050
CORNERSTONE PPTY COMMON 21922H10 24862.5 1700 SOLE 1700 0 0
CORNERSTONE PPTY COMMON 21922H10 292500 20000 Shared 20000 0 0
CORNING INC COMMON 21935010 -1812000 -30200 SOLE 5800 0 -36000
COSTCO COMPANIES COMMON 22160Q10 -7508125 -82000 SOLE 2500 0 -84500
COUSINS PPTYS IN COMMON 22279510 49193.75 1700 SOLE 1700 0 0
COUSINS PPTYS IN COMMON 22279510 3472500 120000 Shared 120000 0 0
CRESCENT REAL ES COMMON 22575610 68800 3200 SOLE 3200 0 0
CRESCENT REAL ES COMMON 22575610 3719500 173000 Shared 173000 0 0
CRWN CORK &SEAL COMMON 22825510 79975 2800 SOLE 2800 0 0
CUMMINS ENG INC COMMON 23102110 28450 800 SOLE 800 0 0
DPL INC COMMON 23329310 -4062300 -246200 SOLE 0 0 -246200
DQE INC. COMMON 23329J10 4271137.5 111300 SOLE 99100 800 11400
DANA CORP COMMON 23581110 86785274 2283823 SOLE 1540101 393300 350422
DANA CORP COMMON 23581110 39003200 1026400 Shared 554500 467000 4900
DANA CORP COMMON 23581110 794200 20900 Other 0 0 20900
DANAHER CORP COMMON 23585110 1572725 30100 SOLE 27200 1800 1100
DARDEN RESTAURAN COMMON 23719410 66000 3200 SOLE 3200 0 0
DAYTON-HUDSON COMMON 23975310 71790569.5 1077532 SOLE 838800 3300 235432
DAYTON-HUDSON COMMON 23975310 20913587.5 313900 Shared 313400 0 500
DAYTON-HUDSON COMMON 23975310 1552362.5 23300 Other 0 0 23300
DEERE & CO. COMMON 24419910 88837.5 2300 SOLE 2300 0 0
DELL COMPUTER COMMON 24702510 104124975 2547400 SOLE 1898500 434400 214500
DELL COMPUTER COMMON 24702510 55377450 1354800 Shared 1343000 0 11800
DELL COMPUTER COMMON 24702510 6159862.5 150700 Other 0 0 150700
DELTA AIRLINES COMMON 24736110 24582150 353700 SOLE 250600 80800 22300
DELTA AIRLINES COMMON 24736110 5740700 82600 Shared 82600 0 0
DELTA AIRLINES COMMON 24736110 41700 600 Other 0 0 600
DELUXE CORP COMMON 24801910 14562.5 500 SOLE 1700 0 -1200
DEVELOPER REALTY COMMON 25159110 31487.5 2200 SOLE 2200 0 0
DEVELOPER REALTY COMMON 25159110 3077187.5 215000 Shared 215000 0 0
DIAL CORP NEW COMMON 25247D10 93262812.5 2713100 SOLE 2345300 103200 264600
DIAL CORP NEW COMMON 25247D10 41875625 1218200 Shared 1210200 0 8000
DIAL CORP NEW COMMON 25247D10 1945625 56600 Other 0 0 56600
DIEBOLD INC COMMON 25365110 837600 34900 SOLE 34100 800 0
DILLARD DEPT STO COMMON 25406710 167475 6600 SOLE 6600 0 0
DISNEY WALT COMMON 25468710 -11867962.5 -381300 SOLE 17600 0 -398900
DOMINION RES INC COMMON 25747010 32207653.125 871950 SOLE 667350 8200 196400
DOMINION RES INC COMMON 25747010 29147381.25 789100 Shared 785900 0 3200
DONNELLEY & SONS COMMON 25786710 2124375 66000 SOLE 66000 0 0
DOVER CORP COMMON 26000310 -713387.5 -21700 SOLE 2200 0 -23900
DOW CHEMICAL COMMON 26054310 -419343.75 -4500 SOLE 1900 0 -6400
DOW JONES COMMON 26056110 70781.25 1500 SOLE 1500 0 0
DUPONT E I COMMON 26353410 -8390031.25 -144500 SOLE 9600 0 -154100
DUKE ENERGY COMMON 26439910 11521587.5 210200 SOLE 188300 0 21900
DUKE REALTY INVT COMMON 26441150 25800 1200 SOLE 1200 0 0
DUKE REALTY INVT COMMON 26441150 4837500 225000 Shared 225000 0 0
DUN & BRADSTREET COMMON 26483B10 96187.5 2700 SOLE 2700 0 0
E M C CORP MASS COMMON 26864810 50116325 392300 SOLE 347100 2700 42500
E M C CORP MASS COMMON 26864810 102200 800 Shared 0 0 800
E M C CORP MASS COMMON 26864810 817600 6400 Other 0 0 6400
EASTMAN CHEMICAL COMMON 27743210 42062.5 1000 SOLE 1000 0 0
EASTMAN KODAK COMMON 27746110 -3800562.5 -59500 SOLE 2900 0 -62400
EATON CORP COMMON 27805810 57200 800 SOLE 800 0 0
EDISON INTL COMMON 28102010 62300 2800 SOLE 2800 0 0
J D EDWARDS & CO COMMON 28166710 26288762.5 2202200 SOLE 1522000 438600 241600
J D EDWARDS & CO COMMON 28166710 11147237.5 933800 Shared 923400 0 10400
J D EDWARDS & CO COMMON 28166710 975293.75 81700 Other 0 0 81700
EL PASO ENERGY C CONVPREF 28367820 5197500 108000 SOLE 108000 0 0
EL PASO ENERGY COMMON 28390510 47279069.25 1446396 SOLE 821940 464500 159956
EL PASO ENERGY COMMON 28390510 238618.75 7300 Shared 0 0 7300
EL PASO ENERGY COMMON 28390510 1013312.5 31000 Other 0 0 31000
ELEC DATA SYS COMMON 28566110 -7278781.25 -149500 SOLE 4300 0 -153800
EMERSON ELECTRIC COMMON 29101110 -2943325 -55600 SOLE 3300 0 -58900
ENRON CORP COMMON 29356110 186325 2900 SOLE 2900 0 0
ENTERGY CORP COMMON 29364G10 -3014000 -109600 SOLE 2500 0 -112100
EQUIFAX INC COMMON 29442910 -5610000 -163200 SOLE 0 0 -163200
EQUITABLE COS COMMON 29444G10 3860430 55149 SOLE 45749 2000 7400
EQUITABLE COS COMMON 29444G10 826000 11800 Other 0 0 11800
EQUITY OFFICE PR COMMON 29474110 123221 4856 SOLE 4856 0 0
EQUITY OFFICE PR COMMON 29474110 6549109.875 258093 Shared 258093 0 0
EQUITY RESIDENTI SBI 29476L10 115500 2800 SOLE 2800 0 0
EQUITY RESIDENTI SBI 29476L10 6476250 157000 Shared 157000 0 0
EXXON CORP COMMON 30229010 82304100 1166400 SOLE 686600 199200 280600
EXXON CORP COMMON 30229010 60034575 850800 Shared 838200 0 12600
EXXON CORP COMMON 30229010 656231.25 9300 Other 0 0 9300
FPL GROUP COMMON 30257110 83799525 1573700 SOLE 1114400 120400 338900
FPL GROUP COMMON 30257110 48335025 907700 Shared 898400 0 9300
FPL GROUP COMMON 30257110 883950 16600 Other 0 0 16600
FDX CORP COMMON 31304N10 -16079700 -172900 SOLE 1400 0 -174300
FED HOME LN MTG COMMON 31340030 366800 6400 SOLE 6400 0 0
FED MOGUL CORP COMMON 31354910 6745950 157800 SOLE 134000 2400 21400
FED MOGUL CORP COMMON 31354910 13350825 312300 Shared 312300 0 0
FED'L MOGUL 144A CONVPREF 31355220 -19998 176000 SOLE 176000 0 0
FED'L MOGUL REGS CONVPREF 31355240 -9999 15000 SOLE 15000 0 0
FED NATL MTG AS COMMON 31358610 226218975 3266700 SOLE 2273700 284600 708400
FED NATL MTG AS COMMON 31358610 110723825 1598900 Shared 1585300 0 13600
FED NATL MTG AS COMMON 31358610 6149400 88800 Other 0 0 88800
FED RLTY INVT T SBI 31374720 25425 1200 SOLE 1200 0 0
FEDERATED DEPT S COMMON 31410H10 92287.5 2300 SOLE 2300 0 0
FELCOR LODGING T COMMON 31430F10 231875 10000 Shared 10000 0 0
FIFTH 3RD BANCO COMMON 31677310 5116750 77600 SOLE 75100 1500 1000
FIFTH 3RD BANCO COMMON 31677310 8565281.25 129900 Shared 129900 0 0
FIFTH 3RD BANCO COMMON 31677310 969281.25 14700 Other 0 0 14700
FIRST DATA CORP COMMON 31996310 15535350 363400 SOLE 337900 4400 21100
1ST TENN NATL C COMMON 33716210 42298212.5 1154900 SOLE 728600 239500 186800
1ST TENN NATL C COMMON 33716210 347937.5 9500 Other 0 0 9500
FIRST UNION COMMON 33735810 91933875 1720400 SOLE 1271600 68600 380200
FIRST UNION COMMON 33735810 33478593.75 626500 Shared 616000 0 10500
FIRST UNION COMMON 33735810 2073375 38800 Other 0 0 38800
1ST VA BKS INC COMMON 33747710 -8509296.875 -186250 SOLE 0 0 -186250
FLEET FINANCIAL COMMON 33891510 9368625 249000 SOLE 174700 2300 72000
FLEET FINANCIAL COMMON 33891510 82775 2200 Shared 0 0 2200
FLEETWOOD CAP PR CONVPREF 33907220 -19998 110000 SOLE 110000 0 0
FLEETWOOD COMMON 33909910 555325 19400 SOLE 19400 0 0
FLA PROGRESS CO COMMON 34110910 88946550 2356200 SOLE 1676600 264900 414700
FLA PROGRESS CO COMMON 34110910 40418925 1070700 Shared 1055700 0 15000
FLA PROGRESS CO COMMON 34110910 1532650 40600 Other 0 0 40600
FLOWERS INDS IN COMMON 34349610 60742487.5 2466700 SOLE 1940000 26300 500400
FLOWERS INDS IN COMMON 34349610 12140125 493000 Shared 470100 0 22900
FLOWERS INDS IN COMMON 34349610 608237.5 24700 Other 0 0 24700
FLUOR CORP COMMON 34386110 -216000 -8000 SOLE 0 0 -8000
FORD MOTOR COMMON 34537010 299026449.125 5274998 SOLE 3748500 688600 837898
FORD MOTOR COMMON 34537010 96289387.5 1698600 Shared 1348800 324000 25800
FORD MOTOR COMMON 34537010 4155193.75 73300 Other 0 0 73300
FOREST LABS INC COMMON 34583810 -11962775 -212200 SOLE 0 0 -212200
FORT JAMES CORP COMMON 34747110 49945964.25 1576204 SOLE 1081104 426600 68500
FORT JAMES CORP COMMON 34747110 30901650 975200 Shared 471500 499100 4600
FORT JAMES CORP COMMON 34747110 624243.75 19700 Other 0 0 19700
FORTUNE BRANDS I COMMON 34963110 61600 1600 SOLE 1600 0 0
FRANCHISE FIN CO COMMON 35180710 2801312.5 133000 Shared 133000 0 0
FREEPORT-MCMORAN COMMON 35671D85 -34800 -3200 SOLE 0 0 -3200
G T E CORP COMMON 36232010 65309750 1079500 SOLE 801300 197000 81200
G T E CORP COMMON 36232010 36560150 604300 Shared 602100 0 2200
G T E CORP COMMON 36232010 1294700 21400 Other 0 0 21400
GANNETT COMMON 36473010 976500 15500 SOLE 14500 0 1000
GAP INC COMMON 36476010 -2174193.75 -32300 SOLE 5300 0 -37600
GAP INC COMMON 36476010 302906.25 4500 Other 0 0 4500
GENENTECH INC COMMON 36871030 3669075 41400 SOLE 36300 900 4200
GENENTECH INC COMMON 36871030 70900 800 Other 0 0 800
GENL DYNAMICS COMMON 36955010 34605050 538600 SOLE 242800 150700 145100
GENL DYNAMICS COMMON 36955010 14244225 221700 Shared 220000 0 1700
GENL DYNAMICS COMMON 36955010 771000 12000 Other 0 0 12000
GENL ELECTRIC COMMON 36960410 448456492.5 4053844 SOLE 2909400 467100 677344
GENL ELECTRIC COMMON 36960410 294129750 2658800 Shared 2635700 0 23100
GENL ELECTRIC COMMON 36960410 15564937.5 140700 Other 0 0 140700
GENERAL INSTRUME COMMON 37012010 13871000 457600 SOLE 278400 90500 88700
GENERAL INSTRUME COMMON 37012010 3561718.75 117500 Shared 110600 0 6900
GENERAL MILLS COMMON 37033410 39496518.75 522700 SOLE 406700 4700 111300
GENERAL MILLS COMMON 37033410 11001900 145600 Shared 142400 0 3200
GENL MTRS COMMON 37044210 -5463600 -62800 SOLE 5900 0 -68700
GENUINE PARTS COMMON 37246010 54743.75 1900 SOLE 1900 0 0
GEORGIA PACIFIC COMMON 37329810 -2546775 -34300 SOLE 900 0 -35200
GILLETTE COMMON 37576610 -12036093.75 -202500 SOLE 9600 0 -212100
GLAXO PLC ADR 37733W10 16995431.25 253900 SOLE 234300 18200 1400
GLAXO PLC ADR 37733W10 15121181.25 225900 Shared 223200 0 2700
GLAXO PLC ADR 37733W10 261056.25 3900 Other 0 0 3900
GOLDEN WEST FINL COMMON 38131710 -1719000 -18000 SOLE 4000 300 -22300
GOLF TR AMER INC COMMON 38168B10 22375 1000 SOLE 1000 0 0
GOODRICH BF CO COMMON 38238810 74183625 2162000 SOLE 1331800 194900 635300
GOODRICH BF CO COMMON 38238810 26276512.5 765800 Shared 756700 0 9100
GOODRICH BF CO COMMON 38238810 1804837.5 52600 Other 0 0 52600
GOODYR TIRE&RUB COMMON 38255010 129512.5 2600 SOLE 2600 0 0
GRACE W R & CO D COMMON 38388F10 3847262.5 317300 SOLE 303100 6100 8100
GRAINGER WW INC COMMON 38480210 -490912.5 -11400 SOLE 1300 0 -12700
GREAT LAKES CHEM COMMON 39056810 33075 900 SOLE 900 0 0
GUIDANT CORP COMMON 40169810 42103039 695918 SOLE 558600 4000 133318
GUIDANT CORP COMMON 40169810 13794000 228000 Shared 227100 0 900
GUIDANT CORP COMMON 40169810 490050 8100 Other 0 0 8100
HALLIBURTON COMMON 40621610 19392450 503700 SOLE 73400 430300 0
HALLIBURTON COMMON 40621610 19057500 495000 Shared 0 495000 0
HARLAND JOHN COMMON 41269310 -994893.75 -76900 SOLE 0 0 -76900
HARTFORD FINL SV COMMON 41651510 212568513.75 3741580 SOLE 2862600 265800 613180
HARTFORD FINL SV COMMON 41651510 74714118.75 1315100 Shared 1306600 0 8500
HARTFORD FINL SV COMMON 41651510 1613475 28400 Other 0 0 28400
HARTFORD LIFE IN COMMON 41659210 59361500 1079300 SOLE 683200 110100 286000
HARTFORD LIFE IN COMMON 41659210 15064500 273900 Shared 268300 0 5600
HARTFORD LIFE IN COMMON 41659210 627000 11400 Other 0 0 11400
HASBRO INC COMMON 41805610 -3227254.6875 -111525 SOLE 3300 0 -114825
HAWAIIAN ELEC I COMMON 41987010 6563700 187200 SOLE 154100 700 32400
HEALTHSOUTH CORP COMMON 42192410 116335373 11213048 SOLE 7469800 1813800 1929448
HEALTHSOUTH CORP COMMON 42192410 51003500 4916000 Shared 4872800 0 43200
HEALTHSOUTH CORP COMMON 42192410 3389512.5 326700 Other 0 0 326700
HEALTH MGMT ASSO COMMON 42193310 13872787.5 1138280 SOLE 1039882 6350 92048
HEALTH MGMT ASSO COMMON 42193310 7644609.375 627250 Shared 627250 0 0
HEALTH MGMT ASSO COMMON 42193310 717149.0625 58843 Other 0 0 58843
HEINZ H J COMMON 42307410 88245412.5 1862700 SOLE 1292300 322700 247700
HEINZ H J COMMON 42307410 20565487.5 434100 Shared 430700 0 3400
HEINZ H J COMMON 42307410 810112.5 17100 Other 0 0 17100
HERCULES COMMON 42705610 70700 2800 SOLE 2800 0 0
HEWLETT PACKARD COMMON 42823610 53015812.5 781800 SOLE 463900 192200 125700
HEWLETT PACKARD COMMON 42823610 8347718.75 123100 Shared 120000 0 3100
HEWLETT PACKARD COMMON 42823610 1030750 15200 Other 0 0 15200
HIGHWOODS PPTYS COMMON 43128410 21206.25 900 SOLE 900 0 0
HIGHWOODS PPTYS COMMON 43128410 2356250 100000 Shared 100000 0 0
HILLENBRAND IND COMMON 43157310 475731.25 10300 SOLE 10300 0 0
HILTON HOTELS COMMON 43284810 54843.75 3900 SOLE 3900 0 0
HOME DEPOT INC COMMON 43707610 306445545 4922820 SOLE 3749300 368400 805120
HOME DEPOT INC COMMON 43707610 161638350 2596600 Shared 2578400 0 18200
HOME DEPOT INC COMMON 43707610 8901750 143000 Other 0 0 143000
HOME PPTYS N Y I COMMON 43730610 30062.5 1300 SOLE 1300 0 0
HONEYWELL COMMON 43850610 213169587.5 2811800 SOLE 2066400 423300 322100
HONEYWELL COMMON 43850610 88071381.25 1161700 Shared 890300 262500 8900
HONEYWELL COMMON 43850610 3358493.75 44300 Other 0 0 44300
HOST MARRIOTT PF CONVPREF 44107920 -19998 218000 SOLE 218000 0 0
HOUGHTON MIFFLI COMMON 44156010 -121875 -2600 SOLE 0 0 -2600
HOUSHLD INTL COR COMMON 44181510 22744062.5 498500 SOLE 398900 1100 98500
HOUSHLD INTL COR COMMON 44181510 191625 4200 Shared 2400 0 1800
HOUSTON INDS INC PREFER 44216120 29522500 245000 SOLE 245000 0 0
HUBBELL CLASS B COMMON 44351020 5536000 138400 SOLE 138400 0 0
HUMANA INC COMMON 44485910 -4405650 -255400 SOLE 0 0 -255400
HUSSMANN INTL IN COMMON 44811010 8655343.75 589300 SOLE 494750 1900 92650
HUSSMANN INTL IN COMMON 44811010 173312.5 11800 Other 0 0 11800
IMC GLOBAL COMMON 44966910 -102187.5 -5000 SOLE 0 0 -5000
IMS HEALTH INC COMMON 44993410 -4432125 -133800 SOLE 3600 0 -137400
ITT INDS INC IND COMMON 45091110 -3523350 -99600 SOLE 1400 0 -101000
IDACORP COMMON 45110710 650568.75 22100 SOLE 15200 0 6900
ILL TOOL WORKS COMMON 45230810 8204625 132600 SOLE 112800 600 19200
ILL TOOL WORKS COMMON 45230810 9405000 152000 Shared 152000 0 0
IMPL CHEM INDS ADR 45270450 25974806.25 725300 SOLE 263800 461500 0
IMPERIAL OIL LTD COMMON 45303840 1826437.5 95500 SOLE 40600 0 54900
INGERSOLL RAND COMMON 45686610 139083987.5 2802700 SOLE 2217350 207450 377900
INGERSOLL RAND COMMON 45686610 31623531.25 637250 Shared 632850 0 4400
INGERSOLL RAND COMMON 45686610 2282750 46000 Other 0 0 46000
ING RAND GROWTH PREFER 45686730 5152500 229000 SOLE 229000 0 0
INTG DEVICE TEC COMMON 45811810 -11893.75 -2200 SOLE 0 0 -2200
INTEL CORP COMMON 45814010 462648186 3891888 SOLE 2847300 379800 664788
INTEL CORP COMMON 45814010 216863662.5 1824300 Shared 1808000 0 16300
INTEL CORP COMMON 45814010 14597850 122800 Other 0 0 122800
IBM COMMON 45920010 218836395 1234620 SOLE 838100 110300 286220
IBM COMMON 45920010 106296825 599700 Shared 591000 0 8700
IBM COMMON 45920010 3101875 17500 Other 0 0 17500
INTL FLV & FRAGS COMMON 45950610 -2850993.75 -75900 SOLE 1400 0 -77300
INTN'L PAPER CNV CONVPREF 46013730 -19998 203000 SOLE 203000 0 0
INTL PAPER COMMON 46014610 -6914531.25 -163900 SOLE 2500 0 -166400
INTERPUBLIC GRP COMMON 46069010 856625 11000 SOLE 0 0 11000
INTIBRANDS INC COMMON 46115610 48125 1000 SOLE 600 400 0
IRVINE APT CMNTY COMMON 46360610 42737.5 1300 SOLE 1300 0 0
JDN REALTY CORP COMMON 46591710 97387.5 4900 SOLE 4900 0 0
JDN REALTY CORP COMMON 46591710 3975000 200000 Shared 200000 0 0
J.P. REALTY INC COMMON 46624A10 37406.25 1900 SOLE 1900 0 0
J.P. REALTY INC COMMON 46624A10 2559375 130000 Shared 130000 0 0
JAMESON INNS INC COMMON 47045710 38968.75 4300 SOLE 4300 0 0
JEFFERSON PILOT PREFER 47507020 6435000 55000 SOLE 55000 0 0
JOHNSON&JOHNSON COMMON 47816010 56133473 600358 SOLE 450000 99800 50558
JOHNSON&JOHNSON COMMON 47816010 62607600 669600 Shared 662400 0 7200
JOHNSON&JOHNSON COMMON 47816010 2655400 28400 Other 0 0 28400
JOHNS CTLS INC COMMON 47836610 -12475 -200 SOLE 1100 0 -1300
JONES APPAREL COMMON 48007410 52832606.25 1891100 SOLE 1423600 9600 457900
JONES APPAREL COMMON 48007410 21380568.75 765300 Shared 753300 0 12000
JONES APPAREL COMMON 48007410 379950 13600 Other 0 0 13600
K-MART COMMON 48258410 4228343.75 251500 SOLE 248000 3500 0
KS CITY SOUTHN COMMON 48517010 59867556 1050308 SOLE 769608 49700 231000
KS CITY SOUTHN COMMON 48517010 13856700 243100 Shared 239300 0 3800
KS CITY SOUTHN COMMON 48517010 1060200 18600 Other 0 0 18600
KELLOGG COMMON 48783610 -2218100 -65600 SOLE 3500 0 -69100
KERR-MCGEE COMMON 49238610 32812.5 1000 SOLE 1000 0 0
KEYCORP COMMON 49326710 -9442343.75 -311500 SOLE 5100 0 -316600
KEYSTONE FIN COMMON 49348210 -3840975 -119100 SOLE 0 0 -119100
KILROY RLTY CORP COMMON 49427F10 3382500 165000 Shared 165000 0 0
KIMBERLY CLARK COMMON 49436810 -316387.5 -6600 SOLE 4800 0 -11400
KIMCO REALTY COMMON 49446R10 47937.5 1300 SOLE 1300 0 0
KIMCO REALTY COMMON 49446R10 3687500 100000 Shared 100000 0 0
KMART CORP CONVPREF 49877820 9286750 153500 SOLE 153500 0 0
KNIGHT RIDE NEWS COMMON 49904010 215000 4300 SOLE 3500 800 0
KOGER EQUITY COMMON 50022810 20156.25 1500 SOLE 1500 0 0
KOMAG INC COMMON 50045310 -311937.5 -71300 SOLE 0 0 -71300
KROGER CO COMMON 50104410 -7526287.5 -125700 SOLE 2700 0 -128400
LSI LOGIC CORP COMMON 50216110 -5130343.75 -164500 SOLE 0 0 -164500
LAM RESEARCH COMMON 51280710 -881600 -30400 SOLE 0 0 -30400
LAUDER TRACE PRF PREFER 51843720 4372500 55000 SOLE 55000 0 0
LAUDER ESTEE COS COMMON 51843910 -302400 -3200 SOLE 0 0 -3200
LEAR CORP COMMON 52186510 76295368.75 1787300 SOLE 1528700 91000 167600
LEAR CORP COMMON 52186510 18146456.25 425100 Shared 422400 0 2700
LEAR CORP COMMON 52186510 1003156.25 23500 Other 0 0 23500
LIBERTY PPTY TR SBI 53117210 29050 1400 SOLE 1400 0 0
LIBERTY PPTY TR SBI 53117210 3942500 190000 Shared 190000 0 0
LILLY ELI COMMON 53245710 71541137.5 842900 SOLE 549400 173200 120300
LILLY ELI COMMON 53245710 25895362.5 305100 Shared 298900 0 6200
LILLY ELI COMMON 53245710 3293150 38800 Other 0 0 38800
LIMITED INC COMMON 53271610 103025 2600 SOLE 2600 0 0
LINCARE HLDGS IN COMMON 53279110 35133750 1249200 SOLE 794600 151200 303400
LINCARE HLDGS IN COMMON 53279110 18649687.5 663100 Shared 657400 0 5700
LINCARE HLDGS IN COMMON 53279110 843750 30000 Other 0 0 30000
LINCLN NATL CORP COMMON 53418710 53471600 540800 SOLE 287300 197300 56200
LINCLN NATL CORP COMMON 53418710 20229825 204600 Shared 0 204600 0
LINEAR TECH COMMON 53567810 46125 900 SOLE 0 900 0
LIZ CLAIBORNE IN COMMON 53932010 14704087.5 450700 SOLE 65000 385700 0
LOCKHEED MARTIN COMMON 53983010 65744871.5 1741586 SOLE 1214384 315202 212000
LOCKHEED MARTIN COMMON 53983010 37156268 984272 Shared 580200 404072 0
LOCKHEED MARTIN COMMON 53983010 864475 22900 Other 0 0 22900
LOUISIANA PAC CO COMMON 54634710 132237.5 7100 SOLE 7100 0 0
LOWES CO COMMON 54866110 274355884 4534808 SOLE 3662500 319800 552508
LOWES CO COMMON 54866110 84373300 1394600 Shared 1389000 0 5600
LOWES CO COMMON 54866110 4440700 73400 Other 0 0 73400
LUCENT TECHNOLOG COMMON 54946310 359700480 3330560 SOLE 2426000 294800 609760
LUCENT TECHNOLOG COMMON 54946310 184367016 1707102 Shared 1694302 0 12800
LUCENT TECHNOLOG COMMON 54946310 11037600 102200 Other 0 0 102200
LYONDELL PETRO COMMON 55207810 -1550793.75 -113300 SOLE 0 0 -113300
MBNA CORP COMMON 55262L10 31543005.375 1321173 SOLE 1033648 148600 138925
MBNA CORP COMMON 55262L10 7219800 302400 Shared 298950 0 3450
MBNA CORP COMMON 55262L10 1496962.5 62700 Other 0 0 62700
MCI WORLDCOM COMMON 55268B10 391818208.071875 4424199.9 SOLE 3234399.95 367400 82
MCI WORLDCOM COMMON 55268B10 205571275 2321200 Shared 2306100 0 15100
MCI WORLDCOM COMMON 55268B10 9493900 107200 Other 0 0 107200
MACK CALI RLTY C COMMON 55448910 88125 3000 SOLE 3000 0 0
MACK CALI RLTY C COMMON 55448910 3671875 125000 Shared 125000 0 0
MAGNA INTL INC COMMON 55922240 -145097.655 -2500 SOLE 0 0 -2500
MALLINCKRODT INC COMMON 56123210 -255600 -9600 SOLE 1500 0 -11100
MANPOWER CORP COMMON 56418H10 -2938237.5 -125700 SOLE 0 0 -125700
MFGRD HOME COMM COMMON 56468210 88800 3700 SOLE 3700 0 0
MFGRD HOME COMM COMMON 56468210 240000 10000 Shared 10000 0 0
MARSH & MCLENNAN COMMON 57174810 277866517.5 3742310 SOLE 2715050 304700 722560
MARSH & MCLENNAN COMMON 57174810 86449275 1164300 Shared 1149900 0 14400
MARSH & MCLENNAN COMMON 57174810 6125625 82500 Other 0 0 82500
MARRIOTT INTL IN COMMON 57190320 262275 7800 SOLE 7800 0 0
MASCO CORP. COMMON 57459910 36480242 1291336 SOLE 858800 139100 293436
MASCO CORP. COMMON 57459910 13136250 465000 Shared 465000 0 0
MASCO CORP. COMMON 57459910 1146950 40600 Other 0 0 40600
MATTEL INC COMMON 57708110 47269031.25 1895500 SOLE 762000 947000 186500
MATTEL INC COMMON 57708110 18698137.5 749800 Shared 0 749800 0
MATTEL INC COMMON 57708110 1182037.5 47400 Other 0 0 47400
MATTEL INC PREFER 57708170 2887500 275000 SOLE 275000 0 0
MAXIM INTEGR COMMON 57772K10 -3409875 -63000 SOLE 0 0 -63000
MAY DEPT STRS CO COMMON 57777810 21174410.875 541199 SOLE 541199 0 0
MAYTAG CORP COMMON 57859210 84525 1400 SOLE 1400 0 0
MCDONALDS COMMON 58013510 1830625 40400 SOLE 168000 0 -127600
MCGRAW HILL COMMON 58064510 119900 2200 SOLE 2200 0 0
MCKESSON PFD CONVPREF 58155P20 -19998 107500 SOLE 107500 0 0
MCKESSON PFD CONVPREF 58155P50 -9999 6000 SOLE 6000 0 0
MCKESSON HBOC, I COMMON 58155Q10 14229600 215600 SOLE 186900 900 27800
MCKESSON HBOC, I COMMON 58155Q10 8269800 125300 Shared 122500 0 2800
MEAD CORP COMMON 58283410 46125 1500 SOLE 1500 0 0
MEDIAONE GROUP I COMMON 58440J10 355250 5600 SOLE 5600 0 0
MEDTRONIC INC COMMON 58505510 -7927812.5 -110300 SOLE 8900 0 -119200
MELLON BK CORP COMMON 58550910 56982637.5 809700 SOLE 488500 223000 98200
MELLON BK CORP COMMON 58550910 731900 10400 Other 0 0 10400
MENTOR GRAPHICS COMMON 58720010 2829600 209600 SOLE 197400 2100 10100
MERCANTILE BANCO COMMON 58734210 1539000 32400 SOLE 34300 700 -2600
MERCK & CO COMMON 58933110 189623825 2366600 SOLE 1659000 309100 398500
MERCK & CO COMMON 58933110 126084700 1573600 Shared 1560200 0 13400
MERCK & CO COMMON 58933110 8493250 106000 Other 0 0 106000
MEREDITH CORP COMMON 58943310 -2093737.5 -66600 SOLE 0 0 -66600
MERITOR AUTOMOTI COMMON 59000G10 11471534.5 740099 SOLE 464799 3700 271600
MERITOR AUTOMOTI COMMON 59000G10 2362200 152400 Shared 152400 0 0
MERITOR AUTOMOTI COMMON 59000G10 35650 2300 Other 0 0 2300
MERRILL LYNCH COMMON 59018810 -10266000 -116000 SOLE 3500 0 -119500
MERRILL LYNCH PR PREFER 59018856 5966250 555000 SOLE 555000 0 0
MICROSOFT COMMON 59491810 644547150 7191600 SOLE 4880200 818400 1493000
MICROSOFT COMMON 59491810 386507812.5 4312500 Shared 4276900 0 35600
MICROSOFT COMMON 59491810 22639275 252600 Other 0 0 252600
MICROSOFT CORP CONVPREF 59491820 9850000 100000 SOLE 100000 0 0
MICRON TECHNOLOG COMMON 59511210 110831.25 2300 SOLE 2300 0 0
MILLIPORE CORP COMMON 60107310 -2576550 -106800 SOLE 0 0 -106800
MINN MINING COMMON 60405910 -4867600 -68800 SOLE 3200 0 -72000
MOBIL CORP COMMON 60705910 34742400 394800 SOLE 297100 2800 94900
MOBIL CORP COMMON 60705910 13965600 158700 Shared 156000 0 2700
MOBIL CORP COMMON 60705910 818400 9300 Other 0 0 9300
MONSANTO COMMON 61166210 -2108531.25 -45900 SOLE 5700 0 -51600
MONSANTO PREF PREFER 61166230 5115000 110000 SOLE 110000 0 0
MONT PWR CO COMMON 61208510 52957643.75 719900 SOLE 555000 33700 131200
MONT PWR CO COMMON 61208510 1169643.75 15900 Other 0 0 15900
MORGAN JP COMMON 61688010 -12115425 -98200 SOLE 2300 0 -100500
MG ST DEAN WIT COMMON 61744644 49013347.5 490440 SOLE 492900 700 -3160
MG ST DEAN WIT COMMON 61744644 27942525 279600 Shared 279600 0 0
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MYLAN LABS INC COMMON 62853010 41710487.5 1520200 SOLE 1188400 248700 83100
MYLAN LABS INC COMMON 62853010 41521168.75 1513300 Shared 1501800 0 11500
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NEW CENTURY ENER COMMON 64352U10 27250 800 Shared 0 0 800
NEW CENTURY ENER COMMON 64352U10 517750 15200 Other 0 0 15200
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NO TELECOM COMMON 66581510 146569027.5 2359260 SOLE 1457860 240000 661400
NO TELECOM COMMON 66581510 58304312.5 938500 Shared 938500 0 0
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OAKWOOD HOMES COMMON 67409810 218400 15600 Shared 9900 0 5700
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OGDEN CORP COMMON 67634610 308000 12800 Other 0 0 12800
OMNICARE INC COMMON 68190410 58483750 3068000 SOLE 2201800 459900 406300
OMNICARE INC COMMON 68190410 11155375 585200 Shared 580500 0 4700
OMNICARE INC COMMON 68190410 1999656.25 104900 Other 0 0 104900
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OMNICOM GROUP IN COMMON 68191910 6794687.5 85000 Shared 85000 0 0
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PECO ENERGY CO COMMON 69330410 41102375 888700 Shared 878900 0 9800
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PG&E CORP COMMON 69331C10 3864175 124400 SOLE 19800 109800 -5200
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PATRIOT AMERN HO SBI 70335220 1347895.5 263004 Shared 263004 0 0
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PEPSICO COMMON 71344810 5831100 148800 Shared 148800 0 0
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PHARMACIA & UPJO COMMON 71694110 -6867487.5 -110100 SOLE 4800 0 -114900
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PHILIP MORRIS COMMON 71815410 78228850 2223200 Shared 1860000 348400 14800
PHILIP MORRIS COMMON 71815410 2962787.5 84200 Other 0 0 84200
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PHILLIPS PETROL COMMON 71850710 16688700 353200 Shared 3700 349500 0
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PITNEY BOWES COMMON 72447910 30740250 482200 Shared 480200 0 2000
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PRECISION CASTP COMMON 74018910 26287275 653100 SOLE 510700 36900 105500
PRECISION CASTP COMMON 74018910 233450 5800 Shared 1900 0 3900
PREMARK INTL INC COMMON 74045910 3530900 107200 SOLE 97600 1200 8400
PRENTISS PPTYS T SBI 74070610 3750000 200000 Shared 200000 0 0
PROCTER & GAMBLE COMMON 74271810 124593247.3125 1272171 SOLE 875950 130000 266221
PROCTER & GAMBLE COMMON 74271810 76616506.25 782300 Shared 773100 0 9200
PROCTER & GAMBLE COMMON 74271810 3976262.5 40600 Other 0 0 40600
PROGRESSIVE CORP COMMON 74331510 -3817100 -26600 SOLE 44100 0 -70700
PROLOGIS TR SBI 74341010 147190 7180 SOLE 7180 0 0
PROLOGIS TR SBI 74341010 2809709.5 137059 Shared 137059 0 0
PUBLIC SVC ENT COMMON 74457310 76375 2000 SOLE 2000 0 0
PUBLIC STORAGE I COMMON 74460D10 130800 5232 SOLE 5232 0 0
PUBLIC STORAGE I COMMON 74460D10 3375000 135000 Shared 135000 0 0
QUAKER OAT COMMON 74740210 81485250 1309000 SOLE 828400 168700 311900
QUAKER OAT COMMON 74740210 57494100 923600 Shared 916200 0 7400
QUAKER OAT COMMON 74740210 2278350 36600 Other 0 0 36600
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RAYCHEM CORP COMMON 75460310 31587.5 1400 SOLE 1400 0 0
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RAYTHEON CLASS A COMMON 75511130 1088183.25 18843 Shared 0 18843 0
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REEBOK COMMON 75811010 -2976562.5 -187500 SOLE 0 0 -187500
REGENCY RLTY COR COMMON 75893910 24375 1300 SOLE 1300 0 0
REGENCY RLTY COR COMMON 75893910 3000000 160000 Shared 160000 0 0
RELIANT ENERGY I COMMON 75952J10 60509358.375 2321702 SOLE 1482802 716100 122800
RELIANT ENERGY I COMMON 75952J10 34642275 1329200 Shared 709500 604400 15300
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REYNOLDS & REYNO COMMON 76169510 8890100 467900 Shared 467900 0 0
REYNLD METALS COMMON 76176310 -1763406.25 -36500 SOLE 600 0 -37100
ROBERT HALF INTL COMMON 77032310 -3215625 -98000 SOLE 0 0 -98000
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RYDER SYSTEMS COMMON 78354910 248625 9000 Shared 0 0 9000
RYDER SYSTEMS COMMON 78354910 406087.5 14700 Other 0 0 14700
RYERSON TULL NEW COMMON 78375P10 -104222.5 -7096 SOLE 0 0 -7096
RYLAND GRP INC COMMON 78376410 4617000 182400 SOLE 162300 2800 17300
SBC COMMUNICATIO COMMON 78387G10 68766249.375 1457298 SOLE 1261650 12100 183548
SBC COMMUNICATIO COMMON 78387G10 49730906.25 1053900 Shared 1038300 0 15600
SAFECO CORP COMMON 78642910 -489293.75 -12100 SOLE 2000 0 -14100
SAFEWAY INC COMMON 78651420 241168.75 4700 SOLE 4700 0 0
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ST PAUL CAP L L CONVPREF 79285620 6352500 110000 SOLE 110000 0 0
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ST PAUL COS INC COMMON 79286010 14993868.75 482700 Shared 0 482700 0
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SCHERING PLOUGH COMMON 80660510 51802400 937600 Shared 924400 0 13200
SCHERING PLOUGH COMMON 80660510 4663100 84400 Other 0 0 84400
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SCHLUMBERGER COMMON 80685710 66206.25 1100 Other 0 0 1100
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SEPRACOR INC COMMON 81731510 12976100 115600 Shared 115000 0 600
SEPRACOR INC COMMON 81731510 561250 5000 Other 0 0 5000
SERV CORP INTL COMMON 81756510 54150 3800 SOLE 3800 0 0
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SIMON PPTY GROUP COMMON 82880610 3951000 144000 Shared 144000 0 0
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SMURFIT-STONE CO COMMON 83272710 15179625 786000 Shared 775000 0 11000
SMURFIT-STONE CO COMMON 83272710 1863656.25 96500 Other 0 0 96500
SOLUTIA INC COMMON 83437610 27433387.5 1578900 SOLE 1080500 178900 319500
SOLUTIA INC COMMON 83437610 15347337.5 883300 Shared 871500 0 11800
SOUTHERN CO COMMON 84258710 30558025 1310800 SOLE 590300 327000 393500
S WEST AIR COMMON 84474110 10783368.75 356475 SOLE 258625 400 97450
S WEST AIR COMMON 84474110 1601737.5 52950 Shared 52950 0 0
SPIEKER PPTYS IN COMMON 84849710 42300 1200 SOLE 1200 0 0
SPIEKER PPTYS IN COMMON 84849710 4018500 114000 Shared 114000 0 0
SPRINT (NEW) COMMON 85206110 -10028375 -102200 SOLE 4100 0 -106300
SPRINT PCS GRP COMMON 85206150 -9239156.25 -208500 SOLE 4600 0 -213100
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STATE STR CORP COMMON 85747710 37382625 454500 SOLE 442700 2100 9700
STATE STR CORP COMMON 85747710 8578675 104300 Shared 104300 0 0
STATE STR CORP COMMON 85747710 180950 2200 Other 0 0 2200
STORAGE USA INC COMMON 86190710 28375 1000 SOLE 1000 0 0
STORAGE USA INC COMMON 86190710 4086000 144000 Shared 144000 0 0
SUN COMMUNITIES COMMON 86667410 2857500 90000 Shared 90000 0 0
SUN MICROSYSTEMS COMMON 86681010 11105550 88800 SOLE 81600 300 6900
SUN MICROSYSTEMS COMMON 86681010 15107550 120800 Shared 120800 0 0
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SUNDSTRAND COMMON 86732310 1167600 16800 Other 0 0 16800
SUNOCO, INC COMMON 86764P10 33058493.75 916700 SOLE 695300 4100 217300
SUNOCO, INC COMMON 86764P10 176706.25 4900 Shared 0 0 4900
SUNOCO, INC COMMON 86764P10 641912.5 17800 Other 0 0 17800
SUNTRUST BANKS COMMON 86791410 1749225 28100 SOLE 13500 0 14600
SUNSTONE HOTEL I COMMON 86793310 21562.5 3000 SOLE 3000 0 0
SUNSTONE HOTEL I COMMON 86793310 1437500 200000 Shared 200000 0 0
SUPERVALU INC COMMON 86853610 35062.5 1700 SOLE 1700 0 0
SYSCO CORP COMMON 87182910 1120912.5 42600 SOLE 39500 1200 1900
TJX COS, INC COMMON 87254010 25007000 735500 SOLE 619000 45500 71000
TJX COS, INC COMMON 87254010 40313800 1185700 Shared 1185700 0 0
TJX COS, INC COMMON 87254010 2410600 70900 Other 0 0 70900
TRW INC COMMON 87264910 59150 1300 SOLE 1300 0 0
TANDY CORP COMMON 87538210 130279600 2041600 SOLE 1484400 111200 446000
TANDY CORP COMMON 87538210 64763306.25 1014900 Shared 1007900 0 7000
TANDY CORP COMMON 87538210 1454925 22800 Other 0 0 22800
TEKTRONIX COMMON 87913110 -2456825 -97300 SOLE 1300 0 -98600
TELLABS INC COMMON 87966410 216291425 2212700 SOLE 1661300 145400 406000
TELLABS INC COMMON 87966410 51367625 525500 Shared 518800 0 6700
TELLABS INC COMMON 87966410 4037075 41300 Other 0 0 41300
TENET HEALTHCARE COMMON 88033G10 -2647462.5 -139800 SOLE 3500 0 -143300
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TERADYNE COMMON 88077010 922106.25 16900 SOLE 7800 700 8400
TEXACO COMMON 88169410 8390544.25 147851 SOLE 106200 1900 39751
TEXACO COMMON 88169410 10300125 181500 Shared 181500 0 0
TEXAS INSTRUMENT COMMON 88250810 137133725 1381700 SOLE 1004800 154200 222700
TEXAS INSTRUMENT COMMON 88250810 75350600 759200 Shared 753300 0 5900
TEXAS INSTRUMENT COMMON 88250810 1320025 13300 Other 0 0 13300
TEXAS UTILITIES COMMON 88284810 -4443600 -105800 SOLE 3100 0 -108900
TEXAS UTIL GR PR PREFER 88284840 7218750 165000 SOLE 165000 0 0
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TEXTRON COMMON 88320310 45217950 584400 Shared 327600 251100 5700
TEXTRON COMMON 88320310 433300 5600 Other 0 0 5600
THOMAS & BETTS COMMON 88431510 2531712.5 67400 SOLE 35200 1500 30700
3COM CORP COMMON 88553510 83925 3600 SOLE 3600 0 0
TIME WARNER INC COMMON 88731510 16754237.5 236600 SOLE 207800 78600 -49800
TIME WARNER INC COMMON 88731510 1111756.25 15700 Other 0 0 15700
TIMES MIRROR COMMON 88736410 64950 1200 SOLE 1200 0 0
TORCHMARK CORP COMMON 89102710 -664125 -21000 SOLE 2300 0 -23300
TOYS "R" US COMMON 89233510 60200 3200 SOLE 3200 0 0
TRAVELERS PPTY C COMMON 89393910 49942750 1397000 SOLE 1070000 171700 155300
TRAVELERS PPTY C COMMON 89393910 29836950 834600 Shared 829600 0 5000
TRAVELERS PPTY C COMMON 89393910 1176175 32900 Other 0 0 32900
TRICON GLOBAL RE COMMON 89595310 76235300 1085200 SOLE 793300 87900 204000
TRICON GLOBAL RE COMMON 89595310 17014550 242200 Shared 238500 0 3700
TRICON GLOBAL RE COMMON 89595310 1447150 20600 Other 0 0 20600
TRIBUNE CO COMMON 89604710 -4875093.75 -74500 SOLE 1100 0 -75600
TUPPERWARE CORP COMMON 89989610 27000 1500 SOLE 1500 0 0
TYCO INTL LTD COMMON 90212410 321662999 4483108 SOLE 3248500 465900 768708
TYCO INTL LTD COMMON 90212410 124723025 1738300 Shared 1720700 0 17600
TYCO INTL LTD COMMON 90212410 6493375 90500 Other 0 0 90500
UAL CORP COMMON 90254950 128236762.5 1646700 SOLE 1353400 55800 237500
UAL CORP COMMON 90254950 30168775 387400 Shared 381700 0 5700
UAL CORP COMMON 90254950 1806700 23200 Other 0 0 23200
USX-MARATHON OIL COMMON 90290582 59631000 2168400 SOLE 1701700 3200 463500
USX-MARATHON OIL COMMON 90290582 25478750 926500 Shared 926500 0 0
UST, INC COMMON 90291110 45704067.75 1749438 SOLE 1103938 559400 86100
UST, INC COMMON 90291110 8997450 344400 Shared 338100 0 6300
US BANCORP DEL COMMON 90297310 11410937.5 335000 SOLE 277000 2100 55900
US BANCORP DEL COMMON 90297310 10818250 317600 Shared 317600 0 0
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USX-U S STEEL COMMON 90337T10 -1264300 -53800 SOLE 1500 0 -55300
UNIFI INC COMMON 90467710 -2490075 -195300 SOLE 0 0 -195300
UNILEVER N.V. ADR 90478450 9188306.25 138300 SOLE 104800 61300 -27800
UNILEVER N.V. ADR 90478450 22774775 342800 Shared 341700 0 1100
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UNICOM CORP COMMON 90491110 84093.75 2300 SOLE 2300 0 0
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UN CARBIDE COMMON 90558110 -9493893.75 -210100 SOLE 1400 0 -211500
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UNION PAC REG CONVPREF 90782440 -19998 27000 SOLE 27000 0 0
UNION PAC RES GR COMMON 90783410 154375 13000 SOLE 13000 0 0
UNITED HEALTHCAR COMMON 91058110 99987.5 1900 SOLE 1900 0 0
USAIR GROUP COMMON 91190510 43794575 897200 SOLE 697400 22600 177200
USAIR GROUP COMMON 91190510 11695475 239600 Shared 236700 0 2900
USAIR GROUP COMMON 91190510 1308175 26800 Other 0 0 26800
U S WEST INC NEW COMMON 91273H10 44908975 815600 SOLE 334800 256800 224000
U S WEST INC NEW COMMON 91273H10 17642025 320400 Shared 2600 317800 0
U S WEST INC NEW COMMON 91273H10 66075 1200 Other 0 0 1200
UNITD TECHNOLOGI COMMON 91301710 415439362.25 3067388 SOLE 2325400 268500 473488
UNITD TECHNOLOGI COMMON 91301710 186592243.75 1377700 Shared 1365100 0 12600
UNITD TECHNOLOGI COMMON 91301710 8139793.75 60100 Other 0 0 60100
UNIVERSAL CORP COMMON 91345610 32487381.25 1270900 SOLE 1236100 3900 30900
UNIVERSAL CORP COMMON 91345610 618612.5 24200 Other 0 0 24200
UNIV FOODS CORP COMMON 91353810 27913462.5 1353380 SOLE 1227780 1600 124000
UNIV FOODS CORP COMMON 91353810 18838875 913400 Shared 910200 0 3200
UNIVERSAL HEALTH COMMON 91390310 14129775 326700 SOLE 266800 28700 31200
UNIVERSAL HEALTH COMMON 91390310 9316050 215400 Shared 214200 0 1200
UNIVERSAL HEALTH COMMON 91390310 1012050 23400 Other 0 0 23400
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UNOCAL 144A CONVPREF 91528T20 -19998 274664 SOLE 274664 0 0
V F CORP COMMON 91820410 2607750 54900 SOLE 52500 900 1500
VLSI TECH INC COMMON 91827010 -2737687.5 -141300 SOLE 0 0 -141300
VIACOM INC COMMON 92552430 158524026.75 1888596 SOLE 1263800 202700 422096
VIACOM INC COMMON 92552430 74645618.75 889300 Shared 886500 0 2800
VIACOM INC COMMON 92552430 4809618.75 57300 Other 0 0 57300
VIAD CORP COMMON 92552R10 1329437.5 47800 SOLE 46700 1100 0
VORNADO RLTY TR SBI 92904210 120750 3500 SOLE 3500 0 0
VORNADO RLTY TR SBI 92904210 3795000 110000 Shared 110000 0 0
WPP GROUP ADS ADR 92930930 2404700 27800 SOLE 26400 500 900
WACHOVIA CORP COMMON 92977110 -10392000 -128000 SOLE 2200 0 -130200
WAL-MART STORES COMMON 93114210 126584131.25 1373116 SOLE 914300 194500 264316
WAL-MART STORES COMMON 93114210 104678906.25 1135500 Shared 1124700 0 10800
WAL-MART STORES COMMON 93114210 4950468.75 53700 Other 0 0 53700
WALGREEN CO COMMON 93142210 -11136150 -394200 SOLE 9600 0 -403800
WARNER-LAMBERT COMMON 93448810 57001500 860400 SOLE 599700 133500 127200
WARNER-LAMBERT COMMON 93448810 14753875 222700 Shared 220000 0 2700
WARNER-LAMBERT COMMON 93448810 2292250 34600 Other 0 0 34600
WASHINGTON MUT I COMMON 93932210 26724075 653800 SOLE 189900 439900 24000
WASHINGTON MUT I COMMON 93932210 19149937.5 468500 Shared 0 468500 0
WASHINGTON MUT I COMMON 93932210 134887.5 3300 Other 0 0 3300
WASH REAL ESTAT SBI 93965310 97875 6000 SOLE 6000 0 0
WASTE MANAGEMENT COMMON 94106L10 139325740.625 3139735 SOLE 2411280 492455 236000
WASTE MANAGEMENT COMMON 94106L10 63897071.25 1439934 Shared 1034800 399934 5200
WASTE MANAGEMENT COMMON 94106L10 2964250 66800 Other 0 0 66800
WEBB DEL E CORP COMMON 94742310 13483118.75 621700 SOLE 471300 6900 143500
WEBB DEL E CORP COMMON 94742310 160487.5 7400 Shared 7400 0 0
WEBB DEL E CORP COMMON 94742310 210368.75 9700 Other 0 0 9700
WEEKS CORP COMMON 94856P10 31418.75 1100 SOLE 1100 0 0
WEEKS CORP COMMON 94856P10 3873075 135600 Shared 135600 0 0
WELLPOINT HEALTH COMMON 94973H10 39710587.5 523800 SOLE 377100 71900 74800
WELLPOINT HEALTH COMMON 94973H10 3904343.75 51500 Shared 51500 0 0
WELLPOINT HEALTH COMMON 94973H10 1933218.75 25500 Other 0 0 25500
WELLS FARGO COMMON 94974610 267338238.75 7624620 SOLE 5678200 664000 1282420
WELLS FARGO COMMON 94974610 119079262.5 3396200 Shared 3368000 0 28200
WELLS FARGO COMMON 94974610 4291650 122400 Other 0 0 122400
WENDYS FING I CONVPREF 95058820 5030875 83500 SOLE 83500 0 0
WENDYS INTL INC COMMON 95059010 73937.5 2600 SOLE 2600 0 0
WESTPOINT STEVEN COMMON 96123810 7998918.75 288900 SOLE 189800 3200 95900
WESTVACO COMMON 96154810 19789602 942362 SOLE 942362 0 0
WEYERHAEUSER COMMON 96216610 -2081250 -37500 SOLE 1500 0 -39000
WHIRLPOOL COMMON 96332010 70687.5 1300 SOLE 1300 0 0
WILLAMETTE COMMON 96913310 1532650 40600 SOLE 55100 0 -14500
WILLIAMS CO COMMON 96945710 154050 3900 SOLE 3900 0 0
WINN-DIXIE COMMON 97428010 52325 1400 SOLE 1400 0 0
WISCONSIN ENERGY COMMON 97665710 -401362.5 -15400 SOLE 0 0 -15400
WRIGLEY WM JR CO COMMON 98252610 99481.25 1100 SOLE 1100 0 0
XEROX COMMON 98412110 14486580 277920 SOLE 59900 272200 -54180
XEROX COMMON 98412110 44519962.5 854100 Shared 565700 288400 0
DAIMLERCHRYSLER COMMON D1668R12 -4548148.3125 -53001 SOLE 1309 0 -54310
PARTNERRE LTD COMMON G6852T10 4649400 114800 SOLE 113000 1800 0
PARTNERRE LTD COMMON G6852T10 8100000 200000 Shared 200000 0 0
TOMMY HILFIGER COMMON G8915Z10 95164587.5 1381700 SOLE 1138500 77500 165700
TOMMY HILFIGER COMMON G8915Z10 40574262.5 589100 Shared 579400 0 9700
TOMMY HILFIGER COMMON G8915Z10 1618562.5 23500 Other 0 0 23500
XL CAP LTD COMMON G9825510 2355520.5 38774 SOLE 36574 2200 0
<PAGE>
Form 13F Summary Page
Grand Total Equity Market: $ 24,400,193,320
List of other included managers: 0
No. 13F File Number
01 28-1714 Independence Investment Associates, Inc.
<PAGE>
</TABLE>
