NATIONWIDE FINANCIAL SERVICES INC /OH/
13F-HR, 1999-05-25
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<PAGE>   1
                                    FORM 13F

                INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT
              MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 AND RULES THEREUNDER

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                   Report of the Quarter Ended March 31, 1999

================================================================================
                (Please read instructions before preparing form)
================================================================================

                         If amended report, check here:

Name of Institutional Investment Manager:
NATIONWIDE ADVISORY SERVICES, INC.                     28-4414
- --------------------------------------------------------------------------------
Business Address:
THREE NATIONWIDE PLAZA       COLUMBUS,      OH           43216
- --------------------------------------------------------------------------------
Street                         City        State           Zip

Name, Phone No., and Title of Person Duly Authorized to Submit This Report:

Christopher A. Cray - Treasurer                          (614) 677-2393
- --------------------------------------------------------------------------------

ATTENTION - International misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

- --------------------------------------------------------------------------------
        The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously-submitted.

         Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager caused this report to be signed on
its behalf in the City of Columbus and the State of Ohio on the 25th day of May,
1999.

                              NATIONWIDE ADVISORY SERVICES, INC.
                              ----------------------------------
                          (Name of Institutional Investment Manager)

              /s/ Christopher A. Cray
              ------------------------------------------------------------------
                                 CHRISTOPHER A. CRAY - TREASURER
              (Manual signature of Person Duly Authorized to submit this Report)

Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report)

(List in alphabetical order).
Name:                      13F File No.:   Name:                   13F File No.:
1. __________________       _________       8.  _________________    ___________
2. __________________       _________       9.  _________________    ___________
3. __________________       _________      10.  _________________    ___________
4. __________________       _________      11.  _________________    ___________
5. __________________       _________      12.  _________________    ___________
6. __________________       _________      13.  _________________    ___________
7. __________________       _________      14.  _________________    ___________
                        FORM CONTINUES ON FOLLOWING PAGE


<PAGE>   2
                             Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Mangers:            14
                                         -----------------

Form 13F Information Table Entry Total:     848
                                         -----------------

Form 13F Information Table Value Total:  $7,616,863
                                         -----------------
                                         (thousands)

List of Other Included Managers:

Provide a number list of the names(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

[If there is are no entries in this list, state "NONE" and omit the column
headings and list entries.]

     No.        Form 13F File Number    Name

     01         28-2682                 Brinson Partners, Inc.

     02         28-127                  The Dreyfus Corporation

     03         28-5680                 Federated Investment Management

     04         28-4689                 First Pacific Advisors, Inc.

     05         28-687                  Goldman Sachs Asset Management

     06         28-249                  INVESCO

     07         28-1482                 J.P. Morgan

     08         28-6558                 Lazard Asset Management

     09         28-454                  Neuberger Berman LLC

     10         28-1904                 Pilgrim Baxter & Associates Ltd.

     11         28-925                  Rice, Hall, James & Associates

     12         28-2568                 Salomon Brothers Asset Management

     13         28-1202                 Strong Capital Management

     14         28-496                  Warburg Pincus Asset Management, Inc.




<PAGE>   3

FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
AAR Corp                                                   COM           000361105               1,361              76,400
ABR Information Services                                   COM           00077R108              50,271           2,893,300
AGL Resources Inc                                          COM           001204106                 855              48,700
ARM Financial Group Inc                                    COM           001944107                 264              17,700
AT&T Corp                                                  COM           001957109               1,018              12,758
ATMI Inc                                                   COM           00207R101                 748              37,400
AVT Corp                                                   COM           002420107               1,184              49,600
Aavid Thermal Technologies Inc                             COM           002539104                 341              24,800
Abbott Laboratories                                        COM           002824100                 702              15,000
Abercrombie & Fitch                                        COM           002896207                 313               3,400
AboveNet Comm Inc                                          COM           003743101                 589               4,500
Acuson Corp                                                COM           005113105                 645              43,200
Acxiom Corporation                                         COM           005125109               1,029              38,840
ADAC Laboratories                                          COM           005313200                 541              39,700
Adaptec Inc                                                COM           00651F108                 785              34,300
Advance Paradigm Inc                                       COM           007491103               1,409              22,300
Advantage Learning Systems Inc                             COM           00757K100                 727              23,400
Advanced Neuro Syst Inc                                    COM           00757T101                 447              65,000
Advanced Energy Industries Inc                             COM           007973100                 834              35,400
Advent Software Inc                                        COM           007974108                 860              17,200
Aetna Inc                                                  COM           008117103                 201               2,416
Affiliated Managers Group Inc                              COM           008252108                 260              10,000
Airtouch Comm                                              COM           00949T100                 310               3,208
Alamo Group Inc                                            COM           011311107                  95              12,100
Albany International Corp Cl A                             COM           012348108                 225              12,000
Alberto Culver Co Cl A                                     COM           013068200                 759              35,700
Allergan Inc                                               COM           018490102             168,940           1,922,500
Allergan Inc                                               COM           018490102                 360               4,100
Alliant Techsystems Inc                                    COM           018804104               2,098              27,000
Allied Products Corp DE                                    COM           019411107                 200              66,800
AlliedSignal Inc                                           COM           019512102                 267               5,431
Allstate Corp                                              COM           020002101             117,118               3,160
Allstate Corp                                              COM           020002101                 835              22,547
                                                                                       ----------------
                                                       Column Total                            356,591
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
AAR Corp                                                                  X                                             09
ABR Information Services                                                  X
AGL Resources Inc                                                         X                                             09
ARM Financial Group Inc                                                   X                                             02
AT&T Corp                                                                 X                                         02 03 05 07
ATMI Inc                                                                  X                                             14
AVT Corp                                                                  X                                            02 06
Aavid Thermal Technologies Inc                                            X                                             14
Abbott Laboratories                                                       X                                          02 03 05
Abercrombie & Fitch                                                       X                                            10 13
AboveNet Comm Inc                                                         X                                             13
Acuson Corp                                                               X                                             09
Acxiom Corporation                                                        X                                            06 14
ADAC Laboratories                                                         X                                             09
Adaptec Inc                                                               X                                            10 14
Advance Paradigm Inc                                                      X                                             14
Advantage Learning Systems Inc                                            X                                             13
Advanced Neuro Syst Inc                                                   X                                             13
Advanced Energy Industries Inc                                            X                                             14
Advent Software Inc                                                       X
Aetna Inc                                                                 X                                          01 02 07
Affiliated Managers Group Inc                                             X                                             02
Airtouch Comm                                                             X                                          02 05 07
Alamo Group Inc                                                           X                                             09
Albany International Corp Cl A                                            X                                             02
Alberto Culver Co Cl A                                                    X                                             09
Allergan Inc                                                              X
Allergan Inc                                                              X                                         01 02 05 13
Alliant Techsystems Inc                                                   X                                             09
Allied Products Corp DE                                                   X                                            02 09
AlliedSignal Inc                                                          X                                            02 07
Allstate Corp                                                             X
Allstate Corp                                                             X                                      02 03 05 07 12 13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
AAR Corp                                                                     76,400
ABR Information Services                                                  2,893,300
AGL Resources Inc                                                            48,700
ARM Financial Group Inc                                                      17,700
AT&T Corp                                                                    12,758
ATMI Inc                                                                     37,400
AVT Corp                                                                     49,600
Aavid Thermal Technologies Inc                                               24,800
Abbott Laboratories                                                          15,000
Abercrombie & Fitch                                                           3,400
AboveNet Comm Inc                                                             4,500
Acuson Corp                                                                  43,200
Acxiom Corporation                                                           38,840
ADAC Laboratories                                                            39,700
Adaptec Inc                                                                  34,300
Advance Paradigm Inc                                                         22,300
Advantage Learning Systems Inc                                               23,400
Advanced Neuro Syst Inc                                                      65,000
Advanced Energy Industries Inc                                               35,400
Advent Software Inc                                                          17,200
Aetna Inc                                                                     2,416
Affiliated Managers Group Inc                                                10,000
Airtouch Comm                                                                 3,208
Alamo Group Inc                                                              12,100
Albany International Corp Cl A                                               12,000
Alberto Culver Co Cl A                                                       35,700
Allergan Inc                                                              1,922,500
Allergan Inc                                                                  4,100
Alliant Techsystems Inc                                                      27,000
Allied Products Corp DE                                                      66,800
AlliedSignal Inc                                                              5,431
Allstate Corp                                                                 3,160
Allstate Corp                                                                22,547
</TABLE>




                                  Page 3 of 28
<PAGE>   4


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Alltel Corp Com                                            COM           020039103              84,385           1,352,862
Alpharma Inc Cl A                                          COM           020813101               1,425              36,300
Alternative Living Services Inc                            COM           02145K107                 224              11,200
Alza Corp                                                  COM           022615108                 299               7,804
Amerada Hess                                               COM           023551104                 297               5,900
America Online Inc                                         COM           02364J104               1,152               7,890
American Classic Voyages Co                                COM           024928103                 751              46,200
American Eagle Outfitters Inc                              COM           02553D108                 695               9,700
American Express Co                                        COM           025816109                 274               2,334
American Freightways Corp                                  COM           02629V108                 192              14,900
American Home Products Corp                                COM           026609107              57,514             881,000
American Home Products Corp                                COM           026609107               1,975              30,280
American International Group                               COM           026874107             120,248             997,176
American International Group                               COM           026874107                 851               7,060
American Woodmark Corp                                     COM           030506109                 778              24,600
Amerin Corp                                                COM           03070X106                 475              23,400
AmeriPath Inc                                              COM           03071D109                 218              24,200
Ames Dept Stores Inc                                       COM           030789507                 891              24,000
Ameritech Corp                                             COM           030954101                 525               9,076
Amgen Inc                                                  COM           031162100                 389               5,196
Amkor Technologies Inc                                     COM           031652100                 512              65,000
Anadarko Pete Corp                                         COM           032511107              15,172             401,900
Anadarko Pete Corp                                         COM           032511107                  22                 600
Analysts Intl Corp                                         COM           032681108                 327              28,400
Andrx Corp                                                 COM           034551101               2,916              32,000
Anheuser-Busch Cos Inc                                     COM           035229103              42,555             558,600
Anheuser-Busch Cos Inc                                     COM           035229103                 830              10,900
AnnTaylor Stores Corp                                      COM           036115103                 853              19,300
ANTEC Corp                                                 COM           03664P105               1,290              60,000
AnswerThink Consulting Group                               COM           036916104                 613              21,900
Applebee's International Inc                               COM           037899101                 868              35,000
Applied Micro Circuits Corp                                COM           03822W109               1,513              35,400
Aptargroup Inc                                             COM           038336103               1,537              59,100
                                                                                       ----------------
                                                       Column Total                            342,566
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Alltel Corp Com                                                          X
Alpharma Inc Cl A                                                        X                                            06 13
Alternative Living Services Inc                                          X                                            11 14
Alza Corp                                                                X                                         01 02 07 11
Amerada Hess                                                             X                                            02 12
America Online Inc                                                       X                                          02 05 07
American Classic Voyages Co                                              X                                             14
American Eagle Outfitters Inc                                            X                                          06 10 13
American Express Co                                                      X                                            02 07
American Freightways Corp                                                X                                             02
American Home Products Corp                                              X
American Home Products Corp                                              X                                       02 03 05 07 12
American International Group                                             X
American International Group                                             X                                            02 07
American Woodmark Corp                                                   X                                             14
Amerin Corp                                                              X                                             14
AmeriPath Inc                                                            X                                             02
Ames Dept Stores Inc                                                     X                                          02 03 07
Ameritech Corp                                                           X                                             13
Amgen Inc                                                                X                                         02 05 07 10
Amkor Technologies Inc                                                   X                                             02
Anadarko Pete Corp                                                       X
Anadarko Pete Corp                                                       X                                             02
Analysts Intl Corp                                                       X                                             09
Andrx Corp                                                               X                                            02 13
Anheuser-Busch Cos Inc                                                   X
Anheuser-Busch Cos Inc                                                   X                                          02 05 12
AnnTaylor Stores Corp                                                    X                                         05 06 10 13
ANTEC Corp                                                               X                                            10 13
AnswerThink Consulting Group                                             X                                            06 13
Applebee's International Inc                                             X                                             13
Applied Micro Circuits Corp                                              X                                            02 06
Aptargroup Inc                                                           X                                            06 09
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Alltel Corp Com                                                       1,352,862
Alpharma Inc Cl A                                                        36,300
Alternative Living Services Inc                                          11,200
Alza Corp                                                                 7,804
Amerada Hess                                                              5,900
America Online Inc                                                        7,890
American Classic Voyages Co                                              46,200
American Eagle Outfitters Inc                                             9,700
American Express Co                                                       2,334
American Freightways Corp                                                14,900
American Home Products Corp                                             881,000
American Home Products Corp                                              30,280
American International Group                                            997,176
American International Group                                              7,060
American Woodmark Corp                                                   24,600
Amerin Corp                                                              23,400
AmeriPath Inc                                                            24,200
Ames Dept Stores Inc                                                     24,000
Ameritech Corp                                                            9,076
Amgen Inc                                                                 5,196
Amkor Technologies Inc                                                   65,000
Anadarko Pete Corp                                                      401,900
Anadarko Pete Corp                                                          600
Analysts Intl Corp                                                       28,400
Andrx Corp                                                               32,000
Anheuser-Busch Cos Inc                                                  558,600
Anheuser-Busch Cos Inc                                                   10,900
AnnTaylor Stores Corp                                                    19,300
ANTEC Corp                                                               60,000
AnswerThink Consulting Group                                             21,900
Applebee's International Inc                                             35,000
Applied Micro Circuits Corp                                              35,400
Aptargroup Inc                                                           59,100
</TABLE>



                                  Page 4 of 28
<PAGE>   5


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Arch Chemicals Inc                                         COM           03937R102                 642              38,300
Archer Daniels Midland Co                                  COM           039483102              28,211           1,920,731
Archer Daniels Midland Co                                  COM           039483102                  40               2,775
Arkansas Best Corp                                         COM           040790107                 245              35,900
Armstrong World Ind Inc                                    COM           042476101                 249               5,500
Arrow Electronics                                          COM           042735100                 382              25,450
Arvin Industries Inc                                       COM           043339100                 243               7,200
Associates First Capital Corp Cl A                         COM           046008108             102,397           2,275,488
Associates First Capital Corp Cl A                         COM           046008108                 344               7,656
Astec Industries Inc                                       COM           046224101                 355              11,500
Astoria Financial Corp                                     COM           046265104                 593              11,868
Atmel Corp                                                 COM           049513104                 357              23,500
Automatic Data Procssng Co                                 COM           053015103              33,100             800,000
Automatic Data Procssng Co                                 COM           053015103                 174               4,200
Avant! Corp                                                COM           053487104                 708              39,900
Aviall Inc                                                 COM           05366B102                 924              59,600
Aviation Sales Co                                          COM           053672101                 872              19,600
Avnet Inc                                                  COM           053807103                 293               8,000
Avon Products Inc                                          COM           054303102              40,775             867,200
Avon Products Inc                                          COM           054303102                 621              13,200
Aware Inc                                                  COM           05453N100               1,551              33,000
BCE Inc                                                    COM           05534B109                 381               8,600
BJ Services Co                                             COM           055482103                 619              26,400
BMC Industries Inc Minnesota                               COM           055607105                 142              31,900
BP Amoco PLC                                               COM           055622104                 439               4,347
BMC Software Inc                                           COM           055921100              72,809           1,964,500
BMC Software Inc                                           COM           055921100                  71               1,910
Bank of NY Co Inc                                          COM           064057102              21,290             592,400
Bank of NY Co Inc                                          COM           064057102                 129               3,600
Bank One Corp                                              COM           06423A103             173,301           3,146,985
Bank One Corp                                              COM           06423A103                 630              11,445
Bank United Corp                                           COM           065412108               1,300              31,800
BankAmerica Corp NEW                                       COM           06605F102               2,208              31,265
                                                                                       ----------------
                                                       Column Total                            486,395
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Arch Chemicals Inc                                                        X                                             02
Archer Daniels Midland Co                                                 X
Archer Daniels Midland Co                                                 X                                             02
Arkansas Best Corp                                                        X                                             02
Armstrong World Ind Inc                                                   X                                            02 13
Arrow Electronics                                                         X                                            04 13
Arvin Industries Inc                                                      X                                            02 06
Associates First Capital Corp Cl A                                        X
Associates First Capital Corp Cl A                                        X                                            02 07
Astec Industries Inc                                                      X                                             13
Astoria Financial Corp                                                    X                                            02 07
Atmel Corp                                                                X                                            02 10
Automatic Data Procssng Co                                                X
Automatic Data Procssng Co                                                X                                         01 02 05 07
Avant! Corp                                                               X                                             14
Aviall Inc                                                                X                                             09
Aviation Sales Co                                                         X                                             13
Avnet Inc                                                                 X                                             13
Avon Products Inc                                                         X
Avon Products Inc                                                         X                                            02 12
Aware Inc                                                                 X                                             13
BCE Inc                                                                   X                                            05 12
BJ Services Co                                                            X                                            02 13
BMC Industries Inc Minnesota                                              X                                             09
BP Amoco PLC                                                              X                                             09
BMC Software Inc                                                          X
BMC Software Inc                                                          X                                         02 05 07 14
Bank of NY Co Inc                                                         X
Bank of NY Co Inc                                                         X                                             02
Bank One Corp                                                             X
Bank One Corp                                                             X                                          02 03 07
Bank United Corp                                                          X                                             09
BankAmerica Corp NEW                                                      X                                       02 03 07 12 13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Arch Chemicals Inc                                                        38,300
Archer Daniels Midland Co                                              1,920,731
Archer Daniels Midland Co                                                  2,775
Arkansas Best Corp                                                        35,900
Armstrong World Ind Inc                                                    5,500
Arrow Electronics                                                         25,450
Arvin Industries Inc                                                       7,200
Associates First Capital Corp Cl A                                     2,275,488
Associates First Capital Corp Cl A                                         7,656
Astec Industries Inc                                                      11,500
Astoria Financial Corp                                                    11,868
Atmel Corp                                                                23,500
Automatic Data Procssng Co                                               800,000
Automatic Data Procssng Co                                                 4,200
Avant! Corp                                                               39,900
Aviall Inc                                                                59,600
Aviation Sales Co                                                         19,600
Avnet Inc                                                                  8,000
Avon Products Inc                                                        867,200
Avon Products Inc                                                         13,200
Aware Inc                                                                 33,000
BCE Inc                                                                    8,600
BJ Services Co                                                            26,400
BMC Industries Inc Minnesota                                              31,900
BP Amoco PLC                                                               4,347
BMC Software Inc                                                       1,964,500
BMC Software Inc                                                           1,910
Bank of NY Co Inc                                                        592,400
Bank of NY Co Inc                                                          3,600
Bank One Corp                                                          3,146,985
Bank One Corp                                                             11,445
Bank United Corp                                                          31,800
BankAmerica Corp NEW                                                      31,265
</TABLE>



                                  Page 5 of 28
<PAGE>   6


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Bankers Trust Corp                                         COM           066365107                 402               4,560
Bausch & Lomb Inc                                          COM           071707103                 481               7,404
Baxter International Inc                                   COM           071813109                 528               8,000
BE Aerospace Inc                                           COM           073302101                 382              25,900
Bear Stearns Co Inc                                        COM           073902108              29,942             670,045
Bear Stearns Co Inc                                        COM           073902108                  26                 578
Beckman Coulter Inc                                        COM           075811109                 277               6,300
Belden Inc                                                 COM           077459105                 181              10,600
Bell Atlantic Corp                                         COM           077853109                 836              16,173
Bellsouth Corp                                             COM           079860102                 369               9,200
Ben & Jerry's Homemade Inc Cl A                            COM           081465106               1,030              36,800
Bergen Brunswig Corp Cl A                                  COM           083739102              14,236             711,812
Bergen Brunswig Corp Cl A                                  COM           083739102                   4                 200
W.R. Berkley Corp                                          COM           084423102                 698              28,500
Berkshire Hathaway Inc                                     COM           084670108              32,302                 452
Best Buy Co Inc                                            COM           086516101                 322               6,200
Bethlehem Steel Corp                                       COM           087509105                 200              24,300
Biomatrix Inc                                              COM           09060P102               1,201              15,400
Biomet Inc                                                 COM           090613100               8,597             205,000
Biomet Inc                                                 COM           090613100                  21                 500
Black & Decker Corp                                        COM           091797100             144,537           2,607,200
Black & Decker Corp                                        COM           091797100                  22                 400
Black Box Corp                                             COM           091826107                 313              10,100
Block Drug Inc Cl A                                        COM           093644102                 922              22,483
H&R Block Inc                                              COM           093671105                 265               5,600
Boeing Co                                                  COM           097023105                 274               8,025
Bon-Ton Stores                                             COM           09776J101                 188              25,500
Borders Group Inc                                          COM           099709107                 374              26,600
Borg-Warner Automotive Inc                                 COM           099724106                 349               7,300
Boston Scientific Corp                                     COM           101137107                 219               5,402
Bottomline Technologies Inc                                COM           101388106               1,276              20,000
Boyd Gaming Corp                                           COM           103304101                  94              22,200
Brady Corp                                                 COM           104674106                 308              14,700
                                                                                       ----------------
                                                       Column Total                            241,176
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Bankers Trust Corp                                                        X                                          02 07 12
Bausch & Lomb Inc                                                         X                                         02 05 07 12
Baxter International Inc                                                  X                                          01 02 03
BE Aerospace Inc                                                          X                                            02 06
Bear Stearns Co Inc                                                       X
Bear Stearns Co Inc                                                       X                                            02 07
Beckman Coulter Inc                                                       X                                            01 02
Belden Inc                                                                X                                             02
Bell Atlantic Corp                                                        X                                          02 07 12
Bellsouth Corp                                                            X                                             02
Ben & Jerry's Homemade Inc Cl A                                           X                                             14
Bergen Brunswig Corp Cl A                                                 X
Bergen Brunswig Corp Cl A                                                 X                                             06
W.R. Berkley Corp                                                         X                                             09
Berkshire Hathaway Inc                                                    X
Best Buy Co Inc                                                           X                                            05 13
Bethlehem Steel Corp                                                      X                                             02
Biomatrix Inc                                                             X                                            06 13
Biomet Inc                                                                X
Biomet Inc                                                                X                                             02
Black & Decker Corp                                                       X
Black & Decker Corp                                                       X                                             02
Black Box Corp                                                            X                                             09
Block Drug Inc Cl A                                                       X                                             09
H&R Block Inc                                                             X                                            02 03
Boeing Co                                                                 X                                            02 07
Bon-Ton Stores                                                            X                                             02
Borders Group Inc                                                         X                                             02
Borg-Warner Automotive Inc                                                X                                             13
Boston Scientific Corp                                                    X                                          02 07 13
Bottomline Technologies Inc                                               X                                             02
Boyd Gaming Corp                                                          X                                             02
Brady Corp                                                                X                                             09
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Bankers Trust Corp                                                        4,560
Bausch & Lomb Inc                                                         7,404
Baxter International Inc                                                  8,000
BE Aerospace Inc                                                         25,900
Bear Stearns Co Inc                                                     670,045
Bear Stearns Co Inc                                                         578
Beckman Coulter Inc                                                       6,300
Belden Inc                                                               10,600
Bell Atlantic Corp                                                       16,173
Bellsouth Corp                                                            9,200
Ben & Jerry's Homemade Inc Cl A                                          36,800
Bergen Brunswig Corp Cl A                                               711,812
Bergen Brunswig Corp Cl A                                                   200
W.R. Berkley Corp                                                        28,500
Berkshire Hathaway Inc                                                      452
Best Buy Co Inc                                                           6,200
Bethlehem Steel Corp                                                     24,300
Biomatrix Inc                                                            15,400
Biomet Inc                                                              205,000
Biomet Inc                                                                  500
Black & Decker Corp                                                   2,607,200
Black & Decker Corp                                                         400
Black Box Corp                                                           10,100
Block Drug Inc Cl A                                                      22,483
H&R Block Inc                                                             5,600
Boeing Co                                                                 8,025
Bon-Ton Stores                                                           25,500
Borders Group Inc                                                        26,600
Borg-Warner Automotive Inc                                                7,300
Boston Scientific Corp                                                    5,402
Bottomline Technologies Inc                                              20,000
Boyd Gaming Corp                                                         22,200
Brady Corp                                                               14,700
</TABLE>



                                  Page 6 of 28
<PAGE>   7


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Bristol-Myers Squibb                                       COM           110122108              80,413           1,250,000
Bristol-Myers Squibb                                       COM           110122108               2,154              33,500
BroadVision Inc                                            COM           111412102               2,002              33,500
Brown Group Inc                                            COM           115657108                 396              30,000
Brunswick Corp                                             COM           117043109              41,814          21,935,000
Brunswick Corp                                             COM           117043109                   7                 400
Buffets Inc                                                COM           119882108                 372              37,700
Burlington Coat Factory Warehouse                          COM           121579106                 432              36,800
Burlington Northern Santa Fe Corp                          COM           12189T104                 600              18,248
Burr-Brown Corp                                            COM           122574106                 783              33,300
Bush Boake Allen Inc                                       COM           123162109                 264               9,600
Business Objects S. A. ADR                                 COM           12328X107                 837              28,200
CBS CORP                                                   COM           12490K107               1,864              45,400
CBS CORP                                                   COM           12490K107                 135               3,300
CHS Electronics Inc                                        COM           12542A206                  91              28,700
CIGNA Corp                                                 COM           125509109                 709               8,460
CKE Restaurants Inc                                        COM           12561E105                 711              36,020
Cleco Corp                                                 COM           12561M107                 856              29,000
CMGI Inc                                                   COM           125750109               1,940              10,600
CMP Group Inc                                              COM           125887109                 437              23,800
CMS Energy Corp                                            COM           125896209                 340              16,300
CACI International                                         COM           127190304                 384              22,700
Cadence Design Systems Inc                                 COM           127387108                 386              15,000
Cal Dive International Inc                                 COM           127914109                 301              14,400
Campbell Soup Co                                           COM           134429109              19,978             491,000
Campbell Soup Co                                           COM           134429109                  96               2,358
Canadian National Railway Co                               COM           136375102                 579              10,400
Capital One Financial Corp                                 COM           14040H105                 529               3,500
Capital One Financial Corp                                 COM           14040H105                 196               1,302
Carrier Access Corp                                        COM           144460102               2,165              28,000
Casella Waste Systems Inc                                  COM           147448104               1,636              72,500
Catalina Marketing Corp                                    COM           148867104                 378               4,400
Catalytica Inc                                             COM           148885106                 990              90,000
                                                                                       ----------------
                                                       Column Total                            164,775
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Bristol-Myers Squibb                                                       X
Bristol-Myers Squibb                                                       X                                       02 03 05 07 12
BroadVision Inc                                                            X                                            06 13
Brown Group Inc                                                            X                                             02
Brunswick Corp                                                             X
Brunswick Corp                                                             X                                             02
Buffets Inc                                                                X                                            02 06
Burlington Coat Factory Warehouse                                          X                                             02
Burlington Northern Santa Fe Corp                                          X                                         01 02 07 13
Burr-Brown Corp                                                            X                                             14
Bush Boake Allen Inc                                                       X                                             09
Business Objects S. A. ADR                                                 X                                             14
CBS CORP                                                                   X
CBS CORP                                                                   X                                             02
CHS Electronics Inc                                                        X                                             02
CIGNA Corp                                                                 X                                         01 02 07 12
CKE Restaurants Inc                                                        X                                             02
Cleco Corp                                                                 X                                            02 06
CMGI Inc                                                                   X                                            02 13
CMP Group Inc                                                              X                                            06 09
CMS Energy Corp                                                            X                                          01 07 09
CACI International                                                         X                                             09
Cadence Design Systems Inc                                                 X                                             13
Cal Dive International Inc                                                 X                                             09
Campbell Soup Co                                                           X
Campbell Soup Co                                                           X                                            02 07
Canadian National Railway Co                                               X                                            12 13
Capital One Financial Corp                                                 X
Capital One Financial Corp                                                 X                                         02 05 07 10
Carrier Access Corp                                                        X                                             13
Casella Waste Systems Inc                                                  X                                             02
Catalina Marketing Corp                                                    X                                             14
Catalytica Inc                                                             X                                             13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Bristol-Myers Squibb                                                   1,250,000
Bristol-Myers Squibb                                                      33,500
BroadVision Inc                                                           33,500
Brown Group Inc                                                           30,000
Brunswick Corp                                                        21,935,000
Brunswick Corp                                                               400
Buffets Inc                                                               37,700
Burlington Coat Factory Warehouse                                         36,800
Burlington Northern Santa Fe Corp                                         18,248
Burr-Brown Corp                                                           33,300
Bush Boake Allen Inc                                                       9,600
Business Objects S. A. ADR                                                28,200
CBS CORP                                                                  45,400
CBS CORP                                                                   3,300
CHS Electronics Inc                                                       28,700
CIGNA Corp                                                                 8,460
CKE Restaurants Inc                                                       36,020
Cleco Corp                                                                29,000
CMGI Inc                                                                  10,600
CMP Group Inc                                                             23,800
CMS Energy Corp                                                           16,300
CACI International                                                        22,700
Cadence Design Systems Inc                                                15,000
Cal Dive International Inc                                                14,400
Campbell Soup Co                                                         491,000
Campbell Soup Co                                                           2,358
Canadian National Railway Co                                              10,400
Capital One Financial Corp                                                 3,500
Capital One Financial Corp                                                 1,302
Carrier Access Corp                                                       28,000
Casella Waste Systems Inc                                                 72,500
Catalina Marketing Corp                                                    4,400
Catalytica Inc                                                            90,000
</TABLE>


                                  Page 7 of 28
<PAGE>   8


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Caterpillar Inc                                            COM           149123101               1,174              25,000
Caterpillar Inc                                            COM           149123101                  78               1,704
Central Garden & Pet Co                                    COM           153527106                 795              47,100
Central Hudson Gas & Electric                              COM           153609102                 483              13,500
Championship Auto Racing                                   COM           158711101               1,153              39,600
Chancellor Broadcasting Corp A                             COM           158915108               1,367              28,999
Charter One Fincl In                                       COM           160903100               8,074             279,745
Charter One Fincl In                                       COM           160903100                   2                  84
Chase Manhattan Corp                                       COM           16161A108               1,277              15,708
Chevron Corp                                               COM           166751107                 279               3,160
Children's Place                                           COM           168905107                 350              13,000
Chirex Inc                                                 COM           170038103                 931              38,000
Chubb Corp                                                 COM           171232101              43,428             741,500
Chubb Corp                                                 COM           171232101                 840              14,348
Church & Dwight Co Inc                                     COM           171340102                 758              18,600
Cinar Corp                                                 COM           171905300               1,380              60,000
Circuit City Stores- Circuit City Group                    COM           172737108                 283               3,692
Cisco Systems Inc                                          COM           17275R102               3,595              32,700
Cisco Systems Inc                                          COM           17275R102               1,370              12,507
Citigroup Inc                                              COM           172967101               3,040              47,500
Citigroup Inc                                              COM           172967101               1,225              19,178
Claire's Stores Inc                                        COM           179584107               1,154              38,300
Clarify Inc                                                COM           180492100                 400              15,000
Clear Channel Communications Inc                           COM           184502102               1,636              24,400
Coach USA Inc                                              COM           18975L106                 998              36,300
Coachmen Industries Inc                                    COM           189873102                 418              20,400
The Coca-Cola Co                                           COM           191216100               1,042              16,981
Cognex Corp                                                COM           192422103                 261              11,000
Comcast Corp                                               COM           200300101              36,900             600,000
Comcast Corp Cl A                                          COM           200300200              66,210           1,052,000
Comcast Corp Cl A                                          COM           200300200                 126               2,001
Commscope Inc                                              COM           203372107                 586              28,000
Community First Bankshares Inc                             COM           203902101                 626              31,300
                                                                                       ----------------
                                                       Column Total                            182,239
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Caterpillar Inc                                                          X
Caterpillar Inc                                                          X                                            02 07
Central Garden & Pet Co                                                  X                                             02
Central Hudson Gas & Electric                                            X                                             09
Championship Auto Racing                                                 X                                             14
Chancellor Broadcasting Corp A                                           X                                             02
Charter One Fincl In                                                     X
Charter One Fincl In                                                     X                                             07
Chase Manhattan Corp                                                     X                                    01 02 03 05 07 12 13
Chevron Corp                                                             X                                            02 07
Children's Place                                                         X                                             13
Chirex Inc                                                               X                                             14
Chubb Corp                                                               X
Chubb Corp                                                               X                                       02 03 07 12 13
Church & Dwight Co Inc                                                   X                                             09
Cinar Corp                                                               X                                             02
Circuit City Stores- Circuit City Group                                  X                                          01 02 07
Cisco Systems Inc                                                        X
Cisco Systems Inc                                                        X                                         02 03 05 07
Citigroup Inc                                                            X
Citigroup Inc                                                            X                                          02 03 07
Claire's Stores Inc                                                      X                                            09 13
Clarify Inc                                                              X                                             13
Clear Channel Communications Inc                                         X                                            02 05
Coach USA Inc                                                            X                                             14
Coachmen Industries Inc                                                  X                                             09
The Coca-Cola Co                                                         X                                          02 05 07
Cognex Corp                                                              X
Comcast Corp                                                             X
Comcast Corp Cl A                                                        X
Comcast Corp Cl A                                                        X                                            02 07
Commscope Inc                                                            X                                          01 02 10
Community First Bankshares Inc                                           X                                             09
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Caterpillar Inc                                                           25,000
Caterpillar Inc                                                            1,704
Central Garden & Pet Co                                                   47,100
Central Hudson Gas & Electric                                             13,500
Championship Auto Racing                                                  39,600
Chancellor Broadcasting Corp A                                            28,999
Charter One Fincl In                                                     279,745
Charter One Fincl In                                                          84
Chase Manhattan Corp                                                      15,708
Chevron Corp                                                               3,160
Children's Place                                                          13,000
Chirex Inc                                                                38,000
Chubb Corp                                                               741,500
Chubb Corp                                                                14,348
Church & Dwight Co Inc                                                    18,600
Cinar Corp                                                                60,000
Circuit City Stores- Circuit City Group                                    3,692
Cisco Systems Inc                                                         32,700
Cisco Systems Inc                                                         12,507
Citigroup Inc                                                             47,500
Citigroup Inc                                                             19,178
Claire's Stores Inc                                                       38,300
Clarify Inc                                                               15,000
Clear Channel Communications Inc                                          24,400
Coach USA Inc                                                             36,300
Coachmen Industries Inc                                                   20,400
The Coca-Cola Co                                                          16,981
Cognex Corp                                                               11,000
Comcast Corp                                                             600,000
Comcast Corp Cl A                                                      1,052,000
Comcast Corp Cl A                                                          2,001
Commscope Inc                                                             28,000
Community First Bankshares Inc                                            31,300
</TABLE>



                                  Page 8 of 28
<PAGE>   9


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Compaq Computer Corp                                       COM           204493100                 293               9,241
Computer Network Technology Corp                           COM           204925101                 300              18,600
CompUSA Inc                                                COM           204932107                 337              48,200
Comverse Technology Inc                                    COM           205862402                 213               2,500
Concentric Network Corp                                    COM           20589R107               1,450              19,400
Concur Technologies Inc                                    COM           206708109               1,602              35,500
CONMED Corp                                                COM           207410101                 462              14,900
Connecticut Energy Corp                                    COM           207567108                 313              12,900
Consolidated Stores Corp                                   COM           210149100               2,004              64,900
Consolidated Stores Corp                                   COM           210149100                 373              12,300
Cooper Cameron Corp                                        COM           216640102                 510              15,044
Cooper Industries Inc                                      COM           216669101                 329               7,716
Copart Inc                                                 COM           217204106               1,770              85,300
Cordant Technologies Inc                                   COM           218412104               2,405              60,400
CORE Inc                                                   COM           21867P102                 522              70,800
Corel Corp                                                 COM           21868Q109                 444             129,300
Corning Inc                                                COM           219350105              50,052             834,200
Corning Inc                                                COM           219350105                 246               4,100
Covance Inc                                                COM           222816100               6,484             258,700
Covance Inc                                                COM           222816100                  32               1,300
Cox Communications A                                       COM           224044107               2,385              32,398
Credence Systems Corp                                      COM           225302108                 780              36,400
Critical Path Inc                                          COM           22674V100                 585               7,600
Crompton & Knowles Corp                                    COM           227111101                 945              60,000
Crown American Realty Trust                                COM           228186102                  82              12,600
Cullen Frost Bankers Inc                                   COM           229899109               1,294              27,000
Cypress Semiconductor Corp                                 COM           232806109                 470              52,200
The DII Group Inc                                          COM           232949107               1,442              49,300
DSP Group Inc                                              COM           23332B106                 244              16,600
Dal-Tile International  Inc                                COM           23426R108                 169              18,700
Dallas Semiconductor Corp                                  COM           235204104               1,611              41,700
Davox Corp                                                 COM           239208101                 310              50,100
Delia's Inc                                                COM           246885107                 315              10,000
                                                                                       ----------------
                                                       Column Total                             80,773
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Compaq Computer Corp                                                      X                                          02 05 07
Computer Network Technology Corp                                          X                                             13
CompUSA Inc                                                               X                                             02
Comverse Technology Inc                                                   X                                            01 13
Concentric Network Corp                                                   X                                            13 14
Concur Technologies Inc                                                   X                                             13
CONMED Corp                                                               X                                            02 09
Connecticut Energy Corp                                                   X                                             09
Consolidated Stores Corp                                                  X
Consolidated Stores Corp                                                  X                                         01 02 04 13
Cooper Cameron Corp                                                       X                                            07 13
Cooper Industries Inc                                                     X                                          02 07 12
Copart Inc                                                                X                                            06 13
Cordant Technologies Inc                                                  X                                            02 09
CORE Inc                                                                  X                                             14
Corel Corp                                                                X                                             02
Corning Inc                                                               X
Corning Inc                                                               X                                          01 02 10
Covance Inc                                                               X
Covance Inc                                                               X                                            01 06
Cox Communications A                                                      X
Credence Systems Corp                                                     X                                             02
Critical Path Inc                                                         X                                             13
Crompton & Knowles Corp                                                   X                                             02
Crown American Realty Trust                                               X                                             04
Cullen Frost Bankers Inc                                                  X                                          06 09 14
Cypress Semiconductor Corp                                                X                                             02
The DII Group Inc                                                         X                                            06 14
DSP Group Inc                                                             X                                             02
Dal-Tile International  Inc                                               X                                             02
Dallas Semiconductor Corp                                                 X                                            06 09
Davox Corp                                                                X                                             09
Delia's Inc                                                               X                                             13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Compaq Computer Corp                                                       9,241
Computer Network Technology Corp                                          18,600
CompUSA Inc                                                               48,200
Comverse Technology Inc                                                    2,500
Concentric Network Corp                                                   19,400
Concur Technologies Inc                                                   35,500
CONMED Corp                                                               14,900
Connecticut Energy Corp                                                   12,900
Consolidated Stores Corp                                                  64,900
Consolidated Stores Corp                                                  12,300
Cooper Cameron Corp                                                       15,044
Cooper Industries Inc                                                      7,716
Copart Inc                                                                85,300
Cordant Technologies Inc                                                  60,400
CORE Inc                                                                  70,800
Corel Corp                                                               129,300
Corning Inc                                                              834,200
Corning Inc                                                                4,100
Covance Inc                                                              258,700
Covance Inc                                                                1,300
Cox Communications A                                                      32,398
Credence Systems Corp                                                     36,400
Critical Path Inc                                                          7,600
Crompton & Knowles Corp                                                   60,000
Crown American Realty Trust                                               12,600
Cullen Frost Bankers Inc                                                  27,000
Cypress Semiconductor Corp                                                52,200
The DII Group Inc                                                         49,300
DSP Group Inc                                                             16,600
Dal-Tile International  Inc                                               18,700
Dallas Semiconductor Corp                                                 41,700
Davox Corp                                                                50,100
Delia's Inc                                                               10,000
</TABLE>



                                  Page 9 of 28
<PAGE>   10


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Dell Computer Corp                                         COM           247025109                 540              13,220
Denison Int'l PLC                                          COM           248335101                 534              39,200
Dentsply International Inc                                 COM           249030107                 140               6,000
Dentsply International Inc                                 COM           249030107               1,090              46,900
Devon Energy Corp                                          COM           251799102                 758              27,500
Devry Inc                                                  COM           251893103               1,375              47,400
Dialogic Corp                                              COM           252499108                 464              15,200
Diebold Inc                                                COM           253651103                 470              19,600
Dionex Corp                                                COM           254546104                 800              21,200
Discount Auto Parts Inc                                    COM           254642101                 305              14,200
Disney Walt (The) Co                                       COM           254687106              32,196           1,031,385
Disney Walt (The) Co                                       COM           254687106                 921              29,600
Documentum Inc                                             COM           256159104                 367              21,200
Dollar General Corp                                        COM           256669102                 360              10,575
Dollar General Corp                                        COM           256669102                 360              10,575
Donaldson Inc                                              COM           257651109                 774              43,000
Doncasters PLC ADR                                         COM           257692103                 743              48,300
Doral Financial Corp                                       COM           25811P100               1,487              80,900
DoubleClick Inc                                            COM           258609304               1,930              10,600
Dow Chemical Co                                            COM           260543103               1,138              12,000
Dow Chemical Co                                            COM           260543103                 144               1,548
E.I. du Pont de Nemours & Co                               COM           263534109              60,234           1,037,400
E.I. du Pont de Nemours & Co                               COM           263534109                 488               8,403
Ducommun Inc                                               COM           264147109                 208              22,200
Dun & Bradstreet Corp (New)                                COM           26483B106              52,971           1,487,700
Dun & Bradstreet Corp (New)                                COM           26483B106              52,999           1,487,700
Dura Automotive Systems Inc                                COM           265903104                 384              13,600
Dycom Industries Inc                                       COM           267475101                 392               9,000
ECI Telecom Ltd                                            COM           268258100                 333               9,500
EEX Corp                                                   COM           26842V207                 136              27,900
EMC Communications Corp                                    COM           268648102              89,118             697,600
EMC Communications Corp                                    COM           268648102                 672               5,255
ETEC Systems Inc                                           COM           26922C103                 789              26,800
                                                                                       ----------------
                                                       Column Total                            305,620
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Dell Computer Corp                                                         X                                          02 05 07
Denison Int'l PLC                                                          X                                             08
Dentsply International Inc                                                 X
Dentsply International Inc                                                 X                                             09
Devon Energy Corp                                                          X                                             02
Devry Inc                                                                  X                                            06 14
Dialogic Corp                                                              X                                             09
Diebold Inc                                                                X                                            02 13
Dionex Corp                                                                X                                             09
Discount Auto Parts Inc                                                    X                                             03
Disney Walt (The) Co                                                       X
Disney Walt (The) Co                                                       X                                          02 03 12
Documentum Inc                                                             X                                             14
Dollar General Corp                                                        X
Dollar General Corp                                                        X                                            02 13
Donaldson Inc                                                              X                                             09
Doncasters PLC ADR                                                         X                                            02 09
Doral Financial Corp                                                       X                                            02 06
DoubleClick Inc                                                            X                                            02 13
Dow Chemical Co                                                            X
Dow Chemical Co                                                            X                                          02 05 07
E.I. du Pont de Nemours & Co                                               X
E.I. du Pont de Nemours & Co                                               X                                          02 03 07
Ducommun Inc                                                               X                                             09
Dun & Bradstreet Corp (New)                                                X
Dun & Bradstreet Corp (New)                                                X                                             02
Dura Automotive Systems Inc                                                X                                            02 11
Dycom Industries Inc                                                       X                                             13
ECI Telecom Ltd                                                            X                                             13
EEX Corp                                                                   X                                             02
EMC Communications Corp                                                    X
EMC Communications Corp                                                    X                                         01 02 05 07
ETEC Systems Inc                                                           X                                             14
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Dell Computer Corp                                                        13,220
Denison Int'l PLC                                                         39,200
Dentsply International Inc                                                 6,000
Dentsply International Inc                                                46,900
Devon Energy Corp                                                         27,500
Devry Inc                                                                 47,400
Dialogic Corp                                                             15,200
Diebold Inc                                                               19,600
Dionex Corp                                                               21,200
Discount Auto Parts Inc                                                   14,200
Disney Walt (The) Co                                                   1,031,385
Disney Walt (The) Co                                                      29,600
Documentum Inc                                                            21,200
Dollar General Corp                                                       10,575
Dollar General Corp                                                       10,575
Donaldson Inc                                                             43,000
Doncasters PLC ADR                                                        48,300
Doral Financial Corp                                                      80,900
DoubleClick Inc                                                           10,600
Dow Chemical Co                                                           12,000
Dow Chemical Co                                                            1,548
E.I. du Pont de Nemours & Co                                           1,037,400
E.I. du Pont de Nemours & Co                                               8,403
Ducommun Inc                                                              22,200
Dun & Bradstreet Corp (New)                                            1,487,700
Dun & Bradstreet Corp (New)                                            1,487,700
Dura Automotive Systems Inc                                               13,600
Dycom Industries Inc                                                       9,000
ECI Telecom Ltd                                                            9,500
EEX Corp                                                                  27,900
EMC Communications Corp                                                  697,600
EMC Communications Corp                                                    5,255
ETEC Systems Inc                                                          26,800
</TABLE>


                                  Page 10 of 28
<PAGE>   11


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Eastern Enterprises                                        COM           27637F100                 407              11,200
Eastman Kodak Co                                           COM           277461109                 751              11,764
EchoStar Comm Corp                                         COM           278762109               1,877              23,000
Edison International                                       COM           281020107                 244              10,966
Education Management Corp                                  COM           28139T101               1,261              41,000
Elder-Beerman Stores Corp                                  COM           284470101                 210              24,400
Electro Scientific Industries Inc                          COM           285229100                 400               8,600
Electroglas Inc                                            COM           285324109                 196              15,200
Electronic Arts Inc                                        COM           285512109              11,875             250,000
Electronic Arts Inc                                        COM           285512109                   1                  28
Electronic Data Systems Corp                               COM           285661104                 526              10,800
Emerson Electric                                           COM           291011104                 300               5,676
Emerson Radio Corp                                         COM           291087203                  62              82,366
Enhance Financial Services Group                           COM           293310108                 407              17,900
Enron Corp                                                 COM           293561106                 437               6,800
Entercom Comm. Corp                                        COM           293639100               1,146              32,400
Entrust Technologies Inc                                   COM           293848107               1,509              44,700
Equifax Inc                                                COM           294429105                 256               7,436
Equifax Inc                                                COM           294429105                 256               7,436
Equitable Companies                                        COM           29444G107             198,079           2,829,700
Equitable Companies                                        COM           29444G107                   6                  80
Everest Reinsurance Holdings Inc                           COM           299808105               1,092              35,000
Executive Risk Inc                                         COM           301586103               1,015              14,300
Exodus Communication Inc                                   COM           302088109                 336               2,500
Expeditors Intl. of Washington Inc                         COM           302130109               1,107              20,500
Express Scripts Inc Cl A                                   COM           302182100               1,177              13,700
Exxon Corp                                                 COM           302290101              32,353             458,200
Exxon Corp                                                 COM           302290101               1,417              20,081
FBL Financial Group Inc                                    COM           30239F106                 809              45,600
FSI International Inc                                      COM           302633102                 160              26,600
Fairfield Communities Inc                                  COM           304231301                 463              51,800
FDX Corp                                                   COM           31304N107              63,205             681,000
FDX Corp                                                   COM           31304N107                 604               6,506
                                                                                       ----------------
                                                       Column Total                            323,944
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Eastern Enterprises                                                      X                                            02 09
Eastman Kodak Co                                                         X                                         02 05 07 12
EchoStar Comm Corp                                                       X                                             02
Edison International                                                     X                                          02 07 12
Education Management Corp                                                X                                             13
Elder-Beerman Stores Corp                                                X                                             02
Electro Scientific Industries Inc                                        X                                             09
Electroglas Inc                                                          X                                             02
Electronic Arts Inc                                                      X
Electronic Arts Inc                                                      X                                             07
Electronic Data Systems Corp                                             X                                         01 02 03 05
Emerson Electric                                                         X                                         02 03 05 07
Emerson Radio Corp                                                       X
Enhance Financial Services Group                                         X                                             14
Enron Corp                                                               X                                          02 03 07
Entercom Comm. Corp                                                      X                                          02 13 14
Entrust Technologies Inc                                                 X                                             13
Equifax Inc                                                              X
Equifax Inc                                                              X                                            02 07
Equitable Companies                                                      X
Equitable Companies                                                      X                                             07
Everest Reinsurance Holdings Inc                                         X                                             02
Executive Risk Inc                                                       X                                             02
Exodus Communication Inc                                                 X                                             13
Expeditors Intl. of Washington Inc                                       X                                             02
Express Scripts Inc Cl A                                                 X                                          06 10 13
Exxon Corp                                                               X
Exxon Corp                                                               X                                       02 03 05 07 12
FBL Financial Group Inc                                                  X                                             09
FSI International Inc                                                    X                                             02
Fairfield Communities Inc                                                X                                             14
FDX Corp                                                                 X
FDX Corp                                                                 X                                         01 02 07 13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Eastern Enterprises                                                       11,200
Eastman Kodak Co                                                          11,764
EchoStar Comm Corp                                                        23,000
Edison International                                                      10,966
Education Management Corp                                                 41,000
Elder-Beerman Stores Corp                                                 24,400
Electro Scientific Industries Inc                                          8,600
Electroglas Inc                                                           15,200
Electronic Arts Inc                                                      250,000
Electronic Arts Inc                                                           28
Electronic Data Systems Corp                                              10,800
Emerson Electric                                                           5,676
Emerson Radio Corp                                                        82,366
Enhance Financial Services Group                                          17,900
Enron Corp                                                                 6,800
Entercom Comm. Corp                                                       32,400
Entrust Technologies Inc                                                  44,700
Equifax Inc                                                                7,436
Equifax Inc                                                                7,436
Equitable Companies                                                    2,829,700
Equitable Companies                                                           80
Everest Reinsurance Holdings Inc                                          35,000
Executive Risk Inc                                                        14,300
Exodus Communication Inc                                                   2,500
Expeditors Intl. of Washington Inc                                        20,500
Express Scripts Inc Cl A                                                  13,700
Exxon Corp                                                               458,200
Exxon Corp                                                                20,081
FBL Financial Group Inc                                                   45,600
FSI International Inc                                                     26,600
Fairfield Communities Inc                                                 51,800
FDX Corp                                                                 681,000
FDX Corp                                                                   6,506
</TABLE>


                                  Page 11 of 28
<PAGE>   12


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Fannie Mae (FNMA)                                          COM           313586109             146,325           2,113,000
Fannie Mae (FNMA)                                          COM           313586109                 783              11,301
Finlay Enterprises Inc                                     COM           317884203                 222              20,500
First Data Corp                                            COM           319963104             121,414           2,840,100
First Data Corp                                            COM           319963104                 193               4,516
First Union Corp                                           COM           337358105              38,421             719,000
First Union Corp                                           COM           337358105                 493               9,223
Fleet Financial Group Inc                                  COM           338915101                 440              11,700
Florida Progress                                           COM           341109106                 615              16,500
Food Lion Inc Cl B                                         COM           344775101                 317              35,200
Ford Motor Co                                              COM           345370100              55,500             978,100
Ford Motor Co                                              COM           345370100                 910              16,048
Forest Laboratories Inc Cl A                               COM           345838106                 202               3,580
Fortune Brands Inc                                         COM           349631101              10,820             279,700
Fortune Brands Inc                                         COM           349631101                  66               1,700
Fossil Inc                                                 COM           349882100                 999              33,500
Foundation Health System Inc                               COM           350404109                 446              36,600
Fremont General Corp                                       COM           357288109               1,192              62,540
Fritz Companies Inc                                        COM           358846103                  71              10,300
Frontier Corp                                              COM           35906P105                 357               6,888
Furniture Brands International Inc                         COM           360921100               1,162              52,500
GTE Corp                                                   COM           362320103                 963              15,923
GT Interactive Software Corp                               COM           36236E109                 141              30,400
Gannett Company Inc                                        COM           364730101              22,793             362,000
Gannett Company Inc                                        COM           364730101                  89               1,420
Gardner Denver Inc                                         COM           365558105                 422              26,600
Gartner Group Inc Cl A                                     COM           366651107              90,212           3,998,300
Gaylord Container Corp Cl A                                COM           368145108                 663              88,400
Geltex Pharmaceuticals Inc                                 COM           368538104                 444              31,600
General Electric Co                                        COM           369604103               3,574              31,500
General Electric Co                                        COM           369604103               3,018              27,285
General Instrument Corp                                    COM           370120107                 252               8,300
General Mills Inc                                          COM           370334104                 315               4,172
                                                                                       ----------------
                                                       Column Total                            503,834
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Fannie Mae (FNMA)                                                         X
Fannie Mae (FNMA)                                                         X                                         02 05 07 13
Finlay Enterprises Inc                                                    X                                             02
First Data Corp                                                           X
First Data Corp                                                           X                                          01 02 07
First Union Corp                                                          X
First Union Corp                                                          X                                       01 02 03 05 07
Fleet Financial Group Inc                                                 X                                         01 02 05 12
Florida Progress                                                          X
Food Lion Inc Cl B                                                        X                                            03 12
Ford Motor Co                                                             X
Ford Motor Co                                                             X                                       02 03 05 07 13
Forest Laboratories Inc Cl A                                              X                                            07 13
Fortune Brands Inc                                                        X
Fortune Brands Inc                                                        X                                            02 05
Fossil Inc                                                                X                                             13
Foundation Health System Inc                                              X                                             02
Fremont General Corp                                                      X                                            02 07
Fritz Companies Inc                                                       X                                             04
Frontier Corp                                                             X                                         02 07 10 12
Furniture Brands International Inc                                        X                                             02
GTE Corp                                                                  X                                         02 03 05 07
GT Interactive Software Corp                                              X                                             02
Gannett Company Inc                                                       X
Gannett Company Inc                                                       X                                            02 07
Gardner Denver Inc                                                        X                                             09
Gartner Group Inc Cl A                                                    X
Gaylord Container Corp Cl A                                               X                                             02
Geltex Pharmaceuticals Inc                                                X                                             14
General Electric Co                                                       X
General Electric Co                                                       X                                       02 03 05 07 12
General Instrument Corp                                                   X                                         01 02 05 13
General Mills Inc                                                         X                                          02 03 07
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Fannie Mae (FNMA)                                                      2,113,000
Fannie Mae (FNMA)                                                         11,301
Finlay Enterprises Inc                                                    20,500
First Data Corp                                                        2,840,100
First Data Corp                                                            4,516
First Union Corp                                                         719,000
First Union Corp                                                           9,223
Fleet Financial Group Inc                                                 11,700
Florida Progress                                                          16,500
Food Lion Inc Cl B                                                        35,200
Ford Motor Co                                                            978,100
Ford Motor Co                                                             16,048
Forest Laboratories Inc Cl A                                               3,580
Fortune Brands Inc                                                       279,700
Fortune Brands Inc                                                         1,700
Fossil Inc                                                                33,500
Foundation Health System Inc                                              36,600
Fremont General Corp                                                      62,540
Fritz Companies Inc                                                       10,300
Frontier Corp                                                              6,888
Furniture Brands International Inc                                        52,500
GTE Corp                                                                  15,923
GT Interactive Software Corp                                              30,400
Gannett Company Inc                                                      362,000
Gannett Company Inc                                                        1,420
Gardner Denver Inc                                                        26,600
Gartner Group Inc Cl A                                                 3,998,300
Gaylord Container Corp Cl A                                               88,400
Geltex Pharmaceuticals Inc                                                31,600
General Electric Co                                                       31,500
General Electric Co                                                       27,285
General Instrument Corp                                                    8,300
General Mills Inc                                                          4,172
</TABLE>


                                  Page 12 of 28
<PAGE>   13


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
General Motors Corp                                        COM           370442105                 279               3,214
General Nutrition Cos Inc                                  COM           37047F103                 575              41,100
Genuine Parts Co                                           COM           372460105              28,136             976,500
Genuine Parts Co                                           COM           372460105                  29               1,016
Geon Co                                                    COM           37246W105                 919              40,400
Geotel Communications Corp                                 COM           373656107               2,165              47,200
Gerber Scientific Inc                                      COM           373730100               1,026              50,800
Getty Images Inc                                           COM           374276103               1,541              73,400
Gibson Greetngs Inc                                        COM           374827103               3,179             434,700
Gilead Sciences Inc                                        COM           375558103               1,456              32,000
Gillette Company                                           COM           375766102                 393               6,606
Glaxo Wellcome PLC ADR                                     COM           37733W105              70,284           1,050,000
Global Industries Ltd                                      COM           379336100               1,723             170,200
Golden State Bancorp Inc                                   COM           381197102                 401              18,000
Goody's Family Clothing Inc                                COM           382588101                 258              18,500
Granite Broadcasting Corp                                  COM           387241102                 445              67,200
Granite Construction Inc                                   COM           387328107               1,071              45,800
Great Atlantic & Pacific Tea Co                            COM           390064103                 351              11,700
Guidant Corp                                               COM           401698105                 218               3,600
Gymboree Corp                                              COM           403777105                 170              19,000
HMT Technology Corp                                        COM           403917107                 174              49,800
HCR Manor Care Inc                                         COM           404134108              48,454           2,124,000
HCR Manor Care Inc                                         COM           404134108                  25               1,088
HUBCO Inc                                                  COM           404382103               1,400              41,700
Haemonetics Corp                                           COM           405024100                 693              44,200
Halliburton Company                                        COM           406216101                 316               8,200
Hanger Orthopedic Group Inc                                COM           41043F208                 637              47,200
Harbinger Corp                                             COM           41145C103                 163              24,100
Harley-Davidson Inc                                        COM           412822108                 213               3,700
Harmonic Lightwaves                                        COM           413160102                 787              28,500
Harte-Hanks Inc                                            COM           416196103               1,509              55,000
Health Care Property Investors Inc                         COM           421915109                 267               9,300
Healthsouth Corp                                           COM           421924101                 887              83,980
                                                                                       ----------------
                                                       Column Total                            170,144
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
General Motors Corp                                                      X                                            02 07
General Nutrition Cos Inc                                                X                                             02
Genuine Parts Co                                                         X
Genuine Parts Co                                                         X                                            02 07
Geon Co                                                                  X                                          01 02 12
Geotel Communications Corp                                               X                                            06 13
Gerber Scientific Inc                                                    X                                            02 06
Getty Images Inc                                                         X                                            13 14
Gibson Greetngs Inc                                                      X
Gilead Sciences Inc                                                      X                                             02
Gillette Company                                                         X                                            02 07
Glaxo Wellcome PLC ADR                                                   X
Global Industries Ltd                                                    X                                             02
Golden State Bancorp Inc                                                 X                                             02
Goody's Family Clothing Inc                                              X                                             09
Granite Broadcasting Corp                                                X                                             13
Granite Construction Inc                                                 X                                            06 14
Great Atlantic & Pacific Tea Co                                          X                                             02
Guidant Corp                                                             X                                          02 05 10
Gymboree Corp                                                            X                                             04
HMT Technology Corp                                                      X                                             02
HCR Manor Care Inc                                                       X
HCR Manor Care Inc                                                       X                                          01 02 07
HUBCO Inc                                                                X                                            02 06
Haemonetics Corp                                                         X                                             09
Halliburton Company                                                      X                                          02 03 12
Hanger Orthopedic Group Inc                                              X                                            06 14
Harbinger Corp                                                           X                                             02
Harley-Davidson Inc                                                      X                                             13
Harmonic Lightwaves                                                      X                                             13
Harte-Hanks Inc                                                          X                                             02
Health Care Property Investors Inc                                       X                                             09
Healthsouth Corp                                                         X
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
General Motors Corp                                                        3,214
General Nutrition Cos Inc                                                 41,100
Genuine Parts Co                                                         976,500
Genuine Parts Co                                                           1,016
Geon Co                                                                   40,400
Geotel Communications Corp                                                47,200
Gerber Scientific Inc                                                     50,800
Getty Images Inc                                                          73,400
Gibson Greetngs Inc                                                      434,700
Gilead Sciences Inc                                                       32,000
Gillette Company                                                           6,606
Glaxo Wellcome PLC ADR                                                 1,050,000
Global Industries Ltd                                                    170,200
Golden State Bancorp Inc                                                  18,000
Goody's Family Clothing Inc                                               18,500
Granite Broadcasting Corp                                                 67,200
Granite Construction Inc                                                  45,800
Great Atlantic & Pacific Tea Co                                           11,700
Guidant Corp                                                               3,600
Gymboree Corp                                                             19,000
HMT Technology Corp                                                       49,800
HCR Manor Care Inc                                                     2,124,000
HCR Manor Care Inc                                                         1,088
HUBCO Inc                                                                 41,700
Haemonetics Corp                                                          44,200
Halliburton Company                                                        8,200
Hanger Orthopedic Group Inc                                               47,200
Harbinger Corp                                                            24,100
Harley-Davidson Inc                                                        3,700
Harmonic Lightwaves                                                       28,500
Harte-Hanks Inc                                                           55,000
Health Care Property Investors Inc                                         9,300
Healthsouth Corp                                                          83,980
</TABLE>



                                  Page 13 of 28
<PAGE>   14


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Healthsouth Corp                                           COM           421924101                  99               9,540
Health Mangmt AssocA                                       COM           421933102                 256              21,000
Health Mangmt AssocA                                       COM           421933102                   2                 200
Health Care Reit Inc                                       COM           42217K106                 284              13,200
Hearst-Argyle TV                                           COM           422317107                 377              15,298
Heartland Express Inc                                      COM           422347104                 401              26,400
Heftel Broadcasting Corp Cl A                              COM           422799106                 551              12,700
Heilig-Meyers Co                                           COM           422893107                 200              38,500
H.J. Heinz Co                                              COM           423074103              31,016             654,700
H.J. Heinz Co                                              COM           423074103                 695              14,670
Helmerich & Payne Inc                                      COM           423452101                 265              11,700
Hewlett-Packard Co                                         COM           428236103              67,270             992,000
Hewlett-Packard Co                                         COM           428236103                 454               6,700
Home Depot Inc                                             COM           437076102                 551               8,846
Honeywell Inc                                              COM           438506107              23,146             305,300
Honeywell Inc                                              COM           438506107                  68                 900
Hooper Holmes Inc                                          COM           439104100                 227              14,500
Horace Mann Edu Corp                                       COM           440327104              37,619           1,622,400
Hormel Foods Corp                                          COM           440452100                 356              10,000
Houghton Mifflin Co                                        COM           441560109                 642              13,700
Houston Exploration Co                                     COM           442120101                 466              26,800
Hussmann International Inc                                 COM           448110106                 684              46,600
Hyperion Solutions Corp                                    COM           44914M104                 396              27,300
IDEC Pharmaceuticals                                       COM           449370105               1,921              37,400
IDX Systems Corp                                           COM           449491109                 435              30,000
IMS Health Inc                                             COM           449934108              60,589           1,828,200
IMS Health Inc                                             COM           449934108                  50               1,500
ITT Educational Services Inc                               COM           45068B109               1,356              36,100
IDEX Corp                                                  COM           45167R104                 247              10,500
Ikon Office Solution                                       COM           451713101                 988              76,000
Ikon Office Solution                                       COM           451713101                   9                 700
In Focus Systems Inc                                       COM           452919103                 501              57,200
Indiana Energy Inc                                         COM           454707100                 432              22,799
                                                                                       ----------------
                                                       Column Total                            232,553
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Healthsouth Corp                                                         X                                            02 07
Health Mangmt AssocA                                                     X
Health Mangmt AssocA                                                     X                                             07
Health Care Reit Inc                                                     X                                             09
Hearst-Argyle TV                                                         X                                             09
Heartland Express Inc                                                    X                                             14
Heftel Broadcasting Corp Cl A                                            X                                             14
Heilig-Meyers Co                                                         X                                             02
H.J. Heinz Co                                                            X
H.J. Heinz Co                                                            X                                         02 03 07 12
Helmerich & Payne Inc                                                    X                                            02 13
Hewlett-Packard Co                                                       X
Hewlett-Packard Co                                                       X                                          02 03 05
Home Depot Inc                                                           X                                          02 05 07
Honeywell Inc                                                            X
Honeywell Inc                                                            X                                            02 05
Hooper Holmes Inc                                                        X                                            06 13
Horace Mann Edu Corp                                                     X
Hormel Foods Corp                                                        X                                             12
Houghton Mifflin Co                                                      X                                             02
Houston Exploration Co                                                   X                                             02
Hussmann International Inc                                               X                                             09
Hyperion Solutions Corp                                                  X                                            02 11
IDEC Pharmaceuticals                                                     X                                          02 06 13
IDX Systems Corp                                                         X                                             02
IMS Health Inc                                                           X
IMS Health Inc                                                           X                                             02
ITT Educational Services Inc                                             X                                            13 14
IDEX Corp                                                                X                                             09
Ikon Office Solution                                                     X
Ikon Office Solution                                                     X                                             02
In Focus Systems Inc                                                     X                                             02
Indiana Energy Inc                                                       X                                             09
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Healthsouth Corp                                                           9,540
Health Mangmt AssocA                                                      21,000
Health Mangmt AssocA                                                         200
Health Care Reit Inc                                                      13,200
Hearst-Argyle TV                                                          15,298
Heartland Express Inc                                                     26,400
Heftel Broadcasting Corp Cl A                                             12,700
Heilig-Meyers Co                                                          38,500
H.J. Heinz Co                                                            654,700
H.J. Heinz Co                                                             14,670
Helmerich & Payne Inc                                                     11,700
Hewlett-Packard Co                                                       992,000
Hewlett-Packard Co                                                         6,700
Home Depot Inc                                                             8,846
Honeywell Inc                                                            305,300
Honeywell Inc                                                                900
Hooper Holmes Inc                                                         14,500
Horace Mann Edu Corp                                                   1,622,400
Hormel Foods Corp                                                         10,000
Houghton Mifflin Co                                                       13,700
Houston Exploration Co                                                    26,800
Hussmann International Inc                                                46,600
Hyperion Solutions Corp                                                   27,300
IDEC Pharmaceuticals                                                      37,400
IDX Systems Corp                                                          30,000
IMS Health Inc                                                         1,828,200
IMS Health Inc                                                             1,500
ITT Educational Services Inc                                              36,100
IDEX Corp                                                                 10,500
Ikon Office Solution                                                      76,000
Ikon Office Solution                                                         700
In Focus Systems Inc                                                      57,200
Indiana Energy Inc                                                        22,799
</TABLE>




                                  Page 14 of 28
<PAGE>   15


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Industrie Natuzzi SPA                                      COM           456478106                 523              31,700
Infoseek Corp                                              COM           45678M107                 925              12,500
InfoSpace.com Inc                                          COM           45678T102               1,160              13,100
Information Resources Inc                                  COM           456905108                 160              24,900
Inprise Corp                                               COM           45766C102                 342              88,200
Inspire Insurance Solutions Inc                            COM           457732105                 914              48,100
Intel Corp                                                 COM           458140100               2,480              20,400
Intel Corp                                                 COM           458140100               1,657              13,915
Intermet Corp                                              COM           45881K104                 255              19,100
Intl. Business Machines Corp                               COM           459200101             223,288           1,259,600
Intl. Business Machines Corp                               COM           459200101               2,193              12,371
International Home Foods Inc                               COM           459655106                 524              32,600
International Integration Inc                              COM           459698106               1,584              49,500
International Speedway Corp Cl A                           COM           460335201                 227               4,300
Interstate Energy Corp                                     COM           460845100                 334              12,600
INTUIT Inc                                                 COM           461202103                 204               2,000
IT Group (The) Inc                                         COM           465266104                 426              33,100
Ivex Packaging Corp                                        COM           465855104                 987              65,000
JDA Software Group Inc                                     COM           46612K108                 161              21,700
Johnson & Johnson                                          COM           478160104             110,083           1,175,000
Johnson & Johnson                                          COM           478160104               1,542              16,456
Johnstown America Industrs Inc                             COM           479477101               5,614             377,400
Jones Apparel Group Inc                                    COM           480074103                 503              18,010
Jones Lang LaSalle Inc                                     COM           48020Q107                 564              18,800
Jones Medical Industries Inc                               COM           480236108                 622              17,900
KLA-Tencor Corp                                            COM           482480100                 189               3,900
KLA-Tencor Corp                                            COM           482480100                  68               1,400
KLM Royal Dutch Air Lines NV                               COM           482516101                 328              11,825
Kansas City Power & Light                                  COM           485134100                 268              10,900
Kaydon Corp                                                COM           486587108                 712              24,600
Kemet Corp                                                 COM           488360108                 171              14,900
Kimberly-Clark Corp                                        COM           494368103                 508              10,606
Kitty Hawk Inc                                             COM           498326107                 187              23,600
                                                                                       ----------------
                                                       Column Total                            359,705
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Industrie Natuzzi SPA                                                    X                                             08
Infoseek Corp                                                            X                                             14
InfoSpace.com Inc                                                        X                                             13
Information Resources Inc                                                X                                             02
Inprise Corp                                                             X                                             09
Inspire Insurance Solutions Inc                                          X                                             14
Intel Corp                                                               X
Intel Corp                                                               X                                         02 03 05 07
Intermet Corp                                                            X                                             02
Intl. Business Machines Corp                                             X
Intl. Business Machines Corp                                             X                                       02 03 05 07 12
International Home Foods Inc                                             X                                             02
International Integration Inc                                            X                                             13
International Speedway Corp Cl A                                         X                                            06 13
Interstate Energy Corp                                                   X                                             09
INTUIT Inc                                                               X                                             13
IT Group (The) Inc                                                       X                                             13
Ivex Packaging Corp                                                      X                                             02
JDA Software Group Inc                                                   X                                             02
Johnson & Johnson                                                        X
Johnson & Johnson                                                        X                                       02 03 05 07 12
Johnstown America Industrs Inc                                           X
Jones Apparel Group Inc                                                  X                                            02 07
Jones Lang LaSalle Inc                                                   X                                             14
Jones Medical Industries Inc                                             X                                             14
KLA-Tencor Corp                                                          X
KLA-Tencor Corp                                                          X                                            02 10
KLM Royal Dutch Air Lines NV                                             X                                             13
Kansas City Power & Light                                                X                                             13
Kaydon Corp                                                              X                                             09
Kemet Corp                                                               X                                             02
Kimberly-Clark Corp                                                      X                                         01 02 03 07
Kitty Hawk Inc                                                           X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Industrie Natuzzi SPA                                                     31,700
Infoseek Corp                                                             12,500
InfoSpace.com Inc                                                         13,100
Information Resources Inc                                                 24,900
Inprise Corp                                                              88,200
Inspire Insurance Solutions Inc                                           48,100
Intel Corp                                                                20,400
Intel Corp                                                                13,915
Intermet Corp                                                             19,100
Intl. Business Machines Corp                                           1,259,600
Intl. Business Machines Corp                                              12,371
International Home Foods Inc                                              32,600
International Integration Inc                                             49,500
International Speedway Corp Cl A                                           4,300
Interstate Energy Corp                                                    12,600
INTUIT Inc                                                                 2,000
IT Group (The) Inc                                                        33,100
Ivex Packaging Corp                                                       65,000
JDA Software Group Inc                                                    21,700
Johnson & Johnson                                                      1,175,000
Johnson & Johnson                                                         16,456
Johnstown America Industrs Inc                                           377,400
Jones Apparel Group Inc                                                   18,010
Jones Lang LaSalle Inc                                                    18,800
Jones Medical Industries Inc                                              17,900
KLA-Tencor Corp                                                            3,900
KLA-Tencor Corp                                                            1,400
KLM Royal Dutch Air Lines NV                                              11,825
Kansas City Power & Light                                                 10,900
Kaydon Corp                                                               24,600
Kemet Corp                                                                14,900
Kimberly-Clark Corp                                                       10,606
Kitty Hawk Inc                                                            23,600
</TABLE>



                                  Page 15 of 28
<PAGE>   16


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Knight-Ridder Inc                                          COM           499040103                 747              15,000
Knight-Ridder Inc                                          COM           499040103                  26                 524
Kohls Corp                                                 COM           500255104                 312               4,400
Koninklijke (Royal) Philips Electronics                    COM           500472105              45,835             556,000
Koninklijke (Royal) Philips Electronics                    COM           500472105                 454               5,500
Kroll-O'Gara Comp                                          COM           501050108                 868              32,000
LTV Corp                                                   COM           501921100                 873             162,500
LSI Logic Corp                                             COM           502161102                 228               7,300
LTX Corp                                                   COM           502392103                  76              15,800
Lafarge Corporation                                        COM           505862102                 291              10,400
LAM Research Corp.                                         COM           512807108                 360              12,400
Lamar Advertising Comp                                     COM           512815101               1,086              32,000
Lason Inc                                                  COM           51808R107                 754              13,400
Lawter Intl Inc                                            COM           520786104                 585              83,600
Legato Systems Inc                                         COM           524651106               1,399              27,100
Lexmark Intl. Group Inc Cl A                               COM           529771107                 279               2,500
Eli Lilly & Co                                             COM           532457108                 187               2,200
Eli Lilly & Co                                             COM           532457108                 691               8,150
Lincoln Electric Co                                        COM           533900106                 257              13,800
Lincoln National Corp                                      COM           534187109                 208               2,106
Lindsay Manufctrg Co                                       COM           535555106               6,708             337,500
Linens N Things                                            COM           535679104               2,682              59,100
Lockheed Martin Corp                                       COM           539830109                 829              22,000
Lowe's Companies Inc                                       COM           548661107                 257               4,240
Lubrizol Corp                                              COM           549271104                 200               8,900
Lucent Technologies Inc                                    COM           549463107                 981               9,105
Lyondell Chemical Co                                       COM           552078107                 144              10,500
MBIA Inc                                                   COM           55262C100              12,209             210,500
MBIA Inc                                                   COM           55262C100                 121               2,092
MBNA Corp                                                  COM           55262L100              88,117           3,690,750
MBNA Corp                                                  COM           55262L100                  89               3,750
MCI Worldcom                                               COM           55268B106              88,917           1,004,000
MCI Worldcom                                               COM           55268B106               1,497              16,901
                                                                                       ----------------
                                                       Column Total                            258,267
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Knight-Ridder Inc                                                        X
Knight-Ridder Inc                                                        X                                            02 07
Kohls Corp                                                               X                                            02 13
Koninklijke (Royal) Philips Electronics                                  X
Koninklijke (Royal) Philips Electronics                                  X                                             13
Kroll-O'Gara Comp                                                        X                                             14
LTV Corp                                                                 X                                             02
LSI Logic Corp                                                           X                                          02 10 13
LTX Corp                                                                 X                                             02
Lafarge Corporation                                                      X                                            01 13
LAM Research Corp.                                                       X                                          02 06 10
Lamar Advertising Comp                                                   X                                             02
Lason Inc                                                                X                                            06 14
Lawter Intl Inc                                                          X                                            02 09
Legato Systems Inc                                                       X                                            02 06
Lexmark Intl. Group Inc Cl A                                             X                                            03 05
Eli Lilly & Co                                                           X
Eli Lilly & Co                                                           X                                         01 02 05 07
Lincoln Electric Co                                                      X                                             09
Lincoln National Corp                                                    X                                         02 03 07 13
Lindsay Manufctrg Co                                                     X
Linens N Things                                                          X                                          02 06 13
Lockheed Martin Corp                                                     X                                       01 02 03 07 13
Lowe's Companies Inc                                                     X                                         02 05 07 13
Lubrizol Corp                                                            X                                             02
Lucent Technologies Inc                                                  X                                          02 05 07
Lyondell Chemical Co                                                     X                                            01 12
MBIA Inc                                                                 X
MBIA Inc                                                                 X                                            02 07
MBNA Corp                                                                X
MBNA Corp                                                                X                                             02
MCI Worldcom                                                             X
MCI Worldcom                                                             X                                         02 03 05 07
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Knight-Ridder Inc                                                         15,000
Knight-Ridder Inc                                                            524
Kohls Corp                                                                 4,400
Koninklijke (Royal) Philips Electronics                                  556,000
Koninklijke (Royal) Philips Electronics                                    5,500
Kroll-O'Gara Comp                                                         32,000
LTV Corp                                                                 162,500
LSI Logic Corp                                                             7,300
LTX Corp                                                                  15,800
Lafarge Corporation                                                       10,400
LAM Research Corp.                                                        12,400
Lamar Advertising Comp                                                    32,000
Lason Inc                                                                 13,400
Lawter Intl Inc                                                           83,600
Legato Systems Inc                                                        27,100
Lexmark Intl. Group Inc Cl A                                               2,500
Eli Lilly & Co                                                             2,200
Eli Lilly & Co                                                             8,150
Lincoln Electric Co                                                       13,800
Lincoln National Corp                                                      2,106
Lindsay Manufctrg Co                                                     337,500
Linens N Things                                                           59,100
Lockheed Martin Corp                                                      22,000
Lowe's Companies Inc                                                       4,240
Lubrizol Corp                                                              8,900
Lucent Technologies Inc                                                    9,105
Lyondell Chemical Co                                                      10,500
MBIA Inc                                                                 210,500
MBIA Inc                                                                   2,092
MBNA Corp                                                              3,690,750
MBNA Corp                                                                  3,750
MCI Worldcom                                                           1,004,000
MCI Worldcom                                                              16,901
</TABLE>



                                  Page 16 of 28
<PAGE>   17


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
MDU Resources Group Inc                                    COM           552690109                 456              19,950
Macdermid Inc                                              COM           554273102               1,235              36,400
Macromedia Inc                                             COM           556100105                 992              21,900
Magnetek Inc                                               COM           559424106                 838             100,000
Mark VII Inc                                               COM           570414102                 507              36,200
Marsh & McLennan Companies Inc                             COM           571748102                 703               9,476
Martin Marietta  Materials Inc                             COM           573284106              33,330             584,100
Martin Marietta  Materials Inc                             COM           573284106                  17                 300
Masco Corp                                                 COM           574599106              39,779           1,408,100
Masco Corp                                                 COM           574599106                 118               4,200
Mattel Inc                                                 COM           577081102                 250              10,060
Matthews Intl Corp Cl A                                    COM           577128101                 485              17,700
Maxtor Corp                                                COM           577729205                 484              68,600
Maxwell Shoe Co Cl A                                       COM           577766108                 233              27,000
May Dept Stores                                            COM           577778103                 660              16,880
Maytag Corp                                                COM           578592107              46,929             777,300
Maytag Corp                                                COM           578592107                 405               6,700
McDonald's Corp                                            COM           580135101              77,113           1,701,800
McDonald's Corp                                            COM           580135101                 553              12,206
McKesson HBOC Inc                                          COM           58155Q103              60,257             912,990
McKesson HBOC Inc                                          COM           58155Q103                  98               1,481
MediaOne Group Inc                                         COM           58440J104               2,532              38,890
MediaOne Group Inc                                         COM           58440J104               2,532              38,890
Medtronic Inc                                              COM           585055106               3,323              46,400
Medtronic Inc                                              COM           585055106                 321               4,470
Mellon Bank Corp                                           COM           585509102             239,261           3,399,800
Mellon Bank Corp                                           COM           585509102                 640               9,100
Mentor Corp Minn                                           COM           587188103                 447              30,400
Mentor Graphics Corp                                       COM           587200106                 392              29,000
Mercantile Bankshare Corp                                  COM           587405101                 333               9,006
Merck & Co Inc                                             COM           589331107             160,375           2,000,000
Merck & Co Inc                                             COM           589331107               1,529              19,064
Mercury Computer Systems Inc                               COM           589378108                 616              34,200
                                                                                       ----------------
                                                       Column Total                            677,743
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
MDU Resources Group Inc                                                  X                                            06 09
Macdermid Inc                                                            X                                            02 11
Macromedia Inc                                                           X                                            06 13
Magnetek Inc                                                             X                                             02
Mark VII Inc                                                             X                                             14
Marsh & McLennan Companies Inc                                           X                                         02 03 07 12
Martin Marietta  Materials Inc                                           X
Martin Marietta  Materials Inc                                           X                                             01
Masco Corp                                                               X
Masco Corp                                                               X                                            01 02
Mattel Inc                                                               X                                            02 07
Matthews Intl Corp Cl A                                                  X                                             09
Maxtor Corp                                                              X                                             02
Maxwell Shoe Co Cl A                                                     X                                             02
May Dept Stores                                                          X                                         02 07 12 13
Maytag Corp                                                              X
Maytag Corp                                                              X                                          02 05 13
McDonald's Corp                                                          X
McDonald's Corp                                                          X                                         02 05 07 12
McKesson HBOC Inc                                                        X
McKesson HBOC Inc                                                        X                                            02 05
MediaOne Group Inc                                                       X
MediaOne Group Inc                                                       X                                            02 07
Medtronic Inc                                                            X
Medtronic Inc                                                            X                                          02 05 07
Mellon Bank Corp                                                         X
Mellon Bank Corp                                                         X                                         02 03 05 13
Mentor Corp Minn                                                         X                                             09
Mentor Graphics Corp                                                     X                                             13
Mercantile Bankshare Corp                                                X                                            07 12
Merck & Co Inc                                                           X
Merck & Co Inc                                                           X                                         02 03 05 07
Mercury Computer Systems Inc                                             X                                             14
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
MDU Resources Group Inc                                                   19,950
Macdermid Inc                                                             36,400
Macromedia Inc                                                            21,900
Magnetek Inc                                                             100,000
Mark VII Inc                                                              36,200
Marsh & McLennan Companies Inc                                             9,476
Martin Marietta  Materials Inc                                           584,100
Martin Marietta  Materials Inc                                               300
Masco Corp                                                             1,408,100
Masco Corp                                                                 4,200
Mattel Inc                                                                10,060
Matthews Intl Corp Cl A                                                   17,700
Maxtor Corp                                                               68,600
Maxwell Shoe Co Cl A                                                      27,000
May Dept Stores                                                           16,880
Maytag Corp                                                              777,300
Maytag Corp                                                                6,700
McDonald's Corp                                                        1,701,800
McDonald's Corp                                                           12,206
McKesson HBOC Inc                                                        912,990
McKesson HBOC Inc                                                          1,481
MediaOne Group Inc                                                        38,890
MediaOne Group Inc                                                        38,890
Medtronic Inc                                                             46,400
Medtronic Inc                                                              4,470
Mellon Bank Corp                                                       3,399,800
Mellon Bank Corp                                                           9,100
Mentor Corp Minn                                                          30,400
Mentor Graphics Corp                                                      29,000
Mercantile Bankshare Corp                                                  9,006
Merck & Co Inc                                                         2,000,000
Merck & Co Inc                                                            19,064
Mercury Computer Systems Inc                                              34,200
</TABLE>




                                  Page 17 of 28
<PAGE>   18


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Mercury Interactive                                        COM           589405109               2,013              56,500
Merrill Lynch & Co                                         COM           590188108             110,989           1,255,000
Merrill Lynch & Co                                         COM           590188108                 513               5,800
Metals USA Inc                                             COM           591324108                 498              56,900
Methode Electronics Inc Cl A                               COM           591520200                 639              57,400
Metro-Goldwyn-Mayer Inc                                    COM           591610100                 314              23,900
Metromedia Fiber Network Inc                               COM           591689104                 244               4,700
Metro Networks Inc                                         COM           591918107               1,040              18,900
Michaels Stores Inc                                        COM           594087108                 202               8,200
Microsoft Corp                                             COM           594918104               3,585             400,000
Microsoft Corp                                             COM           594918104               3,116              34,766
Microchip Technology                                       COM           595017104                 208               6,000
Micro Warehouse Inc                                        COM           59501B105                 418              25,900
Micrografx Inc                                             COM           595077108                 518              57,600
Midas Inc                                                  COM           595626102                 217               6,500
Miller Industries                                          COM           600551105                  48              10,100
Millipore Corp                                             COM           601073109              25,326           1,048,800
Millipore Corp                                             COM           601073109                 661              27,400
Minimed Inc                                                COM           60365K108               1,108              10,900
Mirage Resorts Inc                                         COM           60462E104                 363              17,088
Mobil Corp                                                 COM           607059102                 802               9,100
Mobil Corp                                                 COM           607059102               1,076              12,231
Mohawk Industries Inc                                      COM           608190104               1,050              35,000
Molex Inc                                                  COM           608554101               5,379             183,103
Molex Inc Cl A                                             COM           608554200               3,881             150,000
Monsanto Co                                                COM           611662107              44,893             977,000
Monsanto Co                                                COM           611662107                 341               7,427
Montana Power Co                                           COM           612085100                 920              12,500
MONY Group Inc                                             COM           615337102                 403              16,200
Morgan Stanley Dean Witter & Co                            COM           617446448              16,490             165,000
Morgan Stanley Dean Witter & Co                            COM           617446448                 550               5,504
(New) Morton Intl Inc                                      COM           619335102              38,566           1,049,400
(New) Morton Intl Inc                                      COM           619335102                  22                 600
                                                                                       ----------------
                                                       Column Total                            266,390
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Mercury Interactive                                                       X                                         06 10 13 14
Merrill Lynch & Co                                                        X
Merrill Lynch & Co                                                        X                                            02 13
Metals USA Inc                                                            X                                            06 14
Methode Electronics Inc Cl A                                              X                                             09
Metro-Goldwyn-Mayer Inc                                                   X                                             02
Metromedia Fiber Network Inc                                              X                                          06 10 13
Metro Networks Inc                                                        X                                             14
Michaels Stores Inc                                                       X                                             04
Microsoft Corp                                                            X
Microsoft Corp                                                            X                                          02 05 07
Microchip Technology                                                      X
Micro Warehouse Inc                                                       X                                             02
Micrografx Inc                                                            X                                             14
Midas Inc                                                                 X                                             04
Miller Industries                                                         X                                             02
Millipore Corp                                                            X
Millipore Corp                                                            X                                             02
Minimed Inc                                                               X                                            06 14
Mirage Resorts Inc                                                        X                                          02 07 13
Mobil Corp                                                                X
Mobil Corp                                                                X                                          02 03 07
Mohawk Industries Inc                                                     X                                             01
Molex Inc                                                                 X
Molex Inc Cl A                                                            X
Monsanto Co                                                               X
Monsanto Co                                                               X                                          02 05 07
Montana Power Co                                                          X                                            09 13
MONY Group Inc                                                            X                                             02
Morgan Stanley Dean Witter & Co                                           X
Morgan Stanley Dean Witter & Co                                           X                                         02 03 05 07
(New) Morton Intl Inc                                                     X
(New) Morton Intl Inc                                                     X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Mercury Interactive                                                       56,500
Merrill Lynch & Co                                                     1,255,000
Merrill Lynch & Co                                                         5,800
Metals USA Inc                                                            56,900
Methode Electronics Inc Cl A                                              57,400
Metro-Goldwyn-Mayer Inc                                                   23,900
Metromedia Fiber Network Inc                                               4,700
Metro Networks Inc                                                        18,900
Michaels Stores Inc                                                        8,200
Microsoft Corp                                                           400,000
Microsoft Corp                                                            34,766
Microchip Technology                                                       6,000
Micro Warehouse Inc                                                       25,900
Micrografx Inc                                                            57,600
Midas Inc                                                                  6,500
Miller Industries                                                         10,100
Millipore Corp                                                         1,048,800
Millipore Corp                                                            27,400
Minimed Inc                                                               10,900
Mirage Resorts Inc                                                        17,088
Mobil Corp                                                                 9,100
Mobil Corp                                                                12,231
Mohawk Industries Inc                                                     35,000
Molex Inc                                                                183,103
Molex Inc Cl A                                                           150,000
Monsanto Co                                                              977,000
Monsanto Co                                                                7,427
Montana Power Co                                                          12,500
MONY Group Inc                                                            16,200
Morgan Stanley Dean Witter & Co                                          165,000
Morgan Stanley Dean Witter & Co                                            5,504
(New) Morton Intl Inc                                                  1,049,400
(New) Morton Intl Inc                                                        600
</TABLE>



                                  Page 18 of 28
<PAGE>   19


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Motorola Inc                                               COM           620076109                 430               5,864
Musicland Stores Corp                                      COM           62758B109                 227              25,800
NCR Corp                                                   COM           62886E108                 280               5,600
Nac Re Corp                                                COM           628907107               1,884              35,100
NFO Worldwide Inc                                          COM           62910N108                 250              25,000
NN Ball & Roller Inc                                       COM           629305103                  96              16,900
NPC International Inc                                      COM           629360306                 344              22,000
NUI Corp                                                   COM           629430109                 323              15,000
Nabors Industries Inc                                      COM           629568106                 622              34,200
National Data Corp                                         COM           635621105               1,491              35,500
National Fuel Gas Co N J                                   COM           636180101                 396              10,100
National Instruments Corp                                  COM           636518102                 626              21,950
National-Oilwell Inc                                       COM           637071101                 652              56,352
Network Event Theater Inc                                  COM           640924106                 648              51,300
Nevada Power Co                                            COM           641423108                 554              22,400
New Era of Networks Inc                                    COM           644312100               3,144              46,400
New Plan Excel Realty Trust                                COM           648053106                 210              10,920
New York Times Co                                          COM           650111107             100,591           3,529,500
New York Times Co                                          COM           650111107                 205               7,196
Newpark Resources Inc                                      COM           651718504                 501              69,100
Newport News Shipbuilding Inc                              COM           652228107               3,251             102,600
News Corp Pref                                             COM           652487802                 440              16,000
99 Cents Only Stores                                       COM           65440K106               2,075              48,900
Nordson Corp                                               COM           655663102                 295               5,300
North Fork Bancorporation Inc                              COM           659424105                 211              10,000
North Fork Bancorporation Inc                              COM           659424105                   2                  72
Northwest Natural Gas Co                                   COM           667655104                 223              10,200
Nova Corp                                                  COM           669784100                 529              20,163
OM Group Inc                                               COM           670872100              16,868             511,150
OM Group Inc                                               COM           670872100                  96               2,900
Ocean Energy Inc                                           COM           674812201                 153              21,900
Ocean Financial Corp                                       COM           674904107                 242              16,800
Oceaneering International Inc                              COM           675232102                 398              26,300
                                                                                       ----------------
                                                       Column Total                            138,257
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Motorola Inc                                                             X                                         02 03 05 07
Musicland Stores Corp                                                    X                                            02 06
NCR Corp                                                                 X                                            04 13
Nac Re Corp                                                              X                                          02 06 09
NFO Worldwide Inc                                                        X                                             02
NN Ball & Roller Inc                                                     X                                             09
NPC International Inc                                                    X                                             13
NUI Corp                                                                 X                                             09
Nabors Industries Inc                                                    X                                             09
National Data Corp                                                       X                                             02
National Fuel Gas Co N J                                                 X                                             09
National Instruments Corp                                                X                                             14
National-Oilwell Inc                                                     X                                             09
Network Event Theater Inc                                                X                                             14
Nevada Power Co                                                          X                                             09
New Era of Networks Inc                                                  X                                          02 10 13
New Plan Excel Realty Trust                                              X                                             12
New York Times Co                                                        X
New York Times Co                                                        X                                          02 03 07
Newpark Resources Inc                                                    X                                             03
Newport News Shipbuilding Inc                                            X                                            02 09
News Corp Pref                                                           X                                             12
99 Cents Only Stores                                                     X                                          09 13 14
Nordson Corp                                                             X                                             02
North Fork Bancorporation Inc                                            X
North Fork Bancorporation Inc                                            X                                             07
Northwest Natural Gas Co                                                 X                                             09
Nova Corp                                                                X                                             14
OM Group Inc                                                             X
OM Group Inc                                                             X                                             11
Ocean Energy Inc                                                         X                                             02
Ocean Financial Corp                                                     X                                             09
Oceaneering International Inc                                            X                                             09
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Motorola Inc                                                               5,864
Musicland Stores Corp                                                     25,800
NCR Corp                                                                   5,600
Nac Re Corp                                                               35,100
NFO Worldwide Inc                                                         25,000
NN Ball & Roller Inc                                                      16,900
NPC International Inc                                                     22,000
NUI Corp                                                                  15,000
Nabors Industries Inc                                                     34,200
National Data Corp                                                        35,500
National Fuel Gas Co N J                                                  10,100
National Instruments Corp                                                 21,950
National-Oilwell Inc                                                      56,352
Network Event Theater Inc                                                 51,300
Nevada Power Co                                                           22,400
New Era of Networks Inc                                                   46,400
New Plan Excel Realty Trust                                               10,920
New York Times Co                                                      3,529,500
New York Times Co                                                          7,196
Newpark Resources Inc                                                     69,100
Newport News Shipbuilding Inc                                            102,600
News Corp Pref                                                            16,000
99 Cents Only Stores                                                      48,900
Nordson Corp                                                               5,300
North Fork Bancorporation Inc                                             10,000
North Fork Bancorporation Inc                                                 72
Northwest Natural Gas Co                                                  10,200
Nova Corp                                                                 20,163
OM Group Inc                                                             511,150
OM Group Inc                                                               2,900
Ocean Energy Inc                                                          21,900
Ocean Financial Corp                                                      16,800
Oceaneering International Inc                                             26,300
</TABLE>



                                  Page 19 of 28
<PAGE>   20


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Officemax Inc                                              COM           67622M108                 814              94,400
Offshore Logistics I                                       COM           676255102                 506              43,500
Omnicare Inc                                               COM           681904108                 351              18,400
OmniQuip Intl Inc                                          COM           681969101                 306              26,000
On Assignment Inc                                          COM           682159108                 566              22,100
Onsale Inc                                                 COM           682838107                 480              14,300
Optical Coating Laboratory Inc                             COM           683829105               2,054              42,800
Oracle Corp                                                COM           68389X105                 226               8,550
Orange & Rockland Utilities Inc                            COM           684065105                 276               4,800
Orbital Sciences Corp                                      COM           685564106                 487              17,200
O'Reilly Automotive Inc                                    COM           686091109                 492              11,000
Osicom Tech Inc                                            COM           688271501                 312              13,000
Outdoor Systems Inc                                        COM           690057104               1,218              40,587
PFF Bancorp Inc                                            COM           69331W104                 275              15,700
PMC-Sierra Inc                                             COM           69344F106               1,488              20,900
Pacific Century Financial Corp                             COM           694058108              16,698             799,900
Pacific Century Financial Corp                             COM           694058108                   1                  40
Pacific Sunwear of California                              COM           694873100                 400              11,500
Paging Network Inc                                         COM           695542100                 382              81,400
Paine Webber Group Inc                                     COM           695629105                 362               9,078
Pall Corp                                                  COM           696429307              24,896           1,503,151
Pall Corp                                                  COM           696429307                  10                 600
Park Place Entertainment                                   COM           700690100                  76              10,106
Patterson Dental Co                                        COM           703412106                 980              22,650
Paxson Communications Corp                                 COM           704231109                 243              28,400
Penn-America Group Inc                                     COM           707247102                 136              12,400
J.C. Penney Co Inc                                         COM           708160106                 723              17,852
Peoples Heritage Financial Group                           COM           711147108                 654              36,360
Pep Boys - Manny, Moe & Jack (The)                         COM           713278109                 326              21,400
PepsiCo Inc                                                COM           713448108             104,345           2,662,700
PepsiCo Inc                                                COM           713448108               1,173              29,937
Peregrine Systems                                          COM           71366Q101                 656              19,500
Petroleum Geo Services ADR                                 COM           716597109                 860              56,400
                                                                                       ----------------
                                                       Column Total                            162,771
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Officemax Inc                                                            X                                             02
Offshore Logistics I                                                     X                                             09
Omnicare Inc                                                             X                                             13
OmniQuip Intl Inc                                                        X                                             02
On Assignment Inc                                                        X                                             14
Onsale Inc                                                               X                                             14
Optical Coating Laboratory Inc                                           X                                             13
Oracle Corp                                                              X                                          02 05 07
Orange & Rockland Utilities Inc                                          X                                             09
Orbital Sciences Corp                                                    X                                             09
O'Reilly Automotive Inc                                                  X                                             13
Osicom Tech Inc                                                          X                                             13
Outdoor Systems Inc                                                      X                                            10 14
PFF Bancorp Inc                                                          X                                             02
PMC-Sierra Inc                                                           X                                          02 06 13
Pacific Century Financial Corp                                           X
Pacific Century Financial Corp                                           X                                             07
Pacific Sunwear of California                                            X                                             13
Paging Network Inc                                                       X                                             02
Paine Webber Group Inc                                                   X                                            07 13
Pall Corp                                                                X
Pall Corp                                                                X                                             02
Park Place Entertainment                                                 X                                            02 07
Patterson Dental Co                                                      X                                             09
Paxson Communications Corp                                               X                                             02
Penn-America Group Inc                                                   X                                             09
J.C. Penney Co Inc                                                       X                                         02 03 07 12
Peoples Heritage Financial Group                                         X                                            07 09
Pep Boys - Manny, Moe & Jack (The)                                       X                                            02 11
PepsiCo Inc                                                              X
PepsiCo Inc                                                              X                                       02 03 05 07 12
Peregrine Systems                                                        X                                             13
Petroleum Geo Services ADR                                               X                                            13 14
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Officemax Inc                                                             94,400
Offshore Logistics I                                                      43,500
Omnicare Inc                                                              18,400
OmniQuip Intl Inc                                                         26,000
On Assignment Inc                                                         22,100
Onsale Inc                                                                14,300
Optical Coating Laboratory Inc                                            42,800
Oracle Corp                                                                8,550
Orange & Rockland Utilities Inc                                            4,800
Orbital Sciences Corp                                                     17,200
O'Reilly Automotive Inc                                                   11,000
Osicom Tech Inc                                                           13,000
Outdoor Systems Inc                                                       40,587
PFF Bancorp Inc                                                           15,700
PMC-Sierra Inc                                                            20,900
Pacific Century Financial Corp                                           799,900
Pacific Century Financial Corp                                                40
Pacific Sunwear of California                                             11,500
Paging Network Inc                                                        81,400
Paine Webber Group Inc                                                     9,078
Pall Corp                                                              1,503,151
Pall Corp                                                                    600
Park Place Entertainment                                                  10,106
Patterson Dental Co                                                       22,650
Paxson Communications Corp                                                28,400
Penn-America Group Inc                                                    12,400
J.C. Penney Co Inc                                                        17,852
Peoples Heritage Financial Group                                          36,360
Pep Boys - Manny, Moe & Jack (The)                                        21,400
PepsiCo Inc                                                            2,662,700
PepsiCo Inc                                                               29,937
Peregrine Systems                                                         19,500
Petroleum Geo Services ADR                                                56,400
</TABLE>



                                  Page 20 of 28
<PAGE>   21


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Petsmart Inc                                               COM           716768106                  84              10,500
Pharmacia & Upjohn Inc                                     COM           716941109              36,707             588,500
Pharmacia & Upjohn Inc                                     COM           716941109                 649              10,400
Pfizer Inc                                                 COM           717081103              65,528             471,600
Pfizer Inc                                                 COM           717081103                 982               7,072
Pharmaceutical Product Development                         COM           717124101               1,745              52,000
Philip Morris Companies Inc                                COM           718154107              88,486           2,514,700
Philip Morris Companies Inc                                COM           718154107               1,639              46,588
Photronics Inc                                             COM           719405102                 771              41,400
Piedmont Natural Gas Co Inc                                COM           720186105                 473              13,500
Pillowtex Corp                                             COM           721501104                 194              13,700
Pinnacle Holdings Inc                                      COM           72346N101                 787              52,000
Pitney Bowes Inc                                           COM           724479100                 293               4,600
Powerwave Tech Inc                                         COM           739363109               2,310              81,400
Premark International Inc                                  COM           740459102              11,657             353,900
Premier Parks Inc                                          COM           740540208               1,479              39,700
Primex Technologies Inc                                    COM           741597108                 573              27,600
Prime Hospitality Cp                                       COM           741917108                 464              46,700
Pride Intl Inc                                             COM           741932107                 451              54,700
Procter and Gamble Co                                      COM           742718109              26,738             272,200
Procter and Gamble Co                                      COM           742718109               1,105              11,279
Prodigy Comm Corp                                          COM           74283P107                 553              14,400
Profit Recovery Group Intl Inc                             COM           743168106                 869              22,000
Provident Companies                                        COM           743862104              59,911           1,733,400
Provident Companies                                        COM           743862104                  24                 710
Providian Financial Corp                                   COM           74406A102                 358               3,250
PSINet Inc                                                 COM           74437C101                 285               6,700
Public Service Co. of New Mexico                           COM           744499104                 303              17,800
Pulitzer Inc                                               COM           745769109                 377               9,333
QLT PhotoTherapeutic Inc                                   COM           746927102                 265               6,500
QRS Corp                                                   COM           74726X105               1,489              23,800
Quaker Oats Co                                             COM           747402105             173,882           2,779,800
Quaker Oats Co                                             COM           747402105                  38                 600
                                                                                       ----------------
                                                       Column Total                            481,468
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Petsmart Inc                                                             X                                             11
Pharmacia & Upjohn Inc                                                   X
Pharmacia & Upjohn Inc                                                   X                                            02 12
Pfizer Inc                                                               X
Pfizer Inc                                                               X                                          02 05 07
Pharmaceutical Product Development                                       X                                             13
Philip Morris Companies Inc                                              X
Philip Morris Companies Inc                                              X                                    01 02 03 05 07 12 13
Photronics Inc                                                           X                                             14
Piedmont Natural Gas Co Inc                                              X                                             09
Pillowtex Corp                                                           X                                             02
Pinnacle Holdings Inc                                                    X                                             13
Pitney Bowes Inc                                                         X                                            02 03
Powerwave Tech Inc                                                       X                                          10 13 14
Premark International Inc                                                X
Premier Parks Inc                                                        X                                         06 10 13 14
Primex Technologies Inc                                                  X                                             09
Prime Hospitality Cp                                                     X                                             09
Pride Intl Inc                                                           X                                             09
Procter and Gamble Co                                                    X
Procter and Gamble Co                                                    X                                          02 05 07
Prodigy Comm Corp                                                        X                                             14
Profit Recovery Group Intl Inc                                           X                                             13
Provident Companies                                                      X
Provident Companies                                                      X                                            02 07
Providian Financial Corp                                                 X                                         02 05 10 13
PSINet Inc                                                               X                                            10 13
Public Service Co. of New Mexico                                         X                                             09
Pulitzer Inc                                                             X                                             09
QLT PhotoTherapeutic Inc                                                 X                                             13
QRS Corp                                                                 X                                             14
Quaker Oats Co                                                           X
Quaker Oats Co                                                           X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Petsmart Inc                                                               10,500
Pharmacia & Upjohn Inc                                                    588,500
Pharmacia & Upjohn Inc                                                     10,400
Pfizer Inc                                                                471,600
Pfizer Inc                                                                  7,072
Pharmaceutical Product Development                                         52,000
Philip Morris Companies Inc                                             2,514,700
Philip Morris Companies Inc                                                46,588
Photronics Inc                                                             41,400
Piedmont Natural Gas Co Inc                                                13,500
Pillowtex Corp                                                             13,700
Pinnacle Holdings Inc                                                      52,000
Pitney Bowes Inc                                                            4,600
Powerwave Tech Inc                                                         81,400
Premark International Inc                                                 353,900
Premier Parks Inc                                                          39,700
Primex Technologies Inc                                                    27,600
Prime Hospitality Cp                                                       46,700
Pride Intl Inc                                                             54,700
Procter and Gamble Co                                                     272,200
Procter and Gamble Co                                                      11,279
Prodigy Comm Corp                                                          14,400
Profit Recovery Group Intl Inc                                             22,000
Provident Companies                                                     1,733,400
Provident Companies                                                           710
Providian Financial Corp                                                    3,250
PSINet Inc                                                                  6,700
Public Service Co. of New Mexico                                           17,800
Pulitzer Inc                                                                9,333
QLT PhotoTherapeutic Inc                                                    6,500
QRS Corp                                                                   23,800
Quaker Oats Co                                                          2,779,800
Quaker Oats Co                                                                600
</TABLE>



                                  Page 21 of 28
<PAGE>   22


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Quanta Services Inc                                        COM           74762E102                 336              13,200
Queens County Bancorp Inc                                  COM           748242104                 361              13,375
Quest Diagnostis Inc                                       COM           74834L100              27,753           1,247,324
Quest Diagnostis Inc                                       COM           74834L100                 774              34,800
Quiksilver Inc                                             COM           74838C106               1,922              45,500
R&B Falcon Corp                                            COM           74912E101                 176              19,936
Radiant Systems Inc                                        COM           75025N102                 441              46,400
Ralston-Ralston Purina Group                               COM           751277302              86,940           3,257,700
Ralston-Ralston Purina Group                               COM           751277302                 240               8,988
Range Resources Corp                                       COM           75281A109                 218              62,200
Raychem Corp                                               COM           754603108              27,421           1,215,320
Raychem Corp                                               COM           754603108                   9                 400
Raytheon Co Cl B                                           COM           755111408                 563               9,600
Reinsurance Group of America Inc                           COM           759351208                 615              18,150
Reliance Bancorp Inc                                       COM           759451107                 385              13,400
Reliance Gp Hldgs In                                       COM           759464100                 945             125,000
Reliant Energy Inc                                         COM           75952J108                 242               9,300
Remedy Corp                                                COM           759548100                 531              37,900
Renaissance Worldwide Inc                                  COM           75968A109                 356              57,600
Renal Care Group                                           COM           759930100                 577              29,400
Rent-A-Center Inc                                          COM           76009N100               1,006              35,000
Respironics Inc                                            COM           761230101                 443              33,600
Rexall Sundown Inc                                         COM           761648104                 259              13,500
The Reynolds and Reynolds Co                               COM           761695105                 380              20,000
Richfood Holdngs Inc                                       COM           763408101                 700              32,450
Ritchie Brothers Auctioneers Inc                           COM           767744105               1,516              45,000
Rite Aid Corp                                              COM           767754104                 298              11,900
Roberts Pharm Corp                                         COM           770491108               1,006              48,500
Rochester Gas & Electric Corp                              COM           771367109                 292              11,400
Rohm and Haas Co                                           COM           775371107                 590              17,600
Rohm and Haas Co                                           COM           775371107                 138               4,104
Roper Industries Inc                                       COM           776696106               1,963              82,200
Rowan Companies Inc                                        COM           779382100               1,210              95,400
                                                                                       ----------------
                                                       Column Total                            160,606
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Quanta Services Inc                                                      X                                             13
Queens County Bancorp Inc                                                X                                             09
Quest Diagnostis Inc                                                     X
Quest Diagnostis Inc                                                     X                                             02
Quiksilver Inc                                                           X                                             13
R&B Falcon Corp                                                          X                                            02 07
Radiant Systems Inc                                                      X                                             14
Ralston-Ralston Purina Group                                             X
Ralston-Ralston Purina Group                                             X                                          02 07 12
Range Resources Corp                                                     X                                             02
Raychem Corp                                                             X
Raychem Corp                                                             X                                             02
Raytheon Co Cl B                                                         X                                          01 02 13
Reinsurance Group of America Inc                                         X                                             14
Reliance Bancorp Inc                                                     X                                             09
Reliance Gp Hldgs In                                                     X                                             02
Reliant Energy Inc                                                       X                                            02 12
Remedy Corp                                                              X                                             14
Renaissance Worldwide Inc                                                X                                             02
Renal Care Group                                                         X                                             14
Rent-A-Center Inc                                                        X                                             02
Respironics Inc                                                          X                                             09
Rexall Sundown Inc                                                       X                                             02
The Reynolds and Reynolds Co                                             X                                             12
Richfood Holdngs Inc                                                     X                                             09
Ritchie Brothers Auctioneers Inc                                         X                                             02
Rite Aid Corp                                                            X                                          02 05 12
Roberts Pharm Corp                                                       X                                             13
Rochester Gas & Electric Corp                                            X                                             09
Rohm and Haas Co                                                         X
Rohm and Haas Co                                                         X                                            02 07
Roper Industries Inc                                                     X                                            02 09
Rowan Companies Inc                                                      X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Quanta Services Inc                                                       13,200
Queens County Bancorp Inc                                                 13,375
Quest Diagnostis Inc                                                   1,247,324
Quest Diagnostis Inc                                                      34,800
Quiksilver Inc                                                            45,500
R&B Falcon Corp                                                           19,936
Radiant Systems Inc                                                       46,400
Ralston-Ralston Purina Group                                           3,257,700
Ralston-Ralston Purina Group                                               8,988
Range Resources Corp                                                      62,200
Raychem Corp                                                           1,215,320
Raychem Corp                                                                 400
Raytheon Co Cl B                                                           9,600
Reinsurance Group of America Inc                                          18,150
Reliance Bancorp Inc                                                      13,400
Reliance Gp Hldgs In                                                     125,000
Reliant Energy Inc                                                         9,300
Remedy Corp                                                               37,900
Renaissance Worldwide Inc                                                 57,600
Renal Care Group                                                          29,400
Rent-A-Center Inc                                                         35,000
Respironics Inc                                                           33,600
Rexall Sundown Inc                                                        13,500
The Reynolds and Reynolds Co                                              20,000
Richfood Holdngs Inc                                                      32,450
Ritchie Brothers Auctioneers Inc                                          45,000
Rite Aid Corp                                                             11,900
Roberts Pharm Corp                                                        48,500
Rochester Gas & Electric Corp                                             11,400
Rohm and Haas Co                                                          17,600
Rohm and Haas Co                                                           4,104
Roper Industries Inc                                                      82,200
Rowan Companies Inc                                                       95,400
</TABLE>




                                  Page 22 of 28
<PAGE>   23


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Royal Dutch Petroleum Co                                   COM           780257804                 714              13,728
Ruddick Corp                                               COM           781258108                 774              39,700
SBC Communications Inc                                     COM           78387G103                 974              20,666
SCI Systems Inc                                            COM           783890106                 252               8,500
SCPIE Holdings Inc                                         COM           78402P104                 299              11,000
SLM Holding Corp                                           COM           78442A109                 380               9,100
SM&A Corp                                                  COM           784432106                 306              26,600
S&P 500 Depository Receipt                                 COM           78462F103                 380               2,960
SPSS Inc                                                   COM           78462K102                 164              10,000
SOS Staffing Svcs Inc                                      COM           78462X104                 171              22,300
Safety Components International Inc                        COM           786474106                 561              65,000
Safety-Kleen Corp                                          COM           78648R203               1,949             147,075
Safeway Inc                                                COM           786514208                 353               6,874
St. John Knits Inc                                         COM           790289102                 269              10,200
St. Jude Medical Inc                                       COM           790849103              32,641           1,339,100
St. Jude Medical Inc                                       COM           790849103                  41               1,700
SanDisk Corp                                               COM           80004C101                 345              13,000
Santa Fe Energy Resources Inc                              COM           802012104                 730              99,800
Sara Lee Corp                                              COM           803111103              86,976           3,514,200
Sara Lee Corp                                              COM           803111103                 119               4,780
Schering-Plough Corp                                       COM           806605101             316,547           5,722,600
Schering-Plough Corp                                       COM           806605101                 448               8,100
Schlumberger Ltd                                           COM           806857108                 991              16,000
Schlumberger Ltd                                           COM           806857108                 367               6,100
School Specialty Inc                                       COM           807863105                 509              26,000
Schultz Sav-o Stores Inc                                   COM           808196109                 319              19,500
Charles Schwab Corp (The)                                  COM           808513105                 264               2,750
Scor Sponsored ADR                                         COM           80917Q106                 697              13,700
E.W.Scripps Co Cl A                                        COM           811054204              47,414           1,071,500
Seacoast Financial Services Corp                           COM           81170Q106                 126              12,800
Seagram Co Ltd                                             COM           811850106                 373               7,465
Sears, Roebuck and Co                                      COM           812387108                 952              21,059
Security Dynamics Technologies Inc                         COM           814208104               1,397              75,000
                                                                                       ----------------
                                                       Column Total                            498,800
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Royal Dutch Petroleum Co                                                  X                                          02 05 07
Ruddick Corp                                                              X                                             09
SBC Communications Inc                                                    X                                          02 07 12
SCI Systems Inc                                                           X                                             09
SCPIE Holdings Inc                                                        X                                             02
SLM Holding Corp                                                          X                                             13
SM&A Corp                                                                 X                                             09
S&P 500 Depository Receipt                                                X                                            02 05
SPSS Inc                                                                  X
SOS Staffing Svcs Inc                                                     X                                             09
Safety Components International Inc                                       X                                             02
Safety-Kleen Corp                                                         X                                             02
Safeway Inc                                                               X                                            02 07
St. John Knits Inc                                                        X                                             09
St. Jude Medical Inc                                                      X
St. Jude Medical Inc                                                      X                                            01 02
SanDisk Corp                                                              X                                             13
Santa Fe Energy Resources Inc                                             X                                             02
Sara Lee Corp                                                             X
Sara Lee Corp                                                             X                                            02 07
Schering-Plough Corp                                                      X
Schering-Plough Corp                                                      X                                          01 02 05
Schlumberger Ltd                                                          X
Schlumberger Ltd                                                          X                                            02 12
School Specialty Inc                                                      X                                             13
Schultz Sav-o Stores Inc                                                  X                                             09
Charles Schwab Corp (The)                                                 X                                          02 05 11
Scor Sponsored ADR                                                        X                                             08
E.W.Scripps Co Cl A                                                       X
Seacoast Financial Services Corp                                          X                                             02
Seagram Co Ltd                                                            X                                            02 07
Sears, Roebuck and Co                                                     X                                       01 02 07 12 13
Security Dynamics Technologies Inc                                        X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Royal Dutch Petroleum Co                                                  13,728
Ruddick Corp                                                              39,700
SBC Communications Inc                                                    20,666
SCI Systems Inc                                                            8,500
SCPIE Holdings Inc                                                        11,000
SLM Holding Corp                                                           9,100
SM&A Corp                                                                 26,600
S&P 500 Depository Receipt                                                 2,960
SPSS Inc                                                                  10,000
SOS Staffing Svcs Inc                                                     22,300
Safety Components International Inc                                       65,000
Safety-Kleen Corp                                                        147,075
Safeway Inc                                                                6,874
St. John Knits Inc                                                        10,200
St. Jude Medical Inc                                                   1,339,100
St. Jude Medical Inc                                                       1,700
SanDisk Corp                                                              13,000
Santa Fe Energy Resources Inc                                             99,800
Sara Lee Corp                                                          3,514,200
Sara Lee Corp                                                              4,780
Schering-Plough Corp                                                   5,722,600
Schering-Plough Corp                                                       8,100
Schlumberger Ltd                                                          16,000
Schlumberger Ltd                                                           6,100
School Specialty Inc                                                      26,000
Schultz Sav-o Stores Inc                                                  19,500
Charles Schwab Corp (The)                                                  2,750
Scor Sponsored ADR                                                        13,700
E.W.Scripps Co Cl A                                                    1,071,500
Seacoast Financial Services Corp                                          12,800
Seagram Co Ltd                                                             7,465
Sears, Roebuck and Co                                                     21,059
Security Dynamics Technologies Inc                                        75,000
</TABLE>



                                  Page 23 of 28
<PAGE>   24


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Security First Tech Corp                                   COM           814279105                 257               3,500
Sensormatic Electronics Corp                               COM           817265101                 615              64,700
Sepracor Inc                                               COM           817315104               2,324              20,700
Sequent Computer Systems Inc                               COM           817338106                 261              28,800
Serologicals Corp                                          COM           817523103                 612              45,150
Service Corp Intl                                          COM           817565104              11,317             794,200
Service Corp Intl                                          COM           817565104                 105               7,351
Sierra Pacific Resources                                   COM           826425100               1,291              36,700
Sigma-Aldrich Corp                                         COM           826552101               4,329             148,000
Sigma-Aldrich Corp                                         COM           826552101                  15                 500
Signet Group PLC                                           COM           82668L872               1,406              61,800
Silicon Valley Group Inc                                   COM           827066101                 165              13,400
Simpson Manufacturing Co                                   COM           829073105                 423              10,500
Smith Internatnl Inc                                       COM           832110100               1,098              27,440
Snap-on Inc                                                COM           833034101                 406              14,000
Software AG Systems Inc                                    COM           834025108                 419              50,000
Southdown Inc                                              COM           841297104                 327               6,100
Spacelabs Medical Inc                                      COM           846247104                 404              24,000
SportsLine USA Inc                                         COM           848934105                 365               8,000
Sprint Corp                                                COM           852061100             100,601           1,025,300
Sprint Corp                                                COM           852061100                 589               6,006
Sprint PCS Group                                           COM           852061506                 465              10,500
Sprint PCS Group                                           COM           852061506                 191               4,308
Staples Inc                                                COM           855030102                 293               8,905
Sterling Bancshares Inc Texas                              COM           858907108                 538              51,825
Sterling Commerce Inc                                      COM           859205106               3,321             108,000
Sterling Commerce Inc                                      COM           859205106                 541              17,600
Stone Energy Corp                                          COM           861642106                 720              22,500
Storage Technology Corp                                    COM           862111200                 718              25,750
Strayer Education                                          COM           863236105                 692              18,700
Summit Bancorp                                             COM           866005101                 382               9,794
Sun Microsystems Inc                                       COM           866810104                 661               5,288
Suncor Energy Inc                                          COM           867229106                 285               8,500
                                                                                       ----------------
                                                       Column Total                            136,134
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Security First Tech Corp                                                 X                                             13
Sensormatic Electronics Corp                                             X                                             02
Sepracor Inc                                                             X                                            13 14
Sequent Computer Systems Inc                                             X                                             02
Serologicals Corp                                                        X                                             14
Service Corp Intl                                                        X
Service Corp Intl                                                        X                                            02 07
Sierra Pacific Resources                                                 X                                            02 09
Sigma-Aldrich Corp                                                       X
Sigma-Aldrich Corp                                                       X                                             02
Signet Group PLC                                                         X                                             08
Silicon Valley Group Inc                                                 X                                             02
Simpson Manufacturing Co                                                 X                                             09
Smith Internatnl Inc                                                     X                                          07 09 13
Snap-on Inc                                                              X                                             02
Software AG Systems Inc                                                  X                                             02
Southdown Inc                                                            X                                            01 13
Spacelabs Medical Inc                                                    X                                             02
SportsLine USA Inc                                                       X                                             13
Sprint Corp                                                              X
Sprint Corp                                                              X                                         02 03 05 07
Sprint PCS Group                                                         X
Sprint PCS Group                                                         X                                         02 03 05 07
Staples Inc                                                              X                                         02 04 05 13
Sterling Bancshares Inc Texas                                            X                                             09
Sterling Commerce Inc                                                    X
Sterling Commerce Inc                                                    X                                             14
Stone Energy Corp                                                        X                                            06 14
Storage Technology Corp                                                  X                                          03 10 13
Strayer Education                                                        X                                             14
Summit Bancorp                                                           X                                          02 07 13
Sun Microsystems Inc                                                     X                                         02 03 05 07
Suncor Energy Inc                                                        X                                             12
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Security First Tech Corp                                                   3,500
Sensormatic Electronics Corp                                              64,700
Sepracor Inc                                                              20,700
Sequent Computer Systems Inc                                              28,800
Serologicals Corp                                                         45,150
Service Corp Intl                                                        794,200
Service Corp Intl                                                          7,351
Sierra Pacific Resources                                                  36,700
Sigma-Aldrich Corp                                                       148,000
Sigma-Aldrich Corp                                                           500
Signet Group PLC                                                          61,800
Silicon Valley Group Inc                                                  13,400
Simpson Manufacturing Co                                                  10,500
Smith Internatnl Inc                                                      27,440
Snap-on Inc                                                               14,000
Software AG Systems Inc                                                   50,000
Southdown Inc                                                              6,100
Spacelabs Medical Inc                                                     24,000
SportsLine USA Inc                                                         8,000
Sprint Corp                                                            1,025,300
Sprint Corp                                                                6,006
Sprint PCS Group                                                          10,500
Sprint PCS Group                                                           4,308
Staples Inc                                                                8,905
Sterling Bancshares Inc Texas                                             51,825
Sterling Commerce Inc                                                    108,000
Sterling Commerce Inc                                                     17,600
Stone Energy Corp                                                         22,500
Storage Technology Corp                                                   25,750
Strayer Education                                                         18,700
Summit Bancorp                                                             9,794
Sun Microsystems Inc                                                       5,288
Suncor Energy Inc                                                          8,500
</TABLE>




                                  Page 24 of 28
<PAGE>   25


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Sungard Data System                                        COM           867363103              52,892           1,322,300
Sunrise Assisted Living Inc                                COM           86768K106                 879              19,300
Sunterra Corp                                              COM           86787D109                 427              43,800
Swift Transportation Company Inc                           COM           870756103                 634              24,500
Sybase Inc                                                 COM           871130100                 729              91,800
Sykes Enterprises Inc                                      COM           871237103                 969              30,000
Symantec Corp                                              COM           871503108                 279              16,500
Sysco Corp                                                 COM           871829107              39,100           1,486,000
Sysco Corp                                                 COM           871829107                  42               1,600
TNP Enterprises Inc                                        COM           872594106                 420              14,600
TSI International Software Ltd                             COM           872879101               1,328              27,200
TMP Worldwide Inc                                          COM           872941109               1,355              20,900
Tech Data Corp                                             COM           878237106                 417              18,200
Techne Corp                                                COM           878377100               1,271              44,000
Technology Solutions Co                                    COM           87872T108                 178              25,000
Tellabs Inc                                                COM           879664100                 283               2,900
Temple Inland Inc                                          COM           879868107                 229               3,656
Tetra Tech Inc                                             COM           88162G103               1,053              50,000
Texaco Inc                                                 COM           881694103              59,871           1,055,000
Texaco Inc                                                 COM           881694103                 155               2,730
Texas Instruments Inc                                      COM           882508104                 393               3,960
Texas Regl Bancshares Cl A                                 COM           882673106                 486              18,000
Textron Inc                                                COM           883203101                 240               3,100
Tiffany & Co                                               COM           886547108             111,116           1,486,500
Tiffany & Co                                               COM           886547108                  69                 930
Timberland Co. (The)                                       COM           887100105                 378               6,000
Time Warner Inc                                            COM           887315109                 497               7,000
Titan Exploration Inc                                      COM           888289105                  51              10,200
Toro Co. The                                               COM           891092108                 345              11,000
Total Renal Care Holdings Inc                              COM           89151A107                 708              64,350
Transaction System Architects Cl A                         COM           893416107               1,022              28,400
Transkaryotic Therapies Inc                                COM           893735100                 318              10,000
TranSwitch Corp                                            COM           894065101               1,996              44,100
                                                                                       ----------------
                                                       Column Total                            280,131
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Sungard Data System                                                      X
Sunrise Assisted Living Inc                                              X                                            13 14
Sunterra Corp                                                            X                                             14
Swift Transportation Company Inc                                         X                                             14
Sybase Inc                                                               X                                             02
Sykes Enterprises Inc                                                    X                                             13
Symantec Corp                                                            X                                             02
Sysco Corp                                                               X
Sysco Corp                                                               X                                             02
TNP Enterprises Inc                                                      X                                             09
TSI International Software Ltd                                           X                                             13
TMP Worldwide Inc                                                        X                                             13
Tech Data Corp                                                           X                                             02
Techne Corp                                                              X                                             13
Technology Solutions Co                                                  X                                             02
Tellabs Inc                                                              X                                          02 03 05
Temple Inland Inc                                                        X                                            02 07
Tetra Tech Inc                                                           X                                             02
Texaco Inc                                                               X
Texaco Inc                                                               X                                            02 07
Texas Instruments Inc                                                    X                                          02 05 07
Texas Regl Bancshares Cl A                                               X                                             09
Textron Inc                                                              X                                            02 03
Tiffany & Co                                                             X
Tiffany & Co                                                             X                                            07 10
Timberland Co. (The)                                                     X                                             13
Time Warner Inc                                                          X                                            02 07
Titan Exploration Inc                                                    X                                             02
Toro Co. The                                                             X                                             02
Total Renal Care Holdings Inc                                            X                                             02
Transaction System Architects Cl A                                       X                                             14
Transkaryotic Therapies Inc                                              X                                             13
TranSwitch Corp                                                          X                                          02 06 13
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Sungard Data System                                                    1,322,300
Sunrise Assisted Living Inc                                               19,300
Sunterra Corp                                                             43,800
Swift Transportation Company Inc                                          24,500
Sybase Inc                                                                91,800
Sykes Enterprises Inc                                                     30,000
Symantec Corp                                                             16,500
Sysco Corp                                                             1,486,000
Sysco Corp                                                                 1,600
TNP Enterprises Inc                                                       14,600
TSI International Software Ltd                                            27,200
TMP Worldwide Inc                                                         20,900
Tech Data Corp                                                            18,200
Techne Corp                                                               44,000
Technology Solutions Co                                                   25,000
Tellabs Inc                                                                2,900
Temple Inland Inc                                                          3,656
Tetra Tech Inc                                                            50,000
Texaco Inc                                                             1,055,000
Texaco Inc                                                                 2,730
Texas Instruments Inc                                                      3,960
Texas Regl Bancshares Cl A                                                18,000
Textron Inc                                                                3,100
Tiffany & Co                                                           1,486,500
Tiffany & Co                                                                 930
Timberland Co. (The)                                                       6,000
Time Warner Inc                                                            7,000
Titan Exploration Inc                                                     10,200
Toro Co. The                                                              11,000
Total Renal Care Holdings Inc                                             64,350
Transaction System Architects Cl A                                        28,400
Transkaryotic Therapies Inc                                               10,000
TranSwitch Corp                                                           44,100
</TABLE>



                                  Page 25 of 28
<PAGE>   26


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Trenwick Group Inc                                         COM           895290104                 773              27,500
Trigon Healthcare Inc                                      COM           89618L100                 921              26,900
Trinity Indstrs Inc                                        COM           896522109              29,569           1,006,600
TriStar Aerospace Co                                       COM           89674L101                 933             102,300
Triumph Group                                              COM           896818101                 693              29,500
True North Communications Inc                              COM           897844106               2,098              74,600
Tuboscope Vetco International Corp                         COM           898600101                 144              16,000
Tweeter Home Entertainment Group                           COM           901167106               1,322              41,000
Twinlab Corp                                               COM           901774109                 291              31,000
Tyco International Ltd                                     COM           902124106                 424               5,913
Ucar International Inc                                     COM           90262K109                 332              23,500
U.S. Home & Garden                                         COM           902939107                 338              75,000
USEC Inc                                                   COM           90333E108                 552              40,500
UTI Energy Corp                                            COM           903387108                 201              18,900
Unilever N.V.                                              COM           904784501                 272               4,099
Union Pacific Corp                                         COM           907818108                 680              12,728
Uniphase Corp                                              COM           909149106               1,466              12,730
Unisource Worldwide Inc                                    COM           909208100                 473              66,400
United Illuminating Co                                     COM           910637107                 839              20,000
United Stationers Inc                                      COM           913004107                 756              49,600
Universal Health Services Cl B                             COM           913903100               1,375              31,800
USWeb Corp                                                 COM           917327108               1,733              42,000
VWR Scientific Products Inc                                COM           918435108                 763              33,900
Varco International Inc                                    COM           922126107               1,057              95,000
Varian Associates Inc                                      COM           922204102                 302               7,800
Ventas Inc                                                 COM           92276F100                  89              14,900
Venator Group Inc                                          COM           922944103                 671              95,000
Veritas Software Corp                                      COM           923436109                 242               3,000
Verity Inc                                                 COM           92343C106                 838              25,000
Verisign Inc                                               COM           92343E102                 231               1,500
VerticalNet Inc                                            COM           92532L107               1,839              17,700
Viatel Inc                                                 COM           925529208                 684              24,000
Vishay Intertechnology Inc                                 COM           928298108                 788              54,100
                                                                                       ----------------
                                                       Column Total                             53,690
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Trenwick Group Inc                                                       X                                             02
Trigon Healthcare Inc                                                    X                                            05 09
Trinity Indstrs Inc                                                      X
TriStar Aerospace Co                                                     X                                            02 14
Triumph Group                                                            X                                             02
True North Communications Inc                                            X                                          02 06 13
Tuboscope Vetco International Corp                                       X                                             09
Tweeter Home Entertainment Group                                         X                                             13
Twinlab Corp                                                             X                                             02
Tyco International Ltd                                                   X                                          02 05 07
Ucar International Inc                                                   X                                             13
U.S. Home & Garden                                                       X                                             14
USEC Inc                                                                 X                                            03 12
UTI Energy Corp                                                          X                                             09
Unilever N.V.                                                            X                                          02 05 07
Union Pacific Corp                                                       X                                          02 07 12
Uniphase Corp                                                            X                                          10 13 14
Unisource Worldwide Inc                                                  X                                             02
United Illuminating Co                                                   X                                             02
United Stationers Inc                                                    X                                            06 09
Universal Health Services Cl B                                           X                                            09 11
USWeb Corp                                                               X                                             13
VWR Scientific Products Inc                                              X                                             14
Varco International Inc                                                  X                                             02
Varian Associates Inc                                                    X                                             02
Ventas Inc                                                               X                                            01 04
Venator Group Inc                                                        X                                             02
Veritas Software Corp                                                    X                                            10 13
Verity Inc                                                               X                                             13
Verisign Inc                                                             X                                             13
VerticalNet Inc                                                          X                                            13 14
Viatel Inc                                                               X                                             13
Vishay Intertechnology Inc                                               X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Trenwick Group Inc                                                        27,500
Trigon Healthcare Inc                                                     26,900
Trinity Indstrs Inc                                                    1,006,600
TriStar Aerospace Co                                                     102,300
Triumph Group                                                             29,500
True North Communications Inc                                             74,600
Tuboscope Vetco International Corp                                        16,000
Tweeter Home Entertainment Group                                          41,000
Twinlab Corp                                                              31,000
Tyco International Ltd                                                     5,913
Ucar International Inc                                                    23,500
U.S. Home & Garden                                                        75,000
USEC Inc                                                                  40,500
UTI Energy Corp                                                           18,900
Unilever N.V.                                                              4,099
Union Pacific Corp                                                        12,728
Uniphase Corp                                                             12,730
Unisource Worldwide Inc                                                   66,400
United Illuminating Co                                                    20,000
United Stationers Inc                                                     49,600
Universal Health Services Cl B                                            31,800
USWeb Corp                                                                42,000
VWR Scientific Products Inc                                               33,900
Varco International Inc                                                   95,000
Varian Associates Inc                                                      7,800
Ventas Inc                                                                14,900
Venator Group Inc                                                         95,000
Veritas Software Corp                                                      3,000
Verity Inc                                                                25,000
Verisign Inc                                                               1,500
VerticalNet Inc                                                           17,700
Viatel Inc                                                                24,000
Vishay Intertechnology Inc                                                54,100
</TABLE>




                                  Page 26 of 28
<PAGE>   27


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Vistana Inc                                                COM           92839P108                 784              56,000
Vitesse Semiconductor Corp                                 COM           928497106                 962              19,000
Vulcan Materials Co                                        COM           929160109              53,065           1,284,600
Vulcan Materials Co                                        COM           929160109                 248               6,000
Wicor Inc                                                  COM           929253102                 324              16,000
Wabash National Corp                                       COM           929566107                 486              41,800
Wal-Mart Stores Inc                                        COM           931142103              47,707             517,500
Wal-Mart Stores Inc                                        COM           931142103               1,350              14,647
Wallace Computer Services Inc                              COM           932270101                 670              33,800
Wang Laboratories Inc                                      COM           93369N109               1,233              62,831
Warner-Lambert Co                                          COM           934488107             335,599           5,069,700
Warner-Lambert Co                                          COM           934488107                 612               9,251
Washington Gas Light Co                                    COM           938837101                 595              26,300
Washington Mutual Inc                                      COM           939322103                 272               6,666
Washington Post Cl B                                       COM           939640108              26,597              51,000
Washington Post Cl B                                       COM           939640108                   6                  12
Waste Management Inc                                       COM           94106L109              24,129             543,750
Waste Management Inc                                       COM           94106L109                 405               9,127
Webster Financial Corp                                     COM           947890109               2,642              91,500
WebTrends Corp                                             COM           94844D104                 681              14,000
Wells Fargo Co (New)                                       COM           949746101             136,870           3,902,000
Wells Fargo Co (New)                                       COM           949746101                 949              27,056
West Pharmaceutical Services Inc                           COM           955306105                 388              12,200
Western Digital Corp                                       COM           958102105                  96              12,100
Weyerhaeuser Co                                            COM           962166104                 339               6,100
Whitehall Jewellers Inc                                    COM           965063100               1,076              70,000
Whitman Corp                                               COM           96647K102                 206              12,000
Whole Foods Market Inc                                     COM           966837106                 578              16,800
Willbros Group Inc                                         COM           969199108                 139              26,800
The Williams Companies Inc                                 COM           969457100              83,148           2,105,000
The Williams Companies Inc                                 COM           969457100                 395              10,000
Wilmar Industries                                          COM           971426101                 542              36,600
Wolverine Tube Inc                                         COM           978093102                 232              11,000
                                                                                       ----------------
                                                       Column Total                            723,325
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Vistana Inc                                                              X                                             14
Vitesse Semiconductor Corp                                               X                                            13 14
Vulcan Materials Co                                                      X
Vulcan Materials Co                                                      X                                             12
Wicor Inc                                                                X                                             09
Wabash National Corp                                                     X                                             02
Wal-Mart Stores Inc                                                      X
Wal-Mart Stores Inc                                                      X                                          02 05 07
Wallace Computer Services Inc                                            X                                             09
Wang Laboratories Inc                                                    X                                             02
Warner-Lambert Co                                                        X
Warner-Lambert Co                                                        X                                         02 03 05 07
Washington Gas Light Co                                                  X                                             09
Washington Mutual Inc                                                    X                                            02 07
Washington Post Cl B                                                     X
Washington Post Cl B                                                     X                                             07
Waste Management Inc                                                     X
Waste Management Inc                                                     X                                            02 07
Webster Financial Corp                                                   X                                            02 09
WebTrends Corp                                                           X                                             13
Wells Fargo Co (New)                                                     X
Wells Fargo Co (New)                                                     X                                       01 02 05 07 13
West Pharmaceutical Services Inc                                         X                                             02
Western Digital Corp                                                     X                                             03
Weyerhaeuser Co                                                          X                                          02 05 12
Whitehall Jewellers Inc                                                  X                                             02
Whitman Corp                                                             X
Whole Foods Market Inc                                                   X                                             09
Willbros Group Inc                                                       X                                             09
The Williams Companies Inc                                               X
The Williams Companies Inc                                               X                                            02 12
Wilmar Industries                                                        X                                             14
Wolverine Tube Inc                                                       X                                             02
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Vistana Inc                                                               56,000
Vitesse Semiconductor Corp                                                19,000
Vulcan Materials Co                                                    1,284,600
Vulcan Materials Co                                                        6,000
Wicor Inc                                                                 16,000
Wabash National Corp                                                      41,800
Wal-Mart Stores Inc                                                      517,500
Wal-Mart Stores Inc                                                       14,647
Wallace Computer Services Inc                                             33,800
Wang Laboratories Inc                                                     62,831
Warner-Lambert Co                                                      5,069,700
Warner-Lambert Co                                                          9,251
Washington Gas Light Co                                                   26,300
Washington Mutual Inc                                                      6,666
Washington Post Cl B                                                      51,000
Washington Post Cl B                                                          12
Waste Management Inc                                                     543,750
Waste Management Inc                                                       9,127
Webster Financial Corp                                                    91,500
WebTrends Corp                                                            14,000
Wells Fargo Co (New)                                                   3,902,000
Wells Fargo Co (New)                                                      27,056
West Pharmaceutical Services Inc                                          12,200
Western Digital Corp                                                      12,100
Weyerhaeuser Co                                                            6,100
Whitehall Jewellers Inc                                                   70,000
Whitman Corp                                                              12,000
Whole Foods Market Inc                                                    16,800
Willbros Group Inc                                                        26,800
The Williams Companies Inc                                             2,105,000
The Williams Companies Inc                                                10,000
Wilmar Industries                                                         36,600
Wolverine Tube Inc                                                        11,000
</TABLE>




                                  Page 27 of 28
<PAGE>   28


FORM 13F                                                          MARCH 31, 1999

         NAME OF REPORTING MANAGER: NATIONWIDE ADVISORY SERVICES, INC.

<TABLE>
<CAPTION>
==================================================================================================================================
                                                                                              Item 4:             Item 5:
                      Item 1:                            Item 2:          Item 3:            Fair Mkt            Shares of
                   Name of Issuer                         Title            Cusip               Value             Principal
                                                         of Class          Number            (X$1,000)             Amount
==================================================================================================================================
<S>                                                      <C>             <C>                <C>                  <C>
Wolverine World Wide Inc                                   COM           978097103                 273              28,700
Woodhead Indstrs Inc                                       COM           979438108               3,546             366,000
Xilinx Inc                                                 COM           983919101                 238               5,874
Xerox Corp                                                 COM           984121103               1,084              20,300
Xomed Surgical Products Inc                                COM           98412V107               1,546              39,400
Yellow Corp                                                COM           985509108                 784              45,100
Zebra Technologies Corp Cl A                               COM           989207105               8,574             361,000
Zebra Technologies Corp Cl A                               COM           989207105                 796              33,510
Diamler Chrysler AG                                        COM           D1668R123                 551               6,418
Annuity and Life Re (Holdings) Ltd                         COM           G03910109               1,997              87,300
Central European Media Enterprises Ltd                     COM           G20045103                 366              28,400
Helen of Troy Ltd                                          COM           G4388N106                 938              72,500
PartnerRe Ltd                                              COM           G6852T105                 348               8,600
Renaissance Insurance                                      COM           G7496G103               1,467              42,000
Santa Fe International Corp                                COM           G7805C108                 372              19,900
Terra Nova (Bermuda) Holdings Ltd                          COM           G87615103                 930              42,500
ESC Medical Systems Ltd                                    COM           M40868107                 336              48,900
Galileo Technology Ltd                                     COM           M47298100                 424              14,500
Gilat Satellite Networks                                   COM           M51474100               1,170              19,500
New Dimension Software Ltd                                 COM           M74295102                 830              16,000
Chicago Bridge & Iron Co N.V.                              COM           N19808109                 241              20,300
Sun International Hotels Ltd                               COM           P8797T133                 822              25,000
Flextronics Intl Ltd                                       COM           Y2573F102               1,336              26,200
                                                                                       ----------------
                                                       Column Total                             28,968
                                                                                       ----------------
                                                       Grand Total                           7,616,863
                                                                                       ================
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                                       Item 6:
                                                                Investment Discretion                               Item 7:
                      Item 1:                    -----------------------------------------------------             Managers
                   Name of Issuer                (a) Sole           (b) Shared-As         (c) Shared -           See Instr. V
                                                                 Defined in Instr. V          Other
====================================================================================================================================
<S>                                              <C>            <C>                       <C>                    <C>
Wolverine World Wide Inc                                                 X                                             02
Woodhead Indstrs Inc                                                     X
Xilinx Inc                                                               X                                          07 10 13
Xerox Corp                                                               X                                       01 02 03 05 12
Xomed Surgical Products Inc                                              X                                             13
Yellow Corp                                                              X                                             02
Zebra Technologies Corp Cl A                                             X
Zebra Technologies Corp Cl A                                             X                                             09
Diamler Chrysler AG                                                      X                                          05 12 13
Annuity and Life Re (Holdings) Ltd                                       X                                            02 09
Central European Media Enterprises Ltd                                   X                                             14
Helen of Troy Ltd                                                        X                                             02
PartnerRe Ltd                                                            X                                             13
Renaissance Insurance                                                    X                                             02
Santa Fe International Corp                                              X                                             02
Terra Nova (Bermuda) Holdings Ltd                                        X                                             02
ESC Medical Systems Ltd                                                  X                                             02
Galileo Technology Ltd                                                   X                                             13
Gilat Satellite Networks                                                 X                                             14
New Dimension Software Ltd                                               X                                             13
Chicago Bridge & Iron Co N.V.                                            X                                             02
Sun International Hotels Ltd                                             X                                             02
Flextronics Intl Ltd                                                     X                                            13 14
</TABLE>


<TABLE>
<CAPTION>
==================================================================================================
                                                                         Item 8:
                      Item 1:                                        Voting Authority
                   Name of Issuer                        -----------------------------------------
                                                         (a) Sole     (b) Shared         (c) None
==================================================================================================
<S>                                                      <C>          <C>                <C>
Wolverine World Wide Inc                                                  28,700
Woodhead Indstrs Inc                                                     366,000
Xilinx Inc                                                                 5,874
Xerox Corp                                                                20,300
Xomed Surgical Products Inc                                               39,400
Yellow Corp                                                               45,100
Zebra Technologies Corp Cl A                                             361,000
Zebra Technologies Corp Cl A                                              33,510
Diamler Chrysler AG                                                        6,418
Annuity and Life Re (Holdings) Ltd                                        87,300
Central European Media Enterprises Ltd                                    28,400
Helen of Troy Ltd                                                         72,500
PartnerRe Ltd                                                              8,600
Renaissance Insurance                                                     42,000
Santa Fe International Corp                                               19,900
Terra Nova (Bermuda) Holdings Ltd                                         42,500
ESC Medical Systems Ltd                                                   48,900
Galileo Technology Ltd                                                    14,500
Gilat Satellite Networks                                                  19,500
New Dimension Software Ltd                                                16,000
Chicago Bridge & Iron Co N.V.                                             20,300
Sun International Hotels Ltd                                              25,000
Flextronics Intl Ltd                                                      26,200
</TABLE>




                                 Page 28 of 28


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