UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Becker Capital Management, Inc.
Address: 1211 SW Fifth Avenue
Suite 2185
Portland, OR 97204
13F File Number: 80-111781
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Janeen S. McAninch
Title: President
Phone: 503-223-1720
Signature, Place and Date of Signing:
Janeen S. McAninch Portland, Oregon April 23, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 293
Form 13F Information Table Value Total: $1,451,526
List of Other Included Managers:
None
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
CLASS (X$1000) PRINCIPAL PRN CALL DISRETION MANAGERS
AMOUNT SOLE SHARED NONE
AGCO CORP COMMON 00108410 7161 1091200 SH SOLE 1091200
AMR CORP COMMON 00176510 10556 180252 SH SOLE 180252
AT PLASTICS INC COMMON 00194710 4792 967384 SH SOLE 967384
AT & T CORP COMMON 00195710 1852 23200 SH SOLE 23200
ABBOTT LABS COMMON 00282410 2569 54870 SH SOLE 54870
ADAC LABS COMMON 00531320 10843 795800 SH SOLE 795800
AIR PRODS & CHEMS COMMON 00915810 453 13230 SH SOLE 13230
AIRBORNE FGHT CORP COMMON 00926610 329 10600 SH SOLE 10600
AIRTOUCH COMMUNUNIC COMMON 00949T10 361 3741 SH SOLE 3741
ALCOA INC COMMON 01381710 528 12809 SH SOLE 12809
ALLEGHENY TELEDYNE COMMON 01741510 2314 122200 SH SOLE 122200
ALLSTATE CORP COMMON 02000210 13522 364836 SH SOLE 364836
ALTERNATIVE RESOURCE COMMON 02145R10 4251 666800 SH SOLE 666800
AMERICAN CAPITAL ST COMMON 02493710 430 25100 SH SOLE 25100
AMERICAN ELEC PWR IN COMMON 02553710 202 5100 SH SOLE 5100
AMERICAN EXPRESS CO COMMON 02581610 294 2500 SH SOLE 2500
AMERICAN GENERAL CO COMMON 02635110 873 12389 SH SOLE 12389
AMERICAN GREETINGS COMMON 02637510 18051 711375 SH SOLE 711375
AMERICAN HOME PRODS COMMON 02660910 2209 33856 SH SOLE 33856
AMERICAN INTL GROUP COMMON 02687410 484 4010 SH SOLE 4010
AMERICAN STORES CO COMMON 03009610 634 19200 SH SOLE 19200
AMERUS LIFE HOLDINGS COMMON 03073210 232 9648 SH SOLE 9648
AMETEK INC COMMON 03110010 7969 436684 SH SOLE 436684
AMGEN COMMON 03116210 591 7896 SH SOLE 7896
AMP INC COMMON 03189710 289 5400 SH SOLE 5400
AMPAL AMERN ISRAEL COMMON 03201510 60 14700 SH SOLE 14700
ANDREW CORP COMMON 03442510 8499 690300 SH SOLE 690300
ANHEUSER BUSCH COS COMMON 03522910 639 8400 SH SOLE 8400
APPLE COMPUTER INC COMMON 03783310 259 7200 SH SOLE 7200
ARCHER DANIELS MIDLA COMMON 03948310 9023 614298 SH SOLE 614298
ARROW ELECTRS INC COMMON 04273510 11318 754525 SH SOLE 754525
ASHWORTH INC COMMON 04516H10 930 265600 SH SOLE 265600
ATLANTIC RICHFIELD COMMON 04882510 15360 210055 SH SOLE 210055
AVNET INC COMMON 05380710 533 14500 SH SOLE 14500
BJS WHOLESALE CLUB I COMMON 05548J10 9237 351066 SH SOLE 351066
BMC INDS INC MINN COMMON 05560710 5046 1137100 SH SOLE 1137100
BP AMOCO PLC COMMON 05562210 754 7461 SH SOLE 7461
BANDAG INC COMMON 05981510 1155 40600 SH SOLE 40600
BANK NEW YORK INC COMMON 06405710 611 17000 SH SOLE 17000
BANK ONE CORP COMMON 06423A10 281 5096 SH SOLE 5096
BANKAMERICA CORP COMMON 06605F10 695 9847 SH SOLE 9847
BARD C R INC COMMON 06738310 454 9000 SH SOLE 9000
BAYARD DRILLING TECH COMMON 07270010 2235 357600 SH SOLE 357600
BELCO OIL & GAS CORP COMMON 07741010 2148 361800 SH SOLE 361800
BILLING CONCEPTS COR COMMON 09006310 5739 483300 SH SOLE 483300
BOWATER INC COMMON 10218310 1203 30350 SH SOLE 30350
BREED TECHNOLOGIES I COMMON 10670210 3898 1094150 SH SOLE 1094150
BRISTOL MYERS SQUIBB COMMON 11012210 2725 42500 SH SOLE 42500
BRITISH STL PLC COMMON 11101530 1116 55300 SH SOLE 55300
BROOKDALE LIVING CMN COMMON 11246210 10903 632050 SH SOLE 632050
BROWN GROUP INC COMMON 11565710 12874 976250 SH SOLE 976250
BUILDING MATERIAL HO COMMON 12011310 9392 927632 SH SOLE 927632
CFI PROSERVICES INC COMMON 12525N10 5108 421300 SH SOLE 421300
CSX CORP COMMON 12640810 265 6800 SH SOLE 6800
CABLETRON SYS INC COMMON 12692010 12366 1510375 SH SOLE 1510375
CALLAWAY GOLF CO COMMON 13119310 14865 1459125 SH SOLE 1459125
CAPITAL AUTO REIT COMMON 13973310 766 61600 SH SOLE 61600
CARAUSTAR INDS INC COMMON 14090910 12352 537050 SH SOLE 537050
CAROLINA PWR & LT CO COMMON 14414110 227 6000 SH SOLE 6000
CASCADE NAT GAS CORP COMMON 14733910 9274 620864 SH SOLE 620864
CATERPILLAR INC COMMON 14912310 7430 161750 SH SOLE 161750
CHASE MANHATTAN CORP COMMON 16161A10 391 4800 SH SOLE 4800
CHESAPEAKE ENERGY CO COMMON 16516710 964 701392 SH SOLE 701392
CHEVRON CORP COMMON 16675110 528 5948 SH SOLE 948
CITIGROUP INC COMMON 17296710 458 7175 SH SOLE 7175
CLAYTON HOMES INC COMMON 18419010 14840 1341450 SH SOLE 1341450
CLEVELAND CLIFFS INC COMMON 18589610 283 8300 SH SOLE 8300
COCA COLA CO COMMON 19121610 430 7000 SH SOLE 7000
COLUMBIA/HCA HEALTHC COMMON 19767710 13971 737740 SH SOLE 737740
COMDISCO INC COMMON 20033610 18326 1025245 SH SOLE 1025245
COMMERCIAL NET LEASE COMMON 20221810 2785 248915 SH SOLE 248915
COMPAQ COMPUTER CORP COMMON 20449310 346 10929 SH SOLE 10929
COMSTOCK RES INC COMMON 20576820 3965 1294700 SH SOLE 1294700
CROSSMANN CMNTYS INC COMMON 22764E10 971 48700 SH SOLE 48700
CROWN CORK & SEAL IN COMMON 22825510 464 16250 SH SOLE 16250
CUMMINS ENGINE INC COMMON 23102110 260 7300 SH SOLE 7300
DANA CORP COMMON 23581110 448 11800 SH SOLE 11800
DEAN FOODS CO COMMON 24236110 3826 107400 SH SOLE 107400
DEERE & CO COMMON 24419910 9281 240275 SH SOLE 240275
DELTA AIR LINES DEL COMMON 24736110 8485 122086 SH SOLE 122086
DILLARD'S INC COMMON 25406710 2850 112300 SH SOLE 112300
DISNEY WALT PRODTNS COMMON 25468710 261 8400 SH SOLE 8400
DOLE FOOD COMPANY COMMON 25660510 25367 845580 SH SOLE 845580
DONNELLEY R R & SONS COMMON 25786710 1288 40000 SH SOLE 40000
DORAL FINANCIAL CORP COMMON 25811P10 5823 316909 SH SOLE 316909
DOW CHEM CO COMMON 26054310 764 8197 SH SOLE 8197
DU PONT E I DE NEMOU COMMON 26353410 505 8700 SH SOLE 8700
EEX CORPORATION COMMON 26842V20 6051 1241204 SH SOLE 1241204
EASTMAN KODAK CO COMMON 27746110 220 3450 SH SOLE 3450
EATON CORP COMMON 27805810 16909 236495 SH SOLE 236495
ELCOR CORP COMMON 28444310 419 11900 SH SOLE 11900
EMERSON ELEC CO COMMON 29101110 307 5800 SH SOLE 5800
ENRON CORP COMMON 29356110 358 5578 SH SOLE 5578
ENRON OIL & GAS CO COMMON 29356210 20156 1212400 SH SOLE 1212400
ESTERLINE TECHNOLOGI COMMON 29742510 10518 813000 SH SOLE 813000
ETHYL CORP COMMON 29765910 46 10775 SH SOLE 10775
EXXON CORP COMMON 30229010 600 8500 SH SOLE 8500
FLIR SYS INC COMMON 30244510 6130 338220 SH SOLE 338220
FDX CORPORATION COMMON 31304N10 372 4000 SH SOLE 4000
FEDERAL HOME LOAN COMMON 31340030 355 6200 SH SOLE 6200
FEDERAL NATL MTG ASN COMMON 31358610 13777 198942 SH SOLE 198942
FEDERATED INVESTORS COMMON 31421110 209 11500 SH SOLE 11500
FINLAY ENTERPRISES I COMMON 31788420 7431 687300 SH SOLE 687300
FIRST SIERRA FIN INC COMMON 33594410 6234 692700 SH SOLE 692700
FLANDERS CORP COMMON 33849410 4408 1720200 SH SOLE 1720200
FLOWSERVE CORPORATIO COMMON 34354P10 11975 769497 SH SOLE 769497
FORCENERGY INC. COMMON 34520610 206 300100 SH SOLE 300100
FORD MTR CO DEL COMMON 34537010 12136 214094 SH SOLE 214094
FRIEDMAN BILLINGS RA COMMON 35843310 441 66000 SH SOLE 66000
FRIEDMANS INC COMMON 35843810 8753 972590 SH SOLE 972590
GATX CORP COMMON 36144810 7395 224510 SH SOLE 224510
GTE CORP COMMON 36232010 1728 28565 SH SOLE 28565
GENENTECH INC COMMON 36871030 235 2650 SH SOLE 2650
GENERAL DYNAMICS COR COMMON 36955010 655 10200 SH SOLE 10200
GENERAL ELEC CO COMMON 36960410 6001 54246 SH SOLE 54246
GENERAL MTRS CORP COMMON 37044210 11086 127431 SH SOLE 127431
GENESIS HEALTH VENTU COMMON 37191210 1275 261500 SH SOLE 261500
GEORGIA PAC CORP COMMON 37329810 545 7341 SH SOLE 7341
GILLETTE COMPANY COMMON 37576610 321 5400 SH SOLE 5400
GOODYEAR TIRE & RUBR COMMON 38255010 15282 306788 SH SOLE 306788
GRADALL INDUSTRIES COMMON 38411P10 8679 667600 SH SOLE 667600
GRIFFON CORP COMMON 39843310 4910 714247 SH SOLE 714247
GUARANTY LIFE COMPAN COMMON 40074010 1996 117414 SH SOLE 117414
GUESS INC COMMON 40161710 585 95500 SH SOLE 95500
GULFSTREAM AEROSPACE COMMON 40273410 12419 286308 SH SOLE 286308
HAGGAR CORP COMMON 40517310 1708 168651 SH SOLE 168651
HALLIBURTON CO COMMON 40621610 18123 470738 SH SOLE 470738
M A HANNA COMMON 41052210 11018 859947 SH SOLE 859947
HARRIS CORP DEL COMMON 41387510 301 10500 SH SOLE 10500
HARSCO CORP COMMON 41586410 2023 80314 SH SOLE 80314
HEINZ H J CO COMMON 42307410 303 6400 SH SOLE 6400
HERITAGE FINL CORP W COMMON 42722X10 1173 139000 SH SOLE 139000
HEWLETT PACKARD CO COMMON 42823610 583 8600 SH SOLE 8600
HOMEBASE INC COMMON 43738E10 75 16850 SH SOLE 16850
HONEYWELL INC COMMON 43850610 835 11020 SH SOLE 11020
HOSPITALITY PPTYS TR COMMON 44106M10 620 22900 SH SOLE 22900
HUBBELL HARVEY 'B' COMMON 44351020 1692 42298 SH SOLE 42298
ICN PHARMACEUTICALS COMMON 44892410 17473 695455 SH SOLE 695455
IBP INC COMMON 44922310 9415 505490 SH SOLE 505490
IHOP CORP COMMON 44962310 9322 237500 SH SOLE 237500
ILLINOIS TOOL WKS IN COMMON 45230810 545 8800 SH SOLE 8800
IMPERIAL CREDIT COMM COMMON 45272T10 481 50000 SH SOLE 50000
INTEL CORP COMMON 45814010 34049 286427 SH SOLE 286427
INTERNATIONAL BUS MA COMMON 45920010 3694 20840 SH SOLE 20840
JDA SOFTWARE GROUP I COMMON 46612K10 1493 200800 SH SOLE 200800
JLG INDS INC COMMON 46621010 792 58100 SH SOLE 58100
JOHNSON & JOHNSON COMMON 47816010 1019 10900 SH SOLE 10900
KEYCORP COMMON 49326710 9726 320874 SH SOLE 320874
KNOLL INTL INC COMMON 49890410 10333 419600 SH SOLE 419600
KONINKLIJKE PHILIPS COMMON 50047210 4490 54465 SH SOLE 54465
LTV CORP NEW COMMON 50192110 96 17900 SH SOLE 17900
LSI LOGIC CORP COMMON 50216110 23408 750550 SH SOLE 750550
LACROSSE FOOTWEAR IN COMMON 50568810 79 12700 SH SOLE 12700
LILLY ELI & CO COMMON 53245710 4994 58836 SH SOLE 58836
LOCKHEED MARTIN CORP COMMON 53983010 13534 358525 SH SOLE 358525
LONE STAR STEAKHOUSE COMMON 54230710 10753 1049109 SH SOLE 1049109
LONG BEACH FINL CORP COMMON 54244610 4705 488800 SH SOLE 488800
LONGVIEW FIBRE CO COMMON 54321310 447 38700 SH SOLE 38700
LUCENT TECHNOLOGIES COMMON 54946310 302 2800 SH SOLE 2800
MACHEEZMO MOUSE REST COMMON 55445710 5 27667 SH SOLE 27667
MACK-CALI REALTY COR COMMON 55448910 15221 518168 SH SOLE 518168
MALLINCKRODT INC COMMON 56123210 21149 794325 SH SOLE 794325
MARSHALL INDS COMMON 57239310 7978 590959 SH SOLE 590959
MASCO CORP COMMON 57459910 237 8400 SH SOLE 8400
MCDONALDS CORP COMMON 58013510 363 8000 SH SOLE 8000
MCGRAW HILL INC COMMON 58064510 349 6400 SH SOLE 6400
MENTOR CORP MINN COMMON 58718810 250 17000 SH SOLE 17000
MERCANTILE BANCORP COMMON 58734210 1099 23128 SH SOLE 23128
MERCK & CO INC COMMON 58933110 2256 28150 SH SOLE 28150
MERIX CORP COMMON 59004910 2641 509015 SH SOLE 509015
MERRILL LYNCH & CO COMMON 59018810 2767 31260 SH SOLE 31260
MEYER FRED INC DEL COMMON 59309810 350 5948 SH SOLE 5948
MICROSOFT CORP COMMON 59491810 6534 72906 SH SOLE 72906
MILLENNIUM CHEMICALS COMMON 59990310 12310 619349 SH SOLE 619349
MINNESOTA MNG & MFG COMMON 60405910 844 11925 SH SOLE 11925
MOBIL CORP COMMON 60705910 1677 19054 SH SOLE 19054
MONSANTO CO COMMON 61166210 662 14400 SH SOLE 14400
MORGAN J P & CO INC COMMON 61688010 555 4500 SH SOLE 4500
MOSAIX INC COMMON 61945410 2792 333412 SH SOLE 333412
MOTOROLA INC COMMON 62007610 226 3085 SH SOLE 3085
MYLEX CORP COMMON 62854610 9972 1534176 SH SOLE 1534176
NS GROUP INC COMMON 62891610 4993 897700 SH SOLE 897700
NORDSTROM INC COMMON 65566410 426 10434 SH SOLE 10434
NORFOLK SOUTHERN COR COMMON 65584410 310 11750 SH SOLE 11750
NORRELL CORP GA COMMON 65630110 8177 626000 SH SOLE 626000
NORTHEAST UTILS COMMON 66439710 167 12000 SH SOLE 12000
NORTHERN BORDER PART COMMON 66478510 257 8400 SH SOLE 8400
NORTHWEST PIPE CO COMMON 66774610 7146 433081 SH SOLE 433081
NOVELL INC COMMON 67000610 7534 299100 SH SOLE 299100
OM GROUP INC COMMON 67087210 8049 243900 SH SOLE 243900
OCCIDENTAL PETE CORP COMMON 67459910 3616 200875 SH SOLE 200875
OCEAN ENERGY INC COMMON 67481220 1931 283500 SH SOLE 283500
OMEGA HEALTHCARE INV COMMON 68193610 466 20300 SH SOLE 20300
OMNIQUIP INTL INC COMMON 68196910 3737 318000 SH SOLE 318000
OREGON STL MLS INC COMMON 68607910 177 17000 SH SOLE 17000
PACIFIC GAS & ELEC COMMON 69331C10 229 7364 SH SOLE 7364
PNC FINANCIAL CORP COMMON 69347510 6781 122050 SH SOLE 122050
PPG INDS INC COMMON 69350610 14491 282760 SH SOLE 282760
PACIFICORP COMMON 69511410 6285 364374 SH SOLE 364374
PARKER HANNIFIN CORP COMMON 70109410 339 9900 SH SOLE 9900
PEPSICO INC COMMON 71344810 298 7600 SH SOLE 7600
PERIPHONICS CORP COMMON 71400510 5477 867600 SH SOLE 867600
PFIZER INC COMMON 71708110 7814 56316 SH SOLE 56316
PHILIP MORRIS INC COMMON 71815410 267 7575 SH SOLE 7575
PHILPS INTER REALTY COMMON 71833310 1135 80000 SH SOLE 80000
PIONEER NAT RES CO COMMON 72378710 422 54405 SH SOLE 54405
PLUM CREEK TIMBER COMMON 72923710 926 32500 SH SOLE 32500
POGO PRODUCING CORP COMMON 73044810 9697 745948 SH SOLE 745948
POPE & TALBOT INC COMMON 73282710 2606 408764 SH SOLE 408764
PRECISION CASTPARTS COMMON 74018910 2952 73350 SH SOLE 73350
PRIME RETAIL INC COMMON 74157010 9838 1124296 SH SOLE 1124296
PROCTER & GAMBLE CO COMMON 74271810 666 6800 SH SOLE 6800
PROTOCOL SYS INC COMMON 74371R10 3395 565800 SH SOLE 565800
PUBLIC SVC CO N MEX COMMON 74449910 11376 669200 SH SOLE 669200
QUANEX CORP COMMON 74762010 4279 276050 SH SOLE 276050
RADISYS CORP COMMON 75045910 12731 409850 SH SOLE 409850
RAGEN MACKENZIE GP COMMON 75064210 163 14000 SH SOLE 14000
RAYCHEM CORP COMMON 75460310 8385 371650 SH SOLE 371650
RAYTHEON CO CLASS B COMMON 75511140 3391 57850 SH SOLE 57850
READ-RITE CORP COMMON 75524610 6053 917980 SH SOLE 917980
REPSOL S A COMMON 76026T20 7049 137550 SH SOLE 137550
REPUBLIC N Y CORP COMMON 76071910 2202 47750 SH SOLE 47750
RIVIANA FOODS INC COMMON 76953610 1582 67700 SH SOLE 67700
ROCKWELL INTL CORP COMMON 77390310 11944 281450 SH SOLE 281450
ROHN INDUSTRIES INC COMMON 77538110 1080 486900 SH SOLE 486900
ROYAL DUTCH PETE CO COMMON 78025780 1393 26796 SH SOLE 26796
SBC COMMUNICATIONS I COMMON 78387G10 496 10508 SH SOLE 10508
SLM HOLDING CORP COMMON 78442A10 10648 255050 SH SOLE 255050
SABRE GROUP HOLDINGS COMMON 78590510 8013 176600 SH SOLE 176600
SAFECO CORP COMMON 78642910 6458 407009 SH SOLE 407009
SCHLUMBERGER LTD COMMON 80685710 993 16500 SH SOLE 16500
SEQUENT COMPUTER SYS COMMON 81733810 5903 651400 SH SOLE 651400
SHAW GROUP INC COMMON 82028010 13238 949800 SH SOLE 949800
SHERWIN WILLIAMS CO COMMON 82434810 11850 421350 SH SOLE 421350
SILICON VY BANCSHARE COMMON 82706410 414 20000 SH SOLE 20000
SNAP ON TOOLS CORP COMMON 83303410 3099 106850 SH SOLE 106850
SOUTHERN MINERAL COR COMMON 84336720 8 15000 SH SOLE 15000
SPECTRIAN CORP COMMON 84760810 7375 627701 SH SOLE 627701
SPIEKER PROPERTIES I COMMON 84849710 1711 48550 SH SOLE 48550
STANDARD REGISTER CO COMMON 85388710 14027 472485 SH SOLE 472485
STEWART&STEVENSON SV COMMON 86034210 6169 802459 SH SOLE 802459
SUNSHINE MNG CO COMMON 86783310 8 16650 SH SOLE 16650
SUNRISE MED INC COMMON 86791010 6364 1018200 SH SOLE 1018200
SYSCO CORP COMMON 87182910 237 9000 SH SOLE 9000
TCF FINANCIAL CORP COMMON 87227510 1611 61801 SH SOLE 61801
TIG HLDGS INC COMMON 87246910 207 12700 SH SOLE 12700
TJ INTERNATIONAL INC COMMON 87253410 915 37922 SH SOLE 37922
TJX COS INC NEW COMMON 87254010 952 28000 SH SOLE 28000
TANDY CORP COMMON 87538210 306 4800 SH SOLE 4800
TEKTRONIX INC COMMON 87913110 29423 1165250 SH SOLE 1165250
TELE COMMUNICATIONS COMMON 87924V10 329 4949 SH SOLE 4949
TELE-COMM LIBERTY ME COMMON 87924V50 275 5230 SH SOLE 5230
TELECOMUNICACOES BRA COMMON 87928730 9082 112650 SH SOLE 112650
TELTREND INC COMMON 87969R10 8525 541300 SH SOLE 541300
TENNECO NEW COMMON 88037E10 12400 443850 SH SOLE 443850
TETRA TECHNOLOGIES I COMMON 88162F10 6412 949900 SH SOLE 949900
TEXACO INC COMMON 88169410 1152 20291 SH SOLE 20291
TEXAS INSTRS INC COMMON 88250810 1112 11200 SH SOLE 11200
TEXTRON INC COMMON 88320310 2214 28613 SH SOLE 28613
TIDEWATER INC COMMON 88642310 5768 222900 SH SOLE 222900
TIMBERLAND BANCORP I COMMON 88709810 2402 207700 SH SOLE 207700
TIME WARNER INC COMMON 88731510 504 7120 SH SOLE 7120
TITAN INTL INC ILL COMMON 88830M10 4024 523500 SH SOLE 523500
TOYS R US COMMON 89233510 12095 642925 SH SOLE 642925
TRANSCANADA PIPELINE COMMON 89352610 504 39351 SH SOLE 39351
US BANCORP DEL COMMON 90297310 3572 104866 SH SOLE 104866
ULTRAK INC COMMON 90389840 6906 1175550 SH SOLE 1175550
ULTRAMAR DIAMOND SHA COMMON 90400010 9757 451180 SH SOLE 451180
UNILEVER N V COMMON 90478450 233 3500 SH SOLE 3500
UNION PAC CORP COMMON 90781810 522 9765 SH SOLE 9765
U S WEST INC COMMON 91273H10 233 4236 SH SOLE 4236
UNITED TECHNOLOGIES COMMON 91301710 352 2600 SH SOLE 2600
V F CORP COMMON 91820410 295 6200 SH SOLE 6200
VRB BANCORP COMMON 91828110 303 41472 SH SOLE 41472
WARNER LAMBERT CO COMMON 93448810 1838 27750 SH SOLE 27750
WASHINGTON FEDERAL I COMMON 93882410 11599 552312 SH SOLE 552312
WASHINGTON MUTUAL IN COMMON 93932210 583 14260 SH SOLE 14260
WELLS FARGO COMPANY COMMON 94974610 1804 51446 SH SOLE 51446
WEST COAST BANCORP N COMMON 95214510 5437 290926 SH SOLE 290926
WESTERFED FINL CORP COMMON 95755010 2905 171804 SH SOLE 171804
WEYERHAEUSER CO COMMON 96216610 13738 247534 SH SOLE 247534
WILLAMETTE INDS INC COMMON 96913310 18852 499383 SH SOLE 499383
WILLBROS GROUP INC COMMON 96919910 4274 823896 SH SOLE 823896
WOLVERINE WORLD WIDE COMMON 97809710 3362 353900 SH SOLE 353900
XEROX CORP COMMON 98412110 17891 343240 SH SOLE 343240
YPF SOCIEDAD ANONIMA COMMON 98424510 19331 612475 SH SOLE 612475
FRESH DEL MONTE PROD COMMON G3673810 3388 182500 SH SOLE 182500
GLOBAL-TECH APPLIANC COMMON G3932010 945 199000 SH SOLE 199000
KNIGHTSBRIDGE TANKER COMMON G5299G10 11370 659134 SH SOLE 659134
SANTE FE INTL CORP COMMON G7805C10 17169 918750 SH SOLE 918750
STOLT-NIELSEN S.A COMMON L8874210 2033 188000 SH SOLE 188000
CHICAGO BRIDGE & IRO COMMON N1980810 10634 895524 SH SOLE 895524
TEE KAY SHIPPING COR COMMON V8956410 2371 143700 SH SOLE 143700
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