UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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 July 27, 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: 285
Form 13F Information Table Value Total: $1,596,541
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
ABBOTT LABS COMMON 00282410 2490 54870 SH SOLE 54870
ADAC LABS COMMON 00531320 10534 1452900 SH SOLE 1452900
AGCO CORP COMMON 00108410 11839 1046500 SH SOLE 1046500
AIR PRODS & CHEMS IN COMMON 00915810 533 13230 SH SOLE 13230
AIRBORNE FGHT CORP COMMON 00926610 293 10600 SH SOLE 10600
ALBERTSONS INC COMMON 01310410 801 15525 SH SOLE 15525
ALCOA INC COMMON 01381710 581 9392 SH SOLE 9392
ALLEGHENY TELEDYNE I COMMON 01741510 6428 284100 SH SOLE 284100
ALLSTATE CORP COMMON 02000210 12387 345276 SH SOLE 345276
ALTERNATIVE RESOURCE COMMON 02145R10 5068 724000 SH SOLE 724000
AMERICAN CAPITAL STR COMMON 02493710 339 18600 SH SOLE 18600
AMERICAN EXPRESS CO COMMON 02581610 312 2400 SH SOLE 2400
AMERICAN GENERAL CO COMMON 02635110 830 11016 SH SOLE 11016
AMERICAN GREETINGS COMMON 02637510 19582 650010 SH SOLE 650010
AMERICAN HOME PRODS COMMON 02660910 1942 33856 SH SOLE 33856
AMETEK INC COMMON 03110010 8319 361684 SH SOLE 361684
AMGEN COMMON 03116210 481 7896 SH SOLE 7896
AMR CORP COMMON 00176510 10490 153702 SH SOLE 153702
ANDREW CORP COMMON 03442510 11398 601900 SH SOLE 601900
ANHEUSER BUSCH COS COMMON 03522910 596 8400 SH SOLE 8400
APPLE COMPUTER INC COMMON 03783310 333 7200 SH SOLE 7200
ARCHER DANIELS MIDLA COMMON 03948310 9364 606549 SH SOLE 606549
ARROW ELECTRS INC COMMON 04273510 15197 799850 SH SOLE 799850
ASHWORTH INC COMMON 04516H10 1159 250600 SH SOLE 250600
AT & T CORP COMMON 00195710 2225 39857 SH SOLE 39857
AT PLASTICS INC COMMON 00194710 5608 934684 SH SOLE 934684
AT&T LIBERTY MEDIA A COMMON 00195720 468 12728 SH SOLE 12728
ATLANTIC RICHFIELD COMMON 04882510 13581 162530 SH SOLE 162530
AUTODESK INC COMMON 05276910 562 19000 SH SOLE 19000
AVNET INC COMMON 05380710 1230 26450 SH SOLE 26450
BANDAG INC COMMON 05981510 1606 46300 SH SOLE 46300
BANK NEW YORK INC COMMON 06405710 624 17000 SH SOLE 17000
BANK OF AMERICA CORP COMMON 06050510 687 9369 SH SOLE 9369
BANK ONE CORP COMMON 06423A10 304 5096 SH SOLE 5096
BARD C R INC COMMON 06738310 430 9000 SH SOLE 9000
BELCO OIL & GAS CORP COMMON 07741010 2480 357500 SH SOLE 357500
BILLING CONCEPTS COR COMMON 09006310 5626 502900 SH SOLE 502900
BJS WHOLESALE CLUB I COMMON 05548J10 9935 330466 SH SOLE 330466
BMC INDS INC MINN COMMON 05560710 11240 1089900 SH SOLE 1089900
BOWATER INC COMMON 10218310 1438 30350 SH SOLE 30350
BP AMOCO PLC COMMON 05562210 704 6491 SH SOLE 6491
BREED TECHNOLOGIES I COMMON 10670210 1392 618800 SH SOLE 618800
BRISTOL MYERS SQUIBB COMMON 11012210 2994 42500 SH SOLE 42500
BRITISH STL PLC COMMON 11101530 1350 51800 SH SOLE 51800
BROOKDALE LIVING CMN COMMON 11246210 9959 672350 SH SOLE 672350
BROWN SHOE COMPANY COMMON 11573610 20148 926350 SH SOLE 926350
BUILDING MATERIAL HO COMMON 12011310 10241 890532 SH SOLE 890532
CABLETRON SYS INC COMMON 12692010 16976 1305825 SH SOLE 1305825
CADENCE DESIGNS SYS COMMON 12738710 836 66200 SH SOLE 66200
CALLAWAY GOLF CO COMMON 13119310 20000 1367500 SH SOLE 1367500
CAPITAL AUTO REIT COMMON 13973310 535 40400 SH SOLE 40400
CARAUSTAR INDS INC COMMON 14090910 12878 521648 SH SOLE 521648
CAROLINA PWR & LT CO COMMON 14414110 257 6000 SH SOLE 6000
CASCADE NAT GAS CORP COMMON 14733910 10446 549814 SH SOLE 549814
CATERPILLAR INC COMMON 14912310 7206 120100 SH SOLE 120100
CFI PROSERVICES INC COMMON 12525N10 4971 441900 SH SOLE 441900
CHASE MANHATTAN CORP COMMON 16161A10 398 4600 SH SOLE 4600
CHESAPEAKE ENERGY CO COMMON 16516710 2056 699992 SH SOLE 699992
CHEVRON CORP COMMON 16675110 565 5948 SH SOLE 5948
CHICAGO BRIDGE & IRO COMMON N1980810 11483 823924 SH SOLE 823924
CITIGROUP INC COMMON 17296710 499 10499 SH SOLE 10499
CLAYTON HOMES INC COMMON 18419010 16234 1419360 SH SOLE 1419360
CLEVELAND CLIFFS INC COMMON 18589610 253 7800 SH SOLE 7800
COCA COLA CO COMMON 19121610 248 4000 SH SOLE 4000
COLUMBIA/HCA HEALTHC COMMON 19767710 14571 638715 SH SOLE 638715
COMDISCO INC COMMON 20033610 12187 475590 SH SOLE 475590
COMMERCIAL NET LEASE COMMON 20221810 2832 219965 SH SOLE 219965
COMPAQ COMPUTER CORP COMMON 20449310 330 13929 SH SOLE 13929
COMSTOCK RES INC COMMON 20576820 4679 1412600 SH SOLE 1412600
CROSSMANN CMNTYS INC COMMON 22764E10 965 33200 SH SOLE 33200
CROWN CORK & SEAL IN COMMON 22825510 395 13850 SH SOLE 13850
CUMMINS ENGINE INC COMMON 23102110 354 6200 SH SOLE 6200
DEAN FOODS CO COMMON 24236110 4576 110100 SH SOLE 110100
DEERE & CO COMMON 24419910 8016 204550 SH SOLE 204550
DELPHI AUTOMOTIVE SY COMMON 24712610 6508 351767 SH SOLE 351767
DELTA AIR LINES DEL COMMON 24736110 577 10018 SH SOLE 10018
DILLARD'S INC COMMON 25406710 3570 101650 SH SOLE 101650
DISNEY WALT PRODTNS COMMON 25468710 203 6600 SH SOLE 6600
DOLE FOOD COMPANY COMMON 25660510 24566 836275 SH SOLE 836275
DONNELLEY R R & SONS COMMON 25786710 1483 40000 SH SOLE 40000
DORAL FINANCIAL CORP COMMON 25811P10 4925 285509 SH SOLE 285509
DOW CHEM CO COMMON 26054310 1040 8197 SH SOLE 8197
DU PONT E I DE NEMOU COMMON 26353410 280 4100 SH SOLE 4100
EASTMAN KODAK CO COMMON 27746110 234 3450 SH SOLE 3450
EATON CORP COMMON 27805810 18346 199410 SH SOLE 199410
EEX CORPORATION COMMON 26842V20 11629 1676279 SH SOLE 1676279
ENRON OIL & GAS CO COMMON 29356210 20635 1019000 SH SOLE 1019000
ESTERLINE TECHNOLOGI COMMON 29742510 14762 1026900 SH SOLE 1026900
ETHYL CORP COMMON 29765910 65 10775 SH SOLE 10775
EXXON CORP COMMON 30229010 656 8500 SH SOLE 8500
FANNIE MAE COMMON 31358610 11545 169157 SH SOLE 169157
FDX CORPORATION COMMON 31304N10 434 8000 SH SOLE 8000
FEDERAL HOME LOAN COMMON 31340030 284 4900 SH SOLE 4900
FINLAY ENTERPRISES I COMMON 31788420 9102 680500 SH SOLE 680500
FIRST SIERRA FIN INC COMMON 33594410 12525 501000 SH SOLE 501000
FLANDERS CORP COMMON 33849410 6188 1768100 SH SOLE 1768100
FLEET FINANCIAL GRP COMMON 33891510 6641 149650 SH SOLE 149650
FLIR SYS INC COMMON 30244510 4599 304050 SH SOLE 304050
FLOWSERVE CORPORATIO COMMON 34354P10 13937 735970 SH SOLE 735970
FORD MTR CO DEL COMMON 34537010 10779 190994 SH SOLE 190994
FRESH DEL MONTE PROD COMMON G3673810 3616 256000 SH SOLE 256000
FRIEDMANS INC COMMON 35843810 8852 1018990 SH SOLE 1018990
GATX CORP COMMON 36144810 7294 191620 SH SOLE 191620
GENERAL DYNAMICS COR COMMON 36955010 703 10200 SH SOLE 10200
GENERAL ELEC CO COMMON 36960410 6118 54146 SH SOLE 54146
GENERAL MTRS CORP COMMON 37044210 6959 105446 SH SOLE 105446
GENESIS HEALTH VENTU COMMON 37191210 780 260100 SH SOLE 260100
GEORGIA PAC CORP COMMON 37329810 696 14682 SH SOLE 14682
GILLETTE COMPANY COMMON 37576610 221 5400 SH SOLE 5400
GLOBAL-TECH APPLIANC COMMON G3932010 1389 231500 SH SOLE 231500
GOODYEAR TIRE & RUBR COMMON 38255010 15199 258428 SH SOLE 258428
GRIFFON CORP. COMMON 39843310 5154 659697 SH SOLE 659697
GTE CORP COMMON 36232010 1975 26165 SH SOLE 26165
GUARANTY LIFE COMPAN COMMON 40074010 2385 94914 SH SOLE 94914
GULFSTREAM AEROSPACE COMMON 40273410 16067 237808 SH SOLE 237808
HAGGAR CORP COMMON 40517310 1499 114196 SH SOLE 114196
HALLIBURTON CO COMMON 40621610 17509 386938 SH SOLE 386938
HARRIS CORP DEL COMMON 41387510 509 13000 SH SOLE 13000
HARSCO CORP COMMON 41586410 2314 72314 SH SOLE 72314
HEINZ H J CO COMMON 42307410 321 6400 SH SOLE 6400
HERITAGE FINL CORP W COMMON 42722X10 771 90000 SH SOLE 90000
HEWLETT PACKARD CO COMMON 42823610 824 8200 SH SOLE 8200
HILLENBRAND INDS INC COMMON 43157310 2786 64425 SH SOLE 64425
HOMEBASE INC COMMON 43738E10 106 16850 SH SOLE 16850
HONEYWELL INC COMMON 43850610 1277 11020 SH SOLE 11020
HOSPITALITY PPTYS TR COMMON 44106M10 507 18700 SH SOLE 18700
HUBBELL HARVEY 'B' COMMON 44351020 6450 142148 SH SOLE 142148
IBP INC COMMON 44922310 11197 471440 SH SOLE 471440
ICN PHARMACEUTICALS COMMON 44892410 20796 646075 SH SOLE 646075
IHOP CORP COMMON 44962310 10318 428800 SH SOLE 428800
ILLINOIS TOOL WKS IN COMMON 45230810 688 8422 SH SOLE 8422
IMPERIAL CREDIT COMM COMMON 45272T10 541 50000 SH SOLE 50000
INTEL CORP COMMON 45814010 31840 535129 SH SOLE 535129
INTERNATIONAL BUS MA COMMON 45920010 5116 39580 SH SOLE 39580
INVACARE CORP COMMON 46120310 4622 172800 SH SOLE 172800
JDA SOFTWARE GROUP I COMMON 46612K10 4800 515400 SH SOLE 515400
JLG INDS INC COMMON 46621010 454 22300 SH SOLE 22300
JOHNSON & JOHNSON COMMON 47816010 1049 10700 SH SOLE 10700
KEYCORP COMMON 49326710 8789 273574 SH SOLE 273574
KNIGHTSBRIDGE TANKER COMMON G5299G10 8772 501234 SH SOLE 501234
KONINKLIJKE PHILIPS COMMON 50047220 4173 41367 SH SOLE 41367
KROGER CO COMMON 50104410 332 11896 SH SOLE 11896
LACROSSE FOOTWEAR IN COMMON 50568810 95 12200 SH SOLE 12200
LIFEPOINT HOSPITALS COMMON 53219L10 449 33443 SH SOLE 33443
LILLY ELI & CO COMMON 53245710 4178 58336 SH SOLE 58336
LOCKHEED MARTIN CORP COMMON 53983010 12871 345525 SH SOLE 345525
LONE STAR STEAKHOUSE COMMON 54230710 9601 987909 SH SOLE 987909
LONGVIEW FIBRE CO COMMON 54321310 453 29000 SH SOLE 29000
LSI LOGIC CORP COMMON 50216110 29190 632850 SH SOLE 632850
LUCENT TECHNOLOGIES COMMON 54946310 380 5630 SH SOLE 5630
M A HANNA COMMON 41052210 10152 617610 SH SOLE 617610
MACHEEZMO MOUSE REST COMMON 55445710 7 27667 SH SOLE 27667
MACK-CALI REALTY COR COMMON 55448910 15072 487168 SH SOLE 487168
MALLINCKRODT INC. COMMON 56123210 24991 687025 SH SOLE 687025
MANPOWER INC COMMON 56418H10 464 20525 SH SOLE 20525
MARSHALL INDS COMMON 57239310 23272 647559 SH SOLE 647559
MASCO CORP COMMON 57459910 243 8400 SH SOLE 8400
MCDONALDS CORP COMMON 58013510 329 8000 SH SOLE 8000
MCGRAW HILL INC COMMON 58064510 345 6400 SH SOLE 6400
MENTOR CORP MINN COMMON 58718810 317 17000 SH SOLE 17000
MERCK & CO INC COMMON 58933110 1211 16450 SH SOLE 16450
MERIX CORP COMMON 59004910 3750 491800 SH SOLE 491800
MERRILL LYNCH & CO COMMON 59018810 2286 28760 SH SOLE 28760
MICROSOFT CORP COMMON 59491810 6575 72906 SH SOLE 72906
MILLENNIUM CHEMICALS COMMON 59990310 12444 528110 SH SOLE 528110
MINNESOTA MNG & MFG COMMON 60405910 1037 11925 SH SOLE 11925
MOBIL CORP COMMON 60705910 1733 17554 SH SOLE 17554
MONSANTO CO COMMON 61166210 554 14000 SH SOLE 14000
MORGAN J P & CO INC COMMON 61688010 632 4500 SH SOLE 4500
MOTOROLA INC COMMON 62007610 283 2985 SH SOLE 2985
MYLEX CORP COMMON 62854610 9845 1693776 SH SOLE 1693776
NABORS INDS INC COMMON 62956810 2916 119641 SH SOLE 119641
NALCO CHEM CO COMMON 62985310 210 4048 SH SOLE 4048
NEW CENTURY ENERGIES COMMON 64352U10 9178 236475 SH SOLE 236475
NORDSTROM INC COMMON 65566410 350 10434 SH SOLE 10434
NORFOLK SOUTHERN COR COMMON 65584410 5624 186700 SH SOLE 186700
NORRELL CORP GA COMMON 65630110 11668 620250 SH SOLE 620250
NORTHEAST UTILS COMMON 66439710 215 12000 SH SOLE 12000
NORTHERN BORDER PART COMMON 66478510 261 8400 SH SOLE 8400
NORTHWEST PIPE CO COMMON 66774610 7801 469217 SH SOLE 469217
NOVELL INC COMMON 67000610 7725 291500 SH SOLE 291500
NOVELLUS SYS INC COMMON 67000810 246 3600 SH SOLE 3600
NS GROUP INC COMMON 62891610 9123 986300 SH SOLE 986300
OCCIDENTAL PETE CORP COMMON 67459910 4084 193325 SH SOLE 193325
OCEAN ENERGY INC COMMON 67481E10 2510 260800 SH SOLE 260800
OFFICEMAX INC COMMON 67622M10 5680 473300 SH SOLE 473300
OM GROUP INC COMMON 67087210 8177 237000 SH SOLE 237000
OMEGA HEALTHCARE INV COMMON 68193610 480 18600 SH SOLE 18600
OMNIQUIP INTL INC COMMON 68196910 3414 433500 SH SOLE 433500
OREGON STL MLS INC COMMON 68607910 226 17000 SH SOLE 17000
PACIFICORP COMMON 69511410 8659 471264 SH SOLE 471264
PARKER HANNIFIN CORP COMMON 70109410 389 8500 SH SOLE 8500
PENNEY J C INC COMMON 70816010 13551 279049 SH SOLE 279049
PEPSICO INC COMMON 71344810 217 5600 SH SOLE 5600
PERIPHONICS CORP COMMON 71400510 15368 938500 SH SOLE 938500
PFIZER INC COMMON 71708110 6138 56316 SH SOLE 56316
PHILIP MORRIS INC COMMON 71815410 304 7575 SH SOLE 7575
PHILPS INTER REALTY COMMON 71833310 827 49000 SH SOLE 49000
PIONEER NAT RES CO COMMON 72378710 323 29405 SH SOLE 29405
PLUM CREEK TIMBER COMMON 72923710 1014 32500 SH SOLE 32500
PNC FINANCIAL CORP COMMON 69347510 5546 96250 SH SOLE 96250
POGO PRODUCING CORP COMMON 73044810 13232 710448 SH SOLE 710448
POPE & TALBOT INC COMMON 73282710 4831 400464 SH SOLE 400464
PPG INDS INC COMMON 69350610 15961 270240 SH SOLE 270240
PRECISION CASTPARTS COMMON 74018910 3168 74550 SH SOLE 74550
PRIME RETAIL INC COMMON 74157010 7778 895296 SH SOLE 895296
PROCTER & GAMBLE CO COMMON 74271810 580 6500 SH SOLE 6500
PROTOCOL SYS INC COMMON 74371R10 3183 366398 SH SOLE 366398
PUBLIC SVC CO N MEX COMMON 74449910 12726 640300 SH SOLE 640300
QUANEX CORP COMMON 74762010 4199 147350 SH SOLE 147350
RADISYS CORP COMMON 75045910 14992 385650 SH SOLE 385650
RAYCHEM CORP COMMON 75460310 1687 45600 SH SOLE 45600
RAYTHEON CO CLASS B COMMON 75511140 2917 41371 SH SOLE 41371
READ-RITE CORP COMMON 75524610 5450 878580 SH SOLE 878580
RELIANCE GROUP HLDGS COMMON 75946410 5352 719650 SH SOLE 719650
REPSOL S A COMMON 76026T20 8265 406900 SH SOLE 406900
REPUBLIC N Y CORP COMMON 76071910 2557 37500 SH SOLE 37500
RIVIANA FOODS INC. COMMON 76953610 1031 54975 SH SOLE 54975
ROCKWELL INTL CORP COMMON 77390310 10968 180550 SH SOLE 180550
ROHN INDUSTRIES INC COMMON 77538110 634 461400 SH SOLE 461400
ROMAC INTL INC COMMON 77583510 5419 610600 SH SOLE 610600
ROYAL DUTCH PETE CO COMMON 78025780 1614 26796 SH SOLE 26796
SABRE GROUP HOLDINGS COMMON 78590510 5215 75850 SH SOLE 75850
SAFECO CORP COMMON 78642910 16336 370219 SH SOLE 370219
SANTE FE INTL CORP COMMON G7805C10 16605 721950 SH SOLE 721950
SBC COMMUNICATIONS I COMMON 78387G10 499 8608 SH SOLE 8608
SCHLUMBERGER LTD COMMON 80685710 1051 16500 SH SOLE 16500
SEARS ROEBUCK & CO COMMON 81238710 354 7950 SH SOLE 7950
SEQUENT COMPUTER SYS COMMON 81733810 4787 269700 SH SOLE 269700
SHAW GROUP INC COMMON 82028010 13485 849450 SH SOLE 849450
SHERWIN WILLIAMS CO COMMON 82434810 10090 363600 SH SOLE 363600
SILICON VY BANCSHARE COMMON 82706410 1151 46500 SH SOLE 46500
SLM HOLDING CORP COMMON 78442A10 9794 213775 SH SOLE 213775
SNAP ON TOOLS CORP COMMON 83303410 3356 92750 SH SOLE 92750
SOUTHERN MINERAL COR COMMON 84336720 5 15000 SH SOLE 15000
SPECTRIAN CORP COMMON 84760810 8761 604201 SH SOLE 604201
SPIEKER PROPERTIES I COMMON 84849710 1866 48000 SH SOLE 48000
STANCORP FINANCIAL COMMON 85289110 18779 625950 SH SOLE 625950
STANDARD REGISTER CO COMMON 85388710 8979 292010 SH SOLE 292010
STEWART&STEVENSON SV COMMON 86034210 11503 754309 SH SOLE 754309
STOLT-NIELSEN S.A. COMMON L8874210 497 32600 SH SOLE 32600
SUNRISE MED INC COMMON 86791010 7666 1075900 SH SOLE 1075900
SUNSHINE MNG CO COMMON 86783310 6 16650 SH SOLE 16650
TANDY CORP COMMON 87538210 469 9600 SH SOLE 9600
TCF FINANCIAL CORP COMMON 87227510 433 15532 SH SOLE 15532
TEE KAY SHIPPING COR COMMON V8956410 2455 139300 SH SOLE 139300
TEKTRONIX INC COMMON 87913110 23548 780050 SH SOLE 780050
TELECOMUNICACOES BRA COMMON 87928730 7974 88600 SH SOLE 88600
TELETECH HOLDINGS IN COMMON 87993910 7736 764000 SH SOLE 764000
TELTREND INC COMMON 87969R10 11272 530450 SH SOLE 530450
TENNECO NEW COMMON 88037E10 9705 406500 SH SOLE 406500
TETRA TECHNOLOGIES I COMMON 88162F10 9387 988100 SH SOLE 988100
TEXACO INC COMMON 88169410 1266 20291 SH SOLE 20291
TEXAS INSTRS INC COMMON 88250810 1613 11200 SH SOLE 11200
TEXTRON INC COMMON 88320310 2300 27938 SH SOLE 27938
TIDEWATER INC. COMMON 88642310 5765 189000 SH SOLE 189000
TIMBERLAND BANCORP I COMMON 88709810 1227 104400 SH SOLE 104400
TIME WARNER INC COMMON 88731510 517 7120 SH SOLE 7120
TITAN INTL INC ILL COMMON 88830M10 6084 512300 SH SOLE 512300
TJ INTERNATIONAL INC COMMON 87253410 1176 37922 SH SOLE 37922
TJX COS INC NEW COMMON 87254010 933 28000 SH SOLE 28000
TOYS R US COMMON 89233510 11147 538825 SH SOLE 538825
TRANSCANADA PIPELINE COMMON 89352610 543 38818 SH SOLE 38818
TYCO INTL LTD NEW COMMON 90212410 384 4053 SH SOLE 4053
ULTRAK INC COMMON 90389840 6779 1153850 SH SOLE 1153850
ULTRAMAR DIAMOND SHA COMMON 90400010 10851 497455 SH SOLE 497455
UNILEVER N V COMMON 90478470 235 3374 SH SOLE 3374
UNION PAC CORP COMMON 90781810 494 8475 SH SOLE 8475
UNITED TECHNOLOGIES COMMON 91301710 374 5200 SH SOLE 5200
US BANCORP DEL COMMON 90297310 3497 104766 SH SOLE 104766
V F CORP COMMON 91820410 265 6200 SH SOLE 6200
VARIAN MEDICAL SYSTE COMMON 92220P10 692 27400 SH SOLE 27400
VODAFONE GROUP PLC COMMON 92857T10 332 1687 SH SOLE 1687
VRB BANCORP COMMON 91828110 301 41472 SH SOLE 41472
WARNER LAMBERT CO COMMON 93448810 1918 27750 SH SOLE 27750
WASHINGTON FEDERAL I COMMON 93882410 19301 860198 SH SOLE 860198
WASHINGTON MUTUAL IN COMMON 93932210 507 14260 SH SOLE 14260
WELLS FARGO COMPANY COMMON 94974610 2028 47446 SH SOLE 47446
WEST COAST BANCORP N COMMON 95214510 4807 274686 SH SOLE 274686
WESTERFED FINL CORP COMMON 95755010 1497 91404 SH SOLE 91404
WEYERHAEUSER CO COMMON 96216610 13614 198025 SH SOLE 198025
WILLAMETTE INDS INC COMMON 96913310 19102 414708 SH SOLE 414708
WILLBROS GROUP INC COMMON 96919910 6916 813596 SH SOLE 813596
WOLVERINE WORLD WIDE COMMON 97809710 4649 332100 SH SOLE 332100
XEROX CORP COMMON 98412110 17983 304480 SH SOLE 304480
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