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Previous: AEI REAL ESTATE FUND XVII LIMITED PARTNERSHIP, DEF 14A, 1997-07-28 |
Next: ORBITAL SCIENCES CORP /DE/, 8-K, 1997-07-28 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/97
Institutional Investment Manager:
AMERICAN EXPRESS FINANCIAL CORPORATION
IDS TOWER-10
MINNEAPOLIS MN 55440-0010
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION
IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE 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.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
MATT KARSTETTER V.P.INVESTMENT ACCOUNTING (612) 671-3517
Signature, Place and Date of Signing:
/s/ MATT KARSTETTER MINNEAPOLIS MN 06/30/97
Other Managers on Whose Behalf this Report is Filed:
01 AMERICAN EXPRESS COMPANY 028-00698
03 AMERICAN EXPRESS TRUST COMPANY 028-01151
34 AMERICAN PARTNERS LIFE
02 IDS ADVISORY GROUP, INC. 028-02069
04 IDS BOND FUND, INC. 028-00192
05 IDS CERTIFICATE COMPANY 028-00140
06 IDS DISCOVERY FUND, INC. 028-01075
07 IDS DIVERSIFIED EQUITY INCOME FUND
08 IDS EQUITY SELECT FUND, INC. 028-00196
09 IDS EXTRA INCOME FUND, INC. 028-01411
35 IDS GLOBAL GROWTH FUND
10 IDS GLOBAL SERIES, INC. 028-02589
11 IDS GROWTH FUND, INC. 028-00194
12 IDS INTERNATIONAL FUND, INC. 028-01547
13 IDS INVESTMENT SERIES, INC. 028-00199
14 IDS LIFE AGGRES. GROWTH FUND, INC.
15 IDS LIFE CAPITAL RESOURCE FUND, INC. 028-01131
16 IDS LIFE INSURANCE COMPANY 028-00143
17 IDS LIFE INTL EQUITY FUND, INC.
18 IDS LIFE MANAGED FUND, INC. 028-01837
19 IDS LIFE SERIES FUND, INC.- EQUITY PORTFOLIO 028-01835
<PAGE> PAGE 2
20 IDS LIFE SERIES FUND, INC.-MANAGED PORTFOLIO 028-01835
21 IDS LIFE SPECIAL INCOME FUND, INC. 028-02178
22 IDS LIFE VARIABLE ANNUITY FUND A 028-00144
23 IDS LIFE VARIABLE ANNUITY FUND B 028-00145
24 IDS MANAGED RETIREMENT FUND, INC. 028-01546
25 IDS MARKET ADVANTAGE SERIES, INC. 028-02748
26 IDS NEW DIMENSIONS FUND, INC. 028-00198
27 IDS PRECIOUS METALS FUND, INC. 028-01578
28 IDS PROGRESSIVE FUND, INC. 028-00193
29 IDS SELECTIVE FUND, INC. 028-00197
30 IDS STOCK FUND, INC. 028-00195
31 IDS STRATEGY FUND, INC. 028-01473
32 IDS UTILITIES INCOME FUND, INC. 028-02374
33 SHEARSON INSURANCE - MARKETING REINSURANCE CO.
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ACE LIMITED COM G0070K103 13298 180000 SH DEFINED 0108 180000
ACE LIMITED COM G0070K103 147750 2000000 SH DEFINED 0126 2000000
ACE LIMITED COM G0070K103 7112 96273 SH DEFINED 0128 96273
ACE LIMITED COM G0070K103 88650 1200000 SH DEFINED 011516 1200000
ACE LIMITED COM G0070K103 2807 38000 SH DEFINED 011619 38000
ACE LIMITED COM G0070K103 466 6300 SH DEFINED 0102 6300
ACE LIMITED COM G0070K103 8658 117200 SH DEFINED 0131 117200
ACE LIMITED COM G0070K103 465 6300 SH DEFINED 0103 6300
CREDICORP COM G2519Y108 2904 132000 SH DEFINED 0128 132000
CREDICORP COM G2519Y108 1430 65000 SH DEFINED 0124 65000
CREDICORP COM G2519Y108 3520 160000 SH DEFINED 0112 160000
CREDICORP COM G2519Y108 5170 235000 SH DEFINED 011617 235000
CREDICORP COM G2519Y108 1591 72300 SH DEFINED 011614 72300
EXEL LTD COM G3242A102 65938 1250000 SH DEFINED 0130 1250000
EXEL LTD COM G3242A102 15825 300000 SH DEFINED 0107 300000
GLOBALSTAR COM G3930H104 2450 80000 SH DEFINED 0109 80000
LORAL SPACE & COMM COM G56462107 15627 1041800 SH DEFINED 011618 1041800
MIDOCEAN LTD COM G61061100 27268 520000 SH DEFINED 0107 520000
MIDOCEAN LTD COM G61061100 26219 500000 SH DEFINED 011516 500000
SANTA FE INTL CORP COM G7805C108 3012 88600 SH DEFINED 0108 88600
SANTA FE INTL CORP COM G7805C108 6800 200000 SH DEFINED 011619 200000
SANTA FE INTL CORP COM G7805C108 7086 208400 SH DEFINED 011614 208400
TERRA NOVA COM G87615103 7350 350000 SH DEFINED 0128 350000
TERRA NOVA COM G87615103 10500 500000 SH DEFINED 011618 500000
3D LABS COM G8846W103 5800 200000 SH DEFINED 011619 200000
CHECKPOINT SOFTWARE COM M22465104 5587 239000 SH DEFINED 011619 239000
TELEDATA COMMUNICATI COM M8762U100 6875 200000 SH DEFINED 011614 200000
ASM LITHOGRAPHY COM N07059111 6891 117800 SH DEFINED 011619 117800
ASM LITHOGRAPHY COM N07059111 14625 250000 SH DEFINED 011614 250000
ASM LITHOGRAPHY COM N07059111 374 6373 SH DEFINED 0102 6373
ASM LITHOGRAPHY COM N07059111 439 7500 SH DEFINED 01 7500
BAAN CO THE COM N08044104 6888 100000 SH DEFINED 0108 100000
BAAN CO THE COM N08044104 20663 300000 SH DEFINED 011516 300000
CHICAGO BRDG & IRON COM N19808109 11186 505600 SH DEFINED 011614 505600
PANAMERICAN BEV COM P74823108 1644 50000 SH DEFINED 0124 50000
PANAMERICAN BEV COM P74823108 3945 120000 SH DEFINED 0112 120000
PANAMERICAN BEV COM P74823108 5918 180000 SH DEFINED 011617 180000
STEINER LEISURE LTD COM P8744Y102 12126 435000 SH DEFINED 011614 435000
SUN INTL COM P8797T133 10158 275000 SH DEFINED 0135 275000
CREATIVE TECHNOLOGY COM Y1775U107 8500 500000 SH DEFINED 011614 500000
CREATIVE TECHNOLOGY COM Y1775U107 837 49200 SH DEFINED 0102 49200
AAR CORP COM 000361105 6463 200000 SH DEFINED 0106 200000
AAR CORP COM 000361105 14218 440000 SH DEFINED 011614 440000
ABR INFORMATION COM 00077R108 23200 800000 SH DEFINED 0111 800000
ADC TELECOM COM 000886101 7843 235000 SH DEFINED 0108 235000
ADC TELECOM COM 000886101 73425 2200000 SH DEFINED 0126 2200000
ADC TELECOM COM 000886101 40050 1200000 SH DEFINED 0111 1200000
ADC TELECOM COM 000886101 5340 160000 SH DEFINED 011622 160000
ADC TELECOM COM 000886101 12015 360000 SH DEFINED 011623 360000
ADC TELECOM COM 000886101 16354 490000 SH DEFINED 011618 490000
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ADC TELECOM COM 000886101 11681 350000 SH DEFINED 011614 350000
ADC TELECOM COM 000886101 62815 1882090 SH DEFINED 0102 1882090
ADC TELECOM COM 000886101 9378 281000 SH DEFINED 0131 281000
ADC TELECOM COM 000886101 1429 42810 SH DEFINED 0103 42810
AES TRUST #1 PFD CVT CONV PFD STOCK 001033208 10009 170000 SH DEFINED 0132 170000
AGCO CORP COM 001084102 17969 500000 SH DEFINED 0130 500000
AGCO CORP COM 001084102 8625 240000 SH DEFINED 0108 240000
AGCO CORP COM 001084102 5391 150000 SH DEFINED 0128 150000
AGCO CORP COM 001084102 43125 1200000 SH DEFINED 011516 1200000
AGCO CORP COM 001084102 3953 110000 SH DEFINED 011620 110000
AGCO CORP COM 001084102 2767 77000 SH DEFINED 011614 77000
AGCO CORP COM 001084102 27400 762328 SH DEFINED 0102 762328
AGCO CORP COM 001084102 669 18600 SH DEFINED 0103 18600
AGCO CORP COM 001084102 17733 493450 SH DEFINED 01 493450
AMLI COM 001735109 9988 425000 SH DEFINED 0113 425000
AMR CORP DEL COM 001765106 32375 350000 SH DEFINED 0130 350000
AMR CORP DEL COM 001765106 180375 1950000 SH DEFINED 0126 1950000
AMR CORP DEL COM 001765106 8445 91300 SH DEFINED 0124 91300
AMR CORP DEL COM 001765106 9398 101600 SH DEFINED 0125 101600
AMR CORP DEL COM 001765106 3238 35000 SH DEFINED 011620 35000
AMR CORP DEL COM 001765106 51218 553631 SH DEFINED 0102 553631
AMR CORP DEL COM 001765106 3025 32704 SH DEFINED 0103 32704
AMR CORP DEL COM 001765106 8553 92464 SH DEFINED 01 92464
ARCO CHEMICAL CO COM 001920107 27348 575000 SH DEFINED 0113 575000
ARCO CHEMICAL CO COM 001920107 10107 212500 SH DEFINED 0131 212500
ARCO CHEMICAL CO COM 001920107 523 11000 SH DEFINED 0103 11000
ARM FINL GROUP CL A COM 001944107 900 45000 SH DEFINED 011619 45000
AT&T CORP COM 001957109 36816 1050000 SH DEFINED 0113 1050000
AT&T CORP COM 001957109 28927 825000 SH DEFINED 0131 825000
AT&T CORP COM 001957109 10124 288739 SH DEFINED 0103 288739
ABBOTT LABS COM 002824100 3338 50000 SH DEFINED 0124 50000
ABBOTT LABS COM 002824100 5340 80000 SH DEFINED 0125 80000
ABBOTT LABS COM 002824100 164 2451 SH DEFINED 0102 2451
ABBOTT LABS COM 002824100 8273 123940 SH DEFINED 0103 123940
ACCUSTAFF COM 004401105 21319 900000 SH DEFINED 0106 900000
ACCUSTAFF COM 004401105 21319 900000 SH DEFINED 0111 900000
ACTION PERFORMANCE COM 004933107 7275 300000 SH DEFINED 011614 300000
ACTION PERFORMANCE COM 004933107 2445 100800 SH DEFINED 0102 100800
ACTION PERFORMANCE COM 004933107 5408 223000 SH DEFINED 0131 223000
ACTION PERFORMANCE COM 004933107 158 6500 SH DEFINED 0103 6500
ADAPTEC INC 144A CVT CONV BOND 00651FAA6 14944 15000000 PRN DEFINED 0130 15000000
ADAPTEC INC COM 00651F108 11294 325000 SH DEFINED 0108 325000
ADAPTEC INC COM 00651F108 45175 1300000 SH DEFINED 011516 1300000
ADAPTEC INC COM 00651F108 6255 180000 SH DEFINED 011619 180000
ADAPTEC INC COM 00651F108 2433 70000 SH DEFINED 011620 70000
ADOBE SYSTEMS INC COM 00724F101 394 11240 SH DEFINED 0103 11240
ADVANCED FIBRE COMM COM 00754A105 10566 175000 SH DEFINED 0106 175000
ADVANCED FIBRE COMM COM 00754A105 15094 250000 SH DEFINED 0111 250000
ADVANCED FIBRE COMM COM 00754A105 6038 100000 SH DEFINED 011619 100000
ADVANCED FIBRE COMM COM 00754A105 4830 80000 SH DEFINED 011620 80000
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ADVANCED FIBRE COMM COM 00754A105 11654 193050 SH DEFINED 0102 193050
ADVANCED FIBRE COMM COM 00754A105 13476 223200 SH DEFINED 0131 223200
ADVANCED FIBRE COMM COM 00754A105 960 15900 SH DEFINED 0103 15900
AEROQUIP-VICKERS COM 007869100 210 4437 SH DEFINED 0103 4437
ADVANCED MICRO DEV COM 007903107 3600 100000 SH DEFINED 0109 100000
ADVANCED MICRO DEV COM 007903107 768 21345 SH DEFINED 0103 21345
ADV LTD PT TRUST INV COM 007923998 16160 12913890 SH DEFINED 01 12913890
AEGON NV -ADR COM 007924103 1362 19436 SH DEFINED 0124 19436
AEGON NV -ADR COM 007924103 1301 18575 SH DEFINED 0125 18575
AEGON NV -ADR COM 007924103 6468 92335 SH DEFINED 0102 92335
AEGON NV -ADR COM 007924103 921 13153 SH DEFINED 0103 13153
AEGON NV -ADR COM 007924103 1674 23892 SH DEFINED 01 23892
AETNA INC COM 008117103 5119 50000 SH DEFINED 0124 50000
AETNA INC COM 008117103 6143 60000 SH DEFINED 0125 60000
AETNA INC COM 008117103 72 700 SH DEFINED 0102 700
AETNA INC COM 008117103 2418 23617 SH DEFINED 0103 23617
AETNA INC CLASS C CONV PFD STOCK 008117202 103 1099 SH DEFINED 0102 1099
AFFILIATED COMPUTER COM 008190100 6278 224260 SH DEFINED 0102 224260
AFFILIATED COMPUTER COM 008190100 105 3740 SH DEFINED 0103 3740
AFL/CIO UNITS OF COM 008270993 499 460 SH DEFINED 0102 460
AHMANSON HF & CO COM 008677106 712 16552 SH DEFINED 0103 16552
AIR PROD & CHEM COM 009158106 30469 375000 SH DEFINED 0131 375000
AIR PROD & CHEM COM 009158106 2477 30484 SH DEFINED 0103 30484
AIRBORNE FREIGHT COR COM 009266107 12060 288000 SH DEFINED 011614 288000
AIRTOUCH COMMUN COM 00949T100 27375 1000000 SH DEFINED 0126 1000000
AIRTOUCH COMMUN COM 00949T100 9581 350000 SH DEFINED 0135 350000
AIRTOUCH COMMUN COM 00949T100 30701 1121500 SH DEFINED 011618 1121500
AIRTOUCH COMMUN COM 00949T100 88298 3225349 SH DEFINED 0102 3225349
AIRTOUCH COMMUN COM 00949T100 2406 87856 SH DEFINED 0103 87856
AIRTOUCH COMMUN COM 00949T100 5899 215500 SH DEFINED 01 215500
AIRTOUCH COM PFD CVT CONV PFD STOCK 00949T209 5700 200000 SH DEFINED 0132 200000
AIRTOUCH COM PFD CVT CONV PFD STOCK 00949T209 18525 650000 SH DEFINED 0107 650000
ALAMO GROUP INC COM 011311107 4787 230000 SH DEFINED 0128 230000
ALASKA AIRGROUP COM 011659109 11249 439000 SH DEFINED 011614 439000
ALBERTO CULVER COM 013068101 245 8751 SH DEFINED 0103 8751
ALBERTSONS INC COM 013104104 1433 39248 SH DEFINED 0103 39248
ALCAN ALUMINIUM LTD COM 013716105 1225 35302 SH DEFINED 0103 35302
ALEX REAL ESTATE EQU COM 015271109 2084 95000 SH DEFINED 0107 95000
ALLEGHENY TELEDYNE COM 017415100 59 2200 SH DEFINED 0102 2200
ALLEGHENY TELEDYNE COM 017415100 736 27256 SH DEFINED 0103 27256
ALLERGAN INC COM 018490102 328 10297 SH DEFINED 0103 10297
ALLIED GROUP INC COM 019220102 13110 345000 SH DEFINED 0128 345000
ALLIED SIGNAL INC COM 019512102 31500 375000 SH DEFINED 011618 375000
ALLIED SIGNAL INC COM 019512102 44888 534390 SH DEFINED 0102 534390
ALLIED SIGNAL INC COM 019512102 3709 44155 SH DEFINED 0103 44155
ALLIED SIGNAL INC COM 019512102 6090 72500 SH DEFINED 01 72500
ALLSTATE CORP COM 020002101 5068 69425 SH DEFINED 0103 69425
ALLSTATE CORP COM 020002101 7410 101500 SH DEFINED 01 101500
ALLTEL CORP COM 020039103 976 29201 SH DEFINED 0103 29201
ALLTEL 7.75 $100 PAR PREFERRED STOCK 0200392*3 2145 21234 SH DEFINED 0105 21234
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ALUMINUM CO AMERICA COM 022249106 8321 110400 SH DEFINED 0108 110400
ALUMINUM CO AMERICA COM 022249106 143213 1900000 SH DEFINED 0126 1900000
ALUMINUM CO AMERICA COM 022249106 19281 255800 SH DEFINED 0124 255800
ALUMINUM CO AMERICA COM 022249106 18723 248400 SH DEFINED 0125 248400
ALUMINUM CO AMERICA COM 022249106 10553 140000 SH DEFINED 0135 140000
ALUMINUM CO AMERICA COM 022249106 3053 40500 SH DEFINED 011620 40500
ALUMINUM CO AMERICA COM 022249106 253917 3368592 SH DEFINED 0102 3368592
ALUMINUM CO AMERICA COM 022249106 5693 75515 SH DEFINED 0103 75515
ALUMINUM CO AMERICA COM 022249106 19764 262200 SH DEFINED 01 262200
ALZA COM 022615108 9520 329000 SH DEFINED 0108 329000
ALZA COM 022615108 6601 228100 SH DEFINED 0124 228100
ALZA COM 022615108 3990 137900 SH DEFINED 0125 137900
ALZA COM 022615108 28938 1000000 SH DEFINED 011516 1000000
ALZA COM 022615108 3328 115000 SH DEFINED 011619 115000
ALZA COM 022615108 13022 450000 SH DEFINED 011614 450000
ALZA COM 022615108 60184 2079853 SH DEFINED 0102 2079853
ALZA COM 022615108 9231 319000 SH DEFINED 0131 319000
ALZA COM 022615108 1946 67238 SH DEFINED 0103 67238
ALZA COM 022615108 3574 123500 SH DEFINED 01 123500
AMERADA HESS COM 023551104 810 14580 SH DEFINED 0103 14580
AMERICA ON-LINE COM 02364J104 1391 25000 SH DEFINED 0128 25000
AMERICA ON-LINE COM 02364J104 5841 105000 SH DEFINED 011614 105000
AMDAHL CORP COM 023905102 166 18945 SH DEFINED 0103 18945
20TH CENTURY ULTRA COM 025083882 7974 243860 SH DEFINED 0103 243860
AMER COMM SVS WTS COM 02520B110 688 17200 SH DEFINED 0109 17200
AMER COMM SVS WTS COM 02520B110 240 6000 SH DEFINED 011621 6000
AMERICAN ELEC PWR COM 025537101 4200 100000 SH DEFINED 0132 100000
AMERICAN ELEC PWR COM 025537101 1228 29236 SH DEFINED 0103 29236
AMERICAN EXPLORATION COM 025762808 449 30700 SH DEFINED 0102 30700
AMERICAN EXPRESS COM 025816109 673259 9037036 SH DEFINED 0103 9037036
AMERICAN FREIGHTWAYS COM 02629V108 7000 448000 SH DEFINED 011614 448000
AMER GENERAL CORP COM 026351106 43239 905525 SH DEFINED 0103 905525
AMER GENERAL CORP COM 026351106 11778 246670 SH DEFINED 01 246670
AM GREETINGS CL A COM 026375105 11880 320000 SH DEFINED 011614 320000
AM GREETINGS CL A COM 026375105 20419 550000 SH DEFINED 0131 550000
AM GREETINGS CL A COM 026375105 1178 31726 SH DEFINED 0103 31726
AMER HOME PRODUCTS COM 026609107 45900 600000 SH DEFINED 0130 600000
AMER HOME PRODUCTS COM 026609107 11475 150000 SH DEFINED 0108 150000
AMER HOME PRODUCTS COM 026609107 43988 575000 SH DEFINED 0113 575000
AMER HOME PRODUCTS COM 026609107 18681 244200 SH DEFINED 0124 244200
AMER HOME PRODUCTS COM 026609107 20808 272000 SH DEFINED 0125 272000
AMER HOME PRODUCTS COM 026609107 21803 285000 SH DEFINED 0107 285000
AMER HOME PRODUCTS COM 026609107 4284 56000 SH DEFINED 011620 56000
AMER HOME PRODUCTS COM 026609107 38416 502182 SH DEFINED 0102 502182
AMER HOME PRODUCTS COM 026609107 30600 400000 SH DEFINED 0131 400000
AMER HOME PRODUCTS COM 026609107 11884 155342 SH DEFINED 0103 155342
AMER HOME PRODUCTS COM 026609107 8912 116500 SH DEFINED 01 116500
AMERICAN INTL GROUP COM 026874107 37344 250000 SH DEFINED 0130 250000
AMERICAN INTL GROUP COM 026874107 149375 1000000 SH DEFINED 0126 1000000
AMERICAN INTL GROUP COM 026874107 74688 500000 SH DEFINED 011516 500000
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMERICAN INTL GROUP COM 026874107 14466 96833 SH DEFINED 0102 96833
AMERICAN INTL GROUP COM 026874107 11245 75281 SH DEFINED 0103 75281
AMERICAN INTL GROUP COM 026874107 10905 73000 SH DEFINED 01 73000
AMERICAN ONCOLOGY COM 028910107 12202 723100 SH DEFINED 011614 723100
AMERICAN ONCOLOGY COM 028910107 457 27050 SH DEFINED 0102 27050
AMERICAN ONCOLOGY COM 028910107 2733 161935 SH DEFINED 0131 161935
AMERICAN ONCOLOGY COM 028910107 160 9500 SH DEFINED 0103 9500
AMERICAN ONCOLOGY COM 028910107 371 22000 SH DEFINED 01 22000
AMER PWR CONVERSION COM 029066107 25650 1350000 SH DEFINED 011618 1350000
AMERICAN RADIO COM 029161106 3509 88000 SH DEFINED 011619 88000
AMERICAN RADIO COM 029161106 19502 489050 SH DEFINED 0102 489050
AMERICAN RADIO COM 029161106 7361 184600 SH DEFINED 0131 184600
AMERICAN RADIO COM 029161106 598 15000 SH DEFINED 0103 15000
AMERICAN RADIO COM 029161106 3369 84500 SH DEFINED 01 84500
AMER RADIO CVTPFD7% PREFERRED STOCK 029161205 1143 20500 SH DEFINED 011620 20500
AMERICAN STD CO COM 029712106 25508 570000 SH DEFINED 011618 570000
AMERICAN STD CO COM 029712106 7156 159905 SH DEFINED 01 159905
AMERICAN STORES CO COM 030096101 27156 550000 SH DEFINED 0130 550000
AMERICAN STORES CO COM 030096101 11109 225000 SH DEFINED 0108 225000
AMERICAN STORES CO COM 030096101 10616 215000 SH DEFINED 0124 215000
AMERICAN STORES CO COM 030096101 12383 250800 SH DEFINED 0125 250800
AMERICAN STORES CO COM 030096101 54313 1100000 SH DEFINED 011516 1100000
AMERICAN STORES CO COM 030096101 3402 68900 SH DEFINED 011620 68900
AMERICAN STORES CO COM 030096101 9901 200552 SH DEFINED 0102 200552
AMERICAN STORES CO COM 030096101 2545 51540 SH DEFINED 0103 51540
AMERICAN STORES CO COM 030096101 2716 55000 SH DEFINED 01 55000
AMERICAN TELECAST WT WARRANT 030151112 11 85225 SH DEFINED 0109 85225
AMERICAN WATERWORKS COM 030411102 8764 410000 SH DEFINED 0132 410000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 4170 40000 SH DEFINED 0105 40000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 3128 30000 SH DEFINED 01 30000
AMERISOURCE COM 03071P102 202 4036 SH DEFINED 0102 4036
AMERITECH CORP COM 030954101 35667 525000 SH DEFINED 0132 525000
AMERITECH CORP COM 030954101 10530 155000 SH DEFINED 0124 155000
AMERITECH CORP COM 030954101 11142 164000 SH DEFINED 0125 164000
AMERITECH CORP COM 030954101 21061 310000 SH DEFINED 0107 310000
AMERITECH CORP COM 030954101 1440 21200 SH DEFINED 0102 21200
AMERITECH CORP COM 030954101 7226 106352 SH DEFINED 0103 106352
AMETEK INC COM 031105109 4700 200000 SH DEFINED 0128 200000
AMGEN INC COM 031162100 29063 500000 SH DEFINED 0130 500000
AMGEN INC COM 031162100 9300 160000 SH DEFINED 0108 160000
AMGEN INC COM 031162100 116250 2000000 SH DEFINED 0126 2000000
AMGEN INC COM 031162100 69750 1200000 SH DEFINED 0111 1200000
AMGEN INC COM 031162100 6743 116000 SH DEFINED 0124 116000
AMGEN INC COM 031162100 8050 138500 SH DEFINED 0125 138500
AMGEN INC COM 031162100 3488 60000 SH DEFINED 011622 60000
AMGEN INC COM 031162100 6975 120000 SH DEFINED 011623 120000
AMGEN INC COM 031162100 23250 400000 SH DEFINED 011516 400000
AMGEN INC COM 031162100 37781 650000 SH DEFINED 011618 650000
AMGEN INC COM 031162100 2848 49000 SH DEFINED 011620 49000
AMGEN INC COM 031162100 233766 4021696 SH DEFINED 0102 4021696
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMGEN INC COM 031162100 4504 77480 SH DEFINED 0103 77480
AMGEN INC COM 031162100 18596 319915 SH DEFINED 01 319915
AMP COM 031897101 37575 900000 SH DEFINED 0113 900000
AMP COM 031897101 3131 75000 SH DEFINED 0124 75000
AMP COM 031897101 3131 75000 SH DEFINED 0125 75000
AMP COM 031897101 2647 63400 SH DEFINED 0102 63400
AMP COM 031897101 18788 450000 SH DEFINED 0131 450000
AMP COM 031897101 2468 59096 SH DEFINED 0103 59096
AMP COM 031897101 2296 55000 SH DEFINED 01 55000
AMOCO CORP COM 031905102 41295 475000 SH DEFINED 0113 475000
AMOCO CORP COM 031905102 15214 175000 SH DEFINED 0124 175000
AMOCO CORP COM 031905102 18170 209000 SH DEFINED 0125 209000
AMOCO CORP COM 031905102 16083 185000 SH DEFINED 0107 185000
AMOCO CORP COM 031905102 74670 858868 SH DEFINED 0102 858868
AMOCO CORP COM 031905102 28255 325000 SH DEFINED 0131 325000
AMOCO CORP COM 031905102 8287 95322 SH DEFINED 0103 95322
AMOCO CORP COM 031905102 3043 35000 SH DEFINED 01 35000
AMSN HOLDINGS COM 03216N103 2319 175000 SH DEFINED 0106 175000
ANADARKO PETRO CORP COM 032511107 12000 200000 SH DEFINED 011516 200000
ANADARKO PETRO CORP COM 032511107 13500 225000 SH DEFINED 011618 225000
ANALOG DEVICES COM 032654105 39844 1500000 SH DEFINED 011516 1500000
ANALOG DEVICES COM 032654105 21250 800000 SH DEFINED 011618 800000
ANALOG DEVICES COM 032654105 2656 100000 SH DEFINED 011620 100000
ANALOG DEVICES COM 032654105 13281 500000 SH DEFINED 011614 500000
ANALOG DEVICES COM 032654105 641 24149 SH DEFINED 0102 24149
ANALOG DEVICES COM 032654105 10049 378300 SH DEFINED 0131 378300
ANALOG DEVICES COM 032654105 583 21966 SH DEFINED 0103 21966
ANDREW CORP COM 034425108 15188 540000 SH DEFINED 0126 540000
ANDREW CORP COM 034425108 45000 1600000 SH DEFINED 0111 1600000
ANDREW CORP COM 034425108 4593 163300 SH DEFINED 011622 163300
ANDREW CORP COM 034425108 10053 357425 SH DEFINED 011623 357425
ANDREW CORP COM 034425108 303 10800 SH DEFINED 0102 10800
ANDREW CORP COM 034425108 401 14243 SH DEFINED 0103 14243
ANDREW CORP COM 034425108 2461 87500 SH DEFINED 01 87500
ANHEUSER BUSCH CO COM 035229103 29356 700000 SH DEFINED 0130 700000
ANHEUSER BUSCH CO COM 035229103 7968 190000 SH DEFINED 0108 190000
ANHEUSER BUSCH CO COM 035229103 113231 2700000 SH DEFINED 0126 2700000
ANHEUSER BUSCH CO COM 035229103 39841 950000 SH DEFINED 0113 950000
ANHEUSER BUSCH CO COM 035229103 15525 370200 SH DEFINED 0124 370200
ANHEUSER BUSCH CO COM 035229103 12506 298200 SH DEFINED 0125 298200
ANHEUSER BUSCH CO COM 035229103 20130 480000 SH DEFINED 0107 480000
ANHEUSER BUSCH CO COM 035229103 46131 1100000 SH DEFINED 011516 1100000
ANHEUSER BUSCH CO COM 035229103 10484 250000 SH DEFINED 011618 250000
ANHEUSER BUSCH CO COM 035229103 35732 851988 SH DEFINED 0102 851988
ANHEUSER BUSCH CO COM 035229103 28308 675000 SH DEFINED 0131 675000
ANHEUSER BUSCH CO COM 035229103 6403 152684 SH DEFINED 0103 152684
ANNTAYLOR STORES COR COM 036115103 6825 350000 SH DEFINED 011614 350000
ANNTAYLOR STORES COR COM 036115103 990 50669 SH DEFINED 0102 50669
ANNTAYLOR STORES COR COM 036115103 2804 143800 SH DEFINED 0131 143800
ANNTAYLOR STORES COR COM 036115103 486 24922 SH DEFINED 0103 24922
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ANNTAYLOR STORES COR COM 036115103 410 21000 SH DEFINED 01 21000
MOSENEGRO.SPON ADR COM 037376100 6789 160000 SH DEFINED 0124 160000
MOSENEGRO.SPON ADR COM 037376100 15700 370000 SH DEFINED 0112 370000
MOSENEGRO.SPON ADR COM 037376100 23338 550000 SH DEFINED 011617 550000
AON CORP COM 037389103 5322 102850 SH DEFINED 0124 102850
AON CORP COM 037389103 6880 132950 SH DEFINED 0125 132950
AON CORP COM 037389103 463 8950 SH DEFINED 0102 8950
AON CORP COM 037389103 1692 32704 SH DEFINED 0103 32704
APACHE CORP COM 037411105 19500 600000 SH DEFINED 011618 600000
APAM HIGH PERF CAP COM 037461993 10000 10000 SH DEFINED 0116 10000
APOGEE ENTERPRISES COM 037598109 10213 475000 SH DEFINED 0106 475000
APOLLO GROUP INC -C COM 037604105 28200 800000 SH DEFINED 0111 800000
APOLLO GROUP INC -C COM 037604105 212 6000 SH DEFINED 0102 6000
APPALACHIAN PWR $100 PREFERRED STOCK 037735834 3139 30000 SH DEFINED 0105 30000
APPALACHIAN PWR $100 PREFERRED STOCK 037735842 996 10000 SH DEFINED 0105 10000
APPLE COMPUTER COM 037833100 277 19450 SH DEFINED 0103 19450
APPLEBEES INTL INC COM 037899101 21978 821690 SH DEFINED 0102 821690
APPLEBEES INTL INC COM 037899101 10130 378700 SH DEFINED 0131 378700
APPLEBEES INTL INC COM 037899101 802 29960 SH DEFINED 0103 29960
APPLIED MATERIALS COM 038222105 84975 1200000 SH DEFINED 0111 1200000
APPLIED MATERIALS COM 038222105 6925 97800 SH DEFINED 011622 97800
APPLIED MATERIALS COM 038222105 15409 217600 SH DEFINED 011623 217600
APPLIED MATERIALS COM 038222105 12959 183000 SH DEFINED 011614 183000
APPLIED MATERIALS COM 038222105 1654 23350 SH DEFINED 0102 23350
APPLIED MATERIALS COM 038222105 2001 28254 SH DEFINED 0103 28254
APPLIED MATERIALS COM 038222105 5169 73000 SH DEFINED 01 73000
APTARGROUP INC COM 038336103 2715 60000 SH DEFINED 0128 60000
ARBOR DRUGS INC COM 038760104 20729 1030000 SH DEFINED 011516 1030000
ARCHER DANIELS MDLND COM 039483102 1994 84830 SH DEFINED 0103 84830
ARENA BRANDS HLD CRP COM 039888995 2389 111111 SH DEFINED 0109 111111
ARIZONA PUB SVC $100 PREFERRED STOCK 040555815 9780 91034 SH DEFINED 0105 91034
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 3429 38100 SH DEFINED 01 38100
ARKANSAS BEST CORP COM 040790107 1825 200000 SH DEFINED 011619 200000
ARMCO INC COM 042170100 164 42207 SH DEFINED 0103 42207
ARMSTRONG WORLD IND COM 042476101 473 6442 SH DEFINED 0103 6442
ARTERIAL VASCULAR EN COM 043013101 5955 185000 SH DEFINED 011614 185000
ASARCO INC COM 043413103 207 6769 SH DEFINED 0103 6769
ASCEND COMM COM 043491109 13781 350000 SH DEFINED 011619 350000
ASCEND COMM COM 043491109 14149 359300 SH DEFINED 0102 359300
ASCEND COMM COM 043491109 17392 441700 SH DEFINED 0131 441700
ASCEND COMM COM 043491109 1195 30350 SH DEFINED 0103 30350
ASCEND COMM COM 043491109 2244 57000 SH DEFINED 01 57000
ASHANTI GOLDFLDS-GDR COM 043743202 2338 200000 SH DEFINED 0127 200000
ASHLAND INC COM 044204105 539 11628 SH DEFINED 0103 11628
ASSOC FIRST CORP COM 046008108 11100 200000 SH DEFINED 0126 200000
ASSOC FIRST CORP COM 046008108 5550 100000 SH DEFINED 011622 100000
ASSOC FIRST CORP COM 046008108 11100 200000 SH DEFINED 011623 200000
ASSOC FIRST CORP COM 046008108 27750 500000 SH DEFINED 011516 500000
ASSOC FIRST CORP COM 046008108 11378 205000 SH DEFINED 011614 205000
ASSOC FIRST CORP COM 046008108 4690 84500 SH DEFINED 01 84500
<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ATLANTIC RICHFIELD COM 048825103 37013 525000 SH DEFINED 0113 525000
ATLANTIC RICHFIELD COM 048825103 16920 240000 SH DEFINED 0107 240000
ATLANTIC RICHFIELD COM 048825103 27848 395000 SH DEFINED 0131 395000
ATLANTIC RICHFIELD COM 048825103 4717 66908 SH DEFINED 0103 66908
ATWOOD OCENAICS COM 050095108 6700 100000 SH DEFINED 0106 100000
AUSTRALIS HLDING WTS COM 05258A113 0 13400 SH DEFINED 0109 13400
AUTO DESK COM 052769106 5402 141000 SH DEFINED 011614 141000
AUTO DESK COM 052769106 288 7520 SH DEFINED 0103 7520
AUTOMATIC DATA PROC. COM 053015103 10434 222000 SH DEFINED 011614 222000
AUTOMATIC DATA PROC. COM 053015103 24 501 SH DEFINED 0102 501
AUTOMATIC DATA PROC. COM 053015103 2146 45653 SH DEFINED 0103 45653
AUTOZONE COM 053332102 4477 190000 SH DEFINED 0124 190000
AUTOZONE COM 053332102 3275 139000 SH DEFINED 0125 139000
AUTOZONE COM 053332102 29453 1250000 SH DEFINED 011516 1250000
AUTOZONE COM 053332102 78439 3329067 SH DEFINED 0102 3329067
AUTOZONE COM 053332102 7069 300000 SH DEFINED 0131 300000
AUTOZONE COM 053332102 1737 73688 SH DEFINED 0103 73688
AUTOZONE COM 053332102 11486 487500 SH DEFINED 01 487500
AVERY DENNISON CORP COM 053611109 652 16259 SH DEFINED 0103 16259
AVID TECH COM 05367P100 3693 140000 SH DEFINED 011619 140000
AVON PRODUCTS COM 054303102 11290 160000 SH DEFINED 0108 160000
AVON PRODUCTS COM 054303102 1466 20782 SH DEFINED 0103 20782
AVON PRODUCTS COM 054303102 10655 151000 SH DEFINED 01 151000
AWARE INC COM 05453N100 218 14800 SH DEFINED 0102 14800
BCE INC COM 05534B109 33600 1200000 SH DEFINED 0132 1200000
BCE INC COM 05534B109 11200 400000 SH DEFINED 0135 400000
BCE INC COM 05534B109 38640 1380000 SH DEFINED 011618 1380000
BJ SERVICES CO COM 055482103 976 18200 SH DEFINED 0102 18200
BMC INDUSTRIES COM 055607105 2980 87000 SH DEFINED 011614 87000
BMC SOFTWARE INC COM 055921100 6202 112000 SH DEFINED 011619 112000
BMC SOFTWARE INC COM 055921100 16613 300000 SH DEFINED 011614 300000
BMC SOFTWARE INC COM 055921100 40417 729900 SH DEFINED 0102 729900
BMC SOFTWARE INC COM 055921100 12116 218800 SH DEFINED 0131 218800
BMC SOFTWARE INC COM 055921100 1265 22840 SH DEFINED 0103 22840
BMC SOFTWARE INC COM 055921100 4845 87500 SH DEFINED 01 87500
BAKER HUGHES COM 057224107 878 22688 SH DEFINED 0103 22688
BALL CORP COM 058498106 145 4815 SH DEFINED 0103 4815
BALTIMORE GAS & ELEC COM 059165100 8006 300000 SH DEFINED 0132 300000
BALTIMORE GAS & ELEC COM 059165100 617 23110 SH DEFINED 0103 23110
BANC ONE CORP COM 059438101 30273 625000 SH DEFINED 0113 625000
BANC ONE CORP COM 059438101 20586 425000 SH DEFINED 0131 425000
BANC ONE CORP COM 059438101 4200 86711 SH DEFINED 0103 86711
BANCO DE GALICIA COM 059538207 2163 82000 SH DEFINED 0112 82000
BANCO DE GALICIA COM 059538207 8572 325000 SH DEFINED 0135 325000
BANCO DE GALICIA COM 059538207 3112 118000 SH DEFINED 011617 118000
BANCO DE GALICIA COM 059538207 7016 266000 SH DEFINED 011614 266000
BANK OF NEW YORK COM 064057102 2662 61189 SH DEFINED 0103 61189
BANKBOSTON CORP COM 06605R106 19097 265000 SH DEFINED 0124 265000
BANKBOSTON CORP COM 06605R106 20523 284800 SH DEFINED 0125 284800
BANKBOSTON CORP COM 06605R106 11890 165000 SH DEFINED 0135 165000
<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BANKBOSTON CORP COM 06605R106 17655 245000 SH DEFINED 0107 245000
BANKBOSTON CORP COM 06605R106 57650 800000 SH DEFINED 011516 800000
BANKBOSTON CORP COM 06605R106 2883 40000 SH DEFINED 011619 40000
BANKBOSTON CORP COM 06605R106 2883 40000 SH DEFINED 011620 40000
BANKBOSTON CORP COM 06605R106 128808 1787435 SH DEFINED 0102 1787435
BANKBOSTON CORP COM 06605R106 4322 59976 SH DEFINED 0103 59976
BANKBOSTON CORP COM 06605R106 4792 66500 SH DEFINED 01 66500
BANK AMERICA CORP COM 066050105 36801 570000 SH DEFINED 0126 570000
BANK AMERICA CORP COM 066050105 9684 150000 SH DEFINED 0124 150000
BANK AMERICA CORP COM 066050105 11298 175000 SH DEFINED 0125 175000
BANK AMERICA CORP COM 066050105 1840 28494 SH DEFINED 0102 28494
BANK AMERICA CORP COM 066050105 7237 112094 SH DEFINED 0103 112094
BANKERS TRUST NY COM 066365107 1110 12761 SH DEFINED 0103 12761
BAR TECH WTS COM 067016113 400 10000 SH DEFINED 0109 10000
BAR TECH WTS COM 067016113 120 3000 SH DEFINED 0124 3000
BAR TECH WTS COM 067016113 180 4500 SH DEFINED 011621 4500
BAR TECH WTS COM 067016113 20 500 SH DEFINED 011620 500
C R BARD INC COM 067383109 324 8921 SH DEFINED 0103 8921
BARNES & NOBLE COM 067774109 7482 174000 SH DEFINED 011614 174000
BARRICK GOLD INC COM 067901108 1100 50000 SH DEFINED 0127 50000
BARRICK GOLD INC COM 067901108 1280 58201 SH DEFINED 0103 58201
BARNETT BKS INC COM 068055102 39375 750000 SH DEFINED 0130 750000
BARNETT BKS INC COM 068055102 8521 162300 SH DEFINED 0108 162300
BARNETT BKS INC COM 068055102 77175 1470000 SH DEFINED 0126 1470000
BARNETT BKS INC COM 068055102 13125 250000 SH DEFINED 0113 250000
BARNETT BKS INC COM 068055102 10500 200000 SH DEFINED 0132 200000
BARNETT BKS INC COM 068055102 17850 340000 SH DEFINED 011614 340000
BARNETT BKS INC COM 068055102 637 12151 SH DEFINED 0102 12151
BARNETT BKS INC COM 068055102 7875 150000 SH DEFINED 0131 150000
BARNETT BKS INC COM 068055102 1998 38056 SH DEFINED 0103 38056
BASSETT FURN IND. COM 070203104 693 24481 SH DEFINED 0102 24481
BATTLE MT GOLD CO COM 071593107 199 35060 SH DEFINED 0103 35060
BAUSCH & LOMB COM 071707103 410 8696 SH DEFINED 0103 8696
BAXTER INTL INC COM 071813109 41800 800000 SH DEFINED 0130 800000
BAXTER INTL INC COM 071813109 10450 200000 SH DEFINED 0108 200000
BAXTER INTL INC COM 071813109 39188 750000 SH DEFINED 0113 750000
BAXTER INTL INC COM 071813109 12279 235000 SH DEFINED 0124 235000
BAXTER INTL INC COM 071813109 13042 249600 SH DEFINED 0125 249600
BAXTER INTL INC COM 071813109 22729 435000 SH DEFINED 0107 435000
BAXTER INTL INC COM 071813109 62700 1200000 SH DEFINED 011516 1200000
BAXTER INTL INC COM 071813109 3031 58000 SH DEFINED 011620 58000
BAXTER INTL INC COM 071813109 193876 3710465 SH DEFINED 0102 3710465
BAXTER INTL INC COM 071813109 31350 600000 SH DEFINED 0131 600000
BAXTER INTL INC COM 071813109 6729 128762 SH DEFINED 0103 128762
BAXTER INTL INC COM 071813109 5748 110000 SH DEFINED 01 110000
BAY NETWORKS INC COM 072510100 14609 550000 SH DEFINED 011614 550000
BAY NETWORKS INC COM 072510100 557 20974 SH DEFINED 0102 20974
BAY NETWORKS INC COM 072510100 819 30824 SH DEFINED 0103 30824
BAY NETWORKS INC COM 072510100 571 21500 SH DEFINED 01 21500
GREAT BAY POWER CORP COM 072728108 0 28 SH DEFINED 011621 28
<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BEA SYSTEMS INC COM 073325102 1825 100000 SH DEFINED 011619 100000
BECKMAN INSTRUMENTS COM 075816108 6031 125000 SH DEFINED 0128 125000
BECKMAN INSTRUMENTS COM 075816108 20506 425000 SH DEFINED 0131 425000
BECKMAN INSTRUMENTS COM 075816108 917 19000 SH DEFINED 0103 19000
BECTON DICKINSON COM 075887109 972 19191 SH DEFINED 0103 19191
BED BATH & BEYOND IN COM 075896100 7138 235000 SH DEFINED 011614 235000
BELDEN INC COM 077459105 8175 240000 SH DEFINED 0128 240000
BELL ATLANTIC COM 077853109 45525 600000 SH DEFINED 0113 600000
BELL ATLANTIC COM 077853109 19348 255000 SH DEFINED 0107 255000
BELL ATLANTIC COM 077853109 34144 450000 SH DEFINED 0131 450000
BELL ATLANTIC COM 077853109 6699 88282 SH DEFINED 0103 88282
BELL SOUTH COM 079860102 32463 700000 SH DEFINED 0130 700000
BELL SOUTH COM 079860102 15536 335000 SH DEFINED 0108 335000
BELL SOUTH COM 079860102 157675 3400000 SH DEFINED 0126 3400000
BELL SOUTH COM 079860102 44056 950000 SH DEFINED 0113 950000
BELL SOUTH COM 079860102 34781 750000 SH DEFINED 0132 750000
BELL SOUTH COM 079860102 12058 260000 SH DEFINED 0124 260000
BELL SOUTH COM 079860102 11900 256600 SH DEFINED 0125 256600
BELL SOUTH COM 079860102 22724 490000 SH DEFINED 0107 490000
BELL SOUTH COM 079860102 3710 80000 SH DEFINED 011620 80000
BELL SOUTH COM 079860102 33137 714570 SH DEFINED 0102 714570
BELL SOUTH COM 079860102 30144 650000 SH DEFINED 0131 650000
BELL SOUTH COM 079860102 10079 217343 SH DEFINED 0103 217343
BELL SOUTH COM 079860102 12407 267530 SH DEFINED 01 267530
A.H. BELO SER A COM 080555105 9366 225000 SH DEFINED 0108 225000
A.H. BELO SER A COM 080555105 16234 390000 SH DEFINED 0126 390000
A.H. BELO SER A COM 080555105 24850 596975 SH DEFINED 0102 596975
A.H. BELO SER A COM 080555105 411 9875 SH DEFINED 0103 9875
BEMIS CO. COM 081437105 8868 204450 SH DEFINED 0124 204450
BEMIS CO. COM 081437105 9655 222600 SH DEFINED 0125 222600
BEMIS CO. COM 081437105 3036 70000 SH DEFINED 011620 70000
BEMIS CO. COM 081437105 7547 174000 SH DEFINED 011614 174000
BEMIS CO. COM 081437105 3856 88900 SH DEFINED 0102 88900
BEMIS CO. COM 081437105 356 8219 SH DEFINED 0103 8219
BENEDEK COM WARRANTS WARRANT 08170W114 140 70000 SH DEFINED 0109 70000
BENEFICIAL CORP COM 081721102 602 8473 SH DEFINED 0103 8473
BEST BUY CO COM 086516101 11647 783000 SH DEFINED 011614 783000
BETHLEHEM STEEL COM 087509105 182 17480 SH DEFINED 0103 17480
BETZ LABORATORIES COM 087779104 14850 225000 SH DEFINED 0108 225000
BETZ LABORATORIES COM 087779104 66000 1000000 SH DEFINED 011516 1000000
BETZ LABORATORIES COM 087779104 3036 46000 SH DEFINED 011619 46000
BETZ LABORATORIES COM 087779104 13200 200000 SH DEFINED 011614 200000
BEVERLY ENTERPRISES COM 087851101 14950 920000 SH DEFINED 011614 920000
BEVERLY ENTERPRISES COM 087851101 685 42162 SH DEFINED 0102 42162
BEVERLY ENTERPRISES COM 087851101 252 15515 SH DEFINED 0103 15515
BEVERLY ENTERPRISES COM 087851101 699 43000 SH DEFINED 01 43000
BIG FLOWER PRESS HLD COM 089160105 8715 420000 SH DEFINED 0135 420000
BIOCHEM PHARMA INC COM 09058T108 6675 300000 SH DEFINED 011619 300000
BIOCHEM PHARMA INC COM 09058T108 3513 157900 SH DEFINED 011614 157900
BIOCHEM PHARMA INC COM 09058T108 201 9000 SH DEFINED 0102 9000
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BIOCHEM PHARMA INC COM 09058T108 8001 359600 SH DEFINED 0131 359600
BIOCHEM PHARMA INC COM 09058T108 396 17800 SH DEFINED 0103 17800
BIOGEN INC COM 090597105 1186 35000 SH DEFINED 0135 35000
BIOGEN INC COM 090597105 5657 167000 SH DEFINED 011619 167000
BIOGEN INC COM 090597105 15244 450000 SH DEFINED 011614 450000
BIOGEN INC COM 090597105 40438 1193685 SH DEFINED 0102 1193685
BIOGEN INC COM 090597105 8936 263800 SH DEFINED 0131 263800
BIOGEN INC COM 090597105 838 24720 SH DEFINED 0103 24720
BIOGEN INC COM 090597105 373 11000 SH DEFINED 01 11000
BIOMET COM 090613100 333 17900 SH DEFINED 0103 17900
BIOVAIL CORP INTERNA COM 09067K106 7547 250000 SH DEFINED 0135 250000
BIRMINGHAM STEEL COR COM 091250100 38 2400 SH DEFINED 0102 2400
BLACK & DECKER COM 091797100 549 14752 SH DEFINED 0103 14752
BLACK HILLS CORP COM 092113109 2850 100000 SH DEFINED 0132 100000
BLOCK H&R INC COM 093671105 523 16229 SH DEFINED 0103 16229
BOEING COM 097023105 42450 800000 SH DEFINED 0130 800000
BOEING COM 097023105 6368 120000 SH DEFINED 0108 120000
BOEING COM 097023105 254700 4800000 SH DEFINED 0126 4800000
BOEING COM 097023105 12424 234132 SH DEFINED 0124 234132
BOEING COM 097023105 13337 251344 SH DEFINED 0125 251344
BOEING COM 097023105 10613 200000 SH DEFINED 0135 200000
BOEING COM 097023105 6368 120000 SH DEFINED 011622 120000
BOEING COM 097023105 9551 180000 SH DEFINED 011623 180000
BOEING COM 097023105 53063 1000000 SH DEFINED 011516 1000000
BOEING COM 097023105 58369 1100000 SH DEFINED 011618 1100000
BOEING COM 097023105 3502 66000 SH DEFINED 011620 66000
BOEING COM 097023105 41114 774723 SH DEFINED 0102 774723
BOEING COM 097023105 7090 133630 SH DEFINED 0103 133630
BOEING COM 097023105 5943 112000 SH DEFINED 01 112000
BOISE CASCADE COM 097383103 270 7632 SH DEFINED 0103 7632
BOSTON SCIENTIFIC COM 101137107 70653 1150000 SH DEFINED 0126 1150000
BOSTON SCIENTIFIC COM 101137107 73725 1200000 SH DEFINED 0111 1200000
BOSTON SCIENTIFIC COM 101137107 5615 91400 SH DEFINED 0124 91400
BOSTON SCIENTIFIC COM 101137107 11059 180000 SH DEFINED 0125 180000
BOSTON SCIENTIFIC COM 101137107 12288 200000 SH DEFINED 0135 200000
BOSTON SCIENTIFIC COM 101137107 7373 120000 SH DEFINED 011622 120000
BOSTON SCIENTIFIC COM 101137107 15974 260000 SH DEFINED 011623 260000
BOSTON SCIENTIFIC COM 101137107 30719 500000 SH DEFINED 011516 500000
BOSTON SCIENTIFIC COM 101137107 29705 483500 SH DEFINED 011618 483500
BOSTON SCIENTIFIC COM 101137107 6144 100000 SH DEFINED 011619 100000
BOSTON SCIENTIFIC COM 101137107 2458 40000 SH DEFINED 011620 40000
BOSTON SCIENTIFIC COM 101137107 99236 1615254 SH DEFINED 0102 1615254
BOSTON SCIENTIFIC COM 101137107 3506 57056 SH DEFINED 0103 57056
BOSTON SCIENTIFIC COM 101137107 6555 106700 SH DEFINED 01 106700
BRADY (WH) CO COM 104674106 5800 200000 SH DEFINED 0128 200000
BREED TECH COM 106702103 536 23300 SH DEFINED 0102 23300
BRIGGS & STRATTON COM 109043109 214 4289 SH DEFINED 0103 4289
BRIGHAM EXPLORATION COM 109178103 1675 200000 SH DEFINED 011619 200000
BRISTOL MYERS SQUIBB COM 110122108 23684 292400 SH DEFINED 0124 292400
BRISTOL MYERS SQUIBB COM 110122108 26811 331000 SH DEFINED 0125 331000
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BRISTOL MYERS SQUIBB COM 110122108 52650 650000 SH DEFINED 011516 650000
BRISTOL MYERS SQUIBB COM 110122108 17820 220000 SH DEFINED 011618 220000
BRISTOL MYERS SQUIBB COM 110122108 41704 514819 SH DEFINED 0102 514819
BRISTOL MYERS SQUIBB COM 110122108 15869 195912 SH DEFINED 0103 195912
BRISTOL MYERS SQUIBB COM 110122108 4739 58500 SH DEFINED 01 58500
BRITISH PETRO ADR COM 110889409 35566 475000 SH DEFINED 0113 475000
BRITISH PETRO ADR COM 110889409 20216 270000 SH DEFINED 0107 270000
BRITISH PETRO ADR COM 110889409 25832 345000 SH DEFINED 0131 345000
BRITISH PETRO ADR COM 110889409 1123 15000 SH DEFINED 0103 15000
BRITISH PETRO ADR COM 110889409 2546 34000 SH DEFINED 01 34000
BRITISH TELECOMM COM 111021408 66825 900000 SH DEFINED 0126 900000
BRITISH TELECOMM COM 111021408 18563 250000 SH DEFINED 0132 250000
BRITISH TELECOMM COM 111021408 21533 290000 SH DEFINED 0107 290000
BRITISH TELECOMM COM 111021408 74 1000 SH DEFINED 011618 1000
BROOKS FIBER PROP COM 114399108 6750 200000 SH DEFINED 0132 200000
BROWN FORMAN CL B COM 115637209 529 10835 SH DEFINED 0103 10835
BROWNING FERRIS IND COM 115885105 1108 33310 SH DEFINED 0103 33310
BROWNING FERRIS35.62 CONV PFD STOCK 115885600 7481 225000 SH DEFINED 0107 225000
BROWNING FERRIS35.62 CONV PFD STOCK 115885600 7282 219000 SH DEFINED 01 219000
BRUNSWICK CORP COM 117043109 481 15383 SH DEFINED 0103 15383
BUDGET GROUP INC COM 119003101 10398 301400 SH DEFINED 011614 301400
BUDGET GROUP INC COM 119003101 612 17750 SH DEFINED 0102 17750
BUDGET GROUP INC COM 119003101 3754 108800 SH DEFINED 0131 108800
BUDGET GROUP INC COM 119003101 516 14950 SH DEFINED 0103 14950
BURLINGTON N SANTA COM 12189T104 4494 50000 SH DEFINED 0124 50000
BURLINGTON N SANTA COM 12189T104 6741 75000 SH DEFINED 0125 75000
BURLINGTON N SANTA COM 12189T104 1798 20000 SH DEFINED 011620 20000
BURLINGTON N SANTA COM 12189T104 72 800 SH DEFINED 0102 800
BURLINGTON N SANTA COM 12189T104 2150 23923 SH DEFINED 0103 23923
BURLINGTON N SANTA COM 12189T104 2741 30500 SH DEFINED 01 30500
BURLINGTON RESOURCES COM 122014103 860 19487 SH DEFINED 0103 19487
CBL & ASSOCIATES COM 124830100 13200 550000 SH DEFINED 0113 550000
CBL & ASSOCIATES COM 124830100 480 20000 SH DEFINED 0103 20000
CBT GROUPS COM 124853102 3156 50000 SH DEFINED 0106 50000
CBT GROUPS COM 124853102 4630 73350 SH DEFINED 011614 73350
CBT GROUPS COM 124853102 357 5650 SH DEFINED 0102 5650
CBT GROUPS COM 124853102 7853 124400 SH DEFINED 0131 124400
CBT GROUPS COM 124853102 451 7150 SH DEFINED 0103 7150
CDI CORP COM 125071100 1017 24400 SH DEFINED 0102 24400
CDW COMPUTER CENTERS COM 125129106 6368 120000 SH DEFINED 0106 120000
CDW COMPUTER CENTERS COM 125129106 5306 100000 SH DEFINED 011619 100000
CDW COMPUTER CENTERS COM 125129106 435 8200 SH DEFINED 0102 8200
CDW COMPUTER CENTERS COM 125129106 6951 131000 SH DEFINED 0131 131000
CDW COMPUTER CENTERS COM 125129106 403 7600 SH DEFINED 0103 7600
CIGNA CORP COM 125509109 2089 11767 SH DEFINED 0103 11767
CKE RESTAURANTS INC. COM 12561E105 8228 260167 SH DEFINED 0103 260167
CMAC INVESTMENT CORP COM 125662106 9550 200000 SH DEFINED 0106 200000
CMS ENERGY CORP COM 125896100 98700 2800000 SH DEFINED 0126 2800000
CMS ENERGY CORP COM 125896100 15863 450000 SH DEFINED 0132 450000
CMS ENERGY CORP COM 125896100 4230 120000 SH DEFINED 011622 120000
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CMS ENERGY CORP COM 125896100 3525 100000 SH DEFINED 011620 100000
CMS ENERGY CORP COM 125896100 7 212 SH DEFINED 0102 212
CMS ENERGY CORP COM 125896100 3032 86000 SH DEFINED 01 86000
CNF TRANSPORTATION COM 12612W104 14513 450000 SH DEFINED 011614 450000
CNF TRANSPORTATION COM 12612W104 288 8900 SH DEFINED 0102 8900
CNF TRANSPORTATION COM 12612W104 4496 139400 SH DEFINED 0131 139400
CNF TRANSPORTATION COM 12612W104 261 8100 SH DEFINED 0103 8100
CNS INC COM 126136100 339 37200 SH DEFINED 0102 37200
CPC INTL COM 126149103 23078 250000 SH DEFINED 0130 250000
CPC INTL COM 126149103 19386 210000 SH DEFINED 0124 210000
CPC INTL COM 126149103 19506 211300 SH DEFINED 0125 211300
CPC INTL COM 126149103 129828 1406409 SH DEFINED 0102 1406409
CPC INTL COM 126149103 23078 250000 SH DEFINED 0131 250000
CPC INTL COM 126149103 5616 60836 SH DEFINED 0103 60836
CPC INTL COM 126149103 4246 46000 SH DEFINED 01 46000
CSX CORP COM 126408103 1881 33893 SH DEFINED 0103 33893
CSX CORP COM 126408103 555 10000 SH DEFINED 01 10000
CUC INT'L INC COM 126545102 36138 1400000 SH DEFINED 0126 1400000
CUC INT'L INC COM 126545102 0 0 SH DEFINED 0124
CUC INT'L INC COM 126545102 16778 650000 SH DEFINED 011618 650000
CUC INT'L INC COM 126545102 27579 1068412 SH DEFINED 0102 1068412
CUC INT'L INC COM 126545102 1864 72265 SH DEFINED 0103 72265
CVS CORP COM 126650100 35875 700000 SH DEFINED 0126 700000
CVS CORP COM 126650100 12813 250000 SH DEFINED 0124 250000
CVS CORP COM 126650100 14606 285000 SH DEFINED 0125 285000
CVS CORP COM 126650100 3075 60000 SH DEFINED 011619 60000
CVS CORP COM 126650100 3331 65000 SH DEFINED 011620 65000
CVS CORP COM 126650100 29644 578339 SH DEFINED 0102 578339
CVS CORP COM 126650100 2367 46185 SH DEFINED 0103 46185
CVS CORP COM 126650100 4408 86000 SH DEFINED 01 86000
CABLEVISION SYS PREFERRED STOCK 12686C869 32902 322572 SH DEFINED 0109 322572
CABLEVISION SYS PREFERRED STOCK 12686C869 577 5658 SH DEFINED 011620 5658
CABLETRON SYSTEMS COM 126920107 690 24358 SH DEFINED 0103 24358
CABLE DESIGN TECH COM 126924109 836 28400 SH DEFINED 0102 28400
CADENCE DESIGN SYS COM 127387108 3685 110000 SH DEFINED 011619 110000
CADENCE DESIGN SYS COM 127387108 709 21150 SH DEFINED 0102 21150
CADENCE DESIGN SYS COM 127387108 11142 332600 SH DEFINED 0131 332600
CADENCE DESIGN SYS COM 127387108 647 19300 SH DEFINED 0103 19300
CADENCE DESIGN SYS COM 127387108 2680 80000 SH DEFINED 01 80000
CALIBER SYSTEM INC COM 129894101 14900 400000 SH DEFINED 0126 400000
CALIBER SYSTEM INC COM 129894101 5029 135000 SH DEFINED 0124 135000
CALIBER SYSTEM INC COM 129894101 4526 121500 SH DEFINED 0125 121500
CALIBER SYSTEM INC COM 129894101 11175 300000 SH DEFINED 011614 300000
CALIBER SYSTEM INC COM 129894101 37159 997570 SH DEFINED 0102 997570
CALIBER SYSTEM INC COM 129894101 2801 75200 SH DEFINED 0131 75200
CALIBER SYSTEM INC COM 129894101 986 26471 SH DEFINED 0103 26471
CALIBER SYSTEM INC COM 129894101 615 16500 SH DEFINED 01 16500
CAMBRDG TECH PRTNS COM 132524109 16000 500000 SH DEFINED 011516 500000
CAMBRDG TECH PRTNS COM 132524109 18914 591070 SH DEFINED 0102 591070
CAMBRDG TECH PRTNS COM 132524109 196 6130 SH DEFINED 0103 6130
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CAMCO COM 132632100 19163 350000 SH DEFINED 0106 350000
CAMCO COM 132632100 6023 110000 SH DEFINED 0135 110000
CAMCO COM 132632100 10950 200000 SH DEFINED 011614 200000
CAMCO COM 132632100 13947 254727 SH DEFINED 0102 254727
CAMCO COM 132632100 2142 39139 SH DEFINED 0103 39139
CAMCO COM 132632100 504 9200 SH DEFINED 01 9200
CAMPBELL RESOURCE WT COM 134422161 33 250000 SH DEFINED 0127 250000
CAMPBELL SOUP COM 134429109 3647 72944 SH DEFINED 0103 72944
CANNONDALE COM 137798104 608 34200 SH DEFINED 0102 34200
CAPITAL ONE FINL COR COM 14040H105 13940 369261 SH DEFINED 0103 369261
CARBIDE GRAPHITE COM 140777103 5439 233900 SH DEFINED 0102 233900
CARBIDE GRAPHITE COM 140777103 93 4000 SH DEFINED 0103 4000
CAPSTAR HOTEL COM 140918103 21120 660000 SH DEFINED 011614 660000
CAPSTAR HOTEL COM 140918103 679 21202 SH DEFINED 0102 21202
CAPSTAR HOTEL COM 140918103 688 21500 SH DEFINED 01 21500
CARDINAL HEALTH COM 14149Y108 97325 1700000 SH DEFINED 0126 1700000
CARDINAL HEALTH COM 14149Y108 13883 242500 SH DEFINED 011618 242500
CARDINAL HEALTH COM 14149Y108 79788 1393625 SH DEFINED 0102 1393625
CARDINAL HEALTH COM 14149Y108 12357 215850 SH DEFINED 0131 215850
CARDINAL HEALTH COM 14149Y108 2298 40150 SH DEFINED 0103 40150
CARIBINER INT'L COM 141888107 86 2650 SH DEFINED 0102 2650
CARIBINER INT'L COM 141888107 2 50 SH DEFINED 0103 50
CARNIVAL CORP COM 143658102 7838 190000 SH DEFINED 0108 190000
CARNIVAL CORP COM 143658102 82500 2000000 SH DEFINED 011516 2000000
CARNIVAL CORP COM 143658102 3094 75000 SH DEFINED 011620 75000
CARNIVAL CORP COM 143658102 9900 240000 SH DEFINED 011614 240000
CARNIVAL CORP COM 143658102 8812 213651 SH DEFINED 0102 213651
CARNIVAL CORP COM 143658102 12033 291700 SH DEFINED 0131 291700
CARNIVAL CORP COM 143658102 697 16900 SH DEFINED 0103 16900
CARNIVAL CORP COM 143658102 6558 159000 SH DEFINED 01 159000
CAROLINA POWER & LT COM 144141108 850 23690 SH DEFINED 0103 23690
CASE CORP COM 14743R103 792 11496 SH DEFINED 0103 11496
CATERPILLAR INC COM 149123101 42950 400000 SH DEFINED 0111 400000
CATERPILLAR INC COM 149123101 8590 80000 SH DEFINED 011622 80000
CATERPILLAR INC COM 149123101 19328 180000 SH DEFINED 011623 180000
CATERPILLAR INC COM 149123101 516 4800 SH DEFINED 0102 4800
CATERPILLAR INC COM 149123101 3216 29948 SH DEFINED 0103 29948
CELCARIBE 144A COM 150898104 1057 528450 SH DEFINED 0104 528450
CELCARIBE 144A COM 150898104 2390 1195110 SH DEFINED 0109 1195110
CELCARIBE 144A COM 150898104 553 276420 SH DEFINED 011621 276420
CELLSTAR COM 150925105 11484 375000 SH DEFINED 011614 375000
CENTEX CORPORATION COM 152312104 186 4569 SH DEFINED 0103 4569
ELECTROBRAS ADR COM 15234Q207 2921 102000 SH DEFINED 0124 102000
ELECTROBRAS ADR COM 15234Q207 7046 246000 SH DEFINED 0112 246000
ELECTROBRAS ADR COM 15234Q207 10482 366000 SH DEFINED 011617 366000
CENTOCOR INC COM 152342101 5747 185000 SH DEFINED 011619 185000
CENTOCOR INC COM 152342101 12425 400000 SH DEFINED 011614 400000
CENTOCOR INC COM 152342101 12298 395944 SH DEFINED 0102 395944
CENTOCOR INC COM 152342101 7846 252600 SH DEFINED 0131 252600
CENTOCOR INC COM 152342101 553 17800 SH DEFINED 0103 17800
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CENTOCOR INC COM 152342101 2578 83000 SH DEFINED 01 83000
CENTRAL & S W COM 152357109 701 32983 SH DEFINED 0103 32983
CENTRAL VT PUB SRV COM 155771108 3919 354267 SH DEFINED 0103 354267
CENTURY TELEPHONE EN COM 156686107 7074 210000 SH DEFINED 0128 210000
CENTURY TELEPHONE EN COM 156686107 5053 150000 SH DEFINED 0132 150000
CERIDIAN CORP COM 15677T106 530 12552 SH DEFINED 0103 12552
CERNER CORP COM 156782104 6384 304000 SH DEFINED 011614 304000
CHAMPION INTL COM 158525105 826 14947 SH DEFINED 0103 14947
CHARTER ONE FINL INC COM 160903100 14008 260000 SH DEFINED 011614 260000
CHARMING SHOPPES COM 161133103 86 16537 SH DEFINED 0103 16537
CHASE MAHATTAN NEW COM 16161A108 6653 68539 SH DEFINED 0103 68539
CHATEAU COMMUNITIES COM 161726104 11450 400000 SH DEFINED 0131 400000
CHATEAU COMMUNITIES COM 161726104 447 15630 SH DEFINED 0103 15630
CHEVRON CORP COM 166751107 42514 575000 SH DEFINED 0113 575000
CHEVRON CORP COM 166751107 15157 205000 SH DEFINED 0107 205000
CHEVRON CORP COM 166751107 29575 400000 SH DEFINED 0131 400000
CHEVRON CORP COM 166751107 8860 119828 SH DEFINED 0103 119828
CHILECTRA ADR 144A COM 168884104 1438 50000 SH DEFINED 0132 50000
CHIQUITA BRANDS INTL COM 170032106 9281 675000 SH DEFINED 011614 675000
CHIREX INC COM 170038103 8313 700000 SH DEFINED 0106 700000
CHRYSLER COM 171196108 45938 1400000 SH DEFINED 0126 1400000
CHRYSLER COM 171196108 11773 358800 SH DEFINED 0124 358800
CHRYSLER COM 171196108 12653 385600 SH DEFINED 0125 385600
CHRYSLER COM 171196108 16570 505000 SH DEFINED 0107 505000
CHRYSLER COM 171196108 38240 1165385 SH DEFINED 0102 1165385
CHRYSLER COM 171196108 5139 156610 SH DEFINED 0103 156610
CHRYSLER COM 171196108 7727 235500 SH DEFINED 01 235500
CHUBB CORP COM 171232101 1820 27210 SH DEFINED 0103 27210
CINCINNATI MILACRON COM 172172108 162 6229 SH DEFINED 0103 6229
CINERGY CORP COM 172474108 8703 250000 SH DEFINED 0132 250000
CINERGY CORP COM 172474108 858 24639 SH DEFINED 0103 24639
CIRCUIT CITY COM 172737108 3556 100000 SH DEFINED 0124 100000
CIRCUIT CITY COM 172737108 4445 125000 SH DEFINED 0125 125000
CIRCUIT CITY COM 172737108 7113 200000 SH DEFINED 0135 200000
CIRCUIT CITY COM 172737108 54588 1535000 SH DEFINED 011516 1535000
CIRCUIT CITY COM 172737108 14225 400000 SH DEFINED 011614 400000
CIRCUIT CITY COM 172737108 41607 1169865 SH DEFINED 0102 1169865
CIRCUIT CITY COM 172737108 1706 47967 SH DEFINED 0103 47967
CIRCUIT CITY COM 172737108 1937 54455 SH DEFINED 01 54455
CISCO SYSTEMS COM 17275R102 9398 140000 SH DEFINED 0108 140000
CISCO SYSTEMS COM 17275R102 255075 3800000 SH DEFINED 0126 3800000
CISCO SYSTEMS COM 17275R102 107400 1600000 SH DEFINED 0111 1600000
CISCO SYSTEMS COM 17275R102 6840 101900 SH DEFINED 0124 101900
CISCO SYSTEMS COM 17275R102 7719 115000 SH DEFINED 0125 115000
CISCO SYSTEMS COM 17275R102 14768 220000 SH DEFINED 011622 220000
CISCO SYSTEMS COM 17275R102 29535 440000 SH DEFINED 011623 440000
CISCO SYSTEMS COM 17275R102 20138 300000 SH DEFINED 011516 300000
CISCO SYSTEMS COM 17275R102 20138 300000 SH DEFINED 011618 300000
CISCO SYSTEMS COM 17275R102 4699 70000 SH DEFINED 011619 70000
CISCO SYSTEMS COM 17275R102 2349 35000 SH DEFINED 011620 35000
<PAGE> PAGE 18
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CISCO SYSTEMS COM 17275R102 15103 225000 SH DEFINED 011614 225000
CISCO SYSTEMS COM 17275R102 244920 3648772 SH DEFINED 0102 3648772
CISCO SYSTEMS COM 17275R102 26293 391700 SH DEFINED 0131 391700
CISCO SYSTEMS COM 17275R102 11596 172753 SH DEFINED 0103 172753
CISCO SYSTEMS COM 17275R102 18085 269410 SH DEFINED 01 269410
CITATION CORP/AL COM 172895104 795 46400 SH DEFINED 0102 46400
CITICORP COM 173034109 361688 3000000 SH DEFINED 0126 3000000
CITICORP COM 173034109 13262 110000 SH DEFINED 0124 110000
CITICORP COM 173034109 12985 107700 SH DEFINED 0125 107700
CITICORP COM 173034109 34963 290000 SH DEFINED 011618 290000
CITICORP COM 173034109 55872 463483 SH DEFINED 0102 463483
CITICORP COM 173034109 10143 84125 SH DEFINED 0103 84125
CITICORP COM 173034109 1567 13000 SH DEFINED 01 13000
CITRIX COM 177376100 4388 100000 SH DEFINED 011619 100000
CLAYTON HOMES INC COM 184190106 20217 1418750 SH DEFINED 011618 1418750
CLAYTON HOMES INC COM 184190106 18091 1269550 SH DEFINED 0102 1269550
CLEAR CHANNEL COMMUN COM 184502102 12682 206000 SH DEFINED 011614 206000
CLEAR CHANNEL COMMUN COM 184502102 65756 1068100 SH DEFINED 0102 1068100
CLEAR CHANNEL COMMUN COM 184502102 14341 232950 SH DEFINED 0131 232950
CLEAR CHANNEL COMMUN COM 184502102 1746 28350 SH DEFINED 0103 28350
CLEARNET COM WARRANT WARRANT 184902112 158 42240 SH DEFINED 0109 42240
CLEARNET COM WARRANT WARRANT 184902112 4 990 SH DEFINED 011620 990
CLOROX CO. COM 189054109 1072 8118 SH DEFINED 0103 8118
COASTAL CORP COM 190441105 13297 250000 SH DEFINED 0132 250000
COASTAL CORP COM 190441105 878 16514 SH DEFINED 0103 16514
COCA-COLA COM 191216100 37125 550000 SH DEFINED 0130 550000
COCA-COLA COM 191216100 7088 105000 SH DEFINED 0108 105000
COCA-COLA COM 191216100 216000 3200000 SH DEFINED 0126 3200000
COCA-COLA COM 191216100 101702 1506700 SH DEFINED 0111 1506700
COCA-COLA COM 191216100 39778 589300 SH DEFINED 0124 589300
COCA-COLA COM 191216100 41648 617000 SH DEFINED 0125 617000
COCA-COLA COM 191216100 13446 199200 SH DEFINED 011622 199200
COCA-COLA COM 191216100 26946 399200 SH DEFINED 011623 399200
COCA-COLA COM 191216100 60750 900000 SH DEFINED 011516 900000
COCA-COLA COM 191216100 45900 680000 SH DEFINED 011618 680000
COCA-COLA COM 191216100 104108 1542301 SH DEFINED 0102 1542301
COCA-COLA COM 191216100 30661 454236 SH DEFINED 0103 454236
COGNOS COM 19244C109 9338 300000 SH DEFINED 011619 300000
COGNOS COM 19244C109 1556 50000 SH DEFINED 011614 50000
COGNIZANT CORP COM 192441103 1079 26639 SH DEFINED 0103 26639
COHO ENERGY INC COM 192481109 531 49900 SH DEFINED 0102 49900
COLGATE-PALMOLIVE COM 194162103 52200 800000 SH DEFINED 0130 800000
COLGATE-PALMOLIVE COM 194162103 3263 50000 SH DEFINED 0124 50000
COLGATE-PALMOLIVE COM 194162103 3106 47600 SH DEFINED 0125 47600
COLGATE-PALMOLIVE COM 194162103 346 5300 SH DEFINED 0102 5300
COLGATE-PALMOLIVE COM 194162103 3453 52913 SH DEFINED 0103 52913
COLUMBIA GAS SYSTEM COM 197648108 564 8646 SH DEFINED 0103 8646
COLUMBIA HEALTHCARE COM 197677107 4119 104784 SH DEFINED 0103 104784
COMAIR HLDGS INC COM 199789108 9029 326100 SH DEFINED 0102 326100
COMAIR HLDGS INC COM 199789108 3475 125500 SH DEFINED 0131 125500
<PAGE> PAGE 19
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
COMAIR HLDGS INC COM 199789108 302 10900 SH DEFINED 0103 10900
COMFORT SYSTEMS USA COM 199908104 2133 136500 SH DEFINED 011614 136500
COMCAST CORP CLA SPL COM 200300200 5130 240000 SH DEFINED 0108 240000
COMCAST CORP CLA SPL COM 200300200 1089 50939 SH DEFINED 0103 50939
COMERICA INC COM 200340107 1146 16846 SH DEFINED 0103 16846
COMERICA FRAP PREFERRED STOCK 200340503 7801 150000 SH DEFINED 0105 150000
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 6496 63068 SH DEFINED 0105 63068
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 3347 32496 SH DEFINED 01 32496
COMMONWEALTH EDISON PREFERRED STOCK 2027953*9 7030 68250 SH DEFINED 0105 68250
COMMONWEALTH EDISON PREFERRED STOCK 202990925 3044 29203 SH DEFINED 01 29203
COMMONWEALTH IND COM 203004106 8659 425000 SH DEFINED 0106 425000
COMM&PWR IND 144A COM 20338A108 525 3500 SH DEFINED 0109 3500
COMPAGNIE GEN WT2001 WARRANT 204378954 135 225000 SH DEFINED 0130 225000
COMPAGNIE GEN WT2001 WARRANT 204378954 30 50000 SH DEFINED 0132 50000
COMPAGNIE GEN WT2001 WARRANT 204378954 36 60000 SH DEFINED 0135 60000
CEMIG ADR COM 204409601 1591 31000 SH DEFINED 0124 31000
CEMIG ADR COM 204409601 3336 65000 SH DEFINED 0112 65000
CEMIG ADR COM 204409601 4824 94000 SH DEFINED 011617 94000
CANTV ADR COM 204421101 647 15000 SH DEFINED 0124 15000
CANTV ADR COM 204421101 1466 34000 SH DEFINED 0112 34000
CANTV ADR COM 204421101 2199 51000 SH DEFINED 011617 51000
COMPANIA DE TELECOMM COM 204449300 1320 40000 SH DEFINED 0124 40000
COMPANIA DE TELECOMM COM 204449300 3300 100000 SH DEFINED 0112 100000
COMPANIA DE TELECOMM COM 204449300 4950 150000 SH DEFINED 011617 150000
COMPAQ COMPUTER CORP COM 204493100 39700 400000 SH DEFINED 0130 400000
COMPAQ COMPUTER CORP COM 204493100 13399 135000 SH DEFINED 0108 135000
COMPAQ COMPUTER CORP COM 204493100 218350 2200000 SH DEFINED 0126 2200000
COMPAQ COMPUTER CORP COM 204493100 99250 1000000 SH DEFINED 0111 1000000
COMPAQ COMPUTER CORP COM 204493100 3732 37600 SH DEFINED 0124 37600
COMPAQ COMPUTER CORP COM 204493100 4248 42800 SH DEFINED 0125 42800
COMPAQ COMPUTER CORP COM 204493100 8933 90000 SH DEFINED 0135 90000
COMPAQ COMPUTER CORP COM 204493100 9925 100000 SH DEFINED 011622 100000
COMPAQ COMPUTER CORP COM 204493100 19850 200000 SH DEFINED 011623 200000
COMPAQ COMPUTER CORP COM 204493100 69475 700000 SH DEFINED 011516 700000
COMPAQ COMPUTER CORP COM 204493100 74438 750000 SH DEFINED 011618 750000
COMPAQ COMPUTER CORP COM 204493100 1985 20000 SH DEFINED 011620 20000
COMPAQ COMPUTER CORP COM 204493100 419908 4230832 SH DEFINED 0102 4230832
COMPAQ COMPUTER CORP COM 204493100 8163 82241 SH DEFINED 0103 82241
COMPAQ COMPUTER CORP COM 204493100 23930 241100 SH DEFINED 01 241100
COMPUTER ASSOC COM 204912109 6126 110000 SH DEFINED 0108 110000
COMPUTER ASSOC COM 204912109 69609 1250000 SH DEFINED 0126 1250000
COMPUTER ASSOC COM 204912109 9216 165500 SH DEFINED 0124 165500
COMPUTER ASSOC COM 204912109 9504 170675 SH DEFINED 0125 170675
COMPUTER ASSOC COM 204912109 36197 650000 SH DEFINED 011618 650000
COMPUTER ASSOC COM 204912109 323837 5815228 SH DEFINED 0102 5815228
COMPUTER ASSOC COM 204912109 6073 109043 SH DEFINED 0103 109043
COMPUTER ASSOC COM 204912109 12527 224950 SH DEFINED 01 224950
COMPUTER SCIENCES COM 205363104 72125 1000000 SH DEFINED 0126 1000000
COMPUTER SCIENCES COM 205363104 161804 2243402 SH DEFINED 0102 2243402
COMPUTER SCIENCES COM 205363104 2143 29717 SH DEFINED 0103 29717
<PAGE> PAGE 20
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CONAGRA COM 205887102 25650 400000 SH DEFINED 0130 400000
CONAGRA COM 205887102 9298 145000 SH DEFINED 0108 145000
CONAGRA COM 205887102 266119 4150000 SH DEFINED 0126 4150000
CONAGRA COM 205887102 3206 50000 SH DEFINED 0124 50000
CONAGRA COM 205887102 3745 58400 SH DEFINED 0125 58400
CONAGRA COM 205887102 51300 800000 SH DEFINED 011516 800000
CONAGRA COM 205887102 17314 270000 SH DEFINED 011618 270000
CONAGRA COM 205887102 22089 344495 SH DEFINED 0102 344495
CONAGRA COM 205887102 3046 47502 SH DEFINED 0103 47502
CONAGRA COM 205887102 8287 129230 SH DEFINED 01 129230
COMPUTER HORIZONS COM 205908106 6627 193500 SH DEFINED 011614 193500
CONCORDIA PAPER COM 206575102 304 90000 SH DEFINED 0128 90000
CONSECO INC COM 208464107 1103 29808 SH DEFINED 0103 29808
CONSOLIDATED EDISON COM 209111103 1081 36727 SH DEFINED 0103 36727
CON EDISON $100 SR J PREFERRED STOCK 209111863 14916 150000 SH DEFINED 0105 150000
CON EDISON $100 SR J PREFERRED STOCK 209111863 2486 25000 SH DEFINED 01 25000
CON EDISON 7.2 SER I PREFERRED STOCK 209111871 3399 32550 SH DEFINED 0105 32550
CON EDISON 7.2 SER I PREFERRED STOCK 209111871 3185 30500 SH DEFINED 01 30500
CONSOLIDATED FREIGHT COM 209232107 10644 650000 SH DEFINED 011614 650000
CONSOLIDATED NAT GAS COM 209615103 799 14841 SH DEFINED 0103 14841
CONSOLIDATED STORES COM 210149100 13327 383500 SH DEFINED 0111 383500
CONSOLIDATED STORES COM 210149100 6516 187500 SH DEFINED 011619 187500
COOPER CAMERON COM 216640102 3740 80000 SH DEFINED 011619 80000
COOPER CAMERON COM 216640102 17765 380000 SH DEFINED 011614 380000
COOPER CAMERON COM 216640102 436 9300 SH DEFINED 0102 9300
COOPER CAMERON COM 216640102 6826 146000 SH DEFINED 0131 146000
COOPER CAMERON COM 216640102 397 8500 SH DEFINED 0103 8500
COOPER INDUSTRIES COM 216669101 919 18479 SH DEFINED 0103 18479
COOPER TIRE & RUBBER COM 216831107 273 12399 SH DEFINED 0103 12399
COORS ADOLPH COM 217016104 158 5933 SH DEFINED 0103 5933
CORESTATES FINANCIAL COM 218695104 1876 34900 SH DEFINED 0103 34900
CORNERSTONE IMAGING COM 21922W100 2 300 SH DEFINED 0102 300
CORNING INC COM 219350105 1984 35661 SH DEFINED 0103 35661
CORPORATE EXPRESS CONV BOND 219888AE4 2241 2500000 PRN DEFINED 0104 2500000
CORRECTIONS CORP COM 220256101 11925 300000 SH DEFINED 011614 300000
PRICE COSTCO COM 22160Q102 19725 600000 SH DEFINED 011614 600000
PRICE COSTCO COM 22160Q102 1079 32828 SH DEFINED 0103 32828
COUNTRYWIDE CREDIT COM 222372104 506 16233 SH DEFINED 0103 16233
CRANE CO. COM 224399105 10871 260000 SH DEFINED 011614 260000
CRANE CO. COM 224399105 303 7248 SH DEFINED 0103 7248
CREDENCE SYSTEMS COR COM 225302108 3742 125000 SH DEFINED 0106 125000
CREDENCE SYSTEMS COR COM 225302108 12334 412000 SH DEFINED 011614 412000
CRESTAR FINANCIAL CO COM 226091106 575 14800 SH DEFINED 0102 14800
CRESTAR FINANCIAL CO COM 226091106 10442 268600 SH DEFINED 0131 268600
CRESTAR FINANCIAL CO COM 226091106 521 13400 SH DEFINED 0103 13400
CROMPTON & KNOWLES COM 227111101 11570 520000 SH DEFINED 011614 520000
CROWN CORK & SEAL COM 228255105 32063 600000 SH DEFINED 0130 600000
CROWN CORK & SEAL COM 228255105 8817 165000 SH DEFINED 0108 165000
CROWN CORK & SEAL COM 228255105 74813 1400000 SH DEFINED 0126 1400000
CROWN CORK & SEAL COM 228255105 9116 170600 SH DEFINED 0124 170600
<PAGE> PAGE 21
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CROWN CORK & SEAL COM 228255105 12152 227400 SH DEFINED 0125 227400
CROWN CORK & SEAL COM 228255105 10688 200000 SH DEFINED 0135 200000
CROWN CORK & SEAL COM 228255105 64125 1200000 SH DEFINED 011516 1200000
CROWN CORK & SEAL COM 228255105 44086 825000 SH DEFINED 011618 825000
CROWN CORK & SEAL COM 228255105 1737 32500 SH DEFINED 011620 32500
CROWN CORK & SEAL COM 228255105 208341 3898790 SH DEFINED 0102 3898790
CROWN CORK & SEAL COM 228255105 3957 74048 SH DEFINED 0103 74048
CROWN CORK & SEAL COM 228255105 18810 352000 SH DEFINED 01 352000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 11363 225000 SH DEFINED 0130 225000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 35350 700000 SH DEFINED 0107 700000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 3535 70000 SH DEFINED 01 70000
CROWN PKG WTS WARRANT 228443115 1 10000 SH DEFINED 0109 10000
CS WIRELESS SYS 144A COM 22942T101 0 3163 SH DEFINED 0109 3163
CS WIRELESS SYS 144A COM 22942T101 0 2255 SH DEFINED 0124 2255
CS WIRELESS SYS 144A COM 22942T101 0 550 SH DEFINED 011618 550
CULLIGAN WATER COM 230029100 5370 120000 SH DEFINED 0108 120000
CULLIGAN WATER COM 230029100 17900 400000 SH DEFINED 0111 400000
CULLIGAN WATER COM 230029100 3580 80000 SH DEFINED 011620 80000
CULLIGAN WATER COM 230029100 48468 1083080 SH DEFINED 0102 1083080
CULLIGAN WATER COM 230029100 25655 573300 SH DEFINED 0131 573300
CULLIGAN WATER COM 230029100 2133 47670 SH DEFINED 0103 47670
CUMMINS ENGINE COM 231021106 11290 160000 SH DEFINED 011614 160000
CUMMINS ENGINE COM 231021106 436 6172 SH DEFINED 0103 6172
CYPRUS AMAX MINERALS COM 232809103 358 14599 SH DEFINED 0103 14599
DQE COM 23329J104 8475 300000 SH DEFINED 0132 300000
DPL INC COM 233293109 17238 700000 SH DEFINED 0132 700000
DPL INC COM 233293109 14529 590000 SH DEFINED 0107 590000
DSC COMMUNICATIONS COM 233311109 12238 550000 SH DEFINED 011614 550000
DSC COMMUNICATIONS COM 233311109 415 18657 SH DEFINED 0102 18657
DSC COMMUNICATIONS COM 233311109 408 18324 SH DEFINED 0103 18324
DSC COMMUNICATIONS COM 233311109 423 19000 SH DEFINED 01 19000
DSP COMMUNICATIONS I COM 23332K106 1777 161500 SH DEFINED 01 161500
DST SYSTEMS COM 233326107 20034 601440 SH DEFINED 0102 601440
DST SYSTEMS COM 233326107 268 8060 SH DEFINED 0103 8060
DT INDUSTRIES INC. COM 23333J108 9831 275000 SH DEFINED 0106 275000
DTE ENERGY COMPANY COM 233331107 18647 675000 SH DEFINED 0113 675000
DTE ENERGY COMPANY COM 233331107 625 22642 SH DEFINED 0103 22642
DAIMLER-BENZ AG ADR COM 233829308 6113 75000 SH DEFINED 0135 75000
DANA CORP COM 235811106 2850 75000 SH DEFINED 0124 75000
DANA CORP COM 235811106 3040 80000 SH DEFINED 0125 80000
DANA CORP COM 235811106 34 900 SH DEFINED 0102 900
DANA CORP COM 235811106 604 15893 SH DEFINED 0103 15893
DANAHER CORP COM 235851102 11433 225000 SH DEFINED 0108 225000
DANAHER CORP COM 235851102 7622 150000 SH DEFINED 0128 150000
DANAHER CORP COM 235851102 3811 75000 SH DEFINED 011620 75000
DANKA BUSINESS SYS P COM 236277109 61313 1500000 SH DEFINED 0111 1500000
DANKA BUSINESS SYS P COM 236277109 6540 160000 SH DEFINED 011622 160000
DANKA BUSINESS SYS P COM 236277109 14306 350000 SH DEFINED 011623 350000
DANKA BUSINESS SYS P COM 236277109 246 6000 SH DEFINED 0102 6000
DARDEN RESTAURANT COM 237194105 186 20500 SH DEFINED 0102 20500
<PAGE> PAGE 22
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DARDEN RESTAURANT COM 237194105 23834 2629965 SH DEFINED 0103 2629965
DATA GENERAL COM 237688106 9100 350000 SH DEFINED 011614 350000
DATA GENERAL COM 237688106 162 6243 SH DEFINED 0103 6243
DAVOX CORP COM 239208101 7865 220000 SH DEFINED 011614 220000
DAYTON HUDSON CORP COM 239753106 6010 113000 SH DEFINED 011614 113000
DAYTON HUDSON CORP COM 239753106 1803 33893 SH DEFINED 0103 33893
DAYTON MINING 144A CONV BOND 239902AB5 1880 2000000 PRN DEFINED 0127 2000000
DEERE & COMPANY COM 244199105 52131 950000 SH DEFINED 0130 950000
DEERE & COMPANY COM 244199105 9054 165000 SH DEFINED 0108 165000
DEERE & COMPANY COM 244199105 285350 5200000 SH DEFINED 0126 5200000
DEERE & COMPANY COM 244199105 65850 1200000 SH DEFINED 0111 1200000
DEERE & COMPANY COM 244199105 12473 227300 SH DEFINED 0124 227300
DEERE & COMPANY COM 244199105 13796 251400 SH DEFINED 0125 251400
DEERE & COMPANY COM 244199105 9384 171000 SH DEFINED 011622 171000
DEERE & COMPANY COM 244199105 16133 294000 SH DEFINED 011623 294000
DEERE & COMPANY COM 244199105 82313 1500000 SH DEFINED 011516 1500000
DEERE & COMPANY COM 244199105 38413 700000 SH DEFINED 011618 700000
DEERE & COMPANY COM 244199105 265553 4839130 SH DEFINED 0102 4839130
DEERE & COMPANY COM 244199105 5149 93840 SH DEFINED 0103 93840
DEERE & COMPANY COM 244199105 16572 302000 SH DEFINED 01 302000
DELL COMPUTER CORP COM 247025109 3758 32000 SH DEFINED 0124 32000
DELL COMPUTER CORP COM 247025109 4744 40400 SH DEFINED 0125 40400
DELL COMPUTER CORP COM 247025109 282 2400 SH DEFINED 0102 2400
DELL COMPUTER CORP COM 247025109 3496 29770 SH DEFINED 0103 29770
DELTA & PINE LAND CO COM 247357106 23752 666733 SH DEFINED 0111 666733
DELTA & PINE LAND CO COM 247357106 5344 150000 SH DEFINED 011619 150000
DELTA & PINE LAND CO COM 247357106 16388 460000 SH DEFINED 011614 460000
DELTA & PINE LAND CO COM 247357106 659 18507 SH DEFINED 0102 18507
DELTA & PINE LAND CO COM 247357106 2873 80666 SH DEFINED 01 80666
DELTA AIR LINES COM 247361108 940 11460 SH DEFINED 0103 11460
DELUXE CORPORATION COM 248019101 23888 700000 SH DEFINED 0131 700000
DELUXE CORPORATION COM 248019101 951 27853 SH DEFINED 0103 27853
DENTSPLY INTERNATL I COM 249030107 4410 90000 SH DEFINED 0128 90000
DENTSPLY INTERNATL I COM 249030107 1132 23100 SH DEFINED 0102 23100
DEPARTMENT 56 COM 249509100 4438 200000 SH DEFINED 0128 200000
DEVELOPERS DIV COM 251591103 13000 325000 SH DEFINED 0113 325000
DEVELOPERS DIV COM 251591103 12000 300000 SH DEFINED 0131 300000
DEVON ENERGY COM 251799102 9188 250000 SH DEFINED 0106 250000
DEVON ENERGY COM 251799102 16358 445185 SH DEFINED 0102 445185
DEVON ENERGY COM 251799102 252 6865 SH DEFINED 0103 6865
DIAL CORP COM 25247D101 3438 220000 SH DEFINED 011620 220000
DIAMOND OFFSHORE DRI COM 25271C102 10513 135000 SH DEFINED 011614 135000
DIGITAL EQUIPMENT COM 253849103 871 24577 SH DEFINED 0103 24577
DILLARDS INC-CL A COM 254067101 615 17770 SH DEFINED 0103 17770
DISNEY WALT CO COM 254687106 22069 275000 SH DEFINED 0130 275000
DISNEY WALT CO COM 254687106 8025 100000 SH DEFINED 0124 100000
DISNEY WALT CO COM 254687106 12439 155000 SH DEFINED 0125 155000
DISNEY WALT CO COM 254687106 14846 185000 SH DEFINED 011618 185000
DISNEY WALT CO COM 254687106 144 1800 SH DEFINED 0102 1800
DISNEY WALT CO COM 254687106 8455 105355 SH DEFINED 0103 105355
<PAGE> PAGE 23
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DODGE & COX STOCK COM 256219106 921 9895 SH DEFINED 0103 9895
DOLLAR GENERAL COM 256669102 5250 140000 SH DEFINED 0108 140000
DOLLAR GENERAL COM 256669102 12764 340375 SH DEFINED 011618 340375
DOLLAR GENERAL COM 256669102 6694 178500 SH DEFINED 011619 178500
DOLLAR GENERAL COM 256669102 2813 75000 SH DEFINED 011620 75000
DOMAIN RESOURCE COM 257027102 8100 600000 SH DEFINED 0106 600000
DOMINICKS SUPERMKTS COM 257159103 6923 260000 SH DEFINED 011619 260000
DOMINION RES INC VA COM 257470104 19228 525000 SH DEFINED 0113 525000
DOMINION RES INC VA COM 257470104 1031 28139 SH DEFINED 0103 28139
DONNELLEY (RR)&SONS COM 257867101 36625 1000000 SH DEFINED 0130 1000000
DONNELLEY (RR)&SONS COM 257867101 865 23612 SH DEFINED 0103 23612
DOVER CORP COM 260003108 160154 2604135 SH DEFINED 0103 2604135
DOW CHEMICAL COM 260543103 43563 500000 SH DEFINED 0113 500000
DOW CHEMICAL COM 260543103 10455 120000 SH DEFINED 0107 120000
DOW CHEMICAL COM 260543103 32672 375000 SH DEFINED 0131 375000
DOW CHEMICAL COM 260543103 4699 53938 SH DEFINED 0103 53938
DOW CHEMICAL COM 260543103 7319 84000 SH DEFINED 01 84000
DOW JONES & CO COM 260561105 607 15113 SH DEFINED 0103 15113
DRESSER INDUSTRIES COM 261597108 14900 400000 SH DEFINED 0135 400000
DRESSER INDUSTRIES COM 261597108 1024 27479 SH DEFINED 0103 27479
DREYFUS MONEY MARKET COM 262904204 4 3943 SH DEFINED 01 3943
E I DUPONT COM 263534109 12575 200000 SH DEFINED 0124 200000
E I DUPONT COM 263534109 14147 225000 SH DEFINED 0125 225000
E I DUPONT COM 263534109 1314 20900 SH DEFINED 0102 20900
E I DUPONT COM 263534109 11444 182012 SH DEFINED 0103 182012
E I DUPONT COM 263534109 3395 54000 SH DEFINED 01 54000
D & P UTLY INCOME FD COM 264324104 4156 475000 SH DEFINED 0128 475000
DUKE ENERGY CORP COM 264399106 19175 400000 SH DEFINED 0132 400000
DUKE ENERGY CORP COM 264399106 15340 320000 SH DEFINED 0107 320000
DUKE ENERGY CORP COM 264399106 407 8500 SH DEFINED 0102 8500
DUKE ENERGY CORP COM 264399106 3689 76963 SH DEFINED 0103 76963
DUKE ENERGY CORP COM 264399106 1438 30000 SH DEFINED 01 30000
DUKE REALTY COM 264411505 5670 140000 SH DEFINED 0107 140000
DUN & BRADSTREET CP COM 264830100 30844 1175000 SH DEFINED 0113 1175000
DUN & BRADSTREET CP COM 264830100 22313 850000 SH DEFINED 0107 850000
DUN & BRADSTREET CP COM 264830100 179 6800 SH DEFINED 0102 6800
DUN & BRADSTREET CP COM 264830100 1810 68939 SH DEFINED 0103 68939
DURA AUTOMOTIVE SYST COM 265903104 6160 220000 SH DEFINED 0128 220000
DURA AUTOMOTIVE SYST COM 265903104 8400 300000 SH DEFINED 0106 300000
DUPONT PHOTO COM 26613X101 1620 30000 SH DEFINED 0128 30000
E G & G INC COM 268457108 168 7459 SH DEFINED 0103 7459
EMC CORPORATION COM 268648102 1496 38352 SH DEFINED 0103 38352
ENSCO INTL INC COM 26874Q100 5275 100000 SH DEFINED 0135 100000
ENSCO INTL INC COM 26874Q100 32441 615000 SH DEFINED 011618 615000
ENSCO INTL INC COM 26874Q100 37156 704400 SH DEFINED 0102 704400
ENSCO INTL INC COM 26874Q100 501 9500 SH DEFINED 0103 9500
ENI ADS COM 26874R108 8531 150000 SH DEFINED 0132 150000
EVI INC COM 268939105 8400 200000 SH DEFINED 011614 200000
E TRADE COM 269246104 1276 65000 SH DEFINED 0128 65000
EASTERN ENTERPRISES COM 27637F100 110 3171 SH DEFINED 0103 3171
<PAGE> PAGE 24
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
EASTMAN CHEMICAL CO COM 277432100 772 12150 SH DEFINED 0103 12150
EASTMAN KODAK COM 277461109 23025 300000 SH DEFINED 0113 300000
EASTMAN KODAK COM 277461109 17269 225000 SH DEFINED 0131 225000
EASTMAN KODAK COM 277461109 4680 60980 SH DEFINED 0103 60980
EATON CORP COM 278058102 33720 386200 SH DEFINED 0130 386200
EATON CORP COM 278058102 1053 12057 SH DEFINED 0103 12057
ECHLIN INC COM 278749106 32 900 SH DEFINED 0102 900
ECHLIN INC COM 278749106 351 9737 SH DEFINED 0103 9737
ECHO BAY MINES LTD COM 278751102 122 21767 SH DEFINED 0103 21767
ECOLAB, INC. COM 278865100 8977 188000 SH DEFINED 0128 188000
ECOLAB, INC. COM 278865100 16235 340000 SH DEFINED 011614 340000
ECOLAB, INC. COM 278865100 1593 33356 SH DEFINED 0102 33356
ECOLAB, INC. COM 278865100 15165 317600 SH DEFINED 0131 317600
ECOLAB, INC. COM 278865100 1278 26760 SH DEFINED 0103 26760
ECOLAB, INC. COM 278865100 764 16000 SH DEFINED 01 16000
E.C. SOFT GROUP PLC COM 279240105 2030 145000 SH DEFINED 0106 145000
EDISON INTL COM 281020107 13681 550000 SH DEFINED 0132 550000
EDISON INTL COM 281020107 1681 67594 SH DEFINED 0103 67594
JR CIGAR COM 282491109 2075 100000 SH DEFINED 0106 100000
JR CIGAR COM 282491109 2075 100000 SH DEFINED 011614 100000
EL PASO NATURAL GAS COM 283695872 44000 800000 SH DEFINED 0126 800000
EL PASO NATURAL GAS COM 283695872 8250 150000 SH DEFINED 0132 150000
EL PASO NATURAL GAS COM 283695872 3575 65000 SH DEFINED 011620 65000
ELAN CORP PLC ADR COM 284131208 24888 550000 SH DEFINED 0126 550000
ELAN CORP PLC ADR COM 284131208 13860 306300 SH DEFINED 011618 306300
ELAN CORP PLC ADR COM 284131208 4235 93600 SH DEFINED 011614 93600
ELAN CORP PLC ADR COM 284131208 325 7200 SH DEFINED 0102 7200
ELAN CORP PLC ADR COM 284131208 2430 53700 SH DEFINED 0131 53700
ELAN CORP PLC ADR COM 284131208 140 3100 SH DEFINED 0103 3100
ELAN CORP PLC ADR COM 284131208 588 13000 SH DEFINED 01 13000
ELECTRONIC ARTS INC COM 285512109 3026 90000 SH DEFINED 011620 90000
ELECTRONIC IMAGING COM 286082102 1357 28700 SH DEFINED 0102 28700
ELECTRONIC IMAGING COM 286082102 2944 62300 SH DEFINED 0131 62300
ELECTRONIC IMAGING COM 286082102 189 4000 SH DEFINED 0103 4000
ELF AQUITAINE ADR COM 286269105 27219 500000 SH DEFINED 0130 500000
ELTRON INTERNATIONAL COM 290382100 625 21000 SH DEFINED 0102 21000
EMBOTELLADORA ANDINA COM 29081P204 5574 260000 SH DEFINED 0135 260000
EMBOTELLADORA ANDINA COM 29081P204 0 1 SH DEFINED 0102 1
EMBOTELLADORA ANDINA COM 29081P303 2923 140000 SH DEFINED 0135 140000
EMBOTELLADORA ANDINA COM 29081P303 0 1 SH DEFINED 0102 1
EMERSON ELECTRIC COM 291011104 22025 400000 SH DEFINED 0130 400000
EMERSON ELECTRIC COM 291011104 10462 190000 SH DEFINED 0108 190000
EMERSON ELECTRIC COM 291011104 209238 3800000 SH DEFINED 0126 3800000
EMERSON ELECTRIC COM 291011104 46803 850000 SH DEFINED 0113 850000
EMERSON ELECTRIC COM 291011104 19966 362600 SH DEFINED 0124 362600
EMERSON ELECTRIC COM 291011104 21794 395800 SH DEFINED 0125 395800
EMERSON ELECTRIC COM 291011104 66075 1200000 SH DEFINED 011516 1200000
EMERSON ELECTRIC COM 291011104 27531 500000 SH DEFINED 011618 500000
EMERSON ELECTRIC COM 291011104 6608 120000 SH DEFINED 011620 120000
EMERSON ELECTRIC COM 291011104 219023 3977640 SH DEFINED 0102 3977640
<PAGE> PAGE 25
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
EMERSON ELECTRIC COM 291011104 33038 600000 SH DEFINED 0131 600000
EMERSON ELECTRIC COM 291011104 8999 163429 SH DEFINED 0103 163429
EMERSON ELECTRIC COM 291011104 10022 182000 SH DEFINED 01 182000
SBH EMERSON5%2/27/97 CONV PFD STOCK 291011997 32869 615380 SH DEFINED 0130 615380
SBH EMERSON5%2/27/97 CONV PFD STOCK 291011997 18144 339700 SH DEFINED 0107 339700
EMISPERE COM 291345106 7031 316000 SH DEFINED 011614 316000
EMPIRE DISTRICT ELEC COM 291641108 9196 531173 SH DEFINED 0103 531173
EMPRESAS ICA S COM 292448107 3213 200000 SH DEFINED 0128 200000
EMPRESAS ICA S COM 292448107 8031 500000 SH DEFINED 0135 500000
ENGELHARD CORP COM 292845104 3141 150000 SH DEFINED 0124 150000
ENGELHARD CORP COM 292845104 3511 167700 SH DEFINED 0125 167700
ENGELHARD CORP COM 292845104 409 19500 SH DEFINED 0102 19500
ENGELHARD CORP COM 292845104 1148 54849 SH DEFINED 0103 54849
ENRON CORP COM 293561106 19386 475000 SH DEFINED 0107 475000
ENRON CORP COM 293561106 208 5100 SH DEFINED 0102 5100
ENRON CORP COM 293561106 1623 39766 SH DEFINED 0103 39766
ENRON CORP COM 293561106 755 18500 SH DEFINED 01 18500
ENRON OIL & GAS CO COM 293562104 28511 1573031 SH DEFINED 0102 1573031
ENRON OIL & GAS CO COM 293562104 5914 326300 SH DEFINED 0131 326300
ENRON OIL & GAS CO COM 293562104 794 43855 SH DEFINED 0103 43855
ENSERCH CORP COM 293567103 243 10933 SH DEFINED 0103 10933
ENTERGY ARKANSAS $25 PREFERRED STOCK 29364D878 2048 77285 SH DEFINED 0105 77285
ENTERGY CORP COM 29364G103 27375 1000000 SH DEFINED 0113 1000000
ENTERGY CORP COM 29364G103 19847 725000 SH DEFINED 0131 725000
ENTERGY CORP COM 29364G103 1865 68113 SH DEFINED 0103 68113
ENTERGY LA INC PFD PREFERRED STOCK 29364M878 7298 70000 SH DEFINED 0105 70000
ENTERGY LA INC PFD PREFERRED STOCK 29364M878 2085 20000 SH DEFINED 01 20000
ENTERGY LA $100 PREFERRED STOCK 29364M886 8175 80000 SH DEFINED 0105 80000
ENVOY CORP COM 293982104 10806 325000 SH DEFINED 0106 325000
ENVOY CORP COM 293982104 7980 240000 SH DEFINED 011619 240000
EPIC VS LARGE CO COM 294299995 539 31250 SH DEFINED 0102 31250
EQUIFAX INC COM 294429105 14875 400000 SH DEFINED 011614 400000
EQUIFAX INC COM 294429105 795 21376 SH DEFINED 0102 21376
EQUIFAX INC COM 294429105 874 23500 SH DEFINED 0103 23500
EQUIFAX INC COM 294429105 800 21500 SH DEFINED 01 21500
EQUITABLE COS INC COM 29444G107 1 22 SH DEFINED 0116 22
EQUITABLE OF IOWA CO COM 294510300 12320 220000 SH DEFINED 011614 220000
EQUITY CORP INT'L COM 294644109 7861 325000 SH DEFINED 0106 325000
EQUITY CORP INT'L COM 294644109 4233 175000 SH DEFINED 011619 175000
EQUITY CORP INT'L COM 294644109 12094 500000 SH DEFINED 011614 500000
EQUITY RESIDENTIAL COM 29476L107 4988 105000 SH DEFINED 0107 105000
ERICSSON LM 'B' ADR COM 294821400 169313 4300000 SH DEFINED 0126 4300000
ERICSSON LM 'B' ADR COM 294821400 59063 1500000 SH DEFINED 0111 1500000
ERICSSON LM 'B' ADR COM 294821400 11813 300000 SH DEFINED 0132 300000
ERICSSON LM 'B' ADR COM 294821400 7875 200000 SH DEFINED 0135 200000
ERICSSON LM 'B' ADR COM 294821400 9844 250000 SH DEFINED 011622 250000
ERICSSON LM 'B' ADR COM 294821400 23625 600000 SH DEFINED 011623 600000
ERICSSON LM 'B' ADR COM 294821400 46266 1175000 SH DEFINED 011618 1175000
ERICSSON LM 'B' ADR COM 294821400 3150 80000 SH DEFINED 011620 80000
ERICSSON LM 'B' ADR COM 294821400 28152 714904 SH DEFINED 0102 714904
<PAGE> PAGE 26
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ERICSSON LM 'B' ADR COM 294821400 595 15100 SH DEFINED 0103 15100
ERICSSON LM 'B' ADR COM 294821400 13427 341000 SH DEFINED 01 341000
ERICSSON LM ADR'S COM 294821509 39375 7000000 SH DEFINED 0130 7000000
ETHAN ALLEN COM 297602104 14364 252000 SH DEFINED 0111 252000
EVERGREEN * COM 300248101 8925 200000 SH DEFINED 011614 200000
EVERGREEN * COM 300248101 788 17650 SH DEFINED 0102 17650
EVERGREEN * COM 300248101 12223 273900 SH DEFINED 0131 273900
EVERGREEN * COM 300248101 723 16200 SH DEFINED 0103 16200
EVERGREEN MEDIA 144A CONV PFD STOCK 300248408 2738 50000 SH DEFINED 0104 50000
EVERGREEN MEDIA 144A CONV PFD STOCK 300248408 1369 25000 SH DEFINED 011621 25000
EXECUTIVE RISK COM 301586103 6755 129900 SH DEFINED 0128 129900
EXPEDITORS INTL WASH COM 302130109 7009 247000 SH DEFINED 011614 247000
EXPRESS SCRIPT COM 302182100 8350 200000 SH DEFINED 0106 200000
EXPRESS SCRIPT COM 302182100 292 7001 SH DEFINED 0102 7001
EXTENDED STAY AMERIC COM 30224P101 29925 1900000 SH DEFINED 011618 1900000
EXXON COM 302290101 123000 2000000 SH DEFINED 0126 2000000
EXXON COM 302290101 64575 1050000 SH DEFINED 011516 1050000
EXXON COM 302290101 23828 387444 SH DEFINED 0103 387444
EYE CARE CTR WTS'03 WARRANT 302294137 12 3000 SH DEFINED 011621 3000
F & M BANCORPORATION COM 302371109 2016 50391 SH DEFINED 0128 50391
FMC CORP COM 302491303 462 5818 SH DEFINED 0103 5818
FPA CAPITAL COM 302539101 7463 217387 SH DEFINED 0103 217387
FPA MEDICAL MGMT INC COM 302543103 7580 320000 SH DEFINED 011619 320000
FPA MEDICAL MGMT INC COM 302543103 9995 421950 SH DEFINED 0102 421950
FPA MEDICAL MGMT INC COM 302543103 8876 374700 SH DEFINED 0131 374700
FPA MEDICAL MGMT INC COM 302543103 616 26000 SH DEFINED 0103 26000
FPL GROUP INC. COM 302571104 27638 600000 SH DEFINED 0130 600000
FPL GROUP INC. COM 302571104 16122 350000 SH DEFINED 0132 350000
FPL GROUP INC. COM 302571104 13358 290000 SH DEFINED 0107 290000
FPL GROUP INC. COM 302571104 925 20100 SH DEFINED 0102 20100
FPL GROUP INC. COM 302571104 2154 46768 SH DEFINED 0103 46768
FALCON DRILLING COM 305914103 9796 170000 SH DEFINED 011614 170000
FALCON DRILLING COM 305914103 835 14500 SH DEFINED 0102 14500
FAMILY DLR STORES COM 307000109 4905 180000 SH DEFINED 011619 180000
FAMILY DLR STORES COM 307000109 19075 700000 SH DEFINED 011614 700000
FAMILY DLR STORES COM 307000109 1033 37925 SH DEFINED 0102 37925
FAMILY DLR STORES COM 307000109 995 36500 SH DEFINED 01 36500
FEDERAL EXPRESS COM 313309106 1031 17849 SH DEFINED 0103 17849
FED HOME LOAN MTG CP COM 313400301 3837 111615 SH DEFINED 0103 111615
FEDERAL NATL MTGE COM 313586109 21376 490000 SH DEFINED 011618 490000
FEDERAL NATL MTGE COM 313586109 3950 90530 SH DEFINED 0102 90530
FEDERAL NATL MTGE COM 313586109 7210 165282 SH DEFINED 0103 165282
FEDERATED DEPT CONV BOND 31410HAE1 5981 5000000 PRN DEFINED 0130 5000000
FEDERATED DPT STORES COM 31410H101 17375 500000 SH DEFINED 0130 500000
FEDERATED DPT STORES COM 31410H101 11468 330000 SH DEFINED 0108 330000
FEDERATED DPT STORES COM 31410H101 52125 1500000 SH DEFINED 011516 1500000
FEDERATED DPT STORES COM 31410H101 1127 32437 SH DEFINED 0103 32437
FEDERATED DPT STORES COM 31410H101 5230 150500 SH DEFINED 01 150500
FELCOR HOTEL COM 314305103 11175 300000 SH DEFINED 0113 300000
FELCOR HOTEL COM 314305103 20488 550000 SH DEFINED 0106 550000
<PAGE> PAGE 27
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
FELCOR HOTEL COM 314305103 7450 200000 SH DEFINED 0107 200000
FIDELITY MAGELLAN FD COM 316184100 215 2358 SH DEFINED 0103 2358
FIDELITY MAGELLAN FD COM 316184100 6 64 SH DEFINED 01 64
FIDELITY LOW STOCK COM 316345305 912 38065 SH DEFINED 0103 38065
FIFTH THIRD BANCORP COM 316773100 1363 16611 SH DEFINED 0103 16611
FILENES BASEMENT COM 316866102 5207 786000 SH DEFINED 011614 786000
FINOVA GROUP INC. COM 317928109 19125 250000 SH DEFINED 0106 250000
FINOVA GROUP INC. COM 317928109 20322 265650 SH DEFINED 0102 265650
FINOVA GROUP INC. COM 317928109 11238 146900 SH DEFINED 0131 146900
FINOVA GROUP INC. COM 317928109 918 12000 SH DEFINED 0103 12000
FINOVA GRP CVT PFD CONV PFD STOCK 31808E207 11500 200000 SH DEFINED 0130 200000
FIRST AMERICAN PRIME COM 318901998 0 1 SH DEFINED 0102 1
FIRST BANK SYSTEM COM 319279105 255 3000 SH DEFINED 0102 3000
FIRST BANK SYSTEM COM 319279105 1796 21040 SH DEFINED 0103 21040
FIRST CHICAGO NBD COM 31945A100 3 50 SH DEFINED 011623 50
FIRST CHICAGO NBD COM 31945A100 12 200 SH DEFINED 0102 200
FIRST CHICAGO NBD COM 31945A100 3013 49803 SH DEFINED 0103 49803
FIRST DATA CORP COM 319963104 8836 201100 SH DEFINED 0108 201100
FIRST DATA CORP COM 319963104 74694 1700000 SH DEFINED 0126 1700000
FIRST DATA CORP COM 319963104 68926 1568720 SH DEFINED 0111 1568720
FIRST DATA CORP COM 319963104 15378 350000 SH DEFINED 0124 350000
FIRST DATA CORP COM 319963104 14390 327500 SH DEFINED 0125 327500
FIRST DATA CORP COM 319963104 12083 275000 SH DEFINED 0135 275000
FIRST DATA CORP COM 319963104 6611 150456 SH DEFINED 011622 150456
FIRST DATA CORP COM 319963104 15228 346588 SH DEFINED 011623 346588
FIRST DATA CORP COM 319963104 30756 700000 SH DEFINED 011516 700000
FIRST DATA CORP COM 319963104 32514 740000 SH DEFINED 011618 740000
FIRST DATA CORP COM 319963104 2636 60000 SH DEFINED 011620 60000
FIRST DATA CORP COM 319963104 71724 1632303 SH DEFINED 0102 1632303
FIRST DATA CORP COM 319963104 3548 80760 SH DEFINED 0103 80760
1ST USA PAYMENTECH COM 336912100 10472 361900 SH DEFINED 011618 361900
FIRST UNION CORP COM 337358105 37000 400000 SH DEFINED 0130 400000
FIRST UNION CORP COM 337358105 10638 115000 SH DEFINED 0108 115000
FIRST UNION CORP COM 337358105 37000 400000 SH DEFINED 0113 400000
FIRST UNION CORP COM 337358105 8137 87964 SH DEFINED 0124 87964
FIRST UNION CORP COM 337358105 8482 91700 SH DEFINED 0125 91700
FIRST UNION CORP COM 337358105 25900 280000 SH DEFINED 0107 280000
FIRST UNION CORP COM 337358105 1850 20000 SH DEFINED 011620 20000
FIRST UNION CORP COM 337358105 948 10230 SH DEFINED 0102 10230
FIRST UNION CORP COM 337358105 26363 285000 SH DEFINED 0131 285000
FIRST UNION CORP COM 337358105 6068 65593 SH DEFINED 0103 65593
FIRST VIRGINIA BANK COM 337477103 9771 162000 SH DEFINED 0128 162000
FIRST VIRTUAL INC COM 337486104 700 100000 SH DEFINED 0111 100000
FISERV INC COM 337738108 21197 475000 SH DEFINED 0106 475000
FISERV INC COM 337738108 15619 350000 SH DEFINED 011614 350000
FISERV INC COM 337738108 505 11300 SH DEFINED 0102 11300
FISERV INC COM 337738108 7885 176700 SH DEFINED 0131 176700
FISERV INC COM 337738108 457 10250 SH DEFINED 0103 10250
FISHER SCIENTIFIC IN COM 338032105 6935 146000 SH DEFINED 0128 146000
FLEET FINANCIAL GRP COM 338915101 2591 40960 SH DEFINED 0103 40960
<PAGE> PAGE 28
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
FLEETWOOD ENTERPRISE COM 339099103 166 5578 SH DEFINED 0103 5578
FLEMING CO COM 339130106 106 5914 SH DEFINED 0103 5914
FLORIDA PROGRESS COM 341109106 939 30000 SH DEFINED 01 30000
FLUOR CORP COM 343861100 728 13188 SH DEFINED 0103 13188
FLUOR CORP COM 343861100 4111 74500 SH DEFINED 01 74500
FOODMAKER INC WARRANT 344839113 315 7000 SH DEFINED 0109 7000
FOODMAKER INC NEW COM 344839204 3074 187700 SH DEFINED 011614 187700
FORD MOTOR COM 345370100 33975 900000 SH DEFINED 0113 900000
FORD MOTOR COM 345370100 9049 239700 SH DEFINED 0124 239700
FORD MOTOR COM 345370100 9347 247600 SH DEFINED 0125 247600
FORD MOTOR COM 345370100 15855 420000 SH DEFINED 0107 420000
FORD MOTOR COM 345370100 14118 373900 SH DEFINED 0102 373900
FORD MOTOR COM 345370100 24538 650000 SH DEFINED 0131 650000
FORD MOTOR COM 345370100 10929 289512 SH DEFINED 0103 289512
FORD MOTOR COM 345370100 4738 125500 SH DEFINED 01 125500
FORD MOTOR CO $50 CONV PFD STOCK 345370209 38 300 SH DEFINED 0102 300
FORTUNE BRANDS COM 349631101 994 26628 SH DEFINED 0103 26628
FOSTER WHEELER COM 350244109 257 6346 SH DEFINED 0103 6346
FRAMLINGTON MAGHREB COM 351689997 3157 47400 SH DEFINED 0112 47400
FRAMLINGTON MAGHREB COM 351689997 3330 50000 SH DEFINED 011617 50000
FRANKLIN CUSTODY FD COM 353496607 0 34 SH DEFINED 01 34
FRANKLIN RESOURCES COM 354613101 8708 120000 SH DEFINED 0108 120000
FRANKLIN RESOURCES COM 354613101 7256 100000 SH DEFINED 011622 100000
FRANKLIN RESOURCES COM 354613101 14513 200000 SH DEFINED 011623 200000
FRANKLIN RESOURCES COM 354613101 38095 525000 SH DEFINED 011516 525000
FRANKLIN RESOURCES COM 354613101 5268 72600 SH DEFINED 011619 72600
FRANKLIN RESOURCES COM 354613101 20172 278000 SH DEFINED 011614 278000
FRANKLIN RESOURCES COM 354613101 4717 65000 SH DEFINED 01 65000
FREEPORT COPPER 'B' COM 35671D857 46688 1500000 SH DEFINED 0130 1500000
FREEPORT COPPER 'B' COM 35671D857 7781 250000 SH DEFINED 0127 250000
FREEPORT COPPER 'B' COM 35671D857 10894 350000 SH DEFINED 011618 350000
FREEPORT COPPER 'B' COM 35671D857 941 30218 SH DEFINED 0103 30218
FRONTIER COMM COM 35906P105 509 25545 SH DEFINED 0103 25545
FRUIT OF THE LOOM A COM 359416104 373 12024 SH DEFINED 0103 12024
FRUIT OF THE LOOM A COM 359416104 4573 147500 SH DEFINED 01 147500
FURNITURE BRAND INTL COM 360921100 11024 569000 SH DEFINED 011614 569000
FURNITURE BRAND INTL COM 360921100 798 41148 SH DEFINED 0102 41148
FURNITURE BRAND INTL COM 360921100 794 41000 SH DEFINED 01 41000
GATX CORP COM 361448103 23100 400000 SH DEFINED 0113 400000
GATX CORP COM 361448103 4620 80000 SH DEFINED 0128 80000
GST 13.875CVT 12/00 CONV BOND 361942AA3 653 1045000 PRN DEFINED 0104 1045000
GST 13.875CVT 12/00 CONV BOND 361942AA3 1450 2320000 PRN DEFINED 0109 2320000
GST 13.875CVT 12/00 CONV BOND 361942AA3 625 1000000 PRN DEFINED 0124 1000000
GST 13.875CVT 12/00 CONV BOND 361942AA3 1091 1745000 PRN DEFINED 011621 1745000
GST 13.875CVT 12/00 CONV BOND 361942AA3 344 550000 PRN DEFINED 011618 550000
GST 13.875CVT 12/00 CONV BOND 361942AA3 31 50000 PRN DEFINED 011620 50000
GPU INC COM 36225X100 29597 825000 SH DEFINED 0113 825000
GPU INC COM 36225X100 11659 325000 SH DEFINED 0132 325000
GPU INC COM 36225X100 18834 525000 SH DEFINED 0131 525000
GPU INC COM 36225X100 1572 43826 SH DEFINED 0103 43826
<PAGE> PAGE 29
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GTE CORP COM 362320103 21938 500000 SH DEFINED 0130 500000
GTE CORP COM 362320103 38391 875000 SH DEFINED 0113 875000
GTE CORP COM 362320103 14259 325000 SH DEFINED 0132 325000
GTE CORP COM 362320103 11846 270000 SH DEFINED 0124 270000
GTE CORP COM 362320103 12790 291500 SH DEFINED 0125 291500
GTE CORP COM 362320103 10969 250000 SH DEFINED 0135 250000
GTE CORP COM 362320103 25667 585000 SH DEFINED 0107 585000
GTE CORP COM 362320103 1435 32700 SH DEFINED 0102 32700
GTE CORP COM 362320103 25228 575000 SH DEFINED 0131 575000
GTE CORP COM 362320103 9241 210601 SH DEFINED 0103 210601
GABLE RESIDENTIAL COM 362418105 11994 475000 SH DEFINED 0113 475000
GABLE RESIDENTIAL COM 362418105 5050 200000 SH DEFINED 0107 200000
GABLE RESIDENTIAL COM 362418105 556 22000 SH DEFINED 0103 22000
GALLAHER GROUP ADR COM 363595109 16594 900000 SH DEFINED 0130 900000
GALLAHER GROUP ADR COM 363595109 13828 750000 SH DEFINED 0113 750000
GALLAHER GROUP ADR COM 363595109 461 25000 SH DEFINED 0103 25000
GANNETT CO INC COM 364730101 6419 65000 SH DEFINED 0108 65000
GANNETT CO INC COM 364730101 31600 320000 SH DEFINED 0126 320000
GANNETT CO INC COM 364730101 44438 450000 SH DEFINED 0113 450000
GANNETT CO INC COM 364730101 4938 50000 SH DEFINED 0124 50000
GANNETT CO INC COM 364730101 7475 75700 SH DEFINED 0125 75700
GANNETT CO INC COM 364730101 336 3400 SH DEFINED 0102 3400
GANNETT CO INC COM 364730101 34563 350000 SH DEFINED 0131 350000
GANNETT CO INC COM 364730101 3813 38610 SH DEFINED 0103 38610
GAP INC., THE COM 364760108 51971 1336661 SH DEFINED 0102 1336661
GAP INC., THE COM 364760108 2060 53018 SH DEFINED 0103 53018
GASONICS INT'L CORP COM 367278108 1363 100000 SH DEFINED 0128 100000
GAYLORD CONTAINER COM 368145108 3418 437500 SH DEFINED 0109 437500
GAYLORD CONTAIN WTS WARRANT 368145116 4500 562500 SH DEFINED 0109 562500
GENCORP INC COM 368682100 5596 242000 SH DEFINED 01 242000
GENENTECH SPEC COM COM 368710307 10019 170000 SH DEFINED 011614 170000
GENERAL CABLE CORP COM 369300108 6176 241000 SH DEFINED 011614 241000
GENERAL DYNAMICS COM 369550108 30 400 SH DEFINED 0102 400
GENERAL DYNAMICS COM 369550108 970 12937 SH DEFINED 0103 12937
GENERAL ELECTRIC COM 369604103 71913 1100000 SH DEFINED 0130 1100000
GENERAL ELECTRIC COM 369604103 496850 7600000 SH DEFINED 0126 7600000
GENERAL ELECTRIC COM 369604103 36257 554600 SH DEFINED 0124 554600
GENERAL ELECTRIC COM 369604103 40598 621000 SH DEFINED 0125 621000
GENERAL ELECTRIC COM 369604103 104600 1600000 SH DEFINED 011516 1600000
GENERAL ELECTRIC COM 369604103 78450 1200000 SH DEFINED 011618 1200000
GENERAL ELECTRIC COM 369604103 220391 3371160 SH DEFINED 0102 3371160
GENERAL ELECTRIC COM 369604103 39182 599333 SH DEFINED 0103 599333
GENERAL ELECTRIC COM 369604103 28603 437510 SH DEFINED 01 437510
GENERAL INSTRUMENT C COM 370121105 535 21400 SH DEFINED 0103 21400
GENERAL MILLS COM 370334104 37447 575000 SH DEFINED 0113 575000
GENERAL MILLS COM 370334104 1642 25213 SH DEFINED 0103 25213
GENERAL MOTORS COM 370442105 5608 100700 SH DEFINED 0124 100700
GENERAL MOTORS COM 370442105 5413 97200 SH DEFINED 0125 97200
GENERAL MOTORS COM 370442105 59081 1060859 SH DEFINED 0102 1060859
GENERAL MOTORS COM 370442105 8906 159930 SH DEFINED 0103 159930
<PAGE> PAGE 30
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GENERAL MOTORS COM 370442105 5402 97000 SH DEFINED 01 97000
GENERAL MOTORS CL H COM 370442501 25988 450000 SH DEFINED 0130 450000
GENERAL MOTORS CL H COM 370442501 2888 50000 SH DEFINED 011620 50000
GENERAL NUTRITION IN COM 37047F103 185 6600 SH DEFINED 0102 6600
GENERAL RE CORP COM 370563108 2339 12850 SH DEFINED 0103 12850
GENERAL SIGNAL COM 370838104 9737 223200 SH DEFINED 0124 223200
GENERAL SIGNAL COM 370838104 10335 236900 SH DEFINED 0125 236900
GENERAL SIGNAL COM 370838104 20286 465000 SH DEFINED 0107 465000
GENERAL SIGNAL COM 370838104 50779 1164033 SH DEFINED 0102 1164033
GENERAL SIGNAL COM 370838104 8725 200000 SH DEFINED 0131 200000
GENERAL SIGNAL COM 370838104 1712 39239 SH DEFINED 0103 39239
GENERAL SIGNAL COM 370838104 5649 129500 SH DEFINED 01 129500
GENTEX CORP COM 371901109 9875 500000 SH DEFINED 0111 500000
GENTEX CORP COM 371901109 18937 958917 SH DEFINED 0102 958917
GENTEX CORP COM 371901109 214 10850 SH DEFINED 0103 10850
GENESIS HEALTH VENT COM 371912106 9281 275000 SH DEFINED 0106 275000
GENESYS TELECOMM INC COM 371931106 2775 100000 SH DEFINED 011619 100000
GENSIA PHARMACEUTICS COM 372450106 1 161 SH DEFINED 0111 161
GEON COMPANY COM 37246W105 9619 475000 SH DEFINED 0131 475000
GENUINE PARTS COM 372460105 30488 900000 SH DEFINED 0130 900000
GENUINE PARTS COM 372460105 35569 1050000 SH DEFINED 0113 1050000
GENUINE PARTS COM 372460105 61 1800 SH DEFINED 0102 1800
GENUINE PARTS COM 372460105 27947 825000 SH DEFINED 0131 825000
GENUINE PARTS COM 372460105 2175 64202 SH DEFINED 0103 64202
GENUINE PARTS COM 372460105 8098 239062 SH DEFINED 01 239062
GEORGIA PACIFIC COM 373298108 1222 14315 SH DEFINED 0103 14315
GEOTEK CORP CONV BOND 373654AH5 3515 4135000 PRN DEFINED 0104 4135000
GEOTEK CORP CONV BOND 373654AH5 3515 4135000 PRN DEFINED 0109 4135000
GEOTEK CORP CONV BOND 373654AH5 2112 2485000 PRN DEFINED 0124 2485000
GEOTEK CORP CONV BOND 373654AH5 3515 4135000 PRN DEFINED 011621 4135000
GEOTEK CORP CONV BOND 373654AH5 1407 1655000 PRN DEFINED 011618 1655000
GEOTEK CORP CONV BOND 373654AH5 174 205000 PRN DEFINED 011620 205000
GEOTEK COMM WTS COM 373654136 873 872500 SH DEFINED 0109 872500
GEOTEK COMM WTS COM 373654136 250 250000 SH DEFINED 011621 250000
GETCHELL GOLD CORP COM 374265106 35250 1000000 SH DEFINED 0130 1000000
GETCHELL GOLD CORP COM 374265106 6169 175000 SH DEFINED 0127 175000
GETCHELL GOLD CORP COM 374265106 5288 150000 SH DEFINED 0135 150000
GIANT FOOD CL A COM 374478105 303 9352 SH DEFINED 0103 9352
GIDDINGS & LEWIS WIS COM 375048105 109 5212 SH DEFINED 0103 5212
GILLETTE CO COM 375766102 52113 550000 SH DEFINED 0130 550000
GILLETTE CO COM 375766102 9475 100000 SH DEFINED 0108 100000
GILLETTE CO COM 375766102 208450 2200000 SH DEFINED 0126 2200000
GILLETTE CO COM 375766102 19594 206800 SH DEFINED 0124 206800
GILLETTE CO COM 375766102 16761 176900 SH DEFINED 0125 176900
GILLETTE CO COM 375766102 56850 600000 SH DEFINED 011516 600000
GILLETTE CO COM 375766102 15634 165000 SH DEFINED 011618 165000
GILLETTE CO COM 375766102 125069 1319974 SH DEFINED 0102 1319974
GILLETTE CO COM 375766102 11121 117379 SH DEFINED 0103 117379
GLOBAL DIRECTMAIL COM 379321102 10425 400000 SH DEFINED 0106 400000
GLOBALSTAR TELPFDCVT CONV PFD STOCK 379364409 10051 170000 SH DEFINED 011618 170000
<PAGE> PAGE 31
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GOLDEN WEST FIN COM 381317106 628 8972 SH DEFINED 0103 8972
GS-CIRCUIT CITY PERC PREFERRED STOCK 38141MBL4 17179 535715 SH DEFINED 0130 535715
GS-CIRCUIT CITY PERC PREFERRED STOCK 38141MBL4 11453 357143 SH DEFINED 0107 357143
GOODRICH B.F. COM 382388106 365 8420 SH DEFINED 0103 8420
GOODYEAR COM 382550101 1538 24291 SH DEFINED 0103 24291
W R GRACE COM 383911104 678 12308 SH DEFINED 0103 12308
GRAINGER (W.W.) COM 384802104 651 8324 SH DEFINED 0103 8324
GRAND MET PLC -ADR COM 386090302 30092 767903 SH DEFINED 0103 767903
GRAND MET PLC 144A CONV BOND 386098AA5 27850 20000000 PRN DEFINED 0113 20000000
GREAT A. & P. TEA COM 390064103 163 5983 SH DEFINED 0103 5983
GREAT LAKES CHEM CO COM 390568103 495 9451 SH DEFINED 0103 9451
GREAT WESTERN FIN CP COM 391442100 1157 21518 SH DEFINED 0103 21518
GREEN TREE FINL CORP COM 393505102 12519 351400 SH DEFINED 0111 351400
GREEN TREE FINL CORP COM 393505102 1564 43900 SH DEFINED 011622 43900
GREEN TREE FINL CORP COM 393505102 2084 58500 SH DEFINED 011623 58500
GREEN TREE FINL CORP COM 393505102 14250 400000 SH DEFINED 011618 400000
GREEN TREE FINL CORP COM 393505102 765 21477 SH DEFINED 0103 21477
GRIFFON CORP COM 398433102 8213 600000 SH DEFINED 0128 600000
G-IUSACELL L'S ADR COM 40049W306 5513 300000 SH DEFINED 0132 300000
GUIDANT CORP COM 401698105 42500 500000 SH DEFINED 0130 500000
GUIDANT CORP COM 401698105 14025 165000 SH DEFINED 0108 165000
GUIDANT CORP COM 401698105 4658 54800 SH DEFINED 0124 54800
GUIDANT CORP COM 401698105 6095 71700 SH DEFINED 0125 71700
GUIDANT CORP COM 401698105 8500 100000 SH DEFINED 011622 100000
GUIDANT CORP COM 401698105 17000 200000 SH DEFINED 011623 200000
GUIDANT CORP COM 401698105 76500 900000 SH DEFINED 011516 900000
GUIDANT CORP COM 401698105 6800 80000 SH DEFINED 011619 80000
GUIDANT CORP COM 401698105 4675 55000 SH DEFINED 011620 55000
GUIDANT CORP COM 401698105 11900 140000 SH DEFINED 011614 140000
GUIDANT CORP COM 401698105 11119 130717 SH DEFINED 0102 130717
GUIDANT CORP COM 401698105 12334 145100 SH DEFINED 0131 145100
GUIDANT CORP COM 401698105 1701 20008 SH DEFINED 0103 20008
GULF SOUTH MEDICAL COM 40252G105 23400 1200000 SH DEFINED 0106 1200000
GULF SOUTH MEDICAL COM 40252G105 4875 250000 SH DEFINED 011619 250000
GULFSTREAM AEROSPACE COM 402734107 3673 124500 SH DEFINED 01 124500
HPR INC COM 403912108 1850 100000 SH DEFINED 011619 100000
HBO COMPANY COM 404100109 82650 1200000 SH DEFINED 0126 1200000
HBO COMPANY COM 404100109 10331 150000 SH DEFINED 0135 150000
HBO COMPANY COM 404100109 14602 212000 SH DEFINED 011619 212000
HBO COMPANY COM 404100109 50210 729000 SH DEFINED 011614 729000
HBO COMPANY COM 404100109 125239 1818308 SH DEFINED 0102 1818308
HBO COMPANY COM 404100109 43839 636500 SH DEFINED 0131 636500
HBO COMPANY COM 404100109 4653 67560 SH DEFINED 0103 67560
HBO COMPANY COM 404100109 5785 84000 SH DEFINED 01 84000
HFS INC COM 404181109 7250 125000 SH DEFINED 0108 125000
HFS INC COM 404181109 58000 1000000 SH DEFINED 0126 1000000
HFS INC COM 404181109 20675 356450 SH DEFINED 0102 356450
HFS INC COM 404181109 9651 166400 SH DEFINED 0131 166400
HFS INC COM 404181109 2307 39779 SH DEFINED 0103 39779
HNC SOFTWARE COM 40425P107 1906 50000 SH DEFINED 011619 50000
<PAGE> PAGE 32
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HNC SOFTWARE COM 40425P107 6100 160000 SH DEFINED 011614 160000
HALLIBURTON COM 406216101 1548 19529 SH DEFINED 0103 19529
HALTER MARINE COM 40642Y105 6168 257000 SH DEFINED 011614 257000
HANCOCK FABRICS COM 409900107 3438 250000 SH DEFINED 0128 250000
HARCOR EGY WTS 144A WARRANT 411628118 330 110000 SH DEFINED 0109 110000
HARCOR ENERGY COM 411628209 600 100000 SH DEFINED 0109 100000
HARCOURT GENERAL CRP COM 41163G101 531 11155 SH DEFINED 0103 11155
HARLAND JOHN H COM 412693103 5703 250000 SH DEFINED 0128 250000
HARLAND JOHN H COM 412693103 111 4868 SH DEFINED 0103 4868
HARLEY DAVIDSON COM 412822108 14381 300000 SH DEFINED 0111 300000
HARLEY DAVIDSON COM 412822108 3356 70000 SH DEFINED 011620 70000
HARLEY DAVIDSON COM 412822108 277 5766 SH DEFINED 0102 5766
HARNISCHFEGER IND COM 413345109 321 7736 SH DEFINED 0103 7736
HARRAH'S ENT COM 413619107 5 300 SH DEFINED 0102 300
HARRAH'S ENT COM 413619107 293 16057 SH DEFINED 0103 16057
HARRIS CORP COM 413875105 2940 35000 SH DEFINED 011619 35000
HARRIS CORP COM 413875105 512 6098 SH DEFINED 0103 6098
HARTFORD FINL SVCS COM 416515104 1519 18360 SH DEFINED 0103 18360
HASBRO INC COM 418056107 575 20256 SH DEFINED 0103 20256
HAWAII ELEC $100 PREFERRED STOCK 419990197 5238 50000 SH DEFINED 0105 50000
MAUI ELEC $100 PREFERRED STOCK 419990205 5238 50000 SH DEFINED 0105 50000
HEALTHSOUTH CORP COM 421924101 47895 1920600 SH DEFINED 0126 1920600
HEALTHSOUTH CORP COM 421924101 119700 4800000 SH DEFINED 0111 4800000
HEALTHSOUTH CORP COM 421924101 12199 489200 SH DEFINED 011622 489200
HEALTHSOUTH CORP COM 421924101 26803 1074800 SH DEFINED 011623 1074800
HEALTHSOUTH CORP COM 421924101 1746 70000 SH DEFINED 011619 70000
HEALTHSOUTH CORP COM 421924101 3242 130000 SH DEFINED 011614 130000
HEALTHSOUTH CORP COM 421924101 67950 2724773 SH DEFINED 0102 2724773
HEALTHSOUTH CORP COM 421924101 12239 490800 SH DEFINED 0131 490800
HEALTHSOUTH CORP COM 421924101 3010 120695 SH DEFINED 0103 120695
HEALTHSOUTH CORP COM 421924101 1384 55500 SH DEFINED 01 55500
HEALTHCARE COMPARE COM 421928102 52375 1000000 SH DEFINED 0111 1000000
HEALTHCARE COMPARE COM 421928102 7856 150000 SH DEFINED 011622 150000
HEALTHCARE COMPARE COM 421928102 15713 300000 SH DEFINED 011623 300000
HEALTH MGMT ASSOC COM 421933102 4560 160000 SH DEFINED 011619 160000
HEALTH MGMT ASSOC COM 421933102 18696 656000 SH DEFINED 011614 656000
HEALTH MGMT ASSOC COM 421933102 42241 1482110 SH DEFINED 0102 1482110
HEALTH MGMT ASSOC COM 421933102 18572 651650 SH DEFINED 0131 651650
HEALTH MGMT ASSOC COM 421933102 1494 52417 SH DEFINED 0103 52417
HEALTH MGMT ASSOC COM 421933102 713 25000 SH DEFINED 01 25000
HEALTHPLAN SERVICES COM 421959107 359 19000 SH DEFINED 0102 19000
HLTHCARE RECOVERIES COM 42220K101 3875 200000 SH DEFINED 011619 200000
HLTHCARE RECOVERIES COM 42220K101 7750 400000 SH DEFINED 011614 400000
HEARTLAND EXPRESS IN COM 422347104 107 4546 SH DEFINED 0102 4546
HEARTLAND VALUE COM 422359109 7901 218856 SH DEFINED 0103 218856
HEINZ H.J. COM 423074103 35747 775000 SH DEFINED 0113 775000
HEINZ H.J. COM 423074103 14068 305000 SH DEFINED 0107 305000
HEINZ H.J. COM 423074103 26522 575000 SH DEFINED 0131 575000
HEINZ H.J. COM 423074103 3850 83467 SH DEFINED 0103 83467
HEINZ H.J. COM 423074103 4520 98000 SH DEFINED 01 98000
<PAGE> PAGE 33
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OTE COM 423325109 4080 370042 SH DEFINED 0132 370042
OTE COM 423325109 8120 736497 SH DEFINED 0135 736497
HELMERICH & PAYNE COM 423452101 229 3970 SH DEFINED 0103 3970
HEM EN 144A WTS WARRANT 42368R116 0 36000 SH DEFINED 0109 36000
HERCULES INC COM 427056106 765 15977 SH DEFINED 0103 15977
HERSHEY FOODS COM 427866108 176209 3185714 SH DEFINED 0103 3185714
HEWLETT PACKARD COM 428236103 36400 650000 SH DEFINED 0130 650000
HEWLETT PACKARD COM 428236103 7000 125000 SH DEFINED 0108 125000
HEWLETT PACKARD COM 428236103 190400 3400000 SH DEFINED 0126 3400000
HEWLETT PACKARD COM 428236103 100800 1800000 SH DEFINED 0111 1800000
HEWLETT PACKARD COM 428236103 11200 200000 SH DEFINED 0124 200000
HEWLETT PACKARD COM 428236103 12830 229100 SH DEFINED 0125 229100
HEWLETT PACKARD COM 428236103 5600 100000 SH DEFINED 011622 100000
HEWLETT PACKARD COM 428236103 11200 200000 SH DEFINED 011623 200000
HEWLETT PACKARD COM 428236103 37800 675000 SH DEFINED 011618 675000
HEWLETT PACKARD COM 428236103 41377 738785 SH DEFINED 0102 738785
HEWLETT PACKARD COM 428236103 9191 164106 SH DEFINED 0103 164106
HEWLETT PACKARD COM 428236103 9968 178000 SH DEFINED 01 178000
HEXCEL CORP COM 428291108 9919 575000 SH DEFINED 0135 575000
HILTON HOTELS COM 432848109 21250 800000 SH DEFINED 0130 800000
HILTON HOTELS COM 432848109 7438 280000 SH DEFINED 0124 280000
HILTON HOTELS COM 432848109 9483 357000 SH DEFINED 0125 357000
HILTON HOTELS COM 432848109 39844 1500000 SH DEFINED 011516 1500000
HILTON HOTELS COM 432848109 3453 130000 SH DEFINED 011620 130000
HILTON HOTELS COM 432848109 27000 1016345 SH DEFINED 0102 1016345
HILTON HOTELS COM 432848109 1871 70454 SH DEFINED 0103 70454
HILTON HOTEL PRIDE CONV PFD STOCK 432848208 15150 600000 SH DEFINED 0130 600000
HIRSH INTERNATIONAL COM 433550100 4450 200000 SH DEFINED 011619 200000
HOME DEPOT INC COM 437076102 41363 600000 SH DEFINED 0111 600000
HOME DEPOT INC COM 437076102 32056 465000 SH DEFINED 011618 465000
HOME DEPOT INC COM 437076102 100811 1462361 SH DEFINED 0102 1462361
HOME DEPOT INC COM 437076102 5754 83462 SH DEFINED 0103 83462
HOME DEPOT INC COM 437076102 4734 68666 SH DEFINED 01 68666
HOME PRODUCTS INTL COM 437305105 1827 185000 SH DEFINED 011614 185000
HOMESTAKE MINING COM 437614100 300 22977 SH DEFINED 0103 22977
HONEYWELL COM 438506107 4378 57700 SH DEFINED 0125 57700
HONEYWELL COM 438506107 38 500 SH DEFINED 0102 500
HONEYWELL COM 438506107 1750 23064 SH DEFINED 0103 23064
HOSIERY CORP "A"144A WARRANT 441016102 75 10000 SH DEFINED 0109 10000
HOST MARRIOT FIN CONV PFD STOCK 441079209 17475 300000 SH DEFINED 0130 300000
HOUSEHOLD INTL COM 441815107 46975 400000 SH DEFINED 0126 400000
HOUSEHOLD INTL COM 441815107 1945 16565 SH DEFINED 0103 16565
HOUSTON INDUSTRIES COM 442161105 785 36640 SH DEFINED 0103 36640
HUBBELL INC C/B COM 443510201 5280 120000 SH DEFINED 0128 120000
HUBBELL INC C/B COM 443510201 968 22000 SH DEFINED 0103 22000
HUMANA COM 444859102 587 25388 SH DEFINED 0103 25388
HVIDE MARINE TRUST CONV PFD STOCK 448513200 4150 80000 SH DEFINED 0130 80000
HVIDE MARINE TRUST CONV PFD STOCK 448513200 2594 50000 SH DEFINED 0104 50000
HVIDE MARINE TRUST CONV PFD STOCK 448513200 1556 30000 SH DEFINED 011621 30000
HVIDE MARINE INC COM 448515106 4757 215000 SH DEFINED 0135 215000
<PAGE> PAGE 34
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HVIDE MARINE INC COM 448515106 5531 250000 SH DEFINED 011614 250000
HYPERION SOFTWARE CO COM 44914Q105 11188 500000 SH DEFINED 0106 500000
ICG COMMUNICATIONS COM 449246107 5775 300000 SH DEFINED 0106 300000
IDEC PHARM COM 449370105 3696 152400 SH DEFINED 011619 152400
IDS CA TAX EXEMPT COM 449428101 1 220 SH DEFINED 01 220
EQUITY SELECT FD INC COM 44943G102 2 130 SH DEFINED 01 130
RESEARCH OPPORT CL A COM 449434406 1 200 SH DEFINED 01 200
GLOBAL BAL FD A COM 449435700 1 202 SH DEFINED 01 202
GLOBAL BAL FD B COM 449435809 1 201 SH DEFINED 01 201
IDS INNOVATIONS FD Y COM 449435825 95 20000 SH DEFINED 01 20000
IDS INNOVATIONS FD B COM 449435833 95 20000 SH DEFINED 01 20000
IDS INNOVATIONS FD A COM 449435841 3144 660000 SH DEFINED 01 660000
IDS EMERGING MKTS Y COM 449435858 1 200 SH DEFINED 01 200
IDS EMERGING MKTS B COM 449435866 1 200 SH DEFINED 01 200
IDS EMERGING MKTS A COM 449435874 1 200 SH DEFINED 01 200
GLOBAL BAL FD Y COM 449435882 1 202 SH DEFINED 01 202
RESEARCH OPPORT CL B COM 449437508 1 200 SH DEFINED 01 200
RESEARCH OPPORT CL Y COM 449437607 1 200 SH DEFINED 01 200
NEW DIMENSIONS "Y" COM 449444306 2385 101307 SH DEFINED 0103 101307
IDS PRECIOUS METALS COM 449455104 1 129 SH DEFINED 01 129
IDS INS TAX EXEMPT COM 44947T100 1 208 SH DEFINED 01 208
IDS MN TAX EXEMPT COM 44947T308 1 219 SH DEFINED 01 219
IDS NY TAX EXEMPT COM 44947T407 1 221 SH DEFINED 01 221
IDS MASS TAX-EXEMPT COM 44947T506 1 213 SH DEFINED 01 213
IDS MICH TAX-EXEMPT COM 44947T605 1 211 SH DEFINED 01 211
IDS OHIO TAX-EXEMPT COM 44947T704 1 213 SH DEFINED 01 213
INT TAX-EXEMPT FD A COM 449482405 1 204 SH DEFINED 01 204
INT TAX-EXEMPT FD B COM 449482504 1 203 SH DEFINED 01 203
INT TAX-EXEMPT FD Y COM 449482603 1 204 SH DEFINED 01 204
IES INDUSTRIES INC COM 44949M103 11658 395199 SH DEFINED 0103 395199
IDSTC INCOME FUND II COM 449496108 146326 8665584 SH DEFINED 0103 8665584
IDS TRUST INT'L FUND COM 449500990 6203 63622 SH DEFINED 0103 63622
IMC GLOBAL INC COM 449669100 56000 1600000 SH DEFINED 0126 1600000
IRSA COM 450047204 6563 150000 SH DEFINED 0135 150000
ITT INDUSTRIES-WI COM 450911102 475 18465 SH DEFINED 0103 18465
ITT CORP COM 450912100 8243 135000 SH DEFINED 0124 135000
ITT CORP COM 450912100 9098 149000 SH DEFINED 0125 149000
ITT CORP COM 450912100 8250 135082 SH DEFINED 0102 135082
ITT CORP COM 450912100 1325 21691 SH DEFINED 0103 21691
ITT CORP COM 450912100 3481 57000 SH DEFINED 01 57000
IFINT DVSD HLDGS COM 45099C100 679 42418 SH DEFINED 0109 42418
IDEXX LABS INC COM 45168D104 3109 250000 SH DEFINED 011620 250000
IKON OFFICE SOLUTION COM 451713101 24938 1000000 SH DEFINED 0111 1000000
IKON OFFICE SOLUTION COM 451713101 4988 200000 SH DEFINED 0135 200000
IKON OFFICE SOLUTION COM 451713101 2993 120000 SH DEFINED 011622 120000
IKON OFFICE SOLUTION COM 451713101 7481 300000 SH DEFINED 011623 300000
IKON OFFICE SOLUTION COM 451713101 25 1000 SH DEFINED 011618 1000
IKON OFFICE SOLUTION COM 451713101 123550 4954698 SH DEFINED 0102 4954698
IKON OFFICE SOLUTION COM 451713101 1461 58561 SH DEFINED 0103 58561
IKON OFFICE SOLUTION COM 451713101 7787 312268 SH DEFINED 01 312268
<PAGE> PAGE 35
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
IKON OFFICE SOLUTION CONV PFD STOCK 451713200 20333 315850 SH DEFINED 0130 315850
IKON OFFICE SOLUTION CONV PFD STOCK 451713200 30578 475000 SH DEFINED 0107 475000
IKON OFFICE SOLUTION CONV PFD STOCK 451713200 22483 349250 SH DEFINED 011618 349250
IKON OFFICE SOLUTION CONV PFD STOCK 451713200 5794 90000 SH DEFINED 01 90000
IKOS SYSTEMS INC COM 451716203 6413 300000 SH DEFINED 0106 300000
IL PWR SER A PREFERRED STOCK 452092851 2693 55250 SH DEFINED 01 55250
ILLINOIS TOOL WORKS COM 452308109 39950 800000 SH DEFINED 0130 800000
ILLINOIS TOOL WORKS COM 452308109 14482 290000 SH DEFINED 0108 290000
ILLINOIS TOOL WORKS COM 452308109 74906 1500000 SH DEFINED 0126 1500000
ILLINOIS TOOL WORKS COM 452308109 2747 55000 SH DEFINED 0124 55000
ILLINOIS TOOL WORKS COM 452308109 2497 50000 SH DEFINED 0125 50000
ILLINOIS TOOL WORKS COM 452308109 69913 1400000 SH DEFINED 011516 1400000
ILLINOIS TOOL WORKS COM 452308109 32959 660000 SH DEFINED 011618 660000
ILLINOIS TOOL WORKS COM 452308109 193553 3876288 SH DEFINED 0102 3876288
ILLINOIS TOOL WORKS COM 452308109 3194 63948 SH DEFINED 0103 63948
ILLINOIS TOOL WORKS COM 452308109 1698 34000 SH DEFINED 01 34000
IMATION CORP COM 45245A107 262 9950 SH DEFINED 01 9950
IMMULOGIC PHARMACEUT COM 45252R100 94 29963 SH DEFINED 0103 29963
IMMUNEX CORP COM 452528102 1631 45000 SH DEFINED 0108 45000
IMPERIAL CHEM IN ADR COM 452704505 22181 390000 SH DEFINED 0107 390000
IMPERIAL TOBACCO ADR COM 453142101 152 11875 SH DEFINED 01 11875
INCO LIMITED COM 453258402 792 26340 SH DEFINED 0103 26340
INDIVIDUAL INC COM 455912105 74 18500 SH DEFINED 0102 18500
ING GROEP NV ADR COM 456837103 8176 176300 SH DEFINED 0130 176300
ING GROEP NV ADR COM 456837103 10569 227900 SH DEFINED 0135 227900
INGERSOLL-RAND CO COM 456866102 1059 17149 SH DEFINED 0103 17149
INFINITY FIN TECH COM 456921105 4894 300000 SH DEFINED 011619 300000
INGRAM MICRO COM 457153104 6634 275000 SH DEFINED 0135 275000
INLAND STEEL IND INC COM 457472108 201 7705 SH DEFINED 0103 7705
INPUT/OUTPUT INC COM 457652105 9969 550000 SH DEFINED 0106 550000
INTEGRATED DEV TECH COM 458118106 5250 500000 SH DEFINED 011614 500000
INTEGRATED HEALTH S COM 45812C106 15131 393000 SH DEFINED 011614 393000
INTEGRATED PROCESS E COM 45812K108 2025 80000 SH DEFINED 0128 80000
INTEGRATED PROCESS E COM 45812K108 14555 575000 SH DEFINED 0106 575000
INTEL COM 458140100 31908 225000 SH DEFINED 0130 225000
INTEL COM 458140100 9218 65000 SH DEFINED 0108 65000
INTEL COM 458140100 354531 2500000 SH DEFINED 0126 2500000
INTEL COM 458140100 70906 500000 SH DEFINED 0111 500000
INTEL COM 458140100 25810 182000 SH DEFINED 0124 182000
INTEL COM 458140100 21272 150000 SH DEFINED 0125 150000
INTEL COM 458140100 8509 60000 SH DEFINED 011622 60000
INTEL COM 458140100 17727 125000 SH DEFINED 011623 125000
INTEL COM 458140100 56725 400000 SH DEFINED 011516 400000
INTEL COM 458140100 87924 620000 SH DEFINED 011618 620000
INTEL COM 458140100 1418 10000 SH DEFINED 011620 10000
INTEL COM 458140100 359659 2536138 SH DEFINED 0102 2536138
INTEL COM 458140100 23273 164103 SH DEFINED 0103 164103
INTEL COM 458140100 31057 219000 SH DEFINED 01 219000
INTERIM SERVICES COM 45868P100 398 8950 SH DEFINED 0102 8950
INTERIM SERVICES COM 45868P100 6223 139850 SH DEFINED 0131 139850
<PAGE> PAGE 36
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
INTERIM SERVICES COM 45868P100 365 8200 SH DEFINED 0103 8200
INTERGRAPH CORP COM 458683109 64 7497 SH DEFINED 0103 7497
INTERMEDIA COMM FL COM 458801107 27519 850000 SH DEFINED 0106 850000
INTERMEDIA COM WTS WARRANT 458801115 910 22750 SH DEFINED 0109 22750
INTL BUSINESS MACH COM 459200101 18038 200000 SH DEFINED 0130 200000
INTL BUSINESS MACH COM 459200101 27056 300000 SH DEFINED 0113 300000
INTL BUSINESS MACH COM 459200101 15783 175000 SH DEFINED 0124 175000
INTL BUSINESS MACH COM 459200101 15602 173000 SH DEFINED 0125 173000
INTL BUSINESS MACH COM 459200101 739 8200 SH DEFINED 0102 8200
INTL BUSINESS MACH COM 459200101 22547 250000 SH DEFINED 0131 250000
INTL BUSINESS MACH COM 459200101 14852 164680 SH DEFINED 0103 164680
INT'L CABLETEL INC CONV BOND 459216AB3 15624 14500000 PRN DEFINED 0124 14500000
INTL FLAVORS & FRAG COM 459506101 873 17278 SH DEFINED 0103 17278
INTL IMAGING MAT COM 45968C108 4672 287500 SH DEFINED 0128 287500
INTERNATIONAL PAPER COM 460146103 13598 280000 SH DEFINED 0107 280000
INTERNATIONAL PAPER COM 460146103 16997 350000 SH DEFINED 011516 350000
INTERNATIONAL PAPER COM 460146103 60767 1251230 SH DEFINED 0102 1251230
INTERNATIONAL PAPER COM 460146103 3026 62329 SH DEFINED 0103 62329
INTERNATIONAL PAPER COM 460146103 14715 303000 SH DEFINED 01 303000
INT'L WIRELESS WTS WARRANT 46058G116 0 14750 SH DEFINED 0109 14750
INTERPUBLIC GROUP COM 460690100 776 12654 SH DEFINED 0103 12654
INTERVOICE INC COM 461142101 427 46500 SH DEFINED 0102 46500
INTEST CORP COM 461147100 2700 300000 SH DEFINED 011614 300000
INVISION TECH INC COM 461851107 1960 160000 SH DEFINED 011619 160000
JP FOODSERVICE INC COM 466232105 2869 100000 SH DEFINED 011619 100000
JP FOODSERVICE INC COM 466232105 17999 627350 SH DEFINED 0102 627350
JP FOODSERVICE INC COM 466232105 188 6550 SH DEFINED 0103 6550
JAMES RIVER COM 470349101 500 13512 SH DEFINED 0103 13512
JAN BELL WARRANTS WARRANT 470760117 0 2473 SH DEFINED 0131 2473
JEFFERSON PILOT COM 475070108 775 11095 SH DEFINED 0103 11095
JEFFERSON SMURFIT COM 475087102 7200 450000 SH DEFINED 0135 450000
JOHN NUVEEN COM 478035108 2193 70162 SH DEFINED 0103 70162
JOHNSON & JOHNSON COM 478160104 40234 625000 SH DEFINED 0130 625000
JOHNSON & JOHNSON COM 478160104 7081 110000 SH DEFINED 0108 110000
JOHNSON & JOHNSON COM 478160104 257500 4000000 SH DEFINED 0126 4000000
JOHNSON & JOHNSON COM 478160104 45063 700000 SH DEFINED 0111 700000
JOHNSON & JOHNSON COM 478160104 26008 404000 SH DEFINED 0124 404000
JOHNSON & JOHNSON COM 478160104 28113 436700 SH DEFINED 0125 436700
JOHNSON & JOHNSON COM 478160104 5150 80000 SH DEFINED 011622 80000
JOHNSON & JOHNSON COM 478160104 10944 170000 SH DEFINED 011623 170000
JOHNSON & JOHNSON COM 478160104 51500 800000 SH DEFINED 011516 800000
JOHNSON & JOHNSON COM 478160104 2511 39000 SH DEFINED 011620 39000
JOHNSON & JOHNSON COM 478160104 174036 2703441 SH DEFINED 0102 2703441
JOHNSON & JOHNSON COM 478160104 17543 272519 SH DEFINED 0103 272519
JOHNSON & JOHNSON COM 478160104 6083 94500 SH DEFINED 01 94500
JOHNSON CONTROLS COM 478366107 533 12986 SH DEFINED 0103 12986
JONES APPAREL GROUP COM 480074103 9789 205000 SH DEFINED 011614 205000
JOSTENS A. INC. COM 481088102 19781 750000 SH DEFINED 0113 750000
JOSTENS A. INC. COM 481088102 5803 220000 SH DEFINED 0128 220000
JOSTENS A. INC. COM 481088102 1161 44000 SH DEFINED 0124 44000
<PAGE> PAGE 37
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
JOSTENS A. INC. COM 481088102 1031 39100 SH DEFINED 0125 39100
JOSTENS A. INC. COM 481088102 5024 190500 SH DEFINED 011614 190500
JOSTENS A. INC. COM 481088102 3081 116737 SH DEFINED 0102 116737
JOSTENS A. INC. COM 481088102 160 6048 SH DEFINED 0103 6048
JOURNAL REGISTER CO COM 481138105 10931 550000 SH DEFINED 011614 550000
JOURNAL REGISTER CO COM 481138105 11639 585550 SH DEFINED 0102 585550
JOURNAL REGISTER CO COM 481138105 195 9800 SH DEFINED 0103 9800
JUNO LIGHTING INC COM 482047107 3331 205000 SH DEFINED 0128 205000
KCS GROUP COM 482434206 10188 500000 SH DEFINED 0106 500000
KCS GROUP COM 482434206 852 41800 SH DEFINED 0102 41800
KLA-TENCOR CORP COM 482480100 1463 30000 SH DEFINED 0128 30000
KLA-TENCOR CORP COM 482480100 36563 750000 SH DEFINED 011516 750000
KLA-TENCOR CORP COM 482480100 21206 435000 SH DEFINED 011618 435000
KLA-TENCOR CORP COM 482480100 10920 224000 SH DEFINED 011619 224000
KLA-TENCOR CORP COM 482480100 24375 500000 SH DEFINED 011614 500000
KLA-TENCOR CORP COM 482480100 35484 727876 SH DEFINED 0102 727876
KLA-TENCOR CORP COM 482480100 16468 337800 SH DEFINED 0131 337800
KLA-TENCOR CORP COM 482480100 1117 22900 SH DEFINED 0103 22900
KLA-TENCOR CORP COM 482480100 3486 71500 SH DEFINED 01 71500
K-MART CORPORATION COM 482584109 926 75625 SH DEFINED 0103 75625
KN ENERGY COM 482620101 6319 150000 SH DEFINED 0132 150000
K2 INC COM 482732104 254 8000 SH DEFINED 0102 8000
KU ENERGY CORP COM 482734100 6825 200000 SH DEFINED 0132 200000
KAUFMAN & BROAD HOME COM 486168107 107 6079 SH DEFINED 0103 6079
KAYDON CORP COM 486587108 6000 120000 SH DEFINED 0128 120000
KEANE INC COM 486665102 31200 600000 SH DEFINED 0111 600000
KELLOGG CO. COM 487836108 2822 32961 SH DEFINED 0103 32961
KELLSTROM INDUSTRIES COM 488035106 5513 350000 SH DEFINED 011614 350000
KELLY SERVICES COM 488152208 5020 160000 SH DEFINED 0128 160000
KEMET CORP COM 488360108 8706 350000 SH DEFINED 0106 350000
KENT ELECTRONICS COM 490553104 11006 300000 SH DEFINED 0106 300000
KENT ELECTRONICS COM 490553104 4403 120000 SH DEFINED 011619 120000
KENT ELECTRONICS COM 490553104 14675 400000 SH DEFINED 011614 400000
KENT ELECTRONICS COM 490553104 5289 144200 SH DEFINED 0102 144200
KENT ELECTRONICS COM 490553104 88 2400 SH DEFINED 0103 2400
KERR MCGEE COM 492386107 484 7638 SH DEFINED 0103 7638
KEYCORP NEW COM 493267108 32128 575000 SH DEFINED 0130 575000
KEYCORP NEW COM 493267108 13131 235000 SH DEFINED 0108 235000
KEYCORP NEW COM 493267108 23233 415800 SH DEFINED 0124 415800
KEYCORP NEW COM 493267108 25038 448100 SH DEFINED 0125 448100
KEYCORP NEW COM 493267108 22909 410000 SH DEFINED 0107 410000
KEYCORP NEW COM 493267108 50288 900000 SH DEFINED 011516 900000
KEYCORP NEW COM 493267108 29334 525000 SH DEFINED 011618 525000
KEYCORP NEW COM 493267108 44172 790554 SH DEFINED 0102 790554
KEYCORP NEW COM 493267108 25144 450000 SH DEFINED 0131 450000
KEYCORP NEW COM 493267108 6004 107475 SH DEFINED 0103 107475
KILROY REALTY COM 49427F108 3283 130000 SH DEFINED 0107 130000
KIMBERLY CLARK COM 494368103 44775 900000 SH DEFINED 0130 900000
KIMBERLY CLARK COM 494368103 29850 600000 SH DEFINED 0113 600000
KIMBERLY CLARK COM 494368103 33333 670000 SH DEFINED 011618 670000
<PAGE> PAGE 38
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
KIMBERLY CLARK COM 494368103 1990 40000 SH DEFINED 011620 40000
KIMBERLY CLARK COM 494368103 251698 5059257 SH DEFINED 0102 5059257
KIMBERLY CLARK COM 494368103 23631 475000 SH DEFINED 0131 475000
KIMBERLY CLARK COM 494368103 6856 137823 SH DEFINED 0103 137823
KIMBERLY CLARK COM 494368103 21689 435940 SH DEFINED 01 435940
KINGWORLD PRODUCTION COM 495667107 205 5852 SH DEFINED 0103 5852
KNIGHT-RIDDER INC. COM 499040103 41703 850000 SH DEFINED 0113 850000
KNIGHT-RIDDER INC. COM 499040103 720 14684 SH DEFINED 0103 14684
KOHLS CORP COM 500255104 14558 275000 SH DEFINED 0108 275000
KOHLS CORP COM 500255104 26469 500000 SH DEFINED 011516 500000
KOHLS CORP COM 500255104 3494 66000 SH DEFINED 011619 66000
KOHLS CORP COM 500255104 2223 42000 SH DEFINED 011620 42000
KOHLS CORP COM 500255104 17205 325000 SH DEFINED 011614 325000
KOHLS CORP COM 500255104 1553 29343 SH DEFINED 0102 29343
KOHLS CORP COM 500255104 13970 263900 SH DEFINED 0131 263900
KOHLS CORP COM 500255104 789 14900 SH DEFINED 0103 14900
KOHLS CORP COM 500255104 688 13000 SH DEFINED 01 13000
KOMAG COM 500453105 614 37500 SH DEFINED 0102 37500
KROGER CO. COM 501044101 33350 1150000 SH DEFINED 0126 1150000
KROGER CO. COM 501044101 7830 270000 SH DEFINED 0124 270000
KROGER CO. COM 501044101 8990 310000 SH DEFINED 0125 310000
KROGER CO. COM 501044101 10788 372000 SH DEFINED 011614 372000
KROGER CO. COM 501044101 191729 6611058 SH DEFINED 0102 6611058
KROGER CO. COM 501044101 2685 92590 SH DEFINED 0103 92590
KROGER CO. COM 501044101 10063 347000 SH DEFINED 01 347000
KULICKE &SOFFA IND COM 501242101 3247 100000 SH DEFINED 011619 100000
KULICKE &SOFFA IND COM 501242101 12988 400000 SH DEFINED 011614 400000
LCI INTL COM 501813109 21875 1000000 SH DEFINED 0106 1000000
LG AND E ENERGY CORP COM 501917108 4413 200000 SH DEFINED 0128 200000
LG AND E ENERGY CORP COM 501917108 9487 430000 SH DEFINED 0132 430000
LSI LOGIC COM 502161102 1680 52500 SH DEFINED 0124 52500
LSI LOGIC COM 502161102 3408 106500 SH DEFINED 0125 106500
LSI LOGIC COM 502161102 12800 400000 SH DEFINED 011614 400000
LSI LOGIC COM 502161102 662 20700 SH DEFINED 0102 20700
LSI LOGIC COM 502161102 9411 294100 SH DEFINED 0131 294100
LSI LOGIC COM 502161102 1329 41532 SH DEFINED 0103 41532
LTC PROPERTIES COM 502175102 9655 532700 SH DEFINED 0113 532700
LTC PROPERTIES COM 502175102 3806 210000 SH DEFINED 0107 210000
LA QUINTA INNS INC COM 504195108 2013 92000 SH DEFINED 0108 92000
LA QUINTA INNS INC COM 504195108 20781 950000 SH DEFINED 0106 950000
LA QUINTA INNS INC COM 504195108 1597 73000 SH DEFINED 011620 73000
LA QUINTA INNS INC COM 504195108 955 43650 SH DEFINED 0102 43650
LADY LUCK GAMING COR COM 505820100 325 200000 SH DEFINED 0109 200000
LAIDLAW INC COM 50730K206 678 49073 SH DEFINED 0103 49073
LANCASTER COLONY COR COM 513847103 10884 225000 SH DEFINED 0128 225000
LANDRY'S SEAFOOD COM 51508L103 3910 170000 SH DEFINED 0106 170000
LANDS END INC COM 515086106 8888 300000 SH DEFINED 0128 300000
LANDS END INC COM 515086106 262 8840 SH DEFINED 0103 8840
LASALLE NATL $50 PREFERRED STOCK 5180283*4 8138 150000 SH DEFINED 01 150000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 3255 60000 SH DEFINED 0116 60000
<PAGE> PAGE 39
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LATASA GDS COM 518182100 3200 200000 SH DEFINED 0135 200000
LATTICE SEMICONDUCTR COM 518415104 5650 100000 SH DEFINED 0128 100000
LATTICE SEMICONDUCTR COM 518415104 15538 275000 SH DEFINED 0106 275000
LATTICE SEMICONDUCTR COM 518415104 7063 125000 SH DEFINED 0135 125000
LATTICE SEMICONDUCTR COM 518415104 3390 60000 SH DEFINED 011619 60000
LATTICE SEMICONDUCTR COM 518415104 9605 170000 SH DEFINED 011614 170000
LATTICE SEMICONDUCTR COM 518415104 13353 236306 SH DEFINED 0102 236306
LATTICE SEMICONDUCTR COM 518415104 8808 155900 SH DEFINED 0131 155900
LATTICE SEMICONDUCTR COM 518415104 673 11900 SH DEFINED 0103 11900
LATTICE SEMICONDUCTR COM 518415104 4322 76500 SH DEFINED 01 76500
ESTE' LAUDER COM 518439104 358 7100 SH DEFINED 0102 7100
ESTE' LAUDER COM 518439104 5628 112000 SH DEFINED 0131 112000
ESTE' LAUDER COM 518439104 327 6500 SH DEFINED 0103 6500
LAYNE INCORPORATED COM 521050104 1180 53345 SH DEFINED 0103 53345
LAZARD SM CAP VALUE COM 52106N509 7945 377039 SH DEFINED 0103 377039
LEAR SEATING CORP COM 521865105 30357 684100 SH DEFINED 011516 684100
LEAR SEATING CORP COM 521865105 9035 203600 SH DEFINED 011618 203600
LEARNING COMPANY INC COM 522008101 4688 500000 SH DEFINED 0128 500000
LEARNING COMPANY INC COM 522008101 11110 1185100 SH DEFINED 011618 1185100
LEE ENTERPRISES INC COM 523768109 2638 100000 SH DEFINED 0128 100000
LEGGETT & PLATT COM 524660107 4300 100000 SH DEFINED 011619 100000
LEGGETT & PLATT COM 524660107 15050 350000 SH DEFINED 011614 350000
LENNAR CORP COM 526057104 3194 100000 SH DEFINED 0108 100000
LENNAR CORP COM 526057104 5589 175000 SH DEFINED 0128 175000
LIBERTY PROPERTY TRU COM 531172104 14303 575000 SH DEFINED 0113 575000
LIBERTY PROPERTY TRU COM 531172104 498 20000 SH DEFINED 0103 20000
LIFE TECHNOLOGIES IN COM 532177201 2452 88350 SH DEFINED 0128 88350
ELI LILLY COM 532457108 65588 600000 SH DEFINED 0126 600000
ELI LILLY COM 532457108 19031 174100 SH DEFINED 0124 174100
ELI LILLY COM 532457108 21086 192900 SH DEFINED 0125 192900
ELI LILLY COM 532457108 54656 500000 SH DEFINED 011516 500000
ELI LILLY COM 532457108 135932 1243515 SH DEFINED 0102 1243515
ELI LILLY COM 532457108 12986 118795 SH DEFINED 0103 118795
ELI LILLY COM 532457108 3279 30000 SH DEFINED 01 30000
THE LIMITED INC COM 532716107 38475 1900000 SH DEFINED 0113 1900000
THE LIMITED INC COM 532716107 30375 1500000 SH DEFINED 0131 1500000
THE LIMITED INC COM 532716107 2132 105280 SH DEFINED 0103 105280
LINCOLN NAT COM 534187109 12875 200000 SH DEFINED 0107 200000
LINCOLN NAT COM 534187109 1048 16272 SH DEFINED 0103 16272
LINEAR TECHNOLOGY COM 535678106 10971 212000 SH DEFINED 011614 212000
LINEAR TECHNOLOGY COM 535678106 0 1 SH DEFINED 0102 1
LINEN & THINGS COM 535679104 2084 70350 SH DEFINED 0102 70350
LINEN & THINGS COM 535679104 3359 113400 SH DEFINED 0131 113400
LINEN & THINGS COM 535679104 84 2850 SH DEFINED 0103 2850
LIZ CLAIBORNE COM 539320101 11470 246020 SH DEFINED 0103 246020
LOCKHEED MARTIN CORP COM 539830109 31699 306084 SH DEFINED 0130 306084
LOCKHEED MARTIN CORP COM 539830109 14499 140000 SH DEFINED 0124 140000
LOCKHEED MARTIN CORP COM 539830109 10356 100000 SH DEFINED 0125 100000
LOCKHEED MARTIN CORP COM 539830109 18414 177802 SH DEFINED 011618 177802
LOCKHEED MARTIN CORP COM 539830109 3107 30000 SH DEFINED 011620 30000
<PAGE> PAGE 40
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LOCKHEED MARTIN CORP COM 539830109 602 5810 SH DEFINED 0102 5810
LOCKHEED MARTIN CORP COM 539830109 3338 32232 SH DEFINED 0103 32232
LOCKHEED MARTIN CORP COM 539830109 7612 73500 SH DEFINED 01 73500
LOEWS CORP COM 540424108 1801 17986 SH DEFINED 0103 17986
LONE STAR STEAK HS COM 542307103 11157 429150 SH DEFINED 0102 429150
LONE STAR STEAK HS COM 542307103 191 7350 SH DEFINED 0103 7350
LONE STAR TECHNOLOG COM 542312103 15601 545000 SH DEFINED 011614 545000
LONG ISLAND LIGHTING COM 542671102 6900 300000 SH DEFINED 0132 300000
LONG ISL LGT SER AA PREFERRED STOCK 542671771 7148 273600 SH DEFINED 0105 273600
LONG ISL LGT SER AA PREFERRED STOCK 542671771 1466 56100 SH DEFINED 01 56100
LONGTERM CAPITAL LTD COM 542900998 47617 25000 SH DEFINED 0116 25000
LONGS DRUG STORES COM 543162101 160 6100 SH DEFINED 0103 6100
LORAL SP&COM CVT PFD CONV PFD STOCK 543885206 19700 400000 SH DEFINED 011618 400000
LOUISIANA LAND/EXP COM 546268103 307 5368 SH DEFINED 0103 5368
LOUISIANA PAC. COM 546347105 360 17043 SH DEFINED 0103 17043
LOWE'S CO'S COM 548661107 275 7400 SH DEFINED 0124 7400
LOWE'S CO'S COM 548661107 21677 583939 SH DEFINED 0102 583939
LOWE'S CO'S COM 548661107 1621 43660 SH DEFINED 0103 43660
LUBRIZOL CORP COM 549271104 35647 850000 SH DEFINED 0113 850000
LUBRIZOL CORP COM 549271104 22017 525000 SH DEFINED 0131 525000
LUBRIZOL CORP COM 549271104 1258 30000 SH DEFINED 0103 30000
LUCENT TECHNOLOGIES COM 549463107 7176 99574 SH DEFINED 0103 99574
LYDALL INC COM 550819106 4225 200000 SH DEFINED 0128 200000
LYONDELL PETROCHEM COM 552078107 17450 800000 SH DEFINED 0113 800000
MBIA INC COM 55262C100 68 600 SH DEFINED 0102 600
MBIA INC COM 55262C100 771 6835 SH DEFINED 0103 6835
MBNA COM 55262L100 131850 3600000 SH DEFINED 0126 3600000
MBNA COM 55262L100 54938 1500000 SH DEFINED 0111 1500000
MBNA COM 55262L100 3296 90000 SH DEFINED 011619 90000
MBNA COM 55262L100 10988 300000 SH DEFINED 011614 300000
MBNA COM 55262L100 731 19975 SH DEFINED 0102 19975
MBNA COM 55262L100 12919 352725 SH DEFINED 0131 352725
MBNA COM 55262L100 2724 74372 SH DEFINED 0103 74372
MCN ENERGY GROUP COM 55267J100 5819 190000 SH DEFINED 0132 190000
MCN FINANCING $23 PREFERRED STOCK 55267J209 6077 218000 SH DEFINED 0132 218000
MCI COMMUNICATIONS COM 552673105 38281 1000000 SH DEFINED 0130 1000000
MCI COMMUNICATIONS COM 552673105 7656 200000 SH DEFINED 0132 200000
MCI COMMUNICATIONS COM 552673105 20366 532000 SH DEFINED 0124 532000
MCI COMMUNICATIONS COM 552673105 20687 540400 SH DEFINED 0125 540400
MCI COMMUNICATIONS COM 552673105 30625 800000 SH DEFINED 011618 800000
MCI COMMUNICATIONS COM 552673105 79501 2076693 SH DEFINED 0102 2076693
MCI COMMUNICATIONS COM 552673105 6728 175738 SH DEFINED 0103 175738
MDU RESOURCES GROUP COM 552690109 7200 300000 SH DEFINED 0132 300000
MGIC INVESTMENT CORP COM 552848103 869 18132 SH DEFINED 0103 18132
MI BANK GDR COM 55306G109 5070 300000 SH DEFINED 0135 300000
MAINSTREET BANKGROUP COM 560633109 244 8860 SH DEFINED 0102 8860
MALAN REALTY INV CVT CONV BOND 561063AA6 1352 1300000 PRN DEFINED 0104 1300000
MALAN REALTY INV CVT CONV BOND 561063AA6 754 725000 PRN DEFINED 0109 725000
MALAN REALTY INV CVT CONV BOND 561063AA6 754 725000 PRN DEFINED 011621 725000
MALLINCKRODT INC COM 561232109 34913 895203 SH DEFINED 0103 895203
<PAGE> PAGE 41
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MANOR CARE INC COM 564054104 320 9798 SH DEFINED 0103 9798
MARQUETTE MED CL A COM 571490101 4400 200000 SH DEFINED 0128 200000
MARSH MCLENNAN CO COM 571748102 22840 320000 SH DEFINED 0113 320000
MARSH MCLENNAN CO COM 571748102 17130 240000 SH DEFINED 0131 240000
MARSH MCLENNAN CO COM 571748102 2648 37098 SH DEFINED 0103 37098
MARRIOTT INTERNATION COM 571900109 10250 167000 SH DEFINED 0108 167000
MARRIOTT INTERNATION COM 571900109 159575 2600000 SH DEFINED 0126 2600000
MARRIOTT INTERNATION COM 571900109 61375 1000000 SH DEFINED 0111 1000000
MARRIOTT INTERNATION COM 571900109 1231 20056 SH DEFINED 0103 20056
MARTIN MARIETTA MATE COM 573284106 32375 1000000 SH DEFINED 0130 1000000
MARTIN MARIETTA MATE COM 573284106 16188 500000 SH DEFINED 0108 500000
MARTIN MARIETTA MATE COM 573284106 8440 260700 SH DEFINED 0128 260700
MARTIN MARIETTA MATE COM 573284106 12788 395000 SH DEFINED 0107 395000
MARTIN MARIETTA MATE COM 573284106 37057 1144624 SH DEFINED 011618 1144624
MARTIN MARIETTA MATE COM 573284106 432 13350 SH DEFINED 0102 13350
MARTIN MARIETTA MATE COM 573284106 19852 613200 SH DEFINED 0131 613200
MARTIN MARIETTA MATE COM 573284106 405 12500 SH DEFINED 0103 12500
MASCO CORP COM 574599106 3131 75000 SH DEFINED 0124 75000
MASCO CORP COM 574599106 290 6900 SH DEFINED 0102 6900
MASCO CORP COM 574599106 1338 32056 SH DEFINED 0103 32056
MASCOTECH INC CONV BOND 574670AB1 5874 6500000 PRN DEFINED 0104 6500000
MASCOTECH INC CONV BOND 574670AB1 3163 3500000 PRN DEFINED 011621 3500000
MASTEC INC. COM 576323109 70969 1500000 SH DEFINED 0111 1500000
MASTEC INC. COM 576323109 461 9750 SH DEFINED 0102 9750
MATTEL INC. COM 577081102 20325 600000 SH DEFINED 0111 600000
MATTEL INC. COM 577081102 7198 212500 SH DEFINED 011622 212500
MATTEL INC. COM 577081102 15244 450000 SH DEFINED 011623 450000
MATTEL INC. COM 577081102 255 7500 SH DEFINED 0102 7500
MATTEL INC. COM 577081102 1526 45061 SH DEFINED 0103 45061
MAXIM INTEGRATED COM 57772K101 68250 1200000 SH DEFINED 0111 1200000
MAXIM INTEGRATED COM 57772K101 3981 70000 SH DEFINED 011622 70000
MAXIM INTEGRATED COM 57772K101 9100 160000 SH DEFINED 011623 160000
MAXIM INTEGRATED COM 57772K101 19906 350000 SH DEFINED 011618 350000
MAXIM INTEGRATED COM 57772K101 3128 55000 SH DEFINED 011619 55000
MAXIM INTEGRATED COM 57772K101 17063 300000 SH DEFINED 011614 300000
MAXIM INTEGRATED COM 57772K101 342 6000 SH DEFINED 0102 6000
MAY DEPT STORES COM 577778103 37800 800000 SH DEFINED 0113 800000
MAY DEPT STORES COM 577778103 17483 370000 SH DEFINED 0107 370000
MAY DEPT STORES COM 577778103 27169 575000 SH DEFINED 0131 575000
MAY DEPT STORES COM 577778103 3035 64227 SH DEFINED 0103 64227
MAYTAG CO COM 578592107 409 15643 SH DEFINED 0103 15643
MCAFEE ASSOCIATES IN COM 579057100 5303 84000 SH DEFINED 011614 84000
MCAFEE ASSOCIATES IN COM 579057100 31581 500270 SH DEFINED 0102 500270
MCAFEE ASSOCIATES IN COM 579057100 13875 219800 SH DEFINED 0131 219800
MCAFEE ASSOCIATES IN COM 579057100 1203 19050 SH DEFINED 0103 19050
MCAFEE ASSOCIATES IN COM 579057100 347 5500 SH DEFINED 01 5500
MCDERMOTT INTL COM 580037109 251 8604 SH DEFINED 0103 8604
MCDONALDS COM 580135101 28988 600000 SH DEFINED 0113 600000
MCDONALDS COM 580135101 304 6288 SH DEFINED 0102 6288
MCDONALDS COM 580135101 21741 450000 SH DEFINED 0131 450000
<PAGE> PAGE 42
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MCDONALDS COM 580135101 6130 126878 SH DEFINED 0103 126878
MCDONNELL DOUGLASS COM 580169100 138 2000 SH DEFINED 0102 2000
MCDONNELL DOUGLASS COM 580169100 2609 38077 SH DEFINED 0103 38077
MCGRAW-HILL COS INC COM 580645109 38228 650000 SH DEFINED 0113 650000
MCGRAW-HILL COS INC COM 580645109 16468 280000 SH DEFINED 0107 280000
MCGRAW-HILL COS INC COM 580645109 27936 475000 SH DEFINED 0131 475000
MCGRAW-HILL COS INC COM 580645109 2090 35543 SH DEFINED 0103 35543
MCKESSON 144A CVTPF CONV PFD STOCK 58155P204 12375 200000 SH DEFINED 0130 200000
MCKESSON CORP COM 581557105 5425 70000 SH DEFINED 011619 70000
MEAD CORP COM 582834107 511 8202 SH DEFINED 0103 8202
MEDAPHIS CORP COM 584028104 2013 200000 SH DEFINED 011619 200000
MEDIC COMPUTER COM 584472104 11125 500000 SH DEFINED 0106 500000
MEDICAL RESOURCES COM 58461Q102 8250 500000 SH DEFINED 011614 500000
MEDITRUST COM 58501T108 19906 500000 SH DEFINED 0113 500000
MEDITRUST COM 58501T108 15925 400000 SH DEFINED 0131 400000
MEDITRUST COM 58501T108 597 15000 SH DEFINED 0103 15000
MEDTRONIC COM 585055106 42525 525000 SH DEFINED 0130 525000
MEDTRONIC COM 585055106 141750 1750000 SH DEFINED 0126 1750000
MEDTRONIC COM 585055106 48600 600000 SH DEFINED 0111 600000
MEDTRONIC COM 585055106 8205 101300 SH DEFINED 0124 101300
MEDTRONIC COM 585055106 10376 128100 SH DEFINED 0125 128100
MEDTRONIC COM 585055106 8100 100000 SH DEFINED 0135 100000
MEDTRONIC COM 585055106 14580 180000 SH DEFINED 011622 180000
MEDTRONIC COM 585055106 32400 400000 SH DEFINED 011623 400000
MEDTRONIC COM 585055106 18225 225000 SH DEFINED 011618 225000
MEDTRONIC COM 585055106 3240 40000 SH DEFINED 011620 40000
MEDTRONIC COM 585055106 153631 1896599 SH DEFINED 0102 1896599
MEDTRONIC COM 585055106 19942 246200 SH DEFINED 0131 246200
MEDTRONIC COM 585055106 6288 77639 SH DEFINED 0103 77639
MEDTRONIC COM 585055106 17335 214000 SH DEFINED 01 214000
MELLON BANK CORP COM 585509102 6769 150000 SH DEFINED 0113 150000
MELLON BANK CORP COM 585509102 3899 86400 SH DEFINED 0124 86400
MELLON BANK CORP COM 585509102 4494 99600 SH DEFINED 0125 99600
MELLON BANK CORP COM 585509102 16696 370000 SH DEFINED 0107 370000
MELLON BANK CORP COM 585509102 14079 312000 SH DEFINED 011516 312000
MELLON BANK CORP COM 585509102 3610 80000 SH DEFINED 011620 80000
MELLON BANK CORP COM 585509102 483 10700 SH DEFINED 0102 10700
MELLON BANK CORP COM 585509102 2213 49036 SH DEFINED 0103 49036
MENS WEARHOUSE INC COM 587118100 10364 329000 SH DEFINED 011614 329000
MENS WEARHOUSE INC COM 587118100 1978 62782 SH DEFINED 0103 62782
MERCANTILE STORES COM 587533100 363 5773 SH DEFINED 0103 5773
MERCK COM 589331107 20700 200000 SH DEFINED 0130 200000
MERCK COM 589331107 7245 70000 SH DEFINED 0108 70000
MERCK COM 589331107 207000 2000000 SH DEFINED 0126 2000000
MERCK COM 589331107 31423 303600 SH DEFINED 0124 303600
MERCK COM 589331107 31661 305900 SH DEFINED 0125 305900
MERCK COM 589331107 56925 550000 SH DEFINED 011516 550000
MERCK COM 589331107 59513 575000 SH DEFINED 011618 575000
MERCK COM 589331107 3002 29000 SH DEFINED 011620 29000
MERCK COM 589331107 243638 2353978 SH DEFINED 0102 2353978
<PAGE> PAGE 43
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MERCK COM 589331107 23125 223427 SH DEFINED 0103 223427
MERCK COM 589331107 19790 191216 SH DEFINED 01 191216
MEREDITH CORP COM 589433101 243 8392 SH DEFINED 0103 8392
MERRILL LYNCH & CO COM 590188108 95400 1600000 SH DEFINED 0111 1600000
MERRILL LYNCH & CO COM 590188108 9540 160000 SH DEFINED 011622 160000
MERRILL LYNCH & CO COM 590188108 19080 320000 SH DEFINED 011623 320000
MERRILL LYNCH & CO COM 590188108 573 9600 SH DEFINED 0102 9600
MERRILL LYNCH & CO COM 590188108 3065 51400 SH DEFINED 0103 51400
MERRY LAND & INVT CO COM 590438107 11928 550000 SH DEFINED 0113 550000
MERRY LAND & INVT CO COM 590438107 4771 220000 SH DEFINED 0107 220000
MERRY LAND & INVT CO COM 590438107 6506 300000 SH DEFINED 0131 300000
MERRY LAND & INVT CO COM 590438107 477 22000 SH DEFINED 0103 22000
METHANEX CORP COM 59151K108 1838 200000 SH DEFINED 011621 200000
METZLER GROUP INC COM 592903108 4094 125000 SH DEFINED 0106 125000
MICHAELS STORES INC COM 594087108 11907 562000 SH DEFINED 011614 562000
MICREL COM 594793101 10200 200000 SH DEFINED 011614 200000
MICROSOFT COM 594918104 12638 100000 SH DEFINED 0130 100000
MICROSOFT COM 594918104 303300 2400000 SH DEFINED 0126 2400000
MICROSOFT COM 594918104 50550 400000 SH DEFINED 0111 400000
MICROSOFT COM 594918104 24441 193400 SH DEFINED 0124 193400
MICROSOFT COM 594918104 27777 219800 SH DEFINED 0125 219800
MICROSOFT COM 594918104 8846 70000 SH DEFINED 011622 70000
MICROSOFT COM 594918104 20220 160000 SH DEFINED 011623 160000
MICROSOFT COM 594918104 82144 650000 SH DEFINED 011516 650000
MICROSOFT COM 594918104 47391 375000 SH DEFINED 011618 375000
MICROSOFT COM 594918104 4359 34485 SH DEFINED 0102 34485
MICROSOFT COM 594918104 26511 209783 SH DEFINED 0103 209783
MICROSOFT COM 594918104 2275 18000 SH DEFINED 01 18000
MICRO-CHIP COM 595017104 11900 400000 SH DEFINED 011516 400000
MICRO-CHIP COM 595017104 23800 800000 SH DEFINED 011618 800000
MICRO-CHIP COM 595017104 354 11900 SH DEFINED 0102 11900
MICRO-CHIP COM 595017104 5566 187100 SH DEFINED 0131 187100
MICRO-CHIP COM 595017104 321 10800 SH DEFINED 0103 10800
MICRO-CHIP COM 595017104 1119 37600 SH DEFINED 01 37600
MICRON TECHNOLOGY COM 595112103 7588 190000 SH DEFINED 011614 190000
MICRON TECHNOLOGY COM 595112103 433 10840 SH DEFINED 0102 10840
MICRON TECHNOLOGY COM 595112103 1309 32778 SH DEFINED 0103 32778
MICRON TECHNOLOGY COM 595112103 339 8500 SH DEFINED 01 8500
MID-AMERICA APT COM 59522J103 7717 275000 SH DEFINED 0107 275000
MIDAMERICAN ENERGY PREFERRED STOCK 595620204 8049 73300 SH DEFINED 0105 73300
MIDAMERICAN ENERGY PREFERRED STOCK 595620204 3843 35000 SH DEFINED 01 35000
MILLENIUM CHEM INC COM 599903101 77 3392 SH DEFINED 01 3392
HERMAN MILLER COM 600544100 5400 150000 SH DEFINED 011619 150000
MILLIPORE CORP COM 601073109 20900 475000 SH DEFINED 0106 475000
MILLIPORE CORP COM 601073109 301 6842 SH DEFINED 0103 6842
MILLIPORE CORP COM 601073109 3168 72000 SH DEFINED 01 72000
MINERALS TECHNOLOGIE COM 603158106 4875 130000 SH DEFINED 0128 130000
MN MINING & MFG CO COM 604059105 153000 1500000 SH DEFINED 0126 1500000
MN MINING & MFG CO COM 604059105 5947 58300 SH DEFINED 0124 58300
MN MINING & MFG CO COM 604059105 6844 67100 SH DEFINED 0125 67100
<PAGE> PAGE 44
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MN MINING & MFG CO COM 604059105 51000 500000 SH DEFINED 011516 500000
MN MINING & MFG CO COM 604059105 592 5800 SH DEFINED 0102 5800
MN MINING & MFG CO COM 604059105 7323 71790 SH DEFINED 0103 71790
MN MINING & MFG CO COM 604059105 10149 99500 SH DEFINED 01 99500
MN P & L 144A $100 PREFERRED STOCK 6041103#1 5009 50000 SH DEFINED 0105 50000
MN P & L 144A $100 PREFERRED STOCK 6041103#1 3005 30000 SH DEFINED 01 30000
MN P&L 144A 6.70 PREFERRED STOCK 604110999 10175 100000 SH DEFINED 0105 100000
MIRAGE RESORTS INC COM 60462E104 50500 2000000 SH DEFINED 0126 2000000
MRS FIELDS COM 60650*990 605 20176717 SH DEFINED 0105 20176717
MOBIL COM 607059102 5590 80000 SH DEFINED 0108 80000
MOBIL COM 607059102 139750 2000000 SH DEFINED 0126 2000000
MOBIL COM 607059102 45419 650000 SH DEFINED 0113 650000
MOBIL COM 607059102 16770 240000 SH DEFINED 0107 240000
MOBIL COM 607059102 41925 600000 SH DEFINED 011516 600000
MOBIL COM 607059102 110897 1587062 SH DEFINED 0102 1587062
MOBIL COM 607059102 34938 500000 SH DEFINED 0131 500000
MOBIL COM 607059102 10405 148914 SH DEFINED 0103 148914
MOBIL COM 607059102 8525 122000 SH DEFINED 01 122000
MOLEX INC COM 608554101 53290 1460000 SH DEFINED 011516 1460000
MOLEX INC COM 608554101 3011 82500 SH DEFINED 011619 82500
MOLEX INC COM 608554101 1260 34520 SH DEFINED 0102 34520
MOLEX INC COM 608554101 730 20000 SH DEFINED 01 20000
MONDAVI ROBERT CORP COM 609200100 3308 70000 SH DEFINED 011619 70000
MONSANTO COMPANY COM 611662107 25838 600000 SH DEFINED 0130 600000
MONSANTO COMPANY COM 611662107 301438 7000000 SH DEFINED 0126 7000000
MONSANTO COMPANY COM 611662107 64594 1500000 SH DEFINED 0111 1500000
MONSANTO COMPANY COM 611662107 2778 64500 SH DEFINED 0124 64500
MONSANTO COMPANY COM 611662107 233 5400 SH DEFINED 0102 5400
MONSANTO COMPANY COM 611662107 4246 98594 SH DEFINED 0103 98594
MOORE CORP COM 615785102 297 15099 SH DEFINED 0103 15099
JP MORGAN & CO INC COM 616880100 36531 350000 SH DEFINED 0113 350000
JP MORGAN & CO INC COM 616880100 16700 160000 SH DEFINED 0107 160000
JP MORGAN & CO INC COM 616880100 26094 250000 SH DEFINED 0131 250000
JP MORGAN & CO INC COM 616880100 4269 40900 SH DEFINED 0103 40900
JP MORGAN & CO INC COM 616880100 9603 92000 SH DEFINED 01 92000
JPMS-GANNETT MEDS CONV PFD STOCK 616880878 18200 200000 SH DEFINED 0107 200000
MORGAN ST DEAN WITTE COM 617446448 5684 132000 SH DEFINED 0108 132000
MORGAN ST DEAN WITTE COM 617446448 120575 2800000 SH DEFINED 0126 2800000
MORGAN ST DEAN WITTE COM 617446448 47369 1100000 SH DEFINED 011516 1100000
MORGAN ST DEAN WITTE COM 617446448 51675 1200000 SH DEFINED 011618 1200000
MORGAN ST DEAN WITTE COM 617446448 1532 35574 SH DEFINED 0102 35574
MORGAN ST DEAN WITTE COM 617446448 27918 648310 SH DEFINED 0131 648310
MORGAN ST DEAN WITTE COM 617446448 5241 121700 SH DEFINED 0103 121700
MS-UNUM PREFERRED STOCK 617446570 52894 650000 SH DEFINED 0130 650000
MS-UNUM PREFERRED STOCK 617446570 44756 550000 SH DEFINED 0124 550000
MS-UNUM PREFERRED STOCK 617446570 36619 450000 SH DEFINED 011618 450000
MS-CONAGRA PEPS CONV PFD STOCK 617446612 20256 350000 SH DEFINED 0130 350000
MS-CONAGRA PEPS CONV PFD STOCK 617446612 18809 325000 SH DEFINED 0107 325000
MS-MERCK PEPS CONV PFD STOCK 617446620 20756 225000 SH DEFINED 0130 225000
MS-CITICORP CVT CONV PFD STOCK 617446638 26844 250000 SH DEFINED 0130 250000
<PAGE> PAGE 45
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MS-AIRTOUCH DEC CVT CONV PFD STOCK 617446653 13650 525000 SH DEFINED 0130 525000
MS-AIRTOUCH DEC CVT CONV PFD STOCK 617446653 11700 450000 SH DEFINED 0107 450000
MS-GILLETTE DEC CVT CONV PFD STOCK 617446679 14186 195000 SH DEFINED 0130 195000
MORNINGSTAR GROUP COM 617698105 7373 251000 SH DEFINED 011614 251000
MORRISON KNUDSON WTS COM 61844A117 0 13 SH DEFINED 0103 13
MORTON INTERNATIONAL COM 619335102 671 22212 SH DEFINED 0103 22212
MOTOROLA COM 620076109 7600 100000 SH DEFINED 0124 100000
MOTOROLA COM 620076109 7600 100000 SH DEFINED 0125 100000
MOTOROLA COM 620076109 45600 600000 SH DEFINED 011516 600000
MOTOROLA COM 620076109 9980 131296 SH DEFINED 0102 131296
MOTOROLA COM 620076109 7165 94282 SH DEFINED 0103 94282
MOTOROLA COM 620076109 1900 25000 SH DEFINED 01 25000
MURPHY OIL COM 626717102 4875 100000 SH DEFINED 0128 100000
MUTL RISKMGMTCVT/PUT CONV BOND 628351AA6 7650 15000000 PRN DEFINED 0106 15000000
MUTUAL RISK COM 628351108 45875 1000000 SH DEFINED 0130 1000000
MUTUAL RISK COM 628351108 12616 275000 SH DEFINED 0106 275000
MUTUAL RISK COM 628351108 3135 68333 SH DEFINED 011620 68333
MUTUAL RISK COM 628351108 232 5050 SH DEFINED 0102 5050
MUTUAL RISK COM 628351108 3590 78250 SH DEFINED 0131 78250
MUTUAL RISK COM 628351108 209 4550 SH DEFINED 0103 4550
MYLAN LABS COM 628530107 0 1 SH DEFINED 0102 1
NIPSCO COM 629140104 10328 250000 SH DEFINED 0132 250000
NABORS INDUSTRIES IN COM 629568106 6559 265000 SH DEFINED 0135 265000
NABORS INDUSTRIES IN COM 629568106 173 7000 SH DEFINED 0102 7000
NACCO IND CL A COM 629579103 76 1339 SH DEFINED 0103 1339
NALCO CHEMICAL COM 629853102 36694 950000 SH DEFINED 0113 950000
NALCO CHEMICAL COM 629853102 162 4200 SH DEFINED 0102 4200
NALCO CHEMICAL COM 629853102 9656 250000 SH DEFINED 0131 250000
NALCO CHEMICAL COM 629853102 1135 29387 SH DEFINED 0103 29387
NATIONAL AUS BK PFD CONV PFD STOCK 632525309 7543 270000 SH DEFINED 0130 270000
NATIONAL AUS BK PFD CONV PFD STOCK 632525309 7543 270000 SH DEFINED 0104 270000
NATIONAL AUS BK PFD CONV PFD STOCK 632525309 6146 220000 SH DEFINED 0109 220000
NATIONAL AUS BK PFD CONV PFD STOCK 632525309 3911 140000 SH DEFINED 011621 140000
NATIONAL CITY CORP COM 635405103 36750 700000 SH DEFINED 0113 700000
NATIONAL CITY CORP COM 635405103 1829 34843 SH DEFINED 0103 34843
NATL SEMICONDUCTOR COM 637640103 62 2000 SH DEFINED 0102 2000
NATL SEMICONDUCTOR COM 637640103 667 21794 SH DEFINED 0103 21794
NATL SERVICES IND COM 637657107 346 7100 SH DEFINED 0103 7100
NAT CORP HOUSING COM 637995994 100 500 SH DEFINED 01 500
NATIONS BANK COM 638585109 58050 900000 SH DEFINED 0130 900000
NATIONS BANK COM 638585109 17738 275000 SH DEFINED 0113 275000
NATIONS BANK COM 638585109 28122 436000 SH DEFINED 0124 436000
NATIONS BANK COM 638585109 30586 474200 SH DEFINED 0125 474200
NATIONS BANK COM 638585109 18705 290000 SH DEFINED 0107 290000
NATIONS BANK COM 638585109 303350 4702946 SH DEFINED 0102 4702946
NATIONS BANK COM 638585109 11933 185000 SH DEFINED 0131 185000
NATIONS BANK COM 638585109 12992 201420 SH DEFINED 0103 201420
NATIONS BANK COM 638585109 31928 495000 SH DEFINED 01 495000
NATIONWIDE FINL COM 638612101 9297 350000 SH DEFINED 011614 350000
NATIONWIDE HEALTH COM 638620104 12100 550000 SH DEFINED 0113 550000
<PAGE> PAGE 46
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NATIONWIDE HEALTH COM 638620104 5500 250000 SH DEFINED 0131 250000
NATIONWIDE HEALTH COM 638620104 440 20000 SH DEFINED 0103 20000
NAVISTAR INTL CORP COM 63934E108 2628 152339 SH DEFINED 0103 152339
NEOMAGIC CORP COM 640497103 2238 100000 SH DEFINED 011619 100000
NEUBERGER & BERMAN COM 640917506 1485 74780 SH DEFINED 0103 74780
NETWORK GENERAL COM 641210109 1145 77000 SH DEFINED 0128 77000
NETWORK GENERAL COM 641210109 17850 1200000 SH DEFINED 0106 1200000
NETWORK GENERAL COM 641210109 2529 170000 SH DEFINED 011619 170000
NETWORK GENERAL COM 641210109 854 57400 SH DEFINED 0102 57400
NEW ERA OF NETWORKS COM 644312100 2475 150000 SH DEFINED 011619 150000
NJ NATL GAS 100 144A PREFERRED STOCK 645869207 20425 200000 SH DEFINED 0105 200000
NEW JERSEY RESOURCES COM 646025106 4829 153900 SH DEFINED 0128 153900
NEW JERSEY RESOURCES COM 646025106 9413 300000 SH DEFINED 0132 300000
NEW YORK TIMES CLA COM 650111107 3030 60000 SH DEFINED 0124 60000
NEW YORK TIMES CLA COM 650111107 242 4800 SH DEFINED 0102 4800
NEW YORK TIMES CLA COM 650111107 1047 20729 SH DEFINED 0103 20729
NEW BRIDGE NETWORKS COM 650901101 12876 296000 SH DEFINED 011614 296000
NEWELL CO COM 651192106 3749 94600 SH DEFINED 011619 94600
NEWELL CO COM 651192106 983 24814 SH DEFINED 0103 24814
NEWELL CO COM 651192106 3784 95500 SH DEFINED 01 95500
NEWFIELD EXPLORATION COM 651290108 2800 140000 SH DEFINED 011620 140000
NEWFIELD EXPLORATION COM 651290108 15874 793680 SH DEFINED 0102 793680
NEWFIELD EXPLORATION COM 651290108 3662 183100 SH DEFINED 0131 183100
NEWFIELD EXPLORATION COM 651290108 385 19270 SH DEFINED 0103 19270
NEWMONT MINING COM 651639106 951 24391 SH DEFINED 0103 24391
NEXTEL COMM WTS WARRANT 65332V111 0 18902 SH DEFINED 0109 18902
NIAGARA MOHAWK POWER COM 653522102 193 22525 SH DEFINED 0103 22525
NICE SYSTEMS LTD ADR COM 653656108 1950 65000 SH DEFINED 011614 65000
NICOR COM 654086107 2780 77500 SH DEFINED 0132 77500
NICOR COM 654086107 281 7831 SH DEFINED 0103 7831
NIKE INC CL B COM 654106103 46700 800000 SH DEFINED 0111 800000
NIKE INC CL B COM 654106103 5254 90000 SH DEFINED 011622 90000
NIKE INC CL B COM 654106103 11675 200000 SH DEFINED 011623 200000
NIKE INC CL B COM 654106103 2627 44995 SH DEFINED 0103 44995
99 CENTS ONLY STORE COM 65440K106 1063 35300 SH DEFINED 0102 35300
NOBLE AFFILIATES COM 654894104 42556 1100000 SH DEFINED 011516 1100000
NOBLE AFFILIATES COM 654894104 3482 90000 SH DEFINED 011620 90000
NOBLE AFFILIATES COM 654894104 25156 650250 SH DEFINED 0102 650250
NOBLE AFFILIATES COM 654894104 13042 337100 SH DEFINED 0131 337100
NOBLE AFFILIATES COM 654894104 930 24025 SH DEFINED 0103 24025
NOKIA PREFERRED COM 654902204 36825 499310 SH DEFINED 0102 499310
NOKIA PREFERRED COM 654902204 494 6700 SH DEFINED 0103 6700
NOKIA PREFERRED COM 654902204 8113 110000 SH DEFINED 01 110000
NOBLE DRILLING CORP COM 655042109 2256 100000 SH DEFINED 011619 100000
NORAM ENERGY CORP COM 655419109 88526 5805013 SH DEFINED 0103 5805013
NORDSTROM INC COM 655664100 615 12526 SH DEFINED 0103 12526
NORFOLK SOUTHERN CO COM 655844108 1966 19512 SH DEFINED 0103 19512
NORFOLK SO RAILWAY PREFERRED STOCK 655855203 3 80 SH DEFINED 0102 80
NORTEL INVERSORA ADR COM 656567401 9494 350000 SH DEFINED 0135 350000
NORTHRN ST PWR CO MN COM 665772109 28463 550000 SH DEFINED 0113 550000
<PAGE> PAGE 47
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NORTHRN ST PWR CO MN COM 665772109 12938 250000 SH DEFINED 0132 250000
NORTHRN ST PWR CO MN COM 665772109 17595 340000 SH DEFINED 0107 340000
NORTHRN ST PWR CO MN COM 665772109 15525 300000 SH DEFINED 0131 300000
NORTHRN ST PWR CO MN COM 665772109 1493 28845 SH DEFINED 0103 28845
NORTHRN ST PWR CO MN COM 665772109 3286 63500 SH DEFINED 01 63500
NORTHRN TELECOM COM 665815106 40950 450000 SH DEFINED 0130 450000
NORTHRN TELECOM COM 665815106 163800 1800000 SH DEFINED 0126 1800000
NORTHRN TELECOM COM 665815106 91000 1000000 SH DEFINED 0111 1000000
NORTHRN TELECOM COM 665815106 18200 200000 SH DEFINED 0132 200000
NORTHRN TELECOM COM 665815106 15361 168800 SH DEFINED 0124 168800
NORTHRN TELECOM COM 665815106 18337 201500 SH DEFINED 0112 201500
NORTHRN TELECOM COM 665815106 14242 156500 SH DEFINED 0125 156500
NORTHRN TELECOM COM 665815106 9100 100000 SH DEFINED 0135 100000
NORTHRN TELECOM COM 665815106 50960 560000 SH DEFINED 011618 560000
NORTHRN TELECOM COM 665815106 3640 40000 SH DEFINED 011620 40000
NORTHRN TELECOM COM 665815106 22750 250000 SH DEFINED 011617 250000
NORTHRN TELECOM COM 665815106 83177 913999 SH DEFINED 0102 913999
NORTHRN TELECOM COM 665815106 5557 61060 SH DEFINED 0103 61060
NORTHROP GRUMMAN COR COM 666807102 7903 90000 SH DEFINED 0124 90000
NORTHROP GRUMMAN COR COM 666807102 8781 100000 SH DEFINED 0125 100000
NORTHROP GRUMMAN COR COM 666807102 7065 80450 SH DEFINED 0102 80450
NORTHROP GRUMMAN COR COM 666807102 1144 13030 SH DEFINED 0103 13030
NWA COM 667280101 21825 600000 SH DEFINED 0111 600000
NWA COM 667280101 2728 75000 SH DEFINED 011622 75000
NWA COM 667280101 5456 150000 SH DEFINED 011623 150000
NWA COM 667280101 602 16500 SH DEFINED 0102 16500
NWA COM 667280101 6242 171600 SH DEFINED 0131 171600
NWA COM 667280101 364 10000 SH DEFINED 0103 10000
NORTHWEST NATURAL GA COM 667655104 6874 262500 SH DEFINED 0132 262500
NORWEST CORP COM 669380107 22500 400000 SH DEFINED 0130 400000
NORWEST CORP COM 669380107 9045 160800 SH DEFINED 0108 160800
NORWEST CORP COM 669380107 281250 5000000 SH DEFINED 0126 5000000
NORWEST CORP COM 669380107 33750 600000 SH DEFINED 0113 600000
NORWEST CORP COM 669380107 5614 99800 SH DEFINED 0124 99800
NORWEST CORP COM 669380107 6975 124000 SH DEFINED 0125 124000
NORWEST CORP COM 669380107 15750 280000 SH DEFINED 0107 280000
NORWEST CORP COM 669380107 45000 800000 SH DEFINED 011516 800000
NORWEST CORP COM 669380107 41344 735000 SH DEFINED 011618 735000
NORWEST CORP COM 669380107 115532 2053829 SH DEFINED 0102 2053829
NORWEST CORP COM 669380107 26719 475000 SH DEFINED 0131 475000
NORWEST CORP COM 669380107 5742 102083 SH DEFINED 0103 102083
NORWEST CORP COM 669380107 6704 119185 SH DEFINED 01 119185
NOVARTIS AG ADR COM 66987V109 5054 63000 SH DEFINED 01 63000
NOVACARE CORP CONV BOND 669930AA7 6484 7000000 PRN DEFINED 0104 7000000
NOVACARE CORP CONV BOND 669930AA7 2779 3000000 PRN DEFINED 011621 3000000
NOVACARE INC COM 669930109 3746 270000 SH DEFINED 011619 270000
NOVACARE INC COM 669930109 11100 800000 SH DEFINED 011614 800000
NOVADIGM INC COM 669937104 34 10200 SH DEFINED 0102 10200
NOVELL INC COM 670006105 375 54014 SH DEFINED 0103 54014
NUCOR CORP COM 670346105 17175 300000 SH DEFINED 0111 300000
<PAGE> PAGE 48
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NUCOR CORP COM 670346105 1718 30000 SH DEFINED 011622 30000
NUCOR CORP COM 670346105 3721 65000 SH DEFINED 011623 65000
NUCOR CORP COM 670346105 6740 117715 SH DEFINED 0102 117715
NUCOR CORP COM 670346105 802 14011 SH DEFINED 0103 14011
NUCOR CORP COM 670346105 11623 203024 SH DEFINED 01 203024
NUEVO ENERGY CO COM 670509108 9225 225000 SH DEFINED 0106 225000
NYNEX COM 670768100 34575 600000 SH DEFINED 0130 600000
NYNEX COM 670768100 25931 450000 SH DEFINED 0132 450000
NYNEX COM 670768100 16135 280000 SH DEFINED 0107 280000
NYNEX COM 670768100 3960 68716 SH DEFINED 0103 68716
OAK TECHNOLOGY COM 671802106 400 41100 SH DEFINED 0102 41100
OASIS COM 674216106 3819 162500 SH DEFINED 0107 162500
OCCIDENTAL PETROLEUM COM 674599105 1286 51321 SH DEFINED 0103 51321
OCWEN ASSET INVEST COM 67574M106 1924 95000 SH DEFINED 0109 95000
OFFICE MAX COM 67622M108 22378 1550000 SH DEFINED 0106 1550000
OFFICE MAX COM 67622M108 18585 1287300 SH DEFINED 011618 1287300
OGDEN CORP COM 676346109 10417 478946 SH DEFINED 0103 478946
OHIO EDISON COM 677347106 8725 400000 SH DEFINED 0132 400000
OHIO EDISON COM 677347106 521 23866 SH DEFINED 0103 23866
OHIO POWER CO $100 PREFERRED STOCK 677415796 3530 36000 SH DEFINED 0105 36000
OHI PWR CO $100 PREFERRED STOCK 677415812 991 10000 SH DEFINED 0105 10000
OHIO PWR CO $100 PREFERRED STOCK 677415820 509 5000 SH DEFINED 0105 5000
OLSTEN CORP COM 681385100 88 4500 SH DEFINED 0102 4500
OMNICARE, INC. COM 681904108 17897 570425 SH DEFINED 0102 570425
OMNICARE, INC. COM 681904108 4615 147100 SH DEFINED 0131 147100
OMNICARE, INC. COM 681904108 497 15825 SH DEFINED 0103 15825
OMEGA HEALTH CARE COM 681936100 9806 300000 SH DEFINED 0113 300000
OMEGA HEALTH CARE COM 681936100 4086 125000 SH DEFINED 0107 125000
OMEGA HEALTH CARE COM 681936100 490 15000 SH DEFINED 0103 15000
ONEOK INC COM 682678107 7242 225000 SH DEFINED 0132 225000
ONEOK INC COM 682678107 139 4329 SH DEFINED 0103 4329
ORACLE CORP COM COM 68389X105 151125 3000000 SH DEFINED 0126 3000000
ORACLE CORP COM COM 68389X105 68006 1350000 SH DEFINED 0111 1350000
ORACLE CORP COM COM 68389X105 11710 232450 SH DEFINED 0124 232450
ORACLE CORP COM COM 68389X105 13745 272850 SH DEFINED 0125 272850
ORACLE CORP COM COM 68389X105 15113 300000 SH DEFINED 011622 300000
ORACLE CORP COM COM 68389X105 34305 681000 SH DEFINED 011623 681000
ORACLE CORP COM COM 68389X105 15113 300000 SH DEFINED 011618 300000
ORACLE CORP COM COM 68389X105 2267 45000 SH DEFINED 011620 45000
ORACLE CORP COM COM 68389X105 12040 239000 SH DEFINED 011614 239000
ORACLE CORP COM COM 68389X105 145068 2879611 SH DEFINED 0102 2879611
ORACLE CORP COM COM 68389X105 23971 475850 SH DEFINED 0131 475850
ORACLE CORP COM COM 68389X105 8364 166044 SH DEFINED 0103 166044
ORACLE CORP COM COM 68389X105 6851 136000 SH DEFINED 01 136000
ORYX ENERGY CO COM 68763F100 347 16449 SH DEFINED 0103 16449
OUTDOOR SYSTEM COM 690057104 7650 200000 SH DEFINED 011619 200000
OUTDOOR SYSTEM COM 690057104 22950 600000 SH DEFINED 011614 600000
OUTDOOR SYSTEM COM 690057104 32846 858739 SH DEFINED 0102 858739
OUTDOOR SYSTEM COM 690057104 9142 239000 SH DEFINED 0131 239000
OUTDOOR SYSTEM COM 690057104 949 24800 SH DEFINED 0103 24800
<PAGE> PAGE 49
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OUTDOOR SYSTEM COM 690057104 421 11000 SH DEFINED 01 11000
OWENS-CORNING COM 69073F103 352 8173 SH DEFINED 0103 8173
OWENS & MINOR INC COM 690732102 4481 300000 SH DEFINED 011614 300000
OWENS & MINOR INC COM 690732102 2501 167423 SH DEFINED 0103 167423
OWENS ILLINOIS INC COM 690768403 20553 663000 SH DEFINED 011618 663000
OWENS ILLINOIS INC COM 690768403 1755 56600 SH DEFINED 011620 56600
OXFORD HEALTH COM 691471106 12915 180000 SH DEFINED 011618 180000
OXFORD HEALTH COM 691471106 10763 150000 SH DEFINED 011614 150000
PILGRIM BAXTER GRWTH COM 693163107 7691 310520 SH DEFINED 0103 310520
PECO ENERGY COM 693304107 19950 950000 SH DEFINED 0113 950000
PECO ENERGY COM 693304107 15750 750000 SH DEFINED 0131 750000
PECO ENERGY COM 693304107 1423 67745 SH DEFINED 0103 67745
PACIFIC GAS & ELEC COM 69331C108 1560 64323 SH DEFINED 0103 64323
PMC-SIERRA INC COM 69344F106 8873 338000 SH DEFINED 011614 338000
PMT SERVICES COM 693457103 2745 180000 SH DEFINED 011619 180000
PNC FINL CORP COM 693475105 2182 52416 SH DEFINED 0103 52416
PP & L RESOURCES COM 693499105 505 25336 SH DEFINED 0103 25336
PPG INDUSTRIES INC COM 693506107 18891 325000 SH DEFINED 0131 325000
PPG INDUSTRIES INC COM 693506107 1664 28622 SH DEFINED 0103 28622
PRI AUTOMATION INC COM 69357H106 9484 250000 SH DEFINED 0106 250000
PRI AUTOMATION INC COM 69357H106 4742 125000 SH DEFINED 011619 125000
PRI AUTOMATION INC COM 69357H106 11457 302000 SH DEFINED 011614 302000
PRI AUTOMATION INC COM 69357H106 12230 322400 SH DEFINED 0102 322400
PRI AUTOMATION INC COM 69357H106 118 3100 SH DEFINED 0103 3100
PSW TECHNOLOGIES COM 69364J103 1375 117000 SH DEFINED 011619 117000
PACCAR INC COM 693718108 6037 130000 SH DEFINED 011614 130000
PACCAR INC COM 693718108 564 12139 SH DEFINED 0103 12139
PACIFIC ENTERPRISES COM 694232109 8406 250000 SH DEFINED 0132 250000
PACIFIC ENTERPRISES COM 694232109 449 13360 SH DEFINED 0103 13360
PACIFIC GAS & ELEC PREFERRED STOCK 694308651 2805 112200 SH DEFINED 0105 112200
PACIFIC GAS & ELEC PREFERRED STOCK 694308693 19014 717500 SH DEFINED 0105 717500
PACIFICORP COM 695114108 1013 46045 SH DEFINED 0103 46045
PACIFICORP $100 PAR PREFERRED STOCK 695114678 15881 150000 SH DEFINED 0105 150000
PACIFICORP $100 PAR PREFERRED STOCK 695114678 1059 10000 SH DEFINED 0116 10000
PAGEMART NATIONWIDE COM 69553Q108 235 50750 SH DEFINED 0109 50750
PAIN WEBBER GLOBAL COM 695910877 2 149 SH DEFINED 01 149
PAIR GAIN TECH COM 695934109 6600 400000 SH DEFINED 0106 400000
PALL CORP COM 696429307 458 19717 SH DEFINED 0103 19717
PARAMETRIC TECH CORP COM 699173100 9062 212900 SH DEFINED 0108 212900
PARAMETRIC TECH CORP COM 699173100 75548 1775000 SH DEFINED 0126 1775000
PARAMETRIC TECH CORP COM 699173100 2128 50000 SH DEFINED 0124 50000
PARAMETRIC TECH CORP COM 699173100 3405 80000 SH DEFINED 0125 80000
PARAMETRIC TECH CORP COM 699173100 5857 137600 SH DEFINED 011622 137600
PARAMETRIC TECH CORP COM 699173100 12922 303600 SH DEFINED 011623 303600
PARAMETRIC TECH CORP COM 699173100 33288 782100 SH DEFINED 011516 782100
PARAMETRIC TECH CORP COM 699173100 8513 200000 SH DEFINED 011619 200000
PARAMETRIC TECH CORP COM 699173100 2341 55000 SH DEFINED 011620 55000
PARAMETRIC TECH CORP COM 699173100 38007 892900 SH DEFINED 0102 892900
PARAMETRIC TECH CORP COM 699173100 18319 430400 SH DEFINED 0131 430400
PARAMETRIC TECH CORP COM 699173100 2567 60323 SH DEFINED 0103 60323
<PAGE> PAGE 50
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PAREXEL COM 699462107 8731 275000 SH DEFINED 0106 275000
PARKER-HANNIFIN COM 701094104 10620 175000 SH DEFINED 0124 175000
PARKER-HANNIFIN COM 701094104 10620 175000 SH DEFINED 0125 175000
PARKER-HANNIFIN COM 701094104 25570 421327 SH DEFINED 0102 421327
PARKER-HANNIFIN COM 701094104 2255 37153 SH DEFINED 0103 37153
PATRIOT AMERN HOSP COM 703353102 6630 260000 SH DEFINED 0107 260000
PAYCHEX INC COM 704326107 11210 295000 SH DEFINED 011614 295000
PAYCHEX INC COM 704326107 70982 1867910 SH DEFINED 0102 1867910
PAYCHEX INC COM 704326107 32681 860025 SH DEFINED 0131 860025
PAYCHEX INC COM 704326107 3159 83130 SH DEFINED 0103 83130
PEDIATRIX COM 705324101 11942 260650 SH DEFINED 0102 260650
PEDIATRIX COM 705324101 211 4600 SH DEFINED 0103 4600
PEGASYSTEMS INC COM 705573103 3765 120000 SH DEFINED 011619 120000
PEGASUS COMM CORP COM 705904100 188 16923 SH DEFINED 0109 16923
PENNCORP FINANCIAL G COM 708094107 9625 250000 SH DEFINED 0106 250000
PENNCORP FINANCIAL G COM 708094107 30800 800000 SH DEFINED 011618 800000
PENNCORP FINANCIAL G COM 708094107 45302 1176680 SH DEFINED 0102 1176680
PENNCORP FINANCIAL G COM 708094107 16967 440700 SH DEFINED 0131 440700
PENNCORP FINANCIAL G COM 708094107 1381 35870 SH DEFINED 0103 35870
PENNEY J C COM 708160106 28703 550000 SH DEFINED 0130 550000
PENNEY J C COM 708160106 41750 800000 SH DEFINED 0113 800000
PENNEY J C COM 708160106 20614 395000 SH DEFINED 0107 395000
PENNEY J C COM 708160106 31313 600000 SH DEFINED 0131 600000
PENNEY J C COM 708160106 3420 65542 SH DEFINED 0103 65542
PENTAIR INC COM 709631105 2612 79440 SH DEFINED 0103 79440
PENNZOIL COM 709903108 563 7336 SH DEFINED 0103 7336
PENNZOIL COM 709903108 4950 64500 SH DEFINED 01 64500
PEOPLES ENERGY CORP COM 711030106 206 5492 SH DEFINED 0103 5492
PEOPLE SOFT COM 712713106 5855 111000 SH DEFINED 011619 111000
PEOPLE SOFT COM 712713106 50199 951612 SH DEFINED 0102 951612
PEOPLE SOFT COM 712713106 32014 606900 SH DEFINED 0131 606900
PEOPLE SOFT COM 712713106 2537 48088 SH DEFINED 0103 48088
PEP BOYS COM 713278109 27250 800000 SH DEFINED 011516 800000
PEP BOYS COM 713278109 322 9455 SH DEFINED 0103 9455
PEPSICO COM 713448108 9103 242355 SH DEFINED 0103 242355
PERCEPTRON INC COM 71361F100 607 22350 SH DEFINED 0102 22350
PEREZ COMPANC SA ADR COM 713665107 8712 550000 SH DEFINED 0135 550000
PEREZ COMPANC SA ADR COM 713665107 616 38888 SH DEFINED 0102 38888
PEREZ COMPANC SA ADR COM 713665107 13674 863233 SH DEFINED 0131 863233
PEREZ COMPANC SA ADR COM 713665107 792 49995 SH DEFINED 0103 49995
PERKIN ELMER COM 714041100 1989 25000 SH DEFINED 0124 25000
PERKIN ELMER COM 714041100 88 1100 SH DEFINED 0102 1100
PERKIN ELMER COM 714041100 549 6898 SH DEFINED 0103 6898
PETROBRAS ADR COM 71654V101 4769 170000 SH DEFINED 0124 170000
PETROBRAS ADR COM 71654V101 9538 340000 SH DEFINED 0112 340000
PETROBRAS ADR COM 71654V101 6312 225000 SH DEFINED 0135 225000
PETROBRAS ADR COM 71654V101 13465 480000 SH DEFINED 011617 480000
PETROLEUM GEO SERV COM 716597109 3177 65000 SH DEFINED 011619 65000
PETROLEUM GEO SERV COM 716597109 0 1 SH DEFINED 0102 1
PHARMACIA & UPJOHN COM 716941109 2756 79309 SH DEFINED 0103 79309
<PAGE> PAGE 51
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PFIZER COM 717081103 47800 400000 SH DEFINED 0130 400000
PFIZER COM 717081103 382400 3200000 SH DEFINED 0126 3200000
PFIZER COM 717081103 95600 800000 SH DEFINED 0111 800000
PFIZER COM 717081103 5270 44100 SH DEFINED 0124 44100
PFIZER COM 717081103 4720 39500 SH DEFINED 0125 39500
PFIZER COM 717081103 7768 65000 SH DEFINED 0135 65000
PFIZER COM 717081103 13145 110000 SH DEFINED 011622 110000
PFIZER COM 717081103 28680 240000 SH DEFINED 011623 240000
PFIZER COM 717081103 31070 260000 SH DEFINED 011618 260000
PFIZER COM 717081103 55998 468555 SH DEFINED 0102 468555
PFIZER COM 717081103 12781 106952 SH DEFINED 0103 106952
PFIZER COM 717081103 2988 25000 SH DEFINED 01 25000
PHELPS DODGE COM 717265102 869 10203 SH DEFINED 0103 10203
PHILIP MORRIS COM 718154107 26625 600000 SH DEFINED 0130 600000
PHILIP MORRIS COM 718154107 11981 270000 SH DEFINED 0108 270000
PHILIP MORRIS COM 718154107 26625 600000 SH DEFINED 0113 600000
PHILIP MORRIS COM 718154107 23297 525000 SH DEFINED 0124 525000
PHILIP MORRIS COM 718154107 26625 600000 SH DEFINED 0125 600000
PHILIP MORRIS COM 718154107 21078 475000 SH DEFINED 0107 475000
PHILIP MORRIS COM 718154107 41934 945000 SH DEFINED 011618 945000
PHILIP MORRIS COM 718154107 162942 3671775 SH DEFINED 0102 3671775
PHILIP MORRIS COM 718154107 17750 400000 SH DEFINED 0131 400000
PHILIP MORRIS COM 718154107 19639 442539 SH DEFINED 0103 442539
PHILIP MORRIS COM 718154107 1553 35000 SH DEFINED 01 35000
PHILIP SERVICES COM 71819M103 10319 650000 SH DEFINED 0106 650000
PHILIPPINE LONG DIST COM 718252604 6746 105000 SH DEFINED 0112 105000
PHILIPPINE LONG DIST COM 718252604 8475 131900 SH DEFINED 011617 131900
PHILLIPS PETROLEUM COM 718507106 1798 41087 SH DEFINED 0103 41087
PHOENIX DUFF & PHELP COM 718924103 4425 600000 SH DEFINED 0128 600000
PHYSICIANS SPECIALTY COM 718934102 1013 180000 SH DEFINED 011614 180000
PHOENIX SHANNON 144A CONV BOND 719138AA7 600 2000000 PRN DEFINED 0104 2000000
PHYCOR COM 71940F100 24106 700000 SH DEFINED 0106 700000
PHYCOR COM 71940F100 5166 150000 SH DEFINED 011619 150000
PHYCOR COM 71940F100 63387 1840614 SH DEFINED 0102 1840614
PHYCOR COM 71940F100 7707 223800 SH DEFINED 0131 223800
PHYCOR COM 71940F100 1426 41400 SH DEFINED 0103 41400
PHYCOR COM 71940F100 672 19500 SH DEFINED 01 19500
PHOTRONICS CORP COM 719405102 7019 147000 SH DEFINED 011614 147000
PHYSIO CONTROL INTL COM 719431108 15000 1000000 SH DEFINED 0111 1000000
PHYSIO CONTROL INTL COM 719431108 3450 230000 SH DEFINED 011619 230000
PIER ONE IMPORTS INC COM 720279108 13356 504000 SH DEFINED 011614 504000
PINNACLE WEST CAPITA COM 723484101 9019 300000 SH DEFINED 0132 300000
PIONEER HI-BRED COM 723686101 8400 105000 SH DEFINED 0108 105000
PIONEER HI-BRED COM 723686101 40000 500000 SH DEFINED 0126 500000
PIONEER HI-BRED COM 723686101 400 5001 SH DEFINED 0102 5001
PIONEER HI-BRED COM 723686101 1028 12854 SH DEFINED 0103 12854
PITNEY BOWES COM 724479100 1656 23246 SH DEFINED 0103 23246
PITTSTON BRINKS GRP COM 725701106 416 13850 SH DEFINED 0102 13850
PITTSTON BRINKS GRP COM 725701106 6786 226200 SH DEFINED 0131 226200
PITTSTON BRINKS GRP COM 725701106 378 12600 SH DEFINED 0103 12600
<PAGE> PAGE 52
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PLACER DOME INC COM 725906101 612 37397 SH DEFINED 0103 37397
PLUMA INC COM 729272104 3811 247900 SH DEFINED 011614 247900
POGO PRODUCING CO COM 730448107 7738 200000 SH DEFINED 0106 200000
POGO PRODUCING CO COM 730448107 54983 1421220 SH DEFINED 0102 1421220
POGO PRODUCING CO COM 730448107 14810 382800 SH DEFINED 0131 382800
POGO PRODUCING CO COM 730448107 1514 39130 SH DEFINED 0103 39130
POLAROID COM 731095105 398 7174 SH DEFINED 0103 7174
PORTUGAL TEL COM 737273102 8025 200000 SH DEFINED 0132 200000
POTLATCH CORP COM 737628107 206 4562 SH DEFINED 0103 4562
PRAEGITZER INDUSTRIE COM 739422103 406 36500 SH DEFINED 0102 36500
PRAXAIR COM 74005P104 28000 500000 SH DEFINED 0130 500000
PRAXAIR COM 74005P104 13160 235000 SH DEFINED 0108 235000
PRAXAIR COM 74005P104 67200 1200000 SH DEFINED 0126 1200000
PRAXAIR COM 74005P104 2240 40000 SH DEFINED 0124 40000
PRAXAIR COM 74005P104 2800 50000 SH DEFINED 0125 50000
PRAXAIR COM 74005P104 67200 1200000 SH DEFINED 011516 1200000
PRAXAIR COM 74005P104 6720 120000 SH DEFINED 011619 120000
PRAXAIR COM 74005P104 4480 80000 SH DEFINED 011620 80000
PRAXAIR COM 74005P104 12600 225000 SH DEFINED 011614 225000
PRAXAIR COM 74005P104 2534 45251 SH DEFINED 0102 45251
PRAXAIR COM 74005P104 21073 376300 SH DEFINED 0131 376300
PRAXAIR COM 74005P104 2763 49351 SH DEFINED 0103 49351
PRAXAIR COM 74005P104 7728 138000 SH DEFINED 01 138000
CBI INDUSTRIES 100 PREFERRED STOCK 74005P203 6930 70000 SH DEFINED 0105 70000
PRECISION CASTPARTS COM 740189105 6559 110000 SH DEFINED 0108 110000
PRECISION CASTPARTS COM 740189105 11508 193000 SH DEFINED 011614 193000
PRECISION CASTPARTS COM 740189105 14348 240640 SH DEFINED 0102 240640
PRECISION CASTPARTS COM 740189105 209 3510 SH DEFINED 0103 3510
PREMARK INTL INC COM 740459102 6581 246000 SH DEFINED 011614 246000
PRENTISS COM 740706106 6534 255000 SH DEFINED 0107 255000
PRIMADONNA COM 741548101 6219 322000 SH DEFINED 011614 322000
PRIDE INTL COM 741932107 10800 450000 SH DEFINED 0106 450000
PROCTER & GAMBLE COM 742718109 42375 300000 SH DEFINED 0130 300000
PROCTER & GAMBLE COM 742718109 197750 1400000 SH DEFINED 0126 1400000
PROCTER & GAMBLE COM 742718109 15919 112700 SH DEFINED 0124 112700
PROCTER & GAMBLE COM 742718109 18631 131900 SH DEFINED 0125 131900
PROCTER & GAMBLE COM 742718109 70625 500000 SH DEFINED 011516 500000
PROCTER & GAMBLE COM 742718109 42165 298515 SH DEFINED 011618 298515
PROCTER & GAMBLE COM 742718109 100264 709802 SH DEFINED 0102 709802
PROCTER & GAMBLE COM 742718109 19453 137717 SH DEFINED 0103 137717
PROCTER & GAMBLE COM 742718109 6215 44000 SH DEFINED 01 44000
PROGRESSIVE CORP OH COM 743315103 10005 115000 SH DEFINED 0108 115000
PROGRESSIVE CORP OH COM 743315103 69600 800000 SH DEFINED 011516 800000
PROJECT SOFTWARE COM 74339P101 8338 575000 SH DEFINED 0106 575000
PROMUS HOTEL CORP COM 74342H104 50375 1300000 SH DEFINED 0126 1300000
PROMUS HOTEL CORP COM 74342H104 49903 1287860 SH DEFINED 0102 1287860
PROMUS HOTEL CORP COM 74342H104 22169 572100 SH DEFINED 0131 572100
PROMUS HOTEL CORP COM 74342H104 38571 995352 SH DEFINED 0103 995352
PROTECTIVE LIFE CORP COM 743674103 4925 98000 SH DEFINED 011619 98000
PROTECTIVE LIFE CORP COM 743674103 30090 598788 SH DEFINED 0103 598788
<PAGE> PAGE 53
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PROVIDENT COS INC** COM 743862104 21400 400000 SH DEFINED 0130 400000
PROVIDENT COS INC** COM 743862104 14638 273600 SH DEFINED 0111 273600
PROVIDENT COS INC** COM 743862104 4548 85000 SH DEFINED 011619 85000
PROVIDENT COS INC** COM 743862104 2996 56000 SH DEFINED 011620 56000
PROVIDENT COS INC** COM 743862104 545 10200 SH DEFINED 0102 10200
PROVIDENT COS INC** COM 743862104 8581 160400 SH DEFINED 0131 160400
PROVIDENT COS INC** COM 743862104 498 9300 SH DEFINED 0103 9300
PRUDENTIAL UTIL CL A COM 743911208 2 200 SH DEFINED 01 200
PROVIDIAN FIN COM 74406A102 2570 80000 SH DEFINED 0128 80000
PROVIDIAN FIN COM 74406A102 26135 813550 SH DEFINED 0111 813550
PROVIDIAN FIN COM 74406A102 15067 469000 SH DEFINED 0124 469000
PROVIDIAN FIN COM 74406A102 16165 503200 SH DEFINED 0125 503200
PROVIDIAN FIN COM 74406A102 1648 51300 SH DEFINED 011622 51300
PROVIDIAN FIN COM 74406A102 3299 102700 SH DEFINED 011623 102700
PROVIDIAN FIN COM 74406A102 5140 160000 SH DEFINED 011619 160000
PROVIDIAN FIN COM 74406A102 2409 75000 SH DEFINED 011620 75000
PROVIDIAN FIN COM 74406A102 9605 299000 SH DEFINED 011614 299000
PROVIDIAN FIN COM 74406A102 29577 920662 SH DEFINED 0102 920662
PROVIDIAN FIN COM 74406A102 6823 212400 SH DEFINED 0131 212400
PROVIDIAN FIN COM 74406A102 2078 64669 SH DEFINED 0103 64669
PROVIDIAN FIN COM 74406A102 2714 84500 SH DEFINED 01 84500
PUBLIC SERV CO COLO COM 744448101 12450 300000 SH DEFINED 0132 300000
PUBLIC SERV CO COLO COM 744448101 15978 385000 SH DEFINED 0107 385000
PUB SERV ENTERPRISES COM 744573106 931 37248 SH DEFINED 0103 37248
PUGET SOUND P&L $100 PREFERRED STOCK 745332502 173 1666 SH DEFINED 0105 1666
PUGET SOUND P&L $100 PREFERRED STOCK 745332817 5338 50000 SH DEFINED 01 50000
PUGET SOUND P&L $100 PREFERRED STOCK 745332817 1068 10000 SH DEFINED 0116 10000
PULTE CORP. COM 745867101 117 3378 SH DEFINED 0103 3378
PUTNAM HIGH YIELD COM 74678J104 2 238 SH DEFINED 01 238
QUAKER OATS COM 747402105 8526 190000 SH DEFINED 0108 190000
QUAKER OATS COM 747402105 13463 300000 SH DEFINED 0124 300000
QUAKER OATS COM 747402105 14984 333900 SH DEFINED 0125 333900
QUAKER OATS COM 747402105 19745 440000 SH DEFINED 0107 440000
QUAKER OATS COM 747402105 44875 1000000 SH DEFINED 011516 1000000
QUAKER OATS COM 747402105 4488 100000 SH DEFINED 011619 100000
QUAKER OATS COM 747402105 61718 1375268 SH DEFINED 0102 1375268
QUAKER OATS COM 747402105 2850 63489 SH DEFINED 0103 63489
QUAKER OATS COM 747402105 3815 85000 SH DEFINED 01 85000
QUESTAR COM 748356102 6056 150000 SH DEFINED 0128 150000
QUESTAR COM 748356102 8075 200000 SH DEFINED 0132 200000
QUINENCO SA ADR COM 748718103 10621 574100 SH DEFINED 0135 574100
QUORUM HEALTH COM 749084109 20556 575000 SH DEFINED 0106 575000
QUORUM HEALTH COM 749084109 5935 166000 SH DEFINED 011614 166000
RFS HOTEL COM 74955J108 4590 255000 SH DEFINED 0107 255000
RFS HOTEL COM 74955J108 6183 343500 SH DEFINED 01 343500
RPM INC OHIO COM 749685103 0 1 SH DEFINED 0102 1
RWD TECHNOLOGIES COM 74975B101 1380 80000 SH DEFINED 0106 80000
RAILTEX INC COM 750766107 531 29500 SH DEFINED 0102 29500
RALSTON PURINA GP COM 751277302 173 2100 SH DEFINED 0102 2100
RALSTON PURINA GP COM 751277302 1773 21574 SH DEFINED 0103 21574
<PAGE> PAGE 54
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
RANDGOLD RESOURC GDR COM 752344101 497 30000 SH DEFINED 0127 30000
RATIONAL SOFTWARE COM 75409P202 4203 250000 SH DEFINED 011619 250000
RAYCHEM COM 754603108 36167 486265 SH DEFINED 0102 486265
RAYCHEM COM 754603108 923 12403 SH DEFINED 0103 12403
RAYCHEM COM 754603108 7870 105820 SH DEFINED 01 105820
RAYONIER COM 754907103 6940 165000 SH DEFINED 0128 165000
RAYTHEON COM 755111101 4141 81200 SH DEFINED 0124 81200
RAYTHEON COM 755111101 9823 192600 SH DEFINED 0125 192600
RAYTHEON COM 755111101 58995 1156610 SH DEFINED 0102 1156610
RAYTHEON COM 755111101 4526 88732 SH DEFINED 0103 88732
RAYTHEON COM 755111101 2805 55000 SH DEFINED 01 55000
READ RITE COM 755246105 4175 200000 SH DEFINED 0128 200000
RECKSON COM 75621K106 4600 200000 SH DEFINED 0107 200000
REEBOK INTERNATIONAL COM 758110100 408 8718 SH DEFINED 0103 8718
REGAL CINEMAS COM 758754105 8250 250000 SH DEFINED 0106 250000
REGAL CINEMAS COM 758754105 7392 224000 SH DEFINED 011614 224000
RENAISSANCE SOLUTION COM 759924103 7104 192000 SH DEFINED 011619 192000
RENT WAY INC COM 76009U104 549 37200 SH DEFINED 0102 37200
RENTAL SERVICE COM 76009V102 3281 124900 SH DEFINED 0102 124900
RENTAL SERVICE COM 76009V102 55 2100 SH DEFINED 0103 2100
REPSOL S.A. ADR COM 76026T205 16975 400000 SH DEFINED 0130 400000
REPTRON ELECTRONICS COM 76026W109 4 159 SH DEFINED 0103 159
REPUBLIC INDUSTRIES COM 760516104 38209 1539915 SH DEFINED 011618 1539915
REPUBLIC INDUSTRIES COM 760516104 352 14200 SH DEFINED 0102 14200
REPUBLIC NY COM 760719104 930 8653 SH DEFINED 0103 8653
RESPIRONICS INC COM 761230101 0 1 SH DEFINED 0102 1
REXALL SUNDOWN COM 761648104 11232 288000 SH DEFINED 011614 288000
REXALL SUNDOWN COM 761648104 698 17901 SH DEFINED 0102 17901
REYNOLDS & REYNOLDS COM 761695105 22666 1439100 SH DEFINED 0126 1439100
REYNOLDS METALS COM 761763101 12469 175000 SH DEFINED 011614 175000
REYNOLDS METALS COM 761763101 462 6494 SH DEFINED 0102 6494
REYNOLDS METALS COM 761763101 21375 300000 SH DEFINED 0131 300000
REYNOLDS METALS COM 761763101 1810 25397 SH DEFINED 0103 25397
REYNOLDS METALS COM 761763101 499 7000 SH DEFINED 01 7000
RHONE POULENC RORER COM 76242T104 115701 1273190 SH DEFINED 0103 1273190
RIGGS SER B PFD COM 766570303 2039 72825 SH DEFINED 0109 72825
RISK CAPITAL HLDNGS COM 767711104 18549 883300 SH DEFINED 0111 883300
RISK CAPITAL HLDNGS COM 767711104 1579 75200 SH DEFINED 011622 75200
RISK CAPITAL HLDNGS COM 767711104 3625 172600 SH DEFINED 011623 172600
RISK CAPITAL HLDNGS COM 767711104 1142 54400 SH DEFINED 011620 54400
RITE AID COM 767754104 8229 165000 SH DEFINED 0108 165000
RITE AID COM 767754104 9401 188500 SH DEFINED 0124 188500
RITE AID COM 767754104 10608 212700 SH DEFINED 0125 212700
RITE AID COM 767754104 74813 1500000 SH DEFINED 011516 1500000
RITE AID COM 767754104 4040 81000 SH DEFINED 011619 81000
RITE AID COM 767754104 4988 100000 SH DEFINED 011620 100000
RITE AID COM 767754104 17456 350000 SH DEFINED 011614 350000
RITE AID COM 767754104 170730 3423382 SH DEFINED 0102 3423382
RITE AID COM 767754104 14584 292410 SH DEFINED 0131 292410
RITE AID COM 767754104 4113 82482 SH DEFINED 0103 82482
<PAGE> PAGE 55
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
RITE AID COM 767754104 6484 130000 SH DEFINED 01 130000
ROBERT HALF INTL INC COM 770323103 41455 880850 SH DEFINED 0102 880850
ROBERT HALF INTL INC COM 770323103 19936 423600 SH DEFINED 0131 423600
ROBERT HALF INTL INC COM 770323103 1737 36900 SH DEFINED 0103 36900
ROCKWELL INT CORP COM 773903109 59000 1000000 SH DEFINED 0126 1000000
ROCKWELL INT CORP COM 773903109 36875 625000 SH DEFINED 0113 625000
ROCKWELL INT CORP COM 773903109 10620 180000 SH DEFINED 0124 180000
ROCKWELL INT CORP COM 773903109 12184 206500 SH DEFINED 0125 206500
ROCKWELL INT CORP COM 773903109 8445 143117 SH DEFINED 0102 143117
ROCKWELL INT CORP COM 773903109 25960 440000 SH DEFINED 0131 440000
ROCKWELL INT CORP COM 773903109 3304 56006 SH DEFINED 0103 56006
ROHM & HAAS CO COM 775371107 907 10071 SH DEFINED 0103 10071
ROHR INDUSTRIES INC COM 775422108 6077 277000 SH DEFINED 0128 277000
ROHR INDUSTRIES INC COM 775422108 5278 240600 SH DEFINED 01 240600
ROOSEVELT FINANCIAL COM 776493108 7150 325000 SH DEFINED 0128 325000
ROWAN COMPANIES INC COM 779382100 379 13433 SH DEFINED 0103 13433
PRICE ROWE INT'L FD COM 77956H203 5 318 SH DEFINED 01 318
ROYAL DUTCH PETRO COM 780257804 32625 600000 SH DEFINED 0130 600000
ROYAL DUTCH PETRO COM 780257804 217500 4000000 SH DEFINED 0126 4000000
ROYAL DUTCH PETRO COM 780257804 48938 900000 SH DEFINED 0113 900000
ROYAL DUTCH PETRO COM 780257804 45001 827600 SH DEFINED 0124 827600
ROYAL DUTCH PETRO COM 780257804 51461 946400 SH DEFINED 0125 946400
ROYAL DUTCH PETRO COM 780257804 15225 280000 SH DEFINED 0107 280000
ROYAL DUTCH PETRO COM 780257804 70688 1300000 SH DEFINED 011516 1300000
ROYAL DUTCH PETRO COM 780257804 43500 800000 SH DEFINED 011618 800000
ROYAL DUTCH PETRO COM 780257804 105607 1942072 SH DEFINED 0102 1942072
ROYAL DUTCH PETRO COM 780257804 34800 640000 SH DEFINED 0131 640000
ROYAL DUTCH PETRO COM 780257804 24445 449568 SH DEFINED 0103 449568
ROYAL DUTCH PETRO COM 780257804 18967 348800 SH DEFINED 01 348800
KPN ADR COM 780641205 29719 750000 SH DEFINED 0113 750000
KPN ADR COM 780641205 19813 500000 SH DEFINED 0131 500000
KPN ADR COM 780641205 793 20000 SH DEFINED 0103 20000
RSL COMM WT 11/15/06 WARRANT 781076112 285 9500 SH DEFINED 0109 9500
RUBBERMAID COM 781088109 0 1 SH DEFINED 0102 1
RUBBERMAID COM 781088109 697 23440 SH DEFINED 0103 23440
RUSSELL CORP COM 782352108 177 5986 SH DEFINED 0103 5986
RUTHERFORD MORAN COM 783286107 4700 200000 SH DEFINED 0106 200000
RYANAIR HOLDINGS ADR COM 783513104 1641 60500 SH DEFINED 011619 60500
RYANS FAMILY STEAK COM 783519101 4384 512000 SH DEFINED 011614 512000
RYDER SYSTEM COM 783549108 391 11847 SH DEFINED 0103 11847
SBC COMMUNICATIONS COM 78387G103 27844 450000 SH DEFINED 0130 450000
SBC COMMUNICATIONS COM 78387G103 46406 750000 SH DEFINED 0113 750000
SBC COMMUNICATIONS COM 78387G103 21656 350000 SH DEFINED 0132 350000
SBC COMMUNICATIONS COM 78387G103 34031 550000 SH DEFINED 0131 550000
SBC COMMUNICATIONS COM 78387G103 10216 165119 SH DEFINED 0103 165119
TELMEX CVT PFD CONV PFD STOCK 78387G202 31421 665000 SH DEFINED 0130 665000
TELMEX CVT PFD CONV PFD STOCK 78387G202 9923 210000 SH DEFINED 0132 210000
SGS-THOMSON MICROELE COM 784213100 40000 500000 SH DEFINED 0111 500000
SGS-THOMSON MICROELE COM 784213100 96 1200 SH DEFINED 0102 1200
SGS-THOMSON MICROELE COM 784213100 14568 182100 SH DEFINED 01 182100
<PAGE> PAGE 56
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SALOMON INC TRT PFD PREFERRED STOCK 784252207 8989 340000 SH DEFINED 0129 340000
SALOMON INC TRT PFD PREFERRED STOCK 784252207 10575 400000 SH DEFINED 0104 400000
STB SYSTEMS COM 784741100 913 27900 SH DEFINED 0102 27900
SAFECO CORP COM 786429100 43186 925000 SH DEFINED 0113 925000
SAFECO CORP COM 786429100 21943 470000 SH DEFINED 0107 470000
SAFECO CORP COM 786429100 29180 625000 SH DEFINED 0131 625000
SAFECO CORP COM 786429100 2137 45760 SH DEFINED 0103 45760
SAFETY-KLEEN COM 786484105 123 7300 SH DEFINED 0102 7300
SAFETY-KLEEN COM 786484105 394 23306 SH DEFINED 0103 23306
SAFEWAY INC. COM 786514208 46125 1000000 SH DEFINED 0130 1000000
SAFEWAY INC. COM 786514208 14760 320000 SH DEFINED 0108 320000
SAFEWAY INC. COM 786514208 156825 3400000 SH DEFINED 0126 3400000
SAFEWAY INC. COM 786514208 46125 1000000 SH DEFINED 011516 1000000
SAFEWAY INC. COM 786514208 11560 250625 SH DEFINED 011619 250625
SAFEWAY INC. COM 786514208 3459 75000 SH DEFINED 011620 75000
SAFEWAY INC. COM 786514208 11531 250000 SH DEFINED 011614 250000
SAFEWAY INC. COM 786514208 190445 4128791 SH DEFINED 0102 4128791
SAFEWAY INC. COM 786514208 1259 27300 SH DEFINED 0103 27300
SAFEWAY INC. COM 786514208 13746 298000 SH DEFINED 01 298000
ST JUDE MEDICAL COM 790849103 8 200 SH DEFINED 0102 200
ST JUDE MEDICAL COM 790849103 558 14318 SH DEFINED 0103 14318
ST PAUL COMPANIES COM 792860108 40031 525000 SH DEFINED 0113 525000
ST PAUL COMPANIES COM 792860108 28594 375000 SH DEFINED 0131 375000
ST PAUL COMPANIES COM 792860108 5438 71315 SH DEFINED 0103 71315
SBH-APPLIED MAT ELK CONV PFD STOCK 7954QBN38 30403 515000 SH DEFINED 0130 515000
SALOMON INC. COM 79549B107 950 17086 SH DEFINED 0103 17086
SBH UTX ELK CONV PFD STOCK 79549QCY8 14082 186000 SH DEFINED 0107 186000
SAMSONITE CORP COM 79604V105 6972 158000 SH DEFINED 0108 158000
SAMSONITE CORP COM 79604V105 13238 300000 SH DEFINED 011614 300000
SAN DIEGO G&E $25 PREFERRED STOCK 797440831 1584 59500 SH DEFINED 0105 59500
SANMINA CORP COM 800907107 4921 77500 SH DEFINED 011619 77500
SANMINA CORP COM 800907107 12700 200000 SH DEFINED 011614 200000
SANMINA CORP COM 800907107 1093 17219 SH DEFINED 0102 17219
SANMINA CORP COM 800907107 1143 18000 SH DEFINED 01 18000
SANTA FE ENERGY RES COM 802012104 229 15589 SH DEFINED 0103 15589
SARA LEE CORP COM 803111103 2706 65000 SH DEFINED 011620 65000
SARA LEE CORP COM 803111103 3127 75122 SH DEFINED 0103 75122
SASOL LTD ADR COM 803866300 0 1 SH DEFINED 0102 1
SAVILLE SYSTEMS IREL COM 805174109 2254 50000 SH DEFINED 0106 50000
SAVILLE SYSTEMS IREL COM 805174109 298 6600 SH DEFINED 0102 6600
SAVILLE SYSTEMS IREL COM 805174109 6493 144000 SH DEFINED 0131 144000
SAVILLE SYSTEMS IREL COM 805174109 374 8300 SH DEFINED 0103 8300
SAW TECH COM 805468105 3375 100000 SH DEFINED 011619 100000
SBARRO INC COM 805844107 6965 251000 SH DEFINED 011614 251000
SCANDINAVIAN BROAD CONV BOND 805906AA2 2795 2760000 PRN DEFINED 0130 2760000
SCANDINAVIAN BROAD CONV BOND 805906AA2 683 675000 PRN DEFINED 0104 675000
SCANDINAVIAN BROAD CONV BOND 805906AA2 476 470000 PRN DEFINED 0109 470000
SCANDINAVIAN BROAD CONV BOND 805906AA2 602 595000 PRN DEFINED 011621 595000
SCHERER (R.P.)/DE COM 806528105 1151 22300 SH DEFINED 0102 22300
SCHERING PLOUGH COM 806605101 52663 1100000 SH DEFINED 0130 1100000
<PAGE> PAGE 57
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SCHERING PLOUGH COM 806605101 13644 285000 SH DEFINED 0124 285000
SCHERING PLOUGH COM 806605101 15301 319600 SH DEFINED 0125 319600
SCHERING PLOUGH COM 806605101 2451 51200 SH DEFINED 011620 51200
SCHERING PLOUGH COM 806605101 128482 2683673 SH DEFINED 0102 2683673
SCHERING PLOUGH COM 806605101 7549 157684 SH DEFINED 0103 157684
SCHLUMBERGER LTD COM 806857108 31250 250000 SH DEFINED 0130 250000
SCHLUMBERGER LTD COM 806857108 12500 100000 SH DEFINED 0108 100000
SCHLUMBERGER LTD COM 806857108 87500 700000 SH DEFINED 0126 700000
SCHLUMBERGER LTD COM 806857108 87500 700000 SH DEFINED 0111 700000
SCHLUMBERGER LTD COM 806857108 7325 58600 SH DEFINED 0125 58600
SCHLUMBERGER LTD COM 806857108 9375 75000 SH DEFINED 0135 75000
SCHLUMBERGER LTD COM 806857108 9375 75000 SH DEFINED 011622 75000
SCHLUMBERGER LTD COM 806857108 18750 150000 SH DEFINED 011623 150000
SCHLUMBERGER LTD COM 806857108 62500 500000 SH DEFINED 011516 500000
SCHLUMBERGER LTD COM 806857108 19553 156365 SH DEFINED 0102 156365
SCHLUMBERGER LTD COM 806857108 6229 49832 SH DEFINED 0103 49832
SCHOLASTIC CORP COM 807066105 4410 126000 SH DEFINED 0108 126000
SCHULMAN (A.) INC COM 808194104 8619 350000 SH DEFINED 0128 350000
SCHWAB CHARLES CORP COM 808513105 17903 440000 SH DEFINED 011614 440000
SCHWAB CHARLES CORP COM 808513105 2179 53590 SH DEFINED 0102 53590
SCHWAB CHARLES CORP COM 808513105 1115 27400 SH DEFINED 0103 27400
SCIENTIFIC ATLANTA COM 808655104 264 12087 SH DEFINED 0103 12087
SEAGATE TECHNOLOGY COM 811804103 2287 65000 SH DEFINED 0124 65000
SEAGATE TECHNOLOGY COM 811804103 6274 178300 SH DEFINED 0125 178300
SEAGATE TECHNOLOGY COM 811804103 173 4900 SH DEFINED 0102 4900
SEAGATE TECHNOLOGY COM 811804103 1543 43874 SH DEFINED 0103 43874
SEAGRAM LTD COM 811850106 2329 57851 SH DEFINED 0103 57851
SEALED AIR CORP COM 812115103 8313 175000 SH DEFINED 0106 175000
SEALED AIR CORP COM 812115103 5401 113700 SH DEFINED 011619 113700
SEALED AIR CORP COM 812115103 11875 250000 SH DEFINED 011614 250000
SEALED AIR CORP COM 812115103 1425 30000 SH DEFINED 01 30000
SEARS ROEBUCK & CO COM 812387108 3224 59990 SH DEFINED 0102 59990
SEARS ROEBUCK & CO COM 812387108 3284 61090 SH DEFINED 0103 61090
SEATRAIN LINES COM 812557205 19 621353 SH DEFINED 0102 621353
2ND GLASTONBURY PROP COM 813200995 0 99 SH DEFINED 0102 99
SECURITY CAPITAL IND COM 814138103 3440 160000 SH DEFINED 0107 160000
SECURITY DYNAMICS COM 814208104 8297 225000 SH DEFINED 011614 225000
SEPRACOR INC COM 817315104 10480 406000 SH DEFINED 011614 406000
SEQUES PHARMACEUTICA COM 817471105 149 23300 SH DEFINED 0102 23300
SERVICE CORP INTL COM 817565104 26300 800000 SH DEFINED 0130 800000
SERVICE CORP INTL COM 817565104 14991 456000 SH DEFINED 0108 456000
SERVICE CORP INTL COM 817565104 78900 2400000 SH DEFINED 0111 2400000
SERVICE CORP INTL COM 817565104 12111 368400 SH DEFINED 0124 368400
SERVICE CORP INTL COM 817565104 14261 433800 SH DEFINED 0125 433800
SERVICE CORP INTL COM 817565104 4274 130000 SH DEFINED 011622 130000
SERVICE CORP INTL COM 817565104 9534 290000 SH DEFINED 011623 290000
SERVICE CORP INTL COM 817565104 29588 900000 SH DEFINED 011618 900000
SERVICE CORP INTL COM 817565104 3945 120000 SH DEFINED 011620 120000
SERVICE CORP INTL COM 817565104 47867 1455943 SH DEFINED 0102 1455943
SERVICE CORP INTL COM 817565104 16516 502400 SH DEFINED 0131 502400
<PAGE> PAGE 58
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SERVICE CORP INTL COM 817565104 4185 127281 SH DEFINED 0103 127281
SERVICE CORP INTL COM 817565104 5013 152500 SH DEFINED 01 152500
SHARED MED SYSTEMS COM 819486101 203 3759 SH DEFINED 0103 3759
SHELL TRANSPORT & COM 822703609 5030 40000 SH DEFINED 0132 40000
SHERWIN WILLIAMS COM 824348106 16055 520000 SH DEFINED 0108 520000
SHERWIN WILLIAMS COM 824348106 2306 74700 SH DEFINED 0124 74700
SHERWIN WILLIAMS COM 824348106 3088 100000 SH DEFINED 0125 100000
SHERWIN WILLIAMS COM 824348106 77188 2500000 SH DEFINED 011516 2500000
SHERWIN WILLIAMS COM 824348106 3088 100000 SH DEFINED 011619 100000
SHERWIN WILLIAMS COM 824348106 2470 80000 SH DEFINED 011620 80000
SHERWIN WILLIAMS COM 824348106 53359 1728160 SH DEFINED 0102 1728160
SHERWIN WILLIAMS COM 824348106 829 26858 SH DEFINED 0103 26858
SHERWIN WILLIAMS COM 824348106 2177 70500 SH DEFINED 01 70500
SHOPKO STORES COM 824911101 31821 1247871 SH DEFINED 0103 1247871
SHURGARD STORAGE CTR COM 82567D104 7056 252000 SH DEFINED 0131 252000
SIERRA PACIFIC RES COM 826425100 5120 160000 SH DEFINED 0128 160000
SIERRA PACIFIC RES COM 826425100 12800 400000 SH DEFINED 0132 400000
SIGMA-ALDRICH COM 826552101 7143 203665 SH DEFINED 0102 203665
SIGMA-ALDRICH COM 826552101 548 15619 SH DEFINED 0103 15619
SIGNET BANKING CORP COM 826681108 2654 73726 SH DEFINED 0103 73726
SIG CORP COM 826912107 3806 150000 SH DEFINED 0132 150000
SILICON GRAPHICS INC COM 827056102 15000 1000000 SH DEFINED 0111 1000000
SILICON GRAPHICS INC COM 827056102 14627 974620 SH DEFINED 0102 974620
SILICON GRAPHICS INC COM 827056102 632 42069 SH DEFINED 0103 42069
SIMON DEBARTOLO GRP COM 828781104 22400 700000 SH DEFINED 0113 700000
SIMON DEBARTOLO GRP COM 828781104 5760 180000 SH DEFINED 0128 180000
SIMON DEBARTOLO GRP COM 828781104 4480 140000 SH DEFINED 0107 140000
SIMON DEBARTOLO GRP COM 828781104 16800 525000 SH DEFINED 0131 525000
SIMON DEBARTOLO GRP COM 828781104 896 28000 SH DEFINED 0103 28000
SIRROM CAPITAL CORP COM 829905108 12113 351100 SH DEFINED 0102 351100
SIRROM CAPITAL CORP COM 829905108 6191 179450 SH DEFINED 0131 179450
SIRROM CAPITAL CORP COM 829905108 515 14950 SH DEFINED 0103 14950
SMITH INTL COM 832110100 9113 150000 SH DEFINED 011614 150000
SMITH INTL COM 832110100 495 8150 SH DEFINED 0102 8150
SMITH INTL COM 832110100 8080 133000 SH DEFINED 0131 133000
SMITH INTL COM 832110100 450 7400 SH DEFINED 0103 7400
SMITHFIELD FOODS INC COM 832248108 10455 170000 SH DEFINED 011614 170000
SMITHKLN BCHM PLCADR COM 832378301 45813 500000 SH DEFINED 0130 500000
SMITHKLN BCHM PLCADR COM 832378301 20616 225000 SH DEFINED 0108 225000
SMITHKLN BCHM PLCADR COM 832378301 206156 2250000 SH DEFINED 0126 2250000
SMITHKLN BCHM PLCADR COM 832378301 27094 295700 SH DEFINED 0113 295700
SMITHKLN BCHM PLCADR COM 832378301 18325 200000 SH DEFINED 0107 200000
SMITHKLN BCHM PLCADR COM 832378301 64138 700000 SH DEFINED 011516 700000
SMITHKLN BCHM PLCADR COM 832378301 43522 475000 SH DEFINED 011618 475000
SMITHKLN BCHM PLCADR COM 832378301 276 3000 SH DEFINED 0102 3000
SMITHKLN BCHM PLCADR COM 832378301 18059 197100 SH DEFINED 0131 197100
SMITHKLN BCHM PLCADR COM 832378301 678 7400 SH DEFINED 0103 7400
SNAP ON INC COM 833034101 374 9511 SH DEFINED 0103 9511
SOCIEDAD QUINICA COM 833635105 3306 50000 SH DEFINED 0135 50000
SOFAMOR/DANEK GROUP* COM 834005100 3203 70000 SH DEFINED 011620 70000
<PAGE> PAGE 59
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SOFTKEY CONV BOND 83402NAA7 12300 15000000 PRN DEFINED 0130 15000000
SOFTKEY CONV BOND 83402NAA7 9840 12000000 PRN DEFINED 0104 12000000
SOFTKEY CONV BOND 83402NAA7 2050 2500000 PRN DEFINED 0109 2500000
SOFTKEY CONV BOND 83402NAA7 4100 5000000 PRN DEFINED 011621 5000000
SOFTKEY CONV BOND 83402NAA7 12300 15000000 PRN DEFINED 011618 15000000
SOFTBRIDGE MICRO SYS COM 834020992 135 13500 SH DEFINED 01 13500
SOLECTRON CORP COM 834182107 15750 225000 SH DEFINED 0108 225000
SOLECTRON CORP COM 834182107 5110 73000 SH DEFINED 0128 73000
SOLECTRON CORP COM 834182107 71750 1025000 SH DEFINED 0111 1025000
SOLECTRON CORP COM 834182107 5600 80000 SH DEFINED 011622 80000
SOLECTRON CORP COM 834182107 11200 160000 SH DEFINED 011623 160000
SOLECTRON CORP COM 834182107 70000 1000000 SH DEFINED 011516 1000000
SOLECTRON CORP COM 834182107 38500 550000 SH DEFINED 011618 550000
SOLECTRON CORP COM 834182107 10150 145000 SH DEFINED 011614 145000
SOLECTRON CORP COM 834182107 315 4500 SH DEFINED 0102 4500
SONAT INC COM 835415100 7688 150000 SH DEFINED 0132 150000
SONAT INC COM 835415100 17036 332400 SH DEFINED 0124 332400
SONAT INC COM 835415100 16546 322850 SH DEFINED 0125 322850
SONAT INC COM 835415100 24856 485000 SH DEFINED 011618 485000
SONAT INC COM 835415100 15375 300000 SH DEFINED 011614 300000
SONAT INC COM 835415100 40661 793381 SH DEFINED 0102 793381
SONAT INC COM 835415100 2396 46740 SH DEFINED 0103 46740
SONAT INC COM 835415100 4587 89500 SH DEFINED 01 89500
SONY CORP ADRS COM 835699307 7656 87000 SH DEFINED 0135 87000
SONY CORP ADRS COM 835699307 3740 42500 SH DEFINED 01 42500
SO CA EDISON $100 PREFERRED STOCK 842400772 4466 45000 SH DEFINED 0105 45000
SO CA EDISON $100 PREFERRED STOCK 842400780 20908 202250 SH DEFINED 0105 202250
SO CA EDISON $100 PREFERRED STOCK 842400780 2068 20000 SH DEFINED 01 20000
SO CA EDISON $100 PREFERRED STOCK 842400780 517 5000 SH DEFINED 0116 5000
SOUTHERN CO. COM 842587107 22969 1050000 SH DEFINED 0113 1050000
SOUTHERN CO. COM 842587107 8750 400000 SH DEFINED 0132 400000
SOUTHERN CO. COM 842587107 12578 575000 SH DEFINED 0124 575000
SOUTHERN CO. COM 842587107 13125 600000 SH DEFINED 0125 600000
SOUTHERN CO. COM 842587107 14547 665000 SH DEFINED 0107 665000
SOUTHERN CO. COM 842587107 1061 48500 SH DEFINED 0102 48500
SOUTHERN CO. COM 842587107 18047 825000 SH DEFINED 0131 825000
SOUTHERN CO. COM 842587107 4361 199340 SH DEFINED 0103 199340
SO INDIANA G&E 100 PREFERRED STOCK 8431634@2 7313 75000 SH DEFINED 0105 75000
SOUTHTRUST CORP COM 844730101 7241 175000 SH DEFINED 011614 175000
SOUTHWEST AIRLINES COM 844741108 18113 700000 SH DEFINED 011618 700000
SOUTHWEST AIRLINES COM 844741108 6650 257000 SH DEFINED 011614 257000
SOUTHWEST AIRLINES COM 844741108 156 6000 SH DEFINED 0102 6000
SOUTHWEST AIRLINES COM 844741108 586 22629 SH DEFINED 0103 22629
SPECIALTY FOODS ACQ COM 847498102 113 300000 SH DEFINED 0109 300000
SPECIALTY FOODS ACQ COM 847498102 6 15000 SH DEFINED 011621 15000
SPINE TECH COM 848927109 8353 225000 SH DEFINED 0106 225000
SPRINGS INDS INC COM 851783100 166 3148 SH DEFINED 0103 3148
SPRINT CORP COM 852061100 3535 67169 SH DEFINED 0103 67169
STABLE CAPITAL FUND COM 852300987 1147166 88618511 SH DEFINED 0103 88618511
STANDEX INTERNATIONA COM 854231107 4500 150000 SH DEFINED 0128 150000
<PAGE> PAGE 60
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
STANHOME INC COM 854425105 5424 165000 SH DEFINED 0128 165000
STANLEY WORKS THE COM 854616109 12000 300000 SH DEFINED 011614 300000
STANLEY WORKS THE COM 854616109 558 13940 SH DEFINED 0103 13940
STAR TELECOMM INC COM 854923109 994 75000 SH DEFINED 011619 75000
STAR TELECOMM INC COM 854923109 516 38900 SH DEFINED 0102 38900
STAR TELECOMM INC COM 854923109 1271 95900 SH DEFINED 0131 95900
STAR TELECOMM INC COM 854923109 29 2200 SH DEFINED 0103 2200
STARBUCKS COM 855244109 864 22200 SH DEFINED 0102 22200
STARBUCKS COM 855244109 13671 351100 SH DEFINED 0131 351100
STARBUCKS COM 855244109 790 20300 SH DEFINED 0103 20300
STATE STREET CORP COM 857477103 166500 3600000 SH DEFINED 0126 3600000
STATE STREET CORP COM 857477103 83250 1800000 SH DEFINED 011516 1800000
STATION CASINO COM 857689103 4188 500000 SH DEFINED 0128 500000
STATION CASINOS $50 CONV PFD STOCK 857689202 4923 110000 SH DEFINED 0130 110000
STEEL DYNAMICS COM 858119100 625 25000 SH DEFINED 0106 25000
STEIN MART INC COM 858375108 6420 214000 SH DEFINED 011614 214000
STERIS CORP COM 859152100 5606 150000 SH DEFINED 011619 150000
STERLING COMMERCE COM 859205106 11835 360000 SH DEFINED 011619 360000
STERLING COMMERCE COM 859205106 10464 318301 SH DEFINED 0102 318301
STERLING COMMERCE COM 859205106 166 5038 SH DEFINED 0103 5038
STERLING SOFTWARE IN COM 859547101 6563 210000 SH DEFINED 0128 210000
STERLING SOFTWARE IN COM 859547101 9375 300000 SH DEFINED 0106 300000
STERLING SOFTWARE IN COM 859547101 5379 172110 SH DEFINED 0102 172110
STERLING SOFTWARE IN COM 859547101 87 2790 SH DEFINED 0103 2790
STEWART & STEVENSON COM 860342104 4810 185000 SH DEFINED 0128 185000
STEWART ENTERPRISES COM 860370105 6300 150000 SH DEFINED 011619 150000
STEWART ENTERPRISES COM 860370105 12600 300000 SH DEFINED 011614 300000
STEWART ENTERPRISES COM 860370105 790 18800 SH DEFINED 0102 18800
STEWART ENTERPRISES COM 860370105 12377 294700 SH DEFINED 0131 294700
STEWART ENTERPRISES COM 860370105 718 17100 SH DEFINED 0103 17100
STILLWATER MINING COM 860490994 3793 170454 SH DEFINED 0127 170454
STILLWATER MINING COM 860490994 8900 400000 SH DEFINED 0135 400000
STILLWATER MINING CO COM 86074Q102 19294 900000 SH DEFINED 0130 900000
STILLWATER MINING CO COM 86074Q102 8039 375000 SH DEFINED 0106 375000
STILLWATER MINING CO COM 86074Q102 8575 400000 SH DEFINED 0111 400000
STILLWATER MINING CO COM 86074Q102 633 29546 SH DEFINED 0127 29546
STILLWATER MINING CO COM 86074Q102 4823 225000 SH DEFINED 0135 225000
STILLWATER MINING CO COM 86074Q102 4931 230000 SH DEFINED 011619 230000
STILLWATER MINING CO COM 86074Q102 451 21052 SH DEFINED 0102 21052
STILLWATER MINING CO COM 86074Q102 1072 50000 SH DEFINED 01 50000
STONE CONTAINER COM 861589109 222 15494 SH DEFINED 0103 15494
STONE ENERGY CORP COM 861642106 8897 325000 SH DEFINED 0106 325000
STORAGE USA COM 861907103 8606 225000 SH DEFINED 0106 225000
STORAGE USA COM 861907103 4016 105000 SH DEFINED 0107 105000
STORAGE TRUST REALTY COM 861909109 4903 185000 SH DEFINED 0107 185000
STRATEGIST GRWTH COM 86278W103 64 1966 SH DEFINED 01 1966
STRATEGIST GRTH TRND COM 86278W202 64 2638 SH DEFINED 01 2638
STRATEGIST SPEC GROW COM 86278W301 642 100267 SH DEFINED 01 100267
STRATEGIST HIGH YLD COM 86278X101 567 126804 SH DEFINED 01 126804
STRATEGIST GVT INC COM 86278X200 543 109683 SH DEFINED 01 109683
<PAGE> PAGE 61
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
STRATEGIST QLTY INC COM 86278X309 550 59520 SH DEFINED 01 59520
STRATEGIST EQTY INC COM 862788106 638 60540 SH DEFINED 01 60540
STRATEGIST TOTAL RET COM 862788205 616 43610 SH DEFINED 01 43610
STRATEGIST BAL FND COM 862788304 623 39555 SH DEFINED 01 39555
STRATEGIST EQTY FND COM 862788403 649 23875 SH DEFINED 01 23875
STRATEGIST TAX FREE COM 862789104 549 120664 SH DEFINED 01 120664
STRATEGIST WORLD INC COM 862790102 551 87559 SH DEFINED 01 87559
STRATEGIST WLD GRTH COM 862790201 547 68854 SH DEFINED 01 68854
STRATEGIST EMERG MKT COM 862790300 648 100287 SH DEFINED 01 100287
STRATEGIST WORLD TEC COM 862790409 476 100000 SH DEFINED 01 100000
STRIDE RITE CORP COM 863314100 100 7802 SH DEFINED 0103 7802
STRUCTURAL DYNAMICS COM 863555108 3491 133000 SH DEFINED 011619 133000
STRUCTURAL DYNAMICS COM 863555108 13493 514000 SH DEFINED 011614 514000
STRUCTURAL DYNAMICS COM 863555108 11471 436900 SH DEFINED 0102 436900
STRUCTURAL DYNAMICS COM 863555108 188 7150 SH DEFINED 0103 7150
STRYKER CORP COM 863667101 10776 309000 SH DEFINED 011614 309000
STRYKER CORP COM 863667101 482 13827 SH DEFINED 0102 13827
STRYKER CORP COM 863667101 488 14000 SH DEFINED 01 14000
SUN COMMUNITIES INC COM 866674104 6041 180000 SH DEFINED 0128 180000
SUN COMMUNITIES INC COM 866674104 8391 250000 SH DEFINED 0106 250000
SUN COMMUNITIES INC COM 866674104 4699 140000 SH DEFINED 0107 140000
SUN COM 866762107 5890 190000 SH DEFINED 011614 190000
SUN COM 866762107 355 11438 SH DEFINED 0103 11438
SUN MICROSYSTEMS INC COM 866810104 2138 57445 SH DEFINED 0103 57445
SUN AMERICA COM 866930100 5636 115600 SH DEFINED 011619 115600
SUN AM CVT PFD PERC CONV PFD STOCK 866930860 21813 500000 SH DEFINED 0130 500000
SUN AM CVT PFD PERC CONV PFD STOCK 866930860 13088 300000 SH DEFINED 0107 300000
SUNBEAM-OSTER INC COM 867071102 3321 87969 SH DEFINED 0103 87969
SUNDSTRAND CORP COM 867323107 547 9800 SH DEFINED 0102 9800
SUNDSTRAND CORP COM 867323107 7339 131500 SH DEFINED 01 131500
SUNGARD DATA COM 867363103 9300 200000 SH DEFINED 011619 200000
SUNQUEST IND COM 867654105 120 8000 SH DEFINED 0102 8000
SUNRISE MEDICAL COM 867910101 4478 296064 SH DEFINED 0103 296064
SUNTRUST BANKS INC COM 867914103 1917 34816 SH DEFINED 0103 34816
SUPERVALU INC COM 868536103 363 10517 SH DEFINED 0103 10517
SWIFT ENERGY CO COM 870738101 497 20800 SH DEFINED 0102 20800
SWIFT TRANSPORTATION COM 870756103 9588 325000 SH DEFINED 011614 325000
SYBRON CORP COM 87114F106 11763 295000 SH DEFINED 0108 295000
SYBRON CORP COM 87114F106 25919 650000 SH DEFINED 0106 650000
SYBRON CORP COM 87114F106 48619 1219275 SH DEFINED 0102 1219275
SYBRON CORP COM 87114F106 8525 213800 SH DEFINED 0131 213800
SYBRON CORP COM 87114F106 7414 185934 SH DEFINED 0103 185934
SYKES ENTERPRISES COM 871237103 9750 375000 SH DEFINED 0106 375000
SYNOPSYS INC COM 871607107 10812 294190 SH DEFINED 0102 294190
SYNOPSYS INC COM 871607107 3377 91900 SH DEFINED 0131 91900
SYNOPSYS INC COM 871607107 375 10210 SH DEFINED 0103 10210
SYSCO CORPORATION COM 871829107 78 2131 SH DEFINED 0102 2131
SYSCO CORPORATION COM 871829107 1008 27607 SH DEFINED 0103 27607
TCF FINL CORP MPLS COM 872275102 8888 180000 SH DEFINED 0128 180000
TCF FINL CORP MPLS COM 872275102 20984 425000 SH DEFINED 0106 425000
<PAGE> PAGE 62
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TCF FINL CORP MPLS COM 872275102 3834 77660 SH DEFINED 011619 77660
TCF FINL CORP MPLS COM 872275102 9970 201916 SH DEFINED 011614 201916
TCF FINL CORP MPLS COM 872275102 2254 45662 SH DEFINED 0102 45662
TCF FINL CORP MPLS COM 872275102 543 11000 SH DEFINED 01 11000
TECO ENERGY COM 872375100 17894 700000 SH DEFINED 0132 700000
TIG HOLDINGS COM 872469101 26878 859940 SH DEFINED 0102 859940
TJX COS COM 872540109 641 24300 SH DEFINED 0103 24300
TRW COM 872649108 14203 250000 SH DEFINED 0113 250000
TRW COM 872649108 22725 400000 SH DEFINED 0131 400000
TRW COM 872649108 22519 396366 SH DEFINED 0103 396366
TRW COM 872649108 5994 105500 SH DEFINED 01 105500
TSL HOLDINGS INC COM 872918107 0 15 SH DEFINED 0102 15
TVX GOLD INC COM 87308K101 2643 500000 SH DEFINED 0127 500000
TANDEM COMPUTERS COM 875370108 376 18566 SH DEFINED 0103 18566
TANDY CORP COM 875382103 510 9111 SH DEFINED 0103 9111
TECH DATA CORP COM 878237106 28294 900000 SH DEFINED 0106 900000
TECH SOLUTIONS COM 87872T108 5925 150000 SH DEFINED 011619 150000
TECNOL MEDICAL PRODU COM 878755107 6675 300000 SH DEFINED 0128 300000
TECNOL MEDICAL PRODU COM 878755107 4339 195000 SH DEFINED 011614 195000
TEKTRONIX COM 879131100 5520 92000 SH DEFINED 011614 92000
TEKTRONIX COM 879131100 312 5194 SH DEFINED 0103 5194
TELE-COMMUNICATION A COM 87924V101 1541 103588 SH DEFINED 0103 103588
TELE DANMARK ADS COM 879242105 27431 1050000 SH DEFINED 0113 1050000
TELE DANMARK ADS COM 879242105 20900 800000 SH DEFINED 0131 800000
TELE DANMARK ADS COM 879242105 862 33000 SH DEFINED 0103 33000
TELE DANMARK ADS COM 879242105 974 37285 SH DEFINED 01 37285
TELECOM ARGENTINA - COM 879273209 7875 150000 SH DEFINED 0132 150000
TELEBRAS ADR COM 879287100 14340 94500 SH DEFINED 0108 94500
TELEBRAS ADR COM 879287100 18969 125000 SH DEFINED 0132 125000
TELEBRAS ADR COM 879287100 5008 33000 SH DEFINED 0124 33000
TELEBRAS ADR COM 879287100 9864 65000 SH DEFINED 0112 65000
TELEBRAS ADR COM 879287100 15175 100000 SH DEFINED 0135 100000
TELEBRAS ADR COM 879287100 20486 135000 SH DEFINED 011618 135000
TELEBRAS ADR COM 879287100 5842 38500 SH DEFINED 011620 38500
TELEBRAS ADR COM 879287100 14416 95000 SH DEFINED 011617 95000
TELEFONICA DE ARGENT COM 879378206 848 24500 SH DEFINED 0124 24500
TELEFONICA DE ARGENT COM 879378206 2036 58800 SH DEFINED 0112 58800
TELEFONICA DE ARGENT COM 879378206 3054 88200 SH DEFINED 011617 88200
TELEFONICA DE ESPANA COM 879382208 8625 100000 SH DEFINED 0132 100000
TELEFONICA DE ESPANA COM 879382208 10350 120000 SH DEFINED 0135 120000
TELEFONICA DEL PERU COM 879384105 629 24000 SH DEFINED 0124 24000
TELEFONICA DEL PERU COM 879384105 1440 55000 SH DEFINED 0112 55000
TELEFONICA DEL PERU COM 879384105 2147 82000 SH DEFINED 011617 82000
TELEFONOS DE MEXICO COM 879403780 23875 500000 SH DEFINED 0130 500000
TELEFONOS DE MEXICO COM 879403780 1528 32000 SH DEFINED 0124 32000
TELEFONOS DE MEXICO COM 879403780 3629 76000 SH DEFINED 0112 76000
TELEFONOS DE MEXICO COM 879403780 11938 250000 SH DEFINED 0135 250000
TELEFONOS DE MEXICO COM 879403780 5444 114000 SH DEFINED 011617 114000
TELEMUNDO COM 87943M306 2400 100000 SH DEFINED 011619 100000
TELLABS COM 879664100 111750 2000000 SH DEFINED 0126 2000000
<PAGE> PAGE 63
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TELLABS COM 879664100 134100 2400000 SH DEFINED 0111 2400000
TELLABS COM 879664100 2794 50000 SH DEFINED 0124 50000
TELLABS COM 879664100 3677 65800 SH DEFINED 0125 65800
TELLABS COM 879664100 16763 300000 SH DEFINED 011622 300000
TELLABS COM 879664100 33525 600000 SH DEFINED 011623 600000
TELLABS COM 879664100 96715 1730910 SH DEFINED 0102 1730910
TELLABS COM 879664100 31156 557600 SH DEFINED 0131 557600
TELLABS COM 879664100 5009 89641 SH DEFINED 0103 89641
TEMPLE INLAND COM 879868107 469 8682 SH DEFINED 0103 8682
TEMPLETON FOREIGN COM 880196209 5454 473524 SH DEFINED 0103 473524
TENET HEALTHCARE COR COM 88033G100 20694 700000 SH DEFINED 0130 700000
TENET HEALTHCARE COR COM 88033G100 14781 500000 SH DEFINED 0108 500000
TENET HEALTHCARE COR COM 88033G100 8130 275000 SH DEFINED 0124 275000
TENET HEALTHCARE COR COM 88033G100 8425 285000 SH DEFINED 0125 285000
TENET HEALTHCARE COR COM 88033G100 59125 2000000 SH DEFINED 011516 2000000
TENET HEALTHCARE COR COM 88033G100 5735 194000 SH DEFINED 011619 194000
TENET HEALTHCARE COR COM 88033G100 3548 120000 SH DEFINED 011620 120000
TENET HEALTHCARE COR COM 88033G100 97075 3283750 SH DEFINED 0102 3283750
TENET HEALTHCARE COR COM 88033G100 2635 89091 SH DEFINED 0103 89091
TENET HEALTHCARE COR COM 88033G100 5306 179500 SH DEFINED 01 179500
TENNECO INC COM 88037E101 2259 50000 SH DEFINED 0124 50000
TENNECO INC COM 88037E101 3226 71400 SH DEFINED 0125 71400
TENNECO INC COM 88037E101 19431 430000 SH DEFINED 0107 430000
TENNECO INC COM 88037E101 34360 760380 SH DEFINED 0102 760380
TENNECO INC COM 88037E101 2008 44468 SH DEFINED 0103 44468
TENNECO INC COM 88037E101 2263 50080 SH DEFINED 01 50080
TERADYNE INC COM 880770102 47100 1200000 SH DEFINED 011516 1200000
TERADYNE INC COM 880770102 5888 150000 SH DEFINED 011619 150000
TERADYNE INC COM 880770102 9813 250000 SH DEFINED 011614 250000
TEXACO COM 881694103 17400 160000 SH DEFINED 0107 160000
TEXACO COM 881694103 4489 41281 SH DEFINED 0103 41281
TEXAS INSTRUMENTS COM 882508104 33625 400000 SH DEFINED 0126 400000
TEXAS INSTRUMENTS COM 882508104 33625 400000 SH DEFINED 0111 400000
TEXAS INSTRUMENTS COM 882508104 2504 29787 SH DEFINED 0103 29787
TEXAS UTILITIES COM 882848104 1207 35057 SH DEFINED 0103 35057
TEXAS UTILITIES PREFERRED STOCK 882850431 5609 54000 SH DEFINED 0105 54000
TEXAS UTIL $100 PAR PREFERRED STOCK 882850464 5460 50000 SH DEFINED 0105 50000
TEXTRON INC COM 883203101 664 10000 SH DEFINED 0102 10000
TEXTRON INC COM 883203101 1712 25800 SH DEFINED 0103 25800
TEXTRON INC COM 883203101 6969 105000 SH DEFINED 01 105000
THERMO-ELECTRON COM 883556102 13090 385000 SH DEFINED 0108 385000
THERMO-ELECTRON COM 883556102 795 23368 SH DEFINED 0103 23368
THOMAS & BETTS COM 884315102 12141 230974 SH DEFINED 0124 230974
THOMAS & BETTS COM 884315102 11827 225000 SH DEFINED 0125 225000
THOMAS & BETTS COM 884315102 30223 575000 SH DEFINED 0107 575000
THOMAS & BETTS COM 884315102 44678 850000 SH DEFINED 011516 850000
THOMAS & BETTS COM 884315102 15807 300671 SH DEFINED 0102 300671
THOMAS & BETTS COM 884315102 28909 550000 SH DEFINED 0131 550000
THOMAS & BETTS COM 884315102 1752 33340 SH DEFINED 0103 33340
THOMAS & BETTS COM 884315102 4205 80000 SH DEFINED 01 80000
<PAGE> PAGE 64
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
3DFX INTERACTIVE INC COM 88553X103 1170 87500 SH DEFINED 011614 87500
3 COM CORP COM 885535104 11250 250000 SH DEFINED 011618 250000
3 COM CORP COM 885535104 10305 229000 SH DEFINED 011614 229000
3 COM CORP COM 885535104 150102 3335047 SH DEFINED 0102 3335047
3 COM CORP COM 885535104 12416 275899 SH DEFINED 0103 275899
3 COM CORP COM 885535104 6930 154000 SH DEFINED 01 154000
TIFFANY & CO-NEW COM 886547108 11593 251000 SH DEFINED 011614 251000
TIFFANY & CO-NEW COM 886547108 531 11500 SH DEFINED 0102 11500
TIFFANY & CO-NEW COM 886547108 8360 181000 SH DEFINED 0131 181000
TIFFANY & CO-NEW COM 886547108 485 10500 SH DEFINED 0103 10500
TIME WARNER INC COM 887315109 36188 750000 SH DEFINED 011618 750000
TIME WARNER INC COM 887315109 4282 88754 SH DEFINED 0103 88754
TIME WARNER INC COM 887315109 833 17270 SH DEFINED 01 17270
TIMES MIRROR CL A COM 887364107 830 14608 SH DEFINED 0103 14608
TIMKEN CO. COM 887389104 236661 6654798 SH DEFINED 0103 6654798
TITANIUM METAL COM 888339108 10278 325000 SH DEFINED 0106 325000
TORCHMARK CORP COM 891027104 786 11038 SH DEFINED 0103 11038
TOSCO CORP COM 891490302 11577 386700 SH DEFINED 0108 386700
TOSCO CORP COM 891490302 44906 1500000 SH DEFINED 011516 1500000
TOWER AUTO COM 891707101 9675 225000 SH DEFINED 0128 225000
TOWER AUTO COM 891707101 36550 850000 SH DEFINED 011618 850000
TOYS R US COM 892335100 21868 624766 SH DEFINED 0103 624766
TRANSACTION NETWORK COM 893414102 8828 625000 SH DEFINED 0106 625000
TRANSAMERICA CORP COM 893485102 39764 425000 SH DEFINED 0113 425000
TRANSAMERICA CORP COM 893485102 30408 325000 SH DEFINED 0131 325000
TRANSAMERICA CORP COM 893485102 2378 25418 SH DEFINED 0103 25418
TRANSCRYPT INTL COM 89363A101 3282 295000 SH DEFINED 011614 295000
TRANSITION SYSTEMS COM 893715102 3638 200000 SH DEFINED 011619 200000
TRANSITION SYSTEMS COM 893715102 8748 481000 SH DEFINED 011614 481000
TRANSOCEAN OFFSHORE COM 893817106 13073 180000 SH DEFINED 0108 180000
TRANSOCEAN OFFSHORE COM 893817106 43575 600000 SH DEFINED 011516 600000
TRANSOCEAN OFFSHORE COM 893817106 3304 45500 SH DEFINED 011620 45500
TRANSDIGM WARRANTS WARRANT 893900993 1197 3989 SH DEFINED 0104 3989
TRANSDIGM WARRANTS WARRANT 893900993 3358 11194 SH DEFINED 0109 11194
TRAVEL/AETNA PROP COM 893939108 39875 1000000 SH DEFINED 0130 1000000
TRAVEL/AETNA PROP COM 893939108 37881 950000 SH DEFINED 011618 950000
TRAVEL/AETNA PROP COM 893939108 2871 72000 SH DEFINED 011620 72000
TRAVEL/AETNA PROP COM 893939108 79793 2000980 SH DEFINED 0102 2000980
TRAVEL/AETNA PROP COM 893939108 10080 252800 SH DEFINED 0131 252800
TRAVEL/AETNA PROP COM 893939108 1049 26300 SH DEFINED 0103 26300
TRAVEL/AETNA PROP COM 893939108 7138 179000 SH DEFINED 01 179000
TRAVELERS INC NEW COM 894190107 4414 70000 SH DEFINED 0108 70000
TRAVELERS INC NEW COM 894190107 145044 2300000 SH DEFINED 0126 2300000
TRAVELERS INC NEW COM 894190107 126125 2000000 SH DEFINED 0111 2000000
TRAVELERS INC NEW COM 894190107 10342 164000 SH DEFINED 0124 164000
TRAVELERS INC NEW COM 894190107 9834 155933 SH DEFINED 0125 155933
TRAVELERS INC NEW COM 894190107 9459 150000 SH DEFINED 011622 150000
TRAVELERS INC NEW COM 894190107 18919 300000 SH DEFINED 011623 300000
TRAVELERS INC NEW COM 894190107 63063 1000000 SH DEFINED 011516 1000000
TRAVELERS INC NEW COM 894190107 64639 1025000 SH DEFINED 011618 1025000
<PAGE> PAGE 65
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TRAVELERS INC NEW COM 894190107 4288 68000 SH DEFINED 011620 68000
TRAVELERS INC NEW COM 894190107 123355 1956075 SH DEFINED 0102 1956075
TRAVELERS INC NEW COM 894190107 8133 128974 SH DEFINED 0103 128974
TRAVELERS INC NEW COM 894190107 12265 194489 SH DEFINED 01 194489
TRIANGLE WIRE & CABL COM 895929107 211 211111 SH DEFINED 0104 211111
TRIANGLE WIRE & CABL COM 895929107 549 548889 SH DEFINED 0109 548889
TRIANGLE WIRE & CABL COM 895929107 84 84444 SH DEFINED 011621 84444
TRIBUNE CO COM 896047107 924 19225 SH DEFINED 0103 19225
TRIGON HEALTHCARE COM 89618L100 2425 100000 SH DEFINED 0106 100000
TUPPERWARE CORP COM 899896104 354 9712 SH DEFINED 0103 9712
TULTEX CORP COM 899900104 212 34648 SH DEFINED 0102 34648
TYCO INTERNATIONAL COM 902120104 26434 380000 SH DEFINED 0108 380000
TYCO INTERNATIONAL COM 902120104 146081 2100000 SH DEFINED 0126 2100000
TYCO INTERNATIONAL COM 902120104 69563 1000000 SH DEFINED 0111 1000000
TYCO INTERNATIONAL COM 902120104 11763 169100 SH DEFINED 0124 169100
TYCO INTERNATIONAL COM 902120104 11958 171900 SH DEFINED 0125 171900
TYCO INTERNATIONAL COM 902120104 6261 90000 SH DEFINED 011622 90000
TYCO INTERNATIONAL COM 902120104 13913 200000 SH DEFINED 011623 200000
TYCO INTERNATIONAL COM 902120104 83475 1200000 SH DEFINED 011516 1200000
TYCO INTERNATIONAL COM 902120104 43477 625000 SH DEFINED 011618 625000
TYCO INTERNATIONAL COM 902120104 9739 140000 SH DEFINED 011619 140000
TYCO INTERNATIONAL COM 902120104 6142 88300 SH DEFINED 011620 88300
TYCO INTERNATIONAL COM 902120104 41738 600000 SH DEFINED 011614 600000
TYCO INTERNATIONAL COM 902120104 105619 1518276 SH DEFINED 0102 1518276
TYCO INTERNATIONAL COM 902120104 19436 279400 SH DEFINED 0131 279400
TYCO INTERNATIONAL COM 902120104 4647 66807 SH DEFINED 0103 66807
TYCO INTERNATIONAL COM 902120104 8557 123000 SH DEFINED 01 123000
UCAR INTERNATIONAL COM 90262K109 36600 800000 SH DEFINED 0130 800000
UCAR INTERNATIONAL COM 90262K109 6863 150000 SH DEFINED 0108 150000
UCAR INTERNATIONAL COM 90262K109 14869 325000 SH DEFINED 0135 325000
UCAR INTERNATIONAL COM 90262K109 27130 593000 SH DEFINED 011516 593000
UCAR INTERNATIONAL COM 90262K109 2562 56000 SH DEFINED 011620 56000
UCAR INTERNATIONAL COM 90262K109 11438 250000 SH DEFINED 011614 250000
UCAR INTERNATIONAL COM 90262K109 26884 587587 SH DEFINED 0102 587587
UCAR INTERNATIONAL COM 90262K109 5650 123500 SH DEFINED 01 123500
USX MARATHON GROUP COM 902905827 1295 44863 SH DEFINED 0103 44863
UST INC COM 902911106 27750 1000000 SH DEFINED 0113 1000000
UST INC COM 902911106 19425 700000 SH DEFINED 0131 700000
UST INC COM 902911106 1611 58050 SH DEFINED 0103 58050
UST INC COM 902911106 5794 208800 SH DEFINED 01 208800
USA WASTE SERVICES I COM 902917103 15836 410000 SH DEFINED 0108 410000
USA WASTE SERVICES I COM 902917103 77250 2000000 SH DEFINED 0126 2000000
USA WASTE SERVICES I COM 902917103 76284 1975000 SH DEFINED 0111 1975000
USA WASTE SERVICES I COM 902917103 7725 200000 SH DEFINED 011622 200000
USA WASTE SERVICES I COM 902917103 14678 380000 SH DEFINED 011623 380000
USA WASTE SERVICES I COM 902917103 77250 2000000 SH DEFINED 011516 2000000
USA WASTE SERVICES I COM 902917103 5794 150000 SH DEFINED 011619 150000
USA WASTE SERVICES I COM 902917103 3863 100000 SH DEFINED 011620 100000
USA WASTE SERVICES I COM 902917103 9656 250000 SH DEFINED 011614 250000
USA WASTE SERVICES I COM 902917103 63645 1647745 SH DEFINED 0102 1647745
<PAGE> PAGE 66
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
USA WASTE SERVICES I COM 902917103 27298 706750 SH DEFINED 0131 706750
USA WASTE SERVICES I COM 902917103 2373 61440 SH DEFINED 0103 61440
USA WASTE SERVICES I COM 902917103 4867 126000 SH DEFINED 01 126000
US RENTALS INC COM 902966100 4040 160000 SH DEFINED 011619 160000
UNUM CORP COM 903192102 11542 274800 SH DEFINED 0108 274800
UNUM CORP COM 903192102 40320 960000 SH DEFINED 0126 960000
UNUM CORP COM 903192102 16800 400000 SH DEFINED 0124 400000
UNUM CORP COM 903192102 22882 544800 SH DEFINED 0125 544800
UNUM CORP COM 903192102 8 200 SH DEFINED 011618 200
UNUM CORP COM 903192102 2940 70000 SH DEFINED 011619 70000
UNUM CORP COM 903192102 363711 8659799 SH DEFINED 0102 8659799
UNUM CORP COM 903192102 11290 268800 SH DEFINED 0131 268800
UNUM CORP COM 903192102 5696 135620 SH DEFINED 0103 135620
UNUM CORP COM 903192102 16422 391000 SH DEFINED 01 391000
URS CORP COM 903236107 2324 177063 SH DEFINED 0103 177063
U S F & G CORP COM 903290104 434 18088 SH DEFINED 0103 18088
USX-US STEEL GROUP COM 90337T101 467 13320 SH DEFINED 0103 13320
ULTRAMAR DIAMOND SHA COM 904000106 30178 925000 SH DEFINED 0113 925000
ULTRAMAR DIAMOND SHA COM 904000106 816 25000 SH DEFINED 0103 25000
UNIBANCO ADR COM 90458E107 4251 114500 SH DEFINED 0108 114500
UNIBANCO ADR COM 90458E107 14850 400000 SH DEFINED 0135 400000
UNIBANCO ADR COM 90458E107 12066 325000 SH DEFINED 011618 325000
UNIBANCO ADR COM 90458E107 681 18350 SH DEFINED 0102 18350
UNIBANCO ADR COM 90458E107 10703 288300 SH DEFINED 0131 288300
UNIBANCO ADR COM 90458E107 620 16700 SH DEFINED 0103 16700
UNIFI, INC. COM 904677101 7101 190000 SH DEFINED 0108 190000
UNIFI, INC. COM 904677101 3738 100000 SH DEFINED 011620 100000
UNIFI, INC. COM 904677101 4653 124500 SH DEFINED 01 124500
UNILEVER NV NY SHRS COM 904784501 42813 200000 SH DEFINED 0130 200000
UNILEVER NV NY SHRS COM 904784501 5350 24994 SH DEFINED 0103 24994
UNICOM CORP COM 904911104 750 33705 SH DEFINED 0103 33705
UNION CAMP CORP COM 905530101 30000 600000 SH DEFINED 0113 600000
UNION CAMP CORP COM 905530101 19000 380000 SH DEFINED 0107 380000
UNION CAMP CORP COM 905530101 23750 475000 SH DEFINED 0131 475000
UNION CAMP CORP COM 905530101 1647 32931 SH DEFINED 0103 32931
UNION CARBIDE CORP COM 905581104 939 19951 SH DEFINED 0103 19951
UNION ELECTRIC COM 906548102 14133 375000 SH DEFINED 0113 375000
UNION ELECTRIC COM 906548102 11306 300000 SH DEFINED 0131 300000
UNION ELECTRIC COM 906548102 1129 29942 SH DEFINED 0103 29942
UNION PACIFIC CORP COM 907818108 21150 300000 SH DEFINED 0130 300000
UNION PACIFIC CORP COM 907818108 35250 500000 SH DEFINED 0113 500000
UNION PACIFIC CORP COM 907818108 35250 500000 SH DEFINED 011516 500000
UNION PACIFIC CORP COM 907818108 17625 250000 SH DEFINED 011618 250000
UNION PACIFIC CORP COM 907818108 26438 375000 SH DEFINED 0131 375000
UNION PACIFIC CORP COM 907818108 3893 55206 SH DEFINED 0103 55206
UNION PACIFIC CORP COM 907818108 7367 104500 SH DEFINED 01 104500
UP RESOURSE COM 907834105 11194 450000 SH DEFINED 011516 450000
UP RESOURSE COM 907834105 972 39062 SH DEFINED 0103 39062
UNISOURCE COM 909208100 12000 750000 SH DEFINED 0113 750000
UNISOURCE COM 909208100 24640 1540000 SH DEFINED 0107 1540000
<PAGE> PAGE 67
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNISOURCE COM 909208100 28878 1804787 SH DEFINED 0102 1804787
UNISOURCE COM 909208100 678 42400 SH DEFINED 0103 42400
UNISYS CORP COM 909214108 208 27331 SH DEFINED 0103 27331
UTD DOMINION IND LTD COM 909914103 4333 176425 SH DEFINED 0103 176425
UNITED DOMINION REAL COM 910197102 16670 1175000 SH DEFINED 0113 1175000
UNITED DOMINION REAL COM 910197102 9222 650000 SH DEFINED 0131 650000
UNITED DOMINION REAL COM 910197102 426 30000 SH DEFINED 0103 30000
UNITED HEALTHCARE COM 910581107 65000 1250000 SH DEFINED 0126 1250000
UNITED HEALTHCARE COM 910581107 52000 1000000 SH DEFINED 0111 1000000
UNITED HEALTHCARE COM 910581107 5200 100000 SH DEFINED 0124 100000
UNITED HEALTHCARE COM 910581107 3900 75000 SH DEFINED 0125 75000
UNITED HEALTHCARE COM 910581107 36400 700000 SH DEFINED 011618 700000
UNITED HEALTHCARE COM 910581107 4089 78634 SH DEFINED 0102 78634
UNITED HEALTHCARE COM 910581107 2102 40422 SH DEFINED 0103 40422
UNITED HEALTHCARE COM 910581107 3822 73500 SH DEFINED 01 73500
UNITED MERIDIAN CORP COM 910865104 1950 65000 SH DEFINED 0128 65000
UNITED MERIDIAN CORP COM 910865104 7500 250000 SH DEFINED 0106 250000
UNITED MERIDIAN CORP COM 910865104 5700 190000 SH DEFINED 0135 190000
UNITED MERIDIAN CORP COM 910865104 458 15250 SH DEFINED 0102 15250
UNITED MERIDIAN CORP COM 910865104 10587 352900 SH DEFINED 0131 352900
UNITED MERIDIAN CORP COM 910865104 513 17100 SH DEFINED 0103 17100
U.S. BANCORP COM 911596104 1516 23640 SH DEFINED 0103 23640
U S FILTER CORP COM 911843209 9658 354300 SH DEFINED 0102 354300
U S FILTER CORP COM 911843209 5664 207850 SH DEFINED 0131 207850
U S FILTER CORP COM 911843209 485 17800 SH DEFINED 0103 17800
US AIR GROUP INC. COM 911905107 427 12206 SH DEFINED 0103 12206
US LONG DISTANCE COM 911912202 12972 752000 SH DEFINED 011614 752000
US OFFICE PRODUCTS * COM 912325107 3362 110000 SH DEFINED 0106 110000
U. S. SURGICAL CORP COM 912707106 410 10996 SH DEFINED 0103 10996
U S WEST COM 912889102 33919 900000 SH DEFINED 0130 900000
U S WEST COM 912889102 15075 400000 SH DEFINED 0132 400000
U S WEST COM 912889102 7538 200000 SH DEFINED 0124 200000
U S WEST COM 912889102 7538 200000 SH DEFINED 0125 200000
U S WEST COM 912889102 607 16100 SH DEFINED 0102 16100
U S WEST COM 912889102 3854 102263 SH DEFINED 0103 102263
US WEST MEDIA COM 912889201 1975 97527 SH DEFINED 0103 97527
UNITED TECHNOLOGIES COM 913017109 7470 90000 SH DEFINED 0108 90000
UNITED TECHNOLOGIES COM 913017109 166000 2000000 SH DEFINED 0126 2000000
UNITED TECHNOLOGIES COM 913017109 4150 50000 SH DEFINED 0124 50000
UNITED TECHNOLOGIES COM 913017109 4773 57500 SH DEFINED 0125 57500
UNITED TECHNOLOGIES COM 913017109 37350 450000 SH DEFINED 011618 450000
UNITED TECHNOLOGIES COM 913017109 2125 25600 SH DEFINED 011620 25600
UNITED TECHNOLOGIES COM 913017109 522 6300 SH DEFINED 0102 6300
UNITED TECHNOLOGIES COM 913017109 3327 40081 SH DEFINED 0103 40081
UNITED TECHNOLOGIES COM 913017109 6752 81350 SH DEFINED 01 81350
UNITED WASTE SYS INC COM 913174108 7011 171000 SH DEFINED 011619 171000
UNITED WASTE SYS INC COM 913174108 39747 969400 SH DEFINED 0102 969400
UNITED WASTE SYS INC COM 913174108 14785 360600 SH DEFINED 0131 360600
UNITED WASTE SYS INC COM 913174108 1277 31140 SH DEFINED 0103 31140
UNITED WISCONSIN SVC COM 913236105 6510 193258 SH DEFINED 0103 193258
<PAGE> PAGE 68
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNITRODE COM 913283107 6297 125000 SH DEFINED 011619 125000
UNIVERSAL OUTDOOR COM 91377M105 8719 250000 SH DEFINED 0106 250000
UNIVISION COM 914906102 8803 225000 SH DEFINED 0106 225000
UNOCAL CORP COM 915289102 27169 700000 SH DEFINED 0130 700000
UNOCAL CORP COM 915289102 62100 1600000 SH DEFINED 0126 1600000
UNOCAL CORP COM 915289102 5822 150000 SH DEFINED 0132 150000
UNOCAL CORP COM 915289102 9121 235000 SH DEFINED 0124 235000
UNOCAL CORP COM 915289102 11644 300000 SH DEFINED 0125 300000
UNOCAL CORP COM 915289102 34931 900000 SH DEFINED 011516 900000
UNOCAL CORP COM 915289102 83055 2139929 SH DEFINED 0102 2139929
UNOCAL CORP COM 915289102 3599 92709 SH DEFINED 0103 92709
UNOCAL CORP COM 915289102 4890 126000 SH DEFINED 01 126000
URBAN SHOPPING CTRS COM 917060105 15058 472400 SH DEFINED 0131 472400
V. F. CORP COM 918204108 854 10032 SH DEFINED 0103 10032
VLSI TECHNOLOGY INC COM 918270109 655 27745 SH DEFINED 0102 27745
VLSI TECHNOLOGY INC COM 918270109 673 28500 SH DEFINED 01 28500
VAIL RESORTS INC COM 91879Q109 2734 108000 SH DEFINED 0128 108000
STAR PORTFOLIO COM 921909107 2 121 SH DEFINED 01 121
VANTIVE COM 922091103 2825 100000 SH DEFINED 0106 100000
VAUGHN BASSETT FURN COM 922272117 36 1188 SH DEFINED 0102 1188
VAUGHAN-BASSETT FURN COM 92238L104 17 200 SH DEFINED 0102 200
VEECO COM 922417100 1651 42600 SH DEFINED 0102 42600
VERILINK COM 923432108 1050 100000 SH DEFINED 011619 100000
VERITAS SOFTWARE COM 923436109 4523 90000 SH DEFINED 011619 90000
VERITAS SOFTWARE COM 923436109 8040 160000 SH DEFINED 011614 160000
VERITAS SOFTWARE COM 923436109 5831 116036 SH DEFINED 0102 116036
VERITAS SOFTWARE COM 923436109 3523 70100 SH DEFINED 0131 70100
VERITAS SOFTWARE COM 923436109 301 6000 SH DEFINED 0103 6000
VESSEL CHARTERS INC COM 925400996 0 25000 SH DEFINED 0102 25000
VIASOFT COM 92552U102 3553 70000 SH DEFINED 0106 70000
VIACOM INC WTS C '97 WARRANT 925524126 3 350000 SH DEFINED 011516 350000
VIACOM INC CL B COM 925524308 1656 55185 SH DEFINED 0103 55185
VIKING OFFICE PRODS COM 926913104 2090 110000 SH DEFINED 0106 110000
VIKING OFFICE PRODS COM 926913104 7790 410000 SH DEFINED 011614 410000
VIRGINIA-AMER WTR CO PREFERRED STOCK 927990200 199 2200 SH DEFINED 0113 2200
VISHAY INTRTECHNOLOG COM 928298108 19142 661500 SH DEFINED 0111 661500
VISHAY INTRTECHNOLOG COM 928298108 201 6945 SH DEFINED 0102 6945
WHX CORPORATION COM 929248102 1947 255326 SH DEFINED 0103 255326
WICOR INC COM 929253102 7788 200000 SH DEFINED 0132 200000
WPP GROUP PLC -ADR COM 929309300 7500 184051 SH DEFINED 0103 184051
WABAN INC COM 929394104 2486 77246 SH DEFINED 0103 77246
WACHOVIA CORP COM 929771103 1503 25776 SH DEFINED 0103 25776
WAL MART STORES COM 931142103 33813 1000000 SH DEFINED 0130 1000000
WAL MART STORES COM 931142103 10708 316700 SH DEFINED 0124 316700
WAL MART STORES COM 931142103 19591 579400 SH DEFINED 0125 579400
WAL MART STORES COM 931142103 67625 2000000 SH DEFINED 011516 2000000
WAL MART STORES COM 931142103 20288 600000 SH DEFINED 011618 600000
WAL MART STORES COM 931142103 126570 3743525 SH DEFINED 0102 3743525
WAL MART STORES COM 931142103 15433 456467 SH DEFINED 0103 456467
WAL MART STORES COM 931142103 2435 72000 SH DEFINED 01 72000
<PAGE> PAGE 69
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WALBRO CORP COM 931154108 3958 195438 SH DEFINED 0103 195438
WALGREEN CO. COM 931422109 13406 250000 SH DEFINED 011614 250000
WALGREEN CO. COM 931422109 790 14724 SH DEFINED 0102 14724
WALGREEN CO. COM 931422109 2060 38410 SH DEFINED 0103 38410
WALGREEN CO. COM 931422109 751 14000 SH DEFINED 01 14000
WARNACO COM 934390105 1275 40000 SH DEFINED 01 40000
WARNER LAMBERT CO COM 934488107 5269 42407 SH DEFINED 0103 42407
WASHINGTON GAS LIGHT COM 938837101 5402 215000 SH DEFINED 0132 215000
WASHINGTON MUT INC COM 939322103 29875 500000 SH DEFINED 0130 500000
WASHINGTON MUT INC COM 939322103 16730 280000 SH DEFINED 0108 280000
WASHINGTON MUT INC COM 939322103 89625 1500000 SH DEFINED 0111 1500000
WASHINGTON MUT INC COM 939322103 20315 340000 SH DEFINED 0107 340000
WASHINGTON MUT INC COM 939322103 9560 160000 SH DEFINED 011622 160000
WASHINGTON MUT INC COM 939322103 17925 300000 SH DEFINED 011623 300000
WASHINGTON MUT INC COM 939322103 65725 1100000 SH DEFINED 011516 1100000
WASHINGTON MUT INC COM 939322103 50788 850000 SH DEFINED 011618 850000
WASHINGTON MUT INC COM 939322103 6172 103300 SH DEFINED 011619 103300
WASHINGTON MUT INC COM 939322103 4702 78700 SH DEFINED 011620 78700
WASHINGTON MUT INC COM 939322103 13560 226950 SH DEFINED 011614 226950
WASHINGTON MUT INC COM 939322103 116235 1945420 SH DEFINED 0102 1945420
WASHINGTON MUT INC COM 939322103 9674 161900 SH DEFINED 0131 161900
WASHINGTON MUT INC COM 939322103 1446 24200 SH DEFINED 0103 24200
WASHINGTON MUT INC COM 939322103 18397 307900 SH DEFINED 01 307900
WASTE MANAGEMENT INC COM 94106K101 69 2161 SH DEFINED 0102 2161
WASTE MANAGEMENT INC COM 94106K101 2271 70681 SH DEFINED 0103 70681
WATERS CORPORATION COM 941848103 9866 275000 SH DEFINED 0106 275000
WATSON PHARMACEUTICA COM 942683103 25350 600000 SH DEFINED 0106 600000
WATSON PHARMACEUTICA COM 942683103 8450 200000 SH DEFINED 011619 200000
WATSON PHARMACEUTICA COM 942683103 11112 263000 SH DEFINED 011614 263000
WATSON PHARMACEUTICA COM 942683103 17072 404100 SH DEFINED 0102 404100
WATSON PHARMACEUTICA COM 942683103 6819 161400 SH DEFINED 0131 161400
WATSON PHARMACEUTICA COM 942683103 560 13250 SH DEFINED 0103 13250
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0104 32502
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0109 32502
WELLS FARGO & CO COM 949740104 3903 14483 SH DEFINED 0103 14483
WENDYS INTL INC COM 950590109 525 20257 SH DEFINED 0103 20257
WEST COMPANY COM 953348109 10675 372923 SH DEFINED 0103 372923
WEST TELESVCS CORP COM 956188106 2213 150000 SH DEFINED 0106 150000
WESTERN ATLAS INC COM 957674104 616 8412 SH DEFINED 0103 8412
WESTERN DIGITAL COM 958102105 29095 920000 SH DEFINED 0126 920000
WESTERN DIGITAL COM 958102105 1531 48400 SH DEFINED 0102 48400
WESTERN RES COM 959425109 12975 400000 SH DEFINED 0131 400000
WESTERN RES COM 959425109 389 12000 SH DEFINED 0103 12000
WESTERN RESOURCE INC PREFERRED STOCK 959425406 599 10000 SH DEFINED 0113 10000
WESTERN RESOURCES PREFERRED STOCK 959425604 7947 76000 SH DEFINED 0105 76000
WESTERN RESOURCES PREFERRED STOCK 959425604 7319 70000 SH DEFINED 01 70000
WESTINGHOUSE ELEC COM 960402105 9713 420000 SH DEFINED 0108 420000
WESTINGHOUSE ELEC COM 960402105 34688 1500000 SH DEFINED 0126 1500000
WESTINGHOUSE ELEC COM 960402105 5735 248000 SH DEFINED 0124 248000
WESTINGHOUSE ELEC COM 960402105 7645 330600 SH DEFINED 0125 330600
<PAGE> PAGE 70
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WESTINGHOUSE ELEC COM 960402105 57813 2500000 SH DEFINED 011516 2500000
WESTINGHOUSE ELEC COM 960402105 3353 145000 SH DEFINED 011620 145000
WESTINGHOUSE ELEC COM 960402105 1241 53661 SH DEFINED 0102 53661
WESTINGHOUSE ELEC COM 960402105 11723 506926 SH DEFINED 0131 506926
WESTINGHOUSE ELEC COM 960402105 11044 477640 SH DEFINED 0103 477640
WESTINGHOUSE ELEC COM 960402105 2833 122500 SH DEFINED 01 122500
WESTPOINT STEVENS IN COM 961238102 9781 250000 SH DEFINED 011614 250000
WESTVACO CORP COM 961548104 500 15908 SH DEFINED 0103 15908
WEYERHAUESER COM 962166104 37700 725000 SH DEFINED 0113 725000
WEYERHAUESER COM 962166104 10400 200000 SH DEFINED 0107 200000
WEYERHAUESER COM 962166104 28600 550000 SH DEFINED 0131 550000
WEYERHAUESER COM 962166104 2755 52983 SH DEFINED 0103 52983
WEYERHAUESER COM 962166104 5148 99000 SH DEFINED 01 99000
WHIRLPOOL CORP COM 963320106 635 11643 SH DEFINED 0103 11643
WHIRLPOOL FIN $100 B PREFERRED STOCK 963328208 18576 180000 SH DEFINED 0105 180000
WHITMAN CORP COM 96647K102 410 16189 SH DEFINED 0103 16189
WHITMAN & HART COM 966834103 5625 200000 SH DEFINED 011619 200000
WILLAMETTE IND INC COM 969133107 28000 400000 SH DEFINED 011516 400000
WILLAMETTE IND INC COM 969133107 1750 25000 SH DEFINED 011620 25000
WILLAMETTE IND INC COM 969133107 606 8664 SH DEFINED 0103 8664
WILLIAM COMPANIES COM 969457100 1073 24536 SH DEFINED 0103 24536
WILLIAMS SONOMA COM 969904101 6370 149000 SH DEFINED 011614 149000
WINN-DIXIE COM 974280109 875 23499 SH DEFINED 0103 23499
WINSTAR SR SUB DIS CONV BOND 975515AB3 6000 10000000 PRN DEFINED 0109 10000000
WIRELESS ONE COM 97652H109 64 25000 SH DEFINED 0109 25000
WIRELESS ONE WTS COM 97652H117 17 23250 SH DEFINED 0109 23250
WISCONSIN CENTRAL TR COM 976592105 2608 70000 SH DEFINED 0108 70000
WISCONSIN CENTRAL TR COM 976592105 55875 1500000 SH DEFINED 0111 1500000
WISCONSIN CENTRAL TR COM 976592105 2608 70000 SH DEFINED 011620 70000
WISCONSIN CENTRAL TR COM 976592105 5367 144050 SH DEFINED 0102 144050
WISCONSIN CENTRAL TR COM 976592105 6224 167100 SH DEFINED 0131 167100
WISCONSIN CENTRAL TR COM 976592105 455 12200 SH DEFINED 0103 12200
WOLVERINE COM 978097103 12894 424500 SH DEFINED 011614 424500
WOLVERINE COM 978097103 29905 984500 SH DEFINED 0102 984500
WOLVERINE COM 978097103 374 12300 SH DEFINED 0103 12300
WOOLWORTH CORP COM 980883102 503 20956 SH DEFINED 0103 20956
WORLDCOM INC COM 98155K102 4160 130000 SH DEFINED 0108 130000
WORLDCOM INC COM 98155K102 64000 2000000 SH DEFINED 0126 2000000
WORLDCOM INC COM 98155K102 76800 2400000 SH DEFINED 0111 2400000
WORLDCOM INC COM 98155K102 7680 240000 SH DEFINED 0124 240000
WORLDCOM INC COM 98155K102 10074 314800 SH DEFINED 0125 314800
WORLDCOM INC COM 98155K102 6720 210000 SH DEFINED 011622 210000
WORLDCOM INC COM 98155K102 16800 525000 SH DEFINED 011623 525000
WORLDCOM INC COM 98155K102 3200 100000 SH DEFINED 011619 100000
WORLDCOM INC COM 98155K102 11520 360000 SH DEFINED 011614 360000
WORLDCOM INC COM 98155K102 42627 1331900 SH DEFINED 0102 1331900
WORLDCOM INC COM 98155K102 6284 196408 SH DEFINED 0103 196408
WORLDCOM INC COM 98155K102 1280 40000 SH DEFINED 01 40000
WORLDCOM INC CVT PFD CONV PFD STOCK 98155K300 11974 106200 SH DEFINED 0132 106200
WORTHINGTON IND COM 981811102 276 15092 SH DEFINED 0103 15092
<PAGE> PAGE 71
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WRIGLEY WM JR CO COM 982526105 1217 18167 SH DEFINED 0103 18167
XILINX COM 983919101 3292 67100 SH DEFINED 011619 67100
XILINX COM 983919101 12413 253000 SH DEFINED 011614 253000
XILINX COM 983919101 14924 304094 SH DEFINED 0102 304094
XILINX COM 983919101 7929 161600 SH DEFINED 0131 161600
XILINX COM 983919101 613 12500 SH DEFINED 0103 12500
XILINX COM 983919101 4514 92000 SH DEFINED 01 92000
XEROX COM 984121103 14198 180000 SH DEFINED 0135 180000
XEROX COM 984121103 3996 50667 SH DEFINED 0103 50667
YAHOO INC COM 984332106 1304 37000 SH DEFINED 0128 37000
YORK GROUP INC COM 986632107 2156 115000 SH DEFINED 0128 115000
ZERO CORP COM 989484100 6510 248000 SH DEFINED 0128 248000
ZERO CORP COM 989484100 537 20452 SH DEFINED 0103 20452
FLAGSTAR STABLE VALU COM 9900072E5 10103 961712 SH DEFINED 0103 961712
INCOME FUND III COM 990007213 9891 792505 SH DEFINED 0103 792505
SIEBE STABLE VALUE COM 990007742 75963 6844802 SH DEFINED 0103 6844802
EMERGING GROWTH 2 COM 990007916 5750 555386 SH DEFINED 0103 555386
STABLE CAPITAL II COM 990007940 11014 905790 SH DEFINED 0103 905790
AM EXP RESEARCH 839 COM 990008393 26518 822361 SH DEFINED 0103 822361
FEDERAL INCOME FUND COM 990008443 85537 5851111 SH DEFINED 0103 5851111
EQY BASE INDEX COM 990008450 952473 37936516 SH DEFINED 0103 37936516
EQUITY INDEX 2 COM 990008484 4285 182788 SH DEFINED 0103 182788
AM EXP TST BND 831 COM 990009086 34589 711566 SH DEFINED 0103 711566
AM EXP TST EMERG 837 COM 990009300 14973 187519 SH DEFINED 0103 187519
AM EXP TST CORE 838 COM 990009318 21841 212829 SH DEFINED 0103 212829
MANAGED GIC FUND COM 990009326 126800 4669474 SH DEFINED 0103 4669474
INTERNATION COM 990009995 3946 347542 SH DEFINED 0103 347542
EQUITY INDEX 3 COM 990018509 5999 278055 SH DEFINED 0103 278055
MEXICO VALUE REC RTS COM 991996133 0 1000 SH DEFINED 0110 1000
STATE STREET BOND COM 994691343 957 89789 SH DEFINED 0103 89789
STATE STREET EAFE COM 994691350 1422 124552 SH DEFINED 0103 124552
REPORT SUMMARY 3431 DATA RECORDS 62791358 35 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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