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Previous: SPARTA SURGICAL CORP, 8-K, 1997-01-29 |
Next: COLLEGE & UNIVERSITY FACILITY LOAN TRUST ONE, NSAR-B, 1997-01-29 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/96
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 12/31/96
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 21044 350000 SH DEFINED 0108 350000
ACE LIMITED COM G0070K103 96200 1600000 SH DEFINED 0126 1600000
ACE LIMITED COM G0070K103 5788 96273 SH DEFINED 0128 96273
ACE LIMITED COM G0070K103 15436 256728 SH DEFINED 0124 256728
ACE LIMITED COM G0070K103 47180 784700 SH DEFINED 011516 784700
ACE LIMITED COM G0070K103 2285 38000 SH DEFINED 011619 38000
ACE LIMITED COM G0070K103 10522 175000 SH DEFINED 011614 175000
ACE LIMITED COM G0070K103 246 4100 SH DEFINED 0102 4100
ACE LIMITED COM G0070K103 7047 117200 SH DEFINED 0131 117200
ACE LIMITED COM G0070K103 379 6300 SH DEFINED 0103 6300
AMWY ASIA COM G0352M108 63351 1495000 SH DEFINED 011516 1495000
CREDICORP COM G2519Y108 2035 110000 SH DEFINED 0128 110000
CREDICORP COM G2519Y108 6475 350000 SH DEFINED 0135 350000
EXEL LTD COM G3242A102 37875 1000000 SH DEFINED 0130 1000000
EXEL LTD COM G3242A102 5303 140000 SH DEFINED 01 140000
GEM STAR COM G3788V106 2625 150000 SH DEFINED 0111 150000
LORAL SPACE & COMM COM G56462107 24347 1325000 SH DEFINED 011618 1325000
MIDOCEAN LTD COM G61061100 16013 305000 SH DEFINED 0107 305000
MIDOCEAN LTD COM G61061100 26250 500000 SH DEFINED 011516 500000
MIDOCEAN LTD COM G61061100 3938 75000 SH DEFINED 011619 75000
MIDOCEAN LTD COM G61061100 16118 307000 SH DEFINED 011614 307000
TERRA NOVA COM G87615103 7525 350000 SH DEFINED 0128 350000
TERRA NOVA COM G87615103 10750 500000 SH DEFINED 011516 500000
TOMMY HILFIGER COM G8915Z102 1824 38000 SH DEFINED 011620 38000
MILLICOM INT'L CELL COM L6388F102 16063 500000 SH DEFINED 0130 500000
ASM LITHOGRAPHY COM N07059111 1196 24000 SH DEFINED 011619 24000
ASM LITHOGRAPHY COM N07059111 4657 93500 SH DEFINED 011614 93500
ASM LITHOGRAPHY COM N07059111 283 5700 SH DEFINED 0102 5700
ASM LITHOGRAPHY COM N07059111 548 11000 SH DEFINED 01 11000
BAAN CO THE COM N08044104 5213 150000 SH DEFINED 0108 150000
BAAN CO THE COM N08044104 2850 82000 SH DEFINED 011619 82000
BAAN CO THE COM N08044104 10912 314000 SH DEFINED 011614 314000
BAAN CO THE COM N08044104 297 8550 SH DEFINED 0102 8550
BAAN CO THE COM N08044104 8665 249350 SH DEFINED 0131 249350
BAAN CO THE COM N08044104 431 12400 SH DEFINED 0103 12400
ELSAG BAILEY PROCS A COM N2925S101 3525 188000 SH DEFINED 01 188000
NEW HOLLAND ADR COM N62648105 4885 234000 SH DEFINED 0135 234000
STEINER LEISURE LTD COM P8744Y102 7547 375000 SH DEFINED 011614 375000
SUN INTL COM P8797T133 10038 275000 SH DEFINED 0135 275000
SUN INTL COM P8797T133 2190 60000 SH DEFINED 011619 60000
SUN INTL COM P8797T133 9125 250000 SH DEFINED 011614 250000
TEEKAY SHIPPING COM V89564104 4913 150000 SH DEFINED 0135 150000
ABR INFORMATION COM 00077R108 15750 400000 SH DEFINED 0111 400000
ADC TELECOM COM 000886101 6848 220000 SH DEFINED 0108 220000
ADC TELECOM COM 000886101 68475 2200000 SH DEFINED 0126 2200000
ADC TELECOM COM 000886101 37350 1200000 SH DEFINED 0111 1200000
ADC TELECOM COM 000886101 4980 160000 SH DEFINED 011622 160000
ADC TELECOM COM 000886101 11205 360000 SH DEFINED 011623 360000
ADC TELECOM COM 000886101 18675 600000 SH DEFINED 011618 600000
ADC TELECOM COM 000886101 54514 1751390 SH DEFINED 0102 1751390
<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 1289 41410 SH DEFINED 0103 41410
ADC TELECOM COM 000886101 249 8000 SH DEFINED 01 8000
AFLAC CORP COM 001055102 8550 200000 SH DEFINED 0126 200000
AFLAC CORP COM 001055102 3420 80000 SH DEFINED 011619 80000
AFLAC CORP COM 001055102 15390 360000 SH DEFINED 011614 360000
AGCO CORP COM 001084102 14313 500000 SH DEFINED 0130 500000
AGCO CORP COM 001084102 7156 250000 SH DEFINED 0108 250000
AGCO CORP COM 001084102 28625 1000000 SH DEFINED 011516 1000000
AGCO CORP COM 001084102 2118 74000 SH DEFINED 011620 74000
AGCO CORP COM 001084102 27418 957694 SH DEFINED 0102 957694
AGCO CORP COM 001084102 541 18900 SH DEFINED 0103 18900
AGCO CORP COM 001084102 15242 532450 SH DEFINED 01 532450
AMLI COM 001735109 9934 425000 SH DEFINED 0113 425000
AMR CORP DEL COM 001765106 30844 350000 SH DEFINED 0130 350000
AMR CORP DEL COM 001765106 141000 1600000 SH DEFINED 0126 1600000
AMR CORP DEL COM 001765106 14655 166300 SH DEFINED 0124 166300
AMR CORP DEL COM 001765106 8918 101200 SH DEFINED 0125 101200
AMR CORP DEL COM 001765106 60857 690520 SH DEFINED 0102 690520
AMR CORP DEL COM 001765106 2803 31811 SH DEFINED 0103 31811
AMR CORP DEL COM 001765106 8148 92464 SH DEFINED 01 92464
APAC COM 00185E106 2149 56000 SH DEFINED 011619 56000
APAC COM 00185E106 6908 180000 SH DEFINED 011614 180000
ARCO CHEMICAL CO COM 001920107 28175 575000 SH DEFINED 0113 575000
ARCO CHEMICAL CO COM 001920107 10413 212500 SH DEFINED 0131 212500
ARCO CHEMICAL CO COM 001920107 539 11000 SH DEFINED 0103 11000
AT&T CORP COM 001957109 39150 900000 SH DEFINED 0113 900000
AT&T CORP COM 001957109 14573 335000 SH DEFINED 0107 335000
AT&T CORP COM 001957109 10875 250000 SH DEFINED 011618 250000
AT&T CORP COM 001957109 29363 675000 SH DEFINED 0131 675000
AT&T CORP COM 001957109 10139 233072 SH DEFINED 0103 233072
AVX COM 002444107 17200 800000 SH DEFINED 0111 800000
AVX COM 002444107 1391 64700 SH DEFINED 011622 64700
AVX COM 002444107 3464 161100 SH DEFINED 011623 161100
ABBOTT LABS COM 002824100 20 400 SH DEFINED 0125 400
ABBOTT LABS COM 002824100 63438 1250000 SH DEFINED 011516 1250000
ABBOTT LABS COM 002824100 99 1951 SH DEFINED 0102 1951
ABBOTT LABS COM 002824100 5063 99760 SH DEFINED 0103 99760
ACCENT COLOR SCIENCE COM 004305108 1488 175000 SH DEFINED 011619 175000
ACCUSTAFF COM 004401105 22181 1050000 SH DEFINED 0106 1050000
ACCUSTAFF COM 004401105 12675 600000 SH DEFINED 0111 600000
ACRES GAMING INC COM 004936100 1925 175000 SH DEFINED 011619 175000
ACUSON CORP COM 005113105 2706 111000 SH DEFINED 011619 111000
ACUSON CORP COM 005113105 12188 500000 SH DEFINED 011614 500000
ACXIOM CORP COM 005125109 3120 130000 SH DEFINED 011619 130000
ADAPTEC INC COM 00651F108 13000 325000 SH DEFINED 0108 325000
ADAPTEC INC COM 00651F108 1600 40000 SH DEFINED 01 40000
ADVANCED FIBRE COMM COM 00754A105 634 11400 SH DEFINED 0111 11400
ADVANCED MICRO DEV COM 007903107 2575 100000 SH DEFINED 0109 100000
ADVANCED MICRO DEV COM 007903107 444 17243 SH DEFINED 0103 17243
ADV LTD PT TRUST INV COM 007923998 15367 12913890 SH DEFINED 01 12913890
<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
ADVANTA CORP -CL A COM 007942105 27788 650000 SH DEFINED 011516 650000
ADVANTA CORP -CL A COM 007942105 56644 1325000 SH DEFINED 011618 1325000
ADVANTA B COM 007942204 5723 140000 SH DEFINED 0128 140000
ADVANTA B COM 007942204 17592 430365 SH DEFINED 0102 430365
ADVANTA B COM 007942204 2906 71100 SH DEFINED 0131 71100
ADVANTA B COM 007942204 449 10985 SH DEFINED 0103 10985
AETNA INC COM 008117103 1541 19257 SH DEFINED 0103 19257
AFFILIATED COMPUTER COM 008190100 11241 377860 SH DEFINED 0102 377860
AFFILIATED COMPUTER COM 008190100 7360 247400 SH DEFINED 0131 247400
AFFILIATED COMPUTER COM 008190100 626 21040 SH DEFINED 0103 21040
AFL/CIO UNITS OF COM 008270993 499 460 SH DEFINED 0102 460
AFTER MARKET TECH COM 008318107 357 20700 SH DEFINED 011619 20700
AFTER MARKET TECH COM 008318107 1397 81000 SH DEFINED 011614 81000
AFTER MARKET TECH COM 008318107 682 39450 SH DEFINED 0102 39450
AFTER MARKET TECH COM 008318107 821 47600 SH DEFINED 0131 47600
AFTER MARKET TECH COM 008318107 47 2750 SH DEFINED 0103 2750
AHMANSON HF & CO COM 008677106 443 13631 SH DEFINED 0103 13631
AIR PROD & CHEM COM 009158106 25922 375000 SH DEFINED 0131 375000
AIR PROD & CHEM COM 009158106 1881 27212 SH DEFINED 0103 27212
AIRGAS INC COM 009363102 10894 495200 SH DEFINED 0102 495200
AIRGAS INC COM 009363102 281 12750 SH DEFINED 0103 12750
AIRTOUCH COMMUN COM 00949T100 12650 501000 SH DEFINED 0130 501000
AIRTOUCH COMMUN COM 00949T100 50500 2000000 SH DEFINED 0126 2000000
AIRTOUCH COMMUN COM 00949T100 22725 900000 SH DEFINED 0111 900000
AIRTOUCH COMMUN COM 00949T100 7575 300000 SH DEFINED 0132 300000
AIRTOUCH COMMUN COM 00949T100 26704 1057600 SH DEFINED 0124 1057600
AIRTOUCH COMMUN COM 00949T100 19326 765400 SH DEFINED 0125 765400
AIRTOUCH COMMUN COM 00949T100 7070 280000 SH DEFINED 0135 280000
AIRTOUCH COMMUN COM 00949T100 3358 133000 SH DEFINED 011622 133000
AIRTOUCH COMMUN COM 00949T100 7323 290000 SH DEFINED 011623 290000
AIRTOUCH COMMUN COM 00949T100 37875 1500000 SH DEFINED 011618 1500000
AIRTOUCH COMMUN COM 00949T100 556 22000 SH DEFINED 011620 22000
AIRTOUCH COMMUN COM 00949T100 116721 4622437 SH DEFINED 0102 4622437
AIRTOUCH COMMUN COM 00949T100 4084 161741 SH DEFINED 0103 161741
AIRTOUCH COMMUN COM 00949T100 2273 90000 SH DEFINED 01 90000
AIRTOUCH COM PFD CVT CONV PFD STOCK 00949T209 8720 320000 SH DEFINED 0107 320000
AJL PEPS/TRUST CVT CONV PFD STOCK 009710104 17030 1040000 SH DEFINED 011516 1040000
ALAMO GROUP INC COM 011311107 3768 220000 SH DEFINED 0128 220000
ALBANY INTL CORP NEW COM 012348108 894 38675 SH DEFINED 0102 38675
ALBERTA ENERGY CO LT COM 012873105 6600 275000 SH DEFINED 0135 275000
ALBERTA ENERGY CO LT COM 012873105 3000 125000 SH DEFINED 011619 125000
ALBERTO CULVER COM 013068101 167 3488 SH DEFINED 0103 3488
ALBERTSONS INC COM 013104104 27075 760000 SH DEFINED 0126 760000
ALBERTSONS INC COM 013104104 10865 304930 SH DEFINED 0102 304930
ALBERTSONS INC COM 013104104 1147 32202 SH DEFINED 0103 32202
ALCAN ALUMINIUM LTD COM 013716105 972 28909 SH DEFINED 0103 28909
ALCO STANDARD COM 013788104 61950 1200000 SH DEFINED 0126 1200000
ALCO STANDARD COM 013788104 21941 425000 SH DEFINED 0106 425000
ALCO STANDARD COM 013788104 61950 1200000 SH DEFINED 0111 1200000
ALCO STANDARD COM 013788104 13784 267000 SH DEFINED 0124 267000
<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
ALCO STANDARD COM 013788104 9081 175900 SH DEFINED 0125 175900
ALCO STANDARD COM 013788104 5163 100000 SH DEFINED 0135 100000
ALCO STANDARD COM 013788104 8260 160000 SH DEFINED 011622 160000
ALCO STANDARD COM 013788104 18069 350000 SH DEFINED 011623 350000
ALCO STANDARD COM 013788104 38719 750000 SH DEFINED 011516 750000
ALCO STANDARD COM 013788104 3954 76600 SH DEFINED 011620 76600
ALCO STANDARD COM 013788104 235074 4553428 SH DEFINED 0102 4553428
ALCO STANDARD COM 013788104 10111 195850 SH DEFINED 0131 195850
ALCO STANDARD COM 013788104 4425 85682 SH DEFINED 0103 85682
ALCO STANDARD COM 013788104 21211 410868 SH DEFINED 01 410868
ALCO STANDARD 6.50 CONV PFD STOCK 013788708 30164 315850 SH DEFINED 0130 315850
ALCO STANDARD 6.50 CONV PFD STOCK 013788708 26263 275000 SH DEFINED 0107 275000
ALCO STANDARD 6.50 CONV PFD STOCK 013788708 33353 349250 SH DEFINED 011618 349250
ALCO STANDARD 6.50 CONV PFD STOCK 013788708 8595 90000 SH DEFINED 01 90000
ALCO STD W/I COM 013789995 42 1000 SH DEFINED 011618 1000
ALEXNDR & ALEX SERV COM 014476105 97 5571 SH DEFINED 0103 5571
ALLEGHENY TELEDYNE COM 017415100 500 21737 SH DEFINED 0103 21737
ALLEGIANCE CORP COM 017475104 48 1744 SH DEFINED 01 1744
ALLERGAN INC COM 018490102 295 8278 SH DEFINED 0103 8278
ALLIED GROUP INC COM 019220102 11256 345000 SH DEFINED 0128 345000
ALLIED SIGNAL INC COM 019512102 27 400 SH DEFINED 0125 400
ALLIED SIGNAL INC COM 019512102 26800 400000 SH DEFINED 011618 400000
ALLIED SIGNAL INC COM 019512102 63601 949250 SH DEFINED 0102 949250
ALLIED SIGNAL INC COM 019512102 2554 38114 SH DEFINED 0103 38114
ALLIED SIGNAL INC COM 019512102 5394 80500 SH DEFINED 01 80500
ALLSTATE CORP COM 020002101 3287 56787 SH DEFINED 0103 56787
ALLSTATE CORP COM 020002101 3762 65000 SH DEFINED 01 65000
ALLTEL CORP COM 020039103 759 24176 SH DEFINED 0103 24176
ALLTEL 7.75 $100 PAR PREFERRED STOCK 0200392*3 2438 24140 SH DEFINED 0105 24140
ALTERA CORP COM 021441100 2798 38500 SH DEFINED 01 38500
ALUMINUM CO AMERICA COM 022249106 51000 800000 SH DEFINED 0126 800000
ALUMINUM CO AMERICA COM 022249106 21726 340800 SH DEFINED 0124 340800
ALUMINUM CO AMERICA COM 022249106 13266 208100 SH DEFINED 0125 208100
ALUMINUM CO AMERICA COM 022249106 1307 20500 SH DEFINED 011620 20500
ALUMINUM CO AMERICA COM 022249106 221230 3470056 SH DEFINED 0102 3470056
ALUMINUM CO AMERICA COM 022249106 4867 76364 SH DEFINED 0103 76364
ALUMINUM CO AMERICA COM 022249106 13209 207200 SH DEFINED 01 207200
ALZA COM 022615108 10350 400000 SH DEFINED 0130 400000
ALZA COM 022615108 6469 250000 SH DEFINED 0106 250000
ALZA COM 022615108 5902 228100 SH DEFINED 0124 228100
ALZA COM 022615108 1860 71900 SH DEFINED 0125 71900
ALZA COM 022615108 75038 2900000 SH DEFINED 011516 2900000
ALZA COM 022615108 26895 1039500 SH DEFINED 0102 1039500
ALZA COM 022615108 692 26750 SH DEFINED 0103 26750
AMERADA HESS COM 023551104 12275 212100 SH DEFINED 0124 212100
AMERADA HESS COM 023551104 8045 139000 SH DEFINED 0125 139000
AMERADA HESS COM 023551104 729 12600 SH DEFINED 0102 12600
AMERADA HESS COM 023551104 1241 21434 SH DEFINED 0103 21434
AMDAHL CORP COM 023905102 182 15046 SH DEFINED 0103 15046
AMERICAN BRANDS INC. COM 024703100 1078 21722 SH DEFINED 0103 21722
<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
AMER COMM SVS WTS COM 02520B110 1462 17200 SH DEFINED 0109 17200
AMER COMM SVS WTS COM 02520B110 510 6000 SH DEFINED 011621 6000
AMERICAN ELEC PWR COM 025537101 983 23912 SH DEFINED 0103 23912
AMERICAN EXPRESS COM 025816109 509901 9024796 SH DEFINED 0103 9024796
AMER GENERAL CORP COM 026351106 1068 26135 SH DEFINED 0103 26135
AMER GENERAL CORP COM 026351106 10083 246670 SH DEFINED 01 246670
AM GREETINGS CL A COM 026375105 271 9558 SH DEFINED 0103 9558
AMER HOME PRODUCTS COM 026609107 35175 600000 SH DEFINED 0130 600000
AMER HOME PRODUCTS COM 026609107 8794 150000 SH DEFINED 0108 150000
AMER HOME PRODUCTS COM 026609107 35175 600000 SH DEFINED 0113 600000
AMER HOME PRODUCTS COM 026609107 29852 509200 SH DEFINED 0124 509200
AMER HOME PRODUCTS COM 026609107 18666 318400 SH DEFINED 0125 318400
AMER HOME PRODUCTS COM 026609107 17001 290000 SH DEFINED 0107 290000
AMER HOME PRODUCTS COM 026609107 3283 56000 SH DEFINED 011620 56000
AMER HOME PRODUCTS COM 026609107 50953 869134 SH DEFINED 0102 869134
AMER HOME PRODUCTS COM 026609107 23450 400000 SH DEFINED 0131 400000
AMER HOME PRODUCTS COM 026609107 8563 146059 SH DEFINED 0103 146059
AMER HOME PRODUCTS COM 026609107 3312 56500 SH DEFINED 01 56500
AMERICAN INTL GROUP COM 026874107 32475 300000 SH DEFINED 0130 300000
AMERICAN INTL GROUP COM 026874107 108250 1000000 SH DEFINED 0126 1000000
AMERICAN INTL GROUP COM 026874107 33158 306258 SH DEFINED 0102 306258
AMERICAN INTL GROUP COM 026874107 6971 64395 SH DEFINED 0103 64395
AMERICAN INTL GROUP COM 026874107 7307 67500 SH DEFINED 01 67500
AMERICAN MANAGEMENT COM 027352103 16301 665350 SH DEFINED 0102 665350
AMERICAN MANAGEMENT COM 027352103 271 11080 SH DEFINED 0103 11080
AMERICAN MEDSERVE COM 027448109 4650 300000 SH DEFINED 011516 300000
AMER PWR CONVERSION COM 029066107 47688 1750000 SH DEFINED 011618 1750000
AMER PWR CONVERSION COM 029066107 1333 48900 SH DEFINED 011619 48900
AMER PWR CONVERSION COM 029066107 5995 220000 SH DEFINED 011614 220000
AMERICAN RADIO COM 029161106 8030 294650 SH DEFINED 0102 294650
AMERICAN RADIO COM 029161106 5030 184600 SH DEFINED 0131 184600
AMERICAN RADIO COM 029161106 452 16600 SH DEFINED 0103 16600
AMERICAN STD CO COM 029712106 15300 400000 SH DEFINED 011618 400000
AMERICAN STD CO COM 029712106 7665 200405 SH DEFINED 01 200405
AMERICAN STORES CO COM 030096101 9197 225000 SH DEFINED 0108 225000
AMERICAN STORES CO COM 030096101 12263 300000 SH DEFINED 0124 300000
AMERICAN STORES CO COM 030096101 9205 225200 SH DEFINED 0125 225200
AMERICAN STORES CO COM 030096101 7311 178800 SH DEFINED 0102 178800
AMERICAN STORES CO COM 030096101 1859 45465 SH DEFINED 0103 45465
AMERICAN TELECAST WT WARRANT 030151112 43 85225 SH DEFINED 0109 85225
AMERICAN WATERWORKS COM 030411102 6188 300000 SH DEFINED 0132 300000
AMERICREDIT CORP COM 03060R101 2870 140000 SH DEFINED 011619 140000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 4225 40000 SH DEFINED 0105 40000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 3169 30000 SH DEFINED 01 30000
AMERITECH CORP COM 030954101 12125 200000 SH DEFINED 0132 200000
AMERITECH CORP COM 030954101 12428 205000 SH DEFINED 0107 205000
AMERITECH CORP COM 030954101 4259 70258 SH DEFINED 0103 70258
AMETEK INC COM 031105109 4450 200000 SH DEFINED 0128 200000
AMGEN INC COM 031162100 27188 500000 SH DEFINED 0130 500000
AMGEN INC COM 031162100 8700 160000 SH DEFINED 0108 160000
<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 130500 2400000 SH DEFINED 0126 2400000
AMGEN INC COM 031162100 43500 800000 SH DEFINED 0111 800000
AMGEN INC COM 031162100 10386 191000 SH DEFINED 0124 191000
AMGEN INC COM 031162100 5220 96000 SH DEFINED 0125 96000
AMGEN INC COM 031162100 3263 60000 SH DEFINED 011622 60000
AMGEN INC COM 031162100 6525 120000 SH DEFINED 011623 120000
AMGEN INC COM 031162100 21750 400000 SH DEFINED 011618 400000
AMGEN INC COM 031162100 2066 38000 SH DEFINED 011620 38000
AMGEN INC COM 031162100 196583 3615312 SH DEFINED 0102 3615312
AMGEN INC COM 031162100 12767 234800 SH DEFINED 0131 234800
AMGEN INC COM 031162100 4374 80426 SH DEFINED 0103 80426
AMGEN INC COM 031162100 16227 298415 SH DEFINED 01 298415
AMP COM 031897101 30700 800000 SH DEFINED 0113 800000
AMP COM 031897101 17269 450000 SH DEFINED 0131 450000
AMP COM 031897101 1765 45985 SH DEFINED 0103 45985
AMOCO CORP COM 031905102 40250 500000 SH DEFINED 0113 500000
AMOCO CORP COM 031905102 23748 295000 SH DEFINED 0107 295000
AMOCO CORP COM 031905102 32200 400000 SH DEFINED 011618 400000
AMOCO CORP COM 031905102 101575 1261808 SH DEFINED 0102 1261808
AMOCO CORP COM 031905102 28175 350000 SH DEFINED 0131 350000
AMOCO CORP COM 031905102 6667 82814 SH DEFINED 0103 82814
AMRESCO COM 031909104 8025 300000 SH DEFINED 011516 300000
AMRESCO COM 031909104 4815 180000 SH DEFINED 011619 180000
AMRESCO COM 031909104 12573 470000 SH DEFINED 011614 470000
AMSN HOLDINGS COM 03216N103 2100 175000 SH DEFINED 0106 175000
ANADARKO PETRO CORP COM 032511107 2849 44000 SH DEFINED 011619 44000
ANADARKO PETRO CORP COM 032511107 11267 174000 SH DEFINED 011614 174000
ANALOG DEVICES COM 032654105 10163 300000 SH DEFINED 0106 300000
ANALOG DEVICES COM 032654105 87 2550 SH DEFINED 0102 2550
ANALOG DEVICES COM 032654105 4908 144900 SH DEFINED 0131 144900
ANALOG DEVICES COM 032654105 230 6800 SH DEFINED 0103 6800
ANDREW CORP COM 034425108 4510 85000 SH DEFINED 0108 85000
ANDREW CORP COM 034425108 63675 1200000 SH DEFINED 0126 1200000
ANDREW CORP COM 034425108 63675 1200000 SH DEFINED 0111 1200000
ANDREW CORP COM 034425108 9021 170000 SH DEFINED 0132 170000
ANDREW CORP COM 034425108 6994 131800 SH DEFINED 0124 131800
ANDREW CORP COM 034425108 3025 57000 SH DEFINED 0125 57000
ANDREW CORP COM 034425108 7545 142200 SH DEFINED 011622 142200
ANDREW CORP COM 034425108 16181 304950 SH DEFINED 011623 304950
ANDREW CORP COM 034425108 2282 43000 SH DEFINED 011619 43000
ANDREW CORP COM 034425108 7004 132000 SH DEFINED 011614 132000
ANDREW CORP COM 034425108 23387 440750 SH DEFINED 0102 440750
ANDREW CORP COM 034425108 969 18272 SH DEFINED 0103 18272
ANHEUSER BUSCH CO COM 035229103 28000 700000 SH DEFINED 0130 700000
ANHEUSER BUSCH CO COM 035229103 11000 275000 SH DEFINED 0108 275000
ANHEUSER BUSCH CO COM 035229103 100000 2500000 SH DEFINED 0126 2500000
ANHEUSER BUSCH CO COM 035229103 34000 850000 SH DEFINED 0113 850000
ANHEUSER BUSCH CO COM 035229103 22408 560200 SH DEFINED 0124 560200
ANHEUSER BUSCH CO COM 035229103 16292 407300 SH DEFINED 0125 407300
ANHEUSER BUSCH CO COM 035229103 16800 420000 SH DEFINED 0107 420000
<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
ANHEUSER BUSCH CO COM 035229103 20000 500000 SH DEFINED 011618 500000
ANHEUSER BUSCH CO COM 035229103 13158 328957 SH DEFINED 0102 328957
ANHEUSER BUSCH CO COM 035229103 24000 600000 SH DEFINED 0131 600000
ANHEUSER BUSCH CO COM 035229103 5652 141309 SH DEFINED 0103 141309
AO TATNEFT ADS COM 03737P207 3600 75000 SH DEFINED 0135 75000
AON CORP COM 037389103 6020 96900 SH DEFINED 0124 96900
AON CORP COM 037389103 3330 53600 SH DEFINED 0125 53600
AON CORP COM 037389103 261 4200 SH DEFINED 0102 4200
AON CORP COM 037389103 1060 17063 SH DEFINED 0103 17063
APOLLO GROUP INC -C COM 037604105 26750 800000 SH DEFINED 0111 800000
APOLLO GROUP INC -C COM 037604105 201 6000 SH DEFINED 0102 6000
APPALACHIAN PWR $100 PREFERRED STOCK 037735834 3171 30000 SH DEFINED 0105 30000
APPALACHIAN PWR $100 PREFERRED STOCK 037735842 998 10000 SH DEFINED 0105 10000
APPLE COMP CVT 144A CONV BOND 037833AC4 50688 50000000 PRN DEFINED 011516 50000000
APPLE COMPUTER COM 037833100 224406 10750000 SH DEFINED 011516 10750000
APPLE COMPUTER COM 037833100 332 15915 SH DEFINED 0103 15915
APPLEBEES INTL INC COM 037899101 27655 1005590 SH DEFINED 0102 1005590
APPLEBEES INTL INC COM 037899101 12700 461800 SH DEFINED 0131 461800
APPLEBEES INTL INC COM 037899101 1175 42710 SH DEFINED 0103 42710
APPLIED MATERIALS COM 038222105 28750 800000 SH DEFINED 0111 800000
APPLIED MATERIALS COM 038222105 5301 147500 SH DEFINED 0124 147500
APPLIED MATERIALS COM 038222105 3515 97800 SH DEFINED 011622 97800
APPLIED MATERIALS COM 038222105 7820 217600 SH DEFINED 011623 217600
APPLIED MATERIALS COM 038222105 756 21050 SH DEFINED 0102 21050
APPLIED MATERIALS COM 038222105 823 22914 SH DEFINED 0103 22914
ARBOUR HEALTH CARE COM 03876L108 11050 425000 SH DEFINED 011516 425000
ARBOR DRUGS INC COM 038760104 26063 1500000 SH DEFINED 011516 1500000
ARCHER DANIELS MDLND COM 039483102 1534 69708 SH DEFINED 0103 69708
ARIZONA PUB SER V PREFERRED STOCK 040555799 795 7500 SH DEFINED 0105 7500
ARIZONA PUB SER V PREFERRED STOCK 040555799 3179 30000 SH DEFINED 01 30000
ARIZONA PUB SVC $100 PREFERRED STOCK 040555815 12950 120400 SH DEFINED 0105 120400
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 3353 38100 SH DEFINED 01 38100
ARMCO INC COM 042170100 166 40171 SH DEFINED 0103 40171
ARMSTRONG WORLD IND COM 042476101 324 4657 SH DEFINED 0103 4657
ASARCO INC COM 043413103 134 5392 SH DEFINED 0103 5392
ASCEND COMM COM 043491109 24850 400000 SH DEFINED 0126 400000
ASCEND COMM COM 043491109 35980 579150 SH DEFINED 0102 579150
ASCEND COMM COM 043491109 26049 419300 SH DEFINED 0131 419300
ASCEND COMM COM 043491109 2190 35250 SH DEFINED 0103 35250
ASHANTI GOLDFLDS-GDR COM 043743202 6188 500000 SH DEFINED 0130 500000
ASHANTI GOLDFLDS-GDR COM 043743202 2475 200000 SH DEFINED 0127 200000
ASHANTI GOLDFLDS-GDR COM 043743202 2846 230000 SH DEFINED 0135 230000
ASHLAND INC COM 044204105 359 8177 SH DEFINED 0103 8177
ASSOC FIRST CORP COM 046008108 22063 500000 SH DEFINED 011516 500000
ATLANTIC RICHFIELD COM 048825103 33125 250000 SH DEFINED 0113 250000
ATLANTIC RICHFIELD COM 048825103 18550 140000 SH DEFINED 0107 140000
ATLANTIC RICHFIELD COM 048825103 24513 185000 SH DEFINED 0131 185000
ATLANTIC RICHFIELD COM 048825103 3806 28717 SH DEFINED 0103 28717
AUTO DESK COM 052769106 162 5788 SH DEFINED 0103 5788
AUTOMATIC DATA PROC. COM 053015103 1586 36982 SH DEFINED 0103 36982
<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
AUTOMATIC DATA PROC. COM 053015103 3602 84000 SH DEFINED 01 84000
AUTOZONE COM 053332102 22000 800000 SH DEFINED 0130 800000
AUTOZONE COM 053332102 52250 1900000 SH DEFINED 011516 1900000
AUTOZONE COM 053332102 52671 1915151 SH DEFINED 0102 1915151
AUTOZONE COM 053332102 1117 40550 SH DEFINED 0103 40550
AUTOZONE COM 053332102 11165 406000 SH DEFINED 01 406000
AVALON COM 053469102 7188 250000 SH DEFINED 0132 250000
AVANT] CORP COM 053487104 9525 300000 SH DEFINED 0106 300000
AVERY DENNISON CORP COM 053611109 467 13192 SH DEFINED 0103 13192
AVON PRODUCTS COM 054303102 11996 210000 SH DEFINED 0107 210000
AVON PRODUCTS COM 054303102 3370 59000 SH DEFINED 011620 59000
AVON PRODUCTS COM 054303102 970 16977 SH DEFINED 0103 16977
AVON PRODUCTS COM 054303102 8626 151000 SH DEFINED 01 151000
BCE INC COM 05534B109 19100 400000 SH DEFINED 0132 400000
BCE INC COM 05534B109 9550 200000 SH DEFINED 0135 200000
BCE INC COM 05534B109 47750 1000000 SH DEFINED 011618 1000000
BISYS GROUP COM 055472104 23164 625000 SH DEFINED 011516 625000
BJ SERVICES CO COM 055482103 3060 60000 SH DEFINED 011619 60000
BJ SERVICES CO COM 055482103 13005 255000 SH DEFINED 011614 255000
BTG INC COM 05576J101 3578 135000 SH DEFINED 011619 135000
BTG INC COM 05576J101 7950 300000 SH DEFINED 011614 300000
BMC SOFTWARE INC COM 055921100 22099 534100 SH DEFINED 0102 534100
BMC SOFTWARE INC COM 055921100 6157 148800 SH DEFINED 0131 148800
BMC SOFTWARE INC COM 055921100 874 21140 SH DEFINED 0103 21140
BMC SOFTWARE INC COM 055921100 3682 89000 SH DEFINED 01 89000
BAJAJ AUTO 144A ADR COM 057100109 4250 125000 SH DEFINED 0135 125000
BAKER HUGHES COM 057224107 621 18000 SH DEFINED 011620 18000
BAKER HUGHES COM 057224107 635 18400 SH DEFINED 0103 18400
BALL CORP COM 058498106 98 3785 SH DEFINED 0103 3785
BALTIMORE GAS & ELEC COM 059165100 5350 200000 SH DEFINED 0132 200000
BALTIMORE GAS & ELEC COM 059165100 1605 60000 SH DEFINED 0124 60000
BALTIMORE GAS & ELEC COM 059165100 7046 263400 SH DEFINED 0125 263400
BALTIMORE GAS & ELEC COM 059165100 300 11200 SH DEFINED 0102 11200
BALTIMORE GAS & ELEC COM 059165100 585 21875 SH DEFINED 0103 21875
BANC ONE CORP COM 059438101 35475 825000 SH DEFINED 0113 825000
BANC ONE CORP COM 059438101 933 21700 SH DEFINED 011620 21700
BANC ONE CORP COM 059438101 27950 650000 SH DEFINED 0131 650000
BANC ONE CORP COM 059438101 3555 82673 SH DEFINED 0103 82673
BANCO DE GALICIA CVT CONV BOND 059538AD0 5900 5000000 PRN DEFINED 0135 5000000
BANCO DE GALICIA COM 059538207 8176 337157 SH DEFINED 0135 337157
BANK OF BOSTON COM 060716107 2699 42000 SH DEFINED 011619 42000
BANK OF BOSTON COM 060716107 11115 173000 SH DEFINED 011614 173000
BANK OF BOSTON COM 060716107 1250 19454 SH DEFINED 0103 19454
BANK OF NEW YORK COM 064057102 7925 234800 SH DEFINED 0124 234800
BANK OF NEW YORK COM 064057102 5225 154800 SH DEFINED 0125 154800
BANK OF NEW YORK COM 064057102 3038 90000 SH DEFINED 011619 90000
BANK OF NEW YORK COM 064057102 12825 380000 SH DEFINED 011614 380000
BANK OF NEW YORK COM 064057102 460 13600 SH DEFINED 0102 13600
BANK OF NEW YORK COM 064057102 2347 69559 SH DEFINED 0103 69559
BANK AMERICA CORP COM 066050105 1297 13000 SH DEFINED 011620 13000
<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
BANK AMERICA CORP COM 066050105 637 6390 SH DEFINED 0102 6390
BANK AMERICA CORP COM 066050105 4665 46768 SH DEFINED 0103 46768
BANKERS TRUST NY COM 066365107 35 400 SH DEFINED 0102 400
BANKERS TRUST NY COM 066365107 875 10141 SH DEFINED 0103 10141
BAR TECH WTS COM 067016113 550 10000 SH DEFINED 0109 10000
BAR TECH WTS COM 067016113 165 3000 SH DEFINED 0124 3000
BAR TECH WTS COM 067016113 248 4500 SH DEFINED 011621 4500
BAR TECH WTS COM 067016113 28 500 SH DEFINED 011620 500
C R BARD INC COM 067383109 203 7255 SH DEFINED 0103 7255
BARRICK GOLD INC COM 067901108 4313 150000 SH DEFINED 0127 150000
BARRICK GOLD INC COM 067901108 37 1300 SH DEFINED 0125 1300
BARRICK GOLD INC COM 067901108 1499 52135 SH DEFINED 0103 52135
BARNETT BKS INC COM 068055102 32900 800000 SH DEFINED 0130 800000
BARNETT BKS INC COM 068055102 53463 1300000 SH DEFINED 0126 1300000
BARNETT BKS INC COM 068055102 32900 800000 SH DEFINED 0113 800000
BARNETT BKS INC COM 068055102 8225 200000 SH DEFINED 0132 200000
BARNETT BKS INC COM 068055102 5223 127000 SH DEFINED 0124 127000
BARNETT BKS INC COM 068055102 3936 95700 SH DEFINED 0125 95700
BARNETT BKS INC COM 068055102 16039 390000 SH DEFINED 0107 390000
BARNETT BKS INC COM 068055102 3290 80000 SH DEFINED 011619 80000
BARNETT BKS INC COM 068055102 13983 340000 SH DEFINED 011614 340000
BARNETT BKS INC COM 068055102 329 8000 SH DEFINED 0102 8000
BARNETT BKS INC COM 068055102 24675 600000 SH DEFINED 0131 600000
BARNETT BKS INC COM 068055102 2529 61480 SH DEFINED 0103 61480
BARNETT BKS INC COM 068055102 3290 80000 SH DEFINED 01 80000
BARNETT COM 068062108 9538 350000 SH DEFINED 011516 350000
BARRETT RESOURCES CO COM 068480201 3836 90000 SH DEFINED 011619 90000
BARRETT RESOURCES CO COM 068480201 16624 390000 SH DEFINED 011614 390000
BARRINGER TECH WARRANT 068509140 105 76700 SH DEFINED 011619 76700
BARRINGER TECH COM 068509603 1047 125000 SH DEFINED 011619 125000
BASSETT FURN IND. COM 070203104 802 32781 SH DEFINED 0102 32781
BATTLE MT GOLD CO COM 071593107 193 28062 SH DEFINED 0103 28062
BAUSCH & LOMB COM 071707103 252 7206 SH DEFINED 0103 7206
BAXTER INTL INC COM 071813109 32800 800000 SH DEFINED 0130 800000
BAXTER INTL INC COM 071813109 8200 200000 SH DEFINED 0108 200000
BAXTER INTL INC COM 071813109 36900 900000 SH DEFINED 0113 900000
BAXTER INTL INC COM 071813109 15375 375000 SH DEFINED 0124 375000
BAXTER INTL INC COM 071813109 12546 306000 SH DEFINED 0125 306000
BAXTER INTL INC COM 071813109 17630 430000 SH DEFINED 0107 430000
BAXTER INTL INC COM 071813109 45100 1100000 SH DEFINED 011516 1100000
BAXTER INTL INC COM 071813109 2378 58000 SH DEFINED 011620 58000
BAXTER INTL INC COM 071813109 76427 1863970 SH DEFINED 0102 1863970
BAXTER INTL INC COM 071813109 26650 650000 SH DEFINED 0131 650000
BAXTER INTL INC COM 071813109 4418 107748 SH DEFINED 0103 107748
BAXTER INTL INC COM 071813109 5709 139220 SH DEFINED 01 139220
BAY NETWORKS INC COM 072510100 501 24014 SH DEFINED 0103 24014
BEACON OFFICE PROP COM 073678104 5714 156000 SH DEFINED 0132 156000
BS-ARROW ELECTRONICS CONV PFD STOCK 07383PAH9 17490 330000 SH DEFINED 0107 330000
BS MEDTRONIC COM 07383P999 18145 275000 SH DEFINED 0130 275000
BECKMAN INSTRUMENTS COM 075816108 4797 125000 SH DEFINED 0128 125000
<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
BECKMAN INSTRUMENTS COM 075816108 12948 337400 SH DEFINED 0131 337400
BECKMAN INSTRUMENTS COM 075816108 576 15000 SH DEFINED 0103 15000
BECTON DICKINSON COM 075887109 691 15920 SH DEFINED 0103 15920
BELDEN INC COM 077459105 8880 240000 SH DEFINED 0128 240000
BELL ATLANTIC COM 077853109 38850 600000 SH DEFINED 0113 600000
BELL ATLANTIC COM 077853109 12626 195000 SH DEFINED 0107 195000
BELL ATLANTIC COM 077853109 29138 450000 SH DEFINED 0131 450000
BELL ATLANTIC COM 077853109 4721 72912 SH DEFINED 0103 72912
BELL SOUTH COM 079860102 28263 700000 SH DEFINED 0130 700000
BELL SOUTH COM 079860102 39366 975000 SH DEFINED 0113 975000
BELL SOUTH COM 079860102 12113 300000 SH DEFINED 0132 300000
BELL SOUTH COM 079860102 16756 415000 SH DEFINED 0107 415000
BELL SOUTH COM 079860102 808 20000 SH DEFINED 011620 20000
BELL SOUTH COM 079860102 21439 531030 SH DEFINED 0102 531030
BELL SOUTH COM 079860102 29272 725000 SH DEFINED 0131 725000
BELL SOUTH COM 079860102 6557 162389 SH DEFINED 0103 162389
BELL SOUTH COM 079860102 10802 267530 SH DEFINED 01 267530
A.H BELO SER A COM 080555105 7847 225000 SH DEFINED 0108 225000
A.H BELO SER A COM 080555105 24413 700000 SH DEFINED 0126 700000
A.H BELO SER A COM 080555105 29589 848375 SH DEFINED 0102 848375
A.H BELO SER A COM 080555105 643 18425 SH DEFINED 0103 18425
A.H BELO SER A COM 080555105 174 5000 SH DEFINED 01 5000
BEMIS CO. COM 081437105 749 20300 SH DEFINED 0124 20300
BEMIS CO. COM 081437105 248 6715 SH DEFINED 0103 6715
BENEDEK COM WARRANTS WARRANT 08170W114 210 70000 SH DEFINED 0109 70000
BENEFICIAL CORP COM 081721102 506 7989 SH DEFINED 0103 7989
BEST PRODUCTS COM 086553104 11 230561 SH DEFINED 0103 230561
BETHLEHEM STEEL COM 087509105 125 13899 SH DEFINED 0103 13899
BETZ LABORATORIES COM 087779104 13163 225000 SH DEFINED 0108 225000
BETZ LABORATORIES COM 087779104 29250 500000 SH DEFINED 011516 500000
BEVERLY ENTERPRISES COM 087851101 158 12419 SH DEFINED 0103 12419
BILLING INFO CONCEPT COM 090063108 8625 300000 SH DEFINED 011614 300000
BIOCHEM PHARMA INC COM 09058T108 25125 500000 SH DEFINED 011516 500000
BIOCHEM PHARMA INC COM 09058T108 1608 32000 SH DEFINED 011619 32000
BIOCHEM PHARMA INC COM 09058T108 8543 170000 SH DEFINED 011614 170000
BIOCHEM PHARMA INC COM 09058T108 229 4550 SH DEFINED 0102 4550
BIOCHEM PHARMA INC COM 09058T108 7286 145000 SH DEFINED 0131 145000
BIOCHEM PHARMA INC COM 09058T108 332 6600 SH DEFINED 0103 6600
BIOGEN INC COM 090597105 2558 66000 SH DEFINED 011619 66000
BIOGEN INC COM 090597105 10850 280000 SH DEFINED 011614 280000
BIOGEN INC COM 090597105 18332 473150 SH DEFINED 0102 473150
BIOGEN INC COM 090597105 6293 162400 SH DEFINED 0131 162400
BIOGEN INC COM 090597105 853 22020 SH DEFINED 0103 22020
BIOMET COM 090613100 218 14418 SH DEFINED 0103 14418
BIOVAIL CORP INTERNA COM 09067K106 7688 300000 SH DEFINED 0135 300000
BIRMINGHAM STEEL COR COM 091250100 20900 1100000 SH DEFINED 0111 1100000
BIRMINGHAM STEEL COR COM 091250100 2865 150800 SH DEFINED 011622 150800
BIRMINGHAM STEEL COR COM 091250100 6036 317700 SH DEFINED 011623 317700
BIRMINGHAM STEEL COR COM 091250100 46 2400 SH DEFINED 0102 2400
BLACK & DECKER COM 091797100 336 11159 SH DEFINED 0103 11159
<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
BLACK HILLS CORP COM 092113109 599 21300 SH DEFINED 0132 21300
BLOCK H&R INC COM 093671105 450 15529 SH DEFINED 0103 15529
BOATMEN'S BANCSHARES COM 096650106 1291 20011 SH DEFINED 0103 20011
BOEING COM 097023105 37231 350000 SH DEFINED 0130 350000
BOEING COM 097023105 10638 100000 SH DEFINED 0108 100000
BOEING COM 097023105 234025 2200000 SH DEFINED 0126 2200000
BOEING COM 097023105 4475 42066 SH DEFINED 0124 42066
BOEING COM 097023105 2603 24472 SH DEFINED 0125 24472
BOEING COM 097023105 44752 420700 SH DEFINED 011618 420700
BOEING COM 097023105 4574 43000 SH DEFINED 011620 43000
BOEING COM 097023105 64201 603526 SH DEFINED 0102 603526
BOEING COM 097023105 5288 49713 SH DEFINED 0103 49713
BOEING COM 097023105 6302 59240 SH DEFINED 01 59240
BOISE CASCADE COM 097383103 194 6103 SH DEFINED 0103 6103
BOISE CASCADE OFFICE COM 097403109 18900 900000 SH DEFINED 0106 900000
BOISE CASCADE OFFICE COM 097403109 10500 500000 SH DEFINED 011516 500000
BOMBAY INC COM 097924104 18 3830 SH DEFINED 01 3830
BOSTON CHICKEN COM 100578103 1758 49000 SH DEFINED 011619 49000
BOSTON CHICKEN COM 100578103 6816 190000 SH DEFINED 011614 190000
BOSTON CHICKEN COM 100578103 458 12739 SH DEFINED 0102 12739
BOSTON CHICKEN COM 100578103 735 20500 SH DEFINED 01 20500
BOSTON SCIENTIFIC COM 101137107 60000 1000000 SH DEFINED 0126 1000000
BOSTON SCIENTIFIC COM 101137107 4200 70000 SH DEFINED 0128 70000
BOSTON SCIENTIFIC COM 101137107 72000 1200000 SH DEFINED 0111 1200000
BOSTON SCIENTIFIC COM 101137107 8484 141400 SH DEFINED 0124 141400
BOSTON SCIENTIFIC COM 101137107 5208 86800 SH DEFINED 0125 86800
BOSTON SCIENTIFIC COM 101137107 7200 120000 SH DEFINED 011622 120000
BOSTON SCIENTIFIC COM 101137107 15600 260000 SH DEFINED 011623 260000
BOSTON SCIENTIFIC COM 101137107 51000 850000 SH DEFINED 011618 850000
BOSTON SCIENTIFIC COM 101137107 3000 50000 SH DEFINED 011619 50000
BOSTON SCIENTIFIC COM 101137107 13200 220000 SH DEFINED 011614 220000
BOSTON SCIENTIFIC COM 101137107 93310 1555125 SH DEFINED 0102 1555125
BOSTON SCIENTIFIC COM 101137107 25050 417500 SH DEFINED 0131 417500
BOSTON SCIENTIFIC COM 101137107 4742 79034 SH DEFINED 0103 79034
BOSTON SCIENTIFIC COM 101137107 6402 106700 SH DEFINED 01 106700
BRADY (WH) CO COM 104674106 2463 100000 SH DEFINED 0128 100000
BRIGGS & STRATTON COM 109043109 160 3627 SH DEFINED 0103 3627
BRINKER INT'L INC COM 109641100 4240 265000 SH DEFINED 0128 265000
BRINKER INT'L INC COM 109641100 24000 1500000 SH DEFINED 011516 1500000
BRISTOL MYERS SQUIBB COM 110122108 32625 300000 SH DEFINED 0113 300000
BRISTOL MYERS SQUIBB COM 110122108 1577 14500 SH DEFINED 0124 14500
BRISTOL MYERS SQUIBB COM 110122108 3893 35800 SH DEFINED 0125 35800
BRISTOL MYERS SQUIBB COM 110122108 20119 185000 SH DEFINED 0107 185000
BRISTOL MYERS SQUIBB COM 110122108 24469 225000 SH DEFINED 0131 225000
BRISTOL MYERS SQUIBB COM 110122108 8419 77416 SH DEFINED 0103 77416
BRITISH PETRO ADR COM 110889409 10722 75843 SH DEFINED 0107 75843
BRITISH TELECOMM COM 111021408 13039 190000 SH DEFINED 0132 190000
BRITISH TELECOMM COM 111021408 12696 185000 SH DEFINED 0107 185000
BRITISH TELECOMM COM 111021408 69 1000 SH DEFINED 011618 1000
BROOKLYN UNION GAS COM 114259104 3766 125000 SH DEFINED 0132 125000
<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
BROOKS FIBER PROP COM 114399108 6375 250000 SH DEFINED 0106 250000
BROWN FORMAN CL B COM 115637209 400 8745 SH DEFINED 0103 8745
BROWNING FERRIS IND COM 115885105 712 27116 SH DEFINED 0103 27116
BROWNING FERRIS35.62 CONV PFD STOCK 115885600 6983 245000 SH DEFINED 0107 245000
BROWNING FERRIS35.62 CONV PFD STOCK 115885600 23558 826600 SH DEFINED 011516 826600
BROWNING FERRIS35.62 CONV PFD STOCK 115885600 6242 219000 SH DEFINED 01 219000
BRUNSWICK CORP COM 117043109 299 12474 SH DEFINED 0103 12474
BUFETE ADS COM 11942H100 4250 200000 SH DEFINED 0135 200000
BURLINGTON N SANTA COM 12189T104 6478 75000 SH DEFINED 0108 75000
BURLINGTON N SANTA COM 12189T104 1715 19853 SH DEFINED 0103 19853
BURLINGTON RESOURCES COM 122014103 807 16024 SH DEFINED 0103 16024
BURR BROWN COM 122574106 1326 51000 SH DEFINED 011619 51000
BUSINESS OBJECTS ADS COM 12328X107 6413 475000 SH DEFINED 0106 475000
CBI INDUSTRIES 100 PREFERRED STOCK 124800301 7000 70000 SH DEFINED 0105 70000
CBL & ASSOCIATES COM 124830100 11644 450000 SH DEFINED 0113 450000
CBL & ASSOCIATES COM 124830100 518 20000 SH DEFINED 0103 20000
CDW COMPUTER CENTERS COM 125129106 2491 42000 SH DEFINED 011619 42000
CDW COMPUTER CENTERS COM 125129106 10202 172000 SH DEFINED 011614 172000
CIGNA CORP COM 125509109 1354 9909 SH DEFINED 0103 9909
CKE RESTAURANTS INC. COM 12561E105 2160 60000 SH DEFINED 011619 60000
CKE RESTAURANTS INC. COM 12561E105 8640 240000 SH DEFINED 011614 240000
CKE RESTAURANTS INC. COM 12561E105 6475 179864 SH DEFINED 0103 179864
CMS ENERGY CORP COM 125896100 50438 1500000 SH DEFINED 0126 1500000
CMS ENERGY CORP COM 125896100 15131 450000 SH DEFINED 0132 450000
CMS ENERGY CORP COM 125896100 13450 400000 SH DEFINED 011618 400000
CMS ENERGY CORP COM 125896100 1715 51000 SH DEFINED 011620 51000
CMS ENERGY CORP COM 125896100 5 160 SH DEFINED 0102 160
CNS INC COM 126136100 19 1300 SH DEFINED 0102 1300
CPC INTL COM 126149103 1459 18832 SH DEFINED 0103 18832
CSG SYSTEMS COM 126349109 778 50600 SH DEFINED 0111 50600
CSX CORP COM 126408103 23206 549180 SH DEFINED 0102 549180
CSX CORP COM 126408103 1529 36193 SH DEFINED 0103 36193
CSX CORP COM 126408103 423 10000 SH DEFINED 01 10000
CUC INT'L INC COM 126545102 0 0 SH DEFINED 0124
CUC INT'L INC COM 126545102 32063 1350000 SH DEFINED 011618 1350000
CUC INT'L INC COM 126545102 15132 637040 SH DEFINED 0102 637040
CUC INT'L INC COM 126545102 1321 55644 SH DEFINED 0103 55644
CVS CORP COM 126650100 2483 60000 SH DEFINED 011619 60000
CVS CORP COM 126650100 11378 275000 SH DEFINED 011614 275000
CVS CORP COM 126650100 572 13815 SH DEFINED 0102 13815
CVS CORP COM 126650100 558 13492 SH DEFINED 0103 13492
CVS CORP COM 126650100 786 19000 SH DEFINED 01 19000
CABLEVISION SYS PREFERRED STOCK 12686C869 9616 107140 SH DEFINED 0104 107140
CABLEVISION SYS PREFERRED STOCK 12686C869 28167 313844 SH DEFINED 0109 313844
CABLEVISION SYS PREFERRED STOCK 12686C869 481 5357 SH DEFINED 011620 5357
CABLETRON SYSTEMS COM 126920107 658 19776 SH DEFINED 0103 19776
CABLE DESIGN TECH COM 126924109 7003 225000 SH DEFINED 0106 225000
CACI INTERNATIONAL COM 127190304 1680 80000 SH DEFINED 011619 80000
CALIBER SYSTEM INC COM 129894101 93 4852 SH DEFINED 0103 4852
CAMBRDG TECH PRTNS COM 132524109 9230 275000 SH DEFINED 0106 275000
<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
CAMBRDG TECH PRTNS COM 132524109 2097 62520 SH DEFINED 0102 62520
CAMBRDG TECH PRTNS COM 132524109 1344 40050 SH DEFINED 0131 40050
CAMBRDG TECH PRTNS COM 132524109 131 3930 SH DEFINED 0103 3930
CAMCO COM 132632100 2214 48000 SH DEFINED 0135 48000
CAMCO COM 132632100 4151 90000 SH DEFINED 011619 90000
CAMCO COM 132632100 7994 173300 SH DEFINED 0102 173300
CAMCO COM 132632100 1060 22988 SH DEFINED 0103 22988
CAMDEN PROPERTY TRST CONV BOND 133131AA0 3514 3000000 PRN DEFINED 0104 3000000
CAMERON ASHLEY BLDG COM 133290106 3500 250000 SH DEFINED 0128 250000
CAMPBELL RESOURCE WT COM 134422161 88 250000 SH DEFINED 0127 250000
CAMPBELL SOUP COM 134429109 2403 29940 SH DEFINED 0103 29940
CAPITAL ONE FINL COR COM 14040H105 10800 300005 SH DEFINED 0103 300005
CAPSTAR HOTEL COM 140918103 2748 140000 SH DEFINED 011619 140000
CAPSTAR HOTEL COM 140918103 10990 560000 SH DEFINED 011614 560000
CARDINAL HEALTH COM 14149Y108 74560 1280000 SH DEFINED 0126 1280000
CARDINAL HEALTH COM 14149Y108 14126 242500 SH DEFINED 011618 242500
CARDINAL HEALTH COM 14149Y108 3495 60000 SH DEFINED 011619 60000
CARDINAL HEALTH COM 14149Y108 13980 240000 SH DEFINED 011614 240000
CARDINAL HEALTH COM 14149Y108 400 6875 SH DEFINED 0102 6875
CARDINAL HEALTH COM 14149Y108 12573 215850 SH DEFINED 0131 215850
CARDINAL HEALTH COM 14149Y108 577 9900 SH DEFINED 0103 9900
CARNIVAL CORP COM 143658102 9900 300000 SH DEFINED 0108 300000
CARNIVAL CORP COM 143658102 56100 1700000 SH DEFINED 011516 1700000
CARNIVAL CORP COM 143658102 3282 99429 SH DEFINED 0102 99429
CARNIVAL CORP COM 143658102 957 29000 SH DEFINED 01 29000
CAROLINA POWER & LT COM 144141108 5475 150000 SH DEFINED 0132 150000
CAROLINA POWER & LT COM 144141108 709 19418 SH DEFINED 0103 19418
CASCADE COMM COM 147184105 22050 400000 SH DEFINED 0126 400000
CASCADE COMM COM 147184105 3308 60000 SH DEFINED 0135 60000
CASCADE COMM COM 147184105 34453 625000 SH DEFINED 011516 625000
CASCADE COMM COM 147184105 30158 547050 SH DEFINED 0102 547050
CASCADE COMM COM 147184105 18142 329100 SH DEFINED 0131 329100
CASCADE COMM COM 147184105 1604 29090 SH DEFINED 0103 29090
CASE CORP COM 14743R103 300 5505 SH DEFINED 0102 5505
CASE CORP COM 14743R103 8709 159800 SH DEFINED 0131 159800
CASE CORP COM 14743R103 892 16383 SH DEFINED 0103 16383
CASE CORP COM 14743R103 2725 50000 SH DEFINED 01 50000
CATERPILLAR INC COM 149123101 16931 225000 SH DEFINED 0130 225000
CATERPILLAR INC COM 149123101 30100 400000 SH DEFINED 0111 400000
CATERPILLAR INC COM 149123101 23 300 SH DEFINED 0125 300
CATERPILLAR INC COM 149123101 6020 80000 SH DEFINED 011622 80000
CATERPILLAR INC COM 149123101 13545 180000 SH DEFINED 011623 180000
CATERPILLAR INC COM 149123101 432 5760 SH DEFINED 0102 5760
CATERPILLAR INC COM 149123101 1948 25880 SH DEFINED 0103 25880
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
CEMEX 144A CONV BOND 151290AK9 24063 25000000 PRN DEFINED 011516 25000000
CEMEX ADR B** COM 151290202 5634 724000 SH DEFINED 0124 724000
CEMEX ADR B** COM 151290202 11563 1486000 SH DEFINED 0112 1486000
<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
CEMEX ADR B** COM 151290202 15858 2038000 SH DEFINED 011617 2038000
CENTEX CORPORATION COM 152312104 134 3551 SH DEFINED 0103 3551
CENTRAL & S W COM 152357109 2199 85800 SH DEFINED 0124 85800
CENTRAL & S W COM 152357109 7032 274400 SH DEFINED 0125 274400
CENTRAL & S W COM 152357109 249 9700 SH DEFINED 0102 9700
CENTRAL & S W COM 152357109 813 31720 SH DEFINED 0103 31720
CENTRAL VT PUB SRV COM 155771108 4688 390703 SH DEFINED 0103 390703
CENTURY ALUMINUM COM 156431108 6900 400000 SH DEFINED 0135 400000
CENTURY TELEPHONE EN COM 156686107 6484 210000 SH DEFINED 0128 210000
CENTURY TELEPHONE EN COM 156686107 9263 300000 SH DEFINED 0132 300000
CERIDIAN CORP COM 15677T106 24503 605000 SH DEFINED 0130 605000
CERIDIAN CORP COM 15677T106 7088 175000 SH DEFINED 0108 175000
CERIDIAN CORP COM 15677T106 89100 2200000 SH DEFINED 0126 2200000
CERIDIAN CORP COM 15677T106 5010 123700 SH DEFINED 0125 123700
CERIDIAN CORP COM 15677T106 24300 600000 SH DEFINED 011516 600000
CERIDIAN CORP COM 15677T106 11441 282500 SH DEFINED 0102 282500
CERIDIAN CORP COM 15677T106 7642 188700 SH DEFINED 0131 188700
CERIDIAN CORP COM 15677T106 695 17170 SH DEFINED 0103 17170
CHAMPION INTL COM 158525105 368 8500 SH DEFINED 0124 8500
CHAMPION INTL COM 158525105 398 9200 SH DEFINED 0125 9200
CHAMPION INTL COM 158525105 39 900 SH DEFINED 0102 900
CHAMPION INTL COM 158525105 525 12128 SH DEFINED 0103 12128
CHARTER ONE FINL INC COM 160903100 2646 63000 SH DEFINED 011619 63000
CHARTER ONE FINL INC COM 160903100 10710 255000 SH DEFINED 011614 255000
CHARMING SHOPPES COM 161133103 66 12980 SH DEFINED 0103 12980
CHASE MAHATTAN NEW COM 16161A108 4973 55724 SH DEFINED 0103 55724
CHASE MAHATTAN NEW COM 16161A108 4284 48000 SH DEFINED 01 48000
CHATEAU PROPERTIES COM 161739107 943 35600 SH DEFINED 0131 35600
CHECKFREE COM 162812101 27400 1600000 SH DEFINED 011516 1600000
CHESAPEAKE ENERGY COM 165167107 4172 75000 SH DEFINED 0132 75000
CHESAPEAKE ENERGY COM 165167107 2225 40000 SH DEFINED 011619 40000
CHESAPEAKE ENERGY COM 165167107 12794 230000 SH DEFINED 011614 230000
CHESAPEAKE ENERGY COM 165167107 59 1050 SH DEFINED 0102 1050
CHESAPEAKE ENERGY COM 165167107 3276 58900 SH DEFINED 0131 58900
CHESAPEAKE ENERGY COM 165167107 159 2850 SH DEFINED 0103 2850
CHEVRON CORP COM 166751107 13325 205000 SH DEFINED 0107 205000
CHEVRON CORP COM 166751107 5423 83434 SH DEFINED 0103 83434
CHICAGO MINIATU LAMP COM 167781103 3528 85000 SH DEFINED 011619 85000
CHICAGO MINIATU LAMP COM 167781103 8404 202500 SH DEFINED 011614 202500
CHIREX INC COM 170038103 7200 600000 SH DEFINED 0106 600000
CHRYSLER COM 171196108 112200 3400000 SH DEFINED 0126 3400000
CHRYSLER COM 171196108 19595 593800 SH DEFINED 0124 593800
CHRYSLER COM 171196108 11223 340100 SH DEFINED 0125 340100
CHRYSLER COM 171196108 16830 510000 SH DEFINED 0107 510000
CHRYSLER COM 171196108 58394 1769600 SH DEFINED 0102 1769600
CHRYSLER COM 171196108 4997 151427 SH DEFINED 0103 151427
CHRYSLER COM 171196108 7772 235500 SH DEFINED 01 235500
CHUBB CORP COM 171232101 1198 22283 SH DEFINED 0103 22283
CINCINNATI MILACRON COM 172172108 20068 917320 SH DEFINED 0102 917320
CINCINNATI MILACRON COM 172172108 108 4935 SH DEFINED 0103 4935
<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
CINERGY CORP COM 172474108 8344 250000 SH DEFINED 0132 250000
CINERGY CORP COM 172474108 672 20127 SH DEFINED 0103 20127
CIRCUIT CITY COM 172737108 6016 199700 SH DEFINED 0124 199700
CIRCUIT CITY COM 172737108 4519 150000 SH DEFINED 0135 150000
CIRCUIT CITY COM 172737108 41519 1377983 SH DEFINED 0102 1377983
CIRCUIT CITY COM 172737108 846 28073 SH DEFINED 0103 28073
CIRCUIT CITY COM 172737108 3599 119455 SH DEFINED 01 119455
CISCO SYSTEMS COM 17275R102 36584 575000 SH DEFINED 0130 575000
CISCO SYSTEMS COM 17275R102 8908 140000 SH DEFINED 0108 140000
CISCO SYSTEMS COM 17275R102 381750 6000000 SH DEFINED 0126 6000000
CISCO SYSTEMS COM 17275R102 101800 1600000 SH DEFINED 0111 1600000
CISCO SYSTEMS COM 17275R102 7756 121900 SH DEFINED 0124 121900
CISCO SYSTEMS COM 17275R102 5561 87400 SH DEFINED 0125 87400
CISCO SYSTEMS COM 17275R102 13998 220000 SH DEFINED 011622 220000
CISCO SYSTEMS COM 17275R102 27995 440000 SH DEFINED 011623 440000
CISCO SYSTEMS COM 17275R102 25450 400000 SH DEFINED 011516 400000
CISCO SYSTEMS COM 17275R102 10180 160000 SH DEFINED 011619 160000
CISCO SYSTEMS COM 17275R102 2227 35000 SH DEFINED 011620 35000
CISCO SYSTEMS COM 17275R102 47719 750000 SH DEFINED 011614 750000
CISCO SYSTEMS COM 17275R102 243898 3833425 SH DEFINED 0102 3833425
CISCO SYSTEMS COM 17275R102 47235 742400 SH DEFINED 0131 742400
CISCO SYSTEMS COM 17275R102 11294 177526 SH DEFINED 0103 177526
CISCO SYSTEMS COM 17275R102 23568 370410 SH DEFINED 01 370410
CIRRUS LOGIC CVT CONV BOND 172755AA8 3816 4300000 PRN DEFINED 0104 4300000
CIRRUS LOGIC CVT CONV BOND 172755AA8 3018 3400000 PRN DEFINED 0109 3400000
CIRRUS LOGIC CVT CONV BOND 172755AA8 2108 2375000 PRN DEFINED 011621 2375000
CIRRUS LOGIC CVT CONV BOND 172755AA8 4438 5000000 PRN DEFINED 011614 5000000
CITICORP COM 173034109 329600 3200000 SH DEFINED 0126 3200000
CITICORP COM 173034109 20600 200000 SH DEFINED 011618 200000
CITICORP COM 173034109 3069 29800 SH DEFINED 011620 29800
CITICORP COM 173034109 111025 1077886 SH DEFINED 0102 1077886
CITICORP COM 173034109 7239 70273 SH DEFINED 0103 70273
CITICORP COM 173034109 1854 18000 SH DEFINED 01 18000
CLAYTON HOMES INC COM 184190106 7594 562500 SH DEFINED 0108 562500
CLAYTON HOMES INC COM 184190106 17447 1292375 SH DEFINED 0111 1292375
CLAYTON HOMES INC COM 184190106 25903 1918750 SH DEFINED 011618 1918750
CLAYTON HOMES INC COM 184190106 52086 3858125 SH DEFINED 0102 3858125
CLEAR CHANNEL COMMUN COM 184502102 35097 971600 SH DEFINED 0102 971600
CLEAR CHANNEL COMMUN COM 184502102 7976 220800 SH DEFINED 0131 220800
CLEAR CHANNEL COMMUN COM 184502102 1453 40200 SH DEFINED 0103 40200
CLEARNET COM WARRANT WARRANT 184902112 232 35640 SH DEFINED 0109 35640
CLEARNET COM WARRANT WARRANT 184902112 41 6270 SH DEFINED 011618 6270
CLEARNET COM WARRANT WARRANT 184902112 6 990 SH DEFINED 011620 990
CLIFFS DRILLING COM 18682C100 455 7200 SH DEFINED 011619 7200
CLIFFS DRILLING COM 18682C100 1758 27800 SH DEFINED 011614 27800
CLOROX CO. COM 189054109 9034 90000 SH DEFINED 0107 90000
CLOROX CO. COM 189054109 1004 10000 SH DEFINED 011620 10000
CLOROX CO. COM 189054109 652 6495 SH DEFINED 0103 6495
COACH USA, INC COM 18975L106 1363 47000 SH DEFINED 011619 47000
COACH USA, INC COM 18975L106 7250 250000 SH DEFINED 011614 250000
<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
COASTAL CORP COM 190441105 12219 250000 SH DEFINED 0132 250000
COASTAL CORP COM 190441105 658 13473 SH DEFINED 0103 13473
COCA-COLA COM 191216100 31575 600000 SH DEFINED 0130 600000
COCA-COLA COM 191216100 168400 3200000 SH DEFINED 0126 3200000
COCA-COLA COM 191216100 63503 1206700 SH DEFINED 0111 1206700
COCA-COLA COM 191216100 25749 489300 SH DEFINED 0124 489300
COCA-COLA COM 191216100 20245 384700 SH DEFINED 0125 384700
COCA-COLA COM 191216100 10483 199200 SH DEFINED 011622 199200
COCA-COLA COM 191216100 21008 399200 SH DEFINED 011623 399200
COCA-COLA COM 191216100 38943 740000 SH DEFINED 011618 740000
COCA-COLA COM 191216100 2094 39800 SH DEFINED 011620 39800
COCA-COLA COM 191216100 14665 278645 SH DEFINED 0102 278645
COCA-COLA COM 191216100 21246 403723 SH DEFINED 0103 403723
COGNOS COM 19244C109 2588 92000 SH DEFINED 011619 92000
COGNOS COM 19244C109 10181 362000 SH DEFINED 011614 362000
COGNIZANT CORP COM 192441103 715 21664 SH DEFINED 0103 21664
COLGATE-PALMOLIVE COM 194162103 36900 400000 SH DEFINED 0130 400000
COLGATE-PALMOLIVE COM 194162103 4613 50000 SH DEFINED 0124 50000
COLGATE-PALMOLIVE COM 194162103 4603 49900 SH DEFINED 0125 49900
COLGATE-PALMOLIVE COM 194162103 369 4000 SH DEFINED 0102 4000
COLGATE-PALMOLIVE COM 194162103 2195 23787 SH DEFINED 0103 23787
COLLABORATIVE CLINIC COM 194190104 1344 125000 SH DEFINED 011619 125000
COLUMBIA GAS SYSTEM COM 197648108 38175 600000 SH DEFINED 0130 600000
COLUMBIA GAS SYSTEM COM 197648108 15906 250000 SH DEFINED 0132 250000
COLUMBIA GAS SYSTEM COM 197648108 459 7220 SH DEFINED 0103 7220
COLUMBIA HEALTHCARE COM 197677107 22769 558750 SH DEFINED 0130 558750
COLUMBIA HEALTHCARE COM 197677107 3668 90000 SH DEFINED 011620 90000
COLUMBIA HEALTHCARE COM 197677107 3495 85758 SH DEFINED 0103 85758
COMCAST CORP CLA SPL COM 200300200 743 41701 SH DEFINED 0103 41701
COMERICA INC COM 200340107 767 14639 SH DEFINED 0103 14639
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 ALUM COM 202904108 7303 475000 SH DEFINED 0106 475000
COMMONWEALTH EDISON PREFERRED STOCK 202990925 2993 29203 SH DEFINED 01 29203
COMM&PWR IND 144A COM 20338A108 525 3500 SH DEFINED 0109 3500
CANTV ADR COM 204421101 2813 100000 SH DEFINED 0132 100000
CANTV ADR COM 204421101 5892 209500 SH DEFINED 0135 209500
CANTV ADR COM 204421101 4210 149700 SH DEFINED 011618 149700
CANTV ADR COM 204421101 2813 100000 SH DEFINED 011619 100000
CANTV ADR COM 204421101 8438 300000 SH DEFINED 011614 300000
BUENAVENTURA ADR COM 204448104 4266 250000 SH DEFINED 0135 250000
CHILE TELEPHONE CO COM 204449201 2528 25000 SH DEFINED 0135 25000
COMPAQ COMPUTER CORP COM 204493100 34526 465000 SH DEFINED 0130 465000
COMPAQ COMPUTER CORP COM 204493100 10024 135000 SH DEFINED 0108 135000
COMPAQ COMPUTER CORP COM 204493100 155925 2100000 SH DEFINED 0126 2100000
COMPAQ COMPUTER CORP COM 204493100 51975 700000 SH DEFINED 0111 700000
COMPAQ COMPUTER CORP COM 204493100 3906 52600 SH DEFINED 0124 52600
COMPAQ COMPUTER CORP COM 204493100 3037 40900 SH DEFINED 0125 40900
COMPAQ COMPUTER CORP COM 204493100 7425 100000 SH DEFINED 011622 100000
<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
COMPAQ COMPUTER CORP COM 204493100 14850 200000 SH DEFINED 011623 200000
COMPAQ COMPUTER CORP COM 204493100 65340 880000 SH DEFINED 011618 880000
COMPAQ COMPUTER CORP COM 204493100 3416 46000 SH DEFINED 011620 46000
COMPAQ COMPUTER CORP COM 204493100 364696 4911632 SH DEFINED 0102 4911632
COMPAQ COMPUTER CORP COM 204493100 5153 69399 SH DEFINED 0103 69399
COMPAQ COMPUTER CORP COM 204493100 23689 319040 SH DEFINED 01 319040
COMPUTER ASSOC COM 204912109 22388 450000 SH DEFINED 0130 450000
COMPUTER ASSOC COM 204912109 5473 110000 SH DEFINED 0108 110000
COMPUTER ASSOC COM 204912109 99500 2000000 SH DEFINED 0126 2000000
COMPUTER ASSOC COM 204912109 13955 280500 SH DEFINED 0124 280500
COMPUTER ASSOC COM 204912109 6949 139675 SH DEFINED 0125 139675
COMPUTER ASSOC COM 204912109 2985 60000 SH DEFINED 0135 60000
COMPUTER ASSOC COM 204912109 7463 150000 SH DEFINED 011622 150000
COMPUTER ASSOC COM 204912109 19912 400250 SH DEFINED 011623 400250
COMPUTER ASSOC COM 204912109 31343 630000 SH DEFINED 011618 630000
COMPUTER ASSOC COM 204912109 176671 3551352 SH DEFINED 0102 3551352
COMPUTER ASSOC COM 204912109 6194 124500 SH DEFINED 0131 124500
COMPUTER ASSOC COM 204912109 4756 95603 SH DEFINED 0103 95603
COMPUTER ASSOC COM 204912109 17697 355700 SH DEFINED 01 355700
COMPUTER PRODUCTS COM 205300106 2828 145000 SH DEFINED 011619 145000
COMPUTER PRODUCTS COM 205300106 11505 590000 SH DEFINED 011614 590000
COMPUTER SCIENCES COM 205363104 123188 1500000 SH DEFINED 0126 1500000
COMPUTER SCIENCES COM 205363104 454 5530 SH DEFINED 0124 5530
COMPUTER SCIENCES COM 205363104 24638 300000 SH DEFINED 011516 300000
COMPUTER SCIENCES COM 205363104 4517 55000 SH DEFINED 011620 55000
COMPUTER SCIENCES COM 205363104 467 5700 SH DEFINED 0102 5700
COMPUTER SCIENCES COM 205363104 14479 176300 SH DEFINED 0131 176300
COMPUTER SCIENCES COM 205363104 1422 17309 SH DEFINED 0103 17309
COMPUTER SCIENCES COM 205363104 6159 75000 SH DEFINED 01 75000
COMPUTER TASK GROUP COM 205477102 14447 335000 SH DEFINED 011614 335000
CONAGRA COM 205887102 19900 400000 SH DEFINED 0130 400000
CONAGRA COM 205887102 13184 265000 SH DEFINED 0108 265000
CONAGRA COM 205887102 199000 4000000 SH DEFINED 0126 4000000
CONAGRA COM 205887102 7482 150400 SH DEFINED 0124 150400
CONAGRA COM 205887102 5358 107700 SH DEFINED 0125 107700
CONAGRA COM 205887102 19900 400000 SH DEFINED 011618 400000
CONAGRA COM 205887102 473 9500 SH DEFINED 0102 9500
CONAGRA COM 205887102 1827 36712 SH DEFINED 0103 36712
CONAGRA COM 205887102 7499 150730 SH DEFINED 01 150730
COMPUTER HORIZONS COM 205908106 6738 175000 SH DEFINED 0106 175000
CONCORDIA PAPER COM 206575102 428 90000 SH DEFINED 0128 90000
CONRAIL INC. COM 208368100 1050 10539 SH DEFINED 0103 10539
CONSOLIDATED EDISON COM 209111103 4973 170000 SH DEFINED 0124 170000
CONSOLIDATED EDISON COM 209111103 9068 310000 SH DEFINED 0125 310000
CONSOLIDATED EDISON COM 209111103 523 17900 SH DEFINED 0102 17900
CONSOLIDATED EDISON COM 209111103 1348 46099 SH DEFINED 0103 46099
CONSOLIDATED NAT GAS COM 209615103 663 12008 SH DEFINED 0103 12008
CONTROLA COMM MEX COM 21238A206 4648 260000 SH DEFINED 0135 260000
COOPER CAMERON COM 216640102 3825 50000 SH DEFINED 011619 50000
COOPER CAMERON COM 216640102 18360 240000 SH DEFINED 011614 240000
<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
COOPER INDUSTRIES COM 216669101 580 13778 SH DEFINED 0103 13778
COOPER TIRE & RUBBER COM 216831107 207 10462 SH DEFINED 0103 10462
COORS ADOLPH COM 217016104 90 4714 SH DEFINED 0103 4714
CORAM HEALTHCARE COR COM 218103109 17500 3500000 SH DEFINED 011516 3500000
CORESTATES FINANCIAL COM 218695104 1472 28371 SH DEFINED 0103 28371
CORNING (DEL) MIPS PREFERRED STOCK 219319209 13998 220000 SH DEFINED 0107 220000
CORNING INC COM 219350105 1360 29395 SH DEFINED 0103 29395
CRANE CO. COM 224399105 164 5649 SH DEFINED 0103 5649
CREDITT LYON CAP COM 225386101 0 1 SH DEFINED 0103 1
CRESTAR FINANCIAL CO COM 226091106 296 3983 SH DEFINED 0102 3983
CRESTAR FINANCIAL CO COM 226091106 8635 116100 SH DEFINED 0131 116100
CRESTAR FINANCIAL CO COM 226091106 417 5600 SH DEFINED 0103 5600
CROMPTON & KNOWLES COM 227111101 1386 72000 SH DEFINED 011619 72000
CROMPTON & KNOWLES COM 227111101 7700 400000 SH DEFINED 011614 400000
CROWN CORK & SEAL COM 228255105 32625 600000 SH DEFINED 0130 600000
CROWN CORK & SEAL COM 228255105 16313 300000 SH DEFINED 0108 300000
CROWN CORK & SEAL COM 228255105 32625 600000 SH DEFINED 0126 600000
CROWN CORK & SEAL COM 228255105 19880 365600 SH DEFINED 0124 365600
CROWN CORK & SEAL COM 228255105 11843 217800 SH DEFINED 0125 217800
CROWN CORK & SEAL COM 228255105 7069 130000 SH DEFINED 0135 130000
CROWN CORK & SEAL COM 228255105 43500 800000 SH DEFINED 011516 800000
CROWN CORK & SEAL COM 228255105 59813 1100000 SH DEFINED 011618 1100000
CROWN CORK & SEAL COM 228255105 1767 32500 SH DEFINED 011620 32500
CROWN CORK & SEAL COM 228255105 211330 3886506 SH DEFINED 0102 3886506
CROWN CORK & SEAL COM 228255105 3937 72415 SH DEFINED 0103 72415
CROWN CORK & SEAL COM 228255105 20010 368000 SH DEFINED 01 368000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 11672 225000 SH DEFINED 0130 225000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 26456 510000 SH DEFINED 0107 510000
CROWN CORK CVT PFD CONV PFD STOCK 228255303 3631 70000 SH DEFINED 01 70000
CROWN PKG WTS WARRANT 228443115 5 10000 SH DEFINED 0109 10000
CULLIGAN WATER COM 230029100 16200 400000 SH DEFINED 0111 400000
CULLIGAN WATER COM 230029100 25932 640280 SH DEFINED 0102 640280
CULLIGAN WATER COM 230029100 10259 253300 SH DEFINED 0131 253300
CULLIGAN WATER COM 230029100 1141 28170 SH DEFINED 0103 28170
CUMMINS ENGINE COM 231021106 232 5045 SH DEFINED 0103 5045
CYLINK COM 232565101 6513 501000 SH DEFINED 011516 501000
CYPRUS AMAX MINERALS COM 232809103 277 11842 SH DEFINED 0103 11842
DQE COM 23329J104 8700 300000 SH DEFINED 0132 300000
DPL INC COM 233293109 13475 550000 SH DEFINED 0132 550000
DPL INC COM 233293109 6140 250600 SH DEFINED 0107 250600
DPL INC COM 233293109 13498 550927 SH DEFINED 0103 550927
DSC COMMUNICATIONS COM 233311109 260 14539 SH DEFINED 0103 14539
DST SYSTEMS COM 233326107 18143 578290 SH DEFINED 0102 578290
DST SYSTEMS COM 233326107 436 13910 SH DEFINED 0103 13910
DT INDUSTRIES INC. COM 23333J108 7000 200000 SH DEFINED 0106 200000
DT INDUSTRIES INC. COM 23333J108 2800 80000 SH DEFINED 011619 80000
DT INDUSTRIES INC. COM 23333J108 11200 320000 SH DEFINED 011614 320000
DTE ENERGY COMPANY COM 233331107 6475 200000 SH DEFINED 0132 200000
DTE ENERGY COMPANY COM 233331107 598 18472 SH DEFINED 0103 18472
DAIMLER-BENZ AG ADR COM 233829308 5138 75000 SH DEFINED 0135 75000
<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
DAIRY MART WARRANTS WARRANT 2338602*5 129 51666 SH DEFINED 0104 51666
DAIRY MART WARRANTS WARRANT 2338602*5 778 311333 SH DEFINED 0109 311333
DAIRY MART WARRANTS WARRANT 2338602*5 25 10000 SH DEFINED 011621 10000
DALLAS SEMICONDUCTOR COM 235204104 2691 117000 SH DEFINED 011619 117000
DANA CORP COM 235811106 424 12997 SH DEFINED 0103 12997
DANAHER CORP COM 235851102 10491 225000 SH DEFINED 0108 225000
DANAHER CORP COM 235851102 6994 150000 SH DEFINED 0128 150000
DANKA BUSINESS SYS P COM 236277109 53063 1500000 SH DEFINED 0111 1500000
DANKA BUSINESS SYS P COM 236277109 4776 135000 SH DEFINED 011622 135000
DANKA BUSINESS SYS P COM 236277109 10613 300000 SH DEFINED 011623 300000
DANKA BUSINESS SYS P COM 236277109 213 6000 SH DEFINED 0102 6000
DARDEN RESTAURANT COM 237194105 173 19750 SH DEFINED 0103 19750
DASSAULT ADS COM 237545108 167 3600 SH DEFINED 01 3600
DATA GENERAL COM 237688106 70 4837 SH DEFINED 0103 4837
DATA I/O COM 237690102 0 1 SH DEFINED 0103 1
DATA PROCESSING RES COM 237823109 7955 430000 SH DEFINED 011516 430000
DAYTON HUDSON CORP COM 239753106 1083 27580 SH DEFINED 0103 27580
DEAN WITTER COM 24240V101 4055 61200 SH DEFINED 0124 61200
DEAN WITTER COM 24240V101 1875 28300 SH DEFINED 0125 28300
DEAN WITTER COM 24240V101 26500 400000 SH DEFINED 011618 400000
DEAN WITTER COM 24240V101 445 6700 SH DEFINED 0102 6700
DEAN WITTER COM 24240V101 10686 161300 SH DEFINED 0131 161300
DEAN WITTER COM 24240V101 2376 35857 SH DEFINED 0103 35857
DEAN WITTER COM 24240V101 2915 44000 SH DEFINED 01 44000
DEERE & COMPANY COM 244199105 40625 1000000 SH DEFINED 0130 1000000
DEERE & COMPANY COM 244199105 9141 225000 SH DEFINED 0108 225000
DEERE & COMPANY COM 244199105 138125 3400000 SH DEFINED 0126 3400000
DEERE & COMPANY COM 244199105 48750 1200000 SH DEFINED 0111 1200000
DEERE & COMPANY COM 244199105 15328 377300 SH DEFINED 0124 377300
DEERE & COMPANY COM 244199105 10075 248000 SH DEFINED 0125 248000
DEERE & COMPANY COM 244199105 6947 171000 SH DEFINED 011622 171000
DEERE & COMPANY COM 244199105 11944 294000 SH DEFINED 011623 294000
DEERE & COMPANY COM 244199105 48750 1200000 SH DEFINED 011516 1200000
DEERE & COMPANY COM 244199105 38594 950000 SH DEFINED 011618 950000
DEERE & COMPANY COM 244199105 180234 4436526 SH DEFINED 0102 4436526
DEERE & COMPANY COM 244199105 3576 88042 SH DEFINED 0103 88042
DEERE & COMPANY COM 244199105 12145 298940 SH DEFINED 01 298940
DELL COMPUTER CORP COM 247025109 765 14400 SH DEFINED 0125 14400
DELL COMPUTER CORP COM 247025109 1403 26406 SH DEFINED 0103 26406
DELTA & PINE LAND CO COM 247357106 49 1550 SH DEFINED 0102 1550
DELTA & PINE LAND CO COM 247357106 2838 88700 SH DEFINED 0131 88700
DELTA & PINE LAND CO COM 247357106 138 4300 SH DEFINED 0103 4300
DELTA AIR LINES COM 247361108 729 10289 SH DEFINED 0103 10289
DELUXE CORPORATION COM 248019101 9170 280000 SH DEFINED 0131 280000
DELUXE CORPORATION COM 248019101 344 10509 SH DEFINED 0103 10509
DENTSPLY INTERNATL I COM 249030107 2993 63000 SH DEFINED 011619 63000
DENTSPLY INTERNATL I COM 249030107 11780 248000 SH DEFINED 011614 248000
DENTSPLY INTERNATL I COM 249030107 483 10148 SH DEFINED 0102 10148
DENTSPLY INTERNATL I COM 249030107 523 11000 SH DEFINED 01 11000
DEPARTMENT 56 COM 249509100 4950 200000 SH DEFINED 0128 200000
<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
DESC SOCIEDAD INDUST COM 250309101 4950 225000 SH DEFINED 0135 225000
DEVELOPERS DIV RLTY CONV BOND 251591AA1 3728 3500000 PRN DEFINED 0104 3500000
DEVELOPERS DIV RLTY CONV BOND 251591AA1 1598 1500000 PRN DEFINED 011621 1500000
DEVELOPERS DIV COM 251591103 11138 300000 SH DEFINED 0113 300000
DEVELOPERS DIV COM 251591103 11138 300000 SH DEFINED 0131 300000
DEVON ENERGY COM 251799102 8688 250000 SH DEFINED 0106 250000
DEVON ENERGY COM 251799102 13444 386885 SH DEFINED 0102 386885
DEVON ENERGY COM 251799102 383 11015 SH DEFINED 0103 11015
DIAL CORP COM 25247D101 2950 200000 SH DEFINED 0108 200000
DIAMOND OFFSHORE DRI COM 25271C102 2850 50000 SH DEFINED 0135 50000
DIGITAL EQUIPMENT COM 253849103 722 19857 SH DEFINED 0103 19857
DIGITAL GENERATION S COM 253921100 3853 460000 SH DEFINED 011516 460000
DILLARD DEPT CLASS A COM 254063100 446 14452 SH DEFINED 0103 14452
DIMON INC COM 254394109 1457 63000 SH DEFINED 011620 63000
DISCO COM 254609100 7063 250000 SH DEFINED 0135 250000
DISNEY WALT CO COM 254687106 20888 300000 SH DEFINED 0130 300000
DISNEY WALT CO COM 254687106 34813 500000 SH DEFINED 0111 500000
DISNEY WALT CO COM 254687106 6266 90000 SH DEFINED 011622 90000
DISNEY WALT CO COM 254687106 13925 200000 SH DEFINED 011623 200000
DISNEY WALT CO COM 254687106 13925 200000 SH DEFINED 011618 200000
DISNEY WALT CO COM 254687106 252 3600 SH DEFINED 0102 3600
DISNEY WALT CO COM 254687106 6036 86696 SH DEFINED 0103 86696
DISNEY WALT CO COM 254687106 2228 32000 SH DEFINED 01 32000
DOLE FOOD CO INC COM 256605106 2981 88000 SH DEFINED 01 88000
DOLLAR GENERAL COM 256669102 26403 825100 SH DEFINED 011618 825100
DOLLAR GENERAL COM 256669102 4160 130000 SH DEFINED 011619 130000
DOLLAR GENERAL COM 256669102 640 20000 SH DEFINED 011620 20000
DOLLAR GENERAL COM 256669102 16960 530000 SH DEFINED 011614 530000
DOLLAR GENERAL COM 256669102 277 8650 SH DEFINED 0102 8650
DOLLAR GENERAL COM 256669102 8694 271700 SH DEFINED 0131 271700
DOLLAR GENERAL COM 256669102 397 12400 SH DEFINED 0103 12400
DOMINICKS SUPERMKTS COM 257159103 2893 133000 SH DEFINED 011619 133000
DOMINICKS SUPERMKTS COM 257159103 11549 531000 SH DEFINED 011614 531000
DOMINION RES INC VA COM 257470104 19250 500000 SH DEFINED 0113 500000
DOMINION RES INC VA COM 257470104 875 22738 SH DEFINED 0103 22738
DONNELLEY (RR)&SONS COM 257867101 614 19577 SH DEFINED 0103 19577
DOVER CORP COM 260003108 127860 2544481 SH DEFINED 0103 2544481
DOW CHEMICAL COM 260543103 39188 500000 SH DEFINED 0113 500000
DOW CHEMICAL COM 260543103 9405 120000 SH DEFINED 0107 120000
DOW CHEMICAL COM 260543103 29391 375000 SH DEFINED 0131 375000
DOW CHEMICAL COM 260543103 3705 47277 SH DEFINED 0103 47277
DOW CHEMICAL COM 260543103 6584 84000 SH DEFINED 01 84000
DOW JONES & CO COM 260561105 417 12316 SH DEFINED 0103 12316
DRESSER INDUSTRIES COM 261597108 709 22875 SH DEFINED 0103 22875
DRIEFONTEIN CON ADR COM 262026503 1000 100000 SH DEFINED 0127 100000
DREYFUS MONEY MARKET COM 262904204 4 3855 SH DEFINED 01 3855
E I DUPONT COM 263534109 11797 125000 SH DEFINED 0107 125000
E I DUPONT COM 263534109 79 840 SH DEFINED 0102 840
E I DUPONT COM 263534109 6765 71679 SH DEFINED 0103 71679
DUKE POWER COMPANY COM 264399106 10406 225000 SH DEFINED 0132 225000
<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
DUKE POWER COMPANY COM 264399106 12256 265000 SH DEFINED 0107 265000
DUKE POWER COMPANY COM 264399106 1198 25912 SH DEFINED 0103 25912
DUKE POWER COMPANY COM 264399106 2081 45000 SH DEFINED 01 45000
DUKE REALTY COM 264411505 5775 150000 SH DEFINED 0132 150000
DUKE REALTY COM 264411505 5968 155000 SH DEFINED 0107 155000
DUN & BRADSTREET CP COM 264830100 23750 1000000 SH DEFINED 0113 1000000
DUN & BRADSTREET CP COM 264830100 10688 450000 SH DEFINED 0107 450000
DUN & BRADSTREET CP COM 264830100 1251 52664 SH DEFINED 0103 52664
DURA AUTOMOTIVE SYST COM 265903104 4950 220000 SH DEFINED 0128 220000
DURA AUTOMOTIVE SYST COM 265903104 6188 275000 SH DEFINED 0106 275000
DUPONT PHOTO COM 26613X101 1021 22500 SH DEFINED 0111 22500
DYNATECH, CORP COM 268138104 2788 63000 SH DEFINED 011619 63000
DYNATECH, CORP COM 268138104 11151 252000 SH DEFINED 011614 252000
E G & G INC COM 268457108 118 5859 SH DEFINED 0103 5859
EMC CORPORATION COM 268648102 980 29572 SH DEFINED 0103 29572
ENSCO INTL INC COM 26874Q100 2183 45000 SH DEFINED 0135 45000
ENSCO INTL INC COM 26874Q100 3347 69000 SH DEFINED 011619 69000
ENSCO INTL INC COM 26874Q100 13580 280000 SH DEFINED 011614 280000
ENSCO INTL INC COM 26874Q100 25023 515900 SH DEFINED 0102 515900
ENSCO INTL INC COM 26874Q100 643 13250 SH DEFINED 0103 13250
ESS TECHNOLOGY COM 269151106 2194 78000 SH DEFINED 011619 78000
ESS TECHNOLOGY COM 269151106 8691 309000 SH DEFINED 011614 309000
ETEC SYSTEMS INC COM 26922C103 1530 40000 SH DEFINED 011619 40000
ETEC SYSTEMS INC COM 26922C103 7650 200000 SH DEFINED 011614 200000
E TRADE COM 269246104 91 7900 SH DEFINED 01 7900
EAGLE HARDWARE & GAR COM 26959B101 73 3500 SH DEFINED 0102 3500
EASTERN ENTERPRISES COM 27637F100 92 2587 SH DEFINED 0103 2587
EASTMAN CHEMICAL CO COM 277432100 552 9993 SH DEFINED 0103 9993
EASTMAN KODAK COM 277461109 3453 43022 SH DEFINED 0103 43022
EASTWIND GROUP INC COM 277837100 7 1500 SH DEFINED 0102 1500
EATON CORP COM 278058102 26937 386200 SH DEFINED 0130 386200
EATON CORP COM 278058102 691 9910 SH DEFINED 0103 9910
ECHELON INT'L CORP COM 278747100 36 2333 SH DEFINED 01 2333
ECHLIN INC COM 278749106 247 7811 SH DEFINED 0103 7811
ECHO BAY MINES LTD COM 278751102 115 17433 SH DEFINED 0103 17433
ECHOSTAR COMMUN CORP COM 278762109 2200 100000 SH DEFINED 0109 100000
ECOLAB, INC. COM 278865100 7074 188000 SH DEFINED 0128 188000
ECOLAB, INC. COM 278865100 367 9750 SH DEFINED 0102 9750
ECOLAB, INC. COM 278865100 11950 317600 SH DEFINED 0131 317600
ECOLAB, INC. COM 278865100 804 21365 SH DEFINED 0103 21365
E.C. SOFT GROUP PLC COM 279240105 2069 215000 SH DEFINED 0106 215000
EDISON INTL COM 281020107 10931 550000 SH DEFINED 0132 550000
EDISON INTL COM 281020107 1091 54895 SH DEFINED 0103 54895
A.G. EDWARDS INC. COM 281760108 1513 45000 SH DEFINED 011619 45000
A.G. EDWARDS INC. COM 281760108 7936 236000 SH DEFINED 011614 236000
A.G. EDWARDS INC. COM 281760108 340 10136 SH DEFINED 0102 10136
A.G. EDWARDS INC. COM 281760108 437 13000 SH DEFINED 01 13000
EL PASO NATURAL GAS COM 283695872 5050 100000 SH DEFINED 0132 100000
EL PASO NATURAL GAS COM 283695872 4535 89806 SH DEFINED 0105 89806
EL PASO NATURAL GAS COM 283695872 230 4555 SH DEFINED 01 4555
<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
ELAN CORP PLC ADR COM 284131208 23275 700000 SH DEFINED 011516 700000
ELECTRONIC ARTS INC COM 285512109 2245 75000 SH DEFINED 011619 75000
ELECTRONIC ARTS INC COM 285512109 9580 320000 SH DEFINED 011614 320000
ELECTRONIC ARTS INC COM 285512109 565 18872 SH DEFINED 0102 18872
ELECTRONIC ARTS INC COM 285512109 599 20000 SH DEFINED 01 20000
ELEXSYS INTL COM 28626C108 596 30000 SH DEFINED 011619 30000
ANDINA COM 29081P105 61 2011 SH DEFINED 0102 2011
EMCOR Z WTS COM 29084Q134 0 3168 SH DEFINED 0103 3168
EMERSON ELECTRIC COM 291011104 38700 400000 SH DEFINED 0130 400000
EMERSON ELECTRIC COM 291011104 13061 135000 SH DEFINED 0108 135000
EMERSON ELECTRIC COM 291011104 164475 1700000 SH DEFINED 0126 1700000
EMERSON ELECTRIC COM 291011104 41119 425000 SH DEFINED 0113 425000
EMERSON ELECTRIC COM 291011104 35198 363800 SH DEFINED 0124 363800
EMERSON ELECTRIC COM 291011104 20975 216800 SH DEFINED 0125 216800
EMERSON ELECTRIC COM 291011104 14600 150900 SH DEFINED 0107 150900
EMERSON ELECTRIC COM 291011104 48375 500000 SH DEFINED 011516 500000
EMERSON ELECTRIC COM 291011104 41119 425000 SH DEFINED 011618 425000
EMERSON ELECTRIC COM 291011104 5805 60000 SH DEFINED 011620 60000
EMERSON ELECTRIC COM 291011104 235023 2429204 SH DEFINED 0102 2429204
EMERSON ELECTRIC COM 291011104 29025 300000 SH DEFINED 0131 300000
EMERSON ELECTRIC COM 291011104 7898 81615 SH DEFINED 0103 81615
EMERSON ELECTRIC COM 291011104 11204 115805 SH DEFINED 01 115805
EMISPERE COM 291345106 2235 120000 SH DEFINED 011619 120000
EMISPERE COM 291345106 9313 500000 SH DEFINED 011614 500000
EMMIS BROADCASTING C COM 291525103 262 8000 SH DEFINED 0102 8000
EMMIS BROADCASTING C COM 291525103 8148 248800 SH DEFINED 0131 248800
EMMIS BROADCASTING C COM 291525103 383 11700 SH DEFINED 0103 11700
EMPIRE DISTRICT ELEC COM 291641108 9710 517886 SH DEFINED 0103 517886
EMPLOYEE SOLUTIONS I COM 292166105 2419 118000 SH DEFINED 011619 118000
EMPLOYEE SOLUTIONS I COM 292166105 10250 500000 SH DEFINED 011614 500000
EMPRESAS ICA S COM 292448107 2925 200000 SH DEFINED 0128 200000
EMPRESAS ICA S COM 292448107 5850 400000 SH DEFINED 0135 400000
ENERGY BIO 144A $50 CONV PFD STOCK 29265L201 1282 35000 SH DEFINED 011614 35000
ENGELHARD CORP COM 292845104 13 700 SH DEFINED 0125 700
ENGELHARD CORP COM 292845104 408 21317 SH DEFINED 0103 21317
ENRON CORP COM 293561106 10781 250000 SH DEFINED 0132 250000
ENRON CORP COM 293561106 11832 274395 SH DEFINED 0102 274395
ENRON CORP COM 293561106 1627 37716 SH DEFINED 0103 37716
ENRON CORP COM 293561106 798 18500 SH DEFINED 01 18500
ENRON OIL & GAS CO COM 293562104 8838 350000 SH DEFINED 0108 350000
ENRON OIL & GAS CO COM 293562104 38317 1517531 SH DEFINED 0102 1517531
ENRON OIL & GAS CO COM 293562104 12150 481200 SH DEFINED 0131 481200
ENRON OIL & GAS CO COM 293562104 1692 67005 SH DEFINED 0103 67005
ENSERCH CORP COM 293567103 196 8528 SH DEFINED 0103 8528
ENTERGY CORP COM 29364G103 22200 800000 SH DEFINED 0113 800000
ENTERGY CORP COM 29364G103 17344 625000 SH DEFINED 0131 625000
ENTERGY CORP COM 29364G103 1531 55140 SH DEFINED 0103 55140
ENVOY CORP COM 293982104 1631 43500 SH DEFINED 011619 43500
ENVOY CORP COM 293982104 6244 166500 SH DEFINED 011614 166500
EPIC VS LARGE CO COM 294299995 539 31250 SH DEFINED 0102 31250
<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
EQUIFAX INC COM 294429105 2909 95000 SH DEFINED 011619 95000
EQUIFAX INC COM 294429105 13016 425000 SH DEFINED 011614 425000
EQUIFAX INC COM 294429105 654 21376 SH DEFINED 0102 21376
EQUIFAX INC COM 294429105 735 24000 SH DEFINED 01 24000
EQUITABLE COS INC COM 29444G107 1 22 SH DEFINED 0116 22
EQUITY RESIDENTIAL COM 29476L107 4125 100000 SH DEFINED 0132 100000
ERICSSON LM 'B' ADR COM 294821400 120750 4000000 SH DEFINED 0126 4000000
ERICSSON LM 'B' ADR COM 294821400 45281 1500000 SH DEFINED 0111 1500000
ERICSSON LM 'B' ADR COM 294821400 9056 300000 SH DEFINED 0132 300000
ERICSSON LM 'B' ADR COM 294821400 7547 250000 SH DEFINED 011622 250000
ERICSSON LM 'B' ADR COM 294821400 18113 600000 SH DEFINED 011623 600000
ERICSSON LM 'B' ADR COM 294821400 40753 1350000 SH DEFINED 011618 1350000
ERICSSON LM 'B' ADR COM 294821400 27908 924487 SH DEFINED 0102 924487
ERICSSON LM 'B' ADR COM 294821400 741 24550 SH DEFINED 0103 24550
ERICSSON LM 'B' ADR COM 294821400 10596 351000 SH DEFINED 01 351000
ERICSSON LM ADR'S COM 294821509 29313 7000000 SH DEFINED 0130 7000000
EVEREST REINSURANCE COM 299808105 15427 536600 SH DEFINED 0130 536600
EVEREST REINSURANCE COM 299808105 2875 100000 SH DEFINED 011619 100000
EVEREST REINSURANCE COM 299808105 7188 250000 SH DEFINED 011614 250000
EVEREST REINSURANCE COM 299808105 47530 1653140 SH DEFINED 0102 1653140
EVEREST REINSURANCE COM 299808105 5675 197400 SH DEFINED 0131 197400
EVEREST REINSURANCE COM 299808105 293 10200 SH DEFINED 0103 10200
EXABYTE CORP COM 300615101 4146 310000 SH DEFINED 0128 310000
EXABYTE CORP COM 300615101 2274 170000 SH DEFINED 011619 170000
EXABYTE CORP COM 300615101 9042 676000 SH DEFINED 011614 676000
EXECUTIVE RISK COM 301586103 4806 129900 SH DEFINED 0128 129900
EXPRESS SCRIPT COM 302182100 251 7001 SH DEFINED 0102 7001
EXXON COM 302290101 98000 1000000 SH DEFINED 0126 1000000
EXXON COM 302290101 39200 400000 SH DEFINED 0113 400000
EXXON COM 302290101 18620 190000 SH DEFINED 0107 190000
EXXON COM 302290101 29400 300000 SH DEFINED 0131 300000
EXXON COM 302290101 17060 174086 SH DEFINED 0103 174086
EYE CARE CTR WTS'03 WARRANT 302294137 12 3000 SH DEFINED 011621 3000
F & M BANCORPORATION COM 302371109 1363 45810 SH DEFINED 0128 45810
FMC CORP COM 302491303 322 4595 SH DEFINED 0103 4595
FPL GROUP INC. COM 302571104 13800 300000 SH DEFINED 0132 300000
FPL GROUP INC. COM 302571104 13800 300000 SH DEFINED 0124 300000
FPL GROUP INC. COM 302571104 12190 265000 SH DEFINED 0107 265000
FPL GROUP INC. COM 302571104 1380 30000 SH DEFINED 011620 30000
FPL GROUP INC. COM 302571104 718 15600 SH DEFINED 0102 15600
FPL GROUP INC. COM 302571104 4711 102406 SH DEFINED 0103 102406
FAIRFIELD COMMUNITIE COM 304231301 3341 135000 SH DEFINED 011619 135000
FALCON DRILLING COM 305914103 2944 75000 SH DEFINED 0135 75000
FALCON DRILLING COM 305914103 5613 143000 SH DEFINED 011619 143000
FEDERAL EXPRESS COM 313309106 645 14504 SH DEFINED 0103 14504
FED HOME LOAN MTG CP COM 313400301 8381 76100 SH DEFINED 0124 76100
FED HOME LOAN MTG CP COM 313400301 8336 75700 SH DEFINED 0125 75700
FED HOME LOAN MTG CP COM 313400301 583 5300 SH DEFINED 0102 5300
FED HOME LOAN MTG CP COM 313400301 4089 37136 SH DEFINED 0103 37136
FEDERAL NATL MTGE COM 313586109 22350 600000 SH DEFINED 011618 600000
<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
FEDERAL NATL MTGE COM 313586109 52654 1413554 SH DEFINED 0102 1413554
FEDERAL NATL MTGE COM 313586109 6419 172326 SH DEFINED 0103 172326
FEDERAL SIGNAL CORP COM 313855108 1553 60000 SH DEFINED 011620 60000
FEDERATED DPT STORES COM 31410H101 17063 500000 SH DEFINED 0130 500000
FEDERATED DPT STORES COM 31410H101 11091 325000 SH DEFINED 0108 325000
FEDERATED DPT STORES COM 31410H101 61425 1800000 SH DEFINED 0126 1800000
FEDERATED DPT STORES COM 31410H101 9231 270500 SH DEFINED 0124 270500
FEDERATED DPT STORES COM 31410H101 6422 188200 SH DEFINED 0125 188200
FEDERATED DPT STORES COM 31410H101 34125 1000000 SH DEFINED 011516 1000000
FEDERATED DPT STORES COM 31410H101 111436 3265437 SH DEFINED 0102 3265437
FEDERATED DPT STORES COM 31410H101 2356 69067 SH DEFINED 0103 69067
FEDERATED DPT STORES COM 31410H101 10732 314500 SH DEFINED 01 314500
FELCOR HOTEL COM 314305103 7959 225000 SH DEFINED 0107 225000
FIDELITY MAGELLAN FD COM 316184100 5 62 SH DEFINED 01 62
FIFTH THIRD BANCORP COM 316773100 848 13498 SH DEFINED 0103 13498
FINOVA GROUP INC. COM 317928109 20881 325000 SH DEFINED 0106 325000
FINOVA GROUP INC. COM 317928109 1574 24500 SH DEFINED 01 24500
FINOVA GRP CVT PFD CONV PFD STOCK 31808E207 5250 100000 SH DEFINED 0130 100000
FIRST BANK SYSTEM COM 319279105 204 3000 SH DEFINED 0102 3000
FIRST BANK SYSTEM COM 319279105 1227 17972 SH DEFINED 0103 17972
FIRST CHICAGO NBD COM 31945A100 3 50 SH DEFINED 011623 50
FIRST CHICAGO NBD COM 31945A100 131 2433 SH DEFINED 0102 2433
FIRST CHICAGO NBD COM 31945A100 2172 40400 SH DEFINED 0103 40400
FIRST CHI SRV 50 NBD CONV PFD STOCK 31945A407 11683 129450 SH DEFINED 01 129450
FIRST DATA CORP COM 319963104 156950 4300000 SH DEFINED 0126 4300000
FIRST DATA CORP COM 319963104 68208 1868720 SH DEFINED 0111 1868720
FIRST DATA CORP COM 319963104 11782 322800 SH DEFINED 0124 322800
FIRST DATA CORP COM 319963104 2519 69000 SH DEFINED 0125 69000
FIRST DATA CORP COM 319963104 7317 200456 SH DEFINED 011622 200456
FIRST DATA CORP COM 319963104 16300 446588 SH DEFINED 011623 446588
FIRST DATA CORP COM 319963104 29200 800000 SH DEFINED 011618 800000
FIRST DATA CORP COM 319963104 1460 40000 SH DEFINED 011620 40000
FIRST DATA CORP COM 319963104 33130 907593 SH DEFINED 0102 907593
FIRST DATA CORP COM 319963104 8683 237884 SH DEFINED 0131 237884
FIRST DATA CORP COM 319963104 3933 107756 SH DEFINED 0103 107756
FIRST DATA CORP COM 319963104 5785 158500 SH DEFINED 01 158500
1ST USA PAYMENTECH COM 336912100 10789 318500 SH DEFINED 011618 318500
1ST USA PAYMENTECH COM 336912100 2439 72000 SH DEFINED 011619 72000
1ST USA PAYMENTECH COM 336912100 11179 330000 SH DEFINED 011614 330000
FIRST UNION CORP COM 337358105 37000 500000 SH DEFINED 0130 500000
FIRST UNION CORP COM 337358105 12210 165000 SH DEFINED 0108 165000
FIRST UNION CORP COM 337358105 38850 525000 SH DEFINED 0113 525000
FIRST UNION CORP COM 337358105 8359 112964 SH DEFINED 0124 112964
FIRST UNION CORP COM 337358105 7185 97100 SH DEFINED 0125 97100
FIRST UNION CORP COM 337358105 25530 345000 SH DEFINED 0107 345000
FIRST UNION CORP COM 337358105 2701 36500 SH DEFINED 011620 36500
FIRST UNION CORP COM 337358105 631 8530 SH DEFINED 0102 8530
FIRST UNION CORP COM 337358105 29600 400000 SH DEFINED 0131 400000
FIRST UNION CORP COM 337358105 4899 66196 SH DEFINED 0103 66196
FIRST UNION CORP COM 337358105 6068 82000 SH DEFINED 01 82000
<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
FIRST VIRGINIA BANK COM 337477103 7756 162000 SH DEFINED 0128 162000
FIRST VIRTUAL INC COM 337486104 900 100000 SH DEFINED 0111 100000
FISERV INC COM 337738108 14700 400000 SH DEFINED 0106 400000
FISERV INC COM 337738108 42263 1150000 SH DEFINED 011516 1150000
FISERV INC COM 337738108 2951 80300 SH DEFINED 011619 80300
FISERV INC COM 337738108 12936 352000 SH DEFINED 011614 352000
FISERV INC COM 337738108 587 15944 SH DEFINED 0102 15944
FISERV INC COM 337738108 1029 28000 SH DEFINED 01 28000
FISHER SCIENTIFIC IN COM 338032105 8247 175000 SH DEFINED 0106 175000
FISHER SCIENTIFIC IN COM 338032105 28275 600000 SH DEFINED 011516 600000
FISHER SCIENTIFIC IN COM 338032105 61 1300 SH DEFINED 0102 1300
FISHER SCIENTIFIC IN COM 338032105 3440 73000 SH DEFINED 0131 73000
FISHER SCIENTIFIC IN COM 338032105 156 3300 SH DEFINED 0103 3300
FLAGSTAR COMPANIES COM 338471105 1027 1132741 SH DEFINED 0103 1132741
FLEET FINANCIAL GRP COM 338915101 32419 650000 SH DEFINED 0113 650000
FLEET FINANCIAL GRP COM 338915101 22444 450000 SH DEFINED 0131 450000
FLEET FINANCIAL GRP COM 338915101 2619 52510 SH DEFINED 0103 52510
FLEETWOOD ENTERPRISE COM 339099103 124 4516 SH DEFINED 0103 4516
FLEMING CO COM 339130106 81 4680 SH DEFINED 0103 4680
FLORIDA DEVELOPMENT COM 340619105 7 2000 SH DEFINED 0102 2000
FLORIDA PROGRESS COM 341109106 1129 35000 SH DEFINED 01 35000
FLUOR CORP COM 343861100 12550 200000 SH DEFINED 0108 200000
FLUOR CORP COM 343861100 100400 1600000 SH DEFINED 0126 1600000
FLUOR CORP COM 343861100 47063 750000 SH DEFINED 0111 750000
FLUOR CORP COM 343861100 533 8500 SH DEFINED 0124 8500
FLUOR CORP COM 343861100 740 11800 SH DEFINED 0125 11800
FLUOR CORP COM 343861100 6275 100000 SH DEFINED 011622 100000
FLUOR CORP COM 343861100 12550 200000 SH DEFINED 011623 200000
FLUOR CORP COM 343861100 83008 1322850 SH DEFINED 0102 1322850
FLUOR CORP COM 343861100 4951 78900 SH DEFINED 0131 78900
FLUOR CORP COM 343861100 1456 23200 SH DEFINED 0103 23200
FLUOR CORP COM 343861100 4675 74500 SH DEFINED 01 74500
FOOD LION INC CL A COM 344775200 24453 2500000 SH DEFINED 011516 2500000
FOODMAKER INC WARRANT 344839113 154 7000 SH DEFINED 0109 7000
FOOTSTAR INC COM 344912100 5 208 SH DEFINED 0102 208
FORCENERGY COM 345206106 4169 115000 SH DEFINED 011619 115000
FORCENERGY COM 345206106 14138 390000 SH DEFINED 011614 390000
FORD MOTOR COM 345370100 26297 825000 SH DEFINED 0113 825000
FORD MOTOR COM 345370100 8597 269700 SH DEFINED 0124 269700
FORD MOTOR COM 345370100 5400 169400 SH DEFINED 0125 169400
FORD MOTOR COM 345370100 15619 490000 SH DEFINED 0107 490000
FORD MOTOR COM 345370100 618 19400 SH DEFINED 0102 19400
FORD MOTOR COM 345370100 19922 625000 SH DEFINED 0131 625000
FORD MOTOR COM 345370100 6411 201158 SH DEFINED 0103 201158
FORD MOTOR COM 345370100 287 9000 SH DEFINED 01 9000
FORD MOTOR CO $50 CONV PFD STOCK 345370209 31 300 SH DEFINED 0102 300
FORE SYSTEMS COM 345449102 9863 300000 SH DEFINED 0106 300000
FORE SYSTEMS COM 345449102 16291 495510 SH DEFINED 0102 495510
FORE SYSTEMS COM 345449102 7200 219000 SH DEFINED 0131 219000
FORE SYSTEMS COM 345449102 670 20390 SH DEFINED 0103 20390
<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
FOREST LABS COM 345838106 49125 1500000 SH DEFINED 011516 1500000
FORT HOWARD COM 347461105 111 4000 SH DEFINED 01 4000
FOSTER WHEELER COM 350244109 190 5130 SH DEFINED 0103 5130
FRAMLINGTON MAGHREB COM 351689997 2434 47400 SH DEFINED 0112 47400
FRAMLINGTON MAGHREB COM 351689997 2568 50000 SH DEFINED 011617 50000
FRANKLIN CUSTODY FD COM 353496607 0 33 SH DEFINED 01 33
FREEPORT COPPER 'B' COM 35671D857 29875 1000000 SH DEFINED 0130 1000000
FREEPORT COPPER 'B' COM 35671D857 2988 100000 SH DEFINED 0124 100000
FREEPORT COPPER 'B' COM 35671D857 5228 175000 SH DEFINED 0127 175000
FREEPORT COPPER 'B' COM 35671D857 2925 97900 SH DEFINED 0125 97900
FREEPORT COPPER 'B' COM 35671D857 14938 500000 SH DEFINED 011618 500000
FREEPORT COPPER 'B' COM 35671D857 201 6700 SH DEFINED 0102 6700
FREEPORT COPPER 'B' COM 35671D857 1207 40399 SH DEFINED 0103 40399
FRESENIUS ADR COM 358029205 4280 165000 SH DEFINED 0135 165000
FRITZ COM 358846103 7331 575000 SH DEFINED 0106 575000
FRONTIER COMM COM 35906P105 534 23600 SH DEFINED 0103 23600
FRUIT OF THE LOOM A COM 359416104 30300 800000 SH DEFINED 0126 800000
FRUIT OF THE LOOM A COM 359416104 4166 110000 SH DEFINED 011619 110000
FRUIT OF THE LOOM A COM 359416104 17044 450000 SH DEFINED 011614 450000
FRUIT OF THE LOOM A COM 359416104 832 21971 SH DEFINED 0102 21971
FRUIT OF THE LOOM A COM 359416104 369 9738 SH DEFINED 0103 9738
FRUIT OF THE LOOM A COM 359416104 776 20500 SH DEFINED 01 20500
GATX CORP COM 361448103 19400 400000 SH DEFINED 0113 400000
GST 13.875CVT 12/00 CONV BOND 361942AA3 836 1045000 PRN DEFINED 0104 1045000
GST 13.875CVT 12/00 CONV BOND 361942AA3 1856 2320000 PRN DEFINED 0109 2320000
GST 13.875CVT 12/00 CONV BOND 361942AA3 800 1000000 PRN DEFINED 0124 1000000
GST 13.875CVT 12/00 CONV BOND 361942AA3 1396 1745000 PRN DEFINED 011621 1745000
GST 13.875CVT 12/00 CONV BOND 361942AA3 440 550000 PRN DEFINED 011618 550000
GST 13.875CVT 12/00 CONV BOND 361942AA3 40 50000 PRN DEFINED 011620 50000
GPU INC COM 36225X100 27741 825000 SH DEFINED 0113 825000
GPU INC COM 36225X100 10928 325000 SH DEFINED 0132 325000
GPU INC COM 36225X100 20175 600000 SH DEFINED 0124 600000
GPU INC COM 36225X100 3827 113800 SH DEFINED 0125 113800
GPU INC COM 36225X100 279 8300 SH DEFINED 0102 8300
GPU INC COM 36225X100 17653 525000 SH DEFINED 0131 525000
GPU INC COM 36225X100 5014 149125 SH DEFINED 0103 149125
GTE CORP COM 362320103 22750 500000 SH DEFINED 0130 500000
GTE CORP COM 362320103 38675 850000 SH DEFINED 0113 850000
GTE CORP COM 362320103 15925 350000 SH DEFINED 0132 350000
GTE CORP COM 362320103 20248 445000 SH DEFINED 0107 445000
GTE CORP COM 362320103 30030 660000 SH DEFINED 011618 660000
GTE CORP COM 362320103 27 600 SH DEFINED 0102 600
GTE CORP COM 362320103 6718 147640 SH DEFINED 0103 147640
GABLE RESIDENTIAL COM 362418105 13050 450000 SH DEFINED 0113 450000
GABLE RESIDENTIAL COM 362418105 5220 180000 SH DEFINED 0107 180000
GABLE RESIDENTIAL COM 362418105 638 22000 SH DEFINED 0103 22000
GALOOB (LEWIS) TOYS COM 364091108 9734 695250 SH DEFINED 0102 695250
GALOOB (LEWIS) TOYS COM 364091108 126 9010 SH DEFINED 0103 9010
GANNETT CO INC COM 364730101 5616 75000 SH DEFINED 0108 75000
GANNETT CO INC COM 364730101 39309 525000 SH DEFINED 0113 525000
<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
GANNETT CO INC COM 364730101 15 200 SH DEFINED 0125 200
GANNETT CO INC COM 364730101 29950 400000 SH DEFINED 0131 400000
GANNETT CO INC COM 364730101 2542 33950 SH DEFINED 0103 33950
GANNETT CO INC COM 364730101 5241 70000 SH DEFINED 01 70000
GAP INC., THE COM 364760108 1103 36619 SH DEFINED 0103 36619
GART GROUP COM 366651107 3115 80000 SH DEFINED 011619 80000
GART GROUP COM 366651107 14212 365000 SH DEFINED 011614 365000
GART GROUP COM 366651107 48259 1239370 SH DEFINED 0102 1239370
GART GROUP COM 366651107 10630 273000 SH DEFINED 0131 273000
GART GROUP COM 366651107 1767 45380 SH DEFINED 0103 45380
GAYLORD CONTAINER COM 368145108 2680 437500 SH DEFINED 0109 437500
GAYLORD CONTAIN WTS WARRANT 368145116 3480 562500 SH DEFINED 0109 562500
GENERAL DYNAMICS COM 369550108 1551 22000 SH DEFINED 0124 22000
GENERAL DYNAMICS COM 369550108 11957 169600 SH DEFINED 0125 169600
GENERAL DYNAMICS COM 369550108 13881 196900 SH DEFINED 0102 196900
GENERAL DYNAMICS COM 369550108 579 8206 SH DEFINED 0103 8206
GENERAL ELECTRIC COM 369604103 56853 575000 SH DEFINED 0130 575000
GENERAL ELECTRIC COM 369604103 375725 3800000 SH DEFINED 0126 3800000
GENERAL ELECTRIC COM 369604103 32134 325000 SH DEFINED 0113 325000
GENERAL ELECTRIC COM 369604103 37306 377300 SH DEFINED 0124 377300
GENERAL ELECTRIC COM 369604103 28288 286100 SH DEFINED 0125 286100
GENERAL ELECTRIC COM 369604103 10876 110000 SH DEFINED 0107 110000
GENERAL ELECTRIC COM 369604103 59325 600000 SH DEFINED 011618 600000
GENERAL ELECTRIC COM 369604103 207728 2100838 SH DEFINED 0102 2100838
GENERAL ELECTRIC COM 369604103 22247 225000 SH DEFINED 0131 225000
GENERAL ELECTRIC COM 369604103 26538 268384 SH DEFINED 0103 268384
GENERAL ELECTRIC COM 369604103 27808 281255 SH DEFINED 01 281255
GENERAL INSTRUMENT C COM 370121105 369 17081 SH DEFINED 0103 17081
GENERAL MILLS COM 370334104 19013 300000 SH DEFINED 0113 300000
GENERAL MILLS COM 370334104 1856 29290 SH DEFINED 0103 29290
GENERAL MOTORS COM 370442105 36238 650000 SH DEFINED 0113 650000
GENERAL MOTORS COM 370442105 26520 475700 SH DEFINED 0124 475700
GENERAL MOTORS COM 370442105 17043 305700 SH DEFINED 0125 305700
GENERAL MOTORS COM 370442105 50175 900000 SH DEFINED 011516 900000
GENERAL MOTORS COM 370442105 110699 1985652 SH DEFINED 0102 1985652
GENERAL MOTORS COM 370442105 27875 500000 SH DEFINED 0131 500000
GENERAL MOTORS COM 370442105 9118 163566 SH DEFINED 0103 163566
GENERAL MOTORS COM 370442105 5408 97000 SH DEFINED 01 97000
GENERAL MOTORS CL H COM 370442501 28125 500000 SH DEFINED 0130 500000
GENERAL MOTORS CL H COM 370442501 2250 40000 SH DEFINED 011620 40000
GENERAL NUTRITION IN COM 37047F103 16875 1000000 SH DEFINED 011516 1000000
GENERAL NUTRITION IN COM 37047F103 111 6600 SH DEFINED 0102 6600
GENERAL NUTRITION IN COM 37047F103 84 5000 SH DEFINED 01 5000
GENERAL RE CORP COM 370563108 1692 10729 SH DEFINED 0103 10729
GENERAL SIGNAL COM 370838104 20657 483200 SH DEFINED 0124 483200
GENERAL SIGNAL COM 370838104 8294 194000 SH DEFINED 0125 194000
GENERAL SIGNAL COM 370838104 12398 290000 SH DEFINED 0107 290000
GENERAL SIGNAL COM 370838104 85500 2000000 SH DEFINED 011516 2000000
GENERAL SIGNAL COM 370838104 17100 400000 SH DEFINED 011618 400000
GENERAL SIGNAL COM 370838104 50196 1174150 SH DEFINED 0102 1174150
<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 SIGNAL COM 370838104 8550 200000 SH DEFINED 0131 200000
GENERAL SIGNAL COM 370838104 1384 32364 SH DEFINED 0103 32364
GENERAL SIGNAL COM 370838104 4232 99000 SH DEFINED 01 99000
GENTEX CORP COM 371901109 10063 500000 SH DEFINED 0111 500000
GENTEX CORP COM 371901109 17498 869491 SH DEFINED 0102 869491
GENTEX CORP COM 371901109 307 15250 SH DEFINED 0103 15250
GENESIS HEALTH VENT COM 371912106 9338 300000 SH DEFINED 0106 300000
GENSIA PHARMACEUTICS COM 372450106 1 161 SH DEFINED 0111 161
GEON COMPANY COM 37246W105 3954 201500 SH DEFINED 0131 201500
GENUINE PARTS COM 372460105 26700 600000 SH DEFINED 0130 600000
GENUINE PARTS COM 372460105 28925 650000 SH DEFINED 0113 650000
GENUINE PARTS COM 372460105 23363 525000 SH DEFINED 0131 525000
GENUINE PARTS COM 372460105 1621 36410 SH DEFINED 0103 36410
GENUINE PARTS COM 372460105 7092 159375 SH DEFINED 01 159375
GENZYME CORP COM 372917104 17 800 SH DEFINED 0102 800
GENZYME CORP COM 372917104 4724 217200 SH DEFINED 0131 217200
GENZYME CORP COM 372917104 222 10200 SH DEFINED 0103 10200
GEORGIA PACIFIC COM 373298108 950 13200 SH DEFINED 0124 13200
GEORGIA PACIFIC COM 373298108 1757 24400 SH DEFINED 0125 24400
GEORGIA PACIFIC COM 373298108 137 1900 SH DEFINED 0102 1900
GEORGIA PACIFIC COM 373298108 1052 14612 SH DEFINED 0103 14612
GEOTEK CORP CONV BOND 373654AH5 4630 4630000 PRN DEFINED 0104 4630000
GEOTEK CORP CONV BOND 373654AH5 4630 4630000 PRN DEFINED 0109 4630000
GEOTEK CORP CONV BOND 373654AH5 2780 2780000 PRN DEFINED 0124 2780000
GEOTEK CORP CONV BOND 373654AH5 4630 4630000 PRN DEFINED 011621 4630000
GEOTEK CORP CONV BOND 373654AH5 1850 1850000 PRN DEFINED 011618 1850000
GEOTEK CORP CONV BOND 373654AH5 230 230000 PRN DEFINED 011620 230000
GEOTEK COMMUNICATION COM 373654102 6234 875000 SH DEFINED 0106 875000
GEOTEK COMM WTS COM 373654136 2181 872500 SH DEFINED 0109 872500
GEOTEK COMM WTS COM 373654136 625 250000 SH DEFINED 011621 250000
GETCHELL GOLD CORP COM 374265106 30631 798200 SH DEFINED 0130 798200
GETCHELL GOLD CORP COM 374265106 4674 121800 SH DEFINED 0127 121800
GETCHELL GOLD CORP COM 374265106 3838 100000 SH DEFINED 0135 100000
GETCHELL GOLD CORP COM 374265106 1075 28000 SH DEFINED 011619 28000
GETCHELL GOLD CORP COM 374265106 4605 120000 SH DEFINED 011614 120000
GIANT FOOD CL A COM 374478105 262 7585 SH DEFINED 0103 7585
GIDDINGS & LEWIS WIS COM 375048105 55 4261 SH DEFINED 0103 4261
GILEAD SCIENCES COM 375558103 27500 1100000 SH DEFINED 011516 1100000
GILLETTE CO COM 375766102 46650 600000 SH DEFINED 0130 600000
GILLETTE CO COM 375766102 163275 2100000 SH DEFINED 0126 2100000
GILLETTE CO COM 375766102 9081 116800 SH DEFINED 0124 116800
GILLETTE CO COM 375766102 6306 81100 SH DEFINED 0125 81100
GILLETTE CO COM 375766102 11663 150000 SH DEFINED 011618 150000
GILLETTE CO COM 375766102 90784 1167662 SH DEFINED 0102 1167662
GILLETTE CO COM 375766102 5781 74366 SH DEFINED 0103 74366
GLOBAL INDUSTRIES COM 379336100 2142 115000 SH DEFINED 0135 115000
GLOBAL INDUSTRIES COM 379336100 3073 165000 SH DEFINED 011619 165000
GLOBAL MARINE COM 379352404 5363 260000 SH DEFINED 011619 260000
GLOBAL MARINE COM 379352404 24750 1200000 SH DEFINED 011614 1200000
GOLD FIELDS SO AFRIC COM 380597500 269 10000 SH DEFINED 0127 10000
<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 464 7346 SH DEFINED 0103 7346
GS-CIRCUIT CITY PERC PREFERRED STOCK 38141MBL4 17373 535715 SH DEFINED 0130 535715
GS-CIRCUIT CITY PERC PREFERRED STOCK 38141MBL4 11582 357143 SH DEFINED 0107 357143
GOODRICH B.F. COM 382388106 277 6842 SH DEFINED 0103 6842
GOODYEAR COM 382550101 90 1760 SH DEFINED 0102 1760
GOODYEAR COM 382550101 1018 19822 SH DEFINED 0103 19822
W R GRACE COM 383911104 581 11229 SH DEFINED 0103 11229
GRAINGER (W.W.) COM 384802104 515 6419 SH DEFINED 0103 6419
GRAND CASINOS INC COM 385269105 16 1200 SH DEFINED 0102 1200
GRAND MET PLC -ADR COM 386090302 24032 759896 SH DEFINED 0103 759896
GRAND MET PLC 144A CONV BOND 386098AA5 23700 20000000 PRN DEFINED 0113 20000000
GREAT A. & P. TEA COM 390064103 154 4833 SH DEFINED 0103 4833
GREAT BAY POWER CORP COM 390139103 0 28 SH DEFINED 011621 28
GREAT LAKES CHEM CO COM 390568103 378 8085 SH DEFINED 0103 8085
GREAT WESTERN FIN CP COM 391442100 4840 166900 SH DEFINED 0124 166900
GREAT WESTERN FIN CP COM 391442100 3054 105300 SH DEFINED 0125 105300
GREAT WESTERN FIN CP COM 391442100 17400 600000 SH DEFINED 011516 600000
GREAT WESTERN FIN CP COM 391442100 194 6700 SH DEFINED 0102 6700
GREAT WESTERN FIN CP COM 391442100 1064 36685 SH DEFINED 0103 36685
GREEN TREE FINL CORP COM 393505102 46350 1200000 SH DEFINED 0111 1200000
GREEN TREE FINL CORP COM 393505102 5794 150000 SH DEFINED 011622 150000
GREEN TREE FINL CORP COM 393505102 7725 200000 SH DEFINED 011623 200000
GREEN TREE FINL CORP COM 393505102 60834 1575000 SH DEFINED 011618 1575000
GREEN TREE FINL CORP COM 393505102 2897 75000 SH DEFINED 011619 75000
GREEN TREE FINL CORP COM 393505102 12746 330000 SH DEFINED 011614 330000
GREEN TREE FINL CORP COM 393505102 17678 457694 SH DEFINED 0102 457694
GREEN TREE FINL CORP COM 393505102 7547 195400 SH DEFINED 0131 195400
GREEN TREE FINL CORP COM 393505102 1476 38219 SH DEFINED 0103 38219
GREEN TREE FINL CORP COM 393505102 734 19000 SH DEFINED 01 19000
GRNFLD IND 144A $50 CONV PFD STOCK 394858203 1184 25000 SH DEFINED 011620 25000
GREENFIELDS COM 395058100 8422 275000 SH DEFINED 0106 275000
GREENFIELDS COM 395058100 1593 52000 SH DEFINED 011620 52000
GRIFFON CORP COM 398433102 7350 600000 SH DEFINED 0128 600000
GROUPA IMSA SA COM 40048T106 3990 210000 SH DEFINED 0135 210000
G-TELEVISA COM 40049J206 3459 135000 SH DEFINED 0124 135000
G-TELEVISA COM 40049J206 7047 275000 SH DEFINED 0112 275000
G-TELEVISA COM 40049J206 5125 200000 SH DEFINED 0135 200000
G-TELEVISA COM 40049J206 9609 375000 SH DEFINED 011617 375000
G-TECH HOLDINGS CORP COM 400518106 38400 1200000 SH DEFINED 011516 1200000
GUCCI COM 401566104 830 13000 SH DEFINED 011620 13000
GUIDANT CORP COM 401698105 28500 500000 SH DEFINED 0130 500000
GUIDANT CORP COM 401698105 9975 175000 SH DEFINED 0108 175000
GUIDANT CORP COM 401698105 5700 100000 SH DEFINED 011622 100000
GUIDANT CORP COM 401698105 11400 200000 SH DEFINED 011623 200000
GUIDANT CORP COM 401698105 57000 1000000 SH DEFINED 011516 1000000
GUIDANT CORP COM 401698105 2280 40000 SH DEFINED 011620 40000
GUIDANT CORP COM 401698105 234 4100 SH DEFINED 0102 4100
GUIDANT CORP COM 401698105 4281 75100 SH DEFINED 0131 75100
GUIDANT CORP COM 401698105 707 12400 SH DEFINED 0103 12400
GULF SOUTH MEDICAL COM 40252G105 12813 500000 SH DEFINED 011516 500000
<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
GYMBOREE COM 403777105 8578 375000 SH DEFINED 0106 375000
HMT TECHNOLOGY COM 403917107 6382 425000 SH DEFINED 0106 425000
HBO COMPANY COM 404100109 77188 1300000 SH DEFINED 0126 1300000
HBO COMPANY COM 404100109 2969 50000 SH DEFINED 0135 50000
HBO COMPANY COM 404100109 10688 180000 SH DEFINED 011619 180000
HBO COMPANY COM 404100109 53438 900000 SH DEFINED 011614 900000
HBO COMPANY COM 404100109 78397 1320344 SH DEFINED 0102 1320344
HBO COMPANY COM 404100109 33891 570800 SH DEFINED 0131 570800
HBO COMPANY COM 404100109 4732 79710 SH DEFINED 0103 79710
HBO COMPANY COM 404100109 1247 21000 SH DEFINED 01 21000
HFS INC COM 404181109 86040 1440000 SH DEFINED 0126 1440000
HFS INC COM 404181109 27788 465050 SH DEFINED 0102 465050
HFS INC COM 404181109 25316 423700 SH DEFINED 0131 423700
HFS INC COM 404181109 2610 43683 SH DEFINED 0103 43683
HSN INC COM 40429R109 18050 760000 SH DEFINED 011516 760000
HADCO CORP COM 404681108 13475 275000 SH DEFINED 011516 275000
HALLIBURTON COM 406216101 962 15971 SH DEFINED 0103 15971
HANCOCK FABRICS COM 409900107 2594 250000 SH DEFINED 0128 250000
HANNA MA CO. COM 410522106 9844 450000 SH DEFINED 0108 450000
HANSON PLC ADR COM 411352305 321 47500 SH DEFINED 01 47500
HARCOR EGY WTS 144A WARRANT 411628118 248 110000 SH DEFINED 0109 110000
HARCOR ENERGY COM 411628209 2925 600000 SH DEFINED 0132 600000
HARCOR ENERGY COM 411628209 488 100000 SH DEFINED 0109 100000
HARCOURT GENERAL CRP COM 41163G101 12684 275000 SH DEFINED 0108 275000
HARCOURT GENERAL CRP COM 41163G101 426 9234 SH DEFINED 0103 9234
HARLAND JOHN H COM 412693103 8250 250000 SH DEFINED 0128 250000
HARLAND JOHN H COM 412693103 129 3914 SH DEFINED 0103 3914
HARLEY DAVIDSON COM 412822108 14100 300000 SH DEFINED 0111 300000
HARLEY DAVIDSON COM 412822108 3055 65000 SH DEFINED 011619 65000
HARLEY DAVIDSON COM 412822108 13160 280000 SH DEFINED 011614 280000
HARLEY DAVIDSON COM 412822108 537 11416 SH DEFINED 0102 11416
HARLEY DAVIDSON COM 412822108 8014 170500 SH DEFINED 0131 170500
HARLEY DAVIDSON COM 412822108 381 8100 SH DEFINED 0103 8100
HARMAN INTERNATIONAL COM 413086109 27813 500000 SH DEFINED 0111 500000
HARMAN INTERNATIONAL COM 413086109 3645 65520 SH DEFINED 011622 65520
HARMAN INTERNATIONAL COM 413086109 8078 145215 SH DEFINED 011623 145215
HARMAN INTERNATIONAL COM 413086109 2503 45000 SH DEFINED 011619 45000
HARMAN INTERNATIONAL COM 413086109 12794 230000 SH DEFINED 011614 230000
HARMAN INTERNATIONAL COM 413086109 210 3780 SH DEFINED 0102 3780
HARNISCHFEGER IND COM 413345109 22859 475000 SH DEFINED 0106 475000
HARNISCHFEGER IND COM 413345109 3369 70000 SH DEFINED 011619 70000
HARNISCHFEGER IND COM 413345109 14438 300000 SH DEFINED 011614 300000
HARNISCHFEGER IND COM 413345109 764 15875 SH DEFINED 0102 15875
HARNISCHFEGER IND COM 413345109 286 5940 SH DEFINED 0103 5940
HARNISCHFEGER IND COM 413345109 914 19000 SH DEFINED 01 19000
HARRAH'S ENT COM 413619107 334 16800 SH DEFINED 0102 16800
HARRAH'S ENT COM 413619107 255 12843 SH DEFINED 0103 12843
HARRIS CORP COM 413875105 330 4810 SH DEFINED 0103 4810
HASBRO INC COM 418056107 427 10990 SH DEFINED 0103 10990
HAT BRANDS WTS8/2002 WARRANT 4187309X7 0 90345 SH DEFINED 0109 90345
<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
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 21244 550000 SH DEFINED 0106 550000
HEALTHSOUTH CORP COM 421924101 92700 2400000 SH DEFINED 0111 2400000
HEALTHSOUTH CORP COM 421924101 9448 244600 SH DEFINED 011622 244600
HEALTHSOUTH CORP COM 421924101 20757 537400 SH DEFINED 011623 537400
HEALTHSOUTH CORP COM 421924101 45827 1186453 SH DEFINED 0102 1186453
HEALTHSOUTH CORP COM 421924101 9479 245400 SH DEFINED 0131 245400
HEALTHSOUTH CORP COM 421924101 1711 44290 SH DEFINED 0103 44290
HEALTHSOUTH CORP COM 421924101 2047 53000 SH DEFINED 01 53000
HEALTHCARE COMPARE COM 421928102 42375 1000000 SH DEFINED 0111 1000000
HEALTHCARE COMPARE COM 421928102 6356 150000 SH DEFINED 011622 150000
HEALTHCARE COMPARE COM 421928102 12713 300000 SH DEFINED 011623 300000
HEALTH MGMT ASSOC COM 421933102 26613 1182742 SH DEFINED 0102 1182742
HEALTH MGMT ASSOC COM 421933102 14662 651650 SH DEFINED 0131 651650
HEALTH MGMT ASSOC COM 421933102 1159 51517 SH DEFINED 0103 51517
HEALTHSOURC CVT144A CONV BOND 42221EAA2 11738 15000000 PRN DEFINED 0130 15000000
HEALTHSOURC CVT144A CONV BOND 42221EAA2 3130 4000000 PRN DEFINED 0104 4000000
HEALTHSOURC CVT144A CONV BOND 42221EAA2 2348 3000000 PRN DEFINED 0109 3000000
HEALTHSOURC CVT144A CONV BOND 42221EAA2 2348 3000000 PRN DEFINED 011621 3000000
HEARTLAND EXPRESS IN COM 422347104 111 4546 SH DEFINED 0102 4546
HEFTEL BROADCASTING COM 422799106 1436 45600 SH DEFINED 011619 45600
HEFTEL BROADCASTING COM 422799106 5484 174100 SH DEFINED 011614 174100
HEINZ H.J. COM 423074103 33069 925000 SH DEFINED 0113 925000
HEINZ H.J. COM 423074103 17518 490000 SH DEFINED 0107 490000
HEINZ H.J. COM 423074103 24131 675000 SH DEFINED 0131 675000
HEINZ H.J. COM 423074103 2760 77196 SH DEFINED 0103 77196
HELMERICH & PAYNE COM 423452101 158 3034 SH DEFINED 0103 3034
HEM EN 144A WTS WARRANT 42368R116 0 36000 SH DEFINED 0109 36000
HERCULES INC COM 427056106 17300 400000 SH DEFINED 0130 400000
HERCULES INC COM 427056106 591 13660 SH DEFINED 0103 13660
HERSHEY FOODS COM 427866108 137580 3144689 SH DEFINED 0103 3144689
HEWLETT PACKARD COM 428236103 27638 550000 SH DEFINED 0130 550000
HEWLETT PACKARD COM 428236103 6281 125000 SH DEFINED 0108 125000
HEWLETT PACKARD COM 428236103 170850 3400000 SH DEFINED 0126 3400000
HEWLETT PACKARD COM 428236103 12563 250000 SH DEFINED 0124 250000
HEWLETT PACKARD COM 428236103 8618 171500 SH DEFINED 0125 171500
HEWLETT PACKARD COM 428236103 2362 47000 SH DEFINED 0135 47000
HEWLETT PACKARD COM 428236103 26884 535000 SH DEFINED 011618 535000
HEWLETT PACKARD COM 428236103 23647 470415 SH DEFINED 0102 470415
HEWLETT PACKARD COM 428236103 7965 158510 SH DEFINED 0103 158510
HEWLETT PACKARD COM 428236103 5703 113500 SH DEFINED 01 113500
HEXCEL CORP COM 428291108 4550 280000 SH DEFINED 0135 280000
HIGHLANDS INS GRP COM 431032101 11543 570000 SH DEFINED 011516 570000
HILTON HOTELS COM 432848109 10450 400000 SH DEFINED 0130 400000
HILTON HOTELS COM 432848109 7315 280000 SH DEFINED 0124 280000
HILTON HOTELS COM 432848109 4473 171200 SH DEFINED 0125 171200
HILTON HOTELS COM 432848109 7269 278200 SH DEFINED 0102 278200
HILTON HOTELS COM 432848109 1474 56413 SH DEFINED 0103 56413
HOME DEPOT INC CVT CONV BOND 437076AE2 985 1000000 PRN DEFINED 0129 1000000
<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
HOME DEPOT INC CVT CONV BOND 437076AE2 1970 2000000 PRN DEFINED 0104 2000000
HOME DEPOT INC CVT CONV BOND 437076AE2 985 1000000 PRN DEFINED 0109 1000000
HOME DEPOT INC CVT CONV BOND 437076AE2 985 1000000 PRN DEFINED 011621 1000000
HOME DEPOT INC COM 437076102 15038 300000 SH DEFINED 0130 300000
HOME DEPOT INC COM 437076102 60150 1200000 SH DEFINED 0126 1200000
HOME DEPOT INC COM 437076102 16105 321300 SH DEFINED 0124 321300
HOME DEPOT INC COM 437076102 10762 214700 SH DEFINED 0125 214700
HOME DEPOT INC COM 437076102 32581 650000 SH DEFINED 011618 650000
HOME DEPOT INC COM 437076102 1654 33000 SH DEFINED 011620 33000
HOME DEPOT INC COM 437076102 182152 3633809 SH DEFINED 0102 3633809
HOME DEPOT INC COM 437076102 5232 104381 SH DEFINED 0103 104381
HOME DEPOT INC COM 437076102 3442 68666 SH DEFINED 01 68666
HOME PROPERTIES COM 437306103 5850 260000 SH DEFINED 0132 260000
HOME SHOPPING CVT CONV BOND 437351AB5 4000 4000000 PRN DEFINED 011516 4000000
HOMESTAKE MINING COM 437614100 262 18364 SH DEFINED 0103 18364
HONEYWELL COM 438506107 1116 16974 SH DEFINED 0103 16974
HORACE MANN EDUCATOR COM 440327104 8075 200000 SH DEFINED 0128 200000
HOSIERY CORP "A"144A WARRANT 441016102 55 10000 SH DEFINED 0109 10000
HOST MARRIOT FIN CONV PFD STOCK 441079209 15938 300000 SH DEFINED 0130 300000
HOUSEHOLD INTL COM 441815107 55350 600000 SH DEFINED 0126 600000
HOUSEHOLD INTL COM 441815107 3109 33700 SH DEFINED 0124 33700
HOUSEHOLD INTL COM 441815107 1310 14200 SH DEFINED 0125 14200
HOUSEHOLD INTL COM 441815107 2583 28000 SH DEFINED 011619 28000
HOUSEHOLD INTL COM 441815107 10148 110000 SH DEFINED 011614 110000
HOUSEHOLD INTL COM 441815107 713 7722 SH DEFINED 0102 7722
HOUSEHOLD INTL COM 441815107 9723 105400 SH DEFINED 0131 105400
HOUSEHOLD INTL COM 441815107 2213 23984 SH DEFINED 0103 23984
HOUSEHOLD INTL COM 441815107 465 5045 SH DEFINED 01 5045
HOUSTON EXPLOR COM 442120101 2625 150000 SH DEFINED 011619 150000
HOUSTON INDUSTRIES COM 442161105 7919 350000 SH DEFINED 0132 350000
HOUSTON INDUSTRIES COM 442161105 1358 60000 SH DEFINED 0124 60000
HOUSTON INDUSTRIES COM 442161105 7172 317000 SH DEFINED 0125 317000
HOUSTON INDUSTRIES COM 442161105 334 14800 SH DEFINED 0102 14800
HOUSTON INDUSTRIES COM 442161105 790 34937 SH DEFINED 0103 34937
HUBBELL INC C/B COM 443510201 5190 120000 SH DEFINED 0128 120000
HUBBELL INC C/B COM 443510201 952 22000 SH DEFINED 0103 22000
HUMANA COM 444859102 19125 1000000 SH DEFINED 011516 1000000
HUMANA COM 444859102 389 20317 SH DEFINED 0103 20317
HVIDE MARINE INC COM 448515106 2066 95000 SH DEFINED 0135 95000
HVIDE MARINE INC COM 448515106 2719 125000 SH DEFINED 011619 125000
HYPERION SOFTWARE CO COM 44914Q105 6375 300000 SH DEFINED 0106 300000
IDS CA TAX EXEMPT COM 449428101 1 214 SH DEFINED 01 214
EQUITY SELECT FD INC COM 44943G102 2 128 SH DEFINED 01 128
RESEARCH OPPORT CL A COM 449434406 1 200 SH DEFINED 01 200
GLOBAL BAL FD A COM 449435700 1 200 SH DEFINED 01 200
GLOBAL BAL FD B COM 449435809 1 200 SH DEFINED 01 200
IDS INNOVATIONS FD Y COM 449435825 98 20000 SH DEFINED 01 20000
IDS INNOVATIONS FD B COM 449435833 98 20000 SH DEFINED 01 20000
IDS INNOVATIONS FD A COM 449435841 3241 660000 SH DEFINED 01 660000
IDS EMERGING MKTS Y COM 449435858 1 200 SH DEFINED 01 200
<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
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 1 200 SH DEFINED 01 200
RESEARCH OPPORT CL B COM 449437508 1 200 SH DEFINED 01 200
RESEARCH OPPORT CL Y COM 449437607 1 200 SH DEFINED 01 200
SMALL CO INDEX A COM 44944F400 4343 803664 SH DEFINED 01 803664
SMALL CO INDEX B COM 44944F509 1 200 SH DEFINED 01 200
SMALL CO INDEX Y COM 44944F608 1 201 SH DEFINED 01 201
NEW DIMENSIONS "Y" COM 449444306 1235 59662 SH DEFINED 0103 59662
IDS PRECIOUS METALS COM 449455104 2 129 SH DEFINED 01 129
IDS INS TAX EXEMPT COM 44947T100 1 202 SH DEFINED 01 202
IDS MN TAX EXEMPT COM 44947T308 1 212 SH DEFINED 01 212
IDS NY TAX EXEMPT COM 44947T407 1 214 SH DEFINED 01 214
IDS MASS TAX-EXEMPT COM 44947T506 1 207 SH DEFINED 01 207
IDS MICH TAX-EXEMPT COM 44947T605 1 205 SH DEFINED 01 205
IDS OHIO TAX-EXEMPT COM 44947T704 1 207 SH DEFINED 01 207
INT TAX-EXEMPT FD A COM 449482405 1 200 SH DEFINED 01 200
INT TAX-EXEMPT FD B COM 449482504 1 200 SH DEFINED 01 200
INT TAX-EXEMPT FD 7 COM 449482603 1 200 SH DEFINED 01 200
IES INDUSTRIES INC COM 44949M103 11916 398862 SH DEFINED 0103 398862
IDSTC INCOME FUND II COM 449496108 171430 10450995 SH DEFINED 0103 10450995
IDS TRUST INT'L FUND COM 449500990 5799 63622 SH DEFINED 0103 63622
IMC GLOBAL INC COM 449669100 62600 1600000 SH DEFINED 0126 1600000
IMC GLOBAL INC COM 449669100 1761 45000 SH DEFINED 011620 45000
IMC GLOBAL INC COM 449669100 54437 1391430 SH DEFINED 0102 1391430
IMC GLOBAL INC COM 449669100 80 2050 SH DEFINED 0103 2050
IMC GLOBAL INC COM 449669100 208 5310 SH DEFINED 01 5310
IMCO RECYCLING INC COM 449681105 6216 425000 SH DEFINED 0106 425000
IRSA COM 450047204 4781 150000 SH DEFINED 0135 150000
ITT HARTFORD GRP COM 45068H106 1007 14925 SH DEFINED 0103 14925
ITT INDUSTRIES-WI COM 450911102 367 14992 SH DEFINED 0103 14992
ITT CORP-WI COM 450912100 646 14898 SH DEFINED 0103 14898
IFINT DVSD HLDGS COM 45099C100 891 42418 SH DEFINED 0109 42418
IDEXX LABS INC COM 45168D104 18000 500000 SH DEFINED 0111 500000
IDEXX LABS INC COM 45168D104 1411 39200 SH DEFINED 011619 39200
IDEXX LABS INC COM 45168D104 5429 150800 SH DEFINED 011614 150800
IDEXX LABS INC COM 45168D104 40460 1123900 SH DEFINED 0102 1123900
IDEXX LABS INC COM 45168D104 17878 496600 SH DEFINED 0131 496600
IDEXX LABS INC COM 45168D104 1694 47050 SH DEFINED 0103 47050
IL CENTRAL TRANS COM 451841100 80 2500 SH DEFINED 01 2500
IL PWR SER A PREFERRED STOCK 452092851 2514 55250 SH DEFINED 01 55250
ILLINOIS TOOL WORKS COM 452308109 31950 400000 SH DEFINED 0130 400000
ILLINOIS TOOL WORKS COM 452308109 15975 200000 SH DEFINED 0108 200000
ILLINOIS TOOL WORKS COM 452308109 55202 691100 SH DEFINED 0126 691100
ILLINOIS TOOL WORKS COM 452308109 23963 300000 SH DEFINED 0124 300000
ILLINOIS TOOL WORKS COM 452308109 13363 167300 SH DEFINED 0125 167300
ILLINOIS TOOL WORKS COM 452308109 55913 700000 SH DEFINED 011516 700000
ILLINOIS TOOL WORKS COM 452308109 41934 525000 SH DEFINED 011618 525000
ILLINOIS TOOL WORKS COM 452308109 206304 2582652 SH DEFINED 0102 2582652
ILLINOIS TOOL WORKS COM 452308109 3975 49764 SH DEFINED 0103 49764
<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
ILLINOIS TOOL WORKS COM 452308109 1502 18800 SH DEFINED 01 18800
IMATION CORP COM 45245A107 280 9950 SH DEFINED 01 9950
IMMULOGIC PHARMACEUT COM 45252R100 131 20549 SH DEFINED 0103 20549
IMPERIAL CHEM IN ADR COM 452704505 13260 255000 SH DEFINED 0107 255000
IMPERIAL TOBACCO ADR COM 453142101 153 11875 SH DEFINED 01 11875
INCO LIMITED COM 453258402 683 21439 SH DEFINED 0103 21439
INDIA FUND INC COM 454089103 1813 237800 SH DEFINED 0112 237800
INDIA FUND INC COM 454089103 2669 350000 SH DEFINED 011617 350000
INFINITY BROADCASTNG COM 456626100 30263 900000 SH DEFINED 0126 900000
INFINITY BROADCASTNG COM 456626100 27907 829952 SH DEFINED 0102 829952
INFINITY BROADCASTNG COM 456626100 7418 220600 SH DEFINED 0131 220600
INFINITY BROADCASTNG COM 456626100 993 29522 SH DEFINED 0103 29522
INFORMIX CORP COM 456779107 8659 425000 SH DEFINED 0106 425000
INGERSOLL-RAND CO COM 456866102 620 13931 SH DEFINED 0103 13931
INFORMATION RESOURCE COM 456905108 1 37 SH DEFINED 0102 37
INGRAM MICRO COM 457153104 4600 200000 SH DEFINED 0135 200000
INGRAM MICRO COM 457153104 51 2200 SH DEFINED 0102 2200
INGRAM MICRO COM 457153104 2939 127800 SH DEFINED 0131 127800
INGRAM MICRO COM 457153104 143 6200 SH DEFINED 0103 6200
INLAND STEEL IND INC COM 457472108 120 6023 SH DEFINED 0103 6023
INPUT/OUTPUT INC COM 457652105 11563 625000 SH DEFINED 0106 625000
INSO CORP COM 457674109 5963 150000 SH DEFINED 011614 150000
INTEGRATED PROCESS E COM 45812K108 10800 600000 SH DEFINED 0106 600000
INTEL COM 458140100 52375 400000 SH DEFINED 0130 400000
INTEL COM 458140100 392813 3000000 SH DEFINED 0126 3000000
INTEL COM 458140100 65469 500000 SH DEFINED 0111 500000
INTEL COM 458140100 8734 66700 SH DEFINED 0125 66700
INTEL COM 458140100 7856 60000 SH DEFINED 011622 60000
INTEL COM 458140100 16367 125000 SH DEFINED 011623 125000
INTEL COM 458140100 70052 535000 SH DEFINED 011618 535000
INTEL COM 458140100 4583 35000 SH DEFINED 011620 35000
INTEL COM 458140100 249851 1908142 SH DEFINED 0102 1908142
INTEL COM 458140100 15057 114993 SH DEFINED 0103 114993
INTEL COM 458140100 28151 215000 SH DEFINED 01 215000
INTERIM SERVICES COM 45868P100 47038 1325000 SH DEFINED 011516 1325000
INTERGRAPH CORP COM 458683109 60 5862 SH DEFINED 0103 5862
INTERMEDIA COMM FL COM 458801107 7725 300000 SH DEFINED 0106 300000
INTERMEDIA COM WTS WARRANT 458801115 796 22750 SH DEFINED 0109 22750
INTL BUSINESS MACH COM 459200101 2869 19000 SH DEFINED 011620 19000
INTL BUSINESS MACH COM 459200101 10 65 SH DEFINED 0102 65
INTL BUSINESS MACH COM 459200101 10332 68423 SH DEFINED 0103 68423
INT'L CABLETEL INC CONV BOND 459216AB3 15551 14500000 PRN DEFINED 0124 14500000
INTL FLAVORS & FRAG COM 459506101 635 14112 SH DEFINED 0103 14112
INTL IMAGING MAT COM 45968C108 5858 257500 SH DEFINED 0128 257500
INTERNATIONAL PAPER COM 460146103 2939 72800 SH DEFINED 0124 72800
INTERNATIONAL PAPER COM 460146103 2572 63700 SH DEFINED 0125 63700
INTERNATIONAL PAPER COM 460146103 10094 250000 SH DEFINED 011618 250000
INTERNATIONAL PAPER COM 460146103 40478 1002540 SH DEFINED 0102 1002540
INTERNATIONAL PAPER COM 460146103 2634 65245 SH DEFINED 0103 65245
INTERNATIONAL PAPER COM 460146103 14050 348000 SH DEFINED 01 348000
<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
INT'L WIRELESS WTS WARRANT 46058G116 0 14750 SH DEFINED 0109 14750
INTERPUBLIC GROUP COM 460690100 493 10386 SH DEFINED 0103 10386
INTUIT COM 461202103 6300 200000 SH DEFINED 0111 200000
INTUIT COM 461202103 1260 40000 SH DEFINED 011622 40000
INTUIT COM 461202103 2835 90000 SH DEFINED 011623 90000
ISOLYSER COM 464888106 13 1900 SH DEFINED 0102 1900
JP FOODSERVICE INC COM 466232105 5877 210850 SH DEFINED 0106 210850
JP FOODSERVICE INC COM 466232105 10619 380950 SH DEFINED 011516 380950
JP FOODSERVICE INC COM 466232105 1593 57150 SH DEFINED 011619 57150
JP FOODSERVICE INC COM 466232105 5988 214800 SH DEFINED 011614 214800
JAMES RIVER COM 470349101 818 24700 SH DEFINED 0125 24700
JAMES RIVER COM 470349101 16563 500000 SH DEFINED 011516 500000
JAMES RIVER COM 470349101 2584 78000 SH DEFINED 011620 78000
JAMES RIVER COM 470349101 2383 71900 SH DEFINED 0102 71900
JAMES RIVER COM 470349101 359 10837 SH DEFINED 0103 10837
JAN BELL WARRANTS WARRANT 470760117 0 2473 SH DEFINED 0131 2473
JEFFERSON PILOT COM 475070108 511 9023 SH DEFINED 0103 9023
JOHN NUVEEN COM 478035108 1921 72504 SH DEFINED 0103 72504
JOHNSON & JOHNSON COM 478160104 34825 700000 SH DEFINED 0130 700000
JOHNSON & JOHNSON COM 478160104 189050 3800000 SH DEFINED 0126 3800000
JOHNSON & JOHNSON COM 478160104 34825 700000 SH DEFINED 0111 700000
JOHNSON & JOHNSON COM 478160104 41342 831000 SH DEFINED 0124 831000
JOHNSON & JOHNSON COM 478160104 25437 511300 SH DEFINED 0125 511300
JOHNSON & JOHNSON COM 478160104 3980 80000 SH DEFINED 011622 80000
JOHNSON & JOHNSON COM 478160104 8458 170000 SH DEFINED 011623 170000
JOHNSON & JOHNSON COM 478160104 2408 48400 SH DEFINED 011620 48400
JOHNSON & JOHNSON COM 478160104 229286 4608773 SH DEFINED 0102 4608773
JOHNSON & JOHNSON COM 478160104 12688 255029 SH DEFINED 0103 255029
JOHNSON & JOHNSON COM 478160104 8607 173000 SH DEFINED 01 173000
JOHNSON CONTROLS COM 478366107 450 5431 SH DEFINED 0103 5431
JOSTENS A. INC. COM 481088102 14788 700000 SH DEFINED 0113 700000
JOSTENS A. INC. COM 481088102 4648 220000 SH DEFINED 0128 220000
JOSTENS A. INC. COM 481088102 101 4787 SH DEFINED 0103 4787
JUNO LIGHTING INC COM 482047107 3280 205000 SH DEFINED 0128 205000
KLA INSTRUMENTS COM 482480100 2251 63400 SH DEFINED 011619 63400
KLA INSTRUMENTS COM 482480100 8754 246600 SH DEFINED 011614 246600
K-MART CORPORATION COM 482584109 44613 4300000 SH DEFINED 011516 4300000
K-MART CORPORATION COM 482584109 79 7600 SH DEFINED 0102 7600
K-MART CORPORATION COM 482584109 632 60892 SH DEFINED 0103 60892
KN ENERGY COM 482620101 11775 300000 SH DEFINED 0132 300000
KU ENERGY CORP COM 482734100 6000 200000 SH DEFINED 0132 200000
KAISER ALUM PRIDE PREFERRED STOCK 483007407 3094 275000 SH DEFINED 0132 275000
KAUFMAN & BROAD HOME COM 486168107 62 4812 SH DEFINED 0103 4812
KAYDON CORP COM 486587108 5655 120000 SH DEFINED 0128 120000
KEANE INC COM 486665102 12700 400000 SH DEFINED 0111 400000
KELLOGG CO. COM 487836108 1774 27031 SH DEFINED 0103 27031
KELLEY OIL & GAS $25 PREFERRED STOCK 487906208 2388 100000 SH DEFINED 0109 100000
KEMET CORP COM 488360108 8719 375000 SH DEFINED 0106 375000
KERR MCGEE COM 492386107 446 6194 SH DEFINED 0103 6194
KEYCORP NEW COM 493267108 30300 600000 SH DEFINED 0130 600000
<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
KEYCORP NEW COM 493267108 10100 200000 SH DEFINED 0108 200000
KEYCORP NEW COM 493267108 8878 175800 SH DEFINED 0124 175800
KEYCORP NEW COM 493267108 5994 118700 SH DEFINED 0125 118700
KEYCORP NEW COM 493267108 21968 435000 SH DEFINED 0107 435000
KEYCORP NEW COM 493267108 509 10100 SH DEFINED 0102 10100
KEYCORP NEW COM 493267108 25250 500000 SH DEFINED 0131 500000
KEYCORP NEW COM 493267108 3345 66232 SH DEFINED 0103 66232
KEYCORP NEW COM 493267108 5000 99000 SH DEFINED 01 99000
KIMBERLY CLARK COM 494368103 45244 475000 SH DEFINED 0130 475000
KIMBERLY CLARK COM 494368103 35719 375000 SH DEFINED 0113 375000
KIMBERLY CLARK COM 494368103 5515 57900 SH DEFINED 0124 57900
KIMBERLY CLARK COM 494368103 3867 40600 SH DEFINED 0125 40600
KIMBERLY CLARK COM 494368103 10001 105000 SH DEFINED 0107 105000
KIMBERLY CLARK COM 494368103 47625 500000 SH DEFINED 011516 500000
KIMBERLY CLARK COM 494368103 35719 375000 SH DEFINED 011618 375000
KIMBERLY CLARK COM 494368103 2286 24000 SH DEFINED 011620 24000
KIMBERLY CLARK COM 494368103 321267 3372885 SH DEFINED 0102 3372885
KIMBERLY CLARK COM 494368103 23813 250000 SH DEFINED 0131 250000
KIMBERLY CLARK COM 494368103 6977 73251 SH DEFINED 0103 73251
KIMBERLY CLARK COM 494368103 25763 270470 SH DEFINED 01 270470
KINGWORLD PRODUCTION COM 495667107 175 4755 SH DEFINED 0103 4755
KNIGHT-RIDDER INC. COM 499040103 26775 700000 SH DEFINED 0113 700000
KNIGHT-RIDDER INC. COM 499040103 465 12169 SH DEFINED 0103 12169
KOHLS CORP COM 500255104 10794 275000 SH DEFINED 0108 275000
KOHLS CORP COM 500255104 1452 37000 SH DEFINED 011620 37000
KOHLS CORP COM 500255104 859 21893 SH DEFINED 0102 21893
KOHLS CORP COM 500255104 10358 263900 SH DEFINED 0131 263900
KOHLS CORP COM 500255104 471 12000 SH DEFINED 0103 12000
KOHLS CORP COM 500255104 591 15045 SH DEFINED 01 15045
KEPCO ADR COM 500631106 4920 240000 SH DEFINED 0112 240000
KEPCO ADR COM 500631106 6150 300000 SH DEFINED 011617 300000
KROGER CO. COM 501044101 12629 271600 SH DEFINED 0124 271600
KROGER CO. COM 501044101 7514 161600 SH DEFINED 0125 161600
KROGER CO. COM 501044101 188587 4055526 SH DEFINED 0102 4055526
KROGER CO. COM 501044101 2884 62014 SH DEFINED 0103 62014
KROGER CO. COM 501044101 6720 144500 SH DEFINED 01 144500
LCI INTL COM 501813109 13159 612050 SH DEFINED 0102 612050
LCI INTL COM 501813109 275 12800 SH DEFINED 0103 12800
LG AND E ENERGY CORP COM 501917108 4410 180000 SH DEFINED 0128 180000
LG AND E ENERGY CORP COM 501917108 10535 430000 SH DEFINED 0132 430000
LSI LOGIC COM 502161102 736 27500 SH DEFINED 0124 27500
LSI LOGIC COM 502161102 2220 83000 SH DEFINED 0125 83000
LSI LOGIC COM 502161102 2595 97000 SH DEFINED 011619 97000
LSI LOGIC COM 502161102 10540 394000 SH DEFINED 011614 394000
LSI LOGIC COM 502161102 41293 1543650 SH DEFINED 0102 1543650
LSI LOGIC COM 502161102 6773 253200 SH DEFINED 0131 253200
LSI LOGIC COM 502161102 804 30009 SH DEFINED 0103 30009
LSI LOGIC COM 502161102 4709 176030 SH DEFINED 01 176030
LTC PROPERTIES COM 502175102 6475 350000 SH DEFINED 0113 350000
LTC PROPERTIES COM 502175102 5550 300000 SH DEFINED 0132 300000
<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
LTC PROPERTIES COM 502175102 3885 210000 SH DEFINED 0107 210000
LA QUINTA INNS INC COM 504195108 18169 950000 SH DEFINED 0106 950000
LA QUINTA INNS INC COM 504195108 2123 111000 SH DEFINED 011620 111000
LADY LUCK GAMING COR COM 505820100 375 200000 SH DEFINED 0109 200000
LAIDLAW INC COM 50730K206 450 39155 SH DEFINED 0103 39155
LAMAR ADVERTISING COM 512815101 97 4000 SH DEFINED 01 4000
LANCASTER COLONY COR COM 513847103 10350 225000 SH DEFINED 0128 225000
LANCASTER COLONY COR COM 513847103 7820 170000 SH DEFINED 011614 170000
LANDS END INC COM 515086106 7950 300000 SH DEFINED 0108 300000
LANDS END INC COM 515086106 7950 300000 SH DEFINED 0128 300000
LANDS END INC COM 515086106 125 4703 SH DEFINED 0103 4703
LANDSTAR SYSTEM INC COM 515098101 6975 300000 SH DEFINED 0106 300000
LARSEN TOUBRO NEWGDR COM 51729V203 3960 275000 SH DEFINED 0135 275000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 8269 150000 SH DEFINED 01 150000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 3308 60000 SH DEFINED 0116 60000
LATTICE SEMICONDUCTR COM 518415104 4600 100000 SH DEFINED 0128 100000
LATTICE SEMICONDUCTR COM 518415104 16100 350000 SH DEFINED 0106 350000
LATTICE SEMICONDUCTR COM 518415104 239 5200 SH DEFINED 011619 5200
LATTICE SEMICONDUCTR COM 518415104 911 19800 SH DEFINED 011614 19800
LATTICE SEMICONDUCTR COM 518415104 762 16556 SH DEFINED 0102 16556
LATTICE SEMICONDUCTR COM 518415104 1150 25000 SH DEFINED 01 25000
ESTE' LAUDER COM 518439104 2798 55000 SH DEFINED 011619 55000
ESTE' LAUDER COM 518439104 11447 225000 SH DEFINED 011614 225000
LAYNE INCORPORATED COM 521050104 353 23177 SH DEFINED 0103 23177
LAZARD SM CAP VALUE COM 52106N509 6710 363908 SH DEFINED 0103 363908
LAZARE KAPLAN INTL COM 521078105 2569 150000 SH DEFINED 011619 150000
LEARNING COMPANY INC COM 522008101 3738 260000 SH DEFINED 0128 260000
LEARNING COMPANY INC COM 522008101 16891 1175000 SH DEFINED 0106 1175000
LEARNING COMPANY INC COM 522008101 11500 800000 SH DEFINED 011618 800000
LEGGETT & PLATT COM 524660107 3289 95000 SH DEFINED 011619 95000
LEGGETT & PLATT COM 524660107 12811 370000 SH DEFINED 011614 370000
LENNAR CORP COM 526057104 8817 323550 SH DEFINED 0108 323550
LENNAR CORP COM 526057104 3835 140750 SH DEFINED 0128 140750
LIB LIFE IN CVT 144A CONV BOND 531596AA2 6720 6000000 PRN DEFINED 0135 6000000
LIFE TECHNOLOGIES IN COM 532177201 2209 88350 SH DEFINED 0128 88350
LIGHTBRIDGE INC COM 532226107 1841 215000 SH DEFINED 011619 215000
ELI LILLY COM 532457108 1029 14100 SH DEFINED 0124 14100
ELI LILLY COM 532457108 2467 33800 SH DEFINED 0125 33800
ELI LILLY COM 532457108 54986 753210 SH DEFINED 0102 753210
ELI LILLY COM 532457108 6386 87479 SH DEFINED 0103 87479
ELI LILLY COM 532457108 7556 103500 SH DEFINED 01 103500
THE LIMITED INC COM 532716107 33075 1800000 SH DEFINED 0113 1800000
THE LIMITED INC COM 532716107 26184 1425000 SH DEFINED 011516 1425000
THE LIMITED INC COM 532716107 26184 1425000 SH DEFINED 0131 1425000
THE LIMITED INC COM 532716107 1725 93841 SH DEFINED 0103 93841
LINCOLN NAT COM 534187109 35438 675000 SH DEFINED 0113 675000
LINCOLN NAT COM 534187109 11288 215000 SH DEFINED 0107 215000
LINCOLN NAT COM 534187109 16989 323600 SH DEFINED 0131 323600
LINCOLN NAT COM 534187109 1802 34312 SH DEFINED 0103 34312
LINEAR TECHNOLOGY COM 535678106 0 1 SH DEFINED 0102 1
<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
LITTON INDUSTRIES COM 538021106 25194 529000 SH DEFINED 011618 529000
LIVING CENTERS OF AM COM 538388109 6938 250000 SH DEFINED 0128 250000
LIZ CLAIBORNE COM 539320101 10212 264392 SH DEFINED 0103 264392
LOCKHEED MARTIN CORP COM 539830109 28007 306084 SH DEFINED 0130 306084
LOCKHEED MARTIN CORP COM 539830109 109800 1200000 SH DEFINED 0126 1200000
LOCKHEED MARTIN CORP COM 539830109 18 200 SH DEFINED 0125 200
LOCKHEED MARTIN CORP COM 539830109 4128 45116 SH DEFINED 0135 45116
LOCKHEED MARTIN CORP COM 539830109 27395 299402 SH DEFINED 011618 299402
LOCKHEED MARTIN CORP COM 539830109 4575 50000 SH DEFINED 011620 50000
LOCKHEED MARTIN CORP COM 539830109 27917 305138 SH DEFINED 0102 305138
LOCKHEED MARTIN CORP COM 539830109 2377 25981 SH DEFINED 0103 25981
LOCKHEED MARTIN CORP COM 539830109 7640 83500 SH DEFINED 01 83500
LOCTITE CORP COM 540137106 0 1 SH DEFINED 0102 1
LOEWS CORP COM 540424108 1409 14947 SH DEFINED 0103 14947
LOJAS ARAPUA ADR COM 541462107 7206 385000 SH DEFINED 0135 385000
LONE STAR TECHNOLOG COM 542312103 2754 162000 SH DEFINED 011619 162000
LONE STAR TECHNOLOG COM 542312103 11407 671000 SH DEFINED 011614 671000
LONG ISLAND LIGHTING COM 542671102 6638 300000 SH DEFINED 0132 300000
LONGTERM CAPITAL LTD COM 542900998 41749 25000 SH DEFINED 0116 25000
LONGS DRUG STORES COM 543162101 121 2458 SH DEFINED 0103 2458
LONGVIEW FIBRE WASH COM 543213102 5513 300000 SH DEFINED 0128 300000
LORAL SP&COM CVT PFD CONV PFD STOCK 543885206 22600 400000 SH DEFINED 011618 400000
LOUISIANA LAND/EXP COM 546268103 227 4228 SH DEFINED 0103 4228
LOUISIANA PAC. COM 546347105 286 13554 SH DEFINED 0103 13554
LOWE'S CO'S COM 548661107 6656 187500 SH DEFINED 0124 187500
LOWE'S CO'S COM 548661107 4178 117700 SH DEFINED 0125 117700
LOWE'S CO'S COM 548661107 3905 110000 SH DEFINED 011619 110000
LOWE'S CO'S COM 548661107 17750 500000 SH DEFINED 011614 500000
LOWE'S CO'S COM 548661107 51833 1460052 SH DEFINED 0102 1460052
LOWE'S CO'S COM 548661107 9574 269700 SH DEFINED 0131 269700
LOWE'S CO'S COM 548661107 2289 64466 SH DEFINED 0103 64466
LOWE'S CO'S COM 548661107 5326 150000 SH DEFINED 01 150000
LUBRIZOL CORP COM 549271104 26350 850000 SH DEFINED 0113 850000
LUBRIZOL CORP COM 549271104 16275 525000 SH DEFINED 0131 525000
LUBRIZOL CORP COM 549271104 930 30000 SH DEFINED 0103 30000
LUCASVARIETY PLC-ADR COM 549395101 6080 160000 SH DEFINED 0135 160000
LUCENT TECHNOLOGIES COM 549463107 3762 81342 SH DEFINED 0103 81342
LYONDELL PETROCHEM COM 552078107 13200 600000 SH DEFINED 0113 600000
LYONDELL PETROCHEM COM 552078107 440 20000 SH DEFINED 0103 20000
MBIA INC COM 55262C100 603 5960 SH DEFINED 0103 5960
MBNA COM 55262L100 83000 2000000 SH DEFINED 0126 2000000
MBNA COM 55262L100 41500 1000000 SH DEFINED 0111 1000000
MBNA COM 55262L100 2905 70000 SH DEFINED 011619 70000
MBNA COM 55262L100 14110 340000 SH DEFINED 011614 340000
MBNA COM 55262L100 371 8950 SH DEFINED 0102 8950
MBNA COM 55262L100 9759 235150 SH DEFINED 0131 235150
MBNA COM 55262L100 2005 48314 SH DEFINED 0103 48314
MBNA COM 55262L100 5188 125000 SH DEFINED 01 125000
MCN CORP COM 55267J100 5486 190000 SH DEFINED 0132 190000
MCN FINANCING $23 PREFERRED STOCK 55267J209 6022 218000 SH DEFINED 0132 218000
<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
MCI COMMUNICATIONS COM 552673105 32688 1000000 SH DEFINED 0130 1000000
MCI COMMUNICATIONS COM 552673105 6538 200000 SH DEFINED 0132 200000
MCI COMMUNICATIONS COM 552673105 27784 850000 SH DEFINED 0124 850000
MCI COMMUNICATIONS COM 552673105 16233 496600 SH DEFINED 0125 496600
MCI COMMUNICATIONS COM 552673105 32688 1000000 SH DEFINED 011618 1000000
MCI COMMUNICATIONS COM 552673105 32658 999061 SH DEFINED 0102 999061
MCI COMMUNICATIONS COM 552673105 5088 155655 SH DEFINED 0103 155655
MDU RESOURCES GROUP COM 552690109 6038 262500 SH DEFINED 0132 262500
MEMC ELECTRONIC MAT COM 552715104 1919 85300 SH DEFINED 01 85300
MFS COMM COM 55272T101 49050 900000 SH DEFINED 0111 900000
MFS COMM COM 55272T101 5450 100000 SH DEFINED 011622 100000
MFS COMM COM 55272T101 13625 250000 SH DEFINED 011623 250000
MFS COMM COM 55272T101 492 9000 SH DEFINED 0102 9000
MFS COMM COM 55272T101 327 6000 SH DEFINED 01 6000
MGIC INVESTMENT CORP COM 552848103 665 8746 SH DEFINED 0103 8746
MSC COM 553530106 11100 300000 SH DEFINED 011516 300000
MAGNA GROUP INC COM 559214101 2508 85000 SH DEFINED 011619 85000
MAGNA GROUP INC COM 559214101 10620 360000 SH DEFINED 011614 360000
MAGNA INTL COM 559222401 3362 60300 SH DEFINED 011622 60300
MAGNA INTL COM 559222401 7465 133900 SH DEFINED 011623 133900
MAHINDRA & MAHINDRA COM 559832100 4700 400000 SH DEFINED 0135 400000
MAINSTREET BANKGROUP COM 560633109 168 8860 SH DEFINED 0102 8860
MALAN REALTY INV CVT CONV BOND 561063AA6 4045 4050000 PRN DEFINED 0104 4050000
MALAN REALTY INV CVT CONV BOND 561063AA6 2297 2300000 PRN DEFINED 0109 2300000
MALAN REALTY INV CVT CONV BOND 561063AA6 2297 2300000 PRN DEFINED 011621 2300000
MALLINCKRODT INC COM 561232109 414 9384 SH DEFINED 0103 9384
MANOR CARE INC COM 564054104 215 7975 SH DEFINED 0103 7975
MANPOWER INC-WIS COM 56418H100 6500 200000 SH DEFINED 0111 200000
MANPOWER INC-WIS COM 56418H100 2226 68500 SH DEFINED 011622 68500
MANPOWER INC-WIS COM 56418H100 4904 150900 SH DEFINED 011623 150900
MANUGISTICS GROUP IN COM 565011103 7553 190000 SH DEFINED 0108 190000
MARINE DRILLING CO I COM 568240204 3938 200000 SH DEFINED 0132 200000
MARINE DRILLING CO I COM 568240204 5513 280000 SH DEFINED 011619 280000
MARINE DRILLING CO I COM 568240204 23231 1180000 SH DEFINED 011614 1180000
MARQUETTE MED CL A COM 571490101 3540 160000 SH DEFINED 0128 160000
MARSH MCLENNAN CO COM 571748102 28600 275000 SH DEFINED 0113 275000
MARSH MCLENNAN CO COM 571748102 9360 90000 SH DEFINED 0107 90000
MARSH MCLENNAN CO COM 571748102 18200 175000 SH DEFINED 0131 175000
MARSH MCLENNAN CO COM 571748102 1813 17435 SH DEFINED 0103 17435
MARRIOTT INTERNATION COM 571900109 132600 2400000 SH DEFINED 0126 2400000
MARRIOTT INTERNATION COM 571900109 33150 600000 SH DEFINED 0111 600000
MARRIOTT INTERNATION COM 571900109 903 16346 SH DEFINED 0103 16346
MARSHALL INDUSTRIES COM 572393106 17631 575700 SH DEFINED 011516 575700
MARTIN MARIETTA MATE COM 573284106 23250 1000000 SH DEFINED 0130 1000000
MARTIN MARIETTA MATE COM 573284106 11625 500000 SH DEFINED 0108 500000
MARTIN MARIETTA MATE COM 573284106 6061 260700 SH DEFINED 0128 260700
MARTIN MARIETTA MATE COM 573284106 11044 475000 SH DEFINED 0107 475000
MARTIN MARIETTA MATE COM 573284106 25799 1109624 SH DEFINED 011618 1109624
MARTIN MARIETTA MATE COM 573284106 9300 400000 SH DEFINED 0131 400000
MARTIN MARIETTA MATE COM 573284106 372 16000 SH DEFINED 0103 16000
<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
MASCO CORP COM 574599106 3535 98200 SH DEFINED 0124 98200
MASCO CORP COM 574599106 2185 60700 SH DEFINED 0125 60700
MASCO CORP COM 574599106 187 5200 SH DEFINED 0102 5200
MASCO CORP COM 574599106 857 23789 SH DEFINED 0103 23789
MASCOTECH INC CONV BOND 574670AB1 5346 6500000 PRN DEFINED 0104 6500000
MASCOTECH INC CONV BOND 574670AB1 2879 3500000 PRN DEFINED 011621 3500000
MASCOTECH 6% $1.20 CONV PFD STOCK 574670303 4416 280400 SH DEFINED 0130 280400
MASTEC INC. COM 576323109 31800 600000 SH DEFINED 0111 600000
MASTEC INC. COM 576323109 345 6500 SH DEFINED 0102 6500
MATTEL INC. COM 577081102 27750 1000000 SH DEFINED 0126 1000000
MATTEL INC. COM 577081102 41625 1500000 SH DEFINED 0111 1500000
MATTEL INC. COM 577081102 5569 200700 SH DEFINED 0125 200700
MATTEL INC. COM 577081102 5897 212500 SH DEFINED 011622 212500
MATTEL INC. COM 577081102 12488 450000 SH DEFINED 011623 450000
MATTEL INC. COM 577081102 6523 235075 SH DEFINED 0102 235075
MATTEL INC. COM 577081102 970 34943 SH DEFINED 0103 34943
MATTEL INC. COM 577081102 5966 215000 SH DEFINED 01 215000
MAXIM INTEGRATED COM 57772K101 43250 1000000 SH DEFINED 0111 1000000
MAXIM INTEGRATED COM 57772K101 3028 70000 SH DEFINED 011622 70000
MAXIM INTEGRATED COM 57772K101 6920 160000 SH DEFINED 011623 160000
MAXIM INTEGRATED COM 57772K101 21625 500000 SH DEFINED 011618 500000
MAXIM INTEGRATED COM 57772K101 261 6000 SH DEFINED 0102 6000
MAY DEPT STORES COM 577778103 35063 750000 SH DEFINED 0113 750000
MAY DEPT STORES COM 577778103 14259 305000 SH DEFINED 0107 305000
MAY DEPT STORES COM 577778103 71 1500 SH DEFINED 0102 1500
MAY DEPT STORES COM 577778103 23375 500000 SH DEFINED 0131 500000
MAY DEPT STORES COM 577778103 2568 54936 SH DEFINED 0103 54936
MAYTAG CO COM 578592107 13331 675000 SH DEFINED 0113 675000
MAYTAG CO COM 578592107 8888 450000 SH DEFINED 0131 450000
MAYTAG CO COM 578592107 250 12662 SH DEFINED 0103 12662
MAZEL STORES INC COM 578792103 1125 50000 SH DEFINED 011614 50000
MCAFEE ASSOCIATES IN COM 579057100 2200 50000 SH DEFINED 011619 50000
MCAFEE ASSOCIATES IN COM 579057100 4928 112000 SH DEFINED 011614 112000
MCAFEE ASSOCIATES IN COM 579057100 19844 451000 SH DEFINED 0102 451000
MCAFEE ASSOCIATES IN COM 579057100 8747 198800 SH DEFINED 0131 198800
MCAFEE ASSOCIATES IN COM 579057100 825 18750 SH DEFINED 0103 18750
MCDERMOTT INTL COM 580037109 113 6782 SH DEFINED 0103 6782
MCDONALDS COM 580135101 323 7145 SH DEFINED 0102 7145
MCDONALDS COM 580135101 4045 89392 SH DEFINED 0103 89392
MCDONNELL DOUGLASS COM 580169100 26 400 SH DEFINED 0125 400
MCDONNELL DOUGLASS COM 580169100 1885 29460 SH DEFINED 0103 29460
MCGRAW-HILL COS INC COM 580645109 29981 650000 SH DEFINED 0113 650000
MCGRAW-HILL COS INC COM 580645109 17758 385000 SH DEFINED 0107 385000
MCGRAW-HILL COS INC COM 580645109 23063 500000 SH DEFINED 0131 500000
MCGRAW-HILL COS INC COM 580645109 1735 37610 SH DEFINED 0103 37610
MEAD CORP COM 582834107 2459 42300 SH DEFINED 0124 42300
MEAD CORP COM 582834107 93 1600 SH DEFINED 0102 1600
MEAD CORP COM 582834107 388 6679 SH DEFINED 0103 6679
MEDIC COMPUTER COM 584472104 11086 275000 SH DEFINED 0106 275000
MEDIC COMPUTER COM 584472104 99 2450 SH DEFINED 0102 2450
<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
MEDIC COMPUTER COM 584472104 5724 142000 SH DEFINED 0131 142000
MEDIC COMPUTER COM 584472104 266 6600 SH DEFINED 0103 6600
MEDICAL ALLIANCE COM 58449S105 2300 200000 SH DEFINED 011619 200000
MEDICAL RESOURCES COM 58461Q102 1558 137000 SH DEFINED 011619 137000
MEDICAL RESOURCES COM 58461Q102 6097 536000 SH DEFINED 011614 536000
MEDITRUST COM 58501T108 20000 500000 SH DEFINED 0113 500000
MEDITRUST COM 58501T108 16000 400000 SH DEFINED 0131 400000
MEDITRUST COM 58501T108 600 15000 SH DEFINED 0103 15000
MEDTRONIC COM 585055106 30600 450000 SH DEFINED 0130 450000
MEDTRONIC COM 585055106 116960 1720000 SH DEFINED 0126 1720000
MEDTRONIC COM 585055106 40800 600000 SH DEFINED 0111 600000
MEDTRONIC COM 585055106 14028 206300 SH DEFINED 0124 206300
MEDTRONIC COM 585055106 8588 126300 SH DEFINED 0125 126300
MEDTRONIC COM 585055106 12240 180000 SH DEFINED 011622 180000
MEDTRONIC COM 585055106 27200 400000 SH DEFINED 011623 400000
MEDTRONIC COM 585055106 20400 300000 SH DEFINED 011618 300000
MEDTRONIC COM 585055106 114766 1687608 SH DEFINED 0102 1687608
MEDTRONIC COM 585055106 21862 321500 SH DEFINED 0131 321500
MEDTRONIC COM 585055106 5040 74110 SH DEFINED 0103 74110
MEDTRONIC COM 585055106 14212 209000 SH DEFINED 01 209000
MEGO MORTGAGE CORP COM 585165103 4331 350000 SH DEFINED 011614 350000
MELLON BANK CORP COM 585509102 28400 400000 SH DEFINED 0113 400000
MELLON BANK CORP COM 585509102 6262 88200 SH DEFINED 0124 88200
MELLON BANK CORP COM 585509102 4438 62500 SH DEFINED 0125 62500
MELLON BANK CORP COM 585509102 23430 330000 SH DEFINED 0107 330000
MELLON BANK CORP COM 585509102 53250 750000 SH DEFINED 011516 750000
MELLON BANK CORP COM 585509102 234 3300 SH DEFINED 0102 3300
MELLON BANK CORP COM 585509102 1798 25322 SH DEFINED 0103 25322
MENS WEARHOUSE INC COM 587118100 2098 85622 SH DEFINED 0103 85622
MERCANTILE STORES COM 587533100 230 4666 SH DEFINED 0103 4666
MERCK COM 589331107 21794 275000 SH DEFINED 0130 275000
MERCK COM 589331107 11888 150000 SH DEFINED 0108 150000
MERCK COM 589331107 158500 2000000 SH DEFINED 0126 2000000
MERCK COM 589331107 12173 153600 SH DEFINED 0124 153600
MERCK COM 589331107 9669 122000 SH DEFINED 0125 122000
MERCK COM 589331107 41606 525000 SH DEFINED 011618 525000
MERCK COM 589331107 3883 49000 SH DEFINED 011620 49000
MERCK COM 589331107 207193 2614397 SH DEFINED 0102 2614397
MERCK COM 589331107 14740 186002 SH DEFINED 0103 186002
MERCK COM 589331107 10819 136516 SH DEFINED 01 136516
MEREDITH CORP COM 589433101 178 3369 SH DEFINED 0103 3369
MERRILL LYNCH & CO COM 590188108 65200 800000 SH DEFINED 0111 800000
MERRILL LYNCH & CO COM 590188108 390 4800 SH DEFINED 0102 4800
MERRILL LYNCH & CO COM 590188108 1751 21484 SH DEFINED 0103 21484
MERRY LAND & INVT CO COM 590438107 11825 550000 SH DEFINED 0113 550000
MERRY LAND & INVT CO COM 590438107 5160 240000 SH DEFINED 0107 240000
MERRY LAND & INVT CO COM 590438107 6450 300000 SH DEFINED 0131 300000
MERRY LAND & INVT CO COM 590438107 473 22000 SH DEFINED 0103 22000
METHANEX CORP COM 59151K108 1800 200000 SH DEFINED 011621 200000
METHODE ELEC COM 591520200 7594 375000 SH DEFINED 0106 375000
<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
METHODE ELEC COM 591520200 2835 140000 SH DEFINED 011619 140000
METHODE ELEC COM 591520200 111 5500 SH DEFINED 01 5500
METZLER GROUP INC COM 592903108 7938 250000 SH DEFINED 011516 250000
MICHAEL FOODS COM 594074106 2231 175000 SH DEFINED 0128 175000
MICROSOFT COM 594918104 198300 2400000 SH DEFINED 0126 2400000
MICROSOFT COM 594918104 33050 400000 SH DEFINED 0111 400000
MICROSOFT COM 594918104 17797 215400 SH DEFINED 0124 215400
MICROSOFT COM 594918104 13980 169200 SH DEFINED 0125 169200
MICROSOFT COM 594918104 5784 70000 SH DEFINED 011622 70000
MICROSOFT COM 594918104 13220 160000 SH DEFINED 011623 160000
MICROSOFT COM 594918104 37016 448000 SH DEFINED 011618 448000
MICROSOFT COM 594918104 11578 140109 SH DEFINED 0102 140109
MICROSOFT COM 594918104 12311 149000 SH DEFINED 0131 149000
MICROSOFT COM 594918104 14299 173070 SH DEFINED 0103 173070
MICROSOFT COM 594918104 1487 18000 SH DEFINED 01 18000
MICROAGE INC COM 594928103 3340 167000 SH DEFINED 011619 167000
MICROAGE INC COM 594928103 13460 673000 SH DEFINED 011614 673000
MICRO-CHIP COM 595017104 12719 250000 SH DEFINED 0106 250000
MICRO-CHIP COM 595017104 22894 450000 SH DEFINED 011516 450000
MICRON TECHNOLOGY COM 595112103 776 26634 SH DEFINED 0103 26634
MID-AMERICA APT COM 59522J103 6208 215000 SH DEFINED 0107 215000
MIDAMERICAN ENERGY PREFERRED STOCK 595620204 7843 73300 SH DEFINED 0105 73300
MIDAMERICAN ENERGY PREFERRED STOCK 595620204 3745 35000 SH DEFINED 01 35000
MILLENIUM CHEM INC COM 599903101 60 3392 SH DEFINED 01 3392
HERMAN MILLER COM 600544100 4247 75000 SH DEFINED 0128 75000
HERMAN MILLER COM 600544100 3964 70000 SH DEFINED 011619 70000
HERMAN MILLER COM 600544100 16421 290000 SH DEFINED 011614 290000
MILLER INDUS COM 600551105 4200 210000 SH DEFINED 011619 210000
MILLER INDUS COM 600551105 16800 840000 SH DEFINED 011614 840000
MILLIPORE CORP COM 601073109 20688 500000 SH DEFINED 0106 500000
MILLIPORE CORP COM 601073109 227 5479 SH DEFINED 0103 5479
MN MINING & MFG CO COM 604059105 58013 700000 SH DEFINED 0126 700000
MN MINING & MFG CO COM 604059105 7732 93300 SH DEFINED 0124 93300
MN MINING & MFG CO COM 604059105 3705 44700 SH DEFINED 0125 44700
MN MINING & MFG CO COM 604059105 12017 145000 SH DEFINED 0107 145000
MN MINING & MFG CO COM 604059105 4973 60008 SH DEFINED 0103 60008
MN MINING & MFG CO COM 604059105 8246 99500 SH DEFINED 01 99500
MN P & L 144A $100 PREFERRED STOCK 6041103#1 5026 50000 SH DEFINED 0105 50000
MN P & L 144A $100 PREFERRED STOCK 6041103#1 3016 30000 SH DEFINED 01 30000
MN P&L 144A 6.70 PREFERRED STOCK 604110999 10150 100000 SH DEFINED 0105 100000
MIRAGE RESORTS INC COM 60462E104 43250 2000000 SH DEFINED 0126 2000000
MRS FIELDS COM 60650*990 605 20176717 SH DEFINED 0105 20176717
MOBIL COM 607059102 3668 30000 SH DEFINED 0108 30000
MOBIL COM 607059102 122250 1000000 SH DEFINED 0126 1000000
MOBIL COM 607059102 37898 310000 SH DEFINED 0113 310000
MOBIL COM 607059102 24450 200000 SH DEFINED 0111 200000
MOBIL COM 607059102 4890 40000 SH DEFINED 0132 40000
MOBIL COM 607059102 20783 170000 SH DEFINED 0107 170000
MOBIL COM 607059102 4890 40000 SH DEFINED 011622 40000
MOBIL COM 607059102 9780 80000 SH DEFINED 011623 80000
<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
MOBIL COM 607059102 6113 50000 SH DEFINED 011516 50000
MOBIL COM 607059102 119947 981170 SH DEFINED 0102 981170
MOBIL COM 607059102 27506 225000 SH DEFINED 0131 225000
MOBIL COM 607059102 7759 63476 SH DEFINED 0103 63476
MOBIL COM 607059102 4890 40000 SH DEFINED 01 40000
MOLEX INC COM 608554101 1956 50000 SH DEFINED 0108 50000
MOLEX INC COM 608554101 19563 500000 SH DEFINED 011516 500000
MOLEX INC COM 608554101 1409 35839 SH DEFINED 0102 35839
MOLEX INC CL A COM 608554200 25 665 SH DEFINED 0102 665
MOLTEN METL TECH CVT CONV BOND 608712AA3 1390 2000000 PRN DEFINED 0104 2000000
MOLTEN METL TECH CVT CONV BOND 608712AA3 1043 1500000 PRN DEFINED 0109 1500000
MOLTEN METL TECH CVT CONV BOND 608712AA3 695 1000000 PRN DEFINED 011621 1000000
MONDAVI ROBERT CORP COM 609200100 1825 50000 SH DEFINED 011619 50000
MONSANTO COMPANY COM 611662107 23325 600000 SH DEFINED 0130 600000
MONSANTO COMPANY COM 611662107 272125 7000000 SH DEFINED 0126 7000000
MONSANTO COMPANY COM 611662107 58313 1500000 SH DEFINED 0111 1500000
MONSANTO COMPANY COM 611662107 7172 184500 SH DEFINED 0124 184500
MONSANTO COMPANY COM 611662107 3650 93900 SH DEFINED 0125 93900
MONSANTO COMPANY COM 611662107 1407 36200 SH DEFINED 0102 36200
MONSANTO COMPANY COM 611662107 3254 83703 SH DEFINED 0103 83703
MONSANTO COMPANY COM 611662107 5617 144500 SH DEFINED 01 144500
MOORE CORP COM 615785102 254 12469 SH DEFINED 0103 12469
JP MORGAN & CO INC COM 616880100 19525 200000 SH DEFINED 0130 200000
JP MORGAN & CO INC COM 616880100 34169 350000 SH DEFINED 0113 350000
JP MORGAN & CO INC COM 616880100 16596 170000 SH DEFINED 0107 170000
JP MORGAN & CO INC COM 616880100 24406 250000 SH DEFINED 0131 250000
JP MORGAN & CO INC COM 616880100 3534 36191 SH DEFINED 0103 36191
JP MORGAN & CO INC COM 616880100 8982 92000 SH DEFINED 01 92000
JPMS-GANNETT MEDS CONV PFD STOCK 616880878 14175 200000 SH DEFINED 0107 200000
RUSSIA & NOW EUROPE COM 616911103 4500 250000 SH DEFINED 0135 250000
MORGAN STANLEY GROUP COM 617446109 7141 125000 SH DEFINED 0108 125000
MORGAN STANLEY GROUP COM 617446109 79975 1400000 SH DEFINED 0126 1400000
MORGAN STANLEY GROUP COM 617446109 343 6000 SH DEFINED 0102 6000
MORGAN STANLEY GROUP COM 617446109 9614 168300 SH DEFINED 0131 168300
MORGAN STANLEY GROUP COM 617446109 1605 28102 SH DEFINED 0103 28102
MS-AES CORP PEPS CONV PFD STOCK 617446596 7765 247500 SH DEFINED 0132 247500
MS-CONAGRA PEPS CONV PFD STOCK 617446612 16625 350000 SH DEFINED 0130 350000
MS-CONAGRA PEPS CONV PFD STOCK 617446612 15438 325000 SH DEFINED 0107 325000
MS-MERCK PEPS CONV PFD STOCK 617446620 17128 225000 SH DEFINED 0130 225000
MS-MERCK PEPS CONV PFD STOCK 617446620 15986 210000 SH DEFINED 0107 210000
MS-CITICORP CVT CONV PFD STOCK 617446638 23875 250000 SH DEFINED 0130 250000
MS-AIRTOUCH DEC CVT CONV PFD STOCK 617446653 12994 525000 SH DEFINED 0130 525000
MS-AIRTOUCH DEC CVT CONV PFD STOCK 617446653 11138 450000 SH DEFINED 0107 450000
MS-DURACELL DEC CVT CONV PFD STOCK 617446679 12041 195000 SH DEFINED 0130 195000
MORTON INTERNATIONAL COM 619331101 384 9400 SH DEFINED 0102 9400
MORTON INTERNATIONAL COM 619331101 741 18191 SH DEFINED 0103 18191
MOTOROLA COM 620076109 24550 400000 SH DEFINED 011516 400000
MOTOROLA COM 620076109 174 2841 SH DEFINED 0102 2841
MOTOROLA COM 620076109 4645 75683 SH DEFINED 0103 75683
MULTICANAL PRTICIPAC COM 62544D104 542 42300 SH DEFINED 011619 42300
<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
MULTICANAL PRTICIPAC COM 62544D104 2167 169100 SH DEFINED 011614 169100
MURPHY OIL COM 626717102 5563 100000 SH DEFINED 0128 100000
MUTL RISKMGMTCVT/PUT CONV BOND 628351AA6 20875 50000000 PRN DEFINED 0106 50000000
MUTUAL RISK COM 628351108 30752 831133 SH DEFINED 0130 831133
MUTUAL RISK COM 628351108 3283 88733 SH DEFINED 011620 88733
MYLAN LABS COM 628530107 0 1 SH DEFINED 0102 1
NAL FINANCIAL GROUP COM 62872M106 17 1800 SH DEFINED 0102 1800
NIPSCO COM 629140104 13869 350000 SH DEFINED 0132 350000
NACCO IND CL A COM 629579103 57 1062 SH DEFINED 0103 1062
NALCO CHEMICAL COM 629853102 28900 800000 SH DEFINED 0113 800000
NALCO CHEMICAL COM 629853102 10476 290000 SH DEFINED 0107 290000
NALCO CHEMICAL COM 629853102 308 8538 SH DEFINED 0103 8538
NATIONAL CITY CORP COM 635405103 31413 700000 SH DEFINED 0113 700000
NATIONAL CITY CORP COM 635405103 1269 28271 SH DEFINED 0103 28271
NATL ENT 4.75 5/1/96 CONV BOND 635819AA3 1 20000 PRN DEFINED 0102 20000
NATIONAL FUEL GAS CO COM 636180101 6188 150000 SH DEFINED 0132 150000
NAT POWER PLC ADR COM 637194408 31453 928500 SH DEFINED 0130 928500
NATIONAL PROCESSING COM 637229105 9600 600000 SH DEFINED 011516 600000
NATIONAL PROCESSING COM 637229105 69 4300 SH DEFINED 011620 4300
NATL SEMICONDUCTOR COM 637640103 28031 1150000 SH DEFINED 011516 1150000
NATL SEMICONDUCTOR COM 637640103 498 20418 SH DEFINED 0103 20418
NATL SERVICES IND COM 637657107 12147 325000 SH DEFINED 0107 325000
NATL SERVICES IND COM 637657107 225 6025 SH DEFINED 0103 6025
NAT CORP HOUSING COM 637995994 100 500 SH DEFINED 01 500
NATIONS BANK COM 638585109 48875 500000 SH DEFINED 0130 500000
NATIONS BANK COM 638585109 34213 350000 SH DEFINED 0113 350000
NATIONS BANK COM 638585109 49168 503000 SH DEFINED 0124 503000
NATIONS BANK COM 638585109 32111 328500 SH DEFINED 0125 328500
NATIONS BANK COM 638585109 20528 210000 SH DEFINED 0107 210000
NATIONS BANK COM 638585109 284152 2906927 SH DEFINED 0102 2906927
NATIONS BANK COM 638585109 24438 250000 SH DEFINED 0131 250000
NATIONS BANK COM 638585109 10357 105958 SH DEFINED 0103 105958
NATIONS BANK COM 638585109 20186 206500 SH DEFINED 01 206500
NAVISTAR INTL CORP COM 63934E108 884 96853 SH DEFINED 0103 96853
NEUBERGER & BERMAN COM 640917506 1248 73998 SH DEFINED 0103 73998
NETCOM ONLINE COM 641081104 5200 400000 SH DEFINED 0111 400000
NETSCAPE COM 641149109 1422 25000 SH DEFINED 011619 25000
NETSCAPE COM 641149109 5574 98000 SH DEFINED 011614 98000
NETSCAPE COM 641149109 16272 286100 SH DEFINED 0102 286100
NETSCAPE COM 641149109 7854 138100 SH DEFINED 0131 138100
NETSCAPE COM 641149109 743 13060 SH DEFINED 0103 13060
NETWORK GENERAL COM 641210109 12100 400000 SH DEFINED 0106 400000
NETWORK GENERAL COM 641210109 19663 650000 SH DEFINED 011516 650000
NJ NATL GAS 100 144A PREFERRED STOCK 645869207 21500 200000 SH DEFINED 0105 200000
NEW JERSEY RESOURCES COM 646025106 4502 153900 SH DEFINED 0128 153900
NEW JERSEY RESOURCES COM 646025106 8775 300000 SH DEFINED 0132 300000
NEW YORK TIMES CLA COM 650111107 471 12403 SH DEFINED 0103 12403
NEWELL CO COM 651192106 2709 86000 SH DEFINED 011619 86000
NEWELL CO COM 651192106 10521 334000 SH DEFINED 011614 334000
NEWELL CO COM 651192106 638 20264 SH DEFINED 0103 20264
<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
NEWFIELD EXPLORATION COM 651290108 19388 745680 SH DEFINED 0102 745680
NEWFIELD EXPLORATION COM 651290108 3463 133200 SH DEFINED 0131 133200
NEWFIELD EXPLORATION COM 651290108 614 23620 SH DEFINED 0103 23620
NEWMONT MINING COM 651639106 569 12722 SH DEFINED 0103 12722
NEWS CORP LTD ADR COM 652487703 1002 48000 SH DEFINED 01 48000
NEXTEL COMMUNICATION COM 65332V103 16 1200 SH DEFINED 0102 1200
NEXTEL COMM WTS WARRANT 65332V111 0 18902 SH DEFINED 0109 18902
NIAGARA MOHAWK POWER COM 653522102 179 18078 SH DEFINED 0103 18078
NICOR COM 654086107 8044 225000 SH DEFINED 0132 225000
NICOR COM 654086107 229 6401 SH DEFINED 0103 6401
NIKE INC CL B COM 654106103 29875 500000 SH DEFINED 0130 500000
NIKE INC CL B COM 654106103 9112 152500 SH DEFINED 0108 152500
NIKE INC CL B COM 654106103 71700 1200000 SH DEFINED 0126 1200000
NIKE INC CL B COM 654106103 59750 1000000 SH DEFINED 0111 1000000
NIKE INC CL B COM 654106103 681 11400 SH DEFINED 0124 11400
NIKE INC CL B COM 654106103 514 8600 SH DEFINED 0125 8600
NIKE INC CL B COM 654106103 5975 100000 SH DEFINED 011622 100000
NIKE INC CL B COM 654106103 13145 220000 SH DEFINED 011623 220000
NIKE INC CL B COM 654106103 5975 100000 SH DEFINED 011516 100000
NIKE INC CL B COM 654106103 10871 181875 SH DEFINED 0102 181875
NIKE INC CL B COM 654106103 15272 255600 SH DEFINED 0131 255600
NIKE INC CL B COM 654106103 3281 54916 SH DEFINED 0103 54916
NOBLE AFFILIATES COM 654894104 3830 80000 SH DEFINED 011619 80000
NOBLE AFFILIATES COM 654894104 23315 487000 SH DEFINED 011614 487000
NOBLE AFFILIATES COM 654894104 26630 556241 SH DEFINED 0102 556241
NOBLE AFFILIATES COM 654894104 14736 307800 SH DEFINED 0131 307800
NOBLE AFFILIATES COM 654894104 1306 27275 SH DEFINED 0103 27275
NOBLE AFFILIATES COM 654894104 455 9500 SH DEFINED 01 9500
NOKIA PREFERRED COM 654902204 14375 250000 SH DEFINED 0130 250000
NOKIA PREFERRED COM 654902204 10063 175000 SH DEFINED 0135 175000
NOKIA PREFERRED COM 654902204 34500 600000 SH DEFINED 011516 600000
NOKIA PREFERRED COM 654902204 32087 557930 SH DEFINED 0102 557930
NOKIA PREFERRED COM 654902204 302 5250 SH DEFINED 0103 5250
NOKIA PREFERRED COM 654902204 5750 100000 SH DEFINED 01 100000
NOBLE DRILLING CORP COM 655042109 2981 150000 SH DEFINED 0135 150000
NOBLE DRILLING CORP COM 655042109 2862 144000 SH DEFINED 011619 144000
NOBLE DRILLING CORP COM 655042109 10951 551000 SH DEFINED 011614 551000
NORAM ENERGY CORP COM 655419109 95985 6242881 SH DEFINED 0103 6242881
NORDSTROM INC COM 655664100 368 10376 SH DEFINED 0103 10376
NORDSTROM INC COM 655664100 709 20000 SH DEFINED 01 20000
NORFOLK SOUTHERN CO COM 655844108 1436 16409 SH DEFINED 0103 16409
NORTHRN ST PWR CO MN COM 665772109 25231 550000 SH DEFINED 0113 550000
NORTHRN ST PWR CO MN COM 665772109 9175 200000 SH DEFINED 0132 200000
NORTHRN ST PWR CO MN COM 665772109 963 21000 SH DEFINED 0124 21000
NORTHRN ST PWR CO MN COM 665772109 8157 177800 SH DEFINED 0125 177800
NORTHRN ST PWR CO MN COM 665772109 16515 360000 SH DEFINED 0107 360000
NORTHRN ST PWR CO MN COM 665772109 900 19600 SH DEFINED 0102 19600
NORTHRN ST PWR CO MN COM 665772109 11469 250000 SH DEFINED 0131 250000
NORTHRN ST PWR CO MN COM 665772109 1134 24709 SH DEFINED 0103 24709
NORTHRN ST PWR CO MN COM 665772109 2913 63500 SH DEFINED 01 63500
<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
NORTHRN TELECOM COM 665815106 27844 450000 SH DEFINED 0130 450000
NORTHRN TELECOM COM 665815106 37125 600000 SH DEFINED 0111 600000
NORTHRN TELECOM COM 665815106 12375 200000 SH DEFINED 0132 200000
NORTHRN TELECOM COM 665815106 15951 257800 SH DEFINED 0124 257800
NORTHRN TELECOM COM 665815106 9399 151900 SH DEFINED 0125 151900
NORTHRN TELECOM COM 665815106 6188 100000 SH DEFINED 0135 100000
NORTHRN TELECOM COM 665815106 38672 625000 SH DEFINED 011618 625000
NORTHRN TELECOM COM 665815106 16017 258800 SH DEFINED 0102 258800
NORTHRN TELECOM COM 665815106 3385 54698 SH DEFINED 0103 54698
NORTHRN TELECOM COM 665815106 5647 91270 SH DEFINED 01 91270
NORTHROP GRUMMAN COR COM 666807102 600 7247 SH DEFINED 0103 7247
NWA COM 667280101 23475 600000 SH DEFINED 0111 600000
NWA COM 667280101 2934 75000 SH DEFINED 011622 75000
NWA COM 667280101 5869 150000 SH DEFINED 011623 150000
NWA COM 667280101 215 5500 SH DEFINED 0102 5500
NORTHWEST NATURAL GA COM 667655104 6300 262500 SH DEFINED 0132 262500
NORWEST CORP COM 669380107 17400 400000 SH DEFINED 0130 400000
NORWEST CORP COM 669380107 204450 4700000 SH DEFINED 0126 4700000
NORWEST CORP COM 669380107 28275 650000 SH DEFINED 0113 650000
NORWEST CORP COM 669380107 9779 224800 SH DEFINED 0124 224800
NORWEST CORP COM 669380107 7813 179600 SH DEFINED 0125 179600
NORWEST CORP COM 669380107 18270 420000 SH DEFINED 0107 420000
NORWEST CORP COM 669380107 30450 700000 SH DEFINED 011516 700000
NORWEST CORP COM 669380107 30450 700000 SH DEFINED 011618 700000
NORWEST CORP COM 669380107 132508 3045975 SH DEFINED 0102 3045975
NORWEST CORP COM 669380107 22838 525000 SH DEFINED 0131 525000
NORWEST CORP COM 669380107 4524 103999 SH DEFINED 0103 103999
NORWEST CORP COM 669380107 7055 162185 SH DEFINED 01 162185
NOVACARE INC COM 669930109 915 83200 SH DEFINED 011619 83200
NOVACARE INC COM 669930109 3520 320000 SH DEFINED 011614 320000
NOVELL INC COM 670006105 168070 17750000 SH DEFINED 011516 17750000
NOVELL INC COM 670006105 418 44143 SH DEFINED 0103 44143
NUCOR CORP COM 670346105 61200 1200000 SH DEFINED 0111 1200000
NUCOR CORP COM 670346105 6120 120000 SH DEFINED 011622 120000
NUCOR CORP COM 670346105 13617 267000 SH DEFINED 011623 267000
NUCOR CORP COM 670346105 54761 1073795 SH DEFINED 0102 1073795
NUCOR CORP COM 670346105 1140 22359 SH DEFINED 0103 22359
NUCOR CORP COM 670346105 10354 203024 SH DEFINED 01 203024
NUEVO ENERGY CO COM 670509108 9100 175000 SH DEFINED 0106 175000
NYNEX COM 670768100 4813 100000 SH DEFINED 0132 100000
NYNEX COM 670768100 14438 300000 SH DEFINED 0107 300000
NYNEX COM 670768100 2695 55996 SH DEFINED 0103 55996
OAK TECHNOLOGY COM 671802106 1238 110000 SH DEFINED 011619 110000
OAK TECHNOLOGY COM 671802106 4748 422000 SH DEFINED 011614 422000
OASIS COM 674216106 3697 162500 SH DEFINED 0107 162500
OCCIDENTAL PETROLEUM COM 674599105 965 41301 SH DEFINED 0103 41301
OCEANEERING INT'L COM 675232102 1905 120000 SH DEFINED 0135 120000
OFFICE MAX COM 67622M108 19125 1800000 SH DEFINED 0106 1800000
OFFICE DEPOT INC COM 676220106 3822 215310 SH DEFINED 01 215310
OFFSHORE ENERGY DEV COM 676247109 5452 357500 SH DEFINED 0106 357500
<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
OGDEN CORP COM 676346109 10440 556800 SH DEFINED 0103 556800
OHIO EDISON COM 677347106 5688 250000 SH DEFINED 0132 250000
OHIO EDISON COM 677347106 434 19094 SH DEFINED 0103 19094
OHIO POWER CO $100 PREFERRED STOCK 677415796 3587 36000 SH DEFINED 0105 36000
OLSTEN CORP COM 681385100 68 4500 SH DEFINED 0102 4500
OLYMPIC FINANCIAL LT COM 681593109 14 1000 SH DEFINED 0102 1000
OMNICARE, INC. COM 681904108 17309 538825 SH DEFINED 0102 538825
OMNICARE, INC. COM 681904108 383 11925 SH DEFINED 0103 11925
OMEGA HEALTH CARE CONV BOND 681936AG5 4525 4000000 PRN DEFINED 0104 4000000
OMEGA HEALTH CARE COM 681936100 6650 200000 SH DEFINED 0130 200000
OMEGA HEALTH CARE COM 681936100 9975 300000 SH DEFINED 0113 300000
OMEGA HEALTH CARE COM 681936100 5320 160000 SH DEFINED 0107 160000
OMEGA HEALTH CARE COM 681936100 499 15000 SH DEFINED 0103 15000
ONEOK INC COM 682678107 6012 200400 SH DEFINED 0132 200400
ONEOK INC COM 682678107 102 3413 SH DEFINED 0103 3413
ONTRACK DATA INTL COM 683372106 1500 100000 SH DEFINED 011619 100000
ORACLE CORP COM COM 68389X105 31313 750000 SH DEFINED 0130 750000
ORACLE CORP COM COM 68389X105 167000 4000000 SH DEFINED 0126 4000000
ORACLE CORP COM COM 68389X105 56363 1350000 SH DEFINED 0111 1350000
ORACLE CORP COM COM 68389X105 18264 437450 SH DEFINED 0124 437450
ORACLE CORP COM COM 68389X105 9696 232250 SH DEFINED 0125 232250
ORACLE CORP COM COM 68389X105 8350 200000 SH DEFINED 0135 200000
ORACLE CORP COM COM 68389X105 12525 300000 SH DEFINED 011622 300000
ORACLE CORP COM COM 68389X105 28432 681000 SH DEFINED 011623 681000
ORACLE CORP COM COM 68389X105 14613 350000 SH DEFINED 011618 350000
ORACLE CORP COM COM 68389X105 2714 65000 SH DEFINED 011619 65000
ORACLE CORP COM COM 68389X105 2505 60000 SH DEFINED 011620 60000
ORACLE CORP COM COM 68389X105 26762 641000 SH DEFINED 011614 641000
ORACLE CORP COM COM 68389X105 103557 2480316 SH DEFINED 0102 2480316
ORACLE CORP COM COM 68389X105 19867 475850 SH DEFINED 0131 475850
ORACLE CORP COM COM 68389X105 6251 149717 SH DEFINED 0103 149717
ORACLE CORP COM COM 68389X105 12859 307990 SH DEFINED 01 307990
ORANGE ROCKLAND$100 PREFERRED STOCK 6840654*3 663 6562 SH DEFINED 0105 6562
ORNDA HEALTH COM 686857103 97 3300 SH DEFINED 01 3300
ORYX ENERGY CO COM 68763F100 2727 110200 SH DEFINED 011619 110200
ORYX ENERGY CO COM 68763F100 10539 425800 SH DEFINED 011614 425800
ORYX ENERGY CO COM 68763F100 323 13068 SH DEFINED 0103 13068
OUTDOOR SYSTEM COM 690057104 2813 100000 SH DEFINED 011619 100000
OUTDOOR SYSTEM COM 690057104 12094 430000 SH DEFINED 011614 430000
OUTDOOR SYSTEM COM 690057104 2773 98600 SH DEFINED 0102 98600
OUTDOOR SYSTEM COM 690057104 82 2900 SH DEFINED 0103 2900
OWENS CORNIG FIB NEW COM 69073F103 281 6581 SH DEFINED 0103 6581
OXFORD RESOURCES COR COM 691808109 12350 400000 SH DEFINED 0111 400000
OXFORD RESOURCES COR COM 691808109 186 6000 SH DEFINED 0102 6000
PECO ENERGY COM 693304107 23988 950000 SH DEFINED 0113 950000
PECO ENERGY COM 693304107 18938 750000 SH DEFINED 0131 750000
PECO ENERGY COM 693304107 1549 61355 SH DEFINED 0103 61355
PNC FINL CORP COM 693475105 1637 43511 SH DEFINED 0103 43511
PP & L RESOURCES COM 693499105 474 20597 SH DEFINED 0103 20597
PPG INDUSTRIES INC COM 693506107 18241 325000 SH DEFINED 0131 325000
<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
PPG INDUSTRIES INC COM 693506107 1336 23799 SH DEFINED 0103 23799
PRI AUTOMATION INC COM 69357H106 9100 200000 SH DEFINED 0106 200000
PRI AUTOMATION INC COM 69357H106 13650 300000 SH DEFINED 011516 300000
PT KAWASAN GDS COM 69365P108 5198 472500 SH DEFINED 0135 472500
PACCAR INC COM 693718108 334 4913 SH DEFINED 0103 4913
PACIFIC ENTERPRISES COM 694232109 6075 200000 SH DEFINED 0132 200000
PACIFIC ENTERPRISES COM 694232109 329 10822 SH DEFINED 0103 10822
PACIFIC GAS & ELEC COM 694308107 1115 53085 SH DEFINED 0103 53085
PACIFIC GAS & ELEC PREFERRED STOCK 694308651 2714 112200 SH DEFINED 0105 112200
PACIFIC GAS & ELEC PREFERRED STOCK 694308693 14755 567500 SH DEFINED 0105 567500
PACIFIC TELESIS COM 694890104 2012 54743 SH DEFINED 0103 54743
PACIFICARE HEALTHCLB COM 695110205 80348 942500 SH DEFINED 011516 942500
PACIFICARE HEALTHCLB COM 695110205 17050 200000 SH DEFINED 011618 200000
PACIFICORP COM 695114108 755 36828 SH DEFINED 0103 36828
PACIFICORP $100 PAR PREFERRED STOCK 695114678 16313 150000 SH DEFINED 0105 150000
PACIFICORP $100 PAR PREFERRED STOCK 695114678 1088 10000 SH DEFINED 0116 10000
PAGEMART NATIONWIDE COM 69553Q108 355 50750 SH DEFINED 0109 50750
PAGING NETWORK INC. COM 695542100 3813 250000 SH DEFINED 0132 250000
PAIN WEBBER GLOBAL COM 695910877 2 144 SH DEFINED 01 144
PAIR GAIN TECH COM 695934109 1248 41000 SH DEFINED 011619 41000
PAIR GAIN TECH COM 695934109 4748 156000 SH DEFINED 011614 156000
PAIR GAIN TECH COM 695934109 12896 423750 SH DEFINED 0102 423750
PAIR GAIN TECH COM 695934109 10066 330700 SH DEFINED 0131 330700
PAIR GAIN TECH COM 695934109 822 27000 SH DEFINED 0103 27000
PALL CORP COM 696429307 9563 375000 SH DEFINED 0108 375000
PALL CORP COM 696429307 1658 65000 SH DEFINED 011620 65000
PALL CORP COM 696429307 374 14683 SH DEFINED 0103 14683
PANERGY CORP COM 697926103 868 19298 SH DEFINED 0103 19298
PANAVISION INC COM 69830E100 2905 140000 SH DEFINED 0106 140000
PANAMSAT CORP COM 69830X108 4200 150000 SH DEFINED 0109 150000
PARAMETRIC TECH CORP COM 699173100 10275 200000 SH DEFINED 0108 200000
PARAMETRIC TECH CORP COM 699173100 128438 2500000 SH DEFINED 0126 2500000
PARAMETRIC TECH CORP COM 699173100 3596 70000 SH DEFINED 0135 70000
PARAMETRIC TECH CORP COM 699173100 7069 137600 SH DEFINED 011622 137600
PARAMETRIC TECH CORP COM 699173100 15597 303600 SH DEFINED 011623 303600
PARAMETRIC TECH CORP COM 699173100 4624 90000 SH DEFINED 011619 90000
PARAMETRIC TECH CORP COM 699173100 22091 430000 SH DEFINED 011614 430000
PARAMETRIC TECH CORP COM 699173100 79965 1556458 SH DEFINED 0102 1556458
PARAMETRIC TECH CORP COM 699173100 41146 800900 SH DEFINED 0131 800900
PARAMETRIC TECH CORP COM 699173100 4749 92450 SH DEFINED 0103 92450
PARAMETRIC TECH CORP COM 699173100 385 7500 SH DEFINED 01 7500
PAREXEL COM 699462107 6453 125000 SH DEFINED 0106 125000
PARK ELECTROCHEMICAL CONV BOND 700416AB6 3876 4500000 PRN DEFINED 011614 4500000
PARKER-HANNIFIN COM 701094104 364 9392 SH DEFINED 0103 9392
PATRIOT AMERN HOSP COM 703353102 6684 155000 SH DEFINED 0107 155000
PAYCHEX INC COM 704326107 54859 1066508 SH DEFINED 0102 1066508
PAYCHEX INC COM 704326107 9657 187750 SH DEFINED 0131 187750
PAYCHEX INC COM 704326107 3195 62120 SH DEFINED 0103 62120
PEGASUS MED COMM COM 70557G104 244 750 SH DEFINED 0109 750
PENNCORP FINANCIAL G COM 708094107 3600 100000 SH DEFINED 0128 100000
<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
PENNCORP FINANCIAL G COM 708094107 13500 375000 SH DEFINED 0106 375000
PENNCORP FINANCIAL G COM 708094107 30960 860000 SH DEFINED 011618 860000
PENNCORP FINANCIAL G COM 708094107 39767 1104630 SH DEFINED 0102 1104630
PENNCORP FINANCIAL G COM 708094107 14512 403100 SH DEFINED 0131 403100
PENNCORP FINANCIAL G COM 708094107 1549 43020 SH DEFINED 0103 43020
PENNEY J C COM 708160106 26813 550000 SH DEFINED 0130 550000
PENNEY J C COM 708160106 36563 750000 SH DEFINED 0113 750000
PENNEY J C COM 708160106 19256 395000 SH DEFINED 0107 395000
PENNEY J C COM 708160106 22853 468705 SH DEFINED 0102 468705
PENNEY J C COM 708160106 28031 575000 SH DEFINED 0131 575000
PENNEY J C COM 708160106 3048 62509 SH DEFINED 0103 62509
PENNEY J C COM 708160106 2925 60000 SH DEFINED 01 60000
PENN P&L PFD $100 PREFERRED STOCK 709051643 2825 28000 SH DEFINED 0105 28000
PENN P&L $100 PAR PREFERRED STOCK 709051684 6029 60000 SH DEFINED 0105 60000
PENTAIR INC COM 709631105 2451 76000 SH DEFINED 011620 76000
PENTAIR INC COM 709631105 2742 85027 SH DEFINED 0103 85027
PENNZOIL COM 709903108 331 5857 SH DEFINED 0103 5857
PEOPLES ENERGY CORP COM 711030106 150 4432 SH DEFINED 0103 4432
PEOPLE SOFT COM 712713106 2876 60000 SH DEFINED 011619 60000
PEOPLE SOFT COM 712713106 11505 240000 SH DEFINED 011614 240000
PEOPLE SOFT COM 712713106 26388 550512 SH DEFINED 0102 550512
PEOPLE SOFT COM 712713106 18552 387000 SH DEFINED 0131 387000
PEOPLE SOFT COM 712713106 1485 30988 SH DEFINED 0103 30988
PEP BOYS COM 713278109 12300 400000 SH DEFINED 0108 400000
PEP BOYS COM 713278109 12987 422300 SH DEFINED 0102 422300
PEP BOYS COM 713278109 404 13158 SH DEFINED 0103 13158
PEP BOYS COM 713278109 923 30000 SH DEFINED 01 30000
PEPSICO COM 713448108 33605 1148900 SH DEFINED 0102 1148900
PEPSICO COM 713448108 5858 200282 SH DEFINED 0103 200282
PEPSICO COM 713448108 1901 65000 SH DEFINED 01 65000
PERCLOSE COM 71361C107 705 34800 SH DEFINED 0111 34800
PERCLOSE COM 71361C107 122 6000 SH DEFINED 011622 6000
PERCLOSE COM 71361C107 267 13200 SH DEFINED 011623 13200
PEREZ COMPANC SA ADR COM 713665107 5624 400000 SH DEFINED 0135 400000
PEREZ COMPANC SA ADR COM 713665107 121 8600 SH DEFINED 0102 8600
PEREZ COMPANC SA ADR COM 713665107 7074 503100 SH DEFINED 0131 503100
PEREZ COMPANC SA ADR COM 713665107 323 23000 SH DEFINED 0103 23000
PERKIN ELMER COM 714041100 324 5502 SH DEFINED 0103 5502
PERKIN ELMER COM 714041100 3768 64000 SH DEFINED 01 64000
PETROLEUM GEO SERV COM 716597109 19863 509300 SH DEFINED 011516 509300
PETROLEUM GEO SERV COM 716597109 975 25000 SH DEFINED 011620 25000
PETROLEUM GEO SERV COM 716597109 0 1 SH DEFINED 0102 1
PETSMART COM 716768106 26764 1223430 SH DEFINED 0102 1223430
PETSMART COM 716768106 8503 388700 SH DEFINED 0131 388700
PETSMART COM 716768106 1124 51420 SH DEFINED 0103 51420
PHARMACIA & UPJOHN COM 716941109 523 13200 SH DEFINED 0124 13200
PHARMACIA & UPJOHN COM 716941109 852 21500 SH DEFINED 0125 21500
PHARMACIA & UPJOHN COM 716941109 15058 380000 SH DEFINED 0107 380000
PHARMACIA & UPJOHN COM 716941109 2713 68453 SH DEFINED 0103 68453
PFIZER COM 717081103 43509 525000 SH DEFINED 0130 525000
<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
PFIZER COM 717081103 290063 3500000 SH DEFINED 0126 3500000
PFIZER COM 717081103 66300 800000 SH DEFINED 0111 800000
PFIZER COM 717081103 32164 388100 SH DEFINED 0124 388100
PFIZER COM 717081103 19592 236400 SH DEFINED 0125 236400
PFIZER COM 717081103 11835 142800 SH DEFINED 011622 142800
PFIZER COM 717081103 26205 316200 SH DEFINED 011623 316200
PFIZER COM 717081103 33150 400000 SH DEFINED 011618 400000
PFIZER COM 717081103 2030 24500 SH DEFINED 011620 24500
PFIZER COM 717081103 128407 1549446 SH DEFINED 0102 1549446
PFIZER COM 717081103 19285 232700 SH DEFINED 0131 232700
PFIZER COM 717081103 9751 117654 SH DEFINED 0103 117654
PFIZER COM 717081103 2238 27000 SH DEFINED 01 27000
PHELPS DODGE COM 717265102 3375 50000 SH DEFINED 0108 50000
PHELPS DODGE COM 717265102 702 10400 SH DEFINED 0125 10400
PHELPS DODGE COM 717265102 690 10221 SH DEFINED 0103 10221
PHILIP ENVIRONMENTAL COM 717906101 3988 275000 SH DEFINED 011619 275000
PHILIP MORRIS COM 718154107 22525 200000 SH DEFINED 0130 200000
PHILIP MORRIS COM 718154107 36603 325000 SH DEFINED 0113 325000
PHILIP MORRIS COM 718154107 19709 175000 SH DEFINED 0107 175000
PHILIP MORRIS COM 718154107 43924 390000 SH DEFINED 011618 390000
PHILIP MORRIS COM 718154107 4618 41000 SH DEFINED 011620 41000
PHILIP MORRIS COM 718154107 68 600 SH DEFINED 0102 600
PHILIP MORRIS COM 718154107 27030 240000 SH DEFINED 0131 240000
PHILIP MORRIS COM 718154107 12905 114582 SH DEFINED 0103 114582
PHILIP MORRIS COM 718154107 792 7030 SH DEFINED 01 7030
PHILIPPINE LONG DIST COM 718252604 5355 105000 SH DEFINED 0112 105000
PHILIPPINE LONG DIST COM 718252604 6727 131900 SH DEFINED 011617 131900
PHILLIPS PETROLEUM COM 718507106 1486 33589 SH DEFINED 0103 33589
PHOENIX DUFF & PHELP COM 718924103 4275 600000 SH DEFINED 0128 600000
PHOENIX DUFF & PHELP COM 718924103 2351 330000 SH DEFINED 011619 330000
PHOENIX SHANNON 144A CONV BOND 719138AA7 1100 2000000 PRN DEFINED 0104 2000000
PHONE TEL COM 71921H406 2072 650000 SH DEFINED 011619 650000
PHYCOR COM 71940F100 48857 1721798 SH DEFINED 0102 1721798
PHYCOR COM 71940F100 6350 223800 SH DEFINED 0131 223800
PHYCOR COM 71940F100 1570 55350 SH DEFINED 0103 55350
PHYSICIAN SALES &SER COM 71940L107 7547 525000 SH DEFINED 0106 525000
PHYSICIAN SALES &SER COM 71940L107 5855 407230 SH DEFINED 0102 407230
PHYSICIAN SALES &SER COM 71940L107 259 18000 SH DEFINED 0131 18000
PHYSICIAN SALES &SER COM 71940L107 179 12420 SH DEFINED 0103 12420
PHYSICIAN SALES &SER COM 71940L107 368 25600 SH DEFINED 01 25600
PHYSICIAN SUPPORT SY COM 71940V105 8181 425000 SH DEFINED 0106 425000
PHYSIO CONTROL INTL COM 719431108 15750 700000 SH DEFINED 0111 700000
PHYSIO CONTROL INTL COM 719431108 2700 120000 SH DEFINED 011619 120000
PHYSIO CONTROL INTL COM 719431108 2703 120050 SH DEFINED 0102 120050
PHYSIO CONTROL INTL COM 719431108 1722 76550 SH DEFINED 0131 76550
PHYSIO CONTROL INTL COM 719431108 160 7100 SH DEFINED 0103 7100
PHYSIO CONTROL INTL COM 719431108 720 32000 SH DEFINED 01 32000
PINNACLE WEST CAPITA COM 723484101 9525 300000 SH DEFINED 0132 300000
PIONEER HI-BRED COM 723686101 10850 155000 SH DEFINED 0108 155000
PIONEER HI-BRED COM 723686101 28000 400000 SH DEFINED 0126 400000
<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
PIONEER HI-BRED COM 723686101 1624 23200 SH DEFINED 0125 23200
PIONEER HI-BRED COM 723686101 322 4601 SH DEFINED 0102 4601
PIONEER HI-BRED COM 723686101 827 11819 SH DEFINED 0103 11819
PITNEY BOWES COM 724479100 496 9100 SH DEFINED 0124 9100
PITNEY BOWES COM 724479100 8720 160000 SH DEFINED 0107 160000
PITNEY BOWES COM 724479100 5 100 SH DEFINED 0102 100
PITNEY BOWES COM 724479100 1039 19067 SH DEFINED 0103 19067
PITTSTON BRINKS GRP COM 725701106 217 8000 SH DEFINED 0102 8000
PITTSTON BRINKS GRP COM 725701106 6107 226200 SH DEFINED 0131 226200
PITTSTON BRINKS GRP COM 725701106 324 12000 SH DEFINED 0103 12000
PLACER DOME INC COM 725906101 665 30552 SH DEFINED 0103 30552
PLATINUM TECH INC COM 72764T101 696 51070 SH DEFINED 01 51070
POGO PRODUCING CO COM 730448107 9450 200000 SH DEFINED 0106 200000
POGO PRODUCING CO COM 730448107 3308 70000 SH DEFINED 011619 70000
POGO PRODUCING CO COM 730448107 15356 325000 SH DEFINED 011614 325000
POGO PRODUCING CO COM 730448107 62159 1315555 SH DEFINED 0102 1315555
POGO PRODUCING CO COM 730448107 18087 382800 SH DEFINED 0131 382800
POGO PRODUCING CO COM 730448107 2437 51580 SH DEFINED 0103 51580
POGO PRODUCING CO COM 730448107 1512 32000 SH DEFINED 01 32000
POLAROID COM 731095105 250 5742 SH DEFINED 0103 5742
PORTUGAL TEL COM 737273102 4238 150000 SH DEFINED 0132 150000
POSSIS MEDICAL INC COM 737407106 5 250 SH DEFINED 0102 250
POTASH CORP SASK INC COM 73755L107 5593 65800 SH DEFINED 01 65800
POTLATCH CORP COM 737628107 157 3649 SH DEFINED 0103 3649
POWERGEN PLC ADR COM 738905405 30613 775000 SH DEFINED 0130 775000
PRAXAIR COM 74005P104 23063 500000 SH DEFINED 0130 500000
PRAXAIR COM 74005P104 10378 225000 SH DEFINED 0108 225000
PRAXAIR COM 74005P104 36900 800000 SH DEFINED 0126 800000
PRAXAIR COM 74005P104 8482 183900 SH DEFINED 0125 183900
PRAXAIR COM 74005P104 2768 60000 SH DEFINED 011619 60000
PRAXAIR COM 74005P104 4382 95000 SH DEFINED 011620 95000
PRAXAIR COM 74005P104 12684 275000 SH DEFINED 011614 275000
PRAXAIR COM 74005P104 38900 843401 SH DEFINED 0102 843401
PRAXAIR COM 74005P104 17357 376300 SH DEFINED 0131 376300
PRAXAIR COM 74005P104 1715 37178 SH DEFINED 0103 37178
PRAXAIR COM 74005P104 5766 125000 SH DEFINED 01 125000
PRECISION CASTPARTS COM 740189105 2382 48000 SH DEFINED 011620 48000
PRECISION CASTPARTS COM 740189105 11152 224740 SH DEFINED 0102 224740
PRECISION CASTPARTS COM 740189105 283 5710 SH DEFINED 0103 5710
PRENTISS COM 740706106 5000 200000 SH DEFINED 0107 200000
PRICE COSTCO COM 74143W102 3769 150000 SH DEFINED 011619 150000
PRICE COSTCO COM 74143W102 15954 635000 SH DEFINED 011614 635000
PRICE COSTCO COM 74143W102 9948 395820 SH DEFINED 0102 395820
PRICE COSTCO COM 74143W102 747 29734 SH DEFINED 0103 29734
PRIDE PETROLEUM SVCS COM 741541106 10463 450000 SH DEFINED 0106 450000
PRIDE PETROLEUM SVCS COM 741541106 1339 57600 SH DEFINED 011619 57600
PRIDE PETROLEUM SVCS COM 741541106 5171 222400 SH DEFINED 011614 222400
PRIME SERVICE INC COM 74157E105 1650 60000 SH DEFINED 011619 60000
PRIME SERVICE INC COM 74157E105 7150 260000 SH DEFINED 011614 260000
PROCTER & GAMBLE COM 742718109 32250 300000 SH DEFINED 0130 300000
<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
PROCTER & GAMBLE COM 742718109 118250 1100000 SH DEFINED 0126 1100000
PROCTER & GAMBLE COM 742718109 16394 152500 SH DEFINED 0124 152500
PROCTER & GAMBLE COM 742718109 12363 115000 SH DEFINED 0125 115000
PROCTER & GAMBLE COM 742718109 40153 373515 SH DEFINED 011618 373515
PROCTER & GAMBLE COM 742718109 82731 769493 SH DEFINED 0102 769493
PROCTER & GAMBLE COM 742718109 10895 101349 SH DEFINED 0103 101349
PROCTER & GAMBLE COM 742718109 3333 31000 SH DEFINED 01 31000
PRODUCTION OPERATORS COM 743080103 8370 180000 SH DEFINED 0128 180000
PROGRESSIVE CORP OH COM 743315103 10106 150000 SH DEFINED 0108 150000
PROMUS HOTEL CORP COM 74342H104 29625 1000000 SH DEFINED 0126 1000000
PROMUS HOTEL CORP COM 74342H104 27717 935660 SH DEFINED 0102 935660
PROMUS HOTEL CORP COM 74342H104 13728 463400 SH DEFINED 0131 463400
PROMUS HOTEL CORP COM 74342H104 26301 887789 SH DEFINED 0103 887789
PROTECTIVE LIFE CORP COM 743674103 2712 68000 SH DEFINED 011619 68000
PRUDENTIAL UTIL CL A COM 743911208 2 195 SH DEFINED 01 195
PROVIDIAN CORP COM 744061102 12058 234700 SH DEFINED 0113 234700
PROVIDIAN CORP COM 744061102 7234 140800 SH DEFINED 0131 140800
PROVIDIAN CORP COM 744061102 995 19374 SH DEFINED 0103 19374
PUBLIC SERV CO COLO COM 744448101 7775 200000 SH DEFINED 0132 200000
PUBLIC SERV CO COLO COM 744448101 15356 395000 SH DEFINED 0107 395000
PUB SERV ENTERPRISES COM 744573106 850 31178 SH DEFINED 0103 31178
PUBLIC STORAGE COM 74460D109 6665 215000 SH DEFINED 0107 215000
PULTE CORP. COM 745867101 92 2996 SH DEFINED 0103 2996
PURE ATRIA CORP COM 746217108 7425 300000 SH DEFINED 0106 300000
PURE ATRIA CORP COM 746217108 1188 48000 SH DEFINED 011619 48000
PURE ATRIA CORP COM 746217108 4777 193000 SH DEFINED 011614 193000
PUTNAM HIGH YIELD COM 74678J104 2 227 SH DEFINED 01 227
QUAKER OATS COM 747402105 11438 300000 SH DEFINED 0124 300000
QUAKER OATS COM 747402105 1891 49600 SH DEFINED 0125 49600
QUAKER OATS COM 747402105 11438 300000 SH DEFINED 011516 300000
QUAKER OATS COM 747402105 477 12500 SH DEFINED 0102 12500
QUAKER OATS COM 747402105 2009 52677 SH DEFINED 0103 52677
QUESTAR COM 748356102 4043 110000 SH DEFINED 0128 110000
QUESTAR COM 748356102 5513 150000 SH DEFINED 0132 150000
QUILMES INDUSTRIAL COM 74838Y108 4563 500000 SH DEFINED 0135 500000
QUORUM HEALTH COM 749084109 15024 505000 SH DEFINED 0106 505000
RFS HOTEL COM 74955J108 8098 410000 SH DEFINED 0107 410000
RFS HOTEL COM 74955J108 6784 343500 SH DEFINED 01 343500
ROC COMMUNITIES COM 749650107 8325 300000 SH DEFINED 0131 300000
ROC COMMUNITIES COM 749650107 416 15000 SH DEFINED 0103 15000
RPM INC OHIO COM 749685103 0 1 SH DEFINED 0102 1
RAINBOW TECHNOLOGIES COM 750862104 0 1 SH DEFINED 0103 1
RALSTON PURINA GP COM 751277302 2568 35000 SH DEFINED 0124 35000
RALSTON PURINA GP COM 751277302 2612 35600 SH DEFINED 0125 35600
RALSTON PURINA GP COM 751277302 220 3000 SH DEFINED 0102 3000
RALSTON PURINA GP COM 751277302 1080 14718 SH DEFINED 0103 14718
RATIONAL SOFTWARE COM 75409P202 1345 34000 SH DEFINED 011619 34000
RATIONAL SOFTWARE COM 75409P202 5420 137000 SH DEFINED 011614 137000
RAYCHEM COM 754603108 20151 251575 SH DEFINED 0102 251575
RAYCHEM COM 754603108 880 10978 SH DEFINED 0103 10978
<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
RAYCHEM COM 754603108 8479 105820 SH DEFINED 01 105820
RAYONIER COM 754907103 6332 165000 SH DEFINED 0128 165000
RAYTHEON COM 755111101 32244 670000 SH DEFINED 0126 670000
RAYTHEON COM 755111101 23880 496200 SH DEFINED 0124 496200
RAYTHEON COM 755111101 13013 270400 SH DEFINED 0125 270400
RAYTHEON COM 755111101 29356 610000 SH DEFINED 011516 610000
RAYTHEON COM 755111101 29228 607328 SH DEFINED 0102 607328
RAYTHEON COM 755111101 3348 69570 SH DEFINED 0103 69570
RAYTHEON COM 755111101 1203 25000 SH DEFINED 01 25000
READ RITE COM 755246105 5050 200000 SH DEFINED 0135 200000
READING & BATES CORP COM 755281805 716 27000 SH DEFINED 011620 27000
READING & BATES CORP COM 755281805 475 17919 SH DEFINED 0102 17919
RECKSON COM 75621K106 5281 125000 SH DEFINED 0107 125000
REEBOK INTERNATIONAL COM 758110100 301 7164 SH DEFINED 0103 7164
REED INTL PLC -SP A COM 758212872 22650 600000 SH DEFINED 011516 600000
REGAL CINEMAS COM 758754105 7688 250000 SH DEFINED 0106 250000
RELIANCE GP HDS WRTS WARRANT 759464118 681 277791 SH DEFINED 0109 277791
RENAISSANCE SOLUTION COM 759924103 8950 200000 SH DEFINED 0106 200000
REPSOL S.A. ADR COM 76026T205 30500 800000 SH DEFINED 0130 800000
REPSOL S.A. ADR COM 76026T205 30500 800000 SH DEFINED 0113 800000
REPSOL S.A. ADR COM 76026T205 20969 550000 SH DEFINED 0131 550000
REPSOL S.A. ADR COM 76026T205 953 25000 SH DEFINED 0103 25000
REPUBLIC INDUSTRIES COM 760516997 52013 1694915 SH DEFINED 011618 1694915
REPUBLIC NY COM 760719104 568 6956 SH DEFINED 0103 6956
RESPIRONICS INC COM 761230101 0 1 SH DEFINED 0102 1
REUTERS HLDS PLC ADR COM 761324201 53550 700000 SH DEFINED 0126 700000
REUTERS HLDS PLC ADR COM 761324201 38250 500000 SH DEFINED 011516 500000
REUTERS HLDS PLC ADR COM 761324201 233 3050 SH DEFINED 0102 3050
REUTERS HLDS PLC ADR COM 761324201 7428 97100 SH DEFINED 0131 97100
REUTERS HLDS PLC ADR COM 761324201 352 4600 SH DEFINED 0103 4600
REVCO D.S. INC COM 761339100 11100 300000 SH DEFINED 0108 300000
REVCO D.S. INC COM 761339100 3293 89000 SH DEFINED 011619 89000
REVCO D.S. INC COM 761339100 13283 359000 SH DEFINED 011614 359000
REVCO D.S. INC COM 761339100 85972 2323560 SH DEFINED 0102 2323560
REVCO D.S. INC COM 761339100 361 9750 SH DEFINED 0103 9750
REVCO D.S. INC COM 761339100 5698 154000 SH DEFINED 01 154000
REVLON COM 761525500 2300 77000 SH DEFINED 011620 77000
REXALL SUNDOWN COM 761648104 1903 70000 SH DEFINED 011619 70000
REXALL SUNDOWN COM 761648104 7613 280000 SH DEFINED 011614 280000
REYNOLDS & REYNOLDS COM 761695105 148200 5700000 SH DEFINED 0126 5700000
REYNOLDS & REYNOLDS COM 761695105 10010 385000 SH DEFINED 011516 385000
REYNOLDS & REYNOLDS COM 761695105 250 9600 SH DEFINED 0102 9600
REYNOLDS & REYNOLDS COM 761695105 7306 281000 SH DEFINED 0131 281000
REYNOLDS & REYNOLDS COM 761695105 372 14300 SH DEFINED 0103 14300
REYNOLDS & REYNOLDS COM 761695105 3120 120000 SH DEFINED 01 120000
REYNOLDS METALS COM 761763101 2819 50000 SH DEFINED 0108 50000
REYNOLDS METALS COM 761763101 13868 246000 SH DEFINED 0113 246000
REYNOLDS METALS COM 761763101 146 2600 SH DEFINED 0102 2600
REYNOLDS METALS COM 761763101 22550 400000 SH DEFINED 0131 400000
REYNOLDS METALS COM 761763101 1471 26086 SH DEFINED 0103 26086
<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
RHONE POULENC RORER COM 76242T104 103376 1323219 SH DEFINED 0103 1323219
RICHEY ELECTRON 144A CONV BOND 763302AA4 2971 3000000 PRN DEFINED 011614 3000000
RICHFOOD HLDG CL A COM 763408101 6729 277500 SH DEFINED 0108 277500
RICHFOOD HLDG CL A COM 763408101 2728 112500 SH DEFINED 011619 112500
RICHFOOD HLDG CL A COM 763408101 9821 405000 SH DEFINED 011614 405000
RICHFOOD HLDG CL A COM 763408101 225 9300 SH DEFINED 0102 9300
RICHFOOD HLDG CL A COM 763408101 6777 279450 SH DEFINED 0131 279450
RICHFOOD HLDG CL A COM 763408101 316 13050 SH DEFINED 0103 13050
RIGGS SER B PFD COM 766570303 2076 72825 SH DEFINED 0109 72825
RISK CAPITAL RE COM 767711104 8234 425000 SH DEFINED 0106 425000
RISK CAPITAL RE COM 767711104 17114 883300 SH DEFINED 0111 883300
RISK CAPITAL RE COM 767711104 1457 75200 SH DEFINED 011622 75200
RISK CAPITAL RE COM 767711104 3344 172600 SH DEFINED 011623 172600
RISK CAPITAL RE COM 767711104 1054 54400 SH DEFINED 011620 54400
RITE AID COM 767754104 13913 350000 SH DEFINED 0113 350000
RITE AID COM 767754104 10673 268500 SH DEFINED 0124 268500
RITE AID COM 767754104 6177 155400 SH DEFINED 0125 155400
RITE AID COM 767754104 31800 800000 SH DEFINED 011516 800000
RITE AID COM 767754104 3220 81000 SH DEFINED 011619 81000
RITE AID COM 767754104 3359 84500 SH DEFINED 011620 84500
RITE AID COM 767754104 13913 350000 SH DEFINED 011614 350000
RITE AID COM 767754104 135940 3419557 SH DEFINED 0102 3419557
RITE AID COM 767754104 19987 502810 SH DEFINED 0131 502810
RITE AID COM 767754104 3476 87443 SH DEFINED 0103 87443
RITE AID COM 767754104 2385 60000 SH DEFINED 01 60000
ROBERT HALF INTL INC COM 770323103 25602 744800 SH DEFINED 0102 744800
ROBERT HALF INTL INC COM 770323103 14561 423600 SH DEFINED 0131 423600
ROBERT HALF INTL INC COM 770323103 1105 32150 SH DEFINED 0103 32150
ROCKWELL INT CORP COM 773903109 30438 500000 SH DEFINED 0113 500000
ROCKWELL INT CORP COM 773903109 14020 230300 SH DEFINED 0125 230300
ROCKWELL INT CORP COM 773903109 25653 421400 SH DEFINED 0102 421400
ROCKWELL INT CORP COM 773903109 24350 400000 SH DEFINED 0131 400000
ROCKWELL INT CORP COM 773903109 2730 44852 SH DEFINED 0103 44852
ROGERS COM LY PUT/98 CONV BOND 775109AD3 25269 65000000 PRN DEFINED 011516 65000000
ROHM & HAAS CO COM 775371107 691 8460 SH DEFINED 0103 8460
ROHR INDUSTRIES INC COM 775422108 22625 1000000 SH DEFINED 011516 1000000
ROHR INDUSTRIES INC COM 775422108 264 11700 SH DEFINED 0102 11700
ROHR INDUSTRIES INC COM 775422108 6812 301100 SH DEFINED 0131 301100
ROHR INDUSTRIES INC COM 775422108 405 17900 SH DEFINED 0103 17900
ROHR INDUSTRIES INC COM 775422108 5534 244600 SH DEFINED 01 244600
ROOSEVELT FINANCIAL COM 776493108 6825 325000 SH DEFINED 0128 325000
ROWAN COMPANIES INC COM 779382100 3394 150000 SH DEFINED 011619 150000
ROWAN COMPANIES INC COM 779382100 14706 650000 SH DEFINED 011614 650000
ROWAN COMPANIES INC COM 779382100 445 19701 SH DEFINED 0102 19701
ROWAN COMPANIES INC COM 779382100 241 10645 SH DEFINED 0103 10645
ROWAN COMPANIES INC COM 779382100 1086 48000 SH DEFINED 01 48000
PRICE ROWE INT'L FD COM 77956H203 4 309 SH DEFINED 01 309
ROYAL DUTCH PETE NEW COM 780257705 34150 200000 SH DEFINED 0130 200000
ROYAL DUTCH PETE NEW COM 780257705 102450 600000 SH DEFINED 0126 600000
ROYAL DUTCH PETE NEW COM 780257705 38419 225000 SH DEFINED 0113 225000
<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
ROYAL DUTCH PETE NEW COM 780257705 40980 240000 SH DEFINED 0124 240000
ROYAL DUTCH PETE NEW COM 780257705 27849 163100 SH DEFINED 0125 163100
ROYAL DUTCH PETE NEW COM 780257705 23051 135000 SH DEFINED 0107 135000
ROYAL DUTCH PETE NEW COM 780257705 24905 145862 SH DEFINED 0102 145862
ROYAL DUTCH PETE NEW COM 780257705 29881 175000 SH DEFINED 0131 175000
ROYAL DUTCH PETE NEW COM 780257705 17321 101435 SH DEFINED 0103 101435
ROYAL DUTCH PETE NEW COM 780257705 14889 87200 SH DEFINED 01 87200
KPN ADR COM 780641205 30300 800000 SH DEFINED 0113 800000
KPN ADR COM 780641205 20831 550000 SH DEFINED 0131 550000
KPN ADR COM 780641205 833 22000 SH DEFINED 0103 22000
RUBBERMAID COM 781088109 0 1 SH DEFINED 0102 1
RUBBERMAID COM 781088109 426 18747 SH DEFINED 0103 18747
RUSSELL CORP COM 782352108 143 4822 SH DEFINED 0103 4822
RUTHERFORD MORAN COM 783286107 2800 100000 SH DEFINED 0135 100000
RYDER SYSTEM COM 783549108 291 10356 SH DEFINED 0103 10356
SBC COMMUNICATIONS COM 78387G103 38813 750000 SH DEFINED 0113 750000
SBC COMMUNICATIONS COM 78387G103 28463 550000 SH DEFINED 0131 550000
SBC COMMUNICATIONS COM 78387G103 5168 99853 SH DEFINED 0103 99853
SGL CARBON COM 784188203 3266 78000 SH DEFINED 0135 78000
SGL CARBON COM 784188203 301 7200 SH DEFINED 0102 7200
SGL CARBON COM 784188203 3141 75000 SH DEFINED 01 75000
SGS-THOMSON MICROELE COM 784213100 21000 300000 SH DEFINED 0111 300000
SGS-THOMSON MICROELE COM 784213100 98000 1400000 SH DEFINED 011516 1400000
SGS-THOMSON MICROELE COM 784213100 55760 796525 SH DEFINED 0102 796525
SGS-THOMSON MICROELE COM 784213100 17437 249100 SH DEFINED 01 249100
SALOMON INC TRT PFD PREFERRED STOCK 784252207 8670 340000 SH DEFINED 0129 340000
SALOMON INC TRT PFD PREFERRED STOCK 784252207 10200 400000 SH DEFINED 0104 400000
SABRE GROUP HLDGS COM 785905100 4878 175000 SH DEFINED 0108 175000
SAFECO CORP COM 786429100 33522 850000 SH DEFINED 0113 850000
SAFECO CORP COM 786429100 12620 320000 SH DEFINED 0107 320000
SAFECO CORP COM 786429100 21691 550000 SH DEFINED 0131 550000
SAFECO CORP COM 786429100 1542 39110 SH DEFINED 0103 39110
SAFETY-KLEEN COM 786484105 118 7201 SH DEFINED 0103 7201
SAFEWAY INC. COM 786514208 42750 1000000 SH DEFINED 0130 1000000
SAFEWAY INC. COM 786514208 12825 300000 SH DEFINED 0108 300000
SAFEWAY INC. COM 786514208 119700 2800000 SH DEFINED 0126 2800000
SAFEWAY INC. COM 786514208 3420 80000 SH DEFINED 011619 80000
SAFEWAY INC. COM 786514208 15390 360000 SH DEFINED 011614 360000
SAFEWAY INC. COM 786514208 77052 1802310 SH DEFINED 0102 1802310
SAFEWAY INC. COM 786514208 1112 26000 SH DEFINED 0103 26000
SAFEWAY INC. COM 786514208 14621 342000 SH DEFINED 01 342000
ST JOHN KNITS INC COM 790289102 13050 300000 SH DEFINED 0111 300000
ST JUDE MEDICAL COM 790849103 6 150 SH DEFINED 0102 150
ST JUDE MEDICAL COM 790849103 440 10313 SH DEFINED 0103 10313
ST PAUL COMPANIES COM 792860108 36641 625000 SH DEFINED 0113 625000
ST PAUL COMPANIES COM 792860108 26381 450000 SH DEFINED 0131 450000
ST PAUL COMPANIES COM 792860108 4667 79617 SH DEFINED 0103 79617
SAKS HOLDINGS CVT CONV BOND 79377RAA7 4420 4850000 PRN DEFINED 0130 4850000
SAKS HOLDINGS CVT CONV BOND 79377RAA7 4647 5100000 PRN DEFINED 0104 5100000
SAKS HOLDINGS CVT CONV BOND 79377RAA7 3463 3800000 PRN DEFINED 0109 3800000
<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
SAKS HOLDINGS CVT CONV BOND 79377RAA7 2506 2750000 PRN DEFINED 011621 2750000
SAKS FIFTH AVENUE COM 79377R109 1677 62100 SH DEFINED 011620 62100
SBH-APPLIED MAT ELK CONV PFD STOCK 7954QBN38 20585 515000 SH DEFINED 0130 515000
SALOMON INC. COM 79549B107 631 13386 SH DEFINED 0103 13386
SBH-HEWLETT ELK76 37 CONV PFD STOCK 79549B446 10731 100000 SH DEFINED 011618 100000
CINCINATTI BELL CVT CONV BOND 79549B867 75 125000 PRN DEFINED 0132 125000
SBH-COMPAQ COMPUTER CONV PFD STOCK 79549QBU7 22194 380000 SH DEFINED 0130 380000
SBH UTX ELK CONV PFD STOCK 79549QCY8 13550 186000 SH DEFINED 0107 186000
SAN DIEGO G&E $25 PREFERRED STOCK 797440831 1577 59500 SH DEFINED 0105 59500
SANMINA CORP COM 800907107 11300 200000 SH DEFINED 0106 200000
SANMINA CORP COM 800907107 3560 63000 SH DEFINED 011619 63000
SANMINA CORP COM 800907107 14125 250000 SH DEFINED 011614 250000
SANMINA CORP COM 800907107 973 17219 SH DEFINED 0102 17219
SANMINA CORP COM 800907107 1130 20000 SH DEFINED 01 20000
SANTA FE ENERGY RES COM 802012104 2289 165000 SH DEFINED 011619 165000
SANTA FE ENERGY RES COM 802012104 9019 650000 SH DEFINED 011614 650000
SANTA FE ENERGY RES COM 802012104 157 11329 SH DEFINED 0103 11329
SANTA FE PAC GOLD CO COM 802176107 253 16444 SH DEFINED 0103 16444
SARA LEE CORP COM 803111103 1527 41000 SH DEFINED 011620 41000
SARA LEE CORP COM 803111103 2310 62010 SH DEFINED 0103 62010
SASOL LTD ADR COM 803866300 0 1 SH DEFINED 0102 1
SCANDINAVIAN BROAD CONV BOND 805906AA2 14531 15000000 PRN DEFINED 0130 15000000
SCANDINAVIAN BROAD CONV BOND 805906AA2 5425 5600000 PRN DEFINED 0104 5600000
SCANDINAVIAN BROAD CONV BOND 805906AA2 3613 3730000 PRN DEFINED 0109 3730000
SCANDINAVIAN BROAD CONV BOND 805906AA2 4359 4500000 PRN DEFINED 0135 4500000
SCANDINAVIAN BROAD CONV BOND 805906AA2 4524 4670000 PRN DEFINED 011621 4670000
SCHERING PLOUGH COM 806605101 35613 550000 SH DEFINED 0130 550000
SCHERING PLOUGH COM 806605101 37231 575000 SH DEFINED 0113 575000
SCHERING PLOUGH COM 806605101 22378 345600 SH DEFINED 0124 345600
SCHERING PLOUGH COM 806605101 14193 219200 SH DEFINED 0125 219200
SCHERING PLOUGH COM 806605101 10036 155000 SH DEFINED 0107 155000
SCHERING PLOUGH COM 806605101 1658 25600 SH DEFINED 011620 25600
SCHERING PLOUGH COM 806605101 109411 1689738 SH DEFINED 0102 1689738
SCHERING PLOUGH COM 806605101 27519 425000 SH DEFINED 0131 425000
SCHERING PLOUGH COM 806605101 5982 92380 SH DEFINED 0103 92380
SCHERING PLOUGH COM 806605101 4856 75000 SH DEFINED 01 75000
SCHLUMBERGER LTD COM 806857108 39950 400000 SH DEFINED 0130 400000
SCHLUMBERGER LTD COM 806857108 9988 100000 SH DEFINED 0108 100000
SCHLUMBERGER LTD COM 806857108 69913 700000 SH DEFINED 0126 700000
SCHLUMBERGER LTD COM 806857108 39950 400000 SH DEFINED 0111 400000
SCHLUMBERGER LTD COM 806857108 16080 161000 SH DEFINED 0124 161000
SCHLUMBERGER LTD COM 806857108 22392 224200 SH DEFINED 0125 224200
SCHLUMBERGER LTD COM 806857108 4994 50000 SH DEFINED 0135 50000
SCHLUMBERGER LTD COM 806857108 4994 50000 SH DEFINED 011622 50000
SCHLUMBERGER LTD COM 806857108 9988 100000 SH DEFINED 011623 100000
SCHLUMBERGER LTD COM 806857108 6991 70000 SH DEFINED 011614 70000
SCHLUMBERGER LTD COM 806857108 11641 116547 SH DEFINED 0102 116547
SCHLUMBERGER LTD COM 806857108 4658 46636 SH DEFINED 0103 46636
SCHWAB CHARLES CORP COM 808513105 3168 99000 SH DEFINED 011619 99000
SCHWAB CHARLES CORP COM 808513105 12800 400000 SH DEFINED 011614 400000
<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
SCIENTIFIC ATLANTA COM 808655104 144 9604 SH DEFINED 0103 9604
SEAGATE TECHNOLOGY COM 811804103 798 20200 SH DEFINED 0125 20200
SEAGATE TECHNOLOGY COM 811804103 1280 32404 SH DEFINED 0103 32404
SEAGRAM LTD COM 811850106 1855 47872 SH DEFINED 0103 47872
SEAGULL ENERGY CORP COM 812007102 7700 350000 SH DEFINED 0106 350000
SEALED AIR CORP COM 812115103 8325 200000 SH DEFINED 0106 200000
SEALED AIR CORP COM 812115103 2789 67000 SH DEFINED 011619 67000
SEALED AIR CORP COM 812115103 12488 300000 SH DEFINED 011614 300000
SEALED AIR CORP COM 812115103 1436 34500 SH DEFINED 01 34500
SEAMED CORP COM 812182103 1088 100000 SH DEFINED 011619 100000
SEARS ROEBUCK & CO COM 812387108 56134 1216950 SH DEFINED 0102 1216950
SEARS ROEBUCK & CO COM 812387108 2305 49973 SH DEFINED 0103 49973
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 4631 216666 SH DEFINED 0132 216666
SECURITY CAPITAL IND COM 814138103 5023 235000 SH DEFINED 0107 235000
SECURITY PACIFIC TRT CONV PFD STOCK 814141206 4180 136500 SH DEFINED 0104 136500
SECURITY PACIFIC TRT CONV PFD STOCK 814141206 2251 73500 SH DEFINED 011621 73500
SENSORMATIC ELECT COM 817265101 52344 3125000 SH DEFINED 011516 3125000
SERVICE CORP INTL COM 817565104 22400 800000 SH DEFINED 0130 800000
SERVICE CORP INTL COM 817565104 67200 2400000 SH DEFINED 0111 2400000
SERVICE CORP INTL COM 817565104 16755 598400 SH DEFINED 0124 598400
SERVICE CORP INTL COM 817565104 11914 425500 SH DEFINED 0125 425500
SERVICE CORP INTL COM 817565104 3640 130000 SH DEFINED 011622 130000
SERVICE CORP INTL COM 817565104 8120 290000 SH DEFINED 011623 290000
SERVICE CORP INTL COM 817565104 16800 600000 SH DEFINED 011618 600000
SERVICE CORP INTL COM 817565104 2716 97000 SH DEFINED 011620 97000
SERVICE CORP INTL COM 817565104 12224 436700 SH DEFINED 0102 436700
SERVICE CORP INTL COM 817565104 11785 420900 SH DEFINED 0131 420900
SERVICE CORP INTL COM 817565104 3013 107591 SH DEFINED 0103 107591
SHARED MED SYSTEMS COM 819486101 143 2912 SH DEFINED 0103 2912
SHELDAHL INC COM 822440103 9 500 SH DEFINED 0102 500
SHELL TRANSPORT & COM 822703609 4095 40000 SH DEFINED 0132 40000
SHELL TRANSPORT & COM 822703609 30713 300000 SH DEFINED 011618 300000
SHERWIN WILLIAMS COM 824348106 18200 325000 SH DEFINED 0108 325000
SHERWIN WILLIAMS COM 824348106 1266 22600 SH DEFINED 0124 22600
SHERWIN WILLIAMS COM 824348106 526 9400 SH DEFINED 0125 9400
SHERWIN WILLIAMS COM 824348106 2240 40000 SH DEFINED 011620 40000
SHERWIN WILLIAMS COM 824348106 62228 1111170 SH DEFINED 0102 1111170
SHERWIN WILLIAMS COM 824348106 612 10925 SH DEFINED 0103 10925
SHERWIN WILLIAMS COM 824348106 56 1000 SH DEFINED 01 1000
SHIVA CORP COM 824851109 9591 275000 SH DEFINED 0106 275000
SHOPKO STORES COM 824911101 20286 1352374 SH DEFINED 0103 1352374
SHURGARD STORAGE CTR COM 82567D104 3035 102443 SH DEFINED 01 102443
SIDERAR ADR 144A COM 825862105 5813 250000 SH DEFINED 0135 250000
SIERRA PACIFIC RES COM 826425100 4600 160000 SH DEFINED 0128 160000
SIERRA PACIFIC RES COM 826425100 11500 400000 SH DEFINED 0132 400000
SIGMA-ALDRICH COM 826552101 33191 531666 SH DEFINED 0102 531666
SIGMA-ALDRICH COM 826552101 833 13338 SH DEFINED 0103 13338
SIGNET BANKING CORP COM 826681108 2588 84157 SH DEFINED 0103 84157
<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
SIG CORP COM 826912107 3463 100000 SH DEFINED 0132 100000
SILICON GRAPHICS INC COM 827056102 22950 900000 SH DEFINED 0130 900000
SILICON GRAPHICS INC COM 827056102 40800 1600000 SH DEFINED 0111 1600000
SILICON GRAPHICS INC COM 827056102 16085 630800 SH DEFINED 0124 630800
SILICON GRAPHICS INC COM 827056102 4067 159500 SH DEFINED 0125 159500
SILICON GRAPHICS INC COM 827056102 2652 104000 SH DEFINED 011619 104000
SILICON GRAPHICS INC COM 827056102 12885 505300 SH DEFINED 011614 505300
SILICON GRAPHICS INC COM 827056102 141677 5555841 SH DEFINED 0102 5555841
SILICON GRAPHICS INC COM 827056102 1554 60947 SH DEFINED 0103 60947
SILICON GRAPHICS INC COM 827056102 2026 79450 SH DEFINED 01 79450
SIMON DEBARTOLO GRP COM 828781104 15500 500000 SH DEFINED 0130 500000
SIMON DEBARTOLO GRP COM 828781104 20150 650000 SH DEFINED 0113 650000
SIMON DEBARTOLO GRP COM 828781104 5580 180000 SH DEFINED 0128 180000
SIMON DEBARTOLO GRP COM 828781104 7750 250000 SH DEFINED 0132 250000
SIMON DEBARTOLO GRP COM 828781104 5735 185000 SH DEFINED 0107 185000
SIMON DEBARTOLO GRP COM 828781104 15500 500000 SH DEFINED 0131 500000
SIMON DEBARTOLO GRP COM 828781104 868 28000 SH DEFINED 0103 28000
SMITH INTL COM 832110100 2244 50000 SH DEFINED 0135 50000
SMITH INTL COM 832110100 4039 90000 SH DEFINED 011619 90000
SMITH INTL COM 832110100 16828 375000 SH DEFINED 011614 375000
SMITH INTL COM 832110100 215 4800 SH DEFINED 0102 4800
SMITH INTL COM 832110100 5968 133000 SH DEFINED 0131 133000
SMITH INTL COM 832110100 332 7400 SH DEFINED 0103 7400
SMITHKLN BCHM PLCADR COM 832378301 34000 500000 SH DEFINED 0130 500000
SMITHKLN BCHM PLCADR COM 832378301 15300 225000 SH DEFINED 0108 225000
SMITHKLN BCHM PLCADR COM 832378301 115600 1700000 SH DEFINED 0126 1700000
SMITHKLN BCHM PLCADR COM 832378301 40800 600000 SH DEFINED 0113 600000
SMITHKLN BCHM PLCADR COM 832378301 14280 210000 SH DEFINED 0107 210000
SMITHKLN BCHM PLCADR COM 832378301 47600 700000 SH DEFINED 011516 700000
SMITHKLN BCHM PLCADR COM 832378301 42840 630000 SH DEFINED 011618 630000
SMITHKLN BCHM PLCADR COM 832378301 204 3000 SH DEFINED 0102 3000
SMITHKLN BCHM PLCADR COM 832378301 30600 450000 SH DEFINED 0131 450000
SMITHKLN BCHM PLCADR COM 832378301 1292 19000 SH DEFINED 0103 19000
SNAP ON INC COM 833034101 3171 89000 SH DEFINED 011620 89000
SNAP ON INC COM 833034101 276 7757 SH DEFINED 0103 7757
SOCIEDAD QUINICA COM 833635105 10825 200000 SH DEFINED 0135 200000
SOFTKEY CONV BOND 83402NAA7 12525 15000000 PRN DEFINED 0130 15000000
SOFTKEY CONV BOND 83402NAA7 10020 12000000 PRN DEFINED 0104 12000000
SOFTKEY CONV BOND 83402NAA7 2088 2500000 PRN DEFINED 0109 2500000
SOFTKEY CONV BOND 83402NAA7 7515 9000000 PRN DEFINED 0107 9000000
SOFTKEY CONV BOND 83402NAA7 4175 5000000 PRN DEFINED 011621 5000000
SOFTKEY CONV BOND 83402NAA7 27555 33000000 PRN DEFINED 011618 33000000
SOFTBRIDGE MICRO SYS COM 834020992 135 13500 SH DEFINED 01 13500
SOLA INTL COM 834092108 7600 200000 SH DEFINED 0111 200000
SOLA INTL COM 834092108 1140 30000 SH DEFINED 011622 30000
SOLA INTL COM 834092108 2660 70000 SH DEFINED 011623 70000
SOLA INTL COM 834092108 17880 470515 SH DEFINED 0102 470515
SOLA INTL COM 834092108 296 7785 SH DEFINED 0103 7785
SOLECTRON CORP COM 834182107 13344 250000 SH DEFINED 0108 250000
SOLECTRON CORP COM 834182107 3896 73000 SH DEFINED 0128 73000
<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
SOLECTRON CORP COM 834182107 33359 625000 SH DEFINED 0111 625000
SOLECTRON CORP COM 834182107 4270 80000 SH DEFINED 011622 80000
SOLECTRON CORP COM 834182107 8540 160000 SH DEFINED 011623 160000
SOLECTRON CORP COM 834182107 24019 450000 SH DEFINED 011516 450000
SOLECTRON CORP COM 834182107 1228 23000 SH DEFINED 011619 23000
SOLECTRON CORP COM 834182107 4644 87000 SH DEFINED 011614 87000
SOLECTRON CORP COM 834182107 665 12441 SH DEFINED 0102 12441
SOLECTRON CORP COM 834182107 1495 28000 SH DEFINED 01 28000
SONAT INC COM 835415100 7725 150000 SH DEFINED 0132 150000
SONAT INC COM 835415100 2936 57000 SH DEFINED 011619 57000
SONAT INC COM 835415100 12515 243000 SH DEFINED 011614 243000
SONAT INC COM 835415100 566 10981 SH DEFINED 0103 10981
SONIC CORP COM 835451105 2805 110000 SH DEFINED 011619 110000
SONIC CORP COM 835451105 10965 430000 SH DEFINED 011614 430000
SONY CORP ADRS COM 835699307 4640 70700 SH DEFINED 0135 70700
SOTHEBYS HLD CL-A COM 835898107 3073 165000 SH DEFINED 011619 165000
SOUTH AFRICA BREW COM 839901998 1900 75000 SH DEFINED 0130 75000
SE ASIA FRONTIER PPD COM 841335995 1188 250000 SH DEFINED 0135 250000
SO CA EDISON $100 PREFERRED STOCK 842400772 4357 45000 SH DEFINED 0105 45000
SO CA EDISON $100 PREFERRED STOCK 842400780 20781 202250 SH DEFINED 0105 202250
SO CA EDISON $100 PREFERRED STOCK 842400780 2055 20000 SH DEFINED 01 20000
SO CA EDISON $100 PREFERRED STOCK 842400780 514 5000 SH DEFINED 0116 5000
SOUTHERN CO. COM 842587107 21494 950000 SH DEFINED 0113 950000
SOUTHERN CO. COM 842587107 12557 555000 SH DEFINED 0107 555000
SOUTHERN CO. COM 842587107 17534 775000 SH DEFINED 0131 775000
SOUTHERN CO. COM 842587107 2786 123122 SH DEFINED 0103 123122
SO INDIANA G&E 100 PREFERRED STOCK 8431634@2 7320 75000 SH DEFINED 0105 75000
SOUTHERN NEW ENG TEL COM 843485103 11663 300000 SH DEFINED 0132 300000
SOUTHTRUST CORP COM 844730101 34875 1000000 SH DEFINED 011516 1000000
SOUTHTRUST CORP COM 844730101 2964 85000 SH DEFINED 011619 85000
SOUTHTRUST CORP COM 844730101 11334 325000 SH DEFINED 011614 325000
SOUTHWEST AIRLINES COM 844741108 13275 600000 SH DEFINED 011618 600000
SOUTHWEST AIRLINES COM 844741108 132 6000 SH DEFINED 0102 6000
SOUTHWEST AIRLINES COM 844741108 408 18420 SH DEFINED 0103 18420
SPECIALTY FOODS ACQ COM 847498102 150 300000 SH DEFINED 0109 300000
SPECIALTY FOODS ACQ COM 847498102 8 15000 SH DEFINED 011621 15000
SPINE TECH COM 848927109 6875 275000 SH DEFINED 0106 275000
SPRINGS INDS INC COM 851783100 107 2480 SH DEFINED 0103 2480
SPRINT CORP COM 852061100 2194 55013 SH DEFINED 0103 55013
STABLE CAPITAL FUND COM 852300987 1098532 87679082 SH DEFINED 0103 87679082
STAGESTORE INC COM 85254C107 5475 300000 SH DEFINED 011614 300000
STANDEX INTERNATIONA COM 854231107 4014 130000 SH DEFINED 0128 130000
STANHOME INC COM 854425105 4373 165000 SH DEFINED 0128 165000
STANLEY WORKS THE COM 854616109 305 11303 SH DEFINED 0103 11303
STAPLES INC COM 855030102 18 1000 SH DEFINED 0102 1000
STATE STREET BOSTON COM 857473102 109650 1700000 SH DEFINED 0126 1700000
STATE STREET BOSTON COM 857473102 122550 1900000 SH DEFINED 011516 1900000
STATION CASINO COM 857689103 3341 330000 SH DEFINED 0128 330000
STATION CASINOS $50 CONV PFD STOCK 857689202 5266 110000 SH DEFINED 0130 110000
STATION CASINOS $50 CONV PFD STOCK 857689202 1436 30000 SH DEFINED 0104 30000
<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
STATION CASINOS $50 CONV PFD STOCK 857689202 2394 50000 SH DEFINED 0109 50000
STATION CASINOS $50 CONV PFD STOCK 857689202 718 15000 SH DEFINED 0124 15000
STATION CASINOS $50 CONV PFD STOCK 857689202 718 15000 SH DEFINED 011621 15000
STEIN MART INC COM 858375108 3088 152500 SH DEFINED 011619 152500
STERIS CORP COM 859152100 47850 1100000 SH DEFINED 011516 1100000
STERLING COMMERCE COM 859205106 11228 318520 SH DEFINED 0130 318520
STERLING COMMERCE COM 859205106 10575 300000 SH DEFINED 0106 300000
STERLING COMMERCE COM 859205106 35250 1000000 SH DEFINED 011516 1000000
STERLING COMMERCE COM 859205106 1692 48000 SH DEFINED 011620 48000
STERLING COMMERCE COM 859205106 10513 298251 SH DEFINED 0102 298251
STERLING COMMERCE COM 859205106 267 7588 SH DEFINED 0103 7588
STERLING SOFTWARE IN COM 859547101 6325 200000 SH DEFINED 0130 200000
STERLING SOFTWARE IN COM 859547101 854 27000 SH DEFINED 011620 27000
STERLING SOFTWARE IN COM 859547101 5039 159410 SH DEFINED 0102 159410
STERLING SOFTWARE IN COM 859547101 131 4140 SH DEFINED 0103 4140
STEWART & STEVENSON COM 860342104 4660 160000 SH DEFINED 0128 160000
STEWART ENTERPRISES COM 860370105 279 8200 SH DEFINED 0102 8200
STEWART ENTERPRISES COM 860370105 7776 228700 SH DEFINED 0131 228700
STEWART ENTERPRISES COM 860370105 367 10800 SH DEFINED 0103 10800
STILLWATER MINING COM 860490994 3089 170454 SH DEFINED 0127 170454
STILLWATER MINING CO COM 86074Q102 9063 500000 SH DEFINED 0130 500000
STILLWATER MINING CO COM 86074Q102 8609 475000 SH DEFINED 0106 475000
STILLWATER MINING CO COM 86074Q102 7250 400000 SH DEFINED 0111 400000
STILLWATER MINING CO COM 86074Q102 2719 150000 SH DEFINED 0135 150000
STILLWATER MINING CO COM 86074Q102 8519 470000 SH DEFINED 011516 470000
STILLWATER MINING CO COM 86074Q102 1813 100000 SH DEFINED 011619 100000
STILLWATER MINING CO COM 86074Q102 1033 57000 SH DEFINED 01 57000
STILLWATER MINING COM 86074Q904 8156 450000 SH DEFINED 0135 450000
STONE CONTAINER COM 861589109 7 500 SH DEFINED 0125 500
STONE CONTAINER COM 861589109 59500 4000000 SH DEFINED 011516 4000000
STONE CONTAINER COM 861589109 269 18081 SH DEFINED 0103 18081
STORAGE USA COM 861907103 3386 90000 SH DEFINED 0107 90000
STORAGE TRUST REALTY COM 861909109 4590 170000 SH DEFINED 0107 170000
STOREMEDIA COM 862221108 313 19400 SH DEFINED 011619 19400
STOREMEDIA COM 862221108 1219 75600 SH DEFINED 011614 75600
STRATASYS INC COM 862685104 24 1200 SH DEFINED 0102 1200
STRATEGIST GRWTH COM 86278W103 55 1966 SH DEFINED 01 1966
STRATEGIST GRTH TRND COM 86278W202 57 2637 SH DEFINED 01 2637
STRATEGIST SPEC GROW COM 86278W301 551 100267 SH DEFINED 01 100267
STRATEGIST HIGH YLD COM 86278X101 534 121373 SH DEFINED 01 121373
STRATEGIST GVT INC COM 86278X200 526 106312 SH DEFINED 01 106312
STRATEGIST QLTY INC COM 86278X309 535 57498 SH DEFINED 01 57498
STRATEGIST EQTY INC COM 862788106 578 59540 SH DEFINED 01 59540
STRATEGIST TOTAL RET COM 862788205 555 43117 SH DEFINED 01 43117
STRATEGIST BAL FND COM 862788304 563 38647 SH DEFINED 01 38647
STRATEGIST EQTY FND COM 862788403 567 23710 SH DEFINED 01 23710
STRATEGIST TAX FREE COM 862789104 531 116883 SH DEFINED 01 116883
STRATEGIST WORLD INC COM 862790102 546 86080 SH DEFINED 01 86080
STRATEGIST WLD GRTH COM 862790201 500 68854 SH DEFINED 01 68854
STRATEGIST EMERG MKT COM 862790300 510 100287 SH DEFINED 01 100287
<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
STRATEGIST WORLD TEC COM 862790409 491 100000 SH DEFINED 01 100000
STRIDE RITE CORP COM 863314100 61 6149 SH DEFINED 0103 6149
SUN COMMUNITIES INC COM 866674104 6210 180000 SH DEFINED 0128 180000
SUN COMMUNITIES INC COM 866674104 6900 200000 SH DEFINED 0106 200000
SUN COMMUNITIES INC COM 866674104 5175 150000 SH DEFINED 0107 150000
SUN COM 866762107 226 9260 SH DEFINED 0103 9260
SUN MICROSYSTEMS INC COM 866810104 33908 1320000 SH DEFINED 011516 1320000
SUN MICROSYSTEMS INC COM 866810104 1207 46990 SH DEFINED 0103 46990
SUN AMERICA COM 866930100 3062 69000 SH DEFINED 011619 69000
SUN AMERICA COM 866930100 12248 276000 SH DEFINED 011614 276000
SUN AM CVT PFD PERC CONV PFD STOCK 866930860 21125 500000 SH DEFINED 0130 500000
SUN AM CVT PFD PERC CONV PFD STOCK 866930860 16266 385000 SH DEFINED 0107 385000
SUNBEAM-OSTER INC COM 867071102 2175 84477 SH DEFINED 0103 84477
SUNDSTRAND CORP COM 867323107 6078 143000 SH DEFINED 01 143000
SUNRISE MEDICAL COM 867910101 4560 287257 SH DEFINED 0103 287257
SUNTRUST BANKS INC COM 867914103 1400 28430 SH DEFINED 0103 28430
SUPERIOR CONSULTANT COM 868146101 4950 200000 SH DEFINED 011516 200000
SUPERIOR SERVICES COM 868316100 7131 350000 SH DEFINED 011516 350000
SUPERVALU INC COM 868536103 1 22 SH DEFINED 0102 22
SUPERVALU INC COM 868536103 243 8563 SH DEFINED 0103 8563
SWIFT ENERGY CO COM 870738101 2539 85000 SH DEFINED 011619 85000
SWIFT ENERGY CO COM 870738101 10456 350000 SH DEFINED 011614 350000
SWISHER INTL GRP COM 870809100 911 57400 SH DEFINED 011619 57400
SWISHER INTL GRP COM 870809100 3500 220500 SH DEFINED 011614 220500
SYBRON CORP COM 87114F106 21450 650000 SH DEFINED 0106 650000
SYBRON CORP COM 87114F106 36329 1100875 SH DEFINED 0102 1100875
SYBRON CORP COM 87114F106 3442 104300 SH DEFINED 0131 104300
SYBRON CORP COM 87114F106 5653 171327 SH DEFINED 0103 171327
SYBRON CORP COM 87114F106 479 14500 SH DEFINED 01 14500
SYMBOL TECHNOLOGIES COM 871508107 17700 400000 SH DEFINED 011516 400000
SYNOPSYS INC COM 871607107 2313 50000 SH DEFINED 011619 50000
SYNOPSYS INC COM 871607107 9250 200000 SH DEFINED 011614 200000
SYNOPSYS INC COM 871607107 24209 523390 SH DEFINED 0102 523390
SYNOPSYS INC COM 871607107 14869 321500 SH DEFINED 0131 321500
SYNOPSYS INC COM 871607107 1358 29360 SH DEFINED 0103 29360
SYSCO CORPORATION COM 871829107 11419 350000 SH DEFINED 0108 350000
SYSCO CORPORATION COM 871829107 70 2131 SH DEFINED 0102 2131
SYSCO CORPORATION COM 871829107 757 23211 SH DEFINED 0103 23211
TCF FINL CORP MPLS COM 872275102 7178 165000 SH DEFINED 0128 165000
TCI SATELLITE ENTERT COM 872298104 1 147 SH DEFINED 0102 147
TECO ENERGY COM 872375100 10253 425000 SH DEFINED 0132 425000
TIG HOLDINGS COM 872469101 10163 300000 SH DEFINED 0108 300000
TIG HOLDINGS COM 872469101 3218 95000 SH DEFINED 011618 95000
TIG HOLDINGS COM 872469101 129636 3826902 SH DEFINED 0102 3826902
TIG HOLDINGS COM 872469101 385 11350 SH DEFINED 0103 11350
TJX COS COM 872540109 3127 66000 SH DEFINED 011619 66000
TJX COS COM 872540109 11844 250000 SH DEFINED 011614 250000
TJX COS COM 872540109 437 9222 SH DEFINED 0103 9222
TRW COM 872649108 28385 573435 SH DEFINED 0103 573435
TRW COM 872649108 6089 123000 SH DEFINED 01 123000
<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
TSL HOLDINGS INC COM 872918107 0 15 SH DEFINED 0102 15
TSL HOLDINGS INC COM 872918107 0 2 SH DEFINED 0103 2
TVX GOLD INC COM 87308K101 3907 500000 SH DEFINED 0127 500000
TAIWAN FUND COM 874036106 6230 280000 SH DEFINED 0112 280000
TAIWAN FUND COM 874036106 3338 150000 SH DEFINED 0135 150000
TAIWAN FUND COM 874036106 7182 322800 SH DEFINED 011617 322800
TANDEM COMPUTERS COM 875370108 202 14677 SH DEFINED 0103 14677
TANDY CORP COM 875382103 334 7601 SH DEFINED 0103 7601
TARGET THERAPEUTICS COM 875919102 8787 209200 SH DEFINED 0102 209200
TARGET THERAPEUTICS COM 875919102 3410 81200 SH DEFINED 0131 81200
TARGET THERAPEUTICS COM 875919102 319 7600 SH DEFINED 0103 7600
TATA ENGINEERING NEW COM 876568304 5313 500000 SH DEFINED 0135 500000
TECH DATA CORP COM 878237106 13688 500000 SH DEFINED 0106 500000
TECH DATA CORP COM 878237106 644 23539 SH DEFINED 0102 23539
TECH DATA CORP COM 878237106 1151 42030 SH DEFINED 01 42030
TECNOL MEDICAL PRODU COM 878755107 4538 300000 SH DEFINED 0128 300000
TEKTRONIX COM 879131100 213 4161 SH DEFINED 0103 4161
TEL-SAVE HOLDINGS COM 879176105 1740 60000 SH DEFINED 011619 60000
TEL-SAVE HOLDINGS COM 879176105 6960 240000 SH DEFINED 011614 240000
TELE COMMUN INTL INC CONV BOND 87924HAA0 7925 10000000 PRN DEFINED 0130 10000000
TELE COMMUN INTL INC CONV BOND 87924HAA0 3764 4750000 PRN DEFINED 0135 4750000
TELE COMMUN INTL INC CONV BOND 87924HAA0 198 250000 PRN DEFINED 011620 250000
TELE-COMMUNICATION A COM 87924V101 19 1475 SH DEFINED 0102 1475
TELE-COMMUNICATION A COM 87924V101 1068 81741 SH DEFINED 0103 81741
LIBERTY MEDIA CL A COM 87924V507 1607 56250 SH DEFINED 011620 56250
TELE DANMARK ADS COM 879242105 28613 1050000 SH DEFINED 0113 1050000
TELE DANMARK ADS COM 879242105 21800 800000 SH DEFINED 0131 800000
TELE DANMARK ADS COM 879242105 899 33000 SH DEFINED 0103 33000
TELE DANMARK ADS COM 879242105 1016 37285 SH DEFINED 01 37285
TELECOM ARGENTINA - COM 879273209 5047 125000 SH DEFINED 0135 125000
TELEBRAS ADR COM 879287100 11475 150000 SH DEFINED 0132 150000
TELEBRAS ADR COM 879287100 3137 41000 SH DEFINED 0124 41000
TELEBRAS ADR COM 879287100 6350 83000 SH DEFINED 0112 83000
TELEBRAS ADR COM 879287100 9563 125000 SH DEFINED 0135 125000
TELEBRAS ADR COM 879287100 7650 100000 SH DEFINED 011618 100000
TELEBRAS ADR COM 879287100 4093 53500 SH DEFINED 011620 53500
TELEBRAS ADR COM 879287100 8415 110000 SH DEFINED 011617 110000
TELEFLEX INC COM 879369106 10425 200000 SH DEFINED 0108 200000
TELEFONICA DE ESPANA COM 879382208 20083 290000 SH DEFINED 0132 290000
TELEFONICA DE ESPANA COM 879382208 2355 34000 SH DEFINED 011620 34000
TELEFONICA DEL PERU COM 879384105 2586 137000 SH DEFINED 0124 137000
TELEFONICA DEL PERU COM 879384105 5191 275000 SH DEFINED 0112 275000
TELEFONICA DEL PERU COM 879384105 2897 153500 SH DEFINED 0135 153500
TELEFONICA DEL PERU COM 879384105 6606 350000 SH DEFINED 011617 350000
TELEFONICA DEL PERU COM 879384105 378 20000 SH DEFINED 01 20000
TELLABS COM 879664100 75250 2000000 SH DEFINED 0126 2000000
TELLABS COM 879664100 90300 2400000 SH DEFINED 0111 2400000
TELLABS COM 879664100 11288 300000 SH DEFINED 011622 300000
TELLABS COM 879664100 22575 600000 SH DEFINED 011623 600000
TELLABS COM 879664100 3010 80000 SH DEFINED 011619 80000
<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
TELLABS COM 879664100 12793 340000 SH DEFINED 011614 340000
TELLABS COM 879664100 63186 1679374 SH DEFINED 0102 1679374
TELLABS COM 879664100 20980 557600 SH DEFINED 0131 557600
TELLABS COM 879664100 3437 91350 SH DEFINED 0103 91350
TEMPLE INLAND COM 879868107 1856 34300 SH DEFINED 0124 34300
TEMPLE INLAND COM 879868107 682 12600 SH DEFINED 0125 12600
TEMPLE INLAND COM 879868107 59 1100 SH DEFINED 0102 1100
TEMPLE INLAND COM 879868107 383 7067 SH DEFINED 0103 7067
TELETECH HLDGS INC COM 879939106 6500 250000 SH DEFINED 011614 250000
TEMPLETON DRAGON FD COM 88018T101 6 400 SH DEFINED 0102 400
TEMPLETON FOREIGN COM 880196209 4741 457579 SH DEFINED 0103 457579
TENCOR INSTRUMENTS COM 880323100 7913 300000 SH DEFINED 0106 300000
TENET HEALTHCARE COR COM 88033G100 15313 700000 SH DEFINED 0130 700000
TENET HEALTHCARE COR COM 88033G100 10938 500000 SH DEFINED 0108 500000
TENET HEALTHCARE COR COM 88033G100 6563 300000 SH DEFINED 0124 300000
TENET HEALTHCARE COR COM 88033G100 1608 73500 SH DEFINED 0125 73500
TENET HEALTHCARE COR COM 88033G100 35000 1600000 SH DEFINED 011516 1600000
TENET HEALTHCARE COR COM 88033G100 2669 122000 SH DEFINED 011619 122000
TENET HEALTHCARE COR COM 88033G100 10500 480000 SH DEFINED 011614 480000
TENET HEALTHCARE COR COM 88033G100 36890 1686403 SH DEFINED 0102 1686403
TENET HEALTHCARE COR COM 88033G100 1497 68435 SH DEFINED 0103 68435
TENET HEALTHCARE COR COM 88033G100 634 29000 SH DEFINED 01 29000
TENNECO INC COM 88037E101 2798 62000 SH DEFINED 0124 62000
TENNECO INC COM 88037E101 3019 66900 SH DEFINED 0125 66900
TENNECO INC COM 88037E101 217 4800 SH DEFINED 0102 4800
TENNECO INC COM 88037E101 982 21760 SH DEFINED 0103 21760
TERADYNE INC COM 880770102 28031 1150000 SH DEFINED 011516 1150000
TESORO PETROLEUM COM 881609101 2100 150000 SH DEFINED 011619 150000
TEXACO COM 881694103 18722 190800 SH DEFINED 0107 190800
TEXACO COM 881694103 3368 34327 SH DEFINED 0103 34327
TEXAS INSTRUMENTS COM 882508104 19125 300000 SH DEFINED 0111 300000
TEXAS INSTRUMENTS COM 882508104 1541 24178 SH DEFINED 0103 24178
TEXAS UTILITIES COM 882848104 6113 150000 SH DEFINED 0132 150000
TEXAS UTILITIES COM 882848104 1170 28714 SH DEFINED 0103 28714
TEXAS UTILITIES PREFERRED STOCK 882850431 5414 54000 SH DEFINED 0105 54000
TEXTRON INC COM 883203101 14138 150000 SH DEFINED 0113 150000
TEXTRON INC COM 883203101 9425 100000 SH DEFINED 0131 100000
TEXTRON INC COM 883203101 1495 15859 SH DEFINED 0103 15859
THERMO ELECTRON CVT CONV BOND 883556AF9 1946 1600000 PRN DEFINED 011619 1600000
THERMO ELECTRON CVT CONV BOND 883556AF9 9122 7500000 PRN DEFINED 011614 7500000
THERMO-ELECTRON COM 883556102 654 15850 SH DEFINED 0103 15850
THIOKOL CORP COM 884103102 8950 200000 SH DEFINED 0108 200000
THOMAS & BETTS COM 884315102 265 5974 SH DEFINED 0124 5974
THOMAS & BETTS COM 884315102 17972 405000 SH DEFINED 0107 405000
THOMAS & BETTS COM 884315102 33281 750000 SH DEFINED 011516 750000
THOMAS & BETTS COM 884315102 24406 550000 SH DEFINED 0131 550000
THOMAS & BETTS COM 884315102 1335 30093 SH DEFINED 0103 30093
THOMAS & BETTS COM 884315102 3550 80000 SH DEFINED 01 80000
3 COM CORP COM 885535104 146750 2000000 SH DEFINED 0126 2000000
3 COM CORP COM 885535104 11102 151300 SH DEFINED 0124 151300
<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
3 COM CORP COM 885535104 6435 87700 SH DEFINED 0125 87700
3 COM CORP COM 885535104 36688 500000 SH DEFINED 011516 500000
3 COM CORP COM 885535104 36688 500000 SH DEFINED 011618 500000
3 COM CORP COM 885535104 5063 69000 SH DEFINED 011619 69000
3 COM CORP COM 885535104 20325 277000 SH DEFINED 011614 277000
3 COM CORP COM 885535104 285562 3891791 SH DEFINED 0102 3891791
3 COM CORP COM 885535104 32982 449500 SH DEFINED 0131 449500
3 COM CORP COM 885535104 6812 92824 SH DEFINED 0103 92824
3 COM CORP COM 885535104 20765 283000 SH DEFINED 01 283000
TIME WARNER INC COM 887315109 24375 650000 SH DEFINED 0130 650000
TIME WARNER INC COM 887315109 3750 100000 SH DEFINED 0108 100000
TIME WARNER INC COM 887315109 25376 676700 SH DEFINED 0124 676700
TIME WARNER INC COM 887315109 16305 434800 SH DEFINED 0125 434800
TIME WARNER INC COM 887315109 161250 4300000 SH DEFINED 011516 4300000
TIME WARNER INC COM 887315109 22500 600000 SH DEFINED 011618 600000
TIME WARNER INC COM 887315109 4050 108000 SH DEFINED 011620 108000
TIME WARNER INC COM 887315109 44799 1194548 SH DEFINED 0102 1194548
TIME WARNER INC COM 887315109 4909 130894 SH DEFINED 0103 130894
TIME WARNER INC COM 887315109 648 17270 SH DEFINED 01 17270
TIMES MIRROR CL A COM 887364107 657 13211 SH DEFINED 0103 13211
TIMKEN CO. COM 887389104 151224 3296431 SH DEFINED 0103 3296431
TITAN EXPLORATION COM 888289105 967 80600 SH DEFINED 011619 80600
TITAN EXPLORATION COM 888289105 3869 322400 SH DEFINED 011614 322400
TOOTSIE ROLL INDS COM 890516107 49531 1249999 SH DEFINED 011516 1249999
TORCHMARK CORP COM 891027104 459 9089 SH DEFINED 0103 9089
TOSCO CORP COM 891490302 13847 175000 SH DEFINED 0108 175000
TOSCO CORP COM 891490302 2928 37000 SH DEFINED 011619 37000
TOSCO CORP COM 891490302 12996 164250 SH DEFINED 011614 164250
TOSCO CORP COM 891490302 255 3228 SH DEFINED 0102 3228
TOSCO CORP COM 891490302 277 3500 SH DEFINED 01 3500
TOTAL COM 89151E109 28175 700000 SH DEFINED 0130 700000
TOTAL COM 89151E109 38238 950000 SH DEFINED 011618 950000
TOWER AUTO COM 891707101 7031 225000 SH DEFINED 0128 225000
TOYOTA ADR COM 892331307 2185 38000 SH DEFINED 011620 38000
TOYS R US COM 892335100 15178 505900 SH DEFINED 0103 505900
TRANSACTION NETWORK COM 893414102 7188 625000 SH DEFINED 0106 625000
TRANSAMERICA CORP COM 893485102 684 8658 SH DEFINED 0103 8658
TRANSCANADA PIPELINE COM 893526103 3500 200000 SH DEFINED 0132 200000
TRANSITIONAL HOSPITA COM 893719104 3 289 SH DEFINED 0102 289
TRANSOCEAN OFFSHORE COM 893817106 10959 175000 SH DEFINED 0108 175000
TRANSOCEAN OFFSHORE COM 893817106 62625 1000000 SH DEFINED 0126 1000000
TRANSOCEAN OFFSHORE COM 893817106 3131 50000 SH DEFINED 011619 50000
TRANSOCEAN OFFSHORE COM 893817106 1440 23000 SH DEFINED 011620 23000
TRANSOCEAN OFFSHORE COM 893817106 13151 210000 SH DEFINED 011614 210000
TRANSPORT DE GAS COM 893870204 4900 400000 SH DEFINED 0132 400000
TRANSDIGM WARRANTS WARRANT 893900993 546 3989 SH DEFINED 0104 3989
TRANSDIGM WARRANTS WARRANT 893900993 1534 11194 SH DEFINED 0109 11194
TRANZRAIL ADS COM 894116102 294 16600 SH DEFINED 01 16600
TRAVEL/AETNA PROP COM 894175108 35375 1000000 SH DEFINED 0130 1000000
TRAVEL/AETNA PROP COM 894175108 30069 850000 SH DEFINED 011618 850000
<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
TRAVEL/AETNA PROP COM 894175108 2547 72000 SH DEFINED 011620 72000
TRAVEL/AETNA PROP COM 894175108 99354 2808559 SH DEFINED 0102 2808559
TRAVEL/AETNA PROP COM 894175108 7591 214600 SH DEFINED 0131 214600
TRAVEL/AETNA PROP COM 894175108 979 27700 SH DEFINED 0103 27700
TRAVEL/AETNA PROP COM 894175108 7588 214500 SH DEFINED 01 214500
TRAVELERS INC NEW COM 894190107 72600 1600000 SH DEFINED 0111 1600000
TRAVELERS INC NEW COM 894190107 7442 164000 SH DEFINED 0124 164000
TRAVELERS INC NEW COM 894190107 5170 113932 SH DEFINED 0125 113932
TRAVELERS INC NEW COM 894190107 46509 1025000 SH DEFINED 011618 1025000
TRAVELERS INC NEW COM 894190107 3086 68000 SH DEFINED 011620 68000
TRAVELERS INC NEW COM 894190107 39157 862962 SH DEFINED 0102 862962
TRAVELERS INC NEW COM 894190107 5999 132179 SH DEFINED 0103 132179
TRAVELERS INC NEW COM 894190107 8825 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 606 7680 SH DEFINED 0103 7680
TRICO MARINE SVCS COM 896106101 4848 101000 SH DEFINED 011619 101000
TRICO MARINE SVCS COM 896106101 3192 66500 SH DEFINED 011614 66500
TRINOVA CORP COM 896678109 129 3536 SH DEFINED 0103 3536
TRUSTED INFO SYSTEMS COM 897908109 2150 200000 SH DEFINED 011619 200000
TUPPERWARE CORP COM 899896104 3539 66000 SH DEFINED 011619 66000
TUPPERWARE CORP COM 899896104 16088 300000 SH DEFINED 011614 300000
TUPPERWARE CORP COM 899896104 423 7896 SH DEFINED 0103 7896
TULTEX CORP COM 899900104 278 39590 SH DEFINED 0102 39590
TYCO INTERNATIONAL COM 902120104 18506 350000 SH DEFINED 0108 350000
TYCO INTERNATIONAL COM 902120104 79313 1500000 SH DEFINED 0126 1500000
TYCO INTERNATIONAL COM 902120104 42300 800000 SH DEFINED 0111 800000
TYCO INTERNATIONAL COM 902120104 17930 339100 SH DEFINED 0124 339100
TYCO INTERNATIONAL COM 902120104 8370 158300 SH DEFINED 0125 158300
TYCO INTERNATIONAL COM 902120104 4759 90000 SH DEFINED 011622 90000
TYCO INTERNATIONAL COM 902120104 10575 200000 SH DEFINED 011623 200000
TYCO INTERNATIONAL COM 902120104 33047 625000 SH DEFINED 011618 625000
TYCO INTERNATIONAL COM 902120104 5816 110000 SH DEFINED 011619 110000
TYCO INTERNATIONAL COM 902120104 4669 88300 SH DEFINED 011620 88300
TYCO INTERNATIONAL COM 902120104 25380 480000 SH DEFINED 011614 480000
TYCO INTERNATIONAL COM 902120104 40669 769144 SH DEFINED 0102 769144
TYCO INTERNATIONAL COM 902120104 7297 138000 SH DEFINED 0131 138000
TYCO INTERNATIONAL COM 902120104 8455 159916 SH DEFINED 0103 159916
TYCO INTERNATIONAL COM 902120104 6292 119000 SH DEFINED 01 119000
TYSON FOODS INC -CL COM 902494103 1473 43000 SH DEFINED 011619 43000
TYSON FOODS INC -CL COM 902494103 10275 300000 SH DEFINED 011614 300000
TYSON FOODS INC -CL COM 902494103 404 11800 SH DEFINED 0102 11800
TYSON FOODS INC -CL COM 902494103 822 24000 SH DEFINED 01 24000
UAL CORP COM 902549500 3688 59000 SH DEFINED 01 59000
UCAR INTERNATIONAL COM 90262K109 30100 800000 SH DEFINED 0130 800000
UCAR INTERNATIONAL COM 90262K109 7525 200000 SH DEFINED 0108 200000
UCAR INTERNATIONAL COM 90262K109 4703 125000 SH DEFINED 0128 125000
UCAR INTERNATIONAL COM 90262K109 8466 225000 SH DEFINED 0106 225000
UCAR INTERNATIONAL COM 90262K109 11288 300000 SH DEFINED 0135 300000
<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
UCAR INTERNATIONAL COM 90262K109 3424 91000 SH DEFINED 011620 91000
UCAR INTERNATIONAL COM 90262K109 20553 546365 SH DEFINED 0102 546365
UCAR INTERNATIONAL COM 90262K109 5437 144500 SH DEFINED 01 144500
USX MARATHON GROUP COM 902905827 860 36001 SH DEFINED 0103 36001
UST INC COM 902911106 32375 1000000 SH DEFINED 0113 1000000
UST INC COM 902911106 11817 365000 SH DEFINED 0107 365000
UST INC COM 902911106 22663 700000 SH DEFINED 0131 700000
UST INC COM 902911106 1716 52996 SH DEFINED 0103 52996
UST INC COM 902911106 6760 208800 SH DEFINED 01 208800
USA WASTE SERVICES I COM 902917103 9563 300000 SH DEFINED 0108 300000
USA WASTE SERVICES I COM 902917103 60563 1900000 SH DEFINED 0126 1900000
USA WASTE SERVICES I COM 902917103 40641 1275000 SH DEFINED 0111 1275000
USA WASTE SERVICES I COM 902917103 4877 153000 SH DEFINED 011622 153000
USA WASTE SERVICES I COM 902917103 10838 340000 SH DEFINED 011623 340000
USA WASTE SERVICES I COM 902917103 44625 1400000 SH DEFINED 011516 1400000
USA WASTE SERVICES I COM 902917103 2461 77200 SH DEFINED 011619 77200
USA WASTE SERVICES I COM 902917103 2550 80000 SH DEFINED 011620 80000
USA WASTE SERVICES I COM 902917103 11182 350800 SH DEFINED 011614 350800
USA WASTE SERVICES I COM 902917103 48510 1521845 SH DEFINED 0102 1521845
USA WASTE SERVICES I COM 902917103 12755 400150 SH DEFINED 0131 400150
USA WASTE SERVICES I COM 902917103 1997 62640 SH DEFINED 0103 62640
UNUM CORP COM 903192102 10650 147400 SH DEFINED 0108 147400
UNUM CORP COM 903192102 60690 840000 SH DEFINED 0126 840000
UNUM CORP COM 903192102 10650 147400 SH DEFINED 0125 147400
UNUM CORP COM 903192102 7 100 SH DEFINED 011618 100
UNUM CORP COM 903192102 2529 35000 SH DEFINED 011619 35000
UNUM CORP COM 903192102 4321 59800 SH DEFINED 011620 59800
UNUM CORP COM 903192102 10476 145000 SH DEFINED 011614 145000
UNUM CORP COM 903192102 367332 5084072 SH DEFINED 0102 5084072
UNUM CORP COM 903192102 19421 268800 SH DEFINED 0131 268800
UNUM CORP COM 903192102 5257 72764 SH DEFINED 0103 72764
UNUM CORP COM 903192102 21499 297560 SH DEFINED 01 297560
U S F & G CORP COM 903290104 307 14694 SH DEFINED 0103 14694
USX-US STEEL GROUP COM 90337T101 337 10752 SH DEFINED 0103 10752
US ROBOTICS COM 90338F100 10800 150000 SH DEFINED 0106 150000
US ROBOTICS COM 90338F100 1440 20000 SH DEFINED 011622 20000
US ROBOTICS COM 90338F100 2880 40000 SH DEFINED 011623 40000
US ROBOTICS COM 90338F100 6366 88418 SH DEFINED 0103 88418
ULTRAMAR DIAMOND SHA COM 904000106 26881 850000 SH DEFINED 0113 850000
UNIFI, INC. COM 904677101 8834 275000 SH DEFINED 0108 275000
UNILEVER NV NY SHRS COM 904784501 35050 200000 SH DEFINED 0130 200000
UNILEVER NV NY SHRS COM 904784501 8763 50000 SH DEFINED 0135 50000
UNILEVER NV NY SHRS COM 904784501 3649 20819 SH DEFINED 0103 20819
UNICOM CORP COM 904911104 21700 800000 SH DEFINED 0113 800000
UNICOM CORP COM 904911104 746 27491 SH DEFINED 0103 27491
UNION CAMP CORP COM 905530101 26263 550000 SH DEFINED 0113 550000
UNION CAMP CORP COM 905530101 19 400 SH DEFINED 0125 400
UNION CAMP CORP COM 905530101 11938 250000 SH DEFINED 0107 250000
UNION CAMP CORP COM 905530101 19100 400000 SH DEFINED 0131 400000
UNION CAMP CORP COM 905530101 1360 28494 SH DEFINED 0103 28494
<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
UNION CARBIDE CORP COM 905581104 677 16556 SH DEFINED 0103 16556
UNION ELECTRIC COM 906548102 11550 300000 SH DEFINED 0113 300000
UNION ELECTRIC COM 906548102 9625 250000 SH DEFINED 0131 250000
UNION ELECTRIC COM 906548102 964 25047 SH DEFINED 0103 25047
UNION PACIFIC CORP COM 907818108 21044 350000 SH DEFINED 0130 350000
UNION PACIFIC CORP COM 907818108 7516 125000 SH DEFINED 0108 125000
UNION PACIFIC CORP COM 907818108 27056 450000 SH DEFINED 0113 450000
UNION PACIFIC CORP COM 907818108 4281 71200 SH DEFINED 0124 71200
UNION PACIFIC CORP COM 907818108 3740 62200 SH DEFINED 0125 62200
UNION PACIFIC CORP COM 907818108 14129 235000 SH DEFINED 0107 235000
UNION PACIFIC CORP COM 907818108 20443 340000 SH DEFINED 011618 340000
UNION PACIFIC CORP COM 907818108 47477 789735 SH DEFINED 0102 789735
UNION PACIFIC CORP COM 907818108 19541 325000 SH DEFINED 0131 325000
UNION PACIFIC CORP COM 907818108 3693 61425 SH DEFINED 0103 61425
UNION PACIFIC CORP COM 907818108 13648 227000 SH DEFINED 01 227000
UP RESOURSE COM 907834105 3656 125000 SH DEFINED 0108 125000
UP RESOURSE COM 907834105 10323 352922 SH DEFINED 011618 352922
UP RESOURSE COM 907834105 79 2710 SH DEFINED 0102 2710
UP RESOURSE COM 907834105 930 31798 SH DEFINED 0103 31798
UNION TEXAS PETRO HL COM 908640105 1343 60000 SH DEFINED 011619 60000
UNION TEXAS PETRO HL COM 908640105 5325 238000 SH DEFINED 011614 238000
UNISOURCE COM 909208100 11745 580000 SH DEFINED 0107 580000
UNISOURCE COM 909208100 4500 222850 SH DEFINED 0102 222850
UNISOURCE COM 909208100 33 1650 SH DEFINED 0103 1650
UNISYS CORP COM 909214108 146 21675 SH DEFINED 0103 21675
UNITED CO COM 909870107 8653 325000 SH DEFINED 0106 325000
UTD DOMINION IND LTD COM 909914103 4258 181179 SH DEFINED 0103 181179
UNITED DOMINION REAL COM 910197102 13950 900000 SH DEFINED 0113 900000
UNITED DOMINION REAL COM 910197102 8525 550000 SH DEFINED 0131 550000
UNITED DOMINION REAL COM 910197102 388 25000 SH DEFINED 0103 25000
UNITED HEALTHCARE COM 910581107 8654 192300 SH DEFINED 0124 192300
UNITED HEALTHCARE COM 910581107 4176 92800 SH DEFINED 0125 92800
UNITED HEALTHCARE COM 910581107 96750 2150000 SH DEFINED 011516 2150000
UNITED HEALTHCARE COM 910581107 27000 600000 SH DEFINED 011618 600000
UNITED HEALTHCARE COM 910581107 121344 2696039 SH DEFINED 0102 2696039
UNITED HEALTHCARE COM 910581107 2069 45968 SH DEFINED 0103 45968
UNITED MERIDIAN CORP COM 910865104 7763 150000 SH DEFINED 0106 150000
UNITED MERIDIAN CORP COM 910865104 507 9800 SH DEFINED 0102 9800
UNITED MERIDIAN CORP COM 910865104 15359 296800 SH DEFINED 0131 296800
UNITED MERIDIAN CORP COM 910865104 735 14200 SH DEFINED 0103 14200
U.S. BANCORP COM 911596104 884 19679 SH DEFINED 0103 19679
U S FILTER CORP COM 911843209 20588 648450 SH DEFINED 0102 648450
U S FILTER CORP COM 911843209 10168 320250 SH DEFINED 0131 320250
U S FILTER CORP COM 911843209 1068 33650 SH DEFINED 0103 33650
U S FILTER CORP COM 911843209 2937 92500 SH DEFINED 01 92500
US AIR GROUP INC. COM 911905107 185 7905 SH DEFINED 0103 7905
U. S. SURGICAL CORP COM 912707106 3938 100000 SH DEFINED 011516 100000
U. S. SURGICAL CORP COM 912707106 2638 67000 SH DEFINED 011619 67000
U. S. SURGICAL CORP COM 912707106 11419 290000 SH DEFINED 011614 290000
U. S. SURGICAL CORP COM 912707106 312 7924 SH DEFINED 0103 7924
<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
U S WEST COM 912889102 1969 61048 SH DEFINED 0103 61048
US WEST MEDIA COM 912889201 1097 59282 SH DEFINED 0103 59282
UNITED TECHNOLOGIES COM 913017109 9900 150000 SH DEFINED 0108 150000
UNITED TECHNOLOGIES COM 913017109 132000 2000000 SH DEFINED 0126 2000000
UNITED TECHNOLOGIES COM 913017109 31680 480000 SH DEFINED 011618 480000
UNITED TECHNOLOGIES COM 913017109 1690 25600 SH DEFINED 011620 25600
UNITED TECHNOLOGIES COM 913017109 23 350 SH DEFINED 0102 350
UNITED TECHNOLOGIES COM 913017109 2097 31766 SH DEFINED 0103 31766
UNITED TECHNOLOGIES COM 913017109 9263 140350 SH DEFINED 01 140350
UNITED WASTE 144ACVT CONV BOND 913174AB4 11913 10000000 PRN DEFINED 0106 10000000
UNITED WASTE SYS INC COM 913174108 8250 240000 SH DEFINED 0106 240000
UNITED WASTE SYS INC COM 913174108 2578 75000 SH DEFINED 011619 75000
UNITED WASTE SYS INC COM 913174108 12031 350000 SH DEFINED 011614 350000
UNITED WASTE SYS INC COM 913174108 28897 840598 SH DEFINED 0102 840598
UNITED WASTE SYS INC COM 913174108 6669 194000 SH DEFINED 0131 194000
UNITED WASTE SYS INC COM 913174108 960 27940 SH DEFINED 0103 27940
UNITED WASTE SYS INC COM 913174108 688 20000 SH DEFINED 01 20000
UNITED WISCONSIN SVC COM 913236105 4400 167600 SH DEFINED 0128 167600
UNITED WISCONSIN SVC COM 913236105 4464 170060 SH DEFINED 0103 170060
UNIVISION COM 914906102 5550 150000 SH DEFINED 0106 150000
UNIVISION COM 914906102 673 18200 SH DEFINED 011620 18200
UNOCAL CORP COM 915289102 2428 59756 SH DEFINED 0103 59756
URBAN SHOPPING CTRS COM 917060105 14500 500000 SH DEFINED 0131 500000
USLIFE CORP COM 917318107 29165 877167 SH DEFINED 0103 877167
UTILICORP UNITED INC COM 918005109 6750 250000 SH DEFINED 0132 250000
V. F. CORP COM 918204108 1735 25700 SH DEFINED 0124 25700
V. F. CORP COM 918204108 932 13800 SH DEFINED 0125 13800
V. F. CORP COM 918204108 129 1900 SH DEFINED 0102 1900
V. F. CORP COM 918204108 545 8068 SH DEFINED 0103 8068
VLSI TECHNOLOGY INC COM 918270109 4059 170000 SH DEFINED 011619 170000
VLSI TECHNOLOGY INC COM 918270109 16116 675000 SH DEFINED 011614 675000
VLSI TECHNOLOGY INC COM 918270109 459 19252 SH DEFINED 0102 19252
VLSI TECHNOLOGY INC COM 918270109 764 32000 SH DEFINED 01 32000
VAALREEFS EXP & MNG COM 918506403 619 100000 SH DEFINED 0127 100000
STAR PORTFOLIO COM 921909107 2 112 SH DEFINED 01 112
VANTIVE COM 922091103 75 2400 SH DEFINED 0102 2400
VANTIVE COM 922091103 4328 138500 SH DEFINED 0131 138500
VANTIVE COM 922091103 200 6400 SH DEFINED 0103 6400
VAUGHAN BASSETT FURN COM 922272117 33 1080 SH DEFINED 0102 1080
VESSEL CHARTERS INC COM 925400996 0 25000 SH DEFINED 0102 25000
VIACOM INC WTS C '97 WARRANT 925524126 11 350000 SH DEFINED 011516 350000
VIACOM INC CL B COM 925524308 21 600 SH DEFINED 0102 600
VIACOM INC CL B COM 925524308 1589 45559 SH DEFINED 0103 45559
VIATEL INC COM 925529208 4050 450000 SH DEFINED 0135 450000
VIRGINIA-AMER WTR CO PREFERRED STOCK 927990200 198 2200 SH DEFINED 0113 2200
VISHAY INTRTECHNOLOG COM 928298108 14726 630000 SH DEFINED 0111 630000
VISHAY INTRTECHNOLOG COM 928298108 24727 1057721 SH DEFINED 0102 1057721
VISHAY INTRTECHNOLOG COM 928298108 96 4100 SH DEFINED 01 4100
VITESSE CORP COM 928497106 3358 73800 SH DEFINED 011619 73800
VITESSE CORP COM 928497106 13969 307000 SH DEFINED 011614 307000
<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
VIVID TECHNOLOGIES COM 928538107 2500 200000 SH DEFINED 011619 200000
VIVRA COM 92855M104 2763 100000 SH DEFINED 011622 100000
VIVRA COM 92855M104 5525 200000 SH DEFINED 011623 200000
VIVRA COM 92855M104 14724 533000 SH DEFINED 011516 533000
VODAFONE GROUP ADR COM 92857T107 29 700 SH DEFINED 0102 700
VONS COMPANIES INC COM 928869106 3892 65000 SH DEFINED 011619 65000
VONS COMPANIES INC COM 928869106 13173 220000 SH DEFINED 011614 220000
VONS COMPANIES INC COM 928869106 634 10590 SH DEFINED 0102 10590
VONS COMPANIES INC COM 928869106 419 7005 SH DEFINED 01 7005
WHX CORPORATION COM 929248102 1687 190111 SH DEFINED 0103 190111
WICOR INC COM 929253102 7175 200000 SH DEFINED 0132 200000
WMX TECHNOLOGIES INC COM 92929Q107 12135 371946 SH DEFINED 0102 371946
WMX TECHNOLOGIES INC COM 92929Q107 2046 62713 SH DEFINED 0103 62713
WMS INDUSTRIES INC COM 929297109 1220 61000 SH DEFINED 011619 61000
WMS INDUSTRIES INC COM 929297109 4700 235000 SH DEFINED 011614 235000
WPP GROUP PLC -ADR COM 929309300 7658 178352 SH DEFINED 0103 178352
WABAN INC COM 929394104 1923 73957 SH DEFINED 0103 73957
WACHOVIA CORP COM 929771103 1201 21256 SH DEFINED 0103 21256
WAL MART STORES COM 931142103 22875 1000000 SH DEFINED 0130 1000000
WAL MART STORES COM 931142103 24401 1066700 SH DEFINED 0124 1066700
WAL MART STORES COM 931142103 15569 680600 SH DEFINED 0125 680600
WAL MART STORES COM 931142103 34313 1500000 SH DEFINED 011516 1500000
WAL MART STORES COM 931142103 16559 723880 SH DEFINED 0102 723880
WAL MART STORES COM 931142103 8905 389321 SH DEFINED 0103 389321
WAL MART STORES COM 931142103 732 32000 SH DEFINED 01 32000
WALBRO CORP COM 931154108 3464 189795 SH DEFINED 0103 189795
WALGREEN CO. COM 931422109 3000 75000 SH DEFINED 011619 75000
WALGREEN CO. COM 931422109 12000 300000 SH DEFINED 011614 300000
WALGREEN CO. COM 931422109 892 22291 SH DEFINED 0102 22291
WALGREEN CO. COM 931422109 1255 31381 SH DEFINED 0103 31381
WALLACE COMPUTER SVC COM 932270101 7763 225000 SH DEFINED 0106 225000
WALLACE COMPUTER SVC COM 932270101 34500 1000000 SH DEFINED 011516 1000000
WARNACO COM 934390105 8888 300000 SH DEFINED 0130 300000
WARNACO COM 934390105 1185 40000 SH DEFINED 01 40000
WARNER LAMBERT CO COM 934488107 525 7000 SH DEFINED 011620 7000
WARNER LAMBERT CO COM 934488107 2594 34585 SH DEFINED 0103 34585
WASHINGTON MUT INC COM 939322103 10828 250000 SH DEFINED 0108 250000
WASHINGTON MUT INC COM 939322103 5198 120000 SH DEFINED 011622 120000
WASHINGTON MUT INC COM 939322103 8663 200000 SH DEFINED 011623 200000
WASHINGTON MUT INC COM 939322103 20573 475000 SH DEFINED 011618 475000
WASHINGTON MUT INC COM 939322103 3656 84400 SH DEFINED 011619 84400
WASHINGTON MUT INC COM 939322103 3378 78000 SH DEFINED 011620 78000
WASHINGTON MUT INC COM 939322103 15588 359900 SH DEFINED 011614 359900
WASHINGTON MUT INC COM 939322103 32751 756188 SH DEFINED 0102 756188
WASHINGTON MUT INC COM 939322103 9763 225400 SH DEFINED 0131 225400
WASHINGTON MUT INC COM 939322103 872 20150 SH DEFINED 0103 20150
WASHINGTON MUT INC COM 939322103 8701 200900 SH DEFINED 01 200900
WATSON PHARMACEUTICA COM 942683103 19098 425000 SH DEFINED 0106 425000
WATSON PHARMACEUTICA COM 942683103 53925 1200000 SH DEFINED 011516 1200000
WATSON PHARMACEUTICA COM 942683103 3595 80000 SH DEFINED 011619 80000
<PAGE> PAGE 72
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
WATSON PHARMACEUTICA COM 942683103 14380 320000 SH DEFINED 011614 320000
WATSON PHARMACEUTICA COM 942683103 8404 187000 SH DEFINED 0102 187000
WATSON PHARMACEUTICA COM 942683103 3424 76200 SH DEFINED 0131 76200
WATSON PHARMACEUTICA COM 942683103 319 7100 SH DEFINED 0103 7100
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 3311 12276 SH DEFINED 0103 12276
WELLSFORD RES PROP COM 950241109 12125 500000 SH DEFINED 0113 500000
WELLSFORD RES PROP COM 950241109 4486 185000 SH DEFINED 0107 185000
WENDYS INTL INC COM 950590109 329 16030 SH DEFINED 0103 16030
WEST COMPANY COM 953348109 10813 382758 SH DEFINED 0103 382758
WESTERN AREA COM 957654205 1052 77184 SH DEFINED 0127 77184
WESTERN ATLAS INC COM 957674104 497 7016 SH DEFINED 0103 7016
WESTERN RES COM 959425109 12350 400000 SH DEFINED 0131 400000
WESTERN RES COM 959425109 371 12000 SH DEFINED 0103 12000
WESTERN RESOURCE INC PREFERRED STOCK 959425406 603 10000 SH DEFINED 0113 10000
WESTINGHOUSE ELEC COM 960402105 10931 550000 SH DEFINED 0108 550000
WESTINGHOUSE ELEC COM 960402105 18 900 SH DEFINED 0125 900
WESTINGHOUSE ELEC COM 960402105 89438 4500000 SH DEFINED 011516 4500000
WESTINGHOUSE ELEC COM 960402105 13913 700000 SH DEFINED 011618 700000
WESTINGHOUSE ELEC COM 960402105 7848 394843 SH DEFINED 0103 394843
WESTVACO CORP COM 961548104 374 13002 SH DEFINED 0103 13002
WEYERHAUESER COM 962166104 3274 69100 SH DEFINED 0124 69100
WEYERHAUESER COM 962166104 2625 55400 SH DEFINED 0125 55400
WEYERHAUESER COM 962166104 15871 335000 SH DEFINED 0107 335000
WEYERHAUESER COM 962166104 805 17000 SH DEFINED 011620 17000
WEYERHAUESER COM 962166104 227 4800 SH DEFINED 0102 4800
WEYERHAUESER COM 962166104 1453 30659 SH DEFINED 0103 30659
WEYERHAUESER COM 962166104 4690 99000 SH DEFINED 01 99000
WHIRLPOOL CORP COM 963320106 438 9400 SH DEFINED 0103 9400
WHITMAN CORP COM 96647K102 307 13418 SH DEFINED 0103 13418
WILLAMETTE IND INC COM 969133107 490 7044 SH DEFINED 0103 7044
WILLIAM COMPANIES COM 969457100 753 20091 SH DEFINED 0103 20091
WINN-DIXIE COM 974280109 613 19384 SH DEFINED 0103 19384
WINSTAR SR SUB DIS CONV BOND 975515AB3 6813 10000000 PRN DEFINED 0109 10000000
WINSTAR COM SR DIS CONV BOND 975515AD9 12225 20000000 PRN DEFINED 0109 20000000
WINTHROP RES CORP COM 976396101 2875 100000 SH DEFINED 011619 100000
WINTHROP RES CORP COM 976396101 7475 260000 SH DEFINED 011614 260000
WIRELESS ONE COM 97652H109 166 25000 SH DEFINED 0109 25000
WIRELESS ONE WTS COM 97652H117 116 23250 SH DEFINED 0109 23250
WISCONSIN CENTRAL TR COM 976592105 35663 900000 SH DEFINED 0111 900000
WOLVERINE TUBE INC COM 978093102 19388 550000 SH DEFINED 0106 550000
WOLVERINE TUBE INC COM 978093102 6169 175000 SH DEFINED 0135 175000
WOOLWORTH CORP COM 980883102 371 16982 SH DEFINED 0103 16982
WORLDCOM INC COM 98155K102 1292 49559 SH DEFINED 0103 49559
WORTHINGTON IND COM 981811102 9969 550000 SH DEFINED 0108 550000
WORTHINGTON IND COM 981811102 206 11348 SH DEFINED 0103 11348
WRIGLEY WM JR CO COM 982526105 832 14788 SH DEFINED 0103 14788
WYMAN-GORDON COM 983085101 3115 140000 SH DEFINED 011619 140000
WYNDHAM COM 983100108 951 38600 SH DEFINED 011620 38600
<PAGE> PAGE 73
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
XILINX COM 983919101 205 5550 SH DEFINED 0102 5550
XILINX COM 983919101 6486 176200 SH DEFINED 0131 176200
XILINX COM 983919101 295 8000 SH DEFINED 0103 8000
XILINX COM 983919101 2466 67000 SH DEFINED 01 67000
XIONICS DOC TECH INC COM 98412X103 2500 200000 SH DEFINED 011619 200000
XEROX COM 984121103 36838 700000 SH DEFINED 0113 700000
XEROX COM 984121103 10262 195000 SH DEFINED 0107 195000
XEROX COM 984121103 26313 500000 SH DEFINED 0131 500000
XEROX COM 984121103 3395 64522 SH DEFINED 0103 64522
YPF COM 984245100 5429 215000 SH DEFINED 0135 215000
YORK INTL CORP NEW COM 986670107 46 825 SH DEFINED 0102 825
YORK INTL CORP NEW COM 986670107 1760 31500 SH DEFINED 01 31500
ZERO CORP COM 989484100 4960 248000 SH DEFINED 0128 248000
ZERO CORP COM 989484100 324 16218 SH DEFINED 0103 16218
FLAGSTAR STABLE VALU COM 9900072E5 8756 857301 SH DEFINED 0103 857301
SIEBE STABLE VALUE COM 990007742 59823 5559728 SH DEFINED 0103 5559728
EMERGING GROWTH 2 COM 990007916 6705 653561 SH DEFINED 0103 653561
STABLE CAPITAL II COM 990007940 1728 146559 SH DEFINED 0103 146559
AM EXP RESEARCH 839 COM 990008393 17542 646949 SH DEFINED 0103 646949
FEDERAL INCOME FUND COM 990008443 98080 6961499 SH DEFINED 0103 6961499
EQY BASE INDEX COM 990008450 634128 30410903 SH DEFINED 0103 30410903
EQUITY INDEX 2 COM 990008484 3263 167307 SH DEFINED 0103 167307
AM EXP TST BND 831 COM 990009086 23537 497115 SH DEFINED 0103 497115
AM EXP TST EMERG 837 COM 990009300 12702 161896 SH DEFINED 0103 161896
AM EXP TST CORE 838 COM 990009318 14593 146846 SH DEFINED 0103 146846
MANAGED GIC FUND COM 990009326 124415 4732039 SH DEFINED 0103 4732039
INTERNATION COM 990009995 2680 256783 SH DEFINED 0103 256783
EQUITY INDEX 3 COM 990018509 3239 180687 SH DEFINED 0103 180687
REPORT SUMMARY 3528 DATA RECORDS 54976062 35 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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