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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ametek, Inc. New COM 031100100 541 29650.000SH SOLE 15600.000 14050.000
Avon Products, Inc. COM 054303102 5702 121150.000SH SOLE 64250.000 56900.000
Brunswick Corp. COM 117043109 3508 184025.000SH SOLE 87975.000 96050.000
Cincinnati Bell Inc. COM 171870108 2126 94765.000SH SOLE 59000.000 35765.000
Convergys Corp. COM 212485106 4663 272265.000SH SOLE 155025.000 117240.000
Cooper Tire & Rubber Co. COM 216831107 1161 63175.000SH SOLE 36750.000 26425.000
Crown America Realty Tr. COM 228186102 979 150570.000SH SOLE 59875.000 90695.000
Eastern Enterprises COM 27637F100 2390 65709.000SH SOLE 36965.000 28744.000
Enron Corp. COM 293561106 5625 87555.000SH SOLE 45395.000 42160.000
Equity Inns Inc. COM 294703103 880 103500.000SH SOLE 43650.000 59850.000
Equity Residential Pptys. COM 29476L107 1906 46199.000SH SOLE 22199.000 24000.000
Federal National Mortgage Assn COM 313586109 469 6775.000 SH SOLE 4500.000 2275.000
Federal Rlty. Inv. Tr. COM 313747206 468 22075.000SH SOLE 13600.000 8475.000
Fortune Brands Inc. COM 349631101 4713 122403.000SH SOLE 63203.000 59200.000
Frontier Corp. COM 35906p105 8064 155450.000SH SOLE 78750.000 76700.000
GTE Corp. COM 362320103 793 13115.000SH SOLE 10500.000 2615.000
Gartner Group Inc. COM 366651107 1889 83725.000SH SOLE 36150.000 47575.000
General Electric Co. COM 369604103 9341 84346.000SH SOLE 37800.000 46546.000
Harris Corp. COM 413875105 3206 111990.000SH SOLE 54959.000 57031.000
Harsco Corp. COM 415864107 1466 58210.000SH SOLE 34825.000 23385.000
Heller Financial Inc. COM 423328103 1777 75625.000SH SOLE 39925.000 35700.000
Hertz Corp. COM 428040109 2676 50025.000SH SOLE 27750.000 22275.000
Household International Inc. COM 441815107 3483 76350.000SH SOLE 35325.000 41025.000
Johnson & Johnson COM 478160104 2098 22390.000SH SOLE 12750.000 9640.000
Luby's Inc. COM 549282101 2812 169150.000SH SOLE 78975.000 90175.000
Michael Foods Inc. COM 594079105 1139 59725.000SH SOLE 25775.000 33950.000
Microsoft Corp. COM 594918104 213 2376.000 SH SOLE 800.000 1576.000
Morgan, J.P. & Co., Inc. COM 616880100 4443 36015.000SH SOLE 14050.000 21965.000
Nabisco Holdings Corp. COM 629526104 3550 85425.000SH SOLE 39100.000 46325.000
One Valley Bancorp COM 682419106 228 6550.000 SH SOLE 500.000 6050.000
Peoples Bk Bridgeport, CT COM 710198102 2080 69925.000SH SOLE 39175.000 30750.000
Perkin Elmer Corp. COM 714041100 14794 152413.000SH SOLE 74893.000 77520.000
Pfizer, Inc. COM 717081103 21696 156366.000SH SOLE 73990.000 82376.000
Philip Morris Cos., Inc. COM 718154107 3091 87692.000SH SOLE 28615.000 59077.000
Pimco Advisors LP COM 69338p102 362 11525.000SH SOLE 5425.000 6100.000
Service Corp. COM 817565104 447 31380.000SH SOLE 1000.000 30380.000
Snap-On Inc. COM 833034101 2249 77560.000SH SOLE 52400.000 25160.000
Sovereign Bancorp, Inc. COM 845905108 1975 161191.000SH SOLE 111750.000 49441.000
Systems & Computer Tech. COM 871873105 1791 179075.000SH SOLE 78775.000 100300.000
Tenneco Inc. COM 88037e101 2109 75480.000SH SOLE 31950.000 43530.000
Tosco Corp. COM 891490302 2736 110250.000SH SOLE 62100.000 48150.000
United Dominion Realty Tr., In COM 910197102 261 25415.000SH SOLE 8125.000 17290.000
VF Corp. COM 918204108 4343 92031.000SH SOLE 43696.000 48335.000
Watson Pharmaceuticals COM 942683103 713 16150.000SH SOLE 14000.000 2150.000
Weeks Corp. COM 94856p102 2128 74516.000SH SOLE 33846.000 40670.000
Wellsford Real Pptys. COM 950240101 99 11267.000SH SOLE 6086.000 5181.000
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