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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>
Alltel Corp. COM 020039103 3848 73725.000SH SOLE 32700.000 41025.000
Anadarko Petroleum Corp. COM 032511107 505 7600.000 SH SOLE 200.000 7400.000
Avon Products, Inc. COM 054303102 3262 79800.000SH SOLE 43325.000 36475.000
Bergen Brunswig Corp. COM 083739102 1970 168525.000SH SOLE 101425.000 67100.000
Cardinal Health Inc. COM 14149y108 758 8600.000 SH SOLE 3300.000 5300.000
Chase Manhattan Corp. COM 16161a108 686 14856.000SH SOLE 10098.000 4758.000
Conectiv COM 206829103 642 35925.000SH SOLE 24950.000 10975.000
Convergys Corp. COM 212485106 8185 210545.000SH SOLE 114925.000 95620.000
Cooper Tire & Rubber Co. COM 216831107 198 19675.000SH SOLE 13075.000 6600.000
Crown America Realty Tr. COM 228186102 822 135550.000SH SOLE 26050.000 109500.000
Dollar General Corp. COM 256669102 301 17997.000SH SOLE 7499.000 10498.000
Enron Corp. COM 293561106 6971 79550.000SH SOLE 42090.000 37460.000
Enterprise Products Partners L COM 293792107 543 18775.000SH SOLE 3900.000 14875.000
Equity Inns Inc. COM 294703103 476 71900.000SH SOLE 28775.000 43125.000
Equity Residential Pptys. COM 29476L107 1484 30914.000SH SOLE 16100.000 14814.000
Exxon Mobil Corp. COM 30231g102 248 2781.000 SH SOLE 2781.000
Federal National Mortgage Assn COM 313586109 429 6000.000 SH SOLE 4500.000 1500.000
Fortune Brands Inc. COM 349631101 2041 77028.000SH SOLE 36203.000 40825.000
Friede Goldman Halter Inc. COM 358430106 435 61625.000SH SOLE 46575.000 15050.000
Gartner Group Inc. COM 366651107 1203 103500.000SH SOLE 39675.000 63825.000
General Electric Co. COM 369604103 2688 46593.000SH SOLE 20550.000 26043.000
Glimcher Realty Trust COM 379302102 293 19600.000SH SOLE 9675.000 9925.000
Global Crossing COM G3921A100 2478 79938.000SH SOLE 30076.000 49862.000
Harris Corp. COM 413875105 2276 80020.000SH SOLE 44155.000 35865.000
Heller Financial Inc. COM 423328103 1781 62358.000SH SOLE 25425.000 36933.000
Household International Inc. COM 441815107 2870 50685.000SH SOLE 21775.000 28910.000
Intel Corp. COM 458140100 204 4920.000 SH SOLE 4920.000
Johnson & Johnson COM 478160104 1194 12710.000SH SOLE 6400.000 6310.000
Kinder Morgan Energy Partners COM 494550106 1931 40750.000SH SOLE 17075.000 23675.000
Luby's Inc. COM 549282101 220 41485.000SH SOLE 18200.000 23285.000
Lucent Technologies, Inc. COM 549463107 2711 88706.000SH SOLE 40325.000 48381.000
Mattel, Inc. COM 577081102 1996 178375.000SH SOLE 80175.000 98200.000
Microsoft Corp. COM 594918104 298 4944.000 SH SOLE 850.000 4094.000
Mylan Labs Inc. COM 628530107 248 9200.000 SH SOLE 7350.000 1850.000
Occidental Pete. Corp. COM 674599105 309 14150.000SH SOLE 1725.000 12425.000
PE Biosystems Group COM 69332s102 21243 182344.000SH SOLE 80887.000 101457.000
PE Corp. Celera Genomics Group COM 69332s201 3882 38966.000SH SOLE 17496.000 21470.000
Peoples Bk Bridgeport, CT COM 710198102 775 36796.000SH SOLE 17775.000 19021.000
Pfizer, Inc. COM 717081103 14650 325998.000SH SOLE 168222.000 157776.000
Piedmont Natural Gas COM 720186105 230 7500.000 SH SOLE 7500.000
Resource America Inc. COM 761195205 222 26175.000SH SOLE 6900.000 19275.000
Shire Pharmaceuticals ADR COM 82481r106 1287 24934.999SH SOLE 6878.000 18056.999
Snap-On Inc. COM 833034101 963 40858.000SH SOLE 23875.000 16983.000
Sovereign Bancorp, Inc. COM 845905108 1405 151916.000SH SOLE 103275.000 48641.000
Systems & Computer Tech. COM 871873105 1878 106928.000SH SOLE 86328.000 20600.000
USX-Marathon Group COM 902905827 4971 175200.000SH SOLE 91275.000 83925.000
Unisys Corp. COM 909214108 2280 202650.000SH SOLE 100200.000 102450.000
United Dominion Realty Tr., In COM 910197102 126 11608.000SH SOLE 1762.000 9846.000
UnumProvident Corp. COM 91529y106 819 30042.000SH SOLE 27700.000 2342.000
Verizon Communications COM 92343v104 4100 84644.000SH SOLE 38066.000 46578.000
Washington Mutual COM 939322103 6856 172200.000SH SOLE 86600.000 85600.000
Watson Pharmaceuticals COM 942683103 1479 22795.000SH SOLE 14645.000 8150.000
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