UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/99
Check here if Amendment [ ]; Amendment Number: ______
This Amendment (check only one): [ ] is a restatement
[ ] adds new holding entries
Institutional Investment Manager Filing this Report:
Name: Lutheran Brotherhood Research Corp.
Address: 625 Fourth Avenue South
Minneapolis, MN 55415
Form 13F File Number: 28-1304
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, and all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John C. Bjork
Title: Assistant Secretary
Phone: (612) 340-7005
Signature, Place, and Date of Signing:
/s/ John C. Bjork Minneapolis, Minnesota 10/27/99
------------------------- ---------------------- -------
[Signature] [City, State] [Date]
Report Type (check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Manager: None
Form 13F Information Table Entry Total: 540
Form 13F Information Table Value Total: $1,703,896
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
<PAGE>
<TABLE>
<S> <C> <C>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ADC TELECOMMUNICATIONS INC. COM 000886101 352.27 8400 SH SOLE 8400
AFLAC INC. COM 001055102 305.68 7300 SH SOLE 7300
AMFM INC. COM 001693100 371.33 6100 SH SOLE 6100
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 20915.97 480827 SH SOLE 480827
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 322.98 8700 SH SOLE 8700
AT&T CANADA INC. DEPS RCPT CL B 00207Q202 615.56 9800 SH SOLE 9800
ATMI, INC. COM 00207R101 962.67 25800 SH SOLE 25800
AVT CORP. COM 002420107 888.12 29000 SH SOLE 29000
ABACUS DIRECT CORP. COM 002553105 499.68 4100 SH SOLE 4100
ABBOTT LABORATORIES COM 002824100 12425.17 338100 SH SOLE 338100
ACNIELSEN CORP. COM 004833109 907.52 40000 SH SOLE 40000
ACTIVISION, INC. COM NEW 004930202 687.37 39000 SH SOLE 39000
ACXIOM CORP. COM 005125109 713.51 36300 SH SOLE 36300
ADAPTEC INC. COM 00651F108 381.00 9600 SH SOLE 9600
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 006848402 1762.50 10000 SH SOLE 10000
ADVANCE PARADIGM, INC. COM 007491103 208.05 3800 SH SOLE 3800
AEROFLEX INC. COM 007768104 241.32 19800 SH SOLE 19800
AFFILIATED COMPUTER SERVICES CL A 008190100 1157.81 28500 SH SOLE 28500
AFFILIATED MANGERS GROUP, INC. COM 008252108 1122.70 41200 SH SOLE 41200
AIR PRODUCTS AND CHEMICALS INC COM 009158106 7382.00 254000 SH SOLE 254000
ALASKA AIR GROUP COM 011659109 565.56 13900 SH SOLE 13900
ALKERMES, INC. COM 01642T108 383.21 13300 SH SOLE 13300
ALLIED-SIGNAL INC. COM 019512102 7102.65 118500 SH SOLE 118500
ALLMERICA FINANCIAL CORP. COM 019754100 235.74 4950 SH SOLE 4950
ALPHA INDUSTRIES, INC. COM 020753109 344.07 6100 SH SOLE 6100
ALTERA CORP. COM 021441100 381.70 8800 SH SOLE 8800
AMAZON.COM, INC. COM 023135106 311.02 3900 SH SOLE 3900
AMERICA ONLINE, INC. COM 02364J104 17711.20 170300 SH SOLE 170300
AMERICAN EXPRESS CO. COM 025816109 10877.70 80800 SH SOLE 80800
AMERICAN HOME PRODUCTS CORP. COM 026609107 11711.30 282200 SH SOLE 282200
AMERICAN INT'L GROUP INC. COM 026874107 27431.63 315531 SH SOLE 315531
AMERICAN MANAGEMENT SYS INC. COM 027352103 566.99 22100 SH SOLE 22100
AMERICAN POWER CONVERSION CORP COM 029066107 808.64 42560 SH SOLE 42560
AMERICAN TOWER CORP. CL A 029912201 1068.13 54600 SH SOLE 54600
AMERICREDIT CORP. COM 03060R101 1021.75 68400 SH SOLE 68400
AMERISOURCE HEALTH CORP. CL A 03071P102 923.83 39000 SH SOLE 39000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AMERITECH CORP. COM 030954101 14499.17 215800 SH SOLE 215800
AMPHENOL CORP. CLA 032095101 307.29 6200 SH SOLE 6200
ANADARKO PETROLEUM CORP. COM 032511107 229.22 7500 SH SOLE 7500
ANALOG DEVICES, INC. COM 032654105 256.25 5000 SH SOLE 5000
ANDREW CORPORATION COM 034425108 460.43 26500 SH SOLE 26500
ANNTAYLOR STORES INC. COM 036115103 253.42 6200 SH SOLE 6200
APACHE CORP. COM 037411105 202.98 4700 SH SOLE 4700
APARTMENT INVT & MGMT COMPANY CL A 03748R101 1115.75 29170 SH SOLE 29170
APOLLO GROUP, INC. CL A 037604105 873.73 41360 SH SOLE 41360
APPLEBEES INT'L INC. COM 037899101 939.89 27900 SH SOLE 27900
ARCH COMMUNICATIONS GROUP INC. COM 039381504 166.66 41666 SH SOLE 41666
ARDENT SOFTWARE, INC. COM 039794102 767.73 28500 SH SOLE 28500
ARROW ELECTRONICS INC. COM 042735100 176.25 10000 SH SOLE 10000
ARTESYN TECHNOLOGIES, INC. COM 043127109 318.67 16800 SH SOLE 16800
ASSOCIATED BANC-CORP. COM 045487105 238.84 6600 SH SOLE 6600
EXCITE AT HOME CORPORATION COM SER A 045919107 12004.58 289700 SH SOLE 289700
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 14515.20 403200 SH SOLE 403200
ASYST TECHNOLOGIES, INC. COM 04648X107 445.50 13500 SH SOLE 13500
ATMEL CORPORATION COM 049513104 253.59 7500 SH SOLE 7500
AUTOMATIC DATA PROCESSING INC. COM 053015103 16497.86 369700 SH SOLE 369700
AVIS RENT A CAR, INC. COM 053790101 430.02 20600 SH SOLE 20600
BISYS (THE) GROUP, INC. COM 055472104 1172.65 25000 SH SOLE 25000
BJ SERVICES COMPANY COM 055482103 1061.28 33360 SH SOLE 33360
BJ'S WHOLESALE CLUB, INC. COM 05548J106 416.83 14100 SH SOLE 14100
BMC SOFTWARE, INC. COM 055921100 540.30 7550 SH SOLE 7550
BANK OF AMERICA CORP. COM 060505104 18237.82 327500 SH SOLE 327500
BANK OF NEW YORK CO. COM 064057102 14271.33 426800 SH SOLE 426800
BARNES & NOBLE, INC. COM 067774109 600.60 23100 SH SOLE 23100
BARR LABORATORIES, INC. COM 068306109 238.12 7500 SH SOLE 7500
BARRETT RESOURCES CORP. COM PAR $0.01 068480201 336.13 9100 SH SOLE 9100
BECTON, DICKINSON AND COMPANY COM 075887109 7293.57 259900 SH SOLE 259900
BED, BATH & BEYOND INC. COM 075896100 792.39 22680 SH SOLE 22680
BELL ATLANTIC CORP. COM 077853109 14519.41 215700 SH SOLE 215700
BEN AND JERRY'S HOMEMADE INC. CLA 081465106 211.41 12300 SH SOLE 12300
BENCHMARK ELECTRONICS INC. COM 08160H101 617.97 17500 SH SOLE 17500
BEST BUY CO. INC. COM 086516101 7770.28 125200 SH SOLE 125200
BEYOND.COM CORP. COM 08860E101 595.35 48600 SH SOLE 48600
BIOGEN, INC. COM 090597105 441.35 5600 SH SOLE 5600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BLACK BOX CORP. COM 091826107 1149.75 21900 SH SOLE 21900
E.W. BLANCH HOLDINGS INC. COM 093210102 761.96 11700 SH SOLE 11700
BLYTH INDUSTRIES, INC. COM 09643P108 920.46 32800 SH SOLE 32800
BOEING COMPANY COM 097023105 7028.86 164900 SH SOLE 164900
BORDERS GROUP INC. COM 099709107 334.88 22800 SH SOLE 22800
BOWATER INC. COM 102183100 241.50 4600 SH SOLE 4600
BRIGHT HORIZON FAMILY SOLUTION COM 109195107 532.81 34100 SH SOLE 34100
BRINKER INTERNATIONAL INC. COM 109641100 968.36 35700 SH SOLE 35700
BRISTOL MYERS SQUIBB CO. COM 110122108 21937.50 325000 SH SOLE 325000
BROADVISION, INC. COM 111412102 412.49 3100 SH SOLE 3100
THE BUCKLE, INC. COM 118440106 533.02 30900 SH SOLE 30900
BURLINGTON RESOURCES INC. COM 122014103 316.05 8600 SH SOLE 8600
BURR-BROWN CORP. COM 122574106 1483.22 37550 SH SOLE 37550
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 401.20 6800 SH SOLE 6800
C-CUBE MICROSYSTEMS INC. COM 125015107 839.55 19300 SH SOLE 19300
CDW COMPUTER CENTERS, INC. COM 125129106 1295.18 26500 SH SOLE 26500
CIGNA CORP. COM 125509109 6624.30 85200 SH SOLE 85200
CMS ENERGY CORP. COM 125896100 278.29 8200 SH SOLE 8200
CTS CORP COM 126501105 632.50 11000 SH SOLE 11000
CVS CORP. COM 126650100 14076.40 344900 SH SOLE 344900
CADENCE DESIGN SYSTEMS, INC. COM 127387108 319.32 24100 SH SOLE 24100
CAL DIVE INTL', INC. COM 127914109 208.92 6100 SH SOLE 6100
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 2027.70 2700000 PRN SOLE 0
CARNIVAL CORP. COM 143658102 14494.20 333200 SH SOLE 333200
CARRIAGE SERVICES, INC. CL A 143905107 202.51 24000 SH SOLE 24000
CARRIER ACCESS CORP. COM 144460102 209.06 5000 SH SOLE 5000
CASELLA WASTE SYSTEMS, INC. CL A 147448104 946.20 56700 SH SOLE 56700
CATALINA MARKETING CORP. COM 148867104 1077.12 12700 SH SOLE 12700
CATALYTICA, INC. COM 148885106 885.00 59000 SH SOLE 59000
CATELLUS DEVELOPMENT CORP. COM 149111106 387.75 33000 SH SOLE 33000
CENTURY COMMUNICATIONS CORP. CL A 156503104 1076.75 23600 SH SOLE 23600
CENTURY MAINTENANCE SUPPLY COM 156616401 1837.18 18145 SH SOLE 18145
CENTURYTEL INC. COM 156700106 354.85 8735 SH SOLE 8735
CHASE MANHATTAN CORP. COM 16161A108 14245.87 189000 SH SOLE 189000
CHATTEM, INC. COM 162456107 461.11 20900 SH SOLE 20900
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 1449.00 46000 SH SOLE 46000
CHEVRON CORP. COM 166751107 14253.25 160600 SH SOLE 160600
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 3477.50 65000 SH SOLE 65000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CHIRON CORP. COM 170040109 332.25 12000 SH SOLE 12000
CIBER, INC. COM 17163B102 581.89 38000 SH SOLE 38000
CIENA CORP. COM 171779101 233.60 6400 SH SOLE 6400
CISCO SYSTEMS, INC. COM 17275R102 47335.89 690400 SH SOLE 690400
CITIGROUP INC. COM 172967101 21744.80 494200 SH SOLE 494200
CITRIX SYSTEMS, INC. COM 177376100 842.35 13600 SH SOLE 13600
CITY NATIONAL CORP. COM 178566105 1293.85 38550 SH SOLE 38550
CLARIFY INC. COM 180492100 855.32 17000 SH SOLE 17000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 7979.27 99897 SH SOLE 99897
COCA-COLA CO. COM 191216100 10117.26 210500 SH SOLE 210500
COGNEX CORP. COM 192422103 736.58 24400 SH SOLE 24400
COGNOS, INC. COM 19244C109 1248.41 47900 SH SOLE 47900
COHU, INC. COM 192576106 449.96 21300 SH SOLE 21300
KENNETH COLE PRODUCTIONS, INC. COM 193294105 654.06 17500 SH SOLE 17500
COLGATE-PALMOLIVE CO. COM 194162103 6642.90 145200 SH SOLE 145200
COLUMBIA/HCA HEALTHCARE CORP. COM 197677107 241.54 11400 SH SOLE 11400
COMAIR HOLDINGS, INC. COM 199789108 1012.12 60650 SH SOLE 60650
COMCAST CORP. CL A SPL 200300200 263.17 6600 SH SOLE 6600
COMMERCE BANCORP, INC. COM 200519106 923.08 22243 SH SOLE 22243
COMMSCOPE INC. COM 203372107 539.50 16600 SH SOLE 16600
COMMUNITY FIRST BANKSHARES INC COM 203902101 734.06 43500 SH SOLE 43500
COMPUWARE CORP. COM 205638109 353.93 13580 SH SOLE 13580
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 1028.01 10900 SH SOLE 10900
CONCORD COMMUNICATIONS, INC. COM 206186108 834.75 21000 SH SOLE 21000
CONEXANT SYSTEMS, INC. COM 207142100 203.43 2800 SH SOLE 2800
CONOCO CLB 208251405 6893.73 251826 SH SOLE 251826
CONSOLIDATED GRAPHICS, INC. COM 209341106 1099.46 26100 SH SOLE 26100
CONVERGENT COMMUNICATIONS INC. COM 211914403 196.08 18900 SH SOLE 18900
CORT BUSINESS SERVICES CORP. COM 220493100 441.68 19100 SH SOLE 19100
COST PLUS, INC. COM 221485105 509.25 10500 SH SOLE 10500
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 259.50 300000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 519.00 600000 PRN SOLE 0
COVANCE INC. COM 222816100 147.25 15200 SH SOLE 15200
COX COMMUNICATIONS, INC. CL A 224044107 467.60 11200 SH SOLE 11200
COX RADIO, INC. CL A 224051102 1237.60 20800 SH SOLE 20800
CROWN CASTLE INT'L CORP. COM 228227104 861.07 46000 SH SOLE 46000
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 1268.25 38000 SH SOLE 38000
CYTYC CORPORATION COM 232946103 1040.70 26900 SH SOLE 26900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
DST SYSTEMS, INC. COM 233326107 204.75 3600 SH SOLE 3600
DALLAS SEMICONDUCTOR CORP. COM 235204104 1683.29 31500 SH SOLE 31500
DANAHER CORP. COM 235851102 347.74 6600 SH SOLE 6600
DAVE & BUSTER'S, INC. COM 23833N104 224.43 18800 SH SOLE 18800
DAYTON HUDSON CORP. COM 239753106 13982.66 232800 SH SOLE 232800
DELL COMPUTER CORPORATION COM 247025109 13313.25 318400 SH SOLE 318400
DENDRITE INTERNATIONAL, INC. COM 248239105 453.60 9600 SH SOLE 9600
DENTSPLY INT'L INC. COM 249030107 548.27 24100 SH SOLE 24100
DEVON ENERGY CORP. COM 25179M103 352.22 8500 SH SOLE 8500
DEVRY, INC. COM 251893103 470.00 23500 SH SOLE 23500
DIAL CORP. COM 25247D101 226.44 8880 SH SOLE 8880
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 526.50 500000 PRN SOLE 0
DIONEX CORP. COM 254546104 782.32 18300 SH SOLE 18300
DISNEY (WALT) CO. COM 254687106 12316.50 476000 SH SOLE 476000
DOLLAR TREE STORES, INC. COM 256747106 1616.29 40470 SH SOLE 40470
DOUBLECLICK COM 258609304 285.90 2400 SH SOLE 2400
DOVER CORP. COM 260003108 8175.00 200000 SH SOLE 200000
DUPONT (E.I.) DE NEMOURS COM 263534109 7282.78 119635 SH SOLE 119635
DUANE READE INC. COM 263578106 1250.18 41500 SH SOLE 41500
DYCOM INDUSTRIES, INC. COM 267475101 1341.57 31800 SH SOLE 31800
EG&G, INC. COM 268457108 230.91 5800 SH SOLE 5800
EMC CORP. COM 268648102 22038.62 308500 SH SOLE 308500
ENSCO INTERNATIONAL, INC. COM 26874Q100 322.60 17860 SH SOLE 17860
ETEC SYSTEMS, INC. COM 26922C103 793.88 21100 SH SOLE 21100
EBAY INC. COM 278642103 211.59 1500 SH SOLE 1500
ECHOSTAR COMMUNICATIONS CORP CL A 278762109 236.11 2600 SH SOLE 2600
J.D. EDWARDS COM 281667105 221.69 10700 SH SOLE 10700
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 497.56 9500 SH SOLE 9500
EL PASO NATURAL GAS COMPANY COM 283905107 250.82 6300 SH SOLE 6300
ELECTRONIC ARTS INC. COM 285512109 441.48 6100 SH SOLE 6100
ELECTRONICS FOR IMAGING, INC. COM 286082102 606.59 11800 SH SOLE 11800
EMMIS COMMUNICATIONS CORP. CL A 291525103 1539.26 23300 SH SOLE 23300
ENGINEERING ANIMATION, INC. COM 292872108 188.17 11900 SH SOLE 11900
ETHAN ALLEN INTERIORS INC. COM 297602104 286.31 9000 SH SOLE 9000
ETOYS INC. COM 297862104 292.87 4400 SH SOLE 4400
EXCEL SWITCHING CORP. COM 30067V108 269.06 7500 SH SOLE 7500
EXODUS COMMUNICATIONS, INC. COM 302088109 338.69 4700 SH SOLE 4700
EXPEDITORS INT'L OF WASHINGTON COM 302130109 210.53 6560 SH SOLE 6560
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EXPRESS SCRIPTS, INC. CL A 302182100 1666.72 21300 SH SOLE 21300
EXXON CORP. COM 302290101 14838.28 195400 SH SOLE 195400
F.Y.I. INCORPORATED COM 302712104 569.32 16900 SH SOLE 16900
FACTSET RESEARCH SYSTEMS INC. COM 303075105 1012.37 17800 SH SOLE 17800
FAMILY DOLLAR STORES, INC. COM 307000109 1125.96 53300 SH SOLE 53300
FEDERAL HOME LOAN MTG CORP. COM 313400301 14903.20 286600 SH SOLE 286600
FEDERAL NATIONAL MTG ASSOC. COM 313586109 15214.37 242700 SH SOLE 242700
FINOVA GROUP, INC. COM 317928109 292.73 8020 SH SOLE 8020
FIRST CONSULTING GROUP, INC. COM 31986R103 526.00 52600 SH SOLE 52600
FIRST HEALTH GROUP CORP. COM 320960107 459.97 20500 SH SOLE 20500
FIRST TENNESSEE NAT'L CORP. COM 337162101 210.93 7500 SH SOLE 7500
FIRSTAR CORPORATION COM 33763V109 369.00 14400 SH SOLE 14400
FOREST LABORATORIES, INC. CL A 345838106 750.66 17820 SH SOLE 17820
FOSSIL INC. COM 349882100 913.37 33750 SH SOLE 33750
FURNITURE BRANDS INT'L, INC. COM 360921100 204.75 10400 SH SOLE 10400
G & K SERVICES INC. CL A 361268105 850.50 21000 SH SOLE 21000
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 920.00 1000000 PRN SOLE 0
GAP INC. COM 364760108 14445.60 451425 SH SOLE 451425
GARTNER GROUP, INC. COM 366651107 372.94 23400 SH SOLE 23400
GATEWAY INC. COM 367626108 358.17 8060 SH SOLE 8060
GAYLORD CONTAINER CORP CL A 368145108 798.09 112013 SH SOLE 112013
GAYLORD CONTAINER CORP WT EXP 110202 368145116 1101.68 154623 SH SOLE 154623
GENERAL DYNAMICS CORP. COM 369550108 237.26 3800 SH SOLE 3800
GENERAL ELECTRIC CO. COM 369604103 43358.48 365700 SH SOLE 365700
GENERAL INSTRUMENT CORP. COM 370120107 283.93 5900 SH SOLE 5900
GENTEX CORP. COM 371901109 1090.63 52800 SH SOLE 52800
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 301.92 6700 SH SOLE 6700
GETTY IMAGES, INC. COM 374276103 236.42 9800 SH SOLE 9800
GILEAD SCIENCES, INC. COM 375558103 285.63 4450 SH SOLE 4450
GILLETTE CO. COM 375766102 5155.18 151900 SH SOLE 151900
GRANITE BROADCASTING CORP. COM 387241102 2781.25 250000 SH SOLE 250000
GREAT PLAINS SOFTWARE INC. COM 39119E105 782.80 15200 SH SOLE 15200
GROUP1 AUTOMOTIVE, INC. COM 398905109 509.10 27800 SH SOLE 27800
GUIDANT CORP. COM 401698105 332.47 6200 SH SOLE 6200
HAIN FOOD GROUP, INC. COM 405219106 794.47 32100 SH SOLE 32100
HALLIBURTON CO. COM 406216101 14280.30 348300 SH SOLE 348300
HANGER ORTHOPEDIC GROUP, INC. COM 41043F208 348.00 24000 SH SOLE 24000
HARLEY DAVIDSON INC. COM 412822108 203.75 4070 SH SOLE 4070
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
HARTE-HANKS, INC. COM 416196103 856.39 34000 SH SOLE 34000
HEALTH MGMT ASSOCIATES INC. CL A 421933102 74.11 10050 SH SOLE 10050
JACK HENRY & ASSOCIATES, INC. COM 426281101 849.57 23000 SH SOLE 23000
HERSHEY FOODS CORP. COM 427866108 6329.44 130000 SH SOLE 130000
HISPANIC BROADCASTING CORP. CL A 43357B104 799.31 10500 SH SOLE 10500
HOME DEPOT, INC. COM 437076102 14534.77 211800 SH SOLE 211800
HOME DEPOT, INC. SB NT CV 3.25%01 437076AE2 435.00 150000 PRN SOLE 0
HONEYWELL INC. COM 438506107 7179.68 64500 SH SOLE 64500
HUMAN GENOME SCIENCES, INC. COM 444903108 302.37 4100 SH SOLE 4100
HYPERION SOLUTIONS CORP. COM 44914M104 1080.97 49135 SH SOLE 49135
IBP INC. COM 449223106 281.44 11400 SH SOLE 11400
ICG COMMUNICATIONS, INC. COM 449246107 1576.53 101300 SH SOLE 101300
ISS GROUP, INC. COM 450306105 632.20 23200 SH SOLE 23200
ITC DELTACOM INC. COM 45031T104 924.00 33600 SH SOLE 33600
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 741.00 38000 SH SOLE 38000
ILLINOIS TOOL WORKS INC. COM 452308109 14480.13 194200 SH SOLE 194200
IMAX CORP. COM 45245E109 1278.00 63900 SH SOLE 63900
IMRGLOBAL CORP. COM 45321W106 98.17 11900 SH SOLE 11900
INFINITY BROADCASTING CORP. CL A 45662S102 208.12 7100 SH SOLE 7100
INHALE THERAPEUTIC SYSTEMS COM 457191104 1057.05 34800 SH SOLE 34800
INSIGHT ENTERPRISES, INC. COM 45765U103 299.00 9200 SH SOLE 9200
INSITUFORM TECHNOLOGIES CL A 457667103 737.50 29500 SH SOLE 29500
INSPIRE INSURANCE SOLUTIONS COM 457732105 421.43 61300 SH SOLE 61300
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 299.16 2770000 PRN SOLE 0
INTEL CORP. COM 458140100 33307.08 448200 SH SOLE 448200
INTER-TEL INC. COM 458372109 871.52 49100 SH SOLE 49100
INTERMEDIA COMMUNICATIONS INC. COM 458801107 267.24 12287 SH SOLE 12287
INTERNATIONAL BUS. MACHINES COM 459200101 29057.17 239400 SH SOLE 239400
INTERPUBLIC GROUP COMPANY INC. COM 460690100 208.09 5060 SH SOLE 5060
INTERVOICE-BRITE, INC. COM 461142101 843.00 76200 SH SOLE 76200
INTUIT INC. COM 461202103 1078.16 12300 SH SOLE 12300
JDS UNIPHASE CORP. COM 46612J101 1306.57 11480 SH SOLE 11480
JABIL CIRCUIT, INC. COM 466313103 381.15 7700 SH SOLE 7700
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 2235.60 3600000 PRN SOLE 0
JOHNSON & JOHNSON COM 478160104 21333.37 232200 SH SOLE 232200
JONES APPAREL GROUP INC. COM 480074103 301.87 10500 SH SOLE 10500
JONES PHARMA INC. COM 480236108 1389.64 42150 SH SOLE 42150
K-V PHARMACEUTICAL COMPANY CL A 482740206 278.45 14900 SH SOLE 14900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
KEANE, INC. COM 486665102 547.51 24000 SH SOLE 24000
KOPIN CORP. COM 500600101 857.47 30900 SH SOLE 30900
KROGER COMPANY COM 501044101 14191.80 643240 SH SOLE 643240
KULICKE & SOFFA INDUSTRIES,INC COM 501242101 211.52 8700 SH SOLE 8700
LSI LOGIC CORP. COM 502161102 293.55 5700 SH SOLE 5700
LAM RESEARCH CORP COM 512807108 359.90 5900 SH SOLE 5900
LAMAR ADVERTISING COMPANY CL A 512815101 767.25 15500 SH SOLE 15500
LASON HOLDINGS, INC. COM 51808R107 1059.83 23800 SH SOLE 23800
LATTICE SEMICONDUCTOR CORP. COM 518415104 1460.64 49200 SH SOLE 49200
LEARNING TREE INT'L, INC. COM 522015106 727.11 43900 SH SOLE 43900
LEGATO SYSTEMS, INC. COM 524651106 832.64 19100 SH SOLE 19100
LEGGETT & PLATT INC. COM 524660107 202.39 10280 SH SOLE 10280
LEGG MASON, INC. COM 524901105 770.09 20100 SH SOLE 20100
LIBERATE TECHNOLOGIES, INC. COM 530129105 707.70 16800 SH SOLE 16800
LILLY (ELI) & COMPANY COM 532457108 14361.60 224400 SH SOLE 224400
LINCARE HOLDINGS, INC. COM 532791100 1228.84 46100 SH SOLE 46100
LINEAR TECHNOLOGY CORP. COM 535678106 419.69 7140 SH SOLE 7140
LINENS 'N THINGS, INC. COM 535679104 675.00 20000 SH SOLE 20000
LIPOSOME COMPANY, INC. COM 536310105 242.72 31900 SH SOLE 31900
LUCENT TECHNOLOGIES, INC. COM 549463107 22310.25 343896 SH SOLE 343896
LYCOS, INC. COM 550818108 451.12 9000 SH SOLE 9000
MBNA CORP. COM 55262L100 13454.53 589775 SH SOLE 589775
MCI WORLDCOM, INC. COM 55268B106 37806.25 526000 SH SOLE 526000
MGC COMMUNICATIONS, INC. COM 552763302 352.25 16976 SH SOLE 16976
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 314.22 34200 SH SOLE 34200
MACDERMID, INC. COM 554273102 817.51 24000 SH SOLE 24000
MACROMEDIA, INC. COM 556100105 882.90 21600 SH SOLE 21600
MAGELLAN HEALTH SERVICES, INC. COM 559079108 219.39 30000 SH SOLE 30000
MAPICS, INC. COM 564910107 177.23 20400 SH SOLE 20400
MARSHALL & ILSLEY CORP. COM 571834100 273.90 4800 SH SOLE 4800
MASTECH CORPORATION COM 57632N105 395.55 29300 SH SOLE 29300
MATTEL INC. COM 577081102 12068.80 635200 SH SOLE 635200
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 1027.17 16280 SH SOLE 16280
MAYTAG CORP. COM 578592107 3797.68 114000 SH SOLE 114000
MCDONALDS CORP. COM 580135101 14357.70 333900 SH SOLE 333900
MCLEODUSA INC. COM 582266102 400.09 9400 SH SOLE 9400
MEDCO RESEARCH, INC. COM 584059109 940.16 37700 SH SOLE 37700
MEDIA GENERAL, INC. CL A 584404107 497.12 9700 SH SOLE 9700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MEDIAONE GROUP, INC. COM 58440J104 6824.46 99900 SH SOLE 99900
MEDIMMUNE, INC. COM 584699102 358.76 3600 SH SOLE 3600
MEDQUIST INC. COM 584949101 1063.32 31800 SH SOLE 31800
MEDTRONIC INC. COM 585055106 14917.17 420202 SH SOLE 420202
MEN'S (THE) WEARHOUSE, INC. COM 587118100 799.80 37200 SH SOLE 37200
MENTOR CORP/MINN COM 587188103 1553.25 54500 SH SOLE 54500
MERCK AND CO. INC. COM 589331107 21738.28 335400 SH SOLE 335400
MERCURY INTERACTIVE CORP. COM 589405109 987.81 15300 SH SOLE 15300
MERRILL LYNCH & CO., INC. COM 590188108 3715.49 55300 SH SOLE 55300
MESABA HOLDINGS, INC. COM 59066B102 478.22 40700 SH SOLE 40700
META GROUP, INC. COM 591002100 745.50 42000 SH SOLE 42000
METAMOR WORLDWIDE, INC. COM 59133P100 912.35 51400 SH SOLE 51400
METRIS COMPANIES INC. COM 591598107 656.46 22300 SH SOLE 22300
METTLER-TOLEDO INT'L INC. COM 592688105 231.07 7800 SH SOLE 7800
MICREL, INC. COM 594793101 1804.40 41600 SH SOLE 41600
MICROSOFT CORP. COM 594918104 50660.94 559400 SH SOLE 559400
MICROCHIP TECHNOLOGY INC COM 595017104 1707.70 33240 SH SOLE 33240
MICROMUSE INC. COM 595094103 282.70 4400 SH SOLE 4400
HERMAN MILLER, INC. COM 600544100 292.13 12220 SH SOLE 12220
MILLIPORE CORPORATION COM 601073109 221.62 5900 SH SOLE 5900
MINIMED INC. COM 60365K108 304.57 3100 SH SOLE 3100
MIPS TECHNOLOGIES, INC. CLA 604567107 448.56 14100 SH SOLE 14100
MOBIL CORP. COM 607059102 14739.72 146300 SH SOLE 146300
MODIS PROFESSIONAL SERVICES COM 607830106 1546.27 116700 SH SOLE 116700
MOHAWK INDUSTRIES, INC. COM 608190104 982.94 49300 SH SOLE 49300
MOLECULAR DEVICES CORP. COM 60851C107 225.50 8200 SH SOLE 8200
MONSANTO COMPANY COM 611662107 6302.50 176600 SH SOLE 176600
MONTANA POWER COMPANY COM 612085100 231.32 7600 SH SOLE 7600
MORGAN STANLEY DEAN WITTER COM NEW 617446448 7135.04 80000 SH SOLE 80000
MOTOROLA, INC. COM 620076109 14097.60 160200 SH SOLE 160200
NCI BUILDING SYSTEMS, INC. COM 628852105 336.22 20300 SH SOLE 20300
NCO GROUP, INC. COM 628858102 1706.10 36300 SH SOLE 36300
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1164.12 30360 SH SOLE 30360
NATIONAL DATA CORP COM 635621105 824.20 31700 SH SOLE 31700
NATIONAL INSTRUMENTS CORP. COM 636518102 1929.78 54600 SH SOLE 54600
NATIONWIDE FINANCIAL SERVICES CL A 638612101 512.93 14500 SH SOLE 14500
NAVIGANT CONSULTING, INC. COM 63935N107 1219.66 26300 SH SOLE 26300
NEIMAN MARCUS GROUP, INC. COM 640204103 776.05 33200 SH SOLE 33200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
NETWORK ASSOCIATES, INC. COM 640938106 470.47 24600 SH SOLE 24600
NETWORK ASSOCIATES, INC. SB DB CV ZERO 18 640938AB2 4080.00 12000000 PRN SOLE 0
NETGRAVITY, INC. COM 641114103 743.91 22500 SH SOLE 22500
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 230.56 3400 SH SOLE 3400
NIKE, INC. CL B 654106103 455.00 8000 SH SOLE 8000
NOBLE AFFILIATES INC. COM 654894104 774.30 26700 SH SOLE 26700
NORTHERN TRUST CORP. COM 665859104 217.10 2600 SH SOLE 2600
NOVA CORPORATION COM 669784100 1243.12 49725 SH SOLE 49725
NOVELL INC. COM 670006105 277.21 13400 SH SOLE 13400
NOVELLUS SYSTEMS INC. COM 670008101 1383.15 20510 SH SOLE 20510
NOVOSTE CORP. COM 67010C100 531.75 29800 SH SOLE 29800
OCEANEERING INT'L INC. COM 675232102 593.49 35300 SH SOLE 35300
OMNICARE, INC. COM 681904108 839.30 87200 SH SOLE 87200
OMNICOM GROUP INC. COM 681919106 16720.54 211150 SH SOLE 211150
1-800-FLOWERS.COM, INC. CLA 68243Q106 372.50 25800 SH SOLE 25800
ORACLE CORPORATION COM 68389X105 14908.07 327650 SH SOLE 327650
ORBITAL SCIENCES CORP. COM 685564106 481.25 27500 SH SOLE 27500
O'REILLY AUTOMOTIVE INC. COM 686091109 1439.21 30200 SH SOLE 30200
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1078.00 61600 SH SOLE 61600
OUTBACK STEAKHOUSE, INC. COM 689899102 296.07 11625 SH SOLE 11625
OUTDOOR SYSTEMS, INC. COM 690057104 767.55 21470 SH SOLE 21470
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 1310.00 40000 SH SOLE 40000
OXFORD HEALTH PLANS, INC. COM 691471106 182.50 14600 SH SOLE 14600
PMC-SIERRA, INC. COM 69344F106 564.25 6100 SH SOLE 6100
PRI AUTOMATION, INC. COM 69357H106 296.22 8200 SH SOLE 8200
PSS WORLD MEDICAL, INC. COM 69366A100 550.58 61600 SH SOLE 61600
PACIFIC GATEWAY EXCHANGE, INC. COM 694327107 237.43 14500 SH SOLE 14500
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 1091.10 38925 SH SOLE 38925
PAGEMART WIRELESS, INC. CL A 69553J104 672.00 112000 SH SOLE 112000
PATTERSON DENTAL COMPANY COM 703412106 941.69 19000 SH SOLE 19000
PEGASUS SYSTEMS, INC. COM 705906105 765.00 20400 SH SOLE 20400
PENTAIR, INC. COM 709631105 413.28 10300 SH SOLE 10300
PEPSICO, INC. COM 713448108 17850.52 590100 SH SOLE 590100
PEREGRINE SYSTEMS, INC. COM 71366Q101 1438.47 35300 SH SOLE 35300
PERVASIVE SOFTWARE INC. COM 715710109 462.30 13400 SH SOLE 13400
PFIZER INC. COM 717081103 27262.56 758600 SH SOLE 758600
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 900.00 2000000 PRN SOLE 0
PINNACLE HOLDINGS INC. COM 72346N101 337.01 12900 SH SOLE 12900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PINNACLE SYSTEMS, INC. COM 723481107 1983.15 46800 SH SOLE 46800
PLEXUS CORP. COM 729132100 811.56 26500 SH SOLE 26500
POLYCOM INC. COM 73172K104 1243.82 26100 SH SOLE 26100
PRAXAIR INC. COM 74005P104 6601.00 143500 SH SOLE 143500
PRE-PAID LEGAL SERVICES, INC. COM 740065107 1023.75 26000 SH SOLE 26000
PREMISYS COMMUNICATIONS, INC. COM 740584107 438.92 52800 SH SOLE 52800
PREVIEW TRAVEL, INC. CL A 74137R101 469.62 28900 SH SOLE 28900
PRICE COMMUNICATIONS CORP. COM NEW 741437305 2522.46 100645 SH SOLE 100645
PRIORITY HEALTHCARE CORP. CL B 74264T102 940.14 30450 SH SOLE 30450
PROCTER & GAMBLE COMPANY COM 742718109 17540.62 187100 SH SOLE 187100
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 464.02 80700 SH SOLE 80700
PROFIT RECOVERY GROUP INT'L COM 743168106 361.46 8100 SH SOLE 8100
PROGRESS SOFTWARE CORP. COM 743312100 254.13 8100 SH SOLE 8100
PROTECTION ONE ALARM MONITOR SRSBNTCV 6.75%03 743659AL8 1665.60 2400000 PRN SOLE 0
PROTECTION LIFE CORP COM 743674103 568.40 19600 SH SOLE 19600
PROXIM, INC. COM 744284100 1559.40 33900 SH SOLE 33900
PSINET INC. COM 74437C101 352.49 9800 SH SOLE 9800
PSINET INC. PFD C CV 6 3/4 74437C309 1851.50 46000 SH SOLE 46000
QRS CORP. COM 74726X105 2212.31 34500 SH SOLE 34500
QLOGIC CORP. COM 747277101 1097.03 15700 SH SOLE 15700
QUANTA SERVICES, INC. COM 74762E102 618.50 21100 SH SOLE 21100
QUIKSILVER, INC. COM 74838C106 818.51 44850 SH SOLE 44850
RSA SECURITY INC. COM 749719100 1734.56 65300 SH SOLE 65300
RF MICRO DEVICES, INC. COM 749941100 242.47 5300 SH SOLE 5300
RADIAN GROUP INC. COM 750236101 890.19 20732 SH SOLE 20732
RARE HOSPITALITY INT'L, INC. COM 753820109 244.36 11300 SH SOLE 11300
RATIONAL SOFTWARE CORP. COM NEW 75409P202 371.86 12700 SH SOLE 12700
RAYOVAC CORP. COM 755081106 358.97 16600 SH SOLE 16600
RENAL CARE GROUP, INC. COM 759930100 755.75 34500 SH SOLE 34500
RENT-A-CENTER, INC. COM 76009N100 635.29 34110 SH SOLE 34110
RENT-WAY, INC. COM 76009U104 722.00 38000 SH SOLE 38000
RESMED INC. COM 761152107 462.88 14000 SH SOLE 14000
ROBERTS PHARMACEUTICAL CORP. COM 770491108 1064.80 35200 SH SOLE 35200
ROMAC INTERNATIONAL, INC. COM 775835101 404.11 48800 SH SOLE 48800
ROSS STORES INC COM 778296103 563.50 28000 SH SOLE 28000
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 14948.84 253100 SH SOLE 253100
SBC COMMUNICATIONS INC. COM 78387G103 15022.73 294200 SH SOLE 294200
SCI SYSTEMS, INC. COM 783890106 1164.27 26200 SH SOLE 26200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SCP POOL CORP. COM 784028102 237.35 10100 SH SOLE 10100
SFX ENTERTAINMENT, INC. CL A 784178105 854.00 28000 SH SOLE 28000
SLI, INC. COM 78442T108 618.07 29000 SH SOLE 29000
SAFEWAY INC. COM NEW 786514208 12785.36 335900 SH SOLE 335900
SANMINA CORP. COM 800907107 1067.77 13800 SH SOLE 13800
SAVILLE SYSTEMS IRELAND PLC SPONSORED ADR 805174109 364.26 24800 SH SOLE 24800
HENRY SCHEIN, INC. COM 806407102 290.70 20400 SH SOLE 20400
SCHERING PLOUGH CORP. COM 806605101 18357.40 420800 SH SOLE 420800
SCHLUMBERGER LTD. COM 806857108 15139.06 242952 SH SOLE 242952
SCHWAB (CHARLES) CORP. COM 808513105 11174.30 331700 SH SOLE 331700
SEMTECH CORP. COM 816850101 604.31 16500 SH SOLE 16500
SEROLOGICALS CORP. COM 817523103 292.67 68865 SH SOLE 68865
SHAW INDUSTRIES, INC. COM 820286102 215.90 13600 SH SOLE 13600
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 530.15 18400 SH SOLE 18400
SIEBEL SYSTEMS, INC. COM 826170102 299.81 4500 SH SOLE 4500
SIMPSON MANUFACTURING COMPANY COM 829073105 656.25 14000 SH SOLE 14000
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 979.04 29500 SH SOLE 29500
SMITH INT'L, INC. COM 832110100 640.30 15810 SH SOLE 15810
SMITHFIELD FOODS, INC. COM 832248108 607.22 22700 SH SOLE 22700
SOLECTRON CORP. COM 834182107 265.70 3700 SH SOLE 3700
SONIC CORP. COM 835451105 666.59 21900 SH SOLE 21900
SOUTHERN COMPANY COM 842587107 14121.30 548400 SH SOLE 548400
SOUTHTRUST CORP. COM 844730101 229.60 6400 SH SOLE 6400
SOUTHWEST AIRLINES CO. COM 844741108 9878.83 650437 SH SOLE 650437
SPECTRIAN CORP. COM 847608106 537.22 24700 SH SOLE 24700
SPRINT CORP COM 852061100 434.00 8000 SH SOLE 8000
STAFFMARK, INC. COM 852389105 258.77 32600 SH SOLE 32600
STANFORD TELECOMMUNICATIONS COM 854402104 299.04 9400 SH SOLE 9400
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 1629.53 100663 SH SOLE 100663
STEEL DYNAMICS, INC. COM 858119100 208.65 13300 SH SOLE 13300
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 680.48 32500 SH SOLE 32500
STERIS CORPORATION COM 859152100 352.00 25600 SH SOLE 25600
STERLING COMMERCE, INC. COM 859205106 294.59 15870 SH SOLE 15870
STRAYER EDUCATION, INC. COM 863236105 296.13 14900 SH SOLE 14900
STRYKER CORP. COM 863667101 250.51 4900 SH SOLE 4900
SUMMIT DESIGN, INC. COM 86605U101 224.49 88700 SH SOLE 88700
SUN MICROSYSTEMS INC. COM 866810104 18376.80 197600 SH SOLE 197600
SUNGARD DATA SYSTEMS INC. COM 867363103 999.36 37980 SH SOLE 37980
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SUNTERRA CORP. COM 86787D109 729.71 61450 SH SOLE 61450
SWIFT TRANSPORTATION CO. INC. COM 870756103 894.81 45450 SH SOLE 45450
SYBRON CORP. COM 87114F106 1021.25 38000 SH SOLE 38000
SYKES ENTERPRISES, INC. COM 871237103 888.76 36000 SH SOLE 36000
SYLVAN LEARNING SYSTEMS, INC. COM 871399101 775.00 40000 SH SOLE 40000
SYMANTEC CORP. COM 871503108 1395.59 38800 SH SOLE 38800
SYMBOL TECHNOLOGIES, INC. COM 871508107 1111.30 33050 SH SOLE 33050
SYNOPSYS INC. COM 871607107 1351.11 24060 SH SOLE 24060
TCF FINANCIAL CORP. COM 872275102 255.35 8940 SH SOLE 8940
TJX COMPANIES INC. COM 872540109 236.00 8410 SH SOLE 8410
TMP WORLDWIDE INC. COM 872941109 377.42 6200 SH SOLE 6200
TV GUIDE, INC. CL A 87307Q109 751.20 19200 SH SOLE 19200
TECH DATA CORP. COM 878237106 614.61 26400 SH SOLE 26400
TELEBANC FINANCIAL CORP. COM 87925R109 381.80 16600 SH SOLE 16600
TELLABS, INC. COM 879664100 13848.46 243220 SH SOLE 243220
TERADYNE INC. COM 880770102 761.40 21600 SH SOLE 21600
TEREX CORP. COM 880779103 913.50 29000 SH SOLE 29000
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 296.84 5900 SH SOLE 5900
TETRA TECH, INC. COM 88162G103 1034.23 61975 SH SOLE 61975
TEXAS INSTRUMENTS INC. COM 882508104 13867.35 168600 SH SOLE 168600
THERAGENICS CORP. COM 883375107 798.15 62600 SH SOLE 62600
TIME WARNER INC. COM 887315109 14883.75 245000 SH SOLE 245000
TIME WARNER TELECOM INC. CL A 887319101 580.32 27800 SH SOLE 27800
TOSCO CORP. COM NEW 891490302 273.45 10830 SH SOLE 10830
TOWER AUTOMOTIVE, INC. COM 891707101 625.89 31590 SH SOLE 31590
TRANSACTION SYSTEMS ARCHITECTS CL A 893416107 765.03 28400 SH SOLE 28400
TRANSWITCH CORP. COM 894065101 1191.30 20900 SH SOLE 20900
TREEV, INC. PFD CONV SER A 894692201 398.56 58500 SH SOLE 58500
TRIGON HEALTHCARE, INC. COM 89618L100 225.22 7800 SH SOLE 7800
TRIUMPH GROUP, INC. COM 896818101 504.69 19000 SH SOLE 19000
TYCO INTERNATIONAL LTD. COM 902124106 22452.95 217462 SH SOLE 217462
US BANCORP COM 902973106 13711.38 454200 SH SOLE 454200
USA NETWORKS, INC. COM 902984103 1081.12 27900 SH SOLE 27900
U.S. FOODSERVICE COM 90331R101 1050.84 58380 SH SOLE 58380
US ONCOLOGY, INC. COM 90338W103 522.93 57700 SH SOLE 57700
UNIONBANCAL CORP. COM 908906100 261.00 7200 SH SOLE 7200
UNISYS CORP. COM 909214108 410.63 9100 SH SOLE 9100
UNITED HEALTHCARE CORP. COM 910581107 248.30 5100 SH SOLE 5100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
U.S. CELLULAR CORP. COM 911684108 897.60 13200 SH SOLE 13200
UNITED TECHNOLOGIES CORP. COM 913017109 14543.54 245200 SH SOLE 245200
UNITEDGLOBALCOM INC. CLA 913247508 940.29 13128 SH SOLE 13128
UNITRODE CORP. COM 913283107 772.80 18400 SH SOLE 18400
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 600.30 23200 SH SOLE 23200
UNIVISION COMMUNICATIONS INC. CL A 914906102 748.65 9200 SH SOLE 9200
USFREIGHTWAYS CORP. COM 916906100 649.03 13700 SH SOLE 13700
USINTERNETWORKING, INC. COM 917311805 946.87 30300 SH SOLE 30300
USWEB CORP. COM 917327108 1401.68 40850 SH SOLE 40850
VALASSIS COMMUNICATIONS, INC. COM 918866104 643.69 14650 SH SOLE 14650
VENTANA MEDICAL SYSTEMS COM 92276H106 176.80 10400 SH SOLE 10400
VETERINARY CENTERS OF AMERICA COM 925514101 266.50 23300 SH SOLE 23300
VIATEL, INC. COM 925529208 1921.59 65000 SH SOLE 65000
VIGNETTE CORP. COM 926734104 298.65 3300 SH SOLE 3300
VISIO CORP. COM 927914101 996.95 25400 SH SOLE 25400
VISUAL NETWORKS, INC. COM 928444108 929.39 21900 SH SOLE 21900
VISX, INC. COM 92844S105 1344.59 17000 SH SOLE 17000
VITESSE SEMICONDUCTOR CORP. COM 928497106 836.67 9800 SH SOLE 9800
VOICESTREAM WIRELESS CORP. COM 928615103 508.56 8240 SH SOLE 8240
WADDELL & REED FINANCIAL, INC. CL A 930059100 1231.43 55500 SH SOLE 55500
WAL-MART STORES INC. COM 931142103 22192.89 466600 SH SOLE 466600
WALGREEN CO. COM 931422109 15631.00 616000 SH SOLE 616000
WASTE MANAGEMENT, INC. SUB NT CONV 4%02 94106LAA7 538.80 600000 PRN SOLE 0
WATERS CORP. COM 941848103 399.71 6600 SH SOLE 6600
WATSCO, INC. COM 942622200 782.60 68800 SH SOLE 68800
WATSON PHARMACEUTICALS, INC. COM 942683103 1183.39 38720 SH SOLE 38720
WEATHERFORD INT'L, INC. COM 947074100 220.80 6900 SH SOLE 6900
WEBTRENDS CORP. COM 94844D104 909.08 20400 SH SOLE 20400
WESLEY JESSEN VISIONCARE, INC. COM 951018100 673.66 21600 SH SOLE 21600
WESTERN WIRELESS CORP. CL A 95988E204 369.51 8240 SH SOLE 8240
WHITTMAN-HART, INC. COM 966834103 814.40 21000 SH SOLE 21000
WHOLE FOODS MARKET INC. COM 966837106 706.73 21600 SH SOLE 21600
WILD OATS MARKETS INC. COM 96808B107 521.40 13200 SH SOLE 13200
WILLIAMS-SONOMA, INC. COM 969904101 1209.21 24900 SH SOLE 24900
WIND RIVER SYSTEMS, INC. COM 973149107 796.10 41900 SH SOLE 41900
XILINX INC. COM 983919101 460.02 7020 SH SOLE 7020
XIRCOM INC. COM 983922105 443.95 10400 SH SOLE 10400
XEROX CORP. COM 984121103 6341.02 151200 SH SOLE 151200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
YOUNG & RUBICAM INC. COM 987425105 233.20 5300 SH SOLE 5300
YOUNG BROADCASTING INC. CL A 987434107 879.90 16800 SH SOLE 16800
ZALE CORP. COM 988858106 249.03 6500 SH SOLE 6500
ZIONS BANCORPORATION COM 989701107 291.61 5290 SH SOLE 5290
ZOMAX OPTICAL MEDIA, INC. COM 989929104 548.55 21200 SH SOLE 21200
TRANSOCEAN OFFSHORE INC. ORD G90076103 202.12 6600 SH SOLE 6600
GALILEO TECHNOLOGY LTD ORD M47298100 250.00 10000 SH SOLE 10000
GILAT SATELLITE NETWORKS LTD ORD M51474100 1512.22 28200 SH SOLE 28200
ORCKIT COMMUNICATIONS LTD. COM M7531S107 226.40 6400 SH SOLE 6400
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 261.00 5800 SH SOLE 5800
GRAND TOTAL $1703896
</TABLE>
