UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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 8/11/99
------------------------- ---------------------- -------
[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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Manager: None
Form 13F Information Table Entry Total: 711
Form 13F Information Table Value Total: $1,842,203
(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.]
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AT&T CANADA INC. DEPS RCPT CL B 00207Q202 627.81 9800 SH SOLE 9800
ADAPTEC INC. COM 00651F108 339.00 9600 SH SOLE 9600
ADTRAN, INC. COM 00738A106 210.97 5800 SH SOLE 5800
ALPHARMA INC. SR SUB CV 144A 0 020813AC5 2492.00 2000000 PRN SOLE 0
AMERICA ONLINE, INC. COM 02364J104 31713.50 287000 SH SOLE 287000
AMERICREDIT CORP. COM 03060R101 950.40 59400 SH SOLE 59400
AMERISOURCE HEALTH CORP. CL A 03071P102 867.00 34000 SH SOLE 34000
APARTMENT INVT & MGMT COMPANY CL A 03748R101 1247.01 29170 SH SOLE 29170
BLYTH INDUSTRIES, INC. COM 09643P108 1127.50 32800 SH SOLE 32800
BRINKER INTERNATIONAL INC. COM 109641100 723.20 26600 SH SOLE 26600
BRISTOL MYERS SQUIBB CO. COM 110122108 15890.81 225600 SH SOLE 225600
BROADVISION, INC. COM 111412102 280.25 3800 SH SOLE 3800
ALASKA AIR GROUP COM 11659109 442.55 10600 SH SOLE 10600
THE BUCKLE, INC. COM 118440106 615.25 21400 SH SOLE 21400
BURR-BROWN CORP. COM 122574106 1375.26 37550 SH SOLE 37550
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 248.20 6800 SH SOLE 6800
C-CUBE MICROSYSTEMS INC. COM 125015107 237.66 7500 SH SOLE 7500
CDW COMPUTER CENTERS, INC. COM 125129106 1196.80 27200 SH SOLE 27200
CIGNA CORP. COM 125509109 7582.80 85200 SH SOLE 85200
CVS CORP. COM 126650100 15407.70 303600 SH SOLE 303600
CADENCE DESIGN SYSTEMS, INC. COM 127387108 360.82 28300 SH SOLE 28300
CAPSTAR HOTEL COMPANY SUB NT CV4.75%04 140918AC7 2079.00 2700000 PRN SOLE 0
CARNIVAL CORP. COM 143658102 14166.85 292100 SH SOLE 292100
CARRIAGE SERVICES, INC. CL A 143905107 450.00 24000 SH SOLE 24000
CASELLA WASTE SYSTEMS, INC. CL A 147448104 904.80 34800 SH SOLE 34800
CATALINA MARKETING CORP. COM 148867104 1168.40 12700 SH SOLE 12700
CATALYTICA, INC. COM 148885106 532.00 38000 SH SOLE 38000
CENTOCOR INC. COM 152342101 293.73 6300 SH SOLE 6300
CENTURY COMMUNICATIONS CORP. CL A 156503104 1085.60 23600 SH SOLE 23600
CENTURY MAINTENANCE SUPPLY COM 156616401 1873.47 18145 SH SOLE 18145
CENTURYTEL INC. COM 156700106 283.61 7135 SH SOLE 7135
CERIDIAN CORP. COM 15677T106 212.47 6500 SH SOLE 6500
CHANCELLOR MEDIA CORP. COM 158915108 1780.53 32300 SH SOLE 32300
CHASE MANHATTAN CORP. COM 16161A108 16372.12 189000 SH SOLE 189000
CHATTEM, INC. COM 162456107 521.73 16400 SH SOLE 16400
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 1132.75 46000 SH SOLE 46000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CHEVRON CORP. COM 166751107 15287.19 160600 SH SOLE 160600
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 3485.62 65000 SH SOLE 65000
CIBER, INC. COM 17163B102 583.31 30500 SH SOLE 30500
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 520.80 5600 SH SOLE 5600
CISCO SYSTEMS, INC. COM 17275R102 46581.90 722200 SH SOLE 722200
CINTAS CORP. COM 172908105 241.87 3600 SH SOLE 3600
CITIGROUP INC. COM 172967101 15689.25 330300 SH SOLE 330300
CITRIX SYSTEMS, INC. COM 177376100 1892.75 33500 SH SOLE 33500
CITY NATIONAL CORP. COM 178566105 1327.17 35450 SH SOLE 35450
CLARIFY INC. COM 180492100 701.25 17000 SH SOLE 17000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 7955.23 115397 SH SOLE 115397
COACH USA, INC. COM 18975L106 1312.65 31300 SH SOLE 31300
COCA-COLA CO. COM 191216100 13156.25 210500 SH SOLE 210500
COGNOS, INC. COM 19244C109 650.32 29900 SH SOLE 29900
KENNETH COLE PRODUCTIONS, INC. COM 193294105 482.23 17300 SH SOLE 17300
COLGATE-PALMOLIVE CO. COM 194162103 7169.25 72600 SH SOLE 72600
ALLIED-SIGNAL INC. COM 19512102 7465.50 118500 SH SOLE 118500
AT&T CORP.-LIBERTY MEDIA GROUP COM 1957109 33969.29 608627 SH SOLE 608627
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 1957208 319.72 8700 SH SOLE 8700
COLUMBIA/HCA HEALTHCARE CORP. COM 197677107 260.06 11400 SH SOLE 11400
COMAIR HOLDINGS, INC. COM 199789108 1158.24 55650 SH SOLE 55650
COMCAST CORP. CL A SPL 200300200 203.72 5300 SH SOLE 5300
COMMERCE BANCORP, INC. COM 200519106 950.88 22243 SH SOLE 22243
COMMUNITY FIRST BANKSHARES INC COM 203902101 1038.56 43500 SH SOLE 43500
COMPUWARE CORP. COM 205638109 432.02 13580 SH SOLE 13580
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 2257.45 29900 SH SOLE 29900
CONCENTRA MANAGED CARE, INC. COM 20589T103 530.30 35800 SH SOLE 35800
CONCORD EFS, INC. COM 206197105 1686.17 39850 SH SOLE 39850
CONSOLIDATED GRAPHICS, INC. COM 209341106 1105.00 22100 SH SOLE 22100
CORT BUSINESS SERVICES CORP. COM 220493100 457.21 19100 SH SOLE 19100
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 281.70 300000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 563.40 600000 PRN SOLE 0
COTELLIGENT, INC. COM 221630106 203.13 26000 SH SOLE 26000
COVANCE INC. COM 222816100 871.34 36400 SH SOLE 36400
COX RADIO, INC. CL A 224051102 1025.32 18900 SH SOLE 18900
CROWN CASTLE INT'L CORP. COM 228227104 686.82 33000 SH SOLE 33000
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 869.70 31200 SH SOLE 31200
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CYTYC CORPORATION COM 232946103 719.55 36900 SH SOLE 36900
DST SYSTEMS, INC. COM 233326107 1276.36 20300 SH SOLE 20300
DALLAS SEMICONDUCTOR CORP. COM 235204104 1302.90 25800 SH SOLE 25800
DARDEN RESTAURANTS INC. COM 237194105 209.40 9600 SH SOLE 9600
DATA PROCESSING RESOURCES CORP COM 237823109 614.25 26000 SH SOLE 26000
DAVE & BUSTER'S, INC. COM 23833N104 1081.70 37300 SH SOLE 37300
DAYTON HUDSON CORP. COM 239753106 15132.00 232800 SH SOLE 232800
AVT CORP. COM 2420107 742.35 19600 SH SOLE 19600
DELL COMPUTER CORPORATION COM 247025109 15173.70 410100 SH SOLE 410100
DENTSPLY INT'L INC. COM 249030107 674.80 24100 SH SOLE 24100
DIAL CORP. COM 25247D101 330.22 8880 SH SOLE 8880
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 494.00 500000 PRN SOLE 0
DIONEX CORP. COM 254546104 611.55 15100 SH SOLE 15100
DISNEY (WALT) CO. COM 254687106 14666.98 476000 SH SOLE 476000
DOLLAR TREE STORES, INC. COM 256747106 1666.28 37870 SH SOLE 37870
AMERICAN EXPRESS CO. COM 25816109 11542.08 88700 SH SOLE 88700
DOVER CORP. COM 260003108 7000.00 200000 SH SOLE 200000
DUPONT (E.I.) DE NEMOURS COM 263534109 15131.32 221500 SH SOLE 221500
DUANE READE INC. COM 263578106 682.93 22300 SH SOLE 22300
AMERICAN HOME PRODUCTS CORP. COM 26609107 16226.50 282200 SH SOLE 282200
DYCOM INDUSTRIES, INC. COM 267475101 1439.20 25700 SH SOLE 25700
EMC CORP. COM 268648102 15642.00 284400 SH SOLE 284400
AMERICAN INT'L GROUP INC. COM 26874107 29549.62 252425 SH SOLE 252425
ENSCO INTERNATIONAL, INC. COM 26874Q100 356.09 17860 SH SOLE 17860
ETEC SYSTEMS, INC. COM 26922C103 482.12 14500 SH SOLE 14500
EARTHLINK NETWORK, INC. COM 270322100 743.39 12100 SH SOLE 12100
ABBOTT LABORATORIES COM 2824100 15383.55 338100 SH SOLE 338100
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 470.25 9500 SH SOLE 9500
ELECTRONIC ARTS INC. COM 285512109 1280.30 23600 SH SOLE 23600
ELECTRONICS FOR IMAGING, INC. COM 286082102 755.21 14700 SH SOLE 14700
ABERCROMBIE & FITCH COMPANY CL A 2896207 345.60 7200 SH SOLE 7200
AMERICAN POWER CONVERSION CORP COM 29066107 856.52 42560 SH SOLE 42560
EMMIS COMMUNICATIONS CORP. CL A 291525103 1313.37 26600 SH SOLE 26600
ENGINEERING ANIMATION, INC. COM 292872108 381.38 18000 SH SOLE 18000
ETHAN ALLEN INTERIORS INC. COM 297602104 237.82 6300 SH SOLE 6300
AMERICAN TOWER CORP. CL A 29912201 1344.00 56000 SH SOLE 56000
GREAT PLAINS SOFTWARE INC. COM 3.91E+109 575.69 12200 SH SOLE 12200
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EXCEL SWITCHING CORP. COM 30067V108 224.53 7500 SH SOLE 7500
EXPRESS SCRIPTS, INC. CL A 302182100 1306.07 21700 SH SOLE 21700
EXXON CORP. COM 302290101 15070.22 195400 SH SOLE 195400
FACTSET RESEARCH SYSTEMS INC. COM 303075105 679.50 12000 SH SOLE 12000
FAMILY DOLLAR STORES, INC. COM 307000109 1161.60 48400 SH SOLE 48400
AMERITECH CORP. COM 30954101 15861.30 215800 SH SOLE 215800
FEDERAL HOME LOAN MTG CORP. COM 313400301 15259.80 263100 SH SOLE 263100
FEDERAL NATIONAL MTG ASSOC. COM 313586109 16348.46 239100 SH SOLE 239100
FINOVA GROUP, INC. COM 317928109 600.97 11420 SH SOLE 11420
FIRST CONSULTING GROUP, INC. COM 31986R103 342.12 32200 SH SOLE 32200
FIRST HEALTH GROUP CORP. COM 320960107 692.17 32100 SH SOLE 32100
ANALOG DEVICES, INC. COM 32654105 958.59 19100 SH SOLE 19100
FIRSTAR CORPORATION COM 33763V109 210.00 7500 SH SOLE 7500
FOREST LABORATORIES, INC. CL A 345838106 629.92 13620 SH SOLE 13620
FOSSIL INC. COM 349882100 1088.43 22500 SH SOLE 22500
FURNITURE BRANDS INT'L, INC. COM 360921100 289.90 10400 SH SOLE 10400
AAR CORP. COM 361105 542.47 23910 SH SOLE 23910
G & K SERVICES INC. CL A 361268105 1099.87 21000 SH SOLE 21000
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 1359.00 1000000 PRN SOLE 0
GALILEO INT'L, INC. COM 363547100 299.25 5600 SH SOLE 5600
GAP INC. COM 364760108 17904.53 355425 SH SOLE 355425
GARTNER GROUP, INC. COM 366651107 479.70 23400 SH SOLE 23400
GAYLORD CONTAINER CORP CL A 368145108 889.15 112013 SH SOLE 112013
GAYLORD CONTAINER CORP WT EXP 110202 368145116 1236.98 154623 SH SOLE 154623
GENERAL ELECTRIC CO. COM 369604103 46827.20 414400 SH SOLE 414400
GENERAL INSTRUMENT CORP. COM 370120107 425.00 10000 SH SOLE 10000
GENTEX CORP. COM 371901109 1478.40 52800 SH SOLE 52800
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 324.95 6700 SH SOLE 6700
GILEAD SCIENCES, INC. COM 375558103 232.51 4450 SH SOLE 4450
GILLETTE CO. COM 375766102 6227.90 151900 SH SOLE 151900
APOLLO GROUP, INC. CL A 37604105 1098.64 41360 SH SOLE 41360
APPLEBEES INT'L INC. COM 37899101 840.48 27900 SH SOLE 27900
GLOBAL MARINE INC. COM 379352404 317.09 20540 SH SOLE 20540
GLOBAL TELESYSTEMS GROUP INC. COM 37936U104 291.60 3600 SH SOLE 3600
GOLDMAN SACHS GROUP, INC. COM 38141G104 1379.97 19100 SH SOLE 19100
GRANITE BROADCASTING CORP. PFD CONV EXCH 387241201 2000.75 53000 SH SOLE 53000
GROUP1 AUTOMOTIVE, INC. COM 398905109 583.05 27600 SH SOLE 27600
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
IMAX CORP. COM 4.52E+113 1437.75 63900 SH SOLE 63900
GULFSTREAM AEROSPACE CORP. COM 402734107 256.73 3800 SH SOLE 3800
HA-LO INDUSTRIES, INC. COM 404429102 448.67 45435 SH SOLE 45435
HALLIBURTON CO. COM 406216101 16371.45 361800 SH SOLE 361800
HARTE-HANKS, INC. COM 416196103 678.12 25000 SH SOLE 25000
HEALTHSOUTH CORP. COM 421924101 213.01 14260 SH SOLE 14260
HEALTH MGMT ASSOCIATES INC. CL A 421933102 113.06 10050 SH SOLE 10050
HEALTHCARE FINANCIAL PARTNERS COM 42219W108 743.22 21700 SH SOLE 21700
JACK HENRY & ASSOCIATES, INC. COM 426281101 635.85 16200 SH SOLE 16200
HERSHEY FOODS CORP. COM 427866108 7718.75 130000 SH SOLE 130000
HISPANIC BROADCASTING CORP. CL A 43357B104 1054.66 13900 SH SOLE 13900
HOME DEPOT, INC. COM 437076102 15819.52 245500 SH SOLE 245500
HOME DEPOT, INC. SB NT CV 3.25%01 437076AE2 415.20 150000 PRN SOLE 0
HONEYWELL INC. COM 438506107 7473.93 64500 SH SOLE 64500
HYPERION SOLUTIONS CORP. COM 44914M104 697.11 39135 SH SOLE 39135
ICG COMMUNICATIONS, INC. COM 449246107 1761.30 82400 SH SOLE 82400
ITC DELTACOM INC. COM 45031T104 711.20 25400 SH SOLE 25400
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 804.04 30850 SH SOLE 30850
ILLINOIS TOOL WORKS INC. COM 452308109 15924.40 194200 SH SOLE 194200
IMR GLOBAL CORP COM 45321W106 481.25 25000 SH SOLE 25000
INHALE THERAPEUTIC SYSTEMS COM 457191104 828.69 34800 SH SOLE 34800
INSIGHT ENTERPRISES, INC. COM 45765U103 1277.10 51600 SH SOLE 51600
INSITUFORM TECHNOLOGIES CL A 457667103 637.93 29500 SH SOLE 29500
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 3168.00 4400000 PRN SOLE 0
INTEL CORP. COM 458140100 32796.40 551200 SH SOLE 551200
INTER-TEL INC. COM 458372109 412.45 22600 SH SOLE 22600
INTERMEDIA COMMUNICATIONS INC. COM 458801107 351.39 11713 SH SOLE 11713
EXCITE AT HOME CORPORATION COM SER A 45919107 15715.75 291367 SH SOLE 291367
INTERNATIONAL BUS. MACHINES COM 459200101 19477.97 150700 SH SOLE 150700
INTL' NETWORK SERVICES COM 460053101 1041.67 25800 SH SOLE 25800
ASSOCIATES FIRST CAPITAL CORP CL A 46008108 16528.74 373000 SH SOLE 373000
INTERPUBLIC GROUP COMPANY INC. COM 460690100 219.16 2530 SH SOLE 2530
INTERVOICE, INC. COM 461142101 612.17 42400 SH SOLE 42400
INTUIT INC. COM 461202103 1279.77 14200 SH SOLE 14200
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 2019.60 3600000 PRN SOLE 0
JOHNSON & JOHNSON COM 478160104 23265.20 237400 SH SOLE 237400
JONES APPAREL GROUP INC. COM 480074103 1362.22 39700 SH SOLE 39700
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
JONES PHARMA INC. COM 480236108 1063.12 27000 SH SOLE 27000
KLA INSTRUMENTS CORP. COM 482480100 252.36 3890 SH SOLE 3890
K-V PHARMACEUTICAL COMPANY CL A 482740206 195.30 12600 SH SOLE 12600
ACNIELSEN CORP. COM 4833109 1098.07 36300 SH SOLE 36300
KANSAS CITY SOUTHERN INDS INC. COM 485170104 204.20 3200 SH SOLE 3200
KEANE, INC. COM 486665102 633.50 28000 SH SOLE 28000
ATMEL CORPORATION COM 49513104 256.64 9800 SH SOLE 9800
KOHLS CORP. COM 500255104 208.40 2700 SH SOLE 2700
KROGER CO. (THE) COM 501044101 15406.13 551440 SH SOLE 551440
ACXIOM CORP. COM 5125109 224.44 9000 SH SOLE 9000
LAM RESEARCH CORP COM 512807108 275.45 5900 SH SOLE 5900
LAMAR ADVERTISING COMPANY CL A 512815101 266.09 6500 SH SOLE 6500
LASON HOLDINGS, INC. COM 51808R107 1181.07 23800 SH SOLE 23800
LATTICE SEMICONDUCTOR CORP. COM 518415104 1562.47 25100 SH SOLE 25100
LEARNING TREE INT'L, INC. COM 522015106 366.42 33500 SH SOLE 33500
LEGATO SYSTEMS, INC. COM 524651106 1547.70 26800 SH SOLE 26800
LEGGETT & PLATT INC. COM 524660107 285.91 10280 SH SOLE 10280
LEGG MASON, INC. COM 524901105 1270.50 33000 SH SOLE 33000
LEVEL ONE COMMUNICATIONS, INC. COM 527295109 1864.53 38100 SH SOLE 38100
LEXMARK INT'L GROUP, INC. CL A 529771107 1149.49 17400 SH SOLE 17400
AUTOMATIC DATA PROCESSING INC. COM 53015103 15180.00 345000 SH SOLE 345000
LILLY (ELI) & COMPANY COM 532457108 15227.47 212600 SH SOLE 212600
LINCARE HOLDINGS, INC. COM 532791100 1060.00 42400 SH SOLE 42400
LINEAR TECHNOLOGY CORP. COM 535678106 480.16 7140 SH SOLE 7140
LINENS 'N THINGS, INC. COM 535679104 1102.50 25200 SH SOLE 25200
LIPOSOME COMPANY, INC. COM 536310105 610.08 31900 SH SOLE 31900
AVIATION SALES COMPANY COM 53672101 395.00 10000 SH SOLE 10000
AVIS RENT A CAR, INC. COM 53790101 599.97 20600 SH SOLE 20600
AVONDALE INDUSTRIES, INC. COM 54350103 214.50 5500 SH SOLE 5500
LUCENT TECHNOLOGIES, INC. COM 549463107 15480.79 229556 SH SOLE 229556
MBNA CORP. COM 55262L100 15232.10 497375 SH SOLE 497375
MCI WORLDCOM, INC. COM 55268B106 39175.87 455200 SH SOLE 455200
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 350.55 34200 SH SOLE 34200
MACDERMID, INC. COM 554273102 492.90 10600 SH SOLE 10600
BISYS (THE) GROUP, INC. COM 55472104 1345.50 23000 SH SOLE 23000
BJ SERVICES COMPANY COM 55482103 1182.23 40160 SH SOLE 40160
MACROMEDIA, INC. COM 556100105 571.05 16200 SH SOLE 16200
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MAGELLAN HEALTH SERVICES, INC. COM 559079108 350.00 35000 SH SOLE 35000
BMC SOFTWARE, INC. COM 55921100 407.70 7550 SH SOLE 7550
MAPICS, INC. COM 564910107 215.48 20400 SH SOLE 20400
BAKER HUGHES INC. COM 57224107 271.35 8100 SH SOLE 8100
MASTECH CORPORATION COM 57632N105 825.08 44300 SH SOLE 44300
MATTEL INC. COM 577081102 15336.68 580100 SH SOLE 580100
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 1721.02 25880 SH SOLE 25880
MAYTAG CORP. COM 578592107 7944.43 114000 SH SOLE 114000
MCDONALDS CORP. COM 580135101 14612.40 353700 SH SOLE 353700
MCLEODUSA INC. COM 582266102 258.50 4700 SH SOLE 4700
MEDCO RESEARCH, INC. COM 584059109 989.62 37700 SH SOLE 37700
MEDIA GENERAL, INC. CL A 584404107 494.70 9700 SH SOLE 9700
MEDIAONE GROUP, INC. COM 58440J104 7430.06 99900 SH SOLE 99900
MEDIMMUNE, INC. COM 584699102 243.90 3600 SH SOLE 3600
MEDQUIST INC. COM 584949101 1141.87 26100 SH SOLE 26100
MEDTRONIC INC. COM 585055106 17981.41 230901 SH SOLE 230901
MEN'S (THE) WEARHOUSE, INC. COM 587118100 787.31 30875 SH SOLE 30875
MENTOR CORP/MINN COM 587188103 1015.06 54500 SH SOLE 54500
MERCK AND CO. INC. COM 589331107 23739.20 320800 SH SOLE 320800
MERCURY INTERACTIVE CORP. COM 589405109 672.12 19000 SH SOLE 19000
MERRILL LYNCH & CO., INC. COM 590188108 7234.38 90500 SH SOLE 90500
MESABA HOLDINGS, INC. COM 59066B102 489.60 38400 SH SOLE 38400
META GROUP, INC. COM 591002100 645.75 42000 SH SOLE 42000
METAMOR WORLDWIDE, INC. COM 59133P100 1236.83 51400 SH SOLE 51400
METRIS COMPANIES INC. COM 591598107 973.92 23900 SH SOLE 23900
METZLER GROUP, INC. COM 592903108 848.08 30700 SH SOLE 30700
MICREL, INC. COM 594793101 1398.60 18900 SH SOLE 18900
MICROSOFT CORP. COM 594918104 46257.42 512900 SH SOLE 512900
MICROCHIP TECHNOLOGY INC COM 595017104 1636.33 34540 SH SOLE 34540
MILLIPORE CORPORATION COM 601073109 239.32 5900 SH SOLE 5900
MINIMED INC. COM 60365K108 238.50 3100 SH SOLE 3100
BANK OF AMERICA CORP. COM 60505104 22668.37 309200 SH SOLE 309200
MOBIL CORP. COM 607059102 14483.70 146300 SH SOLE 146300
MODIS PROFESSIONAL SERVICES COM 607830106 1057.37 76900 SH SOLE 76900
MOHAWK INDUSTRIES, INC. COM 608190104 346.27 11400 SH SOLE 11400
MONSANTO COMPANY COM 611662107 15116.58 383300 SH SOLE 383300
MORGAN STANLEY DEAN WITTER COM NEW 617446448 8200.00 80000 SH SOLE 80000
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MOTOROLA, INC. COM 620076109 15311.60 161600 SH SOLE 161600
NCI BUILDING SYSTEMS, INC. COM 628852105 773.77 36200 SH SOLE 36200
NCO GROUP, INC. COM 628858102 1379.40 36300 SH SOLE 36300
NABORS INDUSTRIES, INC. COM 629568106 351.90 14400 SH SOLE 14400
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1024.65 30360 SH SOLE 30360
NATIONAL DATA CORP COM 635621105 1355.17 31700 SH SOLE 31700
NATIONAL INSTRUMENTS CORP. COM 636518102 1170.87 29000 SH SOLE 29000
NEIMAN MARCUS GROUP, INC. COM 640204103 852.84 33200 SH SOLE 33200
BANK OF NEW YORK CO. COM 64057102 15441.97 420900 SH SOLE 420900
NETWORK ASSOCIATES, INC. COM 640938106 286.41 19500 SH SOLE 19500
NETWORK ASSOCIATES, INC. SB DB CV ZERO 18 640938AB2 3552.00 12000000 PRN SOLE 0
NETGRAVITY, INC. COM 641114103 511.87 22500 SH SOLE 22500
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 348.35 6941 SH SOLE 6941
NOBLE AFFILIATES INC. COM 654894104 600.40 21300 SH SOLE 21300
NORTH FORK BANCORPORATION, INC COM 659424105 1074.17 50400 SH SOLE 50400
NORTHERN TRUST CORP. COM 665859104 252.20 2600 SH SOLE 2600
NOVA CORPORATION COM 669784100 1243.12 49725 SH SOLE 49725
NOVELL INC. COM 670006105 503.50 19000 SH SOLE 19000
NOVELLUS SYSTEMS INC. COM 670008101 1590.90 23310 SH SOLE 23310
NOVOSTE CORP. COM 67010C100 625.80 29800 SH SOLE 29800
OAK INDUSTRIES INC. COM NEW 671400505 221.49 5070 SH SOLE 5070
OCEANEERING INT'L INC. COM 675232102 667.57 41400 SH SOLE 41400
OFFICE DEPOT, INC. COM 676220106 1338.01 60645 SH SOLE 60645
BARNES & NOBLE, INC. COM 67774109 632.36 23100 SH SOLE 23100
OMNICARE, INC. COM 681904108 582.01 46100 SH SOLE 46100
OMNICOM GROUP INC. COM 681919106 16052.00 200650 SH SOLE 200650
BARR LABORATORIES, INC. COM 68306109 737.68 18500 SH SOLE 18500
ORACLE CORPORATION COM 68389X105 16923.43 455850 SH SOLE 455850
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 6848402 2010.00 10000 SH SOLE 10000
ORBITAL SCIENCES CORP. COM 685564106 649.68 27500 SH SOLE 27500
O'REILLY AUTOMOTIVE INC. COM 686091109 1521.32 30200 SH SOLE 30200
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 870.10 61600 SH SOLE 61600
OUTBACK STEAKHOUSE, INC. COM 689899102 1798.56 45750 SH SOLE 45750
OUTDOOR SYSTEMS, INC. COM 690057104 1889.60 51770 SH SOLE 51770
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 1750.00 40000 SH SOLE 40000
OXFORD HEALTH PLANS, INC. COM 691471106 160.29 10300 SH SOLE 10300
PMC-SIERRA, INC. COM 69344F106 1244.77 21120 SH SOLE 21120
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PRI AUTOMATION, INC. COM 69357H106 315.37 8700 SH SOLE 8700
PSS WORLD MEDICAL, INC. COM 69366A100 689.18 61600 SH SOLE 61600
PACIFIC GATEWAY EXCHANGE, INC. COM 694327107 585.41 20100 SH SOLE 20100
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 948.79 38925 SH SOLE 38925
PACIFICARE HEALTH SYSTEMS, INC CL A 695112102 942.38 13100 SH SOLE 13100
PAGEMART WIRELESS, INC. CL A 69553J104 847.05 112000 SH SOLE 112000
PATTERSON DENTAL COMPANY COM 703412106 573.37 16500 SH SOLE 16500
PAYMENTECH, INC. COM 704384106 383.16 15100 SH SOLE 15100
PEGASUS SYSTEMS, INC. COM 705906105 471.71 12600 SH SOLE 12600
PEPSICO, INC. COM 713448108 22829.78 590100 SH SOLE 590100
PEREGRINE SYSTEMS, INC. COM 71366Q101 685.86 26700 SH SOLE 26700
PFIZER INC. COM 717081103 30960.47 282100 SH SOLE 282100
PHYMATRIX CORP. SB DB CV 144A 03 718925AA8 1101.60 2400000 PRN SOLE 0
PINNACLE SYSTEMS, INC. COM 723481107 1573.65 46800 SH SOLE 46800
PLEXUS CORP. COM 729132100 973.03 32300 SH SOLE 32300
POLYCOM INC. COM 73172K104 705.90 18100 SH SOLE 18100
BEA SYSTEMS, INC. COM 73325102 305.62 10700 SH SOLE 10700
POWERTEL, INC. COM 73936C109 1792.50 60000 SH SOLE 60000
PRAXAIR INC. COM 74005P104 7022.60 143500 SH SOLE 143500
PRE-PAID LEGAL SERVICES, INC. COM 740065107 598.13 22000 SH SOLE 22000
PREMIER PARKS INC. COM NEW 740540208 235.20 6400 SH SOLE 6400
PREMISYS COMMUNICATIONS, INC. COM 740584107 216.46 29600 SH SOLE 29600
PREVIEW TRAVEL, INC. CL A 74137R101 634.00 28900 SH SOLE 28900
PRICE COMMUNICATIONS CORP. COM NEW 741437305 1552.08 103472 SH SOLE 103472
PRIDE INTERNATIONAL, INC. SB DB CV ZRO 18 741932AB3 753.60 2400000 PRN SOLE 0
PRIORITY HEALTHCARE CORP. CL B 74264T102 1143.67 33150 SH SOLE 33150
PROCTER & GAMBLE COMPANY COM 742718109 15591.97 174700 SH SOLE 174700
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 524.55 80700 SH SOLE 80700
PROFIT RECOVERY GROUP INT'L COM 743168106 255.49 5400 SH SOLE 5400
PROTECTION ONE ALARM MONITORNG SRSBNTCV 6.75%03 743659AL8 2186.40 2400000 PRN SOLE 0
PROTECTION LIFE CORP COM 743674103 1059.30 32100 SH SOLE 32100
PROVIDENT COMPANIES, INC. COM 743862104 255.60 6390 SH SOLE 6390
PROXIM, INC. COM 744284100 2186.60 37700 SH SOLE 37700
PSINET INC. PFD C CV 6 3/4 74437C309 2895.00 60000 SH SOLE 60000
QRS CORP. COM 74726X105 1794.00 23000 SH SOLE 23000
QLOGIC CORP. COM 747277101 1887.60 14300 SH SOLE 14300
QUIKSILVER, INC. COM 74838C106 762.34 29250 SH SOLE 29250
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
QWEST COMMUNICATIONS INT'L INC COM 749121109 214.90 6500 SH SOLE 6500
RF MICRO DEVICES, INC. COM 749941100 462.67 6200 SH SOLE 6200
RATIONAL SOFTWARE CORP. COM NEW 75409P202 372.19 11300 SH SOLE 11300
BECTON, DICKINSON AND COMPANY COM 75887109 11100.00 370000 SH SOLE 370000
BED, BATH & BEYOND INC. COM 75896100 873.18 22680 SH SOLE 22680
RENAL CARE GROUP, INC. COM 759930100 667.57 25800 SH SOLE 25800
RENT-A-CENTER, INC. COM 76009N100 1013.04 42210 SH SOLE 42210
RENT-WAY, INC. COM 76009U104 935.75 38000 SH SOLE 38000
RICHFOOD HOLDINGS, INC. COM 763408101 576.33 32700 SH SOLE 32700
ROBERTS PHARMACEUTICAL CORP. COM 770491108 1139.75 47000 SH SOLE 47000
ROMAC INTERNATIONAL, INC. COM 775835101 433.10 48800 SH SOLE 48800
ROSS STORES INC COM 778296103 705.25 14000 SH SOLE 14000
BELL ATLANTIC CORP. COM 77853109 16683.70 255200 SH SOLE 255200
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 15249.27 253100 SH SOLE 253100
SBC COMMUNICATIONS INC. COM 78387G103 15926.80 274600 SH SOLE 274600
SCI SYSTEMS, INC. COM 783890106 1477.25 31100 SH SOLE 31100
SFX ENTERTAINMENT, INC. CL A 784178105 1408.00 22000 SH SOLE 22000
SLI, INC. COM 78442T108 783.00 29000 SH SOLE 29000
SAFEWAY INC. COM NEW 786514208 15003.45 303100 SH SOLE 303100
ST. JUDE MEDICAL, INC. COM 790849103 206.62 5800 SH SOLE 5800
SANMINA CORP. COM 800907107 2314.18 30500 SH SOLE 30500
SAVILLE SYSTEMS IRELAND PLC SPONSORED ADR 805174109 590.15 40700 SH SOLE 40700
HENRY SCHEIN, INC. COM 806407102 764.94 24140 SH SOLE 24140
SCHERING PLOUGH CORP. COM 806605101 24072.60 454200 SH SOLE 454200
SCHLUMBERGER LTD. COM 806857108 15294.80 240152 SH SOLE 240152
SCHWAB (CHARLES) CORP. COM 808513105 16591.12 151000 SH SOLE 151000
SECURITY DYNAMICS TECH., INC. COM 814208104 1309.00 61600 SH SOLE 61600
SELECT COMFORT CORP. COM 81616X103 219.87 24600 SH SOLE 24600
SEROLOGICALS CORP. COM 817523103 397.02 48865 SH SOLE 48865
AFFILIATED COMPUTER SERVICES CL A 8190100 1721.25 34000 SH SOLE 34000
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 358.80 13800 SH SOLE 13800
AFFILIATED MANGERS GROUP, INC. COM 8252108 1032.42 34200 SH SOLE 34200
SIEBEL SYSTEMS, INC. COM 826170102 298.68 4500 SH SOLE 4500
SIMPSON MANUFACTURING COMPANY COM 829073105 665.00 14000 SH SOLE 14000
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1275.87 29500 SH SOLE 29500
SMITH INT'L, INC. COM 832110100 539.06 12410 SH SOLE 12410
SMITHFIELD FOODS, INC. COM 832248108 1247.23 37300 SH SOLE 37300
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SONIC CORP. COM 835451105 440.43 13500 SH SOLE 13500
SOUTHERN COMPANY COM 842587107 14532.60 548400 SH SOLE 548400
SOUTHTRUST CORP. COM 844730101 245.60 6400 SH SOLE 6400
SOUTHWEST AIRLINES CO. COM 844741108 14692.71 472055 SH SOLE 472055
STAFFMARK, INC. COM 852389105 126.39 12600 SH SOLE 12600
STAPLES INC. COM 855030102 361.04 11670 SH SOLE 11670
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 2211.45 128663 SH SOLE 128663
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 779.10 29400 SH SOLE 29400
STERIS CORPORATION COM 859152100 605.66 31260 SH SOLE 31260
STERLING COMMERCE, INC. COM 859205106 743.50 20370 SH SOLE 20370
STRAYER EDUCATION, INC. COM 863236105 457.25 14900 SH SOLE 14900
STRYKER CORP. COM 863667101 294.61 4900 SH SOLE 4900
SUIZA FOODS CORP. COM 865077101 201.00 4800 SH SOLE 4800
BEST BUY CO. INC. COM 86516101 9396.00 139200 SH SOLE 139200
SUMMIT DESIGN, INC. COM 86605U101 266.10 88700 SH SOLE 88700
SUN MICROSYSTEMS INC. COM 866810104 16461.12 239000 SH SOLE 239000
SUNGARD DATA SYSTEMS INC. COM 867363103 1310.31 37980 SH SOLE 37980
SUNTERRA CORP. COM 86787D109 856.49 61450 SH SOLE 61450
SUPERIOR SERVICES, INC. COM 868316100 605.81 22700 SH SOLE 22700
SWIFT TRANSPORTATION CO. INC. COM 870756103 999.90 45450 SH SOLE 45450
SYBRON CORP. COM 87114F106 1441.54 52300 SH SOLE 52300
SYKES ENTERPRISES, INC. COM 871237103 1201.50 36000 SH SOLE 36000
SYLVAN LEARNING SYSTEMS, INC. COM 871399101 978.76 36000 SH SOLE 36000
SYMANTEC CORP. COM 871503108 752.25 29500 SH SOLE 29500
SYMBOL TECHNOLOGIES, INC. COM 871508107 1974.65 53550 SH SOLE 53550
SYNOPSYS INC. COM 871607107 2023.19 36660 SH SOLE 36660
TCA CABLE TV, INC. COM 872241104 1054.50 19000 SH SOLE 19000
TJX COMPANIES INC. COM 872540109 280.16 8410 SH SOLE 8410
TV GUIDE, INC. CL A 87307Q109 1054.80 28800 SH SOLE 28800
BETHLEHEM STEEL CORP. COM 87509105 98.40 12800 SH SOLE 12800
TECH DATA CORP. COM 878237106 1009.80 26400 SH SOLE 26400
TELEBANC FINANCIAL CORP. COM 87925R109 643.25 16600 SH SOLE 16600
TELLABS, INC. COM 879664100 14851.69 219820 SH SOLE 219820
TERADYNE INC. COM 880770102 1779.40 24800 SH SOLE 24800
TEREX CORP. COM 880779103 779.21 25600 SH SOLE 25600
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 205.80 4200 SH SOLE 4200
TETRA TECH, INC. COM 88162G103 872.43 52875 SH SOLE 52875
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
TEXAS INSTRUMENTS INC. COM 882508104 10150.00 70000 SH SOLE 70000
THERAGENICS CORP. COM 883375107 434.31 62600 SH SOLE 62600
ADC TELECOMMUNICATIONS INC. COM 886101 492.08 10800 SH SOLE 10800
TIME WARNER INC. COM 887315109 15658.44 213040 SH SOLE 213040
TOTAL RENAL CARE HOLDINGS, INC SB NT CV144A7%09 89151AAA5 3119.80 3800000 PRN SOLE 0
TOWER AUTOMOTIVE, INC. COM 891707101 803.58 31590 SH SOLE 31590
TRANSACTION SYSTEMS ARCHITECTS CL A 893416107 963.30 24700 SH SOLE 24700
TREEV, INC. PFD CONV SER A 894692201 577.68 58500 SH SOLE 58500
TRIGON HEALTHCARE, INC. COM 89618L100 240.07 6600 SH SOLE 6600
TRIUMPH GROUP, INC. COM 896818101 561.00 22000 SH SOLE 22000
WESTERN WIRELESS CORP. CL A 9.60E+208 222.48 8240 SH SOLE 8240
TYCO INTERNATIONAL LTD. COM 902124106 15971.24 168562 SH SOLE 168562
US BANCORP COM 902973106 15442.80 454200 SH SOLE 454200
USA NETWORKS, INC. COM 902984103 1420.42 35400 SH SOLE 35400
U.S. FOODSERVICE COM 90331R101 1244.22 29190 SH SOLE 29190
BIOGEN, INC. COM 90597105 1614.25 25100 SH SOLE 25100
UNIPHASE CORP. COM 909149106 1915.64 11540 SH SOLE 11540
UNISYS CORP. COM 909214108 354.33 9100 SH SOLE 9100
UNITED INT'L HOLDINGS, INC. CL A 910734102 676.25 10000 SH SOLE 10000
U.S. CELLULAR CORP. COM 911684108 706.20 13200 SH SOLE 13200
UNITED TECHNOLOGIES CORP COM 913017109 15470.27 215800 SH SOLE 215800
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 1303.57 27300 SH SOLE 27300
UNIVISION COMMUNICATIONS INC. CL A 914906102 1445.40 21900 SH SOLE 21900
AIR PRODUCTS AND CHEMICALS INC COM 9158106 7285.25 181000 SH SOLE 181000
USFREIGHTWAYS CORP. COM 916906100 1043.89 22540 SH SOLE 22540
USINTERNETWORKING, INC. COM 917311805 525.00 12500 SH SOLE 12500
USWEB CORP. COM 917327108 1015.10 45750 SH SOLE 45750
BLACK & DECKER CORP. COM 91797100 237.35 3760 SH SOLE 3760
BLACK BOX CORP. COM 91826107 927.31 18500 SH SOLE 18500
VALASSIS COMMUNICATIONS, INC. COM 918866104 928.44 25350 SH SOLE 25350
VENTANA MEDICAL SYSTEMS COM 92276H106 248.62 13000 SH SOLE 13000
VERITAS SOFTWARE CORP. COM 923436109 1765.84 18600 SH SOLE 18600
VETERINARY CENTERS OF AMERICA COM 925514101 193.95 14300 SH SOLE 14300
VIATEL, INC. COM 925529208 4209.37 75000 SH SOLE 75000
VISIO CORP. COM 927914101 966.80 25400 SH SOLE 25400
VISX, INC. COM 92844S105 1979.70 25000 SH SOLE 25000
VITESSE SEMICONDUCTOR CORP. COM 928497106 1854.54 27500 SH SOLE 27500
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VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
VOICESTREAM WIRELESS CORP. COM 928615103 234.32 8240 SH SOLE 8240
WADDELL & REED FINANCIAL, INC. CL A 930059100 1385.61 50500 SH SOLE 50500
WAL-MART STORES INC. COM 931142103 31015.10 642800 SH SOLE 642800
WALGREEN CO. COM 931422109 16226.75 552400 SH SOLE 552400
E.W. BLANCH HOLDINGS INC. COM 93210102 668.24 9800 SH SOLE 9800
WASTE MANAGEMENT, INC. COM 94106L109 277.88 5170 SH SOLE 5170
WASTE MANAGEMENT, INC. SUB NT CONV 4%02 94106LAA7 780.00 600000 PRN SOLE 0
WATERS CORP. COM 941848103 223.12 4200 SH SOLE 4200
WATSCO, INC. COM 942622200 856.41 52300 SH SOLE 52300
WATSON PHARMACEUTICALS, INC. COM 942683103 1161.28 33120 SH SOLE 33120
WEATHERFORD INT'L, INC. COM 947074100 252.71 6900 SH SOLE 6900
WEBTRENDS CORP. COM 94844D104 940.95 20400 SH SOLE 20400
WESLEY JESSEN VISIONCARE, INC. COM 951018100 699.30 21600 SH SOLE 21600
WHOLE FOODS MARKET INC. COM 966837106 918.00 19100 SH SOLE 19100
WILLIAMS-SONOMA, INC. COM 969904101 1201.04 34500 SH SOLE 34500
BOEING COMPANY COM 97023105 8042.21 182000 SH SOLE 182000
WIND RIVER SYSTEMS, INC. COM 973149107 592.72 36900 SH SOLE 36900
WORLD COLOR PRESS, INC. COM 981443104 330.00 12000 SH SOLE 12000
XILINX INC. COM 983919101 550.74 9620 SH SOLE 9620
XEROX CORP. COM 984121103 15746.19 266600 SH SOLE 266600
YOUNG & RUBICAM INC. COM 987425105 240.82 5300 SH SOLE 5300
YOUNG BROADCASTING INC. CL A 987434107 715.05 16800 SH SOLE 16800
ZIONS BANCORPORATION COM 989701107 1009.01 15890 SH SOLE 15890
BORDERS GROUP INC. COM 99709107 360.53 22800 SH SOLE 22800
GEMSTAR INT'L GROUP LTD. ORD G3788V106 300.15 4600 SH SOLE 4600
GALILEO TECHNOLOGY LTD ORD M47298100 280.94 6200 SH SOLE 6200
GILAT SATELLITE NETWORKS LTD ORD M51474100 1480.50 28200 SH SOLE 28200
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 253.75 5800 SH SOLE 5800
GRAND TOTAL $1842203
</TABLE>
