UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/00
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: Marlene J. Nogle
Title: Assistant Secretary
Phone: (612) 340-8492
Signature, Place, and Date of Signing:
/s/ Marlene J. Nogle Minneapolis, Minnesota 08/01/00
------------------------- ---------------------- -------
[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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Manager: None
Form 13F Information Table Entry Total: 631
Form 13F Information Table Value Total: $2,076,919
(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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<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 10848.72 129344 SH SOLE 129344
AES (THE) CORP. COM 00130H105 7906.81 173300 SH SOLE 173300
AMFM INC. COM 001693100 287.73 4170 SH SOLE 4170
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 8296.72 262347 SH SOLE 262347
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 7220.92 297770 SH SOLE 297770
AT&T CORP.-LIBERTY MEDIA GROUP COM WIRLES GRP 001957406 900.36 32300 SH SOLE 32300
ATMI, INC. COM 00207R101 1850.70 39800 SH SOLE 39800
ABBOTT LABORATORIES COM 002824100 9687.99 217400 SH SOLE 217400
ABGENIX, INC. COM 00339B107 2025.61 16900 SH SOLE 16900
ACCREDO HEALTH, INC. COM 00437V104 1275.37 36900 SH SOLE 36900
ACTEL CORP. COM 004934105 1533.00 33600 SH SOLE 33600
ACTUATE CORP. COM 00508B102 971.42 18200 SH SOLE 18200
ACXIOM CORP. COM 005125109 1752.17 64300 SH SOLE 64300
ADELPHIA BUSINESS SOLUTIONS CL A 006847107 1292.70 55749 SH SOLE 55749
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 006848402 1432.50 10000 SH SOLE 10000
ADOBE SYSTEMS INC. COM 00724F101 260.00 2000 SH SOLE 2000
ADVANCE PARADIGM, INC. COM 007491103 1141.85 55700 SH SOLE 55700
ADVANCED DIGITAL INFO CORP. COM 007525108 549.86 34500 SH SOLE 34500
ADVANCED FIBRE COMMUNICATIONS COM 00754A105 1082.98 23900 SH SOLE 23900
AEROFLEX INC. COM 007768104 407.44 8200 SH SOLE 8200
ADVANCED ENERGY INDUSTRIES COM 007973100 436.14 7400 SH SOLE 7400
ADVENT SOFTWARE, INC. COM 007974108 2592.90 40200 SH SOLE 40200
AFFILIATED MANGERS GROUP, INC. COM 008252108 1510.60 33200 SH SOLE 33200
AGILENT TECHNOLOGIES, INC. COM 00846U101 6240.57 84618 SH SOLE 84618
AIR PRODUCTS AND CHEMICALS INC COM 009158106 5298.91 171970 SH SOLE 171970
AKAMAI TECHNOLOGIES, INC. COM 00971T101 304.07 2561 SH SOLE 2561
ALBANY MOLECULAR RESEARCH COM 012423109 1083.31 19900 SH SOLE 19900
ALCOA INC. COM 013817101 3225.67 111230 SH SOLE 111230
ALKERMES, INC. COM 01642T108 1041.46 22100 SH SOLE 22100
ALLEGIANCE TELECOM, INC. COM 01747T102 320.00 5000 SH SOLE 5000
ALLERGAN, INC. COM 018490102 849.30 11400 SH SOLE 11400
ALLLSCRIPTS, INC. COM 019886100 349.60 15200 SH SOLE 15200
ALPHA INDUSTRIES, INC. COM 020753109 1031.07 23400 SH SOLE 23400
ALPHARMA INC. CLA 020813101 628.72 10100 SH SOLE 10100
ALTERA CORP. COM 021441100 4760.50 46700 SH SOLE 46700
ALZA CORP. COM 022615108 662.20 11200 SH SOLE 11200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AMBAC INC. COM 023139108 1595.05 29100 SH SOLE 29100
AMERICA ONLINE, INC. COM 02364J104 10487.22 198810 SH SOLE 198810
AMERICAN EXPRESS CO. COM 025816109 11377.84 218280 SH SOLE 218280
AMERICAN HOME PRODUCTS CORP. COM 026609107 8959.96 152510 SH SOLE 152510
AMERICAN INT'L GROUP INC. COM 026874107 34634.30 294760 SH SOLE 294760
AMERICAN ITALIAN PASTA CO. CL A 027070101 227.56 11000 SH SOLE 11000
AMERICAN MANAGEMENT SYS INC. COM 027352103 843.67 25700 SH SOLE 25700
AMERICAN POWER CONVERSION CORP COM 029066107 435.06 10660 SH SOLE 10660
AMERICAN TOWER CORP. CL A 029912201 1342.35 32200 SH SOLE 32200
AMERICAN XTAL TECHNOLOGY, INC. COM 030514103 843.37 19500 SH SOLE 19500
AMERICREDIT CORP. COM 03060R101 838.10 49300 SH SOLE 49300
AMERISOURCE HEALTH CORP. CL A 03071P102 1243.10 40100 SH SOLE 40100
AMGEN INC. COM 031162100 19773.26 281470 SH SOLE 281470
AMKOR TECHNOLOGIES, INC. COM 031652100 469.66 13300 SH SOLE 13300
AMPHENOL CORP. CLA 032095101 1429.66 21600 SH SOLE 21600
ANADARKO PETROLEUM CORP. COM 032511107 3402.59 69000 SH SOLE 69000
ANALOG DEVICES, INC. COM 032654105 9145.08 120330 SH SOLE 120330
ANAREN MICROWAVE, INC. COM 032744104 777.56 5925 SH SOLE 5925
ANDREW CORPORATION COM 034425108 1342.52 40000 SH SOLE 40000
ANDRX CORP. COM 034551101 396.31 6200 SH SOLE 6200
ANTEC CORP. COM 03664P105 1398.59 33650 SH SOLE 33650
APACHE CORP. COM 037411105 911.60 15500 SH SOLE 15500
APEX INC. COM 037548104 1456.87 33300 SH SOLE 33300
APOLLO GROUP, INC. CL A 037604105 1253.28 44760 SH SOLE 44760
APPLE COMPUTER, INC. COM 037833100 4656.13 88900 SH SOLE 88900
APPLEBEES INT'L INC. COM 037899101 1233.73 40700 SH SOLE 40700
APPLIED MATERIALS INC. COM 038222105 15670.78 172919 SH SOLE 172919
APPLIED MICRO CIRCUITS CORP. COM 03822W109 1817.00 18400 SH SOLE 18400
APPLIED SCIENCE & TECHNOLOGY COM 038236105 362.25 14000 SH SOLE 14000
ARADIGM CORP. COM 038505103 892.50 51000 SH SOLE 51000
ARCH COMMUNICATIONS GROUP INC. COM 039381504 260.00 40000 SH SOLE 40000
ARIBA, INC. COM 04033V104 666.71 6800 SH SOLE 6800
ARROW ELECTRONICS INC. COM 042735100 427.80 13800 SH SOLE 13800
ART TECHNOLOGY GROUP, INC. COM 04289L107 585.44 5800 SH SOLE 5800
ARTESYN TECHNOLOGIES, INC. COM 043127109 1168.14 42000 SH SOLE 42000
ARTHROCARE CORPORATION COM 043136100 495.22 9300 SH SOLE 9300
ASPEN TECHNOLOGY INC. COM 045327103 334.95 8700 SH SOLE 8700
ASTROPOWER, INC. COM 04644A101 615.73 22700 SH SOLE 22700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ASYST TECHNOLOGIES, INC. COM 04648X107 743.22 21700 SH SOLE 21700
ATLAS AIR, INC. COM 049164106 401.80 11200 SH SOLE 11200
AURORA BIOSCIENCES CORP. COM 051920106 627.32 9200 SH SOLE 9200
AUTOMATIC DATA PROCESSING INC. COM 053015103 10559.94 197150 SH SOLE 197150
AVNET INC. COM 053807103 402.90 6800 SH SOLE 6800
AWARE, INC. COM 05453N100 1595.10 31200 SH SOLE 31200
BISYS (THE) GROUP, INC. COM 055472104 1396.05 22700 SH SOLE 22700
BJ SERVICES CO. COM 055482103 2216.25 35460 SH SOLE 35460
BJ'S WHOLESALE CLUB, INC. COM 05548J106 465.30 14100 SH SOLE 14100
BAKER HUGHES INC. COM 057224107 6500.80 203150 SH SOLE 203150
BANK OF AMERICA CORP. COM 060505104 7206.80 167600 SH SOLE 167600
BANK OF NEW YORK CO. COM 064057102 10044.93 216020 SH SOLE 216020
BANKNORTH GROUP, INC. COM 06646R107 606.39 39600 SH SOLE 39600
BARRETT RESOURCES CORP. COM PAR $0.01 068480201 633.11 20800 SH SOLE 20800
BEA SYSTEMS, INC. COM 073325102 1053.02 21300 SH SOLE 21300
BECTON, DICKINSON AND CO. COM 075887109 7928.78 276380 SH SOLE 276380
BED, BATH & BEYOND INC. COM 075896100 300.15 8280 SH SOLE 8280
BELL ATLANTIC CORP. COM 077853109 7099.08 139710 SH SOLE 139710
BENCHMARK ELECTRONICS INC. COM 08160H101 950.63 26000 SH SOLE 26000
BEST BUY CO. INC. COM 086516101 2466.11 38990 SH SOLE 38990
BIOGEN, INC. COM 090597105 432.15 6700 SH SOLE 6700
BIOMATRIX, INC. COM 09060P102 905.00 40000 SH SOLE 40000
BIOMET INC. COM 090613100 686.88 17870 SH SOLE 17870
BIOVAIL CORP. COM 09067J109 648.62 11700 SH SOLE 11700
BLACK BOX CORP. COM 091826107 1290.50 16300 SH SOLE 16300
BOWATER INC. COM 102183100 463.31 10500 SH SOLE 10500
BRISTOL MYERS SQUIBB CO. COM 110122108 16375.82 281130 SH SOLE 281130
BROADBASE SOFTWARE, INC. COM 11130R100 1295.43 42300 SH SOLE 42300
BROADCOM CORP. CL A 111320107 5477.82 25020 SH SOLE 25020
BROADVISION, INC. COM 111412102 1357.72 26720 SH SOLE 26720
BROADWING INC. COM 111620100 267.16 10300 SH SOLE 10300
BROOKS AUTOMATION, INC. COM 11434A100 620.19 9700 SH SOLE 9700
BURR-BROWN CORP. COM 122574106 2251.72 25975 SH SOLE 25975
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 960.56 10900 SH SOLE 10900
C-COR ELECTRONICS COM 125010108 226.80 8400 SH SOLE 8400
CDW COMPUTER CENTERS, INC. COM 125129106 1087.50 17400 SH SOLE 17400
C.H. ROBINSON WORLDWIDE, INC. COM 12541W100 1366.20 27600 SH SOLE 27600
CIGNA CORP. COM 125509109 11066.66 118360 SH SOLE 118360
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CSG SYSTEMS INT'L, INC. COM 126349109 2225.70 39700 SH SOLE 39700
CTS CORP. COM 126501105 279.00 6200 SH SOLE 6200
CVS CORP. COM 126650100 4590.40 114760 SH SOLE 114760
CABLE DESIGN TECHNOLOGIES CORP COM 126924109 1815.70 54200 SH SOLE 54200
CAL DIVE INTL', INC. COM 127914109 1566.03 28900 SH SOLE 28900
CALPINE CORP. COM 131347106 1209.80 18400 SH SOLE 18400
CAPROCK COMMUNICATIONS CORP. COM 140667106 417.30 21400 SH SOLE 21400
CAPSTAR HOTEL CO. SUB NT CV4.75%04 140918AC7 2103.30 2700000 PRN SOLE 0
CARNIVAL CORP. COM 143658102 4543.50 233000 SH SOLE 233000
CARRIER ACCESS CORP. COM 144460102 914.73 17300 SH SOLE 17300
CATALINA MARKETING CORP. COM 148867104 357.00 3500 SH SOLE 3500
CATALYTICA, INC. COM 148885106 117.70 10700 SH SOLE 10700
CELGENE CORP. COM 151020104 759.48 12900 SH SOLE 12900
CENDANT CORP. RT PUR PRIDES 151313111 84.38 10000 SH SOLE 10000
CENTURY MAINTENANCE SUPPLY COM 156616401 1419.58 19347 SH SOLE 19347
CENTURYTEL INC. COM 156700106 260.61 9065 SH SOLE 9065
CEPHALON, INC. COM 156708109 1125.65 18800 SH SOLE 18800
CERNER CORP. COM 156782104 403.30 14800 SH SOLE 14800
CHASE MANHATTAN CORP. COM 16161A108 9564.98 207650 SH SOLE 207650
CHEVRON CORP. COM 166751107 13666.76 161140 SH SOLE 161140
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 3315.00 65000 SH SOLE 65000
CHIRON CORP. COM 170040109 223.25 4700 SH SOLE 4700
CIENA CORP. COM 171779101 831.77 4990 SH SOLE 4990
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 1845.91 55620 SH SOLE 55620
CISCO SYSTEMS, INC. COM 17275R102 59648.79 938420 SH SOLE 938420
CITADEL COMMUNICATIONS CORP. COM 172853202 485.63 13900 SH SOLE 13900
CINTAS CORP. COM 172908105 542.98 14800 SH SOLE 14800
CITIGROUP INC. COM 172967101 33579.73 557340 SH SOLE 557340
CITRIX SYSTEMS, INC. COM 177376100 304.71 16090 SH SOLE 16090
CITY NATIONAL CORP. COM 178566105 1530.73 44050 SH SOLE 44050
CLEAR CHANNEL COMMUNICATIONS COM 184502102 10521.75 140290 SH SOLE 140290
COCA-COLA CO. COM 191216100 13709.30 238680 SH SOLE 238680
COGNEX CORP. COM 192422103 439.87 8500 SH SOLE 8500
COGNIZANT TECH SOLUTIONS CORP. CL A 192446102 856.25 25800 SH SOLE 25800
COGNOS, INC. COM 19244C109 1522.60 36800 SH SOLE 36800
COHERENT, INC. COM 192479103 654.22 7800 SH SOLE 7800
COHU, INC. COM 192576106 620.28 23000 SH SOLE 23000
KENNETH COLE PRODUCTIONS, INC. COM 193294105 1302.00 32550 SH SOLE 32550
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
COLGATE-PALMOLIVE CO. COM 194162103 11415.16 190650 SH SOLE 190650
COMCAST CORP. CL A SPL 200300200 223.56 5520 SH SOLE 5520
COMMSCOPE, INC. COM 203372107 1385.80 33800 SH SOLE 33800
COMMUNITY FIRST BANKSHARES INC COM 203902101 867.85 53200 SH SOLE 53200
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 1046.25 11250 SH SOLE 11250
CONCORD COMMUNICATIONS, INC. COM 206186108 837.37 21000 SH SOLE 21000
CONCORD EFS, INC. COM 206197105 361.40 13900 SH SOLE 13900
CONEXANT SYSTEMS, INC. COM 207142100 350.10 7200 SH SOLE 7200
CONOCO INC. CLB 208251405 8371.70 340826 SH SOLE 340826
CONVERGENT COMMUNICATIONS INC. COM 211914403 151.20 18900 SH SOLE 18900
CONVERGYS CORP. COM 212485106 1084.18 20900 SH SOLE 20900
COOPER CAMERON CORP. COM 216640102 363.00 5500 SH SOLE 5500
COPART, INC. COM 217204106 1484.80 92800 SH SOLE 92800
COPPER MOUNTAI N NETWORKS, INC COM 217510106 652.12 7400 SH SOLE 7400
CORNING INC. COM 219350105 17161.35 63590 SH SOLE 63590
CORPORATE EXECUTIVE BOARD CO. COM 21988R102 1448.97 24200 SH SOLE 24200
COST PLUS, INC. COM 221485105 338.51 11800 SH SOLE 11800
COSTCO WHOLESALE CORP. COM 22160K105 4418.70 133900 SH SOLE 133900
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 248.70 300000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 497.40 600000 PRN SOLE 0
COX COMMUNICATIONS, INC. CL A 224044107 5786.50 127000 SH SOLE 127000
COX RADIO, INC. CL A 224051102 1971.20 70400 SH SOLE 70400
CREDENCE SYSTEMS CORP. COM 225302108 1263.80 22900 SH SOLE 22900
CREE, INC. COM 225447101 827.70 6200 SH SOLE 6200
CRITICAL PATH, INC. COM 22674V100 309.05 5300 SH SOLE 5300
CROWN CASTLE INT'L CORP. COM 228227104 781.10 21400 SH SOLE 21400
CUBIST PHARMACEUTICALS, INC. COM 229678107 1029.32 20900 SH SOLE 20900
CULLEN/FROST BANKERS, INC. COM 229899109 886.74 33700 SH SOLE 33700
CURAGEN CORP. COM 23126R101 1244.66 32700 SH SOLE 32700
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 1307.20 30400 SH SOLE 30400
CYMER, INC. COM 232572107 1370.42 28700 SH SOLE 28700
CYPRESS SEMICONDUCTOR CORP. COM 232806109 376.02 8900 SH SOLE 8900
CYSIVE, INC. COM 23281T108 401.10 16800 SH SOLE 16800
CYTEC INDUSTRIES INC. COM 232820100 222.19 9000 SH SOLE 9000
CYTYC CORP. COM 232946103 1643.95 30800 SH SOLE 30800
DQE, INC. COM 23329J104 442.40 11200 SH SOLE 11200
DST SYSTEMS, INC. COM 233326107 609.00 8000 SH SOLE 8000
DALLAS SEMICONDUCTOR CORP. COM 235204104 1108.40 27200 SH SOLE 27200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
DANAHER CORP. COM 235851102 249.16 5040 SH SOLE 5040
DARDEN RESTAURANTS INC. COM 237194105 390.00 24000 SH SOLE 24000
DELL COMPUTER CORP. COM 247025109 8320.58 168730 SH SOLE 168730
DELTA AIR LINES COM 247361108 231.07 4570 SH SOLE 4570
DENDRITE INTERNATIONAL, INC. COM 248239105 642.94 19300 SH SOLE 19300
DEVON ENERGY CORP. COM 25179M103 781.01 13900 SH SOLE 13900
DEVRY, INC. COM 251893103 409.78 15500 SH SOLE 15500
DIAMOND OFFSHORE DRILLING COM 25271C102 1268.01 36100 SH SOLE 36100
DIAMOND TECH PARTNERS INC. CL A 252762109 2424.40 27550 SH SOLE 27550
DIEBOLD, INC. COM 253651103 1195.83 42900 SH SOLE 42900
DIGEX, INC. CL A 253756100 455.18 6700 SH SOLE 6700
DIGITAL MICROWAVE CORP. COM 253859102 1218.09 31950 SH SOLE 31950
DITECH COMMUNICATIONS CORP. COM 25500M103 387.70 4100 SH SOLE 4100
DOCUMENTUM, INC. COM 256159104 2189.68 24500 SH SOLE 24500
DOLLAR TREE STORES, INC. COM 256747106 826.07 20880 SH SOLE 20880
DOVER CORP. COM 260003108 4159.33 102540 SH SOLE 102540
DUPONT (E.I.) DE NEMOURS COM 263534109 5307.09 121305 SH SOLE 121305
DUKE ENERGY CORP. COM 264399106 3835.75 68040 SH SOLE 68040
DUPONT PHOTOMASKS, INC. COM 26613X101 452.10 6600 SH SOLE 6600
DYCOM INDUSTRIES, INC. COM 267475101 2164.30 47050 SH SOLE 47050
DYNEGY INC. CL A 26816Q101 753.28 11027 SH SOLE 11027
EGL, INC. COM 268484102 891.75 29000 SH SOLE 29000
EMC CORP. COM 268648102 39172.98 509150 SH SOLE 509150
ENSCO INTERNATIONAL, INC. COM 26874Q100 901.05 25160 SH SOLE 25160
EOG RESOURCES, INC. COM 26875P101 971.50 29000 SH SOLE 29000
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 221.83 6700 SH SOLE 6700
J.D. EDWARDS COM 281667105 161.17 10700 SH SOLE 10700
EDWARDS (A.G.) INC. COM 281760108 666.90 17100 SH SOLE 17100
ELAN CORP. PLC ADR 284131208 663.60 13700 SH SOLE 13700
ELANTEC SEMICONDUCTOR, INC. COM 284155108 905.12 13000 SH SOLE 13000
ELECTRO SCIENTIFIC INDUSTRIES COM 285229100 374.26 8500 SH SOLE 8500
ELECTRONIC DATA SYSTEMS CORP. COM 285661104 5861.62 142100 SH SOLE 142100
ELECTRONICS FOR IMAGING, INC. COM 286082102 245.53 9700 SH SOLE 9700
EMCORE CORP. COM 290846104 1608.00 13400 SH SOLE 13400
EMMIS COMMUNICATIONS CORP. CL A 291525103 1708.78 41300 SH SOLE 41300
ENRON CORP. COM 293561106 10287.75 159500 SH SOLE 159500
ENTRUST TECHNOLOGIES INC. COM 293848107 860.60 10400 SH SOLE 10400
EXAR CORP. COM 300645108 976.50 11200 SH SOLE 11200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EXCHANGE APPLICATIONS, INC. COM 300867108 841.35 31600 SH SOLE 31600
EXODUS COMMUNICATIONS COM 302088109 3088.06 67040 SH SOLE 67040
EXPEDITORS INT'L OF WASHINGTON COM 302130109 1693.85 35660 SH SOLE 35660
EXTREME NETWORKS, INC. COM 30226D106 1561.40 14800 SH SOLE 14800
EXXON MOBIL CORP. COM 30231G102 31845.80 405679 SH SOLE 405679
F.Y.I. INC. COM 302712104 1051.06 31200 SH SOLE 31200
FACTSET RESEARCH SYSTEMS INC. COM 303075105 878.57 31100 SH SOLE 31100
FAIRCHILD SEMICONDUCTOR CORP. CL A 303726103 720.90 17800 SH SOLE 17800
FAMILY DOLLAR STORES, INC. COM 307000109 266.05 13600 SH SOLE 13600
FEDERAL HOME LOAN MTG CORP. COM 313400301 7586.46 187320 SH SOLE 187320
FEDERAL NATIONAL MTG ASSOC. COM 313586109 13004.20 249180 SH SOLE 249180
FIRSTAR CORP. COM 33763V109 4199.96 199400 SH SOLE 199400
FISERV INC. COM 337738108 865.00 20000 SH SOLE 20000
FOREST LABORATORIES, INC. CL A 345838106 820.12 8120 SH SOLE 8120
FORRESTER RESEARCH, INC. COM 346563109 1281.50 17600 SH SOLE 17600
FORWARD AIR CORP. COM 349853101 2212.00 55300 SH SOLE 55300
FURNITURE BRANDS INT'L, INC. COM 360921100 663.98 43900 SH SOLE 43900
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 354.00 1000000 PRN SOLE 0
GAP INC. COM 364760108 5697.50 182320 SH SOLE 182320
GATEWAY INC. COM 367626108 202.03 3560 SH SOLE 3560
GAYLORD CONTAINER CORP. CL A 368145108 301.09 112013 SH SOLE 112013
GAYLORD CONTAINER CORP. WT EXP 110202 368145116 463.86 154623 SH SOLE 154623
GENENTECH, INC. COM 368710406 9587.28 55740 SH SOLE 55740
GENERAL ELECTRIC CO. COM 369604103 63638.69 1200730 SH SOLE 1200730
GENERAL MOTORS CORP. CL H NEW 370442832 6536.23 74487 SH SOLE 74487
GENTEX CORP. COM 371901109 1391.92 55400 SH SOLE 55400
GENSET SPONSORED ADR 37244T104 358.43 15500 SH SOLE 15500
GENZYME TRANSGENICS CORP. COM 37246E105 987.35 36400 SH SOLE 36400
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 725.14 12200 SH SOLE 12200
GETTY IMAGES, INC. COM 374276103 463.28 12500 SH SOLE 12500
GILEAD SCIENCES, INC. COM 375558103 355.62 5000 SH SOLE 5000
GILLETTE CO. COM 375766102 7824.71 223960 SH SOLE 223960
GLOBESPAN, INC. COM 379571102 793.50 6500 SH SOLE 6500
GOLDEN WEST FINANCIAL CORP. COM 381317106 497.91 12200 SH SOLE 12200
GRANITE BROADCASTING CORP. COM 387241102 1622.50 220000 SH SOLE 220000
GREAT PLAINS SOFTWARE INC. COM 39119E105 376.80 19200 SH SOLE 19200
GUIDANT CORP. COM 401698105 7939.30 160390 SH SOLE 160390
HAIN CELESTIAL GROUP, INC. COM 405217100 1177.68 32100 SH SOLE 32100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
HALLIBURTON CO. COM 406216101 12211.78 258790 SH SOLE 258790
HARLEY DAVIDSON INC. COM 412822108 6776.00 176000 SH SOLE 176000
HARRIS CORP. COM 413875105 389.72 11900 SH SOLE 11900
HEALTH MGMT ASSOCIATES INC. CL A 421933102 482.67 36950 SH SOLE 36950
HELIX TECHNOLOGY CORP. COM 423319102 265.20 6800 SH SOLE 6800
JACK HENRY & ASSOCIATES, INC. COM 426281101 1468.66 29300 SH SOLE 29300
HERSHEY FOODS CORP. COM 427866108 3977.00 82000 SH SOLE 82000
HEWLETT-PACKARD CO. COM 428236103 16564.66 132650 SH SOLE 132650
HISPANIC BROADCASTING CORP. CL A 43357B104 384.25 11600 SH SOLE 11600
HOME DEPOT, INC. COM 437076102 22037.88 441305 SH SOLE 441305
HONEYWELL INT'L INC. COM 438516106 8103.91 240558 SH SOLE 240558
HOOPER HOLMES, INC. COM 439104100 340.80 42600 SH SOLE 42600
HUMAN GENOME SCIENCES, INC. COM 444903108 333.43 2500 SH SOLE 2500
HYPERION SOLUTIONS CORP. COM 44914M104 893.18 27535 SH SOLE 27535
ICG COMMUNICATIONS, INC. COM 449246107 1281.86 58100 SH SOLE 58100
IDEC PHARMACEUTICALS CORP. COM 449370105 1437.08 12250 SH SOLE 12250
ISS GROUP, INC. COM 450306105 651.64 6600 SH SOLE 6600
ITC DELTACOM, INC. COM 45031T104 932.68 41800 SH SOLE 41800
IGATE CAPITAL CORP. COM 45169U105 402.87 29300 SH SOLE 29300
ILLINOIS TOOL WORKS INC. COM 452308109 5812.86 101980 SH SOLE 101980
IMPATH INC. COM 45255G101 1383.37 25500 SH SOLE 25500
INFINITY BROADCASTING CORP. CL A 45662S102 336.32 9230 SH SOLE 9230
INFOCUS CORP. COM 45665B106 1145.89 35600 SH SOLE 35600
INSIGHT ENTERPRISES, INC. COM 45765U103 1631.10 27500 SH SOLE 27500
INSITUFORM TECHNOLOGIES CL A 457667103 827.31 30500 SH SOLE 30500
INTEGRATED DEVICE TECH INC. COM 458118106 622.70 10400 SH SOLE 10400
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 0.00 1900000 PRN SOLE 0
INTEL CORP. COM 458140100 65354.71 488860 SH SOLE 488860
INTER-TEL INC. COM 458372109 364.63 22700 SH SOLE 22700
INTERCEPT GROUP, INC. COM 45845L107 334.90 19700 SH SOLE 19700
INTERMEDIA COMMUNICATIONS INC. COM 458801107 823.21 27671 SH SOLE 27671
INTERNATIONAL BUS. MACHINES COM 459200101 23818.99 217400 SH SOLE 217400
INTERNATIONAL HOME FOODS, INC. COM 459655106 230.31 11000 SH SOLE 11000
INTERNET PICTURES CORP. COM 46059S101 338.80 22400 SH SOLE 22400
INTRANET SOLUTIONS, INC. COM NEW 460939309 1285.56 33500 SH SOLE 33500
INTERWOVEN, INC. COM 46114T102 1935.71 17600 SH SOLE 17600
INTIMATE BRANDS, INC. CL A 461156101 628.05 31800 SH SOLE 31800
INVESTMENT TECHNOLOGY GROUP COM 46145F105 1030.95 26100 SH SOLE 26100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INVITROGEN CORP. COM 46185R100 654.26 8700 SH SOLE 8700
INVESTORS FINANCIAL SERVICES COM 461915100 460.38 11600 SH SOLE 11600
IRON MOUNTAIN INC. COM 462846106 1649.00 48500 SH SOLE 48500
I-2 TECHNOLOGIES, INC. COM 465754109 2288.11 21945 SH SOLE 21945
IVAX CORP. COM 465823102 572.70 13800 SH SOLE 13800
JDS UNIPHASE CORP. COM 46612J101 8115.53 67700 SH SOLE 67700
JABIL CIRCUIT, INC. COM 466313103 1171.15 23600 SH SOLE 23600
JACK IN THE BOX INC. COM 466367109 1051.48 42700 SH SOLE 42700
JAKKS PACIFIC, INC. COM 47012E106 246.32 16700 SH SOLE 16700
JOHNSON & JOHNSON COM 478160104 20530.86 201530 SH SOLE 201530
JONES APPAREL GROUP INC. COM 480074103 587.50 25000 SH SOLE 25000
JONES PHARMA INC. COM 480236108 1294.98 32425 SH SOLE 32425
KLA INSTRUMENTS CORP. COM 482480100 507.74 8670 SH SOLE 8670
K-V PHARMACEUTICAL CO. CL A 482740206 394.85 14900 SH SOLE 14900
KANA COMMUNICATIONS, INC. COM 483600102 550.68 8900 SH SOLE 8900
KANSAS CITY SOUTHERN IND. INC. COM 485170104 283.80 3200 SH SOLE 3200
KEEBLER FOODS CO. COM 487256109 775.91 20900 SH SOLE 20900
KEMET CORP. COM 488360108 541.36 21600 SH SOLE 21600
KING PHARMACEUTICALS,T INC. COM 495582108 2393.82 54560 SH SOLE 54560
KOHLS CORP. COM 500255104 4702.53 84540 SH SOLE 84540
KOPIN CORP. COM 500600101 1080.30 15600 SH SOLE 15600
KROGER CO. COM 501044101 6330.75 286940 SH SOLE 286940
KULICKE & SOFFA INDUSTRIES,INC COM 501242101 1514.06 25500 SH SOLE 25500
LSI LOGIC CORP. COM 502161102 460.06 8500 SH SOLE 8500
LTX CORP. COM 502392103 422.74 12100 SH SOLE 12100
L-3 COMMUNICATIONS HOLDINGS COM 502424104 1398.04 24500 SH SOLE 24500
LAM RESEARCH CORP. COM 512807108 622.50 16600 SH SOLE 16600
LAMAR ADVERTISING CO. CL A 512815101 281.53 6500 SH SOLE 6500
LATTICE SEMICONDUCTOR CORP. COM 518415104 691.25 10000 SH SOLE 10000
LEARNING TREE INT'L, INC. COM 522015106 1212.75 19800 SH SOLE 19800
LEGGETT & PLATT INC. COM 524660107 169.62 10280 SH SOLE 10280
LEGG MASON, INC. COM 524901105 700.00 14000 SH SOLE 14000
LENNAR CORP. COM 526057104 996.30 49200 SH SOLE 49200
LIFEPOINT HOSPITALS, INC. COM 53219L109 1472.95 66200 SH SOLE 66200
LILLY (ELI) & CO. COM 532457108 14249.16 142670 SH SOLE 142670
LINEAR TECHNOLOGY CORP. COM 535678106 593.34 9280 SH SOLE 9280
LINENS 'N THINGS, INC. COM 535679104 355.33 13100 SH SOLE 13100
LIZ CLAIBORNE INC. COM 539320101 377.17 10700 SH SOLE 10700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LOUIS DREYFUS NATURAL GAS CORP COM 546011107 403.93 12900 SH SOLE 12900
LOWE'S COS. COM 548661107 3196.75 77850 SH SOLE 77850
LUCENT TECHNOLOGIES, INC. COM 549463107 21409.39 361340 SH SOLE 361340
LYCOS, INC. COM 550818108 237.60 4400 SH SOLE 4400
MBNA CORP. COM 55262L100 7735.50 285180 SH SOLE 285180
MKS INSTRUMENTS, INC COM 55306N104 293.43 7500 SH SOLE 7500
MMC NETWORKS, INC. COM 55308N102 1186.32 22200 SH SOLE 22200
MACROVISION CORP. COM 555904101 1700.32 26600 SH SOLE 26600
MACROMEDIA, INC. COM 556100105 473.77 4900 SH SOLE 4900
MAGELLAN HEALTH SERVICES, INC. COM 559079108 37.50 30000 SH SOLE 30000
MANPOWER, INC. COM 56418H100 1248.00 39000 SH SOLE 39000
MANUGISTICS GROUP, INC. COM 565011103 448.80 9600 SH SOLE 9600
MARINE DRILLING COMPANIES, INC COM PAR $0.01 568240204 966.00 34500 SH SOLE 34500
MARSH & MCLENNAN COS. INC COM 571748102 5267.85 50440 SH SOLE 50440
MARSHALL & ILSLEY CORP. COM 571834100 477.25 11500 SH SOLE 11500
MARTIN MARIETTA MATERIALS COM 573284106 509.51 12600 SH SOLE 12600
MATTEL INC. COM 577081102 6886.77 522200 SH SOLE 522200
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 717.42 10560 SH SOLE 10560
MAVERICK TUBE CORP. COM 577914104 588.32 20200 SH SOLE 20200
MAXIMUS, INC. COM 577933104 311.96 14100 SH SOLE 14100
MCDONALDS CORP. COM 580135101 13186.39 400340 SH SOLE 400340
MCLEODUSA INC. COM 582266102 915.38 44247 SH SOLE 44247
MEADE INSTRUMENTS CORP. COM 583062104 361.80 14400 SH SOLE 14400
MEDAREX, INC. COM 583916101 583.05 6900 SH SOLE 6900
MEDIAONE GRP/VODAPHONE AIRTOUC COM 58440J104 6668.79 100570 SH SOLE 100570
MEDICIS PHARMACEUTICAL CORP. CL A NEW 584690309 1413.60 24800 SH SOLE 24800
MEDIMMUNE, INC. COM 584699102 1021.20 13800 SH SOLE 13800
MEDQUIST INC. COM 584949101 1747.60 51400 SH SOLE 51400
MEDTRONIC INC. COM 585055106 15297.07 307090 SH SOLE 307090
MEMBERWORKS INC. COM 586002107 326.16 9700 SH SOLE 9700
MEN'S (THE) WEARHOUSE, INC. COM 587118100 1392.33 62400 SH SOLE 62400
MERCATOR SOFTWARE, INC. COM 587587106 646.25 9400 SH SOLE 9400
MERCK AND CO. INC. COM 589331107 23005.89 300240 SH SOLE 300240
MERCURY COMPUTER SYSTEMS, INC. COM 589378108 1053.40 32600 SH SOLE 32600
MERCURY INTERACTIVE CORP. COM 589405109 2341.35 24200 SH SOLE 24200
MERRILL LYNCH & CO., INC. COM 590188108 8935.50 77700 SH SOLE 77700
META GROUP, INC. COM 591002100 579.42 30100 SH SOLE 30100
METRIS COMPANIES INC. COM 591598107 1077.86 42900 SH SOLE 42900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
METTLER-TOLEDO INT'L INC. COM 592688105 724.00 18100 SH SOLE 18100
MICREL, INC. COM 594793101 1268.38 29200 SH SOLE 29200
MICROSOFT CORP. COM 594918104 47332.00 591650 SH SOLE 591650
MICROCHIP TECHNOLOGY INC. COM 595017104 1707.77 29310 SH SOLE 29310
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 1488.71 41210 SH SOLE 41210
MICROMUSE INC. COM 595094103 1903.06 11500 SH SOLE 11500
MILLENNIUM PHARMACEUTICALS INC COM 599902103 313.25 2800 SH SOLE 2800
MILLIPORE CORP. COM 601073109 889.42 11800 SH SOLE 11800
MINIMED INC. COM 60365K108 354.00 3000 SH SOLE 3000
MODIS PROFESSIONAL SERVICES COM 607830106 703.78 79300 SH SOLE 79300
MOLECULAR DEVICES CORP. COM 60851C107 664.20 9600 SH SOLE 9600
MONTANA POWER CO. COM 612085100 476.72 13500 SH SOLE 13500
MORGAN STANLEY DEAN WITTER COM NEW 617446448 10198.95 122510 SH SOLE 122510
MOTIENT CORP. COM 619908106 255.71 16300 SH SOLE 16300
MOTOROLA, INC. COM 620076109 10101.13 347560 SH SOLE 347560
NPS PHARMACEUTICALS, INC. COM 62936P103 944.27 35300 SH SOLE 35300
NABORS INDUSTRIES, INC. COM 629568106 490.44 11800 SH SOLE 11800
NAT'L COMPTER SYSTEMS, INC. COM 635519101 1047.05 21260 SH SOLE 21260
NATIONAL INSTRUMENTS CORP. COM 636518102 1535.60 35200 SH SOLE 35200
NATIONAL SEMICONDUCTOR CORP. COM 637640103 561.82 9900 SH SOLE 9900
NATURAL MICROSYSTEMS CORP COM 638882100 1068.16 9500 SH SOLE 9500
NETOPIA, INC. COM 64114K104 684.25 17000 SH SOLE 17000
NETRO CORP. COM 64114R109 1451.58 25300 SH SOLE 25300
NETWORK APPLIANCE, INC. COM 64120L104 537.74 6680 SH SOLE 6680
NEWFIELD EXPLORATION COMPANY COM 651290108 1850.61 47300 SH SOLE 47300
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 10152.92 165930 SH SOLE 165930
NEXTEL PARTNERS, INC. CL A 65333F107 281.66 8650 SH SOLE 8650
NEXTLINK COMMUNICATIONS, INC. CL A 65333H707 488.60 12879 SH SOLE 12879
NOBLE AFFILIATES INC. COM 654894104 890.27 23900 SH SOLE 23900
NOKIA OYJ SPONSORED ADR 654902204 12436.55 249040 SH SOLE 249040
NOBLE DRILLING CORP. COM 655042109 358.33 8700 SH SOLE 8700
NORTEL NETWORKS CORP COM 656568102 19769.97 289670 SH SOLE 289670
NORTH FORK BANCORPORATION, INC COM 659424105 251.07 16600 SH SOLE 16600
NORTHEAST OPTIC NETWORK, INC. COM 664334109 776.47 12600 SH SOLE 12600
NORTHERN TRUST CORP. COM 665859104 715.69 11000 SH SOLE 11000
NORTHWEST AIRLINES CORP. CL A 667280101 1826.28 60000 SH SOLE 60000
NOVA CORPORATION COM 669784100 1526.11 54625 SH SOLE 54625
NOVELLUS SYSTEMS INC. COM 670008101 493.79 8730 SH SOLE 8730
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
NOVOSTE CORP. COM 67010C100 1476.20 24200 SH SOLE 24200
NVIDIA CORP. COM 67066G104 432.22 6800 SH SOLE 6800
OCEANEERING INT'L INC. COM 675232102 986.10 51900 SH SOLE 51900
OMNICOM GROUP INC. COM 681919106 4500.35 50530 SH SOLE 50530
ON ASSIGNMENT, INC. COM 682159108 512.40 16800 SH SOLE 16800
ONYX SOFTWARE CORP. COM 683402101 997.51 33600 SH SOLE 33600
OPTIMAL ROBOTICS CORP. CL A NEW 68388R208 445.15 11600 SH SOLE 11600
ORACLE CORP. COM 68389X105 27597.04 328290 SH SOLE 328290
OUTBACK STEAKHOUSE, INC. COM 689899102 1427.40 48800 SH SOLE 48800
CELERA GENOMICS COM PE BIO GRP 69332S102 440.04 6680 SH SOLE 6680
PF CHANG'S CHINA BISTRO, INC. COM 69333Y108 1140.18 35700 SH SOLE 35700
PMC-SIERRA, INC. COM 69344F106 1682.70 9470 SH SOLE 9470
PMI GROUP INC. (THE) COM 69344M101 1396.50 29400 SH SOLE 29400
PRI AUTOMATION, INC. COM 69357H106 869.70 13300 SH SOLE 13300
PACIFIC CENTURY FINANCIAL CORP COM 694058108 150.63 10300 SH SOLE 10300
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 435.46 23225 SH SOLE 23225
PARADYNE NETWORKS, INC. COM 69911G107 351.68 10800 SH SOLE 10800
PATTERSON ENERGY, INC. COM 703414102 339.15 11900 SH SOLE 11900
PAYCHEX INC. COM 704326107 675.36 16080 SH SOLE 16080
PEGASUS COMMUNICATIONS CORP. CL A 705904100 333.72 6802 SH SOLE 6802
PEGASUS SOLUTIONS COM 705906105 204.45 18800 SH SOLE 18800
PENTAIR, INC. COM 709631105 205.90 5800 SH SOLE 5800
PEPSICO, INC. COM 713448108 15413.76 346860 SH SOLE 346860
PEREGRINE SYSTEMS, INC. COM 71366Q101 743.36 21430 SH SOLE 21430
PERICOM SEMICONDUCTOR CORP. COM 713831105 1298.80 19100 SH SOLE 19100
PFIZER INC. COM 717081103 40280.01 839167 SH SOLE 839167
PHARMACEUTICAL PRODUCT DEV COM 717124101 909.30 43300 SH SOLE 43300
PHARMACOPEIA, INC. COM 71713B104 366.36 7900 SH SOLE 7900
PHARMACIA CORP. COM 71713U102 8372.47 161981 SH SOLE 161981
PHOTON DYNAMICS, INC. COM 719364101 1501.22 20100 SH SOLE 20100
PHOTRONICS, INC. COM 719405102 1676.96 59100 SH SOLE 59100
PINNACLE HOLDINGS INC. COM 72346N101 1225.80 22700 SH SOLE 22700
PINNACLE SYSTEMS, INC. COM 723481107 1065.74 47400 SH SOLE 47400
POLYCOM INC. COM 73172K104 2173.57 23100 SH SOLE 23100
POLYMEDICA CORP. COM 731738100 423.85 9800 SH SOLE 9800
PORTAL SOFTWARE, INC. COM 736126103 862.31 13500 SH SOLE 13500
POWER-ONE, INC. COM 739308104 1435.61 12600 SH SOLE 12600
POWERWAVE TECHNOLOGIES, INC. COM 739363109 924.00 21000 SH SOLE 21000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PRAXAIR INC. COM 74005P104 6173.15 164890 SH SOLE 164890
PRE-PAID LEGAL SERVICES, INC. COM 740065107 552.68 18500 SH SOLE 18500
PRECISION DRILLING CORP. COM 74022D100 1614.52 41800 SH SOLE 41800
PRICE COMMUNICATIONS CORP. COM NEW 741437305 1767.22 75000 SH SOLE 75000
PRIMUS KNOWLEDGE SOLUTIONS INC COM 74163Q100 207.00 4600 SH SOLE 4600
PRIMUS TELECOMM GROUP, INC. COM 741929103 1198.97 48200 SH SOLE 48200
PRIORITY HEALTHCARE CORP. CL B 74264T102 2352.00 31650 SH SOLE 31650
PROCTER & GAMBLE CO. COM 742718109 13492.68 235680 SH SOLE 235680
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 99.00 22000 SH SOLE 22000
PROGRESS SOFTWARE CORP. COM 743312100 290.59 16200 SH SOLE 16200
PROTEIN DESIGN LABS, INC. COM 74369L103 874.25 5300 SH SOLE 5300
PROVINCE HEALTHCARE CO. COM 743977100 549.10 15200 SH SOLE 15200
PROVIDIAN FINANCIAL CORP. COM 74406A102 699.30 7770 SH SOLE 7770
PROXIM, INC. COM 744284100 1058.96 10700 SH SOLE 10700
PSINET INC. PFD C CV 6 3/4 74437C309 977.50 20000 SH SOLE 20000
QLT PHOTOTHERAPEUTICS, INC. COM 746927102 479.34 6200 SH SOLE 6200
QRS CORP. COM 74726X105 847.42 34500 SH SOLE 34500
QLOGIC CORP. COM 747277101 1017.37 15400 SH SOLE 15400
QUALCOMM, INC. COM 747525103 5634.00 93900 SH SOLE 93900
QUANTA SERVICES, INC. COM 74762E102 899.25 16350 SH SOLE 16350
QUEST DIAGNOSTICS INC. COM 74834L100 465.15 6500 SH SOLE 6500
RSA SECURITY INC. COM 749719100 3628.70 52400 SH SOLE 52400
RF MICRO DEVICES, INC. COM 749941100 289.16 3300 SH SOLE 3300
RADIAN GROUP INC. COM 750236101 657.22 12700 SH SOLE 12700
RADIO ONE, INC. CL A 75040P108 801.15 27100 SH SOLE 27100
RADIO ONE, INC. CL D NON VTG 75040P405 1195.81 54200 SH SOLE 54200
RADISYS CORP. COM 750459109 1140.67 20100 SH SOLE 20100
RATIONAL SOFTWARE CORP. COM NEW 75409P202 1375.48 14800 SH SOLE 14800
REMEC, INC. COM 759543101 1080.37 25800 SH SOLE 25800
REMEDY CORP. COM 759548100 1990.27 35700 SH SOLE 35700
RENAL CARE GROUP, INC. COM 759930100 572.20 23400 SH SOLE 23400
REPUBLIC SERVICES, INC. CL A 760759100 238.40 14900 SH SOLE 14900
RESEARCH IN MOTION LIMITED COM 760975102 239.82 5300 SH SOLE 5300
RESMED INC. COM 761152107 358.45 13400 SH SOLE 13400
ROBERT HALF INT'L INC. COM 770323103 247.95 8700 SH SOLE 8700
ROSLYN BANCORP, INC. COM 778162107 186.02 11200 SH SOLE 11200
ROSS STORES INC. COM 778296103 583.55 34200 SH SOLE 34200
ROWAN COMPANIES, INC. COM 779382100 589.27 19400 SH SOLE 19400
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 15721.34 255370 SH SOLE 255370
RUDOLPH TECHNOLOGIES, INC. COM 781270103 205.37 5300 SH SOLE 5300
RURAL CELLULAR CORP. CL A 781904107 1125.47 14700 SH SOLE 14700
SBC COMMUNICATIONS INC. COM 78387G103 21732.77 502492 SH SOLE 502492
SCG HOLDING CORP. COM 783884109 334.68 15300 SH SOLE 15300
SBA COMMUNICATIONS CORP. COM 78388J106 446.66 8600 SH SOLE 8600
SCI SYSTEMS, INC. COM 783890106 529.03 13500 SH SOLE 13500
SDL, INC. COM 784076101 741.48 2600 SH SOLE 2600
SFX ENTERTAINMENT, INC. CL A 784178105 287.73 6350 SH SOLE 6350
SPX CORP. COM 784635104 677.25 5600 SH SOLE 5600
SAFEWAY INC. COM NEW 786514208 11258.68 249500 SH SOLE 249500
SANMINA CORP. COM 800907107 564.30 6600 SH SOLE 6600
SANGSTAT MEDICAL CORP. COM 801003104 817.16 28300 SH SOLE 28300
SAWTEK INC. COM 805468105 2175.88 37800 SH SOLE 37800
SCHERING PLOUGH CORP. COM 806605101 12331.09 244180 SH SOLE 244180
SCHLUMBERGER LTD. COM 806857108 14273.52 191270 SH SOLE 191270
SCHOLASTIC CORP. COM 807066105 311.73 5100 SH SOLE 5100
SCHWAB (CHARLES) CORP. COM 808513105 4944.55 147050 SH SOLE 147050
SCIENTIFIC-ATLANTA INC. COM 808655104 640.70 8600 SH SOLE 8600
SEMTECH CORP. COM 816850101 1001.94 13100 SH SOLE 13100
SEPRACOR, INC. COM 817315104 422.18 3500 SH SOLE 3500
SEQUENOM INDUSTRIAL GENOMICS COM 817337108 374.34 8250 SH SOLE 8250
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 1286.55 24801 SH SOLE 24801
SIEBEL SYSTEMS, INC. COM 826170102 4614.11 28210 SH SOLE 28210
SILICON STORAGE TECHNOLOGY INC COM 827057100 706.50 8000 SH SOLE 8000
SILICON VALLEY BANCSHARES COM 827064106 1197.76 28100 SH SOLE 28100
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 914.50 29500 SH SOLE 29500
SIRIUS SATELLITE RADIO INC. COM 82966U103 208.27 4700 SH SOLE 4700
SKYWEST, INC. COM 830879102 263.14 7100 SH SOLE 7100
SMARTFORCE PUBLIC LIMITED CO. SPONSORED ADR 83170A206 926.40 19300 SH SOLE 19300
SMITH INT'L, INC. COM 832110100 270.13 3710 SH SOLE 3710
SOLECTRON CORP. COM 834182107 13156.28 314180 SH SOLE 314180
SOUTHDOWN, INC. COM 841297104 1189.65 20600 SH SOLE 20600
SOUTHERN CO. COM 842587107 12798.60 548990 SH SOLE 548990
SOUTHWEST AIRLINES CO. COM 844741108 6665.07 351942 SH SOLE 351942
SPRINT CORP. PCS COM SER 1 852061506 8363.32 140560 SH SOLE 140560
ST ASSEMBLY TEST SERVICES LTD. ADR 85227G102 231.75 9000 SH SOLE 9000
STANFORD MICRODEVICES, INC. COM 854399102 734.10 16900 SH SOLE 16900
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
STARBUCKS CORP. COM 855244109 233.71 6120 SH SOLE 6120
STATE STREET CORP. COM 857477103 4197.97 39580 SH SOLE 39580
STRYKER CORP. COM 863667101 218.75 5000 SH SOLE 5000
SUIZA FOODS CORP. COM 865077101 434.98 8900 SH SOLE 8900
SUN MICROSYSTEMS INC. COM 866810104 24757.87 272250 SH SOLE 272250
SUNGARD DATA SYSTEMS INC. COM 867363103 591.48 19080 SH SOLE 19080
SYBRON CORP. COM 87114F106 259.55 13100 SH SOLE 13100
SYCAMORE NETWORKS, INC. COM 871206108 4082.77 36990 SH SOLE 36990
SYMANTEC CORP. COM 871503108 566.34 10500 SH SOLE 10500
SYMBOL TECHNOLOGIES, INC. COM 871508107 704.70 13050 SH SOLE 13050
TCF FINANCIAL CORP. COM 872275102 229.65 8940 SH SOLE 8940
TMP WORLDWIDE INC. COM 872941109 634.79 8600 SH SOLE 8600
TARGET CORP. COM 87612E106 11428.32 197040 SH SOLE 197040
TECHNE CORP. COM 878377100 2223.00 17100 SH SOLE 17100
TEKELEC COM 879101103 824.01 17100 SH SOLE 17100
TEKTRONIX, INC. COM 879131100 858.40 11600 SH SOLE 11600
TELEPHONE AND DATA SYSTEMS COM 879433100 641.60 6400 SH SOLE 6400
TELLABS, INC. COM 879664100 3587.51 52420 SH SOLE 52420
TELETECH HOLDINGS, INC. COM 879939106 559.13 18000 SH SOLE 18000
TENET HEALTHCARE CORP. COM 88033G100 714.15 26450 SH SOLE 26450
TERADYNE INC. COM 880770102 463.05 6300 SH SOLE 6300
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 831.57 15000 SH SOLE 15000
TETRA TECH, INC. COM 88162G103 1243.82 54375 SH SOLE 54375
TEXAS INSTRUMENTS INC. COM 882508104 18243.53 265600 SH SOLE 265600
THERMA-WAVE, INC. COM 88343A108 804.38 36050 SH SOLE 36050
THREE-FIVE SYSTEMS, INC. COM 88554L108 1008.90 17100 SH SOLE 17100
TIDEWATER INC. COM 886423102 1530.00 42500 SH SOLE 42500
TIFFANY & CO. COM 886547108 614.25 9100 SH SOLE 9100
TIME WARNER INC. COM 887315109 13125.96 172710 SH SOLE 172710
TITAN PHARMACEUTICALS, INC. COM 888314101 2072.60 48200 SH SOLE 48200
TOLLGRADE COMMUNICATIONS INC. COM 889542106 3100.50 23400 SH SOLE 23400
TOO, INC. COM 890333107 900.50 35400 SH SOLE 35400
TOSCO CORP. COM NEW 891490302 431.20 15230 SH SOLE 15230
TRANSWITCH CORP. COM 894065101 1061.33 13750 SH SOLE 13750
TREEV, INC. PFD CONV SER A 894692201 877.50 58500 SH SOLE 58500
TRIGON HEALTHCARE, INC. COM 89618L100 2583.30 50100 SH SOLE 50100
TRIQUINT SEMICONDUCTOR, INC. COM 89674K103 1052.56 11000 SH SOLE 11000
TRIUMPH GROUP, INC. COM 896818101 727.53 26100 SH SOLE 26100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
TRUE NORTH COMMUNICATIONS INC. COM 897844106 1724.80 39200 SH SOLE 39200
TWEETER HOME ENTERTAINMENT GRP COM 901167106 707.73 23300 SH SOLE 23300
TYCO INTERNATIONAL LTD. COM 902124106 24087.81 508450 SH SOLE 508450
US BANCORP COM 902973106 5970.00 310130 SH SOLE 310130
USA NETWORKS, INC. COM 902984103 296.26 13700 SH SOLE 13700
UTI ENERGY CORP. COM 903387108 1271.96 31700 SH SOLE 31700
ULTIMATE ELECTRONICS INC. COM 903849107 310.84 11600 SH SOLE 11600
UNITED TECHNOLOGIES CORP. COM 913017109 222.54 3780 SH SOLE 3780
UNITED THERAPEUTICS CORP. COM 91307C102 249.26 2300 SH SOLE 2300
UNITEDGLOBALCOM INC. CV PFD 1/20 913247102 2415.00 40000 SH SOLE 40000
UNITEDHEALTH GROUP INC. COM 91324P102 5833.57 68030 SH SOLE 68030
UNIVERSAL HEALTH SERVICES INC. CL B 913903100 1519.60 23200 SH SOLE 23200
UNIVISION COMMUNICATIONS INC. CL A 914906102 755.55 7300 SH SOLE 7300
VEECO INSTRUMENTS INC. COM 922417100 651.92 8900 SH SOLE 8900
VENTANA MEDICAL SYSTEMS COM 92276H106 244.40 10400 SH SOLE 10400
VERITAS SOFTWARE CORP. COM 923436109 9614.83 85075 SH SOLE 85075
VERITY COM 92343C106 1413.60 37200 SH SOLE 37200
VERISIGN, INC. COM 92343E102 3644.72 20650 SH SOLE 20650
VERSATEL TELECOM INT'L NV SPONSORED ADR 925301103 1582.42 36694 SH SOLE 36694
VERTICALNET, INC. COM 92532L107 347.21 9400 SH SOLE 9400
VIACOM, INC. CL B 925524308 15608.36 228902 SH SOLE 228902
VIATEL, INC. COM 925529208 571.26 20000 SH SOLE 20000
VIGNETTE CORP. COM 926734104 218.46 4200 SH SOLE 4200
VIRATA CORP. COM 927646109 2086.87 35000 SH SOLE 35000
VISHAY INTERTECHNOLOGY, INC. COM 928298108 580.45 15300 SH SOLE 15300
VISUAL NETWORKS, INC. COM 928444108 769.50 27000 SH SOLE 27000
VITESSE SEMICONDUCTOR CORP. COM 928497106 868.04 11800 SH SOLE 11800
VOICESTREAM WIRELESS CORP. COM 928615103 387.26 3330 SH SOLE 3330
WADDELL & REED FINANCIAL, INC. CL A 930059100 1601.27 48800 SH SOLE 48800
WAL-MART STORES INC. COM 931142103 31066.79 539120 SH SOLE 539120
WALGREEN CO. COM 931422109 9055.77 281340 SH SOLE 281340
WATERS CORP. COM 941848103 986.02 7900 SH SOLE 7900
WATSON PHARMACEUTICALS, INC. COM 942683103 1704.95 31720 SH SOLE 31720
WEATHERFORD INT'L, INC. COM 947074100 748.88 18810 SH SOLE 18810
WEBLINK WIRELESS, INC. CL A 94769A101 795.00 60000 SH SOLE 60000
WEBTRENDS CORP. COM 94844D104 847.26 21900 SH SOLE 21900
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 528.79 7300 SH SOLE 7300
WELLS FARGO & CO. COM 949746101 13476.08 347770 SH SOLE 347770
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
WESTERN WIRELESS CORP. CL A 95988E204 346.62 6360 SH SOLE 6360
WESTWOOD ONE, INC. COM 961815107 238.87 7000 SH SOLE 7000
WHOLE FOODS MARKET INC. COM 966837106 1565.76 37900 SH SOLE 37900
WIND RIVER SYSTEMS, INC. COM 973149107 569.94 15048 SH SOLE 15048
WINSTAR COMMUNICATIONS, INC. COM 975515107 501.35 14800 SH SOLE 14800
WORLDCOM, INC. COM 98157D106 31545.48 687640 SH SOLE 687640
XILINX INC. COM 983919101 5222.93 63260 SH SOLE 63260
YAHOO! INC. COM 984332106 5114.79 41290 SH SOLE 41290
YOUNG & RUBICAM INC. COM 987425105 205.87 3600 SH SOLE 3600
ZALE CORP. COM 988858106 384.34 10530 SH SOLE 10530
ZEBRA TECHNOLOGIES CORP. CL A 989207105 319.05 7200 SH SOLE 7200
ZIONS BANCORP. COM 989701107 242.76 5290 SH SOLE 5290
ZORAN CORP. COM 98975F101 468.15 7100 SH SOLE 7100
ZOLL MEDICAL CORP. COM 989922109 999.60 20400 SH SOLE 20400
ACE LTD. ORD G0070K103 719.60 25700 SH SOLE 25700
AMDOCS LTD. ORD G02602103 291.65 3800 SH SOLE 3800
FLAG TELECOM HOLDINGS LTD. ORD G3529L102 225.35 15150 SH SOLE 15150
GEMSTAR INT'L GROUP LTD. ORD G3788V106 454.75 7400 SH SOLE 7400
GLOBAL CROSSING LTD. PFD CV 6.75 G3921A134 2493.40 11200 SH SOLE 11200
TRANSOCEAN SEDCO FOREX INC. ORD G90078109 7113.02 133108 SH SOLE 133108
CHECK POINT SOFTWARE TECH LTD. ORD M22465104 635.25 3000 SH SOLE 3000
GILAT SATELLITE NETWORKS LTD. ORD M51474100 235.87 3400 SH SOLE 3400
COMPLETEL EUROPE N.V. ORD N21590109 1740.00 145000 SH SOLE 145000
CORE LABORATORIES N.V. COM N22717107 1400.70 48300 SH SOLE 48300
FLEXTRONICS INT'L LTD. ORD Y2573F102 6370.74 92749 SH SOLE 92749
GRAND TOTAL $2076919
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