UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/00
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: John C. Bjork
Title: Assistant Secretary
Phone: (612) 340-7005
Signature, Place, and Date of Signing:
/s/ John C. Bjork Minneapolis, Minnesota 05/05/00
------------------------- ---------------------- -------
[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: 576
Form 13F Information Table Value Total: $2,114,818
(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 732.70 13600 SH SOLE 13600
ACT MANUFACTURING INC. COM 000973107 1353.69 24200 SH SOLE 24200
AES (THE) CORP. COM 00130H105 211.05 2680 SH SOLE 2680
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 23656.89 420567 SH SOLE 420567
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 8784.99 148270 SH SOLE 148270
ATMI, INC. COM 00207R101 1642.60 34400 SH SOLE 34400
ABBOTT LABORATORIES COM 002824100 4757.06 135190 SH SOLE 135190
ACCREDO HEALTH, INC. COM 00437V104 1222.31 36900 SH SOLE 36900
ACTEL CORP. COM 004934105 1199.11 33600 SH SOLE 33600
ACTUATE CORP. COM 00508B102 979.39 18200 SH SOLE 18200
ACXIOM CORP. COM 005125109 2081.45 62600 SH SOLE 62600
ADAPTEC INC. COM 00651F108 370.80 9600 SH SOLE 9600
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 006848402 1535.00 10000 SH SOLE 10000
ADOBE SYSTEMS INC. COM 00724F101 222.62 2000 SH SOLE 2000
ADVANCE PARADIGM, INC. COM 007491103 661.43 55700 SH SOLE 55700
ADVANCED DIGITAL INFO CORP. COM 007525108 1181.62 34500 SH SOLE 34500
AEROFLEX INC. COM 007768104 405.90 8200 SH SOLE 8200
ADVANCED MICRO DEVICES, INC. COM 007903107 279.60 4900 SH SOLE 4900
ADVANCED ENERGY INDUSTRIES COM 007973100 1315.80 25800 SH SOLE 25800
ADVENT SOFTWARE, INC. COM 007974108 1734.07 37800 SH SOLE 37800
AFFILIATED MANGERS GROUP, INC. COM 008252108 1577.00 33200 SH SOLE 33200
AFFYMETRIX, INC. COM 00826T108 222.65 1500 SH SOLE 1500
AGILENT TECHNOLOGIES, INC. COM 00846U101 3452.80 33200 SH SOLE 33200
AIR PRODUCTS AND CHEMICALS INC COM 009158106 4884.22 171750 SH SOLE 171750
ALBANY MOLECULAR RESEARCH COM 012423109 1161.66 19900 SH SOLE 19900
ALCOA INC. COM 013817101 3860.23 54950 SH SOLE 54950
ALEXION PHARMACEUTICALS INC. COM 015351109 585.90 8400 SH SOLE 8400
ALLEGIANCE TELECOM, INC. COM 01747T102 1199.78 14881 SH SOLE 14881
ALLLSCRIPTS, INC. COM 019886100 913.90 15200 SH SOLE 15200
ALPHA INDUSTRIES, INC. COM 020753109 1111.50 11700 SH SOLE 11700
ALPHARMA INC. CLA 020813101 371.17 10100 SH SOLE 10100
ALTERA CORP. COM 021441100 5271.99 59070 SH SOLE 59070
ALTEON WEBSYSTEMS, INC. COM 02145A109 278.80 3400 SH SOLE 3400
AMERICA ONLINE, INC. COM 02364J104 13295.32 197700 SH SOLE 197700
AMERICAN EXPRESS CO. COM 025816109 10748.85 72170 SH SOLE 72170
AMERICAN HOME PRODUCTS CORP. COM 026609107 11809.83 220230 SH SOLE 220230
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
AMERICAN INT'L GROUP INC. COM 026874107 32136.06 293480 SH SOLE 293480
AMERICAN ITALIAN PASTA CO. CL A 027070101 270.87 11000 SH SOLE 11000
AMERICAN MANAGEMENT SYS INC. COM 027352103 1125.99 25700 SH SOLE 25700
AMERICAN MOBILE SATELLITE CORP COM 02755R103 391.20 16300 SH SOLE 16300
AMERICAN POWER CONVERSION CORP COM 029066107 928.67 21660 SH SOLE 21660
AMERICAN TOWER CORP. CL A 029912201 1999.68 40500 SH SOLE 40500
AMERICAN XTAL TECHNOLOGY, INC. COM 030514103 631.31 19500 SH SOLE 19500
AMGEN INC. COM 031162100 18361.55 299170 SH SOLE 299170
AMKOR TECHNOLOGIES, INC. COM 031652100 647.36 12200 SH SOLE 12200
AMPHENOL CORP. CLA 032095101 1257.67 12300 SH SOLE 12300
ANALOG DEVICES, INC. COM 032654105 7294.97 90550 SH SOLE 90550
ANAREN MICROWAVE, INC. COM 032744104 378.70 3950 SH SOLE 3950
ANDREW CORPORATION COM 034425108 915.00 40000 SH SOLE 40000
ANDRX CORP. COM 034551101 1732.50 15000 SH SOLE 15000
ANTEC CORP. COM 03664P105 1801.48 40200 SH SOLE 40200
APACHE CORP. COM 037411105 771.12 15500 SH SOLE 15500
APEX INC. COM 037548104 1236.26 33300 SH SOLE 33300
APOLLO GROUP, INC. CL A 037604105 1261.69 44760 SH SOLE 44760
APPLE COMPUTER, INC. COM 037833100 5899.71 43440 SH SOLE 43440
APPLEBEES INT'L INC. COM 037899101 1144.68 40700 SH SOLE 40700
APPLIED MATERIALS INC. COM 038222105 25418.18 269689 SH SOLE 269689
APPLIED MICRO CIRCUITS CORP. COM 03822W109 4411.85 29400 SH SOLE 29400
APPLIED SCIENCE & TECHNOLOGY COM 038236105 1082.95 35800 SH SOLE 35800
ARADIGM CORP. COM 038505103 1064.62 51000 SH SOLE 51000
ARCH COMMUNICATIONS GROUP INC. COM 039381504 310.00 40000 SH SOLE 40000
ARTHROCARE CORPORATION COM 043136100 1407.60 15300 SH SOLE 15300
ASTROPOWER, INC. COM 04644A101 733.50 22700 SH SOLE 22700
ASYST TECHNOLOGIES, INC. COM 04648X107 1450.80 24800 SH SOLE 24800
ATMEL CORP. COM 049513104 278.77 5400 SH SOLE 5400
AURORA BIOSCIENCES CORP. COM 051920106 376.05 9200 SH SOLE 9200
AUTOMATIC DATA PROCESSING INC. COM 053015103 7515.90 155770 SH SOLE 155770
AWARE, INC. COM 05453N100 1251.90 31200 SH SOLE 31200
BISYS (THE) GROUP, INC. COM 055472104 1835.40 27600 SH SOLE 27600
BJ SERVICES CO. COM 055482103 2730.42 36960 SH SOLE 36960
BJ'S WHOLESALE CLUB, INC. COM 05548J106 544.61 14100 SH SOLE 14100
BANK OF AMERICA CORP. COM 060505104 8734.59 166570 SH SOLE 166570
BANK OF NEW YORK CO. COM 064057102 13098.99 315160 SH SOLE 315160
BARRETT RESOURCES CORP. COM PAR $0.01 068480201 1228.29 41200 SH SOLE 41200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BEA SYSTEMS, INC. COM 073325102 476.93 6500 SH SOLE 6500
BECTON, DICKINSON AND CO. COM 075887109 7263.70 276050 SH SOLE 276050
BED, BATH & BEYOND INC. COM 075896100 278.77 7080 SH SOLE 7080
BELL ATLANTIC CORP. COM 077853109 8479.87 138730 SH SOLE 138730
BENCHMARK ELECTRONICS INC. COM 08160H101 962.00 26000 SH SOLE 26000
BEST BUY CO. INC. COM 086516101 12291.98 142930 SH SOLE 142930
BINDVIEW DEVELOPMENT CORP. COM 090327107 1099.63 35400 SH SOLE 35400
BIOGEN, INC. COM 090597105 5491.47 78590 SH SOLE 78590
BIOMATRIX, INC. COM 09060P102 1020.00 40000 SH SOLE 40000
BIOMET INC. COM 090613100 409.94 11270 SH SOLE 11270
BLACK BOX CORP. COM 091826107 1066.20 15400 SH SOLE 15400
BOWATER INC. COM 102183100 245.52 4600 SH SOLE 4600
BRISTOL MYERS SQUIBB CO. COM 110122108 14124.49 244580 SH SOLE 244580
BROADCOM CORP. CL A 111320107 5333.53 21960 SH SOLE 21960
BROADVISION, INC. COM 111412102 1139.82 25400 SH SOLE 25400
BROADWING INC. COM 111620100 383.03 10300 SH SOLE 10300
BURR-BROWN CORP. COM 122574106 2336.76 42975 SH SOLE 42975
CBS CORP. COM 12490K107 14878.21 262750 SH SOLE 262750
C-COR ELECTRONICS COM 125010108 1156.40 23600 SH SOLE 23600
C-CUBE MICROSYSTEMS INC. COM 125015107 1296.07 17800 SH SOLE 17800
CDW COMPUTER CENTERS, INC. COM 125129106 1511.44 17900 SH SOLE 17900
C.H. ROBINSON WORLDWIDE, INC. COM 12541W100 1028.10 27600 SH SOLE 27600
CIGNA CORP. COM 125509109 7961.32 105100 SH SOLE 105100
CSG SYSTEMS INT'L, INC. COM 126349109 541.82 11100 SH SOLE 11100
CTS CORP. COM 126501105 353.40 6200 SH SOLE 6200
CVS CORP. COM 126650100 4280.67 113960 SH SOLE 113960
CABLE DESIGN TECHNOLOGIES CORP COM 126924109 1839.43 54200 SH SOLE 54200
CACHEFLOW INC. COM 126946102 379.20 3200 SH SOLE 3200
CAL DIVE INTL', INC. COM 127914109 1466.67 28900 SH SOLE 28900
CALPINE CORP. COM 131347106 864.80 9200 SH SOLE 9200
CAPROCK COMMUNICATIONS CORP. COM 140667106 1048.60 21400 SH SOLE 21400
CAPSTAR HOTEL CO. SUB NT CV4.75%04 140918AC7 1981.80 2700000 PRN SOLE 0
CARNIVAL CORP. COM 143658102 5762.07 232220 SH SOLE 232220
CARRIER ACCESS CORP. COM 144460102 921.22 17300 SH SOLE 17300
CATALINA MARKETING CORP. COM 148867104 354.37 3500 SH SOLE 3500
CATALYTICA, INC. COM 148885106 155.82 10700 SH SOLE 10700
CENTURY MAINTENANCE SUPPLY COM 156616401 1707.37 19347 SH SOLE 19347
CENTURYTEL INC. COM 156700106 336.53 9065 SH SOLE 9065
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
CEPHALON, INC. COM 156708109 378.75 10100 SH SOLE 10100
CERNER CORP. COM 156782104 399.60 14800 SH SOLE 14800
CHARTER COMMUNICATIONS, INC. CL A 16117M107 5309.95 370600 SH SOLE 370600
CHASE MANHATTAN CORP. COM 16161A108 18078.43 207350 SH SOLE 207350
CHECKFREE HOLDINGS CORP. COM 162816102 486.45 6900 SH SOLE 6900
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 1725.00 46000 SH SOLE 46000
CHEVRON CORP. COM 166751107 14871.42 160880 SH SOLE 160880
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 2990.00 65000 SH SOLE 65000
CIENA CORP. COM 171779101 616.75 4890 SH SOLE 4890
CIRCUIT CITY STORES, INC. CIR CITY GRP 172737108 11653.30 191430 SH SOLE 191430
CISCO SYSTEMS, INC. COM 17275R102 83225.89 1076480 SH SOLE 1076480
CITADEL COMMUNICATIONS CORP. COM 172853202 586.41 13900 SH SOLE 13900
CITIGROUP INC. COM 172967101 35055.76 591030 SH SOLE 591030
CITRIX SYSTEMS, INC. COM 177376100 1330.30 20080 SH SOLE 20080
CITY NATIONAL CORP. COM 178566105 638.38 18950 SH SOLE 18950
CLEAR CHANNEL COMMUNICATIONS COM 184502102 9630.83 139450 SH SOLE 139450
COCA-COLA CO. COM 191216100 11264.18 239980 SH SOLE 239980
COGNEX CORP. COM 192422103 1407.58 24400 SH SOLE 24400
COGNIZANT TECH SOLUTIONS CORP. CL A 192446102 1612.50 25800 SH SOLE 25800
COGNOS, INC. COM 19244C109 1151.15 18400 SH SOLE 18400
COHU, INC. COM 192576106 958.82 23000 SH SOLE 23000
KENNETH COLE PRODUCTIONS, INC. COM 193294105 1277.58 32550 SH SOLE 32550
COLGATE-PALMOLIVE CO. COM 194162103 8411.71 149210 SH SOLE 149210
COMCAST CORP. CL A SPL 200300200 6099.39 140620 SH SOLE 140620
COMDISCO, INC. COM 200336105 286.81 6500 SH SOLE 6500
COMMSCOPE, INC. COM 203372107 1528.43 33500 SH SOLE 33500
COMMUNITY FIRST BANKSHARES INC COM 203902101 851.20 53200 SH SOLE 53200
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 1890.00 10000 SH SOLE 10000
CONCORD COMMUNICATIONS, INC. COM 206186108 746.82 21000 SH SOLE 21000
CONCORD EFS, INC. COM 206197105 318.83 13900 SH SOLE 13900
CONEXANT SYSTEMS, INC. COM 207142100 631.90 8900 SH SOLE 8900
CONOCO INC. CLB 208251405 8733.66 340826 SH SOLE 340826
CONVERGENT COMMUNICATIONS INC. COM 211914403 205.53 18900 SH SOLE 18900
CONVERGYS CORP. COM 212485106 807.26 20900 SH SOLE 20900
COOPER CAMERON CORP. COM 216640102 695.50 10400 SH SOLE 10400
COPART, INC. COM 217204106 1624.00 92800 SH SOLE 92800
COPPER MOUNTAI N NETWORKS, INC COM 217510106 401.49 4900 SH SOLE 4900
CORNING INC. COM 219350105 13384.06 68990 SH SOLE 68990
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
COSTCO WHOLESALE CORP. COM 22160K105 4667.06 88790 SH SOLE 88790
COSTAR GROUP INC. COM 22160N109 851.81 23100 SH SOLE 23100
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 358.50 300000 PRN SOLE 0
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 717.00 600000 PRN SOLE 0
COVAD COMMUNICATION GROUP INC. COM 222814204 384.25 5300 SH SOLE 5300
COX RADIO, INC. CL A 224051102 1713.60 20400 SH SOLE 20400
CREDENCE SYSTEMS CORP. COM 225302108 882.13 7050 SH SOLE 7050
CREE, INC. COM 225447101 699.82 6200 SH SOLE 6200
CRITICAL PATH, INC. COM 22674V100 450.50 5300 SH SOLE 5300
CUBIST PHARMACEUTICALS, INC. COM 229678107 875.18 20900 SH SOLE 20900
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 1143.80 30400 SH SOLE 30400
CYMER, INC. COM 232572107 1435.00 28700 SH SOLE 28700
CYPRESS SEMICONDUCTOR CORP. COM 232806109 231.77 4700 SH SOLE 4700
CYTYC CORP. COM 232946103 2190.55 45400 SH SOLE 45400
DII GROUP, INC. (THE) COM 232949107 1797.70 15900 SH SOLE 15900
DQE, INC. COM 23329J104 373.10 8200 SH SOLE 8200
DST SYSTEMS, INC. COM 233326107 233.77 3600 SH SOLE 3600
DALLAS SEMICONDUCTOR CORP. COM 235204104 1176.68 33500 SH SOLE 33500
DELL COMPUTER CORP. COM 247025109 8928.89 165540 SH SOLE 165540
DELTA AIR LINES COM 247361108 242.28 4550 SH SOLE 4550
DENDRITE INTERNATIONAL, INC. COM 248239105 404.10 19300 SH SOLE 19300
DENTSPLY INT'L INC. COM 249030107 1058.38 37300 SH SOLE 37300
DEVON ENERGY CORP. COM 25179M103 675.02 13900 SH SOLE 13900
DIAMOND OFFSHORE DRILLING COM 25271C102 1755.67 43960 SH SOLE 43960
DIAMOND TECH PARTNERS INC. CL A 252762109 657.50 10000 SH SOLE 10000
DIGITAL MICROWAVE CORP. COM 253859102 381.09 11250 SH SOLE 11250
DIGITAL ISLAND, INC. COM 25385N101 231.56 3800 SH SOLE 3800
DIGITAL RIVER, INC. COM 25388B104 905.15 42100 SH SOLE 42100
DOCUMENTUM, INC. COM 256159104 1341.60 17200 SH SOLE 17200
DOLLAR TREE STORES, INC. COM 256747106 298.15 5720 SH SOLE 5720
DOVER CORP. COM 260003108 4882.29 101980 SH SOLE 101980
DSL.NET, INC. COM 262506108 240.48 10900 SH SOLE 10900
DUPONT (E.I.) DE NEMOURS COM 263534109 6389.15 120835 SH SOLE 120835
DYCOM INDUSTRIES, INC. COM 267475101 3190.68 65450 SH SOLE 65450
DYNEGY INC. CL A 26816Q101 696.33 11097 SH SOLE 11097
EGL, INC. COM 268484102 677.87 29000 SH SOLE 29000
EMC CORP. COM 268648102 36286.25 290290 SH SOLE 290290
ENSCO INTERNATIONAL, INC. COM 26874Q100 908.90 25160 SH SOLE 25160
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EOG RESOURCES, INC. COM 26875P101 614.45 29000 SH SOLE 29000
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 821.60 10400 SH SOLE 10400
J.D. EDWARDS COM 281667105 348.42 10700 SH SOLE 10700
EDWARDS (A.G.) INC. COM 281760108 684.00 17100 SH SOLE 17100
ELAN CORP. PLC ADR 284131208 650.75 13700 SH SOLE 13700
ELECTRO SCIENTIFIC INDUSTRIES COM 285229100 498.80 8600 SH SOLE 8600
ELECTRONIC DATA SYSTEMS CORP. COM 285661104 6791.73 105810 SH SOLE 105810
ELECTRONICS FOR IMAGING, INC. COM 286082102 582.00 9700 SH SOLE 9700
EMMIS COMMUNICATIONS CORP. CL A 291525103 1627.50 35000 SH SOLE 35000
EMULEX CORP. COM NEW 292475209 1058.51 9700 SH SOLE 9700
ENRON CORP. COM 293561106 9391.57 125430 SH SOLE 125430
ENTRUST TECHNOLOGIES INC. COM 293848107 450.91 5300 SH SOLE 5300
EXAR CORP. COM 300645108 422.22 5900 SH SOLE 5900
EXCHANGE APPLICATIONS, INC. COM 300867108 2550.84 48200 SH SOLE 48200
EXODUS COMMUNICATIONS, INC. COM 302088109 5191.47 36950 SH SOLE 36950
EXPEDITORS INT'L OF WASHINGTON COM 302130109 1119.36 28160 SH SOLE 28160
EXTREME NETWORKS, INC. COM 30226D106 1169.20 14800 SH SOLE 14800
EXXON MOBIL CORP. COM 30231G102 31455.82 404249 SH SOLE 404249
F.Y.I. INC. COM 302712104 656.42 24200 SH SOLE 24200
FACTSET RESEARCH SYSTEMS INC. COM 303075105 963.44 35600 SH SOLE 35600
FAMILY DOLLAR STORES, INC. COM 307000109 799.63 38420 SH SOLE 38420
FEDERAL HOME LOAN MTG CORP. COM 313400301 10532.20 238350 SH SOLE 238350
FEDERAL NATIONAL MTG ASSOC. COM 313586109 14934.62 264620 SH SOLE 264620
FIRST CONSULTING GROUP, INC. COM 31986R103 380.25 23400 SH SOLE 23400
FISERV INC. COM 337738108 866.48 23300 SH SOLE 23300
FOREST LABORATORIES, INC. CL A 345838106 1167.79 13820 SH SOLE 13820
FORRESTER RESEARCH, INC. COM 346563109 428.57 7900 SH SOLE 7900
FORWARD AIR CORP. COM 349853101 1132.28 47800 SH SOLE 47800
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 820.00 1000000 PRN SOLE 0
GAP INC. COM 364760108 9025.61 181190 SH SOLE 181190
GAYLORD CONTAINER CORP. CL A 368145108 714.08 112013 SH SOLE 112013
GAYLORD CONTAINER CORP. WT EXP 110202 368145116 985.72 154623 SH SOLE 154623
GENENTECH, INC. COM 368710406 10830.00 71250 SH SOLE 71250
GENERAL ELECTRIC CO. COM 369604103 57764.07 372220 SH SOLE 372220
GENERAL MOTORS CORP. CL H NEW 370442832 9049.90 72690 SH SOLE 72690
GENTEX CORP. COM 371901109 2053.29 55400 SH SOLE 55400
GENSET SPONSORED ADR 37244T104 503.50 15500 SH SOLE 15500
GENZYME TRANSGENICS CORP. COM 37246E105 728.00 36400 SH SOLE 36400
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
GETTY IMAGES, INC. COM 374276103 610.94 17000 SH SOLE 17000
GILLETTE CO. COM 375766102 7480.31 198480 SH SOLE 198480
GLOBESPAN, INC. COM 379571102 1508.68 14800 SH SOLE 14800
GRANITE BROADCASTING CORP. COM 387241102 1567.50 220000 SH SOLE 220000
GREAT PLAINS SOFTWARE INC. COM 39119E105 1024.80 19200 SH SOLE 19200
GUIDANT CORP. COM 401698105 4579.18 77860 SH SOLE 77860
HAIN FOOD GROUP, INC. COM 405219106 908.84 32100 SH SOLE 32100
HALLIBURTON CO. COM 406216101 16458.63 401430 SH SOLE 401430
HARBINGER CORP. COM 41145C103 1103.83 37900 SH SOLE 37900
HARLEY DAVIDSON INC. COM 412822108 6793.70 85590 SH SOLE 85590
HARRIS CORP. COM 413875105 411.29 11900 SH SOLE 11900
HEALTH MGMT ASSOCIATES INC. CL A 421933102 526.53 36950 SH SOLE 36950
HELIX TECHNOLOGY CORP. COM 423319102 408.42 6800 SH SOLE 6800
JACK HENRY & ASSOCIATES, INC. COM 426281101 1080.43 29300 SH SOLE 29300
HERSHEY FOODS CORP. COM 427866108 3997.50 82000 SH SOLE 82000
HEWLETT-PACKARD CO. COM 428236103 19990.50 150800 SH SOLE 150800
HISPANIC BROADCASTING CORP. CL A 43357B104 656.85 5800 SH SOLE 5800
HOME DEPOT, INC. COM 437076102 28295.18 438685 SH SOLE 438685
HONEYWELL INT'L INC. COM 438516106 12608.13 239298 SH SOLE 239298
HOOPER HOLMES, INC. COM 439104100 730.86 21300 SH SOLE 21300
HYPERION SOLUTIONS CORP. COM 44914M104 894.88 27535 SH SOLE 27535
ICG COMMUNICATIONS, INC. COM 449246107 3890.66 107700 SH SOLE 107700
IDEC PHARMACEUTICALS CORP. COM 449370105 761.43 7750 SH SOLE 7750
ISS GROUP, INC. COM 450306105 1712.55 14700 SH SOLE 14700
ITC DELTACOM, INC. COM 45031T104 1489.12 41800 SH SOLE 41800
IGATE CAPITAL CORP. COM 45169U105 1322.16 29300 SH SOLE 29300
ILLINOIS TOOL WORKS INC. COM 452308109 5565.33 100730 SH SOLE 100730
IMAX CORP. COM 45245E109 922.89 42800 SH SOLE 42800
IMMUNEX CORP. COM 452528102 399.65 6300 SH SOLE 6300
IN FOCUS SYSTEMS, INC. COM 452919103 1274.94 35600 SH SOLE 35600
INFINEON TECHNOLOGIES AG SPONSORED ADR 45662N103 1536.46 26750 SH SOLE 26750
INFOCURE CORP. COM 45665A108 231.08 13300 SH SOLE 13300
INFORMIX CORP. COM 456779107 1198.36 70750 SH SOLE 70750
INKTOMI CORP. COM 457277101 253.50 1300 SH SOLE 1300
INSIGHT ENTERPRISES, INC. COM 45765U103 502.84 13800 SH SOLE 13800
INSITUFORM TECHNOLOGIES CL A 457667103 934.06 30500 SH SOLE 30500
INTEGRATED DEVICE TECH INC. COM 458118106 320.96 8100 SH SOLE 8100
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 59.47 1900000 PRN SOLE 0
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INTEGRATED SILICON SOLUTION COM 45812P107 206.65 7050 SH SOLE 7050
INTEL CORP. COM 458140100 64000.48 485080 SH SOLE 485080
INTER-TEL INC. COM 458372109 621.41 22700 SH SOLE 22700
INTERCEPT GROUP, INC. COM 45845L107 507.27 19700 SH SOLE 19700
INTERMEDIA COMMUNICATIONS INC. COM 458801107 590.67 12226 SH SOLE 12226
INTERNATIONAL BUS. MACHINES COM 459200101 25490.36 216020 SH SOLE 216020
INTERNATIONAL HOME FOODS, INC. COM 459655106 176.00 11000 SH SOLE 11000
INTERNATIONAL PAPER CO. COM 460146103 3036.53 71030 SH SOLE 71030
INTERNET PICTURES CORP. COM 46059S101 760.21 22400 SH SOLE 22400
INTRANET SOLUTIONS, INC. COM NEW 460939309 1541.00 33500 SH SOLE 33500
INTERVU INC. COM 46114R106 387.00 4300 SH SOLE 4300
INTUIT INC. COM 461202103 255.56 4700 SH SOLE 4700
INVESTMENT TECHNOLOGY GROUP COM 46145F105 920.02 26100 SH SOLE 26100
IRON MOUNTAIN INC. COM 462846106 1652.05 48500 SH SOLE 48500
I-2 TECHNOLOGIES, INC. COM 465754109 317.52 2600 SH SOLE 2600
IVAX CORP. COM 465823102 376.05 13800 SH SOLE 13800
JDS UNIPHASE CORP. COM 46612J101 8031.90 66620 SH SOLE 66620
JABIL CIRCUIT, INC. COM 466313103 1020.70 23600 SH SOLE 23600
JOHNSON & JOHNSON COM 478160104 11911.41 170010 SH SOLE 170010
JONES APPAREL GROUP INC. COM 480074103 557.81 17500 SH SOLE 17500
JONES PHARMA INC. COM 480236108 984.90 32425 SH SOLE 32425
KLA INSTRUMENTS CORP. COM 482480100 647.04 7680 SH SOLE 7680
K-V PHARMACEUTICAL CO. CL A 482740206 400.43 14900 SH SOLE 14900
KANSAS CITY SOUTHERN INDS INC. COM 485170104 275.00 3200 SH SOLE 3200
KEMET CORP. COM 488360108 1397.82 22100 SH SOLE 22100
KING PHARMACEUTICALS,T INC. COM 495582108 802.39 25473 SH SOLE 25473
KOPIN CORP. COM 500600101 1072.50 15600 SH SOLE 15600
KROGER CO. COM 501044101 6650.58 378670 SH SOLE 378670
KRONOS INC. COM 501052104 210.33 7100 SH SOLE 7100
KULICKE & SOFFA INDUSTRIES,INC COM 501242101 1934.70 30200 SH SOLE 30200
LSI LOGIC CORP. COM 502161102 512.00 7050 SH SOLE 7050
LTX CORP. COM 502392103 967.02 21400 SH SOLE 21400
L-3 COMMUNICATIONS HOLDINGS COM 502424104 1274.00 24500 SH SOLE 24500
LAM RESEARCH CORP. COM 512807108 513.71 11400 SH SOLE 11400
LAMAR ADVERTISING CO. CL A 512815101 295.75 6500 SH SOLE 6500
LATTICE SEMICONDUCTOR CORP. COM 518415104 1631.28 24100 SH SOLE 24100
LEARNING TREE INT'L, INC. COM 522015106 1558.45 43900 SH SOLE 43900
LEGGETT & PLATT INC. COM 524660107 221.02 10280 SH SOLE 10280
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LEGG MASON, INC. COM 524901105 605.50 14000 SH SOLE 14000
LEXMARK INT'L GROUP, INC. CL A 529771107 4895.16 46290 SH SOLE 46290
LIFEPOINT HOSPITALS, INC. COM 53219L109 1100.57 66200 SH SOLE 66200
LILLY (ELI) & CO. COM 532457108 5562.27 88290 SH SOLE 88290
LINEAR TECHNOLOGY CORP. COM 535678106 510.40 9280 SH SOLE 9280
LINENS 'N THINGS, INC. COM 535679104 448.67 13100 SH SOLE 13100
LUCENT TECHNOLOGIES, INC. COM 549463107 21846.91 359620 SH SOLE 359620
LYCOS, INC. COM 550818108 309.10 4400 SH SOLE 4400
MBNA CORP. COM 55262L100 7190.49 281980 SH SOLE 281980
MCI WORLDCOM, INC. COM 55268B106 31054.81 685340 SH SOLE 685340
MMC NETWORKS, INC. COM 55308N102 732.60 22200 SH SOLE 22200
MACROVISION CORP. COM 555904101 2290.92 26600 SH SOLE 26600
MACROMEDIA, INC. COM 556100105 442.53 4900 SH SOLE 4900
MAGELLAN HEALTH SERVICES, INC. COM 559079108 144.39 30000 SH SOLE 30000
MANPOWER, INC. COM 56418H100 252.05 7100 SH SOLE 7100
MARIMBA, INC. COM 56781Q109 1235.50 28000 SH SOLE 28000
MARINE DRILLING COMPANIES, INC COM PAR $0.01 568240204 946.61 34500 SH SOLE 34500
MARSHALL & ILSLEY CORP. COM 571834100 664.12 11500 SH SOLE 11500
MASTEC, INC. COM 576323109 302.60 3400 SH SOLE 3400
MATTEL INC. COM 577081102 6630.21 635200 SH SOLE 635200
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 750.42 10560 SH SOLE 10560
MAXIM PHARMACEUTICALS, INC. COM 57772M107 291.01 6200 SH SOLE 6200
MAVERICK TUBE CORP. COM 577914104 655.24 20200 SH SOLE 20200
MAXIMUS, INC. COM 577933104 430.05 14100 SH SOLE 14100
MCDONALDS CORP. COM 580135101 14989.89 399060 SH SOLE 399060
MCLEODUSA INC. COM 582266102 424.06 5000 SH SOLE 5000
MEDIAONE GRP/VODAPHONE AIRTOUC COM 58440J104 8133.21 100410 SH SOLE 100410
MEDIACOM COMMUNICATIONS CORP. CL A 58446K105 286.42 20550 SH SOLE 20550
MEDICIS PHARMACEUTICAL CORP. CL A NEW 584690309 992.00 24800 SH SOLE 24800
MEDIMMUNE, INC. COM 584699102 592.02 3400 SH SOLE 3400
MEDQUIST INC. COM 584949101 595.41 21900 SH SOLE 21900
MEDTRONIC INC. COM 585055106 13624.38 264870 SH SOLE 264870
MEMBERWORKS INC. COM 586002107 389.21 9700 SH SOLE 9700
MEN'S (THE) WEARHOUSE, INC. COM 587118100 1848.60 62400 SH SOLE 62400
MERCK AND CO. INC. COM 589331107 17335.98 279050 SH SOLE 279050
MERCURY COMPUTER SYSTEMS, INC. COM 589378108 1593.32 32600 SH SOLE 32600
MERCURY INTERACTIVE CORP. COM 589405109 2108.05 26600 SH SOLE 26600
MERRILL LYNCH & CO., INC. COM 590188108 8140.65 77530 SH SOLE 77530
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
META GROUP, INC. COM 591002100 784.49 30100 SH SOLE 30100
METRIS COMPANIES INC. COM 591598107 1111.82 28600 SH SOLE 28600
METTLER-TOLEDO INT'L INC. COM 592688105 421.66 10300 SH SOLE 10300
MICREL, INC. COM 594793101 1401.60 14600 SH SOLE 14600
MICROS SYSTEMS, INC. COM 594901100 528.67 8400 SH SOLE 8400
MICROSOFT CORP. COM 594918104 62553.62 588740 SH SOLE 588740
MICROCHIP TECHNOLOGY INC. COM 595017104 2176.98 33110 SH SOLE 33110
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 1828.69 41210 SH SOLE 41210
MICROMUSE INC. COM 595094103 2234.88 16100 SH SOLE 16100
MILLIPORE CORP. COM 601073109 665.96 11800 SH SOLE 11800
MINIMED INC. COM 60365K108 725.20 5600 SH SOLE 5600
MIPS TECHNOLOGIES, INC. CLA 604567107 1157.00 20800 SH SOLE 20800
MODIS PROFESSIONAL SERVICES COM 607830106 981.33 79300 SH SOLE 79300
MOLECULAR DEVICES CORP. COM 60851C107 736.80 9600 SH SOLE 9600
MONTANA POWER CO. COM 612085100 864.00 13500 SH SOLE 13500
MORGAN STANLEY DEAN WITTER COM NEW 617446448 16664.13 204310 SH SOLE 204310
MOTOROLA, INC. COM 620076109 21508.87 151072 SH SOLE 151072
MYLAN LABORATORIES INC. COM 628530107 718.85 26140 SH SOLE 26140
NPS PHARMACEUTICALS, INC. COM 62936P103 531.72 35300 SH SOLE 35300
NTL INC. COM 629407107 429.26 4625 SH SOLE 4625
NABORS INDUSTRIES, INC. COM 629568106 457.99 11800 SH SOLE 11800
NAT'L COMPTER SYSTEMS, INC. COM 635519101 2205.59 43460 SH SOLE 43460
NATIONAL INSTRUMENTS CORP. COM 636518102 1652.21 35200 SH SOLE 35200
NATIONAL SEMICONDUCTOR CORP. COM 637640103 582.00 9600 SH SOLE 9600
NATURAL MICROSYSTEMS CORP COM 638882100 814.62 9500 SH SOLE 9500
NETOPIA, INC. COM 64114K104 1222.94 17000 SH SOLE 17000
NETRO CORP. COM 64114R109 351.08 5400 SH SOLE 5400
NETWORK APPLIANCE, INC. COM 64120L104 503.12 6080 SH SOLE 6080
NETWORK PLUS CORP. COM 64122D506 425.25 10500 SH SOLE 10500
NEWFIELD EXPLORATION COMPANY COM 651290108 1508.70 42800 SH SOLE 42800
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 12190.59 82230 SH SOLE 82230
NEXTEL PARTNERS, INC. CL A 65333F107 295.80 10200 SH SOLE 10200
NEXTLINK COMMUNICATIONS, INC. CL A 65333H707 680.28 5500 SH SOLE 5500
NOBLE AFFILIATES INC. COM 654894104 1420.80 43300 SH SOLE 43300
NOKIA OYJ SPONSORED ADR 654902204 13313.08 61280 SH SOLE 61280
NOBLE DRILLING CORP. COM 655042109 360.51 8700 SH SOLE 8700
NORTEL NETWORKS CORP. COM 656569100 18120.06 143810 SH SOLE 143810
NORTH FORK BANCORPORATION, INC COM 659424105 296.72 16600 SH SOLE 16600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
NORTHEAST OPTIC NETWORK, INC. COM 664334109 1065.49 12600 SH SOLE 12600
NORTHERN TRUST CORP. COM 665859104 725.62 10740 SH SOLE 10740
NOVA CORPORATION COM 669784100 1034.66 35525 SH SOLE 35525
NOVELLUS SYSTEMS INC. COM 670008101 697.63 12430 SH SOLE 12430
NOVOSTE CORP. COM 67010C100 1336.00 33400 SH SOLE 33400
NVIDIA CORP. COM 67066G104 287.24 3400 SH SOLE 3400
OCEANEERING INT'L INC. COM 675232102 973.12 51900 SH SOLE 51900
OMNICOM GROUP INC. COM 681919106 7271.34 77820 SH SOLE 77820
ONYX SOFTWARE CORP. COM 683402101 1071.00 33600 SH SOLE 33600
ORACLE CORP. COM 68389X105 32119.02 411450 SH SOLE 411450
OUTBACK STEAKHOUSE, INC. COM 689899102 1330.61 41500 SH SOLE 41500
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 1082.52 40000 SH SOLE 40000
PE CORP. - PE BIOSYSTEMS GROUP COM PE BIO GRP 69332S102 506.62 5250 SH SOLE 5250
PF CHANG'S CHINA BISTRO, INC. COM 69333Y108 1182.56 35700 SH SOLE 35700
PMC-SIERRA, INC. COM 69344F106 3554.35 17450 SH SOLE 17450
PMI GROUP INC. (THE) COM 69344M101 260.90 5500 SH SOLE 5500
PRI AUTOMATION, INC. COM 69357H106 812.96 13300 SH SOLE 13300
PACIFIC CENTURY FINANCIAL CORP COM 694058108 209.22 10300 SH SOLE 10300
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 894.16 23225 SH SOLE 23225
PAIRGAIN TECHNOLOGIES INC. COM 695934109 556.90 29800 SH SOLE 29800
PALM, INC. COM 696642107 803.26 17900 SH SOLE 17900
PANAMSAT CORP. COM 697933109 279.65 5700 SH SOLE 5700
PARADYNE NETWORKS, INC. COM 69911G107 334.80 10800 SH SOLE 10800
PARAMETRIC TECHNOLOGY CO. COM 699173100 284.35 13500 SH SOLE 13500
PEGASUS COMMUNICATIONS CORP. CL A 705904100 436.32 3100 SH SOLE 3100
PEGASUS SYSTEMS, INC. COM 705906105 297.28 18800 SH SOLE 18800
PEOPLES HERITAGE FINANCIAL COM 711147108 594.00 39600 SH SOLE 39600
PEPSICO, INC. COM 713448108 15946.33 461370 SH SOLE 461370
PEREGRINE SYSTEMS, INC. COM 71366Q101 1643.04 24500 SH SOLE 24500
PERICOM SEMICONDUCTOR CORP. COM 713831105 681.64 19100 SH SOLE 19100
PERKINELMER, INC. COM 714046109 578.55 8700 SH SOLE 8700
PFIZER INC. COM 717081103 16343.29 446990 SH SOLE 446990
PHARMACEUTICAL PRODUCT DEV COM 717124101 733.41 43300 SH SOLE 43300
PHARMACOPEIA, INC. COM 71713B104 916.30 18700 SH SOLE 18700
PHOTON DYNAMICS, INC. COM 719364101 1386.90 20100 SH SOLE 20100
PHOTRONICS, INC. COM 719405102 1430.17 40500 SH SOLE 40500
PINNACLE HOLDINGS INC. COM 72346N101 1254.17 22700 SH SOLE 22700
PINNACLE SYSTEMS, INC. COM 723481107 1576.05 47400 SH SOLE 47400
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PLEXUS CORP. COM 729132100 1599.00 24000 SH SOLE 24000
POLYCOM INC. COM 73172K104 1829.24 23100 SH SOLE 23100
POWERWAVE TECHNOLOGIES, INC. COM 739363109 1737.50 13900 SH SOLE 13900
PRAXAIR INC. COM 74005P104 6853.14 164640 SH SOLE 164640
PRE-PAID LEGAL SERVICES, INC. COM 740065107 549.22 18500 SH SOLE 18500
PRECISION DRILLING CORP. COM 74022D100 1201.50 36000 SH SOLE 36000
PRICE COMMUNICATIONS CORP. COM NEW 741437305 1955.00 85000 SH SOLE 85000
PRIMUS KNOWLEDGE SOLUTIONS INC COM 74163Q100 395.60 4600 SH SOLE 4600
PRIMUS TELECOMM GROUP, INC. COM 741929103 2248.42 43500 SH SOLE 43500
PRIORITY HEALTHCARE CORP. CL B 74264T102 1590.41 31650 SH SOLE 31650
PROCTER & GAMBLE CO. COM 742718109 10717.31 190530 SH SOLE 190530
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 185.73 38100 SH SOLE 38100
PROFIT RECOVERY GROUP INT'L COM 743168106 373.70 20200 SH SOLE 20200
PROGRESS SOFTWARE CORP. COM 743312100 379.69 16200 SH SOLE 16200
PROJECT SOFTWARE & DEVELOPMENT COM 74339P101 949.20 16800 SH SOLE 16800
PROTECTION ONE ALARM MONITOR SRSBNTCV 6.75%03 743659AL8 1353.60 2400000 PRN SOLE 0
PROXICOM, INC. COM 744282104 319.05 7200 SH SOLE 7200
PROXIM, INC. COM 744284100 1280.66 10700 SH SOLE 10700
PSINET INC. PFD C CV 6 3/4 74437C309 1280.00 20000 SH SOLE 20000
QRS CORP. COM 74726X105 1760.85 23400 SH SOLE 23400
QLOGIC CORP. COM 747277101 2208.65 16300 SH SOLE 16300
QUALCOMM, INC. COM 747525103 11473.21 76840 SH SOLE 76840
QUANTA SERVICES, INC. COM 74762E102 2287.93 37700 SH SOLE 37700
QUEST DIAGNOSTICS INC. COM 74834L100 1208.40 30400 SH SOLE 30400
RSA SECURITY INC. COM 749719100 1020.71 19700 SH SOLE 19700
RTI INT'L METALS, INC. COM 74973W107 528.78 60000 SH SOLE 60000
RF MICRO DEVICES, INC. COM 749941100 1236.25 9200 SH SOLE 9200
RADIAN GROUP INC. COM 750236101 276.22 5800 SH SOLE 5800
RADIANT SYSTEMS, INC. COM 75025N102 1376.96 21900 SH SOLE 21900
RADIO ONE, INC. CL A 75040P108 359.77 5400 SH SOLE 5400
RADISYS CORP. COM 750459109 1208.51 20100 SH SOLE 20100
RATIONAL SOFTWARE CORP. COM NEW 75409P202 795.60 10400 SH SOLE 10400
REMEC, INC. COM 759543101 1302.90 25800 SH SOLE 25800
REMEDY CORP. COM 759548100 1145.80 27200 SH SOLE 27200
RESEARCH IN MOTION LIMITED COM 760975102 564.45 5300 SH SOLE 5300
RESMED INC. COM 761152107 1448.91 20300 SH SOLE 20300
ROBERT HALF INT'L INC. COM 770323103 275.14 5800 SH SOLE 5800
ROSLYN BANCORP, INC. COM 778162107 199.50 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
ROSS STORES INC. COM 778296103 353.72 14700 SH SOLE 14700
ROWAN COMPANIES, INC. COM 779382100 512.22 17400 SH SOLE 17400
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 14669.35 254840 SH SOLE 254840
RUDOLPH TECHNOLOGIES, INC. COM 781270103 238.50 5300 SH SOLE 5300
SBC COMMUNICATIONS INC. COM 78387G103 21021.08 500502 SH SOLE 500502
SCI SYSTEMS, INC. COM 783890106 726.47 13500 SH SOLE 13500
SDL, INC. COM 784076101 1660.42 7800 SH SOLE 7800
SFX ENTERTAINMENT, INC. CL A 784178105 259.16 6350 SH SOLE 6350
S3 INC. COM 784849101 1614.90 76900 SH SOLE 76900
SAFEWAY INC. COM NEW 786514208 15080.92 333280 SH SOLE 333280
SANDISK CORP. COM 80004C101 281.75 2300 SH SOLE 2300
SANMINA CORP. COM 800907107 2067.42 30600 SH SOLE 30600
SANGSTAT MEDICAL CORP. COM 801003104 783.57 28300 SH SOLE 28300
SCHERING PLOUGH CORP. COM 806605101 8868.87 241330 SH SOLE 241330
SCHLUMBERGER LTD. COM 806857108 14494.45 189470 SH SOLE 189470
SCHOLASTIC CORP. COM 807066105 275.08 5100 SH SOLE 5100
SCHWAB (CHARLES) CORP. COM 808513105 14523.10 255630 SH SOLE 255630
SCIENTIFIC-ATLANTA INC. COM 808655104 545.56 8600 SH SOLE 8600
SEMTECH CORP. COM 816850101 2453.61 38300 SH SOLE 38300
SEQUENOM INDUSTRIAL GENOMICS COM 817337108 381.93 9700 SH SOLE 9700
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 1030.17 20101 SH SOLE 20101
SIEBEL SYSTEMS, INC. COM 826170102 747.68 6260 SH SOLE 6260
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 862.87 29500 SH SOLE 29500
SIRIUS SATELLITE RADIO INC. COM 82966U103 267.90 4700 SH SOLE 4700
SMITH INT'L, INC. COM 832110100 737.02 9510 SH SOLE 9510
SOLECTRON CORP. COM 834182107 12167.53 303710 SH SOLE 303710
SOUTHERN CO. COM 842587107 11940.53 548990 SH SOLE 548990
SOUTHWEST AIRLINES CO. COM 844741108 10718.00 514967 SH SOLE 514967
SPLITROCK SERVICES, INC. COM 848636304 1546.47 18234 SH SOLE 18234
ST ASSEMBLY TEST SERVICES LTD. ADR 85227G102 436.50 9000 SH SOLE 9000
STATE STREET CORP. COM 857477103 5860.93 60500 SH SOLE 60500
STEEL DYNAMICS, INC. COM 858119100 153.78 13300 SH SOLE 13300
SUIZA FOODS CORP. COM 865077101 358.22 8900 SH SOLE 8900
SUN MICROSYSTEMS INC. COM 866810104 28754.63 306870 SH SOLE 306870
SUNGARD DATA SYSTEMS INC. COM 867363103 1815.02 48080 SH SOLE 48080
SUPERGEN, INC. COM 868059106 772.80 16100 SH SOLE 16100
SYBRON CORP. COM 87114F106 379.90 13100 SH SOLE 13100
SYCAMORE NETWORKS, INC. COM 871206108 4004.16 31040 SH SOLE 31040
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SYMANTEC CORP. COM 871503108 1126.87 15000 SH SOLE 15000
SYMBOL TECHNOLOGIES, INC. COM 871508107 716.12 8700 SH SOLE 8700
TCF FINANCIAL CORP. COM 872275102 212.88 8940 SH SOLE 8940
TSI INT'L SOFTWARE LTD. COM 872879101 780.79 9400 SH SOLE 9400
TANNING TECHNOLOGY CORP. COM 87588P101 904.32 21000 SH SOLE 21000
TARGET CORP. COM 87612E106 14632.31 195750 SH SOLE 195750
TECHNE CORP. COM 878377100 1179.90 17100 SH SOLE 17100
TELAXIS COMMUNICATIONS CORP. COM 879202109 240.43 4000 SH SOLE 4000
TELEPHONE AND DATA SYSTEMS COM 879433100 710.40 6400 SH SOLE 6400
TELIGENT, INC. CL A 87959Y103 307.33 4600 SH SOLE 4600
TELLABS, INC. COM 879664100 3346.96 53140 SH SOLE 53140
TENFOLD CORP. COM 88033A103 556.60 9200 SH SOLE 9200
TENET HEALTHCARE CORP. COM 88033G100 393.30 17100 SH SOLE 17100
TERADYNE INC. COM 880770102 641.55 7800 SH SOLE 7800
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 559.69 15000 SH SOLE 15000
TETRA TECH, INC. COM 88162G103 1291.40 54375 SH SOLE 54375
TEXAS INSTRUMENTS INC. COM 882508104 21046.40 131540 SH SOLE 131540
THERAGENICS CORP. COM 883375107 1162.28 86900 SH SOLE 86900
THERMA-WAVE, INC. COM 88343A108 1225.70 36050 SH SOLE 36050
THREE-FIVE SYSTEMS, INC. COM 88554L108 402.00 6700 SH SOLE 6700
TIFFANY & CO. COM 886547108 760.98 9100 SH SOLE 9100
TIME WARNER INC. COM 887315109 17187.00 171870 SH SOLE 171870
TITAN PHARMACEUTICALS, INC. COM 888314101 1164.07 37400 SH SOLE 37400
TOSCO CORP. COM NEW 891490302 329.64 10830 SH SOLE 10830
TRANSWITCH CORP. COM 894065101 1831.18 19050 SH SOLE 19050
TREEV, INC. PFD CONV SER A 894692201 946.99 58500 SH SOLE 58500
TRIGON HEALTHCARE, INC. COM 89618L100 1791.07 50100 SH SOLE 50100
TRIUMPH GROUP, INC. COM 896818101 760.16 26100 SH SOLE 26100
TWEETER HOME ENTERTAINMENT GRP COM 901167106 1031.02 23300 SH SOLE 23300
TYCO INTERNATIONAL LTD. COM 902124106 25245.22 506170 SH SOLE 506170
US BANCORP COM 902973106 6750.40 308590 SH SOLE 308590
USA NETWORKS, INC. COM 902984103 281.13 12460 SH SOLE 12460
U.S. FOODSERVICE COM 90331R101 354.83 13780 SH SOLE 13780
US LEC CORP. CL A 90331S109 234.52 5900 SH SOLE 5900
UTI ENERGY CORP. COM 903387108 1196.67 31700 SH SOLE 31700
UNIONBANCAL CORP. COM 908906100 336.26 12200 SH SOLE 12200
UNITED HEALTHCARE CORP. COM 910581107 4042.57 67800 SH SOLE 67800
UNITEDGLOBALCOM INC. CV PFD 1/20 913247102 3775.00 40000 SH SOLE 40000
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
UNITEDGLOBALCOM INC. CLA 913247508 210.17 2800 SH SOLE 2800
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 1136.80 23200 SH SOLE 23200
UNIVISION COMMUNICATIONS INC. CL A 914906102 824.90 7300 SH SOLE 7300
USINTERNETWORKING, INC. COM 917311805 1075.31 27750 SH SOLE 27750
VEECO INSTRUMENTS INC. COM 922417100 1235.80 16700 SH SOLE 16700
VENTANA MEDICAL SYSTEMS COM 92276H106 449.15 10400 SH SOLE 10400
VERITAS SOFTWARE CORP. COM 923436109 7476.82 57075 SH SOLE 57075
VERITY COM 92343C106 1242.87 30500 SH SOLE 30500
VIATEL, INC. COM 925529208 1003.76 20000 SH SOLE 20000
VICAL INC. COM 925602104 907.85 27100 SH SOLE 27100
VIGNETTE CORP. COM 926734104 224.35 1400 SH SOLE 1400
VISHAY INTERTECHNOLOGY, INC. COM 928298108 317.06 5700 SH SOLE 5700
VISUAL NETWORKS, INC. COM 928444108 1532.25 27000 SH SOLE 27000
VITESSE SEMICONDUCTOR CORP. COM 928497106 1780.62 18500 SH SOLE 18500
VOICESTREAM WIRELESS CORP. COM 928615103 359.38 2790 SH SOLE 2790
WADDELL & REED FINANCIAL, INC. CL A 930059100 1827.92 43200 SH SOLE 43200
WAL-MART STORES INC. COM 931142103 29818.48 537270 SH SOLE 537270
WALGREEN CO. COM 931422109 12046.88 467840 SH SOLE 467840
WARNER-LAMBERT CO. COM 934488107 13665.60 140160 SH SOLE 140160
WATERS CORP. COM 941848103 419.10 4400 SH SOLE 4400
WATSON PHARMACEUTICALS, INC. COM 942683103 516.73 13020 SH SOLE 13020
WEATHERFORD INT'L, INC. COM 947074100 1044.38 17720 SH SOLE 17720
WEBLINK WIRELESS, INC. CL A 94769A101 802.50 60000 SH SOLE 60000
WEBTRENDS CORP. COM 94844D104 1576.80 21900 SH SOLE 21900
WELLPOINT HEALTH NETWORKS INC. COM 94973H108 461.17 6600 SH SOLE 6600
WELLS FARGO & CO. COM 949746101 8714.06 212860 SH SOLE 212860
WESTERN WIRELESS CORP. CL A 95988E204 291.37 6360 SH SOLE 6360
WESTWOOD ONE, INC. COM 961815107 253.75 7000 SH SOLE 7000
WILD OATS MARKETS INC. COM 96808B107 405.90 19800 SH SOLE 19800
WIND RIVER SYSTEMS, INC. COM 973149107 897.11 24748 SH SOLE 24748
WINSTAR COMMUNICATIONS, INC. COM 975515107 762.00 12700 SH SOLE 12700
XCEED INC. COM 98388N105 717.60 29900 SH SOLE 29900
XILINX INC. COM 983919101 5126.12 61900 SH SOLE 61900
YAHOO! INC. COM 984332106 7031.51 41030 SH SOLE 41030
ZALE CORP. COM 988858106 475.65 10080 SH SOLE 10080
ZIONS BANCORP. COM 989701107 220.19 5290 SH SOLE 5290
ZOLL MEDICAL CORP. COM 989922109 1045.50 20400 SH SOLE 20400
ZOMAX OPTICAL MEDIA, INC. COM 989929104 1464.07 24300 SH SOLE 24300
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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
LERNOUT & HAUSPIE SPEECH NV COM B5628B104 375.70 3400 SH SOLE 3400
FLAG TELECOM HOLDINGS LTD. ORD G3529L102 342.76 15150 SH SOLE 15150
GEMSTAR INT'L GROUP LTD. ORD G3788V106 636.40 7400 SH SOLE 7400
TRANSOCEAN SEDCO FOREX INC. ORD G90078109 3548.70 69158 SH SOLE 69158
CHECK POINT SOFTWARE TECH LTD. ORD M22465104 513.18 3000 SH SOLE 3000
COMMTOUCH SOFTWARE LTD ORD M25596103 1110.68 23600 SH SOLE 23600
M-SYSTEMS FLASH DISK PIONEERS ORD M7061C100 643.95 12150 SH SOLE 12150
FLEXTRONICS INT'L LTD. ORD Y2573F102 671.27 9530 SH SOLE 9530
GRAND TOTAL $2114818
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