UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
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 2/14/00
------------------------- ---------------------- -------
[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: 578
Form 13F Information Table Value Total: $1,963,014
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
<PAGE>
<TABLE>
<S> <C> <C>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
ADC TELECOMMUNICATIONS INC. COM 000886101 493.42 6800 SH SOLE 6800
AFLAC INC. COM 001055102 344.47 7300 SH SOLE 7300
AES (THE) CORP. COM 00130H105 200.33 2680 SH SOLE 2680
AMFM INC. COM 001693100 359.95 4600 SH SOLE 4600
AT&T CORP.-LIBERTY MEDIA GROUP COM 001957109 21006.79 413927 SH SOLE 413927
AT&T CORP.-LIBERTY MEDIA GROUP COM LIB GRP A 001957208 380.22 6700 SH SOLE 6700
AT&T CANADA INC. DEPS RCPT CL B 00207Q202 788.90 19600 SH SOLE 19600
ATMI, INC. COM 00207R101 853.02 25800 SH SOLE 25800
AVT CORP. COM 002420107 1363.00 29000 SH SOLE 29000
ABBOTT LABORATORIES COM 002824100 7516.79 207000 SH SOLE 207000
ACNIELSEN CORP. COM 004833109 832.32 33800 SH SOLE 33800
ACTIVISION, INC. COM NEW 004930202 597.20 39000 SH SOLE 39000
ACTUATE CORP. COM 00508B102 1226.22 28600 SH SOLE 28600
ADAPTEC INC. COM 00651F108 478.80 9600 SH SOLE 9600
ADELPHIA COMMUNICATIONS CORP. CL A 006848105 216.56 3300 SH SOLE 3300
ADELPHIA COMMUNICATIONS CORP. PFD CV SER D 006848402 1883.75 10000 SH SOLE 10000
ADTRAN, INC. COM 00738A106 257.19 5000 SH SOLE 5000
ADVANCE PARADIGM, INC. COM 007491103 629.63 29200 SH SOLE 29200
ADVANCED FIBRE COMMUNICATIONS COM 00754A105 464.75 10400 SH SOLE 10400
ADVANCED ENERGY INDUSTRIES COM 007973100 975.15 19800 SH SOLE 19800
AFFILIATED COMPUTER SERVICES CL A 008190100 1159.20 25200 SH SOLE 25200
AFFILIATED MANGERS GROUP, INC. COM 008252108 1726.70 42700 SH SOLE 42700
AFFYMETRIX, INC. COM 00826T108 254.53 1500 SH SOLE 1500
AGILENT TECHNOLOGIES, INC. COM 00846U101 2559.06 33100 SH SOLE 33100
AIR PRODUCTS AND CHEMICALS INC COM 009158106 8525.00 254000 SH SOLE 254000
ALASKA AIR GROUP COM 011659109 488.23 13900 SH SOLE 13900
ALKERMES, INC. COM 01642T108 378.26 7700 SH SOLE 7700
ALPHA INDUSTRIES, INC. COM 020753109 670.56 11700 SH SOLE 11700
ALTERA CORP. COM 021441100 436.15 8800 SH SOLE 8800
AMERICA ONLINE, INC. COM 02364J104 23612.09 313000 SH SOLE 313000
AMERICAN EXPRESS CO. COM 025816109 11770.50 70800 SH SOLE 70800
AMERICAN HOME PRODUCTS CORP. COM 026609107 8581.70 217600 SH SOLE 217600
AMERICAN INT'L GROUP INC. COM 026874107 32581.41 301331 SH SOLE 301331
AMERICAN ITALIAN PASTA CO. CL A 027070101 338.25 11000 SH SOLE 11000
AMERICAN MANAGEMENT SYS INC. COM 027352103 693.38 22100 SH SOLE 22100
AMERICAN POWER CONVERSION CORP COM 029066107 895.69 33960 SH SOLE 33960
<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 TOWER CORP. CL A 029912201 1344.77 44000 SH SOLE 44000
AMERICAN XTAL TECHNOLOGY, INC. COM 030514103 561.50 32200 SH SOLE 32200
AMERICREDIT CORP. COM 03060R101 856.55 46300 SH SOLE 46300
AMPHENOL CORP. CLA 032095101 412.69 6200 SH SOLE 6200
ANALOG DEVICES, INC. COM 032654105 771.90 8300 SH SOLE 8300
ANDREW CORPORATION COM 034425108 501.85 26500 SH SOLE 26500
ANDRX CORP. COM 034551101 732.01 17300 SH SOLE 17300
APARTMENT INVT & MGMT CO. CL A 03748R101 1312.63 32970 SH SOLE 32970
APOLLO GROUP, INC. CL A 037604105 829.80 41360 SH SOLE 41360
APPLEBEES INT'L INC. COM 037899101 823.05 27900 SH SOLE 27900
APPLIED MATERIALS INC. COM 038222105 16431.43 129700 SH SOLE 129700
APPLIED MICRO CIRCUITS CORP. COM 03822W109 279.95 2200 SH SOLE 2200
APPLIED SCIENCE & TECHNOLOGY COM 038236105 1189.77 35800 SH SOLE 35800
ARCH COMMUNICATIONS GROUP INC. COM 039381504 274.74 41666 SH SOLE 41666
ARDENT SOFTWARE, INC. COM 039794102 1111.50 28500 SH SOLE 28500
ARTESYN TECHNOLOGIES, INC. COM 043127109 758.10 36100 SH SOLE 36100
ASSOCIATED BANC-CORP. COM 045487105 226.05 6600 SH SOLE 6600
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 10892.88 397000 SH SOLE 397000
ASYST TECHNOLOGIES, INC. COM 04648X107 1691.52 25800 SH SOLE 25800
AUTOMATIC DATA PROCESSING INC. COM 053015103 8350.62 155000 SH SOLE 155000
AVIS RENT A CAR, INC. COM 053790101 526.59 20600 SH SOLE 20600
BISYS (THE) GROUP, INC. COM 055472104 1800.90 27600 SH SOLE 27600
BJ SERVICES CO. COM 055482103 1202.54 28760 SH SOLE 28760
BJ'S WHOLESALE CLUB, INC. COM 05548J106 514.65 14100 SH SOLE 14100
BMC SOFTWARE, INC. COM 055921100 219.82 2750 SH SOLE 2750
BANK OF AMERICA CORP. COM 060505104 16963.54 338000 SH SOLE 338000
BANK OF NEW YORK CO. COM 064057102 16800.00 420000 SH SOLE 420000
BARNES & NOBLE, INC. COM 067774109 274.31 13300 SH SOLE 13300
BARRETT RESOURCES CORP. COM PAR $0.01 068480201 459.23 15600 SH SOLE 15600
BAUSCH & LOMB INC. COM 071707103 349.03 5100 SH SOLE 5100
BEA SYSTEMS, INC. COM 073325102 237.78 3400 SH SOLE 3400
BEAR STEARNS COMPANIES INC. COM 073902108 225.07 5265 SH SOLE 5265
BECTON, DICKINSON AND CO. COM 075887109 6952.32 259900 SH SOLE 259900
BED, BATH & BEYOND INC. COM 075896100 788.13 22680 SH SOLE 22680
BELL ATLANTIC CORP. COM 077853109 16492.72 267900 SH SOLE 267900
BEN AND JERRY'S HOMEMADE INC. CLA 081465106 305.96 12300 SH SOLE 12300
BENCHMARK ELECTRONICS INC. COM 08160H101 316.54 13800 SH SOLE 13800
BEST BUY CO. INC. COM 086516101 9410.25 187500 SH SOLE 187500
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
BEYOND.COM CORP. COM 08860E101 379.71 48600 SH SOLE 48600
BIOGEN, INC. COM 090597105 667.55 7900 SH SOLE 7900
BIOMET INC. COM 090613100 450.80 11270 SH SOLE 11270
BLACK BOX CORP. COM 091826107 1467.30 21900 SH SOLE 21900
E.W. BLANCH HOLDINGS INC. COM 093210102 716.62 11700 SH SOLE 11700
BOEING CO. COM 097023105 6853.73 164900 SH SOLE 164900
BOWATER INC. COM 102183100 249.83 4600 SH SOLE 4600
BRIGHT HORIZON FAMILY SOLUTION COM 109195107 639.37 34100 SH SOLE 34100
BRINKER INTERNATIONAL INC. COM 109641100 602.40 25100 SH SOLE 25100
BRISTOL MYERS SQUIBB CO. COM 110122108 15430.79 240400 SH SOLE 240400
BROADVISION, INC. COM 111412102 204.07 1200 SH SOLE 1200
BURR-BROWN CORP. COM 122574106 2300.25 63675 SH SOLE 63675
BUSINESS OBJECTS S.A. SPONSORED ADR 12328X107 387.51 2900 SH SOLE 2900
C-CUBE MICROSYSTEMS INC. COM 125015107 1201.42 19300 SH SOLE 19300
CDW COMPUTER CENTERS, INC. COM 125129106 2083.56 26500 SH SOLE 26500
CIGNA CORP. COM 125509109 8426.88 104600 SH SOLE 104600
CMS ENERGY CORP. COM 125896100 255.74 8200 SH SOLE 8200
CSG SYSTEMS INT'L, INC. COM 126349109 442.61 11100 SH SOLE 11100
CTS CORP. COM 126501105 829.12 11000 SH SOLE 11000
CVS CORP. COM 126650100 17121.42 428700 SH SOLE 428700
CABLETRON SYSTEM INC. COM 126920107 353.60 13600 SH SOLE 13600
CAL DIVE INTL', INC. COM 127914109 592.93 17900 SH SOLE 17900
CAPROCK COMMUNICATIONS CORP. COM 140667106 227.06 7000 SH SOLE 7000
CAPSTAR HOTEL CO. SUB NT CV4.75%04 140918AC7 2108.70 2700000 PRN SOLE 0
CARNIVAL CORP. COM 143658102 17198.33 359700 SH SOLE 359700
CARRIER ACCESS CORP. COM 144460102 854.87 12700 SH SOLE 12700
CASELLA WASTE SYSTEMS, INC. CL A 147448104 1070.21 56700 SH SOLE 56700
CATALINA MARKETING CORP. COM 148867104 1470.02 12700 SH SOLE 12700
CATALYTICA, INC. COM 148885106 800.21 59000 SH SOLE 59000
CATELLUS DEVELOPMENT CORP. COM 149111106 539.42 42100 SH SOLE 42100
CENTURY MAINTENANCE SUPPLY COM 156616401 1830.70 19347 SH SOLE 19347
CENTURYTEL INC. COM 156700106 413.82 8735 SH SOLE 8735
CEPHALON, INC. COM 156708109 459.68 13300 SH SOLE 13300
CERNER CORP. COM 156782104 291.38 14800 SH SOLE 14800
CHARTER COMMUNICATIONS, INC. CL A 16117M107 8091.56 369900 SH SOLE 369900
CHASE MANHATTAN CORP. COM 16161A108 15825.04 203700 SH SOLE 203700
CHATTEM, INC. COM 162456107 397.10 20900 SH SOLE 20900
CHESAPEAKE ENERGY CORP. PFD CONV 144A 165167206 1167.25 46000 SH SOLE 46000
<PAGE>
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 15557.85 179600 SH SOLE 179600
CHEVY CHASE PFD CAPTL CORP PFD A EXCH% 16678M207 3176.87 65000 SH SOLE 65000
CHIRON CORP. COM 170040109 211.87 5000 SH SOLE 5000
CIBER, INC. COM 17163B102 566.50 20600 SH SOLE 20600
CIENA CORP. COM 171779101 402.50 7000 SH SOLE 7000
CISCO SYSTEMS, INC. COM 17275R102 58575.95 546800 SH SOLE 546800
CITIGROUP INC. COM 172967101 29003.88 522000 SH SOLE 522000
CITRIX SYSTEMS, INC. COM 177376100 2275.50 18500 SH SOLE 18500
CITY NATIONAL CORP. COM 178566105 1269.75 38550 SH SOLE 38550
CLARIFY INC. COM 180492100 1197.00 9500 SH SOLE 9500
CLEAR CHANNEL COMMUNICATIONS COM 184502102 12494.73 139997 SH SOLE 139997
COCA-COLA CO. COM 191216100 13793.60 236800 SH SOLE 236800
COGNEX CORP. COM 192422103 951.60 24400 SH SOLE 24400
COGNIZANT TECH SOLUTIONS CORP. CL A 192446102 295.14 2700 SH SOLE 2700
COGNOS, INC. COM 19244C109 1605.15 34800 SH SOLE 34800
COHU, INC. COM 192576106 1174.90 37900 SH SOLE 37900
KENNETH COLE PRODUCTIONS, INC. COM 193294105 992.77 21700 SH SOLE 21700
COLGATE-PALMOLIVE CO. COM 194162103 9438.00 145200 SH SOLE 145200
COMCAST CORP. CL A SPL 200300200 333.71 6600 SH SOLE 6600
COMDISCO, INC. COM 200336105 242.12 6500 SH SOLE 6500
COMMERCE BANCORP, INC. COM 200519106 960.11 23743 SH SOLE 23743
COMMERCE ONE, INC. COM 200693109 255.45 1300 SH SOLE 1300
COMMSCOPE, INC. COM 203372107 669.19 16600 SH SOLE 16600
COMMUNITY FIRST BANKSHARES INC COM 203902101 700.87 44500 SH SOLE 44500
COMPUWARE CORP. COM 205638109 230.20 6180 SH SOLE 6180
COMVERSE TECHNOLOGY, INC. COM PAR $0.10 205862402 1751.47 12100 SH SOLE 12100
CONCORD COMMUNICATIONS, INC. COM 206186108 1136.00 25600 SH SOLE 25600
CONCORD EFS, INC. COM 206197105 357.92 13900 SH SOLE 13900
CONEXANT SYSTEMS, INC. COM 207142100 404.88 6100 SH SOLE 6100
CONOCO INC. CLB 208251405 8478.04 340826 SH SOLE 340826
CONSOLIDATED GRAPHICS, INC. COM 209341106 451.12 30200 SH SOLE 30200
CONVERGENT COMMUNICATIONS INC. COM 211914403 300.03 18900 SH SOLE 18900
CONVERGYS CORP. COM 212485106 538.12 17500 SH SOLE 17500
COOPER CAMERON CORP. COM 216640102 288.73 5900 SH SOLE 5900
COPPER MOUNTAI N NETWORKS, INC COM 217510106 341.25 7000 SH SOLE 7000
CORT BUSINESS SERVICES CORP. COM 220493100 333.06 19100 SH SOLE 19100
COST PLUS, INC. COM 221485105 892.40 25050 SH SOLE 25050
COSTCO COMPANIES, INC. SB CV ZERO144A17 22160QAA0 319.50 300000 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
COSTCO COMPANIES, INC. SB NT CV ZERO17 22160QAC6 639.00 600000 PRN SOLE 0
COVAD COMMUNICATION GROUP INC. COM 222814204 296.47 5300 SH SOLE 5300
COX COMMUNICATIONS, INC. CL A 224044107 324.45 6300 SH SOLE 6300
COX RADIO, INC. CL A 224051102 2344.12 23500 SH SOLE 23500
CROWN CASTLE INT'L CORP. COM 228227104 1477.75 46000 SH SOLE 46000
CYBEX COMPUTER PRODUCTS CORP. COM 232522102 1539.00 38000 SH SOLE 38000
CYMER, INC. COM 232572107 906.20 19700 SH SOLE 19700
CYTYC CORP. COM 232946103 1270.11 20800 SH SOLE 20800
DII GROUP, INC. (THE) COM 232949107 525.17 7400 SH SOLE 7400
DST SYSTEMS, INC. COM 233326107 274.72 3600 SH SOLE 3600
DALLAS SEMICONDUCTOR CORP. COM 235204104 1662.50 25800 SH SOLE 25800
DAYTON HUDSON CORP. COM 239753106 17096.36 232800 SH SOLE 232800
DELL COMPUTER CORP. COM 247025109 12056.40 236400 SH SOLE 236400
DENDRITE INTERNATIONAL, INC. COM 248239105 653.78 19300 SH SOLE 19300
DENTSPLY INT'L INC. COM 249030107 569.36 24100 SH SOLE 24100
DEVRY, INC. COM 251893103 437.68 23500 SH SOLE 23500
DIAL CORP. COM 25247D101 215.89 8880 SH SOLE 8880
DIAMOND OFFSHORE DRILLING SB NT CV 3.75%07 25271CAA0 507.50 500000 PRN SOLE 0
DIGITAL MICROWAVE CORP. COM 253859102 263.67 11250 SH SOLE 11250
DIGITAL RIVER, INC. COM 25388B104 682.91 20500 SH SOLE 20500
DIONEX CORP. COM 254546104 753.74 18300 SH SOLE 18300
DOLLAR TREE STORES, INC. COM 256747106 1960.28 40470 SH SOLE 40470
DOUBLECLICK COM 258609304 202.45 800 SH SOLE 800
DOVER CORP. COM 260003108 9075.00 200000 SH SOLE 200000
DSL.NET, INC. COM 262506108 157.37 10900 SH SOLE 10900
DUPONT (E.I.) DE NEMOURS COM 263534109 7880.95 119635 SH SOLE 119635
DUANE READE INC. COM 263578106 1143.86 41500 SH SOLE 41500
DYCOM INDUSTRIES, INC. COM 267475101 1176.48 26700 SH SOLE 26700
EMC CORP. COM 268648102 26088.90 238800 SH SOLE 238800
ENSCO INTERNATIONAL, INC. COM 26874Q100 323.91 14160 SH SOLE 14160
ETEC SYSTEMS, INC. COM 26922C103 946.86 21100 SH SOLE 21100
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 507.00 5200 SH SOLE 5200
J.D. EDWARDS COM 281667105 319.66 10700 SH SOLE 10700
EL PASO ENERGY CAPITAL TRUST I PFD CV TR SECS 283678209 478.56 9500 SH SOLE 9500
EL PASO NATURAL GAS CO. COM 283905107 244.52 6300 SH SOLE 6300
ELECTRO SCIENTIFIC INDUSTRIES COM 285229100 313.90 4300 SH SOLE 4300
ELECTRONIC ARTS INC. COM 285512109 730.80 8700 SH SOLE 8700
ELECTRONICS FOR IMAGING, INC. COM 286082102 889.31 15300 SH SOLE 15300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
EMMIS COMMUNICATIONS CORP. CL A 291525103 2904.13 23300 SH SOLE 23300
ETHAN ALLEN INTERIORS INC. COM 297602104 269.32 8400 SH SOLE 8400
EXODUS COMMUNICATIONS, INC. COM 302088109 408.53 4600 SH SOLE 4600
EXPEDITORS INT'L OF WASHINGTON COM 302130109 287.41 6560 SH SOLE 6560
EXPRESS SCRIPTS, INC. CL A 302182100 601.60 9400 SH SOLE 9400
EXXON MOBIL CORP. COM 30231G102 32227.05 400023 SH SOLE 400023
F.Y.I. INC. COM 302712104 574.60 16900 SH SOLE 16900
FACTSET RESEARCH SYSTEMS INC. COM 303075105 1417.32 17800 SH SOLE 17800
FAMILY DOLLAR STORES, INC. COM 307000109 869.48 53300 SH SOLE 53300
FEDERAL HOME LOAN MTG CORP. COM 313400301 16406.16 348600 SH SOLE 348600
FEDERAL NATIONAL MTG ASSOC. COM 313586109 16883.23 270400 SH SOLE 270400
FIRST CONSULTING GROUP, INC. COM 31986R103 362.70 23400 SH SOLE 23400
FIRST HEALTH GROUP CORP. COM 320960107 550.93 20500 SH SOLE 20500
FIRST SIERA FINANCIAL, INC. COM 335944104 234.61 13700 SH SOLE 13700
FIRSTAR CORP. COM 33763V109 211.25 10000 SH SOLE 10000
FISERV INC. COM 337738108 570.86 14900 SH SOLE 14900
FOREST LABORATORIES, INC. CL A 345838106 1254.56 20420 SH SOLE 20420
FORT JAMES CORP. COM 347471104 235.42 8600 SH SOLE 8600
FOSSIL INC. COM 349882100 780.46 33750 SH SOLE 33750
G & K SERVICES INC. CL A 361268105 388.50 12000 SH SOLE 12000
GST TELECOMMUNICATIONS, INC. SSBDISC144ACV05 361942AA3 1120.00 1000000 PRN SOLE 0
GAP INC. COM 364760108 16409.35 356725 SH SOLE 356725
GATEWAY INC. COM 367626108 256.54 3560 SH SOLE 3560
GAYLORD CONTAINER CORP. CL A 368145108 763.14 112013 SH SOLE 112013
GAYLORD CONTAINER CORP. WT EXP 110202 368145116 1082.36 154623 SH SOLE 154623
GENERAL ELECTRIC CO. COM 369604103 56592.07 365700 SH SOLE 365700
GENERAL INSTRUMENT CORP. COM 370120107 229.50 2700 SH SOLE 2700
GENERAL MOTORS CORP. CL H NEW 370442832 364.80 3800 SH SOLE 3800
GENTEX CORP. COM 371901109 1537.35 55400 SH SOLE 55400
GENZYME SURGICAL PRODUCTS COM GENL DIV 372917104 598.50 13300 SH SOLE 13300
GETTY IMAGES, INC. COM 374276103 830.87 17000 SH SOLE 17000
GILLETTE CO. COM 375766102 8039.89 195200 SH SOLE 195200
GLOBAL IMAGING SYSTEMS, INC. COM 37934A100 322.17 26300 SH SOLE 26300
GLOBESPAN, INC. COM 379571102 677.30 10400 SH SOLE 10400
GRANITE BROADCASTING CORP. COM 387241102 2328.75 230000 SH SOLE 230000
GREAT PLAINS SOFTWARE INC. COM 39119E105 1136.20 15200 SH SOLE 15200
GROUP1 AUTOMOTIVE, INC. COM 398905109 451.59 32400 SH SOLE 32400
HAIN FOOD GROUP, INC. COM 405219106 718.23 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 16027.55 398200 SH SOLE 398200
HANGER ORTHOPEDIC GROUP, INC. COM 41043F208 240.00 24000 SH SOLE 24000
HARLEY DAVIDSON INC. COM 412822108 305.58 4770 SH SOLE 4770
HARTE-HANKS, INC. COM 416196103 739.50 34000 SH SOLE 34000
HEALTH MGMT ASSOCIATES INC. CL A 421933102 494.20 36950 SH SOLE 36950
JACK HENRY & ASSOCIATES, INC. COM 426281101 1234.82 23000 SH SOLE 23000
HERSHEY FOODS CORP. COM 427866108 3895.00 82000 SH SOLE 82000
HEWLETT-PACKARD CO. COM 428236103 16919.79 148500 SH SOLE 148500
HEWLETT-PACKARD CO. SB LYON ZERO 17 428236AC7 482.30 700000 PRN SOLE 0
HISPANIC BROADCASTING CORP. CL A 43357B104 959.07 10400 SH SOLE 10400
HOME DEPOT, INC. COM 437076102 20445.48 298200 SH SOLE 298200
HONEYWELL INT'L INC. COM 438516106 16880.95 292625 SH SOLE 292625
HUMAN GENOME SCIENCES, INC. COM 444903108 381.56 2500 SH SOLE 2500
HYPERION SOLUTIONS CORP. COM 44914M104 1850.27 42535 SH SOLE 42535
IBP INC. COM 449223106 205.20 11400 SH SOLE 11400
ICG COMMUNICATIONS, INC. COM 449246107 1794.37 95700 SH SOLE 95700
ISS GROUP, INC. COM 450306105 1650.10 23200 SH SOLE 23200
ITC DELTACOM INC. COM 45031T104 1005.55 36400 SH SOLE 36400
ITT EDUCATIONAL SERVICES, INC. COM 45068B109 586.64 38000 SH SOLE 38000
ILEX ONCOLOGY, INC. COM 451923106 344.98 14300 SH SOLE 14300
ILLINOIS TOOL WORKS INC. COM 452308109 16775.89 248300 SH SOLE 248300
ILLINOVA CORP. COM 452317100 337.07 9700 SH SOLE 9700
IMAX CORP. COM 45245E109 1749.26 63900 SH SOLE 63900
IMMUNEX CORP. COM 452528102 229.95 2100 SH SOLE 2100
INFOCURE CORP. COM 45665A108 842.07 27000 SH SOLE 27000
INHALE THERAPEUTIC SYSTEMS COM 457191104 1481.19 34800 SH SOLE 34800
INKTOMI CORP. COM 457277101 230.75 2600 SH SOLE 2600
INSIGHT ENTERPRISES, INC. COM 45765U103 373.75 9200 SH SOLE 9200
INSITUFORM TECHNOLOGIES CL A 457667103 861.62 30500 SH SOLE 30500
INSPIRE INSURANCE SOLUTIONS COM 457732105 281.61 61300 SH SOLE 61300
INTEGRATED HEALTH SVCS, INC. SR SD CV 5.75%01 45812CAE6 20.90 1900000 PRN SOLE 0
INTEL CORP. COM 458140100 39312.68 477600 SH SOLE 477600
INTER-TEL INC. COM 458372109 1227.50 49100 SH SOLE 49100
INTERMEDIA COMMUNICATIONS INC. COM 458801107 727.70 18749 SH SOLE 18749
INTERNATIONAL BUS. MACHINES COM 459200101 27982.80 259100 SH SOLE 259100
INTERNATIONAL HOME FOODS, INC. COM 459655106 191.12 11000 SH SOLE 11000
INTERNATIONAL PAPER CO. COM 460146103 3950.66 70000 SH SOLE 70000
INTERVOICE-BRITE, INC. COM 461142101 1771.65 76200 SH SOLE 76200
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
INTUIT INC. COM 461202103 1846.09 30800 SH SOLE 30800
INVESTMENT TECHNOLOGY GROUP COM 46145F105 304.75 10600 SH SOLE 10600
IRON MOUNTAIN INC. COM 46284P104 294.84 7500 SH SOLE 7500
I-2 TECHNOLOGIES, INC. COM 465754109 253.50 1300 SH SOLE 1300
IVAX CORP. COM 465823102 236.90 9200 SH SOLE 9200
JDS UNIPHASE CORP. COM 46612J101 1703.46 10560 SH SOLE 10560
JABIL CIRCUIT, INC. COM 466313103 562.10 7700 SH SOLE 7700
JACOR COMMUNICATIONS, INC. SR LYON ZERO 18 469858AB0 807.60 1200000 PRN SOLE 0
JAKKS PACIFIC, INC. COM 47012E106 495.23 26500 SH SOLE 26500
JOHNSON & JOHNSON COM 478160104 21521.18 231100 SH SOLE 231100
JONES APPAREL GROUP INC. COM 480074103 474.68 17500 SH SOLE 17500
JONES PHARMA INC. COM 480236108 1830.91 42150 SH SOLE 42150
KLA INSTRUMENTS CORP. COM 482480100 232.77 2090 SH SOLE 2090
K-V PHARMACEUTICAL CO. CL A 482740206 326.87 14900 SH SOLE 14900
KANSAS CITY SOUTHERN INDS INC. COM 485170104 238.80 3200 SH SOLE 3200
KEANE, INC. COM 486665102 469.90 14800 SH SOLE 14800
KEMET CORP. COM 488360108 1063.48 23600 SH SOLE 23600
KNIGHT/TRIMARK GROUP, INC. CL A 499067106 280.60 6100 SH SOLE 6100
KOPIN CORP. COM 500600101 1906.80 45400 SH SOLE 45400
KROGER CO. COM 501044101 14752.70 781600 SH SOLE 781600
KULICKE & SOFFA INDUSTRIES,INC COM 501242101 391.57 9200 SH SOLE 9200
LSI LOGIC CORP. COM 502161102 216.00 3200 SH SOLE 3200
LAM RESEARCH CORP. COM 512807108 423.93 3800 SH SOLE 3800
LAMAR ADVERTISING CO. CL A 512815101 811.54 13400 SH SOLE 13400
LASON HOLDINGS, INC. COM 51808R107 150.70 13700 SH SOLE 13700
LATTICE SEMICONDUCTOR CORP. COM 518415104 1955.68 41500 SH SOLE 41500
LEARNING TREE INT'L, INC. COM 522015106 1229.20 43900 SH SOLE 43900
LEGATO SYSTEMS, INC. COM 524651106 1754.73 25500 SH SOLE 25500
LEGGETT & PLATT INC. COM 524660107 220.38 10280 SH SOLE 10280
LEGG MASON, INC. COM 524901105 873.62 24100 SH SOLE 24100
LEXMARK INT'L GROUP, INC. CL A 529771107 280.55 3100 SH SOLE 3100
LIBERATE TECHNOLOGIES, INC. COM 530129105 2672.80 10400 SH SOLE 10400
LILLY (ELI) & CO. COM 532457108 7607.60 114400 SH SOLE 114400
LINCARE HOLDINGS, INC. COM 532791100 1408.33 40600 SH SOLE 40600
LINEAR TECHNOLOGY CORP. COM 535678106 332.05 4640 SH SOLE 4640
LINENS 'N THINGS, INC. COM 535679104 622.12 21000 SH SOLE 21000
LIPOSOME COMPANY, INC. COM 536310105 389.27 31900 SH SOLE 31900
LUCENT TECHNOLOGIES, INC. COM 549463107 28129.38 375996 SH SOLE 375996
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
LYCOS, INC. COM 550818108 350.07 4400 SH SOLE 4400
MBNA CORP. COM 55262L100 17169.54 630075 SH SOLE 630075
MCI WORLDCOM, INC. COM 55268B106 35889.16 676350 SH SOLE 676350
MSC INDUSTRIAL DIRECT CO, INC. CL A 553530106 241.15 18200 SH SOLE 18200
MACDERMID, INC. COM 554273102 985.51 24000 SH SOLE 24000
MACROVISION CORP. COM 555904101 984.20 13300 SH SOLE 13300
MACROMEDIA, INC. COM 556100105 1915.87 26200 SH SOLE 26200
MAGELLAN HEALTH SERVICES, INC. COM 559079108 189.39 30000 SH SOLE 30000
MANPOWER, INC. COM 56418H100 267.13 7100 SH SOLE 7100
MARIMBA, INC. COM 56781Q109 400.74 8700 SH SOLE 8700
MARSHALL & ILSLEY CORP. COM 571834100 301.50 4800 SH SOLE 4800
MASTECH CORP. COM 57632N105 725.17 29300 SH SOLE 29300
MATTEL INC. COM 577081102 8337.00 635200 SH SOLE 635200
MAXIM INTEGRATED PRODUCTS, INC COM 57772K101 1385.43 29360 SH SOLE 29360
MAVERICK TUBE CORP. COM 577914104 227.12 9200 SH SOLE 9200
MCDONALDS CORP. COM 580135101 15907.50 394600 SH SOLE 394600
MCLEODUSA INC. COM 582266102 553.42 9400 SH SOLE 9400
MEDCO RESEARCH, INC. COM 584059109 1133.37 37700 SH SOLE 37700
MEDIAONE GRP/VODAPHONE AIRTOUC COM 58440J104 7673.61 99900 SH SOLE 99900
MEDICAL MANAGER CORP. COM 58461U103 379.12 4500 SH SOLE 4500
MEDIMMUNE, INC. COM 584699102 398.10 2400 SH SOLE 2400
MEDQUIST INC. COM 584949101 820.85 31800 SH SOLE 31800
MEDTRONIC INC. COM 585055106 16200.40 444602 SH SOLE 444602
MEN'S (THE) WEARHOUSE, INC. COM 587118100 1521.62 51800 SH SOLE 51800
MENTOR CORP/MINN COM 587188103 1406.80 54500 SH SOLE 54500
MERCK AND CO. INC. COM 589331107 27314.75 407300 SH SOLE 407300
MERCURY COMPUTER SYSTEMS, INC. COM 589378108 1141.00 32600 SH SOLE 32600
MERCURY INTERACTIVE CORP. COM 589405109 1651.45 15300 SH SOLE 15300
MEREDITH CORP. COM 589433101 308.49 7400 SH SOLE 7400
MERRILL LYNCH & CO., INC. COM 590188108 7949.20 95200 SH SOLE 95200
MESABA HOLDINGS, INC. COM 59066B102 587.91 51400 SH SOLE 51400
META GROUP, INC. COM 591002100 798.00 42000 SH SOLE 42000
METAMOR WORLDWIDE, INC. COM 59133P100 666.96 22900 SH SOLE 22900
METRIS COMPANIES INC. COM 591598107 1020.67 28600 SH SOLE 28600
METTLER-TOLEDO INT'L INC. COM 592688105 393.33 10300 SH SOLE 10300
MICREL, INC. COM 594793101 2214.88 38900 SH SOLE 38900
MICROSOFT CORP. COM 594918104 64270.87 550500 SH SOLE 550500
MICROCHIP TECHNOLOGY INC. COM 595017104 1877.93 27440 SH SOLE 27440
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 1721.36 52361 SH SOLE 52361
MICROMUSE INC. COM 595094103 1445.00 8500 SH SOLE 8500
HERMAN MILLER, INC. COM 600544100 281.06 12220 SH SOLE 12220
MILLIPORE CORP. COM 601073109 251.06 6500 SH SOLE 6500
MIPS TECHNOLOGIES, INC. CLA 604567107 878.80 16900 SH SOLE 16900
MODIS PROFESSIONAL SERVICES COM 607830106 1425.00 100000 SH SOLE 100000
MOHAWK INDUSTRIES, INC. COM 608190104 1300.28 49300 SH SOLE 49300
MOLECULAR DEVICES CORP. COM 60851C107 426.40 8200 SH SOLE 8200
MONSANTO CO. COM 611662107 3562.50 100000 SH SOLE 100000
MONTANA POWER CO. COM 612085100 486.85 13500 SH SOLE 13500
MORGAN STANLEY DEAN WITTER COM NEW 617446448 14332.10 100400 SH SOLE 100400
MOTOROLA, INC. COM 620076109 16874.85 114600 SH SOLE 114600
MYLAN LABORATORIES INC. COM 628530107 547.58 21740 SH SOLE 21740
NBC INTERNET, INC. CL A 62873D105 301.27 3900 SH SOLE 3900
NCI BUILDING SYSTEMS, INC. COM 628852105 292.30 15800 SH SOLE 15800
NCO GROUP, INC. COM 628858102 1192.95 39600 SH SOLE 39600
NTL INC. COM 629407107 461.57 3700 SH SOLE 3700
NABORS INDUSTRIES, INC. COM 629568106 365.06 11800 SH SOLE 11800
NAT'L COMPTER SYSTEMS, INC. COM 635519101 909.02 24160 SH SOLE 24160
NATIONAL DATA CORP. COM 635621105 593.91 17500 SH SOLE 17500
NATIONAL INSTRUMENTS CORP. COM 636518102 2088.45 54600 SH SOLE 54600
NATIONAL SEMICONDUCTOR CORP. COM 637640103 248.31 5800 SH SOLE 5800
NATIONWIDE FINANCIAL SERVICES CL A 638612101 405.10 14500 SH SOLE 14500
NAVIGANT CONSULTING, INC. COM 63935N107 126.15 11600 SH SOLE 11600
NEIMAN MARCUS GROUP, INC. CL A 640204202 927.54 33200 SH SOLE 33200
NETWORK ASSOCIATES, INC. COM 640938106 520.41 19500 SH SOLE 19500
NET2PHONE, INC. COM 64108N106 234.28 5100 SH SOLE 5100
NETOPIA, INC. COM 64114K104 733.22 13500 SH SOLE 13500
NETWORK APPLIANCE, INC. COM 64120L104 215.96 2600 SH SOLE 2600
NETWORK PLUS CORP. COM 64122D506 321.30 15300 SH SOLE 15300
NOBLE AFFILIATES INC. COM 654894104 572.39 26700 SH SOLE 26700
NOKIA OYJ SPONSORED ADR 654902204 11210.00 59000 SH SOLE 59000
NOBLE DRILLING CORP. COM 655042109 284.92 8700 SH SOLE 8700
NORTH FORK BANCORPORATION, INC COM 659424105 290.50 16600 SH SOLE 16600
NORTHERN TRUST CORP. COM 665859104 381.60 7200 SH SOLE 7200
NOVA CORPORATION COM 669784100 1790.41 56725 SH SOLE 56725
NOVELLUS SYSTEMS INC. COM 670008101 2145.51 17510 SH SOLE 17510
OCEANEERING INT'L INC. COM 675232102 527.31 35300 SH SOLE 35300
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
OMNICARE, INC. COM 681904108 1046.40 87200 SH SOLE 87200
OMNICOM GROUP INC. COM 681919106 11435.00 114350 SH SOLE 114350
1-800-FLOWERS.COM, INC. CLA 68243Q106 330.25 30900 SH SOLE 30900
ORACLE CORP. COM 68389X105 25505.53 227600 SH SOLE 227600
ORBITAL SCIENCES CORP. COM 685564106 510.48 27500 SH SOLE 27500
O'REILLY AUTOMOTIVE INC. COM 686091109 1298.60 60400 SH SOLE 60400
OUTBACK STEAKHOUSE, INC. COM 689899102 628.99 24250 SH SOLE 24250
OWENS-ILLINOIS, INC. PFD CONV $.01 690768502 1250.00 40000 SH SOLE 40000
PF CHANG'S CHINA BISTRO, INC. COM 69333Y108 395.51 15900 SH SOLE 15900
PMC-SIERRA, INC. COM 69344F106 1683.28 10500 SH SOLE 10500
PMI GROUP INC. (THE) COM 69344M101 268.47 5500 SH SOLE 5500
PRI AUTOMATION, INC. COM 69357H106 449.73 6700 SH SOLE 6700
PSS WORLD MEDICAL, INC. COM 69366A100 365.25 38700 SH SOLE 38700
PACIFIC CENTURY FINANCIAL CORP COM 694058108 192.48 10300 SH SOLE 10300
PACIFIC SUNWEAR OF CALIFORNIA COM 694873100 1240.73 38925 SH SOLE 38925
PANAMSAT CORP. COM 697933109 338.43 5700 SH SOLE 5700
PAPA JOHN'S INT'L, INC. COM 698813102 604.66 23200 SH SOLE 23200
PARAMETRIC TECHNOLOGY CO. COM 699173100 365.35 13500 SH SOLE 13500
PATTERSON DENTAL CO. COM 703412106 809.87 19000 SH SOLE 19000
PEGASUS COMMUNICATIONS CORP. CL A 705904100 801.55 8200 SH SOLE 8200
PEGASUS SYSTEMS, INC. COM 705906105 1230.38 20400 SH SOLE 20400
PENTAIR, INC. COM 709631105 396.55 10300 SH SOLE 10300
PEOPLES HERITAGE FINANCIAL COM 711147108 251.55 16700 SH SOLE 16700
PEPSICO, INC. COM 713448108 16186.80 459200 SH SOLE 459200
PEREGRINE SYSTEMS, INC. COM 71366Q101 2306.75 27400 SH SOLE 27400
PERKINELMER, INC. COM 714046109 241.79 5800 SH SOLE 5800
PFIZER INC. COM 717081103 14185.13 437300 SH SOLE 437300
PINNACLE HOLDINGS INC. COM 72346N101 711.90 16800 SH SOLE 16800
PINNACLE SYSTEMS, INC. COM 723481107 1330.49 32700 SH SOLE 32700
PLEXUS CORP. COM 729132100 1232.00 28000 SH SOLE 28000
POLYCOM INC. COM 73172K104 1662.25 26100 SH SOLE 26100
POWER INTEGRATIONS, INC. COM 739276103 867.67 18100 SH SOLE 18100
POWERWAVE TECHNOLOGIES, INC. COM 739363109 828.92 14200 SH SOLE 14200
PRAXAIR INC. COM 74005P104 8206.05 163100 SH SOLE 163100
PRE-PAID LEGAL SERVICES, INC. COM 740065107 537.60 22400 SH SOLE 22400
PRICE COMMUNICATIONS CORP. COM NEW 741437305 2938.30 105645 SH SOLE 105645
PRIORITY HEALTHCARE CORP. CL B 74264T102 881.16 30450 SH SOLE 30450
PROCTER & GAMBLE CO. COM 742718109 20499.23 187100 SH SOLE 187100
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
PROFESSIONAL STAFF PLC SPONSORED ADR 74315R105 443.85 80700 SH SOLE 80700
PROFIT RECOVERY GROUP INT'L COM 743168106 217.81 8200 SH SOLE 8200
PROGRESS SOFTWARE CORP. COM 743312100 459.67 8100 SH SOLE 8100
PROTECTION ONE ALARM MONITOR SRSBNTCV 6.75%03 743659AL8 1152.00 2400000 PRN SOLE 0
PROTECTION LIFE CORP. COM 743674103 623.53 19600 SH SOLE 19600
PROTEIN DESIGN LABS, INC. COM 74369L103 238.00 3400 SH SOLE 3400
PROXICOM, INC. COM 744282104 534.54 4300 SH SOLE 4300
PROXIM, INC. COM 744284100 2981.00 27100 SH SOLE 27100
PSINET INC. COM 74437C101 605.15 9800 SH SOLE 9800
PSINET INC. PFD C CV 6 3/4 74437C309 1984.75 34000 SH SOLE 34000
QRS CORP. COM 74726X105 2751.00 26200 SH SOLE 26200
QLOGIC CORP. COM 747277101 2781.82 17400 SH SOLE 17400
QUALCOMM, INC. COM 747525103 15569.45 88400 SH SOLE 88400
QUANTA SERVICES, INC. COM 74762E102 858.80 30400 SH SOLE 30400
QUIKSILVER, INC. COM 74838C106 695.17 44850 SH SOLE 44850
RSA SECURITY INC. COM 749719100 3464.25 44700 SH SOLE 44700
RF MICRO DEVICES, INC. COM 749941100 362.72 5300 SH SOLE 5300
RADIAN GROUP INC. COM 750236101 1266.90 26532 SH SOLE 26532
RARE HOSPITALITY INT'L, INC. COM 753820109 370.06 17100 SH SOLE 17100
RATIONAL SOFTWARE CORP. COM NEW 75409P202 510.90 10400 SH SOLE 10400
RAYOVAC CORP. COM 755081106 436.01 23100 SH SOLE 23100
RAZORFISH INC. CL A 755236106 342.45 3600 SH SOLE 3600
REMEDY CORP. COM 759548100 1288.60 27200 SH SOLE 27200
RENAL CARE GROUP, INC. COM 759930100 806.43 34500 SH SOLE 34500
RENT-WAY, INC. COM 76009U104 457.85 24500 SH SOLE 24500
RESMED INC. COM 761152107 584.50 14000 SH SOLE 14000
ROMAC INT'L, INC. COM 775835101 219.03 16300 SH SOLE 16300
ROSLYN BANCORP, INC. COM 778162107 207.20 11200 SH SOLE 11200
ROSS STORES INC. COM 778296103 765.95 42700 SH SOLE 42700
ROYAL DUTCH PETROLEUM CO. NY REG GLD 1.25 780257804 15296.85 253100 SH SOLE 253100
SBC COMMUNICATIONS INC. COM 78387G103 24106.48 494492 SH SOLE 494492
SCI SYSTEMS, INC. COM 783890106 961.59 11700 SH SOLE 11700
SCP POOL CORP. COM 784028102 261.97 10100 SH SOLE 10100
SDL, INC. COM 784076101 523.20 2400 SH SOLE 2400
SFX ENTERTAINMENT, INC. CL A 784178105 968.02 26750 SH SOLE 26750
SLM HOLDING CORP. COM 78442A109 215.47 5100 SH SOLE 5100
S3 INC. COM 784849101 674.12 58300 SH SOLE 58300
SAFEWAY INC. COM NEW 786514208 15562.36 437600 SH SOLE 437600
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SANMINA CORP. COM 800907107 1528.08 15300 SH SOLE 15300
SAPIENT CORP. COM 803062108 288.92 2050 SH SOLE 2050
SAWTEK INC. COM 805468105 312.84 4700 SH SOLE 4700
SCHERING PLOUGH CORP. COM 806605101 16356.28 387700 SH SOLE 387700
SCHLUMBERGER LTD. COM 806857108 14259.37 253500 SH SOLE 253500
SCHOLASTIC CORP. COM 807066105 317.15 5100 SH SOLE 5100
SCHWAB (CHARLES) CORP. COM 808513105 15729.91 409900 SH SOLE 409900
SEMTECH CORP. COM 816850101 1881.71 36100 SH SOLE 36100
SEROLOGICALS CORP. COM 817523103 413.19 68865 SH SOLE 68865
SHIRE PHARMACEUTICALS GROUP SPONSORED ADR 82481R106 1604.81 55101 SH SOLE 55101
SIEBEL SYSTEMS, INC. COM 826170102 495.60 5900 SH SOLE 5900
SIMPSON MANUFACTURING CO. COM 829073105 743.75 17000 SH SOLE 17000
SINCLAIR BROADCAST GROUP, INC. PFD CV EXCH D 829226505 1034.35 29500 SH SOLE 29500
SMITH INT'L, INC. COM 832110100 735.87 14810 SH SOLE 14810
SMITHFIELD FOODS, INC. COM 832248108 544.80 22700 SH SOLE 22700
SOLECTRON CORP. COM 834182107 209.27 2200 SH SOLE 2200
SONIC CORP. COM 835451105 624.15 21900 SH SOLE 21900
SOUTHERN CO. COM 842587107 12887.40 548400 SH SOLE 548400
SOUTHTRUST CORP. COM 844730101 242.00 6400 SH SOLE 6400
SOUTHWEST AIRLINES CO. COM 844741108 11631.67 718537 SH SOLE 718537
SPECTRIAN CORP. COM 847608106 977.45 34600 SH SOLE 34600
STAR GAS PARTNERS, L.P. UNIT LTD PARTNR 85512C105 1137.68 85863 SH SOLE 85863
STEEL DYNAMICS, INC. COM 858119100 211.97 13300 SH SOLE 13300
STEINWAY MUSICAL INSTRUMENTS COM ORD 858495104 658.12 32500 SH SOLE 32500
STERLING COMMERCE, INC. COM 859205106 319.17 9370 SH SOLE 9370
STRYKER CORP. COM 863667101 508.26 7300 SH SOLE 7300
SUIZA FOODS CORP. COM 865077101 352.66 8900 SH SOLE 8900
SUN MICROSYSTEMS INC. COM 866810104 25237.04 325900 SH SOLE 325900
SUNGARD DATA SYSTEMS INC. COM 867363103 669.27 28180 SH SOLE 28180
SUNTERRA CORP. COM 86787D109 764.17 66450 SH SOLE 66450
SWIFT TRANSPORTATION CO. INC. COM 870756103 801.05 45450 SH SOLE 45450
SYBRON CORP. COM 87114F106 938.14 38000 SH SOLE 38000
SYKES ENTERPRISES, INC. COM 871237103 1579.50 36000 SH SOLE 36000
SYMANTEC CORP. COM 871503108 1793.92 30600 SH SOLE 30600
SYMBOL TECHNOLOGIES, INC. COM 871508107 1922.78 30250 SH SOLE 30250
SYNOPSYS INC. COM 871607107 1425.78 21360 SH SOLE 21360
TCF FINANCIAL CORP. COM 872275102 222.38 8940 SH SOLE 8940
TLC LASER EYE CENTERS INC. COM 87255E108 218.15 16700 SH SOLE 16700
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
TMP WORLDWIDE INC. COM 872941109 880.40 6200 SH SOLE 6200
TALK CITY COMMUNITIES ONLINE COM 874263106 368.36 14100 SH SOLE 14100
TECH DATA CORP. COM 878237106 471.97 17400 SH SOLE 17400
TECHNE CORP. COM 878377100 941.57 17100 SH SOLE 17100
TELEBANC FINANCIAL CORP. COM 87925R109 431.60 16600 SH SOLE 16600
TELLABS, INC. COM 879664100 8023.50 125000 SH SOLE 125000
TENFOLD CORP. COM 88033A103 367.42 9200 SH SOLE 9200
TENET HEALTHCARE CORP. COM 88033G100 317.25 13500 SH SOLE 13500
TERADYNE INC. COM 880770102 1425.60 21600 SH SOLE 21600
TEREX CORP. COM 880779103 804.75 29000 SH SOLE 29000
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 537.66 7500 SH SOLE 7500
TETRA TECH, INC. COM 88162G103 952.86 61975 SH SOLE 61975
TEXAS INSTRUMENTS INC. COM 882508104 9968.43 102900 SH SOLE 102900
THERAGENICS CORP. COM 883375107 567.34 62600 SH SOLE 62600
3COM CORP. COM 885535104 380.70 8100 SH SOLE 8100
TIFFANY & CO. COM 886547108 258.82 2900 SH SOLE 2900
TIME WARNER INC. COM 887315109 16936.00 233800 SH SOLE 233800
TIME WARNER TELECOM INC. CL A 887319101 1388.27 27800 SH SOLE 27800
TOPPS CO., INC. (THE) COM 890786106 538.46 51900 SH SOLE 51900
TOSCO CORP. COM NEW 891490302 294.44 10830 SH SOLE 10830
TRANSWITCH CORP. COM 894065101 1516.56 20900 SH SOLE 20900
TREEV, INC. PFD CONV SER A 894692201 541.12 58500 SH SOLE 58500
TRIUMPH GROUP, INC. COM 896818101 459.57 19000 SH SOLE 19000
TWEETER HOME ENTERTAINMENT GRP COM 901167106 827.15 23300 SH SOLE 23300
TYCO INTERNATIONAL LTD. COM 902124106 22442.53 577300 SH SOLE 577300
US BANCORP COM 902973106 10815.86 454200 SH SOLE 454200
USA NETWORKS, INC. COM 902984103 845.32 15300 SH SOLE 15300
U.S. FOODSERVICE COM 90331R101 977.86 58380 SH SOLE 58380
UTI ENERGY CORP. COM 903387108 731.09 31700 SH SOLE 31700
UNIONBANCAL CORP. COM 908906100 481.14 12200 SH SOLE 12200
U.S. CELLULAR CORP. COM 911684108 1332.38 13200 SH SOLE 13200
UNITED TECHNOLOGIES CORP. COM 913017109 17264.00 265600 SH SOLE 265600
UNITEDGLOBALCOM INC. CV PFD 1/20 913247102 3640.00 40000 SH SOLE 40000
UNITEDGLOBALCOM INC. CLA 913247508 6073.75 86000 SH SOLE 86000
UNIVERSAL HEALTH SERVICES, INC CL B 913903100 835.20 23200 SH SOLE 23200
UNIVISION COMMUNICATIONS INC. CL A 914906102 766.41 7500 SH SOLE 7500
USFREIGHTWAYS CORP. COM 916906100 828.23 17300 SH SOLE 17300
USINTERNETWORKING, INC. COM 917311805 2410.68 34500 SH SOLE 34500
<PAGE>
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRETN MANAGERS SOLE
USWEB CORP. COM 917327108 2184.12 49150 SH SOLE 49150
VALASSIS COMMUNICATIONS, INC. COM 918866104 409.82 9700 SH SOLE 9700
VENTANA MEDICAL SYSTEMS COM 92276H106 258.70 10400 SH SOLE 10400
VERIO INC. COM 923433106 254.03 5500 SH SOLE 5500
VERITAS SOFTWARE CORP. COM 923436109 1030.50 7200 SH SOLE 7200
VERISIGN, INC. COM 92343E102 267.31 1400 SH SOLE 1400
VETERINARY CENTERS OF AMERICA COM 925514101 299.98 23300 SH SOLE 23300
VIATEL, INC. COM 925529208 2949.37 55000 SH SOLE 55000
VIANT CORP. COM 92553N107 227.70 2300 SH SOLE 2300
VIGNETTE CORP. COM 926734104 489.00 3000 SH SOLE 3000
VIROPHARMA INC. COM 928241108 355.20 9600 SH SOLE 9600
VISUAL NETWORKS, INC. COM 928444108 1466.12 18500 SH SOLE 18500
VISX, INC. COM 92844S105 708.97 13700 SH SOLE 13700
VITESSE SEMICONDUCTOR CORP. COM 928497106 1646.55 31400 SH SOLE 31400
VOICESTREAM WIRELESS CORP. COM 928615103 361.47 2540 SH SOLE 2540
WMX TECHNOLOGIES, INC. SUB NTS CV 2%05 92929QAF4 2249.10 2700000 PRN SOLE 0
WADDELL & REED FINANCIAL, INC. CL A 930059100 1624.78 59900 SH SOLE 59900
WAL-MART STORES INC. COM 931142103 32253.72 466600 SH SOLE 466600
WALGREEN CO. COM 931422109 16102.12 550500 SH SOLE 550500
WARNER-LAMBERT CO. COM 934488107 11184.53 136500 SH SOLE 136500
WATSCO, INC. COM 942622200 795.53 68800 SH SOLE 68800
WATSON PHARMACEUTICALS, INC. COM 942683103 1247.00 34820 SH SOLE 34820
WEATHERFORD INT'L, INC. COM 947074100 467.27 11700 SH SOLE 11700
WEBLINK WIRELESS, INC. CL A 94769A101 1612.00 104000 SH SOLE 104000
WEBTRENDS CORP. COM 94844D104 1652.40 20400 SH SOLE 20400
WESLEY JESSEN VISIONCARE, INC. COM 951018100 818.10 21600 SH SOLE 21600
WESTERN WIRELESS CORP. CL A 95988E204 550.02 8240 SH SOLE 8240
WESTVACO CORP. COM 961548104 225.11 6900 SH SOLE 6900
WHITTMAN-HART, INC. COM 966834103 455.81 8500 SH SOLE 8500
WHOLE FOODS MARKET INC. COM 966837106 653.88 14100 SH SOLE 14100
WILD OATS MARKETS INC. COM 96808B107 439.32 19800 SH SOLE 19800
WILLIAMS-SONOMA, INC. COM 969904101 409.40 8900 SH SOLE 8900
WIND RIVER SYSTEMS, INC. COM 973149107 1117.06 30500 SH SOLE 30500
WINSTAR COMMUNICATIONS, INC. COM 975515107 541.80 7200 SH SOLE 7200
XCEED INC. COM 98388N105 249.00 6000 SH SOLE 6000
XILINX INC. COM 983919101 638.38 14040 SH SOLE 14040
XIRCOM INC. COM 983922105 780.00 10400 SH SOLE 10400
YAHOO! INC. COM 984332106 8653.76 20000 SH SOLE 20000
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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
YOUNG & RUBICAM INC. COM 987425105 573.07 8100 SH SOLE 8100
YOUNG BROADCASTING INC. CL A 987434107 856.80 16800 SH SOLE 16800
ZALE CORP. COM 988858106 314.43 6500 SH SOLE 6500
ZIONS BANCORP. COM 989701107 313.10 5290 SH SOLE 5290
ZOMAX OPTICAL MEDIA, INC. COM 989929104 1099.57 24300 SH SOLE 24300
LERNOUT & HAUSPIE SPEECH NV COM B5628B104 259.00 5600 SH SOLE 5600
GLOBALSTAR TELECOMMUNICATION COM G3930H104 550.00 12500 SH SOLE 12500
GALILEO TECHNOLOGY LTD. ORD M47298100 241.25 10000 SH SOLE 10000
GILAT SATELLITE NETWORKS LTD. ORD M51474100 1971.25 16600 SH SOLE 16600
FLEXTRONICS INT'L LTD. ORD Y2573F102 386.40 8400 SH SOLE 8400
GRAND TOTAL $1963014
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