CAPSTONE ASSET MANAGEMENT CO
13F-HR, 1999-05-14
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                        UNITED STATES
             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549
                              
                          Form 13F
                              
                     Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  December 31, 1998

Check here if Amendment [   ]; Amendment Number: ________
This Amendment (Check only one.):  [   ] is a restatement.
                                   [   ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:     Capstone Asset Management Company
Address:  5847 San Felipe, Suite 4100
          Houston, Texas 77057

Form 13F File Number:    28-2180

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, that
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:     Linda G. Giuffre
Title:    Vice President, Compliance
Phone:    (713) 260-9000

Signature, Place, and Date of Signing:

ss//Linda G. Giuffre         Houston, Texas       May 15, 1999

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).)

List of Other Managers Reporting for this Manager:     NONE

<PAGE>

                    Form 13F SUMMARY PAGE
                              

Report Summary:

Number of Other Included Managers: 0

Form 13F Information Table Entry Total: 1,020

Form 13F Information Table Value Total: $1,427,182
                                        (thousands)

List of Other Included Managers: N/A

<PAGE>

<TABLE>
                         <C>                                          <C>
                                                FORM 13F INFORMATION TABLE
NAME OF                  TITLE OF             VALUE   SHARES/  SH/ PUT/ INVSTMT  OTHER   -VOTING AUTHORITY-
ISSUER                     CLASS   CUSIP # (x $1000)  PRN AMT  PRN CALL DSCRETN   MGRS   SOLE  SHARED  NONE
************************************************************************************************************

AAR CORP.                  COMM  000361105      $107    6,022   SH         SOLE          6,022       0
ACM GOVT. SECURITIES       COMM  000914101        $9    1,200   SH         SOLE              0   1,200
ABN AMRO HOLDING - ADR     COMM  000937102      $147    7,091   SH         SOLE          7,091       0
ABM INDUSTRIES, INC        COMM  000957100      $147    4,820   SH         SOLE          4,820       0
AES CORPORATION            COMM  00130H105      $633   17,005   SH         SOLE            960  16,045
AMR CORP.                  COMM  001765106    $1,230   21,002   SH         SOLE            854  20,148
AT&T                       COMM  001957109   $23,438  293,659   SH         SOLE         24,907 268,752
ABB AG - SPONS ADR         COMM  00256R101      $137    1,038   SH         SOLE          1,038       0
ABBOTT LABORATORIES        COMM  002824100    $9,261  197,838   SH         SOLE         25,906 171,932
ACXIOM CORP                COMM  005125109      $388   14,644   SH         SOLE         14,644       0
ADAC LABS                  COMM  005313200       $54    3,975   SH         SOLE          3,975       0
ADECCO SA - ADR            COMM  006754105      $161    2,516   SH         SOLE          2,516       0
ADOBE SYSTEMS INC.         COMM  00724F101      $458    8,076   SH         SOLE            370   7,706
ADVO INC.                  COMM  007585102       $79    4,115   SH         SOLE          4,115       0
AEROQUIP-VICKERS/TRINOVA   COMM  007869100      $164    2,857   SH         SOLE              0   2,857
ADVANCED MICRO DEVICES     COMM  007903107      $214   13,793   SH         SOLE            579  13,214
AETNA LIFE & CASUALTY      COMM  008117103    $1,403   16,908   SH         SOLE            744  16,164
AIR EXPRESS INTL CORP      COMM  009104100      $193   12,790   SH         SOLE          6,670   6,120
AIR PRODUCTS & CHEMICAL    COMM  009158106      $929   27,122   SH         SOLE          1,158  25,964
AIRTOUCH COMMUNICATIONS    COMM  00949T100   $11,708  121,168   SH         SOLE         10,036 111,132
AKZO NOBEL NV - ADR        COMM  010199305      $110    2,962   SH         SOLE          2,962       0
ALBERTO-CULVER INC         COMM  013068101      $189    8,076   SH         SOLE              0   8,076
ALBERTSONS INC.            COMM  013104104    $1,645   30,219   SH         SOLE          1,222  28,997
ALCAN ALUMINUM LTD         COMM  013716105      $741   28,724   SH         SOLE          1,317  27,407
ALCOA INC.                 COMM  013817101    $2,306   55,992   SH         SOLE         17,354  38,638
ALLEGHENY TELEDYNE INC     COMM  017415100      $290   15,328   SH         SOLE            343  14,985
ALLERGAN, INC.             COMM  018490102      $524    5,967   SH         SOLE            340   5,627
ALLIANT TECHSYSTEMS        COMM  018804104      $195    2,513   SH         SOLE          2,513       0
ALLIEDSIGNAL               COMM  019512102    $3,014   61,273   SH         SOLE          2,102  59,171
ALLSTATE CORPORATION       COMM  020002101    $3,516   94,866   SH         SOLE          2,926  91,940
ALLTEL CORP.               COMM  020039103    $1,504   24,112   SH         SOLE          1,268  22,844
ALPHARMA INC               COMM  020813101      $336    8,568   SH         SOLE          5,478   3,090
ALZA CORP CL A             COMM  022615108      $301    7,859   SH         SOLE            300   7,559
AMCAST INDUSTRIAL          COMM  023395106       $55    3,420   SH         SOLE          3,420       0
AMERADA HESS               COMM  023551104      $525   10,324   SH         SOLE            518   9,806
AMEREN CORP                COMM  023608102       $78    2,153   SH         SOLE            798   1,355
AMERICA ONLINE INC         COMM  02364J104   $16,158  109,918   SH         SOLE         12,200  97,718
AMERICAN BANKERS INS GRP   COMM  024456105      $437    8,412   SH         SOLE          8,412       0
AMERICAN ELECTRIC POWER    COMM  025537101      $781   19,682   SH         SOLE          1,277  18,405
AMERICAN EXPRESS           COMM  025816109    $6,613   56,163   SH         SOLE          8,586  47,577
AMERICAN FREIGHTWAY        COMM  02629V108       $73    5,670   SH         SOLE          5,670       0
AMERICAN GENERAL CORP.     COMM  026351106    $1,701   24,134   SH         SOLE          1,227  22,907
AMERICAN GREETINGS         COMM  026375105      $112    4,410   SH         SOLE            550   3,860
AMERICAN HOME PRODUCTS     COMM  026609107    $9,573  146,714   SH         SOLE         21,660 125,054
AMERICAN INT'L GROUP       COMM  026874107   $22,692  188,121   SH         SOLE         15,595 172,526
AMERICAN MANAGEMENT SYS.   COMM  027352103      $272    7,958   SH         SOLE          7,958       0
AMERICAN ONCOLOGY RES.     COMM  028910107       $59    6,570   SH         SOLE          6,570       0
AMERICAN STATES WATER CO   COMM  029899101       $71    2,910   SH         SOLE          2,910       0
AMERICAN STORES CO.        COMM  030096101      $853   25,851   SH         SOLE          1,144  24,707
AMERICREDIT CORP           COMM  03060R101      $175   13,330   SH         SOLE         13,330       0
AMERITECH CORP             COMM  030954101    $7,813  135,589   SH         SOLE         14,996 120,593
AMGEN INC.                 COMM  031162100    $6,116   81,680   SH         SOLE         10,130  71,550
AMP INCORPORATED           COMM  031897101    $1,037   19,374   SH         SOLE            834  18,540
AMRESCO INC                COMM  031909104       $68    8,820   SH         SOLE          8,820       0
ANADARKO PETROLEUM         COMM  032511107      $571   15,133   SH         SOLE            290  14,843
ANALOGIC CORP              COMM  032657207      $113    3,420   SH         SOLE          3,420       0
ANALYSTS INTERNATIONAL     COMM  032681108       $48    4,165   SH         SOLE          4,165       0
ANCHOR BANCORP WISCONSIN   COMM  032839102       $41    2,680   SH         SOLE          2,680       0
ANDREW CORP                COMM  034425108      $111    8,991   SH         SOLE            412   8,579
ANGELICA CORP              COMM  034663104       $46    3,320   SH         SOLE          3,320       0
ANHEUSER BUSCH             COMM  035229103    $4,405   57,868   SH         SOLE          8,250  49,618
ANIXTER INTL INC           COMM  035290105       $81    6,816   SH         SOLE          6,816       0
ANNTAYLOR STORES CORP      COMM  036115103      $341    7,710   SH         SOLE          5,360   2,350
AON CORP.                  COMM  037389103    $1,010   15,961   SH         SOLE            716  15,245
APACHE CORP                COMM  037411105       $21      797   SH         SOLE              0     797
APOGEE ENTERPRISES INC     COMM  037598109       $67    5,680   SH         SOLE          5,680       0
APPLE COMPUTER             COMM  037833100      $601   16,735   SH         SOLE            439  16,296
APPLEBEES INTL INC         COMM  037899101      $121    4,880   SH         SOLE              0   4,880
APPLIED INDUSTRIAL TECH    COMM  03820C105       $40    3,610   SH         SOLE          3,610       0
APPLIED MATERIALS INC.     COMM  038222105    $2,556   41,429   SH         SOLE          1,490  39,939
APPLIED POWER INC          COMM  038225108      $225    8,254   SH         SOLE          8,254       0
APTARGROUP INC             COMM  038336103      $308   11,848   SH         SOLE          7,308   4,540
AQUARION CO                COMM  03838W101      $105    3,810   SH         SOLE          3,810       0
ARCHER-DANIELS-MIDLAND     COMM  039483102    $1,030   70,129   SH         SOLE          3,197  66,932
ARMSTRONG WORLD INDS.      COMM  042476101      $217    4,795   SH         SOLE            360   4,435
ASARCO                     COMM  043413103       $58    4,178   SH         SOLE            350   3,828
ASCEND COMMUNICATIONS      COMM  043491109    $1,983   23,692   SH         SOLE            990  22,702
ASHLAND INC                COMM  044204105      $293    7,152   SH         SOLE            345   6,807
ASPECT TELECOMMUNICATIONS  COMM  045237104       $59    8,894   SH         SOLE          8,894       0
ASSOCIATES FIRST CAPITAL   COMM  046008108    $4,372   97,164   SH         SOLE         13,852  83,312
ASTEC INDUSTRIES           COMM  046224101      $110    3,560   SH         SOLE          3,560       0
ATLANTIC RICHFIELD         COMM  048825103    $2,765   37,810   SH         SOLE          1,682  36,128
ATMOS ENERGY CORP          COMM  049560105      $224    9,316   SH         SOLE          5,206   4,110
AUSPEX SYS INC             COMM  052116100       $53    4,990   SH         SOLE          4,990       0
AUTHENTIC FITNESS CORP     COMM  052661105       $76    4,943   SH         SOLE          4,943       0
AUTODESK INC               COMM  052769106      $254    6,277   SH         SOLE            150   6,127
AUTOMATIC DATA PROCESS.    COMM  053015103    $2,546   61,544   SH         SOLE          3,040  58,504
AUTOZONE INC.              COMM  053332102      $365   12,017   SH         SOLE            387  11,630
AVERY-DENNISON CORP.       COMM  053611109      $722   12,560   SH         SOLE            231  12,329
AVIATION SALES COMPANY     COMM  053672101      $236    5,300   SH         SOLE          2,970   2,330
AVID TECHNOLOGY INC        COMM  05367P100       $97    5,540   SH         SOLE          5,540       0
AVON PRODUCTS              COMM  054303102    $1,399   29,722   SH         SOLE          1,248  28,474
BB & T CORPORATION         COMM  054937107    $1,577   43,568   SH         SOLE         23,670  19,898
BISYS GROUP INC            COMM  055472104      $299    5,321   SH         SOLE          5,321       0
BP AMOCO PLC - SPONS ADR   COMM  055622104    $3,665   36,286   SH         SOLE              0  36,286
BMC SOFTWARE               COMM  055921100      $903   24,358   SH         SOLE          4,678  19,680
BAKER HUGHES INC.          COMM  057224107      $783   32,202   SH         SOLE            610  31,592
BALDOR ELECTRIC            COMM  057741100      $121    6,030   SH         SOLE          6,030       0
BALL CORP                  COMM  058498106      $136    2,897   SH         SOLE              0   2,897
BALLARD MEDICAL PRODUCTS   COMM  058566100      $143    5,863   SH         SOLE          5,863       0
BALTIMORE GAS & ELECTRIC   COMM  059165100      $558   21,972   SH         SOLE            189  21,783
BANCTEC INC                COMM  059784108       $59    4,774   SH         SOLE          4,774       0
BANK OF NEW YORK           COMM  064057102    $2,895   80,564   SH         SOLE          2,618  77,946
BANK ONE CORP.             COMM  06423A103   $10,824  196,585   SH         SOLE         17,778 178,807
BANKAMERICA CORP.          COMM  06605F102   $18,582  263,110   SH         SOLE         24,857 238,253
BANKBOSTON CORP            COMM  06605R106    $1,467   33,861   SH         SOLE          1,208  32,653
BANKERS TRUST CORP         COMM  066365107    $1,195   13,540   SH         SOLE            644  12,896
BANKNORTH GROUP INC.       COMM  06646L100      $282    9,990   SH         SOLE          5,520   4,470
C R BARD INC               COMM  067383109      $377    7,476   SH         SOLE            330   7,146
BARNES GROUP               COMM  067806109       $74    3,920   SH         SOLE          3,920       0
BARRICK GOLD CORP          COMM  067901108      $676   39,618   SH         SOLE          1,441  38,177
BARR LABORATORIES INC      COMM  068306109      $147    4,820   SH         SOLE          4,820       0
BARRETT RES CORP           COMM  068480201      $192    7,679   SH         SOLE          7,679       0
BASSETT FURNITURE IND      COMM  070203104       $81    3,668   SH         SOLE          3,668       0
BATTLE MOUNTAIN GOLD CO    COMM  071593107       $26    9,628   SH         SOLE              0   9,628
BAUSCH & LOMB INC.         COMM  071707103      $334    5,142   SH         SOLE            325   4,817
BAXTER INTL INC.           COMM  071813109    $2,042   30,935   SH         SOLE          1,493  29,442
BE AEROSPACE INC           COMM  073302101       $81    5,480   SH         SOLE          5,480       0
BEAR STEARN COS. INC       COMM  073902108      $461   10,318   SH         SOLE            168  10,150
BECTON DICKINSON & CO.     COMM  075887109    $1,109   28,947   SH         SOLE          1,080  27,867
BELDEN INC                 COMM  077459105       $94    5,520   SH         SOLE          5,520       0
BELL ATLANTIC              COMM  077853109    $9,820  189,988   SH         SOLE         24,746 165,242
BELLSOUTH CORP.            COMM  079860102    $9,743  243,196   SH         SOLE         28,176 215,020
BEMIS COMPANY              COMM  081437105      $244    7,863   SH         SOLE            115   7,748
BENCHMARK ELECTRONICS      COMM  08160H101       $86    2,850   SH         SOLE          2,850       0
BEST FOODS                 COMM  08658U101    $1,552   33,019   SH         SOLE          2,578  30,441
BETHLEHEM STEEL CORP.      COMM  087509105       $89   10,780   SH         SOLE              0  10,780
BILLING CONCEPTS CORP      COMM  090063108       $76    6,420   SH         SOLE          6,420       0
BINDLEY WESTERN INDS       COMM  090324104      $126    4,400   SH         SOLE          4,400       0
BIO TECHNOLOGY GEN CORP    COMM  090578105       $40    6,780   SH         SOLE          6,780       0
BIOMATRIX INC              COMM  09060P102      $193    2,470   SH         SOLE          2,470       0
BIOMET INC                 COMM  090613100      $722   17,228   SH         SOLE            350  16,878
BLACK & DECKER             COMM  091797100      $617   11,126   SH         SOLE            481  10,645
H.R. BLOCK                 COMM  093671105      $489   10,321   SH         SOLE            300  10,021
BLOUNT INTL INC            COMM  095177101      $220    7,630   SH         SOLE          7,630       0
BOEING COMPANY             COMM  097023105    $4,125  121,316   SH         SOLE         16,149 105,167
BOISE CASCADE CORP.        COMM  097383103      $149    4,621   SH         SOLE            225   4,396
BOOKS-A-MILLION INC        COMM  098570104       $30    2,980   SH         SOLE          2,980       0
BOSTON SCIENTIFIC CORP.    COMM  101137107    $1,700   41,854   SH         SOLE          1,892  39,962
BOWNE & CO. INC.           COMM  103043105       $73    6,274   SH         SOLE          6,274       0
BRADY (WH) CO              COMM  104674106      $198    9,440   SH         SOLE          5,180   4,260
BRIGGS & STRATTON          COMM  109043109       $10      200   SH         SOLE              0     200
BRIGHTPOINT INC            COMM  109473108       $60   10,210   SH         SOLE         10,210       0
BRISTOL MYERS SQUIBB       COMM  110122108   $18,301  285,394   SH         SOLE         30,238 255,156
BROWN-FORMAN CORP CL-B     COMM  115637209      $308    5,341   SH         SOLE              0   5,341
BROWN GROUP INC            COMM  115657108       $59    4,459   SH         SOLE          4,459       0
BROWNING FERRIS IND.       COMM  115885105      $831   21,560   SH         SOLE            898  20,662
BRUNSWICK CORP.            COMM  117043109      $249   13,066   SH         SOLE            774  12,292
BRUSH WELLMAN INC          COMM  117421107       $66    4,550   SH         SOLE          4,550       0
BUCKEYE CELLULOSE CORP     COMM  118255108       $94    6,720   SH         SOLE          6,720       0
BURLINGTON NORTHERN INC    COMM  12189T104    $2,387   72,598   SH         SOLE         19,134  53,464
BURLINGTON RESOURCES       COMM  122014103      $790   19,777   SH         SOLE            697  19,080
BURR-BROWN CORP            COMM  122574106      $173    7,355   SH         SOLE          7,355       0
BUTLER MFG CO DEL          COMM  123655102       $71    3,045   SH         SOLE          3,045       0
CBS CORP                   COMM  12490K107    $2,697   66,086   SH         SOLE          5,526  60,560
C-COR ELECTRONICS          COMM  125010108       $41    2,370   SH         SOLE          2,370       0
C-CUBE MICROSYSTEMS INC    COMM  125015107      $157    7,940   SH         SOLE          7,940       0
C D I CORP                 COMM  125071100      $107    4,439   SH         SOLE          4,439       0
CEC ENTERTAINMENT          COMM  125137109      $168    4,695   SH         SOLE          4,695       0
CIGNA CORP.                COMM  125509109    $2,277   27,166   SH         SOLE            968  26,198
CKE RESTAURANTS INC        COMM  12561E105      $342   17,320   SH         SOLE         11,540   5,780
CMAC INVESTMENT CORP       COMM  125662106      $189    4,847   SH         SOLE          4,847       0
CPI CORPORATION            COMM  125902106       $68    3,060   SH         SOLE          3,060       0
CSX CORP                   COMM  126408103      $893   22,925   SH         SOLE            825  22,100
CTS CORP                   COMM  126501105      $287    5,800   SH         SOLE          3,350   2,450
CVS CORP                   COMM  126650100    $1,712   36,039   SH         SOLE          1,834  34,205
CABLETRON SYSTEMS          COMM  126920107      $134   16,318   SH         SOLE            640  15,678
CABLE DESIGN TECHNOLOGIES  COMM  126924109       $68    6,150   SH         SOLE          6,150       0
CABOT OIL & GAS CORP       COMM  127097103       $97    6,721   SH         SOLE          6,721       0
CALIFORNIA MICROWAVE       COMM  130442106       $46    4,310   SH         SOLE          4,310       0
CAMBREX CORP               COMM  132011107      $133    6,004   SH         SOLE          6,004       0
CAMPBELL SOUP INC.         COMM  134429109    $2,206   54,227   SH         SOLE          3,004  51,223
CANANDAIGUA BRANDS-CL A    COMM  137219200      $102    2,030   SH         SOLE              0   2,030
CAPITAL ONE FINANCIAL      COMM  14040H105    $1,198    7,932   SH         SOLE            310   7,622
CAPITAL RE CORP            COMM  140432105      $103    5,970   SH         SOLE          5,970       0
CARAUSTAR INDS INC         COMM  140909102      $132    5,735   SH         SOLE          5,735       0
CARDINAL HEALTH INC        COMM  14149Y108    $1,450   21,973   SH         SOLE          1,170  20,803
CARNIVAL CORP CL A         COMM  143658102    $2,019   41,585   SH         SOLE              0  41,585
CAROLINA FIRST CORP        COMM  143877108      $106    4,840   SH         SOLE          4,840       0
CAROLINA POWER & LIGHT     COMM  144141108      $479   12,680   SH         SOLE            934  11,746
CASE CORPORATION           COMM  14743R103      $184    7,258   SH         SOLE            238   7,020
CASEYS GENERAL STORES INC  COMM  147528103      $123    8,332   SH         SOLE          8,332       0
CASH AMERICA INTL          COMM  14754D100       $51    3,930   SH         SOLE          3,930       0
CASTLE AM AND CO           COMM  148411101       $43    3,507   SH         SOLE          3,507       0
CATALINA MARKETING CORP.   COMM  148867104      $335    3,905   SH         SOLE          3,905       0
CATERPILLAR INC.           COMM  149123101    $2,027   44,133   SH         SOLE          1,662  42,471
CATO CORP - CL A           COMM  149205106       $46    4,950   SH         SOLE          4,950       0
CENDANT CORP               COMM  151313103      $712   44,657   SH         SOLE          1,968  42,689
CENDANT CORP               COMM  151313103Z     $592   37,175   SH         SOLE          1,268  35,907
CENTEX CORP                COMM  152312104      $138    4,133   SH         SOLE              0   4,133
CENTRAL & SOUTHWEST CORP   COMM  152357109      $516   22,022   SH         SOLE            766  21,256
CENTRAL HUDSON GAS & ELEC  COMM  153609102      $116    3,230   SH         SOLE          3,230       0
CENTRAL PARKING CORP       COMM  154785109      $216    6,255   SH         SOLE          6,255       0
CENTURA BANKS INC          COMM  15640T100      $341    5,866   SH         SOLE          5,866       0
CEPHALON INC               COMM  156708109       $55    6,330   SH         SOLE          6,330       0
CERIDIAN CORP              COMM  15677T106      $651   17,798   SH         SOLE            880  16,918
CERNER CORP                COMM  156782104      $108    6,740   SH         SOLE          6,740       0
CHAMPION ENTERPRISES       COMM  158496109      $279   14,395   SH         SOLE          8,985   5,410
CHAMPION INT'L CORP.       COMM  158525105      $417   10,162   SH         SOLE            362   9,800
CHASE MANHATTAN BANK       COMM  16161A108   $12,482  153,392   SH         SOLE         13,642 139,750
CHECKPOINT SYSTEMS         COMM  162825103       $46    5,510   SH         SOLE          5,510       0
CHEESECAKE FACTORY INC     COMM  163072101      $124    5,205   SH         SOLE          5,205       0
CHEMED CORP                COMM  163596109      $132    5,115   SH         SOLE          5,115       0
CHEMFIRST INC              COMM  16361A106      $262   11,167   SH         SOLE          5,317   5,850
CHEVRON OIL                COMM  166751107    $6,266   70,603   SH         SOLE          3,007  67,596
CHIQUITA BRANDS INTL INC   COMM  170032106      $116   11,380   SH         SOLE         11,380       0
CHUBB CORP                 COMM  171232101    $1,140   19,461   SH         SOLE            730  18,731
CIBER INC                  COMM  17163B102      $207   10,700   SH         SOLE         10,700       0
CILCORP INC.               COMM  171794100      $335    5,580   SH         SOLE          3,270   2,310
CINCINNATI FINANCIAL       COMM  172062101      $740   20,298   SH         SOLE            600  19,698
CINERGY CORP               COMM  172474108      $393   14,297   SH         SOLE            664  13,633
CIRCUIT CITY STORES INC.   COMM  172737108      $938   12,240   SH         SOLE            435  11,805
CISCO SYSTEMS, INC.        COMM  17275R102   $23,559  215,032   SH         SOLE         20,044 194,988
CITIGROUP INC              COMM  172967101   $20,630  322,977   SH         SOLE         33,218 289,759
CLARCOR INC                COMM  179895107      $199   11,690   SH         SOLE          5,220   6,470
CLAYTON HOMES INC.         COMM  184190106        $0       23   SH         SOLE              0      23
CLEAR CHANNEL COMM         COMM  184502102    $2,148   32,029   SH         SOLE          2,240  29,789
CLOROX CO                  COMM  189054109    $1,417   12,095   SH         SOLE            656  11,439
COASTAL CORP               COMM  190441105    $1,386   41,991   SH         SOLE         17,640  24,351
COCA COLA                  COMM  191216100   $15,604  254,237   SH         SOLE              0 254,237
COCA-COLA ENTERPRISES      COMM  191219104      $953   31,500   SH         SOLE              0  31,500
COGNEX CORP                COMM  192422103      $200    8,447   SH         SOLE          8,447       0
COHERENT INC               COMM  192479103       $77    5,570   SH         SOLE          5,570       0
COLGATE-PALMOLIVE CO.      COMM  194162103    $3,442   37,416   SH         SOLE          7,024  30,392
COLUMBIA ENERGY GROUP      COMM  197648108    $1,146   21,924   SH         SOLE         12,418   9,506
COLUMBIA/HCA HEALTHCARE    COMM  197677107    $1,301   68,697   SH         SOLE          2,892  65,805
COMAIR HOLDINGS INC        COMM  199789108       $66    2,785   SH         SOLE          2,785       0
COMCAST CORP SPECIAL CL A  COMM  200300200    $2,022   32,131   SH         SOLE              0  32,131
COMERICA INC.              COMM  200340107    $1,649   26,417   SH         SOLE          8,433  17,984
COMMERCE BANCORP INC       COMM  200519106      $229    5,548   SH         SOLE          5,548       0
COMMERCIAL FEDERAL CORP    COMM  201647104      $448   19,310   SH         SOLE         11,890   7,420
COMMERCIAL METALS CO       COMM  201723103      $201   10,025   SH         SOLE          4,455   5,570
COMMONWEALTH ENERGY        COMM  202800108      $185    4,872   SH         SOLE          4,872       0
COMMONWEALTH INDUSTRIES    COMM  203004106       $39    4,320   SH         SOLE          4,320       0
COMMSCOPE INC              COMM  203372107      $188    8,960   SH         SOLE          8,960       0
COMPAQ COMPUTER            COMM  204493100    $6,449  203,518   SH         SOLE         20,490 183,028
COMPDENT INC               COMM  20449F103       $32    2,520   SH         SOLE          2,520       0
COMPUTER ASSOCIATES        COMM  204912109    $2,183   61,371   SH         SOLE          2,435  58,936
COMPUTER SCIENCES CORP.    COMM  205363104    $1,156   20,948   SH         SOLE            738  20,210
COMPUTER TASK GROUP        COMM  205477102       $97    4,540   SH         SOLE          4,540       0
COMPUWARE CORP             COMM  205638109      $902   37,780   SH         SOLE          1,680  36,100
CONAGRA INC                COMM  205887102    $2,966  115,735   SH         SOLE              0 115,735
CONECTIV INC               COMM  206829103       $12      600   SH         SOLE              0     600
CONNECTICUT ENERGY         COMM  207567108       $63    2,590   SH         SOLE          2,590       0
CONSECO COMPANY INC.       COMM  208464107      $888   28,763   SH         SOLE          1,146  27,617
CONSOLIDATED EDISON        COMM  209115104    $1,230   27,144   SH         SOLE          1,329  25,815
CONSOLIDATED GRAPHICS INC  COMM  209341106      $172    2,980   SH         SOLE          2,980       0
CONSOLIDATED NAT'L GAS     COMM  209615103      $436    8,960   SH         SOLE            651   8,309
CONSOLIDATED STORES CORP   COMM  210149100      $235    7,750   SH         SOLE            350   7,400
COOPER COMPANIES CO        COMM  216648402       $52    3,370   SH         SOLE          3,370       0
COOPER INDUSTRIES          COMM  216669101      $547   12,830   SH         SOLE            454  12,376
COOPER TIRE & RUBBER CO.   COMM  216831107      $188   10,212   SH         SOLE              0  10,212
ADOLPH COORS CO - CLASS B  COMM  217016104      $349    6,458   SH         SOLE              0   6,458
COR THERAPEUTICS           COMM  217753102       $49    4,910   SH         SOLE          4,910       0
CORN PRODUCTS INTL         COMM  219023108      $357   14,930   SH         SOLE          8,690   6,240
CORNING INC.               COMM  219350105    $1,454   24,225   SH         SOLE            933  23,292
COSTCO COMPANIES INC       COMM  22160Q102    $1,896   20,709   SH         SOLE            990  19,719
COUNTRYWIDE CREDIT INDS    COMM  222372104      $268    7,143   SH         SOLE            450   6,693
COVENTRY HEALTH CARE INC   COMM  222862104       $80   10,625   SH         SOLE         10,625       0
CRANE CORP                 COMM  224399105      $244   10,077   SH         SOLE              0  10,077
CREDIT SUISSE GROUP-ADR    COMM  225401108      $309    6,685   SH         SOLE          6,685       0
CROSS TIMBERS OIL CO       COMM  227573102       $53    7,477   SH         SOLE          7,477       0
CROWN CORK & SEAL          COMM  228255105      $382   13,384   SH         SOLE            556  12,828
CULLEN FROST BANKERS INC   COMM  229899109      $293    6,111   SH         SOLE          6,111       0
CUMMINS ENGINE CO.         COMM  231021106      $120    3,385   SH         SOLE              0   3,385
CURATIVE HEALTH SERVICES   COMM  231264102       $39    3,360   SH         SOLE          3,360       0
CUSTOMTRACKS CORP          COMM  232046102       $45    3,020   SH         SOLE          3,020       0
CYPRUS AMAX MINERALS       COMM  232809103      $105    8,688   SH         SOLE              0   8,688
D.R. HORTON INC.           COMM  23331A109      $292   17,437   SH         SOLE         10,647   6,790
DTE ENERGY COMPANY         COMM  233331107      $676   17,580   SH         SOLE            789  16,791
DAIN RAUSCHER CORP         COMM  233856103      $123    3,608   SH         SOLE          3,608       0
DALLAS SEMICONDUCTORS      COMM  235204104      $228    5,899   SH         SOLE          5,899       0
DANA CORP.                 COMM  235811106      $647   17,023   SH         SOLE            825  16,198
DANAHER CORP               COMM  235851102      $384    7,356   SH         SOLE            410   6,946
DANIEL INDUSTRIES          COMM  236235107       $65    4,290   SH         SOLE          4,290       0
DARDEN RESTAURANTS INC     COMM  237194105      $304   14,737   SH         SOLE              0  14,737
DATA GENERAL CORP          COMM  237688106       $20    1,957   SH         SOLE              0   1,957
DATASCOPE CORP             COMM  238113104      $101    3,740   SH         SOLE          3,740       0
DAYTON HUDSON CORP         COMM  239753106    $3,737   56,093   SH         SOLE         11,814  44,279
DEAN FOODS CO              COMM  242361103        $6      156   SH         SOLE              0     156
DEERE AND CO.              COMM  244199105    $1,062   27,490   SH         SOLE            808  26,682
DELL COMPUTER              COMM  247025109   $12,157  297,412   SH         SOLE         31,192 266,220
DELPHI FINANCIAL GROUP     COMM  247131105      $143    4,212   SH         SOLE          4,212       0
DELTA & PINE LD CO         COMM  247357106      $243    7,916   SH         SOLE          7,916       0
DELTA AIR LINES            COMM  247361108    $3,014   43,373   SH         SOLE            920  42,453
DELUXE CORP.               COMM  248019101      $324   11,118   SH         SOLE            537  10,581
DENDRITE INTERNATIONAL     COMM  248239105       $95    4,240   SH         SOLE          4,240       0
DEVON ENERGY CORP          COMM  251799102      $224    8,138   SH         SOLE          8,138       0
DEVRY INC DEL              COMM  251893103      $385   13,268   SH         SOLE         13,268       0
DIAGNOSTIC PRODUCTS CORP   COMM  252450101       $85    3,520   SH         SOLE          3,520       0
DIALOGIC CORP              COMM  252499108      $113    3,690   SH         SOLE          3,690       0
DIGITAL MICROWAVE CORP     COMM  253859102      $104   12,440   SH         SOLE         12,440       0
DILLARD'S INC              COMM  254067101      $279   10,984   SH         SOLE            300  10,684
DIONEX CORP                COMM  254546104      $178    4,718   SH         SOLE          4,718       0
DISCOUNT AUTO PARTS        COMM  254642101       $86    3,991   SH         SOLE          3,991       0
DISNEY (WALT) COMPANY      COMM  254687106    $5,855  188,118   SH         SOLE              0 188,118
DOLLAR GENERAL CORP        COMM  256669102      $380   11,186   SH         SOLE            582  10,604
DOMINION RES INC - VA      COMM  257470104      $680   18,421   SH         SOLE          1,224  17,197
R R DONNELLEY & SONS       COMM  257867101      $649   20,151   SH         SOLE          1,008  19,143
DOVER CORP                 COMM  260003108      $741   22,544   SH         SOLE            880  21,664
DOW CHEMICAL               COMM  260543103    $1,965   21,085   SH         SOLE          1,181  19,904
DOW JONES AND CO.          COMM  260561105      $520   11,020   SH         SOLE            715  10,305
DOWNEY FINANCIAL CORP      COMM  261018105      $216   11,786   SH         SOLE          5,166   6,620
DRESS BARN INC.            COMM  261570105       $74    5,356   SH         SOLE          5,356       0
DUPONT (E.I.) DE NEMOURS   COMM  263534109    $8,106  139,611   SH         SOLE         20,984 118,627
DUKE ENERGY CO             COMM  264399106    $2,970   54,191   SH         SOLE         15,023  39,168
DUN & BRADSTREET           COMM  26483B106      $661   18,558   SH         SOLE            796  17,762
DYCOM INDUSTRIES           COMM  267475101      $196    4,500   SH         SOLE          4,500       0
EG & G INC                 COMM  268457108      $228    8,628   SH         SOLE              0   8,628
EG&G INC UNISSUED WARRANT  COMM  268457910        $0    3,300   SH         SOLE              0   3,300
EMC CORP-MASS              COMM  268648102   $12,388   96,969   SH         SOLE          7,328  89,641
ETEC SYSTEMS INC           COMM  26922C103      $216    7,321   SH         SOLE          4,631   2,690
EAGLE HARDWARE & GARDEN    COMM  26959B101      $340    8,902   SH         SOLE          5,972   2,930
EARTHGRAINS CO             COMM  270319106      $277   12,484   SH         SOLE          7,944   4,540
EASTERN UTILITIES ASSOC    COMM  277173100      $111    3,928   SH         SOLE          3,928       0
EASTMAN CHEMICAL COMPANY   COMM  277432100      $373    8,875   SH         SOLE            470   8,405
EASTMAN KODAK              COMM  277461109    $2,451   38,364   SH         SOLE          1,654  36,710
EATON CORP.                COMM  278058102      $614    8,591   SH         SOLE            400   8,191
EATON VANCE CORP           COMM  278265103      $128    6,356   SH         SOLE          6,356       0
ECOLAB INC                 COMM  278865100      $320    9,023   SH         SOLE            426   8,597
EDISON INTERNATIONAL       COMM  281020107    $1,045   46,965   SH         SOLE          1,206  45,759
ELECTRIC SCIENTIFIC INDS   COMM  285229100      $128    2,750   SH         SOLE          2,750       0
ELECTROGLAS INC            COMM  285324109       $56    4,320   SH         SOLE          4,320       0
ELECTRONIC DATA SYSTEMS    COMM  285661104    $2,107   43,275   SH         SOLE          2,240  41,035
ELSEVIER NV - ADR          COMM  290259100       $90    3,004   SH         SOLE          3,004       0
EMERSON ELECTRIC           COMM  291011104    $5,217   98,545   SH         SOLE         13,566  84,979
ENERGEN CORP               COMM  29265N108       $71    4,780   SH         SOLE          4,780       0
ENGELHARD CORP             COMM  292845104      $281   16,599   SH         SOLE            534  16,065
ENHANCE FINANCIAL SVCS     COMM  293310108      $264   11,488   SH         SOLE          6,698   4,790
ENRON CORP                 COMM  293561106    $2,691   41,883   SH         SOLE         13,446  28,437
ENTERGY CORP.              COMM  29364G103      $753   27,377   SH         SOLE          1,055  26,322
ENVOY CORP NEW             COMM  293982104      $203    4,539   SH         SOLE          4,539       0
ENZO BIOCHEM INC           COMM  294100102       $51    5,426   SH         SOLE          5,426       0
EQUIFAX INC                COMM  294429105      $206    5,991   SH         SOLE            510   5,481
ETHAN ALLEN INTERIORS      COMM  297602104      $249    5,984   SH         SOLE          5,984       0
EXECUTIVE RISK INC         COMM  301586103      $184    2,590   SH         SOLE          2,590       0
EXPEDITORS INTERNATIONAL   COMM  302130109      $287    5,306   SH         SOLE          5,306       0
EXPRESS SCRIPTS INC        COMM  302182100      $579    6,732   SH         SOLE          6,732       0
EXXON CORP                 COMM  302290101   $22,341  316,615   SH         SOLE         10,278 306,337
FMC CORP                   COMM  302491303      $740   14,993   SH         SOLE         10,920   4,073
FPL GROUP                  COMM  302571104    $1,182   22,198   SH         SOLE          1,079  21,119
FACTSET RESEARCH SYS INC   COMM  303075105      $131    3,030   SH         SOLE          3,030       0
FAIR ISAAC & CO            COMM  303250104      $115    3,109   SH         SOLE          3,109       0
FAMILY GOLF CENTERS INC    COMM  30701A106       $39    5,260   SH         SOLE          5,260       0
FDX CORP                   COMM  31304N107    $1,452   15,612   SH         SOLE            653  14,959
FEDERAL HOME MTG. CORP     COMM  313400301    $5,099   88,970   SH         SOLE         13,288  75,682
FANNIE MAE                 COMM  313586109   $11,410  164,762   SH         SOLE         15,721 149,041
FEDERAL SIGNAL             COMM  313855108        $7      315   SH         SOLE              0     315
FEDERATED DEPT STORES      COMM  31410H101      $833   20,749   SH         SOLE            717  20,032
FIDELITY NATL FINANCIAL    COMM  316326107       $79    5,298   SH         SOLE          5,298       0
FIFTH THIRD BANCORP        COMM  316773100    $1,719   26,067   SH         SOLE          1,288  24,779
FILENET CORP               COMM  316869106       $39    5,572   SH         SOLE          5,572       0
FIRST AMERICAN FINANCIAL   COMM  318522307      $170   10,748   SH         SOLE         10,748       0
FIRSTBANK PUERTO RICO      COMM  318672102      $116    4,820   SH         SOLE          4,820       0
FIRST DATA CORP            COMM  319963104    $2,877   67,302   SH         SOLE         20,661  46,641
FIRST MIDWEST BANCORP INC  COMM  320867104      $247    6,510   SH         SOLE          6,510       0
FIRST UNION CORP           COMM  337358105    $7,411  138,689   SH         SOLE         15,474 123,215
FIRSTAR CORP               COMM  33763V109    $1,904   21,270   SH         SOLE          1,010  20,260
FIRST MERIT CORP           COMM  337915102      $424   16,462   SH         SOLE         16,462       0
FIRSTENERGY CORP           COMM  337932107      $637   22,750   SH         SOLE            435  22,315
FLEET FINANCIAL GROUP      COMM  338915101    $2,577   68,499   SH         SOLE         16,722  51,777
FLEETWOOD ENTERPRISES      COMM  339099103       $58    2,018   SH         SOLE              0   2,018
FLEMING COMPANIES INC.     COMM  339130106       $51    5,970   SH         SOLE          5,970       0
FLORIDA ROCK INDS          COMM  341140101      $130    3,810   SH         SOLE          3,810       0
FLUOR CORP.                COMM  343861100      $246    9,119   SH         SOLE            480   8,639
FOOTSTAR INC               COMM  344912100      $178    5,560   SH         SOLE          5,560       0
FORD MOTOR CO.             COMM  345370100   $10,647  187,812   SH         SOLE         18,508 169,304
FORT JAMES CORP            COMM  347471104Z     $511   16,120   SH         SOLE            822  15,298
FORTUNE BRANDS INC.        COMM  349631101      $669   17,364   SH         SOLE              0  17,364
FOSTER WHEELER             COMM  350244109       $51    4,228   SH         SOLE              0   4,228
FRANKLIN COVEY CO          COMM  353469109       $41    4,544   SH         SOLE          4,544       0
FRANKLIN RESOURCES INC     COMM  354613101      $600   21,344   SH         SOLE          1,070  20,274
FREEPORT-MCMORAN COPPER    COMM  35671D857      $258   23,724   SH         SOLE          1,090  22,634
FREMONT GEN CORP           COMM  357288109      $396   20,752   SH         SOLE         12,272   8,480
FRESENIUS MED HLDGS - PFD  COMM  358030203        $0    8,542   SH         SOLE              0   8,542
FRITZ CO                   COMM  358846103       $40    5,793   SH         SOLE          5,793       0
FRONTIER CORP              COMM  35906P105      $660   12,718   SH         SOLE            433  12,285
FRONTIER INSURANCE GROUP   COMM  359081106       $79    6,685   SH         SOLE          6,685       0
FRUIT OF THE LOOM          COMM  359416104       $78    7,240   SH         SOLE            397   6,843
G & K SERVICES INC         COMM  361268105      $218    4,717   SH         SOLE          4,717       0
GPU INC.                   COMM  36225X100      $265    7,110   SH         SOLE            575   6,535
GTE CORP.                  COMM  362320103    $7,291  120,508   SH         SOLE         14,546 105,962
GALLAGHER ARTHUR J & C     COMM  363576109      $167    3,622   SH         SOLE          3,622       0
GANNETT CO. INC. DEL       COMM  364730101    $2,779   44,115   SH         SOLE         13,244  30,871
GAP, INC.                  COMM  364760108    $4,974   73,889   SH         SOLE         11,172  62,717
GARDNER DENVER INC         COMM  365558105       $53    3,320   SH         SOLE          3,320       0
GATEWAY 2000 INC           COMM  367833100    $1,133   16,522   SH         SOLE            640  15,882
GENERAL DYNAMICS CORP.     COMM  369550108      $875   13,626   SH         SOLE            460  13,166
GENERAL ELECTRIC CO.       COMM  369604103   $47,877  432,788   SH         SOLE         38,636 394,152
GENERAL INSTRUMENT CORP    COMM  370120107      $421   13,874   SH         SOLE            499  13,375
GENERAL MILLS INC.         COMM  370334104    $1,877   24,843   SH         SOLE          8,704  16,139
GENERAL MOTORS             COMM  370442105   $10,359  119,066   SH         SOLE         11,604 107,462
GENERAL SEMICONDUCTORS     COMM  370787103       $37    5,050   SH         SOLE          5,050       0
GENTEX CORP.               COMM  371901109      $307   14,260   SH         SOLE         14,260       0
GENESIS HEALTH VENTURES    COMM  371912106       $33    6,797   SH         SOLE          6,797       0
GENUINE PARTS CO.          COMM  372460105      $593   20,586   SH         SOLE            760  19,826
GEON CO                    COMM  37246W105      $240   10,535   SH         SOLE          5,585   4,950
GEORGIA-PAC GROUP          COMM  373298108      $805   10,836   SH         SOLE            493  10,343
GERBER SCIENTIFIC INC      COMM  373730100       $88    4,341   SH         SOLE          4,341       0
GETCHELL GOLD CORP         COMM  374265106      $283   10,816   SH         SOLE          7,166   3,650
GILLETTE CO.               COMM  375766102    $7,159  120,453   SH         SOLE          5,148 115,305
GLOBAL INDL TECHNOLOGIES   COMM  379335102       $49    4,760   SH         SOLE          4,760       0
GOLDEN WEST FINANCIAL      COMM  381317106      $639    6,690   SH         SOLE            640   6,050
GOODRICH BF                COMM  382388106      $155    4,531   SH         SOLE            231   4,300
GOODYEAR TIRE & RUBBER     COMM  382550101    $1,383   27,760   SH         SOLE         10,910  16,850
GOODYS FAMILY CLOTHING     COMM  382588101       $92    6,570   SH         SOLE          6,570       0
GRACE (W.R.)               COMM  38388F108      $118    9,745   SH         SOLE            384   9,361
GRACO INC                  COMM  384109104       $86    3,900   SH         SOLE          3,900       0
GRAINGER WW                COMM  384802104      $697   16,197   SH         SOLE            190  16,007
GREAT ATLANTIC & PAC TEA   COMM  390064103       $91    3,042   SH         SOLE            300   2,742
GREAT LAKES CHEMICAL CORP  COMM  390568103      $243    6,603   SH         SOLE            200   6,403
GUIDANT CORP.              COMM  401698105    $2,102   34,748   SH         SOLE          1,496  33,252
GUILFORD MLS INC           COMM  401794102       $48    5,537   SH         SOLE          5,537       0
GYMBOREE CORP              COMM  403777105       $38    4,200   SH         SOLE          4,200       0
HCR MANOR CARE             COMM  404134108      $184    8,054   SH         SOLE            485   7,569
HNC SOFTWARE               COMM  40425P107      $174    5,320   SH         SOLE          5,320       0
HS RES INC                 COMM  404297103       $38    4,310   SH         SOLE          4,310       0
HUBCO INC.                 COMM  404382103      $298    8,892   SH         SOLE          8,892       0
HA-LO INDUSTRIES           COMM  404429102      $100    8,160   SH         SOLE          8,160       0
HADCO CORP                 COMM  404681108      $103    3,260   SH         SOLE          3,260       0
HALLIBURTON CO.            COMM  406216101    $1,847   47,962   SH         SOLE          1,558  46,404
HARBINGER CORP             COMM  41145C103       $47    6,910   SH         SOLE          6,910       0
HARCOURT GENERAL, INC.     COMM  41163G101      $464   10,476   SH         SOLE            694   9,782
JOHN H. HARLAND CO.        COMM  412693103       $62    4,770   SH         SOLE          4,770       0
HARMAN INTL INDUSTRIES IN  COMM  413086109      $163    4,430   SH         SOLE          4,430       0
HARMON INDUSTRIES          COMM  413136102       $47    2,340   SH         SOLE          2,340       0
HARNISCHFEGER INDS         COMM  413345109       $34    5,910   SH         SOLE              0   5,910
HARRA'S ENTERTAINMENT      COMM  413619107      $155    8,121   SH         SOLE              0   8,121
HARRIS CORP. DEL           COMM  413875105      $247    8,634   SH         SOLE              0   8,634
HARTFORD FINC SERVICES     COMM  416515104    $1,473   25,925   SH         SOLE            678  25,247
HASBRO INC                 COMM  418056107      $687   23,756   SH         SOLE          1,125  22,631
HEALTHSOUTH REHAB.         COMM  421924101      $304   29,296   SH         SOLE          1,550  27,746
HEARTLAND EXPRESS INC      COMM  422347104       $79    5,200   SH         SOLE          5,200       0
H.J. HEINZ CO.             COMM  423074103    $1,948   41,129   SH         SOLE          2,847  38,282
HELIX TECHNOLOGIES         COMM  423319102       $81    5,300   SH         SOLE          5,300       0
HELMERICH & PAYNE          COMM  423452101      $178    7,828   SH         SOLE              0   7,828
HENRY JACK & ASSOC INC     COMM  426281101      $141    3,841   SH         SOLE          3,841       0
HERCULES                   COMM  427056106      $276   10,938   SH         SOLE            453  10,485
HERSHEY FOODS CORP.        COMM  427866108      $976   17,404   SH         SOLE          1,190  16,214
HEWLETT PACKARD CO.        COMM  428236103    $8,656  127,640   SH         SOLE         17,063 110,577
HILTON HOTELS CORP.        COMM  432848109      $311   22,087   SH         SOLE              0  22,087
HOME DEPOT INC             COMM  437076102   $13,369  214,762   SH         SOLE         22,186 192,576
HOMESTAKE MINING           COMM  437614100      $164   18,961   SH         SOLE              0  18,961
HONEYWELL INC.             COMM  438506107    $1,612   21,263   SH         SOLE          6,580  14,683
HOUSEHOLD INTERNATIONAL    COMM  441815107    $1,817   39,815   SH         SOLE          1,879  37,936
HUFFY CORP                 COMM  444356109       $52    4,367   SH         SOLE          4,367       0
HUGHES SUPPLY INC          COMM  444482103      $251   11,015   SH         SOLE          5,395   5,620
HUMANA INC.                COMM  444859102      $286   16,577   SH         SOLE            605  15,972
HUNTINGTON BANC SHARES     COMM  446150104       $47    1,517   SH         SOLE              0   1,517
HUTCHINSON TECHNOLOGY      COMM  448407106      $131    5,250   SH         SOLE          5,250       0
HYPERION SOLUTIONS CORP    COMM  44914M104       $93    6,406   SH         SOLE          6,406       0
IHOP CORP                  COMM  449623107      $134    3,420   SH         SOLE          3,420       0
IMCO RECYCLING INC         COMM  449681105       $51    3,940   SH         SOLE          3,940       0
IMS HEALTH INC             COMM  449934108    $1,612   48,654   SH         SOLE          1,602  47,052
ITT INDUSTRIES INC         COMM  450911102      $449   12,681   SH         SOLE            588  12,093
IDEXX LABS INC             COMM  45168D104      $183    7,649   SH         SOLE          7,649       0
IKON OFFICE SOLUTIONS      COMM  451713101      $185   14,453   SH         SOLE            672  13,781
ILLINOIS TOOL WORKS INC    COMM  452308109    $1,626   26,279   SH         SOLE          1,216  25,063
IMMUNE RESPONSE            COMM  45252T106       $41    4,620   SH         SOLE          4,620       0
INACOM CORP                COMM  45323G109       $67    8,651   SH         SOLE          8,651       0
INCO LTD                   COMM  453258402      $240   18,041   SH         SOLE          1,167  16,874
INCYTE PHARMACEUTICALS     COMM  45337C102      $119    5,920   SH         SOLE          5,920       0
ING GROEP N.V.-SPONS ADR   COMM  456837103      $287    5,224   SH         SOLE          5,224       0
INGERSOLL RAND             COMM  456866102      $946   19,066   SH         SOLE            673  18,393
INNOVEX INC                COMM  457647105       $47    3,490   SH         SOLE          3,490       0
INPUT/OUTPUT INC           COMM  457652105       $49    7,834   SH         SOLE          7,834       0
INSIGHT ENTERPRISES INC    COMM  45765U103      $128    5,190   SH         SOLE          5,190       0
INSITUFORM TECHNOLOGIES    COMM  457667103       $64    3,630   SH         SOLE          3,630       0
INTEGRATED CIRCUIT SYS     COMM  45811K109       $52    2,860   SH         SOLE          2,860       0
INTEGRATED HEALTH SERVICE  COMM  45812C106       $59   10,798   SH         SOLE         10,798       0
INTEL CORP.                COMM  458140100   $27,450  230,915   SH         SOLE         20,206 210,709
INTER TEL INC.             COMM  458372109       $83    5,350   SH         SOLE          5,350       0
INTERFACE INC -CL A        COMM  458665106       $77    7,958   SH         SOLE          7,958       0
INTERIM SERVICES INC       COMM  45868P100      $258   17,168   SH         SOLE          9,708   7,460
INTERMET CORP              COMM  45881K104       $66    4,934   SH         SOLE          4,934       0
INT'L BUSINESS MACHINES    COMM  459200101   $19,181  108,213   SH         SOLE         11,668  96,545
INT'L FLAVORS & FRAGRANCE  COMM  459506101      $446   11,873   SH         SOLE            946  10,927
INTERNATIONAL PAPER CO.    COMM  460146103    $1,296   30,709   SH         SOLE          1,330  29,379
INTL RECTIFIER CORP.       COMM  460254105       $61    8,754   SH         SOLE          8,754       0
INTERPUBLIC GROUP          COMM  460690100    $1,009   12,958   SH         SOLE            812  12,146
INTERSTATE BAKERIES CO     COMM  46072H108        $5      224   SH         SOLE              0     224
INTERVOICE INC             COMM  461142101       $59    5,360   SH         SOLE          5,360       0
INVACARE INC               COMM  461203101      $140    5,746   SH         SOLE          5,746       0
IONICS INC                 COMM  462218108      $133    4,405   SH         SOLE          4,405       0
J&J SNACK FOODS INC        COMM  466032109       $51    2,530   SH         SOLE          2,530       0
JLG INDUSTRIES INC         COMM  466210101       $92    6,750   SH         SOLE          6,750       0
JSB FINANCIAL INC          COMM  46624M100      $196    3,905   SH         SOLE          3,905       0
JEFFERIES GROUP            COMM  472318104      $219    4,620   SH         SOLE          4,620       0
JEFFERSON PILOT            COMM  475070108    $1,423   21,004   SH         SOLE          9,059  11,945
JO-ANN STORES INC - CL A   COMM  47758P109       $59    4,295   SH         SOLE          4,295       0
JOHNSON & JOHNSON          COMM  478160104   $17,988  192,387   SH         SOLE         18,596 173,791
JOHNSON CONTROLS INC.      COMM  478366107      $550    8,821   SH         SOLE            434   8,387
JONES PHARMA INC           COMM  480236108      $214    6,160   SH         SOLE          6,160       0
JOSTENS INC.               COMM  481088102      $160    7,524   SH         SOLE              0   7,524
JUNO LIGHTING INC          COMM  482047107       $81    3,600   SH         SOLE          3,600       0
JUST FOR FEET INC          COMM  48213P106       $81    6,480   SH         SOLE          6,480       0
JUSTIN INDUSTRIES INC      COMM  482171105       $36    3,260   SH         SOLE          3,260       0
KLA-TENCOR CORP.           COMM  482480100      $431    8,869   SH         SOLE            300   8,569
KLM ROYAL DUTCH AIR-ADR    COMM  482516101       $62    2,229   SH         SOLE          2,229       0
K-MART                     COMM  482584109      $949   56,467   SH         SOLE          1,498  54,969
K-SWISS CL-A               COMM  482686102       $99    3,920   SH         SOLE          3,920       0
KAMAN CORP -CL A           COMM  483548103       $58    4,493   SH         SOLE          4,493       0
KAUFMAN & BROAD HOME CO    COMM  486168107        $9      398   SH         SOLE              0     398
KELLOGG                    COMM  487836108    $1,657   48,992   SH         SOLE          2,800  46,192
KELLWOOD INC               COMM  488044108      $231   10,460   SH         SOLE          5,650   4,810
KEMET CORP                 COMM  488360108       $84    7,295   SH         SOLE          7,295       0
KENT ELECTRONICS CORP      COMM  490553104       $58    5,813   SH         SOLE          5,813       0
KERR MCGEE                 COMM  492386107      $311    9,481   SH         SOLE              0   9,481
KEYCORP                    COMM  493267108    $1,786   58,913   SH         SOLE         15,580  43,333
KIMBERLY CLARK             COMM  494368103    $3,623   75,582   SH         SOLE         14,306  61,276
KING WORLD PRODUCTION      COMM  495667107      $316   10,342   SH         SOLE              0  10,342
KIRBY CORP                 COMM  497266106       $78    4,097   SH         SOLE          4,097       0
KNIGHT RIDDER NEWSPAPERS   COMM  499040103      $626   12,529   SH         SOLE            819  11,710
KOHLS CORP                 COMM  500255104    $1,018   14,360   SH         SOLE            690  13,670
KOMAG INC.                 COMM  500453105       $46   10,580   SH         SOLE         10,580       0
KONINKLIJKE AHOLD - ADR    COMM  500467303      $145    3,783   SH         SOLE          3,783       0
KONINKLIJKE PHILIPS EL     COMM  500472105      $173    2,102   SH         SOLE          2,102       0
KROGER COMPANY             COMM  501044101    $1,828   30,537   SH         SOLE          1,242  29,295
KROLL-O'GARA COMPANY       COMM  501050108      $109    4,010   SH         SOLE          4,010       0
KRONOS INC                 COMM  501052104       $78    3,180   SH         SOLE          3,180       0
KULICKE & SOFFA INDS INC   COMM  501242101      $126    4,990   SH         SOLE          4,990       0
LG AND E ENERGY CORP.      COMM  501917108       $16      751   SH         SOLE              0     751
LSI LOGIC CORP             COMM  502161102      $401   12,867   SH         SOLE            425  12,442
LA Z BOY CHAIR CO          COMM  505336107      $300   15,973   SH         SOLE          9,573   6,400
LAIDLAW INC. CLASS B       COMM  50730K503       $18    3,131   SH         SOLE              0   3,131
LANDRY'S RESTAURANTS       COMM  51508L103       $36    5,600   SH         SOLE          5,600       0
LANDSTAR SYSTEMS INC       COMM  515098101       $78    2,355   SH         SOLE          2,355       0
LASON INC                  COMM  51808R107      $176    3,120   SH         SOLE          3,120       0
LATTICE SEMICONDUCTOR      COMM  518415104      $388    8,519   SH         SOLE          5,129   3,390
LAWSON PRODUCTS INC.       COMM  520776105       $71    3,480   SH         SOLE          3,480       0
LEGGETT & PLATT INC        COMM  524660107        $9      460   SH         SOLE              0     460
LEGG MASON INC             COMM  524901105      $383   11,376   SH         SOLE         11,376       0
LEHMAN BROS HOLDING INC    COMM  524908100      $861   14,404   SH         SOLE            420  13,984
LIBBEY INC                 COMM  529898108      $122    3,920   SH         SOLE          3,920       0
LILLY (ELI) & CO.          COMM  532457108   $11,402  134,337   SH         SOLE         14,820 119,517
LILLY INDUSTRIES INC       COMM  532491107       $73    4,709   SH         SOLE          4,709       0
LIMITED, INC.              COMM  532716107    $1,303   32,883   SH         SOLE          1,105  31,778
LINCOLN NATIONAL CORP.     COMM  534187109    $1,168   11,811   SH         SOLE            494  11,317
LINDSAY MANUFACTURING CO   COMM  535555106       $67    3,379   SH         SOLE          3,379       0
LINENS N' THINGS           COMM  535679104      $345    7,600   SH         SOLE          7,600       0
LIPOSOME CO INC            COMM  536310105       $97    7,250   SH         SOLE          7,250       0
LIZ CLAIBORNE INC          COMM  539320101      $288    8,831   SH         SOLE              0   8,831
LOCKHEED MARTIN CORP       COMM  539830109    $2,186   57,920   SH         SOLE         13,596  44,324
LOEWS CORP.                COMM  540424108      $844   11,305   SH         SOLE              0  11,305
LONE STAR INDUSTRIES       COMM  542290408      $272    8,782   SH         SOLE          4,822   3,960
LONGS DRUG STORES CORP     COMM  543162101       $61    2,018   SH         SOLE            150   1,868
LOUISIANA PACIFIC CORP.    COMM  546347105      $196   10,538   SH         SOLE              0  10,538
LOWE'S COMPANIES           COMM  548661107    $2,248   37,158   SH         SOLE          1,538  35,620
LUBY'S CAFETERIAS          COMM  549282101      $109    6,480   SH         SOLE          6,480       0
LUCENT TECHNOLOGIES INC    COMM  549463107   $16,610  153,798   SH         SOLE         16,978 136,820
MAF BANCORP, INC.          COMM  55261R108       $80    3,600   SH         SOLE          3,600       0
MBIA INC                   COMM  55262C100    $4,065   70,082   SH         SOLE         11,170  58,912
MBNA CORP.                 COMM  55262L100    $2,222   93,075   SH         SOLE          2,665  90,410
MDC HOLDINGS INC           COMM  552676108       $49    3,420   SH         SOLE          3,420       0
MCI WORLDCOM INC           COMM  55268B106   $23,162  261,537   SH         SOLE         22,303 239,234
MGIC INVESTMENT CO.        COMM  552848103      $421   11,997   SH         SOLE            300  11,697
MS CARRIERS INC            COMM  553533100       $80    3,040   SH         SOLE          3,040       0
MACDERMID INC              COMM  554273102      $172    5,070   SH         SOLE          5,070       0
MACROMEDIA INC             COMM  556100105      $361    7,960   SH         SOLE          7,960       0
MAGELLAN HEALTH SVCS       COMM  559079108       $20    4,870   SH         SOLE          4,870       0
MALLINCKRODT INC           COMM  561232109      $259    9,742   SH         SOLE            500   9,242
MANITOWAC INC              COMM  563571108      $168    4,018   SH         SOLE          4,018       0
MARSH & MCLENNAN           COMM  571748102    $2,076   27,957   SH         SOLE          1,423  26,534
MARSHALL & ILSLEY CORP     COMM  571834100       $19      350   SH         SOLE              0     350
MARRIOTT INTL-CLASS A      COMM  571903202      $589   17,521   SH         SOLE          1,633  15,888
MARSHALL INDUSTRIES        COMM  572393106       $55    4,103   SH         SOLE          4,103       0
MASCO CORP.                COMM  574599106      $970   34,339   SH         SOLE          1,170  33,169
MASOTECH CORP              COMM  574670105      $156   10,090   SH         SOLE         10,090       0
MATTEL INC.                COMM  577081102      $813   32,605   SH         SOLE          1,501  31,104
MAY DEPARTMENT STORES      COMM  577778103    $2,119   54,154   SH         SOLE         14,328  39,826
MAXXAM MEDICAL INC         COMM  57777G105       $59    3,140   SH         SOLE          3,140       0
MAYTAG CORP.               COMM  578592107    $3,023   50,068   SH         SOLE            150  49,918
MCDERMOTT INTL.            COMM  580037109      $147    5,799   SH         SOLE            200   5,599
MCDONALD'S CORP            COMM  580135101    $7,900  174,348   SH         SOLE         24,100 150,248
MCGRAW-HILL INC.           COMM  580645109    $5,480  100,552   SH         SOLE         14,490  86,062
MCKESSON HBOC INC          COMM  58155Q103    $1,714   25,976   SH         SOLE          1,119  24,857
MCWHORTER TECHNOLOGIES     COMM  582803102       $38    2,820   SH         SOLE          2,820       0
MEAD CORP                  COMM  582834107      $339   11,015   SH         SOLE              0  11,015
MEDIAONE GROUP INC         COMM  58440J104    $4,154   65,485   SH         SOLE          6,420  59,065
MEDIMMUNE INC              COMM  584699102      $629   10,630   SH         SOLE         10,630       0
MEDQUIST INC               COMM  584949101      $184    6,130   SH         SOLE          6,130       0
MEDTRONIC INC              COMM  585055106    $4,542   63,192   SH         SOLE          8,826  54,366
MELLON BANK CORP.          COMM  585509102    $2,188   31,089   SH         SOLE          1,150  29,939
MENS WAREHOUSE INC         COMM  587118100      $220    7,615   SH         SOLE          7,615       0
MENTOR CORP MINN           COMM  587188103       $76    5,193   SH         SOLE          5,193       0
MERCANTILE BANCORPORATION  COMM  587342106      $405    8,530   SH         SOLE            520   8,010
MERCK & CO., INC.          COMM  589331107   $26,087  325,582   SH         SOLE         29,740 295,842
MERCURY INTERACTIVE        COMM  589405109      $264    7,420   SH         SOLE          7,420       0
MEREDITH CORP              COMM  589433101      $168    5,339   SH         SOLE            848   4,491
MERRILL CORP               COMM  590175105       $46    3,410   SH         SOLE          3,410       0
MERRILL LYNCH & CO.        COMM  590188108    $3,409   38,521   SH         SOLE          1,532  36,989
METHODE ELECTRONICS INC    COMM  591520200       $69    6,200   SH         SOLE          6,200       0
METRO NETWORKS INC         COMM  591918107      $204    3,710   SH         SOLE          3,710       0
FRED MEYER INC.            COMM  592907109      $801   13,610   SH         SOLE            610  13,000
MICHAEL FOODS INC.         COMM  594079105       $81    4,260   SH         SOLE          4,260       0
MICHAELS STORES INC        COMM  594087108      $168    6,810   SH         SOLE          6,810       0
MICREL INC                 COMM  594793101      $207    4,130   SH         SOLE          4,130       0
MICROS SYSTEMS INC         COMM  594901100      $120    3,640   SH         SOLE          3,640       0
MICROSOFT CORP             COMM  594918104   $58,465  652,327   SH         SOLE         60,764 591,563
MICROAGE CORP              COMM  594928103       $24    4,380   SH         SOLE          4,380       0
MICRON TECHNOLOGY          COMM  595112103    $1,232   25,576   SH         SOLE          1,038  24,538
SP400 MID CAP DEP. REC.    COMM  595635103      $225    3,270   SH         SOLE          2,500     770
MIDWAY GAMES INC           COMM  598148104       $54    6,260   SH         SOLE          6,260       0
MILACRON INC               COMM  598709103       $61    3,888   SH         SOLE              0   3,888
MILLIPORE CORP.            COMM  601073109      $107    4,422   SH         SOLE              0   4,422
MINNESOTA MINING & MFG     COMM  604059105    $3,170   44,807   SH         SOLE          2,102  42,705
MIRAGE RESORTS INC         COMM  60462E104       $22    1,050   SH         SOLE              0   1,050
MISSISSIPPI CHEM CORP      COMM  605288208       $46    4,888   SH         SOLE          4,888       0
MOBIL CORP.                COMM  607059102    $8,920  101,358   SH         SOLE         16,416  84,942
MOHAWK INDUSTRIES INC      COMM  608190104      $344   11,463   SH         SOLE         11,463       0
MONSANTO                   COMM  611662107    $2,705   58,879   SH         SOLE          2,361  56,518
MOORE CORP                 COMM  615785102      $131   13,233   SH         SOLE              0  13,233
J.P. MORGAN & CO.          COMM  616880100    $3,530   28,614   SH         SOLE          6,682  21,932
MORGAN STAN/DEAN WITTER    COMM  617446448    $7,055   70,593   SH         SOLE          9,857  60,736
MORRISON-KNUDSON INC       COMM  61844A109       $64    6,440   SH         SOLE          6,440       0
MORTON INTERNATIONAL INC.  COMM  619335102      $610   16,604   SH         SOLE            538  16,066
MOTOROLA INC.              COMM  620076109    $7,553  103,107   SH         SOLE         12,510  90,597
MUELLER INDUSTRIES         COMM  624756102      $174    7,762   SH         SOLE          7,762       0
MUTUAL RISK MGMT LTD       COMM  628351108      $314    8,156   SH         SOLE          8,156       0
MYERS INDUSTRIES INC       COMM  628464109       $88    4,160   SH         SOLE          4,160       0
NBTY INC                   COMM  628782104       $46    9,503   SH         SOLE          9,503       0
NCR CORP                   COMM  62886E108        $2       31   SH         SOLE              0      31
NCS HEALTHCARE CLASS A     COMM  628874109       $61    5,090   SH         SOLE          5,090       0
NAC RE CORP                COMM  628907107      $319    5,940   SH         SOLE          3,910   2,030
NFO WORLDWIDE              COMM  62910N108       $42    4,220   SH         SOLE          4,220       0
NACCO INDUSTRIES INC       COMM  629579103      $138    1,869   SH         SOLE              0   1,869
NALCO CHEMICAL CO.         COMM  629853102      $186    7,011   SH         SOLE              0   7,011
NATIONAL CITY CORP.        COMM  635405103    $2,045   30,815   SH         SOLE          1,547  29,268
NATIONAL COMPUTER SYSTEMS  COMM  635519101      $146    5,956   SH         SOLE          5,956       0
NATIONAL DATA CORP         COMM  635621105      $296    7,046   SH         SOLE          7,046       0
NATIONAL INSTRUMENT CORP   COMM  636518102      $193    6,770   SH         SOLE          6,770       0
NATIONAL PRESTO IND.       COMM  637215104      $145    4,080   SH         SOLE          4,080       0
NATIONAL SEMICONDUCTOR     COMM  637640103      $120   12,856   SH         SOLE              0  12,856
NATIONAL SERVICE IND.      COMM  637657107      $271    7,961   SH         SOLE            200   7,761
NATURES SUNSHINE PRODUC    COMM  639027101       $36    3,271   SH         SOLE          3,271       0
NAUTICA ENTERPRISES INC    COMM  639089101       $83    7,326   SH         SOLE          7,326       0
NAVISTAR INT'L CORP.       COMM  63934E108      $170    4,242   SH         SOLE            200   4,042
NESTLE ADR (REG)           COMM  641069406      $232    2,577   SH         SOLE          2,577       0
NEW CENTURY ENERGIES INC   COMM  64352U103       $45    1,330   SH         SOLE              0   1,330
NEW ENGLAND BUSINESS       COMM  643872104      $114    3,980   SH         SOLE          3,980       0
NEW JERSEY RES             COMM  646025106      $302    8,486   SH         SOLE          3,756   4,730
NEW YORK TIMES CLASS A     COMM  650111107      $772   27,072   SH         SOLE            834  26,238
NEWELL RUBBERMAID CO.      COMM  651229106    $1,649   34,706   SH         SOLE          1,298  33,408
NEWFIELD EXPLORATION CORP  COMM  651290108      $200    8,842   SH         SOLE          8,842       0
NEWMONT MINING CORP        COMM  651639106      $326   18,618   SH         SOLE            958  17,660
NEXTEL COMMUNICATIONS-A    COMM  65332V103      $900   24,578   SH         SOLE          1,250  23,328
NIAGARA MOHAWK HOLDINGS    COMM  653520106      $367   27,311   SH         SOLE              0  27,311
NICOR INC.                 COMM  654086107      $146    4,069   SH         SOLE              0   4,069
NIKE INC. - CL B           COMM  654106103    $1,810   31,382   SH         SOLE          1,202  30,180
NORDSTROM INC              COMM  655664100      $753   18,412   SH         SOLE            480  17,932
NORFOLK SOUTHERN CORP      COMM  655844108    $1,172   44,437   SH         SOLE            696  43,741
NORRELL CORP GA            COMM  656301108       $72    5,509   SH         SOLE          5,509       0
NORTH AMERICAN VACCINE     COMM  657201109       $39    6,323   SH         SOLE          6,323       0
NORTHERN STATES POWER-MN   COMM  665772109      $337   14,538   SH         SOLE            950  13,588
NORTHERN TELECOM LTD       COMM  665815106    $7,827  125,988   SH         SOLE         12,857 113,131
NORTHERN TRUST CORP.       COMM  665859104    $1,145   12,889   SH         SOLE            660  12,229
NORTHROP/GRUMMAN CORP      COMM  666807102      $552    9,211   SH         SOLE            390   8,821
NORTHWEST NATURAL GAS CO`  COMM  667655104       $84    3,832   SH         SOLE          3,832       0
NOVARTIS AG-ADR            COMM  66987V109      $827   10,246   SH         SOLE         10,246       0
NOVELL INC.                COMM  670006105    $1,056   41,941   SH         SOLE          1,019  40,922
NOVELLUS SYSTEMS           COMM  670008101      $431    7,810   SH         SOLE          7,810       0
NUCOR CORP.                COMM  670346105      $436    9,892   SH         SOLE            561   9,331
NUVEEN PERFORMANCE PLUS    COMM  67062P108       $18    1,200   SH         SOLE              0   1,200
OM GROUP INC               COMM  670872100      $327    9,911   SH         SOLE          5,761   4,150
OAK INDUSTRIES INC         COMM  671400505      $236    7,425   SH         SOLE          4,085   3,340
OAKWOOD HOMES              COMM  674098108      $135    9,638   SH         SOLE          9,638       0
OCCIDENTAL PETROLEUM       COMM  674599105      $689   38,290   SH         SOLE          1,053  37,237
OCE NV - SPONS ADR         COMM  674627203       $63    2,505   SH         SOLE          2,505       0
OCEANEERING INTL INC       COMM  675232102       $75    4,986   SH         SOLE          4,986       0
OFFSHORE LOGISTICS         COMM  676255102       $60    5,150   SH         SOLE          5,150       0
OMNICOM GROUP INC.         COMM  681919106    $1,196   14,961   SH         SOLE            910  14,051
ONEOK INC                  COMM  682680103      $642   25,956   SH         SOLE         19,260   6,696
ORACLE SYSTEMS             COMM  68389X105    $7,020  266,180   SH         SOLE         26,648 239,532
ORANGE & ROCKLAND UTIL     COMM  684065105      $163    2,832   SH         SOLE          2,832       0
ORBITAL SCIENCES CORP      COMM  685564106      $225    7,922   SH         SOLE          7,922       0
ORGANOGENESIS INC          COMM  685906109       $71    6,180   SH         SOLE          6,180       0
O REILLY AUTOMOTIVE INC    COMM  686091109      $203    4,540   SH         SOLE          4,540       0
ORION CAP CORP.            COMM  686268103      $299    9,564   SH         SOLE          5,724   3,840
ORTHODONTIC CTRS AMERICA   COMM  68750P103      $132    8,360   SH         SOLE          8,360       0
OSHKOSH B'GOSH CL A        COMM  688222207       $76    4,320   SH         SOLE          4,320       0
OWENS & MINOR INC          COMM  690732102       $56    5,574   SH         SOLE          5,574       0
OWENS CORNING              COMM  69073F103      $154    4,840   SH         SOLE            236   4,604
OWENS ILLINOIS INC         COMM  690768403      $197    7,898   SH         SOLE            500   7,398
OXFORD INDS INC            COMM  691497309       $77    3,170   SH         SOLE          3,170       0
P-COM INC                  COMM  693262107       $68    8,880   SH         SOLE          8,880       0
PECO ENERGY CO             COMM  693304107    $1,239   26,787   SH         SOLE            736  26,051
P G & E CORP               COMM  69331C108    $1,449   46,658   SH         SOLE          1,999  44,659
PNC BANK CORPORATION       COMM  693475105    $1,842   33,152   SH         SOLE          1,435  31,717
P P & L RESOURCES INC.     COMM  693499105      $183    7,379   SH         SOLE            275   7,104
PPG INDUSTRIES             COMM  693506107    $1,687   32,920   SH         SOLE         12,565  20,355
PACCAR INC                 COMM  693718108      $393    9,540   SH         SOLE            326   9,214
PACIFIC SUNWEAR OF CALIF   COMM  694873100      $155    4,450   SH         SOLE          4,450       0
PACIFICORP                 COMM  695114108      $773   44,791   SH         SOLE            496  44,295
PALL CORPORATION           COMM  696429307      $256   15,450   SH         SOLE            209  15,241
PARAMETRIC TECH.           COMM  699173100      $496   25,096   SH         SOLE            880  24,216
PAREXEL TECHNOLOGY         COMM  699462107      $111    5,380   SH         SOLE          5,380       0
PARK ELECTROCHEMICAL CO    COMM  700416209       $71    3,013   SH         SOLE          3,013       0
PARKER HANNIFIN CORP.      COMM  701094104      $406   11,840   SH         SOLE            421  11,419
PATTERSON DENTAL CO        COMM  703412106      $292    6,757   SH         SOLE          6,757       0
PAXAR CORP                 COMM  704227107       $46    6,179   SH         SOLE          6,179       0
PAYCHEX INC                COMM  704326107      $777   16,385   SH         SOLE            790  15,595
PEDIATRIX MEDICAL GROUP    COMM  705324101      $105    3,720   SH         SOLE          3,720       0
J.C. PENNEY CO.            COMM  708160106    $1,079   26,639   SH         SOLE          1,347  25,292
PENNSYLVANIA ENTERPRISES   COMM  708720107       $65    2,720   SH         SOLE          2,720       0
PEOPLES ENERGY CORP        COMM  711030106      $127    3,937   SH         SOLE              0   3,937
PEOPLESOFT INC             COMM  712713106      $267   18,250   SH         SOLE            850  17,400
PEP BOYS-MANNY,MOE & JACK  COMM  713278109      $115    7,518   SH         SOLE              0   7,518
PEPSICO                    COMM  713448108    $6,371  162,569   SH         SOLE              0 162,569
PERKIN ELMER CORP          COMM  714041100      $612    6,310   SH         SOLE            275   6,035
PHARMACIA & UPJOHN INC     COMM  716941109    $3,210   51,462   SH         SOLE          2,214  49,248
PFIZER INC.                COMM  717081103   $25,540  184,073   SH         SOLE         15,638 168,435
PHARMACEUTICAL MKTG.SVS.   COMM  717123103       $36    2,450   SH         SOLE          2,450       0
PHARM. PRODUCT DEVELOP     COMM  717124101      $160    4,780   SH         SOLE          4,780       0
PHELPS DODGE CORP.         COMM  717265102      $384    7,802   SH         SOLE            220   7,582
PHILADELPHIA SUBN CORP     COMM  718009608      $196    8,652   SH         SOLE          8,652       0
PHILIP MORRIS              COMM  718154107    $8,558  243,218   SH         SOLE         20,900 222,318
PHILLIPS PETROLEUM         COMM  718507106    $1,313   27,795   SH         SOLE            994  26,801
PHOTRONICS INC             COMM  719405102      $100    5,350   SH         SOLE          5,350       0
PHYCOR INC                 COMM  71940F100       $57   11,945   SH         SOLE         11,945       0
PICTURETEL CORP            COMM  720035302       $42    6,010   SH         SOLE          6,010       0
PIEDMONT NAT GAS INC       COMM  720186105      $172    4,919   SH         SOLE          4,919       0
PIER ONE                   COMM  720279108      $216   26,614   SH         SOLE         14,914  11,700
PILLOWTEX CORP             COMM  721501104       $52    3,668   SH         SOLE          3,668       0
PIONEER GROUP INC          COMM  723684106       $88    5,910   SH         SOLE          5,910       0
PIONEER HI-BRED            COMM  723686101    $1,048   27,865   SH         SOLE          1,525  26,340
PIONEER STD ELECTRICS INC  COMM  723877106       $31    4,680   SH         SOLE          4,680       0
PITNEY-BOWES INC.          COMM  724479100    $2,394   37,557   SH         SOLE          1,314  36,243
PITTSTON BURLINGTON GROUP  COMM  725701882       $27    3,850   SH         SOLE          3,850       0
PLACER DOME INC            COMM  725906101      $295   26,387   SH         SOLE            947  25,440
PLAINS RES INC             COMM  726540503       $63    4,220   SH         SOLE          4,220       0
PLANTRONICS                COMM  727493108      $218    3,490   SH         SOLE          3,490       0
PLATINUM S0FTWARE CORP     COMM  72764R105       $55    7,400   SH         SOLE          7,400       0
PLEXUS CORP                COMM  729132100       $93    3,340   SH         SOLE          3,340       0
POGO PRODUCING CO          COMM  730448107      $118    9,096   SH         SOLE          9,096       0
POLARIS INDS INC           COMM  731068102      $187    5,880   SH         SOLE          5,880       0
POLAROID                   COMM  731095105      $113    5,582   SH         SOLE            300   5,282
POOL ENERGY SERVICES CO    COMM  732788104       $84    5,500   SH         SOLE          5,500       0
POPE & TALBOT INC          COMM  732827100       $33    5,165   SH         SOLE          5,165       0
POTLATCH CORP              COMM  737628107       $71    2,100   SH         SOLE              0   2,100
POTOMAC ELECTRIC POWER     COMM  737679100       $13      575   SH         SOLE              0     575
PREMIER BANCSHARES INC     COMM  739909109       $82    4,160   SH         SOLE          4,160       0
PRAXAIR INC                COMM  74005P104      $666   18,462   SH         SOLE            621  17,841
PREPAID LEGAL SERVICES     COMM  740065107      $120    4,910   SH         SOLE          4,910       0
PRECISION CASTPARTS CORP.  COMM  740189105        $8      200   SH         SOLE              0     200
PRIMARK CORP               COMM  741903108      $103    4,859   SH         SOLE          4,859       0
PRIME HOSPITALITY CORP     COMM  741917108      $109   10,960   SH         SOLE         10,960       0
PRIDE INTERNATIONAL INC    COMM  741932107       $80    9,645   SH         SOLE          9,645       0
PRIORITY HEALTHCARE - B    COMM  74264T102      $116    2,563   SH         SOLE          2,563       0
PROCTER & GAMBLE           COMM  742718109   $18,189  185,722   SH         SOLE         18,962 166,760
PROGRESS SOFTWARE CORP     COMM  743312100      $130    3,798   SH         SOLE          3,798       0
PROGRESSIVE CORP           COMM  743315103    $1,203    8,381   SH         SOLE            370   8,011
PROTEIN DESIGN LABS IND    COMM  74369L103       $69    4,575   SH         SOLE          4,575       0
PROVIDENT BANKSHARES CORP  COMM  743859100      $264   10,110   SH         SOLE          5,200   4,910
PROVIDENT COMPANIES INC    COMM  743862104       $10      290   SH         SOLE            110     180
PROVIDIAN FINANCIAL CORP   COMM  74406A102    $1,719   15,627   SH         SOLE            606  15,021
PUBLIC SERVICE CO OF N.C.  COMM  744516105       $99    3,500   SH         SOLE          3,500       0
PUBLIC SERVICE ENTER.      COMM  744573106    $1,056   27,666   SH         SOLE          1,087  26,579
PUGET SOUND ENERGY         COMM  745332106        $5      200   SH         SOLE              0     200
PULTE CORP                 COMM  745867101       $49    2,358   SH         SOLE              0   2,358
QUAKER CHEMICAL            COMM  747316107      $146   10,360   SH         SOLE          3,480   6,880
QUAKER OATS CO             COMM  747402105    $1,501   24,116   SH         SOLE          9,231  14,885
QUANEX CORP                COMM  747620102       $61    3,938   SH         SOLE          3,938       0
QUEENS COUNTY BANCORP INC  COMM  748242104      $101    3,745   SH         SOLE          3,745       0
R.H. DONNELLEY CORP        COMM  74955W307       $22    1,399   SH         SOLE              0   1,399
RJR NABISCO HOLDINGS INC   COMM  74960K876       $80    3,200   SH         SOLE              0   3,200
RTI INTL METALS INC        COMM  74973W107       $43    4,280   SH         SOLE          4,280       0
RALCORP HOLDINGS INC       COMM  751028101      $106    5,570   SH         SOLE          5,570       0
RALSTON PURINA CO.         COMM  751277302      $909   34,060   SH         SOLE          1,468  32,592
RAYCHEM CORP.              COMM  754603108      $232   10,296   SH         SOLE            260  10,036
RAYMOND JAMES FINANCIAL    COMM  754730109      $191    9,661   SH         SOLE          9,661       0
RAYTHEON CO-CLASS B        COMM  755111408    $2,262   38,584   SH         SOLE          9,113  29,471
READ-RITE CORP             COMM  755246105       $66   10,015   SH         SOLE         10,015       0
REEBOK INT'L               COMM  758110100      $117    7,381   SH         SOLE            300   7,081
REGAL BELOIT INC           COMM  758750103       $85    4,708   SH         SOLE          4,708       0
REGENERON PHARMACEUTICAL   COMM  75886F107       $28    4,210   SH         SOLE          4,210       0
REGIS CORP.                COMM  758932107      $207    7,785   SH         SOLE          7,785       0
REGIONS FINANCIAL CORP     COMM  758940100       $36    1,050   SH         SOLE            280     770
RELIANCE STEEL & ALUMINUM  COMM  759509102      $262    9,110   SH         SOLE          4,470   4,640
RELIANT ENERGY INC         COMM  75952J108      $673   25,829   SH         SOLE            830  24,999
RENAL CARE GROUP INC       COMM  759930100      $162    8,270   SH         SOLE          8,270       0
REPUBLIC GROUP INC         COMM  760473108       $42    2,760   SH         SOLE          2,760       0
REPUBLIC NEW YORK CORP.    COMM  760719104      $786   17,050   SH         SOLE            300  16,750
RESPIRONICS INC            COMM  761230101       $81    6,110   SH         SOLE          6,110       0
REYNOLDS METALS            COMM  761763101      $453    9,380   SH         SOLE            477   8,903
RICHFOOD HOLDING INC       COMM  763408101      $325   15,068   SH         SOLE          9,608   5,460
RIGGS NATIONAL CORP WASH   COMM  766570105      $214   12,706   SH         SOLE          5,966   6,740
RITE AID CORP.             COMM  767754104      $554   22,144   SH         SOLE            932  21,212
ROBBINS & MEYERS           COMM  770196103       $57    3,270   SH         SOLE          3,270       0
ROBERTS PHARMACEUTICAL     COMM  770491108      $218   10,515   SH         SOLE          6,625   3,890
ROCHE HOLDINGS LTD - ADR   COMM  771195104      $831    6,808   SH         SOLE          6,808       0
ROCKWELL INTL.             COMM  773903109    $1,039   24,486   SH         SOLE            856  23,630
ROHM & HASS CO             COMM  775371107      $699   20,816   SH         SOLE            320  20,496
ROLLINS TRUCK LEASING      COMM  775741101       $66    6,969   SH         SOLE          6,969       0
ROPER INDUSTRIES INC       COMM  776696106      $157    6,576   SH         SOLE          6,576       0
ROWAN COMPANIES INC        COMM  779382100      $132   10,377   SH         SOLE              0  10,377
ROYAL DUTCH PETROLEUM      COMM  780257804   $13,008  250,154   SH         SOLE         22,778 227,376
KONINKLIJKE KPN NV-ADR     COMM  780641205      $114    2,878   SH         SOLE          2,878       0
RUBY TUESDAY INC           COMM  781182100      $131    7,530   SH         SOLE          7,530       0
RUSS BERRIE & CO           COMM  782233100      $256    9,888   SH         SOLE          5,428   4,460
RUSSELL CORP               COMM  782352108       $76    3,773   SH         SOLE              0   3,773
RYDER SYSTEM INC.          COMM  783549108      $326   11,792   SH         SOLE            250  11,542
RYLAND GROUP INC           COMM  783764103      $114    4,489   SH         SOLE          4,489       0
SBC COMMUNICATIONS INC     COMM  78387G103   $14,492  307,121   SH         SOLE         24,694 282,427
SEI CORP                   COMM  784117103      $336    3,631   SH         SOLE          3,631       0
SLM HOLDING CORP           COMM  78442A109      $501   12,000   SH         SOLE            630  11,370
SPS TECHNOLOGIES INC.      COMM  784626103      $126    3,198   SH         SOLE          3,198       0
S&P500 DEPOSITORY RECEIPT  COMM  78462F103    $1,834   14,290   SH         SOLE          6,180   8,110
S3 INC                     COMM  784849101       $64    8,490   SH         SOLE          8,490       0
SAFECO CORP                COMM  786429100      $490   12,118   SH         SOLE            329  11,789
SAFESKIN CORP              COMM  786454108       $78   10,550   SH         SOLE         10,550       0
SAFEWAY INC                COMM  786514208    $2,262   44,090   SH         SOLE          2,280  41,810
ST JOHN KNITS INC          COMM  790289102      $111    4,203   SH         SOLE          4,203       0
ST JUDE MEDICAL INC        COMM  790849103      $205    8,419   SH         SOLE            467   7,952
ST MARY LAND/EXPLORATION   COMM  792228108       $70    4,020   SH         SOLE          4,020       0
ST PAUL BANCORP INC        COMM  792848103      $152    7,035   SH         SOLE          7,035       0
ST PAUL COMPANIES          COMM  792860108      $760   24,472   SH         SOLE            200  24,272
SANMINA CORP               COMM  800907107      $633    9,928   SH         SOLE          9,928       0
SANTA FE RESOURCES         COMM  802012104       $97   13,220   SH         SOLE         13,220       0
SARA LEE CORP              COMM  803111103    $2,654  107,224   SH         SOLE          5,140 102,084
SCHERING PLOUGH            COMM  806605101   $10,418  188,567   SH         SOLE         21,880 166,687
SCHLUMBERGER LTD.          COMM  806857108    $3,263   54,208   SH         SOLE          2,410  51,798
SCHWAB (CHARLES) CORP      COMM  808513105    $3,879   40,355   SH         SOLE          1,800  38,555
SCIENTIFIC - ATLANTA INC.  COMM  808655104      $282   10,353   SH         SOLE              0  10,353
SCOTT TECHNOLOGIES INC     COMM  810022301       $67    3,850   SH         SOLE          3,850       0
SCOTTS CO                  COMM  810186106      $167    4,479   SH         SOLE          4,479       0
SEAGATE TECHNOLOGY         COMM  811804103      $720   24,349   SH         SOLE            855  23,494
SEAGRAM CO LTD             COMM  811850106    $1,948   38,959   SH         SOLE              0  38,959
SEACOR HOLDINGS INC        COMM  811904101        $9      170   SH         SOLE              0     170
SEALED AIR CORP            COMM  81211K100      $499   10,138   SH         SOLE            205   9,933
SEARS ROEBUCK & CO.        COMM  812387108    $2,390   52,895   SH         SOLE         11,274  41,621
SEITEL INC                 COMM  816074306       $68    4,900   SH         SOLE          4,900       0
SELECTIVE INS GROUP INC    COMM  816300107       $82    4,678   SH         SOLE          4,678       0
SEMPRA ENERGY              COMM  816851109      $294   15,346   SH         SOLE            215  15,131
SERVICE CORP INTL          COMM  817565104      $410   28,791   SH         SOLE          1,282  27,509
SERVICE EXPERTS INC        COMM  817567100       $54    3,990   SH         SOLE          3,990       0
SHARED MEDICAL SYSTEMS     COMM  819486101      $212    3,808   SH         SOLE            190   3,618
SHERWIN WILLIAMS           COMM  824348106      $541   19,252   SH         SOLE            796  18,456
SHOPKO STORES, INC         COMM  824911101      $164    5,494   SH         SOLE          5,494       0
SHOREWOOD PACKAGING CORP   COMM  825229107      $108    5,483   SH         SOLE          5,483       0
SIERRA HEALTH SVCS INC     COMM  826322109       $69    5,341   SH         SOLE          5,341       0
SIERRA PACIFIC RESOURCES   COMM  826425100      $179    5,091   SH         SOLE          5,091       0
SIGMA ALDRICH CORP.        COMM  826552101      $292    9,974   SH         SOLE            498   9,476
SILICON GRAPHICS INC       COMM  827056102      $289   17,429   SH         SOLE            605  16,824
SILICON VALLEY BANCSHARES  COMM  827064106       $85    4,130   SH         SOLE          4,130       0
SKYLINE CORP               COMM  830830105      $202    7,290   SH         SOLE          3,030   4,260
SKYWEST INC                COMM  830879102      $140    4,850   SH         SOLE          4,850       0
SMITH A O                  COMM  831865209      $218   11,472   SH         SOLE          5,322   6,150
SMITHFIELD FOODS INC.      COMM  832248108       $90    3,980   SH         SOLE              0   3,980
SNAP-ON TOOLS CORP         COMM  833034101      $176    6,069   SH         SOLE              0   6,069
SNYDER OIL CORP.           COMM  833482102      $113    7,642   SH         SOLE          7,642       0
SOLA INTERNATIONAL         COMM  834092108       $66    5,471   SH         SOLE          5,471       0
SOLECTRON CORP             COMM  834182107    $1,086   22,370   SH         SOLE            780  21,590
SONAT INC                  COMM  835415100      $245    8,171   SH         SOLE            346   7,825
SOUTHERN COMPANY           COMM  842587107    $1,981   84,968   SH         SOLE          2,650  82,318
SOUTHTRUST CORP            COMM  844730101       $14      375   SH         SOLE              0     375
SOUTHWEST AIRLINES CO.     COMM  844741108      $865   28,610   SH         SOLE          1,851  26,759
SOUTHWEST GAS CORP         COMM  844895102      $143    5,209   SH         SOLE          5,209       0
SPACELABS MED INC          COMM  846247104       $51    3,060   SH         SOLE          3,060       0
SPEEDFAM INTL INC          COMM  847706108       $48    3,990   SH         SOLE          3,990       0
THE SPORTS AUTHORITY       COMM  849176102       $45    6,200   SH         SOLE          6,200       0
SPRINGS INDUSTRIES INC     COMM  851783100       $35    1,304   SH         SOLE              0   1,304
SPRINT CORP (FON GROUP)    COMM  852061100    $5,343   54,451   SH         SOLE          9,181  45,270
SPRINT CORP (PCS GROUP)    COMM  852061506    $1,598   36,056   SH         SOLE          1,760  34,296
STANDARD MOTOR PRODUCTS    COMM  853666105       $82    3,956   SH         SOLE          3,956       0
STANDARD PACIFIC CORP      COMM  85375C101       $81    6,320   SH         SOLE          6,320       0
STANDARD PRODS CO          COMM  853836104       $78    4,802   SH         SOLE          4,802       0
STANDEX INTERNATIONAL      COMM  854231107       $84    3,850   SH         SOLE          3,850       0
STANLEY WORKS              COMM  854616109      $229    8,951   SH         SOLE            260   8,691
STAPLES INC                COMM  855030102    $1,173   35,667   SH         SOLE          1,470  34,197
STATE STREET BOSTON        COMM  857477103    $1,419   17,258   SH         SOLE            870  16,388
STEIN MART                 COMM  858375108       $78    7,752   SH         SOLE          7,752       0
STERLING COMMERCE          COMM  859205106        $8      260   SH         SOLE              0     260
STILLWATER MINING          COMM  86074Q102      $185    7,017   SH         SOLE          7,017       0
STONE & WEBSTER INC        COMM  861572105      $110    4,830   SH         SOLE          4,830       0
STRIDE RITE CORP.          COMM  863314100       $89    7,270   SH         SOLE          7,270       0
STURM RUGER & CO INC       COMM  864159108       $41    4,086   SH         SOLE          4,086       0
SUMMIT BANCORP             COMM  866005101      $282    7,229   SH         SOLE            370   6,859
SUN MICROSYSTEMS INC       COMM  866810104    $8,833   70,632   SH         SOLE          6,133  64,499
SUNOCO INC                 COMM  86764P109      $909   25,208   SH         SOLE         15,700   9,508
SUNRISE MEDICAL INC        COMM  867910101       $29    4,641   SH         SOLE          4,641       0
SUNTRUST BANKS INC.        COMM  867914103    $1,701   27,323   SH         SOLE          1,275  26,048
SUPERIOR SERVICES INC      COMM  868316100      $120    6,070   SH         SOLE          6,070       0
SUPER VALU STORES INC.     COMM  868536103      $390   18,906   SH         SOLE          1,500  17,406
SUSQUEHANNA BANCSHARES     COMM  869099101      $222   12,065   SH         SOLE          5,475   6,590
SYNCOR INTL                COMM  87157J106       $74    2,650   SH         SOLE          2,650       0
SYNOVUS FINANCIAL CO       COMM  87161C105      $148    7,224   SH         SOLE            525   6,699
SYSCO CORP                 COMM  871829107    $1,162   44,166   SH         SOLE          2,108  42,058
TJ INTERNATIONAL INC       COMM  872534102      $102    4,214   SH         SOLE          4,214       0
TJX COMPANIES INC NEW      COMM  872540109    $1,198   35,222   SH         SOLE          1,180  34,042
TNP ENTERPRISES INC.       COMM  872594106       $97    3,370   SH         SOLE          3,370       0
TRW CORP                   COMM  872649108      $664   14,598   SH         SOLE            755  13,843
TANDY CORP.                COMM  875382103      $774   12,122   SH         SOLE            410  11,712
TECHNITROL                 COMM  878555101       $91    3,930   SH         SOLE          3,930       0
TECH SOLUTIONS             COMM  87872T108       $45    6,295   SH         SOLE          6,295       0
TEKTRONIX                  COMM  879131100      $136    5,389   SH         SOLE              0   5,389
TEL-SAVE HOLDINGS INC      COMM  879176105      $117   11,240   SH         SOLE         11,240       0
TELLABS INC                COMM  879664100    $2,007   20,527   SH         SOLE            816  19,711
TELXON CORP                COMM  879700102       $35    3,658   SH         SOLE          3,658       0
TEMPLE INLAND INC          COMM  879868107      $342    5,458   SH         SOLE            180   5,278
TENET HEALTHCARE CORP      COMM  88033G100      $430   22,725   SH         SOLE          1,303  21,422
TENNECO INC.               COMM  88037E101      $511   18,273   SH         SOLE            818  17,455
TETRA TECHNOLOGIES INC     COMM  88162G103      $111    5,260   SH         SOLE          5,260       0
TEXACO INC                 COMM  881694103    $6,421  113,139   SH         SOLE          2,112 111,027
TEXAS INDUSTRIES INC       COMM  882491103      $265   10,680   SH         SOLE          5,540   5,140
TEXAS INSTRUMENTS          COMM  882508104    $4,785   48,210   SH         SOLE          7,372  40,838
TEXAS UTILITIES            COMM  882848104    $1,112   26,471   SH         SOLE          1,451  25,020
TEXTRON INC.               COMM  883203101    $1,496   19,334   SH         SOLE            820  18,514
THERMO ELECTRON CORP       COMM  883556102      $172   12,646   SH         SOLE            552  12,094
THOMAS AND BETTS CORP.     COMM  884315102      $196    5,225   SH         SOLE            245   4,980
THOMAS INDUSTRIES          COMM  884425109       $62    3,300   SH         SOLE          3,300       0
THOR INDUSTRIES            COMM  885160101      $199    8,790   SH         SOLE          4,200   4,590
3COM CORPORATION           COMM  885535104      $853   36,570   SH         SOLE          1,423  35,147
TIMBERLAND                 COMM  887100105      $313    4,959   SH         SOLE          2,999   1,960
TIME WARNER, INC.          COMM  887315109   $13,371  188,829   SH         SOLE         14,720 174,109
TIMES MIRROR CO. SER A     COMM  887364107      $714   13,199   SH         SOLE            768  12,431
TIMKEN CO                  COMM  887389104       $85    5,234   SH         SOLE            350   4,884
TOLL BROTHERS INC          COMM  889478103      $123    6,795   SH         SOLE          6,795       0
TORCHMARK CORP             COMM  891027104      $446   14,105   SH         SOLE            350  13,755
TORO CO                    COMM  891092108      $120    3,829   SH         SOLE          3,829       0
TOYS-R-US                  COMM  892335100      $593   31,508   SH         SOLE          1,041  30,467
TRANSAMERICA CORP.         COMM  893485102    $1,899   26,742   SH         SOLE         10,020  16,722
TREDEGAR INDS INC          COMM  894650100      $228    7,384   SH         SOLE          7,384       0
TRENWICK GROUP INC         COMM  895290104       $87    3,107   SH         SOLE          3,107       0
TRIARC COS INC             COMM  895927101      $118    6,769   SH         SOLE          6,769       0
TRICON GLOBAL RESTAURANTS  COMM  895953107    $1,306   18,593   SH         SOLE              0  18,593
TRIBUNE CO.                COMM  896047107    $1,081   16,516   SH         SOLE          1,850  14,666
TRUE NORTH COMMUNICATIONS  COMM  897844106      $263    9,389   SH         SOLE          9,389       0
TRUSTCO BANK CORP NY       COMM  898349105      $111    4,448   SH         SOLE          4,448       0
TUBOSCOPE INC              COMM  898600101       $71    7,915   SH         SOLE          7,915       0
TUPPERWARE CORP            COMM  899896104      $131    7,274   SH         SOLE            371   6,903
TYCO INTL LTD              COMM  902124106    $6,193   86,307   SH         SOLE         12,378  73,929
UBS AG-SPONS ADR           COMM  90261R105      $496   32,014   SH         SOLE         32,014       0
UST CORP                   COMM  902900109      $192    8,790   SH         SOLE          8,790       0
USX - MARATHON             COMM  902905827      $932   33,899   SH         SOLE            996  32,903
UST INC.                   COMM  902911106      $518   19,829   SH         SOLE              0  19,829
US BANCORP                 COMM  902973106    $2,863   84,049   SH         SOLE          3,002  81,047
UNUM CORP                  COMM  903192102      $704   14,804   SH         SOLE            414  14,390
USX-US STEEL               COMM  90337T101      $202    8,616   SH         SOLE            423   8,193
ULTRATECH STEPPER          COMM  904034105       $69    4,860   SH         SOLE          4,860       0
UNILEVER N.V. - NY SHARES  COMM  904784501    $4,771   71,814   SH         SOLE          7,171  64,643
UNICOM CORPORATION         COMM  904911104      $819   22,410   SH         SOLE            782  21,628
UNION CAMP CORP.           COMM  905530101      $517    7,706   SH         SOLE            391   7,315
UNION CARBIDE CORP.        COMM  905581104      $687   15,201   SH         SOLE            546  14,655
UNION PACIFIC CORP         COMM  907818108    $1,396   26,117   SH         SOLE          1,103  25,014
UNION PACIFIC RES GRP      COMM  907834105      $262   22,084   SH         SOLE            381  21,703
UNION PLANTERS CORP        COMM  908068109      $493   11,210   SH         SOLE            610  10,600
UNISYS CORP.               COMM  909214108      $597   21,545   SH         SOLE          1,000  20,545
UNITED BANKSHARES INC      COMM  909907107      $172    7,520   SH         SOLE          7,520       0
UNITED HEALTHCARE CORP     COMM  910581107    $1,148   21,823   SH         SOLE          1,060  20,763
UNITED ILLUMINATING CO.    COMM  910637107      $137    3,271   SH         SOLE          3,271       0
US BIOSCIENCE INC          COMM  911646206       $54    4,940   SH         SOLE          4,940       0
US AIRWAYS GROUP INC       COMM  911905107      $502   10,279   SH         SOLE            453   9,826
US HOME CORP NEW           COMM  911920106      $247    7,578   SH         SOLE          3,868   3,710
U.S. WEST INC              COMM  91273H101    $2,858   51,899   SH         SOLE          2,375  49,524
US TRUST CORP              COMM  91288L105      $304    4,102   SH         SOLE          4,102       0
UNITED TECHNOLOGIES        COMM  913017109    $8,229   60,762   SH         SOLE          6,970  53,792
UNITED WATER RESOURCES     COMM  913190104      $117    5,660   SH         SOLE          5,660       0
UNITRODE CORP              COMM  913283107       $77    5,470   SH         SOLE          5,470       0
UNIVERSAL FOREST PRODUCTS  COMM  913543104       $84    4,080   SH         SOLE          4,080       0
UNIVERSAL HEALTH SCVS      COMM  913903100      $315    7,284   SH         SOLE          7,284       0
UNOCAL                     COMM  915289102      $997   27,049   SH         SOLE            722  26,327
U.S. FREIGHTWAYS CORP      COMM  916906100      $327    9,932   SH         SOLE          5,802   4,130
V.F. CORPORATION           COMM  918204108      $647   13,630   SH         SOLE            448  13,182
VLSI TECHNOLOGY INC.       COMM  918270109      $309   15,923   SH         SOLE          9,613   6,310
VALASSIS COMMUNICATIONS    COMM  918866104      $392    7,572   SH         SOLE          7,572       0
VALMONT INDUSTRIES INC     COMM  920253101       $69    4,980   SH         SOLE          4,980       0
VANTIVE CORP               COMM  922091103       $69    5,680   SH         SOLE          5,680       0
VERTEX PHARMACEUTICALS     COMM  92532F100      $149    5,902   SH         SOLE          5,902       0
VIACOM INC CLASS B         COMM  925524308    $3,638   43,342   SH         SOLE          7,380  35,962
VICOR CORP                 COMM  925815102      $104    8,359   SH         SOLE          8,359       0
VINTAGE PETROLEUM INC      COMM  927460105      $102   11,326   SH         SOLE         11,326       0
VISX INC DEL               COMM  92844S105      $654    6,082   SH         SOLE          6,082       0
VITAL SIGNS INC            COMM  928469105       $53    2,923   SH         SOLE          2,923       0
VITESSE SEMICONDUCTOR      COMM  928497106      $727   14,368   SH         SOLE         14,368       0
VOLT INFO SCIENCES         COMM  928703107       $61    3,710   SH         SOLE          3,710       0
WD-40 CO                   COMM  929236107      $118    4,060   SH         SOLE          4,060       0
WHX CORP                   COMM  929248102       $42    5,354   SH         SOLE          5,354       0
WICOR INC                  COMM  929253102      $252   12,460   SH         SOLE          4,930   7,530
WABASH NATIONAL CORP       COMM  929566107       $70    6,050   SH         SOLE          6,050       0
WACHOVIA CORP              COMM  929771103    $1,757   21,642   SH         SOLE          1,082  20,560
WAL-MART                   COMM  931142103   $29,414  319,070   SH         SOLE         29,539 289,531
WALGREEN CO                COMM  931422109    $4,287  151,741   SH         SOLE          4,336 147,405
WALL DATA INC              COMM  932045107       $33    2,290   SH         SOLE          2,290       0
WARNER LAMBERT             COMM  934488107    $6,163   93,025   SH         SOLE         11,432  81,593
WASHINGTON MUTUAL SAVINGS  COMM  939322103    $3,360   82,194   SH         SOLE          2,781  79,413
WASTE MANAGEMENT INC       COMM  94106L109    $2,565   57,795   SH         SOLE          2,353  55,442
WATKINS JOHNSON CO.        COMM  942486101       $72    3,170   SH         SOLE          3,170       0
WATSCO INC                 COMM  942622200       $80    5,465   SH         SOLE          5,465       0
WATSON PHARMACEUTICALS     COMM  942683103       $21      472   SH         SOLE              0     472
WELLS FARGO COMPANY        COMM  949746101    $7,337  209,256   SH         SOLE         23,164 186,092
WENDY'S INTERNATIONAL      COMM  950590109      $516   18,159   SH         SOLE              0  18,159
WERNER ENTERPRISES, INC.   COMM  950755108      $133    8,448   SH         SOLE          8,448       0
WESTVACO CORP              COMM  961548104      $205    9,744   SH         SOLE            206   9,538
WESTWOOD ONE INC           COMM  961815107      $186    6,520   SH         SOLE          6,520       0
WEYERHAEUSER CO.           COMM  962166104    $1,288   23,212   SH         SOLE            834  22,378
WHIRLPOOL                  COMM  963320106      $427    7,858   SH         SOLE            414   7,444
WHITNEY HOLDING CORP       COMM  966612103      $221    5,988   SH         SOLE          5,988       0
WHITTAKER CORP             COMM  966680407       $60    2,740   SH         SOLE          2,740       0
WHITTMAN-HART              COMM  966834103      $214    9,970   SH         SOLE          9,970       0
WHOLE FOODS MARKET INC     COMM  966837106      $207    6,029   SH         SOLE          6,029       0
WILLAMETTE INDUSTRIES      COMM  969133107      $459   12,161   SH         SOLE            146  12,015
WILLIAMS COS. INC.         COMM  969457100    $1,419   35,913   SH         SOLE          1,410  34,503
WILLIAMS SONOMA INC        COMM  969904101      $311   11,018   SH         SOLE         11,018       0
WINN DIXIE STORES          COMM  974280109      $564   15,080   SH         SOLE            880  14,200
WINNEBAGO INDS INC         COMM  974637100       $71    5,090   SH         SOLE          5,090       0
WOLTERS KLUWER NV-ADR      COMM  977874205       $88      490   SH         SOLE            490       0
WOLVERINE TUBE INC         COMM  978093102       $81    3,825   SH         SOLE          3,825       0
WOLVERINE WORLD WIDE INC   COMM  978097103       $76    8,038   SH         SOLE          8,038       0
WORLD COLOR PRESS INC      COMM  981443104      $275   12,960   SH         SOLE          8,040   4,920
WORTHINGTON INDUSTRIES     COMM  981811102      $156   13,260   SH         SOLE              0  13,260
WRIGLEY, WM. JR. CO.       COMM  982526105    $1,867   20,639   SH         SOLE          7,575  13,064
WYNNS INTERNATIONAL INC.   COMM  983195108       $69    3,930   SH         SOLE          3,930       0
XIRCOM INC                 COMM  983922105      $121    4,800   SH         SOLE          4,800       0
XEROX                      COMM  984121103    $6,248  119,859   SH         SOLE         12,402 107,457
XYLAN CORP                 COMM  984151100      $326    8,860   SH         SOLE          8,860       0
YELLOW CORP                COMM  985509108      $103    5,916   SH         SOLE          5,916       0
ZALE CORP                  COMM  988858106      $385   11,270   SH         SOLE          7,500   3,770
ZEBRA TECH CL A            COMM  989207105      $154    6,466   SH         SOLE          6,466       0
ZENITH                     COMM  989390109      $103    4,218   SH         SOLE          4,218       0
ZIONS BANCORPORATION       COMM  989701107       $15      220   SH         SOLE              0     220

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