UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: National Rural Electric Cooperative Association
Address: 4301 Wilson Blvd.
RSI8-305
Arlington, VA 22209
Form 13F File Number:
The institutional investment manager filing this report and
the persons by whom it is signed hereby represent that the
person signing the report is authorized to submit item 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: Peter R. Morris
Title: Executive Director, Investments
Phone: (703) 907-6030
Signature, Place, and Date of Signing:
Peter R. Morris Arlington, VA August 14, 2000
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 report by other reporting manager(s). )
[ ] 13F COMBINATION REPORT. (Check here if all holdings of this
reporting manager are reported in this report and a portion are
reported by other reporting manager (s). )
I am signing this report as required by the Securities and
Exchange Act of 1934.
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 71
Form 13F Information Table Value Total: $ 1,243,541
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with
respect to which this report is filed, other than the
manager filing this report.
NONE
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHRS OR SH/ PUT INV OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CL CUSIP (X$1000) PRN AMT PRN CALL DISCR MGRS SOLE SHARED NONE
ALBERTO CULVER A COM 013068200 1076 41000 SH SOLE 41000
ALCAN ALUMINUM COM 013716105 10273 331400 SH SOLE 331400
ALLSTATE CORP COM 020002101 29633 1331799 SH SOLE 1331799
AMERICAN HOME PRODUCTS COM 026609107 19452 331100 SH SOLE 331100
APPLIED INDUSTRIAL TECHNOLOGY COM 03820C105 27933 1705855 SH SOLE 1705855
AVERY DENNISON CORP COM 053611109 30220 450200 SH SOLE 450200
BB&T CORP COM 054937107 15695 657400 SH SOLE 657400
BP AMOCO PLC COM 055622104 35157 621560 SH SOLE 621560
BAKER HUGHES INC COM 057224107 30893 965400 SH SOLE 965400
BANK ONE CORP COM 06423A103 29816 1122484 SH SOLE 1122484
BANKAMERICA COM 06605F102 26934 626380 SH SOLE 626380
BANTA CORP COM 066821109 1381 72900 SH SOLE 72900
BELLSOUTH CORP COM 079860102 24083 565000 SH SOLE 565000
BEMIS INC COM 081437105 34866 1036900 SH SOLE 1036900
BRINKER INTL INC COM 109641100 24046 822100 SH SOLE 822100
CBRL GROUP INC COM 12489V106 1138 77500 SH SOLE 77500
CARLISLE COS INC COM 142339100 2664 59200 SH SOLE 59200
CHARMING SHOPPES INC COM 161133103 29022 5697500 SH SOLE 5697500
CHASE MANHATTAN CORP COM 16161A108 43612 946800 SH SOLE 946800
CHEVRON CORP COM 166751107 23612 278400 SH SOLE 278400
CHUBB CORP COM 171232101 28782 468000 SH SOLE 468000
CITIGROUP INC COM 172967101 40925 679250 SH SOLE 679250
CLAIRES STORES COM 179584107 770 40000 SH SOLE 40000
CLARCOR INC COM 179895107 1976 99400 SH SOLE 99400
COMMERCE BANCSHARES INC COM 200525103 32487 1091987 SH SOLE 1091987
CONCORD EFS INC COM 206197105 7007 269500 SH SOLE 269500
COOPER TIRE & RUBBER CO COM 216831107 16653 1496900 SH SOLE 1496900
DILLARDS INC COM 254067101 16149 1318300 SH SOLE 1318300
DONNELLY RR & SONS COM 257867101 33402 1480400 SH SOLE 1480400
EASTMAN KODAK CO COM 277461109 25008 420300 SH SOLE 420300
EL PASO ENERGY CORP COM 283905107 15602 306300 SH SOLE 306300
FLOWSERVE COM 34354P105 16948 1125188 SH SOLE 1125188
GENUINE PARTS CO COM 372460105 21148 1057400 SH SOLE 1057400
HALLIBURTON CO COM 406216101 40213 852200 SH SOLE 852200
HELEMERICH & PAYNE INC COM 423452101 2758 73800 SH SOLE 73800
HONEYWELL INTL INC COM 438516106 2089 62000 SH SOLE 62000
HUGHES SUPPLY INC COM 444482103 25935 1313175 SH SOLE 1313175
INTERNATIONAL PAPER CO COM 460146103 12384 415400 SH SOLE 415400
JUNO LIGHTING INC COM 482047107 506 84309 SH SOLE 84309
KMART CORP COM 482584109 19688 2890000 SH SOLE 2890000
KMART FINANCING I PFD 7.75% PREFERRED 498778208 1458 40000 SH SOLE 40000
LEGG MASON INC COM 524901105 3919 78370 SH SOLE 78370
LONESTAR STEAKHOUSE COM 542307103 1305 128900 SH SOLE 128900
LONGS DRUG STORES CORP COM 543162101 20956 963500 SH SOLE 963500
LYDALL INC COM 550819106 1246 117300 SH SOLE 117300
MANITOWOC INC COM 563571108 2752 102875 SH SOLE 102875
MAY DEPARTMENT STORES CO COM 577778103 14868 619500 SH SOLE 619500
MAYTAG CORP COM 578592107 22143 600500 SH SOLE 600500
NORTHEAST UTILITIES COM 664397106 953 43800 SH SOLE 43800
OHIO CASUALTY CORP COM 677240103 5695 536000 SH SOLE 536000
ONEIDA LIMITED COM 682505102 25269 1423640 SH SOLE 1423640
PACTIV COM 695257105 8785 1115500 SH SOLE 1115500
PARKER HANNIFIN CORP COM 701094104 14991 437700 SH SOLE 437700
PHARMACIA & UPJOHN COM 71713U102 24296 470050 SH SOLE 470050
POPE & TALBOT INC COM 732827100 2822 176400 SH SOLE 176400
QUESTAR CORP COM 748356102 30419 1570000 SH SOLE 1570000
REGAL BELOIT CORP COM 758750103 683 42500 SH SOLE 42500
RUDDICK CORP COM 781258108 23002 1947300 SH SOLE 1947300
SMITHKLINE BEECHAM PLC ADR COM 832378301 31499 483200 SH SOLE 483200
SMUCKER JM CO CL A COM 832696108 7671 398500 SH SOLE 398500
SMUCKER JM CO CL B COM 832696207 18578 990800 SH SOLE 990800
SOUTHWEST AIRLINES CO COM 844741108 45315 2392862 SH SOLE 2392862
STANDEX INTERNATIONAL CORP COM 854231107 10524 662900 SH SOLE 662900
SUPERIOR SURGICAL MFG INC COM 868358102 2781 320100 SH SOLE 320100
TENNECO AUTOMOTIVE INC COM 880349105 1171 223100 SH SOLE 223100
TEXACO INC COM 881694103 25347 476000 SH SOLE 476000
UMB FINANCIAL CORP COM 902788108 26066 794395 SH SOLE 794395
VALLEY NATIONAL BANCORP COM 919794107 204 8400 SH SOLE 8400
WENDY'S INTERNATIONAL INC COM 950590109 34784 1952800 SH SOLE 1952800
WISCONSIN CENTRAL TRANSPORT CORP COM 976592105 423 32500 SH SOLE 32500
XEROX CORP COM 984121103 22825 1100000 SH SOLE 1100000
</TABLE>
