UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 November 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: $ 1,260,577
(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
ABBOTT LABS COM 002824100 13460 283000 SH SOLE 283000
ALBERTO CULVER A COM 013068200 1028 41000 SH SOLE 41000
ALCAN ALUMINUM COM 013716105 7177 248000 SH SOLE 248000
ALLSTATE CORP COM 020002101 46280 1331799 SH SOLE 1331799
AMERICAN HOME PRODUCTS COM 026609107 18728 331100 SH SOLE 331100
APPLIED INDUSTRIAL TECHNOLOGY COM 03820C105 25897 1495855 SH SOLE 1495855
AVERY DENNISON CORP COM 053611109 25052 540200 SH SOLE 540200
BB&T CORP COM 054937107 19804 657400 SH SOLE 657400
BP AMOCO PLC COM 055622104 32943 621560 SH SOLE 621560
BAKER HUGHES INC COM 057224107 24057 648000 SH SOLE 648000
BANK ONE CORP COM 06423A103 40845 1057484 SH SOLE 1057484
BANKAMERICA COM 06605F102 32807 626380 SH SOLE 626380
BANTA CORP COM 066821109 1777 72900 SH SOLE 72900
BELLSOUTH CORP COM 079860102 22741 565000 SH SOLE 565000
BEMIS INC COM 081437105 34756 1081900 SH SOLE 1081900
BRINKER INTL INC COM 109641100 24766 822100 SH SOLE 822100
CBRL GROUP INC COM 12489V106 1114 77500 SH SOLE 77500
CARLISLE COS INC COM 142339100 2457 59200 SH SOLE 59200
CHARMING SHOPPES INC COM 161133103 29734 5697500 SH SOLE 5697500
CHASE MANHATTAN CORP COM 16161A108 43730 946800 SH SOLE 946800
CHEVRON CORP COM 166751107 28849 338400 SH SOLE 338400
CHUBB CORP COM 171232101 37031 468000 SH SOLE 468000
CITIGROUP INC COM 172967101 45176 835630 SH SOLE 835630
CLAIRES STORES COM 179584107 720 40000 SH SOLE 40000
CLARCOR INC COM 179895107 1983 99400 SH SOLE 99400
COMMERCE BANCSHARES INC COM 200525103 34180 928487 SH SOLE 928487
CONCORD EFS INC COM 206197105 9571 269500 SH SOLE 269500
COOPER TIRE & RUBBER CO COM 216831107 15063 1496900 SH SOLE 1496900
DILLARDS INC COM 254067101 14007 1318300 SH SOLE 1318300
DONNELLY RR & SONS COM 257867101 36362 1480400 SH SOLE 1480400
EASTMAN KODAK CO COM 277461109 17180 420300 SH SOLE 420300
EL PASO ENERGY CORP COM 283905107 11968 194200 SH SOLE 194200
FLOWSERVE COM 34354P105 18495 1125188 SH SOLE 1125188
GENUINE PARTS CO COM 372460105 24713 1296400 SH SOLE 1296400
HALLIBURTON CO COM 406216101 32015 654200 SH SOLE 654200
HELEMERICH & PAYNE INC COM 423452101 2666 73800 SH SOLE 73800
HONEYWELL INTL INC COM 438516106 3990 112000 SH SOLE 112000
HUGHES SUPPLY INC COM 444482103 25764 1313175 SH SOLE 1313175
INTERNATIONAL PAPER CO COM 460146103 5445 189800 SH SOLE 189800
JUNO LIGHTING INC COM 482047107 302 55570 SH SOLE 55570
KMART CORP COM 482584109 17340 2890000 SH SOLE 2890000
KMART FINANCING I PFD 7.75% PREFERRED 498778208 1245 40000 SH SOLE 40000
LEGG MASON INC COM 524901105 3974 68370 SH SOLE 68370
LONESTAR STEAKHOUSE COM 542307103 951 128900 SH SOLE 128900
LONGS DRUG STORES CORP COM 543162101 18427 963500 SH SOLE 963500
LYDALL INC COM 550819106 1342 117300 SH SOLE 117300
MANITOWOC INC COM 563571108 1980 102875 SH SOLE 102875
MAY DEPARTMENT STORES CO COM 577778103 12700 619500 SH SOLE 619500
MAYTAG CORP COM 578592107 25477 820200 SH SOLE 820200
NORTHEAST UTILITIES COM 664397106 950 43800 SH SOLE 43800
OHIO CASUALTY CORP COM 677240103 3400 536000 SH SOLE 536000
ONEIDA LIMITED COM 682505102 19753 1423640 SH SOLE 1423640
PACTIV COM 695257105 12815 1145500 SH SOLE 1145500
PARKER HANNIFIN CORP COM 701094104 18147 537700 SH SOLE 537700
PHARMACIA & UPJOHN COM 71713U102 8092 134450 SH SOLE 134450
POPE & TALBOT INC COM 732827100 2111 147500 SH SOLE 147500
QUESTAR CORP COM 748356102 34012 1222900 SH SOLE 1222900
REGAL BELOIT CORP COM 758750103 721 42500 SH SOLE 42500
RUDDICK CORP COM 781258108 27019 1947300 SH SOLE 1947300
SMITHKLINE BEECHAM PLC ADR COM 832378301 33160 483200 SH SOLE 483200
SMUCKER JM CO COM 832696306 33029 1358500 SH SOLE 1358500
SOUTHWEST AIRLINES CO COM 844741108 42000 1731962 SH SOLE 1731962
STANDEX INTERNATIONAL CORP COM 854231107 8397 434800 SH SOLE 434800
SUPERIOR SURGICAL MFG INC COM 868358102 1646 217600 SH SOLE 217600
TENNECO AUTOMOTIVE INC COM 880349105 1157 223100 SH SOLE 223100
TEXACO INC COM 881694103 30765 586000 SH SOLE 586000
UMB FINANCIAL CORP COM 902788108 29591 794395 SH SOLE 794395
VALLEY NATIONAL BANCORP COM 919794107 229 8400 SH SOLE 8400
WENDY'S INTERNATIONAL INC COM 950590109 39178 1952800 SH SOLE 1952800
WISCONSIN CENTRAL TRANSPORT CORP COM 976592105 555 52500 SH SOLE 52500
XEROX CORP COM 984121103 18376 1220000 SH SOLE 1220000
</TABLE>
