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, 1999 "
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: Fisher Investments, Inc. "
Address: 13100 Skyline Blvd.
" Woodside, CA 94062 "
13F File Number: 28-2499__
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: Andrew Teufel
Title: Dir. Research
Phone: 650-851-3334_
"Signature, Place, and Date of Signing: "
"Andrew Teufel__ Woodside, CA____ August 9, 1999__ "
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 264
"Form 13F Information Table Value Total: $3,297,717 "
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C> <C> <C> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AAR CORP COM 000361105 17633 777225 SH DEFINED 619225 0 158000
AT&T CORP COM 001957109 50062 896964 SH DEFINED 896452 0 512
ABB AB SPONSORED ADR COM 00256Q103 12879 945235 SH SOLE 945235 0 0
ABBOTT LABORATORIES COM 002824100 12632 278390 SH SOLE 278390 0 0
AIRBORNE FGHT CORP COM COM 009266107 14220 513600 SH DEFINED 405000 0 108600
AB ELECTROLUX S ADR COM 010198208 825 19650 SH SOLE 19650 0 0
AKZO NOBEL N.V. SPONSORED ADRS COM 010199305 401 9470 SH SOLE 9470 0 0
ALASKA AIR GROUP INC COM 011659109 10367 248300 SH DEFINED 182600 0 65700
ALBERTO CULVER CO CL B COM 013068101 14457 543000 SH DEFINED 429000 0 114000
ALCATEL SPON ADRS REP 013904305 19923 702121 SH DEFINED 701396 0 725
ALLSTATE CORPORATION COM 020002101 261 7280 SH SOLE 7280 0 0
AMERICAN EXPRESS CO COM 025816109 910 6992 SH SOLE 6992 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 36531 636700 SH DEFINED 636224 0 476
AMERICAN INTL GROUP INC COM 026874107 48848 416614 SH DEFINED 415889 0 725
AMERITECH CORP (NEW) COM 030954101 941 12800 SH SOLE 12800 0 0
AMGEN INC COM 031162100 429 7048 SH SOLE 7048 0 0
ANIXTER INTL INC COM 035290105 14554 797500 SH DEFINED 641400 0 156100
ARVIN INDUSTRIES INC COM 043339100 13917 367450 SH DEFINED 292850 0 74600
ASTRAZENECA PLC COM 046353108 12711 324361 SH SOLE 324361 0 0
ATLANTIC RICHFIELD CO COM 048825103 201 2400 SH SOLE 2400 0 0
AVISTA CORP COM 05379B107 10894 670400 SH DEFINED 527900 0 142500
AVNET INC COM 053807103 2934 63100 SH SOLE 63100 0 0
AXA SA SPONSORED ADR COM 054536107 13905 223149 SH DEFINED 222999 0 150
AZTAR CORP COM 054802103 10946 1191400 SH SOLE 1191400 0 0
BJ'S WHOLESALE CLUB INC COM 05548J106 14415 479500 SH DEFINED 384900 0 94600
BP AMOCO PLC SPONSERED ADRS COM 055622104 811 7476 SH SOLE 7476 0 0
BANCO BILBAO VIZCAYA ADR COM 059458208 21311 1457186 SH DEFINED 1454436 0 2750
BANCO SANTANDER SA COM 05964H105 117 11056 SH SOLE 11056 0 0
BANK OF AMERICA CORP COM 060505104 49238 671620 SH DEFINED 670920 0 700
BANK ONE CORP (NEW) COM 06423A103 940 15783 SH SOLE 15783 0 0
BANK OF TOKYO MITSUBISHI TR CO SPONSORED ADR 065379109 33630 2309361 SH DEFINED 2305061 0 4300
BAY VIEW CAPITAL CORP DEL COM 07262L101 14091 687350 SH DEFINED 540950 0 146400
BELL ATLANTIC CORP COM 077853109 51047 780834 SH DEFINED 780134 0 700
BELLSOUTH CORP COM 079860102 45525 986991 SH DEFINED 986191 0 800
BENGUET CORP CLASS B COM 081851206 3 17700 SH SOLE 17700 0 0
BERGEN BRUNSWIG CORP CL A COM 083739102 12377 717528 SH DEFINED 563528 0 154000
BERKSHIRE HATHAWAY INC CV CL A COM 084670108 276 4 SH SOLE 4 0 0
BERKSHIRE HATHAWAY INC CLASS B 084670207 35887 16021 SH DEFINED 15994 0 27
BIO RAD LABS INC COM 090572207 10609 406100 SH DEFINED 319500 0 86600
BLACK & DECKER MFG CO COM 091797100 1149 18200 SH SOLE 18200 0 0
BORG WARNER AUTOMOTIVE INC COM 099724106 13068 237600 SH DEFINED 186800 0 50800
BOREL BANK & TRUST SAN MATEO COM 09972F101 2137 128520 SH DEFINED 65000 0 63520
BOWNE & CO INC COM 103043105 11492 859200 SH DEFINED 676000 0 183200
BRINKER INTERNATIONAL INC COM 109641100 12851 467300 SH DEFINED 398400 0 68900
BRISTOL-MYERS SQUIBB CO COM 110122108 54837 780595 SH DEFINED 780107 0 488
BRUNSWICK CORP COM 117043109 1065 38200 SH SOLE 38200 0 0
BURLINGTON COAT FACTORY WHSE COM 121579106 4642 240360 SH DEFINED 101660 0 138700
CIGNA CORP COM 125509109 1090 12242 SH SOLE 12242 0 0
CALIFORNIA WTR SVC GRP CA COM 130788102 8203 314000 SH DEFINED 226100 0 87900
CHARTER ONE FINANCIAL COM 160903100 420 15099 SH SOLE 15099 0 0
CHASE MANHATTAN CORP COM 16161A108 210 2425 SH SOLE 2425 0 0
CHESAPEAKE CORP COM 165159104 11418 305000 SH DEFINED 256100 0 48900
CHEVRON CORP COM 166751107 680 7150 SH SOLE 7150 0 0
CIBER INC. COM 17163B102 424 22180 SH SOLE 22180 0 0
CISCO SYSTEMS INC COM 17275R102 62147 964461 SH DEFINED 963911 0 550
CITIGROUP INC COM 172967101 56679 1193247 SH DEFINED 1191597 0 1650
CIVIC BANCORP COM 178788105 2219 157064 SH SOLE 157064 0 0
CLEVELAND-CLIFFS INC COM 185896107 9653 298150 SH DEFINED 234250 0 63900
CLOROX CO COM 189054109 911 8526 SH SOLE 8526 0 0
COASTAL CORP COM 190441105 934 23200 SH SOLE 23200 0 0
COCA-COLA COMPANY COM 191216100 43875 707653 SH DEFINED 707253 0 400
COMMERCIAL METALS CO COM 201723103 11436 401250 SH DEFINED 300750 0 100500
COMPUTER ASSOCIATES INTL INC COM 204912109 1243 22703 SH SOLE 22703 0 0
CONSOLIDATED POWER BATTERY CORP 209952100 9 14200 SH SOLE 14200 0 0
CONSTELLATION ENERGY CORP COM 210371100 868 29300 SH SOLE 29300 0 0
CORDANT TECHNOLOGIES INC COM 218412104 9765 216100 SH DEFINED 162100 0 54000
CYPRUS AMAX MINERALS COS COM 232809103 14186 930250 SH DEFINED 737850 0 192400
DAMSON OIL CORPORATION COM 235766102 0 1463880 SH SOLE 1463880 0 0
DAYTON-HUDSON CORPORATION COM 239753106 491 7550 SH SOLE 7550 0 0
DELL COMPUTER CORP COM 247025109 39660 1071885 SH DEFINED 1069985 0 1900
"DELTA AIR LINES, INC COM 247361108 980 17000 SH SOLE 17000 0 0"
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 27878 659842 SH DEFINED 659642 0 200
DILLARD'S INC COM 254067101 713 20300 SH SOLE 20300 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 319 10350 SH SOLE 10350 0 0
DOW CHEMICAL CO COM 260543103 603 4750 SH SOLE 4750 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 370 5421 SH SOLE 5421 0 0
EASTERN ENTERPRISES COM 27637F100 5251 132100 SH DEFINED 128600 0 3500
ELF AQUITAINE SPONSORED ADR COM 286269105 17299 235165 SH DEFINED 234665 0 500
ENDESA SA SPONSORED ADRS COM 29258N107 18426 867095 SH DEFINED 866495 0 600
EQUITY INVT FUND UT SEL-10 98-B 294714APT 0 45706 SH SOLE 45706 0 0
ERICSSON L M TEL CO COM 294821400 28184 855668 SH DEFINED 855068 0 600
EXXON CORPORATION COM 302290101 48564 629673 SH DEFINED 628773 0 900
FAMILY DLR STORES INC COM 307000109 12763 531800 SH DEFINED 449500 0 82300
FDX CORP COM 31304N107 1367 25200 SH SOLE 25200 0 0
FEDERAL HM LOAN MORTGAGE CORP COM 313400301 212 3650 SH SOLE 3650 0 0
FANNIE MAE COM 313586109 23759 348116 SH DEFINED 347716 0 400
FIAT S P A SPONSORED ADR 315621607 26172 1623095 SH DEFINED 1620425 0 2670
FIRST AMERN FINL CORP CALIF COM 318522307 13907 778000 SH DEFINED 611300 0 166700
FIRST REPUBLIC BANK COM 336158100 11274 389600 SH DEFINED 294100 0 95500
FIRST UNION CORP COM 337358105 352 7463 SH SOLE 7463 0 0
FLEETWOOD ENTERPRISES INC COM 339099103 14689 555600 SH DEFINED 439000 0 116600
FLUOR CORPORATION COM 343861100 672 16600 SH SOLE 16600 0 0
FORD MOTOR COMPANY COM 345370100 20736 367418 SH DEFINED 367218 0 200
FORT JAMES CORP COM 347471104 886 23400 SH SOLE 23400 0 0
FRANKLIN RESOURCES INC COM 354613101 442 10880 SH SOLE 10880 0 0
FUJI PHOTO FILM LTD ADR 2 ORD COM 359586302 25049 659173 SH DEFINED 658423 0 750
FULLER H B CO COM 359694106 13866 202800 SH DEFINED 170000 0 32800
FURON CO COM 361106107 12139 638900 SH DEFINED 506700 0 132200
GTE CORP COM 362320103 7167 94921 SH SOLE 94921 0 0
GENERAL ELECTRIC CO COM 369604103 60673 536929 SH DEFINED 536354 0 575
GENERAL MILLS INCORPORATED COM 370334104 518 6450 SH SOLE 6450 0 0
GENESCO INC COM 371532102 5988 411200 SH DEFINED 400000 0 11200
GEO PETROLEUM INC COM 37246F102 1 12900 SH SOLE 12900 0 0
GIBRALTAR FINL CORP COM 374658102 1 10000 SH SOLE 10000 0 0
GILLETTE COMPANY COM 375766102 361 8814 SH SOLE 8814 0 0
GOODYEAR TIRE & RUBBER COMPANY COM 382550101 300 5100 SH SOLE 5100 0 0
GRANITE CONSTRUCTION INC COM 387328107 15284 521425 SH DEFINED 419325 0 102100
GREATER BAY BANCORP COM 391648102 1622 48796 SH DEFINED 0 0 48796
GUIDANT CORP COM 401698105 240 4692 SH SOLE 4692 0 0
GYMBOREE CORP COM 403777105 9870 940000 SH DEFINED 735000 0 205000
HANNAFORD BROS CO COM 410550107 835 15600 SH SOLE 15600 0 0
"HARMAN INTERNATIONAL INDS.,INC COM 413086109 11158 253600 SH DEFINED 209300 0 44300"
HARRIS CORP DEL COM 413875105 1673 42700 SH SOLE 42700 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 251 4300 SH SOLE 4300 0 0
HELMERICH & PAYNE COM 423452101 13936 589900 SH DEFINED 472700 0 117200
HEWLETT-PACKARD CO COM 428236103 1986 19764 SH DEFINED 19614 0 150
HITACHI LTD ADR COM 433578507 30168 319447 SH DEFINED 319247 0 200
HOECHST AG-SPONSORED ADR COM 434390308 7689 167143 SH SOLE 167143 0 0
HOME DEPOT INC COM 437076102 34100 529190 SH DEFINED 528190 0 1000
HONDA MOTOR LTD ADR COM 438128308 980 11300 SH SOLE 11300 0 0
HORMEL FOODS CORP COM 440452100 2121 52700 SH SOLE 52700 0 0
HOTCHKIS AND WILEY INTL FUND FUND 441346400 537 20865 SH SOLE 20865 0 0
HOUSEHOLD INTL INC COM 441815107 475 10027 SH SOLE 10027 0 0
HUMANA INC COM 444859102 635 49100 SH SOLE 49100 0 0
UNTS HUTTON TEL TR 1ST TAX FREE EXCH447900101 287 48600 SH SOLE 48600 0 0
IMATRON INC COM 452906100 22 15000 SH SOLE 15000 0 0
ING GROEP NV ADR F SPONSORED ADR 456837103 13825 251361 SH DEFINED 251011 0 350
INGERSOLL RAND CO COM 456866102 1163 18000 SH SOLE 18000 0 0
INTEL CORP COM 458140100 54057 908520 SH DEFINED 907520 0 1000
INTERFACE INC CL A COM 458665106 11307 1311000 SH DEFINED 995700 0 315300
INTERNATIONAL BUSINESS MACHINE COM 459200101 70796 547746 SH DEFINED 547296 0 450
INVACARE CORP COM 461203101 10494 392300 SH DEFINED 308300 0 84000
ISTITUTO BANCARIO SAN PAOLO DI TORION-MOBILIARE 465224103 24251 881861 SH DEFINED 881170 0 691
JOHNSON & JOHNSON COM 478160104 50436 514651 SH DEFINED 513901 0 750
JOHNSON CONTROLS COM 478366107 1054 15200 SH SOLE 15200 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 13189 530200 SH DEFINED 416600 0 113600
KELLWOOD CO COM 488044108 11913 439200 SH DEFINED 339900 0 99300
KELLY SERVICES INC CLASS A COM 488152208 15494 482300 SH DEFINED 378600 0 103700
KEYCORP (NEW) COM 493267108 502 15622 SH SOLE 15622 0 0
KONINKLIJKE PHILIPS ADR (NEW) COM 500472204 29305 290509 SH DEFINED 290187 0 322
KULICKE & SOFFA INDS COM 501242101 16455 613700 SH DEFINED 484800 0 128900
LAZARD FUNDS INC INTL EQ PORTFO52106N400 249 15532 SH SOLE 15532 0 0
LEHMAN BROTHERS HOLDINGS INC COM 524908100 1634 26300 SH SOLE 26300 0 0
LIGHTWAVE CABLEVISION SYS INC COM 532266103 0 10000 SH SOLE 10000 0 0
LILLY ELI & COMPANY COM 532457108 39224 547635 SH DEFINED 546735 0 900
LIMITED INC COM 532716107 1171 25800 SH SOLE 25800 0 0
LITTON INDS INC COM 538021106 931 12900 SH SOLE 12900 0 0
LONGS DRUG STORES INCORPORATED COM 543162101 13573 392700 SH DEFINED 307900 0 84800
LUCENT TECHNOLOGIES COM 549463107 62303 923867 SH DEFINED 923017 0 850
MCN ENERGY GROUP INC COM 55267J100 386 18600 SH SOLE 18600 0 0
MCI WORLDCOM INC COM 55268B106 51759 601415 SH DEFINED 600565 0 850
MARSHALL INDS COM 572393106 19834 551900 SH DEFINED 421400 0 130500
MATSUSHITA ELEC INDL SPONSORED ADR 576879209 20748 104623 SH DEFINED 104548 0 75
MCKESSON HBOC INC COM 58155Q103 814 25300 SH SOLE 25300 0 0
MERCK & CO INC COM 589331107 49704 675091 SH DEFINED 674191 0 900
MERRILL LYNCH & CO INC COM 590188108 660 8300 SH SOLE 8300 0 0
MICHAELS STORES COM 594087108 11178 365000 SH DEFINED 279400 0 85600
MICROSOFT CORP COM 594918104 62655 694722 SH DEFINED 694347 0 375
MINNESOTA MINING & MFG CO COM 604059105 374 4300 SH SOLE 4300 0 0
MOBIL CORPORATION COM 607059102 4940 50023 SH SOLE 50023 0 0
MONSANTO COMPANY COM 611662107 435 11000 SH SOLE 11000 0 0
MORGAN J P & CO INC COM 616880100 281 2000 SH SOLE 2000 0 0
"MORGAN STANLEY, DW, & CO COM 617446448 299 2916 SH SOLE 2916 0 0"
MOTOROLA INC COM 620076109 992 10467 SH SOLE 10467 0 0
MUELLER INDUSTRIES INC COM 624756102 7120 209800 SH SOLE 209800 0 0
NEC ADR COM 629050204 32718 518306 SH DEFINED 517781 0 525
NATIONAL AUSTRALIA BANK ADR COM 632525408 12512 148955 SH DEFINED 148755 0 200
NATIONAL SEMICONDUCTOR COM 637640103 1625 64200 SH SOLE 64200 0 0
NATL SERVICE IND COM 637657107 619 17200 SH SOLE 17200 0 0
NEW JERSEY RES CORP COM 646025106 10488 280150 SH DEFINED 214550 0 65600
NICOR INC COM 654086107 754 19800 SH SOLE 19800 0 0
NISSAN MOTOR SPONS ADR COM 654744408 279 29000 SH SOLE 29000 0 0
NOKIA CORP SPONSORED ADR COM 654902204 39041 426384 SH DEFINED 425584 0 800
NORSK HYDRO AS SPONSORED ADR COM 656531605 24041 628523 SH DEFINED 628123 0 400
NORTHROP GRUMMAN CORP COM 666807102 829 12500 SH SOLE 12500 0 0
NOVA GOLD CORP COM 669913105 0 14000 SH SOLE 14000 0 0
NOVACARE INC COM 669930109 2565 1710100 SH DEFINED 1451000 0 259100
NOVATEK INTL INC NEW COM 669932501 0 10500 SH SOLE 10500 0 0
NOVO-NORDISK A S ADR COM 670100205 18571 347118 SH DEFINED 346618 0 500
OGDEN CORPORATION COM 676346109 512 19000 SH SOLE 19000 0 0
OLD REPUBLIC INTL CORP COM 680223104 2371 136925 SH SOLE 136925 0 0
ORION CAPITAL CORPORATION COM 686268103 16034 446950 SH DEFINED 351850 0 95100
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1602 113402 SH SOLE 113402 0 0
PAINE WEBBER GROUP INC COM 695629105 11482 245600 SH DEFINED 207900 0 37700
PARKER HANNIFIN CORP COM 701094104 536 11722 SH SOLE 11722 0 0
PENTAIR INC COM 709631105 15884 347200 SH DEFINED 281800 0 65400
PEPSICO INC COM 713448108 228 5906 SH SOLE 5906 0 0
PERRIGO CO COM 714290103 10407 1364900 SH DEFINED 1066500 0 298400
PFIZER INC COM 717081103 46560 427154 SH DEFINED 426879 0 275
PHILIP MORRIS COMPANIES INC COM 718154107 40240 1001315 SH DEFINED 999415 0 1900
POOL ENERGY SERVICES CO COM 732788104 18263 899100 SH DEFINED 720400 0 178700
POPULAR INC COM 733174106 925 30500 SH SOLE 30500 0 0
PORTUGAL TELECOM S.A SPONSORED ADR 737273102 15102 366668 SH DEFINED 366168 0 500
PROCTER AND GAMBLE COMPANY COM 742718109 46548 521548 SH DEFINED 521223 0 325
PROTECTIVE LIFE CORP COM 743674103 13773 405100 SH DEFINED 327400 0 77700
QUANEX CORPORATION COM 747620102 12990 455800 SH DEFINED 362400 0 93400
RALSTON PURINA GRP COM 751277302 371 12199 SH SOLE 12199 0 0
READ-RITE CORP COM 755246105 7102 1144923 SH DEFINED 873723 0 271200
REGIS CORP MINN COM 758932107 12119 631600 SH DEFINED 507300 0 124300
REPSOL SA - SPONSORED ADR COM 76026T205 21913 1078800 SH SOLE 1078800 0 0
RHONE POULENC S A SPONSORED ADR SERIES A 762426609 17161 370558 SH DEFINED 370108 0 450
RITE AID CORP COM 767754104 564 22900 SH SOLE 22900 0 0
ROSS STORES INC. COM 778296103 7456 148000 SH DEFINED 120800 0 27200
ROYAL DUTCH PETROLEUM CO PAR VALUE 1.25780257804 23079 383060 SH DEFINED 382710 0 350
RUDDICK CORP COM 781258108 14550 727500 SH DEFINED 572100 0 155400
SBC COMMUNICATIONS INC COM 78387G103 51825 893539 SH DEFINED 892839 0 700
SCI SYSTEMS INC COM 783890106 1312 27700 SH SOLE 27700 0 0
SJNB FINANCIAL CORP COM 784273104 3291 108800 SH DEFINED 57800 0 51000
SJW CORP COM 784305104 506 6350 SH SOLE 6350 0 0
SCANA CORP COM 805898103 697 29800 SH SOLE 29800 0 0
SCHERING PLOUGH CORP COM 806605101 34696 660884 SH DEFINED 660209 0 675
SCOTTS CO COM 810186106 17678 371200 SH DEFINED 296000 0 75200
SEQUENT COMPUTER CORP COM 817338106 20476 1153600 SH DEFINED 919100 0 234500
SERVICE CORP INTL COM 817565104 378 19655 SH SOLE 19655 0 0
SONY CORP ADR COM 835699307 26599 240986 SH DEFINED 240686 0 300
"SOUTHDOWN, INC. COM 841297104 12021 187100 SH DEFINED 155300 0 31800"
STANDARD REGISTER CO COM 853887107 12986 422300 SH DEFINED 330700 0 91600
STRIDE RITE CORP COM 863314100 14476 1403700 SH DEFINED 1107000 0 296700
STRUCTURAL DYNAMICS RESEARCH COM 863555108 9712 523200 SH DEFINED 391600 0 131600
SUN MICROSYSTEMS INC COM 866810104 234 3399 SH SOLE 3399 0 0
TALBOTS INC COM 874161102 14179 371900 SH DEFINED 307800 0 64100
TASEKO MINES LTD COM 876511106 21 10000 SH SOLE 10000 0 0
TELE DANMARK A/S SPONSORED ADR R879242105 7744 300730 SH SOLE 300730 0 0
TELEFONICA S A SPONSORED ADR 879382208 21788 148089 SH DEFINED 147754 0 335
TESORO PETE CORP COM 881609101 16406 1029400 SH DEFINED 797000 0 232400
TEXACO INC COM 881694103 468 7500 SH SOLE 7500 0 0
TEXAS INDS INC COM 882491103 14475 373550 SH DEFINED 288050 0 85500
TEXAS INSTRUMENTS INCORPORATED COM 882508104 346 2400 SH SOLE 2400 0 0
THOMAS INDS INC COM 884425109 8564 417750 SH DEFINED 306900 0 110850
THORN APPLE VALLEY INC COM 885184101 2 10000 SH SOLE 10000 0 0
TIME WARNER INC COM 887315109 29534 406664 SH DEFINED 405764 0 900
TORO COMPANY COM 891092108 14386 365350 SH DEFINED 310150 0 55200
TOSCO CORP COM NEW COM 891490302 718 27700 SH SOLE 27700 0 0
TOTAL FINA S.A. ADR COM 89151E109 21783 338052 SH DEFINED 337552 0 500
TOYMAX INTL INC COM 892268103 117 24000 SH SOLE 24000 0 0
USX - U S STEEL GROUP COM 90337T101 597 22100 SH SOLE 22100 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 7788 357044 SH DEFINED 256744 0 100300
UNILEVER NV NY SHS NEW COM 904784709 20099 288163 SH DEFINED 287584 0 579
UNIONBANCAL CORP COM 908906100 1113 30800 SH SOLE 30800 0 0
UNIPHASE CORPORATION COM 909149106 3866 23288 SH SOLE 23288 0 0
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 13317 278900 SH DEFINED 224000 0 54900
UNUMPROVIDENT CORP COM 91529Y106 392 7154 SH SOLE 7154 0 0
V F CORP COM 918204108 778 18200 SH SOLE 18200 0 0
VLSI TECHNOLOGY INC COM 918270109 237 11400 SH SOLE 11400 0 0
VALERO ENERGY CORP (NEW) COM 91913Y100 952 44400 SH SOLE 44400 0 0
VANGUARD FD INTL GROWTH PORTFOLIO #8921910204 289 14858 SH SOLE 14858 0 0
VOLVO AKTIEBOLAGET ADR B COM 928856400 15197 517348 SH DEFINED 515848 0 1500
WICOR INC COM 929253102 11259 403000 SH DEFINED 292800 0 110200
WAL MART STORES INC COM 931142103 57296 1187486 SH DEFINED 1186286 0 1200
WARNER LAMBERT CO COM 934488107 1060 15335 SH SOLE 15335 0 0
WEBB DEL CORP COM 947423109 12776 535100 SH DEFINED 414400 0 120700
WELLPOINT HEALTH NETWORKS COM 94973H108 738 8700 SH SOLE 8700 0 0
WESTAMERICA BANCORPORATION COM 957090103 14695 402600 SH DEFINED 322400 0 80200
WESTERN DIGITAL CORP COM 958102105 475 73000 SH SOLE 73000 0 0
WESTPAC BKG CORP SPONSORED ADR 961214301 16944 507675 SH DEFINED 507425 0 250
WEYERHAEUSER COMPANY COM 962166104 471 6850 SH SOLE 6850 0 0
WHIRLPOOL CORPORATION COM 963320106 1073 14500 SH SOLE 14500 0 0
WORLD COLOR PRESS INC COM 981443104 15210 553100 SH DEFINED 439900 0 113200
XEROX CORP COM 984121103 214 3629 SH SOLE 3629 0 0
YAHOO INC COM 984332106 564 3276 SH SOLE 3276 0 0
ZALE CORP NEW COM 988858106 14472 361800 SH DEFINED 283500 0 78300
DAIMLERCHRYSLER AG ORD SHR COM D1668R123 25934 291389 SH DEFINED 291089 0 300
CHINA AEROSPACE INTL HLDG LTD Y1373B105 2 12600 SH SOLE 12600 0 0
SWANK INTL MANUFACTURING CO ORD-HKD Y8319B107 2 20000 SH SOLE 20000 0 0
</TABLE>
