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, 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____ February 11,2000
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: 275
Form 13F Information Table Value Total: $4,233,826
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 14175 790226 SH DEFINED 617326 0 172900
AT&T CORP COM 001957109 64053 1260571 SH DEFINED 1260059 0 512
ABBOTT LABORATORIES COM 002824100 9273 255378 SH SOLE 255378 0 0
AIRBORNE FGHT CORP COM COM 009266107 13165 598400 SH DEFINED 468200 0 130200
AB ELECTROLUX S ADR COM 010198208 503 10000 SH SOLE 10000 0 0
AKZO NOBEL N.V. SPONSORED ADRS COM 010199305 392 7870 SH SOLE 7870 0 0
ALASKA AIR GROUP INC COM 011659109 8890 253100 SH DEFINED 173800 0 79300
ALBERTO CULVER CO CL B COM 013068101 14574 564600 SH DEFINED 434600 0 130000
ALCATEL SPON ADRS REP 013904305 45377 1008368 SH DEFINED 1007643 0 725
ALLSTATE CORPORATION COM 020002101 200 8320 SH SOLE 8320 0 0
AMERICA ONLINE INC COM 02364J104 522 6882 SH SOLE 6882 0 0
AMERICAN EXPRESS CO COM 025816109 1318 7925 SH SOLE 7925 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 27373 697396 SH DEFINED 696820 0 576
AMERICAN INTL GROUP INC COM 026874107 73947 683905 SH DEFINED 683000 0 905
AMGEN INC COM 031162100 1384 23036 SH SOLE 23036 0 0
ANIXTER INTL INC COM 035290105 11511 558100 SH DEFINED 433700 0 124400
ANSON BANCORP INC COM 036389104 140 10000 SH SOLE 10000 0 0
APPLIED MATERIALS INC COM 038222105 266 2100 SH SOLE 2100 0 0
ARVIN INDUSTRIES INC COM 043339100 13077 460850 SH DEFINED 353750 0 107100
ASTRAZENECA PLC COM 046353108 10610 254136 SH SOLE 254136 0 0
ATLANTIC RICHFIELD CO COM 048825103 225 2596 SH SOLE 2596 0 0
AVENTIS SPONSORED ADR COM 053561106 26268 461862 SH DEFINED 461412 0 450
AVISTA CORP COM 05379B107 10430 675600 SH DEFINED 519400 0 156200
AVNET INC COM 053807103 11000 181814 SH DEFINED 149568 0 32246
AXA SA SPONSORED ADR COM 054536107 26438 372362 SH DEFINED 372212 0 150
AZTAR CORP COM 054802103 8229 756700 SH DEFINED 741500 0 15200
BJ'S WHOLESALE CLUB INC COM 05548J106 12238 335300 SH DEFINED 264100 0 71200
BP AMOCO PLC SPONSORED ADRS COM 055622104 998 16827 SH SOLE 16827 0 0
BT INVT FD INTERNATIONAL 055922868 200 6256 SH SOLE 6256 0 0
BANCO BILBAO VIZCAYA ADR COM 059458208 31185 2198086 SH DEFINED 2195336 0 2750
BANCO SANTANDER SA COM 05964H105 139 11872 SH SOLE 11872 0 0
BANK OF AMERICA CORP COM 060505104 51673 1029596 SH DEFINED 1028546 0 1050
BANK ONE CORP (NEW) COM 06423A103 409 12774 SH SOLE 12774 0 0
BANK OF TOKYO MITSUBISHI TR CO SPONSORED ADR 065379109 33046 2371007 SH DEFINED 2366707 0 4300
BAY VIEW CAPITAL CORP DEL COM 07262L101 9478 668050 SH DEFINED 510150 0 157900
BELL ATLANTIC CORP COM 077853109 62531 1015735 SH DEFINED 1014835 0 900
BELLSOUTH CORP COM 079860102 63213 1350336 SH DEFINED 1349336 0 1000
BERGEN BRUNSWIG CORP CL A COM 083739102 11327 1362603 SH DEFINED 1045803 0 316800
BERKSHIRE HATHAWAY INC CV CL A COM 084670108 449 8 SH SOLE 8 0 0
BERKSHIRE HATHAWAY INC CLASS B 084670207 45920 25093 SH DEFINED 25061 0 32
BIO RAD LABS INC COM 090572207 8303 355200 SH DEFINED 264000 0 91200
BLACK & DECKER MFG CO COM 091797100 1008 19300 SH SOLE 19300 0 0
BOB EVANS FARMS INC COM 096761101 11339 734500 SH DEFINED 568600 0 165900
BORG WARNER AUTOMOTIVE INC COM 099724106 13053 322300 SH DEFINED 249700 0 72600
BOREL BANK & TRUST SAN MATEO COM 09972F101 2076 114520 SH DEFINED 51000 0 63520
BOWNE & CO INC COM 103043105 12546 929300 SH DEFINED 717100 0 212200
BRINKER INTERNATIONAL INC COM 109641100 11370 471300 SH DEFINED 402400 0 68900
BRISTOL-MYERS SQUIBB CO COM 110122108 63411 987908 SH DEFINED 987295 0 613
BROADVISION INC COM 111412102 704 4140 SH SOLE 4140 0 0
BRUNSWICK CORP COM 117043109 843 37900 SH SOLE 37900 0 0
BURLINGTON COAT FACTORY WHSE COM 121579106 3049 219760 SH DEFINED 92660 0 127100
CIGNA CORP COM 125509109 980 12164 SH SOLE 12164 0 0
CALIFORNIA WTR SVC GRP CA COM 130788102 12119 399800 SH DEFINED 302800 0 97000
CHASE MANHATTAN CORP COM 16161A108 297 3825 SH SOLE 3825 0 0
CHESAPEAKE CORP COM 165159104 11697 383500 SH DEFINED 304700 0 78800
CHEVRON CORP COM 166751107 645 7450 SH SOLE 7450 0 0
CHURCH & DWIGHT CO COM 171340102 347 13000 SH SOLE 13000 0 0
CIBER INC. COM 17163B102 610 22180 SH SOLE 22180 0 0
CISCO SYSTEMS INC COM 17275R102 113112 1055884 SH DEFINED 1055334 0 550
CITIGROUP INC COM 172967101 79889 1434599 SH DEFINED 1432849 0 1750
CIVIC BANCORP COM 178788105 2434 157064 SH SOLE 157064 0 0
CLEVELAND-CLIFFS INC COM 185896107 8825 283550 SH DEFINED 212850 0 70700
CLOROX CO COM 189054109 1156 22952 SH SOLE 22952 0 0
COASTAL CORP COM 190441105 822 23200 SH SOLE 23200 0 0
COCA-COLA COMPANY COM 191216100 61613 1057732 SH DEFINED 1056932 0 800
COMMERCIAL METALS CO COM 201723103 11839 348850 SH DEFINED 261250 0 87600
COMPUTER ASSOCIATES INTL INC COM 204912109 1604 22935 SH SOLE 22935 0 0
COMTECH TELECOMMUNICATIONS NEW COM 205826209 148 10000 SH SOLE 10000 0 0
CONSOLIDATED POWER BATTERY CORP 209952100 7 14200 SH SOLE 14200 0 0
CONSTELLATION ENERGY CORP COM 210371100 850 29300 SH SOLE 29300 0 0
CORDANT TECHNOLOGIES INC COM 218412104 10210 309400 SH DEFINED 217600 0 91800
CORNING INC. COM 219350105 348 2700 SH SOLE 2700 0 0
DAMSON OIL CORPORATION COM 235766102 0 1463880 SH SOLE 1463880 0 0
DAYTON-HUDSON CORPORATION COM 239753106 645 8789 SH SOLE 8789 0 0
DELL COMPUTER CORP COM 247025109 75375 1477933 SH DEFINED 1476033 0 1900
DELTA AIR LINES, INC COM 247361108 847 17000 SH SOLE 17000 0 0
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 58512 824107 SH DEFINED 823907 0 200
DILLARD'S INC COM 254067101 697 34550 SH SOLE 34550 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 227 7750 SH SOLE 7750 0 0
DOW CHEMICAL CO COM 260543103 592 4430 SH SOLE 4430 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 420 6373 SH SOLE 6373 0 0
EMC CORPORATION MASS COM 268648102 545 4988 SH SOLE 4988 0 0
EASTERN ENTERPRISES COM 27637F100 6755 117600 SH DEFINED 109500 0 8100
ENDESA SA SPONSORED ADRS COM 29258N107 28075 1390695 SH DEFINED 1390095 0 600
EQUITY INV FE UN SEL 10 1999294711270 20 20255 SH SOLE 20255 0 0
EQUITY INV FD UT S & P INDL 294711346 15 16833 SH SOLE 16833 0 0
EQUITY INV FD UT SEL 10 1999294711759 18 19602 SH SOLE 19602 0 0
ERICSSON L M TEL CO COM 294821400 66054 1005582 SH DEFINED 1005082 0 500
EXXON MOBIL CORP COM 30231G102 71000 881308 SH DEFINED 880333 0 975
FAMILY DLR STORES INC COM 307000109 8864 543400 SH DEFINED 461100 0 82300
FDX CORP COM 31304N107 1032 25200 SH SOLE 25200 0 0
FANNIE MAE COM 313586109 38103 610258 SH DEFINED 609658 0 600
FIAT S P A NEW SPONSORD ADR R315621888 33373 1107801 SH DEFINED 1106266 0 1535
FIRST AMERN FINL CORP CALIF COM 318522307 10171 817800 SH DEFINED 636300 0 181500
FIRST REPUBLIC BANK COM 336158100 9210 391900 SH DEFINED 289700 0 102200
FIRST UNION CORP COM 337358105 278 8427 SH SOLE 8427 0 0
FLEETWOOD ENTERPRISES INC COM 339099103 12596 610700 SH DEFINED 475500 0 135200
FLUOR CORPORATION COM 343861100 762 16600 SH SOLE 16600 0 0
FORD MOTOR COMPANY COM 345370100 18994 356275 SH DEFINED 356075 0 200
FORT JAMES CORP COM 347471104 917 33500 SH SOLE 33500 0 0
FRANKLIN RESOURCES INC COM 354613101 339 10580 SH SOLE 10580 0 0
FRISCHS RESTAURANTS COM 358748101 332 37649 SH SOLE 37649 0 0
FUJI PHOTO FILM LTD ADR 2 ORD COM 359586302 35765 935028 SH DEFINED 933978 0 1050
FULLER H B CO COM 359694106 10186 182100 SH DEFINED 146800 0 35300
GTE CORP COM 362320103 6679 94647 SH SOLE 94647 0 0
GENERAL ELECTRIC CO COM 369604103 98620 637288 SH DEFINED 636713 0 575
GENERAL MILLS INCORPORATED COM 370334104 446 12480 SH SOLE 12480 0 0
GEO PETROLEUM INC COM 37246F102 6 12900 SH SOLE 12900 0 0
GIBRALTAR FINL CORP COM 374658102 1 10000 SH SOLE 10000 0 0
GRANITE CONSTRUCTION INC COM 387328107 11730 636225 SH DEFINED 498725 0 137500
GREATER BAY BANCORP COM 391648102 2079 48496 SH DEFINED 3600 0 44896
GUIDANT CORP COM 401698105 221 4692 SH SOLE 4692 0 0
GYMBOREE CORP COM 403777105 5776 1026800 SH DEFINED 749900 0 276900
HALLIBURTON CO (HOLDING CO) COM 406216101 306 7600 SH SOLE 7600 0 0
HANNAFORD BROS CO COM 410550107 1081 15600 SH SOLE 15600 0 0
HARMAN INTERNATIONAL INDS.,INC COM 413086109 11332 201900 SH DEFINED 156000 0 45900
HARRIS CORP DEL COM 413875105 827 31000 SH SOLE 31000 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 204 4300 SH SOLE 4300 0 0
HELMERICH & PAYNE COM 423452101 13080 601400 SH DEFINED 465600 0 135800
HEWLETT-PACKARD CO COM 428236103 2750 24176 SH DEFINED 24026 0 150
HITACHI LTD ADR COM 433578507 51851 320317 SH DEFINED 320067 0 250
HOME DEPOT INC COM 437076102 85710 1246695 SH DEFINED 1245195 0 1500
HONDA MOTOR LTD ADR COM 438128308 868 11350 SH SOLE 11350 0 0
HORACE MANN EDUCATOR COM 440327104 10662 543300 SH DEFINED 420300 0 123000
HORMEL FOODS CORP COM 440452100 1414 34800 SH SOLE 34800 0 0
HOUSEHOLD INTL INC COM 441815107 374 10027 SH SOLE 10027 0 0
HUMANA INC COM 444859102 402 49100 SH SOLE 49100 0 0
UNTS HUTTON TEL TR 1ST TAX FREE EXCH447900101 307 48600 SH SOLE 48600 0 0
IDACORP INC COM 451107106 10977 409400 SH DEFINED 316700 0 92700
IMATRON INC COM 452906100 38 15000 SH SOLE 15000 0 0
ING GROEP NV ADR F SPONSORED ADR 456837103 26277 430766 SH DEFINED 430416 0 350
INGERSOLL RAND CO COM 456866102 1002 18200 SH SOLE 18200 0 0
INTEL CORP COM 458140100 82309 999961 SH DEFINED 998961 0 1000
INTERFACE INC CL A COM 458665106 9609 1671100 SH DEFINED 1277000 0 394100
INTERNATIONAL BUSINESS MACHINE COM 459200101 67277 623659 SH DEFINED 623309 0 350
INVACARE CORP COM 461203101 13283 662100 SH DEFINED 521700 0 140400
IOMEGA CORP COM 462030107 8312 2462900 SH DEFINED 1911800 0 551100
ITO-YOKADA CO ADR LTD COM 465714301 293 2800 SH SOLE 2800 0 0
JDS UNIPHASE COM 46612J101 15036 93210 SH SOLE 93210 0 0
JANUS FD INC FUND 471023101 261 5928 SH SOLE 5928 0 0
JOHNSON & JOHNSON COM 478160104 63840 684607 SH DEFINED 683607 0 1000
JOHNSON CONTROLS COM 478366107 865 15200 SH SOLE 15200 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 13313 550400 SH DEFINED 432500 0 117900
KELLWOOD CO COM 488044108 10244 527000 SH DEFINED 406900 0 120100
KELLY SERVICES INC CLASS A COM 488152208 12487 497000 SH DEFINED 385500 0 111500
KONINKLIJKE PHILIPS ADR (NEW) COM 500472204 48444 358844 SH DEFINED 358522 0 322
KULICKE & SOFFA INDS COM 501242101 17685 415500 SH DEFINED 325600 0 89900
LANIER WORLDWIDE INC COM 51589L105 146 37600 SH SOLE 37600 0 0
LEHMAN BROTHERS HOLDINGS INC COM 524908100 1846 21800 SH SOLE 21800 0 0
LIGHTWAVE CABLEVISION SYS INC COM 532266103 0 10000 SH SOLE 10000 0 0
LILLY ELI & COMPANY COM 532457108 54093 813421 SH DEFINED 812071 0 1350
LIMITED INC COM 532716107 1117 25800 SH SOLE 25800 0 0
LITTON INDS INC COM 538021106 768 15400 SH SOLE 15400 0 0
LONGS DRUG STORES INCORPORATED COM 543162101 12816 496500 SH DEFINED 384700 0 111800
LUCENT TECHNOLOGIES COM 549463107 79627 1061687 SH DEFINED 1060962 0 725
MCN ENERGY GROUP INC COM 55267J100 442 18600 SH SOLE 18600 0 0
MCI WORLDCOM INC COM 55268B106 63409 1194984 SH DEFINED 1193709 0 1275
MSC INDUSTRIAL DIRECT CO INC COM 553530106 16150 1218900 SH DEFINED 943800 0 275100
MATSUSHITA ELEC INDL SPONSORED ADR 576879209 37698 135118 SH DEFINED 135043 0 75
MCDONALDS CORP COM 580135101 201 4986 SH SOLE 4986 0 0
MCKESSON HBOC INC COM 58155Q103 930 41350 SH SOLE 41350 0 0
MERCK & CO INC COM 589331107 62275 926888 SH DEFINED 925738 0 1150
MERRILL LYNCH & CO INC COM 590188108 700 8400 SH SOLE 8400 0 0
MICHAELS STORES COM 594087108 11759 412600 SH DEFINED 319100 0 93500
MICROSOFT CORP COM 594918104 95469 817720 SH DEFINED 817345 0 375
MINNESOTA MINING & MFG CO COM 604059105 401 4100 SH SOLE 4100 0 0
MONSANTO COMPANY COM 611662107 430 12120 SH SOLE 12120 0 0
MORGAN J P & CO INC COM 616880100 269 2122 SH SOLE 2122 0 0
MORGAN STANLEY, DW, & CO COM 617446448 476 3331 SH SOLE 3331 0 0
MOTOROLA INC COM 620076109 1445 9814 SH SOLE 9814 0 0
MUELLER INDUSTRIES INC COM 624756102 8700 240000 SH DEFINED 233900 0 6100
NEC ADR COM 629050204 54522 447361 SH DEFINED 446936 0 425
NABORS INDUSTRIES INC COM 629568106 15554 502767 SH DEFINED 396367 0 106400
NATIONAL AUSTRALIA BANK ADR COM 632525408 20985 275217 SH DEFINED 275017 0 200
NATIONAL SEMICONDUCTOR COM 637640103 1490 34800 SH SOLE 34800 0 0
NATL SERVICE IND COM 637657107 507 17200 SH SOLE 17200 0 0
NEW JERSEY RES CORP COM 646025106 12541 321050 SH DEFINED 249650 0 71400
NICOR INC COM 654086107 688 21165 SH SOLE 21165 0 0
NISSAN MOTOR SPONS ADR COM 654744408 81 10000 SH SOLE 10000 0 0
NOKIA CORP SPONSORED ADR COM 654902204 77771 407043 SH DEFINED 406518 0 525
NORSK HYDRO AS SPONSORED ADR COM 656531605 34435 805487 SH DEFINED 805087 0 400
NORTHROP GRUMMAN CORP COM 666807102 762 14100 SH SOLE 14100 0 0
NOVA GOLD CORP COM 669913105 0 14000 SH SOLE 14000 0 0
NOVATEK INTL INC NEW COM 669932501 0 10500 SH SOLE 10500 0 0
NOVO-NORDISK A S ADR COM 670100205 28538 441591 SH DEFINED 441091 0 500
NYFIX INC COM 670712108 638 22500 SH SOLE 22500 0 0
OGDEN CORPORATION COM 676346109 227 19000 SH SOLE 19000 0 0
OLD REPUBLIC INTL CORP COM 680223104 2621 192350 SH SOLE 192350 0 0
ORACLE SYSTEMS CORPORATION COM 68389X105 705 6295 SH SOLE 6295 0 0
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 1166 97702 SH SOLE 97702 0 0
PAINE WEBBER GROUP INC COM 695629105 9102 234500 SH DEFINED 196800 0 37700
PARKER HANNIFIN CORP COM 701094104 601 11722 SH SOLE 11722 0 0
PENTAIR INC COM 709631105 12994 337500 SH DEFINED 267000 0 70500
PERRIGO CO COM 714290103 11157 1394600 SH DEFINED 1069400 0 325200
PFIZER INC COM 717081103 58355 1799007 SH DEFINED 1797707 0 1300
PHILIP MORRIS COMPANIES INC COM 718154107 36109 1569965 SH DEFINED 1567715 0 2250
PITNEY-BOWES, INC COM 724479100 251 5200 SH SOLE 5200 0 0
POPULAR INC COM 733174106 852 30500 SH SOLE 30500 0 0
PORTUGAL TELECOM S.A SPONSORED ADR 737273102 15451 1420790 SH DEFINED 1418290 0 2500
PROCTER AND GAMBLE COMPANY COM 742718109 74067 676022 SH DEFINED 675697 0 325
PROTECTIVE LIFE CORP COM 743674103 14195 446200 SH DEFINED 353400 0 92800
QUALCOMM INC COM 747525103 247 1400 SH SOLE 1400 0 0
QUANEX CORPORATION COM 747620102 9894 388000 SH DEFINED 292200 0 95800
RALCORP HOLDINGS INC (NEW) COM 751028101 9161 459500 SH DEFINED 359500 0 100000
RALSTON PURINA GRP COM 751277302 295 10590 SH SOLE 10590 0 0
RAYMOND JAMES FIN'L CORP COM 754730109 192 10300 SH DEFINED 0 0 10300
REA GOLD CORP COM 754900108 1 10000 SH SOLE 10000 0 0
READ-RITE CORP COM 755246105 5269 1109200 SH DEFINED 796700 0 312500
REGIS CORP MINN COM 758932107 13538 717250 SH DEFINED 555750 0 161500
REPSOL SA - SPONSORED ADR COM 76026T205 24130 1037845 SH SOLE 1037845 0 0
ROSS STORES INC. COM 778296103 5310 296000 SH DEFINED 241600 0 54400
ROYAL DUTCH PETROLEUM CO PAR VALUE 1.25780257804 22623 373543 SH DEFINED 373193 0 350
RUDDICK CORP COM 781258108 11664 752500 SH DEFINED 584300 0 168200
SBC COMMUNICATIONS INC COM 78387G103 59803 1226719 SH DEFINED 1226019 0 700
SCI SYSTEMS INC COM 783890106 1537 18700 SH SOLE 18700 0 0
SJNB FINANCIAL CORP COM 784273104 3270 107200 SH DEFINED 47200 0 60000
SJW CORP COM 784305104 764 6350 SH SOLE 6350 0 0
SANPAOLO IMS SPA SPONS ADR COM 799175104 35667 1302918 SH DEFINED 1302227 0 691
SCANA CORP COM 805898103 801 29800 SH SOLE 29800 0 0
HENRY SCHEIN INC COM 806407102 10160 763200 SH DEFINED 590800 0 172400
SCHERING PLOUGH CORP COM 806605101 43532 1027301 SH DEFINED 1026276 0 1025
SCOTTS CO COM 810186106 14603 362800 SH DEFINED 280500 0 82300
SILICON VALLEY BANCSHARES COM 827064106 312 6300 SH DEFINED 0 0 6300
SONY CORP ADR COM 835699307 76667 269244 SH DEFINED 268944 0 300
SOUTHDOWN, INC. COM 841297104 8993 174200 SH DEFINED 142400 0 31800
SOUTHERN COMPANY COM 842587107 299 12708 SH SOLE 12708 0 0
STANDARD REGISTER CO COM 853887107 9050 467100 SH DEFINED 362700 0 104400
STERIS CORP COM 859152100 11407 1112900 SH DEFINED 866000 0 246900
STRIDE RITE CORP COM 863314100 10033 1543500 SH DEFINED 1202100 0 341400
STRUCTURAL DYNAMICS RESEARCH COM 863555108 14165 1111000 SH DEFINED 873900 0 237100
SUN MICROSYSTEMS INC COM 866810104 963 12433 SH SOLE 12433 0 0
TALBOTS INC COM 874161102 12598 282300 SH DEFINED 218700 0 63600
TECH DATA CORPORATION COM 878237106 12199 449750 SH DEFINED 352250 0 97500
TELE DANMARK A/S SPONSORED ADR R879242105 14234 377055 SH SOLE 377055 0 0
TELEFONICA S A SPONSORED ADR 879382208 48576 616349 SH DEFINED 615325 0 1024
TESORO PETE CORP COM 881609101 11227 971000 SH DEFINED 751700 0 219300
TEXACO INC COM 881694103 331 6100 SH SOLE 6100 0 0
TEXAS INDS INC COM 882491103 15065 353950 SH DEFINED 269450 0 84500
TEXAS INSTRUMENTS INCORPORATED COM 882508104 311 3220 SH SOLE 3220 0 0
THOMAS INDS INC COM 884425109 2972 145400 SH DEFINED 111600 0 33800
THORN APPLE VALLEY INC COM 885184101 0 10000 SH SOLE 10000 0 0
TIFFANY & CO NEW COM 886547108 286 3200 SH SOLE 3200 0 0
TIME WARNER INC COM 887315109 57359 793211 SH DEFINED 792161 0 1050
TOKHEIM CORP COM 889073102 54 15000 SH SOLE 15000 0 0
TORO COMPANY COM 891092108 10987 294450 SH DEFINED 236450 0 58000
TOSCO CORP COM NEW COM 891490302 924 34000 SH SOLE 34000 0 0
TOTAL FINA S.A. ADR COM 89151E109 44203 638315 SH DEFINED 637815 0 500
TOYOTA MOTOR CORP ADR 2 COM COM 892331307 12526 128640 SH SOLE 128640 0 0
USX - U S STEEL GROUP COM 90337T101 729 22100 SH SOLE 22100 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 8048 354744 SH DEFINED 254444 0 100300
UNILEVER NV NY SHS NEW COM 904784709 23543 432471 SH DEFINED 431567 0 904
UNIONBANCAL CORP COM 908906100 1191 30200 SH SOLE 30200 0 0
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 11106 308500 SH DEFINED 248100 0 60400
UNUMPROVIDENT CORP COM 91529Y106 811 25304 SH SOLE 25304 0 0
V F CORP COM 918204108 677 22550 SH SOLE 22550 0 0
VALERO ENERGY CORP (NEW) COM 91913Y100 664 33400 SH SOLE 33400 0 0
VARCO INTERNATIONAL INC COM 922126107 11395 1118500 SH DEFINED 866000 0 252500
VOLVO AKTIEBOLAGET ADR B COM 928856400 25993 1029428 SH DEFINED 1027928 0 1500
WICOR INC COM 929253102 10035 343800 SH DEFINED 249900 0 93900
WAL MART STORES INC COM 931142103 98025 1418087 SH DEFINED 1416887 0 1200
WARNER LAMBERT CO COM 934488107 1418 17300 SH SOLE 17300 0 0
WEBB DEL CORP COM 947423109 13577 545800 SH DEFINED 415500 0 130300
WELLPOINT HEALTH NETWORKS COM 94973H108 692 10500 SH SOLE 10500 0 0
WESTAMERICA BANCORPORATION COM 957090103 10678 382200 SH DEFINED 296300 0 85900
WESTERN DIGITAL CORP COM 958102105 306 73000 SH SOLE 73000 0 0
WESTPAC BKG CORP SPONSORED ADR 961214301 16906 491800 SH DEFINED 491550 0 250
WEYERHAEUSER COMPANY COM 962166104 531 7400 SH SOLE 7400 0 0
WHIRLPOOL CORPORATION COM 963320106 946 14535 SH SOLE 14535 0 0
YAHOO INC COM 984332106 1211 2798 SH SOLE 2798 0 0
ZALE CORP NEW COM 988858106 13821 285700 SH DEFINED 221000 0 64700
CELANESE AG COM D1497A101 267 14734 SH SOLE 14734 0 0
DAIMLERCHRYSLER AG ORD SHR COM D1668R123 33112 424516 SH DEFINED 424066 0 450
FEDERAL REALTY INVT TR 5.250% 10-28-2U31374AB4 9 10000 SH SOLE 10000 0 0
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>
