UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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____ April 6,2000
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: 289
Form 13F Information Table Value Total: $4,883,767
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 11715 702026 SH DEFINED 544626 0 157400
ABM INDUSTRIES INC COM 000957100 336 14300 SH DEFINED 6000 0 8300
AT&T CORP COM 001957109 54176 962063 SH DEFINED 961651 0 412
AT&T CORP/LIBERTY MEDIA CL A COM 001957208 39732 669872 SH DEFINED 669322 0 550
AIRBORNE FGHT CORP COM COM 009266107 15365 640200 SH DEFINED 500800 0 139400
AB ELECTROLUX S ADR COM 010198208 383 10000 SH SOLE 10000 0 0
ALASKA AIR GROUP INC COM 011659109 7717 256700 SH DEFINED 177400 0 79300
ALBERTO CULVER CO CL B COM 013068101 14290 600100 SH DEFINED 461700 0 138400
ALCATEL SPON ADRS REP 013904305 58779 1363244 SH DEFINED 1362244 0 1000
ALLTEL CORP COM 020039103 209 3300 SH SOLE 3300 0 0
AMERICA ONLINE INC COM 02364J104 2185 32400 SH SOLE 32400 0 0
AMERICAN EXPRESS CO COM 025816109 1183 7942 SH SOLE 7942 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 387 7200 SH SOLE 7200 0 0
AMERICAN INTL GROUP INC COM 026874107 51274 468257 SH DEFINED 467627 0 630
AMGEN INC COM 031162100 1262 20556 SH SOLE 20556 0 0
ANHEUSER BUSCH COS INC COM 035229103 268 4300 SH SOLE 4300 0 0
ANIXTER INTL INC COM 035290105 15412 552900 SH DEFINED 428500 0 124400
APPLIED MATERIALS INC COM 038222105 482 5114 SH SOLE 5114 0 0
ARVIN INDUSTRIES INC COM 043339100 13768 608550 SH DEFINED 471550 0 137000
ASTRAZENECA PLC COM 046353108 57120 1410382 SH DEFINED 1408707 0 1675
ASYST TECHNOLOGIES INC COM 04648X107 234 4000 SH SOLE 4000 0 0
ATLANTIC RICHFIELD CO COM 048825103 329 3871 SH SOLE 3871 0 0
AVENTIS SPONSORED ADR COM 053561106 63725 1180093 SH DEFINED 1179143 0 950
AVISTA CORP COM 05379B107 12423 304850 SH DEFINED 238750 0 66100
AVNET INC COM 053807103 601 9538 SH SOLE 9538 0 0
AXA SA SPONSORED ADR COM 054536107 67102 936034 SH DEFINED 935609 0 425
AZTAR CORP COM 054802103 7347 773400 SH DEFINED 757200 0 16200
BJ'S WHOLESALE CLUB INC COM 05548J106 12698 330900 SH DEFINED 259700 0 71200
BP AMOCO PLC SPONSORED ADRS COM 055622104 979 18388 SH SOLE 18388 0 0
BANCO BILBAO VISCAYA ARGENTARIA SPONSO05946K101 47608 3200551 SH DEFINED 3196626 0 3925
BANCO SANTANDER SA COM 05964H105 52422 4876458 SH DEFINED 4871733 0 4725
BANK OF AMERICA CORP COM 060505104 56746 1082173 SH DEFINED 1081173 0 1000
BANK ONE CORP (NEW) COM 06423A103 565 16389 SH SOLE 16389 0 0
BANK OF TOKYO MITSUBISHI TR CO SPONSORED ADR 065379109 90098 6350553 SH DEFINED 6344803 0 5750
BAY VIEW CAPITAL CORP DEL COM 07262L101 5129 683800 SH DEFINED 525900 0 157900
BELL ATLANTIC CORP COM 077853109 53073 868269 SH DEFINED 867494 0 775
BELLSOUTH CORP COM 079860102 47825 1020270 SH DEFINED 1019620 0 650
BERGEN BRUNSWIG CORP CL A COM 083739102 9594 1421400 SH DEFINED 1092800 0 328600
BERKSHIRE HATHAWAY INC CV CL A COM 084670108 343 6 SH SOLE 6 0 0
BERKSHIRE HATHAWAY INC CLASS B 084670207 52684 28947 SH DEFINED 28904 0 43
BEST FOODS COM 08658U101 214 4580 SH SOLE 4580 0 0
BIO RAD LABS INC COM 090572207 9766 358400 SH DEFINED 266400 0 92000
BIOSITE DIAGNOSTIC INC COM 090945106 329 13500 SH SOLE 13500 0 0
BLACK & DECKER MFG CO COM 091797100 717 19085 SH SOLE 19085 0 0
BOB EVANS FARMS INC COM 096761101 9138 731000 SH DEFINED 565100 0 165900
BORG WARNER AUTOMOTIVE INC COM 099724106 14147 359300 SH DEFINED 281400 0 77900
BOREL BANK & TRUST SAN MATEO COM 09972F101 2061 114520 SH DEFINED 47200 0 67320
BOWNE & CO INC COM 103043105 12615 979800 SH DEFINED 758100 0 221700
BRINKER INTERNATIONAL INC COM 109641100 16874 568400 SH DEFINED 441800 0 126600
BRISTOL-MYERS SQUIBB CO COM 110122108 48803 842330 SH DEFINED 841742 0 588
BRUNSWICK CORP COM 117043109 718 37900 SH SOLE 37900 0 0
CIGNA CORP COM 125509109 927 12234 SH SOLE 12234 0 0
CALIFORNIA WTR SVC GRP CA COM 130788102 10526 461400 SH DEFINED 358100 0 103300
CHASE MANHATTAN CORP COM 16161A108 1022 11720 SH SOLE 11720 0 0
CHESAPEAKE CORP COM 165159104 13315 450400 SH DEFINED 347200 0 103200
CHEVRON CORP COM 166751107 699 7559 SH SOLE 7559 0 0
CHINA TELECOM HONG KONG LTD SPON ADR 169428109 68431 386070 SH DEFINED 385280 0 790
CIBER INC. COM 17163B102 455 22180 SH SOLE 22180 0 0
CISCO SYSTEMS INC COM 17275R102 89594 1158854 SH DEFINED 1158204 0 650
CITIGROUP INC COM 172967101 52190 871657 SH DEFINED 870132 0 1525
CIVIC BANCORP COM 178788105 2063 163420 SH SOLE 163420 0 0
CLEVELAND-CLIFFS INC COM 185896107 6746 285550 SH DEFINED 214850 0 70700
CLOROX CO COM 189054109 765 23177 SH SOLE 23177 0 0
COASTAL CORP COM 190441105 1073 23325 SH SOLE 23325 0 0
COCA-COLA COMPANY COM 191216100 39100 833029 SH DEFINED 832129 0 900
COLGATE PALMOLIVE CO COM 194162103 265 4700 SH SOLE 4700 0 0
COMMERCIAL METALS CO COM 201723103 9659 349650 SH DEFINED 262050 0 87600
COMPUTER ASSOCIATES INTL INC COM 204912109 1289 21775 SH SOLE 21775 0 0
COMTECH TELECOMMUNICATIONS NEW COM 205826209 184 10000 SH SOLE 10000 0 0
CONSOLIDATED POWER BATTERY CORP 209952100 7 14200 SH SOLE 14200 0 0
CONSTELLATION ENERGY CORP COM 210371100 934 29300 SH SOLE 29300 0 0
CORDANT TECHNOLOGIES INC COM 218412104 23858 421800 SH DEFINED 328800 0 93000
CORNING INC. COM 219350105 388 2000 SH SOLE 2000 0 0
DAMSON OIL CORPORATION COM 235766102 0 1463880 SH SOLE 1463880 0 0
DATA WEST CORP-PRVTE PLCEMENT COM 2376509AT 0 16667 SH SOLE 16667 0 0
DELL COMPUTER CORP COM 247025109 200 3715 SH SOLE 3715 0 0
DELTA AIR LINES, INC COM 247361108 905 17000 SH SOLE 17000 0 0
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 90518 1127952 SH DEFINED 1126452 0 1500
DILLARD'S INC COM 254067101 556 33800 SH SOLE 33800 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 257 6240 SH SOLE 6240 0 0
DOW CHEMICAL CO COM 260543103 519 4551 SH SOLE 4551 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 312 5891 SH SOLE 5891 0 0
EMC CORPORATION MASS COM 268648102 556 4414 SH SOLE 4414 0 0
EASTERN ENTERPRISES COM 27637F100 6419 107200 SH DEFINED 100600 0 6600
ENDESA SA SPONSORED ADRS COM 29258N107 467 19945 SH SOLE 19945 0 0
EQUITY INV FD UT SERIES C 1999 294710ZZT 13 12209 SH SOLE 12209 0 0
ERICSSON L M TEL CO COM 294821400 61406 654558 SH DEFINED 654083 0 475
EXXON MOBIL CORP COM 30231G102 62146 797378 SH DEFINED 796303 0 1075
FAMILY DLR STORES INC COM 307000109 716 34400 SH SOLE 34400 0 0
FEDERAL HM LOAN MORTGAGE CORP COM 313400301 294 6660 SH SOLE 6660 0 0
FANNIE MAE COM 313586109 306 5410 SH SOLE 5410 0 0
FEDEX CORP COM 31428X106 986 25400 SH SOLE 25400 0 0
FIAT S P A NEW SPONSORD ADR R315621888 37237 1388776 SH DEFINED 1385716 0 3060
FIRST AMERN FINL CORP CALIF COM 318522307 11466 822700 SH DEFINED 641200 0 181500
FIRST REPUBLIC BANK COM 336158100 7883 397900 SH DEFINED 295700 0 102200
FIRST UNION CORP COM 337358105 259 6957 SH SOLE 6957 0 0
FLEETWOOD ENTERPRISES INC COM 339099103 10551 715300 SH DEFINED 554700 0 160600
FLUOR CORPORATION COM 343861100 515 16600 SH SOLE 16600 0 0
FORD MOTOR COMPANY COM 345370100 45299 986095 SH DEFINED 985695 0 400
FORT JAMES CORP COM 347471104 737 33500 SH SOLE 33500 0 0
FRANKLIN RESOURCES INC COM 354613101 334 9980 SH SOLE 9980 0 0
FREMONT GLOBAL FUND FUND 357378108 773 48737 SH SOLE 48737 0 0
FUJI PHOTO FILM LTD ADR 2 ORD COM 359586302 89140 2025898 SH DEFINED 2022873 0 3025
FULLER H B CO COM 359694106 11125 278550 SH DEFINED 217750 0 60800
GTE CORP COM 362320103 4862 68480 SH SOLE 68480 0 0
GAM INTERNATIONAL FUND 364590109 207 6524 SH SOLE 6524 0 0
GANNETT COMPANY INC COM 364730101 341 4840 SH SOLE 4840 0 0
GENERAL ELECTRIC CO COM 369604103 75661 486178 SH DEFINED 485728 0 450
GENERAL MILLS INCORPORATED COM 370334104 379 10480 SH SOLE 10480 0 0
GEO PETROLEUM INC COM 37246F102 14 12900 SH SOLE 12900 0 0
GERBER SCIENTIFIC INC COM 373730100 193 10000 SH DEFINED 4200 0 5800
GIBRALTAR FINL CORP COM 374658102 1 10000 SH SOLE 10000 0 0
GLAXO WELLCOME PLC SPONS ADR COM 37733W105 58177 1015080 SH DEFINED 1012330 0 2750
GRANITE CONSTRUCTION INC COM 387328107 17138 634750 SH DEFINED 497250 0 137500
GREATER BAY BANCORP COM 391648102 1952 48496 SH DEFINED 3600 0 44896
GUIDANT CORP COM 401698105 284 4822 SH SOLE 4822 0 0
GYMBOREE CORP COM 403777105 1940 470400 SH DEFINED 344200 0 126200
H QUOTIENT INC COM 40426E101 144 35000 SH SOLE 35000 0 0
HANNAFORD BROS CO COM 410550107 1151 15600 SH SOLE 15600 0 0
HARMAN INTERNATIONAL INDS.,INC COM 413086109 11916 198600 SH DEFINED 152700 0 45900
HARRIS CORP DEL COM 413875105 833 24100 SH SOLE 24100 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 227 4300 SH SOLE 4300 0 0
HELMERICH & PAYNE COM 423452101 18975 612100 SH DEFINED 474200 0 137900
HEWLETT-PACKARD CO COM 428236103 2013 15148 SH SOLE 15148 0 0
HITACHI LTD ADR COM 433578507 69716 572025 SH DEFINED 571525 0 500
HOME DEPOT INC COM 437076102 67710 1049766 SH DEFINED 1048416 0 1350
HONDA MOTOR LTD ADR COM 438128308 925 11383 SH SOLE 11383 0 0
HORACE MANN EDUCATOR COM 440327104 10697 580200 SH DEFINED 451100 0 129100
HORMEL FOODS CORP COM 440452100 999 60800 SH SOLE 60800 0 0
HOUSEHOLD INTL INC COM 441815107 255 6822 SH SOLE 6822 0 0
HUMANA INC COM 444859102 359 49100 SH SOLE 49100 0 0
UNTS HUTTON TEL TR 1ST TAX FREE EXCH447900101 290 48600 SH SOLE 48600 0 0
IDACORP INC COM 451107106 13987 402500 SH DEFINED 313300 0 89200
IMATRON INC COM 452906100 53 15000 SH SOLE 15000 0 0
ING GROEP NV ADR F SPONSORED ADR 456837103 66198 1203606 SH DEFINED 1201681 0 1925
INGERSOLL RAND CO COM 456866102 816 18440 SH SOLE 18440 0 0
INTEL CORP COM 458140100 85892 651003 SH DEFINED 650453 0 550
INTERFACE INC CL A COM 458665106 7343 1727700 SH DEFINED 1320800 0 406900
INTERNATIONAL BUSINESS MACHINE COM 459200101 67291 570266 SH DEFINED 569991 0 275
INVACARE CORP COM 461203101 18065 658400 SH DEFINED 518000 0 140400
IOMEGA CORP COM 462030107 11791 3092850 SH DEFINED 2401250 0 691600
ITO-YOKADA CO ADR LTD COM 465714301 210 2823 SH SOLE 2823 0 0
JDS UNIPHASE COM 46612J101 11426 94774 SH SOLE 94774 0 0
JANUS WORLWIDE FUND FUND 471023309 258 3015 SH SOLE 3015 0 0
JOHNSON & JOHNSON COM 478160104 38919 554001 SH DEFINED 553301 0 700
JOHNSON CONTROLS COM 478366107 794 14680 SH SOLE 14680 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 11825 551600 SH DEFINED 433700 0 117900
KELLWOOD CO COM 488044108 9398 535100 SH DEFINED 415000 0 120100
KELLY SERVICES INC CLASS A COM 488152208 12321 514700 SH DEFINED 400600 0 114100
KONINKLIJKE PHILIPS ADR (NEW) COM 500472204 69412 405177 SH DEFINED 404480 0 697
KULICKE & SOFFA INDS COM 501242101 10295 160700 SH DEFINED 124400 0 36300
LANIER WORLDWIDE INC COM 51589L105 50 24100 SH SOLE 24100 0 0
LEHMAN BROTHERS HOLDINGS INC COM 524908100 1757 18110 SH SOLE 18110 0 0
LIGHTWAVE CABLEVISION SYS INC COM 532266103 0 10000 SH SOLE 10000 0 0
LILLY ELI & COMPANY COM 532457108 46369 740417 SH DEFINED 739367 0 1050
LIMITED INC COM 532716107 1087 25800 SH SOLE 25800 0 0
LITTON INDS INC COM 538021106 815 18450 SH SOLE 18450 0 0
LONGS DRUG STORES INCORPORATED COM 543162101 11571 508600 SH DEFINED 396800 0 111800
LUCENT TECHNOLOGIES COM 549463107 67890 1108404 SH DEFINED 1107529 0 875
MCN ENERGY GROUP INC COM 55267J100 465 18600 SH SOLE 18600 0 0
MCI WORLDCOM INC COM 55268B106 47924 1057636 SH DEFINED 1056236 0 1400
MSC INDUSTRIAL DIRECT CO INC COM 553530106 16886 938100 SH DEFINED 725600 0 212500
MATSUSHITA ELEC INDL SPONSORED ADR 576879209 89444 295195 SH DEFINED 294995 0 200
MCDONALDS CORP COM 580135101 256 6856 SH SOLE 6856 0 0
MCKESSON HBOC INC COM 58155Q103 874 41620 SH SOLE 41620 0 0
MEAD CORPORATION COM 582834107 818 23400 SH SOLE 23400 0 0
MEDIA ONE GROUP INC COM 58440J104 206 2545 SH SOLE 2545 0 0
MERCK & CO INC COM 589331107 56066 902470 SH DEFINED 901570 0 900
MERRILL LYNCH & CO INC COM 590188108 1045 9955 SH SOLE 9955 0 0
MICHAELS STORES COM 594087108 15994 392500 SH DEFINED 303700 0 88800
MICROSOFT CORP COM 594918104 70180 660516 SH DEFINED 660166 0 350
MICRON TECHNOLOGY INC COM 595112103 255 2020 SH SOLE 2020 0 0
MINNESOTA MINING & MFG CO COM 604059105 499 5629 SH SOLE 5629 0 0
MONSANTO COMPANY COM 611662107 587 11400 SH SOLE 11400 0 0
MORGAN J P & CO INC COM 616880100 352 2675 SH SOLE 2675 0 0
MORGAN STANLEY, DW, & CO COM 617446448 1189 14346 SH SOLE 14346 0 0
MOTOROLA INC COM 620076109 1373 9404 SH SOLE 9404 0 0
MUELLER INDUSTRIES INC COM 624756102 7342 241700 SH DEFINED 235600 0 6100
NEC ADR COM 629050204 109974 740875 SH DEFINED 740225 0 650
NABORS INDUSTRIES INC COM 629568106 13517 348257 SH DEFINED 273457 0 74800
NATIONAL AUSTRALIA BANK ADR COM 632525408 50457 780007 SH DEFINED 779032 0 975
NATIONAL SEMICONDUCTOR COM 637640103 1173 19305 SH SOLE 19305 0 0
NATL SERVICE IND COM 637657107 362 17200 SH SOLE 17200 0 0
NEUBERGER BERMAN EQUITY FOCUS FUND 641224506 240 5458 SH SOLE 5458 0 0
NEW JERSEY RES CORP COM 646025106 14740 344800 SH DEFINED 267900 0 76900
NICOR INC COM 654086107 692 21000 SH SOLE 21000 0 0
NISSAN MOTOR SPONS ADR COM 654744408 98 12000 SH SOLE 12000 0 0
NOKIA CORP SPONSORED ADR COM 654902204 66209 298237 SH DEFINED 297842 0 395
NORSK HYDRO AS SPONSORED ADR COM 656531605 49143 1291111 SH DEFINED 1289311 0 1800
NORTHROP GRUMMAN CORP COM 666807102 905 17100 SH SOLE 17100 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 408 5950 SH SOLE 5950 0 0
NYFIX INC COM 670712108 1133 22500 SH SOLE 22500 0 0
OGDEN CORPORATION COM 676346109 227 19000 SH SOLE 19000 0 0
OLD REPUBLIC INTL CORP COM 680223104 2637 191750 SH SOLE 191750 0 0
ORACLE SYSTEMS CORPORATION COM 68389X105 810 10380 SH SOLE 10380 0 0
ORTHOLOGIC CORP COM 68750J107 61 10000 SH SOLE 10000 0 0
PAINE WEBBER GROUP INC COM 695629105 8857 201300 SH DEFINED 165400 0 35900
PANACO INC COM 698106101 7 10000 SH SOLE 10000 0 0
PAREXEL INTL CORP COM 699462107 5746 608900 SH DEFINED 471500 0 137400
PARKER HANNIFIN CORP COM 701094104 484 11722 SH SOLE 11722 0 0
PENTAIR INC COM 709631105 14529 392000 SH DEFINED 304800 0 87200
PERRIGO CO COM 714290103 11732 1545000 SH DEFINED 1186800 0 358200
PHARMACIA & UPJOHN INC COM 716941109 279 4690 SH SOLE 4690 0 0
PFIZER INC COM 717081103 50663 1385643 SH DEFINED 1384568 0 1075
PHILIP MORRIS COMPANIES INC COM 718154107 40060 1896317 SH DEFINED 1893792 0 2525
POPULAR INC COM 733174106 677 30500 SH SOLE 30500 0 0
PORTUGAL TELECOM S.A SPONSORED ADR 737273102 50805 4084805 SH DEFINED 4077855 0 6950
PROCTER AND GAMBLE COMPANY COM 742718109 32014 566621 SH DEFINED 566296 0 325
PROTECTIVE LIFE CORP COM 743674103 17942 565100 SH DEFINED 435800 0 129300
QUALCOMM INC COM 747525103 308 2065 SH SOLE 2065 0 0
QUANEX CORPORATION COM 747620102 7175 398600 SH DEFINED 302800 0 95800
RALCORP HOLDINGS INC (NEW) COM 751028101 11372 784300 SH DEFINED 621800 0 162500
RALSTON PURINA GRP COM 751277302 291 10590 SH SOLE 10590 0 0
RAYMOND JAMES FIN'L CORP COM 754730109 542 26100 SH DEFINED 15800 0 10300
READ-RITE CORP COM 755246105 5310 1132900 SH DEFINED 827900 0 305000
RED HAT INC COM 756577102 374 8816 SH SOLE 8816 0 0
REGIS CORP MINN COM 758932107 12285 829400 SH DEFINED 645400 0 184000
REPSOL SA - SPONSORED ADR COM 76026T205 1352 63450 SH SOLE 63450 0 0
ROSS STORES INC. COM 778296103 19045 791500 SH DEFINED 615800 0 175700
ROYAL DUTCH PETROLEUM CO PAR VALUE 1.25780257804 63465 1097780 SH DEFINED 1095105 0 2675
RUDDICK CORP COM 781258108 9475 866300 SH DEFINED 683200 0 183100
SBC COMMUNICATIONS INC COM 78387G103 49463 1174183 SH DEFINED 1173233 0 950
SCI SYSTEMS INC COM 783890106 2010 37400 SH SOLE 37400 0 0
SJNB FINANCIAL CORP COM 784273104 3011 110500 SH DEFINED 49700 0 60800
SJW CORP COM 784305104 743 6350 SH SOLE 6350 0 0
SPX CORP COM 784635104 207 1817 SH SOLE 1817 0 0
SANPAOLO IMS SPA SPONS ADR COM 799175104 45129 1583485 SH DEFINED 1581294 0 2191
SCANA CORP (NEW) COM 80589M102 732 29800 SH SOLE 29800 0 0
HENRY SCHEIN INC COM 806407102 12531 774100 SH DEFINED 600700 0 173400
SCHERING PLOUGH CORP COM 806605101 39086 1052815 SH DEFINED 1052004 0 811
SCHWAB CHARLES CORP COM 808513105 227 4000 SH SOLE 4000 0 0
SCOTTS CO COM 810186106 15296 364200 SH DEFINED 281900 0 82300
SEAGRAM LTD COM 811850106 51297 862140 SH DEFINED 860140 0 2000
SILICON VALLEY BANCSHARES COM 827064106 283 3940 SH DEFINED 440 0 3500
SONY CORP ADR COM 835699307 95676 341549 SH DEFINED 341174 0 375
SOUTHDOWN, INC. COM 841297104 14445 243800 SH DEFINED 191900 0 51900
STANDARD REGISTER CO COM 853887107 7304 567300 SH DEFINED 456800 0 110500
STERIS CORP COM 859152100 12338 1203700 SH DEFINED 940000 0 263700
STRIDE RITE CORP COM 863314100 12958 1607200 SH DEFINED 1263000 0 344200
STRUCTURAL DYNAMICS RESEARCH COM 863555108 15017 1112400 SH DEFINED 864900 0 247500
SUN MICROSYSTEMS INC COM 866810104 420 4486 SH SOLE 4486 0 0
TALBOTS INC COM 874161102 15990 271600 SH DEFINED 211600 0 60000
TARGET CORP COM 87612E106 624 8345 SH SOLE 8345 0 0
TECH DATA CORPORATION COM 878237106 16773 510200 SH DEFINED 396100 0 114100
TELE DANMARK A/S SPONSORED ADR R879242105 59292 1276820 SH DEFINED 1274420 0 2400
TELEFONICA S A SPONSORED ADR 879382208 56675 762020 SH DEFINED 760821 0 1199
TESORO PETE CORP COM 881609101 12934 1124700 SH DEFINED 875400 0 249300
TEXACO INC COM 881694103 304 5664 SH SOLE 5664 0 0
TEXAS INDS INC COM 882491103 12087 382200 SH DEFINED 296700 0 85500
TEXAS INSTRUMENTS INCORPORATED COM 882508104 835 5216 SH SOLE 5216 0 0
THORN APPLE VALLEY INC COM 885184101 1 10000 SH SOLE 10000 0 0
TIFFANY & CO NEW COM 886547108 268 3200 SH SOLE 3200 0 0
TIME WARNER INC COM 887315109 41116 411158 SH DEFINED 410708 0 450
TOKHEIM CORP COM 889073102 48 15000 SH SOLE 15000 0 0
TORO COMPANY COM 891092108 9047 302200 SH DEFINED 244200 0 58000
TOSCO CORP COM NEW COM 891490302 1046 34165 SH SOLE 34165 0 0
TOTAL FINA S.A. ADR COM 89151E109 69298 941233 SH DEFINED 940108 0 1125
TOYOTA MOTOR CORP ADR 2 COM COM 892331307 96243 925418 SH DEFINED 924843 0 575
USX - U S STEEL GROUP COM 90337T101 553 22100 SH SOLE 22100 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 8195 322944 SH DEFINED 222644 0 100300
UNILEVER NV NY SHS NEW COM 904784709 61463 1277159 SH DEFINED 1274655 0 2504
UNIONBANCAL CORP COM 908906100 832 30200 SH SOLE 30200 0 0
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 15815 322750 SH DEFINED 253050 0 69700
UNOCAL CORP COM 915289102 774 26000 SH SOLE 26000 0 0
UNUMPROVIDENT CORP COM 91529Y106 526 31049 SH SOLE 31049 0 0
V F CORP COM 918204108 551 22900 SH SOLE 22900 0 0
VALERO ENERGY CORP (NEW) COM 91913Y100 9553 311300 SH DEFINED 249200 0 62100
VARCO INTERNATIONAL INC COM 922126107 15522 1229500 SH DEFINED 953900 0 275600
VODAFONE GROUP ADR COM 92857T107 349 6277 SH SOLE 6277 0 0
VOLVO AKTIEBOLAGET ADR B COM 928856400 52518 1922848 SH DEFINED 1918723 0 4125
WICOR INC COM 929253102 10528 339600 SH DEFINED 245700 0 93900
WAL MART STORES INC COM 931142103 62089 1098921 SH DEFINED 1097521 0 1400
WARNER LAMBERT CO COM 934488107 41469 424507 SH DEFINED 423957 0 550
WEBB DEL CORP COM 947423109 9902 668500 SH DEFINED 526400 0 142100
WELLPOINT HEALTH NETWORKS COM 94973H108 832 11900 SH SOLE 11900 0 0
WELLS FARGO & CO (NEW) COM 949746101 997 24477 SH SOLE 24477 0 0
WESTAMERICA BANCORPORATION COM 957090103 13642 491600 SH DEFINED 383500 0 108100
WESTERN DIGITAL CORP COM 958102105 543 73000 SH SOLE 73000 0 0
WEYERHAEUSER COMPANY COM 962166104 398 6980 SH SOLE 6980 0 0
WHIRLPOOL CORPORATION COM 963320106 856 14600 SH SOLE 14600 0 0
YAHOO INC COM 984332106 925 5400 SH SOLE 5400 0 0
ZALE CORP NEW COM 988858106 13699 290300 SH DEFINED 225600 0 64700
DAIMLERCHRYSLER AG ORD SHR COM D1668R123 79612 1216605 SH DEFINED 1214105 0 2500
FEDERAL REALTY INVT TR 5.250% 10-28-2U31374AB4 9 10000 SH SOLE 10000 0 0
PT BANK INDONESIA RAYA TBK COM Y0632L102 0 13200 SH SOLE 13200 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>
