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 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____ July 10 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: 271
Form 13F Information Table Value Total: $5,249,169
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 9105 758726 SH DEFINED 597226 0 161500
ABM INDUSTRIES INC COM 000957100 329 14300 SH DEFINED 6000 0 8300
AT&T CORP COM 001957109 35215 1113525 SH DEFINED 1112013 0 1512
AT&T CORP/LIBERTY MEDIA CL A COM 001957208 46607 1921931 SH DEFINED 1920831 0 1100
ABBOTT LABORATORIES COM 002824100 650 14580 SH SOLE 14580 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 247 3343 SH SOLE 3343 0 0
AIRBORNE FGHT CORP COM COM 009266107 11849 625700 SH DEFINED 488000 0 137700
AB ELECTROLUX S ADR COM 010198208 315 10000 SH SOLE 10000 0 0
ALASKA AIR GROUP INC COM 011659109 6760 249200 SH DEFINED 169900 0 79300
ALBERTO CULVER CO CL B COM 013068101 17026 557100 SH DEFINED 433600 0 123500
ALCATEL SPON ADRS REP 013904305 100854 1516607 SH DEFINED 1514407 0 2200
AMERICA ONLINE INC COM 02364J104 1660 31500 SH SOLE 31500 0 0
AMERICAN EXPRESS CO COM 025816109 1234 23676 SH SOLE 23676 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 5752 97905 SH SOLE 97905 0 0
AMERICAN INTL GROUP INC COM 026874107 58108 494533 SH DEFINED 493903 0 630
AMGEN INC COM 031162100 1565 22271 SH SOLE 22271 0 0
ANIXTER INTL INC COM 035290105 14323 540500 SH DEFINED 417200 0 123300
APPLIED MATERIALS INC COM 038222105 254 2802 SH SOLE 2802 0 0
ARVIN INDUSTRIES INC COM 043339100 10327 594350 SH DEFINED 458550 0 135800
ASTRAZENECA PLC COM 046353108 71429 1536108 SH DEFINED 1534433 0 1675
AVENTIS SPONSORED ADR COM 053561106 94492 1302220 SH DEFINED 1299570 0 2650
AVISTA CORP COM 05379B107 10768 617500 SH DEFINED 479400 0 138100
AVNET INC COM 053807103 539 9100 SH SOLE 9100 0 0
AXA SA SPONSORED ADR COM 054536107 84009 1055884 SH DEFINED 1054109 0 1775
AZTAR CORP COM 054802103 8434 544100 SH DEFINED 533000 0 11100
BJ'S WHOLESALE CLUB INC COM 05548J106 10883 329800 SH DEFINED 259400 0 70400
BP AMOCO PLC SPONSORED ADRS COM 055622104 1077 19038 SH SOLE 19038 0 0
BANCO BILBAO VISCAYA ARGENTARIA SPONSO05946K101 57677 3910298 SH DEFINED 3902923 0 7375
BANCO SANTANDER SA COM 05964H105 58989 5685673 SH DEFINED 5672848 0 12825
BANK OF AMERICA CORP COM 060505104 49162 1143295 SH DEFINED 1142295 0 1000
BANK ONE CORP (NEW) COM 06423A103 302 11379 SH SOLE 11379 0 0
BANK OF TOKYO MITSUBISHI TR CO SPONSORED ADR 065379109 88537 7301988 SH DEFINED 7290938 0 11050
BAY VIEW CAPITAL CORP DEL COM 07262L101 6518 664300 SH DEFINED 506400 0 157900
BELL ATLANTIC CORP COM 077853109 46736 919765 SH DEFINED 918290 0 1475
BELLSOUTH CORP COM 079860102 47635 1117543 SH DEFINED 1116893 0 650
BERGEN BRUNSWIG CORP CL A COM 083739102 7688 1397750 SH DEFINED 1070350 0 327400
BERKSHIRE HATHAWAY INC CV CL A COM 084670108 323 6 SH SOLE 6 0 0
BERKSHIRE HATHAWAY INC CLASS B 084670207 54300 30852 SH DEFINED 30809 0 43
BIO RAD LABS INC COM 090572207 10028 401100 SH DEFINED 292200 0 108900
BIOSITE DIAGNOSTIC INC COM 090945106 386 8000 SH SOLE 8000 0 0
BLACK & DECKER MFG CO COM 091797100 877 22300 SH SOLE 22300 0 0
BOB EVANS FARMS INC COM 096761101 10731 718400 SH DEFINED 549300 0 169100
BORG WARNER INC COM 099724106 12325 350900 SH DEFINED 274000 0 76900
BOREL BANK & TRUST SAN MATEO COM 09972F101 2157 113520 SH DEFINED 46900 0 66620
BOWNE & CO INC COM 103043105 10191 1012800 SH DEFINED 768300 0 244500
BRINKER INTERNATIONAL INC COM 109641100 10328 353100 SH DEFINED 346100 0 7000
BRISTOL-MYERS SQUIBB CO COM 110122108 53712 922087 SH DEFINED 921499 0 588
BROADVISION INC COM 111412102 210 4140 SH SOLE 4140 0 0
BRUNSWICK CORP COM 117043109 628 37900 SH SOLE 37900 0 0
CIGNA CORP COM 125509109 1137 12164 SH SOLE 12164 0 0
CALIFORNIA WTR SVC GRP CA COM 130788102 11744 484300 SH DEFINED 371600 0 112700
CHASE MANHATTAN CORP COM 16161A108 808 17549 SH SOLE 17549 0 0
CHESAPEAKE CORP COM 165159104 13065 441000 SH DEFINED 339100 0 101900
CHEVRON CORP COM 166751107 579 6830 SH SOLE 6830 0 0
CHINA TELECOM HONG KONG LTD SPON ADR 169428109 76193 428501 SH DEFINED 427461 0 1040
CIBER INC. COM 17163B102 294 22180 SH SOLE 22180 0 0
CISCO SYSTEMS INC COM 17275R102 77695 1222348 SH DEFINED 1221698 0 650
CITIGROUP INC COM 172967101 55829 926615 SH DEFINED 925140 0 1475
CIVIC BANCORP COM 178788105 2312 160861 SH SOLE 160861 0 0
CLEVELAND-CLIFFS INC COM 185896107 7187 278450 SH DEFINED 207750 0 70700
CLOROX CO COM 189054109 1029 22952 SH SOLE 22952 0 0
COASTAL CORP COM 190441105 1412 23200 SH SOLE 23200 0 0
COCA-COLA COMPANY COM 191216100 53433 930282 SH DEFINED 929382 0 900
COMMERCIAL METALS CO COM 201723103 9450 343650 SH DEFINED 256050 0 87600
COMPUTER ASSOCIATES INTL INC COM 204912109 1105 21580 SH SOLE 21580 0 0
COMTECH TELECOMMUNICATIONS NEW COM 205826209 165 10000 SH SOLE 10000 0 0
CONSOLIDATED POWER BATTERY CORP 209952100 7 14200 SH SOLE 14200 0 0
CONSTELLATION ENERGY CORP COM 210371100 954 29300 SH SOLE 29300 0 0
CORNING INC. COM 219350105 540 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
DELTA AIR LINES, INC COM 247361108 870 17200 SH SOLE 17200 0 0
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 76720 1351898 SH DEFINED 1350223 0 1675
DILLARD'S INC COM 254067101 414 33800 SH SOLE 33800 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 248 6383 SH SOLE 6383 0 0
DOW CHEMICAL CO COM 260543103 394 13053 SH SOLE 13053 0 0
EMC CORPORATION MASS COM 268648102 646 8400 SH SOLE 8400 0 0
EASTERN ENTERPRISES COM 27637F100 6735 106900 SH DEFINED 100300 0 6600
ENDESA SA SPONSORED ADRS COM 29258N107 368 18875 SH SOLE 18875 0 0
ERICSSON L M TEL CO COM 294821400 58655 2932741 SH DEFINED 2926341 0 6400
EQUITY FOCUS TRUST UNITS UNCOMMON294933403 84 101527 SH SOLE 101527 0 0
EXXON MOBIL CORP COM 30231G102 69019 879223 SH DEFINED 877548 0 1675
FAMILY DLR STORES INC COM 307000109 673 34400 SH SOLE 34400 0 0
FEDEX CORP COM 31428X106 965 25400 SH SOLE 25400 0 0
FIAT S P A NEW SPONSORD ADR R315621888 42749 1652117 SH DEFINED 1648557 0 3560
FIRST AMERICAN CORP COM 318522307 11443 799500 SH DEFINED 619100 0 180400
FIRST REPUBLIC BANK COM 336158100 7788 390600 SH DEFINED 288400 0 102200
FLEETWOOD ENTERPRISES INC COM 339099103 10340 725600 SH DEFINED 563400 0 162200
FLUOR CORPORATION COM 343861100 525 16600 SH SOLE 16600 0 0
FORD MOTOR COMPANY COM 345370100 47421 1102811 SH DEFINED 1101561 0 1250
FORT JAMES CORP COM 347471104 775 33500 SH SOLE 33500 0 0
FRANKLIN RESOURCES INC COM 354613101 309 10180 SH SOLE 10180 0 0
FUJI PHOTO FILM LTD ADR 2 ORD COM 359586302 97618 2303658 SH DEFINED 2300033 0 3625
FULLER H B CO COM 359694106 14400 316050 SH DEFINED 243250 0 72800
GTE CORP COM 362320103 3820 61362 SH SOLE 61362 0 0
GENERAL ELECTRIC CO COM 369604103 83917 1583331 SH DEFINED 1580931 0 2400
GENERAL MILLS INCORPORATED COM 370334104 401 10480 SH SOLE 10480 0 0
GEO PETROLEUM INC COM 37246F102 11 12900 SH SOLE 12900 0 0
GIBRALTAR FINL CORP COM 374658102 1 10000 SH SOLE 10000 0 0
GLAXO WELLCOME PLC SPONS ADR COM 37733W105 64577 1117001 SH DEFINED 1114251 0 2750
GRANITE CONSTRUCTION INC COM 387328107 15162 618850 SH DEFINED 485150 0 133700
GREATER BAY BANCORP COM 391648102 2234 47796 SH DEFINED 3600 0 44196
GUIDANT CORP COM 401698105 232 4692 SH SOLE 4692 0 0
H QUOTIENT INC COM 40426E101 191 35000 SH SOLE 35000 0 0
HALLIBURTON CO (HOLDING CO) COM 406216101 212 4500 SH SOLE 4500 0 0
HANNAFORD BROS CO COM 410550107 1121 15600 SH SOLE 15600 0 0
HARMAN INTERNATIONAL INDS.,INC COM 413086109 11858 194400 SH DEFINED 148500 0 45900
HARRIS CORP DEL COM 413875105 926 28270 SH SOLE 28270 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 241 4300 SH SOLE 4300 0 0
HELMERICH & PAYNE COM 423452101 18202 487000 SH DEFINED 371500 0 115500
HEWLETT-PACKARD CO COM 428236103 1808 14475 SH SOLE 14475 0 0
HITACHI LTD ADR COM 433578507 98975 686733 SH DEFINED 685683 0 1050
HOME DEPOT INC COM 437076102 58830 1178063 SH DEFINED 1175713 0 2350
HONDA MOTOR LTD ADR COM 438128308 783 11383 SH SOLE 11383 0 0
HORACE MANN EDUCATOR COM 440327104 8568 571200 SH DEFINED 438400 0 132800
HORMEL FOODS CORP COM 440452100 810 48200 SH SOLE 48200 0 0
HOUSEHOLD INTL INC COM 441815107 257 6187 SH SOLE 6187 0 0
HUMANA INC COM 444859102 239 49100 SH SOLE 49100 0 0
UNTS HUTTON TEL TR 1ST TAX FREE EXCH447900101 270 48600 SH SOLE 48600 0 0
IDACORP INC COM 451107106 12690 393500 SH DEFINED 305300 0 88200
IMATRON INC COM 452906100 35 15000 SH SOLE 15000 0 0
ING GROEP NV ADR F SPONSORED ADR 456837103 90582 1341959 SH DEFINED 1339134 0 2825
INGERSOLL RAND CO COM 456866102 836 20762 SH SOLE 20762 0 0
INKTOMI CORP COM 457277101 501 4241 SH SOLE 4241 0 0
INTEL CORP COM 458140100 89413 668824 SH DEFINED 668274 0 550
INTERFACE INC CL A COM 458665106 6443 1690000 SH DEFINED 1286700 0 403300
INTERNATIONAL BUSINESS MACHINE COM 459200101 69404 633465 SH DEFINED 633190 0 275
INVACARE CORP COM 461203101 16839 641500 SH DEFINED 502500 0 139000
IOMEGA CORP COM 462030107 13725 3431200 SH DEFINED 2651900 0 779300
JDS UNIPHASE COM 46612J101 5805 48426 SH SOLE 48426 0 0
JLG INDS INC COM 466210101 10880 916200 SH DEFINED 709500 0 206700
JOHNSON & JOHNSON COM 478160104 63043 618825 SH DEFINED 617800 0 1025
JOHNSON CONTROLS COM 478366107 749 14600 SH SOLE 14600 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 10725 541300 SH DEFINED 421900 0 119400
KAUFMANN FD INC FUND 486250103 71 10583 SH SOLE 10583 0 0
KELLWOOD CO COM 488044108 11046 522900 SH DEFINED 404000 0 118900
KELLY SERVICES INC CLASS A COM 488152208 12115 523900 SH DEFINED 409300 0 114600
KONINKLIJKE PHILIPS ELECTRS NV SPON ADR NEW 500472204 83704 1762180 SH DEFINED 1759392 0 2788
LANIER WORLDWIDE INC COM 51589L105 24 24370 SH SOLE 24370 0 0
LEHMAN BROTHERS HOLDINGS INC COM 524908100 1456 15400 SH SOLE 15400 0 0
LIGHTWAVE CABLEVISION SYS INC COM 532266103 0 10000 SH SOLE 10000 0 0
LILLY ELI & COMPANY COM 532457108 77962 780596 SH DEFINED 779596 0 1000
LIMITED INC COM 532716107 1116 51600 SH SOLE 51600 0 0
LITTON INDS INC COM 538021106 760 18100 SH SOLE 18100 0 0
LONGS DRUG STORES INCORPORATED COM 543162101 11347 521700 SH DEFINED 409900 0 111800
LUBRIZOL CORP NEW COM 549271104 11086 527900 SH DEFINED 407900 0 120000
LUCENT TECHNOLOGIES COM 549463107 70736 1193861 SH DEFINED 1192986 0 875
MCN ENERGY GROUP INC COM 55267J100 398 18600 SH SOLE 18600 0 0
MSC INDUSTRIAL DIRECT CO INC COM 553530106 17464 834100 SH DEFINED 644500 0 189600
MATSUSHITA ELEC INDL SPONSORED ADR 576879209 88511 344400 SH DEFINED 343950 0 450
MCKESSON HBOC INC COM 58155Q103 791 37800 SH SOLE 37800 0 0
MEAD CORPORATION COM 582834107 750 29700 SH SOLE 29700 0 0
MERCK & CO INC COM 589331107 75423 984309 SH DEFINED 983409 0 900
MERRILL LYNCH & CO INC COM 590188108 943 8200 SH SOLE 8200 0 0
MICHAELS STORES COM 594087108 13730 299700 SH DEFINED 231500 0 68200
MICROSOFT CORP COM 594918104 61210 765121 SH DEFINED 764771 0 350
MINNESOTA MINING & MFG CO COM 604059105 338 4100 SH SOLE 4100 0 0
MORGAN J P & CO INC COM 616880100 280 2540 SH SOLE 2540 0 0
MORGAN STANLEY, DW, & CO COM 617446448 1103 13246 SH SOLE 13246 0 0
MOTOROLA INC COM 620076109 790 27196 SH SOLE 27196 0 0
MUELLER INDUSTRIES INC COM 624756102 9881 352900 SH DEFINED 275800 0 77100
NEC ADR COM 629050204 128367 809886 SH DEFINED 808261 0 1625
NABORS INDUSTRIES INC COM 629568106 12563 302257 SH DEFINED 235657 0 66600
NATIONAL AUSTRALIA BANK ADR COM 632525408 72628 877677 SH DEFINED 875502 0 2175
NATIONAL SEMICONDUCTOR COM 637640103 636 11200 SH SOLE 11200 0 0
NATL SERVICE IND COM 637657107 344 17200 SH SOLE 17200 0 0
NEW JERSEY RES CORP COM 646025106 12808 336500 SH DEFINED 259600 0 76900
NICOR INC COM 654086107 12610 386500 SH DEFINED 299700 0 86800
NOKIA CORP SPONSORED ADR COM 654902204 64804 1297702 SH DEFINED 1295322 0 2380
NORSK HYDRO AS SPONSORED ADR COM 656531605 61909 1471828 SH DEFINED 1469753 0 2075
NORTHROP GRUMMAN CORP COM 666807102 1133 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 304 3600 SH SOLE 3600 0 0
NYFIX INC COM 670712108 1415 33750 SH SOLE 33750 0 0
OGDEN CORPORATION COM 676346109 171 19000 SH SOLE 19000 0 0
OLD REPUBLIC INTL CORP COM 680223104 1872 113450 SH SOLE 113450 0 0
OMNIQUEST INC. COM 682122106 0 14000 SH SOLE 14000 0 0
ORACLE SYSTEMS CORPORATION COM 68389X105 918 10920 SH SOLE 10920 0 0
ORTHOLOGIC CORP COM 68750J107 49 10000 SH SOLE 10000 0 0
PACTIV CORP COM 695257105 10581 1343600 SH DEFINED 1040900 0 302700
PAINE WEBBER GROUP INC COM 695629105 8295 182300 SH DEFINED 149400 0 32900
PANACO INC COM 698106101 17 10000 SH SOLE 10000 0 0
PAREXEL INTL CORP COM 699462107 10908 1140700 SH DEFINED 881800 0 258900
PARKER HANNIFIN CORP COM 701094104 401 11722 SH SOLE 11722 0 0
PENTAIR INC COM 709631105 13550 381700 SH DEFINED 296500 0 85200
PERRIGO CO COM 714290103 9526 1509100 SH DEFINED 1155000 0 354100
PFIZER INC COM 717081103 136937 2852856 SH DEFINED 2848569 0 4287
PHARMACIA CORP COM 71713U102 857 16581 SH SOLE 16581 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 53732 2022846 SH DEFINED 2020321 0 2525
POPULAR INC COM 733174106 581 30500 SH SOLE 30500 0 0
PORTUGAL TELECOM S.A SPONSORED ADR 737273102 54910 4880863 SH DEFINED 4870713 0 10150
PRECISION DRYING SYSTEMS COM 740217104 0 15000 SH SOLE 15000 0 0
PROCTER AND GAMBLE COMPANY COM 742718109 43603 761631 SH DEFINED 761056 0 575
PROTECTIVE LIFE CORP COM 743674103 14662 550700 SH DEFINED 422200 0 128500
QUANEX CORPORATION COM 747620102 5804 390200 SH DEFINED 294400 0 95800
RALCORP HOLDINGS INC (NEW) COM 751028101 9930 810600 SH DEFINED 621200 0 189400
RALSTON PURINA GRP COM 751277302 211 10590 SH SOLE 10590 0 0
RAYMOND JAMES FIN'L CORP COM 754730109 587 26100 SH DEFINED 15800 0 10300
READ-RITE CORP COM 755246105 2459 1108100 SH DEFINED 803100 0 305000
REGIS CORP MINN COM 758932107 11406 912500 SH DEFINED 698300 0 214200
REPSOL SA - SPONSORED ADR COM 76026T205 1128 56950 SH SOLE 56950 0 0
ROSS STORES INC. COM 778296103 11357 665600 SH DEFINED 513400 0 152200
ROYAL DUTCH PETROLEUM CO PAR VALUE 1.25780257804 75939 1233523 SH DEFINED 1230848 0 2675
RUDDICK CORP COM 781258108 10162 860300 SH DEFINED 663100 0 197200
SBC COMMUNICATIONS INC COM 78387G103 53967 1247781 SH DEFINED 1246831 0 950
SCI SYSTEMS INC COM 783890106 1125 28700 SH SOLE 28700 0 0
SJNB FINANCIAL CORP COM 784273104 3144 112300 SH DEFINED 51500 0 60800
SJW CORP COM 784305104 755 6350 SH SOLE 6350 0 0
SPX CORP COM 784635104 221 1825 SH SOLE 1825 0 0
SANPAOLO IMS SPA SPONS ADR COM 799175104 61909 1750064 SH DEFINED 1747873 0 2191
SCANA CORP (NEW) COM 80589M102 861 35700 SH SOLE 35700 0 0
HENRY SCHEIN INC COM 806407102 14450 837700 SH DEFINED 645800 0 191900
SCHERING PLOUGH CORP COM 806605101 61332 1214492 SH DEFINED 1213681 0 811
SCOTTS CO COM 810186106 13366 366200 SH DEFINED 284700 0 81500
SEAGRAM LTD COM 811850106 58524 1009036 SH DEFINED 1005486 0 3550
SECOND BANCORP INC COM 813114105 158 10378 SH SOLE 10378 0 0
SIEBEL SYSTEMS INC COM 826170102 298 1822 SH SOLE 1822 0 0
SILICON VALLEY BANCSHARES COM 827064106 302 7080 SH DEFINED 880 0 6200
SONY CORP ADR COM 835699307 76263 808625 SH DEFINED 806525 0 2100
SOUTHDOWN, INC. COM 841297104 13710 237400 SH DEFINED 186200 0 51200
STANDARD REGISTER CO COM 853887107 7912 555200 SH DEFINED 446500 0 108700
STERIS CORP COM 859152100 10417 1173800 SH DEFINED 912800 0 261000
STRIDE RITE CORP COM 863314100 9597 1566900 SH DEFINED 1224400 0 342500
STRUCTURAL DYNAMICS RESEARCH COM 863555108 16379 1087400 SH DEFINED 837200 0 250200
SUN MICROSYSTEMS INC COM 866810104 950 10447 SH SOLE 10447 0 0
TALBOTS INC COM 874161102 12740 231900 SH DEFINED 179600 0 52300
TARGET CORP COM 87612E106 441 7600 SH SOLE 7600 0 0
TECH DATA CORPORATION COM 878237106 18353 421300 SH DEFINED 331300 0 90000
TELE DANMARK A/S SPONSORED ADR R879242105 51206 1506063 SH DEFINED 1501963 0 4100
TELEFONICA S A SPONSORED ADR 879382208 57614 899337 SH DEFINED 896788 0 2549
TESORO PETE CORP COM 881609101 12368 1221500 SH DEFINED 949000 0 272500
TEXACO INC COM 881694103 242 4541 SH SOLE 4541 0 0
TEXAS INDS INC COM 882491103 12148 420700 SH DEFINED 324300 0 96400
TEXAS INSTRUMENTS INCORPORATED COM 882508104 627 9132 SH SOLE 9132 0 0
THORN APPLE VALLEY INC COM 885184101 1 10000 SH SOLE 10000 0 0
TIFFANY & CO NEW COM 886547108 216 3200 SH SOLE 3200 0 0
TIME WARNER INC COM 887315109 1155 15200 SH SOLE 15200 0 0
TOKHEIM CORP COM 889073102 24 15000 SH SOLE 15000 0 0
TORO COMPANY COM 891092108 10708 325100 SH DEFINED 250900 0 74200
TOSCO CORP COM NEW COM 891490302 963 34000 SH SOLE 34000 0 0
TOTAL FINA ELF SA SPON ADR COM 89151E109 79526 1035326 SH DEFINED 1032651 0 2675
TOYOTA MOTOR CORP ADR 2 COM COM 892331307 98208 1053880 SH DEFINED 1051855 0 2025
USX - U S STEEL GROUP COM 90337T101 410 22100 SH SOLE 22100 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 8134 327820 SH DEFINED 227520 0 100300
UNILEVER NV NY SHS NEW COM 904784709 62541 1454436 SH DEFINED 1451932 0 2504
UNIONBANCAL CORP COM 908906100 551 29700 SH SOLE 29700 0 0
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 16306 248950 SH DEFINED 193950 0 55000
UNOCAL CORP COM 915289102 869 26237 SH SOLE 26237 0 0
UNUMPROVIDENT CORP COM 91529Y106 615 30635 SH SOLE 30635 0 0
V F CORP COM 918204108 536 22500 SH SOLE 22500 0 0
VALERO ENERGY CORP (NEW) COM 91913Y100 13506 425400 SH DEFINED 332800 0 92600
VARCO INTL INC DEL COM 922122106 17534 754140 SH DEFINED 583713 0 170426
VIRTUAL SELLERS.COM INC COM 92825Y105 80 40000 SH SOLE 40000 0 0
VISTEON CORP COM 92839U107 1713 141275 SH DEFINED 141223 0 52
VOLVO AKTIEBOLAGET ADR B COM 928856400 50036 2287355 SH DEFINED 2280930 0 6425
WAL MART STORES INC COM 931142103 69117 1199432 SH DEFINED 1197382 0 2050
WEBB DEL CORP COM 947423109 12020 785000 SH DEFINED 606300 0 178700
WELLPOINT HEALTH NETWORKS COM 94973H108 862 11900 SH SOLE 11900 0 0
WESTAMERICA BANCORPORATION COM 957090103 13183 504600 SH DEFINED 389500 0 115100
WESTERN DIGITAL CORP COM 958102105 365 73000 SH SOLE 73000 0 0
WEYERHAEUSER COMPANY COM 962166104 295 6850 SH SOLE 6850 0 0
WHIRLPOOL CORPORATION COM 963320106 676 14500 SH SOLE 14500 0 0
WORLDCOM INC COM 98157D106 54171 1180835 SH DEFINED 1178635 0 2200
YAHOO INC COM 984332106 669 5400 SH SOLE 5400 0 0
ZALE CORP NEW COM 988858106 10319 282700 SH DEFINED 218500 0 64200
DAIMLERCHRYSLER AG ORD SHR COM D1668R123 76695 1473128 SH DEFINED 1470553 0 2575
FEDERAL REALTY INVT TR 5.250% 10-28-2U31374AB4 9 10000 SH SOLE 10000 0 0
PT BANK INDONESIA RAYA TBK COM Y0632L102 0 1000000 SH SOLE 1000000 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>
