STATE OF WISCONSIN INVESTMENT BOARD
13F-E, 1997-05-15
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                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    03/31/97                                                                        
                                                                                                                                  
                                                                                                                                  
Institutional Investment Manager:                                                                                                 
                                                                                                                                  
STATE OF WISCONSIN INVESTMENT BOARD                                                                                               
P.O.BOX 7842                                                                                                                      
MADISON                                           WI            53702-0000                                                        
                                                                                                                                  
                                                                                                                                  
 I represent that I am authorized to submit this form and that                                                                    
all information in this form and the attachments to it are true,                                                                  
correct and complete and I understand that all required items,                                                                    
statements and schedules are integral parts of this form and that                                                                 
the submission of any amendment represents that all unamended                                                                     
items, statements and schedules remain true, correct and complete                                                                 
as previously submitted.                                                                                                          
                                                                                                                                  
 I am signing this report as required by the Securities Exchange                                                                  
Act of 1934                                                                                                                       
                                                                                                                                  
                                                                                                                                  
Name, Title and Telephone Number of Person Submitting Report:                                                                     
                                                                                                                                  
    GEORGE NATZKE                  CHIEF FINANCIAL OFFICER      608-267-2059                                                      
                                                                                                                                  
                                                                                                                                  
Signature, Place and Date of Signing:                                                                                             
                                                                                                                                  
/s/ GEORGE NATZKE                  MADISON                      WI    04/28/97                                                    
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   2                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
ACE LTD                        ORD              G0070K103    49292   770184 SH       SOLE                 770184        0        0
CREDICORP LTD                  COM              G2519Y108     5509   235700 SH       SOLE                 235700        0        0
CIMATRON LTD                   ORD              M23798107     1196   215000 SH       SOLE                 215000        0        0
SAPIENS INTL CORP N V          ORD              N7716A102     4500  1200000 SH       SOLE                1200000        0        0
PANAMERICAN BEVERAGES INC      CL A             P74823108    15027   280230 SH       SOLE                 280230        0        0
ABC RAIL PRODS CORP            COM              000752105     8688   500000 SH       SOLE                 500000        0        0
AM INTL INC NEW                COM              001725100     2427   669463 SH       SOLE                 669463        0        0
ARI NETWORK SVCS INC           COM              001930106     1506  1267500 SH       SOLE                1267500        0        0
AT&T CORP                      COM              001957109    31286   897099 SH       SOLE                 897099        0        0
APL LTD                        COM              00202M107     4866   231700 SH       SOLE                 231700        0        0
ABB AB                         SPONSORED ADR    00256Q103     3356    31000 SH       SOLE                  31000        0        0
ABBOTT LABS                    COM              002824100     9646   171869 SH       SOLE                 171869        0        0
ACNIELSEN CORP                 COM              004833109    10689   712600 SH       SOLE                 712600        0        0
ADEPT TECHNOLOGY INC           COM              006854103     1550   200000 SH       SOLE                 200000        0        0
ADOBE SYS INC                  COM              00724F101    38119   950000 SH       SOLE                 950000        0        0
ADVANCED TISSUE SCIENCES INC   COM              00755F103    25250  2404800 SH       SOLE                2404800        0        0
ADVANCED TECHNOLOGIES LABS INC COM              00755N106    24698   833700 SH       SOLE                 833700        0        0
AETNA INC                      COM              008117103    28258   329056 SH       SOLE                 329056        0        0
AIR & WTR TECHNOLOGIES CORP    CL A             009058108    15150  3107775 SH       SOLE                3107775        0        0
AIR PRODS & CHEMS INC          COM              009158106     6365    93770 SH       SOLE                  93770        0        0
AIRTOUCH COMMUNICATIONS INC    COM              00949T100    14375   625000 SH       SOLE                 625000        0        0
ALBERTSONS INC                 COM              013104104     8568   252000 SH       SOLE                 252000        0        0
ALLEGHENY TELEDYNE INC         COM              017415100    11250   400000 SH       SOLE                 400000        0        0
ALLEGIANCE CORP                COM              017475104    14813   669500 SH       SOLE                 669500        0        0
ALLEN TELECOM INC              COM              018091108    45178  2581600 SH       SOLE                2581600        0        0
ALLERGAN INC                   COM              018490102     8738   300000 SH       SOLE                 300000        0        0
ALLIANCE SEMICONDUCTOR CORP    COM              01877H100    27381  3370000 SH       SOLE                3370000        0        0
ALLSTATE CORP                  COM              020002101    18234   307101 SH       SOLE                 307101        0        0
ALPHA BETA TECHNOLOGY INC      COM              02071K105    17106  1610000 SH       SOLE                1610000        0        0
ALPHARMA INC                   CL A             020813101    17430  1267600 SH       SOLE                1267600        0        0
ALTERNATIVE RESOURCES CORP     COM              02145R102     3781   250000 SH       SOLE                 250000        0        0
ALUMINUM CO AMER               COM              022249106    79068  1162772 SH       SOLE                1162772        0        0
ALZA CORP DEL                  COM              022615108    16500   600000 SH       SOLE                 600000        0        0
AMCOL INTL CORP                COM              02341W103     3335   184000 SH       SOLE                 184000        0        0
AMERICAN BUSINESS INFORMATION  COM              02476F107     1611    82600 SH       SOLE                  82600        0        0
AMERICAN ELEC PWR INC          COM              025537101    10827   262467 SH       SOLE                 262467        0        0
AMERICAN HOME PRODS CORP       COM              026609107    31686   528100 SH       SOLE                 528100        0        0
AMERICAN INTL GROUP INC        COM              026874107    31495   268329 SH       SOLE                 268329        0        0
AMERICAN ONCOLOGY RES INC      COM              028910107     5556   635000 SH       SOLE                 635000        0        0
AMERICAN PWR CONVERSION CORP   COM              029066107   163355  7554000 SH       SOLE                7554000        0        0
AMERICAN SOFTWARE INC          CL A             029683109    11410  1630000 SH       SOLE                1630000        0        0
AMERICAN STS FINL CORP         COM              029861101     4172   125000 SH       SOLE                 125000        0        0
AMERIN CORP                    COM              03070X106     7295   362500 SH       SOLE                 362500        0        0
AMGEN INC                      COM              031162100    16558   296346 SH       SOLE                 296346        0        0
AMP INC                        COM              031897101    36128  1051000 SH       SOLE                1051000        0        0
AMOCO CORP                     COM              031905102    79196   914240 SH       SOLE                 914240        0        0
AMSOUTH BANCORPORATION         COM              032165102    10133   210000 SH       SOLE                 210000        0        0
AMYLIN PHARMACEUTICALS INC     COM              032346108    22795  1880000 SH       SOLE                1880000        0        0
ANADARKO PETE CORP             COM              032511107    16838   300000 SH       SOLE                 300000        0        0
ANALOG DEVICES INC             COM              032654105     3375   150000 SH       SOLE                 150000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   3                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
ANALOGY INC                    COM              032659104     2924   731000 SH       SOLE                 731000        0        0
ANDREW CORP                    COM              034425108    15281   423000 SH       SOLE                 423000        0        0
ANHEUSER BUSCH COS INC         COM              035229103    22702   550344 SH       SOLE                 550344        0        0
ANTEC CORP                     COM              03664P105    15237  1934800 SH       SOLE                1934800        0        0
APACHE CORP                    COM              037411105    40200  1200000 SH       SOLE                1200000        0        0
APPLE SOUTH INC                COM              037857109    46042  3508000 SH       SOLE                3508000        0        0
APPLIED DIGITAL ACCESS INC     COM              038181103     5039   959800 SH       SOLE                 959800        0        0
APPLIED MATLS INC              COM              038222105    22522   485640 SH       SOLE                 485640        0        0
AQUILA BIOPHARM INC            COM              03839F107     2070   414074 SH       SOLE                 414074        0        0
ARCH COMMUNICATIONS GROUP INC  COM              039381108     2383   615000 SH       SOLE                 615000        0        0
ARCHER DANIELS MIDLAND CO      COM              039483102    12391   693225 SH       SOLE                 693225        0        0
ARCTIC CAT INC                 COM              039670104    25695  2602000 SH       SOLE                2602000        0        0
ARDEN INDL PRODS INC           COM              039780101     2228   532000 SH       SOLE                 532000        0        0
ARKANSAS BEST CORP DEL         COM              040790107     9802  1912500 SH       SOLE                1912500        0        0
ARMCO INC                      COM              042170100    42391 10597700 SH       SOLE               10597700        0        0
ARQULE INC                     COM              04269E107      899    58000 SH       SOLE                  58000        0        0
ASA HLDGS INC                  COM              04338Q107     8906   429200 SH       SOLE                 429200        0        0
ASSOCIATES FIRST CAP CORP      CL A             046008108    17340   403250 SH       SOLE                 403250        0        0
ATLANTIC RICHFIELD CO          COM              048825103    10125    75000 SH       SOLE                  75000        0        0
ATLAS AIR INC                  COM              049164106     5250   200000 SH       SOLE                 200000        0        0
ATMEL CORP                     COM              049513104    19150   800000 SH       SOLE                 800000        0        0
AUSPEX SYS INC                 COM              052116100    21637  1871200 SH       SOLE                1871200        0        0
AUTOIMMUNE INC                 COM              052776101    17490  1590000 SH       SOLE                1590000        0        0
AUTOMATIC DATA PROCESSING INC  COM              053015103    10014   239138 SH       SOLE                 239138        0        0
AUTOTOTE CORP                  CL A             053323101     2988  2810500 SH       SOLE                2810500        0        0
AZTAR CORP                     COM              054802103     7557  1060700 SH       SOLE                1060700        0        0
BMC SOFTWARE INC               COM              055921100    46586  1010000 SH       SOLE                1010000        0        0
BW/IP INC                      CL A             056044100     7449   492500 SH       SOLE                 492500        0        0
BAKER HUGHES INC               COM              057224107    69816  1819298 SH       SOLE                1819298        0        0
BAKER J INC                    COM              057232100     4217   468500 SH       SOLE                 468500        0        0
BALDWIN PIANO & ORGAN CO       COM              058246109     4050   300000 SH       SOLE                 300000        0        0
BALLARD MED PRODS              COM              058566100    34684  1661500 SH       SOLE                1661500        0        0
BANCO DE SANTANDER             ADR              059574202     2516    37000 SH       SOLE                  37000        0        0
BANK OF BOSTON CORP            COM              060716107    13400   200000 SH       SOLE                 200000        0        0
BANKAMERICA CORP               COM              066050105    24957   247410 SH       SOLE                 247410        0        0
BANTA CORP                     COM              066821109    12255   480600 SH       SOLE                 480600        0        0
BARRICK GOLD CORP              COM              067901108     9500   400000 SH       SOLE                 400000        0        0
BAXTER INTL INC                COM              071813109    16146   374390 SH       SOLE                 374390        0        0
BAY ST GAS CO                  COM PAR $3.33    072612609     3767   147000 SH       SOLE                 147000        0        0
BE AEROSPACE INC               COM              073302101     7191   293500 SH       SOLE                 293500        0        0
BEAR STEARNS COS INC           COM              073902108     8138   310000 SH       SOLE                 310000        0        0
BELCO OIL & GAS CORP           COM              077410108     4531   250000 SH       SOLE                 250000        0        0
BELL SPORTS CORP               COM              077903102     1613   300000 SH       SOLE                 300000        0        0
BEMIS INC                      COM              081437105    25595   639865 SH       SOLE                 639865        0        0
BERGEN BRUNSWIG CORP           CL A             083739102    13685   460000 SH       SOLE                 460000        0        0
BERKSHIRE HATHAWAY INC DEL     CL B             084670207    16335    13500 SH       SOLE                  13500        0        0
BETHLEHEM STL CORP             COM              087509105    12857  1558400 SH       SOLE                1558400        0        0
BIG ENTMT INC                  COM              089144109     2175   400000 SH       SOLE                 400000        0        0
BIOGEN INC                     COM              090597105    33944   908200 SH       SOLE                 908200        0        0
BIOTRANSPLANT INC              COM              09066Y107     2991   435000 SH       SOLE                 435000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   4                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
BLYTH HLDGS INC                COM              096434105      434   660834 SH       SOLE                 660834        0        0
BOEING CO                      COM              097023105    82622   837740 SH       SOLE                 837740        0        0
BOMBAY CO INC                  COM              097924104    15239  3694300 SH       SOLE                3694300        0        0
BOOMTOWN INC                   COM              098588106     6519   915000 SH       SOLE                 915000        0        0
BOSTON COMMUNICATIONS GROUP    COM              100582105      208    47600 SH       SOLE                  47600        0        0
BOWATER INC                    COM              102183100     7775   200000 SH       SOLE                 200000        0        0
BRADY WH CO                    CL A             104674106     3769   150000 SH       SOLE                 150000        0        0
BRINKER INTL INC               COM              109641100    49926  3954500 SH       SOLE                3954500        0        0
BRISTOL MYERS SQUIBB CO        COM              110122108    36663   621404 SH       SOLE                 621404        0        0
BRITISH PETE PLC               AMERN SH         110889409   117184   853800 SH       SOLE                 853800        0        0
BROOKLYN UN GAS CO             COM              114259104     7156   260200 SH       SOLE                 260200        0        0
BROWNING FERRIS INDS           COM              115885105     7219   250000 SH       SOLE                 250000        0        0
BRUNSWICK CORP                 COM              117043109    10750   400000 SH       SOLE                 400000        0        0
BRUSH WELLMAN INC              COM              117421107    16131   890000 SH       SOLE                 890000        0        0
C ATS SOFTWARE INC             COM              124778101     2290   463700 SH       SOLE                 463700        0        0
CML GROUP INC                  COM              125820100     8666  4622000 SH       SOLE                4622000        0        0
CMS ENERGY CORP                COM              125896100    38855  1181900 SH       SOLE                1181900        0        0
CPB INC                        COM              125903104     9144   275000 SH       SOLE                 275000        0        0
C P CLARE CORP                 COM              12615K107     7298   695000 SH       SOLE                 695000        0        0
CUC INTL INC                   COM              126545102     2374   105497 SH       SOLE                 105497        0        0
CVS CORP                       COM              126650100     4613   100000 SH       SOLE                 100000        0        0
CABOT CORP                     COM              127055101     1200    50000 SH       SOLE                  50000        0        0
CAERE CORP                     COM              127646107     8906  1250000 SH       SOLE                1250000        0        0
CALIFORNIA MICROWAVE INC       COM              130442106     9286   646000 SH       SOLE                 646000        0        0
CAMBRIDGE NEUROSCIENCE INC     COM              132426107    10306   970000 SH       SOLE                 970000        0        0
CAPSTAR HOTEL CO               COM              140918103     2800   100000 SH       SOLE                 100000        0        0
CARDIAC PATHWAYS CORP          COM              141408104     4868   590000 SH       SOLE                 590000        0        0
CARDINAL HEALTH INC            COM              14149Y108     6797   125000 SH       SOLE                 125000        0        0
CARDIOGENESIS CORP             COM              14159K105     2340   180000 SH       SOLE                 180000        0        0
CARIBINER INTL INC             COM              141888107    14025   300000 SH       SOLE                 300000        0        0
CARDIOTHORACIC SYS INC         COM              141907105     7969   375000 SH       SOLE                 375000        0        0
CARMIKE CINEMAS INC            CL A             143436103     5107   178400 SH       SOLE                 178400        0        0
CARNIVAL CORP                  CL A             143658102    16706   450000 SH       SOLE                 450000        0        0
CARRAMERICA REALTY CORP        COM              14441K103    13530   440000 SH       SOLE                 440000        0        0
CASE CORP                      COM              14743R103    25375   500000 SH       SOLE                 500000        0        0
CASINO MAGIC CORP              COM              147590103     2441  1346500 SH       SOLE                1346500        0        0
CATALYST INTL INC              COM              14887T105     2385   795000 SH       SOLE                 795000        0        0
CELADON GROUP INC              COM              150838100     2831   269600 SH       SOLE                 269600        0        0
CELERITEK INC                  COM              150926103     7339   667200 SH       SOLE                 667200        0        0
CELLPRO INC                    COM              151156106     1671   259600 SH       SOLE                 259600        0        0
CENTOCOR INC                   COM              152342101    98686  3235600 SH       SOLE                3235600        0        0
CEPHALON INC                   COM              156708109    50931  2425300 SH       SOLE                2425300        0        0
CERION TECHNOLOGIES INC        COM              156916108     2702   686200 SH       SOLE                 686200        0        0
CHANNELL COML CORP             COM              159186105     3675   350000 SH       SOLE                 350000        0        0
CHASE MANHATTAN CORP NEW       COM              16161A108    20149   214633 SH       SOLE                 214633        0        0
CHEVRON CORPORATION            COM              166751107    26063   374332 SH       SOLE                 374332        0        0
CHICAGO MINIATURE LAMP INC     COM              167781103    14185   722800 SH       SOLE                 722800        0        0
CHIQUITA BRANDS INTL INC       PFD A NON VTG    170032403     6649   135000 SH       SOLE                 135000        0        0
CHIREX INC                     COM              170038103     8733   852000 SH       SOLE                 852000        0        0
CHRYSLER CORP                  COM              171196108    11684   389475 SH       SOLE                 389475        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   5                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
CIRCUIT CITY STORE INC         CIRCT CITY GRP   172737108     1275    38217 SH       SOLE                  38217        0        0
CISCO SYS INC                  COM              17275R102    15750   327266 SH       SOLE                 327266        0        0
CIRRUS LOGIC CORP              COM              172755100     2546   210000 SH       SOLE                 210000        0        0
CIRCUS CIRCUS ENTERPRISES INC  COM              172909103    31850  1225000 SH       SOLE                1225000        0        0
CITICORP                       COM              173034109    18944   175000 SH       SOLE                 175000        0        0
COCA COLA CO                   COM              191216100    62630  1123413 SH       SOLE                1123413        0        0
COCENSYS INC                   COM              191263102     2150   400000 SH       SOLE                 400000        0        0
COGNEX CORP                    COM              192422103     2850   150000 SH       SOLE                 150000        0        0
COLGATE PALMOLIVE CO           COM              194162103    29044   291529 SH       SOLE                 291529        0        0
COLUMBIA/HCA HEALTHCARE CORP   COM              197677107    14918   443650 SH       SOLE                 443650        0        0
COMPUTER ASSOC INTL INC        COM              204912109     7933   204056 SH       SOLE                 204056        0        0
COMPUTER SCIENCES CORP         COM              205363104    31063   500000 SH       SOLE                 500000        0        0
COMPUWARE CORP                 COM              205638109   152269  2426600 SH       SOLE                2426600        0        0
CONNECTIVE THERAPEUTICS INC    COM              207854100     5126   695000 SH       SOLE                 695000        0        0
CONSOLIDATED PAPERS INC        COM              209759109     9867   189300 SH       SOLE                 189300        0        0
CONSOLIDATED STORES CORP       COM              210149100    26601   754625 SH       SOLE                 754625        0        0
CONTROL DEVICES INC            COM              21238C103     3313   265000 SH       SOLE                 265000        0        0
CONTROL DATA SYSTEMS INC       COM              21238F106     2118   140000 SH       SOLE                 140000        0        0
COOPER INDS INC                COM              216669101    26025   600000 SH       SOLE                 600000        0        0
COPART INC                     COM              217204106    20216  1253700 SH       SOLE                1253700        0        0
COR THERAPEUTICS INC           COM              217753102    14573  1534000 SH       SOLE                1534000        0        0
CORDIANT PLC                   SPONSORED ADR    218514107    85748 14595422 SH       SOLE               14595422        0        0
CORNING INC                    COM              219350105    41491   935000 SH       SOLE                 935000        0        0
COSTCO COMPANIES INC           COM              22160Q102    66300  2400000 SH       SOLE                2400000        0        0
COTT CORP QUE                  COM              22163N106    20849  2111300 SH       SOLE                2111300        0        0
COUNTRYWIDE CR INDS INC DEL    COM              222372104    12375   500000 SH       SOLE                 500000        0        0
COVANCE INC                    COM              222816100     3769   233750 SH       SOLE                 233750        0        0
CRACKER BARREL OLD CTRY STR    COM              224100107    13063   500000 SH       SOLE                 500000        0        0
CREDENCE SYS CORP              COM              225302108    10062   516000 SH       SOLE                 516000        0        0
CRESTAR FINL CORP              COM              226091106     7541   217800 SH       SOLE                 217800        0        0
CROMPTON & KNOWLES CORP        COM              227111101    28013  1436550 SH       SOLE                1436550        0        0
CROWN CORK & SEAL INC          COM              228255105     1291    25000 SH       SOLE                  25000        0        0
CUBIST PHARMACEUTICALS INC     COM              229678107      525    50000 SH       SOLE                  50000        0        0
CUSTOM CHROME INC              COM              231905100     6467   470300 SH       SOLE                 470300        0        0
CYBERONICS INC                 COM              23251P102     3680   718000 SH       SOLE                 718000        0        0
CYGNUS INC                     COM              232560102      538    39500 SH       SOLE                  39500        0        0
CYTEL CORP                     COM              23282E100     5759  2425000 SH       SOLE                2425000        0        0
CYTOGEN CORP                   COM              232824102    12379  2129500 SH       SOLE                2129500        0        0
DSC COMMUNICATIONS CORP        COM              233311109    50988  2435206 SH       SOLE                2435206        0        0
DSP COMMUNICATIONS INC         COM              23332K106     1944   202000 SH       SOLE                 202000        0        0
DAMES & MOORE INC              COM              235713104    15733  1210200 SH       SOLE                1210200        0        0
DANA CORP                      COM              235811106    39039  1187500 SH       SOLE                1187500        0        0
DELMARVA PWR & LT CO           COM              247109101      827    45000 SH       SOLE                  45000        0        0
DENDRITE INTL INC              COM              248239105     7500   800000 SH       SOLE                 800000        0        0
DENTSPLY INTL INC NEW          COM              249030107     9500   190000 SH       SOLE                 190000        0        0
DEPARTMENT 56 INC              COM              249509100     1413    81341 SH       SOLE                  81341        0        0
DEPUY INC                      COM              249726100    14241   651000 SH       SOLE                 651000        0        0
DIACRIN INC                    COM              25243N103     8414   635000 SH       SOLE                 635000        0        0
DIACRIN INC                    WT EXP  123100   25243N111     2438   650000 SH       SOLE                 650000        0        0
DIAMETRICS MED INC             COM              252532106     4830  1380000 SH       SOLE                1380000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   6                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
DILLARD DEPT STORES INC        CL A             254063100     4671   148277 SH       SOLE                 148277        0        0
DIME BANCORP INC NEW           COM              25429Q102     4613   300000 SH       SOLE                 300000        0        0
DISNEY WALT CO                 COM              254687106    36491   500729 SH       SOLE                 500729        0        0
DONNA KARAN INTL INC           COM              257826107     4726   491000 SH       SOLE                 491000        0        0
DOW CHEM CO                    COM              260543103    15906   199138 SH       SOLE                 199138        0        0
DRESSER INDS INC               COM              261597108    99962  3304528 SH       SOLE                3304528        0        0
DRILEX INTL INC                COM              262044100     3742   305500 SH       SOLE                 305500        0        0
DU PONT E I DE NEMOURS & CO    COM              263534109    38562   363797 SH       SOLE                 363797        0        0
DURA AUTOMOTIVE SYSTEMS CORP   CL A             265903104     4512   192000 SH       SOLE                 192000        0        0
DYNAMIC HEALTHCARE TECHNOLOGS  COM              267927101     6600   960000 SH       SOLE                 960000        0        0
EG & G INC                     COM              268457108    19330   926000 SH       SOLE                 926000        0        0
EASTERN ENTERPRISES            COM              27637F100     4477   145000 SH       SOLE                 145000        0        0
EASTMAN KODAK CO               COM              277461109    33975   447033 SH       SOLE                 447033        0        0
ECHOSTAR COMMUNICATIONS NEW    CL A             278762109     1589    77500 SH       SOLE                  77500        0        0
ECLIPSE SURGICAL TECHNOLOGIES  COM              278849104      140    23334 SH       SOLE                  23334        0        0
EDWARDS AG INC                 COM              281760108    17331   563600 SH       SOLE                 563600        0        0
EL PASO NAT GAS CO             COM NEW          283695872     6374   112557 SH       SOLE                 112557        0        0
ELECTROGLAS INC                COM              285324109    20886  1202100 SH       SOLE                1202100        0        0
ELECTRONIC ARTS INC            COM              285512109    13313   500000 SH       SOLE                 500000        0        0
ELECTRONIC DATA SYS NEW        COM              285661104    74873  1866000 SH       SOLE                1866000        0        0
ELECTRONIC RETAILING SYS INTL  COM              285825105     1140   240000 SH       SOLE                 240000        0        0
EMERSON ELEC CO                COM              291011104    15975   355001 SH       SOLE                 355001        0        0
ENERGY BIOSYSTEMS CORP         COM              29265L102     5773   942500 SH       SOLE                 942500        0        0
ENERSIS S A                    SPONSORED ADR    29274F104      635    20000 SH       SOLE                  20000        0        0
ENGELHARD CORP                 COM              292845104    64613  3076800 SH       SOLE                3076800        0        0
ENGINEERING ANIMATION INC      COM              292872108     1000    43000 SH       SOLE                  43000        0        0
ENRON CORP                     COM              293561106    24591   645000 SH       SOLE                 645000        0        0
ENRON OIL & GAS CO             COM              293562104     5188   250000 SH       SOLE                 250000        0        0
ENZON INC                      COM              293904108     6461  2521000 SH       SOLE                2521000        0        0
ENVIRONMENTAL ELEMENTS CORP    COM              293940102     1271   598200 SH       SOLE                 598200        0        0
EQUIFAX INC                    COM              294429105    20859   769000 SH       SOLE                 769000        0        0
EQUITABLE COS INC              COM              29444G107    13625   500000 SH       SOLE                 500000        0        0
ERICSSON L M TEL CO            ADR CL B SEK10   294821400   124919  3694400 SH       SOLE                3694400        0        0
EVANS & SUTHERLAND COMPUTER CP COM              299096107    20129   813300 SH       SOLE                 813300        0        0
EVEREST REINS HLDGS INC        COM              299808105    12925   440000 SH       SOLE                 440000        0        0
EXABYTE CORP                   COM              300615101    11160   920400 SH       SOLE                 920400        0        0
EXIDE CORP                     COM              302051107    33814  2065000 SH       SOLE                2065000        0        0
EXOGEN INC                     COM              302092101     5088   884800 SH       SOLE                 884800        0        0
EXXON CORP                     COM              302290101    57992   538207 SH       SOLE                 538207        0        0
FSI INTL INC                   COM              302633102     9000   800000 SH       SOLE                 800000        0        0
FEDERAL EXPRESS CORP           COM              313309106    17723   340000 SH       SOLE                 340000        0        0
FEDERAL NATL MTG ASSN          COM              313586109    23075   638763 SH       SOLE                 638763        0        0
FEDERATED DEPT STORES INC DEL  COM              31410H101    19875   600000 SH       SOLE                 600000        0        0
FEMALE HEALTH CO               COM              314462102     1389   635000 SH       SOLE                 635000        0        0
FINOVA GROUP INC               COM              317928109    13525   200000 SH       SOLE                 200000        0        0
FIRST BK SYS INC               COM              319279105     9162   125500 SH       SOLE                 125500        0        0
FIRST DATA CORP                COM              319963104     8469   250000 SH       SOLE                 250000        0        0
FIRST FINL CORP WISC           COM              320227101     1659    63500 SH       SOLE                  63500        0        0
FIRST NORTHN SV BK S A GREEN   COM              335832101     3167   166700 SH       SOLE                 166700        0        0
FIRST SEC CORP DEL             COM              336294103    12914   402000 SH       SOLE                 402000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   7                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
FIRST TENN NATL CORP           COM              337162101      634    15000 SH       SOLE                  15000        0        0
FIRSTAR CORP                   COM              33761C103     2750   100000 SH       SOLE                 100000        0        0
FISERV INC                     COM              337738108    16576   445000 SH       SOLE                 445000        0        0
FLEET FINL GROUP INC NEW       COM              338915101    61238  1071994 SH       SOLE                1071994        0        0
FLETCHER CHALLENGE LTD         SPN ADR FSTDIV   339324402     3750   300000 SH       SOLE                 300000        0        0
FLUOR CORP                     COM              343861100    41654   793400 SH       SOLE                 793400        0        0
FOAMEX INTL INC                COM              344123104     8047   515000 SH       SOLE                 515000        0        0
FOOD LION INC                  CL B             344775101     3212   400000 SH       SOLE                 400000        0        0
FOOD LION INC                  CL A             344775200     9826  1200000 SH       SOLE                1200000        0        0
FORD MTR CO DEL                COM              345370100    17062   543800 SH       SOLE                 543800        0        0
FORENSIC TECHNOLOGIES INTL     COM              345518104     1613   268800 SH       SOLE                 268800        0        0
FOREST LABS INC                CL A             345838106    17308   460000 SH       SOLE                 460000        0        0
FORT HOWARD CORP NEW           COM              347461105   208752  6706900 SH       SOLE                6706900        0        0
FRITZ COS INC                  COM              358846103    11885  1226800 SH       SOLE                1226800        0        0
FRUIT OF THE LOOM INC          CL A             359416104    16600   400000 SH       SOLE                 400000        0        0
FUSION MED TECHNOLOGIES INC    COM              361128101     1847   476600 SH       SOLE                 476600        0        0
FUSION SYSTEMS CORP            COM              361129109     1781    75000 SH       SOLE                  75000        0        0
GALOOB TOYS INC                COM              364091108     6610   357300 SH       SOLE                 357300        0        0
GARGOYLES INC                  COM              366033108     1067   133334 SH       SOLE                 133334        0        0
GASONICS INTL CORP             COM              367278108     4631   325000 SH       SOLE                 325000        0        0
GENEMEDICINE INC               COM              368707105     3938   630000 SH       SOLE                 630000        0        0
GENERAL DATACOMM INDS INC      COM              369487103     6413   968000 SH       SOLE                 968000        0        0
GENERAL ELEC CO                COM              369604103    79694   802964 SH       SOLE                 802964        0        0
GENERAL MLS INC                COM              370334104    13442   216368 SH       SOLE                 216368        0        0
GENERAL MTRS CORP              COM              370442105    36518   659473 SH       SOLE                 659473        0        0
GENERAL RE CORP                COM              370563108    33459   211767 SH       SOLE                 211767        0        0
GENESIS HEALTH VENTURES INC    COM              371912106     1802    57654 SH       SOLE                  57654        0        0
GENSIA INC                     COM              372450106    13496  3374117 SH       SOLE                3374117        0        0
GENZYME CORP                   COM GENL DIV     372917104    69111  3071600 SH       SOLE                3071600        0        0
GENZYME CORP                   COM-TISSUE REP   372917401    11988  1214000 SH       SOLE                1214000        0        0
GERON CORP                     COM              374163103      165    16933 SH       SOLE                  16933        0        0
GIDDINGS & LEWIS INC WIS       COM              375048105    27430  1844000 SH       SOLE                1844000        0        0
GILLETTE CO                    COM              375766102    33834   465871 SH       SOLE                 465871        0        0
GLENAYRE TECHNOLOGIES INC      COM              377899109    54344  5503200 SH       SOLE                5503200        0        0
GLIATECH INC                   COM              37929C103     7199   711000 SH       SOLE                 711000        0        0
GOLDEN WEST FINL CORP DEL      COM              381317106     6275   100000 SH       SOLE                 100000        0        0
GOODMARK FOODS INC             COM              382387108     9025   687600 SH       SOLE                 687600        0        0
GRACO INC                      COM              384109104    18233   634200 SH       SOLE                 634200        0        0
GRAND MET PLC                  SPONSORED ADR    386090302    15938   500000 SH       SOLE                 500000        0        0
GREAT WESTN FINL CORP          COM              391442100     1418    35000 SH       SOLE                  35000        0        0
GREEN TREE FINL CORP           COM              393505102     6750   200000 SH       SOLE                 200000        0        0
GREENFIELD INDS INC            COM              395058100    13125   600000 SH       SOLE                 600000        0        0
GRUPO TELEVISA SA DE CV        SPN ADR REPORD   40049J206     3047   122500 SH       SOLE                 122500        0        0
GTECH HLDGS CORP               COM              400518106     9038   300000 SH       SOLE                 300000        0        0
HMT TECHNOLOGY CORP            COM              403917107     7473   610000 SH       SOLE                 610000        0        0
HMG WORLDWIDE CORP             COM              404235103      787   740000 SH       SOLE                 740000        0        0
HAEMONETICS CORP               COM              405024100    46485  2618900 SH       SOLE                2618900        0        0
HALLIBURTON CO                 COM              406216101   154773  2284471 SH       SOLE                2284471        0        0
HAMBRECHT & QUIST GROUP INC    COM              406545103     9324   556668 SH       SOLE                 556668        0        0
HANDLEMAN CO DEL               COM              410252100    23284  3157100 SH       SOLE                3157100        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   8                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
HANNA M A CO                   COM              410522106     1328    62500 SH       SOLE                  62500        0        0
HANOVER DIRECT INC             COM              410783104       20    28712 SH       SOLE                  28712        0        0
HARCOURT GEN INC               COM              41163G101     7998   172000 SH       SOLE                 172000        0        0
HARDINGE INC                   COM              412324303     3380   130000 SH       SOLE                 130000        0        0
HARLEY DAVIDSON INC            COM              412822108      853    25000 SH       SOLE                  25000        0        0
HASBRO INC                     COM              418056107    39009  1425000 SH       SOLE                1425000        0        0
HEALTHCARE SVCS GRP INC        COM              421906108     8063   750000 SH       SOLE                 750000        0        0
HEALTHCARE COMPARE CORP        COM              421928102    24375   600000 SH       SOLE                 600000        0        0
HEARTSTREAM INC                COM              421963109     3161   297500 SH       SOLE                 297500        0        0
HEINZ H J CO                   COM              423074103    15801   400037 SH       SOLE                 400037        0        0
HERCULES INC                   COM              427056106     9168   217000 SH       SOLE                 217000        0        0
HERSHEY FOODS CORP             COM              427866108    12210   244200 SH       SOLE                 244200        0        0
HEWLETT PACKARD CO             COM              428236103    13443   251867 SH       SOLE                 251867        0        0
HIGHLANDS INS GROUP INC        COM              431032101     9201   451600 SH       SOLE                 451600        0        0
HOLLINGER INTL INC             CL A             435569108    11456  1255400 SH       SOLE                1255400        0        0
HOLLYWOOD PK INC NEW           COM              436255103    22557  1752000 SH       SOLE                1752000        0        0
HOME DEPOT INC                 COM              437076102    42800   800000 SH       SOLE                 800000        0        0
HONEYWELL INC                  COM              438506107    50119   738405 SH       SOLE                 738405        0        0
HONG KONG TELECOMMUNICATIONS   SPONSORED ADR    438579203     2658   162300 SH       SOLE                 162300        0        0
HORIZON/CMS HEALTHCARE CORP    COM              440400109    21330  1376128 SH       SOLE                1376128        0        0
HORMEL FOODS CORP              COM              440452100    10250   400000 SH       SOLE                 400000        0        0
HOST MARRIOTT CORP             COM              441078102    20400  1200000 SH       SOLE                1200000        0        0
ICN PHARMACEUTICALS INC NEW    SB NT CV 8.5%9   448924AA8     9570  8700000 SH       SOLE                8700000        0        0
HYPERION SOFTWARE INC          COM              44914Q105     2970   180000 SH       SOLE                 180000        0        0
ICC TECHNOLOGIES INC           COM NEW          449238203     9609  1945900 SH       SOLE                1945900        0        0
ICF KAISER INTL INC            COM              449244102     4110  2055200 SH       SOLE                2055200        0        0
ICOS CORP                      COM              449295104    14762  2018600 SH       SOLE                2018600        0        0
IFR SYSTEMS INC                COM              449507102     7059   470600 SH       SOLE                 470600        0        0
IMC GLOBAL INC                 COM              449669100     7225   200000 SH       SOLE                 200000        0        0
IPC INFORMATION SYS INC        COM              44980K107     6304   655000 SH       SOLE                 655000        0        0
ITT HARTFORD GROUP INC         COM              45068H106    21638   300000 SH       SOLE                 300000        0        0
IBAH INC                       COM              450731104     8972  1407300 SH       SOLE                1407300        0        0
ITT INDS INC IND               COM              450911102    12217   546000 SH       SOLE                 546000        0        0
IDEXX LABS CORP                COM              45168D104    10552   753700 SH       SOLE                 753700        0        0
ILLINOIS CENT CORP             COM SER A        451841100     7116   225000 SH       SOLE                 225000        0        0
ILLINOIS TOOL WKS INC          COM              452308109    49315   601400 SH       SOLE                 601400        0        0
IMMULOGIC PHARMACEUTICAL CORP  COM              45252R100     8597  1965000 SH       SOLE                1965000        0        0
IMO INDS INC                   COM              452540107     5178  1657000 SH       SOLE                1657000        0        0
INCO LTD                       COM              453258402    21897   671166 SH       SOLE                 671166        0        0
INCO LTD                       CL VBN SH        453258709     1714    74750 SH       SOLE                  74750        0        0
INCONTROL INC                  COM              45336L103     3442   411000 SH       SOLE                 411000        0        0
INFINIUM SOFTWARE INC          COM              45662Y109     2925   520000 SH       SOLE                 520000        0        0
INFORMATION STORAGE DEVICES    COM              456753102     3073   451000 SH       SOLE                 451000        0        0
INGERSOLL RAND CO              COM              456866102    30603   701500 SH       SOLE                 701500        0        0
INFORMATION RES INC            COM              456905108    29180  2161514 SH       SOLE                2161514        0        0
INGRAM MICRO INC               CL A             457153104     2075   100000 SH       SOLE                 100000        0        0
INPUT/OUTPUT INC               COM              457652105    15950  1100000 SH       SOLE                1100000        0        0
INSURANCE AUTO AUCTIONS INC    COM              457875102     6294   950000 SH       SOLE                 950000        0        0
INTEGRA LIFESCIENCES CORP      COM              457985109     9982  2617959 SH       SOLE                2617959        0        0
INTEGRATED DEVICE TECHNOLOGY   COM              458118106    15640  1564000 SH       SOLE                1564000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   9                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
INTEL CORP                     COM              458140100    70037   503408 SH       SOLE                 503408        0        0
INTERNATIONAL BUSINESS MACHS   COM              459200101   122068   889382 SH       SOLE                 889382        0        0
INTERNATIONAL GAME TECHNOLOGY  COM              459902102    29250  1800000 SH       SOLE                1800000        0        0
INTERNATIONAL RECTIFIER CORP   COM              460254105    17029  1434000 SH       SOLE                1434000        0        0
INTERNATIONAL TECHNOLOGY CORP  COM NEW          460465404     6105   887950 SH       SOLE                 887950        0        0
INTERSOLV INC                  COM              46070J106     9799  1170000 SH       SOLE                1170000        0        0
INTIMATE BRANDS INC            CL A             461156101    11797   625000 SH       SOLE                 625000        0        0
ISIS PHARMACEUTICALS INC       COM              464330109     9675   645000 SH       SOLE                 645000        0        0
ISOLYSER INC                   COM              464888106      998   210000 SH       SOLE                 210000        0        0
ISTITUTO NAZIONALE DELLE ASSIG SPONSORED ADR    465234102     4067   297100 SH       SOLE                 297100        0        0
JAN BELL MARKETING INC         WT EXP  121698   470760117        1    13578 SH       SOLE                  13578        0        0
JASON INC                      COM              471171108    13075  1992175 SH       SOLE                1992175        0        0
JOHNSON & JOHNSON              COM              478160104    45261   855996 SH       SOLE                 855996        0        0
JOHNSON CTLS INC               COM              478366107    16100   200000 SH       SOLE                 200000        0        0
JUNO LTG INC                   COM              482047107     7731   487000 SH       SOLE                 487000        0        0
K MART CORP                    COM              482584109     7200   600000 SH       SOLE                 600000        0        0
K-III COMMUNICATIONS CORP      COM              482727104     6733   598500 SH       SOLE                 598500        0        0
KVH INDS INC                   COM              482738101     3375   500000 SH       SOLE                 500000        0        0
KANEB SERVICES INC             COM              484170105     9724  2431000 SH       SOLE                2431000        0        0
KELLOGG CO                     COM              487836108    20241   300979 SH       SOLE                 300979        0        0
KENT ELECTRS CORP              COM              490553104     1150    50000 SH       SOLE                  50000        0        0
KENTUCKY ELEC STL INC          COM              49127B100     2475   450000 SH       SOLE                 450000        0        0
KIMBERLY CLARK CORP            COM              494368103    21057   211628 SH       SOLE                 211628        0        0
KMART FING I                   PFD TRCV 7.75%   498778208     8025   150000 SH       SOLE                 150000        0        0
LTV CORP NEW                   COM              501921100    20507  1624300 SH       SOLE                1624300        0        0
LSI INDS INC                   COM              50216C108    10514   858300 SH       SOLE                 858300        0        0
LSI LOGIC CORP                 COM              502161102    34750  1000000 SH       SOLE                1000000        0        0
LTX CORP                       COM              502392103    16078  3255900 SH       SOLE                3255900        0        0
LA JOLLA PHARMACEUTICAL CO     COM              503459109     7613  1522500 SH       SOLE                1522500        0        0
LA QUINTA INNS INC             COM              504195108    17938   875000 SH       SOLE                 875000        0        0
LADY LUCK GAMING CORP          COM              505820100     4384  2505000 SH       SOLE                2505000        0        0
LANVISION SYS INC              COM              516555109       75    16666 SH       SOLE                  16666        0        0
LAWTER INTL INC                COM              520786104     8865   762600 SH       SOLE                 762600        0        0
LECROY CORP                    COM              52324W109     8437   324500 SH       SOLE                 324500        0        0
LEXMARK INTL GROUP INC         CL A             529771107    21825   900000 SH       SOLE                 900000        0        0
LIFE TECHNOLOGIES INC          COM              532177201    40674  1549500 SH       SOLE                1549500        0        0
LIGAND PHARMACEUTICALS INC     CL B             53220K207     8653   777800 SH       SOLE                 777800        0        0
LILLY ELI & CO                 COM              532457108    29374   357132 SH       SOLE                 357132        0        0
LIMITED INC                    COM              532716107    42263  2300000 SH       SOLE                2300000        0        0
LINCARE HLDGS INC              COM              532791100     8250   200000 SH       SOLE                 200000        0        0
LINCOLN NATL CORP IND          COM              534187109     5350   100000 SH       SOLE                 100000        0        0
LOCKHEED MARTIN CORP           COM              539830109     9550   113695 SH       SOLE                 113695        0        0
LUCENT TECHNOLOGIES INC        COM              549463107    13204   251500 SH       SOLE                 251500        0        0
MBL INTL FIN BERMUDA TR        GTD NT EXCH 3%   55262XAA2     1921  1865000 SH       SOLE                1865000        0        0
MCI COMMUNICATIONS CORP        COM              552673105    57107  1602991 SH       SOLE                1602991        0        0
MEMC ELECTR MATLS INC          COM              552715104    29844  1250000 SH       SOLE                1250000        0        0
MTS SYS CORP                   COM              553777103    14177   644400 SH       SOLE                 644400        0        0
MADERAS Y SINTETICOS SOCIEDAD  SPONSORED ADR    556465102     2277   144000 SH       SOLE                 144000        0        0
MAGAININ PHARMACEUTICALS INC   COM              559036108     1891   222500 SH       SOLE                 222500        0        0
MAGNA INTL INC                 SUB DEB CV 5%0   559222AE4     8660  8000000 SH       SOLE                8000000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   10                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
MALLINCKRODT INC NEW           COM              561232109    24675   600000 SH       SOLE                 600000        0        0
MANITOWOC INC                  COM              563571108     9754   270000 SH       SOLE                 270000        0        0
MARQUETTE MED SYS INC          CL A             571490101    15557   773000 SH       SOLE                 773000        0        0
MARTEK BIOSCIENCES CORP        COM              572901106     9655   551700 SH       SOLE                 551700        0        0
MASCO CORP                     COM              574599106    17875   500000 SH       SOLE                 500000        0        0
MATRIA HEALTHCARE INC          COM              576817100     4892  1223000 SH       SOLE                1223000        0        0
MATRIX PHARMACEUTICAL INC      COM              576844104    13164  2065000 SH       SOLE                2065000        0        0
MAY DEPT STORES CO             COM              577778103    23587   518394 SH       SOLE                 518394        0        0
MCDONALDS CORP                 COM              580135101    20081   425000 SH       SOLE                 425000        0        0
MEAD CORP                      COM              582834107    72122  1360800 SH       SOLE                1360800        0        0
MEDCO RESH INC                 COM              584059109     8687  1085900 SH       SOLE                1085900        0        0
MEDIMMUNE INC                  COM              584699102    23994  1745000 SH       SOLE                1745000        0        0
MEDTRONIC INC                  COM              585055106    30475   489562 SH       SOLE                 489562        0        0
MENTOR GRAPHICS CORP           COM              587200106    53267  6360200 SH       SOLE                6360200        0        0
MERCK & CO INC                 COM              589331107    56452   670048 SH       SOLE                 670048        0        0
MERRILL LYNCH & CO INC         COM              590188108    10721   124844 SH       SOLE                 124844        0        0
MESA AIR GROUP INC             COM              590479101    16873  2762000 SH       SOLE                2762000        0        0
CL A                           COM              591398102     1018   253500 SH       SOLE                 253500        0        0
METHODE ELECTRS INC            CL A             591520200     3500   250000 SH       SOLE                 250000        0        0
METRA BIOSYSTEMS INC           COM              591591102     4973  1170000 SH       SOLE                1170000        0        0
MICHAEL FOOD INC NEW           COM              594079105    18623  1795000 SH       SOLE                1795000        0        0
MICROS SYS INC                 COM              594901100    13340   382500 SH       SOLE                 382500        0        0
MICROSOFT CORP                 COM              594918104    42031   458415 SH       SOLE                 458415        0        0
MICROCIDE PHARMACEUTICALS INC  COM              595018102      625    50000 SH       SOLE                  50000        0        0
MICRODYNE CORP                 COM              595067109     4365   970000 SH       SOLE                 970000        0        0
MICRON TECHNOLOGY INC          COM              595112103    16150   400000 SH       SOLE                 400000        0        0
MICROTOUCH SYS INC             COM              595145103     4543   230000 SH       SOLE                 230000        0        0
MICROWAVE PWR DEVICES INC DEL  COM              59517M103      530   176800 SH       SOLE                 176800        0        0
MIDWEST EXPRESS HLDGS INC      COM              597911106    21091   558700 SH       SOLE                 558700        0        0
MINNESOTA MNG & MFG CO         COM              604059105    39962   472224 SH       SOLE                 472224        0        0
MOBIL CORP                     COM              607059102    70879   542612 SH       SOLE                 542612        0        0
MOBILE TELECOMMUNICATIONS TECH COM              607406105     6989  1118200 SH       SOLE                1118200        0        0
MODINE MFG CO                  COM              607828100     4885   199400 SH       SOLE                 199400        0        0
MOLECULAR BIOSYSTEMS INC       COM              608513107    15663  1716450 SH       SOLE                1716450        0        0
MOLECULAR DYNAMICS INC         COM              608514105     2950   200000 SH       SOLE                 200000        0        0
MOLTEN METAL TECHNOLOGY INC    COM              608712105     4782   546500 SH       SOLE                 546500        0        0
MONSANTO CO                    COM              611662107    18809   491731 SH       SOLE                 491731        0        0
MORGAN J P & CO INC            COM              616880100    29475   300000 SH       SOLE                 300000        0        0
MORGAN STANLEY RUSSIA&NEW EURO COM              616911103     5969   250000 SH       SOLE                 250000        0        0
MORGAN STANLEY EMERGING MKTS   COM              61744G107    16612  1054729 SH       SOLE                1054729        0        0
MORTON INTL INC                COM              619331101     6338   150000 SH       SOLE                 150000        0        0
MOTOROLA INC                   COM              620076109    28857   476981 SH       SOLE                 476981        0        0
MYCOGEN CORP                   COM              628452104    39102  1681800 SH       SOLE                1681800        0        0
NS GROUP INC                   COM              628916108     6993  1364400 SH       SOLE                1364400        0        0
NN BALL & ROLLER INC           COM              629305103     1523   145900 SH       SOLE                 145900        0        0
NPS PHARMACEUTICALS INC        COM              62936P103     6983   735000 SH       SOLE                 735000        0        0
NABISCO HLDGS CORP             CL A             629526104      599    14700 SH       SOLE                  14700        0        0
NAPRO BIOTHERAPUTICS INC       COM              630795102     5720   440000 SH       SOLE                 440000        0        0
NATIONAL SEMICONDUCTOR CORP    COM              637640103    16500   600000 SH       SOLE                 600000        0        0
NATIONSBANK CORP               COM              638585109    15640   281806 SH       SOLE                 281806        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   11                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
NATIONWIDE FINL SVCS INC       CL A             638612101     2575   100000 SH       SOLE                 100000        0        0
NEIMAN MARCUS GROUP INC        COM              640204103    10738   417000 SH       SOLE                 417000        0        0
NELLCOR PURITAN BENNET INC     COM              640275103    22648  1285000 SH       SOLE                1285000        0        0
NELSON THOMAS INC              COM              640376109    14414  1372800 SH       SOLE                1372800        0        0
NEOPROBE CORP                  COM              640518106     2498   185000 SH       SOLE                 185000        0        0
NEOSE TECHNOLOGIES INC         COM              640522108     5435   395300 SH       SOLE                 395300        0        0
NETWORK EQUIP TECHNOLOGIES     COM              641208103    25761  1908200 SH       SOLE                1908200        0        0
NEW ENGLAND ELEC SYS           COM              644001109    10313   300000 SH       SOLE                 300000        0        0
NEWELL CO                      COM              651192106   101361  3025693 SH       SOLE                3025693        0        0
NEWMONT MINING CORP            COM              651639106    51539  1330042 SH       SOLE                1330042        0        0
NEWPORT CORP                   COM              651824104     2286   254000 SH       SOLE                 254000        0        0
NEWS CORP LTD                  ADR NEW          652487703    19681  1093400 SH       SOLE                1093400        0        0
NEWS CORP LTD                  SP ADR PFD       652487802      436    29300 SH       SOLE                  29300        0        0
NEXTEL COMMUNICATIONS INC      CL A             65332V103    13375  1000000 SH       SOLE                1000000        0        0
NEXSTAR PHARMACEUTICALS INC    COM              65333B106    22427  2242700 SH       SOLE                2242700        0        0
NITINOL MED TECHNOLOGIES INC   COM              65476T104     1960   245000 SH       SOLE                 245000        0        0
NOKIA CORP                     SPONSORED ADR    654902204    32620   560000 SH       SOLE                 560000        0        0
NOBLE DRILLING CORP            COM              655042109    19113  1100000 SH       SOLE                1100000        0        0
NORDSTROM INC                  COM              655664100    21338   563376 SH       SOLE                 563376        0        0
NORTHERN TELECOM LTD           COM              665815106     8826   135000 SH       SOLE                 135000        0        0
NORTHLAND CRANBERRIES INC      CL A             666499108    13413   740000 SH       SOLE                 740000        0        0
NORTHWEST AIRLS CORP           CL A             667280101    13169   350000 SH       SOLE                 350000        0        0
NORWEST CORP                   COM              669380107     9250   200000 SH       SOLE                 200000        0        0
NOVATEL INC                    COM              669954109     1650   300000 SH       SOLE                 300000        0        0
NOVELL INC                     COM              670006105    76627  8065961 SH       SOLE                8065961        0        0
NUCOR CORP                     COM              670346105    44175   965574 SH       SOLE                 965574        0        0
OHM CORP                       COM              670839109    11946  1517000 SH       SOLE                1517000        0        0
OAK TECHNOLOGY INC             COM              671802106     1783   176100 SH       SOLE                 176100        0        0
OAKLEY INC                     COM              673662102     7965   885000 SH       SOLE                 885000        0        0
OCCUPATIONAL HEALTH PLUS REHAB COM              674617105      374    74850 SH       SOLE                  74850        0        0
OCTEL COMMUNICATIONS CORP      COM              675724108     9928   625400 SH       SOLE                 625400        0        0
OFFICEMAX INC                  COM              67622M108    24050  1850000 SH       SOLE                1850000        0        0
OFFICE DEPOT INC               COM              676220106    10188   500000 SH       SOLE                 500000        0        0
OPTA FOOD INGREDIENTS INC      COM              68381N105     5720  1040000 SH       SOLE                1040000        0        0
ORACLE CORP                    COM              68389X105    14999   388953 SH       SOLE                 388953        0        0
ORBITAL SCIENCES CORP          COM              685564106     8292   601700 SH       SOLE                 601700        0        0
OSTEX INTL INC                 COM              68859Q101     3146   839000 SH       SOLE                 839000        0        0
PMI GROUP INC                  COM              69344M101     7519   150000 SH       SOLE                 150000        0        0
PAGEMART WIRELESS INC          CL A             69553J104      900   150000 SH       SOLE                 150000        0        0
PANENERGY CORP                 COM              697926103    35465   822376 SH       SOLE                 822376        0        0
PAYLESS CASHWAYS INC           COM NEW          704378306     5265  2808200 SH       SOLE                2808200        0        0
PENNEY J C INC                 COM              708160106     9797   205705 SH       SOLE                 205705        0        0
PENTAIR INC                    COM              709631105    11550   400000 SH       SOLE                 400000        0        0
PEPSICO INC                    COM              713448108    39640  1224411 SH       SOLE                1224411        0        0
PHARMACIA & UPJOHN INC         COM              716941109    55896  1526182 SH       SOLE                1526182        0        0
PFIZER INC                     COM              717081103   116423  1383929 SH       SOLE                1383929        0        0
PHARMACEUTICAL PROD DEV INC    COM              717124101    26542  1327120 SH       SOLE                1327120        0        0
PHELPS DODGE CORP              COM              717265102    64344   879915 SH       SOLE                 879915        0        0
PHILIP MORRIS COS INC          COM              718154107    51170   448372 SH       SOLE                 448372        0        0
PHILIPS ELECTRS N V            NEW YORK SHS     718337504    13357   301000 SH       SOLE                 301000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   12                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
PHYSICIAN COMPUTER NETWORK INC COM              71940K109    28313  3973800 SH       SOLE                3973800        0        0
PHYSIO-CONTROL INTL CORP       COM              719431108    22464  1619000 SH       SOLE                1619000        0        0
PICTURETEL CORP                COM NEW          720035302    15373  1294600 SH       SOLE                1294600        0        0
PIONEER GROUP INC              COM              723684106     7387   285500 SH       SOLE                 285500        0        0
PLAINTREE SYS INC              COM              72663E106     4462  1151500 SH       SOLE                1151500        0        0
PLANAR SYS INC                 COM              726900103    11590  1053600 SH       SOLE                1053600        0        0
PLY GEM INDS INC               COM              729416107     4049   299900 SH       SOLE                 299900        0        0
POLARIS INDS INC               COM              731068102     6706   290000 SH       SOLE                 290000        0        0
POWERCERV CORP                 COM              73931P105     1481   408500 SH       SOLE                 408500        0        0
PREFERRED NETWORKS INC         COM              739905107     4025  1400000 SH       SOLE                1400000        0        0
PRAXAIR INC                    COM              74005P104    13463   300000 SH       SOLE                 300000        0        0
PREMISYS COMMUNICATIONS INC    COM              740584107    18972  2335000 SH       SOLE                2335000        0        0
PRESIDENT CASINOS INC          COM              740822101      982  1366350 SH       SOLE                1366350        0        0
PREMIERE RADIO NETWORKS DEL    CL A             740906102     3023   187500 SH       SOLE                 187500        0        0
PRIMARK CORP                   COM              741903108    11281   475000 SH       SOLE                 475000        0        0
PROCOM TECHNOLOGY INC          COM              74270W107      942    89700 SH       SOLE                  89700        0        0
PROCTER & GAMBLE CO            COM              742718109    82715   720826 SH       SOLE                 720826        0        0
PROVIDIAN CORP                 COM              744061102    48150   900000 SH       SOLE                 900000        0        0
QUANTUM CORP                   COM              747906105    10236   265000 SH       SOLE                 265000        0        0
QUEST DIAGNOSTICS INC          COM              74834L100    14875  1000000 SH       SOLE                1000000        0        0
QUICKTURN DESIGN SYS INC       COM              74838E102     4000   250000 SH       SOLE                 250000        0        0
QUIXOTE CORP                   COM              749056107     4555   506100 SH       SOLE                 506100        0        0
QUORUM HEALTH GROUP INC        COM              749084109    49462  1602000 SH       SOLE                1602000        0        0
R O C TAIWAN FD                SH BEN INT       749651105     5730   482500 SH       SOLE                 482500        0        0
RAILTEX INC                    COM              750766107     4489   270000 SH       SOLE                 270000        0        0
RALCORP HLDGS INC NEW          COM              751028101     6150   600000 SH       SOLE                 600000        0        0
RAMCO                          SPONSORED ADR    75144Q101     2456   145000 SH       SOLE                 145000        0        0
RASTER GRAPHICS INC            COM              753907104     5231   775000 SH       SOLE                 775000        0        0
RAYTEL MED CORP                COM              755107109     6458   615000 SH       SOLE                 615000        0        0
REEBOK INTL LTD                COM              758110100     4488   100000 SH       SOLE                 100000        0        0
REGAL BELOIT CORP              COM              758750103    34018  1388500 SH       SOLE                1388500        0        0
REMEC INC                      COM              759543101     6450   300000 SH       SOLE                 300000        0        0
REYNOLDS & REYNOLDS CO         CL A             761695105     4775   200000 SH       SOLE                 200000        0        0
RHONE POULENC RORER INC        COM              76242T104    59200   800000 SH       SOLE                 800000        0        0
RIGHT MGMT CONSULTANTS INC     COM              766573109      578    60000 SH       SOLE                  60000        0        0
RITE AID CORP                  COM              767754104    17850   425000 SH       SOLE                 425000        0        0
ROCKWELL INTL CORP NEW         COM              773903109    24004   370000 SH       SOLE                 370000        0        0
ROFIN SINAR TECHNOLOGIES INC   COM              775043102      907    62000 SH       SOLE                  62000        0        0
ROGERS COMMUNICATIONS INC      CL B             775109200     4177   668300 SH       SOLE                 668300        0        0
ROLLINS ENVIRONMENTAL SVCS INC COM              775709108    16409  5966800 SH       SOLE                5966800        0        0
ROWAN COS INC                  COM              779382100    15380   679800 SH       SOLE                 679800        0        0
ROYAL DUTCH PETE CO            NY REG GLDR 5    780257705   171226   978432 SH       SOLE                 978432        0        0
RUBBERMAID INC                 COM              781088109    23738   954289 SH       SOLE                 954289        0        0
RURAL CELLULAR CORP            CL A             781904107     1260   120000 SH       SOLE                 120000        0        0
RYDER SYS INC                  COM              783549108    11700   400000 SH       SOLE                 400000        0        0
S3 INC                         COM              784849101    24245  1865000 SH       SOLE                1865000        0        0
SAFEWAY INC                    COM NEW          786514208    70987  1526600 SH       SOLE                1526600        0        0
ST PAUL COS INC                COM              792860108     8953   138000 SH       SOLE                 138000        0        0
SANO CORP                      COM              80105E105      705    60000 SH       SOLE                  60000        0        0
SARA LEE CORP                  COM              803111103    11697   288812 SH       SOLE                 288812        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   13                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
SCHERER R P CORP DEL           COM              806528105    41500   800000 SH       SOLE                 800000        0        0
SCHLUMBERGER LTD               COM              806857108    15291   142571 SH       SOLE                 142571        0        0
SCHULER HOMES INC              COM              808188106     8550  1520000 SH       SOLE                1520000        0        0
SCHULMAN A INC                 COM              808194104     6278   330400 SH       SOLE                 330400        0        0
SCIENTIFIC GAMES HLDGS CORP    COM              808747109     3691   173700 SH       SOLE                 173700        0        0
SCIOS INC                      COM              808905103    13688  2009100 SH       SOLE                2009100        0        0
SCOTTS CO                      CL A             810186106     8556   372000 SH       SOLE                 372000        0        0
SEAGRAM LTD                    COM              811850106     4705   123000 SH       SOLE                 123000        0        0
SEARS ROEBUCK & CO             COM              812387108    13882   276952 SH       SOLE                 276952        0        0
SENSORMATIC ELECTRS CORP       COM              817265101   119775  7097800 SH       SOLE                7097800        0        0
SHAMAN PHARMACEUTICALS INC     COM              819319104     6611  1290000 SH       SOLE                1290000        0        0
SHAW INDS INC                  COM              820286102    20400  1600000 SH       SOLE                1600000        0        0
SHELL TRANS & TRADING PLC      NEW YRK SH NEW   822703609     4703    45000 SH       SOLE                  45000        0        0
SHERWIN WILLIAMS CO            COM              824348106     2700   100000 SH       SOLE                 100000        0        0
SHIVA CORP                     COM              824851109     6874   780000 SH       SOLE                 780000        0        0
SIBIA NEUROSCIENCES INC        COM              825732100     3979   482300 SH       SOLE                 482300        0        0
SIGMA ALDRICH CORP             COM              826552101    24700   800000 SH       SOLE                 800000        0        0
SILICON GAMING INC             COM              827054107     4950   300000 SH       SOLE                 300000        0        0
SILICON GRAPHICS INC           COM              827056102    13501   692366 SH       SOLE                 692366        0        0
SILICON VY GROUP INC           COM              827066101     3483   162000 SH       SOLE                 162000        0        0
SMITHKLINE BEECHAM PLC         ADR REP ORD      832378301    28000   400000 SH       SOLE                 400000        0        0
SNAP ON INC                    COM              833034101     6301   162600 SH       SOLE                 162600        0        0
SODAK GAMING INC               COM              833777105    21500  2000000 SH       SOLE                2000000        0        0
SOMATIX THERAPY CORP           COM              834447104     1870   935000 SH       SOLE                 935000        0        0
SOTHEBYS HLDGS INC             CL A             835898107    14296   893500 SH       SOLE                 893500        0        0
SOUTHERN CO                    COM              842587107    15765   746288 SH       SOLE                 746288        0        0
SOUTHERN NATIONAL CORP         COM              843444100     8009   215000 SH       SOLE                 215000        0        0
SOUTHTRUST CORP                COM              844730101    11423   316200 SH       SOLE                 316200        0        0
SOUTHWEST AIRLS CO             COM              844741108     7744   350000 SH       SOLE                 350000        0        0
SPACEHAB INC                   COM              846243103     7308  1063000 SH       SOLE                1063000        0        0
SPECIAL METALS CORP            COM              84741Y103     1313    75000 SH       SOLE                  75000        0        0
SPECTRANETICS CORP             COM              84760C107      128    50020 SH       SOLE                  50020        0        0
SPECTRIAN CORP                 COM              847608106     2049   186300 SH       SOLE                 186300        0        0
SPRINT CORP                    COM              852061100    18529   408357 SH       SOLE                 408357        0        0
STARTER CORP                   COM              855684106     6104  1252200 SH       SOLE                1252200        0        0
STATE ST BOSTON CORP           COM              857473102     2754    39700 SH       SOLE                  39700        0        0
STERIS CORP                    COM              859152100    39000  1600000 SH       SOLE                1600000        0        0
STOKELY USA INC                COM              861502102      637   485000 SH       SOLE                 485000        0        0
STONE CONTAINER CORP           COM              861589109    17222  1548000 SH       SOLE                1548000        0        0
STORM TECHNOLOGY INC           COM              862219102     3465   840000 SH       SOLE                 840000        0        0
STORMEDIA INC                  CL A             862221108    14806  1287500 SH       SOLE                1287500        0        0
STRATTEC SEC CORP              COM              863111100     7711   440600 SH       SOLE                 440600        0        0
STRUCTURAL DYNAMICS RESH CORP  COM              863555108    55527  2676000 SH       SOLE                2676000        0        0
SUCCESSORIES INC               COM              864591102     2862   427900 SH       SOLE                 427900        0        0
SUMMA FOUR INC                 COM              865628101     3517   468900 SH       SOLE                 468900        0        0
SUMMIT BANCORP                 COM              866005101    11423   261100 SH       SOLE                 261100        0        0
SUNCOR INC                     COM              867229106     9256   208000 SH       SOLE                 208000        0        0
SUNRISE MED INC                COM              867910101    16201  1246200 SH       SOLE                1246200        0        0
SYMANTEC CORP                  COM              871503108    57224  4015700 SH       SOLE                4015700        0        0
SYNAPTIC PHARMACEUTICAL CORP   COM              87156R109     3220   230000 SH       SOLE                 230000        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   14                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
SYNOPSYS INC                   COM              871607107    11908   476300 SH       SOLE                 476300        0        0
SYSCO CORP                     COM              871829107     5522   161806 SH       SOLE                 161806        0        0
TB WOODS CORP                  COM              872226105     4969   375000 SH       SOLE                 375000        0        0
TCBY ENTERPRISES INC           COM              872245105     2041   379700 SH       SOLE                 379700        0        0
TCSI CORP                      COM              87233R106     2559   525000 SH       SOLE                 525000        0        0
TIG HLDGS INC                  COM              872469101    52694  1659650 SH       SOLE                1659650        0        0
TJX COS INC NEW                COM              872540109   102602  2400039 SH       SOLE                2400039        0        0
TRC COS INC                    COM              872625108     2576   664900 SH       SOLE                 664900        0        0
TRW INC                        COM              872649108    10350   200000 SH       SOLE                 200000        0        0
TARGETED GENETICS CORP         COM              87612M108     5819  1662500 SH       SOLE                1662500        0        0
TECNOL MED PRODS INC           COM              878755107     5678   360500 SH       SOLE                 360500        0        0
TEJON RANCH CO DEL             COM              879080109    17208  1075500 SH       SOLE                1075500        0        0
TELE COMMUNICATIONS INC NEW    COM TCI GRP A    87924V101     5065   422068 SH       SOLE                 422068        0        0
TELE DANMARK A/S               SPNSR ADR CL B   879242105     7315   280000 SH       SOLE                 280000        0        0
TELECOM CORP NEW ZEALAND LTD   SPONSORED ADR    879278208      490     6900 SH       SOLE                   6900        0        0
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR    879287100    23409   229500 SH       SOLE                 229500        0        0
TELEFONICA DE ARGENTINA S A    SPNSR ADR CL B   879378206     7126   242600 SH       SOLE                 242600        0        0
TELEFONICA DEL PERU S A        SPONS ADR CL B   879384105     6008   270000 SH       SOLE                 270000        0        0
TELEFONOS DE MEXICO S A        SP ADR REP ORD   879403780     9548   248000 SH       SOLE                 248000        0        0
TELTREND INC                   COM              87969R106    11078   607000 SH       SOLE                 607000        0        0
TEMPLE INLAND INC              COM              879868107    30676   584300 SH       SOLE                 584300        0        0
TEMPLETON RUSSIA FD INC        COM              88022F105     7106   217800 SH       SOLE                 217800        0        0
TENNECO INC NEW                COM              88037E101    27860   714348 SH       SOLE                 714348        0        0
TEXACO INC                     COM              881694103    29057   265361 SH       SOLE                 265361        0        0
TEXAS INSTRS INC               COM              882508104     9359   125000 SH       SOLE                 125000        0        0
THOMAS & BETTS CORP            COM              884315102    12825   300000 SH       SOLE                 300000        0        0
THORATEC LABS CORP             COM NEW          885175307     9828  1404000 SH       SOLE                1404000        0        0
3COM CORP                      COM              885535104     9825   300000 SH       SOLE                 300000        0        0
360 COMMUNICATIONS CO          COM              885571109     8912   516666 SH       SOLE                 516666        0        0
TIDEWATER INC                  COM              886423102    20857   453416 SH       SOLE                 453416        0        0
TIME WARNER INC                COM              887315109    22771   526500 SH       SOLE                 526500        0        0
TITAN CORP                     COM              888266103     1627   565800 SH       SOLE                 565800        0        0
TITAN WHEEL INTL INC           COM              888328101    10296   698000 SH       SOLE                 698000        0        0
TOYS R US INC                  COM              892335100     9800   350000 SH       SOLE                 350000        0        0
TRANSAMERICA CORP              COM              893485102     8950   100000 SH       SOLE                 100000        0        0
TRANSPORTACION MARITIMA MEXICA SPONS ADR A SH   893868307     1506   344300 SH       SOLE                 344300        0        0
TRANSPRO INC                   COM              893885103     5692   641400 SH       SOLE                 641400        0        0
TRAVELERS PPTY CAS CORP        CL A             893939108    30258   953000 SH       SOLE                 953000        0        0
TRAVELERS GROUP INC            COM              894190107    36560   761670 SH       SOLE                 761670        0        0
TRIGON HEALTHCARE INC          COM              89618L100     2586   146700 SH       SOLE                 146700        0        0
TRIPOS INC                     COM              896928108     4245   278334 SH       SOLE                 278334        0        0
TUBOSCOPE VETCO INTL CORP      COM              898600101    44630  3275600 SH       SOLE                3275600        0        0
TYSON FOODS INC                CL A             902494103    46560  2403075 SH       SOLE                2403075        0        0
USX MARATHON GROUP             COM NEW          902905827     6969   250000 SH       SOLE                 250000        0        0
USA WASTE SVCS INC             COM              902917103     8875   250000 SH       SOLE                 250000        0        0
USF&G CORP                     COM              903290104    16985   790000 SH       SOLE                 790000        0        0
ULTRALIFE BATTERIES INC        COM              903899102     4573   469000 SH       SOLE                 469000        0        0
ULTRATECH STEPPER INC          COM              904034105     6454   291700 SH       SOLE                 291700        0        0
UNIFI INC                      COM              904677101    12624   413900 SH       SOLE                 413900        0        0
UNIFY CORP                     COM              904743101       94    32598 SH       SOLE                  32598        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   15                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
UNILEVER N V                   NEW YORK SHS     904784501    60371   324138 SH       SOLE                 324138        0        0
UNICOM CORP                    COM              904911104    13170   675365 SH       SOLE                 675365        0        0
UNION CARBIDE CORP             COM              905581104     9178   207405 SH       SOLE                 207405        0        0
UNION PAC CORP                 COM              907818108    65998  1162965 SH       SOLE                1162965        0        0
UNION PAC RES GROUP INC        COM              907834105    40113  1499547 SH       SOLE                1499547        0        0
UNITED HEALTHCARE CORP         COM              910581107    24268   509555 SH       SOLE                 509555        0        0
U S BANCORP ORE                COM              911596104    16585   310000 SH       SOLE                 310000        0        0
U S BIOSCIENCE INC             COM PAR $0.01    911646206    22096  1900750 SH       SOLE                1900750        0        0
U S INDS INC NEW               COM              912080108    14100   400000 SH       SOLE                 400000        0        0
UNITED STATES SURGICAL CORP    COM              912707106     2354    77171 SH       SOLE                  77171        0        0
UNIVERSAL STAINLESS & ALLOY    COM              913837100     2489   252000 SH       SOLE                 252000        0        0
UNOCAL CORP                    COM              915289102   124572  3267450 SH       SOLE                3267450        0        0
UROMED CORP                    COM              917274102     6527   885000 SH       SOLE                 885000        0        0
V F CORP                       COM              918204108    13375   200000 SH       SOLE                 200000        0        0
VAIL RESORTS INC               COM              91879Q109     7800   400000 SH       SOLE                 400000        0        0
VERSA TECHNOLOGIES INC         COM              925116105     4740   347900 SH       SOLE                 347900        0        0
VERTEX PHARMACEUTICALS INC     COM              92532F100     1013    25000 SH       SOLE                  25000        0        0
VESTA INS GROUP INC            COM              925391104    13470   378100 SH       SOLE                 378100        0        0
VICAL INC                      COM              925602104    20787  1433600 SH       SOLE                1433600        0        0
VIDEONICS INC                  COM              92657Q105     2207   535000 SH       SOLE                 535000        0        0
VIEWLOGIC SYS INC              COM              926721101    22412  1608000 SH       SOLE                1608000        0        0
VISHAY INTERTECHNOLOGY INC     COM              928298108     4606   207000 SH       SOLE                 207000        0        0
VITALINK PHARMACY SVCS INC     COM              92846E104    10163   505000 SH       SOLE                 505000        0        0
VMARK SOFTWARE INC             COM              928561109     3975   600000 SH       SOLE                 600000        0        0
WEBS INDEX FD INC              CANADA WEBS      92923H400    10800   900000 SH       SOLE                 900000        0        0
WMX TECHNOLOGIES INC           COM              92929Q107    78766  2571945 SH       SOLE                2571945        0        0
WABASH NATL CORP               COM              929566107    26318  1514700 SH       SOLE                1514700        0        0
WAL MART STORES INC            COM              931142103    33946  1217788 SH       SOLE                1217788        0        0
WALL DATA INC                  COM              932045107    13840   865000 SH       SOLE                 865000        0        0
WALSH INTL INC                 COM              933131104     6688   863000 SH       SOLE                 863000        0        0
WANG LABS INC NEW              COM              93369N109    26323  1483000 SH       SOLE                1483000        0        0
WARNACO GROUP INC              CL A             934390105    22313   750000 SH       SOLE                 750000        0        0
WARNER LAMBERT CO              COM              934488107    10912   126150 SH       SOLE                 126150        0        0
WASHINGTON GAS LT CO           COM              938837101     4500   200000 SH       SOLE                 200000        0        0
WASTE MGMT INTL PLC            SPONSORED ADR    940906100    19345  2579300 SH       SOLE                2579300        0        0
WELLMAN INC                    COM              949702104     7375   421400 SH       SOLE                 421400        0        0
WENDYS INTL INC                COM              950590109    16500   800000 SH       SOLE                 800000        0        0
WESCAST INDS INC               CL A SUB VTG     950813105     5032   205400 SH       SOLE                 205400        0        0
WESTELL TECHNOLOGIES INC       CL A             957541105     1338   100000 SH       SOLE                 100000        0        0
WESTINGHOUSE AIR BRAKE CO NEW  COM              960386100     1820   140000 SH       SOLE                 140000        0        0
WESTVACO CORP                  COM              961548104    12346   491400 SH       SOLE                 491400        0        0
WEYERHAEUSER CO                COM              962166104    11156   250000 SH       SOLE                 250000        0        0
WILLIAMS COS INC DEL           COM              969457100    26775   600000 SH       SOLE                 600000        0        0
WOOLWORTH CORP                 COM              980883102     7013   300000 SH       SOLE                 300000        0        0
WORLDCOM INC GA                COM              98155K102    22459  1020853 SH       SOLE                1020853        0        0
WORTHINGTON INDS INC           COM              981811102    10750   562111 SH       SOLE                 562111        0        0
XILINX INC                     COM              983919101    29981   615000 SH       SOLE                 615000        0        0
XEROX CORP                     COM              984121103    12155   213721 SH       SOLE                 213721        0        0
YPF SOCIEDAD ANONIMA           SPON ADR CL D    984245100    37076  1399100 SH       SOLE                1399100        0        0
YORK INTL CORP NEW             COM              986670107    42151  1003600 SH       SOLE                1003600        0        0
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   16                                                                                                             
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
REPORT SUMMARY                700 DATA RECORDS            12565578            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED    
</TABLE>


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