STATE OF WISCONSIN INVESTMENT BOARD
13F-E, 1997-12-08
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<PAGE>      PAGE   1                                                                                                              
                                                                                                                                  
                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    09/30/97                                                                        
                                                                                                                                  
                                                                                                                                  
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    10/31/97                                                    
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<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    40899   435092 SH       SOLE                 435092        0        0
HILFIGER TOMMY CORP            ORD              G8915Z102     4994   100000 SH       SOLE                 100000        0        0
CIMATRON LTD                   ORD              M23798107     1183   215000 SH       SOLE                 215000        0        0
SAPIENS INTL CORP N V          ORD              N7716A102    10859  1190000 SH       SOLE                1190000        0        0
PANAMERICAN BEVERAGES INC      CL A             P74823108    20932   535860 SH       SOLE                 535860        0        0
ABC RAIL PRODS CORP            COM              000752105    16151   885000 SH       SOLE                 885000        0        0
AFLAC INC                      COM              001055102    18988   350000 SH       SOLE                 350000        0        0
APAC TELESERVICES INC          COM              00185E106     1306   100000 SH       SOLE                 100000        0        0
ARI NETWORK SVCS INC           COM              001930106     1268  1267500 SH       SOLE                1267500        0        0
AT&T CORP                      COM              001957109     8961   202500 SH       SOLE                 202500        0        0
ATL ULTRASOUND INC             COM              00207N100    22398   479100 SH       SOLE                 479100        0        0
ABB AB                         SPONSORED ADR    00256Q103     2420    17100 SH       SOLE                  17100        0        0
ACCUSTAFF INC                  COM              004401105    23625   750000 SH       SOLE                 750000        0        0
ACNIELSEN CORP                 COM              004833109     9000   375000 SH       SOLE                 375000        0        0
ADAPTEC INC                    COM              00651F108     9350   200000 SH       SOLE                 200000        0        0
ADEPT TECHNOLOGY INC           COM              006854103     2470   190000 SH       SOLE                 190000        0        0
ADOBE SYS INC                  COM              00724F101    20306   403100 SH       SOLE                 403100        0        0
ADTRAN INC                     COM              00738A106     8438   200000 SH       SOLE                 200000        0        0
ADVANCED TISSUE SCIENCES INC   COM              00755F103    34312  2204800 SH       SOLE                2204800        0        0
ADVANCED MICRO DEVICES INC     COM              007903107     9769   300000 SH       SOLE                 300000        0        0
AEGON N V                      ORD AMER REG     007924103     7969   100000 SH       SOLE                 100000        0        0
AETNA INC                      COM              008117103    12256   150500 SH       SOLE                 150500        0        0
AGRIBIOTECH INC NEV            COM              008494106      473    45000 SH       SOLE                  45000        0        0
AHMANSON H F & CO              COM              008677106    11363   200000 SH       SOLE                 200000        0        0
AIR & WTR TECHNOLOGIES CORP    CL A             009058108     6410  3107775 SH       SOLE                3107775        0        0
AIRTOUCH COMMUNICATIONS INC    COM              00949T100    31894   900000 SH       SOLE                 900000        0        0
ALBERTSONS INC                 COM              013104104     8771   251500 SH       SOLE                 251500        0        0
ALEXANDRIA REAL ESTATE EQ INC  COM              015271109     5855   205000 SH       SOLE                 205000        0        0
ALLEGHENY TELEDYNE INC         COM              017415100    11450   400000 SH       SOLE                 400000        0        0
ALLEGIANCE CORP                COM              017475104     9300   300000 SH       SOLE                 300000        0        0
ALLEN TELECOM INC              COM              018091108    73576  2581600 SH       SOLE                2581600        0        0
ALLERGAN INC                   COM              018490102     5428   150000 SH       SOLE                 150000        0        0
ALLIANCE SEMICONDUCTOR CORP    COM              01877H100    29625  3000000 SH       SOLE                3000000        0        0
ALPHA BETA TECHNOLOGY INC      COM              02071K105     4887  1646000 SH       SOLE                1646000        0        0
ALPHARMA INC                   CL A             020813101    19780   884000 SH       SOLE                 884000        0        0
ALPHARMA INC                   RT               020813135      906   161000 SH       SOLE                 161000        0        0
ALTERNATIVE RESOURCES CORP     COM              02145R102     4843   205000 SH       SOLE                 205000        0        0
ALUMINUM CO AMER               COM              022249106    45297   552400 SH       SOLE                 552400        0        0
ALZA CORP DEL                  COM              022615108    17400   600000 SH       SOLE                 600000        0        0
AMCOL INTL CORP                COM              02341W103     3673   177000 SH       SOLE                 177000        0        0
AMERICA WEST HLDG CORP         CL B             023657208     5853   401900 SH       SOLE                 401900        0        0
AMERICAN HOME PRODS CORP       COM              026609107     9125   125000 SH       SOLE                 125000        0        0
AMERICAN INTL GROUP INC        COM              026874107    19348   187500 SH       SOLE                 187500        0        0
AMERICAN MGMT SYS INC          COM              027352103     2869   150000 SH       SOLE                 150000        0        0
AMERICAN ONCOLOGY RES INC      COM              028910107     3225   200000 SH       SOLE                 200000        0        0
AMERICAN RESIDENTIAL SVCS INC  COM              028911105     2063   117900 SH       SOLE                 117900        0        0
AMERICAN PWR CONVERSION CORP   COM              029066107   223734  7955000 SH       SOLE                7955000        0        0
AMERICAN SOFTWARE INC          CL A             029683109    19236  1315300 SH       SOLE                1315300        0        0
AMERIN CORP                    COM              03070X106    10422   362500 SH       SOLE                 362500        0        0
AMGEN INC                      COM              031162100    13183   275000 SH       SOLE                 275000        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
                                                                                                                                  
AMP INC                        COM              031897101    72416  1352000 SH       SOLE                1352000        0        0
AMSOUTH BANCORPORATION         COM              032165102    15258   315000 SH       SOLE                 315000        0        0
AMYLIN PHARMACEUTICALS INC     COM              032346108    15272  1810000 SH       SOLE                1810000        0        0
ANADARKO PETE CORP             COM              032511107    21544   300000 SH       SOLE                 300000        0        0
ANALOG DEVICES INC             COM              032654105    10163   300000 SH       SOLE                 300000        0        0
ANALOGY INC                    COM              032659104     4295   731000 SH       SOLE                 731000        0        0
ANDREW CORP                    COM              034425108    18934   723000 SH       SOLE                 723000        0        0
ANTEC CORP                     COM              03664P105    25084  2134800 SH       SOLE                2134800        0        0
APACHE CORP                    COM              037411105    51450  1200000 SH       SOLE                1200000        0        0
APPLE SOUTH INC                COM              037857109    55892  2903500 SH       SOLE                2903500        0        0
APPLIED DIGITAL ACCESS INC     COM              038181103     7574  1009800 SH       SOLE                1009800        0        0
APPLIED MATLS INC              COM              038222105    16669   175000 SH       SOLE                 175000        0        0
AQUILA BIOPHARM INC            COM              03839F107     2096   414074 SH       SOLE                 414074        0        0
ARCH COMMUNICATIONS GROUP INC  COM              039381108    10738  1236000 SH       SOLE                1236000        0        0
ARCHER DANIELS MIDLAND CO      COM              039483102    14100   589027 SH       SOLE                 589027        0        0
ARCTIC CAT INC                 COM              039670104    29348  2552000 SH       SOLE                2552000        0        0
ARKANSAS BEST CORP DEL         COM              040790107    15838  1400000 SH       SOLE                1400000        0        0
ARMCO INC                      COM              042170100    62885 10480800 SH       SOLE               10480800        0        0
ARQULE INC                     COM              04269E107      693    33000 SH       SOLE                  33000        0        0
ASCEND COMMUNICATIONS INC      COM              043491109    12950   400000 SH       SOLE                 400000        0        0
ASIA PAC FD INC                COM              044901106     2196   204300 SH       SOLE                 204300        0        0
ASPECT TELECOMMUNICATIONS CORP COM              045237104     5844   250000 SH       SOLE                 250000        0        0
ASSOCIATES FIRST CAP CORP      CL A             046008108    25102   403250 SH       SOLE                 403250        0        0
ATLANTIC RICHFIELD CO          COM              048825103    12816   150000 SH       SOLE                 150000        0        0
ATLAS AIR INC                  COM              049164106    14789   527000 SH       SOLE                 527000        0        0
AUSPEX SYS INC                 COM              052116100    28552  2307200 SH       SOLE                2307200        0        0
AUTODESK INC                   COM              052769106    18150   400000 SH       SOLE                 400000        0        0
AUTOIMMUNE INC                 COM              052776101     4472  1590000 SH       SOLE                1590000        0        0
AUTOLIV INC                    COM              052800109     2174    51150 SH       SOLE                  51150        0        0
AUTOMATIC DATA PROCESSING INC  COM              053015103    11350   227000 SH       SOLE                 227000        0        0
AUTOTOTE CORP                  CL A             053323101     8161  3036553 SH       SOLE                3036553        0        0
AVON PRODS INC                 COM              054303102     4991    80500 SH       SOLE                  80500        0        0
BB&T CORP                      COM              054937107    11489   215000 SH       SOLE                 215000        0        0
BMC SOFTWARE INC               COM              055921100    39498   610000 SH       SOLE                 610000        0        0
BAKER HUGHES INC               COM              057224107    48194  1100000 SH       SOLE                1100000        0        0
BAKER J INC                    COM              057232100     3843   415500 SH       SOLE                 415500        0        0
BALDWIN PIANO & ORGAN CO       COM              058246109     5400   300000 SH       SOLE                 300000        0        0
BALLARD MED PRODS              COM              058566100    35850  1486000 SH       SOLE                1486000        0        0
BANCO DE SANTANDER             ADR              059574202     3635   111000 SH       SOLE                 111000        0        0
BANKBOSTON CORP                COM              06605R106    17688   200000 SH       SOLE                 200000        0        0
BANKERS TRUST N Y CORP         COM              066365107    12238   100000 SH       SOLE                 100000        0        0
BANTA CORP                     COM              066821109     7108   255000 SH       SOLE                 255000        0        0
BARRICK GOLD CORP              COM              067901108     9875   400000 SH       SOLE                 400000        0        0
BAY NETWORKS INC               COM              072510100    14484   375000 SH       SOLE                 375000        0        0
BAY ST GAS CO                  COM PAR $3.33    072612609     4281   147000 SH       SOLE                 147000        0        0
BEAR STEARNS COS INC           COM              073902108    13640   310000 SH       SOLE                 310000        0        0
BELCO OIL & GAS CORP           COM              077410108     5453   250000 SH       SOLE                 250000        0        0
BELL SPORTS CORP               COM              077903102     3263   300000 SH       SOLE                 300000        0        0
BEMIS INC                      COM              081437105     9899   221200 SH       SOLE                 221200        0        0
BERGEN BRUNSWIG CORP           CL A             083739102    20898   517600 SH       SOLE                 517600        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
                                                                                                                                  
BERKSHIRE HATHAWAY INC DEL     CL B             084670207     5696     3810 SH       SOLE                   3810        0        0
BETHLEHEM STL CORP             COM              087509105    16071  1558400 SH       SOLE                1558400        0        0
BIG ENTMT INC                  COM              089144109     2338   400000 SH       SOLE                 400000        0        0
BIOGEN INC                     COM              090597105    29525   910200 SH       SOLE                 910200        0        0
BIOTRANSPLANT INC              COM              09066Y107     2447   435000 SH       SOLE                 435000        0        0
BIORELIANCE CORP               COM              090951104     2678   102000 SH       SOLE                 102000        0        0
BLYTH HLDGS INC                COM              096434105      454   660834 SH       SOLE                 660834        0        0
BOEING CO                      COM              097023105     1692    31080 SH       SOLE                  31080        0        0
BOMBAY CO INC                  COM              097924104    28400  3694300 SH       SOLE                3694300        0        0
BOSTON SCIENTIFIC CORP         COM              101137107     9658   175000 SH       SOLE                 175000        0        0
BOWATER INC                    COM              102183100     8415   165000 SH       SOLE                 165000        0        0
BRADY WH CO                    CL A             104674106     4688   150000 SH       SOLE                 150000        0        0
BRISTOL MYERS SQUIBB CO        COM              110122108    12495   151000 SH       SOLE                 151000        0        0
BRITISH PETE PLC               AMERN SH         110889409   127828  1407600 SH       SOLE                1407600        0        0
BROWNING FERRIS INDS           COM              115885105    26080   685200 SH       SOLE                 685200        0        0
BRUNSWICK CORP                 COM              117043109    14100   400000 SH       SOLE                 400000        0        0
BRUSH WELLMAN INC              COM              117421107    16183   630000 SH       SOLE                 630000        0        0
C ATS SOFTWARE INC             COM              124778101     2782   463700 SH       SOLE                 463700        0        0
CML GROUP INC                  COM              125820100    17910  4622000 SH       SOLE                4622000        0        0
CMS ENERGY CORP                COM              125896100    43730  1181900 SH       SOLE                1181900        0        0
CPB INC                        COM              125903104    10164   235000 SH       SOLE                 235000        0        0
CTB INTL CORP                  COM              125960104     4650   300000 SH       SOLE                 300000        0        0
C P CLARE CORP                 COM              12615K107    13756   696500 SH       SOLE                 696500        0        0
CAERE CORP                     COM              127646107    11094  1250000 SH       SOLE                1250000        0        0
CALIFORNIA MICROWAVE INC       COM              130442106     5800   290000 SH       SOLE                 290000        0        0
CAMBRIDGE NEUROSCIENCE INC     COM              132426107     3926  1745000 SH       SOLE                1745000        0        0
CANNONDALE CORP                COM              137798104     3188   141700 SH       SOLE                 141700        0        0
CAPITAL ONE FINL CORP          COM              14040H105     2288    50000 SH       SOLE                  50000        0        0
CAPSTAR HOTEL CO               COM              140918103     1678    50000 SH       SOLE                  50000        0        0
CARDIAC PATHWAYS CORP          COM              141408104     6114   730000 SH       SOLE                 730000        0        0
CARDIOGENESIS CORP             COM              14159K105     4788   383000 SH       SOLE                 383000        0        0
CAREY INTERNATIONAL INC        COM              141750109     2709   168000 SH       SOLE                 168000        0        0
CARIBINER INTL INC             COM              141888107     1019    25000 SH       SOLE                  25000        0        0
CARDIOTHORACIC SYS INC         COM              141907105     4831   655000 SH       SOLE                 655000        0        0
CARNIVAL CORP                  CL A             143658102    20813   450000 SH       SOLE                 450000        0        0
CASE CORP                      COM              14743R103    33313   500000 SH       SOLE                 500000        0        0
CASINO MAGIC CORP              COM              147590103     2820  1346500 SH       SOLE                1346500        0        0
CATALYST INTL INC              COM              14887T105     4770   795000 SH       SOLE                 795000        0        0
CELADON GROUP INC              COM              150838100     3909   269600 SH       SOLE                 269600        0        0
CELL GENESYS INC               COM              150921104     2835   359975 SH       SOLE                 359975        0        0
CELERITEK INC                  COM              150926103    11843   667200 SH       SOLE                 667200        0        0
CELLPRO INC                    COM              151156106     1217   259600 SH       SOLE                 259600        0        0
CENTOCOR INC                   COM              152342101    87991  1850000 SH       SOLE                1850000        0        0
CEPHALON INC                   COM              156708109    29085  2475300 SH       SOLE                2475300        0        0
CERIDIAN CORP                  COM              15677T106     7400   200000 SH       SOLE                 200000        0        0
CERION TECHNOLOGIES INC        COM              156916108     1587   686200 SH       SOLE                 686200        0        0
CHAMPION ENTERPRISES INC       COM              158496109    19125  1000000 SH       SOLE                1000000        0        0
CHAMPION INTL CORP             COM              158525105    12188   200000 SH       SOLE                 200000        0        0
CHANNELL COML CORP             COM              159186105     4944   350000 SH       SOLE                 350000        0        0
CHASE MANHATTAN CORP NEW       COM              16161A108    14750   125000 SH       SOLE                 125000        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
                                                                                                                                  
CHECKERS DRIVE-IN RESTAURANTS  WT EXP  122200   162809115       43    86819 SH       SOLE                  86819        0        0
CHICAGO MINIATURE LAMP INC     COM              167781103    25363   762800 SH       SOLE                 762800        0        0
CHIQUITA BRANDS INTL INC       PFD A NON VTG    170032403     6919   135000 SH       SOLE                 135000        0        0
CHOICEPOINT INC                COM              170388102     2243    60000 SH       SOLE                  60000        0        0
CISCO SYS INC                  COM              17275R102     9206   126000 SH       SOLE                 126000        0        0
CITICORP                       COM              173034109    23439   175000 SH       SOLE                 175000        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102    12975   200000 SH       SOLE                 200000        0        0
COCA COLA CO                   COM              191216100    15250   250000 SH       SOLE                 250000        0        0
COCENSYS INC                   COM              191263102     2350   400000 SH       SOLE                 400000        0        0
COLE KENNETH PRODTNS INC       COM              193294105    11419   700000 SH       SOLE                 700000        0        0
COLGATE PALMOLIVE CO           COM              194162103    13938   200000 SH       SOLE                 200000        0        0
COLLABORATIVE CLINICAL RESH    COM              194190104     2174   370000 SH       SOLE                 370000        0        0
COLUMBIA/HCA HEALTHCARE CORP   COM              197677107    18725   651320 SH       SOLE                 651320        0        0
COMCAST CORP                   CL A SPL         200300200     6373   247500 SH       SOLE                 247500        0        0
COMERICA INC                   COM              200340107     7894   100000 SH       SOLE                 100000        0        0
COMMSCOPE INC                  COM              203372107     3391   250000 SH       SOLE                 250000        0        0
COMPANHIA BRASILEIRA DE DISTRB ADR              20440T201     1305    58000 SH       SOLE                  58000        0        0
COMPANHIA CERVEJARIA BRAHMA    SPONSD ADR PFD   20440X103     1376    89500 SH       SOLE                  89500        0        0
COMPANHIA PARANAENSE ENERG COP SPONS ADR PFD    20441B407     1440    83500 SH       SOLE                  83500        0        0
COMPUWARE CORP                 COM              205638109   125864  2080400 SH       SOLE                2080400        0        0
CONNETICS CORP                 COM              208192104     2519   695000 SH       SOLE                 695000        0        0
CONSOLIDATED PAPERS INC        COM              209759109    11211   202000 SH       SOLE                 202000        0        0
CONSOLIDATED STORES CORP       COM              210149100    31406   750000 SH       SOLE                 750000        0        0
CONTINENTAL NATURAL GAS INC    COM              211789102     1800   150000 SH       SOLE                 150000        0        0
CONTROL DEVICES INC            COM              21238C103     3975   265000 SH       SOLE                 265000        0        0
COOPER INDS INC                COM              216669101    32438   600000 SH       SOLE                 600000        0        0
COPART INC                     COM              217204106    22096  1253700 SH       SOLE                1253700        0        0
COR THERAPEUTICS INC           COM              217753102    19767  1189000 SH       SOLE                1189000        0        0
CORDIANT PLC                   SPONSORED ADR    218514107    87573 14595422 SH       SOLE               14595422        0        0
CORRECTIONS CORP AMER          COM              220256101    17400   400000 SH       SOLE                 400000        0        0
COSTCO COMPANIES INC           COM              22160Q102    82775  2200000 SH       SOLE                2200000        0        0
COTT CORP QUE                  COM              22163N106    21377  2111300 SH       SOLE                2111300        0        0
COUNTRYWIDE CR INDS INC DEL    COM              222372104    14575   400000 SH       SOLE                 400000        0        0
COVANCE INC                    COM              222816100     3075   142200 SH       SOLE                 142200        0        0
CRACKER BARREL OLD CTRY STR    COM              224100107    16188   500000 SH       SOLE                 500000        0        0
CRESTAR FINL CORP              COM              226091106    10209   217800 SH       SOLE                 217800        0        0
CROMPTON & KNOWLES CORP        COM              227111101    38158  1436550 SH       SOLE                1436550        0        0
CROWN CORK & SEAL INC          COM              228255105     4613   100000 SH       SOLE                 100000        0        0
CUBIST PHARMACEUTICALS INC     COM              229678107      294    50000 SH       SOLE                  50000        0        0
CYBERONICS INC                 COM              23251P102    13190   818000 SH       SOLE                 818000        0        0
CYGNUS INC                     COM              232560102      780    39500 SH       SOLE                  39500        0        0
CYTEL CORP                     COM              23282E100     5759  2425000 SH       SOLE                2425000        0        0
CYTOGEN CORP                   COM              232824102     8385  2129500 SH       SOLE                2129500        0        0
DSC COMMUNICATIONS CORP        COM              233311109    55033  2043000 SH       SOLE                2043000        0        0
DT INDUSTRIES INC              COM              23333J108     8580   260000 SH       SOLE                 260000        0        0
DTE ENERGY CO                  COM              233331107    11414   375000 SH       SOLE                 375000        0        0
DAMES & MOORE GROUP INC        COM              235713104    15960  1210200 SH       SOLE                1210200        0        0
DANA CORP                      COM              235811106    58633  1187500 SH       SOLE                1187500        0        0
DENDRITE INTL INC              COM              248239105    10880   680000 SH       SOLE                 680000        0        0
DENTSPLY INTL INC NEW          COM              249030107    28000   500000 SH       SOLE                 500000        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
                                                                                                                                  
DEPUY INC                      COM              249726100     8707   325500 SH       SOLE                 325500        0        0
DIACRIN INC                    COM              25243N103     7144   635000 SH       SOLE                 635000        0        0
DIACRIN INC                    WT EXP  123100   25243N111     1991   650000 SH       SOLE                 650000        0        0
DIAMETRICS MED INC             COM              252532106    12436  1362800 SH       SOLE                1362800        0        0
DIAMOND HOME SVCS INC          COM              252648100     6054   613050 SH       SOLE                 613050        0        0
DIGITAL EQUIP CORP             COM              253849103    17325   400000 SH       SOLE                 400000        0        0
DIME BANCORP INC NEW           COM              25429Q102     6319   300000 SH       SOLE                 300000        0        0
DISNEY WALT CO                 COM              254687106    12195   151250 SH       SOLE                 151250        0        0
DUKE ENERGY CORP               COM              264399106    11721   237078 SH       SOLE                 237078        0        0
DUKE REALTY INVT INC           COM NEW          264411505     6844   300000 SH       SOLE                 300000        0        0
DURA AUTOMOTIVE SYSTEMS CORP   CL A             265903104     7466   237000 SH       SOLE                 237000        0        0
DYNAMIC HEALTHCARE TECHNOLOGS  COM              267927101     8428  1550000 SH       SOLE                1550000        0        0
DYNATECH CORP                  COM              268138104    14335   349100 SH       SOLE                 349100        0        0
E M C CORP MASS                COM              268648102    17629   302000 SH       SOLE                 302000        0        0
ESS TECHNOLOGY INC             COM              269151106    14428   950000 SH       SOLE                 950000        0        0
EASTERN ENTERPRISES            COM              27637F100     6440   172600 SH       SOLE                 172600        0        0
EASTMAN KODAK CO               COM              277461109    35066   540000 SH       SOLE                 540000        0        0
EATON CORP                     COM              278058102    20784   225000 SH       SOLE                 225000        0        0
ECHOSTAR COMMUNICATIONS NEW    CL A             278762109     1879    77500 SH       SOLE                  77500        0        0
ECLIPSE SURGICAL TECHNOLOGIES  COM              278849104     1716   193334 SH       SOLE                 193334        0        0
ECOLAB INC                     COM              278865100     9713   200000 SH       SOLE                 200000        0        0
EDISON INTL                    COM              281020107     8838   350000 SH       SOLE                 350000        0        0
EDWARDS AG INC                 COM              281760108    28955   563600 SH       SOLE                 563600        0        0
EL PASO NAT GAS CO             COM NEW          283695872     6817   112557 SH       SOLE                 112557        0        0
ELECTROGLAS INC                COM              285324109    35190  1035000 SH       SOLE                1035000        0        0
ELECTRONIC DATA SYS NEW        COM              285661104    42103  1186000 SH       SOLE                1186000        0        0
ENERGY BIOSYSTEMS CORP         COM              29265L102     5596   942500 SH       SOLE                 942500        0        0
ENERSIS S A                    SPONSORED ADR    29274F104      988    26650 SH       SOLE                  26650        0        0
ENGELHARD CORP                 COM              292845104    57718  2676800 SH       SOLE                2676800        0        0
ENDOCARDIAL SOLUTIONS INC      COM              292962107     2725   200000 SH       SOLE                 200000        0        0
ENRON CORP                     COM              293561106    15400   400000 SH       SOLE                 400000        0        0
ENRON OIL & GAS CO             COM              293562104     8945   402000 SH       SOLE                 402000        0        0
ENZON INC                      COM              293904108    12290  2521000 SH       SOLE                2521000        0        0
ENVIRONMENTAL ELEMENTS CORP    COM              293940102     1458   598200 SH       SOLE                 598200        0        0
EQUIFAX INC                    COM              294429105    18863   600000 SH       SOLE                 600000        0        0
EQUITABLE COS INC              COM              29444G107    24900   600000 SH       SOLE                 600000        0        0
ERICSSON L M TEL CO            ADR CL B SEK10   294821400    28494   594400 SH       SOLE                 594400        0        0
EVANS & SUTHERLAND COMPUTER CP COM              299096107    24700   760000 SH       SOLE                 760000        0        0
EXABYTE CORP                   COM              300615101     5496   499600 SH       SOLE                 499600        0        0
EXIDE CORP                     COM              302051107    46850  2065000 SH       SOLE                2065000        0        0
EXOGEN INC                     COM              302092101     4092   884800 SH       SOLE                 884800        0        0
EXXON CORP                     COM              302290101    25785   402500 SH       SOLE                 402500        0        0
FPA MEDICAL MANAGEMENT INC     COM              302543103    10313   300000 SH       SOLE                 300000        0        0
FSI INTL INC                   COM              302633102    20005   958300 SH       SOLE                 958300        0        0
FALCON DRILLING INC            COM              305914103     3531   100000 SH       SOLE                 100000        0        0
FAMILY DLR STORES INC          COM              307000109     2281   100000 SH       SOLE                 100000        0        0
FEDERAL EXPRESS CORP           COM              313309106    19200   240000 SH       SOLE                 240000        0        0
FEDERAL NATL MTG ASSN          COM              313586109    14241   303000 SH       SOLE                 303000        0        0
FEMALE HEALTH CO               COM              314462102     2223   635000 SH       SOLE                 635000        0        0
FINOVA GROUP INC               COM              317928109    18925   200000 SH       SOLE                 200000        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 AMER BK CORP             COM              318906104    10738   200000 SH       SOLE                 200000        0        0
FIRST DATA CORP                COM              319963104    10330   275000 SH       SOLE                 275000        0        0
FIRST FINL CORP WISC           COM              320227101     2214    65000 SH       SOLE                  65000        0        0
FIRST NORTHN CAP CORP          COM              335832101     4543   333400 SH       SOLE                 333400        0        0
FIRST SEC CORP DEL             COM              336294103    17850   600000 SH       SOLE                 600000        0        0
FIRST TENN NATL CORP           COM              337162101     2109    37000 SH       SOLE                  37000        0        0
FIRSTAR CORP                   COM              33761C103     5800   160000 SH       SOLE                 160000        0        0
FISERV INC                     COM              337738108    19524   445000 SH       SOLE                 445000        0        0
FLEET FINL GROUP INC NEW       COM              338915101    29503   450000 SH       SOLE                 450000        0        0
FLETCHER CHALLENGE LTD         SPN ADR FSTDIV   339324402     3750   300000 SH       SOLE                 300000        0        0
FLUOR CORP                     COM              343861100    12924   241000 SH       SOLE                 241000        0        0
FOAMEX INTL INC                COM              344123104     7274   515000 SH       SOLE                 515000        0        0
FOOD LION INC                  CL B             344775101     3200   400000 SH       SOLE                 400000        0        0
FOOD LION INC                  CL A             344775200    10013  1200000 SH       SOLE                1200000        0        0
FORENSIC TECHNOLOGIES INTL     COM              345518104     2817   313000 SH       SOLE                 313000        0        0
FORT JAMES CORP                COM              347471104   374620  8177250 SH       SOLE                8177250        0        0
FRITZ COS INC                  COM              358846103    29047  1969300 SH       SOLE                1969300        0        0
FRUIT OF THE LOOM INC          CL A             359416104    19688   700000 SH       SOLE                 700000        0        0
FUSION MED TECHNOLOGIES INC    COM              361128101     2502   476600 SH       SOLE                 476600        0        0
GT BICYCLES INC                COM              36229H101     2100   256500 SH       SOLE                 256500        0        0
GALILEO INTERNATIONAL INC      COM              363547100     4674   167300 SH       SOLE                 167300        0        0
GALOOB TOYS INC                COM              364091108     8067   546900 SH       SOLE                 546900        0        0
GARGOYLES INC                  COM              366033108     1190   198334 SH       SOLE                 198334        0        0
GASONICS INTL CORP             COM              367278108     6244   300000 SH       SOLE                 300000        0        0
GENEMEDICINE INC               COM              368707105     3836   930000 SH       SOLE                 930000        0        0
GENERAL DATACOMM INDS INC      COM              369487103     8928  1488000 SH       SOLE                1488000        0        0
GENERAL ELEC CO                COM              369604103    13749   202000 SH       SOLE                 202000        0        0
GENERAL MTRS CORP              COM              370442105    12049   180000 SH       SOLE                 180000        0        0
GENERAL RE CORP                COM              370563108     9925    50000 SH       SOLE                  50000        0        0
GENERAL SEMICONDUCTOR INC      COM              370787103    21785  1692000 SH       SOLE                1692000        0        0
GENSIA SICOR INC               COM              372450106    23408  3374117 SH       SOLE                3374117        0        0
GENZYME CORP                   COM GENL DIV     372917104    61731  2075000 SH       SOLE                2075000        0        0
GENZYME CORP                   COM-TISSUE REP   372917401    12764  1309148 SH       SOLE                1309148        0        0
GILLETTE CO                    COM              375766102    10789   125000 SH       SOLE                 125000        0        0
GLENAYRE TECHNOLOGIES INC      COM              377899109    99716  5953200 SH       SOLE                5953200        0        0
GLOBAL MOTORSPORT GROUP INC    COM              378937106     7525   470300 SH       SOLE                 470300        0        0
GLIATECH INC                   COM              37929C103     8354   711000 SH       SOLE                 711000        0        0
GLOBECOMM SYSTEMS INC          COM              37956X103     1313    75000 SH       SOLE                  75000        0        0
GOLDEN WEST FINL CORP DEL      COM              381317106     8975   100000 SH       SOLE                 100000        0        0
GOODMARK FOODS INC             COM              382387108    11775   687600 SH       SOLE                 687600        0        0
GRACO INC                      COM              384109104    22673   634200 SH       SOLE                 634200        0        0
GREAT LAKES CHEM CORP          COM              390568103    18246   370000 SH       SOLE                 370000        0        0
GREEN TREE FINL CORP           COM              393505102     9400   200000 SH       SOLE                 200000        0        0
GREENFIELD INDS INC            COM              395058100    17250   600000 SH       SOLE                 600000        0        0
GRUPO TELEVISA SA DE CV        SPN ADR REPORD   40049J206     4387   122500 SH       SOLE                 122500        0        0
GTECH HLDGS CORP               COM              400518106    10256   300000 SH       SOLE                 300000        0        0
HCIA INC                       COM              403908106     5334   395100 SH       SOLE                 395100        0        0
HMT TECHNOLOGY CORP            COM              403917107    11413   727500 SH       SOLE                 727500        0        0
HBO & CO                       COM              404100109     5663   150000 SH       SOLE                 150000        0        0
HMG WORLDWIDE CORP             COM              404235103      879   740000 SH       SOLE                 740000        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
                                                                                                                                  
HAEMONETICS CORP               COM              405024100    49432  2618900 SH       SOLE                2618900        0        0
HALLIBURTON CO                 COM              406216101   187200  3600000 SH       SOLE                3600000        0        0
HAMBRECHT & QUIST GROUP INC    COM              406545103     5548   157400 SH       SOLE                 157400        0        0
HANDLEMAN CO DEL               COM              410252100    20521  3157100 SH       SOLE                3157100        0        0
HANNA M A CO                   COM              410522106     1660    62500 SH       SOLE                  62500        0        0
HANOVER DIRECT INC             COM              410783104       47    28712 SH       SOLE                  28712        0        0
HARDINGE INC                   COM              412324303     3627   105500 SH       SOLE                 105500        0        0
HARLAND JOHN H CO              COM              412693103     8072   350000 SH       SOLE                 350000        0        0
HARLEY DAVIDSON INC            COM              412822108     1463    50000 SH       SOLE                  50000        0        0
HARTFORD FINL SVCS GROUP INC   COM              416515104    14975   174000 SH       SOLE                 174000        0        0
HASBRO INC                     COM              418056107    27422   975000 SH       SOLE                 975000        0        0
HEALTHCARE SVCS GRP INC        COM              421906108     9063   725000 SH       SOLE                 725000        0        0
HEALTHCARE COMPARE CORP        COM              421928102    38325   600000 SH       SOLE                 600000        0        0
HEARTSTREAM INC                COM              421963109     3475   347500 SH       SOLE                 347500        0        0
HERCULES INC                   COM              427056106    10696   215000 SH       SOLE                 215000        0        0
HESKA CORP                     COM              42805E108    14250  1000000 SH       SOLE                1000000        0        0
HEWLETT PACKARD CO             COM              428236103    10434   150000 SH       SOLE                 150000        0        0
HILTON HOTELS CORP             COM              432848109    11929   354100 SH       SOLE                 354100        0        0
HOLLINGER INTL INC             CL A             435569108    17874  1355400 SH       SOLE                1355400        0        0
HOLLYWOOD PK INC NEW           COM              436255103    41357  2183875 SH       SOLE                2183875        0        0
HOLOGIC INC                    COM              436440101     1165    41500 SH       SOLE                  41500        0        0
HOME DEPOT INC                 COM              437076102    20928   401500 SH       SOLE                 401500        0        0
HOMEBASE INC                   COM              43738E108     1782   198000 SH       SOLE                 198000        0        0
HONEYWELL INC                  COM              438506107     4703    70000 SH       SOLE                  70000        0        0
HONG KONG TELECOMMUNICATIONS   SPONSORED ADR    438579203     3631   162300 SH       SOLE                 162300        0        0
HORIZON/CMS HEALTHCARE CORP    COM              440400109    30791  1376128 SH       SOLE                1376128        0        0
HORMEL FOODS CORP              COM              440452100     6413   200000 SH       SOLE                 200000        0        0
HOST MARRIOTT CORP             COM              441078102    18200   800000 SH       SOLE                 800000        0        0
HUDSON FOODS INC               CL A             443782107    15345   720000 SH       SOLE                 720000        0        0
ICN PHARMACEUTICALS INC NEW    SB NT CV 8.5%9   448924AA8    19488  8700000 SH       SOLE                8700000        0        0
HYSEQ INC                      COM              449163302     3345   168300 SH       SOLE                 168300        0        0
ICC TECHNOLOGIES INC           COM NEW          449238203     8878  1945900 SH       SOLE                1945900        0        0
ICF KAISER INTL INC            COM              449244102     5492  2092200 SH       SOLE                2092200        0        0
ICOS CORP                      COM              449295104    23988  1900000 SH       SOLE                1900000        0        0
IFR SYSTEMS INC                COM              449507102    11834   358600 SH       SOLE                 358600        0        0
IMC GLOBAL INC                 COM              449669100     7050   200000 SH       SOLE                 200000        0        0
IPC INFORMATION SYS INC        COM              44980K107    15478   755000 SH       SOLE                 755000        0        0
IBAH INC                       COM              450731104    10691  2250800 SH       SOLE                2250800        0        0
ITT INDS INC IND               COM              450911102    18120   546000 SH       SOLE                 546000        0        0
IDEXX LABS CORP                COM              45168D104    28619  1708600 SH       SOLE                1708600        0        0
IKON OFFICE SOLUTIONS INC      COM              451713101     1917    75000 SH       SOLE                  75000        0        0
ILLINOIS CENT CORP             COM SER A        451841100     4043   110000 SH       SOLE                 110000        0        0
ILLINOIS TOOL WKS INC          COM              452308109    39591   796800 SH       SOLE                 796800        0        0
IMMULOGIC PHARMACEUTICAL CORP  COM              45252R100     6509  1965000 SH       SOLE                1965000        0        0
INCO LTD                       COM              453258402    13062   521166 SH       SOLE                 521166        0        0
INCO LTD                       CL VBN SH        453258709     1261    74750 SH       SOLE                  74750        0        0
INCONTROL INC                  COM              45336L103     4753   493800 SH       SOLE                 493800        0        0
INFINIUM SOFTWARE INC          COM              45662Y109     5110   345000 SH       SOLE                 345000        0        0
INFORMATION STORAGE DEVICES    COM              456753102     5074   451000 SH       SOLE                 451000        0        0
ING GROEP N V                  SPONSORED ADR    456837103    44387   966250 SH       SOLE                 966250        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
                                                                                                                                  
INGERSOLL RAND CO              COM              456866102    45216  1050000 SH       SOLE                1050000        0        0
INFORMATION RES INC            COM              456905108    29460  1671514 SH       SOLE                1671514        0        0
INPUT/OUTPUT INC               COM              457652105     8888   300000 SH       SOLE                 300000        0        0
INSURANCE AUTO AUCTIONS INC    COM              457875102    11875   950000 SH       SOLE                 950000        0        0
INTEGRATED MEASUREMENT SYS INC COM              457923100     4266   237000 SH       SOLE                 237000        0        0
INTEGRA LIFESCIENCES CORP      COM              457985109    11633  2777959 SH       SOLE                2777959        0        0
INTEGRATED DEVICE TECHNOLOGY   COM              458118106    26706  2214000 SH       SOLE                2214000        0        0
INTEGRATED PROCESS EQUIP CORP  COM              45812K108     3300    89500 SH       SOLE                  89500        0        0
INTEGRATED SILICON SOLUTION    COM              45812P107     3102   278800 SH       SOLE                 278800        0        0
INTEL CORP                     COM              458140100    13939   151000 SH       SOLE                 151000        0        0
INTERNATIONAL GAME TECHNOLOGY  COM              459902102    81196  3492300 SH       SOLE                3492300        0        0
INTERNATIONAL RECTIFIER CORP   COM              460254105    16760   717000 SH       SOLE                 717000        0        0
INTERNATIONAL TECHNOLOGY CORP  COM NEW          460465404     7548   887950 SH       SOLE                 887950        0        0
INTERNEURON PHARMACEUTICALS    COM              460573108    10360   863300 SH       SOLE                 863300        0        0
INTERSOLV INC                  COM              46070J106    13950   900000 SH       SOLE                 900000        0        0
INTEVAC INC                    COM              461148108     4944   350000 SH       SOLE                 350000        0        0
INTIMATE BRANDS INC            CL A             461156101    14609   625000 SH       SOLE                 625000        0        0
ISIS PHARMACEUTICALS INC       COM              464330109    11489   645000 SH       SOLE                 645000        0        0
ISOLYSER INC                   COM              464888106      827   210000 SH       SOLE                 210000        0        0
ISPAT INTL N V                 CL A             464899103     5725   200000 SH       SOLE                 200000        0        0
JLG INDS INC                   COM              466210101     6573   513000 SH       SOLE                 513000        0        0
JAN BELL MARKETING INC         WT EXP  121698   470760117        0    13578 SH       SOLE                  13578        0        0
JASON INC                      COM              471171108    16435  1992175 SH       SOLE                1992175        0        0
JOHNSON CTLS INC               COM              478366107    19825   400000 SH       SOLE                 400000        0        0
JUNO LTG INC                   COM              482047107     8340   487000 SH       SOLE                 487000        0        0
JUST FOR FEET INC              COM              48213P106    28020  1772000 SH       SOLE                1772000        0        0
K MART CORP                    COM              482584109    16800  1200000 SH       SOLE                1200000        0        0
K-III COMMUNICATIONS CORP      COM              482727104     7219   598500 SH       SOLE                 598500        0        0
KVH INDS INC                   COM              482738101     4000   500000 SH       SOLE                 500000        0        0
KANEB SERVICES INC             COM              484170105    10191  2013000 SH       SOLE                2013000        0        0
KANSAS CITY SOUTHN INDS INC    COM              485170104    20663   600000 SH       SOLE                 600000        0        0
KELLOGG CO                     COM              487836108    12722   302000 SH       SOLE                 302000        0        0
KENT ELECTRS CORP              COM              490553104      988    25000 SH       SOLE                  25000        0        0
KENTUCKY ELEC STL INC          COM              49127B100     3150   450000 SH       SOLE                 450000        0        0
KIMBERLY CLARK CORP            COM              494368103    11109   227000 SH       SOLE                 227000        0        0
KMART FING I                   PFD TRCV 7.75%   498778208     8775   150000 SH       SOLE                 150000        0        0
KOMAG INC                      COM              500453105     5603   275000 SH       SOLE                 275000        0        0
KOREA FD                       COM              500634100     9745   825000 SH       SOLE                 825000        0        0
LTV CORP NEW                   COM              501921100    26952  2124300 SH       SOLE                2124300        0        0
LSI INDS INC                   COM              50216C108    13518   858300 SH       SOLE                 858300        0        0
LSI LOGIC CORP                 COM              502161102    32125  1000000 SH       SOLE                1000000        0        0
LTX CORP                       COM              502392103    23809  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    20617   875000 SH       SOLE                 875000        0        0
LADY LUCK GAMING CORP          COM              505820100     3288  2505000 SH       SOLE                2505000        0        0
LAIDLAW ENVIRONMENTAL SVCS INC COM              50730L105    34309  5966800 SH       SOLE                5966800        0        0
LANVISION SYS INC              COM              516555109      122    16666 SH       SOLE                  16666        0        0
LARSCOM INC                    CL A             51729Y108     1671   165000 SH       SOLE                 165000        0        0
LAWTER INTL INC                COM              520786104     6215   512600 SH       SOLE                 512600        0        0
LAYNE CHRISTENSEN CO           COM              521050104    10500   500000 SH       SOLE                 500000        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
                                                                                                                                  
LECROY CORP                    COM              52324W109    13474   304500 SH       SOLE                 304500        0        0
LIFE TECHNOLOGIES INC          COM              532177201    46872  1549500 SH       SOLE                1549500        0        0
LIGAND PHARMACEUTICALS INC     CL B             53220K207    16051   972800 SH       SOLE                 972800        0        0
LILLY ELI & CO                 COM              532457108    12100   100000 SH       SOLE                 100000        0        0
LINCARE HLDGS INC              COM              532791100    10088   200000 SH       SOLE                 200000        0        0
LINCOLN NATL CORP IND          COM              534187109    17406   250000 SH       SOLE                 250000        0        0
LOEWEN GROUP INC               COM              54042L100     8269   300000 SH       SOLE                 300000        0        0
LUCASVARITY PLC                SPONSORED ADR    549395101    11381   300000 SH       SOLE                 300000        0        0
MEMC ELECTR MATLS INC          COM              552715104    42300  1410000 SH       SOLE                1410000        0        0
MTS SYS CORP                   COM              553777103    16425   450000 SH       SOLE                 450000        0        0
MADERAS Y SINTETICOS SOCIEDAD  SPONSORED ADR    556465102     2016   144000 SH       SOLE                 144000        0        0
MAGAININ PHARMACEUTICALS INC   COM              559036108     5243   458400 SH       SOLE                 458400        0        0
MAGNA INTL INC                 SUB DEB CV 5%0   559222AE4    10580  8000000 SH       SOLE                8000000        0        0
MANITOWOC INC                  COM              563571108     1784    50000 SH       SOLE                  50000        0        0
MARQUETTE MED SYS INC          COM              571490101    26125   842750 SH       SOLE                 842750        0        0
MARTEK BIOSCIENCES CORP        COM              572901106    19635  1309000 SH       SOLE                1309000        0        0
MASCO CORP                     COM              574599106    22906   500000 SH       SOLE                 500000        0        0
MATRIA HEALTHCARE INC          COM              576817100     7638  1273000 SH       SOLE                1273000        0        0
MATRIX PHARMACEUTICAL INC      COM              576844104    10196  2065000 SH       SOLE                2065000        0        0
MAXIM INTEGRATED PRODS INC     COM              57772K101     7144   100000 SH       SOLE                 100000        0        0
MCDONALDS CORP                 COM              580135101     9525   200000 SH       SOLE                 200000        0        0
MEAD CORP                      COM              582834107    88925  1230800 SH       SOLE                1230800        0        0
MEDCO RESH INC                 COM              584059109    14438  1050000 SH       SOLE                1050000        0        0
MEDIMMUNE INC                  COM              584699102    16354   445000 SH       SOLE                 445000        0        0
MEDTRONIC INC                  COM              585055106     7069   150000 SH       SOLE                 150000        0        0
MENTOR GRAPHICS CORP           COM              587200106    76208  6285200 SH       SOLE                6285200        0        0
MERCK & CO INC                 COM              589331107    12617   126250 SH       SOLE                 126250        0        0
MESA AIR GROUP INC             COM              590479101    17780  2762000 SH       SOLE                2762000        0        0
METATEC CORP                   COM              591398102     1378   253500 SH       SOLE                 253500        0        0
METHODE ELECTRS INC            CL A             591520200     1288    50000 SH       SOLE                  50000        0        0
METRA BIOSYSTEMS INC           COM              591591102     4095  1170000 SH       SOLE                1170000        0        0
MICHAEL FOOD INC NEW           COM              594079105    12813   500000 SH       SOLE                 500000        0        0
MICROS SYS INC                 COM              594901100    14375   287500 SH       SOLE                 287500        0        0
MICROSOFT CORP                 COM              594918104    17293   130700 SH       SOLE                 130700        0        0
MICROCIDE PHARMACEUTICALS INC  COM              595018102      625    50000 SH       SOLE                  50000        0        0
MICRODYNE CORP                 COM              595067109     5881   970000 SH       SOLE                 970000        0        0
MICRON TECHNOLOGY INC          COM              595112103    13875   400000 SH       SOLE                 400000        0        0
MICROTOUCH SYS INC             COM              595145103     5575   200000 SH       SOLE                 200000        0        0
MICROWAVE PWR DEVICES INC DEL  COM              59517M103      666    75000 SH       SOLE                  75000        0        0
MIDCOAST ENERGY RES INC        COM              59563W104     5875   285700 SH       SOLE                 285700        0        0
MIDWEST EXPRESS HLDGS INC      COM              597911106    28152   878050 SH       SOLE                 878050        0        0
MILLER INDS INC TENN           COM              600551105     3563   300000 SH       SOLE                 300000        0        0
MINNESOTA MNG & MFG CO         COM              604059105    13958   151000 SH       SOLE                 151000        0        0
MIRAGE RESORTS INC             COM              60462E104    11297   375000 SH       SOLE                 375000        0        0
MISSISSIPPI CHEM CORP          COM NEW          605288208     3881   199000 SH       SOLE                 199000        0        0
MOBIL CORP                     COM              607059102    64824   876000 SH       SOLE                 876000        0        0
MOBILE TELECOMMUNICATIONS TECH COM              607406105     9713   600000 SH       SOLE                 600000        0        0
MODINE MFG CO                  COM              607828100     6954   199400 SH       SOLE                 199400        0        0
MOLECULAR BIOSYSTEMS INC       COM              608513107    19935  1714800 SH       SOLE                1714800        0        0
MOLTEN METAL TECHNOLOGY INC    COM              608712105     8463  1538646 SH       SOLE                1538646        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
                                                                                                                                  
MONARCH DENTAL CORP            COM              609044102     2688   125000 SH       SOLE                 125000        0        0
MONSANTO CO                    COM              611662107     5460   140000 SH       SOLE                 140000        0        0
MORGAN STANLEY RUSSIA&NEW EURO COM              616911103     8531   250000 SH       SOLE                 250000        0        0
MORGAN STANLEY EMERGING MKTS   COM              61744G107    18194  1054729 SH       SOLE                1054729        0        0
MORGAN STANLEY ASIA-PAC FD INC COM              61744U106     9666  1052100 SH       SOLE                1052100        0        0
MORTON INTL INC IND NEW        COM              619335102     5306   150000 SH       SOLE                 150000        0        0
MOTOROLA INC                   COM              620076109    14483   201500 SH       SOLE                 201500        0        0
MULTIGRAPHICS INC              COM              625440102      669   267785 SH       SOLE                 267785        0        0
MYCOGEN CORP                   COM              628452104    42312  1800500 SH       SOLE                1800500        0        0
MYLAN LABS INC                 COM              628530107     9832   438200 SH       SOLE                 438200        0        0
NN BALL & ROLLER INC           COM              629305103     1678   145900 SH       SOLE                 145900        0        0
NPS PHARMACEUTICALS INC        COM              62936P103     7261   785000 SH       SOLE                 785000        0        0
NABISCO HLDGS CORP             CL A             629526104    12769   300000 SH       SOLE                 300000        0        0
NAPRO BIOTHERAPUTICS INC       COM              630795102     8664  1004500 SH       SOLE                1004500        0        0
NATIONAL SEMICONDUCTOR CORP    COM              637640103    24600   600000 SH       SOLE                 600000        0        0
NATIONAL SVC INDS INC          COM              637657107    15352   349400 SH       SOLE                 349400        0        0
NATIONAL TECHTEAM INC          COM              638108100     2775   200000 SH       SOLE                 200000        0        0
NATIONSBANK CORP               COM              638585109    15531   251000 SH       SOLE                 251000        0        0
NELSON THOMAS INC              COM              640376109    19048  1372800 SH       SOLE                1372800        0        0
NEOPROBE CORP                  COM              640518106     2590   185000 SH       SOLE                 185000        0        0
NEOSE TECHNOLOGIES INC         COM              640522108     7115   395300 SH       SOLE                 395300        0        0
NETSCAPE COMMUNICATIONS CORP   COM              641149109      234     6500 SH       SOLE                   6500        0        0
NETWORK EQUIP TECHNOLOGIES     COM              641208103    33274  1908200 SH       SOLE                1908200        0        0
NETWORK GEN CORP               COM              641210109    26156  1350000 SH       SOLE                1350000        0        0
NEW ENGLAND ELEC SYS           COM              644001109    11775   300000 SH       SOLE                 300000        0        0
NEW ERA OF NETWORKS INC        COM              644312100     1169    85000 SH       SOLE                  85000        0        0
NEWELL CO                      COM              651192106    90880  2272000 SH       SOLE                2272000        0        0
NEWMONT MINING CORP            COM              651639106    13481   300000 SH       SOLE                 300000        0        0
NEWPORT CORP                   COM              651824104     3240   209000 SH       SOLE                 209000        0        0
NEWS CORP LTD                  ADR NEW          652487703     1909    93400 SH       SOLE                  93400        0        0
NEWS CORP LTD                  SP ADR PFD       652487802      526    29300 SH       SOLE                  29300        0        0
NEXSTAR PHARMACEUTICALS INC    COM              65333B106    46008  2592000 SH       SOLE                2592000        0        0
NINE WEST GROUP INC            COM              65440D102     7076   180000 SH       SOLE                 180000        0        0
NITINOL MED TECHNOLOGIES INC   COM              65476T104     3491   245000 SH       SOLE                 245000        0        0
NOKIA CORP                     SPONSORED ADR    654902204     9381   100000 SH       SOLE                 100000        0        0
NOBLE DRILLING CORP            COM              655042109    35750  1100000 SH       SOLE                1100000        0        0
NORDSTROM INC                  COM              655664100     6375   100000 SH       SOLE                 100000        0        0
NORTHERN TELECOM LTD           COM              665815106    13512   130000 SH       SOLE                 130000        0        0
NORTHFIELD LABS INC            COM              666135108     1139    99000 SH       SOLE                  99000        0        0
NORTHLAND CRANBERRIES INC      CL A             666499108    18555   989600 SH       SOLE                 989600        0        0
NORTHWEST AIRLS CORP           CL A             667280101    19809   476600 SH       SOLE                 476600        0        0
NORWEST CORP                   COM              669380107    12373   202000 SH       SOLE                 202000        0        0
NOVATEL INC                    COM              669954109     3150   300000 SH       SOLE                 300000        0        0
OHM CORP                       COM              670839109    11378  1517000 SH       SOLE                1517000        0        0
OAK TECHNOLOGY INC             COM              671802106     3349   279100 SH       SOLE                 279100        0        0
OAKLEY INC                     COM              673662102     2150   200000 SH       SOLE                 200000        0        0
OCCUPATIONAL HEALTH PLUS REHAB COM              674617105      206    74850 SH       SOLE                  74850        0        0
OCULAR SCIENCES INC            COM              675744106     7284   315000 SH       SOLE                 315000        0        0
OFFICEMAX INC                  COM              67622M108    28097  1850000 SH       SOLE                1850000        0        0
OFFICE DEPOT INC               COM              676220106    20188  1000000 SH       SOLE                1000000        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
                                                                                                                                  
OPTA FOOD INGREDIENTS INC      COM              68381N105     6500  1040000 SH       SOLE                1040000        0        0
ORACLE CORP                    COM              68389X105     5466   150000 SH       SOLE                 150000        0        0
ORBITAL SCIENCES CORP          COM              685564106    10217   417000 SH       SOLE                 417000        0        0
OSTEX INTL INC                 COM              68859Q101     3041   839000 SH       SOLE                 839000        0        0
OWENS CORNING                  COM              69073F103    21170   580000 SH       SOLE                 580000        0        0
PECO ENERGY CO                 COM              693304107    11719   500000 SH       SOLE                 500000        0        0
PAGEMART WIRELESS INC          CL A             69553J104     1631   150000 SH       SOLE                 150000        0        0
PARAMETRIC TECHNOLOGY CORP     COM              699173100    15210   344700 SH       SOLE                 344700        0        0
PENNEY J C INC                 COM              708160106    11982   205705 SH       SOLE                 205705        0        0
PENTAIR INC                    COM              709631105    14750   400000 SH       SOLE                 400000        0        0
PEPSICO INC                    COM              713448108    29753   733500 SH       SOLE                 733500        0        0
PHARMACIA & UPJOHN INC         COM              716941109    88502  2424700 SH       SOLE                2424700        0        0
PFIZER INC                     COM              717081103    15031   250000 SH       SOLE                 250000        0        0
PHARMACEUTICAL PROD DEV INC    COM              717124101    40080  1967120 SH       SOLE                1967120        0        0
PHELPS DODGE CORP              COM              717265102    31050   400000 SH       SOLE                 400000        0        0
PHILIP MORRIS COS INC          COM              718154107    17456   420000 SH       SOLE                 420000        0        0
PHILIPPINE LONG DISTANCE TEL   SPONSORED ADR    718252604     4883   180000 SH       SOLE                 180000        0        0
PHILIPS ELECTRS N V            NEW YORK SHS     718337504    11424   136000 SH       SOLE                 136000        0        0
PHYSICIAN COMPUTER NETWORK INC COM              71940K109    36193  4949500 SH       SOLE                4949500        0        0
PHYSIO-CONTROL INTL CORP       COM              719431108    27845  1644000 SH       SOLE                1644000        0        0
PICTURETEL CORP                COM NEW          720035302    24025  2315700 SH       SOLE                2315700        0        0
PIONEER GROUP INC              COM              723684106     9136   285500 SH       SOLE                 285500        0        0
PLAINTREE SYS INC              COM              72663E106     4462  1151500 SH       SOLE                1151500        0        0
PLANAR SYS INC                 COM              726900103    11919  1053600 SH       SOLE                1053600        0        0
POWERCERV CORP                 COM              73931P105     1328   408500 SH       SOLE                 408500        0        0
PREFERRED NETWORKS INC         COM              739905107     3150  1400000 SH       SOLE                1400000        0        0
PREMISYS COMMUNICATIONS INC    COM              740584107    48586  1910000 SH       SOLE                1910000        0        0
PRESIDENT CASINOS INC          COM NEW          740822309      968   227725 SH       SOLE                 227725        0        0
PRIMARK CORP                   COM              741903108     9519   322000 SH       SOLE                 322000        0        0
PROCOM TECHNOLOGY INC          COM              74270W107     4563   289700 SH       SOLE                 289700        0        0
PROVIDIAN FINL CORP            COM              74406A102    35719   900000 SH       SOLE                 900000        0        0
QUAKER OATS CO                 COM              747402105    10549   209400 SH       SOLE                 209400        0        0
QUANTUM CORP                   COM              747906105    11494   300000 SH       SOLE                 300000        0        0
QUEST DIAGNOSTICS INC          COM              74834L100    16938  1000000 SH       SOLE                1000000        0        0
QUICKTURN DESIGN SYS INC       COM              74838E102    16955  1149500 SH       SOLE                1149500        0        0
QUIXOTE CORP                   COM              749056107     4492   506100 SH       SOLE                 506100        0        0
QUORUM HEALTH GROUP INC        COM              749084109    36656  1500000 SH       SOLE                1500000        0        0
RCM TECHNOLOGIES INC           COM NEW          749360400     1774   110000 SH       SOLE                 110000        0        0
RDO EQUIPMENT CO               CL A             749413100     4600   200000 SH       SOLE                 200000        0        0
RF MICRODEVICES INC            COM              749941100     4414   237000 SH       SOLE                 237000        0        0
RAILTEX INC                    COM              750766107    15276   898600 SH       SOLE                 898600        0        0
RALCORP HLDGS INC NEW          COM              751028101     5606   300000 SH       SOLE                 300000        0        0
RAMCO                          SPONSORED ADR    75144Q101     2737   145000 SH       SOLE                 145000        0        0
RASTER GRAPHICS INC            COM              753907104     6394   775000 SH       SOLE                 775000        0        0
RAYTEL MED CORP                COM              755107109     8193   565000 SH       SOLE                 565000        0        0
READERS DIGEST ASSN INC        CL A NON VTG     755267101     4500   150000 SH       SOLE                 150000        0        0
READING & BATES CORP           COM NEW          755281805     4156   100000 SH       SOLE                 100000        0        0
REGAL BELOIT CORP              COM              758750103    16913   550000 SH       SOLE                 550000        0        0
REMEC INC                      COM              759543101     7300   200000 SH       SOLE                 200000        0        0
REYNOLDS & REYNOLDS CO         CL A             761695105     1944   100000 SH       SOLE                 100000        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
                                                                                                                                  
RIGHT MGMT CONSULTANTS INC     COM              766573109     1128   110000 SH       SOLE                 110000        0        0
RITE AID CORP                  COM              767754104    23838   430000 SH       SOLE                 430000        0        0
ROCK-TENN CO                   CL A             772739207     3988   200000 SH       SOLE                 200000        0        0
ROCKWELL INTL CORP NEW         COM              773903109    32803   521200 SH       SOLE                 521200        0        0
ROGERS COMMUNICATIONS INC      CL B             775109200     4010   668300 SH       SOLE                 668300        0        0
RUBBERMAID INC                 COM              781088109    10864   425000 SH       SOLE                 425000        0        0
RURAL CELLULAR CORP            CL A             781904107     1410   120000 SH       SOLE                 120000        0        0
RYDER SYS INC                  COM              783549108    14375   400000 SH       SOLE                 400000        0        0
SLM HLDG CORP                  COM              78442A109    17196   111300 SH       SOLE                 111300        0        0
S3 INC                         COM              784849101    36407  3098500 SH       SOLE                3098500        0        0
SAFECO CORP                    COM              786429100    12577   237300 SH       SOLE                 237300        0        0
ST PAUL COS INC                COM              792860108    17781   218000 SH       SOLE                 218000        0        0
SANO CORP                      COM              80105E105      836    35000 SH       SOLE                  35000        0        0
SCHULER HOMES INC              COM              808188106    11020  1520000 SH       SOLE                1520000        0        0
SCHULMAN A INC                 COM              808194104    11914   557400 SH       SOLE                 557400        0        0
SCIENTIFIC GAMES HLDGS CORP    COM              808747109    24360  1120000 SH       SOLE                1120000        0        0
SCIOS INC                      COM              808905103    21148  2169000 SH       SOLE                2169000        0        0
SEAGRAM LTD                    COM              811850106     4336   123000 SH       SOLE                 123000        0        0
SENSORMATIC ELECTRS CORP       COM              817265101    62144  4399547 SH       SOLE                4399547        0        0
SHAMAN PHARMACEUTICALS INC     COM              819319104     8708  1290000 SH       SOLE                1290000        0        0
SHAW INDS INC                  COM              820286102    20100  1600000 SH       SOLE                1600000        0        0
SHERWIN WILLIAMS CO            COM              824348106     6182   210000 SH       SOLE                 210000        0        0
SHIVA CORP                     COM              824851109    11848   890000 SH       SOLE                 890000        0        0
SIBIA NEUROSCIENCES INC        COM              825732100     4039   482300 SH       SOLE                 482300        0        0
SILICON GAMING INC             COM              827054107     4875   325000 SH       SOLE                 325000        0        0
SILICON GRAPHICS INC           COM              827056102     5250   200000 SH       SOLE                 200000        0        0
SITEL CORP                     COM              82980K107    23499  2238000 SH       SOLE                2238000        0        0
SNAP ON INC                    COM              833034101    20912   454000 SH       SOLE                 454000        0        0
SODAK GAMING INC               COM              833777105    31287  2215000 SH       SOLE                2215000        0        0
SOTHEBYS HLDGS INC             CL A             835898107    18149   893500 SH       SOLE                 893500        0        0
SOUTHTRUST CORP                COM              844730101    15573   316200 SH       SOLE                 316200        0        0
SOUTHWEST AIRLS CO             COM              844741108    23200   725000 SH       SOLE                 725000        0        0
SPACEHAB INC                   COM              846243103    11294  1063000 SH       SOLE                1063000        0        0
SPECIAL METALS CORP            COM              84741Y103     1406    75000 SH       SOLE                  75000        0        0
SPECTRIAN CORP                 COM              847608106     3206    50000 SH       SOLE                  50000        0        0
STAFF LEASING INC              COM              852381102     3078   125000 SH       SOLE                 125000        0        0
STARTER CORP                   COM              855684106     5244  1252200 SH       SOLE                1252200        0        0
STATE STR CORP                 COM              857477103     9585   157300 SH       SOLE                 157300        0        0
STERIGENICS INTL INC           COM              85915R105     3652   208700 SH       SOLE                 208700        0        0
STERIS CORP                    COM              859152100    52763  1283000 SH       SOLE                1283000        0        0
STERLING SOFTWARE INC          COM              859547101     8477   236300 SH       SOLE                 236300        0        0
STEWART & STEVENSON SVCS INC   COM              860342104    23341   970000 SH       SOLE                 970000        0        0
STOKELY USA INC                COM              861502102      455   485000 SH       SOLE                 485000        0        0
STONE CONTAINER CORP           COM              861589109    22535  1448000 SH       SOLE                1448000        0        0
STORM TECHNOLOGY INC           COM              862219102     3619   965000 SH       SOLE                 965000        0        0
STORMEDIA INC                  CL A             862221108     7774  1337500 SH       SOLE                1337500        0        0
STRATTEC SEC CORP              COM              863111100    12254   440600 SH       SOLE                 440600        0        0
STRUCTURAL DYNAMICS RESH CORP  COM              863555108    82000  3200000 SH       SOLE                3200000        0        0
SUCCESSORIES INC               COM              864591102     3156   427900 SH       SOLE                 427900        0        0
SUMMA FOUR INC                 COM              865628101     5639   563900 SH       SOLE                 563900        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
                                                                                                                                  
SUMMIT BANCORP                 COM              866005101    23833   541650 SH       SOLE                 541650        0        0
SUN INC                        COM              866762107    11391   260000 SH       SOLE                 260000        0        0
SUNAMERICA INC                 COM              866930100    10287   262500 SH       SOLE                 262500        0        0
SUNBEAM CORP                   COM              867071102     8560   192900 SH       SOLE                 192900        0        0
SUNCOR ENERGY INC              COM              867229106    10143   276000 SH       SOLE                 276000        0        0
SUNDSTRAND CORP                COM              867323107     5763   100000 SH       SOLE                 100000        0        0
SUNRISE MED INC                COM              867910101    19472  1246200 SH       SOLE                1246200        0        0
SYMANTEC CORP                  COM              871503108     5688   250000 SH       SOLE                 250000        0        0
SYNAPTIC PHARMACEUTICAL CORP   COM              87156R109     3105   230000 SH       SOLE                 230000        0        0
SYNOPSYS INC                   COM              871607107     8500   200000 SH       SOLE                 200000        0        0
TB WOODS CORP                  COM              872226105     5931   325000 SH       SOLE                 325000        0        0
TCBY ENTERPRISES INC           COM              872245105     1958   279700 SH       SOLE                 279700        0        0
TCF FINL CORP                  COM              872275102     5844   100000 SH       SOLE                 100000        0        0
TCSI CORP                      COM              87233R106     4002   736000 SH       SOLE                 736000        0        0
TRC COS INC                    COM              872625108     2576   664900 SH       SOLE                 664900        0        0
TRW INC                        COM              872649108    10975   200000 SH       SOLE                 200000        0        0
TARGETED GENETICS CORP         COM              87612M108     9040  1662500 SH       SOLE                1662500        0        0
TEJON RANCH CO DEL             COM              879080109    33362   999600 SH       SOLE                 999600        0        0
TELE DANMARK A/S               SPNSR ADR CL B   879242105     7473   280000 SH       SOLE                 280000        0        0
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR    879287100    10686    83000 SH       SOLE                  83000        0        0
TELEFONICA DE ARGENTINA S A    SPNSR ADR CL B   879378206     9574   261400 SH       SOLE                 261400        0        0
TELEFONICA DEL PERU S A        SPONS ADR CL B   879384105     6379   270000 SH       SOLE                 270000        0        0
TELEFONOS DE MEXICO S A        SP ADR REP ORD   879403780    13403   259000 SH       SOLE                 259000        0        0
TELEGROUP INC                  COM              879422103     5250   500000 SH       SOLE                 500000        0        0
TELTREND INC                   COM              87969R106    10319   607000 SH       SOLE                 607000        0        0
TEMPLE INLAND INC              COM              879868107    37395   584300 SH       SOLE                 584300        0        0
TENET HEALTHCARE CORP          COM              88033G100     9466   325000 SH       SOLE                 325000        0        0
TERADYNE INC                   COM              880770102     8610   160000 SH       SOLE                 160000        0        0
TEXACO INC                     COM              881694103    24575   400000 SH       SOLE                 400000        0        0
THERMO ELECTRON CORP           COM              883556102    29120   728000 SH       SOLE                 728000        0        0
THOMAS & BETTS CORP            COM              884315102    16388   300000 SH       SOLE                 300000        0        0
THORATEC LABS CORP             COM NEW          885175307    11042  1549800 SH       SOLE                1549800        0        0
360 COMMUNICATIONS CO          COM              885571109     7306   350000 SH       SOLE                 350000        0        0
TIME WARNER INC                COM              887315109    16338   301500 SH       SOLE                 301500        0        0
TITAN CORP                     COM              888266103     6189   884200 SH       SOLE                 884200        0        0
TITAN INTL INC ILL             COM              88830M102    11866   593300 SH       SOLE                 593300        0        0
TOSCO CORP                     COM NEW          891490302     6963   200000 SH       SOLE                 200000        0        0
TRANSPORTACION MARITIMA MEXICA SPONS ADR A SH   893868307     2087   344300 SH       SOLE                 344300        0        0
TRANSPRO INC                   COM              893885103     6975   641400 SH       SOLE                 641400        0        0
TRAVELERS PPTY CAS CORP        CL A             893939108    27338   675000 SH       SOLE                 675000        0        0
TRAVELERS GROUP INC            COM              894190107     8539   125000 SH       SOLE                 125000        0        0
TRIPOS INC                     COM              896928108     5288   278334 SH       SOLE                 278334        0        0
TUBOSCOPE INC                  COM              898600101     1569    50000 SH       SOLE                  50000        0        0
TUPPERWARE CORP                COM              899896104    11250   400000 SH       SOLE                 400000        0        0
TV AZTECA S A DE C V           SPONSORED ADR    901145102     1485    66000 SH       SOLE                  66000        0        0
TYSON FOODS INC                CL A             902494103    31687  1352000 SH       SOLE                1352000        0        0
USX MARATHON GROUP             COM NEW          902905827    16734   450000 SH       SOLE                 450000        0        0
USA WASTE SVCS INC             COM              902917103     5981   150000 SH       SOLE                 150000        0        0
US BANCORP DEL                 COM              902973106    34697   359550 SH       SOLE                 359550        0        0
USF&G CORP                     COM              903290104    18121   790000 SH       SOLE                 790000        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
                                                                                                                                  
ULTRALIFE BATTERIES INC        COM              903899102     8383   469000 SH       SOLE                 469000        0        0
ULTRATECH STEPPER INC          COM              904034105    22270   655000 SH       SOLE                 655000        0        0
UNIFI INC                      COM              904677101    16944   413900 SH       SOLE                 413900        0        0
UNILEVER N V                   NEW YORK SHS     904784501    10631    50000 SH       SOLE                  50000        0        0
UNICOM CORP                    COM              904911104    15787   675365 SH       SOLE                 675365        0        0
UNION CARBIDE CORP             COM              905581104    14621   300300 SH       SOLE                 300300        0        0
UNION PAC RES GROUP INC        COM              907834105    26188  1000000 SH       SOLE                1000000        0        0
UNION PLANTERS CORP            COM              908068109    16640   297800 SH       SOLE                 297800        0        0
UNISYS CORP                    COM              909214108     8422   550000 SH       SOLE                 550000        0        0
UNITED HEALTHCARE CORP         COM              910581107    13750   275000 SH       SOLE                 275000        0        0
U S BIOSCIENCE INC             COM PAR $0.01    911646206    22759  2000750 SH       SOLE                2000750        0        0
U S INDS INC NEW               COM              912080108    13050   450000 SH       SOLE                 450000        0        0
UNIVERSAL STAINLESS & ALLOY    COM              913837100     3938   252000 SH       SOLE                 252000        0        0
UROMED CORP                    COM              917274102     8818  1331000 SH       SOLE                1331000        0        0
V F CORP                       COM              918204108    18525   200000 SH       SOLE                 200000        0        0
VAIL RESORTS INC               COM              91879Q109    10700   400000 SH       SOLE                 400000        0        0
VENCOR INC                     COM              922602107    28875   700000 SH       SOLE                 700000        0        0
VERTEX PHARMACEUTICALS INC     COM              92532F100      536    14200 SH       SOLE                  14200        0        0
VESTA INS GROUP INC            COM              925391104     9451   165800 SH       SOLE                 165800        0        0
VIACOM INC                     CL B             925524308     3163   100000 SH       SOLE                 100000        0        0
VICAL INC                      COM              925602104    20250  1433600 SH       SOLE                1433600        0        0
VIDEONICS INC                  COM              92657Q105     3411   535000 SH       SOLE                 535000        0        0
VIEWLOGIC SYS INC              COM              926721101    26194  1100000 SH       SOLE                1100000        0        0
VIDEOSERVER INC                COM              926918103    12653  1205000 SH       SOLE                1205000        0        0
VISHAY INTERTECHNOLOGY INC     COM              928298108    11104   420000 SH       SOLE                 420000        0        0
VISTA MED TECHNOLOGIES INC     COM              928369107     4983   335000 SH       SOLE                 335000        0        0
VITALINK PHARMACY SVCS INC     COM              92846E104    10700   505000 SH       SOLE                 505000        0        0
VMARK SOFTWARE INC             COM              928561109     6150   600000 SH       SOLE                 600000        0        0
WEBS INDEX FD INC              CANADA WEBS      92923H400    12769   900000 SH       SOLE                 900000        0        0
WABASH NATL CORP               COM              929566107    29661  1025000 SH       SOLE                1025000        0        0
WALL DATA INC                  COM              932045107    16651   865000 SH       SOLE                 865000        0        0
WALSH INTL INC                 COM              933131104    10788   863000 SH       SOLE                 863000        0        0
WANG LABS INC NEW              COM              93369N109    47538  2257000 SH       SOLE                2257000        0        0
WARNACO GROUP INC              CL A             934390105    15081   475000 SH       SOLE                 475000        0        0
WASHINGTON GAS LT CO           COM              938837101     5125   200000 SH       SOLE                 200000        0        0
WASHINGTON MUT INC             COM              939322103    13950   200000 SH       SOLE                 200000        0        0
WASTE MGMT INTL PLC            SPONSORED ADR    940906100    20957  2579300 SH       SOLE                2579300        0        0
WASTE MGMT INC NEW             COM              94106K101    14848   425000 SH       SOLE                 425000        0        0
WATERLINK INC                  COM              94155N105     5906   315000 SH       SOLE                 315000        0        0
WATSON PHARMACEUTICALS INC     COM              942683103     6274   105000 SH       SOLE                 105000        0        0
WAUSAU PAPER MLS CO            COM              943317107     6125   250000 SH       SOLE                 250000        0        0
WELLMAN INC                    COM              949702104    10652   459400 SH       SOLE                 459400        0        0
WENDYS INTL INC                COM              950590109    17000   800000 SH       SOLE                 800000        0        0
WESCAST INDS INC               CL A SUB VTG     950813105     6820   205400 SH       SOLE                 205400        0        0
WEST TELESERVICES CORP         COM              956188106     3600   240000 SH       SOLE                 240000        0        0
WESTELL TECHNOLOGIES INC       CL A             957541105     3328   150000 SH       SOLE                 150000        0        0
WESTERN DIGITAL CORP           COM              958102105     4000   100000 SH       SOLE                 100000        0        0
WESTVACO CORP                  COM              961548104    17721   491400 SH       SOLE                 491400        0        0
WEYERHAEUSER CO                COM              962166104    14875   250000 SH       SOLE                 250000        0        0
WILLIAMS COS INC DEL           COM              969457100    28088   600000 SH       SOLE                 600000        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
                                                                                                                                  
WISCONSIN CENT TRANSN CORP     COM              976592105    28339   890800 SH       SOLE                 890800        0        0
WITCO CORP                     COM              977385103     9125   200000 SH       SOLE                 200000        0        0
WOOLWORTH CORP                 COM              980883102     4425   200000 SH       SOLE                 200000        0        0
XCELLENET INC                  COM              98388R106     8695   656200 SH       SOLE                 656200        0        0
XILINX INC                     COM              983919101    25805   509726 SH       SOLE                 509726        0        0
XEROX CORP                     COM              984121103    14733   175000 SH       SOLE                 175000        0        0
YPF SOCIEDAD ANONIMA           SPON ADR CL D    984245100    23394   635500 SH       SOLE                 635500        0        0
REPORT SUMMARY                707 DATA RECORDS            11058547            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED    
</TABLE>


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