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<TABLE>
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<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/97
Institutional Investment Manager:
STATE OF WISCONSIN INVESTMENT BOARD
P.O.BOX 7842
MADISON WI 53702-0000
I represent that I am authorized to submit this form and that
all information in this form and the attachments to it are true,
correct and complete and I understand that all required items,
statements and schedules are integral parts of this form and that
the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete
as previously submitted.
I am signing this report as required by the Securities Exchange
Act of 1934
Name, Title and Telephone Number of Person Submitting Report:
GEORGE NATZKE CHIEF FINANCIAL OFFICER 608-267-2059
Signature, Place and Date of Signing:
/s/ GEORGE NATZKE MADISON WI 01/16/98
<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 9650 100000 SH SOLE 100000 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 30113 2059000 SH SOLE 2059000 0 0
HILFIGER TOMMY CORP ORD G8915Z102 3513 100000 SH SOLE 100000 0 0
CIMATRON LTD ORD M23798107 1183 215000 SH SOLE 215000 0 0
SAPIENS INTL CORP N V ORD N7716A102 8516 1090000 SH SOLE 1090000 0 0
PANAMERICAN BEVERAGES INC CL A P74823108 17482 535860 SH SOLE 535860 0 0
ABC RAIL PRODS CORP COM 000752105 17700 885000 SH SOLE 885000 0 0
A D C TELECOMMUNICATIONS COM 000886101 10855 260000 SH SOLE 260000 0 0
AFLAC INC COM 001055102 17894 350000 SH SOLE 350000 0 0
APAC TELESERVICES INC COM 00185E106 1350 100000 SH SOLE 100000 0 0
ARI NETWORK SVCS INC COM NEW 001930205 490 391875 SH SOLE 391875 0 0
AT&T CORP COM 001957109 12416 202500 SH SOLE 202500 0 0
APP FIN VI MAURITIUS LTD LYONS NT ZERO 00202NAA3 19270 94000000 SH SOLE 94000000 0 0
ATL ULTRASOUND INC COM 00207N100 21579 469100 SH SOLE 469100 0 0
ABB AB SPONSORED ADR 00256Q103 2014 17100 SH SOLE 17100 0 0
ACCUSTAFF INC COM 004401105 17250 750000 SH SOLE 750000 0 0
ACNIELSEN CORP COM 004833109 7556 310000 SH SOLE 310000 0 0
ACUSON CORP COM 005113105 17473 1055000 SH SOLE 1055000 0 0
ADAPTEC INC COM 00651F108 14850 400000 SH SOLE 400000 0 0
ADEPT TECHNOLOGY INC COM 006854103 2299 218988 SH SOLE 218988 0 0
ADOBE SYS INC COM 00724F101 16628 403100 SH SOLE 403100 0 0
ADTRAN INC COM 00738A106 5500 200000 SH SOLE 200000 0 0
ADVANCED TISSUE SCIENCES INC COM 00755F103 27284 2204800 SH SOLE 2204800 0 0
AEHR TEST SYSTEMS COM 00760J108 4108 513500 SH SOLE 513500 0 0
ADVANCED MICRO DEVICES INC COM 007903107 5325 300000 SH SOLE 300000 0 0
ADVANTA CORP CL A 007942105 3281 125000 SH SOLE 125000 0 0
ADVANTA CORP CL B 007942204 3172 125000 SH SOLE 125000 0 0
AETNA INC COM 008117103 15912 225500 SH SOLE 225500 0 0
AFFILIATED MANAGERS GROUP COM 008252108 21225 731900 SH SOLE 731900 0 0
AGRIBIOTECH INC NEV COM 008494106 26362 1545000 SH SOLE 1545000 0 0
AHMANSON H F & CO COM 008677106 26373 394000 SH SOLE 394000 0 0
AIR & WTR TECHNOLOGIES CORP CL A 009058108 3496 3107775 SH SOLE 3107775 0 0
AIRGAS INC COM 009363102 11900 850000 SH SOLE 850000 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 29094 700000 SH SOLE 700000 0 0
ALBERTSONS INC COM 013104104 11883 251500 SH SOLE 251500 0 0
ALEXANDRIA REAL ESTATE EQ INC COM 015271109 6470 205000 SH SOLE 205000 0 0
ALIGN-RITE INTL INC COM 016251100 956 75000 SH SOLE 75000 0 0
ALLEGHENY TELEDYNE INC COM 017415100 10350 400000 SH SOLE 400000 0 0
ALLEN TELECOM INC COM 018091108 48520 2631600 SH SOLE 2631600 0 0
ALLERGAN INC COM 018490102 5034 150000 SH SOLE 150000 0 0
ALLIANCE SEMICONDUCTOR CORP COM 01877H100 16065 3521200 SH SOLE 3521200 0 0
ALPHA BETA TECHNOLOGY INC COM 02071K105 4270 1646000 SH SOLE 1646000 0 0
ALPHARMA INC CL A 020813101 18727 861000 SH SOLE 861000 0 0
ALUMINUM CO AMER COM 022249106 17594 250000 SH SOLE 250000 0 0
ALZA CORP DEL COM 022615108 19088 600000 SH SOLE 600000 0 0
AMCOL INTL CORP COM 02341W103 4215 265500 SH SOLE 265500 0 0
AMERADA HESS CORP COM 023551104 10975 200000 SH SOLE 200000 0 0
AMERICA ONLINE INC DEL COM 02364J104 27150 300000 SH SOLE 300000 0 0
AMERICA WEST HLDG CORP CL B 023657208 14140 759200 SH SOLE 759200 0 0
AMERICAN ELEC PWR INC COM 025537101 20650 400000 SH SOLE 400000 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
AMERICAN HOME PRODS CORP COM 026609107 9563 125000 SH SOLE 125000 0 0
AMERICAN INTL GROUP INC COM 026874107 20391 187500 SH SOLE 187500 0 0
AMERICAN MGMT SYS INC COM 027352103 9750 500000 SH SOLE 500000 0 0
AMERICAN ONCOLOGY RES INC COM 028910107 3200 200000 SH SOLE 200000 0 0
AMERICAN RESIDENTIAL SVCS INC COM 028911105 2936 187900 SH SOLE 187900 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 140380 5942000 SH SOLE 5942000 0 0
AMERICAN SKIING CO COM 029654308 13402 901000 SH SOLE 901000 0 0
AMERICAN SOFTWARE INC CL A 029683109 12084 1315300 SH SOLE 1315300 0 0
AMERIN CORP COM 03070X106 6160 220000 SH SOLE 220000 0 0
AMGEN INC COM 031162100 14884 275000 SH SOLE 275000 0 0
AMP INC COM 031897101 59934 1427000 SH SOLE 1427000 0 0
AMSOUTH BANCORPORATION COM 032165102 17108 315000 SH SOLE 315000 0 0
AMYLIN PHARMACEUTICALS INC COM 032346108 9842 1810000 SH SOLE 1810000 0 0
ANADARKO PETE CORP COM 032511107 18206 300000 SH SOLE 300000 0 0
ANALOG DEVICES INC COM 032654105 8306 300000 SH SOLE 300000 0 0
ANALOGY INC COM 032659104 4203 731000 SH SOLE 731000 0 0
ANDREW CORP COM 034425108 17352 723000 SH SOLE 723000 0 0
ANHEUSER BUSCH COS INC COM 035229103 8800 200000 SH SOLE 200000 0 0
ANTEC CORP COM 03664P105 34919 2234800 SH SOLE 2234800 0 0
APACHE CORP COM 037411105 42075 1200000 SH SOLE 1200000 0 0
APPLE SOUTH INC COM 037857109 36750 2800000 SH SOLE 2800000 0 0
APPLEBEES INTL INC COM 037899101 4696 260000 SH SOLE 260000 0 0
APPLIED DIGITAL ACCESS INC COM 038181103 5933 1009800 SH SOLE 1009800 0 0
APPLIED MAGNETICS CP DEL COM 038213104 6875 625000 SH SOLE 625000 0 0
APPLIED MATLS INC COM 038222105 10544 350000 SH SOLE 350000 0 0
AQUILA BIOPHARM INC COM 03839F107 1734 414074 SH SOLE 414074 0 0
ARCH COMMUNICATIONS GROUP INC COM 039381108 7114 1388000 SH SOLE 1388000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 12737 587277 SH SOLE 587277 0 0
ARCTIC CAT INC COM 039670104 24723 2552000 SH SOLE 2552000 0 0
ARKANSAS BEST CORP DEL COM 040790107 13650 1400000 SH SOLE 1400000 0 0
ARMCO INC COM 042170100 48775 9878500 SH SOLE 9878500 0 0
ASIA PAC FD INC COM 044901106 1519 204300 SH SOLE 204300 0 0
ASIA TIGERS FD INC COM 04516T105 2885 384700 SH SOLE 384700 0 0
ASPECT TELECOMMUNICATIONS CORP COM 045237104 5219 250000 SH SOLE 250000 0 0
ASSOCIATES FIRST CAP CORP CL A 046008108 28706 403250 SH SOLE 403250 0 0
ATLANTIC RICHFIELD CO COM 048825103 12019 150000 SH SOLE 150000 0 0
ATLAS AIR INC COM 049164106 12648 527000 SH SOLE 527000 0 0
AUSPEX SYS INC COM 052116100 23072 2307200 SH SOLE 2307200 0 0
AUTODESK INC COM 052769106 14800 400000 SH SOLE 400000 0 0
AUTOIMMUNE INC COM 052776101 5267 1590000 SH SOLE 1590000 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 13932 227000 SH SOLE 227000 0 0
AUTOTOTE CORP CL A 053323101 7402 3036553 SH SOLE 3036553 0 0
AVERY DENNISON CORP COM 053611109 9756 218000 SH SOLE 218000 0 0
AVON PRODS INC COM 054303102 7672 125000 SH SOLE 125000 0 0
BB&T CORP COM 054937107 5926 92500 SH SOLE 92500 0 0
BMC SOFTWARE INC COM 055921100 40031 610000 SH SOLE 610000 0 0
BAKER HUGHES INC COM 057224107 36645 840000 SH SOLE 840000 0 0
BAKER J INC COM 057232100 2337 415500 SH SOLE 415500 0 0
BALDWIN PIANO & ORGAN CO COM 058246109 4688 300000 SH SOLE 300000 0 0
BALLARD MED PRODS COM 058566100 36002 1484600 SH SOLE 1484600 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
BANCO DE GALICIA Y BUENOS AIRE SPNS ADR B NEW 059538207 1669 64800 SH SOLE 64800 0 0
BANCO DE SANTANDER ADR 059574202 3614 111000 SH SOLE 111000 0 0
BANKERS TRUST N Y CORP COM 066365107 17990 160000 SH SOLE 160000 0 0
BANTA CORP COM 066821109 7155 265000 SH SOLE 265000 0 0
BARNES & NOBLE INC COM 067774109 3338 100000 SH SOLE 100000 0 0
BARRICK GOLD CORP COM 067901108 7450 400000 SH SOLE 400000 0 0
BAY NETWORKS INC COM 072510100 12813 500000 SH SOLE 500000 0 0
BAY ST GAS CO COM PAR $3.33 072612609 5457 147000 SH SOLE 147000 0 0
BEAR STEARNS COS INC COM 073902108 14725 310000 SH SOLE 310000 0 0
BELCO OIL & GAS CORP COM 077410108 4703 250000 SH SOLE 250000 0 0
BELL SPORTS CORP COM 077903102 2531 300000 SH SOLE 300000 0 0
BEMIS INC COM 081437105 11368 258000 SH SOLE 258000 0 0
BERGEN BRUNSWIG CORP CL A 083739102 21804 517600 SH SOLE 517600 0 0
BETHLEHEM STL CORP COM 087509105 11728 1350000 SH SOLE 1350000 0 0
BEVERLY ENTERPRISES INC COM NEW 087851309 1214 93400 SH SOLE 93400 0 0
BIG ENTMT INC COM 089144109 2525 400000 SH SOLE 400000 0 0
BIOGEN INC COM 090597105 33109 910200 SH SOLE 910200 0 0
BIOTRANSPLANT INC COM 09066Y107 2501 435000 SH SOLE 435000 0 0
BIORELIANCE CORP COM 090951104 2346 102000 SH SOLE 102000 0 0
BOMBAY CO INC COM 097924104 17086 3694300 SH SOLE 3694300 0 0
BOSTON SCIENTIFIC CORP COM 101137107 9175 200000 SH SOLE 200000 0 0
BOWATER INC COM 102183100 7332 165000 SH SOLE 165000 0 0
BRADY WH CO CL A 104674106 3100 100000 SH SOLE 100000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 14288 151000 SH SOLE 151000 0 0
BRITISH PETE PLC AMERN SH 110889409 91752 1151400 SH SOLE 1151400 0 0
BROWNING FERRIS INDS COM 115885105 18500 500000 SH SOLE 500000 0 0
BRUNSWICK CORP COM 117043109 12125 400000 SH SOLE 400000 0 0
BRUSH WELLMAN INC COM 117421107 15435 630000 SH SOLE 630000 0 0
BURLINGTON RES INC COM 122014103 17925 400000 SH SOLE 400000 0 0
C ATS SOFTWARE INC COM 124778101 2347 463700 SH SOLE 463700 0 0
CIT GROUP INC CL A 125577106 13061 405000 SH SOLE 405000 0 0
CML GROUP INC COM 125820100 15310 4622000 SH SOLE 4622000 0 0
CMS ENERGY CORP COM 125896100 52077 1181900 SH SOLE 1181900 0 0
CPB INC COM 125903104 9664 470000 SH SOLE 470000 0 0
CTB INTL CORP COM 125960104 4275 300000 SH SOLE 300000 0 0
C P CLARE CORP COM 12615K107 8535 656500 SH SOLE 656500 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 13475 550000 SH SOLE 550000 0 0
CAERE CORP COM 127646107 10781 1250000 SH SOLE 1250000 0 0
CALIFORNIA MICROWAVE INC COM 130442106 3875 200000 SH SOLE 200000 0 0
CAMBRIDGE NEUROSCIENCE INC COM 132426107 3436 1745000 SH SOLE 1745000 0 0
CANNONDALE CORP COM 137798104 3082 141700 SH SOLE 141700 0 0
CAPITAL ONE FINL CORP COM 14040H105 11108 205000 SH SOLE 205000 0 0
CAPSTAR HOTEL CO COM 140918103 1716 50000 SH SOLE 50000 0 0
CARDIAC PATHWAYS CORP COM 141408104 5110 730000 SH SOLE 730000 0 0
CARDIOGENESIS CORP COM 14159K105 2394 383000 SH SOLE 383000 0 0
CAREY INTERNATIONAL INC COM 141750109 2541 168000 SH SOLE 168000 0 0
CARIBINER INTL INC COM 141888107 1113 25000 SH SOLE 25000 0 0
CARDIOTHORACIC SYS INC COM 141907105 1829 332500 SH SOLE 332500 0 0
CAROLINA PWR & LT CO COM 144141108 10594 250000 SH SOLE 250000 0 0
CARRAMERICA RLTY CORP COM 144418100 13943 440000 SH SOLE 440000 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
CASE CORP COM 14743R103 18131 300000 SH SOLE 300000 0 0
CASINO MAGIC CORP COM 147590103 1557 1346500 SH SOLE 1346500 0 0
CATALYST INTL INC COM 14887T105 3230 795000 SH SOLE 795000 0 0
CELADON GROUP INC COM 150838100 2290 169600 SH SOLE 169600 0 0
CELL GENESYS INC COM 150921104 2635 309975 SH SOLE 309975 0 0
CELERITEK INC COM 150926103 9341 667200 SH SOLE 667200 0 0
CELLPRO INC COM 151156106 797 344600 SH SOLE 344600 0 0
CENTOCOR INC COM 152342101 58294 1753200 SH SOLE 1753200 0 0
CEPHALON INC COM 156708109 28157 2475300 SH SOLE 2475300 0 0
CERIDIAN CORP COM 15677T106 9163 200000 SH SOLE 200000 0 0
CERION TECHNOLOGIES INC COM 156916108 1351 686200 SH SOLE 686200 0 0
CHAMPION ENTERPRISES INC COM 158496109 20563 1000000 SH SOLE 1000000 0 0
CHAMPION INTL CORP COM 158525105 9063 200000 SH SOLE 200000 0 0
CHANNELL COML CORP COM 159186105 4375 350000 SH SOLE 350000 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 1643 15000 SH SOLE 15000 0 0
CHECKERS DRIVE-IN RESTAURANTS WT EXP 122200 162809115 22 86819 SH SOLE 86819 0 0
CHICAGO MINIATURE LAMP INC COM 167781103 25745 762800 SH SOLE 762800 0 0
CHIQUITA BRANDS INTL INC COM 170032106 3263 200000 SH SOLE 200000 0 0
CHIQUITA BRANDS INTL INC PFD A NON VTG 170032403 6910 135000 SH SOLE 135000 0 0
CHOICEPOINT INC COM 170388102 6461 135300 SH SOLE 135300 0 0
CINCINNATI BELL INC COM 171870108 6200 200000 SH SOLE 200000 0 0
CISCO SYS INC COM 17275R102 10537 189000 SH SOLE 189000 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 15888 200000 SH SOLE 200000 0 0
COCA COLA CO COM 191216100 23341 350000 SH SOLE 350000 0 0
COCENSYS INC COM 191263102 1375 400000 SH SOLE 400000 0 0
COLE KENNETH PRODTNS INC COM 193294105 11244 700000 SH SOLE 700000 0 0
COLGATE PALMOLIVE CO COM 194162103 12863 175000 SH SOLE 175000 0 0
COLLABORATIVE CLINICAL RESH COM 194190104 1873 370000 SH SOLE 370000 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 10408 351320 SH SOLE 351320 0 0
COMCAST CORP CL A SPL 200300200 14124 447500 SH SOLE 447500 0 0
COMERICA INC COM 200340107 9025 100000 SH SOLE 100000 0 0
COMMSCOPE INC COM 203372107 10900 800000 SH SOLE 800000 0 0
COMPANHIA BRASILEIRA DE DISTRB ADR 20440T201 1124 58000 SH SOLE 58000 0 0
COMPANHIA CERVEJARIA BRAHMA SPONSD ADR PFD 20440X103 1270 89500 SH SOLE 89500 0 0
COMPANHIA PARANAENSE ENERG COP SPONS ADR PFD 20441B407 1143 83500 SH SOLE 83500 0 0
COMPUWARE CORP COM 205638109 60608 1894000 SH SOLE 1894000 0 0
CONNETICS CORP COM 208192104 2128 695000 SH SOLE 695000 0 0
CONSECO INC COM 208464107 4544 100000 SH SOLE 100000 0 0
CONSOLIDATED EDISON CO N Y INC COM 209111103 9520 232200 SH SOLE 232200 0 0
CONSOLIDATED PAPERS INC COM 209759109 10782 202000 SH SOLE 202000 0 0
CONSOLIDATED STORES CORP COM 210149100 32953 750000 SH SOLE 750000 0 0
CONTINENTAL NATURAL GAS INC COM 211789102 1613 150000 SH SOLE 150000 0 0
CONTROL DEVICES INC COM 21238C103 5653 353332 SH SOLE 353332 0 0
COPART INC COM 217204106 22410 1253700 SH SOLE 1253700 0 0
COR THERAPEUTICS INC COM 217753102 14119 627500 SH SOLE 627500 0 0
CORDIANT PLC SPONSD ADR NEW 218514206 41597 4378626 SH SOLE 4378626 0 0
CORRECTIONS CORP AMER COM 220256101 22238 600000 SH SOLE 600000 0 0
COSTCO COMPANIES INC COM 22160Q102 49088 1100000 SH SOLE 1100000 0 0
COTT CORP QUE COM 22163N106 16743 1984400 SH SOLE 1984400 0 0
COUNTRYWIDE CR INDS INC DEL COM 222372104 17150 400000 SH SOLE 400000 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
COVANCE INC COM 222816100 2826 142200 SH SOLE 142200 0 0
COX COMMUNICATIONS INC NEW CL A 224044107 7011 175000 SH SOLE 175000 0 0
CRACKER BARREL OLD CTRY STR COM 224100107 13350 400000 SH SOLE 400000 0 0
CRESCENDO PHARMACEUTICALS CORP CL A 225637107 347 30000 SH SOLE 30000 0 0
CRESTAR FINL CORP COM 226091106 12415 217800 SH SOLE 217800 0 0
CROMPTON & KNOWLES CORP COM 227111101 38069 1436550 SH SOLE 1436550 0 0
CROWN CORK & SEAL INC COM 228255105 5013 100000 SH SOLE 100000 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 291 50000 SH SOLE 50000 0 0
CYBERMEDIA INC COM 23249P107 230 15275 SH SOLE 15275 0 0
CYBERONICS INC COM 23251P102 12922 847362 SH SOLE 847362 0 0
CYGNUS INC COM 232560102 785 39500 SH SOLE 39500 0 0
CYTEL CORP COM 23282E100 3638 2425000 SH SOLE 2425000 0 0
CYTOGEN CORP COM 232824102 3460 2129500 SH SOLE 2129500 0 0
DSC COMMUNICATIONS CORP COM 233311109 44734 1863900 SH SOLE 1863900 0 0
DT INDUSTRIES INC COM 23333J108 11730 345000 SH SOLE 345000 0 0
DTE ENERGY CO COM 233331107 10406 300000 SH SOLE 300000 0 0
DAMES & MOORE GROUP INC COM 235713104 16035 1210200 SH SOLE 1210200 0 0
DANA CORP COM 235811106 56406 1187500 SH SOLE 1187500 0 0
DANKA BUSINESS SYS PLC SPONSORED ADR 236277109 5578 350000 SH SOLE 350000 0 0
DATUM INC COM 238208102 4467 312100 SH SOLE 312100 0 0
DELTA AIR LINES INC DEL COM 247361108 11900 100000 SH SOLE 100000 0 0
DENDRITE INTL INC COM 248239105 11238 580000 SH SOLE 580000 0 0
DENTSPLY INTL INC NEW COM 249030107 30500 1000000 SH SOLE 1000000 0 0
DEPUY INC COM 249726100 9214 320500 SH SOLE 320500 0 0
DIACRIN INC COM 25243N103 6429 635000 SH SOLE 635000 0 0
DIACRIN INC WT EXP 123100 25243N111 1138 650000 SH SOLE 650000 0 0
DIAMETRICS MED INC COM 252532106 7581 1362800 SH SOLE 1362800 0 0
DIAMOND HOME SVCS INC COM 252648100 4368 613050 SH SOLE 613050 0 0
DIGITAL EQUIP CORP COM 253849103 22275 600000 SH SOLE 600000 0 0
DIME BANCORP INC NEW COM 25429Q102 9075 300000 SH SOLE 300000 0 0
DISNEY WALT CO COM 254687106 14974 151250 SH SOLE 151250 0 0
DISTRIBUCION Y SERVICIO D&S SA SPONSORED ADR 254753106 1059 57064 SH SOLE 57064 0 0
DOMINION RES INC VA COM 257470104 10202 239700 SH SOLE 239700 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 9099 151500 SH SOLE 151500 0 0
DUKE REALTY INVT INC COM NEW 264411505 7275 300000 SH SOLE 300000 0 0
DURA AUTOMOTIVE SYSTEMS CORP CL A 265903104 5866 237000 SH SOLE 237000 0 0
DYNAMIC HEALTHCARE TECHNOLOGS COM 267927101 4747 1550000 SH SOLE 1550000 0 0
E M C CORP MASS COM 268648102 22746 829000 SH SOLE 829000 0 0
ESS TECHNOLOGY INC COM 269151106 7328 965000 SH SOLE 965000 0 0
EASTERN ENTERPRISES COM 27637F100 7767 172600 SH SOLE 172600 0 0
EASTMAN KODAK CO COM 277461109 32704 540000 SH SOLE 540000 0 0
EATON CORP COM 278058102 20081 225000 SH SOLE 225000 0 0
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 1298 77500 SH SOLE 77500 0 0
ECLIPSE SURGICAL TECHNOLOGIES COM 278849104 1136 193334 SH SOLE 193334 0 0
ECOLAB INC COM 278865100 11088 200000 SH SOLE 200000 0 0
EDWARDS AG INC COM 281760108 33605 845400 SH SOLE 845400 0 0
EL PASO NAT GAS CO COM NEW 283695872 7485 112557 SH SOLE 112557 0 0
ELECTROGLAS INC COM 285324109 27595 1787500 SH SOLE 1787500 0 0
ELECTRONIC DATA SYS NEW COM 285661104 52110 1186000 SH SOLE 1186000 0 0
ELECTRONICS FOR IMAGING INC COM 286082102 4988 300000 SH SOLE 300000 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
ENERGY BIOSYSTEMS CORP COM 29265L102 3063 942500 SH SOLE 942500 0 0
ENGELHARD CORP COM 292845104 46509 2676800 SH SOLE 2676800 0 0
ENDOCARDIAL SOLUTIONS INC COM 292962107 2025 200000 SH SOLE 200000 0 0
ENRON OIL & GAS CO COM 293562104 8517 402000 SH SOLE 402000 0 0
ENZON INC COM 293904108 13866 2521000 SH SOLE 2521000 0 0
ENVIRONMENTAL ELEMENTS CORP COM 293940102 2094 598200 SH SOLE 598200 0 0
EQUIFAX INC COM 294429105 21263 600000 SH SOLE 600000 0 0
EQUITABLE COS INC COM 29444G107 29850 600000 SH SOLE 600000 0 0
ERICSSON L M TEL CO ADR CL B SEK10 294821400 14716 394400 SH SOLE 394400 0 0
EVANS & SUTHERLAND COMPUTER CP COM 299096107 20590 710000 SH SOLE 710000 0 0
EXABYTE CORP COM 300615101 4941 767600 SH SOLE 767600 0 0
EXIDE CORP COM 302051107 53432 2065000 SH SOLE 2065000 0 0
EXOGEN INC COM 302092101 3539 884800 SH SOLE 884800 0 0
EXXON CORP COM 302290101 24628 402500 SH SOLE 402500 0 0
FPA MEDICAL MANAGEMENT INC COM 302543103 10542 566000 SH SOLE 566000 0 0
FPL GROUP INC COM 302571104 17756 300000 SH SOLE 300000 0 0
FSI INTL INC COM 302633102 19176 1632000 SH SOLE 1632000 0 0
FALCON DRILLING INC COM 305914103 3488 100000 SH SOLE 100000 0 0
FAMILY DLR STORES INC COM 307000109 8794 300000 SH SOLE 300000 0 0
FAMOUS DAVES AMER INC COM 307068106 237 26500 SH SOLE 26500 0 0
FAROUDJA INC COM 311643100 3113 300000 SH SOLE 300000 0 0
FEDERAL NATL MTG ASSN COM 313586109 17290 303000 SH SOLE 303000 0 0
FEMALE HEALTH CO COM 314462102 2223 635000 SH SOLE 635000 0 0
FINOVA GROUP INC COM 317928109 19875 400000 SH SOLE 400000 0 0
FIRST AMER BK CORP COM 318906104 15425 200000 SH SOLE 200000 0 0
FIRST DATA CORP COM 319963104 8044 275000 SH SOLE 275000 0 0
FIRST NORTHN CAP CORP COM 335832101 4668 333400 SH SOLE 333400 0 0
FIRST SEC CORP DEL COM 336294103 25125 600000 SH SOLE 600000 0 0
FIRST TENN NATL CORP COM 337162101 2470 37000 SH SOLE 37000 0 0
FIRSTAR CORP COM 33761C103 6790 160000 SH SOLE 160000 0 0
FISERV INC COM 337738108 21861 445000 SH SOLE 445000 0 0
FLETCHER CHALLENGE LTD SPN ADR FSTDIV 339324402 1950 232800 SH SOLE 232800 0 0
FLORIDA PROGRESS CORP COM 341109106 5558 141600 SH SOLE 141600 0 0
FLUOR CORP COM 343861100 9007 241000 SH SOLE 241000 0 0
FOAMEX INTL INC COM 344123104 5601 515000 SH SOLE 515000 0 0
FOOD LION INC CL B 344775101 3737 453000 SH SOLE 453000 0 0
FOOD LION INC CL A 344775200 10607 1257100 SH SOLE 1257100 0 0
FORENSIC TECHNOLOGIES INTL COM 345518104 3913 313000 SH SOLE 313000 0 0
FORT JAMES CORP COM 347471104 310102 8107250 SH SOLE 8107250 0 0
FRANCE TELECOM SPONSORED ADR 35177Q105 3215 89300 SH SOLE 89300 0 0
FRITZ COS INC COM 358846103 27447 1969300 SH SOLE 1969300 0 0
FRUIT OF THE LOOM INC CL A 359416104 17938 700000 SH SOLE 700000 0 0
FUSION MED TECHNOLOGIES INC COM 361128101 1400 476600 SH SOLE 476600 0 0
GPU INC COM 36225X100 11795 280000 SH SOLE 280000 0 0
GT BICYCLES INC COM 36229H101 1523 256500 SH SOLE 256500 0 0
GALILEO INTERNATIONAL INC COM 363547100 4622 167300 SH SOLE 167300 0 0
GALOOB TOYS INC COM 364091108 13376 1313000 SH SOLE 1313000 0 0
GARGOYLES INC COM 366033108 793 198334 SH SOLE 198334 0 0
GASONICS INTL CORP COM 367278108 4056 410700 SH SOLE 410700 0 0
GENEMEDICINE INC COM 368707105 4708 930000 SH SOLE 930000 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
GENERAL DATACOMM INDS INC COM 369487103 7599 1621100 SH SOLE 1621100 0 0
GENERAL ELEC CO COM 369604103 22159 302000 SH SOLE 302000 0 0
GENERAL NUTRITION COS INC COM 37047F103 5246 154300 SH SOLE 154300 0 0
GENERAL RE CORP COM 370563108 10600 50000 SH SOLE 50000 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 27044 2338900 SH SOLE 2338900 0 0
GENSIA SICOR INC COM 372450106 19612 3374117 SH SOLE 3374117 0 0
GENZYME CORP COM GENL DIV 372917104 57581 2075000 SH SOLE 2075000 0 0
GENZYME CORP COM-TISSUE REP 372917401 12541 1824148 SH SOLE 1824148 0 0
GILLETTE CO COM 375766102 15066 150000 SH SOLE 150000 0 0
GLENAYRE TECHNOLOGIES INC COM 377899109 58788 5953200 SH SOLE 5953200 0 0
GLOBAL MOTORSPORT GROUP INC COM 378937106 5467 470300 SH SOLE 470300 0 0
GLIATECH INC COM 37929C103 7288 711000 SH SOLE 711000 0 0
GLOBECOMM SYSTEMS INC COM 37956X103 853 75000 SH SOLE 75000 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 9781 100000 SH SOLE 100000 0 0
GOODMARK FOODS INC COM 382387108 12721 687600 SH SOLE 687600 0 0
GRACO INC COM 384109104 23664 634200 SH SOLE 634200 0 0
GREAT LAKES CHEM CORP COM 390568103 16511 370000 SH SOLE 370000 0 0
GREEN TREE FINL CORP COM 393505102 5238 200000 SH SOLE 200000 0 0
GRUPO TELEVISA SA DE CV SPN ADR REPORD 40049J206 4739 122500 SH SOLE 122500 0 0
GRUPO ELEKTRA SA DE CV GLOBL DEP RCPT 40050A102 257 7290 SH SOLE 7290 0 0
GTECH HLDGS CORP COM 400518106 9581 300000 SH SOLE 300000 0 0
HCIA INC COM 403908106 4692 395100 SH SOLE 395100 0 0
HMT TECHNOLOGY CORP COM 403917107 9783 752500 SH SOLE 752500 0 0
HBO & CO COM 404100109 14400 300000 SH SOLE 300000 0 0
HMG WORLDWIDE CORP COM 404235103 925 740000 SH SOLE 740000 0 0
HAEMONETICS CORP COM 405024100 36665 2618900 SH SOLE 2618900 0 0
HALLIBURTON CO COM 406216101 159261 3070100 SH SOLE 3070100 0 0
HANDLEMAN CO DEL COM 410252100 21902 3157100 SH SOLE 3157100 0 0
HANNA M A CO COM 410522106 1578 62500 SH SOLE 62500 0 0
HANOVER DIRECT INC COM 410783104 86 28712 SH SOLE 28712 0 0
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HARLAND JOHN H CO COM 412693103 7350 350000 SH SOLE 350000 0 0
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HEALTHCARE SVCS GRP INC COM 421906108 8838 700000 SH SOLE 700000 0 0
HEALTHSOUTH CORP COM 421924101 32207 1160598 SH SOLE 1160598 0 0
HEALTHCARE COMPARE CORP COM 421928102 21473 420000 SH SOLE 420000 0 0
HERCULES INC COM 427056106 24531 490000 SH SOLE 490000 0 0
HESKA CORP COM 42805E108 12375 1000000 SH SOLE 1000000 0 0
HEWLETT PACKARD CO COM 428236103 9356 150000 SH SOLE 150000 0 0
HIBERNIA CORP CL A 428656102 2886 152900 SH SOLE 152900 0 0
HILTON HOTELS CORP COM 432848109 14997 504100 SH SOLE 504100 0 0
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HOLLYWOOD PK INC NEW COM 436255103 39160 1780000 SH SOLE 1780000 0 0
HOLOGIC INC COM 436440101 859 41500 SH SOLE 41500 0 0
HOMEBASE INC COM 43738E108 1559 198000 SH SOLE 198000 0 0
HONEYWELL INC COM 438506107 4795 70000 SH SOLE 70000 0 0
HONG KONG TELECOMMUNICATIONS SPONSORED ADR 438579203 3347 162300 SH SOLE 162300 0 0
HORMEL FOODS CORP COM 440452100 6550 200000 SH SOLE 200000 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 23013 700000 SH SOLE 700000 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
HOST MARRIOTT CORP COM 441078102 12756 650000 SH SOLE 650000 0 0
HOUSTON INDS INC COM 442161105 6153 230000 SH SOLE 230000 0 0
HOWMET INTERNATIONAL COM 443208103 6000 400000 SH SOLE 400000 0 0
ICN PHARMACEUTICALS INC NEW COM 448924100 19275 393362 SH SOLE 393362 0 0
HYSEQ INC COM 449163302 1620 168300 SH SOLE 168300 0 0
IBP INC COM 449223106 2617 125000 SH SOLE 125000 0 0
ICC TECHNOLOGIES INC COM NEW 449238203 3537 2020900 SH SOLE 2020900 0 0
ICF KAISER INTL INC COM 449244102 4838 2092200 SH SOLE 2092200 0 0
ICOS CORP COM 449295104 34794 1900000 SH SOLE 1900000 0 0
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IMC GLOBAL INC COM 449669100 3275 100000 SH SOLE 100000 0 0
IBAH INC COM 450731104 8441 2250800 SH SOLE 2250800 0 0
ITT INDS INC IND COM 450911102 17131 546000 SH SOLE 546000 0 0
IDEXX LABS CORP COM 45168D104 31384 1969200 SH SOLE 1969200 0 0
IKON OFFICE SOLUTIONS INC COM 451713101 5625 200000 SH SOLE 200000 0 0
ILLINOIS TOOL WKS INC COM 452308109 30063 500000 SH SOLE 500000 0 0
IMMULOGIC PHARMACEUTICAL CORP COM 45252R100 3684 1965000 SH SOLE 1965000 0 0
INCO LTD COM 453258402 8860 521166 SH SOLE 521166 0 0
INCO LTD CL VBN SH 453258709 993 74750 SH SOLE 74750 0 0
INCONTROL INC COM 45336L103 3201 544800 SH SOLE 544800 0 0
INDUSTRIAS BACHOCO S A DE C V SPN ADR B&L SH 456463108 11470 588200 SH SOLE 588200 0 0
INFORMATION STORAGE DEVICES COM 456753102 2750 456000 SH SOLE 456000 0 0
ING GROEP N V SPONSORED ADR 456837103 40884 966250 SH SOLE 966250 0 0
INGERSOLL RAND CO COM 456866102 32400 800000 SH SOLE 800000 0 0
INFORMATION RES INC COM 456905108 24229 1811514 SH SOLE 1811514 0 0
INGRAM MICRO INC CL A 457153104 8301 285000 SH SOLE 285000 0 0
INPUT/OUTPUT INC COM 457652105 8906 300000 SH SOLE 300000 0 0
INSURANCE AUTO AUCTIONS INC COM 457875102 10925 950000 SH SOLE 950000 0 0
INTEGRATED MEASUREMENT SYS INC COM 457923100 4059 237000 SH SOLE 237000 0 0
INTEGRA LIFESCIENCES CORP COM 457985109 12327 2777959 SH SOLE 2777959 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 21744 2304000 SH SOLE 2304000 0 0
INTEGRATED PROCESS EQUIP CORP COM 45812K108 7560 480000 SH SOLE 480000 0 0
INTEGRATED SILICON SOLUTION COM 45812P107 3117 408800 SH SOLE 408800 0 0
INTEL CORP COM 458140100 19389 276000 SH SOLE 276000 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 72134 2856800 SH SOLE 2856800 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 29413 2490000 SH SOLE 2490000 0 0
INTERNATIONAL TECHNOLOGY CORP COM NEW 460465404 6660 887950 SH SOLE 887950 0 0
INTERNEURON PHARMACEUTICALS COM 460573108 8997 947000 SH SOLE 947000 0 0
INTERSOLV INC COM 46070J106 17213 850000 SH SOLE 850000 0 0
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INTIMATE BRANDS INC CL A 461156101 15039 625000 SH SOLE 625000 0 0
INTUIT COM 461202103 5156 125000 SH SOLE 125000 0 0
IOMEGA CORP COM 462030107 6468 520000 SH SOLE 520000 0 0
ISIS PHARMACEUTICALS INC COM 464330109 7942 645000 SH SOLE 645000 0 0
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ISPAT INTL N V CL A 464899103 4325 200000 SH SOLE 200000 0 0
JLG INDS INC COM 466210101 7246 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 15937 1992175 SH SOLE 1992175 0 0
JOHNSON CTLS INC COM 478366107 14325 300000 SH SOLE 300000 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
JONES APPAREL GROUP INC COM 480074103 12040 280000 SH SOLE 280000 0 0
JUNO LTG INC COM 482047107 8523 487000 SH SOLE 487000 0 0
JUST FOR FEET INC COM 48213P106 23258 1772000 SH SOLE 1772000 0 0
KLA-TENCORP CORP COM 482480100 1931 50000 SH SOLE 50000 0 0
K MART CORP COM 482584109 9200 800000 SH SOLE 800000 0 0
KVH INDS INC COM 482738101 2531 500000 SH SOLE 500000 0 0
KANEB SERVICES INC COM 484170105 510 98300 SH SOLE 98300 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 19050 600000 SH SOLE 600000 0 0
KELLOGG CO COM 487836108 14987 302000 SH SOLE 302000 0 0
KENT ELECTRS CORP COM 490553104 4397 175000 SH SOLE 175000 0 0
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KEYSPAN ENERGY CORP COM 493375109 9579 260200 SH SOLE 260200 0 0
KIMBERLY CLARK CORP COM 494368103 11194 227000 SH SOLE 227000 0 0
KMART FING I PFD TRCV 7.75% 498778208 7744 150000 SH SOLE 150000 0 0
KOMAG INC COM 500453105 6024 405000 SH SOLE 405000 0 0
KROGER CO COM 501044101 3675 100000 SH SOLE 100000 0 0
KULICKE & SOFFA INDS INC COM 501242101 4656 250000 SH SOLE 250000 0 0
LCI INTL INC COM 501813109 12300 400000 SH SOLE 400000 0 0
LTV CORP NEW COM 501921100 20602 2086300 SH SOLE 2086300 0 0
LSI INDS INC COM 50216C108 15664 858300 SH SOLE 858300 0 0
LSI LOGIC CORP COM 502161102 15700 800000 SH SOLE 800000 0 0
LTX CORP COM 502392103 14802 3335700 SH SOLE 3335700 0 0
LA JOLLA PHARMACEUTICAL CO COM 503459109 6756 1522500 SH SOLE 1522500 0 0
LA QUINTA INNS INC COM 504195108 16898 875000 SH SOLE 875000 0 0
LADY LUCK GAMING CORP COM 505820100 2505 2505000 SH SOLE 2505000 0 0
LAIDLAW ENVIRONMENTAL SVCS INC COM 50730L105 29088 5966800 SH SOLE 5966800 0 0
LANVISION SYS INC COM 516555109 75 16666 SH SOLE 16666 0 0
LARSCOM INC CL A 51729Y108 1568 165000 SH SOLE 165000 0 0
LAWTER INTL INC COM 520786104 5575 512600 SH SOLE 512600 0 0
LAYNE CHRISTENSEN CO COM 521050104 12025 925000 SH SOLE 925000 0 0
LECROY CORP COM 52324W109 9211 304500 SH SOLE 304500 0 0
LEHMAN BROS HLDGS INC COM 524908100 6375 125000 SH SOLE 125000 0 0
LIFE TECHNOLOGIES INC COM 532177201 51521 1549500 SH SOLE 1549500 0 0
LIGAND PHARMACEUTICALS INC CL B 53220K207 11881 922800 SH SOLE 922800 0 0
LILLY ELI & CO COM 532457108 12184 175000 SH SOLE 175000 0 0
LINCARE HLDGS INC COM 532791100 11400 200000 SH SOLE 200000 0 0
LINCOLN NATL CORP IND COM 534187109 35156 450000 SH SOLE 450000 0 0
LOWES COS INC COM 548661107 17158 359800 SH SOLE 359800 0 0
LUCASVARITY PLC SPONSORED ADR 549395101 10463 300000 SH SOLE 300000 0 0
LUCENT TECHNOLOGIES INC COM 549463107 2077 26000 SH SOLE 26000 0 0
LUNAR CORP COM 550362107 1025 50000 SH SOLE 50000 0 0
MEMC ELECTR MATLS INC COM 552715104 44454 2915000 SH SOLE 2915000 0 0
MTS SYS CORP COM 553777103 15000 400000 SH SOLE 400000 0 0
MADERAS Y SINTETICOS SOCIEDAD SPONSORED ADR 556465102 1368 144000 SH SOLE 144000 0 0
MAGAININ PHARMACEUTICALS INC COM 559036108 5711 708400 SH SOLE 708400 0 0
MAGNA INTL INC SUB DEB CV 5%0 559222AE4 9420 8000000 SH SOLE 8000000 0 0
MANITOWOC INC COM 563571108 2899 89200 SH SOLE 89200 0 0
MARQUETTE MED SYS INC COM 571490101 23903 897750 SH SOLE 897750 0 0
MARTEK BIOSCIENCES CORP COM 572901106 10799 1309000 SH SOLE 1309000 0 0
MASCO CORP COM 574599106 25438 500000 SH SOLE 500000 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
MATRIA HEALTHCARE INC COM 576817100 7161 1273000 SH SOLE 1273000 0 0
MATRIX PHARMACEUTICAL INC COM 576844104 7098 2065000 SH SOLE 2065000 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 6900 200000 SH SOLE 200000 0 0
MCDONALDS CORP COM 580135101 9550 200000 SH SOLE 200000 0 0
MEAD CORP COM 582834107 61214 2186200 SH SOLE 2186200 0 0
MEDCO RESH INC COM 584059109 14000 1000000 SH SOLE 1000000 0 0
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MEDTRONIC INC COM 585055106 7875 150000 SH SOLE 150000 0 0
MENTOR GRAPHICS CORP COM 587200106 61372 6335200 SH SOLE 6335200 0 0
MERCK & CO INC COM 589331107 18683 176250 SH SOLE 176250 0 0
MESA AIR GROUP INC COM 590479101 13637 2762000 SH SOLE 2762000 0 0
METATEC CORP COM 591398102 1204 253500 SH SOLE 253500 0 0
METHODE ELECTRS INC CL A 591520200 813 50000 SH SOLE 50000 0 0
METRA BIOSYSTEMS INC COM 591591102 4241 1170000 SH SOLE 1170000 0 0
METRO GOLDWYN MAYER INC COM 591610100 31040 1552000 SH SOLE 1552000 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 6779 393000 SH SOLE 393000 0 0
MICHAEL FOOD INC NEW COM 594079105 4875 200000 SH SOLE 200000 0 0
MICROS SYS INC COM 594901100 6341 140900 SH SOLE 140900 0 0
MICROSOFT CORP COM 594918104 16893 130700 SH SOLE 130700 0 0
MICROCIDE PHARMACEUTICALS INC COM 595018102 444 50000 SH SOLE 50000 0 0
MICRODYNE CORP COM 595067109 5820 970000 SH SOLE 970000 0 0
MICRON TECHNOLOGY INC COM 595112103 10375 400000 SH SOLE 400000 0 0
MICROTOUCH SYS INC COM 595145103 7088 450000 SH SOLE 450000 0 0
MICROWAVE PWR DEVICES INC DEL COM 59517M103 525 75000 SH SOLE 75000 0 0
MIDCOAST ENERGY RES INC COM 59563W104 6160 285700 SH SOLE 285700 0 0
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MIDWAY AIRLS CORP COM 598126100 756 50000 SH SOLE 50000 0 0
MILLER INDS INC TENN COM 600551105 6449 593000 SH SOLE 593000 0 0
MINNESOTA MNG & MFG CO COM 604059105 12391 151000 SH SOLE 151000 0 0
MIRAGE RESORTS INC COM 60462E104 11375 500000 SH SOLE 500000 0 0
MISSISSIPPI CHEM CORP COM NEW 605288208 3997 219000 SH SOLE 219000 0 0
MOBIL CORP COM 607059102 19924 276000 SH SOLE 276000 0 0
MODINE MFG CO COM 607828100 6805 199400 SH SOLE 199400 0 0
MOLECULAR BIOSYSTEMS INC COM 608513107 15001 1764800 SH SOLE 1764800 0 0
MONARCH DENTAL CORP COM 609044102 1988 150000 SH SOLE 150000 0 0
MONSANTO CO COM 611662107 12642 301000 SH SOLE 301000 0 0
MORGAN STANLEY RUSSIA&NEW EURO COM 616911103 4037 169100 SH SOLE 169100 0 0
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<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
NATIONAL SVC INDS INC COM 637657107 17317 349400 SH SOLE 349400 0 0
NATIONAL TECHTEAM INC COM 638108100 1196 132900 SH SOLE 132900 0 0
NATIONSBANK CORP COM 638585109 15264 251000 SH SOLE 251000 0 0
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<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
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PHARMACIA & UPJOHN INC COM 716941109 67756 1850000 SH SOLE 1850000 0 0
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RCM TECHNOLOGIES INC COM NEW 749360400 1870 110000 SH SOLE 110000 0 0
RDO EQUIPMENT CO CL A 749413100 7770 424300 SH SOLE 424300 0 0
RF MICRODEVICES INC COM 749941100 2918 237000 SH SOLE 237000 0 0
RAILTEX INC COM 750766107 12861 898600 SH SOLE 898600 0 0
RAMCO SPONSORED ADR 75144Q101 1930 145000 SH SOLE 145000 0 0
RASTER GRAPHICS INC COM 753907104 4001 865000 SH SOLE 865000 0 0
RAYOVAC CORP COM 755081106 23389 1215000 SH SOLE 1215000 0 0
RAYTEL MED CORP COM 755107109 6568 565000 SH SOLE 565000 0 0
READ-RITE CORP COM 755246105 6930 440000 SH SOLE 440000 0 0
READERS DIGEST ASSN INC CL A NON VTG 755267101 3544 150000 SH SOLE 150000 0 0
READING & BATES CORP COM NEW 755281805 4188 100000 SH SOLE 100000 0 0
REGAL BELOIT CORP COM 758750103 16259 550000 SH SOLE 550000 0 0
REGIONS FINL CORP COM 758940100 3173 75200 SH SOLE 75200 0 0
REMEC INC COM 759543101 4500 200000 SH SOLE 200000 0 0
RIBOZYME PHARMACEUTICALS INC COM 762567105 2800 350000 SH SOLE 350000 0 0
RIGHT MGMT CONSULTANTS INC COM 766573109 1403 110000 SH SOLE 110000 0 0
RITE AID CORP COM 767754104 25263 430000 SH SOLE 430000 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
ROCK-TENN CO CL A 772739207 4100 200000 SH SOLE 200000 0 0
ROCKWELL INTL CORP NEW COM 773903109 27233 521200 SH SOLE 521200 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 3258 668300 SH SOLE 668300 0 0
RUBBERMAID INC COM 781088109 10625 425000 SH SOLE 425000 0 0
RURAL CELLULAR CORP CL A 781904107 1568 120000 SH SOLE 120000 0 0
RYDER SYS INC COM 783549108 13100 400000 SH SOLE 400000 0 0
SLM HLDG CORP COM 78442A109 22469 161500 SH SOLE 161500 0 0
S3 INC COM 784849101 19058 3811500 SH SOLE 3811500 0 0
SYNC RESH INC COM 785065103 89 25000 SH SOLE 25000 0 0
SAATCHI & SAATCHI PLC NEW SPONSORED ADR 785144205 39134 4378626 SH SOLE 4378626 0 0
SAFECO CORP COM 786429100 19500 400000 SH SOLE 400000 0 0
ST PAUL COS INC COM 792860108 17890 218000 SH SOLE 218000 0 0
SANO CORP COM 80105E105 663 20000 SH SOLE 20000 0 0
SCHULER HOMES INC COM 808188106 9785 1520000 SH SOLE 1520000 0 0
SCHULMAN A INC COM 808194104 14005 557400 SH SOLE 557400 0 0
SCIENTIFIC GAMES HLDGS CORP COM 808747109 22680 1120000 SH SOLE 1120000 0 0
SCIOS INC COM 808905103 17000 1700000 SH SOLE 1700000 0 0
SEAGRAM LTD COM 811850106 3974 123000 SH SOLE 123000 0 0
SECURITY CAP GROUP INC CL B 81413P204 2167 66667 SH SOLE 66667 0 0
SENSORMATIC ELECTRS CORP COM 817265101 72318 4399547 SH SOLE 4399547 0 0
SHAMAN PHARMACEUTICALS INC COM 819319104 6369 1290000 SH SOLE 1290000 0 0
SHAW INDS INC COM 820286102 18600 1600000 SH SOLE 1600000 0 0
SHIVA CORP COM 824851109 7621 890000 SH SOLE 890000 0 0
SIBIA NEUROSCIENCES INC COM 825732100 3135 482300 SH SOLE 482300 0 0
SILICON GAMING INC COM 827054107 3392 325000 SH SOLE 325000 0 0
SITEL CORP COM 82980K107 25441 2788000 SH SOLE 2788000 0 0
SMITH INTL INC COM 832110100 8593 140000 SH SOLE 140000 0 0
SNAP ON INC COM 833034101 19806 454000 SH SOLE 454000 0 0
SODAK GAMING INC COM 833777105 14121 2215000 SH SOLE 2215000 0 0
SOMNUS MED TECHNOLOGIES INC COM 835397100 1721 135000 SH SOLE 135000 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 3850 400000 SH SOLE 400000 0 0
SOTHEBYS HLDGS INC CL A 835898107 16753 893500 SH SOLE 893500 0 0
SOUTHTRUST CORP COM 844730101 25375 400000 SH SOLE 400000 0 0
SOUTHWEST AIRLS CO COM 844741108 18996 771400 SH SOLE 771400 0 0
SPACEHAB INC COM 846243103 11228 1063000 SH SOLE 1063000 0 0
SPECIAL METALS CORP COM 84741Y103 1350 75000 SH SOLE 75000 0 0
SPECTRIAN CORP COM 847608106 4268 221700 SH SOLE 221700 0 0
STAFF LEASING INC COM 852381102 2359 125000 SH SOLE 125000 0 0
STARTER CORP COM 855684106 3835 1252200 SH SOLE 1252200 0 0
STATE STR CORP COM 857477103 9153 157300 SH SOLE 157300 0 0
STERIGENICS INTL INC COM 85915R105 3325 175000 SH SOLE 175000 0 0
STERIS CORP COM 859152100 33075 685500 SH SOLE 685500 0 0
STERLING SOFTWARE INC COM 859547101 13788 336300 SH SOLE 336300 0 0
STEWART & STEVENSON SVCS INC COM 860342104 28639 1123100 SH SOLE 1123100 0 0
STOKELY USA INC COM 861502102 409 485000 SH SOLE 485000 0 0
STONE CONTAINER CORP COM 861589109 11936 1097600 SH SOLE 1097600 0 0
STORM TECHNOLOGY INC COM 862219102 2413 965000 SH SOLE 965000 0 0
STORMEDIA INC CL A 862221108 2926 1337500 SH SOLE 1337500 0 0
STRATTEC SEC CORP COM 863111100 11235 440600 SH SOLE 440600 0 0
STRUCTURAL DYNAMICS RESH CORP COM 863555108 74250 3300000 SH SOLE 3300000 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
SUCCESSORIES INC COM 864591102 3263 427900 SH SOLE 427900 0 0
SUMMA FOUR INC COM 865628101 5921 563900 SH SOLE 563900 0 0
SUMMIT BANCORP COM 866005101 28640 541650 SH SOLE 541650 0 0
SUN INC COM 866762107 10936 260000 SH SOLE 260000 0 0
SUNAMERICA INC COM 866930100 17057 399000 SH SOLE 399000 0 0
SUNBEAM CORP COM 867071102 8150 192900 SH SOLE 192900 0 0
SUNCOR ENERGY INC COM 867229106 9419 276000 SH SOLE 276000 0 0
SUNDSTRAND CORP COM 867323107 10075 200000 SH SOLE 200000 0 0
SUNRISE MED INC COM 867910101 19238 1246200 SH SOLE 1246200 0 0
SYMANTEC CORP COM 871503108 3291 150000 SH SOLE 150000 0 0
SYNAPTIC PHARMACEUTICAL CORP COM 87156R109 5220 480000 SH SOLE 480000 0 0
SYNOPSYS INC COM 871607107 7150 200000 SH SOLE 200000 0 0
TB WOODS CORP COM 872226105 6906 325000 SH SOLE 325000 0 0
TCBY ENTERPRISES INC COM 872245105 2115 279700 SH SOLE 279700 0 0
TCF FINL CORP COM 872275102 6788 200000 SH SOLE 200000 0 0
TCSI CORP COM 87233R106 5888 736000 SH SOLE 736000 0 0
TRC COS INC COM 872625108 2826 664900 SH SOLE 664900 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 6002 330000 SH SOLE 330000 0 0
TALISMAN ENERGY INC COM 87425E103 5468 180000 SH SOLE 180000 0 0
TARGETED GENETICS CORP COM 87612M108 4364 1662500 SH SOLE 1662500 0 0
TELCO SYS INC COM 878904101 727 75000 SH SOLE 75000 0 0
TEJON RANCH CO DEL COM 879080109 24303 999600 SH SOLE 999600 0 0
TELE DANMARK A/S SPNSR ADR CL B 879242105 8628 280000 SH SOLE 280000 0 0
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287100 9664 83000 SH SOLE 83000 0 0
TELEFONICA DE ARGENTINA S A SPNSR ADR CL B 879378206 7931 212900 SH SOLE 212900 0 0
TELEFONICA DEL PERU S A SPONS ADR CL B 879384105 2798 120000 SH SOLE 120000 0 0
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 13662 243700 SH SOLE 243700 0 0
TELEGROUP INC COM 879422103 6313 500000 SH SOLE 500000 0 0
TELTREND INC COM 87969R106 10395 607000 SH SOLE 607000 0 0
TEMPLE INLAND INC COM 879868107 30566 584300 SH SOLE 584300 0 0
TENET HEALTHCARE CORP COM 88033G100 10766 325000 SH SOLE 325000 0 0
TERADYNE INC COM 880770102 11520 360000 SH SOLE 360000 0 0
TEXACO INC COM 881694103 21750 400000 SH SOLE 400000 0 0
TEXAS UTILS CO COM 882848104 2569 61900 SH SOLE 61900 0 0
THERMO ELECTRON CORP COM 883556102 32032 728000 SH SOLE 728000 0 0
THOMAS & BETTS CORP COM 884315102 9450 200000 SH SOLE 200000 0 0
THORATEC LABS CORP COM NEW 885175307 10267 1549800 SH SOLE 1549800 0 0
TIME WARNER INC COM 887315109 18693 301500 SH SOLE 301500 0 0
TITAN CORP COM 888266103 6273 1003700 SH SOLE 1003700 0 0
TITAN INTL INC ILL COM 88830M102 10322 517700 SH SOLE 517700 0 0
TOSCO CORP COM NEW 891490302 7563 200000 SH SOLE 200000 0 0
TOWER REALTY TR INC COM 89185E109 7388 300000 SH SOLE 300000 0 0
TRANSPORTACION MARITIMA MEXICA ADR SER L SH 893868208 3833 519700 SH SOLE 519700 0 0
TRANSPORTACION MARITIMA MEXICA SPONS ADR A SH 893868307 2109 344300 SH SOLE 344300 0 0
TRANSPRO INC COM 893885103 5773 641400 SH SOLE 641400 0 0
TRAVELERS PPTY CAS CORP CL A 893939108 13200 300000 SH SOLE 300000 0 0
TRAVELERS GROUP INC COM 894190107 10102 187500 SH SOLE 187500 0 0
TRIDENT MICROSYSTEMS INC COM 895919108 1885 208000 SH SOLE 208000 0 0
TRIPOS INC COM 896928108 4071 278334 SH SOLE 278334 0 0
TUBOSCOPE INC COM 898600101 602 25000 SH SOLE 25000 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
TUPPERWARE CORP COM 899896104 11150 400000 SH SOLE 400000 0 0
TV AZTECA S A DE C V SPONSORED ADR 901145102 1489 66000 SH SOLE 66000 0 0
TYSON FOODS INC CL A 902494103 23616 1152000 SH SOLE 1152000 0 0
USX MARATHON GROUP COM NEW 902905827 15188 450000 SH SOLE 450000 0 0
USA WASTE SVCS INC COM 902917103 5888 150000 SH SOLE 150000 0 0
US BANCORP DEL COM 902973106 40247 359550 SH SOLE 359550 0 0
USF&G CORP COM 903290104 17429 790000 SH SOLE 790000 0 0
ULTRALIFE BATTERIES INC COM 903899102 7973 469000 SH SOLE 469000 0 0
ULTRATECH STEPPER INC COM 904034105 13018 655000 SH SOLE 655000 0 0
UNIFI INC COM 904677101 16841 413900 SH SOLE 413900 0 0
UNILEVER N V NEW YORK SHS 904784501 12488 200000 SH SOLE 200000 0 0
UNION CARBIDE CORP COM 905581104 12894 300300 SH SOLE 300300 0 0
UNION PAC RES GROUP INC COM 907834105 24250 1000000 SH SOLE 1000000 0 0
UNION PLANTERS CORP COM 908068109 20213 297800 SH SOLE 297800 0 0
UNISYS CORP COM 909214108 20119 1450000 SH SOLE 1450000 0 0
UNITED HEALTHCARE CORP COM 910581107 2484 50000 SH SOLE 50000 0 0
U S BIOSCIENCE INC COM PAR $0.01 911646206 18132 2000750 SH SOLE 2000750 0 0
UNITED STATES FILTER CORP NEW COM NEW 911843209 2994 100000 SH SOLE 100000 0 0
U S INDS INC NEW COM 912080108 10544 350000 SH SOLE 350000 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 3654 252000 SH SOLE 252000 0 0
UROLOGIX INC COM 917273104 2719 150000 SH SOLE 150000 0 0
UROMED CORP COM 917274102 4700 1331000 SH SOLE 1331000 0 0
V F CORP COM 918204108 24459 526000 SH SOLE 526000 0 0
VWR SCIENTIFIC PRODS CORP COM 918435108 1554 55000 SH SOLE 55000 0 0
VAIL RESORTS INC COM 91879Q109 10375 400000 SH SOLE 400000 0 0
VENCOR INC COM 922602107 17106 700000 SH SOLE 700000 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 469 14200 SH SOLE 14200 0 0
VIACOM INC CL B 925524308 6216 150000 SH SOLE 150000 0 0
VICAL INC COM 925602104 17203 1433600 SH SOLE 1433600 0 0
VIDEONICS INC COM 92657Q105 2207 535000 SH SOLE 535000 0 0
VIDEOSERVER INC COM 926918103 19129 1205000 SH SOLE 1205000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 9896 420000 SH SOLE 420000 0 0
VISTA MED TECHNOLOGIES INC COM 928369107 4146 335000 SH SOLE 335000 0 0
VMARK SOFTWARE INC COM 928561109 4800 600000 SH SOLE 600000 0 0
WEBS INDEX FD INC CANADA WEBS 92923H400 11981 900000 SH SOLE 900000 0 0
WABASH NATL CORP COM 929566107 29148 1025000 SH SOLE 1025000 0 0
WALL DATA INC COM 932045107 11786 865000 SH SOLE 865000 0 0
WALSH INTL INC COM 933131104 9062 863000 SH SOLE 863000 0 0
WANG LABS INC NEW COM 93369N109 49936 2257000 SH SOLE 2257000 0 0
WARNACO GROUP INC CL A 934390105 14903 475000 SH SOLE 475000 0 0
WARNER CHILCOTT PLC SPONSORED ADR 934435207 8477 685000 SH SOLE 685000 0 0
WASHINGTON GAS LT CO COM 938837101 6188 200000 SH SOLE 200000 0 0
WASHINGTON MUT INC COM 939322103 22973 360000 SH SOLE 360000 0 0
WASTE MGMT INTL PLC SPONSORED ADR 940906100 16121 2579300 SH SOLE 2579300 0 0
WASTE MGMT INC NEW COM 94106K101 41187 1497700 SH SOLE 1497700 0 0
WATERLINK INC COM 94155N105 5198 315000 SH SOLE 315000 0 0
WATSON PHARMACEUTICALS INC COM 942683103 6812 210000 SH SOLE 210000 0 0
WELLMAN INC COM 949702104 8958 459400 SH SOLE 459400 0 0
WENDYS INTL INC COM 950590109 19250 800000 SH SOLE 800000 0 0
WESCAST INDS INC CL A SUB VTG 950813105 5340 205400 SH SOLE 205400 0 0
<PAGE> PAGE 17
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
WEST MARINE INC COM 954235107 263 11736 SH SOLE 11736 0 0
WEST TELESERVICES CORP COM 956188106 2880 240000 SH SOLE 240000 0 0
WESTELL TECHNOLOGIES INC CL A 957541105 714 56000 SH SOLE 56000 0 0
WESTERN DIGITAL CORP COM 958102105 3200 200000 SH SOLE 200000 0 0
WESTVACO CORP COM 961548104 15448 491400 SH SOLE 491400 0 0
WEYERHAEUSER CO COM 962166104 12266 250000 SH SOLE 250000 0 0
WILLIAMS COS INC DEL COM 969457100 34200 1200000 SH SOLE 1200000 0 0
WISCONSIN CENT TRANSN CORP COM 976592105 35792 1531200 SH SOLE 1531200 0 0
WITCO CORP COM 977385103 8163 200000 SH SOLE 200000 0 0
WOOLWORTH CORP COM 980883102 509 25000 SH SOLE 25000 0 0
XCELLENET INC COM 98388R106 8613 656200 SH SOLE 656200 0 0
XILINX INC COM 983919101 17872 509726 SH SOLE 509726 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 1265 37000 SH SOLE 37000 0 0
REPORT SUMMARY 763 DATA RECORDS 10126898 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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