UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment: [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: NCM CAPITAL MANAGEMENT GROUP INC.
Address: 103 West Main St.
4th Floor
Durham, N.C. 27701
Form 13F File Number: 28-2553
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true correct and complete, and
that it is understood that all required items statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Edith Noel
Title: Corporate Secretary
Phone: 919-688-0620
Signature, Place, and Date of Signing:
Edith Noel Durham, N.C. 10/10/00
------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 235
Form 13F Information Table Value Total: $2,864,244,544
List of Other Included Managers: NONE
<TABLE> <C> <C>
ISSUER TITLE OF CUSIP MKT SHARES/ INVSMNT DSCRTN OTHER VOTING AUTH
NAME CLASS NUMBER VAL PRINC AMT SOLE(A) SHARED MNGRS SOLE SHRD NONE
ALCOA INC Common Stock 13817101 3189375 126000 0 126000 ALL 126000 0 0
APPLE COMPUTER INC Common Stock 37833100 406850 15800 15800 0 ALL 15800 0 0
AMERISOURCE HEALTH CORP Common Stock 03071P102 1943450 41350 41350 0 ALL 41350 0 0
ACT MFG INC Common Stock 973107 3320612.5 62950 62950 0 ALL 62950 0 0
ADOBE SYS INC Common Stock 00724F101 4657500 30000 30000 0 ALL 30000 0 0
A D C TELECOMMUNICATION Common Stock 886101 27659051.5 1028576 974576 54000 ALL 1028576 0 0
AES CORP Common Stock 00130H105 51730926 755196 738700 16496 ALL 755196 0 0
ADVANCED FIBRE COMMUNIC Common Stock 00754A105 503737.5 13300 13300 0 ALL 13300 0 0
AFLAC INC Common Stock 1055102 16239715.63 253498 253498 0 ALL 253498 0 0
ALLERGAN INC Common Stock 18490102 3594926.56 42575 42575 0 ALL 42575 0 0
AMERICAN HOME PRODS COR Common Stock 26609107 16881021.56 298449 73449 225000 ALL 298449 0 0
AMERICAN INTL GROUP INC Common Stock 26874107 36556643.88 382042 245542 136500 ALL 382042 0 0
ALPHARMA INC Common Stock 20813101 5568487.5 91100 91100 0 ALL 91100 0 0
ALTERA CORP Common Stock 21441100 8595000 180000 180000 0 ALL 180000 0 0
APPLIED MATLS INC Common Stock 38222105 26924909.38 453950 351950 102000 ALL 453950 0 0
APPLIED MICRO CIRCUITS Common Stock 03822W109 15234623.44 73575 73575 0 ALL 73575 0 0
AMGEN INC Common Stock 31162100 26348805.03 377338 377338 0 ALL 377338 0 0
AMERICA ONLINE INC DEL Common Stock 02364J104 29110570 541592 541592 0 ALL 541592 0 0
ANADARKO PETE CORP Common Stock 32511107 22912085 344750 344750 0 ALL 344750 0 0
AMERICAN PWR CONVERSION Common Stock 29066107 21949600.04 1143953 1043253 100700 ALL 1143953 0 0
APW LTD Common Stock G04397108 1684312.5 34550 34550 0 ALL 34550 0 0
ARIBA INC Common Stock 04033V104 2421189.06 16900 16900 0 ALL 16900 0 0
ALLTEL CORP Common Stock 20039103 7768109.38 148850 148850 0 ALL 148850 0 0
APPLIED PWR INC Common Stock 38225108 15821.88 4150 4150 0 ALL 4150 0 0
AUTOMATIC DATA PROCESSI Common Stock 53015103 8479482.5 126796 111096 15700 ALL 126796 0 0
AVAYA INC Common Stock 53499109 548902 23930 10847 13083 ALL 23930 0 0
AVNET INC Common Stock 53807103 132040.63 2350 2350 0 ALL 2350 0 0
ANIXTER INTL INC Common Stock 35290105 190800 5300 5300 0 ALL 5300 0 0
AXA FINL INC Common Stock 2451102 1031484.38 20250 20250 0 ALL 20250 0 0
AMERICAN EXPRESS CO Common Stock 25816109 10570500 174000 0 174000 ALL 174000 0 0
ALZA CORP DEL Common Stock 22615108 3555150 41100 41100 0 ALL 41100 0 0
BOEING CO Common Stock 97023105 10662750 169250 169250 0 ALL 169250 0 0
BANK OF AMERICA CORPORA Common Stock 60505104 6965875 1 33000 0 133000 ALL 133000 0 0
BB&T CORP Common Stock 54937107 7356525 244200 244200 0 ALL 244200 0 0
BLACK & DECKER CORP Common Stock 91797100 2393.13 070 70 0 ALL 70 0 0
FRANKLIN RES INC Common Stock 354613101 7252086.75 163225 163225 0 ALL 163225 0 0
BELLSOUTH CORP Common Stock 79860102 7251641.25 180165 180165 0 ALL 180165 0 0
BURLINGTON RES INC Common Stock 122014103 56284.38 1550 1550 0 ALL 1550 0 0
BROCADE COMMUNICATIONS Common Stock 111621108 17239800 73050 73050 0 ALL 73050 0 0
BROADWING INC Common Stock 111620100 94734.38 3525 3525 0 ALL 3525 0 0
ANHEUSER BUSCH COS INC Common Stock 35229103 11492075 271600 191600 80000 ALL 271600 0 0
BELDEN INC Common Stock 77459105 140109.38 5250 5250 0 ALL 5250 0 0
CITIGROUP INC Common Stock 172967101 26184523.12 484338 227217 257121 ALL 484338 0 0
CARDINAL HEALTH INC Common Stock 14149Y108 41478373.31 470343 459135 11208 ALL 470343 0 0
CARNIVAL CORP Common Stock 143658102 8150875 331000 331000 0 ALL 331000 0 0
CLEAR CHANNEL COMMUNICA Common Stock 184502102 8667100 153400 153400 0 ALL 153400 0 0
CONSTELLATION ENERGY CO Common Stock 210371100 256375 7000 7000 0 ALL 7000 0 0
CERIDIAN CORP Common Stock 15677T106 80600 3200 3200 0 ALL 3200 0 0
ATLAS AIR INC Common Stock 49164106 338000 8000 8000 0 ALL 8000 0 0
COASTAL CORP Common Stock 190441105 168512.5 2600 2600 0 ALL 2600 0 0
CHEVRON CORPORATION Common Stock 166751107 19650125 230500 167500 63000 ALL 230500 0 0
COLGATE PALMOLIVE CO Common Stock 194162103 8061760 170800 90800 80000 ALL 170800 0 0
CELESTICA INC Common Stock 15101Q108 22111525 319300 319300 0 ALL 319300 0 0
CLOROX CO DEL Common Stock 189054109 17457744.38 441270 269270 172000 ALL 441270 0 0
CHASE MANHATTAN CORP NE Common Stock 16161A108 11843444.94 256421 113921 142500 ALL 256421 0 0
CMS ENERGY CORP Common Stock 125896100 7272451.56 269975 269975 0 ALL 269975 0 0
COMVERSE TECHNOLOGY INC Common Stock 205862402 13024800 120600 120600 0 ALL 120600 0 0
CONOCO INC Common Stock 208251306 22446025.25 859178 797178 62000 ALL 859178 0 0
CAPITAL ONE FINL CORP Common Stock 14040H105 9318312.5 133000 133000 0 ALL 133000 0 0
CALPINE CORP Common Stock 131347106 26457496.88 253485 253485 0 ALL 253485 0 0
COMPAQ COMPUTER CORP Common Stock 204493100 8309440.3 301285 301285 0 ALL 301285 0 0
CREE INC Common Stock 225447101 12647186.25 108793 108793 0 ALL 108793 0 0
CISCO SYS INC Common Stock 17275R102 84167408 1523392 1134208 389184 ALL 1523392 0 0
CINTAS CORP Common Stock 172908105 810262.5 18600 18600 0 ALL 18600 0 0
CENTEX CORP Common Stock 152312104 8148506.25 253650 253650 0 ALL 253650 0 0
CVS CORP Common Stock 126650100 41511375.75 896332 708432 187900 ALL 896332 0 0
CYTEC INDS INC Common Stock 232820100 107000 3200 3200 0 ALL 3200 0 0
DELTA AIR LINES INC DEL Common Stock 247361108 84150 1650 1650 0 ALL 1650 0 0
DU PONT E I DE NEMOURS Common Stock 263534109 6685940.63 161350 161350 0 ALL 161350 0 0
DDI CORP Common Stock 233162106 548700 12400 12400 0 ALL 12400 0 0
DELL COMPUTER CORP Common Stock 247025109 11016762.88 357542 313242 44300 ALL 357542 0 0
DOLLAR GEN CORP Common Stock 256669102 25849554.75 1543257 1449701 93556 ALL 1543257 0 0
DANAHER CORP DEL Common Stock 235851102 24409489.25 490643 448743 41900 ALL 490643 0 0
DOVER CORP Common Stock 260003108 120575 2600 2600 0 ALL 2600 0 0
DUKE ENERGY CORP Common Stock 264399106 9989789.25 116499 36499 80000 ALL 116499 0 0
BRINKER INTL INC Common Stock 109641100 165375 5400 5400 0 ALL 5400 0 0
ECOLAB INC Common Stock 278865100 14158714.5 392616 368016 24600 ALL 392616 0 0
EQUIFAX INC Common Stock 294429105 8511576.56 315975 315975 0 ALL 315975 0 0
EDISON INTL Common Stock 281020107 7570017.19 391975 391975 0 ALL 391975 0 0
LAUDER ESTEE COS INC Common Stock 518439104 3014237.5 82300 82300 0 ALL 82300 0 0
ELAN PLC Common Stock 284131208 5384662.5 98350 98350 0 ALL 98350 0 0
E M C CORP MASS Common Stock 268648102 101902680.8 1028022 765822 262200 ALL 1028022 0 0
EMMIS COMMUNICATIONS CO Common Stock 291525103 119156.25 4100 4100 0 ALL 4100 0 0
EQUITY OFFICE PROPERTIE Common Stock 294741103 125818.75 4100 4100 0 ALL 4100 0 0
EL PASO ENERGY CORP DEL Common Stock 283905107 21846062.5 354500 354500 0 ALL 354500 0 0
ELECTRO SCIENTIFIC INDS Common Stock 285229100 2128575 60600 60600 0 ALL 60600 0 0
ENSCO INTL INC Common Stock 26874Q100 88593.75 2250 2250 0 ALL 2250 0 0
FIRST DATA CORP Common Stock 319963104 10207226.56 261305 160305 101000 ALL 261305 0 0
FAMILY DLR STORES INC Common Stock 307000109 7954100 413200 413200 0 ALL 413200 0 0
FEDEX CORP Common Stock 31428X106 11060613 249450 249450 0 ALL 249450 0 0
FEDERATED INVS INC PA Common Stock 314211103 251765.63 9825 9825 0 ALL 9825 0 0
FIFTH THIRD BANCORP Common Stock 316773100 16104584.38 298925 298925 0 ALL 298925 0 0
R & B FALCON CORP Common Stock 7.49E+105 76931.25 3300 3300 0 ALL 3300 0 0
FLEXTRONICS INTL LTD Common Stock Y2573F102 17392021.88 211775 211775 0 ALL 211775 0 0
FEDERAL NATL MTG ASSN Common Stock 313586109 33817355 472970 288970 184000 ALL 472970 0 0
FINISAR Common Stock 31787A101 5178543.75 107050 107050 0 ALL 107050 0 0
SPRINT CORP Common Stock 852061100 231568.75 7900 7900 0 ALL 7900 0 0
FEDERAL HOME LN MTG COR Common Stock 313400301 8328328.13 154050 154050 0 ALL 154050 0 0
FIRSTAR CORP NEW WIS Common Stock 33763V109 17896084.38 799825 799825 0 ALL 799825 0 0
FUSION CAPITAL LIMITED Common Stock 99KBRM900 1194192 24000000 240000000 ALL 240000000 0
GLOBAL CROSSING LTD Common Stock G3921A100 15400800 496800 496800 0 ALL 496800 0 0
GUIDANT CORP Common Stock 401698105 21934331.25 310300 310300 0 ALL 310300 0 0
GENERAL ELEC CO Common Stock 369604103 37199899.75 644852 464852 180000 ALL 644852 0 0
CORNING INC Common Stock 219350105 15079284 50772 50772 0 ALL 50772 0 0
GAP INC DEL Common Stock 364760108 2012.5 100 100 0 ALL 100 0 0
GOLDMAN SACHS GROUP INC Common Stock 38141G104 2369900 20800 20800 0 ALL 20800 0 0
HOME DEPOT INC Common Stock 437076102 26338580.06 496369 405369 91000 ALL 496369 0 0
HARLEY DAVIDSON INC Common Stock 412822108 6568450 137200 137200 0 ALL 137200 0 0
HOUSEHOLD INTL INC Common Stock 441815107 5828128.13 102925 102925 0 ALL 102925 0 0
HEALTH MGMT ASSOC INC N Common Stock 421933102 191200 12800 12800 0 ALL 12800 0 0
HEINZ H J CO Common Stock 423074103 2779.69 75 75 0 ALL 75 0 0
HOT TOPIC INC Common Stock 441339108 1591500 53050 53050 0 ALL 53050 0 0
INTERNATIONAL BUSINESS Common Stock 459200101 28575675 254006 191006 63000 ALL 254006 0 0
INTEGRATED DEVICE TECHN Common Stock 458118106 186000 2400 2400 0 ALL 2400 0 0
INVESTORS FINL SERVICES Common Stock 461915100 902687.5 14300 14300 0 ALL 14300 0 0
INRANGE TECHNOLOGIES CO Common Stock 45769V206 4241325 80025 80025 0 ALL 80025 0 0
INTEL CORP Common Stock 458140100 37291703.75 897244 699244 198000 ALL 897244 0 0
INTUIT Common Stock 461202103 1083000 19000 19000 0 ALL 19000 0 0
INTERPUBLIC GROUP COS I Common Stock 460690100 23535314.06 690945 525145 165800 ALL 690945 0 0
I2 TECHNOLOGIES INC Common Stock 465754109 14137248.44 75575 75575 0 ALL 75575 0 0
JDS UNIPHASE CORP Common Stock 46612J101 15626751.56 165035 165035 0 ALL 165035 0 0
JOHNSON & JOHNSON Common Stock 478160104 32476542.19 345725 286725 59000 ALL 345725 0 0
JUNIPER NETWORKS INC Common Stock 48203R104 19386915.63 88550 88550 0 ALL 88550 0 0
KAUFMAN & BROAD HOME CO Common Stock 486168107 932037.5 34600 34600 0 ALL 34600 0 0
KEMET CORP Common Stock 488360108 76875 3000 3000 0 ALL 3000 0 0
KIMBERLY CLARK CORP Common Stock 494368103 12430839.06 222725 128725 94000 ALL 222725 0 0
COCA COLA CO Common Stock 191216100 13872812.63 251661 38661 213000 ALL 251661 0 0
KROGER CO Common Stock 501044101 32407985.31 1436365 1368165 68200 ALL 1436365 0 0
LEHMAN BROS HLDGS INC Common Stock 524908100 169406.25 1300 1300 0 ALL 1300 0 0
LINEAR TECHNOLOGY CORP Common Stock 535678106 21893075.75 338117 338117 0 ALL 338117 0 0
AT&T CORP Common Stock 1957208 7091928 393996 393996 0 ALL 393996 0 0
LUCENT TECHNOLOGIES INC Common Stock 549463107 8776449.75 287164 130164 157000 ALL 287164 0 0
SOUTHWEST AIRLS CO Common Stock 844741108 2109192.25 86977 76177 10800 ALL 86977 0 0
MCDONALDS CORP Common Stock 580135101 4497937.5 149000 0 149000 ALL 149000 0 0
MEDTRONIC INC Common Stock 585055106 10015356.25 193300 193300 0 ALL 193300 0 0
MEDIMMUNE INC Common Stock 584699102 15927018.75 206175 206175 0 ALL 206175 0 0
MERRILL LYNCH & CO INC Common Stock 590188108 9636000 146000 0 146000 ALL 146000 0 0
MARSHALL & ILSLEY CORP Common Stock 571834100 206525 4400 4400 0 ALL 4400 0 0
MILLENNIUM PHARMACEUTIC Common Stock 599902103 2154421.88 14750 14750 0 ALL 14750 0 0
MARSH & MCLENNAN COS IN Common Stock 571748102 25078200.75 188913 122318 66595 ALL 188913 0 0
MOTOROLA INC Common Stock 620076109 18697827.5 661870 605070 56800 ALL 661870 0 0
MERCK & CO INC Common Stock 589331107 23911111.5 321224 233224 88000 ALL 321224 0 0
USX MARATHON GROUP Common Stock 902905827 9287846.88 327325 327325 0 ALL 327325 0 0
MICROSOFT CORP Common Stock 594918104 67853970.56 1125040 910716 214324 ALL 1125040 0 0
MACROVISION CORP Common Stock 555904101 2964600 36600 36600 0 ALL 36600 0 0
MORGAN STANLEY DEAN WIT Common Stock 617446448 1024100 11200 11200 0 ALL 11200 0 0
METRIS COS INC Common Stock 591598107 11245353.75 284693 284693 0 ALL 284693 0 0
NOBLE DRILLING CORP Common Stock 655042109 587925 11700 11700 0 ALL 11700 0 0
NOKIA CORP Common Stock 654902204 24602532.5 617960 527960 90000 ALL 617960 0 0
NORTEL NETWORKS CORP NE Common Stock 656568102 38659040.63 649050 604050 45000 ALL 649050 0 0
NETWORK APPLIANCE INC Common Stock 64120L104 16788025 131800 131800 0 ALL 131800 0 0
NEWELL RUBBERMAID INC Common Stock 651229106 2281.25 100 100 0 ALL 100 0 0
NEW YORK TIMES CO Common Stock 650111107 151640.63 3750 3750 0 ALL 3750 0 0
QUAKER OATS CO Common Stock 747402105 13506637.5 170700 170700 0 ALL 170700 0 0
OMNICOM GROUP INC Common Stock 681919106 9438112.5 129400 66400 63000 ALL 129400 0 0
ORACLE CORP Common Stock 68389X105 68476826.25 869547 611547 258000 ALL 869547 0 0
PAYCHEX INC Common Stock 704326107 7875 150 150 0 ALL 150 0 0
SPRINT CORP Common Stock 852061506 1092828 31168 31168 0 ALL 31168 0 0
PE CORP Common Stock 69332S102 9377434.5 80493 80493 0 ALL 80493 0 0
PFIZER INC Common Stock 717081103 84299180.86 1875921 1433148 442773 ALL 1875921 0 0
PROVIDENT FINL GROUP IN Common Stock 743866105 143343.75 5500 5500 0 ALL 5500 0 0
PHARMACIA CORP Common Stock 71713U102 12643407.56 210067 188367 21700 ALL 210067 0 0
PHONE COM INC Common Stock 71920Q100 9357018.75 82350 82350 0 ALL 82350 0 0
PERKINELMER INC Common Stock 714046109 5615375 53800 53800 0 ALL 53800 0 0
PROTECTIVE LIFE CORP Common Stock 743674103 160775 5900 5900 0 ALL 5900 0 0
PALL CORP Common Stock 696429307 77000 3500 3500 0 ALL 3500 0 0
PMC-SIERRA INC Common Stock 69344F106 2938162.5 13650 13650 0 ALL 13650 0 0
PINNACLE WEST CAP CORP Common Stock 723484101 1198106.25 23550 23550 0 ALL 23550 0 0
PROVIDIAN FINL CORP Common Stock 74406A102 41084373 323499 311099 12400 ALL 323499 0 0
PRAXAIR INC Common Stock 74005P104 3890737.5 104100 52100 52000 ALL 104100 0 0
PIONEER NAT RES CO Common Stock 723787107 2082725 146800 146800 0 ALL 146800 0 0
QUALCOMM INC Common Stock 747525103 9647250 135400 135400 0 ALL 135400 0 0
RATIONAL SOFTWARE CORP Common Stock 75409P202 14870531.25 214350 214350 0 ALL 214350 0 0
REDBACK NETWORKS INC Common Stock 757209101 3034000 18500 18500 0 ALL 18500 0 0
RENT A CTR INC NEW Common Stock 76009N100 1331132.81 38375 38375 0 ALL 38375 0 0
ROYAL CARIBBEAN CRUISES Common Stock V7780T103 1239381 48150 48150 0 ALL 48150 0 0
ROYAL DUTCH PETE CO Common Stock 780257804 659312.5 11000 11000 0 ALL 11000 0 0
ROBERT HALF INTL INC Common Stock 770323103 461343.75 13300 13300 0 ALL 13300 0 0
TRANSOCEAN SEDCO FOREX Common Stock G90078109 80718.75 1500 1500 0 ALL 1500 0 0
SANMINA CORP Common Stock 800907107 3471146.88 37075 37075 0 ALL 37075 0 0
SBC COMMUNICATIONS INC Common Stock 78387G103 28728050 574561 553361 21200 ALL 574561 0 0
SCHWAB CHARLES CORP NEW Common Stock 808513105 16473136 464032 464032 0 ALL 464032 0 0
SCI SYS INC Common Stock 783890106 169725 3100 3100 0 ALL 3100 0 0
SYCAMORE NETWORKS INC Common Stock 871206108 1768500 16375 16375 0 ALL 16375 0 0
SDL INC Common Stock 784076101 1778546.88 5750 5750 0 ALL 5750 0 0
SUNGARD DATA SYS INC Common Stock 867363103 543718.75 12700 12700 0 ALL 12700 0 0
SIEBEL SYS INC Common Stock 826170102 4001684.38 35950 35950 0 ALL 35950 0 0
SEALED AIR CORP NEW Common Stock 81211K100 597300 13200 13200 0 ALL 13200 0 0
SEI INVESTMENTS CO Common Stock 784117103 3289875 46500 46500 0 ALL 46500 0 0
GENERAL SEMICONDUCTOR I Common Stock 370787103 118250 8800 8800 0 ALL 8800 0 0
SCIENTIFIC ATLANTA INC Common Stock 808655104 3658819.25 57506 57506 0 ALL 57506 0 0
SCHERING PLOUGH CORP Common Stock 806605101 47622556.5 1024141 836641 187500 ALL 1024141 0 0
SCHLUMBERGER LTD Common Stock 806857108 6914250 84000 0 84000 ALL 84000 0 0
SOLECTRON CORP Common Stock 834182107 48913117.88 1060447 723447 337000 ALL 1060447 0 0
SANDISK CORP Common Stock 80004C101 493950 7400 7400 0 ALL 7400 0 0
SYNOVUS FINL CORP Common Stock 87161C105 6971746.88 329050 329050 0 ALL 329050 0 0
SOUTHERN ENERGY INC DEL Common Stock 842816100 705937.5 22500 22500 0 ALL 22500 0 0
SPX CORP Common Stock 784635104 159362.5 1100 1100 0 ALL 1100 0 0
STATE STR CORP Common Stock 857477103 17998890 138453 129153 9300 ALL 138453 0 0
SUNOCO INC Common Stock 86764P109 17541322.88 651186 603486 47700 ALL 651186 0 0
SUN MICROSYSTEMS INC Common Stock 866810104 97148025.25 832103 595803 236300 ALL 832103 0 0
STILWELL FINL INC Common Stock 860831106 13250100 304600 304600 0 ALL 304600 0 0
SAFEWAY INC Common Stock 786514208 27026319.94 578877 393877 185000 ALL 578877 0 0
TYCOM LTD Common Stock G9144B106 1880375 49000 49000 0 ALL 49000 0 0
TEVA PHARMACEUTICAL IND Common Stock 881624209 859953.13 11750 11750 0 ALL 11750 0 0
TARGET CORP Common Stock 8.76E+110 2229375 87000 87000 0 ALL 87000 0 0
TELLABS INC Common Stock 879664100 16464200 344800 344800 0 ALL 344800 0 0
TRUE NORTH COMMUNICATIO Common Stock 897844106 177012.5 3400 3400 0 ALL 3400 0 0
TOO INC Common Stock 890333107 2523437.5 106250 106250 0 ALL 106250 0 0
TOSCO CORP Common Stock 891490302 1466592.19 47025 47025 0 ALL 47025 0 0
PRICE T ROWE & ASSOCIAT Common Stock 741477103 8827770.31 188075 188075 0 ALL 188075 0 0
TIME WARNER TELECOM INC Common Stock 887319101 3944715.63 81650 81650 0 ALL 81650 0 0
TEXACO INC Common Stock 881694103 687750 13100 13100 0 ALL 13100 0 0
TRANSWITCH CORP Common Stock 894065101 4221843.75 66225 66225 0 ALL 66225 0 0
TEXAS INSTRS INC Common Stock 882508104 33564563.13 711302 516902 194400 ALL 711302 0 0
TEXTRON INC Common Stock 883203101 567337.5 12300 12300 0 ALL 12300 0 0
TYCO INTL LTD NEW Common Stock 902124106 53946057.5 1039924 810924 229000 ALL 1039924 0 0
UNOCAL CORP Common Stock 915289102 7253170.31 204675 204675 0 ALL 204675 0 0
ULTRAMAR DIAMOND SHAMRO Common Stock 904000106 392043.75 15450 15450 0 ALL 15450 0 0
UNUMPROVIDENT CORP Common Stock 91529Y106 7582993.75 278275 278275 0 ALL 278275 0 0
UNITED TECHNOLOGIES COR Common Stock 913017109 6814200 98400 98400 0 ALL 98400 0 0
VALASSIS COMMUNICATIONS Common Stock 918866104 235659.38 6650 6650 0 ALL 6650 0 0
VIACOM INC Common Stock 925524308 4513275 77150 22150 55000 ALL 77150 0 0
VODAFONE GROUP PLC NEW Common Stock 92857W100 16391185 443005 362005 81000 ALL 443005 0 0
VARCO INTL INC DEL Common Stock 922122106 501456.38 24094 24094 0 ALL 24094 0 0
VISHAY INTERTECHNOLOGY Common Stock 928298108 6681975.01 217300 217300 0 ALL 217300 0 0
VERIZON COMMUNICATIONS Common Stock 92343V104 33051037.5 682344 480844 201500 ALL 682344 0 0
WORLDCOM INC GA NEW Common Stock 98157D106 43727196.94 1439579 1181979 257600 ALL 1439579 0 0
WELLS FARGO & CO NEW Common Stock 949746101 13001874.38 283034 199034 84000 ALL 283034 0 0
WAL MART STORES INC Common Stock 931142103 19575036.25 406754 268754 138000 ALL 406754 0 0
WORTHINGTON INDS INC Common Stock 981811102 85775 7300 7300 0 ALL 7300 0 0
WATSON PHARMACEUTICALS Common Stock 942683103 189168.75 2950 2950 0 ALL 2950 0 0
EXXON MOBIL CORP Common Stock 30231G102 24736554.63 277549 148549 129000 ALL 277549 0 0
NEXTLINK COMMUNICATIONS Common Stock 65333H707 7950228.56 225939 225939 0 ALL 225939 0 0
DENTSPLY INTL INC NEW Common Stock 249030107 817537.5 23400 23400 0 ALL 23400 0 0
GRAND TOTAL (235 items) 2864244544 79629748 70773908 8855840 796297480 0
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