UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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. 4/03/00
- ------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 274
Form 13F Information Table Value Total: $2,744,476
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------------------- -------- --------- -------- ---------------------- -------- ------------ --------------------------
TITLE CUSIP VALUE SHARES / SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRINCIPAL AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------------- -------- --------- -------- ------------- --- ---- -------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADCT ADC TELECOMMUNICATIONS INC COMMON 000886101 32675 606493 SH SOLE AL 606493
ADCT ADC TELECOMMUNICATIONS INC COMMON 000886101 1196 22200 SH DEFINED AL 22200
AFL AFLAC IN COM COMMON 001055102 22537 494650 SH SOLE AL 494650
AES AES CORPORATION COMMON 00130H105 27317 346885 SH SOLE AL 346885
AES AES CORPORATION COMMON 00130H105 1130 14348 SH DEFINED AL 14348
T A T & T CORP COMMON 001957109 11396 202375 SH SOLE AL 202375
T A T & T CORP COMMON 001957109 6025 107000 SH DEFINED AL 107000
LMG/A LIBERTY MEDIA CLASS A COMMON 001957208 17018 286917 SH SOLE AL 286917
LMG/A LIBERTY MEDIA CLASS A COMMON 001957208 1655 27900 SH DEFINED AL 27900
AXF AXA FINANCIAL COMMON 002451102 9722 271000 SH SOLE AL 271000
ADLAC ADELPHIA COMMUNICATIONS-CL COMMON 006848105 9793 199850 SH SOLE AL 199850
AA ALCOA INC. COMMON 013817101 4426 63000 SH DEFINED AL 63000
AT ALLTEL CORP COMMON 020039103 15770 249325 SH SOLE AL 249325
AOL AMERICA ONLINE INC. COMMON 02364J104 16617 246400 SH SOLE AL 246400
AXP AMERICAN EXPRESS COMMON 025816109 23826 159975 SH SOLE AL 159975
AXP AMERICAN EXPRESS COMMON 025816109 8638 58000 SH DEFINED AL 58000
AHP AMERICAN HOME PROD COMMON 026609107 20356 378725 SH SOLE AL 378725
AHP AMERICAN HOME PROD COMMON 026609107 7471 139000 SH DEFINED AL 139000
AIG AMERICAN INTL GROUP COMMON 026874107 39937 364718 SH SOLE AL 364718
AIG AMERICAN INTL GROUP COMMON 026874107 9965 91000 SH DEFINED AL 91000
APCC AMERICAN POWER CONVERSION COMMON 029066107 12664 295380 SH SOLE AL 295380
APCC AMERICAN POWER CONVERSION COMMON 029066107 1346 31400 SH DEFINED AL 31400
AWK AMERICAN WATER WORKS INC COMMON 030411102 259 10900 SH SOLE AL 10900
AMGN AMGEN INC COMMON 031162100 22862 372500 SH SOLE AL 372500
AMKR AMKOR TECHNOLOGY INC COMMON 031652100 1352 25475 SH SOLE AL 25475
APC ANADARKO PETE COMMON 032511107 6708 173400 SH SOLE AL 173400
BUD ANHEUSER BUSCH COMMON 035229103 7265 116700 SH SOLE AL 116700
BUD ANHEUSER BUSCH COMMON 035229103 2490 40000 SH DEFINED AL 40000
AAPL APPLE COMPUTER INC COMMON 037833100 883 6500 SH SOLE AL 6500
AMAT APPLIED MATERIALS INC COMMON 038222105 23996 254600 SH SOLE AL 254600
APW APPLIED POWER INC-CL A COMMON 038225108 392 13750 SH SOLE AL 13750
AMCC APPLIED MICRO CIRCUITS COMMON 03822W109 902 6010 SH SOLE AL 6010
ARW ARROW ELECTRONICS COMMON 042735100 522 14800 SH SOLE AL 14800
CGO ATLAS AIR INC. COMMON 049164106 329 12000 SH SOLE AL 12000
AUD AUTOMATIC DATA PROCESSING COMMON 053015103 5660 117297 SH SOLE AL 117297
AUD AUTOMATIC DATA PROCESSING COMMON 053015103 1645 34100 SH DEFINED AL 34100
AVY AVERY-DENNISON COMMON 053611109 12017 196800 SH SOLE AL 196800
AVY AVERY-DENNISON COMMON 053611109 3358 55000 SH DEFINED AL 55000
AVT AVNET INC COMMON 053807103 265 4200 SH SOLE AL 4200
BCE BCE INCOPORATED COMMON 05534B109 15968 127300 SH SOLE AL 127300
BJ BJ'S WHOLESALE CLUB INC. COMMON 05548J106 249 6500 SH SOLE AL 6500
BHI BAKER HUGHES INC COMMON 057224107 12676 419040 SH SOLE AL 419040
BAC BANK OF AMERICA CORP. COMMON 060505104 5086 97000 SH DEFINED AL 97000
BOL BAUSCH & LOMB INC. COMMON 071707103 475 9100 SH SOLE AL 9100
BAX BAXTER INTERNATIONAL COMMON 071813109 6872 109625 SH SOLE AL 109625
BEL BELL ATLANTIC CORP COMMON 077853109 978 16000 SH SOLE AL 16000
BLS BELLSOUTH CORP COMMON 079860102 9125 194665 SH SOLE AL 194665
BMY BRISTOL MYERS SQUIBB CO COMMON 110122108 10765 185600 SH SOLE AL 185600
BMY BRISTOL MYERS SQUIBB CO COMMON 110122108 6786 117000 SH DEFINED AL 117000
BRW BROADWING INC. COMMON 111620100 5528 148650 SH SOLE AL 148650
CUBE C-CUBE MICROSYSTEMS INC. COMMON 125015107 7092 97400 SH SOLE AL 97400
CVS CVS CORP. COMMON 126650100 6773 180300 SH SOLE AL 180300
CVS CVS CORP. COMMON 126650100 3644 97000 SH DEFINED AL 97000
CPN CALPINE CORP. COMMON 131347106 11816 125700 SH SOLE AL 125700
COF CAPITAL ONE FINANCIAL CORP COMMON 14040H105 8926 186200 SH SOLE AL 186200
CAH CARDINAL HEALTH INC. COMMON 14149Y108 30252 659453 SH SOLE AL 659453
CAH CARDINAL HEALTH INC. COMMON 14149Y108 1533 33408 SH DEFINED AL 33408
CD CENDANT CORP. COMMON 151313103 4356 235450 SH SOLE AL 235450
CTL CENTURYTEL INC COMMON 156700106 11212 302010 SH SOLE AL 302010
CTL CENTURYTEL INC COMMON 156700106 1827 49200 SH DEFINED AL 49200
CMB CHASE MANHATTAN CORP. COMMON 16161A108 18365 210635 SH SOLE AL 210635
CMB CHASE MANHATTAN CORP. COMMON 16161A108 8283 95000 SH DEFINED AL 95000
CHV CHEVRON USA INC COMMON 166751107 5119 55375 SH SOLE AL 55375
CHV CHEVRON USA INC COMMON 166751107 3605 39000 SH DEFINED AL 39000
CSCO CISCO SYSTEMS INC. COMMON 17275R102 79159 1023882 SH SOLE AL 1023882
CSCO CISCO SYSTEMS INC. COMMON 17275R102 34766 449684 SH DEFINED AL 449684
C CITIGROUP INC. COMMON 172967101 23039 384791 SH SOLE AL 384791
C CITIGROUP INC. COMMON 172967101 11735 195992 SH DEFINED AL 195992
CZN CITIZENS UTILITIES CO-CL B COMMON 177342201 551 33650 SH SOLE AL 33650
CCU CLEAR CHANNEL COMM. COMMON 184502102 24713 357838 SH SOLE AL 357838
CCU CLEAR CHANNEL COMM. COMMON 184502102 1512 21900 SH DEFINED AL 21900
CLX CLOROX COMPANY COMMON 189054109 5743 174040 SH SOLE AL 174040
CLX CLOROX COMPANY COMMON 189054109 3234 98000 SH DEFINED AL 98000
CGP COASTAL CORP. COMMON 190441105 5007 108850 SH SOLE AL 108850
KO COCA-COLA COMPANY COMMON 191216100 1924 41000 SH SOLE AL 41000
KO COCA-COLA COMPANY COMMON 191216100 7651 163000 SH DEFINED AL 163000
CL COLGATE-PALMOLIVE CO COMMON 194162103 7323 129900 SH SOLE AL 129900
CL COLGATE-PALMOLIVE CO COMMON 194162103 4510 80000 SH DEFINED AL 80000
CDO COMDISCO INC COMMON 200336105 327 7400 SH SOLE AL 7400
CTV COMMSCOPE INC. COMMON 203372107 489 10700 SH SOLE AL 10700
CPQ COMPAQ COMPUTER COMMON 204493100 11538 427335 SH SOLE AL 427335
CBSI COMPLETE BUSINESS SOLUTION COMMON 20452F107 600 26825 SH SOLE AL 26825
CA COMPUTER ASSOC COMMON 204912109 11003 185900 SH SOLE AL 185900
CA COMPUTER ASSOC COMMON 204912109 6511 110000 SH DEFINED AL 110000
CPWR COMPUWARE COMMON 205638109 27998 1329278 SH SOLE AL 1329278
CPWR COMPUWARE COMMON 205638109 1719 81600 SH DEFINED AL 81600
CMVT COMVERSE TECHNOLOGY INC. COMMON 205862402 11397 60300 SH SOLE AL 60300
COC/A CONOCO INC.-CL A COMMON 208251306 16903 686420 SH SOLE AL 686420
COC/A CONOCO INC.-CL A COMMON 208251306 1349 54800 SH DEFINED AL 54800
GLW CORNING GLASS INC. COMMON 219350105 18459 95150 SH SOLE AL 95150
COST COSTCO WHOLESALE CORP. COMMON 22160K105 3259 62000 SH DEFINED AL 62000
CREE CREE INC. COMMON 225447101 15825 140200 SH SOLE AL 140200
CYT CYTEC INDUSTRIES INC COMMON 232820100 475 15500 SH SOLE AL 15500
DHR DANAHER CORP COMMON 235851102 7061 138444 SH SOLE AL 138444
DHR DANAHER CORP COMMON 235851102 2050 40200 SH DEFINED AL 40200
DELL DELL COMPUTER COMMON 247025109 10890 201900 SH SOLE AL 201900
DG DOLLAR GENERAL COMMON 256669102 12758 474720 SH SOLE AL 474720
DG DOLLAR GENERAL COMMON 256669102 2000 74425 SH DEFINED AL 74425
DOV DOVER CORP COMMON 260003108 220 4600 SH SOLE AL 4600
DOW DOW CHEMICAL CO COMMON 260543103 7569 66395 SH SOLE AL 66395
DD E. I. DUPONT COMMON 263534109 7660 144700 SH SOLE AL 144700
DUK DUKE POWER COMPANY COMMON 264399106 1218 23200 SH SOLE AL 23200
DUK DUKE POWER COMPANY COMMON 264399106 4620 88000 SH DEFINED AL 88000
EMC EMC CORP/MASS COMMON 268648102 46529 369275 SH SOLE AL 369275
EMC EMC CORP/MASS COMMON 268648102 16972 134700 SH DEFINED AL 134700
ESV ENSCO INTERNATIONAL INC. COMMON 26874Q100 974 26950 SH SOLE AL 26950
EGRP E* TRADE GROUP INC. COMMON 269246104 419 13900 SH SOLE AL 13900
ECL ECOLAB INC. COMMON 278865100 9313 253845 SH SOLE AL 253845
ECL ECOLAB INC. COMMON 278865100 1262 34400 SH DEFINED AL 34400
EPG EL PASO ENERGY CORPORATION COMMON 283905107 4780 118400 SH SOLE AL 118400
ELN ELAN CORP PLC-ADR COMMON 284131208 892 18775 SH SOLE AL 18775
ESIO ELECTRO SCIENTIFIC INDS COMMON 285229100 745 12850 SH SOLE AL 12850
EMMS EMMIS COMMUNICATIONS -CLA COMMON 291525103 1122 24125 SH SOLE AL 24125
XOM EXXON MOBIL CORPORATION COMMON 30231G102 12351 158475 SH SOLE AL 158475
XOM EXXON MOBIL CORPORATION COMMON 30231G102 10054 129000 SH DEFINED AL 129000
FNM FEDERAL NAT'L MTG ASSN COMMON 313586109 18316 323820 SH SOLE AL 323820
FNM FEDERAL NAT'L MTG ASSN COMMON 313586109 6957 123000 SH DEFINED AL 123000
FDX FEDEX CORPORATION COMMON 31428X106 8504 219100 SH SOLE AL 219100
FITB FIFTH THIRD BANCORP. COMMON 316773100 8247 130900 SH SOLE AL 130900
FDC FIRST DATA CORP COMMON 319963104 18499 416875 SH SOLE AL 416875
FDC FIRST DATA CORP COMMON 319963104 4482 101000 SH DEFINED AL 101000
FSR FIRSTAR CORPORATION COMMON 33763V109 4326 188600 SH SOLE AL 188600
BEN FRANKLIN RESOURCES INC. COMMON 354613101 16999 508375 SH SOLE AL 508375
GTE GTE COMMON 362320103 10666 150220 SH SOLE AL 150220
GTE GTE COMMON 362320103 8875 125000 SH DEFINED AL 125000
GPS GAP INC. COMMON 364760108 18167 364700 SH SOLE AL 364700
GPS GAP INC. COMMON 364760108 3910 78500 SH DEFINED AL 78500
GE GENERAL ELECTRIC CO COMMON 369604103 24760 159100 SH SOLE AL 159100
GE GENERAL ELECTRIC CO COMMON 369604103 17586 113000 SH DEFINED AL 113000
GM GENERAL MOTORS COMMON 370442105 8354 100875 SH SOLE AL 100875
GTS GLOBAL TELESYSTEMS GROUP COMMON 37936U104 325 15840 SH SOLE AL 15840
GDT GUIDANT CORP COMMON 401698105 20689 351400 SH SOLE AL 351400
GDT GUIDANT CORP COMMON 401698105 6888 117000 SH DEFINED AL 117000
HDC HADCO CORP COMMON 404681108 1384 21335 SH SOLE AL 21335
HAL HALLIBURTON CO COMMON 406216101 23139 562650 SH SOLE AL 562650
HRS HARRIS CORP COMMON 413875105 933 27000 SH SOLE AL 27000
HMA HEALTH MGMT ASSOCIATES INC COMMON 421933102 325 22800 SH SOLE AL 22800
HD HOME DEPOT INC COMMON 437076102 28899 448045 SH SOLE AL 448045
HD HOME DEPOT INC COMMON 437076102 9482 147000 SH DEFINED AL 147000
ICGX ICG COMMUNICATIONS INC. COMMON 449246107 220 6100 SH SOLE AL 6100
INDYY INDEPENDENT ENERGY HLDGS COMMON 45384X108 589 13125 SH SOLE AL 13125
IDTI INTEGRATED DEVICE TECH INC COMMON 458118106 717 18100 SH SOLE AL 18100
INTC INTEL CORP COMMON 458140100 32892 249300 SH SOLE AL 249300
INTC INTEL CORP COMMON 458140100 13062 99000 SH DEFINED AL 99000
IBM INTL BUS. MACHINES COMMON 459200101 46554 394525 SH SOLE AL 394525
IBM INTL BUS. MACHINES COMMON 459200101 14986 127000 SH DEFINED AL 127000
IP INTERNATIONAL PAPER COMMON 460146103 8889 207925 SH SOLE AL 207925
IPG INTERPUBLIC GROUP COS INC COMMON 460690100 7387 156338 SH SOLE AL 156338
IPG INTERPUBLIC GROUP COS INC COMMON 460690100 5084 107600 SH DEFINED AL 107600
JDSU JDS UNIPHASE CORP. COMMON 46612J101 15625 129600 SH SOLE AL 129600
JNJ JOHNSON & JOHNSON COMPANY COMMON 478160104 29637 421875 SH SOLE AL 421875
JNJ JOHNSON & JOHNSON COMPANY COMMON 478160104 6463 92000 SH DEFINED AL 92000
KSU KANSAS CITY SOUTHERN COMMON 485170104 13372 155600 SH SOLE AL 155600
KNT KENT ELECTRONICS CORP COMMON 490553104 568 19450 SH SOLE AL 19450
KMB KIMBERLY-CLARK CORP. COMMON 494368103 5270 94000 SH DEFINED AL 94000
EL ESTEE LAUDER COMPANIES COMMON 518439104 6708 134000 SH SOLE AL 134000
LEH LEHMAN BROTHERS HOLDINGS COMMON 524908100 310 3200 SH SOLE AL 3200
LXK LEXMARK INTL GROUP INC. CL COMMON 529771107 18411 174100 SH SOLE AL 174100
LLTC LINEAR TECHNOLOGY CORP COMMON 535678106 17666 321200 SH SOLE AL 321200
LPX LOUISIANA PACIFIC COMMON 546347105 157 11300 SH SOLE AL 11300
LOW LOWES COMPANIES INC COMMON 548661107 5230 89600 SH SOLE AL 89600
LU LUCENT TECHNOLGIES INC. COMMON 549463107 20213 330000 SH SOLE AL 330000
LU LUCENT TECHNOLGIES INC. COMMON 549463107 9616 157000 SH DEFINED AL 157000
WCOM MCI WORLDCOM INC. COMMON 55268B106 37141 819673 SH SOLE AL 819673
WCOM MCI WORLDCOM INC. COMMON 55268B106 14591 322000 SH DEFINED AL 322000
MMC MARSH & McLENNAN COMMON 571748102 37503 339974 SH SOLE AL 339974
MMC MARSH & McLENNAN COMMON 571748102 7479 67795 SH DEFINED AL 67795
MI MARSHALL & ILSLEY CORP. COMMON 571834100 243 4200 SH SOLE AL 4200
MCD MCDONALDS CORP COMMON 580135101 5569 149000 SH DEFINED AL 149000
MEDI MEDIMMUNE INC COMMON 584699102 9220 52950 SH SOLE AL 52950
MENT MENTOR GRAPHICS CORP COMMON 587200106 403 26650 SH SOLE AL 26650
MRK MERCK & COMPANY COMMON 589331107 28508 458874 SH SOLE AL 458874
MRK MERCK & COMPANY COMMON 589331107 5467 88000 SH DEFINED AL 88000
MER MERRILL LYNCH COMMON 59018810 10133 96500 SH SOLE AL 96500
MER MERRILL LYNCH COMMON 59018810 7665 73000 SH DEFINED AL 73000
MXT METRIS COMPANIES INC. COMMON 591598107 1124 28920 SH SOLE AL 28920
MSFT MICROSOFT CORP COMMON 594918104 58314 548835 SH SOLE AL 548835
MSFT MICROSOFT CORP COMMON 594918104 21391 201324 SH DEFINED AL 201324
MIL MILLIPORE CORP. COMMON 601073109 725 12850 SH SOLE AL 12850
MMM MINNESOTA MINING & MFG COMMON 604059105 15715 177450 SH SOLE AL 177450
MMM MINNESOTA MINING & MFG COMMON 604059105 6819 77000 SH DEFINED AL 77000
NFS NATIONWIDE FINANCIAL SRV COMMON 638612101 342 11700 SH SOLE AL 11700
NYT NEW YORK TIMES CO. COMMON 650111107 283 6600 SH SOLE AL 6600
NXLK NEXTLINK COMMUNICATIONS-A COMMON 65333H707 11011 89025 SH SOLE AL 89025
NXTV NEXT LEVEL COMMUNICATION COMMON 65333U104 307 2825 SH SOLE AL 2825
NOK NOKIA CORP COMMON 654902204 28927 130300 SH SOLE AL 130300
NT NORTEL NETWORKS CORP COMMON 656569100 23447 185900 SH SOLE AL 185900
OMC OMNICOM GROUP COMMON 681919106 11741 125400 SH SOLE AL 125400
OMC OMNICOM GROUP COMMON 681919106 3651 39000 SH DEFINED AL 39000
ORCL ORACLE SYSTEMS COMMON 68389X105 55534 711400 SH SOLE AL 711400
ORCL ORACLE SYSTEMS COMMON 68389X105 20140 258000 SH DEFINED AL 258000
PEB PE CORP-PE BIOSYSTEMS GROU COMMON 69332S102 7734 80150 SH SOLE AL 80150
PALM PALM INC COMMON 696642107 467 10400 SH SOLE AL 10400
PFE PFIZER INC. COMMON 717081103 17916 490000 SH SOLE AL 490000
PFE PFIZER INC. COMMON 717081103 14735 403000 SH DEFINED AL 403000
PNW PINNACLE WEST CAPITAL COMMON 723484101 295 10450 SH SOLE AL 10450
PBI PITNEY BOWES, INC. COMMON 724479100 11610 259800 SH SOLE AL 259800
PX PRAXAIR COMMON 74005P104 5153 123800 SH SOLE AL 123800
PX PRAXAIR COMMON 74005P104 2165 52000 SH DEFINED AL 52000
TROW PRICE (T. ROWE) ASSOCIATES COMMON 741477103 1209 30600 SH SOLE AL 30600
PG PROCTER & GAMBLE CO COMMON 742718109 4746 84000 SH DEFINED AL 84000
PL PROTECTIVE LIFE CORP. COMMON 743674103 333 10500 SH SOLE AL 10500
PFGI PROVIDENT FINANCIAL GROUP COMMON 743866105 337 9900 SH SOLE AL 9900
PVN PROVIDIAN FINANCIAL CORP. COMMON 74406A102 15056 173807 SH SOLE AL 173807
PVN PROVIDIAN FINANCIAL CORP. COMMON 74406A102 1655 19100 SH DEFINED AL 19100
OAT QUAKER OATS CO COMMON 747402105 7123 117500 SH SOLE AL 117500
QCOM QUALCOMM INC. COMMON 747525103 6943 46500 SH SOLE AL 46500
QUIK QUICKLOGIC CORP COMMON 74837P108 691 20400 SH SOLE AL 20400
FLC R&B FALCON CORP COMMON 74912E101 1142 58000 SH SOLE AL 58000
RFMD RF MICRO DEVIES INC COMMON 749941100 776 5775 SH SOLE AL 5775
RD ROYAL DUTCH PETRO-NY SHARE COMMON 780257804 9197 159075 SH SOLE AL 159075
SBC SBC COMMUNICATIONS INC COMMON 78387G103 11306 268380 SH SOLE AL 268380
SEIC SEI INVESTMENTS COMPANY COMMON 784117103 655 5775 SH SOLE AL 5775
SPW SPX CORP COMMON 784635104 228 2000 SH SOLE AL 2000
SWY SAFEWAY INC. COMMON 786514208 19229 424950 SH SOLE AL 424950
SWY SAFEWAY INC. COMMON 786514208 4751 105000 SH DEFINED AL 105000
SANM SANMINA CORP. COMMON 800907107 6976 103250 SH SOLE AL 103250
SGP SCHERING PLOUGH CORP COMMON 806605101 18255 491729 SH SOLE AL 491729
SGP SCHERING PLOUGH CORP COMMON 806605101 1474 39700 SH DEFINED AL 39700
SLB SCHLUMBERGER LTD COMMON 806857108 6426 84000 SH DEFINED AL 84000
SCH SCHWAB (CHARLES) CORP. COMMON 808513105 16993 299100 SH SOLE AL 299100
SFA SCIENTIFIC ATLANTA COMMON 808655104 12816 202630 SH SOLE AL 202630
SEBL SIEBEL SYSTEMS INC. COMMON 826170102 923 7725 SH SOLE AL 7725
SLR SOLECTRON CORP. COMMON 834182107 21128 526560 SH SOLE AL 526560
SLR SOLECTRON CORP. COMMON 834182107 4013 100000 SH DEFINED AL 100000
LUV SOUTHWEST AIRLINES COMMON 844741108 10616 510092 SH SOLE AL 510092
LUV SOUTHWEST AIRLINES COMMON 844741108 225 10800 SH DEFINED AL 10800
FON SPRINT CORPORATION COMMON 852061100 5321 84125 SH SOLE AL 84125
PCS SPRINT PCS COMMON 852061506 1742 26600 SH SOLE AL 26600
STT STATE STREET CORP COMMON 857477103 10937 112903 SH SOLE AL 112903
STT STATE STREET CORP COMMON 857477103 1201 12400 SH DEFINED AL 12400
SUNW SUN MICROSYSTEMS COMMON 866810104 72974 778784 SH SOLE AL 778784
SUNW SUN MICROSYSTEMS COMMON 866810104 26865 286700 SH DEFINED AL 286700
SUN SUNOCO INC. COMMON 86764P109 4872 177978 SH SOLE AL 177978
SUN SUNOCO INC. COMMON 86764P109 1366 49900 SH DEFINED AL 49900
TJX TJX COMPANIES COMMON 872540109 257 11600 SH SOLE AL 11600
TGT TARGET CORPORATION COMMON 87612E106 5905 79000 SH SOLE AL 79000
TLCM TELCOM SEMICONDUCTOR INC COMMON 87921P107 536 17725 SH SOLE AL 17725
TLAB TELLABS INC. COMMON 879664100 33986 539601 SH SOLE AL 539601
TLAB TELLABS INC. COMMON 879664100 10556 167600 SH DEFINED AL 167600
TEVA TEVA PHARMACEUTICAL-SP ADR COMMON 881624209 220 5900 SH SOLE AL 5900
TX TEXACO INC. COMMON 881694103 5040 93775 SH SOLE AL 93775
TXN TEXAS INSTRUMENTS COMMON 882508104 24869 155433 SH SOLE AL 155433
TXN TEXAS INSTRUMENTS COMMON 882508104 14000 87500 SH DEFINED AL 87500
TXT TEXTRON INC COMMON 883203101 5947 97700 SH SOLE AL 97700
TWX TIME WARNER INC COMMON 887315109 28955 289550 SH SOLE AL 289550
TOS TOSCO CORP COMMON 891490302 12001 391880 SH SOLE AL 391880
TNO TRUE NORTH COMMUNICATIONS COMMON 897844106 440 11200 SH SOLE AL 11200
TYC TYCO INTERNATIONAL LTD. COMMON 902124106 11940 238200 SH SOLE AL 238200
TYC TYCO INTERNATIONAL LTD. COMMON 902124106 8020 160000 SH DEFINED AL 160000
MRO USX-MARATHON GROUP COMMON 902905827 12143 465900 SH SOLE AL 465900
UDS ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 726 28625 SH SOLE AL 28625
UCL UNOCAL CORP COMMON 915289102 226 7600 SH SOLE AL 7600
VCI VALASSIS COMMUNICATIONS COMMON 918866104 283 8500 SH SOLE AL 8500
VRC VARCO INTERNATIONAL INC. COMMON 922126107 415 32900 SH SOLE AL 32900
VRTS VERITAS SOFTWARE CORP COMMON 923436109 2785 21263 SH SOLE AL 21263
VSH VISHAY INTERTECHNOLOGY INC COMMON 928298108 17981 323250 SH SOLE AL 323250
VOD VODAFONE AIRTOUCH PLC-ADR COMMON 92857T107 25301 455370 SH SOLE AL 455370
VOD VODAFONE AIRTOUCH PLC-ADR COMMON 92857T107 1574 28320 SH DEFINED AL 28320
WMT WAL-MART STORES, INC. COMMON 931142103 13549 239800 SH SOLE AL 239800
WMT WAL-MART STORES, INC. COMMON 931142103 7797 138000 SH DEFINED AL 138000
WLA WARNER LAMBERT COMMON 934488107 17177 175838 SH SOLE AL 175838
WLA WARNER LAMBERT COMMON 934488107 1631 16700 SH DEFINED AL 16700
WPI WATSON PHARMACEUTICALS INC COMMON 942683103 10251 258299 SH SOLE AL 258299
WPI WATSON PHARMACEUTICALS INC COMMON 942683103 1345 33900 SH DEFINED AL 33900
WFC WELLS FARGO AND CO. COMMON 949746101 13122 322000 SH SOLE AL 322000
WY WEYERHAEUSER CO COMMON 962166104 7384 129550 SH SOLE AL 129550
WTHG WORTHINGTON INDUSTRIES COMMON 981811102 163 13200 SH SOLE AL 13200
YNR YOUNG & RUBICAM INC. COMMON 987425105 846 18000 SH SOLE AL 18000
FUS FUSION CAPITAL LIMITED COMMON 99KBRM900 3678 24000000 SH SOLE AL 24000000
GBLX GLOBAL CROSSING LTD COMMON G3921A100 6620 161700 SH SOLE AL 161700
RIG TRANSOCEAN SEDCO FOREX INC COMMON G90078109 1198 23350 SH SOLE AL 23350
ORBK ORBOTHECH LTD COMMON M75253100 984 11575 SH SOLE AL 11575
RCL ROYAL CARIBBEAN CRUISES COMMON V7780T103 445 15900 SH SOLE AL 15900
</TABLE>
