<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Edgewood Management Company
Address: 350 Park Avenue
New York, New York 10022
Form 13F File Number: 28-02602
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: Nicholas Stephens
Title: Managing Director
Phone: (212) 652-9100
Signature, Place, and Date of Signing:
/s/ Nicholas Stephens New York, New York 5/15/00
_______________________ _____________________ _________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
<PAGE>
[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 244
Form 13F Information Table Value Total: $444,731
[thousands]
List of Other Included Managers: 1
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
1. 28- Wolverine Capital
Corporation
<PAGE>
<TABLE>
Form 13F INFORMATION TABLE
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ----------------------- ----------------------- -------- ------------------- ---------- -------- --------------------------
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
-------------------------- ------------------------------
FAIR
CUSIP MARKET SHRS OR SOLE SHARED SHARED SOLE SHARED NONE
NAME OF ISSUER TITLE OF CLASS NUMBER VALUE PRN AMT (A) (B) OTHER (C) MGR (A) (B) (C)
- ----------------------- ----------------------- -------- ------- ---- ----- --------- ----- ------ -------- -------
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COMMON 002824100 35,404,220 1,006,159 X 842,228 250 163,681
AES CORP COMMON 00130H105 47,352,532 601,302 X 497,750 100 103,452
15,750,000 200,000 X 1 0 200,000 0
AES JR SUB DEB CONV 4 CONVERT 00130HAN5 2,179,320 1,397,000 X 1,397,000 0 0
AFFYMETRIX INC OC-CAP COMMON 00826T108 2,480,391 16,710 X 15,060 0 1,650
AMERADA HESS CORP COMMON 023551104 452,375 7,000 X 7,000 0 0
AMERICA ONLINE INC COMMON 02364J104 3,563,465 52,841 X 52,151 0 690
AMERICAN CLASSIC VOYA COMMON 024928103 1,117,821 44,380 X 34,580 0 9,800
20,150,000 800,000 X 1 0 800,000 0
AMERICAN ELECTRIC POW COMMON 025537101 222,640 7,468 X 7,468 0 0
AMERICAN EXPRESS CO COMMON 025816109 1,234,543 8,289 X 8,289 0 0
AMERICAN GENERAL CORP COMMON 026351106 26,151,275 465,947 X 465,867 0 80
AMERICAN HOME PRODS C COMMON 026609107 3,601,465 67,004 X 62,360 0 4,644
AMERICAN INTL GROUP I COMMON 026874107 3,434,577 31,366 X 30,131 0 1,235
AMERICREDIT CORP. COMMON 03060R101 100,000 X 1 0 100,000 0
AMFM INC COMMON 001693100 225,327 3,627 X 3,627 0 0
ANESTA CORP COMMON 034603100 511,760 38,669 X 28,819 0 9,850
ANNEUSER BUSCH COS IN COMMON 035229103 951,802 15,290 X 14,290 0 1,000
ANTEC CORP COMMON 03664P105 497,195 11,095 X 3,220 0 7,875
13,443,750 300,000 X 1 0 300,000 0
APACHE CORP COMMON 037411105 418,646 8,415 X 7,415 0 1,000
APPLIED MATLS INC COMMON 038222105 17,627,766 187,032 X 187,032 0 0
ARADIGM CORP COMMON 038505103 1,993,855 95,514 X 87,314 0 8,200
ARCHSTONE COMMUNITIES COMMON 039581103 8,781,671 440,460 X 440,460 0 0
ARIBA INC COMMON 04033V104 3,574,106 34,100 X 32,100 0 2,000
ASIA PACIFIC RES LTD COMMON G05345106 18,750 15,000 X 15,000 0 0
ASM Lithography COMMON N05059111 8,381,250 75,000 X 1 0 75,000 0
ASSOCIATES FIRST CAP COMMON 046008108 400,055 18,716 X 18,716 0 0
AT & T CORP. COMMON 001957109 36,172,278 642,349 X 510,847 200 131,302
ATLANTIC RICHFIELD CO COMMON 048825103 515,780 6,068 X 5,558 0 510
AT&T CORP LIBERTY MED COMMON 001957208 21,312,227 359,321 X 227,771 150 131,400
AUTOMATIC DATA PROCES COMMON 053015103 295,917 6,133 X 6,133 0 0
BAKER HUGHES INC COMMON 057224107 258,093 8,532 X 8,532 0 0
BANK NEW YORK INC COMMON 064057102 66,034,084 1,588,790 X 1,406,725 250 181,815
BANK OF AMERICA COMMON 060505104 513,048 9,784 X 8,509 0 1,275
BANK OF NEW YORK CAP PREFERR 096564208 381,013 16,300 X 16,300 0 0
<PAGE>
BANK OF NY CAP 11 1 TR PREFERR 05563W206 837,500 40,000 X 40,000 0 0
BANK ONE CORP COMMON 06423A103 278,987 8,116 X 8,116 0 0
BARRICK GOLD CORP COMMON 067901108 156,875 10,000 X 10,000 0 0
BELL ATLANTIC CORP COMMON 077853109 1,426,230 23,333 X 21,733 0 1,600
BELLSOUTH CORP COMMON 079860102 580,687 12,388 X 8,500 0 3,888
BERKSHIRE HATHAWAY IN COMMON 084670108 572,000 10 X 10 0 0
BERKSHIRE HATHAWAY IN COMMON 084670207 1,739,920 956 X 956 0 0
BIOMATRIX INC COMMON 0906OP102 582,892 23,975 X 15,850 0 8,125
BMC SOFTWARE INC COM COMMON 055921100 478,937 9,700 X 9,700 0 0
BNY CAPITAL IV 6.875% PREFERR 09656G201 210,000 10,000 X 10,000 0 0
BOEING CO COMMON 097023105 1,543,053 40,808 X 40,808 0 0
BP AMOCO ADR COMMON 055622104 5,271,218 98,990 X 97,008 0 1,982
BRISTOL MYERS SQUIBB COMMON 110122108 67,522,904 1,164,188 X 1,057,502 150 106,536
BROADCOM CORP COMMON 111320107 291,450 1,200 X 1,200 0 0
BROADVISION INC COMMON 111412102 323,100 7,200 X 7,200 0 0
CBS CORPORATION COMMON 12490K107 2,069,644 36,550 X 36,000 0 550
CHARTER COMMUNICATION COMMON 16117M107 143,281 10,000 X 10,000 0 0
CHEVRON CORP COMMON 166751107 5,033,037 54,448 X 52,448 0 2,000
CHUBB CORP COMMON 171232101 791,833 11,720 X 11,720 0 0
CINCINNATI FINL CORP COMMON 172062101 217,171 5,772 X 5,772 0 0
CISCO SYS INC COMMON 17275R102 182,142,374 2,355,924 X 2,162,738 100 193,086
CITIGROUP INC. COMMON 172967101 14,276,954 238,446 X 168,120 150 70,176
CITRIX SYS INC COMMON 177376100 510,125 7,700 X 7,700 0 0
CMGI INC COMMON 125750109 2,162,003 19,080 X 16,930 0 2,150
COCA COLA CO COMMON 191216100 9,645,938 205,506 X 205,306 0 200
COLGATE PALMOLIVE CO COMMON 194162103 206,298,168 3,659,391 X 3,542,061 100 117,230
COMCAST CORP CL A SPL COMMON 200300200 839,740 19,360 X 19,360 0 0
COMMERCE ONE INC. COMMON 200693109 7,462,500 50,000 X 1 0 50,000 0
COMPAQ COMPUTER CORP COMMON 204493100 855,465 31,980 X 31,980 0 0
COMPUTER ASSOC INTL I COMMON 204912109 44,539,008 752,507 X 630,746 150 121,611
11,837,500 200,000 X 1 0 200,000 0
COMVERSE TECHNOLOGY I COMMON 205862402 415,800 4,400 X 4,400 0 0
CONCORD EFS INC COMMON 206197105 30,973,194 1,350,330 X 1,048,222 350 301,758
18,350,000 800,000 X 1 0 800,000 0
CONEXANT SYS INC COMMON 207142100 227,200 3,200 X 3,200 0 0
CONOCO INC CL 8 COMMON 208251405 256,865 10,024 X 10,024 0 0
CORNING INC COMMON 219350105 2,225,180 11,470 X 10,070 0 1,400
CYTYC CORP COMMON 232946103 2,064,232 42,782 X 36,632 0 6,150
DELL COMPUTER CORP COMMON 247025109 3,020,500 56,000 X 56,000 0 0
DELTA & PINE LD CO COMMON 247357106 879,013 44,507 X 44,507 0 0
DISNEY WALT PRODTNS COMMON 254687106 6,673,549 161,783 X 161,783 0 0
DOW CHEMICAL CORP COMMON 260543103 1,531,362 13,433 X 13,433 0 0
DU PONT E I DE NEMOUR COMMON 263534109 1,537,940 29,052 x 29,052 0 0
E M C CORP MASS COMMON 268648102 17,733,744 140,744 X 107,530 50 33,164
EDWARDS J D & CO COMMON 281667105 2,640,819 81,100 X 71,650 0 9,450
EL PASO ENERGY CORP D COMMON 283905107 527,863 13,074 X 13,074 0 0
EMERSON ELEC CO COMMON 291011104 641,006 12,066 X 12,066 0 0
EQUIFAX INC COMMON 294429105 37,381,766 1,480,466 X 1,224,266 500 255,700
EXODUS COMMUNICATIONS COMMON 302088109 15,665,047 111,495 X 109,345 0 2,150
EXXON MOBIL CORPORATI COMMON 30231G102 22,886,892 293,657 X 289,379 0 4,278
FEDERAL NAT MORTGAGE COMMON 313586109 52,243,614 923,644 X 833,967 100 89,577
<PAGE>
FIFTH 3RD BANCORP COMMON 316773100 214,389 3,403 X 3,403 0 0
FIRST DATA CORP COMMON 319963104 33,968,974 765,498 X 625,328 150 140,020
FIRSTAR CORP NEW WIS COMMON 33763V109 4,420,813 192,733 X 192,733 0 0
FIRSTENERGY CORP COMMON 337932107 209,859 10,175 X 10,175 0 0
FLEETBOSTON FINANCIAL COMMON 339030108 245,499 6,726 X 6,726 0 0
FORD MOTOR Co. 8.25% PREFERR 345370407 210,000 8,000 X 8,000 0 0
FREEPORT MCMORAN COPP COMMON 35671D857 677,165 56,138 X 56,138 0 0
GANNETT INC DEL COMMON 364730101 571,093 8,115 X 8,115 0 0
GENERAL ELEC CO COMMON 369604103 39,561,743 254,212 X 246,812 0 7,400
GENERAL MILLS INC COMMON 370334104 309,475 8,552 X 7,422 0 1,130
GENZYME CORP COMMON 372917104 31,558,299 629,592 X 489,081 150 140,361
GENZYME CORP COM-MLCL COMMON 372917500 240,382 15,893 X 15,893 0 0
GENZYME CORP-TISSUE R COMMON 372917401 179,617 27,112 X 27,112 0 0
GILLETTE CO COMMON 375766102 244,969 6,500 X 6,500 0 0
GTE CORP COMMON 362320103 908,729 12,799 X 11,999 0 800
GUIDANT CORP COMMON 401698105 533,408 9,060 X 3,510 0 5,550
HALLIBURTON COMPANY COMMON 406216101 302,269 7,350 X 6,950 0 400
HARMONY GOLD MNG LTD COMMON 413216300 122,500 20,000 X 20,000 0 0
HEALTHEON CORP COMMON 422209106 267,490 11,630 X 7,180 0 4,450
HEWLETT PACKARD CO COMMON 428236103 17,322,605 130,675 X 130,675 0 0
HISPANIC BROADCASTING COMMON 43357B104 63,363,035 559,497 X 494,482 100 64,915
22,650,000 200,000 X 1 0 200,000 0
HOME DEPOT INC COMMON 437076102 59,652,115 924,839 X 802,836 150 121,853
HONEYWELL INTERNATION COMMON 438516106 1,254,331 23,807 X 23,807 0 0
HOUSEHOLD INTL CORP COMMON 441815107 467,600 12,532 X 12,532 0 0
IDEXX LABORATORIES CO COMMON 45168D104 1,505,545 64,581 X 54,156 0 10,425
IGEN INC COMMON 449536101 1,102,750 44,110 X 37,910 0 6,200
INKTOMI CORP COMMON 457277101 4,912,050 25,190 X 23,140 0 2,050
INSO CORP COMMON 457674109 135,000 10,000 X 10,000 0 0
INTEL CORP COMMON 458140100 48,152,042 364,961 X 324,224 100 40,637
INTER TEL INC COMMON 458372109 6,329,209 231,204 X 231,204 0 0
14,536,125 531,000 X 1 0 531,000 0
INTERNATIONAL BUSINES COMMON 459200101 5,166,630 43,785 X 42,573 0 1,212
INTERNATIONAL PAPER C COMMON 460146103 307,073 7,183 X 7,183 0 0
INTERPUBLIC GROUP COS COMMON 460690100 373,558 7,906 X 7,906 0 0
JDS UNIPHASE CORP COMMON 46612J101 917,481 7,610 X 7,150 0 460
JOHNSON & JOHNSON COMMON 478160104 14,479,157 206,109 X 204,009 0 2,100
KIMBERLY CLARK CORP COMMON 494368103 294,440 5,252 X 2,852 0 2,400
LIBERTY PROPERTIES SE PREFERR 531172203 642,000 32,000 X 32,000 0 0
LILLY ELI & CO COMMON 532457108 2,754,999 43,992 X 43,192 0 800
LONE STAR TECHNOLOGIE COMMON 542312103 676,062 14,500 X 14,500 0 0
LORAL SPACE & COMMNIC COMMON G56462107 361,503 35,485 X 19,810 0 15,675
LUCENT TECHNOLOGIES I COMMON 549463107 9,965,942 160,741 X 159,253 0 1,488
MANNESMANN A G SPONSO COMMON 563775303 4,874,922 15,676 X 15,676 0 0
MARINE DRILLING CO IN COMMON 568240204 274,375 10,000 X 10,000 0 0
MARRIOTT INTL INC NEW COMMON 571903202 740,250 23,500 X 23,500 0 0
MARSHALL & ILSLEY COR COMMON 571834100 462,001 8,000 X 8,000 0 0
MAVERICK TUBE CORP COMMON 577914104 677,944 20,900 X 20,900 0 0
MCGRAW HILL INC COMMON 580645109 4,410,770 96,940 X 96,940 0 0
MCI WORLDCOM COMMON 55268B106 212,470 4,689 X 4,238 0 451
MEDIAONE GROUP INC COMMON 58440J104 301,320 3,720 X 500 0 3,220
<PAGE>
MEDIAPLEX INC COMMON 58446B105 1,781,000 34,250 X 34,250 0 0
MEDTRONIC INC COMMON 585055106 2,206,154 42,890 X 41,400 0 1,490
MELLON FINL CORP COMMON 58551A108 2,341,979 78,722 X 78,722 0 0
MERCANTILE BANKSHARES COMMON 587405101 618,891 20,250 X 20,250 0 0
MERCK & CO COMMON 589331107 32,909,911 529,737 X 528,077 0 1,660
MEREDITH CORP COMMON 589433101 760,991 27,485 X 19,310 0 8,175
MERRILL LYNCH PFD 7.2 PREFERR 59021K205 380,545 17,800 X 17,800 0 0
MICRON TECHNOLOGY INC COMMON 595112103 25,200,000 200,000 X 1 0 200,000 0
MICROSOFT CORP COMMON 594918104 34,810,050 327,624 X 272,047 50 55,527
MID-ATLANTIC RLTY TR CONVERT 595232AA7 212,500 250,000 X 250,000 0 0
MILLENNIUM PHARMACTCL COMMON 599902103 4,159,247 64,050 X 59,800 0 4,250
MINNESOTA MNG & MFG C COMMON 604059105 88,641,763 1,000,895 X 998,695 0 2,200
MONSANTO CO COMMON 611662107 206,000 4,000 X 4,000 0 0
MORGAN J.P. & CO INC COMMON 616880100 5,612,813 42,602 X 41,802 0 800
MORGAN STANLEY DEAN W COMMON 617446448 2,789,241 33,656 X 33,456 0 200
MOTOROLA CAP TR. PFD PREFERR 620074203 913,000 44,000 X 44,000 0 0
MOTOROLA INC COMMON 620076109 1,164,788 7,978 X 7,478 0 500
MULTEX SYS INC COMMON 625367107 2,123,550 57,200 X 47,250 0 9,950
MUNIYIELD QUALITY FD MUTUAL 62630T104 131,250 12,000 X 12,000 0 0
N S GROUP INC COMMON 628916108 585,619 35,900 X 35,900 0 0
NATIONAL CITY CORP COMMON 635405103 467,858 22,684 X 15,460 0 7,224
NCT GROUP INC COMMON 62888009 16,100 14,000 X 14,000 0 0
NETWORK APPLIANCE INC COMMON 6412OL104 562,700 6,800 X 6,800 0 0
NEXTEL COMMUNICATIONS COMMON 65332V103 349,129 2,355 X 2,235 0 120
NOVARTIS AG SPONSORED COMMON 66987V109 14,206,560 207,759 X 144,979 50 62,730
NTL INC COMMON 629407107 1,009,336 10,875 X 7,450 0 3,425
18,562,500 200,000 X 1 0 200,000 0
OCEAN ENERGY INC. COMMON 67481E106 742,627 51,661 X 51,661 0 0
OMNICOM GROUP COMMON 681919106 514,937 5,500 X 5,500 0 0
OPUS 360-SUBSCRIPTION
OFFER COMMON 68400F109 8,750 X 1 0 8,750 0
ORACLE SYS CORP COMMON 68389X105 17,385,534 222,713 X 167,845 100 54,768
PALL CORP COMMON 696429307 1,260,875 56,195 X 41,820 0 14,375
PANAMSAT CORP NEW COMMON 697933109 6,528,060 133,056 X 125,625 0 7,431
9,812,500 200,000 X 1 0 200,000 0
PEGASUS COMMUNICATION COMMON 705904100 1,407,500 10,000 X 10,000 0 0
PEPSICO INC COMMON 713448108 4,599,454 131,884 X 131,734 0 150
PFIZER INC COMMON 717081103 13,718,287 375,201 X 372,766 0 2,435
PHILIP MORRIS CO. COMMON 718154107 533,977 25,277 X 20,077 0 5,200
PITNEY BOWES INC COMMON 724479100 2,447,758 54,775 X 50,775 0 4,000
PNC FINANCIAL CORP COMMON 693475105 3,380,003 75,007 X 75,007 0 0
PROCTER & GAMBLE CO COMMON 742718109 7,396,189 130,906 X 125,416 0 5,490
PROGENICS PHARMACEUTI COMMON 743187106 3,393,950 48,485 X 45,410 0 3,075
PROLOGIS TR PFD SH BN PREFERR 743410508 260,750 14,000 X 14,000 0 0
PROLOGIS TR SH BEN IN COMMON 743410102 8,513,813 442,276 X 442,276 0 0
PURCHASEPRO COM INC COMMON 746144104 1,446,012 19,945 X 19,145 0 800
REGENCY RLTY CORP COMMON 758939102 1,422,336 72,017 X 72,017 0 0
REPSOL S A ADR SPONSO COMMON 76026T205 2,167,353 101,694 X 101,694 0 0
ROYAL DUTCH PETRO-NY COMMON 780257804 1,399,583 24,209 X 23,809 0 400
ROYCE VALUE TRUST 8.0 PREFERR 780910204 366,000 16,000 X 16,000 0 0
SAFEGUARD SCIENTIFICS COMMON 786449108 3,221,610 46,690 X 43,015 0 3,675
<PAGE>
25,530,000 370,000 X 1 0 370,000 0
SANMINA CORP COMMON 800907107 466,181 6,900 X 6,900 0 0
SANTA FE INTL CORP OR COMMON G7805C108 469,900 12,700 X 12,700 0 0
SARA LEE CORP COMMON 803111103 188,892 10,494 X 10,494 0 0
SBC COMMUNICATIONS, I COMMON 78387G103 720,127 17,095 X 15,339 0 1,756
SCHERING PLOUGH CORP COMMON 806605101 956,971 25,777 X 25,377 0 400
SCHLUMBERGER COMMON 806857108 27,918,292 364,945 X 276,215 150 88,580
SEALED AIR CORP NEW COMMON 81211K1OO 28,186,558 518,970 X 394,585 200 124,185
SEALED AIR CORP NEW P CONVERT 81211K209 1,888,967 36,370 X 36,370 0 0
SEVEN SEAS PETE INC COMMON 817917107 20,000 10,000 X 10,000 0 0
SHELL TRANS & TRADING COMMON 822703609 319,103 6,504 X 6,504 0 0
SHOWCASE CORP CDT-COM COMMON 82539P102 135,000 15,000 X 15,000 0 0
SIEBEL SYS INC COMMON 826170102 573,300 4,800 X 4,800 0 0
SOUTHERN UN CO NEW COMMON 844030106 637,823 35,312 X 35,312 0 0
SPRINT CORP COMMON 852061100 474,894 7,538 X 7,538 0 0
ST PAUL COS INC COMMON 792860108 206,934 6,064 X 6,064 0 0
STOCKER & YALE INC NE COMMON 86126T203 319,375 10,000 X 10,000 0 0
SUMMIT BANCORP COMMON 866005101 1,254,000 47,771 X 47,771 0 0
SUN MICROSYSTEM INC COMMON 866810104 508,808 5,430 X 5,430 0 0
SYBRON CORP DEL COMMON 87114F106 16,317,256 562,664 X 536,014 0 26,650
SYMBOL TECHNOLOGIES I COMMON 871508107 950,709 17,325 X 10,575 0 6,750
TANDY CORP COMMON 875382103 411,278 8,104 X 8,104 0 0
TARGET CORP COMMON 87612E106 2,890,657 38,671 X 38,671 0 0
TCI COMMUNICATIONS FI PREFERR 87228U205 748,563 29,000 X 29,000 0 0
TERAYON COMMUNICATION COMMON 880775101 205,000 1,000 X 1,000 0 0
THE CHASE MANHATTAN C COMMON 16161A108 2,248,566 25,790 X 25,570 0 220
TIBCO SOFTWARE INC COMMON 88632Q103 2,658,938 32,625 X 28,800 0 3,825
TIME WARNER CAP 18.8 PREFERR 88731G204 1,373,969 57,100 X 57,100 0 0
TIME WARNER INC COMMON 887315109 80,063,800 800,638 X 702,778 100 97,760
10,700,000 107,000 X 1 0 107,000 0
TRANSOCEAN SEDCO FORE COMMON G90078109 259,783 5,063 X 5,019 0 44
TRAVELERS P & C CAPIT PREFERR 893931204 556,500 24,000 X 24,000 0 0
TRIBUNE CO COMMON 896047107 25,064,910 685,536 X 506,841 250 178,445
U S TRUST CORP. COMMON 91288L105 1,743,767 9,212 X 9,212 0 0
UNION PAC CORP COMMON 907818108 398,606 10,188 X 8,188 0 2,000
UNITED PARCEL SVC INC COMMON 911312106 1,530,657 24,300 X 24,300 0 0
UNITED TECHNOLOGIES C COMMON 913017109 227,475 3,600 X 3,600 0 0
UNIVERSAL ACCESS INC COMMON 913363107 7,791,765 232,590 X 232,590 0 0
US BANCORP DEL COMMON 902973106 2,319,581 106,038 X 106,038 0 0
LIST INC COMMON 902911106 171,875 11,000 X 11,000 0 0
VALENCE TECHNOLOGY INC COMMON 918914102 160,000 X 1 0 160,000 0
VERITAS SOFTWARE CO COMMON 923436109 943,200 7,200 X 7,200 0 0
VERITY INC COMMON 92343C106 160,000 X 1 0 160,000 0
VERTEX PHARMACEUTICAL COMMON 92532F100 2,444,315 52,215 X 46,690 0 5,525
VIROPHARMA INC COMMON 928241108 16,960,509 276,624 X 270,924 0 5,700
VISX INC DEL COMMON 92844S105 1,473,779 80,755 X 72,055 0 8,700
10,950,000 600,000 X 1 0 600,000 0
VODAFONE AIRTOUCH PLC COMMON 92857T107 74,229,444 1,335,963 X 1,197,091 150 138,722
VOICESTREAM WIRELESS COMMON 928615103 212,541 1,650 X 1,650 0 0
WAL MART STORES INC COMMON 931142103 7,267,708 128,632 X 128,632 0 0
WARNER LAMBERT CO COMMON 934488107 4,447,907 45,532 X 45,102 0 430
<PAGE>
WASHINGTON MUT INC COMMON 939322103 1,775,209 66,989 X 65,839 0 1,150
WELLS FARGO NEW COMMON 949746101 644,461 15,815 X 5,977 0 9,838
WESTWOOD ONE INC COMMON 961815107 1,443,837 39,830 X 31,080 0 8,750
XEROX CORP COMMON 984121103 296,400 11,400 X 11,400 0 0
XL CAPITAL LTD. COMMON G98255105 217,734 3,932 X 3,932 0 0
TOTAL
</TABLE>
02399001.AB2
