UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment ( )
Institutional Investment Manager Filing this Report:
Name: National Asset Management Corporation
Address: 101 South Fifth Street, 6th Floor
Louisville, Kentucky 40202
13F file Number: 28-2617
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: Randall T. Zipfel
Title: Chief Operating Officer
Phone: (502)-581-7766
Signature, Place, and Date of Signing:
Randall T. Zipfel Louisville, Kentucky May 13, 1999
(Signature) (City, State) (Date)
Report Type (Check only one):
( X ) 13F HOLDING REPORT. (Check here if all holdings
of this reporting manager are
reported in this report.)
( ) 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: NONE
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 483
Form 13F Information Table Value Total: $4,554,139,373.83
List of Other Included Managers: NONE
Provide a numbered list of the name(s) and 13F file number(s)
of all institutional investment managers with respect to which
this report is filed, other than the manager filing this report.
NONE
May 13, 1999
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Main Stop A-2
Washington, DC 20549
Re: National Asset Management Company (NAM)
Form 13F
13F File Number: 28-2617
Dear Sir or Madam:
Enclosed is the electronic form 13F for filing with respect
to the quarter ended March 31, 1999. Each copy of the
Form 13F has been manually executed.
Please date-stamp the enclosed additional copy of this letter
and Form 13F and return them to the undersigned in the enclosed,
self-addressed, stamped envelope. You may direct any questions
regarding this filing to the undersigned.
Very truly yours,
Randall T. Zipfel
Chief Operating Officer and Principal
Enclosures
<PAGE>
<TABLE>
REPORTING MANAGER
<CAPTION>
S S S
O H H
L R R
ISSUER CUSIP FAIR MKT VALUE SHARES E V O SOLE SHARED OTHER
<S> <C> <C> <C> <C><C><C> <C> <C> <C>
AFLAC 001055102 97,987,717.75
23,666,158.75 434,740.00 X 0.00 0.00 434,740.00
57,539,566.50 1,056,984.00 X 1,056,984.00 0.00 0.00
534,031.88 9,810.00 X 0.00 9,810.00 0.00
11,890,238.75 218,420.00 X 0.00 0.00 218,420.00
3,600,496.25 66,140.00 X 66,140.00 0.00 0.00
757,225.63 13,910.00 X 0.00 0.00 13,910.00
AMR 001765106 363,087.50
363,087.50 6,200.00 X 6,200.00 0.00 0.00
AT&T 001957109 4,956,356.25
4,684,993.75 58,700.00 X 58,700.00 0.00 0.00
263,381.25 3,300.00 X 0.00 0.00 3,300.00
7,981.25 100.00 X 0.00 0.00 100.00
ABBOTT LABS 002824100 14,511.88
468.13 10.00 X 10.00 0.00 0.00
9,362.50 200.00 X 0.00 0.00 200.00
4,681.25 100.00 X 0.00 0.00 100.00
AEGON N V 007924103 62,193.50
62,193.50 692.00 X 0.00 0.00 692.00
AETNA 008117103 415,000.00
415,000.00 5,000.00 X 5,000.00 0.00 0.00
AIR PRODUCTS & CHEMICALS 009158106 321,950.00
321,950.00 9,400.00 X 9,400.00 0.00 0.00
ALBERTSONS 013104104 364,731.25
364,731.25 6,700.00 X 6,700.00 0.00 0.00
ALCAN ALUMINUM 013716105 389,768.75
389,768.75 15,100.00 X 15,100.00 0.00 0.00
ALLEGHENY ENERGY INC 017361106 5,653,970.00
7,670.00 260.00 X 260.00 0.00 0.00
1,534,000.00 52,000.00 X 52,000.00 0.00 0.00
4,112,300.00 139,400.00 X 0.00 0.00 139,400.00
ALLIED SIGNAL 019512102 826,350.00
826,350.00 16,800.00 X 16,800.00 0.00 0.00
ALLSTATE 020002101 778,312.50
778,312.50 21,000.00 X 21,000.00 0.00 0.00
ALTERA CORP 021441100 65,159,640.00
16,188,760.00 272,080.00 X 0.00 0.00 272,080.00
37,421,930.00 628,940.00 X 628,940.00 0.00 0.00
333,200.00 5,600.00 X 0.00 5,600.00 0.00
7,610,050.00 127,900.00 X 0.00 0.00 127,900.00
3,121,370.00 52,460.00 X 52,460.00 0.00 0.00
484,330.00 8,140.00 X 0.00 0.00 8,140.00
AMERICAN ELECTRIC POW IN 025537101 400,843.75
400,843.75 10,100.00 X 10,100.00 0.00 0.00
AMERICAN GENERAL CORP COM 026351106 66,109,965.00
359,550.00 5,100.00 X 0.00 5,100.00 0.00
38,907,540.00 551,880.00 X 551,880.00 0.00 0.00
16,405,350.00 232,700.00 X 0.00 0.00 232,700.00
2,270,100.00 32,200.00 X 32,200.00 0.00 0.00
7,656,300.00 108,600.00 X 0.00 0.00 108,600.00
511,125.00 7,250.00 X 0.00 0.00 7,250.00
AMERICAN INTL GROUP 026874107 149,373,797.87
88,211,193.11 731,284.50 X 731,284.50 0.00 0.00
806,981.25 6,690.00 X 0.00 6,690.00 0.00
36,929,042.26 306,147.50 X 0.00 0.00 306,147.50
5,547,905.63 45,993.00 X 45,993.00 0.00 0.00
16,730,687.50 138,700.00 X 0.00 0.00 138,700.00
1,147,988.13 9,517.00 X 0.00 0.00 9,517.00
AMERITECH 030954101 2,904,300.00
2,904,300.00 50,400.00 X 50,400.00 0.00 0.00
AMP 031897101 345,289.00
345,289.00 6,454.00 X 6,454.00 0.00 0.00
AMSOUTH BANCORPORATION 032165102 7,962,045.00
26,845.00 590.00 X 0.00 590.00 0.00
2,165,800.00 47,600.00 X 47,600.00 0.00 0.00
397,215.00 8,730.00 X 0.00 0.00 8,730.00
4,550.00 100.00 X 100.00 0.00 0.00
5,359,900.00 117,800.00 X 0.00 0.00 117,800.00
7,735.00 170.00 X 0.00 0.00 170.00
AON CORP 037389103 360,525.00
360,525.00 5,700.00 X 5,700.00 0.00 0.00
APPLIED MATERIALS 038222105 77,482,584.37
45,633,328.12 739,750.00 X 739,750.00 0.00 0.00
18,552,515.63 300,750.00 X 0.00 0.00 300,750.00
386,780.63 6,270.00 X 0.00 6,270.00 0.00
3,690,763.13 59,830.00 X 59,830.00 0.00 0.00
8,650,438.13 140,230.00 X 0.00 0.00 140,230.00
568,758.75 9,220.00 X 0.00 0.00 9,220.00
APTARGROUP 038336103 1,591,200.00
239,200.00 9,200.00 X 0.00 0.00 9,200.00
1,352,000.00 52,000.00 X 52,000.00 0.00 0.00
ARCHER DANIELS MIDLAND 039483102 277,990.31
277,990.31 18,927.00 X 18,927.00 0.00 0.00
ASSOCIATES FIRST CAPITAL 046008108 73,250,430.84
391,500.00 8,700.00 X 0.00 8,700.00 0.00
43,973,250.84 977,183.35 X 977,183.35 0.00 0.00
18,039,780.00 400,884.00 X 0.00 0.00 400,884.00
8,217,000.00 182,600.00 X 0.00 0.00 182,600.00
2,056,500.00 45,700.00 X 45,700.00 0.00 0.00
572,400.00 12,720.00 X 0.00 0.00 12,720.00
ATLANTIC RICHFIELD 048825103 541,125.00
541,125.00 7,400.00 X 7,400.00 0.00 0.00
AUTOMATIC DATA PROCESSING 053015103 133,940,391.25
757,162.50 18,300.00 X 0.00 18,300.00 0.00
32,648,185.00 789,080.00 X 0.00 0.00 789,080.00
74,727,801.25 1,806,110.00 X 1,806,110.00 0.00 0.00
18,908,375.00 457,000.00 X 0.00 0.00 457,000.00
5,643,550.00 136,400.00 X 136,400.00 0.00 0.00
1,255,317.50 30,340.00 X 0.00 0.00 30,340.00
AUTOMATIC DATA PROCESSING 053015AC7 8,167,087.50
2,043,112.50 1,905,000.00 X 0.00 0.001,905,000.00
6,123,975.00 5,710,000.00 X 5,710,000.00 0.00 0.00
BANK OF NEW YORK 064057102 912,812.50
912,812.50 25,400.00 X 25,400.00 0.00 0.00
BANKBOSTON 06605R106 424,462.50
424,462.50 9,800.00 X 9,800.00 0.00 0.00
BANKERS TRUST NY 066365107 291,225.00
291,225.00 3,300.00 X 3,300.00 0.00 0.00
BELL ATLANTIC 077853109 1,545,456.25
1,545,456.25 29,900.00 X 29,900.00 0.00 0.00
BELLSOUTH 079860102 83,956,016.63
444,693.75 11,100.00 X 0.00 11,100.00 0.00
20,460,720.00 510,720.00 X 0.00 0.00 510,720.00
51,125,599.13 1,276,146.00 X 1,276,146.00 0.00 0.00
9,542,887.50 238,200.00 X 0.00 0.00 238,200.00
1,735,507.50 43,320.00 X 43,320.00 0.00 0.00
646,608.75 16,140.00 X 0.00 0.00 16,140.00
BOEING 097023105 1,003,000.00
1,003,000.00 29,500.00 X 29,500.00 0.00 0.00
BRISTOL-MYERS SQUIBB 110122108 120,295,935.00
70,229,700.00 1,095,200.00 X 1,095,200.00 0.00 0.00
29,816,842.50 464,980.00 X 0.00 0.00 464,980.00
632,272.50 9,860.00 X 0.00 9,860.00 0.00
14,107,500.00 220,000.00 X 0.00 0.00 220,000.00
4,488,750.00 70,000.00 X 70,000.00 0.00 0.00
1,020,870.00 15,920.00 X 0.00 0.00 15,920.00
BURLINGTON NORTHERN 12189T104 502,987.50
502,987.50 15,300.00 X 15,300.00 0.00 0.00
CBS CORP 12490K107 934,606.25
934,606.25 22,900.00 X 22,900.00 0.00 0.00
CIGNA CORP NEW 125509109 628,593.75
628,593.75 7,500.00 X 7,500.00 0.00 0.00
CSX 126408103 284,243.75
284,243.75 7,300.00 X 7,300.00 0.00 0.00
CVS CORP 126650100 85,302,400.00
479,750.00 10,100.00 X 0.00 10,100.00 0.00
21,528,900.00 453,240.00 X 0.00 0.00 453,240.00
49,900,175.00 1,050,530.00 X 1,050,530.00 0.00 0.00
10,108,000.00 212,800.00 X 0.00 0.00 212,800.00
2,607,750.00 54,900.00 X 54,900.00 0.00 0.00
677,825.00 14,270.00 X 0.00 0.00 14,270.00
CATERPILLAR 149123101 684,468.75
684,468.75 14,900.00 X 14,900.00 0.00 0.00
CHAMPION INTL 158525105 45,058,291.88
11,217,453.75 273,180.00 X 0.00 0.00 273,180.00
27,705,279.38 674,710.00 X 674,710.00 0.00 0.00
197,921.25 4,820.00 X 0.00 4,820.00 0.00
1,341,101.25 32,660.00 X 32,660.00 0.00 0.00
4,245,862.50 103,400.00 X 0.00 0.00 103,400.00
350,673.75 8,540.00 X 0.00 0.00 8,540.00
CHASE MANHATTAN 16161A108 74,155,410.00
374,325.00 4,600.00 X 0.00 4,600.00 0.00
44,427,495.00 545,960.00 X 545,960.00 0.00 0.00
17,827,635.00 219,080.00 X 0.00 0.00 219,080.00
8,365,350.00 102,800.00 X 0.00 0.00 102,800.00
2,522,625.00 31,000.00 X 31,000.00 0.00 0.00
637,980.00 7,840.00 X 0.00 0.00 7,840.00
CHEVRON CORPORATION 166751107 1,588,625.00
1,588,625.00 17,900.00 X 17,900.00 0.00 0.00
CHUBB 171232101 361,272.06
15,753.31 269.00 X 0.00 0.00 269.00
345,518.75 5,900.00 X 5,900.00 0.00 0.00
CHURCHILL DOWNS 171484108 5,369,000.00
5,369,000.00 191,750.00 X 191,750.00 0.00 0.00
CISCO 17275R102 95,507,276.33
23,296,712.95 212,634.00 X 0.00 0.00 212,634.00
54,428,898.31 496,784.01 X 496,784.01 0.00 0.00
528,091.25 4,820.00 X 0.00 4,820.00 0.00
6,273,548.75 57,260.00 X 57,260.00 0.00 0.00
10,254,502.19 93,595.00 X 0.00 0.00 93,595.00
725,522.88 6,622.00 X 0.00 0.00 6,622.00
CINTAS 172908105 62,597,216.25
14,839,471.25 226,990.00 X 0.00 0.00 226,990.00
34,964,511.25 534,830.00 X 534,830.00 0.00 0.00
324,260.00 4,960.00 X 0.00 4,960.00 0.00
2,610,423.75 39,930.00 X 39,930.00 0.00 0.00
9,394,387.50 143,700.00 X 0.00 0.00 143,700.00
464,162.50 7,100.00 X 0.00 0.00 7,100.00
COCA COLA 191216100 66,880,951.25
366,408.75 5,970.00 X 0.00 5,970.00 0.00
17,205,253.75 280,330.00 X 0.00 0.00 280,330.00
40,447,352.50 659,020.00 X 659,020.00 0.00 0.00
6,137,500.00 100,000.00 X 0.00 0.00 100,000.00
2,200,907.50 35,860.00 X 35,860.00 0.00 0.00
523,528.75 8,530.00 X 0.00 0.00 8,530.00
COLUMBIA/HCA HEALTHCARE 197677107 414,731.25
414,731.25 21,900.00 X 21,900.00 0.00 0.00
COMERICA 200340107 63,461,475.00
16,116,991.88 258,130.00 X 0.00 0.00 258,130.00
38,888,572.50 622,840.00 X 622,840.00 0.00 0.00
344,030.63 5,510.00 X 0.00 5,510.00 0.00
7,411,331.25 118,700.00 X 0.00 0.00 118,700.00
219,780.00 3,520.00 X 3,520.00 0.00 0.00
480,768.75 7,700.00 X 0.00 0.00 7,700.00
COMMERCE BANCSHARES 200525103 44,725,524.39
11,421,448.50 296,661.00 X 0.00 0.00 296,661.00
27,528,209.64 715,018.43 X 715,018.43 0.00 0.00
233,502.50 6,065.00 X 0.00 6,065.00 0.00
5,011,679.75 130,173.50 X 0.00 0.00 130,173.50
145,530.00 3,780.00 X 3,780.00 0.00 0.00
385,154.00 10,004.00 X 0.00 0.00 10,004.00
COMPAQ COMPUTER 204493100 1,411,060.22
1,411,060.22 44,530.50 X 44,530.50 0.00 0.00
COMPUTER SCIENCES 205363104 71,258,100.00
40,936,983.75 741,780.00 X 741,780.00 0.00 0.00
391,831.25 7,100.00 X 0.00 7,100.00 0.00
17,521,479.38 317,490.00 X 0.00 0.00 317,490.00
8,162,231.25 147,900.00 X 0.00 0.00 147,900.00
3,658,379.38 66,290.00 X 66,290.00 0.00 0.00
587,195.00 10,640.00 X 0.00 0.00 10,640.00
CONSOLIDATED EDISON NY 209115104 457,656.25
457,656.25 10,100.00 X 10,100.00 0.00 0.00
DAYTON HUDSON 239753106 88,937,379.38
465,708.75 6,990.00 X 0.00 6,990.00 0.00
22,092,850.00 331,600.00 X 0.00 0.00 331,600.00
52,262,981.88 784,435.00 X 784,435.00 0.00 0.00
2,973,473.75 44,630.00 X 44,630.00 0.00 0.00
10,473,450.00 157,200.00 X 0.00 0.00 157,200.00
668,915.00 10,040.00 X 0.00 0.00 10,040.00
DEERE & COMPANY 244199105 324,450.00
324,450.00 8,400.00 X 8,400.00 0.00 0.00
DELTA AIRLINES 247361108 347,500.00
347,500.00 5,000.00 X 5,000.00 0.00 0.00
DISNEY WALT 254687106 1,403,737.50
1,403,737.50 45,100.00 X 45,100.00 0.00 0.00
DOW CHEMICAL 260543103 736,181.25
736,181.25 7,900.00 X 7,900.00 0.00 0.00
DU PONT E I DE NEMOUR 263534109 56,927,378.13
301,925.00 5,200.00 X 0.00 5,200.00 0.00
13,752,974.06 236,865.00 X 0.00 0.00 236,865.00
33,685,830.31 580,165.00 X 580,165.00 0.00 0.00
6,586,029.38 113,430.00 X 0.00 0.00 113,430.00
2,600,619.38 44,790.00 X 44,790.00 0.00 0.00
DUKE POWER CO 264399106 739,968.75
739,968.75 13,500.00 X 13,500.00 0.00 0.00
EASTMAN KODAK 277461109 677,075.00
677,075.00 10,600.00 X 10,600.00 0.00 0.00
EATON 278058102 264,550.00
264,550.00 3,700.00 X 3,700.00 0.00 0.00
EDISON INTERNATIONAL 281020107 313,725.00
313,725.00 14,100.00 X 14,100.00 0.00 0.00
EMERSON ELECTRIC 291011104 65,963,724.74
365,268.75 6,900.00 X 0.00 6,900.00 0.00
16,388,285.36 309,578.00 X 0.00 0.00 309,578.00
38,772,483.75 732,420.00 X 732,420.00 0.00 0.00
2,182,613.13 41,230.00 X 41,230.00 0.00 0.00
7,734,168.75 146,100.00 X 0.00 0.00 146,100.00
520,905.00 9,840.00 X 0.00 0.00 9,840.00
ENRON 293561106 642,500.00
642,500.00 10,000.00 X 10,000.00 0.00 0.00
EXXON 302290101 109,088,143.19
571,556.25 8,100.00 X 0.00 8,100.00 0.00
25,177,829.00 356,816.00 X 0.00 0.00 356,816.00
64,720,136.69 917,203.00 X 917,203.00 0.00 0.00
11,854,500.00 168,000.00 X 0.00 0.00 168,000.00
5,997,812.50 85,000.00 X 85,000.00 0.00 0.00
766,308.75 10,860.00 X 0.00 0.00 10,860.00
FPL GROUP 302571104 394,050.00
394,050.00 7,400.00 X 7,400.00 0.00 0.00
FED HM LN MTG CORP 313400301 1,627,675.00
252,175.00 4,400.00 X 0.00 0.00 4,400.00
1,375,500.00 24,000.00 X 24,000.00 0.00 0.00
FED NATL MTG ASSN 313586109 117,575,420.00
28,682,657.50 414,190.00 X 0.00 0.00 414,190.00
70,524,892.50 1,018,410.00 X 1,018,410.00 0.00 0.00
484,750.00 7,000.00 X 0.00 7,000.00 0.00
12,700,450.00 183,400.00 X 0.00 0.00 183,400.00
4,330,202.50 62,530.00 X 62,530.00 0.00 0.00
852,467.50 12,310.00 X 0.00 0.00 12,310.00
FEDERATED DEPT STORES 31410H101 284,887.50
284,887.50 7,100.00 X 7,100.00 0.00 0.00
FIRST DATA 319963104 641,250.00
641,250.00 15,000.00 X 15,000.00 0.00 0.00
FIRST UNION 337358105 1,258,666.88
1,258,666.88 23,554.00 X 23,554.00 0.00 0.00
FLEET FINANCIAL GROUP 338915101 771,312.50
632,100.00 16,800.00 X 16,800.00 0.00 0.00
139,212.50 3,700.00 X 3,700.00 0.00 0.00
FORD MOTOR 345370100 3,871,756.25
272,100.00 4,800.00 X 0.00 0.00 4,800.00
3,599,656.25 63,500.00 X 63,500.00 0.00 0.00
GTE 362320103 3,049,200.00
260,150.00 4,300.00 X 0.00 0.00 4,300.00
2,789,050.00 46,100.00 X 46,100.00 0.00 0.00
GENERAL ELECTRIC 369604103 127,043,520.00
725,700.00 6,560.00 X 0.00 6,560.00 0.00
31,372,696.88 283,595.00 X 0.00 0.00 283,595.00
76,010,548.13 687,101.00 X 687,101.00 0.00 0.00
13,193,137.50 119,260.00 X 0.00 0.00 119,260.00
5,741,437.50 51,900.00 X 51,900.00 0.00 0.00
GENERAL MOTORS 370442105 1,879,200.00
1,879,200.00 21,600.00 X 21,600.00 0.00 0.00
GEORGIA PACIFIC 373298108 49,927,185.00
252,450.00 3,400.00 X 0.00 3,400.00 0.00
12,298,027.50 165,630.00 X 0.00 0.00 165,630.00
29,940,570.00 403,240.00 X 403,240.00 0.00 0.00
5,672,700.00 76,400.00 X 0.00 0.00 76,400.00
1,351,350.00 18,200.00 X 18,200.00 0.00 0.00
412,087.50 5,550.00 X 0.00 0.00 5,550.00
GOODYEAR TIRE & RUBBER 382550101 264,006.25
264,006.25 5,300.00 X 5,300.00 0.00 0.00
GUIDANT 401698105 92,235,275.00
53,759,695.00 888,590.00 X 888,590.00 0.00 0.00
23,167,870.00 382,940.00 X 0.00 0.00 382,940.00
479,160.00 7,920.00 X 0.00 7,920.00 0.00
10,817,400.00 178,800.00 X 0.00 0.00 178,800.00
3,320,240.00 54,880.00 X 54,880.00 0.00 0.00
690,910.00 11,420.00 X 0.00 0.00 11,420.00
HARTFORD FINL SVCS 416515104 443,137.50
443,137.50 7,800.00 X 7,800.00 0.00 0.00
HEWLETT PACKARD 428236103 2,061,500.00
2,061,500.00 30,400.00 X 30,400.00 0.00 0.00
HOME DEPOT 437076102 93,723,600.00
22,302,930.00 358,280.00 X 0.00 0.00 358,280.00
54,235,935.00 871,260.00 X 871,260.00 0.00 0.00
548,422.50 8,810.00 X 0.00 8,810.00 0.00
4,201,875.00 67,500.00 X 67,500.00 0.00 0.00
11,678,100.00 187,600.00 X 0.00 0.00 187,600.00
756,337.50 12,150.00 X 0.00 0.00 12,150.00
HOME DEPOT CONV 437076AE2 9,703,750.00
3,049,750.00 1,100,000.00 X 0.00 0.001,100,000.00
6,654,000.00 2,400,000.00 X 2,400,000.00 0.00 0.00
HONEYWELL 438506107 325,993.75
325,993.75 4,300.00 X 4,300.00 0.00 0.00
HOUSEHOLD INTERNATIONAL 441815107 479,062.50
479,062.50 10,500.00 X 10,500.00 0.00 0.00
HUBBELL CL B 443510201 52,814,320.00
31,613,520.00 790,338.00 X 790,338.00 0.00 0.00
268,000.00 6,700.00 X 0.00 6,700.00 0.00
13,029,680.00 325,742.00 X 0.00 0.00 325,742.00
5,884,000.00 147,100.00 X 0.00 0.00 147,100.00
1,614,400.00 40,360.00 X 40,360.00 0.00 0.00
404,720.00 10,118.00 X 0.00 0.00 10,118.00
INGERSOLL-RAND 456866102 66,060,303.75
411,391.25 8,290.00 X 0.00 8,290.00 0.00
18,668,428.75 376,190.00 X 0.00 0.00 376,190.00
44,324,057.50 893,180.00 X 893,180.00 0.00 0.00
2,086,731.25 42,050.00 X 42,050.00 0.00 0.00
569,695.00 11,480.00 X 0.00 0.00 11,480.00
INTEL 458140100 98,971,521.00
24,415,736.25 205,390.00 X 0.00 0.00 205,390.00
57,780,144.75 486,058.00 X 486,058.00 0.00 0.00
534,937.50 4,500.00 X 0.00 4,500.00 0.00
11,542,762.50 97,100.00 X 0.00 0.00 97,100.00
3,958,537.50 33,300.00 X 33,300.00 0.00 0.00
739,402.50 6,220.00 X 0.00 0.00 6,220.00
INTL BUSINESS MACHINES 459200101 125,227,125.00
74,579,710.00 420,760.00 X 420,760.00 0.00 0.00
694,820.00 3,920.00 X 0.00 3,920.00 0.00
31,385,657.50 177,070.00 X 0.00 0.00 177,070.00
12,868,350.00 72,600.00 X 0.00 0.00 72,600.00
4,661,675.00 26,300.00 X 26,300.00 0.00 0.00
1,036,912.50 5,850.00 X 0.00 0.00 5,850.00
INTL PAPER 460146103 430,312.50
430,312.50 10,200.00 X 10,200.00 0.00 0.00
KLA-TENCOR 482480100 2,224,162.50
344,793.75 7,100.00 X 0.00 0.00 7,100.00
1,879,368.75 38,700.00 X 38,700.00 0.00 0.00
KEYCORP NEW 493267108 448,625.00
448,625.00 14,800.00 X 14,800.00 0.00 0.00
KIMBERLY CLARK 494368103 29,913.00
29,913.00 624.00 X 0.00 0.00 624.00
KROGER 501044101 1,413,050.00
215,550.00 3,600.00 X 0.00 0.00 3,600.00
1,197,500.00 20,000.00 X 20,000.00 0.00 0.00
LG&E ENERGY 501917108 828,337.50
828,337.50 39,800.00 X 39,800.00 0.00 0.00
LILLY ELI 532457108 101,148,508.13
565,267.50 6,660.00 X 0.00 6,660.00 0.00
25,193,446.25 296,830.00 X 0.00 0.00 296,830.00
59,022,499.38 695,405.00 X 695,405.00 0.00 0.00
12,026,787.50 141,700.00 X 0.00 0.00 141,700.00
3,471,387.50 40,900.00 X 40,900.00 0.00 0.00
869,120.00 10,240.00 X 0.00 0.00 10,240.00
LINEAR TECH 535678106 79,533,850.00
45,898,475.00 895,580.00 X 895,580.00 0.00 0.00
381,300.00 7,440.00 X 0.00 7,440.00 0.00
19,453,475.00 379,580.00 X 0.00 0.00 379,580.00
9,159,400.00 178,720.00 X 0.00 0.00 178,720.00
4,044,650.00 78,920.00 X 78,920.00 0.00 0.00
596,550.00 11,640.00 X 0.00 0.00 11,640.00
LOCKHEED MARTIN 539830109 490,750.00
490,750.00 13,000.00 X 13,000.00 0.00 0.00
LOEWS 540424108 291,037.50
291,037.50 3,900.00 X 3,900.00 0.00 0.00
LOWES COMPANIES 548661107 713,900.00
713,900.00 11,800.00 X 11,800.00 0.00 0.00
LUCENT TECHNOLOGIES 549463107 399,600.00
399,600.00 3,700.00 X 3,700.00 0.00 0.00
MGIC INV 552848103 38,740,205.63
22,677,022.50 646,760.00 X 646,760.00 0.00 0.00
206,868.75 5,900.00 X 0.00 5,900.00 0.00
9,332,585.63 266,170.00 X 0.00 0.00 266,170.00
4,379,306.25 124,900.00 X 0.00 0.00 124,900.00
1,872,337.50 53,400.00 X 53,400.00 0.00 0.00
272,085.00 7,760.00 X 0.00 0.00 7,760.00
MARSH & MCLENNAN 571748102 556,875.00
556,875.00 7,500.00 X 7,500.00 0.00 0.00
MASCO 574599106 418,100.00
418,100.00 14,800.00 X 14,800.00 0.00 0.00
MAXIM INTEGRATED PROD 57772K101 73,325,843.75
385,911.25 7,130.00 X 0.00 7,130.00 0.00
18,348,916.25 339,010.00 X 0.00 0.00 339,010.00
43,430,441.25 802,410.00 X 802,410.00 0.00 0.00
8,070,037.50 149,100.00 X 0.00 0.00 149,100.00
2,531,426.25 46,770.00 X 46,770.00 0.00 0.00
559,111.25 10,330.00 X 0.00 0.00 10,330.00
MAY DEPT STORES 577778103 575,137.50
575,137.50 14,700.00 X 14,700.00 0.00 0.00
MCDONALDS 580135101 1,957,500.00
1,957,500.00 43,200.00 X 43,200.00 0.00 0.00
MEAD 582834107 1,817,325.00
279,825.00 9,100.00 X 0.00 0.00 9,100.00
1,537,500.00 50,000.00 X 50,000.00 0.00 0.00
MEDTRONIC 585055106 43,416,065.27
272,909.59 3,797.00 X 0.00 3,797.00 0.00
10,896,756.57 151,607.05 X 0.00 0.00 151,607.05
25,134,897.58 349,702.92 X 349,702.92 0.00 0.00
5,228,837.25 72,749.04 X 0.00 0.00 72,749.04
1,543,198.66 21,470.59 X 21,470.59 0.00 0.00
339,465.63 4,723.00 X 0.00 0.00 4,723.00
MELLON BANK CORP 585509102 605,225.00
605,225.00 8,600.00 X 8,600.00 0.00 0.00
MERCK 589331107 146,817,204.00
812,467.50 10,140.00 X 0.00 10,140.00 0.00
36,712,473.75 458,190.00 X 0.00 0.00 458,190.00
86,301,195.25 1,077,082.00 X 1,077,082.00 0.00 0.00
4,487,000.00 56,000.00 X 56,000.00 0.00 0.00
17,403,150.00 217,200.00 X 0.00 0.00 217,200.00
1,100,917.50 13,740.00 X 0.00 0.00 13,740.00
MERRILL LYNCH & CO INC 590188108 964,650.00
964,650.00 10,900.00 X 10,900.00 0.00 0.00
MICROSOFT 594918104 175,645,282.50
973,327.50 10,860.00 X 0.00 10,860.00 0.00
44,258,617.50 493,820.00 X 0.00 0.00 493,820.00
103,203,187.50 1,151,500.00 X 1,151,500.00 0.00 0.00
18,677,850.00 208,400.00 X 0.00 0.00 208,400.00
7,044,525.00 78,600.00 X 78,600.00 0.00 0.00
1,487,775.00 16,600.00 X 0.00 0.00 16,600.00
MOBIL 607059102 113,783,120.00
616,000.00 7,000.00 X 0.00 7,000.00 0.00
28,234,800.00 320,850.00 X 0.00 0.00 320,850.00
68,676,080.00 780,410.00 X 780,410.00 0.00 0.00
13,156,000.00 149,500.00 X 0.00 0.00 149,500.00
2,138,400.00 24,300.00 X 24,300.00 0.00 0.00
961,840.00 10,930.00 X 0.00 0.00 10,930.00
MORGAN J P 616880100 727,912.50
727,912.50 5,900.00 X 5,900.00 0.00 0.00
MORGAN STANLEY DEAN WITT 617446448 1,479,075.00
1,479,075.00 14,800.00 X 14,800.00 0.00 0.00
MOTOROLA 620076109 1,333,150.00
1,333,150.00 18,200.00 X 18,200.00 0.00 0.00
NABORS INDUSTRIES 629568106 860,268.75
132,768.75 7,300.00 X 0.00 0.00 7,300.00
727,500.00 40,000.00 X 40,000.00 0.00 0.00
NATIONAL CITY 635405103 3,088,959.75
301,209.75 4,538.00 X 4,538.00 0.00 0.00
2,787,750.00 42,000.00 X 42,000.00 0.00 0.00
NIKE CL B 654106103 565,337.50
565,337.50 9,800.00 X 9,800.00 0.00 0.00
NORFOLK SOUTHERN 655844108 334,962.50
334,962.50 12,700.00 X 12,700.00 0.00 0.00
NORTHROP GRUMMAN CORP 666807102 131,725.00
131,725.00 2,200.00 X 2,200.00 0.00 0.00
OCCIDENTAL PETE CORP 674599105 205,200.00
205,200.00 11,400.00 X 11,400.00 0.00 0.00
PG&E 69331C108 469,043.75
469,043.75 15,100.00 X 15,100.00 0.00 0.00
PMI GROUP 69344M101 32,064,927.13
153,037.50 3,300.00 X 0.00 3,300.00 0.00
7,780,936.63 167,783.00 X 0.00 0.00 167,783.00
18,619,284.25 401,494.00 X 401,494.00 0.00 0.00
4,094,912.50 88,300.00 X 0.00 0.00 88,300.00
1,168,650.00 25,200.00 X 25,200.00 0.00 0.00
248,106.25 5,350.00 X 0.00 0.00 5,350.00
PNC FINANCIAL 693475105 3,172,618.75
561,181.25 10,100.00 X 10,100.00 0.00 0.00
2,611,437.50 47,000.00 X 47,000.00 0.00 0.00
P P G INDS INC 693506107 307,500.00
307,500.00 6,000.00 X 6,000.00 0.00 0.00
PENNEY J C 708160106 340,200.00
340,200.00 8,400.00 X 8,400.00 0.00 0.00
PHARMACIA & UPJOHN INC 716941109 1,060,375.00
1,060,375.00 17,000.00 X 17,000.00 0.00 0.00
PHILIP MORRIS 718154107 50,533,119.67
362,079.38 10,290.00 X 0.00 10,290.00 0.00
3,829,455.63 108,830.00 X 0.00 0.00 108,830.00
35,591,803.42 1,011,489.97 X 1,011,489.97 0.00 0.00
7,699,025.00 218,800.00 X 0.00 0.00 218,800.00
3,050,756.25 86,700.00 X 86,700.00 0.00 0.00
PHILLIPS PETROLEUM 718507106 9,450.00
4,725.00 100.00 X 0.00 0.00 100.00
4,725.00 100.00 X 0.00 0.00 100.00
PITNEY BOWES 724479100 54,917,437.50
13,532,850.00 212,280.00 X 0.00 0.00 212,280.00
31,790,212.50 498,670.00 X 498,670.00 0.00 0.00
280,500.00 4,400.00 X 0.00 4,400.00 0.00
6,406,875.00 100,500.00 X 0.00 0.00 100,500.00
2,416,125.00 37,900.00 X 37,900.00 0.00 0.00
490,875.00 7,700.00 X 0.00 0.00 7,700.00
PRAXAIR 74005P104 45,935,691.25
227,193.75 6,300.00 X 0.00 6,300.00 0.00
11,402,962.50 316,200.00 X 0.00 0.00 316,200.00
27,286,690.63 756,650.00 X 756,650.00 0.00 0.00
5,268,370.63 146,090.00 X 0.00 0.00 146,090.00
1,381,193.75 38,300.00 X 38,300.00 0.00 0.00
369,280.00 10,240.00 X 0.00 0.00 10,240.00
PROCTER & GAMBLE 742718109 71,014,970.94
387,832.50 3,960.00 X 0.00 3,960.00 0.00
17,212,515.63 175,750.00 X 0.00 0.00 175,750.00
41,382,021.56 422,535.00 X 422,535.00 0.00 0.00
4,451,259.38 45,450.00 X 45,450.00 0.00 0.00
7,043,665.00 71,920.00 X 0.00 0.00 71,920.00
537,676.88 5,490.00 X 0.00 0.00 5,490.00
PULTE 745867101 1,182,150.00
183,150.00 8,800.00 X 0.00 0.00 8,800.00
999,000.00 48,000.00 X 48,000.00 0.00 0.00
R&B FALCON 7.49E+105 306,187.50
47,437.50 5,500.00 X 0.00 0.00 5,500.00
258,750.00 30,000.00 X 30,000.00 0.00 0.00
RAYTHEON CL B 755111408 469,000.00
469,000.00 8,000.00 X 8,000.00 0.00 0.00
ROCKWELL INTL 773903109 297,062.50
297,062.50 7,000.00 X 7,000.00 0.00 0.00
ROYAL DUTCH PETROLEUM NY S780257804 4,648,800.00
244,400.00 4,700.00 X 0.00 0.00 4,700.00
4,404,400.00 84,700.00 X 84,700.00 0.00 0.00
SAFEWAY 786514208 46,268,224.69
11,279,257.19 219,815.00 X 0.00 0.00 219,815.00
26,447,488.75 515,420.00 X 515,420.00 0.00 0.00
245,786.88 4,790.00 X 0.00 4,790.00 0.00
6,044,612.50 117,800.00 X 0.00 0.00 117,800.00
1,899,588.75 37,020.00 X 37,020.00 0.00 0.00
351,490.63 6,850.00 X 0.00 0.00 6,850.00
SCHERING PLOUGH 806605101 97,622,330.00
55,884,270.00 1,011,480.00 X 1,011,480.00 0.00 0.00
541,450.00 9,800.00 X 0.00 9,800.00 0.00
23,824,905.00 431,220.00 X 0.00 0.00 431,220.00
11,303,045.00 204,580.00 X 0.00 0.00 204,580.00
5,326,100.00 96,400.00 X 96,400.00 0.00 0.00
742,560.00 13,440.00 X 0.00 0.00 13,440.00
SCHLUMBERGER 806857108 78,291,839.81
382,190.63 6,350.00 X 0.00 6,350.00 0.00
19,023,162.19 316,065.00 X 0.00 0.00 316,065.00
46,775,558.25 777,164.00 X 777,164.00 0.00 0.00
8,853,581.25 147,100.00 X 0.00 0.00 147,100.00
2,699,409.38 44,850.00 X 44,850.00 0.00 0.00
557,938.13 9,270.00 X 0.00 0.00 9,270.00
SEAGRAM LTD CDA 811850106 420,000.00
420,000.00 8,400.00 X 8,400.00 0.00 0.00
SEARS ROEBUCK 812387108 591,956.25
591,956.25 13,100.00 X 13,100.00 0.00 0.00
SERVICE CORP INTL 817565104 119,700.00
119,700.00 8,400.00 X 8,400.00 0.00 0.00
SHERWIN WILLIAMS 824348106 52,874,859.38
31,629,234.38 1,124,595.00 X 1,124,595.00 0.00 0.00
278,437.50 9,900.00 X 0.00 9,900.00 0.00
13,075,031.25 464,890.00 X 0.00 0.00 464,890.00
5,878,125.00 209,000.00 X 0.00 0.00 209,000.00
1,609,031.25 57,210.00 X 57,210.00 0.00 0.00
405,000.00 14,400.00 X 0.00 0.00 14,400.00
SIGMA ALDRICH 826552101 61,638,232.50
333,450.00 11,400.00 X 0.00 11,400.00 0.00
15,370,290.00 525,480.00 X 0.00 0.00 525,480.00
36,458,662.50 1,246,450.00 X 1,246,450.00 0.00 0.00
7,139,925.00 244,100.00 X 0.00 0.00 244,100.00
1,787,175.00 61,100.00 X 61,100.00 0.00 0.00
548,730.00 18,760.00 X 0.00 0.00 18,760.00
SOUTHERN COMPANY 842587107 587,475.00
587,475.00 25,200.00 X 25,200.00 0.00 0.00
SPRINT 852061100 3,718,937.50
3,365,687.50 34,300.00 X 34,300.00 0.00 0.00
353,250.00 3,600.00 X 0.00 0.00 3,600.00
SUMMIT BANCORP 866005101 230,100.00
230,100.00 5,900.00 X 5,900.00 0.00 0.00
SUNTRUST BANKS 867914103 441,975.00
441,975.00 7,100.00 X 7,100.00 0.00 0.00
TENET HEALTHCARE 88033G100 195,056.25
195,056.25 10,300.00 X 10,300.00 0.00 0.00
TERADYNE 880770102 74,831,923.13
393,941.25 7,220.00 X 0.00 7,220.00 0.00
18,693,658.13 342,610.00 X 0.00 0.00 342,610.00
43,174,215.00 791,280.00 X 791,280.00 0.00 0.00
8,659,068.75 158,700.00 X 0.00 0.00 158,700.00
3,361,595.63 61,610.00 X 61,610.00 0.00 0.00
549,444.38 10,070.00 X 0.00 0.00 10,070.00
TEXACO 881694103 71,367,097.50
374,550.00 6,600.00 X 0.00 6,600.00 0.00
16,931,362.50 298,350.00 X 0.00 0.00 298,350.00
41,664,715.00 734,180.00 X 734,180.00 0.00 0.00
7,871,225.00 138,700.00 X 0.00 0.00 138,700.00
4,000,875.00 70,500.00 X 70,500.00 0.00 0.00
524,370.00 9,240.00 X 0.00 0.00 9,240.00
TEXAS INSTRUMENTS 882508104 1,726,950.00
1,726,950.00 17,400.00 X 17,400.00 0.00 0.00
TEXAS UTILITIES 882848104 394,800.00
394,800.00 9,400.00 X 9,400.00 0.00 0.00
TEXTRON 883203101 425,562.50
425,562.50 5,500.00 X 5,500.00 0.00 0.00
TIME WARNER 887315109 2,181,025.00
2,181,025.00 30,800.00 X 30,800.00 0.00 0.00
TYCO INTERNATIONAL 902124106 71.75
71.75 1.00 X 1.00 0.00 0.00
USX-MARATHON GROUP NEW 902905827 11,476,025.00
33,000.00 1,200.00 X 0.00 1,200.00 0.00
1,566,400.00 56,960.00 X 0.00 0.00 56,960.00
4,085,400.00 148,560.00 X 148,560.00 0.00 0.00
4,505,050.00 163,820.00 X 0.00 0.00 163,820.00
1,252,075.00 45,530.00 X 45,530.00 0.00 0.00
34,100.00 1,240.00 X 0.00 0.00 1,240.00
UNION CARBIDE CORP 905581104 433,800.00
433,800.00 9,600.00 X 9,600.00 0.00 0.00
UNION PACIFIC 907818108 448,875.00
448,875.00 8,400.00 X 8,400.00 0.00 0.00
UNITED HEALTHCARE 910581107 331,537.50
331,537.50 6,300.00 X 6,300.00 0.00 0.00
UNITED TECHNOLOGIES 913017109 20,315.63
20,315.63 150.00 X 0.00 0.00 150.00
VIACOM CL B 925524308 847,768.75
847,768.75 10,100.00 X 10,100.00 0.00 0.00
WACHOVIA 929771103 430,293.75
430,293.75 5,300.00 X 5,300.00 0.00 0.00
WALMART STORES 931142103 90,021,093.75
507,031.25 5,500.00 X 0.00 5,500.00 0.00
22,611,750.00 245,280.00 X 0.00 0.00 245,280.00
52,415,046.88 568,570.00 X 568,570.00 0.00 0.00
10,767,500.00 116,800.00 X 0.00 0.00 116,800.00
2,894,687.50 31,400.00 X 31,400.00 0.00 0.00
825,078.13 8,950.00 X 0.00 0.00 8,950.00
WASHINGTON MUTUAL 939322103 412,837.50
412,837.50 10,100.00 X 10,100.00 0.00 0.00
WATERS COMPANY 941848103 1,187,206.25
1,187,206.25 11,300.00 X 11,300.00 0.00 0.00
WEYERHAEUSER 962166104 1,820,400.00
488,400.00 8,800.00 X 8,800.00 0.00 0.00
1,332,000.00 24,000.00 X 24,000.00 0.00 0.00
WHIRLPOOL 963320106 320,812.50
320,812.50 5,900.00 X 5,900.00 0.00 0.00
WILLAMETTE INDS 969133107 61,732,952.50
14,994,677.50 397,210.00 X 0.00 0.00 397,210.00
36,841,735.00 975,940.00 X 975,940.00 0.00 0.00
320,875.00 8,500.00 X 0.00 8,500.00 0.00
6,890,130.00 182,520.00 X 0.00 0.00 182,520.00
2,208,752.50 58,510.00 X 58,510.00 0.00 0.00
476,782.50 12,630.00 X 0.00 0.00 12,630.00
XILINX 983919101 72,791,434.38
405,625.00 10,000.00 X 0.00 10,000.00 0.00
18,686,332.50 460,680.00 X 0.00 0.00 460,680.00
43,847,656.88 1,080,990.00 X 1,080,990.00 0.00 0.00
9,004,875.00 222,000.00 X 0.00 0.00 222,000.00
266,090.00 6,560.00 X 6,560.00 0.00 0.00
580,855.00 14,320.00 X 0.00 0.00 14,320.00
XEROX 984121103 48,892,207.50
247,593.75 4,750.00 X 0.00 4,750.00 0.00
10,998,375.00 211,000.00 X 0.00 0.00 211,000.00
26,384,632.50 506,180.00 X 506,180.00 0.00 0.00
8,538,075.00 163,800.00 X 0.00 0.00 163,800.00
2,389,410.00 45,840.00 X 45,840.00 0.00 0.00
334,121.25 6,410.00 X 0.00 0.00 6,410.00
4,554,139,373.83
</TABLE>
