UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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: Train, Smith Counsel LLC
Address: 667 Madison Avenue
New York, NY 10021
Form 13F File Number: 28-02669
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: John H. Rogicki
Title: Member and Chief Operating Officer
Phone: 212-451-3400
Signature, Place, and Date of Signing:
/s/ John H. Rogicki New York, New York 11/15/99
- ------------------------------- ------------------------------ ------------
(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.)
[ ] 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
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 247
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Form 13F Information Table Value Total: $733,877,970.00
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List of Other Included Managers: NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
REPORTING MANAGER:
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COMMON 002824100 $ 2,697,339.00 73,522.00 N X 68682 0 4840
ABBOTT LABS COMMON 002824100 $ 1,212,742.00 33,056.00 N X 24800 0 8256
ATLANTIC COAST AIRLINES COMMON 048396105 $ 213,000.00 12,000.00 N X 12000 0 0
ADVENT SOFTWARE, INC. COMMON 007974108 $ 2,879,063.00 46,250.00 N X 32950 0 13300
ADVENT SOFTWARE, INC. COMMON 007974108 $ 9,338.00 150.00 N X 150 0 0
AMERICAN GENERAL CORP COMMON 026351106 $ 395,186.00 6,248.00 N X 6248 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 $ 3,640,629.00 87,726.00 N X 53926 0 33800
AMERICAN HOME PRODS CORP COMMON 026609107 $ 996,000.00 24,000.00 N X 21100 0 2900
ASHTEAD GROUP PLC COMMON OA0053673 $ 178,800.00 60,000.00 N X 60000 0 0
AMERICAN INTL GROUP INC COMMON 026874107 $16,744,511.00 192,604.00 N X 156971 0 35633
AMERICAN INTL GROUP INC COMMON 026874107 $ 4,662,979.00 53,636.00 N X 48778 0 4858
AMERITECH CORP NEW COMMON 030954101 $ 32,841.00 492.00 N X 492 0 0
AMERITECH CORP NEW COMMON 030954101 $ 485,940.00 7,280.00 N X 7280 0 0
ALBEMARLE CORP COMMON 012653101 $ 301,875.00 15,000.00 N X 15000 0 0
AMGEN INC OTC 031162100 $ 1,719,650.00 21,100.00 N X 16200 0 4900
AMGEN INC OTC 031162100 $ 831,300.00 10,200.00 N X 6500 0 3700
AMERICA ONLINE INC COMMON 02364J104 $ 1,701,422.00 16,350.00 N X 10800 0 5550
AMERICA ONLINE INC COMMON 02364J104 $ 234,141.00 2,250.00 N X 1200 0 1050
ARCHSTONE COMMUNITIES TRUST COMMON 039581103 $ 371,972.00 18,834.00 N X 15500 0 3334
ARCHSTONE COMMUNITIES TRUST COMMON 039581103 $ 258,725.00 13,100.00 N X 13100 0 0
AT HOME CORPORATION COMMON 045919107 $ 379,402.00 9,156.00 N X 9156 0 0
AT HOME CORPORATION COMMON 045919107 $ 8,619.00 208.00 N X 208 0 0
AUTOMATIC DATA PROCESSING COMMON 053015103 $ 17,850.00 400.00 N X 0 0 400
AUTOMATIC DATA PROCESSING COMMON 053015103 $ 553,350.00 12,400.00 N X 12400 0 0
AVERY DENNISON CORP COMMON 053611109 $ 253,200.00 4,800.00 N X 4800 0 0
AXA FINANCIALS INC COMMON 002451102 $ 2,735.00 49.00 N X 21 0 28
AXA FINANCIALS INC COMMON 002451102 $ 446,500.00 8,000.00 N X 8000 0 0
AMERICAN EXPRESS CO COMMON 025816109 $ 270,000.00 2,000.00 N X 1800 0 200
AMERICAN EXPRESS CO COMMON 025816109 $ 1,107,270.00 8,202.00 N X 7000 0 1202
ASPEN TECHNOLOGIES, INC. OTC 045327103 $ 155,025.00 15,900.00 N X 5200 0 10700
ASPEN TECHNOLOGIES, INC. OTC 045327103 $ 333,450.00 34,200.00 N X 32500 0 1700
BCE INC COMMON 05534B109 $ 498,125.00 10,000.00 N X 10000 0 0
BELL ATLANTIC CORP COMMON 077853109 $ 8,645,213.00 128,434.00 N X 93684 0 34750
BELL ATLANTIC CORP COMMON 077853109 $ 3,539,157.00 52,578.00 N X 44378 0 8200
BESTFOODS INC. COMMON 08658U101 $ 407,925.00 8,400.00 N X 8400 0 0
BANGOR HYDRO-ELECTRIC COMP COMMON 060077104 $ 165,000.00 10,000.00 N X 10000 0 0
BANK NEW YORK INC COMMON 064057102 $ 177,888.00 5,320.00 N X 3320 0 2000
BANK NEW YORK INC COMMON 064057102 $ 40,125.00 1,200.00 N X 1200 0 0
BELLSOUTH CORP COMMON 079860102 $ 247,500.00 5,500.00 N X 5500 0 0
BMC SOFTWARE INC OTC 055921100 $ 765,719.00 10,700.00 N X 0 0 10700
BRISTOL MYERS SQUIBB CO COMMON 110122108 $ 7,860,375.00 116,450.00 N X 61230 0 55220
BRISTOL MYERS SQUIBB CO COMMON 110122108 $ 3,604,500.00 53,400.00 N X 41500 0 11900
BP AMOCO PLC COMMON 055622104 $ 147,270.00 1,329.00 N X 1329 0 0
BP AMOCO PLC COMMON 055622104 $ 1,426,933.00 12,877.00 N X 2513 0 10364
BP PRUDHOE BAY ROYALTY TRU COMMON 055630107 $ 187,000.00 17,000.00 N X 17000 0 0
BROADCOM CORP-CL A COMMON 111320107 $ 359,700.00 3,300.00 N X 0 0 3300
BERKSHIRE HATHAWAY INC DEL COMMON 084670108 $ 275,000.00 5.00 N X 4 0 1
BERKSHIRE HATHAWAY INC DEL COMMON 084670108 $ 165,000.00 3.00 N X 3 0 0
ANHEUSER BUSCH COS INC COMMON 035229103 $ 350,313.00 5,000.00 N X 5000 0 0
CITIGROUP, INC. COMMON 172967101 $ 152,196.00 3,459.00 N X 3459 0 0
CITIGROUP, INC. COMMON 172967101 $ 594,000.00 13,500.00 N X 10500 0 3000
COMPUTER ASSOC INTL INC COMMON 204912109 $14,111,318.00 230,860.00 N X 179525 0 51335
COMPUTER ASSOC INTL INC COMMON 204912109 $12,948,354.00 211,834.00 N X 183212 0 28622
CARREFOUR SA (EUR) 2.5 COMMON F13923119 $ 264,564.00 1,800.00 N X 1800 0 0
CARLTON COMM PLC- SPONS AD OTC 142872209 $ 310,000.00 8,000.00 N X 8000 0 0
CHEVRON CORP COMMON 166751107 $ 97,625.00 1,100.00 N X 1000 0 100
CHEVRON CORP COMMON 166751107 $ 528,063.00 5,950.00 N X 5550 0 400
CHASE MANHATTAN BANK NEW COMMON 16161A108 $ 172,458.00 2,288.00 N X 1288 0 1000
CHASE MANHATTAN BANK NEW COMMON 16161A108 $ 156,629.00 2,078.00 N X 2030 0 48
COMCAST CORP CL A SPL OTC 200300200 $ 631,301.00 15,832.00 N X 15832 0 0
CNF TRANSPORTATION COMMON 12612W104 $ 372,500.00 10,000.00 N X 10000 0 0
CONOCO INC. CL B COMMON 208251405 $ 322,905.00 11,796.00 N X 11796 0 0
CONOCO INC. CL B COMMON 208251405 $ 50,370.00 1,840.00 N X 1106 0 734
COSTCO WHOLESALE CORPORATION OTC 22160K105 $ 576,000.00 8,000.00 N X 8000 0 0
COMPUWARE CORP COMMON 205638109 $ 299,719.00 11,500.00 N X 800 0 10700
COMPUTER SCIENCES CORP COMMON 205363104 $ 748,406.00 10,644.00 N X 1344 0 9300
CISCO SYS INC OTC 17275R102 $ 3,679,064.00 53,660.00 N X 4900 0 48760
CISCO SYS INC OTC 17275R102 $ 3,541,802.00 51,658.00 N X 47050 0 4608
DOUBLECLICK INC COMMON 258609304 $ 405,025.00 3,400.00 N X 3400 0 0
DU PONT E I DE NEMOURS CO COMMON 263534109 $ 2,478,625.00 40,969.00 N X 37219 0 3750
DU PONT E I DE NEMOURS CO COMMON 263534109 $26,373,161.00 435,920.00 N X 2225 0 433695
DELL COMPUTER CORP. COMMON 247025109 $ 8,155,528.00 195,050.00 N X 115200 0 79850
DELL COMPUTER CORP. COMMON 247025109 $ 886,426.00 21,200.00 N X 9000 0 12200
DAYTON HUDSON CORP COMMON 239753106 $ 324,338.00 5,400.00 N X 5400 0 0
DISNEY WALT CO. COMMON 254687106 $14,106,222.00 542,547.00 N X 470157 0 72390
DISNEY WALT CO. COMMON 254687106 $10,877,178.00 418,353.00 N X 369016 0 49337
DOVER CORP COMMON 260003108 $ 327,000.00 8,000.00 N X 8000 0 0
DENDRITE INTERNATIONAL INC OTC 248239105 $ 472,500.00 10,000.00 N X 10000 0 0
DENDRITE INTERNATIONAL INC OTC 248239105 $ 66,150.00 1,400.00 N X 0 0 1400
DST SYSTEMS, INC. COMMON 233326107 $14,482,992.00 254,646.00 N X 183202 0 71444
DST SYSTEMS, INC. COMMON 233326107 $ 3,503,046.00 61,592.00 N X 42940 0 18652
EMC CORP/MASS COMMON 268648102 $12,729,160.00 178,342.00 N X 95750 0 82592
EMC CORP/MASS COMMON 268648102 $ 1,784,376.00 25,000.00 N X 11700 0 13300
EMERSON ELEC CO COMMON 291011104 $ 1,276,388.00 20,200.00 N X 1000 0 19200
VIVENDI (EX-GEN) DES EAUX COMMON 5687237 $ 218,850.00 3,000.00 N X 3000 0 0
FIRST DATA CORP COMMON 319963104 $14,681,803.00 334,628.00 N X 287879 0 46749
FIRST DATA CORP COMMON 319963104 $14,548,468.00 331,589.00 N X 274673 0 56916
FAIR, ISAAC & CO COMMON 303250104 $ 221,694.00 7,900.00 N X 5100 0 2800
FAIR, ISAAC & CO COMMON 303250104 $ 855,907.00 30,500.00 N X 21500 0 9000
FEDERAL NAT MORTGAGE ASSN. COMMON 313586109 $ 1,148,749.00 18,325.00 N X 5800 0 12525
FEDERAL NAT MORTGAGE ASSN. COMMON 313586109 $ 94,031.00 1,500.00 N X 0 0 1500
FIRST UNION CORP COMMON 337358105 $ 28,500.00 800.00 N X 0 0 800
FIRST UNION CORP COMMON 337358105 $ 206,411.00 5,794.00 N X 5536 0 258
GILLETTE CO COMMON 375766102 $ 8,071,661.00 237,839.00 N X 183950 0 53889
GILLETTE CO COMMON 375766102 $ 3,536,967.00 104,220.00 N X 78020 0 26200
GANNETT INC DEL COMMON 364730101 $ 19,788.00 286.00 N X 286 0 0
GANNETT INC DEL COMMON 364730101 $ 342,340.00 4,948.00 N X 4948 0 0
GENERAL ELEC CO COMMON 369604103 $ 3,104,915.00 26,188.00 N X 18844 0 7344
GENERAL ELEC CO COMMON 369604103 $ 6,167,147.00 52,016.00 N X 48516 0 3500
GRAHAM FIELD HEALTH PRODUC COMMON 384632105 $ 5,145.00 10,500.00 N X 10500 0 0
GENERAL MTRS CORP COMMON 370442105 $ 302,226.00 4,802.00 N X 4802 0 0
GENERAL MTRS CORP COMMON 370442105 $ 512,941.00 8,150.00 N X 0 0 8150
GOLDMAN SACHS GROUP INC COMMON 38141G104 $ 341,600.00 5,600.00 N X 5600 0 0
GOLDMAN SACHS GROUP INC COMMON 38141G104 $ 6,100.00 100.00 N X 100 0 0
N/A 5,000.00 P X 5000 0 0
GTE CORP COMMON 362320103 $ 1,031,971.00 13,424.00 N X 11324 0 2100
HOME DEPOT INC COMMON 437076102 $ 871,538.00 12,700.00 N X 10000 0 2700
HOME DEPOT INC COMMON 437076102 $ 247,050.00 3,600.00 N X 3000 0 600
HUMAN GENOME SCIENCES INC OTC 444903108 $ 295,000.00 4,000.00 N X 4000 0 0
HARTE-HANKS, INC. COMMON 416196103 $46,756,237.00 1,856,327.00 N X 1474055 0 382272
HARTE-HANKS, INC. COMMON 416196103 $25,338,423.00 1,005,992.00 N X 893942 0 112050
HUBBELL HARVEY INC CLASS B COMMON 443510201 $ 37,294.00 1,170.00 N X 1170 0 0
HUBBELL HARVEY INC CLASS B COMMON 443510201 $ 217,037.00 6,809.00 N X 6409 0 400
HEWLETT PACKARD CO COMMON 428236103 $ 720,101.00 7,935.00 N X 6600 0 1335
HEWLETT PACKARD CO COMMON 428236103 $ 1,063,590.00 11,720.00 N X 11200 0 520
INTERNATIONAL BUSINESS MAC COMMON 459200101 $ 2,853,664.00 23,584.00 N X 23484 0 100
INTERNATIONAL BUSINESS MAC COMMON 459200101 $ 1,040,600.00 8,600.00 N X 8600 0 0
INTERNATIONAL NETWORK SERV COMMON 460053101 $ 744,938.00 13,700.00 N X 0 0 13700
INTEL CORP OTC 458140100 $31,998,963.00 430,600.00 N X 315625 0 114975
INTEL CORP OTC 458140100 $10,287,080.00 138,430.00 N X 108050 0 30380
I2 TECHNOLOGIES CORP. COMMON 465754109 $ 780,131.00 20,100.00 N X 800 0 19300
JOHNSON & JOHNSON COMMON 478160104 $ 2,394,446.00 26,062.00 N X 24608 0 1454
JOHNSON & JOHNSON COMMON 478160104 $ 3,636,780.00 39,584.00 N X 33184 0 6400
MORGAN J.P. & CO INC COMMON 616880100 $ 437,349.00 3,828.00 N X 1400 0 2428
MORGAN J.P. & CO INC COMMON 616880100 $ 1,707,581.00 14,946.00 N X 14446 0 500
KIMBERLY CLARK CORP COMMON 494368103 $ 224,188.00 4,250.00 N X 4250 0 0
COCA COLA CO COMMON 191216100 $ 1,851,932.00 38,382.00 N X 36682 0 1700
COCA COLA CO COMMON 191216100 $ 389,860.00 8,080.00 N X 3000 0 5080
LYCOS INC COMMON 550818108 $ 531,325.00 10,600.00 N X 10600 0 0
LILLY, ELI AND COMPANY COMMON 532457108 $ 243,142.00 3,788.00 N X 3788 0 0
LILLY, ELI AND COMPANY COMMON 532457108 $ 372,031.00 5,796.00 N X 5000 0 796
L'OREAL CO. ADR COMMON 502117203 $ 255,384.00 2,000.00 N X 2000 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 $ 1,189,808.00 18,340.00 N X 6300 0 12040
LUCENT TECHNOLOGIES INC COMMON 549463107 $ 434,663.00 6,700.00 N X 4764 0 1936
BANK TOKYO-MITSUBISHI LTD COMMON 065379109 $ 382,813.00 25,000.00 N X 25000 0 0
METROMEDIA FIBER NETWORK-A COMMON 591689104 $ 686,000.00 28,000.00 N X 28000 0 0
MCGRAW HILL INC COMMON 580645109 $ 433,634.00 8,964.00 N X 8964 0 0
MCGRAW HILL INC COMMON 580645109 $ 77,400.00 1,600.00 N X 0 0 1600
MINNESOTA MNG & MFG CO COMMON 604059105 $ 971,961.00 10,118.00 N X 9918 0 200
MINNESOTA MNG & MFG CO COMMON 604059105 $ 778,106.00 8,100.00 N X 8100 0 0
PHILIP MORRIS CO. INC. COMMON 718154107 $ 1,333,313.00 39,000.00 N X 39000 0 0
MOBIL CORP COMMON 607059102 $ 728,826.00 7,234.00 N X 6434 0 800
MOBIL CORP COMMON 607059102 $ 1,071,376.00 10,634.00 N X 8034 0 2600
MOTOROLA INC COMMON 620076109 $ 255,200.00 2,900.00 N X 2300 0 600
MERCK & CO INC COMMON 589331107 $ 8,858,702.00 136,682.00 N X 121582 0 15100
MERCK & CO INC COMMON 589331107 $ 4,273,218.00 65,932.00 N X 56738 0 9194
N/A 32.00 P X 32 0 0
MICROSOFT CORP OTC 594918104 $ 4,378,697.00 48,350.00 N X 13542 0 34808
MICROSOFT CORP OTC 594918104 $ 1,421,832.00 15,700.00 N X 9100 0 6600
MONSANTO CO COMMON 611662107 $ 233,575.00 6,545.00 N X 6545 0 0
MONSANTO CO COMMON 611662107 $ 35,688.00 1,000.00 N X 1000 0 0
MORGAN STANLEY DEAN WITTER COMMON 617446448 $ 1,284,300.00 14,400.00 N X 14400 0 0
NOMURA SECURITIES CO LTD COMMON OA6643108 $ 671,500.00 50,000.00 N X 50000 0 0
NOKIA CORP COMMON 654902204 $ 916,725.00 10,200.00 N X 0 0 10200
NOKIA CORP COMMON 654902204 $ 143,800.00 1,600.00 N X 0 0 1600
NIPPON TELEGRAPH & TELE COMMON OA6641373 $ 227,093.00 25.00 N X 25 0 0
NEWS COPR LTD ADR COMMON 652487703 $ 284,375.00 10,000.00 N X 10000 0 0
NEXTEL COMMUNICATIONS INC COMMON 65332V103 $ 542,500.00 8,000.00 N X 8000 0 0
OFFICE DEPOT INC COMMON 676220106 $ 157,500.00 15,000.00 N X 15000 0 0
ORACLE SYS CORP OTC 68389X105 $ 214,942.00 4,724.00 N X 4724 0 0
PAYCHEX INC. OTC 704326107 $ 1,583,401.00 46,400.00 N X 22500 0 23900
PEPSICO INC COMMON 713448108 $ 414,800.00 13,600.00 N X 10600 0 3000
PEPSICO INC COMMON 713448108 $ 1,765,950.00 57,900.00 N X 46400 0 11500
PFIZER INC COMMON 717081103 $ 579,381.00 16,150.00 N X 14200 0 1950
PFIZER INC COMMON 717081103 $ 1,050,133.00 29,272.00 N X 20672 0 8600
PROCTER & GAMBLE COMPANY COMMON 742718109 $ 610,688.00 6,514.00 N X 5580 0 934
PROCTER & GAMBLE COMPANY COMMON 742718109 $ 899,250.00 9,592.00 N X 8800 0 792
PIONEER HI-BRED INT'L. COMMON 723686101 $11,070,828.00 278,950.00 N X 216050 0 62900
PIONEER HI-BRED INT'L. COMMON 723686101 $ 5,931,297.00 149,450.00 N X 136000 0 13450
KONINKLIJKE PHILIPS ELEC. COMMON 500472204 $ 278,760.00 2,760.00 N X 2760 0 0
PROLOGIS TRUST COMMON 743410102 $ 419,026.00 22,200.00 N X 16100 0 6100
PROLOGIS TRUST COMMON 743410102 $ 2,089,463.00 110,700.00 N X 107200 0 3500
PRESIDENTIAL LIFE CORP OTC 740884101 $ 418,535.00 24,440.00 N X 0 0 24440
PRESIDENTIAL LIFE CORP OTC 740884101 $ 856,250.00 50,000.00 N X 0 0 50000
PNC BANK CORP PA COMMON 693475105 $ 237,094.00 4,500.00 N X 4500 0 0
QWEST COMMUNICATIONS INTL COMMON 749121109 $ 26,606.00 900.00 N X 800 0 100
QWEST COMMUNICATIONS INTL COMMON 749121109 $ 242,413.00 8,200.00 N X 8200 0 0
ROYAL DUTCH PETROLEUM PAR COMMON 780257804 $ 495,771.00 8,394.00 N X 8394 0 0
ROYAL DUTCH PETROLEUM PAR COMMON 780257804 $ 758,303.00 12,839.00 N X 10839 0 2000
TRANSOCEAN OFFSHORE INC. C COMMON G90076103 $ 245,000.00 8,000.00 N X 8000 0 0
TRANSOCEAN OFFSHORE INC. C COMMON G90076103 $ 287,875.00 9,400.00 N X 9400 0 0
REUTERS GROUP PLC ADR COMMON 76132M102 $ 2,336,516.00 33,924.00 N X 32219 0 1705
REUTERS GROUP PLC ADR COMMON 76132M102 $ 6,155,682.00 89,375.00 N X 79762 0 9613
SANMINA CORP. COMMON 800907107 $ 433,300.00 5,600.00 N X 0 0 5600
SBC COMMUNICATIONS, INC. COMMON 78387G103 $ 301,166.00 5,898.00 N X 5046 0 852
SBC COMMUNICATIONS, INC. COMMON 78387G103 $ 366,221.00 7,172.00 N X 5256 0 1916
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 $ 391,850.00 6,800.00 N X 6000 0 800
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 $ 345,750.00 6,000.00 N X 6000 0 0
SCHWAB (CHARLES) CORP. COMMON 808513105 $ 214,000.00 6,400.00 N X 6400 0 0
SCHERING PLOUGH CORP COMMON 806605101 $ 274,838.00 6,300.00 N X 6100 0 200
SCHERING PLOUGH CORP COMMON 806605101 $ 803,922.00 18,428.00 N X 16478 0 1950
TANGER FACTORY OUTLET CTRS COMMON 875465106 $ 228,125.00 10,000.00 N X 10000 0 0
TANGER FACTORY OUTLET CTRS COMMON 875465106 $ 75,281.00 3,300.00 N X 3300 0 0
SCHLUMBERGER COMMON 806857108 $ 210,741.00 3,382.00 N X 2548 0 834
SCHLUMBERGER COMMON 806857108 $ 791,369.00 12,700.00 N X 12000 0 700
SOLECTRON CORP COMMON 834182107 $72,068,655.00 1,003,567.00 N X 755249 0 248318
SOLECTRON CORP COMMON 834182107 $40,250,044.00 560,488.00 N X 459577 0 100911
N/A 1,000.00 P X 1000 0 0
CHARLES E SMITH RESIDENTIA COMMON 832197107 $ 1,343,569.00 39,300.00 N X 39300 0 0
STATE STREET CORP COMMON 857477103 $52,634,025.00 814,453.00 N X 651037 0 163416
STATE STREET CORP COMMON 857477103 $38,097,795.00 589,521.00 N X 519445 0 70076
SUN MICROSYSTEM INC OTC 866810104 $ 37,200.00 400.00 N X 0 0 400
SUN MICROSYSTEM INC OTC 866810104 $ 1,497,300.00 16,100.00 N X 0 0 16100
SAFEWAY INC COMMON 786514208 $ 304,500.00 8,000.00 N X 8000 0 0
SYKES ENTERPRISES INC COMMON 871237103 $ 7,059,391.00 285,950.00 N X 196550 0 89400
SYKES ENTERPRISES INC COMMON 871237103 $ 645,578.00 26,150.00 N X 15050 0 11100
AT & T CORP. COMMON 001957109 $ 261,000.00 6,000.00 N X 4500 0 1500
AT & T CORP. COMMON 001957109 $ 254,475.00 5,850.00 N X 3350 0 2500
ANDY CORP OMMON 875382103 $ 465,188.00 9,000.00 N X 9000 0 0
TECO ENERGY INC COMMON 872375100 $ 50,700.00 2,400.00 N X 2000 0 400
TECO ENERGY INC COMMON 872375100 $ 169,000.00 8,000.00 N X 0 0 8000
TRANSATLANTIC HOLDINGS INC COMMON 893521104 $ 281,000.00 4,000.00 N X 4000 0 0
TRANSACTION SYSTEMS ARCHIT COMMON 893416107 $16,459,702.00 611,033.00 N X 460773 0 150260
TRANSACTION SYSTEMS ARCHIT COMMON 893416107 $ 5,726,913.00 212,600.00 N X 177600 0 35000
TIME WARNER INC COMMON 887315109 $ 595,350.00 9,800.00 N X 9800 0 0
TIME WARNER INC COMMON 887315109 $ 668,250.00 11,000.00 N X 11000 0 0
TEXAS UTILS CO COMMON 882848104 $ 261,188.00 7,000.00 N X 7000 0 0
TEXAS UTILS CO COMMON 882848104 $ 74,625.00 2,000.00 N X 2000 0 0
TYCO INTERNATIONAL LTD COMMON 902124106 $ 497,253.00 4,816.00 N X 2382 0 2434
TYCO INTERNATIONAL LTD COMMON 902124106 $ 619,500.00 6,000.00 N X 6000 0 0
UNOCAL CORP COMMON 915289102 $ 214,963.00 5,800.00 N X 4400 0 1400
UNION PAC CORP COMMON 907818108 $ 288,375.00 6,000.00 N X 6000 0 0
UNION PAC CORP COMMON 907818108 $ 185,810.00 3,866.00 N X 3866 0 0
VALEO COMMON 0A4937579 $ 264,178.00 3,000.00 N X 3000 0 0
VODAFONE AIRTOUCH PLC COMMON 92857T107 $ 211,598.00 890.00 N X 650 0 240
VODAFONE AIRTOUCH PLC COMMON 92857T107 $ 95,100.00 400.00 N X 400 0 0
WALGREEN COMPANY COMMON 931422109 $ 1,644,300.00 64,800.00 N X 45000 0 19800
WALGREEN COMPANY COMMON 931422109 $ 2,416,106.00 95,216.00 N X 95216 0 0
WACHOVIA CORP NEW COMMON 929771103 $ 213,861.00 2,720.00 N X 2420 0 300
MCI WORLDCOM, INC. COMMON 55268B106 $ 154,532.00 2,150.00 N X 1700 0 450
MCI WORLDCOM, INC. COMMON 55268B106 $ 424,063.00 5,900.00 N X 5500 0 400
WARNER LAMBERT CO COMMON 934488107 $ 836,325.00 12,600.00 N X 12000 0 600
WARNER LAMBERT CO COMMON 934488107 $ 1,427,063.00 21,500.00 N X 21500 0 0
WASHINGTON MUTUAL INC. COMMON 939322103 $ 204,750.00 7,000.00 N X 7000 0 0
WILLIAMS COS INC COMMON 969457100 $ 391,300.00 10,400.00 N X 10000 0 400
WAL MART STORES INC COMMON 931142103 $ 1,522,000.00 32,000.00 N X 32000 0 0
WAL MART STORES INC COMMON 931142103 $ 47,563.00 1,000.00 N X 1000 0 0
WASHINGTON POST CO CL B COMMON 939640108 $ 765,000.00 1,500.00 N X 0 0 1500
WASHINGTON REAL ESTATE INV COMMON 939653101 $ 233,888.00 14,850.00 N X 14850 0 0
WEINGARTEN REALTY INC COM COMMON 948741103 $ 298,738.00 7,993.00 N X 7000 0 993
WHITE MOUNTAIN INSURANCE C COMMON G96412610 $ 203,438.00 1,500.00 N X 1500 0 0
XILINX INC OTC 983919101 $ 196,594.00 3,000.00 N X 3000 0 0
XILINX INC OTC 983919101 $ 209,700.00 3,200.00 N X 0 0 3200
EXXON CORP COMMON 302290101 $ 1,450,688.00 19,088.00 N X 16214 0 2874
EXXON CORP COMMON 302290101 $ 3,757,440.00 49,440.00 N X 25240 0 24200
YAHOO! INC COMMON 984332106 $ 143,600.00 800.00 N X 0 0 800
YAHOO! INC COMMON 984332106 $ 71,800.00 400.00 N X 400 0 0
====================================================================================================================================
Total: $733,877,970.00 15,279,780.00
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====================================================================================================================================
</TABLE>
