UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 2/7/00
- ------------------------------- ------------------------------ ------------
(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.)
[ ] 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: 248
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Form 13F Information Table Value Total: $821,734,053.00
------------------
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 MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL DISCRETION GERS
CLASS VALUE AMOUNT SOLE SHARED SHARED SOLE SHARED NONE
OTHER
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COMMON 2824100 1,559,477.00 42,946.00 N X 37,754.00 0 5,192.00
ABBOTT LABS COMMON 2824100 1,868,496.00 51,456.00 N X 23,200.00 0 28,256.00
ADVENT SOFTWARE, INC. COMMON 7974108 3,714,822.00 57,650.00 N X 37,650.00 0 20,000.00
ADVENT SOFTWARE, INC. COMMON 7974108 9,666.00 150.00 N X 150.00 0 0.00
ALBEMARLE CORP COMMON 12653101 191,875.00 10,000.00 N X 10,000.00 0 0.00
AMERICA ONLINE INC COMMON 02364J104 2,517,153.00 33,175.00 N X 20,600.00 0 12,575.00
AMERICA ONLINE INC COMMON 02364J104 341,438.00 4,500.00 N X 2,400.00 0 2,100.00
AMERICAN EXPRESS CO COMMON 25816109 332,500.00 2,000.00 N X 1,800.00 0 200.00
AMERICAN EXPRESS CO COMMON 25816109 1,363,583.00 8,202.00 N X 7,000.00 0 1,202.00
AMERICAN GENERAL CORP COMMON 26351106 474,067.00 6,248.00 N X 6,248.00 0 0.00
AMERICAN HOME PRODS CORP COMMON 26609107 3,549,221.00 90,426.00 N X 56,026.00 0 34,400.00
AMERICAN HOME PRODS CORP COMMON 26609107 965,550.00 24,600.00 N X 21,600.00 0 3,000.00
AMERICAN INTL GROUP INC COMMON 26874107 19,303,341.00 178,528.00 N X 142,432.00 0 36,096.00
AMERICAN INTL GROUP INC COMMON 26874107 7,244,483.00 67,001.00 N X 50,078.00 0 16,923.00
AMGEN INC OTC 31162100 2,018,100.00 33,600.00 N X 24,400.00 0 9,200.00
AMGEN INC OTC 31162100 1,225,276.00 20,400.00 N X 13,000.00 0 7,400.00
ANHEUSER BUSCH COS INC COMMON 35229103 354,375.00 5,000.00 N X 5,000.00 0 0.00
APPLE COMPUTER INC OTC 37833100 277,594.00 2,700.00 N X 2,700.00 0 0.00
ARCHSTONE COMMUNITIES TRUS COMMON 39581103 324,597.00 15,834.00 N X 12,500.00 0 3,334.00
ARCHSTONE COMMUNITIES TRUS COMMON 39581103 371,050.00 18,100.00 N X 18,100.00 0 0.00
ASHTEAD GROUP PLC COMMON OA0053673 178,800.00 60,000.00 N X 0.00 0 60,000.00
ASPEN TECHNOLOGIES, INC. OTC 45327103 39,657.00 1,500.00 N X 900.00 0 600.00
ASPEN TECHNOLOGIES, INC. OTC 45327103 626,569.00 23,700.00 N X 23,100.00 0 600.00
AT & T CORP. COMMON 1957109 171,492.00 3,375.00 N X 1,875.00 0 1,500.00
AT & T CORP. COMMON 1957109 525,910.00 10,350.00 N X 3,350.00 0 7,000.00
AT HOME CORPORATION COMMON 45919107 374,728.00 8,740.00 N X 8,740.00 0 0.00
AT HOME CORPORATION COMMON 45919107 8,918.00 208.00 N X 208.00 0 0.00
ATLANTIC COAST AIRLINES COMMON 48396105 285,000.00 12,000.00 N X 0.00 0 12,000.00
AUTOMATIC DATA PROCESSING COMMON 53015103 506,425.00 9,400.00 N X 9,000.00 0 400.00
AUTOMATIC DATA PROCESSING COMMON 53015103 344,800.00 6,400.00 N X 6,400.00 0 0.00
AVERY DENNISON CORP COMMON 53611109 349,800.00 4,800.00 N X 4,800.00 0 0.00
AXA FINANCIALS INC COMMON 2451102 3,332.00 98.00 N X 42.00 0 56.00
AXA FINANCIALS INC COMMON 2451102 544,000.00 16,000.00 N X 16,000.00 0 0.00
BANGOR HYDRO-ELECTRIC COMP COMMON 60077104 164,375.00 10,000.00 N X 10,000.00 0 0.00
BANK NEW YORK INC COMMON 64057102 212,800.00 5,320.00 N X 3,320.00 0 2,000.00
BANK NEW YORK INC COMMON 64057102 48,000.00 1,200.00 N X 1,200.00 0 0.00
BANK OF AMERICA CORPORATIO COMMON 60505104 378,515.00 7,542.00 N X 1,086.00 0 6,456.00
BANK TOKYO-MITSUBISHI LTD COMMON 65379109 348,438.00 25,000.00 N X 0.00 0 25,000.00
BCE INC COMMON 05534B109 901,875.00 10,000.00 N X 0.00 0 10,000.00
BELL ATLANTIC CORP COMMON 77853109 9,165,672.00 148,884.00 N X 108,184.00 0 40,700.00
BELL ATLANTIC CORP COMMON 77853109 4,889,786.00 79,428.00 N X 61,328.00 0 18,100.00
BELLSOUTH CORP COMMON 79860102 269,172.00 5,750.00 N X 5,750.00 0 0.00
BELLSOUTH CORP COMMON 79860102 257,469.00 5,500.00 N X 5,500.00 0 0.00
BERKSHIRE HATHAWAY INC DEL COMMON 84670108 280,500.00 5.00 N X 4.00 0 1.00
BERKSHIRE HATHAWAY INC DEL COMMON 84670108 168,300.00 3.00 N X 3.00 0 0.00
BESTFOODS INC. COMMON 08658U101 441,525.00 8,400.00 N X 8,400.00 0 0.00
BMC SOFTWARE INC OTC 55921100 895,300.00 11,200.00 N X 0.00 0 11,200.00
BP AMOCO PLC COMMON 55622104 186,834.00 3,150.00 N X 3,150.00 0 0.00
BP AMOCO PLC COMMON 55622104 1,527,535.00 25,754.00 N X 5,026.00 0 20,728.00
BRISTOL MYERS SQUIBB CO COMMON 110122108 7,564,497.00 117,850.00 N X 64,630.00 0 53,220.00
BRISTOL MYERS SQUIBB CO COMMON 110122108 3,745,341.00 58,350.00 N X 43,400.00 0 14,950.00
BRITISH TELECOM PLC ADR COMMON 111021408 238,000.00 1,000.00 N X 0.00 0 1,000.00
BROADCOM CORP-CL A COMMON 111320107 1,069,072.00 3,925.00 N X 0.00 0 3,925.00
BROCADE COMM SYSTEMS INC. COMMON 111621108 300,900.00 1,700.00 N X 0.00 0 1,700.00
CARLTON COMM PLC- SPONS AD OTC 142872209 381,000.00 8,000.00 N X 0.00 0 8,000.00
CARREFOUR SA (EUR) 2.5 COMMON F13923119 264,564.00 1,800.00 N X 0.00 0 1,800.00
CHARLES E SMITH RESIDENTIA COMMON 832197107 1,390,238.00 39,300.00 N X 39,300.00 0 0.00
CHASE MANHATTAN BANK NEW COMMON 16161A108 170,913.00 2,200.00 N X 1,200.00 0 1,000.00
CHASE MANHATTAN BANK NEW COMMON 16161A108 161,435.00 2,078.00 N X 2,030.00 0 48.00
CHEVRON CORP COMMON 166751107 8,663.00 100.00 N X 0.00 0 100.00
CHEVRON CORP COMMON 166751107 515,419.00 5,950.00 N X 5,550.00 0 400.00
CISCO SYS INC OTC 17275R102 5,520,687.00 51,535.00 N X 9,300.00 0 42,235.00
CISCO SYS INC OTC 17275R102 5,533,864.00 51,658.00 N X 46,950.00 0 4,708.00
CITIGROUP, INC. COMMON 172967101 217,850.00 3,912.00 N X 3,912.00 0 0.00
CITIGROUP, INC. COMMON 172967101 751,782.00 13,500.00 N X 10,500.00 0 3,000.00
CLOROX CO COMMON 189054109 272,025.00 5,400.00 N X 5,400.00 0 0.00
CNF TRANSPORTATION COMMON 12612W104 276,000.00 8,000.00 N X 0.00 0 8,000.00
COCA COLA CO COMMON 191216100 2,140,455.00 36,746.00 N X 35,246.00 0 1,500.00
COCA COLA CO COMMON 191216100 470,660.00 8,080.00 N X 3,000.00 0 5,080.00
COLGATE PALMOLIVE CO COMMON 194162103 260,000.00 4,000.00 N X 4,000.00 0 0.00
COMCAST CORP CL A SPL OTC 200300200 821,539.00 16,248.00 N X 15,748.00 0 500.00
COMPUTER ASSOC INTL INC COMMON 204912109 14,964,667.00 213,972.00 N X 166,462.00 0 47,510.00
COMPUTER ASSOC INTL INC COMMON 204912109 12,932,073.00 184,909.00 N X 157,937.00 0 26,972.00
COMPUTER SCIENCES CORP COMMON 205363104 1,002,457.00 10,594.00 N X 1,344.00 0 9,250.00
COMPUWARE CORP COMMON 205638109 458,175.00 12,300.00 N X 800.00 0 11,500.00
CONOCO INC. CL B COMMON 208251405 206,015.00 8,282.00 N X 8,282.00 0 0.00
CONOCO INC. CL B COMMON 208251405 45,770.00 1,840.00 N X 1,106.00 0 734.00
COSTCO WHOLESALE CORPORATI OTC 22160K105 730,000.00 8,000.00 N X 0.00 0 8,000.00
CVS CORP COMMON 126650100 821,425.00 20,600.00 N X 0.00 0 20,600.00
DAYTON HUDSON CORP COMMON 239753106 396,563.00 5,400.00 N X 5,400.00 0 0.00
DELL COMPUTER CORP. COMMON 247025109 16,873,350.00 330,850.00 N X 213,600.00 0 117,250.00
DELL COMPUTER CORP. COMMON 247025109 4,392,120.00 86,120.00 N X 66,400.00 0 19,720.00
DENDRITE INTERNATIONAL INC OTC 248239105 619,913.00 18,300.00 N X 15,000.00 0 3,300.00
DENDRITE INTERNATIONAL INC OTC 248239105 71,138.00 2,100.00 N X 0.00 0 2,100.00
DISNEY WALT CO. COMMON 254687106 14,538,625.00 497,047.00 N X 425,904.00 0 71,143.00
DISNEY WALT CO. COMMON 254687106 12,066,561.00 412,532.00 N X 353,404.00 0 59,128.00
DOUBLECLICK INC COMMON 258609304 708,575.00 2,800.00 N X 2,800.00 0 0.00
DOVER CORP COMMON 260003108 363,000.00 8,000.00 N X 8,000.00 0 0.00
DST SYSTEMS, INC. COMMON 233326107 17,857,278.00 234,002.00 N X 167,496.00 0 66,506.00
DST SYSTEMS, INC. COMMON 233326107 3,280,827.00 42,992.00 N X 26,140.00 0 16,852.00
DU PONT E I DE NEMOURS CO COMMON 263534109 10,472,444.00 158,974.00 N X 123,554.00 0 35,420.00
DU PONT E I DE NEMOURS CO COMMON 263534109 34,068,045.00 517,162.00 N X 74,193.00 0 442,969.00
EMC CORP/MASS COMMON 268648102 24,205,102.00 221,557.00 N X 137,484.00 0 84,073.00
EMC CORP/MASS COMMON 268648102 4,320,838.00 39,550.00 N X 23,850.00 0 15,700.00
EMERSON ELEC CO COMMON 291011104 1,158,975.00 20,200.00 N X 1,000.00 0 19,200.00
ENRON CORP COMMON 293561106 310,625.00 7,000.00 N X 7,000.00 0 0.00
EXXON MOBIL CORPORATION COMMON 30231G102 2,748,873.00 34,121.00 N X 30,191.00 0 3,930.00
EXXON MOBIL CORPORATION COMMON 30231G102 4,933,271.00 61,235.00 N X 34,395.00 0 26,840.00
FAIR, ISAAC & CO COMMON 303250104 657,200.00 12,400.00 N X 1,800.00 0 10,600.00
FEDERAL NAT MORTGAGE ASSN. COMMON 313586109 919,392.00 14,725.00 N X 2,400.00 0 12,325.00
FEDERAL NAT MORTGAGE ASSN. COMMON 313586109 106,144.00 1,700.00 N X 0.00 0 1,700.00
FIRST DATA CORP COMMON 319963104 16,001,019.00 324,482.00 N X 286,073.00 0 38,409.00
FIRST DATA CORP COMMON 319963104 15,242,543.00 309,101.00 N X 248,535.00 0 60,566.00
FIRST UNION CORP COMMON 337358105 26,350.00 800.00 N X 0.00 0 800.00
FIRST UNION CORP COMMON 337358105 190,840.00 5,794.00 N X 5,536.00 0 258.00
GANNETT INC DEL COMMON 364730101 390,358.00 4,786.00 N X 4,786.00 0 0.00
GANNETT INC DEL COMMON 364730101 403,571.00 4,948.00 N X 4,948.00 0 0.00
GENENTECH COMMON 368710406 282,450.00 2,100.00 N X 2,100.00 0 0.00
GENERAL ELEC CO COMMON 369604103 5,294,462.00 34,213.00 N X 26,869.00 0 7,344.00
GENERAL ELEC CO COMMON 369604103 7,972,875.00 51,521.00 N X 48,021.00 0 3,500.00
GENERAL MILLS INC COMMON 370334104 280,638.00 7,850.00 N X 7,850.00 0 0.00
GENERAL MTRS CORP COMMON 370442105 203,670.00 2,802.00 N X 2,802.00 0 0.00
GENERAL MTRS CORP COMMON 370442105 592,403.00 8,150.00 N X 0.00 0 8,150.00
GILLETTE CO COMMON 375766102 8,585,493.00 208,449.00 N X 159,760.00 0 48,689.00
GILLETTE CO COMMON 375766102 4,126,988.00 100,200.00 N X 72,100.00 0 28,100.00
GRAHAM FIELD HEALTH PRODUC COMMON 384632105 1,313.00 10,500.00 N X 10,500.00 0 0.00
GTE CORP COMMON 362320103 947,231.00 13,424.00 N X 11,324.00 0 2,100.00
HARTE-HANKS, INC. COMMON 416196103 37,283,481.00 1,714,183.00 N X 1,360,417.00 0 353,766.00
HARTE-HANKS, INC. COMMON 416196103 21,222,933.00 975,767.00 N X 851,617.00 0 124,150.00
HEWLETT PACKARD CO COMMON 428236103 265,606.00 2,335.00 N X 1,000.00 0 1,335.00
HEWLETT PACKARD CO COMMON 428236103 1,788,150.00 15,720.00 N X 11,200.00 0 4,520.00
HOME DEPOT INC COMMON 437076102 1,309,688.00 19,050.00 N X 15,000.00 0 4,050.00
HOME DEPOT INC COMMON 437076102 391,875.00 5,700.00 N X 0.00 0 5,700.00
HUMAN GENOME SCIENCES INC OTC 444903108 610,500.00 4,000.00 N X 0.00 0 4,000.00
I2 TECHNOLOGIES CORP. COMMON 465754109 4,114,500.00 21,100.00 N X 800.00 0 20,300.00
IMS HEALTH COMMON 449934108 149,532.00 5,500.00 N X 4,500.00 0 1,000.00
IMS HEALTH COMMON 449934108 154,969.00 5,700.00 N X 5,200.00 0 500.00
INTEL CORP OTC 458140100 31,702,330.00 385,146.00 N X 274,733.00 0 110,413.00
INTEL CORP OTC 458140100 11,577,254.00 140,650.00 N X 106,600.00 0 34,050.00
INTERNATIONAL BUSINESS MAC COMMON 459200101 2,371,308.00 21,982.00 N X 21,872.00 0 110.00
INTERNATIONAL BUSINESS MAC COMMON 459200101 1,096,658.00 10,166.00 N X 5,066.00 0 5,100.00
JABIL CIRCUIT INC COMMON 466313103 511,000.00 7,000.00 N X 7,000.00 0 0.00
JDS UNIPHASE CORP COMMON 46612J101 4,000,550.00 24,800.00 N X 0.00 0 24,800.00
JDS UNIPHASE CORP COMMON 46612J101 161,313.00 1,000.00 N X 1,000.00 0 0.00
JOHNSON & JOHNSON COMMON 478160104 1,399,869.00 15,012.00 N X 13,725.00 0 1,287.00
JOHNSON & JOHNSON COMMON 478160104 4,922,108.00 52,784.00 N X 33,184.00 0 19,600.00
KIMBERLY CLARK CORP COMMON 494368103 278,109.00 4,250.00 N X 4,250.00 0 0.00
KONINKLIJKE PHILIPS ELEC. COMMON 500472204 372,600.00 2,760.00 N X 0.00 0 2,760.00
LEGATO SYSTEMS COMMON 524651106 261,488.00 3,800.00 N X 0.00 0 3,800.00
LILLY, ELI AND COMPANY COMMON 532457108 511,252.00 7,688.00 N X 7,688.00 0 0.00
LILLY, ELI AND COMPANY COMMON 532457108 52,934.00 796.00 N X 0.00 0 796.00
LINCARE HOLDINGS INC. COMMON 532791100 208,125.00 6,000.00 N X 0.00 0 6,000.00
L'OREAL CO. ADR COMMON 502117203 319,334.00 2,000.00 N X 0.00 0 2,000.00
LUCENT TECHNOLOGIES INC COMMON 549463107 2,161,350.00 28,818.00 N X 7,920.00 0 20,898.00
LUCENT TECHNOLOGIES INC COMMON 549463107 502,500.00 6,700.00 N X 4,764.00 0 1,936.00
LYCOS INC COMMON 550818108 636,500.00 8,000.00 N X 8,000.00 0 0.00
MCGRAW HILL INC COMMON 580645109 552,407.00 8,964.00 N X 8,964.00 0 0.00
MCGRAW HILL INC COMMON 580645109 98,600.00 1,600.00 N X 0.00 0 1,600.00
MCI WORLDCOM, INC. COMMON 55268B106 187,045.00 3,525.00 N X 2,550.00 0 975.00
MCI WORLDCOM, INC. COMMON 55268B106 469,604.00 8,850.00 N X 8,250.00 0 600.00
MERCK & CO INC COMMON 589331107 8,118,535.00 120,834.00 N X 105,934.00 0 14,900.00
MERCK & CO INC COMMON 589331107 5,185,531.00 77,180.00 N X 53,138.00 0 24,042.00
METROMEDIA FIBER NETWORK-A COMMON 591689104 1,246,375.00 26,000.00 N X 26,000.00 0 0.00
MICROSOFT CORP OTC 594918104 4,454,947.00 38,158.00 N X 5,950.00 0 32,208.00
MICROSOFT CORP OTC 594918104 1,856,325.00 15,900.00 N X 9,100.00 0 6,800.00
MINNESOTA MNG & MFG CO COMMON 604059105 1,173,815.00 11,993.00 N X 11,793.00 0 200.00
MINNESOTA MNG & MFG CO COMMON 604059105 714,488.00 7,300.00 N X 7,300.00 0 0.00
MONSANTO CO COMMON 611662107 231,938.00 6,545.00 N X 6,545.00 0 0.00
MONSANTO CO COMMON 611662107 35,438.00 1,000.00 N X 1,000.00 0 0.00
MORGAN J.P. & CO INC COMMON 616880100 563,862.00 4,453.00 N X 2,025.00 0 2,428.00
MORGAN J.P. & CO INC COMMON 616880100 1,765,912.00 13,946.00 N X 13,946.00 0 0.00
MORGAN STANLEY DEAN WITTER COMMON 617446448 1,998,500.00 14,000.00 N X 14,000.00 0 0.00
MOTOROLA INC COMMON 620076109 427,025.00 2,900.00 N X 2,500.00 0 400.00
NEWS COPR LTD ADR COMMON 652487703 382,500.00 10,000.00 N X 0.00 0 10,000.00
NEXTEL COMMUNICATIONS INC COMMON 65332V103 412,500.00 4,000.00 N X 4,000.00 0 0.00
NIPPON TELEGRAPH & TELE COMMON OA6641373 227,093.00 25.00 N X 0.00 0 25.00
NOKIA CORP COMMON 654902204 2,188,430.00 11,454.00 N X 0.00 0 11,454.00
NOKIA CORP COMMON 654902204 324,806.00 1,700.00 N X 100.00 0 1,600.00
NOMURA SECURITIES CO LTD COMMON OA6643108 671,500.00 50,000.00 N X 0.00 0 50,000.00
NORDSTROM INC COMMON 655664100 N/A 100.00 N X 100.00 0 0.00
OMNICOM GROUP INC. COMMON 681919106 210,000.00 2,100.00 N X 2,100.00 0 0.00
ON ASSIGNMENT INC OTC 682159108 239,000.00 8,000.00 N X 0.00 0 8,000.00
ORACLE SYS CORP OTC 68389X105 540,589.00 4,824.00 N X 4,724.00 0 100.00
PAYCHEX INC. OTC 704326107 956,000.00 23,900.00 N X 0.00 0 23,900.00
PAYCHEX INC. OTC 704326107 900,000.00 22,500.00 N X 0.00 0 22,500.00
PEPSICO INC COMMON 713448108 497,025.00 14,100.00 N X 11,100.00 0 3,000.00
PEPSICO INC COMMON 713448108 1,921,125.00 54,500.00 N X 43,000.00 0 11,500.00
PFIZER INC COMMON 717081103 244,903.00 7,550.00 N X 6,400.00 0 1,150.00
PFIZER INC COMMON 717081103 829,492.00 25,572.00 N X 17,972.00 0 7,600.00
PHARMACIA & UPJOHN, Inc. C COMMON 716941109 929,250.00 20,650.00 N X 20,600.00 0 50.00
PHILIP MORRIS CO. INC. COMMON 718154107 4,600.00 200.00 N X 0.00 0 200.00
PHILIP MORRIS CO. INC. COMMON 718154107 897,000.00 39,000.00 N X 39,000.00 0 0.00
PNC BANK CORP PA COMMON 693475105 200,250.00 4,500.00 N X 4,500.00 0 0.00
PROCTER & GAMBLE COMPANY COMMON 742718109 691,778.00 6,314.00 N X 5,514.00 0 800.00
PROCTER & GAMBLE COMPANY COMMON 742718109 1,050,924.00 9,592.00 N X 8,800.00 0 792.00
PROLOGIS TRUST COMMON 743410102 396,550.00 20,600.00 N X 15,900.00 0 4,700.00
PROLOGIS TRUST COMMON 743410102 2,105,950.00 109,400.00 N X 106,400.00 0 3,000.00
PSINET INC COMMON 74437C101 339,625.00 5,500.00 N X 0.00 0 5,500.00
QRS CORP COMMON 74726X105 430,500.00 4,100.00 N X 0.00 0 4,100.00
QWEST COMMUNICATIONS INTL COMMON 749121109 21,500.00 500.00 N X 400.00 0 100.00
QWEST COMMUNICATIONS INTL COMMON 749121109 352,600.00 8,200.00 N X 8,200.00 0 0.00
REUTERS GROUP PLC ADR COMMON 76132M102 2,733,887.00 33,830.00 N X 32,125.00 0 1,705.00
REUTERS GROUP PLC ADR COMMON 76132M102 6,963,508.00 86,169.00 N X 76,622.00 0 9,547.00
RF MICRO DEVICES INC. COMMON 749941100 205,313.00 3,000.00 N X 3,000.00 0 0.00
ROYAL DUTCH PETROLEUM PAR COMMON 780257804 508,362.00 8,394.00 N X 8,394.00 0 0.00
ROYAL DUTCH PETROLEUM PAR COMMON 780257804 777,562.00 12,839.00 N X 10,839.00 0 2,000.00
SAFEWAY INC COMMON 786514208 286,000.00 8,000.00 N X 8,000.00 0 0.00
SANMINA CORP. COMMON 800907107 1,363,294.00 13,650.00 N X 5,750.00 0 7,900.00
SANMINA CORP. COMMON 800907107 34,956.00 350.00 N X 0.00 0 350.00
SBC COMMUNICATIONS, INC. COMMON 78387G103 319,069.00 6,545.00 N X 5,693.00 0 852.00
SBC COMMUNICATIONS, INC. COMMON 78387G103 816,611.00 16,751.00 N X 14,835.00 0 1,916.00
SCHERING PLOUGH CORP COMMON 806605101 266,963.00 6,300.00 N X 6,100.00 0 200.00
SCHERING PLOUGH CORP COMMON 806605101 763,513.00 18,018.00 N X 15,268.00 0 2,750.00
SCHLUMBERGER COMMON 806857108 181,509.00 3,234.00 N X 2,934.00 0 300.00
SCHLUMBERGER COMMON 806857108 712,788.00 12,700.00 N X 12,000.00 0 700.00
SCHWAB (CHARLES) CORP. COMMON 808513105 206,550.00 5,400.00 N X 5,400.00 0 0.00
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 51,300.00 800.00 N X 0.00 0 800.00
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 769,500.00 12,000.00 N X 6,000.00 0 6,000.00
SOLECTRON CORP COMMON 834182107 86,928,460.00 913,834.00 N X 690,700.00 0 223,134.00
SOLECTRON CORP COMMON 834182107 48,542,573.00 510,303.00 N X 415,921.00 0 94,382.00
STATE STREET CORP COMMON 857477103 56,133,626.00 768,296.00 N X 614,980.00 0 153,316.00
STATE STREET CORP COMMON 857477103 40,722,408.00 557,364.00 N X 484,938.00 0 72,426.00
SUN MICROSYSTEM INC OTC 866810104 93,080.00 1,202.00 N X 402.00 0 800.00
SUN MICROSYSTEM INC OTC 866810104 2,493,488.00 32,200.00 N X 0.00 0 32,200.00
SYKES ENTERPRISES INC COMMON 871237103 11,023,594.00 251,250.00 N X 174,050.00 0 77,200.00
SYKES ENTERPRISES INC COMMON 871237103 787,556.00 17,950.00 N X 6,550.00 0 11,400.00
SYMBOL TECHNOLOGIES INC COMMON 871508107 254,250.00 4,000.00 N X 0.00 0 4,000.00
TANDY CORP COMMON 875382103 344,313.00 7,000.00 N X 7,000.00 0 0.00
TANGER FACTORY OUTLET CTRS COMMON 875465106 207,500.00 10,000.00 N X 10,000.00 0 0.00
TANGER FACTORY OUTLET CTRS COMMON 875465106 68,475.00 3,300.00 N X 3,300.00 0 0.00
TECO ENERGY INC COMMON 872375100 44,550.00 2,400.00 N X 2,000.00 0 400.00
TECO ENERGY INC COMMON 872375100 148,500.00 8,000.00 N X 0.00 0 8,000.00
TELEFONICA DE ESPANA SA AD COMMON 879382208 315,250.00 4,000.00 N X 0.00 0 4,000.00
TIME WARNER INC COMMON 887315109 347,100.00 4,800.00 N X 4,800.00 0 0.00
TIME WARNER INC COMMON 887315109 1,157,001.00 16,000.00 N X 11,000.00 0 5,000.00
TRANSACTION SYSTEMS ARCHIT COMMON 893416107 6,866,076.00 245,217.00 N X 156,117.00 0 89,100.00
TRANSACTION SYSTEMS ARCHIT COMMON 893416107 3,648,400.00 130,300.00 N X 115,200.00 0 15,100.00
TRANSATLANTIC HOLDINGS INC COMMON 893521104 312,250.00 4,000.00 N X 0.00 0 4,000.00
TRANSOCEAN OFFSHORE INC. C COMMON G90076103 586,163.00 17,400.00 N X 9,400.00 0 8,000.00
TYCO INTERNATIONAL LTD COMMON 902124106 252,564.00 6,476.00 N X 6,376.00 0 100.00
TYCO INTERNATIONAL LTD COMMON 902124106 468,000.00 12,000.00 N X 12,000.00 0 0.00
UNION PAC CORP COMMON 907818108 65,531.00 1,500.00 N X 1,500.00 0 0.00
UNION PAC CORP COMMON 907818108 429,361.00 9,828.00 N X 3,828.00 0 6,000.00
VIVENDI (EX-GEN) DES EAUX COMMON 5687237 224,616.00 3,000.00 N X 0.00 0 3,000.00
VODAFONE AIRTOUCH PLC COMMON 92857T107 220,275.00 4,450.00 N X 3,250.00 0 1,200.00
VODAFONE AIRTOUCH PLC COMMON 92857T107 99,000.00 2,000.00 N X 2,000.00 0 0.00
WAL MART STORES INC COMMON 931142103 553,000.00 8,000.00 N X 8,000.00 0 0.00
WAL MART STORES INC COMMON 931142103 2,281,125.00 33,000.00 N X 1,000.00 0 32,000.00
WALGREEN COMPANY COMMON 931422109 1,895,400.00 64,800.00 N X 49,000.00 0 15,800.00
WALGREEN COMPANY COMMON 931422109 2,785,068.00 95,216.00 N X 95,216.00 0 0.00
WARNER LAMBERT CO COMMON 934488107 49,162.00 600.00 N X 300.00 0 300.00
WARNER LAMBERT CO COMMON 934488107 2,892,394.00 35,300.00 N X 21,500.00 0 13,800.00
WASHINGTON POST CO CL B COMMON 939640108 833,813.00 1,500.00 N X 0.00 0 1,500.00
WASHINGTON REAL ESTATE INV COMMON 939653101 222,750.00 14,850.00 N X 14,850.00 0 0.00
WEINGARTEN REALTY INC COM COMMON 948741103 311,228.00 7,993.00 N X 7,000.00 0 993.00
WILLIAMS COS INC COMMON 969457100 794,625.00 26,000.00 N X 10,000.00 0 16,000.00
YAHOO! INC COMMON 984332106 865,375.00 2,000.00 N X 0.00 0 2,000.00
YAHOO! INC COMMON 984332106 173,075.00 400.00 N X 400.00 0 0.00
====================================================================================================================================
Total Issues: 248 $821,734,053.00 14,312,084.00 10,496,195.00 3,815,889.00
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</TABLE>
