UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Jun 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: New Mexico Educational Retirement Board
Address: 701 Camino de Los Marquez
Santa Fe, New Mexico 87501
13F File Number: 28-2695
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: Selma A Arnold
Title: Investment Officer II
Phone: 505-827-8030
Signature, Place, and Date of Signing:
Selma A Arnold, Santa Fe, New Mexico, August 4, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.
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FORM 13F INFORMATION TABLE
VALUE SHARES
SH/ PUT/ INVEST OTH/ VOTING AUTHORITY
DESCRIPTION CLASS CUSIP# (X 1000) PRN AMT
PRN CALL DSCRETN MGRS SOLE SHARED NONE
3 COM CORP COM 88553510 2565 96,100 SH
SOLE N/A X
ABBOTT LABORATORIE COM 282410 23314 513,800 SH
SOLE N/A X
ADOBE SYS INC COM COM 724F10 641 7,800 SH
SOLE N/A X
ADVANCED MICRO DEV COM 790310 338 18,700 SH
SOLE N/A X
AES CORP COM 130H10 1412 24,300 SH
SOLE N/A X
AETNA INC COM 811710 1610 18,000 SH
SOLE N/A X
AFLAC CORP COM 105510 1633 34,100 SH
SOLE N/A X
AIR PRODUCTS & CHE COM 915810 12848 319,200 SH
SOLE N/A X
ALBERTO CULVER CO COM 1306810 192 7,200 SH
SOLE N/A X
ALBERTSONS INC COM COM 1310410 2764 53,600 SH
SOLE N/A X
ALCAN ALUM LTD COM COM 1371610 1346 28,800 SH
SOLE N/A X
ALCOA, INC COM 1381710 17764 287,100 SH
SOLE N/A X
ALLEGHENY TELEDYNE COM 1741510 557 24,600 SH
SOLE N/A X
ALLERGAN INC COM 1849010 944 8,500 SH
SOLE N/A X
ALLIED SIGNAL COM 1951210 4618 73,300 SH
SOLE N/A X
ALLSTATE CORP COM 2000210 3580 99,800 SH
SOLE N/A X
ALLTEL CORP COM COM 2003910 2567 35,900 SH
SOLE N/A X
ALZA CORP CL A COM 2261510 656 12,900 SH
SOLE N/A X
AMERADA HESS CORP COM 2355110 684 11,500 SH
SOLE N/A X
AMEREN CORP COM 2360810 672 17,500 SH
SOLE N/A X
AMERICA ON LINE COM 2364J10 22715 206,500 SH
SOLE N/A X
AMERICAN ELEC PWR COM 2553710 924 24,600 SH
SOLE N/A X
AMERICAN EXPRESS COM 2581610 23735 182,400 SH
SOLE N/A X
AMERICAN GENERAL C COM 2635110 6181 82,000 SH
SOLE N/A X
AMERICAN GREETINGS COM 2637510 259 8,600 SH
SOLE N/A X
AMERICAN HOME PROD COM 2660910 32962 574,500 SH
SOLE N/A X
AMERICAN INTL GROU COM 2687410 43576 371,650 SH
SOLE N/A X
AMERICAN TEL & TEL COM 195710 39387 705,700 SH
SOLE N/A X
AMERITECH CORPORAT COM 3095410 9981 135,800 SH
SOLE N/A X
AMGEN COM 3116210 11585 190,300 SH
SOLE N/A X
AMR CORP DEL COM COM 176510 1338 19,600 SH
SOLE N/A X
AMSOUTH BANCORPORA COM 3216510 522 22,500 SH
SOLE N/A X
ANADARKO PETE CORP COM 3251110 567 15,400 SH
SOLE N/A X
ANDREW CORP COM COM 3442510 199 10,500 SH
SOLE N/A X
ANHEUSER BUSCH COS COM 3522910 4129 58,200 SH
SOLE N/A X
AON CORP COM COM 3738910 1349 32,700 SH
SOLE N/A X
APACHE CORP COM COM 3741110 558 14,300 SH
SOLE N/A X
APPLE COMPUTER COM 3783310 940 20,300 SH
SOLE N/A X
APPLIED MATLS INC COM 3822210 3516 47,600 SH
SOLE N/A X
ARCHER DANIELS MID COM 3948310 1122 72,700 SH
SOLE N/A X
ARMSTRONG WORLD IN COM 4247610 295 5,100 SH
SOLE N/A X
ASARCO INC COM COM 4341310 96 5,100 SH
SOLE N/A X
ASHLAND INC COM 4420410 373 9,300 SH
SOLE N/A X
ASSOCIATES FIRST C COM 4600810 14025 317,842 SH
SOLE N/A X
ASTRAZENECA, PLC A COM 4635310 27823 710,000 SH
SOLE N/A X
AT&T CORP LIBERTY COM 195710 18375 500,000 SH
SOLE N/A X
ATLANTIC RICHFIELD COM 4882510 9693 116,000 SH
SOLE N/A X
AUTODESK INC COM COM 5276910 222 7,500 SH
SOLE N/A X
AUTOMATIC DATA PRO COM 5301510 7872 178,900 SH
SOLE N/A X
AUTOZONE INC COM 5333210 575 19,100 SH
SOLE N/A X
AVERY DENNISON COR COM 5361110 875 14,500 SH
SOLE N/A X
AVON PRODS INC COM COM 5430310 1854 33,400 SH
SOLE N/A X
BAKER HUGHES INC C COM 5722410 1397 41,700 SH
SOLE N/A X
BALL CORP COM COM 5849810 165 3,900 SH
SOLE N/A X
BANK NEW YORK INC COM 6405710 3452 94,100 SH
SOLE N/A X
BANK OF AMERICA CO COM 6050510 15938 217,400 SH
SOLE N/A X
BANK ONE CORP COM 6423A10 8970 150,600 SH
SOLE N/A X
BANKBOSTON CORP COM 6605R10 1933 37,800 SH
SOLE N/A X
BARD C R INC COM COM 6738310 316 6,600 SH
SOLE N/A X
BARRICK GOLD CORP COM 6790110 1412 49,700 SH
SOLE N/A X
BATTLE MTN GOLD CO COM 7159310 71 29,300 SH
SOLE N/A X
BAUSCH & LOMB INC COM 7170710 558 7,300 SH
SOLE N/A X
BAXTER INTERNATION COM 7181310 8318 137,200 SH
SOLE N/A X
BB & T CORP COM 5493710 1471 40,100 SH
SOLE N/A X
BEAR STEARNS COS I COM 7390210 692 14,800 SH
SOLE N/A X
BECTON DICKINSON & COM 7588710 954 31,800 SH
SOLE N/A X
BELL ATLANTIC COM 7785310 29303 448,236 SH
SOLE N/A X
BELLSOUTH CORP COM 7986010 11139 241,500 SH
SOLE N/A X
BEMIS INC COM COM 8143710 266 6,700 SH
SOLE N/A X
BEST BUY INC COM COM 8651610 1762 26,100 SH
SOLE N/A X
BESTFOODS COM 8658U10 1762 35,600 SH
SOLE N/A X
BETHLEHEM STL CORP COM 8750910 128 16,600 SH
SOLE N/A X
BIOMET INC COM COM 9061310 568 14,300 SH
SOLE N/A X
BLACK & DECKER COR COM 9179710 701 11,100 SH
SOLE N/A X
BLOCK H & R INC CO COM 9367110 620 12,400 SH
SOLE N/A X
BMC SOFTWARE INC COM 5592110 1625 30,100 SH
SOLE N/A X
BOEING CO COM COM 9702310 5306 120,600 SH
SOLE N/A X
BOISE CASCADE CORP COM 9738310 309 7,200 SH
SOLE N/A X
BOSTON SCIENTIFIC COM 10113710 2214 50,400 SH
SOLE N/A X
BRIGGS & STRATTON COM 10904310 173 3,000 SH
SOLE N/A X
BRISTOL-MYERS SQUI COM 11012210 49532 703,200 SH
SOLE N/A X
BROWN FORMAN CORP COM 11563720 567 8,700 SH
SOLE N/A X
BROWNING FERRIS IN COM 11588510 860 20,000 SH
SOLE N/A X
BRUNSWICK CORP COM COM 11704310 326 11,700 SH
SOLE N/A X
BURLINGTON NORTN S COM 12189T10 1798 58,000 SH
SOLE N/A X
BURLINGTON RESOURC COM 12201410 7249 167,600 SH
SOLE N/A X
CABLETRON SYS INC COM 12692010 286 22,000 SH
SOLE N/A X
CAMPBELL SOUP CO COM 13442910 5477 118,100 SH
SOLE N/A X
CAPITAL ONE FINL C COM 14040H10 1403 25,200 SH
SOLE N/A X
CARDINAL HEALTH IN COM 14149Y10 2225 34,700 SH
SOLE N/A X
CARNIVAL CORP COM 14365810 3793 78,200 SH
SOLE N/A X
CAROLINA PWR & LT COM 14414110 826 19,300 SH
SOLE N/A X
CASE CORP COM 14743R10 457 9,500 SH
SOLE N/A X
CATERPILLAR COM 14912310 8724 145,400 SH
SOLE N/A X
CBS CORP COM 12490K10 3834 88,000 SH
SOLE N/A X
CENDANT CORP COM 15131310 3032 147,900 SH
SOLE N/A X
CENTEX CORP COM COM 15231210 285 7,600 SH
SOLE N/A X
CENTRAL & SOUTH WE COM 15235710 633 27,100 SH
SOLE N/A X
CENTURYTEL INC COM 15670010 708 17,800 SH
SOLE N/A X
CERIDIAN CORP COM 15677T10 601 18,400 SH
SOLE N/A X
CHAMPION INTL CORP COM 15852510 584 12,200 SH
SOLE N/A X
CHASE MANHATTAN BA COM 16161A10 9325 107,800 SH
SOLE N/A X
CHEVRON COM 16675110 12225 128,600 SH
SOLE N/A X
CHUBB CORP COM COM 17123210 1432 20,600 SH
SOLE N/A X
CIGNA CORP COM COM 12550910 2305 25,900 SH
SOLE N/A X
CINCINNATI FINL CO COM 17206210 793 21,100 SH
SOLE N/A X
CINERGY CORP COM 17247410 650 20,300 SH
SOLE N/A X
CIRCUIT CITY STORE COM 17273710 1190 12,800 SH
SOLE N/A X
CISCO SYSTEMS COM 17275R10 52085 808,300 SH
SOLE N/A X
CITIGROUP, INC COM 17296710 55494 1,168,300 SH
SOLE N/A X
CLEAR CHANNEL COMM COM 18450210 2916 42,300 SH
SOLE N/A X
CLOROX CO COM COM 18905410 1602 15,000 SH
SOLE N/A X
CMS ENERGY CORP CO COM 12589610 628 15,000 SH
SOLE N/A X
COASTAL CORP COM COM 19044110 1095 27,200 SH
SOLE N/A X
COCA COLA COM 19121610 19505 314,600 SH
SOLE N/A X
COCA COLA ENTERPRI COM 19121910 1609 54,100 SH
SOLE N/A X
COLGATE PALMOLIVE COM 19416210 14017 142,300 SH
SOLE N/A X
COLUMBIA ENERGY GR COM 19764810 658 10,500 SH
SOLE N/A X
COLUMBIA/HCA COM 19767710 6214 272,400 SH
SOLE N/A X
COMCAST CORP COM 20030020 3479 90,500 SH
SOLE N/A X
COMERICA INC COM COM 20034010 1183 19,900 SH
SOLE N/A X
COMPAQ COMPUTERS COM 20449310 13424 566,700 SH
SOLE N/A X
COMPUTER ASSOC INT COM 20491210 3630 66,300 SH
SOLE N/A X
COMPUTER SCIENCES COM 20536310 12468 180,200 SH
SOLE N/A X
COMPUWARE CORP COM COM 20563810 1435 45,100 SH
SOLE N/A X
CONAGRA INC COM COM 20588710 1608 60,400 SH
SOLE N/A X
CONSECO INC COM COM 20846410 1254 41,200 SH
SOLE N/A X
CONSOLIDATED EDISO COM 20911510 1312 29,000 SH
SOLE N/A X
CONSOLIDATED NAT G COM 20961510 741 12,200 SH
SOLE N/A X
CONSOLIDATED STORE COM 21014910 378 14,000 SH
SOLE N/A X
CONSTELLATION ENER COM 21037110 566 19,100 SH
SOLE N/A X
COOPER INDS INC CO COM 21666910 624 12,000 SH
SOLE N/A X
COOPER TIRE & RUBB COM 21683110 229 9,700 SH
SOLE N/A X
COORS ADOLPH CO CL COM 21701610 233 4,700 SH
SOLE N/A X
CORNING INC COM 21935010 2181 31,100 SH
SOLE N/A X
COSTCO COS INC COM 22160Q10 2242 28,000 SH
SOLE N/A X
COUNTRYWIDE CR IND COM 22237210 616 14,400 SH
SOLE N/A X
CRANE CO COM COM 22439910 274 8,700 SH
SOLE N/A X
CROWN CORK & SEAL COM 22825510 445 15,600 SH
SOLE N/A X
CSX CORP COM COM 12640810 1257 27,700 SH
SOLE N/A X
CUMMINS ENGINE INC COM 23102110 308 5,400 SH
SOLE N/A X
CVS CORP COM 12665010 2451 48,300 SH
SOLE N/A X
CYPRUS AMAX MINERA COM 23280910 175 11,500 SH
SOLE N/A X
DANA CORP COM COM 23581110 977 21,200 SH
SOLE N/A X
DANAHER CORP COM COM 23585110 1006 17,300 SH
SOLE N/A X
DARDEN RESTAURANTS COM 23719410 373 17,100 SH
SOLE N/A X
DATA GEN CORP COM COM 23768810 95 6,500 SH
SOLE N/A X
DAYTON HUDSON COM 23975310 6266 96,400 SH
SOLE N/A X
DEERE & CO COM COM 24419910 1156 29,500 SH
SOLE N/A X
DELL COMPUTER CORP COM 24702510 11962 323,300 SH
SOLE N/A X
DELPHI AUTOMOTIVE COM 24712610 2660 143,775 SH
SOLE N/A X
DELTA AIR LINES IN COM 24736110 1031 17,900 SH
SOLE N/A X
DELUXE CORPORATION COM 24801910 388 10,000 SH
SOLE N/A X
DILLARDS INC CL A COM 25406710 5746 163,600 SH
SOLE N/A X
DISNEY (WALT) CO COM 25468710 9783 317,500 SH
SOLE N/A X
DOLLAR GEN CORP CO COM 25666910 818 28,200 SH
SOLE N/A X
DOMINION RES INC V COM 25747010 1061 24,500 SH
SOLE N/A X
DONNELLEY R R & SO COM 25786710 619 16,700 SH
SOLE N/A X
DOVER CORP COM COM 26000310 952 27,200 SH
SOLE N/A X
DOW CHEM CO COM COM 26054310 3553 28,000 SH
SOLE N/A X
DOW JONES & CO INC COM 26056110 610 11,500 SH
SOLE N/A X
DQE COM 23329J10 6019 150,000 SH
SOLE N/A X
DTE ENERGY COM 23333110 754 18,500 SH
SOLE N/A X
DUKE ENERGY CORPOR COM 26439910 2526 46,400 SH
SOLE N/A X
DUN & BRADSTREET C COM 26483B10 741 20,900 SH
SOLE N/A X
DUPONT (EI) DE NEM COM 26353410 26048 381,300 SH
SOLE N/A X
EASTERN ENTERPRISE COM 27637F10 115 2,900 SH
SOLE N/A X
EASTMAN CHEM CO COM 27743210 518 10,000 SH
SOLE N/A X
EASTMAN KODAK COM 27746110 13787 203,500 SH
SOLE N/A X
EATON CORP COM COM 27805810 846 9,200 SH
SOLE N/A X
ECOLAB INC COM COM 27886510 720 16,500 SH
SOLE N/A X
EDISON INTL COM 28102010 1185 44,300 SH
SOLE N/A X
EG & G INC COM COM 26845710 207 5,800 SH
SOLE N/A X
ELECTRONIC DATA SY COM 28566110 3448 60,900 SH
SOLE N/A X
EMC CORP MASS COM COM 26864810 7101 129,100 SH
SOLE N/A X
EMERSON ELECTRIC COM 29101110 9787 155,500 SH
SOLE N/A X
ENGELHARD CORP COM COM 29284510 362 16,000 SH
SOLE N/A X
ENRON CORP COM COM 29356110 3687 45,100 SH
SOLE N/A X
ENTERGY CORP NEW COM 29364G10 984 31,500 SH
SOLE N/A X
EQUIFAX INC COM 29442910 657 18,400 SH
SOLE N/A X
EXXON COM 30229010 43537 564,500 SH
SOLE N/A X
FDX CORP COM 31304N10 2056 37,900 SH
SOLE N/A X
FEDERAL HOME LN MT COM 31340030 4982 85,900 SH
SOLE N/A X
FEDERAL NATIONAL M COM 31358610 25300 370,700 SH
SOLE N/A X
FEDERATED DEPT STO COM 31410H10 1408 26,600 SH
SOLE N/A X
FIFTH THIRD BANCOR COM 31677310 2283 34,300 SH
SOLE N/A X
FIRST DATA COM 31996310 18846 385,100 SH
SOLE N/A X
FIRST UNION CORP COM 33735810 13826 293,400 SH
SOLE N/A X
FIRSTAR CORP NEW W COM 33763V10 2290 81,800 SH
SOLE N/A X
FIRSTENERGY CORP COM 33793210 927 29,900 SH
SOLE N/A X
FLEET FINL GROUP I COM 33891510 3226 72,700 SH
SOLE N/A X
FLEETWOOD ENTERPRI COM 33909910 116 4,400 SH
SOLE N/A X
FLORIDA PROGRESS C COM 34110910 516 12,500 SH
SOLE N/A X
FLUOR CORP COM COM 34386110 393 9,700 SH
SOLE N/A X
FMC CORP COM NEW COM 30249130 273 4,000 SH
SOLE N/A X
FORD MOTOR CO COM 34537010 22823 404,400 SH
SOLE N/A X
FORT JAMES CORP COM 34747110 1064 28,100 SH
SOLE N/A X
FORTUNE BRANDS INC COM 34963110 881 21,300 SH
SOLE N/A X
FOSTER WHEELER COM 35024410 2604 185,200 SH
SOLE N/A X
FPL GROUP INC COM 30257110 1256 23,000 SH
SOLE N/A X
FRANKLIN RESOURCES COM 35461310 1304 32,100 SH
SOLE N/A X
FREEPORT-MCMORAN C COM 35671D85 373 20,800 SH
SOLE N/A X
FRONTIER CORP COM 35906P10 1296 22,100 SH
SOLE N/A X
FRUIT OF THE LOOM COM G3682L10 90 9,200 SH
SOLE N/A X
GANNETT COM 36473010 20742 290,600 SH
SOLE N/A X
GAP COM 36476010 8355 165,850 SH
SOLE N/A X
GATEWAY INC COM 36762610 1181 20,000 SH
SOLE N/A X
GENERAL DYNAMICS C COM 36955010 1123 16,300 SH
SOLE N/A X
GENERAL ELECTRIC COM 36960410 117192 1,037,100 SH
SOLE N/A X
GENERAL INSTR CORP COM 37012010 935 22,000 SH
SOLE N/A X
GENERAL MILLS INC COM 37033410 1567 19,500 SH
SOLE N/A X
GENERAL MOTORS COM 37044210 12388 187,700 SH
SOLE N/A X
GENUINE PARTS CO C COM 37246010 798 22,800 SH
SOLE N/A X
GEORGIA PAC CORP C COM 37329810 1038 21,900 SH
SOLE N/A X
GILLETTE COM 37576610 18712 456,400 SH
SOLE N/A X
GOLDEN WEST FINL C COM 38131710 706 7,200 SH
SOLE N/A X
GOODRICH B F CO CO COM 38238810 404 9,500 SH
SOLE N/A X
GOODYEAR TIRE & RU COM 38255010 1170 19,900 SH
SOLE N/A X
GPU INC COM 36225X10 675 16,000 SH
SOLE N/A X
GRACE W R & CO DEL COM 38388F10 167 8,800 SH
SOLE N/A X
GRAINGER W W INC C COM 38480210 640 11,900 SH
SOLE N/A X
GREAT ATLANTIC & P COM 39006410 166 4,900 SH
SOLE N/A X
GREAT LAKES CHEM C COM 39056810 341 7,400 SH
SOLE N/A X
GTE CORP COM COM 36232010 9203 121,900 SH
SOLE N/A X
GUIDANT CORP COM 40169810 1968 38,500 SH
SOLE N/A X
GULF CANADA RESOUR COM 40218L30 565 135,000 SH
SOLE N/A X
HALLIBURTON CO COM 40621610 12498 276,200 SH
SOLE N/A X
HARCOURT GENERAL I COM 41163G10 469 9,100 SH
SOLE N/A X
HARRAHS ENTMT INC COM 41361910 360 16,300 SH
SOLE N/A X
HARRIS CORP DEL CO COM 41387510 400 10,200 SH
SOLE N/A X
HARTFORD FINL SVCS COM 41651510 1685 28,900 SH
SOLE N/A X
HASBRO INC COM COM 41805610 696 24,900 SH
SOLE N/A X
HCR MANOR CARE INC COM 40413410 343 14,200 SH
SOLE N/A X
HEALTHSOUTH CORP COM 42192410 762 51,200 SH
SOLE N/A X
HEINZ COM 42307410 8561 170,800 SH
SOLE N/A X
HELMERICH & PAYNE COM 42345210 149 6,300 SH
SOLE N/A X
HERCULES INC COM COM 42705610 503 12,800 SH
SOLE N/A X
HERSHEY FOODS CORP COM 42786610 1057 17,800 SH
SOLE N/A X
HEWLETT PACKARD COM 42823610 33105 329,400 SH
SOLE N/A X
HILTON HOTELS CORP COM 43284810 467 32,900 SH
SOLE N/A X
HOME DEPOT COM 43707610 33759 523,900 SH
SOLE N/A X
HOMESTAKE MNG CO C COM 43761410 272 33,200 SH
SOLE N/A X
HONEYWELL COM 43850610 19247 166,100 SH
SOLE N/A X
HOUSEHOLD INTL COR COM 44181510 2895 61,100 SH
SOLE N/A X
HUMANA COM 44485910 277 21,400 SH
SOLE N/A X
HUNTINGTON BANCSHA COM 44615010 938 26,800 SH
SOLE N/A X
IKON OFFICE SOLUTI COM 45171310 285 19,000 SH
SOLE N/A X
ILLINOIS TOOL WKS COM 45230810 2608 31,900 SH
SOLE N/A X
IMS HEALTH, INC COM 44993410 12513 400,400 SH
SOLE N/A X
INCO LTD COM COM 45325840 644 24,500 SH
SOLE N/A X
INGERSOLL RAND CO COM 45686610 1370 21,200 SH
SOLE N/A X
INTEL CORP COM 45814010 35879 603,000 SH
SOLE N/A X
INTERNATIONAL FLAV COM 45950610 594 13,500 SH
SOLE N/A X
INTERPUBLIC GROUP COM 46069010 1551 17,900 SH
SOLE N/A X
INTL BUSINESS MACH COM 45920010 84193 651,400 SH
SOLE N/A X
INTL PAPER COM 46014610 13181 262,300 SH
SOLE N/A X
ITT INDS INC COM 45091110 427 11,200 SH
SOLE N/A X
JEFFERSON PILOT CO COM 47507010 894 13,500 SH
SOLE N/A X
JOHNSON & JOHNSON COM 47816010 29057 296,500 SH
SOLE N/A X
JOHNSON CTLS INC C COM 47836610 756 10,900 SH
SOLE N/A X
JOSTENS INC COM COM 48108810 93 4,400 SH
SOLE N/A X
K MART CORP COM COM 48258410 1041 63,100 SH
SOLE N/A X
KANSAS CITY SOUTHN COM 48517010 900 14,100 SH
SOLE N/A X
KAUFMAN & BROAD HO COM 48616810 152 6,100 SH
SOLE N/A X
KELLOGG CO COM COM 48783610 1650 50,000 SH
SOLE N/A X
KERR MCGEE CORP CO COM 49238610 552 11,000 SH
SOLE N/A X
KEYCORP NEW COM 49326710 1777 55,300 SH
SOLE N/A X
KIMBERLY CLARK COM 49436810 25245 442,900 SH
SOLE N/A X
KING WORLD PRODUCT COM 49566710 313 9,000 SH
SOLE N/A X
KLA-TENCOR CORPORA COM 48248010 727 11,200 SH
SOLE N/A X
KNIGHT RIDDER INC COM 49904010 551 10,000 SH
SOLE N/A X
KOHLS CORP COM 50025510 1591 20,700 SH
SOLE N/A X
KROGER CO COM COM 50104410 2858 102,300 SH
SOLE N/A X
LAIDLAW INC COM 50730K50 451 42,100 SH
SOLE N/A X
LEHMAN BROS HLDGS COM 52490810 938 15,100 SH
SOLE N/A X
LILLY ELI & CO COM COM 53245710 9784 136,600 SH
SOLE N/A X
LIMITED INC COM COM 53271610 1234 27,200 SH
SOLE N/A X
LINCOLN NATL CORP COM 53418710 1334 25,500 SH
SOLE N/A X
LIZ CLAIBORNE INC COM 53932010 292 8,000 SH
SOLE N/A X
LOCKHEED MARTIN CO COM 53983010 1874 50,300 SH
SOLE N/A X
LOEWS CORP COM COM 54042410 1100 13,900 SH
SOLE N/A X
LONGS DRUG STORES COM 54316210 173 5,000 SH
SOLE N/A X
LOUISIANA PAC CORP COM 54634710 327 13,700 SH
SOLE N/A X
LOWES COS INC COM COM 54866110 2591 45,700 SH
SOLE N/A X
LSI LOGIC CORP COM COM 50216110 839 18,200 SH
SOLE N/A X
LUCENT TECHNOLOGIE COM 54946310 41588 616,692 SH
SOLE N/A X
MALLINCKRODT INC N COM 56123210 331 9,100 SH
SOLE N/A X
MARRIOTT INTL INC COM 57190320 1189 31,800 SH
SOLE N/A X
MARSH & MCLENNAN COM 57174810 18816 248,600 SH
SOLE N/A X
MASCO CORP COM COM 57459910 1242 43,000 SH
SOLE N/A X
MATTEL INC COM COM 57708110 1387 53,100 SH
SOLE N/A X
MAY DEPARTMENT STO COM 57777810 14004 342,600 SH
SOLE N/A X
MAYTAG CORP COM COM 57859210 789 11,300 SH
SOLE N/A X
MBIA COM COM 55262C10 822 12,700 SH
SOLE N/A X
MBNA CORP COM 55262L10 3041 99,300 SH
SOLE N/A X
MCDERMOTT INTL INC COM 58003710 212 7,500 SH
SOLE N/A X
MCDONALD'S COM 58013510 28504 693,100 SH
SOLE N/A X
MCGRAW HILL COMPAN COM 58064510 1359 25,200 SH
SOLE N/A X
MCI WORLDCOM INC COM 55268B10 42790 497,200 SH
SOLE N/A X
MCKESSON HBOC INC COM 58155Q10 1136 35,300 SH
SOLE N/A X
MEAD CORP COM COM 58283410 539 12,900 SH
SOLE N/A X
MEDIAONE GROUP INC COM 58440J10 5556 74,700 SH
SOLE N/A X
MEDTRONIC INC COM COM 58505510 5638 72,400 SH
SOLE N/A X
MELLON BK CORP COM COM 58550910 2343 64,400 SH
SOLE N/A X
MERCANTILE BANCORP COM 58734210 1148 20,100 SH
SOLE N/A X
MERCK & CO INC COM COM 58933110 21837 296,600 SH
SOLE N/A X
MEREDITH CORP COM COM 58943310 229 6,600 SH
SOLE N/A X
MERRILL LYNCH COM 59018810 9691 121,900 SH
SOLE N/A X
MGIC INVT CORP COM 55284810 676 13,900 SH
SOLE N/A X
MICRON TECHNOLOGY COM 59511210 1292 31,900 SH
SOLE N/A X
MICROSOFT COM 59491810 129933 1,440,700 SH
SOLE N/A X
MILACRON INC COM 59870910 87 4,700 SH
SOLE N/A X
MILLIPORE CORP COM COM 60107310 227 5,600 SH
SOLE N/A X
MINNESOTA MINING & COM 60405910 12284 141,300 SH
SOLE N/A X
MIRAGE RESORTS INC COM 60462E10 424 25,300 SH
SOLE N/A X
MOBIL COM 60705910 11830 119,800 SH
SOLE N/A X
MONSANTO CO COM COM 61166210 3185 80,500 SH
SOLE N/A X
MORGAN J P & CO IN COM 61688010 3175 22,600 SH
SOLE N/A X
MORGAN STANLEY DEA COM 61744644 7461 72,700 SH
SOLE N/A X
MOTOROLA COM 62007610 15340 161,900 SH
SOLE N/A X
NABISCO GROUP HLDG COM 62952P10 2277 116,400 SH
SOLE N/A X
NACCO INDUSTRIES I COM 62957910 74 1,000 SH
SOLE N/A X
NALCO CHEM CO COM COM 62985310 436 8,400 SH
SOLE N/A X
NATIONAL CITY CORP COM 63540510 2627 40,100 SH
SOLE N/A X
NATIONAL SEMICONDU COM 63764010 542 21,400 SH
SOLE N/A X
NATIONAL SVC INDS COM 63765710 187 5,200 SH
SOLE N/A X
NAVISTAR INTL CORP COM 63934E10 420 8,400 SH
SOLE N/A X
NETWORK APPLIANCE COM 64120L10 514 9,200 SH
SOLE N/A X
NEW CENTY ENERGIES COM 64352U10 571 14,700 SH
SOLE N/A X
NEW YORK TIMES CO COM 65011110 828 22,500 SH
SOLE N/A X
NEWELL RUBBERMAID COM 65122910 1665 35,900 SH
SOLE N/A X
NEWMONT MNG CORP C COM 65163910 423 21,300 SH
SOLE N/A X
NEXTEL COMMUNICATI COM 65332V10 1892 37,700 SH
SOLE N/A X
NIAGRA MOHAWK HLDG COM 65352010 384 23,900 SH
SOLE N/A X
NICOR INC COM COM 65408610 228 6,000 SH
SOLE N/A X
NIKE INC CL B COM 65410610 2275 35,900 SH
SOLE N/A X
NORDSTROM INC COM COM 65566410 606 18,100 SH
SOLE N/A X
NORFOLK SOUTHN COR COM 65584410 1458 48,400 SH
SOLE N/A X
NORTEL NETWORKS CO COM 65656910 10397 82,000 SH
SOLE N/A X
NORTHERN STS PWR C COM 66577210 474 19,600 SH
SOLE N/A X
NORTHERN TR CORP C COM 66585910 1377 14,200 SH
SOLE N/A X
NORTHROP COM 66680710 2739 41,300 SH
SOLE N/A X
NOVELL INC COM 67000610 1137 42,900 SH
SOLE N/A X
NUCOR CORP COM COM 67034610 527 11,100 SH
SOLE N/A X
OCCIDENTAL PETE CO COM 67459910 938 44,400 SH
SOLE N/A X
OFFICE DEPOT COM 67622010 5134 232,700 SH
SOLE N/A X
OMNICOM GROUP COM COM 68191910 1824 22,800 SH
SOLE N/A X
ONEOK INC NEW COM 68268010 127 4,000 SH
SOLE N/A X
ORACLE CORP COM 68389X10 6812 183,500 SH
SOLE N/A X
OWENS CORNING COM 69073F10 241 7,000 SH
SOLE N/A X
OWENS ILL INC COM 69076840 650 19,900 SH
SOLE N/A X
P G & E CORP COM 69331C10 1586 48,900 SH
SOLE N/A X
P P & L RES INC COM 69349910 618 20,100 SH
SOLE N/A X
PACCAR INC COM COM 69371810 534 10,000 SH
SOLE N/A X
PACIFIC CENTURY FI COM 69405810 6792 315,000 SH
SOLE N/A X
PACIFICORP COM COM 69511410 696 37,900 SH
SOLE N/A X
PAINE WEBBER INC C COM 69562910 870 18,600 SH
SOLE N/A X
PALL CORP COM COM 69642930 353 15,900 SH
SOLE N/A X
PARAMETRIC TECHNOL COM 69917310 479 34,500 SH
SOLE N/A X
PARKER HANNIFIN CO COM 70109410 631 13,800 SH
SOLE N/A X
PAYCHEX INC COM COM 70432610 1001 31,400 SH
SOLE N/A X
PE CORP COM 69332S10 746 6,500 SH
SOLE N/A X
PECO ENERGY CO COM 69330410 1026 24,500 SH
SOLE N/A X
PENNEY (J.C.) COM 70816010 1632 33,600 SH
SOLE N/A X
PEOPLES ENERGY COR COM 71103010 170 4,500 SH
SOLE N/A X
PEOPLESOFT COM 71271310 1608 93,200 SH
SOLE N/A X
PEP BOYS MANNY MOE COM 71327810 141 6,700 SH
SOLE N/A X
PEPSICO COM 71344810 15022 388,300 SH
SOLE N/A X
PFIZER COM 71708110 39785 365,000 SH
SOLE N/A X
PHARMACIA & UPJOHN COM 71694110 17873 314,600 SH
SOLE N/A X
PHELPS DODGE CORP COM 71726510 458 7,400 SH
SOLE N/A X
PHILLIP MORRIS COM 71815410 16782 417,600 SH
SOLE N/A X
PHILLIPS PETE CO C COM 71850710 1620 32,200 SH
SOLE N/A X
PIONEER HI BRED IN COM 72368610 1188 30,500 SH
SOLE N/A X
PITNEY-BOWES COM 72447910 18902 294,200 SH
SOLE N/A X
PLACER DOME INC CO COM 72590610 709 41,500 SH
SOLE N/A X
PNC BANK CORP COM COM 69347510 2236 38,800 SH
SOLE N/A X
POLAROID CORP COM COM 73109510 154 5,600 SH
SOLE N/A X
POTLATCH CORP COM COM 73762810 163 3,700 SH
SOLE N/A X
PPG INDS INC COM COM 69350610 1305 22,100 SH
SOLE N/A X
PRAXAIR INC COM 74005P10 984 20,100 SH
SOLE N/A X
PROCTOR & GAMBLE COM 74271810 36093 404,400 SH
SOLE N/A X
PROGRESSIVE CORP O COM 74331510 1349 9,300 SH
SOLE N/A X
PROVIDIAN FINL COR COM 74406A10 1688 18,100 SH
SOLE N/A X
PUBLIC SVC ENTERPR COM 74457310 1143 28,000 SH
SOLE N/A X
PULTE CORP COM 74586710 127 5,500 SH
SOLE N/A X
QUAKER OATS CO COM COM 74740210 1142 17,200 SH
SOLE N/A X
RALSTON - RALSTON COM 75127730 1263 41,500 SH
SOLE N/A X
RAYCHEM CORP CALIF COM 75460310 366 9,900 SH
SOLE N/A X
RAYTHEON CO COM 75511140 3024 42,900 SH
SOLE N/A X
REEBOK INTL LTD CO COM 75811010 132 7,100 SH
SOLE N/A X
REGION FINL CORP COM 75894010 1099 28,600 SH
SOLE N/A X
RELIANT ENERGY INC COM 75952J10 1044 37,800 SH
SOLE N/A X
REPUBLIC N Y CORP COM 76071910 914 13,400 SH
SOLE N/A X
REYNOLDS METALS CO COM 76176310 484 8,200 SH
SOLE N/A X
RITE AID CORP COM COM 76775410 813 33,000 SH
SOLE N/A X
ROCKWELL INTL CORP COM 77390310 1476 24,300 SH
SOLE N/A X
ROHM AND HAAS COM 77537110 4324 100,855 SH
SOLE N/A X
ROWAN COS INC COM COM 77938210 193 10,600 SH
SOLE N/A X
ROYAL DUTCH PETROL COM 78025780 32258 535,400 SH
SOLE N/A X
RUSSELL CORP COM COM 78235210 86 4,400 SH
SOLE N/A X
RYDER SYS INC COM COM 78354910 232 9,000 SH
SOLE N/A X
SAFECO CORP COM COM 78642910 768 17,400 SH
SOLE N/A X
SAFEWAY INC. COM 78651420 3133 63,300 SH
SOLE N/A X
SARA LEE CORP COM COM 80311110 2536 111,800 SH
SOLE N/A X
SBC COMMUNICATIONS COM 78387G10 37551 647,432 SH
SOLE N/A X
SCHERING PLOUGH CO COM 80660510 9576 182,400 SH
SOLE N/A X
SCHLUMBERGER COM 80685710 21316 334,700 SH
SOLE N/A X
SCHWAB CHARLES COR COM 80851310 4832 52,000 SH
SOLE N/A X
SCIENTIFIC ATLANTA COM 80865510 342 9,500 SH
SOLE N/A X
SEAGATE TECHNOLOGY COM 81180410 728 28,400 SH
SOLE N/A X
SEAGRAM LTD COM COM 81185010 3895 53,100 SH
SOLE N/A X
SEALED AIR CORP NE COM 81211K10 688 10,600 SH
SOLE N/A X
SEARS ROEBUCK & CO COM 81238710 2166 48,600 SH
SOLE N/A X
SEMPRA ENERGY COM 81685110 692 30,600 SH
SOLE N/A X
SERVICE CORP INTL COM 81756510 668 34,700 SH
SOLE N/A X
SHARED MED SYS COR COM 81948610 222 3,400 SH
SOLE N/A X
SHERWIN WILLIAMS C COM 82434810 602 21,700 SH
SOLE N/A X
SIGMA ALDRICH CORP COM 82655210 441 12,800 SH
SOLE N/A X
SILICON GRAPHICS I COM 82705610 395 24,100 SH
SOLE N/A X
SLM HLDG CORP COM 78442A10 953 20,800 SH
SOLE N/A X
SNAP ON INC COM 83303410 304 8,400 SH
SOLE N/A X
SOLECTRON CORP COM 83418210 2147 32,200 SH
SOLE N/A X
SONAT INC COM COM 83541510 464 14,000 SH
SOLE N/A X
SOUTHERN CO COM COM 84258710 2356 88,900 SH
SOLE N/A X
SOUTHTRUST CORP CO COM 84473010 817 21,300 SH
SOLE N/A X
SOUTHWEST AIRLS CO COM 84474110 1332 42,800 SH
SOLE N/A X
SPRINGS INDS INC COM 85178310 100 2,300 SH
SOLE N/A X
SPRINT COM 85206110 20686 390,300 SH
SOLE N/A X
SPRINT PCS COM 85206150 7188 126,100 SH
SOLE N/A X
ST JUDE MED INC CO COM 79084910 381 10,700 SH
SOLE N/A X
ST PAUL COS INC CO COM 79286010 916 28,800 SH
SOLE N/A X
STANLEY WKS COM COM 85461610 364 11,300 SH
SOLE N/A X
STAPLES INC COM 85503010 1785 57,700 SH
SOLE N/A X
STATE STREET CORP COM 85747710 1750 20,500 SH
SOLE N/A X
SUMMIT BANCORP COM 86600510 912 21,800 SH
SOLE N/A X
SUN MICROSYSTEMS C COM 86681010 6529 94,800 SH
SOLE N/A X
SUNOCO INC COM 86764P10 347 11,500 SH
SOLE N/A X
SUNTRUST BKS INC C COM 86791410 2729 39,300 SH
SOLE N/A X
SUPERVALU INC COM 86853610 393 15,200 SH
SOLE N/A X
SYNOVUS FINCL CORP COM 87161C10 688 34,600 SH
SOLE N/A X
SYSCO CORP COM COM 87182910 1258 42,200 SH
SOLE N/A X
TANDY CORP COM COM 87538210 1207 24,700 SH
SOLE N/A X
TEKTRONIX INC COM COM 87913110 181 6,000 SH
SOLE N/A X
TELEFONICA DE ESPA COM 87938220 24612 167,286 SH
SOLE N/A X
TELLABS INC COM COM 87966410 3236 47,900 SH
SOLE N/A X
TEMPLE INLAND COM 87986810 7350 107,100 SH
SOLE N/A X
TENET HEALTHCARE C COM 88033G10 735 39,600 SH
SOLE N/A X
TENNECO INC NEW COM 88037E10 518 21,700 SH
SOLE N/A X
TEXACO COM 88169410 8945 143,400 SH
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TEXAS INSTRS INC C COM 88250810 6984 48,500 SH
SOLE N/A X
TEXAS UTILS CO COM COM 88284810 1483 35,800 SH
SOLE N/A X
TEXTRON INC COM COM 88320310 1580 19,200 SH
SOLE N/A X
THERMO ELECTRON CO COM 88355610 403 20,100 SH
SOLE N/A X
THOMAS & BETTS COM 88431510 6246 132,200 SH
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TIME WARNER INC COM 88731510 10807 148,800 SH
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TIMES MIRROR CO NE COM 88736410 545 9,200 SH
SOLE N/A X
TIMKEN CO COM COM 88738910 154 7,900 SH
SOLE N/A X
TJX COS INC COM 87254010 1313 39,400 SH
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TORCHMARK CORP COM COM 89102710 580 17,000 SH
SOLE N/A X
TOYS R US INC COM COM 89233510 656 31,700 SH
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TRANSAMERICA CORP COM 89348510 1193 15,900 SH
SOLE N/A X
TRIBUNE CO NEW COM COM 89604710 1316 15,100 SH
SOLE N/A X
TRICON GLOBAL REST COM 89595310 1061 19,600 SH
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TRW INC COM COM 87264910 840 15,300 SH
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TUPPERWARE CORP COM 89989610 186 7,300 SH
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TYCO INTERNATIONAL COM 90212410 17108 180,559 SH
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U S AIRWAYS GROUP COM 91190510 409 9,400 SH
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U S WEST INC NEW COM 91273H10 3666 62,400 SH
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UNICOM CORP COM 90491110 1068 27,700 SH
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UNILEVER N V COM 90478470 4952 71,000 SH
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UNION CARBIDE CORP COM 90558110 824 16,900 SH
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UNION PACIFIC COM 90781810 10590 181,600 SH
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UNION PACIFIC RESO COM 90783410 2320 142,202 SH
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UNION PLANTERS COR COM 90806810 813 18,200 SH
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UNISYS CORP COM COM 90921410 1339 34,400 SH
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UNITED HEALTHCARE COM 91058110 1384 22,100 SH
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UNITED TECHNOLOGIE COM 91301710 23148 321,500 SH
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UNOCAL COM 91528910 9149 230,900 SH
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UNUMPROVIDENT CORP COM 91529Y10 1753 30,300 SH
SOLE N/A X
US BANCORP, DEL COM 90297310 46815 1,402,700 SH
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UST INC COM 90291110 660 22,500 SH
SOLE N/A X
USX - MARATHON GRO COM 90290582 3722 114,300 SH
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USX-US STEEL GROUP COM 90337T10 305 11,300 SH
SOLE N/A X
V F CORP COM COM 91820410 654 15,300 SH
SOLE N/A X
VIACOM INC CLASS B COM 92552430 3749 85,200 SH
SOLE N/A X
VODAFONE GROUP ADR COM 92857T10 3696 76,250 SH
SOLE N/A X
VULCAN MATLS CO CO COM 92916010 622 12,900 SH
SOLE N/A X
WACHOVIA CORP COM 92977110 13981 163,400 SH
SOLE N/A X
WALGREEN CO COM COM 93142210 3648 124,200 SH
SOLE N/A X
WAL-MART COM 93114210 53813 1,115,300 SH
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WARNER LAMBERT COM 93448810 38682 559,600 SH
SOLE N/A X
WASHINGTON MUT INC COM 93932210 2600 73,100 SH
SOLE N/A X
WASHINGTON POST - COM 93964010 16133 30,000 SH
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WASTE MGMT INC DEL COM 94106L10 4047 75,300 SH
SOLE N/A X
WATSON PHARMACEUTI COM 94268310 428 12,200 SH
SOLE N/A X
WELLPOINT HEALTH N COM 94973H10 730 8,600 SH
SOLE N/A X
WELLS FARGO & CO N COM 94974610 8704 203,600 SH
SOLE N/A X
WENDYS INTL INC CO COM 95059010 447 15,700 SH
SOLE N/A X
WESTVACO CORP COM COM 96154810 371 12,800 SH
SOLE N/A X
WEYERHAEUSER CO CO COM 96216610 1760 25,600 SH
SOLE N/A X
WHIRLPOOL COM 96332010 6260 84,600 SH
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WILLAMETTE INDS IN COM 96913310 654 14,200 SH
SOLE N/A X
WILLIAMS COS COM COM 96945710 2281 53,600 SH
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WINN DIXIE STORES COM 97428010 698 18,900 SH
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WORTHINGTON INDS I COM 98181110 192 11,700 SH
SOLE N/A X
WRIGLEY WM JR CO C COM 98252610 1320 14,800 SH
SOLE N/A X
XEROX COM 98412110 11476 194,300 SH
SOLE N/A X
</TABLE>
