UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Sept 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, November 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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<TABLE> <C> <C>
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 1325 46100SH
SOLE N/A X
ABBOTT LABORATORIE COM 282410 7110 193800SH
SOLE N/A X
ADAPTEC COM 00651F10 476 12000SH
SOLE N/A X
ADC TELECOMMUNICAT COM 88610 713 17000SH
SOLE N/A X
ADOBE SYS INC COM COM 00724F10 885 7800SH
SOLE N/A X
ADVANCED MICRO DEV COM 790310 321 18700SH
SOLE N/A X
AES CORP COM 00130H10 1434 24300SH
SOLE N/A X
AETNA INC COM 811710 887 18000SH
SOLE N/A X
AFLAC CORP COM 105510 1428 34100SH
SOLE N/A X
AIR PRODUCTS & CHE COM 915810 854 29200SH
SOLE N/A X
ALBERTO CULVER CO COM 1306810 167 7200SH
SOLE N/A X
ALBERTSONS INC COM COM 1310410 2121 53600SH
SOLE N/A X
ALCAN ALUM LTD COM COM 1371610 900 28800SH
SOLE N/A X
ALCOA, INC COM 1381710 2923 47100SH
SOLE N/A X
ALLEGHENY TELEDYNE COM 1741510 415 24600SH
SOLE N/A X
ALLERGAN INC COM 1849010 935 8500SH
SOLE N/A X
ALLIED SIGNAL COM 1951210 4226 70500SH
SOLE N/A X
ALLIED WASTE INDUS COM 1958930 269 23000SH
SOLE N/A X
ALLSTATE CORP COM 2000210 2489 99800SH
SOLE N/A X
ALLTEL CORP COM COM 2003910 2526 35900SH
SOLE N/A X
ALZA CORP CL A COM 2261510 552 12900SH
SOLE N/A X
AMERADA HESS CORP COM 2355110 704 11500SH
SOLE N/A X
AMEREN CORP COM 2360810 662 17500SH
SOLE N/A X
AMERICA ON LINE COM 02364J10 14413 138500SH
SOLE N/A X
AMERICAN ELEC PWR COM 2553710 839 24600SH
SOLE N/A X
AMERICAN EXPRESS COM 2581610 7749 57400SH
SOLE N/A X
AMERICAN GENERAL C COM 2635110 2024 32000SH
SOLE N/A X
AMERICAN GREETINGS COM 2637510 221 8600SH
SOLE N/A X
AMERICAN HOME PROD COM 2660910 6931 167000SH
SOLE N/A X
AMERICAN INTL GROU COM 2687410 17159 197375SH
SOLE N/A X
AMERICAN TEL & TEL COM 195710 17604 404700SH
SOLE N/A X
AMERITECH CORPORAT COM 3095410 9065 135800SH
SOLE N/A X
AMGEN COM 3116210 5322 65300SH
SOLE N/A X
AMR CORP DEL COM COM 176510 1068 19600SH
SOLE N/A X
AMSOUTH BANCORPORA COM 3216510 527 22500SH
SOLE N/A X
ANADARKO PETE CORP COM 3251110 471 15400SH
SOLE N/A X
ANDREW CORP COM COM 3442510 182 10500SH
SOLE N/A X
ANHEUSER BUSCH COS COM 3522910 4078 58200SH
SOLE N/A X
AON CORP COM COM 3738910 967 32700SH
SOLE N/A X
APACHE CORP COM COM 3741110 618 14300SH
SOLE N/A X
APPLE COMPUTER COM 3783310 1285 20300SH
SOLE N/A X
APPLIED MATLS INC COM 3822210 3698 47600SH
SOLE N/A X
ARCHER DANIELS MID COM 3948310 926 76335SH
SOLE N/A X
ARMSTRONG WORLD IN COM 4247610 229 5100SH
SOLE N/A X
ASARCO INC COM COM 4341310 138 5100SH
SOLE N/A X
ASHLAND INC COM 4420410 313 9300SH
SOLE N/A X
ASSOCIATES FIRST C COM 4600810 3341 92800SH
SOLE N/A X
ATLANTIC RICHFIELD COM 4882510 3634 41000SH
SOLE N/A X
AUTODESK INC COM COM 5276910 164 7500SH
SOLE N/A X
AUTOMATIC DATA PRO COM 5301510 3521 78900SH
SOLE N/A X
AUTOZONE INC COM 5333210 536 19100SH
SOLE N/A X
AVERY DENNISON COR COM 5361110 765 14500SH
SOLE N/A X
AVON PRODS INC COM COM 5430310 829 33400SH
SOLE N/A X
BAKER HUGHES INC C COM 5722410 1209 41700SH
SOLE N/A X
BALL CORP COM COM 5849810 172 3900SH
SOLE N/A X
BANK NEW YORK INC COM 6405710 3113 93100SH
SOLE N/A X
BANK OF AMERICA CO COM 6050510 12218 219400SH
SOLE N/A X
BANK ONE CORP COM 06423A10 5173 148600SH
SOLE N/A X
BANKBOSTON CORP COM 06605R10 1640 37800SH
SOLE N/A X
BARD C R INC COM COM 6738310 311 6600SH
SOLE N/A X
BARRICK GOLD CORP COM 6790110 1590 49700SH
SOLE N/A X
BAUSCH & LOMB INC COM 7170710 481 7300SH
SOLE N/A X
BAXTER INTERNATION COM 7181310 2241 37200SH
SOLE N/A X
BB & T CORP COM 5493710 1298 40100SH
SOLE N/A X
BEAR STEARNS COS I COM 7390210 569 14800SH
SOLE N/A X
BECTON DICKINSON & COM 7588710 892 31800SH
SOLE N/A X
BED BATH & BEYOND COM 7589610 489 14000SH
SOLE N/A X
BELL ATLANTIC COM 7785310 13321 197900SH
SOLE N/A X
BELLSOUTH CORP COM 7986010 10751 238900SH
SOLE N/A X
BEMIS INC COM COM 8143710 227 6700SH
SOLE N/A X
BEST BUY INC COM COM 8651610 1618 26100SH
SOLE N/A X
BESTFOODS COM 08658U10 1729 35600SH
SOLE N/A X
BETHLEHEM STL CORP COM 8750910 122 16600SH
SOLE N/A X
BIOMET INC COM COM 9061310 376 14300SH
SOLE N/A X
BLACK & DECKER COR COM 9179710 507 11100SH
SOLE N/A X
BLOCK H & R INC CO COM 9367110 539 12400SH
SOLE N/A X
BMC SOFTWARE INC COM 5592110 2154 30100SH
SOLE N/A X
BOEING CO COM COM 9702310 5141 120600SH
SOLE N/A X
BOISE CASCADE CORP COM 9738310 262 7200SH
SOLE N/A X
BOSTON SCIENTIFIC COM 10113710 1247 50400SH
SOLE N/A X
BRIGGS & STRATTON COM 10904310 175 3000SH
SOLE N/A X
BRISTOL-MYERS SQUI COM 11012210 17091 253200SH
SOLE N/A X
BROWN FORMAN CORP COM 11563720 543 8700SH
SOLE N/A X
BRUNSWICK CORP COM COM 11704310 291 11700SH
SOLE N/A X
BURLINGTON NORTN S COM 12189T10 1595 58000SH
SOLE N/A X
BURLINGTON RESOURC COM 12201410 831 22600SH
SOLE N/A X
CABLETRON SYS INC COM 12692010 345 22000SH
SOLE N/A X
CAMPBELL SOUP CO COM 13442910 2175 55600SH
SOLE N/A X
CAPITAL ONE FINL C COM 14040H10 983 25200SH
SOLE N/A X
CARDINAL HEALTH IN COM 14149Y10 1891 34700SH
SOLE N/A X
CARNIVAL CORP COM 14365810 3402 78200SH
SOLE N/A X
CAROLINA PWR & LT COM 14414110 683 19300SH
SOLE N/A X
CASE CORP COM 14743R10 473 9500SH
SOLE N/A X
CATERPILLAR COM 14912310 2488 45400SH
SOLE N/A X
CBS CORP COM 12490K10 4070 88000SH
SOLE N/A X
CENDANT CORP COM 15131310 1489 83894SH
SOLE N/A X
CENTEX CORP COM COM 15231210 225 7600SH
SOLE N/A X
CENTRAL & SOUTH WE COM 15235710 572 27100SH
SOLE N/A X
CENTURYTEL INC COM 15670010 723 17800SH
SOLE N/A X
CERIDIAN CORP COM 15677T10 458 18400SH
SOLE N/A X
CHAMPION INTL CORP COM 15852510 627 12200SH
SOLE N/A X
CHASE MANHATTAN BA COM 16161A10 7945 105400SH
SOLE N/A X
CHEVRON COM 16675110 7420 83600SH
SOLE N/A X
CHUBB CORP COM COM 17123210 1022 20600SH
SOLE N/A X
CIGNA CORP COM COM 12550910 2014 25900SH
SOLE N/A X
CINCINNATI FINL CO COM 17206210 792 21100SH
SOLE N/A X
CINERGY CORP COM 17247410 575 20300SH
SOLE N/A X
CIRCUIT CITY STORE COM 17273710 1080 25600SH
SOLE N/A X
CISCO SYSTEMS COM 17275R10 27926 407300SH
SOLE N/A X
CITIGROUP, INC COM 17296710 18955 430800SH
SOLE N/A X
CLEAR CHANNEL COMM COM 18450210 3379 42300SH
SOLE N/A X
CLOROX CO COM COM 18905410 1148 30000SH
SOLE N/A X
CMS ENERGY CORP CO COM 12589610 509 15000SH
SOLE N/A X
COASTAL CORP COM COM 19044110 1114 27200SH
SOLE N/A X
COCA COLA COM 19121610 15179 314600SH
SOLE N/A X
COCA COLA ENTERPRI COM 19121910 1221 54100SH
SOLE N/A X
COLGATE PALMOLIVE COM 19416210 3413 74600SH
SOLE N/A X
COLUMBIA ENERGY GR COM 19764810 581 10500SH
SOLE N/A X
COLUMBIA/HCA COM 19767710 1534 72400SH
SOLE N/A X
COMCAST CORP COM 20030020 3609 90500SH
SOLE N/A X
COMERICA INC COM COM 20034010 1007 19900SH
SOLE N/A X
COMPAQ COMPUTERS COM 20449310 4957 216700SH
SOLE N/A X
COMPUTER ASSOC INT COM 20491210 4053 66300SH
SOLE N/A X
COMPUTER SCIENCES COM 20536310 1420 20200SH
SOLE N/A X
COMPUWARE CORP COM COM 20563810 1175 45100SH
SOLE N/A X
CONAGRA INC COM COM 20588710 1363 60400SH
SOLE N/A X
CONOCO, INC CLASS COM 20825140 2117 77337SH
SOLE N/A X
CONSECO INC COM COM 20846410 783 41200SH
SOLE N/A X
CONSOLIDATED EDISO COM 20911510 1162 28000SH
SOLE N/A X
CONSOLIDATED NAT G COM 20961510 761 12200SH
SOLE N/A X
CONSOLIDATED STORE COM 21014910 309 14000SH
SOLE N/A X
CONSTELLATION ENER COM 21037110 537 19100SH
SOLE N/A X
COOPER INDS INC CO COM 21666910 561 12000SH
SOLE N/A X
COOPER TIRE & RUBB COM 21683110 171 9700SH
SOLE N/A X
COORS ADOLPH CO CL COM 21701610 254 4700SH
SOLE N/A X
CORNING INC COM 21935010 2132 31100SH
SOLE N/A X
COSTCO WHSL CORP COM 22160K10 2016 28000SH
SOLE N/A X
COUNTRYWIDE CR IND COM 22237210 464 14400SH
SOLE N/A X
CRANE CO COM COM 22439910 195 8700SH
SOLE N/A X
CROWN CORK & SEAL COM 22825510 378 15600SH
SOLE N/A X
CSX CORP COM COM 12640810 1174 27700SH
SOLE N/A X
CUMMINS ENGINE INC COM 23102110 269 5400SH
SOLE N/A X
CVS CORP COM 12665010 1971 48300SH
SOLE N/A X
CYPRUS AMAX MINERA COM 23280910 226 11500SH
SOLE N/A X
DANA CORP COM COM 23581110 787 21200SH
SOLE N/A X
DANAHER CORP COM COM 23585110 911 17300SH
SOLE N/A X
DARDEN RESTAURANTS COM 23719410 335 17100SH
SOLE N/A X
DATA GEN CORP COM COM 23768810 137 6500SH
SOLE N/A X
DAYTON HUDSON COM 23975310 3388 56400SH
SOLE N/A X
DEERE & CO COM COM 24419910 1141 29500SH
SOLE N/A X
DELL COMPUTER CORP COM 24702510 13518 323300SH
SOLE N/A X
DELPHI AUTOMOTIVE COM 24712610 1157 72000SH
SOLE N/A X
DELTA AIR LINES IN COM 24736110 868 17900SH
SOLE N/A X
DELUXE CORPORATION COM 24801910 340 10000SH
SOLE N/A X
DILLARDS INC CL A COM 25406710 276 13600SH
SOLE N/A X
DISNEY (WALT) CO COM 25468710 6825 262500SH
SOLE N/A X
DOLLAR GEN CORP CO COM 25666910 871 28200SH
SOLE N/A X
DOMINION RES INC V COM 25747010 1106 24500SH
SOLE N/A X
DONNELLEY R R & SO COM 25786710 482 16700SH
SOLE N/A X
DOVER CORP COM COM 26000310 1112 27200SH
SOLE N/A X
DOW CHEM CO COM COM 26054310 3182 28000SH
SOLE N/A X
DOW JONES & CO INC COM 26056110 614 11500SH
SOLE N/A X
DTE ENERGY COM 23333110 673 18500SH
SOLE N/A X
DUKE ENERGY CORPOR COM 26439910 2558 46400SH
SOLE N/A X
DUN & BRADSTREET C COM 26483B10 624 20900SH
SOLE N/A X
DUPONT (EI) DE NEM COM 26353410 7471 123489SH
SOLE N/A X
EASTERN ENTERPRISE COM 27637F10 135 2900SH
SOLE N/A X
EASTMAN CHEM CO COM 27743210 399 10000SH
SOLE N/A X
EASTMAN KODAK COM 27746110 3101 41000SH
SOLE N/A X
EATON CORP COM COM 27805810 794 9200SH
SOLE N/A X
ECOLAB INC COM COM 27886510 563 16500SH
SOLE N/A X
EDISON INTL COM 28102010 1077 44300SH
SOLE N/A X
EG & G INC COM COM 26845710 231 5800SH
SOLE N/A X
ELECTRONIC DATA SY COM 28566110 3224 60900SH
SOLE N/A X
EMC CORP MASS COM COM 26864810 9215 129100SH
SOLE N/A X
EMERSON ELECTRIC COM 29101110 3507 55500SH
SOLE N/A X
ENGELHARD CORP COM COM 29284510 292 16000SH
SOLE N/A X
ENRON CORP COM COM 29356110 3704 90200SH
SOLE N/A X
ENTERGY CORP NEW COM 29364G10 912 31500SH
SOLE N/A X
EQUIFAX INC COM 29442910 518 18400SH
SOLE N/A X
EXXON COM 30229010 23522 309500SH
SOLE N/A X
FDX CORP COM 31304N10 1473 37900SH
SOLE N/A X
FEDERAL HOME LN MT COM 31340030 4467 85900SH
SOLE N/A X
FEDERAL NATIONAL M COM 31358610 8193 130700SH
SOLE N/A X
FEDERATED DEPT STO COM 31410H10 1162 26600SH
SOLE N/A X
FIFTH THIRD BANCOR COM 31677310 2087 34300SH
SOLE N/A X
FIRST DATA COM 31996310 2418 55100SH
SOLE N/A X
FIRST UNION CORP COM 33735810 4318 121200SH
SOLE N/A X
FIRSTAR CORP NEW W COM 33763V10 3173 123829SH
SOLE N/A X
FIRSTENERGY CORP COM 33793210 757 29900SH
SOLE N/A X
FLEET FINL GROUP I COM 33891510 2663 72700SH
SOLE N/A X
FLEETWOOD ENTERPRI COM 33909910 89 4400SH
SOLE N/A X
FLORIDA PROGRESS C COM 34110910 578 12500SH
SOLE N/A X
FLUOR CORP COM COM 34386110 390 9700SH
SOLE N/A X
FMC CORP COM NEW COM 30249130 193 4000SH
SOLE N/A X
FORD MOTOR CO COM 34537010 7759 154400SH
SOLE N/A X
FORT JAMES CORP COM 34747110 750 28100SH
SOLE N/A X
FORTUNE BRANDS INC COM 34963110 687 21300SH
SOLE N/A X
FOSTER WHEELER COM 35024410 63 5200SH
SOLE N/A X
FPL GROUP INC COM 30257110 1159 23000SH
SOLE N/A X
FRANKLIN RESOURCES COM 35461310 981 32100SH
SOLE N/A X
FREEPORT-MCMORAN C COM 35671D85 324 20800SH
SOLE N/A X
GANNETT COM 36473010 2463 35600SH
SOLE N/A X
GAP COM 36476010 3507 109600SH
SOLE N/A X
GATEWAY INC COM 36762610 1760 40000SH
SOLE N/A X
GENERAL DYNAMICS C COM 36955010 1455 23300SH
SOLE N/A X
GENERAL ELECTRIC COM 36960410 49215 415100SH
SOLE N/A X
GENERAL INSTR CORP COM 37012010 1056 22000SH
SOLE N/A X
GENERAL MILLS INC COM 37033410 1582 19500SH
SOLE N/A X
GENERAL MOTORS COM 37044210 5129 81500SH
SOLE N/A X
GENUINE PARTS CO C COM 37246010 606 22800SH
SOLE N/A X
GEORGIA PAC CORP C COM 37329810 886 21900SH
SOLE N/A X
GILLETTE COM 37576610 4663 137400SH
SOLE N/A X
GLOBAL CROSSING LT COM G3921A10 1784 67305SH
SOLE N/A X
GOLDEN WEST FINL C COM 38131710 708 7200SH
SOLE N/A X
GOODRICH B F CO CO COM 38238810 363 12500SH
SOLE N/A X
GOODYEAR TIRE & RU COM 38255010 958 19900SH
SOLE N/A X
GPU INC COM 36225X10 522 16000SH
SOLE N/A X
GRACE W R & CO DEL COM 38388F10 144 8800SH
SOLE N/A X
GRAINGER W W INC C COM 38480210 572 11900SH
SOLE N/A X
GREAT ATLANTIC & P COM 39006410 149 4900SH
SOLE N/A X
GREAT LAKES CHEM C COM 39056810 282 7400SH
SOLE N/A X
GTE CORP COM COM 36232010 9371 121900SH
SOLE N/A X
GUIDANT CORP COM 40169810 2065 38500SH
SOLE N/A X
HALLIBURTON CO COM 40621610 2304 56200SH
SOLE N/A X
HARCOURT GENERAL I COM 41163G10 379 9100SH
SOLE N/A X
HARRAHS ENTMT INC COM 41361910 452 16300SH
SOLE N/A X
HARRIS CORP DEL CO COM 41387510 282 10200SH
SOLE N/A X
HARTFORD FINL SVCS COM 41651510 1181 28900SH
SOLE N/A X
HASBRO INC COM COM 41805610 535 24900SH
SOLE N/A X
HEALTHSOUTH CORP COM 42192410 314 51200SH
SOLE N/A X
HEINZ COM 42307410 1969 45800SH
SOLE N/A X
HELMERICH & PAYNE COM 42345210 159 6300SH
SOLE N/A X
HERCULES INC COM COM 42705610 366 12800SH
SOLE N/A X
HERSHEY FOODS CORP COM 42786610 867 17800SH
SOLE N/A X
HEWLETT PACKARD COM 42823610 11743 129400SH
SOLE N/A X
HILTON HOTELS CORP COM 43284810 325 32900SH
SOLE N/A X
HOME DEPOT COM 43707610 12963 188900SH
SOLE N/A X
HOMESTAKE MNG CO C COM 43761410 305 33200SH
SOLE N/A X
HONEYWELL COM 43850610 1792 16100SH
SOLE N/A X
HOUSEHOLD INTL COR COM 44181510 2452 61100SH
SOLE N/A X
HUMANA COM 44485910 147 21400SH
SOLE N/A X
HUNTINGTON BANCSHA COM 44615010 783 29480SH
SOLE N/A X
IKON OFFICE SOLUTI COM 45171310 203 19000SH
SOLE N/A X
ILLINOIS TOOL WKS COM 45230810 2379 31900SH
SOLE N/A X
IMS HEALTH, INC COM 44993410 922 40400SH
SOLE N/A X
INCO LTD COM COM 45325840 769 24500SH
SOLE N/A X
INGERSOLL RAND CO COM 45686610 1165 21200SH
SOLE N/A X
INTEL CORP COM 45814010 31137 419000SH
SOLE N/A X
INTERNATIONAL FLAV COM 45950610 466 13500SH
SOLE N/A X
INTERPUBLIC GROUP COM 46069010 1472 35800SH
SOLE N/A X
INTL BUSINESS MACH COM 45920010 27757 229400SH
SOLE N/A X
INTL PAPER COM 46014610 2514 52300SH
SOLE N/A X
ITT INDS INC COM 45091110 356 11200SH
SOLE N/A X
JEFFERSON PILOT CO COM 47507010 853 13500SH
SOLE N/A X
JOHNSON & JOHNSON COM 47816010 15757 171500SH
SOLE N/A X
JOHNSON CTLS INC C COM 47836610 723 10900SH
SOLE N/A X
JOSTENS INC COM COM 48108810 84 4400SH
SOLE N/A X
K MART CORP COM COM 48258410 737 63100SH
SOLE N/A X
KANSAS CITY SOUTHN COM 48517010 656 14100SH
SOLE N/A X
KAUFMAN & BROAD HO COM 48616810 126 6100SH
SOLE N/A X
KELLOGG CO COM COM 48783610 1872 50000SH
SOLE N/A X
KERR MCGEE CORP CO COM 49238610 606 11000SH
SOLE N/A X
KEYCORP NEW COM 49326710 1427 55300SH
SOLE N/A X
KIMBERLY CLARK COM 49436810 3582 67900SH
SOLE N/A X
KING WORLD PRODUCT COM 49566710 338 9000SH
SOLE N/A X
KLA-TENCOR CORPORA COM 48248010 728 11200SH
SOLE N/A X
KNIGHT RIDDER INC COM 49904010 550 10000SH
SOLE N/A X
KOHLS CORP COM 50025510 1369 20700SH
SOLE N/A X
KROGER CO COM COM 50104410 2257 102300SH
SOLE N/A X
LAIDLAW INC COM 50730K50 284 42100SH
SOLE N/A X
LEHMAN BROS HLDGS COM 52490810 881 15100SH
SOLE N/A X
LEXMARK INTL GROUP COM 52977110 1208 15000SH
SOLE N/A X
LILLY ELI & CO COM COM 53245710 8768 136600SH
SOLE N/A X
LIMITED INC COM COM 53271610 1040 27200SH
SOLE N/A X
LINCOLN NATL CORP COM 53418710 958 25500SH
SOLE N/A X
LIZ CLAIBORNE INC COM 53932010 248 8000SH
SOLE N/A X
LOCKHEED MARTIN CO COM 53983010 1644 50300SH
SOLE N/A X
LOEWS CORP COM COM 54042410 976 13900SH
SOLE N/A X
LONGS DRUG STORES COM 54316210 149 5000SH
SOLE N/A X
LOUISIANA PAC CORP COM 54634710 214 13700SH
SOLE N/A X
LOWES COS INC COM COM 54866110 2228 45700SH
SOLE N/A X
LSI LOGIC CORP COM COM 50216110 946 18200SH
SOLE N/A X
LUCENT TECHNOLOGIE COM 54946310 25146 387600SH
SOLE N/A X
MALLINCKRODT INC N COM 56123210 275 9100SH
SOLE N/A X
MANOR CARE COM 56405510 358 14200SH
SOLE N/A X
MARRIOTT INTL INC COM 57190320 1039 31800SH
SOLE N/A X
MARSH & MCLENNAN COM 57174810 2302 33600SH
SOLE N/A X
MASCO CORP COM COM 57459910 1736 56000SH
SOLE N/A X
MATTEL INC COM COM 57708110 1009 53100SH
SOLE N/A X
MAY DEPARTMENT STO COM 57777810 1552 42600SH
SOLE N/A X
MAYTAG CORP COM COM 57859210 376 11300SH
SOLE N/A X
MBIA COM COM 55262C10 592 12700SH
SOLE N/A X
MBNA CORP COM 55262L10 2265 99300SH
SOLE N/A X
MCDERMOTT INTL INC COM 58003710 152 7500SH
SOLE N/A X
MCDONALD'S COM 58013510 7487 173100SH
SOLE N/A X
MCGRAW HILL COMPAN COM 58064510 1219 25200SH
SOLE N/A X
MCI WORLDCOM INC COM 55268B10 17049 237200SH
SOLE N/A X
MCKESSON HBOC INC COM 58155Q10 1024 35300SH
SOLE N/A X
MEAD CORP COM COM 58283410 443 12900SH
SOLE N/A X
MEDIAONE GROUP INC COM 58440J10 5103 74700SH
SOLE N/A X
MEDTRONIC INC COM COM 58505510 5149 144800SH
SOLE N/A X
MELLON BK CORP COM COM 58550910 2165 64400SH
SOLE N/A X
MERCK & CO INC COM COM 58933110 19223 296600SH
SOLE N/A X
MEREDITH CORP COM COM 58943310 240 6600SH
SOLE N/A X
MERRILL LYNCH COM 59018810 3160 46900SH
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QUALCOMM COM 74752510 3595 19000SH
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</TABLE>
