UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Dec 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: 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, December 24, 2000
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.
<PAGE>
<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
ADC TELECOMMUNICAT COM 88610 1234 17000 SH
SOLE N/A X
AFLAC CORP COM 105510 1609 34100 SH
SOLE N/A X
AES CORP COM 00130H10 1816 24300 SH
SOLE N/A X
AMR CORP DEL COM COM 176510 1313 19600 SH
SOLE N/A X
AMERICAN TEL & TEL COM 195710 20411 401700 SH
SOLE N/A X
ABBOTT LABORATORIE COM 282410 6863 189000 SH
SOLE N/A X
ADAPTEC COM 00651F10 599 12000 SH
SOLE N/A X
ADOBE SYS INC COM COM 00724F10 1049 15600 SH
SOLE N/A X
ADVANCED MICRO DEV COM 790310 541 18700 SH
SOLE N/A X
AETNA INC COM 811710 1005 18000 SH
SOLE N/A X
AIR PRODUCTS & CHE COM 915810 980 29200 SH
SOLE N/A X
ALBERTO CULVER CO COM 1306810 186 7200 SH
SOLE N/A X
ALBERTSONS INC COM COM 1310410 1729 53600 SH
SOLE N/A X
ALCAN ALUM LTD-ADR COM 1371610 1192 28800 SH
SOLE N/A X
ALCOA, INC COM 1381710 3909 47100 SH
SOLE N/A X
ALLEGHENY TECHNOLO COM 01741R10 276 12300 SH
SOLE N/A X
ALLERGAN INC COM 1849010 846 17000 SH
SOLE N/A X
ALLIED WASTE INDUS COM 1958930 203 23000 SH
SOLE N/A X
ALLSTATE CORP COM 2000210 2401 99800 SH
SOLE N/A X
ALLTEL CORP COM COM 2003910 2968 35900 SH
SOLE N/A X
ALZA CORP CL A COM 2261510 447 12900 SH
SOLE N/A X
AMERADA HESS CORP COM 2355110 653 11500 SH
SOLE N/A X
AMEREN CORP COM 2360810 573 17500 SH
SOLE N/A X
AMERICA ON LINE COM 02364J10 20638 272000 SH
SOLE N/A X
AMERICAN ELEC PWR COM 2553710 790 24600 SH
SOLE N/A X
AMERICAN EXPRESS COM 2581610 9543 57400 SH
SOLE N/A X
AMERICAN GENERAL C COM 2635110 2428 32000 SH
SOLE N/A X
AMERICAN GREETINGS COM 2637510 203 8600 SH
SOLE N/A X
AMERICAN HOME PROD COM 2660910 6398 163000 SH
SOLE N/A X
AMERICAN INTL GROU COM 2687410 20811 192475 SH
SOLE N/A X
AMGEN COM 3116210 7664 127600 SH
SOLE N/A X
AMSOUTH BANCORPORA COM 3216510 859 44500 SH
SOLE N/A X
ANADARKO PETE CORP COM 3251110 526 15400 SH
SOLE N/A X
ANALOG DEVICES COM 3265410 1767 19000 SH
SOLE N/A X
ANDREW CORP COM COM 3442510 199 10500 SH
SOLE N/A X
ANHEUSER BUSCH COS COM 3522910 4125 58200 SH
SOLE N/A X
AON CORP COM COM 3738910 1308 32700 SH
SOLE N/A X
APACHE CORP COM COM 3741110 528 14300 SH
SOLE N/A X
APPLE COMPUTER COM 3783310 2087 20300 SH
SOLE N/A X
APPLIED MATLS INC COM 3822210 6030 47600 SH
SOLE N/A X
ARCHER DANIELS MID COM 3948310 926 76335 SH
SOLE N/A X
ARMSTRONG WORLD IN COM 4247610 170 5100 SH
SOLE N/A X
ASHLAND INC COM 4420410 306 9300 SH
SOLE N/A X
ASSOCIATES FIRST C COM 4600810 2546 92800 SH
SOLE N/A X
ATLANTIC RICHFIELD COM 4882510 3547 41000 SH
SOLE N/A X
AUTODESK INC COM COM 5276910 253 7500 SH
SOLE N/A X
AUTOMATIC DATA PRO COM 5301510 4251 78900 SH
SOLE N/A X
AUTOZONE INC COM 5333210 617 19100 SH
SOLE N/A X
AVERY DENNISON COR COM 5361110 1057 14500 SH
SOLE N/A X
AVON PRODS INC COM COM 5430310 1102 33400 SH
SOLE N/A X
BB & T CORP COM 5493710 1098 40100 SH
SOLE N/A X
BMC SOFTWARE INC COM 5592110 2406 30100 SH
SOLE N/A X
BAKER HUGHES INC C COM 5722410 878 41700 SH
SOLE N/A X
BALL CORP COM COM 5849810 154 3900 SH
SOLE N/A X
BANK OF AMERICA CO COM 6050510 10710 213400 SH
SOLE N/A X
BANK NEW YORK INC COM 6405710 3724 93100 SH
SOLE N/A X
BANK ONE CORP COM 06423A10 4755 148600 SH
SOLE N/A X
BARD C R INC COM COM 6738310 350 6600 SH
SOLE N/A X
BARRICK GOLD CORP COM 6790110 1280 49700 SH
SOLE N/A X
BAUSCH & LOMB INC COM 7170710 500 7300 SH
SOLE N/A X
BAXTER INTERNATION COM 7181310 2337 37200 SH
SOLE N/A X
BEAR STEARNS COS I COM 7390210 664 15540 SH
SOLE N/A X
BECTON DICKINSON & COM 7588710 857 31800 SH
SOLE N/A X
BED BATH & BEYOND COM 7589610 487 14000 SH
SOLE N/A X
BELL ATLANTIC COM 7785310 12183 197900 SH
SOLE N/A X
BELLSOUTH CORP COM 7986010 11184 238900 SH
SOLE N/A X
BEMIS INC COM COM 8143710 234 6700 SH
SOLE N/A X
BEST BUY INC COM COM 8651610 1312 26100 SH
SOLE N/A X
BESTFOODS COM 08658U10 1871 35600 SH
SOLE N/A X
BETHLEHEM STL CORP COM 8750910 139 16600 SH
SOLE N/A X
BIOMET INC COM COM 9061310 572 14300 SH
SOLE N/A X
BLACK & DECKER COR COM 9179710 580 11100 SH
SOLE N/A X
BLOCK H & R INC CO COM 9367110 543 12400 SH
SOLE N/A X
BOEING CO COM COM 9702310 4997 120600 SH
SOLE N/A X
BOISE CASCADE CORP COM 9738310 292 7200 SH
SOLE N/A X
BOSTON SCIENTIFIC COM 10113710 1103 50400 SH
SOLE N/A X
BRIGGS & STRATTON COM 10904310 161 3000 SH
SOLE N/A X
BRISTOL-MYERS SQUI COM 11012210 15867 247200 SH
SOLE N/A X
BROWN FORMAN CORP COM 11563720 498 8700 SH
SOLE N/A X
BRUNSWICK CORP COM COM 11704310 260 11700 SH
SOLE N/A X
BURLINGTON NORTN S COM 12189T10 1407 58000 SH
SOLE N/A X
BURLINGTON RESOURC COM 12201410 747 22600 SH
SOLE N/A X
CBS CORP COM 12490K10 6093 95290 SH
SOLE N/A X
CIGNA CORP COM COM 12550910 1869 23200 SH
SOLE N/A X
CMS ENERGY CORP CO COM 12589610 468 15000 SH
SOLE N/A X
CSX CORP COM COM 12640810 869 27700 SH
SOLE N/A X
CVS CORP COM 12665010 1926 48300 SH
SOLE N/A X
CABLETRON SYS INC COM 12692010 572 22000 SH
SOLE N/A X
CAMPBELL SOUP CO COM 13442910 2151 55600 SH
SOLE N/A X
CAPITAL ONE FINL C COM 14040H10 1214 25200 SH
SOLE N/A X
CARDINAL HEALTH IN COM 14149Y10 1661 34700 SH
SOLE N/A X
CARNIVAL CORP COM 14365810 3739 78200 SH
SOLE N/A X
CAROLINA PWR & LT COM 14414110 587 19300 SH
SOLE N/A X
CATERPILLAR COM 14912310 2137 45400 SH
SOLE N/A X
CENDANT CORP COM 15131310 2228 83894 SH
SOLE N/A X
CENTEX CORP COM COM 15231210 188 7600 SH
SOLE N/A X
CENTRAL & SOUTH WE COM 15235710 542 27100 SH
SOLE N/A X
CENTURYTEL INC COM 15670010 843 17800 SH
SOLE N/A X
CERIDIAN CORP COM 15677T10 397 18400 SH
SOLE N/A X
CHAMPION INTL CORP COM 15852510 756 12200 SH
SOLE N/A X
CHASE MANHATTAN BA COM 16161A10 8188 105400 SH
SOLE N/A X
CHEVRON COM 16675110 7155 82600 SH
SOLE N/A X
CHUBB CORP COM COM 17123210 1160 20600 SH
SOLE N/A X
CINCINNATI FINL CO COM 17206210 658 21100 SH
SOLE N/A X
CINERGY CORP COM 17247410 486 20300 SH
SOLE N/A X
CIRCUIT CITY STORE COM 17273710 1154 25600 SH
SOLE N/A X
CISCO SYSTEMS COM 17275R10 43632 407300 SH
SOLE N/A X
CITIGROUP, INC COM 17296710 23378 419800 SH
SOLE N/A X
CITRIX SYSTEMS COM 17737610 1230 10000 SH
SOLE N/A X
CLEAR CHANNEL COMM COM 18450210 3775 42300 SH
SOLE N/A X
CLOROX CO COM COM 18905410 1511 30000 SH
SOLE N/A X
COASTAL CORP COM COM 19044110 964 27200 SH
SOLE N/A X
COCA COLA COM 19121610 17871 306800 SH
SOLE N/A X
COCA COLA ENTERPRI COM 19121910 1089 54100 SH
SOLE N/A X
COLGATE PALMOLIVE COM 19416210 4849 74600 SH
SOLE N/A X
COLUMBIA ENERGY GR COM 19764810 664 10500 SH
SOLE N/A X
COLUMBIA/HCA COM 19767710 2122 72400 SH
SOLE N/A X
COMCAST CORP COM 20030020 4576 90500 SH
SOLE N/A X
COMERICA INC COM COM 20034010 929 19900 SH
SOLE N/A X
COMPAQ COMPUTERS COM 20449310 5810 214700 SH
SOLE N/A X
COMPUTER ASSOC INT COM 20491210 4637 66300 SH
SOLE N/A X
COMPUTER SCIENCES COM 20536310 1911 20200 SH
SOLE N/A X
COMPUWARE CORP COM COM 20563810 1680 45100 SH
SOLE N/A X
COMVERSE TECHNOLOG COM 20586240 1158 8000 SH
SOLE N/A X
CONAGRA INC COM COM 20588710 1370 60400 SH
SOLE N/A X
CONOCO, INC CLASS COM 20825140 1924 77337 SH
SOLE N/A X
CONSECO INC COM COM 20846410 734 41200 SH
SOLE N/A X
CONSOLIDATED EDISO COM 20911510 966 28000 SH
SOLE N/A X
CONSOLIDATED NAT G COM 20961510 792 12200 SH
SOLE N/A X
CONSOLIDATED STORE COM 21014910 228 14000 SH
SOLE N/A X
CONSTELLATION ENER COM 21037110 554 19100 SH
SOLE N/A X
COOPER INDS INC CO COM 21666910 485 12000 SH
SOLE N/A X
COOPER TIRE & RUBB COM 21683110 153 9700 SH
SOLE N/A X
COORS ADOLPH CO CL COM 21701610 247 4700 SH
SOLE N/A X
CORNING INC COM 21935010 4010 31100 SH
SOLE N/A X
COSTCO WHSL CORP COM 22160K10 2555 28000 SH
SOLE N/A X
COUNTRYWIDE CR IND COM 22237210 364 14400 SH
SOLE N/A X
CRANE CO COM COM 22439910 173 8700 SH
SOLE N/A X
CROWN CORK & SEAL COM 22825510 349 15600 SH
SOLE N/A X
CUMMINS ENGINE INC COM 23102110 261 5400 SH
SOLE N/A X
DTE ENERGY COM 23333110 585 18500 SH
SOLE N/A X
DANA CORP COM COM 23581110 635 21200 SH
SOLE N/A X
DANAHER CORP COM COM 23585110 835 17300 SH
SOLE N/A X
DARDEN RESTAURANTS COM 23719410 310 17100 SH
SOLE N/A X
DAYTON HUDSON COM 23975310 4142 56400 SH
SOLE N/A X
DEERE & CO COM COM 24419910 1280 29500 SH
SOLE N/A X
DELL COMPUTER CORP COM 24702510 16182 317300 SH
SOLE N/A X
DELPHI AUTOMOTIVE COM 24712610 1134 72000 SH
SOLE N/A X
DELTA AIR LINES IN COM 24736110 892 17900 SH
SOLE N/A X
DELUXE CORPORATION COM 24801910 274 10000 SH
SOLE N/A X
DILLARDS INC CL A COM 25406710 275 13600 SH
SOLE N/A X
DISNEY (WALT) CO COM 25468710 7590 259500 SH
SOLE N/A X
DOLLAR GEN CORP CO COM 25666910 642 28200 SH
SOLE N/A X
DOMINION RES INC V COM 25747010 962 24500 SH
SOLE N/A X
DONNELLEY R R & SO COM 25786710 414 16700 SH
SOLE N/A X
DOVER CORP COM COM 26000310 1234 27200 SH
SOLE N/A X
DOW CHEM CO COM COM 26054310 3742 28000 SH
SOLE N/A X
DOW JONES & CO INC COM 26056110 782 11500 SH
SOLE N/A X
DUPONT (EI) DE NEM COM 26353410 8676 131699 SH
SOLE N/A X
DUKE ENERGY CORPOR COM 26439910 2326 46400 SH
SOLE N/A X
DUN & BRADSTREET C COM 26483B10 617 20900 SH
SOLE N/A X
EMC CORP MASS COM COM 26864810 13780 126131 SH
SOLE N/A X
EASTERN ENTERPRISE COM 27637F10 167 2900 SH
SOLE N/A X
EASTMAN CHEM CO COM 27743210 477 10000 SH
SOLE N/A X
EASTMAN KODAK COM 27746110 2716 41000 SH
SOLE N/A X
EATON CORP COM COM 27805810 668 9200 SH
SOLE N/A X
ECOLAB INC COM COM 27886510 646 16500 SH
SOLE N/A X
EDISON INTL COM 28102010 1160 44300 SH
SOLE N/A X
EL PASO ENERGY COR COM 28390510 854 22000 SH
SOLE N/A X
ELECTRONIC DATA SY COM 28566110 4076 60900 SH
SOLE N/A X
EMERSON ELECTRIC COM 29101110 3184 55500 SH
SOLE N/A X
ENGELHARD CORP COM COM 29284510 302 16000 SH
SOLE N/A X
ENRON CORP COM COM 29356110 4003 90200 SH
SOLE N/A X
ENTERGY CORP NEW COM 29364G10 811 31500 SH
SOLE N/A X
EQUIFAX INC COM 29442910 434 18400 SH
SOLE N/A X
EXXON MOBIL CORP COM 30231G10 34622 429750 SH
SOLE N/A X
FMC CORP COM NEW COM 30249130 229 4000 SH
SOLE N/A X
FPL GROUP INC COM 30257110 985 23000 SH
SOLE N/A X
FDX CORP COM 31304N10 1552 37900 SH
SOLE N/A X
FEDERAL HOME LN MT COM 31340030 4043 85900 SH
SOLE N/A X
FEDERAL NATIONAL M COM 31358610 7973 127700 SH
SOLE N/A X
FEDERATED DEPT STO COM 31410H10 1345 26600 SH
SOLE N/A X
FIFTH THIRD BANCOR COM 31677310 2517 34300 SH
SOLE N/A X
FIRST DATA COM 31996310 2717 55100 SH
SOLE N/A X
FIRST UNION CORP COM 33735810 3992 121200 SH
SOLE N/A X
FIRSTAR CORP NEW W COM 33763V10 2616 123829 SH
SOLE N/A X
FIRSTENERGY CORP COM 33793210 678 29900 SH
SOLE N/A X
FLEET BOSTON FINAN COM 33903010 3950 113470 SH
SOLE N/A X
FLEETWOOD ENTERPRI COM 33909910 91 4400 SH
SOLE N/A X
FLORIDA PROGRESS C COM 34110910 529 12500 SH
SOLE N/A X
FLUOR CORP COM COM 34386110 445 9700 SH
SOLE N/A X
FORD MOTOR CO COM 34537010 8093 151800 SH
SOLE N/A X
FORT JAMES CORP COM 34747110 769 28100 SH
SOLE N/A X
FORTUNE BRANDS INC COM 34963110 704 21300 SH
SOLE N/A X
FRANKLIN RESOURCES COM 35461310 1029 32100 SH
SOLE N/A X
FREEPORT-MCMORAN C COM 35671D85 439 20800 SH
SOLE N/A X
GPU INC COM 36225X10 476 16000 SH
SOLE N/A X
GTE CORP COM COM 36232010 8602 121900 SH
SOLE N/A X
GANNETT COM 36473010 2904 35600 SH
SOLE N/A X
GAP COM 36476010 4904 106600 SH
SOLE N/A X
GATEWAY INC COM 36762610 2883 40000 SH
SOLE N/A X
GENERAL DYNAMICS C COM 36955010 1229 23300 SH
SOLE N/A X
GENERAL ELECTRIC COM 36960410 62999 407100 SH
SOLE N/A X
GENERAL INSTR CORP COM 37012010 1870 22000 SH
SOLE N/A X
GENERAL MILLS INC COM 37033410 1394 39000 SH
SOLE N/A X
GENERAL MOTORS COM 37044210 5924 81500 SH
SOLE N/A X
GENUINE PARTS CO C COM 37246010 566 22800 SH
SOLE N/A X
GEORGIA PAC CORP C COM 37329810 1111 21900 SH
SOLE N/A X
GILLETTE COM 37576610 5659 137400 SH
SOLE N/A X
GOLDEN WEST FINL C COM 38131710 724 21600 SH
SOLE N/A X
GOODRICH B F CO CO COM 38238810 344 12500 SH
SOLE N/A X
GOODYEAR TIRE & RU COM 38255010 558 19900 SH
SOLE N/A X
GRACE W R & CO DEL COM 38388F10 124 8800 SH
SOLE N/A X
GRAINGER W W INC C COM 38480210 569 11900 SH
SOLE N/A X
GREAT ATLANTIC & P COM 39006410 137 4900 SH
SOLE N/A X
GREAT LAKES CHEM C COM 39056810 283 7400 SH
SOLE N/A X
GUIDANT CORP COM 40169810 1810 38500 SH
SOLE N/A X
HALLIBURTON CO COM 40621610 2262 56200 SH
SOLE N/A X
HARCOURT GENERAL I COM 41163G10 366 9100 SH
SOLE N/A X
HARRAHS ENTMT INC COM 41361910 431 16300 SH
SOLE N/A X
HARTFORD FINL SVCS COM 41651510 1369 28900 SH
SOLE N/A X
HASBRO INC COM COM 41805610 472 24900 SH
SOLE N/A X
HEALTHSOUTH CORP COM 42192410 275 51200 SH
SOLE N/A X
HEINZ COM 42307410 1823 45800 SH
SOLE N/A X
HERCULES INC COM COM 42705610 357 12800 SH
SOLE N/A X
HERSHEY FOODS CORP COM 42786610 844 17800 SH
SOLE N/A X
HEWLETT PACKARD COM 42823610 14492 127400 SH
SOLE N/A X
HILTON HOTELS CORP COM 43284810 315 32900 SH
SOLE N/A X
HOME DEPOT COM 43707610 19480 283350 SH
SOLE N/A X
HOMESTAKE MNG CO C COM 43761410 259 33200 SH
SOLE N/A X
HONEYWELL INT'L IN COM 43851610 5808 100687 SH
SOLE N/A X
HOUSEHOLD INTL COR COM 44181510 2276 61100 SH
SOLE N/A X
HUMANA COM 44485910 175 21400 SH
SOLE N/A X
HUNTINGTON BANCSHA COM 44615010 704 29480 SH
SOLE N/A X
HUTTING BLDG PRODS COM 44845110 10 1933 SH
SOLE N/A X
IMS HEALTH, INC COM 44993410 1098 40400 SH
SOLE N/A X
ITT INDS INC COM 45091110 375 11200 SH
SOLE N/A X
IKON OFFICE SOLUTI COM 45171310 129 19000 SH
SOLE N/A X
ILLINOIS TOOL WKS COM 45230810 2155 31900 SH
SOLE N/A X
INCO LTD COM COM 45325840 827 24500 SH
SOLE N/A X
INGERSOLL RAND CO COM 45686610 1167 21200 SH
SOLE N/A X
INTEL CORP COM 45814010 34242 416000 SH
SOLE N/A X
INTL BUSINESS MACH COM 45920010 24261 224900 SH
SOLE N/A X
INTERNATIONAL FLAV COM 45950610 508 13500 SH
SOLE N/A X
INTL PAPER COM 46014610 2952 52300 SH
SOLE N/A X
INTERPUBLIC GROUP COM 46069010 2065 35800 SH
SOLE N/A X
JEFFERSON PILOT CO COM 47507010 921 13500 SH
SOLE N/A X
JOHNSON & JOHNSON COM 47816010 15741 168800 SH
SOLE N/A X
JOHNSON CTLS INC C COM 47836610 620 10900 SH
SOLE N/A X
JOSTENS INC COM COM 48108810 107 4400 SH
SOLE N/A X
KLA-TENCOR CORPORA COM 48248010 1247 11200 SH
SOLE N/A X
K MART CORP COM COM 48258410 635 63100 SH
SOLE N/A X
KANSAS CITY SOUTHN COM 48517010 1052 14100 SH
SOLE N/A X
KAUFMAN & BROAD HO COM 48616810 148 6100 SH
SOLE N/A X
KELLOGG CO COM COM 48783610 1541 50000 SH
SOLE N/A X
KERR MCGEE CORP CO COM 49238610 682 11000 SH
SOLE N/A X
KEYCORP NEW COM 49326710 1224 55300 SH
SOLE N/A X
KIMBERLY CLARK COM 49436810 4443 67900 SH
SOLE N/A X
KNIGHT RIDDER INC COM 49904010 596 10000 SH
SOLE N/A X
KOHLS CORP COM 50025510 1494 20700 SH
SOLE N/A X
KROGER CO COM COM 50104410 1931 102300 SH
SOLE N/A X
LSI LOGIC CORP COM COM 50216110 1229 18200 SH
SOLE N/A X
LEGGETT & PLATT COM 52466010 214 10000 SH
SOLE N/A X
LEHMAN BROS HLDGS COM 52490810 1279 15100 SH
SOLE N/A X
LEXMARK INTL GROUP COM 52977110 1358 15000 SH
SOLE N/A X
LILLY ELI & CO COM COM 53245710 9084 136600 SH
SOLE N/A X
LIMITED INC COM COM 53271610 1178 27200 SH
SOLE N/A X
LINCOLN NATL CORP COM 53418710 1020 25500 SH
SOLE N/A X
LIZ CLAIBORNE INC COM 53932010 301 8000 SH
SOLE N/A X
LOCKHEED MARTIN CO COM 53983010 1100 50300 SH
SOLE N/A X
LOEWS CORP COM COM 54042410 844 13900 SH
SOLE N/A X
LONGS DRUG STORES COM 54316210 129 5000 SH
SOLE N/A X
LOUISIANA PAC CORP COM 54634710 193 13700 SH
SOLE N/A X
LOWES COS INC COM COM 54866110 2731 45700 SH
SOLE N/A X
LUCENT TECHNOLOGIE COM 54946310 28920 385600 SH
SOLE N/A X
MBIA COM COM 55262C10 671 12700 SH
SOLE N/A X
MBNA CORP COM 55262L10 2706 99300 SH
SOLE N/A X
MCI WORLDCOM INC COM 55268B10 18880 355800 SH
SOLE N/A X
MGIC INVT CORP COM 55284810 837 13900 SH
SOLE N/A X
MALLINCKRODT INC N COM 56123210 289 9100 SH
SOLE N/A X
MANOR CARE COM 56405510 227 14200 SH
SOLE N/A X
MARSH & MCLENNAN COM 57174810 3215 33600 SH
SOLE N/A X
MARRIOTT INTL INC COM 57190320 1004 31800 SH
SOLE N/A X
MASCO CORP COM COM 57459910 1421 56000 SH
SOLE N/A X
MATTEL INC COM COM 57708110 697 53100 SH
SOLE N/A X
MAY DEPARTMENT STO COM 57777810 1374 42600 SH
SOLE N/A X
MAYTAG CORP COM COM 57859210 542 11300 SH
SOLE N/A X
MCDERMOTT INTL INC COM 58003710 68 7500 SH
SOLE N/A X
MCDONALD'S COM 58013510 6978 173100 SH
SOLE N/A X
MCGRAW HILL COMPAN COM 58064510 1553 25200 SH
SOLE N/A X
MCKESSON HBOC INC COM 58155Q10 794 35300 SH
SOLE N/A X
MEAD CORP COM COM 58283410 560 12900 SH
SOLE N/A X
MEDIAONE GROUP INC COM 58440J10 5738 74700 SH
SOLE N/A X
MEDTRONIC INC COM COM 58505510 5276 144800 SH
SOLE N/A X
MELLON FINANCIAL C COM 58551A10 2194 64400 SH
SOLE N/A X
MERCK & CO INC COM COM 58933110 19525 290600 SH
SOLE N/A X
MEREDITH CORP COM COM 58943310 275 6600 SH
SOLE N/A X
MERRILL LYNCH COM 59018810 3907 46900 SH
SOLE N/A X
MICROSOFT COM 59491810 74802 640700 SH
SOLE N/A X
MICRON TECHNOLOGY COM 59511210 2480 31900 SH
SOLE N/A X
MILACRON INC COM 59870910 72 4700 SH
SOLE N/A X
MILLIPORE CORP COM COM 60107310 216 5600 SH
SOLE N/A X
MINNESOTA MINING & COM 60405910 5021 51300 SH
SOLE N/A X
MIRAGE RESORTS INC COM 6.05E+14 383 25300 SH
SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
QUALCOMM COM 74752510 13386 76000 SH
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RAYTHEON CO COM 75511140 1140 42900 SH
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REEBOK INTL LTD CO COM 75811010 58 7100 SH
SOLE N/A X
REGION FINL CORP COM 75894010 719 28600 SH
SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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SOLE N/A X
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</TABLE>
