UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Mar 31, 2000
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 ext 133
Signature, Place, and Date of Signing:
Selma A Arnold, Santa Fe, New Mexico, April 21, 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 1832 34000 SH SOLE
N/A X
AFLAC CORP COM 105510 1554 34100 SH SOLE
N/A X
AES CORP COM 00130H10 1914 24300 SH SOLE
N/A X
AMR CORP DEL COM COM 176510 625 19600 SH SOLE
N/A X
AMERICAN TEL & TEL COM 195710 22283 395700 SH SOLE
N/A X
ABBOTT LABORATORIE COM 282410 6650 189000 SH SOLE
N/A X
ADAPTEC COM 00651F10 464 12000 SH SOLE
N/A X
ADOBE SYS INC COM COM 00724F10 1736 15600 SH SOLE
N/A X
ADVANCED MICRO DEV COM 790310 1067 18700 SH SOLE
N/A X
AETNA INC COM 811710 999 18000 SH SOLE
N/A X
AIR PRODUCTS & CHE COM 915810 830 29200 SH SOLE
N/A X
ALBERTO CULVER CO COM 1306810 171 7200 SH SOLE
N/A X
ALBERTSONS INC COM COM 1310410 1655 53600 SH SOLE
N/A X
ALCAN ALUM LTD-ADR COM 1371610 981 28800 SH SOLE
N/A X
ALCOA, INC COM 1381710 3309 47100 SH SOLE
N/A X
ALLEGHENY TECHNOLO COM 01741R10 247 12300 SH SOLE
N/A X
ALLERGAN INC COM 1849010 850 17000 SH SOLE
N/A X
ALLIED WASTE INDUS COM 1958930 151 23000 SH SOLE
N/A X
ALLSTATE CORP COM 2000210 2376 99800 SH SOLE
N/A X
ALLTEL CORP COM COM 2003910 2271 35900 SH SOLE
N/A X
ALZA CORP CL A COM 2261510 485 12900 SH SOLE
N/A X
AMERADA HESS CORP COM 2355110 743 11500 SH SOLE
N/A X
AMEREN CORP COM 2360810 541 17500 SH SOLE
N/A X
AMERICA ON LINE COM 02364J10 18815 279000 SH SOLE
N/A X
AMERICAN ELEC PWR COM 2553710 733 24600 SH SOLE
N/A X
AMERICAN EXPRESS COM 2581610 8251 55400 SH SOLE
N/A X
AMERICAN GENERAL C COM 2635110 1796 32000 SH SOLE
N/A X
AMERICAN GREETINGS COM 2637510 157 8600 SH SOLE
N/A X
AMERICAN HOME PROD COM 2660910 8761 163000 SH SOLE
N/A X
AMERICAN INTL GROU COM 2687410 21076 192475 SH SOLE
N/A X
AMGEN COM 3116210 7831 127600 SH SOLE
N/A X
AMSOUTH BANCORPORA COM 3216510 665 44500 SH SOLE
N/A X
ANADARKO PETE CORP COM 3251110 596 15400 SH SOLE
N/A X
ANALOG DEVICES COM 3265410 3140 39000 SH SOLE
N/A X
ANDREW CORP COM COM 3442510 240 10500 SH SOLE
N/A X
ANHEUSER BUSCH COS COM 3522910 3623 58200 SH SOLE
N/A X
AON CORP COM COM 3738910 1055 32700 SH SOLE
N/A X
APACHE CORP COM COM 3741110 711 14300 SH SOLE
N/A X
APPLE COMPUTER COM 3783310 2757 20300 SH SOLE
N/A X
APPLIED MATLS INC COM 3822210 8973 95200 SH SOLE
N/A X
ARCH COAL COM 3938010 0 2288 SH SOLE
N/A X
ARCHER DANIELS MID COM 3948310 787 76335 SH SOLE
N/A X
ARMSTRONG WORLD IN COM 4247610 91 5100 SH SOLE
N/A X
ASHLAND INC COM 4420410 309 9300 SH SOLE
N/A X
ASSOCIATES FIRST C COM 4600810 1984 92800 SH SOLE
N/A X
ATLANTIC RICHFIELD COM 4882510 3485 41000 SH SOLE
N/A X
AUTODESK INC COM COM 5276910 341 7500 SH SOLE
N/A X
AUTOMATIC DATA PRO COM 5301510 3807 78900 SH SOLE
N/A X
AUTOZONE INC COM 5333210 530 19100 SH SOLE
N/A X
AVERY DENNISON COR COM 5361110 885 14500 SH SOLE
N/A X
AVON PRODS INC COM COM 5430310 977 33400 SH SOLE
N/A X
BB & T CORP COM 5493710 1125 40100 SH SOLE
N/A X
BMC SOFTWARE INC COM 5592110 1486 30100 SH SOLE
N/A X
BAKER HUGHES INC C COM 5722410 1261 41700 SH SOLE
N/A X
BALL CORP COM COM 5849810 135 3900 SH SOLE
N/A X
BANK OF AMERICA CO COM 6050510 11190 213400 SH SOLE
N/A X
BANK NEW YORK INC COM 6405710 3869 93100 SH SOLE
N/A X
BANK ONE CORP COM 06423A10 4920 142600 SH SOLE
N/A X
BARD C R INC COM COM 6738310 255 6600 SH SOLE
N/A X
BARRICK GOLD CORP COM 6790110 1118 49700 SH SOLE
N/A X
BAUSCH & LOMB INC COM 7170710 381 7300 SH SOLE
N/A X
BAXTER INTERNATION COM 7181310 2332 37200 SH SOLE
N/A X
BEAR STEARNS COS I COM 7390210 709 15540 SH SOLE
N/A X
BECTON DICKINSON & COM 7588710 837 31800 SH SOLE
N/A X
BED BATH & BEYOND COM 7589610 551 14000 SH SOLE
N/A X
BELL ATLANTIC COM 7785310 11791 192900 SH SOLE
N/A X
BELLSOUTH CORP COM 7986010 10964 233900 SH SOLE
N/A X
BEMIS INC COM COM 8143710 247 6700 SH SOLE
N/A X
BEST BUY INC COM COM 8651610 2245 26100 SH SOLE
N/A X
BESTFOODS COM 08658U10 1667 35600 SH SOLE
N/A X
BETHLEHEM STL CORP COM 8750910 100 16600 SH SOLE
N/A X
BIOGEN INC COM 9059710 699 10000 SH SOLE
N/A X
BIOMET INC COM COM 9061310 520 14300 SH SOLE
N/A X
BLACK & DECKER COR COM 9179710 417 11100 SH SOLE
N/A X
BLOCK H & R INC CO COM 9367110 555 12400 SH SOLE
N/A X
BOEING CO COM COM 9702310 4069 107600 SH SOLE
N/A X
BOISE CASCADE CORP COM 9738310 250 7200 SH SOLE
N/A X
BOSTON SCIENTIFIC COM 10113710 1074 50400 SH SOLE
N/A X
BRIGGS & STRATTON COM 10904310 123 3000 SH SOLE
N/A X
BRISTOL-MYERS SQUI COM 11012210 14338 247200 SH SOLE
N/A X
BROWN FORMAN CORP COM 11563720 474 8700 SH SOLE
N/A X
BRUNSWICK CORP COM COM 11704310 222 11700 SH SOLE
N/A X
BURLINGTON NORTN S COM 12189T10 1320 58000 SH SOLE
N/A X
BURLINGTON RESOURC COM 12201410 836 22600 SH SOLE
N/A X
CBS CORP COM 12490K10 5396 95290 SH SOLE
N/A X
CIGNA CORP COM COM 12550910 1568 20700 SH SOLE
N/A X
CMS ENERGY CORP CO COM 12589610 272 15000 SH SOLE
N/A X
CSX CORP COM COM 12640810 651 27700 SH SOLE
N/A X
CVS CORP COM 12665010 1814 48300 SH SOLE
N/A X
CABLETRON SYS INC COM 12692010 646 22000 SH SOLE
N/A X
CAMPBELL SOUP CO COM 13442910 1710 55600 SH SOLE
N/A X
CAPITAL ONE FINL C COM 14040H10 1208 25200 SH SOLE
N/A X
CARDINAL HEALTH IN COM 14149Y10 1592 34700 SH SOLE
N/A X
CARNIVAL CORP COM 14365810 1940 78200 SH SOLE
N/A X
CAROLINA PWR & LT COM 14414110 626 19300 SH SOLE
N/A X
CATERPILLAR COM 14912310 1790 45400 SH SOLE
N/A X
CENDANT CORP COM 15131310 1552 83894 SH SOLE
N/A X
CENTEX CORP COM COM 15231210 181 7600 SH SOLE
N/A X
CENTRAL & SOUTH WE COM 15235710 464 27100 SH SOLE
N/A X
CENTURYTEL INC COM 15670010 661 17800 SH SOLE
N/A X
CERIDIAN CORP COM 15677T10 353 18400 SH SOLE
N/A X
CHAMPION INTL CORP COM 15852510 650 12200 SH SOLE
N/A X
CHASE MANHATTAN BA COM 16161A10 8928 102400 SH SOLE
N/A X
CHEVRON COM 16675110 7635 82600 SH SOLE
N/A X
CHUBB CORP COM COM 17123210 1392 20600 SH SOLE
N/A X
CINCINNATI FINL CO COM 17206210 794 21100 SH SOLE
N/A X
CINERGY CORP COM 17247410 436 20300 SH SOLE
N/A X
CIRCUIT CITY STORE COM 17273710 1558 25600 SH SOLE
N/A X
CISCO SYSTEMS COM 17275R10 65375 845600 SH SOLE
N/A X
CITIGROUP, INC COM 17296710 25136 419800 SH SOLE
N/A X
CITRIX SYSTEMS COM 17737610 1325 20000 SH SOLE
N/A X
CLEAR CHANNEL COMM COM 18450210 2921 42300 SH SOLE
N/A X
CLOROX CO COM COM 18905410 990 30000 SH SOLE
N/A X
COASTAL CORP COM COM 19044110 1251 27200 SH SOLE
N/A X
COCA COLA COM 19121610 14400 306800 SH SOLE
N/A X
COCA COLA ENTERPRI COM 19121910 1167 54100 SH SOLE
N/A X
COLGATE PALMOLIVE COM 19416210 4206 74600 SH SOLE
N/A X
COLUMBIA ENERGY GR COM 19764810 622 10500 SH SOLE
N/A X
COLUMBIA/HCA COM 19767710 1833 72400 SH SOLE
N/A X
COMCAST CORP COM 20030020 4533 104500 SH SOLE
N/A X
COMERICA INC COM COM 20034010 833 19900 SH SOLE
N/A X
COMPAQ COMPUTERS COM 20449310 5662 209700 SH SOLE
N/A X
COMPUTER ASSOC INT COM 20491210 3924 66300 SH SOLE
N/A X
COMPUTER SCIENCES COM 20536310 1598 20200 SH SOLE
N/A X
COMPUWARE CORP COM COM 20563810 950 45100 SH SOLE
N/A X
COMVERSE TECHNOLOG COM 20586240 1512 8000 SH SOLE
N/A X
CONAGRA INC COM COM 20588710 1095 60400 SH SOLE
N/A X
CONEXANT SYSTEMS I COM 20714210 1491 21000 SH SOLE
N/A X
CONOCO, INC CLASS COM 20825140 1982 77337 SH SOLE
N/A X
CONSECO INC COM COM 20846410 471 41200 SH SOLE
N/A X
CONSOLIDATED EDISO COM 20911510 816 28000 SH SOLE
N/A X
CONSOLIDATED STORE COM 21014910 159 14000 SH SOLE
N/A X
CONSTELLATION ENER COM 21037110 609 19100 SH SOLE
N/A X
COOPER INDS INC CO COM 21666910 420 12000 SH SOLE
N/A X
COOPER TIRE & RUBB COM 21683110 122 9700 SH SOLE
N/A X
COORS ADOLPH CO CL COM 21701610 226 4700 SH SOLE
N/A X
CORNING INC COM 21935010 6227 32100 SH SOLE
N/A X
COSTCO WHSL CORP COM 22160K10 2944 56000 SH SOLE
N/A X
COUNTRYWIDE CR IND COM 22237210 392 14400 SH SOLE
N/A X
CRANE CO COM COM 22439910 205 8700 SH SOLE
N/A X
CROWN CORK & SEAL COM 22825510 250 15600 SH SOLE
N/A X
CUMMINS ENGINE INC COM 23102110 203 5400 SH SOLE
N/A X
DTE ENERGY COM 23333110 540 18500 SH SOLE
N/A X
DANA CORP COM COM 23581110 598 21200 SH SOLE
N/A X
DANAHER CORP COM COM 23585110 882 17300 SH SOLE
N/A X
DARDEN RESTAURANTS COM 23719410 305 17100 SH SOLE
N/A X
DEERE & CO COM COM 24419910 1121 29500 SH SOLE
N/A X
DELL COMPUTER CORP COM 24702510 17114 317300 SH SOLE
N/A X
DELPHI AUTOMOTIVE COM 24712610 1152 72000 SH SOLE
N/A X
DELTA AIR LINES IN COM 24736110 953 17900 SH SOLE
N/A X
DELUXE CORPORATION COM 24801910 265 10000 SH SOLE
N/A X
DILLARDS INC CL A COM 25406710 224 13600 SH SOLE
N/A X
DISNEY (WALT) CO COM 25468710 10704 259500 SH SOLE
N/A X
DOLLAR GEN CORP CO COM 25666910 758 28200 SH SOLE
N/A X
DOMINION RES INC V COM 25746U10 1163 30269 SH SOLE
N/A X
DONNELLEY R R & SO COM 25786710 350 16700 SH SOLE
N/A X
DOVER CORP COM COM 26000310 1302 27200 SH SOLE
N/A X
DOW CHEM CO COM COM 26054310 3192 28000 SH SOLE
N/A X
DOW JONES & CO INC COM 26056110 826 11500 SH SOLE
N/A X
DUPONT (EI) DE NEM COM 26353410 6972 131699 SH SOLE
N/A X
DUKE ENERGY CORPOR COM 26439910 2436 46400 SH SOLE
N/A X
DUN & BRADSTREET C COM 26483B10 598 20900 SH SOLE
N/A X
EMC CORP MASS COM COM 26864810 15893 126131 SH SOLE
N/A X
EASTERN ENTERPRISE COM 27637F10 174 2900 SH SOLE
N/A X
EASTMAN CHEM CO COM 27743210 455 10000 SH SOLE
N/A X
EASTMAN KODAK COM 27746110 2227 41000 SH SOLE
N/A X
EATON CORP COM COM 27805810 718 9200 SH SOLE
N/A X
ECOLAB INC COM COM 27886510 605 16500 SH SOLE
N/A X
EDISON INTL COM 28102010 734 44300 SH SOLE
N/A X
EL PASO ENERGY COR COM 28390510 888 22000 SH SOLE
N/A X
ELECTRONIC DATA SY COM 28566110 3909 60900 SH SOLE
N/A X
EMERSON ELECTRIC COM 29101110 2948 55500 SH SOLE
N/A X
ENGELHARD CORP COM COM 29284510 242 16000 SH SOLE
N/A X
ENRON CORP COM COM 29356110 6754 90200 SH SOLE
N/A X
ENTERGY CORP NEW COM 29364G10 636 31500 SH SOLE
N/A X
EQUIFAX INC COM 29442910 465 18400 SH SOLE
N/A X
EXXON MOBIL CORP COM 30231G10 33299 427250 SH SOLE
N/A X
FMC CORP COM NEW COM 30249130 226 4000 SH SOLE
N/A X
FPL GROUP INC COM 30257110 1059 23000 SH SOLE
N/A X
FEDERAL HOME LN MT COM 31340030 3796 85900 SH SOLE
N/A X
FEDERAL NATIONAL M COM 31358610 7223 127700 SH SOLE
N/A X
FEDERATED DEPT STO COM 31410H10 1124 26600 SH SOLE
N/A X
FEDEX CORP COM 31428X10 1393 35900 SH SOLE
N/A X
FIFTH THIRD BANCOR COM 31677310 2161 34300 SH SOLE
N/A X
FIRST DATA COM 31996310 2445 55100 SH SOLE
N/A X
FIRST UNION CORP COM 33735810 4515 121200 SH SOLE
N/A X
FIRSTAR CORP NEW W COM 33763V10 2840 123829 SH SOLE
N/A X
FIRSTENERGY CORP COM 33793210 617 29900 SH SOLE
N/A X
FLEET BOSTON FINAN COM 33903010 4142 113470 SH SOLE
N/A X
FLORIDA PROGRESS C COM 34110910 573 12500 SH SOLE
N/A X
FLUOR CORP COM COM 34386110 301 9700 SH SOLE
N/A X
FORD MOTOR CO COM 34537010 6973 151800 SH SOLE
N/A X
FORT JAMES CORP COM 34747110 618 28100 SH SOLE
N/A X
FORTUNE BRANDS INC COM 34963110 533 21300 SH SOLE
N/A X
FRANKLIN RESOURCES COM 35461310 1073 32100 SH SOLE
N/A X
FREEPORT-MCMORAN C COM 35671D85 251 20800 SH SOLE
N/A X
GPU INC COM 36225X10 438 16000 SH SOLE
N/A X
GTE CORP COM COM 36232010 8655 121900 SH SOLE
N/A X
GANNETT COM 36473010 2505 35600 SH SOLE
N/A X
GAP COM 36476010 5310 106600 SH SOLE
N/A X
GATEWAY INC COM 36762610 2122 40000 SH SOLE
N/A X
GENERAL DYNAMICS C COM 36955010 1159 23300 SH SOLE
N/A X
GENERAL ELECTRIC COM 36960410 63199 406100 SH SOLE
N/A X
GENERAL MILLS INC COM 37033410 1411 39000 SH SOLE
N/A X
GENERAL MOTORS COM 37044210 6584 79500 SH SOLE
N/A X
GENUINE PARTS CO C COM 37246010 544 22800 SH SOLE
N/A X
GEORGIA PAC CORP C COM 37329810 866 21900 SH SOLE
N/A X
GILLETTE COM 37576610 5178 137400 SH SOLE
N/A X
GOLDEN WEST FINL C COM 38131710 674 21600 SH SOLE
N/A X
GOODRICH B F CO CO COM 38238810 359 12500 SH SOLE
N/A X
GOODYEAR TIRE & RU COM 38255010 464 19900 SH SOLE
N/A X
GRACE W R & CO DEL COM 38388F10 113 8800 SH SOLE
N/A X
GRAINGER W W INC C COM 38480210 646 11900 SH SOLE
N/A X
GREAT ATLANTIC & P COM 39006410 96 4900 SH SOLE
N/A X
GREAT LAKES CHEM C COM 39056810 252 7400 SH SOLE
N/A X
GUIDANT CORP COM 40169810 2267 38500 SH SOLE
N/A X
HALLIBURTON CO COM 40621610 2311 56200 SH SOLE
N/A X
HARCOURT GENERAL I COM 41163G10 339 9100 SH SOLE
N/A X
HARLEY DAVIDSON IN COM 41282210 357 4500 SH SOLE
N/A X
HARRAHS ENTMT INC COM 41361910 303 16300 SH SOLE
N/A X
HARTFORD FINL SVCS COM 41651510 1524 28900 SH SOLE
N/A X
HASBRO INC COM COM 41805610 416 24900 SH SOLE
N/A X
HEALTHSOUTH CORP COM 42192410 291 51200 SH SOLE
N/A X
HEINZ COM 42307410 1597 45800 SH SOLE
N/A X
HERCULES INC COM COM 42705610 206 12800 SH SOLE
N/A X
HERSHEY FOODS CORP COM 42786610 868 17800 SH SOLE
N/A X
HEWLETT PACKARD COM 42823610 16503 124200 SH SOLE
N/A X
HILTON HOTELS CORP COM 43284810 255 32900 SH SOLE
N/A X
HOME DEPOT COM 43707610 18276 283350 SH SOLE
N/A X
HOMESTAKE MNG CO C COM 43761410 199 33200 SH SOLE
N/A X
HONEYWELL INT'L IN COM 43851610 5305 100687 SH SOLE
N/A X
HOUSEHOLD INTL COR COM 44181510 2280 61100 SH SOLE
N/A X
HUMANA COM 44485910 156 21400 SH SOLE
N/A X
HUNTINGTON BANCSHA COM 44615010 660 29480 SH SOLE
N/A X
IMS HEALTH, INC COM 44993410 684 40400 SH SOLE
N/A X
ITT INDS INC COM 45091110 348 11200 SH SOLE
N/A X
IKON OFFICE SOLUTI COM 45171310 118 19000 SH SOLE
N/A X
ILLINOIS TOOL WKS COM 45230810 1762 31900 SH SOLE
N/A X
INCO LTD COM COM 45325840 653 24500 SH SOLE
N/A X
INGERSOLL RAND CO COM 45686610 938 21200 SH SOLE
N/A X
INTEL CORP COM 45814010 54490 413000 SH SOLE
N/A X
INTL BUSINESS MACH COM 45920010 26538 224900 SH SOLE
N/A X
INTERNATIONAL FLAV COM 45950610 473 13500 SH SOLE
N/A X
INTL PAPER COM 46014610 2236 52300 SH SOLE
N/A X
INTERPUBLIC GROUP COM 46069010 1692 35800 SH SOLE
N/A X
JEFFERSON PILOT CO COM 47507010 899 13500 SH SOLE
N/A X
JOHNSON & JOHNSON COM 47816010 11858 168800 SH SOLE
N/A X
JOHNSON CTLS INC C COM 47836610 589 10900 SH SOLE
N/A X
JOSTENS INC COM COM 48108810 107 4400 SH SOLE
N/A X
KLA-TENCOR CORPORA COM 48248010 1887 22400 SH SOLE
N/A X
K MART CORP COM COM 48258410 611 63100 SH SOLE
N/A X
KANSAS CITY SOUTHN COM 48517010 1212 14100 SH SOLE
N/A X
KAUFMAN & BROAD HO COM 48616810 131 6100 SH SOLE
N/A X
KELLOGG CO COM COM 48783610 1288 50000 SH SOLE
N/A X
KERR MCGEE CORP CO COM 49238610 635 11000 SH SOLE
N/A X
KEYCORP NEW COM 49326710 1051 55300 SH SOLE
N/A X
KIMBERLY CLARK COM 49436810 3807 67900 SH SOLE
N/A X
KNIGHT RIDDER INC COM 49904010 513 10000 SH SOLE
N/A X
KOHLS CORP COM 50025510 2122 20700 SH SOLE
N/A X
KROGER CO COM COM 50104410 1797 102300 SH SOLE
N/A X
LSI LOGIC CORP COM COM 50216110 2644 36400 SH SOLE
N/A X
LEGGETT & PLATT COM 52466010 215 10000 SH SOLE
N/A X
LEHMAN BROS HLDGS COM 52490810 1465 15100 SH SOLE
N/A X
LEXMARK INTL GROUP COM 52977110 1586 15000 SH SOLE
N/A X
LILLY ELI & CO COM COM 53245710 8555 136600 SH SOLE
N/A X
LIMITED INC COM COM 53271610 1146 27200 SH SOLE
N/A X
LINCOLN NATL CORP COM 53418710 854 25500 SH SOLE
N/A X
LINEAR TECHNOLOGY COM 53567810 330 6000 SH SOLE
N/A X
LIZ CLAIBORNE INC COM 53932010 367 8000 SH SOLE
N/A X
LOCKHEED MARTIN CO COM 53983010 1028 50300 SH SOLE
N/A X
LOEWS CORP COM COM 54042410 695 13900 SH SOLE
N/A X
LONGS DRUG STORES COM 54316210 114 5000 SH SOLE
N/A X
LOUISIANA PAC CORP COM 54634710 190 13700 SH SOLE
N/A X
LOWES COS INC COM COM 54866110 2668 45700 SH SOLE
N/A X
LUCENT TECHNOLOGIE COM 54946310 23986 391600 SH SOLE
N/A X
MBIA COM COM 55262C10 661 12700 SH SOLE
N/A X
MBNA CORP COM 55262L10 2532 99300 SH SOLE
N/A X
MCI WORLDCOM INC COM 55268B10 15941 351800 SH SOLE
N/A X
MGIC INVT CORP COM 55284810 606 13900 SH SOLE
N/A X
MALLINCKRODT INC N COM 56123210 262 9100 SH SOLE
N/A X
MANOR CARE COM 56405510 192 14200 SH SOLE
N/A X
MARSH & MCLENNAN COM 57174810 3707 33600 SH SOLE
N/A X
MARRIOTT INTL INC COM 57190320 1002 31800 SH SOLE
N/A X
MASCO CORP COM COM 57459910 1148 56000 SH SOLE
N/A X
MATTEL INC COM COM 57708110 558 53100 SH SOLE
N/A X
MAY DEPARTMENT STO COM 57777810 1214 42600 SH SOLE
N/A X
MAYTAG CORP COM COM 57859210 374 11300 SH SOLE
N/A X
MCDERMOTT INTL INC COM 58003710 69 7500 SH SOLE
N/A X
MCDONALD'S COM 58013510 6283 168100 SH SOLE
N/A X
MCGRAW HILL COMPAN COM 58064510 1147 25200 SH SOLE
N/A X
MCKESSON HBOC INC COM 58155Q10 741 35300 SH SOLE
N/A X
MEAD CORP COM COM 58283410 451 12900 SH SOLE
N/A X
MEDIAONE GROUP INC COM 58440J10 6051 74700 SH SOLE
N/A X
MEDTRONIC INC COM COM 58505510 7448 144800 SH SOLE
N/A X
MELLON FINANCIAL C COM 58551A10 1916 64400 SH SOLE
N/A X
MERCK & CO INC COM COM 58933110 18054 290600 SH SOLE
N/A X
MEREDITH CORP COM COM 58943310 183 6600 SH SOLE
N/A X
MERRILL LYNCH COM 59018810 4925 46900 SH SOLE
N/A X
MICROSOFT COM 59491810 68128 641200 SH SOLE
N/A X
MICRON TECHNOLOGY COM 59511210 4019 31900 SH SOLE
N/A X
MILACRON INC COM 59870910 68 4700 SH SOLE
N/A X
MILLIPORE CORP COM COM 60107310 316 5600 SH SOLE
N/A X
MINNESOTA MINING & COM 60405910 4543 51300 SH SOLE
N/A X
MIRAGE RESORTS INC COM 60462E10 490 25300 SH SOLE
N/A X
MOLEX INC COM 60855410 1322 22500 SH SOLE
N/A X
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</TABLE>
