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, 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, October 13, 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 SOLESHAR NONE
ADC TELECOMMUNICAT COM 88610 3152 77000 SH
SOLE N/A X
AFLAC CORP COM 105510 1733 32100 SH
SOLE N/A X
AES CORP COM 00130H10 3098 48600 SH
SOLE N/A X
AMR CORP DEL COM COM 176510 643 19600 SH
SOLE N/A X
AMERICAN TEL & TEL COM 195710 14275 453165 SH
SOLE N/A X
ABBOTT LABORATORIE COM 282410 8269 189000 SH
SOLE N/A X
ADAPTEC COM 00651F10 294 12000 SH
SOLE N/A X
ADOBE SYS INC COM COM 00724F10 1898 14600 SH
SOLE N/A X
ADVANCED MICRO DEV COM 790310 1407 37400 SH
SOLE N/A X
AETNA INC COM 811710 1007 18000 SH
SOLE N/A X
AGILENT TECHNOLOGI COM 00846U10 3098 51369 SH
SOLE N/A X
AIR PRODUCTS & CHE COM 915810 1060 29200 SH
SOLE N/A X
ALBERTO CULVER CO COM 1306810 204 7200 SH
SOLE N/A X
ALBERTSONS INC COM COM 1310410 1109 51600 SH
SOLE N/A X
ALCAN ALUM LTD-ADR COM 1371610 945 28800 SH
SOLE N/A X
ALCOA, INC COM 1381710 3527 106084 SH
SOLE N/A X
ALLEGHENY TECHNOLO COM 01741R10 268 12300 SH
SOLE N/A X
ALLERGAN INC COM 1849010 1243 17000 SH
SOLE N/A X
ALLIED WASTE INDUS COM 1958930 211 23000 SH
SOLE N/A X
ALLSTATE CORP COM 2000210 2653 91300 SH
SOLE N/A X
ALLTEL CORP COM COM 2003910 1815 35900 SH
SOLE N/A X
ALTERA CORP. COM 2144110 2981 46000 SH
SOLE N/A X
ALZA CORP CL A COM 2261510 976 12900 SH
SOLE N/A X
AMERADA HESS CORP COM 2355110 787 11500 SH
SOLE N/A X
AMEREN CORP COM 2360810 708 17500 SH
SOLE N/A X
AMERICA ON LINE COM 02364J10 16356 279000 SH
SOLE N/A X
AMERICAN ELEC PWR COM 2553710 1440 40860 SH
SOLE N/A X
AMERICAN EXPRESS COM 2581610 9590 162200 SH
SOLE N/A X
AMERICAN GENERAL C COM 2635110 2221 30500 SH
SOLE N/A X
AMERICAN GREETINGS COM 2637510 160 8600 SH
SOLE N/A X
AMERICAN HOME PROD COM 2660910 8562 158000 SH
SOLE N/A X
AMERICAN INTL GROU COM 2687410 24796 278212 SH
SOLE N/A X
AMERICAN POWER CON COM 2906610 476 20000 SH
SOLE N/A X
AMGEN COM 3116210 9408 124100 SH
SOLE N/A X
AMSOUTH BANCORPORA COM 3216510 812 44500 SH
SOLE N/A X
ANADARKO PETE CORP COM 3251110 1974 30005 SH
SOLE N/A X
ANALOG DEVICES COM 3265410 4221 42000 SH
SOLE N/A X
ANDREW CORP COM COM 3442510 311 10500 SH
SOLE N/A X
ANHEUSER BUSCH COS COM 3522910 8780 111400 SH
SOLE N/A X
AON CORP COM COM 3738910 1220 32700 SH
SOLE N/A X
APACHE CORP COM COM 3741110 901 14300 SH
SOLE N/A X
APPLE COMPUTER COM 3783310 2474 40600 SH
SOLE N/A X
APPLIED MATLS INC COM 3822210 8390 97200 SH
SOLE N/A X
ARCHER DANIELS MID COM 3948310 706 80151 SH
SOLE N/A X
ARMSTRONG HOLDINGS COM 4238410 81 5100 SH
SOLE N/A X
ASHLAND INC COM 4420410 328 9300 SH
SOLE N/A X
ASSOCIATES FIRST C COM 4600810 2483 88300 SH
SOLE N/A X
AUTODESK INC COM COM 5276910 211 7500 SH
SOLE N/A X
AUTOMATIC DATA PRO COM 5301510 4526 75900 SH
SOLE N/A X
AUTOZONE INC COM 5333210 430 19100 SH
SOLE N/A X
AVERY DENNISON COR COM 5361110 784 14500 SH
SOLE N/A X
AVON PRODS INC COM COM 5430310 1152 29400 SH
SOLE N/A X
BB & T CORP COM 5493710 1085 40100 SH
SOLE N/A X
BMC SOFTWARE INC COM 5592110 813 30100 SH
SOLE N/A X
BAKER HUGHES INC C COM 5722410 1525 41700 SH
SOLE N/A X
BALL CORP COM COM 5849810 135 3900 SH
SOLE N/A X
BANK OF AMERICA CO COM 6050510 10734 200400 SH
SOLE N/A X
BANK NEW YORK INC COM 6405710 4751 90600 SH
SOLE N/A X
BANK ONE CORP COM 06423A10 4886 138600 SH
SOLE N/A X
BARD C R INC COM COM 6738310 322 6600 SH
SOLE N/A X
BARRICK GOLD CORP COM 6790110 1163 49700 SH
SOLE N/A X
BAUSCH & LOMB INC COM 7170710 261 7300 SH
SOLE N/A X
BAXTER INTERNATION COM 7181310 2930 35200 SH
SOLE N/A X
BEAR STEARNS COS I COM 7390210 908 13540 SH
SOLE N/A X
BECTON DICKINSON & COM 7588710 958 31800 SH
SOLE N/A X
BED BATH & BEYOND COM 7589610 492 28000 SH
SOLE N/A X
BELLSOUTH CORP COM 7986010 8541 228900 SH
SOLE N/A X
BEMIS INC COM COM 8143710 224 6700 SH
SOLE N/A X
BEST BUY INC COM COM 8651610 1550 25100 SH
SOLE N/A X
BESTFOODS COM 08658U10 2232 31600 SH
SOLE N/A X
BETHLEHEM STL CORP COM 8750910 58 16600 SH
SOLE N/A X
BIOGEN INC COM 9059710 830 12000 SH
SOLE N/A X
BIOMET INC COM COM 9061310 725 21450 SH
SOLE N/A X
BLACK & DECKER COR COM 9179710 445 11100 SH
SOLE N/A X
BLOCK H & R INC CO COM 9367110 445 12400 SH
SOLE N/A X
BOEING CO COM COM 9702310 5770 107600 SH
SOLE N/A X
BOISE CASCADE CORP COM 9738310 215 7200 SH
SOLE N/A X
BOSTON SCIENTIFIC COM 10113710 954 50400 SH
SOLE N/A X
BRIGGS & STRATTON COM 10904310 130 3000 SH
SOLE N/A X
BRISTOL-MYERS SQUI COM 11012210 12651 238700 SH
SOLE N/A X
BROADCOM CORP COM 11132010 6250 25000 SH
SOLE N/A X
BROWN FORMAN CORP COM 11563720 461 8700 SH
SOLE N/A X
BRUNSWICK CORP COM COM 11704310 219 11700 SH
SOLE N/A X
BURLINGTON NORTN S COM 12189T10 1164 52000 SH
SOLE N/A X
BURLINGTON RESOURC COM 12201410 888 22600 SH
SOLE N/A X
CIGNA CORP COM COM 12550910 1916 19700 SH
SOLE N/A X
CIT GROUP INC COM 12557710 263 15000 SH
SOLE N/A X
CMS ENERGY CORP CO COM 12589610 392 15000 SH
SOLE N/A X
C P & L ENERGY, IN COM 12614C10 714 19300 SH
SOLE N/A X
CSX CORP COM COM 12640810 661 27700 SH
SOLE N/A X
CVS CORP COM 12665010 1793 48300 SH
SOLE N/A X
CABLETRON SYS INC COM 12692010 824 22000 SH
SOLE N/A X
CAMPBELL SOUP CO COM 13442910 1335 52600 SH
SOLE N/A X
CAPITAL ONE FINL C COM 14040H10 1520 25200 SH
SOLE N/A X
CARDINAL HEALTH IN COM 14149Y10 2553 31200 SH
SOLE N/A X
CARNIVAL CORP COM 14365810 1420 71200 SH
SOLE N/A X
CATERPILLAR COM 14912310 1558 42400 SH
SOLE N/A X
CENDANT CORP COM 15131310 1106 83894 SH
SOLE N/A X
CENTEX CORP COM COM 15231210 219 7600 SH
SOLE N/A X
CENTURYTEL INC COM 15670010 513 17800 SH
SOLE N/A X
CERIDIAN CORP COM 15677T10 445 18400 SH
SOLE N/A X
CHARTER ONE FINANC COM 16090310 299 12600 SH
SOLE N/A X
CHASE MANHATTAN BA COM 16161A10 8387 150100 SH
SOLE N/A X
CHEVRON COM 16675110 6684 79100 SH
SOLE N/A X
CHUBB CORP COM COM 17123210 1577 20600 SH
SOLE N/A X
CINCINNATI FINL CO COM 17206210 820 21100 SH
SOLE N/A X
CINERGY CORP COM 17247410 596 20300 SH
SOLE N/A X
CIRCUIT CITY STORE COM 17273710 664 25600 SH
SOLE N/A X
CISCO SYSTEMS COM 17275R10 58304 849600 SH
SOLE N/A X
CITIGROUP, INC COM 17296710 31740 543733 SH
SOLE N/A X
CITRIX SYSTEMS COM 17737610 440 20000 SH
SOLE N/A X
CLEAR CHANNEL COMM COM 18450210 4726 65300 SH
SOLE N/A X
CLOROX CO COM COM 18905410 1086 30000 SH
SOLE N/A X
COASTAL CORP COM COM 19044110 1805 26200 SH
SOLE N/A X
COCA COLA COM 19121610 15751 299300 SH
SOLE N/A X
COCA COLA ENTERPRI COM 19121910 1008 54100 SH
SOLE N/A X
COLGATE PALMOLIVE COM 19416210 3571 70100 SH
SOLE N/A X
COLUMBIA ENERGY GR COM 19764810 737 10500 SH
SOLE N/A X
COMCAST CORP COM 20030020 3893 104500 SH
SOLE N/A X
COMERICA INC COM COM 20034010 1121 19900 SH
SOLE N/A X
COMPAQ COMPUTERS COM 20449310 7007 205700 SH
SOLE N/A X
COMPUTER ASSOC INT COM 20491210 2200 69300 SH
SOLE N/A X
COMPUTER SCIENCES COM 20536310 1597 20200 SH
SOLE N/A X
COMPUWARE CORP COM COM 20563810 476 45100 SH
SOLE N/A X
COMVERSE TECHNOLOG COM 20586240 1471 16000 SH
SOLE N/A X
CONAGRA INC COM COM 20588710 1106 60400 SH
SOLE N/A X
CONEXANT SYSTEMS I COM 20714210 930 25000 SH
SOLE N/A X
CONOCO, INC CLASS COM 20825140 2020 77337 SH
SOLE N/A X
CONSECO INC COM COM 20846410 348 41200 SH
SOLE N/A X
CONSOLIDATED EDISO COM 20911510 877 28000 SH
SOLE N/A X
CONSOLIDATED STORE COM 21014910 191 14000 SH
SOLE N/A X
CONSTELLATION ENER COM 21037110 731 19100 SH
SOLE N/A X
CONVERGYS CORP COM 21248510 469 12000 SH
SOLE N/A X
COOPER INDS INC CO COM 21666910 424 12000 SH
SOLE N/A X
COOPER TIRE & RUBB COM 21683110 117 9700 SH
SOLE N/A X
COORS ADOLPH CO CL COM 21701610 280 4700 SH
SOLE N/A X
CORNING INC COM 21935010 10855 33100 SH
SOLE N/A X
COSTCO WHSL CORP COM 22160K10 1928 56000 SH
SOLE N/A X
COUNTRYWIDE CR IND COM 22237210 545 14400 SH
SOLE N/A X
CRANE CO COM COM 22439910 219 8700 SH
SOLE N/A X
CROWN CORK & SEAL COM 22825510 202 15600 SH
SOLE N/A X
CUMMINS ENGINE INC COM 23102110 192 5400 SH
SOLE N/A X
DTE ENERGY COM 23333110 643 18500 SH
SOLE N/A X
DANA CORP COM COM 23581110 523 21200 SH
SOLE N/A X
DANAHER CORP COM COM 23585110 972 17300 SH
SOLE N/A X
DARDEN RESTAURANTS COM 23719410 302 17100 SH
SOLE N/A X
DEERE & CO COM COM 24419910 972 29500 SH
SOLE N/A X
DELL COMPUTER CORP COM 24702510 13624 312300 SH
SOLE N/A X
DELPHI AUTOMOTIVE COM 24712610 1184 72000 SH
SOLE N/A X
DELTA AIR LINES IN COM 24736110 762 15400 SH
SOLE N/A X
DELUXE CORPORATION COM 24801910 220 10000 SH
SOLE N/A X
DEVON ENERGY CORP COM 25179M10 351 6000 SH
SOLE N/A X
DILLARDS INC CL A COM 25406710 174 13600 SH
SOLE N/A X
DISNEY (WALT) CO COM 25468710 9793 251500 SH
SOLE N/A X
DOLLAR GEN CORP CO COM 25666910 725 35250 SH
SOLE N/A X
DOMINION RES INC V COM 25746U10 1604 30269 SH
SOLE N/A X
DONNELLEY R R & SO COM 25786710 430 16700 SH
SOLE N/A X
DOVER CORP COM COM 26000310 1207 24700 SH
SOLE N/A X
DOW CHEM CO COM COM 26054310 2200 84000 SH
SOLE N/A X
DOW JONES & CO INC COM 26056110 719 11500 SH
SOLE N/A X
DUPONT (EI) DE NEM COM 26353410 5686 126699 SH
SOLE N/A X
DUKE ENERGY CORPOR COM 26439910 3322 44400 SH
SOLE N/A X
EMC CORP MASS COM COM 26864810 25800 263262 SH
SOLE N/A X
EASTERN ENTERPRISE COM 27637F10 183 2900 SH
SOLE N/A X
EASTMAN CHEM CO COM 27743210 431 10000 SH
SOLE N/A X
EASTMAN KODAK COM 27746110 2366 38000 SH
SOLE N/A X
EATON CORP COM COM 27805810 611 9200 SH
SOLE N/A X
ECOLAB INC COM COM 27886510 642 16500 SH
SOLE N/A X
EDISON INTL COM 28102010 834 40300 SH
SOLE N/A X
EL PASO ENERGY COR COM 28390510 1282 22000 SH
SOLE N/A X
ELECTRONIC DATA SY COM 28566110 2809 56400 SH
SOLE N/A X
EMERSON ELECTRIC COM 29101110 3475 52500 SH
SOLE N/A X
ENGELHARD CORP COM COM 29284510 300 16000 SH
SOLE N/A X
ENRON CORP COM COM 29356110 7528 88700 SH
SOLE N/A X
ENTERGY CORP NEW COM 29364G10 852 28000 SH
SOLE N/A X
EQUIFAX INC COM 29442910 468 18400 SH
SOLE N/A X
EXXON MOBIL CORP COM 30231G10 34344 420750 SH
SOLE N/A X
FMC CORP COM NEW COM 30249130 271 4000 SH
SOLE N/A X
FPL GROUP INC COM 30257110 1228 23000 SH
SOLE N/A X
FEDERAL HOME LN MT COM 31340030 3619 85900 SH
SOLE N/A X
FEDERAL NATIONAL M COM 31358610 6649 123700 SH
SOLE N/A X
FEDERATED DEPT STO COM 31410H10 735 26600 SH
SOLE N/A X
FEDEX CORP COM 31428X10 1448 35900 SH
SOLE N/A X
FIFTH THIRD BANCOR COM 31677310 2376 51450 SH
SOLE N/A X
FIRST DATA COM 31996310 2389 50100 SH
SOLE N/A X
FIRST UNION CORP COM 33735810 3507 121200 SH
SOLE N/A X
FIRSTAR CORP NEW W COM 33763V10 2849 119329 SH
SOLE N/A X
FIRSTENERGY CORP COM 33793210 740 29900 SH
SOLE N/A X
FLEET BOSTON FINAN COM 33903010 4737 110970 SH
SOLE N/A X
FLORIDA PROGRESS C COM 34110910 648 12500 SH
SOLE N/A X
FLUOR CORP COM COM 34386110 290 9700 SH
SOLE N/A X
FORD MOTOR COM 34537086 5482 226660 SH
SOLE N/A X
FORT JAMES CORP COM 34747110 889 28100 SH
SOLE N/A X
FORTUNE BRANDS INC COM 34963110 543 21300 SH
SOLE N/A X
FRANKLIN RESOURCES COM 35461310 1220 32100 SH
SOLE N/A X
FREEPORT-MCMORAN C COM 35671D85 204 20800 SH
SOLE N/A X
GPU INC COM 36225X10 490 16000 SH
SOLE N/A X
GANNETT COM 36473010 1846 32600 SH
SOLE N/A X
GAP COM 36476010 2325 103600 SH
SOLE N/A X
GATEWAY INC COM 36762610 2724 40000 SH
SOLE N/A X
GENERAL DYNAMICS C COM 36955010 1466 23300 SH
SOLE N/A X
GENERAL ELECTRIC COM 36960410 69914 1191300 SH
SOLE N/A X
GENERAL MILLS INC COM 37033410 1157 36000 SH
SOLE N/A X
GENERAL MOTORS COM 37044210 4728 65500 SH
SOLE N/A X
GENUINE PARTS CO C COM 37246010 469 22800 SH
SOLE N/A X
GEORGIA PAC CORP C COM 37329810 586 21900 SH
SOLE N/A X
GILLETTE COM 37576610 3852 128400 SH
SOLE N/A X
GOLDEN WEST FINL C COM 38131710 910 19100 SH
SOLE N/A X
GOODRICH B F CO CO COM 38238810 510 12500 SH
SOLE N/A X
GOODYEAR TIRE & RU COM 38255010 465 19900 SH
SOLE N/A X
GRACE W R & CO DEL COM 38388F10 70 8800 SH
SOLE N/A X
GRAINGER W W INC C COM 38480210 344 11900 SH
SOLE N/A X
GREAT LAKES CHEM C COM 39056810 250 7400 SH
SOLE N/A X
GUIDANT CORP COM 40169810 2490 37000 SH
SOLE N/A X
HCA-HEALTHCARE, CO COM 40411910 2325 67400 SH
SOLE N/A X
HALLIBURTON CO COM 40621610 2846 53700 SH
SOLE N/A X
HARCOURT GENERAL I COM 41163G10 540 9100 SH
SOLE N/A X
HARLEY DAVIDSON IN COM 41282210 1445 29000 SH
SOLE N/A X
HARRAHS ENTMT INC COM 41361910 463 16300 SH
SOLE N/A X
HARTFORD FINL SVCS COM 41651510 1759 26400 SH
SOLE N/A X
HASBRO INC COM COM 41805610 307 24900 SH
SOLE N/A X
HEALTHSOUTH CORP COM 42192410 314 51200 SH
SOLE N/A X
HEINZ COM 42307410 1651 43300 SH
SOLE N/A X
HERCULES INC COM COM 42705610 170 12800 SH
SOLE N/A X
HERSHEY FOODS CORP COM 42786610 760 17800 SH
SOLE N/A X
HEWLETT PACKARD COM 42823610 14599 120900 SH
SOLE N/A X
HILTON HOTELS CORP COM 43284810 329 32900 SH
SOLE N/A X
HOME DEPOT COM 43707610 13474 280350 SH
SOLE N/A X
HOMESTAKE MNG CO C COM 43761410 185 33200 SH
SOLE N/A X
HONEYWELL INT'L IN COM 43851610 3767 97687 SH
SOLE N/A X
HOUSEHOLD INTL COR COM 44181510 2789 58100 SH
SOLE N/A X
HUMANA COM 44485910 183 21400 SH
SOLE N/A X
HUNTINGTON BANCSHA COM 44615010 547 32428 SH
SOLE N/A X
IMS HEALTH, INC COM 44993410 763 40400 SH
SOLE N/A X
ITT INDS INC COM 45091110 377 11200 SH
SOLE N/A X
ILLINOIS TOOL WKS COM 45230810 1788 31900 SH
SOLE N/A X
INCO LTD COM COM 45325840 641 24500 SH
SOLE N/A X
INGERSOLL RAND CO COM 45686610 966 21200 SH
SOLE N/A X
INTEL CORP COM 45814010 60649 810000 SH
SOLE N/A X
INTL BUSINESS MACH COM 45920010 28301 214400 SH
SOLE N/A X
INTERNATIONAL FLAV COM 45950610 348 13500 SH
SOLE N/A X
INTL PAPER COM 46014610 1942 60929 SH
SOLE N/A X
INTERPUBLIC GROUP COM 46069010 1369 35800 SH
SOLE N/A X
JDS UNIPHASE CORPO COM 46612J10 13818 111000 SH
SOLE N/A X
JEFFERSON PILOT CO COM 47507010 894 13500 SH
SOLE N/A X
JOHNSON & JOHNSON COM 47816010 15519 168800 SH
SOLE N/A X
JOHNSON CTLS INC C COM 47836610 582 10900 SH
SOLE N/A X
KLA-TENCOR CORPORA COM 48248010 1470 22400 SH
SOLE N/A X
K MART CORP COM COM 48258410 442 63100 SH
SOLE N/A X
KAUFMAN & BROAD HO COM 48616810 151 6100 SH
SOLE N/A X
KELLOGG CO COM COM 48783610 1159 50000 SH
SOLE N/A X
KERR MCGEE CORP CO COM 49238610 695 11000 SH
SOLE N/A X
KEYCORP NEW COM 49326710 1116 55300 SH
SOLE N/A X
KEYSPAN CORP COM 49337W10 276 8000 SH
SOLE N/A X
KIMBERLY CLARK COM 49436810 3972 67900 SH
SOLE N/A X
KNIGHT RIDDER INC COM 49904010 546 10000 SH
SOLE N/A X
KOHLS CORP COM 50025510 2206 39400 SH
SOLE N/A X
KROGER CO COM COM 50104410 2321 102300 SH
SOLE N/A X
LSI LOGIC CORP COM COM 50216110 1308 36400 SH
SOLE N/A X
LEGGETT & PLATT COM 52466010 177 10000 SH
SOLE N/A X
LEHMAN BROS HLDGS COM 52490810 2190 15100 SH
SOLE N/A X
LEXMARK INTL GROUP COM 52977110 1017 15000 SH
SOLE N/A X
LILLY ELI & CO COM COM 53245710 9826 134600 SH
SOLE N/A X
LIMITED INC COM COM 53271610 1088 54400 SH
SOLE N/A X
LINCOLN NATL CORP COM 53418710 1269 23500 SH
SOLE N/A X
LINEAR TECHNOLOGY COM 53567810 2590 36000 SH
SOLE N/A X
LIZ CLAIBORNE INC COM 53932010 352 8000 SH
SOLE N/A X
LOCKHEED MARTIN CO COM 53983010 1427 50300 SH
SOLE N/A X
LOEWS CORP COM COM 54042410 1004 12400 SH
SOLE N/A X
LONGS DRUG STORES COM 54316210 94 5000 SH
SOLE N/A X
LOUISIANA PAC CORP COM 54634710 145 13700 SH
SOLE N/A X
LOWES COS INC COM COM 54866110 2048 45700 SH
SOLE N/A X
LUCENT TECHNOLOGIE COM 54946310 16520 395100 SH
SOLE N/A X
MBIA COM COM 55262C10 835 12700 SH
SOLE N/A X
MBNA CORP COM 55262L10 3507 99300 SH
SOLE N/A X
MGIC INVT CORP COM 55284810 817 13900 SH
SOLE N/A X
MALLINCKRODT INC N COM 56123210 410 9100 SH
SOLE N/A X
MANOR CARE COM 56405510 190 14200 SH
SOLE N/A X
MARSH & MCLENNAN COM 57174810 3871 32600 SH
SOLE N/A X
MARRIOTT INTL INC COM 57190320 1157 29300 SH
SOLE N/A X
MASCO CORP COM COM 57459910 1092 56000 SH
SOLE N/A X
MATTEL INC COM COM 57708110 524 53100 SH
SOLE N/A X
MAXIM INTEGRATED P COM 57772K10 2806 32000 SH
SOLE N/A X
MAY DEPARTMENT STO COM 57777810 977 42600 SH
SOLE N/A X
MAYTAG CORP COM COM 57859210 431 11300 SH
SOLE N/A X
MCDERMOTT INTL INC COM 58003710 58 7500 SH
SOLE N/A X
MCDONALD'S COM 58013510 4902 164100 SH
SOLE N/A X
MCGRAW HILL COMPAN COM 58064510 1561 25200 SH
SOLE N/A X
MCKESSON HBOC INC COM 58155Q10 880 35300 SH
SOLE N/A X
MEAD CORP COM COM 58283410 346 12900 SH
SOLE N/A X
MEDIMMUNE, INC COM 58469910 1683 20000 SH
SOLE N/A X
MEDTRONIC INC COM COM 58505510 7421 144800 SH
SOLE N/A X
MELLON FINANCIAL C COM 58551A10 2733 60400 SH
SOLE N/A X
MERCK & CO INC COM COM 58933110 19467 278600 SH
SOLE N/A X
MERCURY INTERACTIV COM 58940510 855 7000 SH
SOLE N/A X
MEREDITH CORP COM COM 58943310 180 6600 SH
SOLE N/A X
MERRILL LYNCH COM 59018810 13601 93800 SH
SOLE N/A X
MICROSOFT COM 59491810 44205 633200 SH
SOLE N/A X
MICRON TECHNOLOGY COM 59511210 5543 67800 SH
SOLE N/A X
MILLIPORE CORP COM COM 60107310 341 5600 SH
SOLE N/A X
MINNESOTA MINING & COM 60405910 4445 47800 SH
SOLE N/A X
MOLEX INC COM 60855410 1188 22500 SH
SOLE N/A X
MORGAN J P & CO IN COM 61688010 3243 19400 SH
SOLE N/A X
MORGAN STANLEY DEA COM 61744644 14725 136900 SH
SOLE N/A X
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</TABLE>
