UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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: National Life Insurance Company
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Address: One National Life Drive
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Montpelier, VT 05604
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Form 13F File Number: 28-2697
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: Joyce B. LaRosa
--------------------
Title: Assistant Controller
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Phone: 802-229-7433
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Signature, Place, and Date of Signing:
/s/ Joyce B. LaRosa Montpelier, Vermont November 10, 2000
---------------------------- ------------------------ -----------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ XX ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
NONE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
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Form 13F Information Table Entry Total: 673
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Form 13F Information Table Value Total: $ 3,009,367
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(thousands)
List of other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
--- -------------------- ----
01 28-02697-03 NL Capital Management, Inc.
02 28-02697-01 Sentinel Advisors Company
03 28-02697-02 National Life Investment Management, Inc.
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- ----- -------- ------- --- ---- ---------- -------- ---- ------- ----
<S> <C> C> <C> <C> <C> <C> <C> <C> <C> <C>
AAR CORP. COM 000361105 2642 231000 SHR SOLE 2 231000
ADC TELECOMUNICATIONS COM 000886101 403 14970 SHR SOLE 2 14970
ABN AMRO HOLDING NV ADR 000937102 36 1575 SHR SOLE 2 1575
ABM INDUSTRIES INC. COM 000957100 2093 77000 SHR SOLE 2 77000
AES CORPORATION COM 00130H105 192 2810 SHR SOLE 2 2810
AMR CORP COM 001765106 43 1330 SHR SOLE 2 1330
AT&T CORP. COM 001957109 36808 1253033 SHR SOLE 1,2 1253033
AT&T CORP LIBERTY MEDIA COM 001957208 237 13180 SHR SOLE 2 13180
AVT CORPORATION COM 002420107 670 120500 SHR SOLE 2 120500
ABBOTT LABORATORIES COM 002824100 19162 402870 SHR SOLE 1,2 402870
ABBEY NATIONAL PLC ADR 002920106 28 1068 SHR SOLE 2 1068
ACTEL CORP. COM 004934105 2803 78000 SHR SOLE 2 78000
ACTIVE POWER INC. COM 00504W100 986 15900 SHR SOLE 2 15900
ACTUANT CORPORATION CLASS COM 00508X104 758 192568 SHR SOLE 2 192568
ACXIOM CORP. COM 005125109 7366 232000 SHR SOLE 2 232000
ADELPHIA COMMUNICATIONS PFD 006848303 645 6500 SHR SOLE 2 6500
ADMINISTAFF INC COM 007094105 8092 106900 SHR SOLE 2 106900
ADOBE SYSTEMS INC COM 00724F101 388 2499 SHR SOLE 2 2499
AEROFLEX INC. COM 007768104 2237 46000 SHR SOLE 2 46000
AETNA LIFE COM 008117103 8709 150000 SHR SOLE 2 150000
AFFILIATED COMPUTER SVCS - A COM 008190100 8017 160737 SHR SOLE 1,2 160737
AGILENT TECHNOLOGIES, INC COM 00846U101 5152 105267 SHR SOLE 1,2 105267
AIR PRODUCTS & CHEMICALS COM 009158106 99 2740 SHR SOLE 1,2 2740
ALBERTO-CULVER CO COM 013068200 1930 77000 SHR SOLE 2 77000
ALBERTSON'S, INC. COM 013104104 72 3450 SHR SOLE 1 3450
ALCOA INC. COM 013817101 13170 520300 SHR SOLE 2 520300
ALCATEL SA ADR 013904305 5747 91397 SHR SOLE 1,2 44000
ALLERGAN, INC. COM 018490102 281 3327 SHR SOLE 2 3327
ALLIED ZURICH PLC ADR 01959Q101 3 125 SHR SOLE 2 125
ALLSTATE CORP COM 020002101 133 3813 SHR SOLE 2 3813
ALLTELL CORP COM 020039103 4389 84096 SHR SOLE 2 84096
ALPHA INDUSTRIES, INC. COM 020753109 5812 170628 SHR SOLE 1,2 170628
ALTERA CORP COM 021441100 960 20110 SHR SOLE 2 20110
ALZA CORP. COM 022615108 156 1800 SHR SOLE 2 1800
AMEREN CORP. COM 023608102 47 1133 SHR SOLE 1 1133
AMERICA ONLINE INC. COM 02364J104 3528 65638 SHR SOLE 1,2 65638
AMERICAN ELEC. POWER COM 025537101 14 349 SHR SOLE 1 349
AMERICAN EXPRESS CO. COM 025816109 35318 581361 SHR SOLE 1,2 581361
AMERICAN GENERAL CORP. COM 026351106 39365 504674 SHR SOLE 2 504674
AMERICAN HOMES PRODUCTS CORP COM 026609107 65039 1149867 SHR SOLE 1,2 1149867
AMERICAN INTERNATIONAL
GROUP, INC COM 026874107 66954 699718 SHR SOLE 1,2 699718
AMERICAN MGMT SYS INC. COM 027352103 2011 117000 SHR SOLE 2 117000
AMERICAN NATIONAL INSURANCE COM 028591105 13 200 SHR SOLE 2 200
AMERICAN POWER CONVERSION COM 029066107 96 5000 SHR SOLE 2 5000
AMES DEPARTMENT STORES COM 030789507 10 1700 SHR SOLE 2 1700
AMGEN INC. COM 031162100 4472 64046 SHR SOLE 1,2 64046
ANADARKO PETROLEUM COM 032511107 220 3317 SHR SOLE 1,2 3317
ANALOG DEVICES INC. COM 032654105 9313 112803 SHR SOLE 1,2 112803
ANHEUSER-BUSCH COS INC COM 035229103 716 16914 SHR SOLE 2 16914
ANTEC CORPORATION COM 03664P105 12 400 SHR SOLE 1 400
APACHE CORP COM 037411105 66 1110 SHR SOLE 2 1110
APCO ARGENTINA INC COM 037489101 53 2200 SHR SOLE 2 2200
APPLE COMPUTER INC COM 037833100 44 1695 SHR SOLE 2 1695
APPLEBEES INTERNATIONAL COM 037899101 1771 77000 SHR SOLE 2 77000
APPLIED MATLS INC COM 038222105 5049 85130 SHR SOLE 2 85130
APPLIED POWER INC CLASS A COM 038225108 4 1030 SHR SOLE 2 1030
APTARGROUP INC COM 038336103 4428 185000 SHR SOLE 2 185000
ARCHER-DANIELS-MIDL COM 039483102 3 315 SHR SOLE 2 315
ARCHSTONE COMMUNITIES TRUST COM 039581103 15 610 SHR SOLE 2 610
ARIBA, INC COM 04033V104 9269 64700 SHR SOLE 2 64700
ASSOCIATES FIRST CAPITAL CORP COM 046008108 3 75 SHR SOLE 2 75
ASTRAZENECA PLC ADR 046353108 57 1089 SHR SOLE 2 1089
AUTOMATIC DATA PROCESSING COM 053015103 31800 475517 SHR SOLE 1,2 475517
AVALONBAY COMMUNITIES INC COM 053484101 5 109 SHR SOLE 2 109
AVERY DENNISON CORP COM 053611109 81 1756 SHR SOLE 2 1756
AVICI SYSTEMS, INC. COM 05367L109 1522 16000 SHR SOLE 2 16000
AVON PRODUCTS COM 054303102 215 5251 SHR SOLE 2 5251
AXA COM 054536107 22 336 SHR SOLE 2 336
BASF AG ADR 055262505 50 1378 SHR SOLE 2 1378
BISYS GROUP, INC. COM 055472104 4716 61000 SHR SOLE 2 61000
BJ SERVICES CO. COM 055482103 324 5300 SHR SOLE 2 5300
BP AMOCO PLC ADR 055622104 986 18606 SHR SOLE 1,2 18606
BRE PROPERTIES CL A COM 05564E106 12 390 SHR SOLE 2 390
BMC SOFTWARE, INC. COM 055921100 797 41655 SHR SOLE 1,2 41655
BANK OF AMERICA CORP. COM 060505104 24228 462589 SHR SOLE 1,2 462589
BANK OF NEW YORK, INC COM 064057102 57710 1029388 SHR SOLE 2 1029388
BANK ONE CORP. COM 06423A103 11834 306378 SHR SOLE 1,2 306378
BANK OF TOKYO-MITSUBISH ADR 065379109 46 3971 SHR SOLE 2 3971
BANKNORTH GROUP INC. COM 06646R107 499 27933 SHR SOLE 1 27933
BARR LABS INC. COM 068306109 6963 105000 SHR SOLE 2 105000
BAXTER INTL INC COM 071813109 35899 449791 SHR SOLE 1,2 449791
BAYER AG ADR 072730302 30 803 SHR SOLE 2 803
BEA SYSTEMS, INC COM 073325102 1308 16800 SHR SOLE 2 16800
BEAR STEARNS CO INC COM 073902108 91 1440 SHR SOLE 2 1440
BECTON DICKINSON COM 075887109 5 200 SHR SOLE 1 200
BED, BATH & BEYOND INC. COM 075896100 3061 125500 SHR SOLE 2 125500
BELLSOUTH CORP. COM 079860102 16616 412831 SHR SOLE 1,2 412831
BEMIS COMPANY COM 081437105 3017 93900 SHR SOLE 2 93900
BEN & JERRY'S HOMEMADE CL A COM 081465106 11 250 SHR SOLE 1 250
BERKSHIRE HATHAWAY INC. CL B COM 084670207 277 134 SHR SOLE 1,2 134
BEST BUY INCORPORATED COM 086516101 3371 52987 SHR SOLE 1,2 52987
BESTFOODS COM 08658U101 340 4669 SHR SOLE 1,2 4669
BIOGEN, INC. COM 090597105 202 3315 SHR SOLE 1,2 3315
BIOMET INC COM 090613100 86 2455 SHR SOLE 2 2455
BLACK BOX CORP. COM 091826107 2370 50840 SHR SOLE 2 50840
BLUE MARTINI SOFTWARE, IN COM 095698106 41 1200 SHR SOLE 2 1200
BOEING CO. COM 097023105 11859 188231 SHR SOLE 2 188231
BOSTON SCIENTIFIC CORP. COM 101137107 12511 761100 SHR SOLE 2 761100
BROWNE & CO COM 103043105 2 250 SHR SOLE 1 250
BRISTOL-MYERS SQUIBB CO COM 110122108 11983 209770 SHR SOLE 1,2 209770
BRITISH AIRWAYS PLC ADR 110419306 1095 25622 SHR SOLE 2 25622
BRITISH AMERICAN TOB ADR 110448107 3 225 SHR SOLE 2 225
BRITISH TELECOMM PLC ADR 111021408 2015 18820 SHR SOLE 2 18820
BROADCOM CORPORATION COM 111320107 12700 52101 SHR SOLE 2 52101
BROCADE COMMUNICATIONS COM 111621108 5570 23600 SHR SOLE 2 23600
BURLINGTON RESOURCES, INC COM 122014103 30290 822807 SHR SOLE 2 822807
BUSH BOAKE ALLEN, INC. COM 123162109 3586 75000 SHR SOLE 2 75000
CAIS INTERNET, INC. COM 12476Q102 3 600 SHR SOLE 1 600
C-CUBE MICROSYSTEMS INC. COM 12501N108 4282 208888 SHR SOLE 2 208888
CH ROBINSON WORLDWIDE INC COM 12541W100 6863 121770 SHR SOLE 2 121770
CIGNA CORP. COM 125509109 431 4125 SHR SOLE 1,2 4125
CMGI INC. COM 125750109 6 200 SHR SOLE 1 200
CSC HOLGINGS INC PFD 126304401 1127 10611 SHR SOLE 2 10324
CSX CORPORATION COM 126408103 17 800 SHR SOLE 1,2 800
CTS CORPORATION COM 126501105 9143 180601 SHR SOLE 1,2 180601
CVS CORP COM 126650100 5 104 SHR SOLE 2 104
CABLE & WIRELESS PLC ADR 126830207 9 200 SHR SOLE 1 200
CABLE DESIGN TECH CORP COM 126924109 5940 244300 SHR SOLE 2 244300
CABOT CORPORATION COM 127055101 225 7090 SHR SOLE 1 7090
CABOT OIL AND GAS CORP. COM 127097103 1569 77000 SHR SOLE 2 77000
CACI INTL. INC. COM 127190304 2015 94000 SHR SOLE 2 94000
CAL DIVE INTL INC COM 127914109 7741 135361 SHR SOLE 2 135361
CALPINE CORP COM 131347106 517 4950 SHR SOLE 2 4950
CAMBREX CORPORATION COM 132011107 9510 257015 SHR SOLE 1,2 257015
CAMPBELL SOUP COMPANY COM 134429109 224 8669 SHR SOLE 1,2 8669
CANON INC SPON ADR ADR 138006309 61 1381 SHR SOLE 2 1381
CAPITAL ONE FINANCIAL CORP COM 14040H105 6 90 SHR SOLE 2 90
CARBO CERAMICS INC COM 140781105 2045 77000 SHR SOLE 2 77000
CARDINAL HEALTH INC COM 14149Y108 86 980 SHR SOLE 2 980
CAREADVANTAGE, INC. COM 14166N209 1 10000 SHR SOLE 1 10000
CARLTON COMM PLC ADR 142872209 25 614 SHR SOLE 2 614
CARRAMERICA REALTY CORP COM 144418100 18 580 SHR SOLE 2 580
CASEYS GEN STORE COM 147528103 3003 231000 SHR SOLE 2 231000
CATALINA MARKETING CORP. COM 148867104 2980 79200 SHR SOLE 1,2 79200
CATERPILLAR, INC. COM 149123101 9255 274225 SHR SOLE 1,2 274225
CEDAR FAIR, L.P. COM 150185106 28 1500 SHR SOLE 1 1500
CELL THERAPEUTICS INC COM 150934107 7602 114000 SHR SOLE 2 114000
CELGENE CORP. COM 151020104 815 13700 SHR SOLE 2 13700
CENDANT CORP. COM 151313103 13 1200 SHR SOLE 1 1200
CENTRAIS ELEC BRAS ADR 15234Q207 2 230 SHR SOLE 2 230
CENTURI INC. COM 156410102 0 3000 SHR SOLE 1 3000
CENTURYTEL, INC. COM 156700106 23 843 SHR SOLE 1 843
CEPHALON INC COM 156708109 728 15000 SHR SOLE 2 15000
CERIDIAN CORP COM 15677T106 4 150 SHR SOLE 2 150
CHALONE WINE GROUP LTD COM 157639105 0 20 SHR SOLE 2 20
CHASE MANHATTAN CORP. COM 16161A108 15197 329020 SHR SOLE 1,2 329020
CHATEAU COMMUNITIES INC COM 161726104 4817 179654 SHR SOLE 1,2 179654
CHEVRON OIL COM 166751107 26052 305590 SHR SOLE 1,2 305590
CHIRON CORPORATION COM 170040109 3425 76100 SHR SOLE 2 76100
CHITTENDEN CORP. COM 170228100 85 3312 SHR SOLE 1 3312
CHUBB CORP. COM 171232101 673 8500 SHR SOLE 1,2 8500
CIBER INC. COM 17163B102 1906 231000 SHR SOLE 2 231000
CINCINNATI FINANCIAL CORP. COM 172062101 71 2000 SHR SOLE 1 2000
CISCO SYSTEMS INC. COM 17275R102 15387 278498 SHR SOLE 1,2 278498
CITIGROUP, INC. COM 172967101 56992 1054185 SHR SOLE 1,2 1054185
CITRIX SYSTEMS COM 177376100 58 2900 SHR SOLE 2 2900
CLAIRE'S STORES INC. COM 179584107 1386 77000 SHR SOLE 2 77000
CLEAR CHANNEL COMMUNICATION COM 184502102 94 1655 SHR SOLE 2 1655
CLOROX COM 189054109 8 200 SHR SOLE 1 200
COASTAL CORP COM 190441105 354 4777 SHR SOLE 2 4777
COCA-COLA CO. COM 191216100 2716 49264 SHR SOLE 1,2 49264
COLGATE-PALMOLIVE CO COM 194162103 636 13474 SHR SOLE 1,2 13474
THE COLONEL'S INT'L. COM 195405105 1 100 SHR SOLE 1 100
COLORADO MEDTECH,INC. COM 19652U104 1964 231000 SHR SOLE 2 231000
COMCAST CORP COM 200300200 250 6100 SHR SOLE 1,2 6100
COMMERCE ONE INC COM 200693109 550 7000 SHR SOLE 2 7000
COMMUNITY BANCORP INC/VT COM 20343A101 3 308 SHR SOLE 1 308 2020
COMMUNITY BANK INC COM 203628102 43 2020 SHR SOLE 1
COMPAQ COMPUTER CORP. COM 204493100 7760 281357 SHR SOLE 1,2 281357
COMPASS BANCSHARES COM 20449H109 98 5000 SHR SOLE 1 5000
COMPUTER ASSOCIATES INTL INC COM 204912109 2075 82388 SHR SOLE 1,2 82388
COMVERSE TECHNOLOGY INC COM 205862402 342 3170 SHR SOLE 2 3170
CONAGRA INC COM 205887102 3 150 SHR SOLE 2 150
CONEXANT SYSTEMS INC COM 207142100 150 3590 SHR SOLE 2 3590
CONNECTICUT LHT & PWR CALL
1/15/99@ 51.4 PRF 207597774 7 168 SHR SOLE 1 168
CONOCO INC. CLASS A COM 208251306 636 24350 SHR SOLE 1 24350
CONOCO, INC., CL B COM 208251405 27290 1013072 SHR SOLE 1,2 1013072
CONVERGYS CORPORATION COM 212485106 18437 474268 SHR SOLE 1,2 474268
COREL CORP COM 21868Q109 1 400 SHR SOLE 1 400
CORNING INC. COM 219350105 3025 10186 SHR SOLE 1,2 10186
CORUS GROUP PLC ADR 22087M101 795 102529 SHR SOLE 2 102529
CORVIS CORP. COM 221009103 653 10700 SHR SOLE 2 10700
COSINE COMMUNICATIONS INC COM 221222102 139 2500 SHR SOLE 2 2500
COSTCO WHSL CORP COM 22160K105 300 8600 SHR SOLE 1,2 8600
COUSINS PROPERTIES INC COM 222795106 23 535 SHR SOLE 2 535
COVANCE INC. COM 222816100 1228 150000 SHR SOLE 2 150000
COX COMMUNICATIONS INC COM 224044107 359 9383 SHR SOLE 2 9383
CREE INC. COM 225447101 4220 36300 SHR SOLE 2 36300
CROWN CASTLE INTL CORP PFD 228227302 832 8220 SHR SOLE 2 7970
GLOBAL CROSSING LTD. ADR 228506500 78 2500 SHR SOLE 1 2500
CULLEN/FROST BANKERS, INC COM 229899109 1495 46000 SHR SOLE 2 46000
CUMMINS ENGINE COM 231021106 6 205 SHR SOLE 2 205
CURAGEN CORP. COM 23126R101 2930 55000 SHR SOLE 2 55000
DPL INC COM 233293109 80 2700 SHR SOLE 2 2700
DQE INC. COM 23329J104 22 559 SHR SOLE 1 559
DALLAS SEMICONDUCTOR CORP. COM 235204104 10989 334261 SHR SOLE 1,2 334261
DARDEN RESTAURANTS INC COM 237194105 51 2440 SHR SOLE 2 2440
DE BEERS CONS MINES - LTD ADR 240253302 3 95 SHR SOLE 2 95
DELL COMPUTER CORP COM 247025109 1266 41078 SHR SOLE 2 41078
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 2 145 SHR SOLE 2 145
DELTA AIRLINES COM 247361108 18 400 SHR SOLE 2 400
DEUTSCHE BANK ADR 251525309 38 453 SHR SOLE 2 453
DEVELOPERS DIVERS REALTY CRP COM 251591103 9 705 SHR SOLE 2 705
DIAGEO PLC ADR 25243Q205 38 1079 SHR SOLE 2 1079
DIAGNOSTIC PRODUCTS CORP. COM 252450101 858 16000 SHR SOLE 2 16000
DIAMOND OFFSHORE DRILLING, INCCOM 25271C102 12 300 SHR SOLE 1 300
WALT DISNEY CO COM 254687106 20727 541882 SHR SOLE 1,2 541882
DIVERSA CORP. COM 255064107 405 15000 SHR SOLE 2 15000
DOLLAR GENERAL COM 256669102 3 200 SHR SOLE 2 200
DONALDSON COMPANY, INC. COM 257651109 4090 185900 SHR SOLE 1,2 185900
DOUBLECLICK INC COM 258609304 2976 93000 SHR SOLE 2 93000
DOVER CORP. COM 260003108 19992 425924 SHR SOLE 2 425924
DOW CHEMICAL CO COM 260543103 32 1300 SHR SOLE 2 1300
DOW JONES & CO INC COM 260561105 103 1697 SHR SOLE 2 1697
EI DUPONT DE NEMOURS & CO COM 263534109 9532 230025 SHR SOLE 1,2 230025
DUKE ENERGY CORPORATION COM 264399106 67592 788243 SHR SOLE 1,2 788243
DUKE REALTY INVESTMENTS INC COM 264411505 21 850 SHR SOLE 2 850
DUN & BRADSTREET CORP. COM 26483E100 155 4489 SHR SOLE 1 4,489
DYNERGY INC COM 26816Q101 91 1600 SHR SOLE 2 1600
EGL INC. COM 268484102 2162 71473 SHR SOLE 2 71473
EMC CORPORATION COM 268648102 14557 146859 SHR SOLE 1,2 146859
ENI SPA ADR 26874R108 26 500 SHR SOLE 2 500
EOG RESOURCES, INC. COM 26875P101 23217 597223 SHR SOLE 1,2 597223
EASTGROUP PROPERTIES COM 277276101 15 675 SHR SOLE 2 675
EASTMAN CHEM CO COM 277432100 45 1220 SHR SOLE 2 1220
EASTMAN KODAK CO. COM 277461109 21 525 SHR SOLE 1 525
EATON CORP COM 278058102 62 1000 SHR SOLE 2 1000
EBAY INC COM 278642103 2018 29400 SHR SOLE 2 29400
ECOLAB INC COM 278865100 29 800 SHR SOLE 2 800
EDWARDS LIFESCIENCES CP COM 28176E108 1948 89318 SHR SOLE 1,2 89318
EISAI CO LTD - SPON ADR COM 282579309 33 1038 SHR SOLE 2 1038
EL PASO ENERGY CORPORATION COM 283905107 155 2510 SHR SOLE 1,2 2510
ELAN CORP. PLC ADR 284131208 22907 418400 SHR SOLE 2 418,400
ELECTRONIC DATA SYSTEMS CORP COM 285661104 14188 341875 SHR SOLE 1,2 341875
EMERSON ELECTRIC COM 291011104 915 13650 SHR SOLE 1 13650
ENDESA ADR 29258N107 1974 105294 SHR SOLE 2 105294
ENGLEHARD CORP. COM 292845104 14740 907100 SHR SOLE 2 907100
ENHANCE FINANCIAL SVCS. G COM 293310108 975 75000 SHR SOLE 2 75000
ENRON CORP. COM 293561106 50182 572687 SHR SOLE 1,2 572687
ENTERGY CORPORATION COM 29364G103 33 885 SHR SOLE 1,2 885
EQUIFAX COM 294429105 59 2172 SHR SOLE 2 2172
EQUITY OFFICE PROP TR COM 294741103 18 579 SHR SOLE 2 579
EQUITY RESIDENTIAL PROPS TR COM 29476L107 5 110 SHR SOLE 2 110
ERICSSON ADR 294821400 699 47200 SHR SOLE 2 47200
ETHAN ALLEN INTERIORS, IN COM 297602104 2214 78200 SHR SOLE 2 78200
EXODUS COMMUNICATIONS INC. COM 302088109 884 17900 SHR SOLE 1,2 17900
EXPEDITORS INT'L WASH. COM 302130109 1374 30500 SHR SOLE 2 30500
EXTREME NETWORKS INC. COM 30226D106 12572 109800 SHR SOLE 2 109800
EXXON MOBIL CORP. COM 30231G102 92932 1042711 SHR SOLE 1,2 1042711
FMC CORP COM 302491303 66 990 SHR SOLE 2 990
FPL GROUP INC. COM 302571104 1656 25193 SHR SOLE 1,2 25193
FREDDIE MAC COM 313400301 90 1660 SHR SOLE 1,2 1660
FEDERAL NATL MTGE ASSN COM 313586109 3255 45518 SHR SOLE 1,2 45518
FEDERAL REALTY INVS TR COM 313747206 3 145 SHR SOLE 2 145
FIFTH THIRD BANCORP COM 316773100 381 7063 SHR SOLE 1 7063
FILENET CORP. COM 316869106 1400 77000 SHR SOLE 2 77000
FIRST DATA CORP COM 319963104 137 3500 SHR SOLE 1,2 3500
FIRST INDUSTRIAL REALTY TR COM 32054K103 2 78 SHR SOLE 2 78
FIRST NAT'L COMMUNITY BANCORP COM 32110M101 36 1210 SHR SOLE 1 1210
FIRST UNION CORP. COM 337358105 39 1200 SHR SOLE 1 1200
FIX-CORP INTL INC COM 33831C109 0 2500 SHR SOLE 2 2500
FLEET BOSTON FINANCIAL CORP. COM 339030108 41 1057 SHR SOLE 1 1057
FLORIDA PROGRESS CORP. COM 341109106 79 1500 SHR SOLE 1 1500
FORD MOTOR COMPANY COM 345370860 40924 1616768 SHR SOLE 1,2 1616768
FOREST LABS COM 345838106 6159 53700 SHR SOLE 2 53700
FREEPORT MCMORAN COPPER COM 35671D857 21 2418 SHR SOLE 2 2418
FUJI PHOTO FILM ADR 359586302 44 1302 SHR SOLE 2 1302
GAINSCO INC. COM 363127101 0 100 SHR SOLE 1 100
GALLAHER GROUP PLC ADR 363595109 7 300 SHR SOLE 2 300
GANNETT CO. COM 364730101 56 1060 SHR SOLE 1 1060
GAP STORES COM 364760108 272 13527 SHR SOLE 1,2 13527
GARDNER DENVER, INC. COM 365558105 1235 76000 SHR SOLE 2 76000
GEMSTAR - TV GUIDE INTL INC COM 36866W106 5 57 SHR SOLE 2 57
GENETECH INC COM 368710406 542 2920 SHR SOLE 2 2920
GENERAL DYNAMICS CORP COM 369550108 432 6870 SHR SOLE 2 6870
GENERAL ELECTRIC COMPANY COM 369604103 67586 1171587 SHR SOLE 1,2 1146087 25500
GENERAL GROWTH PPTYS INC COM 370021107 5 145 SHR SOLE 2 145
GENERAL MILLS INC. COM 370334104 324 9116 SHR SOLE 1,2 9116
GENERAL MOTORS CORP. COM 370442105 219 3362 SHR SOLE 1,2 3362
GENERAL MOTORS CL H COM 370442832 8 225 SHR SOLE 1 225
GENZYME CORP.-GEN DIV COM 372917104 19808 290500 SHR SOLE 2 290500
GIGA-TRONICS INC COM 375175106 7 1000 SHR SOLE 2 1000
GILLETTE COMPANY COM 375766102 2027 65643 SHR SOLE 1,2 65643
GLAXO WELLCOME PLC ADR 37733W105 2188 36200 SHR SOLE 1,2 36,200
GLOBAL CROSSING PFD 37932J301 775 4000 SHR SOLE 2 4000
GLOBAL MARINE INC. COM 379352404 14638 474100 SHR SOLE 2 474100
GLOBECOMM SYSTEMS INC COM 37956X103 39 3000 SHR SOLE 2 3000
GOLDEN WEST FINANCIAL CORP COM 381317106 5 95 SHR SOLE 2 95
GOODYEAR TIRE & RUBR CO COM 382550101 3 140 SHR SOLE 2 140
GRANITE STATE BANKSHARES COM 387472103 71 3750 SHR SOLE 1 3750
GREAT AMERICAN RECREATION COM 390005205 0 3000 SHR SOLE 2 3000
GREAT AMERICAN RECREATION PFD 390005403 0 1000 SHR SOLE 2 1000
GREAT LAKES CHEM CORP COM 390568103 2 70 SHR SOLE 2 70
GREAT LAKES REIT INC COM 390752103 19 1117 SHR SOLE 2 1117
GREAT WESTERN FINL 8.25%
CALL 12/31/00 PRF 39141F203 22 900 SHR SOLE 1 900
GLOBALSTAR TELECOMMUNICATIONS COM 3930H1043 9 1000 SHR SOLE 1 1000
GRUPO TELEVISA ADR 40049J206 1327 23000 SHR SOLE 2 23000
GUIDANT CORP COM 401698105 738 10436 SHR SOLE 2 10436
THE HEALTHCARE COMPANY COM 404119109 15835 426532 SHR SOLE 1,2 426532
HCC INSURANCE HOLDINGS COM 404132102 4570 225000 SHR SOLE 2 225000
HSBC HOLDINGS PLC ADR 404280406 89 1248 SHR SOLE 1,2 1248
HSB GROUP INC. COM 40428N109 7311 182200 SHR SOLE 2 182200
HALLIBURTON COMPANY COM 406216101 36375 743300 SHR SOLE 1,2 743300
HANSON PLC ADR 411352305 2 87 SHR SOLE 1 87
HARLEY DAVIDSON INC COM 412822108 233 4860 SHR SOLE 2 4860
HARMAN INTL INDS INC COM 413086109 9110 233000 SHR SOLE 2 233000
HARTFORD FIN SVCS INC COM COM 416515104 145 1990 SHR SOLE 2 1990
HEALTHCARE SVCS GCES GROUP COM 421906108 760 154000 SHR SOLE 2 154000
HEINZ, H. J. COM 423074103 311 8399 SHR SOLE 1,2 8399
HELMERICH & PAYNE,INC. COM 423452101 1662 46000 SHR SOLE 2 46000
HEWLETT-PACKARD, INC. COM 428236103 22769 234734 SHR SOLE 1,2 234734
HITACHI LTD ADR 433578507 55 478 SHR SOLE 1,2 478
HOME DEPOT INC COM 437076102 7106 133920 SHR SOLE 1,2 133920
HOME PROPERTIES OF NY INC COM 437306103 14 475 SHR SOLE 2 475
HONDA MOTOR CO LTD ADR 438128308 31 430 SHR SOLE 2 430
HONEYWELL INTL INC COM 438516106 5467 153454 SHR SOLE 1,2 153454
HOTEL RESERVATIONS NTWK COM 441451101 1135 31000 SHR SOLE 2 31000
HOUSEHOLD INTL INC COM 441815107 21 365 SHR SOLE 2 365
HUMAN GENOME SCIENCES INC COM 444903108 12596 72756 SHR SOLE 2 72756
IBP INC COM 449223106 3 145 SHR SOLE 2 145
IDG BOOKS WORLDWIDE, INC. COM 449384106 712 77000 SHR SOLE 2 77000
I-LINK INC. COM 449927102 3 1000 SHR SOLE 1 1000
IMS HEALTH INC. COM 449934108 178 8566 SHR SOLE 1,2 8566
IRT PROPERTY CO COM 450058102 4 440 SHR SOLE 2 440
IDACORP INC COM 451107106 102 2200 SHR SOLE 2 2200
ILLINOIS TOOL WORKS COM 452308109 95 1700 SHR SOLE 1,2 1700
ILLUMINA INC. COM 452327109 145 3200 SHR SOLE 2 3200
IMATION CORP COM 45245A107 1 40 SHR SOLE 2 40
IMPERIAL TOBACCO GROUP ADR 453142101 3 175 SHR SOLE 1 175
INCYTE PHARMACEUTICALS INC COM 45337C102 3723 90532 SHR SOLE 2 90532
ING GROEP NV ADR 456837103 64 973 SHR SOLE 2 973
INKTOMI CORP COM 457277101 5725 50221 SHR SOLE 2 50221
INTEGRAL SYSTEMS INC/MD COM 45810H107 208 12500 SHR SOLE 2 12500
INTEL CORPORATION COM 458140100 23830 573300 SHR SOLE 1,2 573300
INTERNAP NETWORK SERVICES CORPCOM 45885A102 6 200 SHR SOLE 1 200
INTERNATIONAL BUSINESS
MACHINES CORP. COM 459200101 53425 474889 SHR SOLE 1,2 474889
INTL PAPER CO COM 460146103 12509 436044 SHR SOLE 1,2 436044
INTERPUBLIC GROUP COS. COM 460690100 164 4828 SHR SOLE 2 4828
INVACARE CORP. COM 461203101 1992 62000 SHR SOLE 2 62000
INVENSYS PLC ADR 461204109 1 305 SHR SOLE 2 305
INVITROGEN CORP COM 46185R100 1138 16000 SHR SOLE 2 16000
ITO-YOKADO CO LTD ADR 465714301 36 684 SHR SOLE 2 684
I2 TECHNOLOGIES INC COM 465754109 1537 8215 SHR SOLE 2 8215
JDS UNIPHASE CORP. COM 46612J101 8490 89667 SHR SOLE 2 89667
JACK IN THE BOX INC. COM 466367109 3301 154000 SHR SOLE 2 154000
JEFFERSON-PILOT CORP. COM 475070108 15384 226650 SHR SOLE 1,2 226650
JOHNSON & JOHNSON COM 478160104 35871 381862 SHR SOLE 1,2 381862
JOHNSON CTLS INC COM 478366107 41 780 SHR SOLE 2 780
JUNIPER NETWORKS, INC. COM 48203R104 14318 65397 SHR SOLE 2 65397
KLA TENCOR CORP. COM 482480100 1475 35800 SHR SOLE 2 35800
K-TROM INTL INC COM 482730108 25 1500 SHR SOLE 2 1500
K2 INC. COM 482732104 0 30 SHR SOLE 1 30
KAYDON CORPORATION COM 486587108 5 200 SHR SOLE 1 200
KELLOGG CO. COM 487836108 179 7412 SHR SOLE 1,2 7412
KELLWOOD CO. COM 488044108 7 400 SHR SOLE 1 400
KEYCORP COM 493267108 306 12100 SHR SOLE 1 12100
KEYSPAN CORPORATION COM 49337W100 461 11490 SHR SOLE 2 11490
KIMBERLY-CLARKE CORP. COM 494368103 50173 898954 SHR SOLE 1,2 898954
KINDER MORGAN ENERGY PARTNERS COM 494550106 149 3150 SHR SOLE 1 3150
KOHLS CORP COM 500255104 539 9336 SHR SOLE 2 9336
PHILIPS ELECTRONICS NV ADR 500472303 21120 496941 SHR SOLE 2 496941
KOREA ELEC POWER CORP ADR 500631106 20 1499 SHR SOLE 2 1499
KOREA TELECOM CORP ADR 50063P103 1189 35367 SHR SOLE 2 35367
KROGER CO. COM 501044101 30617 1357007 SHR SOLE 2 1357007
KRONOS INC. COM 501052104 3450 115000 SHR SOLE 2 115000
KYOCERA CORP - SPONS ADR ADR 501556203 55 368 SHR SOLE 2 368
LSI LOGIC CORP. COM 502161102 161 5500 SHR SOLE 1,2 5500
LAKEHEAD PIPE LINE
PARTNERS, L.P. COM 511557100 70 1675 SHR SOLE 1 1675
LEHMAN BROS HLDGS INC COM 524908100 312 2110 SHR SOLE 2 2110
LEVEL 3 COMMUNICATIONS INC COM 52729N100 3 42 SHR SOLE 2 42
LEXMARK INTL GROUP INC CL A COM 529771107 78 2084 SHR SOLE 2 2084
LIBERTY PROPERTY TRUST COM 531172104 3222 117170 SHR SOLE 1,2 117170
LILLY, ELI COM 532457108 9699 119560 SHR SOLE 1,2 119560
LIMITED INC COM 532716107 90 4100 SHR SOLE 2 4100
LINCOLN NATIONAL CORP. COM 534187109 29 600 SHR SOLE 1 600
LINEAR TECHNOLOGY INC COM 535678106 6555 101229 SHR SOLE 2 101229
LOCKHEED MARTIN CORP COM 539830109 5 150 SHR SOLE 2 150
LOEWS CORP COM 540424108 3 35 SHR SOLE 2 35
LOWES COMPANIES COM 548661107 82 1820 SHR SOLE 1,2 1820
LUBRIZOL CORP COM 549271104 2 100 SHR SOLE 2 100
LUCENT TECHNOLOGIES, INC. COM 549463107 5198 170092 SHR SOLE 1,2 170092
MRS TECHNOLOGY COM 553476102 0 1000 SHR SOLE 1 1000
MACK-CALI REALTY CORP COM 554489104 29 1035 SHR SOLE 2 1035
MANOR CARE INC COM 564055101 4 237 SHR SOLE 2 237
MANUFACTURED HOME
COMMUNITIES, INC. COM 564682102 38 1500 SHR SOLE 1 1500
MAPINFO CORP COM 565105103 133 4250 SHR SOLE 2 4250
MARKS & SPENCER PLC ADR 570697607 33 1842 SHR SOLE 2 1842
MARSH & MCLENNAN COS INC COM 571748102 4817 36285 SHR SOLE 2 36285
MARRIOTT INTL INC COM 571903202 18002 494040 SHR SOLE 2 494040
MARTIN MARIETTA MATERIALS COM 573284106 6328 165300 SHR SOLE 2 165300
MASCO CORP COM 574599106 4 205 SHR SOLE 2 205
MATSUSHITA ELEC IND LTD ADR 576879209 3 10 SHR SOLE 2 10
MAXIM INTEGRATED PRODUCT COM 57772K101 425 5280 SHR SOLE 2 5280
MAYTAG CORP COM 578592107 43 1400 SHR SOLE 2 1400
MCCORMICK & COMPANY COM 579780206 19451 653800 SHR SOLE 2 653800
MCDATA CORPORATION COM 580031102 22 180 SHR SOLE 2 180
MCDONALD'S CORP. COM 580135101 43 1440 SHR SOLE 1,2 1440
MCGRAW-HILL INC COM 580645109 54093 851015 SHR SOLE 1,2 851015
MCKESSON HBOC INC COM 58155Q103 3 110 SHR SOLE 2 110
MCLEODUSA INC COM 582266102 129 9000 SHR SOLE 2 9000
MEDIA LOGIC COM 58441B100 0 10000 SHR SOLE 1 10000
MEDICIS PHARMACEUTICAL-CL COM 584690309 4367 71000 SHR SOLE 2 71000
MEDIMMUNE INC COM 584699102 323 4180 SHR SOLE 2 4180
MEDTRONIC INC. COM 585055106 1735 33488 SHR SOLE 2 33488
MENTOR CORP. COM 587188103 977 62000 SHR SOLE 2 62000
MERCK & CO. COM 589331107 5864 78783 SHR SOLE 1,2 78783
MERCURY INTERACTIVE CORP COM 589405109 326 2080 SHR SOLE 2 2080
MEREDITH CORP. COM 589433101 1800 61000 SHR SOLE 2 61000
MERRILL LYNCH & CO COM 590188108 9 142 SHR SOLE 2 142
MICREL, INC. COM 594793101 8388 125200 SHR SOLE 2 125200
MICROSOFT CORP. COM 594918104 7222 119850 SHR SOLE 1,2 119850
MICROCHIP TECHNOLOGY INC. COM 595017104 25 750 SHR SOLE 1 750
MICRON TECHNOLOGY INC COM 595112103 3082 67000 SHR SOLE 2 67000
MICROTUNE INC. COM 59514P109 1103 20600 SHR SOLE 2 20600
MILESTONE EXPLORATION LTD. COM 599352101 0 1470 SHR SOLE 1 1470
MILLENNIUM PHRMACEUTICAL COM 599902103 11103 76016 SHR SOLE 2 76016 50
MILLENNIUM CHEMICALS COM 599903101 1 50 SHR SOLE 1
MILLIPORE CORP COM 601073109 34 697 SHR SOLE 2 697
MINNESOTA MINING AND MFG. COM 604059105 6785 74460 SHR SOLE 1,2 74460
MINNTECH CORP COM 604258103 908 132000 SHR SOLE 2 132000
MOBILE CLIMATE CONTROL INDUSTRCOM 606921310 1 1000 SHR SOLE 1 1000
MOLEX INC COM 608554101 72 1330 SHR SOLE 2 1330
ROBERT MONDAVI, A COM 609200100 1921 47000 SHR SOLE 2 47000
JP MORGAN & CO COM 616880100 1516 9277 SHR SOLE 1,2 9277
MORGAN STANLEY DEAN WITTER COM 617446448 366 4000 SHR SOLE 2 4000
MOTOROLA,INC. COM 620076109 34230 1211667 SHR SOLE 1,2 1211667
MYRIAD GENETICS, INC. COM 62855J104 15541 180701 SHR SOLE 2 180701
NCR CORPORATION COM 62886E108 88 2320 SHR SOLE 1,2 2320
NCS HEALTHCARE COM 628874109 1 3292 SHR SOLE 1 3292
NABORS INDUSTRIES INC COM 629568106 409 7800 SHR SOLE 1,2 7800
NATL AUSTRALIA BK LTD ADR 632525408 43 623 SHR SOLE 2 623
NATIONAL CITY CORP COM 635405103 3 140 SHR SOLE 2 140
NATIONAL DATA CORP. COM 635621105 2559 78000 SHR SOLE 2 78000
NATL SEMICOND CORP COM 637640103 42 1034 SHR SOLE 2 1034
NETWORKS ASSOCIATES INC COM 640938106 1686 74500 SHR SOLE 2 74500
NESTLE SA ADR 641069406 92 887 SHR SOLE 1,2 887
NETWORK APPLIANCE INC. COM 64120L104 825 6474 SHR SOLE 1,2 6474
NEW JERSEY RESOURCES CORP. COM 646025106 4 100 SHR SOLE 1 100
NEWS CORP LTD ADR 652487703 37 656 SHR SOLE 2 656
NEXTEL COMMUNICATION COM 65332V103 729 15600 SHR SOLE 2 15600
NEXTLINK COMMUNICATIONS-A COM 65333H707 4206 119521 SHR SOLE 2 119521
NINTENDO OF AMERICA INC ADR 654445303 36 1571 SHR SOLE 2 1571
IPPON TELEC & TEL CORP COM 654624105 53 1082 SHR SOLE 2 1082
NISOURCE INC. COM 65473P105 187 7690 SHR SOLE 1,2 7690
NOKIA CORP. ADR 654902204 783 19666 SHR SOLE 1,2 19666
NORFOLK-SOUTHERN COM 655844108 85 5819 SHR SOLE 1,2 5819
NORTEL NETWORKS CORP. COM 656568102 16780 281721 SHR SOLE 1,2 281721
NORTH EUROPEAN OIL RTY TR COM 659310106 9 500 SHR SOLE 2 500
NORTHROP GRUMMAN CORP COM 666807102 41 447 SHR SOLE 2 447
NOVARTIS AG ADR 66987V109 34 875 SHR SOLE 2 875
NOVELLUS SYSTEMS INC COM 670008101 5091 109335 SHR SOLE 2 109335
NOVO-NORDISK A/S ADR 670100205 25 225 SHR SOLE 2 225
OCEAN ENERGY INC. COM 67481E106 17806 1153394 SHR SOLE 2 1153394
OCEANEERING INTL INC COM 675232102 2028 122000 SHR SOLE 2 122000
OMNICARE INC. COM 681904108 1871 116000 SHR SOLE 2 116000
OMNICOM GROUP INC COM 681919106 18679 256096 SHR SOLE 2 256096
ORACLE SYSTEMS CORP COM 68389X105 12613 160169 SHR SOLE 1,2 160169
ORTHODONTIC CENTERS OF AMERICACOM 68750P103 6829 205000 SHR SOLE 2 205000
OWENS CORNING COM 69073F103 2 806 SHR SOLE 2 806
PG&E CORP COM 69331C108 2 90 SHR SOLE 2 90
PE CORP COM 69332S102 386 3312 SHR SOLE 2 3312
CELERA GENOMICS COM 69332S201 10 100 SHR SOLE 1 100
PLX TECHNOLOGY, INC. COM 693417107 409 15200 SHR SOLE 2 15200
PMC-SIERRA INC COM 69344F106 1275 5925 SHR SOLE 2 5925
PNC FINANCIAL SERVICES GROUP COM 693475105 151 2330 SHR SOLE 1,2 2330
PP & L RESOURCES COM 693499105 559 13399 SHR SOLE 1 13399
PPL CORP COM 69351T106 33 800 SHR SOLE 2 800
PG&E CORPORATION COM 694308107 12 480 SHR SOLE 1 480
PACTIV CORP COM 695257105 6 520 SHR SOLE 2 520
PALM INC. COM 696642107 471 8901 SHR SOLE 2 8901
PARKER-HANNIFIN CORP. COM 701094104 12176 360766 SHR SOLE 2 360766
PAYCHEX INC. COM 704326107 311 5922 SHR SOLE 2 5922
PEOPLE'S BANK, BRIDGEPORT,CT COM 710198102 56 2650 SHR SOLE 1 2650
PEPSICO, INC. COM 713448108 71279 1549544 SHR SOLE 1,2 1549544
PERKLINELMER INC COM 714046109 243 2330 SHR SOLE 2 2330
PETROLEO BRASILEIRO ADR 71654V101 2 70 SHR SOLE 2 70
PETROLEO BRASILEIRO ADR 71654V408 1500 49900 SHR SOLE 2 49900
PFIZER, INC. COM 717081103 9132 203218 SHR SOLE 1,2 203218
PHARMACIA CORPORATION COM 71713U102 36503 606481 SHR SOLE 1,2 606481
PHILADELPHIA SUBURBAN CORP. COM 718009608 19 800 SHR SOLE 1 800
PHILIP MORRIS COS COM 718154107 13675 464555 SHR SOLE 1,2 464555
PHILIP SERVICES CORP/DE COM 718193105 0 30 SHR SOLE 2 30
PHILLIPS PETROLEUM CO COM 718507106 97 1550 SHR SOLE 2 1550
PHONE.COM INC COM 71920Q100 1716 15100 SHR SOLE 2 15100
PLEXUS CORPORATION COM 729132100 11291 160163 SHR SOLE 2 160163
PLUG POWER INC COM 72919P103 11 300 SHR SOLE 2 300
PORTUGAL TELECOM SA ADR 737273102 2026 200082 SHR SOLE 2 200082
POST PROPERTIES INC COM 737464107 6 145 SHR SOLE 2 145
POTOMAC ELEC. POWER COM 737679100 22 886 SHR SOLE 1 886
POWERGEN PLC ADR 738905405 24 775 SHR SOLE 2 775
PRAXAIR, INC. COM 74005P104 7703 206090 SHR SOLE 2 206090
PROCTER & GAMBLE COM 742718109 2350 35080 SHR SOLE 1,2 35080
PROGRESSIVE CORP OHIO COM 743315103 10 125 SHR SOLE 1,2 125
PROLIGIS TRUST COM 743410102 23 975 SHR SOLE 2 975
PROVIDIAN FINL CORP COM 74406A102 371 2918 SHR SOLE 2 2918
PSINET COM 74437C101 193 20000 SHR SOLE 2 20000
PUB SVC ENTERPR GROUP INC COM 744573106 3 73 SHR SOLE 2 73
QLT, INC COM 746927102 234 3300 SHR SOLE 2 3300
QUAKER OATS COM 747402105 166 2094 SHR SOLE 2 2094
QUALCOMM INC COM 747525103 861 12088 SHR SOLE 2 12088
QWEST COMMUNICATIONS INTL COM 749121109 1753 36466 SHR SOLE 1,2 36466
RADIOSHACK CORP COM 750438103 194 3003 SHR SOLE 2 3003
RAILAMERICA INC COM 750753105 359 45999 SHR SOLE 2 45999
RALSTON-RALSTON PURINA GROUP COM 751277302 759 32055 SHR SOLE 2 32055
RAYTHEON CO - CLASS A COM 755111309 3 98 SHR SOLE 2 98
RAYTHEON CO - CLASS B COM 755111408 6 225 SHR SOLE 2 225
REGENERON PHARMACEUTICAL COM 75886F107 1533 47000 SHR SOLE 2 47000
REPSOL YPF S A ADR 76026T205 2595 141689 SHR SOLE 2 141,689
RESEARCH IN MOTION LTD. COM 760975102 12673 128575 SHR SOLE 1,2 128575
RESONATE INC. COM 76115Q104 20 500 SHR SOLE 2 500
REUTERS GROUP PLC ADR 761324201 157 1400 SHR SOLE 1 1400
RIO TINTO COM 767202104 31 573 SHR SOLE 2 573
ROBBINS AND MYERS INC. COM 770196103 1441 61000 SHR SOLE 2 61000
ROWAN COS INC COM 779382100 58 1990 SHR SOLE 2 1990
ROYAL DUTCH PETROLEUM CO. ADR 780257804 29471 491692 SHR SOLE 1,2 491,692
RUBY TUESDAY, INC. COM 781182100 1733 154000 SHR SOLE 2 154000
RURAL CELLULAR CORP PFD 781904305 1160 12850 SHR SOLE 2 12486
SBC COMMUNICATIONSINC. COM 78387G103 17314 346282 SHR SOLE 1,2 346282
SDL, INC. COM 784076101 986 3200 SHR SOLE 1,2 3200
SAFECO CORP COM 786429100 3 115 SHR SOLE 2 115
SAFEWAY INC COM 786514208 1242 26600 SHR SOLE 2 26600
ST JUDE MED INC COM 790849103 6 110 SHR SOLE 2 110
ST PAUL COS INC COM 792860108 131 2660 SHR SOLE 2 2660
SMITH BARNEY COM 79549B842 44 1650 SHR SOLE 1 1650
SAN PAOLO-IMI ADR 799175104 1809 55568 SHR SOLE 2 55568
SANMINA CORP COM 800907107 6 60 SHR SOLE 2 60
SAP AG ADR 803054204 2356 38312 SHR SOLE 2 38,312
SAPIENT CORPORATION COM 803062108 102 2500 SHR SOLE 2 2500
SARA LEE CORP. COM 803111103 20308 999778 SHR SOLE 1,2 999778
SCHERING-PLOUGH COM 806605101 2759 59323 SHR SOLE 1,2 59323
SCHLUMBERGER LTD. COM 806857108 31874 387237 SHR SOLE 1,2 387237
SCHWAB CHARLES CORP COM 808513105 1514 42660 SHR SOLE 1,2 42660
SCIENTIFIC-ATLANTIC COM 808655104 4290 67428 SHR SOLE 2 67428
SCOTTISH POWER PLC ADR 81013T705 21 706 SHR SOLE 2 706
SEAGATE TECHNOLOGY INC. COM 811104103 14 200 SHR SOLE 1 200
SEALED AIR CORP COM 81211K100 95 2106 SHR SOLE 2 2106
SEPRACOR, INC COM 817315104 393 3200 SHR SOLE 2 3200
SHAW INDUSTRIES INC COM 820286102 4 200 SHR SOLE 2 200
SHELL TRANSPORT & TRADING ADR 822703609 3480 71118 SHR SOLE 2 71118
SHERWIN WILLIAMS CO COM 824348106 2 105 SHR SOLE 2 105
SHOPKO STORES INC. COM 824911101 477 46000 SHR SOLE 2 46000
SIEBEL SYSTEMS, INC. COM 826170102 11860 106544 SHR SOLE 2 106544
SIGNALSOFT CORP. COM 82668M102 835 20550 SHR SOLE 2 20550
SILICON STORAGE TECHNOLOGY COM 827057100 6143 225947 SHR SOLE 2 225947
SIMON PROPERTY GROUP INC COM 828806109 18 780 SHR SOLE 2 780
SMART & FINAL, INC. COM 831683107 1074 152000 SHR SOLE 2 152000
SMITH INTL INC. COM 832110100 1378 16900 SHR SOLE 2 16900
SMITHKLINE BEECHAM ADR 832378301 2204 32122 SHR SOLE 2 32122
SOCIETE GENERALE ADR 83364L109 50 4494 SHR SOLE 2 4494
SOLECTRON CORP. COM 834182107 7890 171060 SHR SOLE 2 171060
SONY CORP. ADR 835699307 130 1283 SHR SOLE 1,2 1,283
SONUS NETWORKS INC. COM 835916107 5801 45900 SHR SOLE 2 45900
SOUTHERN CO COM 842587107 4 125 SHR SOLE 2 125
SOUTHWEST AIRLS CO COM 844741108 59 2420 SHR SOLE 2 2420
SPEECHWORKS INTERNATIONAL COM 84764M101 378 6100 SHR SOLE 2 6100
SPIEKER PROPERTIES INC COM 848497103 21 365 SHR SOLE 2 365
SPRINT CORP (FON GROUP) COM 852061100 114 3900 SHR SOLE 2 3900
SPRINT CORP (PCS GROUP) COM 852061506 516 14710 SHR SOLE 2 14710
STAAR SURGICAL CO. COM 852312305 2138 123500 SHR SOLE 1,2 123500
STAMFORD INTERNATIONAL INC. COM 852902105 5 825 SHR SOLE 1 825
STANDARD MICROSYSTEMS COM 853626105 6 275 SHR SOLE 1 275
STAPLES INC. COM 855030102 17 1200 SHR SOLE 1 1200
STARBUCKS CORP. COM 855244109 1623 40500 SHR SOLE 2 40500
STATE STREET CORPORATION COM 857477103 288 2215 SHR SOLE 1,2 2215
STERLING BANCORP COM 859158107 8 400 SHR SOLE 1 400
STILWELL FINANCIAL COM 860831106 485 11150 SHR SOLE 2 11150
STORAGE NETWORKS COM 86211E103 1645 16100 SHR SOLE 2 16100
SUMMIT BANCORP COM 866005101 147 4250 SHR SOLE 1 4250
SUN MICROSYSTEMS INC COM 866810104 13803 118228 SHR SOLE 1,2 118228
SYNAVANT INC. COM 87157A105 1 196 SHR SOLE 1,2 196
SYSCO CORP. COM 871829107 719 15520 SHR SOLE 1,2 15520
TCI INTL INC COM 872293105 18 2000 SHR SOLE 2 2000
TALISMAN ENERGY INC. COM 87425E103 7 200 SHR SOLE 1 200
TARGET CORPORATION COM 87612E106 379 14807 SHR SOLE 1,2 14807
TEKELEC COM 879101103 4870 148144 SHR SOLE 2 148144
TEKTRONIX INC COM 879131100 144 1880 SHR SOLE 2 1880
TELECOM ITALIA SPA ADR 87927W106 1611 15345 SHR SOLE 2 15345
TELEBRAS ADR 879287308 2 30 SHR SOLE 2 30
TELECOMMUNICATONS SYS IN COM 87929J103 363 19000 SHR SOLE 2 19000
TELEFONICA SA ADR 879382208 173 2913 SHR SOLE 1,2 2913
ELEFONOS DE MEXICO ADR 879403780 1913 35966 SHR SOLE 2 35966
TELLABS, INC. COM 879664100 8306 173946 SHR SOLE 2 173946
TENET HLTHCRE CORP COM 88033G100 12106 332800 SHR SOLE 2 332800
TERADYNE INC COM 880770102 284 8100 SHR SOLE 2 8100
TETRA TECHNOLOGIES, INC. COM 88162F105 3460 227800 SHR SOLE 1,2 227800
TEXACO INC. COM 881694103 1687 32133 SHR SOLE 1 32133
TEXAS INSTRUMENTS, INC. COM 882508104 11788 249819 SHR SOLE 1,2 249819
THERMO ELECTRON CORP COM 883556102 20 750 SHR SOLE 2 750
THOMAS & BETTS CORP COM 884315102 28 1600 SHR SOLE 2 1600
TICKETMASTER ONLINE-CITY COM 88633P203 637 37600 SHR SOLE 2 37600
TIDEWATER INC. COM 886423102 8 175 SHR SOLE 1,2 175
TIFFANY & CO COM 886547108 67 1740 SHR SOLE 2 1740
TIME WARNER INC COM 887315109 1642 20982 SHR SOLE 2 20982
TOKYO MARINE & FIRE ADR 889090403 3 50 SHR SOLE 2 50
TOOTSIE ROLL INDUSTRIES, COM 890516107 1829 46600 SHR SOLE 1,2 46600
TORCHMARK CORPORATION COM 891027104 25 910 SHR SOLE 1 910
TOTAL FINA SA ADR 89151E109 3220 43852 SHR SOLE 2 43852
TOYOTA MOTOR CORP ADR 892331307 28 359 SHR SOLE 2 359
TOYS R US COM 892335100 2 150 SHR SOLE 2 150
TRANSATLANTIC HOLDING INC COM 893521104 3 30 SHR SOLE 2 30
TRANSMATION INC COM 893757104 47 17000 SHR SOLE 2 17000
TRANSPORTATION EQUITIES NV ADR 893881102 0 116 SHR SOLE 2 116
TRICON GLOBAL RESTAURANTS COM 895953107 79 2593 SHR SOLE 1,2 2593
TRUE NORTH COMMUNICATIONS COM 897844106 1989 55641 SHR SOLE 2 55641
TUPPERWARE CORP COM 899896104 15 839 SHR SOLE 2 839
TYCO INTL LTD NEW COM 902124106 13676 263640 SHR SOLE 1,2 263640
UST INC. COM 902911106 61 2654 SHR SOLE 2 2654
USA EDUCATION INC COM 90390U102 689 14303 SHR SOLE 2 14303
UNIFIRST CORP. COM 904708104 1900 190000 SHR SOLE 2 190000
UNILEVER PLC ADR 904767704 5 185 SHR SOLE 2 185
UNILEVER N V ADR 904784709 3910 81045 SHR SOLE 2 81045
UNICOM CORP COM 904911104 127 2252 SHR SOLE 2 2252
UNION CARBIDE CORP COM 905581104 51 1350 SHR SOLE 2 1350
UNION PACIFIC CORP. COM 907818108 13890 357292 SHR SOLE 1,2 357292
UNISYS CORP COM 909214108 14 1200 SHR SOLE 2 1200
UNITED PARCEL SERVICE,
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US AIRWAYS GROUP INC COM 911905107 30 992 SHR SOLE 2 992
UNITED TECHNOLOGIES CORP COM 913017109 143 2060 SHR SOLE 2 2060
UNITEDHEALTH GROUP INC COM 91324P102 342 3460 SHR SOLE 2 3460
UNIVERSAL FOODS CORP. COM 913538104 3158 155000 SHR SOLE 2 155000
UNOCAL CORPORATION COM 915289102 11 300 SHR SOLE 1 300
UNUMPROVIDENT CORPORATION COM 91529Y106 5 200 SHR SOLE 1 200
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