UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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
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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 August 9, 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: 628
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Form 13F Information Table Value Total: $ 2,924,156
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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 1776 148000 SHR SOLE 2 148000
ADC TELECOMUNICATIONS COM 000886101 694 8280 SHR SOLE 2 8280
ABN AMRO HOLDING NV ADR 000937102 39 1578 SHR SOLE 2 1578
ABM INDUSTRIES INC. COM 000957100 1035 45000 SHR SOLE 2 45000
AES CORP COM 00130H105 117 2570 SHR SOLE 2 2570
AMR CORP COM 001765106 33 1250 SHR SOLE 2 1250
AT&T CORP. COM 001957109 21179 669681 SHR SOLE 1,2 669681
AT&T CORP LIBERTY MEDIA COM 001957208 315 13000 SHR SOLE 2 13000
ACE LIMITED COM 002008853 3 100 SHR SOLE 1 100
ABBOTT LABORATORIES COM 002824100 13049 292835 SHR SOLE 1,2 292835
ACTEL CORP. COM 004934105 2053 45000 SHR SOLE 2 45000
ACXIOM CORP. COM 005125109 3243 119000 SHR SOLE 2 119000
ADELPHIA COMMUNCIATIONS PFD 006848303 655 6500 SHR SOLE 2 6500
ADMINISTAFF INC COM 007094105 10535 165900 SHR SOLE 2 165900
ADOBE SYSTEMS INC. COM 00724F101 333 2564 SHR SOLE 1,2 2564
AEROFLEX INC. COM 007768104 1838 37000 SHR SOLE 2 37000
AETNA LIFE COM 008117103 9628 150000 SHR SOLE 2 150000
AFFILIATED COMPUTER SERVICES, INC. COM 008190100 6119 185059 SHR SOLE 1,2 185059
AFFYMETRIX INC COM 00826T108 363 2200 SHR SOLE 2 2200
AGILENT TECHNOLOGIES, INC. COM 00846U101 7557 102466 SHR SOLE 1,2 102466
AIR PRODS & CHEMS INC COM 009158106 45 1470 SHR SOLE 2 1470
AKZO NOBEL NV ADR 010199305 28 665 SHR SOLE 2 665
ALBERTO-CULVER CO CLASS COM 013068200 1969 75000 SHR SOLE 2 75000
ALBERTSON'S, INC. COM 013104104 96 2900 SHR SOLE 1 2900
ALCOA INC. COM 013817101 10574 364620 SHR SOLE 2 364620
ALCATEL ALSTHOM ADR 013904305 7011 105426 SHR SOLE 1,2 105426
ALLEGIANCE TELECOM INC COM 01747T102 461 7200 SHR SOLE 2 7200
ALLERGAN, INC. COM 018490102 232 3112 SHR SOLE 2 3112
ALLSTATE CORP COM 020002101 101 4551 SHR SOLE 2 4551
ALLTEL CORPORATION COM 020039103 20041 323574 SHR SOLE 2 323574
ALPHA INDUSTRIES, INC. COM 020753109 4854 110151 SHR SOLE 2 110151
ALTERA CORP COM 021441100 1358 13320 SHR SOLE 2 13320
AMEREN CORP. COM 023608102 38 1133 SHR SOLE 1 1133
AMERICA ONLINE INC. COM 02364J104 2798 53043 SHR SOLE 1,2 53043
AMERICAN ELEC. POWER COM 025537101 10 349 SHR SOLE 1 349
AMERICAN EXPRESS CO. COM 025816109 34043 653105 SHR SOLE 2 653105
AMERICAN GENERAL CORP. COM 026351106 31000 508194 SHR SOLE 1,2 508194
AMERICAN HOMES PRODUCTS CORP. COM 026609107 69915 1190043 SHR SOLE 1,2 1190043
AMERICAN INTERNATIONAL GROUP, INC COM 026874107 61776 525751 SHR SOLE 1,2 525751
AMERICAN MGMT SYS INC. COM 027352103 1970 60000 SHR SOLE 2 60000
AMERICAN POWER CONVERSION COM 029066107 200 4890 SHR SOLE 2 4890
AMES DEPARTMENT STORES COM 030789507 13 1700 SHR SOLE 2 1700
AMGEN INC. COM 031162100 3662 52126 SHR SOLE 1,2 52126
ANADARKO PETROLEUM COM 032511107 62 1250 SHR SOLE 2 1250
ANALOG DEVICES INC. COM 032654105 7173 94381 SHR SOLE 1,2 94381
ANHEUSER-BUSCH COS INC COM 035229103 655 8772 SHR SOLE 2 8772
ANTEC CORPORATION COM 03664P105 17 400 SHR SOLE 1 400
APACHE CORP COM 037411105 61 1040 SHR SOLE 2 1040
APCO ARGENTINA INC COM 037489101 70 2700 SHR SOLE 2 2700
APPLE COMPUTER INC COM 037833100 73 1400 SHR SOLE 2 1400
APPLEBEES INTERNATIONAL COM 037899101 2273 75000 SHR SOLE 2 75000
APPLIED MATERIALS INC COM 038222105 9044 99797 SHR SOLE 2 99797
APPLIED POWER INC. COM 038225108 6451 192580 SHR SOLE 2 192580
APPLIED MICRO CIRCUITS C COM 03822W109 691 7000 SHR SOLE 2 7000
APTARGROUP INC COM 038336103 4050 150000 SHR SOLE 2 150000
ARCHER DANIELS MIDLAND COM 039483102 2 242 SHR SOLE 1 242
ARCHSTONE COMMUNITIES TRUST COM 039581103 13 610 SHR SOLE 2 610
ARIBA, INC COM 04033V104 6344 64700 SHR SOLE 2 64700
ASTRAZENECA PLC ADR 046353108 65 1396 SHR SOLE 2 1396
AUTOMATIC DATA PROCESSING,INC. COM 053015103 25359 473449 SHR SOLE 1,2 473449
AVALONBAY COMMUNITIES INC COM 053484101 5 109 SHR SOLE 2 109
AVERY DENNISON CORP COM 053611109 111 1656 SHR SOLE 2 1656
AVON PRODUCTS COM 054303102 221 4961 SHR SOLE 2 4961
AXA - SPON ADR ADR 054536107 27 336 SHR SOLE 2 336
BASF AG ADR 055262505 61 1513 SHR SOLE 2 1513
BCE INC. COM 05534B109 7 275 SHR SOLE 1 275
BISYS GROUP, INC. COM 055472104 1784 29000 SHR SOLE 2 29000
BJ SERVICES CO. COM 055482103 331 5300 SHR SOLE 2 5300
BP AMOCO PLC ADR 055622104 695 12292 SHR SOLE 1,2 12292
BRE PROPERTIES CL A COM 05564E109 11 390 SHR SOLE 2 390
BMC SOFTWARE, INC. COM 055921100 8307 227699 SHR SOLE 2 227699
BANK OF AMERICA CORP. COM 060505104 19890 462548 SHR SOLE 1,2 462548
BANK OF NEW YORK, INC COM 064057102 52798 1135445 SHR SOLE 2 1135445
BANK ONE CORP. COM 06423A103 27 1010 SHR SOLE 1 1010
BANK OF TOKYO-MITSUBISHI ADR 065379109 31 2571 SHR SOLE 2 2571
BANKNORTH GROUP INC. COM 06646R107 428 27933 SHR SOLE 1 27933
BARR LABS INC. COM 068306109 9747 217500 SHR SOLE 2 217500
BAXTER INTL INC COM 071813109 33234 472661 SHR SOLE 1,2 472661
BAYER AG ADR 072730302 31 803 SHR SOLE 2 803
BEAR STEARNS CO INC COM 073902108 56 1350 SHR SOLE 2 1350
BECTON DICKINSON & CO. COM 075887109 16550 576900 SHR SOLE 1,2 576900
BED, BATH & BEYOND INC. COM 075896100 1426 39350 SHR SOLE 2 39350
BELL ATLANTIC CORP. COM 077853109 1537 30240 SHR SOLE 1,2 30240
BELLSOUTH CORP. COM 079860102 1030 24159 SHR SOLE 1,2 24159
BEMIS COMPANY COM 081437105 3157 93900 SHR SOLE 2 93900
BEN & JERRY'S HOMEMADE CL A COM 081465106 15 350 SHR SOLE 1 350
BERKSHIRE HATHAWAY INC. CL B COM 084670207 232 132 SHR SOLE 1 132
BEST BUY INCORPORATED COM 086516101 2013 31833 SHR SOLE 2 31833
BESTFOODS COM 08658U101 313 4515 SHR SOLE 2 4515
BIOGEN INC COM 090597105 201 3120 SHR SOLE 2 3120
BIOMET INC COM 090613100 84 2190 SHR SOLE 2 2190
BLACK BOX CORP. COM 091826107 5745 72563 SHR SOLE 2 72563
BOEING CO. COM 097023105 11577 276875 SHR SOLE 1,2 276875
BOSTON SCIENTIFIC CORP. COM 101137107 10993 501100 SHR SOLE 2 501100
BRISTOL-MYERS SQUIBB CO COM 110122108 14825 254501 SHR SOLE 1,2 254501
BRITISH AIRWAYS PLC ADR 110419306 1458 25362 SHR SOLE 2 25362
BRITISH TELECOMM PLC ADR 111021408 2485 18789 SHR SOLE 2 18789
BROADCOM CORP-CL A COM 111320107 10143 46326 SHR SOLE 2 46326
BROCADE COMMUNICATIONS S COM 111621108 3853 21000 SHR SOLE 2 21000
BURLINGTON RESOURCES, INC. COM 122014103 31440 821960 SHR SOLE 1,2 821960
BURR BROWN CORP. COM 122574106 1734 20000 SHR SOLE 2 20000
BUSH BOAKE ALLEN, INC. COM 123162109 3321 75900 SHR SOLE 1,2 75900
C-CUBE MICROSYSTEMS INC. COM 12501N108 4032 205469 SHR SOLE 2 205469
CH ROBINSON WORLDWIDE INC COM 12541W100 7123 143909 SHR SOLE 2 143909
CIGNA CORP. COM 125509109 370 3960 SHR SOLE 1,2 3960
CSC HOLDINGS INC PFD 126304401 1089 10324 SHR SOLE 2 10324
CSX CORPORATION COM 126408103 17 800 SHR SOLE 1,2 800
CTS CORP. COM 126501105 4667 103720 SHR SOLE 2 103720
CVS CORP COM 126650100 29 730 SHR SOLE 2 730
CABLE & WIRELESS PLC ADR 126830207 10 200 SHR SOLE 1 200
CABLE DESIGN TECH CORP COM 126924109 5802 173200 SHR SOLE 2 173200
CABOT CORPORATION COM 127055101 193 7090 SHR SOLE 1 7090
CACI INTL. INC. COM 127190304 1404 72000 SHR SOLE 2 72000
CAL DIVE INTL INC COM 127914109 7222 133286 SHR SOLE 2 133286
CAMBREX CORPORATION COM 132011107 11234 249642 SHR SOLE 1,2 249642
CAMPBELL SOUP COMPANY COM 134429109 285 9769 SHR SOLE 1,2 9769
CANON INC ADR 138006309 90 1777 SHR SOLE 2 1777
CARBO CERAMICS INC COM 140781105 2634 75000 SHR SOLE 2 75000
CAREADVANTAGE, INC. COM 14166N209 2 10000 SHR SOLE 1 10000
CARLTON COMM PLC ADR 142872209 40 614 SHR SOLE 2 614
CARRAMERICA REALTY CORP COM 144418100 15 580 SHR SOLE 2 580
CASEYS GEN STORE COM 147528103 1899 183000 SHR SOLE 2 183000
CATALINA MARKETING CORP. COM 148867104 2591 25400 SHR SOLE 1,2 25400
CATERPILLAR INC. COM 149123101 7 200 SHR SOLE 1 200
CEDAR FAIR, L.P. COM 150185106 29 1500 SHR SOLE 1 1500
CELL THERAPEUTICS INC COM 150934107 1807 59000 SHR SOLE 2 59000
CELGENE CORP. COM 151020104 247 4200 SHR SOLE 2 4200
CENDANT CORP. COM 151313103 17 1200 SHR SOLE 1 1200
CENTURI INC. COM 156410102 0 3000 SHR SOLE 1 3000
CENTURYTEL, INC. COM 156700106 24 843 SHR SOLE 1 843
CHALONE WINE GROUP LTD COM 157639105 0 20 SHR SOLE 2 20
CHASE MANHATTAN CORP. COM 16161A108 14755 320315 SHR SOLE 1,2 320315
CHATEAU COMMUNITIES INC COM 161726104 4872 172445 SHR SOLE 1,2 172445
CHEVRON OIL COM 166751107 25905 305440 SHR SOLE 1,2 305440
CHIREX, INC. COM 170038103 2760 138000 SHR SOLE 2 138000
CHIRON CORPORATION COM 170040109 2665 56100 SHR SOLE 2 56100
CHITTENDEN CORP. COM 170228100 84 3433 SHR SOLE 1 3433
CHUBB CORP. COM 171232101 498 8100 SHR SOLE 1 8100
CIBER INC. COM 17163B102 1471 111000 SHR SOLE 2 111000
CINCINNATI FINANCIAL CORP. COM 172062101 63 2000 SHR SOLE 1 2000
CISCO SYSTEMS INC. COM 17275R102 17247 271340 SHR SOLE 1,2 271340
CITIGROUP, INC. COM 172967101 52857 877287 SHR SOLE 1,2 877287
CITRIX SYSTEMS COM 177376100 51 2700 SHR SOLE 2 2700
CLAIRE'S STORES INC. COM 179584107 1444 75000 SHR SOLE 2 75000
CLEAR CHANNEL COMMUNICAT COM 184502102 1137 15160 SHR SOLE 2 15160
COASTAL CORP COM 190441105 273 4487 SHR SOLE 2 4487
COCA-COLA CO. COM 191216100 2541 44242 SHR SOLE 1,2 44242
COLGATE-PALMOLIVE CO COM 194162103 751 12544 SHR SOLE 1,2 12544
THE COLONEL'S INT'L. COM 195405105 1 100 SHR SOLE 1 100
COLORADO MEDTECH,INC. COM 19652U104 934 148000 SHR SOLE 2 148000
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 67 2200 SHR SOLE 2 2200
COMCAST CORP - SPECIAL C COM 200300200 772 19070 SHR SOLE 2 19070
COMMERCE ONE INC COM 200693109 372 8200 SHR SOLE 2 8200
COMMUNITY BANCORP INC/VT COM 20343A101 3 308 SHR SOLE 1 308
COMPAQ COMPUTER CORP. COM 204493100 7192 281357 SHR SOLE 1,2 281357
COMPASS BANCSHARES COM 20449H109 85 5000 SHR SOLE 1 5000
COMPTEK RESEARCH INC COM 204682108 28 1600 SHR SOLE 2 1600
COMPUTER ASSOCIATES INTL INC COM 204912109 3635 71008 SHR SOLE 1,2 71008
COMPUWARE CORP COM 205638109 55 5281 SHR SOLE 2 5281
COMVERSE TECHNOLOGY INC COM 205862402 272 2930 SHR SOLE 2 2930
CONEXANT SYSTEMS INC COM 207142100 335 6890 SHR SOLE 2 6890
CONNECTICUT LHT & PWR CALL PFD 207597774 7 168 SHR SOLE 1 168
CONOCO INC. CLASS A COM 208251306 536 24350 SHR SOLE 1 24350
CONOCO, INC. CL-B COM 208251405 24818 1010386 SHR SOLE 1,2 1010386
CONVERGYS CORPORATION COM 212485106 26413 509160 SHR SOLE 2 509160
CORNING INC. COM 219350105 1926 7136 SHR SOLE 1,2 7136
CORUS GROUP PLC ADR 22087M101 1104 76821 SHR SOLE 2 76821
COSTCO WHOLESALE CORP. COM 22160K105 311 9410 SHR SOLE 1,2 9410
COUSINS PROPERTIES INC COM 222795106 21 535 SHR SOLE 2 535
COVANCE INC. COM 222816100 1304 148000 SHR SOLE 2 148000
COX COMMUNICATIONS INC COM 224044107 633 13896 SHR SOLE 2 13896
CREE INC. COM 225447101 3645 27300 SHR SOLE 2 27300
CROWN CASTLE INT'L CORP PFD 228227302 807 7970 SHR SOLE 2 7970
GLOBAL CROSSING LTD. COM 228506500 42 1600 SHR SOLE 1 1600
CULLEN/FROST BANKERS, INC. COM 229899109 1184 45000 SHR SOLE 2 45000
CURAGEN CORP. COM 23126R101 571 15000 SHR SOLE 2 15000
DPL INC COM 233293109 59 2700 SHR SOLE 2 2700
DQE INC. COM 23329J104 22 559 SHR SOLE 1 559
DAI NIPPON PRINT - UNSPON ADR ADR 233806207 34 191 SHR SOLE 2 191
DALLAS SEMICONDUCTOR CORP. COM 235204104 11967 293677 SHR SOLE 1,2 293677
DARDEN RESTAURANTS INC COM 237194105 37 2290 SHR SOLE 2 2290
DELL COMPUTER CORP COM 247025109 2925 59323 SHR SOLE 2 59323
DELPHI AUTOMOTIVE SYSTEMS CORP. COM 247126105 3 190 SHR SOLE 1 190
DELTA AIRLINES COM 247361108 21 420 SHR SOLE 2 420
DEN DANSKE BANK ADR 248206203 30 251 SHR SOLE 2 251
DEUTSCHE BANK ADR 251525309 38 453 SHR SOLE 2 453
DEVELOPERS DIVERS REALTY CRP COM 251591103 11 705 SHR SOLE 2 705
DIAGNOSTIC PRODUCTS CORP. COM 252450101 736 23000 SHR SOLE 2 23000
DIAMOND OFFSHORE DRILLING, INC. COM 25271C102 11 300 SHR SOLE 1 300
DISNEY, WALT COM 254687106 22205 572107 SHR SOLE 1,2 572107
DIVERSA CORP. COM 255064107 497 15000 SHR SOLE 2 15000
DONALDSON COMPANY, INC. COM 257651109 2370 120000 SHR SOLE 2 120000
DOUBLECLICK INC COM 258609304 1830 48000 SHR SOLE 2 48000
DOVER CORP. COM 260003108 18395 453501 SHR SOLE 2 453501
DOW CHEMICAL CO COM 260543103 44 1450 SHR SOLE 2 1450
DOW JONES & CO INC COM 260561105 118 1607 SHR SOLE 2 1607
EI DUPONT DE NEMOURS & CO COM 263534109 9476 216589 SHR SOLE 1,2 216589
DUKE ENERGY CORPORATION COM 264399106 49728 882094 SHR SOLE 1,2 882094
DUKE REALTY INVESTMENTS INC COM 264411505 19 850 SHR SOLE 2 850
DUN & BRADSTREET CORP. COM 26483B106 84 2939 SHR SOLE 1,2 2939
DYNATECH CORPORATION COM 268140100 658 36307 SHR SOLE 2 36307
DYNERGY INC COM 26816Q101 55 800 SHR SOLE 2 800
EGL INC. COM 268484102 1576 51246 SHR SOLE 2 51246
EMC CORP./MA COM 268648102 10163 132097 SHR SOLE 1,2 132097
ENI SPA ADR 26874R108 29 492 SHR SOLE 2 492
EOG RESOURCES, INC. COM 26875P101 21562 643638 SHR SOLE 2 643638
E-TEK DYNAMICS INC COM 269240107 580 2200 SHR SOLE 2 2200
EASTGROUP PROPERTIES COM 277276101 14 675 SHR SOLE 2 675
EASTMAN KODAK CO. COM 277461109 24 400 SHR SOLE 1 400
EATON CORP COM 278058102 70 1040 SHR SOLE 2 1040
EBAY INC COM 278642103 1162 21400 SHR SOLE 2 21400
ECOLAB INC COM 278865100 31 800 SHR SOLE 2 800
EDWARDS LIFESCIENCES CORPORATION COM 28176E108 1661 89318 SHR SOLE 1,2 89318
EFFICIENT NETWORKS INC COM 282056100 206 2800 SHR SOLE 2 2800
EISAI CO LTD ADR 282579309 34 1045 SHR SOLE 2 1045
EL PASO ENERGY CORP COM 283905107 101 1980 SHR SOLE 2 1980
ELAN CORP. PLC. ADR 284131208 16973 350400 SHR SOLE 2 350400
ELECTRONIC DATA SYSTEMS CORP. COM 285661104 13710 332366 SHR SOLE 1,2 332366
EMERSON ELECTRIC COM 291011104 611 10125 SHR SOLE 1 10125
ENDESA ADR 29258N107 2132 109350 SHR SOLE 2 109350
ENERCORP INC COM 292906203 0 200 SHR SOLE 2 200
ENHANCE FINANCIAL SVCS. GROUP COM 293310108 1058 74000 SHR SOLE 2 74000
ENRON CORP. COM 293561106 51810 803259 SHR SOLE 1,2 803259
ENTERGY CORPORATION COM 29364G103 22 800 SHR SOLE 1 800
EQUIFAX COM 294429105 54 2072 SHR SOLE 2 2072
EQUITY OFFICE PROP TR COM 294741103 16 579 SHR SOLE 2 579
EQUUS II INC COM 294766100 5 433 SHR SOLE 2 433
EQUITY RESIDENTIAL PROPS TR COM 29476L107 5 110 SHR SOLE 2 110
ERICSSON (ADR) COM 294821400 544 27200 SHR SOLE 2 27200
ETHAN ALLEN INTERIORS, INC. COM 297602104 725 30200 SHR SOLE 2 30200
EXODUS COMMUNICATIONS INC. COM 302088109 709 15400 SHR SOLE 1,2 15400
EXPEDITORS INT'L WASH. I COM 302130109 1378 29000 SHR SOLE 2 29000
EXTREME NETWORKS INC. COM 30226D106 8250 78200 SHR SOLE 1,2 78200
EXXON MOBIL CORP. COM 30231G102 81108 1033117 SHR SOLE 1,2 1033117
FPL GROUP INC COM 302571104 1447 29227 SHR SOLE 2 29227
FREDDIE MAC COM 313400301 65 1600 SHR SOLE 1 1600
FEDERAL NATL MTGE ASSN COM 313586109 2337 44779 SHR SOLE 1,2 44779
FEDERAL REALTY INVS TR COM 313747206 3 145 SHR SOLE 2 145
FIFTH THIRD BANCORP COM 316773100 298 4709 SHR SOLE 1 4709
FILENET CORP. COM 316869106 1360 74000 SHR SOLE 2 74000
FIRST DATA CORP. COM 319963104 16281 328080 SHR SOLE 1,2 328080
FIRST INDUSTRIAL REALTY TR COM 32054K103 2 78 SHR SOLE 2 78
FIRST NAT'L COMMUNITY BANCORP COM 32110M101 39 1210 SHR SOLE 1 1210
FIRST UNION CORP. COM 337358105 22 900 SHR SOLE 1 900
FIX-CORP INTL INC COM 33831C109 0 2500 SHR SOLE 2 2500
FLEET BOSTON FINANCIAL CORP. COM 339030108 35 1038 SHR SOLE 1 1038
FLORIDA PROGRESS CORP. COM 341109106 70 1500 SHR SOLE 1 1500
FORD MOTOR CO. COM 345370100 41325 961049 SHR SOLE 1,2 961049
FOREST LABS COM 345838106 4313 42700 SHR SOLE 2 42700
FOUNDRY NETWORKS INC COM 35063R100 99 900 SHR SOLE 2 900
FREEPORT MCMORAN COPPER COM 35671D857 21 2318 SHR SOLE 2 2318
FUJI PHOTO FILM ADR 359586302 55 1302 SHR SOLE 2 1302
GTE CORPORATION COM 362320103 49392 793448 SHR SOLE 1,2 793448
GAINSCO INC. COM 363127101 1 100 SHR SOLE 1 100
GALLAHER GROUP PLC-ADR ADR 363595109 6 300 SHR SOLE 2 300
GAP STORES COM 364760108 395 12627 SHR SOLE 1,2 12627
GARDNER DENVER, INC. COM 365558105 1359 76000 SHR SOLE 2 76000
GATEWAY COMPUTER COM 367626108 268 4725 SHR SOLE 2 4725
GENENTECH INC COM 368710406 499 2900 SHR SOLE 2 2900
GENERAL DYNAMICS CORP COM 369550108 82 1560 SHR SOLE 2 1560
GENERAL ELECTRIC COMPANY COM 369604103 59489 1126149 SHR SOLE 1,2 1126149
GENERAL GROWTH PPTYS INC COM 370021107 5 145 SHR SOLE 2 145
GENERAL MILLS INC. COM 370334104 379 9896 SHR SOLE 1,2 9896
GENERAL MOTORS CORP. COM 370442105 257 4432 SHR SOLE 1,2 4432
GENZYME CORP.-GEN DIV COM 372917104 17267 290500 SHR SOLE 2 290500
GEORGIA-PACIFIC CORP COM 373298108 27 1040 SHR SOLE 2 1040
GIGA-TRONICS INC COM 375175106 10 1000 SHR SOLE 2 1000
GILLETTE COMPANY COM 375766102 2185 62550 SHR SOLE 1,2 62550
GLAXO WELLCOME PLC ADR 37733W105 2093 36200 SHR SOLE 1,2 36200
GLOBAL CROSSING PFD 37932J301 727 4000 SHR SOLE 2 4000
GLOBAL MARINE INC. COM 379352404 13364 474100 SHR SOLE 2 474100
GLOBECOMM SYSTEMS INC COM 37956X103 41 3000 SHR SOLE 2 3000
W.R. GRACE & CO. COM 38388F108 11 898 SHR SOLE 2 898
GRANITE STATE BANKSHARES COM 387472103 57 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 REIT INC COM 390752103 19 1117 SHR SOLE 2 1117
GREAT WESTERN FINL PFD 39141F203 21 900 SHR SOLE 1 900
GLOBALSTAR TELECOMMUNICATIONS COM 3930H1043 9 1000 SHR SOLE 1 1000
GRUPO TELEVISA SA ADR 40049J206 1723 25000 SHR SOLE 2 25000
GUIDANT CORP COM 401698105 224 4525 SHR SOLE 2 4525
THE HEALTHCARE COMPANY COM 404119109 12896 424550 SHR SOLE 1,2 424550
HCC INSURANCE HOLDINGS COM 404132102 4113 220000 SHR SOLE 2 220000
HSBC HOLDINGS PLC ADR 404280406 72 1248 SHR SOLE 1,2 1248
HSB GROUP INC. COM 40428N109 4550 146200 SHR SOLE 2 146200
HS RESOURCES COM 404297103 600 20000 SHR SOLE 2 20000
HALLIBURTON COMPANY COM 406216101 35074 743300 SHR SOLE 1,2 743300
HARCOURT GENERAL INC. COM 41163G101 1327 24400 SHR SOLE 2 24400
HARLEY DAVIDSON INC COM 412822108 172 4480 SHR SOLE 2 4480
HARMAN INTL INDS INC COM 413086109 5429 89000 SHR SOLE 2 89000
HARMONIC INC COM 413160102 882 35628 SHR SOLE 2 35628
HARTFORD FIN SVCS INC COM 416515104 99 1770 SHR SOLE 2 1770
HEALTHCARE SVCS GCES GRO COM 421906108 614 136500 SHR SOLE 2 136500
HEINZ, H. J. COM 423074103 470 10744 SHR SOLE 1,2 10744
HELMERICH & PAYNE,INC. COM 423452101 1618 44000 SHR SOLE 2 44000
HEWLETT-PACKARD, INC. COM 428236103 28656 229479 SHR SOLE 1,2 229479
HILTON HOTELS CORP COM 432848109 51 5408 SHR SOLE 2 5408
HITACHI LTD ADR 433578507 91 631 SHR SOLE 1,2 631
HOME DEPOT INC COM 437076102 6003 120207 SHR SOLE 1,2 120207
HOME PROPERTIES OF NY INC COM 437306103 14 475 SHR SOLE 2 475
HONDA MOTOR CO LTD ADR 438128308 15 218 SHR SOLE 2 218
HONEYWELL INTERNATIONAL INC COM 438516106 995 29534 SHR SOLE 1,2 29534
HOTEL RESERVATIONS NTWK COM 441451101 1339 45000 SHR SOLE 2 45000
HUMAN GENOME SCIENCES INC COM 444903108 9786 73373 SHR SOLE 2 73373
IDG BOOKS WORLDWIDE, INC COM 449384106 526 58000 SHR SOLE 2 58000
IDX SYSTEMS CORPORATION COM 449491109 4 300 SHR SOLE 1 300
IMS HEALTH INC. COM 449934108 132 7328 SHR SOLE 1,2 7328
IRT PROPERTY CO COM 450058102 4 440 SHR SOLE 2 440
IDACORP INC COM 451107106 71 2200 SHR SOLE 2 2200
ILLINOIS TOOL WORKS COM 452308109 68 1200 SHR SOLE 1,2 1200
IMATION CORP COM 45245A107 1 40 SHR SOLE 2 40
INCYTE PHARMACEUTICALS INC COM 45337C102 4815 58582 SHR SOLE 2 58582
ING GROEP NV ADR 456837103 63 928 SHR SOLE 2 928
INKTOMI CORP COM 457277101 5913 50005 SHR SOLE 2 50005
INTEGRAL SYSTEMS INC/MD COM 45810H107 209 12500 SHR SOLE 2 12500
INTEL CORPORATION COM 458140100 39493 295410 SHR SOLE 1,2 295410
INTERMEDIA COMMUNICATION COM 458801107 446 15000 SHR SOLE 2 15000
INTERNAP NETWORK SERVICES CORP. COM 45885A102 8 200 SHR SOLE 1 200
INTERNATIONAL BUSINESS MACHINES CORP. COM 459200101 52276 477136 SHR SOLE 1,2 477136
INTL PAPER CO COM 460146103 19976 670055 SHR SOLE 1,2 670055
INTERPUBLIC GROUP COS. COM 460690100 190 4428 SHR SOLE 2 4428
INVITROGEN CORP COM 46185R100 1128 15000 SHR SOLE 2 15000
ITO-YOKADO CO LTD ADR 465714301 15 241 SHR SOLE 2 241
I2 TECHNOLOGIES INC COM 465754109 471 4515 SHR SOLE 2 4515
JDS UNIPHASE CORP. COM 46612J101 8489 70815 SHR SOLE 2 70815
JACK IN THE BOX INC. COM 466367109 3651 148000 SHR SOLE 2 148000
JEFFERSON-PILOT CORP. COM 475070108 12783 226500 SHR SOLE 2 226500
JOHNSON & JOHNSON COM 478160104 43636 428329 SHR SOLE 1,2 428329
JOHNSON CONTROLS INC COM 478366107 37 730 SHR SOLE 2 730
JUNIPER NETWORKS, INC. COM 48203R104 10160 69800 SHR SOLE 2 69800
KLA TENCOR CORP. COM 482480100 2100 35860 SHR SOLE 2 35860
K-TROM INTL INC COM 482730108 23 1500 SHR SOLE 2 1500
K2 INC. COM 482732104 0 30 SHR SOLE 1 30
KELLOGG CO. COM 487836108 206 6912 SHR SOLE 1,2 6912
KELLWOOD CO. COM 488044108 8 400 SHR SOLE 1 400
KEYCORP COM 493267108 235 13360 SHR SOLE 1,2 13360
KEYSPAN CORPORATION COM 49337W100 0 1 SHR SOLE 2 1
KIMBERLY-CLARKE CORP. COM 494368103 51925 905016 SHR SOLE 1,2 905016
KINDER MORGAN ENERGY PARTNERS COM 494550106 114 2850 SHR SOLE 1 2850
KOHLS CORP COM 500255104 484 8696 SHR SOLE 2 8696
PHILIPS ELECTRONICS NV ADR 500472204 27773 584705 SHR SOLE 2 584705
KOREA TELECOM CORP ADR 50063P103 1693 35000 SHR SOLE 2 35000
KROGER CO. COM 501044101 30290 1372902 SHR SOLE 2 1372902
KRONOS INC. COM 501052104 1560 60000 SHR SOLE 2 60000
KYOCERA CORP ADR 501556203 63 368 SHR SOLE 2 368
LSI LOGIC CORP COM 502161102 1407 26000 SHR SOLE 2 26000
LAKEHEAD PIPE LINE PARTNERS, L.P. COM 511557100 67 1675 SHR SOLE 1 1675
LEHMAN BROS HLDGS INC COM 524908100 187 1980 SHR SOLE 2 1980
LEXMARK INT'L INC. CL A COM 529771107 130 1929 SHR SOLE 2 1929
LIBERTY PRPERTY COM 531172104 2854 110020 SHR SOLE 1,2 110020
LILLY, ELI COM 532457108 16985 170060 SHR SOLE 1,2 170060
LIMITED INC COM 532716107 84 3870 SHR SOLE 2 3870
LINCOLN NATIONAL CORP. COM 534187109 22 600 SHR SOLE 1 600
LINEAR TECHNOLOGY INC COM 535678106 6952 108724 SHR SOLE 2 108724
LOWES COMPANIES COM 548661107 64 1560 SHR SOLE 2 1560
LUCENT TECHNOLOGIES, INC. COM 549463107 25306 427103 SHR SOLE 1,2 427103
MBNA CORP COM 55262L100 318 11740 SHR SOLE 2 11740
WORLDCOM, INC. COM 55268B106 1982 43200 SHR SOLE 1 43200
MGI PROPERTIES COM 552885105 2 800 SHR SOLE 1 800
MACK-CALI REALTY CORP COM 554489104 27 1035 SHR SOLE 2 1035
MANOR CARE INC COM 564055101 7 1046 SHR SOLE 2 1046
MANUFACTURED HOME COMMUNITIES, INC. COM 564682102 36 1500 SHR SOLE 1 1500
MAPINFO CORP COM 565105103 173 4250 SHR SOLE 2 4250
MARSH & MCLENNAN COS INC COM 571748102 3153 30190 SHR SOLE 2 30190
MARRIOTT INTERNATIONAL COM 571903202 17815 494000 SHR SOLE 2 494000
MARTIN MARIETTA MATERIALS INC. COM 573284106 7198 178000 SHR SOLE 2 178000
MATTEL, INC. COM 577081102 1 112 SHR SOLE 1 112
MAXIM INTEGRATED PRODUCT COM 57772K101 335 4930 SHR SOLE 2 4930
MAYTAG CORP COM 578592107 65 1765 SHR SOLE 2 1765
MCCORMICK & COMPANY COM 579780206 20712 637300 SHR SOLE 2 637300
MCDONALD'S CORP. COM 580135101 26 800 SHR SOLE 1 800
MCGRAW-HILL INC COM 580645109 46467 860502 SHR SOLE 1,2 860502
MCLEODUSA INC COM 582266102 186 9000 SHR SOLE 2 9000
MEDIAONE GROUP INC COM 58440J104 50 745 SHR SOLE 2 745
MEDICIS PHARMACEUTICAL-CL A COM 584690309 5729 100500 SHR SOLE 2 100500
MEDIMMUNE INC COM 584699102 292 3940 SHR SOLE 2 3940
MEDTRONIC INC. COM 585055106 2731 54818 SHR SOLE 2 54818
MENTOR CORP. COM 587188103 2012 74000 SHR SOLE 2 74000
MERCK & CO. COM 589331107 5139 67063 SHR SOLE 1,2 67063
MERCURY INTERACTIVE COM 589405109 116 1200 SHR SOLE 2 1200
MEREDITH CORP. COM 589433101 1958 58000 SHR SOLE 2 58000
METHODE ELECTRONICS INC CL A COM 591520200 1700 44000 SHR SOLE 2 44000
MICREL, INC. COM 594793101 5438 125200 SHR SOLE 2 125200
MICROSOFT CORP. COM 594918104 8905 111311 SHR SOLE 1,2 111311
MICRON TECHNOLOGY INC COM 595112103 7323 83160 SHR SOLE 2 83160
MILESTONE EXPLORATION LTD. COM 599352101 0 1470 SHR SOLE 1 1470
MILLENNIUM PHRMACEUTICAL COM 599902103 9240 82591 SHR SOLE 2 82591
MILLENNIUM CHEMICALS INC. COM 599903101 2 100 SHR SOLE 1 100
MILLIPORE CORP COM 601073109 53 697 SHR SOLE 2 697
MINNESOTA MINING AND MFG. CO. COM 604059105 9444 114468 SHR SOLE 1,2 114468
MINNTECH CORP COM 604258103 878 130000 SHR SOLE 2 130000
MOBILE CLIMATE CONTROL INDUSTRIES COM 606921310 0 1000 SHR SOLE 1 1000
MOLEX INC COM 608554101 60 1250 SHR SOLE 2 1250
ROBERT MONDAVI, A COM 609200100 1381 45000 SHR SOLE 2 45000
J.P. MORGAN & CO. COM 616880100 898 8154 SHR SOLE 1,2 8154
MORGAN STANLEY DEAN WITT COM 617446448 291 3500 SHR SOLE 2 3500
MOTOROLA,INC. COM 620076109 35748 1230043 SHR SOLE 1,2 1230043
MYRIAD GENETICS, INC. COM 62855J104 13984 94440 SHR SOLE 2 94440
NCR CORP COM 62886E102 82 2111 SHR SOLE 2 2111
NABISCO GROUP HOLDINGS COM 62952P102 1 50 SHR SOLE 1 50
NABORS INDUSTRIES INC COM 629568106 324 7800 SHR SOLE 1,2 7800
NATL AUSTRALIA BK LTD ADR 632525408 52 623 SHR SOLE 2 623
NATIONAL SEMICONDUCTOR CORP. COM 637640103 4313 76000 SHR SOLE 2 76000
NETWORKS ASSOCIATES INC COM 640938106 8148 399900 SHR SOLE 2 399900
NESTLE SA ADR 641069406 106 1055 SHR SOLE 1,2 1055
NETWORK APPLIANCE INC. COM 64120L104 474 5884 SHR SOLE 1,2 5884
NEW JERSEY RESOURCES CORP. COM 646025106 4 100 SHR SOLE 1 100
NEWS CORP LTD ADR 652487703 52 945 SHR SOLE 2 945
NEXTEL COMMUNICATION COM 65332V103 1448 23660 SHR SOLE 2 23660
NEXTLINK COMMUNICATIONS-A COM 65333H707 5339 140740 SHR SOLE 2 140740
NINTENDO OF AMERICA INC ADR 654445303 35 1571 SHR SOLE 2 1571
NIPPON TELEC & TEL CORP COM 654624105 50 735 SHR SOLE 2 735
NISOURCE INC. COM 65473P105 143 7690 SHR SOLE 1,2 7690
NOKIA CORP COM 654902204 846 16950 SHR SOLE 2 16950
NORFOLK-SOUTHERN COM 655844108 100 6719 SHR SOLE 1,2 6719
NORTEL NETWORKS CORP. COM 656568102 19135 280367 SHR SOLE 1,2 280367
NORTH EUROPEAN OIL RTY TR COM 659310106 8 500 SHR SOLE 2 500
NORTHERN STS PWR CO MINN COM 665772109 85 4200 SHR SOLE 2 4200
NOVARTIS AG ADR 66987V109 53 1326 SHR SOLE 2 1326
NOVELLUS SYSTEMS INC COM 670008101 4577 80927 SHR SOLE 2 80927
NOVO-NORDISK A/S ADR 670100205 55 654 SHR SOLE 2 654
NUCOR CORP COM 670346105 31 940 SHR SOLE 2 940
NUMERICAL TECHNOLOGIES I COM 67053T101 1216 25000 SHR SOLE 2 25000
OCEAN ENERGY INC. COM 67481E106 10113 712800 SHR SOLE 2 712800
OCEANEERING INTL INC COM 675232102 2280 120000 SHR SOLE 2 120000
OMNICOM GROUP INC COM 681919106 22736 255279 SHR SOLE 2 255279
ORACLE SYSTEMS CORP COM 68389X105 12782 152054 SHR SOLE 1,2 152054
ORTHODONTIC CENTERS OF AMERICA COM 68750P103 3349 148000 SHR SOLE 2 148000
OWENS CORNING COM 69073F103 7 806 SHR SOLE 2 806
PE CORP COM 69332S102 205 3112 SHR SOLE 2 3112
CELERA GENOMICS COM 69332S201 9 100 SHR SOLE 1 100
PLX TECHNOLOGY, INC. COM 693417107 1826 44000 SHR SOLE 2 44000
PMC-SIERRA INC COM 69344F106 1048 5900 SHR SOLE 2 5900
PNC FINANCIAL SERVICES GROUP COM 693475105 106 2260 SHR SOLE 1,2 2260
PPL CORPORATION COM 693499105 294 13399 SHR SOLE 1 13399
PG&E CORPORATION COM 694308107 12 480 SHR SOLE 1 480
PARAMETRIC TECHNOLOGY CO COM 699173100 44 3999 SHR SOLE 2 3999
PARKER-HANNIFIN CORP. COM 701094104 16079 469446 SHR SOLE 2 469446
PAYCHEX INC. COM 704326107 228 5422 SHR SOLE 2 5422
PEOPLE'S BANK, BRIDGEPORT,CT COM 710198102 49 2650 SHR SOLE 1 2650
PEOPLESOFT INC COM 712713106 67 3993 SHR SOLE 2 3993
PEPSICO, INC. COM 713448108 68903 1550550 SHR SOLE 1,2 1550550
PERKLINELMER INC COM 714046109 145 2190 SHR SOLE 2 2190
PFIZER, INC. COM 717081103 9711 202306 SHR SOLE 1,2 202306
PHARMACIA CORPORATION COM 71713U102 44100 853211 SHR SOLE 1,2 853211
PHILADELPHIA SUBURBAN CORP. COM 718009608 16 800 SHR SOLE 1 800
PHILIP MORRIS COS COM 718154107 12241 460835 SHR SOLE 1,2 460835
PHILIP SERVICES CORP COM 718193105 0 30 SHR SOLE 2 30
PHILLIPS PETROLEUM CO COM 718507106 74 1460 SHR SOLE 2 1460
PHONE.COM INC COM 71920Q100 462 7100 SHR SOLE 2 7100
PITNEY BOWES COM 724479100 150 3757 SHR SOLE 2 3757
PLEXUS CORPORATION COM 729132100 11606 102711 SHR SOLE 2 102711
PLUG POWER INC COM 72919P103 19 300 SHR SOLE 2 300
PORTUGAL TELECOM SA ADR 737273102 2277 202434 SHR SOLE 2 202434
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 41 1165 SHR SOLE 2 1165
PRAXAIR, INC. COM 74005P104 7709 205910 SHR SOLE 2 205910
PREMIER CRUISES LTD COM 74099A997 222 74059 SHR SOLE 2 74059
PROCTOR & GAMBLE COM 742718109 2802 48937 SHR SOLE 1,2 48937
PROGRESSIVE CORP COM 743315103 7 100 SHR SOLE 1 100
PROLIGIS TRUST COM 743410102 19 875 SHR SOLE 2 875
PROVIDIAN FINANCIAL COM 74406A102 187 2080 SHR SOLE 2 2080
PUB SVC ENTERPR GROUP INC COM 744573106 3 73 SHR SOLE 2 73
QUAKER OATS COM 747402105 154 2044 SHR SOLE 1,2 2044
QUALCOMM INC COM 747525103 782 13038 SHR SOLE 2 13038
QWEST COMM INT'L INC. COM 749121109 125 2494 SHR SOLE 1 2494
RADIOSHACK CORP COM 750438103 130 2754 SHR SOLE 2 2754
RAILAMERICA INC COM 750753105 287 44999 SHR SOLE 2 44999
RALSTON-PURINA GROUP COM 751277302 90 4495 SHR SOLE 2 4495
RAYTHEON CO - CLASS A COM 755111309 2 98 SHR SOLE 2 98
REALNETWORKS INC COM 75605L104 253 5000 SHR SOLE 2 5000
REDIFF.COM INDIA LTD COM 757479100 216 15400 SHR SOLE 2 15400
REGENERON PHARMACEUTICAL COM 75886F107 1312 44000 SHR SOLE 2 44000
REPSOL SA ADR 76026T205 2048 103373 SHR SOLE 2 103373
RESEARCH IN MOTION LTD. COM 760975102 3 75 SHR SOLE 1 75
REUTERS GROUP PLC COM 761324201 140 1400 SHR SOLE 1 1400
RIO TINTO ADR 767202104 40 599 SHR SOLE 2 599
ROBBINS AND MYERS INC. COM 770196103 1369 60000 SHR SOLE 2 60000
ROHM & HAAS CO COM 775371107 58 1670 SHR SOLE 2 1670
ROWAN COS INC COM 779382100 57 1870 SHR SOLE 2 1870
ROYAL DUTCH PETROLEUM CO. ADR 780257804 30250 491375 SHR SOLE 1,2 491375
RUBY TUESDAY, INC. COM 781182100 2827 225000 SHR SOLE 2 225000
RURAL CELLULAR CORP PFD 781907305 1177 12486 SHR SOLE 2 12486
SBC COMMUNICATIONSINC. COM 78387G103 23321 539218 SHR SOLE 1,2 539218
SDL, INC. COM 784076101 485 1700 SHR SOLE 1,2 1700
SLM HOLDINGS CORP COM 78442A109 533 14240 SHR SOLE 2 14240
SAFEWAY INC COM 786514208 1301 28830 SHR SOLE 2 28830
ST PAUL COS INC COM 792860108 85 2500 SHR SOLE 2 2500
SAN PAOLO-IMI SPA ADR 799175104 1970 55687 SHR SOLE 2 55687
SANMINA CORP COM 800907107 188 2200 SHR SOLE 2 2200
SAP AG ADR 803054204 2361 50292 SHR SOLE 2 50292
SAPIENT CORPORATION COM 803062108 174 1630 SHR SOLE 2 1630
SARA LEE CORP. COM 803111103 19293 998971 SHR SOLE 1,2 998971
SCHERING-PLOUGH COM 806605101 3061 60616 SHR SOLE 1,2 60616
SCHLUMBERGER LTD. COM 806857108 28838 386443 SHR SOLE 1,2 386443
SCHWAB (CHARLES) CORP. COM 808513105 697 20735 SHR SOLE 1,2 20735
SCIENTIFIC-ATLANTIC COM 808655104 4865 65297 SHR SOLE 2 65297
SCOTTISH POWER PLC ADR 81013T705 45 1333 SHR SOLE 2 1333
SEAGATE TECHNOLOGY INC. COM 811104103 22 400 SHR SOLE 1 400
SEALED AIR CORP COM 81211K100 103 1961 SHR SOLE 2 1961
SEQUENOM, INC. COM 817337108 545 12000 SHR SOLE 2 12000
UNION SQUARE HOTEL PARTNERS COM 820936102 0 10000 SHR SOLE 2 10000
SHELL TRANSPORT & TRADING ADR 822703609 3161 63295 SHR SOLE 2 63295
SHIRE PHARMACEUTICALS GR COM 82481R106 1141 22000 SHR SOLE 2 22000
SHOPKO STORES INC. COM 824911101 692 45000 SHR SOLE 2 45000
SHURGARD STORAGE CENTERS, INC. COM 82567D104 1 50 SHR SOLE 1 50
SIEBEL SYSTEMS, INC. COM 826170102 8744 53462 SHR SOLE 2 53462
SILICON STORAGE TECHNOLOGY COM 827057100 8223 93109 SHR SOLE 2 93109
SIMON PROPERTY GROUP INC COM 828806109 8 365 SHR SOLE 2 365
SMART & FINAL, INC. COM 831683107 1130 147000 SHR SOLE 2 147000
SMITH INTL INC. COM 832110100 1231 16900 SHR SOLE 2 16900
SMITHKLINE BEECHAM ADR 832378301 2092 32092 SHR SOLE 2 32092
SOCIETE GENERALE ADR 83364L109 78 6420 SHR SOLE 2 6420
SOLECTRON CORP. COM 834182107 6884 164384 SHR SOLE 2 164384
SONY CORP. ADR 835699307 58 618 SHR SOLE 1,2 618
SONUS NETWORKS INC. COM 835916107 7246 45900 SHR SOLE 2 45900
SOUTHERN CO COM 842587107 3 125 SHR SOLE 2 125
SOUTHWEST AIRLINES COM 844741108 41 2190 SHR SOLE 2 2190
SPECTRASITE HOLDINGS INC COM 84760T100 568 20000 SHR SOLE 2 20000
SPIEKER PROPERTIES INC COM 848497103 17 365 SHR SOLE 2 365
SPRINT CORP (FON GROUP) COM 852061100 203 3980 SHR SOLE 2 3980
SPRINT CORP (PCS GROUP) COM 852061506 2232 37510 SHR SOLE 2 37510
STAAR SURGICAL CO. COM 852312305 1359 121500 SHR SOLE 1,2 121500
STAMFORD INTERNATIONAL INC. COM 852902105 8 825 SHR SOLE 1 825
STAPLES INC. COM 855030102 18 1200 SHR SOLE 1 1200
STARBUCKS CORP. COM 855244109 1650 43200 SHR SOLE 2 43200
STARWOOD HOTELS & RESORTS COM 85590A203 2 60 SHR SOLE 1 60
STATE STREET BOSTON COM 857477103 25 240 SHR SOLE 1 240
STERLING BANCORP COM 859158107 6 400 SHR SOLE 1 400
STORAGE NETWORKS COM 86211E103 63 700 SHR SOLE 2 700
SUMMIT BANCORP COM 866005101 105 4250 SHR SOLE 1 4250
SUN MICROSYSTEMS INC COM 866810104 17770 195408 SHR SOLE 1,2 195408
SUPERVALUE INC COM 868536103 70 3664 SHR SOLE 2 3664
SYSCO CORP. COM 871829107 540 12810 SHR SOLE 1,2 12810
TCI INTL INC COM 872293105 14 2000 SHR SOLE 2 2000
TALISMAN ENERGY INC. COM 87425E103 7 200 SHR SOLE 1 200
TARGET CORP COM 87612E100 536 9247 SHR SOLE 2 9247
TARGET CORPORATION COM 87612E106 12 200 SHR SOLE 1 200
TEKELEC COM 879101103 6783 140764 SHR SOLE 2 140764
TEKTRONIX INC COM 879131100 131 1770 SHR SOLE 2 1770
TELECOM NEW ZEALAND ADR 879278208 17 600 SHR SOLE 1 600
TELECOM ITALIA SPA ADR 87927W106 2111 15345 SHR SOLE 2 15345
TELECORP PCS INC COM 879299105 294 7300 SHR SOLE 2 7300
TELEFONICA ADR 879382208 798 12457 SHR SOLE 1 12457
TELEFONOS DE MEXICO ADR 879403780 2742 48000 SHR SOLE 2 48000
TELLABS, INC. COM 879664100 6227 90981 SHR SOLE 2 90981
TENET HEALTHCARE CORP. COM 88033G100 8937 330990 SHR SOLE 2 330990
TERADYNE INC COM 880770102 515 7000 SHR SOLE 2 7000
TETRA TECHNOLOGIES, INC. COM 88162F105 3133 220800 SHR SOLE 1,2 220800
TEXACO INC. COM 881694103 1623 30483 SHR SOLE 1 30483
TEXAS INSTRUMENTS, INC. COM 882508104 16276 236956 SHR SOLE 1,2 236956
TXU CORPORATION COM 882848104 7 250 SHR SOLE 1 250
THERMO ELECTRON CORP COM 883556102 16 750 SHR SOLE 2 750
THOMAS & BETTS CORP COM 884315102 31 1600 SHR SOLE 2 1600
3COM CORP COM 885535104 84 1460 SHR SOLE 2 1460
TIDEWATER INC. COM 886423102 6 175 SHR SOLE 1,2 175
TIME WARNER INC COM 887315109 1478 19448 SHR SOLE 2 19448
TOOTSIE ROLL INDUSTRIES, INC. COM 890516107 1596 45600 SHR SOLE 1,2 45600
TORCHMARK CORPORATION COM 891027104 22 910 SHR SOLE 1 910
TOTAL FINA SA ADR 89151E103 65 852 SHR SOLE 2 852
TOTAL FINA SA ADR 89151E109 3457 45000 SHR SOLE 2 45000
TOYOTA MOTOR CORP ADR 892331307 33 359 SHR SOLE 2 359
TRANSMATION INC COM 893757104 38 17000 SHR SOLE 2 17000
TRANSPORTATION EQUITIES NV COM 893881102 0 116 SHR SOLE 2 116
TRICON GLOBAL RESTAURANTS COM 895953107 70 2493 SHR SOLE 1,2 2493
TRITEL CLASS A COM 89675X104 148 5000 SHR SOLE 2 5000
TRUE NORTH COMMUNICATIONS COM 897844106 2370 54352 SHR SOLE 2 54352
TUPPERWARE CORP COM 899896104 18 839 SHR SOLE 2 839
TYCO INTL LTD COM 902124106 16854 355747 SHR SOLE 1,2 355747
UST INC. COM 902911106 34 2299 SHR SOLE 2 2299
UNIFIRST CORP. COM 904708104 1473 187000 SHR SOLE 2 187000
UNILEVER N V ADR 904784709 3831 89084 SHR SOLE 2 89084
UNICOM CORP COM 904911104 85 2192 SHR SOLE 2 2192
UNION CARBIDE CORP COM 905581104 67 1350 SHR SOLE 2 1350
UNION PACIFIC CORP. COM 907818108 16740 450142 SHR SOLE 1,2 450142
UNION PACIFIC RESOURCES COM 907834105 96 4370 SHR SOLE 1 4370
UNISYS CORP COM 909214108 17 1200 SHR SOLE 2 1200
US AIRWAYS GROUP INC COM 911905107 35 892 SHR SOLE 2 892
US WEST INC. COM 91273H101 898 10477 SHR SOLE 2 10477
MEDIAONE GROUP INC. COM 912889201 34 507 SHR SOLE 1 507
UNITED TECHNOLOGIES CORP COM 913017109 110 1870 SHR SOLE 2 1870
UNITEDHEATH GROUP INC COM 91324P102 8300 96792 SHR SOLE 1,2 96792
UNIVERSAL FOODS CORP. COM 913538104 1388 75000 SHR SOLE 2 75000
UNOCAL CORPORATION COM 915289102 10 300 SHR SOLE 1 300
USFREIGHTWAYS CORP COM 916906100 1105 45000 SHR SOLE 2 45000
VERITAS SOFTWARE CORP. COM 923436109 4769 42200 SHR SOLE 2 42200
VERISIGN INC COM 92343E102 530 3000 SHR SOLE 2 3000
VERTEX PHARMACEUTICALS INC COM 92532F100 158 1500 SHR SOLE 1,2 1500
VIACOM INC CL B COM 925524308 327 4800 SHR SOLE 2 4800
VICAL INC COM 925602104 19 1000 SHR SOLE 2 1000
VIGNETTE CORP COM 926734104 801 15400 SHR SOLE 2 15400
VISTEON CORP. COM 92839U107 1484 122419 SHR SOLE 1,2 122419
VITESSE SEMICONDUCTOR INC. COM 928497106 5598 76100 SHR SOLE 2 76100
VODAFONE GROUP PLC ADR 92857T107 582 14039 SHR SOLE 1,2 14039
VULCAN MATLS INC COM 929160109 15297 358344 SHR SOLE 1,2 358344
WADDELL & REED FINANCIAL COM 930059100 4922 150000 SHR SOLE 2 150000
WADDELL & REED FINANCIAL COM 930059209 5067 174350 SHR SOLE 2 174350
WAL-MART STORES INC COM 931142103 7242 125674 SHR SOLE 1,2 125674
WALGREEN CO COM 931422109 573 17816 SHR SOLE 2 17816
WASHINGTON REIT COM 939653101 5 290 SHR SOLE 2 290
WASTE SYSTEMS INTL. COM 94106P209 125 71428 SHR SOLE 2 71428
WATERS CORP. COM 941848103 662 5300 SHR SOLE 2 5300
WATSON PHARMACEUTICALS INC. COM 942683103 26303 489364 SHR SOLE 2 489364
WEBSTER FINANCIAL CORP. COM 947890109 13 608 SHR SOLE 1 608
WELLS FARGO COMPANY COM 949746101 33687 869334 SHR SOLE 1,2 869334
WEYERHAUSER COM 962166104 13070 303950 SHR SOLE 2 303950
WHIRLPOOL CORP COM 963320106 20 420 SHR SOLE 2 420
WHOLE FOODS MKT INC COM 966837106 3116 75423 SHR SOLE 2 75423
WILLAMETTE INDS INC COM 969133107 23 830 SHR SOLE 2 830
WILLIAMS COS., INC. COM 969457100 4508 108140 SHR SOLE 1,2 108140
WILMINGTON TRUST CORP. COM 971807102 1240 29000 SHR SOLE 2 29000
WIND RIVER SYSTEMS INC. COM 973149107 7600 200666 SHR SOLE 1,2 200666
WINSTAR COMMUNICATIONS INC. COM 975515107 1560 46065 SHR SOLE 2 46065
WISCONSIN ENERGY COM 976657106 153 7710 SHR SOLE 1 7710
WORLDCOM INC COM 98157D106 483 10520 SHR SOLE 2 10520
WRIGLEY (WM.) JR. CO. COM 982526105 141 1763 SHR SOLE 1,2 1763
XILINX INC. COM 983919101 681 8250 SHR SOLE 2 8250
XYBERNAUT CORP. COM 984149104 4 330 SHR SOLE 1 330
YAHOO! INC COM 984332106 1999 16140 SHR SOLE 2 16140
YOUNG & RUBICAM INC COM 987425105 61 1070 SHR SOLE 2 1070
ZURICH ALLIED AG ADR 98981P101 19 188 SHR SOLE 2 188
DAIMLERCHRYSLER AG ADR D1668R123 1041 20000 SHR SOLE 2 20000
AMDOCS LTD COM G02602103 476 6200 SHR SOLE 2 6200
MARVELL TECHNOLOGY GROUP LTD COM G5876H105 342 6000 SHR SOLE 2 6000
SANTA FE INTERNATIONAL CORP. COM G7805C108 22896 655327 SHR SOLE 2 655327
TRANSOCEAN SEDCO FOREX INC. ADR G90078109 8550 160002 SHR SOLE 1,2 160002
ASM LITHOGRAPHY HOLDING COM N07059111 490 11100 SHR SOLE 2 11100
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