UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (check only one.):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: OFFITBANK
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Address: 520 Madison Avenue, New York, New York 10022
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Form 13F File Number: 28-6928
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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:
Reporting Manager:
Name: Stephen B. Wells
Title: Managing Director
Phone: (212)350-3807
Signature, Place, and Date of Signing:
/S/ Stephen B. Wells
- ------------------------------------------
New York, New York
April 12, 2000
Report Type (Check only one):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
1
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
-
Form 13F Information Table Entry Total: 512
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Form 13F Information Table Value Total: $ 46,478,493,000 (thousands)
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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.
No. NONE
2
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<TABLE>
<CAPTION>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
3 COM CORP COMMON 885535104 28,622,000 514,550 X 0 0 X 0 0
ABBOTT LABS COMMON 2824100 224,194,000 6,371,400 X 0 0 X 0 0
ACINDAR IND ARGENTINA S.A. LOCAL COMMON 2005423 7,945,000 5,125,000 X 0 0 X 0 0
ACT MANUFACTURING INC COMMON 973107 10,320,000 184,500 X 0 0 X 0 0
ACXIOM CORP COMMON 5125109 14,996,000 451,000 X 0 0 X 0 0
ADAPTEC INC COMMON 00651F108 22,963,000 594,500 X 0 0 X 0 0
ADELPHIA COMMUNICATIONS CL A COMMON 6848105 40,180,000 820,000 X 0 0 X 0 0
ADVANCED MICRO DEVICES INC COMMON 7903107 132,185,000 2,316,500 X 0 0 X 0 0
AEGON N V ORD AMER REG 7924103 39,391,000 489,334 X 0 0 X 0 0
AES CORP COMMON 00130H105 146,908,000 1,865,500 X 0 0 X 0 0
AETNA INC COMMON 8117103 68,265,000 1,230,000 X 0 0 X 0 0
AKZO NOBEL NV SPONS ADR 10199305 7,062,000 164,000 X 0 0 X 0 0
ALAMO GROUP INC COMMON 11311107 20,972,000 1,804,000 X 0 0 X 0 0
ALBERTSONS INC COMMON 13104104 40,508,000 1,312,000 X 0 0 X 0 0
ALCOA INC COMMON 13817101 37,443,000 533,000 X 0 0 X 0 0
ALDILA INC COMMON 14384101 675,000 348,500 X 0 0 X 0 0
ALLIANT ENERGY CORP COMMON 18802108 6,240,000 205,000 X 0 0 X 0 0
ALLSTATE CORP COMMON 20002101 30,915,000 1,298,264 X 0 0 X 0 0
ALLSTATE FINANCING I PFD 7.950% 20013207 9,225,000 410,000 X 0 0 X 0 0
ALTERA CORP COMMON 21441100 40,252,000 451,000 X 0 0 X 0 0
ALZA CORP COMMON 22615108 58,445,000 1,555,950 X 0 0 X 0 0
AMERCO INC SER A PFD 8.500% 23586209 5,176,000 205,000 X 0 0 X 0 0
AMERICA ONLINE INC COMMON 02364J104 105,068,000 1,558,000 X 0 0 X 0 0
AMERICAN EXPRESS CO COMMON 25816109 119,228,000 800,525 X 0 0 X 0 0
AMERICAN GEN CORP COMMON 26351106 8,629,000 153,750 X 0 0 X 0 0
AMERICAN GENL CAP PFD 8.125% 02637F301 4,818,000 205,000 X 0 0 X 0 0
AMERICAN HOME PRODS CORP COMMON 26609107 73,715,000 1,371,450 X 0 0 X 0 0
AMERICAN INTL GROUP INC COMMON 26874107 384,571,000 3,512,060 X 0 0 X 0 0
AMERICAN TEL & TELEG CO COMMON 3017710 2,750,000 48,175 X 0 0 X 0 0
AMERICAN TOWER CORP CL A COMMON 29912201 50,609,000 1,025,000 X 0 0 X 0 0
AMERICREDIT CORP COMMON 03060R101 3,344,000 205,000 X 0 0 X 0 0
Page 1
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
AMFM INC COMMON 1693100 16,556,000 266,500 X 0 0 X 0 0
AMKOR TECHNOLOGIES INC COMMON 31652100 9,571,000 922,500 X 0 0 X 0 0
AMSOUTH BANCORPORATION COMMON 32165102 84,345,000 5,646,520 X 0 0 X 0 0
ANALOG DEVICES INC COMMON 32654105 66,670,000 828,200 X 0 0 X 0 0
ANTARCTICA DO NORDESTE-PREF 2039615 69,570,000 562,052,805 X 0 0 X 0 0
APACHE CORP 37411105 12,239,000 246,000 X 0 0 X 0 0
APPLE COMPUTER INC COMMON 37833100 66,820,000 492,000 X 0 0 X 0 0
APPLIED MATERIALS INC COMMON 38222105 115,928,000 1,230,000 X 0 0 X 0 0
ARCHER DANIELS MIDLAND CO COMMON 39483102 31,711,000 3,075,000 X 0 0 X 0 0
AREMISSOFT CORP DEL COMMON 40026106 8,364,000 246,000 X 0 0 X 0 0
ARIBA INC COMMON 04033V104 3,868,000 18,450 X 0 0 X 0 0
ARMSTRONG WORLD INDS INC COMMON 42476101 25,651,000 1,435,000 X 0 0 X 0 0
ASSOCIATES FIRST CAP CORP CL A COMMON 46008108 40,751,000 1,906,500 X 0 0 X 0 0
AT & T CORP COMMON 1957109 99,614,000 1,768,945 X 0 0 X 0 0
AT&T CORP-LIBERTY MEDIA CL A COMMON 1957208 281,397,000 4,744,315 X 0 0 X 0 0
ATLANTIC RICHFIELD CO COMMON 48825103 81,723,000 961,450 X 0 0 X 0 0
ATMEL CORP COMMON 49513104 171,447,000 3,321,000 X 0 0 X 0 0
AUTOLIV INC COMMON 52800109 16,224,000 540,790 X 0 0 X 0 0
AUTOMATIC DATA PROCESSING COMMON 53015103 39,565,000 820,000 X 0 0 X 0 0
AVERY DENNISON CORP COMMON 53611109 120,171,000 1,968,000 X 0 0 X 0 0
BANCO ESTADO DE SAO PAOLO LOCAL PN 2074296 56,839,000 1,414,500 X 0 0 X 0 0
BANCO GALICIA BUENOS AIRES SPONS ADR 59538207 277,517,000 13,704,543 X 0 0 X 0 0
BANCO ITAU S.A. LOCAL PN 2459581 391,035,000 4,413,650 X 0 0 X 0 0
BANK AMER CORP COMMON 60505104 162,127,000 3,091,811 X 0 0 X 0 0
BANK OF AMERICA CORP COMMON 60505104 97,285,000 1,855,250 X 0 0 X 0 0
BANK OF NEW YORK INC COMMON 64057102 85,203,000 2,050,000 X 0 0 X 0 0
BANK ONE CORP COMMON NEW 06423A103 207,453,000 6,034,995 X 0 0 X 0 0
BANK UNITED TEXAS PFD 10.120 SER A 65414203 2,627,000 102,500 X 0 0 X 0 0
BARBEQUES GALORE LTD SPONS ADR 67091108 10,378,000 1,025,000 X 0 0 X 0 0
BARCLAYS BK PLC PFD 11.250% 06738C505 5,215,000 205,000 X 0 0 X 0 0
BELL ATLANTIC CORP COMMON 77853109 97,589,000 1,596,540 X 0 0 X 0 0
Page 2
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP COMMON 79860102 90,136,000 1,922,900 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC CL B COMMON 84670207 33,579,000 18,450 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC DEL COMMON 84670108 70,356,000 1,230 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC DEL CL A COMMON 84670108 70,356,000 1,230 X 0 0 X 0 0
BESTFOODS COMMON 08658U101 62,358,000 1,332,090 X 0 0 X 0 0
BJS WHSL CLUB INC COMMON 05548J106 39,334,000 1,025,000 X 0 0 X 0 0
BOSTON CELTICS LTD PTRSP COMMON 100576107 - 10,250 X 0 0 X 0 0
BOTTS NOMINEE - BOTTS 999999999 66,070,000 66,069,817 X 0 0 X 0 0
BOWATER INC COMMON 102183100 13,130,000 246,000 X 0 0 X 0 0
BP AMOCO PLC ADR SPONSORED 55622104 165,949,000 3,116,409 X 0 0 X 0 0
BRADESCO LOCAL PN 2074520 152,347,000 18,534,834 X 0 0 X 0 0
BRADY ENERGY CORP PFD SER B 104686308 - 6,150 X 0 0 X 0 0
BRINKER INTL INC COMMON 109641100 8,520,000 287,000 X 0 0 X 0 0
BRISTOL-MYERS SQUIBB CO COMMON 110122108 58,558,000 1,009,625 X 0 0 X 0 0
BROADCOM CORP CL A COMMON 111320107 46,304,000 190,650 X 0 0 X 0 0
BROADVISION INC COMMON 111412102 4,830,000 107,625 X 0 0 X 0 0
BROCADE COMMUNICATIONS SYS I COMMON 111621108 62,490,000 348,500 X 0 0 X 0 0
BROWN FORMAN CORP CL A COMMON 115637100 7,957,000 153,750 X 0 0 X 0 0
BT PFD CAP TRUST I PFD 8.125% 55839203 4,715,000 205,000 X 0 0 X 0 0
CALIFORNIA COASTAL CMNTYS IN COMMON 129915104 - 66 X 0 0 X 0 0
CANDELA LASER CORP COMMON 136907102 5,919,000 430,500 X 0 0 X 0 0
CAPITAL ONE FINL CORP COMMON 14040H105 35,378,000 738,000 X 0 0 X 0 0
CAPITAL SOUTHWEST CORP COMMON 14050110 39,283,000 717,500 X 0 0 X 0 0
CARDINAL HEALTH INC COMMON 14149Y108 11,285,000 246,000 X 0 0 X 0 0
CARSO GLOBAL TELECOM LOCAL SER A1 2178336 149,481,000 48,619,440 X 0 0 X 0 0
CATELLUS DEV CORP COMMON 149111106 25,599,000 1,845,000 X 0 0 X 0 0
CATERPILLAR INC COMMON 149123101 61,427,000 1,557,590 X 0 0 X 0 0
CBRL GROUP INC COMMON 12489V106 20,500,000 2,050,000 X 0 0 X 0 0
CBS CORP COMMON 12490K107 234,600,000 4,143,050 X 0 0 X 0 0
CELLCOM CORP NEW COMMON 151154309 103,000 410,000 X 0 0 X 0 0
CEMEX SA SPONS ADR
REPRESENTS 5 CPO 151290889 269,953,000 11,931,615 X 0 0 X 0 0
Page 3
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP COMMON 151313103 47,027,000 2,542,000 X 0 0 X 0 0
CENTAUR FUNDING CORP PFD 9.08%
04/21/20 144A 151327202 533,800,000 24,600,000 X 0 0 X 0 0
CENTEX CORP COMMON 152312104 15,621,000 656,000 X 0 0 X 0 0
CENTRAL & SOUTH WEST CORP 152357109 9,479,000 553,500 X 0 0 X 0 0
CENTRAL NEWSPAPERS INC CL A COMMON 154647101 13,709,000 410,000 X 0 0 X 0 0
CHASE MANHATTAN CORP COMMON 16161A108 87,365,000 1,002,040 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 34,746,000 398,520 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW PFD C 10.84% 16161A884 2,774,000 102,500 X 0 0 X 0 0
CHASE PFD CAP CORP PFD 8.10% 161637202 4,856,000 205,000 X 0 0 X 0 0
CHEVRON CORP COMMON 166751107 18,950,000 205,000 X 0 0 X 0 0
CHITTENDEN CORP COMMON 170228100 199,692,000 6,726,460 X 0 0 X 0 0
CHUBB CORP COMMON 171232101 41,551,000 615,000 X 0 0 X 0 0
CIA ENERGETICA DE BRASILIA ON 2181185 4,422,000 455,100 X 0 0 X 0 0
CIA PARANAENSE DE ENERGIA PN B 2200154 74,146,000 8,794,500 X 0 0 X 0 0
CIA SIDERURGICA NATL LOCAL ON 2210261 186,948,000 5,309,500 X 0 0 X 0 0
CIE FINANC RICHEMONT-UTS A COMMON 4738211 10,152,000 5,125 X 0 0 X 0 0
CIENA CORP COMMON 171779101 35,681,000 282,900 X 0 0 X 0 0
CIRCUIT CITY STORE INC COMMON 172737108 55,845,000 917,375 X 0 0 X 0 0
CISCO SYSTEMS INC COMMON 17275R102 518,233,000 6,703,090 X 0 0 X 0 0
CITIGROUP INC COMMON 172967101 575,926,000 9,618,805 X 0 0 X 0 0
CK WITCO CORP COMMON 12562C108 13,028,000 1,278,790 X 0 0 X 0 0
CLEAR CHANNEL COMM COMMON 184502102 16,735,000 242,310 X 0 0 X 0 0
CLEVELAND ELEC ILLUM CO PFD $90 SER S 186108676 30,795,000 30,340 X 0 0 X 0 0
CMGI INC COMMON 125750109 4,414,000 38,950 X 0 0 X 0 0
CNF TRANSPORTATION INC COMMON 12612W104 18,773,000 676,500 X 0 0 X 0 0
COCA COLA CO COMMON 191216100 96,222,000 2,050,000 X 0 0 X 0 0
COCA-COLA FEMSA S.A. SPONS ADR 191241108 110,735,000 5,965,500 X 0 0 X 0 0
COGNOS INC COMMON 19244C109 7,695,000 123,000 X 0 0 X 0 0
COLGATE PALMOLIVE CO COMMON 194162103 80,436,000 1,426,800 X 0 0 X 0 0
COMC INC COMMON 12614F109 36,000 20,500 X 0 0 X 0 0
COMCAST CORP SPCL CL A COMMON 200300200 17,784,000 410,000 X 0 0 X 0 0
Page 4
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
COMDISCO INC COMMON 200336105 18,091,000 410,000 X 0 0 X 0 0
COMED FINANCING I PFD 8.480% 20033V209 4,664,000 205,000 X 0 0 X 0 0
COMERICA INC COMMON 200340107 88,196,000 2,106,170 X 0 0 X 0 0
COMPAQ COMPUTER CORP COMMON 204493100 14,806,000 553,500 X 0 0 X 0 0
COMVERSE TECHNOLOGY INC COMMON 205862402 29,059,000 153,750 X 0 0 X 0 0
CON EDISON OF NY PFD 7.750% 209111848 4,574,000 205,000 X 0 0 X 0 0
CONOCO INC CL B COMMON 208251405 74,316,000 2,900,135 X 0 0 X 0 0
CONSOL FREIGHTWAYS CORP COMMON 209232107 484,000 82,000 X 0 0 X 0 0
CONVERGYS CORP COMMON 212485106 14,276,000 369,000 X 0 0 X 0 0
CORNING INC COMMON 219350105 52,496,000 270,600 X 0 0 X 0 0
CORP INTERAMERICANA LOCAL B SHARES 2224347 161,451,000 32,172,495 X 0 0 X 0 0
COVAD COMMUNICATIONS GROUP COMMON 222814204 3,641,000 50,225 X 0 0 X 0 0
CRAWFORD & CO CL B COMMON 224633107 485,903,000 193,079,865 X 0 0 X 0 0
CRAWFORD & CO CL A COMMON 224633206 278,678,000 207,152,500 X 0 0 X 0 0
CROWN CORK & SEAL INC COMMON 228255105 39,950,000 2,496,900 X 0 0 X 0 0
CVRD LOCAL PN A 2257127 489,240,000 18,019,500 X 0 0 X 0 0
CVS CORP COMMON 126650100 4,343,000 115,620 X 0 0 X 0 0
CYPRESS SEMICONDUCTOR CORP COMMON 232806109 4,039,000 82,000 X 0 0 X 0 0
CYTEC INDS INC COMMON 23282010 31,391,000 1,025,000 X 0 0 X 0 0
D R HORTON INC COMMON 23331A109 26,778,000 2,050,000 X 0 0 X 0 0
DARDEN RESTAURANTS INC COMMON 237194105 14,606,000 820,000 X 0 0 X 0 0
DECRANE HOLDINGS-CW08 WTS EXP 09/30/08 243662111 - 512,500 X 0 0 X 0 0
DELL COMPUTER CORP COMMON 247025109 82,929,000 1,537,500 X 0 0 X 0 0
DELPHI AUTOMOTIVE SYS CORP COMMON 247126105 - 1 X 0 0 X 0 0
DIAGEO PLC COMMON 237400 10,141,000 1,353,000 X 0 0 X 0 0
DIAL CORP NEW COMMON 25247D101 28,188,000 2,050,000 X 0 0 X 0 0
DIGITAL MICROWAVE CORP COMMON 253859102 5,556,000 164,000 X 0 0 X 0 0
DILLARDS INC CL A COMMON 254067101 43,806,000 2,665,000 X 0 0 X 0 0
DIME BANCORP INC NEW COMMON 25429Q102 18,963,000 1,025,000 X 0 0 X 0 0
DIMON INC 254394109 1,461,000 615,000 X 0 0 X 0 0
DITECH COMM CORP COMMON 25500M103 10,871,000 102,500 X 0 0 X 0 0
Page 5
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
DOLE FOOD INC COMMON 256605106 23,908,000 1,230,000 X 0 0 X 0 0
DONALDSON LUFKIN&JENRETT COMMON NEW 257661108 5,304,000 102,500 X 0 0 X 0 0
DONNELLEY R R & SONS CO COMMON 257867101 41,634,000 1,988,500 X 0 0 X 0 0
DOVER CORP COMMON 260003108 9,814,000 205,000 X 0 0 X 0 0
DOW CHEMICAL COMMON 260543103 191,634,000 1,681,000 X 0 0 X 0 0
DU PONT E I DE NEMOURS COMMON 263534109 53,729,000 1,014,955 X 0 0 X 0 0
DUKE PWR CO COMMON 264399106 9,417,000 179,375 X 0 0 X 0 0
DYNEGY INC NEW CL A COMMON 26816Q101 9,002,000 143,500 X 0 0 X 0 0
EASTERN AIR LINE PFD $3.24 276191863 4,484,000 417,585 X 0 0 X 0 0
EASTERN STAINLESS CORP COMMON CL B 277044202 1,000 18,040 X 0 0 X 0 0
EASTMAN CHEM CO COMMON 277432100 3,666,000 80,565 X 0 0 X 0 0
EASTMAN KODAK CO COMMON 277461109 80,677,000 1,485,430 X 0 0 X 0 0
EATON CORP COMMON 278058102 104,255,000 1,336,600 X 0 0 X 0 0
ELAN CORP PLC SPONS ADR 284131208 23,370,000 492,000 X 0 0 X 0 0
ELECTRONIC DATA SYS CORP COMMON 285661104 32,896,000 512,500 X 0 0 X 0 0
EMBRATEL PARTICIPACOE-PREF LOCAL 2292559 365,901,000 14,417,650 X 0 0 X 0 0
EMBRATEL PARTICIPACOES S A ADR SPON REP PF 29081N100 97,183,000 3,792,500 X 0 0 X 0 0
EMC CORP/MASS COMMON 268648102 414,313,000 3,288,200 X 0 0 X 0 0
EMERSON ELEC CO COMMON 291011104 65,344,000 1,230,000 X 0 0 X 0 0
ENGELHARD CORP COMMON 292845104 13,361,000 883,345 X 0 0 X 0 0
ENHANCE FINL SVCS GROUP INC COMMON 293310108 36,195,000 2,562,500 X 0 0 X 0 0
ENRON CORP COMMON 293561106 69,379,000 926,600 X 0 0 X 0 0
ENZO BIOCHEM INC COMMON 294100102 101,428,000 1,459,395 X 0 0 X 0 0
EQUITY RESIDENT PROP PFD 9.125% 29476L305 4,638,000 205,000 X 0 0 X 0 0
EXODUS COMMUNICATIONS INC COMMON 302088109 48,964,000 348,500 X 0 0 X 0 0
EXXON MOBIL CORP COMMON 30231G102 305,164,000 3,915,500 X 0 0 X 0 0
FABRICA TECIDO RENAUX PN 2329974 113,560,000 325,694,775 X 0 0 X 0 0
FAIRCHILD SEMICONDUCTOR INTL CL A COMMON 303726103 18,706,000 512,500 X 0 0 X 0 0
FED DEPT STORES WTS D EXP
12/19/01 31410H127 2,591,000 153,545 X 0 0 X 0 0
FEDERAL NATL MTG ASSN COMMON 313586109 13,914,000 246,000 X 0 0 X 0 0
FEDERATED DEPT STORES INC COMMON 31410H107 1,299,000 30,750 X 0 0 X 0 0
Page 6
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC COMMON 31410H101 6,487,000 153,545 X 0 0 X 0 0
FEDL HOME LN MTG CORP COMMON 313400301 39,449,000 892,775 X 0 0 X 0 0
FIFTH THIRD BANCORP COMMON 316773100 40,941,000 649,850 X 0 0 X 0 0
FILENET CORP COMMON 316869106 6,099,000 205,000 X 0 0 X 0 0
FINOVA GROUP INC COMMON 317928109 27,573,000 1,640,000 X 0 0 X 0 0
FIRST AMERICAN FINL CORP COMMON 318522307 42,858,000 3,075,000 X 0 0 X 0 0
FIRST DATA CORP COMMON 319963104 26,381,000 594,500 X 0 0 X 0 0
FIRST PHILIPPINE HOLDGS COMMON 6339979 2,452,000 2,460,000 X 0 0 X 0 0
FIRST TENN NATL CORP COMMON 337162101 43,931,000 2,162,750 X 0 0 X 0 0
FIRST TENN NATL CORP COMMON 337162101 47,404,000 2,333,720 X 0 0 X 0 0
FIRST UNION CORP COMMON 337358105 128,190,000 3,441,335 X 0 0 X 0 0
FISHER COS INC COMMON 337756209 410,308,000 6,564,920 X 0 0 X 0 0
FLEETBOSTON FINL CORP COMMON 339030108 105,496,000 2,890,295 X 0 0 X 0 0
FOOTSTAR INC COMMON 344912100 52,121,000 1,845,000 X 0 0 X 0 0
FOREST LABATORIES INC COMMON 345838106 9,404,000 205,000 X 0 0 X 0 0
FOUNDATION HEALTH SYS INC COMMON 350404109 24,600,000 3,075,000 X 0 0 X 0 0
FREEPORT MCMORAN COPPER CL A COMMON 35671D105 17,333,000 1,558,000 X 0 0 X 0 0
FREEPORT MCMORAN COPR&GOLD CL B COMMON 35671D857 8,408,000 697,000 X 0 0 X 0 0
FREMONT GEN FING I PFD 9% 356905208 3,383,000 205,000 X 0 0 X 0 0
G&G RETAIL-WT06 WTS EXP 05/15/06 36146P111 - 512,500 X 0 0 X 0 0
GALACTIC RESOURCES LTD COMMON 362903106 - 307,500 X 0 0 X 0 0
GALILEO INTL INC COMMON 363547100 44,395,000 1,845,000 X 0 0 X 0 0
GANNETT INC COMMON 364730101 109,385,000 1,554,310 X 0 0 X 0 0
GAP INC COMMON 364760108 86,798,000 1,742,500 X 0 0 X 0 0
GARDNER NOMINEE - GARDNER 999999999 349,586,000 3,723,411 X 0 0 X 0 0
GARTNER GROUP INC NEW CL B COMMON 366651206 532,000 39,975 X 0 0 X 0 0
GATX CORP COMMON 361448103 31,160,000 820,000 X 0 0 X 0 0
GENENTECH INC COMMON NEW 368710406 31,160,000 205,000 X 0 0 X 0 0
GENERAL ELEC CO COMMON 369604103 136,900,000 7,305,380 X 0 0 X 0 0
GENERAL GROWTH PPTYS INC REIT 370021107 31,822,000 1,045,500 X 0 0 X 0 0
GENERAL MILLS INC COMMON 370334104 37,092,000 1,025,000 X 0 0 X 0 0
Page 7
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP CL H COMMON NEW 370442832 84,224,000 676,500 X 0 0 X 0 0
GENUINE PARTS CO COMMON 372460105 13,704,000 574,000 X 0 0 X 0 0
GENZYME CORP-GEN DIV COMMON 372917104 63,709,000 1,271,000 X 0 0 X 0 0
GERDAU S A SPONS ADR 373737105 87,945,000 3,382,500 X 0 0 X 0 0
GERDAU S.A. LOCAL PN 2160407 93,835,000 3,608,000 X 0 0 X 0 0
GILLETTE CO COMMON 375766102 54,854,000 1,455,500 X 0 0 X 0 0
GLOBAL CROSSING LTD COMMON G3921A100 28,533,000 697,000 X 0 0 X 0 0
GLOBO CABO SA SPONS ADR 37957X102 246,769,000 13,161,000 X 0 0 X 0 0
GOLDFIELDS LIMITED COMMON 6370008 7,000 11,685 X 0 0 X 0 0
GREAT ATLANTIC & PAC TEA COMMON 390064103 600,000 30,750 X 0 0 X 0 0
GREAT LAKES CHEM CORP COMMON 390568103 13,940,000 410,000 X 0 0 X 0 0
GRUPO FINANCIERO BANAMEX LOCAL O 2401300 46,912,000 10,250,000 X 0 0 X 0 0
GRUPO FINANCIERO BANCOMER LOCAL SERIES
O SHARES 2402875 45,693,000 80,975,000 X 0 0 X 0 0
GRUPO INDUSTRIAL BIMBO LOCAL A 2392471 64,238,000 38,484,650 X 0 0 X 0 0
GRUPO MODELO S.A. LOCAL C 2380539 132,365,000 61,828,000 X 0 0 X 0 0
GRUPO TELEVISA S.A. DE C.V. SPONS ADR 40049J206 359,652,000 5,289,000 X 0 0 X 0 0
GTE CORP COMMON 362320103 63,140,000 889,290 X 0 0 X 0 0
GUESS INC COMMON 401617105 13,120,000 410,000 X 0 0 X 0 0
GUEST SUPPLY INC COMMON 401630108 548,000 30,750 X 0 0 X 0 0
GUIDANT CORP COMMON 401698105 49,484,000 840,500 X 0 0 X 0 0
HANNAFORD BROS CO COMMON 410550107 217,710,000 2,952,000 X 0 0 X 0 0
HARTE HANKS COMMUNICATIONS COMMON 416196103 44,649,000 1,968,000 X 0 0 X 0 0
HARTFORD CAP I PFD SER A 7.7% 416315208 4,433,000 205,000 X 0 0 X 0 0
HARTFORD FINL SVCS GRP COMMON 416515104 49,743,000 943,000 X 0 0 X 0 0
HASBRO INC COMMON 418056107 11,788,000 410,000 X 0 0 X 0 0
HAYES LEMMERZ INTL INC COMMON 420781106 7,841,000 410,000 X 0 0 X 0 0
HEALTHGRADES COM INC COMMON 42222R104 500,000 205,000 X 0 0 X 0 0
HEALTHSOUTH CORP COMMON 421924101 24,485,000 4,305,000 X 0 0 X 0 0
HEINEKEN HOLDING NV CL A COMMON 5458154 13,224,000 410,000 X 0 0 X 0 0
HERSHEY FOODS CORP COMMON 427866108 14,991,000 307,500 X 0 0 X 0 0
HEWLETT PACKARD CO COMMON 428236103 321,919,000 2,428,430 X 0 0 X 0 0
Page 8
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COMMON 437076102 158,009,000 2,449,750 X 0 0 X 0 0
HONEYWELL INTL INC COMMON 438516106 12,000,000 227,755 X 0 0 X 0 0
HOOPER HOLMES INC COMMON 439104100 11,958,000 348,500 X 0 0 X 0 0
HUSSMANN INTL INC COMMON 448110106 26,009,000 2,050,000 X 0 0 X 0 0
HYLSAMEX S.A. LOCAL BCP 2432054 58,016,000 24,600,000 X 0 0 X 0 0
I2 TECHNOLOGIES INC COMMON 465754109 501,000 4,100 X 0 0 X 0 0
ICN PHARMACEUTICAL INC NEW COMMON 448924100 17,317,000 635,500 X 0 0 X 0 0
IKON OFFICE SOLUTIONS INC COMMON 451713101 12,684,000 2,050,000 X 0 0 X 0 0
ILLINOIS TOOL WKS INC COMMON 452308109 23,785,000 430,500 X 0 0 X 0 0
ILUKA RESOURCES LTD COMMON 6957575 - 18,655 X 0 0 X 0 0
IMC GLOBAL INC COMMON 449669100 24,088,000 1,640,000 X 0 0 X 0 0
IMMUNEX CORP NEW COMMON 452528102 40,302,000 635,295 X 0 0 X 0 0
IMS HEALTH INC COMMON 449934108 26,389,000 1,558,000 X 0 0 X 0 0
IN FOCUS SYS INC COMMON 452919103 11,012,000 307,500 X 0 0 X 0 0
INFINITY BROADCASTING CORP CL A COMMON 45662S102 20,574,000 635,500 X 0 0 X 0 0
INFONET SVCS CORP CL B COMMON 45666T106 12,523,000 553,500 X 0 0 X 0 0
INTEGRATED DEVICE TECH INC COMMON 458118106 21,120,000 533,000 X 0 0 X 0 0
INTEGRATED SILICON SOLUTION COMMON 45812P107 14,422,000 492,000 X 0 0 X 0 0
INTEL CORP COMMON 458140100 488,202,000 3,700,250 X 0 0 X 0 0
INTERDIGITAL COMM GROUP RESTRICTED 45866A915 4,613,000 1,025,000 X 0 0 X 0 0
INTERTAN INC COMMON 461120107 6,342,000 461,250 X 0 0 X 0 0
INTIMATE BRANDS INC CL A COMMON 461156101 5,910,000 143,500 X 0 0 X 0 0
INTL BUSINESS MACHINES COMMON 459200101 257,445,000 10,656,310 X 0 0 X 0 0
INTL BUSINESS MACHINES PFD 7.500% 459200309 5,215,000 205,000 X 0 0 X 0 0
INTL CABLETEL WTS 459216115 - 43,050 X 0 0 X 0 0
INTL GAME TECHNOLOGY COMMON 459902102 22,230,000 1,025,000 X 0 0 X 0 0
INTUIT INC COMMON 461202103 7,134,000 131,200 X 0 0 X 0 0
ITT INDUSTRIES INC COMMON 450911102 14,646,000 471,500 X 0 0 X 0 0
JDS UNIPHASE CORP COMMON 46612J101 110,230,000 914,300 X 0 0 X 0 0
JEFFERSON PILOT CORP COMMON 475070108 8,187,000 123,000 X 0 0 X 0 0
JOHNSON & JOHNSON COMMON 478160104 541,473,000 7,707,795 X 0 0 X 0 0
Page 9
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
JPS TEXTILES GRP INC CL A 4.66E+112 70,000 147,600 X 0 0 X 0 0
JUNIPER NETWORKS INC COMMON 48203R104 9,725,000 36,900 X 0 0 X 0 0
K MART CORP COMMON 482584109 34,754,000 3,587,500 X 0 0 X 0 0
KENDLE INTL INC COMMON 48880L107 50,161,000 4,612,500 X 0 0 X 0 0
KENT ELECTRONICS CORP COMMON 490553104 8,975,000 307,500 X 0 0 X 0 0
KEY ENERGY SVCS INC COMMON 492914106 7,585,000 656,000 X 0 0 X 0 0
KEYCORP 493267108 87,762,000 4,619,060 X 0 0 X 0 0
KEYSPAN CORP PFD SER AA 7.95 49337W209 67,291,000 2,665,000 X 0 0 X 0 0
KIMBERLY CLARK CORP COMMON 494368103 90,288,000 1,610,480 X 0 0 X 0 0
KIMBERLY CLARK DE MEXICO CL A COMMON
LOCAL 2491914 52,900,000 15,375,000 X 0 0 X 0 0
KROGER CO COMMON 501044101 5,040,000 287,000 X 0 0 X 0 0
LAM RESEARCH CORP COMMON 512807108 8,314,000 184,500 X 0 0 X 0 0
LANDMARK LANDMARK -
NOMINEE 999999999 320,508,000 324,508,645 X 0 0 X 0 0
LANDS END INC COMMON 515086106 10,055,000 164,000 X 0 0 X 0 0
LANIER WORLDWIDE INC COMMON 51589L105 16,913,000 8,200,000 X 0 0 X 0 0
LASALLE RE HLDGS LTD COMMON G5383Q101 27,022,000 1,947,500 X 0 0 X 0 0
LATTICE SEMICONDUCTOR CORP COMMON 518415104 18,039,000 266,500 X 0 0 X 0 0
LIBERTY FINL COS INC COMMON 530512102 51,988,000 2,624,000 X 0 0 X 0 0
LILLY ELI & CO COMMON 532457108 38,514,000 615,000 X 0 0 X 0 0
LINCOLN NATL CAP I PFD 8.750% 534177209 4,792,000 205,000 X 0 0 X 0 0
LINCOLN NATL CAPITAL II PFD 8.350% 534178207 4,613,000 205,000 X 0 0 X 0 0
LIZ CLAIBORNE INC COMMON 539320101 26,296,000 574,000 X 0 0 X 0 0
LOEWS CORP COMMON 540424108 13,325,000 266,500 X 0 0 X 0 0
LORAL SPACE & COMM COMMON G56462107 30,700,000 3,013,500 X 0 0 X 0 0
LOWES COS INC COMMON 548661107 1,316,000 22,550 X 0 0 X 0 0
LSI LOGIC CORP COMMON 502161102 78,907,000 1,086,500 X 0 0 X 0 0
LTX CORP COMMON 502392103 16,674,000 369,000 X 0 0 X 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 126,045,000 2,032,985 X 0 0 X 0 0
MALLINCKRODT INC NEW COMMON 561232109 29,469,000 1,025,000 X 0 0 X 0 0
MARSH & MCLENNAN COS INC COMMON 571748102 94,527,000 856,900 X 0 0 X 0 0
MARTIN MARIETTA MTLS INC COMMON 573284106 9,738,000 205,000 X 0 0 X 0 0
Page 10
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
MBIA INC COMMON 55262C100 51,230,000 984,000 X 0 0 X 0 0
MCDONALDS CORP COMMON 580135101 71,255,000 1,906,500 X 0 0 X 0 0
MCI CAP I PFD 8.000% 55267Y206 4,613,000 205,000 X 0 0 X 0 0
MCI WORLDCOM INC COMMON 55268B106 124,724,000 2,752,535 X 0 0 X 0 0
MEDIAONE FING A PFD 7.960% 583937206 4,715,000 205,000 X 0 0 X 0 0
MEDIAONE GROUP INC COMMON 58440J104 14,778,000 182,450 X 0 0 X 0 0
MEDTRONIC INC COMMON 585055106 234,704,000 4,562,890 X 0 0 X 0 0
MENTOR CORP MINN COMMON 587188103 9,963,000 369,000 X 0 0 X 0 0
MERCK & CO INC COMMON 589331107 497,760,000 24,108,820 X 0 0 X 0 0
MERRILL LYNCH & CO INC COMMON 590188108 43,050,000 410,000 X 0 0 X 0 0
MERRILL LYNCH PFD CAP PFD 7.750% 589977206 9,533,000 410,000 X 0 0 X 0 0
METALURGICA GERDAU S.A. PN 2581138 46,871,000 1,025,000 X 0 0 X 0 0
METTLER-TOLEDO INTL INC COMMON 592688105 10,910,000 266,500 X 0 0 X 0 0
MICROCHIP TECHNOLOGY INC COMMON 595017104 24,936,000 379,250 X 0 0 X 0 0
MICRON TECHNOLOGY INC COMMON 595112103 30,996,000 246,000 X 0 0 X 0 0
MICROSOFT CORP COMMON 594918104 589,793,000 5,550,990 X 0 0 X 0 0
MILLENNIUM INORGANIC PN A 2886554 19,653,000 859,565 X 0 0 X 0 0
MILLENNIUM INORGANIC PN B 2886543 40,693,000 1,582,395 X 0 0 X 0 0
MILLIPORE CORP COMMON 601073109 2,314,000 41,000 X 0 0 X 0 0
MINNESOTA MNG & MFG CO COMMON 604059105 40,849,000 461,250 X 0 0 X 0 0
MINNESOTA PWR & LT CO COMMON 604110106 6,816,000 410,000 X 0 0 X 0 0
MODIS PROFESSIONAL SVCS INC COMMON 607830106 3,805,000 307,500 X 0 0 X 0 0
MOLEX INC COMMON 608554101 15,055,000 256,250 X 0 0 X 0 0
MONTANA PWR CO COMMON 612085100 32,800,000 512,500 X 0 0 X 0 0
MORGAN J P & CO INC COMMON 616880100 315,435,000 2,394,195 X 0 0 X 0 0
MORGAN ST DN WTTR & CO COMMON NEW 617446448 195,820,000 2,362,830 X 0 0 X 0 0
MORGAN STANLEY EQ GRWTH 73232471 150,386,000 3,347,863 X 0 0 X 0 0
MOS FOOD SERVICES COMMON 6605830 - 4,100 X 0 0 X 0 0
MOTOROLA INC COMMON 620076109 333,720,000 2,285,750 X 0 0 X 0 0
MUNIHOLDINGS NEW JRSEY INSD 62626C107 23,575,000 2,050,000 X 0 0 X 0 0
NATIONAL SEMICONDUCTOR CORP COMMON 637640103 89,667,000 1,476,000 X 0 0 X 0 0
Page 11
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTL CORP NEW COMMON 6.39E+112 50,999,000 1,271,000 X 0 0 X 0 0
NCH CORP COMMON 628850109 1,858,000 41,000 X 0 0 X 0 0
NCR CORP NEW COMMON 6.29E+112 1,604,000 39,975 X 0 0 X 0 0
NEIMAN MARCUS GROUPS INC CL A COMMON 640204202 570,000 20,500 X 0 0 X 0 0
NESTLE S.A. SPONS ADR 641069406 11,022,000 123,000 X 0 0 X 0 0
NETWORK APPLIANCE INC COMMON 64120L104 7,294,000 88,150 X 0 0 X 0 0
NEW YORK TIMES CO CL A COMMON 650111107 79,220,000 1,845,000 X 0 0 X 0 0
NEWS CORP LTD SPONS ADR NEW 652487703 79,566,000 1,414,500 X 0 0 X 0 0
NEXTEL COMMUNICATIONS INC CL A COMMON 65332V103 2,583,000 17,425 X 0 0 X 0 0
NEXTEL COMMUNICATIONS INC CL A 65332V103 79,017,000 533,000 X 0 0 X 0 0
NIKE INC CL B 654106103 1,625,000 41,000 X 0 0 X 0 0
NOKIA CORP SPONS ADR 654902204 145,632,000 656,000 X 0 0 X 0 0
NOKIA CORP SPONSORED ADR 654902204 17,976,000 80,975 X 0 0 X 0 0
NORFOLK SOUTHN CORP COMMON 655844108 21,033,000 1,476,000 X 0 0 X 0 0
NORTEL NETWORKS CORP COMMON 656569100 105,903,000 840,500 X 0 0 X 0 0
NORTHERN TR CORP COMMON 665859104 157,894,000 2,337,000 X 0 0 X 0 0
NOVELL INC COMMON 670006105 23,473,000 820,000 X 0 0 X 0 0
NTL INCORPORATED COMMON 629407107 78,946,000 850,599 X 0 0 X 0 0
NUCOR CORP COMMON 670346105 10,250,000 205,000 X 0 0 X 0 0
ORACLE CORPORATION COMMON 68389X105 132,823,000 1,701,500 X 0 0 X 0 0
OTG SOFTWARE INC COMMON 671059103 4,132,000 102,500 X 0 0 X 0 0
OUTBACK STEAKHOUSE INC COMMON 689899102 9,859,000 307,500 X 0 0 X 0 0
PACIFIC TELESIS FING I PFD 7.560% 694887209 4,504,000 205,000 X 0 0 X 0 0
PACTIV CORP COMMON 695257105 26,714,000 3,075,000 X 0 0 X 0 0
PAO DE ACUAR LOCAL PN 2667771 546,635,000 15,424,815 X 0 0 X 0 0
PARAMETRIC TECHNOLOGY CORP COMMON 699173100 35,406,000 1,681,000 X 0 0 X 0 0
PAREXEL INTL CORP COMMON 699462107 29,020,000 3,075,000 X 0 0 X 0 0
PATHWAYS GROUP INC COMMON 70321D106 3,895,000 1,640,000 X 0 0 X 0 0
PC HOLDINGS S.A. SPONS ADR 693200107 106,533,000 6,220,930 X 0 0 X 0 0
PENNEY J C CO COMMON 708160106 1,220,000 82,000 X 0 0 X 0 0
PEPSICO INC COMMON 713448108 38,607,000 1,107,000 X 0 0 X 0 0
Page 12
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
PEQUOT PEQUOT - NOMINEE 999999999 92,250,000 123,000,000 X 0 0 X 0 0
PETROFLEX ON 2682354 52,360,000 678,550 X 0 0 X 0 0
PETROLEO BRASILEIRO S.A. LOCAL PN 2684532 503,849,000 1,867,550 X 0 0 X 0 0
PFIZER INC COMMON 717081103 027,412,000 28,100,170 X 0 0 X 0 0
PFIZER INC 717081103 50,219,000 1,373,500 X 0 0 X 0 0
PHARMACIA & UPJOHN INC COMMON 716941109 85,870,000 1,443,200 X 0 0 X 0 0
PHILEX MINING CORP CLASS B 71814230 892,000 378,020 X 0 0 X 0 0
PHILIP MORRIS COS INC COMMON 718154107 85,162,000 4,031,325 X 0 0 X 0 0
PHONE COM INC COMMON 71920Q100 10,868,000 66,625 X 0 0 X 0 0
PHOSPHATE RESOURCE PARTNERS COMMON 719217101 839,000 102,500 X 0 0 X 0 0
PITNEY BOWES INC COMMON 724479100 23,818,000 533,000 X 0 0 X 0 0
PITTSTON BRINK'S GROUP COMMON 725701106 45,305,000 2,665,000 X 0 0 X 0 0
PMC-SIERRA INC COMMON 69344F106 68,897,000 338,250 X 0 0 X 0 0
PNC FINANCIAL SERVICES GROUP COMMON 693475105 91,140,000 2,022,530 X 0 0 X 0 0
POTOMAC ELEC PWR CO COMMON 737679100 4,638,000 205,000 X 0 0 X 0 0
PRECISION DRILLING CORP CL A COMMON 74022D100 7,526,000 225,500 X 0 0 X 0 0
PREMIER PARKS INC NEW COMMON 740540208 43,050,000 2,050,000 X 0 0 X 0 0
PRIDE INTL INC COMMON 741932107 16,413,000 717,500 X 0 0 X 0 0
PROCTER & GAMBLE CO COMMON 742718109 93,818,000 1,660,500 X 0 0 X 0 0
PROVIDIAN FINL CORP COMMON 74406A102 96,285,000 1,111,510 X 0 0 X 0 0
QUALCOMM INC COMMON 747525103 19,284,000 129,150 X 0 0 X 0 0
QUANTUM CORP COMMON 747906303 17,989,000 1,599,000 X 0 0 X 0 0
QUANTUM CORP DLT & STORAGE COMMON 747906204 15,417,000 1,291,500 X 0 0 X 0 0
QUEST DIAGNOSTICS INC COMMON 74834L100 10,593,000 266,500 X 0 0 X 0 0
QUESTMARK QUESTMARK -
NOMINEE 999999999 73,353,000 73,352,561 X 0 0 X 0 0
QUESTOR QUESTOR -
NOMINEE 999999999 17,285,000 17,284,575 X 0 0 X 0 0
RAYONIER INC COMMON 754907103 630,000 12,915 X 0 0 X 0 0
RAYTHEON CO CL B 755111408 10,189,000 574,000 X 0 0 X 0 0
READERS DIGEST ASSN CL A COMMON 755267101 72,519,000 2,050,000 X 0 0 X 0 0
RF MICRO DEVICES INC COMMON 749941100 5,509,000 41,000 X 0 0 X 0 0
ROHM & HAAS CO COMMON 775371107 17,500,000 392,165 X 0 0 X 0 0
Page 13
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETE CO NY REG SHS 1.25 780257804 140,085,000 2,423,100 X 0 0 X 0 0
ROYAL DUTCH PETE CO NY REG N GLDR 5 780257705 10,948,000 51,250 X 0 0 X 0 0
RYDER SYS INC COMMON 783549108 39,533,000 1,742,500 X 0 0 X 0 0
SAFEWAY INC COMMON NEW 786514208 64,006,000 1,414,500 X 0 0 X 0 0
SANTA FE INTL CORP COMMON G7805C108 8,344,000 225,500 X 0 0 X 0 0
SBC COMM INC FPD 8.500% 694889205 9,968,000 410,000 X 0 0 X 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 131,210,000 3,114,770 X 0 0 X 0 0
SCHERING PLOUGH CORP COMMON 806605101 851,119,000 22,925,765 X 0 0 X 0 0
SCHLUMBERGER LTD COMMON 806857108 202,304,000 2,644,500 X 0 0 X 0 0
SCHWAB (CHARLES) CORP COMMON 806857105 29,797,000 389,500 X 0 0 X 0 0
SCHWEITZER-MAUDUIT INTL INC COMMON 808541106 3,315,000 256,250 X 0 0 X 0 0
SCIENTIFIC ATLANTA INC COMMON 808655104 18,153,000 287,000 X 0 0 X 0 0
SCIOS INC COMMON 808905103 106,000 20,500 X 0 0 X 0 0
SCOTTISH PWR PLC ADR SPONS FINAL 81013T705 2,735,000 86,305 X 0 0 X 0 0
SCRIPPS E W CO OHIO CL A COMMON 811054204 14,914,000 307,500 X 0 0 X 0 0
SEARS ROEBUCK & CO COMMON 812387108 21,459,000 700,690 X 0 0 X 0 0
SERVICE CORP INTL COMMON 817565104 18,450,000 6,150,000 X 0 0 X 0 0
SHAW INDS INC COMMON 820286102 15,567,000 1,025,000 X 0 0 X 0 0
SILICON VY GROUP INC COMMON 827066101 14,094,000 512,500 X 0 0 X 0 0
SLM HOLDING CORP COMMON 78442A109 9,561,000 287,000 X 0 0 X 0 0
SMITHKLINE BEECHAM PLC ADR 832378301 73,131,000 1,107,000 X 0 0 X 0 0
SNAP ON INC COMMON 833034101 23,621,000 902,000 X 0 0 X 0 0
SOLECTRON CORP COMMON 834182107 22,374,000 557,600 X 0 0 X 0 0
SORIANA S.A. LOCAL B 2620172 346,413,000 75,071,000 X 0 0 X 0 0
SOUTHTRUST CORP COMMON 844730101 86,845,000 3,414,070 X 0 0 X 0 0
SPRINT CORP (FON GROUP) COMMON 852061100 316,676,000 5,026,600 X 0 0 X 0 0
SPRINT CORP (PCS GROUP) COMMON 852061506 251,229,000 3,835,550 X 0 0 X 0 0
STAPLES, INC. COMMON 855030102 9,336,000 466,785 X 0 0 X 0 0
STATE STREET CORP COMMON 857477103 15,888,000 164,000 X 0 0 X 0 0
STERLING SOFTWARE INC COMMON 859547101 43,505,000 1,328,400 X 0 0 X 0 0
STRYKER CORP COMMON 863667101 11,439,000 164,000 X 0 0 X 0 0
Page 14
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC COMMON 866810104 259,419,000 2,768,525 X 0 0 X 0 0
SUNAMERICA CAP TR II PFD 8.35% 867022204 4,869,000 205,000 X 0 0 X 0 0
SUNGARD DATA SYS INC COMMON 867363103 13,930,000 369,000 X 0 0 X 0 0
SUNTRUST BKS INC COMMON 867914103 61,704,000 1,068,460 X 0 0 X 0 0
SUPERVALU INC COMMON 868536103 38,822,000 2,050,000 X 0 0 X 0 0
TANDY CORP COMMON 875382103 45,777,000 902,000 X 0 0 X 0 0
TCI COMM FINANCING I PFD 8.72% 872285200 5,010,000 205,000 X 0 0 X 0 0
TECH DATA CORP COMMON 878237106 4,718,000 143,500 X 0 0 X 0 0
TECUMSEH PRODS CO COMMON CL B 878895101 55,104,000 1,312,000 X 0 0 X 0 0
TEECO PPTYS LP CO COMMON 87900210 111,000 221,400 X 0 0 X 0 0
TELECOM BRASILEIRAS-TELEBRAS SPONS ADR 879287308 122,590,000 820,000 X 0 0 X 0 0
TELECOM DE SAO PAULO LOCAL 2292720 177,785,000 6,074,907 X 0 0 X 0 0
TELECOM SAO PAULO SPONS ADR 87929A102 102,244,000 3,444,000 X 0 0 X 0 0
TELEFONICA DE ARGENTINA SPONS ADR B 879378206 23,495,000 598,600 X 0 0 X 0 0
TELEFONICA DE ESPANA S A SPONS ADR 879382208 24,258,000 326,155 X 0 0 X 0 0
TELEFONOS DE MEXICO S.A. SPONS ADR L 879403780 316,869,000 4,756,000 X 0 0 X 0 0
TELEGRAAF HOLDINGS MIJ COMMON 5062919 17,722,000 1,066,000 X 0 0 X 0 0
TELEPAR S.A. PN 2880385 8,868,000 20,500 X 0 0 X 0 0
TELEPHONE & DATA SYS INC COMMON 879433100 22,755,000 205,000 X 0 0 X 0 0
TELESP CELULAR PART SPONS ADR 87952L108 262,633,000 4,633,000 X 0 0 X 0 0
TELESP CELULAR PARTIC-PREF LOCAL 2292690 344,448,000 15,255,995 X 0 0 X 0 0
TELESUDESTE CELULAR-PREF LOCAL 2292753 25,626,000 2,550,200 X 0 0 X 0 0
TELLABS INC COMMON 879664100 60,685,000 963,500 X 0 0 X 0 0
TEMPLE INLAND INC COMMON 879868107 11,539,000 231,650 X 0 0 X 0 0
TENN VALLEY AUTH SER A PFD 7.5% 880591201 7,708,000 328,000 X 0 0 X 0 0
TENNESSEE VALLEY AUTH PFD 8.000% 880591102 5,035,000 205,000 X 0 0 X 0 0
TERADYNE INC COMMON 880770102 52,111,000 635,500 X 0 0 X 0 0
TEXACO INC COMMON 881694103 57,298,000 1,066,000 X 0 0 X 0 0
TEXAS INSTRUMENTS INC COMMON 882508104 44,280,000 276,750 X 0 0 X 0 0
TIMBERLAND CO CL A COMMON 887100105 6,273,000 123,000 X 0 0 X 0 0
TIME WARNER CAP I PFD 8.875% 88731G204 4,933,000 205,000 X 0 0 X 0 0
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC COMMON 887315109 377,139,000 3,771,385 X 0 0 X 0 0
TORCHMARK CAP LLC PFD 9.180% 891025207 4,946,000 205,000 X 0 0 X 0 0
TOYS R US INC COMMON 892335100 45,548,000 3,075,000 X 0 0 X 0 0
TRANSOCEAN SEDCO FOREX INC COMMON G90078109 62,893,000 1,225,695 X 0 0 X 0 0
TRAVELERS P&C CAP I PFD 8.08% 893931204 4,753,000 205,000 X 0 0 X 0 0
TYCO INTL LTD NEW COMMON 902124106 183,934,000 3,669,500 X 0 0 X 0 0
U S WEST INC NEW COMMON 91273H101 610,000 8,405 X 0 0 X 0 0
UNIBANCO SPONS GDR 9.05E+111 164,149,000 36,666,095 X 0 0 X 0 0
UNILEVER N V NEW YORK SHS N 904784709 14,088,000 292,740 X 0 0 X 0 0
UNION PAC CORP COMMON 907818108 90,810,000 2,321,010 X 0 0 X 0 0
UNION PAC RES GROUP INC COMMON 907834105 3,000 205 X 0 0 X 0 0
UNION PLANTERS CORP COMMON 908068109 90,403,000 2,933,960 X 0 0 X 0 0
UNITED DOMINION RLTY TR INC COMMON 910197102 35,068,000 3,485,000 X 0 0 X 0 0
UNITED HEALTHCARE CORP COMMON 910581107 45,226,000 758,500 X 0 0 X 0 0
UNITED TECHNOLOGIES CORP COMMON 913017109 56,995,000 902,000 X 0 0 X 0 0
UNITED TECHNOLOGIES CORP COMMON 91301710 253,926,000 4,018,615 X 0 0 X 0 0
UNUMPROVIDENT CORP COMMON 91529Y106 37,500,000 2,214,000 X 0 0 X 0 0
US BANCORP COMMON 902973106 44,037,000 2,013,100 X 0 0 X 0 0
USX US STEEL GROUP COMMON 90337T101 2,563,000 102,500 X 0 0 X 0 0
USX-MARATHON GROUP COMMON NEW 902905827 34,728,000 1,332,500 X 0 0 X 0 0
VERITY INC COMMON 92343C106 9,189,000 225,500 X 0 0 X 0 0
VIACOM INC WTS 925524126 1,000 279,210 X 0 0 X 0 0
VIRGINIA PWR CAP TR PFD 8.050% 928082205 4,753,000 205,000 X 0 0 X 0 0
VODAFONE AIRTOUCH PLC SPONS ADR 92857T107 1,139,000 20,500 X 0 0 X 0 0
WAL MART STORES INC COMMON 931142103 444,189,000 7,861,750 X 0 0 X 0 0
WALGREEN CO 931422109 10,558,000 410,000 X 0 0 X 0 0
WALMART DE MEXICO LOCAL V 2135212 279,197,000 117,846,598 X 0 0 X 0 0
WALT DISNEY CO COMMON 254687106 65,959,000 1,599,000 X 0 0 X 0 0
WARNER LAMBERT CO COMMON 934488107 154,200,000 1,578,500 X 0 0 X 0 0
WASHINGTON POST CO CL B 939640108 11,091,000 20,500 X 0 0 X 0 0
WASTE MGMT INC COMMON 94106L109 49,104,000 3,587,500 X 0 0 X 0 0
Page 16
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
WEETABIX COMMON 94857989 25,690,000 461,250 X 0 0 0 0
WEINGARTEN RLTY INVST REIT 948741103 11,278,000 306,885 X 0 0 0 0
WELLS FARGO & CO COMMON 949740104 3,526,000 92,250 X 0 0 0 0
WELLS FARGO & CO NEW COMMON 949746101 13,911,000 356,700 X 0 0 0 0
WENDYS INTL INC COMMON 950590109 9,105,000 451,000 X 0 0 0 0
WERNER ENTERPRISES INC COMMON 950755108 3,265,000 192,085 X 0 0 0 0
WESTERN RESOURCES INC COMMON 959425109 3,242,000 205,000 X 0 0 0 0
WESTNGHOUSE AIR BRAKE CO NEW COMMON 960386100 32,672,000 3,075,000 X 0 0 0 0
WHITMAN CORP COMMON NEW 96647R107 34,286,000 2,460,000 X 0 0 0 0
WILEY JOHN & SONS INC CL A COMMON 968223206 64,944,000 3,608,000 X 0 0 0 0
WOOLWORTHS LTD COMMON 6981239 - 88,970 X 0 0 0 0
WORLDCOM INC COMMON 55268B106 86,249,000 1,903,425 X 0 0 0 0
XEROX CORP COMMON 984121103 131,118,000 5,043,000 X 0 0 0 0
XILINX INC COMMON 983919101 69,604,000 840,500 X 0 0 0 0
YAHOO INC COMMON 984332106 9,134,000 53,300 X 0 0 0 0
ZALE CORP COMMON NEW 988858106 21,282,000 451,000 X 0 0 0 0
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