United States
Securities and Exchange Commission
Washington, DC 20549
Form 13F
FORM 13F COVER PAGE
Report for the quarter ended: June 30, 1999
Manager filing this report:
Name: Sears Investment Management Co.
Address: 3333 Beverly Rd
B5-170B
Hoffman Estates, Il 60179
13F File Number: 28-25
John Kowalsky September 09, 1999
Report Type (Chech only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I am signing this report as required by the securities exchange act of 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 561
Form 13F Information Table Value Total: $2,529,520
<PAGE>
<TABLE> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FROM 13F INFORMATION TABLE
Value Shares/ Sh/ Put Invstmt Other -----Voting Auth
Name of Issuer -Title of--Cusip-- (x$1000) Prn Amt Prn Call Dscretn-Manager Sole Shared None
ABR INFORMATION SVCSCommon 00077R108 313 18000 Sole 18,000 0 0
AGL RES INC COM Common 001204106 611 34800 Sole 34,800 0 0
AK STL HLDG CORP COMCommon 001547108 600 26600 Sole 26,600 0 0
AMB PPTY CORP COM Common 00163T109 461 22200 Sole 22,200 0 0
AMR CORP DEL COM Common 001765106 1370 23400 Sole 23,400 0 0
AT&T CORP COM Common 001957109 16413 205649 Sole 205,649 0 0
AT&T CORP COM LIBRTYCommon 001957208 9046 171892 Sole 171,892 0 0
ABERCROMBIE & FITCH Common 002896207 1709 18551 Sole 18,551 0 0
ACXIOM CORP COM Common 005125109 606 22860 Sole 22,860 0 0
ADVO INC COM Common 007585102 856 44300 Sole 44,300 0 0
AEROQUIP-VICKERS INCCommon 007869100 4505 78600 Sole 78,600 0 0
AETNA INC COM Common 008117103 1901 22900 Sole 22,900 0 0
AFFILIATED COMPUTER Common 008190100 1866 40790 Sole 40,790 0 0
AFTERMARKET TECHNOLOCommon 008318107 794 116500 Sole 116,500 0 0
AIR PRODS & CHEMS INCommon 009158106 1425 41600 Sole 41,600 0 0
AIRBORNE FGHT CORP CCommon 009266107 4947 159300 Sole 159,300 0 0
ALASKA AIR GROUP INCCommon 011659109 1249 26300 Sole 26,300 0 0
ALBERTSONS INC COM Common 013104104 1168 21500 Sole 21,500 0 0
ALCOA INC COM Common 013817101 680 16500 Sole 16,500 0 0
ALLEGHENY TELEDYNE ICommon 017415100 385 20307 Sole 20,307 0 0
ALLIANT TECHSYSTEMS Common 018804104 1523 19600 Sole 19,600 0 0
ALLIED SIGNAL INC COCommon 019512102 1097 22300 Sole 22,300 0 0
ALLSTATE CORP COM Common 020002101 6400 172680 Sole 172,680 0 0
ALPHARMA INC CL A Common 020813101 1786 45500 Sole 45,500 0 0
ALZA CORP COM Common 022615108 2467 64500 Sole 64,500 0 0
AMERADA HESS CORP COCommon 023551104 795 15800 Sole 15,800 0 0
AMERICA WEST HLDG COCommon 023657208 1689 88600 Sole 88,600 0 0
AMERICAN ELEC PWR INCommon 025537101 941 23700 Sole 23,700 0 0
AMERICAN EXPRESS CO Common 025816109 3602 30650 Sole 30,650 0 0
AMERICAN HOME PRODS Common 026609107 7686 117800 Sole 117,800 0 0
AMERICAN INTL GROUP Common 026874107 13562 112427 Sole 112,427 0 0
AMERICAN MGMT SYS INCommon 027352103 474 13900 Sole 13,900 0 0
AMERICAN TOWER CORP Common 029912201 378 15430 Sole 15,430 0 0
AMERIN CORP Common 03070X106 522 25700 Sole 25,700 0 0
AMERITECH CORP NEW CCommon 030954101 7680 133020 Sole 133,020 0 0
AMGEN INC DELAWARE Common 031162100 7173 95800 Sole 95,800 0 0
AMP INC COM PA Common 031897101 9486 176696 Sole 176,696 0 0
AMSOUTH BANCORPORATICommon 032165102 6954 152845 Sole 152,845 0 0
ANADARKO PETE CORP CCommon 032511107 925 24500 Sole 24,500 0 0
ANALOG DEVICES INC CCommon 032654105 722 24266 Sole 24,266 0 0
APARTMENT INVT & MGMCommon 03748R101 558 15400 Sole 15,400 0 0
APPLE COMPUTER INC CCommon 037833100 3393 94400 Sole 94,400 0 0
APPLEBEES INTL INC CCommon 037899101 494 19900 Sole 19,900 0 0
APPLIED MATERIALS INCommon 038222105 3943 63925 Sole 63,925 0 0
APPLIED SIGNAL TECHNCommon 038237103 276 44100 Sole 44,100 0 0
ARCHER DANIELS MIDLACommon 039483102 1495 101820 Sole 101,820 0 0
ARCHSTONE CMNTYS TR Common 039581103 939 46675 Sole 46,675 0 0
ARDEN RLTY GROUP INCCommon 039793104 541 24300 Sole 24,300 0 0
ARKANSAS BEST CORP DCommon 040790107 799 117300 Sole 117,300 0 0
ARMCO INC COM Common 042170100 1093 246400 Sole 246,400 0 0
ARVIN INDS INC COM Common 043339100 2427 72030 Sole 72,030 0 0
ASARCO INC COM Common 043413103 1087 78900 Sole 78,900 0 0
ASPECT TELECOMMUNICACommon 045237104 572 86400 Sole 86,400 0 0
ASPEN TECHNOLOGY INCCommon 045327103 441 31100 Sole 31,100 0 0
ASSOCIATES FIRST CAPCommon 046008108 3051 67800 Sole 67,800 0 0
ASTORIA FINL CORP COCommon 046265104 1810 36200 Sole 36,200 0 0
ASTRA AB SPONSORED ACommon 046298105 477 20800 Sole 20,800 0 0
ATLANTIC RICHFIELD CCommon 048825103 7919 108390 Sole 108,390 0 0
ATLAS AIR INC COM Common 049164106 601 20850 Sole 20,850 0 0
AUTOMATIC DATA PROCECommon 053015103 5176 125100 Sole 125,100 0 0
AVALONBAY CMNTYS INCCommon 053484101 692 21720 Sole 21,720 0 0
AVON PRODS INC COM Common 054303102 3186 67700 Sole 67,700 0 0
AVONDALE INDS INC COCommon 054350103 1115 37800 Sole 37,800 0 0
AXENT TECHNOLOGIES ICommon 05459C108 407 16901 Sole 16,901 0 0
BA MERCHANT SVCS INCCommon 055239107 287 14100 Sole 14,100 0 0
BISYS GROUP INC COM Common 055472104 2503 44496 Sole 44,496 0 0
BJS WHSL CLUB INC COCommon 05548J106 416 15800 Sole 15,800 0 0
BMC SOFTWARE INC COMCommon 055921100 2335 63000 Sole 63,000 0 0
BANCWEST CORP NEW COCommon 059790105 808 19000 Sole 19,000 0 0
BANK NEW YORK INC COCommon 064057102 2927 81450 Sole 81,450 0 0
BANK ONE CORP COM Common 06423A103 2238 40642 Sole 40,642 0 0
BANKAMERICA CORP NEWCommon 06605F102 12828 181631 Sole 181,631 0 0
BANKBOSTON CORP COM Common 06605R106 1395 32200 Sole 32,200 0 0
BANKERS TR CORP COM Common 066365107 3784 42880 Sole 42,880 0 0
BANKNORTH GROUP INC Common 06646L100 404 14300 Sole 14,300 0 0
BARNES GROUP INC COMCommon 067806109 354 18900 Sole 18,900 0 0
BARNETT INC COM Common 068062108 424 48400 Sole 48,400 0 0
BAXTER INTL INC COM Common 071813109 1815 27500 Sole 27,500 0 0
BEACON CAP PARTNERS Common 073561102 370 18500 Sole 18,500 0 0
BEAR STEARNS COS INCCommon 073902108 6348 142049 Sole 142,049 0 0
BEAZER HOMES USA INCCommon 07556Q105 928 44200 Sole 44,200 0 0
BED BATH & BEYOND INCommon 075896100 1748 47900 Sole 47,900 0 0
BELL ATLANTIC CORP CCommon 077853109 2223 43000 Sole 43,000 0 0
BELLSOUTH CORP COM Common 079860102 8213 205000 Sole 205,000 0 0
BEST BUY INC COM Common 086516101 531 10211 Sole 10,211 0 0
BESTFOODS COM Common 08658U101 550 11700 Sole 11,700 0 0
BILLING CONCEPTS CORCommon 090063108 645 54300 Sole 54,300 0 0
BINDLEY WESTN INDS ICommon 090324104 1176 41166 Sole 41,166 0 0
BLACK BOX CORP DEL CCommon 091826107 530 17100 Sole 17,100 0 0
BLOCK H & R INC COM Common 093671105 531 11200 Sole 11,200 0 0
BLYTH INDS INC COM Common 09643P108 344 14550 Sole 14,550 0 0
BOISE CASCADE CORP CCommon 097383103 529 16400 Sole 16,400 0 0
BORG WARNER AUTOMOTICommon 099724106 2309 48300 Sole 48,300 0 0
BORG WARNER SEC CORPCommon 099733107 1030 61500 Sole 61,500 0 0
BORON LEPORE & ASSOCCommon 10001P102 306 29500 Sole 29,500 0 0
BOSTON PPTYS INC COMCommon 101121101 689 21800 Sole 21,800 0 0
BRADLEY REAL ESTATE Common 104580105 478 26750 Sole 26,750 0 0
BRIGGS & STRATTON COCommon 109043109 1144 23200 Sole 23,200 0 0
BRISTOL MYERS SQUIBBCommon 110122108 9287 144600 Sole 144,600 0 0
BROADCOM CORP COM Common 111320107 1052 17078 Sole 17,078 0 0
BROWN GROUP INC COM Common 115657108 793 60100 Sole 60,100 0 0
BUFFETS INC COM Common 119882108 453 45863 Sole 45,863 0 0
BURLINGTON INDS INC Common 121693105 507 76500 Sole 76,500 0 0
BURLINGTON NORTHN SACommon 12189T104 1926 58600 Sole 58,600 0 0
BURLINGTON RES INC CCommon 122014103 1198 30000 Sole 30,000 0 0
BURR BROWN CORP COM Common 122574106 758 32250 Sole 32,250 0 0
CBT GROUP PUB SPNSRCommon 124853300 1004 87800 Sole 87,800 0 0
CCC INFORMATION SVCSCommon 12487Q109 898 77250 Sole 77,250 0 0
CBS CORP COM Common 12490K107 2748 67330 Sole 67,330 0 0
CIGNA CORP COM Common 125509109 9186 109600 Sole 109,600 0 0
CLECO CORP COM Common 12561M107 1248 42300 Sole 42,300 0 0
CMAC INVTCORP Common 125662106 706 18100 Sole 18,100 0 0
CPI CORP COM Common 125902106 1112 49700 Sole 49,700 0 0
CNET INC COM Common 125945105 1865 20246 Sole 20,246 0 0
CSK AUTO CORP COM Common 125965103 608 20300 Sole 20,300 0 0
CSG SYS INTL INC COMCommon 126349109 489 12405 Sole 12,405 0 0
CSX CORP COM Common 126408103 1211 31100 Sole 31,100 0 0
CVS CORP COM Common 126650100 7861 165500 Sole 165,500 0 0
CABLEVISION SYS CORPCommon 12686C109 1336 18017 Sole 18,017 0 0
CABLE DESIGN TECHNOLCommon 126924109 335 30450 Sole 30,450 0 0
CADENCE DESIGN SYS ICommon 127387108 1747 67850 Sole 67,850 0 0
CALPINE CORP COM Common 131347106 557 15300 Sole 15,300 0 0
CAMDEN PPTY TR SH BECommon 133131102 675 27262 Sole 27,262 0 0
CAPITAL ONE FINL CORCommon 14040H105 1748 11574 Sole 11,574 0 0
CAPITAL RE CORP COM Common 140432105 976 56600 Sole 56,600 0 0
CARDINAL HEALTH INC Common 14149Y108 2429 36809 Sole 36,809 0 0
CARNIVAL CORP COM STCommon 143658102 1480 30470 Sole 30,470 0 0
CARRAMERICA RLTY CORCommon 144418100 521 23600 Sole 23,600 0 0
CASEYS GEN STORES INCommon 147528103 443 30000 Sole 30,000 0 0
CATALINA MARKETING CCommon 148867104 2018 23500 Sole 23,500 0 0
CENTEX CORP COM Common 152312104 5884 176300 Sole 176,300 0 0
CENTEX CONSTR PRODS Common 15231R109 1100 31600 Sole 31,600 0 0
CENTRAL HUDSON GAS &Common 153609102 981 27400 Sole 27,400 0 0
CERIDIAN CORP COM Common 15677T106 695 19000 Sole 19,000 0 0
CHAMPION INTL CORP CCommon 158525105 739 18000 Sole 18,000 0 0
CHASE MANHATTAN CORPCommon 16161A108 13601 167200 Sole 167,200 0 0
CHECKFREE HLDGS CORPCommon 162816102 638 15000 Sole 15,000 0 0
CHESAPEAKE CORP VA CCommon 165159104 1006 37100 Sole 37,100 0 0
CHUBB CORP COM Common 171232101 1511 25800 Sole 25,800 0 0
CINERGY CORP COM Common 172474108 382 13900 Sole 13,900 0 0
CISCO SYS INC COM Common 17275R102 31300 285682 Sole 285,682 0 0
CITATION CORP ALA COCommon 172895104 571 55700 Sole 55,700 0 0
CITIGROUP INC Common 172967101 4588 71825 Sole 71,825 0 0
CLARIFY INC COM Common 180492100 299 11200 Sole 11,200 0 0
CLEVELAND CLIFFS INCCommon 185896107 892 26200 Sole 26,200 0 0
COACH USA INC COM Common 18975L106 600 21800 Sole 21,800 0 0
COCA COLA CO COM Common 191216100 8097 131925 Sole 131,925 0 0
COCA COLA ENTERPRISECommon 191219104 4677 154625 Sole 154,625 0 0
COLGATE PALMOLIVE COCommon 194162103 4554 49500 Sole 49,500 0 0
COMCAST CORP CL A SPCommon 200300200 8999 142980 Sole 142,980 0 0
COMERICA INC COM Common 200340107 2242 35900 Sole 35,900 0 0
COMMERCE BANCSHARES Common 200525103 1324 34395 Sole 34,395 0 0
COMMERCE GROUP INC MCommon 200641108 951 38700 Sole 38,700 0 0
COMMERCIAL INTERTECHCommon 201709102 612 55000 Sole 55,000 0 0
COMMERCIAL METALS COCommon 201723103 406 20300 Sole 20,300 0 0
COMMONWEALTH ENERGY Common 202800108 1419 37200 Sole 37,200 0 0
COMPAQ COMPUTER CORPCommon 204493100 1340 42300 Sole 42,300 0 0
COMPUTER ASSOC INTL Common 204912109 1519 42700 Sole 42,700 0 0
COMPUWARE CORP COM Common 205638109 1282 53700 Sole 53,700 0 0
CONAGRA INC COM Common 205887102 1097 42900 Sole 42,900 0 0
CONCENTRA MANAGED CACommon 20589T103 1459 100630 Sole 100,630 0 0
CONEXANT SYS INC COMCommon 207142100 714 25805 Sole 25,805 0 0
CONOCO INC Common 208251306 975 39700 Sole 39,700 0 0
COOPER INDS INC COM Common 216669101 465 10900 Sole 10,900 0 0
COOPER TIRE & RUBR CCommon 216831107 369 20100 Sole 20,100 0 0
COORS ADOLPH CO CL BCommon 217016104 6696 124000 Sole 124,000 0 0
CORNERSTONE PPTYS INCommon 21922H103 475 32500 Sole 32,500 0 0
COSTCO COS INC COM Common 22160Q102 9870 107800 Sole 107,800 0 0
CREDENCE SYS CORP COCommon 225302108 266 12400 Sole 12,400 0 0
CRESCENT REAL ESTATECommon 225756105 499 23200 Sole 23,200 0 0
CROWN CORK & SEAL INCommon 228255105 825 28900 Sole 28,900 0 0
CUMMINS ENGINE CO INCommon 231021106 2603 73200 Sole 73,200 0 0
CYTYC CORP COM Common 232946103 365 26300 Sole 26,300 0 0
DII GROUP INC Common 232949107 401 13700 Sole 13,700 0 0
DST SYS INC DEL COM Common 233326107 1990 33134 Sole 33,134 0 0
DTE ENERGY CO COM Common 233331107 2841 73900 Sole 73,900 0 0
DAISYTEK INTL CORP CCommon 234053106 313 18806 Sole 18,806 0 0
DANA CORP COM Common 235811106 1550 40800 Sole 40,800 0 0
DARDEN RESTAURANTS ICommon 237194105 6614 320700 Sole 320,700 0 0
DAYTON HUDSON CORP CCommon 239753106 10220 153400 Sole 153,400 0 0
DEAN FOODS CO COM Common 242361103 456 12800 Sole 12,800 0 0
DEERE & CO COM Common 244199105 1190 30800 Sole 30,800 0 0
DEL MONTE FOODS CO CCommon 24522P103 297 22500 Sole 22,500 0 0
DELL COMPUTER CORP CCommon 247025109 16818 411455 Sole 411,455 0 0
DELPHI FINL GROUP INCommon 247131105 1987 58662 Sole 58,662 0 0
DENDRITE INTL INC COCommon 248239105 457 20500 Sole 20,500 0 0
DEXTER CORP COM Common 252165105 1251 39700 Sole 39,700 0 0
DIGI INTL INC COM Common 253798102 288 42700 Sole 42,700 0 0
DOW CHEM CO COM Common 260543103 5936 63700 Sole 63,700 0 0
DOWNEY FINL CORP COMCommon 261018105 722 39440 Sole 39,440 0 0
DRESS BARN INC COM Common 261570105 660 47600 Sole 47,600 0 0
DUPONT E I DE NEMOURCommon 263534109 2346 40400 Sole 40,400 0 0
DUKE RLTY INVTS INC Common 264411505 260 12100 Sole 12,100 0 0
EMC CORP MASS COM Common 268648102 4139 32400 Sole 32,400 0 0
ESCO ELECTRS CORP COCommon 269030201 398 44200 Sole 44,200 0 0
EASTERN UTILITIES ASCommon 277173100 3061 108100 Sole 108,100 0 0
EASTMAN KODAK CO COMCommon 277461109 2012 31500 Sole 31,500 0 0
EDISON INTL COM Common 281020107 4841 217590 Sole 217,590 0 0
EL PASO ELEC CO COM Common 283677854 721 94600 Sole 94,600 0 0
ELECTRONIC DATA SYS Common 285661104 803 16500 Sole 16,500 0 0
EMERSON ELEC CO COM Common 291011104 1789 33800 Sole 33,800 0 0
ENERGEN CORP COM Common 29265N108 792 53000 Sole 53,000 0 0
ENERGY EAST CORP COMCommon 29266M109 7590 144400 Sole 144,400 0 0
ENHANCE FINL SVCS GRCommon 293310108 628 27600 Sole 27,600 0 0
ENVOY CORP NEW COM Common 293982104 817 17900 Sole 17,900 0 0
EQUITY OFFICE PPTYS Common 294741103 1288 50775 Sole 50,775 0 0
EQUITY RESIDENTIAL PCommon 29476L107 928 22492 Sole 22,492 0 0
EXPEDITORS INTL WASHCommon 302130109 702 13000 Sole 13,000 0 0
EXPRESS SCRIPTS INC Common 302182100 1202 13987 Sole 13,987 0 0
EXXON CORP COM Common 302290101 2456 34800 Sole 34,800 0 0
FPL GROUP INC COM Common 302571104 836 15700 Sole 15,700 0 0
FAIR ISSAC & CO INC Common 303250104 378 10200 Sole 10,200 0 0
FEDERAL HOME LN MTG Common 313400301 6452 112745 Sole 112,745 0 0
FEDERAL NATL MTG ASSCommon 313586109 8151 117700 Sole 117,700 0 0
FEDERATED DEPT STORECommon 31410H101 1854 46200 Sole 46,200 0 0
FEDERATED INVS INC PCommon 314211103 396 21800 Sole 21,800 0 0
FELCOR LODGING TR INCommon 31430F101 473 20400 Sole 20,400 0 0
FINANCIAL SEC ASSURNCommon 31769P100 1687 34000 Sole 34,000 0 0
FINOVA GROUP INC COMCommon 317928109 2246 43300 Sole 43,300 0 0
FIRST AMERN FINL CORCommon 318522307 699 44200 Sole 44,200 0 0
FIRST COMWLTH FINL CCommon 319829107 784 36900 Sole 36,900 0 0
FIRST DATA CORP COM Common 319963104 1984 46400 Sole 46,400 0 0
FIRST UN CORP COM Common 337358105 572 10700 Sole 10,700 0 0
FIRST WASH BANCORP ICommon 33748T104 948 48760 Sole 48,760 0 0
FIRSTFED FINL CORP DCommon 337907109 856 53300 Sole 53,300 0 0
FIRSTENERGY CORP COMCommon 337932107 777 27800 Sole 27,800 0 0
FLEETWOOD ENTERPRISECommon 339099103 3378 118000 Sole 118,000 0 0
FLORIDA ROCK INDS INCommon 341140101 1577 46200 Sole 46,200 0 0
FLOWERS INDS INC COMCommon 343496105 288 11700 Sole 11,700 0 0
FLUSHING FINL CORP CCommon 343873105 795 55800 Sole 55,800 0 0
FORD MTR CO DEL COM Common 345370100 7077 124780 Sole 124,780 0 0
FORT JAMES CORP Common 347471104 1321 41700 Sole 41,700 0 0
FORTUNE BRANDS INC CCommon 349631101 485 12600 Sole 12,600 0 0
GTE CORP COM Common 362320103 5354 88500 Sole 88,500 0 0
GALILEO INTL INC COMCommon 363547100 639 13200 Sole 13,200 0 0
GANNETT CO INC COM Common 364730101 1310 20800 Sole 20,800 0 0
GARDNER DENVER MACHYCommon 365558105 573 36100 Sole 36,100 0 0
GARTNER GROUP INC NECommon 366651107 284 12600 Sole 12,600 0 0
GEHL CO COM Common 368483103 426 28900 Sole 28,900 0 0
GENERAL ELEC CO COM Common 369604103 30001 271195 Sole 271,195 0 0
GENERAL MLS INC COM Common 370334104 2796 37000 Sole 37,000 0 0
GENERAL MTRS CORP COCommon 370442105 6895 79300 Sole 79,300 0 0
GENTEX CORP COM Common 371901109 367 17000 Sole 17,000 0 0
GENUINE PARTS CO COMCommon 372460105 403 14000 Sole 14,000 0 0
GEON CO COM Common 37246W105 1372 60300 Sole 60,300 0 0
GIANT INDS INC COM Common 374508109 263 30700 Sole 30,700 0 0
GILEAD SCIENCES INC Common 375558103 550 12095 Sole 12,095 0 0
GILLETTE CO COM Common 375766102 5837 98200 Sole 98,200 0 0
GLEASON CORP COM Common 377339106 652 38500 Sole 38,500 0 0
GLIMCHER RLTY TR SH Common 379302102 286 19900 Sole 19,900 0 0
GLOBAL INDS LTD COM Common 379336100 726 71700 Sole 71,700 0 0
GOLDEN WEST FINL CORCommon 381317106 6131 64200 Sole 64,200 0 0
GOODYEAR TIRE & RUBRCommon 382550101 1440 28900 Sole 28,900 0 0
GRACE W R & CO DEL NCommon 38388F108 825 68000 Sole 68,000 0 0
GREENPOINT FINL CORPCommon 395384100 5484 157820 Sole 157,820 0 0
GUIDANT CORP Common 401698105 1065 17600 Sole 17,600 0 0
GYMBOREE CORP COM Common 403777105 432 48300 Sole 48,300 0 0
HCC INS HLDGS INC COCommon 404132102 268 13900 Sole 13,900 0 0
HNC SOFTWARE INC COMCommon 40425P107 335 10218 Sole 10,218 0 0
HALLIBURTON HLDGS COCommon 406216101 1271 33000 Sole 33,000 0 0
HANDLEMAN CO DEL COMCommon 410252100 1344 100500 Sole 100,500 0 0
HARBINGER CORP COM Common 41145C103 344 50975 Sole 50,975 0 0
HARLEYSVILLE GROUP ICommon 412824104 812 41900 Sole 41,900 0 0
HARMONIC INC COM Common 413160102 395 14300 Sole 14,300 0 0
HARRIS CORP DEL COM Common 413875105 3970 138690 Sole 138,690 0 0
HARTE-HANKS COMMUNICCommon 416196103 321 11700 Sole 11,700 0 0
HARTFORD FINL SVCS GCommon 416515104 4857 85500 Sole 85,500 0 0
HAVERTY FURNITURE COCommon 419596101 629 24800 Sole 24,800 0 0
HERCULES INC COM Common 427056106 417 16500 Sole 16,500 0 0
HIGHWOODS PPTYS INC Common 431284108 521 22100 Sole 22,100 0 0
HOME DEPOT INC COM Common 437076102 7854 126165 Sole 126,165 0 0
HOSPITALITY PPTYS TRCommon 44106M102 484 17900 Sole 17,900 0 0
HOUSEHOLD INTL CORP Common 441815107 2496 54700 Sole 54,700 0 0
HUBBELL INC CL B Common 443510201 464 11600 Sole 11,600 0 0
HUFFY CORP COM Common 444356109 750 62500 Sole 62,500 0 0
HUGHES SUPPLY INC COCommon 444482103 369 16200 Sole 16,200 0 0
HYPERION SOLUTIONS CCommon 44914M104 1014 69900 Sole 69,900 0 0
IBP INC COM Common 449223106 1421 76300 Sole 76,300 0 0
IDX SYS CORP COM Common 449491109 442 30500 Sole 30,500 0 0
ITI TECHNOLOGIES INCCommon 450564109 315 10500 Sole 10,500 0 0
IDEXX LABS INC COM Common 45168D104 1946 81300 Sole 81,300 0 0
ILLINOIS TOOL WORKS Common 452308109 2778 44900 Sole 44,900 0 0
IMPATH INC COM Common 45255G101 267 10900 Sole 10,900 0 0
IMRGLOBAL CORP COM Common 45321W106 257 14500 Sole 14,500 0 0
INSPIRE INS SOLUTIONCommon 457732105 1184 62300 Sole 62,300 0 0
INTEL CORP COM Common 458140100 19961 167700 Sole 167,700 0 0
INTERIM SVCS INC COMCommon 45868P100 456 30400 Sole 30,400 0 0
INTERMEDIA COMMUNICACommon 458801107 1733 65100 Sole 65,100 0 0
IBM Common 459200101 11893 67100 Sole 67,100 0 0
INTERNATIONAL PAPER Common 460146103 1185 28100 Sole 28,100 0 0
INTERNATIONAL TELECOCommon 46047F104 640 51700 Sole 51,700 0 0
IT GROUP INC COM Common 465266104 467 36300 Sole 36,300 0 0
JLK DIRECT DISTR INCCommon 46621C105 323 34400 Sole 34,400 0 0
JSB FINL INC COM Common 46624M100 1008 20100 Sole 20,100 0 0
JACOR COMMUNICATIONSCommon 469858401 973 12800 Sole 12,800 0 0
JOHNSON & JOHNSON COCommon 478160104 5214 55700 Sole 55,700 0 0
JOHNSTOWN AMER INDS Common 479477101 1239 83300 Sole 83,300 0 0
KELLWOOD CO COM Common 488044108 2507 113620 Sole 113,620 0 0
KELLY SVCS INC CL A Common 488152208 577 20800 Sole 20,800 0 0
KERR MC GEE CORP COMCommon 492386107 361 11000 Sole 11,000 0 0
KILROY RLTY CORP COMCommon 49427F108 554 27000 Sole 27,000 0 0
KIMBERLY CLARK CORP Common 494368103 1457 30400 Sole 30,400 0 0
KNIGHT TRANSN INC COCommon 499064103 378 19500 Sole 19,500 0 0
KNIGHT/TRIMARK GROUPCommon 499067106 1446 21577 Sole 21,577 0 0
KROGER CO COM Common 501044101 832 13900 Sole 13,900 0 0
KULICKE & SOFFA INDSCommon 501242101 843 33400 Sole 33,400 0 0
L 3 COMMUNICATIONS HCommon 502424104 4167 90100 Sole 90,100 0 0
LADD FURNITURE INC CCommon 505739201 786 45900 Sole 45,900 0 0
LANDAMERICA FINL GROCommon 514936103 566 19500 Sole 19,500 0 0
LANDSTAR SYS INC COMCommon 515098101 1070 32300 Sole 32,300 0 0
LATTICE SEMICONDUCTOCommon 518415104 843 18500 Sole 18,500 0 0
LEARNING INC COM Common 522008101 1143 39400 Sole 39,400 0 0
LEARNING TREE INTL ICommon 522015106 547 54700 Sole 54,700 0 0
LEHMAN BROS HLDGS INCommon 524908100 5506 92150 Sole 92,150 0 0
LIBERTY PPTY TR SH BCommon 531172104 452 21800 Sole 21,800 0 0
LILLY ELI & CO COM Common 532457108 8850 104275 Sole 104,275 0 0
LINCOLN NATL CORP INCommon 534187109 5300 53600 Sole 53,600 0 0
LINEAR TECHNOLOGY COCommon 535678106 4161 81190 Sole 81,190 0 0
LITTON INDS INC COM Common 538021106 2482 42900 Sole 42,900 0 0
LOCKHEED MARTIN CORPCommon 539830109 1282 34000 Sole 34,000 0 0
LONE STAR INDS COM NCommon 542290408 1659 53500 Sole 53,500 0 0
LUCENT TECHNOLOGIES Common 549463107 10765 99800 Sole 99,800 0 0
M & F WORLDWIDE CORPCommon 552541104 687 98200 Sole 98,200 0 0
M + T BK CORP Common 55261F104 5863 12240 Sole 12,240 0 0
MBNA CORP COM Common 55262L100 3395 142200 Sole 142,200 0 0
M D C HOLDINGS INC CCommon 552676108 910 63300 Sole 63,300 0 0
MCI WORLDCOM INC COMCommon 55268B106 21512 242900 Sole 242,900 0 0
MDU RESOURCES GROUP Common 552690109 1352 59100 Sole 59,100 0 0
MGIC INVT CORP WIS Common 552848103 834 23800 Sole 23,800 0 0
MS CARRIERS INC COM Common 553533100 1153 43600 Sole 43,600 0 0
MACERICH CO COM Common 554382101 327 14400 Sole 14,400 0 0
MALLINCKRODT INC NEWCommon 561232109 1635 61400 Sole 61,400 0 0
MASCO CORP COM Common 574599106 1413 50000 Sole 50,000 0 0
MATTEL INC COM Common 577081102 401 16100 Sole 16,100 0 0
MAXIM INTEGRATED PROCommon 57772K101 909 16800 Sole 16,800 0 0
MAY DEPT STORES CO CCommon 577778103 2921 74650 Sole 74,650 0 0
MAXXIM MED INC COM Common 57777G105 644 34100 Sole 34,100 0 0
MAXXAM INC COM Common 577913106 766 15200 Sole 15,200 0 0
MAYTAG CORP COM Common 578592107 7631 126400 Sole 126,400 0 0
MC DONALDS CORP COM Common 580135101 3616 79800 Sole 79,800 0 0
MCKESSON HBOC INC Common 58155Q103 8996 136300 Sole 136,300 0 0
MEDIAONE GROUP INC CCommon 58440J104 9785 154160 Sole 154,160 0 0
MEDIMMUNE INC COM Common 584699102 938 15841 Sole 15,841 0 0
MEMBERWORKS INC COM Common 586002107 493 13600 Sole 13,600 0 0
MENTOR CORP MINN Common 587188103 557 37900 Sole 37,900 0 0
MERCK & CO INC COM Common 589331107 17684 220600 Sole 220,600 0 0
MERCURY INTERACTIVE Common 589405109 384 10778 Sole 10,778 0 0
MERISTAR HOSPITALITYCommon 58984Y103 275 15100 Sole 15,100 0 0
META GROUP INC COM Common 591002100 319 20750 Sole 20,750 0 0
METRIS COS INC COM Common 591598107 519 12856 Sole 12,856 0 0
METROMEDIA FIBER NETCommon 591689104 943 18206 Sole 18,206 0 0
MEYER FRED INC DEL NCommon 592907109 4551 77295 Sole 77,295 0 0
MICROSOFT CORP COM (Common 594918104 40960 457020 Sole 457,020 0 0
MICROCHIP TECHNOLOGYCommon 595017104 398 11500 Sole 11,500 0 0
MICRO WHSE INC COM Common 59501B105 310 19250 Sole 19,250 0 0
MICRON TECHNOLOGY INCommon 595112103 1245 25800 Sole 25,800 0 0
MID ATLANTIC MED SVCCommon 59523C107 315 31300 Sole 31,300 0 0
MIDWAY GAMES INC COMCommon 598148104 437 50300 Sole 50,300 0 0
MILLENNIUM CHEMICALSCommon 599903101 300 15100 Sole 15,100 0 0
MINNESOTA MNG & MFG Common 604059105 821 11600 Sole 11,600 0 0
MIRAGE RESORTS INC CCommon 60462E104 1983 93300 Sole 93,300 0 0
MODIS PROFESSIONAL SCommon 607830106 340 37507 Sole 37,507 0 0
MONSANTO CO COM Common 611662107 8278 180200 Sole 180,200 0 0
MONTANA PWR CO COM Common 612085100 897 12190 Sole 12,190 0 0
MORGAN J P & CO INC Common 616880100 5226 42360 Sole 42,360 0 0
MORGAN STANLEY DEAN Common 617446448 7331 73355 Sole 73,355 0 0
MOTOROLA INC COM Common 620076109 813 11100 Sole 11,100 0 0
MURPHY OIL CORP COM Common 626717102 2887 69570 Sole 69,570 0 0
MUSICLAND STORES CORCommon 62758B109 657 73400 Sole 73,400 0 0
NCI BLDG SYS INC COMCommon 628852105 470 20000 Sole 20,000 0 0
NACCO INDS INC CL A Common 629579103 2577 34800 Sole 34,800 0 0
NATIONAL STL CORP CLCommon 637844309 1331 161380 Sole 161,380 0 0
NAVISTAR INTL CORP NCommon 63934E108 7877 196000 Sole 196,000 0 0
NETWORK SOLUTIONS INCommon 64121Q102 1089 10301 Sole 10,301 0 0
NEW ERA OF NETWORKS Common 644312100 1156 17070 Sole 17,070 0 0
NEWCOURT CR GROUP INCommon 650905102 2144 79220 Sole 79,220 0 0
NEWELL RUBBERMAID INCommon 651229106 1257 26467 Sole 26,467 0 0
NEWFIELD EXPL CO COMCommon 651290108 253 11200 Sole 11,200 0 0
NEWPORT NEWS SHIPBUICommon 652228107 941 29700 Sole 29,700 0 0
NEXTLINK COMMUNICATICommon 65333H707 571 10200 Sole 10,200 0 0
NIELSEN MEDIA RESH ICommon 653929307 10570 428167 Sole 428,167 0 0
NICOR INC COM Common 654086107 4025 111990 Sole 111,990 0 0
NOKIA CORP SPONSOREDCommon 654902204 11703 75140 Sole 75,140 0 0
NOBLE DRILLING CORP Common 655042109 511 29400 Sole 29,400 0 0
NORFOLK SOUTHERN CORCommon 655844108 931 35300 Sole 35,300 0 0
NORTEK INC COM DELAWCommon 656559101 743 30000 Sole 30,000 0 0
NOVA CORP GA COM Common 669784100 821 31267 Sole 31,267 0 0
NOVACARE INC COM Common 669930109 284 162010 Sole 162,010 0 0
NOVELL INC COM Common 670006105 1122 44561 Sole 44,561 0 0
NUCOR CORP COM Common 670346105 2789 63300 Sole 63,300 0 0
OCCIDENTAL PETE CORPCommon 674599105 679 37700 Sole 37,700 0 0
OFFICE DEPOT INC COMCommon 676220106 1415 38100 Sole 38,100 0 0
ORACLE CORP COM Common 68389X105 2521 95600 Sole 95,600 0 0
ORANGE & ROCKLAND UTCommon 684065105 913 15900 Sole 15,900 0 0
O'SULLIVAN INDS HLDGCommon 688609106 964 69800 Sole 69,800 0 0
OXFORD INDS INC COM Common 691497309 880 36100 Sole 36,100 0 0
PMC-SIERRA INC COM Common 69344F106 1224 17190 Sole 17,190 0 0
PNC BK CORP COM Common 693475105 6134 110400 Sole 110,400 0 0
PPG INDS INC COM Common 693506107 892 17400 Sole 17,400 0 0
PSS WORLD MED INC COCommon 69366A100 536 60850 Sole 60,850 0 0
PACIFIC CENTY FINL CCommon 694058108 5026 240760 Sole 240,760 0 0
PAINE WEBBER GROUP ICommon 695629105 2883 72300 Sole 72,300 0 0
PAREXEL INTL CORP COCommon 699462107 720 34800 Sole 34,800 0 0
PARKER HANNIFIN CORPCommon 701094104 469 13700 Sole 13,700 0 0
PATTERSON DENTAL CO Common 703412106 848 19600 Sole 19,600 0 0
PAYCHEX INC COM Common 704326107 3254 68600 Sole 68,600 0 0
PAYMENTECH INC COM Common 704384106 288 12200 Sole 12,200 0 0
PENNEY J C INC COM Common 708160106 522 12900 Sole 12,900 0 0
PEPSICO INC COM Common 713448108 5055 129000 Sole 129,000 0 0
PERIPHONICS CORP COMCommon 714005105 375 59400 Sole 59,400 0 0
PETCO ANIMAL SUPPLIECommon 716016100 474 47400 Sole 47,400 0 0
PHARMACIA & UPJOHN ICommon 716941109 3873 62100 Sole 62,100 0 0
PFIZER INC COM $0.10Common 717081103 22763 164055 Sole 164,055 0 0
PHILIP MORRIS COS INCommon 718154107 5581 158600 Sole 158,600 0 0
PHILLIPS PETE CO COMCommon 718507106 4418 93510 Sole 93,510 0 0
PHOTRONICS INC Common 719405102 430 23100 Sole 23,100 0 0
PILGRIMS PRIDE CORP Common 721467108 1047 63700 Sole 63,700 0 0
PINNACLE HLDGS INC CCommon 72346N101 470 31100 Sole 31,100 0 0
PINNACLE WEST CAP COCommon 723484101 3798 104410 Sole 104,410 0 0
POST PPTYS INC COM Common 737464107 962 26534 Sole 26,534 0 0
POWERHOUSE TECHNOLOGCommon 739323103 1856 108000 Sole 108,000 0 0
PRAXAIR INC COM Common 74005P104 1183 32800 Sole 32,800 0 0
PREMARK INTL INC COMCommon 740459102 4562 138500 Sole 138,500 0 0
PRESIDENTIAL LIFE COCommon 740884101 872 48600 Sole 48,600 0 0
PRIORITY HEALTHCARE Common 74264T102 784 17328 Sole 17,328 0 0
PROCTER & GAMBLE CO Common 742718109 14456 147600 Sole 147,600 0 0
PROLOGIS TR SH BEN ICommon 743410102 657 32053 Sole 32,053 0 0
PROXIM INC COM Common 744284100 380 13200 Sole 13,200 0 0
PUBLIC SVC CO N MEX Common 744499104 1953 114900 Sole 114,900 0 0
PUBLIC SVC ENTERPRISCommon 744573106 6408 167800 Sole 167,800 0 0
PUBLIC STORAGE INC CCommon 74460D109 968 38736 Sole 38,736 0 0
PULTE CORP COM Common 745867101 2689 129200 Sole 129,200 0 0
QUAKER OATS CO COM Common 747402105 1198 19200 Sole 19,200 0 0
QUEST DIAGNOSTICS INCommon 74834L100 1164 52300 Sole 52,300 0 0
QUINTILES TRANSNATIOCommon 748767100 3072 81376 Sole 81,376 0 0
QUORUM HEALTH GROUP Common 749084109 282 28150 Sole 28,150 0 0
RJR NABISCO HLDGS COCommon 74960K876 2429 97164 Sole 97,164 0 0
RF MICRO DEVICES INCCommon 749941100 1281 13383 Sole 13,383 0 0
RALSTON PURINA CO COCommon 751277302 2287 85690 Sole 85,690 0 0
RARE HOSPITALITY INTCommon 753820109 578 42000 Sole 42,000 0 0
RAYTHEON CO Common 755111309 647 11200 Sole 11,200 0 0
RAYTHEON CO CL B Common 755111408 616 10500 Sole 10,500 0 0
REGIS CORP MINN COM Common 758932107 683 25650 Sole 25,650 0 0
RELIANCE STL & ALUM Common 759509102 827 28700 Sole 28,700 0 0
RENAISSANCE WORLDWIDCommon 75968A109 309 50000 Sole 50,000 0 0
REPUBLIC N Y CORP COCommon 760719104 4488 97300 Sole 97,300 0 0
RESPIRONICS INC Common 761230101 719 54500 Sole 54,500 0 0
RIGHT MGMT CONSULTANCommon 766573109 381 24100 Sole 24,100 0 0
RITE AID CORP COM Common 767754104 1363 54500 Sole 54,500 0 0
ROCHESTER GAS & ELECCommon 771367109 1081 42200 Sole 42,200 0 0
ROCK-TENN CO CL A Common 772739207 357 23200 Sole 23,200 0 0
ROCKWELL INTL CORP NCommon 773903109 2109 49700 Sole 49,700 0 0
ROHM & HAAS CO COM Common 775371107 386 11500 Sole 11,500 0 0
ROLLINS TRUCK LEASINCommon 775741101 857 90850 Sole 90,850 0 0
ROSLYN BANCORP INC CCommon 778162107 623 36900 Sole 36,900 0 0
RYANS FAMILY STEAK HCommon 783519101 1285 106500 Sole 106,500 0 0
RYLAND GROUP INC COMCommon 783764103 1220 48200 Sole 48,200 0 0
SBC COMMUNICATIONS ICommon 78387G103 789 16729 Sole 16,729 0 0
SAFEGUARD SCIENTIFICCommon 786449108 833 12340 Sole 12,340 0 0
SAFEWAY INC COM NEW Common 786514208 949 18500 Sole 18,500 0 0
ST PAULS COS INC COMCommon 792860108 1177 37900 Sole 37,900 0 0
SARA LEE CORP Common 803111103 772 31200 Sole 31,200 0 0
SCHEIN HENRY INC COMCommon 806407102 293 11600 Sole 11,600 0 0
SCHERING PLOUGH CORPCommon 806605101 7785 140800 Sole 140,800 0 0
SCHLUMBERGER LTD Common 806857108 891 14800 Sole 14,800 0 0
SCHOLASTIC CORP COM Common 807066105 1070 21900 Sole 21,900 0 0
SCHWAB CHARLES CORP Common 808513105 8755 91080 Sole 91,080 0 0
SCIENTIFIC GAMES HLDCommon 808747109 348 19600 Sole 19,600 0 0
SEAGATE TECHNOLOGY CCommon 811804103 449 15200 Sole 15,200 0 0
SEAGRAM LTD Common 811850106 9385 187700 Sole 187,700 0 0
SEALED AIR CORP NEW Common 81211K100 2868 58300 Sole 58,300 0 0
SEALED AIR CORP NEW Common 81211K209 1104 22300 Sole 22,300 0 0
SEARS ROEBUCK & CO CCommon 812387108 1438435 31832579 Shared 27,600 0 1410835
SECURITY DYNAMICS TECommon 814208104 579 31100 Sole 31,100 0 0
SELECTIVE INS GROUP Common 816300107 330 18700 Sole 18,700 0 0
SERVICE CORP INTL COCommon 817565104 297 20814 Sole 20,814 0 0
SHOPKO STORES INC COCommon 824911101 1425 47700 Sole 47,700 0 0
SHURGARD STORAGE CTRCommon 82567D104 391 15500 Sole 15,500 0 0
SIERRA PAC RES COM Common 826425100 651 18500 Sole 18,500 0 0
SIMON PPTY GROUP INCCommon 828806109 1119 40800 Sole 40,800 0 0
SILVON SOFTWARE INC Common 828999920 2518 475000 Sole 475,000 0 0
SILVON SOFTWARE INC Common 828999995 398 75000 Sole 75,000 0 0
SIMPSON INDS INC COMCommon 829060102 816 84800 Sole 84,800 0 0
SIPEX CORP COM Common 829909100 443 33900 Sole 33,900 0 0
SKYWEST INC COM Common 830879102 1155 40000 Sole 40,000 0 0
SMITH A O CORP COM Common 831865209 1101 57950 Sole 57,950 0 0
SMITH CHARLES E RESICommon 832197107 592 19200 Sole 19,200 0 0
SMITHKLINE BEECHAM PCommon 832378301 1745 24400 Sole 24,400 0 0
SOLUTIA INC COM Common 834376105 344 19805 Sole 19,805 0 0
SONIC CORP COM Common 835451105 403 14950 Sole 14,950 0 0
SOUTHERN CO COM Common 842587107 326 14000 Sole 14,000 0 0
SOUTHWEST AIRLS CO CCommon 844741108 3211 106150 Sole 106,150 0 0
SOUTHWEST GAS CORP CCommon 844895102 1251 45500 Sole 45,500 0 0
SPIEKER PPTYS INC COCommon 848497103 818 23200 Sole 23,200 0 0
SPORTSLINE USA INC CCommon 848934105 1072 23500 Sole 23,500 0 0
SPRINT CORPORATION Common 852061100 6898 70300 Sole 70,300 0 0
SPRINT CORP PCS COM Common 852061506 1549 34950 Sole 34,950 0 0
STANDARD COMMERCIAL Common 853258101 377 79400 Sole 79,400 0 0
STANDARD MTR PRODS ICommon 853666105 606 29300 Sole 29,300 0 0
STANDARD REGISTER COCommon 853887107 481 16200 Sole 16,200 0 0
STARWOOD HOTELS & RECommon 85590A203 417 14600 Sole 14,600 0 0
STERIS CORP COM Common 859152100 327 12300 Sole 12,300 0 0
STERLING SOFTWARE INCommon 859547101 720 30300 Sole 30,300 0 0
STEWART INFORMATION Common 860372101 728 21700 Sole 21,700 0 0
STRAYER ED INC Common 863236105 855 23100 Sole 23,100 0 0
STUDENT LN CORP COM Common 863902102 501 13400 Sole 13,400 0 0
SUMMIT BANCORP COM Common 866005101 554 14200 Sole 14,200 0 0
SUMMIT PPTYS INC COMCommon 866239106 342 20500 Sole 20,500 0 0
SUNGARD DATA SYSTEMSCommon 867363103 904 22608 Sole 22,608 0 0
SUNOCO INC COM Common 86764P109 4317 119720 Sole 119,720 0 0
SUPERIOR SVCS INC COCommon 868316100 905 45700 Sole 45,700 0 0
SUPERVALU INC COM Common 868536103 3191 154700 Sole 154,700 0 0
SYNOPSYS INC COM Common 871607107 1405 26137 Sole 26,137 0 0
SYSCO CORP Common 871829107 1100 41800 Sole 41,800 0 0
TJ INTL INC COM Common 872534102 1035 42900 Sole 42,900 0 0
TJX COS COM Common 872540109 3223 94800 Sole 94,800 0 0
TNP ENTERPRISES INC Common 872594106 957 33300 Sole 33,300 0 0
TANGER FACTORY OUTLECommon 875465106 331 17300 Sole 17,300 0 0
TARRANT APPAREL GROUCommon 876289109 651 15500 Sole 15,500 0 0
TAUBMAN CTRS INC COMCommon 876664103 331 27000 Sole 27,000 0 0
TECHNOLOGY SOLUTIONSCommon 87872T108 640 89825 Sole 89,825 0 0
TELLABS INC Common 879664100 1212 12400 Sole 12,400 0 0
TENET HEALTHCARE CORCommon 88033G100 1021 53900 Sole 53,900 0 0
TENNECO INC NEW COM Common 88037E101 539 19300 Sole 19,300 0 0
TETRA TECH INC NEW CCommon 88162G103 452 21483 Sole 21,483 0 0
TEXACO INC COM Common 881694103 5595 98586 Sole 98,586 0 0
TEXAS UTILS CO COM Common 882848104 1156 27700 Sole 27,700 0 0
THOMAS & BETTS CORP Common 884315102 485 12900 Sole 12,900 0 0
THOMAS INDS INC COM Common 884425109 741 39500 Sole 39,500 0 0
3COM CORP COM Common 885535104 1546 66300 Sole 66,300 0 0
TIME WARNER INC COM Common 887315109 33926 478050 Sole 478,050 0 0
TIMKEN CO COM Common 887389104 1749 107600 Sole 107,600 0 0
TOLLGRADECOMMUNICATICommon 889542106 499 30000 Sole 30,000 0 0
TOTAL RENAL CARE HLDCommon 89151A107 1117 101501 Sole 101,501 0 0
TRANSACTION NETWORK Common 893414102 619 37800 Sole 37,800 0 0
TRANSACTION SYS ARCHCommon 893416107 832 23100 Sole 23,100 0 0
TRANSAMERICA CORP COCommon 893485102 5524 77800 Sole 77,800 0 0
TRICON GLOBAL RESTAUCommon 895953107 1426 20300 Sole 20,300 0 0
TRIZEC HAHN CORP SUBCommon 896938107 404 21900 Sole 21,900 0 0
TYCO INTL LTD NEW COCommon 902124106 11839 165000 Sole 165,000 0 0
UAL CORP COM PAR $0.Common 902549500 4005 51430 Sole 51,430 0 0
UMB FINL CORP COM Common 902788108 473 12200 Sole 12,200 0 0
US BANCORP NEW COM Common 902973106 2854 83800 Sole 83,800 0 0
UNUM CORP COM Common 903192102 980 20600 Sole 20,600 0 0
UNICAPITAL CORP NEW Common 90459D108 525 82300 Sole 82,300 0 0
UNILEVER N V NEW YORCommon 904784501 1648 24800 Sole 24,800 0 0
UNION PAC RES GROUP Common 907834105 604 50900 Sole 50,900 0 0
UNISYS CORP COM Common 909214108 6958 251300 Sole 251,300 0 0
UNITED ILLUM CO COM Common 910637107 1053 25100 Sole 25,100 0 0
UNITED INTL HLDGS INCommon 910734102 459 10547 Sole 10,547 0 0
UNITED STATES FILTERCommon 911843209 698 22800 Sole 22,800 0 0
U S AIRWAYS GROUP INCommon 911905107 2509 51400 Sole 51,400 0 0
U S HOME CORP NEW COCommon 911920106 1060 32500 Sole 32,500 0 0
U S WEST INC NEW COMCommon 91273H101 7089 128740 Sole 128,740 0 0
UNITED TECHNOLOGIES Common 913017109 6731 49700 Sole 49,700 0 0
UNIVERSAL CORP VA COCommon 913456109 3051 119370 Sole 119,370 0 0
UNOCAL CORP COM Common 915289102 1307 35500 Sole 35,500 0 0
USFREIGHTWAYS CORP CCommon 916906100 1147 34900 Sole 34,900 0 0
USWEB CORP COM Common 917327108 888 21535 Sole 21,535 0 0
VALASSIS COMMUNICATICommon 918866104 916 17700 Sole 17,700 0 0
VANTIVE CORP COM Common 922091103 480 39800 Sole 39,800 0 0
VENTANA MED SYS INC Common 92276H106 425 19000 Sole 19,000 0 0
VERITAS SOFTWARE CORCommon 923436109 858 10626 Sole 10,626 0 0
VIACOM INC CL B COM Common 925524308 3219 38345 Sole 38,345 0 0
VISX INC DEL COM Common 92844S105 1729 16074 Sole 16,074 0 0
VITESSE SEMICONDUCTOCommon 928497106 1855 36637 Sole 36,637 0 0
WADDELL & REED FINL Common 930059100 480 23396 Sole 23,396 0 0
WAL MART STORES INC Common 931142103 8435 91500 Sole 91,500 0 0
WALL DATA INC COM Common 932045107 273 19000 Sole 19,000 0 0
WARNER LAMBERT CO COCommon 934488107 12930 195250 Sole 195,250 0 0
WASHINGTON FED INC CCommon 938824109 297 14160 Sole 14,160 0 0
WASHINGTON MUT INC CCommon 939322103 1173 28700 Sole 28,700 0 0
WELLMAN INC COM Common 949702104 604 68000 Sole 68,000 0 0
WELLS FARGO & CO NEWCommon 949746101 5095 145300 Sole 145,300 0 0
WESTERN WIRELESS CORCommon 95988E204 875 24142 Sole 24,142 0 0
WILLIAMETTE INDS INCCommon 969133107 449 11900 Sole 11,900 0 0
WIND RIV SYS INC COMCommon 973149107 466 26150 Sole 26,150 0 0
WINNEBAGO INDS INC CCommon 974637100 623 44500 Sole 44,500 0 0
XEROX CORP COM Common 984121103 4057 76000 Sole 76,000 0 0
XOMED SURGICAL PRODSCommon 98412V107 940 23955 Sole 23,955 0 0
XTRA CORP COM Common 984138107 487 12700 Sole 12,700 0 0
YELLOW CORP COM Common 985509108 2219 127700 Sole 127,700 0 0
ZALE CORP NEW COM Common 988858106 940 27500 Sole 27,500 0 0
ZEBRA TECHNOLOGIES CCommon 989207105 416 17500 Sole 17,500 0 0
ZEBRA TECHNOLOGIES CCommon 989207204 284 11970 Sole 11,970 0 0
ZENECA GROUP PLC ADRCommon 98934D106 2005 42600 Sole 42,600 0 0
GEMSTAR INTL GROUP LCommon G3788V106 3179 42241 Sole 42,241 0 0
ASM LITHOGRAPHY HLDGCommon N07059111 3665 81440 Sole 81,440 0 0
</TABLE>
