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Previous: HARBOR BANKSHARES CORP, 10QSB, 1999-11-09 |
Next: HYPERION 2002 TERM TRUST INC, SC 13D/A, 1999-11-09 |
FORM 13F
--------------------------
OMB APPROVAL
--------------------------
OMB Number 3235-0006
Expires: October 31, 2000
Estimated average
burden hours per
responses: ......... 24.7
--------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
------------------
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: Phoenix Home Life Mutual Insurance Company
--------------------------------------------------------------
Address: One American Row, Hartford, CT 06102-5056
--------------------------------------------------------------
Form 13F File Number: 28-3340
-------
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: John H. Beers
-------------------------------------------------------------
Title: Vice President and Associate General Counsel
-------------------------------------------------------------
Phone: (860) 403-5000
-------------------------------------------------------------
Signature, Place and Date of Signing:
/s/ John H. Beers
- ----------------------------------------------------------------------
- -----------
(Signature)
Hartford, CT
(City, State)
November 9, 1999
- ----------------------------------------------------------------------
(Date)
All securities with respect to which Phoenix Investment Counsel, Inc.
exercises investment discretion are being reported by Phoenix Home Life Mutual
Insurance Company, One American Row, Hartford, Connecticut. All securities with
respect to which Phoenix Investment Partners, Ltd. exercises investment
discretion, other than those as to which (a) Duff & Phelps Investment Management
Co. and its subsidiary, Phoenix Duff & Phelps Investment Advisors, (b) Seneca
Capital Management LLC, (c) Pasadena Capital Corporation and its subsidiary,
Roger Engemann & Associates, Inc., and (d) Zweig/Glaser Advisers, LLC and its
related subsidiaries exercise investment discretion, are reported by Phoenix
Home Life Mutual Insurance Company, One American Row, Hartford, Connecticut.
Duff & Phelps Investment Management Co., 55 East Monroe Street, Chicago,
Illinois separately reports securities as to which it or Phoenix Duff & Phelps
Investment Advisors exercises investment decision; Seneca Capital Management
LLC, 909 Montgomery Street, San Francisco, California, separately reports
securities as to which it exercises investment discretion; Roger Engemann &
Associates, Inc., 600 North Rosemead Boulevard, Pasadena, California reports,
for itself and its immediate parent, Pasadena Capital Corporation, securities as
to which it exercises investment discretion; and Zweig/Glaser Advisers, LLC, 900
Third Avenue, New York, NY reports for itself, and its related subsidiaries,
securities as to which it exercises investment discretion.
<PAGE>
Report Type (Check only one):
|X| 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).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 514
------------
Form 13F Information Table Value Total: $156,852,204
------------
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. 1
----------------------------------------------------------------------
Form 13F File Number 28-85
------------------------------------------------------
Name Phoenix Investment Counsel, Inc.
----------------------------------------------------------------------
No. 2
----------------------------------------------------------------------
Form 13F File Number 28-7284
------------------------------------------------------
Name Phoenix Investment Partners, Ltd.
----------------------------------------------------------------------
<PAGE>
FORM 13F
REPORTING MANAGER: PHOENIX MUTUAL LIFE INSURANCE
FOR THE QUARTER ENDED SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
NORTHAMPTON PULP LLC. COMMON 000000000 77,069 5,605 SH
ADC TELECOMMUNICATIONS INC COMMON 000886101 536,800 12,800 SH
AMFM INC. COMMON 001693100 23,108,150 379,600 SH
A M X CORPORATION COMMON 001801109 210,881 16,300 SH
AT & T CORP. COMMON 001957109 92,007,285 2,115,110 SH
LIBERTY MEDIA GROUP COMMON 001957208 87,886,577 2,367,300 SH
AXA FINANCIAL, INC. COMMON 002451102 3,147,825 56,400 SH
ABBOTT LABORATORIES COMMON 002824100 514,500 14,000 SH
ABERCROMBIE & FITCH CO. COMMON 002896207 1,570,281 46,100 SH
ACNIELSEN CORPORATION COMMON 004833109 13,613 600 SH
ADAPTEC INC. COMMON 00651F108 1,976,438 49,800 SH
ADOBE SYS INC COMMON 00724F101 215,650 1,900 SH
LUKINTER REGS CNV 3.5%'02 F.CV. BOND 007553544 4,563,375 7,075,000 PRN
AETNA, INC. COMMON 008117103 1,009,625 20,500 SH
AIRGATE PCS INC COMMON 009367103 497,500 20,000 SH
ALASKA AIR GROUP, INC. COMMON 011659109 370,256 9,100 SH
ALBERTO-CULVER CO-CL B COMMON 013068101 689,125 29,800 SH
ALUMINUM CO. AMERICA ALCOA COMMON 013817101 9,190,836 148,090 SH
ALCATEL ALSTHOM F.COM. ADR 013904305 4,037,625 145,500 SH
ALLIEDSIGNAL, INC. COMMON 019512102 18,496,713 308,600 SH
ALPHA INDUSTRIES INC COMMON 020753109 372,280 6,600 SH
A.L. PHARMA, INC. COMMON 020813101 17,656 500 SH
AMBAC FINANCIAL GROUP, INC. COMMON 023139108 1,089,625 23,000 SH
AMERADA HESS CORP COMMON 023551104 196,000 3,200 SH
AMERICA ONLINE, INC COMMON 02364J104 80,168,602 770,850 SH
AMERICAN DENTAL PARTNERS INC COMMON 025353103 333,438 27,500 SH
AMERICAN EXPRESS COMMON 025816109 10,298,813 76,500 SH
AMERICAN HOME PRODUCTS CORP. COMMON 026609107 4,523,500 109,000 SH
AMERICAN INTERNATIONAL GROUP, COMMON 026874107 54,874,863 631,199 SH
AMERICAN TOWER CORP. CL A COMMON 02991220 880,313 45,000 SH
AMERISOURSE HEALTH CORP. COMMON 03071P102 1,137,000 48,000 SH
AMERITECH CORP COMMON 030954101 5,294,375 78,800 SH
AMGEN, INC. COMMON 031162100 6,202,150 76,100 SH
AMKOR TECHNOLOGY INC COMMON 031652100 1,419,000 88,000 SH
ANADARKO PETROLEUM CORP. COMMON 032511107 10,718,269 350,700 SH
ANDRX CORP. COMMON 034551101 544,341 9,300 SH
ANHEUSER-BUSCH COMPANIES, INC. COMMON 035229103 6,733,006 96,100 SH
ANN TAYLOR STORES COMMON 036115103 645,825 15,800 SH
APACHE CORPORATION COMMON 037411105 3,601,838 83,400 SH
APPLE COMPUTER, INC. COMMON 037833100 3,133,971 49,500 SH
APRIA HEALTHCARE COMMON 037933108 219,425 13,100 SH
APPLIED MATERIALS, INC. COMMON 038222105 3,769,150 48,400 SH
APPLIED MICRO CIRCU. CORP COMMON 03822W10 775,200 13,600 SH
ARADIGM CORP COMMON STOCK COMMON 038505103 312,504 34,247 SH
ARTHROCARE CORP COMMON 043136100 1,966,500 36,000 SH
ARVIN INDUSTRIES COMMON 043339100 306,281 9,900 SH
ASIA PULP & PAPER F.COM. ADR 04516V100 134,850 23,200 SH
ASSISTED LIVING CONCEPTS 144A CONV CV. BOND 04543LAE9 199,338 370,000 PRN
AT HOME CORP - SER A COMMON 045919107 1,036,184 25,006 SH
ATLANTIC RICHFIELD CO. COMMON 048825103 5,654,275 63,800 SH
AUTODESK,INC COMMON 052769106 196,875 9,000 SH
AUTOMATIC DATA PROCESSING,INC. COMMON 053015103 6,158,250 138,000 SH
AVID TECHNOLOGY COMMON 05367P100 1,588,125 121,000 SH
AVON PRODUCTS, INC. COMMON 054303102 4,113,913 165,800 SH
AWARE INC COMMON 05453N100 28,688 1,000 SH
BP AMOCO PLC F.COM. ADR 055622104 48,081,322 433,898 SH
BMC SOFTWARE, INC. COMMON 055921100 14,537,922 203,150 SH
BAKER HUGHES, INC. COMMON 057224107 7,070,780 243,820 SH
BAKER HUGHES CV 0% 5/5/08 CV. BOND 057224AH0 1,519,875 2,100,000 PRN
BALL CORP. COMMON 058498106 132,188 3,000 PRN
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
NORTHAMPTON PULP LLC. 5,605 1 5,605
ADC TELECOMMUNICATIONS INC 12,800 1 12,800
AMFM INC. 379,600 1 379,600
A M X CORPORATION 16,300 1 16,300
AT & T CORP. 2,115,110 1 2,115,110
LIBERTY MEDIA GROUP 2,367,300 1 2,367,300
AXA FINANCIAL, INC. 56,400 1 56,400
ABBOTT LABORATORIES 14,000 1 14,000
ABERCROMBIE & FITCH CO. 46,100 1 46,100
ACNIELSEN CORPORATION 600 1 600
ADAPTEC INC. 49,800 1 49,800
ADOBE SYS INC 1,900 1 1,900
LUKINTER REGS CNV 3.5%'02 7,075,000 1 7,075,000
AETNA, INC. 20,500 1 20,500
AIRGATE PCS INC 20,000 1 20,000
ALASKA AIR GROUP, INC. 9,100 1 9,100
ALBERTO-CULVER CO-CL B 29,800 1 29,800
ALUMINUM CO. AMERICA ALCOA 148,090 1 148,090
ALCATEL ALSTHOM 145,500 1 145,500
ALLIEDSIGNAL, INC. 308,600 1 308,600
ALPHA INDUSTRIES INC 6,600 1 6,600
A.L. PHARMA, INC. 500 1 500
AMBAC FINANCIAL GROUP, INC. 23,000 1 23,000
AMERADA HESS CORP 3,200 1 3,200
AMERICA ONLINE, INC 770,850 1 770,850
AMERICAN DENTAL PARTNERS INC 27,500 1 27,500
AMERICAN EXPRESS 76,500 1 76,500
AMERICAN HOME PRODUCTS CORP. 109,000 1 109,000
AMERICAN INTERNATIONAL GROUP, 631,199 1 631,199
AMERICAN TOWER CORP. CL A 45,000 1 45,000
AMERISOURSE HEALTH CORP. 48,000 1 48,000
AMERITECH CORP 78,800 1 78,800
AMGEN, INC. 76,100 1 76,100
AMKOR TECHNOLOGY INC 88,000 1 88,000
ANADARKO PETROLEUM CORP. 350,700 1 350,700
ANDRX CORP. 9,300 1 9,300
ANHEUSER-BUSCH COMPANIES, INC. 96,100 1 96,100
ANN TAYLOR STORES 15,800 1 15,800
APACHE CORPORATION 83,400 1 83,400
APPLE COMPUTER, INC. 49,500 1 49,500
APRIA HEALTHCARE 13,100 1 13,100
APPLIED MATERIALS, INC. 48,400 1 48,400
APPLIED MICRO CIRCU. CORP 13,600 1 13,600
ARADIGM CORP COMMON STOCK 34,247 1 34,247
ARTHROCARE CORP 36,000 1 36,000
ARVIN INDUSTRIES 9,900 1 9,900
ASIA PULP & PAPER 23,200 1 23,200
ASSISTED LIVING CONCEPTS 144A CONV 370,000 1 370,000
AT HOME CORP - SER A 25,006 1 25,006
ATLANTIC RICHFIELD CO. 63,800 1 63,800
AUTODESK,INC 9,000 1 9,000
AUTOMATIC DATA PROCESSING,INC. 138,000 1 138,000
AVID TECHNOLOGY 121,000 1 121,000
AVON PRODUCTS, INC. 165,800 1 165,800
AWARE INC 1,000 1 1,000
BP AMOCO PLC 433,898 1 433,898
BMC SOFTWARE, INC. 203,150 1 203,150
BAKER HUGHES, INC. 243,820 1 243,820
BAKER HUGHES CV 0% 5/5/08 2,100,000 1 2,100,000
BALL CORP. 3,000 1 3,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
BANKAMERICA CORP. COMMON 060505104 46,214,420 829,889 SH
BANK ONE CORP. COMMON 06423A103 5,681,400 163,200 SH
BANK UNITED CORP COMMON 065412108 906,500 28,000 SH
BANKBOSTON CORP. COMMON 06605R106 529,175 12,200 SH
BARD C R INC COMMON 067383109 8,330,063 177,000 SH
BARR LABS INC. COMMON 068306109 76,200 2,400 SH
BAXTER INTERNATIONAL, INC. COMMON 071813109 22,400,950 371,800 SH
BEAR STEARNS COS., INC. COMMON 073902108 169,125 4,400 SH
BELL ATLANTIC CORP. COMMON 077853109 12,465,605 185,190 SH
BELLSOUTH CORP. COMMON 079860102 15,502,500 344,500 SH
BEST BUY CO., INC. COMMON 086516101 2,153,569 34,700 SH
BIOGEN, INC. COMMON 090597105 31,525 400 SH
BLACK & DECKER CORP. COMMON 091797100 571,094 12,500 SH
BLACK BOX CORPORATIO COMMON 091826107 2,572,500 49,000 SH
BLOCK,INC., H.& R. COMMON 093671105 2,415,125 55,600 SH
BLUESTONE SOFTWARE, INC. COMMON 09623P102 92,500 4,000 SH
BOB EVANS FARMS, INC. COMMON 096761101 354,525 17,400 SH
BOEING CO. COMMON 097023105 6,163,575 144,600 SH
BRADY CORPORATION COMMON 104674106 1,568,000 49,000 SH
BRIGGS & STRATTON COMMON 109043109 741,363 12,700 SH
BRISTOL-MYERS SQUIBB CO. COMMON 110122108 76,599,000 1,134,800 SH
BROADBASE SOFTWARE INC COMMON 11130R100 159,375 10,000 SH
BROOKTROUT TECH INC COMMON 114580103 564,469 40,500 SH
BRUNSWICK CORP. COMMON 117043109 99,500 4,000 SH
CBS CORPORATION COMMON 12490K107 37,189,625 804,100 SH
C-CUBE MICROSYSTEMS COMMON 125015107 3,523,500 81,000 SH
CIGNA CORP. COMMON 125509109 3,110,000 40,000 SH
CSG SYSTEMS INT'L, INC COMMON 126349109 537,163 19,600 SH
CVS CORP COMMON 126650100 375,475 9,200 SH
CAL DIVE INTERNATIONAL COMMON 127914109 376,750 11,000 SH
CALPINE CORPORATION COMMON 131347106 3,062,250 36,000 SH
CAPITAL ONE COMMON 14040H105 18,084,300 463,700 SH
CARDINAL HEALTH, INC. COMMON 14149Y108 32,228,575 591,350 SH
CARNIVAL CORP. COMMON 143658102 37,383,900 859,400 SH
CATERPILLAR, INC. COMMON 149123101 3,288,750 60,000 SH
CELL GENESYS COMMON 150921104 1,396,238 177,300 SH
CEMEX SA DE CV F.COM. ADR 151290889 887,800 36,800 SH
CENDANT CORP. COMMON 151313103 20,613,075 1,161,300 SH
CENTEX CORP. COMMON 152312104 777,494 26,300 SH
CENTEX CONSTRUCTION COMMON 15231R109 348,975 9,400 SH
CHARMING SHOPPES INC COMMON 161133103 315,188 61,500 SH
CHASE MANHATTAN CORP. COMMON 16161A108 22,898,925 303,800 SH
CHEVRON CORPORATION COMMON 166751107 2,130,000 24,000 SH
CHUBB CORP. COMMON 171232101 597,750 12,000 SH
CHURCH & DWIGHT COMMON 171340102 3,602,500 144,100 SH
CIENA CORP. COMMON 171779101 5,913,000 162,000 SH
CIRCUIT CITY STORES, INC. COMMON 172737108 687,656 16,300 SH
CISCO SYSTEMS, INC. COMMON 17275R102 142,354,333 2,076,271 SH
CITIGROUP INC COMMON 172967101 122,658,272 2,787,688 SH
CITRIX SYSTEMS, INC. COMMON 177376100 7,302,431 117,900 SH
CITY NATIONAL CORP. COMMON 178566105 1,909,706 56,900 SH
CLAIRE'S STORES INC. COMMON 179584107 1,656,250 100,000 SH
CLARK/BARDES HLDGS INC COM COMMON 180668105 11,459,250 555,600 SH
CLEAR CHANNELS COMMUNICATIONS, COMMON 184502102 27,892,350 349,200 SH
COCA-COLA FEMSA S.A. SPONSORED F.COM. ADR 191241108 338,406 24,500 SH
COLGATE-PALMOLIVE CO. COMMON 194162103 8,404,275 183,700 SH
COMAIR HOLDINGS INC COMMON 199789108 330,413 19,800 SH
COMERICA INC COMMON 20034010 860,625 17,000 SH
COMMERCE GROUP, INC. COMMON 200641108 667,000 29,000 SH
CIA ANONMIA TELEF DE VEN ADR F.COM. ADR 204421101 402,188 15,000 SH
COMPUTER ASSOCIATES INTERNATIO COMMON 204912109 15,631,000 255,200 SH
COMPUTER NETWORK COMMON 204925101 2,346,750 252,000 SH
COMPUWARE CORP. COMMON 205638109 7,651,950 293,600 SH
COMVERSE TECHNOLOGY, INC. COMMON 205862402 4,215,769 44,700 SH
CONAGRA, INC. COMMON 205887102 130,863 5,800 SH
CONCORD EFS, INC. COMMON 206197105 1,401,469 67,950 SH
CONECTIV INC. COMMON 206829103 5,888 300 SH
CONOCO INC. COMMON 208251306 18,969,900 683,600 SH
CONSOLIDATED EDISON, INC. COMMON 209115104 1,033,350 24,900 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
BANKAMERICA CORP. 829,889 1 829,889
BANK ONE CORP. 163,200 1 163,200
BANK UNITED CORP 28,000 1 28,000
BANKBOSTON CORP. 12,200 1 12,200
BARD C R INC 177,000 1 177,000
BARR LABS INC. 2,400 1 2,400
BAXTER INTERNATIONAL, INC. 371,800 1 371,800
BEAR STEARNS COS., INC. 4,400 1 4,400
BELL ATLANTIC CORP. 185,190 1 185,190
BELLSOUTH CORP. 344,500 1 344,500
BEST BUY CO., INC. 34,700 1 34,700
BIOGEN, INC. 400 1 400
BLACK & DECKER CORP. 12,500 1 12,500
BLACK BOX CORPORATIO 49,000 1 49,000
BLOCK,INC., H.& R. 55,600 1 55,600
BLUESTONE SOFTWARE, INC. 4,000 1 4,000
BOB EVANS FARMS, INC. 17,400 1 17,400
BOEING CO. 144,600 1 144,600
BRADY CORPORATION 49,000 1 49,000
BRIGGS & STRATTON 12,700 1 12,700
BRISTOL-MYERS SQUIBB CO. 1,134,800 1 1,134,800
BROADBASE SOFTWARE INC 10,000 1 10,000
BROOKTROUT TECH INC 40,500 1 40,500
BRUNSWICK CORP. 4,000 1 4,000
CBS CORPORATION 804,100 1 804,100
C-CUBE MICROSYSTEMS 81,000 1 81,000
CIGNA CORP. 40,000 1 40,000
CSG SYSTEMS INT'L, INC 19,600 1 19,600
CVS CORP 9,200 1 9,200
CAL DIVE INTERNATIONAL 11,000 1 11,000
CALPINE CORPORATION 36,000 1 36,000
CAPITAL ONE 463,700 1 463,700
CARDINAL HEALTH, INC. 591,350 1 591,350
CARNIVAL CORP. 859,400 1 859,400
CATERPILLAR, INC. 60,000 1 60,000
CELL GENESYS 177,300 1 177,300
CEMEX SA DE CV 36,800 1 36,800
CENDANT CORP. 1,161,300 1 1,161,300
CENTEX CORP. 26,300 1 26,300
CENTEX CONSTRUCTION 9,400 1 9,400
CHARMING SHOPPES INC 61,500 1 61,500
CHASE MANHATTAN CORP. 303,800 1 303,800
CHEVRON CORPORATION 24,000 1 24,000
CHUBB CORP. 12,000 1 12,000
CHURCH & DWIGHT 144,100 1 144,100
CIENA CORP. 162,000 1 162,000
CIRCUIT CITY STORES, INC. 16,300 1 16,300
CISCO SYSTEMS, INC. 2,076,271 1 2,076,271
CITIGROUP INC 2,787,688 1 2,787,688
CITRIX SYSTEMS, INC. 117,900 1 117,900
CITY NATIONAL CORP. 56,900 1 56,900
CLAIRE'S STORES INC. 100,000 1 100,000
CLARK/BARDES HLDGS INC COM 555,600 1 555,600
CLEAR CHANNELS COMMUNICATIONS, 349,200 1 349,200
COCA-COLA FEMSA S.A. SPONSORED 24,500 1 24,500
COLGATE-PALMOLIVE CO. 183,700 1 183,700
COMAIR HOLDINGS INC 19,800 1 19,800
COMERICA INC 17,000 1 17,000
COMMERCE GROUP, INC. 29,000 1 29,000
CIA ANONMIA TELEF DE VEN ADR 15,000 1 15,000
COMPUTER ASSOCIATES INTERNATIO 255,200 1 255,200
COMPUTER NETWORK 252,000 1 252,000
COMPUWARE CORP. 293,600 1 293,600
COMVERSE TECHNOLOGY, INC. 44,700 1 44,700
CONAGRA, INC. 5,800 1 5,800
CONCORD EFS, INC. 67,950 1 67,950
CONECTIV INC. 300 1 300
CONOCO INC. 683,600 1 683,600
CONSOLIDATED EDISON, INC. 24,900 1 24,900
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
COOPER COMPANIES, INC. COMMON 216648402 1,636,375 53,000 SH
COORS(ADOLPH) CO. CLASS B COMMON 217016104 654,913 12,100 SH
COPPER MOUNTAIN NETWORKS I COMMON 21751010 613,375 7,000 SH
CORDANT TECHNOLOGIES INC COMMON 218412104 544,831 17,900 SH
CORNING INCORPORATED COMMON 219350105 6,376,313 93,000 SH
COSTCO WHOLESALE CORP COMMON 22160K105 16,437,600 228,300 SH
COUNTRYWIDE CREDIT INDUSTRIES, COMMON 222372104 10,890,825 337,700 SH
CREDENCE SYSTEMS C S COMMON 225302108 426,313 9,500 SH
CREO PRODUCTS INC COMMON 225606102 368,445 15,000 SH
CROWN CASTLE INTERNATIONAL COMMON 228227104 3,341,297 178,500 SH
CULLEN/FROST BANKERS, INC. COMMON 229899109 2,505,000 100,200 SH
CUMULUS MEDIA INC CL A COMMON 231082108 490,320 15,000 SH
CYPRESS SEMICONDUCTOR CO COMMON 232806109 215,366 10,017 SH
D R HORTON INC COMMON 23331A109 117,731 9,100 SH
DETROIT EDISON CO. COMMON 233331107 2,759,950 76,400 SH
DALLAS SEMICONDUCTOR COMMON 235204104 2,832,188 53,000 SH
DARDEN RESTAURANTS INC. COMMON 237194105 1,028,988 52,600 SH
DAYTON HUDSON CORP. COMMON 239753106 2,216,306 36,900 SH
DELL COMPUTER CORP. COMMON 247025109 54,000,847 1,291,500 SH
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 4,264,594 265,500 SH
DELTA AIR LINES, INC. COMMON 247361108 310,400 6,400 SH
DELUXE CORP. COMMON 248019101 5,756,200 169,300 SH
DIAMOND OFFSHORE 3.75% 07 CV. BOND 25271CAA0 5,315,063 4,950,000 SH
DIAMONDS TRUST SRVCS COMMON 252787106 1,032,188 10,000 SH
DIEBOLD COMMON 253651103 3,098,750 134,000 SH
WALT DISNEY CO. COMMON 254687106 9,858,375 381,000 SH
DOMINION RESOURCES, INC. COMMON 257470104 1,425,950 31,600 SH
DOW CHEMICAL CO. COMMON 260543103 8,809,346 77,530 SH
DRIL-QUIP INC COMMON 262037104 357,000 14,000 SH
DU PONT (E.I.) DE NEMOURS & CO COMMON 263534109 6,909,313 113,500 SH
DUKE ENERGY CORP. COMMON 264399106 10,793,475 195,800 SH
DURA PHARMACEUTICALS COMMON 26632S109 2,717,813 195,000 SH
DYCOM INDUSTRIES COMMON 267475101 7,298,438 173,000 SH
EG & G.,INC. COMMON 268457108 919,669 23,100 SH
EMC CORP. COMMON 268648102 53,760,103 752,550 SH
ETEC SYSTEMS INC COMMON 26922C103 376,250 10,000 SH
E-TEK DYNAMICS INC COMMON 269240107 434,000 8,000 SH
EARTHGRAINS CO. COMMON 270319106 1,577,513 71,300 SH
EASTMAN KODAK CO. COMMON 277461109 5,356,944 71,000 SH
EATON CORP. COMMON 278058102 3,556,075 41,200 SH
ECHOSTAR COMMUNICATIONS COMMON 27876210 908,125 10,000 SH
ECLIPSE SURGICAL COMMON 278849104 363,000 22,000 SH
EDISON INTERNATIONAL COMMON 281020107 846,075 34,800 SH
EDWARDS (J.D.) & CO. COMMON 281667105 3,501,469 169,000 SH
EDWARDS (A.G.), INC. COMMON 281760108 97,588 3,700 SH
EL PASO ENERGY CORP. COMMON 283905107 246,838 6,200 SH
ELAN PLC SPONSORED ADR (IRELAN F.COM. ADR 284131208 21,352,463 636,200 SH
ELECTRO SCIENTIFIC INDS INC COMMON 285229100 399,609 7,500 SH
ELECTROGLAS INC COMMON 285324109 432,438 18,500 SH
ELECTRONIC DATA SYSTEMS CORP. COMMON 285661104 26,548,156 501,500 SH
ELECTRONICS FOR IMAGING, INC. COMMON 286082102 498,641 9,700 SH
ENERGY EAST CORPORATION COMMON 29266M109 3,213,375 135,300 SH
EQUITABLE RESOURCES, INC. COMMON 294549100 2,869,969 75,900 SH
EXXON CORP COMMON 302290101 6,280,388 82,700 SH
FPL GROUP, INC. COMMON 302571104 105,788 2,100 SH
FAIRCHILD SEMICON COMMON 303726103 1,645,000 70,000 SH
FAMILY DOLLAR STORES COMMON 307000109 226,038 10,700 SH
FDX CORP. COMMON 31304N107 1,705,000 44,000 SH
FREDDIE MAC COMMON 313400301 35,724,000 687,000 SH
FEDERAL NATIONAL MORTGAGE ASSO COMMON 313586109 12,913,628 206,000 SH
FEDERATED DEPARTMENT STORES, I COMMON 31410H101 1,236,356 28,300 SH
FIRST DATA CORP. COMMON 319963104 2,707,088 61,700 SH
FIRST HEALTH GROUP CORP COMMON 320960107 370,227 16,500 SH
FIRST UNION CORP. COMMON 337358105 1,618,094 45,500 SH
FLEET FINANCIAL GROUP, INC. COMMON 338915101 3,083,825 84,200 SH
FLEETWOOD ENTERPRISES COMMON 339099103 127,181 6,300 SH
FORD MOTOR CO. COMMON 345370100 16,341,988 325,600 SH
FOREST LABORATORIES, INC. CLAS COMMON 345838106 1,255,325 29,800 SH
JAMES RIVER CORP. OF VA. COMMON 347471104 2,209,725 82,800 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
COOPER COMPANIES, INC. 53,000 1 53,000
COORS(ADOLPH) CO. CLASS B 12,100 1 12,100
COPPER MOUNTAIN NETWORKS I 7,000 1 7,000
CORDANT TECHNOLOGIES INC 17,900 1 17,900
CORNING INCORPORATED 93,000 1 93,000
COSTCO WHOLESALE CORP 228,300 1 228,300
COUNTRYWIDE CREDIT INDUSTRIES, 337,700 1 337,700
CREDENCE SYSTEMS C S 9,500 1 9,500
CREO PRODUCTS INC 15,000 1 15,000
CROWN CASTLE INTERNATIONAL 178,500 1 178,500
CULLEN/FROST BANKERS, INC. 100,200 1 100,200
CUMULUS MEDIA INC CL A 15,000 1 15,000
CYPRESS SEMICONDUCTOR CO 10,017 1 10,017
D R HORTON INC 9,100 1 9,100
DETROIT EDISON CO. 76,400 1 76,400
DALLAS SEMICONDUCTOR 53,000 1 53,000
DARDEN RESTAURANTS INC. 52,600 1 52,600
DAYTON HUDSON CORP. 36,900 1 36,900
DELL COMPUTER CORP. 1,291,500 1 1,291,500
DELPHI AUTOMOTIVE SYSTEMS 265,500 1 265,500
DELTA AIR LINES, INC. 6,400 1 6,400
DELUXE CORP. 169,300 1 169,300
DIAMOND OFFSHORE 3.75% 07 4,950,000 1 4,950,000
DIAMONDS TRUST SRVCS 10,000 1 10,000
DIEBOLD 134,000 1 134,000
WALT DISNEY CO. 381,000 1 381,000
DOMINION RESOURCES, INC. 31,600 1 31,600
DOW CHEMICAL CO. 77,530 1 77,530
DRIL-QUIP INC 14,000 1 14,000
DU PONT (E.I.) DE NEMOURS & CO 113,500 1 113,500
DUKE ENERGY CORP. 195,800 1 195,800
DURA PHARMACEUTICALS 195,000 1 195,000
DYCOM INDUSTRIES 173,000 1 173,000
EG & G.,INC. 23,100 1 23,100
EMC CORP. 752,550 1 752,550
ETEC SYSTEMS INC 10,000 1 10,000
E-TEK DYNAMICS INC 8,000 1 8,000
EARTHGRAINS CO. 71,300 1 71,300
EASTMAN KODAK CO. 71,000 1 71,000
EATON CORP. 41,200 1 41,200
ECHOSTAR COMMUNICATIONS 10,000 1 10,000
ECLIPSE SURGICAL 22,000 1 22,000
EDISON INTERNATIONAL 34,800 1 34,800
EDWARDS (J.D.) & CO. 169,000 1 169,000
EDWARDS (A.G.), INC. 3,700 1 3,700
EL PASO ENERGY CORP. 6,200 1 6,200
ELAN PLC SPONSORED ADR (IRELAN 636,200 1 636,200
ELECTRO SCIENTIFIC INDS INC 7,500 1 7,500
ELECTROGLAS INC 18,500 1 18,500
ELECTRONIC DATA SYSTEMS CORP. 501,500 1 501,500
ELECTRONICS FOR IMAGING, INC. 9,700 1 9,700
ENERGY EAST CORPORATION 135,300 1 135,300
EQUITABLE RESOURCES, INC. 75,900 1 75,900
EXXON CORP 82,700 1 82,700
FPL GROUP, INC. 2,100 1 2,100
FAIRCHILD SEMICON 70,000 1 70,000
FAMILY DOLLAR STORES 10,700 1 10,700
FDX CORP. 44,000 1 44,000
FREDDIE MAC 687,000 1 687,000
FEDERAL NATIONAL MORTGAGE ASSO 206,000 1 206,000
FEDERATED DEPARTMENT STORES, I 28,300 1 28,300
FIRST DATA CORP. 61,700 1 61,700
FIRST HEALTH GROUP CORP 16,500 1 16,500
FIRST UNION CORP. 45,500 1 45,500
FLEET FINANCIAL GROUP, INC. 84,200 1 84,200
FLEETWOOD ENTERPRISES 6,300 1 6,300
FORD MOTOR CO. 325,600 1 325,600
FOREST LABORATORIES, INC. CLAS 29,800 1 29,800
JAMES RIVER CORP. OF VA. 82,800 1 82,800
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
FREMONT GENERAL CORP COMMON 35728810 332,500 35,000 SH
FRONTIER INS GROUP COMMON 359081106 778,750 89,000 SH
FULLER (H.B.) COMPANY COMMON 359694106 608,750 10,000 SH
GPU, INC. COMMON 36225X100 1,448,550 44,400 SH
GTE CORP. COMMON 362320103 8,748,375 113,800 SH
GALLAGHER -ARTHUR J. COMMON 363576109 3,338,775 62,700 SH
GAP, INC. COMMON 364760108 1,422,400 44,450 SH
GENERAL DYNAMICS CORP. COMMON 369550108 7,242,750 116,000 SH
GENERAL ELECTRIC CO. COMMON 369604103 143,344,439 1,213,220 SH
GENERAL INSTR COMMON 370120107 1,453,375 30,200 SH
GENERAL MILLS, INC. COMMON 370334104 6,879,400 84,800 SH
GENERAL MOTORS CORP. COMMON 370442105 5,928,715 94,200 SH
GENERAL MOTORS CORP. CLASS H COMMON 370442832 16,380,943 286,130 SH
GEON COMPANY COMMON 37246W105 324,450 12,600 SH
GENZYME CORP COMMON 372917104 58,581 1,300 SH
GENZYME SURGICAL PRODUCTS COMMON 37291760 25,172 4,475 SH
GEORGIA PACIFIC CORP. COMMON 373298108 3,713,850 91,700 SH
GILLETTE CO. COMMON 375766102 28,122,309 828,650 SH
THE GOLDMAN SACHS GROUP INC COMMON 38141G104 13,969,000 229,000 SH
GOODRICH CO., B.F. COMMON 382388106 3,804,800 131,200 SH
W.R. GRACE COMMON 38388F108 1,097,069 68,300 SH
GRANITE BROADCASTING COMMON 387241102 1,668,750 150,000 SH
GREENPOINT FINANCIAL CORP. COMMON 395384100 156,719 5,900 SH
GRUPO TELEVISA SPONSORED GDR F.COM. ADR 40049J206 359,438 9,000 SH
HCC INSURANCE HLDL COMMON 404132102 31,944 1,900 SH
HALLIBURTON CO. COMMON 406216101 17,430,330 425,130 SH
HARTFORD FINANCIAL SERVICES GR COMMON 416515104 2,158,200 52,800 SH
HASBRO, INC. COMMON 418056107 1,251,950 58,400 SH
HEALTHSOUTH CORP 3.25%, 4/1/2003 CV. BOND 421924AF8 3,090,000 4,000,000 SH
HEALTH CARE REIT COMMON 42217K106 1,180,000 59,000 SH
HEALTHEON CORP. COMMON 422209106 3,404,000 92,000 SH
HELLENIC TELECOMMUN ADR F.COM. ADR 423325307 372,688 33,500 SH
HERCULES, INC. COMMON 42705610 967,525 33,800 SH
HERSHEY FOODS CORP. COMMON 427866108 1,898,813 39,000 SH
HERTZ CORP COMMON 428040109 734,800 16,700 SH
HEWLETT PACKARD CO. COMMON 428236103 10,213,700 111,100 SH
HEWLETT-PACKARD CV. BOND 428236AC7 6,737,500 11,000,000 SH
HILB ROGAL AND HAMILTON CO COMMON 431294107 21,680,548 865,042 SH
HILTON HOTELS CORP. CONV.5 05/15/06 CV. BOND 432848AL3 3,616,875 4,500,000 SH
HOME DEPOT, INC. COMMON 437076102 98,600,400 1,436,800 SH
HOME DEP CV 3.25% 10/01/01 CV. BOND 437076AE2 3,704,688 1,250,000 SH
HONEYWELL, INC. COMMON 438506107 7,491,331 67,300 SH
HORACE MANN EDUCATORS CORP. COMMON 440327104 2,271,500 88,000 SH
HORMEL & CO., GEO.A. COMMON 440452100 1,879,719 45,500 SH
HOSPITALITY PROPERTIES TRUST COMMON 44106M102 529,500 24,000 SH
IDEC PHARMACEUTICALS CORP. COMMON 449370105 385,528 4,100 SH
ISS GROUP INC COMMON 450306105 849,710 31,182 SH
ITT INDUSTRIES, INC. COMMON 450911102 149,519 4,700 SH
IDEXX LABORATORIES COMMON 45168D104 187,684 10,900 SH
ILLINOIS TOOL WORKS, INC. COMMON 452308109 2,833,375 38,000 SH
INGERSOLL RAND CO. COMMON 456866102 2,323,856 42,300 SH
INTEGRATED DEVICES TECH., INC. COMMON 458118106 1,106,300 59,800 SH
INTEL CORP. COMMON 458140100 167,808,780 2,258,150 SH
INTERLINK ELECTRONICS INC COMMON 458751104 362,835 45,000 SH
INTERNAP NETWORK COMMON 45885A102 227,141 5,090 SH
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 140,931,806 1,161,150 SH
INTERNATIONAL GAME TECHNOLOGY COMMON 459902102 189,000 10,500 SH
INTERNATIONAL NETWORK SERVICES COM COMMON 460053101 924,375 17,000 SH
INTERNATIONAL PAPER CO. COMMON 460146103 4,878,344 101,500 SH
INTERPUBLIC GROUP OF COS.,INC. COMMON 460690100 22,182,825 539,400 SH
INTERPUBLIC 144A 1.80% CV 9/16/04 CV. BOND 460690AD2 2,871,875 2,500,000 SH
INTUIT INC COMMON 461202103 1,799,870 23,300 SH
I2 TECHNOLOG COMMON 465754109 3,803,625 98,000 SH
JOHNSON & JOHNSON COMMON 478160104 11,328,188 123,300 SH
JOHNSON CONTROLS, INC. COMMON 478366107 99,469 1,500 SH
JONES APPAREL GROUP, INC. COMMON 480074103 1,443,250 50,200 SH
JONES PHARMA INC. COMMON 480236108 1,355,016 41,100 SH
KLA TENCOR CORPORATION COMMON 48248010 1,300,000 20,000 SH
KMART CORPORATION COMMON 482584109 640,475 54,800 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
FREMONT GENERAL CORP 35,000 1 35,000
FRONTIER INS GROUP 89,000 1 89,000
FULLER (H.B.) COMPANY 10,000 1 10,000
GPU, INC. 44,400 1 44,400
GTE CORP. 113,800 1 113,800
GALLAGHER -ARTHUR J. 62,700 1 62,700
GAP, INC. 44,450 1 44,450
GENERAL DYNAMICS CORP. 116,000 1 116,000
GENERAL ELECTRIC CO. 1,213,220 1 1,213,220
GENERAL INSTR 30,200 1 30,200
GENERAL MILLS, INC. 84,800 1 84,800
GENERAL MOTORS CORP. 94,200 1 94,200
GENERAL MOTORS CORP. CLASS H 286,130 1 286,130
GEON COMPANY 12,600 1 12,600
GENZYME CORP 1,300 1 1,300
GENZYME SURGICAL PRODUCTS 4,475 1 4,475
GEORGIA PACIFIC CORP. 91,700 1 91,700
GILLETTE CO. 828,650 1 828,650
THE GOLDMAN SACHS GROUP INC 229,000 1 229,000
GOODRICH CO., B.F. 131,200 1 131,200
W.R. GRACE 68,300 1 68,300
GRANITE BROADCASTING 150,000 1 150,000
GREENPOINT FINANCIAL CORP. 5,900 1 5,900
GRUPO TELEVISA SPONSORED GDR 9,000 1 9,000
HCC INSURANCE HLDL 1,900 1 1,900
HALLIBURTON CO. 425,130 1 425,130
HARTFORD FINANCIAL SERVICES GR 52,800 1 52,800
HASBRO, INC. 58,400 1 58,400
HEALTHSOUTH CORP 3.25%, 4/1/2003 4,000,000 1 4,000,000
HEALTH CARE REIT 59,000 1 59,000
HEALTHEON CORP. 92,000 1 92,000
HELLENIC TELECOMMUN ADR 33,500 1 33,500
HERCULES, INC. 33,800 1 33,800
HERSHEY FOODS CORP. 39,000 1 39,000
HERTZ CORP 16,700 1 16,700
HEWLETT PACKARD CO. 111,100 1 111,100
HEWLETT-PACKARD 11,000,000 1 1,000,000
HILB ROGAL AND HAMILTON CO 865,042 1 865,042
HILTON HOTELS CORP. CONV.5 05/15/06 4,500,000 1 4,500,000
HOME DEPOT, INC. 1,436,800 1 1,436,800
HOME DEP CV 3.25% 10/01/01 1,250,000 1 1,250,000
HONEYWELL, INC. 67,300 1 67,300
HORACE MANN EDUCATORS CORP. 88,000 1 88,000
HORMEL & CO., GEO.A. 45,500 1 45,500
HOSPITALITY PROPERTIES TRUST 24,000 1 24,000
IDEC PHARMACEUTICALS CORP. 4,100 1 4,100
ISS GROUP INC 31,182 1 31,182
ITT INDUSTRIES, INC. 4,700 1 4,700
IDEXX LABORATORIES 10,900 1 10,900
ILLINOIS TOOL WORKS, INC. 38,000 1 38,000
INGERSOLL RAND CO. 42,300 1 42,300
INTEGRATED DEVICES TECH., INC. 59,800 1 59,800
INTEL CORP. 2,258,150 1 2,258,150
INTERLINK ELECTRONICS INC 45,000 1 45,000
INTERNAP NETWORK 5,090 1 5,090
INTERNATIONAL BUSINESS MACHINE 1,161,150 1 1,161,150
INTERNATIONAL GAME TECHNOLOGY 10,500 1 10,500
INTERNATIONAL NETWORK SERVICES COM 17,000 1 17,000
INTERNATIONAL PAPER CO. 101,500 1 101,500
INTERPUBLIC GROUP OF COS.,INC. 539,400 1 539,400
INTERPUBLIC 144A 1.80% CV 9/16/04 2,500,000 1 2,500,000
INTUIT INC 23,300 1 23,300
I2 TECHNOLOG 98,000 1 98,000
JOHNSON & JOHNSON 123,300 1 123,300
JOHNSON CONTROLS, INC. 1,500 1 1,500
JONES APPAREL GROUP, INC. 50,200 1 50,200
JONES PHARMA INC. 41,100 1 41,100
KLA TENCOR CORPORATION 20,000 1 20,000
KMART CORPORATION 54,800 1 54,800
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
KANSAS CITY SOUTHERN INDUSTRIE COMMON 485170104 4,643,750 100,000 SH
KAUFMAN & BROAD COMMON 486168107 59,813 2,900 SH
KEEBLER FOODS COMPANY COMMON 487256109 262,900 8,800 SH
KIMBERLY CLARK CORP. COMMON 494368103 9,293,775 177,000 SH
KNIGHT-RIDDER,INC. COMMON 499040103 3,232,138 58,900 SH
KOHLS CORP COMMON 500255104 9,406,281 142,250 SH
KROGER CO. COMMON 501044101 13,624,476 617,540 SH
LG&E ENERGY CORP. COMMON 501917108 1,821,125 85,700 SH
LSI LOGIC CORP. COMMON 50216110 901,250 17,500 SH
LTX CORP COMMON 502392103 390,108 28,500 SH
L-3 COMMUNICATIONS CORP. COMMON 502424104 1,604,375 42,500 SH
LAFARGE CORP. COMMON 505862102 1,281,788 39,900 SH
LAM RESEARCH CORP COMMON 512807108 719,800 11,800 SH
LANDS' END, INC. COMMON 515086106 2,409,000 36,500 SH
LASALLE HOTEL PRPTS COMMON 517942108 1,772,438 137,000 SH
LEAR CORPORATION COMMON 52186510 791,719 22,500 SH
LEHMAN BROTHERS HOLDINGS, INC. COMMON 524908100 1,492,800 25,600 SH
LENNAR CORPORATION COMMON 526057104 623,156 39,100 SH
LILLY (ELI),AND CO. COMMON 532457108 19,149,552 299,200 SH
LINCOLN NATIONAL CORP. COMMON 534187109 6,603,492 175,800 SH
LIQUID AUDIO INC COMMON 53631T102 370,000 10,000 SH
LITTELFUSE, INC. COMMON 537008104 812,125 36,500 SH
LOEWS CORP. COMMON 540424108 1,066,850 15,200 SH
LONE STAR STEAKHOUSE COMMON 542307103 714,938 93,000 SH
LONGS DRUG STORES, INC. COMMON 543162101 286,800 9,600 SH
LOUIS DREYFUS NATURAL GAS COM COMMON 546011107 6,177,143 288,140 SH
LOUISIANA-PACIFIC CORPORATION COMMON 546347105 2,646,875 169,400 SH
LOWE'S COMPANIES, INC. COMMON 548661107 2,730,000 56,000 SH
LUBRIZOL CORP COMMON 549271104 1,179,056 45,900 SH
LUCENT TECHNOLOGIES, INC. COMMON 549463107 77,162,325 1,189,400 SH
MBNA CORP. COMMON 55262L100 15,375,625 674,000 SH
MCI WORLDCOM, INC. COMMON 55268B106 155,790,338 2,167,518 SH
MDU RESOURCES GROUP, INC. COMMON 552690109 348,750 15,500 SH
MGIC INVT CORP. WIS COMMON 552848103 248,300 5,200 SH
MMC NETWORKS INC COM COMMON 55308N102 935,640 30,000 SH
MATAV RT F.COM. ADR 559776109 1,188,100 43,600 SH
MALLINCKRODT GROUP COMMON 561232109 473,944 15,700 SH
MANITOWOC CO INC COMMON 563571108 214,988 6,300 SH
MARSH & MCLENNAN COS., INC. COMMON 571748102 7,733,650 112,900 SH
MASCO CORP. COMMON 574599106 846,300 27,300 SH
MASTEC INC COMMON 576323109 1,619,063 55,000 SH
MATTEL, INC. COMMON 577081102 1,463,000 77,000 SH
MAVESA SA-SPONSORED F.COM. ADR 577717101 260,000 80,000 SH
MAYTAG CORPORATION COMMON 578592107 113,263 3,400 SH
MCDERMOTT INTL. INC. COMMON 580037109 157,950 7,800 SH
MCDONALDS CORP. COMMON 580135101 10,621,000 247,000 SH
MEAD CORP. COMMON 58283410 721,875 21,000 SH
MEDIAONE GROUP COMMON 58440J104 3,244,844 47,500 SH
MEDICIS PHARMACEUTICAL-CL A COMMON 584690309 151,050 5,300 SH
MEDSCAPE INC. COMMON 585046105 1,064,063 105,000 SH
MEDTRONIC, INC. COMMON 585055106 41,719,600 1,175,200 SH
MELLON BANK CORP. COMMON 585509102 34,445,250 1,020,600 SH
THE MEN'S WEARHOUSE COMMON 587118100 881,500 41,000 SH
MERCK & CO.,INC. COMMON 589331107 10,230,653 157,850 SH
MERITOR AUTOMOTIVE, INC. COMMON 59000G100 288,075 13,800 SH
MERRILL LYNCH & CO., INC. COMMON 590188108 4,555,988 67,800 SH
METTLER-TOLEDO INTL. COMMON 592688105 1,312,388 44,300 SH
MICROSOFT CORP COMMON 594918104 220,352,156 2,433,150 SH
MINNESOTA MINING & MFG CO. COMMON 604059105 7,973,188 83,000 SH
MINNESOTA POWER & LIGHT CO. COMMON 604110106 2,961,038 168,600 SH
MOBIL CORP. COMMON 607059102 503,750 5,000 SH
MONSANTO CO. COMMON 611662107 9,294,809 260,450 SH
J.P. MORGAN & CO., INC. COMMON 616880100 11,413,575 99,900 SH
MORGAN STANLEY, DEAN WITTER, D COMMON 617446448 82,776,705 928,120 SH
MOTOROLA, INC. COMMON 620076109 25,164,480 285,960 SH
MUELLER INDUSTRIES INCORPORATION COMMON 624756102 558,125 18,800 SH
MYLAN LABORATORIES, INC. COMMON 628530107 4,154,588 226,100 SH
NCR CORP. COMMON 62886E108 1,058,000 32,000 SH
NABORS INDUSTRIES, INC. COMMON 62956810 1,075,000 43,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
KANSAS CITY SOUTHERN INDUSTRIE 100,000 1 100,000
KAUFMAN & BROAD 2,900 1 2,900
KEEBLER FOODS COMPANY 8,800 1 8,800
KIMBERLY CLARK CORP. 177,000 1 177,000
KNIGHT-RIDDER,INC. 58,900 1 58,900
KOHLS CORP 142,250 1 142,250
KROGER CO. 617,540 1 617,540
LG&E ENERGY CORP. 85,700 1 85,700
LSI LOGIC CORP. 17,500 1 17,500
LTX CORP 28,500 1 28,500
L-3 COMMUNICATIONS CORP. 42,500 1 42,500
LAFARGE CORP. 39,900 1 39,900
LAM RESEARCH CORP 11,800 1 11,800
LANDS' END, INC. 36,500 1 36,500
LASALLE HOTEL PRPTS 137,000 1 137,000
LEAR CORPORATION 22,500 1 22,500
LEHMAN BROTHERS HOLDINGS, INC. 25,600 1 25,600
LENNAR CORPORATION 39,100 1 39,100
LILLY (ELI),AND CO. 299,200 1 299,200
LINCOLN NATIONAL CORP. 175,800 1 175,800
LIQUID AUDIO INC 10,000 1 10,000
LITTELFUSE, INC. 36,500 1 36,500
LOEWS CORP. 15,200 1 15,200
LONE STAR STEAKHOUSE 93,000 1 93,000
LONGS DRUG STORES, INC. 9,600 1 9,600
LOUIS DREYFUS NATURAL GAS COM 288,140 1 288,140
LOUISIANA-PACIFIC CORPORATION 169,400 1 169,400
LOWE'S COMPANIES, INC. 56,000 1 56,000
LUBRIZOL CORP 45,900 1 45,900
LUCENT TECHNOLOGIES, INC. 1,189,400 1 1,189,400
MBNA CORP. 674,000 1 674,000
MCI WORLDCOM, INC. 2,167,518 1 2,167,518
MDU RESOURCES GROUP, INC. 15,500 1 15,500
MGIC INVT CORP. WIS 5,200 1 5,200
MMC NETWORKS INC COM 30,000 1 30,000
MATAV RT 43,600 1 43,600
MALLINCKRODT GROUP 15,700 1 15,700
MANITOWOC CO INC 6,300 1 6,300
MARSH & MCLENNAN COS., INC. 112,900 1 112,900
MASCO CORP. 27,300 1 27,300
MASTEC INC 55,000 1 55,000
MATTEL, INC. 77,000 1 77,000
MAVESA SA-SPONSORED 80,000 1 80,000
MAYTAG CORPORATION 3,400 1 3,400
MCDERMOTT INTL. INC. 7,800 1 7,800
MCDONALDS CORP. 247,000 1 247,000
MEAD CORP. 21,000 1 21,000
MEDIAONE GROUP 47,500 1 47,500
MEDICIS PHARMACEUTICAL-CL A 5,300 1 5,300
MEDSCAPE INC. 105,000 1 105,000
MEDTRONIC, INC. 1,175,200 1 1,175,200
MELLON BANK CORP. 1,020,600 1 1,020,600
THE MEN'S WEARHOUSE 41,000 1 41,000
MERCK & CO.,INC. 157,850 1 157,850
MERITOR AUTOMOTIVE, INC. 13,800 1 13,800
MERRILL LYNCH & CO., INC. 67,800 1 67,800
METTLER-TOLEDO INTL. 44,300 1 44,300
MICROSOFT CORP 2,433,150 1 2,433,150
MINNESOTA MINING & MFG CO. 83,000 1 83,000
MINNESOTA POWER & LIGHT CO. 168,600 1 168,600
MOBIL CORP. 5,000 1 5,000
MONSANTO CO. 260,450 1 260,450
J.P. MORGAN & CO., INC. 99,900 1 99,900
MORGAN STANLEY, DEAN WITTER, D 928,120 1 928,120
MOTOROLA, INC. 285,960 1 285,960
MUELLER INDUSTRIES INCORPORATION 18,800 1 18,800
MYLAN LABORATORIES, INC. 226,100 1 226,100
NCR CORP. 32,000 1 32,000
NABORS INDUSTRIES, INC. 43,000 1 43,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
NATIONAL SEMICONDUCTOR CORP. COMMON 637640103 918,050 30,100 SH
NATIONAL SERVICES INDUSTRIES,I COMMON 637657107 481,950 15,300 SH
NAVIGANT CONSULTING CO. COMMON 63935N107 830,113 17,900 SH
NETWORK ASSOCIATES COMMON 640938106 612,000 32,000 SH
NETWORK ACCESS COMMON 64120S109 3,193,250 241,000 SH
NEWBRIDGE NETWORKS F.COM. ADR 650901101 3,883,313 149,000 SH
NIKE, INC. CLASS B COMMON 654106103 108,063 1,900 SH
NOKIA CORPORATION ADR F.COM. ADR 654902204 7,669,988 85,400 SH
NORTEL NETWORKS CORP. F.COM. ADR 656569100 12,981,030 254,530 SH
NORTHERN STATES POWER CO. COMMON 665772109 642,563 29,800 SH
NORTHROP GRUMMAN CORP COMMON 666807102 171,619 2,700 SH
NOVELL INC COMMON 670006105 275,144 13,300 SH
OAK INDUSTRIES INC. COMMON 671400505 1,564,000 46,000 SH
OF DEPOT CV 0% 11/1/08 CV. BOND 676220AB2 2,194,250 3,350,000 SH
OMNICOM GROUP, INC. COMMON 681919106 1,757,963 22,200 SH
ORACLE CORPORATION COMMON 68389X105 16,111,550 354,100 SH
OUTDOOR SYSTEMS, INC. COMMON 690057104 9,537,028 266,770 SH
OWENS CORNING COMMON 69073F103 557,369 25,700 SH
OXFORD HEALTH PLANS COMMON 691471106 377,500 30,200 SH
PECO ENERGY CO. COMMON 693304107 48,750 1,300 SH
PMC-SIERRA, INC. COMMON 69344F10 1,193,250 12,900 SH
THE PMI GROUP INC CS COMMON 69344M101 306,563 7,500 SH
PXRE CORP COMMON 693674103 9,272,262 636,700 SH
PACCAR, INC. COMMON 693718108 2,167,275 42,600 SH
PACIFICARE HLTH SYS COMMON 695112102 1,444,550 33,400 SH
PARADYNE NETWORKS INC COMMON 69911G107 980,000 35,000 SH
PARK PLACE ENTERTAINMENT COMMON 70069010 330,000 26,400 SH
PATTERSON DENTAL CO COMMON 703412106 882,213 17,800 SH
PAYCHEX, INC. COMMON 704326107 3,013,238 88,300 SH
PENTAIR INC. COMMON 709631105 184,575 4,600 SH
PEOPLESOFT INC COM COMMON 712713106 423,450 25,000 SH
PEPBOYS CV 0%, 9/20/11 CV. BOND 713278AJ8 4,285,969 7,775,000 SH
PEPSICO, INC. COMMON 713448108 28,528,775 943,100 SH
PT INDOSAT ADR F.COM. ADR 715680104 297,000 22,000 SH
PT TELEKOM F.COM. ADR 715684106 572,344 82,500 SH
PHARMACIA UPJOHN INC COMMON 716941109 4,168,500 84,000 SH
PFIZER INC COMMON 717081103 85,006,031 2,365,400 SH
PHILIP MORRIS COS., INC. COMMON 718154107 8,010,137 234,300 SH
PITNEY BOWES INC COMMON 724479100 3,351,563 55,000 SH
PLACER DOME INC. F.COM. ADR 725906101 409,063 27,500 SH
POHANG IRON & STEEL COMPANY LTD- SPONS ADR F.COM. ADR 730450103 344,438 11,000 SH
POPE & TALBOT INC COMMON 732827100 371,250 30,000 SH
POTOMAC ELECTRIC POWER CO COMMON 737679100 33,069 1,300 SH
POWERWAVE TECHNOLOGIES COM COMMON 739363109 482,187 10,000 SH
PREMARK INTL., INC. COMMON 740459102 2,772,450 54,900 SH
PROCTER & GAMBLE CO. COMMON 742718109 49,991,250 533,240 SH
PROVIDIAN FINANCIAL CORP. COMMON 74406A102 435,531 5,500 SH
PUGET SOUND ENERGY COMMON 745332106 650,688 29,000 SH
PULTE CORP. COMMON 745867101 419,775 19,300 SH
QUAKER OATS COMPANY COMMON 747402105 6,175,125 99,800 SH
QUALCOMM INC. COMMON 747525103 510,806 2,700 SH
QUANTA SERVICES, INC. COMMON 74762E102 1,729,438 59,000 SH
RFS HOTEL INVESTORS COMMON 74955J108 920,000 80,000 SH
RF MICRO DEVICES INC. COMMON 74994110 1,084,275 23,700 SH
RADIAN GROUP INC. COMMON 750236101 858,750 20,000 SH
RAMBUS, INC. COMMON 750917106 1,325,000 20,000 SH
RATIONAL SOFTWARE COMMON 75409P202 1,241,517 42,400 SH
READERS DIGEST ASSOCIATION, INC. COMMON 755267101 605,475 20,700 SH
ROBERTS PHARMA. COMMON 770491108 60,500 2,000 SH
ROCKWELL INTERNATIONAL CORP. COMMON 773903109 1,758,750 33,500 SH
ROSS STORES INC COMMON 778296103 929,775 46,200 SH
ROYAL DUTCH PETROLEUM CO ADR N F.COM. ADR 780257804 8,741,256 148,000 SH
SBC COMMUNICATIONS, INC. COMMON 78387G103 33,451,048 655,100 SH
SDL COMMON 78407610 969,169 12,700 SH
SLM HOLDING CORP. COMMON 78442A109 5,590,000 130,000 SH
STANDARD & POORS DEPOSITORY RE COMMON 78462F103 56,473,997 439,800 SH
SPX CORPORATION COMMON 78463510 1,270,500 14,000 SH
SAFEGUARD SCIENTIFICS INC COMMON 786449108 20,400 300 SH
SAFEWAY, INC. COMMON 786514208 8,373,750 220,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
NATIONAL SEMICONDUCTOR CORP. 30,100 1 30,100
NATIONAL SERVICES INDUSTRIES,I 15,300 1 15,300
NAVIGANT CONSULTING CO. 17,900 1 17,900
NETWORK ASSOCIATES 32,000 1 32,000
NETWORK ACCESS 241,000 1 241,000
NEWBRIDGE NETWORKS 149,000 1 149,000
NIKE, INC. CLASS B 1,900 1 1,900
NOKIA CORPORATION ADR 85,400 1 85,400
NORTEL NETWORKS CORP. 254,530 1 254,530
NORTHERN STATES POWER CO. 29,800 1 29,800
NORTHROP GRUMMAN CORP 2,700 1 2,700
NOVELL INC 13,300 1 13,300
OAK INDUSTRIES INC. 46,000 1 46,000
OF DEPOT CV 0% 11/1/08 3,350,000 1 3,350,000
OMNICOM GROUP, INC. 22,200 1 22,200
ORACLE CORPORATION 354,100 1 354,100
OUTDOOR SYSTEMS, INC. 266,770 1 266,770
OWENS CORNING 25,700 1 25,700
OXFORD HEALTH PLANS 30,200 1 30,200
PECO ENERGY CO. 1,300 1 1,300
PMC-SIERRA, INC. 12,900 1 12,900
THE PMI GROUP INC CS 7,500 1 7,500
PXRE CORP 636,700 1 636,700
PACCAR, INC. 42,600 1 42,600
PACIFICARE HLTH SYS 33,400 1 33,400
PARADYNE NETWORKS INC 35,000 1 35,000
PARK PLACE ENTERTAINMENT 26,400 1 26,400
PATTERSON DENTAL CO 17,800 1 17,800
PAYCHEX, INC. 88,300 1 88,300
PENTAIR INC. 4,600 1 4,600
PEOPLESOFT INC COM 25,000 1 25,000
PEPBOYS CV 0%, 9/20/11 7,775,000 1 7,775,000
PEPSICO, INC. 943,100 1 943,100
PT INDOSAT ADR 22,000 1 22,000
PT TELEKOM 82,500 1 82,500
PHARMACIA UPJOHN INC 84,000 1 84,000
PFIZER INC 2,365,400 1 2,365,400
PHILIP MORRIS COS., INC. 234,300 1 234,300
PITNEY BOWES INC 55,000 1 55,000
PLACER DOME INC. 27,500 1 27,500
POHANG IRON & STEEL COMPANY LTD- SPONS ADR 11,000 1 11,000
POPE & TALBOT INC 30,000 1 30,000
POTOMAC ELECTRIC POWER CO 1,300 1 1,300
POWERWAVE TECHNOLOGIES COM 10,000 1 10,000
PREMARK INTL., INC. 54,900 1 54,900
PROCTER & GAMBLE CO. 533,240 1 533,240
PROVIDIAN FINANCIAL CORP. 5,500 1 5,500
PUGET SOUND ENERGY 29,000 1 29,000
PULTE CORP. 19,300 1 19,300
QUAKER OATS COMPANY 99,800 1 99,800
QUALCOMM INC. 2,700 1 2,700
QUANTA SERVICES, INC. 59,000 1 59,000
RFS HOTEL INVESTORS 80,000 1 80,000
RF MICRO DEVICES INC. 23,700 1 23,700
RADIAN GROUP INC. 20,000 1 20,000
RAMBUS, INC. 20,000 1 20,000
RATIONAL SOFTWARE 42,400 1 42,400
READERS DIGEST ASSOCIATION, INC. 20,700 1 20,700
ROBERTS PHARMA. 2,000 1 2,000
ROCKWELL INTERNATIONAL CORP. 33,500 1 33,500
ROSS STORES INC 46,200 1 46,200
ROYAL DUTCH PETROLEUM CO ADR N 148,000 1 148,000
SBC COMMUNICATIONS, INC. 655,100 1 655,100
SDL 12,700 1 12,700
SLM HOLDING CORP. 130,000 1 130,000
STANDARD & POORS DEPOSITORY RE 439,800 1 439,800
SPX CORPORATION 14,000 1 14,000
SAFEGUARD SCIENTIFICS INC 300 1 300
SAFEWAY, INC. 220,000 1 220,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
ST. JUDE MEDICAL, INC. COMMON 790849103 9,450 300 SH
SANDISK CORP COMMON 80004C101 325,940 5,000 SH
SANMINA CORP COMMON 800907107 6,948,275 89,800 SH
SAP AG-SPONSORED ADR F.COM. ADR 803054204 4,492,250 119,000 SH
SCHERING PLOUGH CORP COMMON 806605101 39,709,656 910,250 SH
SCHLUMBERGER LTD. COMMON 806857108 8,898,225 142,800 SH
SCHWAB CHARLES CORP NEW COMMON 808513105 842,188 25,000 SH
SEARS ROEBUCK & CO COMMON 812387108 1,236,175 39,400 SH
AMEX FINANCIAL COMMON 81369Y605 774,375 35,000 SH
SELECTIVE INSURANCE GROUP, INC COMMON 816300107 245,375 13,000 SH
SEMPRA ENERGY COMMON 816851109 1,627,538 78,200 SH
SERVICEMASTER COMMON 81760N109 2,809,331 174,900 SH
SHOPNOW.COM INC-IPO COMMON 82508R105 23,250 2,000 SH
SIEBEL SYSTEMS, INC. COMMON 826170102 5,863,000 88,000 SH
SMURFIT-STONE CONTAINER CO COMMON 83272710 865,000 40,000 SH
SOLECTRON COMMON 834182107 10,419,994 145,100 SH
SOLUTIA, INC. COMMON 834376105 250,250 14,000 SH
SOURCE INFORMATION MGMT CO COMMON 836151209 283,750 20,000 SH
SOUTHDOWN INC. COMMON 841297104 631,300 11,800 SH
SOUTHWEST GAS CORP COMMON 844895102 218,198 8,100 SH
SPLASH TECHNOLOGY HOLDINGS COM COMMON 848623104 197,593 32,260 SH
SPLITROCK SERVICES, INC. COMMON 848636304 513,030 34,202 SH
SPRINT PCS W/I COMMON 852061506 44,738 600 SH
STAPLES, INC. COMMON 855030102 33,110,284 1,517,950 SH
STERLING SOFTWARE, INC. COMMON 859547101 682,000 34,100 SH
STMICROELECTRONICS N.V. F.COM. ADR 861012102 6,789,500 91,750 SH
SUN MICROSYSTEMS, INC. COMMON 866810104 73,096,140 785,980 SH
SUNGARD DATA SYSTEMS, INC. COMMON 867363103 278,913 10,600 SH
SUNSTONE HOTEL INVESTORS COMMON 867933103 1,303,750 149,000 SH
SUPERVALU COMMON 868536103 1,960,944 89,900 SH
SYNOPSYS INC. COMMON 871607107 932,194 16,600 SH
TJX CO., INC. COMMON 872540109 9,367,263 333,800 SH
TRW COMMON 872649108 194,025 3,900 SH
TAIWAN SEMICONDUCTOR F.COM. ADR 874039100 590,000 20,000 SH
TALBOTS COMMON 874161102 2,291,813 51,000 SH
TANDY CORP. COMMON 875382103 26,513,620 512,960 SH
TECUMSEH PRODUCTS CO. COMMON 878895200 1,383,450 27,600 SH
TELE CENTRO SUL PARTICIPACOES F.COM. ADR 879239101 233,100 4,200 SH
TELENORTE LESTE PART ADR F.COM. ADR 879246106 341,000 22,000 SH
TELE SUDESTE CULULAR PART ADR F.COM. ADR 879252104 236,500 11,000 SH
TELECOM ARGENTINA SA ADR F.COM. ADR 879273209 53,375 2,000 SH
TELEFLEX INCORPORATED COMMON 879369106 225,150 5,700 SH
TELEFONOS DE MEXICO SA ADR F.COM. ADR 879403780 1,154,250 16,200 SH
TELESP PART. SA ADR F.COM. ADR 87952K100 204,750 13,000 SH
TELLABS, INC. COMMON 879664100 49,364,813 867,000 SH
TENET HEALTHCARE CORP. COMMON 88033G100 35,125 2,000 SH
TERADYNE, INC COMMON 880770102 380,700 10,800 SH
TEXACO, INC. COMMON 881694103 8,663,906 137,250 SH
TEXAS INDUSTRIES INC COMMON 882491103 1,073,000 29,000 SH
TEXAS INSTRUMENTS INC COMMON 882508104 67,206,475 817,100 SH
TEXAS UTILITIES CO. COMMON 882848104 5,525,985 148,100 SH
THERMO ELECT CV 4.25% '03 CV. BOND 883556AF9 4,517,500 5,200,000 SH
3COM CORP. COMMON 885535104 3,381,000 117,600 SH
TIDEWATER INC. COMMON 886423102 58,650 2,300 SH
TIME WARNER, INC. COMMON 887315109 15,512,513 255,350 SH
TIMES MIRROR CO. CLASS A COMMON 887364107 427,781 6,500 SH
TIVO, INC. COMMON 888706108 74,844 2,500 SH
TOO INC. COMMON 890333107 807,188 45,000 SH
TOYS 'R' US INC COMMON 892335100 33,000 2,200 SH
TRICON GL RESTAURANT COMMON 895953107 896,531 21,900 SH
TRIGON HEALTHCARE COMMON 89618L100 1,923,075 66,600 SH
TUPPERWARE CORP. COMMON 899896104 2,642,625 130,500 SH
TUT SYSTEMS,INC COMMON 901103101 77,438 3,000 SH
TYCO INTERNATIONAL LTD. COMMON 902124106 123,126,658 1,192,510 SH
TYSON FOODS INC. COMMON 902494103 29,588 1,800 SH
UTI ENERGY COMMON 903387108 437,355 22,500 SH
ULTRAMAR COMMON 904000106 2,746,350 107,700 SH
UNILEVER N.V. F.COM. ADR 904784709 2,575,125 37,800 SH
UNICOM CORP. COMMON 904911104 875,419 23,700 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
ST. JUDE MEDICAL, INC. 300 1 300
SANDISK CORP 5,000 1 5,000
SANMINA CORP 89,800 1 89,800
SAP AG-SPONSORED ADR 119,000 1 119,000
SCHERING PLOUGH CORP 910,250 1 910,250
SCHLUMBERGER LTD. 142,800 1 142,800
SCHWAB CHARLES CORP NEW 25,000 1 25,000
SEARS ROEBUCK & CO 39,400 1 39,400
AMEX FINANCIAL 35,000 1 35,000
SELECTIVE INSURANCE GROUP, INC 13,000 1 13,000
SEMPRA ENERGY 78,200 1 78,200
SERVICEMASTER 174,900 1 174,900
SHOPNOW.COM INC-IPO 2,000 1 2,000
SIEBEL SYSTEMS, INC. 88,000 1 88,000
SMURFIT-STONE CONTAINER CO 40,000 1 40,000
SOLECTRON 145,100 1 145,100
SOLUTIA, INC. 14,000 1 14,000
SOURCE INFORMATION MGMT CO 20,000 1 20,000
SOUTHDOWN INC. 11,800 1 11,800
SOUTHWEST GAS CORP 8,100 1 8,100
SPLASH TECHNOLOGY HOLDINGS COM 32,260 1 32,260
SPLITROCK SERVICES, INC. 34,202 1 34,202
SPRINT PCS W/I 600 1 600
STAPLES, INC. 1,517,950 1 1,517,950
STERLING SOFTWARE, INC. 34,100 1 34,100
STMICROELECTRONICS N.V. 91,750 1 91,750
SUN MICROSYSTEMS, INC. 785,980 1 785,980
SUNGARD DATA SYSTEMS, INC. 10,600 1 10,600
SUNSTONE HOTEL INVESTORS 149,000 1 149,000
SUPERVALU 89,900 1 89,900
SYNOPSYS INC. 16,600 1 16,600
TJX CO., INC. 333,800 1 333,800
TRW 3,900 1 3,900
TAIWAN SEMICONDUCTOR 20,000 1 20,000
TALBOTS 51,000 1 51,000
TANDY CORP. 512,960 1 512,960
TECUMSEH PRODUCTS CO. 27,600 1 27,600
TELE CENTRO SUL PARTICIPACOES 4,200 1 4,200
TELENORTE LESTE PART ADR 22,000 1 22,000
TELE SUDESTE CULULAR PART ADR 11,000 1 11,000
TELECOM ARGENTINA SA ADR 2,000 1 2,000
TELEFLEX INCORPORATED 5,700 1 5,700
TELEFONOS DE MEXICO SA ADR 16,200 1 16,200
TELESP PART. SA ADR 13,000 1 13,000
TELLABS, INC. 867,000 1 867,000
TENET HEALTHCARE CORP. 2,000 1 2,000
TERADYNE, INC 10,800 1 10,800
TEXACO, INC. 137,250 1 137,250
TEXAS INDUSTRIES INC 29,000 1 29,000
TEXAS INSTRUMENTS INC 817,100 1 817,100
TEXAS UTILITIES CO. 148,100 1 148,100
THERMO ELECT CV 4.25% '03 5,200,000 1 5,200,000
3COM CORP. 117,600 1 117,600
TIDEWATER INC. 2,300 1 2,300
TIME WARNER, INC. 255,350 1 255,350
TIMES MIRROR CO. CLASS A 6,500 1 6,500
TIVO, INC. 2,500 1 2,500
TOO INC. 45,000 1 45,000
TOYS 'R' US INC 2,200 1 2,200
TRICON GL RESTAURANT 21,900 1 21,900
TRIGON HEALTHCARE 66,600 1 66,600
TUPPERWARE CORP. 130,500 1 130,500
TUT SYSTEMS,INC 3,000 1 3,000
TYCO INTERNATIONAL LTD. 1,192,510 1 1,192,510
TYSON FOODS INC. 1,800 1 1,800
UTI ENERGY 22,500 1 22,500
ULTRAMAR 107,700 1 107,700
UNILEVER N.V. 37,800 1 37,800
UNICOM CORP. 23,700 1 23,700
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
- ------ ------ ------ ------ ------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN PUT/CALL
-------------- ----- ------ ----- ------ ------ --------
<S> <C> <C> <C> <C> <C>
UNION PACIFIC CORP COMMON 907818108 2,484,831 51,700 SH
UNIONBANCAL CORPORATION COMMON 908906100 6,354,625 175,300 SH
UNISYS CORP COMMON 909214108 4,318,463 95,700 SH
UNIT CORP COMMON 909218109 264,688 35,000 SH
UNITED HEALTHCARE CORP. COMMON 910581107 696,231 14,300 SH
U.S. CELLULAR 0%, 6/15/15 CV. BOND 911684AA6 3,712,500 6,000,000 SH
UNITED TECHNOLOGIES COMMON 913017109 3,962,075 66,800 SH
UNIVERSAL ELECTRONICS INC COMMON 913483103 890,313 38,500 SH
USWEB CORP. COMMON 917327108 641,644 18,700 SH
UTILICORP UNITED, INC. DEL. COMMON 918005109 6,699,987 318,100 SH
VALASSIS COMMUNICATIONS, INC. COMMON 918866104 2,855,938 65,000 SH
VERIO INC COMMON 923433106 558,000 18,000 SH
VERITAS SOFTWARE CORP. COMMON 92343610 1,382,063 18,200 SH
VIACOM, INC. CLASS B COMMON 925524308 3,413,800 80,800 SH
VIASAT COMMON 92552V100 983,125 55,000 SH
VIGNETTE CORP COMMON 926734104 6,265,858 69,236 SH
VODAFONE GROUP PLC ADR F.COM. ADR 92857T107 31,727,738 133,450 SH
WMX TECH CV 2%, 1/24/05 CV. BOND 92929QAF4 3,838,650 4,710,000 SH
WACKENHUT CORP. CL A COMMON 929794105 849,250 43,000 SH
WAL-MART STORES, INC. COMMON 931142103 118,268,922 2,486,600 SH
WALGREEN CO. COMMON 931422109 20,452,250 806,000 SH
WARNER-LAMBERT CO. COMMON 934488107 23,596,313 355,500 SH
WASTE MANGEMENT CV. 4%, 2/1/02 CV. BOND 94106LAA7 2,358,500 2,650,000 SH
WATERS CORPORATION COMMON 941848103 5,935,125 98,000 SH
WEATHERFORD INTERNATIONAL COMMON 94707410 1,318,400 41,200 SH
WELLPOINT HEALTH NETWORKS COMMON 94973H108 1,031,700 18,100 SH
WELLS FARGO CO. COMMON 949746101 88,985,863 2,245,700 SH
WEYERHAUSER CO COMMON 962166104 639,638 11,100 SH
WHIRLPOOL CORP COMMON 963320106 2,364,966 36,210 SH
XILINX, INC. COMMON 98391910 1,310,625 20,000 SH
XEROX CORP. COMMON 984121103 2,851,750 68,000 SH
YAHOO! INC. COMMON 984332106 19,426,444 108,150 SH
YANKEE CANDLE CO COMMON 984757104 892,246 46,200 SH
YORK INTERNATIONAL COMMON 986670107 955,938 26,600 SH
ZALE CORP. COMMON 988858106 908,006 23,700 SH
RENAISSANCERE HOLDINGS F.COM. ADR G7496G103 763,125 22,000 SH
HILFIGER TOMMY CORP COMMON G8915Z102 4,199,938 149,000 SH
TRANSOCEAN OFFSHORE, INC. COMMON G90076103 5,512,500 180,000 SH
GILAT SATELLITE NETWORKS LTD F.COM. ADR M51474100 1,662,375 31,000 SH
ROYAL CARIBBEAN CRUISES COMMON V7780T103 3,735,000 83,000 SH
FLEXTRONICS INTERNATIONAL LTD COMMON Y2573F102 7,448,000 128,000 SH
TOTAL MARKET VALUE 156,852,204
</TABLE>
<TABLE>
<CAPTION>
ITEM 1 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------
VOTING AUTHORITY
INVESTMENT SOLE SHARED NONE
DISCRETION MANAGERS (A) (B) (C)
---------- -------- ---- ------ -----
<S> <C> <C> <C> <C> <C>
UNION PACIFIC CORP 51,700 1 51,700
UNIONBANCAL CORPORATION 175,300 1 175,300
UNISYS CORP 95,700 1 95,700
UNIT CORP 35,000 1 35,000
UNITED HEALTHCARE CORP. 14,300 1 14,300
U.S. CELLULAR 0%, 6/15/15 6,000,000 1 6,000,000
UNITED TECHNOLOGIES 66,800 1 66,800
UNIVERSAL ELECTRONICS INC 38,500 1 38,500
USWEB CORP. 18,700 1 18,700
UTILICORP UNITED, INC. DEL. 318,100 1 318,100
VALASSIS COMMUNICATIONS, INC. 65,000 1 65,000
VERIO INC 18,000 1 18,000
VERITAS SOFTWARE CORP. 18,200 1 18,200
VIACOM, INC. CLASS B 80,800 1 80,800
VIASAT 55,000 1 55,000
VIGNETTE CORP 69,236 1 69,236
VODAFONE GROUP PLC ADR 133,450 1 133,450
WMX TECH CV 2%, 1/24/05 4,710,000 1 4,710,000
WACKENHUT CORP. CL A 43,000 1 43,000
WAL-MART STORES, INC. 2,486,600 1 2,486,600
WALGREEN CO. 806,000 1 806,000
WARNER-LAMBERT CO. 355,500 1 355,500
WASTE MANGEMENT CV. 4%, 2/1/02 2,650,000 1 2,650,000
WATERS CORPORATION 98,000 1 98,000
WEATHERFORD INTERNATIONAL 41,200 1 41,200
WELLPOINT HEALTH NETWORKS 18,100 1 18,100
WELLS FARGO CO. 2,245,700 1 2,245,700
WEYERHAUSER CO 11,100 1 11,100
WHIRLPOOL CORP 36,210 1 36,210
XILINX, INC. 20,000 1 20,000
XEROX CORP. 68,000 1 68,000
YAHOO! INC. 108,150 1 108,150
YANKEE CANDLE CO 46,200 1 46,200
YORK INTERNATIONAL 26,600 1 26,600
ZALE CORP. 23,700 1 23,700
RENAISSANCERE HOLDINGS 22,000 1 22,000
HILFIGER TOMMY CORP 149,000 1 149,000
TRANSOCEAN OFFSHORE, INC. 180,000 1 180,000
GILAT SATELLITE NETWORKS LTD 31,000 1 31,000
ROYAL CARIBBEAN CRUISES 83,000 1 83,000
FLEXTRONICS INTERNATIONAL LTD 128,000 1 128,000
TOTAL MARKET VALUE
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