FORM 13F
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OMB APPROVAL
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OMB Number 3235-0006
Expires: October 31, 2000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
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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
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The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John H. Beers
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Title: Vice President
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Phone: (860) 403-5000
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Signature, Place and Date of Signing:
/s/ John H. Beers
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(Signature)
Hartford, CT
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(City, State)
February 10, 2000
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(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: 459
Form 13F Information Table Value Total: $3,141,992,265.00
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
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Form 13F File Number 28-85
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Name Phoenix Investment Counsel, Inc.
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No. 2
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Form 13F File Number 28-7284
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Name Phoenix Investment Partners, Ltd.
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<PAGE>
FORM 13F
REPORTING MANAGER: PHOENIX MUTUAL LIFE INSURANCE
FOR THE QUARTER ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
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VOTING
AUTHORITY
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FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL INVESTMENT SHARED
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SH/PRN DISCRETION MANAGERS (B)
- -------------- ----- ------ ----- ------ ------ ---------- -------- ---
<S> <C> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS INC COMMON 000886101 928,800 12,800 SH 12,800 1 12,800
AK STEEL HOLDING CORP COMMON 001547108 1,377,875 73,000 SH 73,000 1 73,000
AMFM INC. COMMON 001693100 20,039,825 256,100 SH 256,100 1 256,100
AT & T CORP. COMMON 001957109 59,305,131 1,168,558 SH 1,168,558 1 1,168,558
LIBERTY MEDIA GROUP COMMON 001957208 62,833,600 1,107,200 SH 1,107,200 1 1,107,200
AXA FINANCIAL, INC. COMMON 002451102 4,288,575 126,600 SH 126,600 1 126,600
ABBOTT LABORATORIES COMMON 002824100 1,205,575 33,200 SH 33,200 1 33,200
ABERCROMBIE & FITCH CO. CL A COMMON 002896207 669,856 25,100 SH 25,100 1 25,100
ACTUATE SOFTWARE CORP COMMON 00508B102 278,688 6,500 SH 6,500 1 6,500
ADAPTEC INC. COMMON 00651F108 2,483,775 49,800 SH 49,800 1 49,800
ADOBE SYS INC COMMON 00724F101 322,800 4,800 SH 4,800 1 4,800
AGILENT TECHNOLOGIES INC COMMON 00846U10 1,577,175 20,400 SH 20,400 1 20,400
ALASKA AIR GROUP, INC. COMMON 011659109 319,638 9,100 SH 9,100 1 9,100
ALBERTO-CULVER CO-CL B COMMON 013068101 769,213 29,800 SH 29,800 1 29,800
ALUMINUM CO. AMERICA ALCOA COMMON 013817101 4,477,850 53,950 SH 53,950 1 53,950
ALCATEL ALSTHOM F.COM. ADR 013904305 5,107,500 113,500 SH 113,500 1 113,500
ALPHA INDUSTRIES INC COMMON 020753109 378,266 6,600 SH 6,600 1 6,600
AMBAC FINANCIAL GROUP, INC. COMMON 023139108 1,487,344 28,500 SH 28,500 1 28,500
AMERADA HESS CORP COMMON 023551104 181,600 3,200 SH 3,200 1 3,200
AMERICA ONLINE, INC COMMON 02364J104 43,153,050 572,000 SH 572,000 1 572,000
AMERICAN EXPRESS COMMON 025816109 1,828,750 11,000 SH 11,000 1 11,000
AMERICAN FINANCIAL HOLDINGS COMMON 026075101 628,125 50,000 SH 50,000 1 50,000
AMERICAN HOME PRODUCTS CORP. COMMON 026609107 3,036,688 77,000 SH 77,000 1 77,000
AMERICAN INTERNATIONAL GROUP. COMMON 026874107 47,470,876 439,037 SH 439,037 1 439,037
AMERICAN STANDARD COMMON 029712106 1,848,763 40,300 SH 40,300 1 40,300
AMERICREDIT CORPORATION COMMON 03060R101 159,100 8,600 SH 8,600 1 8,600
AMGEN, INC. COMMON 031162100 4,468,653 74,400 SH 74,400 1 74,400
AMPHENOL CORP-CL A COMMON 032095101 3,361,406 50,500 SH 50,500 1 50,500
ANADARKO PETROLEUM CORP. COMMON 032511107 14,697,638 430,700 SH 430,700 1 430,700
ANDRX CORP. COMMON 034551101 1,074,738 25,400 SH 25,400 1 25,400
ANHEUSER-BUSCH COMPANIES, INC. COMMON 035229103 6,669,338 94,100 SH 94,100 1 94,100
ANN TAYLOR STORES COMMON 036115103 544,113 15,800 SH 15,800 1 15,800
APACHE CORPORATION COMMON 037411105 3,601,406 97,500 SH 97,500 1 97,500
APARTMENT INVT & MGMT CO COM COMMON 03748R101 304,410 7,646 SH 7,646 1 7,646
APPLE COMPUTER, INC. COMMON 037833100 3,022,688 29,400 SH 29,400 1 29,400
APRIA HEALTHCARE COMMON 037933108 234,981 13,100 SH 13,100 1 13,100
APPLIED MATERIALS, INC. COMMON 038222105 4,231,363 33,400 SH 33,400 1 33,400
ARADIGM CORP COMMON STOCK COMMON 038505103 325,347 34,247 SH 34,247 1 34,247
ARMOR HOLDINGS INC COMMON 04226010 91,875 7,000 SH 7,000 1 7,000
ARTHROCARE CORP COMMON 043136100 2,196,000 36,000 SH 36,000 1 36,000
ASIA PULP & PAPER F.COM. ADR 04516V100 182,700 23,200 SH 23,200 1 23,200
AT HOME CORP - SER A COMMON 045919107 1,715,071 40,002 SH 40,002 1 40,002
ATLANTIC RICHFIELD CO. COMMON 048825103 5,518,700 63,800 SH 63,800 1 63,800
AXA UAP SPONSORED ADR'S F.COM. ADR 054536107 205,900 2,900 SH 2,900 1 2,900
BJ SERVICES COMMON 055482103 2,454,394 58,700 SH 58,700 1 58,700
BP AMOCO PLC F.COM. ADR 055622104 51,471,150 867,796 SH 867,796 1 867,796
BALL CORP. COMMON 058498106 1,071,000 27,200 SH 27,200 1 27,200
BANCO DE GALICIA Y BUENOS AIRE F.COM. ADR 059538207 1,271,130 64,158 SH 64,158 1 64,158
BANCO SANTANDER ADR F.COM. ADR 05964H105 160,119 13,700 SH 13,700 1 13,700
BANK OF AMERICA CORP. COMMON 060505104 40,962,464 816,189 SH 816,189 1 816,189
BANK ONE CORP. COMMON 06423A103 5,793,694 180,700 SH 180,700 1 180,700
BANK UNITED CORP CLASS A COMMON 065412108 1,645,900 60,400 SH 60,400 1 60,400
BARD C R INC COMMON 067383109 9,381,000 177,000 SH 177,000 1 177,000
BAXTER INTERNATIONAL, INC. COMMON 071813109 24,264,469 386,300 SH 386,300 1 386,300
BELL ATLANTIC CORP. COMMON 077853109 5,479,065 89,000 SH 89,000 1 89,000
BELLSOUTH CORP. COMMON 079860102 12,063,585 257,700 SH 257,700 1 257,700
BEST BUY CO., INC. COMMON 086516101 1,952,294 38,900 SH 38,900 1 38,900
BLACK & DECKER CORP. COMMON 091797100 653,125 12,500 SH 12,500 1 12,500
BLACK BOX CORPORATIO COMMON 091826107 4,254,500 63,500 SH 63,500 1 63,500
BLOCK,INC., H.& R. COMMON 093671105 1,942,500 44,400 SH 44,400 1 44,400
BOEING CO. COMMON 097023105 6,254,173 150,500 SH 150,500 1 150,500
BOSTON PPTYS INC COMMON 101121101 254,136 8,165 SH 8,165 1 8,165
BRADY CORPORATION COMMON 104674106 1,662,938 49,000 SH 49,000 1 49,000
BRIGGS & STRATTON COMMON 109043109 681,038 12,700 SH 12,700 1 12,700
BRISTOL-MYERS SQUIBB CO. COMMON 110122108 46,028,859 717,100 SH 717,100 1 717,100
BOARDCOM CORP-CL A COMMON 111320107 745,218 2,736 SH 2,736 1 2,736
BROOKTROUT TECH INC COMMON 114580103 1,648,350 88,800 SH 88,800 1 88,800
CBS CORPORATION COMMON 12490K107 23,663,269 370,100 SH 370,100 1 370,100
C-CUBE MICROSYSTEMS COMMON 125015107 6,598,500 106,000 SH 106,000 1 106,000
CIGNA CORP. COMMON 125509109 3,834,775 47,600 SH 47,600 1 47,600
CSG SYSTEMS INT'L, INC COMMON 126349109 781,550 19,600 SH 19,600 1 19,600
CABLETRON SYSTEMS, INC. COMMON 126920107 2,865,200 110,200 SH 110,200 1 110,200
CAL DIVE INTERNATIONAL COMMON 127914109 364,375 11,000 SH 11,000 1 11,000
CALPINE CORPORATION COMMON 131347106 2,112,000 33,000 SH 33,000 1 33,000
CANADIAN NATIONAL RAILWAYS F.COM. ADR 136375102 665,706 25,300 SH 25,300 1 25,300
CAPITAL ONE COMMON 14040H105 9,329,100 193,600 SH 193,600 1 193,600
CARDINAL HEALTH, INC. COMMON 14149Y108 16,562,356 345,950 SH 345,950 1 345,950
CARNIVAL CORP. COMMON 143658102 19,899,563 416,200 SH 416,200 1 416,200
CATERPILLAR, INC. COMMON 149123101 2,988,469 63,500 SH 63,500 1 63,500
CELL GENESYS, INC. COMMON 15092110 76,875 6,000 SH 6,000 1 6,000
CELL PATHWAYS INC COMMON 15114R101 2,321,750 251,000 SH 251,000 1 251,000
CEMEX SA DE CV F.COM. ADR 151290889 1,025,800 36,800 SH 36,800 1 36,800
CENDANT CORP. COMMON 151313103 555,156 20,900 SH 20,900 1 20,900
CENTERPOINT PROPERTIES CORP COMMON 151895109 414,675 11,400 SH 11,400 1 11,400
CHARTER ONE FINANCIAL, INC. COMMON 160903100 77,456 4,050 SH 4,050 1 4,050
CHARMING SHOPPES INC COMMON 161133103 457,125 69,000 SH 69,000 1 69,000
CHARTER COMMUNICATIONS INC COMMON 16117M10 984,375 45,000 SH 45,000 1 45,000
CHASE MANHATTAN CORP. COMMON 16161A108 24,595,868 316,600 SH 316,600 1 316,600
CHEVRON CORPORATION COMMON 166751107 3,257,100 37,600 SH 37,600 1 37,600
CHURCH & DWIGHT COMMON 171340102 3,845,679 144,100 SH 144,100 1 144,100
CIRCUIT CITY STORES, INC. COMMON 172737108 1,496,075 33,200 SH 33,200 1 33,200
CISCO SYSTEMS, INC. COMMON 17275R102 108,923,500 1,016,789 SH 1,016,789 1 1,016,789
CITIGROUP, INC. COMMON 172967101 87,261,742 1,570,478 SH 1,570,478 1 1,570,478
CLAIRE'S STORES INC. COMMON 179584107 2,293,438 102,500 SH 102,500 1 102,500
CLARK/BARDES HLDGS INC COM COMMON 180668105 7,986,750 555,600 SH 555,600 1 555,600
CLEAR CHANNELS COMMUNICATIONS, COMMON 184502102 16,689,750 187,000 SH 187,000 1 187,000
CLOROX CO. COMMON 189054109 2,785,738 55,300 SH 55,300 1 55,300
COCA-COLA CO. COMMON 191216100 8,580,225 147,300 SH 147,300 1 147,300
COCA-COLA FEMSA S.A. SPONSORED F.COM. ADR 191241108 799,094 45,500 SH 45,500 1 45,500
COFLEXIP SA SPONSORED ADR (FRA F.COM. ADR 192384105 110,200 2,900 SH 2,900 1 2,900
COMMERCE GROUP, INC. COMMON 200641108 809,875 31,000 SH 31,000 1 31,000
COMMERCE ONE COMMON 200693109 18,058,350 91,900 SH 91,900 1 91,900
COMPANHIA PARANAENSE DE ENERGIA
(144A) ADR F.COM. ADR 20441B407 93,125 10,000 SH 10,000 1 10,000
COMPUTER ASSOCIATES INTERNATIO COMMON 204912109 2,573,700 36,800 SH 36,800 1 36,800
COMPUTER NETWORK COMMON 204925101 5,688,500 248,000 SH 248,000 1 248,000
COMPUWARE CORP. COMMON 205638109 1,590,575 42,700 SH 42,700 1 42,700
COMVERSE TECHNOLOGY, INC. COMMON 205862402 3,430,575 23,700 SH 23,700 1 23,700
CONAGRA, INC. COMMON 205887102 130,863 5,800 SH 5,800 1 5,800
CONCORD EFS, INC. COMMON 206197105 590,963 22,950 SH 22,950 1 22,950
CONOCO INC. COMMON 208251306 16,919,100 683,600 SH 683,600 1 683,600
CONSOLIDATED EDISON, INC. COMMON 209115104 859,050 24,900 SH 24,900 1 24,900
CONVERGYS CORP COMMON 212485106 519,675 16,900 SH 16,900 1 16,900
COOPER COMPANIES, INC. (THE) COMMON 216648402 3,087,813 102,500 SH 102,500 1 102,500
COORS(ADOLPH) CO. CLASS B COMMON 217016104 635,250 12,100 SH 12,100 1 12,100
COPPER MOUNTAIN NETWORK COMMON 217510106 1,312,984 26,933 SH 26,933 1 26,933
CORNERSTONE PPTYS INC COM COMMON 21922H103 334,913 22,900 SH 22,900 1 22,900
CORNING INCORPORATED COMMON 219350105 9,734,781 75,500 SH 75,500 1 75,500
COSTCO WHOLESALE CORP COMMON 22160K105 1,396,125 15,300 SH 15,300 1 15,300
CREDENCE SYSTEMS C S COMMON 225302108 821,750 9,500 SH 9,500 1 9,500
CREO PRODUCTS INC COMMON 225606102 518,913 13,500 SH 13,500 1 13,500
CROWN CASTLE INTERNATIONAL COMMON 228227104 7,097,344 220,929 SH 220,929 1 220,929
CULLEN/FROST BANKERS, INC. COMMON 229899109 4,261,625 165,500 SH 165,500 1 165,500
CUMULUS MEDIA INC CL A COMMON 231082108 634,375 12,500 SH 12,500 1 12,500
D R HORTON INC COMMON 23331A109 966,875 70,000 SH 70,000 1 70,000
DETROIT EDISON CO. COMMON 233331107 5,355,713 170,700 SH 170,700 1 170,700
DALLAS SEMICONDUCTOR COMMON 235204104 3,640,719 56,500 SH 56,500 1 56,500
DANAHER CORPORATION COMMON 235851102 91,675 1,900 SH 1,900 1 1,900
DARDEN RESTAURANTS INC. COMMON 237194105 953,375 52,600 SH 52,600 1 52,600
DAYTON HUDSON CORP. COMMON 239753106 2,709,844 36,900 SH 36,900 1 36,900
DELL COMPUTER CORP. COMMON 247025109 38,933,400 763,400 SH 763,400 1 763,400
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 4,110,750 261,000 SH 261,000 1 261,000
DELUXE CORP. COMMON 248019101 4,645,174 169,300 SH 169,300 1 169,300
DEVELOPERS DIVERSIFIED RLTY COM COMMON 251591103 138,548 10,761 SH 10,761 1 10,761
DIAMONDS TRUST SERIES I COMMON 252787106 1,267,063 11,000 SH 11,000 1 11,000
DIEBOLD COMMON 253651103 1,997,500 85,000 SH 85,000 1 85,000
DISCOUNT AUTO PARTS COMMON 254642101 643,025 35,600 SH 35,600 1 35,600
WALT DISNEY CO. COMMON 254687106 146,250 5,000 SH 5,000 1 5,000
DITECH COMMUNICATIONS CORP COMMON 25500M103 774,180 8,280 SH 8,280 1 8,280
DIVERSINET CORP COMMON 25536K204 440,000 20,000 SH 20,000 1 20,000
DOW CHEMICAL CO. COMMON 260543103 8,625,494 64,550 SH 64,550 1 64,550
DRIL-QUIP INC COMMON 262037104 425,250 14,000 SH 14,000 1 14,000
DSL.NET INC COMMON 262506108 440,344 30,500 SH 30,500 1 30,500
DU PONT (E.I.) DE NEMOURS & CO COMMON 263534109 856,375 13,000 SH 13,000 1 13,000
DUKE ENERGY CORP. COMMON 264399106 11,533,763 230,100 SH 230,100 1 230,100
DURA PHARMACEUTICALS COMMON 26632S109 3,791,000 272,000 SH 272,000 1 272,000
DYCOM INDUSTRIES, INC. COMMON 267475101 12,073,125 274,000 SH 274,000 1 274,000
EMC CORP. COMMON 268648102 6,784,425 62,100 SH 62,100 1 62,100
E-TEK DYNAMICS INC COMMON 269240107 2,019,375 15,000 SH 15,000 1 15,000
EASTMAN KODAK CO. COMMON 277461109 4,703,750 71,000 SH 71,000 1 71,000
EATON CORP. COMMON 278058102 2,411,150 33,200 SH 33,200 1 33,200
EDISON INTERNATIONAL COMMON 281020107 2,733,975 104,400 SH 104,400 1 104,400
EDWARDS (J.D.) & CO. COMMON 281667105 478,000 16,000 SH 16,000 1 16,000
EL PASO ENERGY CORP. COMMON 283905107 240,638 6,200 SH 6,200 1 6,200
ELAN PLC SPONSORED ADR (IRELAN F.COM. ADR 284131208 9,699,600 328,800 SH 328,800 1 328,800
ELECTRO SCIENTIFIC INDS INC COMMON 285229100 547,500 7,500 SH 7,500 1 7,500
ELECTRONIC DATA SYSTEMS CORP. COMMON 285661104 4,705,708 70,300 SH 70,300 1 70,300
ELECTRONICS FOR IMAGING, INC. COMMON 286082102 3,644,438 62,700 SH 62,700 1 62,700
ENERGY EAST CORPORATION COMMON 29266M109 3,024,062 145,300 SH 145,300 1 145,300
ENHANCE FINANCIAL COMMON 293310108 32,500 2,000 SH 2,000 1 2,000
EQUITABLE RESOURCES, INC. COMMON 294549100 2,533,163 75,900 SH 75,900 1 75,900
ERICSSON LM TEL CO ADR F.COM. ADR 294821400 3,015,056 45,900 SH 45,900 1 45,900
ESSEX PROPERTY TRUST INC COMMON 297178105 461,720 13,580 SH 13,580 1 13,580
FF HOLDINGS CORP. CLASS B COMMON 301923108 - 2,000 SH 2,000 1 2,000
EXXON MOBIL CORP. COMMON 30231G102 12,271,280 152,320 SH 152,320 1 152,320
FPL GROUP, INC. COMMON 302571104 89,906 2,100 SH 2,100 1 2,100
FREDDIE MAC COMMON 313400301 16,697,775 354,800 SH 354,800 1 354,800
FEDERAL NATIONAL MORTGAGE ASSO COMMON 313586109 8,235,509 130,900 SH 130,900 1 130,900
FEDERATED DEPARTMENT STORES, I COMMON 31410H101 2,275,313 45,000 SH 45,000 1 45,000
FIRST DATA CORP. COMMON 319963104 4,832,625 98,000 SH 98,000 1 98,000
FIRST HEALTH GROUP CORP COMMON 320960107 497,188 18,500 SH 18,500 1 18,500
FIRSTCOM CORPORATION COMMON 33763T104 25,140,675 684,100 SH 684,100 1 684,100
FLEET BOSTON CORP. COMMON 339030108 21 1 SH 1 1 1
FOMENTO ECON ADR F.COM. ADR 344419106 151,300 3,400 SH 3,400 1 3,400
FORD MOTOR CO. COMMON 345370100 18,471,476 345,700 SH 345,700 1 345,700
FOREST LABORATORIES, INC. CLAS COMMON 345838106 2,217,894 36,100 SH 36,100 1 36,100
JAMES RIVER CORP. OF VA. COMMON 347471104 2,266,650 82,800 SH 82,800 1 82,800
FULLER (H.B.) COMPANY COMMON 359694106 1,784,406 31,900 SH 31,900 1 31,900
GPU, INC. COMMON 36225X100 2,341,113 78,200 SH 78,200 1 78,200
GTE CORP. COMMON 362320103 8,841,481 125,300 SH 125,300 1 125,300
GADZOOX NETWORKS INC COMMON 362555104 2,896,906 66,500 SH 66,500 1 66,500
GALLAGHER -ARTHUR J. COMMON 363576109 4,059,825 62,700 SH 62,700 1 62,700
GANNETT CO, INC. COMMON 364730101 978,750 12,000 SH 12,000 1 12,000
GAP, INC. COMMON 364760108 2,044,700 44,450 SH 44,450 1 44,450
GENERAL DYNAMICS CORP. COMMON 369550108 9,864,250 187,000 SH 187,000 1 187,000
GENERAL ELECTRIC CO. COMMON 369604103 96,300,925 622,300 SH 622,300 1 622,300
GENERAL INSTR COMMON 370120107 1,334,500 15,700 SH 15,700 1 15,700
GENERAL MILLS, INC. COMMON 370334104 2,574,000 72,000 SH 72,000 1 72,000
GENERAL MOTORS CORP. COMMON 370442105 9,776,472 134,500 SH 134,500 1 134,500
GENERAL MOTORS CORP. CLASS H COMMON 370442832 17,894,400 186,400 SH 186,400 1 186,400
GEON COMPANY COMMON 37246W105 409,500 12,600 SH 12,600 1 12,600
GEORGIA PACIFIC CORP. COMMON 373298108 4,653,775 91,700 SH 91,700 1 91,700
GILLETTE CO. COMMON 375766102 5,066,063 123,000 SH 123,000 1 123,000
THE GOLDMAN SACHS GROUP INC COMMON 38141G104 6,310,563 67,000 SH 67,000 1 67,000
W.R. GRACE COMMON 38388F108 947,663 68,300 SH 68,300 1 68,300
GRUPO TELEVISA SPONSORED GDR F.COM. ADR 40049J206 409,500 6,000 SH 6,000 1 6,000
GUCCI GROUP F.COM. ADR 401566104 206,100 1,800 SH 1,800 1 1,800
GUESS? INC COMMON 401617105 435,000 20,000 SH 20,000 1 20,000
HALLIBURTON CO. COMMON 406216101 10,259,725 254,900 SH 254,900 1 254,900
HARTFORD FINANCIAL SERVICES GR COMMON 416515104 1,752,875 37,000 SH 37,000 1 37,000
HEALTH CARE REIT COMMON 42217K106 1,096,563 72,500 SH 72,500 1 72,500
HEALTHEON CORP. COMMON 422209106 4,800,000 128,000 SH 128,000 1 128,000
HERSHEY FOODS CORP. COMMON 427866108 997,500 21,000 SH 21,000 1 21,000
HERTZ CORP COMMON 428040109 837,088 16,700 SH 16,700 1 16,700
HEWLETT PACKARD CO. COMMON 428236103 11,894,138 104,400 SH 104,400 1 104,400
HEWLETT-PACKARD CV. BOND 428236AC7 2,735,000 4,000,000 PRN 4,000,000 1 4,000,000
HILB ROGAL AND HAMILTON CO COMMON 431294107 24,437,436 865,042 SH 865,042 1 865,042
HILTON HOTELS CORP. CONV.5
05/15/06 CV. BOND 432848AL3 3,414,375 4,500,000 PRN 4,500,000 1 4,500,000
HOME DEPOT, INC. COMMON 437076102 57,095,883 832,724 SH 832,724 1 832,724
HONEYWELL INTERNATIONAL INC COMMON 438516106 8,658,894 150,100 SH 150,100 1 150,100
HORACE MANN EDUCATORS CORP. COMMON 440327104 2,198,000 112,000 SH 112,000 1 112,000
HORMEL & CO., GEO.A. COMMON 440452100 1,848,438 45,500 SH 45,500 1 45,500
ICICI, LTD. ADR F.COM. ADR 44926P103 24,143 1,740 SH 1,740 1 1,740
ICICI LTD. F.COM. ADR 44926P202 221,250 15,000 SH 15,000 1 15,000
ISS GROUP INC COMMON 450306105 2,217,820 31,182 SH 31,182 1 31,182
ILLINOIS TOOL WORKS, INC. COMMON 452308109 2,972,750 44,000 SH 44,000 1 44,000
INFINITY BROADCASTING CORP COMMON 45662S10 995,156 27,500 SH 27,500 1 27,500
INFORMIX CORP COMMON 456779107 1,589,088 139,700 SH 139,700 1 139,700
INGERSOLL RAND CO. COMMON 456866102 4,256,331 77,300 SH 77,300 1 77,300
INTEGRATED DEVICES TECH., INC. COMMON 458118106 1,734,200 59,800 SH 59,800 1 59,800
INTEL CORP. COMMON 458140100 95,268,494 1,157,400 SH 1,157,400 1 1,157,400
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 68,600,913 635,200 SH 635,200 1 635,200
INTL HOME FOODS, INC. COMMON 459655106 2,206,625 127,000 SH 127,000 1 127,000
INTERNATIONAL GAME TECHNOLOGY COMMON 459902102 48,750 2,400 SH 2,400 1 2,400
INTERNATIONAL PAPER CO. COMMON 460146103 5,389,781 95,500 SH 95,500 1 95,500
INTERPUBLIC GROUP OF COS.,INC. COMMON 460690100 242,288 4,200 SH 4,200 1 4,200
INTERPUBLIC 144A 1.80%
CV 9/16/04 CV. BOND 460690AD2 3,925,000 2,500,000 PRN 2,500,000 1 2,500,000
INTERTAN INC COMMON 461120107 483,313 18,500 SH 18,500 1 18,500
INTUIT INC COMMON 461202103 4,189,660 69,900 SH 69,900 1 69,900
JOHNSON & JOHNSON COMMON 478160104 6,770,538 72,700 SH 72,700 1 72,700
JOHNSON CONTROLS, INC. COMMON 478366107 85,313 1,500 SH 1,500 1 1,500
JONES APPAREL GROUP, INC. COMMON 480074103 1,361,675 50,200 SH 50,200 1 50,200
JONES PHARMA INC. COMMON 480236108 1,785,281 41,100 SH 41,100 1 41,100
JUNIPER NETWORKS INC COMMON 48203R104 3,646,160 10,724 SH 10,724 1 10,724
KLA-TENCOR CORPORATION COMMON 482480100 1,069,200 9,600 SH 9,600 1 9,600
KMART CORPORATION COMMON 482584109 58,363 5,800 SH 5,800 1 5,800
KAUFMAN & BROAD COMMON 486168107 70,144 2,900 SH 2,900 1 2,900
KEEBLER FOODS COMPANY COMMON 487256109 247,500 8,800 SH 8,800 1 8,800
KELLOGG CO. COMMON 487836108 1,324,938 43,000 SH 43,000 1 43,000
KERR-MCGEE CORP. COMMON 492386107 4,811,200 77,600 SH 77,600 1 77,600
KIMBERLY CLARK CORP. COMMON 494368103 11,550,209 177,000 SH 177,000 1 177,000
KNIGHT-RIDDER,INC. COMMON 499040103 4,099,550 68,900 SH 68,900 1 68,900
KONINKLIJKE PHILIPS ELECTRONIC F.COM. ADR 500472204 260,820 1,932 SH 1,932 1 1,932
LG&E ENERGY CORP. COMMON 501917108 1,494,394 85,700 SH 85,700 1 85,700
LTX CORP COMMON 502392103 637,688 28,500 SH 28,500 1 28,500
L-3 COMMUNICATIONS CORP. COMMON 502424104 3,683,813 88,500 SH 88,500 1 88,500
LAM RESEARCH CORP COMMON 512807108 1,316,438 11,800 SH 11,800 1 11,800
LASALLE HOTEL PRPTS COMMON 517942108 2,027,781 173,500 SH 173,500 1 173,500
LEHMAN BROTHERS HOLDINGS, INC. COMMON 524908100 2,168,000 25,600 SH 25,600 1 25,600
LENNAR CORPORATION COMMON 526057104 568,750 35,000 SH 35,000 1 35,000
LILLY (ELI),AND CO. COMMON 532457108 7,461,300 112,200 SH 112,200 1 112,200
LINCOLN NATIONAL CORP. COMMON 534187109 4,652,000 116,300 SH 116,300 1 116,300
LIQUID AUDIO INC COMMON 53631T102 262,500 10,000 SH 10,000 1 10,000
LITTELFUSE, INC. COMMON 537008104 2,098,977 86,500 SH 86,500 1 86,500
LOEWS CORP. COMMON 540424108 922,450 15,200 SH 15,200 1 15,200
LONE STAR STEAKHOUSE COMMON 542307103 972,484 109,000 SH 109,000 1 109,000
LOUIS DREYFUS NATURAL GAS COM COMMON 546011107 5,222,536 288,140 SH 288,140 1 288,140
LOUISIANA-PACIFIC CORPORATION COMMON 546347105 1,457,775 102,300 SH 102,300 1 102,300
LOWE'S COMPANIES, INC. COMMON 548661107 3,967,400 66,400 SH 66,400 1 66,400
LUBRIZOL CORP COMMON 549271104 2,775,663 89,900 SH 89,900 1 89,900
LUCENT TECHNOLOGIES, INC. COMMON 549463107 17,809,535 238,018 SH 238,018 1 238,018
MBNA CORP. COMMON 55262L100 1,910,225 70,100 SH 70,100 1 70,100
MCI WORLDCOM, INC. COMMON 55268B106 43,556,522 820,853 SH 820,853 1 820,853
MGIC INVT CORP. WIS COMMON 552848103 722,250 12,000 SH 12,000 1 12,000
MMC NETWORKS INC COM COMMON 55308N102 1,031,250 30,000 SH 30,000 1 30,000
MACERICH CO COM COMMON 554382101 212,189 10,195 SH 10,195 1 10,195
MACK-CALI REALTY CORP COM COMMON 554489104 233,707 8,967 SH 8,967 1 8,967
MATAV RT F.COM. ADR 559776109 1,569,600 43,600 SH 43,600 1 43,600
MALLINCKRODT GROUP COMMON 561232109 499,456 15,700 SH 15,700 1 15,700
MANITOWOC CO INC COMMON 563571108 214,200 6,300 SH 6,300 1 6,300
MARSH & MCLENNAN COS., INC. COMMON 571748102 6,057,019 63,300 SH 63,300 1 63,300
MASTEC INC COMMON 576323109 9,856,750 221,500 SH 221,500 1 221,500
MAYTAG CORPORATION COMMON 578592107 96,000 2,000 SH 2,000 1 2,000
MEDIAONE GROUP, INC. COMMON 58440J104 3,687,000 48,000 SH 48,000 1 48,000
MEDICALOGIC INC COMMON 584642102 588,000 28,000 SH 28,000 1 28,000
MEDICIS PHARMACEUTICAL-CL A COMMON 584690309 225,581 5,300 SH 5,300 1 5,300
MEDQUIST, INC. COMMON 584949101 221,988 8,600 SH 8,600 1 8,600
MEDSCAPE INC. COMMON 585046105 50,000 5,000 SH 5,000 1 5,000
MELLON FINANCIAL CORP. COMMON 58551A108 10,641,125 312,400 SH 312,400 1 312,400
THE MEN'S WEARHOUSE COMMON 587118100 1,498,125 51,000 SH 51,000 1 51,000
MERCK & CO.,INC. COMMON 589331107 9,107,464 135,800 SH 135,800 1 135,800
MERRILL LYNCH & CO., INC. COMMON 590188108 5,660,627 67,800 SH 67,800 1 67,800
METRIS COMPA COMMON 591598107 57,100 1,600 SH 1,600 1 1,600
METTLER-TOLEDO INTL. COMMON 592688105 187,119 4,900 SH 4,900 1 4,900
MICROSOFT CORP COMMON 594918104 144,325,766 1,236,195 SH 1,236,195 1 1,236,195
MICRON TECH COMMON 595112103 2,311,741 29,733 SH 29,733 1 29,733
MILLER,INC., HERMAN COMMON 600544100 66,700 2,900 SH 2,900 1 2,900
MINNESOTA MINING & MFG CO. COMMON 604059105 3,748,613 38,300 SH 38,300 1 38,300
MINNESOTA POWER & LIGHT CO. COMMON 604110106 2,584,663 152,600 SH 152,600 1 152,600
MONSANTO CO. COMMON 611662107 356,250 10,000 SH 10,000 1 10,000
J.P. MORGAN & CO., INC. COMMON 616880100 12,130,675 95,800 SH 95,800 1 95,800
MORGAN STANLEY, DEAN WITTER, D COMMON 617446448 81,246,163 569,150 SH 569,150 1 569,150
MSDW INDIA INVESTMEN COMMON 61745C105 648,450 39,300 SH 39,300 1 39,300
MOTOROLA, INC. COMMON 620076109 28,375,075 192,700 SH 192,700 1 192,700
HEARME/MPATH INTERACTIVE INC COMMON 62473C101 1,402,126 52,662 SH 52,662 1 52,662
MUELLER INDUSTRIES INCORPORATION COMMON 624756102 681,500 18,800 SH 18,800 1 18,800
MURPHY OIL CORP COMMON 626717102 51,638 900 SH 900 1 900
NCR CORP. COMMON 62886E108 1,212,000 32,000 SH 32,000 1 32,000
NASDAQ - 100 SHARES COMMON 631100104 731,000 4,000 SH 4,000 1 4,000
NATIONAL SEMICONDUCTOR CORP. COMMON 637640103 1,198,750 28,000 SH 28,000 1 28,000
NATIONAL SERVICES INDUSTRIES,I COMMON 637657107 1,171,150 39,700 SH 39,700 1 39,700
NETWORK ACCESS COMMON 64120S109 8,959,500 271,500 SH 271,500 1 271,500
NEXTEL COMMUNICATIONS, INC. CL COMMON 65332V103 2,928,750 28,400 SH 28,400 1 28,400
NIKE, INC. CLASS B COMMON 654106103 604,663 12,200 SH 12,200 1 12,200
NOBLE AFFILIATES INC. COMMON 654894104 362,294 16,900 SH 16,900 1 16,900
NOKIA CORPORATION ADR F.COM. ADR 654902204 4,389,000 23,100 SH 23,100 1 23,100
NORTEL NETWORKS CORP. F.COM. ADR 656569100 9,918,200 98,200 SH 98,200 1 98,200
NUCOR CORP. COMMON 670346105 909,888 16,600 SH 16,600 1 16,600
OMNICOM GROUP, INC. COMMON 681919106 2,220,000 22,200 SH 22,200 1 22,200
ONYX SOFTWARE CORP COMMON 683402101 1,480,000 40,000 SH 40,000 1 40,000
ORACLE CORPORATION COMMON 68389X105 9,121,890 81,400 SH 81,400 1 81,400
OWENS CORNING COMMON 69073F103 1,886,831 97,700 SH 97,700 1 97,700
OXFORD HEALTH PLANS COMMON 691471106 383,163 30,200 SH 30,200 1 30,200
PECO ENERGY CO. COMMON 693304107 2,283,075 65,700 SH 65,700 1 65,700
PE CORP PE BIOSYSTEMS COMMON 69332S102 1,215,156 10,100 SH 10,100 1 10,100
THE PMI GROUP, INC. COMMON 69344M101 512,536 10,500 SH 10,500 1 10,500
PACIFICARE HLTH SYS COMMON 695112102 1,383,300 26,100 SH 26,100 1 26,100
PATTERSON DENTAL CO COMMON 703412106 758,725 17,800 SH 17,800 1 17,800
PAYCHEX, INC. COMMON 704326107 3,532,000 88,300 SH 88,300 1 88,300
NORTHAMPTON PULP LLC. COMMON 70868TA18 50,188 3,650 SH 3,650 1 3,650
PENTAIR INC. COMMON 709631105 177,100 4,600 SH 4,600 1 4,600
PEOPLESOFT INC COM COMMON 712713106 532,825 25,000 SH 25,000 1 25,000
PEPSICO, INC. COMMON 713448108 34,876,350 989,400 SH 989,400 1 989,400
PERKINELMER, INC. COMMON 714046109 917,125 22,000 SH 22,000 1 22,000
PT INDOSAT ADR F.COM. ADR 715680104 475,750 22,000 SH 22,000 1 22,000
PT TELEKOM F.COM. ADR 715684106 467,500 42,500 SH 42,500 1 42,500
PHARMACIA UPJOHN INC COMMON 716941109 3,780,000 84,000 SH 84,000 1 84,000
PFIZER INC COMMON 717081103 30,007,936 925,100 SH 925,100 1 925,100
PHILIP MORRIS COS., INC. COMMON 718154107 5,430,825 234,300 SH 234,300 1 234,300
PITNEY BOWES INC COMMON 724479100 2,029,125 42,000 SH 42,000 1 42,000
PLEXUS CORP. COMMON 729132100 910,800 20,700 SH 20,700 1 20,700
POPE & TALBOT INC COMMON 732827100 480,000 30,000 SH 30,000 1 30,000
POWERWAVE TECHNOLOGIES COM COMMON 739363109 467,000 8,000 SH 8,000 1 8,000
PRIVATE HEALTHCARE SYSTEMS INC COMMON 74266#118 406,540 2,000 SH 2,000 1 2,000
PROCTER & GAMBLE CO. COMMON 742718109 52,699,563 481,000 SH 481,000 1 481,000
PROVIDIAN FINANCIAL CORP. COMMON 74406A102 1,019,900 11,200 SH 11,200 1 11,200
PUB SERVICE ENTERPR GROUP COMMON 744573106 403,825 11,600 SH 11,600 1 11,600
PUGET SOUND ENERGY COMMON 745332106 561,875 29,000 SH 29,000 1 29,000
PULTE CORP. COMMON 745867101 434,250 19,300 SH 19,300 1 19,300
QRS CORP COMMON 74726X105 787,500 7,500 SH 7,500 1 7,500
QUAKER OATS COMPANY COMMON 747402105 5,184,375 79,000 SH 79,000 1 79,000
QUALCOMM INC. COMMON 747525103 3,102,000 17,600 SH 17,600 1 17,600
QUANTA SERVICES, INC. COMMON 74762E102 3,955,000 140,000 SH 140,000 1 140,000
R & B FALCON CORP. COMMON 74912E101 2,159,750 163,000 SH 163,000 1 163,000
RFS HOTEL INVESTORS COMMON 74955J108 730,625 70,000 SH 70,000 1 70,000
RADIAN GROUP INC. COMMON 750236101 1,766,750 37,000 SH 37,000 1 37,000
RADIO UNICA COMMUNICATIONS COMMON 75040Q106 360,938 12,500 SH 12,500 1 12,500
RAMBUS, INC. COMMON 750917106 3,304,438 49,000 SH 49,000 1 49,000
RATIONAL SOFTWARE COMMON 75409P202 2,082,900 42,400 SH 42,400 1 42,400
READERS DIGEST ASSOCIATION, INC. COMMON 755267101 605,475 20,700 SH 20,700 1 20,700
RECKSON ASSOCIATES RLTY COM COMMON 75621K106 290,772 14,184 SH 14,184 1 14,184
ROCKWELL INTERNATIONAL CORP. COMMON 773903109 804,300 16,800 SH 16,800 1 16,800
ROSS STORES INC COMMON 778296103 828,713 46,200 SH 46,200 1 46,200
ROYAL DUTCH PETROLEUM CO ADR N F.COM. ADR 780257804 8,946,181 148,000 SH 148,000 1 148,000
SBC COMMUNICATIONS, INC. COMMON 78387G103 37,776,375 774,900 SH 774,900 1 774,900
SLM HOLDING CORP. COMMON 78442A109 5,619,250 133,000 SH 133,000 1 133,000
STANDARD & POORS DEPOSITORY RE COMMON 78462F103 73,966,250 503,600 SH 503,600 1 503,600
S1 CORPORATION COMMON 78463B101 678,047 8,679 SH 8,679 1 8,679
SAFEWAY, INC. COMMON 786514208 7,788,188 219,000 SH 219,000 1 219,000
SAP AG-SPONSORED ADR F.COM. ADR 803054204 6,299,563 121,000 SH 121,000 1 121,000
SCHERING PLOUGH CORP COMMON 806605101 29,743,800 705,000 SH 705,000 1 705,000
SCHLUMBERGER LTD. COMMON 806857108 8,032,500 142,800 SH 142,800 1 142,800
SCIENTIFIC-ATLANTA, INC. COMMON 808655104 795,438 14,300 SH 14,300 1 14,300
AMEX FINANCIAL COMMON 81369Y605 1,604,180 67,500 SH 67,500 1 67,500
AMEX TECHNOLOGY COMMON 81369Y803 1,346,875 25,000 SH 25,000 1 25,000
SELECTIVE INSURANCE GROUP, INC COMMON 816300107 240,625 14,000 SH 14,000 1 14,000
SEMPRA ENERGY COMMON 816851109 1,358,725 78,200 SH 78,200 1 78,200
SOLECTRON COMMON 834182107 6,183,125 65,000 SH 65,000 1 65,000
SOURCE INFORMATION MGMT CO COMMON 836151209 385,250 23,000 SH 23,000 1 23,000
SPIEKER PPTYS INC COM COMMON 848497103 270,880 7,434 SH 7,434 1 7,434
SPLITROCK SERVICES, INC. COMMON 848636304 679,765 34,202 SH 34,202 1 34,202
SPRINT PCS W/I COMMON 852061506 5,237,750 51,100 SH 51,100 1 51,100
STAPLES, INC. COMMON 855030102 13,303,344 641,125 SH 641,125 1 641,125
STERLING SOFTWARE, INC. COMMON 859547101 1,074,150 34,100 SH 34,100 1 34,100
STMICROELECTRONICS N.V. COMMON 86101210 2,559,294 16,900 SH 16,900 1 16,900
SULLIVAN HOLDINGS, INC. CLASS COMMON 865303101 - 76 SH 76 1 76
SUN MICROSYSTEMS, INC. COMMON 866810104 55,148,667 712,170 SH 712,170 1 712,170
SUPERVALU COMMON 868536103 1,798,000 89,900 SH 89,900 1 89,900
SYNOPSYS INC. COMMON 871607107 5,046,300 75,600 SH 75,600 1 75,600
TJX CO., INC. COMMON 872540109 1,845,506 90,300 SH 90,300 1 90,300
TRW COMMON 872649108 908,906 17,500 SH 17,500 1 17,500
TAIWAN SEMICONDUCTOR F.COM. ADR 874039100 900,000 20,000 SH 20,000 1 20,000
TALBOTS, INC. (THE) COMMON 874161102 490,875 11,000 SH 11,000 1 11,000
TANDY CORP. COMMON 875382103 6,236,975 126,800 SH 126,800 1 126,800
TECUMSEH PRODUCTS CO. COMMON 878895200 1,302,375 27,600 SH 27,600 1 27,600
TELCOM SEMICONDUCTOR COMMON 87921P107 829,500 39,500 SH 39,500 1 39,500
TELE CELULAR SUL PARTICIPACOES F.COM. ADR 879238103 111,125 3,500 SH 3,500 1 3,500
TELE CENTRO SUL PARTICIPACOES F.COM. ADR 879239101 381,150 4,200 SH 4,200 1 4,200
TELE-DANMARK A/S-ADR F.COM. ADR 879242105 188,750 5,000 SH 5,000 1 5,000
TELENORTE LESTE PART ADR F.COM. ADR 879246106 321,300 12,600 SH 12,600 1 12,600
TELE SUDESTE CULULAR PART ADR F.COM. ADR 879252104 504,563 13,000 SH 13,000 1 13,000
TELECOM ITAL F.COM. ADR 87927W106 560,000 4,000 SH 4,000 1 4,000
TELEFONICA DE ESPANA ADR F.COM. ADR 879382208 72,350 918 SH 918 1 918
TELEFONOS DE MEXICO SA ADR F.COM. ADR 879403780 1,991,250 17,700 SH 17,700 1 17,700
TELESP PART. SA ADR F.COM. ADR 87952K100 525,406 21,500 SH 21,500 1 21,500
TELLABS, INC. COMMON 879664100 26,612,138 414,600 SH 414,600 1 414,600
TEMPLE-INLAND, INC. COMMON 879868107 2,321,000 35,200 SH 35,200 1 35,200
TERADYNE, INC COMMON 880770102 712,800 10,800 SH 10,800 1 10,800
TEREX CORPORATION. COMMON 880779103 1,554,000 56,000 SH 56,000 1 56,000
TETRA TECH COMMON 88162G103 1,276,125 83,000 SH 83,000 1 83,000
TEXACO, INC. COMMON 881694103 2,468,503 45,450 SH 45,450 1 45,450
TEXAS INDUSTRIES INC COMMON 882491103 1,957,875 46,000 SH 46,000 1 46,000
TEXAS INSTRUMENTS INC COMMON 882508104 6,605,850 68,200 SH 68,200 1 68,200
TEXAS UTILITIES CO. COMMON 882848104 5,266,810 148,100 SH 148,100 1 148,100
3COM CORP. COMMON 885535104 1,598,000 34,000 SH 34,000 1 34,000
TIDEWATER INC. COMMON 886423102 295,200 8,200 SH 8,200 1 8,200
TIME WARNER, INC. COMMON 887315109 6,996,790 96,600 SH 96,600 1 96,600
TIMES MIRROR CO. CLASS A COMMON 887364107 435,500 6,500 SH 6,500 1 6,500
TOO INC. COMMON 890333107 51,750 3,000 SH 3,000 1 3,000
TOTAL S A ADR F.COM. ADR 89151E109 151,311 2,185 SH 2,185 1 2,185
TRICON GL RESTAURANT COMMON 895953107 845,888 21,900 SH 21,900 1 21,900
TRIBUNE CO NEW COMMON 896047107 1,459,156 26,500 SH 26,500 1 26,500
TRIGON HEALTHCARE COMMON 89618L100 2,584,200 87,600 SH 87,600 1 87,600
TRUSTMARK CORP. COMMON 898402102 136,139 6,300 SH 6,300 1 6,300
TUPPERWARE CORP. COMMON 899896104 2,466,100 145,600 SH 145,600 1 145,600
TYCO INTERNATIONAL LTD. COMMON 902124106 61,919,444 1,592,750 SH 1,592,750 1 1,592,750
UTI ENERGY COMMON 903387108 518,918 22,500 SH 22,500 1 22,500
ULTRAMAR COMMON 904000106 3,051,469 134,500 SH 134,500 1 134,500
UNILEVER N.V. F.COM. ADR 904784709 6,880,904 126,400 SH 126,400 1 126,400
UNICOM CORP. COMMON 904911104 793,950 23,700 SH 23,700 1 23,700
UNION PACIFIC CORP COMMON 907818108 2,168,163 49,700 SH 49,700 1 49,700
UNIONBANCAL CORPORATION COMMON 908906100 5,651,398 143,300 SH 143,300 1 143,300
UNISYS CORP COMMON 909214108 3,040,450 95,200 SH 95,200 1 95,200
UNITED HEALTHCARE CORP. COMMON 910581107 3,516,875 66,200 SH 66,200 1 66,200
U.S. CELLULAR 0%, 6/15/15 CV. BOND 911684AA6 5,752,500 6,000,000 PRN 6,000,000 1 6,000,000
UNITED TECHNOLOGIES COMMON 913017109 6,038,500 92,900 SH 92,900 1 92,900
UNIVERSAL ELECTRONICS INC COMMON 913483103 690,000 15,000 SH 15,000 1 15,000
USWEB CORP. COMMON 917327108 830,981 18,700 SH 18,700 1 18,700
UTILICORP UNITED, INC. DEL. COMMON 918005109 6,183,075 318,100 SH 318,100 1 318,100
VALASSIS COMMUNICATIONS, INC. COMMON 918866104 3,946,150 93,400 SH 93,400 1 93,400
VERIO INC COMMON 923433106 692,820 15,000 SH 15,000 1 15,000
VIACOM, INC. CLASS B COMMON 925524308 4,883,350 80,800 SH 80,800 1 80,800
VIATEL INC COMMON 925529208 261,154 4,870 SH 4,870 1 4,870
VIGNETTE CORP COMMON 926734104 6,735,649 41,323 SH 41,323 1 41,323
VIXEL CORP COMMON 928552108 1,057,875 62,000 SH 62,000 1 62,000
VODAFONE GROUP PLC ADR F.COM. ADR 92857T107 33,028,875 667,250 SH 667,250 1 667,250
VORNADO RLTY TR COM COMMON 929042109 257,725 7,930 SH 7,930 1 7,930
WEBS - SINGAPORE COMMON 92923H848 395,063 43,000 SH 43,000 1 43,000
WACKENHUT CORP. CL A COMMON 929794105 582,563 39,000 SH 39,000 1 39,000
WAL-MART STORES, INC. COMMON 931142103 84,698,863 1,225,300 SH 1,225,300 1 1,225,300
WARNER-LAMBERT CO. COMMON 934488107 4,473,789 54,600 SH 54,600 1 54,600
WASHINGTON FEDERAL, INC. COMMON 938824109 59,250 3,000 SH 3,000 1 3,000
WATERS CORPORATION COMMON 941848103 5,194,000 98,000 SH 98,000 1 98,000
WATSON PHARMACEUTICALS, INC. COMMON 942683103 2,972,438 83,000 SH 83,000 1 83,000
WEBSTER FINANCIAL CORPORATION COMMON 947890109 70,688 3,000 SH 3,000 1 3,000
WELLPOINT HEALTH NETWORKS COMMON 94973H108 1,193,469 18,100 SH 18,100 1 18,100
WELLS FARGO CO. COMMON 949746101 55,730,963 1,378,200 SH 1,378,200 1 1,378,200
WEYERHAUSER CO COMMON 962166104 3,691,163 51,400 SH 51,400 1 51,400
WHIRLPOOL CORP COMMON 963320106 2,452,856 37,700 SH 37,700 1 37,700
WILLAMETTE INDUSTRIES COMMON 969133107 473,663 10,200 SH 10,200 1 10,200
YAHOO! INC COMMON 984332106 216,344 500 SH 500 1 500
ZALE CORP. COMMON 988858106 1,146,488 23,700 SH 23,700 1 23,700
ZORAN CORP COMMON 98975F101 641,125 11,500 SH 11,500 1 11,500
PXRE GROUP LTD COMMON G73018106 11,787,100 906,700 SH 906,700 1 906,700
RENAISSANCERE HOLDINGS, LTD F.COM. ADR G7496G103 1,062,750 26,000 SH 26,000 1 26,000
SANTA FE INTERNATIONAL COMMON G7805C108 2,393,438 92,500 SH 92,500 1 92,500
HILFIGER TOMMY CORP COMMON G8915Z102 3,473,563 149,000 SH 149,000 1 149,000
TRANSOCEAN SEDCO FOREX COMMON G90078109 9,410,464 279,346 SH 279,346 1 279,346
GILAT SATELLITE NETWORKS LTD F.COM. ADR M51474100 5,106,250 43,000 SH 43,000 1 43,000
ROYAL CARIBBEAN CRUISES LTD. COMMON V7780T103 44,381 900 SH 900 1 900
3,141,992,265
</TABLE>
