FORM 13F
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OMB APPROVAL
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OMB Number 3235-0006
Expires: October 31, 2000
Estimated average
burden hours per
responses: .........24.7
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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: March 31, 2000
Check here if Amendment [ ]: Amendment Number:
This Amendment (Check only one.):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: 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:
Reporting Manager:
Name: John H. Beers
Title: Vice President
Phone: (860) 403-5050
Signature, Place and Date of Signing:
/s/ John H. Beers
(Signature)
Hartford, CT
(City, State)
May 10, 2000
(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., (b) Seneca Capital Management LLC, (c)
Pasadena Capital Corporation and its subsidiary, Roger Engemann &
Associates, Inc., and (d) Phoenix/Zweig 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 exercises investment
discretions; 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 Phoenix/Zweig Advisers, LLC, 900 Third
Avenue, New York, NY reports for itself, and its related subsidiaries,
securities as to which it exercises investment discretion.
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: 3
Form 13F Information Table Entry Total: 473
Form 13F Information Table Value Total: $3,273,393,715.00
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
Form 13F File Number 28-85
Name Phoenix Investment Counsel, Inc.
No. 2
Form 13F File Number 28-7284
Name Phoenix Investment Partners, Ltd.
No. 3
Form 13F File Number 28-4602
Name PM Holdings, Inc.
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
REPORTING MANAGER: PHOENIX MUTUAL LIFE INSURANCE
FOR THE QUARTER ENDED MARCH 31, 2000
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
VOTING AUTHORITY
----------------
FAIR SHARES OR INVESTMENT
TITLE OF CUSIP MARKET PRINCIPAL SH/ PUT/ DISCRETION SOLE SHARED NONE
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT PRN CALL SOLE MANAGERS (A) (B) (C)
- -------------- ----- ------ ----- ------ ---- ---- ---------- -------- --- --- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NORTHAMPTON PULP LLC. COMMON 000000000 26,881 1,955 SH 1,955 1 1,955
ADC TELECOMMUNICATIONS INC COMMON 000886101 2,704,525 50,200 SH 50,200 1 50,200
AES CORP. COMMON 00130H105 1,519,875 19,300 SH 19,300 1 19,300
AMFM INC. COMMON 001693100 16,345,088 263,100 SH 263,100 1 263,100
AT & T CORP. COMMON 001957109 63,347,130 1,125,958 SH 1,125,958 1 1,125,958
LIBERTY MEDIA GROUP COMMON 001957208 16,536,675 279,100 SH 279,100 1 279,100
AT&T CANADA INC CL B DEPOSITOR F.COM. ADR 00207Q202 836,676 13,716 SH 13,716 1 13,716
AXA FINANCIAL, INC. COMMON 002451102 4,541,775 126,600 SH 126,600 1 126,600
ABBOTT LABORATORIES COMMON 002824100 1,871,975 53,200 SH 53,200 1 53,200
ABERCROMBIE & FITCH CO. CL A COMMON 002896207 337,600 21,100 SH 21,100 1 21,100
ACTUATE SOFTWARE CORP COMMON 00508B102 667,281 12,400 SH 12,400 1 12,400
ADAPTEC INC. COMMON 00651F108 7,184,250 186,000 SH 186,000 1 186,000
ADOBE SYS INC COMMON 00724F101 3,250,326 29,200 SH 29,200 1 29,200
ADTRAN, INC. COMMON 00738A106 3,031,313 51,000 SH 51,000 1 51,000
ADVANCED MIRCO DEVICES,INC. COMMON 007903107 23,412,744 410,300 SH 410,300 1 410,300
AFFILIATED COMPUTER COMMON 008190100 4,396,600 115,700 SH 115,700 1 115,700
AIR PRODUCTS & CHEMICALS, INC. COMMON 009158106 6,938,750 244,000 SH 244,000 1 244,000
ALBERTO-CULVER CO-CL B COMMON 013068101 709,613 29,800 SH 29,800 1 29,800
ALUMINUM CO. AMERICA ALCOA COMMON 013817101 8,321,113 118,450 SH 118,450 1 118,450
ALCATEL ALSTHOM F.COM. ADR 013904305 5,038,438 115,000 SH 115,000 1 115,000
ALLERGAN INC COMMON 018490102 1,140,000 22,800 SH 22,800 1 22,800
ALLTEL CORP. COMMON 020039103 1,198,188 19,000 SH 19,000 1 19,000
ALPHA INDUSTRIES INC COMMON 020753109 773,300 8,140 SH 8,140 1 8,140
ALTERA CORPO COMMON 021441100 9,353,400 104,800 SH 104,800 1 104,800
AMBAC FINANCIAL GROUP, INC. COMMON 023139108 1,435,688 28,500 SH 28,500 1 28,500
AMERADA HESS CORP COMMON 023551104 206,800 3,200 SH 3,200 1 3,200
AMERICA ONLINE, INC COMMON 02364J104 34,715,653 516,200 SH 516,200 1 516,200
AMERICAN EXPRESS COMMON 025816109 446,813 3,000 SH 3,000 1 3,000
AMERICAN HOME PRODUCTS CORP. COMMON 026609107 7,641,563 142,500 SH 142,500 1 142,500
AMERICAN INTERNATIONAL GROUP, COMMON 026874107 48,501,602 442,937 SH 442,937 1 442,937
AMER MGMT SYST COMMON 027352103 7,294,781 166,500 SH 166,500 1 166,500
AMERICAN POWER CONVERSION COMMON 029066107 235,813 5,500 SH 5,500 1 5,500
AMERICAN STANDARD COMMON 029712106 1,491,100 40,300 SH 40,300 1 40,300
AMERICREDIT CORPORATION COMMON 03060R101 140,288 8,600 SH 8,600 1 8,600
AMGEN, INC. COMMON 031162100 2,083,681 33,950 SH 33,950 1 33,950
AMPHENOL CORP-CL A COMMON 032095101 1,446,838 14,150 SH 14,150 1 14,150
ANADARKO PETROLEUM CORP. COMMON 032511107 12,894,544 333,300 SH 333,300 1 333,300
ANALOG DEVICES COMMON 032654105 1,224,550 15,200 SH 15,200 1 15,200
ANDRX CORP. COMMON 034551101 1,051,050 9,100 SH 9,100 1 9,100
ANHEUSER-BUSCH COMPANIES, INC. COMMON 035229103 5,982,225 96,100 SH 96,100 1 96,100
MOSENERGO-SPONSORED COMMON 037376308 318,750 50,000 SH 50,000 1 50,000
APACHE CORPORATION COMMON 037411105 4,850,625 97,500 SH 97,500 1 97,500
APARTMENT INVT & MGMT CO COM COMMON 03748R101 291,985 7,646 SH 7,646 1 7,646
APPLE COMPUTER, INC. COMMON 037833100 5,351,013 39,400 SH 39,400 1 39,400
APPLIED MATERIALS, INC. COMMON 038222105 8,934,900 94,800 SH 94,800 1 94,800
ARACRUZ CELULOSE ADR F.COM. ADR 038496204 339,000 16,000 SH 16,000 1 16,000
ARADIGM CORP COMMON STOCK COMMON 038505103 714,906 34,247 SH 34,247 1 34,247
ARIBA INC COMMON 04033V104 6,434,649 30,696 SH 30,696 1 30,696
ARMOR HOLDINGS INC COMMON 04226010 99,000 9,000 SH 9,000 1 9,000
ARROWPOINT COMM. COMMON 042810101 59,242 500 SH 500 1 500
ASIAINFO HOLDINGS IN COMMON 04518A104 60,500 1,000 SH 1,000 1 1,000
AT HOME CORP - SER A COMMON 045919107 1,317,574 40,002 SH 40,002 1 40,002
ATLANTIC RICHFIELD CO. COMMON 048825103 7,310,000 86,000 SH 86,000 1 86,000
BJ SERVICES COMMON 055482103 5,141,700 69,600 SH 69,600 1 69,600
BAKER HUGHES, INC. COMMON 057224107 5,006,375 165,500 SH 165,500 1 165,500
BALL CORP. COMMON 058498106 940,100 27,200 SH 27,200 1 27,200
BANCO SANTANDER ADR F.COM. ADR 05964H105 146,419 13,700 SH 13,700 1 13,700
BANK OF AMERICA CORP. COMMON 060505104 27 1 SH 1 1 1
BANK OF NEW YORK CO., INC. COMMON 064057102 3,740,625 90,000 SH 90,000 1 90,000
BANK ONE CORP. COMMON 06423A103 1,423,125 41,400 SH 41,400 1 41,400
BANK UNITED CORP CLASS A COMMON 065412108 1,783,281 56,500 SH 56,500 1 56,500
BARD C R INC COMMON 067383109 11,405,075 294,800 SH 294,800 1 294,800
BAUSCH & LOMB, INC. COMMON 071707103 1,038,531 19,900 SH 19,900 1 19,900
BAXTER INTERNATIONAL, INC. COMMON 071813109 24,216,181 386,300 SH 386,300 1 386,300
BELL ATLANTIC CORP. COMMON 077853109 7,787,325 127,400 SH 127,400 1 127,400
BELLSOUTH CORP. COMMON 079860102 11,246,100 239,300 SH 239,300 1 239,300
BERGEN BRUNSWIG CORP. COMMON 083739102 2,673,000 396,000 SH 396,000 1 396,000
BEST BUY CO., INC. COMMON 086516101 3,173,400 36,900 SH 36,900 1 36,900
BLACK & DECKER CORP. COMMON 091797100 469,531 12,500 SH 12,500 1 12,500
BLACK BOX CORPORATIO COMMON 091826107 5,088,727 73,500 SH 73,500 1 73,500
BLOCK,INC., H.& R. COMMON 093671105 1,986,900 44,400 SH 44,400 1 44,400
BOEING CO. COMMON 097023105 6,402,866 168,800 SH 168,800 1 168,800
BOSTON PPTYS INC COMMON 101121101 259,753 8,165 SH 8,165 1 8,165
BOWATER, INC. COMMON 102183100 7,936,863 148,700 SH 148,700 1 148,700
BRIGGS & STRATTON COMMON 109043109 357,788 8,700 SH 8,700 1 8,700
BRIGHTPOINT INC COMMON 109473108 690,533 56,370 SH 56,370 1 56,370
BRISTOL-MYERS SQUIBB CO. COMMON 110122108 40,576,675 702,600 SH 702,600 1 702,600
BOARDCOM CORP-CL A COMMON 111320107 1,278,008 5,262 SH 5,262 1 5,262
BROOKTROUT TECH INC COMMON 114580103 5,156,200 177,800 SH 177,800 1 177,800
CBS CORPORATION COMMON 12490K107 20,956,913 370,100 SH 370,100 1 370,100
CIGNA CORP. COMMON 125509109 7,332,600 96,800 SH 96,800 1 96,800
CABLETRON SYSTEMS INC. COMMON 12692010 381,875 13,000 SH 13,000 1 13,000
CALPINE CORPORATION COMMON 131347106 8,037,000 85,500 SH 85,500 1 85,500
CANADIAN NATIONAL RAILWAYS F.COM. ADR 136375102 1,849,444 69,300 SH 69,300 1 69,300
CAPITAL GAMING INTL INC. WTS WARRANT 140180308 - 410 SH 410 1 410
CARDINAL HEALTH, INC. COMMON 14149Y108 17,549,481 382,550 SH 382,550 1 382,550
CATERPILLAR, INC. COMMON 149123101 1,104,250 28,000 SH 28,000 1 28,000
CEMEX SA DE CV F.COM. ADR 151290889 271,500 12,000 SH 12,000 1 12,000
CENDANT CORP. COMMON 151313103 238,650 12,900 SH 12,900 1 12,900
CENTERPOINT PROPERTIES CORP COMMON 151895109 415,393 11,400 SH 11,400 1 11,400
CHAMPION INTERNATIONAL CORP. COMMON 158525105 3,349,425 62,900 SH 62,900 1 62,900
CHARTER ONE FINANCIAL, INC. COMMON 160903100 64,050 3,050 SH 3,050 1 3,050
CHARMING SHOPPES INC COMMON 161133103 624,258 109,750 SH 109,750 1 109,750
CHASE MANHATTAN CORP. COMMON 16161A108 28,519,037 327,100 SH 327,100 1 327,100
CHECKFREE HOLDING CORP COMMON 162816102 5,872,650 83,300 SH 83,300 1 83,300
CHEVRON CORPORATION COMMON 166751107 16,527,826 178,800 SH 178,800 1 178,800
CHRIS-CRAFT INDS INC COMMON 170520100 459,187 7,210 SH 7,210 1 7,210
CHURCH & DWIGHT COMMON 171340102 446,875 26,000 SH 26,000 1 26,000
CIRCUIT CITY STORES, INC. COMMON 172737108 2,021,050 33,200 SH 33,200 1 33,200
CISCO SYSTEMS, INC. COMMON 17275R102 164,687,396 2,130,152 SH 2,130,152 1 2,130,152
CITIGROUP, INC. COMMON 172967101 93,792,845 1,581,178 SH 1,581,178 1 1,581,178
CLAIRE'S STORES INC. COMMON 179584107 441,375 22,000 SH 22,000 1 22,000
CLARK/BARDES HLDGS INC COM COMMON 180668105 7,917,300 555,600 SH 555,600 1 555,600
CLEAR CHANNELS COMMUNICATIONS, COMMON 184502102 11,637,031 168,500 SH 168,500 1 168,500
CLOROX CO COMMON 18905410 1,163,500 35,800 SH 35,800 1 35,800
COBALT NETWORKS INC COMMON 19074R101 402,320 8,560 SH 8,560 1 8,560
COCA-COLA CO. COMMON 191216100 5,763,927 122,800 SH 122,800 1 122,800
COCA-COLA FEMSA S.A. SPONSORED F.COM. ADR 191241108 92,813 5,000 SH 5,000 1 5,000
COLUMBIA/HCA HEALTHCARE CORP. COMMON 197677107 6,558,469 259,100 SH 259,100 1 259,100
COMMERCE GROUP, INC. COMMON 200641108 1,298,000 44,000 SH 44,000 1 44,000
COMMERCE ONE COMMON 200693109 3,795,428 25,430 SH 25,430 1 25,430
COMMSCOPE INC COMMON 203372107 3,207,438 70,300 SH 70,300 1 70,300
CIA CERVEJARA BRAHMA ADR F.COM. ADR 20440X103 138,125 8,500 SH 8,500 1 8,500
COMPANHIA PARANAENSE DE ENERGIA
(144A) ADR F.COM. ADR 20441B407 85,000 10,000 SH 10,000 1 10,000
CIA TELECOM CHILE - SPNSD ADR F.COM. ADR 204449300 204,750 9,000 SH 9,000 1 9,000
COMPAQ COMPUTER CORP. COMMON 204493100 9,744,750 366,000 SH 366,000 1 366,000
COMPUCREDIT CORP. COMMON 20478N100 3,256,875 90,000 SH 90,000 1 90,000
COMPUTER ASSOCIATES INTERNATIO COMMON 204912109 3,278,988 55,400 SH 55,400 1 55,400
COMPUWARE CORP. COMMON 205638109 899,369 42,700 SH 42,700 1 42,700
COMVERSE TECHNOLOGY, INC. COMMON 205862402 1,134,000 6,000 SH 6,000 1 6,000
CONAGRA, INC. COMMON 205887102 105,125 5,800 SH 5,800 1 5,800
CONCORD EFS, INC. COMMON 206197105 525,269 22,900 SH 22,900 1 22,900
CONEXANT SYSTEMS INC. COMMON 207142100 2,165,500 30,500 SH 30,500 1 30,500
CONOCO INC. COMMON 208251306 16,833,650 683,600 SH 683,600 1 683,600
CONSOLIDATED EDISON, INC. COMMON 209115104 722,100 24,900 SH 24,900 1 24,900
CONVERGYS CORP COMMON 212485106 208,575 5,400 SH 5,400 1 5,400
COOPER COMPANIES, INC. (THE) COMMON 216648402 4,055,625 126,000 SH 126,000 1 126,000
COORS(ADOLPH) CO. CLASS B COMMON 217016104 578,531 12,100 SH 12,100 1 12,100
COPPER MOUNTAIN NETWORK COMMON 217510106 1,638,760 20,000 SH 20,000 1 20,000
CORNING INCORPORATED COMMON 219350105 7,827,900 40,350 SH 40,350 1 40,350
COSTCO WHOLESALE CORP COMMON 22160K105 1,871,225 35,600 SH 35,600 1 35,600
CREDENCE SYSTEMS C S COMMON 225302108 938,438 7,500 SH 7,500 1 7,500
CROSSROADS SYSTEMS COMMON 22765D100 4,724,101 45,754 SH 45,754 1 45,754
CROWN CASTLE INTERNATIONAL COMMON 228227104 11,848,967 312,844 SH 312,844 1 312,844
CULLEN/FROST BANKERS, INC. COMMON 229899109 4,933,238 186,600 SH 186,600 1 186,600
CYPRESS SEMICONDUCTOR CORP COMMON 232806109 1,356,094 27,500 SH 27,500 1 27,500
D R HORTON INC COMMON 23331A109 1,508,066 115,450 SH 115,450 1 115,450
DETROIT EDISON CO. COMMON 233331107 4,921,300 169,700 SH 169,700 1 169,700
DALLAS SEMICONDUCTOR COMMON 235204104 3,568,700 101,600 SH 101,600 1 101,600
DANAHER CORPORATION COMMON 235851102 96,900 1,900 SH 1,900 1 1,900
DARDEN RESTAURANTS INC. COMMON 237194105 936,938 52,600 SH 52,600 1 52,600
DELL COMPUTER CORP. COMMON 247025109 24,444,478 453,200 SH 453,200 1 453,200
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 5,632,000 352,000 SH 352,000 1 352,000
DEVELOPERS DIVERSIFIED RLTY COM COMMON 251591103 246,434 17,761 SH 17,761 1 17,761
DIAMOND OFFSHORE DRILLING COMMON 25271C102 2,803,613 70,200 SH 70,200 1 70,200
DISCOUNT AUTO PARTS COMMON 254642101 676,569 75,700 SH 75,700 1 75,700
WALT DISNEY CO. COMMON 254687106 413,750 10,000 SH 10,000 1 10,000
DITECH COMMUNICATIONS CORP COMMON 25500M103 772,139 7,280 SH 7,280 1 7,280
DIVERSINET CORP COMMON 25536K204 357,500 20,000 SH 20,000 1 20,000
DONALDSON, LUFKIN & JENRETTE, COMMON 257661108 574,425 11,100 SH 11,100 1 11,100
DOVER CORP. COMMON 260003108 4,864,100 101,600 SH 101,600 1 101,600
DOW CHEMICAL CO. COMMON 260543103 7,438,500 65,250 SH 65,250 1 65,250
DRIL-QUIP INC COMMON 262037104 912,340 19,360 SH 19,360 1 19,360
DSL.NET INC COMMON 262506108 2,040,781 92,500 SH 92,500 1 92,500
DU PONT (E.I.) DE NEMOURS & CO COMMON 263534109 16,359,525 309,400 SH 309,400 1 309,400
DUKE ENERGY CORP. COMMON 264399106 21,294,000 405,600 SH 405,600 1 405,600
DURA PHARMACEUTICALS COMMON 26632S109 3,244,344 263,500 SH 263,500 1 263,500
DYCOM INDUSTRIES, INC. COMMON 267475101 13,735,313 281,750 SH 281,750 1 281,750
DYNEGY INC COMMON 26816Q101 313,750 5,000 SH 5,000 1 5,000
EMC CORP. COMMON 268648102 8,250,780 65,980 SH 65,980 1 65,980
E-TEK DYNAMICS INC COMMON 269240107 2,940,625 12,500 SH 12,500 1 12,500
EASTMAN KODAK CO. COMMON 277461109 3,856,190 71,000 SH 71,000 1 71,000
ECOLAB INC. (ECL) COMMON 278865100 3,987,931 108,700 SH 108,700 1 108,700
EDISON INTERNATIONAL COMMON 281020107 4,929,000 297,600 SH 297,600 1 297,600
EDWARDS (J.D.) & CO. COMMON 281667105 4,848,556 148,900 SH 148,900 1 148,900
EL PASO ENERGY CORP. COMMON 283905107 4,364,538 108,100 SH 108,100 1 108,100
ELAN PLC SPONSORED ADR (IRELAN F.COM. ADR 284131208 15,618,000 328,800 SH 328,800 1 328,800
ELECTRO SCIENTIFIC INDS INC COMMON 285229100 960,480 16,560 SH 16,560 1 16,560
ELECTROGLAS INC COMMON 285324109 3,140,725 91,700 SH 91,700 1 91,700
ELECTRONIC DATA SYSTEMS CORP. COMMON 285661104 11,913,202 185,600 SH 185,600 1 185,600
ELECTRONICS FOR IMAGING, INC. COMMON 286082102 2,790,000 46,500 SH 46,500 1 46,500
EMBRATEL PARTICIPACOES S.A F.COM. ADR 29081N100 581,688 22,700 SH 22,700 1 22,700
EMCORE CORP COMMON 290846104 499,373 4,340 SH 4,340 1 4,340
ENERGY EAST CORPORATION COMMON 29266M109 2,878,762 145,300 SH 145,300 1 145,300
ENHANCE FINANCIAL COMMON 293310108 28,250 2,000 SH 2,000 1 2,000
ENRON CORP COMMON 293561106 235,856 3,150 SH 3,150 1 3,150
EQUITABLE RESOURCES, INC. COMMON 294549100 3,351,975 74,800 SH 74,800 1 74,800
ERICSSON LM TEL CO ADR F.COM. ADR 294821400 3,377,250 36,000 SH 36,000 1 36,000
ESSEX PROPERTY TRUST INC COMMON 297178105 452,880 12,580 SH 12,580 1 12,580
FF HOLDINGS CORP. CLASS B COMMON 301923108 - 2,000 SH 2,000 1 2,000
EXXON MOBIL CORP. COMMON 30231G102 29,339,017 377,036 SH 377,036 1 377,036
FPL GROUP, INC. COMMON 302571104 96,731 2,100 SH 2,100 1 2,100
FAMILY DOLLAR STORES INC
COMMON STK COMMON 307000109 228,943 11,000 SH 11,000 1 11,000
FREDDIE MAC COMMON 313400301 13,729,056 310,700 SH 310,700 1 310,700
FEDERAL NATIONAL MORTGAGE ASSO COMMON 313586109 7,365,684 130,500 SH 130,500 1 130,500
FEDERATED DEPARTMENT STORES, I COMMON 31410H101 2,676,175 64,100 SH 64,100 1 64,100
FIRST DATA CORP. COMMON 319963104 23,306,475 526,700 SH 526,700 1 526,700
FIRSTCOM CORPORATION COMMON 33763T104 26,928,729 787,675 SH 787,675 1 787,675
FISERV COMMON 337738108 15,862,003 426,900 SH 426,900 1 426,900
FLEET BOSTON CORP. COMMON 339030108 598,600 16,400 SH 16,400 1 16,400
FOMENTO ECON ADR F.COM. ADR 344419106 360,000 8,000 SH 8,000 1 8,000
FORD MOTOR CO. COMMON 345370100 15,880,601 345,700 SH 345,700 1 345,700
JAMES RIVER CORP. OF VA. COMMON 347471104 1,821,600 82,800 SH 82,800 1 82,800
FULLER (H.B.) COMPANY COMMON 359694106 2,029,624 50,820 SH 50,820 1 50,820
GPU, INC. COMMON 36225X100 1,992,900 72,800 SH 72,800 1 72,800
GTE CORP. COMMON 362320103 10,096,200 142,200 SH 142,200 1 142,200
GADZOOX NETWORKS INC COMMON 362555104 7,008,463 146,200 SH 146,200 1 146,200
GALLAGHER -ARTHUR J. COMMON 363576109 2,814,500 86,600 SH 86,600 1 86,600
GANNETT CO, INC. COMMON 364730101 1,548,250 22,000 SH 22,000 1 22,000
GAP, INC. COMMON 364760108 2,214,166 44,450 SH 44,450 1 44,450
GENERAL DYNAMICS CORP. COMMON 369550108 8,557,000 172,000 SH 172,000 1 172,000
GENERAL ELECTRIC CO. COMMON 369604103 109,685,288 706,760 SH 706,760 1 706,760
GENERAL MOTORS CORP. COMMON 370442105 11,138,284 134,500 SH 134,500 1 134,500
GENERAL MOTORS CORP. CLASS H COMMON 370442832 22,771,050 182,900 SH 182,900 1 182,900
GEORGIA PACIFIC CORP. COMMON 373298108 3,627,881 91,700 SH 91,700 1 91,700
GLOBAL MARINE, INC. COMMON 379352404 203,000 8,000 SH 8,000 1 8,000
THE GOLDMAN SACHS GROUP INC COMMON 38141G104 8,410,000 80,000 SH 80,000 1 80,000
GRUPO RADIO ADR F.COM. ADR 40049C102 134,375 10,000 SH 10,000 1 10,000
GRUPO TELEVISA SPONSORED GDR F.COM. ADR 40049J206 224,400 3,300 SH 3,300 1 3,300
GUCCI GROUP F.COM. ADR 401566104 160,088 1,800 SH 1,800 1 1,800
GUESS? INC COMMON 401617105 684,480 21,390 SH 21,390 1 21,390
GULF ISLAND FABRICATION, INC. COMMON 402307102 2,274,188 155,500 SH 155,500 1 155,500
HALLIBURTON CO. COMMON 406216101 11,393,900 277,900 SH 277,900 1 277,900
HEALTH MANAGEMENT ASSOCIATION, COMMON 421933102 4,959,000 348,000 SH 348,000 1 348,000
HEALTH CARE REIT COMMON 42217K106 1,120,000 80,000 SH 80,000 1 80,000
HEALTHEON CORP. COMMON 422209106 2,932,500 127,500 SH 127,500 1 127,500
HERTZ CORP COMMON 428040109 568,844 16,700 SH 16,700 1 16,700
HEWLETT PACKARD CO. COMMON 428236103 13,826,271 104,300 SH 104,300 1 104,300
HILB ROGAL AND HAMILTON CO COMMON 431294107 23,626,892 865,042 SH 865,042 1 865,042
HOME DEPOT, INC. COMMON 437076102 32,819,084 508,823 SH 508,823 1 508,823
HONEYWELL INTERNATIONAL INC COMMON 438516106 8,804,081 167,100 SH 167,100 1 167,100
HORACE MANN EDUCATORS CORP. COMMON 440327104 3,128,844 169,700 SH 169,700 1 169,700
HORMEL & CO., GEO.A. COMMON 440452100 1,331,438 81,000 SH 81,000 1 81,000
HVIDE MARINE, INC COMMON 44851M109 1,071,866 81,666 SH 81,666 1 81,666
ICICI LTD. F.COM. ADR 44926P202 227,500 10,000 SH 10,000 1 10,000
ISS GROUP INC CV. BOND 450306105 3,632,703 31,182 PRN 31,182 1 31,182
ILLINOIS TOOL WORKS, INC. COMMON 452308109 3,370,250 61,000 SH 61,000 1 61,000
INFOCUS SYSTEMS COMMON 452919103 2,195,306 61,300 SH 61,300 1 61,300
IMPSAT FIBER NETWORKS (IPO) F.COM. ADR 45321T103 140,000 5,000 SH 5,000 1 5,000
INDEPENDENT ENERGY COMMON 45384X108 5,241,400 116,800 SH 116,800 1 116,800
INFORMIX CORP COMMON 456779107 879,056 51,900 SH 51,900 1 51,900
INGERSOLL RAND CO. COMMON 456866102 3,407,250 77,000 SH 77,000 1 77,000
INSIGHT ENTERPRISES INC COMMON 45765U103 247,775 6,800 SH 6,800 1 6,800
INTEGRATED DEVICES TECH., INC. COMMON 458118106 2,369,575 59,800 SH 59,800 1 59,800
INTEL CORP. COMMON 458140100 143,942,499 1,090,990 SH 1,090,990 1 1,090,990
INTERLINK ELECTRONICS INC COMMON 458751104 1,430,625 15,000 SH 15,000 1 15,000
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 19,717,800 167,100 SH 167,100 1 167,100
INTL HOME FOODS, INC. COMMON 459655106 2,032,000 127,000 SH 127,000 1 127,000
INTERNATIONAL PAPER CO. COMMON 460146103 8,096,850 189,400 SH 189,400 1 189,400
INTERPUBLIC GROUP OF COS.,INC. COMMON 460690100 198,450 4,200 SH 4,200 1 4,200
INTUIT INC COMMON 461202103 3,800,813 70,350 SH 70,350 1 70,350
JOHNSON & JOHNSON COMMON 478160104 7,237,456 103,300 SH 103,300 1 103,300
JOHNSON CONTROLS, INC. COMMON 478366107 81,094 1,500 SH 1,500 1 1,500
JONES APPAREL GROUP, INC. COMMON 480074103 1,600,125 50,200 SH 50,200 1 50,200
JUNIPER NETWORKS INC COMMON 48203R104 5,345,058 20,280 SH 20,280 1 20,280
KLA-TENCOR CORPORATION COMMON 482480100 4,044,000 48,000 SH 48,000 1 48,000
KEEBLER FOODS COMPANY COMMON 487256109 2,200,331 76,700 SH 76,700 1 76,700
KELLOGG CO. COMMON 487836108 1,101,875 43,000 SH 43,000 1 43,000
KERR-MCGEE CORP. COMMON 492386107 4,481,400 77,600 SH 77,600 1 77,600
KIMBERLY CLARK CORP. COMMON 494368103 13,115,521 234,200 SH 234,200 1 234,200
KNIGHT-RIDDER,INC. COMMON 499040103 4,630,219 90,900 SH 90,900 1 90,900
KNIGHT/TRIMARK GROUP COMMON 499068104 5,431,500 106,500 SH 106,500 1 106,500
KOHLS CORP COMMON STOCK COMMON 500255104 203,975 1,990 SH 1,990 1 1,990
KONINKLIJKE PHILIPS ELECTRONIC F.COM. ADR 500472204 330,976 1,932 SH 1,932 1 1,932
KULICKE & SOFFA COMMON 501242101 3,613,125 56,400 SH 56,400 1 56,400
LTX CORP COMMON 502392103 998,655 22,100 SH 22,100 1 22,100
L-3 COMMUNICATIONS CORP. COMMON 502424104 6,545,971 125,889 SH 125,889 1 125,889
LAM RESEARCH CORP COMMON 512807108 1,595,213 35,400 SH 35,400 1 35,400
LANTE CORP COMMON 516540101 283,095 9,320 SH 9,320 1 9,320
LASALLE HOTEL PRPTS COMMON 517942108 2,745,000 219,600 SH 219,600 1 219,600
LASER VISION CENTERS INC COMMON 51807H100 3,670,631 529,100 SH 529,100 1 529,100
LEHMAN BROTHERS HOLDINGS, INC. COMMON 524908100 2,483,200 25,600 SH 25,600 1 25,600
LENNAR CORPORATION COMMON 526057104 1,444,388 66,600 SH 66,600 1 66,600
LILLY (ELI),AND CO. COMMON 532457108 7,023,000 111,500 SH 111,500 1 111,500
THE LIMITED INC. COMMON 532716107 964,663 22,900 SH 22,900 1 22,900
LINCOLN NATIONAL CORP. COMMON 534187109 3,896,050 116,300 SH 116,300 1 116,300
LINEAR TECHNOLOGY CORP. COMMON 535678106 8,261,000 150,200 SH 150,200 1 150,200
LITTELFUSE, INC. COMMON 537008104 4,563,925 124,400 SH 124,400 1 124,400
LOEWS CORP. COMMON 540424108 760,000 15,200 SH 15,200 1 15,200
LOUIS DREYFUS NATURAL GAS COM COMMON 546011107 9,606,765 282,552 SH 282,552 1 282,552
LOUISIANA-PACIFIC CORPORATION COMMON 546347105 596,625 43,000 SH 43,000 1 43,000
LOWE'S COMPANIES, INC. COMMON 548661107 4,839,288 82,900 SH 82,900 1 82,900
LUBRIZOL CORP COMMON 549271104 2,590,244 89,900 SH 89,900 1 89,900
LUCENT TECHNOLOGIES, INC. COMMON 549463107 24,668,385 405,871 SH 405,871 1 405,871
MUNCHENER WARRANTS WARRANT 5514573 8,095 94 SH 94 1 94
MBNA CORP. COMMON 55262L100 1,787,550 70,100 SH 70,100 1 70,100
MCI WORLDCOM, INC. COMMON 55268B106 45,170,726 996,871 SH 996,871 1 996,871
MGIC INVT CORP. WIS COMMON 552848103 937,938 21,500 SH 21,500 1 21,500
MKS INSTRUMENTS INC COMMON 55306N104 804,970 15,940 SH 15,940 1 15,940
MMC NETWORKS INC COM COMMON 55308N102 884,400 26,800 SH 26,800 1 26,800
MACERICH CO COM COMMON 554382101 210,272 10,195 SH 10,195 1 10,195
MATAV RT F.COM. ADR 559776109 798,788 17,900 SH 17,900 1 17,900
MALLINCKRODT GROUP COMMON 561232109 451,375 15,700 SH 15,700 1 15,700
MASTEC INC COMMON 576323109 15,993,300 179,700 SH 179,700 1 179,700
MATTSON TECHNOLOGY INC COMMON 577223100 1,098,020 25,760 SH 25,760 1 25,760
MAXTOR CORP COMMON COMMON 577729205 653,991 50,550 SH 50,550 1 50,550
MAXIM INTERGRATED PRODUCTS COMMON 57772K101 7,923,469 111,500 SH 111,500 1 111,500
MEDICALOGIC INC COMMON 584642102 787,088 45,300 SH 45,300 1 45,300
MEDICIS PHARMACEUTICAL-CL A COMMON 584690309 212,000 5,300 SH 5,300 1 5,300
MEDQUIST, INC. COMMON 584949101 470,344 17,300 SH 17,300 1 17,300
MELLON FINANCIAL CORP. COMMON 58551A108 1,693,300 57,400 SH 57,400 1 57,400
THE MEN'S WEARHOUSE COMMON 587118100 1,176,113 39,700 SH 39,700 1 39,700
MERCK & CO.,INC. COMMON 589331107 10,691,713 172,100 SH 172,100 1 172,100
MERRILL LYNCH & CO., INC. COMMON 590188108 7,182,000 68,400 SH 68,400 1 68,400
METASOLV SOFTWARE INC COMMON 591393103 2,792,971 47,288 SH 47,288 1 47,288
METHODE ELECTRONICS COMMON 591520200 4,979,300 98,600 SH 98,600 1 98,600
METRICOM INC COMMON 59159610 584,325 12,600 SH 12,600 1 12,600
METRIS COMPA COMMON 591598107 62,200 1,600 SH 1,600 1 1,600
METTLER-TOLEDO INC COMMON 592688105 871,979 21,300 SH 21,300 1 21,300
MICROSOFT CORP COMMON 594918104 132,131,438 1,243,590 SH 1,243,590 1 1,243,590
MINNESOTA MINING & MFG CO. COMMON 604059105 6,633,331 74,900 SH 74,900 1 74,900
MINNESOTA POWER & LIGHT CO. COMMON 604110106 2,063,163 124,100 SH 124,100 1 124,100
J.P. MORGAN & CO., INC. COMMON 616880100 12,753,400 96,800 SH 96,800 1 96,800
MORGAN STANLEY, DEAN WITTER, D COMMON 617446448 60,909,000 746,600 SH 746,600 1 746,600
MSDW INDIA INVESTMEN COMMON 61745C105 211,000 16,000 SH 16,000 1 16,000
MOTOROLA, INC. COMMON 620076109 25,663,900 180,150 SH 180,150 1 180,150
MUELLER INDUSTRIES
INCORPORATION COMMON 624756102 571,050 18,800 SH 18,800 1 18,800
MUNIYIELD NEW JERSEY COMMON 626301105 357,341 30,412 SH 30,412 1 30,412
NCR CORP. COMMON 62886E108 1,284,000 32,000 SH 32,000 1 32,000
NANOPHASE TECNOLOGIES CORP COMMON 630079101 273,695 16,340 SH 16,340 1 16,340
NATIONAL OILWELL INC COMMON 637071101 103,419,144 3,349,608 SH 3,349,608 1 3,349,608
NATIONAL SEMICONDUCTOR CORP. COMMON 637640103 1,727,813 28,500 SH 28,500 1 28,500
NATIONAL SERVICES INDUSTRIES,I COMMON 637657107 44,231 2,100 SH 2,100 1 2,100
NETWORK ACCESS COMMON 64120S109 5,118,300 232,650 SH 232,650 1 232,650
NEXTEL COMMUNICATIONS, INC. CL COMMON 65332V103 6,825,430 46,040 SH 46,040 1 46,040
NIKE, INC. CLASS B COMMON 654106103 792,500 20,000 SH 20,000 1 20,000
NOBLE AFFILIATES INC. COMMON 654894104 554,531 16,900 SH 16,900 1 16,900
NOKIA CORPORATION ADR F.COM. ADR 654902204 4,106,025 18,900 SH 18,900 1 18,900
NORTEL NETWORKS CORP. F.COM. ADR 656569100 13,301,820 105,570 SH 105,570 1 105,570
NUCOR CORP. COMMON 670346105 2,060,000 41,200 SH 41,200 1 41,200
GRUPO IUSACELL F.COM. ADR 670512102 121,500 6,000 SH 6,000 1 6,000
OMNICOM GROUP, INC. COMMON 681919106 2,074,313 22,200 SH 22,200 1 22,200
ONYX SOFTWARE CORP COMMON 683402101 4,970,683 155,943 SH 155,943 1 155,943
VIMPEL COMM ADR F.COM. ADR 68370R109 1,248,219 29,500 SH 29,500 1 29,500
ORACLE CORPORATION COMMON 68389X105 15,034,063 192,590 SH 192,590 1 192,590
OWENS CORNING COMMON 69073F103 2,307,563 119,100 SH 119,100 1 119,100
OXFORD HEALTH PLANS COMMON 691471106 1,313,025 86,100 SH 86,100 1 86,100
PC HOLDINGS S.A. ADR F.COM. ADR 693200107 162,688 9,500 SH 9,500 1 9,500
PECO ENERGY CO. COMMON 693304107 2,422,688 65,700 SH 65,700 1 65,700
THE PMI GROUP, INC. COMMON 69344M101 1,532,239 32,300 SH 32,300 1 32,300
PACIFICARE HLTH SYS COMMON 695112102 1,301,738 26,100 SH 26,100 1 26,100
PATTERSON DENTAL CO COMMON 703412106 680,850 17,800 SH 17,800 1 17,800
PAYCHEX, INC. COMMON 704326107 947,988 18,100 SH 18,100 1 18,100
NORTHAMPTON PULP LLC. COMMON 70868TA18 50,188 3,650 SH 3,650 1 3,650
PENTAIR INC. COMMON 709631105 170,488 4,600 SH 4,600 1 4,600
PEPSICO, INC. COMMON 713448108 34,196,138 989,400 SH 989,400 1 989,400
PERKINELMER, INC. COMMON 714046109 1,110,550 16,700 SH 16,700 1 16,700
PT INDOSAT ADR F.COM. ADR 715680104 257,813 15,000 SH 15,000 1 15,000
PHARMACIA UPJOHN INC COMMON 716941109 3,247,825 54,800 SH 54,800 1 54,800
PFIZER INC COMMON 717081103 36,222,475 990,700 SH 990,700 1 990,700
PHILIP MORRIS COS., INC. COMMON 718154107 4,949,588 234,300 SH 234,300 1 234,300
PITNEY BOWES INC COMMON 724479100 3,664,375 82,000 SH 82,000 1 82,000
PLEXUS CORP. COMMON 729132100 886,113 13,300 SH 13,300 1 13,300
POPE & TALBOT INC COMMON 732827100 717,360 39,040 SH 39,040 1 39,040
POWERWAVE TECHNOLOGIES COM COMMON 739363109 620,000 4,960 SH 4,960 1 4,960
PROCTER & GAMBLE CO. COMMON 742718109 13,010,625 231,300 SH 231,300 1 231,300
PROVIDIAN FINANCIAL CORP. COMMON 74406A102 970,200 11,200 SH 11,200 1 11,200
PUB SERVICE ENTERPR GROUP COMMON 744573106 343,650 11,600 SH 11,600 1 11,600
PULTE CORP. COMMON 745867101 317,300 15,200 SH 15,200 1 15,200
QUAKER OATS COMPANY COMMON 747402105 4,789,375 79,000 SH 79,000 1 79,000
QUALCOMM INC. COMMON 747525103 7,465,626 50,000 SH 50,000 1 50,000
QUANTA SERVICES, INC. COMMON 74762E102 9,652,347 159,050 SH 159,050 1 159,050
QUANTUM CRP-DLT & STORAGE COMMON 747906204 1,432,500 120,000 SH 120,000 1 120,000
R & B FALCON CORP. COMMON 74912E101 4,516,313 229,400 SH 229,400 1 229,400
RFS HOTEL INVESTORS COMMON 74955J108 801,950 74,600 SH 74,600 1 74,600
RADIAN GROUP INC. COMMON 750236101 2,952,750 62,000 SH 62,000 1 62,000
RATIONAL SOFTWARE COMMON 75409P202 2,578,050 33,700 SH 33,700 1 33,700
READERS DIGEST ASSOCIATION, INC. COMMON 755267101 732,263 20,700 SH 20,700 1 20,700
RECKSON ASSOCIATES RLTY COM COMMON 75621K106 265,950 14,184 SH 14,184 1 14,184
RELIANT ENERGY, INC. COMMON 75952J108 2,859,375 122,000 SH 122,000 1 122,000
ROCKWELL INTERNATIONAL CORP. COMMON 773903109 702,450 16,800 SH 16,800 1 16,800
ROHM & HAAS CO. COMMON 775371107 8,728,650 195,600 SH 195,600 1 195,600
ROSS STORES INC COMMON 778296103 1,111,688 46,200 SH 46,200 1 46,200
ROSTELECOM-SPONSORED F.COM. ADR 778529107 1,258,750 53,000 SH 53,000 1 53,000
ROWAN COMPANIES, INC. COMMON 779382100 117,750 4,000 SH 4,000 1 4,000
ROYAL DUTCH PETROLEUM CO ADR N F.COM. ADR 780257804 8,522,106 148,000 SH 148,000 1 148,000
SBC COMMUNICATIONS, INC. COMMON 78387G103 27,414,450 652,700 SH 652,700 1 652,700
SLM HOLDING CORP. COMMON 78442A109 4,497,188 135,000 SH 135,000 1 135,000
STANDARD & POORS DEPOSITORY RE COMMON 78462F103 50,611,106 336,150 SH 336,150 1 336,150
SAFEGUARD HEALTH ENTERPRISES COMMON 786444109 161,797 95,000 SH 161,797 3 161,797
SAFEWAY, INC. COMMON 786514208 9,909,750 219,000 SH 219,000 1 219,000
ST. PAUL COS INC COMMON 792860108 1,122,713 32,900 SH 32,900 1 32,900
SAP AG-SPONSORED ADR F.COM. ADR 803054204 5,736,000 96,000 SH 96,000 1 96,000
SCHERING PLOUGH CORP COMMON 806605101 26,000,175 707,400 SH 707,400 1 707,400
SCHLUMBERGER LTD. COMMON 806857108 10,924,200 142,800 SH 142,800 1 142,800
SCIENTIFIC-ATLANTA, INC. COMMON 808655104 1,814,313 28,600 SH 28,600 1 28,600
E W SCRIPPS CO CL A COMMON 811054204 218,250 4,500 SH 4,500 1 4,500
SEAGATE TECHNOLOGY COMMON 811804103 1,878,438 30,055 SH 30,055 1 30,055
AMEX BASIC INDUSTRIES SELE COMMON 81369Y10 530,078 23,000 SH 23,000 1 23,000
AMEX FINANCIAL COMMON 81369Y605 3,894,633 160,500 SH 160,500 1 160,500
INDUSTRIAL SPDR COMMON 81369Y704 292,031 10,000 SH 10,000 1 10,000
SELECTIVE INSURANCE GROUP, INC COMMON 816300107 290,063 17,000 SH 17,000 1 17,000
SEMPRA ENERGY COMMON 816851109 1,309,850 78,200 SH 78,200 1 78,200
SHAW GROUP INC COMMON 820280105 7,455,375 211,500 SH 211,500 1 211,500
SILICON VALLEY BK COMMON 827064106 342,300 4,800 SH 4,800 1 4,800
SOLECTRON COMMON 834182107 7,639,919 190,700 SH 190,700 1 190,700
SOURCE INFORMATION MGMT CO COMMON 836151209 459,900 26,280 SH 26,280 1 26,280
SPIEKER PPTYS INC COM COMMON 848497103 330,813 7,434 SH 7,434 1 7,434
SPLITROCK SERVICES, INC. COMMON 848636304 1,402,282 34,202 SH 34,202 1 34,202
SPRINT PCS W/I COMMON 852061506 6,225,331 95,300 SH 95,300 1 95,300
ST ASSEMBLY TEST SERVICE--ADR F.COM. ADR 85227G102 654,750 13,500 SH 13,500 1 13,500
STAPLES, INC. COMMON 855030102 8,453,500 422,675 SH 422,675 1 422,675
STARMEDIA NETWORK IN COMMON 855546107 300,625 10,000 SH 10,000 1 10,000
STERLING SOFTWARE, INC. COMMON 859547101 1,040,050 34,100 SH 34,100 1 34,100
STMICROELECTRONICS N.V. COMMON 86101210 2,077,781 11,100 SH 11,100 1 11,100
SULLIVAN HOLDINGS, INC. CLASS COMMON 865303101 - 76 SH 76 1 76
SUN MICROSYSTEMS, INC. COMMON 866810104 34,074,204 363,640 SH 363,640 1 363,640
SUPERVALU COMMON 868536103 1,702,481 89,900 SH 89,900 1 89,900
SYNOPSYS INC. COMMON 871607107 146,250 3,000 SH 3,000 1 3,000
TJX CO., INC. COMMON 872540109 406,031 18,300 SH 18,300 1 18,300
TRW COMMON 872649108 2,936,700 50,200 SH 50,200 1 50,200
TAIWAN SEMICONDUCTOR F.COM. ADR 874039100 2,166,000 38,000 SH 38,000 1 38,000
TALBOTS INC COMMON 874161102 785,981 13,350 SH 13,350 1 13,350
TARGET CORP. COMMON 87612E106 3,243,403 43,390 SH 43,390 1 43,390
TECUMSEH PRODUCTS CO. COMMON 878895200 1,214,400 27,600 SH 27,600 1 27,600
TELE CELULAR SUL PARTICIPACOES F.COM. ADR 879238103 50,000 1,000 SH 1,000 1 1,000
TELE CENTRO SUL PARTICIPACOES F.COM. ADR 879239101 486,000 6,000 SH 6,000 1 6,000
TELENORTE LESTE PART ADR F.COM. ADR 879246106 335,475 12,600 SH 12,600 1 12,600
TELEBRAS HOLDR F.COM. ADR 879287308 1,541,781 10,300 SH 10,300 1 10,300
TELEFONICA DE ESPANA ADR F.COM. ADR 879382208 68,506 918 SH 918 1 918
TELEFONOS DE MEXICO SA ADR F.COM. ADR 879403780 2,438,800 36,400 SH 36,400 1 36,400
TELLABS, INC. COMMON 879664100 1,536,819 24,400 SH 24,400 1 24,400
TELSCAPE INTERNATION COMMON 87969E105 682,500 32,500 SH 32,500 1 32,500
TEMPLE-INLAND, INC. COMMON 879868107 4,966,306 99,700 SH 99,700 1 99,700
TERADYNE, INC COMMON 880770102 888,300 10,800 SH 10,800 1 10,800
TEREX CORPORATION. COMMON 880779103 4,219,063 293,500 SH 293,500 1 293,500
TETRA TECH COMMON 88162G103 5,156,125 217,100 SH 217,100 1 217,100
TEXACO, INC. COMMON 881694103 3,252,356 60,650 SH 60,650 1 60,650
TEXAS INDUSTRIES INC COMMON 882491103 1,836,375 59,000 SH 59,000 1 59,000
TEXAS INSTRUMENTS INC COMMON 882508104 10,873,600 67,960 SH 67,960 1 67,960
TEXAS UTILITIES CO. COMMON 882848104 816,406 27,500 SH 27,500 1 27,500
TIDEWATER INC. COMMON 886423102 260,863 8,200 SH 8,200 1 8,200
TIME WARNER, INC. COMMON 887315109 7,870,000 78,700 SH 78,700 1 78,700
TOSCO CORP. COMMON 891490302 4,629,544 152,100 SH 152,100 1 152,100
TOWER AUTOMOTIVE, INC. COMMON 89170710 574,763 35,100 SH 35,100 1 35,100
TRICON GL RESTAURANT COMMON 895953107 680,269 21,900 SH 21,900 1 21,900
TRIBUNE CO NEW COMMON 896047107 3,488,063 95,400 SH 95,400 1 95,400
TRIGON HEALTHCARE COMMON 89618L100 5,523,375 154,500 SH 154,500 1 154,500
TRUSTMARK CORP. COMMON 898402102 127,181 6,300 SH 6,300 1 6,300
TUPPERWARE CORP. COMMON 899896104 2,302,300 145,600 SH 145,600 1 145,600
TV AZTECA F.COM. ADR 901145102 177,000 12,000 SH 12,000 1 12,000
TYCO INTERNATIONAL LTD. COMMON 902124106 76,176,663 1,527,300 SH 1,527,300 1 1,527,300
UTI ENERGY COMMON 903387108 959,605 25,420 SH 25,420 1 25,420
ULTRAMAR COMMON 904000106 3,412,938 134,500 SH 134,500 1 134,500
UNILEVER N.V. F.COM. ADR 904784709 4,644,063 96,500 SH 96,500 1 96,500
UNICOM CORP. COMMON 904911104 865,050 23,700 SH 23,700 1 23,700
UNION PACIFIC CORP COMMON 907818108 1,944,513 49,700 SH 49,700 1 49,700
UNIONBANCAL CORPORATION COMMON 908906100 3,949,711 143,300 SH 143,300 1 143,300
UNISYS CORP COMMON 909214108 1,504,500 59,000 SH 59,000 1 59,000
UNITED HEALTHCARE CORP. COMMON 910581107 3,947,175 66,200 SH 66,200 1 66,200
UNITED TECHNOLOGIES COMMON 913017109 6,280,838 99,400 SH 99,400 1 99,400
UNOCAL CORP COMMON 915289102 1,103,725 37,100 SH 37,100 1 37,100
UTILICORP UNITED, INC. DEL. COMMON 918005109 5,084,600 281,500 SH 281,500 1 281,500
VALASSIS COMMUNICATIONS, INC. COMMON 918866104 5,138,453 154,250 SH 154,250 1 154,250
VALERO ENERGY CORP. COMMON 91913Y100 4,266,063 139,300 SH 139,300 1 139,300
VALUECLICK INC. COMMON 92046N102 20,938 1,000 SH 1,000 1 1,000
VERIO INC COMMON 923433106 504,706 11,200 SH 11,200 1 11,200
VIACOM, INC. CLASS B COMMON 925524308 3,518,425 66,700 SH 66,700 1 66,700
VIATEL INC COMMON 925529208 948,443 18,898 SH 18,898 1 18,898
VIGNETTE CORP COMMON 926734104 6,410,000 40,000 SH 40,000 1 40,000
VISHAY INTERTECHNOLOGY
INCORPORATED COMMON 928298108 11,386,438 204,700 SH 204,700 1 204,700
VIXEL CORP COMMON 928552108 1,828,575 113,400 SH 113,400 1 113,400
VORNADO RLTY TR COM COMMON 929042109 265,655 7,930 SH 7,930 1 7,930
WACKENHUT CORP. CL A COMMON 929794105 585,375 42,000 SH 42,000 1 42,000
WAL-MART STORES, INC. COMMON 931142103 49,252,950 887,100 SH 887,100 1 887,100
WARNER-LAMBERT CO. COMMON 934488107 5,324,083 54,600 SH 54,600 1 54,600
WATERS CORPORATION COMMON 941848103 14,097,000 148,000 SH 148,000 1 148,000
WATSON PHARMACEUTICALS, INC. COMMON 942683103 4,960,938 125,000 SH 125,000 1 125,000
WELLPOINT HEALTH NETWORKS COMMON 94973H108 2,410,688 34,500 SH 34,500 1 34,500
WELLS FARGO CO. COMMON 949746101 52,936,281 1,293,100 SH 1,293,100 1 1,293,100
WEYERHAUSER CO COMMON 962166104 2,929,800 51,400 SH 51,400 1 51,400
WHIRLPOOL CORP COMMON 963320106 2,210,163 37,700 SH 37,700 1 37,700
WILLAMETTE INDUSTRIES COMMON 969133107 240,750 6,000 SH 6,000 1 6,000
YAHOO! INC. COMMON 984332106 4,666,541 27,230 SH 27,230 1 27,230
ZALE CORP. COMMON 988858106 1,118,344 23,700 SH 23,700 1 23,700
PXRE GROUP LTD COMMON G73018106 19,238,900 1,131,700 SH 1,131,700 1 1,131,700
RENAISSANCERE HOLDINGS, LTD F.COM. ADR G7496G103 1,144,500 28,000 SH 28,000 1 28,000
SANTA FE INTERNATIONAL COMMON G7805C108 4,961,700 134,100 SH 134,100 1 134,100
HILFIGER TOMMY CORP COMMON G8915Z102 3,393,000 234,000 SH 234,000 1 234,000
TRANSOCEAN SEDCO FOREX COMMON G90078109 10,808,722 210,645 SH 210,645 1 210,645
GILAT COMMUNICATIONS LTD COMMON M50876107 599,063 22,500 SH 22,500 1 22,500
ORBOTECH LTD COMMON M75253100 653,650 7,690 SH 7,690 1 7,690
SUN INTERNATIONAL HOTELS LTD COMMON P8797T133 1,355,250 69,500 SH 69,500 1 69,500
3,273,393,715.00
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