----------------------------------
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
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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:
Name: John H. Beers
----------------------------------------------------------------------
Title: Corporate Secretary
----------------------------------------------------------------------
Phone: (860) 403-5050
----------------------------------------------------------------------
Signature, Place and Date of Signing:
/s/ John H. Beers Hartford, CT November 13, 2000
--------------------- ------------------- ------------------
(Signature) (City, State) (Date)
<PAGE>
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 discretion; 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).
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 446
----
Form 13F Information Table Value Total: $3,342,673,000.00
-----------------
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.
<TABLE>
<CAPTION>
No. Form 13F File Number Name
<S> <C> <C> <C>
1 28 - 85 Phoenix Investment Counsel, Inc.
------- --------- --------------------------------
2 28 - 7284 Phoenix Investment Partners, Ltd.
------- --------- ---------------------------------
3 28 - 4602 P. M. Holdings, Inc.
------- --------- --------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
REPORTING MANAGER: PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------ ------ ------ ------ ------ ------ ------ ------
VOTING AUTHORITY
----------------
FAIR SHARES OR
TITLE OF CUSIP MARKET PRINCIPAL SH/ PUT/ INVESTMENT SOLE SHARED NONE
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT PRN CALL DISCRETION MANAGERS (A) (B) (C)
-------------- ----- ------ ----- ------ --- ---- ---------- -------- --- --- ---
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A.L. PHARMA, INC. COMMON 020813101 10,036,725.00 164,200.00 SH 164,200.00 1 164,200.00
------------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABORATORIES COMMON 002824100 38,991,741.00 819,800.00 SH 819,800.00 1 819,800.00
------------------------------------------------------------------------------------------------------------------------------------
ACTUATE SOFTWARE CORP COMMON 00508B102 1,101,358.37 31,880.00 SH 31,880.00 1 31,880.00
------------------------------------------------------------------------------------------------------------------------------------
ADC TELECOMMUNICATIONS INC COMMON 000886101 9,478,945.33 352,500.00 SH 352,500.00 1 352,500.00
------------------------------------------------------------------------------------------------------------------------------------
ADOBE SYS INC COMMON 00724F101 4,042,710.00 26,040.00 SH 26,040.00 1 26,040.00
------------------------------------------------------------------------------------------------------------------------------------
ADTRAN, INC. COMMON 00738A106 12,861,920.31 302,300.00 SH 302,300.00 1 302,300.00
------------------------------------------------------------------------------------------------------------------------------------
ADVANCED LTG COMMON 00753C102 4,224,825.00 341,400.00 SH 341,400.00 1 341,400.00
------------------------------------------------------------------------------------------------------------------------------------
ADVANCED MIRCO DEVICES,INC. COMMON 007903107 911,925.00 38,600.00 SH 38,600.00 1 38,600.00
------------------------------------------------------------------------------------------------------------------------------------
AES CORP. COMMON 00130H105 1,609,750.00 23,500.00 SH 23,500.00 1 23,500.00
------------------------------------------------------------------------------------------------------------------------------------
AFFILIATED COMPUTER COMMON 008190100 6,703,200.00 134,400.00 SH 134,400.00 1 134,400.00
------------------------------------------------------------------------------------------------------------------------------------
AGILENT TECHNOLOGIESINC COMMON 00846U101 3,083,062.50 63,000.00 SH 63,000.00 1 63,000.00
------------------------------------------------------------------------------------------------------------------------------------
AIR PRODUCTS & CHEMICALS, INC. COMMON 009158106 9,759,600.00 271,100.00 SH 271,100.00 1 271,100.00
------------------------------------------------------------------------------------------------------------------------------------
ALBERTO-CULVER CO-CL B COMMON 013068101 697,262.50 24,200.00 SH 24,200.00 1 24,200.00
------------------------------------------------------------------------------------------------------------------------------------
ALCOA, INC. COMMON 013817101 5,786,442.00 228,600.00 SH 228,600.00 1 228,600.00
------------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC COMMON 018490102 1,925,175.00 22,800.00 SH 22,800.00 1 22,800.00
------------------------------------------------------------------------------------------------------------------------------------
ALLETE COMMON 018522102 1,362,900.00 61,600.00 SH 61,600.00 1 61,600.00
------------------------------------------------------------------------------------------------------------------------------------
ALLIANT TECHSYSTEMS, INC. COMMON 018804104 5,814,450.00 70,800.00 SH 70,800.00 1 70,800.00
------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP. COMMON 020002101 4,656,500.00 134,000.00 SH 134,000.00 1 134,000.00
------------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP. COMMON 020039103 3,914,062.50 75,000.00 SH 75,000.00 1 75,000.00
------------------------------------------------------------------------------------------------------------------------------------
ALPHA INDUSTRIES INC COMMON 020753109 440,434.60 12,930.00 SH 12,930.00 1 12,930.00
------------------------------------------------------------------------------------------------------------------------------------
ALTERA CORPO COMMON 021441100 10,008,400.00 209,600.00 SH 209,600.00 1 209,600.00
------------------------------------------------------------------------------------------------------------------------------------
AMBAC FINANCIAL GROUP, INC. COMMON 023139108 2,344,000.00 32,000.00 SH 32,000.00 1 32,000.00
------------------------------------------------------------------------------------------------------------------------------------
AMER MGMT SYST COMMON 027352103 4,948,281.25 287,900.00 SH 287,900.00 1 287,900.00
------------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP COMMON 023551104 11,078,156.25 165,500.00 SH 165,500.00 1 165,500.00
------------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE, INC COMMON 02364J104 27,907,000.00 519,200.00 SH 519,200.00 1 519,200.00
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS COMMON 025816109 10,886,400.00 179,200.00 SH 179,200.00 1 179,200.00
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN GENERAL CORP. COMMON 026351106 9,633,000.00 123,500.00 SH 123,500.00 1 123,500.00
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GROUP, COMMON 026874107 65,292,176.01 682,348.00 SH 682,348.00 1 682,348.00
------------------------------------------------------------------------------------------------------------------------------------
AMERISOURSE HEALTH CORP. COMMON 03071P102 2,049,200.00 43,600.00 SH 43,600.00 1 43,600.00
------------------------------------------------------------------------------------------------------------------------------------
AMEX ENERGY SELECT COMMON 81369Y506 884,671.88 27,000.00 SH 27,000.00 1 27,000.00
------------------------------------------------------------------------------------------------------------------------------------
AMEX FINANCIAL COMMON 81369Y605 7,992,400.00 275,600.00 SH 275,600.00 1 275,600.00
------------------------------------------------------------------------------------------------------------------------------------
AMGEN, INC. COMMON 031162100 3,564,725.27 51,050.00 SH 51,050.00 1 51,050.00
------------------------------------------------------------------------------------------------------------------------------------
AMR CORP. COMMON 001765106 1,055,806.25 32,300.00 SH 32,300.00 1 32,300.00
------------------------------------------------------------------------------------------------------------------------------------
ANADARKO PETROLEUM CORP. COMMON 032511107 22,848,948.00 343,800.00 SH 343,800.00 1 343,800.00
------------------------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES COMMON 032654105 1,420,075.00 17,200.00 SH 17,200.00 1 17,200.00
------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER-BUSCH COMPANIES, INC. COMMON 035229103 6,241,093.75 147,500.00 SH 147,500.00 1 147,500.00
------------------------------------------------------------------------------------------------------------------------------------
ANNTAYLOR STORES COMMON 036115103 565,038.63 14,700.00 SH 14,700.00 1 14,700.00
------------------------------------------------------------------------------------------------------------------------------------
APACHE CORPORATION COMMON 037411105 8,921,962.50 150,900.00 SH 150,900.00 1 150,900.00
------------------------------------------------------------------------------------------------------------------------------------
APARTMENT INVT & MGMT CO COM COMMON 03748R101 352,197.69 7,646.00 SH 7,646.00 1 7,646.00
------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER, INC. COMMON 037833100 2,647,100.00 102,800.00 SH 102,800.00 1 102,800.00
------------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIALS, INC. COMMON 038222105 5,836,350.00 98,400.00 SH 98,400.00 1 98,400.00
------------------------------------------------------------------------------------------------------------------------------------
ARADIGM CORP COMMON STOCK COMMON 038505103 785,555.52 34,247.00 SH 34,247.00 1 34,247.00
------------------------------------------------------------------------------------------------------------------------------------
ARIBA INC COMMON 04033V104 5,192,819.24 36,246.00 SH 36,246.00 1 36,246.00
------------------------------------------------------------------------------------------------------------------------------------
ARTESYN TECHNOLOGIES INC. COMMON 043127109 4,191,087.50 143,900.00 SH 143,900.00 1 143,900.00
------------------------------------------------------------------------------------------------------------------------------------
AT & T CORP. COMMON 001957109 1,568,625.00 53,400.00 SH 53,400.00 1 53,400.00
------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP - SER A COMMON 045919107 565,023.28 40,001.65 SH 40,001.65 1 40,001.65
------------------------------------------------------------------------------------------------------------------------------------
AT&T LATIN AMERICA CORP COMMON 04649A106 6,519,535.70 772,675.00 SH 772,675.00 1 772,675.00
------------------------------------------------------------------------------------------------------------------------------------
AVX CORP COMMON 002444107 1,764,431.25 67,700.00 SH 67,700.00 1 67,700.00
------------------------------------------------------------------------------------------------------------------------------------
AXA FINANCIAL, INC. COMMON 002451102 2,383,875.00 46,800.00 SH 46,800.00 1 46,800.00
------------------------------------------------------------------------------------------------------------------------------------
BAKER HUGHES, INC. COMMON 057224107 14,872,275.00 400,600.00 SH 400,600.00 1 400,600.00
------------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA CORP. COMMON 060505104 6,007,412.50 114,700.00 SH 114,700.00 1 114,700.00
------------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO., INC. COMMON 064057102 11,548,875.00 206,000.00 SH 206,000.00 1 206,000.00
------------------------------------------------------------------------------------------------------------------------------------
BARD C R INC COMMON 067383109 13,507,325.00 319,700.00 SH 319,700.00 1 319,700.00
------------------------------------------------------------------------------------------------------------------------------------
BARRETT RES COMMON 068480201 1,928,437.50 51,000.00 SH 51,000.00 1 51,000.00
------------------------------------------------------------------------------------------------------------------------------------
BAXTER INTERNATIONAL, INC. COMMON 071813109 8,324,443.75 104,300.00 SH 104,300.00 1 104,300.00
------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP. COMMON 079860102 9,454,725.00 234,900.00 SH 234,900.00 1 234,900.00
------------------------------------------------------------------------------------------------------------------------------------
BELLWETHER COMMON 079895207 1,537,500.00 200,000.00 SH 200,000.00 1 200,000.00
------------------------------------------------------------------------------------------------------------------------------------
BEST BUY CO., INC. COMMON 086516101 2,347,762.50 36,900.00 SH 36,900.00 1 36,900.00
------------------------------------------------------------------------------------------------------------------------------------
BJ'S WHOLESALE CLUB COMMON 05548J106 447,037.50 13,100.00 SH 13,100.00 1 13,100.00
------------------------------------------------------------------------------------------------------------------------------------
BLACK BOX CORPORATIO COMMON 091826107 3,391,968.75 72,750.00 SH 72,750.00 1 72,750.00
------------------------------------------------------------------------------------------------------------------------------------
BOEING CO. COMMON 097023105 6,708,600.00 106,500.00 SH 106,500.00 1 106,500.00
------------------------------------------------------------------------------------------------------------------------------------
BOSTON COMM GROUP COMMON 100582105 9,765,525.00 507,300.00 SH 507,300.00 1 507,300.00
------------------------------------------------------------------------------------------------------------------------------------
BOSTON PPTYS INC COMMON 101121101 410,701.98 9,565.00 SH 9,565.00 1 9,565.00
------------------------------------------------------------------------------------------------------------------------------------
BRISTOL-MYERS SQUIBB CO. COMMON 110122108 35,242,625.00 616,900.00 SH 616,900.00 1 616,900.00
------------------------------------------------------------------------------------------------------------------------------------
BROADCOM CORP-CL A COMMON 111320107 1,330,143.75 5,457.00 SH 5,457.00 1 5,457.00
------------------------------------------------------------------------------------------------------------------------------------
BROOKTROUT TECH INC COMMON 114580103 6,620,437.50 201,000.00 SH 201,000.00 1 201,000.00
------------------------------------------------------------------------------------------------------------------------------------
CABLETRON SYSTEMS, INC. COMMON 126920107 7,901,875.00 269,000.00 SH 269,000.00 1 269,000.00
------------------------------------------------------------------------------------------------------------------------------------
CABOT CORPORATION COMMON 127055101 2,848,706.25 89,900.00 SH 89,900.00 1 89,900.00
------------------------------------------------------------------------------------------------------------------------------------
CAL DIVE INTERNATIONAL COMMON 127914109 7,702,020.89 134,680.00 SH 134,680.00 1 134,680.00
------------------------------------------------------------------------------------------------------------------------------------
CALPINE CORPORATION COMMON 131347106 7,097,540.00 68,000.00 SH 68,000.00 1 68,000.00
------------------------------------------------------------------------------------------------------------------------------------
CARDINAL HEALTH, INC. COMMON 14149Y108 34,106,515.63 386,750.00 SH 386,750.00 1 386,750.00
------------------------------------------------------------------------------------------------------------------------------------
CBRL GROUP INC COMMON 12489V106 4,292,375.00 298,600.00 SH 298,600.00 1 298,600.00
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP. COMMON 151313103 2,450,137.50 225,300.00 SH 225,300.00 1 225,300.00
------------------------------------------------------------------------------------------------------------------------------------
CENTERPOINT PROPERTIES CORP COMMON 151895109 525,118.22 11,400.00 SH 11,400.00 1 11,400.00
------------------------------------------------------------------------------------------------------------------------------------
CHARLES RIVER LABS. COMMON 159864107 11,243,800.00 330,700.00 SH 330,700.00 1 330,700.00
------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP. COMMON 16161A108 22,622,641.59 489,800.00 SH 489,800.00 1 489,800.00
------------------------------------------------------------------------------------------------------------------------------------
CHECKFREE CORP COMMON 162813109 8,750,951.56 208,900.00 SH 208,900.00 1 208,900.00
------------------------------------------------------------------------------------------------------------------------------------
CHELSEA GCA REALTY INC COMMON 163262108 265,966.50 7,572.00 SH 7,572.00 1 7,572.00
------------------------------------------------------------------------------------------------------------------------------------
CHEVRON CORPORATION COMMON 166751107 19,283,550.00 226,200.00 SH 226,200.00 1 226,200.00
------------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP. COMMON 125509109 13,217,040.00 126,600.00 SH 126,600.00 1 126,600.00
------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP. COMMON 172474108 6,050,437.50 183,000.00 SH 183,000.00 1 183,000.00
------------------------------------------------------------------------------------------------------------------------------------
CISCO SYSTEMS, INC. COMMON 17275R102 68,007,313.40 1,231,060.00 SH 1,231,060.00 1 1,231,060.00
------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP, INC. COMMON 172967101 116,035,487.63 2,146,320.94 SH 2,146,320.94 1 2,146,320.94
------------------------------------------------------------------------------------------------------------------------------------
CLARK/BARDES HLDGS INC COM COMMON 180668105 11,320,446.50 1,111,155.00 SH 1,111,155.00 1 1,111,155.00
------------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNELS COMMUNICATIONS, COMMON 184502102 24,681,460.00 436,840.00 SH 436,840.00 1 436,840.00
------------------------------------------------------------------------------------------------------------------------------------
CLOROX CO. COMMON 189054109 502,443.75 12,700.00 SH 12,700.00 1 12,700.00
------------------------------------------------------------------------------------------------------------------------------------
COASTAL COMMON 190441105 8,450,250.00 114,000.00 SH 114,000.00 1 114,000.00
------------------------------------------------------------------------------------------------------------------------------------
COCA-COLA CO COMMON 19121610 1,598,625.00 29,000.00 SH 29,000.00 1 29,000.00
------------------------------------------------------------------------------------------------------------------------------------
COGNEX CORPORATION COMMON 192422103 887,343.75 22,500.00 SH 22,500.00 1 22,500.00
------------------------------------------------------------------------------------------------------------------------------------
COMMERCE GROUP, INC. COMMON 200641108 2,378,662.50 82,200.00 SH 82,200.00 1 82,200.00
------------------------------------------------------------------------------------------------------------------------------------
COMMERCE ONE COMMON 200693109 3,190,240.00 40,640.00 SH 40,640.00 1 40,640.00
------------------------------------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP. COMMON 204493100 33,197,536.00 1,203,700.00 SH 1,203,700.00 1 1,203,700.00
------------------------------------------------------------------------------------------------------------------------------------
COMPUTER LEARNING CTRS COMMON 205199102 277.06 286.00 SH 286.00 1 286.00
------------------------------------------------------------------------------------------------------------------------------------
COMPUTER SCIENCES CORPORATION COMMON 205363104 11,991,375.00 161,500.00 SH 161,500.00 1 161,500.00
------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECHNOLOGY, INC. COMMON 205862402 3,931,200.00 36,400.00 SH 36,400.00 1 36,400.00
------------------------------------------------------------------------------------------------------------------------------------
CONAGRA, INC. COMMON 205887102 2,700,412.50 134,600.00 SH 134,600.00 1 134,600.00
------------------------------------------------------------------------------------------------------------------------------------
CONCORD EFS, INC. COMMON 206197105 813,307.81 22,900.00 SH 22,900.00 1 22,900.00
------------------------------------------------------------------------------------------------------------------------------------
CONOCO INC. COMMON 208251306 13,125,200.00 502,400.00 SH 502,400.00 1 502,400.00
------------------------------------------------------------------------------------------------------------------------------------
CONSTELLATION ENERGY GROUP COMMON 210371100 248,830.00 5,000.00 SH 5,000.00 1 5,000.00
------------------------------------------------------------------------------------------------------------------------------------
COOPER COMPANIES, INC. (THE) COMMON 216648402 4,004,450.00 113,200.00 SH 113,200.00 1 113,200.00
------------------------------------------------------------------------------------------------------------------------------------
COORS(ADOLPH) CO. CLASS B COMMON 217016104 1,118,418.75 17,700.00 SH 17,700.00 1 17,700.00
------------------------------------------------------------------------------------------------------------------------------------
CORNING INCORPORATED COMMON 219350105 13,314,510.00 44,830.00 SH 44,830.00 1 44,830.00
------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS COMMON 225302108 3,906,000.00 130,200.00 SH 130,200.00 1 130,200.00
------------------------------------------------------------------------------------------------------------------------------------
CROSSROADS SYSTEMS COMMON 22765D100 236,529.50 27,827.00 SH 27,827.00 1 27,827.00
------------------------------------------------------------------------------------------------------------------------------------
CROWN CASTLE INTERNATIONAL COMMON 228227104 5,740,371.98 184,800.00 SH 184,800.00 1 184,800.00
------------------------------------------------------------------------------------------------------------------------------------
CULLEN/FROST BANKERS, INC. COMMON 229899109 6,477,250.00 199,300.00 SH 199,300.00 1 199,300.00
------------------------------------------------------------------------------------------------------------------------------------
CYMER, INC. COMMON 232572107 681,262.50 22,200.00 SH 22,200.00 1 22,200.00
------------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR CORP COMMON 232806109 1,724,843.75 41,500.00 SH 41,500.00 1 41,500.00
------------------------------------------------------------------------------------------------------------------------------------
D R HORTON INC COMMON 23331A109 4,011,562.50 242,625.00 SH 242,625.00 1 242,625.00
------------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO. COMMON 242361103 4,734,800.00 142,400.00 SH 142,400.00 1 142,400.00
------------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP. COMMON 247025109 4,329,158.59 140,500.00 SH 140,500.00 1 140,500.00
------------------------------------------------------------------------------------------------------------------------------------
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 6,095,375.00 403,000.00 SH 403,000.00 1 403,000.00
------------------------------------------------------------------------------------------------------------------------------------
DELTA AIR LINES, INC. COMMON 247361108 1,735,062.50 39,100.00 SH 39,100.00 1 39,100.00
------------------------------------------------------------------------------------------------------------------------------------
DEVELOPERS DIVERSIFIED COMMON 25159110 38,625.00 3,000.00 SH 3,000.00 1 3,000.00
------------------------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING COMMON 25271C102 9,934,300.00 242,300.00 SH 242,300.00 1 242,300.00
------------------------------------------------------------------------------------------------------------------------------------
DIAMONDS TRUST SERIES I COMMON 252787106 533,125.00 5,000.00 SH 5,000.00 1 5,000.00
------------------------------------------------------------------------------------------------------------------------------------
DIGITAL ISLAND COMMON 25385N101 1,360,931.25 72,583.00 SH 72,583.00 1 72,583.00
------------------------------------------------------------------------------------------------------------------------------------
DITECH COMM. CORP COMMON 25500M103 1,556,770.00 37,970.00 SH 37,970.00 1 37,970.00
------------------------------------------------------------------------------------------------------------------------------------
DOMINION RESOURCES COMMON 25746U109 290,312.50 5,000.00 SH 5,000.00 1 5,000.00
------------------------------------------------------------------------------------------------------------------------------------
DONALDSON, LUFKIN & JENRETTE, COMMON 257661108 992,756.25 11,100.00 SH 11,100.00 1 11,100.00
------------------------------------------------------------------------------------------------------------------------------------
DOT HILL SYSTEMS COMMON 25848T109 3,672,500.00 565,000.00 SH 565,000.00 1 565,000.00
------------------------------------------------------------------------------------------------------------------------------------
DOVER CORP. COMMON 260003108 4,768,850.00 101,600.00 SH 101,600.00 1 101,600.00
------------------------------------------------------------------------------------------------------------------------------------
DOW CHEMICAL CO. COMMON 260543103 3,695,737.50 148,200.00 SH 148,200.00 1 148,200.00
------------------------------------------------------------------------------------------------------------------------------------
DOW JONES & COMPANY INC. (DJ) COMMON 260561105 3,599,750.00 59,500.00 SH 59,500.00 1 59,500.00
------------------------------------------------------------------------------------------------------------------------------------
DRIL-QUIP INC COMMON 262037104 685,052.50 17,180.00 SH 17,180.00 1 17,180.00
------------------------------------------------------------------------------------------------------------------------------------
DTE ENERGY CO. COMMON 233331107 1,415,250.00 37,000.00 SH 37,000.00 1 37,000.00
------------------------------------------------------------------------------------------------------------------------------------
DU PONT (E.I.) DE NEMOURS & CO COMMON 263534109 15,817,518.75 381,800.00 SH 381,800.00 1 381,800.00
------------------------------------------------------------------------------------------------------------------------------------
DUKE ENERGY CORP. COMMON 264399106 38,681,825.00 451,100.00 SH 451,100.00 1 451,100.00
------------------------------------------------------------------------------------------------------------------------------------
DUKE-WEEKS REALTY CORP COMMON 264411505 248,680.50 10,308.00 SH 10,308.00 1 10,308.00
------------------------------------------------------------------------------------------------------------------------------------
DYNEGY INC COMMON 26816Q101 8,894,069.70 156,035.00 SH 156,035.00 1 156,035.00
------------------------------------------------------------------------------------------------------------------------------------
E.PIPHANY INC COMMON 26881V100 501,217.71 6,504.00 SH 6,504.00 1 6,504.00
------------------------------------------------------------------------------------------------------------------------------------
ECOLAB INC. (ECL) COMMON 278865100 3,919,993.75 108,700.00 SH 108,700.00 1 108,700.00
------------------------------------------------------------------------------------------------------------------------------------
EDISON INTERNATIONAL COMMON 281020107 6,910,012.50 357,800.00 SH 357,800.00 1 357,800.00
------------------------------------------------------------------------------------------------------------------------------------
EDWARDS LIFESCIENCES CORP COMMON 28176E108 737,279.39 33,800.00 SH 33,800.00 1 33,800.00
------------------------------------------------------------------------------------------------------------------------------------
EL PASO ELECTRIC COMPANY COMMON 283677854 2,897,208.00 210,400.00 SH 210,400.00 1 210,400.00
------------------------------------------------------------------------------------------------------------------------------------
EL PASO ENERGY CORPORATION COMMON 28390510 2,156,875.00 35,000.00 SH 35,000.00 1 35,000.00
------------------------------------------------------------------------------------------------------------------------------------
ELECTRO SCIENTIFIC INDS INC COMMON 285229100 802,957.50 22,860.00 SH 22,860.00 1 22,860.00
------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS CORP. COMMON 285661104 15,425,550.00 371,700.00 SH 371,700.00 1 371,700.00
------------------------------------------------------------------------------------------------------------------------------------
EMC CORP. COMMON 268648102 9,294,937.50 93,750.00 SH 93,750.00 1 93,750.00
------------------------------------------------------------------------------------------------------------------------------------
ENERGY EAST CORPORATION COMMON 29266M109 3,018,175.00 133,400.00 SH 133,400.00 1 133,400.00
------------------------------------------------------------------------------------------------------------------------------------
ENHANCE FINANCIAL COMMON 293310108 26,000.00 2,000.00 SH 2,000.00 1 2,000.00
------------------------------------------------------------------------------------------------------------------------------------
ENRON CORP COMMON 293561106 210,338.40 2,400.00 SH 2,400.00 1 2,400.00
------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP. COMMON 29364G103 13,749,133.00 369,100.00 SH 369,100.00 1 369,100.00
------------------------------------------------------------------------------------------------------------------------------------
EPRISE CORP COMMON 294352109 10,797,344.63 1,251,866.00 SH 1,251,866.00 1 1,251,866.00
------------------------------------------------------------------------------------------------------------------------------------
EQUITABLE RESOURCES, INC. COMMON 294549100 4,740,450.00 74,800.00 SH 74,800.00 1 74,800.00
------------------------------------------------------------------------------------------------------------------------------------
EQUITY OFFICE PPTYS TR COM COMMON 294741103 325,825.50 10,500.00 SH 10,500.00 1 10,500.00
------------------------------------------------------------------------------------------------------------------------------------
EQUITY RESIDENTIAL PROPERT COMMON 29476L10 129,600.00 2,700.00 SH 2,700.00 1 2,700.00
------------------------------------------------------------------------------------------------------------------------------------
ESSEX PROPERTY TRUST INC COMMON 297178105 530,492.50 9,580.00 SH 9,580.00 1 9,580.00
------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER CO. COMMON 518439104 454,150.00 12,400.00 SH 12,400.00 1 12,400.00
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP. COMMON 30231G102 41,686,753.00 467,736.00 SH 467,736.00 1 467,736.00
------------------------------------------------------------------------------------------------------------------------------------
FAIRCHILD SEMICON COMMON 303726103 7,501,359.38 266,715.00 SH 266,715.00 1 266,715.00
------------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATIONAL MORTGAGE ASSO COMMON 313586109 5,870,150.00 82,100.00 SH 82,100.00 1 82,100.00
------------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP. COMMON 319963104 3,316,406.25 84,900.00 SH 84,900.00 1 84,900.00
------------------------------------------------------------------------------------------------------------------------------------
FISERV COMMON 337738108 23,309,337.50 389,300.00 SH 389,300.00 1 389,300.00
------------------------------------------------------------------------------------------------------------------------------------
FLEET BOSTON CORP. COMMON 339030108 28,934,100.00 741,900.00 SH 741,900.00 1 741,900.00
------------------------------------------------------------------------------------------------------------------------------------
FORD MOTOR COMPANY COMMON 345370860 13,520,062.50 534,000.00 SH 534,000.00 1 534,000.00
------------------------------------------------------------------------------------------------------------------------------------
FOUNDRY NETWORKS INC COMMON 35063R100 1,150,731.20 17,191.00 SH 17,191.00 1 17,191.00
------------------------------------------------------------------------------------------------------------------------------------
FRANKLIN RESOURCES INC COMMON 354613101 853,056.00 19,200.00 SH 19,200.00 1 19,200.00
------------------------------------------------------------------------------------------------------------------------------------
FREDDIE MAC COMMON 313400301 19,392,218.75 358,700.00 SH 358,700.00 1 358,700.00
------------------------------------------------------------------------------------------------------------------------------------
GALLAGHER -ARTHUR J. COMMON 363576109 3,979,112.50 67,300.00 SH 67,300.00 1 67,300.00
------------------------------------------------------------------------------------------------------------------------------------
GANNETT CO, INC. COMMON 364730101 2,713,600.00 51,200.00 SH 51,200.00 1 51,200.00
------------------------------------------------------------------------------------------------------------------------------------
GATEWAY, INC. COMMON 367626108 1,701,700.00 36,400.00 SH 36,400.00 1 36,400.00
------------------------------------------------------------------------------------------------------------------------------------
GENERAL DYNAMICS CORP. COMMON 369550108 12,418,033.60 197,700.00 SH 197,700.00 1 197,700.00
------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO. COMMON 369604103 122,701,105.89 2,126,930.00 SH 2,126,930.00 1 2,126,930.00
------------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS CORP. COMMON 370442105 2,580,500.00 39,700.00 SH 39,700.00 1 39,700.00
------------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS CORP. CL H COMMON 37044283 2,349,776.00 63,200.00 SH 63,200.00 1 63,200.00
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE, INC. COMMON 379352404 185,250.00 6,000.00 SH 6,000.00 1 6,000.00
------------------------------------------------------------------------------------------------------------------------------------
GPU, INC. COMMON 36225X100 2,361,450.00 72,800.00 SH 72,800.00 1 72,800.00
------------------------------------------------------------------------------------------------------------------------------------
GUIDANT CORP. COMMON 40169810 1,767,187.50 25,000.00 SH 25,000.00 1 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
GULF ISLAND FABRICATION, INC. COMMON 402307102 5,647,931.25 320,450.00 SH 320,450.00 1 320,450.00
------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO. COMMON 406216101 9,733,668.75 198,900.00 SH 198,900.00 1 198,900.00
------------------------------------------------------------------------------------------------------------------------------------
HARMONIC LIGHTWAVES INC. COMMON 413160102 2,558,400.00 106,600.00 SH 106,600.00 1 106,600.00
------------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP. DEL COMMON 413875105 7,368,156.25 259,100.00 SH 259,100.00 1 259,100.00
------------------------------------------------------------------------------------------------------------------------------------
HEALTH CARE REIT COMMON 42217K106 2,369,625.00 133,500.00 SH 133,500.00 1 133,500.00
------------------------------------------------------------------------------------------------------------------------------------
HEALTH MANAGEMENT ASSOCIATION, COMMON 421933102 7,606,968.75 365,500.00 SH 365,500.00 1 365,500.00
------------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO. COMMON 428236103 9,226,300.00 95,100.00 SH 95,100.00 1 95,100.00
------------------------------------------------------------------------------------------------------------------------------------
HILB ROGAL AND HAMILTON CO COMMON 431294107 36,061,872.00 865,042.00 SH 865,042.00 1 865,042.00
------------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT, INC. COMMON 437076102 7,377,363.30 139,050.00 SH 139,050.00 1 139,050.00
------------------------------------------------------------------------------------------------------------------------------------
HOMESTORE.COM INC COMMON 437852106 1,756,537.75 37,573.00 SH 37,573.00 1 37,573.00
------------------------------------------------------------------------------------------------------------------------------------
HONEYWELL INTERNATIONAL INC COMMON 438516106 4,346,250.00 122,000.00 SH 122,000.00 1 122,000.00
------------------------------------------------------------------------------------------------------------------------------------
HORACE MANN EDUCATORS CORP. COMMON 440327104 1,400,062.50 85,500.00 SH 85,500.00 1 85,500.00
------------------------------------------------------------------------------------------------------------------------------------
HOT TOPIC, INC COMMON 44133910 60,000.00 2,000.00 SH 2,000.00 1 2,000.00
------------------------------------------------------------------------------------------------------------------------------------
HOUSTON EXPLORATION COMMON 442120101 2,179,075.00 86,300.00 SH 86,300.00 1 86,300.00
------------------------------------------------------------------------------------------------------------------------------------
HUMANA, INC. COMMON 444859102 8,148,500.00 758,000.00 SH 758,000.00 1 758,000.00
------------------------------------------------------------------------------------------------------------------------------------
HVIDE MARINE, INC COMMON 44851M109 622,703.25 81,666.00 SH 81,666.00 1 81,666.00
------------------------------------------------------------------------------------------------------------------------------------
INFOCUS CORP COMMON 45665B106 681,580.00 12,860.00 SH 12,860.00 1 12,860.00
------------------------------------------------------------------------------------------------------------------------------------
INTEGRATED DEVICES TECH., INC. COMMON 458118106 4,398,300.00 48,600.00 SH 48,600.00 1 48,600.00
------------------------------------------------------------------------------------------------------------------------------------
INTEL CORP. COMMON 458140100 46,660,496.60 1,121,000.00 SH 1,121,000.00 1 1,121,000.00
------------------------------------------------------------------------------------------------------------------------------------
INTERLINK ELECTRONICS INC COMMON 458751104 792,243.75 40,890.00 SH 40,890.00 1 40,890.00
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 73,424,987.50 652,660.00 SH 652,660.00 1 652,660.00
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO. COMMON 460146103 6,110,437.50 213,000.00 SH 213,000.00 1 213,000.00
------------------------------------------------------------------------------------------------------------------------------------
INTERNET SECURITY SYSTEMS COMMON 46060X107 2,342,547.75 31,182.00 SH 31,182.00 1 31,182.00
------------------------------------------------------------------------------------------------------------------------------------
INTERWOVEN INC COMMON 46114T102 3,105,162.25 27,464.00 SH 27,464.00 1 27,464.00
------------------------------------------------------------------------------------------------------------------------------------
INTUIT INC COMMON 461202103 3,984,300.00 69,900.00 SH 69,900.00 1 69,900.00
------------------------------------------------------------------------------------------------------------------------------------
ITT EDUCATIONAL SERVICES, COMMON 45068B109 135,625.00 5,000.00 SH 5,000.00 1 5,000.00
------------------------------------------------------------------------------------------------------------------------------------
J.P. MORGAN & CO., INC. COMMON 616880100 12,751,418.75 78,050.00 SH 78,050.00 1 78,050.00
------------------------------------------------------------------------------------------------------------------------------------
JAZZTEL PLC-ADR COMMON 47214R152 833,647.50 37,051.00 SH 37,051.00 1 37,051.00
------------------------------------------------------------------------------------------------------------------------------------
JEFFERSON-PILOT CORP COMMON 475070108 203,625.00 3,000.00 SH 3,000.00 1 3,000.00
------------------------------------------------------------------------------------------------------------------------------------
JNI CORP COMMON 46622G105 1,165,900.00 13,100.00 SH 13,100.00 1 13,100.00
------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COMMON 478160104 14,128,202.16 150,400.00 SH 150,400.00 1 150,400.00
------------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP, INC. COMMON 480074103 1,166,000.00 44,000.00 SH 44,000.00 1 44,000.00
------------------------------------------------------------------------------------------------------------------------------------
JUNIPER NETWORKS INC COMMON 48203R104 3,870,823.84 17,680.00 SH 17,680.00 1 17,680.00
------------------------------------------------------------------------------------------------------------------------------------
KEITHLEY INSTRUMENTS COMMON 487584104 631,680.00 8,960.00 SH 8,960.00 1 8,960.00
------------------------------------------------------------------------------------------------------------------------------------
KELLOGG CO. COMMON 487836108 991,687.50 41,000.00 SH 41,000.00 1 41,000.00
------------------------------------------------------------------------------------------------------------------------------------
KEMET CORP. COMMON 488360108 1,903,362.50 68,900.00 SH 68,900.00 1 68,900.00
------------------------------------------------------------------------------------------------------------------------------------
KERR-MCGEE CORP. COMMON 492386107 5,048,250.00 76,200.00 SH 76,200.00 1 76,200.00
------------------------------------------------------------------------------------------------------------------------------------
KEY ENERGY SERVICES COMMON 492914106 641,672.06 65,390.00 SH 65,390.00 1 65,390.00
------------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP. COMMON 494368103 12,987,570.55 232,700.00 SH 232,700.00 1 232,700.00
------------------------------------------------------------------------------------------------------------------------------------
KING PHARM. COMMON 495582108 15,462,335.94 462,425.00 SH 462,425.00 1 462,425.00
------------------------------------------------------------------------------------------------------------------------------------
KLA-TENCOR CORPORATION COMMON 482480100 790,800.00 19,200.00 SH 19,200.00 1 19,200.00
------------------------------------------------------------------------------------------------------------------------------------
KNIGHT TRADING GROUP, INC. COMMON 499063105 1,224,000.00 34,000.00 SH 34,000.00 1 34,000.00
------------------------------------------------------------------------------------------------------------------------------------
KNIGHT-RIDDER,INC. COMMON 499040103 7,007,043.75 137,900.00 SH 137,900.00 1 137,900.00
------------------------------------------------------------------------------------------------------------------------------------
L-3 COMMUNICATIONS CORP. COMMON 502424104 9,028,700.00 159,800.00 SH 159,800.00 1 159,800.00
------------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH CORP COMMON 512807108 1,379,781.25 65,900.00 SH 65,900.00 1 65,900.00
------------------------------------------------------------------------------------------------------------------------------------
LASER VISION CENTERS INC COMMON 51807H100 3,609,656.25 831,000.00 SH 831,000.00 1 831,000.00
------------------------------------------------------------------------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS, INC. COMMON 524908100 3,782,400.00 25,600.00 SH 25,600.00 1 25,600.00
------------------------------------------------------------------------------------------------------------------------------------
LENNAR CORPORATION COMMON 526057104 4,652,031.25 156,700.00 SH 156,700.00 1 156,700.00
------------------------------------------------------------------------------------------------------------------------------------
LIBERTY MEDIA GROUP COMMON 001957208 10,047,600.00 558,200.00 SH 558,200.00 1 558,200.00
------------------------------------------------------------------------------------------------------------------------------------
LIFEPOINT HOSPITALS INC COMMON 53219L10 49,700.00 1,400.00 SH 1,400.00 1 1,400.00
------------------------------------------------------------------------------------------------------------------------------------
LILLY (ELI),AND CO. COMMON 532457108 16,054,637.50 197,900.00 SH 197,900.00 1 197,900.00
------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATIONAL CORP. COMMON 534187109 5,548,812.50 115,300.00 SH 115,300.00 1 115,300.00
------------------------------------------------------------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP. COMMON 535678106 9,725,450.00 150,200.00 SH 150,200.00 1 150,200.00
------------------------------------------------------------------------------------------------------------------------------------
LITTELFUSE, INC. COMMON 537008104 4,001,875.00 134,800.00 SH 134,800.00 1 134,800.00
------------------------------------------------------------------------------------------------------------------------------------
LITTON INDUSTRIES COMMON 538021106 11,120,484.38 248,850.00 SH 248,850.00 1 248,850.00
------------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP. COMMON 539830109 7,943,360.00 241,000.00 SH 241,000.00 1 241,000.00
------------------------------------------------------------------------------------------------------------------------------------
LOEWS CORP. COMMON 540424108 2,601,300.00 31,200.00 SH 31,200.00 1 31,200.00
------------------------------------------------------------------------------------------------------------------------------------
LONE STAR TECHNOLOGIES IN COMMON 542312103 2,538,250.00 55,000.00 SH 55,000.00 1 55,000.00
------------------------------------------------------------------------------------------------------------------------------------
LOUIS DREYFUS NATURAL GAS COM COMMON 546011107 2,577,681.25 65,051.89 SH 65,051.89 1 65,051.89
------------------------------------------------------------------------------------------------------------------------------------
LOWE'S COMPANIES, INC. COMMON 548661107 3,414,987.50 76,100.00 SH 76,100.00 1 76,100.00
------------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES, INC. COMMON 549463107 5,489,025.00 179,600.00 SH 179,600.00 1 179,600.00
------------------------------------------------------------------------------------------------------------------------------------
MASTEC INC COMMON 576323109 7,093,750.00 227,000.00 SH 227,000.00 1 227,000.00
------------------------------------------------------------------------------------------------------------------------------------
MAVERICK TUBE CORP COMMON 577914104 3,452,040.63 128,150.00 SH 128,150.00 1 128,150.00
------------------------------------------------------------------------------------------------------------------------------------
MAXIM INTERGRATED PRODUCTS COMMON 57772K101 8,968,781.25 111,500.00 SH 111,500.00 1 111,500.00
------------------------------------------------------------------------------------------------------------------------------------
MBNA CORP. COMMON 55262L100 3,549,700.00 92,200.00 SH 92,200.00 1 92,200.00
------------------------------------------------------------------------------------------------------------------------------------
MCCORMICK & COMPANY, INC. COMMON 579780206 1,948,625.00 65,500.00 SH 65,500.00 1 65,500.00
------------------------------------------------------------------------------------------------------------------------------------
MCLEOD, INC. COMMON 582266102 785,221.23 54,862.62 SH 54,862.62 1 54,862.62
------------------------------------------------------------------------------------------------------------------------------------
MELLON FINANCIAL CORP COMMON 58551A10 1,674,137.50 36,100.00 SH 36,100.00 1 36,100.00
------------------------------------------------------------------------------------------------------------------------------------
MERCK & CO.,INC. COMMON 589331107 24,102,865.52 323,800.00 SH 323,800.00 1 323,800.00
------------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO., INC. COMMON 590188108 7,316,280.00 110,850.00 SH 110,850.00 1 110,850.00
------------------------------------------------------------------------------------------------------------------------------------
METASOLV SOFTWARE INC COMMON 591393103 1,298,108.25 31,758.00 SH 31,758.00 1 31,758.00
------------------------------------------------------------------------------------------------------------------------------------
METHODE ELECTRONICS COMMON 591520200 1,683,875.00 38,000.00 SH 38,000.00 1 38,000.00
------------------------------------------------------------------------------------------------------------------------------------
METLIFE INC COMMON 59156R108 7,830,062.50 299,000.00 SH 299,000.00 1 299,000.00
------------------------------------------------------------------------------------------------------------------------------------
METRIS COMPA COMMON 591598107 94,800.00 2,400.00 SH 2,400.00 1 2,400.00
------------------------------------------------------------------------------------------------------------------------------------
METTLER-TOLEDO INC COMMON 592688105 720,280.00 16,370.00 SH 16,370.00 1 16,370.00
------------------------------------------------------------------------------------------------------------------------------------
MGIC INVT CORP. WIS COMMON 552848103 1,363,087.50 22,300.00 SH 22,300.00 1 22,300.00
------------------------------------------------------------------------------------------------------------------------------------
MICRON TECH COMMON 595112103 2,180,400.00 47,400.00 SH 47,400.00 1 47,400.00
------------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COMMON 594918104 40,675,556.19 675,100.00 SH 675,100.00 1 675,100.00
------------------------------------------------------------------------------------------------------------------------------------
MIH LTD COMMON 2400039 547,856.25 18,300.00 SH 18,300.00 1 18,300.00
------------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MINING & MFG CO. COMMON 604059105 14,780,475.00 162,200.00 SH 162,200.00 1 162,200.00
------------------------------------------------------------------------------------------------------------------------------------
MKS INSTRUMENTS INC COMMON 55306N10 104,025.00 3,800.00 SH 3,800.00 1 3,800.00
------------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY, DEAN WITTER, D COMMON 617446448 63,539,923.51 694,900.00 SH 694,900.00 1 694,900.00
------------------------------------------------------------------------------------------------------------------------------------
MOTOROLA, INC. COMMON 620076109 6,207,175.00 219,400.00 SH 219,400.00 1 219,400.00
------------------------------------------------------------------------------------------------------------------------------------
MUNIYIELD NEW JERSEY COMMON 626301105 382,050.75 30,412.00 SH 30,412.00 1 30,412.00
------------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COMMON 62671710 2,462,875.00 38,000.00 SH 38,000.00 1 38,000.00
------------------------------------------------------------------------------------------------------------------------------------
MYLAN LABORATORIES, INC. COMMON 628530107 282,843.75 10,500.00 SH 10,500.00 1 10,500.00
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL OILWELL INC COMMON 637071101 41,659,376.00 1,333,100.00 SH 1,333,100.00 1 1,333,100.00
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR CORP. COMMON 637640103 2,724,925.00 67,700.00 SH 67,700.00 1 67,700.00
------------------------------------------------------------------------------------------------------------------------------------
NEIMAN-MARCUS GROUP INC COMMON 640204202 1,699,725.00 52,400.00 SH 52,400.00 1 52,400.00
------------------------------------------------------------------------------------------------------------------------------------
NEOFORMA.COM INC COMMON 640475109 51,693.80 13,900.00 SH 13,900.00 1 13,900.00
------------------------------------------------------------------------------------------------------------------------------------
NETZERO INC COMMON 64122R109 35,642.63 16,773.00 SH 16,773.00 1 16,773.00
------------------------------------------------------------------------------------------------------------------------------------
NEW YORK TIMES CO. CLASS A COMMON 650111107 3,797,587.50 96,600.00 SH 96,600.00 1 96,600.00
------------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS, INC. CL ACOMMON 65332V103 4,773,175.00 102,100.00 SH 102,100.00 1 102,100.00
------------------------------------------------------------------------------------------------------------------------------------
NORTHAMPTON PULP LLC. COMMON 70868TA18 77,068.75 5,605.00 SH 5,605.00 1 5,605.00
------------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COMMON 666807102 9,632,750.00 106,000.00 SH 106,000.00 1 106,000.00
------------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM CORP. COMMON 674599105 3,500,906.25 160,500.00 SH 160,500.00 1 160,500.00
------------------------------------------------------------------------------------------------------------------------------------
OMNICARE INC. COMMON 681904108 4,100,587.50 254,300.00 SH 254,300.00 1 254,300.00
------------------------------------------------------------------------------------------------------------------------------------
OMNICOM GROUP, INC. COMMON 681919106 787,725.00 10,800.00 SH 10,800.00 1 10,800.00
------------------------------------------------------------------------------------------------------------------------------------
ORACLE CORPORATION COMMON 68389X105 15,706,687.50 199,450.00 SH 199,450.00 1 199,450.00
------------------------------------------------------------------------------------------------------------------------------------
ORBOTECH LTD COMMON M75253100 630,826.08 11,535.00 SH 11,535.00 1 11,535.00
------------------------------------------------------------------------------------------------------------------------------------
OTG SOFTWARE INC COMMON 671059103 1,325,576.25 32,430.00 SH 32,430.00 1 32,430.00
------------------------------------------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS COMMON 691471106 3,540,600.00 115,200.00 SH 115,200.00 1 115,200.00
------------------------------------------------------------------------------------------------------------------------------------
PACIFICARE HLTH SYS COMMON 695112102 908,606.25 26,100.00 SH 26,100.00 1 26,100.00
------------------------------------------------------------------------------------------------------------------------------------
PACIFICI SUNWEAR OF CALIFORNIA COMMON 694873100 1,507,500.00 80,400.00 SH 80,400.00 1 80,400.00
------------------------------------------------------------------------------------------------------------------------------------
PALM, INC. COMMON 69664210 1,323,437.50 25,000.00 SH 25,000.00 1 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO COMMON 701081101 3,503,500.00 500,500.00 SH 500,500.00 1 500,500.00
------------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COMMON 701094104 1,761,750.00 52,200.00 SH 52,200.00 1 52,200.00
------------------------------------------------------------------------------------------------------------------------------------
PATINA OIL & GAS CORP COMMON 703224105 1,775,000.00 88,750.00 SH 88,750.00 1 88,750.00
------------------------------------------------------------------------------------------------------------------------------------
PECO ENERGY CO. COMMON 693304107 2,640,525.00 43,600.00 SH 43,600.00 1 43,600.00
------------------------------------------------------------------------------------------------------------------------------------
PEPSICO, INC. COMMON 713448108 52,274,400.00 1,136,400.00 SH 1,136,400.00 1 1,136,400.00
------------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COMMON 717081103 64,706,297.17 1,439,925.00 SH 1,439,925.00 1 1,439,925.00
------------------------------------------------------------------------------------------------------------------------------------
PG&E CORP. COMMON 69331C108 4,034,475.00 166,800.00 SH 166,800.00 1 166,800.00
------------------------------------------------------------------------------------------------------------------------------------
PHARMACIA CORP (NEW) COMMON 71713U102 3,659,941.69 60,809.00 SH 60,809.00 1 60,809.00
------------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS., INC. COMMON 718154107 19,687,806.04 668,800.00 SH 668,800.00 1 668,800.00
------------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETROLEUM CO COMMON 718507106 1,719,350.00 27,400.00 SH 27,400.00 1 27,400.00
------------------------------------------------------------------------------------------------------------------------------------
POGO PRODUCING CO COMMON 730448107 2,664,375.00 105,000.00 SH 105,000.00 1 105,000.00
------------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COMMON 732827100 648,951.42 45,340.00 SH 45,340.00 1 45,340.00
------------------------------------------------------------------------------------------------------------------------------------
POWERWAVE TECHNOLOGIES COM COMMON 739363109 804,942.84 21,200.00 SH 21,200.00 1 21,200.00
------------------------------------------------------------------------------------------------------------------------------------
PROLOGIS TRUST__COM COMMON 743410102 299,250.00 12,600.00 SH 12,600.00 1 12,600.00
------------------------------------------------------------------------------------------------------------------------------------
PROTON ENERGY SYSTEM COMMON 74371K101 14,312.50 500.00 SH 500.00 1 500.00
------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINANCIAL CORP. COMMON 74406A102 1,422,400.00 11,200.00 SH 11,200.00 1 11,200.00
------------------------------------------------------------------------------------------------------------------------------------
PUB SERVICE ENTERPR GROUP COMMON 744573106 916,093.75 20,500.00 SH 20,500.00 1 20,500.00
------------------------------------------------------------------------------------------------------------------------------------
PUBLIC SERVICE COMPANY OF COMMON 74449910 517,890.62 20,000.00 SH 20,000.00 1 20,000.00
------------------------------------------------------------------------------------------------------------------------------------
PXRE GROUP LTD COMMON G73018106 17,824,275.00 1,131,700.00 SH 1,131,700.00 1 1,131,700.00
------------------------------------------------------------------------------------------------------------------------------------
QUAKER OATS COMPANY COMMON 747402105 6,250,875.00 79,000.00 SH 79,000.00 1 79,000.00
------------------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC. COMMON 747525103 3,819,000.00 53,600.00 SH 53,600.00 1 53,600.00
------------------------------------------------------------------------------------------------------------------------------------
QUANTUM CRP-DLT & STORAGE COMMON 747906204 6,567,256.75 436,000.00 SH 436,000.00 1 436,000.00
------------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS INTERNATI COMMON 749121109 451,787.50 9,400.00 SH 9,400.00 1 9,400.00
------------------------------------------------------------------------------------------------------------------------------------
RADIAN GROUP INC. COMMON 750236101 7,755,750.00 114,900.00 SH 114,900.00 1 114,900.00
------------------------------------------------------------------------------------------------------------------------------------
RATIONAL SOFTWRE CORP COMMON 75409P202 3,746,250.00 54,000.00 SH 54,000.00 1 54,000.00
------------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST ASSOCIATION, INC.COMMON 755267101 730,968.75 20,700.00 SH 20,700.00 1 20,700.00
------------------------------------------------------------------------------------------------------------------------------------
RECKSON ASSOCIATES RLTY COM COMMON 75621K106 361,692.00 14,184.00 SH 14,184.00 1 14,184.00
------------------------------------------------------------------------------------------------------------------------------------
RELIANT ENERGY, INC. COMMON 75952J108 16,554,000.00 356,000.00 SH 356,000.00 1 356,000.00
------------------------------------------------------------------------------------------------------------------------------------
S & P MID-CAP 400 DEPOSITARY R COMMON 595635103 3,242,250.00 33,000.00 SH 33,000.00 1 33,000.00
------------------------------------------------------------------------------------------------------------------------------------
SAFEWAY, INC. COMMON 786514208 12,498,243.75 267,700.00 SH 267,700.00 1 267,700.00
------------------------------------------------------------------------------------------------------------------------------------
SANTA FE INTERNATIONAL COMMON G7805C108 3,972,259.38 88,150.00 SH 88,150.00 1 88,150.00
------------------------------------------------------------------------------------------------------------------------------------
SAWTEK, INC. COMMON 805468105 1,381,175.82 35,860.00 SH 35,860.00 1 35,860.00
------------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS, INC. COMMON 78387G103 37,723,637.50 754,500.00 SH 754,500.00 1 754,500.00
------------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP COMMON 806605101 22,529,571.30 484,500.00 SH 484,500.00 1 484,500.00
------------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD. COMMON 806857108 9,004,987.50 109,400.00 SH 109,400.00 1 109,400.00
------------------------------------------------------------------------------------------------------------------------------------
SCIENTIFIC-ATLANTA, INC. COMMON 808655104 3,550,275.00 55,800.00 SH 55,800.00 1 55,800.00
------------------------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY COMMON 811804103 2,004,795.00 29,055.00 SH 29,055.00 1 29,055.00
------------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO COMMON 812387108 2,016,524.00 62,200.00 SH 62,200.00 1 62,200.00
------------------------------------------------------------------------------------------------------------------------------------
SELECTIVE INSURANCE GROUP, INC COMMON 816300107 357,500.00 20,000.00 SH 20,000.00 1 20,000.00
------------------------------------------------------------------------------------------------------------------------------------
SEMPRA ENERGY COMMON 816851109 4,884,884.50 234,700.00 SH 234,700.00 1 234,700.00
------------------------------------------------------------------------------------------------------------------------------------
SHAW GROUP INC COMMON 820280105 14,664,000.00 208,000.00 SH 208,000.00 1 208,000.00
------------------------------------------------------------------------------------------------------------------------------------
SILICON VALLEY BK COMMON 827064106 4,553,928.13 78,200.00 SH 78,200.00 1 78,200.00
------------------------------------------------------------------------------------------------------------------------------------
SMITH CHARLES E RES REALTY COM COMMON 832197107 277,695.00 6,120.00 SH 6,120.00 1 6,120.00
------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN CO. COMMON 842587107 5,190,000.00 160,000.00 SH 160,000.00 1 160,000.00
------------------------------------------------------------------------------------------------------------------------------------
SPECTRASITE HOLDINGS, INC. COMMON 84760T100 3,131,493.75 168,700.00 SH 168,700.00 1 168,700.00
------------------------------------------------------------------------------------------------------------------------------------
SPIEKER PPTYS INC COM COMMON 848497103 427,923.34 7,434.00 SH 7,434.00 1 7,434.00
------------------------------------------------------------------------------------------------------------------------------------
SPRINT CORP. COMMON 852061100 2,904,868.75 99,100.00 SH 99,100.00 1 99,100.00
------------------------------------------------------------------------------------------------------------------------------------
SPRINT PCS W/I COMMON 852061506 3,145,106.25 89,700.00 SH 89,700.00 1 89,700.00
------------------------------------------------------------------------------------------------------------------------------------
STANDARD & POORS DEPOSITORY RE COMMON 78462F103 68,236,237.50 475,100.00 SH 475,100.00 1 475,100.00
------------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS N.V. COMMON 86101210 1,276,350.00 26,800.00 SH 26,800.00 1 26,800.00
------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS COMMON 865077101 4,668,318.75 92,100.00 SH 92,100.00 1 92,100.00
------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS, INC. COMMON 866810104 14,019,340.00 120,080.00 SH 120,080.00 1 120,080.00
------------------------------------------------------------------------------------------------------------------------------------
SWIFT ENERGY CO COMMON 870738101 2,689,093.75 64,700.00 SH 64,700.00 1 64,700.00
------------------------------------------------------------------------------------------------------------------------------------
SYMANTEC CORP COMMON 871503108 888,800.00 20,200.00 SH 20,200.00 1 20,200.00
------------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP COMMON 871829107 3,746,681.25 80,900.00 SH 80,900.00 1 80,900.00
------------------------------------------------------------------------------------------------------------------------------------
TALBOTS, INC. (THE) COMMON 874161102 1,897,400.00 28,640.00 SH 28,640.00 1 28,640.00
------------------------------------------------------------------------------------------------------------------------------------
TARGET CORP. COMMON 87612E106 1,303,800.00 50,880.00 SH 50,880.00 1 50,880.00
------------------------------------------------------------------------------------------------------------------------------------
TECH DATA CORPORATION COMMON 878237106 31,600,800.00 739,200.00 SH 739,200.00 1 739,200.00
------------------------------------------------------------------------------------------------------------------------------------
TEEKAY SHIPPING CORP. COMMON Y8564W103 1,553,631.25 33,100.00 SH 33,100.00 1 33,100.00
------------------------------------------------------------------------------------------------------------------------------------
TELAXIS COMMUNICATIONS CORP COMMON 879202109 273,894.81 44,945.00 SH 44,945.00 1 44,945.00
------------------------------------------------------------------------------------------------------------------------------------
TELLABS, INC. COMMON 879664100 11,111,425.00 232,700.00 SH 232,700.00 1 232,700.00
------------------------------------------------------------------------------------------------------------------------------------
TENET HEALTHCARE CORP. COMMON 88033G100 10,628,775.00 292,200.00 SH 292,200.00 1 292,200.00
------------------------------------------------------------------------------------------------------------------------------------
TERADYNE, INC COMMON 880770102 1,876,000.00 53,600.00 SH 53,600.00 1 53,600.00
------------------------------------------------------------------------------------------------------------------------------------
TERAYON COMM COMMON 880775101 763,593.75 22,500.00 SH 22,500.00 1 22,500.00
------------------------------------------------------------------------------------------------------------------------------------
TEREX CORPORATION. COMMON 880779103 4,741,687.50 363,000.00 SH 363,000.00 1 363,000.00
------------------------------------------------------------------------------------------------------------------------------------
TEXACO, INC. COMMON 881694103 6,956,250.00 132,500.00 SH 132,500.00 1 132,500.00
------------------------------------------------------------------------------------------------------------------------------------
TEXAS INDUSTRIES INC COMMON 882491103 2,932,500.00 92,000.00 SH 92,000.00 1 92,000.00
------------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS INC COMMON 882508104 6,262,625.00 132,700.00 SH 132,700.00 1 132,700.00
------------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC COMMON 883203101 931,725.00 20,200.00 SH 20,200.00 1 20,200.00
------------------------------------------------------------------------------------------------------------------------------------
THE HEALTHCARE COMPANY COMMON 404119109 11,475,337.50 309,100.00 SH 309,100.00 1 309,100.00
------------------------------------------------------------------------------------------------------------------------------------
THE HOCKEY CO COMMON 784414203 1,074,585.00 358,195.00 SH 358,195.00 1 358,195.00
------------------------------------------------------------------------------------------------------------------------------------
THE MEN'S WEARHOUSE COMMON 587118100 1,752,543.75 61,900.00 SH 61,900.00 1 61,900.00
------------------------------------------------------------------------------------------------------------------------------------
THE PMI GROUP, INC. COMMON 69344M101 2,301,467.50 33,970.00 SH 33,970.00 1 33,970.00
------------------------------------------------------------------------------------------------------------------------------------
THE TITAN CORPORATION COMMON 888266103 3,201,000.00 194,000.00 SH 194,000.00 1 194,000.00
------------------------------------------------------------------------------------------------------------------------------------
TIDEWATER INC. COMMON 886423102 10,797,150.00 237,300.00 SH 237,300.00 1 237,300.00
------------------------------------------------------------------------------------------------------------------------------------
TIFFANY & CO. COMMON 886547108 1,079,750.00 28,000.00 SH 28,000.00 1 28,000.00
------------------------------------------------------------------------------------------------------------------------------------
TIME WARNER, INC. COMMON 887315109 6,072,424.00 77,600.00 SH 77,600.00 1 77,600.00
------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC COMMON 891707101 881,250.00 94,000.00 SH 94,000.00 1 94,000.00
------------------------------------------------------------------------------------------------------------------------------------
TRANSOCEAN SEDCO FOREX COMMON G90078109 16,546,613.14 282,245.00 SH 282,245.00 1 282,245.00
------------------------------------------------------------------------------------------------------------------------------------
TRIAD HOSPITALS INC. COMMON 89579K109 7,822,562.50 266,300.00 SH 266,300.00 1 266,300.00
------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE CO NEW COMMON 896047107 2,552,062.50 58,500.00 SH 58,500.00 1 58,500.00
------------------------------------------------------------------------------------------------------------------------------------
TRICO MARINE SERVICES COMMON 896106101 12,700,000.00 800,000.00 SH 800,000.00 1 800,000.00
------------------------------------------------------------------------------------------------------------------------------------
TRIGON HEALTHCARE COMMON 89618L100 8,000,012.50 152,200.00 SH 152,200.00 1 152,200.00
------------------------------------------------------------------------------------------------------------------------------------
TRIMBLE NAVIGATION COMMON 896239100 2,257,637.50 100,900.00 SH 100,900.00 1 100,900.00
------------------------------------------------------------------------------------------------------------------------------------
TUPPERWARE CORP. COMMON 899896104 2,620,800.00 145,600.00 SH 145,600.00 1 145,600.00
------------------------------------------------------------------------------------------------------------------------------------
TURNSTONE SYSTEMS INC COMMON 900423104 1,116,802.75 24,082.00 SH 24,082.00 1 24,082.00
------------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD. COMMON 902124106 79,820,062.50 1,538,700.00 SH 1,538,700.00 1 1,538,700.00
------------------------------------------------------------------------------------------------------------------------------------
TYCOM,LTD COMMON G9144B10 1,669,312.50 43,500.00 SH 43,500.00 1 43,500.00
------------------------------------------------------------------------------------------------------------------------------------
U.S. INDUSTRIES INC. COMMON 912080108 2,752,692.50 277,000.00 SH 277,000.00 1 277,000.00
------------------------------------------------------------------------------------------------------------------------------------
ULTICOM INC COMMON 903844108 913,282.50 19,380.00 SH 19,380.00 1 19,380.00
------------------------------------------------------------------------------------------------------------------------------------
ULTRAMAR COMMON 904000106 3,412,937.50 134,500.00 SH 134,500.00 1 134,500.00
------------------------------------------------------------------------------------------------------------------------------------
UNICOM CORP. COMMON 904911104 3,843,225.00 68,400.00 SH 68,400.00 1 68,400.00
------------------------------------------------------------------------------------------------------------------------------------
UNION PACIFIC CORP COMMON 907818108 1,757,150.00 45,200.00 SH 45,200.00 1 45,200.00
------------------------------------------------------------------------------------------------------------------------------------
UNITED HEALTHCARE COMMON 91324P102 6,764,375.00 68,500.00 SH 68,500.00 1 68,500.00
------------------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES COMMON 913017109 16,751,575.00 241,900.00 SH 241,900.00 1 241,900.00
------------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP COMMON 915289102 20,252,534.60 571,500.00 SH 571,500.00 1 571,500.00
------------------------------------------------------------------------------------------------------------------------------------
USA EDUCATION, INC. COMMON 90390U102 5,830,687.50 121,000.00 SH 121,000.00 1 121,000.00
------------------------------------------------------------------------------------------------------------------------------------
UST INC COMMON 902911106 2,305,800.00 100,800.00 SH 100,800.00 1 100,800.00
------------------------------------------------------------------------------------------------------------------------------------
UTI ENERGY COMMON 903387108 915,705.00 20,520.00 SH 20,520.00 1 20,520.00
------------------------------------------------------------------------------------------------------------------------------------
UTILICORP UNITED, INC. DEL. COMMON 918005109 4,685,962.50 181,100.00 SH 181,100.00 1 181,100.00
------------------------------------------------------------------------------------------------------------------------------------
UTILITIES SELECT SECTOR INDEX COMMON 81369Y886 1,017,843.75 31,500.00 SH 31,500.00 1 31,500.00
------------------------------------------------------------------------------------------------------------------------------------
VALASSIS COMMUNICATIONS, INC. COMMON 918866104 6,167,700.00 277,200.00 SH 277,200.00 1 277,200.00
------------------------------------------------------------------------------------------------------------------------------------
VALUEVISION INTL INC-CL A COMMON 92047K107 2,176,076.25 86,610.00 SH 86,610.00 1 86,610.00
------------------------------------------------------------------------------------------------------------------------------------
VERITY, INC. COMMON 92343C106 1,570,250.00 44,000.00 SH 44,000.00 1 44,000.00
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS COMMON 92343V104 27,422,120.35 566,134.00 SH 566,134.00 1 566,134.00
------------------------------------------------------------------------------------------------------------------------------------
VIACOM, INC. CLASS B COMMON 925524308 26,983,768.50 461,261.00 SH 461,261.00 1 461,261.00
------------------------------------------------------------------------------------------------------------------------------------
VIAD CORP. COMMON 92552R109 10,771,093.75 405,500.00 SH 405,500.00 1 405,500.00
------------------------------------------------------------------------------------------------------------------------------------
VIATEL INC COMMON 925529208 294,585.00 28,740.00 SH 28,740.00 1 28,740.00
------------------------------------------------------------------------------------------------------------------------------------
VICOR CORP COMMON 925815102 1,068,725.00 19,700.00 SH 19,700.00 1 19,700.00
------------------------------------------------------------------------------------------------------------------------------------
VIGNETTE CORP COMMON 926734104 3,286,250.00 110,000.00 SH 110,000.00 1 110,000.00
------------------------------------------------------------------------------------------------------------------------------------
VINTAGE PETROLEUM INC COMMON 927460105 5,391,750.00 237,000.00 SH 237,000.00 1 237,000.00
------------------------------------------------------------------------------------------------------------------------------------
VIRAGE LOGIC CORP COMMON 92763R104 744,477.00 45,290.00 SH 45,290.00 1 45,290.00
------------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY INCORPORACOMMON 928298108 1,994,137.50 64,850.00 SH 64,850.00 1 64,850.00
------------------------------------------------------------------------------------------------------------------------------------
VORNADO RLTY TR COM COMMON 929042109 413,201.25 11,130.00 SH 11,130.00 1 11,130.00
------------------------------------------------------------------------------------------------------------------------------------
WACKENHUT CORP. CL A COMMON 929794105 534,012.50 35,900.00 SH 35,900.00 1 35,900.00
------------------------------------------------------------------------------------------------------------------------------------
WAL-MART STORES, INC. COMMON 931142103 44,674,437.50 928,300.00 SH 928,300.00 1 928,300.00
------------------------------------------------------------------------------------------------------------------------------------
WALT DISNEY CO. COMMON 254687106 887,400.00 23,200.00 SH 23,200.00 1 23,200.00
------------------------------------------------------------------------------------------------------------------------------------
WATERS CORPORATION COMMON 941848103 15,575,000.00 175,000.00 SH 175,000.00 1 175,000.00
------------------------------------------------------------------------------------------------------------------------------------
WATSON PHARMACEUTICALS, INC. COMMON 942683103 6,974,062.50 107,500.00 SH 107,500.00 1 107,500.00
------------------------------------------------------------------------------------------------------------------------------------
WELLPOINT HEALTH NETWORKS COMMON 94973H108 3,312,000.00 34,500.00 SH 34,500.00 1 34,500.00
------------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO CO. COMMON 949746101 44,531,812.50 969,400.00 SH 969,400.00 1 969,400.00
------------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL CORP. COMMON 95810210 664,462.50 113,100.00 SH 113,100.00 1 113,100.00
------------------------------------------------------------------------------------------------------------------------------------
WESTVACO CORP COMMON 961548104 1,446,462.50 54,200.00 SH 54,200.00 1 54,200.00
------------------------------------------------------------------------------------------------------------------------------------
WEYERHAUSER CO COMMON 962166104 706,562.50 17,500.00 SH 17,500.00 1 17,500.00
------------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC COMMON 98157D106 23,409,971.35 770,698.64 SH 770,698.64 1 770,698.64
------------------------------------------------------------------------------------------------------------------------------------
YAHOO! INC. COMMON 984332106 4,092,452.00 44,972.00 SH 44,972.00 1 44,972.00
------------------------------------------------------------------------------------------------------------------------------------
ZALE CORP. COMMON 988858106 1,287,768.75 39,700.00 SH 39,700.00 1 39,700.00
------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP 4.75%, 12/15/06 CV. BOND 045919AF4 3,951,543.75 5,865,000.00 PRN 5,865,000.00 1 5,865,000.00
------------------------------------------------------------------------------------------------------------------------------------
ACE LTD. F.COM. ADR G0070K103 3,807,250.00 97,000.00 SH 97,000.00 1 97,000.00
------------------------------------------------------------------------------------------------------------------------------------
ALCATEL ALSTHOM F.COM. ADR 013904305 3,898,250.00 62,000.00 SH 62,000.00 1 62,000.00
------------------------------------------------------------------------------------------------------------------------------------
ANNUITY AND LIFE REINSURANCE F.COM. ADR G03910109 5,404,000.00 224,000.00 SH 224,000.00 1 224,000.00
------------------------------------------------------------------------------------------------------------------------------------
ARACRUZ CELULOSE ADR F.COM. ADR 038496204 289,843.75 17,500.00 SH 17,500.00 1 17,500.00
------------------------------------------------------------------------------------------------------------------------------------
AT&T CANADA INC CL B DEPOSITOR F.COM. ADR 00207Q202 418,338.00 13,716.00 SH 13,716.00 1 13,716.00
------------------------------------------------------------------------------------------------------------------------------------
BANCO SANTANDER ADR F.COM. ADR 05964H105 149,843.75 13,700.00 SH 13,700.00 1 13,700.00
------------------------------------------------------------------------------------------------------------------------------------
BRASIL TELECOM F.COM. ADR 105530109 407,750.00 7,000.00 SH 7,000.00 1 7,000.00
------------------------------------------------------------------------------------------------------------------------------------
CIA TELECOM CHILE - SPNSD ADR F.COM. ADR 204449300 156,375.00 9,000.00 SH 9,000.00 1 9,000.00
------------------------------------------------------------------------------------------------------------------------------------
COCA-COLA FEMSA S.A. SPONSORED F.COM. ADR 191241108 300,000.00 15,000.00 SH 15,000.00 1 15,000.00
------------------------------------------------------------------------------------------------------------------------------------
ELAN PLC SPONSORED ADR (IRELAN F.COM. ADR 284131208 11,158,050.00 203,800.00 SH 203,800.00 1 203,800.00
------------------------------------------------------------------------------------------------------------------------------------
EMBRAER AIRCRAFT CORP-ADR F.COM. ADR 29081M102 310,000.00 10,000.00 SH 10,000.00 1 10,000.00
------------------------------------------------------------------------------------------------------------------------------------
FOMENTO ECON ADR F.COM. ADR 344419106 421,200.00 10,800.00 SH 10,800.00 1 10,800.00
------------------------------------------------------------------------------------------------------------------------------------
GRUPO IUSACELL F.COM. ADR 40050B100 142,500.00 12,000.00 SH 12,000.00 1 12,000.00
------------------------------------------------------------------------------------------------------------------------------------
GRUPO RADIO ADR F.COM. ADR 40049C102 106,250.00 10,000.00 SH 10,000.00 1 10,000.00
------------------------------------------------------------------------------------------------------------------------------------
GUCCI GROUP F.COM. ADR 401566104 181,575.00 1,800.00 SH 1,800.00 1 1,800.00
------------------------------------------------------------------------------------------------------------------------------------
ICICI LTD. F.COM. ADR 44926P202 275,000.00 25,000.00 SH 25,000.00 1 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
LONDON PACIFIC GROUP LTD ADR F.COM. ADR 542073101 5,459,662.50 274,700.00 SH 274,700.00 1 274,700.00
------------------------------------------------------------------------------------------------------------------------------------
NOKIA CORPORATION ADR F.COM. ADR 654902204 1,528,800.00 38,400.00 SH 38,400.00 1 38,400.00
------------------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS CORP. F.COM. ADR 656568102 15,540,297.00 260,951.00 SH 260,951.00 1 260,951.00
------------------------------------------------------------------------------------------------------------------------------------
PETROLEUM GEO-SERVICES ASA ADR F.COM. ADR 716597109 8,054,025.00 466,900.00 SH 466,900.00 1 466,900.00
------------------------------------------------------------------------------------------------------------------------------------
PRECISION DRILLING CORP F.COM. ADR 74022D100 4,741,687.50 133,100.00 SH 133,100.00 1 133,100.00
------------------------------------------------------------------------------------------------------------------------------------
PT INDOSAT ADR F.COM. ADR 715680104 120,000.00 15,000.00 SH 15,000.00 1 15,000.00
------------------------------------------------------------------------------------------------------------------------------------
RENAISSANCERE HOLDINGS, LTD F.COM. ADR G7496G103 5,300,418.75 82,900.00 SH 82,900.00 1 82,900.00
------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETROLEUM CO ADR N F.COM. ADR 780257804 14,672,702.75 244,800.00 SH 244,800.00 1 244,800.00
------------------------------------------------------------------------------------------------------------------------------------
SONY CORPORATION F.COM. ADR 835699307 10,790,218.75 106,900.00 SH 106,900.00 1 106,900.00
------------------------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ESPANA ADR F.COM. ADR 879382208 54,563.63 918.00 SH 918.00 1 918.00
------------------------------------------------------------------------------------------------------------------------------------
TELEFONOS DE MEXICO SA ADR F.COM. ADR 879403780 4,840,062.50 91,000.00 SH 91,000.00 1 91,000.00
------------------------------------------------------------------------------------------------------------------------------------
TELENORTE LESTE PART ADR F.COM. ADR 879246106 503,250.00 22,000.00 SH 22,000.00 1 22,000.00
------------------------------------------------------------------------------------------------------------------------------------
TV AZTECA F.COM. ADR 901145102 154,500.00 12,000.00 SH 12,000.00 1 12,000.00
------------------------------------------------------------------------------------------------------------------------------------
UNIBANCO - SPONSORED F.COM. ADR 90458E107 825,000.00 25,000.00 SH 25,000.00 1 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
UNILEVER N.V. F.COM. ADR 904784709 9,876,775.00 204,700.00 SH 204,700.00 1 204,700.00
------------------------------------------------------------------------------------------------------------------------------------
VIMPEL COMM ADR F.COM. ADR 68370R109 289,687.50 15,000.00 SH 15,000.00 1 15,000.00
------------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD HEALTH ENTERPRISES COMMON 786444109 52,250.00 95,000.00 SH 95,000.00 3 95,000.00
------------------------------------------------------------------------------------------------------------------------------------
3,342,673,439.57
</TABLE>
