UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Austin, Calvert & Flavin, Inc.
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Address: 112 East Pecan
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Suite 2800
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San Antonio, Texas 78205
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Form 13F File Number: 28-3226
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jonathan C. Calvert
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Title: President
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Phone: 210-353-0500
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Signature, Place, and Date of Signing:
/s/ Jonathan C. Calvert San Antonio, Texas 5/18/99
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<PAGE>
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
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Form 13F Information Table Entry Total: 163
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Form 13F Information Table Value Total: $1,162
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(thousands)
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.
No. Form 13F File Number Name
1 Edward H. Austin, Jr.
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2 Harry M. Flavin
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<PAGE
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- -------------- --------- -------- ----------------- ---------- -------- -------------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------
ABBOTT LABORATORIES COM 002824100 30486 651240 SH SOLE 651240
- -----------------------------------------------------------------------------------------------------------------------------------
AIRTOUCH COMMUNICATIONS INC COM 00949T100 290 3000 SH SOLE 3000
- -----------------------------------------------------------------------------------------------------------------------------------
ALCATEL SPONSORED ADR 1/5 SH COM 013904305 15214 666925 SH SOLE 666925
- -----------------------------------------------------------------------------------------------------------------------------------
ALLMERICA FINANCIAL CORP COM 019754100 19995 363140 SH SOLE 363140
- -----------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP COM 020039103 489 7846 SH SOLE 7846
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC COM 02364J104 441 3000 SH SOLE 3000
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC POWER COM 025537101 575 14500 SH SOLE 14500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM 025816109 21695 184250 SH SOLE 184250
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN GENERAL CORP COM 026351106 1699 24100 SH SOLE 24100
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS CORP COM 026609107 16195 248201 SH SOLE 248201
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC COM 026874107 1558 12916 SH SOLE 12916
- -----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW COM 030954101 751 13040 SH SOLE 13040
- -----------------------------------------------------------------------------------------------------------------------------------
AMGEN INC COM 031162100 46557 621800 SH SOLE 621800
- -----------------------------------------------------------------------------------------------------------------------------------
AMP INC COM 031897101 1027 19190 SH SOLE 19190
- -----------------------------------------------------------------------------------------------------------------------------------
ARCHSTONE COMMUNITIES TRUST COM 039581103 8592 426938 SH SOLE 426938
- -----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD COMPANY COM 048825103 556 7600 SH SOLE 7600
- -----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 627 11784 SH SOLE 11784
- -----------------------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING COM 053015103 307 7420 SH SOLE 7420
- -----------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP NEW COM 06605F102 296 4185 SH SOLE 4185
- -----------------------------------------------------------------------------------------------------------------------------------
BCE INC COM 05534B109 355 8000 SH SOLE 8000
- -----------------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON & CO COM 075887109 484 12625 SH SOLE 12625
- -----------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC CORP COM 077853109 1496 28948 SH SOLE 28948
- -----------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP COM 079860102 1146 28600 SH SOLE 28600
- -----------------------------------------------------------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC DEL CL COM 084670207 517 220 SH SOLE 220
- -----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM 08658U101 724 15400 SH SOLE 15400
- -----------------------------------------------------------------------------------------------------------------------------------
BP AMOCO ADS COM 055622104 1459 14442 SH SOLE 14442
- -----------------------------------------------------------------------------------------------------------------------------------
BRE PPTYS INC CL A COM 05564E106 475 21000 SH SOLE 21000
- -----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO COM 110122108 3203 49954 SH SOLE 49954
- -----------------------------------------------------------------------------------------------------------------------------------
BROADWAY BANCSHARES INC - TE COM 111434106 402 6000 SH SOLE 6000
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NORTHERN/SANTA FE COM 12189T104 11879 361350 SH SOLE 361350
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RESOURCES INC COM 122014103 2030 50829 SH SOLE 50829
- -----------------------------------------------------------------------------------------------------------------------------------
CAMPBELL SOUP CO COM 134429109 3832 94175 SH SOLE 94175
- -----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CLASS A COM 143658102 42277 870567 SH SOLE 870567
- -----------------------------------------------------------------------------------------------------------------------------------
CARRAMERICA RLTY CORP COM COM 144418100 702 31800 SH SOLE 31800
- -----------------------------------------------------------------------------------------------------------------------------------
CBS CORP COM 12490K107 31680 776225 SH SOLE 776225
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY TEL ENTERPRISES INC CO COM 156686107 522 11138 SH SOLE 11138
- -----------------------------------------------------------------------------------------------------------------------------------
CHEVRON CORP COM 166751107 2547 28703 SH SOLE 28703
- -----------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM 171232101 699 11928 SH SOLE 11928
- -----------------------------------------------------------------------------------------------------------------------------------
CISCO SYSTEMS INC COM 17275R102 15404 140597 SH SOLE 140597
- -----------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC COM 172967101 446 6989 SH SOLE 6989
- -----------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMMUNICATIONS COM 184502102 46219 689189 SH SOLE 689189
- -----------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM 191216100 5303 86407 SH SOLE 86407
- -----------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE CO COM 194162103 225 2450 SH SOLE 2450
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COMPAQ COMPUTER CORP COM 204493100 444 14000 SH SOLE 14000
- -----------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS COM 229899109 2542 53028 SH SOLE 53028
- -----------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM 247025109 368 9000 SH SOLE 9000
- -----------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO COM 254687106 1533 49256 SH SOLE 49256
- -----------------------------------------------------------------------------------------------------------------------------------
DU PONT E I DE NEMOURS CO COM 263534109 4482 77195 SH SOLE 77195
- -----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM 268648102 256 2000 SH SOLE 2000
- -----------------------------------------------------------------------------------------------------------------------------------
EATON VANCE SPL INVT TR TRADIT MUTUAL FUNDS 277905832 274 25958 SH SOLE 25958
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM 291011104 202 3810 SH SOLE 3810
- -----------------------------------------------------------------------------------------------------------------------------------
EQUIFAX INC COM 294429105 14935 434485 SH SOLE 434485
- -----------------------------------------------------------------------------------------------------------------------------------
ERICSSON (LM) TEL-SP ADR COM 294821400 4012 168500 SH SOLE 168500
- -----------------------------------------------------------------------------------------------------------------------------------
EXXON CORP COM 302290101 7136 101126 SH SOLE 101126
- -----------------------------------------------------------------------------------------------------------------------------------
FANNIE MAE COM 313586109 39266 567017 SH SOLE 567017
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP COM 319963104 16753 391875 SH SOLE 391875
- -----------------------------------------------------------------------------------------------------------------------------------
FREDDIE MAC COM 313400301 269 4700 SH SOLE 4700
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO COM 369604103 31673 286312 SH SOLE 286312
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL MILLS INC COM 370334104 468 6200 SH SOLE 6200
- -----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM 375766102 8505 143088 SH SOLE 143088
- -----------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE INC COM 379352404 1577 134175 SH SOLE 134175
- -----------------------------------------------------------------------------------------------------------------------------------
GRUPO TELEVISA SA DE CV SPONSO COM 40049J206 11035 351725 SH SOLE 351725
- -----------------------------------------------------------------------------------------------------------------------------------
GTE CORP COM 362320103 1385 22900 SH SOLE 22900
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HEALTHSOUTH CORP COM 421924101 11615 1119525 SH SOLE 1119525
- -----------------------------------------------------------------------------------------------------------------------------------
HEFTEL BROADCASTING CORP CLASS COM 422799106 4320 99600 SH SOLE 99600
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HOME DEPOT INC COM 437076102 20681 332226 SH SOLE 332226
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HONEYWELL INC COM 438506107 14666 193450 SH SOLE 193450
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ILEX ONCOLOGY INC COM 451923106 1813 177925 SH SOLE 177925
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INFINITY BROADCASTING CORP COM 45662S102 1931 75000 SH SOLE 75000
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INTEL CORP COM 458140100 1629 27400 SH SOLE 27400
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INTERPUBLIC GROUP COS INC COM 460690100 273 3500 SH SOLE 3500
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JOHNSON & JOHNSON COM 478160104 31982 342055 SH SOLE 342055
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K N ENERGY INC COM COM 482620101 4098 205565 SH SOLE 205565
- -----------------------------------------------------------------------------------------------------------------------------------
LILLY, ELI AND COMPANY COM 532457108 287 3385 SH SOLE 3385
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LOEWS CORP COM 540424108 1149 15400 SH SOLE 15400
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LUBY'S CAFETERIAS INC COM 549282101 2953 175000 SH SOLE 175000
- -----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC COM 549463107 32795 607308 SH SOLE 607308
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MANUFACTURED HOME CMNTYS INC COM 564682102 480 20000 SH SOLE 20000
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MATTEL INC COM 577081102 1549 62100 SH SOLE 62100
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MCDONALDS CORP COM 580135101 344 7600 SH SOLE 7600
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MCI WORLDCOM COM 55268B106 15451 174464 SH SOLE 174464
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MEDIAONE GROUP INC COM COM 58440J104 266 4200 SH SOLE 4200
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MEDTRONIC INC COM 585055106 4723 65714 SH SOLE 65714
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MELLON BANK CORP COM 585509102 211 3000 SH SOLE 3000
- -----------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM 589331107 1476 18420 SH SOLE 18420
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MICROSOFT CORP COM 594918104 1752 19550 SH SOLE 19550
- -----------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP COM 607059102 9530 108292 SH SOLE 108292
- -----------------------------------------------------------------------------------------------------------------------------------
MOLEX INC COM 608554101 10560 359494 SH SOLE 359494
- -----------------------------------------------------------------------------------------------------------------------------------
MONSANTO CO ADJ CNV RT EQ COM 611662305 337 7240 SH SOLE 7240
- -----------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM 620076109 4170 56925 SH SOLE 56925
- ------------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COM 626717102 635 15300 SH SOLE 15300
- -----------------------------------------------------------------------------------------------------------------------------------
NEWELL RUBBERMAID INC COM 651229106 20643 434590 SH SOLE 434590
- -----------------------------------------------------------------------------------------------------------------------------------
NIKE INC CLASS B COM 654106103 569 9860 SH SOLE 9860
- -----------------------------------------------------------------------------------------------------------------------------------
NOKIA CORP SPONSORED ADR COM 654902204 55618 714190 SH SOLE 714190
- -----------------------------------------------------------------------------------------------------------------------------------
NORAM ENERGY CORP 6.000% 03/15 CONVERTIBLE BOND 655419AC3 19 20000 PRN SOLE 20000
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM COM 666807102 5137 85800 SH SOLE 85800
- -----------------------------------------------------------------------------------------------------------------------------------
PACIFICORP OREGON COM 695114108 3400 197096 SH SOLE 197096
- -----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM 713448108 3128 79815 SH SOLE 79815
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PFIZER INC COM 717081103 3153 22725 SH SOLE 22725
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA UPJOHN INC COM 716941109 20233 324375 SH SOLE 324375
- -----------------------------------------------------------------------------------------------------------------------------------
PHLIP MORRIS COS INC COM 718154107 313 8900 SH SOLE 8900
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PHILLIPS PETROLEUM COMPANY COM 718507106 354 7500 SH SOLE 7500
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER FLOUR MILLS COM 271 2706 SH SOLE 2706
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PLACER DOME INC COM 725906101 1248 111548 SH SOLE 111548
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE COMPANY COM 742718109 992 10134 SH SOLE 10134
- -----------------------------------------------------------------------------------------------------------------------------------
PROLOGIS TR SH BEN INT COM 743410102 17092 833770 SH SOLE 833770
- -----------------------------------------------------------------------------------------------------------------------------------
RAILTEX INC COM COM 750766107 184 16216 SH SOLE 16216
- -----------------------------------------------------------------------------------------------------------------------------------
RATHEON CO CLASS A COM 755111309 30819 533665 SH SOLE 533665
- -----------------------------------------------------------------------------------------------------------------------------------
REGENCY RLTY CORP COM COM 758939102 272 14500 SH SOLE 14500
- -----------------------------------------------------------------------------------------------------------------------------------
RELIANT ENERGY INC COM COM 75952J108 3198 122700 SH SOLE 122700
- -----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC INDS INC COM COM 760516104 470 38000 SH SOLE 38000
- -----------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC COM COM 779382100 157 12350 SH SOLE 12350
- -----------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETRO-NY SHARES COM 780257804 15344 295073 SH SOLE 295073
- -----------------------------------------------------------------------------------------------------------------------------------
SAFEWAY INC COM 786514208 12822 249890 SH SOLE 249890
- -----------------------------------------------------------------------------------------------------------------------------------
SARA LEE CORP COM 803111103 369 14900 SH SOLE 14900
- -----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC COM 78387G103 54694 1159087 SH SOLE 1159087
- -----------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP COM 806605101 2666 48261 SH SOLE 48261
- -----------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER COM 806857108 871 14470 SH SOLE 14470
- -----------------------------------------------------------------------------------------------------------------------------------
SCOTTS CO CL A COM 810186106 987 26400 SH SOLE 26400
- -----------------------------------------------------------------------------------------------------------------------------------
SECURITY CAP GROUP INC CL A COM 81413P105 2999 5001 SH SOLE 5001
- -----------------------------------------------------------------------------------------------------------------------------------
SECURITY CAPITAL GROUP INC CL COM 81413P204 3394 253775 SH SOLE 253775
- -----------------------------------------------------------------------------------------------------------------------------------
SECURITY CAPITAL US REALTY ORD COM L8182A107 662 84502 SH SOLE 84502
- -----------------------------------------------------------------------------------------------------------------------------------
SMITH BARNEY INCOME FDS HIGH I MUTUAL FUNDS 83181A708 160 15000 SH SOLE 15000
- -----------------------------------------------------------------------------------------------------------------------------------
SMITHKLINE BEECHAM PLC ADR RPS COM 832378301 9081 127010 SH SOLE 127010
- -----------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLINES CO COM 844741108 3186 105322 SH SOLE 105322
- -----------------------------------------------------------------------------------------------------------------------------------
SPRINT CORP COM 852061100 1819 18537 SH SOLE 18537
- -----------------------------------------------------------------------------------------------------------------------------------
SPRINT/PCS CORP COM 852061506 385 8691 SH SOLE 8691
- -----------------------------------------------------------------------------------------------------------------------------------
STATE STREET CORP COM 857477103 9759 118648 SH SOLE 118648
- -----------------------------------------------------------------------------------------------------------------------------------
STORAGE USA INC COM 861907103 1019 35900 SH SOLE 35900
- -----------------------------------------------------------------------------------------------------------------------------------
SYSCO CORPORATION COM 871829107 1136 43175 SH SOLE 43175
- -----------------------------------------------------------------------------------------------------------------------------------
TELEFONOS DE MEXICO SPON ADR R COM 879403780 1114 16875 SH SOLE 16875
- -----------------------------------------------------------------------------------------------------------------------------------
TENET HEALTHCARE CORP COM 88033G100 6728 355250 SH SOLE 355250
- -----------------------------------------------------------------------------------------------------------------------------------
TEXACO INC COM 881694103 2187 38541 SH SOLE 38541
- -----------------------------------------------------------------------------------------------------------------------------------
TEXAS BIOTECHNOLOGY CORP COM 88221T104 188 40100 SH SOLE 40100
- -----------------------------------------------------------------------------------------------------------------------------------
TEXAS CAVALCADE CORPORATION COM 18 17500 SH SOLE 17500
- -----------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS INC COM 882508104 29981 302080 SH SOLE 302080
- -----------------------------------------------------------------------------------------------------------------------------------
TEXAS UTILS CO COM 882848104 302 7200 SH SOLE 7200
- -----------------------------------------------------------------------------------------------------------------------------------
TOM BROWN INC COM 115660201 23497 1937925 SH SOLE 1937925
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW COM COM 902124106 371 5176 SH SOLE 5176
- -----------------------------------------------------------------------------------------------------------------------------------
U S WEST INC NEW COM COM 91273H101 789 14327 SH SOLE 14327
- -----------------------------------------------------------------------------------------------------------------------------------
UNILEVER N V COM 904784501 18921 284800 SH SOLE 284800
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PAC CORP COM COM 907818108 2308 43192 SH SOLE 43192
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PAC RES GROUP INC COM 907834105 454 38195 SH SOLE 38195
- -----------------------------------------------------------------------------------------------------------------------------------
UNISYS CORP PFD 3.75% CV SERIE CONVERTIBLE PREF 909214207 280 5394 SH SOLE 5394
- -----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM 934488107 26136 394509 SH SOLE 394509
- -----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC COM 939322103 3266 79900 SH SOLE 79900
- -----------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO COM 949746101 27841 794050 SH SOLE 794050
- -----------------------------------------------------------------------------------------------------------------------------------
WHITNEY HOLDING CO COM 966612103 623 16875 SH SOLE 16875
- -----------------------------------------------------------------------------------------------------------------------------------
WILLIAMS CO COM 969457100 38881 984319 SH SOLE 984319
- -----------------------------------------------------------------------------------------------------------------------------------
ALLMERICA FINANCIAL COM 019754100 826 15000 SH SHARED 1,2 15000
- -----------------------------------------------------------------------------------------------------------------------------------
CHANCELLOR MEDIA CORP COM 158915108 377 8000 SH SHARED 1,2 8000
- -----------------------------------------------------------------------------------------------------------------------------------
AMGEN INC COM 031162100 2246 30000 SH SHARED 1,2 30000
- -----------------------------------------------------------------------------------------------------------------------------------
CBS CORPORATION COM 12490K107 408 10000 SH SHARED 1,2 10000
- -----------------------------------------------------------------------------------------------------------------------------------
CISCO SYSTEMS INC COM 17275R102 1928 17600 SH SHARED 1,2 176000
- -----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATIONAL MORTGAGE COM 313586109 2424 35000 SH SHARED 1,2 35000
- -----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM 437076102 2179 35000 SH SHARED 1,2 35000
- -----------------------------------------------------------------------------------------------------------------------------------
KN ENERGY INC COM 482620101 1465 73500 SH SHARED 1,2 73500
- -----------------------------------------------------------------------------------------------------------------------------------
NOKIA CORP ADR COM 654902204 3504 22500 SH SHARED 1,2 22500
- -----------------------------------------------------------------------------------------------------------------------------------
ORANGE PLC ADR COM 685211104 340 4800 SH SHARED 1,2 4800
- -----------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CO (A) COM 775111309 866 15000 SH SHARED 1,2 15000
- -----------------------------------------------------------------------------------------------------------------------------------
SCOTTS CO COM 810186106 632 16900 SH SHARED 1,2 16900
- -----------------------------------------------------------------------------------------------------------------------------------
TOM BROWN INC COM 115660201 1216 100300 SH SHARED 1,2 100300
- -----------------------------------------------------------------------------------------------------------------------------------
WILLIAM COS COM 969457100 790 20000 SH SHARED 1,2 20000
- -----------------------------------------------------------------------------------------------------------------------------------
/TABLE>
</TABLE>
