<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13 F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Check Here if Amendment [ ]; Amendment Number: ____
This Amendment (check only one):
[ ] is a restatement
[ ] adds new holding entries
Institutional Investment Manager Filing this Report:
Name: Montgomery Asset Management, LLC
Address: 101 California Street, 35th Floor
San Francisco, CA 94111
Form 13F File Number: 28-3396
The institutional investment manager filing this report and the person by whom
it is signed hereby represents 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: Dana Schmidt
Title: Corporate Vice President and Principal
Phone: (415) 248-6000
/s/ Dana Schmidt San Francisco, California August 9, 1999
- ------------------------ ----------------------------- ----------------
Signature City, State Date
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 managers(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).)
List of Other Managers Reporting for this Manager: None
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 376
Form 13F Information Table Value Total: $2,768,209,257
List of Other Included Managers: None
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Labs COM 002824100 $2,345,888 51,700 X 51,700
Abercrombie & Fitch Company COM 002896207 $1,478,400 30,800 X 30,800
Acxiom Corp Com COM 005125109 $6,009,938 241,000 X 241,000
Adelphia Communications - CL A COM 006848105 $916,200 14,400 X 3,000 11,400
Administaff Inc. COM 007094105 $1,920,000 120,000 X 120,000
Adobe Systems COM 00724F101 $1,232,344 15,000 X 15,000
Advanced Energy Industries COM 007973100 $12,631,100 311,400 X 252,400 59,000
Affiliated Managers Group COM 008252108 $12,682,438 420,100 X 347,800 72,300
Albertson's Inc. COM 013104104 $2,647,734 51,350 X 51,350
Alcoa Inc. COM 013817101 $34,917,609 564,325 X 564,325
Alkermes Inc. COM 01642T108 $8,954,750 387,200 X 317,200 70,000
Altera Corporation COM 021441100 $2,208,750 60,000 X 60,000
Alza Corp. COM 022615108 $768,213 15,100 X 15,100
Amazon.Com Inc. COM 023135106 $675,675 5,400 X 5,400
AMBAC Financial Group, Inc. COM 023139108 $1,079,663 18,900 X 18,900
Amerada Hess Corporation COM 023551104 $28,973,525 486,950 X 486,950
America Online Inc Del Com COM 02364J104 $242,000 2,200 X 2,200
American Bankers Insurance Gro COM 024456105 $713,131 13,100 X 13,100
American Express COM 025816109 $2,023,444 15,550 X 15,550
American General Corp COM 026351106 $2,231,100 29,600 X 29,600
American Home Products Corp COM 026609107 $1,488,881 25,950 X 25,950
American International Group COM 026874107 $522,935 4,460 X 4,460
American Tower Corp. COM 029912201 $969,600 40,400 X 40,400
AmeriCredit Corporation COM 03060R101 $30,219,200 1,888,700 X 1,531,700 357,000
Amerisource Health Corp. Cl-A COM 03071P102 $16,891,400 662,400 X 546,400 116,000
Ameritech Corp COM 030954101 $4,053,525 55,150 X 55,150
Ames Dept Stores, Inc. COM 030789507 $17,461,563 382,700 X 330,700 52,000
AMFM, Inc. COM 029161106 $2,397,938 43,500 X 43,500
Anadarko Pete Corp Com COM 032511107 $887,181 24,100 X 24,100
Anglo American PLC COM 03485P102 $1,819,670 38,939 X 38939
Anheuser-Busch Cos Inc COM 035229103 $2,826,859 39,850 X 39,850
Ann Taylor Stores Corp. COM 036115103 $4,306,500 95,700 X 95,700
Annuity And Life Re COM G03910109 $11,661,019 519,700 X 413,700 106,000
Antec Corp COM 03664P105 $971,494 30,300 X 30,300
Apollo Group, Inc - CL A COM 037604105 $905,781 34,100 X 34,100
Applied Micro Circuits Corp COM 03822W109 $16,968,325 206,300 X 167,100 39,200
Applied Power, Inc. Cl-A COM 038225108 $9,537,525 349,200 X 349,200
Aptargroup Inc COM 038336103 $4,401,000 146,700 X 146,700
Ask Jeeves, Inc. COM 045174109 $134,000 9,600 X 9,600
AT & T COM 001957109 $417,840 7,488 X 7,488
AT&T Corp. - Liberty Media - A COM 001957208 $53,787,800 1,463,600 X 1,223,600 240,000
Autodesk Inc. COM 052769106 $14,526,273 491,375 X 491,375
Avant! Corporation COM 053487104 $3,087,788 244,500 X 199,000 45,500
Aviation Sales Company COM 053672101 $11,708,200 296,400 X 235,400 61,000
Avid Technology COM 05367P100 $16,890,938 1,047,500 X 1,047,500
Baker Hughes Inc. COM 057224107 $559,450 16,700 X 16,700
Banc One Corp COM 06423a103 $205,788 3,455 X 3,455
Banco Santander Central Hisp COM 05964H105 $1,545,542 148,200 X 148200
Bank of America Corp (NEW) COM 060505104 $18,730,317 255,486 X 255,486
Bank United Corp. COM 065412108 $24,968,181 621,300 X 551,800 69,500
Bausch & Lomb Inc. COM 071707103 $20,310,750 265,500 X 265,500
Baxter International Inc COM 071813109 $1,203,406 19,850 X 19,850
Belco Oil & Gas Corp. COM 077410108 $2,428,125 350,000 X 350,000
Bell & Howell Company COM 077852101 $4,904,281 129,700 X 129,700
Bell Atlantic Corp. COM 077853109 $994,354 15,210 X 15,210
Bellsouth Corp. COM 079860102 $392,063 8,500 X 8,500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Berkshire Hathaway Inc. - CL B COM 084670207 $222,880 100 X 100
Bisys Group, Inc. COM 055472104 $24,949,700 375,200 X 303,200 72,000
BMC Software Inc. COM 055921100 $1,009,216 18,700 X 18700
Boeing Company COM 097023105 $228,624 5,196 X 5,196
Boise Cascade Corp COM 097383103 $27,683,316 645,675 X 645,675
Bowater, Inc COM 102183100 $686,938 14,500 X 14,500
BP Amoco - PLC ADR 055622104 $1,194,151 11,006 X 11,006
Brinker International Inc. COM 109641100 $10,148,000 369,000 X 301,000 68,000
Bristol-Meyers Squibb COM 110122108 $1,675,004 23,780 X 23,780
British Airways COM 110419306 $784,401 113,400 X 113400
Canadian National Railway Comp COM 136375102 $20,687,925 308,775 X 308,775
Canadian Pacific, Ltd. COM 135923100 $1,238,250 52,000 X 52,000
Canandaigua Wine Co., Inc. Cla COM 137219200 $26,434,675 504,100 X 450,300 53,800
Capital One COM 14040H105 $13,093,523 235,125 X 235,125
Cardinal Health, Inc. COM 14149Y108 $578,792 9,026 X 9,026
Careinsite Inc COM 14170M106 $1,129,275 23,900 X 23,900
Carpenter Technology COM 144285103 $9,012,897 315,550 X 315,550
Carrier Access Corp COM 144460102 $8,427,334 192,350 X 192,350
Carrier Access Corp COM 144460102 $1,322,194 30,200 X 30200
Casella Waste Systems Inc-A COM 147448104 $5,031,000 193,500 X 193,500
Catalina Marketing Corp. COM 148867104 $4,066,400 44,200 X 44,200
Catalytica Inc COM 148885106 $7,595,000 542,500 X 542,500
CEC Entertainment Inc. COM 125137109 $5,830,500 138,000 X 138,000
Celestial Seasonings COM 151016102 $4,235,500 197,000 X 197,000
Centocor, Inc. COM 152342101 $1,972,238 42,300 X 42,300
Cerus Corp COM 157085101 $3,051,400 138,700 X 138,700
Champion Enterprises COM 158496109 $30,161,325 1,619,400 X 1,383,400 236,000
Charles Schwab Corp. COM 808513105 $2,667,448 24,472 X 24,472
Chase Manhattan Corp COM 16161A108 $320,050 3,700 X 3,700
Chesapeake Corp COM 165159104 $8,469,298 226,225 X 226,225
Chevron Corp. COM 166751107 $2,081,393 21,895 X 21,895
China Telecom ADR 169428109 $484,500 8,500 X 8500
Cisco Systems COM 17275R102 $409,178 6,350 X 6,350
Cisco Systems COM 17275R102 $1,165,753 18,100 X 18100
Citigroup Inc. COM 172967101 $812,250 17,100 X 17,100
Clear Channel Communications COM 184502102 $2,369,520 34,372 X 34,372
CNF Transportation Inc COM 12612W104 $1,220,450 31,700 X 31,700
Coastal Corp COM 190441105 $603,750 15,000 X 15,000
Coca Cola Company COM 191216100 $639,840 10,320 X 10,320
Coflexip COM 192384105 $1,061,604 12,350 X 12350
Colgate-Palmolive Company COM 194162103 $226,550 2,300 X 2,300
Colt Telecom Group PLC ADR 196877104 $1,556,034 18,100 X 18100
Columbia Energy Group COM 197648108 $313,438 5,000 X 5,000
Commercial Federal Corp. COM 201647104 $22,873,534 986,450 X 873,450 113,000
Commscope Inc. COM 203372107 $20,833,125 677,500 X 553,500 124,000
Compucredit Corp COM 20478N100 $5,900,500 310,500 X 278,500 32,000
Computer Sciences Corp. COM 205363104 $8,241,961 119,125 X 119,125
Compuware Corp. COM 205638109 $1,323,400 41,600 X 41,600
Comverse Technology COM 205862402 $29,463,422 390,244 X 390,244
Conexant Systems Inc. COM 207142100 $42,804,613 737,200 X 605,200 132,000
Consolidated Products, Inc. COM 209798107 $4,302,000 239,000 X 239,000
Credicorp Ltd COM G2519Y108 $136,400 12,400 X 12400
CSG Systems Intl Inc. COM 126349109 $26,965,719 1,029,700 X 844,500 185,200
Cunningham Graphics Intl. Inc. COM 231157108 $415,625 25,000 X 25,000
Cutter & Buck Inc. COM 232217109 $1,604,813 95,100 X 95,100
Dayton Hudson COM 239753106 $312,000 4,800 X 4,800
Devry Inc COM 251893103 $747,325 33,400 X 33,400
Dial Corp COM 25247D101 $1,234,625 33,200 X 33,200
Dole Food Company COM 256605106 $1,292,500 44,000 X 44,000
Donnelley R R & Sons COM 257867101 $21,616,703 583,250 X 583,250
Doral Financial Corporation COM 25811p100 $4,847,250 281,000 X 153,000 128,000
Dow Chemical COM 260543103 $27,208,344 214,450 X 214,450
DST Systems, Inc. COM 233326107 $15,656,075 249,000 X 206,000 43,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Du Pont (E.I.) De Nemours COM 263534109 $208,353 3,050 X 3,050
Duane Reade Inc. COM 263578106 $19,664,113 644,725 X 644,725
E.W. Blanch Holdings COM 093210102 $25,945,731 380,500 X 316,500 64,000
Eastman Chemical Co COM 277432100 $1,656,000 32,000 X 32,000
Echostar Communications COM 278762109 $100,026,594 651,900 X 516,400 135,500
Education Management Corporati COM 28139T101 $4,463,325 215,100 X 215,100
Elcor Corp COM 284443108 $19,126,388 437,800 X 437,800
Electronic Data System COM 285661104 $18,544,688 327,500 X 327,500
Eli Lilly & Co COM 532457108 $304,836 4,256 X 4,256
Embratel ADR 29081N100 $480,075 34,600 X 34600
Emerson Electric Company COM 291011104 $201,400 3,200 X 3,200
Emmis Broadcasting COM 291525103 $1,575,063 31,900 X 31,900
Enersis SA ADR 29274F104 $290,444 12,697 X 12697
Enron Corporation COM 293561106 $310,650 3,800 X 3,800
Equant NV (NY Reg.) COM 294409107 $1,458,938 15,500 X 15500
ESAT Telecom Group Plc ADR 26883Y102 $5,861,700 133,600 X 133,600
Estee Lauder Companies CL-A COM 518439104 $260,650 5,200 X 5,200
Ethan Allen Interiors Inc. COM 297602104 $13,239,463 350,700 X 291,300 59,400
Exxon Corp. COM 302290101 $910,075 11,800 X 11,800
Family Dollar Stores COM 307000109 $1,444,800 60,200 X 60,200
FDX Corporation COM 31304n107 $15,306,638 282,150 X 282,150
Fed. Nat'l Mtge. Assoc. COM 313586109 $363,090 5,320 X 5,320
Ferro Corp Com COM 315405100 $888,250 32,300 X 32,300
First Health Group Corp COM 320960107 $24,857,250 1,152,800 X 1,152,800
Fleet Financial Group COM 338915101 $310,625 7,000 X 7,000
Fleming Companies, Inc. COM 339130106 $17,061,722 1,467,675 X 1,467,675
Flextronics International LTD COM Y2573F102 $15,557,950 280,300 X 233,200 47,100
Fomento Economico MX ADR 344419106 $634,013 15,900 X 15900
Ford Motor Co. COM 345370100 $275,020 4,873 X 4,873
Forest Laboratories Inc COM 345838106 $1,211,750 26,200 X 26,200
Fox Entertainment Group Inc. COM 35138t107 $12,363,639 458,975 X 393,075 65,900
Gap Stores COM 364760108 $313,736 6,228 X 6,228
Gemstar Intl Group Ltd COM g3788v106 $913,500 14,000 X 14,000
General Electric COM 369604103 $5,057,767 44,759 X 44,759
General Motors COM 370442105 $14,996,850 227,225 X 227,225
Genesys Telecomn Labs Inc. COM 371931106 $6,265,000 250,600 X 250,600
Genrad, Inc. COM 372447102 $9,116,425 426,500 X 354,500 72,000
Gentex COM 371901109 $1,148,000 41,000 X 41,000
Giga Information Group Inc. COM 37517M109 $1,706,665 341,333 X 230,666 110,667
Gilat Satellite Networks Ltd COM M51474100 $12,621,000 240,400 X 186,400 54,000
Gilead Sciences COM 375558103 $30,916,075 591,700 X 481,700 110,000
Glaxo Wellcome PLC COM 37733W105 $1,064,535 38,300 X 38300
Global Telesystems Group COM 37936U104 $1,805,603 22,300 X 22300
Golden West Financial Corp COM 381317106 $25,908,750 264,375 X 264,375
Granite Construction, Inc. COM 387328107 $7,225,531 246,500 X 246,500
GTE Corp. COM 362320103 $2,778,400 36,800 X 36,800
Halliburton Co. COM 406216101 $1,253,425 27,700 X 27,700
HA-LO Industries COM 404429102 $7,677,684 777,487 X 777,487
Harcourt General Inc. COM 41163G101 $10,218,398 198,175 X 198,175
Heller Financial Inc. COM 423328103 $10,152,688 365,000 X 297,000 68,000
Hewlett Packard Co COM 428236103 $4,155,675 41,350 X 41,350
Hitachi Ltd. COM 433578507 $1,859,270 198,000 X 198000
Hollinger International COM 435569108 $12,789,750 1,077,000 X 965,000 112,000
Honeywell Inc COM 438506107 $730,013 6,300 X 6,300
Host Marriott Corp. (REIT) COM 44107p104 $7,347,656 618,750 X 618,750
Houghton Mifflin Co. COM 441560109 $1,411,875 30,000 X 30,000
Household International COM 441815107 $1,852,363 39,100 X 39,100
ICG Communications, Inc. COM 449246107 $45,482,125 2,127,800 X 1,743,100 384,700
Idec Pharmaceuticals Corp COM 449370105 $26,632,650 345,600 X 282,600 63,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Illinois Tool Works COM 452308109 $735,750 9,000 X 9,000
Infinity Broadcasting Corp COM 45662s102 $221,719 7,500 X 7,500
Intel Corp. COM 458140100 $2,544,339 42,762 X 42,762
Intergraph Corp COM 458683109 $1,317,500 170,000 X 170,000
Intermedia Comm Of Florida COM 458801107 $3,378,000 112,600 X 52,100 60,500
International Business Machine COM 459200101 $506,660 3,920 X 3,920
International Paper Co. COM 460146103 $16,519,688 328,750 X 328,750
Interpublic Group Of Companies COM 460690100 $441,788 5,100 X 5,100
Intuit COM 461202103 $270,375 3,000 X 3,000
ITC Deltacom Inc. COM 45031T104 $4,726,800 168,800 X 144,400 24,400
ITT Educational Services Inc COM 45068B109 $1,120,688 43,000 X 43,000
J. Jill Group Inc. COM 466189107 $4,702,350 321,500 X 281,500 40,000
Johnson & Johnson COM 478160104 $2,928,730 29,885 X 29,885
Johnson Controls, Inc. COM 478366107 $277,250 4,000 X 4,000
Juniper Networks Inc COM 48203R104 $4,648,800 31,200 X 31,200
Kaufman And Broad Home Corp. COM 486168107 $4,437,700 178,400 X 178,400
Kimberly Clark Corp. COM 494368103 $3,311,700 58,100 X 58,100
Kmart Corp. COM 482584109 $15,306,638 927,675 X 927,675
Koninklijk COM 500472204 $1,515,937 32,267 X 32267
Korea Telecom Corp COM 50063P103 $2,096,657 31,600 X 31600
Kronos, Inc. COM 501052104 $8,142,225 178,950 X 178,950
Kulicke & Soffa Industries COM 501242101 $9,051,956 337,600 X 275,800 61,800
L-3 Communications COM 502424104 $9,914,163 205,200 X 148,600 56,600
Lamar Advertising Co COM 512815101 $466,688 11,400 X 11,400
Legend Airlines, Inc - Series COM 512815101 $4,000,000 500,000 X 500,000
Leucadia National Corp. COM 527288104 $1,040,375 41,000 X 41,000
Level 3 Communications Inc COM 52729N100 $396,413 6,600 X 6,600
Linens 'N Things Inc COM 535679104 $19,548,000 446,800 X 390,800 56,000
Lockheed Martin Corporation COM 539830109 $12,374,450 332,200 X 332,200
Loews Corp. COM 540424108 $10,986,506 138,850 X 138,850
Lucent Technologies Inc COM 549463107 $845,666 12,540 X 12540
Lucent Technologies Inc. COM 549463107 $458,575 6,800 X 6,800
Macromedia Inc. COM 556100105 $3,327,600 94,400 X 94,400
Manitowoc COM 563571108 $22,657,216 544,318 X 544,318
Marsh & McLennan Cos. COM 571748102 $1,120,175 14,800 X 14,800
Masco Corp. COM 574599106 $2,613,188 90,500 X 90,500
Matsushita Electric Industrial ADR 576879209 $13,847,170 69,825 X 69,825
Maximus Inc. COM 577933104 $3,786,375 131,700 X 131,700
May Department Stores Company COM 577778103 $797,063 19,500 X 19,500
Maytag Corp. COM 578592107 $202,456 2,900 X 2,900
McDonalds Corp COM 580135101 $205,625 5,000 X 5,000
McGraw-Hill, Inc. COM 580645109 $970,875 18,000 X 18,000
MCI Worldcom, Inc. COM 55268B106 $2,185,471 25,394 X 25,394
MCI-Worldcom, Inc. COM 55268B106 $2,081,956 24,200 X 24200
Mcleod USA, Inc. COM 582266102 $26,471,500 481,300 X 397,300 84,000
Mead Corp COM 582834107 $8,249,800 197,600 X 197,600
Meade Instruments Com COM 583062104 $3,173,500 184,000 X 100,000 84,000
Medimmune, Inc. COM 584699102 $21,598,950 318,800 X 260,800 58,000
Medquist Inc COM 584949101 $2,712,500 62,000 X 44,000 18,000
Mentor Corp COM 587188103 $9,123,638 489,900 X 429,900 60,000
Merck & Company COM 589331107 $3,169,556 43,050 X 43,050
Mercury Interactive COM 589405109 $976,350 27,600 X 27,600
Metro Networks, Inc. COM 591918107 $10,952,550 205,200 X 205,200
Metzler Group Inc COM 592903108 $942,013 34,100 X 34,100
MGIC Investment Corp. COM 552848103 $1,298,288 26,700 X 26,700
Micros Systems Inc. COM 594901100 $13,396,000 394,000 X 394,000
Microsoft Corp. COM 594918104 $1,016,954 11,276 X 11,276
MKS Instruments, Inc. COM 55306N104 $9,157,575 491,700 X 404,200 87,500
Mobil Corp. COM 607059102 $844,313 8,550 X 8,550
Moog, Inc. COM 615394202 $10,154,375 295,400 X 295,400
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Morgan St Dean Witter & Co COM 617446448 $205,250 2,000 X 2,000
Motorola COM 620076109 $12,540,163 132,350 X 132,350
Nalco Chem Co Com COM 629853102 $14,889,422 287,025 X 287,025
National City Corp COM 635405103 $1,159,350 17,700 X 17,700
National Data Corp. COM 635621105 $21,426,050 501,200 X 409,200 92,000
NCR Corporation COM 62886e108 $1,464,375 30,000 X 30,000
New Era of Networks, Inc. COM 644312100 $263,438 6,000 X 6000
Newbridge Networks Corp. COM 650901101 $11,401,531 396,575 X 396,575
Newell Rubbermaid Inc COM 651229106 $791,436 17,066 X 17,066
News Corp Ltd - Spons ADR 652487802 $8,969,273 284,175 X 284,175
Nissan Motor Co. COM 654744408 $735,865 363,000 X 363000
Nokia Corporation A PRF 654902204 $1,212,937 13,820 X 13820
Nordstrom Inc COM 655664100 $18,718,125 558,750 X 558,750
Nortel Netwporks Corporation COM 656569100 $243,075 2,800 X 2,800
Nova Corporation COM 669784100 $14,738,000 589,500 X 484,300 105,200
Novoste Corporation COM 67010C100 $2,423,400 115,400 X 75,400 40,000
On Assignment Inc. COM 682159108 $10,269,738 393,100 X 393,100
Optical Coating Laboratory COM 683829105 $1,120,575 13,400 X 13,400
Optimal Robotics Corp. COM 68388R208 $4,758,325 478,800 X 278,800 200,000
Orange PLC COM 685211104 $1,769,311 120,800 X 120800
Outdoor Systems, Inc. COM 690057104 $1,259,250 34,500 X 34,500
Oxford Health Plans COM 691471106 $4,054,031 260,500 X 260,500
Paccar Inc Com COM 693718108 $15,418,703 288,875 X 288,875
Pantry Inc COM 698657103 $3,548,000 220,000 X 220,000
PE Corp-PE Biosystems Group COM 69332S102 $803,250 7,000 X 7,000
Pegasus Communications Corp. COM 705904100 $3,881,438 98,400 X 81,300 17,100
Pepsico, Inc. COM 713448108 $355,925 9,200 X 9,200
Petroleum Geo-Services ADR 716597109 $8,352,113 561,500 X 459,500 102,000
Pfizer Inc. COM 717081103 $554,810 5,090 X 5,090
Pharmacia & Upjohn, Inc. COM 716941109 $965,813 17,000 X 17,000
Philippine Long Dist Telephone ADR 718252604 $514,535 17,080 X 17080
Pinnacle Holdings Inc COM 72346N101 $1,173,550 47,900 X 47,900
Pinnacle Systems, Inc. COM 723481107 $269,000 8,000 X 8,000
Pitney-Bowes, Inc. COM 724479100 $2,810,938 43,750 X 43,750
Playtex Prods Inc Com COM 72813P100 $9,038,700 580,800 X 580,800
Plexus Corp. COM 729132100 $7,721,038 256,300 X 256,300
Pohang Iron & Steel ADS 730450103 $242,100 7,200 X 7200
Ppg Industries Inc. COM 693506107 $236,250 4,000 X 4,000
Pri Automation Inc. COM 69357H106 $9,014,875 248,700 X 202,700 46,000
Procter & Gamble Co COM 742718109 $884,289 9,908 X 9,908
Project Software & Developemnt COM 74339P101 $422,450 13,600 X 13600
R & B Falcon Corporation COM 74912e101 $4,487,578 478,675 X 478,675
Radian Group Inc COM 750236101 $26,420,913 541,284 X 459,284 82,000
Radio One Inc. COM 75040P108 $558,000 12,000 X 12,000
Rational Software COM 75409P202 $1,307,619 39,700 X 39,700
Raychem Corporation COM 754603108 $30,329,825 819,725 X 819,725
Reader's Digest Assn. Class A COM 755267101 $767,175 19,300 X 19,300
Regis Corp. COM 758932107 $5,292,872 275,850 X 275,850
Rent-A-Center Inc. COM 76009N100 $24,974,000 1,040,600 X 840,200 200,400
Rent-Way Inc COM 76009U104 $7,978,550 324,000 X 260,000 64,000
Republic New York Corp COM 760719104 $7,827,925 114,800 X 114,800
Republic Services Inc - CL A COM 760759100 $29,696,288 1,199,850 X 1,086,150 113,700
RF Micro Devices Inc. COM 749941100 $13,007,350 174,300 X 141,300 33,000
Rio Tinto PLC ADR 767204100 $15,526,344 230,875 X 230,875
Rohm & Haas Co. COM 775371107 $1,715,000 40,000 X 40,000
Safeway Inc COM 786514208 $306,900 6,200 X 6,200
Sanmina Corp. COM 800907107 $5,167,088 68,100 X 68,100
SBC Communications Inc COM 78387G103 $336,400 5,800 X 5,800
Schering Plough Corp Com COM 806605101 $771,750 14,700 X 14,700
Schlumberger COM 806857108 $17,609,148 276,493 X 276,493
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Seagate Tech COM 811804103 $758,500 29,600 X 29600
Seagate Technologies, Inc. COM 811804103 $1,563,125 61,000 X 61,000
Sealed Air Corp COM 81211K100 $1,693,238 26,100 X 26,100
Seminis Inc - CL A COM 816658108 $10,280,156 682,500 X 682,500
Sepracor Inc COM 817315104 $365,625 4,500 X 4,500
SFX Entertainment Inc. COM 784178105 $32,832,000 513,000 X 423,000 90,000
Siebel Systems, Inc. COM 826170102 $1,551,713 23,400 X 23,400
SkyTel Communications Inc. COM 83087q104 $8,491,813 405,600 X 311,600 94,000
Smithfield Foods COM 832248108 $56,074,938 1,677,000 X 1,373,000 304,000
Snyder Communications Inc. COM 832914105 $21,292,094 650,125 X 614,125 36,000
Solectron Corp COM 834182107 $4,531,416 67,950 X 67,950
Sony Corp COM 835699307 $1,295,607 12,000 X 12000
Sony Corp. ADR 835699307 $9,812,338 88,900 X 88,900
Sprint Corp (PCS Group) COM 852061506 $1,987,950 34,800 X 34800
Sprint Corp. (PCS Group) COM 852061506 $444,600 7,800 X 7,800
Stancorp Financial Group COM 852891100 $32,307,000 1,076,900 X 1,004,900 72,000
Steris Corporation COM 859152100 $10,574,625 545,800 X 441,800 104,000
Stet Hellas Telecom ADR 859823106 $720,475 32,200 X 32200
Suiza Foods Corp COM 865077101 $3,768,750 90,000 X 90,000
Summit Bancorp COM 866005101 $204,881 4,900 X 4,900
Supersol Limited COM 868511205 $323,276 110,000 X 110000
Swift Transportation Co Inc. COM 870756103 $9,709,051 441,321 X 441,321
Synopsys COM 871607107 $4,464,669 80,900 X 80,900
Sysco Corp. COM 871829107 $1,833,469 61,500 X 61,500
Taiwan Semiconductor ADR 874039100 $2,434,188 72,500 X 72500
Talbots COM 874161102 $5,143,063 134,900 X 134,900
Tandy Corp COM 875382103 $3,724,275 76,200 X 76,200
TCI Music Inc - CL A COM 87229N101 $11,788,750 223,000 X 184,500 38,500
Telefonica de Argentina ADR 879378206 $530,238 16,900 X 16900
Telefonica SA COM 879382208 $1,383,875 28,693 X 28693
Telefonos de Mexico ADR 879403780 $4,056,788 50,200 X 50200
Telemig Celular SA Pref C PRF 87944E105 $45,347 5,094,740 X 5094740
Telesp Celular SA Pref B PRF 87952L108 $499,231 9,981,801 X 9981801
Teradyne COM 880770102 $947,100 13,200 X 13,200
Tetra Tech Inc COM 88162G103 $3,904,725 236,650 X 236,650
Texaco Inc. COM 881694103 $642,463 10,300 X 10,300
Texas Instruments Inc. COM 882508104 $216,000 1,500 X 1,500
Texas Utilities Co. COM 882848104 $207,188 5,000 X 5,000
The Men's Wearhouse Inc. COM 587118100 $3,861,975 151,450 X 151,450
Time Warner, Inc. COM 887315109 $355,863 4,900 X 4,900
TJX Companies COM 872540109 $9,889,648 296,875 X 296,875
TMP Worldwide Inc. COM 872941109 $1,606,550 25,300 X 25,300
Tower Automotive Inc COM 891707101 $903,031 35,500 X 35,500
Trans World Entertainment COM 89336Q100 $2,302,500 204,700 X 164,400 40,300
Trigon Healthcare Inc Com COM 89618L100 $22,181,350 609,800 X 491,800 118,000
Tyco International Ltd COM 902124106 $12,438,306 131,275 X 131,275
U.S. Bancorp COM 902973106 $363,788 10,900 X 10,900
Unigraphics Solutions, Inc. COM 904928108 $978,250 52,000 X 52,000
Unilever N V NYS 904784709 $6,495,557 93,127 X 93,127
Union Pacific Corp. COM 907818108 $22,689,394 389,100 X 389,100
Union Pacific Resources Group, COM 907834105 $25,266,023 1,548,875 X 1,548,875
Union Planters Corp. COM 908068109 $205,563 4,600 X 4,600
Unionbancal Corporation COM 908906100 $8,291,063 229,500 X 181,500 48,000
Unisys Corp COM 909214108 $1,265,469 32,500 X 32,500
United Pan-European Commun. COM 911300200 $939,600 17,300 X 17300
USA Networks, Inc. COM 902984103 $60,014,963 1,495,700 X 1,165,500 330,200
V F Corp COM 918204108 $598,500 14,000 X 14,000
Varco International COM 922126107 $3,135,625 290,000 X 290,000
Veba AG COM 92239H102 $1,626,762 27,640 X 27640
Viatel Inc. COM 925529208 $38,339,138 683,100 X 557,100 126,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE FAIR INVESTMENT DISCRETION VOTING AUTHORITY
OF MARKET SHARE PUT/ --------------------- OTHER ------------------
NAME OF ISSUER CLASS CUSIP VALUE QUANTITY CALL SOLE SHARED OTHER MANAGERS SOLE NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Vitesse Semiconductor Corporat COM 928497106 $789,019 11,700 X 11,700
Wachovia Corp COM 929771103 $470,594 5,500 X 5,500
Waddell & Reed Financial-A COM 930059100 $6,300,788 228,600 X 228,600
Walgreen Co Com COM 931422109 $235,000 8,000 X 8,000
Wal-Mart Stores Inc. COM 931142103 $335,820 6,960 X 6,960
Walt Disney Company COM 254687106 $674,609 21,894 X 21,894
Waste Management COM 94106l109 $2,427,458 45,162 X 45,162
Westvaco Corp COM 961548104 $290,000 10,000 X 10,000
Weyerhaeuser Co. COM 962166104 $13,310,000 193,600 X 193,600
Whirlpool Corp. COM 963320106 $19,643,300 265,450 X 265,450
Whole Food Markets COM 966837106 $13,235,600 275,400 X 227,400 48,000
Willamete Industries COM 969133107 $7,604,919 165,100 X 165,100
Williams Cos. Inc. COM 969457100 $285,169 6,700 X 6,700
Winstar Communications Inc. COM 975515107 $39,672,750 813,800 X 659,800 154,000
Xerox Corp. COM 984121103 $708,750 12,000 X 12,000
Y.P.F. Sociedad Anonima ADS 984245100 $923,400 24,300 X 24300
Yahoo! Inc. COM 984332106 $430,625 2,500 X 2,500
Zale Corp COM 988858106 $2,176,000 54,400 X 54,400
GRAND TOTAL $2,768,209,257
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