FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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: PPM America, Inc.
Address: 225 W. Wacker Drive
Suite 1200
Chicago, IL 60606
13F File Number: 28-3586
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 Manger:
Name: Paul Carter
Title: Compliance Officer
Phone: 312-634-2607
Signature, Place, and Date of Signing:
Paul Carter Chicago, IL November 10, 1999
Report Type (Check only one.):
{X} 13F HOLDINGS REPORT.
{ } 13F NOTICE.
{ } 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 410
Form 13F Information Table Value Total: $6,998,632
List of Other Included Managers:
No. 13F File Number Name
01 28-3582 Prudential Corporation Plc
02 28-3588 Prudential Portfolio Managers, Ltd.
03 28-4284 M&G Investment Management Limited
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN DSCRETN MANAGERS SOLE SHARED NONE
ABBOTT LABS COM 002824100 6034 164466 SH SOLE 3 164466
ABBOTT LABS COM 002824100 113 3073 SH SOLE 2 3073
ABER RESOURCES COM 002916104 7694 1224900 SH SOLE 3 244900 980000
ADAPTEC INC COM 00651F108 87352 2201000 SH SOLE 2160900 40100
ADAPTEC INC COM 00651F108 9751 245700 SH SOLE 3 245700
ADVANCED MICRO DEV COM 007903107 3094 180000 SH SOLE 3 180000
AEGON NV AMERICAN RE COM 007924103 812 9391 SH SOLE 9391
AETNA INC COM 008117103 69685 1414917 SH SOLE 1389017 25900
AETNA INC COM 008117103 4433 90010 SH SOLE 3 90010
AK STEEL HOLDING COR COM 001547108 5311 291000 SH SOLE 291000
ALBERTSON'S COM 013104104 3850 97310 SH SOLE 3 97310
ALBERTSONS COM 013104104 48 1204 SH SOLE 2 1204
ALCAN ALUMINIUM COM 013716105 2031 65000 SH SOLE 3 65000
ALLIANT TECHSYSTEMS COM 018804104 3680 53100 SH SOLE 53100
AMER EXPRESS CO COM 025816109 120 891 SH SOLE 2 891
AMER GENERAL CORP COM 026351106 50 787 SH SOLE 2 787
AMER HOME PROD COM 026609107 113 2713 SH SOLE 2 2713
AMER INTL GRP COM 026874107 240 2766 SH SOLE 2 2766
AMERICA ONLINE INC COM 02364J104 208 2001 SH SOLE 2 2001
AMERICAN EXPRESS COM 025816109 19117 141610 SH SOLE 3 141610
AMERICAN FINANCIAL G COM 025932104 51190 1824150 SH SOLE 1792750 31400
AMERICAN GENERAL COR COM 026351106 45785 723875 SH SOLE 709375 14500
AMERICAN HOME PRODUCTS US$COM 026609107 5830 140490 SH SOLE 3 140490
AMERICAN INTL COM 026874107 4577 52645 SH SOLE 3 52645
AMGEN COM COM 031162100 7192 88246 SH SOLE 3 88246
AMGEN COM COM 031162100 73 892 SH SOLE 2 892
AMWAY ASIA PACIFIC COM G0352M108 12287 1117000 SH SOLE 1005100 111900
ANGLOGOLD LVL1 ADR REP 1/2ADR 035128206 16505 525000 SH SOLE 3 0 525000
ANHEUSER BUSCH COS I COM 035229103 14513 207145 SH SOLE 3 207145
ANHEUSER BUSCH COS I COM 035229103 1009 14400 SH SOLE 14400
ANHEUSER-BUSCH COS I COM 035229103 55 786 SH SOLE 2 786
APPLIED MATERIALS COM 038222105 9966 128281 SH SOLE 3 128281
APPLIED MATERIALS COM 038222105 63 806 SH SOLE 2 806
ASHLAND INC. COM 044204105 81857 2434400 SH SOLE 2389100 45300
ASHLAND INC. COM 044204105 50 1500 SH SOLE 2 1500
ASIA PULP & PAPER ADR 04516V100 1554 264479 SH SOLE 264479
ASTORIA FINANCIAL COM 046265104 308 10000 SH SOLE 3 10000
AT & T CORP COM 001957109 7842 180273 SH SOLE 3 180273
AT & T CORP COM 001957109 251 5768 SH SOLE 2 5768
ATLANTIC RICHFIELD COM 048825103 169821 1916170 SH SOLE 2 1916170
ATMEL COM 049513104 7936 234700 SH SOLE 3 234700
BANK OF AMERICA CORP COM 060505104 102975 1849162 SH SOLE 1814462 34700
BARRICK GOLD CORP COM 067901108 17944 825000 SH SOLE 3 50000 775000
BAXTER INTL COM 071813109 837 13900 SH SOLE 13900
BAXTER INTL COM 071813109 50 835 SH SOLE 2 835
BEAR STEARNS COM 073902108 3938 102457 SH SOLE 3 102457
BELL ATLANTIC CORP COM 077853109 113672 1688725 SH SOLE 1656125 32600
BELL ATLANTIC CORP COM 077853109 203 3014 SH SOLE 2 3014
BELL ATLANTIC CORP COM 077853109 25065 372374 SH SOLE 3 372374
BELLSOUTH CORP COM 079860102 72524 1611650 SH SOLE 1581950 29700
BELLSOUTH CORP COM 079860102 167 3720 SH SOLE 2 3720
BESTFOODS COM 08658U101 7043 145035 SH SOLE 3 145035
BK OF AMERICA CP COM 060505104 3710 66628 SH SOLE 3 66628
BK OF AMERICA CP COM 060505104 182 3271 SH SOLE 2 3271
BK ONE CORP COM COM 06423A103 6257 179748 SH SOLE 3 179748
BK ONE CORP COM COM 06423A103 91 2622 SH SOLE 2 2622
BLACK HILLS CORP COM 092113109 2802 120200 SH SOLE 120200
BOB EVANS FARMS COM 096761101 4175 204900 SH SOLE 204900
BOCA RESORTS INC CL A 09688T106 1009 96098 SH SOLE 96098
BOEING CO COM 097023105 31 730 SH SOLE 730
BOEING CO COM COM 097023105 106 2483 SH SOLE 2 2483
BOEING COM COM 097023105 8829 207140 SH SOLE 3 207140
BRISTOL MYERS SQUIBB COM 110122108 2322 34400 SH SOLE 34400
BRISTOL-MYRS SQUIBB COM 110122108 5610 83105 SH SOLE 3 83105
BRISTOL-MYRS SQUIBB COM 110122108 233 3453 SH SOLE 2 3453
BROWN FORMAN CL B 115637209 6080 97470 SH SOLE 3 97470
BRUNSWICK CORP COM 117043109 68954 2772000 SH SOLE 2723000 49000
BURLINGTON NORTHERN COM 12189T104 76 2775 SH SOLE 2 2775
BURLINGTON NORTHERN COM 12189T104 87698 3189025 SH SOLE 3129325 59700
CALLAWAY GOLF COM 131193104 6240 512000 SH SOLE 3 512000
CAMBRIDGE TECHN COM 132524109 290 20000 SH SOLE 3 20000
CAMECO COM 13321L108 249 13500 SH SOLE 3 13500
CAROLINA FIRST COM 143877108 3692 186350 SH SOLE 3 186350
CATELLUS DEVELOPMENT CORP COM 149111106 658 56000 SH SOLE 56000
CATERPILLAR COM 149123101 6176 112675 SH SOLE 3 112675
CENTURY BUSINESS SVCS COM 156490104 20759 1785714 SH SOLE 1785714
CCB FINANCIAL CORP COM 124875105 2110 50700 SH SOLE 50700
CENTERPOINT PROPERTIES COM 151895109 1384 41000 SH SOLE 41000
CENTRAL NEWSPAPERS CL A 154647101 2728 61300 SH SOLE 61300
CHAMPION ENTERPRISES COM 158496109 4669 518800 SH SOLE 518800
CHARTER ONE FIN INC COM 160903100 114785 4963656 SH SOLE 4874386 89270
CHARTER ONE FIN INC COM 160903100 1409 60938 SH SOLE 3 60938
CHASE MANHATTAN CORP COM 16161A108 93000 1233825 SH SOLE 1211125 22700
CHASE MANHATTAN CORP COM 16161A108 130 1724 SH SOLE 2 1724
CHASE MANHATTAN CORP COM 16161A108 30210 400801 SH SOLE 3 400801
CHATEAU COMMUNITIES COM 161726104 1066 41000 SH SOLE 41000
CHATEAU COMMUNITIES COM 161726104 5617 216056 SH SOLE 3 216056
CHELSEA GCA REALTY COM 163262108 5288 167200 SH SOLE 3 167200
CHELSEA GCA REALTY COM 163262108 822 26000 SH SOLE 26000
CHEVRON CORP COM 166751107 8448 95185 SH SOLE 3 95185
CHEVRON CORP COM 166751107 65029 732725 SH SOLE 719125 13600
CHEVRON CORP COM 166751107 139 1566 SH SOLE 2 1566
CHUBB COM 171232101 919 18525 SH SOLE 3 18525
CIGNA CORP COM 125509109 100294 1289950 SH SOLE 1266250 23700
CISCO SYSTEMS INC COM 17275R102 4604 67150 SH SOLE 3 67150
CISCO SYSTEMS INC COM 17275R102 49 720 SH SOLE 720
CISCO SYSTEMS INC COM 17275R102 402 5865 SH SOLE 2 5865
CITIGROUP INC COM 172967101 23220 527728 SH SOLE 3 527728
CITIGROUP INC COM 172967101 263 5967 SH SOLE 2 5967
CLEVELAND CLIFFS INC COM 185896107 5438 174700 SH SOLE 174700
CLOROX COM 189054109 4802 125540 SH SOLE 3 125540
COCA COLA COM 191216100 11700 242493 SH SOLE 3 242493
COCA-COLA COM 191216100 186 3854 SH SOLE 2 3854
COINMACH LAUNDRY CORP CLASCOM 19259L101 2343 240324 SH SOLE 240324
COLGATE PALMOLIVE COM 194162103 8219 179655 SH SOLE 3 179655
COLGATE-PALMOLIVE COM 194162103 49 1078 SH SOLE 2 1078
COLUMBIA HCA HEALTHC COM 197677107 110302 5206000 SH SOLE 5108800 97200
COLUMBIA SPORTSWEAR COM 198516106 3058 214600 SH SOLE 214600
COMMUNITY FIRST BANCSHARE COM 203902101 338 20000 SH SOLE 3 20000
COMPAQ COMPUTER COM 204493100 8537 373190 SH SOLE 3 373190
COMPAQ COMPUTER COM 204493100 88 3833 SH SOLE 2 3833
COMPUTER ASSOCIATES COM 204912109 84 1374 SH SOLE 2 1374
COMPUTER ASSOCIATES COM 204912109 124229 2032375 SH SOLE 1994975 37400
COOPER INDUSTRIES IN COM 216669101 68769 1471000 SH SOLE 1443700 27300
COTT CORP COM 22163N106 1663 380000 SH SOLE 3 380000
COUSINS PROPERTIES COM 222795106 3733 110000 SH SOLE 3 110000
CROWN RESOURCES COM 228569109 1950 650000 SH SOLE 3 50000 600000
CSX CORP COM 126408103 107121 2527925 SH SOLE 2482025 45900
CULLEN FROST BANKERS COM 229899109 250 10000 SH SOLE 3 10000
CYTYC COM 232946103 347 8962 SH SOLE 2 8962
DATA GENERAL CORP COM 237688106 8989 426800 SH SOLE 3 426800
DIEBOLD COM 253651103 2565 110900 SH SOLE 3 110900
DIME BANCORP INC COM 25429Q102 2547 145545 SH SOLE 3 145545
DOW CHEMICAL COM 260543103 77742 684200 SH SOLE 671600 12600
DOW CHEMICAL COM 260543103 57 498 SH SOLE 2 498
DOW JONES COM 260561105 13259 248405 SH SOLE 3 248405
DU PONT DE NEMOURS COM 263534109 5580 92236 SH SOLE 3 92236
DU PONT DE NEMOURS COM 263534109 126 2075 SH SOLE 2 2075
DUKE ENERGY CORP COM 264399106 6228 112987 SH SOLE 3 112987
DUKE ENERGY CORP COM 264399106 59 1078 SH SOLE 2 1078
DUN & BRADSTREET COM 26483B106 9580 320675 SH SOLE 3 320675
EASTMAN KODAK CO COM 277461109 3866 51116 SH SOLE 3 51116
EASTMAN KODAK CO COM 277461109 63 835 SH SOLE 2 835
ELDER BEERMAN COM 284470101 12445 1952169 SH SOLE 1952169
ELI LILLY & CO COM 532457108 2778 43276 SH SOLE 3 43276
EMERSON ELECTRIC CO COM 291011104 190 3000 SH SOLE 3000
EMERSON ELECTRIC CO COM 291011104 72 1147 SH SOLE 2 1147
ENESCO COM 292973104 1691 110000 SH SOLE 3 110000
EQUITY OFFICE PROPERTIES COM 294741103 1860 80000 SH SOLE 80000
EQUITY RESIDENTIAL PROPERTCOM 29476L107 1865 44000 SH SOLE 44000
EQUITY RESIDENTIAL PROPERTCOM 29476L107 18068 426379 SH SOLE 3 426379
ESTERLINE TECHNOLOGI COM 297425100 6272 398200 SH SOLE 398200
EXXON CORP COM 302290101 1398 18400 SH SOLE 18400
EXXON CORP CAP COM 302290101 16385 215598 SH SOLE 3 215598
EXXON CORP CAP COM 302290101 288 3796 SH SOLE 2 3796
FAMILY DOLLAR STORES COM 307000109 1373 65000 SH SOLE 3 65000
FANNIE MAE COM 313586109 10278 163956 SH SOLE 3 163956
FANNIE MAE COM 313586109 117 1870 SH SOLE 2 1870
FEDERATED DEPARTMENT COM 31410H101 113320 2593875 SH SOLE 2546575 47300
FEDERATED DEPARTMENT COM 31410H101 4420 101175 SH SOLE 3 101175
FERRO CORP COM 315405100 3476 163100 SH SOLE 163100
FIRSTENERGY CORP COM 337932107 97337 3845425 SH SOLE 3775925 69500
FLOWSERVE CORP COM 34354P105 5249 315700 SH SOLE 315700
FORD MOTOR CO COM 345370100 11812 235074 SH SOLE 3 235074
FORD MOTOR CO COM 345370100 126 2507 SH SOLE 2 2507
FORD MOTOR CO COM 345370100 110502 2199050 SH SOLE 2157450 41600
FORT JAMES CORP COM 347471104 48 1800 SH SOLE 2 1800
FORT JAMES CORP COM 347471104 81909 3069175 SH SOLE 3013975 55200
FRANKLIN COVEY CO COM 353469109 5116 665500 SH SOLE 665500
FREEPORT MCMORAN C&G CL B 35671D857 4669 300000 SH SOLE 3 300000
FREEPORT-MCMORAN C&G CL A 35671D105 14250 1027000 SH SOLE 3 150000 877000
FREMONT GEN CORP COM 357288109 2834 300300 SH SOLE 300300
FROZEN FOOD EXPRESS COM 359360104 2497 407600 SH SOLE 407600
GANNETT CO COM 364730101 5036 72785 SH SOLE 3 72785
GANNETT CO COM 364730101 66 960 SH SOLE 2 960
GARAN INC COM 364802108 3409 104500 SH SOLE 104500
GATX CORP COM 361448103 4215 135700 SH SOLE 135700
GBC BANCORP COM 361475106 1665 85910 SH SOLE 85910
GEN ELEC CO AMER COM 369604103 10039 84672 SH SOLE 3 84672
GEN ELEC CO AMER COM 369604103 602 5079 SH SOLE 2 5079
GEN MOTORS CORP COM 370442105 93 1478 SH SOLE 2 1478
GENCORP INC COM 368682100 5007 273400 SH SOLE 273400
GENERAL ELECTRIC CO. COM 369604103 59 500 SH SOLE 500
GENERAL MOTORS CORP. COM 370442105 108876 1729900 SH SOLE 1699700 30200
GENZYME CORP COM 372917104 1848 41000 SH SOLE 3 41000
GERALD STEVENS COM 37369G101 3919 279946 SH SOLE 279946
GILLETTE CO COM 375766102 83 2457 SH SOLE 2 2457
GILLETTE CO COM 375766102 5307 156375 SH SOLE 3 156375
GLATFELTER(PH)CO COM 377316104 1890 115000 SH SOLE 3 115000
GLOBAL IMAGING SYS COM 37934A100 12858 864398 SH SOLE 864398
GPU INC COM 36225X100 96232 2949625 SH SOLE 2893325 56300
GREENSTONE RES COM 39573W104 63 614500 SH SOLE 3 70000 544500
GTE CORP COM 362320103 118522 1541750 SH SOLE 1512850 28900
GTE CORP COM 362320103 161 2093 SH SOLE 2 2093
GTE CORP COM 362320103 52 680 SH SOLE 3 680
GULF INDONESIA RES COM 402284103 17261 1715417 SH SOLE 1715417
GULF INDONESIA RES COM 402284103 3106 308673 SH SOLE 3 308673
HARRIS CORP COM 413875105 66742 2416000 SH SOLE 2369800 46200
HARTFORD FINANCIAL COM 416515104 91426 2236725 SH SOLE 2196625 40100
HELEN OF TROY COM G4388N106 589 61200 SH SOLE 3 61200
HERSHEY FOODS COM 427866108 6428 132025 SH SOLE 3 132025
HEWLETT PACKARD COM 428236103 8198 90341 SH SOLE 3 90341
HEWLETT PACKARD COM 428236103 184 2025 SH SOLE 2 2025
HIGHWOODS PROPERTIES COM 431284108 1139 44000 SH SOLE 44000
HOMESTAKE MINING COM 437614100 17227 1875000 SH SOLE 3 125000 1750000
HOSPITALITY PROPERTIES COM 44106M102 954 43000 SH SOLE 43000
HOUSEHOLD INTERNATIO COM 441815107 1891 47122 SH SOLE 47122
HUDSON UNITED BANCOR COM 444165104 5029 163200 SH SOLE 163200
ICON ADR 45103T107 906 57500 SH SOLE 3 57500
INCO COM 453258402 428 20000 SH SOLE 3 20000
INTEL CORP COM 458140100 12282 165280 SH SOLE 3 165280
INTEL CORP COM 458140100 446 5995 SH SOLE 2 5995
INTL BUSINESS MCHN CO COM 459200101 12806 105836 SH SOLE 3 105836
INTL BUSINESS MCHN CO COM 459200101 379 3136 SH SOLE 2 3136
IONA TECHNOLOGIES ADR COM 46206P109 395 30700 SH SOLE 3 30700
ITT INDUSTRIES INC COM 450911102 75013 2357975 SH SOLE 2315975 42000
JABIL CIRCUIT COM 466313103 2195 44340 SH SOLE 3 44340
JDN REALTY CORP COM 465917102 6765 330000 SH SOLE 3 330000
JOHNSON & JOHNSON COM 478160104 13121 142809 SH SOLE 3 142809
JOHNSON & JOHNSON COM 478160104 218 2377 SH SOLE 2 2377
K MART CORP COM 482584109 2863 245000 SH SOLE 3 245000
KANSAS CITY SOUTHN I COM 485170104 249938 5375000 SH SOLE 5375000
KELLOGG COM COM 487836108 7236 193280 SH SOLE 3 193280
KENNAMETAL INC COM 489170100 4901 189400 SH SOLE 189400
KEYCORP COM 493267108 110134 4266675 SH SOLE 4188875 77800
KINDER MORGAN ENERGY COM 494550106 6622 152900 SH SOLE 3 152900
KMART CORP COM 482584109 106364 9100700 SH SOLE 8933800 166900
KOREA ELE POWER ADR 500631106 2076 129224 SH SOLE 129224
KOREA TELECOM ADR 50063P103 39998 1081038 SH SOLE 1081038
KOREA TELECOM ADR 50063P103 3980 107580 SH SOLE 3 107580
LAIDLAW INC COM 50730K503 1013 150000 SH SOLE 3 150000
LAM RESEARCH COM 512807108 10614 174000 SH SOLE 3 174000
LANCASTER COLONY COR COM 513847103 4362 136300 SH SOLE 136300
LASON INC COM 51808R107 10704 240360 SH SOLE 2 240360
LEVIATHAN GAS PIPELINE COM 527367205 4550 200000 SH SOLE 3 200000
LILLY(ELI)& CO COM 532457108 137 2132 SH SOLE 2 2132
LIZ CLAIBORNE INC COM 539320101 68984 2225275 SH SOLE 2184675 40600
LOCKHEED MARTIN CORP COM 539830109 105148 3216775 SH SOLE 3157475 59300
LUCENT TECHNOLOGIE COM 549463107 6648 102470 SH SOLE 3 102470
LUCENT TECHNOLOGIE COM 549463107 363 5596 SH SOLE 2 5596
MACK-CALI REALTY COM 554489104 804 30000 SH SOLE 30000
MBIA INC COM 55262C100 6225 133520 SH SOLE 3 133520
MBIA INC COM 55262C100 52 1108 SH SOLE 2 1108
MCDONALD'S CORP COM 580135101 9671 223600 SH SOLE 3 223600
MCDONALD'S CORP COM 580135101 132 3058 SH SOLE 2 3058
MCGRAW HILL COM 580645109 10049 207740 SH SOLE 3 207740
MCI WORLDCOM COM 55268B106 6579 91538 SH SOLE 3 91538
MCI WORLDCOM COM 55268B106 243 3374 SH SOLE 2 3374
MEAD CORP COM 582834107 67076 1951300 SH SOLE 1915200 36100
MEDIAONE GROUP COM 58440J104 5152 75420 SH SOLE 3 75420
MEDIAONE GROUP COM 58440J104 95 1394 SH SOLE 2 1394
MEDTRONIC INC COM 585055106 1801 50638 SH SOLE 3 50638
MEDTRONIC INC COM 585055106 100 2822 SH SOLE 2 2822
MELLON BANK CORP COM 585509102 1722 51200 SH SOLE 51200
MELLON BANK CORP COM 585509102 56 1671 SH SOLE 2 1671
MERCK & CO COM 589331107 27551 425082 SH SOLE 3 425082
MERCK & CO COM 589331107 270 4160 SH SOLE 2 4160
MERRILL LYNCH & CO COM 590188108 62 918 SH SOLE 2 918
MERRILL LYNCH & CO COM 590188108 14501 215225 SH SOLE 3 215225
MICROSOFT CORP COM 594918104 18648 205912 SH SOLE 3 205912
MICROSOFT CORP COM 594918104 803 8862 SH SOLE 2 8862
MINNESOTA MINING & MFG COM 604059105 7488 77948 SH SOLE 3 77948
MINNESOTA MINING & MFG COM 604059105 106 1102 SH SOLE 2 1102
MOBIL CORP COM 607059102 341 3380 SH SOLE 3380
MOBIL CORP COM 607059102 167 1655 SH SOLE 2 1655
MORGAN ST DEAN WITTER & COCOM 617446448 19164 214875 SH SOLE 3 214875
MORGAN ST DEAN WITTER &COCOM 617446448 106 1191 SH SOLE 2 1191
MORGAN(JP)& CO INC COM 616880100 26699 233690 SH SOLE 3 233690
MORGAN(JP)& CO INC COM 616880100 75 657 SH SOLE 2 657
MOTOROLA COM 620076109 9620 109322 SH SOLE 3 109322
MOTOROLA COM 620076109 128 1449 SH SOLE 2 1449
NABISCO GROUP HLDS COM 62952P102 5910 394000 SH SOLE 3 394000
NATIONAL DATA COM 635621105 2769 106500 SH SOLE 3 106500
NATIONAL PRESTO INDS COM 637215104 4438 114900 SH SOLE 114900
NATIONWIDE HEALTH COM 638620104 4830 290500 SH SOLE 3 290500
NATL SEMICONDUCTOR COM 637640103 2445 80000 SH SOLE 3 80000
NAUTICA ENTERPRISES COM 639089101 4149 257300 SH SOLE 257300
NET BANK INC COM 640933107 2350 106200 SH SOLE 3 106200
NEWMONT MINING COM 651639106 27586 1066125 SH SOLE 3 138000 928125
NEWPORT NEWS SHIPBUI COM 652228107 4718 146000 SH SOLE 146000
NORTH FORK BANCORP COM 659424105 878 45000 SH SOLE 3 45000
NOVELLUS SYSTEMS COM 670008101 3665 54350 SH SOLE 3 54350
NTHN STATES POWER COM 665772109 3510 162800 SH SOLE 3 162800
NTHN STATES POWER COM 665772109 57 2626 SH SOLE 2 2626
NUCOR CORP COM 670346105 102169 2145275 SH SOLE 2105175 40100
NUTRACEUTICAL COM 67060Y101 2008 518287 SH SOLE 518287
OCCIDENTAL PETROLEUM COM 674599105 98481 4258625 SH SOLE 4180525 78100
ORACLE CORP COM 68389X105 9115 200326 SH SOLE 3 200326
ORACLE CORP COM 68389X105 136 2981 SH SOLE 2 2981
ORACLE CORP COM 68389X105 20 450 SH SOLE 450
ORION CAPITAL COM 686268103 4027 85000 SH SOLE 3 85000
PARAGON TRADE BRANDS COM 69912K107 14 65000 SH SOLE 3 65000
PAREXEL INTL CP COM 699462107 338 37000 SH SOLE 3 37000
PARKER HANNIFIN CORP COM 701094104 106518 2376975 SH SOLE 2332375 44600
PECO ENERGY CO COM 693304107 11625 310000 SH SOLE 3 310000
PEOPLES ENERGY CORP COM 711030106 3206 91100 SH SOLE 91100
PEOPLES ENERGY CORP COM 711030106 16 444 SH SOLE 2 444
PEOPLES HERITAGE FIN COM 711147108 4776 287300 SH SOLE 287300
PEOPLESOFT INC COM 712713106 850 50168 SH SOLE 2 50168
PEPSI BOTTLING GRP COM 713409100 3702 216950 SH SOLE 3 216950
PEPSICO INC CAP COM 713448108 5802 190220 SH SOLE 3 190220
PEPSICO INC CAP COM 713448108 97 3181 SH SOLE 2 3181
PFIZER INC COM 717081103 32 900 SH SOLE 900
PFIZER INC COM 717081103 250 6977 SH SOLE 2 6977
PHELPS DODGE CORP COM 717265102 606 11000 SH SOLE 3 11000
PHELPS DODGE CORP COM 717265102 96958 1760875 SH SOLE 1728675 32200
PHILIP MORRIS COS COM 718154107 92568 2707650 SH SOLE 2659650 48000
PHILIP MORRIS COS COM 718154107 8418 246219 SH SOLE 3 246219
PHILIP MORRIS COS COM 718154107 153 4481 SH SOLE 2 4481
PHILIPPINE LONG ADR 718252604 32623 1499913 SH SOLE 1499913
PHILLIPS PETROLEUM COM 718507106 89908 1844275 SH SOLE 1810275 34000
PHILLIPS PETROLEUM COM 718507106 55 1132 SH SOLE 2 1132
PLACER DOME INC COM 725906101 9371 630000 SH SOLE 3 30000 600000
PLATINUM ENT COM 727909103 96 23206 SH SOLE 23206
PNC BANK CORP COM 693475105 16044 304520 SH SOLE 3 304520
POHANG IRON COM 730450103 12634 403481 SH SOLE 403481
PPG INDS INC ADR 693506107 54 900 SH SOLE 2 900
PPG INDS INC COM 693506107 102633 1710550 SH SOLE 1678850 31700
PROCTER & GAMBLE COM 742718109 8099 86388 SH SOLE 3 86388
PROCTER & GAMBLE COM 742718109 208 2223 SH SOLE 2 2223
PROMUS HOTEL CORP COM 74342P106 73907 2269700 SH SOLE 2227400 42300
PT TELKOMUNIKASI ADR 715684106 3035 437500 SH SOLE 437500
PUBLIC STORAGE COM 74460D109 1436 57000 SH SOLE 57000
PUBLIC STORAGE - SERIES I COM 74460D844 13650 600000 SH SOLE 600000
QUANTUM-DLT & STOR COM 747906204 1406 100000 SH SOLE 3 100000
QUANTUM-HARD DISC COM 747906303 372 50000 SH SOLE 3 50000
QUEENS COUNTY BANC COM 748242104 466 16875 SH SOLE 3 16875
QUINTILES TRANSNAT COM 748767100 22 1139 SH SOLE 2 1139
QUINTILES TRANSNAT COM 748767100 390 20500 SH SOLE 3 20500
R.O.C. TAIWAN FUND UNITS COM 749651105 1726 234100 SH SOLE 3 234100
RELIASTAR FINANCIAL COM 75952U103 2188 65800 SH SOLE 65800
RICHFOOD HLDGS WT 763408119 66 117328 SH SOLE 117328
RJ REYNOLDS TOBACCO COM 76182K105 1449 53666 SH SOLE 3 53666
RJ REYNOLDS TOBACCO COM 76182K105 85049 3149973 SH SOLE 3091073 58900
ROCKWELL INTL CORP COM 773903109 457 8700 SH SOLE 8700
ROCKWELL INTL CORP COM 773903109 47 900 SH SOLE 2 900
ROHM & HAAS CO COM 775371107 95889 2654375 SH SOLE 2605475 48900
ROYAL GOLD COM 780287108 4360 872000 SH SOLE 3 72000 800000
SAFEWAY INC COM 786514208 17 450 SH SOLE 450
SAFEWAY INC COM 786514208 1037 27250 SH SOLE 3 27250
SAFEWAY INC COM 786514208 13 338 SH SOLE 2 338
SARA LEE COM 803111103 5299 226710 SH SOLE 3 226710
SBC COMMUNICATIONS COM 78387G103 119513 2340525 SH SOLE 2299525 41000
SBC COMMUNICATIONS COM 78387G103 12003 235063 SH SOLE 3 235063
SBC COMMUNICATIONS COM 78387G103 192 3753 SH SOLE 2 3753
SCHLUMBERGER COM 806857108 735 11800 SH SOLE 3 11800
SCHLUMBERGER COM 806857108 105 1682 SH SOLE 2 1682
SCHWAB (CHARLES) COM 808513105 10459 312780 SH SOLE 3 312780
SCHWAB (CHARLES) COM 808513105 59 1769 SH SOLE 2 1769
SEAGATE TECHNOLOGY COM 811804103 10246 334567 SH SOLE 3 334567
SEAGRAM COM 811850106 8459 185910 SH SOLE 3 185910
SEALED AIR CORP COM 81211K100 204 3966 SH SOLE 3966
SEALED AIR CORP COM 81211K100 15 301 SH SOLE 2 301
SEARS, ROEBUCK AND C COM 812387108 82694 2635650 SH SOLE 2585350 50300
SENSORMATIC ELEC COM 817265101 5088 401000 SH SOLE 3 401000
SIERRA PACIFIC RESOU COM 826428104 3039 136564 SH SOLE 136564
SIMON PROPERTY GROUP COM 828806109 5675 252907 SH SOLE 3 252907
SIMON PROPERTY GROUP COM 828806109 1503 67000 SH SOLE 67000
SLM HOLDING CORP COM 78442A109 768 17850 SH SOLE 17850
SMART MODULAR TECH COM 831690102 1022 30000 SH SOLE 3 30000
SOVEREIGN BANCORP IN COM 845905108 77230 8492650 SH SOLE 8344350 148300
SPRINT CORP COM 852061100 87880 1619900 SH SOLE 1592100 27800
SPRINT CORP (PCS GROUP) COM 852061506 5164 69252 SH SOLE 3 69252
SPRINT CORP (PCS GROUP) COM 852061506 768 10300 SH SOLE 10300
SPRINT CORPFON GROUP COM 852061100 101 1864 SH SOLE 2 1864
STARWOOD HOTELS & RESORTS COM 85590A203 647 29000 SH SOLE 29000
STEELCASE INC. COM 858155203 3854 276500 SH SOLE 276500
STILLWATER MINING COM 86074Q102 23771 884500 SH SOLE 3 134500 750000
SUPERIOR INDUSTRIES COM 868168105 5242 187200 SH SOLE 187200
SYMANTEC CORP COM 871503108 4939 137300 SH SOLE 137300
TECUMSEH PRODUCTS CO COM 878895200 4727 94300 SH SOLE 94300
TENNECO INC COM 88037E101 71572 4210125 SH SOLE 4131225 78900
TEXACO INC COM 881694103 8838 140000 SH SOLE 3 140000
TEXACO INC COM 881694103 107 1694 SH SOLE 2 1694
TIME WARNER COM 887315109 17408 286555 SH SOLE 3 286555
TIME WARNER COM 887315109 147 2412 SH SOLE 2 2412
TOYS'R'US COM 892335100 4204 280270 SH SOLE 3 280270
TRANSACTION SYSTEM CL A 893416107 673 25000 SH SOLE 3 25000
TRANSOCEAN OFFSHORE COM G90076103 499 16300 SH SOLE 3 16300
TRIAD HOSPITALS INC COM 89579K109 3112 307400 SH SOLE 307400
TRINET REALTY COM 896287109 691 29000 SH SOLE 29000
TRW INC COM 872649108 103351 2077400 SH SOLE 2037000 40400
TYCO INTERNATIONAL L COM 902124106 39 380 SH SOLE 380
TYCO INTERNATIONAL COM 902124106 175 1695 SH SOLE 2 1695
U.S. BANCORP COM 902973106 326 10800 SH SOLE 10800
ULTRAMAR DIAMOND SHA COM 904000106 5556 217900 SH SOLE 217900
UNICOM CORP COM 904911104 9290 251500 SH SOLE 3 251500
UNION PLANTERS CORP COM 908068109 67030 1644900 SH SOLE 1614100 30800
UNISYS COM 909214108 4964 110000 SH SOLE 3 110000
UNITED TECHNOLOGIES COM 913017109 74402 1254400 SH SOLE 1231000 23400
US BANCORP COM 902973106 93 3065 SH SOLE 2 3065
US WEST INC COM 91273H101 128209 2246825 SH SOLE 2204425 42400
UST CORP COM 902900109 9379 305000 SH SOLE 3 305000
USX-MARATHON GROUP COM 902905827 234 8000 SH SOLE 8000
USX-MARATHON GROUP COM 902905827 2925 100000 SH SOLE 3 100000
UTD TECHNOLOGIES COM 913017109 250 4223 SH SOLE 2 4223
V F CORP COM 918204108 111950 3611300 SH SOLE 3544500 66800
V F CORP COM 918204108 73 2341 SH SOLE 2 2341
VIACOM INC CLASS CL B 925524308 16344 386850 SH SOLE 3 386850
VISHAY INTERTECHNOLOGY COM 928298108 3881 163406 SH SOLE 3 163406
VORNADO REALTY COM 929042109 1008 31000 SH SOLE 31000
WAL-MART STORES COM 931142103 378 7937 SH SOLE 2 7937
WAL-MART STORES COM 931142103 3966 83384 SH SOLE 3 83384
WALT DISNEY CO COM 254687106 18205 700210 SH SOLE 3 700210
WALT DISNEY CO COM 254687106 120 4606 SH SOLE 2 4606
WASHINGTON MUTUAL IN COM 939322103 107421 3672525 SH SOLE 3605525 67000
WASHINGTON MUTUAL IN COM 939322103 14 463 SH SOLE 2 463
WASTE MANAGEMENT COM 94106L109 770 40000 SH SOLE 3 40000
WASTE MANAGEMENT COM 94106L109 6 298 SH SOLE 2 298
WD 40 CO COM 929236107 2722 116300 SH SOLE 116300
WELLMAN COM 949702104 1806 100000 SH SOLE 3 100000
WEYERHAEUSER COM 962166104 7524 130565 SH SOLE 3 130565
WORTHINGTON INDUSTRIES COM 981811102 3825 225000 SH SOLE 3 225000
XEROX CORP COM 984121103 1283 30600 SH SOLE 30600
XEROX CORP COM 984121103 90 2153 SH SOLE 2 2153
XILINX INC COM 983919101 1088 16600 SH SOLE 3 16600
GRAND TOTAL 6998632
</TABLE>
