FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 August 13, 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 369
Form 13F Information Table Value Total: $11,189,763,046
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
NAME OF ISSUER
TITLE OF CLASS
CUSIP
VALUE
PRN AMT
PRN
CALL
DSCRETN
MANAGERS
SOLE
SHARED
NONE
AK STEEL HOLDING COR
Common Stock
001547108
1732500
77000
SH
SOLE
77000
AT & T
Common Stock
001957109
16480407
295279
SH
SOLE
3
295279
AT&T CORP
Common Stock
001957109
70070431
1255450
SH
SOLE
1236150
19300
AT&T CORPCOM USD1
Common Stock
001957109
60445
1083
SH
SOLE
2
1083
ABBOTT LABS
Common Stock
002824100
7744514
170678
SH
SOLE
3
170678
ABBOTT LABSCOM NPV
Common Stock
002824100
30492
672
SH
SOLE
2
672
ADAPTEC INC
Common Stock
00651F108
8676404
245700
SH
SOLE
3
245700
ADAPTEC INC
Common Stock
00651F108
113553366
3215625
SH
SOLE
3168825
46800
ADVANCED MICRO DEV
Common Stock
007903107
3251250
180000
SH
SOLE
3
180000
AETNA INC
Common Stock
008117103
107736299
1204592
SH
SOLE
1186492
18100
AETNA INC.
Common Stock
008117103
6838429
76460
SH
SOLE
3
76460
ALBERTSON'S
Common Stock
013104104
5203223
100911
SH
SOLE
3
100911
ALCAN ALUMINIUM
Common Stock
013716105
1756563
55000
SH
SOLE
3
55000
ALLIANT TECHSYSTEMS
Common Stock
018804104
1392650
16100
SH
SOLE
16100
AMER EXPRESS COCOM USD0.60
Common Stock
025816109
29408
226
SH
SOLE
2
226
AMERICAN EXPRESS
Common Stock
025816109
15166069
116550
SH
SOLE
3
116550
AMERICAN FINANCIAL G
Common Stock
025932104
67167978
1971875
SH
SOLE
1945075
26800
AMERICAN GENERAL COR
Common Stock
026351106
73726172
978125
SH
SOLE
963625
14500
AMER INTL GRPCOM USD2.50
Common Stock
026874107
44086
470
SH
SOLE
2
470
AMERICAN INTL
Common Stock
026874107
4097278
43681
SH
SOLE
3
43681
AMGEN
Common Stock
031162100
5572924
91547
SH
SOLE
3
91547
ANGLOGOLD
Common Stock
035128206
13330000
620000
SH
SOLE
3
620000
ANHEUSER BUSCH
Common Stock
035229103
11929998
168175
SH
SOLE
3
168175
ANHEUSER BUSCH COS I
Common Stock
035229103
1021507
14400
SH
SOLE
14400
APPLIED MATERIALS
Common Stock
038222105
14648083
198282
SH
SOLE
3
198282
ASHLAND INC.
Common Stock
044204105
122956041
3064325
SH
SOLE
3019025
45300
ASIA PULP & PAPER
Common Stock
04516V100
2234925
232200
SH
SOLE
2
232200
ASTORIA FINANCIAL
Common Stock
046265104
439375
10000
SH
SOLE
3
10000
ATLANTIC RICHFIELDCOM USD2.50
Common Stock
048825103
124123738
1485400
SH
SOLE
2
1485400
ATMEL
Common Stock
049513104
9026831
344700
SH
SOLE
3
344700
BANCTEC INC
Common Stock
059784108
859230
47900
SH
SOLE
47900
BANK OF AMERICA CORP
Common Stock
060505104
164405994
2242537
SH
SOLE
2210537
32000
BK OF AMERICA CP
Common Stock
060505104
10119618
138034
SH
SOLE
3
138034
BK OF AMERICA CPCOM USD0.01
Common Stock
060505104
48313
659
SH
SOLE
2
659
BK ONE CORP
Common Stock
06423A103
10928706
183483
SH
SOLE
3
183483
BK ONE CORPCOM USD0.01
Common Stock
06423A103
33772
567
SH
SOLE
2
567
BAXTER INTERNATIONAL
Common Stock
071813109
842688
13900
SH
SOLE
13900
BEAR STEARNS COS
Common Stock
073902108
4967842
106264
SH
SOLE
3
106264
BELL ATLANTIC
Common Stock
077853109
29947045
458081
SH
SOLE
3
458081
BELL ATLANTIC CORP
Common Stock
077853109
163563347
2501925
SH
SOLE
2465325
36600
BELL ATLANTIC CORPCOM USD0.10
Common Stock
077853109
43409
664
SH
SOLE
2
664
BESTFOODS
Common Stock
08658U101
5982075
120850
SH
SOLE
3
120850
BLACK HILLS CORP
Common Stock
092113109
920375
39800
SH
SOLE
39800
BOEING
Common Stock
097023105
9338780
212245
SH
SOLE
3
212245
BOEING CO
Common Stock
097023105
32120
730
SH
SOLE
730
BOEING COCOM USD5
Common Stock
097023105
27456
624
SH
SOLE
2
624
BRISTOL MYERS SQUIBB
Common Stock
110122108
2423067
34400
SH
SOLE
34400
BRISTOL-MYRS SQUIB
Common Stock
110122108
6067177
86135
SH
SOLE
3
86135
BRISTOL-MYRS SQUIBCOM USD0.10
Common Stock
110122108
49659
705
SH
SOLE
2
705
BROWN FORMAN
Common Stock
115637209
5270409
80850
SH
SOLE
3
80850
BRUNSWICK CORP
Common Stock
117043109
102855963
3689900
SH
SOLE
3638300
51600
BURLINGTN NTH SANTCOM NPV
Common Stock
12189T104
23312
752
SH
SOLE
2
752
BURLINGTON NORTHERN
Common Stock
12189T104
126062275
4066525
SH
SOLE
4006825
59700
CCB FINANCIAL CORP
Common Stock
124875105
803700
15200
SH
SOLE
15200
CIGNA CORP
Common Stock
125509109
135801540
1525860
SH
SOLE
1504060
21800
CSX CORP
Common Stock
126408103
153056681
3373150
SH
SOLE
3325350
47800
CALLAWAY GOLF
Common Stock
131193104
6025500
412000
SH
SOLE
3
412000
CAMBRIDGE TECHN
Common Stock
132524109
351250
20000
SH
SOLE
3
20000
CARDINAL HEALTH INC
Common Stock
14149Y108
221937
3461
SH
SOLE
3461
CAROLINA FIRST
Common Stock
143877108
4542281
186350
SH
SOLE
3
186350
CATELLUS DEVELOPMENT CORP
Common Stock
149111106
854000
56000
SH
SOLE
56000
CATERPILLAR
Common Stock
149123101
7010340
116839
SH
SOLE
3
116839
CENTERPOINT PROPERTIES
Common Stock
151895109
1501625
41000
SH
SOLE
41000
CENTRAL NEWSPAPERS -
Common Stock
154647101
1263750
33700
SH
SOLE
33700
CENTURY BUSINESS SERVICES
Common Stock
156490104
25892853
1785714
SH
SOLE
1785714
CHAMPION ENTERPRISES
Common Stock
158496109
1286988
69100
SH
SOLE
69100
CHARTER ONE FIN INC
Common Stock
160903100
141771483
5097310
SH
SOLE
5021810
75500
CHARTER ONE FINANCIAL
Common Stock
160903100
2048956
73669
SH
SOLE
3
73669
CHASE MANHATTAN
Common Stock
16161A108
33632325
388813
SH
SOLE
3
388813
CHASE MANHATTAN CORP
Common Stock
16161A108
159512488
1844075
SH
SOLE
1817375
26700
CHASE MANHATTAN CPCOM USD1
Common Stock
16161A108
30708
355
SH
SOLE
2
355
CHATEAU COMMUNITIES
Common Stock
161726104
6468177
216056
SH
SOLE
3
216056
CHATEAU COMMUNITIES
Common Stock
161726104
1227438
41000
SH
SOLE
41000
CHELSEA GCA REALTY
Common Stock
163262108
6207300
167200
SH
SOLE
3
167200
CHELSEA GCA REALTY PARTNER
Common Stock
163262108
965250
26000
SH
SOLE
26000
CHEVRON
Common Stock
166751107
9325300
98096
SH
SOLE
3
98096
CHEVRON CORP
Common Stock
166751107
108649879
1142925
SH
SOLE
1126925
16000
CHEVRON CORPCOM USD1.5
Common Stock
166751107
34318
361
SH
SOLE
2
361
CISCO SYSTEMS
Common Stock
17275R102
4546745
70560
SH
SOLE
3
70560
CISCO SYSTEMS INC
Common Stock
17275R102
46395
720
SH
SOLE
720
CISCO SYSTEMSCOM USD0.001
Common Stock
17275R102
68820
1068
SH
SOLE
2
1068
CITIGROUP INC
Common Stock
172967101
22691748
477721
SH
SOLE
3
477721
CITIGROUP INCCOM USD0.01
Common Stock
172967101
56050
1180
SH
SOLE
2
1180
CLEVELAND CLIFFS INC
Common Stock
185896107
1732063
53500
SH
SOLE
53500
CLOROX
Common Stock
189054109
5492299
51420
SH
SOLE
3
51420
COCA COLA
Common Stock
191216100
12953474
208927
SH
SOLE
3
208927
COCA-COLA COCOM USD0.25
Common Stock
191216100
54250
875
SH
SOLE
2
875
COINMACH LAUNDRY CORP CLASS B
Common Stock
19259L101
3049111
240324
SH
SOLE
240324
COLGATE PALMOLIVE
Common Stock
194162103
7340713
74525
SH
SOLE
3
74525
COLUMBIA HCA HEALTHC
Common Stock
197677107
137128943
6011000
SH
SOLE
5920000
91000
COLUMBIA SPORTSWEAR
Common Stock
198516106
1459088
94900
SH
SOLE
94900
COMMUNITY FIRST BANCSHARE
Common Stock
203902101
477500
20000
SH
SOLE
3
20000
COMPAQ COMPUTER CP
Common Stock
204493100
9035597
381450
SH
SOLE
3
381450
COMPAQ COMPUTER CPCOM USD0.01
Common Stock
204493100
15326
647
SH
SOLE
2
647
COMPUTER ASS INTLCOM USD0.10
Common Stock
204912109
15768
288
SH
SOLE
2
288
COMPUTER ASSOCIATES
Common Stock
204912109
182919750
3341000
SH
SOLE
3292000
49000
CONEXANT SYSTEMS INC
Common Stock
207142100
252574
4350
SH
SOLE
4350
COOPER INDUSTRIES IN
Common Stock
216669101
109073900
2097575
SH
SOLE
2067575
30000
COTT
Common Stock
22163N106
1377500
380000
SH
SOLE
3
380000
COUSINS PROPERTIES
Common Stock
222795106
3719375
110000
SH
SOLE
3
110000
CROWN RESOURCES
Common Stock
228569109
1056250
650000
SH
SOLE
3
600000
50000
CULLEN FROST BANKERS
Common Stock
229899109
275625
10000
SH
SOLE
3
10000
DATA GENERAL CORP
Common Stock
237688106
6215275
426800
SH
SOLE
3
426800
DEVON ENERGY CORPCOM USD0.10
Common Stock
251799102
1629469
45500
SH
SOLE
2
45500
DIEBOLD
Common Stock
253651103
3188375
110900
SH
SOLE
3
110900
DIME BANCORP INC
Common Stock
25429Q102
2929093
145545
SH
SOLE
3
145545
WALT DISNEY CO
Common Stock
254687106
18428587
598088
SH
SOLE
3
598088
DOW CHEMICAL
Common Stock
260543103
119199063
939500
SH
SOLE
925600
13900
DOW JONES
Common Stock
260561105
10916283
205725
SH
SOLE
3
205725
DU PONT DE NEMOURS
Common Stock
263534109
7848628
114893
SH
SOLE
3
114893
DU PONT DE NEMOURSCOM USD0.30
Common Stock
263534109
33951
497
SH
SOLE
2
497
DUKE ENERGY
Common Stock
264399106
4483962
82369
SH
SOLE
3
82369
DUN & BRADSTREET C
Common Stock
26483B106
9266906
261500
SH
SOLE
3
261500
EASTMAN KODAK CO
Common Stock
277461109
3591360
53009
SH
SOLE
3
53009
Elder Beerman Common Stock
Common Stock
284470101
13154665
1844974
SH
SOLE
1844974
EMERSON ELECTRIC CO
Common Stock
291011104
258046
4100
SH
SOLE
4100
ENESCO
Common Stock
292973104
2543750
110000
SH
SOLE
3
110000
EQUITY OFFICE PROPERTIES
Common Stock
294741103
2050000
80000
SH
SOLE
80000
EQUITY RESIDENTIAL
Common Stock
29476L107
19384761
430175
SH
SOLE
3
430175
EQUITY RESIDENTIAL PROPERTY
Common Stock
29476L107
1982750
44000
SH
SOLE
44000
ESTERLINE TECHNOLOGI
Common Stock
297425100
1942063
135100
SH
SOLE
135100
EXECUTIVE RISK INC
Common Stock
301586103
1275938
15000
SH
SOLE
3
15000
EXXON CORP
Common Stock
302290101
17280088
224053
SH
SOLE
3
224053
EXXON CORP
Common Stock
302290101
1419100
18400
SH
SOLE
18400
EXXON CORPCAP NPV
Common Stock
302290101
65788
853
SH
SOLE
2
853
FAMILY DOLLAR STORES
Common Stock
307000109
1560000
65000
SH
SOLE
3
65000
FANNIE MAE
Common Stock
313586109
4058896
59471
SH
SOLE
3
59471
FANNIE MAECOM NPV
Common Stock
313586109
31600
463
SH
SOLE
2
463
FEDERATED DEPARTMENT
Common Stock
31410H101
163443428
3087450
SH
SOLE
3042650
44800
FEDERATED DEPT STO
Common Stock
31410H101
5554837
104931
SH
SOLE
3
104931
FERRO CORP
Common Stock
315405100
1281500
46600
SH
SOLE
46600
FIRSTENERGY CORP
Common Stock
337932107
147599525
4761275
SH
SOLE
4695475
65800
FLOWSERVE CORPORATIO
Common Stock
34354P105
1444969
76300
SH
SOLE
76300
FORD MOTOR CO
Common Stock
345370100
13417796
237744
SH
SOLE
3
237744
FORD MOTOR COCOM USD1
Common Stock
345370100
28671
508
SH
SOLE
2
508
FORD MOTOR COMPANY
Common Stock
345370100
121131468
2146275
SH
SOLE
2114775
31500
FORT JAMES CORPCOM USD0.10
Common Stock
347471104
68175
1800
SH
SOLE
2
1800
FORT JAMES CORPORATI
Common Stock
347471104
143865347
3798425
SH
SOLE
3743225
55200
FRANKLIN COVEY CO
Common Stock
353469109
1226463
166300
SH
SOLE
166300
FREEPORT-MCMOR C&G
Common Stock
35671D105
16867250
1007000
SH
SOLE
3
130000
877000
FREEPORT-MCMOR C&G
Common Stock
35671D600
2391000
150000
SH
SOLE
3
150000
FREEPORT MCMORAN COPPER & GOLD
Common Stock
35671D857
5381250
300000
SH
SOLE
3
300000
FREMONT GEN CORP
Common Stock
357288109
1536425
81400
SH
SOLE
81400
FROZEN FOOD EXPRESS
Common Stock
359360104
1197125
157000
SH
SOLE
157000
GATX CORP
Common Stock
361448103
1568196
41200
SH
SOLE
41200
GBC BANCORP
Common Stock
361475106
536625
26500
SH
SOLE
26500
GPU INC
Common Stock
36225X100
140042011
3319475
SH
SOLE
3271275
48200
GTE CORP
Common Stock
362320103
162306125
2149750
SH
SOLE
2117850
31900
GTE CORPCOM USD0.05
Common Stock
362320103
39638
525
SH
SOLE
2
525
GANNETT CO
Common Stock
364730101
5390311
75521
SH
SOLE
3
75521
GARAN INC
Common Stock
364802108
1191838
37100
SH
SOLE
37100
GENCORP INC
Common Stock
368682100
2078075
82300
SH
SOLE
82300
GEN ELEC CO AMER
Common Stock
369604103
10037225
88825
SH
SOLE
3
88825
GEN ELEC CO AMERCOM USD0.16
Common Stock
369604103
116616
1032
SH
SOLE
2
1032
GENERAL ELECTRIC CO.
Common Stock
369604103
56500
500
SH
SOLE
500
GEN MOTORS CORPCOM USD1 2/3
Common Stock
370442105
18942
287
SH
SOLE
2
287
GENERAL MOTORS CORP.
Common Stock
370442105
146346750
2217375
SH
SOLE
2184575
32800
GENZYME CORP
Common Stock
372917104
1988500
41000
SH
SOLE
3
41000
GERALD STEVENS
Common Stock
37369G101
2488417
207368.1
SH
SOLE
207368.1
GILLETTE
Common Stock
375766102
5313805
129605
SH
SOLE
3
129605
GILLETTE COCOM USD1
Common Stock
375766102
19393
473
SH
SOLE
2
473
GLATFELTER(PH)CO
Common Stock
377316104
1681875
115000
SH
SOLE
3
115000
GLOBAL IMAGING SYSTEMS
Common Stock
37934A100
18375894
1006898
SH
SOLE
1006898
GULF INDONESIA RES
Common Stock
402284103
17210900
1496600
SH
SOLE
2
1496600
GULF INDONESIA RES
Common Stock
402284103
3671053
319222
SH
SOLE
3
319222
HARRIS CORP
Common Stock
413875105
119217734
3042200
SH
SOLE
2996000
46200
HARTFORD FINANCIAL S
Common Stock
416515104
141025617
2418425
SH
SOLE
2383825
34600
HERSHEY FOODS
Common Stock
427866108
6621797
111525
SH
SOLE
3
111525
HEWLETT PACKARD
Common Stock
428236103
9412026
93652
SH
SOLE
3
93652
HEWLETT PACKRD COCOM USD0.01
Common Stock
428236103
40904
407
SH
SOLE
2
407
HIGHWOODS PROPERTIES
Common Stock
431284108
1207250
44000
SH
SOLE
44000
HOSPITALITY PROPERTIES TRUST
Common Stock
44106M102
1166375
43000
SH
SOLE
43000
HOUSEHOLD INTERNATIO
Common Stock
441815107
2232405
47122
SH
SOLE
47122
HUDSON UNITED BANCOR
Common Stock
444165104
1480900
47200
SH
SOLE
47200
ITT INDUSTRIES INC
Common Stock
450911102
110511031
2898650
SH
SOLE
2860650
38000
ICON
Common Stock
45103T107
1128438
57500
SH
SOLE
3
57500
INTEL CORP
Common Stock
458140100
10223052
171816
SH
SOLE
3
171816
INTEL CORPCOM USD0.001
Common Stock
458140100
66283
1114
SH
SOLE
2
1114
INTERNATIONAL BUSINE
Common Stock
459200101
115572119
894175
SH
SOLE
880975
13200
INTL BUSINESS MCHN
Common Stock
459200101
14095747
109058
SH
SOLE
3
109058
INTL BUSINESS MCHNCOM USD0.20
Common Stock
459200101
82720
640
SH
SOLE
2
640
IONA TECHNOLOGIES
Common Stock
46206P109
487363
30700
SH
SOLE
3
30700
JDN REALTY CORP
Common Stock
465917102
7383750
330000
SH
SOLE
3
330000
JABIL CIRCUIT
Common Stock
466313103
2000843
44340
SH
SOLE
3
44340
JOHNSON & JOHNSON
Common Stock
478160104
12606720
128640
SH
SOLE
3
128640
JOHNSON & JOHNSONCOM USD1
Common Stock
478160104
47040
480
SH
SOLE
2
480
K MART CORP
Common Stock
482584109
4042500
245000
SH
SOLE
3
245000
KMART CORP
Common Stock
482584109
172073550
10428700
SH
SOLE
10276700
152000
KANSAS CITY SOUTHN I
Common Stock
485170104
342994875
5375000
SH
SOLE
5375000
KELLOGG
Common Stock
487836108
5304915
160755
SH
SOLE
3
160755
KENNAMETAL INC
Common Stock
489170100
1711200
55200
SH
SOLE
55200
KEYCORP
Common Stock
493267108
142354709
4431275
SH
SOLE
4367475
63800
KINDER MORGAN ENERGY
Common Stock
494550106
5657300
152900
SH
SOLE
3
152900
Korea Elec Power ADR
Common Stock
500631106
1789650
87300
SH
SOLE
2
87300
KOREA TELECOM
Common Stock
50063P103
40448600
1011215
SH
SOLE
2
1011215
KOREA TELECOM
Common Stock
50063P103
2400000
60000
SH
SOLE
3
60000
LAM RESEARCH
Common Stock
512807108
8123625
174000
SH
SOLE
3
174000
LANCASTER COLONY COR
Common Stock
513847103
1628400
47200
SH
SOLE
47200
LASON INCCOM USD0.01
Common Stock
51808R107
11927865
240360
SH
SOLE
2
240360
LEVIATHAN GAS PIPELINE
Common Stock
527367205
4725000
200000
SH
SOLE
3
200000
ELI LILLY & CO
Common Stock
532457108
3213671
44868
SH
SOLE
3
44868
LILLY(ELI)& COCOM NPV
Common Stock
532457108
28077
392
SH
SOLE
2
392
LIZ CLAIBORNE INC
Common Stock
539320101
104769600
2870400
SH
SOLE
2829800
40600
LOCKHEED MARTIN CORP
Common Stock
539830109
155725488
4180550
SH
SOLE
4118350
62200
LUCENT TECHNOLOGIE
Common Stock
549463107
7177508
106432
SH
SOLE
3
106432
LUCENT TECHNOLOGIECOM USD0.01
Common Stock
549463107
66156
981
SH
SOLE
2
981
MBIA INC
Common Stock
55262C100
4250190
65640
SH
SOLE
3
65640
MCI WORLDCOM
Common Stock
55268B106
6208549
72140
SH
SOLE
3
72140
MCI WORLDCOM INCCOM USD0.01
Common Stock
55268B106
53015
616
SH
SOLE
2
616
MACK-CALI CORPORATION
Common Stock
554489104
928125
30000
SH
SOLE
30000
MCDONALD'S CORP
Common Stock
580135101
7669813
186500
SH
SOLE
3
186500
MCDONALD'S CORPCOM USD0.01
Common Stock
580135101
24798
603
SH
SOLE
2
603
MCGRAW HILL
Common Stock
580645109
9382428
173950
SH
SOLE
3
173950
MEAD CORP
Common Stock
582834107
141524150
3389800
SH
SOLE
3338800
51000
MEDITRUST
Common Stock
58501T306
3429546
262549
SH
SOLE
3
262549
MEDTRONIC INC
Common Stock
585055106
1971717
25319
SH
SOLE
3
25319
MEDTRONIC INCCOM USD0.10
Common Stock
585055106
22506
289
SH
SOLE
2
289
MELLON BANK CORP
Common Stock
585509102
1862400
51200
SH
SOLE
51200
MERCK & CO
Common Stock
589331107
39019630
529978
SH
SOLE
3
529978
MERCK & CO INCCOM NPV
Common Stock
589331107
57648
783
SH
SOLE
2
783
MERRILL LYNCH
Common Stock
590188108
14240438
179125
SH
SOLE
3
179125
MERRILL LYNCH & COCOM USD1.333
Common Stock
590188108
14390
181
SH
SOLE
2
181
MICROSOFT
Common Stock
594918104
19244299
213381
SH
SOLE
3
213381
MICROSOFT CORPCOM USD0.0000125
Common Stock
594918104
146284
1622
SH
SOLE
2
1622
MINNESOTA MINING & MFG
Common Stock
604059105
7022898
80781
SH
SOLE
3
80781
MINNESOTA MNG&MFGCOM NPV
Common Stock
604059105
25212
290
SH
SOLE
2
290
MOBIL CORP
Common Stock
607059102
383150
3880
SH
SOLE
3880
MOBIL CORPCOM USD1
Common Stock
607059102
38216
387
SH
SOLE
2
387
MORGAN(JP)& CO INC
Common Stock
616880100
31254647
222453
SH
SOLE
3
222453
MORGAN(JP)& CO INCCOM USD2.50
Common Stock
616880100
27257
194
SH
SOLE
2
194
MORGAN ST DEAN WITTER & CO
Common Stock
617446448
18251343
177845
SH
SOLE
3
177845
MORGAN STANLEY D.WCOM USD0.01
Common Stock
617446448
24014
234
SH
SOLE
2
234
MOTOROLA
Common Stock
620076109
18256430
192680
SH
SOLE
3
192680
MOTOROLA INCCOM USD3
Common Stock
620076109
26246
277
SH
SOLE
2
277
NS GROUP INC
Common Stock
628916108
1412198
152670
SH
SOLE
152670
NABISCO GROUP HLDS
Common Stock
62952P102
7707625
394000
SH
SOLE
3
394000
NAMIBIAN COPPER MN
Common Stock
629866104
28000
100000
SH
SOLE
3
100000
NATIONAL DATA
Common Stock
635621105
4552875
106500
SH
SOLE
3
106500
NATIONAL PRESTO INDS
Common Stock
637215104
1373175
35900
SH
SOLE
35900
NATL SEMICONDUCTOR
Common Stock
637640103
2025000
80000
SH
SOLE
3
80000
NATIONWIDE HEALTH
Common Stock
638620104
5537656
290500
SH
SOLE
3
290500
NAUTICA ENTERPRISES
Common Stock
639089101
1419188
84100
SH
SOLE
84100
NET BANK INC
Common Stock
640933107
4035600
106200
SH
SOLE
3
106200
NEWMONT MINING
Common Stock
651639106
20433984
1028125
SH
SOLE
3
100000
928125
NORTH FORK BANCORP
Common Stock
659424105
961875
45000
SH
SOLE
3
45000
NTHN STATES POWER
Common Stock
665772109
3937725
162800
SH
SOLE
3
162800
NOVELLUS SYSTEMS
Common Stock
670008101
3709388
54350
SH
SOLE
3
54350
NUCOR CORP
Common Stock
670346105
144574421
3047650
SH
SOLE
3002750
44900
NUTRACEUTICAL
Common Stock
67060Y101
2656220
518286.9
SH
SOLE
518286.9
OCCIDENTAL PETROLEUM
Common Stock
674599105
134676628
6375225
SH
SOLE
6280625
94600
ORACLE CORP
Common Stock
68389X105
7672030
206654
SH
SOLE
3
206654
ORACLE CORPCOM USD0.01
Common Stock
68389X105
21904
590
SH
SOLE
2
590
ORACLE CORPORATION
Common Stock
68389X105
16706
450
SH
SOLE
450
ORION CAPITAL
Common Stock
686268103
3587500
100000
SH
SOLE
3
100000
PECO ENERGY CO
Common Stock
693304107
12981250
310000
SH
SOLE
3
310000
PNC BANK CORP
Common Stock
693475105
20000831
347086
SH
SOLE
3
347086
PPG INDUSTRIES INC
Common Stock
693506107
129073327
2185350
SH
SOLE
2151650
33700
PARAGON TRADE BRANDS
Common Stock
69912K107
44688
65000
SH
SOLE
3
65000
PAREXEL INTL CP
Common Stock
699462107
492563
37000
SH
SOLE
3
37000
PARKER HANNIFIN CORP
Common Stock
701094104
141895913
3101550
SH
SOLE
3055450
46100
PEOPLES ENERGY CORP
Common Stock
711030106
1070339
28400
SH
SOLE
28400
PEOPLES ENERGY CPCOM NPV
Common Stock
711030106
16733
444
SH
SOLE
2
444
PEOPLES HERITAGE FIN
Common Stock
711147108
1781591
94700
SH
SOLE
94700
PEOPLESOFT INCCOM USD0.01
Common Stock
712713106
865398
50168
SH
SOLE
2
50168
PEPSI BOTTLING GRP
Common Stock
713409100
5162656
223250
SH
SOLE
3
223250
PEPSICO INC
Common Stock
713448108
6075872
157050
SH
SOLE
3
157050
PEPSICO INCCAP USD0.016666
Common Stock
713448108
26733
691
SH
SOLE
2
691
PFIZER
Common Stock
717081103
3335073
30597
SH
SOLE
3
30597
PFIZER INC
Common Stock
717081103
32700
300
SH
SOLE
300
PFIZER INCCOM USD0.05
Common Stock
717081103
46979
431
SH
SOLE
2
431
PHELPS DODGE
Common Stock
717265102
681318
11000
SH
SOLE
3
11000
PHELPS DODGE CORP
Common Stock
717265102
148885016
2403775
SH
SOLE
2369575
34200
PHILIP MORRIS COMPAN
Common Stock
718154107
125528223
3123525
SH
SOLE
3078925
44600
PHILIP MORRIS COS
Common Stock
718154107
10220572
254319
SH
SOLE
3
254319
PHILIP MORRIS COSCOM STK USD0.3333
Common Stock
718154107
37134
924
SH
SOLE
2
924
PHILIPPINE LONG ADR
Common Stock
718252604
45324720
1501440
SH
SOLE
2
1501440
PHILLIPS PETROLEUM C
Common Stock
718507106
129437739
2572650
SH
SOLE
2536650
36000
PLACER DOME INC
Common Stock
725906101
10105000
860000
SH
SOLE
3
30000
830000
Platinum Ent Common Stock
Common Stock
727909103
149447
23206
SH
SOLE
23206
POHANG IRON & STEEL
Common Stock
730450103
7842023
233220
SH
SOLE
3
233220
POHANG IRON ADR
Common Stock
730450103
20846828
619980
SH
SOLE
2
619980
PT TELKOMUNIKASI ADR
Common Stock
715684106
5441406
437500
SH
SOLE
2
437500
PROCTER & GAMBLE
Common Stock
742718109
6576654
73688
SH
SOLE
3
73688
PROCTER & GAMBLECOM NPV
Common Stock
742718109
41323
463
SH
SOLE
2
463
PUBLIC STORAGE INC
Common Stock
74460D109
1596000
57000
SH
SOLE
57000
QUANTUM CORP
Common Stock
747906105
2412500
100000
SH
SOLE
3
100000
QUEENS COUNTY BANC
Common Stock
748242104
546328
16875
SH
SOLE
3
16875
QUINTILES TRANSNAT
Common Stock
748767100
861000
20500
SH
SOLE
3
20500
R.O.C. TAIWAN FUND
Common Stock
749651105
3057300
379200
SH
SOLE
3
379200
RELIASTAR FINANCIAL
Common Stock
75952U103
835625
19100
SH
SOLE
19100
RJ REYNOLDS TOBACC
Common Stock
76182K105
4169378
131319
SH
SOLE
3
131319
RJ REYNOLDS TOBACCO
Common Stock
76182K105
112877600
3555200
SH
SOLE
3502801
52399
Richfood Holdings Warrants EXP
Common Stock
763408119
143140
117328
SH
SOLE
117328
ROCKWELL INTL CORP
Common Stock
773903109
528525
8700
SH
SOLE
8700
ROHM & HAAS CO
Common Stock
775371107
142229238
3317300
SH
SOLE
3267800
49500
ROYAL GOLD
Common Stock
780287108
2965625
650000
SH
SOLE
3
50000
600000
SBC COMMUNICATIONS
Common Stock
78387G103
14169168
244296
SH
SOLE
3
244296
SBC COMMUNICATIONS I
Common Stock
78387G103
171366800
2954600
SH
SOLE
2911200
43400
SBC COMMUNICATIONSCOM USD1
Common Stock
78387G103
45530
785
SH
SOLE
2
785
SLM HOLDING CORP
Common Stock
78442A109
817762
17850
SH
SOLE
17850
SAFEWAY INC
Common Stock
786514208
1348875
27250
SH
SOLE
3
27250
SAFEWAY INC
Common Stock
786514208
22275
450
SH
SOLE
450
SAFEWAY INCCOM USD0.01
Common Stock
786514208
16731
338
SH
SOLE
2
338
SARA LEE
Common Stock
803111103
4162022
183450
SH
SOLE
3
183450
SBARRO INC
Common Stock
805844107
522316
19300
SH
SOLE
19300
SCHLUMBERGER
Common Stock
806857108
751513
11800
SH
SOLE
3
11800
SCHLUMBERGERCOM USD0.01
Common Stock
806857108
20125
316
SH
SOLE
2
316
SCHWAB (CHARLES)
Common Stock
808513105
6961013
127725
SH
SOLE
3
127725
SCHWAB(CHARLES)CPCOM USD0.01
Common Stock
808513105
9320
171
SH
SOLE
2
171
SEAGATE TECHNOLOGY
Common Stock
811804103
8736178
340924
SH
SOLE
3
340924
SEALED AIR CORP
Common Stock
81211K100
257294
3966
SH
SOLE
3966
SEALED AIR CORP NEW
Common Stock
81211K209
219688
3515
SH
SOLE
3515
SEARS, ROEBUCK AND C
Common Stock
812387108
125676573
2820200
SH
SOLE
2778700
41500
SENSORMATIC ELEC
Common Stock
817265101
5588938
401000
SH
SOLE
3
401000
SIERRA PACIFIC RESOU
Common Stock
826425100
1087613
29900
SH
SOLE
29900
SIMON PROPERTY GROUP
Common Stock
828806109
6643683
261820
SH
SOLE
3
261820
SIMON PROPERTY GROUP INC
Common Stock
828806109
1700125
67000
SH
SOLE
67000
SMART MODULAR TECH
Common Stock
831690102
521250
30000
SH
SOLE
3
30000
SOVEREIGN BANCORP IN
Common Stock
845905108
89469163
7378900
SH
SOLE
7275200
103700
SPRINT CORP
Common Stock
852061100
106492900
2009300
SH
SOLE
1981500
27800
SPRINT CORP (PCS GROUP)
Common Stock
852061506
4095108
71844
SH
SOLE
3
71844
SPRINT CORP (PCS GRP
Common Stock
852061506
587100
10300
SH
SOLE
10300
STEELCASE INC.
Common Stock
858155203
1594000
79700
SH
SOLE
79700
STILLWATER MINING
Common Stock
86074Q102
28356250
872500
SH
SOLE
3
122500
750000
SUN CO INC
Common Stock
86764P109
2944006
97524
SH
SOLE
3
97524
SUPERIOR INDUSTRIES
Common Stock
868168105
1696137
62100
SH
SOLE
62100
SYMANTEC CORP
Common Stock
871503108
1083750
42500
SH
SOLE
42500
TRW INC
Common Stock
872649108
152656763
2781900
SH
SOLE
2741500
40400
TECUMSEH PRODUCTS CO
Common Stock
878895200
1738158
28700
SH
SOLE
28700
TENNECO INC
Common Stock
88037E101
137041306
5739950
SH
SOLE
5655550
84400
TEXACO INC
Common Stock
881694103
8732500
140000
SH
SOLE
3
140000
TIME WARNER INC
Common Stock
887315109
17049082
234755
SH
SOLE
3
234755
TRANSACTION SYSTEM
Common Stock
893416107
975000
25000
SH
SOLE
3
25000
TRANSAMERICA CORP
Common Stock
893485102
975000
13000
SH
SOLE
13000
TRIAD HOSPITALS INC
Common Stock
89579K109
1369062
101412
SH
SOLE
101412
TRINET REALTY
Common Stock
896287109
802938
29000
SH
SOLE
29000
UST CORP
Common Stock
902900109
10133750
335000
SH
SOLE
3
335000
USX-MARATHON GROUP
Common Stock
902905827
3256300
100000
SH
SOLE
3
100000
USX-MARATHON GROUP
Common Stock
902905827
280530
8615
SH
SOLE
8615
U.S. BANCORP
Common Stock
902973106
360450
10800
SH
SOLE
10800
ULTRAMAR DIAMOND SHA
Common Stock
904000106
1784303
81800
SH
SOLE
81800
UNICOM CORP
Common Stock
904911104
9698469
251500
SH
SOLE
3
251500
UNION PLANTERS CORP
Common Stock
908068109
106989775
2394150
SH
SOLE
2359750
34400
UNISYS
Common Stock
909214108
4283125
110000
SH
SOLE
3
110000
US WEST INC
Common Stock
91273H101
168082281
2860975
SH
SOLE
2818575
42400
UNITED TECHNOLOGIES
Common Stock
913017109
107640000
1495000
SH
SOLE
1473400
21600
UTD TECHNOLOGIESCOM USD5
Common Stock
913017109
223200
3100
SH
SOLE
2
3100
V F CORP
Common Stock
918204108
149333231
3493175
SH
SOLE
3441575
51600
VF CORPCOM NPV
Common Stock
918204108
136800
3200
SH
SOLE
2
3200
VENGOLD
Common Stock
92267K100
78750
1250000
SH
SOLE
3
1250000
VIACOM INC
Common Stock
925524308
13866600
315150
SH
SOLE
3
315150
VISHAY INTERTECHNOLOGY
Common Stock
928298108
3431526
163406
SH
SOLE
3
163406
VODAFONE
Common Stock
92857T107
1982898181
10065473
SH
SOLE
2
10065473
VORNADO REALTY
Common Stock
929042109
1094688
31000
SH
SOLE
31000
WD 40 CO
Common Stock
929236107
895000
35800
SH
SOLE
35800
WHX CORP
Common Stock
929248300
857871
26700
SH
SOLE
3
26700
WAL-MART STORES
Common Stock
931142103
4270222
88502
SH
SOLE
3
88502
WASHINGTON MUTUAL IN
Common Stock
939322103
153153838
4306550
SH
SOLE
4241550
65000
WASTE MANAGEMENT
Common Stock
94106L109
2150000
40000
SH
SOLE
3
40000
WELLMAN
Common Stock
949702104
1593750
100000
SH
SOLE
3
100000
WEYERHAEUSER
Common Stock
962166104
9315488
135498
SH
SOLE
3
135498
WORTHINGTON INDUSTRIES
Common Stock
981811102
3698438
225000
SH
SOLE
3
225000
XILINX INC
Common Stock
983919101
950350
16600
SH
SOLE
3
16600
XEROX CORP
Common Stock
984121103
1807328
30600
SH
SOLE
30600
AMWAY ASIA PACIFIC
Common Stock
G0352M108
13124750
1117000
SH
SOLE
2
1117000
HELEN OF TROY
Common Stock
G4388N106
1097775
61200
SH
SOLE
3
61200
TRANSOCEAN OFFSHOR
Common Stock
G90076103
427875
16300
SH
SOLE
3
16300
GRAND TOTAL
11189763046
