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
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: I.G. Investment Management Ltd.
Address: One Canada Centre
447 Portage Avenue
Winnipeg, Manitoba
R3C 3B6
Form 13F File Number: 28-_____________
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: James R. Lawson
Title: Manager, Investment Administration
Phone: 204-956-8224
Signature, Place, and Date of Signing:
James R. Lawson Winnipeg, Manitoba April 14, 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
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).)
List of Other Managers Reporting for this Manager;
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-___________ __________________________
(Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 450
Form 13F Information Table Value Total: $13,248,139
(thousands)
List of Other Included Managers:
1. Merrill Lynch Asset Management
2. Beutel, Goodman & Company Ltd
3. Sceptre Investment Counsel Limited
4. Yield Management Group
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.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
____ 28-___________ ____________________
[Repeat as necessary.]
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------------------------------------- ------------------------ --------------------------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/PUT/INVESTMENT OTHER VOTING AUTHORITY
(x$1000 PRN AMT PRNCALLDISCRETIONMANAGERS SOLE SHARED NONE
- -------------------------------------------------- ------------------------ --------------------------------------------
3COM CORP COM 885535104 1,587 45,000SH SOLE 45,000 0 0
A D C TELECOMMUNICATIONS COM 000886101 1,082 15,000SH SOLE 15,000 0 0
AT&T CORP COM 001957109 50,533 418,532SH DEFINED 1 410,000 8,532 0
AT&T CORP COM LIB GRP A 001957208 915 11,492SH DEFINED 1 0 11,492 0
AVX CORP NEW COM 002444107 20,901 863,500SH SOLE 863,500 0 0
ABBOTT LABS COM 002824100 1,331 18,800SH DEFINED 3 0 18,800 0
AFLAC INC COM 001055102 181,596 2,205,100SH SOLE 2,205,100 0 0
ALCOA INC COM 013817101 58,243 934,756SH DEFINED 1 929,656 5,100 0
ALKERMES INC COM 01642T108 804 19,500SH SOLE 19,500 0 0
ALLEGHANY CORP DEL COM 017175100 61,086 219,603SH SOLE 219,603 0 0
ALLIEDSIGNAL INC COM 019512102 26,044 350,000SH SOLE 350,000 0 0
ALLMERICA FINL CORP COM 019754100 3,748 45,000SH SOLE 45,000 0 0
ALLSTATE CORP COM 020002101 14,510 258,800SH DEFINED 1 214,000 44,800 0
AMERICA ONLINE INC DEL COM 02364J104 729 3,300SH DEFINED 1 0 3,300 0
AMERICA WEST HLDG CORP CL B 023657208 4,706 163,200SH SOLE 163,200 0 0
AMERICAN ELEC PWR INC COM 025537101 17,261 287,500SH SOLE 287,500 0 0
AMERICAN EXPRESS CO COM 025816109 136,336 767,000SH SOLE 767,000 0 0
AMERICAN HOME PRODS CORP COM 026609107 46,838 474,500SH DEFINED 1,3 403,800 70,700 0
AMERICAN INTL GROUP INC COM 026874107 2,299 12,600SH DEFINED 1 0 12,600 0
AMERICAN XTAL TECHNOLOGY IN COM 030514103 19,572 575,000SH SOLE 575,000 0 0
AMERIN CORP COM 03070X106 12,101 393,800SH SOLE 393,800 0 0
AMERITECH CORP NEW COM 030954101 709 8,100SH DEFINED 1 0 8,100 0
AMETEK INC NEW COM 031100100 9,939 360,000SH SOLE 360,000 0 0
APPLIED MATLS INC COM 038222105 1,381 14,800SH DEFINED 1 12,500 2,300 0
ARMSTRONG WORLD INDS INC COM 042476101 13,016 190,400SH SOLE 190,400 0 0
ARNOLD INDS INC COM 042595108 11,769 523,000SH SOLE 523,000 0 0
ASSOCIATES FIRST CAP CORP CL A 046008108 865 12,700SH DEFINED 1 0 12,700 0
AT HOME CORP COM SER A 045919107 238 1,000SH SOLE 1,000 0 0
AUTODESK INC COM 052769106 6,117 100,000SH SOLE 100,000 0 0
AVIS RENT A CAR INC COM 053790101 220 5,250SH DEFINED 1 0 5,250 0
BAKER HUGES INC COM 057224107 6,230 169,400SH DEFINED 2 120,000 49,400 0
BANK ONE CORP COM 06423A103 21,857 262,400SH SOLE 262,400 0 0
BANK BOSTON CORP COM 06605R106 7,404 113,000SH SOLE 113,000 0 0
BANK NEW YORK INC COM 064057102 506 9,300SH DEFINED 1 0 9,300 0
BANKAMERICA CORP NEW COM 06605F102 125,509 1,174,726SH DEFINED 1,2,3 1,098,200 76,526 0
BANTA CORP COM 066821109 276 9,600SH DEFINED 3 0 9,600 0
BAUSCH & LOMB INC COM 071707103 590 6,000SH DEFINED 3 0 6,000 0
BAXTER INTL INC COM 071813109 2,766 27,700SH DEFINED 2,3 0 27,700 0
BEAR STEARNS COS INC COM 073902108 13,521 200,000SH SOLE 200,000 0 0
BECKMAN COULTER INC COM 075811109 726 10,900SH DEFINED 3 0 10,900 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 157,483 1,458SH SOLE 1,458 0 0
BEST BUY INC COM 086516101 220 2,800SH DEFINED 1 0 2,800 0
BETHLEHEM STL CORP COM 087509105 6,864 550,000SH SOLE 550,000 0 0
BLACK & DECKER CORP COM 091797100 419 5,000SH DEFINED 1 0 5,000 0
BRISTOL MYERS SQUIBB CO COM 110122108 5,808 59,700SH DEFINED 1,3 0 59,700 0
BUCKEYE TECHNOLOGIES INC COM 118255108 4,601 217,250SH SOLE 217,250 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 107 2,150SH DEFINED 1 0 2,150 0
BURLINGTON RES INC COM 122014103 1,233 20,410SH DEFINED 2 0 20,410 0
CMAC INVT CORP COM 125662106 16,520 280,000SH SOLE 280,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 59,735 261,500SH SOLE 261,500 0 0
CAPSTAR BROADCASTING CORP CL A 14067G105 803 23,150SH DEFINED 1 0 23,150 0
CARDINAL HEALTH INC COM 14149Y108 499 5,000SH DEFINED 1 0 5,000 0
CARNIVAL CORP COM 143658102 1,521 20,700SH DEFINED 1 0 20,700 0
CASE CORP COM 14743R103 169 4,400SH DEFINED 1 0 4,400 0
CATERPILLAR INC DEL COM 149123101 14,613 210,280SH DEFINED 3 196,680 13,600 0
CENTOCOR INC COM 152342101 202 3,600SH DEFINED 1 0 3,600 0
SCHWAB CHARLES CORP NEW COM 808513105 2,036 14,000SH SOLE 14,000 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 34,073 277,000SH DEFINED 1 265,000 12,000 0
CHICAGO TITLE CORP COM 168228104 35,542 645,891SH SOLE 645,891 0 0
CISCO SYS INC COM 17275R102 5,735 34,600SH DEFINED 1 28,000 6,600 0
CITIGROUP INC COM 172967101 80,637 834,500SH DEFINED 1 817,500 17,000 0
CLEVELAND CLIFFS INC COM 185896107 8,740 169,615SH SOLE 169,615 0 0
COASTAL CORP COM 190441105 1,373 27,500SH DEFINED 1 0 27,500 0
COLGATE PALMOLIVE CO COM 194162103 431 3,100SH DEFINED 1 0 3,100 0
COLTEC INDS INC COM 196879100 4,388 159,500SH DEFINED 2 0 159,500 0
COLUMBIA/HCA HEALTHCARE COR COM 197677107 1,725 60,200SH DEFINED 2 0 60,200 0
CONAGRA INC COM 205887102 657 17,000SH DEFINED 1 0 17,000 0
CONEXANT SYSTEMS INC COM 207142100 34,011 812,000SH SOLE 812,000 0 0
CONOCO INC CL A 208251306 1,761 47,400SH DEFINED 3 0 47,400 0
CONSOLIDATED PAPERS INC COM 209759109 690 19,400SH SOLE 19,400 0 0
CORNING INC COM 219350105 1,679 18,500SH DEFINED 1 0 18,500 0
CRANE CO COM 224399105 8,782 240,000SH SOLE 240,000 0 0
CRESCENT REAL ESTATE EQUITI COM 225756105 1,181 36,300SH DEFINED 2 0 36,300 0
CROMPTON & KNOWLES CORP COM 227111101 2,287 96,000SH SOLE 96,000 0 0
CROWN CORK & SEAL INC COM 228255105 1,620 37,500SH DEFINED 2 0 37,500 0
CUMMINS ENGINE INC COM 231021106 1,275 23,700SH DEFINED 2 0 23,700 0
DVI INC COM 233343102 3,528 156,800SH SOLE 156,800 0 0
DAYTON HUDSON CORP COM 239753106 826 8,200SH DEFINED 1 0 8,200 0
DELL COMPUTER CORP COM 247025109 362 5,850SH DEFINED 1 0 5,850 0
DAIL CORP NEW COM 25247D101 972 18,700SH DEFINED 1 0 18,700 0
DOW CHEM CO COM 260543103 12,688 90,000SH SOLE 90,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2,767 31,500SH DEFINED 1,2 0 31,500 0
E M C CORP MASS COM 268648102 21,413 110,800SH DEFINED 1 109,000 1,800 0
EATON CORP COM 278058102 238 2,200SH DEFINED 1 0 2,200 0
EL PASO ENERGY CORP DEL COM 283905107 1,281 25,900SH DEFINED 1 0 25,900 0
ELAN PLC ADR 284131208 506 4,800SH DEFINED 1 0 4,800 0
ELECTRONIC DATA SYS NEW COM 285661104 2,629 35,700SH DEFINED 2 0 35,700 0
EMCORE CORP COM 290846104 2,027 95,300SH SOLE 95,300 0 0
EMERSON ELEC CO COM 291011104 320 4,000SH DEFINED 1 0 4,000 0
ENRON CORP COM 293561106 573 5,900SH DEFINED 1 0 5,900 0
EQUINOX SYS INC COM 294436100 4,792 337,900SH SOLE 337,900 0 0
EQUITABLE COS INC COM 29444G107 21,052 198,800SH DEFINED 1 191,300 7,500 0
ETHYL CORP COM 297659104 10,489 1,631,400SH SOLE 1,631,400 0 0
EXABYTE CORP COM 300615101 2,401 334,200SH SOLE 334,200 0 0
EXXON CORP COM 302290101 13,610 127,500SH SOLE 127,500 0 0
F M C CORP COM NEW 302491303 1,068 14,300SH DEFINED 2 0 14,300 0
FEDERAL NATL MTG ASSN COM 313586109 139,185 1,328,600SH DEFINED 1,3 1,295,800 32,800 0
FARMER BROS CO COM 307675108 22,722 73,991SH SOLE 73,991 0 0
FEDERAL MOGUL CORP COM 313549107 1,171 18,000SH DEFINED 1 0 18,000 0
FEDERATED DEPT STORES INC D COM 31410H101 25,676 423,000SH DEFINED 2 403,000 20,000 0
FIRST DATA CORP COM 319963104 2,154 33,300SH DEFINED 2 0 33,300 0
FIRST REP BK SAN FRANCISCO COM 336158100 5,015 137,400SH SOLE 137,400 0 0
FIRST UN CORP COM 337358105 61,562 761,530SH DEFINED 2 751,330 10,200 0
FLEXTRONICS INTL LTD ORD Y2573F102 401 5,200SH DEFINED 1 0 5,200 0
FOX ENTMT GROUP INC CL A 35138T107 52,318 1,275,000SH SOLE 1,275,000 0 0
FRANKLIN RES INC COM 354613101 54,516 1,281,300SH SOLE 1,281,300 0 0
FEDERAL HOME LN MTG CORP COM 313400301 228,490 2,644,000SH SOLE 2,644,000 0 0
FREEPORT-MCMORAN COPPER & G CL A 35671D105 26,357 1,699,800SH SOLE 1,699,800 0 0
FREMONT GEN CORP COM 357288109 865 30,000SH DEFINED 1 0 30,000 0
FRONTIER CORPORATION COM 35906P105 1,570 20,000SH DEFINED 1 0 20,000 0
FRUIT OF THE LOOM INC CL A 359416104 378 24,100SH DEFINED 1 0 24,100 0
GST TELECOMMUNICATIONS INC COM 361942105 47,499 2,870,700SH SOLE 2,870,700 0 0
GTE CORP COM 362320103 686 7,500SH DEFINED 1 0 7,500 0
GAINSCO INC COM 363127101 12,720 1,724,800SH SOLE 1,724,800 0 0
GENCORP INC COM 368682100 836 30,700SH DEFINED 1 0 30,700 0
GENERAL CABLE CORP DEL NEW COM 369300108 10,774 674,250SH SOLE 674,250 0 0
GENERAL ELEC CO COM 369604103 2,335 13,950SH DEFINED 1 0 13,950 0
GENERAL MTRS CORP COM 370442105 624 4,750SH DEFINED 1 0 4,750 0
GOODYEAR TIRE & RUBR CO COM 382550101 671 8,900SH DEFINED 2 0 8,900 0
GREENPOINT FINL CORP COM 395384100 143,357 2,727,000SH DEFINED 1 2,712,800 14,200 0
GUIDANT CORP COM 401698105 888 9,700SH DEFINED 3 0 9,700 0
HEALTHSOUTH CORP COM 421924101 5,566 354,600SH SOLE 354,600 0 0
HALLIBURTON CO COM 406216101 1,340 23,000SH DEFINED 1 0 23,000 0
HARRAHS ENTMT INC COM 413619107 3,683 127,700SH DEFINED 1 87,700 40,000 0
HARRIS CORP DEL COM 413875105 1,057 24,400SH DEFINED 2 0 24,400 0
HERTZ CORP CL A 428040109 261 3,220SH DEFINED 1 0 3,220 0
HEWLETT PACKARD CO COM 428236103 1,128 11,000SH DEFINED 1 0 11,000 0
HILB ROGAR & HAMILTON CO COM 431294107 42,269 1,649,650SH SOLE 1,649,650 0 0
HOMESTAKE MNG CO COM 437614100 10,409 797,750SH SOLE 797,750 0 0
HORACE MANN EDUCATORS CORP COM 440327104 16,946 483,100SH DEFINED 1,3 437,600 45,500 0
HORMEL FOODS CORP COM 440452100 1,579 29,300SH DEFINED 3 0 29,300 0
HOUSEHOLD INTL INC COM 441815107 828 12,000SH DEFINED 1 0 12,000 0
ITT INDS INC IND COM 450911102 3,072 57,400SH DEFINED 1,3 0 57,400 0
IKON OFFICE SOLUTIONS INC COM 451713101 539 27,800SH DEFINED 3 0 27,800 0
INGERSOLL RAND CO COM 456866102 793 10,560SH DEFINED 1 0 10,560 0
INTEL CORP COM 458140100 12,624 70,050SH DEFINED 1 65,000 5,050 0
INTERNATIONAL BUSINESS MACH COM 459200101 7,347 27,400SH DEFINED 1,3 5,000 22,400 0
INTERNATIONAL GAME TECHNOLO COM 459902102 7,050 320,000SH SOLE 320,000 0 0
INTL PAPER CO COM 460146103 15,349 240,500SH DEFINED 3 228,700 11,800 0
INTERPUBLIC GROUP COS INC COM 460690100 80,192 680,700SH SOLE 680,700 0 0
INTERSTATE BAKERIES CORP DE COM 46072H108 767 23,500SH DEFINED 3 0 23,500 0
INTIMATE BRANDS INC CL A 461156101 118,057 1,621,600SH SOLE 1,621,600 0 0
MORGAN J P & CO INC COM 616880100 34,902 187,000SH SOLE 187,000 0 0
JOHN NUVEEN CO CL A 478035108 20,615 325,425SH SOLE 325,425 0 0
JOHNSON & JOHNSON COM 478160104 787 5,550SH DEFINED 1 0 5,550 0
KANSAS CITY SOUTHN INDS INC COM 485170104 2,026 23,500SH DEFINED 1 0 23,500 0
KEANE INC COM 486665102 152 4,700SH DEFINED 1 0 4,700 0
KEEBLER FOODS CO COM 487256109 491 8,900SH DEFINED 1 0 8,900 0
KIMBERLY CLARK CORP COM 494368103 1,342 18,500SH DEFINED 1 0 18,500 0
KING WORLD PRODTNS INC COM 495667107 2,293 49,600SH DEFINED 2 0 49,600 0
KNOGHT RIDDER INC COM 499040103 60,495 799,775SH SOLE 799,775 0 0
LAFARGE CORP COM 505862102 40,571 957,800SH SOLE 957,800 0 0
LEUCADIA NATL CORP COM 527288104 21,307 465,600SH SOLE 465,600 0 0
LOCKHEED MARTIN CORP COM 539830109 2,303 40,400SH DEFINED 1,2 0 40,400 0
LOWES COS INC COM 548661107 618 6,750SH DEFINED 1 0 6,750 0
LUCENT TECHNOLOGIES INC COM 549463107 3,113 19,100SH DEFINED 1,3 0 19,100 0
M/I SCHOTTENSTEIN HOMES INC COM 55305B101 10,867 404,700SH SOLE 404,700 0 0
MANPOWER INC COM 56418H100 10,573 299,000SH SOLE 299,000 0 0
MCI WORLDCOM INC COM 55268B106 53,497 399,300SH DEFINED 1,3 374,500 24,800 0
MELLON BK CORP COM 585509102 737 6,920SH DEFINED 1 0 6,920 0
MGIC INVT CORP WIS COM 552848103 23,959 451,700SH SOLE 451,700 0 0
MILLIPORE CORP COM 601073109 97 2,650SH DEFINED 1 0 2,650 0
MOBIL CORP COM 607059102 486 3,650SH DEFINED 1 0 3,650 0
MAGNETEK INC COM 559424106 2,968 234,300SH SOLE 234,300 0 0
MASCO CORP COM 574599106 1,325 31,000SH DEFINED 1 0 31,000 0
MATTEL INC COM 577081102 231,316 6,146,996SH SOLE 6,146,996 0 0
MAY DEPT STORES CO COM 577778103 7,546 127,500SH SOLE 127,500 0 0
MCDONALDS CORP COM 580135101 1,412 20,600SH DEFINED 1 0 20,600 0
MCGRAW HILL COS INC COM 580645109 55,487 673,000SH SOLE 673,000 0 0
MEDITRONIC INC COM 585055106 304 2,800SH SOLE 2,800 0 0
MERCURY GENL CORP NEW COM 589400100 11,871 225,000SH SOLE 225,000 0 0
MERRILL LYNCH & CO INC COM 590188108 35,019 261,750SH SOLE 261,750 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 2,501 47,750SH SOLE 47,750 0 0
MICROSOFT CORP COM 594918104 9,564 70,540SH DEFINED 1 58,300 12,240 0
MIDAS GROUP INC COM 595626102 5,933 117,510SH DEFINED 2 0 117,510 0
MONSANTO CO COM 611662107 1,362 19,600SH DEFINED 1 0 19,600 0
MORGAN STANLEY DEAN WITTER& COM NEW 617446448 214,826 1,420,950SH DEFINED 1 1,418,400 2,550 0
MOTOROLA INC COM 620076109 2,344 21,150SH DEFINED 1 0 21,150 0
NCR CORP NEW COM 62886E108 370,804 4,902,250SH SOLE 4,902,250 0 0
NASDAQ 100 TR UNIT SER 1 631100104 3,978 25,000SH SOLE 25,000 0 0
DISNEY WALT CO COM 254687106 94 2,000SH DEFINED 1 0 2,000 0
NEWMONT MINING CORP COM 651639106 78,188 2,953,409SH SOLE 2,953,409 0 0
NEWPORT CORP COM 651824104 11,964 639,100SH SOLE 639,100 0 0
NEWS CORP LTD SP ADR PFD 652487802 151,838 3,649,800SH SOLE 3,649,800 0 0
NEXTEL COMMUNICATIONS INC CL A 65332V103 1,718 31,000SH DEFINED 1 0 31,000 0
NIKE INC CL B 654106103 76,352 874,900SH DEFINED 1,3 857,000 17,900 0
NORTHN STS PWR CO MINN COM 665772109 256 7,300SH DEFINED 2 0 7,300 0
NOVELL INC COM 670006105 14,757 387,300SH SOLE 387,300 0 0
NUCOR CORP COM 670346105 6,672 100,100SH SOLE 100,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 708 26,000SH DEFINED 3 0 26,000 0
OLD REP INTL CORP COM 680223104 783 28,350SH DEFINED 3 0 28,350 0
OPTEL INC COM 683817100 23 1,000SH SOLE 1,000 0 0
OPTICAL COATING LAB INC COM 683829105 89,417 1,231,400SH SOLE 1,231,400 0 0
ORACLE CORP COM 68389X105 3,126 78,350SH DEFINED 1 73,250 5,100 0
ORION CAP CORP COM 686268103 14,842 313,960SH SOLE 313,960 0 0
PFIZER INC COM 717081103 934 4,450SH DEFINED 1 0 4,450 0
PHARMACIA & UPJOHN INC COM 716941109 217 2,300SH DEFINED 1 0 2,300 0
PMI GROUP INC COM 69344M101 9,808 139,800SH SOLE 139,800 0 0
PNC BK CORP COM 693475105 8,910 106,000SH SOLE 106,000 0 0
PXRE CORP COM 693674103 7,298 268,000SH SOLE 268,000 0 0
PAINE WEBBER GROUP INC COM 695629105 14,345 237,800SH SOLE 237,800 0 0
PAYLESS SHOESOURCES INC COM 704379106 1,407 20,000SH DEFINED 1 0 20,000 0
PECO ENERGY CO COM 693304107 224 3,200SH DEFINED 1 0 3,200 0
PEPSICO INC COM 713448108 836 14,100SH DEFINED 1 0 14,100 0
PHELPS DODGE CORP COM 717265102 17,319 232,450SH SOLE 232,450 0 0
PHILIP MORRIS COS INC COM 718154107 164,990 3,099,500SH DEFINED 1,2,3 3,053,800 45,700 0
PHOENIX INVT PARTNERS LTD COM 719085102 10,834 830,300SH SOLE 830,300 0 0
PREMIER PKS INC COM NEW 740540208 766 13,600SH DEFINED 1 0 13,600 0
PRESIDENTIAL LIFE CORP COM 740884101 58,517 2,156,460SH SOLE 2,156,460 0 0
PRICELINE COM COM 741503106 627 5,000SH SOLE 5,000 0 0
PROGESSIVE CORP OHIO COM 743315103 137,600 633,850SH SOLE 633,850 0 0
PROVIDENT COS INC COM 743862104 1,412 27,000SH DEFINED 1 0 27,000 0
PROVIDIAN FINL CORP COM 74406A102 1,098 6,600SH DEFINED 1 0 6,600 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 393 6,800SH DEFINED 1 0 6,800 0
QUANTUM CORP COM 747906105 1,451 53,300SH DEFINED 2 0 53,300 0
QUINTILES TRANSNATIONAL COR COM 748767100 465 8,140SH DEFINED 1 0 8,140 0
RTI INTL METALS INC COM 74973W107 6,877 484,900SH SOLE 484,900 0 0
REEBOK INTL LTD COM 758110100 78,209 3,256,600SH SOLE 3,256,600 0 0
RENAISSANCE RE HLDGS LTD COM G7496G103 11,046 209,000SH SOLE 209,000 0 0
RITE AID CORP COM 767754104 261 6,900SH DEFINED 1 0 6,900 0
ROCKWELL INTL CORP NEW COM 773903109 1,284 20,000SH DEFINED 1 0 20,000 0
ROFIN SINAR TECHNOLOGIES IN COM 775043102 5,047 494,250SH SOLE 494,250 0 0
ROWAN COS INC COM 779382100 3,800 198,000SH SOLE 198,000 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1 20SH DEFINED 1 0 20 0
SLM HLDG CORP COM 78442A109 54,396 861,250SH SOLE 861,250 0 0
SOUTHERN CO COM 842587107 741 21,000SH DEFINED 2 0 21,000 0
ST PAUL COS INC COM 792860108 1,537 32,700SH DEFINED 2 0 32,700 0
STURM RUGER & CO INC COM 864159108 3,631 240,000SH SOLE 240,000 0 0
SAFETY-KLEEN CORP NEW COM NEW 78648R203 13,233 660,200SH DEFINED 3 604,425 55,775 0
SAFEWAY INC COM NEW 786514208 31,077 400,350SH DEFINED 1 393,250 7,100 0
SANDISK CORP COM 80004C101 17,703 441,600SH SOLE 441,600 0 0
SANTA FE INTL CORP ORD G7805C108 22,981 812,900SH SOLE 812,900 0 0
SCHERING PLOUGH CORP COM 806605101 954 11,400SH DEFINED 3 0 11,400 0
SCHLUMBERGER LTD COM 806857108 320 3,520SH DEFINED 1 0 3,520 0
SEAGATE TECHNOLOGY COM 811804103 23,595 527,600SH SOLE 527,600 0 0
SHERWIN WILLIAMS CO COM 824348106 1,213 28,500SH DEFINED 1 0 28,500 0
SMITH INTL INC COM 832110100 1,368 22,600SH SOLE 22,600 0 0
SOUTHERN PERU COPPER CORP COM 843611104 1,950 128,100SH SOLE 128,100 0 0
SPECTRA-PHYSICS LASERS INC COM 847568102 261 24,200SH SOLE 24,200 0 0
SPDR TR UNIT SER 1 78462F103 6,833 35,200SH DEFINED 3 0 35,200 0
STERLING COMM INC COM 859205106 19,919 428,200SH SOLE 428,200 0 0
STILLWATER MNG CO COM 86074Q102 43,154 1,081,550SH SOLE 1,081,550 0 0
STUDENT LN CORP COM 863902102 6,088 107,680SH SOLE 107,680 0 0
SUN INTL HOTELS LTD ORD P8797T133 910 18,300SH DEFINED 1 0 18,300 0
SUNDSTRAND CORP COM 867323107 147 1,400SH DEFINED 1 0 1,400 0
SUPERIOR INDS INTL INC COM 868168105 14,051 399,510SH SOLE 399,510 0 0
SURMODICS INC COM 868873100 2,880 136,000SH SOLE 136,000 0 0
SYBRON INTL CORP COM 87114F106 7,129 188,500SH SOLE 188,500 0 0
TCF FINL CORP COM 872275102 10,620 270,000SH SOLE 270,000 0 0
TANDY CORP COM 875382103 454 4,700SH DEFINED 1 0 4,700 0
TECH DATA CORP COM 878237106 347 10,000SH DEFINED 1 0 10,000 0
TENET HEALTHCARE CORP COM 88033G100 9,130 318,700SH DEFINED 1,3 285,000 33,700 0
TEXACO INC COM 881694103 859 10,000SH SOLE 10,000 0 0
TEXAS INSTRS INC COM 882508104 13,930 92,775SH SOLE 92,775 0 0
TEXTRON INC COM 883203101 3,687 31,500SH DEFINED 3 0 31,500 0
TORCHMARK CORP COM 891027104 14,362 300,200SH SOLE 300,200 0 0
TYCO INTL LTD NEW COM 902124106 9,959 91,750SH DEFINED 1 86,600 5,150 0
USEC INC COM 90333E108 7,492 363,500SH SOLE 363,500 0 0
UST INC COM 902911106 36,811 931,405SH SOLE 931,405 0 0
USX MARATHON GROUP COM NEW 902905827 1,643 39,500SH DEFINED 2 0 39,500 0
UNION CARBIDE CORP COM 905581104 3,247 47,500SH SOLE 47,500 0 0
UNION PAC CORP COM 907818108 1,382 17,100SH DEFINED 1 0 17,100 0
UNIPHASE CORP COM 909149106 8,551 49,100SH DEFINED 1 47,500 1,600 0
UNISYS CORP COM 909214108 124 2,950SH DEFINED 1 0 2,950 0
UNITED HEALTHCARE CORP COM 910581107 18,637 234,100SH SOLE 234,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 6,331 30,900SH DEFINED 1,3 0 30,900 0
UNOCAL CORP COM 915289102 2,007 36,040SH DEFINED 1 0 36,040 0
UNUM CORP COM 903192102 1,709 23,750SH DEFINED 3 0 23,750 0
VF CORP COM 918204108 9,637 135,000SH SOLE 135,000 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 1,041 13,300SH DEFINED 3 0 13,300 0
VARIAN ASSOC INC COM 922204102 40,155 685,000SH SOLE 685,000 0 0
VARIAN INC COM 922206107 2,827 198,000SH SOLE 198,000 0 0
VARIAN MEDICAL SYSTEMS INC COM 92220P105 14,269 540,900SH SOLE 540,900 0 0
VASTAR RES INC COM 922380100 55,369 766,500SH SOLE 766,500 0 0
VIRCO MFG CO COM 927651109 731 34,840SH SOLE 34,840 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 18,880 856,995SH SOLE 856,995 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 1,723 22,500SH SOLE 22,500 0 0
WAL MART STORES INC COM 931142103 739 5,300SH DEFINED 1 0 5,300 0
WALLACE COMPUTER SERVICES I COM 932270101 599 20,000SH DEFINED 3 0 20,000 0
WARNACO GROUP INC CL A 934390105 29,063 778,200SH DEFINED 2,3 728,800 49,400 0
WARNER LAMBERT CO COM 934488107 701 7,000SH DEFINED 3 0 7,000 0
WASHINGTON MUT INC COM 939322103 30,763 497,500SH SOLE 497,500 0 0
WASTE MGMT INC DEL COM 94106L109 3,259 48,545SH DEFINED 1,2 0 48,545 0
WELLS FARGO & CO NEW COM 949746101 382 7,200SH DEFINED 1 0 7,200 0
WESCO FINL CORP COM 950817106 21,527 42,100SH SOLE 42,100 0 0
WHITMAN CORP COM 96647K102 764 29,400SH DEFINED 2 0 29,400 0
WILLIAMS COS INC DEL COM 969457100 1,584 26,500SH DEFINED 1 0 26,500 0
WISCONSIN CENT TRANSN CORP COM 976592105 790 39,400SH DEFINED 2 0 39,400 0
WORLD COLOR PRESS INC DEL COM 981443104 217 6,750SH DEFINED 1 0 6,750 0
XEROX CORP COM 984121103 4,594 56,900SH DEFINED 3 0 56,900 0
AT PLASTICS INC COM 001947100 23,603 3,065,366SH DEFINED 2 2,830,078 235,288 0
ATI TECHNOLOGIES INC COM 001941103 93,818 4,043,900SH DEFINED 1,4 3,916,500 127,400 0
ABITIBI-CONSOLIDATED INC COM 003924107 46,108 3,415,438SH DEFINED 2,4 2,644,110 771,328 0
AGRIUM INC COM 008916108 1,589 113,922SH DEFINED 1,2,4 0 113,922 0
AIR CDA INC CL A NON VTG 008911307 17,020 2,934,500SH SOLE 2,934,500
ALBERTA ENERGY LTD COM 012873105 11,269 302,929SH DEFINED 3,4 0 302,929 0
ALCAN ALUMINIUM LTD NEW COM 013716105 88,615 2,280,950SH DEFINED 3,4
ALLIANCE ATLANTIS COMMUNICA CL B NON-VTG 01853E204 53,098 2,235,700SH DEFINED 3 2,235,700
ALLIANCE FST PRODS INC COM 01859J108 22,492 1,334,850SH SOLE 1,334,850 0 0
ASIA PACIFIC RESOURCES LTD COM 044902104 759 271,200SH DEFINED 3 0 271,200 0
BCE INC COM 05534B109 617,003 9,243,484SH DEFINED 1,3,4 7,828,0841,415,400 0
BCE MOBILE COMMINICATION IN COM 05534G108 242 6,000SH SOLE 6,000 0 0
BFC CONSTR CORP COM 054938105 2,887 277,600SH SOLE 277,600 0 0
BANK MONTREAL QUE COM 063671101 742,246 12,258,400SH DEFINED 1,2,3,4 11,290,100 968,300 0
BARRICK GOLD CORP COM 067901108 115,655 4,482,765SH DEFINED 2,3,4 3,391,6001,091,165 0
BIOCHEM PHARMA INC COM 09058T108 74,443 2,315,500SH DEFINED 4 2,250,000 65,500 0
CHC HELICOPTER CORP CL A SUB VTG 12541C203 4,427 1,283,300SH SOLE 1,283,300 0 0
CALL-NET ENTERPRISES INC CL B NON-VTG 130910201 119,100 9,091,608SH SOLE 9,091,608
CAMBIOR INC COM 13201L103 2,916 490,100SH DEFINED 1,2 0 490,100 0
CAMECO CORP COM 13321L108 90,615 2,762,650SH SOLE 2,762,650 0 0
CANADIAN 88 ENERGY CORP COM NEW 13566G509 1,409 260,900SH DEFINED 3 0 260,900 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 471,767 12,221,952SH DEFINED 1,2,3,4 10,913,3521,308,600 0
CANADIAN NATL RY CO COM 136375102 99,558 1,183,800SH DEFINED 3,4 910,800 273,000 0
CANADIAN OCCIDENTAL PETE LT COM 136420106 15,038 808,500SH DEFINED 3,4 20,000 788,500 0
CANADIAN PAC LTD NEW COM 135923100 168,084 5,756,300SH DEFINED 2,4 4,774,900 981,400 0
CELESTICA INC SUB VTG SHS 15101Q108 4,208 85,000SH SOLE 85,000 0 0
CHIEFTAIN INTL INC COM 16867C101 1,637 86,600SH SOLE 86,600 0 0
COMINCO LTD COM 200435105 12,561 595,300SH DEFINED 1,3 451,800 143,500 0
COUNSEL CORP COM 22226R102 1,008 102,300SH DEFINED 3 0 102,300 0
DIA MET MINERALS LTD CL A SUB VTG 25243K208 1,474 79,700SH SOLE 79,700 0 0
DOMTAR INC COM 257561100 37,498 3,440,170SH DEFINED 1 3,281,070 159,100 0
DOREL INDS INC CL B SUB VTG 25822C205 1,882 72,400SH DEFINED 3 0 72,400 0
EDPERBRASCAN CORP CL A LTD VT SH280905803 17,516 978,550SH DEFINED 1,4 812,100 166,450 0
EMCO LTD COM 290839109 7,394 707,600SH DEFINED 1 638,100 69,500 0
ENBRIDGE INC COM 29250N105 196,539 2,940,000SH DEFINED 2,4 2,872,100 67,900 0
ENCAL ENERGY LTD COM 29250D107 10,493 1,614,300SH SOLE 1,614,300 0 0
EXTENDICARE INC CDA SUB VTG SHS 30224T871 8,431 1,993,260SH DEFINED 2 1,739,860 253,400 0
FAHNESTOCK VINER HLDGS INC CL A NON VTG 302921101 866 40,300SH DEFINED 3 0 40,300
FRACMASTER LTD COM 351906102 2 4,300SH DEFINED 3 0 4,300 0
GILDAN ACTIVEWEAR INC SUB VTG SHS A 375916103 8,167 440,700SH SOLE 440,700 0 0
GREENSTONE RES LTD COM 39573W104 256 631,500SH DEFINED 3 0 631,500 0
GULF CDA RES LTD ORD 40218L305 855 210,500SH DEFINED 4 0 210,500 0
HUMMINGBIRD COMMUNICATIONS COM 44544R101 1,367 59,700SH DEFINED 3 0 59,700 0
IMPERIAL OIL LTD COM NEW 453038408 97,019 3,380,450SH DEFINED 4 3,304,050 76,400 0
INCO LTD COM 453258402 102,052 5,052,076SH DEFINED 2,4 4,566,939 485,137 0
INCO LTD CL VBN SH 453258709 5,972 574,250SH SOLE 574,250 0 0
INTERTAPE POLYMER GROUP INC COM 460919103 74,949 1,897,450SH DEFINED 3 1,834,050 63,400 0
INTRAWEST CORPORATION COM NEW 460915200 50,295 1,957,000SH SOLE 1,957,000 0 0
IPSCO INC COM 462622101 87,823 2,952,050SH DEFINED 1,2 2,856,950 95,100 0
JANNOCK LTD COM 470888801 47,469 2,903,300SH SOLE 2,903,300 0 0
JETFORM CORP COM 477155105 770 159,700SH DEFINED 3 0 159,700 0
KINROSS GOLD CORP COM 496902107 793 250,000SH DEFINED 1 0 250,000 0
LAIDLAW INC COM 50730K503 47,308 5,375,880SH DEFINED 1,2,3,4 3,862,0801,513,800 0
MACKENZIE FINL CORP COM 554531103 3,596 202,600SH DEFINED 3 59,100 143,500 0
MACMILLAN BLOEDEL LTD COM 554783209 65,581 3,938,800SH DEFINED 2,3,4 3,128,600 810,200 0
MAGNA INTL INC CL A 559222401 145,673 1,674,400SH DEFINED 2,3,4 1,372,100 302,300 0
MERIDIAN GOLD INC COM 589975101 1,037 119,213SH DEFINED 2 0 119,213 0
METHANEX CORP COM 59151K108 19,688 3,977,400SH DEFINED 2,3 3,151,200 826,200 0
MICROCELL TELECOMMUNICATION CL B NON VTG 59501T304 611 49,856SH DEFINED 2 0 49,856
MITEL CORP COM 606711109 9,070 884,900SH DEFINED 1,3,4 89,200 795,700 0
MOORE LTD COM 615785102 27,818 1,848,400SH DEFINED 2,4 1,452,900 395,500 0
NUMAC ENERGY INC COM 67052A103 2,580 781,700SH DEFINED 2 0 781,700 0
NEWBRIDGE NETWORKS CORP COM 650901101 9,720 206,800SH DEFINED 2,3,4 0 206,800 0
NEWCOURT CR GROUP INC COM 650905102 3,630 89,200SH DEFINED 4 0 89,200 0
NORTHERN TELECOM LTD COM 665815106 91,020 968,300SH DEFINED 1,3,4 171,700 796,600 0
PETRO-CDA COM/VARIBL VTG71644E102 164,574 9,324,300SH DEFINED 1,2,3,4 8,244,7001,079,600 0
PETROMET RES LTD COM 716731104 9,746 2,998,900SH SOLE 2,998,900 0 0
PLACER DOME INC COM 725906101 22,675 1,357,800SH DEFINED 2,3,4 299,9001,057,900 0
POTASH CORP SASK INC COM 73755L107 109,421 1,363,500SH DEFINED 1,4 1,314,800 48,700 0
PREMDOR INC COM 74046P105 30,695 2,325,350SH DEFINED 3 2,223,950 101,400 0
QLT PHOTOTHERAPEUTICS INC COM 746927102 9,286 152,100SH DEFINED 2 0 152,100 0
QUEBECOR INC CL A MULT VTG 748193109 6,626 200,800SH SOLE 200,800 0 0
QUEBECOR PRINTING INC SUB VTG 747922102 41,084 1,194,310SH DEFINED 2 1,127,410 66,900 0
RIO ALGOM LTD COM 766889109 35,078 2,192,400SH DEFINED 1 2,142,400 50,000 0
ROGERS CANTEL MOBILE COMM CL B RSTRG VTG775102205 79,040 2,922,000SH SOLE 2,922,000 0
ROGERS COMMUNICATIONS INC CL B NON VTG 775109200 1,370 50,000SH SOLE 50,000
ROYAL BK CDA MONTREAL QUE COM 780087102 608,268 8,597,432SH DEFINED 1,3,4 7,767,432 830,000 0
ROYAL GROUP TECHNOLOGIES LT SUB VTG SH 779915107 119,405 3,209,800SH DEFINED 3 3,053,200 156,600 0
SMED INTL INC COM 83169D104 430 61,840SH DEFINED 2 0 61,840 0
SEAGRAM LTD COM 811850106 257,898 3,404,600SH DEFINED 4 2,883,200 521,400 0
SHAW COMMUNICATIONS INC CL B NON VTG 82028K200 5,810 119,800SH DEFINED 4 119,800
SPECTRAL DIAGNOSTICS INC COM 847574100 2,088 1,018,490SH DEFINED 2 775,000 243,490 0
SUNCOR ENERGY INC COM 867229106 340,867 6,716,600SH DEFINED 3,4 6,331,800 384,800 0
SUTTON RES LTD COM NEW 869474403 870 75,000SH SOLE 75,000 0 0
TLC THE LASER CTR INC COM 872934104 13,697 283,000SH SOLE 283,000 0 0
TALISMAN ENERGY INC COM 87425E103 40,590 1,239,381SH DEFINED 1,2,3,4 397,081 842,300 0
TELEGLOBE INC COM 87941V100 3,915 85,300SH DEFINED 1,4 0 85,300 0
TESMA INTL INC CL A SUB VTG 881908107 1,926 98,900SH SOLE 98,900 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 794,477 11,497,500SH DEFINED 2,3,4 10,452,2001,045,300 0
TRANSCANADA PIPELINES LTD COM 893526103 335,104 17,408,021SH DEFINED 1,2,3,4 15,902,1371,505,884 0
TRIZEC HAHN CORP SUB VTG 896938107 82,421 2,964,800SH DEFINED 2,3 2,701,200 263,600 0
UNITED DOMINION INDS LTD COM 909914103 9,272 310,100SH DEFINED 4 285,600 24,500 0
VITRAN INC COM 92850E107 3,308 398,600SH SOLE 398,600 0 0
WESCAST INDS INC CL A SUB VTG 950813105 3,281 76,300SH DEFINED 3 37,700 38,600 0
WESTCOAST ENERGY INC COM 95751D102 108,573 3,668,010SH DEFINED 1,2,4 3,466,310 201,700 0
CENTRAL PAC MINERALS NL ADR NEW 154762306 276 18,350SH DEFINED 3 0 18,350 0
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 632525408 389 2,850SH DEFINED 3 0 2,850 0
NEWS CORP LTD ADR NEW 652487703 1,568 35,125SH DEFINED 3 0 35,125 0
ALCATEL SPONSORED ADR 013904305 2,601 75,375SH DEFINED 3 0 75,375 0
ELF AQUITAINE SPONSORED ADR 286269105 2,439 23,950SH DEFINED 3 0 23,950 0
STMICROELECTRONICS N V COM 861012102 1,175 8,000SH DEFINED 1 0 8,000 0
TOTAL S A SPONSORED ADR 89151E109 6,704 72,650SH DEFINED 3 43,350 29,300 0
DAIMLERCHRYSLER AG ORD D1668R123 51,998 400,547SH SOLE 400,547 0 0
SAVILLE SYS PLC SPONSORED ADR 805174109 1,622 87,500SH SOLE 87,500 0 0
TELCOM ITALIA SPA SPONS ADR ORD 87927W106 2,597 16,450SH DEFINED 3 0 16,450 0
CANON INC ADR 138006309 1,459 40,400SH DEFINED 3 0 40,400 0
HONDA MOTOR LTD AMERN SHS 438128308 1,306 9,700SH DEFINED 3 0 9,700 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 1,055 14,300SH DEFINED 3 0 14,300 0
SONY CORP ADR NEW 835699307 3,398 24,600SH DEFINED 1,3 0 24,600 0
AKZO NOBEL NV SPONSORED ADR 010199305 2,513 44,900SH DEFINED 3 0 44,900 0
PHILIPS ELECTRS N V NEW YORK SHS 718337504 873 7,000SH DEFINED 1 0 7,000 0
ASTRA A B SPONSOR ADR B 046298204 1,658 48,833SH DEFINED 3 0 48,833 0
ERICSSON L M TEL CO ADR CL B SEK10294821400 573 15,900SH DEFINED 1 0 15,900 0
DIAGEO P L C SPNSRD ADR NEW25243Q205 3,621 52,315SH DEFINED 1,3 0 52,315 0
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 4,830 47,700SH DEFINED 1 36,300 11,400 0
MCCORMICK & CO INC COM NON VTG 579780206 1,044 23,800SH DEFINED 1 0 23,800
REUTERS GROUP PLC SPONSORED ADR 76132M102 1,314 10,000SH DEFINED 1 0 10,000 0
SHELL TRANS & TRADING PLC NEW YORK SH NE822703609 645 10,500SH DEFINED 1 0 10,500 0
SMITHKLINE BEECHAM PLC ADR REP ORD 832378301 2,423 22,400SH DEFINED 3 0 22,400 0
POHANG IRON & STL LTD SPONSORED ADR 730450103 739 27,338SH DEFINED 1,3 0 27,338 0
SK TELECOM LTD SPONSORED ADR 78440P108 2,806 152,190SH SOLE 152,190 0 0
PERUSAHAAN PERS INDO SATELLSPONSORED ADR 715680104 1,142 58,354SH DEFINED 1 0 58,354 0
PHILIPPINE LONG DISTANCE TESPONSORED ADR 718252604 12,526 320,000SH SOLE 320,000 0 0
FOMENTO ECONOMICO MEXICANO SPND ADR FEMSA344419106 501 10,700SH DEFINED 3 0 10,700 0
GRUPO INDL MASECA S A DE C SPONSD ADR NEW400488409 2,056 110,400SH SOLE 110,400 0 0
GRUPO TELEVISA SA DE CV SPN ADR REPORD40049J206 3,596 75,763SH DEFINED 1 44,000 31,763 0
PANAMERICAN BEVERAGES INC CL A P74823108 705 26,540SH DEFINED 1,3 0 26,540 0
TV AZTECA S A DE C V SPONSORED ADR 901145102 58 6,130SH DEFINED 1 0 6,130 0
TELEFONOS DE MEXICO S A SP ADR REP ORD879403780 9,746 98,355SH DEFINED 1 81,900 16,455 0
TUBOS DE ACERO DE MEXICO S ADR NEW 898592506 912 67,000SH SOLE 67,000 0 0
BANCO DE SANTANDER ADR 059574202 3,092 101,572SH DEFINED 3 0 101,572 0
NOKIA CORP SPONSORED ADR 654902204 63,110 267,850SH SOLE 267,850 0 0
STET HELLAS COMMUNICATIONS ADR 859823106 672 15,000SH SOLE 15,000 0 0
TELECOM CORP NEW ZEALAND LTSPONSORED ADR 879278208 605 10,250SH DEFINED 3 0 10,250 0
MAGYAR TAVKOZLESI RT SPONSORED ADR 559776109 2,428 60,000SH SOLE 60,000 0 0
IRSA INVERSIONERS Y REP S AGLOBL DEP RCPT450047204 257 6,437SH DEFINED 1 0 6,437 0
TELEFONICA DE ARGENTINA S ASPNSR ADR CL B879378206 3,194 69,800SH SOLE 69,800 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 3,793 79,432SH DEFINED 1 41,500 37,932 0
ARACRUZ CELULOSE S A SPNSR ADR CL B038496204 202 9,200SH DEFINED 1 0 9,200 0
COMPANHIA BRASILEIRA DE DIS ADR 20440T201 1,943 87,820SH SOLE 87,820 0 0
COMPANHIA CERVEJARIA BRAHMNSPONSD ADR PFD20440X103 34 2,395SH DEFINED 1 0 2,395 0
EMBRATEL PARTICIPACOES S A SPONS ADR PFD 29081N100 177 7,000SH DEFINED 1 0 7,000 0
TELE NORTE LESTE PART S A SPONS ADR PFD 879246106 939 40,366SH DEFINED 1 0 40,366 0
TELE SUDESTE CELULAR PART SSPONS ADR PFD 879252104 931 30,400SH SOLE 30,400 0 0
TELECOMUNICACOES BRASILEIRASPONSORED ADR 879287308 1,160 9,507SH DEFINED 1 0 9,507 0
TELESP PARTICIPACOES S A SPONS ADR PFD 87952K100 265 8,500SH DEFINED 1 0 8,500 0
UNIBANCO-UNIAO DE BANCOS BRGDR REP PFD UT90458E107 4,642 159,391SH DEFINED 1 134,000 25,391 0
TEVA PHARMACEUTICAL INDS LT ADR 881624209 286 3,979SH DEFINED 1 0 3,979 0
ANGLOGOLD LTD SPONSORED ADR 035128206 291 9,565SH DEFINED 1 0 9,565 0
DE BEERS CONS MINES LTD ADR DEFD 240253302 5,048 176,200SH SOLE 176,200 0 0
BANCO SANTANDER CHILE SPON ADR SER A05965F108 259 11,400SH DEFINED 1 0 11,400 0
COMPANIA DE TELECOMUNICS CHSPNSRD ADR NEW204449300 3,553 99,680SH SOLE 99,680 0 0
ENERSIS S A SPONSORED ADR 29274F104 219 5,389SH DEFINED 1 0 5,389 0
COMPANIA ANMIMA NACIOL TEL SPN ADR 7D SHS204421101 292 10,612SH DEFINED 1 0 10,612 0
COMPANIA DE MINAS BUENAVENTSPNS ADR SER B204448104 1,774 88,500SH SOLE 88,500 0 0
CREDICORP LTD COM G2519Y108 63 4,289SH DEFINED 1 0 4,289 0
IPC HLDGS LTD ORD G4933P101 39,030 1,298,100SH SOLE 1,298,100 0 0
LASALLE RE HLDGS LTD ORD G5383Q101 18,116 811,900SH SOLE 811,900 0 0
PARTNERRE LTD COM G6852T105 46,453 758,200SH SOLE 758,200 0 0
XL CAPITAL LTD CL A G32429105 4,338 47,200SH DEFINED 1 35,000 12,200 0
GRAND TOTAL $ 13,248,139
The Fair Market Values are reported to the nearest thousand dollars
as at March 31, 2000
The Fair Market Values are reported in Canadian terms, using an exchange
rate of $1.00 U.S. being equivalent to $1.51 Canadian as at March 31, 1999.
</TABLE>
