|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: BANK HOLDING CO, 10QSB, 1997-05-15 |
Next: FX ENERGY INC, 10QSB, 1997-05-15 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/97
Institutional Investment Manager:
SECURITIES MANAGEMENT AND RESEARCH, INC.
ONE MOODY PLAZA
GALVESTON TX 77550
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL
INFORMATION IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND
COMPLETE AND I UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES
ARE INTEGRAL PARTS OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT
REPRESENTS THAT ALL UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE,
CORRECT AND COMPLETE AS PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
BRENDA T. KOELEMAY VICE PRESIDENT/TREASURER 409-763-2767
Signature, Place and Date of Signing:
/s/ BRENDA T. KOELEMAY GALVESTON TX 05/14/97
Other Managers on Whose Behalf this Report is Filed:
01 AMERICAN NATIONAL INSURANCE CO.
<PAGE> PAGE 2
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ADVANCED MICRO DEVICES COM 007903107 4648 112000 SH DEFINED 01 112000
ALBERTSONS INC COM 013104104 5930 174400 SH DEFINED 01 174400
ALLEGHENY POWER COM 017411109 3256 109900 SH DEFINED 01 109900
ALLERGAN, INC COM 018490102 6189 212500 SH DEFINED 01 212500
ALLTEL COM 020039103 7394 227500 SH DEFINED 01 227500
AMERICAN GENERAL CORP COM 026351106 4014 98500 SH DEFINED 01 98500
AMERICAN TELEPH & TELEGRAPH COM 001957109 10099 286500 SH DEFINED 01 286500
AMGEN INC COM 031162100 8772 157000 SH DEFINED 01 157000
AMOCO CORP COM 031905102 23389 270000 SH DEFINED 01 270000
ASHLAND OIL COM 044540102 7285 181000 SH DEFINED 01 181000
AVNET INC COM 053807103 12684 225000 SH DEFINED 01 225000
BANC ONE COM 059438101 6320 15900 SH DEFINED 01 15900
BANTA COM 066821109 7410 290600 SH DEFINED 01 290600
BERGEN BRUNSWIG COM 083739102 7435 249900 SH DEFINED 01 249900
BRISTOL MYERS SQUIBB CO COM 110122108 25488 432000 SH DEFINED 01 432000
BURLINGTON COM 121897102 4092 55300 SH DEFINED 01 55300
CRYSLER CORP. COM 171196108 4980 166000 SH DEFINED 01 166000
COLUMBIA/HCA HEALTHCARE COM 197677107 12730 378600 SH DEFINED 01 378600
COMPAQ COMPUTER CORP COM 204493100 7663 100000 SH DEFINED 01 100000
COTT CORPORATION COM 22163N106 4157 421000 SH DEFINED 01 421000
CYPRUS AMAX MINERALS CO COM 232809103 6308 265600 SH DEFINED 01 265600
DTE ENERGY CO. COM 250847100 2822 105000 SH DEFINED 01 105000
DILLARD DEPT STORES INC CL A 254063100 11057 351000 SH DEFINED 01 351000
DOLE FOOD CO. COM 256605106 6984 185000 SH DEFINED 01 185000
DOW CHEM CO COM 260543103 609 7625 SH DEFINED 01 7625
DU PONT E I DE NEMOURS & CO COM 263534109 10070 95000 SH DEFINED 01 95000
EASTMAN CHEM CO COM 277432100 2956 55000 SH DEFINED 01 55000
ELECTRONIC DATA SYSTEMS CORP COM 285661104 8916 222200 SH DEFINED 01 222200
EMERSON ELEC CO COM 291011104 9630 214000 SH DEFINED 01 214000
FLUOR DANIEL COM 343861100 6799 129500 SH DEFINED 01 129500
FORD MOTORS COM 345370100 2698 86000 SH DEFINED 01 86000
FOSTER WHEELER CORP COM 350244109 10789 305000 SH DEFINED 01 305000
GENERAL ELEC CO COM 369604103 21438 216000 SH DEFINED 01 216000
GENERAL MOTORS COM 370442105 2974 53700 SH DEFINED 01 53700
GTE CORP COM 362320103 11423 245000 SH DEFINED 01 245000
GUILFORD MLS INC COM 401794102 8061 267600 SH DEFINED 01 267600
HERCULES, INC. COM 427056106 6342 150100 SH DEFINED 01 150100
HEWLETT PACKARD CO COM 428236103 21350 400000 SH DEFINED 01 400000
IBP COM 449223106 7161 290800 SH DEFINED 01 290800
IMPERIAL CHEMICAL COM 452704505 16926 372000 SH DEFINED 01 372000
INTERNATIONAL BUSINESS MACHS COM 459200101 7000 51000 SH DEFINED 01 51000
JOHNSON & JOHNSON COM 478160104 10575 200000 SH DEFINED 01 200000
KELLWOOD COM 488044108 4888 195500 SH DEFINED 01 195500
KU ENERGY COM 482734100 3426 114200 SH DEFINED 01 114200
LOUISIANA PAC CORP COM 546347105 3362 162000 SH DEFINED 01 162000
LUCENT TECHNOLOGIES COM 549463107 4875 92849 SH DEFINED 01 92849
MALLINCKRODT GROUP COM 561226101 4532 110200 SH DEFINED 01 110200
MARK IV INDUSTRIES, INC COM 570387100 2350 100000 SH DEFINED 01 100000
MCCORMICK & CO COM 579780206 7313 298500 SH DEFINED 01 298500
MEAD CORP COM 582834107 6201 117000 SH DEFINED 01 117000
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MEDPARTNERS, INC COM 58503X107 3188 150000 SH DEFINED 01 150000
MERCK & CO INC COM 589331107 8425 100000 SH DEFINED 01 100000
MERCURY FINANCE COM 589395102 1369 547600 SH DEFINED 01 547600
MODINE COM 607828100 1291 52700 SH DEFINED 01 52700
MORGAN J P & CO INC COM 616880100 8941 91000 SH DEFINED 01 91000
MOTOROLA COM 620076109 10285 170000 SH DEFINED 01 170000
NCR COM 62886E108 629 17905 SH DEFINED 01 17905
NATIONAL HEALTH INVESTORS COM 63633D104 3378 91000 SH DEFINED 01 91000
NATIONSBANK COM 638585109 7548 136000 SH DEFINED 01 136000
NORWEST CORP. COM 669380107 9819 212300 SH DEFINED 01 212300
OGE ENERGY CORP. COM 678858101 3409 81400 SH DEFINED 01 81400
PEPSICO INC COM 713448108 12950 400000 SH DEFINED 01 400000
PFIZER INC COM 717081103 25658 305000 SH DEFINED 01 305000
PROCTER & GAMBLE CO COM 742718109 24557 214000 SH DEFINED 01 214000
QUAKER OATS CO COM 747402105 365 10000 SH DEFINED 01 10000
R P SCHERER CORP COM 806528105 8840 170400 SH DEFINED 01 170400
SARA LEE CORP COM 803111103 8136 200900 SH DEFINED 01 200900
SCHERING PLOUGH CORP COM 806605101 14550 200000 SH DEFINED 01 200000
SEQUENT COMPUTER COM 817338106 1500 100000 SH DEFINED 01 100000
SILICON GRAPHICS COM 827056102 4924 252500 SH DEFINED 01 252500
SINGER CO N V COM 82930F109 4758 260700 SH DEFINED 01 260700
SOCIETE NATIONALE ELF AQUITAIN SPONSORED ADR 833658404 16469 334400 SH DEFINED 01 334400
STORAGE TECHNOLOGY CORP. COM 862111200 6478 164000 SH DEFINED 01 164000
TANDEM COMPUTER COM 875370108 6080 512000 SH DEFINED 01 512000
TEXACO INC COM 881694103 5278 48200 SH DEFINED 01 48200
THE LIMITED, INC COM 532716107 7286 396500 SH DEFINED 01 396500
TOYS R US COM 892335100 7560 270000 SH DEFINED 01 270000
U S WEST INC COM 912889102 8943 264000 SH DEFINED 01 264000
U S WEST MEDIA GROUP COM 912889201 4884 264000 SH DEFINED 01 264000
UNIVERSAL FOODS COM 913538104 6557 197200 SH DEFINED 01 197200
UNOCAL CORP COM 915289102 4255 111600 SH DEFINED 01 111600
WMX TECHNOLOGIES INC COM 92929Q107 12924 422000 SH DEFINED 01 422000
WAL MART STORES INC COM 931142103 9896 355000 SH DEFINED 01 355000
WARNER LAMBERT CO COM 934488107 27680 320000 SH DEFINED 01 320000
WEYERHAEUSER CO COM 962166104 7345 164600 SH DEFINED 01 164600
WHEELABRATOR TECHNOLOGIES COM 962901302 3138 239100 SH DEFINED 01 239100
ABBOTT LABS COM 002824100 1094 19500 SH SOLE 19500
ADVANCED MICRO DEVICES COM 007903107 324 7800 SH SOLE 7800
ALBERTSONS INC COM 013104104 459 13500 SH SOLE 13500
ALLEGHENY POWER COM 017411109 264 8900 SH SOLE 8900
ALLERGAN, INC COM 018490102 358 12300 SH SOLE 12300
ALLTEL COM 020039103 514 15800 SH SOLE 15800
AMERICAN GENERAL CORP COM 026351106 338 8300 SH SOLE 8300
AMERICAN HOME PRODUCTS COM 026609107 216 3600 SH SOLE 3600
AMERICAN TEL & TELEG CO COM 001957109 529 15000 SH SOLE 15000
AMGEN COM 031162100 464 8300 SH SOLE 8300
AMOCO CORP COM 031905102 1252 14450 SH SOLE 14450
AVNET INC COM 053807103 956 16950 SH SOLE 16950
BMC SOFTWARE COM 055921100 498 10800 SH SOLE 10800
BANC ONE COM 059438101 537 13500 SH SOLE 13500
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BANTA COM 066821109 505 19800 SH SOLE 19800
BECKMAN INSTRUMENTS INC. COM 075816108 273 6500 SH SOLE 6500
BERGEN BRUNSWIG COM 083739102 485 16300 SH SOLE 16300
BRISTOL MYERS SQUIBB CO COM 110122108 1540 26100 SH SOLE 26100
CABOT CORP COM 127055101 341 14200 SH SOLE 14200
CHEVRON CORPORATION COM 166751107 884 12700 SH SOLE 12700
CHRYSLER CORP COM 171196108 273 9100 SH SOLE 9100
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 905 26900 SH SOLE 26900
COMPAQ COMPUTERS COM 204493100 552 7200 SH SOLE 7200
COMERICA INC. COM 200340107 598 10600 SH SOLE 10600
CYPRESS MINERALS COM 232809103 328 13800 SH SOLE 13800
DTE ENERGY CO COM 250847100 478 17800 SH SOLE 17800
DATASCOPE CORP. COM 238113104 277 15200 SH SOLE 15200
DEAN WITTER DISCOVER COM 24240V101 370 10600 SH SOLE 10600
DOLE FOOD CO. COM 256605106 559 14800 SH SOLE 14800
DU PONT E I DE NEMOURS & CO COM 263534109 769 7250 SH SOLE 7250
ELECTRONIC DATA SYSTEMS CORP COM 285661104 417 19580 SH SOLE 19580
EMERSON ELECTRIC COM 291011104 774 17200 SH SOLE 17200
FLUOR CORP COM 343861100 738 14050 SH SOLE 14050
FORD MOTORS COM 345370100 320 10200 SH SOLE 10200
FOSTER WHEELER CORP COM 350244109 527 14900 SH SOLE 14900
GTE CORP COM 362320103 606 13000 SH SOLE 13000
GENERAL ELEC CO COM 369604103 1732 17450 SH SOLE 17450
GENERAL MOTORS INC COM 370442105 482 8700 SH SOLE 8700
GENERAL SIGNAL COM 370838104 481 12300 SH SOLE 12300
GUILFORD MILLS COM 401794102 446 14800 SH SOLE 14800
HERCULES, INC. COM 427056106 507 12000 SH SOLE 12000
HEWLETT-PACCCKARD CO COM 428236103 955 17900 SH SOLE 17900
IBP COM 449223106 478 19400 SH SOLE 19400
IMPERIAL CHEMICAL COM 452704505 1051 23100 SH SOLE 23100
JOHNSON & JOHNSON COM 478160104 613 11600 SH SOLE 11600
KU ENERGY COM 482734100 276 9200 SH SOLE 9200
LCI INTERNATIONAL INC. COM 501813109 546 32600 SH SOLE 32600
LOUISIANA PACIFIC COM 546347105 270 13000 SH SOLE 13000
LUCENT TECHNOLOGIES COM 549463107 253 4822 SH SOLE 4822
MARK IV INDUSTRIES INC COM 570387100 578 24600 SH SOLE 24600
MEAD CORP COM 582834107 408 7700 SH SOLE 7700
MEDPARTNERS, INC. COM 58503X107 587 27600 SH SOLE 27600
MERCK & CO INC COM 589331107 969 11500 SH SOLE 11500
MERCURY FINANCE COM 589395102 49 19600 SH SOLE 19600
MORGAN J P & CO INC COM 616880100 678 6900 SH SOLE 6900
MODINE MANUFACTURING COM 607828100 235 9600 SH SOLE 9600
MOTOROLA COM 620076109 436 7200 SH SOLE 7200
NATIONAL HEALTH INVESTORS COM 63633D104 531 14300 SH SOLE 14300
NATIONSBANK COM 638585109 1347 24278 SH SOLE 24278
NOBLE AFFILIATES COM 654894104 249 6600 SH SOLE 6600
NORWEST COM 669380107 851 18400 SH SOLE 18400
OGE ENERGY CORP. COM 678858101 285 6800 SH SOLE 6800
OCCIDENTAL PETROLEUM COM 674599105 451 18300 SH SOLE 18300
PACIFICARE HEALTH SYSTEM B COM 695110205 224 2600 SH SOLE 2600
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PEPSICO INC COM 713448108 1606 49600 SH SOLE 49600
PFIZER INC COM 717081103 1178 14000 SH SOLE 14000
PHARMACIA & UPJOHN INC COM 716941109 266 7250 SH SOLE 7250
PHILLIP MORRIS COS. INC. COM 718154107 320 2800 SH SOLE 2800
PROCTER & GAMBLE CO COM 742718109 1716 14950 SH SOLE 14950
R P SCHERER CORP COM 806528105 617 11900 SH SOLE 11900
SARA LEE CORP COM 803111103 636 15700 SH SOLE 15700
SBC COMMUNICATIONS INC COM 78387G103 499 9500 SH SOLE 9500
SCHERING PLOUGH CORP COM 806605101 1604 22050 SH SOLE 22050
SEQUENT COMPUTER SYSTEMS COM 817338106 263 17500 SH SOLE 17500
SILICON GRAPHICS COM 827056102 335 17200 SH SOLE 17200
STORAGE TECHNOLOGY COM 862111200 490 12400 SH SOLE 12400
SOCIETE NATIONALE ELF AQUITAIN SPONSORED ADR 833658404 964 19580 SH SOLE 19580
SUN MICROSYSTEMS INC COM 866810104 528 18300 SH SOLE 18300
TANDEM COMPUTERS INC COM 875370108 303 25500 SH SOLE 25500
TENNECO COM 880370100 332 8500 SH SOLE 8500
THE LIMITED, INC. COM 532716107 584 31800 SH SOLE 31800
TOYS "R" US COM 892335100 325 11600 SH SOLE 11600
UNOCAL CORP COM 915289102 629 16500 SH SOLE 16500
UNIVERSAL FOODS COM 913538104 319 9600 SH SOLE 9600
U S WEST INC COM 912889102 508 15000 SH SOLE 15000
U S WEST MEDIA GROUP COM 912889201 239 12900 SH SOLE 12900
UST INC COM 902911106 332 11900 SH SOLE 11900
WALMART COM 931142103 521 18700 SH SOLE 18700
WEYERHAEUSER CO COM 962166104 477 10700 SH SOLE 10700
WHEELABRATOR TECHNOLOGIES COM 962901302 319 24300 SH SOLE 24300
WMX TECHNOLOGIES INC COM 92929Q107 845 27600 SH SOLE 27600
ABBOTT LABS COM 002824100 7190 128100 SH DEFINED 01 128100
ADVANCED MICRO DEVIC COM 007903107 1847 44500 SH DEFINED 01 44500
ALBERTSONS INC COM 013104104 3451 101500 SH DEFINED 01 101500
ALLEGHENY POWER COM 017411109 838 28300 SH DEFINED 01 28300
ALLERGAN INC COM 018490102 2519 86500 SH DEFINED 01 86500
ALLTEL COM 020039103 3474 106900 SH DEFINED 01 106900
AMERICAN GENERAL CORP COM 026351106 982 24100 SH DEFINED 01 24100
AMERICAN STATES FINANCIAL COM 029861101 3795 113700 SH DEFINED 01 113700
AMERICAN TEL & TELEG CO COM 030177109 3937 113300 SH DEFINED 01 113300
AMGEN INC COM 031162100 1252 22400 SH DEFINED 01 22400
AMOCO CORP COM 031905102 3985 46000 SH DEFINED 01 46000
ARNOLD INDUSTRIES COM 042595108 1589 112500 SH DEFINED 01 112500
ASHLAND, INC COM 044204015 2228 55346 SH DEFINED 01 55346
AVNET INC COM 053807103 2858 50700 SH DEFINED 01 50700
BALTIMORE GAS & ELECTRIC COM 059165100 704 26300 SH DEFINED 01 26300
BANC ONE COM 059438101 4539 114200 SH DEFINED 01 114200
BANTA COM 066821109 3369 132100 SH DEFINED 01 132100
BAY NETWORKS INC COM 072510100 282 15750 SH DEFINED 01 15750
BECKMAN INSTRUMENTS INC COM 075816108 903 21500 SH DEFINED 01 21500
BERGEN BRUNSWIG COM 083739102 3073 103300 SH DEFINED 01 103300
BMC SOFTWARE COM 055921100 2177 47200 SH DEFINED 01 47200
CABOT CORP COM 127055101 840 35000 SH DEFINED 01 35000
CENTERPOINT PROPERTIES COM 151895109 1985 64800 SH DEFINED 01 64800
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CHEVRON CORPORATION COM 166751107 4957 71200 SH DEFINED 01 71200
CHRYSLER CORP COM 171196108 774 25800 SH DEFINED 01 25800
COCA COLA CO COM 191216100 1676 30000 SH DEFINED 01 30000
COLUMBIA HEALTHCARE COM 197677107 1659 49350 SH DEFINED 01 49350
COMCAST CORP A COM 200300200 1468 87000 SH DEFINED 01 87000
COMERICA INC. COM 200340107 3890 69000 SH DEFINED 01 69000
COMPAQ COMPUTER CORP COM 204493100 2720 35500 SH DEFINED 01 35500
COVENANT TRANSPORT COM 22284P105 297 21000 SH DEFINED 01 21000
CYPRUS AMAX MINERALS CO COM 232809103 3301 139000 SH DEFINED 01 139000
DTE ENERGY CO. COM 250847100 1927 71700 SH DEFINED 01 71700
DATASCOPE CORP. COM 238113104 934 51200 SH DEFINED 01 51200
DEAN WITTER DISCOVER COM 24240V101 4366 125200 SH DEFINED 01 125200
DELUXE CORP. COM 248019101 1619 50000 SH DEFINED 01 50000
DEXTER CORP. COM 252165105 1597 53000 SH DEFINED 01 53000
DOLE FOOD CO. COM 256605106 3216 85200 SH DEFINED 01 85200
DU PONT E I DE NEMOURS & CO COM 263534109 4452 42000 SH DEFINED 01 42000
ELECTRONIC DATA SYSTEMS CORP COM 285661104 1026 25400 SH DEFINED 01 25400
EXXON COM 302290101 1670 15500 SH DEFINED 01 15500
FLUOR CORP COM 343861100 4547 86600 SH DEFINED 01 86600
FOOD LION INC CLASS A COM 334775202 5117 625000 SH DEFINED 01 625000
FORD MOTOR COMPANY COM 345370100 5092 162299 SH DEFINED 01 162299
FOSTER WHEELER CORP COM 350244109 2954 83500 SH DEFINED 01 83500
GTE CORP COM 362320103 3054 65500 SH DEFINED 01 65500
GENERAL ELECTRIC COM 369604103 278 2800 SH DEFINED 01 2800
GENERAL MOTORS COM 370442402 2880 52000 SH DEFINED 01 52000
GENERAL SIGNAL COM 370838104 4429 113200 SH DEFINED 01 113200
GIANT CEMENT HOLDING COM 374450104 1201 77500 SH DEFINED 01 77500
GLAFELTER P.H. COM 377316104 1551 94000 SH DEFINED 01 94000
GREENBRIAR COMPANIES COM 393657101 570 63300 SH DEFINED 01 63300
GUILFORD MLS INC COM 401794102 2970 98600 SH DEFINED 01 98600
HEALTH&REHABILITATION PPTYS TR COM SH BEN INT 422169102 2034 113000 SH DEFINED 01 113000
HERCULES, INC. COM 427056106 3017 71400 SH DEFINED 01 71400
HEWLETT PACKARD CO COM 4238236103 8573 161000 SH DEFINED 01 161000
HOSPITALITY PROPERTIES COM 44106M102 1531 50000 SH DEFINED 01 50000
HUDSON FOODS CL A 443782107 391 25000 SH DEFINED 01 25000
IBP COM 449223106 3322 134900 SH DEFINED 01 134900
IMPERIAL CHEMICAL COM 452704505 7849 172500 SH DEFINED 01 172500
J & L SPECIALTY COM 466046109 318 26500 SH DEFINED 01 26500
JOHNSON & JOHNSON COM 478160104 1904 36000 SH DEFINED 01 36000
KU ENERGY COM 482734100 851 28500 SH DEFINED 01 28500
KELLWOOD COM 488044108 3668 146700 SH DEFINED 01 146700
KERR-MCGEE CORP. COM 492386107 755 12200 SH DEFINED 01 12200
LCI INTERNATIONAL INC. COM 501813109 1832 109400 SH DEFINED 01 109400
LIBERTY TRUST PROPER COM 531172104 1838 75000 SH DEFINED 01 75000
LOUISIANA PAC CORP COM 546347105 865 41700 SH DEFINED 01 41700
LUCENT TECHNOLOGIES COM 549463107 1937 36716 SH DEFINED 01 36716
MARK IV INDUSTRIES INC. COM 570387100 2009 85500 SH DEFINED 01 85500
MCCORMICK & CO COM 579780206 3234 132000 SH DEFINED 01 132000
MEAD CORPORATION COM 582834107 3355 63300 SH DEFINED 01 63300
MEDPARTNERS INC. COM 58503X107 1377 64800 SH DEFINED 01 64800
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MERCK & CO INC COM 589331107 3033 36000 SH DEFINED 01 36000
MERCURY FINANCE COM 589395102 659 250900 SH DEFINED 01 250900
MODINE MANUFACTURING COM 607828100 2465 100600 SH DEFINED 01 100600
MORGAN J P & CO INC COM 616880100 3075 31300 SH DEFINED 01 31300
MOTOROLA COM 620076109 4534 75100 SH DEFINED 01 75100
MURPHY OIL CORP. COM 626717102 757 16100 SH DEFINED 01 16100
NATIONAL HEALTH INVESTORS COM 63633D104 1700 45800 SH DEFINED 01 45800
NATIONSBANK CORP COM 638585109 6346 114600 SH DEFINED 01 114600
NEWBRIDGE NETWORKS COM 650901101 933 32600 SH DEFINED 01 32600
NOBLE AFFILIATES INC. COM 654894104 1019 27000 SH DEFINED 01 27000
NORWEST CORP COM 669380107 5162 111600 SH DEFINED 01 111600
OGE ENERGY CORP. COM 678858101 2295 54800 SH DEFINED 01 54800
OCCIDENTAL PETROLEUM COM 674599105 3002 121900 SH DEFINED 01 121900
OMEGA HEALTHCARE INVS INC COM 681936100 1875 60000 SH DEFINED 01 60000
PACIFICARE CL B COM 695110205 1001 11600 SH DEFINED 01 11600
PALL CORP. COM 696429307 1503 65000 SH DEFINED 01 65000
PEPSICO INC COM 713448108 8297 254300 SH DEFINED 01 254300
PFIZER INC COM 717081103 219 2600 SH DEFINED 01 2600
PHILLIPS VAN HUSEN COM 718592108 855 72000 SH DEFINED 01 72000
PROCTER & GAMBLE CO COM 742718109 4163 36200 SH DEFINED 01 36200
RAYTHEON CO COM 755111101 2256 50000 SH DEFINED 01 50000
RJR NABISCO PERCS PFD 74960K884 1341 206240 SH DEFINED 01 206240
R P SCHERER CORP COM 806528105 1951 37600 SH DEFINED 01 37600
SARA LEE CORP COM 803111103 3710 91600 SH DEFINED 01 91600
SCHERING PLOUGH CORP COM 806605101 4743 65200 SH DEFINED 01 65200
SECURITY CAPITAL INDUSTRIAL PFD 814138301 1269 47000 SH DEFINED 01 47000
SEQUENT COMPUTER SYSTEMS COM 817338106 1119 74600 SH DEFINED 01 74600
SILICON GRAPHICS COM 827056102 1135 58200 SH DEFINED 01 58200
STORAGE TECHNOLOGY CORP COM 862111200 1680 42800 SH DEFINED 01 42800
SOCIETE NATIONALE ELF AQUITAIN SPONSORED ADR 833658404 4649 94400 SH DEFINED 01 94400
ST PAUL CAP PFD PFD 792856205 1190 20000 SH DEFINED 01 20000
SUN MICROSYSTEMS INC COM 866810104 2252 78000 SH DEFINED 01 78000
TANDEM COMPUTERS INC COM 875370108 1850 155800 SH DEFINED 01 155800
TELE-COMMUNICATIONS INC COM 87924V101 618 51500 SH DEFINED 01 51500
TENNECO COM 880370101 2820 72300 SH DEFINED 01 72300
TEXACO INC COM 881694103 2738 25000 SH DEFINED 01 25000
THE LIMITED INC COM 532716107 3363 183000 SH DEFINED 01 183000
TOYS R US COM 892335100 848 30300 SH DEFINED 01 30300
UNION PACIFIC RESOURCES GROUP COM 907834105 1457 54455 SH DEFINED 01 54455
UNION TEXAS PETROLEUM COM 908640105 847 46100 SH DEFINED 01 46100
UNIVERSAL FOODS COM 913538104 3534 106300 SH DEFINED 01 106300
U S WEST INC COM 912889102 3682 108300 SH DEFINED 01 108300
U S WEST MEDIA GROUP COM 912889201 1095 58800 SH DEFINED 01 58800
UST INC COM 902911106 2910 104400 SH DEFINED 01 104400
UNOCAL CORP COM 915289102 3927 103000 SH DEFINED 01 103000
UNOCAL PFD 91528T207 3652 67000 SH DEFINED 01 67000
WMX TECHNOLOGIES INC COM 92929Q107 5096 166400 SH DEFINED 01 166400
WAL MART STORES INC COM 931142103 3345 120000 SH DEFINED 01 120000
WARNER LAMBERT CO COM 934488107 640 7400 SH DEFINED 01 7400
WESTERN GAS RESOURCES PFD 958259301 1166 31000 SH DEFINED 01 31000
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WEYERHAEUSER CO COM 962166104 1955 43800 SH DEFINED 01 43800
WHEELABRATOR TECH. COM 962901302 1288 98100 SH DEFINED 01 98100
WHIRLPOOL CORP COM 963320106 3667 77000 SH DEFINED 01 77000
REPORT SUMMARY 303 DATA RECORDS 1071463 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
|
|