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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
The PMI Group Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
69344M101
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(Continued on following page(s))
Page 1
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CUSIP No. 69344M101 13G Page 2
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Barclays Global Investors. N.A., 943112180
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
Number of Shares (5) SOLE VOTING POWER
Beneficially Owned 1,845,468
by Each Reporting (6) SHARED VOTING POWER
Person With 0
(7) SOLE DISPOSITIVE POWER
1,975,100
(8) SHARED DISPOSITIVE POWER
0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,975,100
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
(12) TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 69344M101 13G Page 2A
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Barclays Global Fund Advisors
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
Number of Shares (5) SOLE VOTING POWER
Beneficially Owned 82,295
by Each Reporting (6) SHARED VOTING POWER
Person With 0
(7) SOLE DISPOSITIVE POWER
85,513
(8) SHARED DISPOSITIVE POWER
0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,513
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
(12) TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 69344M101 13G Page 2B
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Barclays Bank PLC
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
Number of Shares (5) SOLE VOTING POWER
Beneficially Owned 16,800
by Each Reporting (6) SHARED VOTING POWER
Person With 0
(7) SOLE DISPOSITIVE POWER
16,800
(8) SHARED DISPOSITIVE POWER
0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,800
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
(12) TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 69344M101 13G Page 2C
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Barclays Funds Limited
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
Number of Shares (5) SOLE VOTING POWER
Beneficially Owned 4,200
by Each Reporting (6) SHARED VOTING POWER
Person With 0
(7) SOLE DISPOSITIVE POWER
4,200
(8) SHARED DISPOSITIVE POWER
0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,200
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
(12) TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 69344M101 13G Page 2D
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Barclays Global Investors, LTD.
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
Number of Shares (5) SOLE VOTING POWER
Beneficially Owned 58,420
by Each Reporting (6) SHARED VOTING POWER
Person With 0
(7) SOLE DISPOSITIVE POWER
69,025
(8) SHARED DISPOSITIVE POWER
0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
69,025
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
(12) TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3
ITEM 1(A). NAME OF ISSUER
The PMI Group Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
601 Montgomery Street
San Francisco, Ca 94111
ITEM 2(A). NAME OF PERSON(S) FILING
Barclays Global Investors, N.A.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
45 Fremont Street
San Francisco, CA 94105
ITEM 2(C). CITIZENSHIP
U.S.A
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E). CUSIP NUMBER
69344M101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) // Broker or Dealer registered under Section 15 of the Act
(b) // Bank as defined in section 3(a) (6) of the Act
X
(c) // Insurance Company as defined in section 3(a) (19) of the Act
(d) // Investment Company registered under section 8 of the Investment Company
Act
(e) // Investment Adviser registered under section 203 of the Investment
Advisers Act of 940
(f) // Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see Rule 13d-1(b)(1)(ii)(F)
(g) // Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note:See Item 7)
(h) // Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 3A
ITEM 1(A). NAME OF ISSUER
The PMI Group Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
601 Montgomery Street
San Francisco, Ca 94111
ITEM 2(A). NAME OF PERSON(S) FILING
Barclays Global Fund Advisors
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
45 Fremont Street
San Francisco, CA 94105
ITEM 2(C). CITIZENSHIP
U.S.A
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E). CUSIP NUMBER
69344M101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) // Broker or Dealer registered under Section 15 of the Act
(b) // Bank as defined in section 3(a) (6) of the Act
X
(c) // Insurance Company as defined in section 3(a) (19) of the Act
(d) // Investment Company registered under section 8 of the Investment Company
Act
(e) // Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) // Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see Rule 13d-1(b)(1)(ii)(F)
(g) // Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note:See Item 7)
(h) // Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 3B
ITEM 1(A). NAME OF ISSUER
The PMI Group Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
601 Montgomery Street
San Francisco, Ca 94111
ITEM 2(A). NAME OF PERSON(S) FILING
Barclays Bank PLC
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
54 Lombard Street
London England EC3P 3AH
ITEM 2(C). CITIZENSHIP
United Kingdom
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E). CUSIP NUMBER
69344M101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) // Broker or Dealer registered under Section 15 of the Act
(b) // Bank as defined in section 3(a) (6) of the Act
X
(c) // Insurance Company as defined in section 3(a) (19) of the Act
(d) // Investment Company registered under section 8 of the Investment Company
Act
(e) // Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) // Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see Rule 13d-1(b)(1)(ii)(F)
(g) // Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note:See Item 7)
(h) // Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 3C
ITEM 1(A). NAME OF ISSUER
The PMI Group Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
601 Montgomery Street
San Francisco, Ca 94111
ITEM 2(A). NAME OF PERSON(S) FILING
Barclays Fund Limited
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Gredley House, 11 The Broadway
Stratford, England E15 4BJ
ITEM 2(C). CITIZENSHIP
United Kingdom
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E). CUSIP NUMBER
69344M101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) // Broker or Dealer registered under Section 15 of the Act
(b) // Bank as defined in section 3(a) (6) of the Act
X
(c) // Insurance Company as defined in section 3(a) (19) of the Act
(d) // Investment Company registered under section 8 of the Investment Company
Act
(e) // Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) // Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see Rule 13d-1(b)(1)(ii)(F)
(g) // Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note:See Item 7)
(h) // Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 3D
ITEM 1(A). NAME OF ISSUER
The PMI Group Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
601 Montgomery Street
San Francisco, Ca 94111
ITEM 2(A). NAME OF PERSON(S) FILING
Barclays Global Investors, LTD
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Murray House, 1 Royal Mint Court
London, England EC3 NHH
ITEM 2(C). CITIZENSHIP
United Kingdom
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E). CUSIP NUMBER
69344M101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) // Broker or Dealer registered under Section 15 of the Act
(b) // Bank as defined in section 3(a) (6) of the Act
X
(c) // Insurance Company as defined in section 3(a) (19) of the Act
(d) // Investment Company registered under section 8 of the Investment Company
Act
(e) // Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) // Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see Rule 13d-1(b)(1)(ii)(F)
(g) // Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note:See Item 7)
(h) // Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 4
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 2,150,638
(b) Percent of Class: 4.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
2,007,183
(ii) shared power to vote or to direct the vote
0
(iii sole power to dispose or to direct the disposition of
2,150,638
(iv) shared power to dispose or to direct the disposition of
0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
if this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following.
/X/
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The shares reported are held by the company in trust accounts for the
economic benefit of the beneficiaries of those accounts. See also Items
2(a) above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
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Page 5
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
July 10, 2000
Vivien Lin
Manager of Compliance
