UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Year or Quarter Ended: March 31, 2000
Check here is Amendment { }; Amendment Number:
This Amendment (Check only one): { } is a restatement.
{ } adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Spears, Benzak, Salomon and Farrell
(Division of Key Asset Management, Inc.)
Address: 45 Rockefellar Plaza
New York, NY 10111
13F File Number: 28-3968
The institutional investment manager filing 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: Diane L. Wozniak
Title: Assistant Vice President
Phone: 216-813-4794
Signature, Place, and Date of Signing:
Diane L. Wozniak Brooklyn, Ohio May 10, 2000
Report Type (Check only one):
{X} 13F HOLDINGS REPORT
{ } 13F NOTICE
{ } 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
Key Trust Company of Ohio, National Association
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE:
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 321
Form 13F Information Table Value Total: $3,344,870,920
List of Other Included Managers:
No. 13F File Number Name
None
<PAGE>
<TABLE> <C> <C>
SBSF 13F REPORT
March 31 2000
NAME OF ISSUER Title Cusip Fair Shares of Investment Disc Voting Authority
of Number Market Principal
Class Value Amount SOLE SHARED OTHER SOLE SHARED NONE
(in thousand) (A) (B) (C) (A) (B) (C)
MILLICOM INTL CELLULAR S A COMMON 600814107 228 4,000 X 4,000
ALCOA INC COMMON 013817101 551 7,848 X 756 7,092
AMERICAN BANCSHARES COMMON 02408H106 158 15,000 X 15,000
ABBOTT LABORATORIES COMMON 002824100 479 13,619 X 1,869 11,750
ACACIA BANCORP / SERIES A PREFER 783374PRA 200 20,000 X 20,000
ACE LTD COMMON G0070K103 72,732 3,179,527 X 435,101 2,744,426
ACE LTD COMMON G0070K103 5 201 X 201
ADELPHIA COMMUNICATIONS COMMON 006848105 823 16,800 X 1,000 15,800
AEGON, N.V. AMER REG SHARE COMMON 007924103 236 2,928 X 2,928
ADV ENV RECYC WT 6/3/03 COMMON AERTAWTS 20 10,799 X 10,799
ADV ENV RECYC WTS 4/07/03 COMMON AERTAWTSB 33 12,300 X 12,300
ADV ENV RECYC WTS 2/05/03 COMMON AERTAWTSC 282 104,001 X 104,001
ADV ENV RECYC WTS 10/30/02 COMMON AERTAWTSD 106 39,000 X 39,000
ADV ENV RECYC SER X COMMON AERTAWTSX 110 104,372 X 104,372
ASSOCIATES FIRST CAP CORP COMMON 046008108 5,433 254,177 X 67,217 186,960
AGRIBRANDS INTERNATIONAL I COMMON 00849R105 2,048 52,100 X 4,600 47,500
AMERICAN HOME PRODS CORP COMMON 026609107 89,300 1,661,401 X 212,625 1,448,775
AMERICAN HOME PRODS CORP COMMON 026609107 5 89 X 89
AMERICAN INTL GROUP INC COMMON 026874107 51,304 468,530 X 11,113 457,418
APARTMENT INV 8% SERIES K PREFER 03748R705 319 13,000 X 13,000
AK STEEL HOLDING CORP COMMON 001547108 2,606 251,208 X 18,877 232,331
ALKERMES INC COMMON 01642T108 319 3,450 X 3,450
AMB PROPERTIES COMMON 00163T109 1,335 62,095 X 22,095 40,000
AMGEN INC COMMON 031162100 7,660 124,800 X 1,400 123,400
AMR CORP COMMON 001765106 7,038 220,800 X 8,500 212,300
AMERICAN SUPERCONDUCTOR CO COMMON 030111108 1,793 40,300 X 40,300
AMERIVEST PROPERTIES INC. COMMON 03071L101 113 30,000 X 30,000
AUTONATION INC COMMON 05329W102 2,314 291,541 X 8,000 283,541
AMERICA ON LINE INC COMMON 02364J104 1,254 18,602 X 602 18,000
ANADARKO PETROLEUM CORP COMMON 032511107 2,277 58,851 X 20,825 38,026
AIR PRODUCTS & CHEMICALS I COMMON 009158106 427 15,000 X 15,000
ATLANTIC RICHFIELD CO COMMON 048825103 2,059 24,223 X 39 24,184
ARDEN REALTY INC COMMON 039793104 605 29,000 X 4,000 25,000
ARCHSTONE COMMUNITIES TRUS COMMON 039581103 1,208 60,569 X 60,569
AMSOUTH BANCORPORATION COMMON 032165102 26,175 1,752,278 X 315,774 1,436,504
AMSOUTH BANCORPORATION COMMON 032165102 2 156 X 156
ALLTEL CORP COMMON 020039103 1,831 28,952 X 5,176 23,776
AGL RESOURCES INC COMMON 001204106 1,911 104,000 X 104,000
AVALON BAY CMNTYS INC. COMMON 053484101 1,741 47,541 X 26,000 21,541
AVON PRODUCTS COMMON 054303102 608 20,800 X 1,200 19,600
AVATAR HOLDINGS INC COMMON 053494100 9,748 487,401 X 17,626 469,775
AMERICAN EXPRESS CO COMMON 025816109 231 1,550 X 1,550
ALZA CORP COMMON 022615108 1,232 32,800 X 32,800
BANK OF AMERICA CORP COMMON 060505104 366 6,987 X 724 6,263
BANKATLANTIC BANCORP INC C COMMON 065908501 43 10,845 X 10,845
BIO CHEM PHARMACEUTICAL COMMON 09058T108 34,439 1,556,578 X 213,475 1,343,103
BIO CHEM PHARMACEUTICAL COMMON 09058T108 2 95 X 95
BECKMAN COULTER INC. COMMON 075811109 60,672 945,227 X 151,565 793,662
BECKMAN COULTER INC. COMMON 075811109 5 82 X 82
BELL ATLANTIC CORP COMMON 077853109 3,607 59,018 X 2,572 56,446
BIOGEN INC COMMON 090597105 2,664 38,132 X 38,132
BANK OF NEW YORK INC COMMON 064057102 4,786 115,152 X 115,152
BELO (A.H.) CORP -COM SER COMMON 080555105 1,148 64,200 X 2,200 62,000
BELLSOUTH CORP COMMON 079860102 231 4,926 X 4,926
BRISTOL MYERS SQUIBB CO COMMON 110122108 1,171 20,182 X 1,082 19,100
BP AMOCO PLC SPONS ADR COMMON 055622104 9,302 174,694 X 1,104 173,590
BURLINGTON RES INC COMMON 122014103 70,627 1,908,844 X 307,189 1,601,655
BURLINGTON RES INC COMMON 122014103 5 133 X 133
BERKSHIRE HATHAWAY CLASS B COMMON 084670207 2,661 1,462 X 1,462
BRUNSWICK TECHNOLOGY COMMON 117394106 1,244 237,000 X 237,000
ANHEUSER-BUSCH CO. INC COMMON 035229103 614 9,871 X 517 9,354
BORG WARNER AUTOMOTIVE COMMON 099724106 43,518 1,105,225 X 165,848 939,377
BORG WARNER AUTOMOTIVE COMMON 099724106 3 80 X 80
BOSTON PROPERTIES INC COMMON 101121101 1,155 36,300 X 8,000 28,300
BEAZER HOME COMMON 07556Q105 2,628 140,177 X 140,177
CITIGROUP INC COMMON 172967101 98,720 1,648,769 X 204,153 1,444,616
CITIGROUP INC COMMON 172967101 4 72 X 72
CONAGRA INC. COMMON 205887102 3,084 170,160 X 1,400 168,760
CHUBB CORP COMMON 171232101 6,903 102,173 X 1,300 100,873
COMMERCE BANCORP INC. NJ COMMON 200519106 7,286 196,916 X 196,916
CENDANT COMMON 151313103 185 10,000 X 10,000
CORDANT TECHNOLOGIES INC COMMON 218412104 4,044 71,500 X 9,200 62,300
COMDISCO INC. COMMON 200336105 2,012 45,600 X 7,900 37,700
CHIRON CORP COMMON 170040109 1,330 26,676 X 26,676
CHALONE INC COMMON 157639105 181 21,998 X 21,998
CHEVRON CORP COMMON 166751107 1,585 17,145 X 17,145
CIGNA CORP COMMON 125509109 323 4,266 X 4,266
C.I.T. GROUP INC-A COMMON 125577106 69,127 3,544,958 X 521,671 3,023,287
C.I.T. GROUP INC-A COMMON 125577106 4 227 X 227
COLGATE PALMOLIVE CO COMMON 194162103 226 4,000 X 4,000
CLEVELAND CLIFFS INC COMMON 185896107 2,878 121,800 X 121,800
MACK CALI REALTY COMMON 554489104 689 27,000 X 4,000 23,000
COMERICA INC COMMON 200340107 251 6,000 X 6,000
CHASE MANHATTAN CORP NEW COMMON 16161A108 4,135 47,422 X 66 47,356
CHASE MANHATTAN BANK NEW S PREFER 16161A835 334 13,000 X 13,000
COMCAST CORP CL A SPL COMMON 200300200 23,166 534,075 X 15,800 518,275
CONSOLIDATED NAT GAS CO COMMON 209615103 665 10,000 X 10,000
CONOCO INC CL - B COMMON 208251405 18,621 726,677 X 129,834 596,843
CONOCO INC CL - B COMMON 208251405 2 69 X 69
COLLAGENESIS CORP SENIOR S COMMON COLLAGEN 463 462,671 X 462,671
CENTRAL PACIFIC MINERALS COMMON 154762306 51 10,000 X 10,000
CORNERSTONE PROPERTIES INC COMMON 21922H103 10,320 591,800 X 52,600 539,200
COMPAQ COMPUTER COMMON 204493100 7,946 294,279 X 2,500 291,779
CISCO SYSTEMS INC COMMON 17275R102 1,801 23,292 X 2,092 21,200
CORRECTIONAL SERVICES COMMON 219921103 73 15,275 X 15,275
CABOT INDUSTRIAL TRUST COMMON 127072106 218 11,700 X 11,700
CENTEX CORP. COMMON 152312104 9,256 388,700 X 14,400 374,300
COUSINS PROPERTIES COMMON 222795106 15,621 424,347 X 7,700 416,647
CABLEVISION SYS CP CL A COMMON 12686C109 1,638 26,965 X 26,965
CONVERGYS CORP. COMMON 212485106 329 8,500 X 8,500
CYGNUS INC COMMON 232560102 682 47,000 X 47,000
DIACRIN INC. COMMON 25243N103 259 21,500 X 21,500
DU PONT E I DE NEMOURS & C COMMON 263534109 2,365 44,672 X 44,672
DIGIRAD SERIVE D PFD SIRCOM DIGIRADXX 249 107,904 X 107,904
DII GROUP INC COMMON 232949107 4,545 40,200 X 40,200
DLJ DIRECT COMMON 257661504 399 30,000 X 30,000
WALT DISNEY CO. COMMON 254687106 17,586 426,325 X 6,500 419,825
GENENTECH INC COMMON 368710406 380 2,500 X 2,500
DOVER CORP COMMON 260003108 498 10,400 X 10,400
DOW CHEMICAL CO COMMON 26054310 536 4,700 X 4,700
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 60,674 3,792,111 X 541,862 3,250,249
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 4 275 X 275
DPL INC COMMON 233293109 931 41,953 X 41,953
ELECTRONIC DATA SYSTEMS CO COMMON 285661104 79,147 1,233,060 X 202,404 1,030,656
ELECTRONIC DATA SYSTEMS CO COMMON 285661104 6 95 X 95
EASTMAN KODAK CO COMMON 27746110 512 9,433 X 9,433
ELAN CORP PLC ADR COMMON 284131208 863 18,160 X 18,160
ELXSI CORP COMMON 268613205 203 15,000 X 15,000
EMC CORP MASS COMMON 268648102 1,967 15,608 X 608 15,000
EMMIS BROADCASTING CL A COMMON 291525103 3,250 69,884 X 69,884
ENRON CORP COMMON 293561106 270 3,600 X 3,600
ENZON INC COMMON 293904108 1,131 30,000 X 30,000
EOG RESOURCES INC COMMON 26875P101 73,084 3,449,371 X 477,502 2,971,869
EOG RESOURCES INC COMMON 26875P101 6 298 X 298
EQUITY OFFICE PROPERTIES COMMON 294741103 8,008 318,729 X 38,568 280,161
EQUITY RESIDENTIAL PPTYS T COMMON 29476L107 603 15,000 X 15,000
EXTENDED STAY AMERICA INC COMMON 30224P101 1,613 215,000 X 215,000
THE EUREKA U.S. FUND LTD. SINMOT EUREKA 3,111 13,165 X 13,165
EXACLIBUR TECH COMMON 300651205 396 10,000 X 10,000
FORD MTR CO DEL COMMON 345370100 2,004 43,635 X 635 43,000
FNB CORP COMMON 302520101 287 15,621 X 15,621
FLOWERS INDUSTRIES COMMON 343496105 1,851 121,900 X 12,500 109,400
FEDERAL NATL MORTGAGE ASSN COMMON 313586109 69,464 1,228,085 X 206,263 1,021,822
FEDERAL NATL MORTGAGE ASSN COMMON 313586109 5 89 X 89
SPRINT CORP COMMON 852061100 73,082 1,155,444 X 175,876 979,568
SPRINT CORP COMMON 852061100 5 75 X 75
FEDERAL HOME LOAN COMMON 313400301 354 8,000 X 8,000
FOREST LABORATORIES INC COMMON 345838106 606 7,170 X 400 6,770
FIRSTAR CORPORATION COMMON 33763V109 940 40,973 X 40,973
GABLES RESIDENTIAL TR COMMON 362418105 683 30,368 X 10,000 20,368
GANNETT CO COMMON 364730101 6,172 87,700 X 87,700
GENERAL ELECTRIC CO COMMON 369604103 45,402 291,738 X 3,609 288,129
GENZYME CORP COMMON 372917104 48,781 973,189 X 98,229 874,960
GENZYME CORP COMMON 372917104 2 49 X 49
GENESIS HEALTH VENTURES COMMON 371912106 12 17,000 X 17,000
GILEAD SCIENCES INC COMMON 375558103 285 4,500 X 4,500
CORNING INC COMMON 219350105 281 1,450 X 600 850
GLAXO WELLCOME ADR COMMON 37733W105 63,112 1,101,195 X 185,505 915,690
GLAXO WELLCOME ADR COMMON 37733W105 6 96 X 96
GENERAL MTRS CORP COMMON 370442105 97,484 1,177,166 X 161,952 1,015,213
GENERAL MTRS CORP COMMON 370442105 7 80 X 80
GEN MOTORS CL H / HUGHES E COMMON 370442832 1,018 8,179 X 2,100 6,079
GULF CANADA RES LTD ORD COMMON 40218L305 1,085 294,200 X 45,500 248,700
GTE CORP COMMON 362320103 97,564 1,374,137 X 212,066 1,162,071
GTE CORP COMMON 362320103 7 92 X 92
GLOBAL TELESYSTEMS GROUP I COMMON 37936U104 1,129 55,066 X 4,566 50,500
GENZYME TISSUE REPAIR COMMON 372917401 439 66,330 X 66,330
HARBOR FLORIDA COMMON 411901101 1,706 150,000 X 150,000
HUTTIG BUILDING PRODUCTS I COMMON 448451104 165 36,644 X 36,644
HOME DEPOT INC COMMON 437076102 214,940 3,332,400 X 3,332,400
HOUSEHOLD INTL COMMON 441815107 201 5,400 X 5,400
HIBERNIA CORP CL A COMMON 428656102 2,491 237,229 X 237,229
HOME PROPERTIES OF NY INC COMMON 437306103 535 20,000 X 20,000
H.J. HEINZ COMMON 423074103 43,239 1,239,815 X 207,061 1,032,754
H.J. HEINZ COMMON 423074103 3 81 X 81
HONEYWELL INC COMMON 438506107 502 4,400 X 4,400
HEALTHPLAN SERVICES CORP COMMON 421959107 255 55,029 X 55,029
HEWLETT PACKARD CO COMMON 428236103 1,674 12,600 X 12,600
HYPERION SOLUTIONS CORP. COMMON 44914M104 2,106 64,800 X 1,500 63,300
INTERSTATE BAKERIES COMMON 46072H108 3,903 273,900 X 4,500 269,400
INTL BUSINESS MACHINES COR COMMON 459200101 123,274 1,044,699 X 122,864 921,835
INTL BUSINESS MACHINES COR COMMON 459200101 8 65 X 65
PACKAGED ICE INC. COMMON 695148106 45 10,000 X 10,000
IDEXX LABS INC COMMON 45168D104 793 34,000 X 34,000
INGRAM MICRO INDS COMMON 457153104 550 35,766 X 17,966 17,800
INCYTE PHARMACEUTICAL INC COMMON 45337C102 393 4,500 X 4,500
INITIALS PLUS INC COMMON 45719710 1 10,000 X 10,000
INTEL CORP COMMON 458140100 123,691 937,494 X 106,196 831,298
INTEL CORP COMMON 458140100 7 50 X 50
IRON MOUNTAIN INC. COMMON 462846106 249 7,300 X 7,300
JLG INDUSTRIES INC. COMMON 466210101 156 17,000 X 17,000
JOHNSON & JOHNSON COMMON 47816010 1,997 28,422 X 7,937 20,485
THE ST JOE COMPANY COMMON 790148100 405 14,000 X 14,000
MORGAN J P & CO INC COMMON 616880100 12,029 91,300 X 91,300
KEYCORP NEW COMMON 493267108 21,434 1,128,122 X 1,128,122
COCA COLA CO COMMON 19121610 1,883 40,110 X 40,110
LEGGETT & PLATT COMMON 52466010 348 16,200 X 16,200
LIGAND PARMACEUTICALS INC COMMON 53220K207 479 27,000 X 27,000
LIFECELL CORP COMMON 531927101 172 25,000 X 25,000
LITTON INDUSTRIES INC. COMMON 538021106 398 9,000 X 9,000
LILLY ELI & CO. COMMON 532457108 304 4,855 X 1,655 3,200
LORAL SPACE & COMMUNICATIO COMMON G56462107 294 29,000 X 29,000
LONG TERM CREDIT BANK SINMOT LTCB 1,186 1,186 X 1,186
MBF CAPITAL COMMON MY0001234 6 20,000 X 20,000
MCDONALDS CORP COMMON 580135101 283 7,560 X 60 7,500
MEDIMMUNE INC COMMON 584699102 697 4,000 X 4,000
MELLON BANK CORP COMMON 585509102 232 7,800 X 800 7,000
MUTUAL RISK MANAGEMENT LTD COMMON 628351108 5,248 262,400 X 10,300 252,100
PHILIP MORRIS COS INC COMMON 718154107 932 44,115 X 44,115
MERCK & CO INC COMMON 589331107 1,285 20,689 X 893 19,796
MICROSOFT CORP COMMON 594918104 1,159 10,912 X 1,938 8,974
MONSANTO CO COMMON 611662107 348 6,750 X 6,750
MGIC INVESTMENT COMMON 552848103 2,289 52,460 X 6,800 45,660
MORGAN STANLEY DEAN WITTER COMMON 617446448 3,192 38,514 X 794 37,720
NARRAGANSETT I, LP SINMOT NARRA 750 750 X 750
NAVISTAR INTL COMMON 63934E108 75,446 1,880,270 X 272,536 1,607,734
NAVISTAR INTL COMMON 63934E108 5 125 X 125
NOBLE AFFILIATES COMMON 654894104 8,950 272,766 X 1,400 271,366
NCR CORP NEW COMMON 62886E108 73,135 1,822,690 X 286,882 1,535,808
NCR CORP NEW COMMON 62886E108 6 144 X 144
NORTH FORK BANCORPORATION COMMON 659424105 8,864 495,890 X 19,100 476,790
NFO WORLDWIDE INC COMMON 62910N108 1,398 60,000 X 60,000
NSTAR COMMON 67019E107 529 12,600 X 12,600
NEWS CORP LTD COMMON 652487703 1,519 27,000 X 27,000
OMNICOM GROUP COMMON 681919106 365 3,900 X 3,900
ONTOGENY SIRCOM ONTOGENY 1,019 142,330 X 142,330
OPTA FOOD INGREDIENTS COMMON 68381N105 25 10,000 X 10,000
ORACLE SYSTEMS CORP COMMON 68389X10 211 2,700 X 2,700
PITNEY-BOWES INC COMMON 724479100 233 5,222 X 5,222
PREMIER FINANCIAL BANCORP COMMON 74050M105 79 10,500 X 10,500
PFIZER INC COMMON 717081103 683 18,693 X 2,010 16,683
PROCTER & GAMBLE CO COMMON 742718109 207 3,662 X 1,262 2,400
PHYCOR, INC COMMON 71940F100 10 10,000 X 10,000
PREMIER PARKS INC COMMON 740540208 39,414 1,876,866 X 314,535 1,562,331
PREMIER PARKS INC COMMON 740540208 3 142 X 142
Protective Life COMMON 743674103 1,016 32,000 X 1,800 30,200
PROLOGIS COMMON 743410102 1,319 68,536 X 8,000 60,536
PRESIDENTIAL LIFE CORP. COMMON 740884101 206 15,000 X 15,000
POTOMAC ELECTRIC POWER CO COMMON 73767910 328 14,500 X 14,500
PPG INDUSTRIES INC COMMON 693506107 487 9,308 X 9,308
POST PROPERTIES INC COMMON 737464107 403 10,000 X 10,000
POLAROID COMMON 731095105 3,465 145,880 X 18,500 127,380
PARTNER RE LTD COMMON G6852T105 100,048 2,717,776 X 368,598 2,349,178
PARTNER RE LTD COMMON G6852T105 3 90 X 90
PATHWAYS GROUP INC COMMON 70321D106 71 30,000 X 30,000
PRISON REALTY CORP COMMON 74264N105 268 87,625 X 87,625
QWEST COMMUNICATIONS INTL COMMON 749121109 3,747 78,060 X 1,700 76,360
QLOGIC COMMON 747277107 203 1,500 X 1,500
QLT PHOTOTHERAPEUTICS INC COMMON 746927102 332 6,000 X 6,000
ROYAL DUTCH PETE NY REGIST COMMON 780257804 383 6,617 X 1,017 5,600
ROWAN COMPANIES INC. COMMON 779382100 2,944 100,000 X 100,000
RADIAN GROUP INC COMMON 750236101 813 17,064 X 17,064
RELIANT ENERGY INCORP COMMON 75952J108 2,151 91,300 X 91,300
ROBERT HALF INT'L COMMON 770323103 100,715 2,123,630 X 297,030 1,826,600
ROBERT HALF INT'L COMMON 770323103 7 157 X 157
RENAISSANCERE HOLDINGS LTD COMMON G7496G103 4,464 109,200 X 109,200
ROBOTIC VISION SYSTEMS WTS COMMON ROBVR 112 26,250 X 26,250
ROBOTIC VISION SYSTEMS INC COMMON 771074100 1,722 107,609 X 107,609
REUTERS GROUP PLC SPONS AD COMMON 76132M102 310 2,599 X 2,599
SANGSTAT MEDICAL CORP COMMON 801003104 609 22,000 X 22,000
SBC COMMUNICATIONS INC COMMON 78387G103 53,900 1,279,521 X 184,129 1,095,392
SBC COMMUNICATIONS INC COMMON 78387G103 3 79 X 79
SMITHKLINE BEECHAM SPONS A COMMON 832378301 16,399 248,232 X 8,060 240,172
SEIBELS BRUCE GROUP INC COMMON 816006209 55 35,000 X 35,000
SECURITY CAPITAL GROUP - B COMMON 81413P204 1,227 85,000 X 15,000 70,000
SPEARS GRISANTI & BROWN LL SINMOT SGBLLC 600 6,000 X 6,000
SCHERING PLOUGH CORP COMMON 806605101 2,222 59,862 X 1,090 58,772
SHERWIN-WILLIAMS CO. COMMON 824348106 1,089 49,200 X 6,100 43,100
SCHLUMBERGER LTD COMMON 806857108 283 3,700 X 3,700
SARA LEE CORP COMMON 803111103 1,440 80,000 X 80,000
SOLECTRON CORP COMMON 834182107 822 20,480 X 80 20,400
SUMMIT PROPERTIES INC COMMON 866239106 201 10,500 X 3,000 7,500
SUN BANCORP INC. -NJ COMMON 86663B102 325 50,000 X 50,000
SYNOPSYS INC. COMMON 871607107 5,124 105,107 X 11,558 93,549
SPIEKER PROPERTIES COMMON 848497103 779 17,504 X 17,504
CHARLES E SMITH RESIDENTIA COMMON 832197107 1,048 29,000 X 13,000 16,000
SUNTRUST BANKS INC COMMON 86791410 2,449 42,400 X 400 42,000
SOUTHERN UNION COMPANY COMMON 844030106 13,286 735,535 X 20,177 715,358
SOVEREIGN BANCORP INC COMMON 845905108 1,147 151,701 X 2,000 149,701
AT&T COMMON 001957109 7,715 137,001 X 11,137 125,864
TASTY BAKING CO COMMON 87655330 301 28,125 X 28,125
TENNECO AUTOMOTIVE INC COMMON 880349105 1,368 172,300 X 22,000 150,300
TENET HEALTHCARE CORP. COMMON 88033G100 58,786 2,528,424 X 389,589 2,138,835
TENET HEALTHCARE CORP. COMMON 88033G100 5 220 X 220
TEEKAY SHIPPING CORPORATIO COMMON Y8564W103 2,762 100,200 X 6,000 94,200
TRIBUNE CO NEW COMMON 89604710 3,433 93,884 X 26,624 67,260
TRIBUNE CO NEW COMMON 89604710 1 23 X 23
TREGA BIOSCIENCES INC. COMMON 894699107 228 48,300 X 48,300
SABRE HOLDINGS CORP COMMON 785905100 5,824 159,572 X 6,143 153,429
TIME WARNER INC COMMON 887315109 4,559 45,590 X 5,621 39,969
TEXACO INC COMMON 881694103 83,064 1,545,377 X 206,867 1,338,510
TEXACO INC COMMON 881694103 5 96 X 96
TEXTRON INC. CORP COMMON 883203101 1,224 20,100 X 20,100
TEXAS UTILITIES COMMON 882848104 3,571 120,281 X 1,409 118,872
TYCO INTERNATIONAL LTD COMMON 902124106 321 6,412 X 1,412 5,000
TRIZECHAHN COMMON 896938107 272 18,100 X 18,100
UNOCAL CORP COMMON 915289102 54,514 1,832,393 X 290,895 1,541,498
UNOCAL CORP COMMON 915289102 4 138 X 138
UTILICORP UNITED COMMON 918005109 217 12,000 X 12,000
ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 244 9,622 X 9,622
U S HOME CORP COMMON 911920106 4,959 130,500 X 1,200 129,300
MEDIAONE GROUP INC COM COMMON 58440J104 129,824 1,602,769 X 223,515 1,379,254
MEDIAONE GROUP INC COM COMMON 58440J104 8 95 X 95
UNITED HEALTHCARE CORP COMMON 910581107 408 6,846 X 6,846
UNION PAC RES COMMON 907834105 3,911 269,710 X 269,710
UNITED TECHNOLOGIES CORP COMMON 91301710 399 6,320 X 6,320
VORNADO REALTY TRUST COMMON 929042109 572 17,060 X 60 17,000
VODAFONE AIRTOUCH PLC-SP A COMMON 92857T107 6,252 112,515 X 765 111,750
VISHAY INTERTECHNOLOGY INC COMMON 928298108 10,356 186,175 X 15,768 170,407
VOICESTREAM WIRELESS CORP COMMON 928615103 745 5,784 X 289 5,495
WESTVACO CORP COMMON 96154810 334 10,000 X 10,000
WARNACO GROUP-CL A COMMON 934390105 4,778 404,449 X 12,086 392,363
WALGREEN CO COMMON 931422109 417 16,200 X 16,200
WEBB (DEL) CORP. COMMON 947423109 529 35,700 X 35,700
MCI WORLDCOM, INC COMMON 55268B106 20,386 449,891 X 29,938 419,953
WELLS FARGO & CO COMMON 949746101 2,469 60,580 X 60,580
WOMEN FIRST HEALTHCARE INC COMMON 978150100 886 186,500 X 186,500
WASHINGTON GAS LT CO COMMON 93883710 1,169 43,000 X 43,000
WIND RIVER SYSTEMS COMMON 973149107 215 5,920 X 5,920
WARNER LAMBERT CO COMMON 934488107 45,456 465,318 X 65,229 400,089
WARNER LAMBERT CO COMMON 934488107 3 27 X 27
WASHINGTON MUTUAL INC COMMON 939322103 58,504 2,207,705 X 355,584 1,852,121
WASHINGTON MUTUAL INC COMMON 939322103 4 137 X 137
WILLIAMS COS INC COMMON 969457100 219 4,995 X 965 4,030
WASTE MANAGEMENT INC DEL COMMON 94106L109 274 20,015 X 20,015
WAL-MART STORES COMMON 931142103 1,196 21,169 X 169 21,000
WESTWOOD ONE COMMON 961815107 6,838 188,630 X 188,630
WASHINGTON POST CO CL B COMMON 939640108 6,869 12,696 X 12,696
XL CAPITAL LTD COMMON G98255105 64,693 1,168,264 X 172,423 995,841
XL CAPITAL LTD COMMON G98255105 4 73 X 73
EXXON MOBIL CORPORATION COMMON 30231G102 16,359 209,905 X 5,239 204,666
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