UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
Check here if Amendment [X]: Amendment Number: 1
This Amendment (Check only one): [X] is a restatement
[ ] addes new holdings entries
Institutional Investment Mananger Filing this Report:
Name: Spears, Benzak, Salomon and Farrell
(Division of Key Asset Management, Inc.)
Address: 45 Rockefeller Plaza
New York, NY 10111
13F File Number: 28-3968
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: Diane L. Wozniak
Title: Assistant Vice President
Phone: 216-813-4794
Signature, Place, and Date of Signing:
Diane L. Wozniak Brooklyn, Ohio August 18, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 247
Form 13F Information Table Value Total: $2,763,437,995
List of Ohter Included Managers:
No. 13F File Number Name
NONE
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SBSF 13F REPORT
June 30 2000
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
ALCOA INC COMMON 138171010 214 7,380 X 0 7,380
ABBOTT LABORATORIES COMMON 002824100 536 12,019 X 269 11,750
ACACIA BANCORP / SERIES A PREFER 783374PRA 200 20,000 X 0 20,000
ACE LTD COMMON G0070K103 87,892 3,139,008 X 464,389 2,674,619
ADELPHIA COMMUNICATIONS COMMON 684810500 811 17,300 X 1,000 16,300
ADV ENV RECYC WT 6/3/03 COMMON AERTAWTS 18 10,799 X 0 10,799
ADV ENV RECYC WTS 4/07/03 COMMON AERTAWTSB 33 12,300 X 0 12,300
ADV ENV RECYC WTS 2/05/03 COMMON AERTAWTSC 282 104,001 X 0 104,001
ADV ENV RECYC WTS 10/30/02 COMMON AERTAWTSD 106 39,000 X 0 39,000
ADV ENV RECYC SER X COMMON AERTAWTSX 90 104,372 X 0 104,372
AFFYMETRIX COMMON 00826T108 2,477 15,000 X 0 15,000
ASSOCIATES FIRST CAP CORP COMMON 046008108 33,788 1,514,324 X 223,679 1,290,645
AGRIBRANDS INTERNATIONAL I COMMON 00849R105 2,101 50,100 X 4,600 45,500
AMERICAN HOME PRODS CORP COMMON 026609107 92,879 1,580,923 X 206,603 1,374,320
AMERICAN INTL GROUP INC COMMON 026874107 52,843 449,725 X 10,199 439,526
APARTMENT INV 8% SERIES K PREFER 03748R705 353 13,000 X 0 13,000
ALKERMES INC COMMON 01642T108 325 6,900 X 0 6,900
AMB PROPERTIES COMMON 00163T109 1,417 62,095 X 22,095 40,000
AMGEN INC COMMON 031162100 8,023 114,200 X 1,600 112,600
AMR CORP COMMON 001765106 6,831 258,400 X 15,800 242,600
AMERICAN SUPERCONDUCTOR CO COMMON 030111108 1,944 40,300 X 0 40,300
AMERIVEST PROPERTIES INC. COMMON 03071L101 234 53,500 X 0 53,500
AUTONATION INC COMMON 05329W102 892 126,254 X 6,000 120,254
AMERICA ON LINE INC COMMON 02364J104 980 18,602 X 602 18,000
ANADARKO PETROLEUM CORP COMMON 032511107 3,089 62,651 X 18,625 44,026
ARDEN REALTY INC COMMON 039793104 682 29,000 X 4,000 25,000
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
AGL RESOURCES INC COMMON 001204106 1,658 104,000 X 0 104,000
AVALON BAY CMNTYS INC. COMMON 053484101 1,852 44,366 X 26,000 18,366
AVON PRODUCTS COMMON 054303102 926 20,802 X 1,200 19,602
AVATAR HOLDINGS INC COMMON 053494100 9,161 398,301 X 5,026 393,275
AMERICAN EXPRESS CO COMMON 025816109 274 5,250 X 600 4,650
ALZA CORP COMMON 022615108 1,939 32,800 X 0 32,800
BANK OF AMERICA CORP COMMON 060505104 215 5,000 X 0 5,000
BAXTER INTL INC COMMON 071813109 221 3,150 X 150 3,000
BANKATLANTIC BANCORP INC C COMMON 065908501 41 10,845 X 0 10,845
BIO CHEM PHARMACEUTICAL COMMON 09058T108 8,013 325,388 X 23,721 301,667
BRANDYWINE REALTY TRUST SB COMMON 105368203 497 26,000 X 0 26,000
BECKMAN COULTER INC. COMMON 075811109 54,129 927,259 X 149,382 777,877
BELL ATLANTIC CORP COMMON 077853109 3,070 60,412 X 4,333 56,079
BIOGEN INC COMMON 090597105 2,460 38,132 X 0 38,132
BANK OF NEW YORK INC COMMON 064057102 5,355 115,152 X 0 115,152
BELO (A.H.) CORP -COM SER COMMON 080555105 10,715 618,900 X 18,600 600,300
BRISTOL MYERS SQUIBB CO COMMON 110122108 1,149 19,732 X 112 19,620
BP AMOCO PLC SPONS ADR COMMON 055622104 11,805 208,706 X 4,167 204,539
BURLINGTON RES INC COMMON 122014103 71,866 1,878,852 X 298,785 1,580,067
BERKSHIRE HATHAWAY CLASS B COMMON 084670207 2,260 1,284 X 0 1,284
ANHEUSER-BUSCH CO. INC COMMON 035229103 690 9,242 X 89 9,153
BORG WARNER AUTOMOTIVE COMMON 099724106 16,614 472,987 X 60,538 412,449
BOSTON PROPERTIES INC COMMON 101121101 1,402 36,300 X 8,000 28,300
BEAZER HOME COMMON 07556Q105 2,558 140,177 X 0 140,177
CITIGROUP INC COMMON 172967101 22,313 370,344 X 18,893 351,451
CONAGRA INC. COMMON 205887102 1,489 78,105 X 600 77,505
CHUBB CORP COMMON 171232101 5,927 96,373 X 2,500 93,873
COMMERCE BANCORP INC. NJ COMMON 200519106 8,644 187,911 X 0 187,911
CENDANT COMMON 151313103 140 10,000 X 0 10,000
CHIRON CORP COMMON 170040109 1,267 26,676 X 0 26,676
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
C.I.T. GROUP INC-A COMMON 125577106 74,342 4,574,892 X 702,821 3,872,071
COLGATE PALMOLIVE CO COMMON 194162103 240 4,000 X 0 4,000
CLEVELAND CLIFFS INC COMMON 185896107 1,213 47,000 X 0 47,000
MACK CALI REALTY COMMON 554489104 694 27,000 X 4,000 23,000
COMERICA INC COMMON 200340107 222 4,950 X 0 4,950
CHASE MANHATTAN CORP NEW COMMON 16161A108 3,225 70,008 X 99 69,909
CHASE MANHATTAN BANK NEW S PREFER 16161A835 324 13,000 X 0 13,000
COMCAST CORP CL A SPL COMMON 200300200 22,059 544,665 X 16,900 527,765
CONOCO INC CL - B COMMON 208251405 19,298 785,659 X 159,258 626,401
COLLAGENESIS CORP SENIOR S COMMON COLLAGEN 463 462,671 X 0 462,671
CAMPBELL SOUP CO COMMON 134429109 350 12,000 X 2,000 10,000
CENTRAL PACIFIC MINERALS COMMON 154762306 48 10,000 X 0 10,000
CORNERSTONE PROPERTIES INC COMMON 21922H103 279 15,400 X 0 15,400
COMPAQ COMPUTER COMMON 204493100 9,889 386,852 X 6,000 380,852
CISCO SYSTEMS INC COMMON 17275R102 1,417 22,292 X 2,092 20,200
CORRECTIONAL SERVICES COMMON 219921103 60 15,275 X 0 15,275
CABOT INDUSTRIAL TRUST COMMON 127072106 230 11,700 X 0 11,700
CENTEX CORP. COMMON 152312104 9,158 389,700 X 16,700 373,000
COUSINS PROPERTIES COMMON 222795106 9,016 234,175 X 7,700 226,475
CABLEVISION SYS CP CL A COMMON 12686C109 1,840 27,115 X 0 27,115
CONVERGYS CORP. COMMON 212485106 285 5,500 X 0 5,500
CYGNUS INC COMMON 232560102 527 37,000 X 0 37,000
DIACRIN INC. COMMON 25243N103 169 21,500 X 0 21,500
DU PONT E I DE NEMOURS & C COMMON 263534109 1,938 44,302 X 0 44,302
DIGIRAD SERIVE D PFD SIRCOM DIGIRADXX 249 107,904 X 0 107,904
DLJ DIRECT COMMON 257661504 214 30,000 X 0 30,000
WALT DISNEY CO. COMMON 254687106 15,518 399,825 X 5,800 394,025
DREAMLIFE INC COMMON 26152Q103 363 100,000 X 0 100,000
GENENTECH INC COMMON 368710406 430 2,500 X 0 2,500
DOW CHEMICAL CO COMMON 26054310 344 11,400 X 0 11,400
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
EASTMAN KODAK CO COMMON 27746110 561 9,433 X 0 9,433
ELAN CORP PLC ADR COMMON 284131208 880 18,160 X 0 18,160
ELXSI CORP COMMON 268613205 166 15,000 X 0 15,000
EMC CORP MASS COMMON 268648102 2,248 29,216 X 1,216 28,000
EMMIS BROADCASTING CL A COMMON 291525103 2,105 50,884 X 0 50,884
ENRON CORP COMMON 293561106 232 3,600 X 0 3,600
ENZON INC COMMON 293904108 1,284 30,200 X 0 30,200
EOG RESOURCES INC COMMON 26875P101 66,245 1,977,472 X 320,409 1,657,063
EQUITY OFFICE PROPERTIES COMMON 294741103 7,738 280,755 X 37,703 243,052
EQUITY RESIDENTIAL PPTYS T COMMON 29476L107 690 15,000 X 0 15,000
FORD MTR CO DEL COMMON 345370100 1,849 43,000 X 0 43,000
FNB CORP COMMON 302520101 299 14,473 X 0 14,473
FIDELITY HOLDINGS INC COMMON 31617J108 32 25,953 X 0 25,953
FEDEX CORPORATION COMMON 31428X106 29,457 775,172 X 122,459 652,713
FLEXTRONICS INTL LTD. COMMON Y2573F102 4,720 68,722 X 0 68,722
FEDERAL NATL MORTGAGE ASSN COMMON 313586109 63,143 1,209,92 X 218,136 991,789
SPRINT CORP COMMON 852061100 81,539 1,598,810 X 249,036 1,349,774
FEDERAL HOME LOAN COMMON 313400301 279 6,890 X 1,600 5,290
FOREST LABORATORIES INC COMMON 345838106 558 5,520 X 300 5,220
FIRSTAR CORPORATION COMMON 33763V109 741 35,163 X 0 35,163
GLOBAL CROSSING LTD COMMON G3921A100 421 16,000 X 900 15,100
GABLES RESIDENTIAL TR COMMON 362418105 773 30,000 X 10,000 20,000
GANNETT CO COMMON 364730101 5,246 87,705 X 0 87,705
GENERAL ELECTRIC CO COMMON 369604103 45,013 849,294 X 11,927 837,367
GENZYME CORP COMMON 372917104 16,638 279,916 X 17,258 262,658
GILEAD SCIENCES INC COMMON 375558103 249 3,500 X 0 3,500
GOLD BANC CORPORATION INC COMMON 379907108 124 24,790 X 0 24,790
GLAMIS GOLD LTD COMMON 376775102 19 10,000 X 0 10,000
CORNING INC COMMON 219350105 310 1,150 X 600 550
GENERAL MTRS CORP COMMON 370442105 7,217 124,291 X 9,206 115,085
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin
Class Value Amount SOLE SHARED OTHER SOLE SHARED NONE
(X1000) (A) (B) (C) (A) (B) (C)
GTE CORP COMMON 362320103 97,518 1,566,562 X 257,750 1,308,812
GENZYME TISSUE REPAIR COMMON 372917401 332 63,330 X 0 63,330
HARBOR FLORIDA COMMON 411901101 1,044 100,000 X 0 100,000
HUTTIG BUILDING PRODUCTS I COMMON 448451104 151 36,644 X 0 36,644
HOME DEPOT INC COMMON 437076102 166,412 3,332,40 X 0 3,332,400
HOUSEHOLD INTL COMMON 441815107 391 9,400 X 0 9,400
HIBERNIA CORP CL A COMMON 428656102 1,661 152,768 X 0 152,768
HOME PROPERTIES OF NY INC COMMON 437306103 600 20,000 X 0 20,000
H.J. HEINZ COMMON 423074103 56,703 1,296,076 X 220,971 1,075,105
HONEYWELL INC COMMON 438506107 251 2,200 X 0 2,200
HEWLETT PACKARD CO COMMON 428236103 1,698 13,600 X 1,000 12,600
INTL BUSINESS MACHINES COR COMMON 459200101 62,864 573,772 X 67,628 506,144
PACKAGED ICE INC. COMMON 695148106 42 10,000 X 0 10,000
IDEXX LABS INC COMMON 45168D104 778 34,000 X 0 34,000
INCYTE PHARMACEUTICAL INC COMMON 45337C102 370 4,500 X 0 4,500
INITIALS PLUS INC COMMON 045719710 1 10,000 X 0 10,000
INTEL CORP COMMON 458140100 69,324 518,552 X 51,049 467,503
INTERPUBLIC GROUP COS INC COMMON 460690100 592 13,757 X 0 13,757
IRON MOUNTAIN INC. COMMON 462846106 248 7,300 X 0 7,300
MARK IV INDUSTRIES INC COMMON 570387100 3,475 166,500 X 1,500 165,000
PENNEY J.C. COMMON 708160106 550 29,838 X 266 29,572
JLG INDUSTRIES INC. COMMON 466210101 202 17,000 X 0 17,000
JOHNSON & JOHNSON COMMON 047816010 2,209 21,687 X 8,387 13,300
THE ST JOE COMPANY COMMON 790148100 420 14,000 X 0 14,000
MORGAN J P & CO INC COMMON 616880100 9,834 89,300 X 0 89,300
KEYCORP NEW COMMON 493267108 27,353 1,551,948 X 0 1,551,948
COCA COLA CO COMMON 019121610 1,355 23,596 X 0 23,596
LEGGETT & PLATT COMMON 052466010 267 16,200 X 0 16,200
LENNAR CORP. COMMON 526057104 3,929 194,023 X 1,152 192,871
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
AT&T CORP-LIBERTY MEDIA-A COMMON 1957208 248 10,216 X 4,000 6,216
LORAL SPACE & COMMUNICATIO COMMON G56462107 241 34,800 X 0 34,800
*LONG TERM CREDIT BANK SINMOT LTCB 1,186 1,186 X 0 1,186
LUCENT TECHNOLOGIES COMMON 549463107 578 9,752 X 1,712 8,040
MASCO CORP. COMMON 574599106 22,014 1,218,742 X 189,656 1,029,086
MCDONALDS CORP COMMON 580135101 330 10,030 X 2,530 7,500
MEDIMMUNE INC COMMON 584699102 444 6,000 X 0 6,000
MELLON BANK CORP COMMON 585509102 284 7,800 X 800 7,000
MILLENIUM PHARMACEUTICALS COMMON 599902103 224 2,000 X 0 2,000
MUTUAL RISK MANAGEMENT LTD COMMON 628351108 4,593 265,300 X 10,300 255,000
PHILIP MORRIS COS INC COMMON 718154107 1,172 44,115 X 0 44,115
MERCK & CO INC COMMON 589331107 1,540 20,102 X 1,905 18,197
MICROSOFT CORP COMMON 594918104 2,713 33,912 X 6,838 27,074
MGIC INVESTMENT COMMON 552848103 3,021 66,397 X 13,625 52,772
MORGAN STANLEY DEAN WITTER COMMON 617446448 3,206 38,514 X 794 37,720
*NARRAGANSETT I, LP SINMOT NARRA 755 750 X 0 750
NAVISTAR INTL COMMON 63934E108 63,986 2,059,926 X 311,890 1,748,036
NOBLE AFFILIATES COMMON 654894104 9,305 249,786 X 0 249,786
NCR CORP NEW COMMON 62886E108 78,857 2,025,223 X 333,833 1,691,390
NEW HORIZONS WORLDWIDE INC COMMON 645526104 744 32,000 X 300 31,700
NORTH FORK BANCORPORATION COMMON 659424105 9,845 650,890 X 25,600 625,290
NSTAR COMMON 67019E107 513 12,600 X 0 12,600
NEWS CORP LTD COMMON 652487703 927 17,000 X 0 17,000
OMNICOM GROUP COMMON 681919106 347 3,900 X 0 3,900
ONTOGENY SIRCOM ONTOGENY 1,610 142,330 X 0 142,330
OPTA FOOD INGREDIENTS COMMON 68381N105 26 10,000 X 0 10,000
PITNEY-BOWES INC COMMON 724479100 209 5,222 X 0 5,222
PROTEIN DESIGN LABS INC. COMMON 74369L103 231 1,400 X 0 1,400
PREMIER FINANCIAL BANCORP COMMON 74050M105 68 10,500 X 0 10,500
PFIZER INC COMMON 717081103 57,674 1,201,546 X 170,416 1,031,130
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
PROTCTIVE LIFE COMMON 743674103 871 32,700 X 1,800 30,900
PROLOGIS COMMON 743410102 1,460 68,536 X 8,000 60,536
PRESIDENTIAL LIFE CORP. COMMON 740884101 208 15,000 X 0 15,000
POTOMAC ELECTRIC POWER CO COMMON 737679100 238 9,500 X 0 9,500
PPG INDUSTRIES INC COMMON 693506107 412 9,308 X 0 9,308
POST PROPERTIES INC COMMON 737464107 440 10,000 X 0 10,000
POLAROID COMMON 731095105 2,828 156,593 X 27,360 129,233
PARTNER RE LTD COMMON G6852T105 89,411 2,523,089 X 329,788 2,193,301
PATHWAYS GROUP INC COMMON 70321D106 30 30,000 X 0 30,000
PACTIV CORP. COMMON 695257105 2,087 265,100 X 35,300 229,800
PRISON REALTY CORP COMMON 74264N105 268 87,625 X 0 87,625
QWEST COMMUNICATIONS INTL COMMON 749121109 4,340 87,360 X 2,200 85,160
QLT PHOTOTHERAPEUTICS INC COMMON 746927102 232 3,000 X 0 3,000
ROYAL DUTCH PETE NY REGIST COMMON 780257804 407 6,617 X 1,017 5,600
RADIAN GROUP INC COMMON 750236101 883 17,064 X 0 17,064
EVEREST REINSURANCE GROUP COMMON G3223R108 789 24,000 X 0 24,000
RELIANT ENERGY INCORP COMMON 75952J108 2,063 69,800 X 0 69,800
ROBERT HALF INT'L COMMON 770323103 64,965 2,279,488 X 363,436 1,916,052
RENAISSANCERE HOLDINGS LTD COMMON G7496G103 3,964 91,005 X 0 91,005
ROBOTIC VISION SYSTEMS COMMON 771074101 900 50,000 X 0 50,000
REUTERS GROUP PLC SPONS AD COMMON 76132M102 260 2,599 X 0 2,599
SANGSTAT MEDICAL CORP COMMON 801003104 549 19,000 X 0 19,000
SBC COMMUNICATIONS INC COMMON 78387G103 75,961 1,756,323 X 285,424 1,470,899
SMITHKLINE BEECHAM SPONS A COMMON 832378301 14,999 230,086 X 0 230,086
SEIBELS BRUCE GROUP INC COMMON 816006209 40 35,000 X 0 35,000
SECURITY CAPITAL GROUP - B COMMON 81413P204 1,275 75,000 X 15,000 60,000
SCHERING PLOUGH CORP COMMON 806605101 5,177 102,517 X 8,290 94,227
SHERWIN-WILLIAMS CO. COMMON 824348106 1,877 88,600 X 11,800 76,800
SCHLUMBERGER LTD COMMON 806857108 276 3,700 X 0 3,700
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
SYNOPSYS INC. COMMON 871607107 3,991 115,478 X 12,750 102,728
SPIEKER PROPERTIES COMMON 848497103 391 8,504 X 0 8,504
CHARLES E SMITH RESIDENTIA COMMON 832197107 1,102 29,000 X 13,000 16,000
SUNTRUST BANKS INC COMMON 867914100 1,919 42,000 X 0 42,000
SOUTHERN UNION COMPANY COMMON 844030106 15,492 979,729 X 32,911 946,819
SOVEREIGN BANCORP INC COMMON 845905108 1,067 151,701 X 2,000 149,701
AT&T CORP. COMMON 195710900 10,213 322,950 X 24,330 298,620
TASTY BAKING CO COMMON 876553300 360 28,125 X 0 28,125
TENNECO AUTOMOTIVE INC COMMON 880349105 2,201 419,200 X 39,100 380,100
TENET HEALTHCARE CORP. COMMON 88033G100 63,772 2,361,932 X 375,782 1,986,150
TEEKAY SHIPPING CORPORATIO COMMON Y8564W103 3,412 103,800 X 13,700 90,100
TELLABS INC. COMMON 879664100 1,096 16,020 X 2,200 13,820
TRIBUNE CO NEW COMMON 896047107 44,559 1,273,116 X 221,885 1,051,231
TREGA BIOSCIENCES INC. COMMON 894699107 154 48,300 X 0 48,300
SABRE HOLDINGS CORP COMMON 785905100 5,106 179,142 X 9,507 169,635
TIME WARNER INC COMMON 887315109 3,530 46,445 X 6,575 39,870
TEXACO INC COMMON 881694103 85,209 1,600,170 X 241,849 1,358,321
TXU CORPORATION COMMON 873168108 3,220 109,140 X 289 108,851
TYCO INTERNATIONAL LTD COMMON 902124106 493 10,412 X 1,412 9,000
TRIZECHAHN COMMON 896938107 324 18,100 X 0 18,100
UNOCAL CORP COMMON 915289102 63,887 1,928,678 X 342,556 1,586,122
UTILICORP UNITED COMMON 918005109 239 12,000 X 0 12,000
ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 239 9,622 X 0 9,622
MEDIAONE GROUP INC COM COMMON 58440J104 97,248 1,466,479 X 211,948 1,254,531
UNITEDHEALTH GROUP INC COMMON 91324P102 587 6,846 X 1,000 5,846
UNION PAC RES COMMON 907834105 1,520 69,106 X 0 69,106
UNITED TECHNOLOGIES CORP COMMON 913017100 254 4,320 X 0 4,320
VIACOM INC CL A COMMON 925524100 499 7,300 X 400 6,900
VORNADO REALTY TRUST COMMON 929042109 593 17,060 X 60 17,000
VODAFONE AIRTOUCH PLC-SP A COMMON 92857T107 4,662 112,515 X 765 111,750
NAME OF ISSUER Title Cusip Fair Shares Investment Disc Voting Authority
of Number Market of Prin SOLE SHARED OTHER SOLE SHARED NONE
Class Value Amount (A) (B) (C) (A) (B) (C)
(X1000)
WEBB (DEL) CORP. COMMON 947423109 547 35,700 X 0 35,700
WORLDCOM INC COMMON 98157D106 64,521 1,406,460 X 187,580 1,218,880
WELLS FARGO & CO COMMON 949746101 2,347 60,580 X 0 60,580
WASHINGTON GAS LT CO COMMON 938837100 1,035 43,000 X 0 43,000
WASHINGTON MUTUAL INC COMMON 939322103 74,091 2,565,909 X 435,276 2,130,633
WILLIAMS COS INC COMMON 969457100 293 7,030 X 0 7,030
WASTE MANAGEMENT INC DEL COMMON 94106L109 380 20,015 X 0 20,015
WAL-MART STORES COMMON 931142103 1,105 19,169 X 169 19,000
WESTWOOD ONE COMMON 961815107 6,433 188,500 X 0 188,500
WATSON PHARMACEUTICALS INC COMMON 942683103 255 4,740 X 0 4,740
WASHINGTON POST CO CL B COMMON 939640108 6,069 12,696 X 0 12,696
XL CAPITAL LTD COMMON G98255105 55,365 1,022,90 X 172,251 850,654
EXXON MOBIL CORPORATION COMMON 30231G102 16,112 205,249 X 8,439 196,810
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