UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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: 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, Trust Officer
Phone: 216-813-1604
Signature, Place, and Date of Signing:
Diane L. Wozniak Brooklyn, Ohio November 14, 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: 260
Form 13F Information Table Value Total: $3,209,967,505
List of Other Included Managers:
No. 13F File Number Name
None
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3rd Quarter
SBSF 13-F Report
Title of Cusip Fair Market Shares of Investment DiscretionVoting Authority
NAME OF ISSUER Class Numbers Value Principal ASOLESHARED OTHER MGR SOLE SHARED NONE
(X1000) (A) (B) (C) (A) (B) (C)
ABBOTT LABORATORIES COMMON 002824100 571 12019 X SBSF 269 11750
ACE LTD COMMON G0070K103 104974 2674501 X SBSF 432028 2242473
ADELPHIA COMMUNICATIONS COMMON 006848105 477 17300 X SBSF 1000 16300
AFFYMETRIX COMMON 00826T108 1496 30000 X SBSF 0 30000
AGILENT TECHNOLOGIES INC. COMMON 00846U101 235 4804 X SBSF 0 4804
AGL RESOURCES INC COMMON 001204106 2006 100000 X SBSF 0 100000
ALCOA INC COMMON 013817101 7535 297680 X SBSF 12860 284820
ALKERMES INC COMMON 01642T108 232 6000 X SBSF 0 6000
ALLSTATE CORP COMMON 020002101 268 7708 X SBSF 0 7708
ALLTEL CORP COMMON 020039103 39246 752013 X SBSF 148835 603178
ALZA CORP COMMON 022615108 2837 32800 X SBSF 0 32800
AMB PROPERTIES COMMON 00163T109 1279 52095 X SBSF 12095 40000
AMERICA ON LINE INC COMMON 02364J104 25009 465285 X SBSF 86883 378402
AMERICAN EXPRESS CO COMMON 025816109 319 5250 X SBSF 600 4650
AMERICAN HOME PRODS CORP COMMON 026609107 88348 1561953 X SBSF 222026 1339927
AMERICAN INTL GROUP INC COMMON 026874107 62532 653508 X SBSF 15486 638022
AMERICAN SUPERCONDUCTOR CO COMMON 030111108 1981 40300 X SBSF 0 40300
AMERIVEST PROPERTIES INC. COMMON 03071L101 227 53500 X SBSF 0 53500
AMGEN INC COMMON 031162100 10738 153780 X SBSF 2980 150800
AMR CORP COMMON 001765106 8342 255200 X SBSF 14600 240600
AMSOUTH BANCORPORATION COMMON 032165102 1061 84888 X SBSF 23227 61661
ANADARKO PETROLEUM CORP COMMON 032511107 3690 55531 X SBSF 10925 44606
ANHEUSER-BUSCH CO. INC COMMON 035229103 782 18484 X SBSF 178 18306
APACHE CORP COMMON 037411105 7605 128633 X SBSF 2430 126203
ARCHSTONE COMMUNITIES TRUS COMMON 039581103 1488 60569 X SBSF 0 60569
ARDEN REALTY INC COMMON 039793104 885 33000 X SBSF 12000 21000
ASSOCIATES FIRST CAP CORP COMMON 046008108 79562 2093755 X SBSF 368411 1725344
AT&T CORP. COMMON 0'0195710 21571 734341 X SBSF 38566 695775
AT&T CORP-LIBERTY MEDIA-A COMMON 001957208 302 16788 X SBSF 4000 12788
AUTOMATIC DATA PROCESSING COMMON 053015103 237 3555 X SBSF 3555 0
AUTONATION INC COMMON 05329W102 402 67000 X SBSF 0 67000
AVALON BAY CMNTYS INC. COMMON 053484101 1257 26366 X SBSF 8000 18366
AVATAR HOLDINGS INC COMMON 053494100 6414 333215 X SBSF 26 333189
AVON PRODUCTS COMMON 054303102 515 12602 X SBSF 700 11902
BANK OF NEW YORK INC COMMON 064057102 6455 115152 X SBSF 0 115152
BANKATLANTIC BANCORP INC COMMON 065908501 45 10845 X SBSF 0 10845
BAXTER INTL INC COMMON 071813109 251 3150 X SBSF 150 3000
BEAZER HOME COMMON 07556Q105 2404 88215 X SBSF 0 88215
BECKMAN COULTER INC. COMMON 075811109 46256 599751 X SBSF 104998 494753
BELO (A.H.) CORP -COM SER COMMON 080555105 11188 606800 X SBSF 18600 588200
BERKSHIRE HATHAWAY CLASS B COMMON 084670207 2658 1284 X SBSF 0 1284
BIO CHEM PHARMACEUTICAL COMMON 09058T108 7101 323711 X SBSF 22221 301490
BIOGEN INC COMMON 090597105 2350 38532 X SBSF 400 38132
BORG WARNER AUTOMOTIVE COMMON 099724106 472 14240 X SBSF 185 14055
BOSTON PROPERTIES INC COMMON 101121101 1558 36300 X SBSF 8000 28300
BP AMOCO PLC SPONS ADR COMMON 055622104 10660 201136 X SBSF 4802 196334
BRANDYWINE REALTY TRUST SB COMMON 105368203 607 30000 X SBSF 0 30000
BRISTOL MYERS SQUIBB CO COMMON 110122108 1127 19732 X SBSF 112 19620
BURLINGTON RES INC COMMON 122014103 67118 1823257 X SBSF 323882 1499375
C.I.T. GROUP INC-A COMMON 125577106 80586 4604923 X SBSF 751720 3853203
CABLEVISION SYS CP CL A COMMON 12686C109 1808 27265 X SBSF 0 27265
CABOT INDUSTRIAL TRUST COMMON 127072106 412 20700 X SBSF 4000 16700
CENDANT COMMON 151313103 108 10000 X SBSF 0 10000
CENTEX CORP. COMMON 152312104 12445 387400 X SBSF 14400 373000
CENTRAL PACIFIC MINERALS COMMON 154762306 35 10000 X SBSF 0 10000
CHALONE INC COMMON 157639105 216 21998 X SBSF 0 21998
CHARLES E SMITH RESIDENTIA COMMON 832197107 726 16000 X SBSF 0 16000
CHASE MANHATTAN CORP NEW COMMON 16161A108 3233 70008 X SBSF 99 69909
CHEVRON CORP COMMON 166751107 1475 17308 X SBSF 163 17145
CHIRON CORP COMMON 170040109 1200 26676 X SBSF 0 26676
CHUBB CORP COMMON 171232101 7491 94673 X SBSF 1300 93373
CIGNA CORP COMMON 125509109 445 4266 X SBSF 0 4266
CISCO SYSTEMS INC COMMON 17275R102 1290 23362 X SBSF 3092 20270
CITIGROUP INC COMMON 172967101 26064 482109 X SBSF 16058 466052
CLEAR CHANNEL COMMUNICATION COMMON 184502102 294 5200 X SBSF 0 5200
COCA COLA CO COMMON 191216100 1284 23296 X SBSF 0 23296
COLLAGENESIS CORP SENIOR S COMMON COLLAGEN 462 462671 X SBSF 0 462671
COMCAST CORP CL A SPL COMMON 200300200 22371 546473 X SBSF 22740 523733
COMERICA INC COMMON 200340107 289 4950 X SBSF 0 4950
COMMERCE BANCORP INC. NJ COMMON 200519106 10045 172629 X SBSF 0 172629
COMPAQ COMPUTER COMMON 204493100 11319 410400 X SBSF 6200 404200
CONAGRA INC. COMMON 205887102 727 36260 X SBSF 1260 35000
CONOCO INC CL - B COMMON 208251405 38459 1427719 X SBSF 312099 1115620
CONVERGYS CORP. COMMON 212485106 214 5500 X SBSF 0 5500
CORNERSTONE PROPERTIES INC COMMON 21922H103 181 10000 X SBSF 0 10000
CORNING INC COMMON 219350105 267 900 X SBSF 800 100
CORRECTIONAL SERVICES COMMON 219921103 59 15275 X SBSF 0 15275
COUSINS PROPERTIES COMMON 222795106 9435 219104 X SBSF 7700 211404
CURIS COMMON 231269101 727 36493 X SBSF 0 36493
CYGNUS INC COMMON 232560102 407 37000 X SBSF 0 37000
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 60154 3977132 X SBSF 601430 3375702
DIACRIN INC. COMMON 25243N103 153 21500 X SBSF 0 21500
DIAGEO PLC - SPONSORED ADR COMMON 25243Q205 24839 703396 X SBSF 136657 566739
DOW CHEMICAL CO COMMON 260543103 284 11400 X SBSF 0 11400
DPL INC COMMON 233293109 1094 36780 X SBSF 0 36780
DREAMLIFE INC COMMON 26152Q103 362 100000 X SBSF 0 100000
DU PONT E I DE NEMOURS & C COMMON 263534109 1836 44302 X SBSF 0 44302
EASTMAN KODAK CO COMMON 277461109 385 9433 X SBSF 0 9433
EBAY INC. COMMON 278642103 213 3100 X SBSF 600 2500
ELAN CORP PLC ADR COMMON 284131208 994 18160 X SBSF 0 18160
ELECTRONIC DATA SYSTEMS CO COMMON 285661104 68619 1653488 X SBSF 299356 1354132
EMC CORP MASS COMMON 268648102 2945 29716 X SBSF 1716 28000
EMMIS BROADCASTING CL A COMMON 291525103 1259 50884 X SBSF 0 50884
ENZON INC COMMON 293904108 1993 30200 X SBSF 0 30200
EOG RESOURCES INC COMMON 26875P101 70885 1823423 X SBSF 315172 1508251
EQUITY OFFICE PROPERTIES COMMON 294741103 8567 275798 X SBSF 30560 245238
EQUITY RESIDENTIAL PPTYS T COMMON 29476L107 1319 27490 X SBSF 8000 19490
EVEREST REINSURANCE GROUP COMMON G3223R108 1188 24000 X SBSF 0 24000
EXXON MOBIL CORPORATION COMMON 30231G102 18583 208505 X SBSF 9807 198698
FEDERAL HOME LOAN COMMON 313400301 226 4180 X SBSF 1480 2700
FEDERAL NATL MORTGAGE ASSN COMMON 313586109 84054 1175583 X SBSF 236209 939374
FEDEX CORPORATION COMMON 31428X106 47872 1079668 X SBSF 200654 879014
FIRSTAR CORPORATION COMMON 33763V109 441 19728 X SBSF 0 19728
FLEXTRONICS INTL LTD. COMMON Y2573F102 5192 63222 X SBSF 500 62722
FNB CORP COMMON 302520101 309 14470 X SBSF 0 14470
FORD MTR CO DEL COMMON 345370100 2002 43000 X SBSF 0 43000
FOREST LABORATORIES INC COMMON 345838106 633 5520 X SBSF 300 5220
GABLES RESIDENTIAL TR COMMON 362418105 1087 40000 X SBSF 20000 20000
GANNETT CO COMMON 364730101 4648 87705 X SBSF 0 87705
GEN MOTORS CL H / HUGHES E COMMON 370442832 4556 122560 X SBSF 15359 107201
GENENTECH INC COMMON 368710406 464 2500 X SBSF 0 2500
GENERAL ELECTRIC CO COMMON 369604103 48514 840983 X SBSF 13587 827396
GENERAL MTRS CORP COMMON 370442105 8051 123864 X SBSF 8752 115112
GENUINE PARTS CO. COMMON 372460105 24651 1293181 X SBSF 243410 1049771
GENZYME CORP COMMON 372917104 17346 254388 X SBSF 13610 240778
GENZYME TISSUE REPAIR COMMON 372917401 259 63330 X SBSF 0 63330
GILEAD SCIENCES INC COMMON 375558103 384 3500 X SBSF 0 3500
GLAMIS GOLD LTD COMMON 376775102 22 15000 X SBSF 0 15000
GLOBAL CROSSING LTD COMMON G3921A100 496 16000 X SBSF 900 15100
GOODYEAR TIRE & RUBBER CO. COMMON 382550101 1751 97300 X SBSF 12200 85100
GULF CANADA RES LTD ORD COMMON 40218L305 7492 1394000 X SBSF 70100 1323900
H.J. HEINZ COMMON 423074103 46280 1248697 X SBSF 239423 1009274
HEWLETT PACKARD CO COMMON 428236103 1319 13600 X SBSF 1000 12600
HIBERNIA CORP CL A COMMON 428656102 1871 152768 X SBSF 0 152768
HOME DEPOT INC COMMON 437076102 171519 3232400 X SBSF 0 3232400
HOME PROPERTIES OF NY INC COMMON 437306103 1583 53000 X SBSF 28000 25000
HONEYWELL INTERNATIONAL IN COMMON 438516106 617 17310 X SBSF 800 16510
HOUSEHOLD INTL COMMON 441815107 532 9400 X SBSF 0 9400
HUTTIG BUILDING PRODUCTS I COMMON 448451104 165 36644 X SBSF 0 36644
IDEXX LABS INC COMMON 45168D104 909 34000 X SBSF 0 34000
IMCLONE SYS INC COMMON 45245W109 936 8000 X SBSF 0 8000
INCYTE PHARMACEUTICAL INC COMMON 45337C102 370 9000 X SBSF 0 9000
INITIALS PLUS INC COMMON 045719710 1 10000 X SBSF 0 10000
INTEL CORP COMMON 458140100 33760 812281 X SBSF 85326 726955
INTERPUBLIC GROUP COS INC COMMON 460690100 468 13757 X SBSF 0 13757
INTL BUSINESS MACHINES COR COMMON 459200101 59458 528519 X SBSF 62183 466336
IRON MOUNTAIN INC. COMMON 462846106 270 7300 X SBSF 0 7300
JLG INDUSTRIES INC. COMMON 466210101 280 23000 X SBSF 0 23000
JOHNSON & JOHNSON COMMON 047816010 2009 21393 X SBSF 8093 13300
KEYCORP NEW COMMON 493267108 42296 1670948 X SBSF 0 1670948
LEGGETT & PLATT COMMON 052466010 256 16200 X SBSF 0 16200
LENNAR CORP. COMMON 526057104 5760 194023 X SBSF 1152 192871
LIFECELL CORP COMMON 531927101 115 25000 X SBSF 0 25000
LIGAND PARMACEUTICALS INC COMMON 53220K207 282 22000 X SBSF 0 22000
LILLY ELI & CO. COMMON 532457108 394 4855 X SBSF 1655 3200
LITTON INDUSTRIES INC. COMMON 538021106 760 17000 X SBSF 0 17000
LORAL SPACE & COMMUNICATIO COMMON G56462107 196 32000 X SBSF 0 32000
LUCENT TECHNOLOGIES COMMON 549463107 24508 801922 X SBSF 165015 636907
MACK CALI REALTY COMMON 554489104 676 24000 X SBSF 4000 20000
MASCO CORP. COMMON 574599106 27245 1462815 X SBSF 285274 1177541
MCDONALDS CORP COMMON 580135101 26029 862245 X SBSF 178693 683552
MEDIMMUNE INC COMMON 584699102 463 6000 X SBSF 0 6000
MELLON FINANCIAL CORP COMMON 585509102 292 6300 X SBSF 800 5500
MERCK & CO INC COMMON 589331107 1496 20097 X SBSF 1901 18196
METHANEX CORPORATION COMMON 59151K108 76 15000 X SBSF 0 15000
MGIC INVESTMENT COMMON 552848103 4033 65985 X SBSF 13625 52360
MICROSOFT CORP COMMON 594918104 2045 33912 X SBSF 6838 27074
MILLENIUM PHARMACEUTICALS COMMON 599902103 292 2000 X SBSF 0 2000
MITSUI MARINE & FIRE INSUR COMMON 606839207 230 5000 X SBSF 5000 0
MORGAN J P & CO INC COMMON 616880100 14643 89630 X SBSF 330 89300
MORGAN STANLEY DEAN WITTER COMMON 617446448 3521 38514 X SBSF 794 37720
MUTUAL RISK MANAGEMENT LTD COMMON 628351108 5820 265300 X SBSF 10300 255000
NAVISTAR INTL COMMON 63934E108 56770 1896289 X SBSF 307862 1588427
NCR CORP NEW COMMON 62886E108 75767 2003763 X SBSF 371579 1632184
NEW HORIZONS WORLDWIDE INC COMMON 645526104 400 33350 X SBSF 300 33050
NEWS CORP LTD COMMON 652487703 953 17000 X SBSF 0 17000
NOBLE AFFILIATES COMMON 654894104 9090 244866 X SBSF 1360 243506
NORTH FORK BANCORPORATION COMMON 659424105 23709 1096390 X SBSF 38100 1058290
NSTAR COMMON 67019E107 266 6600 X SBSF 0 6600
OMNICOM GROUP COMMON 681919106 284 3900 X SBSF 0 3900
OPTA FOOD INGREDIENTS COMMON 68381N105 21 10000 X SBSF 0 10000
PACKAGED ICE INC. COMMON 695148106 27 10000 X SBSF 0 10000
PACTIV CORP. COMMON 695257105 4336 387600 X SBSF 66900 320700
PARTNER RE LTD COMMON G6852T105 92505 1950046 X SBSF 232241 1717805
PATHWAYS GROUP INC COMMON 70321D106 17 30000 X SBSF 0 30000
PENNEY J.C. COMMON 708160106 342 28956 X SBSF 266 28690
PFIZER INC COMMON 717081103 51273 1141003 X SBSF 168344 972659
PHILIP MORRIS COS INC COMMON 718154107 909 30880 X SBSF 1535 29345
PHILLIPS PETROLEUM CO. COMMON 718507106 1186 18900 X SBSF 4900 14000
PITNEY-BOWES INC COMMON 724479100 206 5222 X SBSF 0 5222
POLAROID COMMON 731095105 743 55300 X SBSF 2500 52800
POST PROPERTIES INC COMMON 737464107 871 20000 X SBSF 10000 10000
POTOMAC ELECTRIC POWER CO COMMON 073767910 239 9500 X SBSF 0 9500
PPG INDUSTRIES INC COMMON 693506107 369 9308 X SBSF 0 9308
PREMIER FINANCIAL BANCORP COMMON 74050M105 59 10500 X SBSF 0 10500
PRISON REALTY CORP COMMON 74264N105 104 87625 X SBSF 0 87625
PROCTER & GAMBLE CO COMMON 742718109 206 3082 X SBSF 682 2400
PROLOGIS COMMON 743410102 1437 60537 X SBSF 0 60537
PROTCTIVE LIFE COMMON 743674103 977 32700 X SBSF 1800 30900
PROTEIN DESIGN LABS INC. COMMON 74369L103 337 2800 X SBSF 0 2800
QLT PHOTOTHERAPEUTICS INC COMMON 746927102 213 3000 X SBSF 0 3000
QWEST COMMUNICATIONS INTL COMMON 749121109 4235 88117 X SBSF 2527 85590
RADIAN GROUP INC COMMON 750236101 1151 17064 X SBSF 0 17064
RELIANT ENERGY INCORP COMMON 75952J108 3060 65800 X SBSF 0 65800
RENAISSANCERE HOLDINGS LTD COMMON G7496G103 5818 91004 X SBSF 0 91004
REUTERS GROUP PLC SPONS AD COMMON 76132M102 292 2599 X SBSF 0 2599
ROBERT HALF INT'L COMMON 770323103 63102 1819176 X SBSF 317701 1501475
ROWAN COMPANIES INC. COMMON 779382100 39412 1359055 X SBSF 262403 1096652
ROYAL DUTCH PETE NY REGIST COMMON 780257804 253 4217 X SBSF 2617 1600
SABRE HOLDINGS CORP COMMON 785905100 505 17459 X SBSF 5872 11587
SAFECO CORP COMMON 786429100 272 10000 X SBSF 0 10000
SANGSTAT MEDICAL CORP COMMON 801003104 243 19000 X SBSF 0 19000
SARA LEE CORP COMMON 803111103 1625 80000 X SBSF 0 80000
SBC COMMUNICATIONS INC COMMON 78387G103 97376 1947531 X SBSF 347028 1600503
SCHERING PLOUGH CORP COMMON 806605101 4767 102516 X SBSF 8290 94226
SCHLUMBERGER LTD COMMON 806857108 304 3700 X SBSF 0 3700
SECURITY CAPITAL GROUP - B COMMON 81413P204 568 30000 X SBSF 5000 25000
SEIBELS BRUCE GROUP INC COMMON 816006209 35 35000 X SBSF 0 35000
SIX FLAGS INC COMMON 83001P109 22643 1460831 X SBSF 282420 1178411
SL GREEN REALTY CORP COMMON 78440X101 617 22000 X SBSF 12000 10000
SMITHKLINE BEECHAM SPONS A COMMON 832378301 14909 217262 X SBSF 1040 216222
SOLECTRON CORP COMMON 834182107 991 21480 X SBSF 80 21400
SOUTHERN UNION COMPANY COMMON 844030106 23016 1161717 X SBSF 47710 1114007
SOVEREIGN BANCORP INC COMMON 845905108 1403 151701 X SBSF 2000 149701
SPRINT CORP COMMON 852061100 60046 2048471 X SBSF 302065 1746406
STATE STREET CORP COMMON 857477103 234 1800 X SBSF 1800 0
SUMMIT PROPERTIES INC COMMON 866239106 253 10500 X SBSF 3000 7500
SUNTRUST BANKS INC COMMON 867914103 21291 427419 X SBSF 92984 334435
SYNOPSYS INC. COMMON 871607107 572 15100 X SBSF 0 15100
TASTY BAKING CO COMMON 87655330 299 28125 X SBSF 0 28125
TEEKAY SHIPPING CORPORATIO COMMON Y8564W103 4600 98000 X SBSF 13700 84300
TELLABS INC. COMMON 879664100 574 12030 X SBSF 3000 9030
TENET HEALTHCARE CORP. COMMON 88033G100 78346 2153839 X SBSF 354861 1798978
TENNECO AUTOMOTIVE INC COMMON 880349105 1838 354300 X SBSF 39100 315200
TEXACO INC COMMON 881694103 81945 1560865 X SBSF 260848 1300017
THE ST JOE COMPANY COMMON 790148100 388 14000 X SBSF 0 14000
TIME WARNER INC COMMON 887315109 3682 47059 X SBSF 6575 40484
TREGA BIOSCIENCES INC. COMMON 894699107 160 48300 X SBSF 0 48300
TRIBUNE CO NEW COMMON 896047107 69984 1604226 X SBSF 320051 1284175
TRIZECHAHN COMMON 896938107 304 18100 X SBSF 0 18100
TXU CORPORATION COMMON 873168108 2539 89327 X SBSF 1360 87967
ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 244 9622 X SBSF 0 9622
UNITED RENTALS INC COMMON 911363109 241 10000 X SBSF 0 10000
UNITEDHEALTH GROUP INC COMMON 91324P102 577 5846 X SBSF 0 5846
UNOCAL CORP COMMON 915289102 69664 1965850 X SBSF 382981 1582869
UTILICORP UNITED COMMON 918005109 310 12000 X SBSF 0 12000
VERIZON COMMUNICATIONS COMMON 92343V104 13486 278425 X SBSF 11546 266879
VIACOM INC CL A COMMON 925524100 809 13840 X SBSF 800 13040
VISHAY INTERTECHNOLOGY INC COMMON 928298108 3212 104481 X SBSF 11908 92573
VISTEON CORP. COMMON 92839U107 2789 184430 X SBSF 2600 181830
VODAFONE GROUP PLC-SP ADR COMMON 92857W100 4163 112515 X SBSF 765 111750
VOICESTREAM WIRELESS CORP COMMON 928615103 460 3963 X SBSF 207 3756
VORNADO REALTY TRUST COMMON 929042109 1079 29060 X SBSF 8060 21000
WALGREEN CO COMMON 931422109 501 13200 X SBSF 0 13200
WAL-MART STORES COMMON 931142103 1115 23169 X SBSF 169 23000
WALT DISNEY CO. COMMON 254687106 15350 401325 X SBSF 7300 394025
WASHINGTON GAS LT CO COMMON 093883710 1155 43000 X SBSF 0 43000
WASHINGTON MUTUAL INC COMMON 939322103 96670 2428134 X SBSF 454311 1973823
WASHINGTON POST CO CL B COMMON 939640108 6617 12536 X SBSF 0 12536
WASTE MANAGEMENT INC DEL COMMON 94106L109 349 20015 X SBSF 0 20015
WATSON PHARMACEUTICALS INC COMMON 942683103 307 4740 X SBSF 0 4740
WEBB (DEL) CORP. COMMON 947423109 990 35700 X SBSF 0 35700
WELLS FARGO & CO COMMON 949746101 2783 60580 X SBSF 0 60580
WENDY'S INTERNATIONAL INC COMMON 950590109 573 28600 X SBSF 1600 27000
WESTVACO CORP COMMON 096154810 266 10000 X SBSF 0 10000
WESTWOOD ONE COMMON 961815107 4041 188500 X SBSF 0 188500
WILLIAMS COS INC COMMON 969457100 297 7030 X SBSF 0 7030
WMS INDUSTRIES INC. COMMON 929297109 1485 66000 X SBSF 1500 64500
WORLDCOM INC COMMON 98157D106 84882 2794479 X SBSF 435633 2358846
XL CAPITAL LTD COMMON G98255105 68581 933086 X SBSF 167057 766029
260 items Total Mkt Value 3209967505
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