UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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: CalPERS
Address: 400 P Street
Sacramento, CA 95814
13F File Number:
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 Behald of Reporting Manager:
Name: Denise M. Arend
Title: Div Chief Investment Ops
Phone: 916-341-2374
Signature, Place, and Date of Signing:
Denise M. Arend Sacramento, CA 8/4/99
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[X] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 3126
Form 13F Information Table Value Total: 60783660
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C>
KLEVER MARKETING INC COM 498589100 1 262.00 SH SOLE 262.00
TREGA BIOSCIENCES INC COM 894699107 1361 777900.00 SH SOLE 777900.00
CALIFORNIA COASTAL CMNTYS COM 129915104 0 62.00 SH SOLE 62.00
FEC SHAREHOLDER TRUST 320135999 0 613000.00 SH SOLE 613000.00
IMPERIAL CORP AMER COM 452722101 0 40700.00 SH SOLE 40700.00
MONARCH CAP CORP COM 609023106 0 112700.00 SH SOLE 112700.00
PNP PRIMECORP PFD EXCH 17. 69347R206 0 18634.00 SH SOLE 18634.00
SOUTHEASTBKG CORP COM 841338106 0 396068.00 SH SOLE 396068.00
50 OFF STORES INC 316811108 0 421200.00 SH SOLE 421200.00
FOCUS SURGERY INC COM 344163100 1 118400.00 SH SOLE 118400.00
HAPPINESSEXPRESS INC COM 411381106 0 27500.00 SH SOLE 27500.00
MERRY GO ROUND ENTERPRISE COM RTS CALLABLE THRU 30SEP01 590436101 0 425250.00 SH SOLE 425250.00
BEN FRANKLIN RETAIL ST 081499105 0 21816.00 SH SOLE 21816.00
ARCHSTONECMNTYS TR PFD SER A CONV 039581202 7071 262500.00 SH SOLE 262500.00
INTERMEDIA COMMUNICATIONS COM 458801107 417 15652.09 SH SOLE 15652.09
UNOCAL CAP TR TR CONV PFD SECS 91528T207 7806 145220.00 SH SOLE 145220.00
TELE COMMUNICATIONS INTL 4.5% 15 Feb 2006 87924HAA0 5713 5000000.00 SH SOLE 5000000.00
HOME DEPOT INC 3.25% 01 Oct 2001 437076AE2 13863 5000000.00 SH SOLE 5000000.00
UNITED STATES FILTER CORP 4.5% 15 Dec 2001 911843AF7 5537 5650000.00 SH SOLE 5650000.00
HILTON HOTELS CORP 5% 15 May 2006 432848AL3 6328 6750000.00 SH SOLE 6750000.00
DIAMOND OFFSHORE DRILLING 3.75% 15 Feb 2007 25271CAA0 2080 2000000.00 SH SOLE 2000000.00
DOLE FOODAUTOMATIC COM AUTOMATIC COM EXCH SECS 256601204 5359 175000.00 SH SOLE 175000.00
ROUSE CO PFD CONV SER B PCT 779273309 5588 150000.00 SH SOLE 150000.00
MERRILL LYNCH + CO INC STRYPES EXCHBLE INTO COX COMM 590188777 8842 146000.00 SH SOLE 146000.00
PHOTRONICS INC 6% 01 Jun 2004 719405AA0 5514 5500000.00 SH SOLE 5500000.00
CNF TR I GTD TERM CONV SECS SER A CONV 12612V205 7493 135000.00 SH SOLE 135000.00
WASTE MGMT INC DEL 4% 01 Feb 2002 94106LAA7 5775 5000000.00 SH SOLE 5000000.00
HOUSTON INDS INC AUTOMATIC COM EXCHANGE SEC 442161204 9447 78400.00 SH SOLE 78400.00
RALSTON PURINA CO STK APPREC INCOME LKD SECS 751277401 3375 75000.00 SH SOLE 75000.00
TOWER AUTOMOTIVE INC 5% 01 Aug 2004 891707AA9 1453 1500000.00 SH SOLE 1500000.00
NCS HEALTH INC 5.75% 15 Aug 2004 628874AA7 1202 2000000.00 SH SOLE 2000000.00
METAMOR WORLDWIDE INC 2.94% 15 Aug 2004 59133PAA8 5861 9000000.00 SH SOLE 9000000.00
COSTCO COS INC 0.01% 19 Aug 2017 22160QAA0 12420 12000000.00 SH SOLE 12000000.00
SINCLAIR BROADCAST GROUP PFD CONV EXCHANGEABLE SER D 829226505 2653 65000.00 SH SOLE 65000.00
INTERMEDIA COMMUNICATIONS DEP SH 1/100 JR PFD CNV E 144A 458801867 3788 145000.00 SH SOLE 145000.00
INTERNATIONAL PAPER CAP T PFD CONV 5.25 CONV INTO COM 460137300 4264 90000.00 SH SOLE 90000.00
SPEEDWAY MOTORSPORTS INC 5.75% 30 Sep 2003 847788AC0 5460 4403000.00 SH SOLE 4403000.00
CONSECO INC INCOME PRIDES 208464602 3956 100000.00 SH SOLE 100000.00
LEVEL ONECOMMUNICATIONS 4% 01 Sep 2004 527295AC3 3935 2000000.00 SH SOLE 2000000.00
HALTER MARINE GROUP INC 4.5% 15 Sep 2004 40642YAC9 2997 5750000.00 SH SOLE 5750000.00
GLENBOROUGH RLTY TR INC PRD CONV SER A PCT 37803P204 4355 260000.00 SH SOLE 260000.00
ACTIVISION INC NEW 6.75% 01 Jan 2005 004930AA1 4764 5500000.00 SH SOLE 5500000.00
READERS DIGEST TR AUTOMATIC COM EXCHG SECS 755271202 3741 117600.00 SH SOLE 117600.00
BELL ATLANT FINL 5.75% 01 Apr 2003 07785GAB6 2644 2500000.00 SH SOLE 2500000.00
CONCENTRAMANAGED CARE IN 4.5% 15 Mar 2003 20589TAB9 1858 2000000.00 SH SOLE 2000000.00
EL PASO ENERGY CAP TR 1 PFD CONV TR SECS 283678209 4813 100000.00 SH SOLE 100000.00
SUIZA CAPTR II TR CONV PFD SECS 144A 86507G200 3450 100000.00 SH SOLE 100000.00
DATA PROCESSING RES CORP 5.26% 01 Apr 2005 237823AA7 2564 3750000.00 SH SOLE 3750000.00
CLEAR CHANNEL COMMUNICATI 2.625% 01 Apr 2003 184502AB8 13626 11000000.00 SH SOLE 11000000.00
ECHOSTAR COMMUNICATIONS C PFD CONV SER C 278762307 4688 28500.00 SH SOLE 28500.00
PREMIER PKS INC PREM INC EQ SECS PINESPFD 740540307 4518 65000.00 SH SOLE 65000.00
SEALED AIR CORP NEW PFD CONV SER A 2.00 81211K209 3946 79721.00 SH SOLE 79721.00
SENSORMATIC ELECTRS CORP DEPOSITARY SH PFD 144A 817265200 2740 160000.00 SH SOLE 160000.00
XEROX CORP 0.57% 21 Apr 2018 984121AY9 5079 8500000.00 SH SOLE 8500000.00
FINANCIALFED CORP 4.5% 01 May 2005 317492AA4 2094 2500000.00 SH SOLE 2500000.00
PHILADELPHIA CONS HLDGS PFD INCOME PRIDES 717528301 2831 300000.00 SH SOLE 300000.00
INTERMEDIA COMMUNICATIONS DEPOSITARY SH JR PFD CONV SERE 458801834 653 25000.00 SH SOLE 25000.00
SECURITY CAP U S RLTY 2% 22 May 2003 814136AA5 1825 2500000.00 SH SOLE 2500000.00
OWENS ILLINC PFD CONV 690768502 3644 100000.00 SH SOLE 100000.00
INTERIM SVCS INC 4.5% 01 Jun 2005 45868PAA8 4650 6000000.00 SH SOLE 6000000.00
DOLLAR GEN STRYPES TR STRUCTURED YIELD PROD 256678103 4282 101500.00 SH SOLE 101500.00
GENERAL GROWTH PPTYS INC DEPOSITORY SH REPSTG PFD INCOM 370021206 3413 150000.00 SH SOLE 150000.00
CONCENTRAMANAGED CARE IN 6% 15 Dec 2001 20589TAA1 3803 4500000.00 SH SOLE 4500000.00
BEA SYS INC 0.99% 01 Jun 2005 073325AA0 7303 9500000.00 SH SOLE 9500000.00
CSC HLDGSINC DEP SH REPSTG 1/10 PFD SER1PC 126304203 7671 68800.00 SH SOLE 68800.00
MEDIAONE GROUP INC PRD SER D 58440J203 10928 85000.00 SH SOLE 85000.00
COMVERSE TECHNOLOGY INC 4.5% 01 Jul 2005 205862AF2 7996 5500000.00 SH SOLE 5500000.00
SENSORMATIC ELECTRS CORP COM 144A 817265606 491 29084.92 SH SOLE 29084.92
NCS HEALTHCARE INC 5.75% 15 Aug 2004 628874AC3 3006 5000000.00 SH SOLE 5000000.00
TEXAS UTILS CO INCOME PRIDES 882848203 6664 125000.00 SH SOLE 125000.00
LOMAK PETE INC 6% 01 Feb 2007 541509AF2 3450 7500000.00 SH SOLE 7500000.00
CALENERGYCAP TR III PFD CONV 12946N309 4400 100000.00 SH SOLE 100000.00
FINANCIALFED CORP 4.5% 01 May 2005 317492AC0 2125 2500000.00 SH SOLE 2500000.00
MEDIAONE GROUP INC PREM INCOME EXCHANGEABLE SECS 58440J401 14233 172000.00 SH SOLE 172000.00
AES TR II GTD TERM CONV SECS SER B 001034305 3881 90000.00 SH SOLE 90000.00
TOSCO FING TR TR PFD CONV 5.75PCT 891491409 4775 100000.00 SH SOLE 100000.00
OMNICARE INC 5% 01 Dec 2007 681904AD0 6480 8000000.00 SH SOLE 8000000.00
NETWORKS ASSOCS INC 0% 13 Feb 2018 640938AB2 5275 14500000.00 SH SOLE 14500000.00
HEALTHSOUTH CORP 3.25% 01 Apr 2003 421924AF8 7335 9000000.00 SH SOLE 9000000.00
INTERMEDIA COMMUNICATIONS DEP SH REP 1/100 JR PFD 144A 458801826 7616 336600.00 SH SOLE 336600.00
CENTRAL PKG FIN TR TR PFD CONV SECS 154787303 2853 140000.00 SH SOLE 140000.00
ICG FDG LLC PFD EXCHANGEABLE 44924Q400 6073 123000.00 SH SOLE 123000.00
RITE AID CORP 5.25% 15 Sep 2002 767754AL8 7245 7000000.00 SH SOLE 7000000.00
ATHENA NEUROSCIENCES INC 4.75% 15 Nov 2004 046854AB1 4850 4000000.00 SH SOLE 4000000.00
LORAL SPACE + COMMUNICATI PFD CONV SER C 6PCT G56462149 4750 100000.00 SH SOLE 100000.00
UNION PACCAP TR TERM INCOME DEFERRABLE EQUITY 907824403 4339 87000.00 SH SOLE 87000.00
BELL ATLANTIC FINL SVCS I 4.25% 15 Sep 2005 07785GAC4 16388 15000000.00 SH SOLE 15000000.00
INTERMEDIA COMMUNICATIONS INC RESTRICTED DIVD SHS 458801966 0 9730.43 SH SOLE 9730.43
CYMER INC 1% 06 Aug 2004 232572AC1 2460 3000000.00 SH SOLE 3000000.00
MONSANTO CO ADJ CONVERSION RATE EQUITY 611662305 1860 40000.00 SH SOLE 40000.00
GENESCO INC 5.5% 15 Apr 2005 371532AL6 1688 2250000.00 SH SOLE 2250000.00
ELAN FIN CORP LTD 0% 14 Dec 2018 284129AA1 5750 10000000.00 SH SOLE 10000000.00
SOLECTRONCORP 0.01% 27 Jan 2019 834182AG2 9500 20000000.00 SH SOLE 20000000.00
ADVANCED MICRO DEVICES IN 6% 15 May 2005 007903AC1 3594 5000000.00 SH SOLE 5000000.00
AMAZON COM INC 4.75% 01 Feb 2009 023135AD8 6350 5000000.00 SH SOLE 5000000.00
SEPRACOR INC 7% 15 Dec 2005 817315AF1 4670 4000000.00 SH SOLE 4000000.00
CHANCELLOR MEDIA CORP PFD CONV 7PCT 158915306 5285 40000.00 SH SOLE 40000.00
MAGNA INTL INC 4.875% 15 Feb 2005 559222AG9 3011 3000000.00 SH SOLE 3000000.00
CITRIX SYS INC 0.01% 01 Jul 2029 177376AA8 3650 10000000.00 SH SOLE 10000000.00
DOUBLECLICK INC 6.06% 15 Mar 2006 258609AA4 3761 3000000.00 SH SOLE 3000000.00
AT HOME CORP 0.524% 28 Dec 2018 045919AA5 1092 1000000.00 SH SOLE 1000000.00
EMC CORP 3.25% 15 Mar 2002 26865YAA2 5670 1000000.00 SH SOLE 1000000.00
CABLE DESIGN TECHNOLOGIES COM 126924109 2035 185000.00 SH SOLE 185000.00
CASH AMERINTL INC COM 14754D100 5202 404000.00 SH SOLE 404000.00
CHAMPION ENTERPRISES INC COM 158496109 4361 225100.00 SH SOLE 225100.00
CIBER INC COM 17163B102 8032 418600.00 SH SOLE 418600.00
COMPUTER TASK GROUP INC COM 205477102 6526 305300.00 SH SOLE 305300.00
COMVERSE TECHNOLOGY INC COM NEW 205862402 16391 192840.00 SH SOLE 192840.00
COMPUTER HORIZONS CORP COM 205908106 8689 794450.00 SH SOLE 794450.00
CREDENCE SYSTEMS CORP COM 225302108 9152 426900.00 SH SOLE 426900.00
CYGNUS INC COM 232560102 901 120100.00 SH SOLE 120100.00
DIGI INTLINC COM 253798102 296 43900.00 SH SOLE 43900.00
DIGITAL MICROWAVE CORP COM 253859102 4296 513000.00 SH SOLE 513000.00
EAGLE HARDWARE AND GARDEN 26959B101 15275 400000.00 SH SOLE 400000.00
ELECTROGLAS INC COM 285324109 2570 199600.00 SH SOLE 199600.00
ENCAD INC COM 292503109 672 125000.00 SH SOLE 125000.00
ENCORE WIRE CORP 292562105 1961 249000.00 SH SOLE 249000.00
EXPRESS SCRIPTS INC CL A 302182100 14317 166600.00 SH SOLE 166600.00
FAIR ISSAC + CO INC 303250104 1223 33000.00 SH SOLE 33000.00
FRITZ COMP INC COM 358846103 377 54900.00 SH SOLE 54900.00
GILEAD SCIENCES INC COM 375558103 10533 231500.00 SH SOLE 231500.00
HENRY JACK + ASSOC INC 426281101 3859 105000.00 SH SOLE 105000.00
HOLOGIC INC 436440101 1463 161400.00 SH SOLE 161400.00
IMPERIAL BANCORP COM 452556103 3764 219780.00 SH SOLE 219780.00
INACOM CORP COM 45323G109 1098 141700.00 SH SOLE 141700.00
INCYTE PHARMACUTICALS INC COM 45337C102 2143 106800.00 SH SOLE 106800.00
INTEGRATED PROCESS EQUIP CORP COM 45812K108 1988 220900.00 SH SOLE 220900.00
INTER TELINC COM 458372109 2208 141900.00 SH SOLE 141900.00
INTERMET CORP COM 45881K104 1538 115000.00 SH SOLE 115000.00
INTERNEURON PHARMACEUTICA 460573108 901 313500.00 SH SOLE 313500.00
INTERSTATE BAKERIES CORP DEL NEW COM 46072H108 3234 150000.00 SH SOLE 150000.00
IOMEGA CORP 462030107 7703 1503000.00 SH SOLE 1503000.00
JABIL CIRCUIT INC COM 466313103 9258 228600.00 SH SOLE 228600.00
JACOR COMMUNICATIONS INC COM FORMERLY CL A 469858401 1178 15500.00 SH SOLE 15500.00
JONES INTERCABLE INC CL A 480206200 2059 52200.00 SH SOLE 52200.00
KEANE INC COM 486665102 5064 237600.00 SH SOLE 237600.00
KENT ELECTRS CORP COM 490553104 1231 123900.00 SH SOLE 123900.00
LATTICE SEMICONDUCTOR COR 518415104 7062 155000.00 SH SOLE 155000.00
LITTELFUSE INC COM 537008104 1838 100000.00 SH SOLE 100000.00
MRV COMMUNICATIONS INC COM 553477100 2396 397300.00 SH SOLE 397300.00
MARINE DRILLING COS INC COM PAR 0.01 568240204 5485 498600.00 SH SOLE 498600.00
MASTEC INC COM 576323109 5794 251900.00 SH SOLE 251900.00
MICROAGE INC COM 594928103 968 180000.00 SH SOLE 180000.00
MICRON ELECTRONICS INC COM 595100108 5029 428000.00 SH SOLE 428000.00
NEOPROBE CORP COM 640518106 106 103000.00 SH SOLE 103000.00
NETWORK EQUIP TECHNOLOGIES COM 641208103 324 36200.00 SH SOLE 36200.00
NORTH FORK BANCORPORATION COM 659424105 2262 107100.00 SH SOLE 107100.00
PARKER DRILLING CO COM 701081101 3150 884200.00 SH SOLE 884200.00
PAXAR CORP COM 704227107 3326 447250.00 SH SOLE 447250.00
PHYSICIANS COMPUTER NETWO COM 71940K109 469 937750.00 SH SOLE 937750.00
PLATINUM SOFTWARE CORP COM 72764R105 1254 170000.00 SH SOLE 170000.00
PRE PAID LEGAL SVCS INC COM 740065107 4393 179300.00 SH SOLE 179300.00
PRIDE INTL INC COM 741932107 866 105000.00 SH SOLE 105000.00
QLOGIC CORP COM 747277101 10015 149200.00 SH SOLE 149200.00
RATIONAL SOFTWARE CORP COM NEW 75409P202 19439 725000.00 SH SOLE 725000.00
REGENERONPHARMACEUTICALS COM 75886F107 2364 356900.00 SH SOLE 356900.00
CENTURYBUSINESS SVCS INC COM 156490104 2188 200000.00 SH SOLE 200000.00
AUTONATION INC DEL COM 05329W102 18459 1491600.00 SH SOLE 1491600.00
REXALL SUNDOWN INC COM 761648104 5958 310500.00 SH SOLE 310500.00
ROBOTIC VISION SYS INC COM 771074101 1199 518505.00 SH SOLE 518505.00
SCI SYS INC COM 783890106 364 12300.00 SH SOLE 12300.00
SEPRACOR INC COM 817315104 21170 188600.00 SH SOLE 188600.00
PMC SIERRA INC COM 69344F106 9404 132100.00 SH SOLE 132100.00
STRUCTURAL DYNAMICS RESH CORP COM RTS CALLABLE THRU 10AUG98 863555108 7446 390600.00 SH SOLE 390600.00
SYLVAN LEARNING SYS INC COM 871399101 6159 225000.00 SH SOLE 225000.00
SYNETIC INC 87160F109 693 12400.00 SH SOLE 12400.00
SYSTEMS +COMPUTER TECHNO COM 871873105 1000 100000.00 SH SOLE 100000.00
TECHNOLOGY SOLUTIONS CO COM 87872T108 3408 478350.00 SH SOLE 478350.00
TETRA TECH INC NEW COM 88162G103 3354 159250.00 SH SOLE 159250.00
TEXAS REGL BANCSHARES INC CL A VTG 882673106 4169 154400.00 SH SOLE 154400.00
THERMO CARDIOSYSTEMS INC COM NONREDEEMABLE 88355K200 1174 146800.00 SH SOLE 146800.00
UNIPHASE CORP COM 909149106 24533 213100.00 SH SOLE 213100.00
AMR CORP DEL COM 001765106 47746 815300.00 SH SOLE 815300.00
ALBERTO CULVER CO CL B CONV 013068101 7882 337200.00 SH SOLE 337200.00
URBAN OUTFITTERS INC COM 917047102 844 60000.00 SH SOLE 60000.00
ALLERGAN INC COM 018490102 31644 360100.00 SH SOLE 360100.00
AMP INC COM 031897101 46964 874771.00 SH SOLE 874771.00
ANDREW CORP COM 034425108 7265 590062.00 SH SOLE 590062.00
ASHLAND INC COM 044204105 19040 465100.00 SH SOLE 465100.00
VOLT INFORMATION SCIENCES COM 928703107 1968 119700.00 SH SOLE 119700.00
AUTOMATIC DATA PROCESSING INC COM 053015103 118932 2874500.00 SH SOLE 2874500.00
AVERY DENNISON CORP COM 053611109 17549 305200.00 SH SOLE 305200.00
WESTWOOD ONE INC COM 961815107 1570 55100.00 SH SOLE 55100.00
BECTON DICKINSON + CO COM 075887109 46780 1221000.00 SH SOLE 1221000.00
BEMIS INC COM RTS CALLABLE THRU 22AUG99 081437105 9511 306200.00 SH SOLE 306200.00
ZEBRA TECHNOLOGIES CORP CL A 989207105 11562 486800.00 SH SOLE 486800.00
ZOLTEK COMPANIES INC 98975W104 3236 431420.00 SH SOLE 431420.00
BROWNING FERRIS INDS INC COM 115885105 34267 888600.00 SH SOLE 888600.00
CAMPBELL SOUP CO COM 134429109 77957 1916000.00 SH SOLE 1916000.00
CENTEX CORP COM 152312104 9138 273800.00 SH SOLE 273800.00
CENTRAL +SOUTH WEST CORP COM 152357109 25284 1078800.00 SH SOLE 1078800.00
CNF TRANSN INC COM 12612W104 12251 324000.00 SH SOLE 324000.00
DANA CORP COM 235811106 29915 787227.00 SH SOLE 787227.00
DELTA AIRLINES INC DE COM 247361108 39587 569600.00 SH SOLE 569600.00
FLEMING COS INC COM 339130106 1802 210426.00 SH SOLE 210426.00
HARCOURT GEN INC COM 41163G101 19521 440535.00 SH SOLE 440535.00
RELIANT ENERGY INC COM 75952J108 29989 1150641.00 SH SOLE 1150641.00
INTERNATIONAL BUSINESS MACHS COM 459200101 708982 3999900.00 SH SOLE 3999900.00
INTERNATIONAL PAPER CO COM 460146103 38246 906567.00 SH SOLE 906567.00
KAUFMAN +BROAD HOME CORP COM 486168107 8847 392100.00 SH SOLE 392100.00
LOCKHEED MARTIN CORP COM 539830109 56506 1499336.00 SH SOLE 1499336.00
OGDEN CORP COM 676346109 6598 274200.00 SH SOLE 274200.00
PECO ENERGY CO COM 693304107 49573 1071850.00 SH SOLE 1071850.00
PACCAR INC COM 693718108 19155 465060.00 SH SOLE 465060.00
PALL CORP COM 696429307 10063 607600.00 SH SOLE 607600.00
PEP BOYS MANNY MOE + JACK COM 713278109 4616 302685.00 SH SOLE 302685.00
RYDER SYS INC COM 783549108 13191 477500.00 SH SOLE 477500.00
EDISON INTL COM 281020107 35616 1600700.00 SH SOLE 1600700.00
SPX CORP COM 784635104 8438 167289.00 SH SOLE 167289.00
INTEGRATED DEVICE TECHNOLOGY COM RTS CALLABLE THRU 20DEC98 458118106 2913 538800.00 SH SOLE 538800.00
TEXTRON INC COM 883203101 55184 713200.00 SH SOLE 713200.00
UNISYS CORP COM 909214108 30797 1112300.00 SH SOLE 1112300.00
BAKER HUGHES INC COM 057224107 25203 1036634.00 SH SOLE 1036634.00
OMNICOM GROUP COM 681919106 43750 547300.00 SH SOLE 547300.00
ATMEL CORP COM 049513104 5325 350600.00 SH SOLE 350600.00
INTUIT COM 461202103 22049 216700.00 SH SOLE 216700.00
UNOCAL CORP COM 915289102 43662 1186067.00 SH SOLE 1186067.00
CONSOLIDATED STORES CORP COM 210149100 20578 678874.00 SH SOLE 678874.00
PARKER HANNIFIN CORP COM 701094104 12477 364300.00 SH SOLE 364300.00
GUIDANT CORP COM 401698105 91428 1511208.00 SH SOLE 1511208.00
WASHINGTON MUT INC COM 939322103 81682 1998331.00 SH SOLE 1998331.00
APRIA HEALTHCARE GROUP IN COM 037933108 4248 357740.00 SH SOLE 357740.00
DAVE + BUSTERS INC COM 23833N104 1151 56160.00 SH SOLE 56160.00
FREEPORT MCMORAN COPPER + CL B 35671D857 9835 904334.00 SH SOLE 904334.00
GREENPOINT FINL CORP COM 395384100 4615 132800.00 SH SOLE 132800.00
CASE CORP COM 14743R103 7968 314000.00 SH SOLE 314000.00
HNC SOFTWARE INC COM 40425P107 11099 338900.00 SH SOLE 338900.00
LEGATO SYSTEMS INC COM 524651106 13257 256800.00 SH SOLE 256800.00
AIRGAS INC COM 009363102 4392 524400.00 SH SOLE 524400.00
JONES APPAREL GROUP INC COM 480074103 10220 365800.00 SH SOLE 365800.00
LEAR CORP COM 521865105 4269 100000.00 SH SOLE 100000.00
LONE STARSTEAKHOUSE + SA COM 542307103 3075 300000.00 SH SOLE 300000.00
SUNGARD DATA SYS INC COM 867363103 17656 441400.00 SH SOLE 441400.00
GENERAL COMMUNICATION INC 369385109 2281 500000.00 SH SOLE 500000.00
RESOURCE BANCSHARES MTG G 761197102 677 52600.00 SH SOLE 52600.00
BUDGET GROUP INC CL A 119003101 1744 142400.00 SH SOLE 142400.00
ROYAL CARIBBEAN CRUISES LTD SHS V7780T103 5285 135500.00 SH SOLE 135500.00
COOPER CAMERON CORP COM 216640102 3388 100000.00 SH SOLE 100000.00
CMG INFORMATION SVCS INC COM 125750109 10068 55000.00 SH SOLE 55000.00
ALTERA CORP 021441100 20254 340400.00 SH SOLE 340400.00
ANADIGICSINC COM 032515108 881 50000.00 SH SOLE 50000.00
UNITED ASSET MGMT CORP COM 909420101 8441 373100.00 SH SOLE 373100.00
MOLEX INC COM 608554101 4088 139175.00 SH SOLE 139175.00
HEALTHSOUTH CORP COM 421924101 5928 571400.00 SH SOLE 571400.00
MAXIM INTEGRATED PRODS IN COM 57772K101 34976 646200.00 SH SOLE 646200.00
NOVELLUS SYS INC COM 670008101 6069 110100.00 SH SOLE 110100.00
NORRELL CORP GA COM 656301108 2195 168000.00 SH SOLE 168000.00
LAM RESH CORP COM 512807108 2610 90000.00 SH SOLE 90000.00
ORTHODONTIC CTRS AMER INC COM 68750P103 4649 295200.00 SH SOLE 295200.00
U S OFFICE PRODS CO COM 912325107 0 1.00 SH SOLE 1.00
TRANSOCEAN OFFSHORE INC COM 893817106 3746 130000.00 SH SOLE 130000.00
HARBINGERCORP COM 41145C103 920 136250.00 SH SOLE 136250.00
U S TR CORP NEW COM 91288L105 20179 272000.00 SH SOLE 272000.00
CONTINENTAL AIRLS INC COM CL B 210795308 6984 183800.00 SH SOLE 183800.00
ANCHOR GAMING COM 033037102 6178 141200.00 SH SOLE 141200.00
U S FOODSERVICE COM 90331R101 3536 76046.00 SH SOLE 76046.00
WINSTAR COMMUNICATIONS IN COM 975515107 2726 75000.00 SH SOLE 75000.00
GEOWORKS COM 373692102 907 287300.00 SH SOLE 287300.00
ARCADIA FINL LTD COM 039101100 479 100800.00 SH SOLE 100800.00
VIVUS COM 928551100 1000 250000.00 SH SOLE 250000.00
MARTEK BIOSCIENCES CORP COM 572901106 2097 372800.00 SH SOLE 372800.00
SANGSTAT MED CORP COM 801003104 1184 95700.00 SH SOLE 95700.00
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EG + G INC COM 268457108 9685 367200.00 SH SOLE 367200.00
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VANTIVE CORP COM 922091103 3744 310400.00 SH SOLE 310400.00
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GT INTERACTIVE SOFTWARE C COM 36236E109 1243 268800.00 SH SOLE 268800.00
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YAHOO INC COM 984332106 109797 652100.00 SH SOLE 652100.00
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ALLSTATE CORP COM 020002101 130940 3532938.00 SH SOLE 3532938.00
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AT HOME CORP COM SER A 045919107 56417 358200.00 SH SOLE 358200.00
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HOME DEPOT INC COM 437076102 425872 6841310.00 SH SOLE 6841310.00
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MERCK + CO INC COM 589331107 812043 10126800.00 SH SOLE 10126800.00
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LAKES GAMING INC COM 51206P109 998 121875.00 SH SOLE 121875.00
PRISON REALTY CORP COM 74264N105 9765 560000.00 SH SOLE 560000.00
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DEERE + CO COM 244199105 23183 600200.00 SH SOLE 600200.00
FORD MTR CO DEL COM 345370100 276475 4871800.00 SH SOLE 4871800.00
MBNA CORP COM 55262L100 94501 3958145.00 SH SOLE 3958145.00
MCKESSON HBOC INC COM 58155Q103 72918 1104820.00 SH SOLE 1104820.00
MAY DEPT STORES CO COM 577778103 70874 1811481.00 SH SOLE 1811481.00
MARKETWATCH COM INC COM 570619106 74 1000.00 SH SOLE 1000.00
MOMENTUM BUSINESS APPLICA CL A 60877P108 153 17088.00 SH SOLE 17088.00
MONSANTO CO COM 611662107 117311 2553700.00 SH SOLE 2553700.00
NVIDIA CORP COM 67066G104 2032 96200.00 SH SOLE 96200.00
TIME WARNER INC COM 887315109 389779 5485022.00 SH SOLE 5485022.00
UNION CARBIDE CORP COM 905581104 26263 581200.00 SH SOLE 581200.00
WAL MART STORES INC COM 931142103 881709 9564300.00 SH SOLE 9564300.00
ENTERCOM COMMUNICATIONS CORP COM 293639100 88 2500.00 SH SOLE 2500.00
PEROT SYSCORP CDT CL A 714265105 128 5000.00 SH SOLE 5000.00
DELPHI AUTOMOTIVE SYS COR COM 247126105 355 20000.00 SH SOLE 20000.00
KORN / FERRY INTL COM NEW 500643200 131 10000.00 SH SOLE 10000.00
HEALTHEON CORP COM 422209106 17 400.00 SH SOLE 400.00
SERENA SOFTWARE INC COM 817492101 280 20000.00 SH SOLE 20000.00
DIGITAL RIV INC COM 25388B104 4212 105300.00 SH SOLE 105300.00
RYERSON TULL INC NEW COM 78375P107 3225 219600.00 SH SOLE 219600.00
FRUIT OF THE LOOM LTD SHS A G3682L105 3373 325100.00 SH SOLE 325100.00
AT+T CORP COM LIBERTY MEDIA GRP CL A 001957208 118295 2247877.00 SH SOLE 2247877.00
FLASHNET COMMUNICATIONS INC COM 338527104 411 10000.00 SH SOLE 10000.00
MULTEX SYS INC COM 625367107 938 15000.00 SH SOLE 15000.00
CDNOW N2K INC COM 125086108 3788 224500.00 SH SOLE 224500.00
PULITZER INC COM 745769109 4104 101500.00 SH SOLE 101500.00
IVILLAGE INC COM 46588H105 251 2500.00 SH SOLE 2500.00
MININGCO COM INC COM 60366T108 358 4000.00 SH SOLE 4000.00
NEWELL RUBBERMAID INC COM 651229106 66250 1394733.42 SH SOLE 1394733.42
CRITICAL PATH INC COM 22674V100 308 4000.00 SH SOLE 4000.00
PRICELINE COM INC COM 741503106 83 1000.00 SH SOLE 1000.00
ZIFF DAVIS INC COM ZDNET 989511209 180 5000.00 SH SOLE 5000.00
AMERICAN MGMT SYS INC COM 027352103 10785 316055.00 SH SOLE 316055.00
AMERISOURCE HEALTH CORP CL A 03071P102 10256 300000.00 SH SOLE 300000.00
BORDERS GROUP INC COM 099709107 5480 389700.00 SH SOLE 389700.00
CADENCE DESIGN SYS INC COM 127387108 19141 743350.00 SH SOLE 743350.00
CANANDAIGUA WINE INC CL A 137219200 10171 201900.00 SH SOLE 201900.00
CHRONIMEDINC 171164106 2251 377200.00 SH SOLE 377200.00
CIDCO INC COM 171768104 714 161000.00 SH SOLE 161000.00
CLARCOR INC 179895107 3248 190350.00 SH SOLE 190350.00
CYPRESS SEMICONDUCTOR CORP COM 232806109 8903 989200.00 SH SOLE 989200.00
DURA PHARMACEUTICALS INC COM 26632S109 6644 470400.00 SH SOLE 470400.00
ELECTRO SCIENTIFIC INDS I COM 285229100 1860 40000.00 SH SOLE 40000.00
FILENET CORP 316869106 1364 194800.00 SH SOLE 194800.00
FISERV INC 337738108 18967 353700.00 SH SOLE 353700.00
HUBBELL INC CLB 443510201 21339 533470.00 SH SOLE 533470.00
I STAT CORP COM 450312103 1245 134600.00 SH SOLE 134600.00
INTEGRATED HEALTH SVCS IN COM 45812C106 1041 189327.00 SH SOLE 189327.00
MERCURY GEN CORP NEW COM 589400100 10783 309200.00 SH SOLE 309200.00
MID ATLANTIC MED SVCS INC 59523C107 1409 140900.00 SH SOLE 140900.00
MISSISSIPPI CHEM CORP COM NEW 605288208 2318 247262.00 SH SOLE 247262.00
MOLTEN METAL TECH INC 608712105 2 99500.00 SH SOLE 99500.00
NOVEN PHARMACEUTICALS INC 670009109 3526 762400.00 SH SOLE 762400.00
OAK TECHNOLOGY COM 671802106 2916 952300.00 SH SOLE 952300.00
OFFICE MAX INC COM 67622M108 4827 559625.00 SH SOLE 559625.00
PXRE CORPORATION COM 693674103 3838 213200.00 SH SOLE 213200.00
PERRIGO CO 714290103 6479 893700.00 SH SOLE 893700.00
PLANTRONICS INC NEW COM 727493108 3716 59400.00 SH SOLE 59400.00
PROGRESS SOFTWARE CORP COM 743312100 9198 269550.00 SH SOLE 269550.00
SEITEL INC COM NEW 816074306 3256 233600.00 SH SOLE 233600.00
STEWART ENTERPRISES INC CL A 860370105 14456 900000.00 SH SOLE 900000.00
SUN HEALTHCARE GROUP INC COM 866933104 273 273200.00 SH SOLE 273200.00
TETRA TECHNOLOGIES INC DE COM 88162F105 456 67500.00 SH SOLE 67500.00
SUMMIT BANCORP COM 866005101 27379 702029.00 SH SOLE 702029.00
ULTRATECHSTEPPER INC COM 904034105 3586 253900.00 SH SOLE 253900.00
U S FILTER CORP COM NEW 911843209 9982 325928.00 SH SOLE 325928.00
WARNACO GROUP INC COM CL A 934390105 6803 275556.00 SH SOLE 275556.00
WHOLE FOODS MKT INC COM 966837106 2922 85000.00 SH SOLE 85000.00
ADOBE SYSINC COM 00724F101 26501 466972.00 SH SOLE 466972.00
CATO CORP NEW CL A 149205106 3475 373200.00 SH SOLE 373200.00
ROPER INDS COM 776696106 14311 599400.00 SH SOLE 599400.00
TRIGEN ENERGY CORP COM 895930105 1835 134100.00 SH SOLE 134100.00
AFLAC INC COM 001055102 80076 1470974.00 SH SOLE 1470974.00
AGCO CORP COM 001084102 2859 435600.00 SH SOLE 435600.00
ADVANTA CORP CL A COM 007942105 2077 187788.00 SH SOLE 187788.00
ALBEMARLE CORP COM 012653101 1290 61600.00 SH SOLE 61600.00
WLR FOODSINC COM 929286102 2796 379077.00 SH SOLE 379077.00
ALLEGHENYENERGY INC COM 017361106 17868 605700.00 SH SOLE 605700.00
ALLTEL CORP COM 020039103 86061 1379740.00 SH SOLE 1379740.00
AMCOL INTL CORP COM 02341W103 4042 404205.00 SH SOLE 404205.00
AMERADA HESS CORP COM NPV 023551104 31732 630700.00 SH SOLE 630700.00
AMERICAN BUSINESS PRODS INC GA COM 024763104 1264 90305.00 SH SOLE 90305.00
AMERICAN NATL INS CO COM 028591105 15013 224500.00 SH SOLE 224500.00
AMSOUTH BANCORPORATION COM 032165102 44626 980787.00 SH SOLE 980787.00
ANADARKO PETE CORP COM 032511107 25723 681400.00 SH SOLE 681400.00
ALLIED SIGNAL INC COM 019512102 117391 2386600.00 SH SOLE 2386600.00
ANGELICA CORP COM 034663104 1571 112200.00 SH SOLE 112200.00
K2 INC COM 482732104 1630 206982.00 SH SOLE 206982.00
APPLIED PWR INC COM CLASS A 038225108 6075 222937.00 SH SOLE 222937.00
APTARGROUP INC COM 038336103 5200 200000.00 SH SOLE 200000.00
ARCHER DANIELS MIDLAND CO COM 039483102 43608 2969027.00 SH SOLE 2969027.00
ARMSTRONG WORLD INDS INC COM 042476101 6218 137600.00 SH SOLE 137600.00
ASARCO INC COM 043413103 3432 249600.00 SH SOLE 249600.00
ALCOA INC COM 013817101 50475 1225498.00 SH SOLE 1225498.00
AVIALL INC NEW 05366B102 1704 109950.00 SH SOLE 109950.00
AVNET INC COM 053807103 11614 317100.00 SH SOLE 317100.00
BALDOR ELEC CO COM 057741100 4943 245606.00 SH SOLE 245606.00
PACIFIC CENTY FINL CORP COM 694058108 21645 1036872.00 SH SOLE 1036872.00
POPULAR INC COM 733174106 21713 703252.00 SH SOLE 703252.00
BAUSCH + LOMB INC COM 071707103 26481 407400.00 SH SOLE 407400.00
AMERICAN STD COS INC DEL COM 029712106 11251 327300.00 SH SOLE 327300.00
BERGEN BRUNSWIG CORP CLASS A 083739102 13001 650060.00 SH SOLE 650060.00
BLANCH E W HLDGS INC 093210102 11240 214100.00 SH SOLE 214100.00
BLOCK DRUG INC CL A 093644102 7970 194388.00 SH SOLE 194388.00
BLOCK H +R INC COM 093671105 18449 389424.00 SH SOLE 389424.00
BOB EVANS FARMS INC COM 096761101 4920 246022.00 SH SOLE 246022.00
BOWATER INC COM 102183100 8854 223441.00 SH SOLE 223441.00
APPLIED MATERIALS INC COM 038222105 96856 1570100.00 SH SOLE 1570100.00
BOWNE + CO INC COM 103043105 3445 294800.00 SH SOLE 294800.00
BRIGGS + STRATTON CORP COM 109043109 8590 174200.00 SH SOLE 174200.00
BRUNSWICKCORP COM 117043109 14312 750800.00 SH SOLE 750800.00
BRUSH WELLMAN INC COM 117421107 3948 272300.00 SH SOLE 272300.00
BURLINGTON RES INC COM 122014103 37810 946723.00 SH SOLE 946723.00
CML GROUPINC COM 125820100 3 287600.00 SH SOLE 287600.00
CPI CORP COM 125902106 5160 230600.00 SH SOLE 230600.00
CSX CORP COM 126408103 34394 883306.00 SH SOLE 883306.00
BANK NEW YORK INC COM 064057102 115926 3225760.00 SH SOLE 3225760.00
CABOT CORP COM 127055101 10971 516300.00 SH SOLE 516300.00
CABOT OIL+ GAS CORP CL A 127097103 5537 383543.00 SH SOLE 383543.00
CALLAWAY GOLF CO COM 131193104 6600 647900.00 SH SOLE 647900.00
CARLISLE COS INC COM 142339100 18347 392452.00 SH SOLE 392452.00
CARTER WALLACE INC. COM 146285101 9217 508500.00 SH SOLE 508500.00
CENTURA BKS INC 15640T100 13360 229600.00 SH SOLE 229600.00
CHAMPION INTL CORP COM 158525105 22367 544700.00 SH SOLE 544700.00
CHURCH + DWIGHT INC COM 171340102 8244 202300.00 SH SOLE 202300.00
CINCINNATI FINL CORP COM 172062101 28987 795518.00 SH SOLE 795518.00
MILACRON INC COM 598709103 11662 740430.00 SH SOLE 740430.00
COASTAL CORP COM 190441105 36571 1108200.00 SH SOLE 1108200.00
COCA COLABOTTLING CO CON COM 191098102 2443 44215.00 SH SOLE 44215.00
COLLAGEN AESTHETICS INC COM 194194106 1161 86400.00 SH SOLE 86400.00
COMCAST CORP CL A 200300101 43505 707400.00 SH SOLE 707400.00
COMPASS BANCSHARES INC COM 20449H109 11271 326700.00 SH SOLE 326700.00
BIOMET INC COM 090613100 27922 665800.00 SH SOLE 665800.00
COMSAT CORP COM SER 1 20564D107 5793 200200.00 SH SOLE 200200.00
CONSECO INC COM STK 208464107 49780 1612311.60 SH SOLE 1612311.60
CONSOLIDATED EDISON INC COM 209115104 49595 1094500.00 SH SOLE 1094500.00
COORS ADOLPH CO CLASS B COM 217016104 11918 220700.00 SH SOLE 220700.00
CBRL GROUP INC COM 12489V106 6105 339150.00 SH SOLE 339150.00
CRANE CO COM 224399105 10291 425475.00 SH SOLE 425475.00
CULLEN FROST BANKERS INC COM 229899109 11754 245200.00 SH SOLE 245200.00
CUMMINS ENGINE INC COM 231021106 6316 177600.00 SH SOLE 177600.00
DQE COM STK 23329J104 14640 381500.00 SH SOLE 381500.00
DPL INC COM 233293109 12634 765712.00 SH SOLE 765712.00
BOEING CO COM 097023105 155079 4544430.00 SH SOLE 4544430.00
DEAN FOODS CO COM 242361103 11966 335875.00 SH SOLE 335875.00
DEVON ENERGY CORP 251799102 2475 89800.00 SH SOLE 89800.00
DEXTER CORP COM 252165105 10129 321540.00 SH SOLE 321540.00
DIMON INC COM 254394109 1301 341150.00 SH SOLE 341150.00
DOLE FOODINC COM 256605106 11927 400900.00 SH SOLE 400900.00
DOLLAR GEN CORP 256669102 28951 851488.00 SH SOLE 851488.00
DOVER CORP COM 260003108 37658 1145500.00 SH SOLE 1145500.00
DOW JONES+ CO INC COM 260561105 19616 415700.00 SH SOLE 415700.00
DOW JONES+ CO INC CL B CONV 260561204 4841 103000.00 SH SOLE 103000.00
BOSTON SCIENTIFIC CORP COM 101137107 74128 1827502.00 SH SOLE 1827502.00
DUKE ENERGY CO COM STK NPV 264399106 83957 1536964.00 SH SOLE 1536964.00
EASTERN ENTERPRISES COM 27637F100 5351 147100.00 SH SOLE 147100.00
ECHO BAY MINES LTD COM 278751102 1248 739600.00 SH SOLE 739600.00
EL PASO ENERGY CORP DEL COM 283905107 24247 741790.00 SH SOLE 741790.00
EQUIFAX INC COM 294429105 30432 885300.00 SH SOLE 885300.00
EQUITABLECOMPANIES INC COM 29444G107 47999 685700.00 SH SOLE 685700.00
EQUITABLERES INC COM 294549100 4494 172450.00 SH SOLE 172450.00
EXIDE CORP COM 302051107 3393 305000.00 SH SOLE 305000.00
FAB INDS COM 302747100 1590 105100.00 SH SOLE 105100.00
FEDERAL MOGUL CORP COM 313549107 5001 116300.00 SH SOLE 116300.00
FIRST AMERN CORP TENN COM 318900107 15038 407800.00 SH SOLE 407800.00
M + T BK CORP COM 55261F104 28069 58600.00 SH SOLE 58600.00
BANCWEST CORP NEW COM 059790105 9235 217300.00 SH SOLE 217300.00
FIRST TENN NATL CORP COM 337162101 51865 1416100.00 SH SOLE 1416100.00
FLORIDA EAST COAST IND IN COM 340632108 1497 50000.00 SH SOLE 50000.00
FLORIDA ROCK INDS INC COM 341140101 7037 206200.00 SH SOLE 206200.00
FOREMOST CORP AMER COM 345469100 15480 769200.00 SH SOLE 769200.00
FOSTER WHEELER CORP COM 350244109 2586 213300.00 SH SOLE 213300.00
CARNIVAL CORP COM 143658102 131886 2715800.00 SH SOLE 2715800.00
G + K SERVICES CL A 361268105 10464 226550.00 SH SOLE 226550.00
GATX COM 361448103 13023 395400.00 SH SOLE 395400.00
GENCORP INC COM 368682100 10652 591800.00 SH SOLE 591800.00
GEON CO COM 37246W105 4297 188900.00 SH SOLE 188900.00
GENUINE PARTS CO COM 372460105 25764 894200.00 SH SOLE 894200.00
GEORGIA GULF CORP COM 373200203 4982 445300.00 SH SOLE 445300.00
GEORGIA PAC CORP COM 373298108 27948 376400.00 SH SOLE 376400.00
COMPUTER ASSOC INTL INC COM 204912109 81483 2291275.00 SH SOLE 2291275.00
GERBER SCIENTIFIC INC COM 373730100 8068 399675.00 SH SOLE 399675.00
HANNAFORD BROS CO COM 410550107 18934 416700.00 SH SOLE 416700.00
HARLAND JOHN H CO COM 412693103 5153 398300.00 SH SOLE 398300.00
HARMAN INTL INDS INC NEW COM 413086109 5385 146525.00 SH SOLE 146525.00
HARRIS CORP DEL COM 413875105 13797 482000.00 SH SOLE 482000.00
HAWAIIAN ELEC INDS INC COM 419870100 6020 171700.00 SH SOLE 171700.00
HELMERICHAND PAYNE INC COM 423452101 5182 228400.00 SH SOLE 228400.00
DIEBOLD INC COM 253651103 8961 373357.00 SH SOLE 373357.00
HERSHEY FOODS CORP COM 427866108 37408 668000.00 SH SOLE 668000.00
HILTON HOTELS CORP COM 432848109 13143 934600.00 SH SOLE 934600.00
HUNTINGTON BANCSHARES INC COM 446150104 31834 1028968.00 SH SOLE 1028968.00
IBP INC COM STK 449223106 4433 238000.00 SH SOLE 238000.00
INGERSOLL RAND CO COM 456866102 13560 273250.00 SH SOLE 273250.00
E M C CORP MASS COM 268648102 272516 2133200.00 SH SOLE 2133200.00
IVAX CORP 465823102 14076 1191648.00 SH SOLE 1191648.00
JOSTENS INC COM 481088102 1280 60249.00 SH SOLE 60249.00
K N ENERGY INC COM 482620101 5407 271200.00 SH SOLE 271200.00
KANSAS CITY PWR + LT CO COM 485134100 4844 196700.00 SH SOLE 196700.00
KANSAS CITY SOUTHN INDS INC COM 485170104 23370 410000.00 SH SOLE 410000.00
KELLWOOD CO COM 488044108 11640 527600.00 SH SOLE 527600.00
KELLY SVCS INC CL A 488152208 12257 441687.00 SH SOLE 441687.00
KERR MCGEE CORP COM 492386107 17797 542375.00 SH SOLE 542375.00
KEYCORP NEW COM 493267108 81862 2700598.00 SH SOLE 2700598.00
EMERSON ELEC CO COM 291011104 98924 1868700.00 SH SOLE 1868700.00
LA Z BOY INC COM 505336107 5700 300000.00 SH SOLE 300000.00
LACLEDE GAS CO COM RTS CALLABLE THRU 01MAY96 505588103 4698 224400.00 SH SOLE 224400.00
LEE ENTERPRISES INC COM 523768109 8329 287200.00 SH SOLE 287200.00
LEGGETT + PLATT INC COM 524660107 19502 975100.00 SH SOLE 975100.00
LIBBEY INC COM 529898108 7970 257100.00 SH SOLE 257100.00
LILLY INDL INC CL A 532491107 814 52700.00 SH SOLE 52700.00
LONGS DRUG STORES CORP COM 543162101 4608 151400.00 SH SOLE 151400.00
MDU RES GROUP INC COM 552690109 8144 356025.00 SH SOLE 356025.00
MACNEAL SCHWENDLER CORP COM 554806109 2884 480700.00 SH SOLE 480700.00
MANITOWOC INC COM 563571108 8715 208125.00 SH SOLE 208125.00
MARK IV INDS INC COM 570387100 4536 347287.00 SH SOLE 347287.00
MARSHALL + ILSLEY CORP COM 571834100 5583 100700.00 SH SOLE 100700.00
MAYTAG CORP COM 578592107 29004 480400.00 SH SOLE 480400.00
MCCLATCHYCO CL A 579489105 6171 183875.00 SH SOLE 183875.00
MCDERMOTTINTL INC COM 580037109 7872 311000.00 SH SOLE 311000.00
MEDIA GENINC CL A 584404107 13253 285000.00 SH SOLE 285000.00
MERCANTILE BANCORPORATION COM 587342106 29508 621220.00 SH SOLE 621220.00
MEREDITH CORP COM 589433101 12713 404400.00 SH SOLE 404400.00
HERCULES INC COM 427056106 15966 632300.00 SH SOLE 632300.00
MILLER HERMAN INC COM 600544100 16816 921400.00 SH SOLE 921400.00
MODINE MFG CO 607828100 8220 292900.00 SH SOLE 292900.00
NCH CORP COM 628850109 3073 64350.00 SH SOLE 64350.00
NATIONAL COMPUTER SYS INC COM 635519101 8325 339800.00 SH SOLE 339800.00
NATIONAL DATA CORP COM 635621105 23415 557500.00 SH SOLE 557500.00
NEW ENGLAND ELEC SYS COM 644001109 11558 238300.00 SH SOLE 238300.00
NEWMONT MNG CORP COM 651639106 15467 883833.50 SH SOLE 883833.50
NIAGARA MOHAWK HLDGS INC COM 653520106 3537 263200.00 SH SOLE 263200.00
NORDSON CORP COM NTS CALLABLE THRU 9/9/98 655663102 11178 200500.00 SH SOLE 200500.00
NORTHEASTUTILS COM 664397106 3279 236350.00 SH SOLE 236350.00
NORTHERN TRUST CORP COM 665859104 24530 276200.00 SH SOLE 276200.00
NORTHROP GRUMMAN CORP COM 666807102 21093 352289.00 SH SOLE 352289.00
OHIO CAS CORP COM 677240103 8962 229800.00 SH SOLE 229800.00
OLD KENT FINL CORP COM 679833103 32407 767020.00 SH SOLE 767020.00
INTERNATIONAL FLAVOURS COM 459506101 10934 291100.00 SH SOLE 291100.00
OLSTEN CORP COM 681385100 7310 1181381.00 SH SOLE 1181381.00
OWENS + MINOR INC NEW COM 690732102 3245 320468.00 SH SOLE 320468.00
P P + L RES INC COM 693499105 14971 604900.00 SH SOLE 604900.00
PERKIN ELMER CORP COM 714041100 20978 216130.00 SH SOLE 216130.00
PHILLIPS PETE CO COM 718507106 55585 1176399.00 SH SOLE 1176399.00
JOHNSON + JOHNSON COM 478160104 535912 5720210.00 SH SOLE 5720210.00
PILGRIMS PRIDE CORP COM 721467108 5546 337400.00 SH SOLE 337400.00
PINNACLE WEST CAP CORP COM 723484101 13342 366800.00 SH SOLE 366800.00
POGO PRODUCING CO COM 730448107 5993 461000.00 SH SOLE 461000.00
POLAROID CORP COM 731095105 6029 300500.00 SH SOLE 300500.00
POTLATCH CORP COM 737628107 5925 174600.00 SH SOLE 174600.00
POTOMAC ELEC PWR CO COM 737679100 13968 602400.00 SH SOLE 602400.00
PRECISION CASTPARTS CORP COM RTS CALLABLE THRU 16DEC98 740189105 15361 381650.00 SH SOLE 381650.00
PROTECTIVE LIFE CORP COM 743674103 27649 730000.00 SH SOLE 730000.00
KLA TENCOR CORP COM 482480100 18967 390568.00 SH SOLE 390568.00
PUBLIC SVC CO N C INC COM 744516105 3686 129900.00 SH SOLE 129900.00
QUANEX CORP COM 747620102 8 500.00 SH SOLE 500.00
QUESTAR CORP COM 748356102 5840 344800.00 SH SOLE 344800.00
RAYMOND JAMES FINANCIAL I COM 754730109 4937 249975.00 SH SOLE 249975.00
REEBOK INTL LTD COM 758110100 9492 597900.00 SH SOLE 597900.00
REGIONS FINL CORP COM 758940100 13802 398600.00 SH SOLE 398600.00
REINSURANCE GROUP AMER IN COM 759351109 16038 376800.00 SH SOLE 376800.00
RELIANCE GROUP HLDGS INC COM 759464100 7310 966600.00 SH SOLE 966600.00
KING WORLD PRODTNS INC COM 495667107 17415 569800.00 SH SOLE 569800.00
RELIANCE STL + ALUM CO COM 759509102 3155 109500.00 SH SOLE 109500.00
REPUBLIC GROUP INC COM 760473108 3274 217360.00 SH SOLE 217360.00
REPUBLIC NY CORP COM 760719104 34476 747450.00 SH SOLE 747450.00
REYNOLDS + REYNOLDS CO CL A 761695105 12350 650000.00 SH SOLE 650000.00
REYNOLDS METALS CO COM 761763101 17436 360900.00 SH SOLE 360900.00
ROLLINS INC COM 775711104 9124 542700.00 SH SOLE 542700.00
ROLLINS TRUCK LEASING COR COM 775741101 3185 337500.00 SH SOLE 337500.00
LSI LOGIC CORP COM 502161102 24202 776000.00 SH SOLE 776000.00
ROUSE CO COM 779273101 89 4000.00 SH SOLE 4000.00
RUDDICK CORP COM 781258108 3461 177500.00 SH SOLE 177500.00
RUSS BERRIE + CO INC COM 782233100 9719 372000.00 SH SOLE 372000.00
SCANA CORP COM 805898103 10805 498200.00 SH SOLE 498200.00
MANPOWER INC WIS COM 56418H100 12412 531000.00 SH SOLE 531000.00
SCIENTIFIC ATLANTA INC COM 808655104 11418 419000.00 SH SOLE 419000.00
SELECTIVEINS GROUP INC COM 816300107 10022 568600.00 SH SOLE 568600.00
SIGMA ALDRICH COM 826552101 20172 689640.00 SH SOLE 689640.00
SIMPSON INDS INC COM 829060102 2791 290000.00 SH SOLE 290000.00
SMUCKER JM CO CL A 832696108 1185 53100.00 SH SOLE 53100.00
SNYDER OIL CORP COM 833482102 1053 71100.00 SH SOLE 71100.00
SONAT INC COM 835415100 19827 660900.00 SH SOLE 660900.00
MEDTRONIC INC COM 585055106 174766 2435762.00 SH SOLE 2435762.00
SONOCO PRODS CO COM 835495102 13237 575536.00 SH SOLE 575536.00
SOTHEBYS HLDGS INC CL A 835898107 15207 469700.00 SH SOLE 469700.00
SOUTHTRUST CORP COM 844730101 39909 1069583.00 SH SOLE 1069583.00
SOUTHWESTAIRLS CO COM 844741108 55240 1826125.00 SH SOLE 1826125.00
SPRINGS INDS INC COM 851783100 2850 105300.00 SH SOLE 105300.00
STANDARD MTR PRODS INC CL A 853666105 2696 130300.00 SH SOLE 130300.00
STANDARD REGISTER COM 853887107 15592 525200.00 SH SOLE 525200.00
ENESCO GROUP INC COM 292973104 1488 82400.00 SH SOLE 82400.00
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RUSSELL CORP COM 782352108 4886 242800.00 SH SOLE 242800.00
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SCIOS INC COM 808905103 4500 496600.00 SH SOLE 496600.00
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SERVICE MASTER COMPANY COM 81760N109 10996 541334.00 SH SOLE 541334.00
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BOEING CO COM 097023105 1751 51301.00 SH SOLE 51301.00
DOLLAR GEN CORP 256669102 330 9707.00 SH SOLE 9707.00
DOVER CORP COM 260003108 397 12063.00 SH SOLE 12063.00
DOW JONES+ CO INC COM 260561105 234 4965.00 SH SOLE 4965.00
BOSTON SCIENTIFIC CORP COM 101137107 850 20958.00 SH SOLE 20958.00
DUKE ENERGY CO COM STK NPV 264399106 1061 19428.00 SH SOLE 19428.00
EASTERN ENTERPRISES COM 27637F100 40 1107.00 SH SOLE 1107.00
EQUIFAX INC COM 294429105 274 7981.00 SH SOLE 7981.00
FOSTER WHEELER CORP COM 350244109 26 2139.00 SH SOLE 2139.00
CARNIVAL CORP COM 143658102 1593 32800.00 SH SOLE 32800.00
GENUINE PARTS CO COM 372460105 280 9728.00 SH SOLE 9728.00
GEORGIA PAC CORP COM 373298108 369 4963.00 SH SOLE 4963.00
COMPUTER ASSOC INTL INC COM 204912109 1049 29494.00 SH SOLE 29494.00
HARRIS CORP DEL COM 413875105 127 4427.00 SH SOLE 4427.00
HELMERICHAND PAYNE INC COM 423452101 60 2661.00 SH SOLE 2661.00
HERSHEY FOODS CORP COM 427866108 434 7757.00 SH SOLE 7757.00
HILTON HOTELS CORP COM 432848109 188 13391.00 SH SOLE 13391.00
HUNTINGTON BANCSHARES INC COM 446150104 354 11454.00 SH SOLE 11454.00
INGERSOLLRAND CO COM 456866102 445 8969.00 SH SOLE 8969.00
E M C CORP MASS COM 268648102 3447 26981.00 SH SOLE 26981.00
JOSTENS INC COM 481088102 43 2015.00 SH SOLE 2015.00
KERR MCGEE CORP COM 492386107 152 4630.00 SH SOLE 4630.00
KEYCORP NEW COM 493267108 725 23923.00 SH SOLE 23923.00
EMERSON ELEC CO COM 291011104 1266 23909.00 SH SOLE 23909.00
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MAYTAG CORP COM 578592107 302 4999.00 SH SOLE 4999.00
MCDERMOTTINTL INC COM 580037109 81 3186.00 SH SOLE 3186.00
MERCANTILE BANCORPORATION COM 587342106 390 8205.00 SH SOLE 8205.00
MEREDITH CORP COM 589433101 93 2943.00 SH SOLE 2943.00
HERCULES INC COM 427056106 131 5186.00 SH SOLE 5186.00
NACCO INDS INC CL A 629579103 25 338.00 SH SOLE 338.00
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NIAGARA MOHAWK HLDGS INC COM 653520106 135 10071.00 SH SOLE 10071.00
NORTHERN TRUST CORP COM 665859104 529 5956.00 SH SOLE 5956.00
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INTERNATIONAL FLAVOURS COM 459506101 219 5840.00 SH SOLE 5840.00
P P + L RES INC COM 693499105 220 8871.00 SH SOLE 8871.00
PERKIN ELMER CORP COM 714041100 255 2632.00 SH SOLE 2632.00
PHILLIPS PETE CO COM 718507106 661 13984.00 SH SOLE 13984.00
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POLAROID CORP COM 731095105 48 2382.00 SH SOLE 2382.00
POTLATCH CORP COM 737628107 53 1548.00 SH SOLE 1548.00
KLA TENCOR CORP COM 482480100 227 4673.00 SH SOLE 4673.00
REEBOK INTL LTD COM 758110100 49 3073.00 SH SOLE 3073.00
REGIONS FINL CORP COM 758940100 390 11274.00 SH SOLE 11274.00
KING WORLD PRODTNS INC COM 495667107 123 4034.00 SH SOLE 4034.00
REPUBLIC NY CORP COM 760719104 270 5854.00 SH SOLE 5854.00
REYNOLDS METALS CO COM 761763101 188 3881.00 SH SOLE 3881.00
LSI LOGICCORP COM 502161102 239 7674.00 SH SOLE 7674.00
SCIENTIFIC ATLANTA INC COM 808655104 116 4273.00 SH SOLE 4273.00
SIGMA ALDRICH COM 826552101 158 5409.00 SH SOLE 5409.00
SONAT INC COM 835415100 176 5869.00 SH SOLE 5869.00
MEDTRONICINC COM 585055106 2233 31122.00 SH SOLE 31122.00
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SPRINGS INDS INC COM 851783100 27 990.00 SH SOLE 990.00
STANLEY WORKS COM 854616109 122 4750.00 SH SOLE 4750.00
MICRON TECHNOLOGY INC COM 595112103 645 13364.00 SH SOLE 13364.00
SLM HLDG CORP COM 78442A109 381 9127.00 SH SOLE 9127.00
SUNTRUST BKS INC COM 867914103 1061 17042.00 SH SOLE 17042.00
MIRAGE RESORTS INC COM 60462E104 207 9763.00 SH SOLE 9763.00
TEMPLE INLAND INC COM 879868107 189 3014.00 SH SOLE 3014.00
TIMES MIRROR CO NEW COM SER A 887364107 259 4785.00 SH SOLE 4785.00
TRIBUNE CO NEW COM 896047107 432 6609.00 SH SOLE 6609.00
AEROQUIP VICKERS INC COM 007869100 87 1526.00 SH SOLE 1526.00
USX U S STL GROUP 90337T101 110 4678.00 SH SOLE 4678.00
NIKE INC CL B 654106103 892 15463.00 SH SOLE 15463.00
PEOPLESOFT INC COM 712713106 180 12326.00 SH SOLE 12326.00
PRAXAIR INC COM 74005P104 307 8519.00 SH SOLE 8519.00
CBS CORP COM 12490K107 1585 38706.00 SH SOLE 38706.00
WILLAMETTE INDS INC COM 969133107 226 5983.00 SH SOLE 5983.00
WILLIAMS COS INC COM 969457100 902 22835.00 SH SOLE 22835.00
WORTHINGTON INDS IN COM 981811102 60 5142.00 SH SOLE 5142.00
PROCTER +GAMBLE CO COM 742718109 7005 71523.00 SH SOLE 71523.00
RITE AID CORP COM 767754104 348 13933.00 SH SOLE 13933.00
AES CORP COM 00130H105 337 9054.00 SH SOLE 9054.00
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SILICON GRAPHICS INC COM 827056102 169 10138.00 SH SOLE 10138.00
AUTODESK INCORPORATED COM STK NPV 052769106 103 2550.00 SH SOLE 2550.00
3COM CORP COM 885535104 448 19204.00 SH SOLE 19204.00
BMC SOFTWARE INC COM 055921100 421 11350.00 SH SOLE 11350.00
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BATTLE MTN GOLD CO COM 071593107 34 12432.00 SH SOLE 12432.00
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BOISE CASCADE CORP COM 097383103 99 3080.00 SH SOLE 3080.00
AT + T CORP COM 001957109 9048 113364.00 SH SOLE 113364.00
ALBERTSONS INC COM 013104104 718 13214.00 SH SOLE 13214.00
CAPITAL ONE FINL CORP COM 14040H105 530 3508.00 SH SOLE 3508.00
CAROLINA PWR + LT CO COM 144141108 306 8104.00 SH SOLE 8104.00
AMERICAN GREETINGS CORP CL A 026375105 97 3840.00 SH SOLE 3840.00
CERIDIAN CORP COM 15677T106 286 7828.00 SH SOLE 7828.00
ANHEUSER BUSCH COS INC COM 035229103 2000 26251.00 SH SOLE 26251.00
APPLE COMPUTER COM NPV 037833100 255 7093.00 SH SOLE 7093.00
CINERGY CORP COM 172474108 232 8447.00 SH SOLE 8447.00
CLEAR CHANNEL COMMUNICATI COM 184502102 936 13954.00 SH SOLE 13954.00
AVON PRODS INC COM 054303102 671 14263.00 SH SOLE 14263.00
COLUMBIA ENERGY GROUP COM 197648108 235 4502.00 SH SOLE 4502.00
COUNTRYWIDE CR INDS INC COM 222372104 220 5871.00 SH SOLE 5871.00
CYPRUS AMAX MINERALS CO COM 232809103 61 5027.00 SH SOLE 5027.00
COCA COLACO COM 191216100 8184 133346.00 SH SOLE 133346.00
DANAHER CORP COM 235851102 393 7521.00 SH SOLE 7521.00
DATA GEN CORP COM 237688106 27 2618.00 SH SOLE 2618.00
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COLGATE PALMOLIVE CO COM 194162103 1475 16034.00 SH SOLE 16034.00
DILLARDS INC CL A 254067101 148 5822.00 SH SOLE 5822.00
DAYTON HUDSON CORP COM 239753106 1580 23711.00 SH SOLE 23711.00
ECOLAB INC COM 278865100 245 6900.00 SH SOLE 6900.00
EATON CORP COM 278058102 276 3855.00 SH SOLE 3855.00
FMC CORP COM NEW 302491303 96 1941.00 SH SOLE 1941.00
FIFTH THIRD BANCORP COM STK 316773100 946 14340.00 SH SOLE 14340.00
FLEETWOODENTERPRISES INC COM 339099103 58 2013.00 SH SOLE 2013.00
FLUOR CORP COM 343861100 122 4510.00 SH SOLE 4510.00
FRANKLIN RES INC COM 354613101 385 13685.00 SH SOLE 13685.00
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FRONTIER CORP COM 35906P105 484 9329.00 SH SOLE 9329.00
GANNETT INC COM 364730101 957 15184.00 SH SOLE 15184.00
GATEWAY 2000 INC COM 367833100 566 8250.00 SH SOLE 8250.00
GENERAL DYNAMICS CORP COM 369550108 436 6782.00 SH SOLE 6782.00
GAP INC COM 364760108 2083 30945.00 SH SOLE 30945.00
GREAT ATLANTIC + PAC TEA COM 390064103 63 2110.00 SH SOLE 2110.00
MALLINCKRODT INC NEW COM 561232109 103 3874.00 SH SOLE 3874.00
HOMESTAKEMNG CO COM 437614100 101 11728.00 SH SOLE 11728.00
NORDSTROMINC COM 655664100 335 8186.00 SH SOLE 8186.00
PNC BK CORP COM 693475105 901 16207.00 SH SOLE 16207.00
PPG INDS INC COM 693506107 491 9585.00 SH SOLE 9585.00
SBC COMMUNICATIONS INC COM 78387G103 4974 105548.00 SH SOLE 105548.00
SYSCO CORP COM 871829107 477 18124.00 SH SOLE 18124.00
MILLIPORECORP COM 601073109 57 2352.00 SH SOLE 2352.00
TRW INC COM 872649108 302 6641.00 SH SOLE 6641.00
TENET HEALTHCARE CORP COM 88033G100 316 16712.00 SH SOLE 16712.00
WALGREEN CO COM 931422109 1515 53644.00 SH SOLE 53644.00
NAVISTAR INTL CORP INC COM 63934E108 150 3736.00 SH SOLE 3736.00
WARNER LAMBERT CO COM 934488107 2927 44228.00 SH SOLE 44228.00
NORTHERN STS PWR CO MN COM 665772109 187 8059.00 SH SOLE 8059.00
NOVELL INC COM 670006105 480 19043.00 SH SOLE 19043.00
ABBOTT LABS COM NPV 002824100 3836 81934.00 SH SOLE 81934.00
AMERICAN GEN CORP COM 026351106 963 13662.00 SH SOLE 13662.00
OWENS CORNING COM 69073F103 94 2950.00 SH SOLE 2950.00
PAYCHEX INC COM 704326107 418 8814.00 SH SOLE 8814.00
AMERICAN HOME PRODUCTS CO COM 026609107 4628 70928.00 SH SOLE 70928.00
PEOPLES ENERGY CORP COM 711030106 64 1983.00 SH SOLE 1983.00
PIONEER HI BRED INTL INC COM 723686101 497 13200.00 SH SOLE 13200.00
COSTCO COS INC COM 22160Q102 1066 11646.00 SH SOLE 11646.00
HARRAHS ENTMT INC COM 413619107 107 5601.00 SH SOLE 5601.00
CHEVRON CORP COM 166751107 3119 35271.00 SH SOLE 35271.00
DARDEN RESTAURANTS INC COM 237194105 159 7687.00 SH SOLE 7687.00
ROWAN COSINC COM 779382100 60 4703.00 SH SOLE 4703.00
RUSSELL CORP COM 782352108 40 2006.00 SH SOLE 2006.00
DU PONT EI DE NEMOURS + COM 263534109 3535 60889.00 SH SOLE 60889.00
SAFEWAY INC COM NEW 786514208 1346 26231.00 SH SOLE 26231.00
ST JUDE MED INC COM 790849103 111 4549.00 SH SOLE 4549.00
EASTMAN KODAK CO COM 277461109 1116 17466.00 SH SOLE 17466.00
SCHWAB CHARLES CORP NEW COM STK 808513105 2082 21656.00 SH SOLE 21656.00
EXXON CORP COM 302290101 9254 131152.00 SH SOLE 131152.00
SHARED MEDI CAL SYSTEM COM 819486101 81 1454.00 SH SOLE 1454.00
SOLECTRONCORP COM 834182107 626 12900.00 SH SOLE 12900.00
GENERAL MLS INC COM 370334104 636 8417.00 SH SOLE 8417.00
HEINZ H JCO COM 423074103 932 19663.00 SH SOLE 19663.00
KIMBERLY CLARK CORP COM 494368103 1434 29904.00 SH SOLE 29904.00
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MCGRAW HILL COS INC COM 580645109 593 10884.00 SH SOLE 10884.00
SYNOVUS FINL CORP COM 87161C105 291 14261.00 SH SOLE 14261.00
MINNESOTAMNG + MFG CO COM 604059105 1542 21797.00 SH SOLE 21797.00
TANDY CORP COM 875382103 349 5467.00 SH SOLE 5467.00
TEKTRONIXINC COM 879131100 68 2701.00 SH SOLE 2701.00
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MOBIL CORP COM 607059102 3706 42116.00 SH SOLE 42116.00
UNUM CORP COM 903192102 357 7497.00 SH SOLE 7497.00
US AIRWAYS GROUP INC COM 911905107 256 5241.00 SH SOLE 5241.00
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ROHM + HAAS CO COM 775371107 326 9710.00 SH SOLE 9710.00
WRIGLEY WM JR CO COM 982526105 577 6378.00 SH SOLE 6378.00
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U S WEST INC NEW COM 91273H101 1493 27112.00 SH SOLE 27112.00
BARRICK GOLD CORP COM 067901108 343 20110.00 SH SOLE 20110.00
CORNING INC COM 219350105 753 12555.00 SH SOLE 12555.00
TORCHMARKINC COM 891027104 241 7629.00 SH SOLE 7629.00
IKON OFFICE SOLUTIONS INC COM 451713101 95 7377.00 SH SOLE 7377.00
BROWN FORMAN CORP CLASS B 115637209 215 3736.00 SH SOLE 3736.00
AMERICAN INTL GROUP INC COM 026874107 8043 66677.00 SH SOLE 66677.00
AMGEN INC COM 031162100 2065 27580.00 SH SOLE 27580.00
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BRISTOL MYERS SQUIBB CO COM 110122108 6913 107496.00 SH SOLE 107496.00
BESTFOODS COM 08658U101 730 15524.00 SH SOLE 15524.00
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WINN DIXIE STORES INC COM 974280109 299 7991.00 SH SOLE 7991.00
COOPER TIRE + RUBR CO COM 216831107 80 4348.00 SH SOLE 4348.00
CROWN CORK + SEAL INC COM 228255105 191 6702.00 SH SOLE 6702.00
FIRST DATA CORP COM 319963104 1031 24123.00 SH SOLE 24123.00
ILLINOIS TOOL WKS INC COM 452308109 839 13554.00 SH SOLE 13554.00
INTERPUBLIC GROUP COS INC COM 460690100 580 7446.00 SH SOLE 7446.00
LIZ CLAIBORNE INC COM 539320101 112 3445.00 SH SOLE 3445.00
LOUISIANAPAC CORP COM 546347105 109 5863.00 SH SOLE 5863.00
MASCO CORP COM 574599106 515 18241.00 SH SOLE 18241.00
NEXTEL COMMUNICATIONS INC CL A 65332V103 550 15010.00 SH SOLE 15010.00
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SCHLUMBERGER LTD COM 806857108 1762 29279.00 SH SOLE 29279.00
SPRINT CORP COM 852061100 2337 23817.00 SH SOLE 23817.00
FORTUNE BRANDS INC COM 349631101 363 9386.00 SH SOLE 9386.00
ATLANTIC RICHFIELD CO COM 048825103 1265 17322.00 SH SOLE 17322.00
BALTIMOREGAS + ELEC CO COM STK 059165100 202 7971.00 SH SOLE 7971.00
BAXTER INTL INC COM 071813109 1005 15225.00 SH SOLE 15225.00
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CLOROX CO COM 189054109 762 6501.00 SH SOLE 6501.00
CONSOLIDATED NAT GAS CO COM 209615103 252 5173.00 SH SOLE 5173.00
COOPER INDS INC COM 216669101 236 5539.00 SH SOLE 5539.00
DOMINION RES INC VA COM 257470104 385 10411.00 SH SOLE 10411.00
FLEET FINL GROUP INC COM 338915101 1150 30570.00 SH SOLE 30570.00
GTE CORP COM 362320103 3146 52007.00 SH SOLE 52007.00
GOODRICH B F CO COM 382388106 136 3949.00 SH SOLE 3949.00
JEFFERSONPILOT CORP COM 475070108 387 5709.00 SH SOLE 5709.00
K MART CORP COM 482584109 445 26446.00 SH SOLE 26446.00
LILLY ELI+ CO COM 532457108 5066 59682.00 SH SOLE 59682.00
LINCOLN NATL CORP IN COM 534187109 536 5425.00 SH SOLE 5425.00
MARSH + MCLENNAN COS INC COM 571748102 1031 13896.00 SH SOLE 13896.00
CVS CORP COM 126650100 991 20862.00 SH SOLE 20862.00
MORGAN J P + CO INC COM 616880100 1181 9571.00 SH SOLE 9571.00
NATIONAL CITY CORP COM 635405103 1179 17766.00 SH SOLE 17766.00
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NICOR INC COM 654086107 92 2567.00 SH SOLE 2567.00
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PENNEY J C INC COM 708160106 551 13615.00 SH SOLE 13615.00
PUBLIC SVC ENTERPRISE GRO COM 744573106 480 12561.00 SH SOLE 12561.00
SAFECO CORP COM 786429100 310 7674.00 SH SOLE 7674.00
ST PAUL COS INC COM 792860108 392 12624.00 SH SOLE 12624.00
TEXACO INC COM 881694103 1657 29191.00 SH SOLE 29191.00
TEXAS UTILS CO COM 882848104 629 15081.00 SH SOLE 15081.00
THOMAS + BETTS CORP COM 884315102 114 3032.00 SH SOLE 3032.00
WACHOVIA CORP NEW 929771103 911 11224.00 SH SOLE 11224.00
WEYERHAEUSER CO COM 962166104 599 10797.00 SH SOLE 10797.00
FPL GROUPINC COM 302571104 525 9858.00 SH SOLE 9858.00
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ALBERTO CULVER CO CL B CONV 013068101 30 1283.00 SH SOLE 1283.00
ALCAN ALUM LTD COM 013716105 130 5031.00 SH SOLE 5031.00
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AMP INC COM 031897101 248 4618.00 SH SOLE 4618.00
ANDREW CORP COM 034425108 23 1908.00 SH SOLE 1908.00
ASHLAND INC COM 044204105 68 1668.00 SH SOLE 1668.00
AUTOMATIC DATA PROCESSING INC COM 053015103 545 13178.00 SH SOLE 13178.00
AVERY DENNISON CORP COM 053611109 150 2615.00 SH SOLE 2615.00
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BEMIS INC COM RTS CALLABLE THRU 22AUG99 081437105 38 1213.00 SH SOLE 1213.00
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CAMPBELL SOUP CO COM 134429109 405 9966.00 SH SOLE 9966.00
CENTEX CORP COM 152312104 44 1307.00 SH SOLE 1307.00
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PLACER DOME INC COM 725906101 61 5453.00 SH SOLE 5453.00
DANA CORP COM 235811106 137 3601.00 SH SOLE 3601.00
DELTA AIRLINES INC DE COM 247361108 233 3352.00 SH SOLE 3352.00
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LOCKHEED MARTIN CORP COM 539830109 322 8556.00 SH SOLE 8556.00
PECO ENERGY CO COM 693304107 224 4845.00 SH SOLE 4845.00
PACCAR INC COM 693718108 69 1672.00 SH SOLE 1672.00
PALL CORP COM 696429307 46 2750.00 SH SOLE 2750.00
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RYDER SYS INC COM 783549108 44 1579.00 SH SOLE 1579.00
EDISON INTL COM 281020107 176 7916.00 SH SOLE 7916.00
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OMNICOM GROUP COM 681919106 302 3776.00 SH SOLE 3776.00
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INCO LTD COM 453258402 49 3686.00 SH SOLE 3686.00
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GUIDANT CORP COM 401698105 403 6666.00 SH SOLE 6666.00
WASHINGTON MUT INC COM 939322103 530 12965.00 SH SOLE 12965.00
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CASE CORP COM 14743R103 43 1683.00 SH SOLE 1683.00
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UNION PACIFIC RES GROUP I COM 907834105 66 5521.00 SH SOLE 5521.00
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CHUBB CORP COM 171232101 213 3637.00 SH SOLE 3637.00
DE LUXE CORP COM 248019101 52 1776.00 SH SOLE 1776.00
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GRAINGER W W INC COM 384802104 91 2114.00 SH SOLE 2114.00
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NALCO CHEM CO COM 629853102 39 1456.00 SH SOLE 1456.00
PITNEY BOWES INC COM 724479100 381 5975.00 SH SOLE 5975.00
SHERWIN WILLIAMS CO COM 824348106 107 3790.00 SH SOLE 3790.00
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V F CORP COM 918204108 127 2681.00 SH SOLE 2681.00
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EG + G INC COM 268457108 27 1031.00 SH SOLE 1031.00
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CONAGRA INC COM 205887102 271 10606.00 SH SOLE 10606.00
ENTERGY CORP COM 29364G103 148 5399.00 SH SOLE 5399.00
GPU INC COM 36225X100 103 2757.00 SH SOLE 2757.00
GOODYEAR TIRE AND RUBBER COM 382550101 171 3430.00 SH SOLE 3430.00
ITT INDS INC COM 450911102 93 2618.00 SH SOLE 2618.00
LIMITED INC COM 532716107 197 4967.00 SH SOLE 4967.00
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RJR NABISCO HLDGS CORP COM NEW 74960K876 169 6749.00 SH SOLE 6749.00
DTE ENERGY CO COM 233331107 123 3212.00 SH SOLE 3212.00
USX MARATHON GROUP COM NEW 902905827 176 6392.00 SH SOLE 6392.00
AIR PRODS+ CHEMS INC COM 009158106 177 5158.00 SH SOLE 5158.00
EASTMAN CHEM CO COM 277432100 73 1739.00 SH SOLE 1739.00
HONEYWELL INC COM 438506107 213 2812.00 SH SOLE 2812.00
HOUSEHOLDINTL INC COM 441815107 490 10743.00 SH SOLE 10743.00
LOEWS CORP COM 540424108 185 2476.00 SH SOLE 2476.00
PHELPS DODGE CORP COM 717265102 64 1292.00 SH SOLE 1292.00
SEARS ROEBUCK + CO COM 812387108 388 8588.00 SH SOLE 8588.00
TRANSAMERICA CORP COM 893485102 190 2680.00 SH SOLE 2680.00
AUTOZONE INC COM 053332102 102 3356.00 SH SOLE 3356.00
CABLETRONSYSTEMS INC COM STK 126920107 28 3461.00 SH SOLE 3461.00
CARDINAL HEALTH INC COM 14149Y108 409 6203.00 SH SOLE 6203.00
COMPUTER SCIENCES CORP COM 205363104 191 3466.00 SH SOLE 3466.00
ENRON CORP COM 293561106 464 7216.00 SH SOLE 7216.00
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HUMANA INC COM 444859102 63 3661.00 SH SOLE 3661.00
KOHLS CORP COM 500255104 260 3662.00 SH SOLE 3662.00
LOWES COSINC USD0.50 548661107 463 7660.00 SH SOLE 7660.00
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BB+T CORP COM 054937107 226 6259.00 SH SOLE 6259.00
CHASE MANHATTAN CORP NEW COM 16161A108 1519 18679.00 SH SOLE 18679.00
LUCENT TECHNOLOGIES INC COM 549463107 3103 28802.00 SH SOLE 28802.00
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TOYS R USINC COM 892335100 115 6106.00 SH SOLE 6106.00
ASSOCIATES FIRST CAP CORP CL A 046008108 705 15670.00 SH SOLE 15670.00
COMPUWARE CORP COM 205638109 191 8000.00 SH SOLE 8000.00
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US BANCORP DEL COM 902973106 554 16273.00 SH SOLE 16273.00
COMCAST CORP CL A SPL 200300200 509 8093.00 SH SOLE 8093.00
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ENGELHARDCORP COM 292845104 54 3179.00 SH SOLE 3179.00
MATTEL INC COM 577081102 161 6477.00 SH SOLE 6477.00
PEPSICO INC COM 713448108 1279 32627.00 SH SOLE 32627.00
AETNA INC COM 008117103 264 3185.00 SH SOLE 3185.00
AMERICAN EXPRESS CO COM 025816109 1184 10074.00 SH SOLE 10074.00
ALLEGHENYTELDYNE INC COM 017415100 82 4356.00 SH SOLE 4356.00
AMERICAN STORES CO NEW COM 030096101 197 5979.00 SH SOLE 5979.00
COCA COLA ENTERPRISES INC COM STK 191219104 260 8583.00 SH SOLE 8583.00
HASBRO INC COM 418056107 125 4321.00 SH SOLE 4321.00
KNIGHT RIDDER INC COM 499040103 86 1716.00 SH SOLE 1716.00
MELLON BK CORP COM 585509102 404 5744.00 SH SOLE 5744.00
QUAKER OATS CO COM 747402105 187 2997.00 SH SOLE 2997.00
RALSTON PURINA CO COM RALSTON PURINA GROUP 751277302 184 6895.00 SH SOLE 6895.00
SEAGRAM LTD COM 811850106 418 8356.00 SH SOLE 8356.00
LEHMAN BROTHERS HLDGS INC COM 524908100 154 2570.00 SH SOLE 2570.00
ROCKWELL INTL CORP NEW COM 773903109 183 4321.00 SH SOLE 4321.00
SNAP ON INC COM 833034101 37 1284.00 SH SOLE 1284.00
TENNECO INC NEW COM 88037E101 103 3694.00 SH SOLE 3694.00
PG+E CORP COM 69331C108 260 8374.00 SH SOLE 8374.00
AMERICAN ELEC PWR INC COM 025537101 166 4174.00 SH SOLE 4174.00
APACHE CORP COM 037411105 56 2153.00 SH SOLE 2153.00
MORTON INTL INC IND NEW COM 619335102 104 2839.00 SH SOLE 2839.00
JOHNSON CTLS INC COM 478366107 118 1891.00 SH SOLE 1891.00
MBIA INC COM 55262C100 126 2180.00 SH SOLE 2180.00
WENDYS INTL INC COM 950590109 80 2824.00 SH SOLE 2824.00
PROVIDIANFINL CORP COM 74406A102 340 3087.00 SH SOLE 3087.00
ALLSTATE CORP COM 020002101 681 18364.00 SH SOLE 18364.00
AON CORP COM 037389103 235 3722.00 SH SOLE 3722.00
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BARD C R INC COM 067383109 64 1271.00 SH SOLE 1271.00
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CIGNA CORP COM 125509109 391 4667.00 SH SOLE 4667.00
COMERICA INC COM 200340107 215 3439.00 SH SOLE 3439.00
HARNISCHFEGER INDS INC COM 413345109 6 1087.00 SH SOLE 1087.00
TYCO INTL LTD NEW COM 902124106 1010 14076.00 SH SOLE 14076.00
GENERAL INSTR CORP DEL COM 370120107 100 3292.00 SH SOLE 3292.00
ASCEND COMMUNICATIONS INC COM 043491109 396 4731.00 SH SOLE 4731.00
LAIDLAW INC COM 50730K503 42 7251.00 SH SOLE 7251.00
OCCIDENTAL PETE CORP COM 674599105 144 7992.00 SH SOLE 7992.00
NEW CENTYENERGIES INC COM 64352U103 89 2600.00 SH SOLE 2600.00
RAYCHEM CORP COM 754603108 41 1824.00 SH SOLE 1824.00
TJX COS INC NEW COM 872540109 238 6996.00 SH SOLE 6996.00
TIMKEN CO COM 887389104 22 1351.00 SH SOLE 1351.00
ALZA CORP COM 022615108 73 1911.00 SH SOLE 1911.00
FORT JAMES CORP COM 347471104 152 4787.00 SH SOLE 4787.00
FEDERATEDDEPT STORES INC COM 31410H101 185 4602.00 SH SOLE 4602.00
KROGER CO COM 501044101 338 5652.00 SH SOLE 5652.00
NATIONAL SEMICONDUCTOR CO COM 637640103 34 3603.00 SH SOLE 3603.00
OWENS ILL INC COM NEW 690768403 84 3378.00 SH SOLE 3378.00
SEAGATE TECHNOLOGY COM 811804103 158 5349.00 SH SOLE 5349.00
STATE STREET CORPORATION COM 857477103 287 3491.00 SH SOLE 3491.00
MEYER FRED INC DEL NEW COM 592907109 197 3350.00 SH SOLE 3350.00
TRICON GLOBAL RESTAURANTS COM 895953107 232 3298.00 SH SOLE 3298.00
FIRSTENERGY CORP COM 337932107 141 5032.00 SH SOLE 5032.00
HCR MANOR CARE INC COM 404134108 50 2193.00 SH SOLE 2193.00
ONEOK INCNEW COM 682680103 17 692.00 SH SOLE 692.00
NORTHERN TELECOM LTD COM 665815106 890 14322.00 SH SOLE 14322.00
RAYTHEON CO CL B 755111408 436 7436.00 SH SOLE 7436.00
CENDANT CORP COM 151313103 294 18687.00 SH SOLE 18687.00
AMEREN CORP COM 023608102 110 3026.00 SH SOLE 3026.00
FDX CORP COM 31304N107 296 3186.00 SH SOLE 3186.00
WADDELL +REED FINL INC CL A 930059100 0 1.00 SH SOLE 1.00
PARAMETRIC TECHNOLOGY COR 699173100 118 5979.00 SH SOLE 5979.00
MARRIOTT INTL INC NEW CL A 571903202 186 5537.00 SH SOLE 5537.00
GRACE W R+ CO DEL NEW COM 38388F108 20 1664.00 SH SOLE 1664.00
SEALED AIR CORP NEW COM 81211K100 92 1863.00 SH SOLE 1863.00
STAPLES INC COM 855030102 313 9508.00 SH SOLE 9508.00
TELLABS INC COM 879664100 399 4077.00 SH SOLE 4077.00
MEDIAONE GROUP INC COM 58440J104 848 13352.00 SH SOLE 13352.00
SEMPRA ENERGY COM 816851109 101 5244.00 SH SOLE 5244.00
IMS HEALTH INC COM 449934108 234 7076.00 SH SOLE 7076.00
DUN + BRADSTREET CORP DEL COM 26483B106 135 3784.00 SH SOLE 3784.00
AIRTOUCH COMMUNICATIONS INC COM 00949T100 1218 12604.00 SH SOLE 12604.00
CATERPILLAR INC COM 149123101 367 7998.00 SH SOLE 7998.00
CISCO SYS INC COM 17275R102 3784 34539.00 SH SOLE 34539.00
WASTE MGMT INC DEL COM 94106L109 576 12974.00 SH SOLE 12974.00
COLUMBIA / HCA HEALTHCARE COM 197677107 267 14100.00 SH SOLE 14100.00
COMPAQ COMPUTER CORP COM 204493100 1177 37152.00 SH SOLE 37152.00
DISNEY WALT CO COM 254687106 1396 44851.00 SH SOLE 44851.00
DOW CHEM CO COM 260543103 457 4905.00 SH SOLE 4905.00
FEDERAL NATL MTG ASSN COM 313586109 1578 22786.00 SH SOLE 22786.00
GENERAL ELEC CO COM 369604103 7932 71702.00 SH SOLE 71702.00
GENERAL MTRS CORP COM 370442105 1246 14338.00 SH SOLE 14338.00
GILLETTE CO COM 375766102 1465 24655.00 SH SOLE 24655.00
HEWLETT PACKARD CO COM 428236103 1514 22324.00 SH SOLE 22324.00
HOME DEPOT INC COM 437076102 1992 32003.00 SH SOLE 32003.00
MCI WORLDCOM INC COM 55268B106 3551 40092.00 SH SOLE 40092.00
INTEL CORP COM 458140100 4352 36530.00 SH SOLE 36530.00
KELLOGG CO COM 487836108 304 8979.00 SH SOLE 8979.00
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MERCK + CO INC COM 589331107 4186 52208.00 SH SOLE 52208.00
MERRILL LYNCH + CO INC COM 590188108 669 7562.00 SH SOLE 7562.00
MICROSOFT CORP COM 594918104 9927 110760.00 SH SOLE 110760.00
BANKAMERICA CORP NEW COM 06605F102 2686 38029.00 SH SOLE 38029.00
MOTOROLA INC COM 620076109 958 13080.00 SH SOLE 13080.00
BANK ONE CORP COM 06423A103 1411 25626.00 SH SOLE 25626.00
CITIGROUP INC COM 172967101 3168 49595.00 SH SOLE 49595.00
ORACLE CORP COM 68389X105 846 32062.00 SH SOLE 32062.00
WELLS FARGO + CO NEW COM 949746101 1250 35663.00 SH SOLE 35663.00
PFIZER INC COM 717081103 3951 28473.00 SH SOLE 28473.00
PHILIP MORRIS COS INC COM 718154107 1875 53288.00 SH SOLE 53288.00
SUNOCO INC COM 86764P109 74 2063.00 SH SOLE 2063.00
SCHERING PLOUGH CORP COM 806605101 1783 32244.00 SH SOLE 32244.00
FIRSTAR CORP WIS COM 33763V109 456 5100.00 SH SOLE 5100.00
TEXAS INSTRS INC COM 882508104 850 8561.00 SH SOLE 8561.00
SPRINT CORP PCS COM SER 1 852061506 427 9638.00 SH SOLE 9638.00
UST INC COM USD0.50 902911106 105 4037.00 SH SOLE 4037.00
UNITED HEALTHCARE CORP COM 910581107 223 4236.00 SH SOLE 4236.00
VIACOM INC CL B 925524308 653 7784.00 SH SOLE 7784.00
XEROX CORP COM 984121103 769 14410.00 SH SOLE 14410.00
DEERE + CO COM 244199105 209 5403.00 SH SOLE 5403.00
FORD MTR CO DEL COM 345370100 1511 26625.00 SH SOLE 26625.00
MBNA CORP COM 55262L100 412 17241.00 SH SOLE 17241.00
MCKESSON HBOC INC COM 58155Q103 387 5871.00 SH SOLE 5871.00
MAY DEPT STORES CO COM 577778103 300 7656.00 SH SOLE 7656.00
MONSANTO CO COM 611662107 620 13487.00 SH SOLE 13487.00
TIME WARNER INC COM 887315109 1904 26800.00 SH SOLE 26800.00
UNION CARBIDE CORP COM 905581104 133 2937.00 SH SOLE 2937.00
WAL MART STORES INC COM 931142103 4500 48817.00 SH SOLE 48817.00
FRUIT OF THE LOOM LTD SHS A G3682L105 17 1624.00 SH SOLE 1624.00
NEWELL RUBBERMAID INC COM 651229106 290 6097.46 SH SOLE 6097.46
SUMMIT BANCORP COM 866005101 153 3911.00 SH SOLE 3911.00
ADOBE SYSINC COM 00724F101 86 1512.00 SH SOLE 1512.00
ALLTEL CORP COM 020039103 377 6038.00 SH SOLE 6038.00
AMERADA HESS CORP COM NPV 023551104 101 2002.00 SH SOLE 2002.00
AMSOUTH BANCORPORATION COM 032165102 114 2500.00 SH SOLE 2500.00
ANADARKO PETE CORP COM 032511107 98 2585.00 SH SOLE 2585.00
ALLIED SIGNAL INC COM 019512102 609 12388.00 SH SOLE 12388.00
ARCHER DANIELS MIDLAND CO COM 039483102 192 13089.00 SH SOLE 13089.00
ARMSTRONGWORLD INDS INC COM 042476101 41 903.00 SH SOLE 903.00
ASARCO INC COM 043413103 12 872.00 SH SOLE 872.00
ALCOA INC COM 013817101 334 8098.00 SH SOLE 8098.00
BAUSCH + LOMB INC COM 071707103 79 1209.00 SH SOLE 1209.00
BLOCK H +R INC COM 093671105 110 2318.00 SH SOLE 2318.00
APPLIED MATERIALS INC COM 038222105 497 8063.00 SH SOLE 8063.00
BRIGGS + STRATTON CORP COM 109043109 24 479.00 SH SOLE 479.00
BRUNSWICKCORP COM 117043109 42 2207.00 SH SOLE 2207.00
BURLINGTON RES INC COM 122014103 155 3885.00 SH SOLE 3885.00
CSX CORP COM 126408103 185 4758.00 SH SOLE 4758.00
BANK NEW YORK INC COM 064057102 591 16447.00 SH SOLE 16447.00
CHAMPION INTL CORP COM 158525105 89 2157.00 SH SOLE 2157.00
CINCINNATI FINL CORP COM 172062101 132 3617.00 SH SOLE 3617.00
MILACRON INC COM 598709103 14 878.00 SH SOLE 878.00
COASTAL CORP COM 190441105 154 4668.00 SH SOLE 4668.00
BIOMET INC COM 090613100 102 2432.00 SH SOLE 2432.00
CONSECO INC COM STK 208464107 209 6769.00 SH SOLE 6769.00
CONSOLIDATED EDISON INC COM 209115104 232 5128.00 SH SOLE 5128.00
COORS ADOLPH CO CLASS B COM 217016104 43 788.00 SH SOLE 788.00
CRANE CO COM 224399105 36 1503.00 SH SOLE 1503.00
CUMMINS ENGINE INC COM 231021106 30 830.00 SH SOLE 830.00
BOEING CO COM 097023105 715 20955.00 SH SOLE 20955.00
DOLLAR GEN CORP 256669102 133 3915.00 SH SOLE 3915.00
DOVER CORP COM 260003108 161 4890.00 SH SOLE 4890.00
DOW JONES+ CO INC COM 260561105 98 2083.00 SH SOLE 2083.00
BOSTON SCIENTIFIC CORP COM 101137107 347 8552.00 SH SOLE 8552.00
DUKE ENERGY CO COM STK NPV 264399106 433 7927.00 SH SOLE 7927.00
EASTERN ENTERPRISES COM 27637F100 16 430.00 SH SOLE 430.00
EQUIFAX INC COM 294429105 112 3256.00 SH SOLE 3256.00
FOSTER WHEELER CORP COM 350244109 11 910.00 SH SOLE 910.00
CARNIVAL CORP COM 143658102 651 13400.00 SH SOLE 13400.00
GENUINE PARTS CO COM 372460105 113 3925.00 SH SOLE 3925.00
GEORGIA PAC CORP COM 373298108 147 1980.00 SH SOLE 1980.00
COMPUTER ASSOC INTL INC COM 204912109 428 12042.00 SH SOLE 12042.00
HARRIS CORP DEL COM 413875105 50 1739.00 SH SOLE 1739.00
HELMERICHAND PAYNE INC COM 423452101 26 1140.00 SH SOLE 1140.00
HERSHEY FOODS CORP COM 427866108 174 3099.00 SH SOLE 3099.00
HILTON HOTELS CORP COM 432848109 77 5469.00 SH SOLE 5469.00
HUNTINGTON BANCSHARES INC COM 446150104 143 4609.00 SH SOLE 4609.00
INGERSOLL RAND CO COM 456866102 178 3592.00 SH SOLE 3592.00
E M C CORP MASS COM 268648102 1400 10958.00 SH SOLE 10958.00
JOSTENS INC COM 481088102 18 857.00 SH SOLE 857.00
KERR MCGEE CORP COM 492386107 62 1897.00 SH SOLE 1897.00
KEYCORP NEW COM 493267108 291 9612.00 SH SOLE 9612.00
EMERSON ELEC CO COM 291011104 512 9677.00 SH SOLE 9677.00
LONGS DRUG STORES CORP COM 543162101 25 837.00 SH SOLE 837.00
MAYTAG CORP COM 578592107 121 2009.00 SH SOLE 2009.00
MCDERMOTTINTL INC COM 580037109 32 1276.00 SH SOLE 1276.00
MERCANTILE BANCORPORATION COM 587342106 160 3370.00 SH SOLE 3370.00
MEREDITH CORP COM 589433101 36 1154.00 SH SOLE 1154.00
HERCULES INC COM 427056106 53 2115.00 SH SOLE 2115.00
NACCO INDS INC CL A 629579103 13 181.00 SH SOLE 181.00
NEWMONT MNG CORP COM 651639106 61 3469.00 SH SOLE 3469.00
NIAGARA MOHAWK HLDGS INC COM 653520106 55 4123.00 SH SOLE 4123.00
NORTHERN TRUST CORP COM 665859104 215 2417.00 SH SOLE 2417.00
NORTHROP GRUMMAN CORP COM 666807102 92 1531.00 SH SOLE 1531.00
INTERNATIONAL FLAVOURS COM 459506101 88 2341.00 SH SOLE 2341.00
P P + L RES INC COM 693499105 90 3642.00 SH SOLE 3642.00
PERKIN ELMER CORP COM 714041100 108 1116.00 SH SOLE 1116.00
PHILLIPS PETE CO COM 718507106 271 5731.00 SH SOLE 5731.00
JOHNSON + JOHNSON COM 478160104 2760 29457.00 SH SOLE 29457.00
POLAROID CORP COM 731095105 19 940.00 SH SOLE 940.00
POTLATCH CORP COM 737628107 21 609.00 SH SOLE 609.00
KLA TENCOR CORP COM 482480100 95 1955.00 SH SOLE 1955.00
REEBOK INTL LTD COM 758110100 20 1240.00 SH SOLE 1240.00
REGIONS FINL CORP COM 758940100 167 4826.00 SH SOLE 4826.00
KING WORLD PRODTNS INC COM 495667107 50 1639.00 SH SOLE 1639.00
REPUBLIC NY CORP COM 760719104 109 2366.00 SH SOLE 2366.00
REYNOLDS METALS CO COM 761763101 75 1552.00 SH SOLE 1552.00
LSI LOGICCORP COM 502161102 95 3047.00 SH SOLE 3047.00
SCIENTIFIC ATLANTA INC COM 808655104 48 1774.00 SH SOLE 1774.00
SIGMA ALDRICH COM 826552101 63 2166.00 SH SOLE 2166.00
SONAT INC COM 835415100 73 2419.00 SH SOLE 2419.00
MEDTRONICINC COM 585055106 911 12703.00 SH SOLE 12703.00
SOUTHTRUST CORP COM 844730101 127 3400.00 SH SOLE 3400.00
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SPRINGS INDS INC COM 851783100 11 417.00 SH SOLE 417.00
STANLEY WORKS COM 854616109 49 1924.00 SH SOLE 1924.00
MICRON TECHNOLOGY INC COM 595112103 262 5437.00 SH SOLE 5437.00
SLM HLDG CORP COM 78442A109 154 3690.00 SH SOLE 3690.00
SUNTRUST BKS INC COM 867914103 432 6944.00 SH SOLE 6944.00
MIRAGE RESORTS INC COM 60462E104 83 3921.00 SH SOLE 3921.00
TEMPLE INLAND INC COM 879868107 75 1190.00 SH SOLE 1190.00
TIMES MIRROR CO NEW COM SER A 887364107 104 1916.00 SH SOLE 1916.00
TRIBUNE CO NEW COM 896047107 177 2700.00 SH SOLE 2700.00
AEROQUIP VICKERS INC COM 007869100 34 596.00 SH SOLE 596.00
USX U S STL GROUP 90337T101 44 1875.00 SH SOLE 1875.00
NIKE INC CL B 654106103 365 6319.00 SH SOLE 6319.00
UNITED STATES SURGICAL CO COM 912707106 15 271.00 SH SOLE 271.00
PEOPLESOFT INC COM 712713106 74 5073.00 SH SOLE 5073.00
PRAXAIR INC COM 74005P104 123 3423.00 SH SOLE 3423.00
CBS CORP COM 12490K107 646 15781.00 SH SOLE 15781.00
WILLAMETTE INDS INC COM 969133107 94 2485.00 SH SOLE 2485.00
WILLIAMS COS INC COM 969457100 367 9301.00 SH SOLE 9301.00
WORTHINGTON INDS IN COM 981811102 25 2116.00 SH SOLE 2116.00
PROCTER + GAMBLE CO COM 742718109 2841 29013.00 SH SOLE 29013.00
RITE AID CORP COM 767754104 141 5623.00 SH SOLE 5623.00
AES CORP COM 00130H105 157 4214.00 SH SOLE 4214.00
ADVANCED MICRO DEVICES IN COM 007903107 49 3163.00 SH SOLE 3163.00
SARA LEE CORP COM 803111103 508 20518.00 SH SOLE 20518.00
SERVICE CORP INTL COM 817565104 80 5605.00 SH SOLE 5605.00
AMERITECH CORP NEW COM 030954101 1397 24141.00 SH SOLE 24141.00
SILICON GRAPHICS INC COM 827056102 69 4141.00 SH SOLE 4141.00
AUTODESK INCORPORATED COM STK NPV 052769106 40 980.00 SH SOLE 980.00
3COM CORP COM 885535104 182 7807.00 SH SOLE 7807.00
BMC SOFTWARE INC COM 055921100 171 4603.00 SH SOLE 4603.00
BANKBOSTON CORP COM 06605R106 279 6448.00 SH SOLE 6448.00
BATTLE MTN GOLD CO COM 071593107 14 4993.00 SH SOLE 4993.00
BEAR STEARNS COS INC COM 073902108 119 2658.00 SH SOLE 2658.00
BETHLEHEMSTL CORP COM 087509105 23 2815.00 SH SOLE 2815.00
BOISE CASCADE CORP COM 097383103 40 1246.00 SH SOLE 1246.00
AT + T CORP COM 001957109 3679 46092.00 SH SOLE 46092.00
ALBERTSONS INC COM 013104104 292 5380.00 SH SOLE 5380.00
CAPITAL ONE FINL CORP COM 14040H105 210 1393.00 SH SOLE 1393.00
CAROLINA PWR + LT CO COM 144141108 125 3315.00 SH SOLE 3315.00
AMERICAN GREETINGS CORP CL A 026375105 41 1599.00 SH SOLE 1599.00
CERIDIAN CORP COM 15677T106 113 3094.00 SH SOLE 3094.00
ANHEUSER BUSCH COS INC COM 035229103 812 10657.00 SH SOLE 10657.00
APPLE COMPUTER COM NPV 037833100 106 2954.00 SH SOLE 2954.00
CINERGY CORP COM 172474108 96 3492.00 SH SOLE 3492.00
CLEAR CHANNEL COMMUNICATIONS COM 184502102 377 5624.00 SH SOLE 5624.00
AVON PRODS INC COM 054303102 271 5756.00 SH SOLE 5756.00
COLUMBIA ENERGY GROUP COM 197648108 97 1848.00 SH SOLE 1848.00
COUNTRYWIDE CR INDS INC COM 222372104 90 2389.00 SH SOLE 2389.00
CYPRUS AMAX MINERALS CO COM 232809103 24 2012.00 SH SOLE 2012.00
COCA COLA CO COM 191216100 3325 54168.00 SH SOLE 54168.00
DANAHER CORP COM 235851102 162 3100.00 SH SOLE 3100.00
DATA GEN CORP COM 237688106 11 1059.00 SH SOLE 1059.00
DELL COMPUTER CORP COM 247025109 2271 55558.00 SH SOLE 55558.00
COLGATE PALMOLIVE CO COM 194162103 595 6472.00 SH SOLE 6472.00
DILLARDS INC CL A 254067101 61 2388.00 SH SOLE 2388.00
DAYTON HUDSON CORP COM 239753106 636 9544.00 SH SOLE 9544.00
ECOLAB INC COM 278865100 100 2811.00 SH SOLE 2811.00
EATON CORP COM 278058102 112 1560.00 SH SOLE 1560.00
FMC CORP COM NEW 302491303 38 761.00 SH SOLE 761.00
FIFTH THIRD BANCORP COM STK 316773100 381 5776.50 SH SOLE 5776.50
FLEETWOOD ENTERPRISES INC COM 339099103 21 748.00 SH SOLE 748.00
FLUOR CORP COM 343861100 48 1789.00 SH SOLE 1789.00
FRANKLIN RES INC COM 354613101 156 5540.00 SH SOLE 5540.00
FIRST UN CORP COM 337358105 1152 21554.00 SH SOLE 21554.00
FRONTIER CORP COM 35906P105 197 3797.00 SH SOLE 3797.00
GANNETT INC COM 364730101 393 6234.00 SH SOLE 6234.00
GATEWAY 2000 INC COM 367833100 237 3456.00 SH SOLE 3456.00
GENERAL DYNAMICS CORP COM 369550108 175 2726.00 SH SOLE 2726.00
GAP INC COM 364760108 847 12580.00 SH SOLE 12580.00
GREAT ATLANTIC + PAC TEA COM 390064103 24 797.00 SH SOLE 797.00
MALLINCKRODT INC NEW COM 561232109 43 1621.00 SH SOLE 1621.00
HOMESTAKEMNG CO COM 437614100 40 4658.00 SH SOLE 4658.00
NORDSTROMINC COM 655664100 137 3357.00 SH SOLE 3357.00
PNC BK CORP COM 693475105 369 6634.00 SH SOLE 6634.00
PPG INDS INC COM 693506107 198 3864.00 SH SOLE 3864.00
SBC COMMUNICATIONS INC COM 78387G103 2022 42900.00 SH SOLE 42900.00
SYSCO CORP COM 871829107 195 7418.00 SH SOLE 7418.00
MILLIPORECORP COM 601073109 22 927.00 SH SOLE 927.00
TRW INC COM 872649108 124 2721.00 SH SOLE 2721.00
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CARNIVAL CORP COM 143658102 4749 97800.00 SH SOLE 97800.00
GENUINE PARTS CO COM 372460105 4466 155000.00 SH SOLE 155000.00
COMPUTER ASSOC INTL INC COM 204912109 4200 118100.00 SH SOLE 118100.00
HARMAN INTL INDS INC NEW COM 413086109 5377 146300.00 SH SOLE 146300.00
HARRIS CORP DEL COM 413875105 4142 144700.00 SH SOLE 144700.00
HELMERICHAND PAYNE INC COM 423452101 3027 133400.00 SH SOLE 133400.00
HILTON HOTELS CORP COM 432848109 582 41400.00 SH SOLE 41400.00
HUNTINGTON BANCSHARES INC COM 446150104 6951 224690.00 SH SOLE 224690.00
E M C CORP MASS COM 268648102 133116 1042000.00 SH SOLE 1042000.00
K N ENERGY INC COM 482620101 2581 129450.00 SH SOLE 129450.00
MDU RES GROUP INC COM 552690109 2544 111200.00 SH SOLE 111200.00
MODINE MFG CO 607828100 1055 37600.00 SH SOLE 37600.00
NIAGARA MOHAWK HLDGS INC COM 653520106 403 30000.00 SH SOLE 30000.00
NORTHEAST UTILS COM 664397106 286 20600.00 SH SOLE 20600.00
INTERNATIONAL FLAVOURS COM 459506101 12719 338600.00 SH SOLE 338600.00
OSHKOSH BGOSH INC CL A 688222207 1327 75000.00 SH SOLE 75000.00
P P + L RES INC COM 693499105 11266 455200.00 SH SOLE 455200.00
PHILLIPS PETE CO COM 718507106 5675 120100.00 SH SOLE 120100.00
JOHNSON + JOHNSON COM 478160104 19869 212500.00 SH SOLE 212500.00
PINNACLE WEST CAP CORP COM 723484101 3296 90600.00 SH SOLE 90600.00
POTLATCH CORP COM 737628107 3455 101800.00 SH SOLE 101800.00
PUBLIC SVC CO N C INC COM 744516105 1504 53000.00 SH SOLE 53000.00
QUESTAR CORP COM 748356102 1452 85700.00 SH SOLE 85700.00
REPUBLIC NY CORP COM 760719104 18293 396600.00 SH SOLE 396600.00
MEDTRONIC INC COM 585055106 59553 828559.00 SH SOLE 828559.00
ENESCO GROUP INC COM 292973104 1559 86300.00 SH SOLE 86300.00
MICRON TECHNOLOGY INC COM 595112103 1378 28600.00 SH SOLE 28600.00
MIRAGE RESORTS INC COM 60462E104 4888 230000.00 SH SOLE 230000.00
TEXAS INDS INC COM 882491103 6641 267633.00 SH SOLE 267633.00
TIMES MIRROR CO NEW COM SER A 887364107 633 11700.00 SH SOLE 11700.00
AEROQUIP VICKERS INC COM 007869100 2390 41700.00 SH SOLE 41700.00
USX U S STL GROUP 90337T101 13646 580700.00 SH SOLE 580700.00
NIKE INC CL B 654106103 11209 194300.00 SH SOLE 194300.00
WPS RES CORP COM 92931B106 3280 111200.00 SH SOLE 111200.00
AVISTA CORP COM 05379B107 6815 419400.00 SH SOLE 419400.00
WESTERN RES INC COM 959425109 2671 100100.00 SH SOLE 100100.00
CBS CORP COM 12490K107 9387 230000.00 SH SOLE 230000.00
WILLIAMS COS INC COM 969457100 8 200.00 SH SOLE 200.00
PROCTER +GAMBLE CO COM 742718109 25865 264100.00 SH SOLE 264100.00
ACME METALS INC COM 004724100 4 14400.00 SH SOLE 14400.00
SARA LEE CORP COM 803111103 4460 180200.00 SH SOLE 180200.00
AMERITECH CORP NEW COM 030954101 30957 537215.00 SH SOLE 537215.00
AMRESCO INC COM 031909104 1393 181200.00 SH SOLE 181200.00
ARCH COMMUNICATIONS GROUP COM 039381108 52 38100.00 SH SOLE 38100.00
BJ SVCS CO COM 055482103 5547 238600.00 SH SOLE 238600.00
BMC SOFTWARE INC COM 055921100 22015 594000.00 SH SOLE 594000.00
BANTA CORP COM STK 066821109 3758 197800.00 SH SOLE 197800.00
AT + T CORP COM 001957109 33378 418200.00 SH SOLE 418200.00
ALBERTSONS INC COM 013104104 10708 196700.00 SH SOLE 196700.00
CNA FINL CORP COM 126117100 9657 248800.00 SH SOLE 248800.00
INDY MAC MTG HLDGS INC COM 456607100 411 37800.00 SH SOLE 37800.00
CAPITAL ONE FINL CORP COM 14040H105 13711 90800.00 SH SOLE 90800.00
AMERICAN GREETINGS CORP CL A 026375105 1309 51600.00 SH SOLE 51600.00
CLEAR CHANNEL COMMUNICATIONS COM 184502102 33531 500000.00 SH SOLE 500000.00
AVON PRODS INC COM 054303102 7954 169000.00 SH SOLE 169000.00
COLTEC INDS INC COM 196879100 1730 95100.00 SH SOLE 95100.00
COMMERCIAL FED CORP COM 201647104 8503 366700.00 SH SOLE 366700.00
COUNTRYWIDE CR INDS INC COM 222372104 4268 113800.00 SH SOLE 113800.00
COCA COLACO COM 191216100 42735 696300.00 SH SOLE 696300.00
DELL COMPUTER CORP COM 247025109 89737 2195400.00 SH SOLE 2195400.00
DILLARDS INC CL A 254067101 8016 315900.00 SH SOLE 315900.00
DIME BANCORP INC NEW COM USD0.01 25429Q102 8916 384500.00 SH SOLE 384500.00
DAYTON HUDSON CORP COM 239753106 11775 176741.00 SH SOLE 176741.00
ENSCO INTL INC COM 26874Q100 9858 740500.00 SH SOLE 740500.00
ETHAN ALLEN INTERIORS INC COM 297602104 133 3200.00 SH SOLE 3200.00
EATON CORP COM 278058102 12427 173800.00 SH SOLE 173800.00
FRANKLIN RES INC COM 354613101 2855 101500.00 SH SOLE 101500.00
FIRST UN CORP COM 337358105 55319 1035206.00 SH SOLE 1035206.00
GANNETT INC COM 364730101 4712 74800.00 SH SOLE 74800.00
GENERAL DYNAMICS CORP COM 369550108 54959 855400.00 SH SOLE 855400.00
GLOBAL INDUSTRIES INC 379336100 5125 506200.00 SH SOLE 506200.00
GLOBAL MARINE INC COM NEW 379352404 8975 763800.00 SH SOLE 763800.00
HEFTEL BROADCASTING CORP CLASS A 422799106 2776 64000.00 SH SOLE 64000.00
HOMESTAKEMNG CO COM 437614100 1023 118600.00 SH SOLE 118600.00
FURNITUREBRANDS INTL INC COM 360921100 5507 248900.00 SH SOLE 248900.00
PNC BK CORP COM 693475105 10485 188700.00 SH SOLE 188700.00
PPG INDS INC COM 693506107 15319 298900.00 SH SOLE 298900.00
SBC COMMUNICATIONS INC COM 78387G103 23201 491682.00 SH SOLE 491682.00
SHAW INDSINC COM 820286102 1933 104500.00 SH SOLE 104500.00
TRW INC COM 872649108 2302 50600.00 SH SOLE 50600.00
TENET HEALTHCARE CORP COM 88033G100 3505 185100.00 SH SOLE 185100.00
NAVISTAR INTL CORP INC COM 63934E108 8311 206800.00 SH SOLE 206800.00
NEWPARK RES INC COM PAR USD0.01 NEW 651718504 2590 357200.00 SH SOLE 357200.00
NORTHERN STS PWR CO MN COM 665772109 6330 273000.00 SH SOLE 273000.00
NOVELL INC COM 670006105 1010 40100.00 SH SOLE 40100.00
ABBOTT LABS COM NPV 002824100 9910 211700.00 SH SOLE 211700.00
OGE ENERGY CORP COM 670837103 5713 253200.00 SH SOLE 253200.00
OMEGA HEALTHCARE INVESTORS REAL ESTATE 681936100 2046 89200.00 SH SOLE 89200.00
AMERICAN GEN CORP COM 026351106 15447 219100.00 SH SOLE 219100.00
COSTCO COS INC COM 22160Q102 5926 64726.00 SH SOLE 64726.00
PUBLIC SVC CO NM COM 744499104 7409 435800.00 SH SOLE 435800.00
QUALCOMM INC COM 747525103 561 4509.00 SH SOLE 4509.00
CHEVRON CORP COM 166751107 43764 493120.00 SH SOLE 493120.00
DYNEX CAPINC COM 26817Q100 642 193900.00 SH SOLE 193900.00
ROWAN COSINC COM 779382100 2140 168700.00 SH SOLE 168700.00
DU PONT E I DE NEMOURS + CO COM 263534109 16815 289600.00 SH SOLE 289600.00
EASTMAN KODAK CO COM 277461109 4810 75300.00 SH SOLE 75300.00
SCHWAB CHARLES CORP NEW COM STK 808513105 143226 1490000.00 SH SOLE 1490000.00
EXXON CORP COM 302290101 105258 1491700.00 SH SOLE 1491700.00
GENERAL MLS INC COM 370334104 9415 124600.00 SH SOLE 124600.00
SOUTHERN UN CO NEW COM 844030106 989 52400.00 SH SOLE 52400.00
HEINZ H JCO COM 423074103 18732 395400.00 SH SOLE 395400.00
STORAGE TECHNOLOGY CORP COM PAR USD0.10 862111200 2905 104200.00 SH SOLE 104200.00
MINNESOTAMNG + MFG CO COM 604059105 43101 609200.00 SH SOLE 609200.00
MOBIL CORP COM 607059102 127063 1443900.00 SH SOLE 1443900.00
TOLL BROSINC COM 889478103 3522 194300.00 SH SOLE 194300.00
TRINITY INDS INC COM 896522109 6583 224100.00 SH SOLE 224100.00
US AIRWAYS GROUP INC COM 911905107 1304 26715.00 SH SOLE 26715.00
READERS DIGEST ASSN INC COM CL A NON VTG 755267101 5876 186900.00 SH SOLE 186900.00
WALBRO CORP COM 931154108 902 100200.00 SH SOLE 100200.00
WASHINGTON FED INC COM 938824109 2592 123420.00 SH SOLE 123420.00
UNION PACCORP COM 907818108 19505 365000.00 SH SOLE 365000.00
U S WEST INC NEW COM 91273H101 19061 346166.00 SH SOLE 346166.00
IKON OFFICE SOLUTIONS INC COM 451713101 1837 143400.00 SH SOLE 143400.00
AMERICAN INTL GROUP INC COM 026874107 168715 1398675.00 SH SOLE 1398675.00
AMGEN INC COM 031162100 8940 119400.00 SH SOLE 119400.00
HARLEY DAVIDSON INC COM RTS CALLABLE THRU 23MAY98 412822108 30156 525600.00 SH SOLE 525600.00
LOUISIANAPAC CORP COM 546347105 894 48000.00 SH SOLE 48000.00
NEXTEL COMMUNICATIONS INC CL A 65332V103 2800 76459.00 SH SOLE 76459.00
SCHLUMBERGER LTD COM 806857108 15872 263701.00 SH SOLE 263701.00
FORTUNE BRANDS INC COM 349631101 10842 281600.00 SH SOLE 281600.00
ATLANTIC RICHFIELD CO COM 048825103 80350 1098800.00 SH SOLE 1098800.00
ARVIN INDS INC COM 043339100 4315 128100.00 SH SOLE 128100.00
BALTIMOREGAS + ELEC CO COM STK 059165100 6922 272800.00 SH SOLE 272800.00
BELL ATLANTIC CORP COM 077853109 56201 1087317.00 SH SOLE 1087317.00
BELLSOUTHCORP COM 079860102 23501 586600.00 SH SOLE 586600.00
CONSOLIDATED NAT GAS CO COM 209615103 7527 154600.00 SH SOLE 154600.00
DOMINION RES INC VA COM 257470104 15370 416100.00 SH SOLE 416100.00
FLEET FINL GROUP INC COM 338915101 9233 245400.00 SH SOLE 245400.00
FLORIDA PROGRESS CORP COM 341109106 5655 149800.00 SH SOLE 149800.00
GTE CORP COM 362320103 26190 432900.00 SH SOLE 432900.00
GOODRICH B F CO COM 382388106 11809 344149.00 SH SOLE 344149.00
INDIANA ENERGY INC COM 454707100 1437 75900.00 SH SOLE 75900.00
DAIN RAUSCHER CORP COM 233856103 1649 48500.00 SH SOLE 48500.00
K MART CORP COM 482584109 8194 487400.00 SH SOLE 487400.00
LINCOLN NATL CORP IN COM 534187109 11470 116000.00 SH SOLE 116000.00
LONE STARINDS INC COM NEW 542290408 2325 75000.00 SH SOLE 75000.00
MARSH + MCLENNAN COS INC COM 571748102 8613 116000.00 SH SOLE 116000.00
CVS CORP COM 126650100 1083 22800.00 SH SOLE 22800.00
MORGAN J P + CO INC COM 616880100 104240 844900.00 SH SOLE 844900.00
NEW JERSEY RES CORP COM 646025106 1895 53300.00 SH SOLE 53300.00
NATIONAL SVC INDS INC 637657107 4445 130500.00 SH SOLE 130500.00
NICOR INC COM 654086107 7116 198000.00 SH SOLE 198000.00
PHILADELPHIA SUBN CORP COM PAR 0.50 718009608 1348 59400.00 SH SOLE 59400.00
PIONEER GROUP INC COM 723684106 3078 207800.00 SH SOLE 207800.00
PENNEY J C INC COM 708160106 12745 314700.00 SH SOLE 314700.00
PUBLIC SVC ENTERPRISE GRO COM 744573106 24001 628500.00 SH SOLE 628500.00
SAFECO CORP COM 786429100 58533 1447500.00 SH SOLE 1447500.00
ST PAUL COS INC COM 792860108 42739 1375900.00 SH SOLE 1375900.00
TEXACO INC COM 881694103 45252 797400.00 SH SOLE 797400.00
TEXAS UTILS CO COM 882848104 102715 2445600.00 SH SOLE 2445600.00
WACHOVIA CORP NEW 929771103 8119 100000.00 SH SOLE 100000.00
UNITED ILLUM CO COM 910637107 1854 44200.00 SH SOLE 44200.00
WEYERHAEUSER CO COM 962166104 3763 67800.00 SH SOLE 67800.00
UNITED WTR RES INC COM 913190104 1718 82800.00 SH SOLE 82800.00
WISCONSINENERGY CORP COM 976657106 8799 337600.00 SH SOLE 337600.00
WITCO CORP COM 977385103 744 58900.00 SH SOLE 58900.00
AFC CABLESYS INC COM 000950105 2231 75000.00 SH SOLE 75000.00
ENERGY EAST CORP COM 29266M109 6034 114800.00 SH SOLE 114800.00
UNION CAMP CORP COM 905530101 13385 199400.00 SH SOLE 199400.00
ANALYSTS INTL CORP COM 032681108 863 75000.00 SH SOLE 75000.00
BUCKLE INC COM 118440106 1688 75000.00 SH SOLE 75000.00
</TABLE
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