<PAGE>
Semi-Annual Report
-------------------------------------------------------------------------------
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
Financial Statements (Unaudited)
including
Statement of Investments
-------------------------------------------------------------------------------
June 30, 2000
------
TIAA
------
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
INDEX TO UNAUDITED FINANCIAL STATEMENTS
JUNE 30, 2000
--------------------------------------------------------------------------------
PAGE
----
Statement of Assets and Liabilities .................................... 2
Statement of Operations ................................................ 3
Statements of Changes in Net Assets .................................... 4
Notes to Financial Statements .......................................... 5
Statement of Investments ............................................... 7
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
STATEMENT OF ASSETS AND LIABILITIES (Unaudited)
JUNE 30, 2000
(amounts in thousands, except per accumulation unit amount)
<TABLE>
<S> <C>
ASSETS
Investments, at cost .......................................... $ 712,731
Net unrealized appreciation of investments .................... 361,528
----------
Investments, at value ......................................... 1,074,259
Cash .......................................................... 130
Dividends and interest receivable ............................. 796
----------
TOTAL ASSETS 1,075,185
----------
LIABILITIES
Payable for securities transactions ........................... 34
Amounts due to General Account ................................ 250
----------
TOTAL LIABILITIES 284
----------
NET ASSETS--Accumulation Fund ..................................... $1,074,901
==========
NUMBER OF ACCUMULATION UNITS OUTSTANDING--Notes 5 and 6 .......... 13,055
======
NET ASSET VALUE, PER ACCUMULATION UNIT--Note 5 .................... $82.34
======
</TABLE>
See notes to financial statements.
2
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
STATEMENT OF OPERATIONS (Unaudited)
SIX MONTHS ENDED JUNE 30, 2000
(amounts in thousands)
<TABLE>
<CAPTION>
<S> <C>
INVESTMENT INCOME
Income:
Interest ......................................................................... $ 112
Dividends ........................................................................ 6,053
--------
TOTAL INCOME 6,165
--------
Expenses--Note 3:
Investment advisory charges ...................................................... 1,570
Administrative expenses .......................................................... 1,047
Mortality and expense risk charges ............................................... 524
--------
EXPENSES BEFORE WAIVER 3,141
Investment advisory charges waived--Note 3 ....................................... (1,204)
--------
NET EXPENSES 1,937
--------
INVESTMENT INCOME--NET 4,228
--------
REALIZED AND UNREALIZED GAIN (LOSS) ON
INVESTMENTS--Note 4
Net realized gain on investments ................................................. 9,872
Net change in unrealized appreciation on investments ............................. (5,603)
--------
NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS 4,269
--------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 8,497
========
</TABLE>
See notes to financial statements.
3
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
STATEMENTS OF CHANGES IN NET ASSETS
(amounts in thousands)
<TABLE>
<CAPTION>
Six Months
Ended Year Ended
June 30, December 31,
2000 1999
---------- ------------
(Unaudited)
<S> <C> <C>
FROM OPERATIONS
Investment income--net ............................................. $ 4,228 $ 8,282
Net realized gain on investments ................................... 9,872 33,295
Net change in unrealized appreciation on investments ............... (5,603) 125,074
---------- ----------
NET INCREASE IN NET ASSETS
RESULTING FROM OPERATIONS 8,497 166,651
---------- ----------
FROM CONTRACTOWNER TRANSACTIONS
Premiums ........................................................... 51,703 130,503
Net contractowner transfers from fixed account ..................... 8,236 4,267
Withdrawals and death benefits ..................................... (26,089) (26,849)
---------- ----------
NET INCREASE IN NET ASSETS RESULTING
FROM CONTRACTOWNER TRANSACTIONS 33,850 107,921
---------- ----------
NET INCREASE IN NET ASSETS 42,347 274,572
NET ASSETS
Beginning of year .................................................. 1,032,554 757,982
---------- ----------
End of period ...................................................... $1,074,901 $1,032,554
========== ==========
</TABLE>
See notes to financial statements.
4
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
NOTE 1--ORGANIZATION
TIAA Separate Account VA-1 ("VA-1") is a segregated investment account of
Teachers Insurance and Annuity Association of America ("TIAA") and was organized
on February 16, 1994 under the insurance laws of the State of New York for the
purpose of issuing and funding variable annuity contracts. VA-1 was registered
with the Securities and Exchange Commission ("Commission") effective November 1,
1994 as an open-end, diversified management investment company under the
Investment Company Act of 1940. VA-1 consists of a single investment portfolio,
the Stock Index Account ("Account"), which invests in a diversified portfolio of
equity securities selected to track the overall United States stock market.
Teachers Advisors, Inc. ("Advisors"), an indirect subsidiary of TIAA, which is
registered with the Commission as an investment adviser, provides investment
advisory services for VA-1 pursuant to an Investment Management Agreement
between TIAA, Advisors and VA-1. TIAA provides all administrative services for
VA-1 pursuant to an Administrative Services Agreement with VA-1. The contracts
are distributed primarily by Teachers Personal Investors Services, Inc.
("TPIS"), also an indirect subsidiary of TIAA, which is registered with the
Commission as a broker-dealer and is a member of the National Association of
Securities Dealers, Inc.
NOTE 2--SIGNIFICANT ACCOUNTING POLICIES
The preparation of financial statements may require management to make estimates
and assumptions that affect the reported amounts of assets, liabilities, income,
expenses and related disclosures. Actual results may differ from those
estimates. The following is a summary of the significant accounting policies
consistently followed by the Account, which are in conformity with accounting
principles generally accepted in the United States.
VALUATION OF INVESTMENTS: Securities listed or traded on any United States
national securities exchange are valued at the last sale price as of the close
of the principal securities exchange on which such securities are traded or, if
there is no sale, at the mean of the last bid and asked prices on such exchange.
Securities traded only in the over-the-counter market and quoted in the NASDAQ
National Market System are valued at the last sale price, or at the mean of the
last bid and asked prices if no sale is reported. All other over-the-counter
securities are valued at the mean of the last bid and asked prices. Short-term
money market instruments are stated at market value. Portfolio securities for
which market quotations are not readily available are valued at fair value as
determined in good faith under the direction of and in accordance with the
responsibilities of the Management Committee of VA-1.
ACCOUNTING FOR INVESTMENTS: Securities transactions are accounted for as of the
date the securities are purchased or sold (trade date). Interest income is
recorded as earned and, for short-term money market instruments, includes
accrual of discount and amortization of premium. Dividend income is recorded on
the ex-dividend date. Realized gains and losses on security transactions are
accounted for on the average cost basis.
FEDERAL INCOME TAXES: Based on provisions of the Internal Revenue Code, no
federal taxes are attributable to the net investment experience of the Account.
NOTE 3--MANAGEMENT AGREEMENTS
Daily charges are deducted from the net assets of the Account for services
required to manage investments, administer the separate account and the
contracts, and to cover certain insurance risks borne by TIAA. The Investment
Management Agreement sets the investment advisory charge at an annual rate of
0.30% of the net assets of the Account. Currently, Advisors has agreed to waive
a portion of such fee, so that the daily deduction is equivalent to an annual
charge of 0.07% of the net assets of the Account. The Administrative Services
Agreement sets the administrative expense charge at an annual rate of 0.20% of
the net assets of the Account. TIAA also imposes a daily charge for bearing
certain mortality and expense risks in connection with the contracts equivalent
to an annual rate of 0.10% of the net assets of the Account.
NOTE 4--INVESTMENTS
At June 30, 2000, the net unrealized appreciation on investments was
$361,527,986, consisting of gross unrealized appreciation of $419,757,746 and
gross unrealized depreciation of $58,229,760.
Purchases and sales of securities, other than short-term money market
instruments, for the six months ended June 30, 2000, were $120,346,514 and
$83,043,083, respectively.
5
<PAGE>
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)--(CONCLUDED)
NOTE 5--CONDENSED FINANCIAL INFORMATION
Selected condensed financial information for an Accumulation Unit of the Account
is presented below.
<TABLE>
<CAPTION>
SIX MONTHS YEARS ENDED DECEMBER 31,
ENDED -------------------------------------------------------
JUNE 30, 2000(1) 1999 1998 1997 1996 1995
---------------- -------- -------- -------- -------- --------
(UNAUDITED)
<S> <C> <C> <C> <C> <C> <C>
Per Accumulation United Data:
Investment income ................ $ .477 $ .961 $ .908 $ .847 $ .807 $ .745
Expenses ......................... .150 .270 .223 .182 .150 .170
-------- -------- -------- --------- -------- --------
Investment income--net ........... .327 .691 .685 .665 .657 .575
Net realized and unrealized gain
on investments ................ .260 13.051 12.407 12.429 6.755 8.565
-------- -------- -------- --------- -------- --------
Net increase in
Accumulation Unit Value ....... .587 13.742 13.092 13.094 7.412 9.140
Accumulation Unit Value:
Beginning of year ............. 81.751 68.009 54.917 41.823 34.411 25.271
-------- -------- -------- --------- -------- --------
End of period ................. $ 82.338 $ 81.751 $ 68.009 $ 54.917 $ 41.823 $ 34.411
======== ======== ======== ========= ======== ========
Total return ........................ 0.72% 20.21% 23.84% 31.31% 21.54% 36.17%
Ratio to Average Net Assets:
Expenses (2) ..................... 0.18% 0.37% 0.37% 0.37% 0.40% 0.55%
Investment income--net ........... 0.40% 0.95% 1.14% 1.36% 1.74% 1.87%
Portfolio turnover rate ............. 11.81% 37.93% 45.93% 2.39% 4.55% 0.98%
Thousands of Accumulation Units
outstanding at end of period ..... 13,055 12,630 11,145 9,901 6,768 2,605
</TABLE>
(1) The Percentages shown for this period are not annualized.
(2) Advisors has agreed to waive a portion of its investment advisory fee.
Without this waiver, the Account's expense ratio for the periods listed
would have been higher (see Note 3).
NOTE 6--ACCUMULATION UNITS
Changes in the number of Accumulation Units outstanding were as follows:
<TABLE>
<CAPTION>
SIX MONTHS YEAR ENDED
ENDED DECEMBER 31,
JUNE 30, 2000 1999
------------- ------------
(UNAUDITED)
<S> <C> <C>
Accumulation Units:
Credited for premiums ............................................ 638,400 1,798,810
Cancelled for transfers and disbursements ........................ (214,098) (313,740)
Outstanding:
Beginning of year .............................................. 12,630,471 11,145,401
---------- ----------
End of period .................................................. 13,054,773 12,630,471
========== ==========
</TABLE>
6
<PAGE>
TIAA SEPARATE ACCOUNT VA-1 -- STOCK INDEX ACCOUNT
STATEMENT OF INVESTMENTS (UNAUDITED)
JUNE 30, 2000
<TABLE>
<CAPTION>
PRINCIPAL VALUE (000)
--------- -----------
<S> <C>
BONDS--0.00%
CORPORATE BONDS--0.00%
CONSTRUCTION AND REAL ESTATE--0.00%
REAL ESTATE--0.00%
EXCEL LEGACY CORP
$ 3,000 9.000%, 11/5/04 ......................... $ 3
1,000 10.000%, 11/5/04 ......................... 1
---------
4
---------
TOTAL CONSTRUCTION AND REAL ESTATE ......... 4
---------
TRANSPORTATION--0.00%
AUTOS, TIRES AND RELATED PRODUCTS--0.00%
1,950 UGLY DUCKLING CORP (SUB DEB)
12.000%, 10/23/03 ........................ 2
---------
TOTAL Transportation ....................... 2
---------
TOTAL CORPORATE BONDS
(COST $7) ................................ 6
---------
TOTAL BONDS
(COST $7) ................................ 6
---------
SHARES
------
PREFERRED STOCK--0.01%
BASIC INDUSTRIES--0.01%
CHEMICALS AND PLASTIC--0.01%
2,280 SEALED AIR CORP (CLASS A) .................. 115
---------
TOTAL BASIC INDUSTRIES ..................... 115
---------
CONSUMER DURABLE--0.00%
HOME APPLIANCES AND FURNISHINGS--0.00%
2,800 * OSULLIVAN INDUSTRIES HOLDINGS, INC ......... 1
---------
TOTAL CONSUMER DURABLE ..................... 1
---------
FINANCE--0.00%
CREDIT AND OTHER FINANCE--0.00%
503 SUPERIOR TRUST I SERIES A .................. 13
---------
TOTAL FINANCE .............................. 13
---------
HEALTH--0.00%
MEDICAL EQUIPMENT AND SUPPLIES--0.00%
3,500 * FRESENIUS MEDICAL CARE (CLASS D) ........... 0
---------
TOTAL HEALTH ............................... 0
---------
TOTAL PREFERRED STOCK
(COST $127) ................................ 129
---------
COMMON STOCK--99.56%
BASIC INDUSTRIES--3.95%
CHEMICALS AND PLASTIC--2.63%
19,700 AIR PRODUCTS & CHEMICALS, INC .............. 607
3,800 * AIRGAS, INC ................................ 22
3,300 ALBEMARLE CORP ............................. 65
4,300 ALBERTO CULVER CO (CLASS B) ................ 131
3,500 APTARGROUP, INC ............................ 95
2,700 ARCH CHEMICALS, INC ........................ 59
18,800 AVON PRODUCTS, INC ......................... 837
309 BLOCK DRUG, INC (CLASS A) .................. 13
6,900 CABOT CORP ................................. 188
800 CALGON CARBON CORP ......................... 6
3,600 CAMBREX CORP ............................... 162
1,300 CARLISLE COS, INC .......................... 59
3,700 CARTER WALLACE, INC ........................ 74
4,000 CHURCH & DWIGHT CO, INC .................... 72
16,000 CLOROX CO .................................. 717
47,000 COLGATE PALMOLIVE CO ....................... 2,814
9,695 CROMPTON CORP .............................. 119
3,200 * CYGNUS, INC ................................ 46
3,600 * CYTEC INDUSTRIES, INC ...................... 89
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
2,300 DEXTER CORP ................................ $ 110
6,000 DIAL CORP .................................. 62
53,400 DOW CHEMICAL CO ............................ 1,612
79,891 DU PONT (E.I.) DE NEMOURS & CO ............. 3,495
8,300 EASTMAN CHEMICAL CO ........................ 396
9,300 ECOLAB, INC ................................ 363
300 * FMC CORP ................................... 17
1,431 FULLER (H.B.) CO ........................... 65
3,200 GEON CO .................................... 59
3,000 GEORGIA GULF CORP .......................... 62
7,200 * GRACE W.R. & CO ............................ 87
3,000 GREAT LAKES CHEMICAL CORP .................. 95
2,750 HANNA (M.A.) CO ............................ 25
2,100 HERCULES, INC .............................. 30
21,688 ILLINOIS TOOL WORKS, INC ................... 1,236
7,200 IMC GLOBAL, INC ............................ 94
666 * IMC GLOBAL, INC WTS 12/22/00 ............... 0
2,100 * INTERNATIONAL SPECIALTY PRODUCTS, INC ...... 12
7,000 INTERNATIONAL FLAVORS & FRAGRANCES, INC .... 211
3,100 JOHNS MANVILLE CORP ........................ 41
4,600 LAUDER (ESTEE) CO (CLASS A) ................ 227
5,200 LUBRIZOL CORP .............................. 109
1,300 MACDERMID, INC ............................. 31
4,200 MILLENNIUM CHEMICAL, INC ................... 71
1,600 MINERALS TECHNOLOGIES, INC ................. 74
200 MISSISSIPPI CHEMICAL CORP .................. 1
2,970 MYERS INDUSTRIES, INC ...................... 32
200 NCH CORP ................................... 7
275 * OCTEL CORP ................................. 2
3,900 OLIN CORP .................................. 64
4,100 OMNOVA SOLUTIONS, INC ...................... 26
16,400 * PACTIV CORP ................................ 129
16,600 * PERRIGO CO ................................. 105
101,508 PHARMACIA CORP ............................. 5,247
15,100 PRAXAIR, INC ............................... 565
105,000 PROCTER & GAMBLE CO ........................ 6,011
1,500 * REVLON, INC (CLASS A) ...................... 9
4,500 ROHM & HAAS CO ............................. 155
3,500 SCHULMAN (A.), INC ......................... 42
2,000 * SCOTTS CO (CLASS A) ........................ 73
4,372 * SEALED AIR CORP ............................ 229
8,560 SOLUTIA, INC ............................... 118
2,200 SPARTECH CORP .............................. 59
1,000 STEPAN CO .................................. 23
1,200 * THERMOLASE CORP ............................ 3
800 TREDEGAR CORP .............................. 15
6,200 TUPPERWARE CORP ............................ 136
1,000 * U.S. PLASTIC LUMBER CORP ................... 4
600 * U.S.A. DETERGENTS, INC ..................... 2
7,800 UNION CARBIDE CORP ......................... 386
800 VALHI, INC ................................. 8
1,400 WELLMAN, INC ............................... 23
---------
28,233
---------
STEEL AND OTHER METALS--0.55%
74,880 ALCOA, INC ................................. 2,172
7,804 ALLEGHENY TECHNOLOGIES, INC ................ 140
300 * ALLTRISTA CORP ............................. 6
500 * ALPINE GROUP, INC .......................... 3
3,502 ARCH COAL, INC ............................. 27
1,332 BALL CORP .................................. 43
23,100 * BATTLE MOUNTAIN GOLD CO .................... 51
3,400 BELDEN, INC ................................ 87
9,300 * BETHLEHEM STEEL CORP ....................... 33
1,800 BUTLER MANUFACTURING CO .................... 31
1,650 * CABLE DESIGN TECHNOLOGIES CO ............... 55
2,700 CARPENTER TECHNOLOGY CORP .................. 57
800 CASTLE (A.M.) & CO ......................... 7
</TABLE>
See notes to financial statements.
7
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
STEEL AND OTHER METALS--(CONTINUED)
2,400 * CHART INDUSTRIES, INC ...................... $ 12
1,500 CLEVELAND CLIFFS, INC ...................... 39
5,400 COMMERCIAL METALS CO ....................... 149
300 COMMONWEALTH INDUSTRIES, INC ............... 2
5,900 CRANE CO ................................... 143
4,700 CROWN CORK & SEAL CO, INC .................. 71
6,300 ENGELHARD CORP ............................. 107
11,363 * FREEPORT-MCMORAN INC (CLASS B) ............. 105
2,100 GENERAL CABLE CORP ......................... 17
1,000 GIBRALTAR STEEL CORP ....................... 14
4,000 HARSCO CORP ................................ 102
7,500 HOMESTAKE MINING CO ........................ 52
2,100 IMCO RECYCLING, INC ........................ 11
1,500 INTERMET CORP .............................. 10
2,500 * LONE STAR TECHNOLOGIES, INC ................ 116
10,800 LTV CORP ................................... 31
2,200 MARK IV INDUSTRIES, INC .................... 46
200 MATTHEWS INTERNATIONAL CORP (CLASS A) ...... 6
1,300 * MAVERICK TUBE CORP ......................... 38
600 * MAXXAM, INC ................................ 11
1,900 METALS U.S.A., INC ......................... 9
4,100 * MUELLER INDUSTRIES, INC .................... 115
600 * NCI BUILDING SYSTEMS, INC .................. 12
15,400 NEWMONT MINING CORP ........................ 333
300 * NORTEK, INC ................................ 6
4,300 NUCOR CORP ................................. 143
1,100 OREGON STEEL MILLS, INC .................... 2
11,300 PARKER-HANNIFIN CORP ....................... 387
8,541 PHELPS DODGE CORP .......................... 318
40 PLACER DOME, INC (U.S.) .................... 0
1,800 PRECISION CAST PARTS CORP .................. 81
1,000 PRIMEX TECHNOLOGIES, INC ................... 22
2,700 QUANEX CORP ................................ 40
1,650 RELIANCE STEEL & ALUMINUM CO ............... 32
300 * RTI INTERNATIONAL METALS ................... 3
1,061 RYERSON TULL, INC .......................... 11
1,300 * SPS TECHNOLOGIES, INC ...................... 53
800 * STEEL DYNAMICS, INC ........................ 7
2,000 * STILLWATER MINING CO ....................... 56
824 SUPERIOR TELECOM, INC ...................... 8
2,600 TEXAS INDUSTRIES, INC ...................... 75
200 TITAN INTERNATIONAL, INC ................... 1
4,400 * TOWER AUTOMOTIVE, INC ...................... 55
11,700 USX-US STEEL GROUP, INC .................... 217
10,600 WORTHINGTON INDUSTRIES, INC ................ 111
-------
5,891
-------
PAPER AND FOREST PRODUCTS--0.77%
5,000 b* AMERICAN PAD & PAPER CO .................... 0
5,900 AVERY DENNISON CORP ........................ 396
2,400 BEMIS, INC ................................. 81
400 BOISE CASCADE CORP ......................... 10
6,100 BOWATER, INC ............................... 269
4,100 * BUCKEYE TECHNOLOGIES, INC .................. 90
1,400 CARAUSTAR INDUSTRIES, INC .................. 21
4,200 * CHAMPION ENTERPRISES, INC .................. 20
3,100 CHESAPEAKE CORP ............................ 92
8,407 CLAYTON HOMES, INC ......................... 67
2,900 CONSOLIDATED PAPERS, INC ................... 106
60 * CROWN VANTAGE, INC ......................... 0
1,600 * DAISYTEK INTERNATIONAL CORP ................ 15
1,242 DELTIC TIMBER CORP ......................... 27
4,300 * EARTHSHELL CORP ............................ 13
17,825 FORT JAMES CORP ............................ 412
10,000 GEORGIA-PACIFIC CORP (PACKING GROUP) ....... 263
3,400 GEORGIA-PACIFIC CORP (TIMBER GROUP) ........ 74
4,300 GLATFELTER (P.H.) CO ....................... 44
1,300 * GRAPHIC PACKAGING INTERNATIONAL CORP ....... 3
300 GREIF BROTHERS CORP (CLASS A) .............. 9
40,319 INTERNATIONAL PAPER CO ..................... 1,202
3,200 * IVEX PACKAGING CORP ........................ 36
41,162 KIMBERLY-CLARK CORP ........................ 2,362
2,800 LONGVIEW FIBRE CO .......................... 31
4,000 * MAIL-WELL, INC ............................. 35
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
5,100 MEAD CORP .................................. $ 129
350 * PALM HARBOR HOMES, INC ..................... 5
1,900 * PLAYTEX PRODUCTS, INC ...................... 21
989 POTLATCH CORP .............................. 33
1,100 RAYONIER, INC .............................. 39
300 REPUBLIC GROUP, INC ........................ 3
600 ROCK-TENN CO (CLASS A) ..................... 5
3,778 * SCHOOL SPECIALTY, INC ...................... 70
340 SCHWEITZER-MAUDUIT INTERNATIONAL, INC ...... 4
7,153 * SMURFIT-STONE CONTAINER CORP ............... 92
10,631 SONOCO PRODUCTS CO ......................... 219
4,800 ST. JOE CO ................................. 144
5,700 TEMPLE-INLAND, INC ......................... 239
3,400 * UNITED STATIONERS, INC ..................... 110
2,500 UNIVERSAL FOREST PRODUCTS, INC ............. 34
6,900 WAUSAU-MOSINEE PAPER CORP .................. 59
10,300 WESTVACO CORP .............................. 256
20,000 WEYERHAEUSER CO ............................ 860
10,700 WILLAMETTE INDUSTRIES, INC ................. 292
-------
8,292
-------
TOTAL BASIC INDUSTRIES ..................... 42,416
-------
BUSINESS SERVICES--1.09%
ADVERTISING AND OTHER SERVICES--1.09%
3,000 * 24/7 MEDIA, INC ............................ 47
2,200 AARON RENTS, INC ........................... 28
200 * ADMINSTAFF, INC ............................ 13
2,400 * ADVO, INC .................................. 101
700 * AHL SERVICES, INC .......................... 4
36 * AKAMAI TECHNOLOGIES, INC ................... 4
2,600 * ANSWERTHINK, INC ........................... 43
5,900 * APOLLO GROUP, INC (CLASS A) ................ 165
4,400 BLOCK (H&R), INC ........................... 142
1,700 * BRIGHT HORIZONS FAMILY SOLUTIONS, INC ...... 36
1,000 * BURNS INTERNATIONAL SERVICES CORP .......... 13
100 * CAREER EDUCATION CORP ...................... 5
1,200 * CARRIAGE SERVICES, INC (CLASS A) ........... 4
1,100 * CATALINA MARKETING CORP .................... 112
4,200 * CATALYTICA, INC ............................ 46
1,500 * CDI CORP ................................... 31
4,900 * CELGENE CORP ............................... 288
55,647 * CENDANT CORP ............................... 779
5,500 * CENTURY BUSINESS SERVICES, INC ............. 11
700 * CHARLES RIVER ASSOCIATES, INC .............. 12
2,700 * CHECKFREE HOLDINGS CORP .................... 139
6,750 CINTAS CORP ................................ 248
1,300 * CIRCLE.COM ................................. 5
16,665 * CMGI, INC .................................. 763
1,000 * COINSTAR, INC .............................. 10
5,500 * COVANCE, INC ............................... 48
600 CPI CORP ................................... 13
1,900 * CRITICAL PATH, INC ......................... 111
1,650 * CTC COMMUNICATIONS GROUP, INC .............. 59
5,800 * DEVRY, INC ................................. 153
1,000 * DIAMOND TECHNOLOGY PARTNERS, INC (CLASS A) . 88
7,100 * DOUBLECLICK, INC ........................... 271
13,300 DUN & BRADSTREET CORP ...................... 381
4,600 * EBAY, INC .................................. 250
800 * EDGEWATER TECHOLOGY, INC ................... 5
3,000 * EDUCATION MANAGEMENT CORP .................. 54
90 * EMERGE INTERACTIVE, INC .................... 2
5,500 * EMPLOYEE SOLUTIONS, INC .................... 2
900 * ENTREMED, INC .............................. 27
1,800 * F.Y.I., INC ................................ 61
1,700 FAIR ISSAC & CO, INC ....................... 75
2,700 * FIRST CONSULTING GROUP, INC ................ 15
700 G & K SERVICES, INC (CLASS A) .............. 18
4,603 GARTNER GROUP, INC (CLASS A) ............... 55
2,400 * GETTY IMAGES, INC .......................... 89
2,300 * HEARME.COM ................................. 10
100 * HEIDRICK & STRUGGLES INTERNATIONAL, INC .... 6
2,000 * INCTYE GENOMICS ............................ 164
450 * INSPIRE INSURANCE SOLUTIONS, INC ........... 1
2,500 * INTERIM SERVICES, INC ...................... 44
</TABLE>
See notes to financial statements.
8
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
ADVERTISING AND OTHER SERVICES--(CONTINUED)
80 * INTERNET CAPITAL GROUP, INC ................ $ 3
800 INTERPOOL, INC ............................. 8
23,269 INTERPUBLIC GROUP OF COS, INC .............. 1,001
400 * IT GROUP, INC .............................. 2
1,600 * ITT EDUCATIONAL SERVICES, INC .............. 28
300 * JACOBS ENGINEERING GROUP, INC .............. 10
64 * KANA COMMUNICATIONS, INC ................... 4
2,900 KELLY SERVICES, INC (CLASS A) .............. 67
2,400 * KFORCE.COM, INC ............................ 17
1,600 * KORN FERRY INTERNATIONAL ................... 51
3,750 * LABOR READY, INC ........................... 25
4,050 * LAMAR ADVERTISING CO (CLASS A) ............. 175
500 * LASON, INC ................................. 1
800 * LEARNING TREE INTERNATIONAL, INC ........... 49
6,500 MANPOWER, INC .............................. 208
8,195 * MARCHFIRST, INC ............................ 150
1,300 * MARKETING SERVICES GROUP ................... 6
1,400 * MAXIMUS, INC ............................... 31
700 MCGRATH RENTCORP ........................... 12
500 * MEDIA METRIX, INC .......................... 13
1,300 * MEMBERWORKS, INC ........................... 44
4,600 * MESSAGEMEDIA, INC .......................... 16
1,000 * MODEM MEDIA, INC ........................... 12
7,283 * MODIS PROFESSIONAL SERVICES, INC ........... 56
2,500 * NAVIGANT CONSULTING CO ..................... 11
3,400 * NBC INTERNET, INC .......................... 43
2,100 * NEFF CORP .................................. 8
17,000 b* NEUROMEDICAL SYSTEMS, INC .................. 2
4,600 * NOVA CORP (GEORGIA) ........................ 129
15,100 OMNICOM GROUP, INC ......................... 1,345
1,400 * ON ASSIGNMENT, INC ......................... 43
95 * OPUS360 CORP ............................... 0
600 * PEGASUS SOLUTIONS, INC ..................... 7
1,900 * PERSONNEL GROUP OF AMERICA, INC ............ 6
300 * PHARMACEUTICAL PRODUCT DEVELOPMENT, INC .... 6
5,181 PITTSTON BRINKS GROUP CO ................... 71
2,100 * PREPAID LEGAL SERVICES, INC ................ 63
200 * PROBUSINESS SERVICES, INC .................. 5
2,050 * PROFIT RECOVERY GROUP INTERNATIONAL, INC ... 34
900 * PROVANT, INC ............................... 5
7,897 * QUINTILES TRANSNATIONAL CORP ............... 112
1,000 * REDBACK NETWORKS, INC ...................... 178
2,050 REGIS CORP ................................. 26
1,400 * RENAISSANCE WORLDWIDE, INC ................. 2
1,900 * RENT WAY, INC .............................. 55
1,200 * RENT-A-CENTER, INC ......................... 27
10,800 * ROBERT HALF INTERNATIONAL, INC ............. 308
3,100 ROLLINS, INC ............................... 46
4,600 b* SAFETY-KLEEN CORP .......................... 0
17,400 SERVICE CORP INTERNATIONAL, INC ............ 55
25,100 SERVICEMASTER CO ........................... 286
12,500 * SITEL CORP ................................. 62
5,000 * SNYDER COMMUNICATIONS, INC ................. 119
1,200 SOTHEBY'S HOLDINGS, INC (CLASS A) .......... 21
2,700 * STAFF LEASING, INC ......................... 10
400 b* STONE & WEBSTER, INC ....................... 0
1,000 * SUPERIOR CONSULTANT HOLDINGS CORP .......... 5
3,550 * SYLVAN LEARNING SYSTEMS, INC ............... 49
1,300 TEJON RANCH CO ............................. 29
1,900 * TELETECH HOLDINGS, INC ..................... 59
3,193 * TETRA TECH, INC ............................ 73
2,600 * THEGLOBE.COM, INC .......................... 4
6,000 * TMP WORLDWIDE, INC ......................... 443
3,800 TRUE NORTH COMMUNICATIONS, INC ............. 167
1,400 UNIFIRST CORP .............................. 11
4,070 * UNITED RENTALS, INC ........................ 70
2,000 * URS CORP ................................... 31
95 * US INTERACTIVE, INC ........................ 1
4,800 * VALASSIS COMMUNICATIONS, INC ............... 183
3,500 * VALENCE TECHNOLOGY, INC .................... 65
6,400 * VERTICALNET, INC ........................... 236
2,000 * WACKENHUT CORP SERIES A .................... 26
700 * WEST TELESERVICES CORP ..................... 18
500 * XCEED, INC ................................. 5
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
2,000 * XTRA CORP .................................. $ 79
1,100 YOUNG & RUBICAM, INC ....................... 63
---------
11,742
---------
TOTAL BUSINESS SERVICES .................... 11,742
---------
CONSTRUCTION AND REAL ESTATE--2.13%
BUILDING MATERIALS--1.82%
7,000 AMCOL INTERNATIONAL CORP ................... 116
300 APOGEE ENTERPRISES, INC .................... 1
1,600 CENTEX CONSTRUCTION PRODUCTS, INC .......... 36
400 * COMFORT SYSTEMS U.S.A., INC ................ 2
225 * COORSTEK, INC .............................. 10
21,296 CORNING, INC ............................... 5,747
500 * DEPARTMENT 56, INC ......................... 6
900 * DUPONT PHOTOMASKS, INC ..................... 62
2,750 ELCOR CORP ................................. 63
300 * EMCOR GROUP, INC ........................... 7
496 * ENCOMPASS SERVICES CORP .................... 3
1,950 FERRO CORP ................................. 41
800 FLORIDA ROCK INDUSTRIES, INC ............... 29
180,350 HOME DEPOT, INC ............................ 9,006
4,058 LAFARGE CORP ............................... 85
2,700 LIBBEY, INC ................................ 87
3,700 LILLY INDUSTRIES, INC (CLASS A) ............ 111
29,300 LOWES COS, INC ............................. 1,203
4,700 MARTIN MARIETTA MATERIALS, INC ............. 190
40,600 MASCO CORP ................................. 733
5,600 OWENS CORNING CO ........................... 52
12,000 * OWENS ILLINOIS, INC ........................ 140
15,900 PPG INDUSTRIES, INC ........................ 705
5,250 * QUANTA SERVICES, INC ....................... 289
8,831 RPM, INC ................................... 89
15,300 SHERWIN-WILLIAMS CO ........................ 324
1,620 SOUTHDOWN, INC ............................. 94
1,000 USG CORP ................................... 30
3,700 VALSPAR CORP ............................... 125
4,900 VULCAN MATERIALS CO ........................ 209
---------
19,595
---------
CONSTRUCTION--0.24%
6,000 CENTEX CORP ................................ 141
400 * CROSSMAN COMMUNITIES, INC .................. 7
2,550 * DYCOM INDUSTRIES, INC ...................... 117
9,300 FLUOR CORP ................................. 294
500 FOSTER WHEELER CORP ........................ 4
450 GRANITE CONSTRUCTION, INC .................. 11
2,100 HILLENBRAND INDUSTRIES, INC ................ 66
5,600 HON INDUSTRIES, INC ........................ 132
4,300 HORTON (D.R.), INC ......................... 58
3,600 * INSITUFORM TECHNOLOGIES, INC (CLASS A) ..... 98
2,300 KAUFMAN & BROAD HOME CORP .................. 46
4,800 KIMBALL INTERNATIONAL, INC (CLASS B) ....... 71
6,300 * LEAR CORP .................................. 126
1,900 LENNAR CORP ................................ 38
2,850 * MASTEC, INC ................................ 109
6,400 MILLER (HERMAN), INC ....................... 166
26,200 NEWELL RUBBERMAID, INC ..................... 675
700 * NVR, INC ................................... 40
3,200 PULTE CORP ................................. 69
2,500 RYLAND GROUP, INC .......................... 55
2,400 STANDARD-PACIFIC CORP ...................... 24
3,600 STEELCASE, INC ............................. 61
3,100 * TOLL BROTHERS, INC ......................... 64
12,550 U.S. INDUSTRIES, INC ....................... 152
200 * WEBB (DEL) CORP ............................ 3
---------
2,627
---------
REAL ESTATE--0.07%
9,900 ARDEN REALTY GROUP, INC ............. 233
100 * AVATAR HOLDINGS, INC ................ 2
2,466 * CASTLE & COOKE, INC ................. 48
4,400 * CATELLUS DEVELOPMENT CORP ........... 66
2,300 * CB RICHARD ELLIS SERVICES GROUP, INC 21
2,200 * FAIRFIELD COMMUNITIES, INC .......... 17
900 FOREST CITY ENTERPRISES, INC (CLASS A) 30
1,033 * INSIGNIA FINANCIAL GROUP, INC ....... 10
</TABLE>
See notes to financial statements.
9
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
REAL ESTATE--(CONTINUED)
400 * JONES LANG LA SALLE ...................... $ 5
300 LNR PROPERTY CORP ........................ 6
4,300 * PINNACLE HOLDINGS, INC ................... 232
3,800 STEWART ENTERPRISES, INC (CLASS A) ....... 13
1,200 * TRAMMELL CROW CO ......................... 13
---------
696
---------
TOTAL CONSTRUCTION AND REAL ESTATE ....... 22,918
---------
CONSUMER DURABLE--9.10%
HOME APPLIANCES AND FURNISHINGS--8.54%
900 * ACTEL CORP ............................... 41
1,100 * ADVANCED ENERGY INDUSTRIES, INC .......... 65
13,400 * ADVANCED MICRO DEVICES, INC .............. 1,035
3,200 * ALLIANCE SEMICONDUCTOR CORP .............. 79
2,600 * ALPHA INDUSTRIES, INC .................... 115
14,100 * ALTERA CORP .............................. 1,437
11,100 * AMERICAN POWER CONVERSION CORP ........... 453
2,000 * AMERICAN SUPERCONDUCTOR CORP ............. 97
1,000 * AMERICAN XTAL TECHNOLOGY, INC ............ 43
8,400 * AMKOR TECHNOLOGY, INC .................... 297
2,600 * AMPHENOL CORP (CLASS A) .................. 172
2,400 * ANADIGICS, INC ........................... 82
29,500 * ANALOG DEVICES, INC ...................... 2,242
800 b* APPLIED MAGNETICS CORP ................... 0
9,000 * APPLIED MICRO CIRCUITS CORP .............. 889
4,000 * ARTESYN TECHNOLOGIES, INC ................ 111
16,900 * ATMEL CORP ............................... 623
6,400 AVX CORP ................................. 147
8,800 * BED BATH & BEYOND, INC ................... 319
700 * BENCHMARK ELECTRONICS, INC ............... 26
8,000 BMC INDUSTRIES, INC ...................... 33
3,200 * BOMBAY, INC .............................. 9
8,400 * BROADCOM CORP (CLASS A) .................. 1,839
3,325 * BURR BROWN CORP .......................... 288
800 BUSH INDUSTRIES, INC (CLASS A) ........... 13
1,100 * CATAPULT COMMUNICATIONS CORP ............. 11
13,498 * CONEXANT SYSTEMS, INC .................... 656
1,900 * CREE, INC ................................ 254
2,500 CTS CORP ................................. 113
8,400 * CYPRESS SEMICONDUCTOR CORP ............... 355
3,200 DALLAS SEMICONDUCTOR CORP ................ 130
900 * EMCORE CORP .............................. 108
3,300 * ESS TECHNOLOGY, INC ...................... 48
2,100 * E-TEK DYNAMICS, INC ...................... 554
3,400 ETHAN ALLEN INTERIORS, INC ............... 82
1,800 * EXAR CORP ................................ 157
4,200 * FURNITURE BRANDS INTERNATIONAL, INC ...... 64
1,625 * GENERAL SEMICONDUCTOR, INC ............... 24
86,378 GILLETTE CO .............................. 3,018
1,935 HARMAN INTERNATIONAL INDUSTRIES, INC ..... 118
2,800 HAVERTY FURNITURE COS, INC ............... 24
5,100 HEILIG MEYERS CO ......................... 6
2,300 HELIX TECHNOLOGY CORP .................... 90
600 * HI/FN, INC ............................... 27
1,100 * HUTCHINSON TECHNOLOGY, INC ............... 16
700 INNOVEX, INC ............................. 7
6,600 * INTEGRATED DEVICE TECHNOLOGY, INC ........ 395
264,698 INTEL CORP ............................... 35,387
1,600 * INTERNATIONAL RECTIFIER CORP ............. 90
7,900 * JABIL CIRCUIT, INC ....................... 392
47,338 * JDS UNIPHASE CORP ........................ 5,675
9,600 * KEMET CORP ............................... 241
1,900 * KOPIN CORP ............................... 132
2,800 * LASERSIGHT, INC .......................... 11
4,200 * LATTICE SEMICONDUCTOR CORP ............... 290
2,700 LA-Z-BOY, INC ............................ 38
10,100 LEGGETT & PLATT, INC ..................... 167
22,200 LINEAR TECHNOLOGY CO ..................... 1,419
3,600 * LINENS' N THINGS, INC .................... 98
23,300 * LSI LOGIC CORP ........................... 1,261
21,300 * MAXIM INTEGRATED PRODUCTS, INC ........... 1,447
8,600 MAYTAG CO ................................ 317
3,900 * MEMC ELECTRONIC MATERIALS, INC ........... 70
700 METHODE ELECTRONICS, INC (CLASS A) ....... 27
3,600 * MICREL, INC .............................. 156
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
7,537 * MICROCHIP TECHNOLOGY, INC ................ $ 439
34,200 * MICRON TECHNOLOGY, INC ................... 3,012
582 * MIPS TECHNOLOGIES, INC (CLASS B) ......... 22
2,800 * MMC NETWORKS, INC ........................ 150
7,671 MOLEX, INC ............................... 369
3,400 * MRV COMMUNICATIONS, INC .................. 229
14,900 * NATIONAL SEMICONDUCTOR CORP .............. 846
3,700 * NEOMAGIC CORP ............................ 11
3,600 * NVIDIA CORP .............................. 229
1,100 PARK ELECTROCHEMICAL CORP ................ 40
500 * PARKERVISION, INC ........................ 25
1,300 * PHOTRONICS, INC .......................... 37
8,000 PIER1 IMPORTS, INC ....................... 78
1,700 * PLEXUS CORP .............................. 192
800 * PLX TECHNOLOGY, INC ...................... 33
11,200 * PMC-SIERRA, INC .......................... 1,990
1,400 * POWER INTEGRATIONS, INC .................. 33
1,250 * POWER-ONE, INC ........................... 142
5,400 * QLOGIC CORP .............................. 357
5,600 * RAMBUS, INC .............................. 577
11,900 * READ RITE CORP ........................... 26
1,100 * REMEC, INC ............................... 46
3,800 * RF MICRO DEVICES, INC .................... 333
3,200 * S3, INC .................................. 47
750 * SALTON, INC .............................. 28
10,800 * SANMINA CORP ............................. 923
2,200 * SAWTEK, INC .............................. 127
11,200 * SCI SYSTEMS, INC ......................... 439
5,200 * SDL, INC ................................. 1,483
2,800 * SEMTECH CORP ............................. 214
900 * SILICONIX, INC ........................... 61
600 * SIMPSON MANUFACTURING CO, INC ............ 29
1,000 * SIPEX CORP ............................... 28
5,600 SNAP-ON, INC ............................. 149
38,536 * SOLECTRON CORP ........................... 1,614
3,900 STANLEY WORKS CO ......................... 93
10,200 * SUNBEAM CORP ............................. 35
1,600 TECHNITROL, INC .......................... 155
128,016 TEXAS INSTRUMENTS, INC ................... 8,793
3,400 * TITAN CORP ............................... 152
3,200 * TRANSWITCH CORP .......................... 247
2,400 * TRIQUINT SEMICONDUCTOR, INC .............. 230
2,400 * VARIAN SEMICONDUCTOR EQUIPMENT
ASSOCIATES,INC ......................... 151
10,800 * VISHAY INTERTECHNOLOGY, INC .............. 410
12,100 * VITESSE SEMICONDUCTOR CORP ............... 890
7,600 WHIRLPOOL CORP ........................... 354
5,400 * WILLIAMS-SONOMA, INC ..................... 175
21,200 * XILINX, INC .............................. 1,750
2,400 * ZOMAX, INC ............................... 32
---------
91,755
---------
TEXTILE APPAREL AND ACCESSORIES--0.56%
3,040 * ALBANY INTERNATIONAL CORP (CLASS A) NEW .. 44
2,200 * AMERICAN EAGLE OUTFITTERS, INC ........... 31
1,000 * ANN TAYLOR STORES CORP ................... 33
2,800 BROWN SHOE CO, INC ....................... 36
500 * BUCKLE, INC .............................. 6
620 BURLINGTON COAT FACTORY WAREHOUSE CORP ... 7
500 * BURLINGTON INDUSTRIES, INC ............... 1
2,800 CATO CORP (CLASS A) ...................... 33
7,400 * CHARMING SHOPPES, INC .................... 38
700 * CHICO'S FAS, INC ......................... 14
2,100 * CHILDREN'S PLACE RETAIL STORES, INC ...... 43
2,000 CLAIRE'S STORES, INC ..................... 39
2,400 * COLLINS & AIKMAN CORP .................... 12
300 * COLUMBIA SPORTSWEAR CO ................... 8
1,700 * DAN RIVER, INC (CLASS A) ................. 8
2,500 * FINISH LINE, INC (CLASS A) ............... 20
2,200 * FOOTSTAR, INC ............................ 73
2,100 * FOSSIL, INC .............................. 41
48,012 GAP, INC ................................. 1,500
20,000 * GENESCO, INC ............................. 321
1,300 * GLOBAL SPORTS, INC ....................... 8
400 * GOODYS FAMILY CLOTHING, INC .............. 2
</TABLE>
See notes to financial statements.
10
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
TEXTILE APPAREL AND ACCESSORIES--(CONTINUED)
500 * GYMBOREE CORP ............................ $ 2
3,400 INTERFACE, INC (CLASS A) ................. 13
5,200 INTIMATE BRANDS, INC (CLASS A) ........... 103
6,202 * JONES APPAREL GROUP, INC ................. 146
50 b* JUST FOR FEET, INC ....................... 0
300 KELLWOOD CO .............................. 6
300 * KENNETH COLE PRODUCTIONS, INC ............ 12
200 K-SWISS, INC (CLASS A) ................... 3
30,102 LIMITED, INC ............................. 651
6,500 LIZ CLAIBORNE, INC ....................... 229
1,050 * MEN'S WEARHOUSE, INC ..................... 23
4,200 * MOHAWK INDUSTRIES, INC ................... 91
1,500 MOVADO GROUP, INC ........................ 18
1,600 * NAUTICA ENTERPRISES, INC ................. 17
4,200 NIKE, INC (CLASS B) ...................... 167
10,000 NORDSTROM, INC ........................... 241
2,400 ONEIDA LTD ............................... 43
1,400 OSHKOSH B'GOSH, INC (CLASS A) ............ 23
400 OXFORD INDUSTRIES, INC ................... 7
50 * PACIFIC SUNWEAR CALIFORNIA, INC .......... 1
2,846 * PAYLESS SHOESOURCE, INC .................. 146
4,100 * POLO RALPH LAUREN CORP ................... 58
3,800 POLYMER GROUP, INC ....................... 35
2,800 * QUIKSILVER, INC .......................... 44
2,700 * REEBOK INTERNATIONAL LTD ................. 43
11,900 ROSS STORES, INC ......................... 203
3,000 RUSSELL CORP ............................. 60
679 * SAMSONITE CORP ........................... 3
9,120 SHAW INDUSTRIES, INC ..................... 114
200 * SHOE CARNIVAL, INC ....................... 1
1,700 SPRING INDUSTRIES, INC ................... 54
700 * STEIN MART, INC .......................... 7
5,400 STRIDE RITE CORP ......................... 33
1,800 TALBOTS, INC ............................. 99
2,100 * TIMBERLAND CO ............................ 149
29,300 TJX COS, INC ............................. 549
1,207 * TOO, INC ................................. 31
2,200 * UNIFI, INC ............................... 27
300 * URBAN OUTFITTERS, INC .................... 3
5,700 V.F. CORP ................................ 136
5,500 WARNACO GROUP, INC (CLASS A) ............. 43
4,100 WESTPOINT STEVENS, INC ................... 46
1,100 * WET SEAL, INC (CLASS A) .................. 14
125 WOLVERINE WORLD WIDE, INC ................ 1
---------
6,013
---------
TOTAL CONSUMER DURABLE 97,768
---------
ENERGY--4.58%
OIL, GAS AND OTHER ENERGY SERVICES--4.58%
7,900 AMERADA HESS CORP ........................ 488
9,300 ANADARKO PETROLEUM CORP .................. 459
9,700 APACHE CORP .............................. 570
3,800 ASHLAND, INC ............................. 133
1,400 * ATWOOD OCEANICS, INC ..................... 62
2,100 * BARNETT RESOURCES CORP ................... 64
1,100 * BASIN EXPLORATION, INC ................... 20
1,200 * BELCO OIL & GAS CORP ..................... 10
6,800 * BJ SERVICES CO ........................... 425
4,200 * BROWN (TOM), INC ......................... 97
13,749 BURLINGTON RESOURCES, INC ................ 526
700 CABOT OIL & GAS CORP (CLASS A) ........... 15
700 * CAL DIVE INTERNATIONAL, INC .............. 38
12,800 * CHESAPEAKE ENERGY CORP ................... 99
52,900 CHEVRON CORP ............................. 4,487
53,152 CONOCO, INC (CLASS B) .................... 1,306
1,100 * CONTOUR ENERGY CO ........................ 2
5,425 CROSS TIMBERS OIL CO ..................... 120
3,347 DEVON ENERGY CORP (NEW) .................. 188
2,100 DIAMOND OFFSHORE DRILLING, INC ........... 74
231 b* EAGLE GEOPHYSICAL, INC ................... 0
7,149 * EEX CORP ................................. 42
54,422 ENRON CORP ............................... 3,510
14,200 ENSCO INTERNATIONAL, INC ................. 509
8,800 EOG RESOURCES, INC ....................... 295
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
273,757 EXXON MOBIL CORP ......................... $ 21,490
1,400 * FORCENERGY GAS EXPLORATION, INC .......... 1
4,900 * FOREST OIL CORP .......................... 78
2,866 * FRIEDE GOLDMAN HALTER, INC ............... 26
4,800 * GLOBAL INDUSTRIES LTD .................... 91
12,400 * GLOBAL MARINE, INC ....................... 350
18,700 * GREY WOLF, INC ........................... 94
32,132 HALLIBURTON CO ........................... 1,516
3,000 * HANOVER COMPRESSOR CO .................... 114
14,000 * HARKEN ENERGY CORP ....................... 9
2,300 HELMERICH & PAYNE, INC ................... 86
500 * HOUSTON EXPLORATION CO ................... 13
2,100 * HS RESOURCES, INC ........................ 63
1,900 b* KCS ENERGY, INC .......................... 3
5,647 KERR-MCGEE CORP .......................... 333
8,800 * KEY ENERGY SERVICES, INC ................. 85
2,500 * LOUIS DREYFUS NATURAL GAS CORP ........... 78
8,800 * MARINE DRILLING CO, INC .................. 246
1,263 * MCMORAN EXPLORATION CO ................... 21
1,700 * MERIDIAN RESOURCE CORP ................... 10
900 MITCHELL ENERGY & DEVELOPMENT
CORP (CLASS A) ......................... 29
5,200 MURPHY OIL CORP .......................... 309
7,200 * NABORS INDUSTRIES, INC ................... 299
2,200 * NEWFIELD EXPLORATION CO .................. 86
7,200 NOBLE AFFILIATES, INC .................... 268
10,100 * NOBLE DRILLING CORP ...................... 416
2,800 * NUEVO ENERGY CO .......................... 53
34,700 OCCIDENTAL PETROLEUM CORP ................ 731
19,800 * OCEAN ENERGY, INC (NEW) .................. 281
2,100 * OCEANEERING INTERNATIONAL, INC ........... 40
11,800 * PARKER DRILLING CO ....................... 73
3,700 * PATTERSON ENERGY, INC .................... 105
3,940 PENNZOIL-QUAKER STATE CO ................. 48
19,200 PHILLIPS PETROLEUM CO .................... 973
12,000 * PIONEER NATURAL RESOURCES CO ............. 153
1,200 * PLAINS RESOURCES, INC .................... 19
2,100 POGO PRODUCING CO ........................ 46
4,200 * PRIDE INTERNATIONAL, INC ................. 104
13,400 * R & B FALCON CORP ........................ 316
10,200 * ROWAN COS, INC ........................... 310
700 RPC, INC ................................. 7
12,000 * SANTA FE SNYDER CORP ..................... 137
16 SCHLUMBERGER LTD ......................... 1
2,600 * SEITEL, INC .............................. 21
1,200 ST. MARY LAND & EXPLORATION CO ........... 50
1,500 * STONE ENERGY CORP ........................ 90
11,000 SUNOCO, INC .............................. 324
4,700 * SYNTROLEUM CORP .......................... 80
600 * TESORO PETROLEUM CORP .................... 6
43,716 TEXACO, INC .............................. 2,328
13,048 TOSCO CORP ............................... 369
486 * TOTAL FINA WTS 08/05/03 .................. 17
13 * TRANSTEXAS GAS CORP (CLASS A) ............ 0
7,226 ULTRAMAR DIAMOND SHAMROCK CORP ........... 179
15,414 UNION PACIFIC RESOURCES GROUP, INC ....... 339
21,859 UNOCAL CORP .............................. 724
28,600 USX-MARATHON GROUP, INC .................. 717
900 * UTI ENERGY CORP .......................... 36
7,600 VALERO ENERGY CORP ....................... 241
9,485 * VARCO INTERNATIONAL, INC (NEW) ........... 221
2,500 * VERITAS DGC, INC ......................... 65
1,900 VINTAGE PETROLEUM, INC ................... 43
1,100 WD-40 CO ................................. 23
7,330 * WEATHERFORD INTERNATIONAL, INC ........... 292
---------
TOTAL ENERGY ............................. 49,215
---------
FINANCE--13.95%
BANKS, SAVINGS AND LOANS--6.54%
4,700 AMCORE FINANCIAL, INC .................... 86
25,253 AMSOUTH BANCORP .......................... 398
10,054 ASSOCIATED BANC-CORP ..................... 219
4,645 ASTORIA FINANCIAL CORP ................... 120
600 BANCFIRST CORP ........................... 19
</TABLE>
SEE NOTES TO FINANCIAL STATEMENTS.
11
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
BANKS, SAVINGS AND LOANS--(CONTINUED)
900 BANCFIRST OHIO CORP ........................ $ 15
7,500 BANCORPSOUTH, INC .......................... 105
8,400 BANCWEST CORP .............................. 138
133,895 BANK OF AMERICA CORP ....................... 5,757
56,500 BANK OF NEW YORK CO, INC ................... 2,627
86,533 BANK ONE CORP .............................. 2,299
2,800 BANK UNITED CORP (CLASS A) ................. 99
120 BANKATLANTIC BANCORP, INC (CLASS A) ........ 0
800 BANKATLANTIC BANCORP, INC (CLASS B) ........ 5
11,278 BANKNORTH GROUP, INC ....................... 173
3,300 BAY VIEW CAPITAL CORP ...................... 32
29,022 BB&T CORP .................................. 693
2,090 BRENTON BANKS, INC ......................... 29
900 BROOKLINE BANCORP, INC ..................... 10
1,000 BSB BANCORP, INC ........................... 20
1,050 BT FINANCIAL CORP .......................... 18
800 CATHAY BANCORP, INC ........................ 37
5,800 CCB FINANCIAL CORP ......................... 215
508 * CENTENNIAL BANCORP ......................... 4
1,100 CENTURA BANKS, INC ......................... 37
12,102 CHARTER ONE FINANCIAL, INC ................. 278
95,610 CHASE MANHATTAN CORP ....................... 4,404
525 CHEMICAL FINANCIAL CORP .................... 14
2,400 CHITTENDEN CORP ............................ 59
268,294 CITIGROUP, INC ............................. 16,165
2,521 CITIZENS BANKING CORP (MICHIGAN) ........... 41
88 CITY HOLDINGS CO ........................... 1
5,200 CITY NATIONAL CORP ......................... 181
6,000 COLONIAL BANCGROUP, INC .................... 54
15,000 COMERICA, INC .............................. 673
503 COMMERCE BANCORP, INC ...................... 23
6,339 COMMERCE BANCSHARES, INC ................... 189
2,850 COMMERCIAL FEDERAL CORP .................... 44
6,800 COMMUNITY FIRST BANKSHARES, INC ............ 111
1,694 COMMUNITY TRUST BANCORP, INC ............... 30
8,550 COMPASS BANCSHARES, INC .................... 146
400 CORUS BANKSHARES, INC ...................... 11
7,500 CULLEN FROST BANKERS, INC .................. 197
10,200 DIME BANCORP, INC .......................... 161
2,000 DIME COMMUNITY BANCORP, INC ................ 33
330 DOWNEY FINANCIAL CORP ...................... 10
600 FARMERS CAPITAL BANK CORP .................. 18
17,514 FIFTH THIRD BANCORP ........................ 1,108
300 FIRST BANCORP (PUERTO RICO) ................ 6
100 FIRST CITIZENS BANCSHARES, INC (CLASS A) ... 6
111 FIRST FINANCIAL BANCORP .................... 2
1,500 FIRST INDIANA CORP ......................... 30
100 * FIRST REPUBLIC BANK ........................ 2
18,400 FIRST SECURITY CORP ........................ 250
400 FIRST SENTINEL BANCORP, INC ................ 3
8,200 FIRST TENNESSEE NATIONAL CORP .............. 136
81,737 FIRST UNION CORP ........................... 2,028
3,300 FIRST VIRGINIA BANKS, INC .................. 115
1,500 FIRST WASHINGTON BANCORP, INC .............. 21
1,200 * FIRSTFED FINANCIAL CORP .................... 17
3,300 FIRSTMERIT CORP ............................ 71
68,489 FLEETBOSTON FINANCIAL CORP ................. 2,329
1,600 FRONTIER FINANCIAL CORP .................... 29
9,553 FULTON FINANCIAL CORP ...................... 169
800 GBC BANCORP ................................ 23
200 GOLD BANC CORP, INC ........................ 1
10,500 * GOLDEN STATE BANCORP, INC .................. 189
3,400 * GOLDEN STATE BANCORP, INC WTS 01/01/01 ..... 4
10,000 GOLDEN WEST FINANCIAL CORP ................. 408
300 GREATER BAY BANCORP ........................ 14
7,300 GREENPOINT FINANCIAL CORP .................. 137
1,200 * HAMILTON BANCORP, INC ...................... 21
1,000 HANCOCK HOLDINGS CO ........................ 34
1,200 HARRIS FINANCIAL, INC ...................... 7
14,358 HIBERNIA CORP (CLASS A) .................... 156
6,594 HUDSON UNITED BANCORP ...................... 148
16,123 HUNTINGTON BANCSHARES, INC ................. 255
4,687 * IMPERIAL BANCORP ........................... 73
8,900 INDEPENDENCE COMMUNITY BANK CORP ........... 118
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
1,845 INDEPENDENT BANK CORP ...................... $ 21
250 INTERNATIONAL BANCSHARES CORP .............. 8
250 INTERWEST BANCORP, INC ..................... 4
500 IRWIN FINANCIAL CORP ....................... 7
39,460 KEYCORP .................................... 695
1,250 KEYSTONE FINANCIAL, INC .................... 27
1,000 * LOCAL FINANCIAL CORP ....................... 8
790 M & T BANK CORP ............................ 356
75 MAF BANCORP, INC ........................... 1
7,759 MARSHALL & ILSLEY CORP ..................... 322
58,955 MBNA CORP .................................. 1,599
34,600 MELLON FINANCIAL CORP ...................... 1,261
1,955 MERCANTILE BANKSHARES CORP ................. 58
600 MERCHANTS NEW YORK BANCORP, INC ............ 10
1,000 MIDWEST BANC HOLDINGS, INC ................. 14
14,400 MORGAN (J.P.) & CO, INC .................... 1,586
2,200 NATIONAL BANCORP OF ALASKA, INC ............ 79
53,336 NATIONAL CITY CORP ......................... 910
3,000 NATIONAL COMMERCE BANCORP .................. 48
9,048 NORTH FORK BANCORP, INC .................... 137
16,600 NORTHERN TRUST CORP ........................ 1,080
2,100 OCEANFIRST FINANCIAL CORP .................. 39
7,228 OLD KENT FINANCIAL CORP .................... 193
2,353 OLD NATIONAL BANCORP ....................... 69
193 ONE VALLEY BANCORP, INC .................... 6
1,100 PACIFIC CAPITAL BANCORP .................... 28
9,400 PACIFIC CENTURY FINANCIAL CORP ............. 137
945 PARK NATIONAL CORP ......................... 86
2,700 PFF BANCORP, INC ........................... 49
21,150 PNC FINANCIAL SERVICES GROUP, INC .......... 991
15,398 POPULAR, INC ............................... 294
420 PROVIDENT BANKSHARES CORP .................. 6
3,500 PROVIDENT FINANCIAL GROUP .................. 83
12,400 PROVIDIAN FINANCIAL CORP ................... 1,116
350 QUEENS COUNTY BANCORP, INC ................. 6
15,459 REGIONS FINANCIAL CORP ..................... 307
5,722 REPUBLIC BANCORP, INC ...................... 51
900 REPUBLIC SECURITY FINANCIAL CORP ........... 5
800 RICHMOND COUNTY FINANCIAL CORP ............. 15
1,500 RIGGS NATIONAL CORP ........................ 19
5,600 ROSLYN BANCORP, INC ........................ 93
100 S & T BANCORP, INC ......................... 2
3,700 * S1 CORP .................................... 86
800 SANDY SPRING BANCORP, INC .................. 16
1,900 * SILICON VALLEY BANCSHARES .................. 81
100 SIMMONS FIRST NATIONAL CORP (CLASS A) ...... 2
9,452 SKY FINANCIAL GROUP, INC ................... 151
300 SOUTH FINANCIAL GROUP, INC ................. 4
12,750 SOUTHTRUST CORP ............................ 288
300 * SOUTHWEST BANCORP OF TEXAS, INC ............ 6
10,260 SOVEREIGN BANCORP, INC ..................... 72
13,700 STATE STREET CORP .......................... 1,453
4,100 STATEN ISLAND BANCORP, INC ................. 72
625 STERLING FINANCIAL CORP .................... 12
17,067 SUMMIT BANCORP ............................. 420
27,162 SUNTRUST BANKS, INC ........................ 1,241
6,350 SUSQUEHANNA BANCSHARES, INC ................ 90
15,700 SYNOVUS FINANCIAL CORP ..................... 277
11,700 TCF FINANCIAL CORP ......................... 301
2,500 TEXAS REGIONAL BANCSHARES, INC (CLASS A) ... 63
2,400 TRUST CO OF NEW JERSEY ..................... 44
7,600 TRUSTMARK CORP ............................. 133
55,136 U.S. BANCORP ............................... 1,061
2,750 UMB FINANCIAL CORP ......................... 90
13,050 UNION PLANTERS CORP ........................ 365
5,673 UNIONBANCAL CORP ........................... 105
200 UNITED BANKSHARES, INC ..................... 4
7,268 VALLEY NATIONAL BANCORP .................... 177
900 W HOLDING CO, INC .......................... 7
17,236 WACHOVIA CORP .............................. 935
9,342 WASHINGTON FEDERAL, INC .................... 170
47,822 WASHINGTON MUTUAL, INC ..................... 1,381
400 WASHINGTON TRUST BANCORP, INC .............. 6
5,100 WEBSTER FINANCIAL CORP ..................... 113
129,262 WELLS FARGO CO ............................. 5,009
</TABLE>
SEE NOTES TO FINANCIAL STATEMENTS.
12
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
BANKS, SAVINGS AND LOANS--(CONTINUED)
2,640 WEST COAST BANCORP (OREGON) ................ $ 26
1,100 WESTAMERICA BANCORP ........................ 29
1,400 WHITNEY HOLDINGS CORP ...................... 48
4,100 ZIONS BANCORP .............................. 188
---------
70,260
---------
CREDIT AND OTHER FINANCE--2.61%
4,133 * ACNEILSEN CORP ............................. 91
3,425 ADVANTA CORP (CLASS A) ..................... 42
3,300 ALLIED CAPITAL CORP ........................ 56
3,900 AMB PROPERTY CORP .......................... 89
500 * AMERCO ..................................... 10
103,300 AMERICAN EXPRESS CO ........................ 5,385
5,200 * AMERICREDIT CORP ........................... 88
1,800 AMLI RESIDENTIAL PROPERTIES TRUST .......... 42
8,145 APARTMENT INVESTMENT & MANAGEMENT CO ....... 352
12,100 ARCHSTONE COMMUNITIES TRUST ................ 255
6,800 * ASSOCIATES FIRST CAPITAL RESIDUAL VALUE .... 0
61,816 ASSOCIATES FIRST CAPITAL CORP .............. 1,379
2,900 AVALONBAY COMMUNITIES, INC ................. 121
3,900 BEDFORD PROPERTY INVESTORS, INC ............ 72
8,700 BOSTON PROPERTIES, INC ..................... 336
3,400 BOYKIN LODGING CO .......................... 46
631 BRADLEY REAL ESTATE, INC ................... 13
3,600 BRANDYWINE REALTY TRUST .................... 69
2,400 BURNHAM PACIFIC PROPERTIES, INC ............ 17
7,800 CAMDEN PROPERTY TRUST ...................... 229
3,400 CAPITAL AUTOMOTIVE REIT .................... 48
15,200 CAPITAL ONE FINANCIAL CORP ................. 678
1,327 CAPSTEAD MORTGAGE CORP ..................... 11
12,400 CARRAMERICA REALTY CORP .................... 329
700 CENTER TRUST, INC .......................... 4
2,500 CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO ... 31
1,800 CHATEAU PROPERTIES, INC .................... 51
1,400 CHELSEA GCA REALTY, INC .................... 48
2,030 * CHOICEPOINT, INC ........................... 90
10,400 CIT GROUP, INC (CLASS A) ................... 169
2,100 b* CITYSCAPE FINANCIAL CORP ................... 0
1,300 * COAST FEDERAL LITIGATION CONTINGENT RTS .... 2
4,200 COLONIAL PROPERTIES TRUST .................. 115
617 COMMERCIAL NET LEASE REALTY, INC ........... 6
15,843 * CONCORD EFS, INC ........................... 412
1,900 * CONTIFINANCIAL CORP ........................ 0
800 CORNERSTONE REALTY INCOME TRUST, INC ....... 8
4,722 COUNTRYWIDE CREDIT INDUSTRIES, INC ......... 143
4,587 COUSINS PROPERTIES, INC .................... 177
1,100 * CREDIT ACCEPTANCE CORP ..................... 6
7,100 CRESCENT REAL ESTATE EQUITIES CO ........... 146
400 * CRESECENT OPERATING, INC ................... 1
3,000 CROWN AMERICAN REALTY TRUST ................ 16
800 DEVELOPERS DIVERSIFIED REALTY CORP ......... 12
100 DORAL FINANCIAL CORP ....................... 1
5,935 DUKE-WEEKS REALTY CORP ..................... 133
2,900 EASTGROUP PROPERTIES, INC .................. 61
2,900 ENTERTAINMENT PROPERTIES TRUST ............. 40
13,100 EQUIFAX, INC ............................... 344
2,300 EQUITY INNS, INC ........................... 14
29,543 EQUITY OFFICE PROPERTIES TRUST ............. 814
12,678 EQUITY RESIDENTIAL PROPERTIES TRUST CO ..... 583
600 * FEDERAL AGRICULTURE MORTGAGE CORP .......... 9
85,700 FEDERAL NATIONAL MORTGAGE ASSOCIATION ...... 4,472
4,900 FEDERAL REALTY INVESTMENT TRUST ............ 98
8,600 FELCOR LODGING TRUST, INC .................. 159
1,300 * FINANCIAL FEDERAL CORP ..................... 23
1,900 * FINET.COM, INC ............................. 1
4,716 FINOVA GROUP, INC .......................... 61
6,100 FIRST INDUSTRIAL REALTY TRUST, INC ......... 180
76,429 FIRSTAR CORP ............................... 1,610
4,500 * FIRSTPLUS FINANCIAL GROUP, INC ............. 1
942 FRANCHISE FINANCE CORP OF AMERICA .......... 22
57,200 FREDDIE MAC ................................ 2,317
1,900 GENERAL GROWTH PROPERTIES, INC ............. 60
900 GLENBOROUGH REALTY TRUST, INC .............. 16
2,300 GLIMCHER REALTY TRUST ...................... 33
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
2,600 GREAT LAKES REIT, INC ...................... $ 44
1,600 HEALTH CARE PROPERTY INVESTORS, INC ........ 44
800 HEALTH CARE REIT, INC ...................... 13
500 HEALTHCARE REALTY TRUST, INC ............... 9
2,219 HELLER FINANCIAL, INC ...................... 45
1,900 HIGHWOODS PROPERTIES, INC .................. 46
1,200 HOSPITALITY PROPERTIES TRUST ............... 27
35,145 HOUSEHOLD INTERNATIONAL, INC ............... 1,461
4,500 HRPT PROPERTIES TRUST ...................... 28
1,000 * IMC MORTGAGE CO ............................ 0
500 * IMPERIAL CREDIT INDUSTRIES, INC ............ 2
6,212 INDYMAC BANCORP, INC ....................... 84
5,100 INNKEEPERS U.S.A. TRUST .................... 47
1,800 IRT PROPERTY CO ............................ 15
5,478 ISTAR FINANCIAL, INC ....................... 115
4,100 JDN REALTY CORP ............................ 42
4,500 KILROY REALTY CORP ......................... 117
2,000 KIMCO REALTY CORP .......................... 82
2,000 LASALLE HOTEL PROPERTIES ................... 29
7,500 LEUCADIA NATIONAL CORP ..................... 171
1,400 LIBERTY PROPERTY TRUST CO .................. 36
1,700 LTC PROPERTIES, INC ........................ 10
4,600 MACK-CALI REALTY CORP ...................... 118
5,099 MEDITRUST CORP PAIRED ...................... 19
3,800 MERISTAR HOSPITALITY CORP .................. 80
285 * MERRY LAND PROPERTIES, INC ................. 1
5,307 METRIS COS, INC ............................ 133
19 * MFN FINANCIAL CORP ......................... 0
22 * MFN FINANCIAL CORP WTS SERIES A 03/23/02 ... 0
22 * MFN FINANCIAL CORP WTS SERIES B 03/23/03 ... 0
22 * MFN FINANCIAL CORP WTS SERIES C 03/23/04 ... 0
200 * MID-AMERICA APARTMENT COMMUNITIES, INC ..... 5
5,200 NATIONAL HEALTH INVESTORS, INC ............. 57
1,100 * NATIONAL PROCESSING, INC ................... 14
2,100 NATIONWIDE HEALTH PROPERTIES, INC .......... 29
1,100 * NETBANK, INC ............................... 14
1,796 NEW PLAN EXCEL REALTY TRUST ................ 23
2,600 * NEXTCARD, INC .............................. 22
1,700 * OMEGA HEALTHCARE INVESTORS, INC ............ 8
25 * OMEGA WORLDWIDE, INC ....................... 0
2,700 PACIFIC GULF PROPERTIES, INC ............... 68
800 PARKWAY PROPERTIES, INC .................... 24
1,800 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST .. 31
1,671 POST PROPERTIES, INC ....................... 74
6,800 PRENTISS PROPERTIES TRUST .................. 163
700 PRIME GROUP REALTY TRUST ................... 11
6,800 PRISON REALTY TRUST, INC ................... 21
1,810 PROLOGIS TRUST ............................. 39
6,100 PUBLIC STORAGE, INC ........................ 143
2,300 REALTY INCOME CORP ......................... 54
5,200 RECKSON ASSOCIATES REALTY CORP ............. 124
739 REDWOOD TRUST, INC ......................... 10
300 RESOURCE AMERICA, INC (CLASS A) ............ 2
5,100 RFS HOTEL INVESTORS, INC ................... 60
2,100 ROUSE CO ................................... 52
450 SENIOR HOUSING PROPERTIES TRUST ............ 3
4,000 SHURGARD STORAGE CENTERS, INC .............. 90
1,000 * SIERRACITIES.COM, INC ...................... 4
9,200 SIMON PROPERTY GROUP, INC .................. 204
9,450 SLM HOLDINGS CORP .......................... 354
1,400 SOVRAN SELF STORAGE, INC ................... 30
6,400 SPIEKER PROPERTIES, INC .................... 294
2,700 STORAGE U.S.A., INC ........................ 80
639 SUMMIT PROPERTIES, INC ..................... 13
500 SUN COMMUNITIES, INC ....................... 17
1,300 TANGER FACTORY OUTLET CENTERS, INC ......... 31
200 * TELESCAN, INC .............................. 1
4,212 THORNBURG MORTGAGE, INC .................... 30
2,500 TOWN & COUNTRY TRUST ....................... 43
6,700 * UNICAPITAL CORP ............................ 3
2,200 b* UNITED COS FINANCIAL CORP .................. 0
11,126 UNITED DOMINION REALTY TRUST, INC .......... 122
841 * VENTAS, INC ................................ 3
8,600 VORNADO REALTY TRUST ....................... 299
6,000 WASHINGTON REAL ESTATE INVESTMENT TRUST .... 107
</TABLE>
SEE NOTES TO FINANCIAL STATEMENTS.
13
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
CREDIT AND OTHER FINANCE--(CONTINUED)
3,400 WEINGARTEN REALTY INVESTORS, INC ........... $ 137
1,550 * WELLSFORD REAL PROPERTIES, INC ............. 23
700 WESTERN PROPERTIES TRUST ................... 8
900 WESTFIELD AMERICA, INC ..................... 12
---------
28,021
---------
INSURANCE--3.04%
400 21ST CENTURY INSURANCE GROUP ............... 6
9,585 AETNA, INC ................................. 615
19,200 AFLAC, INC ................................. 882
600 ALFA CORP .................................. 11
622 * ALLEGHANY CORP (DELAWARE) .................. 104
3,100 ALLMERICA FINANCIAL CORP ................... 162
57,956 ALLSTATE CORP .............................. 1,290
3,600 AMBAC FINANCIAL GROUP, INC ................. 197
2,800 AMERICAN FINANCIAL GROUP, INC .............. 69
21,440 AMERICAN GENERAL CORP ...................... 1,308
103,555 AMERICAN INTERNATIONAL GROUP, INC .......... 12,168
500 AMERICAN NATIONAL INSURANCE CO ............. 26
2,600 AMERUS LIFE HOLDINGS, INC (CLASS A) ........ 54
14,775 AON CORP ................................... 459
1,700 ARCH CAPITAL GROUP LTD ..................... 25
16,800 AXA FINANCIAL, INC ......................... 571
1,900 BALDWIN & LYONS, INC (CLASS B) ............. 32
350 BERKLEY (W.R.) CORP ........................ 7
300 BLANCH (E.W.) HOLDINGS, INC ................ 6
11,994 CHUBB CORP ................................. 738
16,100 CIGNA CORP ................................. 1,505
14,488 CINCINNATI FINANCIAL CORP .................. 455
1,900 * CNA FINANCIAL CORP ......................... 65
8,013 CONSECO, INC ............................... 78
1,500 CRAWFORD & CO (CLASS B) .................... 17
1,800 ENHANCE FINANCIAL SERVICES GROUP, INC ...... 26
2,000 ERIE INDEMNITY CO (CLASS A) ................ 63
600 * FARM FAMILY HOLDINGS, INC .................. 19
2,000 FBL FINANCIAL GROUP, INC (CLASS A) ......... 32
3,224 FIDELITY NATIONAL FINANCIAL, INC ........... 59
1,900 FINANCIAL SECURITY ASSURANCE HOLDINGS LTD .. 144
2,500 FIRST AMERICAN CORP ........................ 36
2,200 * FIRST HEALTH GROUP CORP .................... 72
6,400 * FOUNDATION HEALTH SYSTEMS (CLASS A) ........ 83
300 * FPIC INSURANCE GROUP, INC .................. 5
1,700 FREMONT GENERAL CORP ....................... 7
5,100 * FRONTIER INSURANCE GROUP, INC .............. 3
1,500 GALLAGHER (ARTHUR J.) & CO ................. 63
300 GREAT AMERICAN FINANCIAL RESOURCES, INC .... 5
700 HARLEYSVILLE GROUP, INC .................... 12
19,700 HARTFORD FINANCIAL SERVICES GROUP, INC ..... 1,102
1,200 HCC INSURANCE HOLDINGS, INC ................ 23
3,500 * HEALTHAXIS, INC ............................ 13
5,308 * HOMEFED CORP ............................... 4
2,300 HORACE MANN EDUCATORS CORP ................. 35
1,100 HSB GROUP, INC ............................. 34
12,100 * HUMANA, INC ................................ 59
10,150 JEFFERSON-PILOT CORP ....................... 573
1,000 KANSAS CITY LIFE INSURANCE CO .............. 27
600 LIBERTY CORP ............................... 25
19,000 LINCOLN NATIONAL CORP ...................... 686
7,600 LOEWS CORP ................................. 456
19,900 MARSH & MCLENNAN COS, INC .................. 2,078
9,641 MBIA, INC .................................. 465
100 * MEDICAL ASSURANCE, INC ..................... 1
900 MERCURY GENERAL CORP ....................... 21
11,100 MGIC INVESTMENT CORP ....................... 505
400 * MID ATLANTIC MEDICAL SERVICES, INC ......... 5
1,200 MONY GROUP, INC ............................ 41
100 * NATIONAL WESTERN LIFE INSURANCE CO ......... 7
3,200 NATIONWIDE FINANCIAL SERVICES, INC (CLASS A) 105
1,100 OHIO CASUALTY CORP ......................... 12
11,400 OLD REPUBLIC INTERNATIONAL CORP ............ 188
11,700 * OXFORD HEALTH PLANS, INC ................... 279
3,264 * PACIFICARE HEALTH SYSTEMS, INC (CLASS A) ... 196
600 * PENN TREATY AMERICAN CORP .................. 10
800 * PHILADELPHIA CONSOLIDATED HOLDINGS CORP .... 13
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
1,000 PMA CAPITAL CORP (CLASS A) ................. $ 19
3,000 PMI GROUP, INC ............................. 143
900 PRESIDENTIAL LIFE CORP ..................... 12
220 * PROFESSIONALS GROUP, INC ................... 5
4,000 PROGRESSIVE CORP ........................... 296
2,500 PROTECTIVE LIFE CORP ....................... 67
3,826 RADIAN GROUP, INC .......................... 198
3,025 REINSURANCE GROUP OF AMERICA, INC .......... 91
3,700 RELIANCE GROUP HOLDINGS, INC ............... 3
4,673 RELIASTAR FINANCIAL CORP ................... 245
500 RLI CORP ................................... 17
5,700 SAFECO CORP ................................ 113
2,100 SCPIE HOLDINGS, INC ........................ 43
4,700 SELECTIVE INSURANCE GROUP, INC ............. 89
450 * SIERRA HEALTH SERVICES, INC ................ 1
13,922 ST. PAUL COS, INC .......................... 475
2,200 STATE AUTO FINANCIAL CORP .................. 26
2,000 STEWART INFORMATION SERVICES CORP .......... 29
14,000 TORCHMARK CORP ............................. 346
1,500 TRENWICK GROUP, INC ........................ 22
4,600 * TRIAD GUARANTY, INC ........................ 106
2,700 * TRIGON HEALTHCARE, INC ..................... 139
2,100 * UICI ....................................... 14
200 UNITED FIRE & CASULTY CO ................... 3
12,700 UNITEDHEALTH GROUP, INC .................... 1,089
1,000 UNITRIN, INC ............................... 29
9,193 UNUMPROVIDENT CORP ......................... 184
5,600 * WELLPOINT HEALTH NETWORKS, INC ............. 406
220 WESCO FINANCIAL CORP ....................... 45
---------
32,697
---------
SECURITIES AND COMMODITIES--1.76%
400 ADVEST GROUP, INC .......................... 8
3,200 * AFFILIATED MANAGERS GROUP, INC ............. 146
6,500 * AMERITRADE HOLDINGS CORP (CLASS A) ......... 76
9,012 BEAR STEARNS COS, INC ...................... 375
600 DAIN RAUSCHER CORP ......................... 40
1,400 DLJ DIRECT ................................. 10
5,200 DONALDSON, LUFKIN & JENRETTE, INC .......... 221
15,685 * E TRADE GROUP, INC ......................... 259
3,000 EATON VANCE CORP ........................... 139
4,250 EDWARDS (A.G.), INC ........................ 166
6,400 FEDERATED INVESTORS, INC ................... 224
16,200 FRANKLIN RESOURCES, INC .................... 492
2,300 * FRIEDMAN, BILLINGS, RAMSEY GROUP, INC ...... 19
1,659 * INVESTMENT TECHNOLOGY GROUP, INC ........... 66
200 INVESTORS FINANCIAL SERVICES CORP .......... 8
200 JEFFERIES GROUP, INC (NEW) ................. 4
1,200 JOHN NUVEEN CO (CLASS A) ................... 50
5,500 * KNIGHT TRADING GROUP, INC .................. 164
6,500 LEGG MASON, INC ............................ 325
8,400 LEHMAN BROTHERS HOLDINGS, INC .............. 794
27,600 MERRILL LYNCH & CO, INC .................... 3,174
88,710 MORGAN STANLEY DEAN WITTER & CO ............ 7,385
800 * NATIONAL DISCOUNT BROKERS GROUP, INC ....... 26
9,100 PAINE WEBBER GROUP, INC .................... 414
2,700 PHOENIX INVESTMENT PARTNERS LTD ............ 28
7,900 PRICE (T. ROWE) ASSOCIATES, INC ............ 336
6,050 RAYMOND JAMES FINANCIAL CORP ............... 136
90,852 SCHWAB (CHARLES) CORP ...................... 3,055
1,890 SOUTHWEST SECURITIES GROUP, INC ............ 70
3,600 THE GOLDMAN SACHS GROUP, INC ............... 342
800 UNITED ASSET MANAGEMENT CORP ............... 19
11,000 WADDELL & REED FINANCIAL, INC (CLASS A) .... 361
85 WADDELL & REED FINANCIAL, INC (CLASS B) .... 2
---------
18,934
---------
TOTAL FINANCE .............................. 149,912
---------
FOODS AND RELATED--4.63%
BEVERAGES, OTHER FOOD PRODUCTS--4.13%
3,140 * 7-ELEVEN, INC .............................. 43
1,000 * ADVANTICA RESTAURANT GROUP, INC ............ 1
1,800 * AGRIBRANDS INTERNATIONAL, INC .............. 75
30,436 ALBERTSONS, INC ............................ 1,012
2,100 * AMERICAN ITALIAN PASTA CO (CLASS A) ........ 43
</TABLE>
SEE NOTES TO FINANCIAL STATEMENTS.
14
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
BEVERAGES, OTHER FOOD PRODUCTS--(CONTINUED)
37,100 ANHEUSER-BUSCH COS, INC .................... $ 2,771
3,700 APPLEBEES INTERNATIONAL, INC ............... 112
57,272 ARCHER DANIELS MIDLAND CO .................. 562
1,900 * BERINGER WINE ESTATES
HOLDINGS, INC (CLASS B) .................. 67
19,500 BESTFOODS, INC ............................. 1,350
7,100 BOB EVANS FARMS, INC ....................... 106
8,300 b* BOSTON CHICKEN, INC ........................ 0
6,500 * BRINKER INTERNATIONAL, INC ................. 190
3,100 BROWN FORMAN, INC (CLASS B) ................ 167
1,000 * CADIZ, INC ................................. 8
21,400 CAMPBELL SOUP CO ........................... 623
1,500 * CANANDAIGUA BRANDS, INC (CLASS A) .......... 76
3,300 CBRL GROUP, INC ............................ 48
3,550 * CEC ENTERTAINMENT, INC ..................... 91
5,500 CHIQUITA BRANDS INTERNATIONAL, INC ......... 22
2,000 CKE RESTAURANTS, INC ....................... 6
182,700 COCA COLA CO ............................... 10,494
12,900 COCA COLA ENTERPRISES, INC ................. 210
39,800 CONAGRA, INC ............................... 759
1,000 COORS (ADOLPH) CO (CLASS B) ................ 61
5,275 CORN PRODUCTS INTERNATIONAL, INC ........... 140
9,300 DARDEN RESTAURANTS, INC .................... 151
2,000 * DAVE & BUSTERS, INC ........................ 13
4,300 DEAN FOODS CO .............................. 136
2,000 * DEL MONTE FOODS CO ......................... 14
7,866 DELHAIZE AMERICA, INC (CLASS B) ............ 121
2,400 DELTA & PINE LAND CO ....................... 60
5,200 DOLE FOOD, INC ............................. 73
100 DREYERS GRAND ICE CREAM, INC ............... 2
5,816 EARTHGRAINS CO ............................. 113
100 FARMER BROTHERS CO ......................... 18
9,950 FLOWERS INDUSTRIES, INC .................... 198
16,400 FORTUNE BRANDS, INC ........................ 378
20,214 GENERAL MILLS, INC ......................... 773
4,500 GREAT ATLANTIC & PACIFIC TEA CO, INC ....... 75
1,100 * HAIN CELESTIAL GROUP, INC .................. 40
2,500 HANNAFORD BROTHERS, INC .................... 180
26,400 HEINZ (H.J.) CO ............................ 1,155
9,600 HERSHEY FOODS CORP ......................... 466
10,400 HORMEL FOODS CORP .......................... 175
12,249 HOST MARRIOTT CORP (NEW) ................... 115
900 IBP, INC ................................... 14
2,800 * IHOP CORP (NEW) ............................ 47
3,400 * INTERNATIONAL HOME FOODS, INC .............. 71
4,800 INTERNATIONAL MULTIFOODS CORP .............. 83
2,400 INTERSTATE BAKERIES CORP ................... 34
4,100 * JACK IN THE BOX, INC ....................... 101
3,600 KEEBLER FOODS CO ........................... 134
15,400 KELLOGG CO ................................. 458
64,708 * KROGER CO .................................. 1,428
4,450 LANCASTER COLONY CORP ...................... 87
3,600 LANCE, INC ................................. 32
5,100 LANDRYS SEAFOOD RESTAURANTS, INC ........... 43
4,800 LONE STAR STEAKHOUSE & SALOON, INC ......... 49
3,900 LUBYS, INC ................................. 31
5,400 MCCORMICK & CO, INC (NON-VOTE) ............. 176
102,600 MCDONALD'S CORP ............................ 3,379
952 MORRISON MANAGEMENT SPECIALISTS, INC ....... 27
18,001 NABISCO GROUP HOLDINGS ..................... 467
1,400 NABISCO HOLDINGS CORP (CLASS A) ............ 74
1,400 * O'CHARLEY'S, INC ........................... 19
3,950 * OUTBACK STEAKHOUSE, INC .................... 116
900 * PAPA JOHNS INTERNATIONAL, INC .............. 22
12,200 PEPSI BOTTLING GROUP, INC .................. 356
116,800 PEPSICO, INC ............................... 5,190
1,900 * PERFORMANCE FOOD GROUP CO .................. 61
300 PILGRIMS PRIDE CORP (CLASS A) .............. 2
600 PILGRIMS PRIDE CORP (CLASS B) .............. 4
1,900 b* PLANET HOLLYWOOD, INC (CLASS A) ............ 0
10,800 QUAKER OATS CO ............................. 811
50 * RAINFOREST CAFE, INC ....................... 0
1,200 * RALCORP HOLDINGS, INC ...................... 15
18,500 RALSTON PURINA CO .......................... 369
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
800 RIVIANA FOODS, INC ......................... $ 14
1,500 * ROBERT MONDAVI CORP (CLASS A) .............. 46
10,000 RUBY TUESDAY, INC .......................... 126
600 RUDDICK CORP ............................... 7
6,300 * RYANS FAMILY STEAK HOUSES, INC ............. 53
36,204 * SAFEWAY, INC ............................... 1,634
62,600 SARA LEE CORP .............................. 1,209
2,400 * SMITHFIELD FOODS, INC ...................... 67
200 SMUCKER, (J.M.) CO (CLASS A) ............... 4
3,200 * SONIC CORP ................................. 94
13,300 * STARBUCKS CORP ............................. 508
3,000 * SUIZA FOODS CORP ........................... 147
13,306 SUPERVALU, INC ............................. 254
29,000 SYSCO CORP ................................. 1,222
2,400 * TERRA INDUSTRIES, INC ...................... 3
1,500 * THE CHEESECAKE FACTORY CO .................. 41
4,630 TOOTSIE ROLL INDUSTRIES, INC ............... 162
15,740 * TRICON GLOBAL RESTAURANTS, INC ............. 445
14,000 TYSON FOODS, INC ........................... 123
5,800 UNIVERSAL FOODS CORP ....................... 107
400 * VETERINARY CENTERS OF AMERICA, INC ......... 6
5,900 VIAD CORP .................................. 161
200 * VLASIC FOODS INTERNATIONAL, INC ............ 0
1,900 WEIS MARKETS, INC .......................... 62
11,600 WENDY'S INTERNATIONAL, INC ................. 207
8,500 WHITMAN CORP ............................... 105
1,400 * WHOLE FOODS MARKET, INC .................... 58
4,550 * WILD OATS MARKETS, INC ..................... 57
4,500 WINN DIXIE STORES, INC ..................... 64
5,701 WRIGLEY (WM) JR CO ......................... 457
---------
44,436
---------
TOBACCO--0.50%
192,300 PHILIP MORRIS COS, INC ..................... 5,108
5,300 RJR REYNOLDS TOBACCO HOLDINGS, INC ......... 148
6,400 UST, INC ................................... 94
---------
5,350
---------
TOTAL FOODS AND RELATED .................... 49,786
---------
HEALTH--12.45%
DRUGS AND PHARMACEUTICALS--10.09%
121,410 ABBOTT LABORATORIES CO ..................... 5,410
2,200 * ABGENIX, INC ............................... 264
100 * ALGOS PHARMACEUTICAL CORP .................. 2
4,000 * ALKERMES, INC .............................. 189
95 * ALLERGAN SPECIALTY THERAPEUTICS, INC (CLASS A) 2
11,300 ALLERGAN, INC .............................. 842
4,200 * ALZA CORP .................................. 248
103,300 AMERICAN HOME PRODUCTS CORP ................ 6,069
2,700 * AMERISOURCE HEALTH CORP (CLASS A) .......... 84
80,080 * AMGEN, INC ................................. 5,626
3,200 * ANDRX CORP ................................. 205
300 * ANESTA CORP ................................ 7
2,000 * AVIRON, INC ................................ 62
600 * BARR LABORATORIES, INC ..................... 27
10,825 BERGEN BRUNSWIG CORP (CLASS A) ............. 60
3,450 BINDLEY WESTERN INDUSTRIES, INC ............ 91
10,300 * BIOGEN, INC ................................ 664
1,800 * BIOMATRIX, INC ............................. 41
3,200 * BIO-TECHNOLOGY GENERAL CORP ................ 42
158,600 BRISTOL MYERS SQUIBB CO .................... 9,238
22,664 CARDINAL HEALTH, INC ....................... 1,677
15,500 * CAREMARK RX, INC ........................... 106
1,500 * CELL PATHWAYS, INC ......................... 35
4,200 * CEPHALON, INC .............................. 251
2,400 * CHIREX, INC ................................ 48
7,140 * CHIRON CORP ................................ 339
1,100 * COLUMBIA LABORATORIES, INC ................. 6
3,300 * COR THERAPEUTICS, INC ...................... 282
1,400 * CORIXA CORP ................................ 60
2,200 * COULTER PHARMACEUTICALS, INC ............... 45
60 * CRESCENDO PHARMACEUTICALS CORP ............. 1
28,142 CVS CORP ................................... 1,126
700 DIAGNOSTIC PRODUCTS CORP ................... 22
</TABLE>
See notes to financial statements.
15
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
DRUGS AND PHARMACEUTICALS--(CONTINUED)
900 * DUANE READE, INC ........................... $ 23
3,400 * DURA PHARMACEUTICALS, INC .................. 49
2,400 * DURAMED PHARMACEUTICALS, INC ............... 13
2,700 * ENZON, INC ................................. 115
6,500 * FOREST LABORATORIES, INC ................... 657
600 * GELTEX PHARMACEUTICALS, INC ................ 12
4,900 * GENZYME CORP (GENERAL DIVISION) ............ 291
60 * GENZYME CORP (TISSUE REPAIR DIVISION) ...... 0
91 * GENZYME SURGICAL PRODUCTS .................. 1
86 * GENZYME-MOLECULAR ONCOLOGY ................. 1
2,602 * GILEAD SCIENCES, INC ....................... 185
200 * GUILFORD PHARMACEUTICALS, INC .............. 3
2,100 * HEMISPHERX BIOPHARMA, INC .................. 12
33 HERBALIFE INTERNATIONAL, INC (CLASS A) ..... 0
2,566 HERBALIFE INTERNATIONAL, INC (CLASS B) ..... 20
300 * HESKA CORP ................................. 1
3,900 * HUMAN GENOME SCIENCES, INC ................. 520
3,051 ICN PHARMACEUTICALS, INC ................... 85
3,600 * ICOS CORP .................................. 158
3,000 * IDEC PHARMACEUTICALS CORP .................. 352
2,400 * IDEXX LABORATORIES, INC .................... 55
900 * IGEN INTERNATIONAL, INC .................... 15
2,200 * IMCLONE SYSTEMS, INC ....................... 168
18,000 * IMMUNEX CORP ............................... 890
1,000 * INHALE THERAPEUTIC SYSTEMS ................. 101
200 * INTERNEURON PHARMACEUTICALS, INC ........... 0
400 * INVITROGEN CORP ............................ 30
7,100 * ISIS PHARMACEUTICALS, INC .................. 103
7,700 * IVAX CORP .................................. 320
111,160 JOHNSON & JOHNSON CO ....................... 11,324
4,200 JONES PHARMACEUTICAL, INC .................. 168
2,610 * KING PHARMACEUTICALS, INC .................. 115
1,800 * KV PHARMACEUTICAL CO (CLASS B) ............. 49
3,600 * LIGAND PHARMACEUTICALS CO (CLASS A) ........ 47
71,792 LILLY (ELI) & CO ........................... 7,170
700 LONGS DRUG STORES CORP ..................... 15
14,600 LYONDELL CHEMICAL CO ....................... 245
3,300 * MACROCHEM CORP (DELAWARE) .................. 16
7,300 MALLINCKRODT, INC .......................... 317
17,697 MCKESSON HBOC, INC ......................... 371
1,950 * MEDICIS PHARMACEUTICAL CORP (CLASS A) ...... 111
13,500 * MEDIMMUNE, INC ............................. 999
185,000 MERCK & CO, INC ............................ 14,176
5,800 * MILLENNIUM PHARMACEUTICALS, INC ............ 649
6,200 MYLAN LABORATORIES, INC .................... 113
1,900 NATURES SUNSHINE PRODUCTS, INC ............. 13
2,800 * NBTY, INC .................................. 18
1,000 * NEOPROBE CORP .............................. 1
2,000 * NEUROGEN CORP .............................. 58
4,500 * NU SKIN ENTERPRISES, INC (CLASS A) ......... 26
5,000 OMNICARE, INC .............................. 45
4,225 * ORGANOGENESIS, INC ......................... 48
700 * PATHOGENESIS CORP .......................... 18
493,249 PFIZER, INC ................................ 23,676
1,100 * PHARMACYCLICS, INC ......................... 67
42 * PRIORITY HEALTHCARE CORP (CLASS A) ......... 3
650 * PRIORITY HEALTHCARE CORP (CLASS B) ......... 48
2,300 * PROTEIN DESIGN LABORATORIES, INC ........... 379
1,700 * REGENERON PHARMACEUTICALS, INC ............. 51
18,320 RITE AID CORP .............................. 120
1,000 * SANGSTAT MEDICAL CORP ...................... 29
1,100 * SCHEIN PHARMACEUTICAL, INC ................. 24
117,600 SCHERING-PLOUGH CORP ....................... 5,939
5,400 * SEPRACOR, INC .............................. 651
3,800 * SEROLOGICALS CORP .......................... 19
74 * SHIRE PHARMACEUTICALS GROUP PLC ADR ........ 4
7,500 * SICOR, INC ................................. 60
4,900 SIGMA ALDRICH CORP ......................... 143
1,600 * SUPERGEN, INC .............................. 58
1,900 * SYNCOR INTERNATIONAL CORP .................. 137
2,200 * TECHNE CORP ................................ 286
1,400 * THERAGENICS CORP ........................... 12
2,100 * TRANSKARYOTIC THERAPIES, INC ............... 77
3,700 * TRIANGLE PHARMACEUTICALS, INC .............. 34
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
1,400 * TWINLAB CORP ............................... $ 9
1,733 * VENTIV HEALTH, INC ......................... 19
3,000 * VERTEX PHARMACEUTICALS, INC ................ 316
1,800 * VICAL, INC ................................. 35
75,800 WALGREEN CO ................................ 2,440
6,400 * WATSON PHARMACEUTICALS, INC ................ 344
2,000 WEST PHARMACEUTICAL SERVICES, INC .......... 43
500 * ZONAGEN, INC ............................... 2
---------
108,488
---------
MEDICAL EQUIPMENT AND SUPPLIES--2.02%
3,100 * ACUSON CORP ................................ 42
1,400 * AFFYMETRIX, INC ............................ 231
27,416 * AGILENT TECHNOLOGIES, INC .................. 2,022
400 ARROW INTERNATIONAL, INC ................... 13
700 * BACOU U.S.A., INC .......................... 14
6,400 BARD (C.R.), INC ........................... 308
6,400 BAUSCH & LOMB, INC ......................... 495
21,300 BAXTER INTERNATIONAL, INC .................. 1,498
1,900 BECKMAN COULTER, INC ....................... 111
21,200 BECTON DICKINSON & CO ...................... 608
7,700 BIOMET, INC ................................ 296
400 * BIO-RAD LABORATORIES, INC (CLASS A) ........ 10
21,000 * BOSTON SCIENTIFIC CORP ..................... 461
1,000 * BRITESMILE, INC ............................ 5
50 * CLINTRIALS RESEARCH, INC ................... 0
100 * CLOSURE MEDICAL CORP ....................... 2
3,600 * COGNEX CORP ................................ 186
300 * COHERENT, INC .............................. 25
1,400 COHU, INC .................................. 38
1,800 * CONMED CORP ................................ 47
1,800 COOPER COS, INC ............................ 65
4,700 * CREDENCE SYSTEMS CORP ...................... 259
700 CUBIC CORP ................................. 13
1,200 * CYBERONICS, INC ............................ 14
2,900 * CYTYC CORP ................................. 155
800 DATASCOPE CORP ............................. 29
5,800 DENTSPLY INTERNATIONAL, INC ................ 179
1,200 * DIONEX CORP ................................ 32
1,180 * DYNATECH CORP .............................. 21
10,840 * EDWARDS LIFESCIENCES CORP .................. 201
1,700 * ENZO BIOCHEMICAL, INC ...................... 117
2,400 * GENRAD, INC ................................ 22
1,700 * GLIATECH, INC .............................. 34
23,565 * GUIDANT CORP ............................... 1,166
600 * HAEMONETICS CORP ........................... 13
4,400 * HANGER ORTHOPEDIC GROUP, INC ............... 22
100 * IMPATH, INC ................................ 5
3,100 * INPUT/OUTPUT, INC .......................... 26
1,600 INVACARE CORP .............................. 42
8,600 JOHNSON CONTROLS, INC ...................... 441
15,400 * KLA-TENCOR CORP ............................ 902
240 * LABORATORY CORP OF AMERICA HOLDINGS ........ 19
6,800 * LTX CORP ................................... 238
1,500 * MECHANICAL TECHNOLOGY, INC ................. 23
2,025 * MEDICAL MANAGER CORP ....................... 69
93,050 MEDTRONIC, INC ............................. 4,635
800 MENTOR CORP ................................ 22
4,200 * METTLER-TOLEDO INTERNATIONAL, INC .......... 168
2,300 MILLIPORE CORP ............................. 173
600 MINE SAFETY APPLIANCE CO ................... 14
1,300 * MINIMED, INC ............................... 153
100 * MKS INSTRUMENTS, INC ....................... 4
600 * MOLECULAR DEVICES CORP ..................... 42
1,400 * NOVOSTE CORP ............................... 85
1,600 * OCULAR SCIENCES, INC ....................... 19
1,200 * OSTEOTECH, INC ............................. 13
5,500 * PE CORP-CELERA GENOMICS GROUP .............. 514
15,000 PE CORP-PE BIOSYSTEMS GROUP ................ 988
5,600 PERKINELMER, INC ........................... 370
4,262 * QUEST DIAGNOSTICS, INC ..................... 319
3,400 * RESMED, INC ................................ 91
2,000 * RESPIRONICS, INC ........................... 36
600 * SOLA INTERNATIONAL, INC .................... 3
33 * SONOSITE, INC .............................. 1
</TABLE>
16
See notes to financial statements.
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
MEDICAL EQUIPMENT AND SUPPLIES--(CONTINUED)
4,088 * ST. JUDE MEDICAL, INC ...................... $ 188
4,900 * STERIS CORP ................................ 43
10,400 STRYKER CORP ............................... 455
2,950 * SUMMIT TECHNOLOGY, INC ..................... 56
1,100 * SUNRISE MEDICAL, INC ....................... 5
6,400 * SUNRISE TECHNOLOGY INTERNATIONAL, INC ...... 64
8,500 * SYBRON INTERNATIONAL CORP .................. 168
1,750 TEKTRONIX, INC ............................. 130
2,900 TELEFLEX, INC .............................. 104
14,900 * TERADYNE, INC .............................. 1,095
700 * THERMEDICS, INC ............................ 7
300 * THERMO CARDIOSYSTEMS, INC .................. 3
6,475 * THERMO ELECTRON CORP ....................... 136
25 * THERMO INSTRUMENT SYSTEMS, INC ............. 0
1,900 * VARIAN MEDICAL SYSTEMS, INC ................ 74
2,000 * VARIAN, INC ................................ 92
500 * VEECO INSTRUMENTS, INC ..................... 37
1,000 * VENTANA MEDICAL SYSTEMS, INC ............... 24
4,400 * VISX, INC .................................. 123
4,500 * WATERS CORP ................................ 562
5,100 * WESLEY JESSEN VISIONCARE, INC .............. 192
---------
21,727
---------
MEDICAL FACILITIES MANAGEMENT--0.34%
1,300 * ADVANCE PARADIGM, INC ...................... 27
1,800 * AMERICAN HOMEPATIENT, INC .................. 1
2,600 * AMERIPATH, INC ............................. 23
4,300 * APRIA HEALTHCARE GROUP, INC ................ 53
14,400 * BEVERLY ENTERPRISES, INC ................... 41
1,600 * CAREMATRIX CORP ............................ 1
46,638 COLUMBIA/HCA HEALTHCARE CORP ............... 1,417
5,000 * COVENTRY HEALTH CARE, INC .................. 67
1,700 * EXPRESS SCRIPTS, INC ....................... 106
1,400 b* FPA MEDICAL MANAGEMENT, INC ................ 0
25 * GENTIVA HEALTH SERVICES, INC ............... 0
10,700 * HEALTH MANAGEMENT ASSOCIATES,
INC (CLASS A) (NEW) ...................... 140
30,160 * HEALTHSOUTH CORP ........................... 217
5,800 HOOPER HOLMES, INC ......................... 46
77 * INTEGRATED HEALTH SERVICES, INC ............ 0
1,800 * LASER VISION CENTERS, INC .................. 11
5,163 * LCA-VISION, INC ............................ 13
2,728 * LIFEPOINT HOSPITALS, INC ................... 61
4,400 * LINCARE HOLDINGS, INC ...................... 108
100 * LTC HEALTHCARE, INC ........................ 0
1,200 * MAGELLAN HEALTH SERVICES, INC .............. 2
4,300 * MANOR CARE, INC ............................ 30
4,900 * MARINER POST-ACUTE NETWORK, INC ............ 1
4,500 * MATRIA HEALTHCARE, INC ..................... 21
200 * NAHC, INC .................................. 0
1,100 * ORTHODONTIC CENTERS OF AMERICA, INC ........ 25
600 * PEDIATRIX MEDICAL GROUP, INC ............... 7
6,100 * PHYCOR, INC ................................ 4
6,600 b* PHYSICIANS RESOURCE GROUP, INC ............. 0
1,400 * PROVINCE HEALTHCARE CO ..................... 51
25,150 * QUORUM HEALTH GROUP, INC ................... 259
2,250 * RENAL CARE GROUP, INC ...................... 55
200 * RES-CARE, INC .............................. 1
1,700 b* SUN HEALTHCARE GROUP, INC .................. 0
20,625 TENET HEALTHCARE CORP ...................... 557
4,500 * TOTAL RENAL CARE HOLDINGS, INC ............. 27
2,728 * TRIAD HOSPITALS, INC ....................... 66
2,200 * UNIVERSAL HEALTH SERVICES, INC ............. 144
4,580 * US ONCOLOGY, INC ........................... 23
---------
3,605
---------
TOTAL HEALTH 133,820
---------
INDUSTRIAL MACHINERY--5.72%
ELECTRICAL--4.35%
5,500 AMETEK, INC ................................ 96
4,500 * ANICOM, INC ................................ 17
600 * ANIXTER INTERNATIONAL, INC ................. 16
100 * ARGUSS COMMUNICATIONS, INC ................. 2
10,400 * ARROW ELECTRONICS, INC ..................... 322
4,875 AVNET, INC ................................. 289
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
4,150 * BRIGHTPOINT, INC ........................... $ 36
2,200 C&D TECHNOLOGIES, INC ...................... 124
9,400 COOPER INDUSTRIES, INC ..................... 306
3,500 * ELECTRO SCIENTIFIC INDUSTRIES, INC ......... 154
36,000 EMERSON ELECTRIC CO ........................ 2,174
4,300 * ENERGIZER HOLDINGS, INC .................... 78
2,800 EXIDE CORP ................................. 22
785,106 GENERAL ELECTRIC CO ........................ 41,611
3,300 GRAINGER (W.W.), INC ....................... 102
3,100 HUBBELL, INC (CLASS B) ..................... 79
1,500 * KENT ELECTRONICS CORP ...................... 45
10,600 * KOMAG, INC ................................. 19
8,100 * LITTELFUSE, INC ............................ 397
400 LSI INDUSTRIES, INC ........................ 6
1,200 * MAGNETEK, INC .............................. 10
800 * MOOG, INC (CLASS A) ........................ 21
5,000 NATIONAL SERVICE INDUSTRIES, INC ........... 98
1,900 * RAYOVAC CORP ............................... 43
14,700 ROCKWELL INTERNATIONAL CORP ................ 463
1,850 SLI, INC ................................... 22
2,600 STEWART & STEVENSON SERVICES, INC .......... 39
4,599 THOMAS & BETTS CORP ........................ 88
500 THOMAS INDUSTRIES, INC ..................... 9
2,400 * UCAR INTERNATIONAL, INC .................... 31
1,700 * VICOR CORP ................................. 59
800 * WESCO INTERNATIONAL, INC ................... 8
500 WOODWARD GOVERNOR CO ....................... 14
---------
46,800
---------
OTHER INDUSTRIAL EQUIPMENT--1.37%
1,000 AAR CORP ................................... 12
5,200 AGCO CORP .................................. 64
3,500 * AMERICAN STANDARD COS, INC ................. 144
800 APPLIED INDUSTRIAL TECHNOLOGIES, INC ....... 13
64,347 * APPLIED MATERIALS, INC ..................... 5,831
2,000 APPLIED POWER, INC (CLASS A) ............... 67
2,200 * ASTEC INDUSTRIES, INC ...................... 56
3,500 * ASYST TECHNOLOGIES, INC .................... 120
1,100 * ATMI, INC .................................. 51
19,615 BAKER HUGHES, INC .......................... 628
9,500 BLACK & DECKER CORP ........................ 373
1,700 BRIGGS & STRATTON CORP ..................... 58
600 * BROOKS AUTOMATION, INC ..................... 38
9,000 BRUNSWICK CORP ............................. 149
30,500 CATERPILLAR, INC ........................... 1,033
1,000 COLUMBUS MCKINNON CORP ..................... 14
5,700 * COOPER CAMERON CORP ........................ 376
1,100 CUMMINS ENGINE CO, INC ..................... 30
20,900 DEERE & CO ................................. 773
1,400 DETROIT DIESEL CORP ........................ 21
1,100 DONALDSON CO, INC .......................... 22
14,000 DOVER CORP ................................. 568
2,500 * ELECTROGLAS, INC ........................... 54
700 * FAIRCHILD CORP (CLASS A) ................... 3
4,500 FEDDERS CORP ............................... 26
5,900 FLOWSERVE CORP ............................. 89
2,000 * FSI INTERNATIONAL, INC ..................... 43
2,400 * GARDNER DENVER, INC ........................ 43
1,800 GRACO, INC ................................. 59
5,100 * GRANT PRIDECO, INC ......................... 128
2,200 b* HARNISCHFEGER INDUSTRIES, INC .............. 1
2,050 IDEX CORP .................................. 65
15,150 INGERSOLL-RAND CO .......................... 610
400 * IONICS, INC ................................ 12
4,900 JLG INDUSTRIES, INC ........................ 58
400 KAYDON CORP ................................ 8
3,698 KENNAMETAL, INC ............................ 79
3,800 * KULICHE & SOFFA INDUSTRIES, INC ............ 226
9,800 * LAM RESEARCH CORP .......................... 368
1,000 LAWSON PRODUCTS, INC ....................... 25
6,200 LINCOLN ELECTRIC HOLDINGS CO ............... 88
400 LINDSAY MANUFACTURING CO ................... 8
600 LUFKIN INDUSTRIES, INC ..................... 10
1,875 MANITOWOC CO, INC .......................... 50
2,300 MILACRON, INC .............................. 33
</TABLE>
See notes to financial statements.
17
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
OTHER INDUSTRIAL EQUIPMENT--(CONTINUED)
1,600 * MSC INDUSTRIAL DIRECT CO (CLASS A) ......... $ 34
1,400 NACCO INDUSTRIES, INC (CLASS A) ............ 49
2,900 * NATIONAL-OILWELL, INC ...................... 95
11,000 * NOVELLUS SYSTEMS, INC ...................... 622
6,900 PALL CORP .................................. 128
4,100 PENTAIR, INC ............................... 146
1,700 * PRESSTEK, INC .............................. 28
1,200 * PRI AUTOMATION, INC ........................ 78
600 ROBBINS & MYERS, INC ....................... 14
3,400 ROPER INDUSTRIES, INC ...................... 87
1,500 SAUER-DANFOSS, INC ......................... 15
2,600 * SILICON VALLEY GROUP, INC .................. 67
3,800 * SMITH INTERNATIONAL, INC ................... 277
1,900 * SPECIALTY EQUIPMENT COS, INC ............... 52
952 * SPEEDFAM-IPEC, INC ......................... 17
1,700 STANDEX INTERNATIONAL CORP ................. 27
3,100 TECUMSEH PRODUCTS CO (CLASS A) ............. 118
1,600 TENNANT CO ................................. 60
2,500 * TEREX CORP ................................. 35
900 * THERMO FIBERTEK, INC ....................... 4
5,429 TIMKEN CO .................................. 101
700 TORO CO .................................... 23
1,200 * ULTRATECH STEPPER, INC ..................... 18
1,300 * UNOVA, INC ................................. 10
4,000 YORK INTERNATIONAL CORP .................... 101
---------
14,733
---------
TOTAL INDUSTRIAL MACHINERY 61,533
---------
MEDIA AND LEISURE--3.79%
BROADCASTING--2.84%
3,500 * ADELPHIA COMMUNICATIONS CORP (CLASS A) ..... 164
3,300 * AMC ENTERTAINMENT, INC ..................... 16
11,836 * AMFM, INC .................................. 817
400 BHC COMMUNICATIONS, INC (CLASS A) .......... 61
9,600 * CABLEVISION SYSTEMS CORP (CLASS A) ......... 652
900 * CARMIKE CINEMAS, INC (CLASS A) ............. 3
462 * CHRIS CRAFT INDUSTRIES, INC ................ 31
1,400 * CITADEL COMMUNICATIONS CORP ................ 49
19,513 * CLEAR CHANNEL COMMUNICATIONS, INC .......... 1,463
1,400 * CLEAR CHANNEL COMMUNICATIONS, INC
WTS 09/18/01 ............................. 17
60,347 * COMCAST CORP (CLASS A) SPECIAL ............. 2,444
12,617 * COX COMMUNICATIONS, INC (CLASS A) .......... 575
2,700 * COX RADIO, INC (CLASS A) ................... 76
2,900 * CUMULUS MEDIA, INC ......................... 26
166,734 DISNEY (WALT) CO ........................... 6,471
2,600 * EMMIS COMMUNICATIONS (CLASS A) ............. 108
1,600 * ENTERCOM COMMUNICATIONS CORP ............... 78
9,700 * FOX ENTERTAINMENT GROUP, INC ............... 295
54 GAYLORD ENTERTAINMENT CO ................... 1
900 * GC COS, INC ................................ 20
3,800 * HEARST-ARGYLE TELEVISION, INC .............. 74
5,800 * HISPANIC BROADCASTING CORP ................. 192
4,100 * HOLLYWOOD ENTERTAINMENT CORP ............... 32
19,550 * INFINITY BROADCASTING CORP (CLASS A) ....... 712
2,500 * LOEWS CINEPLEX ENTERTAINMENT CORP .......... 8
3,144 * METRO-GOLDWYN-MAYER, INC ................... 82
13,600 * METROMEDIA INTERNATIONAL GROUP, INC ........ 65
1,800 * ON COMMAND CORP ............................ 26
90 * PAC-WEST TELECOMM, INC ..................... 2
3,369 * PANAMSAT CORP .............................. 147
4,600 * PAXSON COMMUNICATIONS CORP ................. 37
4,300 * PEGASUS COMMUNICATIONS CORP ................ 211
1,300 * PIXAR, INC ................................. 46
2,300 * PRICE COMMUNICATIONS CORP .................. 54
500 * RADIO ONE, INC ............................. 15
1,000 * RADIO ONE, INC (CLASS D) ................... 22
1,500 * SIRIUS SATELLITE RADIO, INC ................ 66
9,880 * TCI SATELLITE ENTERTAINMENT (CLASS A) ...... 86
91,743 TIME WARNER, INC ........................... 6,972
2,900 * TV GUIDE, INC .............................. 99
8,500 * U.S.A. NETWORKS, INC ....................... 184
7,000 * UNITEDGLOBALCOM, INC (CLASS A) ............. 327
6,200 * UNIVISION COMMUNICATIONS, INC .............. 642
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
7,400 * VIACOM, INC (CLASS A) ...................... $ 506
95,916 * VIACOM, INC (CLASS B) ...................... 6,540
5,600 * WAVO CORP .................................. 4
800 * YOUNG BROADCASTING, INC (CLASS A) .......... 21
---------
30,539
---------
LODGING/GAMING/RECREATION--0.29%
15,285 * AMF BOWLING, INC ........................... 3
1,400 * ANCHOR GAMING CO ........................... 67
2,800 * ARGOSY GAMING CORP ......................... 40
8,500 * AZTAR CORP ................................. 132
3,000 * BALLY TOTAL FITNESS HOLDINGS CORP .......... 76
2,400 * BOCA RESORTS, INC (CLASS A) ................ 24
4,500 * BOYD GAMING CORP ........................... 25
1,700 * CHAMPIONSHIP AUTO RACING TEAMS, INC ........ 43
5,900 * CHOICE HOTELS INTERNATIONAL, INC ........... 59
1,900 * CRESTLINE CAPITAL CORP ..................... 32
1,000 DOVER DOWNS ENTERTAINMENT, INC ............. 14
9,600 * EXTENDED STAY AMERICA, INC ................. 89
10,000 * HARRAH'S ENTERTAINMENT, INC ................ 209
8,827 HILTON HOTELS CORP ......................... 83
1,900 INTERNATIONAL SPEEDWAY CORP (CLASS A ) ..... 79
65 * INTERSTATE HOTELS CORP ..................... 0
25 * LAKES GAMING, INC .......................... 0
4,600 * LODGIAN, INC ............................... 11
9,900 * MANDALAY RESORT GROUP ...................... 198
15,100 MARRIOTT INTERNATIONAL, INC (CLASS A) ...... 545
20,300 * PARK PLACE ENTERTAINMENT CORP .............. 247
2,400 * PINNACLE ENTERTAINMENT, INC ................ 47
4,800 * PRIME HOSPITALITY CORP ..................... 45
4,950 * SFX ENTERTAINMENT, INC (CLASS A) ........... 224
14,693 STARWOOD HOTELS & RESORTS WORLDWIDE ........ 478
2,400 * STATION CASINOS, INC ....................... 60
1,500 * STEINWAY MUSICAL INSTRUMENTS, INC .......... 25
1,500 b* SUNTERRA CORP .............................. 0
600 * VAIL RESORTS, INC .......................... 10
4,900 * WESTWOOD ONE, INC .......................... 167
9,771 * WYNDHAM INTERNATIONAL, INC ................. 24
---------
3,056
---------
PUBLISHING--0.66%
4,100 AMERICAN GREETINGS CORP (CLASS A) .......... 78
4,400 BANTA CORP ................................. 83
11,700 BELO (A.H.) CORP SERIES A .................. 203
2,200 CENTRAL NEWSPAPERS, INC (CLASS A) .......... 139
1,500 * CONSOLIDATED GRAPHICS, INC ................. 14
1,000 * CSS INDUSTRIES, INC ........................ 20
80 * DAY RUNNER, INC ............................ 0
4,900 DELUXE CORP ................................ 115
6,000 DONNELLEY (R.R.) & SONS CO ................. 135
5,200 DOW JONES & CO, INC ........................ 381
500 * FRANKLIN COVEY CO .......................... 3
22,900 GANNETT CO, INC ............................ 1,370
2,200 HARLAND (JOHN H.) CO ....................... 33
4,200 HARTE-HANKS, INC ........................... 105
900 HOUGHTON MIFFLIN CO ........................ 42
100 * JOURNAL REGISTER CO ........................ 2
4,200 KNIGHT-RIDDER, INC ......................... 223
7,300 LEE ENTERPRISES, INC ....................... 170
1,300 MCCLATCHY CO (CLASS A) ..................... 43
17,500 MCGRAW HILL COS, INC ....................... 945
2,873 MEDIA GENERAL, INC (CLASS A) ............... 140
4,000 MEREDITH CORP .............................. 135
16,200 NEW YORK TIMES CO (CLASS A) ................ 640
82 NEWS CORP LTD .............................. 4
475 * PAXAR CORP ................................. 6
2,500 PENTON MEDIA, INC .......................... 88
1,000 * PLAYBOY ENTERPRISES, INC (CLASS B) ......... 13
9,300 * PRIMEDIA, INC .............................. 212
60 * R.H. DONNELLEY CORP ........................ 1
8,500 READER'S DIGEST ASSOCIATION,
INC (CLASS A) (NON-VOTE) ................. 338
7,000 REYNOLDS & REYNOLDS CO (CLASS A) ........... 128
1,600 SCHAWK, INC (CLASS A) ...................... 15
1,700 * SCHOLASTIC CORP ............................ 104
3,900 SCRIPPS (E.W.) CO (CLASS A) ................ 192
</TABLE>
18
See notes to financial statements.
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
PUBLISHING--(CONTINUED)
100 STANDARD REGISTER, INC ..................... $ 1
800 TIMES MIRROR CO SERIES A ................... 73
4,300 * TOPPS, INC ................................. 49
11,400 TRIBUNE CO ................................. 399
4,900 WALLACE COMPUTER SERVICES, INC ............. 48
600 WASHINGTON POST CO (CLASS B) ............... 287
6,400 WILEY (JOHN) & SONS, INC (CLASS A) ......... 144
13 * WORKFLOW MANAGEMENT, INC ................... 0
800 * ZIFF-DAVIS, INC -ZD ........................ 7
---------
7,127
---------
TOTAL MEDIA AND LEISURE .................... 40,722
---------
RETAIL AND WHOLESALE--2.63%
GENERAL MERCHANDISE STORES--2.63%
100 * 99 CENTS ONLY STORES ....................... 4
1,400 * ACTION PERFORMANCE COS, INC ................ 10
14,000 * AMAZON.COM, INC ............................ 508
1,500 * AMES DEPARTMENT STORES, INC ................ 12
4,600 ARMSTRONG HOLDINGS, INC .................... 70
3,900 * BARNES & NOBLE, INC ........................ 87
3,700 * BARNESANDNOBLE.COM, INC .................... 24
700 * BARNETT, INC ............................... 7
4,200 * BJS WHOLESALE CLUB, INC .................... 139
1,900 BLYTH, INC ................................. 56
7,800 * BORDERS GROUP, INC ......................... 121
1,000 * BOYDS COLLECTION LTD ....................... 9
2,600 BRADY CORP (CLASS A) ....................... 85
2,400 b* CALDOR CORP ................................ 0
5,100 CALLAWAY GOLF CO ........................... 83
7,400 CASEYS GENERAL STORES, INC ................. 77
400 CASH AMERICA INTERNATIONAL, INC ............ 3
3,800 * CDW COMPUTER CENTERS, INC .................. 238
500 * COLDWATER CREEK, INC ....................... 15
8,500 * CONSOLIDATED STORES CORP ................... 102
2,150 * COST PLUS, INC ............................. 62
31,800 * COSTCO WHOLESALE CORP ...................... 1,049
6,100 DILLARDS, INC (CLASS A) .................... 75
200 * DIRECT FOCUS, INC .......................... 10
7,525 DOLLAR GENERAL CORP ........................ 147
7,275 * DOLLAR TREE STORES, INC .................... 288
2,400 * E4L, INC ................................... 2
4,351 * EGGHEAD.COM, INC ........................... 13
600 ENESCO GROUP, INC .......................... 3
1,000 * ETOYS, INC ................................. 6
200 * FACTORY 2-U STORES, INC .................... 8
9,600 FAMILY DOLLAR STORES, INC .................. 188
900 FASTENAL CO ................................ 46
3,300 * FATBRAIN.COM, INC .......................... 22
19,570 * FEDERATED DEPARTMENT STORES, INC ........... 660
2,500 * HA-LO INDUSTRIES, INC ...................... 14
3,500 * HANDLEMAN CO ............................... 44
16,100 * HANOVER DIRECT, INC ........................ 25
2,400 HARCOURT GENERAL, INC ...................... 131
21,650 HASBRO, INC ................................ 326
1,700 * HEXCEL CORP ................................ 16
5,200 * HOMEBASE, INC .............................. 8
1,100 * IDENTIX, INC ............................... 17
2,200 * INSIGHT ENTERPRISES, INC ................... 130
4,353 * INTERNATIONAL GAME TECHNOLOGY CO ........... 115
1,700 * ITURF, INC ................................. 5
1,000 * JAKKS PACIFIC, INC ......................... 15
25,600 * K MART CORP ................................ 174
23,900 * KOHLS CORP ................................. 1,329
2,800 * LYDALL, INC ................................ 30
81 * MARVEL ENTERPRISES (CLASS A) WTS ........... 0
138 * MARVEL ENTERPRISES (CLASS C) WTS 10/02/02 .. 0
22,489 MATTEL, INC ................................ 297
21,600 MAY DEPARTMENT STORES CO ................... 518
3,300 * MICHAELS STORES, INC ....................... 151
32,800 MINNESOTA MINING & MANUFACTURING CO ........ 2,706
3,500 * NEIMAN MARCUS GROUP, INC (CLASS A) ......... 103
723 * NEIMAN MARCUS GROUP, INC (CLASS B) ......... 20
26,300 * OFFICE DEPOT, INC .......................... 164
8,050 * OFFICEMAX, INC ............................. 40
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
600 * PARTY CITY CORP ............................ $ 2
10,445 PENNEY, (J.C.) CO, INC ..................... 193
4,500 * PETCO ANIMAL SUPPLIES, INC ................. 88
4,500 * PETSMART, INC .............................. 15
1,000 * RACING CHAMPIONS CORP ...................... 2
1,500 RUSS BERRIE & CO, INC ...................... 29
10,600 * SAKS, INC .................................. 111
3,600 * SCHEIN (HENRY), INC ........................ 62
28,200 SEARS ROEBUCK & CO ......................... 920
900 b* SERVICE MERCHANDISE CO, INC ................ 0
2,000 * SHOP AT HOME, INC .......................... 9
3,000 * SHOPKO STORES, INC ......................... 46
700 SPIEGEL, INC (CLASS A) ..................... 6
35,262 * STAPLES, INC ............................... 542
2,600 * SUNGLASS HUT INTERNATIONAL, INC ............ 21
1,100 * SYSTEMAX, INC .............................. 4
37,700 TARGET CORP ................................ 2,187
6,400 TIFFANY & CO ............................... 432
11,287 * TOYS R US, INC ............................. 164
3,025 * U.S. OFFICE PRODUCTS CO .................... 1
3,000 * VALUE AMERICA, INC ......................... 3
2,100 * VALUEVISION INTERNATIONAL, INC ............. 50
8,700 * VENATOR GROUP, INC ......................... 89
217,600 WAL-MART STORES, INC ....................... 12,539
1,000 * WMS INDUSTRIES, INC ........................ 15
4,900 * ZALE CORP .................................. 179
---------
TOTAL RETAIL AND WHOLESALE ................. 28,316
---------
TECHNOLOGY--20.90%
COMMUNICATIONS EQUIPMENT--1.89%
1,700 * ACT NETWORKS, INC .......................... 26
3,500 * ACTV, INC .................................. 52
100 * ADAPTIVE BROADBAND CORP .................... 4
27,205 * ADC TELECOMMUNICATIONS, INC ................ 2,282
1,100 * ADTRAN, INC ................................ 66
5,400 * ADVANCED FIBRE COMMUNICATIONS, INC ......... 245
1,400 * ALLEN TELECOM, INC ......................... 25
8,900 * AMERICAN TOWER CORP (CLASS A) .............. 371
2,400 * AMPEX CORP (CLASS A) ....................... 4
3,300 * ANCOR COMMUNICATIONS, INC .................. 118
3,675 * ANDREW CORP ................................ 123
6,300 * ASPECT TELECOMMUNICATIONS CORP ............. 248
900 * BROOKTROUT, INC ............................ 20
600 * CARRIER ACCESS CORP ........................ 32
2,000 * C-COR.NET CORP ............................. 54
7,000 b* CELLNET DATA SYSTEMS, INC .................. 0
2,400 * CHECKPOINT SYSTEMS, INC .................... 18
11,300 * CIENA CORP ................................. 1,884
1,300 * COMMSCOPE, INC ............................. 53
10,824 * COMVERSE TECHNOLOGY, INC ................... 1,007
700 * COPPER MOUNTAIN NETWORKS, INC .............. 62
4,700 * DIGITAL MICROWAVE CORP ..................... 179
12,700 * ECHOSTAR COMMUNICATIONS CORP (CLASS A) ..... 420
4,000 * ELOT, INC .................................. 8
500 * ESHARE COMMUNICATIONS, INC ................. 4
17,200 b* GEOTEK COMMUNICATIONS, INC ................. 0
3,025 * GLENAYRE TECHNOLOGIES, INC ................. 32
1,300 * GLOBIX CORP ................................ 38
4,036 * HARMONIC, INC .............................. 100
8,800 HARRIS CORP ................................ 288
900 * INET TECHNOLOGIES, INC ..................... 49
3,700 * INTERDIGITAL COMMUNICATIONS CORP ........... 61
275 * INTERLOGIX, INC ............................ 4
2,200 INTER-TEL, INC ............................. 35
3,600 * INTERVOICE-BRITE, INC ...................... 24
2,500 * L-3 COMMUNICATIONS HOLDINGS, INC ........... 143
300 * LO-JACK CORP ............................... 2
600 * METRICOM, INC .............................. 17
167,205 MOTOROLA, INC .............................. 4,859
7,000 * P-COM, INC ................................. 40
5,600 * PICTURETEL CORP ............................ 15
1,800 * PLANTRONICS, INC ........................... 208
1,900 * POLYCOM, INC ............................... 179
3,700 * POWERWAVE TECHNOLOGIES, INC ................ 163
51,200 * QUALCOMM, INC .............................. 3,072
</TABLE>
See notes to financial statements.
19
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
COMMUNICATIONS EQUIPMENT--(CONTINUED)
14,200 SCIENTIFIC-ATLANTA, INC .................... $ 1,058
1,900 * SCM MICROSYSTEMS, INC ...................... 115
6,300 * SENSORMATIC ELECTRONICS CORP ............... 100
1,600 * TEKELEC .................................... 77
26,200 * TELLABS, INC ............................... 1,793
3,800 * TERAYON COMMUNICATION SYSTEMS, INC ......... 244
1,200 * TUT SYSTEMS, INC ........................... 69
4,100 * WEBLINK WIRELESS, INC ...................... 54
2,300 * WESTELL TECHNOLOGIES, INC (CLASS A) ........ 35
4,400 * WORLD ACCESS, INC .......................... 49
1,900 * YOUTHSTREAM MEDIA NETWORKS, INC ............ 11
800 * ZIXIT CORP ................................. 37
---------
20,276
---------
COMPUTERS AND OFFICE EQUIPMENT--18.46%
26,942 * 3COM CORP .................................. 1,553
800 * ABOUT.COM, INC ............................. 25
4,800 * ACCLAIM ENTERTAINMENT, INC ................. 7
500 * ACTIVISION, INC ............................ 3
2,400 * ACTUATE CORP ............................... 128
4,760 * ACXIOM CORP ................................ 130
8,400 * ADAPTEC, INC ............................... 191
8,600 ADOBE SYSTEMS, INC ......................... 1,118
5,400 * ADVANCED DIGITAL INFORMATION CORP .......... 86
2,100 * ADVENT SOFTWARE, INC ....................... 135
3,500 * AFFILIATED COMPUTER SERVICES, INC (CLASS A) 116
1,500 * ALLAIRE CORP ............................... 55
40 * AMDOCS LTD ................................. 3
180,622 * AMERICA ONLINE, INC ........................ 9,528
4,350 * AMERICAN MANAGEMENT SYSTEMS, INC ........... 143
3,300 ANALYSTS INTERNATIONAL CORP ................ 31
1,300 * APEX, INC .................................. 57
23,600 * APPLE COMPUTER, INC ........................ 1,236
900 * APPLIEDTHEORY CORP ......................... 14
3,700 * ASHTON TECHNOLOGY GROUP, INC ............... 11
1,800 * ASPEN TECHNOLOGY, INC ...................... 69
4,700 * AUSPEX SYSTEMS, INC ........................ 23
400 * AUTOBYTEL.COM, INC ......................... 2
2,100 AUTODESK, INC .............................. 73
51,795 AUTOMATIC DATA PROCESSING, INC ............. 2,774
2,700 * AVANT CORP ................................. 51
2,200 * AVT CORP ................................... 16
900 * AWARE, INC ................................. 46
1,900 * AXENT TECHNOLOGIES, INC .................... 47
20 * AZTEC TECHNOLOGY PARTNERS, INC ............. 0
100 * BARRA, INC ................................. 5
26,200 * BEA SYSTEMS, INC ........................... 1,295
2,300 * BELL & HOWELL CO ........................... 56
4,500 * BEYOND.COM CORP ............................ 6
3,200 * BINDVIEW DEVELOPMENT CORP .................. 38
1,300 * BISYS GROUP, INC ........................... 80
900 * BLACK BOX CORP ............................. 71
18,000 * BMC SOFTWARE, INC .......................... 657
600 * BOTTOMLINE TECHNOLOGIES, INC ............... 21
1,300 * BRIO TECHNOLOGY, INC ....................... 28
14,300 * BROADVISION, INC ........................... 727
2,100 * BROCADE COMMUNICATIONS SYSTEMS, INC ........ 385
8,600 * CABLETRON SYSTEMS, INC ..................... 217
22,000 * CADENCE DESIGN SYSTEMS, INC ................ 448
2,000 * CAIS INTERNET, INC ......................... 28
2,900 * CAMBRIDGE TECHNOLOGY PARTNERS, INC ......... 25
2,700 * CCC INFORMATION SERVICES GROUP, INC ........ 29
3,200 * C-CUBE MICROSYSTEMS, INC (NEW) ............. 63
8,700 * CERIDIAN CORP .............................. 209
800 * CERNER CORP ................................ 22
2,800 * CIBER, INC ................................. 37
6,300 * CIRRUS LOGIC, INC .......................... 101
545,954 * CISCO SYSTEMS, INC ......................... 34,702
13,400 * CITRIX SYSTEMS, INC ........................ 254
2,900 * CNET NETWORKS, INC ......................... 71
1,000 * COGNIZANT TECHNOLOGY SOLUTIONS CORP ........ 33
12,800 COMDISCO, INC .............................. 286
138,084 COMPAQ COMPUTER CORP ....................... 3,530
2,400 * COMPLETE BUSINESS SOLUTIONS, INC ........... 42
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
38,376 COMPUTER ASSOCIATES INTERNATIONAL, INC ..... $ 1,964
1,050 * COMPUTER HORIZONS CORP ..................... 14
1,500 * COMPUTER NETWORK TECHNOLOGY CORP ........... 26
11,396 * COMPUTER SCIENCES CORP ..................... 851
1,300 COMPUTER TASK GROUP, INC ................... 7
24,300 * COMPUWARE CORP ............................. 252
1,400 * CONCORD COMMUNICATIONS, INC ................ 56
800 * CONCUR TECHNOLOGIES, INC ................... 3
5,000 * CONCURRENT COMPUTER CORP ................... 66
1,100 * CONVERGYS CORP ............................. 57
1,200 * COSTAR GROUP, INC .......................... 30
2,100 * COTELLIGENT, INC ........................... 12
2,500 * CSG SYSTEMS INTERNATIONAL, INC ............. 140
3,400 * CYBERCASH, INC ............................. 16
5,860 * CYBERGUARD CORP ............................ 37
750 * CYBEX COMPUTER PRODUCTS CORP ............... 32
1,500 * DATA BROADCASTING CORP ..................... 9
2,000 * DATASTREAM SYSTEMS, INC .................... 25
166,086 * DELL COMPUTER CORP ......................... 8,190
2,700 * DENDRITE INTERNATIONAL, INC ................ 90
3,850 DIEBOLD, INC ............................... 107
3,100 * DIGITAL RIVER, INC ......................... 24
1,300 * DOCUMENTUM, INC ............................ 116
800 * DSP GROUP, INC ............................. 45
3,986 * DST SYSTEMS, INC ........................... 303
6,199 * EARTHLINK, INC ............................. 96
1,600 * EARTHWEB, INC .............................. 22
1,800 * ECHELON CORP ............................... 104
2,700 * ECLIPSYS CORP .............................. 20
2,500 * EFAX.COM, INC .............................. 3
3,500 * ELECTRONIC ARTS, INC ....................... 255
29,100 ELECTRONIC DATA SYSTEMS CORP ............... 1,200
4,200 * ELECTRONICS FOR IMAGING, INC ............... 106
3,475 * ELOYALTY CORP .............................. 44
161,100 * EMC CORP ................................... 12,395
2,400 * EMULEX CORP ................................ 158
1,400 * ENTRUST TECHNOLOGIES, INC .................. 116
4,500 * EPICOR SOFTWARE CORP ....................... 11
1,600 * EPRESENCE, INC ............................. 12
1,100 * EXCALIBUR TECHNOLOGIES CORP ................ 44
2,800 * EXCHANGE APPLICATIONS, INC ................. 75
11,250 * EXCITE AT HOME ............................. 233
2,000 * EXTREME NETWORKS, INC ...................... 211
2,600 FACTSET RESEARCH SYSTEMS, INC .............. 73
3,100 * FILENET CORP ............................... 57
35,206 FIRST DATA CORP ............................ 1,747
9,475 * FISERV, INC ................................ 410
1,900 * FISHER SCIENTIFIC INTERNATIONAL, INC ....... 47
64 * FRONTLINE CAPITAL GROUP, INC ............... 1
2,624 * GARTNER GROUP, INC (CLASS B) ............... 26
11,000 * GATEWAY, INC ............................... 624
3,400 GERBER SCIENTIFIC, INC ..................... 39
2,600 * GLOBAL IMAGING SYSTEMS, INC ................ 27
5,350 * GO.COM ..................................... 64
1,800 * GO2NET, INC ................................ 91
1,300 * GREAT PLAINS SOFTWARE, INC ................. 26
4,900 * GTECH HOLDINGS CORP ........................ 111
3,099 * HEALTHEON/WEBMD CORP ....................... 46
69,000 HEWLETT-PACKARD CO ......................... 8,616
1,700 * HNC SOFTWARE, INC .......................... 105
1,200 * HYPERCOM CORP .............................. 17
1,830 * HYPERION SOLUTIONS CORP .................... 59
7,780 * I2 TECHNOLOGIES, INC ....................... 811
300 * IDX SYSTEMS CORP ........................... 4
3,300 * IGATE CAPITAL CORP ......................... 45
12,800 IKON OFFICE SOLUTIONS, INC ................. 50
2,230 * IMATION CORP ............................... 66
1,900 * IMRGLOBAL CORP ............................. 25
30,100 IMS HEALTH, INC ............................ 542
8,700 b* INACOM CORP ................................ 1
100 * INDUSTRI-MATEMATIK INTERNATIONAL CORP ...... 1
3,300 * INFOCURE CORP .............................. 19
2,900 * INFOCUS CORP ............................... 93
440 * INFOGRAMES, INC ............................ 4
1,500 * INFORMATICA CORP ........................... 123
</TABLE>
20
See notes to financial statements.
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
COMPUTERS AND OFFICE EQUIPMENT--(CONTINUED)
32,100 * INFORMIX CORP .............................. $ 239
9,600 * INFOSPACE.COM, INC ......................... 530
3,500 * INFOUSA, INC ............................... 23
1,200 * INGRAM MICRO, INC (CLASS A) ................ 21
5,900 * INKTOMI CORP ............................... 698
900 * INTERACT COMMERCE CORP ..................... 11
5,800 * INTERGRAPH CORP ............................ 44
143,000 INTERNATIONAL BUSINESS MACHINES CORP ....... 15,667
11,400 * INTUIT, INC ................................ 472
18,400 * IOMEGA CORP ................................ 74
2,800 * ISS GROUP, INC ............................. 276
2,600 * IVILLAGE, INC .............................. 22
700 * J.D. EDWARDS & CO .......................... 11
2,200 JACK HENRY & ASSOCIATES, INC ............... 110
1,500 * JDA SOFTWARE GROUP, INC .................... 29
2,000 * JUNO ONLINE SERVICES, INC .................. 22
2,700 * KEANE, INC ................................. 58
1,500 * KRONOS, INC ................................ 39
4,600 * LANIER WORLDWIDE, INC ...................... 5
5,500 * LEARN2.COM, INC ............................ 11
900 b* LEASING SOLUTIONS, INC ..................... 0
6,000 * LEGATO SYSTEMS, INC ........................ 91
9,600 * LEXMARK INTERNATIONAL, INC ................. 646
1,300 * LHS GROUP, INC ............................. 45
6,400 * LYCOS, INC ................................. 346
3,300 * MACROMEDIA, INC ............................ 319
2,400 * MACROVISION CORP ........................... 153
500 * MANHATTAN ASSOCIATES, INC .................. 13
1,700 * MANUGISTICS GROUP, INC ..................... 79
900 * MAPICS, INC ................................ 5
1,200 * MARIMBA, INC ............................... 17
100 * MARKETWATCH.COM, INC ....................... 2
11,100 * MAXTOR CORP ................................ 117
200 * MCSI, INC .................................. 5
1,500 * MEDICONSULT.COM, INC ....................... 2
2,800 * MEDQUIST, INC .............................. 95
7,400 * MENTOR GRAPHICS CORP ....................... 147
60 * MERANT PLC ADR ............................. 1
1,300 * MERCATOR SOFTWARE, INC ..................... 89
1,500 * MERCURY COMPUTER SYSTEMS, INC .............. 48
6,000 * MERCURY INTERACTIVE CORP ................... 581
14,100 * MERISEL, INC ............................... 11
1,000 * METRO INFORMATION SERVICES, INC ............ 10
800 b* MICROAGE, INC .............................. 0
1,800 * MICROMUSE, INC ............................. 298
200 * MICRON ELECTRONICS, INC .................... 3
2,000 * MICROS SYSTEMS, INC ........................ 37
302,668 * MICROSOFT CORP ............................. 24,213
6,500 * MICROSTRATEGY, INC ......................... 195
1,100 * MIDWAY GAMES, INC .......................... 9
900 * MIPS TECHNOLOGIES, INC ..................... 38
4 * MOMENTUM BUSINESS APPLICATIONS, INC ........ 0
1,800 * MTI TECHNOLOGY CORP ........................ 14
500 * MULTEX.COM, INC ............................ 13
3,300 NATIONAL COMPUTER SYSTEMS, INC ............. 163
2,700 NATIONAL DATA CORP ......................... 62
2,475 * NATIONAL INSTRUMENTS CORP .................. 108
2,300 * NCO GROUP, INC ............................. 53
1,300 * NET PERCEPTIONS, INC ....................... 21
1,000 * NETOBJECTS, INC ............................ 9
600 * NETOPIA, INC ............................... 24
21,800 * NETWORK APPLIANCE, INC ..................... 1,755
2,100 * NETWORK EQUIPMENT TECHNOLOGIES, INC ........ 21
3,500 * NETWORK PERIPHERALS, INC ................... 59
10,399 * NETWORKS ASSOCIATES, INC ................... 212
2,300 * NEW ERA OF NETWORKS, INC ................... 98
14,600 * NOVELL, INC ................................ 135
2,200 * ONEMAIN.COM, INC ........................... 25
400 * ONHEALTH NETWORK CO ........................ 1
800 * ONYX SOFTWARE CORP ......................... 24
2,600 * OPEN MARKET, INC ........................... 36
172,524 * ORACLE CORP ................................ 14,503
3,400 OWENS & MINOR, INC ......................... 58
11,610 * PARAMETRIC TECHNOLOGY CORP ................. 128
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
2,250 * PATTERSON DENTAL CO ........................ $ 115
25,875 PAYCHEX, INC ............................... 1,087
700 * PCORDER.COM, INC ........................... 5
1,200 * PEGASYSTEMS, INC ........................... 6
16,500 * PEOPLESOFT, INC ............................ 276
1,466 * PER SE TECHNOLOGIES, INC ................... 14
8,800 * PEREGRINE SYSTEMS, INC ..................... 305
2,900 * PEROT SYSTEMS CORP (CLASS A) ............... 32
1,700 * PERVASIVE SOFTWARE, INC .................... 10
900 * PHOENIX TECHNOLOGIES LTD ................... 15
4,200 f* PHYSICIAN COMPUTER NETWORK, INC ............ 0
23,300 PITNEY BOWES, INC .......................... 932
2,300 * POLICY MANAGEMENT SYSTEMS CORP ............. 35
2,100 * PORTAL SOFTWARE, INC ....................... 134
2,800 * PRICELINE.COM, INC ......................... 106
6,300 f* PROCURENET, INC ............................ 1
1,000 * PRODIGY COMMUNICATIONS CORP (CLASS A) ...... 11
4,100 * PROGRESS SOFTWARE CORP ..................... 74
1,000 * PROJECT SOFTWARE & DEVELOPMENT, INC ........ 18
1,800 * PROXICOM, INC .............................. 86
800 * PROXIM, INC ................................ 79
9,372 * PSINET, INC ................................ 235
3,000 * PSS WORLD MEDICAL, INC ..................... 20
1,050 * QRS CORP ................................... 26
3,300 * QUADRAMED CORP ............................. 8
11,800 * QUANTUM CORP-DLT & STORAGE SYSTEMS GROUP ... 114
15,100 * QUANTUM CORP-HARD DISK DRIVE GROUP ......... 167
600 * RADIANT SYSTEMS, INC ....................... 14
700 * RADISYS CORP ............................... 40
4,100 * RARE MEDIUM GROUP, INC ..................... 71
7,083 * RATIONAL SOFTWARE CORP ..................... 658
1,800 * RAZORFISH, INC ............................. 29
5,300 * REALNETWORKS, INC .......................... 268
2,000 * REMEDY CORP ................................ 112
2,600 * RSA SECURITY, INC .......................... 180
13,816 SABRE HOLDINGS CORP ........................ 394
6,800 * SAFEGUARD SCIENTIFICS, INC ................. 218
1,900 * SAGA SYSTEMS, INC .......................... 24
900 * SAGENT TECHNOLOGY, INC ..................... 13
1,200 * SANCHEZ COMPUTER ASSOCIATES, INC ........... 29
4,046 * SANDISK CORP ............................... 248
2,100 * SANTA CRUZ OPERATION, INC .................. 13
2,000 * SAPIENT CORP ............................... 214
1,700 * SCIENT CORP ................................ 75
16,248 * SEAGATE TECHNOLOGY, INC .................... 894
5,400 SEI INVESTMENTS CO ......................... 215
2,300 * SERENA SOFTWARE, INC ....................... 104
300 SHARED MEDICAL SYSTEMS CORP ................ 22
11,284 * SIEBEL SYSTEMS, INC ........................ 1,846
4,200 * SILICON GRAPHICS, INC ...................... 16
3,300 * SOFTNET SYSTEMS, INC ....................... 32
600 * SOURCE INFORMATION MANAGEMENT CO ........... 9
2,400 * SOURCE MEDIA, INC .......................... 9
3,000 * SPORTSLINE.COM, INC ........................ 51
1,500 * SPYGLASS, INC .............................. 47
900 * STARMEDIA NETWORK, INC ..................... 17
7,200 * STORAGE TECHNOLOGY CORP .................... 79
4,300 * STRUCTURAL DYNAMICS RESEARCH CORP .......... 65
124,136 * SUN MICROSYSTEMS, INC ...................... 11,289
10,000 * SUNGARD DATA SYSTEMS, INC .................. 310
2,000 * SVI HOLDINGS, INC .......................... 10
6,400 * SYBASE, INC ................................ 147
1,700 * SYKES ENTERPRISES, INC ..................... 22
3,900 * SYMANTEC CORP .............................. 210
8,550 SYMBOL TECHNOLOGIES, INC ................... 462
4,600 * SYNOPSYS, INC .............................. 159
800 * SYNTEL, INC ................................ 8
3,500 * SYSTEMS & COMPUTER TECHNOLOGY CORP ......... 70
3,900 * TECH DATA CORP ............................. 170
5,475 * TECHNOLOGY SOLUTIONS CO .................... 34
200 * TENFOLD CORP ............................... 3
300 * THESTREET.COM, INC ......................... 2
2,000 * THQ, INC ................................... 24
2,400 * TICKETMASTER ONLINE-CITYSEARCH, INC ........ 38
1,000 TOTAL SYSTEM SERVICES, INC ................. 16
</TABLE>
See notes to financial statements.
21
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
COMPUTERS AND OFFICE EQUIPMENT--(CONTINUED)
1,600 * TRANSACTION SYSTEMS ARCHITECTS, INC ........ $ 27
700 * UNIGRAPHICS SOLUTIONS, INC ................. 14
24,108 * UNISYS CORP ................................ 351
3,400 * USINTERNETWORKING, INC ..................... 69
5,300 * VERIO, INC ................................. 294
8,365 * VERISIGN, INC .............................. 1,476
31,512 * VERITAS SOFTWARE CORP ...................... 3,561
2,300 * VERITY, INC ................................ 87
8,100 * VIGNETTE CORP .............................. 421
2,300 * VISUAL NETWORKS, INC ....................... 66
3,900 * WAVE SYSTEMS CORP (CLASS A) ................ 62
1,600 * WEBTRENDS CORP ............................. 62
34,900 * WESTERN DIGITAL CORP ....................... 175
3,463 * WIND RIVER SYSTEMS, INC .................... 131
2,000 * XIRCOM, INC ................................ 95
19,712 * YAHOO, INC ................................. 2,442
1,700 * ZEBRA TECHNOLOGY CORP ...................... 75
900 * ZIFF-DAVIS, INC -ZDNET ..................... 8
---------
198,490
---------
ELECTRONICS AND OTHER TECHNOLOGY--0.21%
14,500 * BEST BUY CO, INC ........................... 917
6,379 * CDNOW, INC ................................. 20
14,900 CIRCUIT CITY STORES-CIRCUIT CITY GROUP ..... 494
2,400 * CYBERIAN OUTPOST, INC ...................... 12
1,300 * GUITAR CENTER, INC ......................... 14
1,900 * INTERTAN, INC .............................. 22
4,500 * MUSICLAND STORES CORP ...................... 33
15,700 RADIOSHACK CORP ............................ 744
2,550 * TRANS WORLD ENTERTAINMENT CORP ............. 31
500 * TWEETER HOME ENTERTAINMENT GROUP, INC ...... 15
---------
2,302
---------
INSTRUMENTS AND RELATED PRODUCTS--0.34%
1,200 * ANACOMP, INC ............................... 4
3,400 * AVID TECHNOLOGIES, INC ..................... 41
2,300 * CYMER, INC ................................. 110
26,400 EASTMAN KODAK CO ........................... 1,571
2,500 * LITTON INDUSTRIES, INC ..................... 105
3,200 * PINNACLE SYSTEMS, INC ...................... 72
4,018 RAYTHEON CO (CLASS A) ...................... 78
18,200 RAYTHEON CO (CLASS B) ...................... 350
2,500 * TRIMBLE NAVIGATION LTD ..................... 122
56,700 XEROX CORP ................................. 1,177
---------
3,630
---------
TOTAL TECHNOLOGY ........................... 224,698
---------
TRANSPORTATION--3.04%
AEROSPACE AND DEFENSE--0.13%
300 * ALLIANT TECHSYSTEMS, INC ................... 20
11,200 GENERAL DYNAMICS CORP ...................... 585
5,106 GOODRICH (B.F.) CO ......................... 174
21,592 LOCKHEED MARTIN CORP ....................... 536
1,000 NEWPORT NEWS SHIPBUILDING, INC ............. 37
3,600 * ORBITAL SCIENCES CORP ...................... 44
1,086 * TELEDYNE TECHNOLOGIES, INC ................. 18
---------
1,414
---------
AIR TRANSPORTATION--0.89%
2,100 AIRBORNE FREIGHT CORP ...................... 40
400 * AIRNET SYSTEMS, INC ........................ 2
7,100 * AIRTRAN HOLDINGS, INC ...................... 30
2,400 * ALASKA AIR GROUP, INC ...................... 65
3,200 * AMERICA WEST HOLDINGS CORP (CLASS B) ....... 55
15,600 * AMR CORP ................................... 412
1,100 * ATLAS AIR, INC ............................. 39
200 * AVIALL, INC ................................ 1
1,800 * BE AEROSPACE, INC .......................... 12
76,854 BOEING CO .................................. 3,213
900 b* BREED TECHNOLOGIES, INC .................... 0
700 * CONTINENTAL AIRLINES, INC (CLASS B) ........ 33
12,500 DELTA AIRLINES, INC ........................ 632
900 * EGL, INC ................................... 28
22,240 * FEDEX CORP ................................. 845
300 * FRONTIER AIRLINES, INC ..................... 4
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
1,800 * KELLSTROM INDUSTRIES, INC .................. $ 8
400 * MESA AIR GROUP, INC ........................ 2
600 * MESABA HOLDINGS, INC ....................... 6
7,377 NORTHROP GRUMMAN CORP ...................... 489
3,700 * OFFSHORE LOGISTICS, INC .................... 53
900 SKYWEST, INC ............................... 33
34,501 SOUTHWEST AIRLINES CO ...................... 653
11,300 TEXTRON, INC ............................... 614
10,300 * TRANS WORLD AIRLINES, INC .................. 23
1,100 * TRIUMPH GROUP, INC ......................... 31
1,200 * U.S. AIRWAYS GROUP, INC .................... 47
4,000 UAL CORP ................................... 233
33,529 UNITED TECHNOLOGIES CORP ................... 1,974
---------
9,577
---------
AUTOS, TIRES AND RETATED PRODUCTS--1.56%
900 * AFTERMARKET TECHNOLOGY CORP ................ 8
4,100 ARVIN INDUSTRIES, INC ...................... 71
4,684 AUTOLIV, INC ............................... 113
25,900 * AUTONATION, INC ............................ 183
1,500 * AUTOWEB.COM, INC ........................... 3
12,800 * AUTOZONE, INC .............................. 282
2,400 * AVIS GROUP HOLDINGS, INC ................... 45
700 BANDAG, INC ................................ 17
2,400 BORGWARNER, INC ............................ 84
2,300 * BUDGET GROUP, INC .......................... 9
50 CENTRAL PARKING CORP ....................... 1
4,000 CLARCOR, INC ............................... 80
300 COACHMEN INDUSTRIES, INC ................... 3
4,300 COOPER TIRE & RUBBER CO .................... 48
4,400 * COPART, INC ................................ 70
2,700 * CSK AUTO CORP .............................. 20
15,324 DANA CORP .................................. 325
9,600 DANAHER CORP ............................... 475
3,000 * DELCO REMY INTERNATIONAL , INC (CLASS A) ... 25
38,482 DELPHI AUTOMOTIVE SYSTEMS CORP ............. 560
4,200 * DOLLAR THRIFTY AUTOMOTIVE GROUP, INC ....... 77
6,900 EATON CORP ................................. 462
2,100 FEDERAL SIGNAL CORP ........................ 35
5,300 FLEETWOOD ENTERPRISES, INC ................. 76
87,500 FORD MOTOR CO .............................. 3,763
4,100 GENCORP, INC ............................... 33
43,650 GENERAL MOTORS CORP ........................ 2,534
21,280 * GENERAL MOTORS CORP (CLASS H) .............. 1,867
5,900 * GENTEX CORP ................................ 148
10,100 GENUINE PARTS CO ........................... 202
16,200 GOODYEAR TIRE & RUBBER CO .................. 324
21,300 HARLEY DAVIDSON, INC ....................... 820
2,500 * HAYES LEMMERZ INTERNATIONAL, INC ........... 30
1,200 HERTZ CORP (CLASS A) ....................... 34
60,287 HONEYWELL INTERNATIONAL, INC ............... 2,031
24 * IMPERIAL PARKING CORP ...................... 0
7,500 ITT INDUSTRIES, INC ........................ 228
700 * LITHIA MOTORS, INC (CLASS A) ............... 9
4,500 MASCOTECH, INC ............................. 49
6,266 MERITOR AUTOMOTIVE, INC .................... 69
1,333 MIDAS, INC ................................. 27
2,750 * MONACO COACH CORP .......................... 37
1,600 * NATIONAL R.V. HOLDINGS, INC ................ 17
5,200 * NAVISTAR INTERNATIONAL CORP ................ 162
2,400 * OREILLY AUTOMOTIVE, INC .................... 33
450 OSHKOSH TRUCK CORP ......................... 16
3,000 PACCAR, INC ................................ 119
2,500 PEP BOYS MANNY, MOE, & JACK CO ............. 15
2,100 REGAL-BELOIT CORP .......................... 34
7,750 ROLLINS TRUCK LEASING CORP ................. 54
10,100 RYDER SYSTEM, INC .......................... 191
2,800 SIMPSON INDUSTRIES, INC .................... 21
2,400 SMITH (A.O.) CORP .......................... 50
1,803 * SPX CORP ................................... 218
700 * STONERIDGE, INC ............................ 6
200 SUPERIOR INDUSTRIES INTERNATIONAL, INC ..... 5
3,180 TENNECO AUTOMOTIVE, INC .................... 17
1,200 THOR INDUSTRIES, INC ....................... 25
6,000 TRW, INC ................................... 260
</TABLE>
22
See notes to financial statements.
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
AUTOS, TIRES AND RETATED PRODUCTS--(CONTINUED)
11,456 * VISTEON CORP ............................... $ 139
800 WABASH NATIONAL CORP ....................... 10
2,500 WINNEBAGO INDUSTRIES, INC .................. 33
1,000 WYNNS INTERNATIONAL, INC ................... 23
---------
16,725
---------
RAILROADS--0.34%
2,900 * ABC RAIL PRODUCTS CORP ..................... 23
40,520 BURLINGTON NORTHERN SANTA FE CORP .......... 929
12,400 CSX CORP ................................... 263
2,000 FLORIDA EAST COAST INDUSTRIES, INC ......... 80
5,100 GATX CORP .................................. 173
10,200 KANSAS CITY SOUTHERN INDUSTRIES, INC ....... 905
30,500 NORFOLK SOUTHERN CORP ...................... 454
3,500 TRINITY INDUSTRIES, INC .................... 65
18,082 UNION PACIFIC CORP ......................... 672
5,101 WABTEC CORP ................................ 53
2,500 * WISCONSIN CENTRAL TRANSIT CORP ............. 33
---------
3,650
---------
TRUCKING AND RELATED SERVICES--0.11%
2,700 * AMERICAN FREIGHTWAYS CORP .................. 39
700 ARCTIC CAT, INC ............................ 8
3,400 ARNOLD INDUSTRIES, INC ..................... 41
2,100 C.H. ROBINSON WORLDWIDE, INC ............... 104
4,700 CNF TRANSPORTATION, INC .................... 107
50 * CONSOLIDATED FREIGHTWAYS CORP .............. 0
1,000 * COVENANT TRANSPORT, INC (CLASS A) .......... 8
3,000 EXPEDITORS INTERNATIONAL OF WASHINGTON, INC 143
100 * FORWARD AIR CORP ........................... 4
4,000 GALILEO INTERNATIONAL, INC ................. 84
3,300 HUNT (J.B.) TRANSPORT SERVICES, INC ........ 51
2,990 * IRON MOUNTAIN, INC ......................... 102
1,800 * LANDSTAR SYSTEM, INC ....................... 107
1,500 * M.S. CARRIERS, INC ......................... 26
10 * NAVIGANT INTERNATIONAL, INC ................ 0
3,000 POLARIS INDUSTRIES, INC .................... 96
2,500 ROADWAY EXPRESS, INC ....................... 59
1,000 * RURAL/METRO CORP ........................... 2
975 * SWIFT TRANSPORTATION CO, INC ............... 14
2,400 * TRAVELOCITY.COM, INC ....................... 39
700 * U.S. EXPRESS ENTERPRISES, INC (CLASS A) .... 6
2,700 USFREIGHTWAYS CORP ......................... 66
4,950 WERNER ENTERPRISES, INC .................... 57
3,800 * YELLOW CORP ................................ 56
---------
1,219
---------
WATER TRANSPORTATION--0.01%
200 ALEXANDER & BALDWIN, INC ................... 4
600 * AMERICAN CLASSIC VOYAGES CO ................ 12
500 * KIRBY CORP ................................. 11
950 * MARINE TRANSPORT CORP ...................... 2
400 OVERSEAS SHIPHOLDING GROUP, INC ............ 10
1,600 TIDEWATER, INC ............................. 58
---------
97
---------
TOTAL TRANSPORTATION ....................... 32,682
---------
UTILITIES--11.60%
TELEPHONE--8.82%
300 * @TRACK COMMUNICATIONS, INC ................. 1
1,600 * ADELPHIA BUSINESS SOLUTIONS, INC ........... 37
4,300 * ADVANCED RADIO TELECOM CORP ................ 63
9,100 * ALLEGIANCE TELECOM, INC .................... 582
21,852 ALLTEL CORP ................................ 1,353
7,950 * ARCH COMMUNICATIONS GROUP WTS 09/01/03 ..... 7
245,604 AT & T CORP ................................ 7,767
208,122 * AT & T CORP-LIBERTY MEDIA GROUP (CLASS A ) . 5,047
150,900 BELLSOUTH CORP ............................. 6,432
10,300 BROADWING, INC ............................. 267
2,200 * CAPROCK COMMUNICATIONS CORP ................ 43
8,075 CENTURYTEL, INC ............................ 232
200 CFW COMMUNICATIONS CO ...................... 8
1,700 * COM21, INC ................................. 43
200 * COMMONWEALTH TELEPHONE ENTERPRISES,INC ..... 9
91 COMSAT CORP ................................ 2
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
10,500 * COVAD COMMUNICATIONS GROUP, INC ............ $ 169
8,300 * CROWN CASTLE INTERNATIONAL CORP ............ 303
8,900 * E.SPIRE COMMUNICATIONS, INC ................ 60
1,600 * ELECTRIC LIGHTWAVE, INC (CLASS A) .......... 30
28,600 * EXODUS COMMUNICATIONS, INC ................. 1,317
4,500 * GENERAL COMMUNICATION, INC (CLASS A) ....... 23
2,758 * GLOBAL CROSSING LTD ........................ 73
13,800 GLOBAL TELESYSTEMS, INC .................... 166
74,500 GTE CORP ................................... 4,638
4,700 * ICG COMMUNICATIONS, INC .................... 104
1,600 * IDT CORP ................................... 54
5,500 * INTERMEDIA COMMUNICATIONS, INC ............. 164
1,700 * INTERNATIONAL FIBERCOM, INC ................ 43
2,400 * INTRAWARE, INC ............................. 39
3,500 * ITC DELTACOM, INC .......................... 78
1,100 * LAUNCH MEDIA, INC .......................... 10
2,250 * LEAP WIRELESS INTERNATIONAL, INC ........... 106
20,200 * LEVEL 3 COMMUNICATIONS, INC ................ 1,778
5,200 * LIBERTY DIGITAL, INC (CLASS A) ............. 156
251,681 LUCENT TECHNOLOGIES, INC ................... 14,912
31,100 * MCLEODUSA, INC (CLASS A) ................... 643
51,500 * MEDIA ONE GROUP, INC ....................... 3,431
18,294 * METROMEDIA FIBER NETWORK, INC(CLASS A) ..... 726
1,800 * MGC COMMUNICATIONS, INC .................... 108
6,900 * MOTIENT CORP ............................... 108
26,000 * NEXTEL COMMUNICATIONS, INC (CLASS A) ....... 1,591
25,689 * NEXTLINK COMMUNICATIONS, INC ............... 975
1,000 NORTH PITTSBURGH SYSTEMS, INC .............. 15
700 * NORTHEAST OPTIC NETWORK, INC ............... 43
800 * NORTHPOINT COMMUNICATIONS GROUP, INC ....... 9
11,438 * NTL, INC ................................... 685
1,100 * PACIFIC GATEWAY EXCHANGE, INC .............. 4
40,500 * PAGING NETWORK, INC ........................ 29
2,000 * POWERTEL, INC .............................. 142
2,900 * PRIMUS TELECOMMUNICATIONS GROUP, INC ....... 72
4,200 * PTEK HOLDINGS, INC ......................... 14
9,546 * QWEST COMMUNICATIONS INTERNATIONAL , INC ... 474
3,300 * RCN CORP ................................... 84
4,800 * RHYTHMS NETCONNECTIONS, INC ................ 60
272,666 SBC COMMUNICATIONS, INC .................... 11,793
2,400 * SMARTALK TELESERVICES, INC ................. 0
56,400 SPRINT CORP (FON GROUP) .................... 2,876
36,800 * SPRINT CORP (PCS GROUP) .................... 2,190
5,400 * STAR TELECOMMUNICATIONS, INC ............... 14
3,570 * TALK.COM, INC .............................. 21
5,317 TELEPHONE & DATA SYSTEMS, INC .............. 533
2,400 * TELIGENT, INC .............................. 57
1,900 * TIME WARNER TELECOM, INC ................... 122
600 * U.S. LEC CORP (CLASS A) .................... 10
38,211 U.S. WEST, INC ............................. 3,277
600 b* USN COMMUNICATIONS, INC .................... 0
124,710 VERIZON COMMUNICATION ...................... 6,337
900 * VIATEL, INC ................................ 26
12,149 * VOICESTREAM WIRELESS CORP .................. 1,413
4,200 * WESTERN WIRELESS CORP (CLASS A) ............ 229
6,750 * WINSTAR COMMUNICATIONS, INC ................ 229
224,413 * WORLDCOM, INC .............................. 10,295
800 * WORLDGATE COMMUNICATIONS, INC .............. 14
2,100 * WORLDPAGES.COM, INC ........................ 13
---------
94,778
---------
ELECTRIC, GAS AND OTHER--2.78%
25,600 * AES CORP ................................... 1,168
6,400 AGL RESOURCES, INC ......................... 102
13,200 ALLEGHENY ENERGY, INC ...................... 361
2,800 ALLIANT ENERGY CORP ........................ 73
13,200 * ALLIED WASTE INDUSTRIES, INC ............... 132
8,660 AMEREN CORP ................................ 292
25,900 AMERICAN ELECTRIC POWER CO, INC ............ 767
3,927 AMERICAN WATER WORKS CO, INC ............... 98
1,099 ATMOS ENERGY CORP .......................... 19
3,300 BLACK HILLS CORP ........................... 74
700 CALIFORNIA WATER SERVICE GROUP ............. 17
11,600 * CALPINE CORP ............................... 763
500 CASCADE NATURAL GAS CORP ................... 8
</TABLE>
See notes to financial statements.
23
<PAGE>
<TABLE>
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
ELECTRIC, GAS AND OTHER--(CONTINUED)
1,100 * CASELLA WASTE SYSTEMS, INC (CLASS A) ....... $ 12
1,600 CH ENERGY GROUP, INC ....................... 54
7,700 CINERGY CORP ............................... 196
21,080 * CITIZENS COMMUNICATIONS CO ................. 364
1,900 CLECO CORP ................................. 64
2,074 CMP GROUP, INC ............................. 61
12,900 CMS ENERGY CORP ............................ 285
11,800 COASTAL CORP ............................... 718
7,800 COLUMBIA ENERGY GROUP ...................... 512
10,825 CONECTIV, INC .............................. 168
537 CONECTIV, INC (CLASS A) .................... 13
21,000 CONSOLIDATED EDISON, INC ................... 622
9,300 CONSTELLATION ENERGY GROUP ................. 303
9,600 CP&L ENERGY, INC ........................... 307
14,738 DOMINION RESOURCES, INC .................... 632
4,993 DPL, INC ................................... 110
2,700 DQE, INC ................................... 107
8,200 DTE ENERGY CO .............................. 251
26,433 DUKE ENERGY CORP ........................... 1,490
11,400 DYNEGY, INC ................................ 779
1,600 EASTERN ENTERPRISES CO ..................... 101
32,300 EDISON INTERNATIONAL CO .................... 662
13,702 EL PASO ENERGY CORP ........................ 698
4,400 ENERGEN CORP ............................... 96
5,502 ENERGY EAST CORP ........................... 105
23,800 ENTERGY CORP ............................... 647
4,600 EQUITABLE RESOURCES, INC ................... 222
23,602 FIRSTENERGY CORP ........................... 552
8,600 FLORIDA PROGRESS CORP ...................... 403
11,900 FPL GROUP, INC ............................. 589
9,600 GPU, INC ................................... 260
1,600 HAWAIIAN ELECTRIC INDUSTRIES, INC .......... 53
4,600 IDACORP, INC ............................... 148
8,700 KANSAS CITY POWER & LIGHT CO ............... 196
9,500 KEYSPAN CORP ............................... 292
4,900 KINDER MORGAN, INC ......................... 169
3,000 LACLEDE GAS CO ............................. 58
17,500 LOUISVILLE GAS & ELECTRIC ENERGY CORP ...... 418
6,000 MCN ENERGY GROUP, INC ...................... 128
5,900 MDU RESOURCES GROUP, INC ................... 128
1,300 MINNESOTA POWER, INC ....................... 23
6,100 b* MOLTEN METAL TECHNOLOGY, INC ............... 0
5,800 MONTANA POWER CO ........................... 205
5,100 NATIONAL FUEL GAS CO ....................... 249
11,085 NEW CENTURY ENERGIES, INC .................. 333
400 NEW JERSEY RESOURCES CORP .................. 15
2,600 * NEWPARK RESOURCES, INC ..................... 25
9,900 * NIAGARA MOHAWK HOLDINGS, INC ............... 138
7,200 NICOR, INC ................................. 235
9,100 NISOURCE, INC .............................. 169
3,200 NORTHEAST UTILITIES CO ..................... 70
16,200 NORTHERN STATES POWER CO ................... 327
150 NORTHWEST NATURAL GAS CO ................... 3
2,900 NORTHWESTERN CORP .......................... 67
2,772 NSTAR ...................................... 113
2,200 NUI CORP ................................... 59
2,300 OGDEN CORP ................................. 21
11,000 OGE ENERGY CORP ............................ 204
3,580 ONEOK, INC ................................. 93
1,000 OTTER TAIL POWER CO ........................ 21
16,800 PECO ENERGY CO ............................. 677
5,500 PEOPLES ENERGY CORP ........................ 178
34,529 PG&E CORP .................................. 850
103 PIEDMONT NATURAL GAS CO, INC ............... 3
9,700 PINNACLE WEST CAPITAL CORP ................. 329
3,900 POTOMAC ELECTRIC POWER CO .................. 98
16,094 PPL CORP ................................... 353
3,200 PUBLIC SERVICE CO OF NEW MEXICO ............ 49
13,600 PUBLIC SERVICE ENTERPRISE GROUP, INC ....... 471
10,178 PUGET SOUND ENERGY, INC .................... 217
9,500 QUESTAR CORP ............................... 184
15,403 RELIANT ENERGY, INC ........................ 455
6,200 * REPUBLIC SERVICES, INC (CLASS A) ........... 99
6,300 RGS ENERGY GROUP, INC ...................... 140
<CAPTION>
SHARES VALUE(000)
------ ----------
<S> <C>
3,000 SCANA CORP ................................. $ 72
18 SCOTTISH POWER PLC ADR ..................... 1
21,920 SEMPRA ENERGY .............................. 373
500 SIERRA PACIFIC RESOURCES (NEW) ............. 6
300 SJW CORP ................................... 36
1,300 SOUTH JERSEY INDUSTRIES, INC ............... 34
54,400 SOUTHERN CO ................................ 1,268
700 SOUTHWESTERN ENERGY CO ..................... 4
1,200 * STERICYCLE, INC ............................ 29
15,300 TECO ENERGY, INC ........................... 307
24,567 TXU CORP ................................... 725
700 * U.S. LIQUIDS, INC .......................... 4
5,637 UGI CORP ................................... 116
16,900 UNICOM CORP ................................ 654
1,200 UNISOURCE ENERGY CORP HOLDINGS CO .......... 18
1,100 UNITED ILLUMINATING CO ..................... 48
13,124 UTILICORP UNITED, INC ...................... 261
5,133 VECTREN CORP ............................... 89
3,800 WASHINGTON GAS LIGHT CO .................... 91
48,434 WASTE MANAGEMENT, INC ...................... 920
2,400 WESTERN GAS RESOURCES, INC ................. 50
4,300 WESTERN RESOURCES, INC ..................... 67
32,029 WILLIAMS COS, INC .......................... 1,305
4,400 WISCONSIN ENERGY CORP ...................... 87
300 WPS RESOURCES CORP ......................... 9
---------
29,894
---------
TOTAL UTILITIES ............................ 124,672
---------
TOTAL COMMON STOCK
(COST $708,673) .......................... 1,070,201
---------
PRINCIPAL
--------
SHORT TERM INVESTMENT--0.37%
U.S. GOVERNMENT AND AGENCY--0.37%
$3,925,000 FEDERAL HOME LOAN MORTGAGE CORP (FHLMC)
6.570%, 7/3/00 ........................... 3,923
-----------
TOTAL SHORT TERM INVESTMENT
(COST $3,924) ............................ 3,923
-----------
TOTAL PORTFOLIO--99.94%
(COST $712,731) .......................... 1,074,259
OTHER ASSETS & LIABILITIES, NET--0.06% ..... 642
-----------
NET ASSETS--100.00% ........................ $1,074,901
===========
</TABLE>
-------------------------
* Non-income producing
b In bankruptcy
f Restricted securities-Investment in securities not registered under the
Securities Act of 1933 or not publicly traded in foreign markets. At June
30, 2000, the value of these securities amounted to $987 or 0.00% of net
assets.
Additional information on each restricted security is as follows:
<TABLE>
<CAPTION>
ACQUISITION ACQUISITION
SECURITY DATE COST
------------------------------- ------------ -------------
<S> <C> <C>
PHYSICIAN COMPUTER NETWORK, INC 06/04/96 $28,018
PROCURENET, INC 04/19/99 544
---------
$28,562
=========
</TABLE>
24
See notes to financial statements.
<PAGE>
---------------
------ 730 Third Avenue PRESORTED
TIAA New York, NY 10017-3206 STANDARD
U.S. POSTAGE
------ PAID
TIAA-CREF
---------------
[GRAPHIC] Printed on recycled paper
VA-1SAFIN-8/00
