RULES AND REGULATIONS
---------------------
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT
MANAGERS PURSUANT TO SECTION 13(F) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULES THEREUNDER
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT FOR THE QUARTER ENDING JUNE 30, 1999
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
IF AMENDED REPORT CHECK HERE: ___
NAME OF INSTITUTIONAL INVESTMENT MANAGER:
GE INVESTMENT MANAGEMENT INCORPORATED
BUSINESS ADDRESS:
3003 SUMMER STREET, P.O. BOX 7900 STAMFORD CT 06904
STREET CITY STATE ZIP
NAME, PHONE NO., AND TITLE OF PERSON DULY AUTHORIZED TO SUBMIT THIS REPORT:
MAUREEN MCDONOUGH, MANAGER-COMPLIANCE (203) 326-2443
ATTENTION: --- INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A)
THE INSTITUTIONAL INVESTMENT MANAGER SUBMITTING THIS FORM AND ITS ATTACHMENTS
AND THE PERSON BY WHOM IT IS SIGNED REPRESENT HEREBY THAT ALL INFORMATION
CONTAINED THEREIN IS TRUE, CORRECT AND COMPLETE. IT IS UNDERSTOOD THAT ALL
REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGRAL PARTS OF THIS
FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL UNAMENDED
ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS PREVIOUSLY
SUBMITTED.
PURSUANT TO THE REQUIREMENTS OF SECURITIES EXCHANGE ACT OF 1934, THE
UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS REPORT TO BE SIGNED
ON ITS BEHALF IN THE CITY OF STAMFORD AND STATE OF CONNECTICUT ON THE 28TH DAY
OF JULY, 1999.
GE INVESTMENT MANAGEMENT INCORPORATED
/S/ JOHN WALKER, EVP AND CFO
- ---------------------------------
REPORT TYPE (CHECK ONLY ONE):
[X] 13F HOLDINGS REPORT. (CHECK HERE IF ALL HOLDINGS OF THIS REPORTING
MANAGER ARE REPORTED IN THIS REPORT.)
[ ] 13F NOTICE. (CHECK HERE IF NO HOLDINGS REPORTED ARE IN THIS REPORT,
AND ALL HOLDINGS ARE REPORTED BY OTHER REPORTING MANAGER(S).)
[ ] 13F COMBINATION REPORT. (CHECK HERE IF A PORTION OF THE HOLDINGS FOR
THIS REPORTING MANAGER ARE REPORTED IN THIS REPORT AND A PORTION ARE
REPORTED BY OTHER REPORTING MANAGER(S).)
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
[IF THERE ARE NO ENTRIES IN THIS LIST, OMIT THIS SECTION.]
13F FILE NUMBER NAME
28-____________ _______________________________________
28-____________ _______________________________________
28-____________ _______________________________________
[REPEAT AS NECESSARY.]
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
--------------
FORM 13F INFORMATION TABLE ENTRY TOTAL: 311
--------------
FORM 13F INFORMATION TABLE VALUE TOTAL: $5,268,124,991
--------------
LIST OF OTHER INCLUDED MANAGERS:
PROVIDE A NUMBERED LIST OF THE NAME(S) AND 13F FILE NUMBER(S) OF ALL
INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT TO WHICH THIS REPORT IS FILED,
OTHER THAN THE MANAGER FILING THIS REPORT.
[IF THERE ARE NO ENTRIES IN THIS LIST, STATE "NONE" AND OMIT THE COLUMN HEADINGS
AND LIST ENTRIES.]
NONE
<TABLE>
<CAPTION>
SECURITIES AND EXCHANGE COMMISSION 13-F WORKSHEET
GEIM - SEC 13F WORKSHEET
AS OF 06/30/99
ITEM 4 ITEM 5 ITEM 6 ITEM 8
ITEM 1 & 2 ITEM 3 FAIR SHARES OR INVESTMENT ITEM VOTING AUTHORITY
NAME OF ISSUE CUSIP MARKET PRINCIPAL DISCRETION 7 SHARES
TITLE OF CLASS NUMBER VALUE AMOUNT SOLE SHARED OTHER MGRS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------ ----------- ------------- ------------ ---- ------ ----- ---- ---- ------ ----
AUDIO CODES LTD M15342104 1,582,065 58,595.00 X X
SHS
CHECK POINT SOFTWARE TECH LTD M22465104 2,168,756 40,443.00 X X
SHS
FUNDTECH LTD M47095100 5,677,122 218,877.00 X X
SHS
ORBOTECH LTD M75253100 10,811,142 207,408.00 X X
COM
TECNOMATIX TECHNOLOGIES LTD M8743P105 2,642,010 150,972.00 X X
TTI TEAM TELECOME M88258104 2,381,910 238,191.00 X X
SHS
INDIGO N44495104 2,408,959 676,199.00 X X
NEW HOLLAND NV N62648105 1,212,450 70,800.00 X X
SHS
SAPIENS INTL CORP NV N7716A102 5,802,556 583,905.00 X X
BANCO LATINOAMERICANO DE EXP P16994132 753,922 28,184.00 X X
CL E
ELAMEX S A DE C V P36209107 1,923,750 570,000.00 X X
ORD
PANAMERICAN BEVERAGES INC P74823108 2,049,137 86,053.00 X X
CL A
ADC TELECOMMUNICATIONS INC 886101 804,452 17,656.00 X X
COM
AT + T CORP 1957109 48,040,014 860,747.50 X X
COM
AT+T CORP 1957208 34,258,803 932,464.32 X X
COM LIBERTY MEDIA GRP CL A
ABBOTT LABS 2824100 61,084,059 1,342,618.00 X X
COM NPV
ACNIELSON CORP 4833109 378,549 12,514.00 X X
COM
AIR PRODS + CHEMS INC 9158106 26,100,479 648,417.00 X X
COM
AIRGAS INC 9363102 1,799,960 146,951.00 X X
COM
ALLEGHANY CORP DEL 17175100 846,190 4,574.00 X X
COM
ALLERGAN INC 18490102 34,840,402 313,989.00 X X
COM
ALLIED SIGNAL INC 19512102 111,189,708 1,764,768.00 X X
COM
ALLIED WASTE INDUSTRIES INC 19589308 216,756 10,975.00 X X
ALLTEL CORP 20039103 514,872 7,201.00 X X
COM
ALZA CORP 22615108 1,132,935 22,269.00 X X
COM
AMERICAN BANKERS INS GROUP INC 24456105 838,229 15,398.00 X X
COM
AMERICAN EXPRESS CO 25816109 92,651,215 712,177.00 X X
COM
AMERICAN HOME PRODUCTS CORP 26609107 30,085,311 523,367.00 X X
COM
AMERICAN INTL GROUP INC 26874107 36,382,873 310,736.00 X X
COM
AMERISOURCE HEALTH CORP 03071P102 1,663,613 65,236.00 X X
CL A
AMGEN INC 31162100 12,327,752 202,532.00 X X
COM
ANADARKO PETE CORP 32511107 4,528,731 123,023.00 X X
COM
ANALOG DEVICES INC 32654105 25,875,669 515,697.00 X X
COM
ANHEUSER BUSCH COS INC 35229103 40,186,947 566,502.00 X X
COM
APPLIED MATERIALS INC 38222105 24,304,890 329,136.00 X X
COM
ARCHER DANIELS MIDLAND CO 39483102 740,877 47,992.00 X X
COM
ASSOCIATES FIRST CAP CORP 46008108 23,589,126 532,624.00 X X
CL A
AUTOMATIC DATA PROCESSING INC 53015103 58,840,277 1,337,285.00 X X
COM
AVERY DENNISON CORP 53611109 507,392 8,404.00 X X
COM
AVON PRODS INC 54303102 33,067,134 595,807.00 X X
COM
AXA SA 54536107 425,283 6,825.00 X X
SPONSORED ADR
BJ SVCS CO 55482103 410,947 13,960.00 X X
COM
BP AMOCO PLC 55622104 30,139,485 277,812.27 X X
SPONSORED ADR
BAKER HUGHES INC 57224107 14,515,028 433,356.00 X X
COM
BANCO DE GALICIA Y BUENOS AIRE 59538207 2,176,875 107,500.00 X X
SPONSORED ADR NEW REPSTG CL B
BANK AMER CORP 60505104 52,876,007 721,251.00 X X
COM
BANK NEW YORK INC 64057102 7,209,666 196,549.00 X X
COM
BANKBOSTON CORP 06605R106 14,135,842 276,502.00 X X
COM
BARNES + NOBLE INC 67774109 547,500 20,000.00 X X
COM
BARRICK GOLD CORP 67901108 5,412,116 279,441.00 X X
COM
BAXTER INTL INC 71813109 441,411 7,281.00 X X
COM
BELL ATLANTIC CORP 77853109 23,197,435 354,958.00 X X
COM
BERKSHIRE HATHAWAY INC DEL 84670207 57,667,138 25,744.00 X X
CL B
BESTFOODS 08658U101 6,180,521 124,859.00 X X
COM
BIOVAIL CORP INTL NEW 09067K106 2,536,274 49,670.00 X X
COM
BRISTOL MYERS SQUIBB CO 110122108 141,798,796 2,013,520.00 X X
COM
BURLINGTON NORTHN SANTA FE 12189T104 49,441,144 1,594,550.00 X X
COM
BURLINGTON RES INC 122014103 38,715,147 895,646.00 X X
COM
CBS CORP 12490K107 14,439,668 332,424.00 X X
COM
CIT GROUP INC 125577106 640,216 22,172.00 X X
CL A
CMS ENERGY CORP 125896100 14,097,209 336,630.00 X X
COM
CVS CORP 126650100 9,172,336 180,701.00 X X
COM
CADENCE DESIGN SYS INC 127387108 264,359 20,734.00 X X
COM
CANADIAN PAC LTD NEW 135923100 5,539,562 232,638.00 X X
COM
CARDINAL HEALTH INC 14149Y108 77,973,018 1,215,982.00 X X
COM
CARNIVAL CORP 143658102 10,940,306 225,588.00 X X
COM
CATALINA MARKETING CORP 148867104 19,411,904 210,964.00 X X
COM
CELESTICA INC 15101Q108 1,759,614 40,626.00 X X
SUB VTG SHS
CENDANT CORP 151313103 1,576,081 76,882.00 X X
COM
CHAMPION INTL CORP 158525105 471,329 9,845.00 X X
COM
CHASE MANHATTAN CORP NEW 16161A108 44,618,340 515,145.00 X X
COM
CHEVRON CORP 166751107 6,649,297 69,861.00 X X
COM
CHICAGO TITLE CORP 168228104 637,236 17,856.00 X X
COM
CHUBB CORP 171232101 3,875,026 55,752.00 X X
COM
CISCO SYS INC 17275R102 103,827,040 1,614,577.00 X X
COM
CITIGROUP INC 172967101 158,332,622 3,334,222.50 X X
COM
CLEAR CHANNEL COMMUNICATIONS 184502102 917,145 13,304.00 X X
COM
COCA COLA FEMSA S A CV 191241108 3,691,461 190,527.00 X X
ADR
COFLEXIP 192384105 21,189,546 487,116.00 X X
SPONSORED ADR
COGNIZANT TECHNOLOGY SOLUTIONS 192446102 1,303,125 50,000.00 X X
CL A
COLGATE PALMOLIVE CO 194162103 30,515,255 309,073.00 X X
COM
COMCAST CORP 200300200 68,263,075 1,777,656.00 X X
CL A SPL
COMDISCO INC 200336105 1,315,178 51,324.00 X X
COM
COMERICA INC 200340107 781,781 13,153.00 X X
COM
COMPANHIA PARANAENSE DE ENERG 20441B407 1,133,054 135,290.00 X X
SPONSORED ADR REPSTG PFD SHS
COMPANIA DE TELECOM DE CHILE 204449300 1,355,879 54,783.00 X X
SPONSORED ADR NEW
COMPUTER SCIENCES CORP 205363104 10,892,189 157,439.00 X X
COM
COMPUWARE CORP 205638109 849,012 26,688.00 X X
COM
COMVERSE TECHNOLOGY INC 205862402 42,657,351 564,998.02 X X
COM NEW
CONTINENTAL AIRLS INC 210795308 11,337,203 301,336.00 X X
COM CL B
COOPER INDS INC 216669101 509,912 9,806.00 X X
COM
COSTCO COS INC 22160Q102 10,253,699 128,081.00 X X
COM
COUNTRYWIDE CR INDS INC 222372104 1,890,664 44,239.00 X X
COM
COVANCE INC 222816100 629,030 26,278.00 X X
COM
CROMPTON + KNOWLES CORP 227111101 803,217 41,059.00 X X
COM
DII GROUP INC 232949107 1,992,189 53,392.00 X X
COM
DAYTON HUDSON CORP 239753106 56,212,943 864,535.00 X X
COM
DEERE + CO 244199105 4,940,207 124,674.00 X X
COM
DELPHI AUTOMOTIVE SYS CORP 247126105 296,035 15,948.00 X X
COM
DELTA AIR LINES INC DE 247361108 10,156,885 176,279.00 X X
COM
DENTSPLY INTL INC NEW 249030107 6,188,735 221,043.00 X X
DESC S A DE C V 250309101 12,267,727 542,220.00 X X
SPONSORED ADR REPSTG SER C SHS
DIAL CORP NEW 25247D101 1,435,252 38,595.00 X X
COM
DISNEY WALT CO 254687106 12,064,469 391,621.00 X X
COM
DOVER CORP 260003108 66,477,267 1,897,101.00 X X
COM
DU PONT E I DE NEMOURS + CO 263534109 31,522,598 461,456.00 X X
COM
DUKE ENERGY CO 264399106 10,088,148 185,486.00 X X
COM STK NPV
ECI TELECOM LTD 268258100 51,808,880 1,561,253.00 X X
ORD
EG + G INC 268457108 554,753 15,572.00 X X
COM
E M C CORP MASS 268648102 64,155,412 1,166,728.00 X X
COM
ESAT TELECOM GROUP PLC 26883Y102 2,922,689 66,614.00 X X
SPONSORED ADR
ECOLAB INC 278865100 504,436 11,563.00 X X
COM
EDISON INTL 281020107 7,388,582 276,097.00 X X
COM
EDWARDS A G INC 281760108 593,852 18,414.00 X X
COM
EL PASO ENERGY CORP DEL 283905107 11,243,421 319,508.00 X X
COM
ELBIT LTD 284275104 1,640,473 167,182.00 X X
ORD
ELEPHANT + CASTLE GROUP INC 286199104 1,000,000 299,721.00 X X
COM
EMBRATEL PARTICIPACOES S A 29081N100 1,598,816 115,230.00 X X
SPONSORED ADR REPSTG PFD
EMERSON ELEC CO 291011104 39,307,839 625,128.00 X X
COM
EMPRESAS ICA SOCIEDAD CONTROL 292448107 770,006 114,075.00 X X
SPONSORED ADR REP ORD PARTN
EQUIFAX INC 294429105 73,443,530 2,057,938.00 X X
COM
EQUITABLE COMPANIES INC 29444G107 894,048 13,344.00 X X
COM
EXXON CORP 302290101 70,128,179 909,290.00 X X
COM
FPL GROUP INC 302571104 9,733,163 178,156.00 X X
COM
FEDERAL NATL MTG ASSN 313586109 91,874,103 1,344,257.00 X X
COM
FEDERATED DEPT STORES INC DEL 31410H101 8,669,087 163,743.00 X X
COM
FINOVA GROUP INC 317928109 1,210,007 22,993.00 X X
COM
FIRST AMERN CORP TENN 318900107 256,025 6,160.00 X X
COM
FIRST DATA CORP 319963104 130,561,416 2,667,946.00 X X
COM
FIRST UN CORP 337358105 3,446,086 73,335.00 X X
COM
FIRSTAR CORP WIS 33763V109 965,748 34,491.00 X X
COM
FLEET FINL GROUP INC 338915101 4,355,313 98,157.00 X X
COM
FLORIDA PROGRESS CORP 341109106 7,855,345 190,112.00 X X
COM
FOMENTO ECONOMICO MEXICANO 344419106 3,952,889 99,132.00 X X
SPONSADR RPSTG UNIT 1 SER B
FORD MTR CO DEL 345370100 9,369,350 166,073.00 X X
COM
FREEPORT MCMORAN COPPER + GOLD 35671D857 364,705 20,332.00 X X
CL B
FRONTIER CORP 35906P105 8,185,429 138,751.00 X X
COM
GATX 361448103 656,388 17,245.00 X X
COM
GTE CORP 362320103 34,882,494 460,694.00 X X
COM
GANNETT INC 364730101 66,814,465 935,908.00 X X
COM
GATEWAY INC 367626108 6,873,060 116,481.00 X X
COM
GENERAL ELEC CO 369604103 63,261,016 559,832.00 X X
COM
GENERAL INSTR CORP DEL 370120107 490,790 11,548.00 X X
COM
GENERAL MLS INC 370334104 7,581,009 94,330.00 X X
COM
GENESIS DIRECT INC 371935107 11,764,469 7,842,979.00 X X
COM
GILLETTE CO 375766102 2,991,247 72,958.00 X X
COM
GOLDMAN SACHS GROUP INC 38141G104 5,688,204 78,767.00 X X
COM
GREAT LAKES CHEMICAL CORP 390568103 7,945,310 172,497.00 X X
COM
GRUPO TELEVISION SA DE CV 40049J206 12,643,175 282,135.00 X X
SPONSORED ADR REPSTG ORD PARTN
GRUPO IUSACELL S A DE C V 40049W306 1,190,280 91,560.00 X X
SPONSORED ADR REPSTG 10 SER L
GRUPO ELEKTRAS A DE C V 40050A102 1,370,690 233,309.00 X X
GLOBAL DEPOSITORY RCPT REP
GULFSTREAM AEROSPACE CORP NEW 402734107 3,974,938 58,829.00 X X
COM
HCR MANOR CARE INC 404134108 868,984 35,927.00 X X
COM
HALLIBURTON CO 406216101 18,870,981 417,143.00 X X
COM
HARMAN INTL INDS INC NEW 413086109 2,567,595 58,355.00 X X
COM
HARTFORD FINANCIAL SVCS GRP 416515104 6,671,745 114,416.00 X X
COM
HEALTHCARE FINL PARTNERS INC 42219W108 342,500 10,000.00 X X
COM
HEINZ H J CO 423074103 6,942,874 138,530.00 X X
COM
HELLENIC TELECOMMUNICATIONS 423325307 14,483,474 1,324,223.00 X X
SPONSORED ADR
HEWLETT PACKARD CO 428236103 10,932,897 108,808.00 X X
COM
HIGH SPEED ACCESS CORP 42979U102 256,250 10,000.00 X X
COM
HINES HORTICULTURE INC 433245107 350,000 35,000.00 X X
COM
HOME DEPOT INC 437076102 70,350,489 1,091,853.00 X X
COM
HONEYWELL INC 438506107 445,771 3,847.00 X X
COM
HUBBELL INC 443510201 52,516,995 1,157,711.00 X X
CLB
ITT INDS INC 450911102 853,542 22,388.00 X X
COM
INTEL CORP 458140100 86,093,005 1,447,003.00 X X
COM
INTERIM SVCS INC 45868P100 309,375 15,000.00 X X
COM
INTERNATIONAL BUSINESS MACHS 459200101 142,923,038 1,106,105.00 X X
COM
INTERNATIONAL TELECOMM SYS INC 46047F104 480,000 30,000.00 X X
COM
INTERPUBLIC GROUP COS INC 460690100 85,460,802 986,632.00 X X
COM
ISPAT INTL N V 464899103 7,417,716 670,528.00 X X
CL A NY REGISTRY SH
JACOBS ENGR GROUP INC 469814107 532,000 14,000.00 X X
COM
JEFFERSON PILOT CORP 475070108 204,850 3,095.00 X X
COM
JOHNSON + JOHNSON 478160104 73,329,832 748,380.00 X X
COM
JONES APPAREL GROUP INC 480074103 725,538 21,145.00 X X
COM
KIMBERLY CLARK CORP 494368103 22,197,396 389,428.00 X X
COM
KNIGHT RIDDER INC 499040103 22,473,637 409,083.00 X X
COM
KOREA TELECOM 50063P103 13,481,720 337,043.00 X X
SPONSORED ADR
KROGER CO 501044101 929,145 33,258.00 X X
COM
LINCARE HLDGS INC 532791100 8,007,151 320,188.00 X X
COM
LINCOLN NATL CORP IN 534187109 13,005,891 248,630.00 X X
COM
LITTELFUSE INC 537008104 385,000 20,000.00 X X
COM
LOCKHEED MARTIN CORP 539830109 3,482,780 93,501.00 X X
COM
LOEWS CORP 540424108 24,552,278 310,284.00 X X
COM
LOWES COS INC 548661107 35,093,627 619,111.00 X X
USD0.50
MCI WORLDCOM INC 55268B106 50,612,483 587,478.00 X X
COM
MATAV RT 559776109 2,159,823 78,539.00 X X
ADR
MARSH + MCLENNAN COS INC 571748102 44,366,366 587,605.00 X X
COM
MARTIN MARIETTA MATLS INC 573284106 22,833,449 387,030.00 X X
COM
MASCO CORP 574599106 25,249,511 874,482.00 X X
COM
MCDONALDS CORP 580135101 28,160,572 681,638.00 X X
COM
MCGRAW HILL COS INC 580645109 307,012 5,692.00 X X
COM
MCKESSON HBOC INC 58155Q103 494,629 15,397.00 X X
COM
MEAD CORP 582834107 4,902,529 117,422.00 X X
COM
MEDALLION FINL CORP 583928106 1,033,188 54,200.00 X X
COM
MEDIAONE GROUP INC 58440J104 4,932,521 66,312.00 X X
COM
MEDICAL MANAGER CORP 58461C103 1,327,500 30,000.00 X X
COM
MERCK + CO INC 589331107 138,990,487 1,878,983.00 X X
COM
METTLER TOLEDO INTL INC 592688105 2,087,451 84,129.00 X X
COM
MICROSOFT CORP 594918104 77,654,415 861,201.00 X X
COM
MICROSOFT CORP 594918203 19,174,847 191,869.00 X X
PFD SER A CONV
MOBIL CORP 607059102 43,406,451 438,449.00 X X
COM
MOLEX INC 608554200 20,339,765 645,862.00 X X
CL A
MORGAN STANLEY DEAN WITTER 617446448 38,559,125 376,656.00 X X
COM NEW
NTL INC 629407107 78,010,455 904,993.00 X X
COM
NABORS INDUSTRIES INC 629568106 7,255,007 296,946.00 X X
COM
NATIONAL CITY CORP 635405103 10,004,725 152,746.00 X X
COM
NEW CENTY ENERGIES INC 64352U103 10,888,824 280,546.00 X X
COM
NEWMONT MNG CORP 651639106 5,312,139 267,340.66 X X
COM
NOKIA CORP 654902204 1,954,951 21,351.00 X X
SPONSORED ADR
NORTEL NETWORKS CORP 656569100 57,109,144 657,889.00 X X
COM
OFFICE DEPOT INC 676220106 5,878,310 266,376.50 X X
COM
OMNICARE INC 681904108 1,284,687 101,740.00 X X
COM
PLD TELEKOM INC 69340T100 2,624,672 839,895.00 X X
COM
PNC BK CORP 693475105 506,927 8,797.00 X X
COM
PARKER HANNIFIN CORP 701094104 949,724 20,759.00 X X
COM
PEPSI GEMEX S A DE C V 713435105 803,694 88,076.00 X X
GLOBAL DEPOS RCPT REP ORD PART
PEPSICO INC 713448108 40,457,451 1,045,805.00 X X
COM
PHARMACIA + UPJOHN INC 716941109 46,873,492 825,090.00 X X
COM
PFIZER INC 717081103 27,559,088 251,137.00 X X
COM
PHILIP MORRIS COS INC 718154107 33,100,233 823,645.00 X X
COM
PITNEY BOWES INC 724479100 51,730,973 805,160.00 X X
COM
POHANG IRON + STEEL LTD 730450103 4,409,414 131,135.00 X X
SPONSORED ADR
PRICE T ROWE + ASSOC INC 741477103 540,474 14,084.00 X X
COM
PROCTER + GAMBLE CO 742718109 37,011,216 414,766.00 X X
COM
PROFIT RECOVERY GROUP INTL INC 743168106 950,981 20,100.00 X X
COM
PROGRESSIVE CORP OHIO 743315103 707,745 4,881.00 X X
COM
PROVIDENT COS INC 743862104 21,951,800 548,795.00 X X
COM
QWEST COMMUNICATIONS INTL INC 749121109 882,372 26,688.00 X X
COM
RADIAN GROUP INC 750236101 1,659,625 34,000.00 X X
COM
RALSTON PURINA CO 751277302 17,368,925 570,685.00 X X
COM RALSTON PURINA GROUP
RAYONIER INC 754907103 5,750,278 115,429.00 X X
COM
RELIASTAR FINL CORP 75952U103 11,294,930 258,191.00 X X
COM
REUTERS GROUP PLC 76132M102 14,148,984 174,527.00 X X
SPONSORED ADR
ROHM + HAAS CO 775371107 252,032 5,878.29 X X
COM
ROYAL DUTCH PETE CO 780257804 25,891,351 429,773.00 X X
NY REGISTRY SH PAR N GLDR 1.25
RYANAIR HOLDGS PLC 783513104 1,422,043 26,831.00 X X
SPONSORED ADR
SBC COMMUNICATIONS INC 78387G103 105,449,501 1,819,331.00 X X
COM
SPDR TRUST 78462F103 9,296,802 67,965.00 X X
UNIT SER 1
ST PAUL COS INC 792860108 3,252,571 102,226.00 X X
COM
SARA LEE CORP 803111103 21,111,318 930,453.00 X X
COM
HENRY SCHEIN INC 806407102 11,628,526 366,984.00 X X
COM STK
SCHERING PLOUGH CORP 806605101 29,101,956 549,791.00 X X
COM
SCHLUMBERGER LTD 806857108 47,356,976 743,674.00 X X
COM
SEALED AIR CORP NEW 81211K100 799,130 12,318.00 X X
COM
SEARS ROEBUCK + CO 812387108 13,322,415 298,952.00 X X
COM
SERVICE CORP INTL 817565104 452,067 23,484.00 X X
COM
SHERWIN WILLIAMS CO 824348106 453,879 16,356.00 X X
COM
SHIRE PHARMACEUTICALS GROUP PL 82481R106 1,519,764 58,464.00 X X
SPONSORED ADR
SOCIEDAD QUIMICA MINERA DE CHI 833635105 1,085,270 30,679.00 X X
SPONSORED ADR REPSTG SER B SHS
SOCIETE EURPEENE DE COMMUNICAT 83366A200 140,368 10,446.00 X X
SPONSORED ADR REPSTG CL B SHS
SOFTWORKS INC 83404P102 373,109 33,919.00 X X
COM
SONAT INC 835415100 1,929,594 58,238.00 X X
COM
SOUTHTRUST CORP 844730101 393,919 10,265.00 X X
COM
SPRINT CORP 852061100 8,293,969 156,997.00 X X
COM
STANLEY WORKS 854616109 1,863,552 57,905.00 X X
COM
STATE STREET CORPORATION 857477103 14,922,597 174,814.00 X X
COM
STET HELLAS TELECOMMUNICATIONS 859823106 3,817,712 170,624.00 X X
ADR
SUN MICROSYSTEMS INC 866810104 30,571,437 443,984.00 X X
COM
SUNGARD DATA SYS INC 867363103 750,755 21,761.00 X X
COM
SUNRISE ASSISTED LIVING INC 86768K106 464,605 13,322.00 X X
COM
SYBRON INTL CORP WISCONSIN 87114F106 15,218,031 552,103.00 X X
COM
SYMANTEC CORP 871503108 2,526,209 99,067.00 X X
COM
SYNOPSYS INC 871607107 279,194 5,059.00 X X
COM
SYSCO CORP 871829107 793,311 26,610.00 X X
COM
TAIWAN SEMICNDCTR MFG CO LTD 874039100 6,236,407 183,170.00 X X
SPONSORED ADR
TELE CENTRO SUL PARTICIPACOES 879239101 2,460,426 44,332.00 X X
SPONSORED ADR REPSTG PFD
TELE NORTE LESTE PARTICIPACOES 879246106 2,573,839 138,658.00 X X
SPONSORED ADR REPSTG PFD
TELE SUDESTE CELULAR PARTICIPA 879252104 1,265,560 43,640.00 X X
SPONSORED ADR REPSTG PFD
TELECOMUNICACOES BRASILEIRAS 879287100 5,101 81,616.00 X X
SPONSORED ADR
TELECOMUNICACOES BRASILEIRAS 879287308 14,171,793 157,137.00 X X
SPNSD ADR REPSTG ADR FOR PFD
TELEFONICA DE ARGENTINA S A 879378206 2,839,814 90,512.00 X X
SPONSORED ADR REPSTG 10 CL B
TELEFONOS DE MEXICO S A 879403780 7,798,406 96,500.00 X X
SPONSORED ADR REPSTG SH ORD L
TELESP CELULAR PARTICIPACOES 87952L108 478,959 17,905.00 X X
SPONSORED ADR REPSTG PFD
TENET HEALTHCARE CORP 88033G100 510,654 27,510.00 X X
COM
TEVA PHARMACEUTICAL INDS LTD 881624209 29,087,772 593,628.00 X X
ADR
TEXACO INC 881694103 17,365,645 277,868.00 X X
COM
TEXAS INSTRS INC 882508104 9,358,622 64,559.00 X X
COM
TEXAS UTILS CO 882848104 5,144,060 124,686.00 X X
COM
TEXTRON INC 883203101 22,030,958 267,630.00 X X
COM
THERMO ELECTRON CORP 883556102 411,863 20,529.00 X X
COM
TIME WARNER INC 887315109 19,177,963 261,003.00 X X
COM
TIMKEN CO 887389104 207,597 10,646.00 X X
COM
TOSCO CORP 891490302 823,282 31,741.00 X X
COM NEW
TRICOM SA 89612A100 2,935,357 265,343.00 X X
SPONSORED ADR REPSTG CL A
TUBOS DE ACERO DE MEXICO S A 898592506 1,256,976 115,584.00 X X
ADR NEW
TV AZTECA S A DE C V 901145102 2,144,855 413,466.00 X X
SPONSORED ADR
TYCO INTL LTD NEW 902124106 1,303,192 13,754.00 X X
COM
USX MARATHON GROUP 902905827 5,294,257 162,616.00 X X
COM NEW
US BANCORP DEL 902973106 8,170,938 240,367.00 X X
COM
UNIBANCO UNIAO DE BARNCOS BRAS 90458E107 18,110,544 752,646.00 X X
GLOBAL DEPOSITORY RCPT REPSTG
UNISYS CORP 909214108 15,292,765 392,780.00 X X
COM
U S INDS INC NEW 912080108 750,363 44,139.00 X X
COM
U S WEST INC NEW 91273H101 16,274,835 277,042.00 X X
COM
UNITED TECHNOLOGIES CORP 913017109 10,380,477 144,862.00 X X
COM
UNOCAL CORP 915289102 21,731,720 548,463.00 X X
COM
VIAD CORP 92552R109 1,270,263 41,059.00 X X
COM
VINA CONCHA Y TORO S A 927191106 2,711,844 75,329.00 X X
SPONSORED ADR
VITRO SOCIEDAD ANONIMA 928502301 657,517 128,296.00 X X
SPONSORED ADR
VODAFONE AIRTOUCH PLC 92857T107 55,901,213 283,762.50 X X
SPONSORED ADR
WACHOVIA CORP NEW 929771103 829,186 9,691.00 X X
WADDELL + REED FINL INC 930059100 1,661,423 60,553.00 X X
CL A
WAL MART STORES INC 931142103 83,094,411 1,722,747.00 X X
COM
WARNER LAMBERT CO 934488107 4,714,634 67,975.00 X X
COM
WASTE MGMT INC DEL 94106L109 86,991,447 1,617,963.01 X X
COM
WATSON PHARMACEUTICALS INC 942683103 39,599,253 1,129,041.00 X X
COM
WELLS FARGO + CO NEW 949746101 14,397,293 336,721.00 X X
COM
XEROX CORP 984121103 51,735,852 876,454.00 X X
COM
ZALE CORP NEW 988858106 804,760 20,119.00 X X
COM
ZEBRA TECHNOLOGIES CORP 989207105 1,240,570 32,275.00 X X
CL A
=============
STOCK TOTAL 5,628,124,991
GRAND TOTAL 5,628,124,991
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