<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Andrew Corp COM 034425108 7694 406260 SH SOLE 406260
Apartment Invt. & Mgmt COM 03748R101 22384 523610 SH SOLE 523610
Archstone Cmntys Tr. COM 039581103 1844 84067 SH SOLE 84067
BankBoston COM 06605R106 10886 212930 SH SOLE 212930
Bowater, Inc. COM 102183100 34538 729030 SH SOLE 729030
Champion Intl COM 158525105 39291 820706 SH SOLE 820706
Chris-Craft Inds COM 170520100 26468 561657 SH SOLE 561657
Conseco COM 208464107 13678 449370 SH SOLE 449370
Cooper Tire & Rubber COM 216831107 25303 1071030 SH SOLE 1071030
Cyprus Amax Min. COM 232809103 23646 1550554 SH SOLE 1550554
Dana Corp COM 235811106 20783 451190 SH SOLE 451190
Duke Realty Invest COM 264411505 26839 1189542 SH SOLE 1189542
EEX Corp COM 26842V207 6924 998004 SH SOLE 998004
ESCO Electronics Corp COM 269030201 165 12900 SH SOLE 12900
Entergy Corp COM 29364G103 39353 1259300 SH SOLE 1259300
Everest Reinsurance COM 299808105 17180 526600 SH SOLE 526600
Federal Home Loan COM 313400301 37277 642700 SH SOLE 642700
Fleetwood Ent COM 339099103 21189 801484 SH SOLE 801484
Healthcare Realty Tr COM 421946104 12739 603040 SH SOLE 603040
Hollinger Inc. COM 435569108 22288 1876880 SH SOLE 1876880
Hubbell Inc. Cl. B COM 443510201 16830 370910 SH SOLE 370910
MBIA Inc COM 55262C100 27169 419606 SH SOLE 419606
Meditrust COM 58501T306 14975 1146414 SH SOLE 1146414
N E Electric Sys COM 644001109 19986 398714 SH SOLE 398714
NCR Corp COM 62886E108 47339 969804 SH SOLE 969804
Nucor Corp COM 670346105 37529 791130 SH SOLE 791130
OM Group Inc COM 670872100 24953 723266 SH SOLE 723266
OfficeMax COM 67622M108 20528 1710630 SH SOLE 1710630
PP&L Resources COM 693499105 25809 839320 SH SOLE 839320
PacifiCorp COM 695114108 25633 1395010 SH SOLE 1395010
Readers Digest Assoc COM 755267101 22724 571670 SH SOLE 571670
Reinsurance Gr Of Am COM 759351109 17704 502253 SH SOLE 502253
Sbarro Inc COM 805844107 5225 193060 SH SOLE 193060
Seagate Technology COM 811804103 31831 1242186 SH SOLE 1242186
Sherwin-Williams COM 824348106 18634 671500 SH SOLE 671500
Silicon Graphics COM 827056102 26577 1623050 SH SOLE 1623050
Tidewater Inc COM 886423102 17188 563552 SH SOLE 563552
Trigon Healthcare COM 89618L100 21442 589480 SH SOLE 589480
Trizec Hahn Corp. COM 896938107 25317 1242564 SH SOLE 1242564
Warnaco Group COM 934390105 31220 1167107 SH SOLE 1167107
Washington REIT COM 939653101 9954 587695 SH SOLE 587695
Wellpoint Health Net COM 94973H108 20752 244505 SH SOLE 244505
</TABLE>
