<PAGE> 1
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
A L Pharma Inc -Cl A COM 020813101 809 26300.00 SH SOLE 18000.00 8300.00
AT&T COM 001957109 32147 632650.00 SH SOLE 456400.00 176250.00
AXA Finl Inc COM 002451102 9969 293200.00 SH SOLE 194600.00 98600.00
Action Performance Cos Inc COM 004933107 243 21100.00 SH SOLE 21100.00
Adaptec Inc COM 00651F108 4923 98700.00 SH SOLE 80300.00 18400.00
Adelphia Communications Corp COM 006848105 289 4400.00 SH SOLE 4400.00
Advanced Energy Ind COM 007973100 394 8000.00 SH SOLE 8000.00
Advanta Corp COM 007942105 339 18600.00 SH SOLE 11700.00 6900.00
Albemarle Corp COM 012653101 489 25500.00 SH SOLE 25500.00
Albertson's Inc COM 013104104 1587 49200.00 SH SOLE 4100.00 45100.00
Allamerica Fin'l COM 019754100 6030 108400.00 SH SOLE 68200.00 40200.00
Allegheny Energy Inc COM 017361106 789 29300.00 SH SOLE 5200.00 24100.00
Alliant Techsystems COM 018804104 318 5100.00 SH SOLE 5100.00
Alltel Corp COM 020039103 2729 33000.00 SH SOLE 33000.00
Amazon.Com Inc COM 023135106 419 5500.00 SH SOLE 5500.00
Ambac Finl Group COM 023139108 3956 75800.00 SH SOLE 48900.00 26900.00
Amer Freightways Corp COM 02629V108 308 19000.00 SH SOLE 9300.00 9700.00
Ameren Corporation COM 023608102 1454 44400.00 SH SOLE 31500.00 12900.00
America Online Inc COM 02364J104 2178 28700.00 SH SOLE 28700.00
American Elec Power COM 025537101 286 8900.00 SH SOLE 8900.00
American Express COM 025816109 432 2600.00 SH SOLE 2600.00
American Financial Group COM 025932104 752 28500.00 SH SOLE 20900.00 7600.00
American Int'l Group COM 026874107 17308 160075.00 SH SOLE 137025.00 23050.00
Amerisource Health Corp COM 03071P102 1856 122200.00 SH SOLE 87900.00 34300.00
Ametek Inc COM 031100100 360 18900.00 SH SOLE 18900.00
Amsouth Bancorp COM 032165102 3384 175200.00 SH SOLE 86100.00 89100.00
Analog Devices Inc COM 032654105 1246 13400.00 SH SOLE 13400.00
Anchor Gaming COM 033037102 1168 26900.00 SH SOLE 21500.00 5400.00
Anheuser Busch Cos COM 035229103 3508 49500.00 SH SOLE 46100.00 3400.00
Apache Corp COM 037411105 4658 126100.00 SH SOLE 80800.00 45300.00
Apartment Invt & Mgmt COM 03748R101 311 7800.00 SH SOLE 7800.00
Apple Computer Inc COM 037833100 2056 20000.00 SH SOLE 16300.00 3700.00
Applebees Intl Inc COM 037899101 2218 75200.00 SH SOLE 61300.00 13900.00
Applied Materials COM 038222105 671 5300.00 SH SOLE 5300.00
Arrow Electrs Inc COM 042735100 1956 77100.00 SH SOLE 77100.00
Arvin Inds Inc COM 043339100 250 8800.00 SH SOLE 8800.00
Assoc First Capital COM 046008108 6379 232500.00 SH SOLE 187600.00 44900.00
Astec Industries Inc COM 046224101 235 12500.00 SH SOLE 3900.00 8600.00
At Home Corporation COM 045919107 227 5300.00 SH SOLE 5300.00
Aurora Foods Inc COM 05164B106 144 15500.00 SH SOLE 15500.00
Autodesk Inc COM 052769106 1546 45800.00 SH SOLE 37500.00 8300.00
Avalonbay Communities Inc COM 053484101 211 6100.00 SH SOLE 6100.00
Avery Dennison Corporation COM 053611109 401 5500.00 SH SOLE 5500.00
Avis Rent A Car Inc. COM 053790101 243 9500.00 SH SOLE 9500.00
Avnet Inc COM 053807103 520 8600.00 SH SOLE 8600.00
BJ Services Co COM 055482103 1472 35200.00 SH SOLE 35200.00
Ball Corp COM 058498106 303 7700.00 SH SOLE 7700.00
Bally Total Fitness Hldg COM 05873K108 344 12900.00 SH SOLE 2600.00 10300.00
Banc One Corp COM 06423A103 11215 350468.00 SH SOLE 237268.00 113200.00
Bancwest Corp COM 059790105 406 20800.00 SH SOLE 20800.00
Bank of America Corp COM 060505104 27793 553784.00 SH SOLE 400384.00 153400.00
Barr Laboratories COM 068306109 577 18400.00 SH SOLE 18400.00
Bear Stearns Co COM 073902108 793 18545.00 SH SOLE 8515.00 10030.00
Becton Dickinson & Company COM 075887109 224 8300.00 SH SOLE 8300.00
Belden Inc COM 077459105 657 31300.00 SH SOLE 11400.00 19900.00
Bell Atlantic Corp COM 077853109 24114 391700.00 SH SOLE 303500.00 88200.00
</TABLE>
1
<PAGE> 2
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Bellsouth Corp COM 079860102 31126 664900.00 SH SOLE 462100.00 202800.00
Belo ( A.H.) Corp COM 080555105 425 22300.00 SH SOLE 22300.00
Bergen Brunswig COM 083739102 2270 273100.00 SH SOLE 170900.00 102200.00
Bindley Western Inds COM 090324104 1339 88866.00 SH SOLE 64566.00 24300.00
Biogen Inc COM 090597105 270 3200.00 SH SOLE 3200.00
Blyth Industries Inc COM 09643P108 1032 42000.00 SH SOLE 18300.00 23700.00
Boeing Company COM 097023105 8018 193500.00 SH SOLE 148400.00 45100.00
Boise Cascade COM 097383103 292 7200.00 SH SOLE 7200.00
Borg Warner Auto COM 099724106 207 5100.00 SH SOLE 5100.00
Bowne & Co Inc COM 103043105 367 27200.00 SH SOLE 12900.00 14300.00
Briggs and Stratton COM 109043109 901 16800.00 SH SOLE 16800.00
Brinker Intl Inc COM 109641100 1317 54600.00 SH SOLE 29800.00 24800.00
Bristol Meyers Squibb COM 110122108 9519 148300.00 SH SOLE 148300.00
Broadcom Corp COM 111320107 327 1200.00 SH SOLE 1200.00
Broadwing Inc COM 111620100 299 8100.00 SH SOLE 8100.00
Brunswick Corp COM 117043109 2995 134600.00 SH SOLE 98400.00 36200.00
Buffets Inc COM 119882108 326 32600.00 SH SOLE 15600.00 17000.00
Burlington Coat Factory COM 121579106 358 25800.00 SH SOLE 14900.00 10900.00
C B S Inc COM 12490K107 10780 168600.00 SH SOLE 112900.00 55700.00
C D I Corp COM 125071100 844 35000.00 SH SOLE 30500.00 4500.00
CIGNA Corp COM 125509109 8515 105700.00 SH SOLE 79500.00 26200.00
CIT Group Inc COM 125577106 3798 179800.00 SH SOLE 114600.00 65200.00
CMGI Inc COM 125750109 775 2800.00 SH SOLE 2800.00
CNF Transportation COM 12612W104 304 8800.00 SH SOLE 2800.00 6000.00
Cable Design Technologies COM 126924109 908 39500.00 SH SOLE 39500.00
Cabot Corp COM 127055101 463 22700.00 SH SOLE 17200.00 5500.00
Cambrex Corp COM 132011107 368 10700.00 SH SOLE 10700.00
Canadian Pacific Ltd COM 135923100 3051 141500.00 SH SOLE 141500.00
Canandaigua Brands Cl A COM 137219200 2703 53000.00 SH SOLE 42200.00 10800.00
Cardinal Health Inc COM 14149Y108 2073 43300.00 SH SOLE 43300.00
Carlisle Cos Inc COM 142339100 1552 43100.00 SH SOLE 34500.00 8600.00
Carnival Corp Cl A COM 143658102 5025 105100.00 SH SOLE 105100.00
Caseys General Stores Inc COM 147528103 108 10300.00 SH SOLE 10300.00
Catalina Marketing Corp COM 148867104 243 2100.00 SH SOLE 2100.00
Centex Construction Products COM 15231R109 745 19100.00 SH SOLE 13800.00 5300.00
Centex Corp COM 152312104 1244 50400.00 SH SOLE 41400.00 9000.00
Charter One Finl COM 160903100 5001 261502.00 SH SOLE 99162.00 162340.00
Chase Manhattan COM 16161A108 25202 324400.00 SH SOLE 226800.00 97600.00
Chattem Inc COM 162456107 312 16400.00 SH SOLE 11700.00 4700.00
Checkpoint Systems COM 162825103 420 41200.00 SH SOLE 41200.00
Chevron Corp COM 166751107 12197 140800.00 SH SOLE 130100.00 10700.00
Circuit City Store COM 172737108 698 15500.00 SH SOLE 15500.00
Cisco Systems COM 17275R102 7788 72700.00 SH SOLE 72700.00
Citigroup Inc COM 172967101 43099 773950.00 SH SOLE 548000.00 225950.00
City National Corp COM 178566105 425 12900.00 SH SOLE 12900.00
Claires Stores Inc COM 179584107 1063 47500.00 SH SOLE 15900.00 31600.00
Coastal Corp COM 190441105 9614 271300.00 SH SOLE 171000.00 100300.00
Coca-Cola Co COM 191216100 2819 48400.00 SH SOLE 48400.00
Columbia Energy Group COM 197648108 1670 26400.00 SH SOLE 26400.00
Comerica Inc COM 200340107 906 19400.00 SH SOLE 19400.00
Commerce Bancshare COM 200525103 315 9300.00 SH SOLE 9300.00
Commercial Metals COM 201723103 689 20300.00 SH SOLE 15000.00 5300.00
Compaq Computer Corp COM 204493100 725 26800.00 SH SOLE 26800.00
Computer Assoc Int'l COM 204912109 3140 44900.00 SH SOLE 28700.00 16200.00
Computer Sciences Corp COM 205363104 1154 12200.00 SH SOLE 12200.00
Compuware Corp COM 205638109 775 20800.00 SH SOLE 14000.00 6800.00
</TABLE>
2
<PAGE> 3
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Conagra Inc COM 205887102 828 36500.00 SH SOLE 32600.00 3900.00
Conseco Inc COM 208464107 611 34300.00 SH SOLE 25200.00 9100.00
Continental Airlines -Cl B COM 210795308 262 5900.00 SH SOLE 5900.00
Convergys Corp COM 212485106 3170 103100.00 SH SOLE 90600.00 12500.00
Cordant Technologies COM 218412104 2142 64900.00 SH SOLE 50300.00 14600.00
Corn Products Intl COM 219023108 400 12200.00 SH SOLE 1500.00 10700.00
Cornerstone Pptys Inc COM 21922H103 228 15600.00 SH SOLE 15600.00
Countrywide Cr Inds COM 222372104 1616 64000.00 SH SOLE 47700.00 16300.00
Covance Inc COM 222816100 940 86900.00 SH SOLE 47000.00 39900.00
Cox Communications COM 224044107 4651 90316.00 SH SOLE 41616.00 48700.00
Crane Company COM 224399105 556 27950.00 SH SOLE 10150.00 17800.00
Creditrust Corp COM 225429109 98 12700.00 SH SOLE 12700.00
Crescent Real Estate COM 225756105 213 11600.00 SH SOLE 11600.00
Cummins Engine COM 231021106 4797 99300.00 SH SOLE 66100.00 33200.00
Cytec Industries COM 232820100 2594 112800.00 SH SOLE 80600.00 32200.00
D.R. Horton COM 23331A109 946 68500.00 SH SOLE 40100.00 28400.00
DTE Holdings Inc COM 233331107 6414 202800.00 SH SOLE 149900.00 52900.00
Dean Foods COM 242361103 640 16100.00 SH SOLE 4000.00 12100.00
Dell Computer Corp COM 247025109 1056 20700.00 SH SOLE 20700.00
Delphi Finl Group COM 247131105 703 23424.00 SH SOLE 23424.00
Delta Air Lines COM 247361108 3058 61400.00 SH SOLE 39000.00 22400.00
Deluxe Corp COM 248019101 889 32400.00 SH SOLE 32400.00
Dentsply Intl Inc COM 249030107 2096 88700.00 SH SOLE 69500.00 19200.00
Detroit Diesel Corp COM 250837101 261 13600.00 SH SOLE 7800.00 5800.00
Diebold Inc COM 253651103 569 24200.00 SH SOLE 17700.00 6500.00
Dime Bankcorp Inc COM 25429Q102 287 19000.00 SH SOLE 19000.00
Disney (Walt) Prod COM 254687106 9024 308500.00 SH SOLE 308500.00
Dollar Thrifty Automotive COM 256743105 239 10000.00 SH SOLE 10000.00
Doubleclick Inc COM 258609304 329 1300.00 SH SOLE 1300.00
Dover Corp COM 260003108 821 18100.00 SH SOLE 18100.00
Dow Chemical Company COM 260543103 4757 35600.00 SH SOLE 29800.00 5800.00
Du Pont (E.I.) DeNemours COM 263534109 586 8900.00 SH SOLE 8900.00
Duke Energy Corp COM 264399106 842 16800.00 SH SOLE 1300.00 15500.00
Dura Pharmaceuticals COM 26632S109 1040 74600.00 SH SOLE 64000.00 10600.00
Dycom Industries COM 267475101 2128 48300.00 SH SOLE 34300.00 14000.00
EBAY Inc COM 278642103 250 2000.00 SH SOLE 2000.00
EMC Corp COM 268648102 1977 18100.00 SH SOLE 18100.00
Earthgrains Co COM 270319106 427 26500.00 SH SOLE 5400.00 21100.00
Eastman Kodak COM 277461109 8599 129800.00 SH SOLE 98100.00 31700.00
Edwards ( A.G.) Inc COM 281760108 1254 39100.00 SH SOLE 19100.00 20000.00
El Paso Energy Corporation COM 283905107 792 20400.00 SH SOLE 2800.00 17600.00
Electronic Data Systems COM 285661104 7423 110900.00 SH SOLE 94100.00 16800.00
Energen Corp COM 29265N108 685 37900.00 SH SOLE 28800.00 9100.00
Energy East Corp COM 29266M109 893 42900.00 SH SOLE 42900.00
Engelhard Corp COM 292845104 2843 150600.00 SH SOLE 117600.00 33000.00
Ensco Intl Inc COM 26874Q100 357 15600.00 SH SOLE 15600.00
Entergy Corp COM 29364G103 6605 256500.00 SH SOLE 180600.00 75900.00
Equitable Resources COM 294549100 220 6600.00 SH SOLE 6600.00
Equity Office Properties COM 294741103 246 10000.00 SH SOLE 10000.00
Exodus Communications Inc COM 302088109 213 2400.00 SH SOLE 2400.00
Exxon Mobil Corp COM 30231G102 34240 425016.53 SH SOLE 308066.07 116950.46
FMC Corp COM 302491303 8517 148600.00 SH SOLE 109400.00 39200.00
FPL Group Inc COM 302571104 3134 73200.00 SH SOLE 59000.00 14200.00
Fannie Mae COM 313586109 6131 98200.00 SH SOLE 64600.00 33600.00
Federal Home Ln Mt COM 313400301 6688 142100.00 SH SOLE 127200.00 14900.00
Federated Dept Stores COM 31410H101 13718 271300.00 SH SOLE 194000.00 77300.00
</TABLE>
3
<PAGE> 4
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Ferro Corp COM 315405100 671 30500.00 SH SOLE 17000.00 13500.00
Finova Group Inc COM 317928109 2819 79400.00 SH SOLE 52500.00 26900.00
First American Fin'l Cp Ca COM 318522307 136 10900.00 SH SOLE 10900.00
First Citizens Bancsh Cl A COM 31946M103 356 5100.00 SH SOLE 5100.00
First Union Corp COM 337358105 5738 174200.00 SH SOLE 118800.00 55400.00
FirstEnergy Corp COM 337932107 935 41200.00 SH SOLE 38800.00 2400.00
Firstar Corp COM 33763V109 8000 378700.00 SH SOLE 311300.00 67400.00
FleetBoston Finl Corp COM 339030108 8821 253400.00 SH SOLE 171400.00 82000.00
Ford Motor Company COM 345370100 22722 426200.00 SH SOLE 311600.00 114600.00
Furniture Brands COM 360921100 2356 107100.00 SH SOLE 70900.00 36200.00
GATX Corp COM 361448103 931 27600.00 SH SOLE 27600.00
GPU Inc. COM 36225X100 2978 100100.00 SH SOLE 68800.00 31300.00
GTE Corp COM 362320103 4163 59000.00 SH SOLE 18400.00 40600.00
Galileo International COM 363547100 3551 118600.00 SH SOLE 68600.00 50000.00
Gannett Co COM 364730101 16215 198800.00 SH SOLE 143900.00 54900.00
General Electric COM 369604103 17038 110100.00 SH SOLE 110100.00
General Motors Corp COM 370442105 6280 86400.00 SH SOLE 46000.00 40400.00
Genl Dynamics COM 369550108 4072 77200.00 SH SOLE 60100.00 17100.00
Georgia Pacific Corp COM 373298108 8105 159700.00 SH SOLE 103800.00 55900.00
Gerber Scientific COM 373730100 219 10000.00 SH SOLE 10000.00
Global Marine Inc COM 379352404 1909 114800.00 SH SOLE 81200.00 33600.00
Golden State Bancorp Inc COM 381197102 1383 80200.00 SH SOLE 32700.00 47500.00
Golden West Finl COM 381317106 643 19200.00 SH SOLE 19200.00
Goldman Sachs Group COM 38141G104 810 8600.00 SH SOLE 8600.00
Goodrich (B.F.) COM 382388106 1119 40700.00 SH SOLE 21100.00 19600.00
Gotham Partners COM 38346L9G3 9415 5932.39 SH OTHER 5932.39
Grace (W.R.) COM 38388F108 3386 239700.00 SH SOLE 144800.00 94900.00
Great Atlantic & Pacific Tea C COM 390064103 912 32700.00 SH SOLE 32700.00
Greenpoint Financial COM 395384100 371 15600.00 SH SOLE 15600.00
Gtech Hldgs Corp COM 400518106 1234 56100.00 SH SOLE 56100.00
Harman Intl Inds COM 413086109 286 5100.00 SH SOLE 5100.00
Harrah's Entertainment COM 413619107 449 17000.00 SH SOLE 17000.00
Haverty Furniture COM 419596101 355 28100.00 SH SOLE 22100.00 6000.00
Herbalife Intl COM 426908208 244 17000.00 SH SOLE 17000.00
Hewlett-Packard Company COM 428236103 3014 26500.00 SH SOLE 23000.00 3500.00
Hibernia Corp COM 428656102 1626 153000.00 SH SOLE 65400.00 87600.00
Home Depot COM 437076102 2351 34200.00 SH SOLE 34200.00
Honeywell Intl Inc COM 438516106 536 9300.00 SH SOLE 9300.00
Houghton Mifflin Co COM 441560109 287 6800.00 SH SOLE 6800.00
Household Int'l COM 441815107 7517 201800.00 SH SOLE 134200.00 67600.00
Hughes Supply Inc COM 444482103 834 38700.00 SH SOLE 30600.00 8100.00
IBP Inc COM 449223106 7308 406000.00 SH SOLE 264400.00 141600.00
ICN Pharmaceutical COM 448924100 1696 67000.00 SH SOLE 49900.00 17100.00
IPALCO Enterprises Inc COM 462613100 208 12200.00 SH SOLE 12200.00
ITT Industries COM 450911102 3394 101500.00 SH SOLE 60100.00 41400.00
Imperial Bancorp COM 452556103 1764 73104.00 SH SOLE 54960.00 18144.00
Ingersoll-Rand Co COM 456866102 485 8800.00 SH SOLE 800.00 8000.00
Ingram Micro COM 457153104 202 15400.00 SH SOLE 15400.00
Integrated Device COM 458118106 1728 59600.00 SH SOLE 28200.00 31400.00
Intel Corp COM 458140100 5326 64700.00 SH SOLE 64700.00
Intermet Corp COM 45881K104 451 38800.00 SH SOLE 29200.00 9600.00
Internet Capital Group COM 46059C106 289 1700.00 SH SOLE 1700.00
Interpool Inc COM 46062R108 88 11800.00 SH SOLE 11800.00
Interstate Bakeries COM 46072H108 1530 84400.00 SH SOLE 54300.00 30100.00
Intl Business Machines COM 459200101 12233 113400.00 SH SOLE 82400.00 31000.00
Intl Home Foods Inc COM 459655106 1489 85700.00 SH SOLE 61500.00 24200.00
</TABLE>
4
<PAGE> 5
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Invacare Corp COM 461203101 827 41200.00 SH SOLE 26500.00 14700.00
JDS Uniphase Corp COM 46612J101 387 2400.00 SH SOLE 2400.00
JLG Industries Inc COM 466210101 998 62600.00 SH SOLE 44400.00 18200.00
JSB Financial Inc COM 46624M100 207 4000.00 SH SOLE 4000.00
Johnson & Johnson COM 478160104 11050 118500.00 SH SOLE 77900.00 40600.00
Johnson Controls Inc COM 478366107 6080 106900.00 SH SOLE 64300.00 42600.00
Jones Apparel Group COM 480074103 1462 53900.00 SH SOLE 44600.00 9300.00
KLA-Tencor Corp COM 482480100 947 8500.00 SH SOLE 8500.00
Kansas City Life Ins Co COM 484836101 344 10200.00 SH SOLE 10200.00
Kansas City Southern COM 485170104 358 4800.00 SH SOLE 4800.00
Kaufman & Broad Home COM 486168107 711 29400.00 SH SOLE 29400.00
Keebler Foods Co COM 487256109 1015 36100.00 SH SOLE 36100.00
Kerr McGee Corp COM 492386107 4669 75300.00 SH SOLE 53100.00 22200.00
Keycorp COM 493267108 3042 137500.00 SH SOLE 137500.00
Keyspan Corp COM 49337W100 5083 219200.00 SH SOLE 128800.00 90400.00
Kimberly-Clark COM 494368103 10869 166100.00 SH SOLE 88800.00 77300.00
Kinder Morgan Inc COM 49455P101 230 11400.00 SH SOLE 6000.00 5400.00
Knight Ridder COM 499040103 256 4300.00 SH SOLE 4300.00
Kroger Co COM 501044101 661 35000.00 SH SOLE 35000.00
LG&E Energy Corp COM 501917108 391 22400.00 SH SOLE 22400.00
Lancaster Colony Corp COM 513847103 3228 97450.00 SH SOLE 57750.00 39700.00
Lear Corp COM 521865105 746 23300.00 SH SOLE 7000.00 16300.00
Lehman Brothers Holding Compan COM 524908100 2363 27900.00 SH SOLE 27900.00
Lexmark Intl Group COM 529771107 443 4900.00 SH SOLE 4900.00
Libbey Inc COM 529898108 233 8100.00 SH SOLE 3600.00 4500.00
Liberty Corp S C COM 530370105 219 5200.00 SH SOLE 5200.00
Lilly Industries Inc -Cl A COM 532491107 206 15300.00 SH SOLE 9800.00 5500.00
Lincare Holdings COM 532791100 1224 35300.00 SH SOLE 18000.00 17300.00
Lincoln Electric Holdings COM 533900106 448 21700.00 SH SOLE 21700.00
Lincoln Nat'l Corp COM 534187109 752 18800.00 SH SOLE 18800.00
Litton Ind Inc COM 538021106 1352 27100.00 SH SOLE 6600.00 20500.00
Loew's Corp COM 540424108 14140 233000.00 SH SOLE 163700.00 69300.00
Louisiana Pacific Corp COM 546347105 2663 189400.00 SH SOLE 143400.00 46000.00
Lowe's Companies COM 548661107 412 6900.00 SH SOLE 6900.00
Lubrizol Corp COM 549271104 296 9600.00 SH SOLE 9600.00
Lucent Technologies COM 549463107 5475 73000.00 SH SOLE 63000.00 10000.00
M & T Bank Corporation COM 55261F104 373 900.00 SH SOLE 900.00
MBIA Inc COM 55262C100 3792 71800.00 SH SOLE 54100.00 17700.00
MCI Worldcom Inc COM 55268B106 21952 413700.00 SH SOLE 327450.00 86250.00
MDC Holdings COM 552676108 190 12100.00 SH SOLE 12100.00
MGIC Investment COM 552848103 7337 121900.00 SH SOLE 80600.00 41300.00
Mail-Well Inc. COM 560321200 1303 96500.00 SH SOLE 65000.00 31500.00
Mallinckrodt Group COM 561232109 372 11700.00 SH SOLE 11700.00
Manitowoc Inc COM 563571108 1459 42900.00 SH SOLE 31800.00 11100.00
Manpower Inc COM 56418H100 316 8400.00 SH SOLE 8400.00
Merck & Co Inc COM 589331107 11261 167600.00 SH SOLE 152500.00 15100.00
Meredith Corp COM 589433101 905 21700.00 SH SOLE 12600.00 9100.00
Michael Foods Inc COM 594079105 660 26800.00 SH SOLE 18200.00 8600.00
Micron Technology COM 595112103 9975 128300.00 SH SOLE 104400.00 23900.00
Micros Systems Inc COM 594901100 363 4900.00 SH SOLE 500.00 4400.00
Microsoft Corp COM 594918104 22626 193800.00 SH SOLE 188500.00 5300.00
Minnesota Power & Light COM 604110106 264 15600.00 SH SOLE 15600.00
Mohawk Industries COM 608190104 2110 80000.00 SH SOLE 60500.00 19500.00
Morgan Stanley Dean Witter & C COM 617446448 18225 127670.00 SH SOLE 92970.00 34700.00
Motorola COM 620076109 3976 27000.00 SH SOLE 11600.00 15400.00
Mueller Industries COM 624756102 1870 51600.00 SH SOLE 33300.00 18300.00
</TABLE>
5
<PAGE> 6
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Nacco Inds Inc COM 629579103 439 7900.00 SH SOLE 7900.00
Nat'l Data Corp COM 635621105 713 21000.00 SH SOLE 16300.00 4700.00
Nat'l Semiconductor COM 637640103 321 7500.00 SH SOLE 7500.00
Nat'l Service Inds COM 637657107 850 28800.00 SH SOLE 20700.00 8100.00
Navigant Consulting Co COM 63935N107 989 90900.00 SH SOLE 67900.00 23000.00
Newmont Mining COM 651639106 272 11100.00 SH SOLE 11100.00
Nextel Communication COM 65332V103 897 8700.00 SH SOLE 8700.00
Nextlink Comm Cl A COM 65333H707 291 3500.00 SH SOLE 1800.00 1700.00
Noble Drilling Corp COM 655042109 6353 194000.00 SH SOLE 136200.00 57800.00
Nortek Inc COM 656559101 759 27100.00 SH SOLE 21600.00 5500.00
Northwest National Gas Company COM 667655104 202 9200.00 SH SOLE 3900.00 5300.00
Novell Inc COM 670006105 256 6400.00 SH SOLE 6400.00
Nucor Corp COM 670346105 280 5100.00 SH SOLE 5100.00
OGE Energy Company COM 670837103 249 13100.00 SH SOLE 13100.00
Occidental Petroleum COM 674599105 8849 409200.00 SH SOLE 302200.00 107000.00
Ocular Sciences Inc. Com COM 675744106 1274 67500.00 SH SOLE 47400.00 20100.00
Office Depot Inc COM 676220106 4686 426000.00 SH SOLE 350400.00 75600.00
Old Republic Int'l COM 680223104 801 58800.00 SH SOLE 58800.00
Oneok Inc COM 682680103 224 8900.00 SH SOLE 8900.00
Oracle Systems Corp COM 68389X105 1468 13100.00 SH SOLE 13100.00
Orthodontic Centers of America COM 68750P103 473 39600.00 SH SOLE 13200.00 26400.00
PE Corp - PE Biosystems COM 69332S102 205 1700.00 SH SOLE 1700.00
PECO Energy COM 693304107 5946 171100.00 SH SOLE 110800.00 60300.00
PNC Financial COM 693475105 4254 95600.00 SH SOLE 44800.00 50800.00
Paccar Inc COM 693718108 1024 23100.00 SH SOLE 23100.00
Pacific Century Finl COM 694058108 1985 106200.00 SH SOLE 93600.00 12600.00
Pacificare Health System Del C COM 695112102 609 11500.00 SH SOLE 11500.00
Paine Webber Inc COM 695629105 6509 167700.00 SH SOLE 108900.00 58800.00
Papa John's Intl COM 698813102 482 18500.00 SH SOLE 4100.00 14400.00
Park Electrochemical Corp COM 700416209 494 18600.00 SH SOLE 14400.00 4200.00
Paxar Corp COM 704227107 521 61700.00 SH SOLE 61700.00
Payless Shoesource COM 704379106 277 5900.00 SH SOLE 5900.00
Pentair Inc COM 709631105 2572 66800.00 SH SOLE 36300.00 30500.00
Peoples Energy Corp COM 711030106 1380 41200.00 SH SOLE 41200.00
Peoples Heritage Finl COM 711147108 163 10800.00 SH SOLE 10800.00
Petco Animal Supplies COM 716016100 509 34200.00 SH SOLE 22100.00 12100.00
Pfizer Inc. COM 717081103 9371 288900.00 SH SOLE 267900.00 21000.00
Pharmaceutical Prod COM 717124101 556 46800.00 SH SOLE 46800.00
Philip Morris Inc COM 718154107 12691 551800.00 SH SOLE 472000.00 79800.00
Phillips Pete COM 718507106 10251 218100.00 SH SOLE 149500.00 68600.00
Pilgrims Pride Corp Cl B COM 721467108 142 17100.00 SH SOLE 17100.00
Pioneer Std Electronics COM 723877106 1279 88600.00 SH SOLE 66100.00 22500.00
Pitney Bowes COM 724479100 1420 29400.00 SH SOLE 5100.00 24300.00
Pittway Corp Cl A COM 725790208 260 5800.00 SH SOLE 5800.00
Plantronics Inc. COM 727493108 286 4000.00 SH SOLE 1500.00 2500.00
Plexus Corp COM 729132100 664 15100.00 SH SOLE 11000.00 4100.00
Polaris Inds Inc COM 731068102 721 19900.00 SH SOLE 19900.00
Policy Mgmt Sys Corp COM 731108106 1028 40200.00 SH SOLE 24800.00 15400.00
Praxair COM 74005P104 2601 51700.00 SH SOLE 26000.00 25700.00
Precision Castparts COM 740189105 260 9900.00 SH SOLE 9900.00
Prison Realty Corp COM 74264N105 87 17100.00 SH SOLE 17100.00
Procter & Gamble Co COM 742718109 5522 50400.00 SH SOLE 50400.00
Prologis Tr COM 743410102 206 10700.00 SH SOLE 10700.00
Providian Finl Corp COM 74406A102 2063 22650.00 SH SOLE 16750.00 5900.00
Public Service Ent COM 744573106 13243 380400.00 SH SOLE 325200.00 55200.00
Public Service New Mexico COM 744499104 1514 93200.00 SH SOLE 61200.00 32000.00
</TABLE>
6
<PAGE> 7
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Pulte Corporation COM 745867101 259 11500.00 SH SOLE 11500.00
Qualcomm Inc COM 747525103 1761 10000.00 SH SOLE 10000.00
Quanex Corp COM 747620102 915 35900.00 SH SOLE 23600.00 12300.00
Quantum Corp - DLT & Storage COM 747906204 463 30600.00 SH SOLE 30600.00
Questar Corp COM 748356102 997 66500.00 SH SOLE 57200.00 9300.00
Quiksilver Inc COM 74838C106 267 17200.00 SH SOLE 17200.00
Quintiles Transnat'l COM 748767100 878 47000.00 SH SOLE 47000.00
Reliant Energy Inc COM 75952J108 3029 132400.00 SH SOLE 84800.00 47600.00
Rent Way Inc COM 76009U104 790 42300.00 SH SOLE 29900.00 12400.00
Republic Group COM 760473108 186 12300.00 SH SOLE 12300.00
Resmed Inc. COM 761152107 789 18900.00 SH SOLE 12900.00 6000.00
Reynolds & Reynolds COM 761695105 4482 199200.00 SH SOLE 126300.00 72900.00
Roadway Express COM 769742107 381 17600.00 SH SOLE 11000.00 6600.00
Rollins Truck Leasing COM 775741101 834 69900.00 SH SOLE 59700.00 10200.00
Roper Industries COM 776696106 431 11400.00 SH SOLE 11400.00
Ross Stores Inc COM 778296103 2282 127200.00 SH SOLE 102800.00 24400.00
Rowan Cos Inc COM 779382100 720 33200.00 SH SOLE 33200.00
Royal Dutch Pet. COM 780257804 3519 58100.00 SH SOLE 58100.00
Ryans Family Steak House COM 783519101 455 53500.00 SH SOLE 53500.00
Ryland Group COM 783764103 482 20900.00 SH SOLE 20900.00
S&P Dep Rec COM 78462F103 1469 10000.00 SH SOLE 10000.00
SBC Communications COM 78387G103 17262 354094.20 SH SOLE 201892.20 152202.00
SCI Systems Inc COM 783890106 1414 17200.00 SH SOLE 14700.00 2500.00
SEI Investments Company COM 784117103 202 1700.00 SH SOLE 600.00 1100.00
SPS Technologies Inc COM 784626103 990 31000.00 SH SOLE 23700.00 7300.00
Safeway Inc COM 786514208 1863 52100.00 SH SOLE 39300.00 12800.00
Saks Holdings Inc COM 79377W108 1508 96900.00 SH SOLE 66600.00 30300.00
Sara Lee Corp COM 803111103 375 17000.00 SH SOLE 17000.00
Schein (Henry) Inc COM 806407102 1193 89600.00 SH SOLE 53100.00 36500.00
Schering Plough Corp COM 806605101 1462 34500.00 SH SOLE 34500.00
Scientific Atlanta Inc COM 808655104 402 7200.00 SH SOLE 7200.00
Sears Roebuck COM 812387108 4863 160100.00 SH SOLE 102200.00 57900.00
Seitel Inc COM 816074306 103 15200.00 SH SOLE 15200.00
Shared Med Sys Corp COM 819486101 438 8600.00 SH SOLE 2900.00 5700.00
Shaw Industries Inc COM 820286102 223 14400.00 SH SOLE 14400.00
Sherwin Williams Co COM 824348106 1825 86900.00 SH SOLE 49400.00 37500.00
Shopko Stores Inc COM 824911101 2150 93500.00 SH SOLE 68400.00 25100.00
Shorewood Packaging COM 825229107 517 27300.00 SH SOLE 20400.00 6900.00
Smithfield Foods Inc COM 832248108 1997 83200.00 SH SOLE 61100.00 22100.00
Snap-On Inc COM 833034101 3881 146100.00 SH SOLE 102200.00 43900.00
Southern Company COM 842587107 1664 70800.00 SH SOLE 70800.00
Southtrust Corp COM 844730101 548 14500.00 SH SOLE 14500.00
Sovereign Bancorp COM 845905108 89 12000.00 SH SOLE 12000.00
Spring Inds Inc COM 851783100 252 6300.00 SH SOLE 6300.00
Sprint COM 852061100 653 9700.00 SH SOLE 9700.00
St. Paul Companies COM 792860108 239 7100.00 SH SOLE 7100.00
Standard Pacific Cp COM 85375C101 458 41600.00 SH SOLE 26700.00 14900.00
Sterling Commerce COM 859205106 527 15500.00 SH SOLE 3400.00 12100.00
Sterling Software Inc COM 859547101 4082 129600.00 SH SOLE 97800.00 31800.00
Suiza Foods Corp COM 865077101 3554 89700.00 SH SOLE 68000.00 21700.00
Sun Microsystems Inc COM 866810104 1402 18100.00 SH SOLE 18100.00
Sungard Data Systems COM 867363103 1575 66300.00 SH SOLE 60600.00 5700.00
Supervalu Inc COM 868536103 8470 423500.00 SH SOLE 299500.00 124000.00
Sylvan Learning System COM 871399101 615 47300.00 SH SOLE 36500.00 10800.00
Symantec COM 871503108 1313 22400.00 SH SOLE 22400.00
T Rowe Price COM 741477103 573 15500.00 SH SOLE 15500.00
</TABLE>
7
<PAGE> 8
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
TCF Financial Corp COM 872275102 400 16100.00 SH SOLE 16100.00
TJX Companies Inc COM 872540109 505 24700.00 SH SOLE 24700.00
Tech Data COM 878237106 2669 98400.00 SH SOLE 75100.00 23300.00
Tecumseh Products COM 878895200 2081 44100.00 SH SOLE 28700.00 15400.00
Tel & Data Systems COM 879433100 2432 19300.00 SH SOLE 9700.00 9600.00
Teradyne Inc COM 880770102 561 8500.00 SH SOLE 8500.00
Terex Corp New COM 880779103 2395 86300.00 SH SOLE 67500.00 18800.00
Tesoro Pete Corp COM 881609101 772 66800.00 SH SOLE 47400.00 19400.00
Tetra Tech Inc COM 88162G103 248 16100.00 SH SOLE 6600.00 9500.00
Texaco Inc COM 881694103 4025 74100.00 SH SOLE 26900.00 47200.00
Texas Industries Inc. COM 882491103 2541 59700.00 SH SOLE 36500.00 23200.00
Texas Instruments COM 882508104 686 7100.46 SH SOLE 7100.46
Texas Utilities COM 882848104 4189 117800.00 SH SOLE 73400.00 44400.00
Thermo Electron Co COM 883556102 3139 209300.00 SH SOLE 131900.00 77400.00
Thermo Instr Sys Inc COM 883559106 324 29100.00 SH SOLE 22700.00 6400.00
Tidewater Inc COM 886423102 623 17300.00 SH SOLE 17300.00
Time Warner Inc COM 887315109 615 8500.00 SH SOLE 8500.00
Topps Inc COM 890786106 1461 140800.00 SH SOLE 97500.00 43300.00
Tosco Corp COM 891490302 5253 193200.00 SH SOLE 129100.00 64100.00
Toys 'r' Us COM 892335100 3695 258200.00 SH SOLE 172000.00 86200.00
Trans World Entmt Corp COM 89336Q100 1419 135100.00 SH SOLE 95600.00 39500.00
Tribune Co New COM 896047107 7857 142700.00 SH SOLE 82800.00 59900.00
Trinity Indust Inc COM 896522109 370 13000.00 SH SOLE 13000.00
Tupperware Corp COM 899896104 3316 195800.00 SH SOLE 156100.00 39700.00
Tyco Intl Ltd COM 902124106 1509 38700.00 SH SOLE 38700.00
Tyson Food Inc COM 902494103 346 21300.00 SH SOLE 21300.00
U S Bancorp Inc. COM 917292104 159 13500.00 SH SOLE 13500.00
U.S. Bancorp COM 902973106 1736 72900.00 SH SOLE 72900.00
U.S. Cellular COM 911684108 3957 39200.00 SH SOLE 21000.00 18200.00
U.S. Freightways COM 916906100 1776 37100.00 SH SOLE 29300.00 7800.00
UAL Corp COM 902549500 1799 23200.00 SH SOLE 11700.00 11500.00
US Foodservice COM 90331R101 295 17600.00 SH SOLE 17600.00
USEC Inc COM 90333E108 319 45600.00 SH SOLE 45600.00
USG Corp COM 903293405 4270 90600.00 SH SOLE 52600.00 38000.00
USX-Marathon Group COM 902905827 10939 443100.00 SH SOLE 332600.00 110500.00
Ultramar Diamond Shamrock COM 904000106 1502 66200.00 SH SOLE 26000.00 40200.00
Union Pacific Corp COM 907818108 2822 64600.00 SH SOLE 54400.00 10200.00
Unisys Corp COM 909214108 281 8800.00 SH SOLE 8800.00
United Illuminating COM 910637107 498 9700.00 SH SOLE 9700.00
United Rentals Inc COM 911363109 2903 169500.00 SH SOLE 105700.00 63800.00
United Stationers Inc COM 913004107 4656 163000.00 SH SOLE 121100.00 41900.00
United Tech Co COM 913017109 390 6000.00 SH SOLE 6000.00
Universal Foods Corp COM 913538104 929 45600.00 SH SOLE 32400.00 13200.00
Univision Comm COM 914906102 4660 45600.00 SH SOLE 36800.00 8800.00
Utd Healthcare Corp COM 910581107 2518 47400.00 SH SOLE 44200.00 3200.00
Utd Natural Foods COM 911163103 175 14600.00 SH SOLE 14600.00
Utilicorp COM 918005109 772 39700.00 SH SOLE 39700.00
Vastar Resources COM 922380100 442 7500.00 SH SOLE 7500.00
Verisign Inc COM 92343E102 458 2400.00 SH SOLE 2400.00
Veritas Software Corp (Del) COM 923436109 465 3250.00 SH SOLE 3250.00
Viacom Class B COM 925524308 3530 58400.00 SH SOLE 38400.00 20000.00
Vintage Pete COM 927460105 1037 86000.00 SH SOLE 56500.00 29500.00
Voicestream Wireless Corp COM 928615103 484 3400.00 SH SOLE 3400.00
WMS Industries Inc COM 929297109 1021 77800.00 SH SOLE 64000.00 13800.00
Wal-Mart Stores COM 931142103 7106 102800.00 SH SOLE 102800.00
Wallace Computer Svc COM 932270101 1169 70300.00 SH SOLE 50100.00 20200.00
</TABLE>
8
<PAGE> 9
Martingale Asset Management
FORM 13F
December 31, 1999
<TABLE>
<CAPTION>
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------
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>
Walter Industries Inc COM 93317Q105 108 10000.00 SH SOLE 10000.00
Warnaco Grp Inc -Cl A COM 934390105 1207 98000.00 SH SOLE 70800.00 27200.00
Warner-Lambert Co COM 934488107 418 5100.00 SH SOLE 5100.00
Wells Fargo & Co COM 949746101 6300 155800.00 SH SOLE 136500.00 19300.00
Weyerhaeuser Co COM 962166104 2664 37100.00 SH SOLE 37100.00
Wisconsin Central Transpor COM 976592105 352 26200.00 SH SOLE 800.00 25400.00
World Access Inc. COM 98141A101 820 42600.00 SH SOLE 29800.00 12800.00
Xilinx COM 983919101 227 5000.00 SH SOLE 5000.00
Xtra Corporation COM 984138107 413 9700.00 SH SOLE 9700.00
Yahoo Inc COM 984332106 1385 3200.00 SH SOLE 3200.00
York Int'l Corp COM 986670107 807 29400.00 SH SOLE 14400.00 15000.00
Zale Corp COM 988858106 3739 77300.00 SH SOLE 51100.00 26200.00
S&P 500 Futures 3/00 sp00h 8625 690 SH SOLE 414 276
462 37 SH OTHER 37
REPORT SUMMARY 462 DATA RECORDS 1323422 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
