<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number: _______________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Heartland Advisors, Inc.
Address: 789 N. Water St.
Milwaukee, WI 53202
Form 13F File Number: 28-3516
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Patrick J. Retzer
Title: Senior Vice President
Phone: 414-347-7777
Signature, Place and Date of Signing:
Patrick J. Retzer Milwaukee, Wisconsin May 10, 2000
- ----------------- -------------------- ------------
[Signature] [City, State] [Date]
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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
----------------------------
Form 13F Information Table Entry Total: 321
----------------------------
Form 13F Information Table Value Total: $ 2,022,740
----------------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
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>
3DFX INTERACTIVE INC COM 88553X103 8953 750000 SH SOLE 750000 0 0
AAR CORP COM 000361105 8344 500000 SH SOLE 500000 0 0
ACETO CORP COM 004446100 1350 150000 SH SOLE 150000 0 0
ALABAMA NATL BANCORP DELA COM 010317105 2090 110000 SH SOLE 110000 0 0
ALBEMARLE CORP COM 012653101 558 26900 SH SOLE 22800 0 4100
ALLIANT CORP COM 018802108 454 14900 SH SOLE 12100 0 2800
ALLIED HEALTHCARE PRODS INC COM 019222108 6250 1923200 SH SOLE 1923200 0 0
ALLSTATE CORP COM 020002101 356 15600 SH SOLE 15600 0 0
ALPHA MICROSYSTEMS INC COM 020903100 1402 225000 SH SOLE 225000 0 0
ALPINE GROUP INC COM 020825105 12722 1413500 SH SOLE 1358900 0 54600
AMBASSADORS INTL CORP COM 023178106 5486 422000 SH SOLE 410300 0 11700
AMCOL INTL CORP COM 02341W103 3075 200000 SH SOLE 200000 0 0
AMERCO COM 023586100 9671 526300 SH SOLE 520800 0 5500
AMERICAN MED SEC GROUP INC COM 02744P101 11511 1612900 SH SOLE 1434100 0 178800
AMERICAN PHYSICIANS SVC GROUP COM 028882108 1232 402200 SH SOLE 397200 0 5000
AMERUS LIFE HLDGS INC COM 030732101 4890 269800 SH SOLE 260100 0 9700
AMTRAN INC COM 03234G106 3718 208000 SH SOLE 208000 0 0
AMWEST INS GROUP INC DEL COM 032345100 3626 420410 SH SOLE 408610 0 11800
ANSYS INC COM 03662Q105 14182 1319250 SH SOLE 1217450 0 101800
ARCH CHEMICALS INC COM 03937R102 5372 268600 SH SOLE 260000 0 8600
ARROW ELECTRS INC COM 042735100 374 10600 SH SOLE 8200 0 2400
ASIA PACIFIC WIRE & CABLE CORP COM G0535E106 10168 2465000 SH SOLE 2308100 0 156900
ASSOCIATED BANC CORP COM 045487105 11964 400477 SH SOLE 400477 0 0
ASTEC INDS INC COM 046224101 1191 44850 SH SOLE 41050 0 3800
ATLANTIC AMERN CORP COM 048209100 773 287500 SH SOLE 287500 0 0
AUDIOHIGHWAY COM COM 050740109 164 30800 SH SOLE 30800 0 0
AVTEAM INC COM 054527205 2212 632000 SH SOLE 632000 0 0
BADGER METER INC COM 056525108 15983 440900 SH SOLE 420600 0 20300
BALWIN PIANO & ORGAN CO COM 058246109 5473 723700 SH SOLE 723700 0 0
BANDO MCGLOCKLIN CAP CORP COM 060003100 1455 175000 SH SOLE 175000 0 0
BANK UTD CORP COM 065412108 473 15000 SH SOLE 12900 0 2100
BANK OF AMERICA CORP COM 060505104 225 4300 SH SOLE 4300 0 0
BARRETT BUSINESS SERVICES INC COM 068463108 8655 1442500 SH SOLE 1378900 0 63600
BELL MICROPRODUCTS INC COM 078137106 259 15000 SH SOLE 8300 0 6700
BENTON OIL & GAS CO COM 083288100 12739 4431000 SH SOLE 4100800 0 330200
BEVERLY ENTERPRISES INC COM 087851309 32182 8727200 SH SOLE 8187900 0 539300
BLIMPIE INTL INC COM 093538106 938 500000 SH SOLE 500000 0 0
BOLDER TECHNOLOGIES CORP COM 097519102 130 14832 SH SOLE 14832 0 0
BORDERS GROUP INC COM 099709107 315 18300 SH SOLE 14300 0 4000
BOSTON SCIENTIFIC CORPORATION COM 101137107 1284 60250 SH SOLE 56350 0 3900
BTG INC COM 05576J101 18414 1938300 SH SOLE 1872700 0 65600
BUCKHEAD AMER CORP COM 11835A105 946 184600 SH SOLE 184600 0 0
BUILDING MATLS HLDG CORP COM 120113105 2266 250000 SH SOLE 250000 0 0
BURLINGTON RESOURCES INC COM 122014103 311 8400 SH SOLE 8100 0 300
BURNS INTL SVCS CORP COM 122374101 9246 880600 SH SOLE 874600 0 6000
BUSINESS RESOURCE GROUP COM 12329K104 5113 644200 SH SOLE 570400 0 73800
CAMERON ASHLEY BUILDING PRODS COM 133290106 6797 394000 SH SOLE 394000 0 0
CAPITAL CORP OF THE WEST COM 140065103 1143 136500 SH SOLE 136500 0 0
CAPITOL TRANSAMERICA CORP COM 140640103 1285 106000 SH SOLE 106000 0 0
CATALINA LTG INC COM 148865108 6577 1384700 SH SOLE 1384700 0 0
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAVALIER HOMES INC COM 149507105 2015 700800 SH SOLE 585800 0 115000
CELLSTAR CORP COM 150925105 25181 3147600 SH SOLE 2947700 0 199900
CHC HELICOPTER CORP COM 12541C203 3567 1050000 SH SOLE 1050000 0 0
CHEAP TICKETS INC COM 162672109 353 25000 SH SOLE 25000 0 0
CHERRY CORP COM 164541401 8259 543800 SH SOLE 543800 0 0
CHILDRENS COMPREHENSIVE SVS COM 16875K202 1898 460000 SH SOLE 460000 0 0
CHIREX INC COM 170038103 542 28150 SH SOLE 28150 0 0
CHRONIMED INC COM 171164106 11129 1483900 SH SOLE 1408000 0 75900
CINAR CORP SUB VTG SHS B 171905300 5355 765000 SH SOLE 758500 0 6500
CIPRICO INC COM 172529109 6173 567600 SH SOLE 543800 0 23800
CKE RESTAURANTS INC SB NT CV 4.25%04 12561EAB1 370 680000 PRN SOLE 14148 0 1369
CLAIMSNET COM INC COM 179570106 137 15000 SH SOLE 15000 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 4895 301200 SH SOLE 301200 0 0
CNH GLOBAL NV ORD N20935107 270 27300 SH SOLE 19800 0 7500
COLONIAL PPTYS TR COM 195872106 9987 420500 SH SOLE 379300 0 41200
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 324 12800 SH SOLE 12800 0 0
COMDIAL CORP COM 200332302 3938 300000 SH SOLE 300000 0 0
COMMERCIAL FEDERAL CORPORATION COM 201647104 10630 639425 SH SOLE 569600 0 69825
COMMONWEALTH INDS INC DEL COM 203004106 13782 1520800 SH SOLE 1452800 0 68000
COMPUWARE CORP COM 205638109 954 45275 SH SOLE 42775 0 2500
CONSOLIDATED FREIGHTWAYS CORP COM 209232107 3603 610000 SH SOLE 610000 0 0
COOPER TIRE & RUBR CO COM 216831107 565 45000 SH SOLE 38700 0 6300
CROWN CENT PETE CORP COM 228219309 7875 900000 SH SOLE 900000 0 0
CYRK, INC COM 232817106 7824 887800 SH SOLE 806200 0 81600
DATRON SYS INC DEL COM 238173108 3422 285200 SH SOLE 245600 0 39600
DAVEL COMMUNICATIONS INC COM 238341101 2173 869357 SH SOLE 811319 0 58038
DECORATOR INDS INC COM 243631207 1704 349600 SH SOLE 349600 0 0
DIGI INTL INC COM 253798102 12302 1329900 SH SOLE 1263200 0 66700
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 7116 414000 SH SOLE 400000 0 14000
DONNELLY CORP COM 257870105 18533 1568900 SH SOLE 1461500 0 107400
DUCKWALL-ALCO STORES INC NEW COM 264142100 4140 509500 SH SOLE 509500 0 0
DYNAMIC MATLS CORP COM 267888105 748 460000 SH SOLE 460000 0 0
EDAP TMS SA COM 268311107 3684 1339600 SH SOLE 1245700 0 93900
EL PASO ELEC CO COM 283677854 2515 242450 SH SOLE 231450 0 11000
ELOT INC COM 290143106 36726 6251300 SH SOLE 5876500 0 374800
EMC INS GROUP INC COM 268664109 353 45600 SH SOLE 45600 0 0
ENCORE WIRE CORP COM 292562105 2372 330000 SH SOLE 330000 0 0
ENGLE HOMES INC COM 292896107 12643 1296700 SH SOLE 1206800 0 89900
EQUITY INNS INC COM 294703103 7810 1146400 SH SOLE 1083800 0 62600
ESCO ELECTRS CORP COM TR RCPT 269030102 5863 350000 SH SOLE 350000 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 8587 660500 SH SOLE 625900 0 34600
EXABYTE CORP COM 300615101 1267 321900 SH SOLE 318200 0 3700
EZCORP INC COM 302301106 38509 2290500 SH SOLE 2145500 0 145000
FAHNESTOCK VINER HLDGS INC COM 302921101 4718 267600 SH SOLE 232900 0 34700
FIBERMARK INC COM 315646109 10265 793400 SH SOLE 765500 0 27900
FINANCIAL INDS CORP COM 317574101 4667 491300 SH SOLE 458700 0 32600
FIRST AMERN FINL CORP COM 318522307 786 55900 SH SOLE 50400 0 5500
FLEXSTEEL INDS INC COM 339382103 4568 372900 SH SOLE 322200 0 50700
FLOW INTL CORPORATION COM 343468104 2726 232000 SH SOLE 232000 0 0
FORT JAMES CORPORATION COM 347471104 1039 47225 SH SOLE 44400 0 2825
FRANKLIN BK NA SOUTHFIELD MICH COM 352456107 2219 261000 SH SOLE 261000 0 0
FRIEDMAN INDS INC COM 358435105 1200 300000 SH SOLE 300000 0 0
GA FINL INC COM 361437106 1100 100000 SH SOLE 100000 0 0
GABELLI ASSET MGMT INC CL A 36239Y102 1620 94600 SH SOLE 94600 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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>
GEHL CO COM 368483103 8234 451200 SH SOLE 433200 0 18000
GENERAL ELEC CO COM 369604103 576 3700 SH SOLE 3700 0 0
GLOBAL CROSSING LTD COM G3921A100 956 23350 SH SOLE 23350 0 0
GLOBAL-TECH APPLIANCES INC COM G39320109 2300 400000 SH SOLE 400000 0 0
GOODRICH B F CO COM 382388106 846 29500 SH SOLE 26100 0 3400
GUANGSHEN RY LTD COM 40065W107 4251 790900 SH SOLE 790900 0 0
GUNDLE/SLT ENVIRONMENTAL INC COM 402809107 2200 749100 SH SOLE 749100 0 0
GZA GEOENVIRONMENTAL TECH INC COM 362386104 2489 452500 SH SOLE 442500 0 10000
HALLMARK CAP CORP COM 406241109 1406 150000 SH SOLE 150000 0 0
HALLMARK FINL SVCS INC EC COM 40624Q104 439 1170600 SH SOLE 1170600 0 0
HALLWOOD ENERGY CORPORATION COM 40636X105 6968 1592742 SH SOLE 1377037 0 215705
HALLWOOD GROUP INC COM 406364406 1684 199450 SH SOLE 199450 0 0
HAMPSHIRE GROUP LTD COM 408859106 3266 266600 SH SOLE 266600 0 0
HARDING LAWSON ASSOCS GROUP COM 412293102 5668 533500 SH SOLE 533500 0 0
HEALTH MGMT SYS INC COM 42219M100 10133 2105600 SH SOLE 1947800 0 157800
HEALTH POWER INC COM 42219G103 3353 766300 SH SOLE 766300 0 0
HEALTHSOUTH CORP COM 421924101 679 119300 SH SOLE 119300 0 0
SCHEIN HENRY INC COM 806407102 46379 2865100 SH SOLE 2689800 0 175300
HIGH PLAINS CORP COM 429701105 11315 3176100 SH SOLE 3170500 0 5600
HMN FINL INC COM 40424G108 2989 295200 SH SOLE 295200 0 0
HOME FED BANCORP COM 436926109 4711 268250 SH SOLE 268250 0 0
HOME PRODS INTL INC COM 437305105 902 81100 SH SOLE 81100 0 0
HOME SECURITY INTERNATIONAL COM 437333107 1660 885200 SH SOLE 885200 0 0
HOOVERS INC COM 439321100 3775 331900 SH SOLE 324900 0 7000
HOST MARRIOTT CORP NEW COM 44107P104 1703 191900 SH SOLE 165100 0 26800
ICN PHARMACEUTICALS INC NEW COM 448924100 112687 4135305 SH SOLE 3973062 0 162243
ICTS INTERNATIONAL NV COM N43837108 5443 967600 SH SOLE 922200 0 45400
IEC ELECTRS CORP NEW COM 44949L105 7618 2539200 SH SOLE 2469400 0 69800
IMC GLOBAL INC COM 449669100 235 16000 SH SOLE 15200 0 800
IN HOME HEALTH INC COM 453222408 1205 470101 SH SOLE 470101 0 0
INDUS INTL INC COM 45578L100 14777 1764450 SH SOLE 1736250 0 28200
INSTEEL INDUSTRIES INC COM 45774W108 2278 405000 SH SOLE 405000 0 0
INTERDIGITAL COMMUNICATIONS CP COM 45866A105 52144 2065100 SH SOLE 1966200 0 98900
INTERIM SVCS INC COM 45868P100 303 16300 SH SOLE 13300 0 3000
INTERMET CORP COM 45881K104 6388 700000 SH SOLE 700000 0 0
INTERNATIONAL AIRCRAFT INVS COM 458860103 3821 599300 SH SOLE 599300 0 0
INTERNATIONAL AIRL SUPPORT GRP COM 458865201 1287 332200 SH SOLE 332200 0 0
INTERNATIONAL ALUM CORP COM 458884103 1366 87400 SH SOLE 87400 0 0
INTERPORE INTL COM 46062W107 6808 812900 SH SOLE 756200 0 56700
INVIVO CORP COM 461858102 3780 315000 SH SOLE 315000 0 0
ITRON INC COM 465741106 4163 600000 SH SOLE 600000 0 0
IWERKS ENTMT INC COM 465916204 2222 960733 SH SOLE 903991 0 56742
JACO ELECTRS INC COM 469783104 4596 385000 SH SOLE 385000 0 0
JASON INC COM 471171108 4200 400000 SH SOLE 400000 0 0
JEFFERSON SMURFIT GROUP PLC COM 47508W107 427 15800 SH SOLE 15800 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 2125 500000 SH SOLE 500000 0 0
JUDGE GROUP INC COM 481271104 845 307300 SH SOLE 307300 0 0
K TRON INTL INC COM 482730108 4430 274700 SH SOLE 274700 0 0
K2 INC COM 482732104 11677 1471100 SH SOLE 1320700 0 150400
KAYE GROUP INC COM 486589104 2545 363600 SH SOLE 363600 0 0
KELLY SERVICES INC CL A 488152208 12479 521300 SH SOLE 474100 0 47200
KENNEDY-WILSON INC COM 489399204 1956 351700 SH SOLE 301800 0 49900
KENT ELECTRS CORP SUB NT CV 4.5%04 490553AA2 216 245000 PRN SOLE 4442 0 505
K V PHARMACEUTICAL CO CL A 482740206 11650 433500 SH SOLE 433500 0 0
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
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>
LAFARGE CORP COM 505862102 952 40100 SH SOLE 35000 0 5100
LAKES GAMING INC COM 51206P109 3812 480225 SH SOLE 441200 0 39025
LANDRYS SEAFOOD RESTAURANTS COM 51508L103 3411 535000 SH SOLE 525000 0 10000
LIFECORE BIOMEDICAL INC COM 532187101 13401 1448800 SH SOLE 1345300 0 103500
LINDAL CEDAR HOMES INC COM 535130108 777 345400 SH SOLE 345400 0 0
LIZ CLAIBORNE COM 539320101 357 7800 SH SOLE 7800 0 0
LONDON PAC GROUP LTD COM 542073101 43519 1871800 SH SOLE 1731400 0 140400
LSI INDS INC COM 50216C108 4350 300000 SH SOLE 300000 0 0
LUFKIN INDS INC COM 549764108 9540 648200 SH SOLE 607800 0 40400
M/I SCHOTTENSTEIN HOMES INC COM 55305B101 7136 451300 SH SOLE 395800 0 55500
MAGAL SECURITY SYS LTD COM M6786D104 537 165300 SH SOLE 165300 0 0
MANOR CARE INC NEW COM 564055101 161 11900 SH SOLE 7300 0 4600
MAPICS INC COM 564910107 1202 75400 SH SOLE 69900 0 5500
MARCUS CORP COM 566330106 3623 280000 SH SOLE 280000 0 0
MARSHALL & ILSLEY CORP COM 571834100 318 5500 SH SOLE 5500 0 0
MARTEN TRANS LTD COM 573075108 5910 418375 SH SOLE 367800 0 50575
MARTIN INDS INC DEL COM 57326K102 788 450000 SH SOLE 450000 0 0
MASSBANK CORP READ MASS COM 576152102 5117 186298 SH SOLE 186298 0 0
MATERIAL SCIENCES CORP COM 576674105 4494 332900 SH SOLE 332900 0 0
MATRIX SVC CO COM 576853105 2957 543800 SH SOLE 543800 0 0
MAXICARE HEALTH PLANS INC COM 577904204 6637 3539950 SH SOLE 3459950 0 80000
M D C HLDGS INC COM 552676108 4461 248700 SH SOLE 248700 0 0
MEADOW VY CORP COM 583185103 2555 659300 SH SOLE 558200 0 101100
MFRI INC COM 552721102 4466 1082700 SH SOLE 1082700 0 0
MICROTOUCH SYS INC COM 595145103 2883 225000 SH SOLE 225000 0 0
MIDWEST EXPRESS HLDGS INC COM 597911106 6627 258600 SH SOLE 258600 0 0
MILLENNIUM CHEMICALS INC COM 599903101 390 19500 SH SOLE 15300 0 4200
MINING SVCS INTL CORP COM 603665209 809 350000 SH SOLE 350000 0 0
MINNTECH CORP COM 604258103 9818 1309000 SH SOLE 1243200 0 65800
MMI COS INC COM 553087107 13825 1400000 SH SOLE 1400000 0 0
MODIS PROFESSIONAL SVCS INC COM 607830106 237 19150 SH SOLE 14500 0 4650
MOORE MED CORP COM 615799103 4929 428600 SH SOLE 391300 0 37300
MOTOR CARGO INDS COM 619907108 116 25000 SH SOLE 25000 0 0
MOTOR CLUB AMER COM 619823107 1675 203000 SH SOLE 203000 0 0
MYR GROUP INC COM 554053108 25406 861234 SH SOLE 850234 0 11000
NABI COM 628716102 2893 2997900 SH SOLE 2845100 0 152800
NATIONAL HOME HEALTH CARE CORP COM 636380107 1876 395000 SH SOLE 395000 0 0
NAVIGANT CONSULTING INC COM 63935N107 22451 2041000 SH SOLE 1946300 0 94700
NEOMAGIC CORP COM 640497103 3921 789150 SH SOLE 766750 0 22400
NETWORK EQUIP TECHNOLOGIES COM 641208103 17035 1703500 SH SOLE 1579200 0 124300
NORSTAN INC COM 656535101 12390 1906200 SH SOLE 1796900 0 109300
NORTHLAND CRANBERRIES INC COM 666499108 1767 325000 SH SOLE 325000 0 0
NORTHWEST PIPE CO COM 667746101 3122 223000 SH SOLE 223000 0 0
NOVAMERICAN STL INC COM 669959108 2506 244500 SH SOLE 244500 0 0
NUMAC ENERGY INC COM 67052A103 10868 3591500 SH SOLE 3433700 0 157800
OFFICEMAX INC COM 67622M108 343 52800 SH SOLE 41000 0 11800
O I CORP COM 670841105 1245 326500 SH SOLE 326500 0 0
OIL DRI CORP AMER COM 677864100 8617 1139500 SH SOLE 1048700 0 90800
ONTRACK DATA INTL INC COM 683372106 1972 191250 SH SOLE 179750 0 11500
ORTHODONTIC CTRS AMER INC COM 68750P103 4726 252000 SH SOLE 252000 0 0
ORTHOLOGIC CORP COM 68750J107 37062 6051000 SH SOLE 5658600 0 392400
OSMONICS INC COM 688350107 11123 1390350 SH SOLE 1371850 0 18500
OSTEOTECH INC COM 688582105 6688 500000 SH SOLE 500000 0 0
OUTLOOK GROUP CORP COM 690113105 5302 1073800 SH SOLE 1073800 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PARKER DRILLING CO COM 701081101 2500 500000 SH SOLE 500000 0 0
PATRICK INDS INC COM 703343103 5742 746900 SH SOLE 692300 0 54600
PBOC HLDGS INC COM 69316G108 15017 1668600 SH SOLE 1538600 0 130000
PENTECH INTL INC COM 709635106 672 537500 SH SOLE 537500 0 0
PEOPLES BK BRIDGEPORT CONN COM 710198102 955 45600 SH SOLE 28100 0 17500
PEOPLES HERITAGE FINL GROUP COM 711147108 1302 86800 SH SOLE 82900 0 3900
PERRIGO CO COM 714290103 40348 5313100 SH SOLE 5073800 0 239300
PHARMACEUTICAL PROD DEV INC COM 717124101 14423 851550 SH SOLE 842950 0 8600
PHOTOELECTRON CORP COM 719320103 175 50000 SH SOLE 50000 0 0
PITTSTON CO COM 725701106 275 16200 SH SOLE 12600 0 3600
POINT FINANCIAL CORP COM 73084P100 838 100000 SH SOLE 100000 0 0
POWELL INDS INC COM 739128106 9550 992200 SH SOLE 881400 0 110800
PREMIUMWEAR INC COM 740909106 2053 228100 SH SOLE 228100 0 0
PRESIDENTIAL LIFE CORP COM 740884101 13956 1015000 SH SOLE 1007000 0 8000
PROFESSIONALS GROUP INC COM 742954100 9754 505083 SH SOLE 505083 0 0
RAINFOREST CAFE INC COM 75086K104 5001 1410000 SH SOLE 1410000 0 0
RAMSAY YOUTH SVCS INC COM 75158K206 2001 800400 SH SOLE 800400 0 0
RAYTEL MED CORP COM 755107109 2750 880000 SH SOLE 880000 0 0
RCM TECHNOLOGIES INC COM 749360400 8318 665400 SH SOLE 625400 0 40000
REEBOK INTERNATIONAL LTD COM 758110100 13401 1448800 SH SOLE 1405000 0 43800
REHABILICARE INC COM 758944102 741 312100 SH SOLE 312100 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 6713 300000 SH SOLE 300000 0 0
REMEDYTEMP INC CLA 759549108 1155 52200 SH SOLE 52200 0 0
REMINGTON OIL & GAS CORP COM 759594302 15551 3713675 SH SOLE 3673675 0 40000
REPUBLIC BANCORP INC COM 760282103 10934 1170154 SH SOLE 1153088 0 17066
REPUBLIC SVCS INC COM 760759100 11943 1091900 SH SOLE 1079500 0 12400
REXALL SUNDOWN INC COM 761648104 22165 1569230 SH SOLE 1464730 0 104500
RICHARDSON ELECTRS LTD COM 763165107 1100 100000 SH SOLE 100000 0 0
RIGHTCHOICE MANAGED CARE INC COM 76657K101 17551 1337200 SH SOLE 1241800 0 95400
RIVIERA TOOL CO COM 769648106 1555 388762 SH SOLE 388762 0 0
RMP INC OHIO COM 749685103 2338 212500 SH SOLE 212500 0 0
ROTTLUND INC COM 779077106 1492 582400 SH SOLE 579200 0 3200
WESTON ROY F INC COM 961137106 2413 990000 SH SOLE 990000 0 0
RUSH ENTERPRISES INC COM 781846100 2647 385000 SH SOLE 385000 0 0
RYANS FAMILY STEAK HOUSE INC COM 783519101 4638 485000 SH SOLE 485000 0 0
RYDER SYS INC COM 783549108 356 15700 SH SOLE 15700 0 0
SALIENT 3 COMMUNICATIONS INC COM 794721100 5761 480100 SH SOLE 480100 0 0
SANTA FE SNYDER CORP COM 80218K105 191 20100 SH SOLE 20100 0 0
SAUCONY INC CLB 804120202 9955 989300 SH SOLE 971300 0 18000
SBC COMMUNICATIONS INC COM 78387G103 379 9005 SH SOLE 5100 0 3905
SCAN OPTICS INC COM 805894102 1200 600000 SH SOLE 600000 0 0
SCHOOL SPECIALTY INC COM 807863105 16878 785000 SH SOLE 785000 0 0
SEVENSON ENVIRONMENTAL SVCS COM 818063109 439 45500 SH SOLE 45500 0 0
SHILOH INDS INC COM 824543102 5298 507600 SH SOLE 436000 0 71600
SHOLODGE INC COM 825034101 2610 549400 SH SOLE 549400 0 0
SHOLODGE INC SBDB CONV 7.5%04 825034AA9 6113 10167000 PRN SOLE 419648 0 16517
SHOPKO STORES INC COM 824911101 29541 1664300 SH SOLE 1579900 0 84400
SHUFFLE MASTER INC COM 825549108 591 50000 SH SOLE 50000 0 0
SIFCO INDS INC COM 826546103 1175 200000 SH SOLE 200000 0 0
SIGMA ALDRICH CORPORATION COM 826552101 414 15400 SH SOLE 15400 0 0
SIX RIVS NATL BK EUREKA CA COM 830059101 1131 93300 SH SOLE 93300 0 0
SMURFIT-STONE CONTAINER CORP COM 832727101 666 39350 SH SOLE 34850 0 4500
SOUTHERN CO COM 842587107 222 10188 SH SOLE 8700 0 1488
SOUTHERN ENERGY HOMES INC COM 842814105 3935 3147600 SH SOLE 2871500 0 276100
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOUTHWESTERN ENERGY CO COM 845467109 16468 2485700 SH SOLE 2304100 0 181600
SPACELABS MED INC COM 846247104 13416 841800 SH SOLE 824200 0 17600
SPAR GROUP INC COM 784933103 5514 1764600 SH SOLE 1448700 0 315900
SPECTRIAN CORPORATION COM 847608106 4412 196100 SH SOLE 196100 0 0
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ZINDART LTD COM 989597109 8653 1977900 SH SOLE 1828800 0 149100
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 2022740
TOTAL ENTRIES 321
</TABLE>
