<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: September 30, 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: Paul T. Beste
Title: Chief Operating Officer
Phone: 414-347-7777
Signature, Place and Date of Signing:
Paul T. Beste Milwaukee, Wisconsin November 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: 291
---------------------------
Form 13F Information Table Value Total: $ 1,808,056
---------------------------
(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>
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>
ATS MED INC COM 2083103 313 20750 SH SOLE 20350 0 400
AAR CORP COM 361105 8590 751000 SH SOLE 751000 0 0
ACETO CORP COM 4446100 1463 150000 SH SOLE 150000 0 0
ADAPTEC INC COM 00651F108 220 11000 SH SOLE 11000 0 0
ALABAMA NATL BANCORP DELA COM 10317105 2379 110000 SH SOLE 110000 0 0
ALASKA AIR GROUP INC COM 11659109 2772 115500 SH SOLE 115500 0 0
ALLIANT CORP COM 18802108 391 13300 SH SOLE 10600 0 2700
ALLIED HEALTHCARE PRODS INC COM 19222108 5755 1918200 SH SOLE 1918200 0 0
ALLSTATE CORP COM 20002101 693 19952 SH SOLE 19800 0 152
ALMOST FAMILY INC COM 20409108 1294 308900 SH SOLE 308900 0 0
ALPINE GROUP INC COM 20825105 5534 1264848 SH SOLE 1245200 0 19648
AMBASSADORS INTL CORP COM 23178106 7737 414000 SH SOLE 402300 0 11700
AMERCO COM 23586100 17661 902800 SH SOLE 885100 0 17700
AMERICAN MED SEC GROUP INC COM 02744P101 8883 1379900 SH SOLE 1328300 0 51600
AMERICAN PHYSICIANS SVC GROUP COM 28882108 1349 372200 SH SOLE 372200 0 0
AMERUS LIFE HLDGS INC COM 03072M108 6551 254400 SH SOLE 247700 0 6700
AMTRAN INC COM 03234G106 2466 225500 SH SOLE 225500 0 0
AMWEST INS GROUP INC DEL COM 32345100 2073 414610 SH SOLE 379510 0 35100
ANSYS INC COM 03662Q105 20058 1671500 SH SOLE 1586300 0 85200
ARCH CHEMICALS INC COM 03937R102 6721 368300 SH SOLE 358000 0 10300
ASHWORTH INC COM 04516H101 732 92900 SH SOLE 92900 0 0
ASIA PACIFIC WIRE & CABLE CORP COM G0535E106 6768 2354100 SH SOLE 2251300 0 102800
ASSOCIATED BANC CORP COM 45487105 11590 441524 SH SOLE 441524 0 0
ASTEC INDS INC COM 46224101 1725 157700 SH SOLE 157700 0 0
ATLANTIC AMERN CORP COM 48209100 575 287500 SH SOLE 287500 0 0
AUDIOVOX CORP CL A 50757103 3208 213000 SH SOLE 213000 0 0
BADGER METER INC COM 56525108 14138 511800 SH SOLE 501300 0 10500
BALWIN PIANO & ORGAN CO COM 58246109 3482 714300 SH SOLE 701100 0 13200
BANDO MCGLOCKLIN CAP CORP COM 60003100 1575 175000 SH SOLE 175000 0 0
BANKNORTH GROUP INC NEW COM 06646R107 953 53300 SH SOLE 49400 0 3900
BANTA CORP COM 66821109 13448 551700 SH SOLE 531000 0 20700
BARRETT BUSINESS SERVICES INC COM 68463108 8104 1620800 SH SOLE 1543200 0 77600
BENTON OIL & GAS CO COM 83288100 11066 4215600 SH SOLE 3940000 0 275600
BEVERLY ENTERPRISES INC COM 87851309 64335 10835300 SH SOLE 10530900 0 304400
BLIMPIE INTL INC COM 93538106 875 500000 SH SOLE 5000000 0 0
BOSTON BEER INC COM 100557107 225 25000 SH SOLE 25000 0 0
BOSTON SCIENTIFIC CORPORATION COM 101137107 535 32550 SH SOLE 31150 0 1400
BTG INC COM 05576J101 16175 1902900 SH SOLE 1807700 0 95200
BUCKHEAD AMER CORP COM 11835A105 808 184600 SH SOLE 184600 0 0
BUILDING MATLS HLDG CORP COM 120113105 2219 250000 SH SOLE 250000 0 0
CKE RESTAURANTS INC CVT 12561EAB1 34 75000 PRN SOLE 50000 0 25000
CALLAWAY GOLF CO COM 131193104 12817 833600 SH SOLE 796400 0 37200
CAPITAL CORP OF THE WEST COM 140065103 1467 136500 SH SOLE 136500 0 0
CAPITOL TRANSAMERICA CORP COM 140640103 1259 106000 SH SOLE 106000 0 0
CATALINA LTG INC COM 148865108 4239 1233200 SH SOLE 1233200 0 0
CAVALIER HOMES INC COM 149507105 1018 678980 SH SOLE 678980 0 0
CELLSTAR CORP COM 150925105 6117 1938100 SH SOLE 1928100 0 10000
CHASE MANHATTAN CORP NEW COM 16161A108 783 16950 SH SOLE 15750 0 1200
CHC HELICOPTER CORP COM 12541C203 6947 983700 SH SOLE 983700 0 0
CHEAP TICKETS INC COM 162672109 1141 110000 SH SOLE 110000 0 0
CHECKPOINT SYS INC COM 162825103 3781 500000 SH SOLE 500000 0 0
CHILDTIME LEARNING CTRS INC COM 168820108 131 17300 SH SOLE 17300 0 0
CHRONIMED INC COM 171164106 11849 1606600 SH SOLE 1569800 0 36800
CINAR CORP COM 171905300 10050 3722400 SH SOLE 3647700 0 74700
CIPRICO INC COM 172529109 5567 549800 SH SOLE 525000 0 24800
CLAYTON HOMES INC COM 184190106 1530 153000 SH SOLE 149100 0 3900
WILLIAMS CLAYTON ENERGY INC COM 969490101 2025 50000 SH SOLE 50000 0 0
CNH GlOBAL NV COM N20935107 264 26400 SH SOLE 26400 0 0
CVF TECNOLOGIES CORP COM 12660F102 356 150000 SH SOLE 150000 0 0
COLONIAL PPTYS TR COM 195872106 10143 394850 SH SOLE 371250 0 23600
COMMONWEALTH INDS INC DEL COM 203004106 9446 1698150 SH SOLE 1653250 0 44900
COMPUWARE CORP COM 205638109 358 42775 SH SOLE 40275 0 2500
CONSOLIDATED FREIGHTWAYS CORP COM 209232107 4705 940900 SH SOLE 940900 0 0
COOPER TIRE & RUBR CO COM 216831107 538 53500 SH SOLE 51800 0 1700
CROWN CENT PETE CORP COM 228219309 7875 900000 SH SOLE 900000 0 0
CUBIC CORP COM 229669106 1194 50000 SH SOLE 50000 0 0
CYRK, INC COM 232817106 2492 725000 SH SOLE 725000 0 0
DANKA BUSINESS SYS PLC SUBNT CV 6.75%02 236277AB5 8 20000 PRN SOLE 0 0 20000
DATRON SYS INC DEL COM 238173108 4706 348600 SH SOLE 315900 0 32700
DECKERS OUTDOOR CORP COM 243537107 54 10000 SH SOLE 10000 0 0
DENBURY RES INC COM 247916208 350 50000 SH SOLE 50000 0 0
DEVON ENERGY CORP NEW COM 25179M103 266 4422 SH SOLE 4422 0 0
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 7900 400000 SH SOLE 400000 0 0
DONNELLY CORP COM 257870105 24329 1596400 SH SOLE 1526200 0 70200
DOT HILL SYS CORP COM 25848T109 674 103700 SH SOLE 103700 0 0
DUCKWALL-ALCO STORES INC NEW COM 264142100 4928 547500 SH SOLE 547500 0 0
DUKE WEEKS REALTY CORP COM 264411505 673 27900 SH SOLE 23700 0 4200
EL PASO ELEC CO COM 283677854 160 11600 SH SOLE 11100 0 500
ELOT INC COM 290143106 11020 6781700 SH SOLE 6493400 0 288300
ENGLE HOMES INC COM 292896107 21915 1408200 SH SOLE 1344700 0 63500
EQUITY INNS INC COM 294703103 8754 1321370 SH SOLE 1229500 0 91870
ESTERLINE TECHNOLOGIES CORP COM 297425100 12651 642600 SH SOLE 612500 0 30100
EXPONENT INC COM 30214U102 2569 300000 SH SOLE 300000 0 0
EZCORP INC COM 302301106 2583 2066600 SH SOLE 1996800 0 69800
FAHNESTOCK VINER HLDGS INC COM 302921101 4500 200000 SH SOLE 200000 0 0
FEDERAL SIGNAL CORP COM 313855108 338 17000 SH SOLE 0 0 17000
FIBERMARK INC COM 315646109 8083 793400 SH SOLE 768950 0 24450
FINANCIAL INDS CORP COM 317574101 4243 471400 SH SOLE 471400 0 0
FIRST AMERN FINL CORP COM 318522307 261 12500 SH SOLE 12500 0 0
FLANDERS CORP COM 338494107 570 250000 SH SOLE 250000 0 0
FLEXSTEEL INDS INC COM 339382103 4076 332700 SH SOLE 317700 0 15000
FLOW INTL CORPORATION COM 343468104 3806 350000 SH SOLE 350000 0 0
FORT JAMES CORPORATION COM 347471104 1386 45350 SH SOLE 41250 0 4100
FRANKLIN BK NA SOUTHFIELD MICH COM 352456107 1935 226000 SH SOLE 226000 0 0
FRIEDMAN INDS INC COM 358435105 1221 315000 SH SOLE 315000 0 0
GA FINL INC COM 361437106 1400 100000 SH SOLE 100000 0 0
GEHL CO COM 368483103 4567 395000 SH SOLE 395000 0 0
GENERAL ELEC CO COM 369604103 519 9000 SH SOLE 9000 0 0
GERBER SCIENTIFIC INC COM 373730100 90 10400 SH SOLE 0 0 10400
GLOBAL-TECH APPLIANCES INC COM G39320109 6433 1286500 SH SOLE 1277600 0 8900
GOODRICH B F CO COM 382388106 615 15700 SH SOLE 15700 0 0
GUANGSHEN RY LTD COM 40065W107 5150 800000 SH SOLE 800000 0 0
GUNDLE/SLT ENVIRONMENTAL INC COM 402809107 1989 560000 SH SOLE 560000 0 0
GZA GEOENVIRONMENTAL TECH INC COM 362386104 2331 372900 SH SOLE 362900 0 10000
HALLWOOD ENERGY CORPORATION COM 40636X105 13692 1377765 SH SOLE 1304013 0 73752
HALLWOOD GROUP INC COM 406364406 928 183250 SH SOLE 183250 0 0
HAMPSHIRE GROUP LTD COM 408859106 2117 264600 SH SOLE 264600 0 0
HCA-HEALTHCARE CO COM 404119109 494 13300 SH SOLE 13300 0 0
HEALTH MGMT SYS INC COM 42219M100 5716 2858000 SH SOLE 2723900 0 134100
HEALTH POWER INC COM 42219G103 4561 729800 SH SOLE 729800 0 0
HEALTHSOUTH CORP COM 421924101 1831 225400 SH SOLE 225400 0 0
SCHEIN HENRY INC COM 806407102 63393 3179600 SH SOLE 3065200 0 114400
HERBALIFE INTL INC COM 426908307 1730 202000 SH SOLE 202000 0 0
HIGH PLAINS CORP COM 429701105 12113 3126000 SH SOLE 3120400 0 5600
HMN FINL INC COM 40424G108 3672 295200 SH SOLE 295200 0 0
HOLLINGER INTL INC COM 435569108 3400 203000 SH SOLE 203000 0 0
HOME FED BANCORP COM 436926109 4326 268250 SH SOLE 268250 0 0
HOOVERS INC COM 439321100 3819 599000 SH SOLE 584500 0 14500
HOST MARRIOTT CORP NEW COM 44107P104 1608 142900 SH SOLE 124400 0 18500
IEC ELECTRS CORP NEW COM 44949L105 4894 2337200 SH SOLE 2242200 0 95000
IMC GLOBAL INC COM 449669100 197 13600 SH SOLE 13600 0 0
ICN PHARMACEUTICALS INC NEW COM 448924100 132805 3994131 SH SOLE 3890048 0 104083
IMATRON INC COM 452906100 2798 1210000 SH SOLE 1210000 0 0
INDUS INTL INC COM 45578L100 7669 1573050 SH SOLE 1547350 0 25700
INFORMIX CORP COM 456779107 413 100000 SH SOLE 100000 0 0
INSTEEL INDUSTRIES INC COM 45774W108 1779 438000 SH SOLE 438000 0 0
INTERDIGITAL COMMUNICATIONS CP COM 45866A105 32418 2315550 SH SOLE 2196550 0 119000
INTERMET CORP COM 45881K104 6090 840000 SH SOLE 840000 0 0
INTERNATIONAL AIRL SUPPORT GRP COM 458865201 447 304100 SH SOLE 304100 0 0
INTERPORE INTL COM 46062W107 2627 350300 SH SOLE 342700 0 7600
INVIVO CORP COM 461858102 6218 585200 SH SOLE 573200 0 12000
IOMEGA CORP COM 462030107 7500 1500000 SH SOLE 1500000 0 0
IRWIN FINL CORP COM 464119106 1847 112800 SH SOLE 105400 0 7400
ITRON INC COM 465741106 2001 326700 SH SOLE 326700 0 0
IWERKS ENTMT INC COM 465916203 418 956020 SH SOLE 899278 0 56742
JEFFERSON SMURFIT GROUP PLC COM 47508W107 204 11400 SH SOLE 11400 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 2140 535000 SH SOLE 535000 0 0
JOHNSON OUTDOORS INC CLA 479167108 206 29700 SH SOLE 29700 0 0
K TRON INTL INC COM 482730108 4658 275000 SH SOLE 275000 0 0
K2 INC COM 482732104 11983 1340800 SH SOLE 1301800 0 39000
KAYE GROUP INC COM 486589104 2159 363600 SH SOLE 363600 0 0
KELLY SERVICES INC COM 488152208 11810 499900 SH SOLE 468500 0 31400
KENNEDY-WILSON INC COM 489399204 2234 406200 SH SOLE 398600 0 7600
KENT ELECTRS CORP CVT 490553AA2 41 50000 PRN SOLE 50000 0 0
KERR MCGEE CORP SUB DB CV 7.5%14 492386AL1 97 99000 PRN SOLE 21000 0 78000
LAFARGE CORP COM 505862102 1649 75800 SH SOLE 71900 0 3900
LAKES GAMING INC COM 51206P109 4394 509425 SH SOLE 461400 0 48025
LANCE INC COM 514606102 525 54000 SH SOLE 50000 0 4000
LANDRYS SEAFOOD RESTAURANTS COM 51508L103 3406 500000 SH SOLE 500000 0 0
HALLMARK CAP CORP COM 406241109 1603 150000 SH SOLE 150000 0 0
LIFECORE BIOMEDICAL INC COM 532187101 12638 1630700 SH SOLE 1556800 0 73900
LINDAL CEDAR HOMES INC COM 535130108 691 345400 SH SOLE 345400 0 0
LIZ CLAIBORNE INC COM 539320101 208 5400 SH SOLE 5200 0 200
LSI INDS INC COM 50216C108 9760 439900 SH SOLE 436200 0 3700
LUFKIN INDS INC COM 549764108 12480 612500 SH SOLE 589500 0 23000
M/I SCHOTTENSTEIN HOMES INC COM 55305B101 10351 508000 SH SOLE 485500 0 22500
MAGAL SECURITY SYS LTD COM M6786D104 506 165300 SH SOLE 165300 0 0
MANOR CARE INC NEW COM 564055101 267 17000 SH SOLE 17000 0 0
MAPICS INC COM 564910107 21160 3134800 SH SOLE 3045700 0 89100
MARCUS CORP COM 566330106 2940 280000 SH SOLE 280000 0 0
MARSHALL & ILSLEY CORP COM 571834100 226 4500 SH SOLE 4500 0 0
MARTEN TRANS LTD COM 573075108 5213 393425 SH SOLE 376900 0 16525
MASSBANK CORP READ MASS COM 576152102 5646 195098 SH SOLE 195098 0 0
MATERIAL SCIENCES CORP COM 576674105 3787 332900 SH SOLE 332900 0 0
MATRIX SVC CO COM 576853105 2685 543800 SH SOLE 543800 0 0
MAXWELL SHOE INC COM 577766108 140 12500 SH SOLE 12500 0 0
MDC CORP COM 552676108 6466 248700 SH SOLE 248700 0 0
MEADOW VY CORP COM 583185103 1438 479300 SH SOLE 446300 0 33000
MFRI INC COM 552721102 3789 1082700 SH SOLE 1082700 0 0
MILLENNIUM CHEMICALS INC COM 599903101 988 66700 SH SOLE 66700 0 0
MINNTECH CORP COM 604258103 8449 1229000 SH SOLE 1191000 0 38000
MOORE MED CORP COM 615799103 3143 412200 SH SOLE 387300 0 24900
MOTOR CARGO INDS COM 619907108 153 25000 SH SOLE 25000 0 0
MOTOR CLUB AMER COM 619823107 1726 203000 SH SOLE 203000 0 0
NABI INC CVT 628716AB8 73 100000 PRN SOLE 50000 0 50000
NS GROUP INC COM 628916108 199 10000 SH SOLE 10000 0 0
NABI INC COM 628716102 17522 2503200 SH SOLE 2503200 0 0
NATCO GROUP INC CL A 63227W203 3475 400000 SH SOLE 400000 0 0
NATIONAL HOME HEALTH CARE CORP COM 636380107 2481 395000 SH SOLE 395000 0 0
NAVIGANT CONSULTING INC COM 63935N107 20101 5847500 SH SOLE 5587700 0 259800
NETWORK EQUIP TECHNOLOGIES COM 641208103 18410 1722600 SH SOLE 1647300 0 75300
NORSTAN INC COM 656535101 5450 1816695 SH SOLE 1772000 0 44695
NORTHWEST PIPE CO COM 667746101 3111 276500 SH SOLE 276500 0 0
NOVAMERICAN STL INC COM 669959108 2078 244500 SH SOLE 244500 0 0
NUEVO ENERGY CO COM 670509108 6595 358900 SH SOLE 358900 0 0
NUMAC ENERGY INC COM 67052A103 15771 4005300 SH SOLE 3843200 0 162100
O I CORP COM 670841105 1061 326500 SH SOLE 326500 0 0
ODETICS INC DEL CL A 676065204 258 15000 SH SOLE 15000 0 0
OFFICEMAX INC COM 67622M108 73 20500 SH SOLE 20500 0 0
OIL DRI CORP AMER COM 677864100 10534 1203900 SH SOLE 1140100 0 63800
OMNICARE INC COM 681904108 12094 750000 SH SOLE 750000 0 0
ONTRACK DATA INTL INC COM 683372106 7519 562150 SH SOLE 548850 0 13300
ORTHOLOGIC CORP COM 68750J107 17732 5910500 SH SOLE 5661800 0 248700
OSMONICS INC COM 688350107 11556 1444500 SH SOLE 1413500 0 31000
OSTEOTECH INC COM 688582105 11649 1218200 SH SOLE 1198400 0 19800
OUTLOOK GROUP CORP COM 690113105 5269 906500 SH SOLE 906500 0 0
PATRICK INDS INC COM 703343103 4402 683800 SH SOLE 639400 0 44400
PBOC HLDGS INC COM 69316G108 14358 1689200 SH SOLE 1619200 0 70000
PEOPLES BK BRIDGEPORT CONN COM 710198102 946 44900 SH SOLE 38200 0 6700
PERRIGO CO COM 714290103 37406 5465700 SH SOLE 5288700 0 177000
PERSONNEL GROUP AMER INC COM 715338109 313 100000 SH SOLE 100000 0 0
PETSMART INC COM 716768106 8466 1806000 SH SOLE 1775000 0 31000
PHARMACEUTICAL PROD DEV INC COM 717124101 21615 813750 SH SOLE 810650 0 3100
PITTSTON CO COM 725701106 905 58400 SH SOLE 54800 0 3600
PLACER DOME INC COM 725906101 198 21000 SH SOLE 21000 0 0
POMEROY COMPUTER RES COM 731822102 2367 125000 SH SOLE 125000 0 0
POINTE FINANCIAL CORP COM 73084P100 919 100000 SH SOLE 100000 0 0
POWELL INDS INC COM 739128106 10603 892900 SH SOLE 853600 0 39300
PRESIDENTIAL LIFE CORP COM 740884101 19995 1338600 SH SOLE 1313000 0 25600
PRICELINE COM INC COM 741503106 2969 250000 SH SOLE 250000 0 0
PROFESSIONALS GROUP INC COM 742954100 13381 599694 SH SOLE 592394 0 7300
RCM TECHNOLOGIES INC COM 749360400 2923 730700 SH SOLE 667800 0 62900
RAINFOREST CAFE INC COM 75086K104 4274 1410000 SH SOLE 1410000 0 0
RAMSAY YOUTH SVCS INC COM 75158K206 1001 800400 SH SOLE 800400 0 0
REHABILICARE INC COM 758944102 1104 384000 SH SOLE 384000 0 0
REMINGTON OIL & GAS CORP CVT 759594AA2 142 167000 PRN SOLE 127000 0 40000
REMINGTON OIL & GAS CORP COM 759594302 25787 2470600 SH SOLE 2366800 0 103800
REPUBLIC BANCORP INC COM 760282103 10830 1139993 SH SOLE 1133938 0 6055
REPUBLIC SVCS INC COM 760759100 14472 1102600 SH SOLE 1097600 0 5000
RIGHTCHOICE MANAGED CARE INC COM 76657K101 20523 846300 SH SOLE 833700 0 12600
RIVIERA TOOL CO COM 769648106 972 388762 SH SOLE 388762 0 0
RPM INC OHIO COM 749685103 523 57700 SH SOLE 53300 0 4400
RUSH ENTERPRISES INC COM 781846100 1875 329600 SH SOLE 329600 0 0
RUSS BERRIE & CO COM 782233100 1975 100000 SH SOLE 100000 0 0
RYANS FAMILY STEAK HOUSE INC COM 783519101 3728 485000 SH SOLE 485000 0 0
SALIENT 3 COMMUNICATIONS INC COM 794721100 899 350900 SH SOLE 350900 0 0
SAUCONY INC COM 804120202 11667 1291900 SH SOLE 1258700 0 33200
SBC COMMUNICATIONS INC COM 78387G103 470 9405 SH SOLE 5500 0 3905
SCHOOL SPECIALTY INC COM 807863105 16249 762400 SH SOLE 762400 0 0
SCPIE HLDGS INC COM 78402P104 5941 295200 SH SOLE 289400 0 5800
SEVENSON ENVIRONMENTAL SVCS COM 818063109 595 55000 SH SOLE 55000 0 0
SHILOH INDS INC COM 824543102 4075 562000 SH SOLE 487100 0 74900
SHOLODGE INC COM 825034101 3137 597500 SH SOLE 585500 0 12000
SHOPKO STORES INC COM 824911101 15551 1498900 SH SOLE 1454300 0 44600
SIFCO INDS INC COM 826546103 1163 200000 SH SOLE 200000 0 0
SMURFIT-STONE CONTAINER CORP COM 832727101 442 36850 SH SOLE 32350 0 4500
SOUTHERN CO COM 842587107 354 10903 SH SOLE 10400 0 503
SOUTHERN ENERGY HOMES INC COM 842814105 5763 2974600 SH SOLE 2865400 0 109200
SOUTHWESTERN ENERGY CO COM 845467109 19885 2272600 SH SOLE 2172600 0 100000
SPACELABS MED INC COM 846247104 11865 1201500 SH SOLE 1165600 0 35900
SPAR GROUP INC COM 784933103 3039 1568700 SH SOLE 1364500 0 204200
SPECTRIAN CORPORATION COM 847608106 4263 275000 SH SOLE 275000 0 0
SPEIZMAN INDS INC COM 847805108 675 300000 SH SOLE 300000 0 0
SPLASH TECHNOLOGY HLDGS INC COM 848623104 2775 300000 SH SOLE 300000 0 0
ST FRANCIS CAP CORP COM 789374105 3459 225000 SH SOLE 225000 0 0
STEEL TECHNOLOGIES COM 858147101 1086 172000 SH SOLE 172000 0 0
STEELCASE INC COM 858155203 591 35300 SH SOLE 35300 0 0
STERILE RECOVERIES INC COM 859151102 1792 144800 SH SOLE 142800 0 2000
STERIS CORP COM 859152100 686 57200 SH SOLE 57200 0 0
STERLING FINL CORP WASH COM 859319105 5485 482200 SH SOLE 457200 0 25000
STEWART AND STEVENSON SVCS INC COM 860342104 2429 139300 SH SOLE 139300 0 0
STIFEL FINL CORP COM 860630102 4107 307100 SH SOLE 295500 0 11600
STRATTEC SEC CORP COM 863111100 9875 297000 SH SOLE 297000 0 0
STRUCTURAL DYNAMICS RESH CORP COM 863555108 20735 1266250 SH SOLE 1209750 0 56500
SUMMIT BK CORP GA COM 866013105 1286 76800 SH SOLE 76800 0 0
SUNRISE MED INC COM 867910101 12170 2028300 SH SOLE 1971800 0 56500
TECO ENERGY INC COM 872375100 339 11800 SH SOLE 8800 0 3000
TMBR/SHARP DRILLING INC COM 87257P101 175 12500 SH SOLE 12500 0 0
TAB PRODS CO DEL COM 873197107 2448 753200 SH SOLE 753200 0 0
TECH SYM CORP COM 878308105 30711 1025850 SH SOLE 1005750 0 20100
TENET HEALTHCARE CORP CVT 88033GAD2 71 86000 PRN SOLE 86000 0 0
TENET HEALTHCARE CORP COM 88033G100 673 18500 SH SOLE 18500 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 1519 100000 SH SOLE 100000 0 0
ROTTLUND INC COM 779077106 1992 569200 SH SOLE 566000 0 3200
TIER TECHNOLOGIES INC COM 88650Q100 9650 1314050 SH SOLE 1287950 0 26100
TRINITY INDS INC COM 896522109 1272 54400 SH SOLE 52700 0 1700
TSR INC COM 872885108 556 100000 SH SOLE 100000 0 0
TUCKER ANTHONY SUTRO COM 898647102 2636 103900 SH SOLE 103900 0 0
U S GLOBAL INVS INC COM 902952100 897 598000 SH SOLE 598000 0 0
U S INDS INC NEW COM 912080108 511 51400 SH SOLE 37300 0 14100
UNISOURCE ENERGY CORP COM 909205106 33686 2057150 SH SOLE 1976750 0 80400
UNITED SEC BANCORPORATION WASH COM 91146A101 2226 226832 SH SOLE 226832 0 0
UNITED WIS SVCS INC NEW COM 913238101 6335 1266900 SH SOLE 1266900 0 0
UROCOR INC COM 91727P105 8134 1016800 SH SOLE 960900 0 55900
URS CORP NEW COM 903236107 19074 1439568 SH SOLE 1407568 0 32000
US ONCOLOGY INC COM 90338W103 25373 5599500 SH SOLE 5497200 0 102300
VICORP RESTAURANTS INC COM 925817108 4427 227000 SH SOLE 227000 0 0
WPS RESOURCES CORP COM 92931B106 230 7037 SH SOLE 6537 0 500
WRP CORP COM 929317105 667 427100 SH SOLE 427100 0 0
WACKENHUT CORRECTIONS CORP COM 929798106 5152 659500 SH SOLE 653600 0 5900
WASHINGTON MUT INC COM 939322103 1306 32800 SH SOLE 31300 0 1500
WEBCO INDS INC COM 947621108 1406 500000 SH SOLE 500000 0 0
WEYCO GROUP INC COM 962149100 4343 172000 SH SOLE 172000 0 0
WILLBROS GROUP INC COM 969199108 4300 661600 SH SOLE 660100 0 1500
WILSONS THE LEATHER EXPERTS COM 972463103 9280 513750 SH SOLE 513750 0 0
WINSTON HOTELS INC COM 97563A102 2385 276500 SH SOLE 257700 0 18800
WISCONSIN CENT TRANSN CORP COM 976592105 6137 581000 SH SOLE 581000 0 0
WOLVERINE WORLD WIDE INC COM 978097103 5676 609500 SH SOLE 601500 0 8000
WOODWARD GOVERNOR CO COM 980745103 6484 145500 SH SOLE 145500 0 0
WORLD ACCEP CORP DEL COM 981419104 2038 400000 SH SOLE 400000 0 0
ZINDART LTD COM 989597109 5408 1881100 SH SOLE 1733900 0 147200
------------------------------------------------------------------------------------------------------------------------------------
TOTAL 1808056
TOTAL ENTRIES 291
</TABLE>
