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, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Instituional Investment Manager Filing this Report:
Name: NISA Investment Advisors, L.L.C.
Address: 150 N. Meramec
Suite 640
St. Louis, MO 63105
13F File Number: 28-4668
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: W. Christopher Appler
Title: Legal Officer
Phone: 314-721-1900
Signature, Place and Date of Signing:
W. Christopher Appler St. Louis, Missouri May 12, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 411
Form 13f Information Table Value Total: $939,484
List of Other Included Managers:
No. 13F File Number Name
01 Washington University
<PAGE>
<TABLE> <C> <C>
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
ADC TELECOMMUNICATIONS INC COM 000886101 453 9500 SH SOLE 9500
AFLAC INC COM 001055102 512 9400 SH SOLE 9400
AES CORP COM 00130H105 592 15900 SH SOLE 15900
AMR CORP COM 001765106 1423 24300 SH SOLE 24300
AT&T CORP COM 001957109 15923 199505 SH OTHER 01 199405 100
ABBOTT LABS COM 002824100 7705 164600 SH SOLE 164600
AETNA INC COM 008117103 2085 25124 SH SOLE 25124
AIR PRODS & CHEMS INC COM 009158106 438 12800 SH SOLE 12800
AIRTOUCH COMMUNICATION COM 00949T100 2503 25900 SH SOLE 25900
ALASKA AIR GROUP INC COM 011659109 627 13200 SH SOLE 13200
ALBERTSONS INC COM 013104104 332 6100 SH SOLE 6100
ALCOA INC COM 013817101 1346 32678 SH OTHER 01 32656 22
ALLEGHANY CORP DEL COM 017175100 206 1122 SH SOLE 1122
ALLERGAN INC COM 018490102 334 3800 SH SOLE 3800
ALLIEDSIGNAL INC COM 019512102 1618 32900 SH SOLE 32900
ALLSTATE CORP COM 020002101 1484 40038 SH SOLE 40038
ALLTEL CORP COM 020039103 2209 35420 SH SOLE 35420
ALZA CORP DEL COM 022615108 352 9200 SH SOLE 9200
AMAZON.COM INC COM 023135106 517 3000 SH SOLE 3000
AMBAC INC COM 023139108 281 5200 SH SOLE 5200
AMERADA HESS CORP COM 023551104 890 17500 SH SOLE 17500
AMERICA ONLINE INC DEL COM 02364J104 11745 79900 SH SOLE 79900
AMERICAN BANKERS INS GP COM 024456105 520 10000 SH SOLE 10000
AMERICAN ELEC PWR INC COM 025537101 226 5700 SH SOLE 5700
AMERICAN EXPRESS CO COM 025816109 6406 54400 SH SOLE 54400
AMERICAN FINL GROUP INC COM 02608W101 317 9000 SH SOLE 9000
AMERICAN GENERAL CORP COM 026351106 1692 24000 SH SOLE 24000
AMERICAN HOME PRODS CO COM 026609107 8639 132400 SH SOLE 132400
AMERICAN INTL GROUP INC COM 026874107 13351 110685 SH OTHER 01 110640 45
AMERICAN STORES CO NEW COM 030096101 1020 30900 SH SOLE 30900
AMERITECH CORP NEW COM 030954101 5607 97300 SH SOLE 97300
AMGEN INC COM 031162100 4043 54000 SH SOLE 54000
ANADARKO PETE CORP COM 032511107 276 7300 SH SOLE 7300
ANHEUSER BUSCH COS INC COM 035229103 5621 73835 SH OTHER 01 73800 35
APPLIED MATLS INC COM 038222105 2708 43900 SH SOLE 43900
APPLIED PWR INC COM 038225108 218 8000 SH SOLE 8000
ARCHER DANIELS MIDLAND COM 039483102 622 42375 SH SOLE 42375
ASCEND COMMUNICATIONS COM 043491109 2636 31500 SH SOLE 31500
ASSOCIATED BANC CORP COM 045487105 319 10000 SH SOLE 10000
ASSOCIATE CORP COM 046008108 3275 72788 SH SOLE 72788
ATLANTIC RICHFIELD CO COM 048825103 3437 47000 SH SOLE 47000
AUTODESK INC COM 052769106 388 9600 SH SOLE 9600
AUTOMATIC DATA PROCESS COM 053015103 3674 88800 SH SOLE 88800
AUTOZONE INC COM 053332102 249 8200 SH SOLE 8200
AVON PRODS INC COM 054303102 1040 22100 SH SOLE 22100
BISYS GROUP INC COM 055472104 444 7900 SH SOLE 7900
BP AMOCO PLC -SPONS ADR COM 055622104 6947 68778 SH OTHER 01 68673 105
BMC SOFTWARE INC COM 055921100 233 6300 SH SOLE 6300
BAKER HUGHES INC COM 057224107 895 36810 SH SOLE 36810
BANK OF AMERICA CORP COM 060505104 11620 164530 SH OTHER 01 164510 20
BANK NEW YORK INC COM 064057102 1851 51500 SH SOLE 51500
BANC ONE CORP COM 06423A103 8179 148544 SH SOLE 148544
BANK OF BOSTON CORP COM 06605R106 1533 35400 SH SOLE 35400
BANKERS TRUST CORP COM 066365107 3116 35310 SH SOLE 35310
BARD C R INC COM 067383109 434 8600 SH SOLE 8600
BARNES & NOBLES INC COM 067774109 257 8000 SH SOLE 8000
BAXTER INTL INC COM 071813109 1670 25300 SH SOLE 25300
BEAR STEARNS COS INC COM 073902108 1582 35396 SH SOLE 35396
BECTON DICKINSON & CO COM 075887109 2272 59300 SH SOLE 59300
BELL ATLANTIC CORP COM 077853109 7336 141932 SH SOLE 141932
BELLSOUTH CORP COM 079860102 9851 245900 SH SOLE 245900
BELO A H CORP DEL COM 080555105 274 15000 SH SOLE 15000
BERGEN BRUNSWIG CORP COM 083739102 340 17000 SH SOLE 17000
BERKSHIRE HATHAWAY INC CL B COM 084670207 762 324 SH SOLE 324
BEST BUY INC COM 086516101 853 16400 SH SOLE 16400
BESTFOODS COM 08658U101 1481 31500 SH SOLE 31500
BIO TECHNOLOGY GEN CORP COM 090578105 60 10000 SH SOLE 10000
BIOGEN INC COM 090597105 800 7000 SH SOLE 7000
BIOMET INC COM 090613100 944 22500 SH SOLE 22500
BOEING CO COM 097023105 3286 96646 SH OTHER 01 96546 100
BRISTOL MYERS SQUIBB CO COM 110122108 13992 218200 SH SOLE 218200
BROWN FORMAN CORP COM 115637209 219 3800 SH SOLE 3800
BROWNING FERRIS INDS COM 115885105 783 20300 SH SOLE 20300
BURLINGTON NRTHRN SF COM 12189T104 828 25195 SH SOLE 25195
BURLINGTON RES INC COM 122014103 940 23544 SH SOLE 23544
CBS CORPORATION COM 12490K107 2024 49600 SH SOLE 49600
CIGNA CORP COM 125509109 4224 50400 SH SOLE 50400
CNA FINL CORP COM 126117100 466 12000 SH SOLE 12000
CSX CORP COM 126408103 280 7200 SH SOLE 7200
CVS CORP COM 126650100 922 19400 SH SOLE 19400
CAMBREX CORP COM 132011107 266 12000 SH SOLE 12000
CAMPBELL SOUP CO COM 134429109 989 24300 SH SOLE 24300
CAPITAL ONE FINL CORP COM 14040H105 559 3700 SH SOLE 3700
CARDINAL HEALTH INC COM 14149Y108 416 6300 SH SOLE 6300
CATERPILLAR INC DEL COM 149123101 1606 34960 SH OTHER 01 34900 60
CENDANT CORPORATION COM 151313103 775 48600 SH SOLE 48600
CENTEX CORP COM 152312104 247 7400 SH SOLE 7400
CENTURY TEL ENTERPRISE COM 156686107 2122 30200 SH SOLE 30200
CHAMPION INTL CORP COM 158525105 250 6100 SH SOLE 6100
CHASE MANHATTAN CORP COM 16161A108 8388 103076 SH OTHER 01 102976 100
CHEVRON CORPORATION COM 166751107 4420 49800 SH SOLE 49800
CHRIS CRAFT INDS INC COM 170520100 716 15684 SH SOLE 15684
CHUBB CORP COM 171232101 1634 27900 SH SOLE 27900
CINERGY CORP COM 172474108 828 30100 SH SOLE 30100
CIRCUIT CITY STORE INC COM 172737108 1073 14000 SH SOLE 14000
CISCO SYS INC COM 17275R102 15392 140485 SH OTHER 01 140175 310
CITIGROUP INC COM 172967101 15434 241626 SH OTHER 01 241351 275
CLOROX CO DEL COM 189054109 2121 18100 SH SOLE 18100
COASTAL CORP COM 190441105 1271 38500 SH SOLE 38500
COCA COLA CO COM 191216100 14208 231500 SH SOLE 231500
COCA COLA ENTERPRISES COM 191219104 248 8200 SH SOLE 8200
COLGATE PALMOLIVE COM 194162103 1711 18600 SH SOLE 18600
COLUMBIA ENERGY GROUP COM 197648108 614 11750 SH SOLE 11750
COLUMBIA/HCA HEALTHCARE COM 197677107 290 15300 SH SOLE 15300
COMDISCO INC COM 200336105 215 12000 SH SOLE 12000
COMMERCIAL FEDERAL CORP COM 201647104 368 15875 SH SOLE 15875
COMPAQ COMPUTER CORP COM 204493100 6452 203629 SH OTHER 01 203274 355
COMPUTER ASSOC INTL INC COM 204912109 491 13811 SH SOLE 13811
COMPUTER SCIENCES CORP COM 205363104 795 14400 SH SOLE 14400
COMPUWARE CORP COM 205638109 374 15660 SH OTHER 01 15500 160
CONAGRA INC COM 205887102 1338 52200 SH SOLE 52200
CONEXANT SYSTEMS INC COM 207142100 248 8950 SH SOLE 8950
CONSOLIDATED NAT GAS COM 209615103 204 4200 SH SOLE 4200
COOPER CAMERON CORP COM 216640102 244 7200 SH SOLE 7200
COOPER INDS INC COM 216669101 490 11500 SH SOLE 11500
COSTCO COMPANIES INC COM 22160Q102 1060 11580 SH OTHER 01 11400 180
CUMMINS ENGINE INC COM 231021106 373 10500 SH SOLE 10500
CYPRUS AMAX MINERALS COM 232809103 121 10000 SH SOLE 10000
DALLAS SEMICONDUCTOR COM 235204104 367 9500 SH SOLE 9500
DANA CORP COM 235811106 1300 34210 SH SOLE 34210
DANAHER CORP DEL COM 235851102 209 4000 SH SOLE 4000
DAYTON HUDSON CORP COM 239753106 4274 64150 SH OTHER 01 64100 50
DEERE & CO COM 244199105 742 19200 SH SOLE 19200
DELL COMPUTER CORP COM 247025109 9046 221300 SH SOLE 221300
DELPHI FINL GROUP INC COM 247131105 321 9486 SH SOLE 9486
DELTA AIR LINES INC DE COM 247361108 1009 14520 SH OTHER 01 14500 20
DELUXE CORP COM 248019101 303 10400 SH SOLE 10400
DISNEY WALT CO DEL COM 254687106 5802 186405 SH SOLE 186405
DOVER CORP COM 260003108 1052 32000 SH SOLE 32000
DOW CHEM CO COM 260543103 4920 52800 SH SOLE 52800
DOW JONES & CO INC COM 260561105 255 5400 SH SOLE 5400
DU PONT E I DE NEMOURS COM 263534109 6073 104600 SH SOLE 104600
DUN & BRADSTREET CORP COM 26483B106 542 15200 SH SOLE 15200
EG & G INC COM 268457108 277 10500 SH SOLE 10500
E M C CORP MASS COM 268648102 3283 25700 SH SOLE 25700
E*TRADE GROUP INC COM 269246104 630 10800 SH SOLE 10800
EARTHGRAINS CO COM 270319106 222 10000 SH SOLE 10000
EASTERN ENTERPRISES COM 27637F100 495 13600 SH SOLE 13600
EASTMAN KODAK CO COM 277461109 894 14000 SH SOLE 14000
EATON CORP COM 278058102 822 11500 SH SOLE 11500
ECOLAB INC COM 278865100 234 6600 SH SOLE 6600
EDISON INTL COM 281020107 356 16000 SH SOLE 16000
EDWARDS AG INC COM 281760108 395 12085 SH OTHER 01 11900 185
EL PASO NAT GAS CO COM 283905107 294 8980 SH SOLE 8980
ELECTRONIC ARTS INC COM 285512109 238 5000 SH SOLE 5000
EMERSON ELEC CO COM 291011104 3166 59800 SH SOLE 59800
EXIDE CORP COM 302051107 111 10000 SH SOLE 10000
EXXON CORP COM 302290101 16956 240300 SH SOLE 240300
F M C CORP COM 302491303 597 12100 SH SOLE 12100
FPL GROUP INC COM 302571104 437 8200 SH SOLE 8200
FEDERAL EXPRESS CORP COM 31304N107 2985 32100 SH SOLE 32100
FEDERAL HOME LN MTG CO COM 313400301 3995 69700 SH SOLE 69700
FEDERAL NATL MTG ASSN COM 313586109 8310 120000 SH SOLE 120000
FEDERATED DEPT STORES COM 31410H101 954 23770 SH SOLE 23770
FIFTH THIRD BANCORP COM 316773100 1126 17075 SH SOLE 17075
FIRST AMER CORP TENN COM 318900107 597 16190 SH SOLE 16190
FIRST UN CORP COM 337358105 5611 105010 SH OTHER 01 104890 120
FISERV INC COM 337738108 201 3750 SH SOLE 3750
FLEET FINL GROUP INC COM 338915101 2875 76404 SH SOLE 76404
FORD MTR CO DEL COM 345370100 8146 143700 SH SOLE 143700
FORTUNE BRANDS INC. COM 349631101 1109 28800 SH SOLE 28800
FOSTER WHEELER CORP COM 350244109 212 17500 SH SOLE 17500
FRONTIER CORP COM 35906P105 1759 33900 SH SOLE 33900
GTE CORP COM 362320103 5663 93600 SH OTHER 01 93500 100
GANNETT INC COM 364730101 2048 32500 SH OTHER 01 32400 100
GAP INC DEL COM 364760108 4744 70475 SH SOLE 70475
GATEWAY 2000 INC COM 367833100 1015 14800 SH SOLE 14800
GENERAL DYNAMICS CORP COM 369550108 2217 34500 SH SOLE 34500
GENERAL ELEC CO COM 369604103 31229 282300 SH OTHER 01 282200 100
GENERAL MLS INC COM 370334104 1625 21500 SH SOLE 21500
GENERAL MTRS CORP COM 370442105 6904 79360 SH OTHER 01 79300 60
GENERAL MTRS CORP COM 370442832 832 16500 SH SOLE 16500
GENUINE PARTS CO COM 372460105 496 17200 SH SOLE 17200
GILLETTE CO COM 375766102 5754 96800 SH SOLE 96800
GENERAL MTRS CORP COM 285661104 292 6000 SH SOLE 6000
GOLDEN WEST FINL CORP COM 381317106 1671 17500 SH SOLE 17500
GOODRICH B F CO COM 382388106 769 22400 SH SOLE 22400
GRACE W R & CO COM 38388F108 188 15500 SH SOLE 15500
GRAINGER W W INC COM 384802104 607 14100 SH SOLE 14100
HALLIBURTON CO COM 406216101 1713 44500 SH SOLE 44500
HARLEY DAVIDSON INC COM 412822108 444 7740 SH OTHER 01 7700 40
HARRIS CORP DEL COM 413875105 467 16300 SH SOLE 16300
ITT HARTFORD GROUP INC COM 416515104 1687 29700 SH SOLE 29700
HASBRO INC COM 418056107 204 7050 SH OTHER 01 6975 75
HAWAIIAN ELEC INDSTR COM 419870100 740 21100 SH SOLE 21100
HEINZ H J CO COM 423074103 2679 56550 SH SOLE 56550
HERSHEY FOODS CORP COM 427866108 207 3700 SH SOLE 3700
HEWLETT PACKARD CO COM 428236103 6354 93700 SH SOLE 93700
HOME DEPOT INC COM 437076102 5590 89800 SH SOLE 89800
HONEYWELL INC COM 438506107 993 13100 SH OTHER 01 13000 100
HOUSEHOLD INTL INC COM 441815107 2793 61222 SH SOLE 61222
HOUSTON EXPLORATION COMPANY COM 442120101 226 13000 SH SOLE 13000
HUNTINGTON BANCSHARES COM 446150104 265 8550 SH SOLE 8550
IMS HEALTH INC COM 449934108 934 28200 SH SOLE 28200
ITT INDS INC IND COM 450911102 626 17700 SH SOLE 17700
IDAHO POWER CO COM 451107106 1378 46800 SH SOLE 46800
ILLINOIS TOOL WKS INC COM 452308109 953 15400 SH SOLE 15400
INGERSOLL RAND CO COM 456866102 427 8600 SH SOLE 8600
INTEL CORP COM 458140100 19840 166900 SH SOLE 166900
INTL BUSINESS MACHINES COM 459200101 21855 123300 SH SOLE 123300
INTERNATIONAL PAPER CO COM 460146103 1069 25351 SH SOLE 25351
INTRPUBLIC GRP COS INC COM 460690100 491 6300 SH SOLE 6300
INTERSTATE ENERGY CORP COM 460845100 234 8800 SH SOLE 8800
INVACARE CORP COM 461203101 301 12400 SH SOLE 12400
IPALCO ENTERPRISES INC COM 462613100 741 33800 SH SOLE 33800
JEFFERSON PILOT CORP COM 475070108 898 13250 SH SOLE 13250
JOHNSON & JOHNSON COM 478160104 10842 115960 SH OTHER 01 115700 260
JOHNSON CTLS INC COM 478366107 586 9400 SH SOLE 9400
K MART CORP COM 482584109 392 23300 SH SOLE 23300
KANSAS CTY SOUTHN INDS COM 485170104 1590 27900 SH SOLE 27900
KELLOGG CO COM 487836108 1853 54800 SH SOLE 54800
KERR MCGEE CORP COM 492386107 266 8117 SH SOLE 8117
KEYCORP NEW COM 493267108 1704 56200 SH SOLE 56200
KIMBERLY CLARK CORP COM 494368103 1423 29684 SH OTHER 01 29584 100
KING WORLD PRODTNS INC COM 495667107 672 22000 SH SOLE 22000
KNIGHT RIDDER INC COM 499040103 645 12900 SH SOLE 12900
KROGER CO COM 501044101 1162 19400 SH SOLE 19400
LEAR SEATING CORP COM 521865105 248 5800 SH SOLE 5800
LEHMAN BROS HLDGS INC COM 524908100 872 14600 SH SOLE 14600
LEVEL 3 COMMUNICATIONS INC COM 52729N100 218 3000 SH SOLE 3000
LILLY ELI & CO COM 532457108 10423 122800 SH SOLE 122800
LIMITED INC COM 532716107 1870 47180 SH SOLE 47180
LINCOLN NATL CORP IND COM 534187109 1473 14900 SH SOLE 14900
LITTON INDS INC COM 538021106 267 4600 SH SOLE 4600
LIZ CLAIBORNE INC COM 539320101 587 18000 SH SOLE 18000
LOCKHEED MARTIN CORP COM 539830109 1309 34672 SH SOLE 34672
LOEWS CORP COM 540424108 881 11800 SH SOLE 11800
LONE STAR INDS INC COM 542290408 279 9000 SH SOLE 9000
LOUIS DREYFUS NAT GAS COM 546011107 151 10400 SH SOLE 10400
LOWES COS INC COM 548661107 799 13200 SH OTHER 01 13000 200
LUCENT TECHNOLOGIES INC COM 549463107 11928 110443 SH SOLE 110443
MBIA INC COM 55262C100 480 8270 SH SOLE 8270
MCI WORLDCOM INC. COM 55268B106 11192 126378 SH OTHER 01 126178 200
MARSH & MCLENNAN INC COM 571748102 2918 39300 SH SOLE 39300
MARSHALL & ILSLEY CORP COM 571834100 704 12698 SH SOLE 12698
MARRIOTT INTL INC COM 571903202 243 7240 SH OTHER 01 7200 40
MATTEL INC COM 577081102 335 13431 SH SOLE 13431
MAY DEPT STORES CO COM 577778103 2676 68400 SH SOLE 68400
MCCORMICK & CO NON VOTING COM 579780206 336 11600 SH SOLE 11600
MCDONALDS CORP COM 580135101 3920 86500 SH SOLE 86500
MCGRAW HILL COS INC COM 580645109 1221 22400 SH SOLE 22400
MCKESSON CORP NEW COM 58155Q103 1098 16639 SH OTHER 01 16561 78
MEAD CORP COM 582834107 261 8500 SH SOLE 8500
MEDIAONE GROUP INC COM 58440J104 3426 54000 SH SOLE 54000
MEDTRONIC INC COM 585055106 3579 49800 SH SOLE 49800
MELLON BK CORP COM 585509102 1422 20200 SH SOLE 20200
MERCK & CO INC COM 589331107 16722 208700 SH OTHER 01 208500 200
MERRILL LYNCH & CO INC COM 590188108 3575 40400 SH SOLE 40400
MICROSOFT CORP COM 594918104 36908 411800 SH OTHER 01 411600 200
MINNESOTA MNG & MFG CO COM 604059105 3594 50800 SH SOLE 50800
MINNESOTA PWR & LT CO COM 604110106 806 40800 SH SOLE 40800
MOBIL CORP COM 607059102 9287 105530 SH OTHER 01 105400 130
MOHAWK INDS INC COM 608190104 360 12000 SH SOLE 12000
MONSANTO CO COM 611662107 2742 59700 SH SOLE 59700
MONTANA POWER CO COM 612085100 765 10400 SH SOLE 10400
MORGAN J P & CO INC COM 616880100 3504 28400 SH SOLE 28400
MORGAN STANLEY DEAN WITTER DIS COM 617446448 6019 60225 SH SOLE 60225
MOTOROLA INC COM 620076109 2542 34700 SH SOLE 34700
NAC RE CORP COM 628907107 505 9400 SH SOLE 9400
NACCO INDS INC COM 629579103 467 6300 SH SOLE 6300
NATIONAL CITY CORP COM 635405103 1339 20180 SH SOLE 20180
NATIONAL SEMICONDUCTOR COM 637640103 93 10000 SH SOLE 10000
NAVISTAR INTL CORP NEW COM 63934E108 362 9000 SH SOLE 9000
NEW YORK TIMES CO COM 650111107 257 9000 SH SOLE 9000
NEWMONT MNG CORP COM 651639106 581 33200 SH SOLE 33200
NEXTEL COMMUNICATIONS COM 65332V103 817 22300 SH OTHER 01 22000 300
NICOR INC COM 654086107 503 14000 SH SOLE 14000
NIKE INC COM 654106103 1898 32900 SH SOLE 32900
NORDSTROM INC COM 655664100 360 8800 SH SOLE 8800
NORFOLK SOUTHERN CORP COM 655844108 1044 39600 SH SOLE 39600
NORTHN STS PWR CO MINN COM 665772109 260 11200 SH SOLE 11200
NORTHERN TELECOM LTD COM 665815106 1534 24700 SH SOLE 24700
NORTHERN TR CORP COM 665859104 622 7000 SH SOLE 7000
NORTHROP GRUMMAN CORP COM 666807102 551 9200 SH SOLE 9200
NOVELL INC COM 670006105 310 12300 SH SOLE 12300
OCCIDENTAL PETE CORP COM 674599105 558 31000 SH SOLE 31000
OLD KENT FINL CORP COM 679833103 267 6300 SH SOLE 6300
ORACLE CORP COM 68389X105 2464 93414 SH SOLE 93414
ORANGE & ROCKLAND UTIL COM 684065105 287 5000 SH SOLE 5000
PECO ENERGY CO COM 693304107 268 5800 SH SOLE 5800
PNC BK CORP COM 693475105 706 12700 SH SOLE 12700
PPG INDS INC COM 693506107 1066 20800 SH SOLE 20800
PACCAR INC COM 693718108 280 6800 SH SOLE 6800
PAINE WEBBER GROUP INC COM 695629105 299 7500 SH SOLE 7500
PARAMETRIC TECHNOLOGY COM 699173100 199 10100 SH SOLE 10100
PARKER HANNIFIN CORP COM 701094104 434 12675 SH SOLE 12675
PENNEY J C INC COM 708160106 774 19100 SH SOLE 19100
PEOPLES ENERGY CORP COM 711030106 427 13200 SH SOLE 13200
PEPSICO INC COM 713448108 4446 113450 SH OTHER 01 113100 350
PERKIN ELMER CORP COM 714041100 1068 11000 SH SOLE 11000
PHARMACIA & UPJOHN INC COM 716941109 639 10240 SH SOLE 10240
PFIZER INC COM 717081103 14680 105800 SH SOLE 105800
PHILIP MORRIS COS INC COM 718154107 8098 230150 SH OTHER 01 230000 150
PHILLIPS PETE CO COM 718507106 581 12300 SH SOLE 12300
PIONEER HI BRED INTL COM 723686101 361 9600 SH SOLE 9600
PITNEY BOWES INC COM 724479100 944 14800 SH SOLE 14800
PROCTER & GAMBLE CO COM 742718109 10577 108000 SH SOLE 108000
PROGRESSIVE CORP OHIO COM 743315103 646 4500 SH SOLE 4500
PROVIDENT FINANCIAL GROUP COM 743866105 242 6300 SH SOLE 6300
PROVIDIAN CORP COM 74406A102 2327 21150 SH SOLE 21150
QUAKER OATS CO COM 747402105 654 10500 SH SOLE 10500
QUALCOMM INC COM 747525103 435 3500 SH SOLE 3500
QUANTUM CORP COM 747906105 398 22100 SH SOLE 22100
QWEST COMMUNICATIONS INTL COM 749121109 360 5000 SH SOLE 5000
R&B FALCON CORP COM 74912E101 126 14600 SH SOLE 14600
RJR NABISCO HOLDINGS CORP COM 74960K876 1098 43900 SH SOLE 43900
RALSTON PURINA CO COM 751277302 339 12700 SH SOLE 12700
RAYTHEON CLASS B COM 755111408 1498 25560 SH OTHER 01 25500 60
RED ROOF INNS INC COM 757005103 202 12800 SH SOLE 12800
REEBOK INTL LTD COM 758110100 240 15100 SH SOLE 15100
REINSURANCE GROUP AMER COM 759351109 255 6000 SH SOLE 6000
RELIANT ENERGY COM 75952J108 399 15300 SH SOLE 15300
REPUBLIC N Y CORP COM 760719104 1817 39400 SH SOLE 39400
RITE AID CORP COM 767754104 303 12100 SH SOLE 12100
ROCKWELL INTL CORP COM 773903109 590 13900 SH SOLE 13900
ROHM & HAAS CO COM 775371107 1007 30000 SH SOLE 30000
ROWAN COS INC COM 779382100 473 37300 SH SOLE 37300
ROYAL DUTCH PETE CO COM 780257804 7582 145800 SH SOLE 145800
SBC COMMUNICATIONS INC COM 78387G103 11251 238426 SH SOLE 238426
STUDENT LOAN MARKETING COM 78442A109 294 7050 SH SOLE 7050
SAFECO CORP COM 786429100 247 6100 SH SOLE 6100
SAFEWAY INC COM 786514208 1101 21454 SH SOLE 21454
ST PAUL COS INC COM 792860108 1044 33600 SH SOLE 33600
SARA LEE CORP COM 803111103 1699 68660 SH OTHER 01 68200 460
SCHERING PLOUGH CORP COM 806605101 8663 156800 SH SOLE 156800
SCHLUMBERGER LTD COM 806857108 1625 27000 SH SOLE 27000
SCHWAB CHARLES CORP COM 808513105 3191 33200 SH SOLE 33200
SCOTTS CO COM 810186106 206 5500 SH SOLE 5500
SEARS ROEBUCK & CO COM 812387108 1179 26100 SH SOLE 26100
SERVICE CORP INTL COM 817565104 308 21600 SH SOLE 21600
SHARED MED SYS CORP COM 819486101 824 14800 SH SOLE 14800
SHERWIN WILLIAMS CO COM 824348106 242 8600 SH SOLE 8600
SILICON GRAPHICS INC COM 827056102 252 15200 SH SOLE 15200
SNAP ON INC COM 833034101 251 8650 SH SOLE 8650
SOUTHERN CO COM 842587107 326 14000 SH OTHER 01 13800 200
SOUTHTRUST CORP COM 844730101 627 16800 SH SOLE 16800
SOUTHWEST AIRLS CO COM 844741108 370 12225 SH SOLE 12225
SPRINGS INDS INC COM 851783100 214 7900 SH SOLE 7900
SPRINT CORP (FON GROUP) COM 852061100 5220 53200 SH SOLE 53200
SPRINT CORP (PCS GROUP) COM 852061506 2435 54950 SH SOLE 54950
STAPLES INC COM 855030102 230 7000 SH SOLE 7000
STATE ST BOSTON CORP COM 857477103 1661 20200 SH SOLE 20200
SUMMIT BANCORP COM 866005101 722 18500 SH SOLE 18500
SUN MICROSYSTEMS INC COM 866810104 8154 65200 SH SOLE 65200
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</TABLE>
