Name: Fiduciary Asset Management Co.
Address: 8112 Maryland Avenue, Suite 200
Clayton, MO 63105
Form 13F
Form 13F COVER PAGE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washingtot, D.C. 20549
Report for the Calendar Year or Quarter Ended: 6/30/99
Check here if Amendment ( ]; Amendment Number:
This Amendment (Check only one.): [ I is a restatement. [ '] adds new holdings
entries. Institutional
Investment Manager Filing this Report:
Form 13F File Number:
28-5030
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: Patricia L. Boyd
Title: Controller
Phone: 314-726-4605
Signature, Place, and Date of Signing:
[Signature]
[City, State]
[Date]
Report Type (Check only one.
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).)
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT
OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ ----
- ---- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C>
A. G. Edwards Inc. COM 281760108 4940 153184 SH SOLE
131184 22000
AK Steel Holding Corp. COM 001547108 607 27000 SH SOLE
11000 16000
AMR Corp. COM 001765106 2116 31000 SH SOLE
20000 11000
AT & T COM 001957109 14877 266550 SH SOLE
266550
Abbott Labs COM 002824100 11135 245400 SH SOLE
222400 23000
Aflac COM 001055102 1436 30000 SH SOLE
27000 3000
Air Products & Chem COM 009158106 3743 93000 SH SOLE
71000 22000
Airborne Freight Corp. COM 009266107 554 20000 SH SOLE
8900 11100
Alaska Air Group COM 011659109 3632 87000 SH SOLE
61000 26000
Albertson's COM 013104104 722 14000 SH SOLE
14000
Alliance Capital LP COM 018548107 963 29795 SH SOLE
29795
Allied Signal COM 019512102 10729 170295 SH SOLE
149295 21000
Allmerica Financial Corp COM 019754100 5899 97000 SH SOLE
82000 15000
Allstate Corp. COM 020002101 6534 182132 SH SOLE
182132
Alltel COM 020039103 4933 69000 SH SOLE
69000
AmeriTrade Holding Corp. COM 03072H109 1908 18000 SH SOLE
18000
America Online Inc. COM 02364J104 9254 84127 SH SOLE
84127
American Express COM 025816109 14098 108345 SH SOLE
108345
American General COM 026351106 1809 24000 SH SOLE
24000
American Greetings COM 026375105 1205 40000 SH SOLE
17000 23000
American Home Prod. COM 026609107 6896 120200 SH SOLE
120200
American Intl Group COM 026874107 13139 112057 SH SOLE
112057
Amgen COM 031162100 8160 134050 SH SOLE
105050 29000
Andrx Corporation COM 034551101 848 11000 SH SOLE
11000
Anheuser Busch COM 035229103 1631 22992 SH SOLE
22992
Aon COM 037389103 495 12000 SH SOLE
12000
Apache COM 037411105 702 18000 SH SOLE
18000
Applied Materials COM 038222105 3103 42000 SH SOLE
33000 9000
Apria Healthcare Group Inc. COM 037933108 340 20000 SH SOLE
13000 7000
Ashland Inc. COM 044204105 3932 98000 SH SOLE
74000 24000
At Home Corp. COM 045919107 4639 86000 SH SOLE
60000 26000
Auto. Data Proc. COM 053015103 722 16400 SH SOLE
16400
Autodesk COM 052769106 346 11700 SH SOLE
11700
Autozone Inc. COM 053332102 675 22400 SH SOLE
10400 12000
Avon Products COM 054303102 2220 40000 SH SOLE
29000 11000
Aware Inc COM 05453n100 1245 27000 SH SOLE
12000 15000
BF Goodrich COM 382388106 935 22000 SH SOLE
13000 9000
BJ Services Co. COM 055482103 589 20000 SH SOLE
20000
BJS Wholesale Club COM 05548j106 571 19000 SH SOLE
8000 11000
Banc One Corp COM 06423A103 774 13000 SH SOLE
13000
Bank of America Corp COM 060505104 6340 86474 SH SOLE
86474
Bank of New York COM 064057102 3999 109000 SH SOLE
109000
Bard (C.R.) Inc. COM 067383109 4829 101000 SH SOLE
67000 34000
Barrick Gold Corp COM 067901108 1763 91000 SH SOLE
91000
Baxter International COM 071813109 1152 19000 SH SOLE
19000
Bear Stearns Companies, Inc. COM 073902108 1028 22000 SH SOLE
22000
Becton Dickinson & Co. COM 075887109 510 17000 SH SOLE
17000
Bell Atlantic COM 077853109 11558 176800 SH SOLE
161800 15000
Bell South COM 079860102 18432 399600 SH SOLE
377600 22000
Belo (A.H.) Corp. COM 080555105 591 30000 SH SOLE
30000
Berkshire Hathaway Inc. Cl A COM 551 8 SH SOLE
8
Biomet Inc. COM 090613100 815 20500 SH SOLE
8500 12000
Boeing COM 097023105 1870 42500 SH SOLE
42500
Bristol-Myers Squibb COM 110122108 23501 333648 SH SOLE
311648 22000
Broadcom Corp COM 111320107 7662 53000 SH SOLE
38000 15000
Brunswick Corp. COM 117043109 4181 150000 SH SOLE
112000 38000
Buckeye Partners LP COM 118230101 926 33679 SH SOLE
33679
Burlington Northern COM 12189T104 3286 106000 SH SOLE
95000 11000
CBRL Group Inc. COM 12489v106 1766 102000 SH SOLE
86000 16000
CCB Financial Group COM 124875105 2644 50000 SH SOLE
38000 12000
CIT Group Inc. COM 125577106 577 20000 SH SOLE
8000 12000
CMG Information Services COM 125750109 2281 20000 SH SOLE
13000 7000
CSG Systems International COM 126349109 524 20000 SH SOLE
10000 10000
Cabletron Systems COM 126920107 260 20000 SH SOLE
8000 12000
Calpine Corp COM 131347106 3132 58000 SH SOLE
35000 23000
Campbell Soup COM 134429109 788 17000 SH SOLE
17000
Canadian Pacific Ltd. COM 135923100 1643 69000 SH SOLE
69000
Cardinal Health COM 14149Y108 2235 34852 SH SOLE
34852
Caterpillar Inc. COM 149123101 420 7000 SH SOLE
7000
CenturyTel Inc COM 156700106 636 16000 SH SOLE
16000
Charles Schwab COM 808513105 4346 39870 SH SOLE
39870
Chase Manhattan Bank COM 16161A108 6404 74040 SH SOLE
74040
Chevron Corp. COM 166751107 2393 25178 SH SOLE
25178
Chubb Corp. COM 171232101 1425 20500 SH SOLE
20500
Cigna Corp. COM 125509109 1157 13000 SH SOLE
13000
Circuit City Stores, Inc. COM 172737108 465 5000 SH SOLE
5000
Cisco Systems COM 17275R102 14600 226570 SH SOLE
226570
Citigroup Inc. COM 172967101 7912 166562 SH SOLE
166562
Clayton Homes COM 184190106 2162 189000 SH SOLE
154000 35000
Clear Channel Communications COM 184502102 620 9000 SH SOLE
9000
Cnet incorporated COM 125945105 3112 54000 SH SOLE
32000 22000
Coastal Corp. COM 190441105 4508 112000 SH SOLE
45000 67000
Coca Cola COM 191216100 13953 225045 SH SOLE
225045
Colgate Palmolive COM 194162103 2020 20510 SH SOLE
20510
Comcast Corp - Special Cl A COM 200300200 4190 109000 SH SOLE
109000
Comerica, Inc. COM 200340107 3031 51000 SH SOLE
51000
Commercial Federal Corp. COM 201647104 742 32000 SH SOLE
17000 15000
Compaq Computers COM 204493100 474 20000 SH SOLE
20000
Computer Associates COM 204912109 2573 47000 SH SOLE
47000
Comverse Technology Inc. COM 205862402 5813 77000 SH SOLE
53000 24000
Conseco Inc. COM 208464107 2039 67000 SH SOLE
67000
Cooper Industries Inc. COM 216669101 2704 52000 SH SOLE
30000 22000
Cooper Tire & Rubber COM 216831107 2977 126000 SH SOLE
93000 33000
Corning Inc. COM 219350105 2805 40000 SH SOLE
40000
Costco Companies Inc. COM 22160Q102 2416 30175 SH SOLE
30175
Cox Communications COM 224044107 3534 96000 SH SOLE
83000 13000
Dana Corp COM 235811106 2856 62000 SH SOLE
39000 23000
Dayton Hudson Corp. COM 239753106 3747 57650 SH SOLE
57650
Dell Computer COM 247025109 5587 151000 SH SOLE
151000
Delta Air Lines COM 247361108 3918 68000 SH SOLE
47000 21000
Dover Corp. COM 260003108 2625 75000 SH SOLE
63000 12000
Dow Chemical COM 260543103 2157 17000 SH SOLE
17000
DuPont COM 263534109 10930 160000 SH SOLE
141000 19000
Duke Energy Corp. COM 264399106 539 9900 SH SOLE
9900
E Trade Group Inc COM 269246104 2316 58000 SH SOLE
38000 20000
EMC Corp. COM 268648102 5271 95840 SH SOLE
95840
Eastman Kodak COM 277461109 4153 61300 SH SOLE
49300 12000
Echo Star Communications Corp COM 278762109 1918 12500 SH
SOLE 2500 10000
Edison International COM 281020107 1230 46000 SH SOLE
46000
El Paso Energy Corp. COM 283905107 4785 136000 SH SOLE
91000 45000
Eli Lilly COM 532457108 4441 62000 SH SOLE
62000
Emerson Electric COM 291011104 13189 209551 SH SOLE
189551 20000
Energy East Corp. Holding Co. COM 29266m109 2418 93000 SH
SOLE 93000
Enron COM 293561106 1308 16000 SH SOLE
16000
Equitable Co. COM 29444G107 1059 15800 SH SOLE
15800
Everest Reinsurance COM 299808105 816 25000 SH SOLE
19000 6000
Exxon COM 302290101 19712 255591 SH SOLE
255591
FMC Corp. COM 302491303 4509 66000 SH SOLE
44000 22000
Family Dollar Stores COM 307000109 1584 66000 SH SOLE
50000 16000
Fed Nat'l Mtg Assoc. COM 313586109 10189 149290 SH SOLE
113290 36000
Fiduciary Partners Fund L.P. COM 532 240 SH SOLE
240
First Union Corp. COM 337358105 7899 167620 SH SOLE
167620
Firstar Corp. COM 33761C103 980 35000 SH SOLE
35000
Fleet Financial Group COM 338915101 3994 90000 SH SOLE
90000
Fleetwood Ent. COM 339099103 1639 62000 SH SOLE
62000
Fluor Corp. COM 343861100 1336 33000 SH SOLE
15000 18000
Ford Motor Company COM 345370100 9030 160000 SH SOLE
152000 8000
Fortune Brands COM 349631101 1283 31000 SH SOLE
19000 12000
Franklin Resources Inc. COM 354613101 203 5000 SH SOLE
5000
Freddie Mac COM 313400301 6040 104145 SH SOLE
104145
Fremont General Corp. COM 357288109 377 20000 SH SOLE
9000 11000
Furniture Brands Int'l COM 360921100 466 16725 SH SOLE
16725
GTE COM 362320103 438 5800 SH SOLE
5800
Gannett Co. Inc. COM 364730101 3783 53000 SH SOLE
53000
Gap Inc. COM 364760108 4458 88500 SH SOLE
88500
General Dynamics COM 369550108 1510 21930 SH SOLE
21930
General Electric COM 369604103 40816 361200 SH SOLE
361200
General Motors COM 370442105 12342 187000 SH SOLE
136000 51000
Gillette Co COM 375766102 3835 93528 SH SOLE
93528
Go2net COM 383486107 3675 40000 SH SOLE
22000 18000
Golden West Financial COM 381317106 1764 18000 SH SOLE
18000
Goodyear Tire & Rubber COM 382550101 1706 29000 SH SOLE
18000 11000
Grainger, W.W. COM 384802104 5381 100000 SH SOLE
78000 22000
Gtech Holdings Corp. COM 400518106 542 23000 SH SOLE
11000 12000
Guidant Corp COM 401698105 613 12000 SH SOLE
12000
Harris Corp. COM 413875105 549 14000 SH SOLE
14000
Hartford Financial Svcs Grp COM 416515104 875 15000 SH SOLE
15000
Heinz COM 423074103 4110 82000 SH SOLE
82000
Hewlett-Packard COM 428236103 10558 105050 SH SOLE
105050
Hibernia Corp - Cl A COM 428656102 2353 150000 SH SOLE
119600 30400
Hillenbrand Industries, Inc. COM 431573104 865 20000 SH SOLE
8000 12000
Home Depot COM 437076102 16942 262920 SH SOLE
238920 24000
Household Int'l COM 441815107 3621 76425 SH SOLE
76425
IBP, Inc. COM 449223106 1069 45000 SH SOLE
18000 27000
ICOS Corporation COM 449295104 1388 34000 SH SOLE
34000
IDEC Pharmaceuticals COM 449370105 1541 20000 SH SOLE
10000 10000
IMC Global Inc. COM 449669100 347 20000 SH SOLE
7000 13000
ISS Group COM 450306105 1510 40000 SH SOLE
16000 24000
ITT Industries Inc. COM 450911102 2936 77000 SH SOLE
65000 12000
Ikon Office Solutions Inc. COM 451713101 480 32000 SH SOLE
20000 12000
Illinois Tool Works COM 452308109 4251 52000 SH SOLE
52000
Immunex (New) COM 452528102 6117 48000 SH SOLE
21000 27000
Ingersoll Rand COM 456866102 582 9000 SH SOLE
9000
Int'l Flavor & Fragrance COM 459506101 3256 74000 SH SOLE
74000
Int'l Game Technology COM 459902102 290 15700 SH SOLE
7000 8700
Intel COM 458140100 17934 301411 SH SOLE
301411
International Fuel Technology COM 45953X109 5 17000 SH SOLE
17000
Interstate Bakeries Corp. COM 46072H108 247 11000 SH SOLE
3000 8000
Intl Business Machines COM 459200101 41753 323043 SH SOLE
323043
Ivax Corp. COM 465823102 268 19000 SH SOLE
19000
Jefferson-Pilot Corp. COM 475070108 927 14000 SH SOLE
14000
Johnson & Johnson COM 478160104 20727 211505 SH SOLE
211505
Johnson Controls Inc. COM 478366107 3604 52000 SH SOLE
38000 14000
KLA Instruments Corp COM 482480100 3892 60000 SH SOLE
41000 19000
Kennametal, Inc. COM 489170100 1240 40000 SH SOLE
17000 23000
Keycorp COM 493267108 3084 96000 SH SOLE
85000 11000
Kimberly Clark COM 494368103 9989 175250 SH SOLE
142250 33000
Kinder Morgan Energy Partners COM 494550106 1030 27845 SH
SOLE 27845
Kohls Corp COM 500255104 842 10950 SH SOLE
10950
Kroger Company COM 501044101 1320 47250 SH SOLE
47250
LSI Logic Corp. COM 502161102 3183 69000 SH SOLE
48000 21000
Labor Ready Inc COM 505401208 325 10000 SH SOLE
4000 6000
Laclede Gas Co. COM 505588103 200 8609 SH SOLE
8609
Lafarge Corp. COM 505862102 2162 61000 SH SOLE
61000
Lakehead Pipeline Ptnrs. COM 511557100 338 7690 SH SOLE
7690
Lands End Inc. COM 515086106 962 20000 SH SOLE
6000 14000
Leggett & Platt Inc. COM 524660107 1279 46000 SH SOLE
46000
Level 3 Communication COM 52729n100 2042 34000 SH SOLE
34000
Leviathan Gas LP COM 527367205 1501 63521 SH SOLE
63521
Limited Inc. COM 532716107 1361 30000 SH SOLE
30000
Lockheed Martin COM 539830109 782 21000 SH SOLE
21000
Loews Corp. COM 540424108 554 7000 SH SOLE
7000
Lowe's Companies COM 548661107 3741 66000 SH SOLE
54000 12000
Lucent Technologies Inc. COM 549463107 12384 183644 SH SOLE
183644
MBIA COM 55262C100 6016 92910 SH SOLE
92910
MBNA Corp. COM 55262L100 4490 146625 SH SOLE
146625
MCI Worldcom COM 55268b106 8803 102285 SH SOLE
102285
MFS Research Fund - A COM 55274C106 700 25524 SH SOLE
25524
MGIC Investment Corp COM 552848103 2383 49000 SH SOLE
49000
Macromedia Inc. COM 556100105 634 18000 SH SOLE
6000 12000
Magna Intl Cl A COM 559222401 1816 32000 SH SOLE
32000
Mallinckrodt Group COM 561232109 291 8000 SH SOLE
8000
Marsh & McLennan COM 571748102 2738 36171 SH SOLE
36171
May Dept. Stores COM 577778103 2638 64548 SH SOLE
64548
McDonalds Corp. COM 580135101 1855 45100 SH SOLE
45100
Mead COM 582834107 668 16000 SH SOLE
12000 4000
Medtronic COM 585055106 9843 126401 SH SOLE
126401
Mellon Bank COM 585509102 4219 116000 SH SOLE
116000
Mercantile Banc. COM 587342106 1461 25570 SH SOLE
25570
Merck & Co., Inc. COM 589331107 28471 386706 SH SOLE
351706 35000
Merrill Lynch & Co. COM 590188108 3717 46750 SH SOLE
46750
Metromedia Fiber Networks COM 591689104 3091 86000 SH SOLE
62000 24000
Microsoft COM 594918104 41097 455680 SH SOLE
452680 3000
Millipore Corp. COM 601073109 365 9000 SH SOLE
9000
Minnesota Min & Manf COM 604059105 10432 120000 SH SOLE
113000 7000
Mississippi Valley Bancshares COM 605720101 512 15470 SH SOLE
15470
Mobil Corp. COM 607059102 627 6350 SH SOLE
6350
Monsanto COM 611662107 293 7414 SH SOLE
7414
Morgan Stanley D-W COM 617446448 13244 129048 SH SOLE
129048
Motorola COM 620076109 4169 44000 SH SOLE
44000
Nalco Chemical COM 629853102 1245 24000 SH SOLE
13000 11000
National City Corp. COM 635405103 4781 73000 SH SOLE
73000
Network Appliance Inc COM 64120L104 3520 63000 SH SOLE
54000 9000
Nextel Communications Inc. - C COM 65332V103 661 13173 SH
SOLE 13173
Nokia Corp. Sponsored ADR COM 654902204 2417 26400 SH
SOLE 26400
Nordstrom Inc COM 655664100 2077 62000 SH SOLE
27000 35000
Nortel Networks Corp. COM 656569100 3907 45000 SH SOLE
45000
Northern Border Pipeline LP COM 664785102 288 9285 SH SOLE
9285
Northern States Power COM 665772109 2612 108000 SH SOLE
108000
Northern Trust Co. COM 665859104 2611 26915 SH SOLE
26915
Northrop Gruman Corp. COM 666807102 265 4000 SH SOLE
4000
Novell COM 670006105 980 37000 SH SOLE
25000 12000
Old Republic Int'l Corp. COM 680223104 4640 268000 SH SOLE
219000 49000
Oracle Systems COM 68389X105 5036 135650 SH SOLE
135650
Oxford Health Plans COM 691471106 2116 136000 SH SOLE
64000 72000
P.P.G. Industries Inc. COM 693506107 768 13000 SH SOLE
13000
PMI Group COM 69344M101 3957 63000 SH SOLE
54000 9000
PNC Bank COM 693475105 1095 19000 SH SOLE
19000
PP & L Resources Holdings COM 693499105 584 19000 SH SOLE
19000
Paccar Inc COM 693718108 1548 29000 SH SOLE
17000 12000
Pacific Century Finl Corp COM 694058108 474 22000 SH SOLE
22000
Pacific G & E COM 69331C108 967 29800 SH SOLE
29800
Parker-Hannifin Corp. COM 701094104 1921 42000 SH SOLE
30000 12000
Payless Shoesource Inc COM 704379106 1637 30606 SH SOLE
19606 11000
Peco Energy Co COM 693304107 502 12000 SH SOLE
12000
Pentair Inc. COM 709631105 1235 27000 SH SOLE
27000
Pepsico Inc. COM 713448108 1770 45760 SH SOLE
45760
Pfizer Inc. COM 717081103 15963 146450 SH SOLE
146450
Pharmacia & Upjohn COM 716941109 3863 68000 SH SOLE
57000 11000
Philip Morris Co. COM 718154107 2600 64705 SH SOLE
64705
Pitney Bowes COM 724479100 2441 38000 SH SOLE
38000
Procter & Gamble COM 742718109 17674 198030 SH SOLE
176030 22000
Providian Corp. COM 74406a102 559 6000 SH SOLE
6000
Qualcomm Inc. COM 747525103 3641 25375 SH SOLE
14375 11000
Qwest Commun Intl COM 749121109 1322 40000 SH SOLE
40000
RCN Corp COM 749361101 1831 44000 SH SOLE
34000 10000
RF Micro Devices COM 749941100 895 12000 SH SOLE
12000
Rational Software Corp COM 75409p202 1317 40000 SH SOLE
18000 22000
Raytheon Class B COM 755111408 957 13570 SH SOLE
13570
RealNetworks Inc COM 75605l104 1515 22000 SH SOLE
5000 17000
Reliastar Financial Corp COM 75952u103 3806 87000 SH SOLE
76000 11000
Rexall Sundown Inc. COM 761648104 487 40000 SH SOLE
16000 24000
Rockwell Int'l COM 773903109 3402 56000 SH SOLE
45000 11000
Rohm and Haas COM 775371107 3340 77900 SH SOLE
58000 19900
Royal Dutch Pet COM 780257804 11200 185900 SH SOLE
185900
S&P Depository Receipts COM 78462F103 5320 38830 SH SOLE
38830
S&P Midcap 400 Spyders COM 595635103 1619 20635 SH SOLE
20635
SBC Communications COM 78387G103 11599 199990 SH SOLE
191490 8500
Safeway Inc. COM 786514208 1512 30555 SH SOLE
30555
Salton/Maxim Houseware Inc. Co COM 795757103 0 10985 SH SOLE
10985
Sara Lee Corp. COM 803111103 1611 71000 SH SOLE
52000 19000
Schering Plough COM 806605101 10845 206565 SH SOLE
183565 23000
Schlumberger COM 806857108 2643 41500 SH SOLE
41500
Sears Roebuck COM 812387108 7417 166446 SH SOLE
112446 54000
Sherwin-Williams COM 824348106 555 20000 SH SOLE
7000 13000
Sigma Aldrich COM 826552101 448 13000 SH SOLE
4000 9000
Solectron Corp COM 834182107 2134 32000 SH SOLE
32000
Solutia Inc. COM 834376105 1705 80000 SH SOLE
33000 47000
Southtrust Corp. COM 844730101 2801 73000 SH SOLE
61000 12000
Sprint Corp. COM 852061100 3657 69000 SH SOLE
69000
Stanley Works COM 854616109 1996 62000 SH SOLE
53000 9000
Staples COM 855030102 247 8000 SH SOLE
8000
State Street Boston COM 857477103 6693 78391 SH SOLE
78391
Storage Technology Inc. COM 862111200 978 43000 SH SOLE
23000 20000
Summit Bancorp Inc. COM 866005101 1923 46000 SH SOLE
46000
Summit Technology COM 86627e101 770 35000 SH SOLE
23000 12000
Sun Microsystems COM 866810104 8055 116945 SH SOLE
116945
Sunoco Inc. COM 86764p109 2234 74000 SH SOLE
61000 13000
Suntrust Bank Inc. COM 867914103 3680 53000 SH SOLE
53000
TJX Cos. Inc. COM 872540109 500 15000 SH SOLE
15000
Tellabs Inc. COM 879664100 1243 18400 SH SOLE
18400
Teppco Partners L.P. COM 872384102 718 28950 SH SOLE
28950
Texaco COM 881694103 3930 63000 SH SOLE
63000
Texas Instruments COM 882508104 5472 38000 SH SOLE
38000
Textron Inc. COM 883203101 3375 41000 SH SOLE
38000 3000
Tidewater Inc. COM 886423102 2840 93100 SH SOLE
70100 23000
Time Warner COM 887315109 19816 272855 SH SOLE
249855 23000
Torchmark Corp. COM 891027104 375 11000 SH SOLE
6000 5000
Toys R Us COM 892335100 414 20000 SH SOLE
9000 11000
Travelers Prop Casualty - Cl A COM 893939108 782 20000 SH SOLE
20000
Tribune Co. COM 896047107 697 8000 SH SOLE
8000
Trigon Healthcare Inc COM 89618L100 727 20000 SH SOLE
7000 13000
Trinity Inds Inc. COM 896522109 1340 40000 SH SOLE
18000 22000
Tupperware Corporation COM 899896104 663 26000 SH SOLE
16000 10000
Tyco Int'l Ltd. COM 902124106 3131 33050 SH SOLE
33050
U.S. Bancorp COM 902973106 2503 75000 SH SOLE
75000
UAL Corp. COM 902549500 1616 25000 SH SOLE
13000 12000
UST Inc. COM 902911106 8764 299000 SH SOLE
250000 49000
Unilever N V COM 904784709 558 8000 SH SOLE
8000
Uniphase COM 909149106 1826 11000 SH SOLE
11000
Unisys COM 909214108 467 12000 SH SOLE
12000
United Healthcare COM 910581107 2881 46000 SH SOLE
34000 12000
United Technologies COM 913017109 2290 31800 SH SOLE
31800
Universal Corp. COM 913456109 1592 56000 SH SOLE
40000 16000
VF Corp COM 918204108 2950 69000 SH SOLE
47000 22000
Valero Energy Corp. COM 91913y100 1286 60000 SH SOLE
25000 35000
Verisign Inc COM 92343e102 1035 12000 SH SOLE
12000
Vodafone AirTouch COM 92857T107 3933 19965 SH SOLE
19965
WM Wrigley Jr. Co. COM 982526105 981 11000 SH SOLE
11000
Wachovia Corp. COM 929771103 3765 44000 SH SOLE
44000
Wal-Mart Stores COM 931142103 25040 518960 SH SOLE
502960 16000
Walgreen COM 931422109 5211 177400 SH SOLE
177400
Walt Disney COM 254687106 4240 137613 SH SOLE
137613
Warner Lambert COM 934488107 2627 38000 SH SOLE
38000
Washington Mutual COM 939322103 1671 47000 SH SOLE
47000
Wells Fargo COM 949746101 3847 90000 SH SOLE
90000
Xerox Corp. COM 984121103 10698 181125 SH SOLE
181125
Xilinx COM 983919101 2462 43000 SH SOLE
22000 21000
Yahoo! Inc. COM 984332106 5684 33000 SH SOLE
24000 9000
York International COM 986670107 985 23000 SH SOLE
23000
</TABLE>
