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Previous: ALTERNATE MARKETING NETWORKS INC, 10QSB, 1999-11-10 |
Next: ESTEE LAUDER COMPANIES INC, 4, 1999-11-10 |
<PAGE> 1
UNITED STATES
SECURITES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9/30/99
----------
Check here if Amendment [ ]; Amendment Number:
-----------
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Boston Partners Asset Management, L.P.
Address: 28 State Street, 20th Floor
Boston, MA 02109
Form 13F File Number: 28-5082
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: William J. Kelly
Title: Treasurer
Phone: (617) 832-8200
Signature, Place, and Date of Signing:
/s/ William J. Kelly Boston, MA November 10, 1999
- -------------------- ---------- -----------------
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).)
<PAGE> 2
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 2
---------------
Form 13F Information Table Entry Total: 703
---------------
Form 13F Information Table Value Total: $ 8,267,896
---------------
(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.
<TABLE>
<CAPTION>
No. Form 13F File Number Name
- --- -------------------- ----
<S> <C> <C>
01 unknown Liberty Asset Management Company
02 unknown SEI Investments Management Corporation
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
AT&T CORP COM 001957109 5793 133162 SH
AT&T CORP COM 001957109 19467 447511 SH
AT&T CORP COM 001957109 267 6141 SH
ABBOTT LABS COM 002824100 37365 1018462 SH
ABBOTT LABS COM 002824100 371 10100 SH
ABITIBI-CONSOLIDATED INC COM 003924107 30317 2513300 SH
ABITIBI-CONSOLIDATED INC COM 003924107 3497 289900 SH
AETNA INC COM 008117103 5202 105625 SH
AETNA INC COM 008117103 71632 1454454 SH
AETNA INC COM 008117103 788 16000 SH
AGRIBRANDS INTL INC COM 00849R105 30 600 SH
AGRIBRANDS INTL INC COM 00849R105 7503 151200 SH
AGRIUM INC COM 008916108 11038 1110700 SH
AIRGAS INC COM 009363102 2502 215200 SH
AIRGAS INC COM 009363102 6935 596600 SH
AIRGAS INC COM 009363102 35 3000 SH
ALCAN ALUM LTD COM 013716105 29080 930551 SH
ALCAN ALUM LTD COM 013716105 519 16600 SH
ALCOA INC COM 013817101 6507 104850 SH
ALCOA INC COM 013817101 20568 331401 SH
ALCOA INC COM 013817101 292 4700 SH
ALLIANT TECHSYSTEMS INC COM 018804104 3431 49496 SH
ALLIANT TECHSYSTEMS INC COM 018804104 10716 154611 SH
ALLIANT TECHSYSTEMS INC COM 018804104 63 911 SH
ALLIED SIGNAL INC COM 019512102 13877 231525 SH
ALLIED SIGNAL INC COM 019512102 111732 1864137 SH
ALLIED SIGNAL INC COM 019512102 1618 27000 SH
ALLMERICA FINL CORP COM 019754100 5057 106175 SH
ALLMERICA FINL CORP COM 019754100 88872 1866076 SH
ALLMERICA FINL CORP COM 019754100 4495 94380 SH
AMCOR LTD PRIDES 7 02341R401 113 2500 SH
AMCOR LTD PRIDES 7 02341R401 6410 142435 SH
AMEREN CORP COM 023608102 6958 184000 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
AT&T CORP DEFINED 2 133162 0 0
AT&T CORP SOLE 236384 21733 189394
AT&T CORP DEFINED 6141 0 0
ABBOTT LABS SOLE 492962 40500 485000
ABBOTT LABS DEFINED 10100 0 0
ABITIBI-CONSOLIDATED INC SOLE 1717300 160700 635300
ABITIBI-CONSOLIDATED INC DEFINED 289900 0 0
AETNA INC DEFINED 2 105625 0 0
AETNA INC SOLE 906354 68000 480100
AETNA INC DEFINED 16000 0 0
AGRIBRANDS INTL INC DEFINED 600 0 0
AGRIBRANDS INTL INC SOLE 142200 5500 3500
AGRIUM INC SOLE 1043800 40000 26900
AIRGAS INC DEFINED 1 215200 0 0
AIRGAS INC SOLE 511500 59100 26000
AIRGAS INC DEFINED 3000 0 0
ALCAN ALUM LTD SOLE 522451 62900 345200
ALCAN ALUM LTD DEFINED 16600 0 0
ALCOA INC DEFINED 2 104850 0 0
ALCOA INC SOLE 183201 17100 131100
ALCOA INC DEFINED 4700 0 0
ALLIANT TECHSYSTEMS INC DEFINED 1 49496 0 0
ALLIANT TECHSYSTEMS INC SOLE 136810 14638 3163
ALLIANT TECHSYSTEMS INC DEFINED 911 0 0
ALLIED SIGNAL INC DEFINED 2 231525 0 0
ALLIED SIGNAL INC SOLE 994887 83700 785550
ALLIED SIGNAL INC DEFINED 27000 0 0
ALLMERICA FINL CORP DEFINED 2 106175 0 0
ALLMERICA FINL CORP SOLE 1341450 130526 394100
ALLMERICA FINL CORP DEFINED 94380 0 0
AMCOR LTD DEFINED 2500 0 0
AMCOR LTD SOLE 142435 0 0
AMEREN CORP SOLE 173000 6500 4500
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
AMERICAN CAP STRATEGIES LTD COM 024937104 13 700 SH
AMERICAN CAP STRATEGIES LTD COM 024937104 13546 732200 SH
AMERICAN HOME PRODS CORP COM 026609107 39143 943200 SH
AMERICAN HOME PRODS CORP COM 026609107 560 13500 SH
AMERICAN INTL GROUP INC COM 026874107 49767 572450 SH
AMERICAN INTL GROUP INC COM 026874107 680 7825 SH
AMERITECH CORP NEW COM 030954101 365 5475 SH
AMERITECH CORP NEW COM 030954101 48684 729346 SH
AMERITECH CORP NEW COM 030954101 688 10300 SH
AMWAY JAPAN LTD COM 03234J100 124 27600 SH
AMWAY JAPAN LTD COM 03234J100 17 3800 SH
ANDREW CORP COM 034425108 2683 154400 SH
ANDREW CORP COM 034425108 9051 520900 SH
ANDREW CORP COM 034425108 43 2500 SH
ANHEUSER BUSCH COS INC COM 035229103 23149 330401 SH
ANHEUSER BUSCH COS INC COM 035229103 329 4700 SH
ANNALY MTG MGMT INC COM 035710409 2193 235500 SH
ANTHRACITE CAP INC COM 037023108 3741 544200 SH
ARDENT SOFTWARE INC COM 039794102 2325 86300 SH
ARDENT SOFTWARE INC COM 039794102 6376 236700 SH
ARDENT SOFTWARE INC COM 039794102 43 1600 SH
ASIA TIGERS FD INC COM 04516T105 1909 229600 SH
ASTORIA FINL CORP COM 046265104 21507 699415 SH
ASTORIA FINL CORP COM 046265104 2436 79215 SH
AURORA FOODS INC COM 05164B106 3680 230000 SH
AURORA FOODS INC COM 05164B106 34536 2158500 SH
AURORA FOODS INC COM 05164B106 2400 150000 SH
AVALONBAY CMNTYS INC COM 053484101 8419 248521 SH
AVALONBAY CMNTYS INC COM 053484101 136 4000 SH
AVERY DENNISON CORP COM 053611109 311 5900 SH
BCE INC COM 05534B109 64702 1298919 SH
BCE INC COM 05534B109 1106 22200 SH
BJS WHSL CLUB INC COM 05548J106 6043 204400 SH
BJS WHSL CLUB INC COM 05548J106 116194 3930450 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
AMERICAN CAP STRATEGIES LTD DEFINED 700 0 0
AMERICAN CAP STRATEGIES LTD SOLE 688700 25900 17600
AMERICAN HOME PRODS CORP SOLE 500800 48500 393900
AMERICAN HOME PRODS CORP DEFINED 13500 0 0
AMERICAN INTL GROUP INC SOLE 304525 28300 239625
AMERICAN INTL GROUP INC DEFINED 7825 0 0
AMERITECH CORP NEW DEFINED 2 5475 0 0
AMERITECH CORP NEW SOLE 388071 35600 305675
AMERITECH CORP NEW DEFINED 10300 0 0
AMWAY JAPAN LTD SOLE 27600 0 0
AMWAY JAPAN LTD DEFINED 3800 0 0
ANDREW CORP DEFINED 1 154400 0 0
ANDREW CORP SOLE 452900 47800 20200
ANDREW CORP DEFINED 2500 0 0
ANHEUSER BUSCH COS INC SOLE 179001 17200 134200
ANHEUSER BUSCH COS INC DEFINED 4700 0 0
ANNALY MTG MGMT INC SOLE 227300 7700 500
ANTHRACITE CAP INC SOLE 525700 4600 13900
ARDENT SOFTWARE INC DEFINED 1 86300 0 0
ARDENT SOFTWARE INC SOLE 203800 23700 9200
ARDENT SOFTWARE INC DEFINED 1600 0 0
ASIA TIGERS FD INC SOLE 213200 9700 6700
ASTORIA FINL CORP SOLE 559925 77745 61745
ASTORIA FINL CORP DEFINED 79215 0 0
AURORA FOODS INC DEFINED 1 230000 0 0
AURORA FOODS INC SOLE 1788200 220900 149400
AURORA FOODS INC DEFINED 150000 0 0
AVALONBAY CMNTYS INC SOLE 132121 12500 103900
AVALONBAY CMNTYS INC DEFINED 4000 0 0
AVERY DENNISON CORP SOLE 5900 0 0
BCE INC SOLE 747619 82200 469100
BCE INC DEFINED 22200 0 0
BJS WHSL CLUB INC DEFINED 1 204400 0 0
BJS WHSL CLUB INC SOLE 2971950 312200 646300
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
BJS WHSL CLUB INC COM 05548J106 7382 249722 SH
BP AMOCO P L C COM 055622104 405 3654 SH
BAKER FENTRESS & CO COM 057213100 19665 1410909 SH
BALL CORP COM 058498106 5314 120600 SH
BALL CORP COM 058498106 15087 342400 SH
BALL CORP COM 058498106 84 1900 SH
BARD C R INC COM 067383109 69121 1468700 SH
BARD C R INC COM 067383109 3577 76000 SH
BARR LABS INC COM 068306109 1908 60100 SH
BARR LABS INC COM 068306109 4994 157300 SH
BARR LABS INC COM 068306109 32 1000 SH
BAXTER INTL INC COM 071813109 96164 1596083 SH
BAXTER INTL INC COM 071813109 1332 22100 SH
BELL & HOWELL CO NEW COM 077852101 2840 77400 SH
BELL & HOWELL CO NEW COM 077852101 7591 206900 SH
BELL & HOWELL CO NEW COM 077852101 55 1500 SH
BELL ATLANTIC CORP COM 077853109 68015 1010431 SH
BELL ATLANTIC CORP COM 077853109 821 12200 SH
BERRY PETE CO COM 085789105 1953 144000 SH
BERRY PETE CO COM 085789105 5392 397600 SH
BERRY PETE CO COM 085789105 18 1300 SH
BLOCK H & R INC COM 093671105 25302 582500 SH
BOWATER INC COM 102183100 33597 639950 SH
BOWATER INC COM 102183100 3591 68400 SH
BOYDS COLLECTION LTD COM 103354106 1804 147300 SH
BOYDS COLLECTION LTD COM 103354106 5305 433100 SH
BOYDS COLLECTION LTD COM 103354106 27 2200 SH
BRADY CORP COM 104674106 3117 97400 SH
BUILDING ONE SVCS CORP COM 120114103 15 1200 SH
BUILDING ONE SVCS CORP COM 120114103 9928 814599 SH
BURLINGTON COAT FACTORY WHSE COM 121579106 3725 188600 SH
BURLINGTON COAT FACTORY WHSE COM 121579106 12302 622900 SH
BURLINGTON COAT FACTORY WHSE COM 121579106 67 3400 SH
BURLINGTON INDS INC NEW COM 121693105 127 28300 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
BJS WHSL CLUB INC DEFINED 249722 0 0
BP AMOCO P L C SOLE 3654 0 0
BAKER FENTRESS & CO SOLE 1326876 50009 34024
BALL CORP DEFINED 1 120600 0 0
BALL CORP SOLE 297900 36000 8500
BALL CORP DEFINED 1900 0 0
BARD C R INC SOLE 1299800 95600 73300
BARD C R INC DEFINED 76000 0 0
BARR LABS INC DEFINED 1 60100 0 0
BARR LABS INC SOLE 138000 13000 6300
BARR LABS INC DEFINED 1000 0 0
BAXTER INTL INC SOLE 855983 78800 661300
BAXTER INTL INC DEFINED 22100 0 0
BELL & HOWELL CO NEW DEFINED 1 77400 0 0
BELL & HOWELL CO NEW SOLE 179600 20900 6400
BELL & HOWELL CO NEW DEFINED 1500 0 0
BELL ATLANTIC CORP SOLE 502731 45400 462300
BELL ATLANTIC CORP DEFINED 12200 0 0
BERRY PETE CO DEFINED 1 144000 0 0
BERRY PETE CO SOLE 337500 46600 13500
BERRY PETE CO DEFINED 1300 0 0
BLOCK H & R INC SOLE 547900 20600 14000
BOWATER INC SOLE 525750 62100 52100
BOWATER INC DEFINED 68400 0 0
BOYDS COLLECTION LTD DEFINED 1 147300 0 0
BOYDS COLLECTION LTD SOLE 373700 43900 15500
BOYDS COLLECTION LTD DEFINED 2200 0 0
BRADY CORP SOLE 97400 0 0
BUILDING ONE SVCS CORP DEFINED 1200 0 0
BUILDING ONE SVCS CORP SOLE 766119 28882 19598
BURLINGTON COAT FACTORY WHSE DEFINED 1 188600 0 0
BURLINGTON COAT FACTORY WHSE SOLE 545000 56200 21700
BURLINGTON COAT FACTORY WHSE DEFINED 3400 0 0
BURLINGTON INDS INC NEW SOLE 28300 0 0
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
CIGNA CORP COM 125509109 10588 136175 SH
CIGNA CORP COM 125509109 58446 751715 SH
CIGNA CORP COM 125509109 832 10700 SH
CNA FINL CORP COM 126117100 11274 322100 SH
CNA SURETY CORP COM 12612L108 1773 135100 SH
CNA SURETY CORP COM 12612L108 12 900 SH
CNA SURETY CORP COM 12612L108 3779 287900 SH
CADILLAC FAIRVIEW CORP COM 126929207 8168 377700 SH
CAMBREX CORP COM 132011107 2649 100200 SH
CAMBREX CORP COM 132011107 8761 331400 SH
CAMBREX CORP COM 132011107 37 1400 SH
CAMDEN PPTY TR COM 133131102 3083 114700 SH
CAMERON ASHLEY BUILD PRD INC COM 133290106 68 7500 SH
CAMERON ASHLEY BUILD PRD INC COM 133290106 27 3000 SH
CANADIAN 88 ENERGY CORP COM 13566G509 14 6600 SH
CANADIAN 88 ENERGY CORP COM 13566G509 11 5000 SH
CAPITAL AUTOMOTIVE REIT COM 139733109 15 1200 SH
CAPITAL AUTOMOTIVE REIT COM 139733109 3498 282700 SH
CENTRAL & SOUTH WEST CORP COM 152357109 5818 275400 SH
CENTURY ALUM CO COM 156431108 1338 124500 SH
CHAMPION ENTERPRISES INC COM 158496109 10646 1182900 SH
CHAMPION ENTERPRISES INC COM 158496109 13 1400 SH
CHASE MANHATTAN CORP NEW COM 16161A108 51253 679979 SH
CHASE MANHATTAN CORP NEW COM 16161A108 709 9400 SH
CHEMED CORP COM 163596109 5022 166000 SH
CHEVRON CORP COM 166751107 2006 22600 SH
CHILDRENS PL RETAIL STORES I COM 168905107 1334 50100 SH
CHILDRENS PL RETAIL STORES I COM 168905107 4393 165000 SH
CHILDRENS PL RETAIL STORES I COM 168905107 32 1200 SH
CHRIS CRAFT INDS INC COM 170520100 54857 977405 SH
CHRIS CRAFT INDS INC COM 170520100 2639 47012 SH
CHUBB CORP COM 171232101 31585 636464 SH
CHUBB CORP COM 171232101 437 8800 SH
CHURCH & DWIGHT INC COM 171340102 1415 56600 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
CIGNA CORP DEFINED 2 136175 0 0
CIGNA CORP SOLE 395190 36200 320325
CIGNA CORP DEFINED 10700 0 0
CNA FINL CORP SOLE 303400 11000 7700
CNA SURETY CORP DEFINED 1 135100 0 0
CNA SURETY CORP DEFINED 900 0 0
CNA SURETY CORP SOLE 256000 31900 0
CADILLAC FAIRVIEW CORP SOLE 354200 14000 9500
CAMBREX CORP DEFINED 1 100200 0 0
CAMBREX CORP SOLE 291100 29000 11300
CAMBREX CORP DEFINED 1400 0 0
CAMDEN PPTY TR SOLE 107400 4500 2800
CAMERON ASHLEY BUILD PRD INC SOLE 7500 0 0
CAMERON ASHLEY BUILD PRD INC DEFINED 3000 0 0
CANADIAN 88 ENERGY CORP SOLE 6600 0 0
CANADIAN 88 ENERGY CORP DEFINED 5000 0 0
CAPITAL AUTOMOTIVE REIT DEFINED 1200 0 0
CAPITAL AUTOMOTIVE REIT SOLE 267200 9300 6200
CENTRAL & SOUTH WEST CORP SOLE 259100 9600 6700
CENTURY ALUM CO SOLE 124500 0 0
CHAMPION ENTERPRISES INC SOLE 1113200 41500 28200
CHAMPION ENTERPRISES INC DEFINED 1400 0 0
CHASE MANHATTAN CORP NEW SOLE 365079 33600 281300
CHASE MANHATTAN CORP NEW DEFINED 9400 0 0
CHEMED CORP SOLE 155700 6200 4100
CHEVRON CORP SOLE 19300 1900 1400
CHILDRENS PL RETAIL STORES I DEFINED 1 50100 0 0
CHILDRENS PL RETAIL STORES I SOLE 146100 13400 5500
CHILDRENS PL RETAIL STORES I DEFINED 1200 0 0
CHRIS CRAFT INDS INC SOLE 729387 64750 183268
CHRIS CRAFT INDS INC DEFINED 47012 0 0
CHUBB CORP SOLE 339364 31500 265600
CHUBB CORP DEFINED 8800 0 0
CHURCH & DWIGHT INC DEFINED 1 56600 0 0
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
CHURCH & DWIGHT INC COM 171340102 3930 157200 SH
CHURCH & DWIGHT INC COM 171340102 15 600 SH
CITIGROUP INC COM 172967101 138021 3136840 SH
CITIGROUP INC COM 172967101 1934 43950 SH
CLAYTON HOMES INC COM 184190106 184 21125 SH
COAST FED LITIGATION CONTIGE COM 19034Q110 21 20000 SH
COMMERCIAL FEDERAL CORP COM 201647104 652 33200 SH
COMMERCIAL NET LEASE RLTY COM 202218103 7 700 SH
COMMERCIAL NET LEASE RLTY COM 202218103 599 56336 SH
COMPASS BANCSHARES INC COM 20449H109 326 13050 SH
COMPUTER ASSOCIATE INTL INC COM 204912109 10025 164000 SH
COMPUTER ASSOCIATE INTL INC COM 204912109 42975 703068 SH
COMPUTER ASSOCIATE INTL INC COM 204912109 599 9800 SH
CONOCO INC COM 208251306 13752 495550 SH
CONOCO INC COM 208251306 22 800 SH
CONOCO INC COM 208251405 147396 5384324 SH
CONOCO INC COM 208251405 1529 55863 SH
CONSOLIDATED EDISON INC COM 209115104 10795 260125 SH
CONSOLIDATED EDISON INC COM 209115104 27088 652726 SH
CONSOLIDATED EDISON INC COM 209115104 303 7300 SH
CONSOLIDATED TOMOKA LD CO COM 210226106 2440 180743 SH
COUNTRYWIDE CR INDS INC COM 222372104 4202 130300 SH
COUNTRYWIDE CR INDS INC COM 222372104 71579 2219511 SH
COUNTRYWIDE CR INDS INC COM 222372104 2654 82300 SH
CRANE CO COM 224399105 38676 1723700 SH
CRANE CO COM 224399105 3776 168300 SH
CRESCENT R E EQUITIES INC PFD CNV 225756204 152 10100 SH
CRESCENT R E EQUITIES INC PFD CNV 225756204 5058 337200 SH
CROWN CORK & SEAL INC COM 228255105 24044 991500 SH
CROWN CORK & SEAL INC COM 228255105 2624 108200 SH
CURATIVE HEALTH SVCS INC COM 231264102 50 10600 SH
CURATIVE HEALTH SVCS INC COM 231264102 7 1500 SH
CYTEC INDS INC COM 232820100 3316 141100 SH
CYTEC INDS INC COM 232820100 10215 434700 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
CHURCH & DWIGHT INC SOLE 134200 14200 8800
CHURCH & DWIGHT INC DEFINED 600 0 0
CITIGROUP INC SOLE 1645840 152800 1338200
CITIGROUP INC DEFINED 43950 0 0
CLAYTON HOMES INC SOLE 21125 0 0
COAST FED LITIGATION CONTIGE SOLE 20000 0 0
COMMERCIAL FEDERAL CORP SOLE 33200 0 0
COMMERCIAL NET LEASE RLTY DEFINED 700 0 0
COMMERCIAL NET LEASE RLTY SOLE 52636 2200 1500
COMPASS BANCSHARES INC SOLE 13050 0 0
COMPUTER ASSOCIATE INTL INC DEFINED 2 164000 0 0
COMPUTER ASSOCIATE INTL INC SOLE 379168 34900 289000
COMPUTER ASSOCIATE INTL INC DEFINED 9800 0 0
CONOCO INC DEFINED 2 495550 0 0
CONOCO INC SOLE 800 0 0
CONOCO INC SOLE 3380535 246644 1757145
CONOCO INC DEFINED 55863 0 0
CONSOLIDATED EDISON INC DEFINED 2 260125 0 0
CONSOLIDATED EDISON INC SOLE 342726 29600 280400
CONSOLIDATED EDISON INC DEFINED 7300 0 0
CONSOLIDATED TOMOKA LD CO SOLE 169979 6406 4358
COUNTRYWIDE CR INDS INC DEFINED 2 130300 0 0
COUNTRYWIDE CR INDS INC SOLE 1330111 135000 754400
COUNTRYWIDE CR INDS INC DEFINED 82300 0 0
CRANE CO SOLE 1427700 173800 122200
CRANE CO DEFINED 168300 0 0
CRESCENT R E EQUITIES INC DEFINED 10100 0 0
CRESCENT R E EQUITIES INC SOLE 337200 0 0
CROWN CORK & SEAL INC SOLE 810600 98400 82500
CROWN CORK & SEAL INC DEFINED 108200 0 0
CURATIVE HEALTH SVCS INC SOLE 10600 0 0
CURATIVE HEALTH SVCS INC DEFINED 1500 0 0
CYTEC INDS INC DEFINED 1 141100 0 0
CYTEC INDS INC SOLE 377600 40300 16800
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
CYTEC INDS INC COM 232820100 61 2600 SH
DII GROUP INC COM 232949107 6467 183800 SH
DII GROUP INC COM 232949107 18931 538000 SH
DII GROUP INC COM 232949107 77 2200 SH
D R HORTON INC COM 23331A102 827 63900 SH
D R HORTON INC COM 23331A102 7557 584100 SH
D R HORTON INC COM 23331A102 554 42800 SH
DAL-TILE INTL INC COM 23426R108 2831 356600 SH
DAL-TILE INTL INC COM 23426R108 49 6200 SH
DAL-TILE INTL INC COM 23426R108 9442 1189500 SH
DANA CORP COM 235811106 260 7000 SH
DEAN FOODS CO COM 242361103 5485 125900 SH
DEAN FOODS CO COM 242361103 20087 461100 SH
DEAN FOODS CO COM 242361103 100 2300 SH
DELUXE CORP COM 248019101 15854 466300 SH
DELUXE CORP COM 248019101 14 400 SH
DEVON ENERGY CORP NEW COM 25179M103 25604 617900 SH
DEVON ENERGY CORP NEW COM 25179M103 2818 68000 SH
DEXTER CORP COM 252165105 3884 104100 SH
DEXTER CORP COM 252165105 10425 279400 SH
DEXTER CORP COM 252165105 60 1600 SH
DIAMOND OFFSHORE DRILLNG INC COM 25271C102 23445 702471 SH
DIAMOND OFFSHORE DRILLNG INC COM 25271C102 334 10000 SH
DILLARDS INC COM 254067101 512 25200 SH
DOMTAR INC COM 257561100 4274 414400 SH
DOMTAR INC COM 257561100 12894 1250300 SH
DOMTAR INC COM 257561100 71 6900 SH
DU PONT E I DE NEMOURS & CO COM 263534109 327 5400 SH
DURA AUTOMOTIVE SYS INC COM 265903104 570 23700 SH
DURA AUTOMOTIVE SYS INC COM 265903104 3504 145600 SH
DURA AUTOMOTIVE SYS INC COM 265903104 19 800 SH
ENI S P A COM 26874R108 14036 222800 SH
EOG RES INC COM 26875P101 39002 1835400 SH
EOG RES INC COM 26875P101 3100 145900 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
CYTEC INDS INC DEFINED 2600 0 0
DII GROUP INC DEFINED 1 183800 0 0
DII GROUP INC SOLE 474100 47700 16200
DII GROUP INC DEFINED 2200 0 0
D R HORTON INC DEFINED 1 63900 0 0
D R HORTON INC SOLE 462700 79200 42200
D R HORTON INC DEFINED 42800 0 0
DAL-TILE INTL INC DEFINED 1 356600 0 0
DAL-TILE INTL INC DEFINED 6200 0 0
DAL-TILE INTL INC SOLE 1042800 104800 41900
DANA CORP SOLE 1600 0 5400
DEAN FOODS CO DEFINED 1 125900 0 0
DEAN FOODS CO SOLE 398400 45500 17200
DEAN FOODS CO DEFINED 2300 0 0
DELUXE CORP SOLE 438600 16400 11300
DELUXE CORP DEFINED 400 0 0
DEVON ENERGY CORP NEW SOLE 504600 61400 51900
DEVON ENERGY CORP NEW DEFINED 68000 0 0
DEXTER CORP DEFINED 1 104100 0 0
DEXTER CORP SOLE 244400 28500 6500
DEXTER CORP DEFINED 1600 0 0
DIAMOND OFFSHORE DRILLNG INC SOLE 371571 35400 295500
DIAMOND OFFSHORE DRILLNG INC DEFINED 10000 0 0
DILLARDS INC SOLE 25200 0 0
DOMTAR INC DEFINED 1 414400 0 0
DOMTAR INC SOLE 1074900 123900 51500
DOMTAR INC DEFINED 6900 0 0
DU PONT E I DE NEMOURS & CO SOLE 5400 0 0
DURA AUTOMOTIVE SYS INC DEFINED 1 23700 0 0
DURA AUTOMOTIVE SYS INC SOLE 125700 14100 5800
DURA AUTOMOTIVE SYS INC DEFINED 800 0 0
ENI S P A SOLE 209500 7900 5400
EOG RES INC SOLE 1562100 150100 123200
EOG RES INC DEFINED 145900 0 0
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
EAST WEST BANCORP INC COM 27579R104 17881 1505800 SH
EDISON INTL COM 281020107 13994 575600 SH
EL PASO ELEC CO COM 283677854 6178 686400 SH
EL PASO ELEC CO COM 283677854 105 11700 SH
EL PASO ELEC CO COM 283677854 17215 1912800 SH
EL PASO ENERGY CORP DEL COM 283905107 6640 164975 SH
EL PASO ENERGY CORP DEL COM 283905107 47145 1171296 SH
EL PASO ENERGY CORP DEL COM 283905107 588 14600 SH
EMERSON ELEC CO COM 291011104 227 3600 SH
EQUITY INNS INC COM 294703103 5509 648104 SH
EQUITY OFFICE PPTYS TR COM 294741103 22938 986577 SH
EQUITY OFFICE PPTYS TR COM 294741103 344 14800 SH
EQUITY OFFICE PPTYS TR PFD CV B 294741509 114 2900 SH
EQUITY OFFICE PPTYS TR PFD CV B 294741509 11324 288500 SH
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 21185 499942 SH
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 305 7200 SH
EQUITY RESIDENTIAL PPTYS TR DEP REP 29476L85 114 5500 SH
EQUITY RESIDENTIAL PPTYS TR DEP REP 29476L85 7487 360800 SH
EVEREST REINS HLDGS INC COM 299808105 1414 59400 SH
EVEREST REINS HLDGS INC COM 299808105 41313 1734932 SH
EVEREST REINS HLDGS INC COM 299808105 2317 97292 SH
EXPEDITORS INTL WASH INC COM 302130109 14243 443800 SH
FBR ASSET INVT CORP COM 30241E303 5690 517300 SH
FAB INDS INC COM 302747100 467 35764 SH
FEDERAL HOME LN MTG CORP COM 313400301 662 12725 SH
FEDERAL HOME LN MTG CORP COM 313400301 139712 2686765 SH
FEDERAL HOME LN MTG CORP COM 313400301 1409 27100 SH
FEDERAL NATL MTG ASSN COM 313586109 10488 167300 SH
FEDERAL NATL MTG ASSN COM 313586109 70855 1130282 SH
FEDERAL NATL MTG ASSN COM 313586109 884 14100 SH
FEDERATED DEPT STORES INC DE COM 31410H101 4288 98150 SH
FEDERATED DEPT STORES INC DE COM 31410H101 19157 438508 SH
FEDERATED DEPT STORES INC DE COM 31410H101 262 6000 SH
FINL SEC ASSURN HLDGS LTD COM 31769P100 12663 245000 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
EAST WEST BANCORP INC SOLE 1420100 51600 34100
EDISON INTL SOLE 541300 20300 14000
EL PASO ELEC CO DEFINED 1 686400 0 0
EL PASO ELEC CO DEFINED 11700 0 0
EL PASO ELEC CO SOLE 1649400 186100 77300
EL PASO ENERGY CORP DEL DEFINED 2 164975 0 0
EL PASO ENERGY CORP DEL SOLE 638896 54800 477600
EL PASO ENERGY CORP DEL DEFINED 14600 0 0
EMERSON ELEC CO SOLE 0 0 3600
EQUITY INNS INC SOLE 609504 23000 15600
EQUITY OFFICE PPTYS TR SOLE 536077 47800 402700
EQUITY OFFICE PPTYS TR DEFINED 14800 0 0
EQUITY OFFICE PPTYS TR DEFINED 2900 0 0
EQUITY OFFICE PPTYS TR SOLE 288500 0 0
EQUITY RESIDENTIAL PPTYS TR SOLE 265642 24900 209400
EQUITY RESIDENTIAL PPTYS TR DEFINED 7200 0 0
EQUITY RESIDENTIAL PPTYS TR DEFINED 5500 0 0
EQUITY RESIDENTIAL PPTYS TR SOLE 360800 0 0
EVEREST REINS HLDGS INC DEFINED 1 59400 0 0
EVEREST REINS HLDGS INC SOLE 1203882 134400 396650
EVEREST REINS HLDGS INC DEFINED 97292 0 0
EXPEDITORS INTL WASH INC SOLE 417200 15600 11000
FBR ASSET INVT CORP SOLE 485100 19900 12300
FAB INDS INC SOLE 33464 1400 900
FEDERAL HOME LN MTG CORP DEFINED 2 12725 0 0
FEDERAL HOME LN MTG CORP SOLE 1753365 122200 811200
FEDERAL HOME LN MTG CORP DEFINED 27100 0 0
FEDERAL NATL MTG ASSN DEFINED 2 167300 0 0
FEDERAL NATL MTG ASSN SOLE 653457 54800 422025
FEDERAL NATL MTG ASSN DEFINED 14100 0 0
FEDERATED DEPT STORES INC DE DEFINED 2 98150 0 0
FEDERATED DEPT STORES INC DE SOLE 238408 22700 177400
FEDERATED DEPT STORES INC DE DEFINED 6000 0 0
FINL SEC ASSURN HLDGS LTD SOLE 230600 8500 5900
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
FINL SEC ASSURN HLDGS LTD COM 31769P100 10 200 SH
FLEET FINL GROUP INC NEW COM 338915101 12133 331275 SH
FLEET FINL GROUP INC NEW COM 338915101 46928 1281320 SH
FLEET FINL GROUP INC NEW COM 338915101 634 17300 SH
FLETCHER CHALLENGE ENRG DIV COM 339318107 1805 73300 SH
FLETCHER CHALLENGE ENRG DIV COM 339318107 4240 172200 SH
FLETCHER CHALLENGE ENRG DIV COM 339318107 30 1200 SH
FOOTSTAR INC COM 344912100 2401 68100 SH
FOOTSTAR INC COM 344912100 8164 231600 SH
FOOTSTAR INC COM 344912100 35 1000 SH
FORD MTR CO DEL COM 345370100 7093 141150 SH
FORD MTR CO DEL COM 345370100 69793 1388912 SH
FORD MTR CO DEL COM 345370100 779 15500 SH
FOREST OIL CORP COM 346091606 4194 245800 SH
FOREST OIL CORP COM 346091606 11055 647900 SH
FOREST OIL CORP COM 346091606 55 3200 SH
FOUNDATION HEALTH SYS INC COM 350404109 11574 1226400 SH
FOUNDATION HEALTH SYS INC COM 350404109 1382 146400 SH
FRONTIER INS GROUP INC NEW COM 359081106 2362 269900 SH
FRONTIER INS GROUP INC NEW COM 359081106 9700 1108570 SH
FRONTIER INS GROUP INC NEW COM 359081106 35 4000 SH
GC COS INC COM 36155Q109 5964 198800 SH
GTE CORP COM 362320103 119283 1551645 SH
GTE CORP COM 362320103 1322 17200 SH
GABLES RESIDENTIAL TR COM 362418105 1423 59300 SH
GALILEO INTL INC COM 363547100 29455 731800 SH
GENERAL MLS INC COM 370334104 8131 100225 SH
GENERAL MLS INC COM 370334104 41365 509888 SH
GENERAL MLS INC COM 370334104 576 7100 SH
GIANT CEM HLDG INC COM 374450104 16 700 SH
GIANT CEM HLDG INC COM 374450104 745 32500 SH
GOLDEN ST BANCORP INC COM 381197102 32079 1788400 SH
GOLDEN ST BANCORP INC COM 381197102 3675 204900 SH
GOLDEN ST BANCORP INC LTGTN TR 381197136 8 6450 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
FINL SEC ASSURN HLDGS LTD DEFINED 200 0 0
FLEET FINL GROUP INC NEW DEFINED 2 331275 0 0
FLEET FINL GROUP INC NEW SOLE 688320 64200 528800
FLEET FINL GROUP INC NEW DEFINED 17300 0 0
FLETCHER CHALLENGE ENRG DIV DEFINED 1 73300 0 0
FLETCHER CHALLENGE ENRG DIV SOLE 142500 21000 8700
FLETCHER CHALLENGE ENRG DIV DEFINED 1200 0 0
FOOTSTAR INC DEFINED 1 68100 0 0
FOOTSTAR INC SOLE 203500 20600 7500
FOOTSTAR INC DEFINED 1000 0 0
FORD MTR CO DEL DEFINED 2 141150 0 0
FORD MTR CO DEL SOLE 854912 64800 469200
FORD MTR CO DEL DEFINED 15500 0 0
FOREST OIL CORP DEFINED 1 245800 0 0
FOREST OIL CORP SOLE 553900 67400 26600
FOREST OIL CORP DEFINED 3200 0 0
FOUNDATION HEALTH SYS INC SOLE 1002400 123000 101000
FOUNDATION HEALTH SYS INC DEFINED 146400 0 0
FRONTIER INS GROUP INC NEW DEFINED 1 269900 0 0
FRONTIER INS GROUP INC NEW SOLE 983050 83860 41660
FRONTIER INS GROUP INC NEW DEFINED 4000 0 0
GC COS INC SOLE 186700 7200 4900
GTE CORP SOLE 909645 68200 573800
GTE CORP DEFINED 17200 0 0
GABLES RESIDENTIAL TR SOLE 55800 2100 1400
GALILEO INTL INC SOLE 688200 26000 17600
GENERAL MLS INC DEFINED 2 100225 0 0
GENERAL MLS INC SOLE 281288 25900 202700
GENERAL MLS INC DEFINED 7100 0 0
GIANT CEM HLDG INC DEFINED 700 0 0
GIANT CEM HLDG INC SOLE 32500 0 0
GOLDEN ST BANCORP INC SOLE 1456600 180000 151800
GOLDEN ST BANCORP INC DEFINED 204900 0 0
GOLDEN ST BANCORP INC DEFINED 6450 0 0
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
GOLDEN ST BANCORP INC LTGTN TR 381197136 4816 4055904 SH
GRAND UN CO COM 386532402 5475 400900 SH
GRAND UN CO COM 386532402 15808 1157600 SH
GRAND UN CO COM 386532402 82 6000 SH
GRANITE BROADCASTING CORP COM 387241102 520 46700 SH
GRIFFON CORP COM 398433102 12 1500 SH
GRIFFON CORP COM 398433102 1031 128900 SH
HMT TECHNOLOGY CORP SBNTCV14 403917AD9 28 74000 SH
HMT TECHNOLOGY CORP SBNTCV14 403917AD9 1245 3276000 SH
HALL KINION & ASSOCS INC COM 406069104 130 11100 SH
HALL KINION & ASSOCS INC COM 406069104 52 4400 SH
HALLIBURTON CO COM 406216101 11130 271475 SH
HALLIBURTON CO COM 406216101 56961 1389299 SH
HALLIBURTON CO COM 406216101 787 19200 SH
HANNAFORD BROS CO COM 410550107 64461 915150 SH
HANNAFORD BROS CO COM 410550107 7678 109000 SH
HARCOURT GEN INC COM 41163G101 4892 117525 SH
HARCOURT GEN INC COM 41163G101 115202 2767608 SH
HARCOURT GEN INC COM 41163G101 4396 105600 SH
HARRAHS ENTMT INC COM 413619107 27445 989000 SH
HARRAHS ENTMT INC COM 413619107 3077 110900 SH
HASBRO INC COM 418056107 16306 758400 SH
HASBRO INC COM 418056107 1763 82000 SH
HEWLETT PACKARD CO COM 428236103 399 4400 SH
HIGHLANDS INS GROUP INC COM 431032101 4407 476400 SH
HITACHI LTD COM 433578507 45926 420857 SH
HITACHI LTD COM 433578507 764 7000 SH
HOME PPTYS NY INC COM 437306103 1529 57292 SH
HOMEBASE INC COM 43738E108 2362 599800 SH
HOMEBASE INC COM 43738E108 6427 1632200 SH
HOMEBASE INC COM 43738E108 30 7500 SH
HUDSON CITY BANCORP INC COM 443683107 982 71400 SH
HUGHES SUPPLY INC COM 444482103 394 18100 SH
HUGHES SUPPLY INC COM 444482103 1018 46800 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
GOLDEN ST BANCORP INC SOLE 3814872 142707 98325
GRAND UN CO DEFINED 1 400900 0 0
GRAND UN CO SOLE 999100 108600 49900
GRAND UN CO DEFINED 6000 0 0
GRANITE BROADCASTING CORP SOLE 46700 0 0
GRIFFON CORP DEFINED 1500 0 0
GRIFFON CORP SOLE 122800 6100 0
HMT TECHNOLOGY CORP DEFINED 74000 0 0
HMT TECHNOLOGY CORP SOLE 2693000 0 583000
HALL KINION & ASSOCS INC SOLE 11100 0 0
HALL KINION & ASSOCS INC DEFINED 4400 0 0
HALLIBURTON CO DEFINED 2 271475 0 0
HALLIBURTON CO SOLE 724699 62900 601700
HALLIBURTON CO DEFINED 19200 0 0
HANNAFORD BROS CO SOLE 735050 98200 81900
HANNAFORD BROS CO DEFINED 109000 0 0
HARCOURT GEN INC DEFINED 2 117525 0 0
HARCOURT GEN INC SOLE 1747908 185700 834000
HARCOURT GEN INC DEFINED 105600 0 0
HARRAHS ENTMT INC SOLE 804100 101900 83000
HARRAHS ENTMT INC DEFINED 110900 0 0
HASBRO INC SOLE 621500 76200 60700
HASBRO INC DEFINED 82000 0 0
HEWLETT PACKARD CO SOLE 4400 0 0
HIGHLANDS INS GROUP INC SOLE 447200 17400 11800
HITACHI LTD SOLE 242657 27900 150300
HITACHI LTD DEFINED 7000 0 0
HOME PPTYS NY INC SOLE 53892 2000 1400
HOMEBASE INC DEFINED 1 599800 0 0
HOMEBASE INC SOLE 1383200 193100 55900
HOMEBASE INC DEFINED 7500 0 0
HUDSON CITY BANCORP INC SOLE 71400 0 0
HUGHES SUPPLY INC DEFINED 1 18100 0 0
HUGHES SUPPLY INC SOLE 42600 4200 0
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
IMC GLOBAL INC COM 449669100 285 19600 SH
IMC GLOBAL INC COM 449669100 12 800 SH
IMC GLOBAL INC WT 12-31 449669118 0 1 SH
ITLA CAP CORP COM 450565106 16 1100 SH
ITLA CAP CORP COM 450565106 1476 100100 SH
IDEXX LABORATORIES CORP COM 45168D104 1689 98100 SH
IDEXX LABORATORIES CORP COM 45168D104 5229 303700 SH
IDEXX LABORATORIES CORP COM 45168D104 33 1900 SH
IMPERIAL BANCORP COM 452556103 2639 124200 SH
IMPERIAL BANCORP COM 452556103 8279 389600 SH
IMPERIAL BANCORP COM 452556103 26 1200 SH
IMPERIAL CR COML MTG INVT CO COM 45272T102 21 1900 SH
IMPERIAL CR COML MTG INVT CO COM 45272T102 11758 1068900 SH
INGERSOLL RAND CO COM 456866102 7396 134625 SH
INGERSOLL RAND CO COM 456866102 43685 795178 SH
INGERSOLL RAND CO COM 456866102 544 9900 SH
INTEGRATED HEALTH SVCS INC SBDBCV05 45812CAE2 783 7280000 SH
INTERNATIONAL BUSINESS MACHS COM 459200101 34674 286563 SH
INTERNATIONAL BUSINESS MACHS COM 459200101 496 4100 SH
INTERNATIONAL HOME FOODS INC COM 459655106 15691 896600 SH
INTERNATIONAL HOME FOODS INC COM 459655106 1621 92600 SH
INTERNATIONAL PAPER CO COM 460146103 84424 1756541 SH
INTERNATIONAL PAPER CO COM 460146103 1158 24100 SH
IVAX CORP COM 465823102 5270 319400 SH
IVAX CORP COM 465823102 38747 2348300 SH
IVAX CORP COM 465823102 2015 122100 SH
IVEX PACKAGING CORP DEL COM 465855104 627 62700 SH
IVEX PACKAGING CORP DEL COM 465855104 1770 177000 SH
IVEX PACKAGING CORP DEL COM 465855104 10 1000 SH
JONES APPAREL GROUP INC COM 480074103 50025 1740000 SH
JONES APPAREL GROUP INC COM 480074103 4129 143600 SH
JOSTENS INC COM 481088102 7277 380500 SH
KAISER ALUM CORP COM 483007100 2304 277200 SH
KAISER ALUM CORP COM 483007100 6721 808500 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
IMC GLOBAL INC SOLE 19600 0 0
IMC GLOBAL INC DEFINED 800 0 0
IMC GLOBAL INC SOLE 0 0 1
ITLA CAP CORP DEFINED 1100 0 0
ITLA CAP CORP SOLE 94000 3500 2600
IDEXX LABORATORIES CORP DEFINED 1 98100 0 0
IDEXX LABORATORIES CORP SOLE 265400 27300 11000
IDEXX LABORATORIES CORP DEFINED 1900 0 0
IMPERIAL BANCORP DEFINED 1 124200 0 0
IMPERIAL BANCORP SOLE 348100 31800 9700
IMPERIAL BANCORP DEFINED 1200 0 0
IMPERIAL CR COML MTG INVT CO DEFINED 1900 0 0
IMPERIAL CR COML MTG INVT CO SOLE 1005300 37600 26000
INGERSOLL RAND CO DEFINED 2 134625 0 0
INGERSOLL RAND CO SOLE 426878 39100 329200
INGERSOLL RAND CO DEFINED 9900 0 0
INTEGRATED HEALTH SVCS INC SOLE 6790000 320000 170000
INTERNATIONAL BUSINESS MACHS SOLE 151963 14100 120500
INTERNATIONAL BUSINESS MACHS DEFINED 4100 0 0
INTERNATIONAL HOME FOODS INC SOLE 743600 78800 74200
INTERNATIONAL HOME FOODS INC DEFINED 92600 0 0
INTERNATIONAL PAPER CO SOLE 934941 85900 735700
INTERNATIONAL PAPER CO DEFINED 24100 0 0
IVAX CORP DEFINED 1 319400 0 0
IVAX CORP SOLE 1960300 238300 149700
IVAX CORP DEFINED 122100 0 0
IVEX PACKAGING CORP DEL DEFINED 1 62700 0 0
IVEX PACKAGING CORP DEL SOLE 155000 15000 7000
IVEX PACKAGING CORP DEL DEFINED 1000 0 0
JONES APPAREL GROUP INC SOLE 1276700 135200 328100
JONES APPAREL GROUP INC DEFINED 143600 0 0
JOSTENS INC SOLE 357800 13400 9300
KAISER ALUM CORP DEFINED 1 277200 0 0
KAISER ALUM CORP SOLE 701100 73800 33600
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
KAISER ALUM CORP COM 483007100 33 4000 SH
KEEBLER FOODS CO COM 487256109 18403 616000 SH
KEEBLER FOODS CO COM 487256109 1948 65200 SH
KELLY SVCS INC COM 488152208 16400 544400 SH
KERR MCGEE CORP COM 492386107 55750 1012489 SH
KERR MCGEE CORP COM 492386107 2409 43751 SH
KERR MCGEE CORP DECS 5.5 492386305 7765 199100 SH
KIMBERLY CLARK CORP COM 494368103 7744 146800 SH
KIMBERLY CLARK CORP COM 494368103 84165 1595536 SH
KIMBERLY CLARK CORP COM 494368103 1161 22000 SH
KNIGHT RIDDER INC COM 499040103 21852 397312 SH
KNIGHT RIDDER INC COM 499040103 314 5700 SH
KRANZCO RLTY TR COM 50076E103 1002 98944 SH
LNR PPTY CORP COM 501940100 19438 954000 SH
LTC PPTYS INC COM 502175102 1679 158028 SH
LAFARGE CORP COM 505862102 8538 266800 SH
LAFARGE CORP COM 505862102 925 28900 SH
LANDAMERICA FINL GROUP INC COM 514936103 296 15000 SH
LANDAMERICA FINL GROUP INC COM 514936103 1049 53100 SH
LEGG MASON INC COM 524901105 3954 103200 SH
LEGG MASON INC COM 524901105 12203 318500 SH
LEGG MASON INC COM 524901105 57 1500 SH
LEHMAN BROTHERS HLDGS INC COM 524908100 23005 394089 SH
LEHMAN BROTHERS HLDGS INC COM 524908100 321 5500 SH
LENNAR CORP COM 526057104 198 12400 SH
LEUCADIA NATL CORP COM 527288104 13358 636100 SH
LIBBEY INC COM 529898108 2037 68900 SH
LIBBEY INC COM 529898108 5493 185800 SH
LIBBEY INC COM 529898108 15 500 SH
LIBERTY PPTY TR COM 531172104 2890 127400 SH
LIFEPOINT HOSPS INC COM 53219L109 1714 197300 SH
LIFEPOINT HOSPS INC COM 53219L109 5124 589800 SH
LIFEPOINT HOSPS INC COM 53219L109 24 2800 SH
LINCARE HLDGS INC COM 532791100 2439 91500 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
KAISER ALUM CORP DEFINED 4000 0 0
KEEBLER FOODS CO SOLE 505000 61400 49600
KEEBLER FOODS CO DEFINED 65200 0 0
KELLY SVCS INC SOLE 512000 19200 13200
KERR MCGEE CORP SOLE 616335 64590 331564
KERR MCGEE CORP DEFINED 43751 0 0
KERR MCGEE CORP SOLE 187100 7000 5000
KIMBERLY CLARK CORP DEFINED 2 146800 0 0
KIMBERLY CLARK CORP SOLE 851836 78800 664900
KIMBERLY CLARK CORP DEFINED 22000 0 0
KNIGHT RIDDER INC SOLE 205912 20600 170800
KNIGHT RIDDER INC DEFINED 5700 0 0
KRANZCO RLTY TR SOLE 92844 3700 2400
LNR PPTY CORP SOLE 897200 33800 23000
LTC PPTYS INC SOLE 148728 5500 3800
LAFARGE CORP SOLE 218400 26300 22100
LAFARGE CORP DEFINED 28900 0 0
LANDAMERICA FINL GROUP INC DEFINED 1 15000 0 0
LANDAMERICA FINL GROUP INC SOLE 46400 6100 600
LEGG MASON INC DEFINED 1 103200 0 0
LEGG MASON INC SOLE 277200 30700 10600
LEGG MASON INC DEFINED 1500 0 0
LEHMAN BROTHERS HLDGS INC SOLE 211489 19500 163100
LEHMAN BROTHERS HLDGS INC DEFINED 5500 0 0
LENNAR CORP SOLE 12400 0 0
LEUCADIA NATL CORP SOLE 595600 23700 16800
LIBBEY INC DEFINED 1 68900 0 0
LIBBEY INC SOLE 158000 18200 9600
LIBBEY INC DEFINED 500 0 0
LIBERTY PPTY TR SOLE 119300 4900 3200
LIFEPOINT HOSPS INC DEFINED 1 197300 0 0
LIFEPOINT HOSPS INC SOLE 512600 53000 24200
LIFEPOINT HOSPS INC DEFINED 2800 0 0
LINCARE HLDGS INC DEFINED 1 91500 0 0
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
LINCARE HLDGS INC COM 532791100 9786 367100 SH
LINCARE HLDGS INC COM 532791100 45 1700 SH
LITTON INDS INC COM 538021106 145204 2652122 SH
LITTON INDS INC COM 538021106 7152 130636 SH
LIZ CLAIBORNE INC COM 539320101 23420 755473 SH
LIZ CLAIBORNE INC COM 539320101 623 20100 SH
LOCAL FINL CORP COM 539553107 6 600 SH
LOCAL FINL CORP COM 539553107 1288 139200 SH
LOCKHEED MARTIN CORP COM 539830109 6253 191300 SH
LOEWS CORP COM 540424108 9958 141875 SH
LOEWS CORP COM 540424108 143607 2046052 SH
LOEWS CORP COM 540424108 1281 18250 SH
LONE STAR INDS INC COM 542290408 5541 111100 SH
LONE STAR INDS INC COM 542290408 15805 316900 SH
LONE STAR INDS INC COM 542290408 80 1600 SH
LOUIS DREYFUS NAT GAS CORP COM 546011107 1932 90100 SH
LOUIS DREYFUS NAT GAS CORP COM 546011107 5413 252500 SH
LOUIS DREYFUS NAT GAS CORP COM 546011107 30 1400 SH
LOUISIANA PAC CORP COM 546347105 8461 541500 SH
LUFKIN INDS INC COM 549764108 710 46540 SH
MCI WORLDCOM INC COM 55268B106 32330 449811 SH
MACK CALI RLTY CORP COM 554489104 11445 426858 SH
MACK CALI RLTY CORP COM 554489104 174 6500 SH
MACMILLAN BLOEDEL LTD COM 554783209 5078 323700 SH
MACMILLAN BLOEDEL LTD COM 554783209 1471 93800 SH
MANDALAY RESORT GROUP COM 562567107 12616 638800 SH
MANDALAY RESORT GROUP COM 562567107 1238 62700 SH
MARK IV INDS INC COM 570387100 1550 78500 SH
MARK IV INDS INC COM 570387100 4580 231900 SH
MARK IV INDS INC COM 570387100 24 1200 SH
MARSH & MCLENNAN COS INC COM 571748102 8700 127000 SH
MAXTOR CORP COM 577729206 1560 236600 SH
MAXTOR CORP COM 577729206 5200 788700 SH
MAXTOR CORP COM 577729206 34 5200 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
LINCARE HLDGS INC SOLE 320800 33100 13200
LINCARE HLDGS INC DEFINED 1700 0 0
LITTON INDS INC SOLE 1959872 180300 511950
LITTON INDS INC DEFINED 130636 0 0
LIZ CLAIBORNE INC SOLE 502844 51000 201629
LIZ CLAIBORNE INC DEFINED 20100 0 0
LOCAL FINL CORP DEFINED 600 0 0
LOCAL FINL CORP SOLE 139200 0 0
LOCKHEED MARTIN CORP SOLE 179600 6900 4800
LOEWS CORP DEFINED 2 141875 0 0
LOEWS CORP SOLE 1377852 95600 572600
LOEWS CORP DEFINED 18250 0 0
LONE STAR INDS INC DEFINED 1 111100 0 0
LONE STAR INDS INC SOLE 273600 30600 12700
LONE STAR INDS INC DEFINED 1600 0 0
LOUIS DREYFUS NAT GAS CORP DEFINED 1 90100 0 0
LOUIS DREYFUS NAT GAS CORP SOLE 215700 26600 10200
LOUIS DREYFUS NAT GAS CORP DEFINED 1400 0 0
LOUISIANA PAC CORP SOLE 508200 19700 13600
LUFKIN INDS INC SOLE 43420 1820 1300
MCI WORLDCOM INC SOLE 422874 15981 10956
MACK CALI RLTY CORP SOLE 227458 21300 178100
MACK CALI RLTY CORP DEFINED 6500 0 0
MACMILLAN BLOEDEL LTD SOLE 318000 0 5700
MACMILLAN BLOEDEL LTD DEFINED 93800 0 0
MANDALAY RESORT GROUP SOLE 523000 63000 52800
MANDALAY RESORT GROUP DEFINED 62700 0 0
MARK IV INDS INC DEFINED 1 78500 0 0
MARK IV INDS INC SOLE 199400 23900 8600
MARK IV INDS INC DEFINED 1200 0 0
MARSH & MCLENNAN COS INC SOLE 47900 1600 77500
MAXTOR CORP DEFINED 1 236600 0 0
MAXTOR CORP SOLE 689700 72400 26600
MAXTOR CORP DEFINED 5200 0 0
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
MAXWELL SHOE INC COM 577766108 86 9800 SH
MAXWELL SHOE INC COM 577766108 28 3200 SH
MEDIAONE GROUP INC COM 58440J104 71611 1048282 SH
MEDIAONE GROUP INC COM 58440J104 909 13300 SH
MEDIAONE GROUP INC COM 58440J203 21776 161300 SH
MEDITRUST COM 58501T306 4566 537175 SH
MEDITRUST COM 58501T306 8 900 SH
MERCHANTS GROUP INC COM 588539106 1155 50484 SH
MEREDITH CORP COM 589433101 11831 325800 SH
MEREDITH CORP COM 589433101 1351 37200 SH
MERISTAR HOSPITALITY CORP COM 58984Y103 13214 859451 SH
MERISTAR HOSPITALITY CORP COM 58984Y103 99 6430 SH
MICHAELS STORES INC COM 594087108 4192 142100 SH
MICHAELS STORES INC COM 594087108 14054 476400 SH
MICHAELS STORES INC COM 594087108 71 2400 SH
MICRO LINEAR CORP COM 594850109 111 24600 SH
MICRO LINEAR CORP COM 594850109 38 8500 SH
MID-AMER APT CMNTYS INC COM 59522J103 1446 67236 SH
MOBIL CORP COM 607059102 54247 538434 SH
MOBIL CORP COM 607059102 746 7400 SH
MONDAVI ROBERT CORP COM 609200100 2701 71900 SH
MONDAVI ROBERT CORP COM 609200100 7497 199600 SH
MONDAVI ROBERT CORP COM 609200100 19 500 SH
MOOG INC COM 615394202 2818 97600 SH
MOOG INC COM 615394202 8674 300400 SH
MOOG INC COM 615394202 43 1500 SH
MORGAN STANLEY DEAN WITTER COM 617446448 6413 71900 SH
MORGAN STANLEY DEAN WITTER COM 617446448 44471 498619 SH
MORGAN STANLEY DEAN WITTER COM 617446448 624 7000 SH
NABISCO HLDGS CORP COM 629526104 7982 230950 SH
NABISCO HLDGS CORP COM 629526104 61715 1785600 SH
NABISCO HLDGS CORP COM 629526104 847 24500 SH
NATIONAL PRESTO INDS INC COM 637215104 2978 77100 SH
NATIONAL SEMICONDUCTOR CORP COM 637640103 88282 2888584 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
MAXWELL SHOE INC SOLE 9800 0 0
MAXWELL SHOE INC DEFINED 3200 0 0
MEDIAONE GROUP INC SOLE 553957 50000 444325
MEDIAONE GROUP INC DEFINED 13300 0 0
MEDIAONE GROUP INC SOLE 152300 5000 4000
MEDITRUST SOLE 505600 18700 12875
MEDITRUST DEFINED 900 0 0
MERCHANTS GROUP INC SOLE 47184 2000 1300
MEREDITH CORP SOLE 266800 30400 28600
MEREDITH CORP DEFINED 37200 0 0
MERISTAR HOSPITALITY CORP SOLE 526455 38654 294342
MERISTAR HOSPITALITY CORP DEFINED 6430 0 0
MICHAELS STORES INC DEFINED 1 142100 0 0
MICHAELS STORES INC SOLE 412600 46300 17500
MICHAELS STORES INC DEFINED 2400 0 0
MICRO LINEAR CORP SOLE 24600 0 0
MICRO LINEAR CORP DEFINED 8500 0 0
MID-AMER APT CMNTYS INC SOLE 63036 2500 1700
MOBIL CORP SOLE 287059 26500 224875
MOBIL CORP DEFINED 7400 0 0
MONDAVI ROBERT CORP DEFINED 1 71900 0 0
MONDAVI ROBERT CORP SOLE 176300 19100 4200
MONDAVI ROBERT CORP DEFINED 500 0 0
MOOG INC DEFINED 1 97600 0 0
MOOG INC SOLE 262900 28600 8900
MOOG INC DEFINED 1500 0 0
MORGAN STANLEY DEAN WITTER DEFINED 2 71900 0 0
MORGAN STANLEY DEAN WITTER SOLE 264219 24400 210000
MORGAN STANLEY DEAN WITTER DEFINED 7000 0 0
NABISCO HLDGS CORP DEFINED 2 230950 0 0
NABISCO HLDGS CORP SOLE 946500 87200 751900
NABISCO HLDGS CORP DEFINED 24500 0 0
NATIONAL PRESTO INDS INC SOLE 72000 3100 2000
NATIONAL SEMICONDUCTOR CORP SOLE 2134584 207000 547000
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
NATIONAL SEMICONDUCTOR CORP COM 637640103 5040 164900 SH
NATIONAL SEMICONDUCTOR CORP SNTCV-6 637640AB9 63 64000 SH
NATIONAL SEMICONDUCTOR CORP SNTCV-6 637640AB9 2892 2936000 SH
NATIONWIDE HLTH PPTYS COM 638620104 3458 208000 SH
NAUTICA ENTERPRISES INC COM 639089101 13061 810000 SH
NAUTICA ENTERPRISES INC COM 639089101 31 1900 SH
NEIMAN MARCUS GROUP INC COM 640204103 3116 133300 SH
NEIMAN MARCUS GROUP INC COM 640204103 8520 364500 SH
NEIMAN MARCUS GROUP INC COM 640204103 42 1800 SH
NEW YORK TIMES CO COM 650111107 5705 152125 SH
NEW YORK TIMES CO COM 650111107 34181 911481 SH
NEW YORK TIMES CO COM 650111107 480 12800 SH
NEWBRIDGE NETWORKS CORP COM 650901101 9356 359000 SH
NEWBRIDGE NETWORKS CORP COM 650901101 1890 72500 SH
NEWPORT NEWS SHIPBLDING INC COM 652228107 7849 242900 SH
NEWPORT NEWS SHIPBLDING INC COM 652228107 72217 2234950 SH
NEWPORT NEWS SHIPBLDING INC COM 652228107 5490 169900 SH
NIAGARA MOHAWK HLDGS INC COM 653520106 97089 6238620 SH
NIAGARA MOHAWK HLDGS INC COM 653520106 3861 248100 SH
NIPPON TELEG & TEL CORP COM 654624105 35223 570986 SH
NIPPON TELEG & TEL CORP COM 654624105 716 11600 SH
NOBLE DRILLING CORP COM 655042109 22440 1025807 SH
NOBLE DRILLING CORP COM 655042109 306 14000 SH
NORTH FORK BANCORP INC N Y COM 659424105 16349 838400 SH
NORTH FORK BANCORP INC N Y COM 659424105 1903 97600 SH
NORTHROP GRUMMAN CORP COM 666807102 95991 1510184 SH
NORTHROP GRUMMAN CORP COM 666807102 6871 108100 SH
OCCIDENTAL PETE CORP COM 674599105 42691 1846099 SH
OCCIDENTAL PETE CORP COM 674599105 631 27300 SH
OCEAN ENERGY INC COM 67481E106 3430 336700 SH
OCEAN ENERGY INC COM 67481E106 10696 1049900 SH
OCEAN ENERGY INC COM 67481E106 62 6100 SH
OFFICE DEPOT INC COM 676220106 27041 2575322 SH
OFFICE DEPOT INC COM 676220106 353 33600 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
NATIONAL SEMICONDUCTOR CORP DEFINED 164900 0 0
NATIONAL SEMICONDUCTOR CORP DEFINED 64000 0 0
NATIONAL SEMICONDUCTOR CORP SOLE 2386000 0 550000
NATIONWIDE HLTH PPTYS SOLE 194600 8100 5300
NAUTICA ENTERPRISES INC SOLE 762300 28300 19400
NAUTICA ENTERPRISES INC DEFINED 1900 0 0
NEIMAN MARCUS GROUP INC DEFINED 1 133300 0 0
NEIMAN MARCUS GROUP INC SOLE 312000 35900 16600
NEIMAN MARCUS GROUP INC DEFINED 1800 0 0
NEW YORK TIMES CO DEFINED 2 152125 0 0
NEW YORK TIMES CO SOLE 486381 45200 379900
NEW YORK TIMES CO DEFINED 12800 0 0
NEWBRIDGE NETWORKS CORP SOLE 287000 22000 50000
NEWBRIDGE NETWORKS CORP DEFINED 72500 0 0
NEWPORT NEWS SHIPBLDING INC DEFINED 1 242900 0 0
NEWPORT NEWS SHIPBLDING INC SOLE 1855450 233800 145700
NEWPORT NEWS SHIPBLDING INC DEFINED 169900 0 0
NIAGARA MOHAWK HLDGS INC SOLE 4705220 399500 1133900
NIAGARA MOHAWK HLDGS INC DEFINED 248100 0 0
NIPPON TELEG & TEL CORP SOLE 326786 37600 206600
NIPPON TELEG & TEL CORP DEFINED 11600 0 0
NOBLE DRILLING CORP SOLE 553307 50600 421900
NOBLE DRILLING CORP DEFINED 14000 0 0
NORTH FORK BANCORP INC N Y SOLE 675500 88800 74100
NORTH FORK BANCORP INC N Y DEFINED 97600 0 0
NORTHROP GRUMMAN CORP SOLE 1068384 120900 320900
NORTHROP GRUMMAN CORP DEFINED 108100 0 0
OCCIDENTAL PETE CORP SOLE 996299 83300 766500
OCCIDENTAL PETE CORP DEFINED 27300 0 0
OCEAN ENERGY INC DEFINED 1 336700 0 0
OCEAN ENERGY INC SOLE 900600 104800 44500
OCEAN ENERGY INC DEFINED 6100 0 0
OFFICE DEPOT INC SOLE 1335872 121700 1117750
OFFICE DEPOT INC DEFINED 33600 0 0
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
OGDEN CORP COM 676346109 1628 156900 SH
OGDEN CORP COM 676346109 5087 490300 SH
OGDEN CORP COM 676346109 27 2600 SH
OLD REP INTL CORP COM 680223104 436 30200 SH
PECO ENERGY CO COM 693304107 11700 312000 SH
PECO ENERGY CO COM 693304107 55595 1482541 SH
PECO ENERGY CO COM 693304107 758 20200 SH
PSC INC COM 69361E107 76 9500 SH
PSC INC COM 69361E107 33 4100 SH
PARK PL ENTMT CORP COM 700690100 55056 4404500 SH
PARK PL ENTMT CORP COM 700690100 4448 355800 SH
PARKER HANNIFIN CORP COM 701094104 7807 174225 SH
PAYLESS SHOESOURCE INC COM 704379106 13898 275200 SH
PAYLESS SHOESOURCE INC COM 704379106 5 100 SH
PENNZOIL-QUAKER ST CO COM 709323109 4238 335700 SH
PEPSI BOTTLING GROUP INC COM 713409100 5245 307425 SH
PEPSI BOTTLING GROUP INC COM 713409100 21407 1254628 SH
PEPSI BOTTLING GROUP INC COM 713409100 280 16400 SH
PHELPS DODGE CORP COM 717265102 10087 183200 SH
PHELPS DODGE CORP COM 717265102 1195 21700 SH
PITTSTON CO COM 725701106 921 39700 SH
PITTSTON CO COM 725701106 24681 1064400 SH
PITTSTON CO COM 725701106 920 39670 SH
PLAYTEX PRODS INC COM 72813P100 5220 353900 SH
PLAYTEX PRODS INC COM 72813P100 13726 930600 SH
PLAYTEX PRODS INC COM 72813P100 71 4800 SH
PRENTISS PPTYS TR COM 740706106 13636 614565 SH
PRENTISS PPTYS TR COM 740706106 172 7740 SH
PROTECTIVE LIFE CORP COM 743674103 14570 502400 SH
PROTECTIVE LIFE CORP COM 743674103 1578 54400 SH
PUBLIC SVC CO N MEX COM 744499104 13492 739308 SH
PUBLIC SVC CO N MEX COM 744499104 5 300 SH
PUBLIC STORAGE INC COM 74460D109 3218 127762 SH
QUAKER OATS CO COM 747402105 91785 1483401 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
OGDEN CORP DEFINED 1 156900 0 0
OGDEN CORP SOLE 432100 47900 10300
OGDEN CORP DEFINED 2600 0 0
OLD REP INTL CORP SOLE 30200 0 0
PECO ENERGY CO DEFINED 2 312000 0 0
PECO ENERGY CO SOLE 789641 73600 619300
PECO ENERGY CO DEFINED 20200 0 0
PSC INC SOLE 9500 0 0
PSC INC DEFINED 4100 0 0
PARK PL ENTMT CORP SOLE 3230100 372400 802000
PARK PL ENTMT CORP DEFINED 355800 0 0
PARKER HANNIFIN CORP DEFINED 2 174225 0 0
PAYLESS SHOESOURCE INC SOLE 258600 9900 6700
PAYLESS SHOESOURCE INC DEFINED 100 0 0
PENNZOIL-QUAKER ST CO SOLE 315600 11900 8200
PEPSI BOTTLING GROUP INC DEFINED 2 307425 0 0
PEPSI BOTTLING GROUP INC SOLE 675728 62600 516300
PEPSI BOTTLING GROUP INC DEFINED 16400 0 0
PHELPS DODGE CORP SOLE 150000 18200 15000
PHELPS DODGE CORP DEFINED 21700 0 0
PITTSTON CO DEFINED 1 39700 0 0
PITTSTON CO SOLE 950000 63800 50600
PITTSTON CO DEFINED 39670 0 0
PLAYTEX PRODS INC DEFINED 1 353900 0 0
PLAYTEX PRODS INC SOLE 797200 89800 43600
PLAYTEX PRODS INC DEFINED 4800 0 0
PRENTISS PPTYS TR SOLE 309565 27500 277500
PRENTISS PPTYS TR DEFINED 7740 0 0
PROTECTIVE LIFE CORP SOLE 411200 49600 41600
PROTECTIVE LIFE CORP DEFINED 54400 0 0
PUBLIC SVC CO N MEX SOLE 695508 26100 17700
PUBLIC SVC CO N MEX DEFINED 300 0 0
PUBLIC STORAGE INC SOLE 120164 4502 3096
QUAKER OATS CO SOLE 792901 71100 619400
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
QUAKER OATS CO COM 747402105 1275 20600 SH
QUANTUM CORP COM 747906204 11243 799500 SH
QUANTUM CORP COM 747906204 1211 86100 SH
R & B FALCON CORP COM 74912E101 19546 1489200 SH
R & B FALCON CORP COM 74912E101 2133 162500 SH
RFS HOTEL INVS INC COM 74955J108 18111 1574828 SH
RFS HOTEL INVS INC COM 74955J108 102 8840 SH
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 141 7000 SH
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 4159 206000 SH
RELIANT ENERGY INC COM 75952J105 27988 1034192 SH
RELIANT ENERGY INC COM 75952J105 333 12300 SH
RELIASTAR FINL CORP COM 75952U103 20921 629200 SH
RELIASTAR FINL CORP COM 75952U103 2268 68200 SH
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 108 165000 SH
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 4981 7605000 SH
REPUBLIC N Y CORP COM 760719104 73660 1198944 SH
REPUBLIC N Y CORP COM 760719104 627 10200 SH
REPUBLIC SVCS INC COM 760759100 18939 1741496 SH
REPUBLIC SVCS INC COM 760759100 252 23200 SH
REYNOLDS METALS CO COM 761763101 44786 741790 SH
REYNOLDS METALS CO COM 761763101 634 10500 SH
RHONE POULENC S A COM 762426609 50503 985420 SH
RHONE POULENC S A COM 762426609 774 15100 SH
RICHMOND CNTY FINL CORP COM 764556106 5728 304500 SH
RICHMOND CNTY FINL CORP COM 764556106 17213 915000 SH
RICHMOND CNTY FINL CORP COM 764556106 87 4600 SH
RISK CAP HLDGS INC COM 767711104 8 500 SH
RISK CAP HLDGS INC COM 767711104 3636 232700 SH
ROCK-TENN CO COM 772739207 526 36400 SH
ROSS STORES INC COM 778296103 13355 663600 SH
ROSS STORES INC COM 778296103 1441 71600 SH
SBC COMMUNICATIONS INC COM 78387G103 6030 118100 SH
SBC COMMUNICATIONS INC COM 78387G103 45029 881835 SH
SBC COMMUNICATIONS INC COM 78387G103 618 12100 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
QUAKER OATS CO DEFINED 20600 0 0
QUANTUM CORP SOLE 657500 78400 63600
QUANTUM CORP DEFINED 86100 0 0
R & B FALCON CORP SOLE 1218700 147000 123500
R & B FALCON CORP DEFINED 162500 0 0
RFS HOTEL INVS INC SOLE 1157128 63600 354100
RFS HOTEL INVS INC DEFINED 8840 0 0
RECKSON ASSOCS RLTY CORP DEFINED 7000 0 0
RECKSON ASSOCS RLTY CORP SOLE 206000 0 0
RELIANT ENERGY INC SOLE 525692 48900 459600
RELIANT ENERGY INC DEFINED 12300 0 0
RELIASTAR FINL CORP SOLE 515200 62000 52000
RELIASTAR FINL CORP DEFINED 68200 0 0
RENAL TREATMENT CTRS INC DEFINED 165000 0 0
RENAL TREATMENT CTRS INC SOLE 5985000 0 1620000
REPUBLIC N Y CORP SOLE 833194 52400 313350
REPUBLIC N Y CORP DEFINED 10200 0 0
REPUBLIC SVCS INC SOLE 914696 81200 745600
REPUBLIC SVCS INC DEFINED 23200 0 0
REYNOLDS METALS CO SOLE 395590 36900 309300
REYNOLDS METALS CO DEFINED 10500 0 0
RHONE POULENC S A SOLE 574620 64500 346300
RHONE POULENC S A DEFINED 15100 0 0
RICHMOND CNTY FINL CORP DEFINED 1 304500 0 0
RICHMOND CNTY FINL CORP SOLE 790400 88400 36200
RICHMOND CNTY FINL CORP DEFINED 4600 0 0
RISK CAP HLDGS INC DEFINED 500 0 0
RISK CAP HLDGS INC SOLE 220000 7600 5100
ROCKTENN CO SOLE 36400 0 0
ROSS STORES INC SOLE 543700 66600 53300
ROSS STORES INC DEFINED 71600 0 0
SBC COMMUNICATIONS INC DEFINED 2 118100 0 0
SBC COMMUNICATIONS INC SOLE 470035 43500 368300
SBC COMMUNICATIONS INC DEFINED 12100 0 0
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
SLM HLDG CORP COM 78442A109 51009 1186250 SH
SLM HLDG CORP COM 78442A109 280 6500 SH
SPS TECHNOLOGIES INC COM 784626103 1878 49500 SH
SPS TECHNOLOGIES INC COM 784626103 5254 138500 SH
SPS TECHNOLOGIES INC COM 784626103 38 1000 SH
SPR INC COM 784922106 31 8800 SH
SPR INC COM 784922106 9 2600 SH
SAKS INC COM 79377W108 18866 1242200 SH
SAKS INC COM 79377W108 2185 143900 SH
SCIENTIFIC GAMES HLDGS CORP COM 808747109 4558 230800 SH
SCOR S A COM 80917Q106 12618 262200 SH
SCOR S A COM 80917Q106 1973 41000 SH
SEAGATE TECHNOLOGY COM 811804103 22534 735800 SH
SEAGATE TECHNOLOGY COM 811804103 312 10200 SH
SENSORMATIC ELECTRS CORP COM 817265101 4887 385200 SH
SENSORMATIC ELECTRS CORP COM 817265101 14842 1169800 SH
SENSORMATIC ELECTRS CORP COM 817265101 75 5900 SH
SHAW INDS INC COM 820286102 19228 1211200 SH
SHAW INDS INC COM 820286102 2267 142800 SH
SHERWIN WILLIAMS CO COM 824348106 597 28500 SH
SHOPKO STORES INC COM 824911101 1691 58300 SH
SHOPKO STORES INC COM 824911101 30876 1064700 SH
SHOPKO STORES INC COM 824911101 1316 45394 SH
SHURGARD STORAGE CTRS INC COM 82567D104 1750 70700 SH
SILICON GRAPHICS INC COM 827056102 11104 1015200 SH
SILICON GRAPHICS INC COM 827056102 1211 110700 SH
SINCLAIR BROADCAST GROUP INC COM 829226109 4617 509500 SH
SINCLAIR BROADCAST GROUP INC COM 829226109 489 54000 SH
SMURFIT-STONE CONTAINER CORP COM 832727101 15899 735200 SH
SMURFIT-STONE CONTAINER CORP COM 832727101 1726 79800 SH
SNYDER COMMUNICATIONS INC COM 832914105 13449 885500 SH
SONIC AUTOMOTIVE INC COM 83545G102 99 7600 SH
SONIC AUTOMOTIVE INC COM 83545G102 31 2400 SH
SOUTHDOWN INC COM 841297104 13985 261400 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
SLM HLDG CORP SOLE 922450 48400 215400
SLM HLDG CORP DEFINED 6500 0 0
SPS TECHNOLOGIES INC DEFINED 1 49500 0 0
SPS TECHNOLOGIES INC SOLE 119700 13800 5000
SPS TECHNOLOGIES INC DEFINED 1000 0 0
SPR INC SOLE 8800 0 0
SPR INC DEFINED 2600 0 0
SAKS INC SOLE 1001500 130900 109800
SAKS INC DEFINED 143900 0 0
SCIENTIFIC GAMES HLDGS CORP SOLE 216300 8600 5900
SCOR S A SOLE 192200 41900 28100
SCOR S A DEFINED 41000 0 0
SEAGATE TECHNOLOGY SOLE 396000 36300 303500
SEAGATE TECHNOLOGY DEFINED 10200 0 0
SENSORMATIC ELECTRS CORP DEFINED 1 385200 0 0
SENSORMATIC ELECTRS CORP SOLE 1008300 114400 47100
SENSORMATIC ELECTRS CORP DEFINED 5900 0 0
SHAW INDS INC SOLE 990100 122300 98800
SHAW INDS INC DEFINED 142800 0 0
SHERWIN WILLIAMS CO SOLE 28500 0 0
SHOPKO STORES INC DEFINED 1 58300 0 0
SHOPKO STORES INC SOLE 933300 78200 53200
SHOPKO STORES INC DEFINED 45394 0 0
SHURGARD STORAGE CTRS INC SOLE 66200 2600 1900
SILICON GRAPHICS INC SOLE 828300 103000 83900
SILICON GRAPHICS INC DEFINED 110700 0 0
SINCLAIR BROADCAST GROUP INC SOLE 419400 49100 41000
SINCLAIR BROADCAST GROUP INC DEFINED 54000 0 0
SMURFIT-STONE CONTAINER CORP SOLE 599100 72500 63600
SMURFIT-STONE CONTAINER CORP DEFINED 79800 0 0
SNYDER COMMUNICATIONS INC SOLE 832800 31400 21300
SONIC AUTOMOTIVE INC SOLE 7600 0 0
SONIC AUTOMOTIVE INC DEFINED 2400 0 0
SOUTHDOWN INC SOLE 212500 27100 21800
</TABLE>
<PAGE> 20
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
SOUTHDOWN INC COM 841297104 1632 30500 SH
STAFF LEASING INC COM 852381102 86 8600 SH
STAFF LEASING INC COM 852381102 33 3300 SH
STAFFMARK INC COM 852389105 99 12500 SH
STAFFMARK INC COM 852389105 34 4300 SH
STANDARD PAC CORP NEW COM 85375C101 1430 139500 SH
STANDARD PAC CORP NEW COM 85375C101 4491 438100 SH
STANDARD PAC CORP NEW COM 85375C101 26 2500 SH
STATEN IS BANCORP INC COM 857550107 5514 293100 SH
STATEN IS BANCORP INC COM 857550107 17332 921300 SH
STATEN IS BANCORP INC COM 857550107 102 5400 SH
STERLING SOFTWARE INC COM 859547101 408 20400 SH
STERLING SOFTWARE INC COM 859547101 58769 2938435 SH
STERLING SOFTWARE INC COM 859547101 550 27500 SH
STONERIDGE INC COM 86183P102 3423 197000 SH
STONERIDGE INC COM 86183P102 9396 540800 SH
STONERIDGE INC COM 86183P102 54 3100 SH
STORAGE TECHNOLOGY CORP COM 862111200 12152 629250 SH
STORAGE TECHNOLOGY CORP COM 862111200 1531 79300 SH
SUNBEAM CORP COM 867071AA0 4188 23930000 SH
SUPERVALU INC COM 868536103 19940 903800 SH
SUPERVALU INC COM 868536103 2094 94900 SH
SWIFT ENERGY CO COM 870738101 3568 282600 SH
SWIFT ENERGY CO COM 870738101 9248 732500 SH
SWIFT ENERGY CO COM 870738101 87 6900 SH
SYBASE INC COM 871130100 12688 1074100 SH
SYBASE INC COM 871130100 15 1300 SH
SYMANTEC CORP COM 871503108 28987 805900 SH
SYMANTEC CORP COM 871503108 3162 87900 SH
TJ INTL INC COM 872534102 897 35700 SH
TNP ENTERPRISES INC COM 872594106 8 200 SH
TNP ENTERPRISES INC COM 872594106 1947 50000 SH
TEKELEC COM 87910110 1580 114400 SH
TEKELEC COM 87910110 5354 387600 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
SOUTHDOWN INC DEFINED 30500 0 0
STAFF LEASING INC SOLE 8600 0 0
STAFF LEASING INC DEFINED 3300 0 0
STAFFMARK INC SOLE 12500 0 0
STAFFMARK INC DEFINED 4300 0 0
STANDARD PAC CORP NEW DEFINED 1 139500 0 0
STANDARD PAC CORP NEW SOLE 375100 42900 20100
STANDARD PAC CORP NEW DEFINED 2500 0 0
STATEN IS BANCORP INC DEFINED 1 293100 0 0
STATEN IS BANCORP INC SOLE 798400 87900 35000
STATEN IS BANCORP INC DEFINED 5400 0 0
STERLING SOFTWARE INC DEFINED 2 20400 0 0
STERLING SOFTWARE INC SOLE 1952935 124800 860700
STERLING SOFTWARE INC DEFINED 27500 0 0
STONERIDGE INC DEFINED 1 197000 0 0
STONERIDGE INC SOLE 463100 55200 22500
STONERIDGE INC DEFINED 3100 0 0
STORAGE TECHNOLOGY CORP SOLE 507950 66700 54600
STORAGE TECHNOLOGY CORP DEFINED 79300 0 0
SUNBEAM CORP SOLE 22950000 250000 730000
SUPERVALU INC SOLE 741700 90000 72100
SUPERVALU INC DEFINED 94900 0 0
SWIFT ENERGY CO DEFINED 1 282600 0 0
SWIFT ENERGY CO SOLE 632400 71800 28300
SWIFT ENERGY CO DEFINED 6900 0 0
SYBASE INC SOLE 1010400 37800 25900
SYBASE INC DEFINED 1300 0 0
SYMANTEC CORP SOLE 658900 80100 66900
SYMANTEC CORP DEFINED 87900 0 0
TJ INTL INC SOLE 35700 0 0
TNP ENTERPRISES INC DEFINED 200 0 0
TNP ENTERPRISES INC SOLE 47000 1800 1200
TEKELEC DEFINED 1 114400 0 0
TEKELEC SOLE 340900 33900 12800
</TABLE>
<PAGE> 21
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
TEKELEC COM 87910110 25 1800 SH
TELEPHONE & DATA SYS INC COM 879433100 27967 314900 SH
TEMPLE INLAND INC COM 879868107 8897 145850 SH
TEMPLE INLAND INC COM 879868107 53249 872933 SH
TEMPLE INLAND INC COM 879868107 1922 31500 SH
TEMPLETON DRAGON FD INC COM 88018T101 2872 342900 SH
TESORO PETE CORP COM 881609101 6338 384100 SH
TESORO PETE CORP COM 881609101 129 7800 SH
TESORO PETE CORP COM 881609101 18081 1095800 SH
3COM CORP COM 885535104 2915 101400 SH
3COM CORP COM 885535104 44732 1555900 SH
3COM CORP COM 885535104 612 21300 SH
TOKIO MARINE & FIRE INS LTD COM 889090403 6682 116200 SH
TORONTO DOMINION BK ONT COM 891160509 17623 903721 SH
TORONTO DOMINION BK ONT COM 891160509 298 15300 SH
TOSCO CORP COM 891490302 133996 5306787 SH
TOSCO CORP COM 891490302 6944 275005 SH
TOTAL FINA SA COM 89151E109 27396 431858 SH
TOTAL FINA SA COM 89151E109 438 6900 SH
TRENWICK GROUP INC COM 895290104 4954 299100 SH
TRICON GLOBAL RESTAURANTS COM 89595310 16969 414500 SH
TRICON GLOBAL RESTAURANTS COM 89595310 2010 49100 SH
TRIGON HEALTHCARE INC COM 89618L100 3993 136500 SH
TRIGON HEALTHCARE INC COM 89618L100 12969 443400 SH
TRIGON HEALTHCARE INC COM 89618L100 50 1700 SH
TRINITY INDS INC COM 896522109 315 10200 SH
TRIZEC HAHN CORP COM 896938107 18056 953444 SH
TUPPERWARE CORP COM 899896104 844 41700 SH
TYCO INTL LTD NEW COM 902124106 8611 83400 SH
TYCO INTL LTD NEW COM 902124106 42868 415191 SH
TYCO INTL LTD NEW COM 902124106 710 6876 SH
USX-MARATHON GROUP COM 902905827 20768 710017 SH
USX-MARATHON GROUP COM 902905827 298 10200 SH
UST INC COM 902911106 33134 1097600 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
TEKELEC DEFINED 1800 0 0
TELEPHONE & DATA SYS INC SOLE 296100 11200 7600
TEMPLE INLAND INC DEFINED 2 145850 0 0
TEMPLE INLAND INC SOLE 527633 53100 292200
TEMPLE INLAND INC DEFINED 31500 0 0
TEMPLETON DRAGON FD INC SOLE 321600 12700 8600
TESORO PETE CORP DEFINED 1 384100 0 0
TESORO PETE CORP DEFINED 7800 0 0
TESORO PETE CORP SOLE 943200 116100 36500
3COM CORP DEFINED 2 101400 0 0
3COM CORP SOLE 827700 75900 652300
3COM CORP DEFINED 21300 0 0
TOKIO MARINE & FIRE INS LTD SOLE 109000 4300 2900
TORONTO DOMINION BK ONT SOLE 522371 58200 323150
TORONTO DOMINION BK ONT DEFINED 15300 0 0
TOSCO CORP SOLE 3697887 367900 1241000
TOSCO CORP DEFINED 275005 0 0
TOTAL FINA SA SOLE 249158 27600 155100
TOTAL FINA SA DEFINED 6900 0 0
TRENWICK GROUP INC SOLE 281350 10550 7200
TRICON GLOBAL RESTAURANTS SOLE 332400 44600 37500
TRICON GLOBAL RESTAURANTS DEFINED 49100 0 0
TRIGON HEALTHCARE INC DEFINED 1 136500 0 0
TRIGON HEALTHCARE INC SOLE 383900 41100 18400
TRIGON HEALTHCARE INC DEFINED 1700 0 0
TRINITY INDS INC SOLE 10200 0 0
TRIZEC HAHN CORP SOLE 897844 33100 22500
TUPPERWARE CORP SOLE 5600 0 36100
TYCO INTL LTD NEW DEFINED 2 83400 0 0
TYCO INTL LTD NEW SOLE 236427 26836 151928
TYCO INTL LTD NEW DEFINED 6876 0 0
USX-MARATHON GROUP SOLE 385417 35900 288700
USX-MARATHON GROUP DEFINED 10200 0 0
UST INC SOLE 1032300 38900 26400
</TABLE>
<PAGE> 22
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
USX US STEEL GROUP COM 90337T101 19006 738100 SH
USX US STEEL GROUP COM 90337T101 2341 90900 SH
UNICOM CORP COM 904911104 61500 1664964 SH
UNICOM CORP COM 904911104 787 21300 SH
UNION PAC RES GROUP INC COM 907834105 21231 1306550 SH
UNION PAC RES GROUP INC COM 907834105 2301 141600 SH
U S HOME CORP NEW COM 911920106 11 400 SH
U S HOME CORP NEW COM 911920106 3541 127300 SH
U S INDS INC NEW COM 912080108 2 100 SH
U S INDS INC NEW COM 912080108 331 21000 SH
UNIVERSAL CORP VA COM 913456109 5452 208700 SH
VALERO ENERGY CORP COM 91913Y100 3147 163500 SH
VALERO ENERGY CORP COM 91913Y100 8541 443700 SH
VALERO ENERGY CORP COM 91913Y100 50 2600 SH
VIAD CORP COM 92552R109 77505 2627300 SH
VIAD CORP COM 92552R109 7571 256630 SH
VISHAY INTERTECHNOLOGY INC COM 928298108 4610 194125 SH
VISHAY INTERTECHNOLOGY INC COM 928298108 14469 609200 SH
VISHAY INTERTECHNOLOGY INC COM 928298108 78 3300 SH
WALLACE COMPUTER SVCS INC COM 932270101 2219 109600 SH
WALLACE COMPUTER SVCS INC COM 932270101 6213 306800 SH
WALLACE COMPUTER SVCS INC COM 932270101 34 1700 SH
WARNACO GROUP INC COM 934390105 27852 1526152 SH
WARNACO GROUP INC COM 934390105 250 13700 SH
WESTERN DIGITAL CORP COM 958102105 1109 300800 SH
WESTERN DIGITAL CORP COM 958102105 3533 958000 SH
WESTERN DIGITAL CORP COM 958102105 24 6600 SH
WHIRLPOOL CORP COM 963320106 57131 874732 SH
WHIRLPOOL CORP COM 963320106 4167 63800 SH
WORTHINGTON INDS INC COM 981811102 1637 96300 SH
WORTHINGTON INDS INC COM 981811102 4661 274200 SH
WORTHINGTON INDS INC COM 981811102 20 1200 SH
YORK INTL CORP NEW COM 986670107 2271 63200 SH
YORK INTL CORP NEW COM 986670107 6763 188200 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
USX US STEEL GROUP SOLE 593200 79600 65300
USX US STEEL GROUP DEFINED 90900 0 0
UNICOM CORP SOLE 859464 72600 732900
UNICOM CORP DEFINED 21300 0 0
UNION PAC RES GROUP INC SOLE 1069650 128800 108100
UNION PAC RES GROUP INC DEFINED 141600 0 0
U S HOME CORP NEW DEFINED 400 0 0
U S HOME CORP NEW SOLE 119400 4700 3200
U S INDS INC NEW DEFINED 100 0 0
U S INDS INC NEW SOLE 21000 0 0
UNIVERSAL CORP VA SOLE 195500 7900 5300
VALERO ENERGY CORP DEFINED 1 163500 0 0
VALERO ENERGY CORP SOLE 378800 46600 18300
VALERO ENERGY CORP DEFINED 2600 0 0
VIAD CORP SOLE 2152800 265500 209000
VIAD CORP DEFINED 256630 0 0
VISHAY INTERTECHNOLOGY INC DEFINED 1 194125 0 0
VISHAY INTERTECHNOLOGY INC SOLE 537125 58850 13225
VISHAY INTERTECHNOLOGY INC DEFINED 3300 0 0
WALLACE COMPUTER SVCS INC DEFINED 1 109600 0 0
WALLACE COMPUTER SVCS INC SOLE 264200 30800 11800
WALLACE COMPUTER SVCS INC DEFINED 1700 0 0
WARNACO GROUP INC SOLE 957152 67700 501300
WARNACO GROUP INC DEFINED 13700 0 0
WESTERN DIGITAL CORP DEFINED 1 300800 0 0
WESTERN DIGITAL CORP SOLE 840900 85500 31600
WESTERN DIGITAL CORP DEFINED 6600 0 0
WHIRLPOOL CORP SOLE 612332 67900 194500
WHIRLPOOL CORP DEFINED 63800 0 0
WORTHINGTON INDS INC DEFINED 1 96300 0 0
WORTHINGTON INDS INC SOLE 239200 25700 9300
WORTHINGTON INDS INC DEFINED 1200 0 0
YORK INTL CORP NEW DEFINED 1 63200 0 0
YORK INTL CORP NEW SOLE 162100 19100 7000
</TABLE>
<PAGE> 23
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
<S> <C> <C> <C> <C> <C>
YORK INTL CORP NEW COM 986670107 36 1000 SH
YOUNG BROADCASTING INC COM 987434107 2027 38700 SH
YOUNG BROADCASTING INC COM 987434107 6013 114800 SH
YOUNG BROADCASTING INC COM 987434107 31 600 SH
ACE LTD COM G0070K103 440 25950 SH
ACE LTD COM G0070K103 86051 5080519 SH
ACE LTD COM G0070K103 2510 148195 SH
GLOBAL CROSSING LTD COM G3921A100 18487 697615 SH
IPC HLDGS LTD COM G4933P101 13 700 SH
IPC HLDGS LTD COM G4933P101 7224 385300 SH
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 6 400 SH
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 7826 489100 SH
LASALLE RE HLDGS LTD COM G5383Q101 1782 128400 SH
LASALLE RE HLDGS LTD COM G5383Q101 10 700 SH
LASALLE RE HLDGS LTD COM G5383Q101 11624 837800 SH
PARTNERRE LTD COM G6852T105 3720 107047 SH
PARTNERRE LTD COM G6852T105 121 3475 SH
SANTA FE INTL CORP COM G7805C108 6756 313300 SH
SANTA FE INTL CORP COM G7805C108 802 37200 SH
SCOTTISH ANNUITY & LIFE HLDG COM G7885T104 10 1000 SH
SCOTTISH ANNUITY & LIFE HLDG COM G7885T104 3060 313800 SH
TERRA NOVA BERMUDA HLDGS LTD COM G87615103 13388 419200 SH
XL CAPITAL LTD COM G98255105 7812 173600 SH
XL CAPITAL LTD COM G98255105 12830 285115 SH
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C>
YORK INTL CORP NEW DEFINED 1000 0 0
YOUNG BROADCASTING INC DEFINED 1 38700 0 0
YOUNG BROADCASTING INC SOLE 98700 11800 4300
YOUNG BROADCASTING INC DEFINED 600 0 0
ACE LTD DEFINED 2 25950 0 0
ACE LTD SOLE 3733319 268700 1078500
ACE LTD DEFINED 148195 0 0
GLOBAL CROSSING LTD SOLE 656000 24805 16810
IPC HLDGS LTD DEFINED 700 0 0
IPC HLDGS LTD SOLE 361700 14100 9500
KNIGHTSBRIDGE TANKERS LTD DEFINED 400 0 0
KNIGHTSBRIDGE TANKERS LTD SOLE 460000 17300 11800
LASALLE RE HLDGS LTD DEFINED 1 128400 0 0
LASALLE RE HLDGS LTD DEFINED 700 0 0
LASALLE RE HLDGS LTD SOLE 762900 52400 22500
PARTNERRE LTD SOLE 86447 9400 11200
PARTNERRE LTD DEFINED 3475 0 0
SANTA FE INTL CORP SOLE 250800 34100 28400
SANTA FE INTL CORP DEFINED 37200 0 0
SCOTTISH ANNUITY & LIFE HLDG DEFINED 1000 0 0
SCOTTISH ANNUITY & LIFE HLDG SOLE 294700 11400 7700
TERRA NOVA BERMUDA HLDGS LTD SOLE 394300 14700 10200
XL CAPITAL LTD DEFINED 2 173600 0 0
XL CAPITAL LTD SOLE 267993 10179 6943
</TABLE>
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