<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: 6/30/00
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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 August 11, 2000
------------------- ---------- ---------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE> 2
Form 13F Summary Page
REPORT SUMMARY:
Number of Other Included Managers: 2
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Form 13F Information Table Entry Total: 733
---
Form 13F Information Table Value Total: $ 7,639,286
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(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 SEI Investments Management Corporation
02 unknown Liberty Asset Management Company
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGCO CORP COM 001084102 3737 305100 SH DEFINED 1 305100 0 0
AGCO CORP COM 001084102 11293 921900 SH SOLE 726000 162700 33200
AGCO CORP COM 001084102 88 7200 SH DEFINED 7200 0 0
AK STL HLDG CORP COM 001547108 1520 190000 SH DEFINED 1 190000 0 0
AK STL HLDG CORP COM 001547108 4570 571300 SH SOLE 449500 101400 20400
AK STL HLDG CORP COM 001547108 33 4100 SH DEFINED 4100 0 0
AT&T CORP COM 001957109 2895 91000 SH DEFINED 2 91000 0 0
AT&T CORP COM 001957109 9079 285400 SH SOLE 133600 15300 136500
AT&T CORP COM 001957109 118 3700 SH DEFINED 3700 0 0
AXA FINL INC COM 002451102 7735 227500 SH DEFINED 2 227500 0 0
AXA FINL INC COM 002451102 33946 998400 SH SOLE 475300 59300 463800
AXA FINL INC COM 002451102 415 12200 SH DEFINED 12200 0 0
ABBOTT LABS COM 002824100 254 5700 SH SOLE 0 0 5700
ABITIBI-CONSOLIDATED INC COM 003924107 10009 1067600 SH SOLE 585700 70600 411300
ABITIBI-CONSOLIDATED INC COM 003924107 134 14300 SH DEFINED 14300 0 0
ADVANCE PARADIGM INC COM 007491103 39 1900 SH DEFINED 1900 0 0
ADVANCE PARADIGM INC COM 007491103 990 48300 SH SOLE 48300 0 0
AETNA INC COM 008117103 1306 20350 SH SOLE 20350 0 0
AETNA INC COM 008117103 1335 20800 SH DEFINED 20800 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 1811 39800 SH DEFINED 1 39800 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 5551 122000 SH SOLE 95800 21800 4400
AFFILIATED MANAGERS GROUP IN COM 008252108 41 900 SH DEFINED 900 0 0
AGRIBRANDS INTL INC COM 00849R105 7121 169805 SH SOLE 160705 5100 4000
AGRIBRANDS INTL INC COM 00849R105 34 800 SH DEFINED 800 0 0
ALASKA AIR GROUP INC COM 01165910 1958 72200 SH DEFINED 1 72200 0 0
ALASKA AIR GROUP INC COM 01165910 5916 218100 SH SOLE 172200 38100 7800
ALASKA AIR GROUP INC COM 01165910 41 1500 SH DEFINED 1500 0 0
ALBERTA ENERGY LTD COM 012873105 12 300 SH SOLE 300 0 0
ALCAN ALUM LTD COM 013716105 8475 271200 SH DEFINED 2 271200 0 0
ALCAN ALUM LTD COM 013716105 25283 809050 SH SOLE 441750 62300 305000
ALCAN ALUM LTD COM 013716105 1884 60300 SH DEFINED 60300 0 0
ALCOA INC COM 013817101 8122 280052 SH SOLE 32436 0 247616
ALLIANT ENERGY CORP COM 018802108 13633 524357 SH SOLE 495157 16000 13200
ALLIANT TECHSYSTEMS INC COM 018804104 2367 35096 SH DEFINED 1 35096 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 7061 104707 SH SOLE 83606 18738 2363
ALLIANT TECHSYSTEMS INC COM 018804104 55 811 SH DEFINED 811 0 0
ALLMERICA FINL CORP COM 019754100 9756 186275 SH DEFINED 2 186275 0 0
ALLMERICA FINL CORP COM 019754100 93408 1783450 SH SOLE 1318244 37606 427600
ALLMERICA FINL CORP COM 019754100 5388 102880 SH DEFINED 102880 0 0
ALLSTATE CORP COM 020002101 28833 1295875 SH SOLE 570775 65800 659300
ALLSTATE CORP COM 020002101 307 13800 SH DEFINED 13800 0 0
AMCOR LTD PRIDES 7 02341R401 93 2500 SH DEFINED 2500 0 0
AMCOR LTD PRIDES 7 02341R401 5252 141935 SH SOLE 141935 0 0
AMERADA HESS CORP COM 023551104 16598 268800 SH SOLE 243700 0 25100
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERADA HESS CORP COM 023551104 1704 27600 SH DEFINED 27600 0 0
AMERICA WEST HLDG CORP COM 023657208 2437 142300 SH DEFINED 1 142300 0 0
AMERICA WEST HLDG CORP COM 023657208 7415 433000 SH SOLE 341500 76000 15500
AMERICA WEST HLDG CORP COM 023657208 72 4200 SH DEFINED 4200 0 0
AMERICAN CAP STRATEGIES LTD COM 024937104 17383 728069 SH SOLE 687469 22100 18500
AMERICAN CAP STRATEGIES LTD COM 024937104 26 1100 SH DEFINED 1100 0 0
AMERICAN HOME PRODS CORP COM 026609107 49094 835640 SH SOLE 400040 49900 385700
AMERICAN HOME PRODS CORP COM 026609107 623 10600 SH DEFINED 10600 0 0
ANNTAYLOR STORES CORP COM 036115103 3339 100800 SH DEFINED 1 100800 0 0
ANNTAYLOR STORES CORP COM 036115103 10176 307200 SH SOLE 241100 55000 11100
ANNTAYLOR STORES CORP COM 036115103 86 2600 SH DEFINED 2600 0 0
ANTHRACITE CAP INC COM 037023108 4020 564198 SH SOLE 543598 4600 16000
ARCH CAP GROUP LTD COM 03937L104 4242 283976 SH SOLE 268076 8600 7300
ASHLAND INC COM 044204105 14155 403700 SH SOLE 365500 0 38200
ASHLAND INC COM 044204105 1455 41500 SH DEFINED 41500 0 0
ASTORIA FINL CORP COM 046265104 1254 48700 SH DEFINED 1 48700 0 0
ASTORIA FINL CORP COM 046265104 10879 422475 SH SOLE 365280 26745 30450
ASTORIA FINL CORP COM 046265104 752 29210 SH DEFINED 29210 0 0
AUTODESK INC COM 052769106 25339 730500 SH SOLE 655500 0 75000
AUTODESK INC COM 052769106 2997 86400 SH DEFINED 86400 0 0
AVALONBAY CMNTYS INC COM 053484101 8473 203100 SH SOLE 94400 15200 93500
AVALONBAY CMNTYS INC COM 053484101 184 4400 SH DEFINED 4400 0 0
AVENTIS COM 053561106 3077 42400 SH DEFINED 2 42400 0 0
AVENTIS COM 053561106 16641 229340 SH SOLE 135740 14800 78800
AVENTIS COM 053561106 210 2900 SH DEFINED 2900 0 0
AVERY DENNISON CORP COM 053611109 383 5700 SH SOLE 5700 0 0
BKF CAP GROUP INC COM 05548G102 19 1200 SH DEFINED 1200 0 0
BKF CAP GROUP INC COM 05548G102 3491 219895 SH SOLE 205591 7734 6570
BJS WHSL CLUB INC COM 05548J106 55305 1675906 SH SOLE 1496606 12000 167300
BJS WHSL CLUB INC COM 05548J106 3693 111922 SH DEFINED 111922 0 0
BAKER HUGHES INC COM 057224107 39298 1229250 SH SOLE 571750 69300 588200
BAKER HUGHES INC COM 057224107 320 10000 SH DEFINED 10000 0 0
BANK ONE CORP COM 06423A103 6144 231300 SH DEFINED 2 231300 0 0
BANK ONE CORP COM 06423A103 29612 1114800 SH SOLE 526900 62800 525100
BANK ONE CORP COM 06423A103 345 13000 SH DEFINED 13000 0 0
BARD C R INC COM 067383109 83180 1728411 SH SOLE 1508911 35200 184300
BARD C R INC COM 067383109 2454 51000 SH DEFINED 51000 0 0
BARNES & NOBLE INC COM 067774109 2183 98100 SH DEFINED 1 98100 0 0
BARNES & NOBLE INC COM 067774109 7305 328300 SH SOLE 266600 50100 11600
BARNES & NOBLE INC COM 067774109 58 2600 SH DEFINED 2600 0 0
BAXTER INTL INC COM 071813109 10695 152100 SH DEFINED 2 152100 0 0
BAXTER INTL INC COM 071813109 93155 1324875 SH SOLE 640875 76000 608000
BAXTER INTL INC COM 071813109 1076 15300 SH DEFINED 15300 0 0
BELLSOUTH CORP COM 079860102 69489 1630250 SH SOLE 793325 92100 744825
BELLSOUTH CORP COM 079860102 793 18600 SH DEFINED 18600 0 0
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BERKLEY W R CORP COM 084423102 2184 116500 SH DEFINED 1 116500 0 0
BERKLEY W R CORP COM 084423102 6664 355400 SH SOLE 278800 63600 13000
BERKLEY W R CORP COM 084423102 54 2900 SH DEFINED 2900 0 0
BLACKROCK INC COM 09247X101 4327 149200 SH DEFINED 1 149200 0 0
BLACKROCK INC COM 09247X101 15266 526400 SH SOLE 431800 77900 16700
BLACKROCK INC COM 09247X101 99 3400 SH DEFINED 3400 0 0
BLOCK H & R INC COM 093671105 66458 2052750 SH SOLE 1901550 33800 117400
BLOCK H & R INC COM 093671105 3419 105600 SH DEFINED 105600 0 0
BOEING CO COM 097023105 21989 525900 SH SOLE 255100 30800 240000
BOEING CO COM 097023105 276 6600 SH DEFINED 6600 0 0
BOWATER INC COM 102183100 14493 328450 SH SOLE 246150 0 82300
BOWATER INC COM 102183100 1138 25800 SH DEFINED 25800 0 0
BRADY CORP COM 104674106 10 300 SH DEFINED 300 0 0
BRADY CORP COM 104674106 3571 109868 SH SOLE 109868 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 7095 121800 SH DEFINED 2 121800 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 53393 916625 SH SOLE 454225 55600 406800
BRISTOL MYERS SQUIBB CO COM 110122108 652 11200 SH DEFINED 11200 0 0
BRUNSWICK CORP COM 117043109 9030 545200 SH SOLE 489700 0 55500
BRUNSWICK CORP COM 117043109 1014 61200 SH DEFINED 61200 0 0
BURLINGTON RES INC COM 122014103 11831 309300 SH DEFINED 2 309300 0 0
BURLINGTON RES INC COM 122014103 91721 2397925 SH SOLE 1232675 135100 1030150
BURLINGTON RES INC COM 122014103 922 24100 SH DEFINED 24100 0 0
CBRL GROUP INC COM 12489V106 3278 223200 SH DEFINED 1 223200 0 0
CBRL GROUP INC COM 12489V106 9929 676000 SH SOLE 532200 119400 24400
CBRL GROUP INC COM 12489V106 78 5300 SH DEFINED 5300 0 0
CIGNA CORP COM 125509109 9320 99675 SH DEFINED 2 99675 0 0
CIGNA CORP COM 125509109 56987 609490 SH SOLE 295100 34000 280390
CIGNA CORP COM 125509109 664 7100 SH DEFINED 7100 0 0
CPI CORP COM 125902106 5488 259796 SH SOLE 245496 7700 6600
CNA FINL CORP COM 126117100 12052 354458 SH SOLE 335358 10200 8900
CNA SURETY CORP COM 12612L108 2229 186700 SH DEFINED 1 186700 0 0
CNA SURETY CORP COM 12612L108 49 4100 SH DEFINED 4100 0 0
CNA SURETY CORP COM 12612L108 3486 292000 SH SOLE 234900 48300 8800
CSX CORP COM 126408103 2812 132700 SH DEFINED 2 132700 0 0
CSX CORP COM 126408103 16552 781200 SH SOLE 379400 42800 359000
CSX CORP COM 126408103 193 9100 SH DEFINED 9100 0 0
CVS CORP COM 126650100 31340 783500 SH SOLE 374200 43700 365600
CVS CORP COM 126650100 372 9300 SH DEFINED 9300 0 0
CAMBREX CORP COM 132011107 5643 125400 SH DEFINED 1 125400 0 0
CAMBREX CORP COM 132011107 18275 406100 SH SOLE 323400 68800 13900
CAMBREX CORP COM 132011107 139 3100 SH DEFINED 3100 0 0
CAMDEN PPTY TR COM 133131102 3643 124018 SH SOLE 116618 4200 3200
CANADIAN 88 ENERGY CORP COM 13566G509 7 3500 SH SOLE 3500 0 0
CANADIAN 88 ENERGY CORP COM 13566G509 12 5800 SH DEFINED 5800 0 0
CANADIAN PAC LTD NEW COM 135923100 16 600 SH SOLE 600 0 0
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CANADIAN OCCIDENTAL PETE LTD COM 136420106 6862 252400 SH SOLE 215900 0 36500
CANADIAN OCCIDENTAL PETE LTD COM 136420106 1237 45500 SH DEFINED 45500 0 0
CANANDAIGUA BRANDS INC COM 137219200 1543 30600 SH DEFINED 1 30600 0 0
CANANDAIGUA BRANDS INC COM 137219200 4595 91100 SH SOLE 72500 16600 2000
CANANDAIGUA BRANDS INC COM 137219200 30 600 SH DEFINED 600 0 0
CAPITAL AUTOMOTIVE REIT COM 139733109 17 1200 SH DEFINED 1200 0 0
CAPITAL AUTOMOTIVE REIT COM 139733109 4465 316091 SH SOLE 300391 8600 7100
CAPTEC NET LEASE RLTY INC COM 14072410 287 26100 SH SOLE 0 26100 0
CAREMARK RX INC COM 141705103 57 8400 SH SOLE 8400 0 0
CAREMARK RX INC COM 141705103 16 2400 SH DEFINED 2400 0 0
CHEMED CORP COM 163596109 6653 236019 SH SOLE 222919 7200 5900
CHEVRON CORP COM 166751107 1580 18600 SH SOLE 17200 0 1400
CHRIS CRAFT INDS INC COM 170520100 27806 420898 SH SOLE 394266 7483 19149
CHRIS CRAFT INDS INC COM 170520100 785 11883 SH DEFINED 11883 0 0
CITIGROUP INC COM 172967101 92679 1533462 SH SOLE 741062 89900 702500
CITIGROUP INC COM 172967101 1070 17700 SH DEFINED 17700 0 0
CITIZENS COMMUNICATIONS CO COM 17453B101 10487 607925 SH SOLE 547525 0 60400
CITIZENS COMMUNICATIONS CO COM 17453B101 1121 65000 SH DEFINED 65000 0 0
COASTAL CORP COM 190441105 1784 29300 SH SOLE 23975 0 5325
COLUMBIA ENERGY GROUP COM 197648108 21307 324675 SH SOLE 291175 0 33500
COMMERCIAL FEDERAL CORP COM 201647104 517 33200 SH SOLE 33200 0 0
COMMERCIAL NET LEASE RLTY COM 202218103 661 62945 SH SOLE 59245 2000 1700
COMPAQ COMPUTER CORP COM 204493100 343 13400 SH SOLE 6800 6600 0
COMPUTER ASSOCIATE INTL INC COM 204912109 8480 165667 SH DEFINED 2 165667 0 0
COMPUTER ASSOCIATE INTL INC COM 204912109 74001 1445684 SH SOLE 918659 67658 459367
COMPUTER ASSOCIATE INTL INC COM 204912109 581 11345 SH DEFINED 11345 0 0
COMSAT CORP COM 20564D107 4714 200600 SH DEFINED 1 200600 0 0
COMSAT CORP COM 20564D107 16196 689200 SH SOLE 560200 106300 22700
COMSAT CORP COM 20564D107 117 5000 SH DEFINED 5000 0 0
CONOCO INC COM 208251306 7882 358250 SH DEFINED 2 358250 0 0
CONOCO INC COM 208251306 17 750 SH SOLE 750 0 0
CONOCO INC COM 208251405 125964 5128297 SH SOLE 3128921 247141 1752235
CONOCO INC COM 208251405 1026 41763 SH DEFINED 41763 0 0
CONSOLDTD FREIGHTWAYS CORP COM 209232107 39 9600 SH SOLE 9600 0 0
CONSOLDTD FREIGHTWAYS CORP COM 209232107 11 2800 SH DEFINED 2800 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1909 157461 SH SOLE 146497 5906 5058
CONTINENTAL AIRLS INC COM 210795308 1255 26700 SH SOLE 26700 0 0
COOPER COS INC COM 216648402 4209 115700 SH DEFINED 1 115700 0 0
COOPER COS INC COM 216648402 12749 350500 SH SOLE 275900 61700 12900
COOPER COS INC COM 216648402 102 2800 SH DEFINED 2800 0 0
COUNTRYWIDE CR INDS INC COM 222372104 9727 320900 SH DEFINED 2 320900 0 0
COUNTRYWIDE CR INDS INC COM 222372104 88781 2928850 SH SOLE 1615350 141200 1172300
COUNTRYWIDE CR INDS INC COM 222372104 2516 83000 SH DEFINED 83000 0 0
CRESCENT R E EQUITIES INC PFD CNV 225756204 158 10100 SH DEFINED 10100 0 0
CRESCENT R E EQUITIES INC PFD CNV 225756204 5241 335400 SH SOLE 335400 0 0
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CROMPTON CORP COM 227116108 1058 86400 SH DEFINED 1 86400 0 0
CROMPTON CORP COM 227116108 3225 263300 SH SOLE 206600 47200 9500
CROMPTON CORP COM 227116108 26 2100 SH DEFINED 2100 0 0
CROSS TIMBERS OIL CO COM 227573102 2334 105500 SH DEFINED 1 105500 0 0
CROSS TIMBERS OIL CO COM 227573102 7319 330800 SH SOLE 260200 58900 11700
CROSS TIMBERS OIL CO COM 227573102 60 2700 SH DEFINED 2700 0 0
D R HORTON INC COM 23331A109 2805 206800 SH DEFINED 1 206800 0 0
D R HORTON INC COM 23331A109 18749 1382400 SH SOLE 1169900 106900 105600
D R HORTON INC COM 23331A109 1223 90200 SH DEFINED 90200 0 0
DAL-TILE INTL INC COM 23426R108 4145 502400 SH DEFINED 1 502400 0 0
DAL-TILE INTL INC COM 23426R108 92 11100 SH DEFINED 11100 0 0
DAL-TILE INTL INC COM 23426R108 13390 1623000 SH SOLE 1292200 278000 52800
DEERE & CO COM 244199105 10808 292100 SH DEFINED 2 292100 0 0
DEERE & CO COM 244199105 60151 1625700 SH SOLE 785600 97100 743000
DEERE & CO COM 244199105 692 18700 SH DEFINED 18700 0 0
DELUXE CORP COM 248019101 21313 904547 SH SOLE 853647 27900 23000
DEVON ENERGY CORP NEW COM 25179M103 23912 427000 SH SOLE 387300 0 39700
DEVON ENERGY CORP NEW COM 25179M103 2464 44000 SH DEFINED 44000 0 0
DEXTER CORP COM 252165105 8213 171100 SH DEFINED 1 171100 0 0
DEXTER CORP COM 252165105 55742 1161300 SH SOLE 989800 92200 79300
DEXTER CORP COM 252165105 3389 70600 SH DEFINED 70600 0 0
DIAGEO PLC COM 25243Q205 28 800 SH SOLE 800 0 0
DIAMOND OFFSHORE DRILLNG INC COM 25271C102 580 16500 SH SOLE 3700 0 12800
DIEBOLD INC COM 253651103 19705 706900 SH SOLE 638700 0 68200
DIEBOLD INC COM 253651103 2105 75500 SH DEFINED 75500 0 0
DILLARDS INC COM 254067101 331 25200 SH SOLE 25200 0 0
DIME BANCORP INC NEW COM 25429Q102 5265 334300 SH DEFINED 1 334300 0 0
DIME BANCORP INC NEW COM 25429Q102 47650 3025400 SH SOLE 2617500 180700 227200
DIME BANCORP INC NEW COM 25429Q102 3462 219800 SH DEFINED 219800 0 0
DONALDSON LUFKIN&JENRETT NEW COM 257661108 15028 354125 SH SOLE 320625 0 33500
DONALDSON LUFKIN&JENRETT NEW COM 257661108 1545 36400 SH DEFINED 36400 0 0
DRESS BARN INC COM 261570105 1566 70800 SH DEFINED 1 70800 0 0
DRESS BARN INC COM 261570105 4748 214600 SH SOLE 169100 37600 7900
DRESS BARN INC COM 261570105 35 1600 SH DEFINED 1600 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 6690 152200 SH DEFINED 2 152200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 30908 703200 SH SOLE 345100 41800 316300
DU PONT E I DE NEMOURS & CO COM 263534109 378 8600 SH DEFINED 8600 0 0
DUN & BRADSTREET CORP DEL COM 26483B106 14745 515100 SH SOLE 474600 7600 32900
DUN & BRADSTREET CORP DEL COM 26483B106 810 28300 SH DEFINED 28300 0 0
ECC INTL CORP COM 268255106 49 14600 SH SOLE 14600 0 0
ECC INTL CORP COM 268255106 14 4200 SH DEFINED 4200 0 0
ENI S P A COM 26874R108 28552 490681 SH SOLE 369181 25200 96300
ENI S P A COM 26874R108 209 3600 SH DEFINED 3600 0 0
EOG RES INC COM 26875P101 25941 774367 SH SOLE 730867 23800 19700
EAST WEST BANCORP INC COM 27579R104 8451 587915 SH SOLE 558015 14200 15700
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EASTMAN CHEM CO COM 277432100 16607 347800 SH SOLE 317200 0 30600
EASTMAN CHEM CO COM 277432100 1819 38100 SH DEFINED 38100 0 0
EDGE PETE CORP DEL COM 279862106 31 10400 SH SOLE 10400 0 0
EDGE PETE CORP DEL COM 279862106 9 3000 SH DEFINED 3000 0 0
EDWARDS A G INC COM 281760108 10043 257525 SH SOLE 233125 0 24400
EDWARDS A G INC COM 281760108 1037 26600 SH DEFINED 26600 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 3450 186500 SH DEFINED 1 186500 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 11649 629700 SH SOLE 509800 99700 20200
EDWARDS LIFESCIENCES CORP COM 28176E108 109 5900 SH DEFINED 5900 0 0
EL PASO ELEC CO COM 283677854 6732 601700 SH DEFINED 1 601700 0 0
EL PASO ELEC CO COM 283677854 187 16700 SH DEFINED 16700 0 0
EL PASO ELEC CO COM 283677854 22552 2015800 SH SOLE 1620300 328900 66600
EL PASO ENERGY CORP DEL COM 283905107 17441 342400 SH DEFINED 2 342400 0 0
EL PASO ENERGY CORP DEL COM 283905107 67165 1318575 SH SOLE 637775 76900 603900
EL PASO ENERGY CORP DEL COM 283905107 779 15300 SH DEFINED 15300 0 0
ELCOR CORP COM 284443108 1339 58200 SH DEFINED 1 58200 0 0
ELCOR CORP COM 284443108 4835 210200 SH SOLE 172400 31400 6400
ELCOR CORP COM 284443108 30 1300 SH DEFINED 1300 0 0
ELECTRONIC DATA SYS CORP NEW COM 285661104 2042 49500 SH DEFINED 2 49500 0 0
ELECTRONIC DATA SYS CORP NEW COM 285661104 13175 319400 SH SOLE 155500 17500 146400
ELECTRONIC DATA SYS CORP NEW COM 285661104 153 3700 SH DEFINED 3700 0 0
EMERSON ELEC CO COM 291011104 3441 57000 SH SOLE 48100 0 8900
ENERGEN CORP COM 29265N108 1852 84900 SH DEFINED 1 84900 0 0
ENERGEN CORP COM 29265N108 6664 305500 SH SOLE 249500 46600 9400
ENERGEN CORP COM 29265N108 46 2100 SH DEFINED 2100 0 0
ENERGY EAST CORP COM 29266M109 25511 1338300 SH SOLE 1208400 0 129900
ENERGY EAST CORP COM 29266M109 2709 142100 SH DEFINED 142100 0 0
EQUITY OFFICE PPTYS TR COM 294741103 22882 821349 SH SOLE 404749 46800 369800
EQUITY OFFICE PPTYS TR COM 294741103 164 5900 SH DEFINED 5900 0 0
EQUITY OFFICE PPTYS TR PFD CVB 294741509 123 2900 SH DEFINED 2900 0 0
EQUITY OFFICE PPTYS TR PFD CVB 294741509 12189 288500 SH SOLE 288500 0 0
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 18714 407100 SH SOLE 193200 25000 188900
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 207 4500 SH DEFINED 4500 0 0
EQUITY RESIDENTIAL PPTYS TR DP RPPF 29476L85 124 5500 SH DEFINED 5500 0 0
EQUITY RESIDENTIAL PPTYS TR DP RPPF 29476L85 8118 360800 SH SOLE 360800 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 2957 123200 SH DEFINED 1 123200 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 8676 361500 SH SOLE 283500 64100 13900
ETHAN ALLEN INTERIORS INC COM 297602104 70 2900 SH DEFINED 2900 0 0
EVERGREEN RES INC COM 299900308 21 700 SH DEFINED 700 0 0
EVERGREEN RES INC COM 299900308 933 31500 SH SOLE 31500 0 0
EXPEDITORS INTL WASH INC COM 302130109 16830 354324 SH SOLE 334324 10900 9100
EXXON MOBIL CORP COM 30231G102 13866 176636 SH SOLE 50328 1300 125008
FBR ASSET INVT CORP COM 30241E303 10 700 SH DEFINED 700 0 0
FBR ASSET INVT CORP COM 30241E303 6524 449921 SH SOLE 417721 19900 12300
F Y I INC COM 302712104 2712 80500 SH DEFINED 1 80500 0 0
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
F Y I INC COM 302712104 9261 274900 SH SOLE 222100 43900 8900
F Y I INC COM 302712104 67 2000 SH DEFINED 2000 0 0
FAB INDS INC COM 302747100 326 30727 SH SOLE 28827 900 1000
FEDERAL HOME LN MTG CORP COM 313400301 661 16325 SH DEFINED 2 16325 0 0
FEDERAL HOME LN MTG CORP COM 313400301 131994 3259112 SH SOLE 2063062 154900 1041150
FEDERAL HOME LN MTG CORP COM 313400301 1033 25500 SH DEFINED 25500 0 0
FEDERAL NATL MTG ASSN N COM 313586109 8925 170600 SH DEFINED 2 170600 0 0
FEDERAL NATL MTG ASSN N COM 313586109 85169 1628079 SH SOLE 931154 82500 614425
FEDERAL NATL MTG ASSN N COM 313586109 790 15100 SH DEFINED 15100 0 0
FEDERATED DEPT STORES INC DE COM 31410H101 16928 501575 SH SOLE 219875 21500 260200
FEDERATED DEPT STORES INC DE COM 31410H101 132 3900 SH DEFINED 3900 0 0
FINL SEC ASSURN HLDGS LTD COM 31769P100 19495 256939 SH SOLE 241939 8900 6100
FLANDERS CORP COM 338494107 45 12400 SH SOLE 12400 0 0
FLANDERS CORP COM 338494107 13 3600 SH DEFINED 3600 0 0
FLEETWOOD ENTERPRISES INC COM 339099103 7988 560552 SH SOLE 529052 17200 14300
FLETCHER CHALLENGE ENRG DIV COM 339318107 4086 129700 SH DEFINED 1 129700 0 0
FLETCHER CHALLENGE ENRG DIV COM 339318107 11913 378200 SH SOLE 300000 61800 16400
FLETCHER CHALLENGE ENRG DIV COM 339318107 164 5200 SH DEFINED 5200 0 0
FLOWERS INDS INC COM 343496105 11730 588325 SH SOLE 526525 0 61800
FLOWERS INDS INC COM 343496105 1360 68200 SH DEFINED 68200 0 0
FLUOR CORP COM 343861100 26793 847200 SH SOLE 543700 34100 269400
FLUOR CORP COM 343861100 1300 41100 SH DEFINED 41100 0 0
FOOTSTAR INC COM 344912100 2411 72500 SH DEFINED 1 72500 0 0
FOOTSTAR INC COM 344912100 53 1600 SH DEFINED 1600 0 0
FOOTSTAR INC COM 344912100 7528 226400 SH SOLE 175600 42800 8000
FORD MTR CO DEL COM 345370100 15522 360967 SH SOLE 330167 8900 21900
FRANKLIN RES INC COM 354613101 1470 48400 SH SOLE 48400 0 0
FRANKLIN RES INC COM 354613101 1507 49600 SH DEFINED 49600 0 0
FRONTIER INS GROUP INC NEW COM 359081106 6 9300 SH SOLE 9300 0 0
FRONTIER INS GROUP INC NEW COM 359081106 2 2700 SH DEFINED 2700 0 0
GC COS INC COM 36155Q109 11782 526569 SH SOLE 496769 16300 13500
GPU INC COM 36225X100 9086 335750 SH SOLE 300550 0 35200
GPU INC COM 36225X100 1045 38600 SH DEFINED 38600 0 0
GTE CORP COM 362320103 38959 625848 SH SOLE 362648 31400 231800
GTE CORP COM 362320103 380 6100 SH DEFINED 6100 0 0
GABLES RESIDENTIAL TR COM 362418105 1668 64758 SH SOLE 61158 2000 1600
GALILEO INTL INC COM 363547100 25078 1201325 SH SOLE 1134825 35500 31000
GALLAGHER ARTHUR J & CO COM 363576109 1949 46400 SH DEFINED 1 46400 0 0
GALLAGHER ARTHUR J & CO COM 363576109 63 1500 SH DEFINED 1500 0 0
GALLAGHER ARTHUR J & CO COM 363576109 5897 140400 SH SOLE 110300 24700 5400
GANNETT INC COM 364730101 2180 36450 SH SOLE 28350 0 8100
GAP INC COM 364760108 17694 566200 SH SOLE 273800 32600 259800
GAP INC COM 364760108 206 6600 SH DEFINED 6600 0 0
GARTNER GROUP INC NEW COM 366651107 2644 220300 SH DEFINED 1 220300 0 0
GARTNER GROUP INC NEW COM 366651107 8172 681000 SH SOLE 528800 126700 25500
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GARTNER GROUP INC NEW COM 366651107 61 5100 SH DEFINED 5100 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 2317 157100 SH DEFINED 1 157100 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 6809 461600 SH SOLE 362600 80300 18700
GENERAL SEMICONDUCTOR INC COM 370787103 63 4300 SH DEFINED 4300 0 0
GOLDEN ST BANCORP INC LTGTNTR 381197136 4547 4042061 SH SOLE 3811054 132682 98325
GOODRICH B F CO COM 382388106 14391 422500 SH SOLE 383500 0 39000
GOODRICH B F CO COM 382388106 1451 42600 SH DEFINED 42600 0 0
GRANITE CONSTR INC COM 387328107 2793 114000 SH DEFINED 1 114000 0 0
GRANITE CONSTR INC COM 387328107 78 3200 SH DEFINED 3200 0 0
GRANITE CONSTR INC COM 387328107 8563 349500 SH SOLE 275000 61100 13400
GULF CDA RES LTD COM 40218L305 46 9500 SH SOLE 9500 0 0
GULF CDA RES LTD COM 40218L305 13 2800 SH DEFINED 2800 0 0
HMT TECHNOLOGY CORP COM 403917107 16 10600 SH SOLE 10600 0 0
HMT TECHNOLOGY CORP COM 403917107 5 3100 SH DEFINED 3100 0 0
HALLIBURTON CO COM 406216101 7742 164075 SH DEFINED 2 164075 0 0
HALLIBURTON CO COM 406216101 45607 966515 SH SOLE 486515 57900 422100
HALLIBURTON CO COM 406216101 557 11800 SH DEFINED 11800 0 0
HANCOCK JOHN FINL SVCS INC COM 41014S106 7009 293566 SH SOLE 293566 0 0
HARCOURT GEN INC COM 41163G101 13269 244025 SH DEFINED 2 244025 0 0
HARCOURT GEN INC COM 41163G101 151152 2779811 SH SOLE 1895711 89800 794300
HARCOURT GEN INC COM 41163G101 6541 120300 SH DEFINED 120300 0 0
HARMAN INTL INDS INC NEW COM 413086109 3209 52600 SH DEFINED 1 52600 0 0
HARMAN INTL INDS INC NEW COM 413086109 10053 164800 SH SOLE 130800 28100 5900
HARMAN INTL INDS INC NEW COM 413086109 79 1300 SH DEFINED 1300 0 0
HARRIS CORP DEL COM 413875105 31947 975470 SH SOLE 893970 13500 68000
HARRIS CORP DEL COM 413875105 2070 63200 SH DEFINED 63200 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 7356 131500 SH SOLE 23100 0 108400
HASBRO INC COM 418056107 54105 3381577 SH SOLE 2649477 118000 614100
HASBRO INC COM 418056107 1608 100500 SH DEFINED 100500 0 0
HEALTH MGMT ASSOC INC NEW COM 421933102 18178 1391600 SH SOLE 1258600 0 133000
HEALTH MGMT ASSOC INC NEW COM 421933102 1851 141700 SH DEFINED 141700 0 0
HIGHLANDS INS GROUP INC COM 431032101 3718 396550 SH SOLE 370650 12300 13600
HOLLINGER INTL INC COM 435569108 2656 194900 SH DEFINED 1 194900 0 0
HOLLINGER INTL INC COM 435569108 8050 590800 SH SOLE 465000 103900 21900
HOLLINGER INTL INC COM 435569108 63 4600 SH DEFINED 4600 0 0
HONEYWELL INTL INC COM 438516106 9956 295550 SH SOLE 142650 17500 135400
HONEYWELL INTL INC COM 438516106 125 3700 SH DEFINED 3700 0 0
IMC GLOBAL INC COM 449669100 5087 391300 SH SOLE 350900 0 40400
IMC GLOBAL INC COM 449669100 582 44800 SH DEFINED 44800 0 0
ITLA CAP CORP COM 450565106 1485 102436 SH SOLE 96136 3300 3000
ITT INDS INC IND COM 450911102 15567 512500 SH SOLE 464000 0 48500
ITT INDS INC IND COM 450911102 1622 53400 SH DEFINED 53400 0 0
ILLINOIS TOOL WKS INC COM 452308109 8385 147100 SH DEFINED 2 147100 0 0
ILLINOIS TOOL WKS INC COM 452308109 73479 1289100 SH SOLE 624100 74100 590900
ILLINOIS TOOL WKS INC COM 452308109 855 15000 SH DEFINED 15000 0 0
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IMRGLOBAL CORP COM 45321W106 1719 131600 SH DEFINED 1 131600 0 0
IMRGLOBAL CORP COM 45321W106 6054 463500 SH SOLE 377900 70500 15100
IMRGLOBAL CORP COM 45321W106 40 3100 SH DEFINED 3100 0 0
INFORMIX CORP COM 456779107 13584 1826375 SH SOLE 1653675 0 172700
INFORMIX CORP COM 456779107 1398 187900 SH DEFINED 187900 0 0
INGERSOLL RAND CO COM 456866102 5254 130525 SH DEFINED 2 130525 0 0
INGERSOLL RAND CO COM 456866102 27699 688175 SH SOLE 315775 36700 335700
INGERSOLL RAND CO COM 456866102 274 6800 SH DEFINED 6800 0 0
INGRAM MICRO INC COM 457153104 12663 726200 SH SOLE 651900 0 74300
INGRAM MICRO INC COM 457153104 868 49800 SH DEFINED 49800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 62916 574250 SH SOLE 281150 32200 260900
INTERNATIONAL BUSINESS MACHS COM 459200101 723 6600 SH DEFINED 6600 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 4828 230600 SH DEFINED 1 230600 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 26488 1265100 SH SOLE 1064200 120300 80600
INTERNATIONAL HOME FOODS INC COM 459655106 1334 63700 SH DEFINED 63700 0 0
IPALCO ENTERPRISES INC COM 462613100 2483 123400 SH DEFINED 1 123400 0 0
IPALCO ENTERPRISES INC COM 462613100 7774 386300 SH SOLE 303500 69100 13700
IPALCO ENTERPRISES INC COM 462613100 60 3000 SH DEFINED 3000 0 0
IVEX PACKAGING CORP DEL COM 465855104 1028 82200 SH SOLE 82200 0 0
JACOBS ENGR GROUP INC COM 469814107 2040 62400 SH DEFINED 1 62400 0 0
JACOBS ENGR GROUP INC COM 469814107 6155 188300 SH SOLE 148400 33100 6800
JACOBS ENGR GROUP INC COM 469814107 52 1600 SH DEFINED 1600 0 0
JEFFERSON PILOT CORP COM 475070108 18922 335275 SH SOLE 308575 0 26700
JEFFERSON PILOT CORP COM 475070108 1507 26700 SH DEFINED 26700 0 0
JONES APPAREL GROUP INC COM 480074103 1847 78600 SH SOLE 43900 0 34700
KEEBLER FOODS CO COM 487256109 53795 1449020 SH SOLE 1327720 13200 108100
KEEBLER FOODS CO COM 487256109 4028 108500 SH DEFINED 108500 0 0
KELLY SVCS INC COM 488152208 3908 168994 SH SOLE 160394 4000 4600
KERR MCGEE CORP COM 492386107 30822 522964 SH SOLE 265642 31562 225760
KERR MCGEE CORP COM 492386107 395 6709 SH DEFINED 6709 0 0
KERR MCGEE CORP DECS 5.5 492386305 10980 219868 SH SOLE 206868 7000 6000
KIMBERLY CLARK CORP COM 494368103 10305 179600 SH DEFINED 2 179600 0 0
KIMBERLY CLARK CORP COM 494368103 59445 1036080 SH SOLE 490590 58300 487190
KIMBERLY CLARK CORP COM 494368103 711 12400 SH DEFINED 12400 0 0
KIRBY CORP COM 497266106 886 41700 SH SOLE 41700 0 0
KNIGHT RIDDER INC COM 499040103 14210 267175 SH SOLE 241975 0 25200
KNIGHT RIDDER INC COM 499040103 1505 28300 SH DEFINED 28300 0 0
KOMAG INC COM 500453105 19 10600 SH SOLE 10600 0 0
KOMAG INC COM 500453105 5 3100 SH DEFINED 3100 0 0
KOREA ELEC PWR CO COM 500631106 8872 481218 SH SOLE 454018 14900 12300
KRONOS INC COM 501052104 1560 60000 SH DEFINED 1 60000 0 0
KRONOS INC COM 501052104 5504 211700 SH SOLE 172700 32100 6900
KRONOS INC COM 501052104 39 1500 SH DEFINED 1500 0 0
LNR PPTY CORP COM 501940100 14 700 SH DEFINED 700 0 0
LNR PPTY CORP COM 501940100 26120 1326736 SH SOLE 1252936 40200 33600
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LTC PPTYS INC COM 502175102 1024 172445 SH SOLE 162945 5100 4400
LAFARGE CORP COM 505862102 5903 281100 SH SOLE 252500 0 28600
LAFARGE CORP COM 505862102 588 28000 SH DEFINED 28000 0 0
LENNAR CORP COM 526057104 251 12400 SH SOLE 12400 0 0
LEUCADIA NATL CORP COM 527288104 15696 688040 SH SOLE 646740 22000 19300
LIBERTY FINL COS INC COM 530512102 4034 183903 SH SOLE 168603 6400 8900
LIBERTY FINL COS INC COM 530512102 35 1600 SH DEFINED 1600 0 0
LIBERTY PPTY TR COM 531172104 3596 138658 SH SOLE 130358 4600 3700
LINCARE HLDGS INC COM 532791100 1817 73800 SH DEFINED 1 73800 0 0
LINCARE HLDGS INC COM 532791100 59 2400 SH DEFINED 2400 0 0
LINCARE HLDGS INC COM 532791100 6501 264000 SH SOLE 215500 40300 8200
LINCOLN NATL CORP COM 534187109 1613 44650 SH SOLE 44650 0 0
LITTON INDS INC COM 538021106 72184 1718674 SH SOLE 1579374 59500 79800
LITTON INDS INC COM 538021106 2640 62856 SH DEFINED 62856 0 0
LOCAL FINL CORP COM 539553107 5 600 SH DEFINED 600 0 0
LOCAL FINL CORP COM 539553107 5953 713415 SH SOLE 673915 22100 17400
LOCKHEED MARTIN CORP COM 539830109 29276 1179900 SH SOLE 567600 72000 540300
LOCKHEED MARTIN CORP COM 539830109 375 15100 SH DEFINED 15100 0 0
LOEWS CORP COM 540424108 72730 1212160 SH SOLE 1013760 42100 156300
LOEWS CORP COM 540424108 285 4750 SH DEFINED 4750 0 0
LUFKIN INDS INC COM 549764108 628 39586 SH SOLE 36366 1720 1500
M & F WORLDWIDE CORP COM 552541104 46 8200 SH SOLE 8200 0 0
M & F WORLDWIDE CORP COM 552541104 23 4000 SH DEFINED 4000 0 0
MBIA INC COM 55262C100 27236 565200 SH SOLE 537100 15300 12800
MDU RES GROUP INC COM 552690109 1501 69400 SH DEFINED 1 69400 0 0
MDU RES GROUP INC COM 552690109 4009 185400 SH SOLE 145700 33200 6500
MDU RES GROUP INC COM 552690109 58 2700 SH DEFINED 2700 0 0
MACK CALI RLTY CORP COM 554489104 8842 344200 SH SOLE 165600 19200 159400
MACK CALI RLTY CORP COM 554489104 100 3900 SH DEFINED 3900 0 0
MANPOWER INC WIS COM 56418H100 6621 206900 SH SOLE 187800 0 19100
MANPOWER INC WIS COM 56418H100 672 21000 SH DEFINED 21000 0 0
MANULIFE FINL CORP COM 56501R106 8062 452621 SH SOLE 431221 11600 9800
MARCHFIRST INC COM 566244103 12394 679100 SH SOLE 614800 0 64300
MARCHFIRST INC COM 566244103 1274 69800 SH DEFINED 69800 0 0
MARK IV INDS INC COM 570387100 4830 231400 SH DEFINED 1 231400 0 0
MARK IV INDS INC COM 570387100 14704 704400 SH SOLE 548100 130000 26300
MARK IV INDS INC COM 570387100 119 5700 SH DEFINED 5700 0 0
MARKEL CORP RT 570535112 327 45517 SH SOLE 43003 1510 1004
MARTIN MARIETTA MTLS INC COM 573284106 6053 149700 SH SOLE 135500 0 14200
MARTIN MARIETTA MTLS INC COM 573284106 627 15500 SH DEFINED 15500 0 0
MATTEL INC COM 577081102 16384 1242400 SH SOLE 1126700 0 115700
MATTEL INC COM 577081102 1689 128100 SH DEFINED 128100 0 0
MCGRAW HILL INC COM 580645109 1507 27900 SH SOLE 27900 0 0
MEDIAONE GROUP INC COM 58440J104 68422 1026895 SH SOLE 484930 57700 484265
MEDIAONE GROUP INC COM 58440J104 780 11700 SH DEFINED 11700 0 0
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MERCHANTS GROUP INC COM 588539106 714 42963 SH SOLE 39563 1900 1500
MERISTAR HOSPITALITY CORP COM 58984Y103 11886 566016 SH SOLE 249231 28389 288396
MERISTAR HOSPITALITY CORP COM 58984Y103 91 4330 SH DEFINED 4330 0 0
MERRILL LYNCH & CO INC COM 590188108 4022 34975 SH SOLE 28650 0 6325
METHANEX CORP COM 59151K108 49 14500 SH SOLE 14500 0 0
METHANEX CORP COM 59151K108 14 4200 SH DEFINED 4200 0 0
METHODE ELECTRS INC COM 591520200 1557 40300 SH SOLE 40300 0 0
METLIFE INC COM 59156R108 18857 895300 SH SOLE 433200 49000 413100
METLIFE INC COM 59156R108 219 10400 SH DEFINED 10400 0 0
MICRON ELECTRONICS INC COM 595100108 2528 202200 SH DEFINED 1 202200 0 0
MICRON ELECTRONICS INC COM 595100108 8721 697700 SH SOLE 566500 109200 22000
MICRON ELECTRONICS INC COM 595100108 61 4900 SH DEFINED 4900 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1766 73603 SH SOLE 69303 2300 2000
MILLENNIUM CHEMS INC COM 599903101 3862 227200 SH SOLE 124200 14100 88900
MILLENNIUM CHEMS INC COM 599903101 51 3000 SH DEFINED 3000 0 0
MINNESOTA MNG & MFG CO COM 604059105 9534 115300 SH DEFINED 2 115300 0 0
MINNESOTA MNG & MFG CO COM 604059105 69844 844675 SH SOLE 408225 48700 387750
MINNESOTA MNG & MFG CO COM 604059105 843 10200 SH DEFINED 10200 0 0
MONDAVI ROBERT CORP COM 609200100 2335 76100 SH DEFINED 1 76100 0 0
MONDAVI ROBERT CORP COM 609200100 7488 244000 SH SOLE 197800 40400 5800
MONDAVI ROBERT CORP COM 609200100 49 1600 SH DEFINED 1600 0 0
MORGAN J P & CO INC COM 616880100 28379 257700 SH SOLE 122400 16200 119100
MORGAN J P & CO INC COM 616880100 374 3400 SH DEFINED 3400 0 0
MUTUAL RISK MGMT LTD COM 628351108 1918 110800 SH DEFINED 1 110800 0 0
MUTUAL RISK MGMT LTD COM 628351108 5542 320100 SH SOLE 251800 56300 12000
MUTUAL RISK MGMT LTD COM 628351108 87 5000 SH DEFINED 5000 0 0
MYLAN LABS INC COM 628530107 6662 367580 SH SOLE 331880 0 35700
MYLAN LABS INC COM 628530107 687 37900 SH DEFINED 37900 0 0
NCR CORP NEW COM 62886E108 68000 1746400 SH SOLE 1251200 42400 452800
NCR CORP NEW COM 62886E108 4400 113000 SH DEFINED 113000 0 0
NATIONAL PRESTO INDS INC COM 637215104 5478 178155 SH SOLE 168055 5300 4800
NATIONWIDE HLTH PPTYS COM 638620104 3137 225052 SH SOLE 211452 7500 6100
NAUTICA ENTERPRISES INC COM 639089101 27 2500 SH DEFINED 2500 0 0
NAUTICA ENTERPRISES INC COM 639089101 12613 1180182 SH SOLE 1114382 35900 29900
NETWORKS ASSOCS INC COM 640938106 30131 1478812 SH SOLE 1350212 8600 120000
NETWORKS ASSOCS INC COM 640938106 2516 123500 SH DEFINED 123500 0 0
NEUBERGER BERMAN INC COM 641234109 4762 102400 SH DEFINED 1 102400 0 0
NEUBERGER BERMAN INC COM 641234109 17758 381900 SH SOLE 315200 55500 11200
NEUBERGER BERMAN INC COM 641234109 102 2200 SH DEFINED 2200 0 0
NEWPARK RES INC COM 651718504 2664 282300 SH DEFINED 1 282300 0 0
NEWPARK RES INC COM 651718504 9087 962900 SH SOLE 780600 150800 31500
NEWPARK RES INC COM 651718504 62 6600 SH DEFINED 6600 0 0
NEWPORT NEWS SHIPBLDING INC COM 652228107 2653 72200 SH DEFINED 1 72200 0 0
NEWPORT NEWS SHIPBLDING INC COM 652228107 21909 596150 SH SOLE 513750 39000 43400
NEWPORT NEWS SHIPBLDING INC COM 652228107 1635 44500 SH DEFINED 44500 0 0
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NIAGARA MOHAWK HLDGS INC COM 653520106 85953 6167012 SH SOLE 4912612 172400 1082000
NIAGARA MOHAWK HLDGS INC COM 653520106 3284 235600 SH DEFINED 235600 0 0
NORTHROP GRUMMAN CORP COM 666807102 27376 413229 SH SOLE 389829 12800 10600
NORTHWEST AIRLINES CORP COM 667280101 17635 579400 SH SOLE 526000 0 53400
NORTHWEST AIRLINES CORP COM 667280101 1802 59200 SH DEFINED 59200 0 0
NYCOMED AMERSHAM PLC COM 67066H102 14733 300675 SH SOLE 256275 0 44400
NYCOMED AMERSHAM PLC COM 67066H102 2705 55200 SH DEFINED 55200 0 0
OGE ENERGY CORP COM 670837103 2483 134200 SH DEFINED 1 134200 0 0
OGE ENERGY CORP COM 670837103 7367 398200 SH SOLE 312800 70600 14800
OGE ENERGY CORP COM 670837103 61 3300 SH DEFINED 3300 0 0
OCCIDENTAL PETE CORP COM 674599105 8975 426100 SH DEFINED 2 426100 0 0
OCCIDENTAL PETE CORP COM 674599105 44789 2126500 SH SOLE 1031000 130900 964600
OCCIDENTAL PETE CORP COM 674599105 600 28500 SH DEFINED 28500 0 0
OFFICE DEPOT INC COM 676220106 27444 4390975 SH SOLE 2468475 191700 1730800
OFFICE DEPOT INC COM 676220106 925 148050 SH DEFINED 148050 0 0
OLD REP INTL CORP COM 680223104 498 30200 SH SOLE 30200 0 0
OLIN CORP COM 680665205 4043 245000 SH DEFINED 1 245000 0 0
OLIN CORP COM 680665205 12915 782700 SH SOLE 626200 140200 16300
OLIN CORP COM 680665205 104 6300 SH DEFINED 6300 0 0
OXFORD HEALTH PLANS INC COM 691471106 4027 169100 SH DEFINED 1 169100 0 0
OXFORD HEALTH PLANS INC COM 691471106 13928 584900 SH SOLE 476000 90000 18900
OXFORD HEALTH PLANS INC COM 691471106 93 3900 SH DEFINED 3900 0 0
PECO ENERGY CO COM 693304107 8613 213650 SH DEFINED 2 213650 0 0
PECO ENERGY CO COM 693304107 48762 1209600 SH SOLE 577700 71000 560900
PECO ENERGY CO COM 693304107 532 13200 SH DEFINED 13200 0 0
PNC FINL SVCS GROUP INC COM 693475105 24236 517025 SH SOLE 251325 28200 237500
PNC FINL SVCS GROUP INC COM 693475105 281 6000 SH DEFINED 6000 0 0
PALL CORP COM 696429307 18639 1007500 SH SOLE 910100 0 97400
PALL CORP COM 696429307 1911 103300 SH DEFINED 103300 0 0
PARAMETRIC TECHNOLOGY CORP COM 699173100 3311 301000 SH DEFINED 2 301000 0 0
PARAMETRIC TECHNOLOGY CORP COM 699173100 40923 3720275 SH SOLE 1802475 202700 1715100
PARAMETRIC TECHNOLOGY CORP COM 699173100 483 43900 SH DEFINED 43900 0 0
PARK PL ENTMT CORP COM 700690100 11907 977000 SH SOLE 436200 73400 467400
PARK PL ENTMT CORP COM 700690100 108 8900 SH DEFINED 8900 0 0
PAYLESS SHOESOURCE INC COM 704379106 17483 341140 SH SOLE 321940 10500 8700
PECHINEY COM 705151207 13660 658300 SH SOLE 568100 0 90200
PECHINEY COM 705151207 2291 110400 SH DEFINED 110400 0 0
PENDARIES PETE LTD COM 706905106 41 12200 SH SOLE 12200 0 0
PENDARIES PETE LTD COM 706905106 12 3500 SH DEFINED 3500 0 0
PENNZOIL-QUAKER ST CO COM 709323109 4164 345231 SH SOLE 327431 8400 9400
PINNACLE WEST CAP CORP COM 723484101 51287 1514000 SH SOLE 926700 59900 527400
PINNACLE WEST CAP CORP COM 723484101 2083 61500 SH DEFINED 61500 0 0
PITNEY BOWES INC COM 724479100 19964 499100 SH SOLE 242700 29500 226900
PITNEY BOWES INC COM 724479100 228 5700 SH DEFINED 5700 0 0
PITTSTON CO COM 725701106 3921 277600 SH DEFINED 1 277600 0 0
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PITTSTON CO COM 725701106 34257 2425270 SH SOLE 2158370 195700 71200
PITTSTON CO COM 725701106 127 9000 SH DEFINED 9000 0 0
PLAYTEX PRODS INC COM 72813P100 3227 285300 SH DEFINED 1 285300 0 0
PLAYTEX PRODS INC COM 72813P100 9836 869450 SH SOLE 684250 154100 31100
PLAYTEX PRODS INC COM 72813P100 70 6200 SH DEFINED 6200 0 0
POLAROID CORP COM 731095105 1230 68100 SH DEFINED 1 68100 0 0
POLAROID CORP COM 731095105 7442 412000 SH SOLE 337400 62400 12200
POLAROID CORP COM 731095105 27 1500 SH DEFINED 1500 0 0
PRAXAIR INC COM 74005P104 52921 1413575 SH SOLE 683775 82700 647100
PRAXAIR INC COM 74005P104 614 16400 SH DEFINED 16400 0 0
PRENTISS PPTYS TR COM 740706106 11965 497247 SH SOLE 217247 24500 255500
PRENTISS PPTYS TR COM 740706106 95 3940 SH DEFINED 3940 0 0
PRIDE INTL INC COM 741932107 2272 91800 SH DEFINED 1 91800 0 0
PRIDE INTL INC COM 741932107 6809 275100 SH SOLE 214600 50300 10200
PRIDE INTL INC COM 741932107 69 2800 SH DEFINED 2800 0 0
PUBLIC SVC CO N MEX COM 744499104 12751 825972 SH SOLE 781272 24300 20400
PUBLIC STORAGE INC COM 74460D109 3317 141510 SH SOLE 130012 7902 3596
PULITZER INC COM 745769109 772 18300 SH SOLE 18300 0 0
PULITZER INC COM 745769109 8 200 SH DEFINED 200 0 0
QUANTUM CORP COM 747906303 3944 356500 SH DEFINED 1 356500 0 0
QUANTUM CORP COM 747906303 108 9800 SH DEFINED 9800 0 0
QUANTUM CORP COM 747906303 11869 1072900 SH SOLE 844700 189700 38500
QUICKSILVER RES INC COM 74837R104 57 8000 SH SOLE 8000 0 0
QUICKSILVER RES INC COM 74837R104 16 2300 SH DEFINED 2300 0 0
RFS HOTEL INVS INC COM 74955J108 5910 503016 SH SOLE 474116 15200 13700
R H DONNELLEY CORP COM 74955W307 5642 291200 SH DEFINED 1 291200 0 0
R H DONNELLEY CORP COM 74955W307 17302 893000 SH SOLE 698900 161500 32600
R H DONNELLEY CORP COM 74955W307 174 9000 SH DEFINED 9000 0 0
RADIAN GROUP INC COM 750236101 10438 201700 SH SOLE 183100 0 18600
RADIAN GROUP INC COM 750236101 1061 20500 SH DEFINED 20500 0 0
RAYMOND JAMES FINL INC COM 754730109 1951 86700 SH DEFINED 1 86700 0 0
RAYMOND JAMES FINL INC COM 754730109 7029 312400 SH SOLE 256200 46800 9400
RAYMOND JAMES FINL INC COM 754730109 43 1900 SH DEFINED 1900 0 0
READERS DIGEST ASSN INC COM 755267101 102560 2580116 SH SOLE 2191516 64600 324000
READERS DIGEST ASSN INC COM 755267101 3585 90200 SH DEFINED 90200 0 0
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 155 7000 SH DEFINED 7000 0 0
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 4571 206000 SH SOLE 206000 0 0
REEBOK INTL LTD COM 758110100 4901 307500 SH DEFINED 1 307500 0 0
REEBOK INTL LTD COM 758110100 17295 1085200 SH SOLE 883100 168100 34000
REEBOK INTL LTD COM 758110100 120 7500 SH DEFINED 7500 0 0
RELIASTAR FINL CORP COM 75952U103 25319 482845 SH SOLE 430045 0 52800
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 111 165000 SH DEFINED 165000 0 0
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 5075 7575000 SH SOLE 5955000 0 1620000
RENAL CARE GROUP INC COM 759930100 1978 80900 SH DEFINED 1 80900 0 0
RENAL CARE GROUP INC COM 759930100 61 2500 SH DEFINED 2500 0 0
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RENAL CARE GROUP INC COM 759930100 5888 240800 SH SOLE 189800 41900 9100
RENTECH INC COM 760112102 43 19700 SH SOLE 19700 0 0
RENTECH INC COM 760112102 12 5700 SH DEFINED 5700 0 0
REPUBLIC SVCS INC COM 760759100 611 38200 SH SOLE 38200 0 0
REX STORE CORP COM 761624105 35 1500 SH DEFINED 1500 0 0
REX STORE CORP COM 761624105 811 34800 SH SOLE 34800 0 0
ROSLYN BANCORP INC COM 778162107 1875 112900 SH DEFINED 1 112900 0 0
ROSLYN BANCORP INC COM 778162107 5725 344700 SH SOLE 270300 61800 12600
ROSLYN BANCORP INC COM 778162107 47 2800 SH DEFINED 2800 0 0
ROSS STORES INC COM 778296103 2227 130500 SH DEFINED 1 130500 0 0
ROSS STORES INC COM 778296103 1005 58900 SH DEFINED 58900 0 0
ROSS STORES INC COM 778296103 15646 917000 SH SOLE 783300 70300 63400
RUSS BERRIE & CO INC COM 782233100 859 44600 SH SOLE 44600 0 0
SBC COMMUNICATIONS INC COM 78387G103 12271 283725 SH DEFINED 2 283725 0 0
SBC COMMUNICATIONS INC COM 78387G103 88389 2043668 SH SOLE 983094 116896 943678
SBC COMMUNICATIONS INC COM 78387G103 1059 24475 SH DEFINED 24475 0 0
SLM HLDG CORP COM 78442A109 75260 2010277 SH SOLE 1378177 94500 537600
SLM HLDG CORP COM 78442A109 502 13400 SH DEFINED 13400 0 0
SPS TECHNOLOGIES INC COM 784626103 1178 28700 SH DEFINED 1 28700 0 0
SPS TECHNOLOGIES INC COM 784626103 4578 111500 SH SOLE 86800 20300 4400
SPS TECHNOLOGIES INC COM 784626103 4 100 SH DEFINED 100 0 0
S3 INC COM 784849101 1746 118400 SH DEFINED 1 118400 0 0
S3 INC COM 784849101 5289 358600 SH SOLE 282000 63400 13200
S3 INC COM 784849101 41 2800 SH DEFINED 2800 0 0
ST PAUL COS INC COM 792860108 43610 1277950 SH SOLE 574950 58100 644900
ST PAUL COS INC COM 792860108 423 12400 SH DEFINED 12400 0 0
SANTA FE SNYDER CORP COM 80218K105 10564 928700 SH SOLE 832900 0 95800
SANTA FE SNYDER CORP COM 80218K105 1205 105900 SH DEFINED 105900 0 0
SARA LEE CORP COM 803111103 6804 354600 SH DEFINED 2 354600 0 0
SARA LEE CORP COM 803111103 77 4000 SH SOLE 4000 0 0
SCIENTIFIC GAMES HLDGS CORP COM 808747109 10475 426443 SH SOLE 402943 14100 9400
SEARS ROEBUCK & CO COM 812387108 15929 488240 SH SOLE 236840 26500 224900
SEARS ROEBUCK & CO COM 812387108 186 5700 SH DEFINED 5700 0 0
SENSORMATIC ELECTRS CORP COM 817265101 6222 393500 SH DEFINED 1 393500 0 0
SENSORMATIC ELECTRS CORP COM 817265101 22957 1451800 SH SOLE 1190900 216400 44500
SENSORMATIC ELECTRS CORP COM 817265101 147 9300 SH DEFINED 9300 0 0
SHERWIN WILLIAMS CO COM 824348106 7773 366873 SH SOLE 348073 10300 8500
SHOPKO STORES INC COM 824911101 2555 166200 SH DEFINED 1 166200 0 0
SHOPKO STORES INC COM 824911101 22311 1451094 SH SOLE 1273494 105900 71700
SHOPKO STORES INC COM 824911101 686 44594 SH DEFINED 44594 0 0
SHURGARD STORAGE CTRS INC COM 82567D104 1726 76699 SH SOLE 72099 2400 2200
SILICON GRAPHICS INC COM 827056102 117 31200 SH SOLE 31200 0 0
SINCLAIR BROADCAST GROUP INC COM 829226109 260 23600 SH SOLE 23600 0 0
SMITH & NEPHEW P L C COM 83175M106 34180 946171 SH SOLE 879271 22700 44200
SMITH & NEPHEW P L C COM 83175M106 1142 31600 SH DEFINED 31600 0 0
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SNYDER COMMUNICATIONS INC COM 832914105 26774 1127342 SH SOLE 1064342 34500 28500
SOUTHDOWN INC COM 841297104 21443 371300 SH SOLE 336300 0 35000
SOUTHDOWN INC COM 841297104 2287 39600 SH DEFINED 39600 0 0
SPRINT CORP COM 852061100 20955 410880 SH SOLE 218980 30000 161900
SPRINT CORP COM 852061100 173 3400 SH DEFINED 3400 0 0
STANDARD PAC CORP NEW COM 85375C101 2941 294100 SH DEFINED 1 294100 0 0
STANDARD PAC CORP NEW COM 85375C101 7707 770700 SH SOLE 616900 124300 29500
STANDARD PAC CORP NEW COM 85375C101 67 6700 SH DEFINED 6700 0 0
STARTECH ENERGY INC COM 85568N104 53 8100 SH SOLE 8100 0 0
STARTECH ENERGY INC COM 85568N104 15 2300 SH DEFINED 2300 0 0
STATEN IS BANCORP INC COM 857550107 4359 247300 SH DEFINED 1 247300 0 0
STATEN IS BANCORP INC COM 857550107 13367 758400 SH SOLE 605100 119100 34200
STATEN IS BANCORP INC COM 857550107 97 5500 SH DEFINED 5500 0 0
STRATEGIC DISTR INC COM 862701208 41 21300 SH SOLE 21300 0 0
STRATEGIC DISTR INC COM 862701208 12 6200 SH DEFINED 6200 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 36145 2141900 SH SOLE 1204800 159000 778100
SUN LIFE FINL SVCS CDA INC COM 866796105 532 31500 SH DEFINED 31500 0 0
SUNBEAM CORP SBDBCV 14 867071AA0 3948 23930000 SH SOLE 2950000 250000 730000
SUNGARD DATA SYS INC COM 867363103 26460 853549 SH SOLE 805349 26300 21900
SUPERIOR FINL CORP DEL COM 868161100 2562 251500 SH SOLE 232200 12200 7100
SUPERVALU INC COM 868536103 15328 804100 SH SOLE 721900 0 82200
SUPERVALU INC COM 868536103 1658 87000 SH DEFINED 87000 0 0
SWIFT ENERGY CO COM 870738101 4722 166400 SH DEFINED 1 166400 0 0
SWIFT ENERGY CO COM 870738101 14102 497000 SH SOLE 397800 81100 18100
SWIFT ENERGY CO COM 870738101 125 4400 SH DEFINED 4400 0 0
SYBRON INTL COM 87114F106 8537 430900 SH SOLE 387000 0 43900
SYBRON INTL COM 87114F106 959 48400 SH DEFINED 48400 0 0
SYNOPSYS INC COM 871607107 3394 98200 SH DEFINED 2 98200 0 0
SYNOPSYS INC COM 871607107 58703 1698468 SH SOLE 1139068 71800 487600
SYNOPSYS INC COM 871607107 1168 33800 SH DEFINED 33800 0 0
TALISMAN ENERGY INC COM 87425E103 7529 227300 SH SOLE 188500 0 38800
TALISMAN ENERGY INC COM 87425E103 1600 48300 SH DEFINED 48300 0 0
TEXACO INC COM 881694103 2887 54150 SH SOLE 4050 0 50100
3COM CORP COM 885535104 3394 58900 SH DEFINED 2 58900 0 0
3COM CORP COM 885535104 49805 864300 SH SOLE 417400 49800 397100
3COM CORP COM 885535104 582 10100 SH DEFINED 10100 0 0
TOKIO MARINE & FIRE INS LTD COM 889090403 7644 128478 SH SOLE 121178 4000 3300
TORONTO DOMINION BK ONT COM 891160509 17647 725850 SH SOLE 407200 52300 266350
TORONTO DOMINION BK ONT COM 891160509 255 10500 SH DEFINED 10500 0 0
TOSCO CORP COM 891490302 83157 2937116 SH SOLE 1770841 145900 1020375
TOSCO CORP COM 891490302 722 25505 SH DEFINED 25505 0 0
TRENWICK GROUP INC COM 895290104 4721 324155 SH SOLE 306005 9850 8300
TRIGON HEALTHCARE INC COM 89618L100 1970 38200 SH DEFINED 1 38200 0 0
TRIGON HEALTHCARE INC COM 89618L100 6708 130100 SH SOLE 105300 20600 4200
TRIGON HEALTHCARE INC COM 89618L100 41 800 SH DEFINED 800 0 0
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRINITY INDS INC COM 896522109 189 10200 SH SOLE 10200 0 0
TRIZEC HAHN CORP COM 896938107 7545 422100 SH DEFINED 2 422100 0 0
TRIZEC HAHN CORP COM 896938107 56245 3146593 SH SOLE 2611693 137000 397900
TRIZEC HAHN CORP COM 896938107 279 15600 SH DEFINED 15600 0 0
TUPPERWARE CORP COM 899896104 2565 116600 SH DEFINED 1 116600 0 0
TUPPERWARE CORP COM 899896104 90 4100 SH DEFINED 4100 0 0
TUPPERWARE CORP COM 899896104 11671 530500 SH SOLE 431200 65500 33800
USX-MARATHON GROUP COM 902905827 5930 236600 SH DEFINED 2 236600 0 0
USX-MARATHON GROUP COM 902905827 62116 2478450 SH SOLE 1208350 152900 1117200
USX-MARATHON GROUP COM 902905827 774 30900 SH DEFINED 30900 0 0
UST INC COM 902911106 3413 232400 SH DEFINED 2 232400 0 0
UST INC COM 902911106 55408 3772464 SH SOLE 2775564 171800 825100
UST INC COM 902911106 379 25800 SH DEFINED 25800 0 0
UNICOM CORP COM 904911104 20217 522570 SH SOLE 254670 28400 239500
UNICOM CORP COM 904911104 221 5700 SH DEFINED 5700 0 0
UNION PAC RES GROUP INC COM 907834105 12092 549618 SH SOLE 519118 16500 14000
UNIVERSAL CORP VA COM 913456109 23 1100 SH DEFINED 1100 0 0
UNIVERSAL CORP VA COM 913456109 4887 231314 SH SOLE 217914 7300 6100
UNUMPROVIDENT CORP COM 91529Y106 30095 1500050 SH SOLE 1403750 24800 71500
UNUMPROVIDENT CORP COM 91529Y106 1156 57600 SH DEFINED 57600 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 26771 702200 SH SOLE 628400 0 73800
VALASSIS COMMUNICATIONS INC COM 918866104 3077 80700 SH DEFINED 80700 0 0
VENTIV HEALTH INC COM 922793104 9971 896279 SH SOLE 845413 27666 23200
VENTIV HEALTH INC COM 922793104 34 3100 SH DEFINED 3100 0 0
VENATOR GROUP INC COM 922944102 2819 275000 SH DEFINED 1 275000 0 0
VENATOR GROUP INC COM 922944102 9239 901400 SH SOLE 723800 146900 30700
VENATOR GROUP INC COM 922944102 67 6500 SH DEFINED 6500 0 0
VIAD CORP COM 92552R109 42303 1552400 SH SOLE 1406000 0 146400
VIAD CORP COM 92552R109 4336 159130 SH DEFINED 159130 0 0
VINTAGE PETE INC COM 92746010 3084 136700 SH DEFINED 1 136700 0 0
VINTAGE PETE INC COM 92746010 9343 414100 SH SOLE 326800 72200 15100
VINTAGE PETE INC COM 92746010 61 2700 SH DEFINED 2700 0 0
VISTEON CORP COM 92839U107 136 11176 SH SOLE 9319 0 1857
WESLEY JESSEN VISION CARE INC COM 951018100 6746 179600 SH DEFINED 1 179600 0 0
WESLEY JESSEN VISION CARE INC COM 951018100 146 3900 SH DEFINED 3900 0 0
WESLEY JESSEN VISION CARE INC COM 951018100 20088 534800 SH SOLE 422000 93900 18900
YOUNG BROADCASTING INC COM 987434107 3021 117600 SH DEFINED 1 117600 0 0
YOUNG BROADCASTING INC COM 987434107 9127 355300 SH SOLE 280400 60800 14100
YOUNG BROADCASTING INC COM 987434107 80 3100 SH DEFINED 3100 0 0
ACE LTD COM G0070K103 15903 567950 SH DEFINED 2 567950 0 0
ACE LTD COM G0070K103 210759 7527119 SH SOLE 5312319 422800 1792000
ACE LTD COM G0070K103 2663 95095 SH DEFINED 95095 0 0
ANNUITY & LIFE RE HLDGS LTD COM G03910109 56 2300 SH DEFINED 2300 0 0
EVEREST RE GROUP LTD COM G3223R108 2679 81500 SH DEFINED 1 81500 0 0
EVEREST RE GROUP LTD COM G3223R108 10855 330200 SH SOLE 261600 42300 26300
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EVEREST RE GROUP LTD COM G3223R108 782 23792 SH DEFINED 23792 0 0
IPC HLDGS LTD COM G4933P101 21 1500 SH DEFINED 1500 0 0
IPC HLDGS LTD COM G4933P101 7131 509350 SH SOLE 478750 17000 13600
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 8 400 SH DEFINED 400 0 0
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 10121 506032 SH SOLE 476332 16100 13600
LASALLE RE HLDGS LTD COM G5383Q101 8013 564764 SH SOLE 533164 17100 14500
PARTNERRE LTD COM G6852T105 10178 287200 SH SOLE 243500 0 43700
PARTNERRE LTD COM G6852T105 1889 53300 SH DEFINED 53300 0 0
PXRE GROUP LTD COM G73018106 14 1000 SH DEFINED 1000 0 0
RENAISSANCERE HLDGS LTD COM G7496G10 9 200 SH DEFINED 200 0 0
SCOTTISH ANNUITY & LIFE HLDG COM G7885T104 2891 345145 SH SOLE 325645 10600 8900
WHITE MOUNT INS GRP LTD BERM COM G9618E106 18133 113329 SH SOLE 106729 3600 3000
XL CAPITAL LTD COM G98255105 55895 1032695 SH SOLE 747923 58179 226593
XL CAPITAL LTD COM G98255105 455 8400 SH DEFINED 8400 0 0
</TABLE>
