<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: 12/31/99
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 February 9, 2000
- -------------------- ---------- ----------------
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:
<TABLE>
<S> <C>
Number of Other Included Managers: 2
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Form 13F Information Table Entry Total: 691
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Form 13F Information Table Value Total: $ 8,330,151
--------------
(thousands)
</TABLE>
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.
No. Form 13F File Number Name
- --- -------------------- ----
01 unknown SEI Investments Management Corporation
02 unknown Liberty Asset Management Company
<PAGE> 3
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGCO CORP COM 001084102 2819 209800 SH DEFINED 1 209800 0 0
AGCO CORP COM 001084102 8626 641900 SH SOLE 549200 68700 24000
AGCO CORP COM 001084102 42 3100 SH DEFINED 3100 0 0
ABBOTT LABS COM 002824100 207 5700 SH SOLE 0 0 5700
ABITIBI-CONSOLIDATED INC COM 003924107 25736 2167200 SH SOLE 1428300 134300 604600
ABITIBI-CONSOLIDATED INC COM 003924107 2647 222900 SH DEFINED 222900 0 0
ACTEL CORP COM 004934105 833 34700 SH DEFINED 1 34700 0 0
ACTEL CORP COM 004934105 3854 160600 SH SOLE 139300 15600 5700
ACTEL CORP COM 004934105 19 800 SH DEFINED 800 0 0
ADVANCED MICRO DEVICES INC COM 007903107 36027 1245000 SH SOLE 998100 134900 112000
ADVANCED MICRO DEVICES INC COM 007903107 4022 139000 SH DEFINED 139000 0 0
AETNA INC COM 008117103 6212 111300 SH SOLE 104600 4000 2700
AGILENT TECHNOLOGIES INC COM 00846U101 33194 429350 SH SOLE 220700 20900 187750
AGILENT TECHNOLOGIES INC COM 00846U101 472 6100 SH DEFINED 6100 0 0
AGRIBRANDS INTL INC COM 00849R105 8262 179600 SH SOLE 170600 5500 3500
AGRIBRANDS INTL INC COM 00849R105 37 800 SH DEFINED 800 0 0
AIRGAS INC COM 009363102 2862 301300 SH DEFINED 1 301300 0 0
AIRGAS INC COM 009363102 7670 807400 SH SOLE 684200 85500 37700
AIRGAS INC COM 009363102 38 4000 SH DEFINED 4000 0 0
ALCAN ALUM LTD COM 013716105 35636 861300 SH SOLE 463500 54900 342900
ALCAN ALUM LTD COM 013716105 662 16000 SH DEFINED 16000 0 0
ALCOA INC COM 013817101 10678 128650 SH DEFINED 2 128650 0 0
ALCOA INC COM 013817101 32456 391040 SH SOLE 191140 14900 185000
ALCOA INC COM 013817101 382 4600 SH DEFINED 4600 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 4330 69496 SH DEFINED 1 69496 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 13055 209514 SH SOLE 183713 21338 4463
ALLIANT TECHSYSTEMS INC COM 018804104 82 1311 SH DEFINED 1311 0 0
ALLIED PRODS CORP DEL COM 019411107 42 11800 SH SOLE 11800 0 0
ALLIED PRODS CORP DEL COM 019411107 11 3200 SH DEFINED 3200 0 0
ALLMERICA FINL CORP COM 019754100 7285 130975 SH DEFINED 2 130975 0 0
ALLMERICA FINL CORP COM 019754100 108836 1956610 SH SOLE 1404904 147706 404000
ALLMERICA FINL CORP COM 019754100 6234 112080 SH DEFINED 112080 0 0
ALPHARMA INC COM 020813101 3607 117300 SH DEFINED 1 117300 0 0
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALPHARMA INC COM 020813101 10895 354300 SH SOLE 304500 36600 13200
ALPHARMA INC COM 020813101 52 1700 SH DEFINED 1700 0 0
ALZA CORP COM 022615108 15900 459200 SH SOLE 365300 51400 42500
ALZA CORP COM 022615108 1832 52900 SH DEFINED 52900 0 0
AMCOR LTD PRIDES 7 02341R401 105 2500 SH DEFINED 2500 0 0
AMCOR LTD PRIDES 7 02341R401 5982 142435 SH SOLE 142435 0 0
AMEREN CORP COM 023608102 7038 214900 SH SOLE 203900 6500 4500
AMERICAN CAP STRATEGIES LTD COM 024937104 16 700 SH DEFINED 700 0 0
AMERICAN CAP STRATEGIES LTD COM 024937104 19181 843100 SH SOLE 799600 25900 17600
AMERICAN HOME PRODS CORP COM 026609107 52010 1325090 SH SOLE 679390 65200 580500
AMERICAN HOME PRODS CORP COM 026609107 809 20600 SH DEFINED 20600 0 0
AMERICAN INTL GROUP INC COM 026874107 40162 371442 SH SOLE 190042 17400 164000
AMERICAN INTL GROUP INC COM 026874107 587 5425 SH DEFINED 5425 0 0
ANTHRACITE CAP INC COM 037023108 3819 599000 SH SOLE 580500 4600 13900
APACHE CORP COM 037411105 6593 178500 SH SOLE 138400 21900 18200
APACHE CORP COM 037411105 835 22600 SH DEFINED 22600 0 0
ASTORIA FINL CORP COM 046265104 25349 832805 SH SOLE 667015 92945 72845
ASTORIA FINL CORP COM 046265104 2597 85315 SH DEFINED 85315 0 0
AUTODESK INC COM 052769106 15832 469100 SH SOLE 377900 50800 40400
AUTODESK INC COM 052769106 1607 47600 SH DEFINED 47600 0 0
AVALONBAY CMNTYS INC COM 053484101 8068 233000 SH SOLE 116400 14800 101800
AVALONBAY CMNTYS INC COM 053484101 135 3900 SH DEFINED 3900 0 0
AVERY DENNISON CORP COM 053611109 415 5700 SH SOLE 5700 0 0
BCE INC COM 05534B109 65202 722960 SH SOLE 401260 44600 277100
BCE INC COM 05534B109 1181 13100 SH DEFINED 13100 0 0
BJS WHSL CLUB INC COM 05548J106 74279 2035050 SH SOLE 1653650 181700 199700
BJS WHSL CLUB INC COM 05548J106 6523 178722 SH DEFINED 178722 0 0
BAKER HUGHES INC COM 057224107 16513 784000 SH SOLE 400100 34800 349100
BAKER HUGHES INC COM 057224107 227 10800 SH DEFINED 10800 0 0
BANK UTD CORP COM 065412108 1229 45100 SH DEFINED 1 45100 0 0
BANK UTD CORP COM 065412108 3401 124800 SH SOLE 106900 12800 5100
BANK UTD CORP COM 065412108 19 700 SH DEFINED 700 0 0
BARD C R INC COM 067383109 94875 1790100 SH SOLE 1479400 113900 196800
BARD C R INC COM 067383109 4388 82800 SH DEFINED 82800 0 0
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BARNES & NOBLE INC COM 067774109 5697 276200 SH SOLE 240000 27400 8800
BARNES & NOBLE INC COM 067774109 27 1300 SH DEFINED 1300 0 0
BARR LABS INC COM 068306109 2272 72400 SH DEFINED 1 72400 0 0
BARR LABS INC COM 068306109 5786 184400 SH SOLE 160300 16300 7800
BARR LABS INC COM 068306109 41 1300 SH DEFINED 1300 0 0
BAUSCH & LOMB INC COM 071707103 45261 661350 SH SOLE 442850 53400 165100
BAUSCH & LOMB INC COM 071707103 2895 42300 SH DEFINED 42300 0 0
BAXTER INTL INC COM 071813109 92491 1472500 SH SOLE 755500 68800 648200
BAXTER INTL INC COM 071813109 1344 21400 SH DEFINED 21400 0 0
BELL ATLANTIC CORP COM 077853109 86895 1411500 SH SOLE 728600 66400 616500
BELL ATLANTIC CORP COM 077853109 1256 20400 SH DEFINED 20400 0 0
BLACKROCK INC COM 09247X101 3529 205300 SH DEFINED 1 205300 0 0
BLACKROCK INC COM 09247X101 10749 625400 SH SOLE 541300 61100 23000
BLACKROCK INC COM 09247X101 52 3000 SH DEFINED 3000 0 0
BLOCK H & R INC COM 093671105 40911 935100 SH SOLE 861200 42700 31200
BLOCK H & R INC COM 093671105 801 18300 SH DEFINED 18300 0 0
BLOCKBUSTER INC COM 093679108 12415 928200 SH SOLE 747900 100300 80000
BLOCKBUSTER INC COM 093679108 1263 94400 SH DEFINED 94400 0 0
BOWATER INC COM 102183100 40107 738450 SH SOLE 554950 69000 114500
BOWATER INC COM 102183100 3595 66200 SH DEFINED 66200 0 0
BRADY CORP COM 104674106 10 300 SH DEFINED 300 0 0
BRADY CORP COM 104674106 3994 117700 SH SOLE 117700 0 0
BUILDING ONE SVCS CORP COM 120114103 22 2300 SH DEFINED 2300 0 0
BUILDING ONE SVCS CORP COM 120114103 9074 961478 SH SOLE 911798 29582 20098
BURLINGTON COAT FACTORY WHSE COM 121579106 2393 172500 SH DEFINED 1 172500 0 0
BURLINGTON COAT FACTORY WHSE COM 121579106 7716 556100 SH SOLE 481800 54700 19600
BURLINGTON COAT FACTORY WHSE COM 121579106 39 2800 SH DEFINED 2800 0 0
BURLINGTON RES INC COM 122014103 8147 246400 SH DEFINED 2 246400 0 0
BURLINGTON RES INC COM 122014103 84696 2561700 SH SOLE 1552100 110800 898800
BURLINGTON RES INC COM 122014103 969 29300 SH DEFINED 29300 0 0
CIGNA CORP COM 125509109 11067 137375 SH DEFINED 2 137375 0 0
CIGNA CORP COM 125509109 84247 1045740 SH SOLE 534975 49000 461765
CIGNA CORP COM 125509109 1249 15500 SH DEFINED 15500 0 0
CPI CORP COM 125902106 9 400 SH DEFINED 400 0 0
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CPI CORP COM 125902106 6211 275300 SH SOLE 261300 8300 5700
CNA FINL CORP COM 126117100 14570 374200 SH SOLE 355500 11000 7700
CNA SURETY CORP COM 12612L108 1548 119100 SH DEFINED 1 119100 0 0
CNA SURETY CORP COM 12612L108 38 2900 SH DEFINED 2900 0 0
CNA SURETY CORP COM 12612L108 3301 253900 SH SOLE 225800 28100 0
CVS CORP COM 126650100 39524 991200 SH SOLE 507900 45800 437500
CVS CORP COM 126650100 574 14400 SH DEFINED 14400 0 0
CADILLAC FAIRVIEW CORP COM 126929207 9927 431600 SH SOLE 408100 14000 9500
CAMBREX CORP COM 132011107 6464 187700 SH DEFINED 1 187700 0 0
CAMBREX CORP COM 132011107 20459 594100 SH SOLE 519200 54600 20300
CAMBREX CORP COM 132011107 117 3400 SH DEFINED 3400 0 0
CAMDEN PPTY TR COM 133131102 3677 132500 SH SOLE 125200 4500 2800
CANADIAN 88 ENERGY CORP COM 13566G509 5 3500 SH SOLE 3500 0 0
CANADIAN 88 ENERGY CORP COM 13566G509 1 900 SH DEFINED 900 0 0
CANADIAN PAC LTD NEW COM 135923100 6 300 SH SOLE 300 0 0
CAPITAL AUTOMOTIVE REIT COM 139733109 15 1200 SH DEFINED 1200 0 0
CAPITAL AUTOMOTIVE REIT COM 139733109 4052 332500 SH SOLE 317000 9300 6200
CAPTEC NET LEASE RLTY INC COM 14072410 196 26100 SH SOLE 0 26100 0
CENTRAL & SOUTH WEST CORP COM 152357109 6434 321700 SH SOLE 305400 9600 6700
CENTURY ALUM CO COM 156431108 2649 176600 SH SOLE 176600 0 0
CHAMPION ENTERPRISES INC COM 158496109 2787 327900 SH SOLE 309300 11100 7500
CHASE MANHATTAN CORP NEW COM 16161A108 31254 402300 SH SOLE 206760 18800 176740
CHASE MANHATTAN CORP NEW COM 16161A108 458 5900 SH DEFINED 5900 0 0
CHEMED CORP COM 163596109 7139 249400 SH SOLE 236600 7700 5100
CHEVRON CORP COM 166751107 1637 18900 SH SOLE 17500 0 1400
CHRIS CRAFT INDS INC COM 170520100 54027 749075 SH SOLE 653529 51242 44304
CHRIS CRAFT INDS INC COM 170520100 3058 42400 SH DEFINED 42400 0 0
CIRCUIT CITY STORES INC COM 172737108 5745 127500 SH DEFINED 2 127500 0 0
CIRCUIT CITY STORES INC COM 172737108 22811 506200 SH SOLE 267400 23800 215000
CIRCUIT CITY STORES INC COM 172737108 333 7400 SH DEFINED 7400 0 0
CITIGROUP INC COM 172967101 118456 2127152 SH SOLE 1086952 100300 939900
CITIGROUP INC COM 172967101 1763 31650 SH DEFINED 31650 0 0
CLAIRES STORES INC COM 179584107 2097 93700 SH DEFINED 1 93700 0 0
CLAIRES STORES INC COM 179584107 6066 271100 SH SOLE 230500 29700 10900
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CLAIRES STORES INC COM 179584107 45 2000 SH DEFINED 2000 0 0
COLUMBIA ENERGY GROUP COM 197648108 8684 137300 SH SOLE 107100 16500 13700
COLUMBIA ENERGY GROUP COM 197648108 1082 17100 SH DEFINED 17100 0 0
COMMERCIAL FEDERAL CORP COM 201647104 591 33200 SH SOLE 33200 0 0
COMMERCIAL NET LEASE RLTY COM 202218103 18 1800 SH DEFINED 1800 0 0
COMMERCIAL NET LEASE RLTY COM 202218103 665 66936 SH SOLE 63236 2200 1500
COMPUTER ASSOCIATE INTL INC COM 204912109 7660 109525 SH DEFINED 2 109525 0 0
COMPUTER ASSOCIATE INTL INC COM 204912109 45094 644775 SH SOLE 337275 30500 277000
COMPUTER ASSOCIATE INTL INC COM 204912109 664 9500 SH DEFINED 9500 0 0
CONOCO INC COM 208251306 9765 394550 SH DEFINED 2 394550 0 0
CONOCO INC COM 208251306 20 800 SH SOLE 800 0 0
CONOCO INC COM 208251405 131009 5266705 SH SOLE 3328389 221041 1717275
CONOCO INC COM 208251405 1367 54963 SH DEFINED 54963 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 2159 169348 SH SOLE 158584 6406 4358
COOPER COS INC COM 216648402 1223 40600 SH DEFINED 1 40600 0 0
COOPER COS INC COM 216648402 3597 119400 SH SOLE 102000 12800 4600
COOPER COS INC COM 216648402 18 600 SH DEFINED 600 0 0
CORSAIR COMMUNICATIONS INC COM 220406102 72 8800 SH SOLE 8800 0 0
CORSAIR COMMUNICATIONS INC COM 220406102 19 2300 SH DEFINED 2300 0 0
COUNTRYWIDE CR INDS INC COM 222372104 5217 206600 SH DEFINED 2 206600 0 0
COUNTRYWIDE CR INDS INC COM 222372104 49351 1954500 SH SOLE 1121000 106800 726700
COUNTRYWIDE CR INDS INC COM 222372104 1510 59800 SH DEFINED 59800 0 0
CRANE CO COM 224399105 314 15800 SH SOLE 15800 0 0
CRESCENT R E EQUITIES INC PFD CNV 225756204 153 10100 SH DEFINED 10100 0 0
CRESCENT R E EQUITIES INC PFD CNV 225756204 5100 337200 SH SOLE 337200 0 0
CROWN CORK & SEAL INC COM 228255105 7672 342900 SH SOLE 276400 36300 30200
CROWN CORK & SEAL INC COM 228255105 839 37500 SH DEFINED 37500 0 0
CYTEC INDS INC COM 232820100 4745 206300 SH DEFINED 1 206300 0 0
CYTEC INDS INC COM 232820100 14361 624400 SH SOLE 538700 60700 25000
CYTEC INDS INC COM 232820100 83 3600 SH DEFINED 3600 0 0
D R HORTON INC COM 23331A102 1182 85600 SH DEFINED 1 85600 0 0
D R HORTON INC COM 23331A102 9449 684100 SH SOLE 551600 86600 45900
D R HORTON INC COM 23331A102 598 43300 SH DEFINED 43300 0 0
DAL-TILE INTL INC COM 23426R108 4850 479000 SH DEFINED 1 479000 0 0
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAL-TILE INTL INC COM 23426R108 77 7600 SH DEFINED 7600 0 0
DAL-TILE INTL INC COM 23426R108 15387 1519700 SH SOLE 1323200 140800 55700
DEAN FOODS CO COM 242361103 3991 100400 SH DEFINED 1 100400 0 0
DEAN FOODS CO COM 242361103 13531 340400 SH SOLE 294300 33800 12300
DEAN FOODS CO COM 242361103 72 1800 SH DEFINED 1800 0 0
DEERE & CO COM 244199105 46728 1077300 SH SOLE 554000 50200 473100
DEERE & CO COM 244199105 698 16100 SH DEFINED 16100 0 0
DELUXE CORP COM 248019101 16040 584600 SH SOLE 554700 17800 12100
DELUXE CORP COM 248019101 11 400 SH DEFINED 400 0 0
DEVON ENERGY CORP NEW COM 25179M103 19186 583600 SH SOLE 470300 61400 51900
DEVON ENERGY CORP NEW COM 25179M103 2134 64900 SH DEFINED 64900 0 0
DEXTER CORP COM 252165105 7680 193200 SH DEFINED 1 193200 0 0
DEXTER CORP COM 252165105 31482 792000 SH SOLE 679900 81700 30400
DEXTER CORP COM 252165105 1057 26600 SH DEFINED 26600 0 0
DIAMOND OFFSHORE DRILLNG INC COM 25271C102 20196 660800 SH SOLE 327700 31000 302100
DIAMOND OFFSHORE DRILLNG INC COM 25271C102 315 10300 SH DEFINED 10300 0 0
DILLARDS INC COM 254067101 509 25200 SH SOLE 25200 0 0
DOMTAR INC COM 257561100 595 50600 SH DEFINED 1 50600 0 0
DOMTAR INC COM 257561100 1679 142900 SH SOLE 122800 14500 5600
DOMTAR INC COM 257561100 8 700 SH DEFINED 700 0 0
DOWNEY FINL CORP COM 261018105 1439 71300 SH DEFINED 1 71300 0 0
DOWNEY FINL CORP COM 261018105 4052 200700 SH SOLE 170100 22500 8100
DOWNEY FINL CORP COM 261018105 22 1100 SH DEFINED 1100 0 0
DUN & BRADSTREET CORP DEL COM 26483B106 13762 466500 SH SOLE 368100 53800 44600
DUN & BRADSTREET CORP DEL COM 26483B106 1634 55400 SH DEFINED 55400 0 0
ENI S P A COM 26874R108 14321 259800 SH SOLE 246500 7900 5400
EOG RES INC COM 26875P101 32584 1855300 SH SOLE 1628200 128400 98700
EOG RES INC COM 26875P101 1595 90800 SH DEFINED 90800 0 0
EAST WEST BANCORP INC COM 27579R104 13854 1211300 SH SOLE 1145700 39700 25900
EDISON INTL COM 281020107 17336 662000 SH SOLE 627700 20300 14000
EL PASO ELEC CO COM 283677854 3650 372000 SH DEFINED 1 372000 0 0
EL PASO ELEC CO COM 283677854 73 7400 SH DEFINED 7400 0 0
EL PASO ELEC CO COM 283677854 10441 1064100 SH SOLE 908000 115100 41000
EL PASO ENERGY CORP DEL COM 283905107 6474 166800 SH DEFINED 2 166800 0 0
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EL PASO ENERGY CORP DEL COM 283905107 41191 1061275 SH SOLE 548975 47400 464900
EL PASO ENERGY CORP DEL COM 283905107 551 14200 SH DEFINED 14200 0 0
ELCOR CORP COM 284443108 1729 57400 SH DEFINED 1 57400 0 0
ELCOR CORP COM 284443108 6341 210500 SH SOLE 186000 18100 6400
ELCOR CORP COM 284443108 27 900 SH DEFINED 900 0 0
EQUITY OFFICE PPTYS TR COM 294741103 22928 931100 SH SOLE 486500 45800 398800
EQUITY OFFICE PPTYS TR COM 294741103 355 14400 SH DEFINED 14400 0 0
EQUITY OFFICE PPTYS TR PFD CV B 294741509 113 2900 SH DEFINED 2900 0 0
EQUITY OFFICE PPTYS TR PFD CV B 294741509 11252 288500 SH SOLE 288500 0 0
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 19602 459200 SH SOLE 229600 24400 205200
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 299 7000 SH DEFINED 7000 0 0
EQUITY RESIDENTIAL PPTYS TR DP RP PF 29476L85 109 5500 SH DEFINED 5500 0 0
EQUITY RESIDENTIAL PPTYS TR DP RP PF 29476L85 7126 360800 SH SOLE 360800 0 0
EVEREST REINS HLDGS INC COM 299808105 6230 279200 SH DEFINED 1 279200 0 0
EVEREST REINS HLDGS INC COM 299808105 36338 1628600 SH SOLE 1345100 176800 106700
EVEREST REINS HLDGS INC COM 299808105 1943 87092 SH DEFINED 87092 0 0
EXPEDITORS INTL WASH INC COM 302130109 21911 500100 SH SOLE 474100 15300 10700
EXXON MOBIL CORP COM 30231G102 9517 118136 SH SOLE 37328 0 80808
FBR ASSET INVT CORP COM 30241E303 20 1400 SH DEFINED 1400 0 0
FBR ASSET INVT CORP COM 30241E303 6786 484700 SH SOLE 452500 19900 12300
FMC CORP COM 302491303 2344 40900 SH DEFINED 1 40900 0 0
FMC CORP COM 302491303 7995 139500 SH SOLE 121500 13500 4500
FMC CORP COM 302491303 34 600 SH DEFINED 600 0 0
FAB INDS INC COM 302747100 360 33300 SH SOLE 31000 1400 900
FEDERAL HOME LN MTG CORP COM 313400301 707 15025 SH DEFINED 2 15025 0 0
FEDERAL HOME LN MTG CORP COM 313400301 129198 2745250 SH SOLE 1783750 110200 851300
FEDERAL HOME LN MTG CORP COM 313400301 1247 26500 SH DEFINED 26500 0 0
FEDERAL NATL MTG ASSN COM 313586109 9447 151300 SH DEFINED 2 151300 0 0
FEDERAL NATL MTG ASSN COM 313586109 87198 1396565 SH SOLE 774240 63100 559225
FEDERAL NATL MTG ASSN COM 313586109 1161 18600 SH DEFINED 18600 0 0
FEDERATED DEPT STORES INC DE COM 31410H101 4467 88350 SH DEFINED 2 88350 0 0
FEDERATED DEPT STORES INC DE COM 31410H101 20382 403100 SH SOLE 209500 18700 174900
FEDERATED DEPT STORES INC DE COM 31410H101 293 5800 SH DEFINED 5800 0 0
FINL SEC ASSURN HLDGS LTD COM 31769P100 14658 281200 SH SOLE 266800 8500 5900
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FLEETBOSTON FINL CORP COM 339030108 8152 234175 SH DEFINED 2 234175 0 0
FLEETBOSTON FINL CORP COM 339030108 64957 1865900 SH SOLE 957600 87300 821000
FLEETBOSTON FINL CORP COM 339030108 947 27200 SH DEFINED 27200 0 0
FLETCHER CHALLENGE ENRG DIV COM 339318107 2606 101200 SH DEFINED 1 101200 0 0
FLETCHER CHALLENGE ENRG DIV COM 339318107 5642 219100 SH SOLE 179300 27800 12000
FLETCHER CHALLENGE ENRG DIV COM 339318107 41 1600 SH DEFINED 1600 0 0
FOOTSTAR INC COM 344912100 2077 68100 SH DEFINED 1 68100 0 0
FOOTSTAR INC COM 344912100 7082 232200 SH SOLE 203700 21000 7500
FOOTSTAR INC COM 344912100 31 1000 SH DEFINED 1000 0 0
FORD MTR CO DEL COM 345370100 16255 304900 SH SOLE 288600 9600 6700
FOREST OIL CORP COM 346091606 4543 344500 SH DEFINED 1 344500 0 0
FOREST OIL CORP COM 346091606 11585 878500 SH SOLE 742800 97300 38400
FOREST OIL CORP COM 346091606 57 4300 SH DEFINED 4300 0 0
GC COS INC COM 36155Q109 7721 298400 SH SOLE 280200 9700 8500
GTE CORP COM 362320103 96720 1370705 SH SOLE 752805 56800 561100
GTE CORP COM 362320103 1178 16700 SH DEFINED 16700 0 0
GABLES RESIDENTIAL TR COM 362418105 1658 69100 SH SOLE 65600 2100 1400
GALILEO INTL INC COM 363547100 31324 1046300 SH SOLE 992200 32300 21800
GARTNER GROUP INC NEW COM 366651107 1165 76400 SH DEFINED 1 76400 0 0
GARTNER GROUP INC NEW COM 366651107 3358 220200 SH SOLE 188200 23600 8400
GARTNER GROUP INC NEW COM 366651107 23 1500 SH DEFINED 1500 0 0
GAYLORD CONTAINER CORP COM 368145108 759 111400 SH SOLE 111400 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 1637 115400 SH DEFINED 1 115400 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 5273 371700 SH SOLE 324800 33700 13200
GENERAL SEMICONDUCTOR INC COM 370787103 26 1800 SH DEFINED 1800 0 0
GOLDEN ST BANCORP INC COM 381197102 13831 801800 SH SOLE 635500 90900 75400
GOLDEN ST BANCORP INC COM 381197102 1661 96300 SH DEFINED 96300 0 0
GOLDEN ST BANCORP INC LTGTN TR 381197136 3784 4325064 SH SOLE 4084032 142707 98325
GOODRICH B F CO COM 382388106 26804 974700 SH SOLE 873500 55900 45300
GOODRICH B F CO COM 382388106 1155 42000 SH DEFINED 42000 0 0
GRAND UN CO COM 386532402 4452 439700 SH DEFINED 1 439700 0 0
GRAND UN CO COM 386532402 73 7200 SH DEFINED 7200 0 0
GRAND UN CO COM 386532402 12132 1198200 SH SOLE 1036500 114600 47100
GRANITE BROADCASTING CORP COM 387241102 473 46700 SH SOLE 46700 0 0
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HALLIBURTON CO COM 406216101 11523 286275 SH DEFINED 2 286275 0 0
HALLIBURTON CO COM 406216101 45270 1124715 SH SOLE 592315 54900 477500
HALLIBURTON CO COM 406216101 765 19000 SH DEFINED 19000 0 0
HARCOURT GEN INC COM 41163G101 6759 167925 SH DEFINED 2 167925 0 0
HARCOURT GEN INC COM 41163G101 127637 3171109 SH SOLE 2108509 209800 852800
HARCOURT GEN INC COM 41163G101 5450 135400 SH DEFINED 135400 0 0
HEWLETT PACKARD CO COM 428236103 86274 758450 SH SOLE 389450 35300 333700
HEWLETT PACKARD CO COM 428236103 1263 11100 SH DEFINED 11100 0 0
HIBERNIA CORP COM 428656102 5712 537600 SH SOLE 421300 64700 51600
HIBERNIA CORP COM 428656102 646 60800 SH DEFINED 60800 0 0
HIGHLANDS INS GROUP INC COM 431032101 4168 441600 SH SOLE 412400 17400 11800
HOME PPTYS NY INC COM 437306103 1822 66400 SH SOLE 63000 2000 1400
HONEYWELL INTL INC COM 438516106 10645 184525 SH DEFINED 2 184525 0 0
HONEYWELL INTL INC COM 438516106 71066 1231920 SH SOLE 629070 61000 541850
HONEYWELL INTL INC COM 438516106 1085 18800 SH DEFINED 18800 0 0
HUDSON CITY BANCORP INC COM 443683107 1083 80600 SH SOLE 80600 0 0
HUTTIG BLDG PRODS INC COM 448451104 123 24955 SH DEFINED 1 24955 0 0
HUTTIG BLDG PRODS INC COM 448451104 346 70177 SH SOLE 60757 7643 1777
HUTTIG BLDG PRODS INC COM 448451104 2 311 SH DEFINED 311 0 0
IMC GLOBAL INC WT 12-31 449669118 0 1 SH SOLE 0 0 1
ITLA CAP CORP COM 450565106 14 1100 SH DEFINED 1100 0 0
ITLA CAP CORP COM 450565106 1362 108400 SH SOLE 102300 3500 2600
ILLINOIS TOOL WKS INC COM 452308109 41828 619100 SH SOLE 318200 28300 272600
ILLINOIS TOOL WKS INC COM 452308109 595 8800 SH DEFINED 8800 0 0
IMPERIAL BANCORP COM 452556103 6183 256300 SH DEFINED 1 256300 0 0
IMPERIAL BANCORP COM 452556103 28275 1172000 SH SOLE 1000900 113600 57500
IMPERIAL BANCORP COM 452556103 970 40200 SH DEFINED 40200 0 0
IMPERIAL CR COML MTG INVT CO COM 45272T102 22 1900 SH DEFINED 1900 0 0
IMPERIAL CR COML MTG INVT CO COM 45272T102 19954 1754200 SH SOLE 1664500 53400 36300
INFINIUM SOFTWARE INC COM 45662Y109 65 9600 SH SOLE 9600 0 0
INFINIUM SOFTWARE INC COM 45662Y109 18 2600 SH DEFINED 2600 0 0
INGERSOLL RAND CO COM 456866102 7490 136025 SH DEFINED 2 136025 0 0
INGERSOLL RAND CO COM 456866102 41093 746300 SH SOLE 389400 34100 322800
INGERSOLL RAND CO COM 456866102 567 10300 SH DEFINED 10300 0 0
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNATIONAL BUSINESS MACHS COM 459200101 36796 341100 SH SOLE 174500 16200 150400
INTERNATIONAL BUSINESS MACHS COM 459200101 529 4900 SH DEFINED 4900 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 10757 619100 SH SOLE 510800 55700 52600
INTERNATIONAL HOME FOODS INC COM 459655106 1135 65300 SH DEFINED 65300 0 0
INTERNATIONAL PAPER CO COM 460146103 53140 941575 SH SOLE 482775 44200 414600
INTERNATIONAL PAPER CO COM 460146103 768 13600 SH DEFINED 13600 0 0
JONES APPAREL GROUP INC COM 480074103 37370 1377700 SH SOLE 1100900 139400 137400
JONES APPAREL GROUP INC COM 480074103 3770 139000 SH DEFINED 139000 0 0
JOSTENS INC COM 481088102 14121 580800 SH SOLE 550900 17800 12100
KAISER ALUM CORP COM 483007100 2840 369400 SH DEFINED 1 369400 0 0
KAISER ALUM CORP COM 483007100 7908 1028700 SH SOLE 883700 100300 44700
KAISER ALUM CORP COM 483007100 39 5100 SH DEFINED 5100 0 0
KEEBLER FOODS CO COM 487256109 26201 931600 SH SOLE 777400 85100 69100
KEEBLER FOODS CO COM 487256109 2129 75700 SH DEFINED 75700 0 0
KELLY SVCS INC COM 488152208 10424 414900 SH SOLE 395800 10100 9000
KERR MCGEE CORP COM 492386107 37297 601566 SH SOLE 322248 30062 249256
KERR MCGEE CORP COM 492386107 629 10151 SH DEFINED 10151 0 0
KERR MCGEE CORP DECS 5.5 492386305 7514 232100 SH SOLE 220100 7000 5000
KIMBERLY CLARK CORP COM 494368103 10876 166200 SH DEFINED 2 166200 0 0
KIMBERLY CLARK CORP COM 494368103 78407 1198200 SH SOLE 611200 56100 530900
KIMBERLY CLARK CORP COM 494368103 1145 17500 SH DEFINED 17500 0 0
KNIGHT RIDDER INC COM 499040103 21848 366800 SH SOLE 181600 18000 167200
KNIGHT RIDDER INC COM 499040103 328 5500 SH DEFINED 5500 0 0
KRANZCO RLTY TR COM 50076E103 811 92000 SH SOLE 85900 3700 2400
KULICKE & SOFFA INDS INC COM 501242101 1766 41500 SH DEFINED 1 41500 0 0
KULICKE & SOFFA INDS INC COM 501242101 5022 118000 SH SOLE 101300 12400 4300
KULICKE & SOFFA INDS INC COM 501242101 30 700 SH DEFINED 700 0 0
LNR PPTY CORP COM 501940100 27962 1406900 SH SOLE 1334500 43200 29200
LNR PPTY CORP COM 501940100 12 600 SH DEFINED 600 0 0
LTC PPTYS INC COM 502175102 1546 183200 SH SOLE 173900 5500 3800
LAFARGE CORP COM 505862102 15318 554500 SH SOLE 440600 63300 50600
LAFARGE CORP COM 505862102 1646 59600 SH DEFINED 59600 0 0
LEGG MASON INC COM 524901105 3741 103200 SH DEFINED 1 103200 0 0
LEGG MASON INC COM 524901105 11430 315300 SH SOLE 273300 31400 10600
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LEGG MASON INC COM 524901105 51 1400 SH DEFINED 1400 0 0
LEHMAN BROTHERS HLDGS INC COM 524908100 34980 413050 SH SOLE 211900 19300 181850
LEHMAN BROTHERS HLDGS INC COM 524908100 508 6000 SH DEFINED 6000 0 0
LENNAR CORP COM 526057104 201 12400 SH SOLE 12400 0 0
LEUCADIA NATL CORP COM 527288104 16879 729900 SH SOLE 689400 23700 16800
LIBERTY FINL COS INC COM 530512102 2709 118100 SH SOLE 106100 4300 7700
LIBERTY PPTY TR COM 531172104 3665 148100 SH SOLE 140000 4900 3200
LIFEPOINT HOSPS INC COM 53219L109 3414 289000 SH DEFINED 1 289000 0 0
LIFEPOINT HOSPS INC COM 53219L109 10035 849500 SH SOLE 737500 76900 35100
LIFEPOINT HOSPS INC COM 53219L109 47 4000 SH DEFINED 4000 0 0
LINCARE HLDGS INC COM 532791100 5675 163600 SH DEFINED 1 163600 0 0
LINCARE HLDGS INC COM 532791100 20462 589900 SH SOLE 510600 61300 18000
LINCARE HLDGS INC COM 532791100 101 2900 SH DEFINED 2900 0 0
LITTON INDS INC COM 538021106 176200 3532834 SH SOLE 2607484 221300 704050
LITTON INDS INC COM 538021106 7488 150136 SH DEFINED 150136 0 0
LIZ CLAIBORNE INC COM 539320101 26750 710959 SH SOLE 362330 31800 316829
LIZ CLAIBORNE INC COM 539320101 350 9300 SH DEFINED 9300 0 0
LOCAL FINL CORP COM 539553107 6 600 SH DEFINED 600 0 0
LOCAL FINL CORP COM 539553107 7178 691900 SH SOLE 653000 23800 15100
LOEWS CORP COM 540424108 8671 142875 SH DEFINED 2 142875 0 0
LOEWS CORP COM 540424108 121755 2006259 SH SOLE 1437159 82100 487000
LOEWS CORP COM 540424108 834 13750 SH DEFINED 13750 0 0
LOUIS DREYFUS NAT GAS CORP COM 546011107 2287 126200 SH DEFINED 1 126200 0 0
LOUIS DREYFUS NAT GAS CORP COM 546011107 6121 337700 SH SOLE 284600 38400 14700
LOUIS DREYFUS NAT GAS CORP COM 546011107 33 1800 SH DEFINED 1800 0 0
LOUISIANA PAC CORP COM 546347105 8914 633900 SH SOLE 600600 19700 13600
LUFKIN INDS INC COM 549764108 641 42720 SH SOLE 39600 1820 1300
LYONDELL CHEMICAL CO COM 552078107 11401 894200 SH SOLE 720300 96700 77200
LYONDELL CHEMICAL CO COM 552078107 1159 90900 SH DEFINED 90900 0 0
MCI WORLDCOM INC COM 55268B106 30646 577537 SH SOLE 551685 13768 12084
MACK CALI RLTY CORP COM 554489104 10292 394900 SH SOLE 201600 18700 174600
MACK CALI RLTY CORP COM 554489104 164 6300 SH DEFINED 6300 0 0
MANULIFE FINL CORP COM 56501R106 5194 409400 SH SOLE 388400 12500 8500
MARK IV INDS INC COM 570387100 1319 74600 SH DEFINED 1 74600 0 0
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MARK IV INDS INC COM 570387100 3656 206700 SH SOLE 176100 22600 8000
MARK IV INDS INC COM 570387100 18 1000 SH DEFINED 1000 0 0
MARSH & MCLENNAN COS INC COM 571748102 4526 47300 SH DEFINED 2 47300 0 0
MARSH & MCLENNAN COS INC COM 571748102 30356 317240 SH SOLE 151740 11700 153800
MARSH & MCLENNAN COS INC COM 571748102 344 3600 SH DEFINED 3600 0 0
MARTIN MARIETTA MTLS INC COM 573284106 11168 272400 SH SOLE 219800 29200 23400
MARTIN MARIETTA MTLS INC COM 573284106 1132 27600 SH DEFINED 27600 0 0
MASTEC INC COM 576323109 2568 57700 SH DEFINED 1 57700 0 0
MASTEC INC COM 576323109 7391 166100 SH SOLE 141700 18000 6400
MASTEC INC COM 576323109 53 1200 SH DEFINED 1200 0 0
MAXTOR CORP COM 577729206 3879 535000 SH DEFINED 1 535000 0 0
MAXTOR CORP COM 577729206 12833 1770100 SH SOLE 1542100 167000 61000
MAXTOR CORP COM 577729206 104 14400 SH DEFINED 14400 0 0
MAXIMUS INC COM 577933104 665 19600 SH DEFINED 1 19600 0 0
MAXIMUS INC COM 577933104 2128 62700 SH SOLE 52800 6000 3900
MAXIMUS INC COM 577933104 17 500 SH DEFINED 500 0 0
MEDIAONE GROUP INC COM 58440J104 121657 1583817 SH SOLE 984368 67902 531547
MEDIAONE GROUP INC COM 58440J104 1344 17500 SH DEFINED 17500 0 0
MEDITRUST COM 58501T306 3352 609425 SH SOLE 577850 18700 12875
MEDITRUST COM 58501T306 5 900 SH DEFINED 900 0 0
MERCHANTS GROUP INC COM 588539106 905 46400 SH SOLE 43100 2000 1300
MEREDITH CORP COM 589433101 17271 414300 SH SOLE 335300 43200 35800
MEREDITH CORP COM 589433101 1718 41200 SH DEFINED 41200 0 0
MERISTAR HOSPITALITY CORP COM 58984Y103 13776 861012 SH SOLE 524552 34418 302042
MERISTAR HOSPITALITY CORP COM 58984Y103 100 6230 SH DEFINED 6230 0 0
MICHAELS STORES INC COM 594087108 2328 81700 SH DEFINED 1 81700 0 0
MICHAELS STORES INC COM 594087108 8342 292700 SH SOLE 254800 27500 10400
MICHAELS STORES INC COM 594087108 43 1500 SH DEFINED 1500 0 0
MICRO LINEAR CORP COM 594850109 110 12900 SH SOLE 12900 0 0
MICRO LINEAR CORP COM 594850109 51 6000 SH DEFINED 6000 0 0
MICRO WAREHOUSE INC COM 59501B105 22 1200 SH DEFINED 1200 0 0
MICRO WAREHOUSE INC COM 59501B105 3491 188700 SH SOLE 178600 5400 4700
MID-AMER APT CMNTYS INC COM 59522J103 1765 78000 SH SOLE 73800 2500 1700
MONDAVI ROBERT CORP COM 609200100 2179 62700 SH DEFINED 1 62700 0 0
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MONDAVI ROBERT CORP COM 609200100 6846 197000 SH SOLE 171500 20800 4700
MONDAVI ROBERT CORP COM 609200100 24 700 SH DEFINED 700 0 0
MOOG INC COM 615394202 2492 92300 SH DEFINED 1 92300 0 0
MOOG INC COM 615394202 5756 213200 SH SOLE 185600 21500 6100
MOOG INC COM 615394202 27 1000 SH DEFINED 1000 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 4340 30400 SH DEFINED 2 30400 0 0
MOVIE GALLERY INC COM 624581104 58 13400 SH SOLE 13400 0 0
MOVIE GALLERY INC COM 624581104 16 3600 SH DEFINED 3600 0 0
MUTUAL RISK MGMT LTD COM 628351108 15 900 SH DEFINED 900 0 0
MYLAN LABS INC COM 628530107 16062 637700 SH SOLE 513600 69000 55100
MYLAN LABS INC COM 628530107 1635 64900 SH DEFINED 64900 0 0
NABISCO HLDGS CORP COM 629526104 7344 233150 SH DEFINED 2 233150 0 0
NABISCO HLDGS CORP COM 629526104 38263 1214700 SH SOLE 622200 57100 535400
NABISCO HLDGS CORP COM 629526104 554 17600 SH DEFINED 17600 0 0
NATIONAL PRESTO INDS INC COM 637215104 6213 175000 SH SOLE 166100 5300 3600
NATIONAL SEMICONDUCTOR CORP COM 637640103 18011 420700 SH SOLE 215600 19800 185300
NATIONAL SEMICONDUCTOR CORP COM 637640103 261 6100 SH DEFINED 6100 0 0
NATIONWIDE FINL SVCS INC COM 638612101 8420 301400 SH SOLE 241400 33400 26600
NATIONWIDE FINL SVCS INC COM 638612101 874 31300 SH DEFINED 31300 0 0
NATIONWIDE HLTH PPTYS COM 638620104 3306 240400 SH SOLE 227000 8100 5300
NAUTICA ENTERPRISES INC COM 639089101 25 2200 SH DEFINED 2200 0 0
NAUTICA ENTERPRISES INC COM 639089101 10529 930760 SH SOLE 883060 28300 19400
NEIMAN MARCUS GROUPS INC COM 640204202 3565 127600 SH DEFINED 1 127600 0 0
NEIMAN MARCUS GROUPS INC COM 640204202 9007 322400 SH SOLE 273300 34000 15100
NEIMAN MARCUS GROUPS INC COM 640204202 42 1500 SH DEFINED 1500 0 0
NEIMAN MARCUS GROUPS INC COM 640204301 6480 240543 SH SOLE 185562 30758 24223
NEIMAN MARCUS GROUPS INC COM 640204301 39 1449 SH DEFINED 1449 0 0
NETWORKS ASSOCS INC COM 640938100 19271 722100 SH SOLE 624700 54200 43200
NETWORKS ASSOCS INC COM 640938100 1156 43300 SH DEFINED 43300 0 0
NEWPORT NEWS SHIPBLDING INC COM 652228107 5891 214200 SH DEFINED 1 214200 0 0
NEWPORT NEWS SHIPBLDING INC COM 652228107 56594 2057950 SH SOLE 1687450 226300 144200
NEWPORT NEWS SHIPBLDING INC COM 652228107 4477 162800 SH DEFINED 162800 0 0
NIAGARA MOHAWK HLDGS INC COM 653520106 93893 6736690 SH SOLE 5108890 452700 1175100
NIAGARA MOHAWK HLDGS INC COM 653520106 4142 297200 SH DEFINED 297200 0 0
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NIKE INC COM 654106103 42921 866000 SH SOLE 444100 40300 381600
NIKE INC COM 654106103 615 12400 SH DEFINED 12400 0 0
NIPPON TELEG & TEL CORP COM 654624105 45018 522700 SH SOLE 289400 32800 200500
NIPPON TELEG & TEL CORP COM 654624105 965 11200 SH DEFINED 11200 0 0
NOBLE DRILLING CORP COM 655042109 31393 958570 SH SOLE 487170 44200 427200
NOBLE DRILLING CORP COM 655042109 449 13700 SH DEFINED 13700 0 0
NORTHEAST UTILS COM 664397106 15331 745600 SH SOLE 589400 86900 69300
NORTHEAST UTILS COM 664397106 1672 81300 SH DEFINED 81300 0 0
NORTHROP GRUMMAN CORP COM 666807102 8185 151400 SH DEFINED 2 151400 0 0
NORTHROP GRUMMAN CORP COM 666807102 141549 2618250 SH SOLE 1927650 162000 528600
NORTHROP GRUMMAN CORP COM 666807102 5947 110000 SH DEFINED 110000 0 0
OCCIDENTAL PETE CORP COM 674599105 7435 343800 SH DEFINED 2 343800 0 0
OCCIDENTAL PETE CORP COM 674599105 53137 2457200 SH SOLE 1265100 119600 1072500
OCCIDENTAL PETE CORP COM 674599105 809 37400 SH DEFINED 37400 0 0
OCEAN ENERGY INC COM 67481E106 2168 279800 SH DEFINED 1 279800 0 0
OCEAN ENERGY INC COM 67481E106 5463 704900 SH SOLE 585900 87400 31600
OCEAN ENERGY INC COM 67481E106 41 5300 SH DEFINED 5300 0 0
OFFICE DEPOT INC COM 676220106 4474 406700 SH DEFINED 2 406700 0 0
OFFICE DEPOT INC COM 676220106 53359 4850850 SH SOLE 2715500 285600 1849750
OFFICE DEPOT INC COM 676220106 1678 152500 SH DEFINED 152500 0 0
OFFICE DEPOT INC CV 676220AB2 122 180000 SH DEFINED 180000 0 0
OFFICE DEPOT INC CV 676220AB2 8686 12820000 SH SOLE 11190000 0 1630000
OLD REP INTL CORP COM 680223104 411 30200 SH SOLE 30200 0 0
OLIN CORP COM 680665205 2288 115500 SH DEFINED 1 115500 0 0
OLIN CORP COM 680665205 7299 368400 SH SOLE 324600 35800 8000
OLIN CORP COM 680665205 34 1700 SH DEFINED 1700 0 0
PECO ENERGY CO COM 693304107 9791 281750 SH DEFINED 2 281750 0 0
PECO ENERGY CO COM 693304107 47720 1373250 SH SOLE 700850 64200 608200
PECO ENERGY CO COM 693304107 702 20200 SH DEFINED 20200 0 0
PACIFIC CENTY FINL CORP COM 694058108 3951 211400 SH SOLE 179600 23900 7900
PACIFIC CENTY FINL CORP COM 694058108 21 1100 SH DEFINED 1100 0 0
PARK PL ENTMT CORP COM 700690100 35383 2830600 SH SOLE 1936100 213500 681000
PARK PL ENTMT CORP COM 700690100 2125 170000 SH DEFINED 170000 0 0
PAYLESS SHOESOURCE INC COM 704379106 15106 321400 SH SOLE 304800 9900 6700
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PENNZOIL-QUAKER ST CO COM 709323109 3816 374600 SH SOLE 357200 9200 8200
PHELPS DODGE CORP COM 717265102 9176 136200 SH SOLE 99900 20300 16000
PHELPS DODGE CORP COM 717265102 1401 20800 SH DEFINED 20800 0 0
PITTSTON CO COM 725701106 2233 101500 SH DEFINED 1 101500 0 0
PITTSTON CO COM 725701106 48 2200 SH DEFINED 2200 0 0
PITTSTON CO COM 725701106 28505 1295700 SH SOLE 1204000 61200 30500
PLAYTEX PRODS INC COM 72813P100 7629 496200 SH DEFINED 1 496200 0 0
PLAYTEX PRODS INC COM 72813P100 18969 1233750 SH SOLE 1057150 130400 46200
PLAYTEX PRODS INC COM 72813P100 100 6500 SH DEFINED 6500 0 0
POLAROID CORP COM 731095105 1298 69000 SH DEFINED 1 69000 0 0
POLAROID CORP COM 731095105 3742 198900 SH SOLE 169100 22000 7800
POLAROID CORP COM 731095105 19 1000 SH DEFINED 1000 0 0
PRENTISS PPTYS TR COM 740706106 11960 559547 SH SOLE 261947 23900 273700
PRENTISS PPTYS TR COM 740706106 165 7740 SH DEFINED 7740 0 0
PROGRESS SOFTWARE CORP COM 743312100 2611 46000 SH DEFINED 1 46000 0 0
PROGRESS SOFTWARE CORP COM 743312100 7258 127900 SH SOLE 109300 14000 4600
PROGRESS SOFTWARE CORP COM 743312100 45 800 SH DEFINED 800 0 0
PROTECTIVE LIFE CORP COM 743674103 21912 688800 SH SOLE 555500 74000 59300
PROTECTIVE LIFE CORP COM 743674103 2230 70100 SH DEFINED 70100 0 0
PUBLIC SVC CO N MEX COM 744499104 13775 847700 SH SOLE 803900 26100 17700
PUBLIC STORAGE INC COM 74460D109 3426 150992 SH SOLE 139694 8202 3096
QUAKER OATS CO COM 747402105 38517 586925 SH SOLE 301025 27500 258400
QUAKER OATS CO COM 747402105 564 8600 SH DEFINED 8600 0 0
QUANTUM CORP COM 747906303 1463 210900 SH DEFINED 1 210900 0 0
QUANTUM CORP COM 747906303 43 6200 SH DEFINED 6200 0 0
QUANTUM CORP COM 747906303 5463 787400 SH SOLE 697800 65700 23900
R & B FALCON CORP COM 74912E101 22550 1701900 SH SOLE 1358200 187900 155800
R & B FALCON CORP COM 74912E101 2576 194400 SH DEFINED 194400 0 0
RFS HOTEL INVS INC COM 74955J108 16809 1610441 SH SOLE 1199841 59800 350800
RFS HOTEL INVS INC COM 74955J108 89 8540 SH DEFINED 8540 0 0
R H DONNELLEY CORP COM 74955W307 3197 169400 SH DEFINED 1 169400 0 0
R H DONNELLEY CORP COM 74955W307 10342 547900 SH SOLE 473100 55500 19300
R H DONNELLEY CORP COM 74955W307 85 4500 SH DEFINED 4500 0 0
READERS DIGEST ASSN INC COM 755267101 8161 279000 SH SOLE 220400 32600 26000
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
READERS DIGEST ASSN INC COM 755267101 895 30600 SH DEFINED 30600 0 0
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 139 7000 SH DEFINED 7000 0 0
RECKSON ASSOCS RLTY CORP PFD COV 75621K205 4094 206000 SH SOLE 206000 0 0
RELIASTAR FINL CORP COM 75952U103 42123 1074900 SH SOLE 863600 115900 95400
RELIASTAR FINL CORP COM 75952U103 4401 112300 SH DEFINED 112300 0 0
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 103 165000 SH DEFINED 165000 0 0
RENAL TREATMENT CTRS INC SNTCV 5 759671AC4 4753 7605000 SH SOLE 5985000 0 1620000
REPUBLIC N Y CORP COM 760719104 38635 536600 SH SOLE 512800 12600 11200
REPUBLIC SVCS INC COM 760759100 544 38200 SH SOLE 38200 0 0
REYNOLDS METALS CO COM 761763101 58338 761350 SH SOLE 381150 32300 347900
REYNOLDS METALS CO COM 761763101 766 10000 SH DEFINED 10000 0 0
RICHMOND CNTY FINL CORP COM 764556106 3638 201400 SH DEFINED 1 201400 0 0
RICHMOND CNTY FINL CORP COM 764556106 10216 565600 SH SOLE 481300 61300 23000
RICHMOND CNTY FINL CORP COM 764556106 38 2100 SH DEFINED 2100 0 0
RISK CAP HLDGS INC COM 767711104 6 500 SH DEFINED 500 0 0
RISK CAP HLDGS INC COM 767711104 3044 241100 SH SOLE 228400 7600 5100
ROBERT HALF INTL INC COM 770323103 29631 1037400 SH SOLE 880600 86900 69900
ROBERT HALF INTL INC COM 770323103 2136 74800 SH DEFINED 74800 0 0
ROCK-TENN CO COM 772739207 681 46200 SH SOLE 46200 0 0
ROHM & HAAS CO COM 775371107 39687 975400 SH SOLE 502400 47700 425300
ROHM & HAAS CO COM 775371107 598 14700 SH DEFINED 14700 0 0
ROSS STORES INC COM 778296103 20009 1115500 SH SOLE 903200 117500 94800
ROSS STORES INC COM 778296103 2140 119300 SH DEFINED 119300 0 0
ROUGE INDS INC DEL COM 779088103 543 69000 SH SOLE 69000 0 0
RUSSELL CORP COM 782352108 89 5300 SH DEFINED 1 5300 0 0
RUSSELL CORP COM 782352108 837 50000 SH SOLE 50000 0 0
SBC COMMUNICATIONS INC COM 78387G103 9035 185325 SH DEFINED 2 185325 0 0
SBC COMMUNICATIONS INC COM 78387G103 130803 2683140 SH SOLE 1357536 120096 1205508
SBC COMMUNICATIONS INC COM 78387G103 1833 37596 SH DEFINED 37596 0 0
SLM HLDG CORP COM 78442A109 71229 1685900 SH SOLE 1221100 65900 398900
SLM HLDG CORP COM 78442A109 537 12700 SH DEFINED 12700 0 0
SPS TECHNOLOGIES INC COM 784626103 2223 69600 SH DEFINED 1 69600 0 0
SPS TECHNOLOGIES INC COM 784626103 26 800 SH DEFINED 800 0 0
SPS TECHNOLOGIES INC COM 784626103 5896 184600 SH SOLE 157400 19900 7300
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ST PAUL COS INC COM 792860108 30686 910900 SH SOLE 416600 29300 465000
ST PAUL COS INC COM 792860108 310 9200 SH DEFINED 9200 0 0
SAKS INC COM 79377W108 19089 1226600 SH SOLE 976200 138900 111500
SAKS INC COM 79377W108 2182 140200 SH DEFINED 140200 0 0
SARA LEE CORP COM 803111103 5024 227700 SH DEFINED 2 227700 0 0
SARA LEE CORP COM 803111103 73 3300 SH SOLE 3300 0 0
SAVOIR TECHNOLOGY GROUP INC COM 80533W107 56 7900 SH SOLE 7900 0 0
SAVOIR TECHNOLOGY GROUP INC COM 80533W107 15 2100 SH DEFINED 2100 0 0
SCHLUMBERGER LTD COM 806857108 236 4200 SH SOLE 4200 0 0
SCIENTIFIC GAMES HLDGS CORP COM 808747109 4434 267700 SH SOLE 253200 8600 5900
SEAGATE TECHNOLOGY COM 811804103 5574 119700 SH DEFINED 2 119700 0 0
SEAGATE TECHNOLOGY COM 811804103 55613 1194370 SH SOLE 640970 53600 499800
SEAGATE TECHNOLOGY COM 811804103 4018 86300 SH DEFINED 86300 0 0
SEMPRA ENERGY CORP COM 816851109 13526 778500 SH SOLE 617200 88200 73100
SEMPRA ENERGY CORP COM 816851109 1576 90700 SH DEFINED 90700 0 0
SENSORMATIC ELECTRS CORP COM 817265101 9333 535200 SH DEFINED 1 535200 0 0
SENSORMATIC ELECTRS CORP COM 817265101 32608 1870000 SH SOLE 1641700 167400 60900
SENSORMATIC ELECTRS CORP COM 817265101 152 8700 SH DEFINED 8700 0 0
SHAW INDS INC COM 820286102 17938 1157300 SH SOLE 915900 136000 105400
SHAW INDS INC COM 820286102 2139 138000 SH DEFINED 138000 0 0
SHERWIN WILLIAMS CO COM 824348106 598 28500 SH SOLE 28500 0 0
SHOPKO STORES INC COM 824911101 1382 60100 SH DEFINED 1 60100 0 0
SHOPKO STORES INC COM 824911101 26717 1161600 SH SOLE 1022600 82300 56700
SHOPKO STORES INC COM 824911101 998 43394 SH DEFINED 43394 0 0
SHURGARD STORAGE CTRS INC COM 82567D104 1901 82000 SH SOLE 77500 2600 1900
SIGMA ALDRICH CORP COM 826552101 17184 571600 SH SOLE 461400 61300 48900
SIGMA ALDRICH CORP COM 826552101 1729 57500 SH DEFINED 57500 0 0
SILICON GRAPHICS INC COM 827056102 289 29800 SH SOLE 29800 0 0
SILICON GRAPHICS INC COM 827056102 13 1300 SH DEFINED 1300 0 0
SINCLAIR BROADCAST GROUP INC COM 829226109 288 23600 SH SOLE 23600 0 0
SNYDER COMMUNICATIONS INC COM 832914105 19683 1022500 SH SOLE 969800 31400 21300
SNYDER COMMUNICATIONS INC COM 832914105 15 800 SH DEFINED 800 0 0
SOUTHDOWN INC COM 841297104 32901 637300 SH SOLE 513300 68200 55800
SOUTHDOWN INC COM 841297104 3361 65100 SH DEFINED 65100 0 0
</TABLE>
<PAGE> 20
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SPRINT CORP COM 852061100 78620 1167980 SH SOLE 575580 50200 542200
SPRINT CORP COM 852061100 1064 15800 SH DEFINED 15800 0 0
STANDARD PAC CORP NEW COM 85375C101 2729 248100 SH DEFINED 1 248100 0 0
STANDARD PAC CORP NEW COM 85375C101 7840 712700 SH SOLE 603400 77600 31700
STANDARD PAC CORP NEW COM 85375C101 41 3700 SH DEFINED 3700 0 0
STATEN IS BANCORP INC COM 857550107 5276 293100 SH DEFINED 1 293100 0 0
STATEN IS BANCORP INC COM 857550107 15181 843400 SH SOLE 717800 90600 35000
STATEN IS BANCORP INC COM 857550107 85 4700 SH DEFINED 4700 0 0
STERLING SOFTWARE INC COM 859547101 10222 324500 SH DEFINED 2 324500 0 0
STERLING SOFTWARE INC COM 859547101 105272 3341970 SH SOLE 2378070 171100 792800
STERLING SOFTWARE INC COM 859547101 2700 85700 SH DEFINED 85700 0 0
STONERIDGE INC COM 86183P102 3358 217500 SH DEFINED 1 217500 0 0
STONERIDGE INC COM 86183P102 8478 549200 SH SOLE 469400 58500 21300
STONERIDGE INC COM 86183P102 42 2700 SH DEFINED 2700 0 0
STORAGE TECHNOLOGY CORP COM 862111200 26379 1430750 SH SOLE 1131150 164700 134900
STORAGE TECHNOLOGY CORP COM 862111200 2917 158200 SH DEFINED 158200 0 0
SUNBEAM CORP SBDBCV14 867071AA0 4068 23930000 SH SOLE 22950000 250000 730000
SUNGARD DATA SYS INC COM 867363103 31599 1330500 SH SOLE 1194700 77300 58500
SUNGARD DATA SYS INC COM 867363103 1147 48300 SH DEFINED 48300 0 0
SUPERIOR FINL CORP DEL COM 868161100 2809 252500 SH SOLE 233200 12200 7100
SUPERIOR FINL CORP DEL COM 868161100 197 17700 SH OTHER 0 0 17700
SUPERVALU INC COM 868536103 17552 877600 SH SOLE 712700 92800 72100
SUPERVALU INC COM 868536103 1830 91500 SH DEFINED 91500 0 0
SWIFT ENERGY CO COM 870738101 4555 396100 SH DEFINED 1 396100 0 0
SWIFT ENERGY CO COM 870738101 10643 925500 SH SOLE 785800 99900 39800
SWIFT ENERGY CO COM 870738101 89 7700 SH DEFINED 7700 0 0
SYBASE INC COM 871130100 719 42300 SH SOLE 42300 0 0
SYBASE INC COM 871130100 14 800 SH DEFINED 800 0 0
SYBRON INTL COM 87114F106 9359 379100 SH SOLE 299300 44400 35400
SYBRON INTL COM 87114F106 1029 41700 SH DEFINED 41700 0 0
TNP ENTERPRISES INC COM 872594106 8 200 SH DEFINED 200 0 0
TNP ENTERPRISES INC COM 872594106 7227 175200 SH SOLE 165700 5600 3900
TEMPLE INLAND INC COM 879868107 11410 173050 SH DEFINED 2 173050 0 0
TEMPLE INLAND INC COM 879868107 48560 736460 SH SOLE 414960 40800 280700
</TABLE>
<PAGE> 21
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TEMPLE INLAND INC COM 879868107 1306 19800 SH DEFINED 19800 0 0
TESORO PETE CORP COM 881609101 4841 418700 SH DEFINED 1 418700 0 0
TESORO PETE CORP COM 881609101 94 8100 SH DEFINED 8100 0 0
TESORO PETE CORP COM 881609101 13260 1146800 SH SOLE 976000 126200 44600
TEXACO INC COM 881694103 220 4050 SH SOLE 4050 0 0
3COM CORP COM 885535104 7323 155800 SH DEFINED 2 155800 0 0
3COM CORP COM 885535104 43823 932400 SH SOLE 478500 43900 410000
3COM CORP COM 885535104 639 13600 SH DEFINED 13600 0 0
TOKIO MARINE & FIRE INS LTD COM 889090403 8035 135900 SH SOLE 128700 4300 2900
TORONTO DOMINION BK ONT COM 891160509 22413 830100 SH SOLE 465850 50800 313450
TORONTO DOMINION BK ONT COM 891160509 400 14800 SH DEFINED 14800 0 0
TOSCO CORP COM 891490302 160887 5917697 SH SOLE 4019797 415900 1482000
TOSCO CORP COM 891490302 8382 308305 SH DEFINED 308305 0 0
TOTAL FINA S A COM 89151E109 27388 395489 SH SOLE 221689 24000 149800
TOTAL FINA S A COM 89151E109 464 6700 SH DEFINED 6700 0 0
TOYS R US INC COM 892335100 15868 1108700 SH SOLE 578200 50700 479800
TOYS R US INC COM 892335100 226 15800 SH DEFINED 15800 0 0
TRENWICK GROUP INC COM 895290104 5823 343800 SH SOLE 326050 10550 7200
TRIBUNE CO NEW COM 896047107 5826 105800 SH DEFINED 2 105800 0 0
TRIBUNE CO NEW COM 896047107 19960 362500 SH SOLE 189400 16400 156700
TRIBUNE CO NEW COM 896047107 275 5000 SH DEFINED 5000 0 0
TRIGON HEALTHCARE INC COM 89618L100 5640 191200 SH DEFINED 1 191200 0 0
TRIGON HEALTHCARE INC COM 89618L100 18567 629400 SH SOLE 549200 59500 20700
TRIGON HEALTHCARE INC COM 89618L100 71 2400 SH DEFINED 2400 0 0
TRINITY INDS INC COM 896522109 290 10200 SH SOLE 10200 0 0
TRIZEC HAHN CORP COM 896938107 24251 1437100 SH SOLE 1363100 44100 29900
TUPPERWARE CORP COM 899896104 425 25100 SH SOLE 6300 0 18800
USX-MARATHON GROUP COM 902905827 16151 654200 SH SOLE 340000 31300 282900
USX-MARATHON GROUP COM 902905827 244 9900 SH DEFINED 9900 0 0
UST INC COM 902911106 42307 1679700 SH SOLE 1593100 51700 34900
UNICOM CORP COM 904911104 20039 598170 SH SOLE 309570 27600 261000
UNICOM CORP COM 904911104 288 8600 SH DEFINED 8600 0 0
UNION PAC RES GROUP INC COM 907834105 26286 2061650 SH SOLE 1719750 191200 150700
UNION PAC RES GROUP INC COM 907834105 2083 163400 SH DEFINED 163400 0 0
</TABLE>
<PAGE> 22
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNITED PARCEL SVC INC COM 911312106 21 300 SH DEFINED 300 0 0
UNITED PARCEL SVC INC COM 911312106 8618 124900 SH SOLE 67800 2600 54500
U S HOME CORP NEW COM 911920106 10 400 SH DEFINED 400 0 0
U S HOME CORP NEW COM 911920106 951 37200 SH SOLE 35300 1000 900
UNIVERSAL CORP VA COM 913456109 16 700 SH DEFINED 700 0 0
UNIVERSAL CORP VA COM 913456109 5454 239100 SH SOLE 225900 7900 5300
VENTIV HEALTH INC COM 922793104 8473 922197 SH SOLE 872231 29766 20200
VENTIV HEALTH INC COM 922793104 11 1200 SH DEFINED 1200 0 0
VIAD CORP COM 92552R109 71965 2581700 SH SOLE 2089900 268500 223300
VIAD CORP COM 92552R109 7758 278330 SH DEFINED 278330 0 0
WARNACO GROUP INC COM 934390105 13789 1119900 SH SOLE 586600 49200 484100
WARNACO GROUP INC COM 934390105 163 13200 SH DEFINED 13200 0 0
WELLPOINT HEALTH NTWRKS NEW COM 94973H108 6660 101000 SH DEFINED 2 101000 0 0
WELLPOINT HEALTH NTWRKS NEW COM 94973H108 6337 96100 SH SOLE 29500 0 66600
WESTPOINT STEVENS INC COM 961238102 3145 179700 SH DEFINED 1 179700 0 0
WESTPOINT STEVENS INC COM 961238102 9972 569800 SH SOLE 491000 57500 21300
WESTPOINT STEVENS INC COM 961238102 49 2800 SH DEFINED 2800 0 0
WEYERHAEUSER CO COM 962166104 62010 863500 SH SOLE 442300 40600 380600
WEYERHAEUSER CO COM 962166104 898 12500 SH DEFINED 12500 0 0
WHIRLPOOL CORP COM 963320106 19408 298300 SH SOLE 233800 34000 30500
WHIRLPOOL CORP COM 963320106 2394 36800 SH DEFINED 36800 0 0
WORTHINGTON INDS INC COM 981811102 3558 214800 SH DEFINED 1 214800 0 0
WORTHINGTON INDS INC COM 981811102 10537 636200 SH SOLE 543300 68400 24500
WORTHINGTON INDS INC COM 981811102 55 3300 SH DEFINED 3300 0 0
YORK INTL CORP NEW COM 986670107 3265 119000 SH DEFINED 1 119000 0 0
YORK INTL CORP NEW COM 986670107 9987 364000 SH SOLE 311500 39000 13500
YORK INTL CORP NEW COM 986670107 49 1800 SH DEFINED 1800 0 0
YOUNG BROADCASTING INC COM 987434107 6242 122400 SH DEFINED 1 122400 0 0
YOUNG BROADCASTING INC COM 987434107 18528 363300 SH SOLE 312500 37100 13700
YOUNG BROADCASTING INC COM 987434107 97 1900 SH DEFINED 1900 0 0
ACE LTD COM G0070K103 8283 496350 SH DEFINED 2 496350 0 0
ACE LTD COM G0070K103 100790 6039837 SH SOLE 4600537 289200 1150100
ACE LTD COM G0070K103 3955 236995 SH DEFINED 236995 0 0
ANNUITY & LIFE RE HLDGS LTD COM G03910109 47 1800 SH DEFINED 1800 0 0
</TABLE>
<PAGE> 23
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IPC HLDGS LTD COM G4933P101 10 700 SH DEFINED 700 0 0
IPC HLDGS LTD COM G4933P101 6563 441200 SH SOLE 417600 14100 9500
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 5 400 SH DEFINED 400 0 0
KNIGHTSBRIDGE TANKERS LTD COM G5299G106 7644 566200 SH SOLE 537100 17300 11800
LASALLE RE HLDGS LTD COM G5383Q101 1173 71100 SH DEFINED 1 71100 0 0
LASALLE RE HLDGS LTD COM G5383Q101 11977 725900 SH SOLE 671000 36400 18500
LASALLE RE HLDGS LTD COM G5383Q101 5 300 SH DEFINED 300 0 0
PXRE GROUP LTD COM G73018106 13 1000 SH DEFINED 1000 0 0
SCOTTISH ANNUITY & LIFE HLDG COM G7885T104 2997 366100 SH SOLE 347000 11400 7700
TERRA NOVA BERMUDA HLDGS LTD COM G87615103 14706 490200 SH SOLE 465300 14700 10200
WHITE MOUNT INS GRP LTD BERM COM G9618E106 15316 127100 SH SOLE 120600 3900 2600
XL CAPITAL LTD COM G98255105 17242 332384 SH SOLE 315262 10179 6943
</TABLE>
