UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2003 Check here if Amendment [ ]; Amendment Number: _______________ This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Intel Corporation 2200 Mission College Boulevard Santa Clara, CA 95052-8119 Form 13F File Number: 28-5160 Person Signing this Report on Behalf of Reporting Manager: Arvind Sodhani, Vice President and Treasurer (408) 765-1240 --------------------------------------------------------------- ATTENTION--Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) --------------------------------------------------------------- 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. Signature, Place and Date of Signing: /S/Arvind Sodhani Santa Clara, California May 14, 2003 - ------------------- 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 manager(s).) Form 13F SUMMARY PAGE REPORTING MANAGER: INTEL CORPORATION Report Summary: Number of Other Included Managers: -0- Form 13F Information Table Entry Total: 287 Form 13F Information Table Value Total: $254,551 *Confidential Treatment Requested: Confidential information has been omitted from this Form 13F and filed separately with the Commission. 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. NONE 3/31/03 FORM 13F INFORMATION TABLE REPORTING MANAGER: INTEL CORPORATION
ITEM 4: ITEM 5: FAIR SHARES ITEM 8: ITEM 2: ITEM 3: MARKET OR ITEM 6: VOTING AUTHORITY ITEM 1: TITLE OF CUSIP VALUE PRINCIPAL SH/ INVESTMENT ITEM 7: (A) (B) (C) NAME OF ISSUER CLASS NUMBER (000) AMOUNT PRN DISCRETION MANAGERS SOLE SHARED NONE 3M CO COM 88579Y101 1,521 11,700 SH SOLE NONE 11,700 ABBOTT LABS COM 002824100 1,766 46,944 SH SOLE NONE 46,944 ACE LTD ORD G0070K103 229 7,900 SH SOLE NONE 7,900 A D C TELECOMMUNICATIONS COM 000886101 50 24,050 SH SOLE NONE 24,050 ADOBE SYS INC COM 00724F101 213 6,900 SH SOLE NONE 6,900 ADVANCED MICRO DEVICES INC COM 007903107 64 10,350 SH SOLE NONE 10,350 AES CORP COM 00130H105 59 16,350 SH SOLE NONE 16,350 AETNA INC NEW COM 00817Y108 224 4,539 SH SOLE NONE 4,539 AFLAC INC COM 001055102 498 15,550 SH SOLE NONE 15,550 AGILENT TECHNOLOGIES INC COM 00846U101 184 13,978 SH SOLE NONE 13,978 AIR PRODS & CHEMS INC COM 009158106 282 6,800 SH SOLE NONE 6,800 ALBERTSONS INC COM 013104104 215 11,401 SH SOLE NONE 11,401 ALCATEL SPON ADR 01373W106 275 39,942 SH SOLE NONE 39,942 CL O ALCOA INC COM 013817101 491 25,352 SH SOLE NONE 25,352 ALLERGAN INC COM 018490102 266 3,900 SH SOLE NONE 3,900 ALLSTATE CORP COM 020002101 699 21,080 SH SOLE NONE 21,080 ALLTEL CORP COM 020039103 416 9,300 SH SOLE NONE 9,300 ALTERA CORP COM 021441100 156 11,500 SH SOLE NONE 11,500 ALTRIA GROUP INC COM 02209S103 1,862 62,149 SH SOLE NONE 62,149 AMERICAN ELEC PWR INC COM 025537101 267 11,682 SH SOLE NONE 11,682 AMERICAN EXPRESS CO COM 025816109 1,311 39,450 SH SOLE NONE 39,450 AMERICAN INTL GROUP INC COM 026874107 3,874 78,343 SH SOLE NONE 78,343 Page Fair Market Value 14,922 AMGEN INC COM 031162100 2,223 38,635 SH SOLE NONE 38,635 AMSOUTH BANCORPORATION COM 032165102 213 10,700 SH SOLE NONE 10,700 ANADARKO PETE CORP COM 032511107 341 7,493 SH SOLE NONE 7,493 ANALOG DEVICES INC COM 032654105 300 10,900 SH SOLE NONE 10,900 ANHEUSER BUSCH COS INC COM 035229103 1,198 25,700 SH SOLE NONE 25,700 ANTHEM INC COM 03674B104 278 4,200 SH SOLE NONE 4,200 AOL TIME WARNER INC COM 00184A105 1,458 134,295 SH SOLE NONE 134,295 APACHE CORP COM 037411105 296 4,794 SH SOLE NONE 4,794 APOLLO GROUP INC CL A 037604105 259 5,200 SH SOLE NONE 5,200 APPLE COMPUTER INC COM 037833100 153 10,800 SH SOLE NONE 10,800 APPLIED MATLS INC COM 038222105 624 49,600 SH SOLE NONE 49,600 ARCHER DANIELS MIDLAND CO COM 039483102 209 19,367 SH SOLE NONE 19,367 AT&T CORP COM NEW 001957505 375 23,121 SH SOLE NONE 23,121 AT&T WIRELESS SVCS INC COM 00209A106 537 81,325 SH SOLE NONE 81,325 AUTOMATIC DATA PROCESSING IN COM 053015103 554 18,002 SH SOLE NONE 18,002 AVAYA INC COM 053499109 23 11,221 SH SOLE NONE 11,221 AVON PRODS INC COM 054303102 406 7,114 SH SOLE NONE 7,114 BAKER HUGHES INC COM 057224107 304 10,160 SH SOLE NONE 10,160 Page Fair Market Value 9,751 BANK NEW YORK INC COM 064057102 472 23,040 SH SOLE NONE 23,040 BANK OF AMERICA CORPORATION COM 060505104 3,016 45,117 SH SOLE NONE 45,117 BANK ONE CORP COM 06423A103 1,210 34,962 SH SOLE NONE 34,962 BAXTER INTL INC COM 071813109 333 17,840 SH SOLE NONE 17,840 BB&T CORP COM 054937107 443 14,100 SH SOLE NONE 14,100 BECTON DICKINSON & CO COM 075887109 262 7,600 SH SOLE NONE 7,600 BED BATH & BEYOND INC COM 075896100 304 8,800 SH SOLE NONE 8,800 BELLSOUTH CORP COM 079860102 1,211 55,882 SH SOLE NONE 55,882 BEST BUY INC COM 086516101 262 9,700 SH SOLE NONE 9,700 BIOMET INC COM 090613100 238 7,750 SH SOLE NONE 7,750 BLOCK H & R INC COM 093671105 231 5,400 SH SOLE NONE 5,400 BOEING CO COM 097023105 632 25,215 SH SOLE NONE 25,215 BOSTON SCIENTIFIC CORP COM 101137107 501 12,292 SH SOLE NONE 12,292 BRISTOL MYERS SQUIBB CO COM 110122108 1,229 58,146 SH SOLE NONE 58,146 BURLINGTON NORTHN SANTA FE C COM 12189T104 281 11,267 SH SOLE NONE 11,267 BURLINGTON RES INC COM 122014103 290 6,072 SH SOLE NONE 6,072 Page Fair Market Value 10,915 CALPINE CORP COM 131347106 38 11,400 SH SOLE NONE 11,400 CAMPBELL SOUP CO COM 134429109 258 12,300 SH SOLE NONE 12,300 CAPITAL ONE FINL CORP COM 14040H105 201 6,700 SH SOLE NONE 6,700 CARDINAL HEALTH INC COM 14149Y108 772 13,550 SH SOLE NONE 13,550 CARNIVAL CORP COM 143658102 424 17,600 SH SOLE NONE 17,600 CATERPILLAR INC DEL COM 149123101 506 10,290 SH SOLE NONE 10,290 CENDANT CORP COM 151313103 393 30,981 SH SOLE NONE 30,981 CHEVRONTEXACO CORP COM 166764100 2,071 32,040 SH SOLE NONE 32,040 CHIRON CORP COM 170040109 210 5,600 SH SOLE NONE 5,600 CHUBB CORP COM 171232101 228 5,150 SH SOLE NONE 5,150 CIENA CORP COM 171779101 57 13,000 SH SOLE NONE 13,000 CISCO SYS INC COM COM 17275R102 2,898 223,231 SH SOLE NONE 223,231 CITIGROUP INC COM 172967101 5,319 154,393 SH SOLE NONE 154,393 CLEAR CHANNEL COMMUNICATIONS COM 184502102 624 18,400 SH SOLE NONE 18,400 CLOROX CO DEL COM 189054109 305 6,600 SH SOLE NONE 6,600 COCA COLA CO COM 191216100 3,012 74,408 SH SOLE NONE 74,408 COCA COLA ENTERPRISES INC COM 191219104 252 13,500 SH SOLE NONE 13,500 COLGATE PALMOLIVE CO COM 194162103 882 16,200 SH SOLE NONE 16,200 Page Fair Market Value 18,450 COMCAST CORP NEW CL A 20030N101 1,981 69,299 SH SOLE NONE 69,299 COMPUTER ASSOC INTL INC COM 204912109 236 17,250 SH SOLE NONE 17,250 COMPUWARE CORP COM 205638109 39 11,400 SH SOLE NONE 11,400 CONAGRA FOODS INC COM 205887102 323 16,100 SH SOLE NONE 16,100 CONCORD EFS INC COM 206197105 144 15,300 SH SOLE NONE 15,300 CONOCOPHILLIPS COM 20825C104 1,087 20,282 SH SOLE NONE 20,282 CONSOLIDATED EDISON INC COM 209115104 246 6,400 SH SOLE NONE 6,400 CORNING INC COM 219350105 211 36,050 SH SOLE NONE 36,050 COSTCO WHSL CORP NEW COM 22160K105 411 13,700 SH SOLE NONE 13,700 COUNTRYWIDE FINANCIAL CORP COM 222372104 219 3,800 SH SOLE NONE 3,800 CVS CORP COM 126650100 281 11,800 SH SOLE NONE 11,800 DANAHER CORP DEL COM 235851102 302 4,600 SH SOLE NONE 4,600 DEERE & CO COM 244199105 283 7,200 SH SOLE NONE 7,200 DELL COMPUTER CORP COM 247025109 2,115 77,450 SH SOLE NONE 77,450 DELPHI CORP COM 247126105 114 16,758 SH SOLE NONE 16,758 Page Fair Market Value 7,992 DEVON ENERGY CORP NEW COM 25179M103 227 4,700 SH SOLE NONE 4,700 DISNEY WALT CO COM 254687106 1,044 61,312 SH SOLE NONE 61,312 DISNEY DOLLAR GEN CORP COM 256669102 122 10,018 SH SOLE NONE 10,018 DOMINION RES INC VA NEW COM 25746U109 509 9,184 SH SOLE NONE 9,184 DOW CHEM CO COM 260543103 756 27,393 SH SOLE NONE 27,393 DU PONT E I DE NEMOURS & CO COM 263534109 1,160 29,850 SH SOLE NONE 29,850 DUKE ENERGY CORP COM 264399106 389 26,746 SH SOLE NONE 26,746 DYNEGY INC NEW CL A 26816Q101 29 11,150 SH SOLE NONE 11,150 EASTMAN KODAK CO COM 277461109 259 8,750 SH SOLE NONE 8,750 EBAY INC COM 278642103 793 9,300 SH SOLE NONE 9,300 EL PASO CORP COM 28336L109 109 18,014 SH SOLE NONE 18,014 ELECTRONIC ARTS INC COM 285512109 252 4,300 SH SOLE NONE 4,300 ELECTRONIC DATA SYS NEW COM 285661104 252 14,300 SH SOLE NONE 14,300 E M C CORP MASS COM 268648102 478 66,104 SH SOLE NONE 66,104 EMERSON ELEC CO COM 291011104 574 12,650 SH SOLE NONE 12,650 ENTERGY CORP NEW COM 29364G103 323 6,700 SH SOLE NONE 6,700 EQUITY OFFICE PROPERTIES TRU COM 294741103 316 12,400 SH SOLE NONE 12,400 Page Fair Market Value 7,592 EXELON CORP COM 30161N101 489 9,700 SH SOLE NONE 9,700 EXXON MOBIL CORP COM 30231G102 7,064 202,125 SH SOLE NONE 202,125 FEDERAL NATL MTG ASSN COM 313586109 1,951 29,850 SH SOLE NONE 29,850 FEDEX CORP COM 31428X106 496 9,000 SH SOLE NONE 9,000 FIFTH THIRD BANCORP COM 316773100 874 17,392 SH SOLE NONE 17,392 FIRST DATA CORP COM 319963104 836 22,600 SH SOLE NONE 22,600 FIRSTENERGY CORP COM 337932107 280 8,900 SH SOLE NONE 8,900 FLEETBOSTON FINL CORP COM 339030108 754 31,558 SH SOLE NONE 31,558 FORD MTR CO DEL COM PAR 345370860 414 55,115 SH SOLE NONE 55,115 $0.01 FOREST LABS INC COM 345838106 588 10,900 SH SOLE NONE 10,900 FPL GROUP INC COM 302571104 324 5,500 SH SOLE NONE 5,500 FRANKLIN RES INC COM 354613101 253 7,700 SH SOLE NONE 7,700 FEDERAL HOME LN MTG CORP COM 313400301 1,109 20,882 SH SOLE NONE 20,882 GANNETT INC COM 364730101 563 8,000 SH SOLE NONE 8,000 GAP INC DEL COM 364760108 384 26,525 SH SOLE NONE 26,525 GENERAL DYNAMICS CORP COM 369550108 330 6,000 SH SOLE NONE 6,000 GENERAL ELEC CO COM 369604103 7,622 298,884 SH SOLE NONE 298,884 GENERAL MLS INC COM 370334104 506 11,100 SH SOLE NONE 11,100 GENERAL MTRS CORP COM 370442105 567 16,874 SH SOLE NONE 16,874 GENZYME CORP COM GENL 372917104 233 6,400 SH SOLE NONE 6,400 DIV Page Fair Market Value 25,637 GILLETTE CO COM 375766102 970 31,350 SH SOLE NONE 31,350 GOLDEN WEST FINL CORP DEL COM 381317106 334 4,650 SH SOLE NONE 4,650 GOLDMAN SACHS GROUP INC COM 38141G104 967 14,200 SH SOLE NONE 14,200 GUIDANT CORP COM 401698105 333 9,200 SH SOLE NONE 9,200 HALLIBURTON CO COM 406216101 272 13,100 SH SOLE NONE 13,100 HANCOCK JOHN FINL SVCS INC COM 41014S106 240 8,650 SH SOLE NONE 8,650 HARLEY DAVIDSON INC COM 412822108 361 9,100 SH SOLE NONE 9,100 HARTFORD FINL SVCS GROUP INC COM 416515104 272 7,700 SH SOLE NONE 7,700 HCA INC COM 404119109 639 15,450 SH SOLE NONE 15,450 HEALTHSOUTH CORP COM 421924101 1 11,900 SH SOLE NONE 11,900 HEINZ H J CO COM 423074103 310 10,600 SH SOLE NONE 10,600 HERSHEY FOODS CORP COM 427866108 257 4,100 SH SOLE NONE 4,100 HEWLETT PACKARD CO COM 428236103 1,426 91,716 SH SOLE NONE 91,716 HILTON HOTELS CORP COM 432848109 131 11,300 SH SOLE NONE 11,300 HOME DEPOT INC COM 437076102 1,702 69,850 SH SOLE NONE 69,850 HONEYWELL INTL INC COM 438516106 548 25,657 SH SOLE NONE 25,657 HSBC HLDGS PLC SPON ADR 404280406 388 7,597 SH SOLE NONE 7,597 NEW INTERNATIONAL BUSINESS MACHS COM 459200101 3,978 50,718 SH SOLE NONE 50,718 ILLINOIS TOOL WKS INC COM 452308109 535 9,200 SH SOLE NONE 9,200 Page Fair Market Value 13,664 INFINEON TECHNOLOGIES AG SPONSORED 45662N103 12,717 1,898,109 SH SOLE NONE 1,898,109 ADR INTERNATIONAL GAME TECHNOLOG COM 459902102 213 2,600 SH SOLE NONE 2,600 INTL PAPER CO COM 460146103 487 14,416 SH SOLE NONE 14,416 INTERPUBLIC GROUP COS INC COM 460690100 108 11,600 SH SOLE NONE 11,600 INTUIT COM 461202103 231 6,200 SH SOLE NONE 6,200 J P MORGAN CHASE & CO COM 46625H100 1,422 59,971 SH SOLE NONE 59,971 JDS UNIPHASE CORP COM 46612J101 121 42,500 SH SOLE NONE 42,500 JOHNSON & JOHNSON COM 478160104 5,166 89,266 SH SOLE NONE 89,266 KELLOGG CO COM 487836108 376 12,280 SH SOLE NONE 12,280 KEYCORP NEW COM 493267108 288 12,784 SH SOLE NONE 12,784 KIMBERLY CLARK CORP COM 494368103 700 15,400 SH SOLE NONE 15,400 KLA-TENCOR CORP COM 482480100 205 5,700 SH SOLE NONE 5,700 KOHLS CORP COM 500255104 571 10,100 SH SOLE NONE 10,100 Page Fair Market Value 22,605 KROGER CO COM 501044101 302 22,950 SH SOLE NONE 22,950 LEHMAN BROS HLDGS INC COM 524908100 422 7,300 SH SOLE NONE 7,300 LEXMARK INTL NEW CL A 529771107 254 3,800 SH SOLE NONE 3,800 LILLY ELI & CO COM 532457108 1,929 33,750 SH SOLE NONE 33,750 LIMITED BRANDS INC COM 532716107 202 15,706 SH SOLE NONE 15,706 LINEAR TECHNOLOGY CORP COM 535678106 290 9,400 SH SOLE NONE 9,400 LOCKHEED MARTIN CORP COM 539830109 649 13,644 SH SOLE NONE 13,644 LOEWS CORP COM 540424108 223 5,600 SH SOLE NONE 5,600 LOWES COS INC COM 548661107 959 23,500 SH SOLE NONE 23,500 LSI LOGIC CORP COM 502161102 51 11,200 SH SOLE NONE 11,200 LUCENT TECHNOLOGIES INC COM 549463107 173 117,511 SH SOLE NONE 117,511 MARATHON OIL CORP COM 565849106 225 9,400 SH SOLE NONE 9,400 MARRIOTT INTL INC NEW CL A 571903202 223 7,000 SH SOLE NONE 7,000 MARSH & MCLENNAN COS INC COM 571748102 689 16,158 SH SOLE NONE 16,158 MASCO CORP COM 574599106 276 14,800 SH SOLE NONE 14,800 MATTEL INC COM 577081102 296 13,175 SH SOLE NONE 13,175 MAXIM INTEGRATED PRODS INC COM 57772K101 350 9,700 SH SOLE NONE 9,700 MBNA CORP COM 55262L100 578 38,380 SH SOLE NONE 38,380 MCDONALDS CORP COM 580135101 551 38,104 SH SOLE NONE 38,104 Page Fair Market Value 8,642 MCGRAW HILL COS INC COM 580645109 322 5,800 SH SOLE NONE 5,800 MCKESSON CORP COM 58155Q103 217 8,713 SH SOLE NONE 8,713 MEDIMMUNE INC COM 584699102 250 7,600 SH SOLE NONE 7,600 MEDTRONIC INC COM 585055106 1,654 36,662 SH SOLE NONE 36,662 MELLON FINL CORP COM 58551A108 275 12,950 SH SOLE NONE 12,950 MERCK & CO INC COM 589331107 3,693 67,416 SH SOLE NONE 67,416 MERRILL LYNCH & CO INC COM 590188108 917 25,918 SH SOLE NONE 25,918 METLIFE INC COM 59156R108 554 21,000 SH SOLE NONE 21,000 MICRON TECHNOLOGY INC COM 595112103 148 18,200 SH SOLE NONE 18,200 MICROSOFT CORP COM 594918104 7,782 321,450 SH SOLE NONE 321,450 MIRANT CORP COM 604675108 19 12,149 SH SOLE NONE 12,149 MOODYS CORP COM 615369105 208 4,500 SH SOLE NONE 4,500 MORGAN STANLEY COM NEW 617446448 1,249 32,556 SH SOLE NONE 32,556 MOTOROLA INC COM 620076109 571 69,098 SH SOLE NONE 69,098 NATIONAL CITY CORP COM 635405103 512 18,400 SH SOLE NONE 18,400 NEOMAGIC CORP COM 640497103 13 10,497 SH SOLE NONE 10,497 NETWORK APPLIANCE INC COM 64120L104 114 10,200 SH SOLE NONE 10,200 NEWELL RUBBERMAID INC COM 651229106 227 8,024 SH SOLE NONE 8,024 NEWMONT MINING CORP COM 651639106 315 12,062 SH SOLE NONE 12,062 Page Fair Market Value 19,040 NEXTEL COMMUNICATIONS INC CL A 65332V103 387 28,900 SH SOLE NONE 28,900 NIKE INC CL B 654106103 406 7,900 SH SOLE NONE 7,900 NORFOLK SOUTHERN CORP COM 655844108 216 11,650 SH SOLE NONE 11,650 NORTHERN TR CORP COM 665859104 201 6,600 SH SOLE NONE 6,600 NORTHROP GRUMMAN CORP COM 666807102 470 5,479 SH SOLE NONE 5,479 NOVELL INC COM 670006105 24 11,094 SH SOLE NONE 11,094 OCCIDENTAL PETE CORP DEL COM 674599105 342 11,400 SH SOLE NONE 11,400 OMNICOM GROUP INC COM 681919106 303 5,600 SH SOLE NONE 5,600 ORACLE CORP COM 68389X105 1,717 158,234 SH SOLE NONE 158,234 PAYCHEX INC COM 704326107 310 11,275 SH SOLE NONE 11,275 Page Fair Market Value 4,376 PEPSICO INC COM 713448108 2,076 51,900 SH SOLE NONE 51,900 PFIZER INC COM 717081103 5,768 185,095 SH SOLE NONE 185,095 PG&E CORP COM 69331C108 164 12,196 SH SOLE NONE 12,196 PHARMACIA CORP COM 71713U102 1,682 38,835 SH SOLE NONE 38,835 PITNEY BOWES INC COM 724479100 227 7,100 SH SOLE NONE 7,100 PNC FINL SVCS GROUP INC COM 693475105 360 8,500 SH SOLE NONE 8,500 PPG INDS INC COM 693506107 229 5,070 SH SOLE NONE 5,070 PRAXAIR INC COM 74005P104 272 4,831 SH SOLE NONE 4,831 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 261 9,600 SH SOLE NONE 9,600 PROCTER & GAMBLE CO COM 742718109 3,460 38,850 SH SOLE NONE 38,850 PROGRESS ENERGY INC COM 743263105 278 7,100 SH SOLE NONE 7,100 PROGRESSIVE CORP OHIO COM 743315103 386 6,500 SH SOLE NONE 6,500 PRUDENTIAL FINL INC COM 744320102 498 17,025 SH SOLE NONE 17,025 PUBLIC SVC ENTERPRISE GROUP COM 744573106 246 6,694 SH SOLE NONE 6,694 QUALCOMM INC COM 747525103 853 23,700 SH SOLE NONE 23,700 Page Fair Market Value 16,760 QWEST COMMUNICATIONS INTL IN COM 749121109 178 50,898 SH SOLE NONE 50,898 RADISYS CORPORATION COM 750459109 4,555 687,016 SH SOLE NONE 687,016 RAYTHEON CO COM NEW 755111507 346 12,200 SH SOLE NONE 12,200 REGIONS FINL CORP COM 758940100 214 6,600 SH SOLE NONE 6,600 SAFEWAY INC COM NEW 786514208 250 13,200 SH SOLE NONE 13,200 SANMINA SCI CORP COM 800907107 62 15,250 SH SOLE NONE 15,250 SARA LEE CORP COM 803111103 440 23,550 SH SOLE NONE 23,550 SBC COMMUNICATIONS INC COM 78387G103 2,001 99,744 SH SOLE NONE 99,744 SCHERING PLOUGH CORP COM 806605101 785 44,050 SH SOLE NONE 44,050 SCHLUMBERGER LTD COM 806857108 665 17,500 SH SOLE NONE 17,500 SCHWAB CHARLES CORP NEW COM 808513105 292 40,400 SH SOLE NONE 40,400 SEARS ROEBUCK & CO COM 812387108 229 9,500 SH SOLE NONE 9,500 Page Fair Market Value 10,017 SIEBEL SYS INC COM 826170102 117 14,600 SH SOLE NONE 14,600 SLM CORP COM 78442P106 510 4,600 SH SOLE NONE 4,600 SOLECTRON CORP COM 834182107 75 24,800 SH SOLE NONE 24,800 SOUTHERN CO COM 842587107 610 21,450 SH SOLE NONE 21,450 SOUTHTRUST CORP COM 844730101 266 10,400 SH SOLE NONE 10,400 SOUTHWEST AIRLS CO COM 844741108 334 23,275 SH SOLE NONE 23,275 SPRINT CORP COM FON 852061100 316 26,866 SH SOLE NONE 26,866 GROUP SPRINT CORP PCS COM 852061506 131 30,008 SH SOLE NONE 30,008 SER 1 ST JUDE MED INC COM 790849103 259 5,312 SH SOLE NONE 5,312 ST PAUL COS INC COM 792860108 215 6,772 SH SOLE NONE 6,772 STANDARD MICROSYSTEMS CORP COM 853626109 23,431 1,542,506 SH SOLE NONE 1,542,506 STAPLES INC COM 855030102 261 14,250 SH SOLE NONE 14,250 STARBUCKS CORP COM 855244109 299 11,600 SH SOLE NONE 11,600 STATE STR CORP COM 857477103 316 10,000 SH SOLE NONE 10,000 STRYKER CORP COM 863667101 405 5,900 SH SOLE NONE 5,900 SUN MICROSYSTEMS INC COM 866810104 313 95,914 SH SOLE NONE 95,914 SUNTRUST BKS INC COM 867914103 448 8,500 SH SOLE NONE 8,500 SYMBOL TECHNOLOGIES INC COM COM 871508107 3,909 454,044 SH SOLE NONE 454,044 Page Fair Market Value 32,215 SYSCO CORP COM 871829107 499 19,600 SH SOLE NONE 19,600 TARGET CORP COM 87612E106 797 27,250 SH SOLE NONE 27,250 TELLABS INC COM 879664100 72 12,400 SH SOLE NONE 12,400 TENET HEALTHCARE CORP COM 88033G100 238 14,274 SH SOLE NONE 14,274 TEXAS INSTRS INC COM 882508104 851 52,000 SH SOLE NONE 52,000 TJX COS INC NEW COM 872540109 278 15,800 SH SOLE NONE 15,800 TRAVELERS PPTY CAS CORP NEW CL B 89420G406 426 30,222 SH SOLE NONE 30,222 TRIBUNE CO NEW COM 896047107 411 9,126 SH SOLE NONE 9,126 TYCO INTL LTD NEW COM 902124106 771 59,980 SH SOLE NONE 59,980 UNION PAC CORP COM 907818108 418 7,600 SH SOLE NONE 7,600 UNITEDHEALTH GROUP INC COM 91324P102 837 9,126 SH SOLE NONE 9,126 UNITED PARCEL SERVICE INC CL B 911312106 1,924 33,750 SH SOLE NONE 33,750 Page Fair Market Value 7,522 UNITED TECHNOLOGIES CORP COM 913017109 815 14,100 SH SOLE NONE 14,100 UNOCAL CORP COM 915289102 204 7,750 SH SOLE NONE 7,750 US BANCORP DEL COM NEW 902973304 1,092 57,547 SH SOLE NONE 57,547 VERITAS SOFTWARE CO COM 923436109 217 12,315 SH SOLE NONE 12,315 VERIZON COMMUNICATIONS COM 92343V104 2,906 82,198 SH SOLE NONE 82,198 VIACOM INC CL B 925524308 1,933 52,927 SH SOLE NONE 52,927 WACHOVIA CORP 2ND NEW COM 929903102 1,393 40,891 SH SOLE NONE 40,891 WAL MART STORES INC COM 931142103 6,897 132,552 SH SOLE NONE 132,552 WALGREEN CO COM 931422109 907 30,750 SH SOLE NONE 30,750 WASHINGTON MUT INC COM 939322103 1,004 28,473 SH SOLE NONE 28,473 WASTE MGMT INC DEL COM 94106L109 378 17,863 SH SOLE NONE 17,863 WELLPOINT HEALTH NETWORK NEW COM 94973H108 345 4,500 SH SOLE NONE 4,500 WELLS FARGO & CO NEW COM 949746101 2,284 50,774 SH SOLE NONE 50,774 WEYERHAEUSER CO COM 962166104 316 6,617 SH SOLE NONE 6,617 WILLIAMS COS INC DEL COM 969457100 71 15,500 SH SOLE NONE 15,500 WRIGLEY WM JR CO COM 982526105 384 6,800 SH SOLE NONE 6,800 WYETH COM 983024100 1,506 39,826 SH SOLE NONE 39,826 Page Fair Market Value 22,652 XCEL ENERGY INC COM 98389B100 153 11,935 SH SOLE NONE 11,935 XEROX CORP COM 984121103 192 22,100 SH SOLE NONE 22,100 XILINX INC COM 983919101 236 10,100 SH SOLE NONE 10,100 XL CAP LTD CL A G98255105 290 4,100 SH SOLE NONE 4,100 YAHOO INC COM 984332106 426 17,750 SH SOLE NONE 17,750 YUM BRANDS INC COM 988498101 216 8,884 SH SOLE NONE 8,884 ZIMMER HLDGS INC COM 98956P102 286 5,889 SH SOLE NONE 5,889 Page Fair Market Value 1,799 REPORT TOTAL 254,551