2004-Q4.DOC-2/10/05 2. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 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: 28-04527 Person Signing this Report on Behalf of Reporting Manager: Arvind Sodhani, Senior 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 February 11, 2005 - ------------------- 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: 365 Form 13F Information Table Value Total: $339,295,000 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 1,879 22,900 SH SOLE 22,900 A D C TELECOMMUNICATIONS COM 000886101 64 23,750 SH SOLE 23,750 ABBOTT LABS COM 002824100 2,139 45,844 SH SOLE 45,844 ACE LTD ORD G0070K103 359 8,400 SH SOLE 8,400 ADOBE SYS INC COM 00724F101 439 7,000 SH SOLE 7,000 ADVANCED MICRO DEVICES INC COM 007903107 252 11,450 SH SOLE 11,450 AES CORP COM 00130H105 260 19,050 SH SOLE 19,050 AETNA INC NEW COM 00817Y108 541 4,339 SH SOLE 4,339 AFFILIATED COMPUTER SERVICES CL A 008190100 229 3,800 SH SOLE 3,800 AFLAC INC COM 001055102 592 14,850 SH SOLE 14,850 AGILENT TECHNOLOGIES INC COM 00846U101 344 14,278 SH SOLE 14,278 AIR PRODS & CHEMS INC COM 009158106 389 6,700 SH SOLE 6,700 ALBERTSONS INC COM 013104104 258 10,801 SH SOLE 10,801 ALCOA INC COM 013817101 803 25,552 SH SOLE 25,552 ALLERGAN INC COM 018490102 316 3,900 SH SOLE 3,900 ALLSTATE CORP COM 020002101 1,044 20,180 SH SOLE 20,180 ALLTEL CORP COM 020039103 523 8,900 SH SOLE 8,900 ALTERA CORP COM 021441100 228 11,000 SH SOLE 11,000 ALTRIA GROUP INC COM 02209S103 3,693 60,449 SH SOLE 60,449 AMBAC FINL GROUP INC COM 023139108 263 3,200 SH SOLE 3,200 AMERADA HESS CORP COM 023551104 222 2,700 SH SOLE 2,700 AMEREN CORP COM 023608102 286 5,700 SH SOLE 5,700 AMERICAN ELEC PWR INC COM 025537101 398 11,582 SH SOLE 11,582 AMERICAN EXPRESS CO COM 025816109 2,077 36,850 SH SOLE 36,850 AMERICAN INTL GROUP INC COM 026874107 5,040 76,743 SH SOLE 76,743 AMERICAN STD COS INC DEL COM 029712106 260 6,300 SH SOLE 6,300 AMGEN INC COM 031162100 2,401 37,435 SH SOLE 37,435 AMSOUTH BANCORPORATION COM 032165102 272 10,500 SH SOLE 10,500 ANADARKO PETE CORP COM 032511107 473 7,293 SH SOLE 7,293 ANALOG DEVICES INC COM 032654105 410 11,100 SH SOLE 11,100 ANHEUSER BUSCH COS INC COM 035229103 1,182 23,300 SH SOLE 23,300 AON CORP COM 037389103 221 9,256 SH SOLE 9,256 APACHE CORP COM 037411105 485 9,588 SH SOLE 9,588 APOLLO GROUP INC CL A 037604105 444 5,500 SH SOLE 5,500 APPLE COMPUTER INC COM 037833100 760 11,800 SH SOLE 11,800 APPLIED MATLS INC COM 038222105 855 50,000 SH SOLE 50,000 ARCHER DANIELS MIDLAND CO COM 039483102 430 19,267 SH SOLE 19,267 ARCHSTONE SMITH TR COM 039583109 230 6,000 SH SOLE 6,000 AT&T CORP COM NEW 001957505 446 23,421 SH SOLE 23,421 AUTODESK INC COM 052769106 258 6,800 SH SOLE 6,800 AUTOMATIC DATA PROCESSING IN COM 053015103 758 17,102 SH SOLE 17,102 AUTOZONE INC COM 053332102 210 2,300 SH SOLE 2,300 AVAYA INC COM 053499109 233 13,521 SH SOLE 13,521 AVOCENT CORP COM 53893103 279 6,909 SH SOLE 6,909 AVON PRODS INC COM 054303102 539 13,928 SH SOLE 13,928 BAKER HUGHES INC COM 057224107 421 9,860 SH SOLE 9,860 BANK NEW YORK INC COM 064057102 767 22,940 SH SOLE 22,940 BANK OF AMERICA CORPORATION COM 060505104 5,588 118,914 SH SOLE 118,914 BAXTER INTL INC COM 071813109 627 18,140 SH SOLE 18,140 BB&T CORP COM 054937107 685 16,300 SH SOLE 16,300 BEAR STEARNS COS INC COM 073902108 304 2,974 SH SOLE 2,974 BECTON DICKINSON & CO COM 075887109 426 7,500 SH SOLE 7,500 BED BATH & BEYOND INC COM 075896100 354 8,900 SH SOLE 8,900 BELLSOUTH CORP COM 079860102 1,497 53,882 SH SOLE 53,882 BEST BUY INC COM 086516101 564 9,500 SH SOLE 9,500 BIOGEN IDEC INC COM 09062X103 651 9,775 SH SOLE 9,775 BIOMET INC COM 090613100 323 7,450 SH SOLE 7,450 BJ SVCS CO COM 055482103 223 4,800 SH SOLE 4,800 BLACK & DECKER CORP COM 091797100 212 2,400 SH SOLE 2,400 BLOCK H & R INC COM 093671105 235 4,800 SH SOLE 4,800 BOEING CO COM 097023105 1,279 24,715 SH SOLE 24,715 BOSTON SCIENTIFIC CORP COM 101137107 885 24,884 SH SOLE 24,884 BRISTOL MYERS SQUIBB CO COM 110122108 1,469 57,346 SH SOLE 57,346 BROADCOM CORP CL A 111320107 313 9,700 SH SOLE 9,700 BURLINGTON NORTHN SANTA FE C COM 12189T104 524 11,067 SH SOLE 11,067 BURLINGTON RES INC COM 122014103 502 11,544 SH SOLE 11,544 CALPINE CORP COM 131347106 62 15,700 SH SOLE 15,700 CAMPBELL SOUP CO COM 134429109 362 12,100 SH SOLE 12,100 CAPITAL ONE FINL CORP COM 14040H105 598 7,100 SH SOLE 7,100 CARDINAL HEALTH INC COM 14149Y108 736 12,650 SH SOLE 12,650 CAREMARK RX INC COM 141705103 528 13,400 SH SOLE 13,400 CARNIVAL CORP PAIREDCTF 143658300 1,072 18,600 SH SOLE 18,600 CATERPILLAR INC DEL COM 149123101 974 9,990 SH SOLE 9,990 CENDANT CORP COM 151313103 724 30,981 SH SOLE 30,981 CENTEX CORP COM 152312104 220 3,700 SH SOLE 3,700 CHEVRONTEXACO CORP COM 166764100 3,276 62,380 SH SOLE 62,380 CHUBB CORP COM 171232101 434 5,650 SH SOLE 5,650 CIGNA CORP COM 125509109 326 4,000 SH SOLE 4,000 CINCINNATI FINL CORP COM 172062101 219 4,940 SH SOLE 4,940 CINERGY CORP COM 172474108 221 5,300 SH SOLE 5,300 CINTAS CORP COM 172908105 224 5,100 SH SOLE 5,100 CISCO SYS INC COM 17275R102 3,745 193,818 SH SOLE 193,818 CIT GROUP INC COM 125581108 284 6,200 SH SOLE 6,200 CITIGROUP INC COM 172967101 7,357 152,693 SH SOLE 152,693 CLEAR CHANNEL COMMUNICATIONS COM 184502102 566 16,900 SH SOLE 16,900 CLOROX CO DEL COM 189054109 265 4,500 SH SOLE 4,500 COACH INC COM 189754104 316 5,600 SH SOLE 5,600 COCA COLA CO COM 191216100 2,965 71,208 SH SOLE 71,208 COCA COLA ENTERPRISES INC COM 191219104 288 13,800 SH SOLE 13,800 COLGATE PALMOLIVE CO COM 194162103 798 15,600 SH SOLE 15,600 COMCAST CORP NEW CL A 20030N101 2,173 65,299 SH SOLE 65,299 COMERICA INC COM 200340107 305 5,000 SH SOLE 5,000 COMPUTER ASSOC INTL INC COM 204912109 533 17,150 SH SOLE 17,150 COMPUTER SCIENCES CORP COM 205363104 316 5,600 SH SOLE 5,600 COMPUWARE CORP COM 205638109 73 11,400 SH SOLE 11,400 CONAGRA FOODS INC COM 205887102 445 15,100 SH SOLE 15,100 CONOCOPHILLIPS COM 20825C104 1,761 20,282 SH SOLE 20,282 CONSOLIDATED EDISON INC COM 209115104 311 7,100 SH SOLE 7,100 CONSTELLATION ENERGY GROUP I COM 210371100 227 5,200 SH SOLE 5,200 CORNING INC COM 219350105 487 41,350 SH SOLE 41,350 COSTCO WHSL CORP NEW COM 22160K105 668 13,800 SH SOLE 13,800 COUNTRYWIDE FINANCIAL CORP COM 222372104 633 17,098 SH SOLE 17,098 CSX CORP COM 126408103 253 6,300 SH SOLE 6,300 CVS CORP COM 126650100 532 11,800 SH SOLE 11,800 DANAHER CORP DEL COM 235851102 522 9,100 SH SOLE 9,100 DEERE & CO COM 244199105 543 7,300 SH SOLE 7,300 DELL INC COM 24702R101 3,078 73,050 SH SOLE 73,050 DELPHI CORP COM 247126105 148 16,458 SH SOLE 16,458 DEVON ENERGY CORP NEW COM 25179M103 557 14,300 SH SOLE 14,300 DISNEY WALT CO COMDISNEY 254687106 1,671 60,112 SH SOLE 60,112 DOMINION RES INC VA NEW COM 25746U109 663 9,784 SH SOLE 9,784 DONNELLEY R R & SONS CO COM 257867101 229 6,500 SH SOLE 6,500 DOVER CORP COM 260003108 252 6,000 SH SOLE 6,000 DOW CHEM CO COM 260543103 1,376 27,793 SH SOLE 27,793 DTE ENERGY CO COM 233331107 220 5,100 SH SOLE 5,100 DU PONT E I DE NEMOURS & CO COM 263534109 1,430 29,150 SH SOLE 29,150 DUKE ENERGY CORP COM 264399106 715 28,246 SH SOLE 28,246 DYNEGY INC NEW CL A 26816Q101 52 11,250 SH SOLE 11,250 E M C CORP MASS COM 268648102 1,048 70,504 SH SOLE 70,504 E TRADE FINANCIAL CORP COM 269246104 163 10,900 SH SOLE 10,900 EASTMAN KODAK CO COM 277461109 269 8,350 SH SOLE 8,350 EATON CORP COM 278058102 326 4,500 SH SOLE 4,500 EBAY INC COM 278642103 2,269 19,500 SH SOLE 19,500 ECOLAB INC COM 278865100 267 7,600 SH SOLE 7,600 EDISON INTL COM 281020107 307 9,600 SH SOLE 9,600 EL PASO CORP COM 28336L109 197 18,914 SH SOLE 18,914 ELECTRONIC ARTS INC COM 285512109 555 9,000 SH SOLE 9,000 ELECTRONIC DATA SYS NEW COM 285661104 349 15,100 SH SOLE 15,100 EMERSON ELEC CO COM 291011104 873 12,450 SH SOLE 12,450 ENTERGY CORP NEW COM 29364G103 446 6,600 SH SOLE 6,600 EOG RES INC COM 26875P101 250 3,500 SH SOLE 3,500 EQUITY OFFICE PROPERTIES TRU COM 294741103 347 11,900 SH SOLE 11,900 EQUITY RESIDENTIAL SHBEN INT 29476L107 302 8,350 SH SOLE 8,350 EXELON CORP COM 30161N101 859 19,500 SH SOLE 19,500 EXXON MOBIL CORP COM 30231G102 9,736 189,925 SH SOLE 189,925 FEDERAL HOME LN MTG CORP COM 313400301 1,495 20,282 SH SOLE 20,282 FEDERAL NATL MTG ASSN COM 313586109 2,026 28,450 SH SOLE 28,450 FEDERATED DEPT STORES INC DE COM 31410H101 287 4,959 SH SOLE 4,959 FEDEX CORP COM 31428X106 867 8,800 SH SOLE 8,800 FIFTH THIRD BANCORP COM 316773100 780 16,492 SH SOLE 16,492 FIRST DATA CORP COM 319963104 1,039 24,429 SH SOLE 24,429 FIRSTENERGY CORP COM 337932107 383 9,700 SH SOLE 9,700 FISERV INC COM 337738108 233 5,800 SH SOLE 5,800 FISHER SCIENTIFIC INTL INC COM 338032204 218 3,500 SH SOLE 3,500 FLEXTRONICS INTL LTD ORD Y2573F102 1,459 105,662 SH SOLE 105,662 FORD MTR CO DEL COMPAR 345370860 788 53,815 SH SOLE 53,815 $0.01 FOREST LABS INC COM 345838106 484 10,800 SH SOLE 10,800 FORTUNE BRANDS INC COM 349631101 323 4,186 SH SOLE 4,186 FPL GROUP INC COM 302571104 411 5,500 SH SOLE 5,500 FRANKLIN RES INC COM 354613101 509 7,300 SH SOLE 7,300 FREEPORT-MCMORAN COPPER & GO CL B 35671D857 201 5,261 SH SOLE 5,261 FREESCALE SEMICONDUCTOR INC CL B 35687M206 213 11,606 SH SOLE 11,606 GANNETT INC COM 364730101 613 7,500 SH SOLE 7,500 GAP INC DEL COM 364760108 545 25,825 SH SOLE 25,825 GATEWAY INC COM 367626108 66 11,000 SH SOLE 11,000 GENERAL DYNAMICS CORP COM 369550108 617 5,900 SH SOLE 5,900 GENERAL ELEC CO COM 369604103 11,355 311,084 SH SOLE 311,084 GENERAL MLS INC COM 370334104 532 10,700 SH SOLE 10,700 GENERAL MTRS CORP COM 370442105 664 16,574 SH SOLE 16,574 GENUINE PARTS CO COM 372460105 223 5,050 SH SOLE 5,050 GENZYME CORP COM GENL 372917104 424 7,300 SH SOLE 7,300 DIV GEORGIA PAC CORP COM 373298108 286 7,618 SH SOLE 7,618 GILEAD SCIENCES INC COM 375558103 444 12,700 SH SOLE 12,700 GILLETTE CO COM 375766102 1,305 29,150 SH SOLE 29,150 GOLDEN WEST FINL CORP DEL COM 381317106 553 9,000 SH SOLE 9,000 GOLDMAN SACHS GROUP INC COM 38141G104 1,488 14,300 SH SOLE 14,300 GUIDANT CORP COM 401698105 678 9,400 SH SOLE 9,400 HALLIBURTON CO COM 406216101 510 13,000 SH SOLE 13,000 HARLEY DAVIDSON INC COM 412822108 522 8,600 SH SOLE 8,600 HARRAHS ENTMT INC COM 413619107 221 3,300 SH SOLE 3,300 HARTFORD FINL SVCS GROUP INC COM 416515104 596 8,600 SH SOLE 8,600 HCA INC COM 404119109 498 12,450 SH SOLE 12,450 HEINZ H J CO COM 423074103 402 10,300 SH SOLE 10,300 HERSHEY FOODS CORP COM 427866108 400 7,200 SH SOLE 7,200 HEWLETT PACKARD CO COM 428236103 1,865 88,916 SH SOLE 88,916 HILTON HOTELS CORP COM 432848109 260 11,400 SH SOLE 11,400 HOME DEPOT INC COM 437076102 2,759 64,550 SH SOLE 64,550 HONEYWELL INTL INC COM 438516106 894 25,257 SH SOLE 25,257 ILLINOIS TOOL WKS INC COM 452308109 806 8,700 SH SOLE 8,700 INGERSOLL-RAND COMPANY LTD CL A G4776G101 410 5,100 SH SOLE 5,100 INTERNATIONAL BUSINESS MACHS COM 459200101 4,832 49,018 SH SOLE 49,018 INTERNATIONAL GAME TECHNOLOG COM 459902102 347 10,100 SH SOLE 10,100 INTERPUBLIC GROUP COS INC COM 460690100 166 12,400 SH SOLE 12,400 INTL PAPER CO COM 460146103 601 14,316 SH SOLE 14,316 INTUIT COM 461202103 242 5,500 SH SOLE 5,500 ITT INDS INC IND COM 450911102 228 2,700 SH SOLE 2,700 JAMDAT MOBILE INC COM 47023T100 12,121 593,026 SH SOLE 593,026 JDS UNIPHASE CORP COM 46612J101 135 42,500 SH SOLE 42,500 JEFFERSON PILOT CORP COM 475070108 209 4,025 SH SOLE 4,025 JOHNSON & JOHNSON COM 478160104 5,534 87,266 SH SOLE 87,266 JOHNSON CTLS INC COM 478366107 355 5,600 SH SOLE 5,600 JPMORGAN CHASE & CO COM 46625H100 4,090 104,844 SH SOLE 104,844 KELLOGG CO COM 487836108 544 12,180 SH SOLE 12,180 KERR MCGEE CORP COM 492386107 262 4,528 SH SOLE 4,528 KEYCORP NEW COM 493267108 406 11,984 SH SOLE 11,984 KIMBERLY CLARK CORP COM 494368103 948 14,400 SH SOLE 14,400 KINDER MORGAN INC KANS COM 49455P101 263 3,600 SH SOLE 3,600 KLA-TENCOR CORP COM 482480100 270 5,800 SH SOLE 5,800 KOHLS CORP COM 500255104 497 10,100 SH SOLE 10,100 KROGER CO COM 501044101 383 21,850 SH SOLE 21,850 L-3 COMMUNICATIONS HLDGS INC COM 502424104 256 3,500 SH SOLE 3,500 LABORATORY CORP AMER HLDGS COM NEW 50540R409 204 4,100 SH SOLE 4,100 LEHMAN BROS HLDGS INC COM 524908100 691 7,900 SH SOLE 7,900 LEXMARK INTL NEW CL A 529771107 323 3,800 SH SOLE 3,800 LILLY ELI & CO COM 532457108 1,887 33,250 SH SOLE 33,250 LIMITED BRANDS INC COM 532716107 276 12,006 SH SOLE 12,006 LINCOLN NATL CORP IND COM 534187109 238 5,100 SH SOLE 5,100 LINEAR TECHNOLOGY CORP COM 535678106 349 9,000 SH SOLE 9,000 LOCKHEED MARTIN CORP COM 539830109 725 13,044 SH SOLE 13,044 LOEWS CORP COM 540424108 387 5,500 SH SOLE 5,500 LOWES COS INC COM 548661107 1,307 22,700 SH SOLE 22,700 LSI LOGIC CORP COM 502161102 62 11,300 SH SOLE 11,300 LUCENT TECHNOLOGIES INC COM 549463107 490 130,211 SH SOLE 130,211 M & T BK CORP COM 55261F104 367 3,400 SH SOLE 3,400 MARATHON OIL CORP COM 565849106 384 10,200 SH SOLE 10,200 MARRIOTT INTL INC NEW CL A 571903202 416 6,600 SH SOLE 6,600 MARSH & MCLENNAN COS INC COM 571748102 509 15,458 SH SOLE 15,458 MARSHALL & ILSLEY CORP COM 571834100 292 6,600 SH SOLE 6,600 MASCO CORP COM 574599106 482 13,200 SH SOLE 13,200 MATRIXONE INC COM 57685P304 378 59,020 SH SOLE 59,020 MATTEL INC COM 577081102 237 12,175 SH SOLE 12,175 MAXIM INTEGRATED PRODS INC COM 57772K101 407 9,600 SH SOLE 9,600 MAY DEPT STORES CO COM 577778103 253 8,600 SH SOLE 8,600 MBIA INC COM 55262C100 259 4,100 SH SOLE 4,100 MBNA CORP COM 55262L100 1,059 37,580 SH SOLE 37,580 MCDONALDS CORP COM 580135101 1,186 37,004 SH SOLE 37,004 MCGRAW HILL COS INC COM 580645109 513 5,600 SH SOLE 5,600 MCKESSON CORP COM 58155Q103 274 8,713 SH SOLE 8,713 MEADWESTVACO CORP COM 583334107 204 6,007 SH SOLE 6,007 MEDCO HEALTH SOLUTIONS INC COM 58405U102 334 8,030 SH SOLE 8,030 MEDTRONIC INC COM 585055106 1,766 35,562 SH SOLE 35,562 MELLON FINL CORP COM 58551A108 390 12,550 SH SOLE 12,550 MERCK & CO INC COM 589331107 2,099 65,316 SH SOLE 65,316 MERRILL LYNCH & CO INC COM 590188108 1,639 27,418 SH SOLE 27,418 METLIFE INC COM 59156R108 887 21,900 SH SOLE 21,900 MICRON TECHNOLOGY INC COM 595112103 222 18,000 SH SOLE 18,000 MICROSOFT CORP COM 594918104 8,549 319,950 SH SOLE 319,950 MONSANTO CO NEW COM 61166W101 435 7,833 SH SOLE 7,833 MOODYS CORP COM 615369105 382 4,400 SH SOLE 4,400 MORGAN STANLEY COM NEW 617446448 1,785 32,156 SH SOLE 32,156 MOTIVE INC COM 61980V107 1,442 129,953 SH SOLE 129,953 MOTOROLA INC COM 620076109 1,233 71,698 SH SOLE 71,698 NABORS INDUSTRIES LTD SHS G6359F103 226 4,400 SH SOLE 4,400 NATIONAL CITY CORP COM 635405103 747 19,900 SH SOLE 19,900 NATIONAL SEMICONDUCTOR CORP COM 637640103 188 10,500 SH SOLE 10,500 NETWORK APPLIANCE INC COM 64120L104 352 10,600 SH SOLE 10,600 NEWMONT MINING CORP COM 651639106 580 13,062 SH SOLE 13,062 NEWS CORP CL A 65248E104 1,485 79,600 SH SOLE 79,600 NEXTEL COMMUNICATIONS INC CL A 65332V103 981 32,700 SH SOLE 32,700 NIKE INC CL B 654106103 698 7,700 SH SOLE 7,700 NORFOLK SOUTHN CORP COM 655844108 425 11,750 SH SOLE 11,750 NORTH FORK BANCORPORATION NY COM 659424105 402 13,925 SH SOLE 13,925 NORTHERN TR CORP COM 665859104 316 6,500 SH SOLE 6,500 NORTHROP GRUMMAN CORP COM 666807102 590 10,858 SH SOLE 10,858 NOVELL INC COM 670006105 75 11,094 SH SOLE 11,094 NUCOR CORP COM 670346105 246 4,700 SH SOLE 4,700 OCCIDENTAL PETE CORP DEL COM 674599105 677 11,600 SH SOLE 11,600 OMNICOM GROUP INC COM 681919106 464 5,500 SH SOLE 5,500 ORACLE CORP COM 68389X105 2,071 150,934 SH SOLE 150,934 PACCAR INC COM 693718108 408 5,075 SH SOLE 5,075 PARKER HANNIFIN CORP COM 701094104 261 3,450 SH SOLE 3,450 PAYCHEX INC COM 704326107 377 11,075 SH SOLE 11,075 PENNEY J C INC COM 708160106 349 8,428 SH SOLE 8,428 PEPSI BOTTLING GROUP INC COM 713409100 200 7,400 SH SOLE 7,400 PEPSICO INC COM 713448108 2,589 49,600 SH SOLE 49,600 PFIZER INC COM 717081103 5,958 221,564 SH SOLE 221,564 PG&E CORP COM 69331C108 396 11,896 SH SOLE 11,896 PHELPS DODGE CORP COM 717265102 281 2,843 SH SOLE 2,843 PITNEY BOWES INC COM 724479100 315 6,800 SH SOLE 6,800 PLUM CREEK TIMBER CO INC COM 729251108 206 5,350 SH SOLE 5,350 PNC FINL SVCS GROUP INC COM 693475105 477 8,300 SH SOLE 8,300 PPG INDS INC COM 693506107 346 5,070 SH SOLE 5,070 PPL CORP COM 69351T106 298 5,600 SH SOLE 5,600 PRAXAIR INC COM 74005P104 422 9,562 SH SOLE 9,562 PRICE T ROWE GROUP INC COM 74144T108 236 3,800 SH SOLE 3,800 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 368 9,000 SH SOLE 9,000 PROCTER & GAMBLE CO COM 742718109 4,114 74,700 SH SOLE 74,700 PROGRESS ENERGY INC COM 743263105 330 7,300 SH SOLE 7,300 PROGRESSIVE CORP OHIO COM 743315103 501 5,900 SH SOLE 5,900 PROLOGIS SHBEN INT 743410102 234 5,400 SH SOLE 5,400 PRUDENTIAL FINL INC COM 744320102 831 15,125 SH SOLE 15,125 PUBLIC SVC ENTERPRISE GROUP COM 744573106 362 6,994 SH SOLE 6,994 PULTE HOMES INC COM 745867101 242 3,800 SH SOLE 3,800 QUALCOMM INC COM 747525103 2,044 48,200 SH SOLE 48,200 QUEST DIAGNOSTICS INC COM 74834L100 287 3,000 SH SOLE 3,000 QWEST COMMUNICATIONS INTL IN COM 749121109 237 53,398 SH SOLE 53,398 RAYTHEON CO COM NEW 755111507 516 13,300 SH SOLE 13,300 REGIONS FINANCIAL CORP NEW COM 7591EP100 489 13,748 SH SOLE 13,748 REYNOLDS AMERICAN INC COM 761713106 338 4,300 SH SOLE 4,300 ROCKWELL AUTOMATION INC COM 773903109 268 5,400 SH SOLE 5,400 ROCKWELL COLLINS INC COM 774341101 205 5,200 SH SOLE 5,200 ROHM & HAAS CO COM 775371107 292 6,592 SH SOLE 6,592 SAFEWAY INC COM NEW 786514208 261 13,200 SH SOLE 13,200 SANMINA SCI CORP COM 800907107 129 15,250 SH SOLE 15,250 SARA LEE CORP COM 803111103 556 23,050 SH SOLE 23,050 SBC COMMUNICATIONS INC COM 78387G103 2,516 97,644 SH SOLE 97,644 SCHERING PLOUGH CORP COM 806605101 903 43,250 SH SOLE 43,250 SCHLUMBERGER LTD COM 806857108 1,158 17,300 SH SOLE 17,300 SCHWAB CHARLES CORP NEW COM 808513105 474 39,600 SH SOLE 39,600 SEARS ROEBUCK & CO COM 812387108 311 6,100 SH SOLE 6,100 SEMPRA ENERGY COM 816851109 252 6,860 SH SOLE 6,860 SIEBEL SYS INC COM 826170102 157 15,000 SH SOLE 15,000 SIMON PPTY GROUP INC NEW COM 828806109 420 6,500 SH SOLE 6,500 SLM CORP COM 78442P106 678 12,700 SH SOLE 12,700 SOLECTRON CORP COM 834182107 152 28,600 SH SOLE 28,600 SOUTHERN CO COM 842587107 732 21,850 SH SOLE 21,850 SOUTHWEST AIRLS CO COM 844741108 372 22,875 SH SOLE 22,875 SOVEREIGN BANCORP INC COM 845905108 230 10,200 SH SOLE 10,200 SPRINT CORPORATION COM FON 852061100 1,075 43,270 SH SOLE 43,270 ST JUDE MED INC COM 790849103 441 10,524 SH SOLE 10,524 ST PAUL TRAVELERS INC COM 792860108 732 19,740 SH SOLE 19,740 STAPLES INC COM 855030102 494 14,650 SH SOLE 14,650 STARBUCKS CORP COM 855244109 736 11,800 SH SOLE 11,800 STARWOOD HOTELS&RESORTS WRLD PAIRED 85590A203 356 6,100 SH SOLE 6,100 CTF STATE STR CORP COM 857477103 481 9,800 SH SOLE 9,800 STRYKER CORP COM 863667101 569 11,800 SH SOLE 11,800 SUN MICROSYSTEMS INC COM 866810104 534 99,014 SH SOLE 99,014 SUNGARD DATA SYS INC COM 867363103 242 8,550 SH SOLE 8,550 SUNTRUST BKS INC COM 867914103 805 10,900 SH SOLE 10,900 SYMANTEC CORP COM 871503108 482 18,700 SH SOLE 18,700 SYNOVUS FINL CORP COM 87161C105 259 9,050 SH SOLE 9,050 SYSCO CORP COM 871829107 718 18,800 SH SOLE 18,800 TARGET CORP COM 87612E106 1,368 26,350 SH SOLE 26,350 TELLABS INC COM 879664100 117 13,600 SH SOLE 13,600 TENET HEALTHCARE CORP COM 88033G100 150 13,674 SH SOLE 13,674 TEXAS INSTRS INC COM 882508104 1,253 50,900 SH SOLE 50,900 TEXTRON INC COM 883203101 295 4,000 SH SOLE 4,000 TIME WARNER TELECOM INC COM 887317105 2,622 134,795 SH SOLE 134,795 TJX COS INC NEW COM 872540109 357 14,200 SH SOLE 14,200 TRANSOCEAN INC ORD G90078109 403 9,504 SH SOLE 9,504 TRIBUNE CO NEW COM 896047107 397 9,426 SH SOLE 9,426 TXU CORP COM 873168108 459 7,102 SH SOLE 7,102 TYCO INTL LTD NEW COM 902124106 2,115 59,180 SH SOLE 59,180 UNION PAC CORP COM 907818108 511 7,600 SH SOLE 7,600 UNITED PARCEL SERVICE INC CL B 911312106 2,816 32,950 SH SOLE 32,950 UNITED TECHNOLOGIES CORP COM 913017109 1,550 15,000 SH SOLE 15,000 UNITEDHEALTH GROUP INC COM 91324P102 1,686 19,152 SH SOLE 19,152 UNIVISION COMMUNICATIONS INC CL A 914906102 278 9,500 SH SOLE 9,500 UNOCAL CORP COM 915289102 331 7,650 SH SOLE 7,650 US BANCORP DEL COM NEW 902973304 1,724 55,047 SH SOLE 55,047 UST INC COM 902911106 234 4,874 SH SOLE 4,874 VALERO ENERGY CORP NEW COM 91913Y100 345 7,600 SH SOLE 7,600 VERITAS SOFTWARE CO COM 923436109 354 12,415 SH SOLE 12,415 VERIZON COMMUNICATIONS COM 92343V104 3,301 81,498 SH SOLE 81,498 VIACOM INC CL B 925524308 1,828 50,227 SH SOLE 50,227 VOLTERRA SEMICONDUCTOR CORP COM 928708106 12,802 591,312 SH SOLE 591,312 WACHOVIA CORP 2ND NEW COM 929903102 2,483 47,213 SH SOLE 47,213 WAL MART STORES INC COM 931142103 6,579 124,552 SH SOLE 124,552 WALGREEN CO COM 931422109 1,153 30,050 SH SOLE 30,050 WASHINGTON MUT INC COM 939322103 1,085 25,673 SH SOLE 25,673 WASTE MGMT INC DEL COM 94106L109 502 16,763 SH SOLE 16,763 WELLPOINT INC COM 94973V107 1,001 8,700 SH SOLE 8,700 WELLS FARGO & CO NEW COM 949746101 3,093 49,774 SH SOLE 49,774 WEYERHAEUSER CO COM 962166104 478 7,117 SH SOLE 7,117 WILLIAMS COS INC DEL COM 969457100 267 16,400 SH SOLE 16,400 WRIGLEY WM JR CO COM 982526105 457 6,600 SH SOLE 6,600 WYETH COM 983024100 1,675 39,326 SH SOLE 39,326 XCEL ENERGY INC COM 98389B100 215 11,835 SH SOLE 11,835 XEROX CORP COM 984121103 480 28,200 SH SOLE 28,200 XILINX INC COM 983919101 306 10,300 SH SOLE 10,300 XL CAP LTD CL A G98255105 318 4,100 SH SOLE 4,100 XTO ENERGY INC COM 98385X106 283 8,000 SH SOLE 8,000 YAHOO INC COM 984332106 1,526 40,500 SH SOLE 40,500 YUM BRANDS INC COM 988498101 405 8,584 SH SOLE 8,584 ZIMMER HLDGS INC COM 98956P102 576 7,189 SH SOLE 7,189 REPORT GRAND TOTAL 339,295