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, 2003 Check here if Amendment [ X ]; Amendment Number: 2 This Amendment (Check only one): [X] 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: Cary Klafter, Vice President, Legal and Government Affairs and Corporate Secretary (408) 765-1215 --------------------------------------------------------------- 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/Cary Klafter Santa Clara, California April 19, 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: 336 Form 13F Information Table Value Total: $334,579,000 12/31/03 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 ACE LTD ORD G0070K103 344 8,300 SH SOLE INGERSOLL-RAND COMPANY LTD CL A G4776G101 346 5,100 SH SOLE TRANSOCEAN INC ORD G90078109 231 9,604 SH SOLE XL CAP LTD CL A G98255105 318 4,100 SH SOLE A D C TELECOMMUNICATIONS COM 000886101 71 24,050 SH SOLE AFLAC INC COM 001055102 555 15,350 SH SOLE AES CORP COM 00130H105 175 18,550 SH SOLE AT&T CORP COM NEW 001957505 477 23,521 SH SOLE AT&T WIRELESS SVCS INC COM 00209A106 648 81,125 SH SOLE ABBOTT LABS COM 002824100 2,178 46,744 SH SOLE ADOBE SYS INC COM 00724F101 274 7,000 SH SOLE ADVANCED MICRO DEVICES INC COM 007903107 154 10,350 SH SOLE AETNA INC NEW COM 00817Y108 314 4,639 SH SOLE AGILENT TECHNOLOGIES INC COM 00846U101 412 14,078 SH SOLE AIR PRODS & CHEMS INC COM 009158106 359 6,800 SH SOLE ALBERTSONS INC COM 013104104 249 11,001 SH SOLE ALCOA INC COM 013817101 960 25,252 SH SOLE ALLERGAN INC COM 018490102 300 3,900 SH SOLE ALLSTATE CORP COM 020002101 907 21,080 SH SOLE ALLTEL CORP COM 020039103 433 9,300 SH SOLE ALTERA CORP COM 021441100 258 11,400 SH SOLE ALTRIA GROUP INC COM 02209S103 3,301 60,649 SH SOLE AMBAC FINL GROUP INC COM 023139108 222 3,200 SH SOLE AMEREN CORP COM 023608102 221 4,800 SH SOLE AMERICAN ELEC PWR INC COM 025537101 359 11,782 SH SOLE AMERICAN EXPRESS CO COM 025816109 1,854 38,450 SH SOLE AMERICAN INTL GROUP INC COM 026874107 5,173 78,043 SH SOLE AMERICAN STD COS INC DEL COM 029712106 222 2,200 SH SOLE AMGEN INC COM 031162100 2,387 38,635 SH SOLE AMSOUTH BANCORPORATION COM 032165102 257 10,500 SH SOLE ANADARKO PETE CORP COM 032511107 382 7,493 SH SOLE ANALOG DEVICES INC COM 032654105 498 10,900 SH SOLE ANHEUSER BUSCH COS INC COM 035229103 1,301 24,700 SH SOLE ANTHEM INC COM 03674B104 308 4,100 SH SOLE AON CORP COM 037389103 224 9,356 SH SOLE APACHE CORP COM 037411105 389 4,794 SH SOLE APOLLO GROUP INC CL A 037604105 359 5,300 SH SOLE APPLE COMPUTER INC COM 037833100 231 10,800 SH SOLE APPLIED MATLS INC COM 038222105 1,113 49,600 SH SOLE ARCHER DANIELS MIDLAND CO COM 039483102 293 19,267 SH SOLE AUTOMATIC DATA PROCESSING IN COM 053015103 709 17,902 SH SOLE Page Fair Market Value 29,766 773,715 AUTOZONE INC COM 053332102 230 2,700 SH SOLE AVAYA INC COM 053499109 161 12,421 SH SOLE AVON PRODS INC COM 054303102 473 7,014 SH SOLE BB&T CORP COM 054937107 622 16,100 SH SOLE BAKER HUGHES INC COM 057224107 320 9,960 SH SOLE BANK OF AMERICA CORPORATION COM 060505104 3,597 44,717 SH SOLE BANK NEW YORK INC COM 064057102 763 23,040 SH SOLE BANK ONE CORP COM 06423A103 1,539 33,762 SH SOLE BAXTER INTL INC COM 071813109 557 18,240 SH SOLE BEAR STEARNS COS INC COM 073902108 238 2,974 SH SOLE BECTON DICKINSON & CO COM 075887109 313 7,600 SH SOLE BED BATH & BEYOND INC COM 075896100 381 8,800 SH SOLE BELLSOUTH CORP COM 079860102 1,564 55,282 SH SOLE BEST BUY INC COM 086516101 502 9,600 SH SOLE BIOMET INC COM 090613100 277 7,650 SH SOLE BIOGEN IDEC INC COM 09062X103 359 9,775 SH SOLE BLOCK H & R INC COM 093671105 299 5,400 SH SOLE BOEING CO COM 097023105 1,058 25,115 SH SOLE BOSTON SCIENTIFIC CORP COM 101137107 904 24,584 SH SOLE BRISTOL MYERS SQUIBB CO COM 110122108 1,657 57,946 SH SOLE BROADCOM CORP CL A 111320107 303 8,900 SH SOLE BURLINGTON NORTHN SANTA FE C COM 12189T104 361 11,167 SH SOLE BURLINGTON RES INC COM 122014103 331 5,972 SH SOLE CIGNA CORP COM 125509109 242 4,200 SH SOLE CSX CORP COM 126408103 230 6,400 SH SOLE CVS CORP COM 126650100 426 11,800 SH SOLE CALPINE CORP COM 131347106 60 12,400 SH SOLE CAMPBELL SOUP CO COM 134429109 330 12,300 SH SOLE CAPITAL ONE FINL CORP COM 14040H105 417 6,800 SH SOLE CARDINAL HEALTH INC COM 14149Y108 816 13,350 SH SOLE CARNIVAL CORP PAIRED 143658300 747 18,800 SH SOLE CTF CATERPILLAR INC DEL COM 149123101 854 10,290 SH SOLE CENDANT CORP COM 151313103 674 30,281 SH SOLE CHARTER ONE FINL INC COM 160903100 235 6,788 SH SOLE CHEVRONTEXACO CORP COM 166764100 2,759 31,940 SH SOLE CHIRON CORP COM 170040109 319 5,600 SH SOLE CHUBB CORP COM 171232101 385 5,650 SH SOLE CIENA CORP COM 171779101 92 14,100 SH SOLE CINCINNATI FINL CORP COM 172062101 200 4,800 SH SOLE CINERGY CORP COM 172474108 206 5,300 SH SOLE CISCO SYS INC COM 17275R102 5,086 209,918 SH SOLE CINTAS CORP COM 172908105 256 5,100 SH SOLE Page Fair Market Value 31,143 824,536 CITIGROUP INC COM 172967101 7,475 153,993 SH SOLE CLEAR CHANNEL COMMUNICATIONS INC COM 184502102 862 18,400 SH SOLE CLOROX CO DEL COM 189054109 316 6,500 SH SOLE COCA COLA CO COM 191216100 3,731 73,508 SH SOLE COCA COLA ENTERPRISES INC COM 191219104 295 13,500 SH SOLE COLGATE PALMOLIVE CO COM 194162103 806 16,100 SH SOLE COMCAST CORP NEW CL A 20030N101 2,207 67,299 SH SOLE COMERICA INC COM 200340107 292 5,200 SH SOLE COMPUTER ASSOC INTL INC COM 204912109 474 17,350 SH SOLE COMPUTER SCIENCES CORP COM 205363104 248 5,600 SH SOLE COMPUWARE CORP COM 205638109 69 11,400 SH SOLE CONAGRA FOODS INC COM 205887102 425 16,100 SH SOLE CONCORD EFS INC COM 206197105 217 14,600 SH SOLE CONOCOPHILLIPS COM 20825C104 1,336 20,382 SH SOLE CONSOLIDATED EDISON INC COM 209115104 288 6,700 SH SOLE CORNING INC COM 219350105 416 39,850 SH SOLE COSTCO WHSL CORP NEW COM 22160K105 509 13,700 SH SOLE COUNTRYWIDE FINANCIAL CORP COM 222372104 415 5,467 SH SOLE DANAHER CORP DEL COM 235851102 422 4,600 SH SOLE DEERE & CO COM 244199105 468 7,200 SH SOLE DELL INC COM 24702R101 2,611 76,850 SH SOLE DELPHI CORPORATION COM 247126105 171 16,758 SH SOLE DEVON ENERGY CORP NEW COM 25179M103 395 6,900 SH SOLE DISNEY WALT CO COM 254687106 1,426 61,112 SH SOLE DISNEY DOLLAR GEN CORP COM 256669102 210 10,018 SH SOLE DOMINION RES INC VA NEW COM 25746U109 618 9,684 SH SOLE DOVER CORP COM 260003108 242 6,100 SH SOLE DOW CHEM CO COM 260543103 1,143 27,493 SH SOLE DU PONT E I DE NEMOURS & CO COM 263534109 1,365 29,750 SH SOLE DUKE ENERGY CORP COM 264399106 553 27,046 SH SOLE DYNEGY INC NEW CL A 26816Q101 48 11,250 SH SOLE E M C CORP MASS COM 268648102 848 65,604 SH SOLE EASTMAN KODAK CO COM 277461109 219 8,550 SH SOLE EATON CORP COM 278058102 238 2,200 SH SOLE EBAY INC COM 278642103 1,241 19,200 SH SOLE ECOLAB INC COM 278865100 213 7,800 SH SOLE EDISON INTL COM 281020107 213 9,700 SH SOLE EL PASO CORP COM 28336L109 147 17,914 SH SOLE ELECTRONIC ARTS INC COM 285512109 420 8,800 SH SOLE ELECTRONIC DATA SYS NEW COM 285661104 351 14,300 SH SOLE EMERSON ELEC CO COM 291011104 813 12,550 SH SOLE Page Fair Market Value 34,756 967,028 ENTERGY CORP NEW COM 29364G103 388 6,800 SH SOLE EQUITY OFFICE PROPERTIES TRU COM 294741103 341 11,900 SH SOLE EQUITY RESIDENTIAL SH BEN 29476L107 241 8,150 SH SOLE INT EXELON CORP COM 30161N101 644 9,700 SH SOLE EXXON MOBIL CORP COM 30231G102 8,135 198,425 SH SOLE FPL GROUP INC COM 302571104 360 5,500 SH SOLE FEDERAL HOME LN MTG CORP COM 313400301 1,212 20,782 SH SOLE FEDERAL NATL MTG ASSN COM 313586109 2,188 29,150 SH SOLE FEDERATED DEPT STORES INC DE COM 31410H101 262 5,559 SH SOLE FEDEX CORP COM 31428X106 601 8,900 SH SOLE FIFTH THIRD BANCORP COM 316773100 1,004 16,992 SH SOLE FIRST DATA CORP COM 319963104 908 22,100 SH SOLE FISERV INC COM 337738108 229 5,800 SH SOLE FIRSTENERGY CORP COM 337932107 341 9,700 SH SOLE FLEETBOSTON FINL CORP COM 339030108 1,373 31,458 SH SOLE FORD MTR CO DEL COM PAR 345370860 877 54,815 SH SOLE $0.01 FOREST LABS INC COM 345838106 674 10,900 SH SOLE FORTUNE BRANDS INC COM 349631101 314 4,386 SH SOLE FRANKLIN RES INC COM 354613101 390 7,500 SH SOLE FREEPORTMCMORAN COPPER & GO CL B 35671D857 213 5,061 SH SOLE GANNETT INC COM 364730101 722 8,100 SH SOLE GAP INC DEL COM 364760108 620 26,725 SH SOLE GENERAL DYNAMICS CORP COM 369550108 533 5,900 SH SOLE GENERAL ELEC CO COM 369604103 9,281 299,584 SH SOLE GENERAL MLS INC COM 370334104 503 11,100 SH SOLE GENERAL MTRS CORP COM 370442105 896 16,774 SH SOLE GENZYME CORP COM GENL 372917104 325 6,600 SH SOLE DIV GEORGIA PAC CORP COM 373298108 234 7,618 SH SOLE GILLETTE CO COM 375766102 1,122 30,550 SH SOLE GOLDEN WEST FINL CORP DEL COM 381317106 470 4,550 SH SOLE GOLDMAN SACHS GROUP INC COM 38141G104 1,402 14,200 SH SOLE GUIDANT CORP COM 401698105 554 9,200 SH SOLE HCA INC COM 404119109 642 14,950 SH SOLE HALLIBURTON CO COM 406216101 341 13,100 SH SOLE HANCOCK JOHN FINL SVCS INC COM 41014S106 324 8,650 SH SOLE HARLEY DAVIDSON INC COM 412822108 428 9,000 SH SOLE HARTFORD FINL SVCS GROUP INC COM 416515104 496 8,400 SH SOLE HEINZ H J CO COM 423074103 383 10,500 SH SOLE HERSHEY FOODS CORP COM 427866108 300 3,900 SH SOLE HEWLETT PACKARD CO COM 428236103 2,098 91,316 SH SOLE Page Fair Market Value 42,369 1,074,295 HILTON HOTELS CORP COM 432848109 194 11,300 SH SOLE HOME DEPOT INC COM 437076102 2,440 68,750 SH SOLE HONEYWELL INTL INC COM 438516106 861 25,757 SH SOLE ITT INDS INC IND COM 450911102 208 2,800 SH SOLE ILLINOIS TOOL WKS INC COM 452308109 772 9,200 SH SOLE INTERNATIONAL BUSINESS MACHS COM 459200101 4,793 51,718 SH SOLE INTERNATIONAL GAME TECHNOLOG COM 459902102 368 10,300 SH SOLE INTL PAPER CO COM 460146103 617 14,316 SH SOLE INTERPUBLIC GROUP COS INC COM 460690100 183 11,700 SH SOLE INTUIT COM 461202103 322 6,100 SH SOLE IPASS INC COM 46261V108 9,620 586,224 SH SOLE JDS UNIPHASE CORP COM 46612J101 156 42,800 SH SOLE J P MORGAN CHASE & CO COM 46625H100 2,236 60,871 SH SOLE JEFFERSON PILOT CORP COM 475070108 214 4,225 SH SOLE JOHNSON & JOHNSON COM 478160104 4,586 88,766 SH SOLE JOHNSON CTLS INC COM 478366107 314 2,700 SH SOLE KLA-TENCOR CORP COM 482480100 334 5,700 SH SOLE KELLOGG CO COM 487836108 464 12,180 SH SOLE KEYCORP NEW COM 493267108 369 12,584 SH SOLE KIMBERLY CLARK CORP COM 494368103 892 15,100 SH SOLE KINDER MORGAN INC KANS COM 49455P101 219 3,700 SH SOLE KOHLS CORP COM 500255104 458 10,200 SH SOLE KROGER CO COM 501044101 416 22,450 SH SOLE LSI LOGIC CORP COM 502161102 100 11,300 SH SOLE LEHMAN BROS HLDGS INC COM 524908100 633 8,200 SH SOLE LEXMARK INTL NEW CL A 529771107 299 3,800 SH SOLE LILLY ELI & CO COM 532457108 2,360 33,550 SH SOLE LIMITED BRANDS INC COM 532716107 281 15,606 SH SOLE LINCOLN NATL CORP IND COM 534187109 214 5,300 SH SOLE LINEAR TECHNOLOGY CORP COM 535678106 395 9,400 SH SOLE LOCKHEED MARTIN CORP COM 539830109 691 13,444 SH SOLE LOEWS CORP COM 540424108 272 5,500 SH SOLE LOWES COS INC COM 548661107 1,296 23,400 SH SOLE LUCENT TECHNOLOGIES INC COM 549463107 353 124,411 SH SOLE MBIA INC COM 55262C100 255 4,300 SH SOLE MBNA CORP COM 55262L100 949 38,180 SH SOLE MARATHON OIL CORP COM 565849106 308 9,300 SH SOLE MARSH & MCLENNAN COS INC COM 571748102 764 15,958 SH SOLE MARSHALL & ILSLEY CORP COM 571834100 260 6,800 SH SOLE MARRIOTT INTL INC NEW CL A 571903202 323 7,000 SH SOLE MASCO CORP COM 574599106 386 14,100 SH SOLE MATTEL INC COM 577081102 254 13,175 SH SOLE Page Fair Market Value 41,429 1,442,165 MAXIM INTEGRATED PRODS INC COM 57772K101 481 9,700 SH SOLE MAY DEPT STORES CO COM 577778103 250 8,600 SH SOLE MCDONALDS CORP COM 580135101 944 38,004 SH SOLE MCGRAW HILL COS INC COM 580645109 399 5,700 SH SOLE MCKESSON CORP COM 58155Q103 280 8,713 SH SOLE MEDCO HEALTH SOLUTIONS INC COM 58405U102 276 8,130 SH SOLE MEDTRONIC INC COM 585055106 1,768 36,362 SH SOLE MELLON FINL CORP COM 58551A108 413 12,850 SH SOLE MERCK & CO INC COM 589331107 3,092 66,916 SH SOLE MERRILL LYNCH & CO INC COM 590188108 1,637 27,918 SH SOLE METLIFE INC COM 59156R108 764 22,700 SH SOLE MICROSOFT CORP COM 594918104 8,850 323,350 SH SOLE MICRON TECHNOLOGY INC COM 595112103 245 18,200 SH SOLE MONSANTO CO NEW COM 61166W101 225 7,833 SH SOLE MOODYS CORP COM 615369105 272 4,500 SH SOLE MORGAN STANLEY COM NEW 617446448 1,884 32,556 SH SOLE MOTOROLA INC COM 620076109 974 69,598 SH SOLE NATIONAL CITY CORP COM 635405103 624 18,400 SH SOLE NATIONAL SEMICONDUCTOR CORP COM 637640103 217 5,500 SH SOLE NEOMAGIC CORP COM 640497103 30 10,497 SH SOLE NETWORK APPLIANCE INC COM 64120L104 208 10,200 SH SOLE NEW YORK TIMES CO CL A 650111107 213 4,450 SH SOLE NEWMONT MINING CORP COM 651639106 630 12,962 SH SOLE NEXTEL COMMUNICATIONS INC CL A 65332V103 923 32,900 SH SOLE NIKE INC CL B 654106103 541 7,900 SH SOLE NORFOLK SOUTHERN CORP COM 655844108 276 11,650 SH SOLE NORTHERN TR CORP COM 665859104 305 6,600 SH SOLE NORTHROP GRUMMAN CORP COM 666807102 524 5,479 SH SOLE NOVELL INC COM 670006105 117 11,094 SH SOLE OCCIDENTAL PETE CORP DEL COM 674599105 482 11,400 SH SOLE OMNICOM GROUP INC COM 681919106 498 5,700 SH SOLE ORACLE CORP COM 68389X105 2,071 156,534 SH SOLE PG&E CORP COM 69331C108 341 12,296 SH SOLE PNC FINL SVCS GROUP COM 693475105 460 8,400 SH SOLE PPG INDS INC COM 693506107 325 5,070 SH SOLE PPL CORP COM 69351T106 232 5,300 SH SOLE PACCAR INC COM 693718108 294 3,450 SH SOLE PARKER HANNIFIN CORP COM 701094104 211 3,550 SH SOLE PAYCHEX INC COM 704326107 419 11,275 SH SOLE PENNEY J C INC COM 708160106 214 8,128 SH SOLE PEOPLESOFT INC COM 712713106 248 10,900 SH SOLE PEPSICO INC COM 713448108 2,406 51,600 SH SOLE Page Fair Market Value 35,563 1,132,865 PFIZER INC COM STK 717081103 8,227 232,864 SH SOLE USD0.05 PHELPS DODGE CORP COM 717265102 201 2,643 SH SOLE PITNEY BOWES INC COM 724479100 284 7,000 SH SOLE PRAXAIR INC COM 74005P104 369 9,662 SH SOLE PRINCIPAL FINANCIAL GROUP IN COM 74251V102 321 9,700 SH SOLE PROCTER & GAMBLE CO COM 742718109 3,870 38,750 SH SOLE PROGRESS ENERGY INC COM 743263105 330 7,300 SH SOLE PROGRESSIVE CORP OHIO COM 743315103 543 6,500 SH SOLE PRUDENTIAL FINL INC COM 744320102 682 16,325 SH SOLE PUBLIC SVC ENTERPRISE GROUP COM 744573106 298 6,794 SH SOLE QUALCOMM INC COM 747525103 1,278 23,700 SH SOLE QUEST DIAGNOSTICS INC COM 74834L100 227 3,100 SH SOLE QWEST COMMUNICATIONS INTL IN COM 749121109 219 50,698 SH SOLE RAYTHEON CO COM NEW 755111507 372 12,400 SH SOLE REGIONS FINL CORP COM 758940100 249 6,700 SH SOLE ROHM & HAAS CO COM 775371107 286 6,692 SH SOLE SBC COMMUNICATIONS INC COM 78387G103 2,590 99,344 SH SOLE SLM CORP COM 78442P106 509 13,500 SH SOLE SAFEWAY INC COM NEW 786514208 289 13,200 SH SOLE ST JUDE MED INC COM 790849103 314 5,112 SH SOLE ST PAUL COS INC COM 792860108 269 6,772 SH SOLE SANMINA-SCI CORP COM 800907107 192 15,250 SH SOLE SARA LEE CORP COM 803111103 505 23,250 SH SOLE SCHERING PLOUGH CORP COM 806605101 764 43,950 SH SOLE SCHLUMBERGER LTD COM 806857108 952 17,400 SH SOLE SCHWAB CHARLES CORP NEW COM 808513105 480 40,500 SH SOLE SEARS ROEBUCK & CO COM 812387108 346 7,600 SH SOLE SEMPRA ENERGY COM 816851109 200 6,660 SH SOLE SIEBEL SYS INC COM 826170102 206 14,800 SH SOLE SIMON PPTY GROUP INC NEW COM 828806109 269 5,800 SH SOLE SOLECTRON CORP COM 834182107 147 24,800 SH SOLE SOUTHERN CO COM 842587107 658 21,750 SH SOLE SOUTHTRUST CORP COM 844730101 331 10,100 SH SOLE SOUTHWEST AIRLS CO COM 844741108 377 23,375 SH SOLE SPRINT CORP COM FON 852061100 443 26,966 SH SOLE GROUP SPRINT CORP PCS COM 852061506 174 30,908 SH SOLE SER 1 STANDARD MICROSYSTEMS CORP COM 853626109 40,414 1,542,506 SH SOLE STAPLES INC COM 855030102 400 14,650 SH SOLE STARBUCKS CORP COM 855244109 388 11,700 SH SOLE Page Fair Market Value 68,973 2,460,721 STARWOOD HOTELS&RESORTS WRLD PAIRED 85590A203 216 6,000 SH SOLE CTF STATE STR CORP COM 857477103 521 10,000 SH SOLE STRYKER CORP COM 863667101 510 6,000 SH SOLE SUN MICROSYSTEMS INC COM 866810104 432 96,614 SH SOLE SUNGARD DATA SYS INC COM 867363103 237 8,550 SH SOLE SUNTRUST BKS INC COM 867914103 601 8,400 SH SOLE SYMANTEC CORP COM 871503108 314 9,100 SH SOLE SYNOVUS FINL CORP COM 87161C105 262 9,050 SH SOLE SYSCO CORP COM 871829107 722 19,400 SH SOLE TJX COS INC NEW COM 872540109 337 15,300 SH SOLE TXU CORP COM 873168108 228 9,602 SH SOLE TARGET CORP COM 87612E106 1,046 27,250 SH SOLE TELLABS INC COM 879664100 103 12,300 SH SOLE TENET HEALTHCARE CORP COM 88033G100 223 13,874 SH SOLE TEXAS INSTRS INC COM 882508104 1,522 51,800 SH SOLE TEXTRON INC COM 883203101 234 4,100 SH SOLE 3M CO COM 88579Y101 1,990 23,400 SH SOLE TIME WARNER INC COM NEW 887317105 2,429 134,995 SH SOLE TRAVELERS PPTY CAS CORP NEW CL B 89420G406 511 30,122 SH SOLE TRIBUNE CO NEW COM 896047107 486 9,426 SH SOLE TYCO INTL LTD NEW COM 902124106 1,582 59,680 SH SOLE US BANCORP DEL COM NEW 902973304 1,717 57,647 SH SOLE UNION PAC CORP COM 907818108 528 7,600 SH SOLE UNITED PARCEL SERVICE INC CL B 911312106 2,509 33,650 SH SOLE UNITED TECHNOLOGIES CORP COM 913017109 1,327 14,000 SH SOLE UNITEDHEALTH GROUP INC COM 91324P102 1,039 17,852 SH SOLE UNIVISION COMMUNICATIONS INC CL A 914906102 381 9,600 SH SOLE UNOCAL CORP COM 915289102 285 7,750 SH SOLE VERIZON COMMUNICATIONS COM 92343V104 2,891 82,398 SH SOLE VERITAS SOFTWARE CO COM 923436109 471 12,715 SH SOLE VIACOM INC CL B 925524308 2,331 52,527 SH SOLE WACHOVIA CORP 2ND NEW COM 929903102 1,854 39,791 SH SOLE WAL MART STORES INC COM 931142103 6,931 130,652 SH SOLE WALGREEN CO COM 931422109 1,115 30,650 SH SOLE WASHINGTON MUT INC COM 939322103 1,106 27,573 SH SOLE WASTE MGMT INC DEL COM 94106L109 523 17,663 SH SOLE WELLPOINT HEALTH NETWORK INC NEW COM 94973H108 427 4,400 SH SOLE WELLS FARGO & CO NEW COM 949746101 2,955 50,174 SH SOLE WEYERHAEUSER CO COM 962166104 417 6,517 SH SOLE WILLIAMS COS INC DEL COM 969457100 152 15,500 SH SOLE WRIGLEY WM JR CO COM 982526105 377 6,700 SH SOLE Page Fair Market Value 43,842 1,190,322 WYETH COM 983024100 1,691 39,826 SH SOLE XCEL ENERGY INC COM 98389B100 203 11,935 SH SOLE XILINX INC COM 983919101 394 10,200 SH SOLE XEROX CORP COM 984121103 326 23,600 SH SOLE YAHOO INC COM 984332106 876 19,450 SH SOLE YUM BRANDS INC COM 988498101 302 8,784 SH SOLE ZHONE TECHNOLOGIES INC NEW COM 98951P108 2,468 92,903 SH DEFINED NONE 92,903 ZIMMER HLDGS INC COM 98956P102 478 6,789 SH SOLE Page Fair Market Value 6,738 213,487 REPORT TOTAL 334,579 10,079,134