UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 1999 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 August 13, 1999 - --------------------- 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: 550 Form 13F Information Table Value Total: $3,916,517,000 *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 6/30/99 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 * COM * 2,947 1,309,850 SH SOLE 1,309,850 * COM * 6,888 297,872 SH SOLE 297,872 3COM CORP COM 885535104 1,895 71,000 SH SOLE 71,000 3DLABS INC., LTD. ORD G8846W103 723 218,163 SH SOLE 218,163 ABBOTT LABS COM 002824100 13,619 300,140 SH SOLE 300,140 ADOBE SYS INC DEL COM 00724F101 986 12,000 SH SOLE 12,000 ADVANCED MICRO DEVICES INC COM 007903107 518 28,679 SH SOLE 28,679 AES CORP COM 00130H105 2,186 37,600 SH SOLE 37,600 AETNA INC COM 008117103 2,532 28,306 SH SOLE 28,306 AFLAC INC COM 001055102 2,528 52,800 SH SOLE 52,800 AIR PRODS & CHEMS INC COM 009158106 1,827 45,400 SH SOLE 45,400 ALBERTO CULVER CO CL B COM 013068101 301 11,300 SH SOLE 11,300 ALBERTSONS INC COM 013104104 4,271 82,841 SH SOLE 82,841 ALCAN ALUM LTD COM 013716105 1,437 45,000 SH SOLE 45,000 ALCOA INC COM 013817101 4,492 72,600 SH SOLE 72,600 ALLEGHENY TELEDYNE INC COM 017415100 878 38,797 SH SOLE 38,797 ALLERGAN INC COM 018490102 1,454 13,100 SH SOLE 13,100 ALLIED SIGNAL INC COM 019512102 6,943 110,200 SH SOLE 110,200 ALLSTATE CORP COM 020002101 5,822 162,280 SH SOLE 162,280 FAIR MARKET VALUE TOTAL: 62,247 * Requested confidential treatment for this investment. ALLTEL CORP COM 020039103 3,890 54,400 SH SOLE 54,400 ALZA CORP COM 022615108 1,007 19,800 SH SOLE 19,800 AMERADA HESS CORP COM 023551104 1,065 17,900 SH SOLE 17,900 AMEREN CORP COM 023608102 1,042 27,150 SH SOLE 27,150 AMERICA ONLINE, INC. COM 02364J104 35,870 334,681 SH SOLE 334,681 AMERICAN ELEC PWR INC COM 025537101 1,420 37,800 SH SOLE 37,800 AMERICAN EXPRESS CO COM 025816109 11,650 89,528 SH SOLE 89,528 AMERICAN GEN CORP COM 026351106 3,760 49,881 SH SOLE 49,881 AMERICAN GREETINGS CORP CL A COM 026375105 417 13,845 SH SOLE 13,845 AMERICAN HOME PRODS CORP COM 026609107 14,955 260,660 SH SOLE 260,660 AMERICAN INTL GROUP INC COM 026874107 28,478 242,880 SH SOLE 242,880 AMERITECH CORP NEW COM 030954101 15,979 217,400 SH SOLE 217,400 AMGEN INC COM 031162100 6,130 100,700 SH SOLE 100,700 AMR CORP DEL COM 001765106 2,464 36,100 SH SOLE 36,100 AMSOUTH BANCORPORATION COM 032165102 819 35,300 SH SOLE 35,300 ANADARKO PETE CORP COM 032511107 920 25,000 SH SOLE 25,000 ANDREW CORP COM 034425108 310 16,375 SH SOLE 16,375 ANHEUSER BUSCH COS INC COM 035229103 6,704 94,500 SH SOLE 94,500 AON CORP COM 037389103 2,080 50,435 SH SOLE 50,435 APACHE CORP COM 037411105 854 21,900 SH SOLE 21,900 APPLE COMPUTER INC COM 037833100 1,459 31,500 SH SOLE 31,500 APPLIED MATLS INC COM 038222105 5,393 73,000 SH SOLE 73,000 ARCHER DANIELS MIDLAND CO COM 039483102 1,808 117,138 SH SOLE 117,138 ARMSTRONG WORLD INDS INC COM 042476101 457 7,900 SH SOLE 7,900 ASARCO INC COM 043413103 147 7,800 SH SOLE 7,800 ASHLAND INC COM 044204105 590 14,700 SH SOLE 14,700 ASSOCIATES FIRST CAP CORP CL A COM 046008108 6,355 144,022 SH SOLE 144,022 AT HOME CORPORATION COM SER A 045919107 14,420 280,000 SH SOLE 280,000 AT&T CORP COM 001957109 34,738 622,414 SH SOLE 622,414 ATLANTIC RICHFIELD CO COM 048825103 5,390 64,500 SH SOLE 64,500 AUTODESK INC COM 052769106 6,292 224,550 SH SOLE 11,700 AUTOMATIC DATA PROCESSING INC COM 053015103 5,359 121,800 SH SOLE 121,800 FAIR MARKET VALUE TOTAL: 222,222 AUTOZONE INC COM 053332102 895 29,700 SH SOLE 29,700 AVERY DENNISON CORP COM 053611109 1,389 23,000 SH SOLE 23,000 AVID TECHNOLOGY, INC. COM 05367P100 12,039 802,632 SH SOLE 802,632 AVON PRODS INC COM 054303102 2,880 51,900 SH SOLE 51,900 BACKWEB TECHNOLOGIES, LTD. ORD M15633106 9,194 507,247 SH SOLE 507,247 BAKER HUGHES INC COM 057224107 2,166 64,670 SH SOLE 64,670 BALL CORP COM 058498106 258 6,100 SH SOLE 6,100 BANK NEW YORK INC COM 064057102 5,520 150,464 SH SOLE 150,464 BANK OF AMERICA CORP COM 060505104 25,095 342,296 SH SOLE 342,296 BANK ONE CORP COM 06423A103 13,850 232,526 SH SOLE 232,526 BANKBOSTON CORP COM 06605R106 2,996 58,600 SH SOLE 58,600 BANKERS TRUST CORP COM 066365107 372 4,000 SH SOLE 4,000 BARD C R INC COM 067383109 507 10,600 SH SOLE 10,600 BARRICK GOLD CORP COM 067901108 1,430 73,800 SH SOLE 73,800 BATTLE MTN GOLD CO COM 071593107 111 45,500 SH SOLE 45,500 BAUSCH & LOMB INC COM 071707103 849 11,100 SH SOLE 11,100 BAXTER INTL INC COM 071813109 3,431 56,600 SH SOLE 56,600 BB&T CORP COM 054937107 2,256 61,500 SH SOLE 61,500 BEA SYSTEMS, INC. COM 073325102 1,226 53,734 SH SOLE 53,734 BEAR STEARNS COS INC COM 073902108 1,030 22,040 SH SOLE 22,040 BECTON DICKINSON & CO COM 075887109 1,476 49,200 SH SOLE 49,200 BELL ATLANTIC CORP COM 077853109 20,071 307,012 SH SOLE 307,012 BELLSOUTH CORP COM 079860102 17,791 385,712 SH SOLE 385,712 BEMIS INC COM 081437105 413 10,400 SH SOLE 10,400 BESTFOODS COM 08658U101 2,797 56,500 SH SOLE 56,500 BETHLEHEM STL CORP COM 087509105 198 25,700 SH SOLE 25,700 BIOMET INC COM 090613100 882 22,200 SH SOLE 22,200 BLACK & DECKER CORP COM 091797100 1,098 17,400 SH SOLE 17,400 BLOCK H & R INC COM 093671105 965 19,300 SH SOLE 19,300 BMC SOFTWARE INC COM 055921100 2,516 46,600 SH SOLE 46,600 BOEING CO COM 097023105 8,164 185,546 SH SOLE 185,546 BOISE CASCADE CORP COM 097383103 478 11,155 SH SOLE 11,155 BOSTON SCIENTIFIC CORP COM 101137107 3,414 77,712 SH SOLE 77,712 BRIGGS & STRATTON CORP COM 109043109 266 4,600 SH SOLE 4,600 FAIR MARKET VALUE TOTAL: 148,024 BRISTOL MYERS SQUIBB CO COM 110122108 27,681 392,988 SH SOLE 392,988 BROADCAST.COM, INC. COM 111310108 102,866 770,172 SH SOLE 770,172 BROWN FORMAN CORP CL B COM 115637209 880 13,500 SH SOLE 13,500 BROWNING FERRIS INDS INC COM 115885105 1,346 31,300 SH SOLE 31,300 BRUNSWICK CORP COM 117043109 507 18,200 SH SOLE 18,200 BURLINGTON NORTH SANTA FE CORP COM 12189T104 2,877 92,806 SH SOLE 92,806 BURLINGTON RES INC COM 122014103 1,518 35,108 SH SOLE 35,108 CABLETRON SYS INC COM 126920107 443 34,100 SH SOLE 34,100 CAMPBELL SOUP CO COM 134429109 4,076 87,900 SH SOLE 87,900 CAPITAL ONE FINL CORP COM 14040H105 2,166 38,900 SH SOLE 38,900 CARDINAL HEALTH INC COM 14149Y108 3,450 53,800 SH SOLE 53,800 CARNIVAL CORP COM 143658102 5,878 121,200 SH SOLE 121,200 CAROLINA PWR & LT CO COM 144141108 1,283 29,976 SH SOLE 29,976 CASE CORP COM 14743R103 703 14,600 SH SOLE 14,600 CATERPILLAR INC COM 149123101 4,257 70,954 SH SOLE 70,954 CBS CORP COM 12490K107 6,085 139,678 SH SOLE 139,678 CENDANT CORP COM 151313103 3,114 151,905 SH SOLE 151,905 CENTEX CORP COM 152312104 443 11,800 SH SOLE 11,800 CENTRAL & SOUTH WEST CORP COM 152357109 983 42,034 SH SOLE 42,034 CENTURYTEL INC COM 156700106 1,083 27,250 SH SOLE 27,250 CERIDIAN CORP COM 15677T106 926 28,318 SH SOLE 28,318 CHAMPION INTL CORP COM 158525105 905 18,900 SH SOLE 18,900 CHASE MANHATTAN CORP NEW COM 16161A108 14,472 167,304 SH SOLE 167,304 CHEVRON CORP COM 166751107 12,263 129,000 SH SOLE 129,000 CHUBB CORP COM 171232101 2,243 32,277 SH SOLE 32,277 CIGNA CORP COM 125509109 3,631 40,800 SH SOLE 40,800 CINCINNATI FINL CORP COM 172062101 1,240 33,000 SH SOLE 33,000 CINERGY CORP COM 172474108 1,005 31,400 SH SOLE 31,400 CIRCUIT CITY GROUP COM 172737108 1,851 19,900 SH SOLE 19,900 CISCO SYS INC COM 17275R102 40,253 624,680 SH SOLE 624,680 CITIGROUP INC COM 172967101 31,822 669,946 SH SOLE 669,946 CLEAR CHANNEL COMMUNICATIONS COM 184502102 4,405 63,900 SH SOLE 63,900 CLOROX CO COM 189054109 2,478 23,200 SH SOLE 23,200 CMGI, INC. COM 125750109 379,789 4,029,588 SH SOLE 4,029,588 FAIR MARKET VALUE TOTAL: 668,923 CMS ENERGY CORP COM 125896100 972 23,200 SH SOLE 23,200 COASTAL CORP COM 190441105 1,695 42,100 SH SOLE 42,100 COCA COLA CO COM 191216100 30,231 487,596 SH SOLE 487,596 COCA COLA ENTERPRISES INC COM 191219104 2,499 84,000 SH SOLE 84,000 COLGATE PALMOLIVE CO COM 194162103 5,703 57,900 SH SOLE 57,900 COLUMBIA ENERGY GROUP COM 197648108 1,036 16,528 SH SOLE 16,528 COLUMBIA/HCA HEALTHCARE CORP COM 197677107 2,912 127,650 SH SOLE 127,650 COMCAST CORP CL A SPL COM 200300200 5,623 146,300 SH SOLE 146,300 COMERICA INC COM 200340107 1,829 30,767 SH SOLE 30,767 COMPAQ COMPUTER CORP COM 204493100 7,905 333,710 SH SOLE 333,710 COMPUTER ASSOC INTL INC COM 204912109 5,835 106,575 SH SOLE 106,575 COMPUTER SCIENCES CORP COM 205363104 2,172 31,400 SH SOLE 31,400 COMPUWARE CORP COM 205638109 2,313 72,700 SH SOLE 72,700 CONAGRA INC COM 205887102 2,578 96,814 SH SOLE 96,814 CONSECO INC COM 208464107 1,929 63,367 SH SOLE 63,367 CONSOLIDATED EDISON INC COM 209115104 2,086 46,100 SH SOLE 46,100 CONSOLIDATED NAT GAS CO COM 209615103 1,154 19,000 SH SOLE 19,000 CONSOLIDATED STORES CORP COM 210149100 586 21,700 SH SOLE 21,700 CONSTELLATION ENGY GRP INC COM 210371100 874 29,500 SH SOLE 29,500 COOPER INDS INC COM 216669101 972 18,700 SH SOLE 18,700 COOPER TIRE & RUBR CO COM 216831107 354 15,000 SH SOLE 15,000 COORS ADOLPH CO CL B COM 217016104 356 7,200 SH SOLE 7,200 COPPER MOUNTAIN NETWORKS, INC. COM 217510106 41,142 709,345 SH SOLE 709,345 CORNING INC COM 219350105 3,387 48,300 SH SOLE 48,300 COSTCO COS INC COM 22160Q102 3,459 43,200 SH SOLE 43,200 COUNTRYWIDE CR INDS INC COM 222372104 953 22,300 SH SOLE 22,300 COVAD COMMUNICATIONS GROUP, INC COM 222814204 154,861 3,709,242 SH SOLE 3,709,242 CRANE CO COM 224399105 425 13,525 SH SOLE 13,525 CROWN CORK & SEAL INC COM 228255105 688 24,153 SH SOLE 24,153 CSX CORP COM 126408103 1,947 42,900 SH SOLE 42,900 CUMMINS ENGINE INC COM 231021106 474 8,300 SH SOLE 8,300 CVS CORP COM 126650100 3,913 77,100 SH SOLE 77,100 CYPRUS AMAX MINERALS CO COM 232809103 275 18,000 SH SOLE 18,000 DANA CORP COM 235811106 1,510 32,791 SH SOLE 32,791 FAIR MARKET VALUE TOTAL: 294,648 DANAHER CORP COM 235851102 1,540 26,500 SH SOLE 26,500 DARDEN RESTAURANTS INC COM 237194105 593 27,200 SH SOLE 27,200 DATA GEN CORP COM 237688106 144 9,900 SH SOLE 9,900 DAYTON HUDSON CORP COM 239753106 5,668 87,200 SH SOLE 87,200 DEERE & CO COM 244199105 1,850 47,200 SH SOLE 47,200 DELL COMPUTER CORP COM 247025109 18,622 503,300 SH SOLE 503,300 DELPHI AUTOMOTIVE SYS CORP COM 247126105 2,069 111,817 SH SOLE 111,817 DELTA AIR LINES INC DEL COM 247361108 1,614 28,000 SH SOLE 28,000 DELUXE CORP COM 248019101 617 15,900 SH SOLE 15,900 DILLARDS INC CL A COM 254067101 741 21,100 SH SOLE 21,100 DISNEY WALT CO COM 254687106 12,528 406,580 SH SOLE 406,580 DOLLAR GEN CORP COM 256669102 1,269 43,775 SH SOLE 43,775 DOMINION RES INC VA COM 257470104 1,672 38,600 SH SOLE 38,600 DONNELLEY R R & SONS CO COM 257867101 986 26,600 SH SOLE 26,600 DOVER CORP COM 260003108 1,544 44,100 SH SOLE 44,100 DOW CHEM CO COM 260543103 5,559 43,816 SH SOLE 43,816 DOW JONES & CO INC COM 260561105 987 18,600 SH SOLE 18,600 DTE ENERGY CO COM 233331107 1,170 28,700 SH SOLE 28,700 DU PONT E I DE NEMOURS & CO COM 263534109 15,213 222,694 SH SOLE 222,694 DUKE ENERGY CORP COM 264399106 3,899 71,624 SH SOLE 71,624 DUN & BRADSTREET CORP DEL COM 26483B106 1,159 32,700 SH SOLE 32,700 EASTERN ENTERPRISES COM 27637F100 177 4,450 SH SOLE 4,450 EASTMAN CHEM CO COM 277432100 812 15,700 SH SOLE 15,700 EASTMAN KODAK CO COM 277461109 4,338 64,031 SH SOLE 64,031 EATON CORP COM 278058102 1,297 14,100 SH SOLE 14,100 ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 1,374 9,746 SH SOLE 9,746 ECOLAB INC COM 278865100 1,117 25,600 SH SOLE 25,600 EDISON INTL COM 281020107 1,867 69,800 SH SOLE 69,800 EG & G INC COM 268457108 314 8,800 SH SOLE 8,800 ELECTRONIC DATA SYS CORP NEW COM 285661104 5,521 97,500 SH SOLE 97,500 EMC CORP MASS COM 268648102 10,920 198,552 SH SOLE 198,552 EMERSON ELEC CO COM 291011104 5,444 86,500 SH SOLE 86,500 ENGELHARD CORP COM 292845104 561 24,800 SH SOLE 24,800 ENRON CORP COM 293561106 5,677 69,440 SH SOLE 69,440 FAIR MARKET VALUE TOTAL: 118,862 ENTERGY CORP NEW COM 29364G103 1,525 48,800 SH SOLE 48,800 EQUIFAX INC COM 294429105 1,042 29,200 SH SOLE 29,200 ETOYS, INC. COM 297862104 308,161 7,691,502 SH SOLE 7691502 EVANS & SUTHERLAND COMPUTER COM 299096107 29 2,258 SH SOLE 2,258 CORP. EXXON CORP COM 302290101 37,089 480,898 SH SOLE 480,898 FDX CORP COM COM 31304N107 3,176 58,540 SH SOLE 58,540 FEDERAL NATL MTG ASSN COM 313586109 13,998 205,100 SH SOLE 205,100 FEDERATED DEPT STORES INC DEL COM 31410H101 2,194 41,443 SH SOLE 41,443 FIFTH THIRD BANCORP COM 316773100 3,504 52,637 SH SOLE 52,637 FIRST DATA CORP COM 319963104 4,282 87,500 SH SOLE 87,500 FIRST UN CORP COM 337358105 9,232 195,915 SH SOLE 195,915 FIRSTAR CORP COM 33763V109 3,822 136,500 SH SOLE 136,500 FIRSTENERGY CORP COM 337932107 1,454 46,900 SH SOLE 46,900 FLEET FINL GROUP INC NEW COM 338915101 4,987 112,392 SH SOLE 112,392 FLEETWOOD ENTERPRISES INC COM 339099103 182 6,900 SH SOLE 6,900 FLUOR CORP COM 343861100 603 14,900 SH SOLE 14,900 FMC CORP NEW COM 302491303 444 6,500 SH SOLE 6,500 FORD MTR CO DEL COM 345370100 13,504 239,278 SH SOLE 239,278 FORT JAMES CORP COM 347471104 1,651 43,600 SH SOLE 43,600 FORTUNE BRANDS INC COM 349631101 1,398 33,790 SH SOLE 33,790 FOSTER WHEELER CORP COM 350244109 114 8,100 SH SOLE 8,100 FPL GROUP INC COM 302571104 1,952 35,735 SH SOLE 35,735 FRANKLIN RES INC COM 354613101 2,031 50,000 SH SOLE 50,000 FREDDIE MAC CORP COM 313400301 7,784 134,200 SH SOLE 134,200 FREEPORT MCMORAN COPPER B COM 35671D857 587 32,719 SH SOLE 32,719 FRONTIER CORP COM 35906P105 1,987 33,900 SH SOLE 33,900 FRUIT OF THE LOOM INC CL A COM G3682L105 139 14,300 SH SOLE 14,300 GANNETT INC COM 364730101 3,976 55,700 SH SOLE 55,700 GAP INC COM 364760108 8,518 169,100 SH SOLE 169,100 GATEWAY INC COM 367626108 1,825 30,900 SH SOLE 30,900 GENERAL DYNAMICS CORP COM 369550108 1,729 25,100 SH SOLE 25,100 GENERAL ELEC CO COM 369604103 73,239 648,132 SH SOLE 648,132 GENERAL INSTR CORP DEL COM 370120107 1,409 33,152 SH SOLE 33,152 GENERAL MLS INC COM 370334104 2,435 30,300 SH SOLE 30,300 FAIR MARKET VALUE TOTAL: 520,002 GENERAL MTRS CORP COM 370442105 8,547 129,496 SH SOLE 129,496 GENUINE PARTS CO COM 372460105 1,246 35,600 SH SOLE 35,600 GEORGIA PAC CORP COM 373298108 1,649 34,800 SH SOLE 34,800 GILLETTE CO COM 375766102 8,995 219,400 SH SOLE 219,400 GOLDEN WEST FINL CORP DEL COM 381317106 1,107 11,300 SH SOLE 11,300 GOODRICH B F CO COM 382388106 625 14,700 SH SOLE 14,700 GOODYEAR TIRE & RUBR CO COM 382550101 1,811 30,800 SH SOLE 30,800 GPU INC COM 36225X100 1,067 25,300 SH SOLE 25,300 GRACE WR & CO DEL NEW COM 38388F108 276 14,500 SH SOLE 14,500 GRAINGER W W INC COM 384802104 1,012 18,800 SH SOLE 18,800 GREAT ATLANTIC & PAC TEA INC COM 390064103 257 7,600 SH SOLE 7,600 GREAT LAKES CHEM CORP COM 390568103 539 11,700 SH SOLE 11,700 GTE CORP COM 362320103 14,416 190,934 SH SOLE 190,934 GUIDANT CORP COM 401698105 3,047 59,600 SH SOLE 59,600 HALLIBURTON CO COM 406216101 3,934 86,950 SH SOLE 86,950 HARCOURT GEN INC COM 41163G101 722 14,000 SH SOLE 14,000 HARRAHS ENTMT INC COM 413619107 550 24,950 SH SOLE 24,950 HARRIS CORP DEL COM 413875105 611 15,600 SH SOLE 15,600 HARTFORD FINL SVCS GROUP INC COM 416515104 2,690 46,136 SH SOLE 46,136 HASBRO INC COM 418056107 1,085 38,850 SH SOLE 38,850 HCR MANOR CARE INC COM 404134108 530 21,900 SH SOLE 21,900 HEALTHSOUTH CORP COM 421924101 1,245 83,700 SH SOLE 83,700 HEINZ H J CO COM 423074103 3,589 71,600 SH SOLE 71,600 HELMERICH & PAYNE INC COM 423452101 232 9,800 SH SOLE 9,800 HERCULES INC COM 427056106 782 19,900 SH SOLE 19,900 HERSHEY FOODS CORP COM 427866108 1,680 28,300 SH SOLE 28,300 HEWLETT PACKARD CO COM 428236103 20,177 200,770 SH SOLE 200,770 HILTON HOTELS CORP COM 432848109 732 51,600 SH SOLE 51,600 HOLLYWOOD ENTERTAINMENT CORP COM 436141105 8,696 463,774 SH SOLE 463,774 HOME DEPOT INC COM 437076102 18,790 291,600 SH SOLE 291,600 HOMESTAKE MNG CO COM 437614100 421 51,403 SH SOLE 51,403 HONEYWELL INC COM COM 438506107 2,885 24,900 SH SOLE 24,900 HOUSEHOLD INTL INC COM 441815107 4,522 95,448 SH SOLE 95,448 HUMANA INC COM 444859102 428 33,100 SH SOLE 33,100 FAIR MARKET VALUE TOTAL: 118,895 HUNTINGTON BANCSHARES INC COM 446150104 1,460 41,700 SH SOLE 41,700 IBM CORP COM 459200101 47,180 365,028 SH SOLE 365,028 IKON OFFICE SOLUTIONS INC COM 451713101 438 29,200 SH SOLE 29,200 ILLINOIS TOOL WKS INC COM 452308109 4,047 49,500 SH SOLE 49,500 IMS HEALTH INC COM 449934108 1,969 63,000 SH SOLE 63,000 INCO LTD COM 453258402 644 35,800 SH SOLE 35,800 INFORMIX CORP. COM 456779107 25 3,648 SH SOLE 3,648 INGERSOLL RAND CO COM 456866102 2,104 32,550 SH SOLE 32,550 INKTOMI CORPORATION COM 457277101 84,860 794,945 SH SOLE 794,945 INTEL CORP CALIF COM 458140100 12,459 209,400 SH SOLE 209,400 INTERNATIONAL PAPER CO COM 460146103 4,074 81,077 SH SOLE 81,077 INTERPUBLIC GROUP COS INC COM 460690100 2,378 27,450 SH SOLE 27,450 INTL FLAVORS & FRAGRANCES INC COM 459506101 924 21,000 SH SOLE 21,000 ISOCOR COM 464902105 2,297 375,000 SH SOLE 375,000 ITT INDS INC IND COM 450911102 686 17,985 SH SOLE 17,985 IVILLAGE, INC. COM 46588H105 19,336 474,513 SH SOLE 474513 JEFFERSON PILOT CORP COM 475070108 1,385 20,925 SH SOLE 20,925 JOHNSON & JOHNSON COM 478160104 26,064 265,957 SH SOLE 265,957 JOHNSON CTLS INC COM 478366107 1,164 16,800 SH SOLE 16,800 JOSTENS INC COM 481088102 147 7,000 SH SOLE 7,000 JUNO ONLINE SERVICES INC. COM 482048105 20,375 779,899 SH SOLE 779,899 K MART CORP COM 482584109 1,609 97,524 SH SOLE 97,524 KANSAS CITY SOUTHN INDS INC COM 485170104 1,385 21,700 SH SOLE 21,700 KAUFMAN & BROAD HOME CORP COM 486168107 236 9,474 SH SOLE 9,474 KELLOGG CO COM 487836108 2,647 80,198 SH SOLE 80,198 KERR MCGEE CORP COM 492386107 855 17,039 SH SOLE 17,039 KEYCORP NEW COM 493267108 2,891 89,998 SH SOLE 89,998 KIMBERLY CLARK CORP COM 494368103 6,110 107,200 SH SOLE 107,200 KING WORLD PRODTNS INC COM 495667107 491 14,100 SH SOLE 14,100 KLA TENCOR CORP COM 482480100 1,129 17,400 SH SOLE 17,400 KNIGHT RIDDER INC COM 499040103 853 15,500 SH SOLE 15,500 KOHLS CORP COM 500255104 2,406 31,300 SH SOLE 31,300 KROGER CO COM 501044101 4,548 162,800 SH SOLE 162,800 LAIDLAW INC COM 50730K503 482 65,300 SH SOLE 65,300 FAIR MARKET VALUE TOTAL: 259,658 LAUNCH MEDIA, INC. COM 518567102 12,045 892,225 SH SOLE 892,225 LEHMAN BROS HLDGS INC COM 524908100 1,398 22,500 SH SOLE 22,500 LILLY ELI & CO COM 532457108 15,576 217,470 SH SOLE 217,470 LIMITED INC COM 532716107 1,896 41,780 SH SOLE 41,780 LINCOLN NATL CORP IND COM 534187109 2,093 40,000 SH SOLE 40,000 LIZ CLAIBORNE INC COM 539320101 467 12,800 SH SOLE 12,800 LOCKHEED MARTIN CORP COM 539830109 2,891 77,600 SH SOLE 77,600 LOEWS CORP COM 540424108 1,780 22,500 SH SOLE 22,500 LONGS DRUG STORES CORP COM 543162101 266 7,700 SH SOLE 7,700 LOUISIANA PAC CORP COM 546347105 513 21,500 SH SOLE 21,500 LOWES COS INC COM 548661107 4,161 73,400 SH SOLE 73,400 LSI LOGIC CORP COM 502161102 1,289 27,940 SH SOLE 27,940 LUCENT TECHNOLOGIES INC COM 549463107 40,030 593,585 SH SOLE 593,585 MADGE NETWORKS, INC. ORD N5424G106 137 38,448 SH SOLE 38,448 MALLINCKRODT INC NEW COM 561232109 513 14,100 SH SOLE 14,100 MARRIOTT INTL INC NEW CL A COM 571903202 1,795 48,034 SH SOLE 48,034 MARSH & MCLENNAN COS INC COM 571748102 3,852 50,900 SH SOLE 50,900 MASCO CORP COM 574599106 1,938 67,100 SH SOLE 67,100 MATTEL INC COM 577081102 2,154 82,441 SH SOLE 82,441 MAY DEPT STORES CO COM 577778103 2,833 69,300 SH SOLE 69,300 MAYTAG CORP COM 578592107 1,241 17,773 SH SOLE 17,773 MBIA INC COM 55262C100 1,269 19,600 SH SOLE 19,600 MBNA CORP COM 55262L100 4,855 158,543 SH SOLE 158,543 MCDERMOTT INTL INC COM 580037109 331 11,700 SH SOLE 11,700 MCDONALDS CORP COM 580135101 11,006 267,624 SH SOLE 267,624 MCGRAW HILL COS INC COM 580645109 2,099 38,916 SH SOLE 38,916 MCI WORLDCOM INC COM 55268B106 31,211 362,654 SH SOLE 362,654 MCKESSON HBOC INC COM 58155Q103 1,765 54,825 SH SOLE 54,825 MEAD CORP COM 582834107 839 20,100 SH SOLE 20,100 MEDIAONE GROUP INC COM 58440J104 8,925 120,000 SH SOLE 120,000 MEDTRONIC INC COM 585055106 8,995 115,500 SH SOLE 115,500 MELLON BK CORP COM 585509102 3,756 103,260 SH SOLE 103,260 MERCANTILE BANCORPORATION INC COM 587342106 1,777 31,100 SH SOLE 31,100 FAIR MARKET VALUE TOTAL: 175,696 MERCK & CO INC COM 589331107 34,692 471,192 SH SOLE 471,192 MEREDITH CORP COM 589433101 357 10,300 SH SOLE 10,300 MERRILL LYNCH & CO INC COM 590188108 5,578 70,160 SH SOLE 70,160 MGIC INVT CORP WIS COM 552848103 1,055 21,700 SH SOLE 21,700 MICRON TECHNOLOGY INC COM 595112103 1,985 49,000 SH SOLE 49,000 MICROSOFT CORP COM 594918104 90,928 1,008,216 SH SOLE 1,008,216 MICROSOFT CORP PFD A CV 594918203 100 1,251,957 SH SOLE 1,251,957 EXCH MICROTEST, INC. COM 594941106 110 44,074 SH SOLE 44,074 MILACRON INC COM 598709103 141 7,600 SH SOLE 7,600 MILLIPORE CORP COM 601073109 353 8,700 SH SOLE 8,700 MINNESOTA MNG & MFG CO COM 604059105 6,912 79,500 SH SOLE 79,500 MIRAGE RESORTS INC COM 60462E104 652 38,900 SH SOLE 38,900 MOBIL CORP COM 607059102 15,227 154,200 SH SOLE 154,200 MODACAD, INC. COM 60749P104 4,524 455,218 SH SOLE 455,218 MONSANTO CO COM 611662107 4,903 123,943 SH SOLE 123,943 MORGAN J P & CO INC COM 616880100 4,861 34,600 SH SOLE 34,600 MORGAN STANLEY DEAN WTTER & CO COM 617446448 11,725 114,251 SH SOLE 114,251 MORTON INTL INC IND NEW COM 619335102 38 900 SH SOLE 900 MOTOROLA INC COM 620076109 11,250 118,735 SH SOLE 118,735 MPATH INTERACTIVE, INC. COM 62473C101 24,518 1,114,461 SH SOLE 1114461 MRV COMMUNICATIONS, INC. COM 553477100 2,450 200,000 SH SOLE 200,000 NABISCO GROUP HLDG CORP COM 62952P102 1,260 64,400 SH SOLE 64,400 NACCO INDS INC CL A COM 629579103 121 1,649 SH SOLE 1,649 NALCO CHEM CO COM 629853102 674 13,000 SH SOLE 13,000 NATIONAL CITY CORP COM 635405103 4,226 64,513 SH SOLE 64,513 NATIONAL SEMICONDUCTOR CORP COM 637640103 835 33,000 SH SOLE 33,000 NATIONAL SVC INDS INC COM 637657107 292 8,100 SH SOLE 8,100 NAVISTAR INTL CORP NEW COM 63934E108 653 13,060 SH SOLE 13,060 NETWORK COMPUTING DEVICES, INC. COM 64120N100 3,750 750,000 SH SOLE 750,000 NEW CENTURY ENERGIES INC COM 64352U103 877 22,600 SH SOLE 22,600 NEW YORK TIMES CO CL A COM 650111107 1,329 36,100 SH SOLE 36,100 NEWELL RUBBERMAID INC COM 651229106 2,578 55,582 SH SOLE 55,582 NEWMONT MNG CORP COM 651639106 657 33,052 SH SOLE 33,052 FAIR MARKET VALUE TOTAL: 239,611 NEXTEL COMMUNICATIONS INC CL A COM 65332V103 2,856 56,900 SH SOLE 56,900 NIAGARA MOHAWK HLDGS INC COM 653520106 596 37,100 SH SOLE 37,100 NICOR INC COM 654086107 358 9,400 SH SOLE 9,400 NIKE INC CL B COM 654106103 3,543 55,900 SH SOLE 55,900 NORDSTROM INC WASH COM 655664100 941 28,100 SH SOLE 28,100 NORFOLK SOUTHN CORP COM 655844108 2,260 75,024 SH SOLE 75,024 NORTEL NETWORKS CORP COM 656569100 11,397 131,284 SH SOLE 131,284 NORTHERN STS PWR CO MINN COM 665772109 730 30,200 SH SOLE 30,200 NORTHERN TR CORP COM 665859104 2,134 22,000 SH SOLE 22,000 NORTHPOINT COMMUNICATIONS GROUP, COM 666610100 43,484 1,275,423 SH SOLE 1,275,423 INC. NORTHROP GRUMMAN CORP COM 666807102 903 13,619 SH SOLE 13,619 NOVELL INC COM 670006105 1,769 66,751 SH SOLE 66,751 NUCOR CORP COM 670346105 821 17,300 SH SOLE 17,300 OBJECT DESIGN, INC. COM 674416102 576 142,857 SH SOLE 142,857 OCCIDENTAL PETE CORP COM 674599105 1,445 68,400 SH SOLE 68,400 OMNICOM GROUP INC COM 681919106 2,672 33,400 SH SOLE 33,400 ONEOK INC NEW COM 682680103 197 6,200 SH SOLE 6,200 OPEN MARKET, INC. COM 68370M100 4,450 335,852 SH SOLE 335,852 ORACLE CORPORATION COM 68389X105 10,571 284,750 SH SOLE 284,750 OWENS CORNING COM 69073F103 368 10,700 SH SOLE 10,700 OWENS ILL INC NEW COM 690768403 1,004 30,700 SH SOLE 30,700 P P & L RESOURCES INC COM 693499105 919 29,900 SH SOLE 29,900 PACCAR INC COM 693718108 827 15,500 SH SOLE 15,500 PACIFICORP COM 695114108 1,080 58,800 SH SOLE 58,800 PAINE WEBBER GROUP INC COM 695629105 1,332 28,500 SH SOLE 28,500 PALL CORP COM 696429307 546 24,600 SH SOLE 24,600 PARAMETRIC TECHNOLOGY CORP COM 699173100 734 52,900 SH SOLE 52,900 PARKER HANNIFIN CORP COM 701094104 984 21,500 SH SOLE 21,500 PAYCHEX INC COM 704326107 1,546 48,500 SH SOLE 48,500 PE CORP COM PE BIOSYS GROUP COM 69332S102 1,136 9,900 SH SOLE 9,900 PECO ENERGY CO COM 693304107 1,855 44,300 SH SOLE 44,300 PENNEY J C INC COM 708160106 2,533 52,150 SH SOLE 52,150 PEOPLES ENERGY CORP ILL COM 711030106 264 7,000 SH SOLE 7,000 PEOPLESOFT INC COM 712713106 795 46,100 SH SOLE 46,100 FAIR MARKET VALUE TOTAL: 107,626 PEP BOYS MANNY MOE & JACK COM 713278109 218 10,400 SH SOLE 10,400 PEPSICO INC COM 713448108 11,227 290,202 SH SOLE 290,202 PFIZER INC COM 717081103 27,980 256,700 SH SOLE 256,700 PG&E CORP COM 69331C108 2,454 75,652 SH SOLE 75,652 PHARMACIA & UPJOHN INC COM 716941109 5,711 100,529 SH SOLE 100,529 PHELPS DODGE CORP COM 717265102 711 11,475 SH SOLE 11,475 PHILIP MORRIS COS INC COM 718154107 19,351 481,510 SH SOLE 481,510 PHILLIPS PETE CO COM 718507106 2,536 50,400 SH SOLE 50,400 PHOENIX TECHNOLOGIES LTD. COM 719153108 13,704 894,971 SH SOLE 894,971 PIONEER HI BRED INTL COM 723686101 1,846 47,400 SH SOLE 47,400 PITNEY BOWES INC COM 724479100 3,463 53,900 SH SOLE 53,900 PLACER DOME INC COM 725906101 758 64,500 SH SOLE 64,500 PNC BK CORP COM 693475105 3,429 59,500 SH SOLE 59,500 POLAROID CORP COM 731095105 239 8,700 SH SOLE 8,700 POTLATCH CORP COM 737628107 250 5,700 SH SOLE 5,700 PPG INDS INC COM 693506107 2,055 34,802 SH SOLE 34,802 PRAXAIR INC COM 74005P104 1,529 31,247 SH SOLE 31,247 PROCTER & GAMBLE CO COM 742718109 23,436 262,590 SH SOLE 262,590 PROGRESSIVE CORP OHIO COM 743315103 2,074 14,300 SH SOLE 14,300 PROVIDENT COS INC COM 743862104 1,068 26,700 SH SOLE 26,700 PROVIDIAN FINL CORP COM 74406A102 2,616 28,050 SH SOLE 28,050 PROXIM, INC. COM 744284100 15,160 320,000 SH SOLE 320,000 PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,800 44,100 SH SOLE 44,100 PULTTE CORP COM 745867101 196 8,500 SH SOLE 8,500 PUMA TECHNOLOGY, INC. COM 745887109 667 125,488 SH SOLE 125,488 QUAKER OATS CO COM 747402105 1,785 26,900 SH SOLE 26,900 RADISYS CORPORATION COM 750459109 39,144 1,186,167 SH SOLE 1,186,167 RALSTON PURINA CO-RALSTON COM 751277302 1,975 64,900 SH SOLE 64,900 RAYCHEM CORP COM 754603108 566 15,300 SH SOLE 15,300 RAYTHEON CO CL B COM 755111408 4,699 66,656 SH SOLE 66,656 REEBOK INTL LTD COM 758110100 209 11,200 SH SOLE 11,200 REGIONS FINL CORP COM 758940100 1,680 43,700 SH SOLE 43,700 RELIANT ENERGY INC COM 75952J108 1,553 56,222 SH SOLE 56,222 REPUBLIC N Y CORP COM 760719104 1,446 21,200 SH SOLE 21,200 FAIR MARKET VALUE TOTAL: 197,535 REYNOLDS METALS CO COM 761763101 749 12,700 SH SOLE 12,700 REYNOLDS RJ TOB HLDGS INC COM 76182K105 679 21,400 SH SOLE 21,400 RITE AID CORP COM 767754104 1,261 51,200 SH SOLE 51,200 ROCKWELL INTL CORP NEW COM 773903109 2,278 37,500 SH SOLE 37,500 ROHM & HAAS CO COM 775371107 1,702 39,701 SH SOLE 39,701 ROWAN COS INC COM 779382100 303 16,600 SH SOLE 16,600 ROYAL DUTCH PETE CO N Y COM 780257804 25,554 424,140 SH SOLE 424,140 RUSSELL CORP COM 782352108 138 7,100 SH SOLE 7,100 RYDER SYS INC COM 783549108 366 14,200 SH SOLE 14,200 SAFECO CORP COM 786429100 1,187 26,900 SH SOLE 26,900 SAFEWAY INC NEW COM 786514208 4,762 96,200 SH SOLE 96,200 SARA LEE CORP COM 803111103 4,093 180,400 SH SOLE 180,400 SBC COMMUNICATIONS INC COM 78387G103 22,441 386,912 SH SOLE 386,912 SCHERING PLOUGH CORP COM 806605101 15,259 290,640 SH SOLE 290,640 SCHLUMBERGER LTD COM 806857108 6,878 108,000 SH SOLE 108,000 SCHWAB CHARLES CORP NEW COM 808513105 8,638 79,250 SH SOLE 79,250 SCIENTIFIC ATLANTA INC COM 808655104 536 14,900 SH SOLE 14,900 SCM MICROSYSTEMS INC. COM 784018103 8,132 174,650 SH SOLE 174,650 SEAGATE TECHNOLOGY COM 811804103 1,235 48,200 SH SOLE 48,200 SEAGRAM LTD COM 811850106 3,975 78,900 SH SOLE 78,900 SEALED AIR CORP NEW COM 81211K100 1,069 16,476 SH SOLE 16,476 SEARS ROEBUCK & CO COM 812387108 3,378 75,800 SH SOLE 75,800 SEMPRA ENERGY COM 816851109 1,075 47,512 SH SOLE 47,512 SERVICE CORP INTL COM 817565104 1,041 54,100 SH SOLE 54,100 SHARED MED SYS CORP COM 819486101 346 5,300 SH SOLE 5,300 SHERWIN WILLIAMS CO COM 824348106 944 34,000 SH SOLE 34,000 SIGMA ALDRICH CORP COM 826552101 685 19,900 SH SOLE 19,900 SILICON GRAPHICS INC COM 827056102 608 37,100 SH SOLE 37,100 SILICON VALLEY GROUP, INC. COM 827066101 7,565 498,100 SH SOLE 498,100 SILKNET SOFTWARE, INC. COM 827094103 36,019 571,736 SH SOLE 571,736 SLM HLDG CORP COM 78442A109 1,503 32,800 SH SOLE 32,800 SNAP ON INC COM 833034101 470 13,000 SH SOLE 13,000 SOLECTRON CORP COM 834182107 3,314 49,700 SH SOLE 49,700 SONAT INC COM 835415100 722 21,800 SH SOLE 21,800 FAIR MARKET VALUE TOTAL: 168,905 SOUTHERN CO COM 842587107 3,654 137,900 SH SOLE 137,900 SOUTHTRUST CORP COM 844730101 1,255 32,700 SH SOLE 32,700 SOUTHWEST AIRLS CO COM 844741108 2,072 66,562 SH SOLE 66,562 SPORTSLINE USA, INC. COM 848934105 3,456 101,643 SH SOLE 101,643 SPRINGS INDS INC CL A 851783100 155 3,550 SH SOLE 3,550 SPRINT CORP (FON GROUP) COM FON 852061100 9,369 176,780 SH SOLE 176,780 GROUP SPRINT CORP PCS COM 852061506 4,956 86,945 SH SOLE 86,945 SER 1 ST JUDE MED INC COM 790849103 593 16,632 SH SOLE 16,632 ST PAUL COS INC COM 792860108 1,485 46,674 SH SOLE 46,674 STANDARD MICROSYSTEMS CORP. COM 853626109 11,762 1,542,506 SH SOLE 1,542,506 STANLEY WKS COM 854616109 565 17,540 SH SOLE 17,540 STAPLES INC COM 855030102 2,820 91,150 SH SOLE 91,150 STARMEDIA NETWORK, INC. COM 855546107 97,917 1,958,333 SH SOLE 1,958,333 STATE STREET CORP COM 857477103 2,706 31,700 SH SOLE 31,700 SUMMIT BANCORP COM 866005101 1,434 34,300 SH SOLE 34,300 SUN MICROSYSTEMS, INC. COM 866810104 10,766 156,543 SH SOLE 156,543 SUNOCO INC COM 86764P109 560 18,545 SH SOLE 18,545 SUNTRUST BKS INC COM 867914103 4,399 63,350 SH SOLE 63,350 SUPERVALU INC COM 868536103 613 23,700 SH SOLE 23,700 SYNOVUS FINL CORP COM 87161C105 1,050 52,850 SH SOLE 52,850 SYSCO CORP COM 871829107 1,962 65,800 SH SOLE 65,800 SYSTEMSOFT CORP. COM 871926101 814 2,004,292 SH SOLE 2,004,292 TANDY CORP COM 875382103 1,911 39,100 SH SOLE 39,100 TEKTRONIX INC COM 879131100 280 9,267 SH SOLE 9,267 TELLABS INC COM 879664100 5,189 76,800 SH SOLE 76,800 TEMPLE INLAND INC COM 879868107 755 11,000 SH SOLE 11,000 TENET HEALTHCARE CORP COM 88033G100 1,139 61,374 SH SOLE 61,374 TENNECO INC NEW COM 88037E101 805 33,700 SH SOLE 33,700 TEXACO INC COM 881694103 6,593 105,700 SH SOLE 105,700 TEXAS INSTRS INC COM 882508104 11,102 77,100 SH SOLE 77,100 TEXAS UTILS CO COM 882848104 2,315 55,865 SH SOLE 55,865 FAIR MARKET VALUE TOTAL: 194,452 TEXTRON INC COM 883203101 2,576 31,300 SH SOLE 31,300 THERMO ELECTRON CORP COM 883556102 630 31,400 SH SOLE 31,400 THOMAS & BETTS CORP COM 884315102 529 11,200 SH SOLE 11,200 TIME WARNER INC COM 887315109 17,621 242,634 SH SOLE 242,634 TIMES MIRROR CO NEW COM SER A 887364107 846 14,271 SH SOLE 14,271 TIMKEN CO COM 887389104 240 12,300 SH SOLE 12,300 TJX COS INC NEW COM 872540109 2,129 63,900 SH SOLE 63,900 TORCHMARK CORP COM 891027104 945 27,700 SH SOLE 27,700 TOYS R US INC COM 892335100 1,026 49,600 SH SOLE 49,600 TRANSAMERICA CORP COM 893485102 1,853 24,700 SH SOLE 24,700 TRIBUNE CO NEW COM 896047107 2,047 23,500 SH SOLE 23,500 TRICON GLOBAL RESTAURANTS INC COM 895953107 1,631 30,140 SH SOLE 30,140 TRW INC COM 872649108 1,301 23,700 SH SOLE 23,700 TUPPERWARE CORP COM 899896104 289 11,350 SH SOLE 11,350 TUT SYSTEMS, INC. COM 901103101 3,333 83,334 SH SOLE 83,334 TYCO INTL LTD NEW COM 902124106 15,295 161,420 SH SOLE 161,420 U S BANCORP DEL COM 902973106 4,810 144,121 SH SOLE 144,121 U S WEST INC NEW COM 91273H101 5,845 99,483 SH SOLE 99,483 UNICOM CORP COM 904911104 1,658 43,000 SH SOLE 43,000 UNILEVER N V N Y SHS 904784709 7,887 113,076 SH SOLE 113,076 NEW UNION CARBIDE CORP COM 905581104 1,280 26,265 SH SOLE 26,265 UNION PAC CORP COM 907818108 2,851 48,900 SH SOLE 48,900 UNION PAC RES GROUP INC COM 907834105 810 49,678 SH SOLE 49,678 UNION PLANTERS CORP TENN COM 908068109 1,216 27,200 SH SOLE 27,200 UNISYS CORP COM 909214108 2,005 51,500 SH SOLE 51,500 UNITED HEALTHCARE CORP COM 910581107 2,304 36,785 SH SOLE 36,785 UNITED TECHNOLOGIES CORP COM 913017109 6,430 89,300 SH SOLE 89,300 UNOCAL CORP COM 915289102 1,890 47,700 SH SOLE 47,700 UNUM CORP COM 903192102 1,500 27,400 SH SOLE 27,400 US AIRWAYS GROUP INC COM 911905107 754 17,300 SH SOLE 17,300 UST INC COM 902911106 1,079 36,819 SH SOLE 36,819 USWEB CORPORATION COM 917327108 12,011 587,699 SH SOLE 587,699 FAIR MARKET VALUE TOTAL: 106,621 USX MARATHON GROUP NEW COM 902905827 1,980 60,800 SH SOLE 60,800 USX U S STL GROUP COM 90337T101 473 17,500 SH SOLE 17,500 V F CORP COM 918204108 1,013 23,700 SH SOLE 23,700 VIACOM INC CL B 925524308 6,054 137,600 SH SOLE 137,600 VIDEOSERVER, INC. COM 926918103 1,803 194,900 SH SOLE 194,900 VODAFONE GROUP PLC SPONS ADR COM 92857T107 11,148 56,587 SH SOLE 56,587 VOXWARE, INC. COM 92906L105 547 500,000 SH SOLE 500,000 VTEL CORP. COM 918333105 7,528 1,672,846 SH SOLE 1,672,846 WACHOVIA CORP NEW COM 929771103 3,431 40,100 SH SOLE 40,100 WAL MART STORES INC COM 931142103 42,437 879,514 SH SOLE 879,514 WALGREEN CO COM 931422109 5,802 197,500 SH SOLE 197,500 WARNER LAMBERT CO COM 934488107 11,233 162,500 SH SOLE 162,500 WASHINGTON MUTUAL INC COM 939322103 4,173 117,341 SH SOLE 117,341 WASTE MGMT INC DEL COM 94106L109 6,362 118,358 SH SOLE 118,358 WATSON PHARMACEUTICALS INC COM 942683103 659 18,800 SH SOLE 18,800 WAVO CORPORATION COM 943567107 3,094 500,000 SH SOLE 500,000 WELLPOINT HEALTH NETWORK INC COM 94973H108 1,146 13,500 SH SOLE 13,500 WELLS FARGO & CO NEW COM 949746101 13,900 325,150 SH SOLE 325,150 WENDYS INTL INC COM 950590109 701 24,585 SH SOLE 24,585 WESTVACO CORP COM 961548104 576 19,850 SH SOLE 19,850 WEYERHAEUSER CO COM 962166104 2,706 39,353 SH SOLE 39,353 WHIRLPOOL CORP COM 963320106 1,110 15,000 SH SOLE 15,000 WILLAMETTE INDS INC COM 969133107 1,009 21,900 SH SOLE 21,900 WILLIAMS COS INC COM 969457100 3,600 84,592 SH SOLE 84,592 WINN DIXIE STORES INC COM 974280109 1,086 29,400 SH SOLE 29,400 WORTHINGTON INDS INC COM 981811102 301 18,300 SH SOLE 18,300 WRIGLEY WM JR CO COM 982526105 2,051 23,000 SH SOLE 23,000 XEROX CORP COM 984121103 7,660 129,700 SH SOLE 129,700 XIRCOM, INC. COM 983922105 71,875 2,516,405 SH SOLE 2,516,405 YAHOO, INC. COM 984332106 97,132 563,903 SH SOLE 563,903 FAIR MARKET VALUE TOTAL: 312,590 FAIR MARKET VALUE GRAND TOTAL: 3,916,517