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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED JUNE 30, 1999
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(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
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IF AMENDED REPORT CHECK HERE: |_|
ALLSTATE LIFE INSURANCE COMPANY
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NAME OF INSTITUTIONAL INVESTMENT MANAGER
3075 SANDERS ROAD SUITE G4A NORTHBROOK ILLINOIS 60062-7127
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BUSINESS ADDRESS (STREET) (CITY) (STATE) (ZIP)
JOSEPH A. HAAS (847)402-7581 ASSISTANT VICE PRESIDENT, INVESTMENT OPERATIONS
- --------------------------------------------------------------------------------
NAME, PHONE NO., AND TITLE OF PERSON DULY AUTHORIZED TO SUBMIT THIS REPORT.
- ------------------------------------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 SUBMITTING THIS FORM AND ITS
ATTACHMENTS AND THE PERSON BY WHOM IT IS SIGNED REPRESENT HEREBY THAT ALL
INFORMATION CONTAINED THEREIN IS TRUE, CORRECT AND COMPLETE. IT IS UNDERSTOOD
THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
PURSUANT TO THE REQUIREMENTS OF SECURITIES EXCHANGE ACT OF 1934, THE
UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS REPORT TO BE SIGNED
ON ITS BEHALF IN ON THE THE 6 DAY OF AUGUST, 1999.
ALLSTATE LIFE INSURANCE COMPANY
------------------------------------------
(NAME OF INSTITUTIONAL INVESTMENT MANAGER)
/S/ JOSEPH A. HAAS
------------------------------------------
(MANUAL SIGNATURE OF PERSON DULY
AUTHORIZED TO SUBMIT THIS REPORT)
NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT
TO WHICH THIS SCHEDULE IS FILED (OTHER THAN THE ONE FILING THIS REPORT): (LIST
IN ALPHABETICAL ORDER).
13F FILE NUMBERS WILL BE ASSIGNED TO INSTITUTIONAL INVESTMENT MANAGERS AFTER
THEY FILE THEIR FIRST REPORT.
NAME: 13F FILE NO.:
- -------------------------------------------------------------- ---------------
1. ALLSTATE INSURANCE COMPANY 28-35
- -------------------------------------------------------------- ---------------
2.
- -------------------------------------------------------------- ---------------
3.
- -------------------------------------------------------------- ---------------
4.
- -------------------------------------------------------------- ---------------
5.
- -------------------------------------------------------------- ---------------
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY
- ------------------------------------------------------------------------------------------------------------------------------------
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
A D C TELECOM COMMON STOCK 000886101 715,331.25 15,700.00 X 1 X
ABBOTT LABS COMMON STOCK 002824100 1,255,800.00 27,600.00 X 1 X
AIRTOUCH COMM 4.25% SERIE REDEEMABLE P/S 00949T308 26,975,121.88 182,650.00 X 1 X
ALLIANT TECHSYSTEMS COMMON STOCK 018804104 216,250.00 2,500.00 X 1 X
ALLIED-SIGNAL COMMON STOCK 019512102 699,300.00 11,100.00 X 1 X
ALLTEL COMMON STOCK 020039103 328,900.00 4,600.00 X 1 X
ALTERA COMMON STOCK 021441100 485,925.00 13,200.00 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 216,562.50 3,500.00 X 1 X
AMBERCROMBIE & FITCH CL A COMMON STOCK 002896207 249,600.00 5,200.00 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 2,232,100.00 20,200.00 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 1,027,987.50 7,900.00 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 1,719,250.00 29,900.00 X 1 X
AMERICAN INTL COMMON STOCK 026874107 2,468,731.11 21,089.00 X 1 X
AMERICAN POWER CONVERSION COMMON STOCK 029066107 197,225.00 9,800.00 X 1 X
AMERICAN STANDARD COMPANI COMMON STOCK 029712106 969,600.00 20,200.00 X 1 X
AMERITECH NEW COMMON STOCK 030954101 1,006,950.00 13,700.00 X 1 X
AMGEN COMMON STOCK 031162100 499,175.00 8,200.00 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 461,775.19 9,201.00 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 291,768.75 6,300.00 X 1 X
ARVIN INDUSTRIES COMMON STOCK 043339100 446,925.00 11,800.00 X 1 X
ASSOCIATED BANC-CORP COMMON STOCK 045487105 240,700.00 5,800.00 X 1 X
ASSOCIATES FIRST CAPITAL COMMON STOCK 046008108 944,210.76 21,308.00 X 1 X
AT & T COMMON STOCK 001957109 3,138,895.89 56,240.02 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 384,387.50 4,600.00 X 1 X
ATMEL CORP COMMON STOCK 049513104 366,625.00 14,000.00 X 1 X
AVON PRODUCTS COMMON STOCK 054303102 477,300.00 8,600.00 X 1 X
BAKER HUGHES COMMON STOCK 057224107 2,375,150.00 70,900.00 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 2,225,181.01 30,352.00 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 968,550.00 26,400.00 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 1,710,278.23 28,714.01 X 1 X
BARRETT RES COMMON STOCK 068480201 828,900.00 21,600.00 X 1 X
BAXTER INTL COMMON STOCK 071813109 345,562.50 5,700.00 X 1 X
BECTON DICKINSON COMMON STOCK 075887109 204,000.00 6,800.00 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 1,771,008.75 27,090.00 X 1 X
BELLSOUTH COMMON STOCK 079860102 1,298,437.50 27,700.00 X 1 X
BESTFOODS INC COMMON STOCK 08658U101 495,000.00 10,000.00 X 1 X
BIOGEN COMMON STOCK 090597105 270,112.50 4,200.00 X 1 X
BJ SERVICES COMMON STOCK 055482103 506,325.00 17,200.00 X 1 X
BOEING COMMON STOCK 097023105 857,237.50 19,400.00 X 1 X
BOISE CASCADE COMMON STOCK 097383103 360,150.00 8,400.00 X 1 X
BORG-WARNER AUTOMOTIVE IN COMMON STOCK 099724106 726,000.00 13,200.00 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 2,902,025.00 41,200.00 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 307,075.00 7,100.00 X 1 X
CABLETRON COMMON STOCK 126920107 132,600.00 10,200.00 X 1 X
CADENCE DESIGNS SYS INC COMMON STOCK 127387108 141,525.00 11,100.00 X 1 X
CAPITAL ONE FINANCIAL COMMON STOCK 14040H105 723,937.50 13,000.00 X 1 X
CARLISLE COMMON STOCK 142339100 250,250.00 5,200.00 X 1 X
CARNIVAL CRUISE LINES COMMON STOCK 143658102 276,450.00 5,700.00 X 1 X
CATERPILLAR COMMON STOCK 149123101 228,000.00 3,800.00 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 751,468.75 17,300.00 X 1 X
CENDANT COPORATION COMMON STOCK 151313103 254,200.00 12,400.00 X 1 X
CENTOCOR COMMON STOCK 152342101 298,400.00 6,400.00 X 1 X
CENTURYTEL INC COMMON STOCK 156700106 221,606.25 5,575.00 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 1,871,100.00 21,600.00 X 1 X
CHEVRON COMMON STOCK 166751107 1,151,768.75 12,100.00 X 1 X
CIRCUIT CITY STORES COMMON STOCK 172737108 530,100.00 5,700.00 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 4,136,887.55 64,200.00 X 1 X
CITIGROUP INC COMMON STOCK 172967101 3,012,687.50 63,425.00 X 1 X
CITIZENS UTILITIES 5.0% C REDEEMABLE P/S 177351202 4,934,221.88 101,475.00 X 1 X
CNF TRUST I 5% SERIES A C REDEEMABLE P/S 12612V205 3,113,312.50 54,500.00 X 1 X
COASTAL COMMON STOCK 190441105 536,000.00 13,400.00 X 1 X
COCA-COLA COMMON STOCK 191216100 2,068,750.01 33,100.00 X 1 X
COCA-COLA ENTERPRISES COMMON STOCK 191219104 312,375.00 10,500.00 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 513,500.00 5,200.00 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 326,218.75 14,300.00 X 1 X
COMERICA COMMON STOCK 200340107 213,975.00 3,600.00 X 1 X
COMPUTER SCIENCES COMMON STOCK 205363104 221,400.00 3,200.00 X 1 X
COMPUWARE COMMON STOCK 205638109 356,300.00 11,200.00 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 739,900.00 9,800.00 X 1 X
CONCORD EFS INC COMMON STOCK 206197105 803,937.50 19,000.00 X 1 X
CORNING COMMON STOCK 219350105 266,475.00 3,800.00 X 1 X
COSTO COMPANIES INC COMMON STOCK 22160Q102 272,212.50 3,400.00 X 1 X
CRANE COMMON STOCK 224399105 600,456.25 19,100.00 X 1 X
CROWN CORK & SEAL CONVERT NON-REDEEM P/S 228255303 4,944,225.00 184,400.00 X 1 X
CVS CORP COMMON STOCK 126650100 294,350.00 5,800.00 X 1 X
DAYTON-HUDSON COMMON STOCK 239753106 312,000.00 4,800.00 X 1 X
DELL COMPUTER COMMON STOCK 247025109 1,350,500.00 36,500.00 X 1 X
DELPHI AUTOMOTIVE SYSTEMS COMMON STOCK 247126105 215,106.34 11,588.22 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 1,146,225.00 37,200.00 X 1 X
DOLLAR GENERAL COMMON STOCK 256669102 203,725.00 7,025.00 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 532,875.00 4,200.00 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 1,140,818.75 16,700.00 X 1 X
E M C COMMON STOCK 268648102 1,133,000.00 20,600.00 X 1 X
E TRADE GROUP INC COMMON STOCK 269246104 403,368.75 10,100.00 X 1 X
EASTMAN KODAK COMMON STOCK 277461109 325,200.00 4,800.00 X 1 X
EATON COMMON STOCK 278058102 266,800.00 2,900.00 X 1 X
ECOLAB COMMON STOCK 278865100 226,850.00 5,200.00 X 1 X
EL PASO ENERGY CAPITAL TR NON-REDEEM P/S 283678209 3,217,500.00 65,000.00 X 1 X
EL PASO ENERGY CORP DELAW COMMON STOCK 283905107 330,762.50 9,400.00 X 1 X
EMERSON ELEC COMMON STOCK 291011104 515,575.02 8,200.00 X 1 X
ENGELHARD COMMON STOCK 292845104 210,412.50 9,300.00 X 1 X
ENRON COMMON STOCK 293561106 18,737,100.00 229,200.00 X 1 X
ETHAN ALLEN INTERIORS COMMON STOCK 297602104 324,650.00 8,600.00 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 3,937,500.00 100,000.00 X 1 X
EXXON COMMON STOCK 302290101 3,046,437.48 39,500.00 X 1 X
F M C COMMON STOCK 302491303 232,262.50 3,400.00 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 1,169,212.49 17,100.00 X 1 X
FEDERATED DEPARTMENT STOR COMMON STOCK 31410H101 587,606.25 11,100.00 X 1 X
FINOVA FINANCE 5.5% CONVE REDEEMABLE P/S 31808E207 2,787,500.00 40,000.00 X 1 X
FIRST DATA COMMON STOCK 319963104 357,243.75 7,300.00 X 1 X
FIRST TENNESSEE NATIONAL COMMON STOCK 337162101 118,768.75 3,100.00 X 1 X
FIRST UNION COMMON STOCK 337358105 695,600.00 14,800.00 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 481,600.00 17,200.00 X 1 X
FISERV INC. COMMON STOCK 337738108 477,515.64 15,250.00 X 1 X
FLEET/NORSTAR FINANCIAL COMMON STOCK 338915101 532,500.00 12,000.00 X 1 X
FORD MOTOR COMMON STOCK 345370100 660,318.74 11,700.00 X 1 X
FOUNDATION HEALTH SYSTEMS COMMON STOCK 350404109 738,000.00 49,200.00 X 1 X
FREDDIE MAC COMMON STOCK 313400301 1,038,200.00 17,900.00 X 1 X
FREMONT GENERAL CORP COMMON STOCK 357288109 205,737.50 10,900.00 X 1 X
FULLER (H.B.) COMMON STOCK 359694106 307,687.50 4,500.00 X 1 X
G T E COMMON STOCK 362320103 1,325,625.01 17,500.00 X 1 X
GANNETT COMMON STOCK 364730101 349,737.50 4,900.00 X 1 X
GAP STORES COMMON STOCK 364760108 498,712.50 9,900.00 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 5,661,300.00 50,100.00 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 726,000.00 11,000.00 X 1 X
GENERAL MOTORS CL H COMMON STOCK 370442832 292,500.00 5,200.00 X 1 X
GEORGIA-PACIFIC COMMON STOCK 373298108 293,725.00 6,200.00 X 1 X
GILLETTE COMMON STOCK 375766102 393,600.00 9,600.00 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 373,587.50 24,200.00 X 1 X
GUIDANT COMMON STOCK 401698105 437,218.75 8,500.00 X 1 X
HALLIBURTON COMMON STOCK 406216101 407,250.00 9,000.00 X 1 X
HARCOURT GENERAL COMMON STOCK 41163G101 293,906.25 5,700.00 X 1 X
HARSCO COMMON STOCK 415864107 332,800.00 10,400.00 X 1 X
HARTFORD LIFE - CL A COMMON STOCK 416592103 478,887.50 9,100.00 X 1 X
HEINZ COMMON STOCK 423074103 273,181.25 5,450.00 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 1,829,100.00 18,200.00 X 1 X
HIBERNIA COMMON STOCK 428656102 630,637.50 40,200.00 X 1 X
HOLLYWOOD ENT. CORP COMMON STOCK 436141105 199,537.50 10,200.00 X 1 X
HOME DEPOT COMMON STOCK 437076102 1,482,062.53 23,000.00 X 1 X
HOUSTON INDS INC. 7% CONV NON-REDEEM P/S 442161204 12,282,750.00 103,000.00 X 1 X
HUNTINGTON BANCSHARES COMMON STOCK 446150104 336,000.00 9,600.00 X 1 X
HUSSMANN INTERNATIONAL IN COMMON STOCK 448110106 170,593.75 10,300.00 X 1 X
ILLINOIS TOOL WORKS COMMON STOCK 452308109 237,800.00 2,900.00 X 1 X
INGERSOLL-RAND COMMON STOCK 456866102 277,887.50 4,300.00 X 1 X
INTEL COMMON STOCK 458140100 3,355,800.01 56,400.00 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 259,875.00 3,000.00 X 1 X
INTIMATE BRANDS COMMON STOCK 461156101 253,693.13 5,355.00 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 4,782,250.00 37,000.00 X 1 X
IVAX CORP COMMON STOCK 465823102 286,737.50 20,300.00 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 2,489,199.99 25,400.00 X 1 X
JOSTENS COMMON STOCK 481088102 252,750.00 12,000.00 X 1 X
KANSAS CITY SOUTHERN INDU COMMON STOCK 485170104 223,343.75 3,500.00 X 1 X
KEYCORP COMMON STOCK 493267108 430,475.00 13,400.00 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 775,200.00 13,600.00 X 1 X
KNIGHT-RIDDER COMMON STOCK 499040103 543,881.25 9,900.00 X 1 X
KROGER COMMON STOCK 501044101 458,175.00 16,400.00 X 1 X
L S I LOGIC COMMON STOCK 502161102 747,225.00 16,200.00 X 1 X
LEAR SEATING CORP COMMON STOCK 521865105 422,875.00 8,500.00 X 1 X
LEHMAN BROS HOLDING COMMON STOCK 524908100 329,925.00 5,300.00 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 1,453,375.00 22,000.00 X 1 X
LILLY (ELI) COMMON STOCK 532457108 1,482,637.50 20,700.00 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 1,009,631.25 19,300.00 X 1 X
LINEAR TECH COMMON STOCK 535678106 363,150.00 5,400.00 X 1 X
LOCKHEED MARTIN COMMON STOCK 539830109 882,825.00 23,700.00 X 1 X
LOWE'S COMMON STOCK 548661107 317,450.00 5,600.00 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 4,101,683.62 60,822.00 X 1 X
M. A. HANNA COMMON STOCK 410522106 323,818.75 19,700.00 X 1 X
MATTEL COMMON STOCK 577081102 385,987.50 14,600.00 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 312,550.00 4,700.00 X 1 X
MAYTAG COMMON STOCK 578592107 285,718.75 4,100.00 X 1 X
MBNA CORP COMMON STOCK 55262L100 370,562.50 12,100.00 X 1 X
MCDONALD'S COMMON STOCK 580135101 1,251,768.75 30,300.00 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 2,663,720.45 30,951.00 X 1 X
MEAD COMMON STOCK 582834107 271,375.00 6,500.00 X 1 X
MEDIAONE REDEEMABLE P/S 58440J203 3,745,312.50 25,000.00 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 304,937.50 4,100.00 X 1 X
MEDTRONICS COMMON STOCK 585055106 887,775.00 11,400.00 X 1 X
MENS WEARHOUSE COMMON STOCK 587118100 413,100.00 16,200.00 X 1 X
MERCK COMMON STOCK 589331107 3,611,200.00 48,800.00 X 1 X
MEREDITH COMMON STOCK 589433101 522,837.50 15,100.00 X 1 X
MERITOR AUTOMOTIVE INC COMMON STOCK 59000G100 441,150.00 17,300.00 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 855,331.25 10,700.00 X 1 X
MGIC INVESTMENT COMMON STOCK 552848103 272,300.00 5,600.00 X 1 X
MICROCHIP TECHNOLOGY INC COMMON STOCK 595017104 274,775.00 5,800.00 X 1 X
MICROSOFT COMMON STOCK 594918104 8,621,925.00 95,600.00 X 1 X
MICROSOFT CORP. $2.196 CO NON-REDEEM P/S 594918203 8,744,531.25 87,500.00 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 226,037.50 2,600.00 X 1 X
MOBIL COMMON STOCK 607059102 1,831,500.00 18,500.00 X 1 X
MOLEX COMMON STOCK 608554101 218,300.00 5,900.00 X 1 X
MONSANTO COMMON STOCK 611662107 268,175.00 6,800.00 X 1 X
MORGAN (J.P.) COMMON STOCK 616880100 379,350.00 2,700.00 X 1 X
MORGAN STANLEY DEAN WITTE COMMON STOCK 617446448 1,240,250.00 12,100.00 X 1 X
MOTOROLA COMMON STOCK 620076109 1,876,050.01 19,800.00 X 1 X
MYLAN LABS COMMON STOCK 628530107 665,150.00 25,100.00 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 581,612.50 23,800.00 X 1 X
NATIONAL AUSTRALIA BANK 7 NON-REDEEM P/S 632525309 3,037,500.00 100,000.00 X 1 X
NATIONAL CITY COMMON STOCK 635405103 373,350.00 5,700.00 X 1 X
NAVISTAR INTL COMMON STOCK 63934E108 340,000.00 6,800.00 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 316,587.50 8,600.00 X 1 X
NEWBRIDGE NETWORK COMMON FOREIGN 650901101 830,875.00 28,900.00 X 1 X
NIAGARA MOHAWK HOLDINGS I COMMON STOCK 653520106 160,625.00 10,000.00 X 1 X
NIKE CL B COMMON STOCK 654106103 227,925.00 3,600.00 X 1 X
NOBLE AFFILIATES COMMON STOCK 654894104 679,318.75 24,100.00 X 1 X
NORTEL NETWORKS CORP COMMON FOREIGN 656569100 746,587.50 8,600.00 X 1 X
OCCIDENTAL PETROLEUM CONV NON-REDEEM P/S 674599790 2,896,875.00 50,000.00 X 1 X
OGDEN COMMON STOCK 676346109 336,718.75 12,500.00 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 889,143.75 23,950.00 X 1 X
OWENS-ILLINOIS COMMON STOCK 690768403 317,068.75 9,700.00 X 1 X
PENTAIR COMMON STOCK 709631105 370,575.00 8,100.00 X 1 X
PEPSI BOTTLING GROUP COMMON STOCK 713409100 262,912.50 11,400.00 X 1 X
PEPSICO COMMON STOCK 713448108 1,698,381.25 43,900.00 X 1 X
PERKIN-ELMER COMMON STOCK 69332S102 22,950.00 200.00 X 1 X
PFIZER COMMON STOCK 717081103 6,980,100.00 63,600.00 X 1 X
PFIZER COMMON STOCK 717081103 2,326,700.00 21,200.00 X 1 X
PHELPS DODGE COMMON STOCK 717265102 247,750.00 4,000.00 X 1 X
PREMARK INTL COMMON STOCK 740459102 603,750.00 16,100.00 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 2,534,700.00 28,400.00 X 1 X
PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 701,250.00 7,500.00 X 1 X
QUAKER OATS COMMON STOCK 747402105 325,237.50 4,900.00 X 1 X
QUALCOM COMMON STOCK 747525103 731,850.00 5,100.00 X 1 X
QUANTUM COMMON STOCK 747906105 130,275.00 5,400.00 X 1 X
R & B FALCON CORP COMMON STOCK 74912E101 262,500.00 28,000.00 X 1 X
RADIAN GROUP INC COMMON STOCK 750236101 507,650.00 10,400.00 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 222,193.75 7,300.00 X 1 X
RAYONIER COMMON STOCK 754907103 49,812.50 1,000.00 X 1 X
RAYTHEON COMMON STOCK 755111408 330,762.50 4,700.00 X 1 X
READERS DIGEST COMMON STOCK 755267101 329,925.00 8,300.00 X 1 X
REYNOLDS METALS COMMON STOCK 761763101 1,162,300.00 19,700.00 X 1 X
ROHM & HAAS COMMON STOCK 775371107 233,561.99 5,447.51 X 1 X
ROUSE CO $3 CONVERTIBLE S NON-REDEEM P/S 779273309 3,306,300.00 82,400.00 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 780257804 2,518,449.99 41,800.00 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 1,808,787.99 31,186.00 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 1,425,700.00 26,900.00 X 1 X
SCHLUMBERGER COMMON STOCK 806857108 655,981.25 10,300.00 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 1,384,425.00 12,600.00 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 490,712.50 7,400.00 X 1 X
SMURFIT-STONE CONTAINER C COMMON STOCK 832727101 261,143.75 12,700.00 X 1 X
SNYDER COMMUNICATIONS INC COMMON STOCK 832914105 284,925.00 8,700.00 X 1 X
SONOCO PRODUCTS COMMON STOCK 835495102 407,150.00 13,600.00 X 1 X
SOUTHTRUST COMMON STOCK 844730101 307,000.00 8,000.00 X 1 X
SPRINT COMMON STOCK 852061100 823,875.00 15,600.00 X 1 X
SPRINT CONV NON-REDEEM P/S 852061407 8,700,000.00 100,000.00 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 357,031.25 6,250.00 X 1 X
SPX CORP. COMMON STOCK 784635104 359,050.00 4,300.00 X 1 X
ST JUDE MEDICAL COMMON STOCK 790849103 491,625.00 13,800.00 X 1 X
ST. PAUL COMMON STOCK 792860108 343,575.00 10,800.00 X 1 X
STARBUCKS, CORP COMMON STOCK 855244109 364,356.25 9,700.00 X 1 X
STRYKER COMMON STOCK 863667101 216,450.00 3,600.00 X 1 X
SUMMIT BANCORP COMMON STOCK 866005101 288,506.25 6,900.00 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 817,684.00 11,872.00 X 1 X
SUNTRUST BANKS COMMON STOCK 867914103 513,837.50 7,400.00 X 1 X
SYBRON CORP COMMON STOCK 87114F106 429,975.00 15,600.00 X 1 X
TELLABS COMMON STOCK 879664100 304,031.25 4,500.00 X 1 X
TERADYNE COMMON STOCK 880770102 243,950.00 3,400.00 X 1 X
TEXACO COMMON STOCK 881694103 818,750.00 13,100.00 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 1,058,500.00 7,300.00 X 1 X
TEXTRON COMMON STOCK 883203101 452,718.74 5,500.00 X 1 X
THE PMI GROUP COMMON STOCK 69344M101 163,312.50 2,600.00 X 1 X
TIME WARNER COMMON STOCK 887315109 1,506,750.00 20,500.00 X 1 X
TIMES MIRROR COMMON STOCK 887364107 237,000.00 4,000.00 X 1 X
TJX COMMON STOCK 872540109 389,756.25 11,700.00 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 2,427,968.75 25,625.00 X 1 X
UNILEVER N.V. COMMON FOREIGN 904784709 559,743.66 8,025.00 X 1 X
UNION PACIFIC COMMON STOCK 907818108 501,487.50 8,600.00 X 1 X
UNION PACIFIC RESOURCES G COMMON STOCK 907834105 163,125.00 10,000.00 X 1 X
UNION PLANTERS COMMON STOCK 908068109 232,375.00 5,200.00 X 1 X
UNITED TECH COMMON STOCK 913017109 473,137.50 6,600.00 X 1 X
UNUM COMMON STOCK 903192102 262,800.00 4,800.00 X 1 X
US BANCORP COMMON STOCK 902973106 275,400.00 8,100.00 X 1 X
VALASSIS COMMUNICATION COMMON STOCK 918866104 216,087.50 5,900.00 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 284,812.50 3,000.00 X 1 X
VIACOM -CL B COMMON STOCK 925524308 343,195.60 7,799.90 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 269,750.00 4,000.00 X 1 X
WAL-MART STORES COMMON STOCK 931142103 3,575,325.00 74,100.00 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 1,186,312.50 17,100.00 X 1 X
WASTE MANAGEMENT INC COMMON STOCK 94106L109 553,625.00 10,300.00 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 1,278,225.00 29,900.00 X 1 X
WENDYS FINANCING SERIES A REDEEMABLE P/S 950588202 2,268,750.00 37,500.00 X 1 X
WENDY'S INTL COMMON STOCK 950590109 263,306.25 9,300.00 X 1 X
XEROX COMMON STOCK 984121103 549,281.25 9,300.00 X 1 X
XILINX, INC. COMMON STOCK 983919101 486,625.00 8,500.00 X 1 X
YORK INTERNATIONAL COMMON STOCK 986670107 655,031.25 15,300.00 X 1 X
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ALZA CORP CONV DEBT 022615AD0 19,320,000.00 14,000,000.00 X 1 X
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ATHENA NEUROSCIENCES INC DEBT 046854AA3 5,512,500.00 5,250,000.00 X 1 X
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HILTON HOTELS CORP CONV DEBT 432848AL3 9,476,000.00 10,300,000.00 X 1 X
HOME DEPOT INC CONV DEBT 437076AE2 44,043,000.00 15,900,000.00 X 1 X
INCO LTD CONV DEBT 453258AH8 3,631,500.00 4,035,000.00 X 1 X
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MAGNA INTL INC CONV DEBT 559222AF1 6,762,000.00 6,900,000.00 X 1 X
MAGNA INTL INC CONV DEBT 559222AG6 2,205,000.00 2,250,000.00 X 1 X
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NABORS INDS INC CONV DEBT 629568AA4 5,092,000.00 3,800,000.00 X 1 X
OFFICE DEPOT DEBT 676220AB2 4,920,000.00 6,000,000.00 X 1 X
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OMNICOM GROUP CONV DEBT 681919AC0 2,530,000.00 1,000,000.00 X 1 X
OMNICOM GROUP CONV DEBT 681919AE6 3,795,000.00 1,500,000.00 X 1 X
POTOMAC ELEC PWR CONV DEBT 737679BT6 4,557,000.00 4,650,000.00 X 1 X
ROBBINS & MYERS INC CONV DEBT 770196AA1 1,861,200.00 1,880,000.00 X 1 X
ST PAUL CAPITAL CONV DEBT 792856205 5,251,000.00 8,900,000.00 X 1 X
THERMO ELECTRON CORP CONV DEBT 883556AF9 7,425,000.00 8,250,000.00 X 1 X
THERMO INSTR INC CONV DEBT 883559AC0 4,450,000.00 5,000,000.00 X 1 X
THERMO INSTR INC CONV DEBT 883559AE6 2,075,000.00 2,500,000.00 X 1 X
THERMO OPTEK CORP CONV DEBT 883582AA6 1,044,450.00 1,055,000.00 X 1 X
THERMOQUEST CORP CONV DEBT 883655AA0 1,024,100.00 1,045,000.00 X 1 X
UNITED STATES CELLULAR DEBT 911684AA6 4,750,000.00 9,500,000.00 X 1 X
WMX TECHNOLOGIES INC CONV DEBT 92929QAF4 14,660,500.00 13,450,000.00 X 1 X
XEROX CREDIT CONV DEBT 984121BB8 0.00 3,750,000.00 X 1 X
XEROX CREDIT CORP NEW DEBT 984121AY9 3,150,000.00 5,000,000.00 X 1 X
