13F-HR 1 l86394ae13f-hr.txt TRW INVESTMENT MANAGEMENT COMPANY 13F-HR 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2000 Check here if Amendment [ ]; Amendment Number This Amendment: [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: TRW Investment Management Company Address: 1900 Richmond Road, Cleveland, Ohio 44124 Form 13F File Number: 28-201 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this 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. Person Signing this Report on Behalf of Reporting Manager: Reporting Manager: Name: Robert M. Hamje Title: Director and President Phone: (216) 291-7624 Signature, Place and Date of Signing: /s/ R. M. Hamje ----------------------------- Lyndhurst, Ohio ----------------------------- 02-09-2001 ----------------------------- Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. 2 FORM 13F SUMMARY PAGE REPORT SUMMARY: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 203 Form 13F Information Table Value Total: $809,159 (thousands) 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. No. 1 Form 13F File Number: 28-191 Name: TRW Inc. 3

FORM 13F INFORMATION TABLE --------------------------------------------------------------------------------------------------------------------------------~~---~~ Column 1 Column 2 Column 3 Column 4 Column 5 ~~Column 6 Column 7 Column 8~~ --------------------------------------------------------------------------------------------------------------------------------~~---~~ ~~Voting Authority ---------------------~~ Name of issuer Title of class CUSIP Value Shrs or prn amt SH/PRN Put/Call ~~Investment Other Sole Shared None~~ (x$1000) ~~prn amt Call discretion managers~~ --------------------------------------------------------------------------------------------------------------------------------~~----~~ AMR CORP COM ~~001765106~~1765106 $56,~~263~~309 161,000 SH ~~Defined 1 161,000~~ AT&T CORP COM ~~001957109~~1957109 $21,~~750~~830 93105,~~600~~700 SH ~~Defined 1 93,600~~ AT&T CORP COM LIB GRP A ~~001957208~~1957208 $1,~~962~~478 109,000 SH ~~Defined 1 109,000~~ AT&T CORP COM WIRLES GRP ~~001957406~~1957406 $1,~~983~~645 95,000 SH ~~Defined 1 95,000~~ AVX CORP NEW COM ~~002444107~~2444107 $~~834~~524 32,000 SH ~~Defined 1 32,000~~ ABBOTT LABS COM ~~002824100~~2824100 $5,~~755~~861 121,000 SH ~~Defined 1 121,000~~ ADOBE SYS INC COM 00724F101 $~~481 3~~1,~~100~~810 ~~SH Defined 1 3~~31,100 ~~ADVANCED MICRO DEVICES INC COM 007903107 $614 26,000~~ SH ~~Defined 1 26,000~~ AGILENT TECHNOLOGIES INC COM 00846U101 $1,~~082~~194 2221,~~100~~800 SH ~~Defined 1 22,100~~ ALCOA INC COM ~~013817101~~13817101 $1,~~468~~943 58,000 SH ~~Defined 1 58,000~~ ALLSTATE CORP COM ~~020002101~~20002101 $23,~~954~~703 85,000 SH ~~Defined 1 85,000~~ ALTERA CORP COM ~~021441100~~21441100 $~~2,006~~526 4220,000 SH ~~Defined 1 42,000~~ AMBAC FINL GROUP INC COM ~~023139108~~23139108 $1,~~172~~400 1624,000 SH ~~Defined 1 16,000~~ AMERADA HESS CORP COM ~~023551104~~23551104 $5,~~449~~860 8180,~~400~~200 SH ~~Defined 1 81,400~~ AMERICA ONLINE INC DEL COM 02364J104 $75,~~547~~860 ~~140~~168,400 SH ~~Defined 1 140,400~~ AMERICAN ~~EXPRESS~~GENERAL COCORP COM ~~025816109~~26351106 $~~547~~1,141 914,000 SH ~~Defined~~AMERICAN 1INTL 9GROUP INC COM 26874107 $6,~~000~~614 67,100 SH

FORM 13F INFORMATION TABLE ---------------------------------------------------------------------------------------------------------~~--------------------------~~ Column 1 Column ~~2 Column 3 Column 4 Column 5 Column~~ 6 Column 7 Column 8 --------------------------------------------------------------------------------------------------------- Voting Authority -------------------------- ~~Voting Authority~~ -------~~--------------~~ Name of issuer ~~Title of class CUSIP Value Shrs or SH/PRN Put/~~ Investment Other managers Sole Shared None ~~(x$1000) prn amt Call~~ discretion ~~managers~~ ---------------------------------------------------------------------------------------------------------~~---------------------------~~ ~~AMERICAN~~AMR ~~GENERAL~~ CORP ~~COM~~Defined ~~026351106 $~~1~~,092~~ 14161,000 SHAT&T CORP Defined 1 14105,~~000~~700 ~~AMERICAN~~AT&T ~~INTL~~CORP ~~GROUP~~Defined ~~INC~~1 ~~COM 026874107 $5~~109,~~359 56,~~000 SHAT&T CORP Defined 1 5695,000 ~~AMERISOURCE~~AVX ~~HEALTH~~ CORP CLNEW ~~A 03071P102 $226 4,800 SH~~ Defined 1 432,~~800~~000 ~~AMGEN~~ABBOTT ~~INC~~LABS ~~COM 031162100 $2,968 42,500 SH~~ Defined 1 42121,~~500~~000 ~~ANALOG~~ADOBE ~~DEVICES~~SYS INC ~~COM 032654105 $5,466 66,200 SH~~ Defined 1 6631,~~200~~100 ~~ANHEUSER~~AGILENT ~~BUSCH~~TECHNOLOGIES ~~COS~~ INC ~~COM 035229103 $12,660 299,200 SH~~ Defined 1 ~~299~~21,~~200~~800 ~~APPLIED~~ALCOA ~~MATLS~~ INC ~~COM 038222105 $2,408 40,600 SH~~ Defined 1 4058,~~600~~000 ~~APPLIED~~ALLSTATE ~~MICRO CIRCUITS~~ CORP ~~COM 03822W109 $2,692 13,000 SH~~ Defined 1 1385,000 ~~ARIBA~~ALTERA ~~INC~~CORP ~~COM 04033V104 $2,292 16,000 SH~~ Defined 1 1620,000 ~~ARMSTRONG~~AMBAC ~~HLDGS~~FINL ~~INC COM 042384107 $165 13,800 SH Defined 1 13,800 ART TECHNOLOGY~~ GROUP INC ~~COM 04289L107 $1,706 18,000 SH~~ Defined 1 1824,000 ~~ASHLAND~~AMERADA ~~INC~~HESS ~~COM~~CORP ~~044204105 $6,111 181,400 SH~~ Defined 1 ~~181~~80,~~400~~200 ~~AUTOMATIC~~AMERICA ~~DATA~~ONLINE ~~PROCESSING~~ INC ~~COM~~DEL ~~053015103 $15,756 235,600 SH~~ Defined 1 ~~235~~168,~~600~~400 ~~AVNET~~AMERICAN ~~INC~~GENERAL ~~COM~~CORP ~~053807103 $681 24,000 SH~~ Defined 1 2414,000 ~~BANK~~AMERICAN ~~OF AMERICA CORPORATION COM 060505104 $9,354 178,600 SH Defined 1 178,600 BAXTER~~ INTL ~~INC~~GROUP ~~COM 071813109 $1,038 13,000 SH Defined 1 13,000 BEA SYS~~ INC ~~COM 073325102 $5,436 69,800 SH~~ Defined 1 6967,~~800 BEAR STEARNS COS INC COM 073902108 $3,213 51,000 SH Defined 1 51,000 BELLSOUTH CORP COM 079860102 $10,187 253,~~100 ~~SH Defined 1 253,100~~

4 ANALOG DEVICES INC COM 32654105 $2,923 57,100 SH ANHEUSER BUSCH COS INC COM 35229103 $13,341 293,200 SH APPLERA CORP COM AP BIO GRP 38020103 $2,276 24,200 SH APPLIED MICRO CIRCUITS CORP COM 03822W109 $3,302 44,000 SH APPLIED MATLS INC COM 38222105 $1,405 36,800 SH ARIBA INC COM 04033V104 $1,046 19,500 SH ASHLAND INC COM 44204105 $6,510 181,400 SH AUTOMATIC DATA PROCESSING INC COM 53015103 $13,669 215,900 SH AVNET INC COM 53807103 $516 24,000 SH BANK OF AMERICA CORPORATION COM 60505104 $8,345 181,900 SH BEA SYS INC COM 73325102 $4,019 59,700 SH BEAR STEARNS COS INC COM 73902108 $2,585 51,000 SH BELLSOUTH CORP COM 79860102 $712 17,400 SH BIOMET INC COM 90613100 $1,984 50,000 SH BOEING CO COM 97023105 $8,448 128,000 SH BOISE CASCADE CORP COM 97383103 $605 18,000 SH BRISTOL MYERS SQUIBB CO COM 110122108 $10,632 143,800 SH BROADCOM CORP CL A 111320107 $1,546 18,400 SH BROADVISION INC COM 111412102 $354 30,000 SH

ANALOG DEVICES INC Defined 1 57,100 ANHEUSER BUSCH COS INC Defined 1 293,200 APPLERA CORP Defined 1 24,200 APPLIED MICRO CIRCUITS CORP Defined 1 44,000 APPLIED MATLS INC Defined 1 36,800 ARIBA INC Defined 1 19,500 ASHLAND INC Defined 1 181,400 AUTOMATIC DATA PROCESSING INC Defined 1 215,900 AVNET INC Defined 1 24,000 BANK OF AMERICA CORPORATION Defined 1 181,900 BEA SYS INC Defined 1 59,700 BEAR STEARNS COS INC Defined 1 51,000 BELLSOUTH CORP Defined 1 17,400 BIOMET INC Defined 1 50,000 BOEING CO Defined 1 128,000 BOISE CASCADE CORP Defined 1 18,000 BRISTOL MYERS SQUIBB CO Defined 1 143,800 BROADCOM CORP Defined 1 18,400 BROADVISION INC Defined 1 30,000

5 BROCADE COMMUNICATIONS SYS INC COM 111621108 $3,140 34,200 SH BURLINGTON RES INC COM 122014103 $5,252 104,000 SH CIGNA CORP COM 125509109 $9,684 73,200 SH CHEVRON CORPORATION COM 166751107 $6,502 77,000 SH CIENA CORP COM 171779101 $3,144 38,700 SH CISCO SYS INC COM 17275R102 $19,454 508,600 SH CITIGROUP INC COM 172967101 $19,674 385,300 SH CLEVELAND CLIFFS INC COM 185896107 $267 12,400 SH COCA COLA CO COM 191216100 $1,109 18,200 SH COLGATE PALMOLIVE CO COM 194162103 $949 14,700 SH COMERICA INC COM 200340107 $3,741 63,000 SH COMMERCE ONE INC DEL COM 200693109 $678 26,800 SH COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 $3,932 36,200 SH CONAGRA FOODS INC COM 205887102 $3,068 118,000 SH COOPER INDS INC COM 216669101 $4,226 92,000 SH COORS ADOLPH CO CL B 217016104 $2,682 33,400 SH CORNING INC COM 219350105 $6,818 129,100 SH CROMPTON CORP COM 227116100 $132 12,600 SH CROWN CORK & SEAL INC COM 228255105 $556 74,800 SH

BROCADE COMMUNICATIONS SYS INC Defined 1 34,200 BURLINGTON RES INC Defined 1 104,000 CIGNA CORP Defined 1 73,200 CHEVRON CORPORATION Defined 1 77,000 CIENA CORP Defined 1 38,700 CISCO SYS INC Defined 1 508,600 CITIGROUP INC Defined 1 385,300 CLEVELAND CLIFFS INC Defined 1 12,400 COCA COLA CO Defined 1 18,200 COLGATE PALMOLIVE CO Defined 1 14,700 COMERICA INC Defined 1 63,000 COMMERCE ONE INC DEL Defined 1 26,800 COMVERSE TECHNOLOGY INC Defined 1 36,200 CONAGRA FOODS INC Defined 1 118,000 COOPER INDS INC Defined 1 92,000 COORS ADOLPH CO Defined 1 33,400 CORNING INC Defined 1 129,100 CROMPTON CORP Defined 1 12,600 CROWN CORK & SEAL INC Defined 1 74,800

6 DTE ENERGY CO COM 233331107 $935 24,000 SH DARDEN RESTAURANTS INC COM 237194105 $1,267 55,400 SH DEERE & CO COM 244199105 $2,914 63,600 SH DELTA AIR LINES INC DEL COM 247361108 $547 10,900 SH DIME BANCORP INC NEW COM 25429Q102 $4,003 135,400 SH DISNEY WALT CO COM DISNEY 254687106 $6,060 209,400 SH DOVER CORP COM 260003108 $2,706 66,700 SH DOW CHEM CO COM 260543103 $1,978 54,000 SH DOW JONES & CO INC COM 260561105 $4,145 73,200 SH DYCOM INDS INC COM 267475101 $1,509 42,000 SH E M C CORP MASS COM 268648102 $10,866 163,400 SH ENTERGY CORP NEW COM 29364G103 $9,766 230,800 SH EXODUS COMMUNICATIONS INC COM 302088109 $380 19,000 SH EXXON MOBIL CORP COM 30231G102 $22,039 253,500 SH F M C CORP COM NEW 302491303 $3,656 51,000 SH FEDERAL NATL MTG ASSN COM 313586109 $10,063 116,000 SH FIFTH THIRD BANCORP COM 316773100 $3,681 61,600 SH FIRST DATA CORP COM 319963104 $8,161 154,900 SH FIRSTFED FINL CORP COM 337907109 $336 10,400 SH

DTE ENERGY CO Defined 1 24,000 DARDEN RESTAURANTS INC Defined 1 55,400 DEERE & CO Defined 1 63,600 DELTA AIR LINES INC DEL Defined 1 10,900 DIME BANCORP INC NEW Defined 1 135,400 DISNEY WALT CO Defined 1 209,400 DOVER CORP Defined 1 66,700 DOW CHEM CO Defined 1 54,000 DOW JONES & CO INC Defined 1 73,200 DYCOM INDS INC Defined 1 42,000 E M C CORP MASS Defined 1 163,400 ENTERGY CORP NEW Defined 1 230,800 EXODUS COMMUNICATIONS INC Defined 1 19,000 EXXON MOBIL CORP Defined 1 253,500 F M C CORP Defined 1 51,000 FEDERAL NATL MTG ASSN Defined 1 116,000 FIFTH THIRD BANCORP Defined 1 61,600 FIRST DATA CORP Defined 1 154,900 FIRSTFED FINL CORP Defined 1 10,400

7 FIRSTENERGY CORP COM 337932107 $1,231 39,000 SH FLEETBOSTON FINL CORP COM 339030108 $8,808 234,500 SH FORD MTR CO DEL COM PAR $0.01 345370860 $1,172 50,000 SH FOREST LABS INC COM 345838106 $3,814 28,700 SH GPU INC COM 36225X100 $4,543 123,400 SH GENERAL ELEC CO COM 369604103 $27,804 580,000 SH GENERAL MTRS CORP COM 370442105 $7,977 156,600 SH GEORGIA PAC CORP COM GA PAC GRP 373298108 $3,797 122,000 SH GLATFELTER P H CO COM 377316104 $179 14,400 SH HCA HEALTHCARE CO COM 404119109 $5,497 124,900 SH HARCOURT GEN INC COM 41163G101 $7,121 124,500 SH HARTFORD FINL SVCS GROUP INC COM 416515104 $1,836 26,000 SH HEALTH NET INC COM 42222G108 $367 14,000 SH HEWLETT PACKARD CO COM 428236103 $4,138 131,100 SH HOME DEPOT INC COM 437076102 $2,632 57,600 SH INTEGRATED DEVICE TECHNOLOGY COM 458118106 $762 23,000 SH INTEL CORP COM 458140100 $11,965 398,000 SH INTERNATIONAL BUSINESS MACHS COM 459200101 $6,911 81,300 SH I2 TECHNOLOGIES INC COM 465754109 $2,365 43,500 SH

FIRSTENERGY CORP Defined 1 39,000 FLEETBOSTON FINL CORP Defined 1 234,500 FORD MTR CO DEL Defined 1 50,000 FOREST LABS INC Defined 1 28,700 GPU INC Defined 1 123,400 GENERAL ELEC CO Defined 1 580,000 GENERAL MTRS CORP Defined 1 156,600 GEORGIA PAC CORP Defined 1 122,000 GLATFELTER P H CO Defined 1 14,400 HCA HEALTHCARE CO Defined 1 124,900 HARCOURT GEN INC Defined 1 124,500 HARTFORD FINL SVCS GROUP INC Defined 1 26,000 HEALTH NET INC Defined 1 14,000 HEWLETT PACKARD CO Defined 1 131,100 HOME DEPOT INC Defined 1 57,600 INTEGRATED DEVICE TECHNOLOGY Defined 1 23,000 INTEL CORP Defined 1 398,000 INTERNATIONAL BUSINESS MACHS Defined 1 81,300 I2 TECHNOLOGIES INC Defined 1 43,500

8 IVAX CORP COM 465823102 $689 18,000 SH JDS UNIPHASE CORP COM 46612J101 $3,844 92,200 SH JOHNSON & JOHNSON COM 478160104 $9,697 92,300 SH JOHNSON CTLS INC COM 478366107 $1,508 29,000 SH JUNIPER NETWORKS INC COM 48203R104 $3,265 25,900 SH KAMAN CORP CL A 483548103 $297 17,600 SH KEEBLER FOODS CO COM 487256109 $829 20,000 SH KERR MCGEE CORP COM 492386107 $1,540 23,000 SH KNIGHT RIDDER INC COM 499040103 $3,725 65,500 SH KOHLS CORP COM 500255104 $2,776 45,500 SH KROGER CO COM 501044101 $1,921 71,000 SH LAFARGE CORP COM 505862102 $704 29,800 SH LEHMAN BROS HLDGS INC COM 524908100 $7,527 111,300 SH LILLY ELI & CO COM 532457108 $8,152 87,600 SH LINEAR TECHNOLOGY CORP COM 535678106 $1,531 33,100 SH LOEWS CORP COM 540424108 $5,613 54,200 SH MANDALAY RESORT GROUP COM 562567107 $1,316 60,000 SH MARRIOTT INTL INC NEW CL A 571903202 $4,267 101,000 SH MCCORMICK & CO INC COM NON VTG 579780206 $1,443 40,000 SH

IVAX CORP Defined 1 18,000 JDS UNIPHASE CORP Defined 1 92,200 JOHNSON & JOHNSON Defined 1 92,300 JOHNSON CTLS INC Defined 1 29,000 JUNIPER NETWORKS INC Defined 1 25,900 KAMAN CORP Defined 1 17,600 KEEBLER FOODS CO Defined 1 20,000 KERR MCGEE CORP Defined 1 23,000 KNIGHT RIDDER INC Defined 1 65,500 KOHLS CORP Defined 1 45,500 KROGER CO Defined 1 71,000 LAFARGE CORP Defined 1 29,800 LEHMAN BROS HLDGS INC Defined 1 111,300 LILLY ELI & CO Defined 1 87,600 LINEAR TECHNOLOGY CORP Defined 1 33,100 LOEWS CORP Defined 1 54,200 MANDALAY RESORT GROUP Defined 1 60,000 MARRIOTT INTL INC NEW Defined 1 101,000 MCCORMICK & CO INC Defined 1 40,000

9 MERCK & CO INC COM 589331107 $24,436 261,000 SH MERCURY INTERACTIVE CORP COM 589405109 $1,435 15,900 SH MERISTAR HOSPITALITY CORP COM 58984Y103 $197 10,000 SH MERRILL LYNCH & CO INC COM 590188108 $5,046 74,000 SH MICROSOFT CORP COM 594918104 $11,299 260,500 SH MICRON TECHNOLOGY INC COM 595112103 $1,207 34,000 SH MILLENNIUM PHARMACEUTICALS INC COM 599902103 $1,238 20,000 SH MILLENIUM CHEMICALS INC COM 599903101 $196 10,800 SH MONY GROUP INC COM 615337102 $979 19,800 SH MORGAN J P & CO INC COM 616880100 $4,965 30,000 SH NETWORK APPLIANCE INC COM 64120L104 $3,132 48,800 SH NEW YORK TIMES CO CL A 650111107 $453 11,300 SH NEWPORT CORP COM 651824104 $1,030 13,100 SH NEXTEL COMMUNICATIONS INC CL A 65332V103 $272 11,000 SH NORTHERN TR CORP COM 665859104 $1,223 15,000 SH NUCOR CORP COM 670346105 $2,024 51,000 SH OCCIDENTAL PETE CORP DEL COM 674599105 $3,686 152,000 SH OFFSHORE LOGISTICS INC COM 676255102 $297 13,800 SH ORACLE CORP COM 68389X105 $9,980 343,400 SH

MERCK & CO INC Defined 1 261,000 MERCURY INTERACTIVE CORP Defined 1 15,900 MERISTAR HOSPITALITY CORP Defined 1 10,000 MERRILL LYNCH & CO INC Defined 1 74,000 MICROSOFT CORP Defined 1 260,500 MICRON TECHNOLOGY INC Defined 1 34,000 MILLENNIUM PHARMACEUTICALS INC Defined 1 20,000 MILLENIUM CHEMICALS INC Defined 1 10,800 MONY GROUP INC Defined 1 19,800 MORGAN J P & CO INC Defined 1 30,000 NETWORK APPLIANCE INC Defined 1 48,800 NEW YORK TIMES CO Defined 1 11,300 NEWPORT CORP Defined 1 13,100 NEXTEL COMMUNICATIONS INC Defined 1 11,000 NORTHERN TR CORP Defined 1 15,000 NUCOR CORP Defined 1 51,000 OCCIDENTAL PETE CORP DEL Defined 1 152,000 OFFSHORE LOGISTICS INC Defined 1 13,800 ORACLE CORP Defined 1 343,400

10 PG&E CORP COM 69331C108 $500 25,000 SH PMC-SIERRA INC COM 69344F106 $2,524 32,100 SH PMI GROUP INC COM 69344M101 $3,919 57,900 SH PNC FINL SVCS GROUP INC COM 693475105 $1,900 26,000 SH PACCAR INC COM 693718108 $1,773 36,000 SH PALM INC COM 696642107 $963 34,000 SH PAYCHEX INC COM 704326107 $3,311 68,100 SH PENNEY J C INC COM 708160106 $218 20,000 SH PENNZOIL-QUAKER STATE COMPANY COM 709323109 $200 15,500 SH PEPSI BOTTLING GROUP INC COM 713409100 $3,115 78,000 SH PEPSICO INC COM 713448108 $11,503 232,100 SH PERKINELMER INC COM 714046109 $3,990 38,000 SH PFIZER INC COM 717081103 $13,096 284,700 SH PHILIP MORRIS COS INC COM 718154107 $4,180 95,000 SH PHILLIPS PETE CO COM 718507106 $3,413 60,000 SH PROCTER & GAMBLE CO COM 742718109 $2,588 33,000 SH PROVIDIAN FINL CORP COM 74406A102 $1,495 26,000 SH PUBLIC SVC CO N MEX COM 744499104 $287 10,700 SH PUBLIC SVC ENTERPRISE GROUP COM 744573106 $5,495 113,000 SH

PG&E CORP Defined 1 25,000 PMC-SIERRA INC Defined 1 32,100 PMI GROUP INC Defined 1 57,900 PNC FINL SVCS GROUP INC Defined 1 26,000 PACCAR INC Defined 1 36,000 PALM INC Defined 1 34,000 PAYCHEX INC Defined 1 68,100 PENNEY J C INC Defined 1 20,000 PENNZOIL-QUAKER STATE COMPANY Defined 1 15,500 PEPSI BOTTLING GROUP INC Defined 1 78,000 PEPSICO INC Defined 1 232,100 PERKINELMER INC Defined 1 38,000 PFIZER INC Defined 1 284,700 PHILIP MORRIS COS INC Defined 1 95,000 PHILLIPS PETE CO Defined 1 60,000 PROCTER & GAMBLE CO Defined 1 33,000 PROVIDIAN FINL CORP Defined 1 26,000 PUBLIC SVC CO N MEX Defined 1 10,700 PUBLIC SVC ENTERPRISE GROUP Defined 1 113,000

11 PULTE CORP COM 745867101 $2,734 64,800 SH QUAKER OATS CO COM 747402105 $4,353 44,700 SH QUALCOMM INC COM 747525103 $2,737 33,300 SH QWEST COMMUNICATIONS INTL INC COM 749121109 $2,255 55,000 SH READERS DIGEST ASSN INC CL A NON VTG 755267101 $1,565 40,000 SH REYNOLDS R J TOB HLDGS INC COM 76182K105 $6,971 143,000 SH ROBERT HALF INTL INC COM 770323103 $1,166 44,000 SH ROCKWELL INTL CORP NEW COM 773903109 $1,715 36,000 SH RUBY TUESDAY INC COM 781182100 $183 12,000 SH SBC COMMUNICATIONS INC COM 78387G103 $10,257 214,800 SH SDL INC COM 784076101 $2,252 15,200 SH SEI INVESTMENT CO COM 784117103 $1,859 16,600 SH SAFEWAY INC COM NEW 786514208 $4,813 77,000 SH SANMINA CORP COM 800907107 $1,862 24,300 SH SCHERING PLOUGH CORP COM 806605101 $4,852 85,500 SH SCIENTIFIC ATLANTA INC COM 808655104 $1,026 31,500 SH SEARS ROEBUCK & CO COM 812387108 $9,098 261,800 SH SIEBEL SYS INC COM 826170102 $3,841 56,800 SH SPRINT CORP PCS COM SER 1 852061506 $1,380 67,500 SH

PULTE CORP Defined 1 64,800 QUAKER OATS CO Defined 1 44,700 QUALCOMM INC Defined 1 33,300 QWEST COMMUNICATIONS INTL INC Defined 1 55,000 READERS DIGEST ASSN INC Defined 1 40,000 REYNOLDS R J TOB HLDGS INC Defined 1 143,000 ROBERT HALF INTL INC Defined 1 44,000 ROCKWELL INTL CORP NEW Defined 1 36,000 RUBY TUESDAY INC Defined 1 12,000 SBC COMMUNICATIONS INC Defined 1 214,800 SDL INC Defined 1 15,200 SEI INVESTMENT CO Defined 1 16,600 SAFEWAY INC Defined 1 77,000 SANMINA CORP Defined 1 24,300 SCHERING PLOUGH CORP Defined 1 85,500 SCIENTIFIC ATLANTA INC Defined 1 31,500 SEARS ROEBUCK & CO Defined 1 261,800 SIEBEL SYS INC Defined 1 56,800 SPRINT CORP Defined 1 67,500

12 STARWOOD HOTELS&RESORTS WRLDW PAIRED CTF 85590A203 $391 11,100 SH SUN MICROSYSTEMS INC COM 866810104 $7,632 273,800 SH SYCAMORE NETWORKS INC COM 871206108 $570 15,200 SH SYSCO CORP COM 871829107 $9,504 316,800 SH TXU CORP COM 873168108 $656 14,800 SH TALBOTS INC COM 874161102 $7,045 154,400 SH TEKTRONIX INC COM 879131100 $606 18,000 SH TEXACO INC COM 881694103 $2,050 33,000 SH TEXAS INSTRS INC COM 882508104 $3,852 81,300 SH TIFFANY & CO NEW COM 886547108 $1,360 43,000 SH TIME WARNER INC COM 887315109 $1,358 26,000 SH TOSCO CORP COM NEW 891490302 $984 29,000 SH TRANSWITCH CORP COM 894065101 $861 22,000 SH TRIGON HEALTHCARE INC COM 89618L100 $3,346 43,000 SH UAL CORP COM PAR $0.01 902549500 $2,005 51,500 SH USX MARATHON GROUP COM NEW 902905827 $3,080 111,000 SH U S G CORP COM NEW 903293405 $968 43,000 SH ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 $9,080 294,100 SH UNITED TECHNOLOGIES CORP COM 913017109 $6,526 83,000 SH

STARWOOD HOTELS&RESORTS WRLDW Defined 1 11,100 SUN MICROSYSTEMS INC Defined 1 273,800 SYCAMORE NETWORKS INC Defined 1 15,200 SYSCO CORP Defined 1 316,800 TXU CORP Defined 1 14,800 TALBOTS INC Defined 1 154,400 TEKTRONIX INC Defined 1 18,000 TEXACO INC Defined 1 33,000 TEXAS INSTRS INC Defined 1 81,300 TIFFANY & CO NEW Defined 1 43,000 TIME WARNER INC Defined 1 26,000 TOSCO CORP Defined 1 29,000 TRANSWITCH CORP Defined 1 22,000 TRIGON HEALTHCARE INC Defined 1 43,000 UAL CORP Defined 1 51,500 USX MARATHON GROUP Defined 1 111,000 U S G CORP Defined 1 43,000 ULTRAMAR DIAMOND SHAMROCK CORP Defined 1 294,100 UNITED TECHNOLOGIES CORP Defined 1 83,000

13 UNITEDHEALTH GROUP INC COM 91324P102 $12,017 195,800 SH UNIVERSAL HLTH SVCS INC CL B 913903100 $6,426 57,500 SH VALERO ENERGY CORP NEW COM 91913Y100 $1,264 34,000 SH VENATOR GROUP INC COM 922944103 $186 12,000 SH VERISIGN INC COM 92343E102 $1,016 13,700 SH VERIZON COMMUNICATIONS COM 92343V104 $14,266 284,600 SH VERITAS SOFTWARE CO COM 923436109 $3,981 45,500 SH VERTEX PHARMACEUTICALS INC COM 92532F100 $1,788 25,000 SH VISHAY INTERTECHNOLOGY INC COM 928298108 $790 52,200 SH VISTEON CORP COM 92839U107 $2,795 243,000 SH WAL MART STORES INC COM 931142103 $4,702 88,500 SH WASHINGTON MUT INC COM 939322103 $2,972 56,000 SH WELLS FARGO & CO NEW COM 949746101 $3,842 69,000 SH WESTVACO CORP COM 961548104 $359 12,300 SH WEYERHAEUSER CO COM 962166104 $1,929 38,000 SH XILINX INC COM 983919101 $969 21,000 SH

UNITEDHEALTH GROUP INC Defined 1 195,800 UNIVERSAL HLTH SVCS INC Defined 1 57,500 VALERO ENERGY CORP NEW Defined 1 34,000 VENATOR GROUP INC Defined 1 12,000 VERISIGN INC Defined 1 13,700 VERIZON COMMUNICATIONS Defined 1 284,600 VERITAS SOFTWARE CO Defined 1 45,500 VERTEX PHARMACEUTICALS INC Defined 1 25,000 VISHAY INTERTECHNOLOGY INC Defined 1 52,200 VISTEON CORP Defined 1 243,000 WAL MART STORES INC Defined 1 88,500 WASHINGTON MUT INC Defined 1 56,000 WELLS FARGO & CO NEW Defined 1 69,000 WESTVACO CORP Defined 1 12,300 WEYERHAEUSER CO Defined 1 38,000 XILINX INC Defined 1 21,000

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ BIOMET INC COM 090613100 $1,750 50,000 SH Defined 1 50,000 BOEING CO COM 097023105 $2,010 31,900 SH Defined 1 31,900 BOISE CASCADE CORP COM 097383103 $478 18,000 SH Defined 1 18,000 BRISTOL MYERS SQUIBB CO COM 110122108 $7,986 139,800 SH Defined 1 139,800 BROADCOM CORP CL A 111320107 $2,194 9,000 SH Defined 1 9,000 BROADVISION INC COM 111412102 $771 30,000 SH Defined 1 30,000 BROCADE COMMUNOCATIONS SYS INC COM 111621108 $4,980 21,100 SH Defined 1 21,100 BURLINGTON RES INC COM 122014103 $4,418 120,000 SH Defined 1 120,000 CIGNA CORP COM 125509109 $5,919 56,700 SH Defined 1 56,700 CARPENTER TECHNOLOGY CORP COM 144285103 $253 8,700 SH Defined 1 8,700 CHASE MANHATTAN CORP NEW COM 16161A108 $277 6,000 SH Defined 1 6,000 CHEVRON CORPORATION COM 166751107 $6,820 80,000 SH Defined 1 80,000 CIENA CORP COM 171779101 $7,000 57,000 SH Defined 1 57,000 CISCO SYS INC COM 17275R102 $22,083 399,700 SH Defined 1 399,700 CITIGROUP INC COM 172967101 $20,832 385,332 SH Defined 1 385,332 CLEVELAND CLIFFS INC COM 185896107 $224 9,800 SH Defined 1 9,800 COCA COLA CO COM 191216100 $937 17,000 SH Defined 1 17,000 COMERICA INC COM 200340107 $3,284 56,200 SH Defined 1 56,200 COMMERCE ONE INC DEL COM 200693109 $1,099 14,000 SH Defined 1 14,000

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 $3,586 33,200 SH Defined 1 33,200 CONAGRA INC COM 205887102 $2,367 118,000 SH Defined 1 118,000 COOPER INDS INC COM 216669101 $3,243 92,000 SH Defined 1 92,000 COORS ADOLPH CO CL B 217016104 $2,123 33,600 SH Defined 1 33,600 CORNING INC COM 219350105 $11,553 38,900 SH Defined 1 38,900 CROMPTON CORP COM 227116100 $99 12,600 SH Defined 1 12,600 CROWN CORK & SEAL INC COM 228255105 $1,845 172,600 SH Defined 1 172,600 DTE ENERGY CO COM 233331107 $918 24,000 SH Defined 1 24,000 DARDEN RESTAURANTS INC COM 237194105 $1,153 55,400 SH Defined 1 55,400 DEERE & CO COM 244199105 $2,115 63,600 SH Defined 1 63,600 DELL COMPUTER CORP COM 247025109 $1,821 59,100 SH Defined 1 59,100 DELTA AIR LINES INC DEL COM 247361108 $484 10,900 SH Defined 1 10,900 DIME BANCORP INC NEW COM 25429Q102 $2,920 135,400 SH Defined 1 135,400 DISNEY WALT CO COM DISNEY 254687106 $8,090 211,500 SH Defined 1 211,500 DOVER CORP COM 260003108 $3,131 66,700 SH Defined 1 66,700 DOW CHEM CO COM 260543103 $1,347 54,000 SH Defined 1 54,000 DOW JONES & CO INC COM 260561105 $8,155 134,800 SH Defined 1 134,800 DYCOM INDS INC COM 267475101 $1,748 42,000 SH Defined 1 42,000 E M C CORP MASS COM 268648102 $13,818 139,400 SH Defined 1 139,400

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ ENTERGY CORP NEW COM 29364G103 $9,938 266,800 SH Defined 1 266,800 ESSEX PPTY TR INC COM 297178105 $288 5,200 SH Defined 1 5,200 EXAR CORP COM 300645108 $290 2,400 SH Defined 1 2,400 EXXON MOBIL CORP COM 30231G102 $22,593 253,500 SH Defined 1 253,500 F M C CORP COM NEW 302491303 $3,420 51,000 SH Defined 1 51,000 FEDERAL NATL MTG ASSN COM 313586109 $7,693 107,600 SH Defined 1 107,600 FELCOR LODGING TR INC COM 31430F101 $222 9,600 SH Defined 1 9,600 FIRST DATA CORP COM 319963104 $3,531 90,400 SH Defined 1 90,400 FIRSTFED FINL CORP COM 337907109 $354 15,400 SH Defined 1 15,400 FIRSTENERGY CORP COM 337932107 $1,051 39,000 SH Defined 1 39,000 FLEETBOSTON FINL CORP COM 339030108 $9,146 234,500 SH Defined 1 234,500 FORD MTR CO DEL COM PAR $0.01 345370860 $1,266 50,000 SH Defined 1 50,000 FOREST LABS INC COM 345838106 $264 2,300 SH Defined 1 2,300 FOUNDATION HEALTH SYS INC COM 350404109 $233 14,000 SH Defined 1 14,000 GPU INC COM 36225X100 $4,003 123,400 SH Defined 1 123,400 GENERAL ELEC CO COM 369604103 $33,211 575,700 SH Defined 1 575,700 GENERAL MTRS CORP COM 370442105 $10,498 161,500 SH Defined 1 161,500 GEORGIA PAC CORP COM GA PAC GRP 373298108 $2,867 122,000 SH Defined 1 122,000 GLATFELTER P H CO COM 377316104 $175 14,400 SH Defined 1 14,400

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ GLOBESPAN INC COM 379571102 $732 6,000 SH Defined 1 6,000 GOLDMAN SACHS GROUP INC COM 38141G104 $1,823 16,000 SH Defined 1 16,000 GREATER BAY BANCORP COM 391648102 $222 3,200 SH Defined 1 3,200 HCA-HEALTHCARE CO COM 404119109 $4,529 122,000 SH Defined 1 122,000 HNC SOFTWARE INC COM 40425P107 $229 2,800 SH Defined 1 2,800 HARCOURT GEN INC COM 41163G101 $7,741 131,200 SH Defined 1 131,200 HARLEY DAVIDSON INC COM 412822108 $345 7,200 SH Defined 1 7,200 HARTFORD FINL SVCS GROUP INC COM 416515104 $1,896 26,000 SH Defined 1 26,000 HEWLETT PACKARD CO COM 428236103 $13,105 135,100 SH Defined 1 135,100 HOME DEPOT INC COM 437076102 $2,441 46,000 SH Defined 1 46,000 INKTOMI CORP COM 457277101 $684 6,000 SH Defined 1 6,000 INTEGRATED DEVICE TECHNOLOGY COM 458118106 $2,082 23,000 SH Defined 1 23,000 INTEL CORP COM 458140100 $13,953 335,700 SH Defined 1 335,700 INTERNATIONAL BUSINESS MACHS COM 459200101 $8,696 77,300 SH Defined 1 77,300 INTERWOVEN INC COM 46114T102 $283 2,500 SH Defined 1 2,500 I2 TECHNOLOGIES INC COM 465754109 $3,797 20,300 SH Defined 1 20,300 JDS UNIPHASE CORP COM 46612J101 $5,624 59,400 SH Defined 1 59,400 JABIL CIRCUIT INC COM 466313103 $709 12,500 SH Defined 1 12,500 JOHNSON & JOHNSON COM 478160104 $8,670 92,300 SH Defined 1 92,300

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON CTLS INC COM 478366107 $1,542 29,000 SH Defined 1 29,000 JUNIPER NETWORKS INC COM 48203R104 $5,145 23,500 SH Defined 1 23,500 K MART CORP COM 482584109 $582 97,000 SH Defined 1 97,000 KAMAN CORP CL A 483548103 $242 19,200 SH Defined 1 19,200 KEEBLER FOODS CO COM 487256109 $840 20,000 SH Defined 1 20,000 KEMET CORP COM 488360108 $238 8,600 SH Defined 1 8,600 KERR MCGEE CORP COM 492386107 $1,524 23,000 SH Defined 1 23,000 KNIGHT RIDDER INC COM 499040103 $3,328 65,500 SH Defined 1 65,500 KROGER CO COM 501044101 $1,602 71,000 SH Defined 1 71,000 LAFARGE CORP COM 505862102 $648 29,800 SH Defined 1 29,800 LEHMAN BROS HLDGS INC COM 524908100 $9,737 65,900 SH Defined 1 65,900 LIFEPOINT HOSPITALS INC COM 53219L109 $234 6,600 SH Defined 1 6,600 LILLY ELI & CO COM 532457108 $7,512 92,600 SH Defined 1 92,600 LOEWS CORP COM 540424108 $4,519 54,200 SH Defined 1 54,200 LUCENT TECHNOLOGIES INC COM 549463107 $1,436 47,000 SH Defined 1 47,000 MANDALAY RESORT GROUP COM 562567107 $4,356 170,000 SH Defined 1 170,000 MARRIOTT INTL INC NEW CL A 571903202 $3,680 101,000 SH Defined 1 101,000 MCCORMICK & CO INC COM NON VTG 579780206 $1,190 40,000 SH Defined 1 40,000 MERCK & CO INC COM 589331107 $20,314 272,900 SH Defined 1 272,900

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ MERCURY INTERACTIVE CORP COM 589405109 $1,411 9,000 SH Defined 1 9,000 MERISTAR HOSPITALITY CORP COM 58984Y103 $203 10,000 SH Defined 1 10,000 MERRILL LYNCH & CO INC COM 590188108 $4,884 74,000 SH Defined 1 74,000 MICROSOFT CORP COM 594918104 $12,141 201,300 SH Defined 1 201,300 MICROMUSE INC COM 595094103 $1,005 5,000 SH Defined 1 5,000 MICRON TECHNOLOGY INC COM 595112103 $2,443 53,100 SH Defined 1 53,100 MILLENNIUM PHARMACEUTICALS INC COM 599902103 $1,315 9,000 SH Defined 1 9,000 MILLENIUM CHEMICALS INC COM 599903101 $160 10,800 SH Defined 1 10,800 MONY GROUP INC COM 615337102 $917 23,000 SH Defined 1 23,000 MORGAN J P & CO INC COM 616880100 $4,901 30,000 SH Defined 1 30,000 MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 $3,383 37,000 SH Defined 1 37,000 MOTOROLA INC COM 620076109 $706 25,000 SH Defined 1 25,000 NATIONAL SEMICONDUCTOR CORP COM 637640103 $407 10,100 SH Defined 1 10,100 NETWORK APPLIANCE INC COM 64120L104 $7,031 55,200 SH Defined 1 55,200 NEW YORK TIMES CO CL A 650111107 $495 12,600 SH Defined 1 12,600 NEXTEL COMMUNICATIONS INC CL A 65332V103 $1,543 33,000 SH Defined 1 33,000 NORTEL NETWORKS CORP NEW COM 656568102 $596 10,000 SH Defined 1 10,000 NORTHERN TR CORP COM 665859104 $1,333 15,000 SH Defined 1 15,000 NUCOR CORP COM 670346105 $1,536 51,000 SH Defined 1 51,000

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ OCCIDENTAL PETE CORP DEL COM 674599105 $3,316 152,000 SH Defined 1 152,000 OFFSHORE LOGISTICS INC COM 676255102 $247 13,800 SH Defined 1 13,800 ONEOK INC NEW COM 682680103 $239 6,000 SH Defined 1 6,000 ORACLE CORP COM 68389X105 $13,655 173,400 SH Defined 1 173,400 PG&E CORP COM 69331C108 $4,378 181,000 SH Defined 1 181,000 PMC-SIERRA INC COM 69344F106 $4,327 20,100 SH Defined 1 20,100 PMI GROUP INC COM 69344M101 $3,923 57,900 SH Defined 1 57,900 PNC FINL SVCS GROUP INC COM 693475105 $1,690 26,000 SH Defined 1 26,000 PACCAR INC COM 693718108 $1,334 36,000 SH Defined 1 36,000 PACIFICARE HEALTH SYS DEL COM 695112102 $3,934 113,000 SH Defined 1 113,000 PALM INC COM 696642107 $233 4,400 SH Defined 1 4,400 PAYCHEX INC COM 704326107 $3,575 68,100 SH Defined 1 68,100 PENNEY J C INC COM 708160106 $473 40,000 SH Defined 1 40,000 PENNZOIL-QUAKER STATE COMPANY COM 709323109 $163 15,500 SH Defined 1 15,500 PEPSI BOTTLING GROUP INC COM 713409100 $2,345 78,000 SH Defined 1 78,000 PEPSICO INC COM 713448108 $8,593 186,800 SH Defined 1 186,800 PFIZER INC COM 717081103 $10,349 230,300 SH Defined 1 230,300 PHILIP MORRIS COS INC COM 718154107 $3,120 106,000 SH Defined 1 106,000 PHILLIPS PETE CO COM 718507106 $3,765 60,000 SH Defined 1 60,000

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ PRIMEX TECHNOLOGIES INC COM 741597108 $201 6,900 SH Defined 1 6,900 PROCTER & GAMBLE CO COM 742718109 $1,206 18,000 SH Defined 1 18,000 PUBLIC SVC CO N MEX COM 744499104 $303 11,700 SH Defined 1 11,700 PUBLIC SVC ENTERPRISE GROUP COM 744573106 $5,050 113,000 SH Defined 1 113,000 PULTE CORP COM 745867101 $2,142 64,900 SH Defined 1 64,900 QUAKER OATS CO COM 747402105 $1,583 20,000 SH Defined 1 20,000 QUEENS CNTY BANCORP INC COM 748242104 $240 8,300 SH Defined 1 8,300 QWEST COMMUNICATIONS INTL INC COM 749121109 $2,643 55,000 SH Defined 1 55,000 RADIOSHACK CORP COM 750438103 $343 5,300 SH Defined 1 5,300 READERS DIGEST ASSN INC CL A NON VTG 755267101 $1,413 40,000 SH Defined 1 40,000 REYNOLDS R J TOB HLDGS INC COM 76182K105 $3,709 115,000 SH Defined 1 115,000 ROBERT HALF INTL INC COM 770323103 $1,526 44,000 SH Defined 1 44,000 ROCKWELL INTL CORP NEW COM 773903109 $1,089 36,000 SH Defined 1 36,000 RUBY TUESDAY INC COM 781182100 $135 12,000 SH Defined 1 12,000 RYLAND GROUP INC COM 783764103 $236 7,600 SH Defined 1 7,600 SBC COMMUNICATIONS INC COM 78387G103 $10,740 214,800 SH Defined 1 214,800 SDL INC COM 784076101 $2,413 7,800 SH Defined 1 7,800 SAFEWAY INC COM NEW 786514208 $3,595 77,000 SH Defined 1 77,000 SANMINA CORP COM 800907107 $2,350 25,100 SH Defined 1 25,100

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ SCHERING PLOUGH CORP COM 806605101 $3,976 85,500 SH Defined 1 85,500 SCIENTIFIC ATLANTA INC COM 808655104 $1,896 29,800 SH Defined 1 29,800 SEARS ROEBUCK & CO COM 812387108 $8,552 263,800 SH Defined 1 263,800 SEMTECH CORP COM 816850101 $1,553 36,000 SH Defined 1 36,000 SIEBEL SYS INC COM 826170102 $5,454 49,000 SH Defined 1 49,000 SILICON VY BANCSHARES COM 827064106 $262 4,500 SH Defined 1 4,500 SOLECTRON CORP COM 834182107 $387 8,400 SH Defined 1 8,400 SPRINT CORP COM FON GROUP 852061100 $2,462 84,000 SH Defined 1 84,000 SPRINT CORP PCS COM SER 1 852061506 $2,388 68,100 SH Defined 1 68,100 STARWOOD HOTELS&RESORTS WRLWD PAIRED CTF 85590A203 $347 11,100 SH Defined 1 11,100 SUN MICROSYSTEMS INC COM 866810104 $13,765 117,900 SH Defined 1 117,900 SYSCO CORP COM 871829107 $7,336 158,400 SH Defined 1 158,400 TXU CORP COM 873168108 $586 14,800 SH Defined 1 14,800 TECH DATA CORP COM 878237106 $1,667 39,000 SH Defined 1 39,000 TEKTRONIX INC COM 879131100 $691 9,000 SH Defined 1 9,000 TELEPHONE & DATA SYS INC COM 879433100 $996 9,000 SH Defined 1 9,000 TERADYNE INC COM 880770102 $630 18,000 SH Defined 1 18,000 TEXACO INC COM 881694103 $2,100 40,000 SH Defined 1 40,000 TEXAS INSTRS INC COM 882508104 $4,464 94,600 SH Defined 1 94,600

----------------------------------------------------------------------------------------------------------------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ----------------------------------------------------------------------------------------------------------------------------------- Voting Authority --------------------- Name of issuer Title of class CUSIP Value Shrs or SH/PRN Put/ Investment Other Sole Shared None (x$1000) prn amt Call discretion managers ------------------------------------------------------------------------------------------------------------------------------------ TIBCO SOFTWARE INC COM 88632Q103 $760 9,000 SH Defined 1 9,000 TIFFANY & CO NEW COM 886547108 $848 22,000 SH Defined 1 22,000 TIME WARNER INC COM 887315109 $470 6,000 SH Defined 1 6,000 TOSCO CORP COM NEW 891490302 $904 29,000 SH Defined 1 29,000 UAL CORP COM PAR $0.01 902549500 $2,352 56,000 SH Defined 1 56,000 USX MARATHON GROUP COM NEW 902905827 $3,150 111,000 SH Defined 1 111,000 USG CORP COM NEW 903293405 $1,078 43,000 SH Defined 1 43,000 ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 $8,290 326,700 SH Defined 1 326,700 UNITED TECHNOLOGIES CORP COM 913017109 $5,748 83,000 SH Defined 1 83,000 UNITEDHEALTH GROUP INC COM 91324P102 $2,173 22,000 SH Defined 1 22,000 VALERO ENERGY CORP NEW COM 91913Y100 $1,548 44,000 SH Defined 1 44,000 VENATOR GROUP INC COM 922944103 $149 12,000 SH Defined 1 12,000 VERITAS SOFTWARE CO COM 923436109 $5,339 37,600 SH Defined 1 37,600 VERISIGN INC COM 92343E102 $2,816 13,900 SH Defined 1 13,900 VERIZON COMMUNICATIONS COM 92343V104 $6,307 130,200 SH Defined 1 130,200 VERTEX PHARMACEUTICALS INC COM 92532F100 $2,958 35,000 SH Defined 1 35,000 VISHAY INTERTECHNOLOGY INC COM 928298108 $2,343 76,200 SH Defined 1 76,200 VISTEON CORP COM 92839U107 $3,675 243,000 SH Defined 1 243,000 VOICESTREAM WIRELESS CORP COM 928615103 $812 7,000 SH Defined 1 7,000

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