13F-HR 1 seccorp13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended:Jun 30,2005 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BNP Paribas Securities Corp Address: 555 CROTON RD KING OF PRUSSIA, PA 19406 13F File Number: 028 - 10283 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. Person Signing this Report on Behalf of Reporting Manager: Name: Fred Hoevenaar Title: Managing Director, Compliance Phone: 610-491-1439 Signature ,Place, and Date of Signing: Fred Hoevenaar KING OF PRUSSIA,PA 8/5/2005 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting managers(s).) List of Other Managers Reporting for this Manager: **NONE** I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:1,845 Form 13F Information Table Value Total:$70,919,778,626 List of Other Included Managers: No. 13F File Number Name **NONE**

Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page 1 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PARK NATL CORP COM 700658107 492 3628 SH SOLE 3628 0 0 PRIMEDIA INC COM 74157K101 130 34281 SH SOLE 34281 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 4353 980377 SH SOLE 980377 0 0 QUALCOMM INC COM 747525103 42028 991232 SH SOLE 991232 0 0 QLOGIC CORP COM 747277101 2287 62264 SH SOLE 62264 0 0 NASDAQ 100 TR COM 631100104 318855 7988354 SH SOLE 7988354 0 0 QUEST SOFTWARE INC COM 74834T103 230 14421 SH SOLE 14421 0 0 RYDER SYS INC COM 783549108 1612 33737 SH SOLE 33737 0 0 RITE AID CORP COM 767754104 129 35200 SH SOLE 35200 0 0 RALCORP HLDGS INC NEW COM 751028101 388 9244 SH SOLE 9244 0 0 REYNOLDS AMERICAN INC COM 761713106 37727 479993 SH SOLE 479993 0 0 RARE HOSPITALITY INTL INC COM 753820109 289 9062 SH SOLE 9062 0 0 REDBACK NETWORKS INC COM 757209507 63 11803 SH SOLE 11803 0 0 REEBOK INTL LTD COM 758110100 980 22263 SH SOLE 22263 0 0 REPUBLIC BANCORP INC COM 760282103 383 25051 SH SOLE 25051 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 5301 97370 SH SOLE 97370 0 0 ROYAL DUTCH PETE CO COM 780257804 821 14300 SH SOLE 14300 0 0 READERS DIGEST ASSN INC COM 755267101 494 35503 SH SOLE 35503 0 0 ROWAN COS INC COM 779382100 1397 53921 SH SOLE 53921 0 0 RUDDICK CORP COM 781258108 279 12849 SH SOLE 12849 0 0 RADIAN GROUP INC COM 750236101 289 5431 SH SOLE 5431 0 0 EVEREST RE GROUP LTD COM G3223R108 325 3630 SH SOLE 3630 0 0 RESOURCES CONNECTION INC COM 76122Q105 354 6508 SH SOLE 6508 0 0 REGENERON PHARMACEUTICALS COM 75886F107 94 10161 SH SOLE 10161 0 0 REMEC INC COM 759543101 139 19341 SH SOLE 19341 0 0 RETEK INC COM 76128Q109 100 16185 SH SOLE 16185 0 0 REVLON INC COM 761525500 104 45132 SH SOLE 45132 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 8843 248476 SH SOLE 248476 0 0 RF MICRODEVICES INC COM 749941100 659 96299 SH SOLE 96299 0 0 REGENT COMMUNICATIONS INC DE COM 758865109 65 12301 SH SOLE 12301 0 0 R & G FINANCIAL CORP COM 749136107 351 9032 SH SOLE 9032 0 0 RED HAT INC COM 756577102 826 61865 SH SOLE 61865 0 0 RED HAT INC Treasury 756577AB8 183500 2000000 SH SOLE 2000000 0 0 R H DONNELLEY CORP COM 74955W307 287 4855 SH SOLE 4855 0 0 ROBERT HALF INTL INC COM 770323103 2110 71704 SH SOLE 71704 0 0 TRANSOCEAN INC COM G90078109 7099 167465 SH SOLE 167465 0 0 RIGGS NATL CORP WASH DC COM 766570105 1094 51481 SH SOLE 51481 0 0 RESEARCH IN MOTION LTD COM 760975102 10280 124722 SH SOLE 124722 0 0 COMPANHIA VALE DO RIO DOCE COM 204412209 201 6922 SH SOLE 6922 0 0 REGIONAL BK HOLDRS TR COM 75902E100 97704 688300 SH SOLE 688300 0 0 COORS ADOLPH CO COM 217016104 1390 18373 SH SOLE 18373 0 0 RLI CORP COM 749607107 341 8211 SH SOLE 8211 0 0 RAMBUS INC DEL COM 750917106 1854 80618 SH SOLE 80618 0 0 U S CONCRETE INC COM 90333L102 79 10352 SH SOLE 10352 0 0 RUSSELL CORP COM 782352108 232 11913 SH SOLE 11913 0 0 AARON RENTS INC COM 002535201 241 9640 SH SOLE 9640 0 0 REALNETWORKS INC COM 75605L104 170 25694 SH SOLE 25694 0 0 ROHM & HAAS CO COM 775371107 5322 120332 SH SOLE 120332 0 0 ROCKWELL AUTOMATION INC COM 773903109 4359 87974 SH SOLE 87974 0 0 ROLLINS INC COM 775711104 202 7659 SH SOLE 7659 0 0 ROSS STORES INC COM 778296103 397 13734 SH SOLE 13734 0 0 RAYOVAC CORP COM 755081106 309 10098 SH SOLE 10098 0 0 RANGE RES CORP COM 75281A109 327 15976 SH SOLE 15976 0 0 DONNELLEY R R & SONS CO COM 257867101 4020 113914 SH SOLE 113914 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page2 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RELIANCE STEEL & ALUMINUM CO COM 759509102 313 8038 SH SOLE 8038 0 0 RSA SEC INC COM 749719100 444 22117 SH SOLE 22117 0 0 REPUBLIC SVCS INC COM 760759100 260 7754 SH SOLE 7754 0 0 RADIOSHACK CORP COM 750438103 2735 83189 SH SOLE 83189 0 0 RETAIL HOLDRS TR COM 76127U101 128781 1305960 SH SOLE 1305960 0 0 RAYTHEON CO COM 755111507 10370 267054 SH SOLE 267054 0 0 REDWOOD TR INC COM 758075402 333 5357 SH SOLE 5357 0 0 IMS HEALTH INC COM 449934108 2875 123868 SH SOLE 123868 0 0 RYANS RESTAURANT GROUP INC COM 783520109 166 10759 SH SOLE 10759 0 0 SEARS ROEBUCK & CO COM 812387108 6547 128294 SH SOLE 128294 0 0 SAFECO CORP COM 786429100 2816 53907 SH SOLE 53907 0 0 SANMINA SCI CORP COM 800907107 2562 302529 SH SOLE 302529 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 491 11100 SH SOLE 11100 0 0 SAPIENT CORP COM 803062108 188 23712 SH SOLE 23712 0 0 SANDY SPRING BANCORP INC COM 800363103 201 5236 SH SOLE 5236 0 0 SAXON CAP INC NEW COM 80556T106 324 13500 SH SOLE 13500 0 0 SBA COMMUNICATIONS CORP COM 78388J106 115 12360 SH SOLE 12360 0 0 SBC COMMUNICATIONS INC COM 78387G103 51517 1999108 SH SOLE 1999108 0 0 STERLING BANCSHARES INC COM 858907108 270 18928 SH SOLE 18928 0 0 SYMBOL TECHNOLOGIES INC COM 871508107 1710 98829 SH SOLE 98829 0 0 SPANISH BROADCASTING SYS INC COM 846425882 120 11334 SH SOLE 11334 0 0 STARBUCKS CORP COM 855244109 15681 251464 SH SOLE 251464 0 0 SEEBEYOND TECHNOLOGIES CORP COM 815704101 57 15921 SH SOLE 15921 0 0 SCANA CORP NEW COM 80589M102 496 12591 SH SOLE 12591 0 0 SCHWAB CHARLES CORP NEW COM 808513105 11946 998848 SH SOLE 998848 0 0 SCHOLASTIC CORP COM 807066105 328 8880 SH SOLE 8880 0 0 SYCAMORE NETWORKS INC COM 871206108 238 58724 SH SOLE 58724 0 0 SCANSOURCE INC COM 806037107 265 4268 SH SOLE 4268 0 0 SECURE COMPUTING CORP COM 813705100 104 10404 SH SOLE 10404 0 0 SUNGARD DATA SYS INC COM 867363103 4270 150734 SH SOLE 150734 0 0 SIEBEL SYS INC COM 826170102 3313 315795 SH SOLE 315795 0 0 SEALED AIR CORP NEW COM 81211K100 2310 43370 SH SOLE 43370 0 0 SPARTECH CORP COM 847220209 217 8022 SH SOLE 8022 0 0 SEI INVESTMENTS CO COM 784117103 285 6800 SH SOLE 6800 0 0 SELECT MEDICAL CORP COM 816196109 1040 59089 SH SOLE 59089 0 0 SEPRACOR INC COM 817315104 11678 196702 SH SOLE 196702 0 0 SEROLOGICALS CORP COM 817523103 212 9587 SH SOLE 9587 0 0 SCIENTIFIC ATLANTA INC COM 808655104 2921 88499 SH SOLE 88499 0 0 SAFEGUARD SCIENTIFICS INC COM 786449108 85 40006 SH SOLE 40006 0 0 SPHERION CORP COM 848420105 96 11462 SH SOLE 11462 0 0 SAFENET INC COM 78645R107 230 6260 SH SOLE 6260 0 0 SWIFT ENERGY CO COM 870738101 213 7343 SH SOLE 7343 0 0 SILICON GRAPHICS INC COM 827056102 142 82298 SH SOLE 82298 0 0 SCIENTIFIC GAMES CORP COM 80874P109 489 20523 SH SOLE 20523 0 0 SCHERING PLOUGH CORP COM 806605101 16247 778093 SH SOLE 778093 0 0 SHAW GROUP INC COM 820280105 290 16244 SH SOLE 16244 0 0 SIGMATEL INC COM 82661W107 206 5804 SH SOLE 5804 0 0 STONE ENERGY CORP COM 861642106 314 6966 SH SOLE 6966 0 0 SHUFFLE MASTER INC COM 825549108 291 6175 SH SOLE 6175 0 0 SCHULMAN A INC COM 808194104 242 11318 SH SOLE 11318 0 0 SHIRE PHARMACEUTICALS GRP PL COM 82481R106 296 9278 SH SOLE 9278 0 0 SHERWIN WILLIAMS CO COM 824348106 3387 75896 SH SOLE 75896 0 0 SIGMA ALDRICH CORP COM 826552101 2402 39723 SH SOLE 39723 0 0 SIERRA HEALTH SVCS INC COM 826322109 364 6614 SH SOLE 6614 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page3 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SELECTIVE INS GROUP INC COM 816300107 331 7476 SH SOLE 7476 0 0 SMITH INTL INC COM 832110100 329 6052 SH SOLE 6052 0 0 SILICON IMAGE INC COM 82705T102 340 20649 SH SOLE 20649 0 0 SINA CORP COM G81477104 1291 40253 SH SOLE 40253 0 0 SIRIUS SATELLITE RADIO INC COM 82966U103 428 56224 SH SOLE 56224 0 0 SILICON VY BANCSHARES COM 827064106 479 10679 SH SOLE 10679 0 0 STELMAR SHIPPING LTD COM V8726M103 215 4500 SH SOLE 4500 0 0 SMUCKER J M CO COM 832696405 216 4599 SH SOLE 4599 0 0 SHOPKO STORES INC COM 824911101 204 10936 SH SOLE 10936 0 0 TANGER FACTORY OUTLET CTRS I COM 875465106 402 15177 SH SOLE 15177 0 0 SKYWEST INC COM 830879102 320 15972 SH SOLE 15972 0 0 SCHLUMBERGER LTD COM 806857108 24841 371042 SH SOLE 371042 0 0 SARA LEE CORP COM 803111103 10176 421543 SH SOLE 421543 0 0 STRATEGIC HOTEL CAP INC COM 86272T106 330 20007 SH SOLE 20007 0 0 SLM CORP COM 78442P106 203818 3817525 SH SOLE 3817525 0 0 SOLECTRON CORP COM 834182107 3905 732675 SH SOLE 732675 0 0 ST MARY LD & EXPL CO COM 792228108 203 4862 SH SOLE 4862 0 0 SEMICONDUCTOR HLDRS TR COM 816636203 2592 77661 SH SOLE 77661 0 0 SYMYX TECHNOLOGIES COM 87155S108 220 7323 SH SOLE 7323 0 0 SUMMIT PPTYS INC COM 866239106 373 11449 SH SOLE 11449 0 0 SEMITOOL INC COM 816909105 98 10591 SH SOLE 10591 0 0 SNAP ON INC COM 833034101 893 25983 SH SOLE 25983 0 0 SANDISK CORP COM 80004C101 2407 96399 SH SOLE 96399 0 0 SONY CORP COM 835699307 799 20500 SH SOLE 20500 0 0 SENIOR HSG PPTYS TR COM 81721M109 319 16850 SH SOLE 16850 0 0 SYNOPSYS INC COM 871607107 333 17017 SH SOLE 17017 0 0 SYNOVUS FINL CORP COM 87161C105 4604 161104 SH SOLE 161104 0 0 SONICWALL INC COM 835470105 75 11926 SH SOLE 11926 0 0 SOUTHERN CO COM 842587107 19333 576749 SH SOLE 576749 0 0 SOLA INTL INC COM 834092108 241 8763 SH SOLE 8763 0 0 SONIC CORP COM 835451105 521 17074 SH SOLE 17074 0 0 S1 CORPORATION COM 78463B101 181 20045 SH SOLE 20045 0 0 SOVEREIGN BANCORP INC COM 845905108 5024 222801 SH SOLE 222801 0 0 SIMON PPTY GROUP INC NEW COM 828806109 7586 117306 SH SOLE 117306 0 0 STAPLES INC COM 855030102 10490 311183 SH SOLE 311183 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 186 12089 SH SOLE 12089 0 0 SUPPORTSOFT INC COM 868587106 69 10401 SH SOLE 10401 0 0 SPX CORP COM 784635104 258 6448 SH SOLE 6448 0 0 SPDR TR COM 78462F103 372011 3077773 SH SOLE 3077773 0 0 SEMPRA ENERGY COM 816851109 4410 120234 SH SOLE 120234 0 0 SIERRA PAC RES NEW COM 826428104 399 38032 SH SOLE 38032 0 0 SRA INTL INC COM 78464R105 205 3186 SH SOLE 3186 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 242 12963 SH SOLE 12963 0 0 SIMPSON MANUFACTURING CO INC COM 829073105 404 11568 SH SOLE 11568 0 0 SCANSOFT INC COM 80603P107 102 24233 SH SOLE 24233 0 0 SOVRAN SELF STORAGE INC COM 84610H108 232 5512 SH SOLE 5512 0 0 SILICON STORAGE TECHNOLOGY I COM 827057100 217 36527 SH SOLE 36527 0 0 ST PAUL TRAVELERS INC COM 792860108 13028 351441 SH SOLE 351441 0 0 STEWART INFORMATION SVCS COR COM 860372101 238 5712 SH SOLE 5712 0 0 STERIS CORP COM 859152100 627 26440 SH SOLE 26440 0 0 STEWART ENTERPRISES INC COM 860370105 242 34574 SH SOLE 34574 0 0 SUNTRUST BKS INC COM 867914103 15017 203260 SH SOLE 203260 0 0 ST JUDE MED INC COM 790849103 7983 190383 SH SOLE 190383 0 0 STEEL DYNAMICS INC COM 858119100 519 13712 SH SOLE 13712 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page4 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- QUESTAR CORP COM 748356102 318 6248 SH SOLE 6248 0 0 STRAYER ED INC COM 863236105 421 3831 SH SOLE 3831 0 0 STAR SCIENTIFIC INC COM 85517P101 64 12649 SH SOLE 12649 0 0 STATE STR CORP COM 857477103 8416 171327 SH SOLE 171327 0 0 STRATEX NETWORKS INC COM 86279T109 56 24930 SH SOLE 24930 0 0 CONSTELLATION BRANDS INC COM 21036P108 288 6196 SH SOLE 6196 0 0 SOUTHERN UN CO NEW COM 844030106 353 14712 SH SOLE 14712 0 0 SUNOCO INC COM 86764P109 3058 37425 SH SOLE 37425 0 0 SUN MICROSYSTEMS INC COM 866810104 11397 2114506 SH SOLE 2114506 0 0 SUPERGEN INC COM 868059106 99 14095 SH SOLE 14095 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 355 14221 SH SOLE 14221 0 0 SUPERVALU INC COM 868536103 2179 63115 SH SOLE 63115 0 0 SOUTHWEST BANCORPORATION TEX COM 84476R109 559 24019 SH SOLE 24019 0 0 SWIFT TRANSN CO COM 870756103 360 16743 SH SOLE 16743 0 0 STANLEY WKS COM 854616109 44605 910498 SH SOLE 910498 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 417 44231 SH SOLE 44231 0 0 SOUTHWESTERN ENERGY CO COM 845467109 423 8343 SH SOLE 8343 0 0 SITEL CORP COM 82980K107 54 22035 SH SOLE 22035 0 0 SOUTHWEST GAS CORP COM 844895102 385 15159 SH SOLE 15159 0 0 SAFEWAY INC COM 786514208 6151 311597 SH SOLE 311597 0 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 353 14721 SH SOLE 14721 0 0 SYBRON DENTAL SPECIALTIES IN COM 871142105 383 10833 SH SOLE 10833 0 0 STRYKER CORP COM 863667101 11075 229530 SH SOLE 229530 0 0 SYMANTEC CORP COM 871503108 11744 455918 SH SOLE 455918 0 0 SYMMETRICOM INC COM 871543104 105 10864 SH SOLE 10864 0 0 SYSCO CORP COM 871829107 12696 332609 SH SOLE 332609 0 0 AT&T CORP COM 001957505 641 33627 SH SOLE 33627 0 0 TASER INTL INC COM 87651B104 424 13406 SH SOLE 13406 0 0 TAUBMAN CTRS INC COM 876664103 246 8208 SH SOLE 8208 0 0 CORNERSTONE RLTY INCOME TR I COM 21922V102 136 13652 SH SOLE 13652 0 0 TOWN & CTRY TR COM 892081100 252 9129 SH SOLE 9129 0 0 TIDEWATER INC COM 886423102 496 13939 SH SOLE 13939 0 0 TELEDYNE TECHNOLOGIES INC COM 879360105 274 9327 SH SOLE 9327 0 0 TECO ENERGY INC COM 872375100 2764 180069 SH SOLE 180069 0 0 TECHNE CORP COM 878377100 546 14032 SH SOLE 14032 0 0 TECUMSEH PRODS CO COM 878895200 323 6760 SH SOLE 6760 0 0 TEKTRONIX INC COM 879131100 1394 46134 SH SOLE 46134 0 0 TELIK INC COM 87959M109 231 12057 SH SOLE 12057 0 0 TENNECO AUTOMOTIVE INC COM 880349105 202 11725 SH SOLE 11725 0 0 TERADYNE INC COM 880770102 2091 122523 SH SOLE 122523 0 0 TERAYON COMMUNICATION SYS COM 880775101 50 18586 SH SOLE 18586 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 3403 113979 SH SOLE 113979 0 0 TEREX CORP NEW COM 880779103 647 13583 SH SOLE 13583 0 0 TRIAD GTY INC COM 895925105 263 4356 SH SOLE 4356 0 0 TARGET CORP COM 87612E106 24305 468031 SH SOLE 468031 0 0 TENET HEALTHCARE CORP COM 88033G100 2899 264059 SH SOLE 264059 0 0 THOR INDS INC COM 885160101 493 13294 SH SOLE 13294 0 0 THORATEC CORP COM 885175307 135 12951 SH SOLE 12951 0 0 TIFFANY & CO NEW COM 886547108 3116 97459 SH SOLE 97459 0 0 TEMPLE INLAND INC COM 879868107 1467 21447 SH SOLE 21447 0 0 TIVO INC COM 888706108 84 14241 SH SOLE 14241 0 0 TJX COS INC NEW COM 872540109 6338 252210 SH SOLE 252210 0 0 TRANSKARYOTIC THERAPIES INC COM 893735100 209 8215 SH SOLE 8215 0 0 TELLABS INC COM 879664100 2182 254028 SH SOLE 254028 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page5 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TORCHMARK CORP COM 891027104 3269 57215 SH SOLE 57215 0 0 THERMO ELECTRON CORP COM 883556102 2988 98976 SH SOLE 98976 0 0 MERIDIAN RESOURCE CORP COM 58977Q109 89 14751 SH SOLE 14751 0 0 TRANSMETA CORP DEL COM 89376R109 71 43759 SH SOLE 43759 0 0 TUMBLEWEED COMMUNICATIONS CO COM 899690101 50 14924 SH SOLE 14924 0 0 THOMAS & BETTS CORP COM 884315102 686 22306 SH SOLE 22306 0 0 TECHNITROL INC COM 878555101 203 11148 SH SOLE 11148 0 0 TOLL BROTHERS INC COM 889478103 283 4121 SH SOLE 4121 0 0 TOYS R US INC COM 892335100 2314 113027 SH SOLE 113027 0 0 TRITON PCS HLDGS INC COM 89677M106 62 18119 SH SOLE 18119 0 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 213 47879 SH SOLE 47879 0 0 TRIBUNE CO NEW COM 896047107 7733 183508 SH SOLE 183508 0 0 TEXAS REGL BANCSHARES INC COM 882673106 514 15716 SH SOLE 15716 0 0 TRIMBLE NAVIGATION LTD COM 896239100 504 15246 SH SOLE 15246 0 0 TRUSTMARK CORP COM 898402102 455 14631 SH SOLE 14631 0 0 TRIMERIS INC COM 896263100 216 15233 SH SOLE 15233 0 0 TRINITY INDS INC COM 896522109 439 12892 SH SOLE 12892 0 0 PRICE T ROWE GROUP INC COM 74144T108 4942 79456 SH SOLE 79456 0 0 TRIPATH TECHNOLOGY INC COM 89672P104 14 10847 SH SOLE 10847 0 0 TRUSTCO BK CORP N Y COM 898349105 326 23623 SH SOLE 23623 0 0 TRANSACTION SYS ARCHITECTS COM 893416107 261 13139 SH SOLE 13139 0 0 TRACTOR SUPPLY CO COM 892356106 330 8869 SH SOLE 8869 0 0 SABRE HLDGS CORP COM 785905100 1760 79444 SH SOLE 79444 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 235 27737 SH SOLE 27737 0 0 TYSON FOODS INC COM 902494103 312 16968 SH SOLE 16968 0 0 TESORO CORP COM 881609101 602 18895 SH SOLE 18895 0 0 TORO CO COM 891092108 542 6662 SH SOLE 6662 0 0 TELETECH HOLDINGS INC COM 879939106 100 10321 SH SOLE 10321 0 0 TETRA TECH INC NEW COM 88162G103 287 17126 SH SOLE 17126 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 222 7848 SH SOLE 7848 0 0 TTM TECHNOLOGIES INC COM 87305R109 151 12811 SH SOLE 12811 0 0 TITAN CORP COM 888266103 470 29043 SH SOLE 29043 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 457 13138 SH SOLE 13138 0 0 MICROTUNE INC DEL COM 59514P109 87 14203 SH SOLE 14203 0 0 TUPPERWARE CORP COM 899896104 358 17293 SH SOLE 17293 0 0 LIN TV CORP COM 532774106 194 10163 SH SOLE 10163 0 0 TOWER AUTOMOTIVE INC COM 891707101 49 20484 SH SOLE 20484 0 0 TIME WARNER TELECOM INC COM 887319101 66 15075 SH SOLE 15075 0 0 TERREMARK WORLDWIDE INC COM 881448104 62 97591 SH SOLE 97591 0 0 TIME WARNER INC COM 887317105 57263 2944105 SH SOLE 2944105 0 0 TEXAS INDS INC COM 882491103 330 5285 SH SOLE 5285 0 0 TEXAS INSTRS INC COM 882508104 32563 1322609 SH SOLE 1322609 0 0 TEXTRON INC COM 883203101 5266 71358 SH SOLE 71358 0 0 TXU CORP COM 873168108 10390 160929 SH SOLE 160929 0 0 TYCO INTL LTD NEW COM 902124106 39503 1105297 SH SOLE 1105297 0 0 TRIZETTO GROUP INC COM 896882107 114 11964 SH SOLE 11964 0 0 UNITED BANKSHARES INC WEST V COM 909907107 403 10552 SH SOLE 10552 0 0 UICI COM 902737105 379 11190 SH SOLE 11190 0 0 UNOCAL CORP COM 915289102 5509 127396 SH SOLE 127396 0 0 UNITED DOMINION REALTY TR IN COM 910197102 208 8398 SH SOLE 8398 0 0 UNITED FIRE & CAS CO COM 910331107 206 6104 SH SOLE 6104 0 0 UNISYS CORP COM 909214108 2103 206622 SH SOLE 206622 0 0 UNILEVER PLC COM 904767704 368 9300 SH SOLE 9300 0 0 UMB FINL CORP COM 902788108 274 4829 SH SOLE 4829 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page6 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- UNITED MICROELECTRONICS CORP COM 910873207 8061 2283498 SH SOLE 2283498 0 0 UMPQUA HLDGS CORP COM 904214103 363 14414 SH SOLE 14414 0 0 UNOVA INC COM 91529B106 349 13788 SH SOLE 13788 0 0 UNITED NAT FOODS INC COM 911163103 330 10598 SH SOLE 10598 0 0 UNITEDHEALTH GROUP INC COM 91324P102 33082 375802 SH SOLE 375802 0 0 UNIZAN FINANCIAL CORP COM 91528W101 206 7799 SH SOLE 7799 0 0 UNUMPROVIDENT CORP COM 91529Y106 2635 146886 SH SOLE 146886 0 0 UNION PAC CORP COM 907818108 9106 135410 SH SOLE 135410 0 0 UNISOURCE ENERGY CORP COM 909205106 238 9870 SH SOLE 9870 0 0 UNIT CORP COM 909218109 456 11926 SH SOLE 11926 0 0 UNITED ONLINE INC COM 911268100 182 15781 SH SOLE 15781 0 0 UBIQUITEL INC COM 903474302 154 21637 SH SOLE 21637 0 0 UNITED PARCEL SERVICE INC COM 911312106 52222 611071 SH SOLE 611071 0 0 URBAN OUTFITTERS INC COM 917047102 268 6043 SH SOLE 6043 0 0 UNITED RENTALS INC COM 911363109 1781 94248 SH SOLE 94248 0 0 URS CORP NEW COM 903236107 274 8529 SH SOLE 8529 0 0 US BANCORP DEL COM 902973304 31033 990831 SH SOLE 990831 0 0 U S G CORP COM 903293405 392 9726 SH SOLE 9726 0 0 U S I HLDGS COM 90333H101 149 12865 SH SOLE 12865 0 0 USA MOBILITY INC COM 90341G103 222 6292 SH SOLE 6292 0 0 UNITED SURGICAL PARTNERS INT COM 913016309 300 7192 SH SOLE 7192 0 0 UST INC COM 902911106 4865 101126 SH SOLE 101126 0 0 UNITED STATIONERS INC COM 913004107 401 8670 SH SOLE 8670 0 0 USEC INC COM 90333E108 292 30181 SH SOLE 30181 0 0 U S RESTAURANT PPTYS INC COM 902971100 215 11910 SH SOLE 11910 0 0 UTILITIES HOLDRS TR COM 918019100 43956 450000 SH SOLE 450000 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 215 4754 SH SOLE 4754 0 0 UNITRIN INC COM 913275103 220 4834 SH SOLE 4834 0 0 UNITED TECHNOLOGIES CORP COM 913017109 33220 321432 SH SOLE 321432 0 0 UNIVISION COMMUNICATIONS INC COM 914906102 12338 421509 SH SOLE 421509 0 0 UNIVERSAL CORP VA COM 913456109 304 6348 SH SOLE 6348 0 0 VIVENDI UNIVERSAL COM 92851S204 246 7660 SH SOLE 7660 0 0 VARIAN MED SYS INC COM 92220P105 295 6820 SH SOLE 6820 0 0 VARIAN INC COM 922206107 507 12358 SH SOLE 12358 0 0 VISTEON CORP COM 92839U107 850 86953 SH SOLE 86953 0 0 VALASSIS COMMUNICATIONS INC COM 918866104 689 19670 SH SOLE 19670 0 0 VALUECLICK INC COM 92046N102 297 22300 SH SOLE 22300 0 0 V F CORP COM 918204108 2517 45450 SH SOLE 45450 0 0 VIACOM INC COM 925524308 35960 988173 SH SOLE 988173 0 0 VIGNETTE CORP COM 926734104 130 93764 SH SOLE 93764 0 0 VION PHARMACEUTICALS INC COM 927624106 70 14965 SH SOLE 14965 0 0 ORTHOVITA INC COM 68750U102 66 15803 SH SOLE 15803 0 0 VALENCE TECHNOLOGY INC COM 918914102 43 13679 SH SOLE 13679 0 0 VALERO ENERGY CORP NEW COM 91913Y100 6078 133871 SH SOLE 133871 0 0 VULCAN MATLS CO COM 929160109 2951 54029 SH SOLE 54029 0 0 VENTANA MED SYS INC COM 92276H106 250 3904 SH SOLE 3904 0 0 VINTAGE PETE INC COM 927460105 323 14252 SH SOLE 14252 0 0 VARCO INTL INC DEL COM 922122106 6451 221292 SH SOLE 221292 0 0 VERISIGN INC COM 92343E102 1071 31869 SH SOLE 31869 0 0 VERSO TECHNOLOGIES INC COM 925317109 30 42211 SH SOLE 42211 0 0 VERITAS SOFTWARE CO COM 923436109 7275 254826 SH SOLE 254826 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 317 30016 SH SOLE 30016 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 853 32358 SH SOLE 32358 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 349 9476 SH SOLE 9476 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page7 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VISHAY INTERTECHNOLOGY INC COM 928298108 157 10447 SH SOLE 10447 0 0 VESTA INS GROUP INC COM 925391104 37 10076 SH SOLE 10076 0 0 VITESSE SEMICONDUCTOR CORP COM 928497106 237 67090 SH SOLE 67090 0 0 VECTREN CORP COM 92240G101 294 10960 SH SOLE 10960 0 0 VERIZON COMMUNICATIONS COM 92343V104 89224 2202522 SH SOLE 2202522 0 0 WESTAMERICA BANCORPORATION COM 957090103 705 12096 SH SOLE 12096 0 0 WALGREEN CO COM 931422109 20580 536354 SH SOLE 536354 0 0 WATERS CORP COM 941848103 2766 59105 SH SOLE 59105 0 0 WACHOVIA CORP 2ND NEW COM 929903102 44910 853803 SH SOLE 853803 0 0 WEBSTER FINL CORP CONN COM 947890109 220 4343 SH SOLE 4343 0 0 WEBSENSE INC COM 947684106 317 6254 SH SOLE 6254 0 0 WCI CMNTYS INC COM 92923C104 273 9278 SH SOLE 9278 0 0 WASTE CONNECTIONS INC COM 941053100 248 7234 SH SOLE 7234 0 0 WENDYS INTL INC COM 950590109 2258 57502 SH SOLE 57502 0 0 WERNER ENTERPRISES INC COM 950755108 476 21005 SH SOLE 21005 0 0 WELLS FARGO & CO NEW COM 949746101 58979 948975 SH SOLE 948975 0 0 WIRELESS FACILITIES INC COM 97653A103 123 12993 SH SOLE 12993 0 0 WHOLE FOODS MKT INC COM 966837106 1420 14892 SH SOLE 14892 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 391 7623 SH SOLE 7623 0 0 WASHINGTON GROUP INTL INC COM 938862208 284 6886 SH SOLE 6886 0 0 WGL HLDGS INC COM 92924F106 538 17444 SH SOLE 17444 0 0 WINNEBAGO INDS INC COM 974637100 284 7264 SH SOLE 7264 0 0 WOODWARD GOVERNOR CO COM 980745103 237 3315 SH SOLE 3315 0 0 WATCHGUARD TECHNOLOGIES INC COM 941105108 70 15825 SH SOLE 15825 0 0 WHIRLPOOL CORP COM 963320106 2400 34682 SH SOLE 34682 0 0 WINN DIXIE STORES INC COM 974280109 96 21199 SH SOLE 21199 0 0 WIND RIVER SYSTEMS INC COM 973149107 344 25369 SH SOLE 25369 0 0 WHITING PETE CORP NEW COM 966387102 219 7242 SH SOLE 7242 0 0 WELLMAN INC COM 949702104 107 10039 SH SOLE 10039 0 0 WELLPOINT INC COM 94973V107 20719 180168 SH SOLE 180168 0 0 WALTER INDS INC COM 93317Q105 205 6082 SH SOLE 6082 0 0 WASHINGTON MUT INC COM 939322103 20736 490450 SH SOLE 490450 0 0 WILLIAMS COS INC DEL COM 969457100 10138 622348 SH SOLE 622348 0 0 WASTE MGMT INC DEL COM 94106L109 10181 340055 SH SOLE 340055 0 0 WAL MART STORES INC COM 931142103 153943 2914487 SH SOLE 2914487 0 0 WESTWOOD ONE INC COM 961815107 213 7902 SH SOLE 7902 0 0 WATSON PHARMACEUTICALS INC COM 942683103 1830 55776 SH SOLE 55776 0 0 WASHINGTON POST CO COM 939640108 480 488 SH SOLE 488 0 0 WASHINGTON REAL ESTATE INVT COM 939653101 437 12912 SH SOLE 12912 0 0 WEINGARTEN RLTY INVS COM 948741103 273 6800 SH SOLE 6800 0 0 WARNACO GROUP INC COM 934390402 283 13086 SH SOLE 13086 0 0 WILLIAMS SONOMA INC COM 969904101 282 8038 SH SOLE 8038 0 0 WEST PHARMACEUTICAL SVSC INC COM 955306105 238 9498 SH SOLE 9498 0 0 WESTELL TECHNOLOGIES INC COM 957541105 75 11049 SH SOLE 11049 0 0 WESTERN WIRELESS CORP Treasury 95988EAF2 312562 1499999 SH SOLE 1499999 0 0 WOLVERINE WORLD WIDE INC COM 978097103 456 14528 SH SOLE 14528 0 0 WRIGLEY WM JR CO COM 982526105 8997 130027 SH SOLE 130027 0 0 WEYERHAEUSER CO COM 962166104 8693 129323 SH SOLE 129323 0 0 WYETH COM 983024100 32909 772689 SH SOLE 772689 0 0 WYNN RESORTS LTD COM 983134107 334 4986 SH SOLE 4986 0 0 WAYPOINT FINL CORP COM 946756103 211 7432 SH SOLE 7432 0 0 UNITED STATES STL CORP NEW COM 912909108 7250 141470 SH SOLE 141470 0 0 CIMAREX ENERGY CO COM 171798101 490 12916 SH SOLE 12916 0 0 XCEL ENERGY INC COM 98389B100 4251 233596 SH SOLE 233596 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page8 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- XCEL ENERGY INC Treasury 98389BAB6 309500 2000000 SH SOLE 2000000 0 0 EXPRESSJET HOLDINGS INC COM 30218U108 136 10577 SH SOLE 10577 0 0 XL CAP LTD COM G98255105 7546 97176 SH SOLE 97176 0 0 SELECT SECTOR SPDR TR COM 81369Y506 44965 1238020 SH SOLE 1238020 0 0 SELECT SECTOR SPDR TR COM 81369Y605 13861 454000 SH SOLE 454000 0 0 SELECT SECTOR SPDR TR COM 81369Y704 81419 2620500 SH SOLE 2620500 0 0 XILINX INC COM 983919101 5981 201568 SH SOLE 201568 0 0 SELECT SECTOR SPDR TR COM 81369Y886 49389 1773400 SH SOLE 1773400 0 0 SELECT SECTOR SPDR TR COM 81369Y209 48449 1604800 SH SOLE 1604800 0 0 XM SATELLITE RADIO HLDGS INC COM 983759101 2566 68201 SH SOLE 68201 0 0 EXXON MOBIL CORP COM 30231G102 153011 2985003 SH SOLE 2985003 0 0 DENTSPLY INTL INC NEW COM 249030107 376 6696 SH SOLE 6696 0 0 XEROX CORP COM 984121103 8792 516870 SH SOLE 516870 0 0 XEROX CORP COM 984121509 5912 40000 SH SOLE 40000 0 0 XTO ENERGY INC COM 98385X106 4778 135053 SH SOLE 135053 0 0 XYBERNAUT CORP COM 984149104 67 54467 SH SOLE 54467 0 0 YANKEE CANDLE INC COM 984757104 512 15436 SH SOLE 15436 0 0 YAHOO INC COM 984332106 28508 756579 SH SOLE 756579 0 0 YORK INTL CORP NEW COM 986670107 496 14350 SH SOLE 14350 0 0 YUM BRANDS INC COM 988498101 7523 159450 SH SOLE 159450 0 0 ZHONE TECHNOLOGIES INC NEW COM 98950P108 56 21529 SH SOLE 21529 0 0 ZILA INC COM 989513205 87 20384 SH SOLE 20384 0 0 ZIONS BANCORPORATION COM 989701107 3164 46507 SH SOLE 46507 0 0 ZALE CORP NEW COM 988858106 432 14456 SH SOLE 14456 0 0 ZIMMER HLDGS INC COM 98956P102 11181 139549 SH SOLE 139549 0 0 QUIKSILVER INC COM 74838C106 324 10889 SH SOLE 10889 0 0 ZORAN CORP COM 98975F101 135 11668 SH SOLE 11668 0 0 FISHER SCIENTIFIC INTL INC COM 338032204 3836 61498 SH SOLE 61498 0 0 FSI INTL INC COM 302633102 56 11950 SH SOLE 11950 0 0 FREESCALE SEMICONDUCTOR INC COM 35687M206 3732 203291 SH SOLE 203291 0 0 FEDERAL SIGNAL CORP COM 313855108 370 20933 SH SOLE 20933 0 0 FOREST OIL CORP COM 346091705 556 17514 SH SOLE 17514 0 0 FRONTIER OIL CORP COM 35914P105 269 10106 SH SOLE 10106 0 0 FULLER H B CO COM 359694106 285 9979 SH SOLE 9979 0 0 FORWARD AIR CORP COM 349853101 294 6584 SH SOLE 6584 0 0 GILLETTE CO COM 375766102 29222 652561 SH SOLE 652561 0 0 NICOR INC COM 654086107 1379 37335 SH SOLE 37335 0 0 GREATER BAY BANCORP COM 391648102 467 16751 SH SOLE 16751 0 0 GLACIER BANCORP INC NEW COM 37637Q105 280 8232 SH SOLE 8232 0 0 GABELLI ASSET MGMT INC COM 36239Y102 211 4356 SH SOLE 4356 0 0 GABLES RESIDENTIAL TR COM 362418105 267 7448 SH SOLE 7448 0 0 GANNETT INC COM 364730101 11494 140684 SH SOLE 140684 0 0 GMH CMNTYS TR COM 36188G102 272 19300 SH SOLE 19300 0 0 GENERAL DYNAMICS CORP COM 369550108 11737 112205 SH SOLE 112205 0 0 GARDNER DENVER INC COM 365558105 231 6359 SH SOLE 6359 0 0 GUIDANT CORP COM 401698105 24686 342390 SH SOLE 342390 0 0 GOLDEN WEST FINL CORP DEL COM 381317106 10081 164137 SH SOLE 164137 0 0 GENERAL ELEC CO COM 369604103 191646 5250584 SH SOLE 5250584 0 0 GREIF INC COM 397624107 222 3971 SH SOLE 3971 0 0 GENAERA CORP COM 36867G100 75 22026 SH SOLE 22026 0 0 GENZYME CORP COM 372917104 7547 129969 SH SOLE 129969 0 0 GERON CORP COM 374163103 308 38599 SH SOLE 38599 0 0 GAYLORD ENTMT CO NEW COM 367905106 354 8521 SH SOLE 8521 0 0 GRIFFON CORP COM 398433102 222 8210 SH SOLE 8210 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page9 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GOLDCORP INC NEW COM 380956409 428 28449 SH SOLE 28449 0 0 GEORGIA GULF CORP COM 373200203 440 8831 SH SOLE 8831 0 0 GRACO INC COM 384109104 360 9626 SH SOLE 9626 0 0 GILEAD SCIENCES INC COM 375558103 9414 269036 SH SOLE 269036 0 0 GENERAL MLS INC COM 370334104 9050 182063 SH SOLE 182063 0 0 GLOBAL IMAGING SYSTEMS COM 37934A100 256 6471 SH SOLE 6471 0 0 GLOBAL INDS LTD COM 379336100 224 26977 SH SOLE 26977 0 0 GOLD BANC CORP INC COM 379907108 171 11680 SH SOLE 11680 0 0 GUILFORD PHARMACEUTICALS INC COM 401829106 67 13445 SH SOLE 13445 0 0 GREAT LAKES CHEM CORP COM 390568103 1245 43682 SH SOLE 43682 0 0 GLATFELTER COM 377316104 201 13135 SH SOLE 13135 0 0 CORNING INC COM 219350105 9633 818431 SH SOLE 818431 0 0 GENLYTE GROUP INC COM 372302109 240 2796 SH SOLE 2796 0 0 GENERAL MTRS CORP COM 370442105 32962 822822 SH SOLE 822822 0 0 GATX CORP COM 361448103 559 18922 SH SOLE 18922 0 0 GENERAL COMMUNICATION INC COM 369385109 167 15158 SH SOLE 15158 0 0 GENELABS TECHNOLOGIES INC COM 368706107 33 27344 SH SOLE 27344 0 0 GENTA INC COM 37245M207 33 18799 SH SOLE 18799 0 0 GEORGIA PAC CORP COM 373298108 6449 172057 SH SOLE 172057 0 0 GENUINE PARTS CO COM 372460105 4024 91338 SH SOLE 91338 0 0 GRAPHIC PACKAGING CORP DEL COM 388688103 163 22651 SH SOLE 22651 0 0 GAP INC DEL COM 364760108 10764 509670 SH SOLE 509670 0 0 GOODRICH CORP COM 382388106 2460 75368 SH SOLE 75368 0 0 GRACE W R & CO DEL NEW COM 38388F108 248 18217 SH SOLE 18217 0 0 GREY GLOBAL GROUP INC COM 39787M108 275 250 SH SOLE 250 0 0 GARMIN LTD COM G37260109 247 4055 SH SOLE 4055 0 0 GLIMCHER RLTY TR COM 379302102 259 9330 SH SOLE 9330 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 26942 258957 SH SOLE 258957 0 0 GLAXOSMITHKLINE PLC COM 37733W105 8265 174400 SH SOLE 174400 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 1721 117386 SH SOLE 117386 0 0 GRAFTECH INTL LTD COM 384313102 280 29566 SH SOLE 29566 0 0 GRAY TELEVISION INC COM 389375106 275 17759 SH SOLE 17759 0 0 GUITAR CTR MGMT INC COM 402040109 285 5411 SH SOLE 5411 0 0 GATEWAY INC COM 367626108 2032 338043 SH SOLE 338043 0 0 GRANITE CONSTR INC COM 387328107 330 12412 SH SOLE 12412 0 0 GREY WOLF INC COM 397888108 278 52691 SH SOLE 52691 0 0 GRAINGER W W INC COM 384802104 2768 41552 SH SOLE 41552 0 0 HAEMONETICS CORP COM 405024100 286 7890 SH SOLE 7890 0 0 HALLIBURTON CO COM 406216101 10667 271846 SH SOLE 271846 0 0 HARMAN INTL INDS INC COM 413086109 439 3457 SH SOLE 3457 0 0 HASBRO INC COM 418056107 1506 77725 SH SOLE 77725 0 0 HUNTINGTON BANCSHARES INC COM 446150104 2195 88732 SH SOLE 88732 0 0 HANCOCK HLDG CO COM 410120109 207 6186 SH SOLE 6186 0 0 HANOVER COMPRESSOR CO COM 410768105 394 27858 SH SOLE 27858 0 0 HCA INC COM 404119109 9073 227059 SH SOLE 227059 0 0 MANOR CARE INC NEW COM 564055101 1374 38789 SH SOLE 38789 0 0 HOME DEPOT INC COM 437076102 50506 1181695 SH SOLE 1181695 0 0 HARLEY DAVIDSON INC COM 412822108 8331 137136 SH SOLE 137136 0 0 HEADWATERS INC COM 42210P102 271 9506 SH SOLE 9506 0 0 HARRAHS ENTMT INC COM 413619107 3871 57875 SH SOLE 57875 0 0 HUMAN GENOME SCIENCES INC COM 444903108 783 65114 SH SOLE 65114 0 0 HOOPER HOLMES INC COM 439104100 110 18646 SH SOLE 18646 0 0 HIBERNIA CORP COM 428656102 204 6924 SH SOLE 6924 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 10864 156745 SH SOLE 156745 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page10 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HIGHLAND HOSPITALITY CORP COM 430141101 127 11333 SH SOLE 11333 0 0 DOT HILL SYS CORP COM 25848T109 103 13096 SH SOLE 13096 0 0 HIGHWOODS PPTYS INC COM 431284108 632 22807 SH SOLE 22807 0 0 HECLA MNG CO COM 422704106 184 31501 SH SOLE 31501 0 0 HARMONIC INC COM 413160102 169 20322 SH SOLE 20322 0 0 HOLLINGER INTL INC COM 435569108 187 11934 SH SOLE 11934 0 0 HILTON HOTELS CORP COM 432848109 4836 212684 SH SOLE 212684 0 0 HOLLYWOOD ENTMT CORP COM 436141105 199 15197 SH SOLE 15197 0 0 HEALTH MGMT ASSOC INC NEW COM 421933102 2918 128443 SH SOLE 128443 0 0 HOME PROPERTIES INC COM 437306103 433 10069 SH SOLE 10069 0 0 HORACE MANN EDUCATORS CORP N COM 440327104 366 19200 SH SOLE 19200 0 0 HARLEYSVILLE NATL CORP PA COM 412850109 250 9416 SH SOLE 9416 0 0 HARVEST NATURAL RESOURCES IN COM 41754V103 190 10999 SH SOLE 10999 0 0 HEINZ H J CO COM 423074103 7309 187452 SH SOLE 187452 0 0 HOMESTORE INC COM 437852106 104 34306 SH SOLE 34306 0 0 HONEYWELL INTL INC COM 438516106 21831 616532 SH SOLE 616532 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A203 7042 120579 SH SOLE 120579 0 0 HOT TOPIC INC COM 441339108 264 15377 SH SOLE 15377 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 1146 23133 SH SOLE 23133 0 0 HELMERICH & PAYNE INC COM 423452101 613 17996 SH SOLE 17996 0 0 HERCULES INC COM 427056106 1342 90376 SH SOLE 90376 0 0 HARRIS INTERACTIVE INC COM 414549105 109 13820 SH SOLE 13820 0 0 HEWLETT PACKARD CO COM 428236103 37427 1784802 SH SOLE 1784802 0 0 HOSPITALITY PPTYS TR COM 44106M102 205 4460 SH SOLE 4460 0 0 HEALTHCARE RLTY TR COM 421946104 598 14685 SH SOLE 14685 0 0 BLOCK H & R INC COM 093671105 4547 92802 SH SOLE 92802 0 0 HORMEL FOODS CORP COM 440452100 307 9783 SH SOLE 9783 0 0 HARSCO CORP COM 415864107 300 5380 SH SOLE 5380 0 0 HOSPIRA INC COM 441060100 2748 82017 SH SOLE 82017 0 0 HERSHEY FOODS CORP COM 427866108 7299 131421 SH SOLE 131421 0 0 HUTCHINSON TECHNOLOGY INC COM 448407106 210 6088 SH SOLE 6088 0 0 HERITAGE PPTY INVT TR INC COM 42725M107 307 9561 SH SOLE 9561 0 0 HEARTLAND EXPRESS INC COM 422347104 242 10760 SH SOLE 10760 0 0 HUBBELL INC COM 443510201 228 4358 SH SOLE 4358 0 0 HUMANA INC COM 444859102 2638 88851 SH SOLE 88851 0 0 HYPERCOM CORP COM 44913M105 67 11285 SH SOLE 11285 0 0 HYPERION SOLUTIONS CORP COM 44914M104 467 10018 SH SOLE 10018 0 0 IAC INTERACTIVECORP COM 44919P102 792 28664 SH SOLE 28664 0 0 INTEGRA LIFESCIENCES HLDGS C COM 457985208 209 5660 SH SOLE 5660 0 0 INDEPENDENT BANK CORP MICH COM 453838104 222 7448 SH SOLE 7448 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 144735 1468197 SH SOLE 1468197 0 0 INTERNET CAP GROUP INC COM 46059C205 102 11382 SH SOLE 11382 0 0 IDACORP INC COM 451107106 567 18548 SH SOLE 18548 0 0 INTERACTIVE DATA CORP COM 45840J107 258 11881 SH SOLE 11881 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 538 24357 SH SOLE 24357 0 0 INDEVUS PHARMACEUTICALS INC COM 454072109 64 10737 SH SOLE 10737 0 0 IDENTIX INC COM 451906101 196 26502 SH SOLE 26502 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 457 39515 SH SOLE 39515 0 0 IDX SYS CORP COM 449491109 204 5911 SH SOLE 5911 0 0 IDEX CORP COM 45167R104 670 16547 SH SOLE 16547 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 2042 47663 SH SOLE 47663 0 0 INTERFACE INC COM 458665106 120 12011 SH SOLE 12011 0 0 IMAGISTICS INTERNATIONAL INC COM 45247T104 221 6551 SH SOLE 6551 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 9231 268513 SH SOLE 268513 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page11 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- IHOP CORP COM 449623107 330 7888 SH SOLE 7888 0 0 INTERNAP NETWORK SVCS CORP COM 45885A102 63 67334 SH SOLE 67334 0 0 AQUILA INC COM 03840P102 515 139437 SH SOLE 139437 0 0 IMCLONE SYS INC COM 45245W109 691 15001 SH SOLE 15001 0 0 IMCLONE SYS INC Treasury 45245WAF6 276750 2999999 SH SOLE 2999999 0 0 IMPAC MTG HLDGS INC COM 45254P102 497 21902 SH SOLE 21902 0 0 IMMUNOMEDICS INC COM 452907108 39 12673 SH SOLE 12673 0 0 IMATION CORP COM 45245A107 417 13095 SH SOLE 13095 0 0 INCYTE CORP COM 45337C102 196 19622 SH SOLE 19622 0 0 INFORMATICA CORP COM 45666Q102 228 28062 SH SOLE 28062 0 0 INFOCUS CORP COM 45665B106 101 11025 SH SOLE 11025 0 0 INTERGRAPH CORP COM 458683109 235 8709 SH SOLE 8709 0 0 INKINE PHARMACEUTICALS INC COM 457214104 75 13751 SH SOLE 13751 0 0 INFOSPACE INC COM 45678T201 425 8941 SH SOLE 8941 0 0 WORLD FUEL SVCS CORP COM 981475106 214 4307 SH SOLE 4307 0 0 INTEL CORP COM 458140100 99357 4247826 SH SOLE 4247826 0 0 INTUIT COM 461202103 6241 141805 SH SOLE 141805 0 0 INTERVOICE INC NEW COM 461142101 134 10009 SH SOLE 10009 0 0 INPUT/OUTPUT INC COM 457652105 141 15985 SH SOLE 15985 0 0 IOMEGA CORP COM 462030305 74 13335 SH SOLE 13335 0 0 IONICS INC COM 462218108 217 5016 SH SOLE 5016 0 0 INTL PAPER CO COM 460146103 12227 291108 SH SOLE 291108 0 0 IPASS INC COM 46261V108 104 14037 SH SOLE 14037 0 0 INTERPUBLIC GROUP COS INC COM 460690100 3206 239265 SH SOLE 239265 0 0 IMPAX LABORATORIES INC COM 45256B101 202 12725 SH SOLE 12725 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 8984 111877 SH SOLE 111877 0 0 INVESTORS REAL ESTATE TR COM 461730103 130 12404 SH SOLE 12404 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 1282 28758 SH SOLE 28758 0 0 INTERSIL CORP COM 46069S109 299 17892 SH SOLE 17892 0 0 ISIS PHARMACEUTICALS INC COM 464330109 97 16435 SH SOLE 16435 0 0 INSPIRE PHARMACEUTICALS INC COM 457733103 229 13655 SH SOLE 13655 0 0 INTUITIVE SURGICAL INC COM 46120E602 302 7546 SH SOLE 7546 0 0 INTERNET SEC SYS INC COM 46060X107 511 21992 SH SOLE 21992 0 0 GARTNER INC COM 366651107 312 25011 SH SOLE 25011 0 0 INVESTMENT TECHNOLOGY GRP NE COM 46145F105 214 10680 SH SOLE 10680 0 0 ITT INDS INC IND COM 450911102 3972 47034 SH SOLE 47034 0 0 ILLINOIS TOOL WKS INC COM 452308109 14393 155302 SH SOLE 155302 0 0 INVACARE CORP COM 461203101 346 7472 SH SOLE 7472 0 0 INVITROGEN CORP COM 46185R100 272 4048 SH SOLE 4048 0 0 IVAX CORP COM 465823102 986 62346 SH SOLE 62346 0 0 ISHARES TR COM 464287655 1872 14459 SH SOLE 14459 0 0 INTERWOVEN INC COM 46114T508 121 11129 SH SOLE 11129 0 0 JARDEN CORP COM 471109108 274 6312 SH SOLE 6312 0 0 JABIL CIRCUIT INC COM 466313103 2671 104417 SH SOLE 104417 0 0 JETBLUE AWYS CORP COM 477143101 794 34177 SH SOLE 34177 0 0 JACK IN THE BOX INC COM 466367109 355 9615 SH SOLE 9615 0 0 JOHNSON CTLS INC COM 478366107 5755 90722 SH SOLE 90722 0 0 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 250 7249 SH SOLE 7249 0 0 PENNEY J C INC COM 708160106 6319 152640 SH SOLE 152640 0 0 JDS UNIPHASE CORP COM 46612J101 2829 892434 SH SOLE 892434 0 0 HARLAND JOHN H CO COM 412693103 485 13430 SH SOLE 13430 0 0 JACUZZI BRANDS INC COM 469865109 150 17276 SH SOLE 17276 0 0 JLG INDS INC COM 466210101 260 13268 SH SOLE 13268 0 0 JONES LANG LASALLE INC COM 48020Q107 266 7122 SH SOLE 7122 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page12 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- JOHNSON & JOHNSON COM 478160104 101876 1606369 SH SOLE 1606369 0 0 JUNIPER NETWORKS INC COM 48203R104 378 13890 SH SOLE 13890 0 0 JANUS CAP GROUP INC COM 47102X105 6056 360246 SH SOLE 360246 0 0 JONES APPAREL GROUP INC COM 480074103 2345 64120 SH SOLE 64120 0 0 JOY GLOBAL INC COM 481165108 584 13438 SH SOLE 13438 0 0 JEFFERSON PILOT CORP COM 475070108 4105 78995 SH SOLE 78995 0 0 JPMORGAN & CHASE & CO COM 46625H100 82497 2114776 SH SOLE 2114776 0 0 NORDSTROM INC COM 655664100 3418 73144 SH SOLE 73144 0 0 KELLOGG CO COM 487836108 9883 221285 SH SOLE 221285 0 0 KB HOME COM 48666K109 2607 24968 SH SOLE 24968 0 0 COLE KENNETH PRODTNS INC COM 193294105 200 6492 SH SOLE 6492 0 0 KCS ENERGY INC COM 482434206 160 10859 SH SOLE 10859 0 0 KAYDON CORP COM 486587108 344 10422 SH SOLE 10422 0 0 KEANE INC COM 486665102 283 19285 SH SOLE 19285 0 0 KEY ENERGY SVCS INC COM 492914106 453 38370 SH SOLE 38370 0 0 KELLY SVCS INC COM 488152208 262 8694 SH SOLE 8694 0 0 KEMET CORP COM 488360108 264 29489 SH SOLE 29489 0 0 KIRBY CORP COM 497266106 354 7966 SH SOLE 7966 0 0 KEYCORP NEW COM 493267108 7258 214099 SH SOLE 214099 0 0 KRAFT FOODS INC COM 50075N104 527 14800 SH SOLE 14800 0 0 KORN FERRY INTL COM 500643200 274 13209 SH SOLE 13209 0 0 KING PHARMACEUTICALS INC COM 495582108 3961 319445 SH SOLE 319445 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 224 17744 SH SOLE 17744 0 0 KLA-TENCOR CORP COM 482480100 5232 112313 SH SOLE 112313 0 0 KULICKE & SOFFA INDS INC COM 501242101 125 14540 SH SOLE 14540 0 0 KIMBERLY CLARK CORP COM 494368103 17307 262982 SH SOLE 262982 0 0 KERR MCGEE CORP COM 492386107 4534 78463 SH SOLE 78463 0 0 KINDER MORGAN INC KANS COM 49455P101 5033 68825 SH SOLE 68825 0 0 KMART HLDG CORPORATION COM 498780105 9707 98097 SH SOLE 98097 0 0 KENNAMETAL INC COM 489170100 533 10715 SH SOLE 10715 0 0 CARMAX INC COM 143130102 339 10921 SH SOLE 10921 0 0 KNIGHT TRANSN INC COM 499064103 354 14278 SH SOLE 14278 0 0 COCA COLA CO COM 191216100 64577 1550844 SH SOLE 1550844 0 0 THERMOGENESIS CORP COM 883623209 81 12715 SH SOLE 12715 0 0 KOPIN CORP COM 500600101 71 18334 SH SOLE 18334 0 0 INNKEEPERS USA TR COM 4576J0104 204 14342 SH SOLE 14342 0 0 KROGER CO COM 501044101 6817 388652 SH SOLE 388652 0 0 MBNA CORP COM 55262L100 19351 686437 SH SOLE 686437 0 0 KILROY RLTY CORP COM 49427F108 240 5607 SH SOLE 5607 0 0 KITE RLTY GROUP TR COM 49803T102 154 10069 SH SOLE 10069 0 0 KNIGHT RIDDER INC COM 499040103 2471 36908 SH SOLE 36908 0 0 KRONOS INC COM 501052104 488 9545 SH SOLE 9545 0 0 KEYSPAN CORP COM 49337W100 4665 118256 SH SOLE 118256 0 0 KOHLS CORP COM 500255104 8868 180357 SH SOLE 180357 0 0 KANSAS CITY SOUTHERN COM 485170302 242 13661 SH SOLE 13661 0 0 K2 INC COM 482732104 262 16477 SH SOLE 16477 0 0 KELLWOOD CO COM 488044108 242 7008 SH SOLE 7008 0 0 QUICKSILVER RESOURCES INC COM 74837R104 351 9531 SH SOLE 9531 0 0 LIBERTY MEDIA CORP NEW COM 530718105 18049 1643850 SH SOLE 1643850 0 0 LABRANCHE & CO INC COM 505447102 141 15749 SH SOLE 15749 0 0 LANCASTER COLONY CORP COM 513847103 415 9669 SH SOLE 9669 0 0 LIBERTY MEDIA INTL INC COM 530719103 533 11523 SH SOLE 11523 0 0 LINCOLN ELEC HLDGS INC COM 533900106 358 10360 SH SOLE 10360 0 0 LEGGETT & PLATT INC COM 524660107 3283 115491 SH SOLE 115491 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page13 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LEHMAN BROS HLDGS INC COM 524908100 17976 205489 SH SOLE 205489 0 0 LENNAR CORP COM 526057104 426 7520 SH SOLE 7520 0 0 ACCREDITED HOME LENDRS HLDG COM 00437P107 243 4891 SH SOLE 4891 0 0 LEXICON GENETICS INC COM 528872104 169 21823 SH SOLE 21823 0 0 LEXAR MEDIA INC COM 52886P104 218 27817 SH SOLE 27817 0 0 LONGVIEW FIBRE CO COM 543213102 406 22360 SH SOLE 22360 0 0 LANDAMERICA FINL GROUP INC COM 514936103 394 7310 SH SOLE 7310 0 0 LIGAND PHARMACEUTICALS INC COM 53220K207 206 17660 SH SOLE 17660 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 3550 71251 SH SOLE 71251 0 0 LAIDLAW INTL INC COM 50730R102 422 19717 SH SOLE 19717 0 0 LENNOX INTL INC COM 526107107 236 11615 SH SOLE 11615 0 0 LINENS N THINGS INC COM 535679104 304 12267 SH SOLE 12267 0 0 LIONBRIDGE TECHNOLOGIES INC COM 536252109 90 13374 SH SOLE 13374 0 0 LIZ CLAIBORNE INC COM 539320101 1829 43332 SH SOLE 43332 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 4382 59833 SH SOLE 59833 0 0 LINEAR TECHNOLOGY CORP COM 535678106 7687 198334 SH SOLE 198334 0 0 LILLY ELI & CO COM 532457108 52847 931217 SH SOLE 931217 0 0 LEGG MASON INC COM 524901105 326 4450 SH SOLE 4450 0 0 LOCKHEED MARTIN CORP COM 539830109 15902 286263 SH SOLE 286263 0 0 LINCOLN NATL CORP IND COM 534187109 4525 96926 SH SOLE 96926 0 0 CHENIERE ENERGY INC COM 16411R208 357 5598 SH SOLE 5598 0 0 LNR PPTY CORP COM 501940100 238 3779 SH SOLE 3779 0 0 LOOKSMART LTD COM 543442107 51 23088 SH SOLE 23088 0 0 LOWES COS INC COM 548661107 24068 417915 SH SOLE 417915 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 442 12693 SH SOLE 12693 0 0 LOUISIANA PAC CORP COM 546347105 1468 54894 SH SOLE 54894 0 0 LA QUINTA CORP COM 50419U202 422 46391 SH SOLE 46391 0 0 LAM RESEARCH CORP COM 512807108 634 21943 SH SOLE 21943 0 0 LABOR READY INC COM 505401208 174 10281 SH SOLE 10281 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 273 47981 SH SOLE 47981 0 0 LSI LOGIC CORP COM 502161102 1375 250838 SH SOLE 250838 0 0 LONE STAR TECHNOLOGIES INC COM 542312103 265 7916 SH SOLE 7916 0 0 LANDSTAR SYS INC COM 515098101 616 8370 SH SOLE 8370 0 0 LIMITED BRANDS INC COM 532716107 4932 214268 SH SOLE 214268 0 0 LOEWS CORP COM 540424108 7006 99654 SH SOLE 99654 0 0 LTX CORP COM 502392103 153 19924 SH SOLE 19924 0 0 LUCENT TECHNOLOGIES INC COM 549463107 9839 2616629 SH SOLE 2616629 0 0 LEUCADIA NATL CORP COM 527288104 289 4153 SH SOLE 4153 0 0 SOUTHWEST AIRLS CO COM 844741108 5723 351537 SH SOLE 351537 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 131 38748 SH SOLE 38748 0 0 LAWSON SOFTWARE INC COM 520780107 78 11412 SH SOLE 11412 0 0 LEXMARK INTL NEW COM 529771107 7593 89333 SH SOLE 89333 0 0 LEXINGTON CORP PPTYS TR COM 529043101 272 12030 SH SOLE 12030 0 0 LYONDELL CHEMICAL CO COM 552078107 1265 43758 SH SOLE 43758 0 0 MACROMEDIA INC COM 556100105 282 9062 SH SOLE 9062 0 0 MAF BANCORP INC COM 55261R108 377 8414 SH SOLE 8414 0 0 MANPOWER INC COM 56418H100 320 6619 SH SOLE 6619 0 0 MANUGISTICS GROUP INC COM 565011103 49 17242 SH SOLE 17242 0 0 MARRIOTT INTL INC NEW COM 571903202 7415 117729 SH SOLE 117729 0 0 MASCO CORP COM 574599106 10818 296127 SH SOLE 296127 0 0 MATTEL INC COM 577081102 3599 184677 SH SOLE 184677 0 0 MATTHEWS INTL CORP COM 577128101 344 9347 SH SOLE 9347 0 0 MAY DEPT STORES CO COM 577778103 4185 142359 SH SOLE 142359 0 0 MANDALAY RESORT GROUP COM 562567107 258 3667 SH SOLE 3667 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page14 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MBIA INC COM 55262C100 4669 73788 SH SOLE 73788 0 0 MCDONALDS CORP COM 580135101 21272 663514 SH SOLE 663514 0 0 MCDATA CORP COM 580031201 243 40786 SH SOLE 40786 0 0 MCG CAPITAL CORP COM 58047P107 177 10319 SH SOLE 10319 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 680 25566 SH SOLE 25566 0 0 MCI INC COM 552691107 386 19133 SH SOLE 19133 0 0 MCKESSON CORP COM 58155Q103 4820 153226 SH SOLE 153226 0 0 MOODYS CORP COM 615369105 6356 73181 SH SOLE 73181 0 0 MICREL INC COM 594793101 283 25665 SH SOLE 25665 0 0 MICROS SYS INC COM 594901100 410 5256 SH SOLE 5256 0 0 MARCUS CORP COM 566330106 244 9719 SH SOLE 9719 0 0 MEDICINES CO COM 584688105 383 13286 SH SOLE 13286 0 0 MEREDITH CORP COM 589433101 1425 26292 SH SOLE 26292 0 0 MID-STATE BANCSHARES COM 595440108 205 7164 SH SOLE 7164 0 0 MEDTRONIC INC COM 585055106 32647 657282 SH SOLE 657282 0 0 MIDCAP SPDR TR COM 595635103 2545 21035 SH SOLE 21035 0 0 MAGNA ENTMT CORP COM 559211107 70 11701 SH SOLE 11701 0 0 MEDIMMUNE INC COM 584699102 4039 148986 SH SOLE 148986 0 0 MEDAREX INC COM 583916101 239 22198 SH SOLE 22198 0 0 MELLON FINL CORP COM 58551A108 7783 250179 SH SOLE 250179 0 0 MENTOR GRAPHICS CORP COM 587200106 346 22617 SH SOLE 22617 0 0 MERRILL LYNCH & CO INC COM 590188108 29843 499296 SH SOLE 499296 0 0 MERCURY INTERACTIVE CORP COM 589405109 3935 86394 SH SOLE 86394 0 0 METLIFE INC COM 59156R108 15991 394753 SH SOLE 394753 0 0 METHODE ELECTRS INC COM 591520200 159 12352 SH SOLE 12352 0 0 MFA MTG INVTS INC COM 55272X102 206 23387 SH SOLE 23387 0 0 MCAFEE INC COM 579064106 241 8329 SH SOLE 8329 0 0 MGE ENERGY INC COM 55277P104 216 6003 SH SOLE 6003 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 262 7674 SH SOLE 7674 0 0 MOHAWK INDS INC COM 608190104 311 3410 SH SOLE 3410 0 0 MCGRAW HILL COS INC COM 580645109 9295 101535 SH SOLE 101535 0 0 MAGNUM HUNTER RES INC COM 55972F203 291 22555 SH SOLE 22555 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 5706 137160 SH SOLE 137160 0 0 MERISTAR HOSPITALITY CORP COM 58984Y103 200 23923 SH SOLE 23923 0 0 MARSHALL & ILSLEY CORP COM 571834100 5262 119040 SH SOLE 119040 0 0 VICURON PHARMACEUTICALS INC COM 926471103 256 14687 SH SOLE 14687 0 0 MICHAELS STORES INC COM 594087108 1255 41864 SH SOLE 41864 0 0 MILLIPORE CORP COM 601073109 1437 28857 SH SOLE 28857 0 0 MCCORMICK & CO INC COM 579780206 2620 67874 SH SOLE 67874 0 0 MUELLER INDS INC COM 624756102 276 8578 SH SOLE 8578 0 0 MILLENNIUM PHARMACEUTICALS I COM 599902103 1072 88275 SH SOLE 88275 0 0 MARSH & MCLENNAN COS INC COM 571748102 9683 294322 SH SOLE 294322 0 0 3M CO COM 88579Y101 37560 457661 SH SOLE 457661 0 0 MONSTER WORLDWIDE INC COM 611742107 2105 62573 SH SOLE 62573 0 0 MENTOR CORP MINN COM 587188103 358 10619 SH SOLE 10619 0 0 ALTRIA GROUP INC COM 02209S103 87744 1436071 SH SOLE 1436071 0 0 MOOG INC COM 615394202 323 7118 SH SOLE 7118 0 0 MOLEX INC COM 608554101 3070 102318 SH SOLE 102318 0 0 MONSANTO CO NEW COM 61166W101 7533 135608 SH SOLE 135608 0 0 MATRIXONE INC COM 57685P304 92 14000 SH SOLE 14000 0 0 MOSAIC CO COM 61945A107 545 33367 SH SOLE 33367 0 0 MOTOROLA INC COM 620076109 21677 1260281 SH SOLE 1260281 0 0 MPS GROUP INC COM 553409103 507 41368 SH SOLE 41368 0 0 MERCANTILE BANKSHARES CORP COM 587405101 264 5065 SH SOLE 5065 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page15 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MACDERMID INC COM 554273102 312 8638 SH SOLE 8638 0 0 MERCK & CO INC COM 589331107 42150 1311437 SH SOLE 1311437 0 0 MARATHON OIL CORP COM 565849106 6804 180905 SH SOLE 180905 0 0 MRV COMMUNICATIONS INC COM 553477100 112 30579 SH SOLE 30579 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 352 9937 SH SOLE 9937 0 0 MINE SAFETY APPLIANCES CO COM 602720104 320 6314 SH SOLE 6314 0 0 MICROSEMI CORP COM 595137100 292 16806 SH SOLE 16806 0 0 MICROSOFT CORP COM 594918104 192641 7209630 SH SOLE 7209630 0 0 MINDSPEED TECHNOLOGIES INC COM 602682106 92 33146 SH SOLE 33146 0 0 MISSION RESOURCES CORP COM 605109107 81 13817 SH SOLE 13817 0 0 M & T BK CORP COM 55261F104 6891 63902 SH SOLE 63902 0 0 MGIC INVT CORP WIS COM 552848103 3455 50136 SH SOLE 50136 0 0 MERITAGE HOMES CORP COM 59001A102 330 2931 SH SOLE 2931 0 0 MICROTEK MEDICAL HLDGS INC COM 59515B109 52 12884 SH SOLE 12884 0 0 MATTSON TECHNOLOGY INC COM 577223100 140 12524 SH SOLE 12524 0 0 MANITOWOC INC COM 563571108 404 10722 SH SOLE 10722 0 0 MINERALS TECHNOLOGIES INC COM 603158106 577 8656 SH SOLE 8656 0 0 MICRON TECHNOLOGY INC COM 595112103 16587 1343065 SH SOLE 1343065 0 0 MURPHY OIL CORP COM 626717102 399 4959 SH SOLE 4959 0 0 MICROMUSE INC COM 595094103 129 23166 SH SOLE 23166 0 0 MAVERICK TUBE CORP COM 577914104 401 13243 SH SOLE 13243 0 0 MACROVISION CORP COM 555904101 404 15692 SH SOLE 15692 0 0 MORGAN STANLEY COM 617446448 31789 572563 SH SOLE 572563 0 0 MEADWESTVACO CORP COM 583334107 3552 104806 SH SOLE 104806 0 0 MIDWAY GAMES INC COM 598148104 146 13937 SH SOLE 13937 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 9073 214041 SH SOLE 214041 0 0 MAYTAG CORP COM 578592107 869 41179 SH SOLE 41179 0 0 MYKROLIS CORP COM 62852P103 187 13212 SH SOLE 13212 0 0 MYLAN LABS INC COM 628530107 3572 202053 SH SOLE 202053 0 0 NABI BIOPHARMACEUTICALS COM 629519109 247 16872 SH SOLE 16872 0 0 NAVISTAR INTL CORP NEW COM 63934E108 1593 36232 SH SOLE 36232 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 279 5668 SH SOLE 5668 0 0 NOBLE ENERGY INC COM 655044105 222 3596 SH SOLE 3596 0 0 NABORS INDUSTRIES LTD COM G6359F103 4972 96943 SH SOLE 96943 0 0 NACCO INDS INC COM 629579103 273 2590 SH SOLE 2590 0 0 NATIONAL CITY CORP COM 635405103 13379 356297 SH SOLE 356297 0 0 NAVIGANT CONSULTING INC COM 63935N107 352 13219 SH SOLE 13219 0 0 NCO GROUP INC COM 628858102 260 10050 SH SOLE 10050 0 0 NCR CORP NEW COM 62886E108 3403 49152 SH SOLE 49152 0 0 NEIGHBORCARE INC COM 64015Y104 321 10461 SH SOLE 10461 0 0 NEWCASTLE INVT CORP COM 65105M108 319 10045 SH SOLE 10045 0 0 99 CENTS ONLY STORES COM 65440K106 293 18131 SH SOLE 18131 0 0 NORDSON CORP COM 655663102 219 5455 SH SOLE 5455 0 0 NOBLE CORPORATION COM G65422100 3461 69576 SH SOLE 69576 0 0 NEWMONT MINING CORP COM 651639106 14602 328790 SH SOLE 328790 0 0 NEW CENTURY FINANCIAL CORP M COM 6435EV108 688 10763 SH SOLE 10763 0 0 NEWPORT CORP COM 651824104 211 14973 SH SOLE 14973 0 0 NORTH FORK BANCORPORATION NY COM 659424105 7503 260074 SH SOLE 260074 0 0 NATIONAL FUEL GAS CO N J COM 636180101 282 9953 SH SOLE 9953 0 0 NOVASTAR FINL INC COM 669947400 379 7664 SH SOLE 7664 0 0 NETFLIX COM INC COM 64110L106 257 20828 SH SOLE 20828 0 0 NATIONAL FINL PARTNERS CORP COM 63607P208 469 12080 SH SOLE 12080 0 0 NEWFIELD EXPL CO COM 651290108 226 3827 SH SOLE 3827 0 0 NATIONWIDE HEALTH PPTYS INC COM 638620104 383 16115 SH SOLE 16115 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page16 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NISOURCE INC COM 65473P105 3684 161733 SH SOLE 161733 0 0 KNIGHT TRADING GROUP INC COM 499063105 500 45630 SH SOLE 45630 0 0 NEW JERSEY RES COM 646025106 448 10345 SH SOLE 10345 0 0 NIKE INC COM 654106103 14460 159447 SH SOLE 159447 0 0 NAUTILUS GROUP INC COM 63910B102 976 40385 SH SOLE 40385 0 0 NEIMAN MARCUS GROUP INC COM 640204202 323 4510 SH SOLE 4510 0 0 NMS COMMUNICATIONS CORP COM 629248105 91 14397 SH SOLE 14397 0 0 COMMERCIAL NET LEASE RLTY IN COM 202218103 407 19775 SH SOLE 19775 0 0 NORTHROP GRUMMAN CORP COM 666807102 12651 232718 SH SOLE 232718 0 0 NOKIA CORP COM 654902204 781 49861 SH SOLE 49861 0 0 NOVELL INC COM 670006105 1639 242754 SH SOLE 242754 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 303 10956 SH SOLE 10956 0 0 NPS PHARMACEUTICALS INC COM 62936P103 251 13733 SH SOLE 13733 0 0 NEWPARK RES INC COM 651718504 98 19004 SH SOLE 19004 0 0 NORFOLK SOUTHERN CORP COM 655844108 7483 206769 SH SOLE 206769 0 0 INSIGHT ENTERPRISES INC COM 45765U103 280 13641 SH SOLE 13641 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 4918 273961 SH SOLE 273961 0 0 NORTEL NETWORKS CORP NEW COM 656568102 1378 396995 SH SOLE 396995 0 0 NETWORK APPLIANCE INC COM 64120L104 7563 227666 SH SOLE 227666 0 0 NETIQ CORP COM 64115P102 147 12040 SH SOLE 12040 0 0 NTL INC DEL COM 62940M104 645 8843 SH SOLE 8843 0 0 NET2PHONE COM 64108N106 59 17338 SH SOLE 17338 0 0 NORTHERN TR CORP COM 665859104 7039 144886 SH SOLE 144886 0 0 NUCOR CORP COM 670346105 4985 95237 SH SOLE 95237 0 0 NU SKIN ENTERPRISES INC COM 67018T105 348 13709 SH SOLE 13709 0 0 NUVELO INC COM 67072M301 116 11791 SH SOLE 11791 0 0 NVIDIA CORP COM 67066G104 2206 93650 SH SOLE 93650 0 0 NOVELLUS SYS INC COM 670008101 3016 108131 SH SOLE 108131 0 0 NORTHWEST AIRLS CORP COM 667280101 229 20990 SH SOLE 20990 0 0 NORTHWEST AIRLS CORP Treasury 667280AC5 167450 1700000 SH SOLE 1700000 0 0 NEWELL RUBBERMAID INC COM 651229106 3464 143212 SH SOLE 143212 0 0 NORTHWEST NAT GAS CO COM 667655104 366 10840 SH SOLE 10840 0 0 NEWS CORP COM 65248E104 25347 1358371 SH SOLE 1358371 0 0 QUANEX CORP COM 747620102 326 4755 SH SOLE 4755 0 0 NEXTEL COMMUNICATIONS INC COM 65332V103 24513 816831 SH SOLE 816831 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 264 12849 SH SOLE 12849 0 0 NEW YORK TIMES CO COM 650111107 3097 75898 SH SOLE 75898 0 0 REALTY INCOME CORP COM 756109104 559 11057 SH SOLE 11057 0 0 OHIO CAS CORP COM 677240103 481 20732 SH SOLE 20732 0 0 OCULAR SCIENCES INC COM 675744106 230 4688 SH SOLE 4688 0 0 OCWEN FINL CORP COM 675746101 136 14179 SH SOLE 14179 0 0 OFFICE DEPOT INC COM 676220106 2864 164977 SH SOLE 164977 0 0 CORPORATE OFFICE PPTYS TR COM 22002T108 431 14696 SH SOLE 14696 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 178 15097 SH SOLE 15097 0 0 OIL SVC HOLDRS TR COM 678002106 42535 500000 SH SOLE 500000 0 0 OCEANEERING INTL INC COM 675232102 242 6486 SH SOLE 6486 0 0 OLIN CORP COM 680665205 511 23186 SH SOLE 23186 0 0 OMNICOM GROUP INC COM 681919106 6492 76998 SH SOLE 76998 0 0 OM GROUP INC COM 670872100 252 7767 SH SOLE 7767 0 0 OWENS & MINOR INC NEW COM 690732102 379 13437 SH SOLE 13437 0 0 OMNOVA SOLUTIONS INC COM 682129101 68 12104 SH SOLE 12104 0 0 OFFICEMAX INC DEL COM 67622P101 1460 46519 SH SOLE 46519 0 0 OLD NATL BANCORP IND COM 680033107 646 24992 SH SOLE 24992 0 0 ON SEMICONDUCTOR CORP COM 682189105 151 33230 SH SOLE 33230 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page17 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ONYX PHARMACEUTICALS INC COM 683399109 315 9733 SH SOLE 9733 0 0 OPLINK COMMUNICATIONS INC COM 68375Q106 66 33365 SH SOLE 33365 0 0 OPSWARE INC COM 68383A101 86 11713 SH SOLE 11713 0 0 OPENWAVE SYS INC COM 683718308 239 15453 SH SOLE 15453 0 0 ORACLE CORP COM 68389X105 38431 2801112 SH SOLE 2801112 0 0 ORIGEN FINL INC COM 68619E208 160 21366 SH SOLE 21366 0 0 OLD REP INTL CORP COM 680223104 265 10457 SH SOLE 10457 0 0 OREGON STL MLS INC COM 686079104 209 10314 SH SOLE 10314 0 0 OSCIENT PHARMACEUTICALS CORP COM 68812R105 79 21561 SH SOLE 21561 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 528 9574 SH SOLE 9574 0 0 OUTBACK STEAKHOUSE INC COM 689899102 203 4443 SH SOLE 4443 0 0 OSI PHARMACEUTICALS INC COM 671040103 36428 486681 SH SOLE 486681 0 0 OVERSTOCK COM INC DEL COM 690370101 341 4937 SH SOLE 4937 0 0 ORASURE TECHNOLOGIES INC COM 68554V108 78 11574 SH SOLE 11574 0 0 OTTER TAIL CORP COM 689648103 279 10929 SH SOLE 10929 0 0 OVERNITE CORP COM 690322102 209 5618 SH SOLE 5618 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 661 35995 SH SOLE 35995 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 11400 195346 SH SOLE 195346 0 0 PHARMOS CORP COM 717139208 42 29355 SH SOLE 29355 0 0 PAYCHEX INC COM 704326107 7456 218787 SH SOLE 218787 0 0 PEPSI BOTTLING GROUP INC COM 713409100 3913 144717 SH SOLE 144717 0 0 PITNEY BOWES INC COM 724479100 4513 97509 SH SOLE 97509 0 0 PROVIDENT BANKSHARES CORP COM 743859100 392 10790 SH SOLE 10790 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 606 15232 SH SOLE 15232 0 0 PEP BOYS MANNY MOE & JACK COM 713278109 252 14768 SH SOLE 14768 0 0 PACCAR INC COM 693718108 6437 79977 SH SOLE 79977 0 0 PACIFIC CAP BANCORP NEW COM 69404P101 497 14624 SH SOLE 14624 0 0 PG&E CORP COM 69331C108 6845 205683 SH SOLE 205683 0 0 POTLATCH CORP COM 737628107 521 10296 SH SOLE 10296 0 0 PLUM CREEK TIMBER CO INC COM 729251108 4075 106010 SH SOLE 106010 0 0 PINNACLE SYS INC COM 723481107 90 14757 SH SOLE 14757 0 0 PRECISION CASTPARTS CORP COM 740189105 261 3973 SH SOLE 3973 0 0 PHELPS DODGE CORP COM 717265102 4552 46015 SH SOLE 46015 0 0 PATTERSON COMPANIES INC COM 703395103 662 15250 SH SOLE 15250 0 0 PLACER DOME INC COM 725906101 1088 57700 SH SOLE 57700 0 0 PEDIATRIX MED GROUP COM 705324101 485 7579 SH SOLE 7579 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 6369 123021 SH SOLE 123021 0 0 PENNSYLVANIA RL ESTATE INVT COM 709102107 407 9510 SH SOLE 9510 0 0 PENN NATL GAMING INC COM 707569109 443 7315 SH SOLE 7315 0 0 PEPSICO INC COM 713448108 47860 916861 SH SOLE 916861 0 0 PEROT SYS CORP COM 714265105 335 20878 SH SOLE 20878 0 0 PETSMART INC COM 716768106 542 15243 SH SOLE 15243 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 311 5520 SH SOLE 5520 0 0 PFIZER INC COM 717081103 119893 4458634 SH SOLE 4458634 0 0 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 6623 161784 SH SOLE 161784 0 0 PERFORMANCE FOOD GROUP CO COM 713755106 350 13014 SH SOLE 13014 0 0 PROVIDENT FINL SVCS INC COM 74386T105 438 22587 SH SOLE 22587 0 0 PROCTER & GAMBLE CO COM 742718109 77911 1414512 SH SOLE 1414512 0 0 PEOPLES ENERGY CORP COM 711030106 1301 29594 SH SOLE 29594 0 0 PROGRESS ENERGY INC COM 743263105 8211 181493 SH SOLE 181493 0 0 PROGRESSIVE CORP OHIO COM 743315103 8747 103098 SH SOLE 103098 0 0 PARKER HANNIFIN CORP COM 701094104 4969 65607 SH SOLE 65607 0 0 PHILADELPHIA CONS HLDG CORP COM 717528103 391 5915 SH SOLE 5915 0 0 PULTE HOMES INC COM 745867101 4473 70110 SH SOLE 70110 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page18 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PACIFICARE HEALTH SYS DEL COM 695112102 289 5112 SH SOLE 5112 0 0 PIPER JAFFRAY COS COM 724078100 248 5177 SH SOLE 5177 0 0 PARKER DRILLING CO COM 701081101 125 31786 SH SOLE 31786 0 0 PERKINELMER INC COM 714046109 1487 66126 SH SOLE 66126 0 0 SIX FLAGS INC COM 83001P109 138 25681 SH SOLE 25681 0 0 POSCO COM 693483109 517 11600 SH SOLE 11600 0 0 PROTECTIVE LIFE CORP COM 743674103 255 5968 SH SOLE 5968 0 0 PROLOGIS COM 743410102 4243 97925 SH SOLE 97925 0 0 PALL CORP COM 696429307 1832 63297 SH SOLE 63297 0 0 POLYMEDICA CORP COM 731738100 266 7122 SH SOLE 7122 0 0 PALMONE INC COM 69713P107 686 21749 SH SOLE 21749 0 0 PLUG POWER INC COM 72919P103 86 14108 SH SOLE 14108 0 0 PLEXUS CORP COM 729132100 206 15838 SH SOLE 15838 0 0 PMC-SIERRA INC COM 69344F106 1215 108018 SH SOLE 108018 0 0 PMI GROUP INC COM 69344M101 226 5415 SH SOLE 5415 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173100 1296 219956 SH SOLE 219956 0 0 PNC FINL SVCS GROUP INC COM 693475105 7283 126799 SH SOLE 126799 0 0 PINNACLE ENTMT INC COM 723456109 223 11254 SH SOLE 11254 0 0 PNM RES INC COM 69349H107 949 37523 SH SOLE 37523 0 0 PENTAIR INC COM 709631105 214 4905 SH SOLE 4905 0 0 PANERA BREAD CO COM 69840W108 323 8018 SH SOLE 8018 0 0 PINNACLE WEST CAP CORP COM 723484101 2103 47362 SH SOLE 47362 0 0 PHOENIX COS INC NEW COM 71902E109 313 25003 SH SOLE 25003 0 0 PIEDMONT NAT GAS INC COM 720186105 234 10088 SH SOLE 10088 0 0 POLYONE CORP COM 73179P106 248 27388 SH SOLE 27388 0 0 SCP POOL CORP COM 784028102 486 15230 SH SOLE 15230 0 0 CATALINA MARKETING CORP COM 148867104 588 19839 SH SOLE 19839 0 0 PRENTISS PPTYS TR COM 740706106 296 7751 SH SOLE 7751 0 0 PPG INDS INC COM 693506107 6295 92356 SH SOLE 92356 0 0 PHARMACEUTICAL HLDRS TR COM 71712A206 6309 86799 SH SOLE 86799 0 0 PEREGRINE PHARMACEUTICALS IN COM 713661106 52 44167 SH SOLE 44167 0 0 PPL CORP COM 69351T106 4583 86024 SH SOLE 86024 0 0 POST PPTYS INC COM 737464107 357 10230 SH SOLE 10230 0 0 PROQUEST COMPANY COM 74346P102 347 11699 SH SOLE 11699 0 0 PRICE COMMUNICATIONS CORP COM 741437305 344 18514 SH SOLE 18514 0 0 PROASSURANCE CORP COM 74267C106 322 8241 SH SOLE 8241 0 0 PRAECIS PHARMACEUTICALS INC COM 739421105 44 22953 SH SOLE 22953 0 0 PERRIGO CO COM 714290103 428 24807 SH SOLE 24807 0 0 PROGRESS SOFTWARE CORP COM 743312100 209 8954 SH SOLE 8954 0 0 PRG-SCHULTZ INTERNATIONAL IN COM 69357C107 57 11413 SH SOLE 11413 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 6272 260261 SH SOLE 260261 0 0 ALCOA INC COM 013817101 15388 489746 SH SOLE 489746 0 0 AIRTRAN HLDGS INC COM 00949P108 301 28150 SH SOLE 28150 0 0 AIRTRAN HLDGS INC Treasury 00949PAB4 879125 6500000 SH SOLE 6500000 0 0 APPLE COMPUTER INC COM 037833100 22163 344146 SH SOLE 344146 0 0 AMERISOURCEBERGEN CORP COM 03073E105 8343 142175 SH SOLE 142175 0 0 ANCHOR BANCORP WIS INC COM 032839102 227 7792 SH SOLE 7792 0 0 ARKANSAS BEST CORP DEL COM 040790107 250 5575 SH SOLE 5575 0 0 ABGENIX INC COM 00339B107 309 29853 SH SOLE 29853 0 0 APPLERA CORP COM 038020103 2092 100071 SH SOLE 100071 0 0 AMBAC FINL GROUP INC COM 023139108 4809 58555 SH SOLE 58555 0 0 ABM INDS INC COM 000957100 246 12453 SH SOLE 12453 0 0 ARBOR RLTY TR INC COM 038923108 320 13030 SH SOLE 13030 0 0 ALBERTSONS INC COM 013104104 4412 184740 SH SOLE 184740 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page19 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ABBOTT LABS COM 002824100 39224 840816 SH SOLE 840816 0 0 AUTOBYTEL INC COM 05275N106 91 15093 SH SOLE 15093 0 0 BARRICK GOLD CORP COM 067901108 1361 56200 SH SOLE 56200 0 0 AMERICAN CAMPUS CMNTYS INC COM 024835100 378 16805 SH SOLE 16805 0 0 ACE LTD COM G0070K103 6345 148418 SH SOLE 148418 0 0 AMERICREDIT CORP COM 03060R101 206 8442 SH SOLE 8442 0 0 AXCELIS TECHNOLOGIES INC COM 054540109 244 30035 SH SOLE 30035 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 3968 65920 SH SOLE 65920 0 0 ACTUATE CORP COM 00508B102 35 13719 SH SOLE 13719 0 0 ALBERTO CULVER CO COM 013068101 2405 49507 SH SOLE 49507 0 0 ADVO INC COM 007585102 390 10926 SH SOLE 10926 0 0 ADOBE SYS INC COM 00724F101 9035 144010 SH SOLE 144010 0 0 A D C TELECOMMUNICATIONS COM 000886101 1145 427419 SH SOLE 427419 0 0 ANALOG DEVICES INC COM 032654105 7973 215946 SH SOLE 215946 0 0 ADVANCED DIGITAL INFORMATION COM 007525108 214 21331 SH SOLE 21331 0 0 ADOLOR CORP COM 00724X102 114 11535 SH SOLE 11535 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 7895 353862 SH SOLE 353862 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 13376 301606 SH SOLE 301606 0 0 ADAPTEC INC COM 00651F108 246 32406 SH SOLE 32406 0 0 ANDRX CORP DEL COM 034553107 430 19700 SH SOLE 19700 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 236 4979 SH SOLE 4979 0 0 AUTODESK INC COM 052769106 5148 135639 SH SOLE 135639 0 0 AMEREN CORP COM 023608102 5934 118340 SH SOLE 118340 0 0 AMERICAN ELEC PWR INC COM 025537101 7487 218031 SH SOLE 218031 0 0 AES CORP COM 00130H105 4552 333020 SH SOLE 333020 0 0 AETNA INC NEW COM 00817Y108 10013 80261 SH SOLE 80261 0 0 AFLAC INC COM 001055102 10917 274013 SH SOLE 274013 0 0 AMERICAN FINL RLTY TR COM 02607P305 388 24010 SH SOLE 24010 0 0 EDWARDS AG INC COM 281760108 326 7547 SH SOLE 7547 0 0 ALLIANCE GAMING CORP COM 01859P609 191 13825 SH SOLE 13825 0 0 AGILE SOFTWARE CORP DEL COM 00846X105 123 15093 SH SOLE 15093 0 0 ATHEROGENICS INC COM 047439104 234 9917 SH SOLE 9917 0 0 ALLERGAN INC COM 018490102 5743 70845 SH SOLE 70845 0 0 AMERIGROUP CORP COM 03073T102 540 7140 SH SOLE 7140 0 0 ARGOSY GAMING CO COM 040228108 312 6683 SH SOLE 6683 0 0 ARMOR HOLDINGS INC COM 042260109 320 6811 SH SOLE 6811 0 0 AMERADA HESS CORP COM 023551104 4453 54056 SH SOLE 54056 0 0 APRIA HEALTHCARE GROUP INC COM 037933108 567 17209 SH SOLE 17209 0 0 AMERICAN HOME MTG INVT CORP COM 02660R107 241 7042 SH SOLE 7042 0 0 ANTHRACITE CAP INC COM 037023108 241 19507 SH SOLE 19507 0 0 AMERICAN INTL GROUP INC COM 026874107 97058 1477972 SH SOLE 1477972 0 0 ALBANY INTL CORP COM 012348108 290 8250 SH SOLE 8250 0 0 APOLLO INVT CORP COM 03761U106 237 15702 SH SOLE 15702 0 0 AAR CORP COM 000361105 181 13296 SH SOLE 13296 0 0 APPLIED INDL TECHNOLOGIES IN COM 03820C105 272 9928 SH SOLE 9928 0 0 APARTMENT INVT & MGMT CO COM 03748R101 1638 42506 SH SOLE 42506 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 3697 283711 SH SOLE 283711 0 0 AK STL HLDG CORP COM 001547108 418 28895 SH SOLE 28895 0 0 ALABAMA NATL BANCORP DELA COM 010317105 201 3106 SH SOLE 3106 0 0 ALBEMARLE CORP COM 012653101 697 18018 SH SOLE 18018 0 0 ALEXANDER & BALDWIN INC COM 014482103 577 13604 SH SOLE 13604 0 0 ALIGN TECHNOLOGY INC COM 016255101 146 13585 SH SOLE 13585 0 0 ALASKA AIR GROUP INC COM 011659109 334 9983 SH SOLE 9983 0 0 ALASKA AIR GROUP INC Treasury 011659AG4 1107920 8000000 SH SOLE 8000000 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page20 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ALKERMES INC COM 01642T108 341 24235 SH SOLE 24235 0 0 ALLSTATE CORP COM 020002101 31877 616330 SH SOLE 616330 0 0 ALLOY INC COM 019855105 83 10248 SH SOLE 10248 0 0 ALTERA CORP COM 021441100 4717 227881 SH SOLE 227881 0 0 AMERICAN GREETINGS CORP COM 026375105 595 23459 SH SOLE 23459 0 0 APPLIED MATLS INC COM 038222105 25528 1492861 SH SOLE 1492861 0 0 AMB PROPERTY CORP COM 00163T109 243 6028 SH SOLE 6028 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W109 836 198517 SH SOLE 198517 0 0 ADVANCED MICRO DEVICES INC COM 007903107 10033 455623 SH SOLE 455623 0 0 ADVANCED MICRO DEVICES INC Treasury 007903AE7 947719 8250000 SH SOLE 8250000 0 0 AMCORE FINL INC COM 023912108 372 11555 SH SOLE 11555 0 0 AMGEN INC COM 031162100 53708 837221 SH SOLE 837221 0 0 AMERUS GROUP CO COM 03072M108 595 13136 SH SOLE 13136 0 0 AMERICAN HEALTHWAYS INC COM 02649V104 255 7706 SH SOLE 7706 0 0 AMLI RESIDENTIAL PPTYS TR COM 001735109 283 8830 SH SOLE 8830 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 581 24873 SH SOLE 24873 0 0 AMERICAN MED SYS HLDGS INC COM 02744M108 268 6398 SH SOLE 6398 0 0 AMR CORP COM 001765106 5475 500000 SH SOLE 500000 0 0 AMR CORP Treasury 001765BA3 222500 2500000 SH SOLE 2500000 0 0 AMSURG CORP COM 03232P405 266 9008 SH SOLE 9008 0 0 AMERITRADE HLDG CORP NEW COM 03074K100 277 19470 SH SOLE 19470 0 0 AMERICA MOVIL S A DE C V COM 02364W105 1926 36800 SH SOLE 36800 0 0 AMAZON COM INC COM 023135106 4445 100372 SH SOLE 100372 0 0 AUTONATION INC COM 05329W102 2435 126777 SH SOLE 126777 0 0 ANDREW CORP COM 034425108 1357 99541 SH SOLE 99541 0 0 ABERCROMBIE & FITCH CO COM 002896207 1158 24655 SH SOLE 24655 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 145 13517 SH SOLE 13517 0 0 ANNTAYLOR STORES CORP COM 036115103 376 17459 SH SOLE 17459 0 0 ADVANCED NEUROMODULATION SYS COM 00757T101 214 5423 SH SOLE 5423 0 0 ANSWERTHINK INC COM 036916104 58 12343 SH SOLE 12343 0 0 ANSYS INC COM 03662Q105 295 9204 SH SOLE 9204 0 0 ANTEON INTL CORP COM 03674E108 332 7923 SH SOLE 7923 0 0 AON CORP COM 037389103 4086 171231 SH SOLE 171231 0 0 SMITH A O COM 831865209 204 6828 SH SOLE 6828 0 0 APACHE CORP COM 037411105 8484 167772 SH SOLE 167772 0 0 ANADARKO PETE CORP COM 032511107 10557 162890 SH SOLE 162890 0 0 AMERICAN PWR CONVERSION CORP COM 029066107 2270 106085 SH SOLE 106085 0 0 ALAMOSA HLDGS INC COM 011589108 279 22360 SH SOLE 22360 0 0 AIR PRODS & CHEMS INC COM 009158106 7181 123874 SH SOLE 123874 0 0 APOLLO GROUP INC COM 037604105 8381 103847 SH SOLE 103847 0 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 342 9142 SH SOLE 9142 0 0 AQUANTIVE INC COM 03839G105 127 14201 SH SOLE 14201 0 0 ARBITRON INC COM 03875Q108 329 8387 SH SOLE 8387 0 0 ARIBA INC COM 04033V203 271 16349 SH SOLE 16349 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 697 9362 SH SOLE 9362 0 0 AIRGAS INC COM 009363102 551 20794 SH SOLE 20794 0 0 ARIAD PHARMACEUTICALS INC COM 04033A100 110 14740 SH SOLE 14740 0 0 ARCH CHEMICALS INC COM 03937R102 223 7759 SH SOLE 7759 0 0 ARVINMERITOR INC COM 043353101 498 22259 SH SOLE 22259 0 0 AEROPOSTALE COM 007865108 583 19809 SH SOLE 19809 0 0 ARRIS GROUP INC COM 04269Q100 172 24479 SH SOLE 24479 0 0 AEROFLEX INC COM 007768104 218 18022 SH SOLE 18022 0 0 ASSOCIATED BANC CORP COM 045487105 207 6222 SH SOLE 6222 0 0 ASCENTIAL SOFTWARE CORP COM 04362P207 338 20748 SH SOLE 20748 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page21 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMERICAN STD COS INC DEL COM 029712106 4801 116187 SH SOLE 116187 0 0 ASHLAND INC COM 044204105 2259 38694 SH SOLE 38694 0 0 ASIAINFO HLDGS INC COM 04518A104 74 12358 SH SOLE 12358 0 0 ASK JEEVES INC COM 045174109 541 20219 SH SOLE 20219 0 0 ARCHSTONE SMITH TR COM 039583109 3882 101361 SH SOLE 101361 0 0 AMSOUTH BANCORPORATION COM 032165102 4820 186111 SH SOLE 186111 0 0 ASPECT COMMUNICATIONS CORP COM 04523Q102 146 13112 SH SOLE 13112 0 0 ASYST TECHNOLOGY CORP COM 04648X107 80 15725 SH SOLE 15725 0 0 ALLTEL CORP COM 020039103 9523 162061 SH SOLE 162061 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 1730 79850 SH SOLE 79850 0 0 ATMEL CORP COM 049513104 163 41513 SH SOLE 41513 0 0 ATMOS ENERGY CORP COM 049560105 540 19741 SH SOLE 19741 0 0 APTARGROUP INC COM 038336103 635 12032 SH SOLE 12032 0 0 ALTIRIS INC COM 02148M100 221 6248 SH SOLE 6248 0 0 ACTUANT CORP COM 00508X203 425 8148 SH SOLE 8148 0 0 ATWOOD OCEANICS INC COM 050095108 204 3921 SH SOLE 3921 0 0 ATI TECHNOLOGIES INC COM 001941103 228 11781 SH SOLE 11781 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 298 8200 SH SOLE 8200 0 0 AVAYA INC COM 053499109 4134 240333 SH SOLE 240333 0 0 AVISTA CORP COM 05379B107 247 14000 SH SOLE 14000 0 0 AVANT IMMUNOTHERAPEUTICS INC COM 053491106 52 25715 SH SOLE 25715 0 0 AVANEX CORP COM 05348W109 101 30600 SH SOLE 30600 0 0 ADVANCED MEDICAL OPTICS INC COM 00763M108 429 10420 SH SOLE 10420 0 0 AVON PRODS INC COM 054303102 9633 248916 SH SOLE 248916 0 0 AVERY DENNISON CORP COM 053611109 3520 58698 SH SOLE 58698 0 0 ALLIED WASTE INDS INC COM 019589308 1229 132422 SH SOLE 132422 0 0 ANIXTER INTL INC COM 035290105 313 8698 SH SOLE 8698 0 0 AMERICAN EXPRESS CO COM 025816109 39714 704515 SH SOLE 704515 0 0 AXONYX INC COM 05461R101 74 11952 SH SOLE 11952 0 0 ALLEGHENY ENERGY INC COM 017361106 1592 80783 SH SOLE 80783 0 0 ACUITY BRANDS INC COM 00508Y102 363 11425 SH SOLE 11425 0 0 AUTOZONE INC COM 053332102 4810 52682 SH SOLE 52682 0 0 ASPEN TECHNOLOGY INC COM 045327103 79 12742 SH SOLE 12742 0 0 AZTAR CORP COM 054802103 393 11247 SH SOLE 11247 0 0 BOEING CO COM 097023105 29430 568470 SH SOLE 568470 0 0 BRITISH AWYS PLC COM 110419306 560 12400 SH SOLE 12400 0 0 BANK OF AMERICA CORPORATION COM 060505104 103331 2198997 SH SOLE 2198997 0 0 BAXTER INTL INC COM 071813109 10975 317755 SH SOLE 317755 0 0 BED BATH & BEYOND INC COM 075896100 7600 190807 SH SOLE 190807 0 0 BIOTECH HOLDERS TR COM 09067D201 9756 63800 SH SOLE 63800 0 0 BB&T CORP COM 054937107 12601 299674 SH SOLE 299674 0 0 BANKATLANTIC BANCORP COM 065908501 247 12401 SH SOLE 12401 0 0 BEST BUY INC COM 086516101 10451 175884 SH SOLE 175884 0 0 BRUNSWICK CORP COM 117043109 2532 51157 SH SOLE 51157 0 0 BCE INC COM 05534B109 545 22600 SH SOLE 22600 0 0 BARD C R INC COM 067383109 3486 54483 SH SOLE 54483 0 0 BELDEN CDT INC COM 077454106 341 14689 SH SOLE 14689 0 0 BANDAG INC COM 059815100 242 4861 SH SOLE 4861 0 0 BLACK & DECKER CORP COM 091797100 3574 40457 SH SOLE 40457 0 0 BRANDYWINE RLTY TR COM 105368203 329 11203 SH SOLE 11203 0 0 BECTON DICKINSON & CO COM 075887109 7731 136106 SH SOLE 136106 0 0 BEA SYS INC COM 073325102 637 71885 SH SOLE 71885 0 0 BE AEROSPACE INC COM 073302101 190 16339 SH SOLE 16339 0 0 BECKMAN COULTER INC COM 075811109 289 4319 SH SOLE 4319 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page22 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FRANKLIN RES INC COM 354613101 9298 133491 SH SOLE 133491 0 0 BEVERLY ENTERPRISES INC COM 087851309 232 25362 SH SOLE 25362 0 0 BALDOR ELEC CO COM 057741100 216 7843 SH SOLE 7843 0 0 BROWN FORMAN CORP COM 115637209 3564 73206 SH SOLE 73206 0 0 BRIGHT HORIZON FAMILY SOLUTI COM 109195107 213 3284 SH SOLE 3284 0 0 GENERAL CABLE CORP DEL NEW COM 369300108 155 11164 SH SOLE 11164 0 0 BENCHMARK ELECTRS INC COM 08160H101 441 12924 SH SOLE 12924 0 0 BAKER HUGHES INC COM 057224107 7331 171811 SH SOLE 171811 0 0 SOTHEBYS HLDGS INC COM 835898107 392 21610 SH SOLE 21610 0 0 BIOGEN IDEC INC COM 09062X103 13647 204877 SH SOLE 204877 0 0 BIO RAD LABS INC COM 090572207 444 7735 SH SOLE 7735 0 0 BJ SVCS CO COM 055482103 3977 85445 SH SOLE 85445 0 0 BANK NEW YORK INC COM 064057102 21718 649861 SH SOLE 649861 0 0 BLACK HILLS CORP COM 092113109 390 12721 SH SOLE 12721 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 131 10036 SH SOLE 10036 0 0 BANK MUTUAL CORP NEW COM 063750103 416 34177 SH SOLE 34177 0 0 BANKUNITED FINL CORP COM 06652B103 226 7072 SH SOLE 7072 0 0 BELO CORP COM 080555105 230 8782 SH SOLE 8782 0 0 BIG LOTS INC COM 089302103 717 59081 SH SOLE 59081 0 0 BALL CORP COM 058498106 2559 58196 SH SOLE 58196 0 0 BELLSOUTH CORP COM 079860102 48946 1761264 SH SOLE 1761264 0 0 IMMUCOR INC COM 452526106 337 14337 SH SOLE 14337 0 0 BMC SOFTWARE INC COM 055921100 2369 127345 SH SOLE 127345 0 0 BIOMET INC COM 090613100 6902 159070 SH SOLE 159070 0 0 BIOMED REALTY TRUST INC COM 09063H107 294 13251 SH SOLE 13251 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 111 17324 SH SOLE 17324 0 0 BEMIS INC COM 081437105 1792 61585 SH SOLE 61585 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 29074 1134827 SH SOLE 1134827 0 0 BANTA CORP COM 066821109 435 9714 SH SOLE 9714 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 9361 197867 SH SOLE 197867 0 0 BANKNORTH GROUP INC NEW COM 06646R107 351 9590 SH SOLE 9590 0 0 BOB EVANS FARMS INC COM 096761101 338 12934 SH SOLE 12934 0 0 BAUSCH & LOMB INC COM 071707103 1726 26783 SH SOLE 26783 0 0 BORLAND SOFTWARE CORP COM 099849101 280 23987 SH SOLE 23987 0 0 BOWATER INC COM 102183100 870 19796 SH SOLE 19796 0 0 BP PLC COM 055622104 616 10550 SH SOLE 10550 0 0 BURLINGTON RES INC COM 122014103 8684 199627 SH SOLE 199627 0 0 BRADY CORP COM 104674106 423 6752 SH SOLE 6752 0 0 BROCADE COMMUNICATIONS SYS I COM 111621108 1257 164590 SH SOLE 164590 0 0 BROADCOM CORP COM 111320107 5953 184419 SH SOLE 184419 0 0 BROOKLINE BANCORP INC DEL COM 11373M107 215 13174 SH SOLE 13174 0 0 BROOKS AUTOMATION INC COM 114340102 197 11457 SH SOLE 11457 0 0 BARR PHARMACEUTICALS INC COM 068306109 249 5456 SH SOLE 5456 0 0 BERRY PETE CO COM 085789105 270 5650 SH SOLE 5650 0 0 BEAR STEARNS COS INC COM 073902108 5787 56559 SH SOLE 56559 0 0 BISYS GROUP INC COM 055472104 707 42958 SH SOLE 42958 0 0 BOSTON SCIENTIFIC CORP COM 101137107 22321 627865 SH SOLE 627865 0 0 BLYTH INC COM 09643P108 364 12318 SH SOLE 12318 0 0 PEABODY ENERGY CORP COM 704549104 338 4174 SH SOLE 4174 0 0 ANHEUSER BUSCH COS INC COM 035229103 23026 453893 SH SOLE 453893 0 0 BIOVAIL CORP COM 09067J109 775 46900 SH SOLE 46900 0 0 BORG WARNER INC COM 099724106 224 4141 SH SOLE 4141 0 0 BROADWING CORP COM 11161E101 144 15755 SH SOLE 15755 0 0 BROWN SHOE INC NEW COM 115736100 220 7362 SH SOLE 7362 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page23 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BANCORPSOUTH INC COM 059692103 534 21907 SH SOLE 21907 0 0 BOYD GAMING CORP COM 103304101 751 18043 SH SOLE 18043 0 0 BEAZER HOMES USA INC COM 07556Q105 574 3925 SH SOLE 3925 0 0 CITIGROUP INC COM 172967101 151413 3142653 SH SOLE 3142653 0 0 COMPUTER ASSOC INTL INC COM 204912109 11770 378958 SH SOLE 378958 0 0 CONAGRA FOODS INC COM 205887102 6580 223440 SH SOLE 223440 0 0 CARDINAL HEALTH INC COM 14149Y108 15943 274177 SH SOLE 274177 0 0 CACI INTL INC COM 127190304 572 8400 SH SOLE 8400 0 0 CONTINENTAL AIRLS INC COM 210795308 224 16574 SH SOLE 16574 0 0 CAPITAL AUTOMOTIVE REIT COM 139733109 320 8996 SH SOLE 8996 0 0 CASEYS GEN STORES INC COM 147528103 286 15769 SH SOLE 15769 0 0 CATERPILLAR INC DEL COM 149123101 21105 216443 SH SOLE 216443 0 0 CATHAY GENERAL BANCORP COM 149150104 385 10271 SH SOLE 10271 0 0 CHUBB CORP COM 171232101 7632 99241 SH SOLE 99241 0 0 CINCINNATI BELL INC NEW COM 171871106 334 80460 SH SOLE 80460 0 0 CITIZENS BKG CORP MICH COM 174420109 394 11472 SH SOLE 11472 0 0 COOPER INDS LTD COM G24182100 3236 47668 SH SOLE 47668 0 0 CB RICHARD ELLIS GROUP INC COM 12497T101 251 7470 SH SOLE 7470 0 0 COMMERCE BANCORP INC NJ COM 200519106 271 4203 SH SOLE 4203 0 0 CENTURY BUSINESS SVCS INC COM 156490104 71 16185 SH SOLE 16185 0 0 CAMBREX CORP COM 132011107 217 8004 SH SOLE 8004 0 0 CIBER INC COM 17163B102 157 16301 SH SOLE 16301 0 0 CBRL GROUP INC COM 12489V106 727 17366 SH SOLE 17366 0 0 COMPASS BANCSHARES INC COM 20449H109 3141 64540 SH SOLE 64540 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 136 11526 SH SOLE 11526 0 0 COMMUNITY BK SYS INC COM 203607106 309 10921 SH SOLE 10921 0 0 CIRCUIT CITY STORE INC COM 172737108 1523 97366 SH SOLE 97366 0 0 COMMERCIAL CAP BANCORP INC COM 20162L105 223 9621 SH SOLE 9621 0 0 C COR INC COM 125010108 136 14636 SH SOLE 14636 0 0 COCA COLA ENTERPRISES INC COM 191219104 5279 253193 SH SOLE 253193 0 0 CROWN HOLDINGS INC COM 228368106 683 49738 SH SOLE 49738 0 0 CARNIVAL CORP COM 143658300 20536 356341 SH SOLE 356341 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 806 20122 SH SOLE 20122 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 13482 402570 SH SOLE 402570 0 0 CENDANT CORP COM 151313103 10996 470305 SH SOLE 470305 0 0 COEUR D ALENE MINES CORP IDA COM 192108108 283 72007 SH SOLE 72007 0 0 CAL DIVE INTL INC COM 127914109 363 8911 SH SOLE 8911 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 175 12669 SH SOLE 12669 0 0 CEDAR SHOPPING CTRS INC COM 150602209 171 11950 SH SOLE 11950 0 0 C D W CORP COM 12512N105 486 7322 SH SOLE 7322 0 0 CEC ENTMT INC COM 125137109 458 11467 SH SOLE 11467 0 0 CAREER EDUCATION CORP COM 141665109 395 9870 SH SOLE 9870 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 4537 103808 SH SOLE 103808 0 0 CELL GENESYS INC COM 150921104 116 14351 SH SOLE 14351 0 0 CELGENE CORP COM 151020104 1759 66337 SH SOLE 66337 0 0 CELGENE CORP Treasury 151020AC8 1430000 11000000 SH SOLE 11000000 0 0 CEPHALON INC COM 156708109 709 13941 SH SOLE 13941 0 0 CERNER CORP COM 156782104 373 7008 SH SOLE 7008 0 0 CERTEGY INC COM 156880106 215 6056 SH SOLE 6056 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 11482 310244 SH SOLE 310244 0 0 COMMERCE GROUP INC MASS COM 200641108 310 5086 SH SOLE 5086 0 0 COGNEX CORP COM 192422103 237 8494 SH SOLE 8494 0 0 CHAMPION ENTERPRISES INC COM 158496109 240 20319 SH SOLE 20319 0 0 CHARTERMAC COM 160908109 326 13347 SH SOLE 13347 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page24 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CHEMED CORP NEW COM 16359R103 244 3638 SH SOLE 3638 0 0 CHEMICAL FINL CORP COM 163731102 353 8218 SH SOLE 8218 0 0 CHIRON CORP COM 170040109 4986 149595 SH SOLE 149595 0 0 CHESAPEAKE ENERGY CORP COM 165167107 1163 70499 SH SOLE 70499 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 1120 45483 SH SOLE 45483 0 0 CHORDIANT SOFTWARE INC COM 170404107 41 18089 SH SOLE 18089 0 0 CHARMING SHOPPES INC COM 161133103 308 32922 SH SOLE 32922 0 0 C H ROBINSON WORLDWIDE INC COM 12541W100 484 8712 SH SOLE 8712 0 0 CHICOS FAS INC COM 168615102 210 4610 SH SOLE 4610 0 0 CHARTER COMMUNICATIONS INC D COM 16117M107 194 86479 SH SOLE 86479 0 0 CHITTENDEN CORP COM 170228100 382 13291 SH SOLE 13291 0 0 CIGNA CORP COM 125509109 6111 74918 SH SOLE 74918 0 0 CIENA CORP COM 171779101 1206 361045 SH SOLE 361045 0 0 CINERGY CORP COM 172474108 5876 141138 SH SOLE 141138 0 0 CINCINNATI FINL CORP COM 172062101 3866 87336 SH SOLE 87336 0 0 CIPHERGEN BIOSYSTEMS INC COM 17252Y104 54 12451 SH SOLE 12451 0 0 CIT GROUP INC COM 125581108 5066 110566 SH SOLE 110566 0 0 CROMPTON CORP COM 227116100 406 34420 SH SOLE 34420 0 0 COLLINS & AIKMAN CORP NEW COM 194830204 56 12887 SH SOLE 12887 0 0 CHECKPOINT SYS INC COM 162825103 204 11292 SH SOLE 11292 0 0 CKE RESTAURANTS INC COM 12561E105 147 10103 SH SOLE 10103 0 0 COLGATE PALMOLIVE CO COM 194162103 21861 427303 SH SOLE 427303 0 0 CLARCOR INC COM 179895107 363 6624 SH SOLE 6624 0 0 CLEVELAND CLIFFS INC COM 185896107 254 2446 SH SOLE 2446 0 0 COLONIAL PPTYS TR COM 195872106 282 7176 SH SOLE 7176 0 0 CLOROX CO DEL COM 189054109 5665 96139 SH SOLE 96139 0 0 COMERICA INC COM 200340107 6237 102208 SH SOLE 102208 0 0 COMMERCIAL METALS CO COM 201723103 395 7808 SH SOLE 7808 0 0 COMCAST CORP NEW COM 20030N101 44030 1323018 SH SOLE 1323018 0 0 COMCAST CORP NEW COM 20030N200 1429 43518 SH SOLE 43518 0 0 CHICAGO MERCANTILE HLDGS INC COM 167760107 2304 10075 SH SOLE 10075 0 0 CMGI INC COM 125750109 321 125856 SH SOLE 125856 0 0 CUMMINS INC COM 231021106 1984 23681 SH SOLE 23681 0 0 CUMULUS MEDIA INC COM 231082108 198 13136 SH SOLE 13136 0 0 CREDENCE SYS CORP COM 225302108 351 38383 SH SOLE 38383 0 0 CMS ENERGY CORP COM 125896100 1500 143520 SH SOLE 143520 0 0 COMVERSE TECHNOLOGY INC COM 205862402 2768 113203 SH SOLE 113203 0 0 CAREMARK RX INC COM 141705103 9563 242522 SH SOLE 242522 0 0 CENTENE CORP DEL COM 15135B101 407 14360 SH SOLE 14360 0 0 CONNETICS CORP COM 208192104 221 9104 SH SOLE 9104 0 0 CNET NETWORKS INC COM 12613R104 401 35692 SH SOLE 35692 0 0 CLECO CORP NEW COM 12561W105 399 19717 SH SOLE 19717 0 0 CONMED CORP COM 207410101 220 7755 SH SOLE 7755 0 0 CONSECO INC COM 208464883 1466 73500 SH SOLE 73500 0 0 CONSECO INC COM 208464867 4240 160000 SH SOLE 160000 0 0 CENTERPOINT ENERGY INC COM 15189T107 1837 162543 SH SOLE 162543 0 0 CAPITAL ONE FINL CORP COM 14040H105 10732 127440 SH SOLE 127440 0 0 CABOT OIL & GAS CORP COM 127097103 363 8199 SH SOLE 8199 0 0 COACH INC COM 189754104 5986 106133 SH SOLE 106133 0 0 COHERENT INC COM 192479103 240 7882 SH SOLE 7882 0 0 ROCKWELL COLLINS INC COM 774341101 4092 103743 SH SOLE 103743 0 0 3COM CORP COM 885535104 309 74047 SH SOLE 74047 0 0 COOPER COS INC COM 216648402 1761 24945 SH SOLE 24945 0 0 CONOCOPHILLIPS COM 20825C104 31375 361342 SH SOLE 361342 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page25 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COSTCO WHSL CORP NEW COM 22160K105 12238 252806 SH SOLE 252806 0 0 CAMPBELL SOUP CO COM 134429109 6724 224950 SH SOLE 224950 0 0 CENTRAL PAC FINL CORP COM 154760102 328 9062 SH SOLE 9062 0 0 CEPHEID COM 15670R107 104 10494 SH SOLE 10494 0 0 CALPINE CORP COM 131347106 1638 415785 SH SOLE 415785 0 0 CALPINE CORP Treasury 131347BJ4 191400 2200000 SH SOLE 2200000 0 0 CORN PRODS INTL INC COM 219023108 614 11464 SH SOLE 11464 0 0 CAPSTONE TURBINE CORP COM 14067D102 49 27003 SH SOLE 27003 0 0 COST PLUS INC CALIF COM 221485105 233 7239 SH SOLE 7239 0 0 COMPUWARE CORP COM 205638109 1297 202409 SH SOLE 202409 0 0 CRANE CO COM 224399105 274 9493 SH SOLE 9493 0 0 APPLERA CORP COM 038020202 300 21815 SH SOLE 21815 0 0 CRAY INC COM 225223106 125 26776 SH SOLE 26776 0 0 CERADYNE INC COM 156710105 442 7723 SH SOLE 7723 0 0 CARRAMERICA RLTY CORP COM 144418100 438 13259 SH SOLE 13259 0 0 CURAGEN CORP COM 23126R101 75 10515 SH SOLE 10515 0 0 CURIS INC COM 231269101 60 11510 SH SOLE 11510 0 0 CARBO CERAMICS INC COM 140781105 357 5174 SH SOLE 5174 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 403 6887 SH SOLE 6887 0 0 CIRRUS LOGIC INC COM 172755100 123 22246 SH SOLE 22246 0 0 CORIXA CORP COM 21887F100 68 18709 SH SOLE 18709 0 0 COMPUTER SCIENCES CORP COM 205363104 5795 102797 SH SOLE 102797 0 0 CISCO SYS INC COM 17275R102 69932 3619685 SH SOLE 3619685 0 0 CSG SYS INTL INC COM 126349109 338 18069 SH SOLE 18069 0 0 CSX CORP COM 126408103 4501 112308 SH SOLE 112308 0 0 CINTAS CORP COM 172908105 4318 98444 SH SOLE 98444 0 0 COOPER TIRE & RUBR CO COM 216831107 1232 57151 SH SOLE 57151 0 0 COMMONWEALTH TEL ENTERPRISES COM 203349105 378 7608 SH SOLE 7608 0 0 CELL THERAPEUTICS INC COM 150934107 154 18926 SH SOLE 18926 0 0 CENTURYTEL INC COM 156700106 1918 54083 SH SOLE 54083 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 600 14179 SH SOLE 14179 0 0 COMMSCOPE INC COM 203372107 414 21898 SH SOLE 21898 0 0 CENTEX CORP COM 152312104 3849 64603 SH SOLE 64603 0 0 CITRIX SYS INC COM 177376100 2895 118357 SH SOLE 118357 0 0 CUNO INC COM 126583103 292 4908 SH SOLE 4908 0 0 COUSINS PPTYS INC COM 222795106 306 10112 SH SOLE 10112 0 0 CVB FINL CORP COM 126600105 293 11023 SH SOLE 11023 0 0 CABLEVISION SYS CORP COM 12686C109 406 16300 SH SOLE 16300 0 0 CONVERGYS CORP COM 212485106 1062 70840 SH SOLE 70840 0 0 COVENTRY HEALTH CARE INC COM 222862104 235 4432 SH SOLE 4432 0 0 CVS CORP COM 126650100 9838 218283 SH SOLE 218283 0 0 CV THERAPEUTICS INC COM 126667104 471 20474 SH SOLE 20474 0 0 CHEVRONTEXACO CORP COM 166764100 60004 1142722 SH SOLE 1142722 0 0 CURTISS WRIGHT CORP COM 231561101 334 5815 SH SOLE 5815 0 0 CORRECTIONS CORP AMER NEW COM 22025Y407 362 8937 SH SOLE 8937 0 0 CYBERONICS INC COM 23251P102 1772 85537 SH SOLE 85537 0 0 CYMER INC COM 232572107 329 11136 SH SOLE 11136 0 0 CITY NATL CORP COM 178566105 305 4318 SH SOLE 4318 0 0 CYTEC INDS INC COM 232820100 605 11772 SH SOLE 11772 0 0 CITIZENS COMMUNICATIONS CO COM 17453B101 2488 180439 SH SOLE 180439 0 0 CAESARS ENTMT INC COM 127687101 5771 286535 SH SOLE 286535 0 0 DOMINION RES INC VA NEW COM 25746U109 16650 245796 SH SOLE 245796 0 0 DELTA AIR LINES INC DEL COM 247361108 737 98561 SH SOLE 98561 0 0 DELTA AIR LINES INC DEL Treasury 247361YP7 164688 2500000 SH SOLE 2500000 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page26 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DARLING INTL INC COM 237266101 54 12476 SH SOLE 12476 0 0 DIEBOLD INC COM 253651103 285 5110 SH SOLE 5110 0 0 DOBSON COMMUNICATIONS CORP COM 256069105 54 31619 SH SOLE 31619 0 0 DECODE GENETICS INC COM 243586104 131 16826 SH SOLE 16826 0 0 DOUBLECLICK INC COM 258609304 283 36423 SH SOLE 36423 0 0 DANA CORP COM 235811106 1276 73628 SH SOLE 73628 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 11257 229495 SH SOLE 229495 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 230 5182 SH SOLE 5182 0 0 DILLARDS INC COM 254067101 1288 47939 SH SOLE 47939 0 0 DEERE & CO COM 244199105 10015 134614 SH SOLE 134614 0 0 DELL INC COM 24702R101 61509 1459639 SH SOLE 1459639 0 0 DEAN FOODS CO NEW COM 242370104 242 7330 SH SOLE 7330 0 0 DELPHI FINL GROUP INC COM 247131105 410 8892 SH SOLE 8892 0 0 CARDIAC SCIENCE INC COM 141410209 44 20628 SH SOLE 20628 0 0 DOLLAR GEN CORP COM 256669102 2616 125930 SH SOLE 125930 0 0 QUEST DIAGNOSTICS INC COM 74834L100 6607 69145 SH SOLE 69145 0 0 DANIELSON HLDG CORP COM 236274106 115 13637 SH SOLE 13637 0 0 D R HORTON INC COM 23331A109 448 11115 SH SOLE 11115 0 0 DANAHER CORP DEL COM 235851102 9265 161383 SH SOLE 161383 0 0 DIAMONDS TR COM 252787106 51315 477307 SH SOLE 477307 0 0 DISNEY WALT CO COM 254687106 33269 1196722 SH SOLE 1196722 0 0 ECHOSTAR COMMUNICATIONS NEW COM 278762109 2064 62072 SH SOLE 62072 0 0 DOW JONES & CO INC COM 260561105 1858 43154 SH SOLE 43154 0 0 DICKS SPORTING GOODS INC COM 253393102 300 8540 SH SOLE 8540 0 0 DEL LABS INC COM 245091103 2865 82443 SH SOLE 82443 0 0 DELTA & PINE LD CO COM 247357106 231 8486 SH SOLE 8486 0 0 DOLLAR TREE STORES INC COM 256747106 321 11148 SH SOLE 11148 0 0 DIMON INC COM 254394109 106 15819 SH SOLE 15819 0 0 GENENTECH INC COM 368710406 778 14300 SH SOLE 14300 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 314 5258 SH SOLE 5258 0 0 DENDREON CORP COM 24823Q107 181 16821 SH SOLE 16821 0 0 DENBURY RES INC COM 247916208 471 17154 SH SOLE 17154 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 380 9500 SH SOLE 9500 0 0 DOVER CORP COM 260003108 4334 103342 SH SOLE 103342 0 0 DOW CHEM CO COM 260543103 26524 535727 SH SOLE 535727 0 0 DIAGNOSTIC PRODS CORP COM 252450101 355 6443 SH SOLE 6443 0 0 DELPHI CORP COM 247126105 2123 235410 SH SOLE 235410 0 0 DPL INC COM 233293109 227 9056 SH SOLE 9056 0 0 DUPONT PHOTOMASKS INC COM 26613X101 736 27851 SH SOLE 27851 0 0 DOMINOS PIZZA INC COM 25754A201 219 12313 SH SOLE 12313 0 0 DUQUESNE LT HLDGS INC COM 266233105 319 16913 SH SOLE 16913 0 0 DIRECT GEN CORP COM 25456W204 208 6471 SH SOLE 6471 0 0 DARDEN RESTAURANTS INC COM 237194105 2290 82556 SH SOLE 82556 0 0 DIGITAL RIV INC COM 25388B104 368 8841 SH SOLE 8841 0 0 DURECT CORP COM 266605104 48 14563 SH SOLE 14563 0 0 DRS TECHNOLOGIES INC COM 23330X100 331 7760 SH SOLE 7760 0 0 DENDRITE INTL INC COM 248239105 220 11331 SH SOLE 11331 0 0 DREYERS GRAND ICE CREAM HL I COM 261877104 120645 1499999 SH SOLE 1499999 0 0 DRUGSTORE COM INC COM 262241102 43 12633 SH SOLE 12633 0 0 DISCOVERY LABORATORIES INC N COM 254668106 127 16057 SH SOLE 16057 0 0 DOWNEY FINL CORP COM 261018105 376 6588 SH SOLE 6588 0 0 DSP GROUP INC COM 23332B106 205 9171 SH SOLE 9171 0 0 QUANTUM CORP COM 747906204 132 50546 SH SOLE 50546 0 0 DST SYS INC DEL Treasury 233326AB3 521000 4000000 SH SOLE 4000000 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page27 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DST SYS INC DEL Treasury 233326AD9 311562 2500000 SH SOLE 2500000 0 0 DIGITAS INC COM 25388K104 180 18864 SH SOLE 18864 0 0 DTE ENERGY CO COM 233331107 5576 129279 SH SOLE 129279 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 247 8178 SH SOLE 8178 0 0 DUKE ENERGY CORP COM 264399106 18180 717745 SH SOLE 717745 0 0 DEVON ENERGY CORP NEW COM 25179M103 12248 314685 SH SOLE 314685 0 0 DYCOM INDS INC COM 267475101 526 17236 SH SOLE 17236 0 0 DYNEGY INC NEW COM 26816Q101 932 201676 SH SOLE 201676 0 0 ENCORE ACQUISITION CO COM 29255W100 306 8765 SH SOLE 8765 0 0 EAGLE BROADBAND INC COM 269437109 45 68508 SH SOLE 68508 0 0 EGL INC COM 268484102 322 10781 SH SOLE 10781 0 0 ENERGY EAST CORP COM 29266M109 205 7668 SH SOLE 7668 0 0 ENGINEERED SUPPORT SYS INC COM 292866100 391 6596 SH SOLE 6596 0 0 EBAY INC COM 278642103 51356 441432 SH SOLE 441432 0 0 ENGELHARD CORP COM 292845104 1437 46852 SH SOLE 46852 0 0 ECOLAB INC COM 278865100 4709 134059 SH SOLE 134059 0 0 ECLIPSYS CORP COM 278856109 203 9931 SH SOLE 9931 0 0 CONSOLIDATED EDISON INC COM 209115104 7564 172890 SH SOLE 172890 0 0 EDO CORP COM 281347104 203 6382 SH SOLE 6382 0 0 ELECTRONIC DATA SYS NEW COM 285661104 6342 274547 SH SOLE 274547 0 0 EL PASO ELEC CO COM 283677854 343 18124 SH SOLE 18124 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 201 11521 SH SOLE 11521 0 0 EQUIFAX INC COM 294429105 1975 70282 SH SOLE 70282 0 0 ENERGEN CORP COM 29265N108 795 13491 SH SOLE 13491 0 0 EDISON INTL COM 281020107 5232 163338 SH SOLE 163338 0 0 EASTMAN KODAK CO COM 277461109 10916 338484 SH SOLE 338484 0 0 ELKCORP COM 287456107 205 5986 SH SOLE 5986 0 0 ELAN PLC COM 284131208 2180 80000 SH SOLE 80000 0 0 EARTHLINK INC COM 270321102 374 32467 SH SOLE 32467 0 0 EMULEX CORP COM 292475209 893 53051 SH SOLE 53051 0 0 CALLAWAY GOLF CO COM 131193104 332 24558 SH SOLE 24558 0 0 E M C CORP MASS COM 268648102 19210 1291877 SH SOLE 1291877 0 0 EMMIS COMMUNICATIONS CORP COM 291525103 293 15261 SH SOLE 15261 0 0 EASTMAN CHEM CO COM 277432100 2374 41123 SH SOLE 41123 0 0 EMERSON ELEC CO COM 291011104 14173 202176 SH SOLE 202176 0 0 ENCYSIVE PHARMACEUTICALS INC COM 29256X107 152 15342 SH SOLE 15342 0 0 ENCORE MED CORP COM 29256E109 70 10329 SH SOLE 10329 0 0 EQUITY INNS INC COM 294703103 168 14305 SH SOLE 14305 0 0 ENERGIZER HLDGS INC COM 29266R108 228 4586 SH SOLE 4586 0 0 ENTEGRIS INC COM 29362U104 110 11076 SH SOLE 11076 0 0 ENTRUST INC COM 293848107 64 16997 SH SOLE 16997 0 0 ENZON PHARMACEUTICALS INC COM 293904108 168 12237 SH SOLE 12237 0 0 EOG RES INC COM 26875P101 5009 70195 SH SOLE 70195 0 0 EQUITY OFFICE PROPERTIES TRU COM 294741103 6265 215150 SH SOLE 215150 0 0 EL PASO CORP COM 28336L109 3774 362932 SH SOLE 362932 0 0 EPICOR SOFTWARE CORP COM 29426L108 164 11652 SH SOLE 11652 0 0 ENERGY PARTNERS LTD COM 29270U105 221 10927 SH SOLE 10927 0 0 E PIPHANY INC COM 26881V100 113 23321 SH SOLE 23321 0 0 ENTERTAINMENT PPTYS TR COM 29380T105 538 12067 SH SOLE 12067 0 0 EQUITY RESIDENTIAL COM 29476L107 5353 147959 SH SOLE 147959 0 0 EQUITY ONE COM 294752100 232 9768 SH SOLE 9768 0 0 ERESEARCHTECHNOLOGY INC COM 29481V108 596 37600 SH SOLE 37600 0 0 ERICSSON L M TEL CO COM 294821608 291 9236 SH SOLE 9236 0 0 ELECTRONIC ARTS INC COM 285512109 12490 202490 SH SOLE 202490 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page28 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ESTERLINE TECHNOLOGIES CORP COM 297425100 291 8921 SH SOLE 8921 0 0 EXPRESS SCRIPTS INC COM 302182100 3328 43531 SH SOLE 43531 0 0 ESSEX PPTY TR INC COM 297178105 724 8645 SH SOLE 8645 0 0 ENSCO INTL INC COM 26874Q100 421 13260 SH SOLE 13260 0 0 E TRADE FINANCIAL CORP COM 269246104 4039 270192 SH SOLE 270192 0 0 ETHAN ALLEN INTERIORS INC COM 297602104 236 5904 SH SOLE 5904 0 0 EATON CORP COM 278058102 5863 81019 SH SOLE 81019 0 0 ENTERGY CORP NEW COM 29364G103 7353 108790 SH SOLE 108790 0 0 ENTERASYS NETWORKS INC COM 293637104 101 56282 SH SOLE 56282 0 0 EATON VANCE CORP COM 278265103 238 4560 SH SOLE 4560 0 0 ENTRAVISION COMMUNICATIONS C COM 29382R107 132 15803 SH SOLE 15803 0 0 EAST WEST BANCORP INC COM 27579R104 616 14675 SH SOLE 14675 0 0 EXELON CORP COM 30161N101 15373 348824 SH SOLE 348824 0 0 EXELIXIS INC COM 30161Q104 162 17082 SH SOLE 17082 0 0 EAGLE MATERIALS INC COM 26969P108 432 5001 SH SOLE 5001 0 0 EXPEDITORS INTL WASH INC COM 302130109 410 7344 SH SOLE 7344 0 0 EXTRA SPACE STORAGE INC COM 30225T102 181 13566 SH SOLE 13566 0 0 EXTREME NETWORKS INC COM 30226D106 208 31722 SH SOLE 31722 0 0 VISX INC DEL COM 92844S105 428 16547 SH SOLE 16547 0 0 FORD MTR CO DEL COM 345370860 44112 3013111 SH SOLE 3013111 0 0 FALCONSTOR SOFTWARE INC COM 306137100 96 10076 SH SOLE 10076 0 0 FASTENAL CO COM 311900104 385 6248 SH SOLE 6248 0 0 FURNITURE BRANDS INTL INC COM 360921100 439 17531 SH SOLE 17531 0 0 FIRST BANCORP P R COM 318672102 654 10295 SH SOLE 10295 0 0 FRIEDMAN BILLINGS RAMSEY GRO COM 358434108 566 29200 SH SOLE 29200 0 0 FUELCELL ENERGY INC COM 35952H106 209 21130 SH SOLE 21130 0 0 FIRST COMWLTH FINL CORP PA COM 319829107 339 22045 SH SOLE 22045 0 0 FELCOR LODGING TR INC COM 31430F101 172 11750 SH SOLE 11750 0 0 FTI CONSULTING INC COM 302941109 229 10871 SH SOLE 10871 0 0 FIRST CTZNS BANCSHARES INC N COM 31946M103 258 1738 SH SOLE 1738 0 0 FIRST CHARTER CORP COM 319439105 245 9366 SH SOLE 9366 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 4337 113456 SH SOLE 113456 0 0 FEDERATED DEPT STORES INC DE COM 31410H101 5402 93484 SH SOLE 93484 0 0 FIRST DATA CORP COM 319963104 19802 465501 SH SOLE 465501 0 0 FAMILY DLR STORES INC COM 307000109 2477 79318 SH SOLE 79318 0 0 FACTSET RESH SYS INC COM 303075105 330 5640 SH SOLE 5640 0 0 FEDEX CORP COM 31428X106 16414 166656 SH SOLE 166656 0 0 FIRSTENERGY CORP COM 337932107 15427 390467 SH SOLE 390467 0 0 FIRSTFED FINL CORP COM 337907109 342 6596 SH SOLE 6596 0 0 FRANKLIN ELEC INC COM 353514102 303 7168 SH SOLE 7168 0 0 F5 NETWORKS INC COM 315616102 446 9151 SH SOLE 9151 0 0 FIRST HEALTH GROUP CORP COM 320960107 8000 427579 SH SOLE 427579 0 0 FIRST HORIZON NATL CORP COM 320517105 2814 65286 SH SOLE 65286 0 0 FAIRMONT HOTELS RESORTS INC Treasury 305204AB5 225500 2000000 SH SOLE 2000000 0 0 FEDERATED INVS INC PA COM 314211103 1782 58623 SH SOLE 58623 0 0 FILENET CORP COM 316869106 333 12934 SH SOLE 12934 0 0 FINISH LINE INC COM 317923100 199 10901 SH SOLE 10901 0 0 FISERV INC COM 337738108 4490 111727 SH SOLE 111727 0 0 FIFTH THIRD BANCORP COM 316773100 13777 291264 SH SOLE 291264 0 0 FOOT LOCKER INC COM 344849104 244 9062 SH SOLE 9062 0 0 FLORIDA EAST COAST INDS COM 340632108 258 5730 SH SOLE 5730 0 0 FIRST NATL BANKSHRS FL INC N COM 321100109 431 18036 SH SOLE 18036 0 0 FLEETWOOD ENTERPRISES INC COM 339099103 159 11787 SH SOLE 11787 0 0 FLEXTRONICS INTL LTD COM Y2573F102 2745 198639 SH SOLE 198639 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page29 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FLOWERS FOODS INC COM 343498101 332 10522 SH SOLE 10522 0 0 FLUOR CORP NEW COM 343412102 2420 44394 SH SOLE 44394 0 0 FLOWSERVE CORP COM 34354P105 473 17180 SH SOLE 17180 0 0 FLYI INC COM 34407T104 24 13814 SH SOLE 13814 0 0 FIRST MIDWEST BANCORP DEL COM 320867104 477 13153 SH SOLE 13153 0 0 F M C CORP COM 302491303 678 14036 SH SOLE 14036 0 0 FNB CORP PA COM 302520101 281 13815 SH SOLE 13815 0 0 FIDELITY NATL FINL INC COM 316326107 401 8778 SH SOLE 8778 0 0 FIRST NIAGARA FINL GP INC COM 33582V108 338 24252 SH SOLE 24252 0 0 FEDERAL NATL MTG ASSN COM 313586109 36455 511940 SH SOLE 511940 0 0 FINISAR COM 31787A101 100 43687 SH SOLE 43687 0 0 FORTUNE BRANDS INC COM 349631101 6037 78215 SH SOLE 78215 0 0 FERRO CORP COM 315405100 461 19886 SH SOLE 19886 0 0 SPRINT CORP COM 852061100 26347 1060241 SH SOLE 1060241 0 0 FPL GROUP INC COM 302571104 7294 97580 SH SOLE 97580 0 0 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 337 8282 SH SOLE 8282 0 0 FIRST REP BK SAN FRANCISCO COM 336158100 379 7143 SH SOLE 7143 0 0 FEDERAL HOME LN MTG CORP COM 313400301 26978 366057 SH SOLE 366057 0 0 FOREST LABS INC COM 345838106 9107 203012 SH SOLE 203012 0 0 PROSPERITY BANCSHARES INC COM 743606105 219 7488 SH SOLE 7488 0 0 PRIMUS TELECOMMUNICATIONS GR COM 741929103 69 21759 SH SOLE 21759 0 0 PRIMUS TELECOMMUNICATIONS GR Treasury 741929AN3 216375 2999999 SH SOLE 2999999 0 0 PARTNERS TR FINL GROUP INC N COM 70213F102 164 14036 SH SOLE 14036 0 0 PRUDENTIAL FINL INC COM 744320102 16008 291274 SH SOLE 291274 0 0 PROVINCE HEALTHCARE CO COM 743977100 1990 89016 SH SOLE 89016 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 497 12009 SH SOLE 12009 0 0 PHARMACEUTICAL RES INC Treasury 717125AC2 277500 2999999 SH SOLE 2999999 0 0 PUGET ENERGY INC NEW COM 745310102 218 8835 SH SOLE 8835 0 0 PAYLESS SHOESOURCE INC COM 704379106 267 21702 SH SOLE 21702 0 0 PSS WORLD MED INC COM 69366A100 245 19613 SH SOLE 19613 0 0 PTEK HLDGS INC COM 69366M104 163 15237 SH SOLE 15237 0 0 PATTERSON UTI ENERGY INC COM 703481101 679 34900 SH SOLE 34900 0 0 PALATIN TECHNOLOGIES INC COM 696077304 59 22314 SH SOLE 22314 0 0 PACTIV CORP COM 695257105 2036 80510 SH SOLE 80510 0 0 PENN VA CORP COM 707882106 277 6832 SH SOLE 6832 0 0 PROVIDIAN FINL CORP COM 74406A102 2599 157776 SH SOLE 157776 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 316 37220 SH SOLE 37220 0 0 POWER-ONE INC COM 739308104 567 63599 SH SOLE 63599 0 0 QUANTA SVCS INC COM 74762E102 208 26041 SH SOLE 26041 0 0 PRAXAIR INC COM 74005P104 7589 171891 SH SOLE 171891 0 0 PLAINS EXPL& PRODTN CO COM 726505100 676 25991 SH SOLE 25991 0 0 PAXAR CORP COM 704227107 206 9276 SH SOLE 9276 0 0 AWE COM 00209A106 0 372 SH CALL SOLE 372 0 0 DOMINION RES INC VA NEW COM 25746U109 4 350 SH PUT SOLE 350 0 0 DPL INC COM 233293109 2 100 SH PUT SOLE 100 0 0 MANDALAY RESORT GROUP COM 562567107 5 425 SH PUT SOLE 425 0 0 ZIC COM 090597105 0 157 SH PUT SOLE 157 0 0 DYNEGY INC NEW COM 26816Q101 100 4000 SH CALL SOLE 4000 0 0 CAMPBELL SOUP CO COM 134429109 1 68 SH PUT SOLE 68 0 0 INTERPUBLIC GROUP COS INC COM 460690100 187 1700 SH PUT SOLE 1700 0 0 REYNOLDS AMERICAN INC COM 761713106 1 130 SH PUT SOLE 130 0 0 SANMINA SCI CORP COM 800907107 1 149 SH CALL SOLE 149 0 0 WNE COM 640938106 0 197 SH PUT SOLE 197 0 0 GATEWAY INC COM 367626108 9 190 SH CALL SOLE 190 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page30 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ILLINOIS TOOL WKS INC COM 452308109 3 24 SH CALL SOLE 24 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 5 101 SH CALL SOLE 101 0 0 UNISYS CORP COM 909214108 588 2350 SH PUT SOLE 2350 0 0 COMERICA INC COM 200340107 7 39 SH CALL SOLE 39 0 0 WDQ COM 247025109 0 105 SH PUT SOLE 105 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 0 183 SH PUT SOLE 183 0 0 AMERICAN TOWER CORP COM 029912201 0 425 SH PUT SOLE 425 0 0 UNIVISION COMMUNICATIONS INC COM 914906102 23 4531 SH CALL SOLE 4531 0 0 NORTEL NETWORKS CORP NEW COM 656568102 14 2874 SH CALL SOLE 2874 0 0 SOLECTRON CORP COM 834182107 6 286 SH CALL SOLE 286 0 0 WAN COM 00184A105 0 7087 SH CALL SOLE 7087 0 0 YFS COM 224044107 0 374 SH PUT SOLE 374 0 0 YWE COM 00209A106 0 637 SH PUT SOLE 637 0 0 GERON CORP COM 374163103 6 156 SH PUT SOLE 156 0 0 NORTHWEST AIRLS CORP COM 667280101 16 100 SH PUT SOLE 100 0 0 PRE PAID LEGAL SVCS INC COM 740065107 0 105 SH PUT SOLE 105 0 0 CYBERONICS INC COM 23251P102 26 156 SH PUT SOLE 156 0 0 SYSCO CORP COM 871829107 3 172 SH PUT SOLE 172 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 400 1906 SH PUT SOLE 1906 0 0 EOG RES INC COM 26875P101 7 141 SH PUT SOLE 141 0 0 JDS UNIPHASE CORP COM 46612J101 4 414 SH CALL SOLE 414 0 0 KING PHARMACEUTICALS INC COM 495582108 6 202 SH CALL SOLE 202 0 0 OMI CORP NEW COM Y6476W104 0 500 SH CALL SOLE 500 0 0 PENN NATL GAMING INC COM 707569109 2 67 SH PUT SOLE 67 0 0 CIENA CORP COM 171779101 49 1735 SH CALL SOLE 1735 0 0 CALPINE CORP COM 131347106 10 191 SH PUT SOLE 191 0 0 PHARMACEUTICAL HLDRS TR COM 71712A206 216 740 SH PUT SOLE 740 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 4 132 SH CALL SOLE 132 0 0 SOUTHERN CO COM 842587107 2 118 SH PUT SOLE 118 0 0 RITE AID CORP COM 767754104 2 103 SH CALL SOLE 103 0 0 WACHOVIA CORP 2ND NEW COM 929903102 450 823 SH CALL SOLE 823 0 0 CHARTER COMMUNICATIONS INC D COM 16117M107 53 292 SH PUT SOLE 292 0 0 VIVENDI UNIVERSAL COM 92851S204 31 83 SH PUT SOLE 83 0 0 MCDONALDS CORP COM 580135101 78 3758 SH PUT SOLE 3758 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 23 304 SH PUT SOLE 304 0 0 AMERICAN STD COS INC DEL COM 029712106 52 1500 SH PUT SOLE 1500 0 0 CONAGRA FOODS INC COM 205887102 5 235 SH PUT SOLE 235 0 0 GOLDCORP INC NEW COM 380956409 5 118 SH CALL SOLE 118 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 52 364 SH CALL SOLE 364 0 0 SMITHFIELD FOODS INC COM 832248108 210 5100 SH PUT SOLE 5100 0 0 YOY COM 902984103 0 169 SH PUT SOLE 169 0 0 ACCENTURE LTD BERMUDA COM G1150G111 0 140 SH PUT SOLE 140 0 0 UNITED ONLINE INC COM 911268100 15 208 SH PUT SOLE 208 0 0 ROWAN COS INC COM 779382100 5 134 SH PUT SOLE 134 0 0 PEOPLESOFT INC COM 712713106 6 885 SH PUT SOLE 885 0 0 SELECT SECTOR SPDR TR COM 81369Y605 4 118 SH PUT SOLE 118 0 0 SHIRE PHARMACEUTICALS GRP PL COM 82481R106 4 113 SH PUT SOLE 113 0 0 CYMER INC COM 232572107 18 171 SH PUT SOLE 171 0 0 EL PASO CORP COM 28336L109 121 448 SH CALL SOLE 448 0 0 GOLDCORP INC NEW COM 380956409 9 141 SH PUT SOLE 141 0 0 CARMAX INC COM 143130102 6 204 SH PUT SOLE 204 0 0 FOUNDRY NETWORKS INC COM 35063R100 0 315 SH CALL SOLE 315 0 0 WASTE MGMT INC DEL COM 94106L109 27 400 SH CALL SOLE 400 0 0 CYMER INC COM 232572107 9 123 SH CALL SOLE 123 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page31 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LSI LOGIC CORP COM 502161102 5 350 SH CALL SOLE 350 0 0 TERADYNE INC COM 880770102 29 163 SH CALL SOLE 163 0 0 SOHU COM INC COM 83408W103 0 472 SH PUT SOLE 472 0 0 MAXTOR CORP COM 577729205 6 145 SH CALL SOLE 145 0 0 SCHWAB CHARLES CORP NEW COM 808513105 10 305 SH PUT SOLE 305 0 0 WESTERN DIGITAL CORP COM 958102105 0 135 SH PUT SOLE 135 0 0 CHARTER COMMUNICATIONS INC D COM 16117M107 9 264 SH CALL SOLE 264 0 0 JABIL CIRCUIT INC COM 466313103 16 307 SH PUT SOLE 307 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A203 91 2875 SH PUT SOLE 2875 0 0 NEWS CORP COM 65248E203 0 101 SH PUT SOLE 101 0 0 PROVIDIAN FINL CORP COM 74406A102 294 5443 SH PUT SOLE 5443 0 0 UNITED ONLINE INC COM 911268100 13 118 SH CALL SOLE 118 0 0 TIDEWATER INC COM 886423102 13 203 SH PUT SOLE 203 0 0 LIMITED BRANDS INC COM 532716107 17 214 SH PUT SOLE 214 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 0 511 SH CALL SOLE 511 0 0 CARNIVAL CORP COM 143658300 14 626 SH PUT SOLE 626 0 0 COMPUTER SCIENCES CORP COM 205363104 3 89 SH PUT SOLE 89 0 0 ORACLE CORP COM 68389X105 54 2089 SH PUT SOLE 2089 0 0 GATEWAY INC COM 367626108 24 494 SH PUT SOLE 494 0 0 MGM MIRAGE COM 552953101 0 925 SH PUT SOLE 925 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 9 262 SH PUT SOLE 262 0 0 HERSHEY FOODS CORP COM 427866108 2 112 SH PUT SOLE 112 0 0 TOYS R US INC COM 892335100 70 1844 SH PUT SOLE 1844 0 0 OVERSTOCK COM INC DEL COM 690370101 33 198 SH PUT SOLE 198 0 0 IAC INTERACTIVECORP COM 44919P102 13 480 SH PUT SOLE 480 0 0 MILLENNIUM PHARMACEUTICALS I COM 599902103 29 427 SH CALL SOLE 427 0 0 DOUBLECLICK INC COM 258609304 27 129 SH CALL SOLE 129 0 0 QLT INC COM 746927102 0 154 SH CALL SOLE 154 0 0 GENESIS MICROCHIP INC DEL COM 37184C103 0 113 SH CALL SOLE 113 0 0 AES CORP COM 00130H105 12 125 SH PUT SOLE 125 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 9 257 SH PUT SOLE 257 0 0 HUMANA INC COM 444859102 6 99 SH PUT SOLE 99 0 0 DUKE ENERGY CORP COM 264399106 12 419 SH PUT SOLE 419 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W109 12 176 SH PUT SOLE 176 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 137 216 SH CALL SOLE 216 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 13 182 SH PUT SOLE 182 0 0 FLAMEL TECHNOLOGIES SA COM 338488109 0 113 SH CALL SOLE 113 0 0 AES CORP COM 00130H105 12 137 SH CALL SOLE 137 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 92 1031 SH PUT SOLE 1031 0 0 ASK JEEVES INC COM 045174109 22 276 SH CALL SOLE 276 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 32 689 SH CALL SOLE 689 0 0 HILTON HOTELS CORP COM 432848109 50 2294 SH PUT SOLE 2294 0 0 SILICON LABORATORIES INC COM 826919102 0 143 SH PUT SOLE 143 0 0 AMERICAN ELEC PWR INC COM 025537101 16 438 SH PUT SOLE 438 0 0 BAXTER INTL INC COM 071813109 150 1830 SH CALL SOLE 1830 0 0 SUNOCO INC COM 86764P109 17 219 SH PUT SOLE 219 0 0 PANERA BREAD CO COM 69840W108 9 59 SH PUT SOLE 59 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 20 259 SH PUT SOLE 259 0 0 ABBOTT LABS COM 002824100 75 698 SH PUT SOLE 698 0 0 PAYCHEX INC COM 704326107 8 105 SH PUT SOLE 105 0 0 EXPRESS SCRIPTS INC COM 302182100 3 70 SH PUT SOLE 70 0 0 MELLON FINL CORP COM 58551A108 40 275 SH PUT SOLE 275 0 0 GLAXOSMITHKLINE PLC COM 37733W105 342 1584 SH PUT SOLE 1584 0 0 INTERSIL CORP COM 46069S109 42 299 SH PUT SOLE 299 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page32 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BARRICK GOLD CORP COM 067901108 67 1159 SH PUT SOLE 1159 0 0 CAREMARK RX INC COM 141705103 7 165 SH PUT SOLE 165 0 0 RED HAT INC COM 756577102 7 342 SH CALL SOLE 342 0 0 LUCENT TECHNOLOGIES INC COM 549463107 59 783 SH PUT SOLE 783 0 0 BANK NEW YORK INC COM 064057102 62 185 SH PUT SOLE 185 0 0 YEX COM 76182K105 0 1460 SH PUT SOLE 1460 0 0 LUCENT TECHNOLOGIES INC COM 549463107 56 7174 SH CALL SOLE 7174 0 0 HALLIBURTON CO COM 406216101 428 4647 SH PUT SOLE 4647 0 0 MICHAELS STORES INC COM 594087108 11 87 SH CALL SOLE 87 0 0 SPRINT CORP COM 852061100 91 2380 SH PUT SOLE 2380 0 0 KMART HLDG CORPORATION COM 498780105 1356 2309 SH PUT SOLE 2309 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 25 308 SH PUT SOLE 308 0 0 ANNTAYLOR STORES CORP COM 036115103 6 126 SH CALL SOLE 126 0 0 NTL INC DEL COM 62940M104 13 50 SH PUT SOLE 50 0 0 BMC SOFTWARE INC COM 055921100 2 114 SH PUT SOLE 114 0 0 TELEFONOS DE MEXICO S A COM 879403780 21 215 SH PUT SOLE 215 0 0 CIT GROUP INC COM 125581108 8 172 SH PUT SOLE 172 0 0 CERNER CORP COM 156782104 7 101 SH PUT SOLE 101 0 0 ENSCO INTL INC COM 26874Q100 7 118 SH PUT SOLE 118 0 0 MIDWAY GAMES INC COM 598148104 15 116 SH CALL SOLE 116 0 0 NOVELL INC COM 670006105 8 229 SH CALL SOLE 229 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 341 2663 SH CALL SOLE 2663 0 0 BEAZER HOMES USA INC COM 07556Q105 29 295 SH PUT SOLE 295 0 0 KEYCORP NEW COM 493267108 4 82 SH PUT SOLE 82 0 0 LIBERTY MEDIA CORP NEW COM 530718105 22 884 SH PUT SOLE 884 0 0 LYONDELL CHEMICAL CO COM 552078107 36 1250 SH PUT SOLE 1250 0 0 RF MICRODEVICES INC COM 749941100 26 345 SH CALL SOLE 345 0 0 PAYCHEX INC COM 704326107 44 249 SH CALL SOLE 249 0 0 TERADYNE INC COM 880770102 38 645 SH PUT SOLE 645 0 0 TIVO INC COM 888706108 12 129 SH PUT SOLE 129 0 0 INTERSIL CORP COM 46069S109 14 187 SH CALL SOLE 187 0 0 PACIFICARE HEALTH SYS DEL COM 695112102 23 300 SH PUT SOLE 300 0 0 LIBERTY MEDIA CORP NEW COM 530718105 484 6781 SH CALL SOLE 6781 0 0 CALPINE CORP COM 131347106 23 1797 SH CALL SOLE 1797 0 0 COCA COLA ENTERPRISES INC COM 191219104 64 491 SH CALL SOLE 491 0 0 KRAFT FOODS INC COM 50075N104 23 184 SH PUT SOLE 184 0 0 NATIONAL CITY CORP COM 635405103 7 96 SH CALL SOLE 96 0 0 FOUNDRY NETWORKS INC COM 35063R100 0 148 SH PUT SOLE 148 0 0 PRUDENTIAL FINL INC COM 744320102 59 375 SH CALL SOLE 375 0 0 NABORS INDUSTRIES LTD COM G6359F103 44 483 SH PUT SOLE 483 0 0 CITRIX SYS INC COM 177376100 13 159 SH PUT SOLE 159 0 0 BALLARD PWR SYS INC COM 05858H104 0 188 SH CALL SOLE 188 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 14 103 SH CALL SOLE 103 0 0 CENDANT CORP COM 151313103 65 527 SH PUT SOLE 527 0 0 XEROX CORP COM 984121103 164 3786 SH PUT SOLE 3786 0 0 COACH INC COM 189754104 27 514 SH PUT SOLE 514 0 0 DOW CHEM CO COM 260543103 244 3408 SH PUT SOLE 3408 0 0 MBNA CORP COM 55262L100 36 1008 SH PUT SOLE 1008 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 27 208 SH CALL SOLE 208 0 0 AUTONATION INC COM 05329W102 9 167 SH PUT SOLE 167 0 0 E TRADE FINANCIAL CORP COM 269246104 63 589 SH PUT SOLE 589 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 61 246 SH CALL SOLE 246 0 0 CHESAPEAKE ENERGY CORP COM 165167107 13 197 SH CALL SOLE 197 0 0 ECHOSTAR COMMUNICATIONS NEW COM 278762109 38 192 SH CALL SOLE 192 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page33 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SBC COMMUNICATIONS INC COM 78387G103 646 9985 SH CALL SOLE 9985 0 0 ALLSTATE CORP COM 020002101 36 172 SH CALL SOLE 172 0 0 AUTOZONE INC COM 053332102 66 472 SH PUT SOLE 472 0 0 KEYCORP NEW COM 493267108 15 124 SH CALL SOLE 124 0 0 PHARMACEUTICAL HLDRS TR COM 71712A206 3 36 SH CALL SOLE 36 0 0 BELLSOUTH CORP COM 079860102 351 3538 SH CALL SOLE 3538 0 0 JDS UNIPHASE CORP COM 46612J101 44 712 SH PUT SOLE 712 0 0 BANK NEW YORK INC COM 064057102 69 479 SH CALL SOLE 479 0 0 KINDER MORGAN ENERGY PARTNER COM 494550106 0 338 SH CALL SOLE 338 0 0 ASTRAZENECA PLC COM 046353108 10 290 SH CALL SOLE 290 0 0 ALLIED CAP CORP NEW COM 01903Q108 17 172 SH CALL SOLE 172 0 0 ALLTEL CORP COM 020039103 60 232 SH PUT SOLE 232 0 0 ST JUDE MED INC COM 790849103 8 174 SH PUT SOLE 174 0 0 TIME WARNER INC COM 887317105 193 11742 SH PUT SOLE 11742 0 0 CIGNA CORP COM 125509109 13 172 SH PUT SOLE 172 0 0 SAFEWAY INC COM 786514208 19 1458 SH PUT SOLE 1458 0 0 STAPLES INC COM 855030102 11 137 SH PUT SOLE 137 0 0 SAFEWAY INC COM 786514208 20 222 SH CALL SOLE 222 0 0 GUIDANT CORP COM 401698105 127 3629 SH PUT SOLE 3629 0 0 APPLIED MATLS INC COM 038222105 345 4607 SH CALL SOLE 4607 0 0 YZU COM 449370105 0 487 SH PUT SOLE 487 0 0 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 12 84 SH CALL SOLE 84 0 0 MELLON FINL CORP COM 58551A108 24 240 SH CALL SOLE 240 0 0 CLOROX CO DEL COM 189054109 96 101 SH CALL SOLE 101 0 0 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 9 168 SH PUT SOLE 168 0 0 ALLIED CAP CORP NEW COM 01903Q108 30 546 SH PUT SOLE 546 0 0 NAUTILUS GROUP INC COM 63910B102 179 300 SH CALL SOLE 300 0 0 BCE INC COM 05534B109 41 242 SH PUT SOLE 242 0 0 AMERITRADE HLDG CORP NEW COM 03074K100 26 429 SH PUT SOLE 429 0 0 ACCENTURE LTD BERMUDA COM G1150G111 0 105 SH CALL SOLE 105 0 0 C D W CORP COM 12512N105 13 47 SH CALL SOLE 47 0 0 UNOCAL CORP COM 915289102 95 298 SH CALL SOLE 298 0 0 COMCAST CORP NEW COM 20030N200 63 1842 SH PUT SOLE 1842 0 0 SUN MICROSYSTEMS INC COM 866810104 116 3510 SH PUT SOLE 3510 0 0 GLOBALSANTAFE CORP COM G3930E101 0 202 SH PUT SOLE 202 0 0 CENTEX CORP COM 152312104 23 215 SH PUT SOLE 215 0 0 KROGER CO COM 501044101 12 348 SH PUT SOLE 348 0 0 MQX COM 12492Y105 0 1250 SH PUT SOLE 1250 0 0 TASER INTL INC COM 87651B104 35 583 SH PUT SOLE 583 0 0 WELLS FARGO & CO NEW COM 949746101 133 790 SH CALL SOLE 790 0 0 BROCADE COMMUNICATIONS SYS I COM 111621108 97 470 SH CALL SOLE 470 0 0 BARR PHARMACEUTICALS INC COM 068306109 1 57 SH PUT SOLE 57 0 0 UNUMPROVIDENT CORP COM 91529Y106 16 428 SH PUT SOLE 428 0 0 TRIMERIS INC COM 896263100 5 100 SH CALL SOLE 100 0 0 EDWARDS AG INC COM 281760108 28 225 SH PUT SOLE 225 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 24 514 SH CALL SOLE 514 0 0 PG&E CORP COM 69331C108 24 263 SH PUT SOLE 263 0 0 CHEVRONTEXACO CORP COM 166764100 109 3421 SH PUT SOLE 3421 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 27 263 SH CALL SOLE 263 0 0 WILLIAMS COS INC DEL COM 969457100 69 3933 SH PUT SOLE 3933 0 0 FRIEDMAN BILLINGS RAMSEY GRO COM 358434108 9 136 SH CALL SOLE 136 0 0 SIRIUS SATELLITE RADIO INC COM 82966U103 596 6104 SH CALL SOLE 6104 0 0 WILLIAMS SONOMA INC COM 969904101 5 75 SH PUT SOLE 75 0 0 SMITH INTL INC COM 832110100 43 376 SH PUT SOLE 376 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page34 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BP PLC COM 055622104 98 847 SH PUT SOLE 847 0 0 ALLSTATE CORP COM 020002101 35 533 SH PUT SOLE 533 0 0 GENERAL MLS INC COM 370334104 97 392 SH CALL SOLE 392 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 38 523 SH PUT SOLE 523 0 0 FEDERATED DEPT STORES INC DE COM 31410H101 12 245 SH PUT SOLE 245 0 0 BED BATH & BEYOND INC COM 075896100 48 429 SH PUT SOLE 429 0 0 MEDIMMUNE INC COM 584699102 63 818 SH CALL SOLE 818 0 0 CONSECO INC COM 208464883 179 763 SH PUT SOLE 763 0 0 ORACLE CORP COM 68389X105 423 5395 SH CALL SOLE 5395 0 0 ROWAN COS INC COM 779382100 121 835 SH CALL SOLE 835 0 0 AMERICAN EXPRESS CO COM 025816109 304 2136 SH PUT SOLE 2136 0 0 MCKESSON CORP COM 58155Q103 24 119 SH CALL SOLE 119 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 10 204 SH PUT SOLE 204 0 0 SUN MICROSYSTEMS INC COM 866810104 811 7593 SH CALL SOLE 7593 0 0 MYLAN LABS INC COM 628530107 51 605 SH PUT SOLE 605 0 0 WATERS CORP COM 941848103 13 107 SH CALL SOLE 107 0 0 SCHLUMBERGER LTD COM 806857108 55 1168 SH PUT SOLE 1168 0 0 SOHU COM INC COM 83408W103 0 278 SH CALL SOLE 278 0 0 CORNING INC COM 219350105 1333 7313 SH CALL SOLE 7313 0 0 WLP COM 94973H108 0 153 SH PUT SOLE 153 0 0 FIFTH THIRD BANCORP COM 316773100 59 685 SH CALL SOLE 685 0 0 INTERNET SEC SYS INC COM 46060X107 18 230 SH PUT SOLE 230 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 43 1404 SH PUT SOLE 1404 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 60 243 SH PUT SOLE 243 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 492 4723 SH PUT SOLE 4723 0 0 AFFYMETRIX INC COM 00826T108 0 105 SH PUT SOLE 105 0 0 RADIOSHACK CORP COM 750438103 18 71 SH CALL SOLE 71 0 0 ICOS CORP COM 449295104 0 620 SH CALL SOLE 620 0 0 DELL INC COM 24702R101 302 8437 SH PUT SOLE 8437 0 0 AVON PRODS INC COM 054303102 23 296 SH CALL SOLE 296 0 0 TECO ENERGY INC COM 872375100 77 2482 SH PUT SOLE 2482 0 0 MICHAELS STORES INC COM 594087108 33 330 SH PUT SOLE 330 0 0 NOKIA CORP COM 654902204 907 9475 SH CALL SOLE 9475 0 0 WILLIAMS SONOMA INC COM 969904101 6 114 SH CALL SOLE 114 0 0 ZIMMER HLDGS INC COM 98956P102 29 288 SH PUT SOLE 288 0 0 F5 NETWORKS INC COM 315616102 4 71 SH PUT SOLE 71 0 0 COMVERSE TECHNOLOGY INC COM 205862402 12 91 SH PUT SOLE 91 0 0 AMKOR TECHNOLOGY INC COM 031652100 20 131 SH PUT SOLE 131 0 0 AT&T CORP COM 001957505 433 4235 SH PUT SOLE 4235 0 0 TIVO INC COM 888706108 15 186 SH CALL SOLE 186 0 0 INTEL CORP COM 458140100 2089 16709 SH CALL SOLE 16709 0 0 MEDIMMUNE INC COM 584699102 33 201 SH PUT SOLE 201 0 0 SELECT SECTOR SPDR TR COM 81369Y506 66 270 SH CALL SOLE 270 0 0 AMERICA MOVIL S A DE C V COM 02364W105 30 41 SH CALL SOLE 41 0 0 CERADYNE INC COM 156710105 22 55 SH CALL SOLE 55 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 1236 5350 SH CALL SOLE 5350 0 0 HOME DEPOT INC COM 437076102 239 2515 SH PUT SOLE 2515 0 0 SIEBEL SYS INC COM 826170102 59 898 SH PUT SOLE 898 0 0 NPS PHARMACEUTICALS INC COM 62936P103 12 118 SH CALL SOLE 118 0 0 3COM CORP COM 885535104 163 485 SH PUT SOLE 485 0 0 KINDER MORGAN INC KANS COM 49455P101 31 212 SH PUT SOLE 212 0 0 ELECTRONIC DATA SYS NEW COM 285661104 626 1408 SH CALL SOLE 1408 0 0 D R HORTON INC COM 23331A109 15 65 SH PUT SOLE 65 0 0 TYCO INTL LTD NEW COM 902124106 363 4408 SH PUT SOLE 4408 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page35 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WLP COM 94973H108 0 121 SH CALL SOLE 121 0 0 RAYTHEON CO COM 755111507 13 142 SH PUT SOLE 142 0 0 HUMAN GENOME SCIENCES INC COM 444903108 22 133 SH CALL SOLE 133 0 0 IVAX CORP COM 465823102 18 121 SH CALL SOLE 121 0 0 MBNA CORP COM 55262L100 64 364 SH CALL SOLE 364 0 0 CYBERONICS INC COM 23251P102 98 431 SH CALL SOLE 431 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 6 371 SH PUT SOLE 371 0 0 CISCO SYS INC COM 17275R102 719 7429 SH CALL SOLE 7429 0 0 ELECTRONIC DATA SYS NEW COM 285661104 137 1058 SH PUT SOLE 1058 0 0 CORNING INC COM 219350105 418 6464 SH PUT SOLE 6464 0 0 WAL MART STORES INC COM 931142103 9228 12429 SH PUT SOLE 12429 0 0 COMCAST CORP NEW COM 20030N101 254 3474 SH PUT SOLE 3474 0 0 SIEBEL SYS INC COM 826170102 170 1326 SH CALL SOLE 1326 0 0 STMICROELECTRONICS N V COM 861012102 39 485 SH CALL SOLE 485 0 0 BEA SYS INC COM 073325102 66 624 SH PUT SOLE 624 0 0 U S G CORP COM 903293405 123 898 SH PUT SOLE 898 0 0 NIKE INC COM 654106103 19 267 SH PUT SOLE 267 0 0 WALGREEN CO COM 931422109 428 1438 SH CALL SOLE 1438 0 0 BELLSOUTH CORP COM 079860102 897 4392 SH PUT SOLE 4392 0 0 LEXAR MEDIA INC COM 52886P104 17 153 SH CALL SOLE 153 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 40 223 SH CALL SOLE 223 0 0 ANDREW CORP COM 034425108 20 355 SH CALL SOLE 355 0 0 CREE INC COM 225447101 0 682 SH PUT SOLE 682 0 0 RITE AID CORP COM 767754104 48 254 SH PUT SOLE 254 0 0 SOUTHERN CO COM 842587107 68 264 SH CALL SOLE 264 0 0 IVAX CORP COM 465823102 173 621 SH PUT SOLE 621 0 0 BEA SYS INC COM 073325102 13 194 SH CALL SOLE 194 0 0 CAPITAL ONE FINL CORP COM 14040H105 70 1244 SH PUT SOLE 1244 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 8 226 SH CALL SOLE 226 0 0 PMC-SIERRA INC COM 69344F106 55 501 SH CALL SOLE 501 0 0 STRYKER CORP COM 863667101 42 594 SH PUT SOLE 594 0 0 UNOCAL CORP COM 915289102 7 92 SH PUT SOLE 92 0 0 DISNEY WALT CO COM 254687106 319 4184 SH PUT SOLE 4184 0 0 TELLABS INC COM 879664100 26 798 SH CALL SOLE 798 0 0 VODAFONE GROUP PLC NEW COM 92857W100 47 1326 SH PUT SOLE 1326 0 0 NORTHROP GRUMMAN CORP COM 666807102 55 769 SH PUT SOLE 769 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 43 230 SH CALL SOLE 230 0 0 ANDRX CORP DEL COM 034553107 222 663 SH CALL SOLE 663 0 0 VISX INC DEL COM 92844S105 42 126 SH CALL SOLE 126 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 24 200 SH PUT SOLE 200 0 0 TARGET CORP COM 87612E106 31 890 SH PUT SOLE 890 0 0 LIMITED BRANDS INC COM 532716107 729 1920 SH CALL SOLE 1920 0 0 TENET HEALTHCARE CORP COM 88033G100 207 1663 SH CALL SOLE 1663 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 15 202 SH CALL SOLE 202 0 0 NORTEL NETWORKS CORP NEW COM 656568102 246 2393 SH PUT SOLE 2393 0 0 MARSH & MCLENNAN COS INC COM 571748102 312 906 SH CALL SOLE 906 0 0 AMKOR TECHNOLOGY INC COM 031652100 14 270 SH CALL SOLE 270 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 46 138 SH CALL SOLE 138 0 0 TIFFANY & CO NEW COM 886547108 73 348 SH PUT SOLE 348 0 0 MAYTAG CORP COM 578592107 36 218 SH PUT SOLE 218 0 0 UNIVISION COMMUNICATIONS INC COM 914906102 4585 6404 SH PUT SOLE 6404 0 0 BURLINGTON RES INC COM 122014103 35 681 SH PUT SOLE 681 0 0 WALGREEN CO COM 931422109 70 1224 SH PUT SOLE 1224 0 0 STAPLES INC COM 855030102 112 244 SH CALL SOLE 244 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page36 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RAYTHEON CO COM 755111507 17 73 SH CALL SOLE 73 0 0 SEMICONDUCTOR HLDRS TR COM 816636203 526 3241 SH PUT SOLE 3241 0 0 TELLABS INC COM 879664100 80 668 SH PUT SOLE 668 0 0 ADVANCED MICRO DEVICES INC COM 007903107 688 10020 SH PUT SOLE 10020 0 0 KNIGHT TRADING GROUP INC COM 499063105 28 212 SH PUT SOLE 212 0 0 US BANCORP DEL COM 902973304 36 917 SH PUT SOLE 917 0 0 APPLIED MATLS INC COM 038222105 453 5885 SH PUT SOLE 5885 0 0 COMPUTER ASSOC INTL INC COM 204912109 259 3181 SH PUT SOLE 3181 0 0 LINCARE HLDGS INC COM 532791100 0 288 SH PUT SOLE 288 0 0 PRUDENTIAL FINL INC COM 744320102 198 1120 SH PUT SOLE 1120 0 0 WHIRLPOOL CORP COM 963320106 118 270 SH CALL SOLE 270 0 0 TRANSOCEAN INC COM G90078109 290 933 SH PUT SOLE 933 0 0 BARRICK GOLD CORP COM 067901108 85 347 SH CALL SOLE 347 0 0 ABERCROMBIE & FITCH CO COM 002896207 33 564 SH PUT SOLE 564 0 0 BOSTON SCIENTIFIC CORP COM 101137107 179 1152 SH CALL SOLE 1152 0 0 BLOCK H & R INC COM 093671105 20 152 SH CALL SOLE 152 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 22 342 SH PUT SOLE 342 0 0 MEDTRONIC INC COM 585055106 90 820 SH CALL SOLE 820 0 0 SCHERING PLOUGH CORP COM 806605101 70 837 SH PUT SOLE 837 0 0 US BANCORP DEL COM 902973304 181 760 SH CALL SOLE 760 0 0 CONAGRA FOODS INC COM 205887102 65 379 SH CALL SOLE 379 0 0 LSI LOGIC CORP COM 502161102 53 338 SH PUT SOLE 338 0 0 ALTERA CORP COM 021441100 200 745 SH PUT SOLE 745 0 0 PATTERSON UTI ENERGY INC COM 703481101 122 472 SH CALL SOLE 472 0 0 SCHWAB CHARLES CORP NEW COM 808513105 10 265 SH CALL SOLE 265 0 0 AT&T CORP COM 001957505 785 5958 SH CALL SOLE 5958 0 0 AMERADA HESS CORP COM 023551104 117 1958 SH PUT SOLE 1958 0 0 CHUBB CORP COM 171232101 11 183 SH PUT SOLE 183 0 0 PANERA BREAD CO COM 69840W108 17 60 SH CALL SOLE 60 0 0 BOWATER INC COM 102183100 235 500 SH PUT SOLE 500 0 0 SONY CORP COM 835699307 37 259 SH PUT SOLE 259 0 0 NORTHWEST AIRLS CORP COM 667280101 273 907 SH CALL SOLE 907 0 0 MAYTAG CORP COM 578592107 111 752 SH CALL SOLE 752 0 0 WNQ COM 652487703 0 190 SH PUT SOLE 190 0 0 COSTCO WHSL CORP NEW COM 22160K105 47 824 SH PUT SOLE 824 0 0 EL PASO CORP COM 28336L109 206 692 SH PUT SOLE 692 0 0 PENNEY J C INC COM 708160106 43 657 SH PUT SOLE 657 0 0 INCO LTD COM 453258402 0 165 SH PUT SOLE 165 0 0 CHESAPEAKE ENERGY CORP COM 165167107 60 473 SH PUT SOLE 473 0 0 AMR CORP COM 001765106 156 3623 SH PUT SOLE 3623 0 0 FORD MTR CO DEL COM 345370860 2285 12594 SH CALL SOLE 12594 0 0 CARNIVAL CORP COM 143658300 137 138 SH CALL SOLE 138 0 0 COLGATE PALMOLIVE CO COM 194162103 97 556 SH CALL SOLE 556 0 0 BED BATH & BEYOND INC COM 075896100 55 502 SH CALL SOLE 502 0 0 DELTA AIR LINES INC DEL COM 247361108 261 1834 SH CALL SOLE 1834 0 0 EMULEX CORP COM 292475209 140 393 SH CALL SOLE 393 0 0 MARTEK BIOSCIENCES CORP COM 572901106 0 106 SH PUT SOLE 106 0 0 KROGER CO COM 501044101 39 221 SH CALL SOLE 221 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 24 177 SH PUT SOLE 177 0 0 DOUBLECLICK INC COM 258609304 15 203 SH PUT SOLE 203 0 0 SOFTWARE HOLDRS TR COM 83404B103 0 100 SH CALL SOLE 100 0 0 MONSTER WORLDWIDE INC COM 611742107 62 139 SH CALL SOLE 139 0 0 LOCKHEED MARTIN CORP COM 539830109 976 1756 SH PUT SOLE 1756 0 0 PATTERSON UTI ENERGY INC COM 703481101 73 871 SH PUT SOLE 871 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page37 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WASHINGTON MUT INC COM 939322103 392 2063 SH CALL SOLE 2063 0 0 SYNOPSYS INC COM 871607107 48 234 SH CALL SOLE 234 0 0 BOEING CO COM 097023105 95 2037 SH PUT SOLE 2037 0 0 CAREER EDUCATION CORP COM 141665109 26 281 SH PUT SOLE 281 0 0 VERISIGN INC COM 92343E102 58 531 SH PUT SOLE 531 0 0 DAIMLERCHRYSLER AG COM D1668R123 25 332 SH PUT SOLE 332 0 0 ANNTAYLOR STORES CORP COM 036115103 90 261 SH PUT SOLE 261 0 0 BROCADE COMMUNICATIONS SYS I COM 111621108 142 1530 SH PUT SOLE 1530 0 0 ACTIVISION INC NEW COM 004930202 0 116 SH CALL SOLE 116 0 0 GLAXOSMITHKLINE PLC COM 37733W105 32 211 SH CALL SOLE 211 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 55 169 SH CALL SOLE 169 0 0 SELECT SECTOR SPDR TR COM 81369Y605 28 129 SH CALL SOLE 129 0 0 YUM BRANDS INC COM 988498101 29 443 SH PUT SOLE 443 0 0 AMERICAN PWR CONVERSION CORP COM 029066107 36 254 SH PUT SOLE 254 0 0 SPX CORP COM 784635104 57 471 SH PUT SOLE 471 0 0 LEXAR MEDIA INC COM 52886P104 16 135 SH PUT SOLE 135 0 0 CABLEVISION SYS CORP COM 12686C109 35 3484 SH PUT SOLE 3484 0 0 NABORS INDUSTRIES LTD COM G6359F103 102 365 SH CALL SOLE 365 0 0 AMERICA MOVIL S A DE C V COM 02364W105 24 99 SH PUT SOLE 99 0 0 COCA COLA CO COM 191216100 1096 7933 SH CALL SOLE 7933 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 7 153 SH PUT SOLE 153 0 0 WILLIAMS COS INC DEL COM 969457100 1209 2948 SH CALL SOLE 2948 0 0 ERICSSON L M TEL CO COM 294821608 71 589 SH PUT SOLE 589 0 0 UNUMPROVIDENT CORP COM 91529Y106 49 132 SH CALL SOLE 132 0 0 MCAFEE INC COM 579064106 31 216 SH PUT SOLE 216 0 0 CIRCUIT CITY STORE INC COM 172737108 47 615 SH PUT SOLE 615 0 0 BAKER HUGHES INC COM 057224107 24 181 SH PUT SOLE 181 0 0 MARATHON OIL CORP COM 565849106 28 103 SH PUT SOLE 103 0 0 VERITAS SOFTWARE CO COM 923436109 156 1043 SH PUT SOLE 1043 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 52 190 SH PUT SOLE 190 0 0 VODAFONE GROUP PLC NEW COM 92857W100 633 2450 SH CALL SOLE 2450 0 0 CERADYNE INC COM 156710105 21 133 SH PUT SOLE 133 0 0 HONEYWELL INTL INC COM 438516106 59 605 SH CALL SOLE 605 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 52 502 SH PUT SOLE 502 0 0 ALTERA CORP COM 021441100 49 457 SH CALL SOLE 457 0 0 NAUTILUS GROUP INC COM 63910B102 24 442 SH PUT SOLE 442 0 0 SELECT SECTOR SPDR TR COM 81369Y506 9 98 SH PUT SOLE 98 0 0 ANDREW CORP COM 034425108 69 354 SH PUT SOLE 354 0 0 WHIRLPOOL CORP COM 963320106 23 220 SH PUT SOLE 220 0 0 VERIZON COMMUNICATIONS COM 92343V104 321 2881 SH CALL SOLE 2881 0 0 WAN COM 00184A105 0 4650 SH PUT SOLE 4650 0 0 E M C CORP MASS COM 268648102 113 3152 SH PUT SOLE 3152 0 0 SYNOPSYS INC COM 871607107 32 320 SH PUT SOLE 320 0 0 BAXTER INTL INC COM 071813109 74 4314 SH PUT SOLE 4314 0 0 JABIL CIRCUIT INC COM 466313103 38 335 SH CALL SOLE 335 0 0 GILEAD SCIENCES INC COM 375558103 473 1222 SH CALL SOLE 1222 0 0 AMERICAN ELEC PWR INC COM 025537101 136 483 SH CALL SOLE 483 0 0 JPMORGAN & CHASE & CO COM 46625H100 1055 8941 SH CALL SOLE 8941 0 0 WASTE MGMT INC DEL COM 94106L109 52 502 SH PUT SOLE 502 0 0 DUKE ENERGY CORP COM 264399106 69 316 SH CALL SOLE 316 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 123 422 SH CALL SOLE 422 0 0 CITIGROUP INC COM 172967101 895 3116 SH CALL SOLE 3116 0 0 TELEFONOS DE MEXICO S A COM 879403780 85 225 SH CALL SOLE 225 0 0 AMR CORP COM 001765106 1357 7054 SH CALL SOLE 7054 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page38 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CAMPBELL SOUP CO COM 134429109 45 131 SH CALL SOLE 131 0 0 EMULEX CORP COM 292475209 25 360 SH PUT SOLE 360 0 0 SYSCO CORP COM 871829107 31 133 SH CALL SOLE 133 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 198 856 SH CALL SOLE 856 0 0 NOVELLUS SYS INC COM 670008101 278 1681 SH CALL SOLE 1681 0 0 RF MICRODEVICES INC COM 749941100 74 530 SH PUT SOLE 530 0 0 BANK OF AMERICA CORPORATION COM 060505104 1341 5171 SH CALL SOLE 5171 0 0 HERSHEY FOODS CORP COM 427866108 25 85 SH CALL SOLE 85 0 0 ALCOA INC COM 013817101 283 2397 SH CALL SOLE 2397 0 0 ERESEARCHTECHNOLOGY INC COM 29481V108 74 185 SH CALL SOLE 185 0 0 INCO LTD COM 453258402 0 156 SH CALL SOLE 156 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 81 599 SH PUT SOLE 599 0 0 RETAIL HOLDRS TR COM 76127U101 11 219 SH PUT SOLE 219 0 0 WELLS FARGO & CO NEW COM 949746101 319 15691 SH PUT SOLE 15691 0 0 JETBLUE AWYS CORP COM 477143101 70 933 SH CALL SOLE 933 0 0 SEPRACOR INC COM 817315104 177 1243 SH PUT SOLE 1243 0 0 MOTOROLA INC COM 620076109 700 4083 SH PUT SOLE 4083 0 0 HUMAN GENOME SCIENCES INC COM 444903108 177 426 SH PUT SOLE 426 0 0 WELLPOINT INC COM 94973V107 38 281 SH PUT SOLE 281 0 0 KOHLS CORP COM 500255104 97 729 SH PUT SOLE 729 0 0 PALMONE INC COM 69713P107 27 143 SH CALL SOLE 143 0 0 KB HOME COM 48666K109 127 599 SH PUT SOLE 599 0 0 CIT GROUP INC COM 125581108 104 184 SH CALL SOLE 184 0 0 SONY CORP COM 835699307 25 263 SH CALL SOLE 263 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 402 3852 SH PUT SOLE 3852 0 0 CERNER CORP COM 156782104 40 92 SH CALL SOLE 92 0 0 LENNAR CORP COM 526057104 94 736 SH PUT SOLE 736 0 0 PLACER DOME INC COM 725906101 127 797 SH PUT SOLE 797 0 0 CISCO SYS INC COM 17275R102 1517 9075 SH PUT SOLE 9075 0 0 AETNA INC NEW COM 00817Y108 45 380 SH PUT SOLE 380 0 0 MONSTER WORLDWIDE INC COM 611742107 8 123 SH PUT SOLE 123 0 0 CIRCUIT CITY STORE INC COM 172737108 91 855 SH CALL SOLE 855 0 0 APACHE CORP COM 037411105 101 398 SH PUT SOLE 398 0 0 COCA COLA ENTERPRISES INC COM 191219104 6 107 SH PUT SOLE 107 0 0 GENERAL ELEC CO COM 369604103 2421 7160 SH CALL SOLE 7160 0 0 HARLEY DAVIDSON INC COM 412822108 166 812 SH PUT SOLE 812 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 1881 5266 SH PUT SOLE 5266 0 0 SEARS ROEBUCK & CO COM 812387108 28 564 SH PUT SOLE 564 0 0 AMERICAN EXPRESS CO COM 025816109 629 1813 SH CALL SOLE 1813 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 165 357 SH CALL SOLE 357 0 0 MFE COM 640938106 0 119 SH CALL SOLE 119 0 0 AMERICAN PWR CONVERSION CORP COM 029066107 113 590 SH CALL SOLE 590 0 0 SILICON STORAGE TECHNOLOGY I COM 827057100 30 100 SH PUT SOLE 100 0 0 ECHOSTAR COMMUNICATIONS NEW COM 278762109 74 752 SH PUT SOLE 752 0 0 STARBUCKS CORP COM 855244109 376 3304 SH PUT SOLE 3304 0 0 GENERAL MTRS CORP COM 370442105 627 9444 SH CALL SOLE 9444 0 0 CIENA CORP COM 171779101 261 939 SH PUT SOLE 939 0 0 KRAFT FOODS INC COM 50075N104 76 341 SH CALL SOLE 341 0 0 TENET HEALTHCARE CORP COM 88033G100 48 465 SH PUT SOLE 465 0 0 VALERO ENERGY CORP NEW COM 91913Y100 17 502 SH PUT SOLE 502 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 27 265 SH PUT SOLE 265 0 0 D R HORTON INC COM 23331A109 28 96 SH CALL SOLE 96 0 0 PMC-SIERRA INC COM 69344F106 84 709 SH PUT SOLE 709 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 124 1122 SH PUT SOLE 1122 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page39 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- vsw COM 45840Q101 0 3464 SH CALL SOLE 3464 0 0 CENDANT CORP COM 151313103 1264 2841 SH CALL SOLE 2841 0 0 CLOROX CO DEL COM 189054109 20 430 SH PUT SOLE 430 0 0 GILLETTE CO COM 375766102 1379 2320 SH PUT SOLE 2320 0 0 GEORGIA PAC CORP COM 373298108 8 141 SH PUT SOLE 141 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 116 438 SH CALL SOLE 438 0 0 CARDINAL HEALTH INC COM 14149Y108 41 398 SH PUT SOLE 398 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 427 847 SH CALL SOLE 847 0 0 LILLY ELI & CO COM 532457108 149 1475 SH CALL SOLE 1475 0 0 WATERS CORP COM 941848103 6 165 SH PUT SOLE 165 0 0 TIFFANY & CO NEW COM 886547108 15 91 SH CALL SOLE 91 0 0 ANADARKO PETE CORP COM 032511107 314 1416 SH PUT SOLE 1416 0 0 BARR PHARMACEUTICALS INC COM 068306109 26 88 SH CALL SOLE 88 0 0 MERCK & CO INC COM 589331107 1178 7864 SH CALL SOLE 7864 0 0 NORTHROP GRUMMAN CORP COM 666807102 374 803 SH CALL SOLE 803 0 0 CITRIX SYS INC COM 177376100 51 197 SH CALL SOLE 197 0 0 ST JUDE MED INC COM 790849103 42 150 SH CALL SOLE 150 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 68 419 SH PUT SOLE 419 0 0 GAP INC DEL COM 364760108 154 1431 SH CALL SOLE 1431 0 0 E M C CORP MASS COM 268648102 1270 4020 SH CALL SOLE 4020 0 0 TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 0 224 SH CALL SOLE 224 0 0 HEWLETT PACKARD CO COM 428236103 1664 5390 SH CALL SOLE 5390 0 0 LINEAR TECHNOLOGY CORP COM 535678106 434 1363 SH CALL SOLE 1363 0 0 AMERICREDIT CORP COM 03060R101 23 348 SH PUT SOLE 348 0 0 SOVEREIGN BANCORP INC COM 845905108 31 209 SH CALL SOLE 209 0 0 SOVEREIGN BANCORP INC COM 845905108 65 922 SH PUT SOLE 922 0 0 ELECTRONIC ARTS INC COM 285512109 52 761 SH PUT SOLE 761 0 0 BJ SVCS CO COM 055482103 63 313 SH PUT SOLE 313 0 0 YUM BRANDS INC COM 988498101 160 210 SH CALL SOLE 210 0 0 ALBERTSONS INC COM 013104104 23 221 SH PUT SOLE 221 0 0 JOHNSON & JOHNSON COM 478160104 631 4397 SH PUT SOLE 4397 0 0 CONTINENTAL AIRLS INC COM 210795308 36 141 SH PUT SOLE 141 0 0 RYLAND GROUP INC COM 783764103 0 803 SH PUT SOLE 803 0 0 COMCAST CORP NEW COM 20030N200 2202 4869 SH CALL SOLE 4869 0 0 FUELCELL ENERGY INC COM 35952H106 21 105 SH PUT SOLE 105 0 0 DANAHER CORP DEL COM 235851102 37 588 SH PUT SOLE 588 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 48 443 SH CALL SOLE 443 0 0 QUALCOMM INC COM 747525103 800 5975 SH PUT SOLE 5975 0 0 MICRON TECHNOLOGY INC COM 595112103 239 1732 SH PUT SOLE 1732 0 0 PFIZER INC COM 717081103 1473 14194 SH CALL SOLE 14194 0 0 CVS CORP COM 126650100 86 283 SH CALL SOLE 283 0 0 CVS CORP COM 126650100 49 376 SH PUT SOLE 376 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 29 365 SH PUT SOLE 365 0 0 KING PHARMACEUTICALS INC COM 495582108 73 977 SH PUT SOLE 977 0 0 FOREST LABS INC COM 345838106 188 689 SH CALL SOLE 689 0 0 WHOLE FOODS MKT INC COM 966837106 74 323 SH PUT SOLE 323 0 0 MARVEL ENTERPRISES INC COM 57383M108 0 309 SH CALL SOLE 309 0 0 TOLL BROTHERS INC COM 889478103 67 428 SH PUT SOLE 428 0 0 BIOVAIL CORP COM 09067J109 63 592 SH CALL SOLE 592 0 0 TEXAS INSTRS INC COM 882508104 1911 7690 SH CALL SOLE 7690 0 0 PEPSICO INC COM 713448108 217 2438 SH PUT SOLE 2438 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 87 451 SH PUT SOLE 451 0 0 BOEING CO COM 097023105 1244 1907 SH CALL SOLE 1907 0 0 ERESEARCHTECHNOLOGY INC COM 29481V108 116 299 SH PUT SOLE 299 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page40 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- IAC INTERACTIVECORP COM 44919P102 145 680 SH CALL SOLE 680 0 0 LEHMAN BROS HLDGS INC COM 524908100 1213 3401 SH PUT SOLE 3401 0 0 FIRST DATA CORP COM 319963104 95 565 SH PUT SOLE 565 0 0 FIRST DATA CORP COM 319963104 194 1210 SH CALL SOLE 1210 0 0 TRIMERIS INC COM 896263100 79 291 SH PUT SOLE 291 0 0 SEARS ROEBUCK & CO COM 812387108 322 1417 SH CALL SOLE 1417 0 0 SOUTHWEST AIRLS CO COM 844741108 37 402 SH PUT SOLE 402 0 0 WACHOVIA CORP 2ND NEW COM 929903102 24 1071 SH PUT SOLE 1071 0 0 MILLENNIUM PHARMACEUTICALS I COM 599902103 164 569 SH PUT SOLE 569 0 0 NEWS CORP COM 65248E203 0 286 SH CALL SOLE 286 0 0 FRIEDMAN BILLINGS RAMSEY GRO COM 358434108 66 384 SH PUT SOLE 384 0 0 PNC FINL SVCS GROUP INC COM 693475105 14 285 SH PUT SOLE 285 0 0 GILLETTE CO COM 375766102 220 570 SH CALL SOLE 570 0 0 SPX CORP COM 784635104 86 359 SH CALL SOLE 359 0 0 NOVELL INC COM 670006105 81 765 SH PUT SOLE 765 0 0 NVIDIA CORP COM 67066G104 72 1388 SH PUT SOLE 1388 0 0 DEVON ENERGY CORP NEW COM 25179M103 171 1439 SH PUT SOLE 1439 0 0 COMPUTER SCIENCES CORP COM 205363104 95 275 SH CALL SOLE 275 0 0 PULTE HOMES INC COM 745867101 208 982 SH PUT SOLE 982 0 0 MICROSOFT CORP COM 594918104 8277 63950 SH CALL SOLE 63950 0 0 OSI PHARMACEUTICALS INC COM 671040103 58 5310 SH PUT SOLE 5310 0 0 BIOVAIL CORP COM 09067J109 140 671 SH PUT SOLE 671 0 0 AMDOCS LTD COM G02602103 0 434 SH CALL SOLE 434 0 0 SOUTHWEST AIRLS CO COM 844741108 51 305 SH CALL SOLE 305 0 0 MERRILL LYNCH & CO INC COM 590188108 1152 3427 SH CALL SOLE 3427 0 0 NAVISTAR INTL CORP NEW COM 63934E108 215 1032 SH PUT SOLE 1032 0 0 EDWARDS AG INC COM 281760108 71 127 SH CALL SOLE 127 0 0 CONTINENTAL AIRLS INC COM 210795308 482 1236 SH CALL SOLE 1236 0 0 PALMONE INC COM 69713P107 53 225 SH PUT SOLE 225 0 0 NUCOR CORP COM 670346105 392 1622 SH PUT SOLE 1622 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 0 484 SH PUT SOLE 484 0 0 CARMAX INC COM 143130102 37 67 SH CALL SOLE 67 0 0 QLT INC COM 746927102 0 147 SH PUT SOLE 147 0 0 STRYKER CORP COM 863667101 42 284 SH CALL SOLE 284 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 58 333 SH PUT SOLE 333 0 0 GAP INC DEL COM 364760108 65 717 SH PUT SOLE 717 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 69 115 SH PUT SOLE 115 0 0 MCAFEE INC COM 579064106 111 281 SH CALL SOLE 281 0 0 INVITROGEN CORP COM 46185R100 80 346 SH PUT SOLE 346 0 0 CELGENE CORP COM 151020104 170 639 SH CALL SOLE 639 0 0 FLEXTRONICS INTL LTD COM Y2573F102 471 3042 SH CALL SOLE 3042 0 0 yoy COM 902984103 0 1197 SH CALL SOLE 1197 0 0 AVON PRODS INC COM 054303102 27 172 SH PUT SOLE 172 0 0 PEOPLESOFT INC COM 712713106 1653 3225 SH CALL SOLE 3225 0 0 UTSTARCOM INC COM 918076100 0 1060 SH CALL SOLE 1060 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 70 189 SH CALL SOLE 189 0 0 ABBOTT LABS COM 002824100 846 2050 SH CALL SOLE 2050 0 0 HEWLETT PACKARD CO COM 428236103 466 5058 SH PUT SOLE 5058 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 126 1747 SH CALL SOLE 1747 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 23 320 SH PUT SOLE 320 0 0 AMERISOURCEBERGEN CORP COM 03073E105 135 445 SH CALL SOLE 445 0 0 AMERITRADE HLDG CORP NEW COM 03074K100 100 208 SH CALL SOLE 208 0 0 PROCTER & GAMBLE CO COM 742718109 1884 5310 SH CALL SOLE 5310 0 0 COMVERSE TECHNOLOGY INC COM 205862402 161 328 SH CALL SOLE 328 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page41 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AON CORP COM 037389103 34 243 SH CALL SOLE 243 0 0 LAM RESEARCH CORP COM 512807108 66 195 SH CALL SOLE 195 0 0 ALCATEL COM 013904305 26 141 SH PUT SOLE 141 0 0 PLACER DOME INC COM 725906101 71 323 SH CALL SOLE 323 0 0 ANHEUSER BUSCH COS INC COM 035229103 71 2072 SH PUT SOLE 2072 0 0 CHICAGO MERCANTILE HLDGS INC COM 167760107 25 184 SH PUT SOLE 184 0 0 AMGEN INC COM 031162100 1302 5895 SH PUT SOLE 5895 0 0 COMPUTER ASSOC INTL INC COM 204912109 3253 4767 SH CALL SOLE 4767 0 0 NOKIA CORP COM 654902204 693 6371 SH PUT SOLE 6371 0 0 EXXON MOBIL CORP COM 30231G102 495 5440 SH PUT SOLE 5440 0 0 C D W CORP COM 12512N105 16 139 SH PUT SOLE 139 0 0 ALTRIA GROUP INC COM 02209S103 1652 9657 SH PUT SOLE 9657 0 0 OMNICOM GROUP INC COM 681919106 69 157 SH PUT SOLE 157 0 0 HOME DEPOT INC COM 437076102 641 5922 SH CALL SOLE 5922 0 0 CATERPILLAR INC DEL COM 149123101 73 985 SH PUT SOLE 985 0 0 CORINTHIAN COLLEGES INC COM 218868107 0 284 SH CALL SOLE 284 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 346 1648 SH PUT SOLE 1648 0 0 AUTOZONE INC COM 053332102 157 174 SH CALL SOLE 174 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 227 1450 SH CALL SOLE 1450 0 0 MERCURY INTERACTIVE CORP COM 589405109 209 815 SH PUT SOLE 815 0 0 MICRON TECHNOLOGY INC COM 595112103 3981 24183 SH CALL SOLE 24183 0 0 LYONDELL CHEMICAL CO COM 552078107 93 228 SH CALL SOLE 228 0 0 PNC FINL SVCS GROUP INC COM 693475105 114 440 SH CALL SOLE 440 0 0 SPRINT CORP COM 852061100 549 2748 SH CALL SOLE 2748 0 0 REYNOLDS AMERICAN INC COM 761713106 343 392 SH CALL SOLE 392 0 0 ROYAL DUTCH PETE CO COM 780257804 632 935 SH CALL SOLE 935 0 0 RETAIL HOLDRS TR COM 76127U101 112 310 SH CALL SOLE 310 0 0 E TRADE FINANCIAL CORP COM 269246104 102 260 SH CALL SOLE 260 0 0 CAESARS ENTMT INC COM 127687101 535 3417 SH CALL SOLE 3417 0 0 WYETH COM 983024100 415 1171 SH CALL SOLE 1171 0 0 ASTRAZENECA PLC COM 046353108 60 226 SH PUT SOLE 226 0 0 CHEVRONTEXACO CORP COM 166764100 2748 4982 SH CALL SOLE 4982 0 0 PROCTER & GAMBLE CO COM 742718109 907 6459 SH PUT SOLE 6459 0 0 SIRIUS SATELLITE RADIO INC COM 82966U103 838 1829 SH PUT SOLE 1829 0 0 GENZYME CORP COM 372917104 263 1289 SH PUT SOLE 1289 0 0 NEXTEL COMMUNICATIONS INC COM 65332V103 344 3445 SH PUT SOLE 3445 0 0 LINCARE HLDGS INC COM 532791100 0 176 SH CALL SOLE 176 0 0 FORD MTR CO DEL COM 345370860 651 13845 SH PUT SOLE 13845 0 0 SMITH INTL INC COM 832110100 63 334 SH CALL SOLE 334 0 0 FEDERATED DEPT STORES INC DE COM 31410H101 206 304 SH CALL SOLE 304 0 0 UNITED PARCEL SERVICE INC COM 911312106 48 843 SH PUT SOLE 843 0 0 BJ SVCS CO COM 055482103 118 1175 SH CALL SOLE 1175 0 0 UNITED STATES STL CORP NEW COM 912909108 180 3451 SH PUT SOLE 3451 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 989 5704 SH CALL SOLE 5704 0 0 SYMANTEC CORP COM 871503108 311 2413 SH PUT SOLE 2413 0 0 TEXAS INSTRS INC COM 882508104 482 5367 SH PUT SOLE 5367 0 0 ADVANCED MICRO DEVICES INC COM 007903107 2577 6399 SH CALL SOLE 6399 0 0 HONEYWELL INTL INC COM 438516106 1073 5434 SH PUT SOLE 5434 0 0 SINA CORP COM G81477104 169 764 SH PUT SOLE 764 0 0 GENZYME CORP COM 372917104 2508 2525 SH CALL SOLE 2525 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 35 238 SH CALL SOLE 238 0 0 COMCAST CORP NEW COM 20030N101 565 1469 SH CALL SOLE 1469 0 0 ALTRIA GROUP INC COM 02209S103 1898 6202 SH CALL SOLE 6202 0 0 APOLLO GROUP INC COM 037604105 208 481 SH CALL SOLE 481 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page42 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MEDTRONIC INC COM 585055106 153 923 SH PUT SOLE 923 0 0 KLA-TENCOR CORP COM 482480100 642 757 SH PUT SOLE 757 0 0 NIKE INC COM 654106103 107 101 SH CALL SOLE 101 0 0 BURLINGTON RES INC COM 122014103 92 427 SH CALL SOLE 427 0 0 SCHERING PLOUGH CORP COM 806605101 1825 5207 SH CALL SOLE 5207 0 0 GENERAL MLS INC COM 370334104 40 207 SH PUT SOLE 207 0 0 GILEAD SCIENCES INC COM 375558103 192 753 SH PUT SOLE 753 0 0 NUCOR CORP COM 670346105 364 777 SH CALL SOLE 777 0 0 VJC COM 652487703 0 107 SH CALL SOLE 107 0 0 MORGAN STANLEY COM 617446448 249 2759 SH PUT SOLE 2759 0 0 FLEXTRONICS INTL LTD COM Y2573F102 420 5975 SH PUT SOLE 5975 0 0 FEDERAL HOME LN MTG CORP COM 313400301 95 397 SH PUT SOLE 397 0 0 VIACOM INC COM 925524308 461 1265 SH CALL SOLE 1265 0 0 NETWORK APPLIANCE INC COM 64120L104 119 1213 SH PUT SOLE 1213 0 0 PROVIDIAN FINL CORP COM 74406A102 456 1037 SH CALL SOLE 1037 0 0 GLOBALSANTAFE CORP COM G3930E101 0 444 SH CALL SOLE 444 0 0 AON CORP COM 037389103 20 160 SH PUT SOLE 160 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 609 1521 SH CALL SOLE 1521 0 0 TYCO INTL LTD NEW COM 902124106 2626 7427 SH CALL SOLE 7427 0 0 BEAR STEARNS COS INC COM 073902108 123 802 SH PUT SOLE 802 0 0 ANHEUSER BUSCH COS INC COM 035229103 50 453 SH CALL SOLE 453 0 0 INTEL CORP COM 458140100 5121 13316 SH PUT SOLE 13316 0 0 PENNEY J C INC COM 708160106 1581 2355 SH CALL SOLE 2355 0 0 MARTEK BIOSCIENCES CORP COM 572901106 0 108 SH CALL SOLE 108 0 0 CAREMARK RX INC COM 141705103 44 146 SH CALL SOLE 146 0 0 CELGENE CORP COM 151020104 435 1601 SH PUT SOLE 1601 0 0 KLA-TENCOR CORP COM 482480100 276 1140 SH CALL SOLE 1140 0 0 HALLIBURTON CO COM 406216101 397 1426 SH CALL SOLE 1426 0 0 QLOGIC CORP COM 747277101 425 924 SH CALL SOLE 924 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 955 1788 SH CALL SOLE 1788 0 0 TIME WARNER INC COM 887317105 3159 9440 SH CALL SOLE 9440 0 0 MOTOROLA INC COM 620076109 2514 8483 SH CALL SOLE 8483 0 0 RED HAT INC COM 756577102 237 833 SH PUT SOLE 833 0 0 YAHOO INC COM 984332106 1340 7567 SH PUT SOLE 7567 0 0 LOCKHEED MARTIN CORP COM 539830109 985 2608 SH CALL SOLE 2608 0 0 XEROX CORP COM 984121103 6622 9711 SH CALL SOLE 9711 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 26 108 SH CALL SOLE 108 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 112 649 SH PUT SOLE 649 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 91 499 SH PUT SOLE 499 0 0 PENN NATL GAMING INC COM 707569109 30 114 SH CALL SOLE 114 0 0 DEUTSCHE TELEKOM AG COM 251566105 45 146 SH CALL SOLE 146 0 0 BIOTECH HOLDERS TR COM 09067D201 265 433 SH PUT SOLE 433 0 0 ICOS CORP COM 449295104 0 422 SH PUT SOLE 422 0 0 LAM RESEARCH CORP COM 512807108 50 541 SH PUT SOLE 541 0 0 ROYAL DUTCH PETE CO COM 780257804 469 1903 SH PUT SOLE 1903 0 0 NOVELLUS SYS INC COM 670008101 333 1299 SH PUT SOLE 1299 0 0 VERISIGN INC COM 92343E102 130 234 SH CALL SOLE 234 0 0 INTL PAPER CO COM 460146103 71 442 SH CALL SOLE 442 0 0 MCDONALDS CORP COM 580135101 1496 5809 SH CALL SOLE 5809 0 0 BALLARD PWR SYS INC COM 05858H104 0 333 SH PUT SOLE 333 0 0 BEST BUY INC COM 086516101 557 2609 SH PUT SOLE 2609 0 0 EASTMAN KODAK CO COM 277461109 525 4616 SH PUT SOLE 4616 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 291 490 SH PUT SOLE 490 0 0 LOWES COS INC COM 548661107 144 877 SH PUT SOLE 877 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page43 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BIOGEN IDEC INC COM 09062X103 338 2277 SH PUT SOLE 2277 0 0 ALCATEL COM 013904305 48 137 SH CALL SOLE 137 0 0 AMERISOURCEBERGEN CORP COM 03073E105 126 2313 SH PUT SOLE 2313 0 0 DEERE & CO COM 244199105 81 855 SH PUT SOLE 855 0 0 APOLLO GROUP INC COM 037604105 55 409 SH PUT SOLE 409 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 834 6232 SH PUT SOLE 6232 0 0 TOYS R US INC COM 892335100 394 1336 SH CALL SOLE 1336 0 0 PG&E CORP COM 69331C108 2090 4014 SH CALL SOLE 4014 0 0 AMERICAN TOWER CORP COM 029912201 0 409 SH CALL SOLE 409 0 0 CEPHALON INC COM 156708109 211 637 SH PUT SOLE 637 0 0 PHELPS DODGE CORP COM 717265102 182 1189 SH PUT SOLE 1189 0 0 APACHE CORP COM 037411105 174 606 SH CALL SOLE 606 0 0 JUNIPER NETWORKS INC COM 48203R104 152 1321 SH PUT SOLE 1321 0 0 COSTCO WHSL CORP NEW COM 22160K105 218 605 SH CALL SOLE 605 0 0 TASER INTL INC COM 87651B104 514 844 SH CALL SOLE 844 0 0 WDQ COM 247025109 0 1148 SH CALL SOLE 1148 0 0 INTERNET SEC SYS INC COM 46060X107 42 146 SH CALL SOLE 146 0 0 ZIMMER HLDGS INC COM 98956P102 60 390 SH CALL SOLE 390 0 0 KIMBERLY CLARK CORP COM 494368103 345 612 SH PUT SOLE 612 0 0 BANK OF AMERICA CORPORATION COM 060505104 396 5711 SH PUT SOLE 5711 0 0 GENERAL ELEC CO COM 369604103 771 10654 SH PUT SOLE 10654 0 0 CV THERAPEUTICS INC COM 126667104 380 643 SH CALL SOLE 643 0 0 ANALOG DEVICES INC COM 032654105 45 354 SH CALL SOLE 354 0 0 ALCOA INC COM 013817101 278 1954 SH PUT SOLE 1954 0 0 DISNEY WALT CO COM 254687106 2121 5462 SH CALL SOLE 5462 0 0 DAIMLERCHRYSLER AG COM D1668R123 430 667 SH CALL SOLE 667 0 0 NAVISTAR INTL CORP NEW COM 63934E108 200 462 SH CALL SOLE 462 0 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 143 344 SH PUT SOLE 344 0 0 CHUBB CORP COM 171232101 50 160 SH CALL SOLE 160 0 0 KOHLS CORP COM 500255104 139 1369 SH CALL SOLE 1369 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 383 439 SH CALL SOLE 439 0 0 LEXMARK INTL NEW COM 529771107 99 465 SH PUT SOLE 465 0 0 NVIDIA CORP COM 67066G104 689 1214 SH CALL SOLE 1214 0 0 AMDOCS LTD COM G02602103 0 522 SH PUT SOLE 522 0 0 BP PLC COM 055622104 152 609 SH CALL SOLE 609 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 37 176 SH PUT SOLE 176 0 0 GEORGIA PAC CORP COM 373298108 203 382 SH CALL SOLE 382 0 0 ANDRX CORP DEL COM 034553107 99 488 SH PUT SOLE 488 0 0 AMERICREDIT CORP COM 03060R101 189 502 SH CALL SOLE 502 0 0 AFFYMETRIX INC COM 00826T108 0 119 SH CALL SOLE 119 0 0 SUNOCO INC COM 86764P109 88 166 SH CALL SOLE 166 0 0 CEPHALON INC COM 156708109 197 511 SH CALL SOLE 511 0 0 QLOGIC CORP COM 747277101 213 775 SH PUT SOLE 775 0 0 CENTEX CORP COM 152312104 228 299 SH CALL SOLE 299 0 0 SYMANTEC CORP COM 871503108 213 999 SH CALL SOLE 999 0 0 OVERSTOCK COM INC DEL COM 690370101 121 80 SH CALL SOLE 80 0 0 CABLEVISION SYS CORP COM 12686C109 129 624 SH CALL SOLE 624 0 0 SEALED AIR CORP NEW COM 81211K100 254 397 SH CALL SOLE 397 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 122 250 SH CALL SOLE 250 0 0 APPLE COMPUTER INC COM 037833100 849 8913 SH PUT SOLE 8913 0 0 DOW CHEM CO COM 260543103 1064 1482 SH CALL SOLE 1482 0 0 NEXTEL COMMUNICATIONS INC COM 65332V103 4156 6266 SH CALL SOLE 6266 0 0 XILINX INC COM 983919101 92 666 SH CALL SOLE 666 0 0 FEDEX CORP COM 31428X106 88 429 SH PUT SOLE 429 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page44 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BROADCOM CORP COM 111320107 458 1646 SH PUT SOLE 1646 0 0 HCA INC COM 404119109 183 740 SH PUT SOLE 740 0 0 DEVON ENERGY CORP NEW COM 25179M103 356 791 SH CALL SOLE 791 0 0 WHOLE FOODS MKT INC COM 966837106 131 159 SH CALL SOLE 159 0 0 SCIENTIFIC ATLANTA INC COM 808655104 126 299 SH CALL SOLE 299 0 0 WAL MART STORES INC COM 931142103 896 16570 SH CALL SOLE 16570 0 0 CONOCOPHILLIPS COM 20825C104 370 552 SH PUT SOLE 552 0 0 GENERAL DYNAMICS CORP COM 369550108 57 254 SH PUT SOLE 254 0 0 TXU CORP COM 873168108 122 663 SH PUT SOLE 663 0 0 SANDISK CORP COM 80004C101 634 2905 SH PUT SOLE 2905 0 0 LENNAR CORP COM 526057104 711 983 SH CALL SOLE 983 0 0 YEX COM 76182K105 0 379 SH CALL SOLE 379 0 0 INTUIT COM 461202103 183 433 SH PUT SOLE 433 0 0 FEDERAL NATL MTG ASSN COM 313586109 1080 2747 SH CALL SOLE 2747 0 0 ERICSSON L M TEL CO COM 294821608 288 582 SH CALL SOLE 582 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 88 394 SH CALL SOLE 394 0 0 MICROSTRATEGY INC COM 594972408 0 191 SH CALL SOLE 191 0 0 CITIGROUP INC COM 172967101 4729 14585 SH PUT SOLE 14585 0 0 INVITROGEN CORP COM 46185R100 197 378 SH CALL SOLE 378 0 0 KIMBERLY CLARK CORP COM 494368103 430 829 SH CALL SOLE 829 0 0 CREE INC COM 225447101 0 1431 SH CALL SOLE 1431 0 0 EASTMAN KODAK CO COM 277461109 329 726 SH CALL SOLE 726 0 0 CAREER EDUCATION CORP COM 141665109 176 562 SH CALL SOLE 562 0 0 SEALED AIR CORP NEW COM 81211K100 39 137 SH PUT SOLE 137 0 0 PEPSICO INC COM 713448108 2004 5802 SH CALL SOLE 5802 0 0 COACH INC COM 189754104 91 168 SH CALL SOLE 168 0 0 UNITED TECHNOLOGIES CORP COM 913017109 116 1083 SH PUT SOLE 1083 0 0 NETFLIX COM INC COM 64110L106 362 273 SH PUT SOLE 273 0 0 VALERO ENERGY CORP NEW COM 91913Y100 473 689 SH CALL SOLE 689 0 0 DANAHER CORP DEL COM 235851102 510 650 SH CALL SOLE 650 0 0 UNITED TECHNOLOGIES CORP COM 913017109 1062 1273 SH CALL SOLE 1273 0 0 MBIA INC COM 55262C100 30 460 SH PUT SOLE 460 0 0 WYETH COM 983024100 875 725 SH PUT SOLE 725 0 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 146 165 SH CALL SOLE 165 0 0 ELAN PLC COM 284131208 275 1449 SH PUT SOLE 1449 0 0 ELECTRONIC ARTS INC COM 285512109 403 750 SH CALL SOLE 750 0 0 BAKER HUGHES INC COM 057224107 117 435 SH CALL SOLE 435 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 464 1242 SH PUT SOLE 1242 0 0 INTL PAPER CO COM 460146103 367 1244 SH PUT SOLE 1244 0 0 RAMBUS INC DEL COM 750917106 344 1662 SH CALL SOLE 1662 0 0 SEMICONDUCTOR HLDRS TR COM 816636203 1267 2608 SH CALL SOLE 2608 0 0 ANALOG DEVICES INC COM 032654105 103 348 SH PUT SOLE 348 0 0 QUEST DIAGNOSTICS INC COM 74834L100 62 525 SH PUT SOLE 525 0 0 CATERPILLAR INC DEL COM 149123101 1038 844 SH CALL SOLE 844 0 0 COCA COLA CO COM 191216100 3678 7537 SH PUT SOLE 7537 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 95 125 SH CALL SOLE 125 0 0 ALLTEL CORP COM 020039103 271 390 SH CALL SOLE 390 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 326 270 SH CALL SOLE 270 0 0 JOHNSON & JOHNSON COM 478160104 3836 4946 SH CALL SOLE 4946 0 0 GENENTECH INC COM 368710406 381 986 SH PUT SOLE 986 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 308 752 SH CALL SOLE 752 0 0 COLGATE PALMOLIVE CO COM 194162103 282 1789 SH PUT SOLE 1789 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 96 226 SH CALL SOLE 226 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 118 188 SH CALL SOLE 188 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page45 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CV THERAPEUTICS INC COM 126667104 123 508 SH PUT SOLE 508 0 0 SBC COMMUNICATIONS INC COM 78387G103 1848 9408 SH PUT SOLE 9408 0 0 F5 NETWORKS INC COM 315616102 135 125 SH CALL SOLE 125 0 0 TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 0 209 SH PUT SOLE 209 0 0 BOSTON SCIENTIFIC CORP COM 101137107 1139 2810 SH PUT SOLE 2810 0 0 FOREST LABS INC COM 345838106 195 422 SH PUT SOLE 422 0 0 OIL SVC HOLDRS TR COM 678002106 218 484 SH CALL SOLE 484 0 0 ASK JEEVES INC COM 045174109 198 333 SH PUT SOLE 333 0 0 NASDAQ 100 TR COM 631100104 21400 97621 SH PUT SOLE 97621 0 0 MORGAN STANLEY COM 617446448 1097 4152 SH CALL SOLE 4152 0 0 MERRILL LYNCH & CO INC COM 590188108 470 2740 SH PUT SOLE 2740 0 0 BROADCOM CORP COM 111320107 653 2454 SH CALL SOLE 2454 0 0 OIL SVC HOLDRS TR COM 678002106 203 1454 SH PUT SOLE 1454 0 0 MICROSOFT CORP COM 594918104 2714 47057 SH PUT SOLE 47057 0 0 TXU CORP COM 873168108 100 269 SH CALL SOLE 269 0 0 VIACOM INC COM 925524308 489 2734 SH PUT SOLE 2734 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 127 721 SH PUT SOLE 721 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 461 1084 SH PUT SOLE 1084 0 0 NEWMONT MINING CORP COM 651639106 1523 3440 SH PUT SOLE 3440 0 0 CONOCOPHILLIPS COM 20825C104 607 1492 SH CALL SOLE 1492 0 0 QUALCOMM INC COM 747525103 2416 3969 SH CALL SOLE 3969 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 980 4755 SH PUT SOLE 4755 0 0 BLOCK H & R INC COM 093671105 54 225 SH PUT SOLE 225 0 0 GENENTECH INC COM 368710406 462 877 SH CALL SOLE 877 0 0 LINEAR TECHNOLOGY CORP COM 535678106 330 1235 SH PUT SOLE 1235 0 0 CIGNA CORP COM 125509109 40 81 SH CALL SOLE 81 0 0 SCIENTIFIC ATLANTA INC COM 808655104 170 344 SH PUT SOLE 344 0 0 SANDISK CORP COM 80004C101 411 3653 SH CALL SOLE 3653 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 93 755 SH PUT SOLE 755 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 167 657 SH CALL SOLE 657 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 192 252 SH PUT SOLE 252 0 0 SEPRACOR INC COM 817315104 339 675 SH CALL SOLE 675 0 0 UTSTARCOM INC COM 918076100 0 856 SH PUT SOLE 856 0 0 XM SATELLITE RADIO HLDGS INC COM 983759101 502 1982 SH PUT SOLE 1982 0 0 CHIRON CORP COM 170040109 130 435 SH CALL SOLE 435 0 0 ADOBE SYS INC COM 00724F101 272 1099 SH PUT SOLE 1099 0 0 WASHINGTON MUT INC COM 939322103 101 2084 SH PUT SOLE 2084 0 0 VERITAS SOFTWARE CO COM 923436109 1160 2373 SH CALL SOLE 2373 0 0 U S G CORP COM 903293405 841 811 SH CALL SOLE 811 0 0 LILLY ELI & CO COM 532457108 3550 3544 SH PUT SOLE 3544 0 0 JETBLUE AWYS CORP COM 477143101 92 949 SH PUT SOLE 949 0 0 NASDAQ 100 TR COM 631100104 74185 86329 SH CALL SOLE 86329 0 0 JUNIPER NETWORKS INC COM 48203R104 783 2369 SH CALL SOLE 2369 0 0 FEDERAL NATL MTG ASSN COM 313586109 1081 1591 SH PUT SOLE 1591 0 0 BEST BUY INC COM 086516101 3176 5789 SH CALL SOLE 5789 0 0 ELAN PLC COM 284131208 1293 1695 SH CALL SOLE 1695 0 0 INTUIT COM 461202103 108 378 SH CALL SOLE 378 0 0 GENERAL MTRS CORP COM 370442105 4074 8950 SH PUT SOLE 8950 0 0 HCA INC COM 404119109 665 1461 SH CALL SOLE 1461 0 0 BEAR STEARNS COS INC COM 073902108 636 358 SH CALL SOLE 358 0 0 NETWORK APPLIANCE INC COM 64120L104 362 760 SH CALL SOLE 760 0 0 DEERE & CO COM 244199105 240 382 SH CALL SOLE 382 0 0 XILINX INC COM 983919101 246 845 SH PUT SOLE 845 0 0 AMERICAN INTL GROUP INC COM 026874107 1233 8449 SH CALL SOLE 8449 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page46 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- INTERNATIONAL RECTIFIER CORP COM 460254105 218 588 SH PUT SOLE 588 0 0 AMERADA HESS CORP COM 023551104 665 677 SH CALL SOLE 677 0 0 MERCURY INTERACTIVE CORP COM 589405109 134 581 SH CALL SOLE 581 0 0 UNITED PARCEL SERVICE INC COM 911312106 1856 1592 SH CALL SOLE 1592 0 0 CHIRON CORP COM 170040109 422 945 SH PUT SOLE 945 0 0 DELL INC COM 24702R101 2944 4312 SH CALL SOLE 4312 0 0 TARGET CORP COM 87612E106 393 1080 SH CALL SOLE 1080 0 0 BIOGEN IDEC INC COM 09062X103 1790 2448 SH CALL SOLE 2448 0 0 ABERCROMBIE & FITCH CO COM 002896207 267 437 SH CALL SOLE 437 0 0 NETEASE COM INC COM 64110W102 0 1144 SH CALL SOLE 1144 0 0 DELTA AIR LINES INC DEL COM 247361108 308 703 SH PUT SOLE 703 0 0 YQN COM 691471106 0 124 SH CALL SOLE 124 0 0 PFIZER INC COM 717081103 5167 13460 SH PUT SOLE 13460 0 0 FEDERAL HOME LN MTG CORP COM 313400301 1470 1540 SH CALL SOLE 1540 0 0 JPMORGAN & CHASE & CO COM 46625H100 666 5877 SH PUT SOLE 5877 0 0 RAMBUS INC DEL COM 750917106 633 1208 SH PUT SOLE 1208 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 131 122 SH CALL SOLE 122 0 0 NEWMONT MINING CORP COM 651639106 1509 3492 SH CALL SOLE 3492 0 0 VERIZON COMMUNICATIONS COM 92343V104 807 5876 SH PUT SOLE 5876 0 0 CARDINAL HEALTH INC COM 14149Y108 834 1069 SH CALL SOLE 1069 0 0 AMAZON COM INC COM 023135106 2755 7033 SH PUT SOLE 7033 0 0 HARLEY DAVIDSON INC COM 412822108 131 537 SH CALL SOLE 537 0 0 EXXON MOBIL CORP COM 30231G102 7702 8890 SH CALL SOLE 8890 0 0 UNITED STATES STL CORP NEW COM 912909108 8127 3510 SH CALL SOLE 3510 0 0 TRANSOCEAN INC COM G90078109 816 933 SH CALL SOLE 933 0 0 UNITEDHEALTH GROUP INC COM 91324P102 620 944 SH PUT SOLE 944 0 0 3M CO COM 88579Y101 771 798 SH CALL SOLE 798 0 0 FIFTH THIRD BANCORP COM 316773100 97 295 SH PUT SOLE 295 0 0 GUIDANT CORP COM 401698105 321 578 SH CALL SOLE 578 0 0 MERCK & CO INC COM 589331107 2424 3205 SH PUT SOLE 3205 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 2267 3766 SH CALL SOLE 3766 0 0 TOLL BROTHERS INC COM 889478103 463 496 SH CALL SOLE 496 0 0 XM SATELLITE RADIO HLDGS INC COM 983759101 1526 2161 SH CALL SOLE 2161 0 0 RYLAND GROUP INC COM 783764103 0 703 SH CALL SOLE 703 0 0 YAHOO INC COM 984332106 10182 10819 SH CALL SOLE 10819 0 0 MBIA INC COM 55262C100 273 433 SH CALL SOLE 433 0 0 STARBUCKS CORP COM 855244109 3944 2773 SH CALL SOLE 2773 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 3103 3311 SH CALL SOLE 3311 0 0 AMERICAN INTL GROUP INC COM 026874107 1353 4575 SH PUT SOLE 4575 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 549 3043 SH PUT SOLE 3043 0 0 ANADARKO PETE CORP COM 032511107 560 1772 SH CALL SOLE 1772 0 0 OMNICOM GROUP INC COM 681919106 258 384 SH CALL SOLE 384 0 0 QUEST DIAGNOSTICS INC COM 74834L100 700 261 SH CALL SOLE 261 0 0 IMCLONE SYS INC COM 45245W109 654 1879 SH CALL SOLE 1879 0 0 EBAY INC COM 278642103 3104 7562 SH PUT SOLE 7562 0 0 GENERAL DYNAMICS CORP COM 369550108 241 447 SH CALL SOLE 447 0 0 CAPITAL ONE FINL CORP COM 14040H105 479 380 SH CALL SOLE 380 0 0 LEXMARK INTL NEW COM 529771107 276 245 SH CALL SOLE 245 0 0 SCHLUMBERGER LTD COM 806857108 2936 3297 SH CALL SOLE 3297 0 0 MARSH & MCLENNAN COS INC COM 571748102 275 216 SH PUT SOLE 216 0 0 WELLPOINT INC COM 94973V107 584 294 SH CALL SOLE 294 0 0 LOWES COS INC COM 548661107 331 1006 SH CALL SOLE 1006 0 0 3M CO COM 88579Y101 747 3069 SH PUT SOLE 3069 0 0 LEHMAN BROS HLDGS INC COM 524908100 1613 1086 SH CALL SOLE 1086 0 0 Manager: BNP Paribas Securities Corp. Period End Date: Dec 31,2004 Page47 of 48 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMGEN INC COM 031162100 1803 5445 SH CALL SOLE 5445 0 0 ADOBE SYS INC COM 00724F101 535 462 SH CALL SOLE 462 0 0 AMAZON COM INC COM 023135106 2814 9340 SH CALL SOLE 9340 0 0 EOG RES INC COM 26875P101 126 51 SH CALL SOLE 51 0 0 PHELPS DODGE CORP COM 717265102 634 384 SH CALL SOLE 384 0 0 RESEARCH IN MOTION LTD COM 760975102 827 2035 SH PUT SOLE 2035 0 0 PULTE HOMES INC COM 745867101 2063 1270 SH CALL SOLE 1270 0 0 PACIFICARE HEALTH SYS DEL COM 695112102 610 340 SH CALL SOLE 340 0 0 APPLE COMPUTER INC COM 037833100 17225 6777 SH CALL SOLE 6777 0 0 KMART HLDG CORPORATION COM 498780105 1197 648 SH CALL SOLE 648 0 0 IMCLONE SYS INC COM 45245W109 1246 994 SH PUT SOLE 994 0 0 OSI PHARMACEUTICALS INC COM 671040103 252 858 SH CALL SOLE 858 0 0 UNITEDHEALTH GROUP INC COM 91324P102 1836 1008 SH CALL SOLE 1008 0 0 FEDEX CORP COM 31428X106 690 633 SH CALL SOLE 633 0 0 RESEARCH IN MOTION LTD COM 760975102 1917 1179 SH CALL SOLE 1179 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 2406 1012 SH CALL SOLE 1012 0 0 BIOTECH HOLDERS TR COM 09067D201 1399 740 SH CALL SOLE 740 0 0 CHICAGO MERCANTILE HLDGS INC COM 167760107 521 90 SH CALL SOLE 90 0 0 BEAZER HOMES USA INC COM 07556Q105 313 252 SH CALL SOLE 252 0 0 KB HOME COM 48666K109 2837 904 SH CALL SOLE 904 0 0 EBAY INC COM 278642103 20286 7148 SH CALL SOLE 7148 0 0 AETNA INC NEW COM 00817Y108 1764 610 SH CALL SOLE 610 0 0 NSW COM 648815983 0 1853 SH PUT SOLE 1853 0 0 SPX COM 648815108 0 2896 SH PUT SOLE 2896 0 0

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