<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>valu3q01.txt
<DESCRIPTION>VALUE LINE INC.
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: 09/30/2001

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:    Value Line Inc
Address: 220 East 42nd Street

         New York, NY  10017

13F File Number:  28-00401

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 submission.

Person Signing this Report on Behalf of Reporting Manager:

Name:      David Henigson
Title:     Vice President
Phone:     212-907-1600

Signature, Place, and Date of Signing:

     /s/ David Henigson     New York, NY     November 12, 2001


Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.


List of Other Managers Reporting for this Manager:



I AM SIGNING THIS REPORT AS REQUIRED BY THE THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>

                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form13F Information Table Entry Total:     713

Form13F Information Table Value Total:     $3,535,674 thousands


List of Other Included Managers:

List of Other Managers Reporting for this Manager:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filled, other
than the manager filing this report.

NONE


<PAGE>



<TABLE>                     <C>                 <C>
                                                     FORM 13F INFORMATION TABLE
                            TITLE
                            OF                               VALUE  SHARES/ SH/ PUT/ INVSTMT OTHER             VOTING AUTHORITY
NAME OF ISSUER              CLASS               CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------------------------------------------------------------------------------------------------------------
3COM CORP                   COMMON              885535104      169    45000 SH       DEFINED                     0    45000        0
99 CENTS ONLY STORES        COMMON              65440K106     1436    44399 SH       DEFINED                     0    44399        0
ABBOTT LABS                 COMMON              002824100     3235    62400 SH       DEFINED                     0    62000      400
ABERCROMBIE & FITCH CO      COMMON              002896207    10971   623700 SH       DEFINED                     0   623700        0
ABM INDS INC                COMMON              000957100      364    14100 SH       DEFINED                     0    14100        0
ACCEPTANCE INS COS INC      COMMON              004308102       77    15000 SH       DEFINED                     0    15000        0
ACCREDO HEALTH INC          COMMON              00437V104      874    24000 SH       DEFINED                     0    24000        0
ACLN LTD                    COMMON              M01764105      692    17625 SH       DEFINED                     0    17625        0
ACTIVISION INC NEW          COMMON              004930202     1614    59300 SH       DEFINED                     0    59300        0
ADAC LABS                   COMMON              005313200      312    17000 SH       DEFINED                     0    17000        0
ADELPHIA COMMUNICATIONS     BND CV              006848BG9      701  1000000 PRN      DEFINED                     0  1000000        0
ADOBE SYS INC               COMMON              00724F101     4983   207800 SH       DEFINED                     0   207800        0
ADVANCED ENERGY INDS        COMMON              007973100      703    42300 SH       DEFINED                     0    42300        0
ADVANCEPCS                  COMMON              00790K109     8197   114200 SH       DEFINED                     0   114200        0
ADVENT SOFTWARE INC         COMMON              007974108     1099    29200 SH       DEFINED                     0    29200        0
AEROFLEX INC                COMMON              007768104      649    59000 SH       DEFINED                     0    59000        0
AES CORP                    COMMON              00130H105    15728  1226800 SH       DEFINED                     0   953200   273600
AES CORP                    BND CV              00130HAN5      791  1000000 PRN      DEFINED                     0  1000000        0
AFFILIATED COMPUTER SERV    BND CV              008190AF7      580   500000 PRN      DEFINED                     0   500000        0
AFFILIATED COMPUTER SERV    COMMON              008190100     8548   105000 SH       DEFINED                     0   105000        0
AFFYMETRIX INC              BND CV              00826TAA6      169   250000 PRN      DEFINED                     0   250000        0
AFLAC INC                   COMMON              001055102     5470   202600 SH       DEFINED                     0   202000      600
AGL RES INC                 COMMON              001204106      679    34000 SH       DEFINED                     0    34000        0
AIRBORNE INC                COMMON              009269101      334    35000 SH       DEFINED                     0        0    35000
AKAMAI TECHNOLOGIES INC     BND CV              00971TAA9      208   500000 PRN      DEFINED                     0   500000        0
ALBERTSONS INC              COMMON              013104104     1435    45000 SH       DEFINED                     0    45000        0
ALCOA INC                   COMMON              013817101    16410   529200 SH       DEFINED                     0   529200        0
ALLEGHENY ENERGY INC        COMMON              017361106     3718   101300 SH       DEFINED                     0   101300        0
ALLERGAN INC                COMMON              018490102    14188   214000 SH       DEFINED                     0   214000        0
ALLIANT TECHSYSTEMS INC     COMMON              018804104     3769    44025 SH       DEFINED                     0    44025        0
ALLIED WASTE INDS INC       COMMON              019589308     6745   529000 SH       DEFINED                     0   470000    59000
ALLSTATE CORP               COMMON              020002101     2764    74000 SH       DEFINED                     0        0    74000
ALPHARMA INC                COMMON              020813101      317    11000 SH       DEFINED                     0    11000        0
ALZA CORP                   BND CV              02261WAA7     2366  3000000 PRN      DEFINED                     0  3000000        0
AMC ENTMT INC               COMMON              001669100      105    10000 SH       DEFINED                     0    10000        0
AMERICAN EAGLE OUTFITTER    COMMON              02553E106      348    17500 SH       DEFINED                     0    17500        0
AMERICAN EXPRESS CO         COMMON              025816109     2615    90000 SH       DEFINED                     0    90000        0
AMERICAN FREIGHTWAYS COR    COMMON              02629V108     1070    37300 SH       DEFINED                     0    37300        0
AMERICAN GREETINGS CORP     BND CV              026375AH8      290   250000 PRN      DEFINED                     0   250000        0
AMERICAN INTL GROUP INC     COMMON              026874107    84739  1086394 SH       DEFINED                     0   803347   283047
AMERICAN STD COS INC DEL    COMMON              029712106     5170    94000 SH       DEFINED                     0    94000        0
AMERICREDIT CORP            COMMON              03060R101     5391   170500 SH       DEFINED                     0   170500        0
AMERIPATH INC               COMMON              03071D109      714    27200 SH       DEFINED                     0    27200        0
AMERISOURCE HEALTH CORP     BND CV              03071PAB8      771   500000 PRN      DEFINED                     0   500000        0
AMERISOURCEBERGEN CORP      COMMON              03073E105     6492    91500 SH       DEFINED                     0    91500        0
AMGEN INC                   COMMON              031162100    27892   474600 SH       DEFINED                     0   474600        0
ANADARKO                    BND CV              032511AP2      651  1000000 PRN      DEFINED                     0  1000000        0
ANADARKO PETE CORP          COMMON              032511107     9001   187200 SH       DEFINED                     0   186800      400
ANCHOR GAMING               COMMON              033037102     1162    28000 SH       DEFINED                     0    28000        0
ANDRX GROUP                 COMMON              034553107     2597    40000 SH       DEFINED                     0    40000        0
ANHEUSER BUSCH COS INC      COMMON              035229103      838    20000 SH       DEFINED                     0    20000        0
ANIXTER INTL INC            COMMON              035290105      483    19500 SH       DEFINED                     0    19500        0
ANNTAYLOR STORES CORP       BND CV              036115AA1      488  1000000 PRN      DEFINED                     0  1000000        0
ANNTAYLOR STORES CORP       COMMON              036115103    11668   532300 SH       DEFINED                     0   532300        0
AOL                         BND CV              02364JAC8     1063  2000000 PRN      DEFINED                     0  2000000        0
AOL TIME WARNER INC         COMMON              00184A105    57165  1727050 SH       DEFINED                     0  1366350   360700
AON CORP                    COMMON              037389103      840    20000 SH       DEFINED                     0    20000        0
APACHE CORP                 COMMON              037411105    14199   330200 SH       DEFINED                     0   329200     1000
APOLLO GROUP INC            COMMON              037604105     5970   142050 SH       DEFINED                     0   142050        0
APTARGROUP INC              COMMON              038336103      223     7000 SH       DEFINED                     0     7000        0
APW LTD                     COMMON              G04397108      106    25400 SH       DEFINED                     0    25400        0
ARGOSY GAMING CO            COMMON              040228108     1939    74000 SH       DEFINED                     0    74000        0
ARROW ELECTRONICS           BND CV              042735AY6      440  1100000 PRN      DEFINED                     0  1100000        0
ARTHROCARE CORP             COMMON              043136100      255    13000 SH       DEFINED                     0    13000        0
ARVINMERITOR INC            COMMON              043353101     1025    71700 SH       DEFINED                     0    71700        0
ASM LITHOGRAPHY HOLDING     BND CV              00207EAB6      378   500000 PRN      DEFINED                     0   500000        0
ASTORIA FINL CORP           COMMON              046265104      972    16400 SH       DEFINED                     0    16400        0
AT HOME CORP                BND CV              045919AD9       85   500000 PRN      DEFINED                     0   500000        0
ATLANTIC COAST AIRLINES     COMMON              048396105     1144    86000 SH       DEFINED                     0    86000        0
AUTOZONE INC                COMMON              053332102     1660    32000 SH       DEFINED                     0    32000        0
AVENTIS                     COMMON              053561106      976    13000 SH       DEFINED                     0    13000        0
AVIALL INC NEW              COMMON              05366B102       62    10000 SH       DEFINED                     0    10000        0
AVOCENT CORP                COMMON              053893103      358    24086 SH       DEFINED                     0    24086        0
AXCELIS TECHNOLOGIES INC    COMMON              054540109      794    84000 SH       DEFINED                     0    84000        0
BANCWEST CORP NEW           COMMON              059790105     2061    59000 SH       DEFINED                     0    59000        0
BANK OF AMERICA CORP        COMMON              060505104     2313    39606 SH       DEFINED                     0        0    39606
BANKBOSTON CORP             COMMON              06605R106     2429    56000 SH       DEFINED                     0        0    56000
BANKNORTH GROUP INC NEW     COMMON              06646R107     3303   148000 SH       DEFINED                     0   148000        0
BARNES & NOBLE INC          COMMON              067774109      711    19700 SH       DEFINED                     0    19700        0
BARR LABS INC               COMMON              068306109     2688    34000 SH       DEFINED                     0    34000        0
BB&T CORP                   COMMON              054937107    17594   482700 SH       DEFINED                     0   482700        0
BCE INC                     COMMON              05534B109     1058    48000 SH       DEFINED                     0    48000        0
BEA SYS INC                 BND CV              073325AC6      363   500000 PRN      DEFINED                     0   500000        0
BECKMAN COULTER INC         COMMON              075811109     3363    76000 SH       DEFINED                     0    76000        0
BED BATH & BEYOND INC       COMMON              075896100    48995  1924400 SH       DEFINED                     0  1700300   224100
BELL ATLANTIC (EURO)        BND CV              07785GAC4     2013  2000000 PRN      DEFINED                     0  2000000        0
BERKLEY W R CORP            COMMON              084423102     1608    33500 SH       DEFINED                     0    33500        0
BEST BUY INC                COMMON              086516101    22316   491000 SH       DEFINED                     0   490600      400
BEVERLY ENTERPRISES INC     COMMON              087851309     1776   174100 SH       DEFINED                     0   174100        0
BIOGEN INC                  COMMON              090597105    13750   247400 SH       DEFINED                     0   246800      600
BIOMET INC                  COMMON              090613100    28054   959100 SH       DEFINED                     0   958050     1050
BIOVAIL CORP                COMMON              09067J109     9930   214000 SH       DEFINED                     0   214000        0
BISYS GROUP INC             COMMON              055472104     7015   132300 SH       DEFINED                     0   132300        0
BISYS GROUP INC             BND CV              055472AA2      261   250000 PRN      DEFINED                     0   250000        0
BJ SVCS CO                  COMMON              055482103     7507   422000 SH       DEFINED                     0   421200      800
BJS WHOLESALE CLUB INC      COMMON              05548J106     4880   102500 SH       DEFINED                     0   102500        0
BLACK BOX CORP DEL          COMMON              091826107      757    18000 SH       DEFINED                     0    18000        0
BLACK HILLS CORP            COMMON              092113109      305    10000 SH       DEFINED                     0    10000        0
BLOCK H & R INC             COMMON              093671105     9332   242000 SH       DEFINED                     0   242000        0
BMC INDS INC MINN           COMMON              055607105       27    13000 SH       DEFINED                     0    13000        0
BMC SOFTWARE INC            COMMON              055921100     3874   305000 SH       DEFINED                     0   100000   205000
BOEING CO                   COMMON              097023105    10630   317300 SH       DEFINED                     0   317300        0
BORDERS GROUP INC           COMMON              099709107     1499    78300 SH       DEFINED                     0    78300        0
BORLAND SOFTWARE CORP       COMMON              099849101      851   105000 SH       DEFINED                     0   105000        0
BOYD GAMING CORP            COMMON              103304101       53    12000 SH       DEFINED                     0    12000        0
BRINKER INTL INC            COMMON              109641100     7026   297450 SH       DEFINED                     0   297450        0
BRISTOL MYERS SQUIBB CO     COMMON              110122108     7101   127800 SH       DEFINED                     0   127800        0
BROADVISION INC             COMMON              111412102       43    47450 SH       DEFINED                     0    47450        0
BROWN TOM INC               COMMON              115660201      738    35300 SH       DEFINED                     0    35300        0
BURR BROWN CORP             BND CV              122574AD8      258   250000 PRN      DEFINED                     0   250000        0
CABLEVISION SYS CORP        COMMON              12686C109     3275    80000 SH       DEFINED                     0        0    80000
CALPINE CAP TR III          PFD CV              13134R201     1091    25000 PRN      DEFINED                     0    25000        0
CALPINE CORP                COMMON              131347106    10296   451400 SH       DEFINED                     0   450200     1200
CANADIAN NATL RY CO         COMMON              136375102     1446    38000 SH       DEFINED                     0    38000        0
CANADIAN PAC LTD NEW        COMMON              135923100     5215   162500 SH       DEFINED                     0   162500        0
CAPITAL ONE FINL CORP       COMMON              14040H105    24589   534200 SH       DEFINED                     0   452200    82000
CARDINAL HEALTH INC         COMMON              14149Y108    38406   519355 SH       DEFINED                     0   429355    90000
CAREER EDUCATION CORP       COMMON              141665109     2365    43000 SH       DEFINED                     0    43000        0
CAREMARK RX INC             COMMON              141705103     1768   106000 SH       DEFINED                     0   106000        0
CARNIVAL CORP               COMMON              143658102     1938    88000 SH       DEFINED                     0        0    88000
CARRIAGE SVCS INC           COMMON              143905107      106    16000 SH       DEFINED                     0    16000        0
CATHAY BANCORP INC          COMMON              149150104      469     8700 SH       DEFINED                     0     8700        0
CENDANT CORP                COMMON              151313103     3878   303000 SH       DEFINED                     0   303000        0
CENTEX CORP                 COMMON              152312104     3373   100000 SH       DEFINED                     0   100000        0
CENTRA SOFTWARE INC         COMMON              15234X103      608    71000 SH       DEFINED                     0    71000        0
CERNER CORP                 COMMON              156782104     6386   129000 SH       DEFINED                     0   129000        0
CHARMING SHOPPES INC        BND CV              161133AA1      466   500000 PRN      DEFINED                     0   500000        0
CHARTER ONE FINL INC        COMMON              160903100     5808   205800 SH       DEFINED                     0   205800        0
CHATTEM INC                 COMMON              162456107      158    11500 SH       DEFINED                     0    11500        0
CHEESECAKE FACTORY INC      COMMON              163072101    12717   531000 SH       DEFINED                     0   531000        0
CHELSEA PPTY GROUP INC      COMMON              163421100      827    18200 SH       DEFINED                     0    18200        0
CHEVRON CORPORATION         COMMON              166751107     7628    90000 SH       DEFINED                     0    90000        0
CHICOS FAS INC              COMMON              168615102     3721   158000 SH       DEFINED                     0   158000        0
CHOICEPOINT INC             COMMON              170388102      437    10500 SH       DEFINED                     0    10500        0
CHRISTOPHER & BANKS CORP    COMMON              171046105     1213    40300 SH       DEFINED                     0    40300        0
CIENA CORP                  BND CV              171779AA9      149   250000 PRN      DEFINED                     0   250000        0
CIMA LABS INC               COMMON              171796105     1033    17000 SH       DEFINED                     0    17000        0
CIRCUIT CITY STORE INC      COMMON              172737306      956    85000 SH       DEFINED                     0    85000        0
CISCO SYS INC               COMMON              17275R102    12107   994000 SH       DEFINED                     0   280000   714000
CITIGROUP INC               COMMON              172967101    98509  2432332 SH       DEFINED                     0  2074332   358000
CITRIX SYS INC              COMMON              177376100     1624    82000 SH       DEFINED                     0    82000        0
CITY NATL CORP              COMMON              178566105     1618    37500 SH       DEFINED                     0    37500        0
CLEAR CHANNEL COMMUNICAT    COMMON              184502102     9063   228000 SH       DEFINED                     0    70000   158000
CLEAR CHANNEL COMMUNICAT    BND CV              184502AB8      499   500000 PRN      DEFINED                     0   500000        0
CLOROX CO DEL               COMMON              189054109     1850    50000 SH       DEFINED                     0    50000        0
CNF INC                     COMMON              12612W104     1027    45000 SH       DEFINED                     0    45000        0
COLE KENNETH PRODTNS INC    COMMON              193294105      305    24150 SH       DEFINED                     0    24150        0
COLGATE PALMOLIVE CO        COMMON              194162103    19141   328600 SH       DEFINED                     0   328200      400
COLONIAL BANCGROUP INC      COMMON              195493309      243    19000 SH       DEFINED                     0    19000        0
COMMERCE BANCORP INC NJ     COMMON              200519106    12124   178300 SH       DEFINED                     0   177800      500
COMPAQ COMPUTER CORP        COMMON              204493100     1413   170000 SH       DEFINED                     0    80000    90000
COMPASS BANCSHARES INC      COMMON              20449H109     1354    52000 SH       DEFINED                     0    52000        0
COMPUTER ASSOC INTL INC     COMMON              204912109     3089   120000 SH       DEFINED                     0    75000    45000
CONCORD EFS INC             COMMON              206197105    17054   348400 SH       DEFINED                     0   348400        0
CONMED CORP                 COMMON              207410101      475    26850 SH       DEFINED                     0    26850        0
CONSOL ENERGY INC           COMMON              20854P109      321    15000 SH       DEFINED                     0    15000        0
CONSTELLATION BRANDS INC    COMMON              21036P108     2233    53600 SH       DEFINED                     0    53600        0
COOPER COS INC              COMMON              216648402      844    18000 SH       DEFINED                     0    18000        0
COPART INC                  COMMON              217204106     3372   120400 SH       DEFINED                     0   120400        0
COR THERAPEUTICS INC        BND CV              217753AC6      446   500000 PRN      DEFINED                     0   500000        0
CORINTHIAN COLLEGES INC     COMMON              218868107     1463    43400 SH       DEFINED                     0    43400        0
CORNING INC                 BND CV              219350AJ4      555  1000000 PRN      DEFINED                     0  1000000        0
CORSAIR COMMUNICATIONS I    COMMON              220406102      323    42000 SH       DEFINED                     0    42000        0
COST PLUS INC CALIF         COMMON              221485105      601    32750 SH       DEFINED                     0    32750        0
COSTCO WHSL CORP NEW        COMMON              22160K105    24351   684800 SH       DEFINED                     0   684600      200
COTT CORP QUE               COMMON              22163N106      180    12000 SH       DEFINED                     0    12000        0
COVANCE INC                 COMMON              222816100     1055    58900 SH       DEFINED                     0    58900        0
COX COMMUNICATIONS          BND CV              224044BA4      499   700000 PRN      DEFINED                     0   700000        0
CSG SYS INTL INC            COMMON              126349109     2903    70800 SH       DEFINED                     0    70800        0
CSX CORP                    COMMON              126408103    11340   360000 SH       DEFINED                     0   360000        0
CYPRESS SEMICONDUCTOR CO    COMMON              232806109      346    23300 SH       DEFINED                     0    23300        0
CYTYC CORP                  COMMON              232946103     5684   212000 SH       DEFINED                     0   212000        0
D & K HEALTHCARE RES INC    COMMON              232861104      335     7000 SH       DEFINED                     0     7000        0
DAL-TILE INTL INC           COMMON              23426R108    11121   722600 SH       DEFINED                     0   721600     1000
DANA CORP                   COMMON              235811106      468    30000 SH       DEFINED                     0    30000        0
DARDEN RESTAURANTS INC      COMMON              237194105     5190   197700 SH       DEFINED                     0   197700        0
DAVITA INC                  COMMON              23918K108     1445    71000 SH       DEFINED                     0    71000        0
DELL COMPUTER CORP          COMMON              247025109     6448   348000 SH       DEFINED                     0   200000   148000
DELPHI AUTOMOTIVE SYS CO    COMMON              247126105      623    53000 SH       DEFINED                     0    53000        0
DENDRITE INTL INC           COMMON              248239105      143    18000 SH       DEFINED                     0    18000        0
DENTSPLY INTL INC NEW       COMMON              249030107     2021    44000 SH       DEFINED                     0    44000        0
DIAGNOSTIC PRODS CORP       COMMON              252450101     1013    24000 SH       DEFINED                     0    24000        0
DIAL CORP NEW               COMMON              25247D101     1225    74000 SH       DEFINED                     0    74000        0
DIME BANCORP INC NEW        COMMON              25429Q102     7388   187900 SH       DEFINED                     0   187000      900
DIRECT FOCUS INC            COMMON              254931108     1030    51750 SH       DEFINED                     0    51750        0
DOLLAR GEN CORP             COMMON              256669102     1782   152343 SH       DEFINED                     0        0   152343
DOMINION RESOURCES          PFD CV              25746U208      294     5000 PRN      DEFINED                     0     5000        0
DORAL FINL CORP             COMMON              25811P100     2095    54000 SH       DEFINED                     0    54000        0
DOUBLECLICK INC             BND CV              258609AA4      341   500000 PRN      DEFINED                     0   500000        0
DOWNEY FINL CORP            COMMON              261018105      309     7000 SH       DEFINED                     0     7000        0
DR REDDYS LABS LTD          COMMON              256135203      490    22000 SH       DEFINED                     0    22000        0
DST SYS INC DEL             COMMON              233326107     2941    68000 SH       DEFINED                     0    68000        0
DUANE READE INC             COMMON              263578106      510    17000 SH       DEFINED                     0    17000        0
DUKE ENERGY CORP            COMMON              264399106     5299   140000 SH       DEFINED                     0   140000        0
DUPONT PHOTOMASKS           BND CV              26613XAC5      438   500000 PRN      DEFINED                     0   500000        0
DUPONT PHOTOMASKS INC       COMMON              26613X101      639    23000 SH       DEFINED                     0    23000        0
DURAMED PHARMACEUTICALS     COMMON              266354109      385    19000 SH       DEFINED                     0    19000        0
DYCOM INDS INC              COMMON              267475101      803    69225 SH       DEFINED                     0    69225        0
E M C CORP MASS             COMMON              268648102    13442  1144000 SH       DEFINED                     0   440000   704000
E TRADE GROUP INC           BND CV              269246AA2      611  1000000 PRN      DEFINED                     0  1000000        0
E TRADE GROUP INC           BND CV              269246AB0      611  1000000 PRN      DEFINED                     0  1000000        0
EASTMAN KODAK CO            COMMON              277461109     1171    36000 SH       DEFINED                     0    36000        0
ECHOSTAR COMMUNICATIONS     COMMON              278762109     5880   252700 SH       DEFINED                     0   252700        0
ECHOSTAR COMMUNICATIONS     BND CV              278762AB5      794  1000000 PRN      DEFINED                     0  1000000        0
EDISON SCHOOLS INC          COMMON              281033100      151    10000 SH       DEFINED                     0    10000        0
EDUCATION MGMT CORP         COMMON              28139T101     3428   112900 SH       DEFINED                     0   112900        0
EFUNDS CORP                 COMMON              28224R101     1174    70500 SH       DEFINED                     0    70500        0
EGL INC                     COMMON              268484102      380    42850 SH       DEFINED                     0    42850        0
EL PASO                     BND CV              28336LAA7      820  2000000 PRN      DEFINED                     0  2000000        0
EL PASO CORP                COMMON              28336L109     6282   151200 SH       DEFINED                     0   150800      400
ELAN PLC                    COMMON              284131208     8414   173661 SH       DEFINED                     0   173661        0
ELCOR CORP                  COMMON              284443108      614    28500 SH       DEFINED                     0    28500        0
ELECTROGLAS INC             COMMON              285324109      125    10000 SH       DEFINED                     0    10000        0
ELECTRONIC ARTS INC         COMMON              285512109     7216   158000 SH       DEFINED                     0   158000        0
ELECTRONIC DATA SYS NEW     COMMON              285661104     9789   170000 SH       DEFINED                     0   170000        0
ELECTRONICS BOUTIQUE HLD    COMMON              286045109      329    12200 SH       DEFINED                     0    12200        0
ELOYALTY CORP               COMMON              290151109       21    38200 SH       DEFINED                     0    38200        0
EMCOR GROUP INC             COMMON              29084Q100     1308    41000 SH       DEFINED                     0    41000        0
ENGINEERED SUPPORT SYS I    COMMON              292866100     1301    27625 SH       DEFINED                     0    27625        0
ENRON CORP                  COMMON              293561106     8768   322000 SH       DEFINED                     0   322000        0
ENTERASYS NETWORKS INC      COMMON              293637104      903   140000 SH       DEFINED                     0   140000        0
ENTERCOM COMMUNICATIONS     COMMON              293639100      476    14000 SH       DEFINED                     0    14000        0
ENZO BIOCHEM INC            COMMON              294100102      733    43200 SH       DEFINED                     0    43200        0
ETHAN ALLEN INTERIORS IN    COMMON              297602104     2666    96950 SH       DEFINED                     0    36950    60000
EVEREST RE GROUP LTD        COMMON              G3223R108     7182   111000 SH       DEFINED                     0   111000        0
EXELON CORP                 COMMON              30161N101     2832    63500 SH       DEFINED                     0    63500        0
EXPEDITORS INTL WASH INC    COMMON              302130109     1241    26200 SH       DEFINED                     0    26200        0
EXPRESS SCRIPTS             BND CV              302181201      505     5000 PRN      DEFINED                     0     5000        0
EXPRESS SCRIPTS INC         COMMON              302182100     3651    66000 SH       DEFINED                     0    66000        0
EXXON MOBIL CORP            COMMON              30231G102     3152    80000 SH       DEFINED                     0    80000        0
FACTSET RESH SYS INC        COMMON              303075105     1237    51000 SH       DEFINED                     0    51000        0
FAIR ISAAC & CO INC         COMMON              303250104     3212    68000 SH       DEFINED                     0    68000        0
FAMILY DLR STORES INC       COMMON              307000109     2441    88700 SH       DEFINED                     0    86000     2700
FEDERAL HOME LN MTG CORP    COMMON              313400301    37226   572700 SH       DEFINED                     0   496500    76200
FEDERAL MOGUL CORP          COMMON              313549107       16    25000 SH       DEFINED                     0        0    25000
FEDERAL NATL MTG ASSN       COMMON              313586109    44722   558600 SH       DEFINED                     0   507400    51200
FEI CO                      COMMON              30241L109      468    21500 SH       DEFINED                     0    21500        0
FIDELITY NATL FINL INC      COMMON              316326107     1775    66000 SH       DEFINED                     0    66000        0
FIFTH THIRD BANCORP         COMMON              316773100    71060  1155821 SH       DEFINED                     0  1077521    78300
FINANCIAL FED CORP          COMMON              317492106      858    35000 SH       DEFINED                     0    35000        0
FINOVA GROUP INC            COMMON              317928109      118   105200 SH       DEFINED                     0    46200    59000
FIRST DATA CORP             COMMON              319963104     7574   130000 SH       DEFINED                     0   130000        0
FIRST HEALTH GROUP CORP     COMMON              320960107     5053   172000 SH       DEFINED                     0   172000        0
FIRST HORIZON PHARMACEUT    COMMON              32051K106      859    33000 SH       DEFINED                     0    33000        0
FIRST MIDWEST BANCORP DE    COMMON              320867104      858    25400 SH       DEFINED                     0    25400        0
FIRSTFED FINL CORP          COMMON              337907109      546    21000 SH       DEFINED                     0    21000        0
FISERV INC                  COMMON              337738108    23897   698737 SH       DEFINED                     0   698737        0
FISHER SCIENTIFIC INTL I    COMMON              338032204    13111   516200 SH       DEFINED                     0   515700      500
FLAGSTAR BANCORP INC        COMMON              337930101      232    10050 SH       DEFINED                     0    10050        0
FLEMING COS INC             COMMON              339130106     3614   122500 SH       DEFINED                     0   122500        0
FLEXTRONICS INTL LTD        COMMON              Y2573F102     1863   112612 SH       DEFINED                     0   111412     1200
FLIR SYS INC                COMMON              302445101      833    20300 SH       DEFINED                     0    20300        0
FLOWERS FOODS INC           COMMON              343498101      363    10000 SH       DEFINED                     0    10000        0
FLOWSERVE CORP              COMMON              34354P105      198    10000 SH       DEFINED                     0    10000        0
FLUOR CORP NEW              COMMON              343412102      847    22000 SH       DEFINED                     0    22000        0
FOREST LABS INC             COMMON              345838106    18756   260000 SH       DEFINED                     0   260000        0
FOREST OIL CORP             COMMON              346091705     1030    41550 SH       DEFINED                     0    41550        0
FOSTER WHEELER LTD          BND CV              35024PAA0      319   500000 PRN      DEFINED                     0   500000        0
FREEPORT-MCMORAN COPPER     COMMON              35671D857      110    10000 SH       DEFINED                     0    10000        0
FURNITURE BRANDS INTL IN    COMMON              360921100      670    34400 SH       DEFINED                     0    32400     2000
GALEY & LORD INC            COMMON              36352K103       19    32000 SH       DEFINED                     0    32000        0
GAP INC DEL                 COMMON              364760108     2737   229000 SH       DEFINED                     0    94000   135000
GBC BANCORP CALIF           COMMON              361475106      375    12000 SH       DEFINED                     0    12000        0
GEMSTAR-TV GUIDE INTL IN    COMMON              36866W106     4243   215258 SH       DEFINED                     0   215258        0
GENERAL CABLE CORP DEL N    COMMON              369300108      463    47000 SH       DEFINED                     0    47000        0
GENERAL DYNAMICS CORP       COMMON              369550108    22654   256500 SH       DEFINED                     0   256500        0
GENERAL ELEC CO             COMMON              369604103    83190  2236300 SH       DEFINED                     0  2235800      500
GENESCO INC                 COMMON              371532102      618    38000 SH       DEFINED                     0    38000        0
GENESIS MICROCHIP INC       COMMON              371933102      630    22400 SH       DEFINED                     0    22400        0
GENTA INC                   COMMON              37245M207      114    11000 SH       DEFINED                     0    11000        0
GENZYME CORP                COMMON              372917104    21178   466266 SH       DEFINED                     0   465866      400
GERBER SCIENTIFIC INC       COMMON              373730100      192    18300 SH       DEFINED                     0    18300        0
GETTY IMAGES INC            BND CV              374276AD5      367   500000 PRN      DEFINED                     0   500000        0
GILAT SATELLITE NETWORKS    BND CV              375255AC0      564  1000000 PRN      DEFINED                     0  1000000        0
GILEAD SCIENCES INC         COMMON              375558103      674    12000 SH       DEFINED                     0    12000        0
GILLETTE CO                 COMMON              375766102     1311    44000 SH       DEFINED                     0        0    44000
GLOBAL PMTS INC             COMMON              37940X102      688    23400 SH       DEFINED                     0    23400        0
GOLDEN ST BANCORP INC       COMMON              381197102     4864   160000 SH       DEFINED                     0   160000        0
GOLDEN WEST FINL CORP DE    COMMON              381317106    18429   317200 SH       DEFINED                     0   316900      300
GOODRICH CORP               COMMON              382388106      623    32000 SH       DEFINED                     0    32000        0
GOODYEAR TIRE & RUBR CO     COMMON              382550101     2341   127000 SH       DEFINED                     0   127000        0
GREAT ATLANTIC & PAC TEA    COMMON              390064103      249    17400 SH       DEFINED                     0    17400        0
GREENPOINT FINL CORP        COMMON              395384100     1846    52600 SH       DEFINED                     0    52000      600
GRIFFON CORP                COMMON              398433102      157    12900 SH       DEFINED                     0    12900        0
GST TELECOMMUNICATIONS I    COMMON              361942105        0    17657 SH       DEFINED                     0    17657        0
GUIDANT CORP                COMMON              401698105     7484   194400 SH       DEFINED                     0    80000   114400
HADCO CORP                  COMMON              404681108      539     4800 SH       DEFINED                     0     4800        0
HAIN CELESTIAL GROUP INC    COMMON              405217100      755    41000 SH       DEFINED                     0    41000        0
HALLIBURTON CO              COMMON              406216101     2255   100000 SH       DEFINED                     0        0   100000
HANDLEMAN CO DEL            COMMON              410252100     1484   106000 SH       DEFINED                     0   106000        0
HARLEY DAVIDSON INC         COMMON              412822108    59697  1474000 SH       DEFINED                     0  1473600      400
HARMAN INTL INDS INC        COMMON              413086109     2245    67000 SH       DEFINED                     0    67000        0
HARRAHS ENTMT INC           COMMON              413619107     2072    76700 SH       DEFINED                     0    74000     2700
HARSCO CORP                 COMMON              415864107      763    27500 SH       DEFINED                     0    27500        0
HARTFORD FINL SVCS GROUP    COMMON              416515104     7078   120500 SH       DEFINED                     0   120500        0
HAVERTY FURNITURE INC       COMMON              419596101      461    46800 SH       DEFINED                     0    46800        0
HCA INC                     COMMON              404119109    35160   793500 SH       DEFINED                     0   793500        0
HCC INS HLDGS INC           COMMON              404132102     1094    41600 SH       DEFINED                     0    41600        0
HEALTH MANGEMENT            BND CV              421933AA0      349   500000 PRN      DEFINED                     0   500000        0
HEALTH MGMT ASSOC INC NE    COMMON              421933102    10108   486900 SH       DEFINED                     0   320400   166500
HELEN OF TROY CORP LTD      COMMON              G4388N106      137    13100 SH       DEFINED                     0    13100        0
HELLER FINANCIAL INC        COMMON              423328103      739    14000 SH       DEFINED                     0    14000        0
HENRY JACK & ASSOC INC      COMMON              426281101     5273   232400 SH       DEFINED                     0   232400        0
HIBERNIA CORP               COMMON              428656102     1422    87000 SH       DEFINED                     0    87000        0
HILLENBRAND INDS INC        COMMON              431573104     6153   114000 SH       DEFINED                     0   114000        0
HILTON HOTELS CORP          BND CV              432848AL3      811  1000000 PRN      DEFINED                     0  1000000        0
HOLLYWOOD ENTMT CORP        COMMON              436141105      153    13000 SH       DEFINED                     0    13000        0
HOME DEPOT INC              COMMON              437076102    28367   739300 SH       DEFINED                     0   604300   135000
HON INDS INC                COMMON              438092108      791    36000 SH       DEFINED                     0        0    36000
HONEYWELL INTL INC          COMMON              438516106     1030    39000 SH       DEFINED                     0    39000        0
HOOPER HOLMES INC           COMMON              439104100      792   127000 SH       DEFINED                     0   127000        0
HOT TOPIC INC               COMMON              441339108      753    30000 SH       DEFINED                     0    30000        0
HOUSEHOLD INTL INC          COMMON              441815107    14941   265000 SH       DEFINED                     0   265000        0
HUGHES SUPPLY INC           COMMON              444482103      569    25500 SH       DEFINED                     0    25500        0
HUMAN GENOME SCIENCES IN    BND CV              444903AG3      341   500000 PRN      DEFINED                     0   500000        0
I2 TECHNOLOGIES INC         BND CV              465754AD1      319   500000 PRN      DEFINED                     0   500000        0
ICOS CORP                   COMMON              449295104     1009    20500 SH       DEFINED                     0    20500        0
IDEC PHARMACEUTICALS COR    COMMON              449370105     5334   107600 SH       DEFINED                     0   107400      200
ILLUMINET HLDGS INC         COMMON              452334105     2242    58500 SH       DEFINED                     0    58500        0
IMCLONE SYS INC             COMMON              45245W109      865    15300 SH       DEFINED                     0    15300        0
IMCLONE SYS INC             BND CV              45245WAA7      308   250000 PRN      DEFINED                     0   250000        0
IMMUNEX CORP NEW            COMMON              452528102     1386    74200 SH       DEFINED                     0    74200        0
IMPAC MTG HLDGS INC         COMMON              45254P102       82    11000 SH       DEFINED                     0    11000        0
IMPLANT SCIENCES CORP       COMMON              45320R108       93    10400 SH       DEFINED                     0    10400        0
IMS HEALTH INC              COMMON              449934108     4359   174000 SH       DEFINED                     0   174000        0
INDEPENDENCE CMNTY BK CO    COMMON              453414104      945    43500 SH       DEFINED                     0    43500        0
INFOCUS CORP                COMMON              45665B106      300    23000 SH       DEFINED                     0    23000        0
INGERSOLL-RAND CO           COMMON              456866102     2434    72000 SH       DEFINED                     0    72000        0
INTEGRA LIFESCIENCES HLD    COMMON              457985208      829    30000 SH       DEFINED                     0    30000        0
INTEGRATED DEVICE TECHNO    COMMON              458118106      463    23000 SH       DEFINED                     0    23000        0
INTEL CORP                  COMMON              458140100    11395   557462 SH       DEFINED                     0   121462   436000
INTERMAGNETICS GEN CORP     COMMON              458771102      485    20872 SH       DEFINED                     0    20872        0
INTERMUNE INC               BND CV              45884XAA1      301   250000 PRN      DEFINED                     0   250000        0
INTERNATIONAL BUSINESS M    COMMON              459200101    37385   407600 SH       DEFINED                     0   407300      300
INTERNATIONAL GAME TECHN    COMMON              459902102     6031   141900 SH       DEFINED                     0   141900        0
INTERNATIONAL PAPER CAP     PFD CV              460137300      875    20000 SH       DEFINED                     0    20000        0
INTERNATIONAL RECT          BND CV              460254AD2      186   250000 PRN      DEFINED                     0   250000        0
INTUIT                      COMMON              461202103      931    26000 SH       DEFINED                     0    26000        0
INVACARE CORP               COMMON              461203101     1782    44000 SH       DEFINED                     0    44000        0
INVESTMENT TECHNOLOGY GR    COMMON              46145F105     2097    37795 SH       DEFINED                     0    37795        0
INVESTORS FINL SERVICES     COMMON              461915100     1729    30000 SH       DEFINED                     0    30000        0
INVITROGEN CORP             BND CV              46185RAA8      542   500000 PRN      DEFINED                     0   500000        0
IOMEGA CORP                 COMMON              462030305       15    12000 SH       DEFINED                     0    12000        0
IONA TECHNOLOGIES PLC       COMMON              46206P109      171    22000 SH       DEFINED                     0    22000        0
IRON MTN INC PA             COMMON              462846106     1244    30000 SH       DEFINED                     0    30000        0
ITC DELTACOM INC            BND CV              45031TAJ3      145   500000 PRN      DEFINED                     0   500000        0
ITRON INC                   COMMON              465741106      529    23000 SH       DEFINED                     0    23000        0
ITT INDS INC IND            COMMON              450911102     6684   149200 SH       DEFINED                     0   149200        0
IVAX CORP                   COMMON              465823102    12353   557212 SH       DEFINED                     0   556412      800
JACK IN THE BOX INC         COMMON              466367109     1159    41400 SH       DEFINED                     0    41400        0
JACOBS ENGR GROUP INC DE    COMMON              469814107     1816    29100 SH       DEFINED                     0    29100        0
JACOR COMMUNUNICATIONS I    BND CV              469858AB0      913  2000000 PRN      DEFINED                     0  2000000        0
JAKKS PAC INC               COMMON              47012E106      756    56000 SH       DEFINED                     0    56000        0
JOHNSON & JOHNSON           COMMON              478160104    52070   939900 SH       DEFINED                     0   938600     1300
JOHNSON CTLS INC            COMMON              478366107     4632    71000 SH       DEFINED                     0    71000        0
JONES APPAREL               BND CV              480081AB4      963  2000000 PRN      DEFINED                     0  2000000        0
JUNIPER NETWORKS INC        BND CV              48203RAA2      614  1000000 SH       DEFINED                     0  1000000        0
KB HOME                     COMMON              48666K109    10435   367300 SH       DEFINED                     0   367300        0
KERR MCGEE CORP             COMMON              492386107      243     4688 SH       DEFINED                     0     4688        0
KERR MCGEE CORP             BND CV              492386AP2      542   500000 PRN      DEFINED                     0   500000        0
KING PHARMACEUTICALS INC    COMMON              495582108    10357   246882 SH       DEFINED                     0   244184     2698
KOHLS CORP                  COMMON              500255104    53251  1109400 SH       DEFINED                     0  1108900      500
KOS PHARMACEUTICALS INC     COMMON              500648100      499    17900 SH       DEFINED                     0    17900        0
KRAFT FOODS INC             COMMON              50075N104      773    22500 SH       DEFINED                     0    22500        0
KROGER CO                   COMMON              501044101     3999   162300 SH       DEFINED                     0   160000     2300
KRONOS INC                  COMMON              501052104      714    17400 SH       DEFINED                     0    17400        0
L-3 COMMUNICATIONS HLDGS    COMMON              502424104     8439    96500 SH       DEFINED                     0    96500        0
L-3 COMMUNICATIONS HLDGS    BND CV              502424AA2     1276  1000000 PRN      DEFINED                     0  1000000        0
LABORATORY CORP AMER HLD    COMMON              50540R409    28985   358500 SH       DEFINED                     0   358500        0
LANDS END INC               COMMON              515086106     1286    44500 SH       DEFINED                     0    44500        0
LANDSTAR SYS INC            COMMON              515098101      832    13000 SH       DEFINED                     0    13000        0
LATTICE SEMICONDUCTOR       BND CV              518415AA2      507   500000 PRN      DEFINED                     0   500000        0
LATTICE SEMICONDUCTOR CO    COMMON              518415104     1184    75400 SH       DEFINED                     0    74800      600
LEHMAN BROS HLDGS INC       COMMON              524908100     7686   135200 SH       DEFINED                     0   134600      600
LENNAR                      BND CV              526057AF1     1005  2800000 PRN      DEFINED                     0  2800000        0
LENNAR CORP                 COMMON              526057104     2451    68000 SH       DEFINED                     0    68000        0
LIFEPOINT HOSPITALS INC     COMMON              53219L109     6248   142000 SH       DEFINED                     0   142000        0
LILLY ELI & CO              COMMON              532457108    12533   155300 SH       DEFINED                     0   155300        0
LINCARE HLDGS INC           COMMON              532791100    10362   390000 SH       DEFINED                     0   230000   160000
LINEAR TECHNOLOGY CORP      COMMON              535678106     1509    46000 SH       DEFINED                     0    46000        0
LINENS N THINGS INC         COMMON              535679104     1106    59500 SH       DEFINED                     0    59500        0
LITTELFUSE INC              COMMON              537008104      553    25000 SH       DEFINED                     0    25000        0
LOEWS CORP                  COMMON              540424108     5109   110400 SH       DEFINED                     0   109800      600
LOEWS CORP                  BND CV              540424AL2      831  1000000 PRN      DEFINED                     0  1000000        0
LOMAK PETE INC              BND CV              541509AF2      754  1000000 PRN      DEFINED                     0  1000000        0
LONE STAR TECHNOLOGIES I    COMMON              542312103      409    33000 SH       DEFINED                     0    32800      200
LOWES COS INC               COMMON              548661107    39373  1244000 SH       DEFINED                     0  1243400      600
LTX CORP                    COMMON              502392103      626    46000 SH       DEFINED                     0    46000        0
LUCENT TECHNOLOGIES INC     COMMON              549463107      458    80000 SH       DEFINED                     0    80000        0
LUMENIS LTD                 COMMON              M6778Q105     1255    62500 SH       DEFINED                     0    62500        0
M & F WORLDWIDE CORP        COMMON              552541104       53    11000 SH       DEFINED                     0    11000        0
M & T BK CORP               COMMON              55261F104     3034    41000 SH       DEFINED                     0    40000     1000
MACDERMID INC               COMMON              554273102      219    17200 SH       DEFINED                     0    17200        0
MACROMEDIA INC              COMMON              556100105      291    24000 SH       DEFINED                     0    24000        0
MAGELLAN HEALTH SVCS INC    COMMON              559079108      569    49600 SH       DEFINED                     0    49600        0
MAGNA INTL INC              COMMON              559222401     4821    91400 SH       DEFINED                     0    91400        0
MANITOWOC INC               COMMON              563571108      744    30700 SH       DEFINED                     0    30700        0
MANOR CARE INC NEW          COMMON              564055101     2152    76600 SH       DEFINED                     0    76600        0
MANULIFE FINL CORP          COMMON              56501R106      708    27000 SH       DEFINED                     0    27000        0
MARSHALL & ILSLEY CORP      COMMON              571834100      510     9000 SH       DEFINED                     0     9000        0
MASCOTECH INC               BND CV              574670AB1      860  1000000 PRN      DEFINED                     0  1000000        0
MASSEY ENERGY CORP          COMMON              576206106     1113    76000 SH       DEFINED                     0    76000        0
MASTEC INC                  COMMON              576323109      149    29250 SH       DEFINED                     0    29250        0
MATTEL INC                  COMMON              577081102    11925   761500 SH       DEFINED                     0   761500        0
MAXIM INTEGRATED PRODS I    COMMON              57772K101     6010   172000 SH       DEFINED                     0   172000        0
MAY DEPT STORES CO          COMMON              577778103     5804   200000 SH       DEFINED                     0   200000        0
MAYTAG CORP                 COMMON              578592107      641    26000 SH       DEFINED                     0        0    26000
MCDATA CORP                 COMMON              580031201      353    42105 SH       DEFINED                     0    16194    25911
MCKESSON CORP               COMMON              58155Q103     8938   236510 SH       DEFINED                     0   154000    82510
MDU RES GROUP INC           COMMON              552690109      643    27500 SH       DEFINED                     0    27500        0
MEDIA ONE                   PFD CV              58440J500      510    20000 PRN      DEFINED                     0    20000        0
MEDICAL ACTION INDS INC     COMMON              58449L100      913    54000 SH       DEFINED                     0    54000        0
MEDICIS PHARMACEUTICAL C    COMMON              584690309     2122    42450 SH       DEFINED                     0    42450        0
MEDIMMUNE INC               COMMON              584699102     7432   208600 SH       DEFINED                     0   208000      600
MEDTRONIC INC               COMMON              585055106    44411  1020936 SH       DEFINED                     0   903836   117100
MELLON FINL CORP            COMMON              58551A108     5690   176000 SH       DEFINED                     0   120000    56000
MERCK & CO INC              COMMON              589331107    34326   515400 SH       DEFINED                     0   486400    29000
MERCURY COMPUTER SYS        COMMON              589378108     1014    27000 SH       DEFINED                     0    27000        0
MERCURY GENL CORP NEW       COMMON              589400100      397    10000 SH       DEFINED                     0    10000        0
MERCURY INTERACTIVE CORP    COMMON              589405109     3225   169400 SH       DEFINED                     0   168200     1200
MERCURY INTERACTIVE CORP    BND CV              589405AA7      336   500000 PRN      DEFINED                     0   500000        0
METRIS COS INC              COMMON              591598107     1527    61680 SH       DEFINED                     0    61680        0
METRO ONE TELECOMMUNICAT    COMMON              59163F105     1125    48500 SH       DEFINED                     0    48500        0
METTLER TOLEDO INTERNATI    COMMON              592688105     2364    56100 SH       DEFINED                     0    56100        0
MGIC INVT CORP WIS          COMMON              552848103    13636   208700 SH       DEFINED                     0   178700    30000
MICHAELS STORES INC         COMMON              594087108      658    18000 SH       DEFINED                     0    18000        0
MICREL INC                  COMMON              594793101     1436    72000 SH       DEFINED                     0    72000        0
MICROCHIP TECHNOLOGY INC    COMMON              595017104     1434    53525 SH       DEFINED                     0    53525        0
MICROSOFT CORP              COMMON              594918104    81284  1588500 SH       DEFINED                     0  1393500   195000
MILLENNIUM PHARMACEUTICA    COMMON              599902103     3055   172000 SH       DEFINED                     0   172000        0
MILLENNIUM PHARMACEUTICA    BND CV              599902AA1      477   600000 PRN      DEFINED                     0   600000        0
MIM CORP                    COMMON              553044108      121    11500 SH       DEFINED                     0    11500        0
MINNESOTA MNG & MFG CO      COMMON              604059105      394     4000 SH       DEFINED                     0     4000        0
MIRANT CORP                 COMMON              604675108     2201   100520 SH       DEFINED                     0   100520        0
MIRANT TR I                 PFD CV              60467Q102      535    10000 SH       DEFINED                     0    10000        0
MITCHELL ENERGY & DEV CO    COMMON              606592202     6796   135600 SH       DEFINED                     0   135100      500
MODIS PROFESSIONAL SVCS     COMMON              607830106      432   108000 SH       DEFINED                     0        0   108000
MOHAWK INDS INC             COMMON              608190104     3381    92000 SH       DEFINED                     0    92000        0
MOORE LTD                   COMMON              615785102      132    17000 SH       DEFINED                     0    17000        0
MOVIE GALLERY INC           COMMON              624581104      249    12000 SH       DEFINED                     0    12000        0
MRV COMMUNICATIONS INC      COMMON              553477100       33    11000 SH       DEFINED                     0    11000        0
MSC SOFTWARE CORP           COMMON              553531104      683    42400 SH       DEFINED                     0    42400        0
MUELLER INDS INC            COMMON              624756102      336    11700 SH       DEFINED                     0    11700        0
NACCO INDS INC              COMMON              629579103      663    11900 SH       DEFINED                     0    11900        0
NASH FINCH CO               COMMON              631158102      307     9000 SH       DEFINED                     0     9000        0
NATIONAL COMMERCE FINL C    COMMON              63545P104     1201    46000 SH       DEFINED                     0    46000        0
NATIONAL DISC BROKERS GR    COMMON              635646102     1652    33800 SH       DEFINED                     0    33800        0
NAVISTAR INTL CORP NEW      COMMON              63934E108      373    13200 SH       DEFINED                     0    13200        0
NBTY INC                    COMMON              628782104     1507   114500 SH       DEFINED                     0   114500        0
NCO GROUP INC               COMMON              628858102      506    37000 SH       DEFINED                     0    37000        0
NETWORKS ASSOCS INC         COMMON              640938106     1914   148500 SH       DEFINED                     0    93000    55500
NEW YORK CMNTY BANCORP I    COMMON              649445103     2172    93562 SH       DEFINED                     0    93562        0
NEW YORK TIMES CO           COMMON              650111107      390    10000 SH       DEFINED                     0    10000        0
NEWELL FINL TR I            PFD CV              651195307      728    20000 SH       DEFINED                     0    20000        0
NEWPORT NEWS SHIPBLDG       COMMON              652228107     2419    36000 SH       DEFINED                     0    36000        0
NIKE INC                    COMMON              654106103     8468   180900 SH       DEFINED                     0   180900        0
NOBLE DRILLING CORP         COMMON              655042109     1486    61900 SH       DEFINED                     0    61900        0
NORFOLK SOUTHERN CORP       COMMON              655844108     4240   263000 SH       DEFINED                     0   263000        0
NORTEL NETWORKS             BND CV              656566AA4      659   750000 PRN      DEFINED                     0   750000        0
NORTH FORK BANCORPORATIO    COMMON              659424105     4818   162000 SH       DEFINED                     0   162000        0
NORTHERN TR CORP            COMMON              665859104     5353   102000 SH       DEFINED                     0   102000        0
NUEVO FING I                PFD CV              670511203      287    10000 SH       DEFINED                     0    10000        0
O REILLY AUTOMOTIVE INC     COMMON              686091109     1687    58900 SH       DEFINED                     0    58900        0
OFFICE DEPOT INC            COMMON              676220106     4542   334000 SH       DEFINED                     0   334000        0
OHIO CAS CORP               COMMON              677240103      782    60200 SH       DEFINED                     0    60200        0
OLD REP INTL CORP           COMMON              680223104     2071    79000 SH       DEFINED                     0    79000        0
OMI CORP NEW                COMMON              Y6476W104       55    13000 SH       DEFINED                     0    13000        0
OMNICARE INC                COMMON              681904108      976    44700 SH       DEFINED                     0    44700        0
OMNICOM GROUP INC           COMMON              681919106    73616  1134300 SH       DEFINED                     0   931100   203200
OPTIMAL ROBOTICS CORP       COMMON              68388R208      375    15300 SH       DEFINED                     0    15300        0
ORACLE CORP                 COMMON              68389X105     7140   567600 SH       DEFINED                     0   566800      800
ORTHODONTIC CTRS AMER IN    COMMON              68750P103      823    33400 SH       DEFINED                     0    33400        0
OWENS ILL INC               COMMON              690768403      262    65000 SH       DEFINED                     0    65000        0
OXFORD HEALTH PLANS INC     COMMON              691471106    12783   450100 SH       DEFINED                     0   450100        0
PACIFIC CENTY FINL CORP     COMMON              694058108     1028    44000 SH       DEFINED                     0    44000        0
PACIFIC SUNWEAR CALIF IN    COMMON              694873100      316    23000 SH       DEFINED                     0    21850     1150
PACKAGING CORP AMER         COMMON              695156109      726    47000 SH       DEFINED                     0    47000        0
PANERA BREAD CO             COMMON              69840W108      420    12000 SH       DEFINED                     0    12000        0
PATTERSON DENTAL CO         COMMON              703412106     2285    62000 SH       DEFINED                     0    62000        0
PATTERSON UTI ENERGY INC    COMMON              703481101      433    35000 SH       DEFINED                     0    35000        0
PAYCHEX INC                 COMMON              704326107    11789   374150 SH       DEFINED                     0   281900    92250
PEDIATRIX MED GROUP         COMMON              705324101     1774    43500 SH       DEFINED                     0    43500        0
PENNEY J C INC              COMMON              708160106     5585   255000 SH       DEFINED                     0   255000        0
PEOPLESOFT INC              COMMON              712713106     7416   411100 SH       DEFINED                     0   320100    91000
PEP BOYS MANNY MOE & JAC    COMMON              713278109     1326   120000 SH       DEFINED                     0   120000        0
PEPSI BOTTLING GROUP INC    COMMON              713409100     4515    98000 SH       DEFINED                     0    98000        0
PEPSICO INC                 COMMON              713448108    38805   800100 SH       DEFINED                     0   799800      300
PERFORMANCE FOOD GROUP C    COMMON              713755106     4097   143600 SH       DEFINED                     0   143600        0
PERKIN ELMER                BND CV              714046AA7     1034  2002000 PRN      DEFINED                     0  2002000        0
PERKINELMER INC             COMMON              714046109     5017   191200 SH       DEFINED                     0   191200        0
PERRIGO CO                  COMMON              714290103     1533   101200 SH       DEFINED                     0   101200        0
PETCO ANIMAL SUPPLIES       COMMON              716016100      943    43000 SH       DEFINED                     0    43000        0
PFIZER INC                  COMMON              717081103    61778  1540600 SH       DEFINED                     0  1193400   347200
PHARMACEUTICAL PROD DEV     COMMON              717124101     4953   169100 SH       DEFINED                     0   169100        0
PHARMACEUTICAL RES INC      COMMON              717125108     1359    38000 SH       DEFINED                     0    38000        0
PHILIP MORRIS COS INC       COMMON              718154107    22329   462400 SH       DEFINED                     0   461800      600
PHOTON DYNAMICS INC         COMMON              719364101      493    21300 SH       DEFINED                     0    21300        0
PHOTRONICS INC              BND CV              719405AA0      470   500000 PRN      DEFINED                     0   500000        0
PINNACLE SYS INC            COMMON              723481107      204    70200 SH       DEFINED                     0    70200        0
PMI GROUP INC               COMMON              69344M101     2121    34000 SH       DEFINED                     0    34000        0
POLARIS INDS INC            COMMON              731068102      361     9400 SH       DEFINED                     0     9400        0
POLYCOM INC                 COMMON              73172K104     4547   186600 SH       DEFINED                     0   186600        0
POLYMEDICA CORP             COMMON              731738100      366    24000 SH       DEFINED                     0    24000        0
POPULAR INC                 COMMON              733174106      593    19000 SH       DEFINED                     0    19000        0
POSSIS MEDICAL INC          COMMON              737407106      129    11000 SH       DEFINED                     0    11000        0
PPL CORP                    COMMON              69351T106     5020   154000 SH       DEFINED                     0   154000        0
PRECISION CASTPARTS CORP    COMMON              740189105     3064   138000 SH       DEFINED                     0   138000        0
PRICE COMMUNICATIONS COR    COMMON              741437305     1051    62000 SH       DEFINED                     0    62000        0
PROFIT RECOVERY GROUP IN    COMMON              743168106      227    23200 SH       DEFINED                     0    23200        0
PROGRESS SOFTWARE CORP      COMMON              743312100      277    19800 SH       DEFINED                     0    19800        0
PROGRESSIVE CORP OHIO       COMMON              743315103     9507    71000 SH       DEFINED                     0    50000    21000
PROVINCE HEALTHCARE CO      COMMON              743977100      661    18000 SH       DEFINED                     0    18000        0
PSINET INC                  PFD CV              74437C309       18    10000 SH       DEFINED                     0    10000        0
PSINET INC                  PFD CV              74437C408       11    15000 SH       DEFINED                     0    15000        0
PULTE HOMES INC             COMMON              745867101    11273   367800 SH       DEFINED                     0   367500      300
QUADRAMED CORP              COMMON              74730W101       85    18000 SH       DEFINED                     0    18000        0
QUALCOMM INC                COMMON              747525103    23204   488100 SH       DEFINED                     0   487400      700
QUANTUM CORP                BND CV              747906AC9      870  1000000 PRN      DEFINED                     0  1000000        0
QUEST DIAGNOSTICS INC       COMMON              74834L100     3702    60000 SH       DEFINED                     0    60000        0
QUIKSILVER INC              COMMON              74838C106      584    47250 SH       DEFINED                     0    47250        0
QUINTILES TRANSNATIONAL     COMMON              748767100     2161   148000 SH       DEFINED                     0    90000    58000
RACING CHAMPIONS CORP       COMMON              750069106       74    16000 SH       DEFINED                     0    16000        0
RADIAN GROUP INC            COMMON              750236101     2734    71000 SH       DEFINED                     0    25000    46000
RADIOSHACK CORP             COMMON              750438103     3201   132000 SH       DEFINED                     0   132000        0
RAILAMERICA INC             COMMON              750753105      131    10500 SH       DEFINED                     0    10500        0
RATIONAL SOFTWARE CORP      BND CV              75409PAA1      365   500000 PRN      DEFINED                     0   500000        0
REDBACK NETWORKS INC        BND CV              757209AA9      363  1000000 PRN      DEFINED                     0  1000000        0
REEBOK INTL LTD             COMMON              758110100     3954   191000 SH       DEFINED                     0   191000        0
REEBOK INTL LTD             BND CV              758110AD2      921  1000000 PRN      DEFINED                     0  1000000        0
REGIONS FINL CORP           COMMON              758940100     4242   147000 SH       DEFINED                     0   147000        0
REGIS CORP MINN             COMMON              758932107      552    26350 SH       DEFINED                     0    26350        0
REINSURANCE GROUP AMER I    COMMON              759351109      682    20000 SH       DEFINED                     0    20000        0
RELIANT ENERGY INC          COMMON              75952J108     2764   105000 SH       DEFINED                     0   105000        0
RENAL CARE GROUP INC        COMMON              759930100     1505    48900 SH       DEFINED                     0    48900        0
RESMED INC                  COMMON              761152107     4135    81400 SH       DEFINED                     0    77800     3600
RESPIRONICS INC             COMMON              761230101     2276    64000 SH       DEFINED                     0    64000        0
RF MICRODEVICES INC         COMMON              749941100     3121   188000 SH       DEFINED                     0   188000        0
RF MICRODEVICES INC         BND CV              749941AA8      764  1000000 PRN      DEFINED                     0  1000000        0
RITE AID CORP               COMMON              767754104     3559   461000 SH       DEFINED                     0   461000        0
RIVERSTONE NETWORKS INC     COMMON              769320102      368    70000 SH       DEFINED                     0    70000        0
ROSLYN BANCORP INC          COMMON              778162107      833    45000 SH       DEFINED                     0    45000        0
ROSS STORES INC             COMMON              778296103      649    22200 SH       DEFINED                     0    22200        0
ROYAL DUTCH PETE CO         COMMON              780257804     1005    20000 SH       DEFINED                     0    20000        0
RUBY TUESDAY INC            COMMON              781182100     1809   115200 SH       DEFINED                     0   115200        0
RURAL CELLULAR CORP         COMMON              781904107      639    26300 SH       DEFINED                     0    26300        0
RYDER SYS INC               COMMON              783549108      420    21000 SH       DEFINED                     0    21000        0
S1 CORPORATION              COMMON              78463B101      354    41800 SH       DEFINED                     0    41800        0
SABRE HLDGS CORP            COMMON              785905100     3155   118000 SH       DEFINED                     0   118000        0
SAFECO CORP                 COMMON              786429100      849    28000 SH       DEFINED                     0    28000        0
SAFEWAY INC                 COMMON              786514208    24158   608200 SH       DEFINED                     0   448900   159300
SANMINA CORP                BND CV              800907AC1      770  2200000 PRN      DEFINED                     0  2200000        0
SAWTEK INC                  COMMON              805468105      783    31500 SH       DEFINED                     0    31500        0
SBC COMMUNICATIONS INC      COMMON              78387G103     1885    40000 SH       DEFINED                     0    40000        0
SCHEIN HENRY INC            COMMON              806407102     2478    64200 SH       DEFINED                     0    64200        0
SCHERING PLOUGH CORP        COMMON              806605101    10314   278000 SH       DEFINED                     0    60000   218000
SCHLUMBERGER LTD            COMMON              806857108     3062    67000 SH       DEFINED                     0        0    67000
SCHWAB CHARLES CORP NEW     COMMON              808513105     2846   247500 SH       DEFINED                     0   247500        0
SCI SYS INC                 COMMON              783890106      736    30000 SH       DEFINED                     0    30000        0
SCOTTS CO                   COMMON              810186106      259     7600 SH       DEFINED                     0     7600        0
SCP POOL CORP               COMMON              784028102      608    28500 SH       DEFINED                     0    28500        0
SEALED AIR CORP NEW PFD     PFD CV              81211K209     1185    30000 SH       DEFINED                     0    30000        0
SEMTECH CORP                COMMON              816850101     3803   134000 SH       DEFINED                     0   134000        0
SEMTECH CORP                BND CV              816850AB7      466   500000 PRN      DEFINED                     0   500000        0
SEROLOGICALS CORP           COMMON              817523103      480    26500 SH       DEFINED                     0    26500        0
SHAW GROUP INC              COMMON              820280105     4068   144400 SH       DEFINED                     0   144400        0
SHIRE PHARMACEUTICALS GR    COMMON              82481R106     1769    43895 SH       DEFINED                     0    43895        0
SHUFFLE MASTER INC          COMMON              825549108      466    36950 SH       DEFINED                     0    36950        0
SICOR INC                   COMMON              825846108     1674    88600 SH       DEFINED                     0    88600        0
SIEBEL SYS INC              BND CV              826170AA0      462   500000 PRN      DEFINED                     0   500000        0
SIEBEL SYS INC              COMMON              826170102      651    50000 SH       DEFINED                     0    50000        0
SIGMA ALDRICH CORP          COMMON              826552101     4158    92000 SH       DEFINED                     0    92000        0
SILICON VY BANCSHARES       COMMON              827064106      953    47200 SH       DEFINED                     0    47200        0
SIX FLAGS INC               COMMON              83001P109     1321   108000 SH       DEFINED                     0   108000        0
SMARTFORCE PUB LTD CO       COMMON              83170A206     1978   120900 SH       DEFINED                     0   120900        0
SOLECTRON CORP              BND CV              834182AL1      820  2000000 PRN      DEFINED                     0  2000000        0
SONIC AUTOMOTIVE INC        COMMON              83545G102      258    19000 SH       DEFINED                     0    19000        0
SONIC CORP                  COMMON              835451105     1273    42000 SH       DEFINED                     0    42000        0
SONICBLUE INC               COMMON              83546Q109       22    20000 SH       DEFINED                     0    20000        0
SONICWALL INC               COMMON              835470105      154    13000 SH       DEFINED                     0    13000        0
SOUTHDOWN INC               COMMON              841297104     1385    19000 SH       DEFINED                     0        0    19000
SOUTHERN CO                 COMMON              842587107     4892   204000 SH       DEFINED                     0   204000        0
SOUTHTRUST CORP             COMMON              844730101     7386   290000 SH       DEFINED                     0   290000        0
SOUTHWEST AIRLS CO          COMMON              844741108      445    30000 SH       DEFINED                     0    30000        0
SOUTHWEST SECS GROUP INC    COMMON              845224104      669    38925 SH       DEFINED                     0    38925        0
SOVEREIGN BANCORP INC       COMMON              845905108     3691   388500 SH       DEFINED                     0   388500        0
SPARTECH CORP               COMMON              847220209      614    29700 SH       DEFINED                     0    29700        0
SPEEDFAM-IPEC INC           COMMON              847705100       11    10000 SH       DEFINED                     0    10000        0
STANDARD COML CORP          COMMON              853258101      247    15000 SH       DEFINED                     0    15000        0
STANDARD PAC CORP NEW       COMMON              85375C101     2010   103000 SH       DEFINED                     0   101500     1500
STANLEY WKS                 COMMON              854616109     5483   150000 SH       DEFINED                     0   150000        0
STAPLES INC                 COMMON              855030102     4105   307500 SH       DEFINED                     0   150000   157500
STATE STR CORP              COMMON              857477103    26713   587100 SH       DEFINED                     0   585700     1400
STATEN IS BANCORP INC       COMMON              857550107      707    28700 SH       DEFINED                     0    28700        0
STERICYCLE INC              COMMON              858912108      483    11600 SH       DEFINED                     0    11600        0
STEWART & STEVENSON SVCS    COMMON              860342104      771    32000 SH       DEFINED                     0    32000        0
STORAGE TECHNOLOGY CORP     COMMON              862111200      941    75000 SH       DEFINED                     0    75000        0
STRYKER CORP                COMMON              863667101    12156   229800 SH       DEFINED                     0   229000      800
SUN MICROSYSTEMS INC        COMMON              866810104     2101   254000 SH       DEFINED                     0     6000   248000
SUNGARD DATA SYS INC        COMMON              867363103     6544   280000 SH       DEFINED                     0   280000        0
SUNGLASS HUT INTL INC       COMMON              86736F106      309    27000 SH       DEFINED                     0    27000        0
SUNRISE ASSISTED LIVING     BND CV              86768KAA4     1995  2000000 PRN      DEFINED                     0  2000000        0
SUPERVALU INC               COMMON              868536103     4556   225200 SH       DEFINED                     0   225200        0
SURMODICS INC               COMMON              868873100     1039    26000 SH       DEFINED                     0    26000        0
SWIFT ENERGY CO             COMMON              870738101      707    34300 SH       DEFINED                     0    34300        0
SYBASE INC                  COMMON              871130100      860    92500 SH       DEFINED                     0    92500        0
SYBRON INTL CORP            COMMON              87114F106      748    27500 SH       DEFINED                     0    27500        0
SYLVAN LEARNING SYS INC     COMMON              871399101     1145    50000 SH       DEFINED                     0    50000        0
SYNCOR INTL CORP DEL        COMMON              87157J106      681    21400 SH       DEFINED                     0    21400        0
SYNOVUS FINL CORP           COMMON              87161C105     9453   342500 SH       DEFINED                     0   236000   106500
SYSCO CORP                  COMMON              871829107    11743   459800 SH       DEFINED                     0   459300      500
TALBOTS INC                 COMMON              874161102     1131    50400 SH       DEFINED                     0    50400        0
TARGET CORP                 COMMON              87612E106    34080  1073400 SH       DEFINED                     0   949400   124000
TARO PHARMACEUTICAL INDS    COMMON              M8737E108     1350    38400 SH       DEFINED                     0    38400        0
TBC CORP                    COMMON              872180104      104    10500 SH       DEFINED                     0    10500        0
TCF FINL CORP               COMMON              872275102     7991   173500 SH       DEFINED                     0   173500        0
TECH DATA CORP              COMMON              878237106     2206    58200 SH       DEFINED                     0    58200        0
TECHNOLOGY SOLUTIONS CO     COMMON              87872T108       72    34400 SH       DEFINED                     0    34400        0
TECO ENERGY INC             COMMON              872375100     4585   169200 SH       DEFINED                     0   169200        0
TELEFLEX INC                COMMON              879369106     1518    40600 SH       DEFINED                     0    40600        0
TELEFONOS DE MEXICO S A     BND CV              879403AD5     1210  1000000 PRN      DEFINED                     0  1000000        0
TELEPHONE & DATA SYS INC    COMMON              879433100     6639    70400 SH       DEFINED                     0    70400        0
TELLABS INC                 COMMON              879664100     4278   433000 SH       DEFINED                     0   203000   230000
TENET HEALTHCARE CORP       COMMON              88033G100    29342   491900 SH       DEFINED                     0   491500      400
TEREX CORP NEW              COMMON              880779103      278    15600 SH       DEFINED                     0    15600        0
TEVA PHARMACEUTICAL FIN     BND CV              88163VAA7      990  1000000 PRN      DEFINED                     0  1000000        0
TEVA PHARMACEUTICAL INDS    COMMON              881624209     3325    55000 SH       DEFINED                     0    55000        0
TEXAS INDS INC              COMMON              882491103      454    14700 SH       DEFINED                     0    14700        0
THERMO ELECTRON CORP        COMMON              883556102     4332   240000 SH       DEFINED                     0   240000        0
THORNBURG MTG INC           COMMON              885218107      795    48000 SH       DEFINED                     0    48000        0
THQ INC                     COMMON              872443403     2321    53800 SH       DEFINED                     0    53800        0
TIFFANY & CO NEW            COMMON              886547108    13449   621200 SH       DEFINED                     0   621200        0
TIMBERLINE SOFTWARE CORP    COMMON              887134104      275    50043 SH       DEFINED                     0    50043        0
TITANIUM METALS CORP        COMMON              888339108       38    12000 SH       DEFINED                     0    12000        0
TJX COS INC NEW             COMMON              872540109     4474   136000 SH       DEFINED                     0    12000   124000
TMP WORLDWIDE INC           COMMON              872941109     1278    45000 SH       DEFINED                     0    45000        0
TOO INC                     COMMON              890333107     1364    65000 SH       DEFINED                     0    65000        0
TORO CO                     COMMON              891092108      989    23500 SH       DEFINED                     0    23500        0
TOWER AUTOMOTIVE INC        BND CV              891707AE1     1178  1500000 PRN      DEFINED                     0  1500000        0
TOYS R US INC               COMMON              892335100     3480   202000 SH       DEFINED                     0   202000        0
TRANSOCEAN SEDCO FOREX I    BND CV              893830AA7      527   900000 PRN      DEFINED                     0   900000        0
TRANSOCEAN SEDCO FOREX I    COMMON              G90078109     4250   161000 SH       DEFINED                     0    75000    86000
TRANSWITCH CORP             COMMON              894065101      620   202500 SH       DEFINED                     0   202500        0
TRANSWITCH CORP             BND CV              894065AA9      344   500000 PRN      DEFINED                     0   500000        0
TRIAD GTY INC               COMMON              895925105      874    25000 SH       DEFINED                     0    25000        0
TRIAD HOSPITALS INC         COMMON              89579K109      846    23900 SH       DEFINED                     0    23900        0
TRIBUNE CO NEW              COMMON              896047107      848    27000 SH       DEFINED                     0    27000        0
TRIGON HEALTHCARE INC       COMMON              89618L100     5057    77200 SH       DEFINED                     0    77200        0
TRIQUINT SEMICONDUCTOR I    COMMON              89674K103      745    46600 SH       DEFINED                     0    46600        0
TYCO INTL LTD NEW           COMMON              902124106    52905  1162742 SH       DEFINED                     0   999542   163200
U S FOODSERVICE             COMMON              90331R101     2594   100000 SH       DEFINED                     0   100000        0
UCBH HOLDINGS INC           COMMON              90262T308      829    28400 SH       DEFINED                     0    28400        0
UNION PACIFIC               PFD CV              907824205      651    14500 SH       DEFINED                     0    14500        0
UNISOURCE ENERGY CORP       COMMON              909205106      224    16000 SH       DEFINED                     0    16000        0
UNITED PARCEL SERVICE IN    BND CV              911312AB2      969  1000000 PRN      DEFINED                     0  1000000        0
UNITED RENTALS INC          COMMON              911363109      173    10000 SH       DEFINED                     0    10000        0
UNITED STATIONERS INC       COMMON              913004107     1195    40000 SH       DEFINED                     0        0    40000
UNITED TECHNOLOGIES CORP    COMMON              913017109     5413   116400 SH       DEFINED                     0   116000      400
UNITEDHEALTH GROUP INC      COMMON              91324P102     7249   109000 SH       DEFINED                     0   108700      300
UNIVERSAL HLTH SVCS INC     COMMON              913903100    15372   315000 SH       DEFINED                     0   315000        0
UNIVISION COMMUNICATIONS    COMMON              914906102     2869   125000 SH       DEFINED                     0   125000        0
UNUMPROVIDENT CORP          COMMON              91529Y106     9628   381300 SH       DEFINED                     0   381300        0
US BANCORP DEL              COMMON              902973304    14399   649200 SH       DEFINED                     0   516200   133000
USA ED INC                  COMMON              90390U102      829    10000 SH       DEFINED                     0    10000        0
USFREIGHTWAYS CORP          COMMON              916906100      527    16800 SH       DEFINED                     0    16800        0
USWEB CORP                  COMMON              917327108      302     7800 SH       DEFINED                     0     7800        0
UTILICORP UTD INC           COMMON              918005109     4902   175000 SH       DEFINED                     0   175000        0
V F CORP                    COMMON              918204108     2634    90000 SH       DEFINED                     0    90000        0
VANS INC                    COMMON              921930103      184    16000 SH       DEFINED                     0    16000        0
VARIAN INC                  COMMON              922206107      943    37000 SH       DEFINED                     0    37000        0
VARIAN MED SYS INC          COMMON              92220P105     8519   132800 SH       DEFINED                     0   132800        0
VECTOR GROUP LTD            BND CV              92240MAA6      664   500000 PRN      DEFINED                     0   500000        0
VENATOR GROUP INC           COMMON              922944103     2237   146700 SH       DEFINED                     0   146700        0
VERITAS SOFTWARE CORP /     BND CV              92343RAA1      201   250000 PRN      DEFINED                     0   250000        0
VERIZON COMMUNICATIONS      COMMON              92343V104      649    12000 SH       DEFINED                     0    12000        0
VESTA INS GROUP INC         COMMON              925391104      144    11000 SH       DEFINED                     0    11000        0
VINTAGE PETE INC            COMMON              927460105     1444    91100 SH       DEFINED                     0    90200      900
VITESSE SEMICONDUCTOR CO    COMMON              928497106      742    95700 SH       DEFINED                     0    95700        0
VODAFONE GROUP PLC NEW      COMMON              92857W100     8070   367500 SH       DEFINED                     0   125000   242500
WACHOVIA CORP 2ND NEW       COMMON              929903102     1426    46000 SH       DEFINED                     0    46000        0
WAL MART STORES INC         COMMON              931142103    86387  1745200 SH       DEFINED                     0  1535200   210000
WASHINGTON FED INC          COMMON              938824109     1480    59100 SH       DEFINED                     0    59100        0
WASHINGTON MUT INC          COMMON              939322103    34222   889350 SH       DEFINED                     0   756600   132750
WASHINGTON MUTUAL           PFD CV              93933U308     1115    20000 SH       DEFINED                     0    20000        0
WASTE CONNECTIONS INC       COMMON              941053100      643    23800 SH       DEFINED                     0    23800        0
WASTE MGMT INC DEL          COMMON              94106L109     7220   270000 SH       DEFINED                     0   270000        0
WATERS CORP                 COMMON              941848103     9973   278800 SH       DEFINED                     0   278800        0
WATSON PHARMACEUTICALS I    COMMON              942683103     6532   119400 SH       DEFINED                     0    50000    69400
WEBSTER FINL CORP CONN      COMMON              947890109     1526    46300 SH       DEFINED                     0    46300        0
WELLPOINT HEALTH NETWORK    COMMON              94973H108     5458    50000 SH       DEFINED                     0    50000        0
WELLS FARGO & CO NEW        COMMON              949746101     1378    31000 SH       DEFINED                     0        0    31000
WESLEY JESSEN VISIONCARE    COMMON              951018100      971    25300 SH       DEFINED                     0    25300        0
WEST MARINE INC             COMMON              954235107       82    10400 SH       DEFINED                     0    10400        0
WESTAMERICA BANCORPORATI    COMMON              957090103     1262    35000 SH       DEFINED                     0    35000        0
WESTELL TECHNOLOGIES INC    COMMON              957541105       15    14000 SH       DEFINED                     0    14000        0
WESTPOINT STEVENS INC       COMMON              961238102      172    97000 SH       DEFINED                     0        0    97000
WHIRLPOOL CORP              COMMON              963320106     4052    73200 SH       DEFINED                     0    73200        0
WHOLE FOODS MKT INC         COMMON              966837106     3973   126500 SH       DEFINED                     0   126500        0
WILD OATS MARKETS INC       COMMON              96808B107      322    40550 SH       DEFINED                     0    40550        0
WILLIAMS SONOMA INC         COMMON              969904101     1071    45000 SH       DEFINED                     0    45000        0
WMS INDS INC                COMMON              929297109     1408    80500 SH       DEFINED                     0    80500        0
WOMEN FIRST HEALTHCARE      COMMON              978150100      107    13000 SH       DEFINED                     0    13000        0
WORLDCOM INC GA NEW         COMMON              98157D106     4595   305550 SH       DEFINED                     0   116550   189000
WORLDCOM INC GA NEW         PFD CV              98157D700     1410    60000 SH       DEFINED                     0    60000        0
WORTHINGTON INDS INC        COMMON              981811102      442    39300 SH       DEFINED                     0    39300        0
XCEL ENERGY INC             COMMON              98389B100     1295    46000 SH       DEFINED                     0    46000        0
XL CAP LTD                  COMMON              G98255105     7426    94000 SH       DEFINED                     0    94000        0
XOMA LTD                    COMMON              G9825R107      523    62000 SH       DEFINED                     0    62000        0
XTO ENERGY CORP             COMMON              98385X106     2120   152000 SH       DEFINED                     0   152000        0
YORK INTL CORP NEW          COMMON              986670107      484    16900 SH       DEFINED                     0    16900        0
YOUNG & RUBICAM INC         BND CV              987425AC9      913  1000000 PRN      DEFINED                     0  1000000        0
ZALE CORP NEW               COMMON              988858106     1192    45000 SH       DEFINED                     0    45000        0
ZIONS BANCORPORATION        COMMON              989701107    28992   540300 SH       DEFINED                     0   414300   126000
ZORAN CORP                  COMMON              98975F101     1034    42700 SH       DEFINED                     0    42700        0
</TABLE>

</TEXT>
</DOCUMENT>
