UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                            Form 13F

                       Form 13F COVER PAGE

Report  for  the Calendar Year or Quarter Ended:   September  30,
2001

Check here if Amendment [ X ]; Amendment Number:  1
  This Amendment (Check only one): [X] is a restatement
                                   [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95052-8119

Form 13F File Number:  28-5160

Person Signing this Report on Behalf of Reporting Manager:

Ravi Jacob, Assistant Treasurer (408) 765-1168

 ---------------------------------------------------------------
   ATTENTION--Intentional misstatements or omissions of facts
 constitute Federal Criminal Violations.  See 18 U.S.C. 1001 and
                        15 U.S.C. 78ff(a)
 ---------------------------------------------------------------
The  institutional investment manager filing this report and  the
person  by  whom  it is signed hereby represent that  the  person
signing  the  report  is  authorized  to  submit  it,  that   all
information  contained herein is true, correct and complete,  and
that  it  is  understood  that  all required  items,  statements,
schedules,  lists, and tables, are considered integral  parts  of
this form.

Signature, Place and Date of Signing:


/S/Ravi Jacob        Santa Clara, California  April 11, 2002
-------------------

Report Type (Check only one):

[X]  13F  HOLDINGS REPORT.  (Check here if all holdings  of  this
     reporting manager are reported in this report.)

[  ] 13F NOTICE.  (Check here if no holdings reported are in this
     report,  and  all  holdings are reported by other  reporting
     manager(s).)

[  ] 13F  COMBINATION REPORT.  (Check here if a  portion  of  the
     holdings  for  this reporting manager are reported  in  this
     report and a portion are reported by other manager(s).)



                      Form 13F SUMMARY PAGE

              REPORTING MANAGER:  INTEL CORPORATION

Report Summary:

Number of Other Included Managers:        -3-

Form 13F Information Table Entry Total:   535



Form 13F Information Table Value Total:   $3,082,415




*Confidential Treatment Requested:  Confidential information  has
been  omitted  from this Form 13F and filed separately  with  the
Commission.

List of Other Included Managers:

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

1.  MORGAN STANLEY DEAN WITTER & CO., File No: 28-3432
2.  HEWLETT PACKARD & CO. INC., File No: 28-2187
3.  INTEL PACIFIC, INC., File No:  28-6331

Note:  items marked with "**" on Information Table reflect shares
held  in the Intel 64 Fund LLC, with Manager 1's and Manager  2's
indirect   pro  rata  interest  reported  separately.  All   fund
investors participating in this investment (including Manager  1,
Manager  2  and the Reporting Person) share investment discretion
and  voting  authority over the combined shares shown as  Shared-
Other. Manager 1 and Manager 2 have informed the Reporting Person
that  they are required to file Forms 13F for fund holdings.  The
remaining fund investors have informed the reporting person  that
they are not separately required to file reports on Form 13F.






                                                                         9/30/01
                           FORM 13F INFORMATION TABLE
                      REPORTING MANAGER:  INTEL CORPORATION


                                                        ITEM 4:    ITEM 5:
                                                          FAIR      SHARES                                      ITEM 8:
                                   ITEM 2:   ITEM 3:    MARKET       OR          ITEM 6:                  VOTING AUTHORITY
             ITEM 1:               TITLE OF   CUSIP     VALUE    PRINCIPAL  SH INVESTMENT  ITEM 7:     (A)        (B)       (C)
                                                                            /
         NAME OF ISSUER             CLASS     NUMBER    (000)      AMOUNT   PR DISCRETION  MANAGERS   SOLE       SHARED     NONE
                                                                            N
                                                                                                
                                                                            >
ABBOTT LABS                       COM        002824100    25,019     482,534 SH SOLE                     482,534
ADC TELECOMMUNICATIONS INC        COM        000886101       850     243,500 SH SOLE                     243,500
ADOBE SYS INC                     COM        00724F101     1,789      74,600 SH SOLE                      74,600
ADVANCED MICRO DEVICES INC        COM        007903107       873     107,158 SH SOLE                     107,158
AES CORP                          COM        00130H105     2,126     165,800 SH SOLE                     165,800
AETNA INC NEW                     COM        00817Y108     1,281      44,345 SH SOLE                      44,345
AFLAC INC                         COM        001055102     4,423     163,800 SH SOLE                     163,800
AGILENT TECHNOLOGIES INC          COM        00846U101     2,782     142,323 SH SOLE                     142,323
AIR PRODS & CHEMS INC             COM        009158106     2,739      71,000 SH SOLE                      71,000
ALBERTO CULVER CO                 CL B CONV  013068101       684      17,600 SH SOLE                      17,600
ALBERTSONS INC                    COM        013104104     4,021     126,141 SH SOLE                     126,141
ALCAN INC                         COM        013716105     2,983      99,449 SH SOLE                      99,449
ALCOA INC                         COM        013817101     8,338     268,892 SH SOLE                     268,892
ALLEGHENY ENERGY INC              COM        017361106     1,424      38,800 SH SOLE                      38,800
ALLEGHENY TECHNOLOGIES INC        COM        01741R102       333      24,964 SH SOLE                      24,964
ALLERGAN INC                      COM        018490102     2,718      41,000 SH SOLE                      41,000
ALLIED WASTE INDS INC             NEW COM    019589308       784      61,500 SH SOLE                      61,500
ALLSTATE CORP                     COM PAR    020002101     8,428     225,660 SH SOLE                     225,660
                                 $.01  NEW
ALLTEL CORP                       COM        020039103     5,650      97,500 SH SOLE                      97,500

                Fair Market Value                         77,245


ALTERA CORP                       COM        021441100     1,986     120,500 SH SOLE                     120,500
AMBAC FINANCIAL GROUP INC         COM        023139108     1,805      33,000 SH SOLE                      33,000
AMERADA HESS CORP                 COM        023551104     1,765      27,800 SH SOLE                      27,800
AMEREN CORP                       COM        023608102     1,638      42,650 SH SOLE                      42,650
AMERICAN ELEC PWR INC             COM        025537101     4,337     100,332 SH SOLE                     100,332
AMERICAN EXPRESS CO               COM        025816109    11,978     412,184 SH SOLE                     412,184
AMERICAN GREETINGS CORP           CL A       026375105       263      19,845 SH SOLE                      19,845
AMERICAN HOME PRODS CORP          COM        026609107    23,850     409,436 SH SOLE                     409,436
AMERICAN INTL GROUP INC           COM        026874107    63,672     816,306 SH SOLE                     816,306
AMERICAN PWR CONVERSION CORP      COM        029066107       710      60,800 SH SOLE                      60,800
AMERICAN TOWER CORP               CL A       029912201       205      14,743 SH SOLE                      14,743
AMGEN INC                         COM        031162100    19,091     324,900 SH SOLE                     324,900
AMR CORP                          COM        001765106       917      47,900 SH SOLE                      47,900
AMSOUTH BANCORPORATION            COM        032165102     2,085     115,400 SH SOLE                     115,400
ANADARKO PETE CORP                COM        032511107     3,754      78,076 SH SOLE                      78,076
ANALOG DEVICES INC                COM        032654105     3,669     112,200 SH SOLE                     112,200
ANDREW CORP                       COM        034425108       462      25,425 SH SOLE                      25,425
ANHEUSER BUSCH COS INC            COM        035229103    11,710     279,600 SH SOLE                     279,600
AOL TIME WARNER INC               COM        00184A105    45,689   1,380,346 SH SOLE                   1,380,346
AON CORP                          COM        037389103     3,427      81,590 SH SOLE                      81,590
APACHE CORP                       COM        037411105     1,681      39,100 SH SOLE                      39,100
APPLE COMPUTER INC                COM        037833100     1,687     108,800 SH SOLE                     108,800
APPLERA CORP                      COM        038020103     1,606      65,800 SH SOLE                      65,800
APPLIED MATLS INC                 COM        038222105     7,204     253,300 SH SOLE                     253,300
APPLIED MICRO CIRCUITS CORP       COM        03822W109       655      93,700 SH SOLE                      93,700
ARCHER DANIELS MIDLAND CO         COM        039483102     2,603     206,736 SH SOLE                     206,736
ASHLAND INC                       COM        044204105       837      21,700 SH SOLE                      21,700
ASIACONTENT.COM LTD               SHS CL A   G05354116       505     561,134 SH DEFINED                            561,134
                                 NEW
ASIAINFO HOLDINGS INC             COM        04518A104     8,085     680,000 SH DEFINED                            680,000
AT&T CORP                         COM        001957109    20,747   1,074,972 SH SOLE                   1,074,972
AT&T WIRELESS SVCS INC            COM        00209A106    11,776     788,243 SH SOLE                     788,243
AUTODESK INC                      COM        052769106       542      16,900 SH SOLE                      16,900
AUTOMATIC DATA PROCESSING INC     COM        053015103     9,145     194,402 SH SOLE                     194,402
AUTOZONE INC                      COM        053332102     1,805      34,800 SH SOLE                      34,800

                FAIR MARKET VALUE                        271,891


AVAYA INC                         COM        053499109       875      88,336 SH SOLE                      88,336
AVERY DENNISON CORP               COM        053611109     1,627      34,400 SH SOLE                      34,400
AVON PRODS INC                    COM        054303102     3,419      73,914 SH SOLE                      73,914
BAKER HUGHES INC                  COM        057224107     3,029     104,630 SH SOLE                     104,630
BALL CORP                         COM        058498106       509       8,500 SH SOLE                       8,500
BANK NEW YORK INC                 COM        064057102     8,019     229,104 SH SOLE                     229,104
BANK OF AMERICA CORPORATION       COM        060505104    29,163     499,363 SH SOLE                     499,363
BANK ONE CORP                     COM        06423A103    11,428     363,138 SH SOLE                     363,138
BARD C R INC                      COM        067383109       812      15,800 SH SOLE                      15,800
BARRICK GOLD CORP                 COM        067901108     2,141     123,400 SH SOLE                     123,400
BAUSCH & LOMB INC                 COM        071707103       475      16,800 SH SOLE                      16,800
BAXTER INTL INC                   COM        071813109    10,159     184,540 SH SOLE                     184,540
BB&T CORP                         COM        054937107     4,644     127,400 SH SOLE                     127,400
BEAR STEARNS COS INC              COM        073902108     1,638      32,761 SH SOLE                      32,761
BECTON DICKINSON & CO             COM        075887109     2,967      80,200 SH SOLE                      80,200
BED BATH & BEYOND INC             COM        075896100     2,289      89,900 SH SOLE                      89,900
BELLSOUTH CORP                    COM        079860102    24,259     583,844 SH SOLE                     583,844
BEMIS INC                         COM        081437105       654      16,400 SH SOLE                      16,400
BEST BUY INC                      COM        086516101     2,963      65,200 SH SOLE                      65,200
BIG LOTS INC                      COM        089302103       293      35,400 SH SOLE                      35,400
BIOGEN INC                        COM        090597105     2,579      46,400 SH SOLE                      46,400
BIOMET INC                        COM        090613100     2,445      83,600 SH SOLE                      83,600
BLACK & DECKER CORP               COM        091797100       789      25,300 SH SOLE                      25,300
BLOCK H & R INC                   COM        093671105     2,190      56,800 SH SOLE                      56,800
BMC SOFTWARE INC                  COM        055921100       964      75,900 SH SOLE                      75,900
BOEING CO                         COM        097023105     9,104     271,761 SH SOLE                     271,761
BOISE CASCADE CORP                COM        097383103       527      17,855 SH SOLE                      17,855
BOSTON SCIENTIFIC CORP            COM        101137107     2,565     125,104 SH SOLE                     125,104
BRISTOL MYERS SQUIBB CO           COM        110122108    33,641     605,484 SH SOLE                     605,484
BROADCOM CORP                     CL A       111320107     1,646      81,100 SH SOLE                      81,100
BROADVISION INC                   COM        111412102        73      79,800 SH SOLE                      79,800
BROWN FORMAN CORP                 CL B       115637209     1,352      21,400 SH SOLE                      21,400
BRUNSWICK CORP                    COM        117043109       448      27,200 SH SOLE                      27,200
BURLINGTON NORTH SANTA FE CP      COM        12189T104     3,265     122,073 SH SOLE                     122,073
BURLINGTON RES INC                COM        122014103     2,254      65,880 SH SOLE                      65,880

                FAIR MARKET VALUE                        175,205


CADENCE DESIGN SYSTEMS INC        COM        127387108       415      24,901 SH SOLE                      24,901
CALPINE CORP                      COM        131347106     2,121      93,000 SH SOLE                      93,000
CAMPBELL SOUP CO                  COM        134429109     3,562     127,200 SH SOLE                     127,200
CAPITAL ONE FINL CORP             COM        14040H105     2,987      64,900 SH SOLE                      64,900
CARDINAL HEALTH INC               COM        14149Y108    10,275     138,950 SH SOLE                     138,950
CARNIVAL CORP                     COM        143658102     4,010     182,100 SH SOLE                     182,100
CATERPILLAR INC DEL               COM        149123101     4,791     106,944 SH SOLE                     106,944
CENDANT CORP                      COM        151313103     3,396     265,336 SH SOLE                     265,336
CENTEX CORP                       COM        152312104       624      18,500 SH SOLE                      18,500
CENTURYTEL INC                    COM        156700106     1,471      43,900 SH SOLE                      43,900
CHARTER ONE FINL INC              COM        160903100     1,907      67,573 SH SOLE                      67,573
CHEVRON CORP                      COM        166751107    16,942     199,900 SH SOLE                     199,900
CHIRON CORP                       COM        170040109     2,625      59,100 SH SOLE                      59,100
CHUBB CORP                        COM        171232101     3,897      54,577 SH SOLE                      54,577
CIGNA CORP                        COM        125509109     3,874      46,700 SH SOLE                      46,700
CINCINNATI FINL CORP              COM        172062101     2,081      50,000 SH SOLE                      50,000
CINERGY CORP                      COM        172474108     1,531      49,600 SH SOLE                      49,600
CINTAS CORP                       COM        172908105     2,124      52,700 SH SOLE                      52,700
CIRCUIT CITY STORE INC            CIRCUIT    172737108       778      64,800 SH SOLE                      64,800
                                 CITY GRP
CISCO SYS INC                     COM        17275R102    28,149   2,311,101 SH SOLE                   2,311,101
CITIGROUP INC                     COM        172967101    63,448   1,566,610 SH SOLE                   1,566,610
CITIZENS COMMUNICATIONS CO        COM        17453B101       836      88,900 SH SOLE                      88,900
CITRIX SYS INC                    COM        177376100     1,140      57,600 SH SOLE                      57,600
CLEAR CHANNEL COMMUNICATIONS      COM        184502102     7,278     183,100 SH SOLE                     183,100
CLOROX CO DEL                     COM        189054109     2,727      73,700 SH SOLE                      73,700
CMS ENERGY CORP                   COM        125896100       822      41,100 SH SOLE                      41,100
COCA COLA CO                      COM        191216100    36,304     774,904 SH SOLE                     774,904
COCA COLA ENTERPRISES INC         COM        191219104     2,128     138,700 SH SOLE                     138,700
COLGATE PALMOLIVE CO              COM        194162103    10,182     174,800 SH SOLE                     174,800
COMCAST CORP                      CL A SPL   200300200    10,560     294,400 SH SOLE                     294,400
COMERICA INC                      COM        200340107     3,078      55,567 SH SOLE                      55,567
COMPAQ COMPUTER CORP              COM        204493100     4,373     526,200 SH SOLE                     526,200
COMPUTER ASSOC INTL INC           COM        204912109     4,624     179,625 SH SOLE                     179,625

                FAIR MARKET VALUE                        245,060



COMPUTER SCIENCES CORP            COM        205363104     1,745      52,600 SH SOLE                      52,600
COMPUWARE CORP                    COM        205638109       955     114,600 SH SOLE                     114,600
COMVERSE TECHNOLOGY INC           COM PAR    205862402     1,098      53,600 SH SOLE                      53,600
                                 $0.10
CONAGRA FOODS INC                 COM        205887102     3,756     167,314 SH SOLE                     167,314
CONCORD EFS INC                   COM        206197105     3,671      75,000 SH SOLE                      75,000
CONEXANT SYSTEMS INC              COM        207142100       639      77,000 SH SOLE                      77,000
CONOCO INC                        CL B       208251405     4,931     194,600 SH SOLE                     194,600
CONSECO INC                       COM        208464107       764     105,245 SH SOLE                     105,245
CONSOLIDATED EDISON INC           COM        209115104     2,688      66,000 SH SOLE                      66,000
CONSTELLATION ENERGY GROUP INC    CL A       210371100     1,234      51,000 SH SOLE                      51,000

CONVERA CORP                      COM        211919105    36,626  14,949,384 SH SOLE                  14,949,384

CONVERGYS CORP                    COM        212485106     1,479      53,300 SH SOLE                      53,300
COOPER INDS INC                   COM        216669101     1,211      29,200 SH SOLE                      29,200
COOPER TIRE & RUBR CO             COM        216831107       320      22,500 SH SOLE                      22,500
COORS ADOLPH CO                   CL B       217016104       518      11,500 SH SOLE                      11,500
CORNING INC                       COM        219350105     2,556     289,800 SH SOLE                     289,800
COSTCO WHSL CORP NEW              COM        22160K105     4,986     140,200 SH SOLE                     140,200
COUNTRYWIDE CR INDS INC DEL       COM        222372104     1,621      36,900 SH SOLE                      36,900
CRANE CO                          COM        224399105       408      18,600 SH SOLE                      18,600
CROSSROADS SYSTEMS INC            COM        22765D100     3,370   1,021,146 SH SOLE                   1,021,146
CROSSWORLDS SOFTWARE INC          COM        22769P109       793     333,333 SH SOLE                     333,333
CSX CORP                          COM        126408103     2,095      66,500 SH SOLE                      66,500
CUMMINS INC                       COM        231021106       422      12,800 SH SOLE                      12,800
CVS CORP                          COM        126650100     4,067     122,500 SH SOLE                     122,500
DANA CORP                         COM        235811106       718      46,010 SH SOLE                      46,010
DANAHER CORP DEL                  COM        235851102     2,095      44,400 SH SOLE                      44,400
DARDEN RESTAURANTS INC            COM        237194105       963      36,700 SH SOLE                      36,700
DEERE & CO                        COM        244199105     2,749      73,100 SH SOLE                      73,100
DELL COMPUTER CORP                COM        247025109    15,015     810,300 SH SOLE                     810,300
DELPHI AUTOMOTIVE SYS CORP        COM        247126105     2,049     174,375 SH SOLE                     174,375
DELTA AIR LINES INC DEL           COM        247361108     1,009      38,300 SH SOLE                      38,300
DELUXE CORP                       COM        248019101       760      22,000 SH SOLE                      22,000
DEVON ENERGY CORP NEW             COM        25179M103     1,390      40,400 SH SOLE                      40,400

               FAIR MARKET VALUE                       108,701



DILLARDS INC                      CL A       254067101       349      26,500 SH SOLE                      26,500
DISNEY WALT CO                    COM        254687106    12,122     651,042 SH SOLE                     651,042
                                 DISNEY
DOLLAR GEN CORP                   COM        256669102     1,206     103,111 SH SOLE                     103,111
DOMINION RES INC VA NEW           COM        25746U109     4,569      76,984 SH SOLE                      76,984
DONNELLEY R R & SONS CO           COM        257867101       987      36,500 SH SOLE                      36,500
DOVER CORP                        COM        260003108     1,906      63,300 SH SOLE                      63,300
DOW CHEM CO                       COM        260543103     9,158     279,559 SH SOLE                     279,559
DOW JONES & CO INC                COM        260561105     1,222      26,900 SH SOLE                      26,900
DTE ENERGY CO                     COM        233331107     2,213      51,400 SH SOLE                      51,400
DU PONT E I DE NEMOURS & CO       COM        263534109    12,186     324,794 SH SOLE                     324,794
DUKE ENERGY CORP                  COM        264399106     9,099     240,394 SH SOLE                     240,394
DYNEGY INC NEW                    CL A       26816Q101     3,517     101,500 SH SOLE                     101,500
EASTMAN CHEM CO                   COM        277432100       862      23,946 SH SOLE                      23,946
EASTMAN KODAK CO                  COM        277461109     2,938      90,331 SH SOLE                      90,331
EATON CORP                        COM        278058102     1,273      21,500 SH SOLE                      21,500
ECOLAB INC                        COM        278865100     1,442      39,700 SH SOLE                      39,700
EDISON INTL                       COM        281020107     1,336     101,500 SH SOLE                     101,500
EL PASO CORP                      COM        28336L109     6,589     158,580 SH SOLE                     158,580
ELECTRONIC DATA SYS NEW           COM        285661104     8,395     145,800 SH SOLE                     145,800
EMC CORP MASS                     COM        268648102     8,078     687,506 SH SOLE                     687,506
EMERSON ELEC CO                   COM        291011104     6,283     133,500 SH SOLE                     133,500
EMULEX CORPORATION                COM NEW    292475209       742      78,016 SH SOLE                      78,016
ENGAGE INC                        COM        292827102         4      17,919 SH SOLE                      17,919
ENGELHARD CORP                    COM        292845104       940      40,700 SH SOLE                      40,700
ENRON CORP                        COM        293561106     6,330     232,472 SH SOLE                     232,472
ENTERASYS NETWORKS INC            COM        293637104       355      55,100 SH SOLE                      55,100
ENTERGY CORP NEW                  COM        29364G103     2,447      68,800 SH SOLE                      68,800
EOG RES INC                       COM        26875P101     1,044      36,100 SH SOLE                      36,100
EQUIFAX INC                       COM        294429105       977      44,600 SH SOLE                      44,600
ESOFT INC                         COM        296904105       226     266,403 SH SOLE                     266,403
EXELON CORP                       COM        30161N101     4,455      99,887 SH SOLE                      99,887
EXXON MOBIL CORP                  COM        30231G102    84,695   2,149,618 SH SOLE                   2,149,618
FEDERAL NATL MTG ASSN             COM        313586109    24,955     311,700 SH SOLE                     311,700
FEDERATED DEPT STORES INC DEL     COM        31410H101     1,734      61,502 SH SOLE                      61,502

                FAIR MARKET VALUE                        224,634


FEDEX CORP                        COM        31428X106     3,518      95,740 SH SOLE                      95,740
FIFTH THIRD BANCORP               COM        316773100    11,022     179,273 SH SOLE                     179,273
FIRST DATA CORP                   COM        319963104     7,114     122,100 SH SOLE                     122,100
FIRSTENERGY CORP                  COM        337932107     2,509      69,800 SH SOLE                      69,800
FISERV INC                        COM        337738108     1,979      58,000 SH SOLE                      58,000
FLEETBOSTON FINL CORP             COM        339030108    12,245     337,321 SH SOLE                     337,321
FLUOR CORP NEW                    COM        343412102       951      24,700 SH SOLE                      24,700
FMC CORP                          COM NEW    302491303       475       9,700 SH SOLE                       9,700
FORD MTR CO DEL                   COM PAR    345370860     9,890     570,043 SH SOLE                     570,043
                                 $0.01
FOREST LABS INC                   COM        345838106     3,960      54,900 SH SOLE                      54,900
FORTUNE BRANDS INC                COM        349631101     1,594      47,576 SH SOLE                      47,576
FPL GROUP INC                     COM        302571104     2,931      54,735 SH SOLE                      54,735
FRANKLIN RES INC                  COM        354613101     2,857      82,400 SH SOLE                      82,400
FEDERAL HOME LN MTG CORP          COM        313400301    14,029     215,832 SH SOLE                     215,832
FREEPORT MCMORAN COPPER & GOLD    CL B       35671D857       493      44,880 SH SOLE                      44,880
GANNETT INC                       COM        364730101     4,953      82,400 SH SOLE                      82,400
GAP INC DEL                       COM        364760108     3,200     267,774 SH SOLE                     267,774
GATEWAY INC                       COM        367626108       548     100,600 SH SOLE                     100,600
GENERAL DYNAMICS CORP             COM        369550108     5,529      62,600 SH SOLE                      62,600
GENERAL ELEC CO                   COM        369604103   115,118   3,094,580 SH SOLE                   3,094,580
GENERAL MLS INC                   COM        370334104     4,036      88,700 SH SOLE                      88,700
GENERAL MTRS CORP                 COM        370442105     7,330     170,870 SH SOLE                     170,870
GENUINE PARTS CO                  COM        372460105     1,706      53,550 SH SOLE                      53,550
GEORGIA PAC CORP                  COM        373298108     2,024      70,306 SH SOLE                      70,306
GILLETTE CO COM                   COM        375766102     9,792     328,600 SH SOLE                     328,600
GLOBAL CROSSING LTD               COM        G3921A100       497     276,195 SH SOLE                     276,195
GOLDEN WEST FINL CORP DEL         COM        381317106     2,876      49,500 SH SOLE                      49,500
GOODRICH CORP                     COM        382388106       629      32,300 SH SOLE                      32,300
GOODYEAR TIRE & RUBR CO           COM        382550101       912      49,500 SH SOLE                      49,500
GPU INC                           COM        36225X100     1,505      37,300 SH SOLE                      37,300
GRAINGER W W INC                  COM        384802104     1,150      29,600 SH SOLE                      29,600
GREAT LAKES CHEM CORP             COM        390568103       345      15,600 SH SOLE                      15,600
GUIDANT CORP                      COM        401698105     3,684      95,700 SH SOLE                      95,700
HALLIBURTON CO                    COM        406216101     3,014     133,650 SH SOLE                     133,650

                FAIR MARKET VALUE                        244,415


HANCOCK JOHN FINL SVCS INC        COM        41014S106     3,835      96,000 SH SOLE                      96,000
HARLEY DAVIDSON INC               COM        412822108     3,815      94,200 SH SOLE                      94,200
HARRAHS ENTMT INC                 COM        413619107       985      36,450 SH SOLE                      36,450
HARTFORD FINL SVCS GROUP INC      COM        416515104     4,337      73,836 SH SOLE                      73,836
HASBRO INC                        COM        418056107       751      53,650 SH SOLE                      53,650
HCA INC                           COM        404119109     7,424     167,550 SH SOLE                     167,550
HEALTHSOUTH CORP                  COM        421924101     1,974     121,400 SH SOLE                     121,400
HEINZ H J CO                      COM        423074103     4,577     108,600 SH SOLE                     108,600
HERCULES INC                      COM        427056106       277      33,604 SH SOLE                      33,604
HERSHEY FOODS CORP                COM        427866108     2,778      42,500 SH SOLE                      42,500
HEWLETT PACKARD CO                COM        428236103     9,742     605,276 SH SOLE                     605,276
HILTON HOTELS CORP                COM        432848109       902     114,900 SH SOLE                     114,900
HOME DEPOT INC                    COM        437076102    27,897     727,050 SH SOLE                     727,050
HOMESTAKE MNG CO                  COM        437614100       763      82,004 SH SOLE                      82,004
HONEYWELL INTL INC                COM        438516106     6,657     252,144 SH SOLE                     252,144
HOUSEHOLD INTL INC                COM        441815107     8,150     144,548 SH SOLE                     144,548
HUMANA INC                        COM        444859102       638      52,900 SH SOLE                      52,900
HUNTINGTON BANCSHARES INC         COM        446150104     1,354      78,222 SH SOLE                      78,222
INTERNATIONAL BUSINESS MACHS      COM        459200101    49,921     541,196 SH SOLE                     541,196
ILLINOIS TOOL WKS INC             COM        452308109     5,124      94,700 SH SOLE                      94,700
IMMUNEX CORP NEW                  COM        452528102       198      10,600 SH SOLE                      10,600
IMS HEALTH INC                    COM        449934108     2,302      91,900 SH SOLE                      91,900
INCO LTD                          COM        453258402       703      56,642 SH SOLE                      56,642
INGERSOLL RAND CO                 COM        456866102     1,688      49,950 SH SOLE                      49,950
INTEGRATED TELECOM EXPRESS INC    COM        45817U101     1,429   1,428,571 SH SOLE                   1,428,571
INTEL CORP                        COM        458140100    39,185   1,921,772 SH SOLE                   1,921,772
INTERACTIVE INTELLIGENCE INC      COM        45839M103     3,000     600,000 SH DEFINED                            600,000
INTL PAPER CO                     COM        460146103     5,240     150,565 SH SOLE                     150,565
INTERPUBLIC GROUP COS INC         COM        460690100     2,387     117,000 SH SOLE                     117,000
INTERNATIONAL      FLAVORS      & COM        459506101       826      29,843 SH SOLE                      29,843
FRAGRANCES
INTUIT                            COM        461202103     2,323      64,900 SH SOLE                      64,900
ITT INDS INC IND                  COM        450911102     1,222      27,285 SH SOLE                      27,285
ITXC CORPORATION                  COM        45069F109     2,418     948,376 SH SOLE                     948,376
J P MORGAN CHASE & CO             COM        46625H100    21,118     618,377 SH SOLE                     618,377

                FAIR MARKET VALUE                        225,940


JABIL CIRCUIT INC                 COM        466313103     1,067      59,600 SH SOLE                      59,600
JDS UNIPHASE CORP                 COM        46612J101     2,592     410,100 SH SOLE                     410,100
JEFFERSON PILOT CORP              COM        475070108     2,109      47,412 SH SOLE                      47,412
JOHNSON & JOHNSON                 COM        478160104    52,263     943,380 SH SOLE                     943,380
JOHNSON CTLS INC                  COM        478366107     1,768      27,100 SH SOLE                      27,100
K MART CORP                       COM        482584109     1,066     152,573 SH SOLE                     152,573
KANA SOFTWARE INC                 COM        483600102        48     133,291 SH SOLE                     133,291
KB HOME                           COM        48666K109       394      13,874 SH SOLE                      13,874
KELLOGG CO                        COM        487836108     3,794     126,478 SH SOLE                     126,478
KERR MCGEE CORP                   COM        492386107     1,540      29,667 SH SOLE                      29,667
KEYCORP NEW                       COM        493267108     3,191     132,182 SH SOLE                     132,182
KEYSPAN CORP                      COM        49337W100     1,419      42,700 SH SOLE                      42,700
KIMBERLY CLARK CORP               COM        494368103    10,280     165,800 SH SOLE                     165,800
KINDER MORGAN INC KANS            COM        49455P101     1,757      35,700 SH SOLE                      35,700
KING PHARMACEUTICALS INC          COM        495582108     2,985      71,166 SH SOLE                      71,166
KLA-A367TENCOR CORP               COM        482480100     1,825      57,800 SH SOLE                      57,800
KNIGHT RIDDER INC                 COM        499040103     1,279      22,900 SH SOLE                      22,900
KOHLS CORP                        COM        500255104     4,982     103,800 SH SOLE                     103,800
KROGER CO                         COM        501044101     6,224     252,600 SH SOLE                     252,600
LASTMINUTE COM PLC                SPONSORED  518129101     1,339   4,487,710 SH SOLE                   4,487,710
                                 ADR
LEGGETT & PLATT INC               COM        524660107     1,191      61,100 SH SOLE                      61,100
LEHMAN BROS HLDGS INC             COM        524908100     4,366      76,800 SH SOLE                      76,800
LEXMARK INTL INC                  CL A       529771107     1,788      40,000 SH SOLE                      40,000
LIGHTSPAN INC                     COM        53226T103       381     319,867 SH SOLE                     319,867
LILLY ELI & CO                    COM        532457108    28,251     350,070 SH SOLE                     350,070
LIMITED INC                       COM        532716107     1,262     132,866 SH SOLE                     132,866
LINCOLN NATL CORP IND             COM        534187109     2,728      58,500 SH SOLE                      58,500
LINEAR TECHNOLOGY CORP            COM        535678106     3,247      99,000 SH SOLE                      99,000
LIZ CLAIBORNE INC                 COM        539320101       615      16,300 SH SOLE                      16,300
LOCKHEED MARTIN CORP              COM        539830109     5,917     135,244 SH SOLE                     135,244
LOEWS CORP                        COM        540424108     2,846      61,500 SH SOLE                      61,500
LOUISIANA PAC CORP                COM        546347105       211      32,500 SH SOLE                      32,500
LOWES COS INC                     COM        548661107     7,587     239,700 SH SOLE                     239,700
LSI LOGIC CORP                    COM        502161102     1,323     112,580 SH SOLE                     112,580

                FAIR MARKET VALUE                        163,635


LUCENT TECHNOLOGIES INC           COM        549463107     6,080   1,061,046 SH SOLE                   1,061,046
MANOR CARE INC NEW                COM        564055101       899      32,000 SH SOLE                      32,000
MARRIOTT INTL INC NEW+A393        CL A       571903202     2,536      75,934 SH SOLE                      75,934
MARSH & MCLENNAN COS INC          COM        571748102     8,304      85,879 SH SOLE                      85,879
MASCO CORP                        COM        574599106     2,929     143,300 SH SOLE                     143,300
MATTEL INC                        COM        577081102     2,103     134,316 SH SOLE                     134,316
MAXIM INTEGRATED PRODS INC        COM        57772K101     3,571     102,200 SH SOLE                     102,200
MAY DEPT STORES CO                COM        577778103     2,702      93,100 SH SOLE                      93,100
MAYTAG CORP                       COM        578592107       583      23,673 SH SOLE                      23,673
MBIA INC                          COM        55262C100     2,308      46,150 SH SOLE                      46,150
MBNA CORP                         COM        55262L100     8,037     265,330 SH SOLE                     265,330
MCDERMOTT INTL INC                COM        580037109       158      19,100 SH SOLE                      19,100
MCDONALDS CORP                    COM        580135101    10,935     402,928 SH SOLE                     402,928
MCGRAW HILL COS INC               COM        580645109     3,539      60,816 SH SOLE                      60,816
MCKESSON CORP                     COM        58155Q103     3,357      88,838 SH SOLE                      88,838
MEAD CORP                         COM        582834107       858      31,000 SH SOLE                      31,000
MEDIMMUNE INC                     COM        584699102     2,362      66,300 SH SOLE                      66,300
MEDTRONIC INC                     COM        585055106    16,378     376,512 SH SOLE                     376,512
MELLON FINL CORP                  COM        58551A108     4,806     148,660 SH SOLE                     148,660
MERCK & CO INC                    COM        589331107    47,583     714,458 SH SOLE                     714,458
MERCURY INTERACTIVE CORP          COM        589405109       489      25,700 SH SOLE                      25,700
MEREDITH CORP                     COM        589433101       498      15,500 SH SOLE                      15,500
MERRILL LYNCH & CO INC            COM        590188108    10,616     261,488 SH SOLE                     261,488
METLIFE INC                       COM        59156R108     6,938     233,600 SH SOLE                     233,600
MGIC INVT CORP WIS                COM        552848103     2,176      33,300 SH SOLE                      33,300
MICRON TECHNOLOGY INC             COM        595112103     3,497     185,700 SH SOLE                     185,700
MICROSOFT CORP                    COM        594918104    85,802   1,676,800 SH SOLE                   1,676,800
MILLIPORE CORP                    COM        601073109       778      14,700 SH SOLE                      14,700
MINNESOTA MNG & MFG CO            COM        604059105    12,143     123,400 SH SOLE                     123,400
MIRANT CORP                       COM        604675108     2,314     105,682 SH SOLE                     105,682
MOLEX INC                         COM        608554101     1,712      60,900 SH SOLE                      60,900
MOODYS CORP                       COM        615369105     1,817      49,100 SH SOLE                      49,100
MORGAN STANLEY DEAN WTTER & CO    COM NEW    617446448    16,068     346,658 SH SOLE                     346,658
MOTOROLA INC                      COM        620076109    10,672     684,105 SH SOLE                     684,105
NABORS INDS INC                   COM        629568106       958      45,700 SH SOLE                      45,700

                FAIR MARKET VALUE                        286,506


NATIONAL CITY CORP                COM        635405103     5,604     187,126 SH SOLE                     187,126
NATIONAL SEMICONDUCTOR CORP       COM        637640103     1,188      53,900 SH SOLE                      53,900
NATIONAL SVC INDS INC             COM        637657107       264      12,800 SH SOLE                      12,800
NAVISTAR INTL CORP NEW            COM        63934E108       521      18,460 SH SOLE                      18,460
NCR CORP                          COM        62886E108       892      30,100 SH SOLE                      30,100
NETWORK APPLIANCE INC             COM        64120L104       690     101,400 SH SOLE                     101,400
NEW YORK TIMES CO                 CL A       650111107     1,936      49,600 SH SOLE                      49,600
NEWELL RUBBERMAID INC             COM        651229106     1,887      83,106 SH SOLE                      83,106
NEWMONT MINING CORP               COM        651639106     1,438      60,914 SH SOLE                      60,914
NEXTEL COMMUNICATIONS INC         CL A       65332V103     2,064     238,400 SH SOLE                     238,400
NIAGARA MOHAWK HLDGS INC          COM        653520106       847      49,900 SH SOLE                      49,900
NICOR INC                         COM        654086107       546      14,100 SH SOLE                      14,100
NIKE INC                          CL B       654106103     3,955      84,500 SH SOLE                      84,500
NISOURCE INC                      COM        65473P105     1,501      64,400 SH SOLE                      64,400
NOBLE DRILLING CORP               COM        655042109     1,003      41,800 SH SOLE                      41,800
NORDSTROM INC WASH                COM        655664100       603      41,700 SH SOLE                      41,700
NORFOLK SOUTHERN CORP             COM        655844108     1,930     119,724 SH SOLE                     119,724
NORTEL NETWORKS CORP NEW          COM        656568102     5,562     992,636 SH SOLE                     992,636
NORTHERN TR CORP                  COM        665859104     3,642      69,400 SH SOLE                      69,400
NORTHROP GRUMMAN CORP             COM        666807102     2,677      26,509 SH SOLE                      26,509
NOVATEL WIRELESS INC              COM        66987M109       170     434,782 SH SOLE                     434,782
NOVELL INC                        COM        670006105       411     112,195 SH SOLE                     112,195
NOVELLUS SYS INC                  COM        670008101     1,268      44,400 SH SOLE                      44,400
NUCOR CORP                        COM        670346105       957      24,100 SH SOLE                      24,100
OCCIDENTAL PETE CORP DEL          COM        674599105     2,809     115,400 SH SOLE                     115,400
OFFICE DEPOT INC                  COM        676220106     1,261      92,700 SH SOLE                      92,700
OMNICOM GROUP INC                 COM        681919106     3,745      57,700 SH SOLE                      57,700
ONEOK INC                         COM        682680103       286      17,300 SH SOLE                      17,300
ORACLE CORP                       COM        68389X105    22,000   1,748,784 SH SOLE                   1,748,784
PACCAR INC                        COM        693718108     1,173      23,900 SH SOLE                      23,900
PACTIV CORP                       COM        695257105       718      49,530 SH SOLE                      49,530
PALL CORP                         COM        696429307       743      38,200 SH SOLE                      38,200
PALM INC                          COM        696642107       258     176,767 SH SOLE                     176,767
PARAMETRIC TECHNOLOGY CORP        COM        699173100       427      82,200 SH SOLE                      82,200
PARKER HANNIFIN CORP              COM        701094104     1,252      36,350 SH SOLE                      36,350

                FAIR MARKET VALUE                         76,228


PAYCHEX INC                       COM        704326107     3,664     116,275 SH SOLE                     116,275
PENNEY J C INC                    COM        708160106     1,795      81,978 SH SOLE                      81,978
PEOPLES ENERGY CORP               COM        711030106       435      10,949 SH SOLE                      10,949
PEOPLESOFT INC                    COM        712713106     1,652      91,600 SH SOLE                      91,600
PEPSI BOTTLING GROUP INC          COM        713409100     2,064      44,800 SH SOLE                      44,800
PEPSICO INC                       COM        713448108    26,719     550,902 SH SOLE                     550,902
PEREGRINE SYSTEMS INC             COM        71366Q101       157      12,512 SH SOLE                      12,512

PEREGRINE SYSTEMS INC             COM        71366Q101        52       4,183 SH OTHER                                4,183

PERKINELMER INC                   COM        714046109       824      31,396 SH SOLE                      31,396
PFIZER INC                        COM        717081103    78,863   1,966,670 SH SOLE                   1,966,670
PG&E CORP                         COM        69331C108     1,833     120,598 SH SOLE                     120,598
PHARMACIA CORP                    COM        71713U102    16,436     405,229 SH SOLE                     405,229
PHELPS DODGE CORP                 COM        717265102       677      24,618 SH SOLE                      24,618
PHILIP MORRIS COS INC             COM        718154107    33,089     685,209 SH SOLE                     685,209
PHILLIPS PETE CO                  COM        718507106     6,375     118,180 SH SOLE                     118,180
PINNACLE SYSTEMS                  COM        723481107        60      20,749 SH SOLE                      20,749
PINNACLE WEST CAP CORP            COM        723484101     1,048      26,400 SH SOLE                      26,400
PITNEY BOWES INC                  COM        724479100     2,941      76,900 SH SOLE                      76,900
PLACER DOME INC                   COM        725906101     1,306     102,100 SH SOLE                     102,100
PNC FINANCIAL SVCS GROUP INC      COM        693475105     5,153      90,000 SH SOLE                      90,000
POLYCOM INC                       COM        73172K104     5,137     210,777 SH SOLE                     210,777
POWER-ONE INC                     COM        739308104       151      24,500 SH SOLE                      24,500
PPG INDS INC                      COM        693506107     2,396      52,372 SH SOLE                      52,372
PPL CORP                          COM        69351T106     1,483      45,500 SH SOLE                      45,500
PRAXAIR INC                       COM        74005P104     2,103      50,078 SH SOLE                      50,078
PRICE T ROWE GROUP INC            COM        74144T108     1,122      38,300 SH SOLE                      38,300
PROCTER & GAMBLE CO               COM        742718109    29,370     403,490 SH SOLE                     403,490
PROGRESS ENERGY INC               COM        743263105     2,768      64,376 SH SOLE                      64,376
PROGRESSIVE CORP OHIO             COM        743315103     3,093      23,100 SH SOLE                      23,100
PROVIDIAN FINL CORP               COM        74406A102     1,793      89,000 SH SOLE                      89,000
PUBLIC SVC ENTERPRISE GROUP       COM        744573106     2,759      64,844 SH SOLE                      64,844
PULTE HOMES INC                   COM        745867101       414      13,500 SH SOLE                      13,500
QLOGIC CORP                       COM        747277101     1,947     102,450 SH SOLE                     102,450
QUALCOMM INC                      COM        747525103    11,215     235,900 SH SOLE                     235,900
QUINTILES TRANSNATIONAL CORP      COM        748767100       530      36,300 SH SOLE                      36,300

                FAIR MARKET VALUE                        251,424


QWEST COMMUNICATIONS INTL INC     COM        749121109     8,642     517,487 SH SOLE                     517,487
RADIOSHACK CORP                   COM        750438103     1,402      57,800 SH SOLE                      57,800
RADISYS CORPORATION               COM        750459109    14,826   1,235,511 SH SOLE                   1,235,511
RALSTON PURINA CO                 COM        751277302     3,165      96,500 SH SOLE                      96,500
RAYTHEON CO                       COM NEW    755111507     3,849     110,756 SH SOLE                     110,756
RED HAT SOFTWARE INC              COM        756577102     2,114     603,878 SH SOLE                     603,878
REEBOK INTL LTD                   COM        758110100       379      18,300 SH SOLE                      18,300
REGIONS FINL CORP                 COM        758940100     2,043      70,800 SH SOLE                      70,800
RELIANT ENERGY INC                COM        75952J108     2,438      92,645 SH SOLE                      92,645
RIVERSTONE NETWORKS INC           COM        769320102       148      28,272 SH SOLE                      28,272
ROBERT HALF INTL INC              COM        770323103     1,095      54,700 SH SOLE                      54,700
ROCKWELL COLLINS INC              COM        774341101       808      56,900 SH SOLE                      56,900
ROCKWELL INTL CORP NEW            NEW COM    773903109       835      56,900 SH SOLE                      56,900

ROGUE WAVE SOFTWARE INC           COM        775369101        23       9,201 SH OTHER                                9,201

ROHM & HAAS CO                    COM        775371107     2,247      68,605 SH SOLE                      68,605
ROWAN COS INC                     COM        779382100       364      29,400 SH SOLE                      29,400
ROYAL DUTCH PETE CO               NY REG     780257804    33,573     668,120 SH SOLE                     668,120
                                 GLD 1.25
RYDER SYS INC                     COM        783549108       376      18,800 SH SOLE                      18,800
SABRE HLDGS CORP                  CL A       785905100     1,106      41,363 SH SOLE                      41,363
SAFECO CORP                       COM        786429100     1,204      39,700 SH SOLE                      39,700
SAFEWAY INC                       COM NEW    786514208     6,252     157,400 SH SOLE                     157,400
SANMINA CORP                      COM        800907107     1,353      99,600 SH SOLE                      99,600
SAPIENT CORP                      COM        803062108       147      38,300 SH SOLE                      38,300
SARA LEE CORP                     COM        803111103     5,219     245,000 SH SOLE                     245,000
SBC COMMUNICATIONS INC            COM        78387G103    49,441   1,049,256 SH SOLE                   1,049,256
SCHERING PLOUGH CORP              COM        806605101    16,912     455,840 SH SOLE                     455,840
SCHLUMBERGER LTD                  COM        806857108     8,162     178,600 SH SOLE                     178,600
SCHWAB CHARLES CORP NEW           COM        808513105     4,965     431,750 SH SOLE                     431,750
SCIENTIFIC ATLANTA INC            COM        808655104       890      50,700 SH SOLE                      50,700
SEALED AIR CORP                   NEW COM    81211K100       951      26,062 SH SOLE                      26,062
SEARS ROEBUCK & CO                COM        812387108     3,544     102,300 SH SOLE                     102,300
SELECTICA INC                     COM        816288104       190      79,227 SH SOLE                      79,227
SELECTICA INC                     COM        816288104       100      41,989 SH OTHER             1                41,989

                FAIR MARKET VALUE                        178,763



SELECTICA INC                     COM        816288104        38      15,844 SH OTHER             2                15,844
SELECTICA INC                     COM        816288104       114      47,533 SH OTHER*                              47,533
SEMPRA ENERGY                     COM        816851109     1,588      64,172 SH SOLE                      64,172
SHARPER IMAGE CORP                COM        820013100       122      13,282 SH SOLE                      13,282
SHERWIN WILLIAMS CO               COM        824348106     1,084      48,800 SH SOLE                      48,800
SIEBEL SYS INC                    COM        826170102     1,837     141,200 SH SOLE                     141,200
SIGMA ALDRICH CORP                COM        826552101     1,062      23,500 SH SOLE                      23,500
SIGNALSOFT CORP                   COM        82668M102     1,492     379,757 SH SOLE                     379,757
SIMPLEX SOLUTIONS INC             COM        828854109     9,408     622,222 SH SOLE                     622,222
SNAP ON INC                       COM        833034101       402      18,000 SH SOLE                      18,000
SOLECTRON CORP                    COM        834182107     2,371     203,500 SH SOLE                     203,500
SOUTHERN CO                       COM        842587107     5,117     213,400 SH SOLE                     213,400
SOUTHTRUST CORP                   COM        844730101     2,702     106,100 SH SOLE                     106,100
SOUTHWEST AIRLS CO                COM        844741108     3,520     237,214 SH SOLE                     237,214
SPEECHWORKS INTL INC              COM        84764M101       378      76,617 SH DEFINED                             76,617
SPRINT CORP (FON GROUP)           COM FON    852061100     6,629     276,096 SH SOLE                     276,096
                                 GROUP
SPRINT CORP                       PCS COM    852061506     7,673     291,848 SH SOLE                     291,848
                                 SER 1
ST JUDE MED INC                   COM        790849103     1,827      26,688 SH SOLE                      26,688
ST PAUL COS INC                   COM        792860108     2,755      66,846 SH SOLE                      66,846
STANDARD MICROSYSTEMS CORP        COM        853626109    14,469   1,542,506 SH SOLE                   1,542,506
STANLEY WKS                       COM        854616109       970      26,540 SH SOLE                      26,540
STAPLES INC                       COM        855030102     1,895     142,250 SH SOLE                     142,250
STARBUCKS CORP                    COM        855244109     1,760     118,500 SH SOLE                     118,500
STARWOOD HOTELS & RESORTS WRLDWD  PAIRED     85590A203     1,360      61,800 SH SOLE                      61,800
                                 CTF
STATE STR CORP                    COM        857477103     4,614     101,400 SH SOLE                     101,400
STILWELL FINL INC                 COM        860831106     1,334      68,400 SH SOLE                      68,400
STRYKER CORP                      COM        863667101     3,232      61,100 SH SOLE                      61,100
SUN MICROSYSTEMS INC              COM        866810104     8,390   1,014,564 SH SOLE                   1,014,564
SUNOCO INC                        COM        86764P109       931      26,145 SH SOLE                      26,145
SUNTRUST BKS INC                  COM        867914103     6,057      90,950 SH SOLE                      90,950
SUPERVALU INC                     COM        868536103       833      41,200 SH SOLE                      41,200
SYMBOL TECHNOLOGIES INC           COM        871508107    34,089   3,249,701 SH SOLE                   3,249,701

                FAIR MARKET VALUE                        130,053


SYNOVUS FINL CORP                 COM        87161C105     2,495      90,400 SH SOLE                      90,400
SYSCO CORP                        COM        871829107     5,353     209,600 SH SOLE                     209,600
TARGET CORP                       COM        87612E106     8,896     280,100 SH SOLE                     280,100
TEKTRONIX INC                     COM        879131100       511      29,234 SH SOLE                      29,234
TELLABS INC                       COM        879664100     1,260     127,500 SH SOLE                     127,500
TEMPLE INLAND INC                 COM        879868107       731      15,400 SH SOLE                      15,400
TENET HEALTHCARE CORP             COM        88033G100     6,022     100,957 SH SOLE                     100,957
TERADYNE INC                      COM        880770102     1,061      54,400 SH SOLE                      54,400
TERAYON COMMUNICATION SYS         COM        880775101       583      81,729 SH DEFINED                             81,729
TEXACO INC                        COM        881694103    11,154     171,600 SH SOLE                     171,600
TEXAS INSTRS INC                  COM        882508104    15,970     639,314 SH SOLE                     639,314
TEXTRON INC                       COM        883203101     1,475      43,900 SH SOLE                      43,900
THERMO ELECTRON CORP              COM        883556102     1,020      56,500 SH SOLE                      56,500
THOMAS & BETTS CORP               COM        884315102       318      18,200 SH SOLE                      18,200
TIFFANY & CO NEW                  COM        886547108       985      45,500 SH SOLE                      45,500
TIMKEN CO                         COM        887389104       238      17,400 SH SOLE                      17,400
TJX COS INC NEW                   COM        872540109     2,872      87,300 SH SOLE                      87,300
TMP WORLDWIDE INC                 COM        872941109       943      33,200 SH SOLE                      33,200
TORCHMARK CORP                    COM        891027104     1,525      39,100 SH SOLE                      39,100
TOYS R US INC                     COM        892335100     1,060      61,500 SH SOLE                      61,500
TRANSOCEAN SEDCO FOREX INC        ORD        G90078109     2,616      99,086 SH SOLE                      99,086
TRIBUNE CO NEW                    COM        896047107     2,919      92,973 SH SOLE                      92,973
TRICON GLOBAL RESTAURANTS INC     COM        895953107     1,794      45,732 SH SOLE                      45,732
TRW INC                           COM        872649108     1,160      38,900 SH SOLE                      38,900
TUPPERWARE CORP                   COM        899896104       362      18,150 SH SOLE                      18,150
TXU CORP                          COM        873168108     3,711      80,117 SH SOLE                      80,117
TYCO INTL LTD NEW                 NEW COM    902124106    27,453     603,365 SH SOLE                     603,365
UNILEVER N V                      NY SHS     904784709     9,618     178,039 SH SOLE                     178,039
                                 NEW
UNION PAC CORP                    COM        907818108     3,621      77,200 SH SOLE                      77,200
UNION PLANTERS CORP               COM        908068109     1,832      42,700 SH SOLE                      42,700
UNISYS CORP                       COM        909214108       855      98,700 SH SOLE                      98,700
UNITEDHEALTH GROUP INC            COM        91324P102     6,570      98,796 SH SOLE                      98,796
UNITED TECHNOLOGIES CORP          COM        913017109     6,822     146,700 SH SOLE                     146,700
UNIVISION COMMUNICATIONS INC      CL A       914906102     1,489      64,900 SH SOLE                      64,900

                FAIR MARKET VALUE                        135,294


UNOCAL CORP                       COM        915289102     2,464      75,800 SH SOLE                      75,800
UNUMPROVIDENT CORP                COM        91529Y106     1,898      75,176 SH SOLE                      75,176
US AIRWAYS GROUP INC              COM        911905107        97      20,900 SH SOLE                      20,900
US BANCORP DEL                    COM NEW    902973304    13,168     593,679 SH SOLE                     593,679
USA ED INC                        COM        90390U102     4,204      50,700 SH SOLE                      50,700
UST INC                           COM        902911106     1,690      50,893 SH SOLE                      50,893
USX MARATHON GROUP                COM NEW    902905827     2,571      96,100 SH SOLE                      96,100
USX-U S STL                       COM        90337T101       387      27,700 SH SOLE                      27,700
V F CORP                          COM        918204108     1,019      34,800 SH SOLE                      34,800
VERITAS SOFTWARE CO               COM        923436109     2,283     123,780 SH SOLE                     123,780
VERIZON COMMUNICATIONS            COM        92343V104    45,593     842,603 SH SOLE                     842,603
VIACOM INC                        CL B       925524308    19,136     554,670 SH SOLE                     554,670
VISTEON CORP                      COM        92839U107       520      40,808 SH SOLE                      40,808
VITESSE SEMICONDUCTOR CORP        COM        928497106       442      57,000 SH SOLE                      57,000
VULCAN MATLS CO                   COM        929160109     1,361      31,500 SH SOLE                      31,500
WACHOVIA CORP 2ND NEW             COM        929903102    13,544     436,906 SH SOLE                     436,906
WAL MART STORES INC               COM        931142103    68,952   1,392,966 SH SOLE                   1,392,966
WALGREEN CO                       COM        931422109    10,918     317,100 SH SOLE                     317,100
WASHINGTON MUTUAL INC             COM        939322103    10,522     273,434 SH SOLE                     273,434
WASTE MGMT INC DEL                COM        94106L109     5,211     194,871 SH SOLE                     194,871
WATSON PHARMACEUTICALS INC        COM        942683103     1,805      33,000 SH SOLE                      33,000
WELLPOINT HEALTH NETWORK INC NEW  COM        94973H108     2,161      19,800 SH SOLE                      19,800
WELLS FARGO & CO                  COM        949746101    23,766     534,674 SH SOLE                     534,674
WENDYS INTL INC                   COM        950590109       946      35,485 SH SOLE                      35,485
WESTVACO CORP                     COM        961548104       806      31,350 SH SOLE                      31,350
WEYERHAEUSER CO                   COM        962166104     3,267      67,070 SH SOLE                      67,070
WHIRLPOOL CORP                    COM        963320106     1,151      20,800 SH SOLE                      20,800
WILLAMETTE INDS INC               COM        969133107     1,539      34,200 SH SOLE                      34,200
WILLIAMS COMMUNICATIONS GROUP     CL A       969455104    10,733   9,096,093 SH SOLE                   9,096,093
WILLIAMS COS INC                  COM        969457100     4,136     151,492 SH SOLE                     151,492
WIND RIVER SYSTEMS INC            COM        973149107       134      12,807 SH SOLE                      12,807
WINN DIXIE STORES INC             COM        974280109       500      43,700 SH SOLE                      43,700
WORLDCOM INC GA NEW               COM        98157D106    13,533     899,768 SH SOLE                     899,768
WORTHINGTON INDS INC              COM        981811102       299      26,600 SH SOLE                      26,600
WRIGLEY WM JR CO                  COM        982526105     3,612      70,400 SH SOLE                      70,400

                FAIR MARKET VALUE                        274,368


XCEL ENERGY INC                   COM        98389B100     3,009     106,905 SH SOLE                     106,905
XEROX CORP                        COM        984121103     1,676     216,300 SH SOLE                     216,300
XILINX INC                        COM        983919101     3,595     152,788 SH SOLE                     152,788
YAHOO INC                         COM        984332106     1,557     176,700 SH SOLE                     176,700
ZIMMER HLDGS INC                  COM        98956P102     1,681      60,588 SH SOLE                      60,588
ZIONS BANCORPORATION              COM        989701107     1,535      28,600 SH SOLE                      28,600

                FAIR MARKET VALUE                         13,053

  FAIR MARKET VALUE REPORT TOTAL:                      3,082,415