UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2002
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 form.
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 May 13, 2002
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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 617
Form13F Information Table Value Total: $3,165,697 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 filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP COMMON 885535104 134 22000 SH DEFINED 0 22000 0
3M CO COMMON 88579Y101 690 6000 SH DEFINED 0 6000 0
99 CENTS ONLY STORES COMMON 65440K106 1664 43400 SH DEFINED 0 43400 0
AAIPHARMA INC COMMON 00252W104 201 5600 SH DEFINED 0 5600 0
ABBOTT LABS COMMON 002824100 5754 109400 SH DEFINED 0 109000 400
ABERCROMBIE & FITCH CO CL A 002896207 19370 628900 SH DEFINED 0 628900 0
ACE LTD ORD G0070K103 4337 104000 SH DEFINED 0 104000 0
ACTION PERFORMANCE COS I COMMON 004933107 837 17000 SH DEFINED 0 17000 0
ACTIVISION INC NEW COM NEW 004930202 2653 88950 SH DEFINED 0 88950 0
ADELPHIA COMMUNICATIONS PFD CV SER D 006848402 355 5000 SH DEFINED 0 5000 0
ADOBE SYS INC COMMON 00724F101 11724 291000 SH DEFINED 0 291000 0
ADVANCED AUTO PARTS INC COMMON 00751Y106 405 8800 SH DEFINED 0 8800 0
AES CORP SDCV 4.500 8/1 00130HAN5 156 250000 PRN DEFINED 0 250000 0
AFFILIATED COMPUTER SERV NOTE 3.500 2/1 008190AF7 358 250000 PRN DEFINED 0 250000 0
AFFILIATED COMPUTER SERV CL A 008190100 11787 210000 SH DEFINED 0 210000 0
AFFYMETRIX INC NOTE 5.000 10/0 00826TAA6 220 250000 PRN DEFINED 0 250000 0
AGCO CORP COMMON 001084102 1643 72000 SH DEFINED 0 72000 0
AIRGAS INC COMMON 009363102 1367 68000 SH DEFINED 0 68000 0
AKAMAI TECHNOLOGIES INC NOTE 5.500 7/0 00971TAA9 1131 2250000 PRN DEFINED 0 2250000 0
ALBANY INTL CORP CL A 012348108 445 14700 SH DEFINED 0 14700 0
ALLEGHENY ENERGY INC COMMON 017361106 4189 101300 SH DEFINED 0 101300 0
ALLERGAN INC COMMON 018490102 13835 214000 SH DEFINED 0 214000 0
ALLIANCE GAMING CORP COM NEW 01859P609 916 30000 SH DEFINED 0 30000 0
ALLIANT ENERGY CORP COMMON 018802108 453 15000 SH DEFINED 0 15000 0
ALLIANT TECHSYSTEMS INC COMMON 018804104 4490 44025 SH DEFINED 0 44025 0
ALZA CORP SDCV 0. 07/2 02261WAA7 1703 1900000 PRN DEFINED 0 1900000 0
AMERICA FIRST MTG INVTS COMMON 023934102 152 17000 SH DEFINED 0 17000 0
AMERICAN AXLE & MFG HLDG COMMON 024061103 17299 596500 SH DEFINED 0 596200 300
AMERICAN EAGLE OUTFITTER COMMON 02553E106 12997 524700 SH DEFINED 0 517700 7000
AMERICAN INTL GROUP INC DBCV 11/0 026874AP2 777 1300000 PRN DEFINED 0 1300000 0
AMERICAN INTL GROUP INC COMMON 026874107 54122 750241 SH DEFINED 0 746546 3695
AMERICAN MED SYS HLDGS I COMMON 02744M108 315 14000 SH DEFINED 0 14000 0
AMERICAN STD COS INC DEL COMMON 029712106 5731 81000 SH DEFINED 0 81000 0
AMERICAN WOODMARK CORP COMMON 030506109 492 7800 SH DEFINED 0 7800 0
AMERISOURCE HEALTH CORP NOTE 5.000 12/0 03071PAB8 369 250000 PRN DEFINED 0 250000 0
AMERISOURCEBERGEN CORP COMMON 03073E105 4713 69000 SH DEFINED 0 69000 0
AMERISTAR CASINOS INC COMMON 03070Q101 415 15100 SH DEFINED 0 15100 0
AMETEK INC NEW COMMON 031100100 1172 31500 SH DEFINED 0 31500 0
AMGEN INC COMMON 031162100 23597 395400 SH DEFINED 0 394900 500
ANADARKO SDCV 0. 03/2 032511AP2 695 1000000 PRN DEFINED 0 1000000 0
ANHEUSER BUSCH COS INC COMMON 035229103 1618 31000 SH DEFINED 0 31000 0
ANNTAYLOR STORES CORP SDCV .550 6/1 036115AA1 650 1000000 PRN DEFINED 0 1000000 0
ANNTAYLOR STORES CORP COMMON 036115103 20465 473500 SH DEFINED 0 473500 0
ANSYS INC COMMON 03662Q105 1165 43000 SH DEFINED 0 43000 0
ANTHEM INC COMMON 03674B104 576 10000 SH DEFINED 0 10000 0
AOL TIME WARNER INC COMMON 00184A105 17415 736350 SH DEFINED 0 734550 1800
APOGEE ENTERPRISES INC COMMON 037598109 390 32000 SH DEFINED 0 32000 0
APOLLO GROUP INC CL A 037604105 7607 142050 SH DEFINED 0 142050 0
APPLEBEES INTL INC COMMON 037899101 1405 38700 SH DEFINED 0 38700 0
APPLIED FILMS CORP COMMON 038197109 258 10500 SH DEFINED 0 10500 0
ARGOSY GAMING CO COMMON 040228108 2715 74000 SH DEFINED 0 74000 0
ARROW ELECTRONICS SDCV 0. 01/2 042735AY6 514 1100000 PRN DEFINED 0 1100000 0
ARVINMERITOR INC COMMON 043353101 1256 44000 SH DEFINED 0 44000 0
ASM LITHOGRAPHY SDCV 5.750 10/2 00208PAA2 395 250000 PRN DEFINED 0 250000 0
ASM LITHOGRAPHY HOLDING NOTE 4.250 11/3 00207EAB6 487 500000 PRN DEFINED 0 500000 0
AT HOME CORP NOTE 4.750 12/1 045919AD9 118 500000 PRN DEFINED 0 500000 0
AT&T WIRELESS SVCS INC COMMON 00209A106 403 45000 SH DEFINED 0 45000 0
AUTOZONE INC COMMON 053332102 4682 68000 SH DEFINED 0 68000 0
AZTAR CORP COMMON 054802103 1003 45800 SH DEFINED 0 45800 0
BALL CORP COMMON 058498106 661 14000 SH DEFINED 0 14000 0
BANK HAWAII CORP COMMON 062540109 782 30000 SH DEFINED 0 30000 0
BANKATLANTIC BANCORP CL A 065908501 143 11000 SH DEFINED 0 11000 0
BANKNORTH GROUP INC NEW COMMON 06646R107 3900 148000 SH DEFINED 0 148000 0
BARR LABS INC COMMON 068306109 2040 31000 SH DEFINED 0 31000 0
BARRA INC COMMON 068313105 1272 21000 SH DEFINED 0 21000 0
BAXTER INTL INC COMMON 071813109 2321 39000 SH DEFINED 0 39000 0
BB&T CORP COMMON 054937107 15633 410200 SH DEFINED 0 410200 0
BEA SYS INC NOTE 4.000 12/1 073325AC6 417 500000 PRN DEFINED 0 500000 0
BECKMAN COULTER INC COMMON 075811109 5066 99200 SH DEFINED 0 99200 0
BED BATH & BEYOND INC COMMON 075896100 44688 1324100 SH DEFINED 0 1313200 10900
BELL ATLANTIC CONV BOND 144A 07785GAC4 1001 1000000 PRN DEFINED 0 1000000 0
BELO CORP COM SER A 080555105 958 41200 SH DEFINED 0 41200 0
BEMIS INC COMMON 081437105 3304 60800 SH DEFINED 0 60800 0
BERKLEY W R CORP COMMON 084423102 1437 25000 SH DEFINED 0 25000 0
BEST BUY INC COMMON 086516101 23946 302350 SH DEFINED 0 296400 5950
BIOGEN INC COMMON 090597105 8595 175200 SH DEFINED 0 174600 600
BIOMET INC COMMON 090613100 23778 878725 SH DEFINED 0 870050 8675
BIOVAIL CORP COMMON 09067J109 24063 481450 SH DEFINED 0 476800 4650
BISYS GROUP INC COMMON 055472104 9327 264600 SH DEFINED 0 264600 0
BJ SVCS CO COMMON 055482103 12619 366100 SH DEFINED 0 366100 0
BJS WHOLESALE CLUB INC COMMON 05548J106 3759 84100 SH DEFINED 0 83000 1100
BLACK & DECKER CORP COMMON 091797100 465 10000 SH DEFINED 0 10000 0
BLOCK H & R INC COMMON 093671105 14980 337000 SH DEFINED 0 337000 0
BLOCKBUSTER INC CL A 093679108 3168 135000 SH DEFINED 0 135000 0
BOB EVANS FARMS INC COMMON 096761101 720 25500 SH DEFINED 0 25500 0
BOISE CASCADE CV PFD $7.500 097383855 556 10000 SH DEFINED 0 10000 0
BORDERS GROUP INC COMMON 099709107 1124 47000 SH DEFINED 0 47000 0
BORG WARNER INC COMMON 099724106 944 15000 SH DEFINED 0 15000 0
BORLAND SOFTWARE CORP COMMON 099849101 130 10000 SH DEFINED 0 10000 0
BOYD GAMING CORP COMMON 103304101 226 15000 SH DEFINED 0 15000 0
BRINKER INTL INC COMMON 109641100 9627 297050 SH DEFINED 0 297050 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 1470 36300 SH DEFINED 0 36300 0
BROOKS AUTOMATION INC NOTE 4.750 6/0 11434AAB6 474 500000 PRN DEFINED 0 500000 0
BURR BROWN CORP NOTE 4.250 2/1 122574AD8 272 250000 PRN DEFINED 0 250000 0
CANADIAN NATL RY CO COMMON 136375102 799 16000 SH DEFINED 0 16000 0
CANADIAN PAC RY LTD COMMON 13645T100 1740 81250 SH DEFINED 0 81250 0
CAPITAL AUTOMOTIVE REIT COM SH BEN INT 139733109 414 18000 SH DEFINED 0 18000 0
CAPITAL ONE FINL CORP COMMON 14040H105 13907 217800 SH DEFINED 0 216800 1000
CARDINAL HEALTH INC COMMON 14149Y108 17361 244900 SH DEFINED 0 239650 5250
CAREER EDUCATION CORP COMMON 141665109 3406 86000 SH DEFINED 0 86000 0
CAREMARK RX INC COMMON 141705103 3432 176000 SH DEFINED 0 176000 0
CBRL GROUP INC COMMON 12489V106 3388 119000 SH DEFINED 0 119000 0
CEC ENTMT INC COMMON 125137109 1155 25000 SH DEFINED 0 25000 0
CELL THERAPEUTICS INC NOTE 5.750 6/1 150934AA5 288 300000 PRN DEFINED 0 300000 0
CENDANT CORP COMMON 151313103 5818 303000 SH DEFINED 0 303000 0
CENDANT CORP DEBT 2/1 151313AF0 501 700000 PRN DEFINED 0 700000 0
CENTEX CORP COMMON 152312104 8654 166650 SH DEFINED 0 163100 3550
CEPHALON INC COMMON 156708109 15467 245500 SH DEFINED 0 245500 0
CERNER CORP COMMON 156782104 6155 129000 SH DEFINED 0 129000 0
CERTEGY INC COMMON 156880106 881 22200 SH DEFINED 0 22200 0
CHARMING SHOPPES INC COMMON 161133103 150 19000 SH DEFINED 0 19000 0
CHARTER COMMUNICATIONS I NOTE 5.750 10/1 16117MAB3 305 350000 PRN DEFINED 0 350000 0
CHARTER ONE FINL INC COMMON 160903100 6425 205800 SH DEFINED 0 205800 0
CHEESECAKE FACTORY INC COMMON 163072101 15730 426300 SH DEFINED 0 426300 0
CHELSEA PPTY GROUP INC COMMON 163421100 984 18200 SH DEFINED 0 18200 0
CHEVRONTEXACO CORP COMMON 166764100 1354 15000 SH DEFINED 0 15000 0
CHICOS FAS INC COMMON 168615102 5510 163500 SH DEFINED 0 163500 0
CHOICEPOINT INC COMMON 170388102 3398 59000 SH DEFINED 0 59000 0
CHORDIANT SOFTWARE INC COMMON 170404107 131 18000 SH DEFINED 0 18000 0
CHRISTOPHER & BANKS CORP COMMON 171046105 1986 60450 SH DEFINED 0 60450 0
CIENA CORP NOTE 3.750 2/0 171779AA9 321 500000 PRN DEFINED 0 500000 0
CINERGY CORP COMMON 172474108 358 10000 SH DEFINED 0 10000 0
CIRCUIT CITY STORE INC CARMAX GROUP 172737306 2095 81000 SH DEFINED 0 81000 0
CITIGROUP INC COMMON 172967101 90255 1822598 SH DEFINED 0 1816298 6300
CITY NATL CORP COMMON 178566105 1699 32300 SH DEFINED 0 32300 0
CKE RESTAURANTS INC COMMON 12561E105 591 66000 SH DEFINED 0 66000 0
CLARUS CORP COMMON 182707109 53 14000 SH DEFINED 0 14000 0
CLOROX CO DEL COMMON 189054109 960 22000 SH DEFINED 0 22000 0
COACH INC COMMON 189754104 989 19500 SH DEFINED 0 19500 0
COGNOS INC COMMON 19244C109 769 28000 SH DEFINED 0 28000 0
COINSTAR INC COMMON 19259P300 313 9300 SH DEFINED 0 9300 0
COLGATE PALMOLIVE CO COMMON 194162103 15996 279900 SH DEFINED 0 276000 3900
COLONIAL BANCGROUP INC COMMON 195493309 283 19000 SH DEFINED 0 19000 0
COMMERCE BANCORP INC NJ COMMON 200519106 12819 285500 SH DEFINED 0 276400 9100
COMMERCE BANCSHARES INC COMMON 200525103 1225 27700 SH DEFINED 0 27700 0
COMMUNITY HEALTH SYS INC NOTE 4.250 10/1 203668AA6 235 250000 PRN DEFINED 0 250000 0
COMPASS BANCSHARES INC COMMON 20449H109 1605 52000 SH DEFINED 0 52000 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 228 18000 SH DEFINED 0 18000 0
CONCORD EFS INC COMMON 206197105 16073 483400 SH DEFINED 0 483400 0
CONSTELLATION BRANDS INC CL A 21036P108 5551 101000 SH DEFINED 0 100600 400
COOPER COS INC COM NEW 216648402 853 18000 SH DEFINED 0 18000 0
COORS ADOLPH CO CL B 217016104 675 10000 SH DEFINED 0 10000 0
CORINTHIAN COLLEGES INC COMMON 218868107 1537 30400 SH DEFINED 0 30400 0
CORNING INC DBCV 11/0 219350AJ4 513 1000000 PRN DEFINED 0 1000000 0
COSTCO COMPANIES INC NOTE 8/1 22160QAC6 276 300000 PRN DEFINED 0 300000 0
COSTCO WHSL CORP NEW COMMON 22160K105 18827 472800 SH DEFINED 0 470000 2800
COX RADIO INC CL A 224051102 284 10000 SH DEFINED 0 10000 0
CSX CORP COMMON 126408103 12149 318800 SH DEFINED 0 316000 2800
CSX CORP DBCV 10/3 126408GA5 509 600000 PRN DEFINED 0 600000 0
CUMULUS MEDIA INC CL A 231082108 277 15500 SH DEFINED 0 15500 0
CV THERAPEUTICS INC COMMON 126667104 1991 55000 SH DEFINED 0 55000 0
CV THERAPEUTICS INC NOTE 4.750 3/0 126667AB0 410 500000 PRN DEFINED 0 500000 0
CYMER INC COMMON 232572107 844 17000 SH DEFINED 0 17000 0
CYTYC CORP COMMON 232946103 5276 196000 SH DEFINED 0 196000 0
DANAHER CORP DEL COMMON 235851102 4687 66000 SH DEFINED 0 66000 0
DARDEN RESTAURANTS INC COMMON 237194105 16327 402250 SH DEFINED 0 399100 3150
DAVITA INC COMMON 23918K108 1796 71000 SH DEFINED 0 71000 0
DEAN FOODS CO NEW COMMON 242370104 3460 45701 SH DEFINED 0 45701 0
DELIAS CORP CL A 24688Q101 115 18000 SH DEFINED 0 18000 0
DELL COMPUTER CORP COMMON 247025109 12791 489900 SH DEFINED 0 482700 7200
DELPHI CORP COMMON 247126105 160 10000 SH DEFINED 0 10000 0
DELUXE CORP COMMON 248019101 3895 84200 SH DEFINED 0 84200 0
DENTSPLY INTL INC NEW COMMON 249030107 2446 66000 SH DEFINED 0 66000 0
DIAL CORP NEW COMMON 25247D101 541 30000 SH DEFINED 0 30000 0
DIANON SYS INC COMMON 252826102 1343 20700 SH DEFINED 0 20700 0
DIGITAL INSIGHT CORP COMMON 25385P106 386 14000 SH DEFINED 0 14000 0
DIRECT FOCUS INC COMMON 254931108 1218 32000 SH DEFINED 0 32000 0
DOLLAR TREE STORES INC COMMON 256747106 1129 34400 SH DEFINED 0 34400 0
DOMINION RESOURCES CV PFD $9.500 25746U208 614 10000 SH DEFINED 0 10000 0
DONALDSON INC COMMON 257651109 1126 28000 SH DEFINED 0 28000 0
DOUBLECLICK INC NOTE 4.750 3/1 258609AA4 418 500000 PRN DEFINED 0 500000 0
DRS TECHNOLOGIES INC COMMON 23330X100 1065 25700 SH DEFINED 0 25700 0
DST SYS INC DEL COMMON 233326107 1992 40000 SH DEFINED 0 40000 0
DURA AUTOMOTIVE SYSTEMS CL A 265903104 192 10000 SH DEFINED 0 10000 0
DYNAMICS RESH CORP COMMON 268057106 212 8400 SH DEFINED 0 8400 0
EBAY INC COMMON 278642103 11540 203750 SH DEFINED 0 200800 2950
ECHOSTAR COMMUNICATIONS CL A 278762109 3342 118000 SH DEFINED 0 118000 0
ECHOSTAR COMMUNICATIONS NOTE 4.875 1/0 278762AB5 903 1000000 PRN DEFINED 0 1000000 0
EDUCATION MGMT CORP COMMON 28139T101 19883 471500 SH DEFINED 0 461000 10500
EL PASO SDCV 0. 02/2 28336LAA7 419 1000000 PRN DEFINED 0 1000000 0
EL PASO CORP COMMON 28336L109 10294 233800 SH DEFINED 0 233600 200
ELECTRONIC ARTS INC COMMON 285512109 8096 133150 SH DEFINED 0 130000 3150
ELECTRONICS BOUTIQUE HLD COMMON 286045109 421 12200 SH DEFINED 0 12200 0
EMCOR GROUP INC COMMON 29084Q100 1740 30000 SH DEFINED 0 30000 0
ENBRIDGE ENERGY PARTNERS COMMON 29250R106 310 7000 SH DEFINED 0 7000 0
ENTEGRIS INC COMMON 29362U104 202 12500 SH DEFINED 0 12500 0
ENTERCOM COMMUNICATIONS CL A 293639100 384 7000 SH DEFINED 0 7000 0
ENTRAVISION COMMUNICATIO CL A 29382R107 148 10000 SH DEFINED 0 10000 0
EQUIFAX INC COMMON 294429105 2736 91500 SH DEFINED 0 91500 0
EQUITY SECS TR I EQ TR SECS CVC 29477R103 863 25000 SH DEFINED 0 25000 0
ESS TECHNOLOGY INC COMMON 269151106 1078 52000 SH DEFINED 0 52000 0
EUNIVERSE INC COMMON 298412107 94 18000 SH DEFINED 0 18000 0
EVEREST RE GROUP LTD COMMON G3223R108 5963 86000 SH DEFINED 0 86000 0
EVI INC SUB DBCV 5% 268939402 304 6000 SH DEFINED 0 6000 0
EXPRESS SCRIPTS SDCV 7.000 11/1 302181201 505 5000 PRN DEFINED 0 5000 0
EXPRESS SCRIPTS INC COMMON 302182100 3801 66000 SH DEFINED 0 66000 0
EXXON MOBIL CORP COMMON 30231G102 1315 30000 SH DEFINED 0 30000 0
FAIR ISAAC & CO INC COMMON 303250104 4786 75500 SH DEFINED 0 75500 0
FAMILY DLR STORES INC COMMON 307000109 4313 128700 SH DEFINED 0 126000 2700
FEDERAL HOME LN MTG CORP COMMON 313400301 29074 458800 SH DEFINED 0 454600 4200
FEDERAL NATL MTG ASSN COMMON 313586109 38179 477950 SH DEFINED 0 475700 2250
FEDEX CORP COMMON 31428X106 2673 46000 SH DEFINED 0 46000 0
FEI CO NOTE 5.500 8/1 30241LAB5 309 300000 PRN DEFINED 0 300000 0
FEI CO COMMON 30241L109 427 12000 SH DEFINED 0 12000 0
FIDELITY NATL FINL INC COMMON 316326107 1150 43600 SH DEFINED 0 43600 0
FIFTH THIRD BANCORP COMMON 316773100 53407 791447 SH DEFINED 0 790347 1100
FIRST DATA CORP COMMON 319963104 13262 152000 SH DEFINED 0 152000 0
FIRST HEALTH GROUP CORP COMMON 320960107 1689 70000 SH DEFINED 0 70000 0
FIRST HORIZON PHARMACEUT COMMON 32051K106 827 37000 SH DEFINED 0 37000 0
FIRST MIDWEST BANCORP DE COMMON 320867104 951 32750 SH DEFINED 0 32750 0
FISERV INC COMMON 337738108 32930 716025 SH DEFINED 0 716025 0
FISHER SCIENTIFIC INTL I COM NEW 338032204 13696 487400 SH DEFINED 0 487400 0
FLEMING COS INC COMMON 339130106 2744 122500 SH DEFINED 0 122500 0
FLEMING COS INC NOTE 5.250 3/1 339130AR7 963 1000000 PRN DEFINED 0 1000000 0
FLEXTRONICS INTL LTD ORD Y2573F102 7364 403500 SH DEFINED 0 402300 1200
FLIR SYS INC COMMON 302445101 1447 30300 SH DEFINED 0 30300 0
FOOT LOCKER INC COMMON 344849104 2810 173700 SH DEFINED 0 173700 0
FOREST LABS INC COMMON 345838106 21242 260000 SH DEFINED 0 260000 0
FOSTER WHEELER LTD NOTE 6.500 6/0 35024PAA0 187 500000 PRN DEFINED 0 500000 0
FREDS INC CL A 356108100 230 6375 SH DEFINED 0 6375 0
FREEMARKETS INC COMMON 356602102 689 30000 SH DEFINED 0 30000 0
FRESH DEL MONTE PRODUCE ORD G36738105 733 39000 SH DEFINED 0 39000 0
FTI CONSULTING INC COMMON 302941109 279 9000 SH DEFINED 0 9000 0
FURNITURE BRANDS INTL IN COMMON 360921100 991 27200 SH DEFINED 0 27200 0
GARMIN LTD ORD G37260109 722 31500 SH DEFINED 0 31500 0
GEMSTAR-TV GUIDE INTL IN COMMON 36866W106 2710 183258 SH DEFINED 0 183258 0
GENCORP INC COMMON 368682100 157 10000 SH DEFINED 0 10000 0
GENERAL DYNAMICS CORP COMMON 369550108 35410 376900 SH DEFINED 0 376600 300
GENERAL ELEC CO COMMON 369604103 74132 1979500 SH DEFINED 0 1966400 13100
GENERAL MTRS CORP DEB SR CONV A 370442741 266 10000 SH DEFINED 0 10000 0
GENTIVA HEALTH SERVICES COMMON 37247A102 696 28100 SH DEFINED 0 28100 0
GENUINE PARTS CO COMMON 372460105 993 27000 SH DEFINED 0 27000 0
GENUITY INC CL A 37248E103 17 20000 SH DEFINED 0 20000 0
GENZYME CORP COM GENL DIV 372917104 10874 249000 SH DEFINED 0 248200 800
GETTY IMAGES INC COMMON 374276103 908 30300 SH DEFINED 0 30300 0
GETTY IMAGES INC NOTE 5.000 3/1 374276AD5 443 500000 PRN DEFINED 0 500000 0
GILAT SATELLITE NETWORKS NOTE 4.250 3/1 375255AC0 165 500000 PRN DEFINED 0 500000 0
GILEAD SCIENCES INC COMMON 375558103 864 24000 SH DEFINED 0 24000 0
GILLETTE CO COMMON 375766102 680 20000 SH DEFINED 0 20000 0
GLOBAL IMAGING SYSTEMS COMMON 37934A100 736 40000 SH DEFINED 0 40000 0
GLOBAL PMTS INC COMMON 37940X102 1426 38900 SH DEFINED 0 38900 0
GOLDEN ST BANCORP INC COMMON 381197102 4750 160000 SH DEFINED 0 160000 0
GOLDEN WEST FINL CORP DE COMMON 381317106 10392 163650 SH DEFINED 0 160700 2950
GRANITE CONSTR INC COMMON 387328107 241 9800 SH DEFINED 0 9800 0
GREENPOINT FINL CORP COMMON 395384100 3500 80100 SH DEFINED 0 79500 600
GRIFFON CORP COMMON 398433102 216 12900 SH DEFINED 0 12900 0
GROUPE CGI INC CL A SUB VTG 39945C109 110 18000 SH DEFINED 0 18000 0
GST TELECOMMUNICATIONS I COMMON 361942105 0 17657 SH DEFINED 0 17657 0
GUIDANT CORP COMMON 401698105 6671 154000 SH DEFINED 0 151100 2900
HANDSPRING INC COMMON 410293104 270 58000 SH DEFINED 0 58000 0
HARLEY DAVIDSON INC COMMON 412822108 59973 1087850 SH DEFINED 0 1082200 5650
HARMAN INTL INDS INC COMMON 413086109 1851 37500 SH DEFINED 0 37500 0
HARSCO CORP COMMON 415864107 1108 28300 SH DEFINED 0 28300 0
HARTE-HANKS INC COMMON 416196103 775 24500 SH DEFINED 0 24500 0
HARTFORD FINL SVCS GROUP COMMON 416515104 8896 130600 SH DEFINED 0 130600 0
HCA INC COMMON 404119109 34704 787300 SH DEFINED 0 786700 600
HCC INS HLDGS INC COMMON 404132102 1479 52900 SH DEFINED 0 52900 0
HEADWATERS INC COMMON 42210P102 750 49000 SH DEFINED 0 49000 0
HEALTH MANGEMENT SDCV 0.250 08/1 421933AA0 617 900000 PRN DEFINED 0 900000 0
HEARTLAND EXPRESS INC COMMON 422347104 1223 61278 SH DEFINED 0 61278 0
HERCULES INC COMMON 427056106 466 35000 SH DEFINED 0 35000 0
HERSHEY FOODS CORP COMMON 427866108 3084 45000 SH DEFINED 0 45000 0
HIBERNIA CORP CL A 428656102 1662 87000 SH DEFINED 0 87000 0
HILLENBRAND INDS INC COMMON 431573104 7069 114700 SH DEFINED 0 114700 0
HILTON HOTELS CORP NOTE 5.000 5/1 432848AL3 805 850000 PRN DEFINED 0 850000 0
HOLLYWOOD CASINO CORP CL A 436132203 190 11500 SH DEFINED 0 11500 0
HOLLYWOOD ENTMT CORP COMMON 436141105 218 13000 SH DEFINED 0 13000 0
HOLOGIC INC COMMON 436440101 162 10500 SH DEFINED 0 10500 0
HOME DEPOT INC COMMON 437076102 37158 764403 SH DEFINED 0 760803 3600
HORIZON ORGANIC HOLDING COMMON 44043T103 165 10000 SH DEFINED 0 10000 0
HOT TOPIC INC COMMON 441339108 941 45000 SH DEFINED 0 45000 0
HOUSEHOLD INTL INC COMMON 441815107 12144 213800 SH DEFINED 0 213800 0
HUGHES SUPPLY INC COMMON 444482103 993 25500 SH DEFINED 0 25500 0
I2 TECHNOLOGIES INC NOTE 5.250 12/1 465754AD1 368 500000 PRN DEFINED 0 500000 0
I2 TECHNOLOGIES INC COMMON 465754109 263 52000 SH DEFINED 0 52000 0
IDEC PHARMACEUTICALS COR COMMON 449370105 5105 79400 SH DEFINED 0 76200 3200
IGEN INC COMMON 449536101 689 18200 SH DEFINED 0 18200 0
IMMUCOR INC COMMON 452526106 168 12000 SH DEFINED 0 12000 0
IMMUNEX CORP NEW COMMON 452528102 9644 318700 SH DEFINED 0 318700 0
IMPAC MTG HLDGS INC COMMON 45254P102 160 17000 SH DEFINED 0 17000 0
INAMED CORP COMMON 453235103 839 25500 SH DEFINED 0 25500 0
INDEPENDENCE CMNTY BK CO COMMON 453414104 1224 43500 SH DEFINED 0 43500 0
INHALE THERAPEUTIC SYS I NOTE 3.500 10/1 457191AH7 269 500000 PRN DEFINED 0 500000 0
INRANGE TECHNOLOGIES COR CL B 45769V206 137 17000 SH DEFINED 0 17000 0
INTEGRA LIFESCIENCES HLD COM NEW 457985208 844 30000 SH DEFINED 0 30000 0
INTER TEL INC COMMON 458372109 259 14000 SH DEFINED 0 14000 0
INTERMAGNETICS GEN CORP COMMON 458771102 605 22200 SH DEFINED 0 22200 0
INTERMUNE INC COMMON 45884X103 601 20000 SH DEFINED 0 20000 0
INTERNATIONAL BUSINESS M COMMON 459200101 38085 366200 SH DEFINED 0 365700 500
INTERNATIONAL FLAVORS&FR COMMON 459506101 12610 360600 SH DEFINED 0 360600 0
INTERNATIONAL GAME TECHN COMMON 459902102 7005 112400 SH DEFINED 0 112400 0
INTERNATIONAL PAPER CAP PFD CV 5.25% 460137300 232 5000 SH DEFINED 0 5000 0
INTERNATIONAL RECTIFIER NOTE 4.250 7/1 460254AD7 232 250000 PRN DEFINED 0 250000 0
INTERNEURON PHARMACEUTIC COMMON 460573108 534 61000 SH DEFINED 0 61000 0
INTERPUBLIC GROUP COS IN NOTE 1.800 9/1 460690AF7 498 500000 PRN DEFINED 0 500000 0
INTL SPECIALTY PRODS INC COMMON 460337108 135 14100 SH DEFINED 0 14100 0
INTRADO INC COMMON 46117A100 449 20600 SH DEFINED 0 20600 0
INVESTMENT TECHNOLOGY GR COMMON 46145F105 1925 36500 SH DEFINED 0 36500 0
ISIS PHARMACEUTICALS INC COMMON 464330109 515 32000 SH DEFINED 0 32000 0
ITC DELTACOM INC NOTE 4.500 5/1 45031TAJ3 23 500000 PRN DEFINED 0 500000 0
ITT EDUCATIONAL SERVICES COMMON 45068B109 657 14600 SH DEFINED 0 14600 0
ITT INDS INC IND COMMON 450911102 10036 159200 SH DEFINED 0 159200 0
IVAX CORP NOTE 4.500 5/1 465823AG7 562 700000 PRN DEFINED 0 700000 0
JACK IN THE BOX INC COMMON 466367109 842 28400 SH DEFINED 0 28400 0
JACOBS ENGR GROUP INC DE COMMON 469814107 1640 23000 SH DEFINED 0 23000 0
JACOR COMMUNUNICATIONS I FRNT 2/0 469858AB0 780 1600000 PRN DEFINED 0 1600000 0
JDA SOFTWARE GROUP INC COMMON 46612K108 1065 33400 SH DEFINED 0 33400 0
JLG INDS INC COMMON 466210101 148 10000 SH DEFINED 0 10000 0
JO-ANN STORES INC CL A 47758P109 161 10000 SH DEFINED 0 10000 0
JOHNSON & JOHNSON COMMON 478160104 52487 808117 SH DEFINED 0 801667 6450
JOHNSON CTLS INC COMMON 478366107 6270 71000 SH DEFINED 0 71000 0
JONES APPAREL SDCV 0. 01/0 480081AB4 1035 2000000 PRN DEFINED 0 2000000 0
JUNIPER NETWORKS INC NOTE 4.750 3/1 48203RAA2 710 1000000 PRN DEFINED 0 1000000 0
KB HOME COMMON 48666K109 16785 386750 SH DEFINED 0 381600 5150
KERR MCGEE CORP SDCV 5.250 2/1 492386AP2 594 500000 PRN DEFINED 0 500000 0
KING PHARMACEUTICALS INC COMMON 495582108 12908 368698 SH DEFINED 0 364000 4698
KNIGHT RIDDER INC COMMON 499040103 275 4000 SH DEFINED 0 4000 0
KOHLS CORP COMMON 500255104 55063 773900 SH DEFINED 0 769100 4800
KRAFT FOODS INC CL A 50075N104 870 22500 SH DEFINED 0 22500 0
KRONOS INC COMMON 501052104 517 11000 SH DEFINED 0 11000 0
L-3 COMMUNICATIONS HLDGS COMMON 502424104 10808 96500 SH DEFINED 0 96500 0
L-3 COMMUNICATIONS HLDGS DEBT 4.000 9/1 502424AD6 1184 1000000 PRN DEFINED 0 1000000 0
LA Z BOY INC COMMON 505336107 1194 43500 SH DEFINED 0 43500 0
LABOR READY INC COM NEW 505401208 172 22000 SH DEFINED 0 22000 0
LABORATORY CORP AMER HLD COM NEW 50540R409 28053 292650 SH DEFINED 0 289900 2750
LAM RESEARCH CORP NOTE 4.000 6/0 512807AE8 494 500000 PRN DEFINED 0 500000 0
LANDS END INC COMMON 515086106 494 11000 SH DEFINED 0 11000 0
LANDSTAR SYS INC COMMON 515098101 1067 11500 SH DEFINED 0 11500 0
LATTICE SEMICONDUCTOR CONV BD 144A 518415AA2 534 500000 PRN DEFINED 0 500000 0
LEAR CORP COMMON 521865105 219 4600 SH DEFINED 0 4600 0
LEGG MASON INC NOTE 6/0 524901AG0 291 600000 PRN DEFINED 0 600000 0
LENDINGTREE INC COMMON 52602Q105 228 17000 SH DEFINED 0 17000 0
LENNAR SDCV 0. 04/0 526057AF1 1169 2800000 PRN DEFINED 0 2800000 0
LENNAR CORP COMMON 526057104 11080 210000 SH DEFINED 0 207200 2800
LIBERTY MEDIA CORP DEB 3.500 1/1 530715AN1 360 500000 PRN DEFINED 0 500000 0
LIBERTY MEDIA CORP DEB 3.250 3/1 530715AR2 411 400000 PRN DEFINED 0 400000 0
LIFEPOINT HOSPITALS INC COMMON 53219L109 3696 100000 SH DEFINED 0 100000 0
LINCARE HLDGS INC COMMON 532791100 6238 230000 SH DEFINED 0 230000 0
LINEAR TECHNOLOGY CORP COMMON 535678106 2034 46000 SH DEFINED 0 46000 0
LOEWS CORP NOTE 3.125 9/1 540424AL2 849 1000000 PRN DEFINED 0 1000000 0
LOMAK PETE INC SDCV 6.000 2/0 541509AF2 779 1000000 PRN DEFINED 0 1000000 0
LOUISIANA PAC CORP COMMON 546347105 269 25000 SH DEFINED 0 25000 0
LOWES COS INC COMMON 548661107 43481 999800 SH DEFINED 0 993600 6200
LOWES COS INC NOTE 2/1 548661CF2 435 550000 PRN DEFINED 0 550000 0
LUXOTTICA GROUP S P A DEPOSITORY RECEI 55068R202 678 35000 SH DEFINED 0 35000 0
M & T BK CORP COMMON 55261F104 3215 40000 SH DEFINED 0 40000 0
MAGNA INTL INC CL A 559222401 4219 57400 SH DEFINED 0 57400 0
MANITOWOC INC COMMON 563571108 1165 29500 SH DEFINED 0 29500 0
MANULIFE FINL CORP COMMON 56501R106 741 27000 SH DEFINED 0 27000 0
MARSH & MCLENNAN COS INC COMMON 571748102 2819 25000 SH DEFINED 0 25000 0
MARSHALL & ILSLEY CORP COMMON 571834100 560 9000 SH DEFINED 0 9000 0
MARVEL ENTERPRISES INC COMMON 57383M108 165 20000 SH DEFINED 0 20000 0
MARVELL TECHNOLOGY GROUP ORD G5876H105 438 10000 SH DEFINED 0 10000 0
MATTEL INC COMMON 577081102 22591 1084000 SH DEFINED 0 1084000 0
MAY DEPT STORES CO COMMON 577778103 1011 29000 SH DEFINED 0 29000 0
MAYTAG CORP COMMON 578592107 3363 76000 SH DEFINED 0 76000 0
MCCLATCHY CO CL A 579489105 582 9800 SH DEFINED 0 9800 0
MCKESSON $2.50 6/1/27 58155P501 538 10000 SH DEFINED 0 10000 0
MEDIA GEN INC CL A 584404107 425 6700 SH DEFINED 0 6700 0
MEDICIS PHARMACEUTICAL C CL A NEW 584690309 3608 65000 SH DEFINED 0 65000 0
MEDIMMUNE INC COMMON 584699102 10774 273950 SH DEFINED 0 264800 9150
MEDTRONIC INC COMMON 585055106 38808 858387 SH DEFINED 0 851337 7050
MERCURY INTERACTIVE CORP NOTE 4.750 7/0 589405AA7 413 500000 PRN DEFINED 0 500000 0
MERIT MED SYS INC COMMON 589889104 260 12875 SH DEFINED 0 12875 0
METTLER TOLEDO INTERNATI COMMON 592688105 1353 29900 SH DEFINED 0 29700 200
MGIC INVT CORP WIS COMMON 552848103 10271 150100 SH DEFINED 0 149300 800
MICHAELS STORES INC COMMON 594087108 567 15000 SH DEFINED 0 15000 0
MICROCHIP TECHNOLOGY INC COMMON 595017104 2301 55000 SH DEFINED 0 55000 0
MICROSOFT CORP COMMON 594918104 76081 1261500 SH DEFINED 0 1255450 6050
MIDWAY GAMES INC COMMON 598148104 983 73000 SH DEFINED 0 73000 0
MILLENNIUM PHARMACEUTICA COMMON 599902103 2722 122000 SH DEFINED 0 122000 0
MIRANT TR I PFD CV SER A 60467Q102 314 8000 SH DEFINED 0 8000 0
MOBILE TELESYSTEMS OJSC DEPOSITORY RECEI 607409109 256 7000 SH DEFINED 0 7000 0
MOHAWK INDS INC COMMON 608190104 16775 279160 SH DEFINED 0 276660 2500
MONACO COACH CORP COMMON 60886R103 559 23000 SH DEFINED 0 23000 0
MOORE LTD COMMON 615785102 1028 79000 SH DEFINED 0 79000 0
MOVIE GALLERY INC COMMON 624581104 180 10500 SH DEFINED 0 10500 0
MSC SOFTWARE CORP COMMON 553531104 368 16000 SH DEFINED 0 16000 0
MULTIMEDIA GAMES INC COMMON 625453105 371 10500 SH DEFINED 0 10500 0
NATIONAL COMMERCE FINL C COMMON 63545P104 1279 46000 SH DEFINED 0 46000 0
NATIONAL SEMICONDUCTOR C COMMON 637640103 236 7000 SH DEFINED 0 7000 0
NAVISTAR INTL CORP NEW COMMON 63934E108 585 13200 SH DEFINED 0 13200 0
NBTY INC COMMON 628782104 1228 72000 SH DEFINED 0 72000 0
NDCHEALTH CORP COMMON 639480102 273 7500 SH DEFINED 0 7500 0
NETBANK INC COMMON 640933107 177 10500 SH DEFINED 0 10500 0
NETWORKS ASSOCS INC COMMON 640938106 25203 1041450 SH DEFINED 0 1034300 7150
NEUROCRINE BIOSCIENCES I COMMON 64125C109 2833 69800 SH DEFINED 0 69800 0
NEW CENTURY FINANCIAL CO COMMON 64352D101 250 11000 SH DEFINED 0 11000 0
NEW YORK CMNTY BANCORP I COMMON 649445103 1604 58000 SH DEFINED 0 58000 0
NEWELL FINL TR I QIPS CONV5.25% 651195307 494 12000 SH DEFINED 0 12000 0
NEWMONT MINING CORP HLDG COMMON 651639106 415 15000 SH DEFINED 0 15000 0
NIKE INC CL B 654106103 15087 251400 SH DEFINED 0 249000 2400
NMT MED INC COMMON 629294109 136 17000 SH DEFINED 0 17000 0
NOBLE CORPORATION SHS G65422100 11233 271400 SH DEFINED 0 271400 0
NORFOLK SOUTHERN CORP COMMON 655844108 13619 568900 SH DEFINED 0 567800 1100
NORTEL NETWORKS SDCV 4.250 09/0 656566AA4 0 500000 PRN DEFINED 0 500000 0
NORTH FORK BANCORPORATIO COMMON 659424105 5761 162000 SH DEFINED 0 162000 0
NORTHROP GRUMMAN CORP COMMON 666807102 1344 11892 SH DEFINED 0 11892 0
NUEVO FING I TECONS SER A 670511203 289 10000 SH DEFINED 0 10000 0
NVIDIA CORP COMMON 67066G104 2662 60000 SH DEFINED 0 60000 0
O REILLY AUTOMOTIVE INC COMMON 686091109 1875 59400 SH DEFINED 0 59400 0
OAKLEY INC COMMON 673662102 698 39000 SH DEFINED 0 39000 0
OFFICE DEPOT INC COMMON 676220106 7225 364000 SH DEFINED 0 364000 0
OHIO CAS CORP COMMON 677240103 1140 60200 SH DEFINED 0 60200 0
OLD REP INTL CORP COMMON 680223104 2526 79000 SH DEFINED 0 79000 0
OMNICARE INC COMMON 681904108 337 13000 SH DEFINED 0 13000 0
OMNICOM GROUP INC COMMON 681919106 64032 678300 SH DEFINED 0 675200 3100
OMNIVISION TECHNOLOGIES COMMON 682128103 154 14000 SH DEFINED 0 14000 0
ONI SYSTEMS CORP NOTE 5.000 10/1 68273FAA1 1153 1500000 PRN DEFINED 0 1500000 0
ORACLE CORP COMMON 68389X105 6938 542000 SH DEFINED 0 538100 3900
OVERTURE SVCS INC COMMON 69039R100 2373 85000 SH DEFINED 0 85000 0
OXFORD HEALTH PLANS INC COMMON 691471106 16549 396000 SH DEFINED 0 396000 0
PACKAGING CORP AMER COMMON 695156109 1445 73000 SH DEFINED 0 73000 0
PACTIV CORP COMMON 695257105 1181 59000 SH DEFINED 0 59000 0
PAIN THERAPEUTICS INC COMMON 69562K100 124 13000 SH DEFINED 0 13000 0
PANERA BREAD CO CL A 69840W108 1656 26000 SH DEFINED 0 26000 0
PATTERSON DENTAL CO COMMON 703412106 2711 62000 SH DEFINED 0 62000 0
PAXAR CORP COMMON 704227107 172 10000 SH DEFINED 0 10000 0
PAYCHEX INC COMMON 704326107 11561 291200 SH DEFINED 0 291200 0
PEDIATRIX MED GROUP COMMON 705324101 285 7000 SH DEFINED 0 7000 0
PENN NATL GAMING INC COMMON 707569109 1205 34400 SH DEFINED 0 34400 0
PENNEY J C INC NOTE 5.000 10/1 708160BU9 933 1000000 PRN DEFINED 0 1000000 0
PENTAIR INC COMMON 709631105 1291 28700 SH DEFINED 0 28700 0
PEOPLESOFT INC COMMON 712713106 24934 682550 SH DEFINED 0 677700 4850
PEP BOYS MANNY MOE & JAC COMMON 713278109 1997 120000 SH DEFINED 0 120000 0
PEPSI BOTTLING GROUP INC COMMON 713409100 5484 212000 SH DEFINED 0 212000 0
PEPSICO INC COMMON 713448108 38555 748650 SH DEFINED 0 744800 3850
PERFORMANCE FOOD GROUP C COMMON 713755106 3651 111800 SH DEFINED 0 111800 0
PERKIN ELMER SDCV 0. 08/0 714046AA7 661 1302000 PRN DEFINED 0 1302000 0
PERKINELMER INC COMMON 714046109 222 12000 SH DEFINED 0 12000 0
PEROT SYS CORP CL A 714265105 894 44800 SH DEFINED 0 44800 0
PETROLEUM GEO-SVCS A/S DEPOSITORY RECEI 716597109 202 31000 SH DEFINED 0 31000 0
PETSMART INC COMMON 716768106 190 14000 SH DEFINED 0 14000 0
PFIZER INC COMMON 717081103 34168 859800 SH DEFINED 0 852800 7000
PHARMACEUTICAL PROD DEV COMMON 717124101 6109 175300 SH DEFINED 0 175300 0
PHARMACEUTICAL RES INC COMMON 717125108 403 19000 SH DEFINED 0 19000 0
PHILIP MORRIS COS INC COMMON 718154107 26048 494550 SH DEFINED 0 489200 5350
PIER 1 IMPORTS INC COMMON 720279108 3480 169000 SH DEFINED 0 169000 0
PMI GROUP INC COMMON 69344M101 2576 34000 SH DEFINED 0 34000 0
POLARIS INDS INC COMMON 731068102 1516 23800 SH DEFINED 0 23800 0
POLYCOM INC COMMON 73172K104 22155 900600 SH DEFINED 0 888500 12100
POPULAR INC COMMON 733174106 555 19000 SH DEFINED 0 19000 0
POSSIS MEDICAL INC COMMON 737407106 217 11000 SH DEFINED 0 11000 0
POTOMAC ELEC PWR CO COMMON 737679100 747 32000 SH DEFINED 0 32000 0
PRACTICEWORKS INC COMMON 739419109 157 12000 SH DEFINED 0 12000 0
PRAXAIR INC COMMON 74005P104 4485 75000 SH DEFINED 0 75000 0
PRECISE SOFTWARE SOLUTIO ORD M41450103 1234 53000 SH DEFINED 0 53000 0
PRECISION CASTPARTS CORP COMMON 740189105 2585 73000 SH DEFINED 0 73000 0
PROCTER & GAMBLE CO COMMON 742718109 12072 134000 SH DEFINED 0 134000 0
PROGRESSIVE CORP OHIO COMMON 743315103 8331 50000 SH DEFINED 0 50000 0
PRUDENTIAL FINL INC COMMON 744320102 311 10000 SH DEFINED 0 10000 0
PSINET INC PFD C CV 6 3/4 74437C309 22 10000 SH DEFINED 0 10000 0
PSINET INC PFD CV D144A 74437C408 11 15000 SH DEFINED 0 15000 0
PUBLIC STORAGE INC COMMON 74460D109 1147 31000 SH DEFINED 0 31000 0
PULTE HOMES INC COMMON 745867101 9158 191400 SH DEFINED 0 188500 2900
QUADRAMED CORP COMMON 74730W101 160 18000 SH DEFINED 0 18000 0
QUALCOMM INC COMMON 747525103 20630 548100 SH DEFINED 0 547200 900
QUANTA SVCS INC NOTE 4.000 7/0 74762EAA0 950 1350000 PRN DEFINED 0 1350000 0
QUANTUM CORP NOTE 7.000 8/0 747906AC9 465 500000 PRN DEFINED 0 500000 0
QUEST DIAGNOSTICS INC COMMON 74834L100 7125 86000 SH DEFINED 0 86000 0
RACING CHAMPIONS ERTL CO COMMON 750069106 193 10000 SH DEFINED 0 10000 0
RADIAN GROUP INC COMMON 750236101 3387 69000 SH DEFINED 0 69000 0
RADIO ONE INC CL A 75040P108 200 9200 SH DEFINED 0 9200 0
RARE HOSPITALITY INTL IN COMMON 753820109 483 19000 SH DEFINED 0 19000 0
RATIONAL SOFTWARE CORP NOTE 5.000 2/0 75409PAA1 347 400000 PRN DEFINED 0 400000 0
RAYTHEON CO COM NEW 755111507 6560 159800 SH DEFINED 0 158400 1400
REDBACK NETWORKS INC NOTE 5.000 4/0 757209AA9 263 500000 PRN DEFINED 0 500000 0
REEBOK INTL LTD DBCV 4.250 3/0 758110AD2 517 500000 PRN DEFINED 0 500000 0
REEBOK INTL LTD COMMON 758110100 5163 191000 SH DEFINED 0 191000 0
REGIONS FINL CORP COMMON 758940100 5049 147000 SH DEFINED 0 147000 0
REINSURANCE GROUP CV PFD $5.750 759351307 238 5000 SH DEFINED 0 5000 0
RELIANT ENERGY INC COMMON 75952J108 1315 51000 SH DEFINED 0 51000 0
RENAISSANCE RE HLDGS LTD COMMON G7496G103 1298 12600 SH DEFINED 0 12600 0
RENT A CTR INC NEW COMMON 76009N100 1482 29000 SH DEFINED 0 29000 0
RES-CARE INC NOTE 6.000 12/0 760943AC4 413 500000 PRN DEFINED 0 500000 0
RESMED INC COMMON 761152107 506 12600 SH DEFINED 0 9000 3600
RESTORATION HARDWARE INC COMMON 760981100 175 14000 SH DEFINED 0 14000 0
RF MICRODEVICES INC NOTE 3.750 8/1 749941AA8 849 1000000 PRN DEFINED 0 1000000 0
RF MICRODEVICES INC COMMON 749941100 3365 188000 SH DEFINED 0 188000 0
RIGHT MGMT CONSULTANTS I COMMON 766573109 304 12000 SH DEFINED 0 12000 0
ROADWAY CORP COMMON 769742107 1117 30200 SH DEFINED 0 30200 0
ROSS STORES INC COMMON 778296103 4169 110200 SH DEFINED 0 110200 0
ROXIO INC COMMON 780008108 397 17500 SH DEFINED 0 17500 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 1086 20000 SH DEFINED 0 20000 0
RUBY TUESDAY INC COMMON 781182100 2678 115200 SH DEFINED 0 115200 0
RYANS FAMILY STEAK HOUSE COMMON 783519101 240 10000 SH DEFINED 0 10000 0
S1 CORPORATION COMMON 78463B101 1081 70000 SH DEFINED 0 70000 0
SAFECO CORP COMMON 786429100 897 28000 SH DEFINED 0 28000 0
SAFEWAY INC COM NEW 786514208 17270 383600 SH DEFINED 0 382300 1300
SANGSTAT MED CORP COMMON 801003104 346 12900 SH DEFINED 0 12900 0
SAPPI LTD DEPOSITORY RECEI 803069202 161 12000 SH DEFINED 0 12000 0
SBC COMMUNICATIONS INC COMMON 78387G103 374 10000 SH DEFINED 0 10000 0
SCANSOFT INC COMMON 80603P107 171 29000 SH DEFINED 0 29000 0
SCHEIN HENRY INC COMMON 806407102 2828 64200 SH DEFINED 0 64200 0
SCHOLASTIC CORP COMMON 807066105 1355 25000 SH DEFINED 0 25000 0
SCHOOL SPECIALTY INC NOTE 6.000 8/0 807863AC9 546 500000 PRN DEFINED 0 500000 0
SCIENTIFIC ATLANTA INC COMMON 808655104 462 20000 SH DEFINED 0 20000 0
SCIENTIFIC GAMES CORP CL A 80874P109 142 17000 SH DEFINED 0 17000 0
SCIOS INC COMMON 808905103 1151 39800 SH DEFINED 0 39800 0
SCP POOL CORP COMMON 784028102 785 25000 SH DEFINED 0 25000 0
SCRIPPS E W CO OHIO CL A 811054204 821 10000 SH DEFINED 0 10000 0
SEALED AIR CORP NEW PFD PFD CONVERTIBLE 81211K209 1376 30000 SH DEFINED 0 30000 0
SEARS ROEBUCK & CO COMMON 812387108 3999 78000 SH DEFINED 0 78000 0
SEMTECH CORP COMMON 816850101 3212 88000 SH DEFINED 0 88000 0
SEMTECH CORP NOTE 4.500 2/0 816850AB7 548 500000 PRN DEFINED 0 500000 0
SEPRACOR INC COMMON 817315104 194 10000 SH DEFINED 0 10000 0
SIEBEL SYS INC COMMON 826170102 6568 201400 SH DEFINED 0 201400 0
SIERRA PAC RES NEW COMMON 826428104 453 30000 SH DEFINED 0 30000 0
SIGMA ALDRICH CORP COMMON 826552101 2912 62000 SH DEFINED 0 62000 0
SILICON IMAGE INC COMMON 82705T102 196 23000 SH DEFINED 0 23000 0
SONIC AUTOMOTIVE INC CL A 83545G102 809 27000 SH DEFINED 0 27000 0
SONIC CORP COMMON 835451105 1620 63000 SH DEFINED 0 63000 0
SOUTHERN CO COMMON 842587107 5404 204000 SH DEFINED 0 204000 0
SOUTHTRUST CORP COMMON 844730101 7656 290000 SH DEFINED 0 290000 0
SOUTHWEST AIRLS CO COMMON 844741108 581 30000 SH DEFINED 0 30000 0
SOVEREIGN BANCORP INC COMMON 845905108 5458 388500 SH DEFINED 0 388500 0
SPORTS AUTH INC COMMON 849176102 230 20000 SH DEFINED 0 20000 0
ST JUDE MED INC COMMON 790849103 3981 51600 SH DEFINED 0 51600 0
STANLEY WKS COMMON 854616109 6938 150000 SH DEFINED 0 150000 0
STAPLES INC COMMON 855030102 15057 754000 SH DEFINED 0 754000 0
STARBUCKS CORP COMMON 855244109 4395 190000 SH DEFINED 0 190000 0
STATE STR CORP COMMON 857477103 28676 517800 SH DEFINED 0 515800 2000
STATEN IS BANCORP INC COMMON 857550107 1130 57400 SH DEFINED 0 57400 0
STEAK N SHAKE CO COMMON 857873103 141 10000 SH DEFINED 0 10000 0
STERICYCLE INC COMMON 858912108 1977 31600 SH DEFINED 0 31600 0
STILLWATER MNG CO COMMON 86074Q102 415 22000 SH DEFINED 0 22000 0
STRYKER CORP COMMON 863667101 14169 234850 SH DEFINED 0 229000 5850
SUNGARD DATA SYS INC COMMON 867363103 9232 280000 SH DEFINED 0 280000 0
SUNRISE ASSISTED LIVING COMMON 86768K106 10959 402000 SH DEFINED 0 402000 0
SUPERVALU INC COMMON 868536103 17647 684000 SH DEFINED 0 684000 0
SYMANTEC CORP NOTE 3.000 11/0 871503AA6 348 250000 PRN DEFINED 0 250000 0
SYMANTEC CORP COMMON 871503108 4451 108000 SH DEFINED 0 108000 0
SYMBOL TECHNOLOGIES INC COMMON 871508107 506 45000 SH DEFINED 0 45000 0
SYNOVUS FINL CORP COMMON 87161C105 7193 236000 SH DEFINED 0 236000 0
SYSCO CORP COMMON 871829107 10568 354400 SH DEFINED 0 347800 6600
TALBOTS INC COMMON 874161102 1345 38000 SH DEFINED 0 38000 0
TARGET CORP COMMON 87612E106 27075 627900 SH DEFINED 0 627300 600
TARO PHARMACEUTICAL INDS ORD M8737E108 1956 69000 SH DEFINED 0 69000 0
TBC CORP COMMON 872180104 167 11500 SH DEFINED 0 11500 0
TCF FINL CORP COMMON 872275102 9128 173500 SH DEFINED 0 173500 0
TECH DATA CORP COMMON 878237106 4066 88600 SH DEFINED 0 88600 0
TECO ENERGY INC COMMON 872375100 4953 173000 SH DEFINED 0 173000 0
TELEFLEX INC COMMON 879369106 2165 39600 SH DEFINED 0 39600 0
TELEFONOS DE MEXICO S A DBCV 4.250 6/1 879403AD5 1411 1000000 PRN DEFINED 0 1000000 0
TELEPHONE & DATA SYS INC COMMON 879433100 8168 92550 SH DEFINED 0 92550 0
TENET HEALTHCARE CORP COMMON 88033G100 32843 490050 SH DEFINED 0 485700 4350
TESCO CORP COMMON 88157K101 149 12000 SH DEFINED 0 12000 0
TESORO PETE CORP COMMON 881609101 464 33000 SH DEFINED 0 33000 0
TEVA PHARMACEUTICAL INDS DEPOSITORY RECEI 881624209 1913 35000 SH DEFINED 0 35000 0
TEXTRON INC COMMON 883203101 710 13900 SH DEFINED 0 13900 0
THORNBURG MTG INC COMMON 885218107 1327 66200 SH DEFINED 0 63000 3200
THQ INC COM NEW 872443403 3255 66300 SH DEFINED 0 66300 0
TICKETMASTER CL B 88633P203 1420 48000 SH DEFINED 0 48000 0
TJX COS INC NEW NOTE 2/1 872540AL3 462 600000 PRN DEFINED 0 600000 0
TJX COS INC NEW COMMON 872540109 2161 54000 SH DEFINED 0 54000 0
TOO INC COMMON 890333107 1828 62000 SH DEFINED 0 62000 0
TOTAL RENAL CARE HLDGS I NOTE 7.000 5/1 89151AAC1 498 500000 PRN DEFINED 0 500000 0
TOWER AUTOMOTIVE INC NOTE 5.000 8/0 891707AE1 455 500000 PRN DEFINED 0 500000 0
TRIAD HOSPITALS INC COMMON 89579K109 1131 32900 SH DEFINED 0 32900 0
TRICON GLOBAL RESTAURANT COMMON 895953107 4115 70000 SH DEFINED 0 70000 0
TRIGON HEALTHCARE INC COMMON 89618L100 5699 77200 SH DEFINED 0 77200 0
TRIZETTO GROUP INC COMMON 896882107 122 10000 SH DEFINED 0 10000 0
TV AZTECA S A DE C V DEPOSITORY RECEI 901145102 150 17000 SH DEFINED 0 17000 0
TYCO INTL LTD NEW COMMON 902124106 20340 629342 SH DEFINED 0 619642 9700
UCBH HOLDINGS INC COMMON 90262T308 1022 28400 SH DEFINED 0 28400 0
UNION PACIFIC CV PFD TIDES 907824205 725 14500 SH DEFINED 0 14500 0
UNITED MICROELECTRONICS DEPOSITORY RECEI 910873207 852 80000 SH DEFINED 0 80000 0
UNITED ONLINE INC COMMON 911268100 241 28000 SH DEFINED 0 28000 0
UNITED PARCEL SERVICE IN NOTE 1.750 9/2 911312AB2 1011 1000000 PRN DEFINED 0 1000000 0
UNITED RENTALS INC COMMON 911363109 275 10000 SH DEFINED 0 10000 0
UNITED RENTALS TR I QIPS CONV 6.5% 91136H306 288 7000 SH DEFINED 0 7000 0
UNITED STATES STL CORP N COMMON 912909108 182 10000 SH DEFINED 0 10000 0
UNITED STATIONERS INC COMMON 913004107 572 15000 SH DEFINED 0 15000 0
UNITEDHEALTH GROUP INC COMMON 91324P102 10252 134150 SH DEFINED 0 130800 3350
UNITRIN INC COMMON 913275103 728 18100 SH DEFINED 0 18100 0
UNIVERSAL HLTH SVCS INC CL B 913903100 9149 221800 SH DEFINED 0 221800 0
UNIVERSAL HLTH SVCS INC DBCV .426 6/2 913903AL4 500 900000 PRN DEFINED 0 900000 0
UNIVISION COMMUNICATIONS CL A 914906102 798 19000 SH DEFINED 0 19000 0
UNUMPROVIDENT CORP COMMON 91529Y106 9329 334000 SH DEFINED 0 333000 1000
URS CORP NEW COMMON 903236107 761 24000 SH DEFINED 0 24000 0
US BANCORP DEL COM NEW 902973304 11102 491900 SH DEFINED 0 489700 2200
USA ED INC COMMON 90390U102 6153 62910 SH DEFINED 0 60600 2310
USA INTERACTIVE COMMON 902984103 540 17000 SH DEFINED 0 17000 0
V F CORP COMMON 918204108 3893 90000 SH DEFINED 0 90000 0
VALERO ENERGY $1.94 91821D107 381 10000 SH DEFINED 0 10000 0
VARIAN MED SYS INC COMMON 92220P105 10863 265600 SH DEFINED 0 265600 0
VECTOR GROUP LTD COMMON 92240M108 275 9600 SH DEFINED 0 9600 0
VECTOR GROUP LTD NOTE 6.250 7/1 92240MAA6 521 500000 PRN DEFINED 0 500000 0
VERITAS SOFTWARE CORP / NOTE 1.856 8/1 92343RAA1 321 250000 PRN DEFINED 0 250000 0
VIVUS INC COMMON 928551100 151 17000 SH DEFINED 0 17000 0
WAL MART STORES INC COMMON 931142103 77212 1259580 SH DEFINED 0 1257500 2080
WALTER INDS INC COMMON 93317Q105 145 11000 SH DEFINED 0 11000 0
WASHINGTON FED INC COMMON 938824109 1580 66010 SH DEFINED 0 66010 0
WASHINGTON MUT INC COMMON 939322103 11953 360785 SH DEFINED 0 358900 1885
WASHINGTON MUTUAL CV PFD $5.375 93933U308 968 20000 SH DEFINED 0 20000 0
WASTE CONNECTIONS INC COMMON 941053100 335 10000 SH DEFINED 0 10000 0
WATSCO INC COMMON 942622200 179 10000 SH DEFINED 0 10000 0
WEBSENSE INC COMMON 947684106 566 22500 SH DEFINED 0 22500 0
WEBSTER FINL CORP CONN COMMON 947890109 973 26000 SH DEFINED 0 26000 0
WEIGHT WATCHERS INTL INC COMMON 948626106 765 20000 SH DEFINED 0 20000 0
WELLPOINT HEALTH NETWORK COMMON 94973H108 8005 125728 SH DEFINED 0 125728 0
WELLS FARGO & CO NEW COMMON 949746101 6175 125000 SH DEFINED 0 125000 0
WEST MARINE INC COMMON 954235107 210 10400 SH DEFINED 0 10400 0
WESTAMERICA BANCORPORATI COMMON 957090103 1496 35000 SH DEFINED 0 35000 0
WHIRLPOOL CORP COMMON 963320106 12201 161500 SH DEFINED 0 161100 400
WHITEHALL JEWELLERS INC COMMON 965063100 189 10000 SH DEFINED 0 10000 0
WHOLE FOODS MKT INC COMMON 966837106 5780 126500 SH DEFINED 0 126500 0
WILLIS GROUP HOLDINGS LT SHS G96655108 618 25000 SH DEFINED 0 25000 0
WINN DIXIE STORES INC COMMON 974280109 529 33000 SH DEFINED 0 33000 0
WINNEBAGO INDS INC COMMON 974637100 1201 28600 SH DEFINED 0 28600 0
WOMEN FIRST HEALTHCARE COMMON 978150100 99 10000 SH DEFINED 0 10000 0
XEROX CORP COMMON 984121103 430 40000 SH DEFINED 0 40000 0
XL CAP LTD CL A G98255105 8775 94000 SH DEFINED 0 94000 0
YORK INTL CORP NEW COMMON 986670107 1185 33000 SH DEFINED 0 33000 0
YOUNG & RUBICAM INC NOTE 3.000 1/1 987425AC9 974 1000000 PRN DEFINED 0 1000000 0
ZIONS BANCORPORATION COMMON 989701107 14610 246500 SH DEFINED 0 245600 900
ZORAN CORP COMMON 98975F101 2040 46700 SH DEFINED 0 46700 0