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, 2001

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

Institutional Investment Manager Filing this Report:

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:

Arvind Sodhani, Vice President and Treasurer (408) 765-1240

 ---------------------------------------------------------------
   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/Arvind Sodhani    Santa Clara, California  May 14, 2001
-------------------

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:   594

Form 13F Information Table Value Total:   $3,460,392


*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.  HEWLETT PACKARD & CO. INC., File No: 28-2187
2.  MORGAN STANLEY DEAN WITTER & CO., File No: 28-3432
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.




                                                                         3/31/01
                           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    PRN DISCRETION MANAGERS    SOLE     SHARED     NONE
                                                                                             
3DLABS INC., LTD.                ORD       68846W103       262    218,163 SH    SOLE                    218,163
@COMM CORPORATION                COM       00208K105     5,281  1,005,989 SH    SOLE                  1,005,989
ABBOTT LABS                      COM       002824100    18,840    399,234 SH    SOLE                    399,234
ADAPTEC INC                      COM       00651F108       221     25,500 SH    SOLE                     25,500
ADC TELECOMMUNICATIONS INC       COM       000886101     1,706    200,700 SH    SOLE                    200,700
ADOBE SYS INC                    COM       00724F101     2,172     62,100 SH    SOLE                     62,100
ADVANCED MICRO DEVICES INC       COM       007903107     2,146     80,858 SH    SOLE                     80,858
AES CORP                         COM       00130H105     6,325    126,600 SH    SOLE                    126,600
AETNA INC                        COM       00817Y108     1,334     37,145 SH    SOLE                     37,145
AFLAC INC                        COM       001055102     3,770    136,900 SH    SOLE                    136,900
AGENCY.COM LTD.                  COM       008447104       206    150,000 SH    SOLE                    150,000
AGILENT TECHNOLOGIES INC         COM       00846U101     3,621    117,823 SH    SOLE                    117,823
AIR PRODS & CHEMS INC            COM       009158106     2,269     59,100 SH    SOLE                     59,100
ALBERTO CULVER CO                CL B CONV 013068101       579     14,600 SH    SOLE                     14,600
ALBERTSONS INC                   COM       013104104     3,361    105,641 SH    SOLE                    105,641
ALCAN INC                        COM       013716105     2,954     82,049 SH    SOLE                     82,049
ALCOA INC                        COM       013817101     8,027    223,292 SH    SOLE                    223,292
ALLEGHENY ENERGY INC             COM       017361106     1,318     28,500 SH    SOLE                     28,500
ALLEGHENY TECHNOLOGIES INC       COM       01741R102       362     20,764 SH    SOLE                     20,764
ALLERGAN INC                     COM       018490102     2,521     34,000 SH    SOLE                     34,000
ALLIED WASTE INDS INC            PAR$.01   019589308       797     50,800 SH    SOLE                     50,800
                                 NEW
ALLSTATE CORP                    COM       020002101     7,917    188,760 SH    SOLE                    188,760
ALLTEL CORP                      COM       020039103     4,239     80,800 SH    SOLE                     80,800
ALTERA CORP                      COM       021441100     2,193    102,300 SH    SOLE                    102,300
ALZA CORP                        COM       022615108     2,475     61,100 SH    SOLE                     61,100
AMBAC FINANCIAL GROUP INC        COM       023139108     1,725     27,200 SH    SOLE                     27,200
AMERADA HESS CORP                COM       023551104     1,789     22,900 SH    SOLE                     22,900
AMEREN CORP                      COM       023608102     1,452     35,450 SH    SOLE                     35,450
AMERICAN ELEC PWR INC            COM       025537101     3,907     83,132 SH    SOLE                     83,132
AMERICAN TOWER CORP              CL A      029912201       301     16,276 SH    SOLE                     16,276
AMERICAN EXPRESS CO              COM       025816109    14,178    343,284 SH    SOLE                    343,284
AMERICAN GEN CORP                COM       026351106     4,964    129,776 SH    SOLE                    129,776
AMERICAN HOME PRODS CORP         COM       026609107    19,871    338,236 SH    SOLE                    338,236

               FAIR MARKET VALUE                       132,821



AMERICAN INTL GROUP INC          COM       026874107    48,374    600,919 SH    SOLE                    600,919
AMERICAN PWR CONVERSION CORP     COM       029066107       648     50,300 SH    SOLE                     50,300
AMGEN INC                        COM       031162100    16,184    268,900 SH    SOLE                    268,900
AMR CORP                         COM       001765106     1,366     38,900 SH    SOLE                     38,900
AMSOUTH BANCORPORATION           COM       032165102     1,629     96,900 SH    SOLE                     96,900
ANADARKO PETE CORP               COM       032511107     4,029     64,176 SH    SOLE                     64,176
ANALOG DEVICES INC               COM       032654105     3,367     92,900 SH    SOLE                     92,900
ANDREW CORP                      COM       034425108       302     21,025 SH    SOLE                     21,025
ANHEUSER BUSCH COS INC           COM       035229103    10,693    232,800 SH    SOLE                    232,800
AOL TIME WARNER INC              COM       00184A105    44,849  1,117,046 SH    SOLE                  1,117,046
AON CORP                         COM       037389103     2,346     66,090 SH    SOLE                     66,090
APACHE CORP                      COM       037411105     1,832     31,800 SH    SOLE                     31,800
APPLE COMPUTER INC               COM       037833100     1,973     89,400 SH    SOLE                     89,400
APPLERA CORP-APPLIED BIOSYSTEM   COM    AP 038020103     1,512     54,500 SH    SOLE                     54,500
                                 BIO GRP
APPLIED MATLS INC                COM       038222105    10,394    238,944 SH    SOLE                    238,944
APPLIED MICRO CIRCUITS CORP CD   COM       03822W109     1,272     77,100 SH    SOLE                     77,100
ARCHER DANIELS MIDLAND CO        COM       039483102     2,150    163,521 SH    SOLE                    163,521
ASHLAND INC                      COM       044204105       691     18,000 SH    SOLE                     18,000
ASIACONTENT.COM, LTD.            COM       G05354108     5,787  2,805,674 SH    DEFINED     3                    2,805,674
ASIAINFO HOLDINGS, INC.          COM       04518A104    31,894  2,630,425 SH    DEFINED     3                    2,630,425
AT&T CORP                        COM       001957109    20,673    970,572 SH    SOLE                    970,572
AT ROAD, INC.                    COM       04648K105       256    576,922 SH    SOLE                    576,922
AUDIBLE, INC.                    COM       05069A104       890    918,750 SH    SOLE                    918,750
AUTODESK INC                     COM       052769106     6,951    227,450 SH    SOLE                    227,450
AUTOMATIC DATA PROCESSING INC    COM       053015103     8,918    164,002 SH    SOLE                    164,002
AUTOZONE INC                     COM       053332102       821     29,300 SH    SOLE                     29,300
AVAYA INC                        COM       053499109       949     73,036 SH    SOLE                     73,036
AVERY DENNISON CORP              COM       053611109     1,483     28,500 SH    SOLE                     28,500
AVON PRODS INC                   COM       054303102     2,456     61,414 SH    SOLE                     61,414
BACKWEB TECHNOLOGIES, LTD.       ORD       M15633106       793    507,247 SH    SOLE                    507,247
BAKER HUGHES INC                 COM       057224107     3,113     85,730 SH    SOLE                     85,730

               FAIR MARKET VALUE                       238,595



BANK NEW YORK INC                COM       064057102     9,415    191,204 SH    SOLE                    191,204
BANK OF AMERICA CORP             COM       060505104    23,004    420,163 SH    SOLE                    420,163
BANK ONE CORP                    COM       06423A103    10,797    298,438 SH    SOLE                    298,438
BARD C R INC                     COM       067383109       595     13,100 SH    SOLE                     13,100
BARRICK GOLD CORP                COM       067901108     1,460    102,200 SH    SOLE                    102,200
BAUSCH & LOMB INC                COM       071707103       630     13,800 SH    SOLE                     13,800
BAXTER INTL INC                  COM       071813109     7,152     75,970 SH    SOLE                     75,970
BB&T CORP                        COM       054937107     3,647    103,700 SH    SOLE                    103,700
BE, INC.                         COM       073309106     1,779  1,538,462 SH    SOLE                  1,538,462
BEAR STEARNS COS INC             COM       073902108     1,261     27,561 SH    SOLE                     27,561
BECTON DICKINSON & CO            COM       075887109     2,338     66,200 SH    SOLE                     66,200
BED BATH & BEYOND INC            COM       075896100     1,813     73,800 SH    SOLE                     73,800
BELLSOUTH CORP                   COM       079860102    19,783    483,444 SH    SOLE                    483,444
BEMIS INC                        COM       081437105       457     13,800 SH    SOLE                     13,800
BEST BUY INC                     COM       086516101     1,931     53,700 SH    SOLE                     53,700
BIOGEN INC                       COM       090597105     2,419     38,200 SH    SOLE                     38,200
BIOMET INC                       COM       090613100     1,820     46,200 SH    SOLE                     46,200
BLACK & DECKER CORP              COM       091797100       764     20,800 SH    SOLE                     20,800
BLOCK H & R INC                  COM       093671105     1,176     23,500 SH    SOLE                     23,500
BMC SOFTWARE INC                 COM       055921100     1,352     62,900 SH    SOLE                     62,900
BOEING CO                        COM       097023105    11,998    215,361 SH    SOLE                    215,361
BOISE CASCADE CORP               COM       097383103       466     14,855 SH    SOLE                     14,855
BOSTON SCIENTIFIC CORP           COM       101137107     2,111    104,604 SH    SOLE                    104,604
BREAKAWAY SOLUTIONS, INC.        COM       106372105       423  1,231,222 SH    SOLE                  1,231,222
BRISTOL MYERS SQUIBB CO          COM       110122108    29,984    504,784 SH    SOLE                    504,784
BROADBASE SOFTWARE, INC.         COM       11130R100       969    462,166 SH    SOLE                    462,166
BROADVISION INC                  COM       111412102       371     69,500 SH    SOLE                     69,500
BROWN FORMAN CORP                CL B CONV 115637209     1,090     17,600 SH    SOLE                     17,600
BRUNSWICK CORP                   COM       117043109       442     22,500 SH    SOLE                     22,500
BURLINGTON NORTH SANTA FE CORP   COM       12189T104     3,077    101,273 SH    SOLE                    101,273

               FAIR MARKET VALUE                       144,524



BURLINGTON RES INC               COM       122014103     2,492     55,680 SH    SOLE                     55,680
CABLETRON SYS INC                COM       126920107       614     47,600 SH    SOLE                     47,600
CADENCE DESIGN SYSTEMS INC       COM       127387108       460     24,901 SH    SOLE                     24,901
CALPINE CORP                     COM       131347106     4,009     72,800 SH    SOLE                     72,800
CAMPBELL SOUP CO                 COM       134429109     3,241    108,500 SH    SOLE                    108,500
CAPITAL ONE FINL CORP            COM       14040H105     2,819     50,800 SH    SOLE                     50,800
CARDINAL HEALTH INC              COM       14149Y108     7,005     72,400 SH    SOLE                     72,400
CARNIVAL CORP                    COM       143658102     4,178    151,000 SH    SOLE                    151,000
CATERPILLAR INC                  COM       149123101     3,938     88,744 SH    SOLE                     88,744
CENDANT CORP                     COM       151313103     2,897    198,536 SH    SOLE                    198,536
CENTEX CORP                      COM       152312104       637     15,300 SH    SOLE                     15,300
CENTURYTEL INC                   COM       156700106     1,044     36,300 SH    SOLE                     36,300
CERIDIAN CORP                    COM       15677T106       697     37,652 SH    SOLE                     37,652
CHARTER ONE FINL INC             COM       160903100     1,519     53,660 SH    SOLE                     53,660
CHEVRON CORP                     COM       166751107    14,540    165,600 SH    SOLE                    165,600
CHIPPAC, INC.                    CL A      169657103    13,652  2,800,438 SH    SOLE                  2,800,438
CHIRON CORP                      COM       170040109     2,172     49,500 SH    SOLE                     49,500
CHUBB CORP                       COM       171232101     3,265     45,077 SH    SOLE                     45,077
CIGNA CORP                       COM       125509109     4,262     39,700 SH    SOLE                     39,700
CINCINNATI FINL CORP             COM       172062101     1,574     41,500 SH    SOLE                     41,500
CINERGY CORP                     COM       172474108     1,376     41,000 SH    SOLE                     41,000
CINTAS CORP                      COM       172908105     1,715     43,500 SH    SOLE                     43,500
CIRCUIT CITY GROUP               COM       172737108       563     53,100 SH    SOLE                     53,100
CISCO SYSTEMS INC                COM       17275R102    31,895  2,017,106 SH    SOLE                  2,017,106
CISCO SYSTEMS INC                COM       17275R102       175     11,048 SH    DEFINED                             11,048
CIT GROUP INC                    COM       125577106     1,952     67,600 SH    SOLE                     67,600
CITIGROUP INC                    COM       172967101    58,313  1,296,410 SH    SOLE                  1,296,410
CITIZENS COMMUNICATIONS CO       COM       17453B101       864     68,300 SH    SOLE                     68,300
CITRIX SYS INC                   COM       177376100     1,012     47,900 SH    SOLE                     47,900
CLEAR CHANNEL COMMUNICATIONS     COM       184502102     8,222    151,000 SH    SOLE                    151,000
CLOROX CO                        COM       189054109     1,915     60,900 SH    SOLE                     60,900
CMS ENERGY CORP                  COM       125896100     1,000     33,800 SH    SOLE                     33,800
COCA COLA CO                     COM       191216100    28,993    642,004 SH    SOLE                    642,004

               FAIR MARKET VALUE                       213,010



COCA COLA ENTERPRISES INC        COM       191219104     1,918    107,900 SH    SOLE                    107,900
COLGATE PALMOLIVE CO             COM       194162103     8,162    147,700 SH    SOLE                    147,700
COMCAST CORP                     CL A SPL  200300200    10,170    242,500 SH    SOLE                    242,500
COMERICA INC                     COM       200340107     2,815     45,767 SH    SOLE                     45,767
COMPAQ COMPUTER CORP             COM       204493100     7,935    436,000 SH    SOLE                    436,000
COMPUTER ASSOC INTL INC          COM       204912109     4,048    148,825 SH    SOLE                    148,825
COMPUTER SCIENCES CORP           COM       205363104     1,407     43,500 SH    SOLE                     43,500
COMPUWARE CORP                   COM       205638109       925     94,900 SH    SOLE                     94,900
COMVERSE TECHNOLOGY INC          COM   PAR 205862402     2,526     42,900 SH    SOLE                     42,900
                                 $0.10
CONAGRA FOODS INC                COM       205887102     2,528    138,614 SH    SOLE                    138,614
CONEXANT SYSTEMS INC             COM       207142100     1,681    188,054 SH    SOLE                    188,054
CONEXANT SYSTEMS, INC.           COM       207142100     7,132    798,008 SH    DEFINED                            798,008
CONVERA CORP                     COM       211919105   134,000 14,949,384 SH    SOLE                 14,949,384
CONOCO INC                       COM       208251405     4,545    160,900 SH    SOLE                    160,900
CONSECO INC                      COM       208464107     1,352     83,945 SH    SOLE                     83,945
CONSOLIDATED EDISON INC          COM       209115104     2,029     54,700 SH    SOLE                     54,700
CONSOLIDATED STORES CORP         COM       210149100       290     28,900 SH    SOLE                     28,900
CONSTELLATION ENGY GRP INC       COM       210371100     1,715     38,900 SH    SOLE                     38,900
CONVERGYS CORP                   COM       212485106     1,436     39,800 SH    SOLE                     39,800
COOPER INDS INC                  COM       216669101       806     24,100 SH    SOLE                     24,100
COOPER TIRE & RUBR CO            COM       216831107       213     18,800 SH    SOLE                     18,800
COPPER MOUNTAIN NETWORKS, INC.   COM       217510106     3,130    923,419 SH    SOLE                    923,419
CORNING INC                      COM       219350105     4,912    237,400 SH    SOLE                    237,400
COSTCO WHSL CORP                 COM       22160K105     4,537    115,600 SH    SOLE                    115,600
COUNTRYWIDE CR INDS INC          COM       222372104     1,481     30,000 SH    SOLE                     30,000
COVAD COMMUNICATIONS GROUP, INC. COM       222814204       111    327,651 SH    SOLE                    327,651
CRANE CO                         COM       224399105       406     15,600 SH    SOLE                     15,600
CROSSROADS SYS, INC.             COM       22765D100     8,303  1,476,147 SH    SOLE                  1,476,147
CROSSWORLDS SOFTWARE INC         COM       22769P109     1,146    333,333 SH    SOLE                    333,333
CSX CORP                         COM       126408103     1,854     55,000 SH    SOLE                     55,000
CUMMINS ENGINE INC               COM       231021106       402     10,700 SH    SOLE                     10,700
CVS CORP                         COM       126650100     5,919    101,200 SH    SOLE                    101,200
DANA CORP                        COM       235811106       656     38,210 SH    SOLE                     38,210

               FAIR MARKET VALUE                       230,490



DANAHER CORP                     COM       235851102     1,997     36,600 SH    SOLE                     36,600
DARDEN RESTAURANTS INC           COM       237194105       736     31,000 SH    SOLE                     31,000
DEERE & CO                       COM       244199105     2,202     60,600 SH    SOLE                     60,600
DELL COMPUTER CORP               COM       247025109    17,154    667,800 SH    SOLE                    667,800
DELPHI AUTOMOTIVE SYS CORP       COM       247126105     2,047    144,475 SH    SOLE                    144,475
DELTA AIR LINES INC              COM       247361108     1,252     31,700 SH    SOLE                     31,700
DELUXE CORP                      COM       248019101       445     18,800 SH    SOLE                     18,800
DEVON ENERGY CORP                COM       25179M103     1,926     33,100 SH    SOLE                     33,100
DIGITAL ISLAND INC DEL           COM       25385NAA9     1,121    618,556 SH    SOLE                    618,556
DILLARDS INC                     CL A      254067101       498     22,700 SH    SOLE                     22,700
DISNEY WALT CO                   COM       254687106    15,359    537,042 SH    SOLE                    537,042
DOLLAR GEN CORP                  COM       256669102     1,746     85,411 SH    SOLE                     85,411
DOMINION RES INC VA              COM       25746U109     3,977     61,684 SH    SOLE                     61,684
DONNELLEY R R & SONS CO          COM       257867101       826     31,500 SH    SOLE                     31,500
DOVER CORP                       COM       260003108     1,878     52,400 SH    SOLE                     52,400
DOW CHEM CO                      COM       260543103     7,304    231,359 SH    SOLE                    231,359
DOW JONES & CO INC               COM       260561105     1,183     22,600 SH    SOLE                     22,600
DTE ENERGY CO                    COM       233331107     1,465     36,800 SH    SOLE                     36,800
DU PONT E I DE NEMOURS & CO      COM       263534109    10,956    269,194 SH    SOLE                    269,194
DUKE ENERGY CORP                 COM       264399106     8,458    197,894 SH    SOLE                    197,894
DYNEGY INC                       CL A      26816Q101     4,244     83,200 SH    SOLE                     83,200
EASTMAN CHEM CO                  COM       277432100       977     19,846 SH    SOLE                     19,846
EASTMAN KODAK CO                 COM       277461109     3,089     77,431 SH    SOLE                     77,431
EATON CORP                       COM       278058102     1,206     17,600 SH    SOLE                     17,600
ECOLAB INC                       COM       278865100     1,387     32,700 SH    SOLE                     32,700
EDISON INTL                      COM       281020107     1,063     84,100 SH    SOLE                     84,100
EL SITIO INC                     ORD       630177102       309    260,000 SH    DEFINED                             260000
EL PASO CORP                     COM       28336L109     8,377    128,280 SH    SOLE                    128,280
ELECTRONIC DATA SYS CORP         COM       285661104     6,742    120,700 SH    SOLE                    120,700
EMC CORP MASS                    COM       268648102    16,605    564,806 SH    SOLE                    564,806
EMERSON ELEC CO                  COM       291011104     6,860    110,700 SH    SOLE                    110,700
EMULEX CORP                      COM NEW   292475209    12,374    657,733 SH    SOLE
ENGAGE, INC.                     COM       292827102        22     31,242 SH    SOLE                     31,242
ENGELHARD CORP                   COM       292845104       853     33,000 SH    SOLE                     33,000

               FAIR MARKET VALUE                       146,638



ENRON CORP                       COM       293561106    11,194    192,672 SH    SOLE                    192,672
ENTERGY CORP                     COM       29364G103     2,185     57,500 SH    SOLE                     57,500
EOG RES INC                      COM       26875P101     1,241     30,100 SH    SOLE                     30,100
EQUIFAX INC                      COM       294429105     1,144     36,600 SH    SOLE                     36,600
ESOFT, INC.                      COM       296904105       667    666,666 SH    SOLE                    666,666
ETOYS, INC.                      COM       297862104       335  3,568,300 SH    SOLE                  3,568,300
EVOKE COMMUNICATIONS INC         COM NEW   30048Q202     3,476  2,444,445 SH    SOLE                  2,444,445
EXELON CORP                      COM       30161N101     5,391     82,187 SH    SOLE                     82,187
EXXON MOBIL CORP                 COM       30231G102    72,678    897,259 SH    SOLE                    897,259
FANNIE MAE                       COM       313586109    20,696    260,000 SH    SOLE                    260,000
FEDERATED DEPT STORES INC        COM       31410H101     2,132     51,302 SH    SOLE                     51,302
FEDEX CORP                       COM       31428X106     3,190     76,540 SH    SOLE                     76,540
FIFTH THIRD BANCORP              COM       316773100     6,424    120,215 SH    SOLE                    120,215
FIRST DATA CORP                  COM       319963104     6,090    102,000 SH    SOLE                    102,000
FIRST UN CORP                    COM       337358105     8,343    252,806 SH    SOLE                    252,806
FIRSTENERGY CORP                 COM       337932107     1,625     58,200 SH    SOLE                     58,200
FLEET BOSTON FINL CORP           COM       339030108    10,552    279,521 SH    SOLE                    279,521
FLUOR CORP                       COM       343412102       850     19,100 SH    SOLE                     19,100
FORD MTR CO                      COM   PAR 345370860    13,457    478,543 SH    SOLE                    478,543
                                 $0.01
FOREST LABS INC                  CL A      345838106     2,695     45,500 SH    SOLE                     45,500
FORTUNE BRANDS INC               COM       349631101     1,372     39,876 SH    SOLE                     39,876
FPL GROUP INC                    COM       302571104     2,797     45,635 SH    SOLE                     45,635
FRANKLIN RES INC                 COM       354613101     2,464     63,000 SH    SOLE                     63,000
FREDDIE MAC CORP                 COM       313400301    11,633    179,432 SH    SOLE                    179,432
FREEPORT MCMORAN COPPER & GOLD   CL A      35671D857       501     38,380 SH    SOLE                     38,380
GANNETT INC                      COM       364730101     4,067     68,100 SH    SOLE                     68,100
GAP INC                          COM       364760108     5,201    219,274 SH    SOLE                    219,274
GATEWAY INC                      COM       367626108     1,400     83,300 SH    SOLE                     83,300
GENERAL DYNAMICS CORP            COM       369550108     3,225     51,400 SH    SOLE                     51,400
GENERAL ELEC CO                  COM       369604103   107,069  2,557,780 SH    SOLE                  2,557,780
GENERAL MLS INC                  COM       370334104     3,153     73,300 SH    SOLE                     73,300
GENERAL MTRS CORP                COM       370442105     7,340    141,570 SH    SOLE                    141,570

               FAIR MARKET VALUE                       324,587



GENUINE PARTS CO                 COM       372460105     1,157     44,650 SH    SOLE                     44,650
GEORGIA PAC CORP                 COM       373298108     1,714     58,306 SH    SOLE                     58,306
GILAT COMMUNICATIONS LTD         ORD       M50876107       223    148,817 SH    SOLE                    148,817
GILLETTE CO                      COM       375766102     8,475    271,900 SH    SOLE                    271,900
GLOBAL CROSSING LTD              COM       G3921A100     3,084    228,595 SH    SOLE                    228,595
GLOBAL SPORTS INC                COM       37937A107       410    131,144 SH    SOLE                    131,144
GLOBESPAN, INC.                  COM       379571102       295     13,466 SH    DEFINED                             13,466
GOLDEN WEST FINL CORP            COM       381317106     2,648     40,800 SH    SOLE                     40,800
GOODRICH B F CO                  COM       382388106     1,017     26,500 SH    SOLE                     26,500
GOODYEAR TIRE & RUBR CO          COM       382550101       975     40,900 SH    SOLE                     40,900
GPU INC                          COM       36225X100     1,020     31,400 SH    SOLE                     31,400
GRAINGER W W INC                 COM       384802104       819     24,200 SH    SOLE                     24,200
GREAT LAKES CHEM CORP            COM       390568103       400     13,000 SH    SOLE                     13,000
GUIDANT CORP                     COM       401698105     3,577     79,500 SH    SOLE                     79,500
HALLIBURTON CO                   COM       406216101     4,195    114,150 SH    SOLE                    114,150
HARCOURT GEN INC                 COM       41163G101     1,052     18,900 SH    SOLE                     18,900
HARLEY DAVIDSON INC              COM       412822108     2,968     78,200 SH    SOLE                     78,200
HARRAHS ENTMT INC                COM       413619107       887     30,150 SH    SOLE                     30,150
HARTFORD FINL SVCS GROUP INC     COM       416515104     3,595     60,936 SH    SOLE                     60,936
HASBRO INC                       COM       418056107       575     44,550 SH    SOLE                     44,550
HCA HEALTHCARE CO                COM       404119109     5,745    142,650 SH    SOLE                    142,650
HEALTHSOUTH CORP                 COM       421924101     1,285     99,700 SH    SOLE                     99,700
HEARME                           COM       421903105       227    454,461 SH    SOLE                    454,461
HEINZ H J CO                     COM       423074103     3,610     89,800 SH    SOLE                     89,800
HERCULES INC                     COM       427056106       360     27,704 SH    SOLE                     27,704
HERSHEY FOODS CORP               COM       427866108     2,433     35,100 SH    SOLE                     35,100
HEWLETT PACKARD CO               COM       428236103    15,600    498,876 SH    SOLE                    498,876
HILTON HOTELS CORP               COM       432848109       995     95,200 SH    SOLE                     95,200
HOME DEPOT INC                   COM       437076102    25,767    597,850 SH    SOLE                    597,850
HOMESTAKE MNG CO                 COM       437614100       358     68,004 SH    SOLE                     68,004
HONEYWELL INTL INC               COM       438516106     8,398    205,844 SH    SOLE                    205,844

               FAIR MARKET VALUE                       103,864



HOUSEHOLD INTL INC               COM       441815107     7,201    121,548 SH    SOLE                    121,548
HUMANA INC                       COM       444859102       458     43,700 SH    SOLE                     43,700
HUNTINGTON BANCSHARES INC        COM       446150104       922     64,722 SH    SOLE                     64,722
I3 MOBILE, INC.                  COM       465713105       304    324,500 SH    SOLE                    324,500
IBEAM BROADCASTING CORP.         COM       45073P101    10,072 10,396,810 SH    SOLE                 10,396,810
IBM CORP                         COM       459200101    43,550    452,796 SH    SOLE                    452,796
ILLINOIS TOOL WKS INC            COM       452308109     4,434     78,000 SH    SOLE                     78,000
IMPSAT FIBER NETWORKS, INC.      COM       45321T103       551    588,200 SH    SOLE                    588,200
IMS HEALTH INC                   COM       449934108     1,887     75,800 SH    SOLE                     75,800
INCO LTD                         COM       453258402       696     46,942 SH    SOLE                     46,942
INFOINTERACTIVE                  ORD       456918101     2,061  1,803,922 SH    SOLE                  1,803,922
INFOSPACE, INC.                  COM       45678T102       469    211,201 SH    SOLE                    211,201
INGERSOLL RAND CO                COM       456866102     1,646     41,450 SH    SOLE                     41,450
INTEGRATED CIRCUIT SYSTEMS, INC. COM       45811K208    88,120  5,507,473 SH    SOLE                  5,507,473
INTEL CORP                       COM       458140100    40,360  1,533,872 SH    SOLE                  1,533,872
INTEGRATED TELECOM EXPRESS INC   COM       45817U101     3,125  1,428,571 SH    SOLE                  1,428,571
INTERACTIVE INTELLIGENCE, INC.   COM       45839M103     8,625    600,000 SH    DEFINED                            600,000
INTERNATIONAL PAPER CO           COM       460146103     4,483    124,265 SH    SOLE                    124,265
INTERNET PICTURES CORP.          COM       46059S101       188  1,205,440 SH    SOLE                  1,205,440
INTERPUBLIC GROUP COS INC        COM       460690100     2,731     79,500 SH    SOLE                     79,500
INTERTRUST TECHNOLOGIES CORP     COM       46113Q109     3,936    874,718 SH                DEFINED                874,718
INTL FLAVORS & FRAGRANCES INC    COM       459506101       557     25,243 SH    SOLE                     25,243
INTUIT                           COM       461202103     1,482     53,400 SH    SOLE                     53,400
IONA TECHNOLOGIES, PLC           SPONSORED 46206P109     2,833     85,838 SH                DEFINED                 85,838
                                 ADR
ITT INDS INC IND                 COM       450911102       879     22,685 SH    SOLE                     22,685
ITXC CORP.                       COM       45069F109    17,156  3,000,000 SH    SOLE                  3,000,000
J P MORGAN CHASE & CO            COM       46625H100    22,049    491,077 SH    SOLE                    491,077
JABIL CIRCUIT INC                COM       466313103     1,064     49,200 SH    SOLE                     49,200
JDS UNIPHASE CORP                COM       46612J101    16,230    880,245 SH    SOLE                    880,245
JEFFERSON PILOT CORP             COM       475070108     1,811     26,675 SH    SOLE                     26,675
JOHNSON & JOHNSON                COM       478160104    31,392    358,888 SH    SOLE                    358,888
JOHNSON CTLS INC                 COM       478366107     1,387     22,200 SH    SOLE                     22,200

               FAIR MARKET VALUE                       322,659



JUNO ONLINE SERVICES             COM       482048105       877    779,900 SH    SOLE                    779,900
K MART CORP                      COM       482584109     1,173    124,773 SH    SOLE                    124,773
KB HOME                          COM       48666K109       371     11,374 SH    SOLE                     11,374
KELLOGG CO                       COM       487836108     2,829    104,678 SH    SOLE                    104,678
KERR MCGEE CORP                  COM       492386107     1,581     24,367 SH    SOLE                     24,367
KEYCORP                          COM       493267108     2,835    109,882 SH    SOLE                    109,882
KEYSPAN CORP                     COM       49337W100     1,327     34,800 SH    SOLE                     34,800
KIMBERLY CLARK CORP              COM       494368103     9,347    137,800 SH    SOLE                    137,800
KINDER MORGAN INC KANS           COM       49455P101     1,575     29,600 SH    SOLE                     29,600
KING PHARMACEUTICALS INC         COM       495582108     1,773     43,500 SH    SOLE                     43,500
KLA TENCOR CORP                  COM       482480100     1,874     47,600 SH    SOLE                     47,600
KNIGHT RIDDER INC                COM       499040103     1,020     19,000 SH    SOLE                     19,000
KOHLS CORP                       COM       500255104     5,281     85,600 SH    SOLE                     85,600
KROGER CO                        COM       501044101     5,449    211,300 SH    SOLE                    211,300
LASTMINUTE.COM PLC               SPONSORED 518129101     3,556  1,103,542 SH    SOLE                  1,103,542
                                 ADR
LAUNCH MEDIA, INC.               COM       518567102     1,617    892,225 SH    SOLE                    892,225
LEGGETT & PLATT INC              COM       524660107       973     50,600 SH    SOLE                     50,600
LEHMAN BROS HLDGS INC            COM       524908100     4,050     64,600 SH    SOLE                     64,600
LEXMARK INTERNATIONAL INC        COM       529771107     1,498     32,900 SH    SOLE                     32,900
LILLY ELI & CO                   COM       532457108    22,306    290,970 SH    SOLE                    290,970
LIMITED INC                      COM       532716107     1,727    109,866 SH    SOLE                    109,866
LINCOLN NATL CORP IND            COM       534187109     2,102     49,500 SH    SOLE                     49,500
LINEAR TECHNOLOGY CORP           COM       535678106     3,355     81,700 SH    SOLE                     81,700
LIQUID AUDIO, INC.               COM       53631T102     6,132  2,515,708 SH    SOLE                  2,515,708
LIZ CLAIBORNE INC                COM       539320101       630     13,400 SH    SOLE                     13,400
LOCKHEED MARTIN CORP             COM       539830109     3,962    111,144 SH    SOLE                    111,144
LOEWS CORP                       COM       540424108     3,024     50,900 SH    SOLE                     50,900
LOUDEYE TECHNOLOGIES INC         COM       545754103       589    784,929 SH    SOLE                    784,929
LOUISIANA PAC CORP               COM       546347105       259     26,900 SH    SOLE                     26,900
LOWES COS INC                    COM       548661107     5,775     98,800 SH    SOLE                     98,800
LSI LOGIC CORP                   COM       502161102     1,296     82,380 SH    SOLE                     82,380
LUCENT TECHNOLOGIES INC          COM       549463107     8,760    878,646 SH    SOLE                    878,646

               FAIR MARKET VALUE                       108,923



MADGE NETWORKS, INC.             COM       N5424G106        44     38,448 SH    SOLE                     38,448
MANOR CARE INC                   COM       564055101       541     26,500 SH    SOLE                     26,500
MARRIOTT INTL INC                CL A      571903202     2,555     62,034 SH    SOLE                     62,034
MARSH & MCLENNAN COS INC         COM       571748102     6,755     71,079 SH    SOLE                     71,079
MARVELL TECHNOLOGY GROUP LTD     ORD       O5876H105    11,135    923,076 SH    SOLE                    923,076
MASCO CORP                       COM       574599106     2,781    115,200 SH    SOLE                    115,200
MATTEL INC                       COM       577081102     1,955    110,216 SH    SOLE                    110,216
MAXIM INTEGRATED PRODS INC       COM       57772K101     3,040     73,100 SH    SOLE                     73,100
MAY DEPT STORES CO               COM       577778103     2,728     76,900 SH    SOLE                     76,900
MAYTAG CORP                      COM       578592107       641     19,873 SH    SOLE                     19,873
MBIA INC                         COM       55262C100     2,049     25,400 SH    SOLE                     25,400
MBNA CORP                        COM       55262L100     7,280    219,930 SH    SOLE                    219,930
MCDERMOTT INTL INC               COM       580037109       197     15,600 SH    SOLE                     15,600
MCDONALDS CORP                   COM       580135101     8,985    338,428 SH    SOLE                    338,428
MCGRAW HILL COS INC              COM       580645109     3,013     50,516 SH    SOLE                     50,516
MCKESSON HBOC INC                COM       58155Q103     1,967     73,538 SH    SOLE                     73,538
MEAD CORP                        COM       582834107       642     25,600 SH    SOLE                     25,600
MEDIMMUNE INC                    COM       584699102     1,962     54,700 SH    SOLE                     54,700
MEDTRONIC INC                    COM       585055106    14,185    310,112 SH    SOLE                    310,112
MELLON FINL CORP                 COM       58551A108     5,104    125,960 SH    SOLE                    125,960
MERCK & CO INC                   COM       589331107    45,188    595,358 SH    SOLE                    595,358
MERCURY INTERACTIVE CORP         COM       589405109       875     20,900 SH    SOLE                     20,900
MEREDITH CORP                    COM       589433101       450     12,900 SH    SOLE                     12,900
MERRILL LYNCH & CO INC           COM       590188108    11,550    208,488 SH    SOLE                    208,488
METLIFE INC                      COM       59156R108     5,923    197,100 SH    SOLE                    197,100
MGIC INVT CORP WIS               COM       552848103     1,882     27,500 SH    SOLE                     27,500
MICRON TECHNOLOGY INC            COM       595112103     6,358    153,100 SH    SOLE                    153,100
MICROSOFT CORP                   COM       594918104    75,321  1,377,300 SH    SOLE                  1,377,300
MICROTEST INC                    COM       594971106       116     44,074 SH    SOLE                     44,074
MILLIPORE CORP                   COM       601073109       550     11,900 SH    SOLE                     11,900
MINNESOTA MNG & MFG CO           COM       604059105    10,619    102,200 SH    SOLE                    102,200
MOLEX INC                        COM       608554101     1,782     50,500 SH    SOLE                     50,500
MOODYS CORP                      COM       615369105     1,155     41,900 SH    SOLE                     41,900

               FAIR MARKET VALUE                       239,328



MORGAN STANLEY DEAN WTTER & CO   COM       617446448    15,427    288,358 SH    SOLE                    288,358
MOTOROLA INC                     COM       620076109     8,041    563,905 SH    SOLE                    563,905
MYPOINTS.COM, INC.               COM       62855T102       171    273,933 SH    SOLE                    273,933
NABORS INDS INC                  COM       629568106     1,970     38,000 SH    SOLE                     38,000
NATIONAL CITY CORP               COM       635405103     4,206    157,226 SH    SOLE                    157,226
NATIONAL SEMICONDUCTOR CORP      COM       637640103     1,204     45,000 SH    SOLE                     45,000
NATIONAL SVC INDS INC            COM       637657107       249     10,600 SH    SOLE                     10,600
NATURAL MICROSYSTEMS CORP.       COM       638882100     1,274    143,508 SH    DEFINED                            143,508
NAVISTAR INTL CORP               COM       63934E108       348     15,260 SH    SOLE                     15,260
NBC INTERNET, INC.               CL A      62873D105       821    571,108 SH    SOLE                    571,108
NCR CORP                         COM       62886E108       968     24,800 SH    SOLE                     24,800
NETWORK APPLIANCE INC            COM       64120L104     1,394     82,900 SH    SOLE                     82,900
NEW YORK TIMES CO                CL A      650111107     1,713     41,800 SH    SOLE                     41,800
NEWELL RUBBERMAID INC            COM       651229106     1,823     68,806 SH    SOLE                     68,806
NEWMONT MINING CORP              COM       651639106       800     49,614 SH    SOLE                     49,614
NEXTEL COMMUNICATIONS INC        CL A      65332V103     2,828    196,700 SH    SOLE                    196,700
NIAGARA MOHAWK HLDGS INC         COM       653520106       700     41,400 SH    SOLE                     41,400
NICOR INC                        COM       654086107       440     11,800 SH    SOLE                     11,800
NIKE INC                         COM       654106103     2,822     69,600 SH    SOLE                     69,600
NISOURCE INC                     COM       65473P105     1,637     52,600 SH    SOLE                     52,600
NOBLE DRILLING CORP              COM       655042109     1,602     34,700 SH    SOLE                     34,700
NORDSTROM INC WASH               COM       655664100       563     34,600 SH    SOLE                     34,600
NORFOLK SOUTHN CORP              COM       655844108     1,661     99,224 SH    SOLE                     99,224
NORTEL NETWORKS CORP             COM       656568102    11,540    821,336 SH    SOLE                    821,336
NORTHERN TR CORP                 COM       665859104     3,581     57,300 SH    SOLE                     57,300
NORTHROP GRUMMAN CORP            COM       666807102     1,628     18,709 SH    SOLE                     18,709
NOVA MEASURING INSTRUMENTS, LTD. COM       M7516K103     7,150  1,299,948 SH    SOLE                  1,299,948
NOVATEL WIRELESS, INC.           COM       66987M109       897    434,782 SH    SOLE                    434,782
NOVELL INC                       COM       670006105       410     81,995 SH    SOLE                     81,995
NOVELLUS SYS INC                 COM       670008101     1,472     36,300 SH    SOLE                     36,300
NUANCE COMMUNICATIONS CORP.      COM       669967101     2,586    257,589 SH    SOLE                    257,589

               FAIR MARKET VALUE                        81,926



NUCOR CORP                       COM       670346105       805     20,100 SH    SOLE                     20,100
NUMERICAL TECHNOLOGIES, INC.     COM       67053T101     5,284    535,100 SH    SOLE                    535,100
OCCIDENTAL PETE CORP             COM       674599105     2,361     95,400 SH    SOLE                     95,400
OFFICE DEPOT INC                 COM       676220106       674     77,000 SH    SOLE                     77,000
OLD KENT FINL CORP               COM       679833103     1,359     35,755 SH    SOLE                     35,755
OMNICOM GROUP INC                COM       681919106     3,788     45,700 SH    SOLE                     45,700
OPENWAVE SYSTEMS INC.            COM       71920Q100     4,502    226,924 SH    SOLE                    226,924
OPENWAVE SYSTEMS INC.            COM       71920Q100       202     10,181 SH    DEFINED                             10,181
ORACLE CORPORATION               COM       68389X105    21,601  1,441,984 SH    SOLE                  1,441,984
PACCAR INC                       COM       693718108       887     19,800 SH    SOLE                     19,800
PACTIV CORP                      COM       695257105       496     40,830 SH    SOLE                     40,830
PALL CORP                        COM       696429307       693     31,600 SH    SOLE                     31,600
PALM INC                         COM       696642107     1,230    146,267 SH    SOLE                    146,267
PANJA, INC.                      COM       698493103     1,217    423,212 SH    SOLE                    423,212
PARAMETRIC TECHNOLOGY CORP       COM       699173100       623     68,700 SH    SOLE                     68,700
PARKER HANNIFIN CORP             COM       701094104     1,198     30,150 SH    SOLE                     30,150
PAYCHEX INC                      COM       704326107     3,568     96,275 SH    SOLE                     96,275
PENNEY J C INC                   COM       708160106     1,082     67,678 SH    SOLE                     67,678
PEOPLESOFT INC                   COM       712713106     1,727     73,700 SH    SOLE                     73,700
PEPSICO INC                      COM       713448108    16,377    372,622 SH    SOLE                    372,622
PERKINELMER INC                  COM       714046109       674     12,848 SH    SOLE                     12,848
PERSISTENCE SOFTWARE, INC.       COM       715329108       651    651,048 SH    SOLE                    651,048
PFIZER INC COM STK USD0.05       COM       717081103    66,690  1,628,570 SH    SOLE                  1,628,570
PG&E CORP                        COM       69331C108     1,237     99,898 SH    SOLE                     99,898
PHARMACIA CORP                   COM       71713U102    16,770    332,929 SH    SOLE                    332,929
PHELPS DODGE CORP                COM       717265102       816     20,318 SH    SOLE                     20,318
PHILIP MORRIS COS INC            COM       718154107    27,237    574,009 SH    SOLE                    574,009
PHILLIPS PETE CO                 COM       718507106     3,628     65,900 SH    SOLE                     65,900
PICTURETEL CORPORATION           COM       720035302    10,450  3,800,000 SH    SOLE                  3,800,000
PINNACLE SYSTEMS                 COM       723481107       875    103,742 SH    SOLE                    103,742
PINNACLE WEST CAP CORP           COM       723484101     1,000     21,800 SH    SOLE                     21,800

               FAIR MARKET VALUE                       199,702



PITNEY BOWES INC                 COM       724479100     2,262     65,100 SH    SOLE                     65,100
PIXELWORKS INC.                  COM       72581M107     2,942    294,236 SH    SOLE                    294,236
PLACER DOME INC                  COM       725906101       732     84,600 SH    SOLE                     84,600
PNC FINANCIAL SERVICES GROUP     COM       693475105     5,068     74,800 SH    SOLE                     74,800
POWER-ONE INC                    COM       739308104       293     20,200 SH    SOLE                     20,200
PPG INDS INC                     COM       693506107     2,004     43,472 SH    SOLE                     43,472
PPL CORP                         COM       69351T106     1,649     37,500 SH    SOLE                     37,500
PRAXAIR INC                      COM       74005P104     1,830     40,978 SH    SOLE                     40,978
PREVIEW SYSTEMS, INC.            COM       741379101       766    281,599 SH    SOLE                    281,599
PRICE T ROWE GROUP INC           COM       74144T108       980     31,300 SH    SOLE                     31,300
PROCTER & GAMBLE CO              COM       742718109    21,008    335,590 SH    SOLE                    335,590
PROGRESS ENERGY INC              COM       743263105     2,286     53,076 SH    SOLE                     53,076
PROGRESSIVE CORP OHIO            COM       743315103     1,844     19,000 SH    SOLE                     19,000
PROVIDIAN FINL CORP              COM       74406A102     3,620     73,800 SH    SOLE                     73,800
PROXICOM, INC.                   COM       744282104        73     25,000 SH    SOLE                     25,000
PROXIM, INC.                     COM       744284100     6,440    640,000 SH    SOLE                    640,000
PUBLIC SVC ENTERPRISE GROUP      INC COM   744573106     2,389     55,344 SH    SOLE                     55,344
PULTTE CORP                      COM       745867101       424     10,500 SH    SOLE                     10,500
QLOGIC CORP                      COM       747277101     3,859    171,500 SH    SOLE                    171,500
QUAKER OATS CO                   COM       747402105     3,338     34,100 SH    SOLE                     34,100
QUALCOMM INC                     COM       747525103    11,014    194,500 SH    SOLE                    194,500
QUINTILES TRANSNATIONAL CORP     COM       748767100       562     29,800 SH    SOLE                     29,800
QUOKKA SPORTS, INC.              COM       749077103       262  4,184,638 SH    SOLE                  4,184,638
QWEST COMMUNICATIONS INTL INC    COM       749121109    14,983    427,487 SH    SOLE                    427,487
RADIO SHACK CORP                 COM       750438103     1,761     48,000 SH    SOLE                     48,000
RADISYS CORP.                    COM       750459109    24,493  1,440,779 SH    SOLE                  1,440,779
RALSTON PURINA CO-RALSTON        COM  RAL- 751277302     2,489     79,900 SH    SOLE                     79,900
                                 PUR GP
RAVISENT TECHNOLOGIES, INC.      COM       754440105     1,099    549,650 SH    SOLE                    549,650
RAYTHEON CO                      CL B      755111408     2,587     88,056 SH    SOLE                     88,056
RED HAT SOFTWARE, INC.           COM       756577102    38,452  6,313,995 SH    SOLE                  6,313,995

               FAIR MARKET VALUE                       161,509



REEBOK INTL LTD                  COM       758110100       368     14,800 SH    SOLE                     14,800
REGIONS FINL CORP                COM       758940100     1,627     57,200 SH    SOLE                     57,200
RELIANT ENERGY INC               COM       75952J108     3,441     76,045 SH    SOLE                     76,045
RESEARCH IN MOTION LIMITED       COM       760975102    15,292    696,058 SH    SOLE                    696,058
ROBERT HALF INTL INC             COM       770323103     1,024     45,800 SH    SOLE                     45,800
ROCKWELL INTL CORP               COM       773903109     1,712     47,100 SH    SOLE                     47,100
ROGUE WAVE SOFTWARE, INC.        COM       775369101       500    122,841 SH    OTHER*                             122,841
ROHM & HAAS CO                   COM       775371107     1,747     56,705 SH    SOLE                     56,705
ROWAN COS INC                    COM       779382100       668     24,300 SH    SOLE                     24,300
ROYAL DUTCH PETE CO N Y          REGISTRY  780257804    30,560    551,220 SH    SOLE                    551,220
                                 SH PAR  N
                                 GLDR 1.25
RYDER SYS INC                    COM       783549108       279     15,500 SH    SOLE                     15,500
SABRE GROUP HLDGS INC            CL A      785905100     1,573     34,063 SH    SOLE                     34,063
SAFECO CORP                      COM       786429100       930     33,000 SH    SOLE                     33,000
SAFEWAY INC                      COM       786514208     7,136    129,400 SH    SOLE                    129,400
SANMINA CORP                     COM       800907107     1,547     79,100 SH    SOLE                     79,100
SAPIENT CORP                     COM       803062108       225     31,300 SH    SOLE                     31,300
SARA LEE CORP                    COM       803111103     4,607    213,500 SH    SOLE                    213,500
SBC COMMUNICATIONS INC           COM       78387G103    38,996    873,756 SH    SOLE                    873,756
SCHERING PLOUGH CORP             COM       806605101    13,784    377,340 SH    SOLE                    377,340
SCHLUMBERGER LTD                 COM       806857108     8,515    147,800 SH    SOLE                    147,800
SCHWAB CHARLES CORP              COM       808513105     5,507    357,150 SH    SOLE                    357,150
SCIENTIFIC ATLANTA INC           COM       808655104     1,734     41,700 SH    SOLE                     41,700
SEALED AIR CORP                  COM       81211K100       719     21,562 SH    SOLE                     21,562
SEARS ROEBUCK & CO               COM       812387108     3,044     86,300 SH    SOLE                     86,300
SELECTICA, INC.                  COM       816288104       296     57,000 SH    SOLE                     57,000
SELECTICA, INC.                  COM       816288104     1,304    250,860 SH    DEFINED                            250,860
SELECTICA, INC.                  COM       816288104       248     47,770 SH    OTHER*      1                       47,770
SELECTICA, INC.                  COM       816288104       658    126,592 SH    OTHER*      2                       126592
SELECTICA, INC.                  COM       816288104     1,987    382,164 SH    OTHER*                             382,164
SEMPRA ENERGY                    COM       816851109     1,229     52,772 SH    SOLE                     52,772
SHERWIN WILLIAMS CO              COM       824348106     1,057     41,500 SH    SOLE                     41,500

               FAIR MARKET VALUE                       152,314



SIEBEL SYS INC                   COM       826170102     3,014    110,800 SH    SOLE                    110,800
SIGMA ALDRICH CORP               COM       826552101       953     19,900 SH    SOLE                     19,900
SIGNALSOFT CORP                  COM       82668M102     3,991    506,757 SH    SOLE                    506,757
SILICON IMAGE INC                COM       82705T102     6,321  1,714,286 SH    SOLE                  1,714,286
SILICON VALLEY GROUP, INC.       COM       827066101    13,697    498,100 SH    SOLE                    498,100
SILVERSTREAM SOFTWARE, INC.      COM       827907106     2,851    301,054 SH    SOLE                    301,054
SILVERSTREAM SOFTWARE, INC.      COM       827907106       428     45,179 SH                DEFINED      45,179
SMARTERKIDS.COM, INC.            COM       83169C106     1,009  1,196,362 SH    SOLE                  1,196,362
SNAP ON INC                      COM       833034101       437     15,000 SH    SOLE                     15,000
SOHU.COM INC                     COM       83408W103     3,512  3,073,750 SH    SOLE                  3,073,750
SOLECTRON CORP                   COM       834182107     3,169    166,700 SH    SOLE                    166,700
SOUTHERN CO                      COM       842587107     6,123    174,500 SH    SOLE                    174,500
SOUTHTRUST CORP                  COM       844730101     1,999     43,700 SH    SOLE                     43,700
SOUTHWEST AIRLS CO               COM       844741108     3,472    195,614 SH    SOLE                    195,614
SPEECHWORKS INTERNATIONAL, INC.  COM       84764M101       174     26,587 SH    OTHER*      1                       26,587
SPEECHWORKS INTERNATIONAL, INC.  COM       84764M101       462     70,455 SH    OTHER*      2                       70,455
SPEECHWORKS INTERNATIONAL, INC.  COM       84764M101     1,850    281,882 SH    SOLE
SPEECHWORKS INTERNATIONAL, INC.  COM       84764M101     1,570    239,280 SH    OTHER*                             239,280
SPRINT CORP (FON GROUP)          COM   FON 852061100     5,020    228,296 SH    SOLE                    228,296
                                 GROUP
SPRINT CORP PCS COM SER 1        PCS   COM 852061506     4,572    240,648 SH    SOLE                    240,648
                                 SER 1
ST JUDE MED INC                  COM       790849103     1,184     21,988 SH    SOLE                     21,988
ST PAUL COS INC                  COM       792860108     2,478     56,246 SH    SOLE                     56,246
STANDARD MICROSYSTEMS CORP.      COM       853626109    23,234  1,542,506 SH    SOLE                  1,542,506
STAMPS.COM INC                   COM       852857101     1,489    496,274 SH    SOLE                    496,274
STANLEY WKS                      COM       854616109       733     22,240 SH    SOLE                     22,240
STAPLES INC                      COM       855030102     1,740    116,950 SH    SOLE                    116,950
STARBUCKS CORP                   COM       855244109     2,075     48,900 SH    SOLE                     48,900
STARWOOD HOTELS & RESORTS        COM       85590A203     1,694     49,800 SH    SOLE                     49,800
STATE STREET CORP                COM       857477103     3,895     41,700 SH    SOLE                     41,700
STILWELL FINL INC                COM       860831106     1,539     57,400 SH    SOLE                     57,400
STRYKER CORP                     COM       863667101     2,639     50,500 SH    SOLE                     50,500
STYLECLICK.COM, INC.             COM       864221106       400    376,218 SH    SOLE                    376,218
SUN MICROSYSTEMS INC             COM       866810104    12,933    841,464 SH    SOLE                    841,464
SUNOCO INC                       COM       86764P109       708     21,845 SH    SOLE                     21,845
SUNTRUST BKS INC                 COM       867914103     4,954     76,450 SH    SOLE                     76,450
SUPERVALU INC                    COM       868536103       456     34,200 SH    SOLE                     34,200

               FAIR MARKET VALUE                       126,775



SYMBOL TECHNOLOGIES INC          COM       871508107    75,284  2,157,134 SH    SOLE                  2,157,134
SYNOVUS FINL CORP                COM       87161C105     2,003     74,200 SH    SOLE                     74,200
SYSCO CORP                       COM       871829107     4,626    174,500 SH    SOLE                    174,500
TARGET CORP                      COM       87612E106     8,342    231,200 SH    SOLE                    231,200
TEKTRONIX INC                    COM       879131100       664     24,334 SH    SOLE                     24,334
TELLABS INC                      COM       879664100     4,313    106,000 SH    SOLE                    106,000
TEMPLE INLAND INC                COM       879868107       562     12,700 SH    SOLE                     12,700
TENET HEALTHCARE CORP            COM       88033G100     3,646     82,857 SH    SOLE                     82,857
TERADYNE INC                     COM       880770102     1,485     45,000 SH    SOLE                     45,000
TERAYON COMMUNICATION SYSTEMS    COM       880775101       403     88,428 SH    DEFINED                             88,428
TEXACO INC                       COM       881694103     9,429    142,000 SH    SOLE                    142,000
TEXAS INSTRS INC                 COM       882508104    13,870    447,700 SH    SOLE                    447,700
TEXTRON INC                      COM       883203101     2,086     36,700 SH    SOLE                     36,700
THERMO ELECTRON CORP             COM       883556102     1,045     46,500 SH    SOLE                     46,500
THESTREET.COM                    COM       88368Q103       460    147,059 SH    SOLE                    147,059
THOMAS & BETTS CORP              COM       884315102       260     15,000 SH    SOLE                     15,000
TIFFANY & CO                     COM       886547108     1,025     37,600 SH    SOLE                     37,600
TIMKEN CO                        COM       887389104       243     15,500 SH    SOLE                     15,500
TJX COS INC                      COM       872540109     2,310     72,200 SH    SOLE                     72,200
TORCHMARK CORP                   COM       891027104     1,266     32,600 SH    SOLE                     32,600
TOSCO CORP                       COM       891490302     1,599     37,400 SH    SOLE                     37,400
TOYS R US INC                    COM       892335100     1,278     50,900 SH    SOLE                     50,900
TRANSOCEAN SEDCO FOREX INC       COM       G90078109     3,541     81,686 SH    SOLE                     81,686
TRIBUNE CO                       COM       896047107     3,181     78,073 SH    SOLE                     78,073
TRICON GLOBAL RESTAURANTS INC    COM       895953107     1,445     37,832 SH    SOLE                     37,832
TRW INC                          COM       872649108     1,091     32,100 SH    SOLE                     32,100
TUPPERWARE CORP                  COM       899896104       354     14,850 SH    SOLE                     14,850
TUT SYSTEMS INC                  COM       901103101        97     31,085 SH    SOLE                     31,085
TXU CORP                         COM       873168108     2,753     66,617 SH    SOLE                     66,617
TYCO INTL LTD                    COM       902124106    19,555    452,344 SH    SOLE                    452,344
UNILEVER N V NEW YORK            N  Y  SHS 904784709     7,766    147,539 SH    SOLE                    147,539
                                 NEW
UNION PAC CORP                   COM       907818108     3,600     64,000 SH    SOLE                     64,000
UNION PLANTERS CORP TENN         COM       908068109     1,382     35,900 SH    SOLE                     35,900

               FAIR MARKET VALUE                       180,964



UNISYS CORP                      COM       909214108     1,140     81,400 SH    SOLE                     81,400
UNITED HEALTH GROUP INC          COM       91324P102     4,895     82,596 SH    SOLE                     82,596
UNITED TECHNOLOGIES CORP         COM       913017109     8,906    121,500 SH    SOLE                    121,500
UNIVISION COMMUNICATIONS INC     COM       914906102     2,034     53,300 SH    SOLE                     53,300
UNOCAL CORP                      COM       915289102     2,168     62,700 SH    SOLE                     62,700
UNUMPROVIDENT CORP               COM       91529Y106     1,817     62,176 SH    SOLE                     62,176
US AIRWAYS GROUP INC             COM       911905107       613     17,300 SH    SOLE                     17,300
US BANCORP                       COM       902973304    11,542    497,479 SH    SOLE                    497,479
USA ED INC                       COM       90390U102     3,080     42,400 SH    SOLE                     42,400
UST INC                          COM       902911106     1,265     42,093 SH    SOLE                     42,093
U.S. INTERACTIVE, INC.           COM       90334M109       141    250,000 SH    SOLE                    250,000
USX MARATHON GROUP               COM       902905827     2,159     80,100 SH    SOLE                     80,100
USX U S STL GROUP                COM       90337T101       338     23,000 SH    SOLE                     23,000
UTSTARCOM, INC.                  COM       918076100    10,228    615,210 SH    DEFINED     3                      615,210
V F CORP                         COM       918204108     1,026     29,300 SH    SOLE                     29,300
VALICERT, INC.                   COM       91915Q105     1,672    694,937 SH    SOLE                    694,937
VERITAS SOFTWARE CO              COM       923436109     4,877    105,480 SH    SOLE                    105,480
VERIZON COMMUNICATIONS           COM       92343V104    34,387    697,503 SH    SOLE                    697,503
VIACOM INC                       COM       925524308    19,798    450,270 SH    SOLE                    450,270
VISTEON CORP                     COM       92839U107       508     33,808 SH    SOLE                     33,808
VITESSE SEMICONDUCTOR CORP       COM       928497106     1,167     49,000 SH    SOLE                     49,000
VTEL CORP.                       COM       918333105     1,429  1,632,846 SH    SOLE                  1,632,846
VULCAN MATLS CO                  COM       929160109     1,218     26,000 SH    SOLE                     26,000
WACHOVIA CORP                    COM       929771103     3,260     54,100 SH    SOLE                     54,100
WAL MART STORES INC              COM       931142103    58,225  1,152,966 SH    SOLE                  1,152,966
WALGREEN CO                      COM       931422109    10,698    262,200 SH    SOLE                    262,200
WASHINGTON MUTUAL INC            COM       939322103     8,223    150,190 SH    SOLE                    150,190
WASTE MGMT INC                   COM       94106L109     3,964    160,471 SH    SOLE                    160,471
WATSON PHARMACEUTICALS INC       COM       942683103     1,394     26,500 SH    SOLE                     26,500
WEBMD CORP                       COM       94769M105     2,674    480,753 SH    SOLE                    480,753
WELLPOINT HEALTH NETWORK INC     COM       94973H108     1,534     16,100 SH    SOLE                     16,100
WELLS FARGO & CO                 COM       949746101    21,825    441,174 SH    SOLE                    441,174

               FAIR MARKET VALUE                       228,205


WENDYS INTL INC                  COM       950590109       654     29,285 SH    SOLE                     29,285
WESTVACO CORP                    COM       961548104       629     25,950 SH    SOLE                     25,950
WEYERHAEUSER CO                  COM       962166104     2,843     55,970 SH    SOLE                     55,970
WHIRLPOOL CORP                   COM       963320106       860     17,200 SH    SOLE                     17,200
WILLAMETTE INDS INC              COM       969133107     1,297     28,200 SH    SOLE                     28,200
WILLIAMS  COMMUNICATIONS  GROUP, CL A      969455104    83,026  9,225,093 SH    SOLE                  9,225,093
INC.
WILLIAMS COS INC                 COM       969457100     5,343    124,692 SH    SOLE                    124,692
WINDRIVER SYSTEMS INC            COM       973149107       299     12,843 SH    SOLE                     12,843
WINN DIXIE STORES INC            COM       974280109     1,030     36,300 SH    SOLE                     36,300
WORLDCOM INC GA                  COM       98157D106    13,888    743,168 SH    SOLE                    743,168
WORTHINGTON INDS INC             COM       981811102       206     22,100 SH    SOLE                     22,100
WRIGLEY WM JR CO                 COM       982526105     2,813     58,300 SH    SOLE                     58,300
XCEL ENERGY INC                  COM       98389B100     2,647     87,905 SH    SOLE                     87,905
XEROX CORP                       COM       984121103     1,032    172,300 SH    SOLE                    172,300
XILINX INC                       COM       983919101     4,720    134,388 SH    SOLE                     49,188
YAHOO INC                        COM       984332106     2,271    144,200 SH    SOLE                    144,200

               FAIR MARKET VALUE                       123,558

  FAIR MARKET VALUE GRAND TOTAL:                     3,460,392