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, 2003
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, 2003
-------------------
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: -0-
Form 13F Information Table Entry Total: 287
Form 13F Information Table Value Total: $254,551
*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.
NONE
3/31/03
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
3M CO COM 88579Y101 1,521 11,700 SH SOLE NONE 11,700
ABBOTT LABS COM 002824100 1,766 46,944 SH SOLE NONE 46,944
ACE LTD ORD G0070K103 229 7,900 SH SOLE NONE 7,900
A D C TELECOMMUNICATIONS COM 000886101 50 24,050 SH SOLE NONE 24,050
ADOBE SYS INC COM 00724F101 213 6,900 SH SOLE NONE 6,900
ADVANCED MICRO DEVICES INC COM 007903107 64 10,350 SH SOLE NONE 10,350
AES CORP COM 00130H105 59 16,350 SH SOLE NONE 16,350
AETNA INC NEW COM 00817Y108 224 4,539 SH SOLE NONE 4,539
AFLAC INC COM 001055102 498 15,550 SH SOLE NONE 15,550
AGILENT TECHNOLOGIES INC COM 00846U101 184 13,978 SH SOLE NONE 13,978
AIR PRODS & CHEMS INC COM 009158106 282 6,800 SH SOLE NONE 6,800
ALBERTSONS INC COM 013104104 215 11,401 SH SOLE NONE 11,401
ALCATEL SPON ADR 01373W106 275 39,942 SH SOLE NONE 39,942
CL O
ALCOA INC COM 013817101 491 25,352 SH SOLE NONE 25,352
ALLERGAN INC COM 018490102 266 3,900 SH SOLE NONE 3,900
ALLSTATE CORP COM 020002101 699 21,080 SH SOLE NONE 21,080
ALLTEL CORP COM 020039103 416 9,300 SH SOLE NONE 9,300
ALTERA CORP COM 021441100 156 11,500 SH SOLE NONE 11,500
ALTRIA GROUP INC COM 02209S103 1,862 62,149 SH SOLE NONE 62,149
AMERICAN ELEC PWR INC COM 025537101 267 11,682 SH SOLE NONE 11,682
AMERICAN EXPRESS CO COM 025816109 1,311 39,450 SH SOLE NONE 39,450
AMERICAN INTL GROUP INC COM 026874107 3,874 78,343 SH SOLE NONE 78,343
Page Fair Market Value 14,922
AMGEN INC COM 031162100 2,223 38,635 SH SOLE NONE 38,635
AMSOUTH BANCORPORATION COM 032165102 213 10,700 SH SOLE NONE 10,700
ANADARKO PETE CORP COM 032511107 341 7,493 SH SOLE NONE 7,493
ANALOG DEVICES INC COM 032654105 300 10,900 SH SOLE NONE 10,900
ANHEUSER BUSCH COS INC COM 035229103 1,198 25,700 SH SOLE NONE 25,700
ANTHEM INC COM 03674B104 278 4,200 SH SOLE NONE 4,200
AOL TIME WARNER INC COM 00184A105 1,458 134,295 SH SOLE NONE 134,295
APACHE CORP COM 037411105 296 4,794 SH SOLE NONE 4,794
APOLLO GROUP INC CL A 037604105 259 5,200 SH SOLE NONE 5,200
APPLE COMPUTER INC COM 037833100 153 10,800 SH SOLE NONE 10,800
APPLIED MATLS INC COM 038222105 624 49,600 SH SOLE NONE 49,600
ARCHER DANIELS MIDLAND CO COM 039483102 209 19,367 SH SOLE NONE 19,367
AT&T CORP COM NEW 001957505 375 23,121 SH SOLE NONE 23,121
AT&T WIRELESS SVCS INC COM 00209A106 537 81,325 SH SOLE NONE 81,325
AUTOMATIC DATA PROCESSING IN COM 053015103 554 18,002 SH SOLE NONE 18,002
AVAYA INC COM 053499109 23 11,221 SH SOLE NONE 11,221
AVON PRODS INC COM 054303102 406 7,114 SH SOLE NONE 7,114
BAKER HUGHES INC COM 057224107 304 10,160 SH SOLE NONE 10,160
Page Fair Market Value 9,751
BANK NEW YORK INC COM 064057102 472 23,040 SH SOLE NONE 23,040
BANK OF AMERICA CORPORATION COM 060505104 3,016 45,117 SH SOLE NONE 45,117
BANK ONE CORP COM 06423A103 1,210 34,962 SH SOLE NONE 34,962
BAXTER INTL INC COM 071813109 333 17,840 SH SOLE NONE 17,840
BB&T CORP COM 054937107 443 14,100 SH SOLE NONE 14,100
BECTON DICKINSON & CO COM 075887109 262 7,600 SH SOLE NONE 7,600
BED BATH & BEYOND INC COM 075896100 304 8,800 SH SOLE NONE 8,800
BELLSOUTH CORP COM 079860102 1,211 55,882 SH SOLE NONE 55,882
BEST BUY INC COM 086516101 262 9,700 SH SOLE NONE 9,700
BIOMET INC COM 090613100 238 7,750 SH SOLE NONE 7,750
BLOCK H & R INC COM 093671105 231 5,400 SH SOLE NONE 5,400
BOEING CO COM 097023105 632 25,215 SH SOLE NONE 25,215
BOSTON SCIENTIFIC CORP COM 101137107 501 12,292 SH SOLE NONE 12,292
BRISTOL MYERS SQUIBB CO COM 110122108 1,229 58,146 SH SOLE NONE 58,146
BURLINGTON NORTHN SANTA FE C COM 12189T104 281 11,267 SH SOLE NONE 11,267
BURLINGTON RES INC COM 122014103 290 6,072 SH SOLE NONE 6,072
Page Fair Market Value 10,915
CALPINE CORP COM 131347106 38 11,400 SH SOLE NONE 11,400
CAMPBELL SOUP CO COM 134429109 258 12,300 SH SOLE NONE 12,300
CAPITAL ONE FINL CORP COM 14040H105 201 6,700 SH SOLE NONE 6,700
CARDINAL HEALTH INC COM 14149Y108 772 13,550 SH SOLE NONE 13,550
CARNIVAL CORP COM 143658102 424 17,600 SH SOLE NONE 17,600
CATERPILLAR INC DEL COM 149123101 506 10,290 SH SOLE NONE 10,290
CENDANT CORP COM 151313103 393 30,981 SH SOLE NONE 30,981
CHEVRONTEXACO CORP COM 166764100 2,071 32,040 SH SOLE NONE 32,040
CHIRON CORP COM 170040109 210 5,600 SH SOLE NONE 5,600
CHUBB CORP COM 171232101 228 5,150 SH SOLE NONE 5,150
CIENA CORP COM 171779101 57 13,000 SH SOLE NONE 13,000
CISCO SYS INC COM COM 17275R102 2,898 223,231 SH SOLE NONE 223,231
CITIGROUP INC COM 172967101 5,319 154,393 SH SOLE NONE 154,393
CLEAR CHANNEL COMMUNICATIONS COM 184502102 624 18,400 SH SOLE NONE 18,400
CLOROX CO DEL COM 189054109 305 6,600 SH SOLE NONE 6,600
COCA COLA CO COM 191216100 3,012 74,408 SH SOLE NONE 74,408
COCA COLA ENTERPRISES INC COM 191219104 252 13,500 SH SOLE NONE 13,500
COLGATE PALMOLIVE CO COM 194162103 882 16,200 SH SOLE NONE 16,200
Page Fair Market Value 18,450
COMCAST CORP NEW CL A 20030N101 1,981 69,299 SH SOLE NONE 69,299
COMPUTER ASSOC INTL INC COM 204912109 236 17,250 SH SOLE NONE 17,250
COMPUWARE CORP COM 205638109 39 11,400 SH SOLE NONE 11,400
CONAGRA FOODS INC COM 205887102 323 16,100 SH SOLE NONE 16,100
CONCORD EFS INC COM 206197105 144 15,300 SH SOLE NONE 15,300
CONOCOPHILLIPS COM 20825C104 1,087 20,282 SH SOLE NONE 20,282
CONSOLIDATED EDISON INC COM 209115104 246 6,400 SH SOLE NONE 6,400
CORNING INC COM 219350105 211 36,050 SH SOLE NONE 36,050
COSTCO WHSL CORP NEW COM 22160K105 411 13,700 SH SOLE NONE 13,700
COUNTRYWIDE FINANCIAL CORP COM 222372104 219 3,800 SH SOLE NONE 3,800
CVS CORP COM 126650100 281 11,800 SH SOLE NONE 11,800
DANAHER CORP DEL COM 235851102 302 4,600 SH SOLE NONE 4,600
DEERE & CO COM 244199105 283 7,200 SH SOLE NONE 7,200
DELL COMPUTER CORP COM 247025109 2,115 77,450 SH SOLE NONE 77,450
DELPHI CORP COM 247126105 114 16,758 SH SOLE NONE 16,758
Page Fair Market Value 7,992
DEVON ENERGY CORP NEW COM 25179M103 227 4,700 SH SOLE NONE 4,700
DISNEY WALT CO COM 254687106 1,044 61,312 SH SOLE NONE 61,312
DISNEY
DOLLAR GEN CORP COM 256669102 122 10,018 SH SOLE NONE 10,018
DOMINION RES INC VA NEW COM 25746U109 509 9,184 SH SOLE NONE 9,184
DOW CHEM CO COM 260543103 756 27,393 SH SOLE NONE 27,393
DU PONT E I DE NEMOURS & CO COM 263534109 1,160 29,850 SH SOLE NONE 29,850
DUKE ENERGY CORP COM 264399106 389 26,746 SH SOLE NONE 26,746
DYNEGY INC NEW CL A 26816Q101 29 11,150 SH SOLE NONE 11,150
EASTMAN KODAK CO COM 277461109 259 8,750 SH SOLE NONE 8,750
EBAY INC COM 278642103 793 9,300 SH SOLE NONE 9,300
EL PASO CORP COM 28336L109 109 18,014 SH SOLE NONE 18,014
ELECTRONIC ARTS INC COM 285512109 252 4,300 SH SOLE NONE 4,300
ELECTRONIC DATA SYS NEW COM 285661104 252 14,300 SH SOLE NONE 14,300
E M C CORP MASS COM 268648102 478 66,104 SH SOLE NONE 66,104
EMERSON ELEC CO COM 291011104 574 12,650 SH SOLE NONE 12,650
ENTERGY CORP NEW COM 29364G103 323 6,700 SH SOLE NONE 6,700
EQUITY OFFICE PROPERTIES TRU COM 294741103 316 12,400 SH SOLE NONE 12,400
Page Fair Market Value 7,592
EXELON CORP COM 30161N101 489 9,700 SH SOLE NONE 9,700
EXXON MOBIL CORP COM 30231G102 7,064 202,125 SH SOLE NONE 202,125
FEDERAL NATL MTG ASSN COM 313586109 1,951 29,850 SH SOLE NONE 29,850
FEDEX CORP COM 31428X106 496 9,000 SH SOLE NONE 9,000
FIFTH THIRD BANCORP COM 316773100 874 17,392 SH SOLE NONE 17,392
FIRST DATA CORP COM 319963104 836 22,600 SH SOLE NONE 22,600
FIRSTENERGY CORP COM 337932107 280 8,900 SH SOLE NONE 8,900
FLEETBOSTON FINL CORP COM 339030108 754 31,558 SH SOLE NONE 31,558
FORD MTR CO DEL COM PAR 345370860 414 55,115 SH SOLE NONE 55,115
$0.01
FOREST LABS INC COM 345838106 588 10,900 SH SOLE NONE 10,900
FPL GROUP INC COM 302571104 324 5,500 SH SOLE NONE 5,500
FRANKLIN RES INC COM 354613101 253 7,700 SH SOLE NONE 7,700
FEDERAL HOME LN MTG CORP COM 313400301 1,109 20,882 SH SOLE NONE 20,882
GANNETT INC COM 364730101 563 8,000 SH SOLE NONE 8,000
GAP INC DEL COM 364760108 384 26,525 SH SOLE NONE 26,525
GENERAL DYNAMICS CORP COM 369550108 330 6,000 SH SOLE NONE 6,000
GENERAL ELEC CO COM 369604103 7,622 298,884 SH SOLE NONE 298,884
GENERAL MLS INC COM 370334104 506 11,100 SH SOLE NONE 11,100
GENERAL MTRS CORP COM 370442105 567 16,874 SH SOLE NONE 16,874
GENZYME CORP COM GENL 372917104 233 6,400 SH SOLE NONE 6,400
DIV
Page Fair Market Value 25,637
GILLETTE CO COM 375766102 970 31,350 SH SOLE NONE 31,350
GOLDEN WEST FINL CORP DEL COM 381317106 334 4,650 SH SOLE NONE 4,650
GOLDMAN SACHS GROUP INC COM 38141G104 967 14,200 SH SOLE NONE 14,200
GUIDANT CORP COM 401698105 333 9,200 SH SOLE NONE 9,200
HALLIBURTON CO COM 406216101 272 13,100 SH SOLE NONE 13,100
HANCOCK JOHN FINL SVCS INC COM 41014S106 240 8,650 SH SOLE NONE 8,650
HARLEY DAVIDSON INC COM 412822108 361 9,100 SH SOLE NONE 9,100
HARTFORD FINL SVCS GROUP INC COM 416515104 272 7,700 SH SOLE NONE 7,700
HCA INC COM 404119109 639 15,450 SH SOLE NONE 15,450
HEALTHSOUTH CORP COM 421924101 1 11,900 SH SOLE NONE 11,900
HEINZ H J CO COM 423074103 310 10,600 SH SOLE NONE 10,600
HERSHEY FOODS CORP COM 427866108 257 4,100 SH SOLE NONE 4,100
HEWLETT PACKARD CO COM 428236103 1,426 91,716 SH SOLE NONE 91,716
HILTON HOTELS CORP COM 432848109 131 11,300 SH SOLE NONE 11,300
HOME DEPOT INC COM 437076102 1,702 69,850 SH SOLE NONE 69,850
HONEYWELL INTL INC COM 438516106 548 25,657 SH SOLE NONE 25,657
HSBC HLDGS PLC SPON ADR 404280406 388 7,597 SH SOLE NONE 7,597
NEW
INTERNATIONAL BUSINESS MACHS COM 459200101 3,978 50,718 SH SOLE NONE 50,718
ILLINOIS TOOL WKS INC COM 452308109 535 9,200 SH SOLE NONE 9,200
Page Fair Market Value 13,664
INFINEON TECHNOLOGIES AG SPONSORED 45662N103 12,717 1,898,109 SH SOLE NONE 1,898,109
ADR
INTERNATIONAL GAME TECHNOLOG COM 459902102 213 2,600 SH SOLE NONE 2,600
INTL PAPER CO COM 460146103 487 14,416 SH SOLE NONE 14,416
INTERPUBLIC GROUP COS INC COM 460690100 108 11,600 SH SOLE NONE 11,600
INTUIT COM 461202103 231 6,200 SH SOLE NONE 6,200
J P MORGAN CHASE & CO COM 46625H100 1,422 59,971 SH SOLE NONE 59,971
JDS UNIPHASE CORP COM 46612J101 121 42,500 SH SOLE NONE 42,500
JOHNSON & JOHNSON COM 478160104 5,166 89,266 SH SOLE NONE 89,266
KELLOGG CO COM 487836108 376 12,280 SH SOLE NONE 12,280
KEYCORP NEW COM 493267108 288 12,784 SH SOLE NONE 12,784
KIMBERLY CLARK CORP COM 494368103 700 15,400 SH SOLE NONE 15,400
KLA-TENCOR CORP COM 482480100 205 5,700 SH SOLE NONE 5,700
KOHLS CORP COM 500255104 571 10,100 SH SOLE NONE 10,100
Page Fair Market Value 22,605
KROGER CO COM 501044101 302 22,950 SH SOLE NONE 22,950
LEHMAN BROS HLDGS INC COM 524908100 422 7,300 SH SOLE NONE 7,300
LEXMARK INTL NEW CL A 529771107 254 3,800 SH SOLE NONE 3,800
LILLY ELI & CO COM 532457108 1,929 33,750 SH SOLE NONE 33,750
LIMITED BRANDS INC COM 532716107 202 15,706 SH SOLE NONE 15,706
LINEAR TECHNOLOGY CORP COM 535678106 290 9,400 SH SOLE NONE 9,400
LOCKHEED MARTIN CORP COM 539830109 649 13,644 SH SOLE NONE 13,644
LOEWS CORP COM 540424108 223 5,600 SH SOLE NONE 5,600
LOWES COS INC COM 548661107 959 23,500 SH SOLE NONE 23,500
LSI LOGIC CORP COM 502161102 51 11,200 SH SOLE NONE 11,200
LUCENT TECHNOLOGIES INC COM 549463107 173 117,511 SH SOLE NONE 117,511
MARATHON OIL CORP COM 565849106 225 9,400 SH SOLE NONE 9,400
MARRIOTT INTL INC NEW CL A 571903202 223 7,000 SH SOLE NONE 7,000
MARSH & MCLENNAN COS INC COM 571748102 689 16,158 SH SOLE NONE 16,158
MASCO CORP COM 574599106 276 14,800 SH SOLE NONE 14,800
MATTEL INC COM 577081102 296 13,175 SH SOLE NONE 13,175
MAXIM INTEGRATED PRODS INC COM 57772K101 350 9,700 SH SOLE NONE 9,700
MBNA CORP COM 55262L100 578 38,380 SH SOLE NONE 38,380
MCDONALDS CORP COM 580135101 551 38,104 SH SOLE NONE 38,104
Page Fair Market Value 8,642
MCGRAW HILL COS INC COM 580645109 322 5,800 SH SOLE NONE 5,800
MCKESSON CORP COM 58155Q103 217 8,713 SH SOLE NONE 8,713
MEDIMMUNE INC COM 584699102 250 7,600 SH SOLE NONE 7,600
MEDTRONIC INC COM 585055106 1,654 36,662 SH SOLE NONE 36,662
MELLON FINL CORP COM 58551A108 275 12,950 SH SOLE NONE 12,950
MERCK & CO INC COM 589331107 3,693 67,416 SH SOLE NONE 67,416
MERRILL LYNCH & CO INC COM 590188108 917 25,918 SH SOLE NONE 25,918
METLIFE INC COM 59156R108 554 21,000 SH SOLE NONE 21,000
MICRON TECHNOLOGY INC COM 595112103 148 18,200 SH SOLE NONE 18,200
MICROSOFT CORP COM 594918104 7,782 321,450 SH SOLE NONE 321,450
MIRANT CORP COM 604675108 19 12,149 SH SOLE NONE 12,149
MOODYS CORP COM 615369105 208 4,500 SH SOLE NONE 4,500
MORGAN STANLEY COM NEW 617446448 1,249 32,556 SH SOLE NONE 32,556
MOTOROLA INC COM 620076109 571 69,098 SH SOLE NONE 69,098
NATIONAL CITY CORP COM 635405103 512 18,400 SH SOLE NONE 18,400
NEOMAGIC CORP COM 640497103 13 10,497 SH SOLE NONE 10,497
NETWORK APPLIANCE INC COM 64120L104 114 10,200 SH SOLE NONE 10,200
NEWELL RUBBERMAID INC COM 651229106 227 8,024 SH SOLE NONE 8,024
NEWMONT MINING CORP COM 651639106 315 12,062 SH SOLE NONE 12,062
Page Fair Market Value 19,040
NEXTEL COMMUNICATIONS INC CL A 65332V103 387 28,900 SH SOLE NONE 28,900
NIKE INC CL B 654106103 406 7,900 SH SOLE NONE 7,900
NORFOLK SOUTHERN CORP COM 655844108 216 11,650 SH SOLE NONE 11,650
NORTHERN TR CORP COM 665859104 201 6,600 SH SOLE NONE 6,600
NORTHROP GRUMMAN CORP COM 666807102 470 5,479 SH SOLE NONE 5,479
NOVELL INC COM 670006105 24 11,094 SH SOLE NONE 11,094
OCCIDENTAL PETE CORP DEL COM 674599105 342 11,400 SH SOLE NONE 11,400
OMNICOM GROUP INC COM 681919106 303 5,600 SH SOLE NONE 5,600
ORACLE CORP COM 68389X105 1,717 158,234 SH SOLE NONE 158,234
PAYCHEX INC COM 704326107 310 11,275 SH SOLE NONE 11,275
Page Fair Market Value 4,376
PEPSICO INC COM 713448108 2,076 51,900 SH SOLE NONE 51,900
PFIZER INC COM 717081103 5,768 185,095 SH SOLE NONE 185,095
PG&E CORP COM 69331C108 164 12,196 SH SOLE NONE 12,196
PHARMACIA CORP COM 71713U102 1,682 38,835 SH SOLE NONE 38,835
PITNEY BOWES INC COM 724479100 227 7,100 SH SOLE NONE 7,100
PNC FINL SVCS GROUP INC COM 693475105 360 8,500 SH SOLE NONE 8,500
PPG INDS INC COM 693506107 229 5,070 SH SOLE NONE 5,070
PRAXAIR INC COM 74005P104 272 4,831 SH SOLE NONE 4,831
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 261 9,600 SH SOLE NONE 9,600
PROCTER & GAMBLE CO COM 742718109 3,460 38,850 SH SOLE NONE 38,850
PROGRESS ENERGY INC COM 743263105 278 7,100 SH SOLE NONE 7,100
PROGRESSIVE CORP OHIO COM 743315103 386 6,500 SH SOLE NONE 6,500
PRUDENTIAL FINL INC COM 744320102 498 17,025 SH SOLE NONE 17,025
PUBLIC SVC ENTERPRISE GROUP COM 744573106 246 6,694 SH SOLE NONE 6,694
QUALCOMM INC COM 747525103 853 23,700 SH SOLE NONE 23,700
Page Fair Market Value 16,760
QWEST COMMUNICATIONS INTL IN COM 749121109 178 50,898 SH SOLE NONE 50,898
RADISYS CORPORATION COM 750459109 4,555 687,016 SH SOLE NONE 687,016
RAYTHEON CO COM NEW 755111507 346 12,200 SH SOLE NONE 12,200
REGIONS FINL CORP COM 758940100 214 6,600 SH SOLE NONE 6,600
SAFEWAY INC COM NEW 786514208 250 13,200 SH SOLE NONE 13,200
SANMINA SCI CORP COM 800907107 62 15,250 SH SOLE NONE 15,250
SARA LEE CORP COM 803111103 440 23,550 SH SOLE NONE 23,550
SBC COMMUNICATIONS INC COM 78387G103 2,001 99,744 SH SOLE NONE 99,744
SCHERING PLOUGH CORP COM 806605101 785 44,050 SH SOLE NONE 44,050
SCHLUMBERGER LTD COM 806857108 665 17,500 SH SOLE NONE 17,500
SCHWAB CHARLES CORP NEW COM 808513105 292 40,400 SH SOLE NONE 40,400
SEARS ROEBUCK & CO COM 812387108 229 9,500 SH SOLE NONE 9,500
Page Fair Market Value 10,017
SIEBEL SYS INC COM 826170102 117 14,600 SH SOLE NONE 14,600
SLM CORP COM 78442P106 510 4,600 SH SOLE NONE 4,600
SOLECTRON CORP COM 834182107 75 24,800 SH SOLE NONE 24,800
SOUTHERN CO COM 842587107 610 21,450 SH SOLE NONE 21,450
SOUTHTRUST CORP COM 844730101 266 10,400 SH SOLE NONE 10,400
SOUTHWEST AIRLS CO COM 844741108 334 23,275 SH SOLE NONE 23,275
SPRINT CORP COM FON 852061100 316 26,866 SH SOLE NONE 26,866
GROUP
SPRINT CORP PCS COM 852061506 131 30,008 SH SOLE NONE 30,008
SER 1
ST JUDE MED INC COM 790849103 259 5,312 SH SOLE NONE 5,312
ST PAUL COS INC COM 792860108 215 6,772 SH SOLE NONE 6,772
STANDARD MICROSYSTEMS CORP COM 853626109 23,431 1,542,506 SH SOLE NONE 1,542,506
STAPLES INC COM 855030102 261 14,250 SH SOLE NONE 14,250
STARBUCKS CORP COM 855244109 299 11,600 SH SOLE NONE 11,600
STATE STR CORP COM 857477103 316 10,000 SH SOLE NONE 10,000
STRYKER CORP COM 863667101 405 5,900 SH SOLE NONE 5,900
SUN MICROSYSTEMS INC COM 866810104 313 95,914 SH SOLE NONE 95,914
SUNTRUST BKS INC COM 867914103 448 8,500 SH SOLE NONE 8,500
SYMBOL TECHNOLOGIES INC COM COM 871508107 3,909 454,044 SH SOLE NONE 454,044
Page Fair Market Value 32,215
SYSCO CORP COM 871829107 499 19,600 SH SOLE NONE 19,600
TARGET CORP COM 87612E106 797 27,250 SH SOLE NONE 27,250
TELLABS INC COM 879664100 72 12,400 SH SOLE NONE 12,400
TENET HEALTHCARE CORP COM 88033G100 238 14,274 SH SOLE NONE 14,274
TEXAS INSTRS INC COM 882508104 851 52,000 SH SOLE NONE 52,000
TJX COS INC NEW COM 872540109 278 15,800 SH SOLE NONE 15,800
TRAVELERS PPTY CAS CORP NEW CL B 89420G406 426 30,222 SH SOLE NONE 30,222
TRIBUNE CO NEW COM 896047107 411 9,126 SH SOLE NONE 9,126
TYCO INTL LTD NEW COM 902124106 771 59,980 SH SOLE NONE 59,980
UNION PAC CORP COM 907818108 418 7,600 SH SOLE NONE 7,600
UNITEDHEALTH GROUP INC COM 91324P102 837 9,126 SH SOLE NONE 9,126
UNITED PARCEL SERVICE INC CL B 911312106 1,924 33,750 SH SOLE NONE 33,750
Page Fair Market Value 7,522
UNITED TECHNOLOGIES CORP COM 913017109 815 14,100 SH SOLE NONE 14,100
UNOCAL CORP COM 915289102 204 7,750 SH SOLE NONE 7,750
US BANCORP DEL COM NEW 902973304 1,092 57,547 SH SOLE NONE 57,547
VERITAS SOFTWARE CO COM 923436109 217 12,315 SH SOLE NONE 12,315
VERIZON COMMUNICATIONS COM 92343V104 2,906 82,198 SH SOLE NONE 82,198
VIACOM INC CL B 925524308 1,933 52,927 SH SOLE NONE 52,927
WACHOVIA CORP 2ND NEW COM 929903102 1,393 40,891 SH SOLE NONE 40,891
WAL MART STORES INC COM 931142103 6,897 132,552 SH SOLE NONE 132,552
WALGREEN CO COM 931422109 907 30,750 SH SOLE NONE 30,750
WASHINGTON MUT INC COM 939322103 1,004 28,473 SH SOLE NONE 28,473
WASTE MGMT INC DEL COM 94106L109 378 17,863 SH SOLE NONE 17,863
WELLPOINT HEALTH NETWORK NEW COM 94973H108 345 4,500 SH SOLE NONE 4,500
WELLS FARGO & CO NEW COM 949746101 2,284 50,774 SH SOLE NONE 50,774
WEYERHAEUSER CO COM 962166104 316 6,617 SH SOLE NONE 6,617
WILLIAMS COS INC DEL COM 969457100 71 15,500 SH SOLE NONE 15,500
WRIGLEY WM JR CO COM 982526105 384 6,800 SH SOLE NONE 6,800
WYETH COM 983024100 1,506 39,826 SH SOLE NONE 39,826
Page Fair Market Value 22,652
XCEL ENERGY INC COM 98389B100 153 11,935 SH SOLE NONE 11,935
XEROX CORP COM 984121103 192 22,100 SH SOLE NONE 22,100
XILINX INC COM 983919101 236 10,100 SH SOLE NONE 10,100
XL CAP LTD CL A G98255105 290 4,100 SH SOLE NONE 4,100
YAHOO INC COM 984332106 426 17,750 SH SOLE NONE 17,750
YUM BRANDS INC COM 988498101 216 8,884 SH SOLE NONE 8,884
ZIMMER HLDGS INC COM 98956P102 286 5,889 SH SOLE NONE 5,889
Page Fair Market Value 1,799
REPORT TOTAL 254,551