UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2002
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BP p.l.c.
Address: 1 St James's Square
London SW1Y 4PD
England
Form 13F File Number: 28-05353
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Dr. J. G. S. Buchanan
Title: Group Chief Financial Officer and Executive Director
Phone: 020 7496 4157
Signature, Place, and Date of Signing:
/s/ J. Buchanan London 13/11/02
--------------------- ------------------ -------------
[Signature] [City,State] [Date]
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 reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-________________ _______________
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
---------
Form 13F Information Table Entry Total: 326
---------
Form 13F Information Table Value Total: $ 879,882
----------
(thousands)
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.
No. Form 13F File Number Name
01 28-05357 BP Investment Management Limited
02 28-00312 BP Corporation North America Inc.
BP P.L.C.
FORM 13F INFORMATION TABLE
SEPTEMBER 30, 2002
TITLE MARKET
OF VALUE SHARES/ SH/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER CLASS CUSIP ($000) PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
3M CO COM 88579Y101 5,499 50,000 SH DEFINED 01 50,000
ABBOTT LABS COM 002824100 6,666 165,000 SH DEFINED 01 165,000
ADC TELECOM COM 000886101 86 75,000 SH DEFINED 01 75,000
ADOBE SYSTEMS COM 00724F101 764 40,000 SH DEFINED 01 40,000
AFLAC$0.10 COM 001055102 2,148 70,000 SH DEFINED 01 70,000
AIR PROD&CHEM COM 009158106 1,680 40,000 SH DEFINED 01 40,000
ALBERTSON'S COM 013104104 846 35,000 SH DEFINED 01 35,000
ALCOA INC COM 013817101 2,026 105,000 SH DEFINED 01 105,000
ALLOS THERAPEUTICS COM 019777101 459 54,172 SH DEFINED 02 54,172
ALLSTATE CORP$0.01 COM 020002101 2,311 65,000 SH DEFINED 01 65,000
ALLTEL COM 020039103 1,204 30,000 SH DEFINED 01 30,000
ALTERA CP COM 021441100 347 40,000 SH DEFINED 01 40,000
AM TEL ADR ADR 023647100 781 640,000 SH DEFINED 01 640,000
AMAZON COM COM 023135106 876 55,000 SH DEFINED 01 55,000
AMBAC FIN COM 023139108 808 15,000 SH DEFINED 01 15,000
AMER ELEC COM 025537101 1,924 67,500 SH DEFINED 01 67,500
AMER EXPRS COM 025816109 4,677 150,000 SH DEFINED 01 150,000
AMER INT GR COM 026874107 14,791 270,405 SH DEFINED 01 270,405
AMER MOV ADR20 ADR 02364W105 604 50,000 SH DEFINED 01 50,000
AMER MOV ADR20 ADR 02364W204 1,196 100,000 SH DEFINED 01 100,000
AMGEN$0.0001 COM 031162100 6,881 165,000 SH DEFINED 01 165,000
AMR CORP COM 001765106 59 14,000 SH DEFINED 01 14,000
AMSOUTH BNCP COM 032165102 933 45,000 SH DEFINED 01 45,000
ANADARKO PET COM 032511107 1,113 25,000 SH DEFINED 01 25,000
ANALOG$ COM 032654105 788 40,000 SH DEFINED 01 40,000
ANHEUSER COM 035229103 5,252 103,800 SH DEFINED 01 103,800
AOL TIME WARNER COM 00184A105 4,621 395,000 SH DEFINED 01 395,000
APACHE CORP$1.25 COM 037411105 1,189 20,000 SH DEFINED 01 20,000
APP MATERIAL COM 038222105 2,171 188,000 SH DEFINED 01 188,000
APPLE COM NPV COM 037833100 580 40,000 SH DEFINED 01 40,000
APPLERA BIOSYS COM 038020103 366 20,000 SH DEFINED 01 20,000
ARGLNT TECH COM 00846U101 498 38,140 SH DEFINED 01 38,140
ASPECT MEDICAL SYS COM 045235108 113 38,885 SH DEFINED 02 38,885
AT & T COM 001957109 4,678 389,547 SH DEFINED 01 389,547
AT&T WIRELESS COM 00209A106 1,236 300,000 SH DEFINED 01 300,000
AT&T-LIB MED CORP COM 001957208 2,010 280,000 SH DEFINED 01 280,000
AUTO DATA$0.10 COM 053015103 2,608 75,000 SH DEFINED 01 75,000
AVON PRODS COM 054303102 922 20,000 SH DEFINED 01 20,000
AVY INC COM 053499109 36 25,416 SH DEFINED 01 25,416
BAKER HUGHES$1 COM 057224107 1,161 40,000 SH DEFINED 01 40,000
BANK ONE CP COM 06423A103 5,610 150,000 SH DEFINED 01 150,000
BAXTER INTL COM 071813109 2,444 80,000 SH DEFINED 01 80,000
BB&T CP USD5 COM 054937107 2,102 60,000 SH DEFINED 01 60,000
BECTON DICK$1 COM 075887109 710 25,000 SH DEFINED 01 25,000
BELLSOUTH COM 079860102 3,672 200,000 SH DEFINED 01 200,000
BERKSHIRE HATH'A' COM 084670108 11,085 150 SH DEFINED 01 150
BEST BUY$0.10 COM 086516101 781 35,000 SH DEFINED 01 35,000
BIOGEN COM 090597105 410 14,000 SH DEFINED 01 14,000
BK NEWYORK$7.50 COM 064057102 2,299 80,000 SH DEFINED 01 80,000
BK OF AMER USD.01 COM 060505104 12,122 190,000 SH DEFINED 01 190,000
BLACK&DECKER$0.50 COM 091797100 419 10,000 SH DEFINED 01 10,000
BLOCK(H&R)NPV COM 093671105 1,260 30,000 SH DEFINED 01 30,000
BMC SOFTWARE COM 055921100 588 45,000 SH DEFINED 01 45,000
BOEING COM 097023105 3,584 105,000 SH DEFINED 01 105,000
BOSTON SCIEN $0.01 COM 101137107 1,894 60,000 SH DEFINED 01 60,000
BROADCOM COM 111320107 224 21,000 SH DEFINED 01 21,000
BRSTL-MYER SQ!0.10 COM 110122108 5,593 235,000 SH DEFINED 01 235,000
BURLINGTON N. NPV COM 12189T104 1,435 60,000 SH DEFINED 01 60,000
CAP1 FINL COM 14040H105 698 20,000 SH DEFINED 01 20,000
CARDINAL HLTH NPV COM 14149Y108 2,954 47,500 SH DEFINED 01 47,500
CARNIVAL COM 143658102 1,882 75,000 SH DEFINED 01 75,000
CARSO GBL SPN.ADR ADR 14574P107 1,376 640,000 SH DEFINED 01 640,000
CATERPILLAR COM 149123101 2,215 59,500 SH DEFINED 01 59,500
CEMX ADR 5 CPO ADR 151290889 2,127 102,000 SH DEFINED 01 102,000
CENDANT$0.01 COM 151313103 1,829 170,000 SH DEFINED 01 170,000
CERIDIAN COM 15677T106 428 30,000 SH DEFINED 01 30,000
CHEVRONTEXACO COM 166751107 8,660 125,050 SH DEFINED 01 125,050
CHUBB CORP!1 COM 171232101 822 15,000 SH DEFINED 01 15,000
CIENA CP$0.01 COM 171779101 89 30,000 SH DEFINED 01 30,000
CIGNA CP COM 125509109 1,203 17,000 SH DEFINED 01 17,000
CISCO SYSTEMS COM 17275R102 8,698 830,000 SH DEFINED 01 830,000
CITIGROUP USD0.01 COM 172967101 16,446 554,669 SH DEFINED 01 554,669
CITRIX SYS COM 177376100 181 30,000 SH DEFINED 01 30,000
CLEAR CHANNL COM 184502102 2,433 70,000 SH DEFINED 01 70,000
COCA COLA!0.25 COM 191216100 12,470 260,000 SH DEFINED 01 260,000
COLGATE COM 194162103 3,674 68,100 SH DEFINED 01 68,100
COMCAST'A'SPL COM 200300200 2,086 100,000 SH DEFINED 01 100,000
COMERICA$5 COM 200340107 1,061 22,000 SH DEFINED 01 22,000
COMP SCIENCES$1 COM 205363104 556 20,000 SH DEFINED 01 20,000
COMVERSE TEC COM 205862402 210 30,000 SH DEFINED 01 30,000
CONCORD COMMUNICAT COM 206186108 365 72,363 SH DEFINED 02 72,363
CONCORD EFS COM 206197105 1,112 70,000 SH DEFINED 01 70,000
CONNECTICS CORP COM 208192104 119 12,890 SH DEFINED 02 12,890
CONOCOPHILLIPS COM 20825C104 3,472 75,077 SH DEFINED 01 75,077
CONSL EDISON$0.10 COM 209115104 2,413 60,000 SH DEFINED 01 60,000
COSTCO WHLESLE COM 22160K105 1,360 42,000 SH DEFINED 01 42,000
COX COMM'A'$1 COM 224044107 738 30,000 SH DEFINED 01 30,000
CREATIVE TECH COM 225290402 1,226 188,000 SH DEFINED 01 188,000
CSX CORP COM 126408103 791 30,000 SH DEFINED 01 30,000
CVS CORP COM 126650100 1,014 40,000 SH DEFINED 01 40,000
DARDEN RESTCSN COM 237194105 1,091 45,000 SH DEFINED 01 45,000
DEERE&CO!1 COM 244199105 1,363 30,000 SH DEFINED 01 30,000
DELL COMPUTER!0.01 COM 247025109 6,465 275,000 SH DEFINED 01 275,000
DLP AUTO SYSM COM 247126105 987 115,430 SH DEFINED 01 115,430
DOLLAR GEN!0.50 COM 256669102 621 46,250 SH DEFINED 01 46,250
DOMINION RES(VIRG) COM 257470104 2,283 45,000 SH DEFINED 01 45,000
DOW CHEM COM 260543103 3,277 120,000 SH DEFINED 01 120,000
DTE ENRGY COM 233331107 1,221 30,000 SH DEFINED 01 30,000
DU PONTC/TUSD0.30 COM 263534109 4,509 125,000 SH DEFINED 01 125,000
DUKE ENGY NPV COM 264399106 1,368 70,000 SH DEFINED 01 70,000
EATON CORP COM 278058102 574 9,000 SH DEFINED 01 9,000
EBAY INC COM 278642103 232 4,399 SH DEFINED 02 4,399
EBAY IUSD0.01 COM 278642103 898 17,000 SH DEFINED 01 17,000
ECOLAB$1 COM 278865100 626 15,000 SH DEFINED 01 15,000
EMC CORP$0.01 COM 268648102 1,097 240,000 SH DEFINED 01 240,000
EMERSON ELEC$1 COM 291011104 2,197 50,000 SH DEFINED 01 50,000
ENGELHARD !1 COM 292845104 715 30,000 SH DEFINED 01 30,000
EQTY OFCE USD0.01 COM 294741103 1,291 50,000 SH DEFINED 01 50,000
EXULT INC COM 302284104 17,310 5,867,892 SH SOLE 5,867,892
EXXON MOB COM 30231G102 25,839 810,000 SH DEFINED 01 810,000
FANNIE MAE COM 313586109 6,252 105,000 SH DEFINED 01 105,000
FED DEPT US$0.01 COM 31410H101 589 20,000 SH DEFINED 01 20,000
FEDEX CORP COM 31428X106 1,752 35,000 SH DEFINED 01 35,000
FIFTH THIRD BANCORP COM 316773100 4,592 75,000 SH DEFINED 01 75,000
FIRST DATA CORP COM 319963104 2,655 95,000 SH DEFINED 01 95,000
FLEET BSTN FINL COM 339030108 2,216 109,000 SH DEFINED 01 109,000
FLUOR COM 343861100 489 20,000 SH DEFINED 01 20,000
FOM ECON ADR ADR 344419106 1,014 30,000 SH DEFINED 01 30,000
FORD MTR COM 345370860 1,981 202,097 SH DEFINED 01 202,097
FOX ENT GRP'A' COM 35138T107 441 20,000 SH DEFINED 01 20,000
FPL GR$0.01 COM 302571104 1,453 27,000 SH DEFINED 01 27,000
FRANKLIN RES!0.10 COM 354613101 622 20,000 SH DEFINED 01 20,000
FRED MAC USD0.21 COM 313400301 3,745 67,000 SH DEFINED 01 67,000
GANNETT CO$1 COM 364730101 3,205 44,400 SH DEFINED 01 44,400
GAP INC$0.05 COM 364760108 705 65,000 SH DEFINED 01 65,000
GEN ELEC COM 369604103 26,622 1,080,000 SH DEFINED 01 1,080,000
GEN MOTORS COM 370442105 2,334 60,000 SH DEFINED 01 60,000
GENERAL MLS$0.1 COM 370334104 2,665 60,000 SH DEFINED 01 60,000
GILLETTE CO$1 COM 375766102 3,256 110,000 SH DEFINED 01 110,000
GLBSANFE CORP COM G3930E101 595 26,600 SH DEFINED 01 26,600
GLD SACHS COM 38141G104 957 14,500 SH DEFINED 01 14,500
GOLDEN WEST$0.10 COM 381317106 933 15,000 SH DEFINED 01 15,000
GPO CARSO SPN.ADR ADR 400485207 500 100,000 SH DEFINED 01 100,000
GRAINGER$0.50 COM 384802104 851 20,000 SH DEFINED 01 20,000
GRUPO TELE SP GDR GDR 40049J206 1,147 45,000 SH DEFINED 01 45,000
GUIDNT CRP NPV COM 401698105 905 28,000 SH DEFINED 01 28,000
HARLEY DAVID$0.01 COM 412822108 1,649 35,500 SH DEFINED 01 35,500
HARRAHS ENT$0.10 COM 413619107 530 11,000 SH DEFINED 01 11,000
HARTFORD FINL USD COM 416515104 1,820 44,400 SH DEFINED 01 44,400
HCA INC COM 404119109 2,857 60,000 SH DEFINED 01 60,000
HEINZ(HJ)!0.25 COM 423074103 1,502 45,000 SH DEFINED 01 45,000
HELL TELECOM ADS COM 423325307 157 27,778 SH DEFINED 01 27,778
HEWLETT-PKARD$0.01 COM 428236103 4,260 365,000 SH DEFINED 01 365,000
HILTON HOTELS$2.50 COM 432848109 569 50,000 SH DEFINED 01 50,000
HNYWELL INTL COM 438516106 1,516 70,000 SH DEFINED 01 70,000
HOME DEPOT$0.05 COM 437076102 6,525 250,000 SH DEFINED 01 250,000
HSEHLD INTL$1 COM 441815107 1,415 50,000 SH DEFINED 01 50,000
HYBRID NETWORKS INC COM 44860K102 0 63,945 SH DEFINED 02 63,945
IBM COM 459200101 12,262 210,000 SH DEFINED 01 210,000
ILL TOOL NPV COM 452308109 2,771 47,500 SH DEFINED 01 47,500
INDIA FUND COM 454089103 3,264 354,000 SH DEFINED 01 354,000
INDIAN OPPS COM G4760P109 2,361 322,060 SH DEFINED 01 322,060
INGRSL-RND'A' COM G4776G101 964 28,000 SH DEFINED 01 28,000
INT PAPER !1 COM 460146103 1,503 45,000 SH DEFINED 01 45,000
INTEL COM 458140100 10,695 770,000 SH DEFINED 01 770,000
INTERPUB$0.10 COM 460690100 634 40,000 SH DEFINED 01 40,000
IONA TECH ADR ADR 46206P109 136 65,000 SH DEFINED 01 65,000
ITT INDUST COM 450911102 623 10,000 SH DEFINED 01 10,000
J HANCOCK FIN SER COM 41014S106 834 30,000 SH DEFINED 01 30,000
JDS UNIPHASE CRP COM 46612J101 210 107,700 SH DEFINED 01 107,700
JOHNSN CNTL$0.1666 COM 478366107 1,152 15,000 SH DEFINED 01 15,000
JOHNSN&JOHNSN COM 478160104 17,554 324,600 SH DEFINED 01 324,600
JP MORGAN CHASE COM 46625H100 10,103 532,007 SH DEFINED 01 532,007
KELLOGG$0.25 COM 487836108 1,663 50,000 SH DEFINED 01 50,000
KERR-MCGEE$1 COM 492386107 869 20,000 SH DEFINED 01 20,000
KEYCORP$1 COM 493267108 1,311 52,500 SH DEFINED 01 52,500
KIMBERLY CLK ADR ADR 494368204 588 50,000 SH DEFINED 01 50,000
KIMBERLY-CL$1.25 COM 494368103 3,965 70,000 SH DEFINED 01 70,000
KLA TENCOR COM 482480100 475 17,000 SH DEFINED 01 17,000
KOHLS CORP COM 500255104 2,189 36,000 SH DEFINED 01 36,000
KRFT FDS INC'A' COM 50075N104 2,552 70,000 SH DEFINED 01 70,000
KROGER$1 COM 501044101 1,128 80,000 SH DEFINED 01 80,000
LEHMAN BROS$0.10 COM 524908100 1,471 30,000 SH DEFINED 01 30,000
LEXMARK INTL'A'$ COM 529771107 940 20,000 SH DEFINED 01 20,000
LILLY ELI COM 532457108 6,641 120,000 SH DEFINED 01 120,000
LINCOLN NATL COM 534187109 611 20,000 SH DEFINED 01 20,000
LINEAR TECH NPV COM 535678106 622 30,000 SH DEFINED 01 30,000
LOCK MARTIN COM 539830109 3,233 50,000 SH DEFINED 01 50,000
LOWE'S COS$0.50 COM 548661107 4,554 110,000 SH DEFINED 01 110,000
LSI LOGIC COM 502161102 222 35,000 SH DEFINED 01 35,000
LTD INC COM 532716107 717 50,000 SH DEFINED 01 50,000
M.B.N.A.$0.01 COM 55262L100 2,481 135,000 SH DEFINED 01 135,000
MANULIFE FINL CORP COM (ARCO) COM 56501R106 50,611 2,408,906 SH SOLE 2,408,906
MARATHON OIL COM 565849106 680 30,000 SH DEFINED 01 30,000
MARRIOTT INT'A' COM 571903202 1,160 40,000 SH DEFINED 01 40,000
MARSH&MCLN COM 571748102 3,331 80,000 SH DEFINED 01 80,000
MASCO CORPN$1 COM 574599106 1,564 80,000 SH DEFINED 01 80,000
MATAV RT ADS COM 576561104 775 50,000 SH DEFINED 01 50,000
MAXIM INTER USD COM 57772K101 669 27,000 SH DEFINED 01 27,000
MBIA INC COM 55262C100 599 15,000 SH DEFINED 01 15,000
MCDONALD'S COM 580135101 2,561 145,000 SH DEFINED 01 145,000
MCGRAW HILL$1 COM 580645109 1,102 18,000 SH DEFINED 01 18,000
MCKESSON CORP COM 58155Q103 1,133 40,000 SH DEFINED 01 40,000
MEADWESTVACO COM 583334107 384 20,000 SH DEFINED 01 20,000
MEDIMMUNE COM 584699102 1,464 70,000 SH DEFINED 01 70,000
MEDTRONIC INC$0.10 COM 585055106 5,560 132,000 SH DEFINED 01 132,000
MELLON FINL COM 58551A108 1,154 44,500 SH DEFINED 01 44,500
MERANT COM 587336108 603 99,000 SH DEFINED 01 99,000
MERCK&CO NPV COM 589331107 11,542 252,500 SH DEFINED 01 252,500
MERRIL LYNCH COM 590188108 2,636 80,000 SH DEFINED 01 80,000
METLIFE INC COM 59156R108 1,593 70,000 SH DEFINED 01 70,000
MGN STN COM 617446448 3,727 110,000 SH DEFINED 01 110,000
MICRON TECH COM 595112103 1,113 90,000 SH DEFINED 01 90,000
MICROSOFT COM 594918104 26,681 610,000 SH DEFINED 01 610,000
MILLNUM PHARM COM 599902103 280 30,000 SH DEFINED 01 30,000
MOLEX COM 608554101 823 35,000 SH DEFINED 01 35,000
MOODYS COM 615369105 1,940 40,000 SH DEFINED 01 40,000
MOTOROLA COM 620076109 2,732 268,400 SH DEFINED 01 268,400
MOTOROLA INC COM 620076109 872 85,705 SH DEFINED 02 85,705
N.FORK BANC COM 659424105 1,343 35,500 SH DEFINED 01 35,500
NAT CITY CORP COM 635405103 1,569 55,000 SH DEFINED 01 55,000
NAT SEMICON$0.50 COM 637640103 239 20,000 SH DEFINED 01 20,000
NATUZZI ADR ADR 456478106 1,980 181,340 SH DEFINED 01 181,340
NEWELL RUBBERMAID COM 651229106 926 30,000 SH DEFINED 01 30,000
NEWMONT$1.60 COMT 651639106 1,100 40,000 SH DEFINED 01 40,000
NEXTL COMM INC COM 65332V103 529 70,000 SH DEFINED 01 70,000
NIKE'B'NPV COM 654106103 648 15,000 SH DEFINED 01 15,000
NORFOLK S.$1 COM 655844108 1,009 50,000 SH DEFINED 01 50,000
NRTHN TST COM 665859104 1,226 32,500 SH DEFINED 01 32,500
NRTHROP GRUM COM 666807102 1,985 16,000 SH DEFINED 01 16,000
NY TIMES COM 650111107 1,591 35,000 SH DEFINED 01 35,000
OMNICOM!0.50 COM 681919106 1,481 26,600 SH DEFINED 01 26,600
ORACLE CP$0.01 COM 68389X105 5,423 690,000 SH DEFINED 01 690,000
ORBOTECH COM M75253100 912 62,500 SH DEFINED 01 62,500
PATTERSON UTI ENER COM 703481101 1,020 40,000 SH DEFINED 01 40,000
PAYCHEX COM 704326107 1,092 45,000 SH DEFINED 01 45,000
PEPSICO CAP STK$ COM 713448108 7,571 204,900 SH DEFINED 01 204,900
PFIZER COM 717081103 19,298 665,000 SH DEFINED 01 665,000
PHLP MRS COS COM 69331C108 9,700 250,000 SH DEFINED 01 250,000
PHMRMC CRPRTN COM 71713U102 5,488 141,150 SH DEFINED 01 141,150
PHOENIX COS INC NEW COM 71902E109 1,387 101,817 SH SOLE 101,817
PITNEY BOWES COM 724479100 762 25,000 SH DEFINED 01 25,000
PPG INDS$1 2/3 COM 693506107 894 20,000 SH DEFINED 01 20,000
PPL CP COM 69351T106 407 12,500 SH DEFINED 01 12,500
PRAXAIR$0.01 COM 74005P104 767 15,000 SH DEFINED 01 15,000
PRGRSS ENRGY COM 743263105 1,635 40,000 SH DEFINED 01 40,000
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 271 10,354 SH SOLE 10,354
PRKM SFW GDR RGS GDR 743394207 392 35,000 SH DEFINED 01 35,000
PROCTR&GMBLE COM 742718109 13,586 152,000 SH DEFINED 01 152,000
PRUDENT FINANCIAL COM 74406A102 286 10,000 SH DEFINED 01 10,000
PUBLIC SERV NPV COM 744573106 915 30,000 SH DEFINED 01 30,000
QUALCOMM COM 747525103 1,657 60,000 SH DEFINED 01 60,000
RADIOSHACK COM 750438103 401 20,000 SH DEFINED 01 20,000
RAYTHEON CO COM 755111507 1,172 40,000 SH DEFINED 01 40,000
RCHTR GEDN GDR'RS' GDR 368467304 4,324 92,000 SH DEFINED 01 92,000
RCKWLL CLLNS COM 774341101 658 30,000 SH DEFINED 01 30,000
ROC TAIWN SHS BEN COM 749651105 771 220,284 SH DEFINED 01 220,284
ROCKWELL AUTO COM 773903109 488 30,000 SH DEFINED 01 30,000
ROHM&HAAS COM 775371107 465 15,000 SH DEFINED 01 15,000
SABA SOFTWARE INC COM 784932105 128 61,070 SH DEFINED 02 61,070
SAFEWAY INC$0.01 COM 786514208 780 35,000 SH DEFINED 01 35,000
SANMINA CORP COM 800907107 277 100,000 SH DEFINED 01 100,000
SARA LEE COM 803111103 2,103 115,000 SH DEFINED 01 115,000
SBC COMM$1 COM 78387G103 6,834 340,000 SH DEFINED 01 340,000
SCHERING-PLOUGH COM 806605101 3,347 157,000 SH DEFINED 01 157,000
SCHLMBGR!1 COM 806857108 2,500 65,000 SH DEFINED 01 65,000
SCHOLASTIC COM 807066AA3 849 19,000 SH DEFINED 01 19,000
SCHWAB CHARL$0.01 COM 808513105 1,131 130,000 SH DEFINED 01 130,000
SEARS ROE!0.75 COM 812387108 1,170 30,000 SH DEFINED 01 30,000
SIEBEL SYS$0.001 COM 826170102 345 60,000 SH DEFINED 01 60,000
SIGMA ALDRICH$1 COM 826552101 493 10,000 SH DEFINED 01 10,000
SIMON PROP COM 828806109 929 26,000 SH DEFINED 01 26,000
SKYWORKS SOLUTIONS COM 83088M102 133 29,364 SH DEFINED 02 29,364
SLM CORP COM 78442P106 1,863 20,000 SH DEFINED 01 20,000
SOLECTRON 0.001 COM 834182107 269 127,550 SH DEFINED 01 127,550
SONUS NETWORKS INC COM 835916107 37 177,566 SH DEFINED 02 177,566
SOUTHERN CO$5 COM 842587107 4,893 170,000 SH DEFINED 01 170,000
SPRINT CR(PCS GRP) COM 852061506 196 100,000 SH DEFINED 01 100,000
SPRINT$2.50 COM 852061100 638 70,000 SH DEFINED 01 70,000
SPX COM 784635104 706 7,000 SH DEFINED 01 7,000
ST PAUL COS NPV COM 792860108 1,436 50,000 SH DEFINED 01 50,000
STAPLES USD COM 855030102 767 60,000 SH DEFINED 01 60,000
STARWD HOTELS'B' COM 85590A203 647 29,000 SH DEFINED 01 29,000
STATE ST CP$1 COM 857477103 1,681 43,500 SH DEFINED 01 43,500
STET HELL TEL ADR ADR 859823106 336 57,737 SH DEFINED 01 57,737
STILWELL FINCL INC COM 860831106 241 20,000 SH DEFINED 01 20,000
SUN MICRO COM 866810104 1,010 390,000 SH DEFINED 01 390,000
SW AIR$1 COM 844741108 1,175 90,000 SH DEFINED 01 90,000
SYNOVUS FNCL COM 87161C105 722 35,000 SH DEFINED 01 35,000
SYSCO CORP$1 COM 871829107 2,036 71,700 SH DEFINED 01 71,700
TARGET CP COM 87612E106 3,542 120,000 SH DEFINED 01 120,000
TCF FINCL COM 872275102 847 20,000 SH DEFINED 01 20,000
TEFNDS MEX ADR ADR 879403707 3,769 135,000 SH DEFINED 01 135,000
TELE MEX ADS COM 879403780 633 22,500 SH DEFINED 01 22,500
TEMPLE-INLAND$1 COM 879868107 386 10,000 SH DEFINED 01 10,000
TENET HLTH COM 88033G103 3,267 66,000 SH DEFINED 01 66,000
TERADYNE COM 880770102 192 20,000 SH DEFINED 01 20,000
TEXAS INSTS$1 COM 882508104 3,249 220,000 SH DEFINED 01 220,000
TEXTRON INC$0.125 COM 883203101 1,023 30,000 SH DEFINED 01 30,000
THERASENSE INC COM 883381105 1,617 115,865 SH DEFINED 02 115,865
TJX CO!1 COM 872540109 1,190 70,000 SH DEFINED 01 70,000
TOYS R US(H)!0.10 COM 892335100 204 20,000 SH DEFINED 01 20,000
TRANSOCN INC COM G90078109 624 30,000 SH DEFINED 01 30,000
TRAV PROP CAS'B' COM 89420G406 1,881 139,037 SH DEFINED 01 139,037
TRAV PRP CAS'A' COM 89420G109 311 23,532 SH DEFINED 01 23,532
TRIBUNE(DEL)NPV COM 896047107 1,672 40,000 SH DEFINED 01 40,000
TUBOS ACERO NPVADR ADR 898592501 456 53,000 SH DEFINED 01 53,000
TXU CORP COM 873168108 2,503 60,000 SH DEFINED 01 60,000
TYCO INT LD COM 902124106 2,961 210,000 SH DEFINED 01 210,000
UNION PAC CORP COM 907818108 1,302 22,500 SH DEFINED 01 22,500
UNISYS CP!0.01 COM 909214108 210 30,000 SH DEFINED 01 30,000
UNITEDHEALTH GRP COM 910581107 4,361 50,000 SH DEFINED 01 50,000
UNIVERSAL COMPRESS COM 913431102 877 54,151 SH DEFINED 02 54,151
US BANCORP COM 917292104 3,716 200,000 SH DEFINED 01 200,000
UST INC(DEL)$0.50 COM 902911106 987 35,000 SH DEFINED 01 35,000
UTD TECH COM 913017109 4,237 75,000 SH DEFINED 01 75,000
VALUECLICK INC COM 92046N102 70 32,000 SH DEFINED 02 32,000
VERISITY LTD RSTD COM 925316408 306 25,628 SH DEFINED 02 25,628
VERITAS SFTWRE NPV COM 923436109 513 35,000 SH DEFINED 01 35,000
VERIZON COMM COM 92343V104 7,815 284,800 SH DEFINED 01 284,800
VIACOM N.VTG'B' COM 925524308 7,644 188,500 SH DEFINED 01 188,500
VISHAY INTERT 0.10 COM 928298108 572 65,000 SH DEFINED 01 65,000
VISTEON CP COM 92839U107 379 40,000 SH DEFINED 01 40,000
VIVND UNI ADR ADR 92851S204 128 11,200 SH DEFINED 01 11,200
W.DISNEY HDS DIS COM 254687106 3,028 200,000 SH DEFINED 01 200,000
WACHOVIA CRP USD COM 929903102 5,459 167,000 SH DEFINED 01 167,000
WAL MART STRS$0.10 COM 931142103 18,219 370,000 SH DEFINED 01 370,000
WALGREEN COM 931422109 3,685 119,800 SH DEFINED 01 119,800
WASH MUT COM 939322103 3,147 100,000 SH DEFINED 01 100,000
WASTE MGMT COM 94106L109 1,632 70,000 SH DEFINED 01 70,000
WELLS FARGO COM 949746101 10,595 220,000 SH DEFINED 01 220,000
WEYERHAEUSER$1.25 COM 962166104 1,977 45,168 SH DEFINED 01 45,168
WYETH COM 983024100 4,452 140,000 SH DEFINED 01 140,000
X1LINX$0.01 COM 983919101 475 30,000 SH DEFINED 01 30,000
YAHOO INC COM 984332106 383 40,000 SH DEFINED 01 40,000
ZIMMER HOLDINGS COM 98956P102 671 17,500 SH DEFINED 01 17,500
TOTAL 879,882