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 If amended report check here: Institutional Investment Manager Filing This Report: Name: The St. Paul Companies, Inc. Address: 385 Washington Street St. Paul, MN 55102-1396 13F File Number: 28-62 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: Bruce Backberg Title: Corporate Secretary Phone: (651) 310-7916 Signature, Place and Date of signing: /s/ Bruce Backberg, St. Paul, Minnesota, May 15, 2001 Report Type (Check only one.): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 353 Form 13F Information Table Value Total: $1,451,541 List of Other Included Managers: No. 13F Filing Number Name 01 28-29 ST. PAUL FIRE AND MARINE INSURANCE COMPANY FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE AFLAC INC COMM 001055102 80 2,920 SH SHARED 2,920 AOL TIME WARNER INC COMM 00184A105 973 24,225 SH SHARED 24,225 AOL TIME WARNER INC COMM 00184A105 25,839 643,560 SH SHARED 643,560 AOL TIME WARNER INC COMM 00184A105 17,773 442,671 SH SOLE 442,671 AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957109 171 8,050 SH SHARED 8,050 AT&T CORP - LIBERTY MEDIA CL A COMM 001957208 9,274 662,400 SH SHARED 662,400 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE AT&T CORP - LIBERTY MEDIA CL A COMM 001957208 6,139 438,482 SH SOLE 438,482 ABBOTT LABORATORIES COMM 002824100 156 3,310 SH SHARED 3,310 ABBOTT LABORATORIES COMM 002824100 10,618 225,000 SH SHARED 225,000 ABBOTT LABORATORIES COMM 002824100 6,922 146,680 SH SOLE 146,680 AGILENT TECH COMM 00846U101 32 1,029 SH SHARED 1,029 ALCOA INC COMM 013817101 3,236 90,000 SH SHARED 90,000 ALCOA INC COMM 013817101 2,109 58,670 SH SOLE 58,670 ALLIANCE CAP COMM 01855A101 56 1,370 SH SHARED 1,370 ALLIED WASTE COMM 019589308 90 5,730 SH SHARED 5,730 ALLSTATE CORP. COMM 020002101 315 7,500 SH SHARED 7,500 AMERICAN EXPRESS COMPANY COMM 025816109 838 20,290 SH SHARED 20,290 AMERICAN EXPRESS COMPANY COMM 025816109 5,538 134,100 SH SHARED 134,100 AMERICAN EXPRESS COMPANY COMM 025816109 2,857 69,169 SH SOLE 69,169 AMERICAN HOME PRODUCTS COMM 026609107 166 2,830 SH SHARED 2,830 AMERICAN HOME PRODUCTS COMM 026609107 11,633 198,000 SH SHARED 198,000 AMERICAN HOME PRODUCTS COMM 026609107 7,322 124,630 SH SOLE 124,630 AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 1,220 15,152 SH SHARED 15,152 AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 30,992 384,990 SH SHARED 384,990 AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 19,589 243,347 SH SOLE 243,347 ANADARKO PETROLEUM CO COMM 032511107 43 690 SH SHARED 690 ANHEUSER BUSCH COS. INC. COMM 035229103 138 3,010 SH SHARED 3,010 ANHEUSER BUSCH COS. INC. COMM 035229103 4,611 100,400 SH SHARED 100,400 ANHEUSER BUSCH COS. INC. COMM 035229103 2,942 64,050 SH SOLE 64,050 APPLIED MATERIALS, INC. COMM 038222105 5,923 136,150 SH SHARED 136,150 APPLIED MATERIALS, INC. COMM 038222105 3,870 88,970 SH SOLE 88,970 APPLIED MICRO CIRCUIT CORP. COMM 03822W109 10 620 SH SHARED 620 APPLIED MICRO CIRCUIT CORP. COMM 03822W109 2,228 135,000 SH SHARED 135,000 APPLIED MICRO CIRCUIT CORP. COMM 03822W109 1,487 90,100 SH SOLE 90,100 ATMEL CORP. COMM 049513104 5,783 589,300 SH SHARED 589,300 ATMEL CORP. COMM 049513104 3,766 383,750 SH SOLE 383,750 AUTODESK, INC COMM 052769106 33 1,090 SH SHARED 1,090 AUTOMATIC DATA PROCESSING COMM 053015103 76 1,390 SH SHARED 1,390 AUTOMATIC DATA PROCESSING COMM 053015103 2,884 53,040 SH SHARED 53,040 AUTOMATIC DATA PROCESSING COMM 053015103 1,735 31,900 SH SOLE 31,900 AUTONATION INC. COMM 05329W102 119 13,270 SH SHARED 13,270 BB&T CORP COMM 054937107 160 4,550 SH SHARED 4,550 BP AMOCO PLC (ADR) COMM 055622104 500 10,080 SH SHARED 10,080 BP AMOCO PLC (ADR) COMM 055622104 3,999 80,596 SH SHARED 80,596 BP AMOCO PLC (ADR) COMM 055622104 2,002 40,352 SH SOLE 40,352 BANK OF AMERICA CORP COMM 060505104 196 3,580 SH SHARED 3,580 BANK OF NEW YORK CO., INC. COMM 064057102 80 1,630 SH SHARED 1,630 BANK OF NEW YORK CO., INC. COMM 064057102 10,340 210,000 SH SHARED 210,000 BANK OF NEW YORK CO., INC. COMM 064057102 6,894 140,000 SH SOLE 140,000 BANK ONE CORP. COMM 06423A103 91 2,520 SH SHARED 2,520 BAXTER INTERNATIONAL INC. COMM 071813109 5,648 60,000 SH SHARED 60,000 BAXTER INTERNATIONAL INC. COMM 071813109 3,766 40,000 SH SOLE 40,000 BELL SOUTH CORP. COMM 079860102 389 9,500 SH SHARED 9,500 BERKSHIRE HATHAWAY A COMM 084670108 655 10 SH SHARED 10 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE BERKSHIRE HATHAWAY A COMM 084670108 8,181 124 SH SHARED 124 BERKSHIRE HATHAWAY A COMM 084670108 4,974 73 SH SOLE 73 BOEING COMPANY COMM 097023105 181 3,250 SH SHARED 3,250 BRISTOL-MYERS SQUIBB CO. COMM 110122108 248 4,170 SH SHARED 4,170 BRISTOL-MYERS SQUIBB CO. COMM 110122108 10,122 170,400 SH SHARED 170,400 BRISTOL-MYERS SQUIBB CO. COMM 110122108 7,717 129,916 SH SOLE 129,916 BROADCOM CORP COMM 111320107 13 440 SH SHARED 440 CSX CORP COMM 126408103 4,044 120,000 SH SHARED 120,000 CSX CORP COMM 126408103 2,576 76,450 SH SOLE 76,450 CVS CORP. COMM 126650100 85 1,460 SH SHARED 1,460 CDN PAC LTD COMM 135923100 79 2,160 SH SHARED 2,160 CARDINAL HEALTH INC. COMM 14149Y108 60 620 SH SHARED 620 CATELLUS DEVELOPMENT COMM 149111106 107 6,780 SH SHARED 6,780 CELESTICA COMM 15101Q108 5,240 190,000 SH SHARED 190,000 CELESTICA COMM 15101Q108 3,937 142,740 SH SOLE 142,740 CHEVRON CORP COMM 166751107 122 1,390 SH SHARED 1,390 CISCO SYSTEMS INC. COMM 17275R102 286 18,080 SH SHARED 18,080 CISCO SYSTEMS INC. COMM 17275R102 12,930 817,720 SH SHARED 817,720 CISCO SYSTEMS INC. COMM 17275R102 8,816 557,522 SH SOLE 557,522 CITIGROUP INC COMM 172967101 499 11,100 SH SHARED 11,100 CITIGROUP INC COMM 172967101 32,063 712,824 SH SHARED 712,824 CITIGROUP INC COMM 172967101 21,109 469,305 SH SOLE 469,305 CLEAR CHANNEL COMM 184502102 9,380 172,260 SH SHARED 172,260 CLEAR CHANNEL COMM 184502102 6,689 122,841 SH SOLE 122,841 COCA COLA CO COMM 191216100 242 5,360 SH SHARED 5,360 COCA COLA CO COMM 191216100 13,191 292,100 SH SHARED 292,100 COCA COLA CO COMM 191216100 8,768 194,163 SH SOLE 194,163 COLGATE POLMOLIVE CO COMM 194162103 67 1,210 SH SHARED 1,210 COMPAQ COMPUTER COMM 204493100 141 7,770 SH SHARED 7,770 COMPUTER ASSOCIATES INTL, INC. COMM 204912109 39 1,450 SH SHARED 1,450 COMPUTER SCIENCES CORP COMM 205363104 40 1,230 SH SHARED 1,230 COMVERSE TECHNOLOGY COMM 205862402 8,002 135,880 SH SHARED 135,880 COMVERSE TECHNOLOGY COMM 205862402 5,192 88,160 SH SOLE 88,160 CONCORD EFS INC. COMM 206197105 76 1,870 SH SHARED 1,870 CORNING INC. COMM 219350105 2,191 105,920 SH SHARED 105,920 CORNING INC. COMM 219350105 1,715 82,890 SH SOLE 82,890 DELL COMPUTER CORP COMM 247025109 244 9,490 SH SHARED 9,490 DELL COMPUTER CORP COMM 247025109 4,624 180,000 SH SHARED 180,000 DELL COMPUTER CORP COMM 247025109 3,083 120,000 SH SOLE 120,000 DEVON ENERGY CORP. COMM 25179M103 84 1,440 SH SHARED 1,440 DIEBOLD COMM 253651103 66 2,420 SH SHARED 2,420 DISNEY, WALT CO. COMM 254687106 128 4,490 SH SHARED 4,490 DISNEY, WALT CO. COMM 254687106 3,432 120,000 SH SHARED 120,000 DISNEY, WALT CO. COMM 254687106 2,288 80,000 SH SOLE 80,000 DONNELLEY (R R) & SONS INC. COMM 257867101 74 2,830 SH SHARED 2,830 DOW CHEMICAL COMPANY COMM 260543103 3,131 99,165 SH SHARED 99,165 DOW CHEMICAL COMPANY COMM 260543103 1,968 62,331 SH SOLE 62,331 DU PONT E I DE NEMOURS AND CO. COMM 263534109 93 2,290 SH SHARED 2,290 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE DUKE POWER COMM 264399106 366 8,560 SH SHARED 8,560 DUKE POWER COMM 264399106 6,411 150,000 SH SHARED 150,000 DUKE POWER COMM 264399106 4,179 97,780 SH SOLE 97,780 DUKE REALTY INVESTMENTS, INC COMM 264411505 112 4,850 SH SHARED 4,850 DYNEGY INC COMM 26816Q101 8,723 171,000 SH SHARED 171,000 DYNEGY INC COMM 26816Q101 5,796 113,620 SH SOLE 113,620 EMC CORP. COMM 268648102 139 4,740 SH SHARED 4,740 EMC CORP. COMM 268648102 13,079 444,860 SH SHARED 444,860 EMC CORP. COMM 268648102 8,602 292,590 SH SOLE 292,590 EOG RESOURCES INC COMM 26875P101 87 2,110 SH SHARED 2,110 EBIX.COM INC COMM 278715107 8 12,785 SH SHARED 12,785 ECOLAB INC COMM 278865100 4,424 104,300 SH SHARED 104,300 ECOLAB INC COMM 278865100 2,638 62,191 SH SOLE 62,191 EDWARDS (AG) INC COMM 281760108 96 2,590 SH SHARED 2,590 ELAN CORP., PLC COMM 284131208 523 10,000 SH SHARED 10,000 ELAN CORP., PLC COMM 284131208 2,299 44,000 SH SHARED 44,000 ELAN CORP., PLC COMM 284131208 1,150 22,000 SH SOLE 22,000 ELECTRONIC DATA SYSTEMS COMM 285661104 56 1,000 SH SHARED 1,000 EMERSON ELECTRIC COMPANY COMM 291011104 60 960 SH SHARED 960 ENRON CORP. COMM 293561106 88 1,510 SH SHARED 1,510 ENRON CORP. COMM 293561106 4,067 70,000 SH SHARED 70,000 ENRON CORP. COMM 293561106 2,508 43,160 SH SOLE 43,160 EXXON MOBIL CORP COMM 30231G102 621 7,670 SH SHARED 7,670 EXXON MOBIL CORP COMM 30231G102 21,677 267,618 SH SHARED 267,618 EXXON MOBIL CORP COMM 30231G102 14,348 177,130 SH SOLE 177,130 FED HOME LOAN MTG CO. COMM 313400301 96 1,480 SH SHARED 1,480 FED HOME LOAN MTG CO. COMM 313400301 9,725 150,000 SH SHARED 150,000 FED HOME LOAN MTG CO. COMM 313400301 6,253 96,450 SH SOLE 96,450 (R) FEDERAL NATIONAL MORTGAGE COMM 313586109 632 7,941 SH SHARED 7,941 (R) FEDERAL NATIONAL MORTGAGE COMM 313586109 11,940 150,000 SH SHARED 150,000 (R) FEDERAL NATIONAL MORTGAGE COMM 313586109 7,819 98,230 SH SOLE 98,230 FIFTH THIRD BANCORP. COMM 316773100 51 950 SH SHARED 950 FILENET CORPORATION COMM 316869106 247 35,616 SH SHARED 35,616 FIRST HEALTH GROUP COMM 320960107 136 3,110 SH SHARED 3,110 FIRST UNION CORP. COMM 337358105 60 1,810 SH SHARED 1,810 FLEETBOSTON FINANCIAL COMM 339030108 70 1,850 SH SHARED 1,850 FLEETBOSTON FINANCIAL COMM 339030108 5,096 135,000 SH SHARED 135,000 FLEETBOSTON FINANCIAL COMM 339030108 3,222 85,350 SH SOLE 85,350 FORD MOTOR CO COMM 345370860 116 4,110 SH SHARED 4,110 FOUR SEASONS HOTELS COMM 35100E104 2,969 60,000 SH SHARED 60,000 FOUR SEASONS HOTELS COMM 35100E104 1,980 40,000 SH SOLE 40,000 FOX ENTERTAINMENT GROUP COMM 35138T107 5,586 285,000 SH SHARED 285,000 FOX ENTERTAINMENT GROUP COMM 35138T107 3,724 190,000 SH SOLE 190,000 FRANKLIN RESOURCES COMM 354613101 77 1,960 SH SHARED 1,960 GARDEN FRESH COMMON COMM 365235100 2,418 396,104 SH SHARED 396,104 GENENTECH COMM 368710406 10,504 208,000 SH SHARED 208,000 GENENTECH COMM 368710406 6,682 132,320 SH SOLE 132,320 GENL DYNAMICS COMM 369550108 216 3,450 SH SHARED 3,450 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE GENERAL ELECTRIC CO. COMM 369604103 2,199 52,540 SH SHARED 52,540 GENERAL ELECTRIC CO. COMM 369604103 40,525 968,100 SH SHARED 968,100 GENERAL ELECTRIC CO. COMM 369604103 25,442 607,794 SH SOLE 607,794 GENERAL MILLS INC COMM 370334104 68 1,570 SH SHARED 1,570 GENERAL MOTORS COMM 370442105 61 1,170 SH SHARED 1,170 INTERDENT, INC. COMM 37245B102 69 262,353 SH SHARED 262,353 GILLETTE CO. COMM 375766102 68 2,170 SH SHARED 2,170 GOLDMAN SACHS GROUP COMM 38141G104 5,106 60,000 SH SHARED 60,000 GOLDMAN SACHS GROUP COMM 38141G104 3,404 40,000 SH SOLE 40,000 HCA - THE HEALTHCARE COMPANY COMM 404119109 3,624 90,000 SH SHARED 90,000 HCA - THE HEALTHCARE COMPANY COMM 404119109 2,309 57,340 SH SOLE 57,340 HEWLETT-PACKARD COMM 428236103 133 4,250 SH SHARED 4,250 HEWLETT-PACKARD COMM 428236103 1,433 45,840 SH SHARED 45,840 HEWLETT-PACKARD COMM 428236103 932 29,810 SH SOLE 29,810 HOME DEPOT, INC. COMM 437076102 219 5,080 SH SHARED 5,080 HOME DEPOT, INC. COMM 437076102 9,663 224,200 SH SHARED 224,200 HOME DEPOT, INC. COMM 437076102 6,687 155,144 SH SOLE 155,144 HOMELAND HLDG CORP COMM 43739T104 6 20,379 SH SHARED 20,379 HONEYWELL INTERNATIONAL COMM 438516106 106 2,590 SH SHARED 2,590 HONEYWELL INTERNATIONAL COMM 438516106 5,916 145,000 SH SHARED 145,000 HONEYWELL INTERNATIONAL COMM 438516106 4,186 102,610 SH SOLE 102,610 HOUSEHOLD INTERNATIONAL, INC. COMM 441815107 58 980 SH SHARED 980 ICO INC PFD PREF 449293307 340 20,000 SH SHARED 20,000 ISTAR FINANCIAL INC COMM 45031U101 70 3,030 SH SHARED 3,030 IMMUNEX CRP NEW COMM 452528102 3,435 240,000 SH SHARED 240,000 IMMUNEX CRP NEW COMM 452528102 2,258 157,780 SH SOLE 157,780 INTEL CORP COMM 458140100 588 22,340 SH SHARED 22,340 INTEL CORP COMM 458140100 9,532 362,260 SH SHARED 362,260 INTEL CORP COMM 458140100 6,228 236,690 SH SOLE 236,690 INTERNATIONAL BUSINESS MACHINES CORP CAP COMM 459200101 488 5,070 SH SHARED 5,070 INTERNATIONAL BUSINESS MACHINES CORP CAP COMM 459200101 12,827 133,360 SH SHARED 133,360 INTERNATIONAL BUSINESS MACHINES CORP CAP COMM 459200101 8,568 89,088 SH SOLE 89,088 INTERNATIONAL PAPER CO COMM 460146103 3,247 90,000 SH SHARED 90,000 INTERNATIONAL PAPER CO COMM 460146103 2,101 58,230 SH SOLE 58,230 INTRA BIOTICS COMM 46116T100 3,007 1,886,828 SH SHARED 1,886,828 JDS UNIPHASE CORP. COMM 46612J101 5,111 277,204 SH SHARED 277,204 JDS UNIPHASE CORP. COMM 46612J101 3,381 183,352 SH SOLE 183,352 JP MORGAN CHASE & CO COMM 46625H100 179 3,996 SH SHARED 3,996 JP MORGAN CHASE & CO COMM 46625H100 10,439 232,500 SH SHARED 232,500 JP MORGAN CHASE & CO COMM 46625H100 6,643 147,951 SH SOLE 147,951 JOHNSON & JOHNSON COMM 478160104 263 3,010 SH SHARED 3,010 JOHNSON & JOHNSON COMM 478160104 6,315 72,200 SH SHARED 72,200 JOHNSON & JOHNSON COMM 478160104 5,980 68,364 SH SOLE 68,364 KAUFMAN & BROAD HOME CORP. COMM 48666K109 183 5,600 SH SHARED 5,600 KIMBERLY-CLARK CORP. COMM 494368103 76 1,120 SH SHARED 1,120 KIMBERLY-CLARK CORP. COMM 494368103 8,764 129,200 SH SHARED 129,200 KIMBERLY-CLARK CORP. COMM 494368103 5,751 84,782 SH SOLE 84,782 KOHL'S CORP. COMM 500255104 2,838 46,000 SH SHARED 46,000 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE KOHL'S CORP. COMM 500255104 1,737 28,160 SH SOLE 28,160 LEAR SEATING COMM 521865105 50 1,710 SH SHARED 1,710 LILLY, ELI & CO. COMM 532457108 186 2,430 SH SHARED 2,430 LILLY, ELI & CO. COMM 532457108 8,049 105,000 SH SHARED 105,000 LILLY, ELI & CO. COMM 532457108 5,366 70,000 SH SOLE 70,000 LOEWS CORP. COMM 540424108 282 4,740 SH SHARED 4,740 LUCENT TECHNOLOGIES INC. COMM 549463107 69 6,900 SH SHARED 6,900 MBNA CORP. COMM 55262L100 217 6,550 SH SHARED 6,550 MBNA CORP. COMM 55262L100 6,099 184,250 SH SHARED 184,250 MBNA CORP. COMM 55262L100 3,968 119,872 SH SOLE 119,872 MARSH & MCLENNAN COS INC COMM 571748102 55 580 SH SHARED 580 MASTEC INC. COMM 576323109 86 6,380 SH SHARED 6,380 MATTEL, INC. COMM 577081102 54 3,020 SH SHARED 3,020 MCDONALD'S CORP COMM 580135101 75 2,820 SH SHARED 2,820 MEDTRONIC INC COMM 585055106 118 2,590 SH SHARED 2,590 MEDTRONIC INC COMM 585055106 15,606 341,200 SH SHARED 341,200 MEDTRONIC INC COMM 585055106 10,196 222,914 SH SOLE 222,914 MELLON FINANCIAL CORP COMM 58551A108 7,901 195,000 SH SHARED 195,000 MELLON FINANCIAL CORP COMM 58551A108 5,151 127,120 SH SOLE 127,120 MERCK AND CO INC COMM 589331107 383 5,040 SH SHARED 5,040 MERCK AND CO INC COMM 589331107 15,499 204,200 SH SHARED 204,200 MERCK AND CO INC COMM 589331107 10,549 138,981 SH SOLE 138,981 MERRILL LYNCH & CO. COMM 590188108 105 1,890 SH SHARED 1,890 MERRILL LYNCH & CO. COMM 590188108 12,410 224,000 SH SHARED 224,000 MERRILL LYNCH & CO. COMM 590188108 7,999 144,390 SH SOLE 144,390 MICROSOFT CORP. COMM 594918104 644 11,770 SH SHARED 11,770 MICROSOFT CORP. COMM 594918104 27,468 502,280 SH SHARED 502,280 MICROSOFT CORP. COMM 594918104 17,947 328,172 SH SOLE 328,172 MID-AMERICA APT. COMMUNITIES COMM 59522J103 2,248 100,000 SH SHARED 100,000 MINNESOTA MINING AND MANUFACTURING CO COMM 604059105 91 880 SH SHARED 880 MINNESOTA MINING AND MANUFACTURING CO COMM 604059105 6,234 60,000 SH SHARED 60,000 MINNESOTA MINING AND MANUFACTURING CO COMM 604059105 4,156 40,000 SH SOLE 40,000 MORGAN STANLEY DEAN WITT COMM 617446448 133 2,487 SH SHARED 2,487 MOTOROLA INC COMM 620076109 36 2,550 SH SHARED 2,550 MOTOROLA INC COMM 620076109 2,423 169,920 SH SHARED 169,920 MOTOROLA INC COMM 620076109 1,567 109,870 SH SOLE 109,870 NTL INC COMM 629407107 1,549 61,600 SH SHARED 61,600 NTL INC COMM 629407107 775 30,800 SH SOLE 30,800 NOKIA CORP. ADR COMM 654902204 1,824 76,000 SH SHARED 76,000 NOKIA CORP. ADR COMM 654902204 312 13,000 SH SOLE 13,000 NORTEL NETWORK CORPORATION COMM 656568102 38 2,670 SH SHARED 2,670 NORTEL NETWORK CORPORATION COMM 656568102 5,077 361,320 SH SHARED 361,320 NORTEL NETWORK CORPORATION COMM 656568102 3,380 240,550 SH SOLE 240,550 NORTHROP GRUMMAN CORP COMM 666807102 3,915 45,000 SH SHARED 45,000 NORTHROP GRUMMAN CORP COMM 666807102 2,610 30,000 SH SOLE 30,000 OLD REPUBLIC INTERNATIONAL CORP. COMM 680223104 54 1,900 SH SHARED 1,900 ORACLE CORPORATION COMM 68389X105 94 6,250 SH SHARED 6,250 ORACLE CORPORATION COMM 68389X105 6,573 438,800 SH SHARED 438,800 NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ORACLE CORPORATION COMM 68389X105 4,319 288,346 SH SOLE 288,346 PP&L RESOURCE INC COMM 69351T106 41 940 SH SHARED 940 PEPSICO INC COMM 713448108 45 1,020 SH SHARED 1,020 PEPSICO INC COMM 713448108 5,243 119,300 SH SHARED 119,300 PEPSICO INC COMM 713448108 3,480 79,171 SH SOLE 79,171 (R) PETROCORP INC. COMM 71645N101 8,742 1,731,000 SH SHARED 1,731,000 PFIZER INC COMM 717081103 563 13,740 SH SHARED 13,740 PFIZER INC COMM 717081103 25,932 633,250 SH SHARED 633,250 PFIZER INC COMM 717081103 16,887 412,380 SH SOLE 412,380 PHARMACIA CORP. COMM 71713U102 140 2,780 SH SHARED 2,780 PHARMACIA CORP. COMM 71713U102 7,556 150,000 SH SHARED 150,000 PHARMACIA CORP. COMM 71713U102 4,881 96,900 SH SOLE 96,900 PHILIP MORRIS COS INC COMM 718154107 706 14,870 SH SHARED 14,870 PHILIP MORRIS COS INC COMM 718154107 7,118 150,000 SH SHARED 150,000 PHILIP MORRIS COS INC COMM 718154107 4,745 100,000 SH SOLE 100,000 POPULAR INC COMM 733174106 106 3,610 SH SHARED 3,610 PRICE (T. ROWE) ASSOCIATES COMM 74144T108 53 1,690 SH SHARED 1,690 PROCTER AND GAMBLE COMM 742718109 177 2,820 SH SHARED 2,820 PROCTER AND GAMBLE COMM 742718109 7,512 120,000 SH SHARED 120,000 PROCTER AND GAMBLE COMM 742718109 4,952 79,110 SH SOLE 79,110 PROGRESSIVE CORP. COMM 743315103 96 990 SH SHARED 990 PROLOGIS TRUST COMM 743410102 64 3,210 SH SHARED 3,210 QUAKER OATS COMM 747402105 124 1,280 SH SHARED 1,280 QWEST COMMUNICATIONS COMM 749121109 125 3,560 SH SHARED 3,560 QWEST COMMUNICATIONS COMM 749121109 9,464 270,000 SH SHARED 270,000 QWEST COMMUNICATIONS COMM 749121109 6,200 176,900 SH SOLE 176,900 RELIANT ENERGY INC COMM 75952J108 258 5,710 SH SHARED 5,710 ROBT HALF INTL COMM 770323103 126 5,630 SH SHARED 5,630 ROYAL DUTCH PETROLEUM CO. COMM 780257804 259 4,680 SH SHARED 4,680 SBC COMMUNICATIONS INC. COMM 78387G103 562 12,590 SH SHARED 12,590 SBC COMMUNICATIONS INC. COMM 78387G103 12,111 271,361 SH SHARED 271,361 SBC COMMUNICATIONS INC. COMM 78387G103 7,930 177,685 SH SOLE 177,685 SEI INVESTMENTS COMM 784117103 31 980 SH SHARED 980 SAFEWAY INC. COMM 786514208 57 1,040 SH SHARED 1,040 ST. JOE CORP. COMM 790148100 125 5,490 SH SHARED 5,490 SARA LEE CORP. COMM 803111103 121 5,600 SH SHARED 5,600 SCHERING PLOUGH CORP COMM 806605101 115 3,150 SH SHARED 3,150 SCHLUMBERGER LTD COMM 806857108 78 1,350 SH SHARED 1,350 SCHLUMBERGER LTD COMM 806857108 5,041 87,500 SH SHARED 87,500 SCHLUMBERGER LTD COMM 806857108 3,267 56,703 SH SOLE 56,703 SCHWAB (CHARLES) CORP COMM 808513105 45 2,930 SH SHARED 2,930 SELECT COMFORT COMMON STOCK COMM 81616*106 3,048 4,800,113 SH SHARED 4,800,113 SIEBEL SYSTEMS COMM 826170102 23 840 SH SHARED 840 SOLECTRON CORP. COMM 834182107 4,397 231,300 SH SHARED 231,300 SOLECTRON CORP. 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