UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2002
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BP p.l.c.
Address: Britannic House
1 Finsbury Circus
London EC2m 7BA
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 May, 2002
--------------------------- -------------------- --------------------
[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: 343
-----------
Form 13F Information Table Value Total: $1,151,178
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(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
MARCH 31, 2002
TITLE MARKET
OF VALUE SHARES/ SH/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER CLASS CUSIP ($000) PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
ABBOTT LABORATORIES COM NPV COM 002824100 7,627 145,000 SH DEFINED 01 145,000
ADC TELECOMMS COM 000886101 305 75,000 SH DEFINED 01 75,000
ADOBE SYSTEMS COM NPV COM 00724F101 806 20,000 SH DEFINED 01 20,000
AES COM $US0.01 COM 00130H105 405 45,000 SH DEFINED 01 45,000
AFLAC COM $US0.10 COM 001055102 1,475 50,000 SH DEFINED 01 50,000
AGILENT TECHNOLOGIES COM 00846U101 1,333 38,140 SH DEFINED 01 38,140
AIR PRODUCTS & CHEMS COM $US1 COM 009158106 2,066 40,000 SH DEFINED 01 40,000
ALBERTSONS COM $US1 COM 013104104 1,657 50,000 SH DEFINED 01 50,000
ALCOA COM $US1 COM 013817101 3,585 95,000 SH DEFINED 01 95,000
ALLOS THERAPEUTICS INC COM COM 019777101 446 64,172 SH DEFINED 02 64,172
ALLSTATE COM $US0.01 COM 020002101 2,455 65,000 SH DEFINED 01 65,000
ALLTEL COM $US1 COM 020039103 1,667 30,000 SH DEFINED 01 30,000
ALTERA COM 021441100 875 40,000 SH DEFINED 01 40,000
ALVARION LTD SHS COM M0861T100 235 94,082 SH DEFINED 02 94,082
AMAZON COM 023135106 286 20,000 SH DEFINED 01 20,000
AMBAC FINANCIAL GRP COM 023139108 886 15,000 SH DEFINED 01 15,000
AMER ELEC POWER COM $US6.50 COM 025537101 2,765 60,000 SH DEFINED 01 60,000
AMER HOME PRODUCTS COM $US0.333 COM 026609107 7,878 120,000 SH DEFINED 01 120,000
AMERICA MOVIL A ADR ADR 02364W204 1,949 100,000 SH DEFINED 01 100,000
AMERICA MOVIL L ADR 20ORD ADR 02364W105 993 50,000 SH DEFINED 01 50,000
AMERICAN EXPRESS COM $US0.60 COM 025816109 4,915 120,000 SH DEFINED 01 120,000
AMERICAN INTL GROUP COM $US2.50 COM 026874107 18,064 250,405 SH DEFINED 01 250,405
AMGEN COM $US0.0001 COM 031162100 7,460 125,000 SH DEFINED 01 125,000
AMR CORP COM $US1 COM 001765106 370 14,000 SH DEFINED 01 14,000
AMSOUTH BANCORP COM 032165102 769 35,000 SH DEFINED 01 35,000
ANADARKO PETROLEUM COM $US0.10 COM 032511107 1,411 25,000 SH DEFINED 01 25,000
ANALOG DEVICES COM $US0.1667 COM 032654105 1,802 40,000 SH DEFINED 01 40,000
ANHEUSER BUSCH COM $US1 COM 035229103 4,374 83,800 SH DEFINED 01 83,800
AOL TIME WARNER COM 00184A105 9,342 395,000 SH DEFINED 01 395,000
APACHE COM $US1.25 COM 037411105 1,877 33,000 SH DEFINED 01 33,000
APPLE COMPUTER COM NPV COM 037833100 947 40,000 SH DEFINED 01 40,000
APPLIED IMAGING CORP COM COM 03820G106 110 45,500 SH DEFINED 02 45,500
APPLIED MATERIALS COM NPV COM 038222105 4,287 79,000 SH DEFINED 01 79,000
ASPECT MED SYS INC COM COM 045235108 1,059 119,036 SH DEFINED 02 119,036
AT & T CORP $US1 COM 001957109 4,860 309,547 SH DEFINED 01 309,547
AT & T WIRELESS SERVICES COM 00209A106 2,685 300,000 SH DEFINED 01 300,000
AUTO DATA PROCESS COM $US0.10 COM 053015103 3,205 55,000 SH DEFINED 01 55,000
AVANEX CORP COM COM 05348W109 237 59,116 SH DEFINED 02 59,116
AVAYA COM COM 053499109 188 25,416 SH DEFINED 01 25,416
BAKER HUGHES COM $US1 COM 057224107 1,148 30,000 SH DEFINED 01 30,000
BANK OF AMERICA COM $US0.01 COM 060505104 10,203 150,000 SH DEFINED 01 150,000
BANK OF NEW YORK COM $US7.50 COM 064057102 3,362 80,000 SH DEFINED 01 80,000
BANK ONE COM $US0.01 COM 06423A103 4,596 110,000 SH DEFINED 01 110,000
BARRICK GOLD ($US) COM 067901108 371 20,000 SH DEFINED 01 20,000
BAXTER INTERNATIONAL COM $US1 COM 071813109 3,571 60,000 SH DEFINED 01 60,000
BB&T COM 054937107 2,287 60,000 SH DEFINED 01 60,000
BE FREE INC COM COM 073308108 550 333,088 SH DEFINED 02 333,088
BECTON DICKINSON COM $US1 COM 075887109 943 25,000 SH DEFINED 01 25,000
BELL ATLANTIC COM $US0.10 COM 077853109 11,977 259,800 SH DEFINED 01 259,800
BELLSOUTH COM $US1 COM 079860102 5,898 160,000 SH DEFINED 01 160,000
BERKSHIRE HATHAWAY A COM 084670108 9,954 140 SH DEFINED 01 140
BEST BUY COM 086516101 1,584 20,000 SH DEFINED 01 20,000
BIOGEN COM $US0.01 COM 090597105 687 14,000 SH DEFINED 01 14,000
BJ'S WHOLESALE CLUB COM 05548J106 447 10,000 SH DEFINED 01 10,000
BLACK & DECKER COM $US0.50 COM 091797100 465 10,000 SH DEFINED 01 10,000
BMC SOFTWARE COM $US0.01 COM 055921100 584 30,000 SH DEFINED 01 30,000
BOEING COM $US5 COM 097023105 3,378 70,000 SH DEFINED 01 70,000
BOSTON SCIENTIFIC COM $US0.01 COM 101137107 753 30,000 SH DEFINED 01 30,000
BRISTOL MYERS SQUIBB COM $US0.10 COM 110122108 7,086 175,000 SH DEFINED 01 175,000
BROADCOM CL A COM 111320107 754 21,000 SH DEFINED 01 21,000
BURLINGTON NTH SANTA COM $US0.01 COM 12189T104 1,811 60,000 SH DEFINED 01 60,000
CABLEVISION COM 12686C844 370 15,000 SH DEFINED 01 15,000
CAP ONE FINL COM 14040H105 1,277 20,000 SH DEFINED 01 20,000
CARDINAL HEALTH COM 14149Y108 3,367 47,500 SH DEFINED 01 47,500
CARNIVAL CORP CL A $US0.01 COM 143658102 1,469 45,000 SH DEFINED 01 45,000
CARSO GLOBAL TELECOM ADR (2 ORD) ADR 14574P107 3,264 640,000 SH DEFINED 01 640,000
CATERPILLAR COM $US1 COM 149123101 2,814 49,500 SH DEFINED 01 49,500
CEMEX ADR PART CER(5 CPO) ADR 151290889 2,511 85,000 SH DEFINED 01 85,000
CENDANT COM $US0.01 COM 151313103 1,728 90,000 SH DEFINED 01 90,000
CENTURYTEL COM $US1 COM 156700106 680 20,000 SH DEFINED 01 20,000
CERIDIAN COM 15677T106 221 10,000 SH DEFINED 01 10,000
CHASE MANHATTAN COM 16161A108 12,688 356,507 SH DEFINED 01 356,507
CHASE MANHATTAN COM $US1.00 COM 16161A108 6,613 185,500 SH DEFINED 01 185,500
CHEVRON COM $US1.50 COM 166751107 9,483 105,050 SH DEFINED 01 105,050
CHUBB COM 171232101 1,097 15,000 SH DEFINED 01 15,000
CIENA COM 171779101 270 30,000 SH DEFINED 01 30,000
CIGNA COM $US1 COM 125509109 1,724 17,000 SH DEFINED 01 17,000
CISCO SYS INC COM COM 17275R102 2,348 138,710 SH DEFINED 02 138,710
CISCO SYSTEMS COM $US0.001 COM 17275R102 12,359 730,000 SH DEFINED 01 730,000
CITIGROUP COM $US0.01 COM 172967101 24,744 499,669 SH DEFINED 01 499,669
CITRIX SYSTEMS COM $US0.001 COM 177376100 518 30,000 SH DEFINED 01 30,000
CLEAR CHANNEL COMM COM $US0.10 COM 184502102 3,599 70,000 SH DEFINED 01 70,000
CMGI INC COM COM 125750109 170 125,869 SH DEFINED 02 125,869
COCA COLA $US0.25 COM 191216100 12,020 230,000 SH DEFINED 01 230,000
COLGATE-PALMOLIVE COM $US1 COM 194162103 4,572 80,000 SH DEFINED 01 80,000
COMCAST A SPECIAL COM $US1 COM 200300200 3,180 100,000 SH DEFINED 01 100,000
COMERICA COM 200340107 1,877 30,000 SH DEFINED 01 30,000
COMPAQ COMPUTER COM $US0.01 COM 204493100 1,829 175,000 SH DEFINED 01 175,000
COMPUTER ASSOC INTL COM $US0.10 COM 204912109 1,423 65,000 SH DEFINED 01 65,000
COMPUTER SCIENCES COM $US1 COM 205363104 1,523 30,000 SH DEFINED 01 30,000
COMPUWARE COM $US0.01 COM 205638109 516 40,000 SH DEFINED 01 40,000
COMVERSE TECHNOLOGY COM $US0.1 COM 205862402 380 30,000 SH DEFINED 01 30,000
CONCORD COMMUNICATIONS INC COM COM 206186108 1,530 72,363 SH DEFINED 02 72,363
CONCORD EFS COM 206197105 1,829 55,000 SH DEFINED 01 55,000
CONEXANT SYS INC COM COM 207142100 1,008 83,659 SH DEFINED 02 83,659
CONEXANT SYSTEMS COM $US0.01 COM 207142100 217 18,000 SH DEFINED 01 18,000
CONNETICS CORP COM COM 208192104 125 12,890 SH DEFINED 02 12,890
CONOCO COM 208251504 2,189 75,000 SH DEFINED 01 75,000
CONS EDISON NY COM $US0.10 COM 209115104 1,886 45,000 SH DEFINED 01 45,000
COSTCO WHOLESALE COM $US0.10 COM 22160K105 1,672 42,000 SH DEFINED 01 42,000
COX COMMUNICATIONS CL A COM 224044107 1,129 30,000 SH DEFINED 01 30,000
CP&L ENERGY COM NPV COM 144141108 2,002 40,000 SH DEFINED 01 40,000
CREATIVE TECHNOLOGY COM $S0.25 COM 225290402 1,823 150,000 SH DEFINED 01 150,000
DARDEN RESTAURANTS COM 237194105 1,218 30,000 SH DEFINED 01 30,000
DAYTON HUDSON COM $US0.1667 COM 239753106 5,174 120,000 SH DEFINED 01 120,000
DEERE & CO COM $US1 COM 244199105 1,367 30,000 SH DEFINED 01 30,000
DELL COMPUTERS COM $US0.01 COM 247025109 6,136 235,000 SH DEFINED 01 235,000
DELPHI AUTO SYSTEMS COM $US0.01 COM 247126105 1,846 115,430 SH DEFINED 01 115,430
DISNEY(WALT) COM $US0.01 COM 254687106 4,616 200,000 SH DEFINED 01 200,000
DOLLAR GENERAL COM $US0.50 COM 256669102 427 26,250 SH DEFINED 01 26,250
DOMINION RESCOM (NEW) COM 257470104 2,281 35,000 SH DEFINED 01 35,000
DOW CHEMICAL COM $US2.50 COM 260543103 3,272 100,000 SH DEFINED 01 100,000
DTE ENERGY COM NPV COM 233331107 1,365 30,000 SH DEFINED 01 30,000
DU PONT (EI) DE NEMOURS $US0.30 COM 263534109 4,951 105,000 SH DEFINED 01 105,000
DUKE ENERGY COM NPV COM 264399106 3,024 80,000 SH DEFINED 01 80,000
EBAY COM 278642103 963 17,000 SH DEFINED 01 17,000
EL PASO ENERGY COM $US3 COM 28368B102 3,386 76,900 SH DEFINED 01 76,900
ELECTRONIC DATA SYST COM $US0.01 COM 285661104 2,465 42,500 SH DEFINED 01 42,500
E-LOAN INC COM COM 26861P107 29 15,850 SH DEFINED 02 15,850
EMC COM $US0.01 COM 268648102 2,384 200,000 SH DEFINED 01 200,000
EMERSON ELECTRIC COM $US1 COM 291011104 1,722 30,000 SH DEFINED 01 30,000
ENGELHARD COM 292845104 621 20,000 SH DEFINED 01 20,000
EQ OFFICE PROP TST COM 294741103 1,500 50,000 SH DEFINED 01 50,000
EXULT INC COM 302284104 64,019 5,867,892 SH SOLE 5,867,892
EXXON MOBIL COM NPV COM 30231G102 30,243 690,000 SH DEFINED 01 690,000
FANNIE MAE COM NPV COM 313586109 8,387 105,000 SH DEFINED 01 105,000
FDX COM $US0.10 COM 31428X106 1,743 30,000 SH DEFINED 01 30,000
FEDERATED DEPT STORES $US0.01 COM 31410H101 817 20,000 SH DEFINED 01 20,000
FIFTH THIRD BANCORP COM NPV COM 316773100 5,061 75,000 SH DEFINED 01 75,000
FIRST DATA COM $US0.01 COM 319963104 3,490 40,000 SH DEFINED 01 40,000
FIRST UNION COM $US3.333 COM 337358105 4,450 120,000 SH DEFINED 01 120,000
FLEET BOSTON FINANCE COM $US0.01 COM 339030108 4,515 129,000 SH DEFINED 01 129,000
FLUOR COM 343861100 816 20,000 SH DEFINED 01 20,000
FOMENTO ECO MEX ADR (1B/2DB/2DL) ADR 344419106 2,225 47,200 SH DEFINED 01 47,200
FORD MOTOR (NEW) COM 345370860 3,333 202,097 SH DEFINED 01 202,097
FPL GROUP COM $US0.01 COM 302571104 1,012 17,000 SH DEFINED 01 17,000
FRANKLIN RESOURCES COM 354613101 838 20,000 SH DEFINED 01 20,000
FREDDIE MAC COM $US0.21 COM 313400301 4,246 67,000 SH DEFINED 01 67,000
GANNETT COM 364730101 3,425 45,000 SH DEFINED 01 45,000
GAP COM $US0.05 COM 364760108 978 65,000 SH DEFINED 01 65,000
GEDEON RICHTER GDR GDR 368467304 5,888 92,000 SH DEFINED 01 92,000
GENERAL ELECTRIC COM $US0.16 COM 369604103 36,327 970,000 SH DEFINED 01 970,000
GENERAL MILLS COM 370334104 2,931 60,000 SH DEFINED 01 60,000
GENERAL MOTORS COM $US1.67 COM 370442105 3,183 52,647 SH DEFINED 01 52,647
GILLETTE COM $US1 COM 375766102 3,401 100,000 SH DEFINED 01 100,000
GLOBALSANTAFE COM G3930E101 870 26,600 SH DEFINED 01 26,600
GOLDEN WEST FINL COM 381317106 953 15,000 SH DEFINED 01 15,000
GPO CARSO ADR (2 A1) ADR 400485207 803 100,000 SH DEFINED 01 100,000
GPO TELEVISA GDR (2 PTG CERT) GDR 40049J206 1,455 30,000 SH DEFINED 01 30,000
GUIDANT SHS NPV COM 401698105 1,213 28,000 SH DEFINED 01 28,000
HARLEY DAVIDSON COM 412822108 1,378 25,000 SH DEFINED 01 25,000
HARRAHS ENTERTAINMENT COM 413619107 885 20,000 SH DEFINED 01 20,000
HARTFORD FINL SERV COM $US0.01 COM 416515104 3,372 49,500 SH DEFINED 01 49,500
HCA - THE HEALTHCARE COM $US0.01 COM 404119109 2,645 60,000 SH DEFINED 01 60,000
HEINZ (HJ) COM $US0.25 COM 423074103 1,868 45,000 SH DEFINED 01 45,000
HELLENIC TELECOM ADR (OTE) ADR 423325307 208 27,778 SH DEFINED 01 27,778
HEWLETT PACKARD COM $US0.01 COM 428236103 2,243 125,000 SH DEFINED 01 125,000
HILTON HOTELS COM 432848109 715 50,000 SH DEFINED 01 50,000
HOME DEPOT COM $US0.05 COM 437076102 10,694 220,000 SH DEFINED 01 220,000
HONEYWELL INTL COM $US1 COM 438516106 2,679 70,000 SH DEFINED 01 70,000
HOUSEHOLD INTERNATIONAL COM $US1 COM 441815107 2,414 42,500 SH DEFINED 01 42,500
HYBRID NETWORKS INC COM COM 44860K102 1 63,945 SH DEFINED 02 63,945
IBASIS INC COM COM 450732102 202 237,264 SH DEFINED 02 237,264
ILLINOIS TOOL WKS COM NPV COM 452308109 1,990 27,500 SH DEFINED 01 27,500
INDIA FUND COM $US0.001 COM 454089103 3,699 354,000 SH DEFINED 01 354,000
INDOSAT ADR (10 B) ADR 715680104 3,105 300,000 SH DEFINED 01 300,000
INDUSTRIE NATUZZI ADR (1 ORD) COM 456478106 2,675 181,340 SH DEFINED 01 181,340
INGERSOLL RAND CLASS A COM G4776G101 1,100 22,000 SH DEFINED 01 22,000
INKTOMI CORP COM COM 457277101 58 16,888 SH DEFINED 02 16,888
INTEL COM $US0.001 COM 458140100 20,071 660,000 SH DEFINED 01 660,000
INTERNATIONAL PAPER COM $US1 COM 460146103 1,935 45,000 SH DEFINED 01 45,000
INTERPUBLIC COM $US0.10 COM 460690100 1,371 40,000 SH DEFINED 01 40,000
INTL BUSINESS MACHN COM $US0.20 COM 459200101 16,744 161,000 SH DEFINED 01 161,000
IONA TECH ADR (1 ORD) ADR 46206P109 1,100 65,000 SH DEFINED 01 65,000
JDS UNIPHASE COM 46612J101 634 107,700 SH DEFINED 01 107,700
JOHN HANCOCK FIN SVS COM $US0.01 COM 410145106 1,146 30,000 SH DEFINED 01 30,000
JOHNSON & JOHNSON COM $US1 COM 478160104 18,485 284,600 SH DEFINED 01 284,600
KELLOGG COM 487836108 1,679 50,000 SH DEFINED 01 50,000
KERR MCGEE COM $US1 COM 492386107 629 10,000 SH DEFINED 01 10,000
KEYCORP COM 493267108 1,399 52,500 SH DEFINED 01 52,500
KIMBERLY CLARK ADR (5A) ADR 494368204 850 50,000 SH DEFINED 01 50,000
KIMBERLY CLARK COM $US1.25 COM 494368103 3,233 50,000 SH DEFINED 01 50,000
KLA TENCOR COM $US0.001 COM 482480100 1,131 17,000 SH DEFINED 01 17,000
KOHLS COM 500255104 2,561 36,000 SH DEFINED 01 36,000
KROGER COM $US1 COM 501044101 2,438 110,000 SH DEFINED 01 110,000
LEHMAN BROS HDG COM 524908100 1,616 25,000 SH DEFINED 01 25,000
LEXMARK INT CLASS A COM 529771107 572 10,000 SH DEFINED 01 10,000
LIBERTY MEDIA CL A COM 530718105 3,539 280,000 SH DEFINED 01 280,000
LILLY(ELI) & CO COM NPV COM 532457108 8,382 110,000 SH DEFINED 01 110,000
LIMITED COM $US0.50 COM 532716107 716 40,000 SH DEFINED 01 40,000
LINCOLN NATIONAL COM COM 534187109 1,522 30,000 SH DEFINED 01 30,000
LINEAR TECHNOLOGY COM 535678106 1,327 30,000 SH DEFINED 01 30,000
LOCKHEED MARTIN COM COM 539830109 2,879 50,000 SH DEFINED 01 50,000
LOWES COM $US0.50 COM 548661107 3,479 80,000 SH DEFINED 01 80,000
LSI LOGIC COM $US0.01 COM 502161102 595 35,000 SH DEFINED 01 35,000
LUCENT TECHNOLOGIES COM $US0.01 COM 549463107 1,041 220,000 SH DEFINED 01 220,000
MANULIFE FINL CORP COM (ARCO) COM 56501R106 66,124 2,408,906 SH SOLE 2,408,906
MARRIOTT COM 571903202 899 20,000 SH DEFINED 01 20,000
MARSH & MCLENNAN COM $US1 COM 571748102 3,382 30,000 SH DEFINED 01 30,000
MASCO COM $US1 COM 574599106 1,647 60,000 SH DEFINED 01 60,000
MATAV RT ADR (5B) ADR 576561104 874 50,000 SH DEFINED 01 50,000
MAXIM INTEGRATED COM 57772K101 1,504 27,000 SH DEFINED 01 27,000
MBIA COM 55262C100 820 15,000 SH DEFINED 01 15,000
MBNA COM 55262L100 3,471 90,000 SH DEFINED 01 90,000
MCDONALDS COM $US0.01 COM 580135101 3,746 135,000 SH DEFINED 01 135,000
MCGRAW HILL COM 580645109 1,229 18,000 SH DEFINED 01 18,000
MCI WORLDCOM COM $US0.01 COM 55268B106 2,089 310,000 SH DEFINED 01 310,000
MCKESSON HBOC COM $US0.01 COM 58155Q103 1,497 40,000 SH DEFINED 01 40,000
MEADWEST COM 583334107 663 20,000 SH DEFINED 01 20,000
MEDIMMUNE SYSTEMS COM 584699102 1,180 30,000 SH DEFINED 01 30,000
MEDTRONIC COM $US0.10 COM 585055106 5,199 115,000 SH DEFINED 01 115,000
MELLON FINANCIAL COM $US0.5 COM 58551A108 1,717 44,500 SH DEFINED 01 44,500
MERANT GROUP ADR (5 ORD) ADR 587336108 812 99,000 SH DEFINED 01 99,000
MERCK COM NPV COM 589331107 12,236 212,500 SH DEFINED 01 212,500
MERRILL LYNCH COM $US1.333 COM 590188108 4,430 80,000 SH DEFINED 01 80,000
METLIFE COM 59156R108 2,205 70,000 SH DEFINED 01 70,000
MICRON TECHNOLOGY COM $US0.10 COM 595112103 1,974 60,000 SH DEFINED 01 60,000
MICROSOFT COM $US0.000012 COM 594918104 31,964 530,000 SH DEFINED 01 530,000
MILLENIUM PHARM COM 599902103 669 30,000 SH DEFINED 01 30,000
MINNESOTA MINING COM NPV COM 604059105 4,600 40,000 SH DEFINED 01 40,000
MOLEX COM $US0.05 COM 608554101 520 15,000 SH DEFINED 01 15,000
MOODY'S COM COM 615369105 822 20,000 SH DEFINED 01 20,000
MORGAN ST DEAN WIT COM $US0.01 COM 617446448 6,304 110,000 SH DEFINED 01 110,000
MOTOROLA COM $US3 COM 620076109 2,975 209,500 SH DEFINED 01 209,500
MOTOROLA INC COM COM 620076109 1,209 85,163 SH DEFINED 02 85,163
NATIONAL CITY COM $US4 COM 635405103 1,692 55,000 SH DEFINED 01 55,000
NATL SEMICONDUCTOR COM $US0.50 COM 637640103 674 20,000 SH DEFINED 01 20,000
NEW YORK TIMES A COM $US0.10 COM 650111107 1,675 35,000 SH DEFINED 01 35,000
NEWELL RUBBERMAID COM $US1 COM 651229106 959 30,000 SH DEFINED 01 30,000
NEXTEL COMMS CL A $US0.001 COM 65332V103 377 70,000 SH DEFINED 01 70,000
NIKE B COM NPV COM 654106103 900 15,000 SH DEFINED 01 15,000
NORFOLK SOUTHERN COM 655844108 1,197 50,000 SH DEFINED 01 50,000
NORTEL NETWORKS CORP NEW COM COM 656568102 357 79,568 SH DEFINED 02 79,568
NORTH FORK BANCORP COM $US2.50 COM 659424105 2,685 75,500 SH DEFINED 01 75,500
NORTHERN TRUST COM 665859104 1,352 22,500 SH DEFINED 01 22,500
NORTHROP GRUMMAN COM $US1.00 COM 666807102 1,809 16,000 SH DEFINED 01 16,000
OMNICOM GRP COM 681919106 2,039 21,600 SH DEFINED 01 21,600
ORACLE COM $US0.01 COM 68389X105 8,192 640,000 SH DEFINED 01 640,000
ORBOTECH COM COM M75253100 3,849 122,500 SH DEFINED 01 122,500
PARAMETRIC TECHNOLOGY CORP COM COM 699173100 175 28,931 SH DEFINED 02 28,931
PARKER HANNIFIN COM $US0.50 COM 701094104 963 19,300 SH DEFINED 01 19,300
PAYCHEX COM 704326107 1,787 45,000 SH DEFINED 01 45,000
PE CORP-PE BIOSYSTEMS GRP $US1 COM 693325102 447 20,000 SH DEFINED 01 20,000
PEPSICO CAP $US0.016666 COM 713448108 9,522 184,900 SH DEFINED 01 184,900
PFIZER COM $US0.05 COM 717081103 24,838 625,000 SH DEFINED 01 625,000
PHARMACIA COM 71713U102 5,912 131,150 SH DEFINED 01 131,150
PHILIP MORRIS COM $US0.33 COM 718154107 11,587 220,000 SH DEFINED 01 220,000
PHILLIPS PETROLEUM COM $US1.25 COM 718507106 2,198 35,000 SH DEFINED 01 35,000
PHOENIX COS INC NEW COM 71902E109 1,955 101,817 SH SOLE 101,817
PITNEY BOWES COM $US1.00 COM 724479100 1,070 25,000 SH DEFINED 01 25,000
PPG INDUSTRIES COM $US1.6667 COM 693506107 1,098 20,000 SH DEFINED 01 20,000
PPL COM 69351T106 495 12,500 SH DEFINED 01 12,500
PRAXAIR COM $US0.01 COM 74005P104 897 15,000 SH DEFINED 01 15,000
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 262 10,354 SH SOLE 10,354
PROCTER & GAMBLE COM NPV COM 742718109 11,892 132,000 SH DEFINED 01 132,000
PROKOM SOFTWARE GDR (1/2) REG S GDR 743394207 644 35,000 SH DEFINED 01 35,000
PROVIDIAN FINANCIAL COM 74406A102 189 25,000 SH DEFINED 01 25,000
PUBLIC SERVICE ENT COM NPV COM 744573106 1,374 30,000 SH DEFINED 01 30,000
QUALCOMM COM $US0.0001 COM 747525103 2,258 60,000 SH DEFINED 01 60,000
QWEST COMMS INTL COM 749121109 822 100,000 SH DEFINED 01 100,000
RADIOSHACK COM 750438103 601 20,000 SH DEFINED 01 20,000
RAYTHEON COM 755111507 1,026 25,000 SH DEFINED 01 25,000
RELIANT ENERGY COM NPV COM 75952J108 1,547 60,000 SH DEFINED 01 60,000
ROC TAIWAN FUND SBI NPV COM 749651105 1,119 220,284 SH DEFINED 01 220,284
ROCKWELL COLLINS COM 774341101 757 30,000 SH DEFINED 01 30,000
ROCKWELL INTL COM 773903109 602 30,000 SH DEFINED 01 30,000
ROHM & HAAS COM 775371107 1,268 30,000 SH DEFINED 01 30,000
SABA SOFTWARE INC COM COM 784932105 397 95,570 SH DEFINED 02 95,570
SAFEWAY COM 786514208 900 20,000 SH DEFINED 01 20,000
SANMINA COM 800907107 1,175 100,000 SH DEFINED 01 100,000
SARA LEE COM $US1.3333 COM 803111103 2,387 115,000 SH DEFINED 01 115,000
SBC COMMUNICATIONS COM $US1 COM 78387G103 11,232 300,000 SH DEFINED 01 300,000
SCHERING PLOUGH COM $US0.50 COM 806605101 4,226 135,000 SH DEFINED 01 135,000
SCHLUMBERGER COM $US0.01 COM 806857108 3,235 55,000 SH DEFINED 01 55,000
SCHOLASTIC COM 807066AA3 488 9,000 SH DEFINED 01 9,000
SCHWAB (CHARLES) COM $US0.01 COM 808513105 1,702 130,000 SH DEFINED 01 130,000
SCIENT INC COM COM 808649107 5 44,153 SH DEFINED 02 44,153
SEALED AIR (NEW) COM 81211K100 942 20,000 SH DEFINED 01 20,000
SEARS ROEBUCK COM 812387108 1,538 30,000 SH DEFINED 01 30,000
SIEBEL SYSCOM COM 826170102 1,957 60,000 SH DEFINED 01 60,000
SIGMA ALDRICH COM 826552101 470 10,000 SH DEFINED 01 10,000
SIMON PROPERTY GROUP COM 828806109 848 26,000 SH DEFINED 01 26,000
SOLECTRON COM $US0.001 COM 834182107 995 127,550 SH DEFINED 01 127,550
SONUS NETWORKS INC COM COM 835916107 1,557 594,366 SH DEFINED 02 594,366
SOUTHERN CO COM $US5 COM 842587107 3,974 150,000 SH DEFINED 01 150,000
SOUTHWEST AIRLINES COM 844741108 1,742 90,000 SH DEFINED 01 90,000
SPEECHWORKS INTL INC COM COM 84764M101 1,607 205,026 SH DEFINED 02 205,026
SPRINT (PCS GRP) COM $US1.00 COM 852061506 823 80,000 SH DEFINED 01 80,000
SPRINT COM (FON GROUP) $US2.50 COM 852061100 765 50,000 SH DEFINED 01 50,000
SPX 0 COM 784635104 708 5,000 SH DEFINED 01 5,000
ST PAULS COM 792860108 1,376 30,000 SH DEFINED 01 30,000
STAPLES COM $US0.0006 COM 855030102 999 50,000 SH DEFINED 01 50,000
STARWOOD HOTEL & RES CLB COM 85590A203 1,655 44,000 SH DEFINED 01 44,000
STATE STREET COM 857477103 1,301 23,500 SH DEFINED 01 23,500
STET HELLAS TELECOM ADR ADR 859823106 398 57,737 SH DEFINED 01 57,737
STILWELL FINANCIAL COM 860831106 732 29,900 SH DEFINED 01 29,900
SUN MICROSYSTEMS COM $US0.0006 COM 866810104 3,175 360,000 SH DEFINED 01 360,000
SYNOVUS FINANCIAL COM 87161C105 762 25,000 SH DEFINED 01 25,000
SYSCO COM $US1 COM 871829107 2,087 70,000 SH DEFINED 01 70,000
TELEFONOS DE MEXI ADR(1O) ADR 879403707 5,387 135,000 SH DEFINED 01 135,000
TELEFONOS MEXICO ADR(20L) ADR 879403780 909 22,500 SH DEFINED 01 22,500
TEMPLE INLAND COM $US1 COM 879868107 567 10,000 SH DEFINED 01 10,000
TENET HEALTHCARE COM $US0.15 COM 88033G103 2,681 40,000 SH DEFINED 01 40,000
TERADYNE COM $US0.125 COM 880770102 789 20,000 SH DEFINED 01 20,000
TEXAS INSTRUMENTS COM $US1 COM 882508104 6,289 190,000 SH DEFINED 01 190,000
TEXTRON COM 883203101 1,533 30,000 SH DEFINED 01 30,000
TJX COM $US1 COM 872540109 1,400 35,000 SH DEFINED 01 35,000
TOTAL ACCESS COMMS THB10 ($S) COM 891490108 3,425 2,500,000 SH DEFINED 01 2,500,000
TOYS R US HOLDINGS COM 892335100 359 20,000 SH DEFINED 01 20,000
TRANSOCEAN SEDCO FOREX $US0.01 COM G90078109 997 30,000 SH DEFINED 01 30,000
TRIBUNE (DEL) COM 896047107 455 10,000 SH DEFINED 01 10,000
TUBOS DE ACERO ADR (1 ORD) ADR 898592501 567 53,000 SH DEFINED 01 53,000
TXU COM 873168108 2,180 40,000 SH DEFINED 01 40,000
TYCO INTL COM $US0.2 COM 902124106 7,110 220,000 SH DEFINED 01 220,000
UNION PACIFIC COM 907818108 1,398 22,500 SH DEFINED 01 22,500
UNISYS COM $US0.01 COM 909214108 379 30,000 SH DEFINED 01 30,000
UNITED HEALTHCARE COM $US0.01 COM 910581107 3,057 40,000 SH DEFINED 01 40,000
UNITED TECHNOLOGIES COM $US1 COM 913017109 4,081 55,000 SH DEFINED 01 55,000
UNIVERSAL COMPRESSION HLDGS I COM COM 913431102 1,430 54,151 SH DEFINED 02 54,151
US BANCORP COM 917292104 4,063 180,000 SH DEFINED 01 180,000
UST COM 902911106 1,363 35,000 SH DEFINED 01 35,000
USX-MARATHON GROUP COM $US1 COM 902905827 1,440 50,000 SH DEFINED 01 50,000
VA SOFTWARE CORP COM COM 91819B105 99 58,270 SH DEFINED 02 58,270
VERITAS SOFTWARE CO $US0.001 COM 923436109 2,364 53,930 SH DEFINED 01 53,930
VERSATA INC COM COM 925298101 90 132,019 SH DEFINED 02 132,019
VIACOM CL B N/VTG COM $US0.01 COM 925524308 7,425 153,500 SH DEFINED 01 153,500
VIGNETTE CORP COM COM 926734104 107 30,974 SH DEFINED 02 30,974
VINA TECHNOLOGIES INC COM COM 92719D100 12 16,267 SH DEFINED 02 16,267
VISHAY INTERTECH COM 928298108 509 25,000 SH DEFINED 01 25,000
VISTEON COM $US1 COM 92839U107 662 40,000 SH DEFINED 01 40,000
VITRIA TECHNOLOGY INC COM COM 92849Q104 463 117,333 SH DEFINED 02 117,333
VIVENDI UNIVERSAL ADR ADR 92851S204 431 11,200 SH DEFINED 01 11,200
WAL MART STORES COM $US0.10 COM 931142103 21,455 350,000 SH DEFINED 01 350,000
WALGREEN COM 931422109 3,715 94,800 SH DEFINED 01 94,800
WASHINGTON MUTUAL COM NPV COM 939322103 2,899 87,500 SH DEFINED 01 87,500
WASTE MANAGEMENT COM $US0.01 COM 94106L109 1,908 70,000 SH DEFINED 01 70,000
WELLS FARGO COM $US1.6667 COM 949746101 8,892 180,000 SH DEFINED 01 180,000
WEYERHAEUSER COM $US1.25 COM 962166104 2,336 37,168 SH DEFINED 01 37,168
WILLIAMS COM $US1 COM 969457100 942 40,000 SH DEFINED 01 40,000
WYNDHAM INTL INC CL A COM 983101106 15 17,014 SH DEFINED 02 17,014
XILINX COM 983919101 1,196 30,000 SH DEFINED 01 30,000
YAHOO COM $US0.00017 COM 984332106 739 40,000 SH DEFINED 01 40,000
ZIMMER COM 98956P102 596 17,500 SH DEFINED 01 17,500
TOTAL 1,151,178