UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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:
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: Mr. Peter B.P. Bevan
Title: Executive Vice President and Group General Counsel
Phone: 020 7496 4013
Signature, Place, and Date of Signing:
/s/Peter B. Pugh Bevan City of London 7 August 2003_
----------------------- ------------------ --------------
[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: 330
----------
Form 13F Information Table Value Total: $ 1,096,495
-----------
(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
JUNE 30, 2003
TITLE MARKET
OF VALUE SHARES/ SH/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER CLASS CUSIP ($000) PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
1ST DATA CPUSD0.01 COM 319963104 4,185 101,000 SH DEFINED 1 101,000
3COM CORP COM 885535104 187 40,000 SH DEFINED 1 40,000
3M COM 88579Y101 5,998 46,500 SH DEFINED 1 46,500
5TH 3RD BANCO NPV COM 316773100 3,956 69,000 SH DEFINED 1 69,000
ABBOTT LABS COM 002824100 7,745 177,000 SH DEFINED 1 177,000
ADOBE SYSTEMS COM 00724F101 1,283 40,000 SH DEFINED 1 40,000
AFLAC$0.10 COM 001055102 1,953 63,500 SH DEFINED 1 63,500
AIR PROD&CHEM COM 009158106 1,664 40,000 SH DEFINED 1 40,000
ALBERTSON'S COM 013104104 672 35,000 SH DEFINED 1 35,000
ALCOA INC COM 013817101 2,677 105,000 SH DEFINED 1 105,000
ALLOS THERAPEUTICS USD0.001 COM 019777101 134 44,172 SH DEFINED 2 44,172
ALLSTATE CORP$0.01 COM 020002101 3,030 85,000 SH DEFINED 1 85,000
ALLTEL COM 020039103 1,929 40,000 SH DEFINED 1 40,000
ALTERA CP COM 021441100 656 40,000 SH DEFINED 1 40,000
ALTRIA GRP INC COM 718154107 10,451 230,000 SH DEFINED 1 230,000
AMAZON COM COM 023135106 1,460 40,000 SH DEFINED 1 40,000
AMBAC FIN COM 023139108 663 10,000 SH DEFINED 1 10,000
AMDOCS COM G02602103 480 20,000 SH DEFINED 1 20,000
AMER EXPRS COM 025816109 5,958 142,500 SH DEFINED 1 142,500
AMER INT GR COM 026874107 16,604 300,905 SH DEFINED 1 300,905
AMER MOV ADR20 ADR 02364W105 1,125 60,000 SH DEFINED 1 60,000
AMER MOV ADR20 ADR 02364W204 1,827 100,000 SH DEFINED 1 100,000
AMEREN$0.01 COM 023608102 1,544 35,000 SH DEFINED 1 35,000
AMGEN$0.0001 COM 031162100 10,498 158,000 SH DEFINED 1 158,000
AMSOUTH BNCP COM 032165102 983 45,000 SH DEFINED 1 45,000
ANADARKO PET COM 032511107 1,334 30,000 SH DEFINED 1 30,000
ANALOG$0.166 COM 032654105 1,393 40,000 SH DEFINED 1 40,000
ANHEUSER COM 035229103 5,942 116,400 SH DEFINED 1 116,400
AOL TIME WARNER COM 00184A105 7,562 470,000 SH DEFINED 1 470,000
APACHE CORP$1.25 COM 037411105 1,366 21,000 SH DEFINED 1 21,000
APP MATERIAL COM 038222105 3,140 198,000 SH DEFINED 1 198,000
APPLE COM NPV COM 037833100 765 40,000 SH DEFINED 1 40,000
APPLERA BIOSYS COM 038020103 381 20,000 SH DEFINED 1 20,000
ARGLNT TECH COM 00846U101 978 50,000 SH DEFINED 1 50,000
AT&T CORP COM 001957505 1,596 82,909 SH DEFINED 1 82,909
AT&T WIRELESS COM 00209A106 2,463 300,000 SH DEFINED 1 300,000
AT&T-LIB MED CORP COM 530718105 3,597 311,200 SH DEFINED 1 311,200
AUTO DATA$0.10 COM 053015103 2,201 65,000 SH DEFINED 1 65,000
AVON PRODS COM 054303102 1,866 30,000 SH DEFINED 1 30,000
BAKER HUGHES$1 COM 057224107 1,259 37,500 SH DEFINED 1 37,500
BANK ONE CP COM 06423A103 4,833 130,000 SH DEFINED 1 130,000
BAXTER INTL COM 071813109 2,236 86,000 SH DEFINED 1 86,000
BB&T CP USD5 COM 054937107 1,715 50,000 SH DEFINED 1 50,000
BEA SYSTEM$0.001 COM 073325102 652 60,000 SH DEFINED 1 60,000
BECTON DICK$1 COM 075887109 971 25,000 SH DEFINED 1 25,000
BED BATH&BYND$0.01 COM 075896100 776 20,000 SH DEFINED 1 20,000
BELLSOUTH COM 079860102 5,592 210,000 SH DEFINED 1 210,000
BERKSHIRE HATH'A' COM 084670108 10,150 140 SH DEFINED 1 140
BEST BUY$0.10 COM 086516101 1,647 37,500 SH DEFINED 1 37,500
BK NEWYORK$7.50 COM 064057102 2,013 70,000 SH DEFINED 1 70,000
BK OF AMER USD.01 COM 060505104 15,016 190,000 SH DEFINED 1 190,000
BLACK&DECKER$0.50 COM 091797100 869 20,000 SH DEFINED 1 20,000
BLOCK(H&R)NPV COM 093671105 779 18,000 SH DEFINED 1 18,000
BMC SOFTWARE COM 055921100 735 45,000 SH DEFINED 1 45,000
BOEING COM 097023105 3,020 88,000 SH DEFINED 1 88,000
BOSTON SCIEN $0.01 COM 101137107 2,750 45,000 SH DEFINED 1 45,000
BROADCOM COM 111320107 523 21,000 SH DEFINED 1 21,000
BRSTL-MYER SQ!0.10 COM 110122108 5,864 216,000 SH DEFINED 1 216,000
BURLINGTN RES$0.01 COM 122014103 1,622 30,000 SH DEFINED 1 30,000
BURLINGTON N. NPV COM 12189T104 1,081 38,000 SH DEFINED 1 38,000
CAP1 FINL COM 14040H105 738 15,000 SH DEFINED 1 15,000
CARDINAL HLTH NPV COM 14149Y108 4,019 62,500 SH DEFINED 1 62,500
CARSO GBL SPN.ADR ADR 14574P107 1,574 640,000 SH DEFINED 1 640,000
CATERPILLAR COM 149123101 2,755 49,500 SH DEFINED 1 49,500
CEMX ADR 5 CPO ADR 151290889 3,309 148,450 SH DEFINED 1 148,450
CENDANT$0.01 COM 151313103 2,198 120,000 SH DEFINED 1 120,000
CERIDIAN COM 15677T106 509 30,000 SH DEFINED 1 30,000
CHEVRONTEXACO COM 166751107 9,029 125,050 SH DEFINED 1 125,050
CHUBB CORP!1 COM 171232101 900 15,000 SH DEFINED 1 15,000
CIENA CP$0.01 COM 171779101 260 50,000 SH DEFINED 1 50,000
CIGNA CP COM 125509109 798 17,000 SH DEFINED 1 17,000
CINERGY$0.01 COM 172474108 809 22,000 SH DEFINED 1 22,000
CISCO SYSTEMS COM 17275R102 13,519 810,000 SH DEFINED 1 810,000
CITIGROUP USD0.01 COM 172967101 25,024 584,669 SH DEFINED 1 584,669
CLEAR CHANNL COM 184502102 2,967 70,000 SH DEFINED 1 70,000
CNTRPNT ENRGY COM 208251405 253 31,000 SH DEFINED 1 31,000
COCA COLA!0.25 COM 191216100 11,881 256,000 SH DEFINED 1 256,000
COCA-COLA ENT$1 COM 191219104 726 40,000 SH DEFINED 1 40,000
COLGATE-PALMOLIVE COM 194162103 4,816 83,100 SH DEFINED 1 83,100
COMCAST CORP(NEW) COM 20030N200 4,480 155,400 SH DEFINED 1 155,400
COMCAST'A' COM 20030N101 3,620 119,955 SH DEFINED 1 119,955
COMERICA$5 COM 200340107 1,023 22,000 SH DEFINED 1 22,000
COMP SCIENCES$1 COM 205363104 762 20,000 SH DEFINED 1 20,000
COMVERSE TEC COM 205862402 451 30,000 SH DEFINED 1 30,000
CONOCOPHILLIPS COM 718507106 3,840 70,077 SH DEFINED 1 70,077
CONSL EDISON!0.10 COM 209115104 2,597 60,000 SH DEFINED 1 60,000
CORNING$0.50 COM 219350105 813 110,000 SH DEFINED 1 110,000
COSTCO WHLESLE COM 22160K105 2,269 62,000 SH DEFINED 1 62,000
COX COMM'A'$1 COM 224044107 957 30,000 SH DEFINED 1 30,000
CRNVL CORP COM 143658300 2,113 65,000 SH DEFINED 1 65,000
CSX CORP COM 126408103 1,023 34,000 SH DEFINED 1 34,000
CVS CORP COM 126650100 1,682 60,000 SH DEFINED 1 60,000
DARDEN RESTCSN COM 237194105 380 20,000 SH DEFINED 1 20,000
DEERE&CO!1 COM 244199105 1,897 41,500 SH DEFINED 1 41,500
DELL COMPUTER!0.01 COM 247025109 9,428 295,000 SH DEFINED 1 295,000
DEVON ENERGY COM 25179M103 1,068 20,000 SH DEFINED 1 20,000
DLP AUTO SYSM COM 247126105 518 60,000 SH DEFINED 1 60,000
DOLLAR GEN!0.50 COM 256669102 845 46,250 SH DEFINED 1 46,250
DOMINION RES(VIRG) COM 257470104 3,535 55,000 SH DEFINED 1 55,000
DOW CHEM COM 260543103 3,406 110,000 SH DEFINED 1 110,000
DTE ENRGY COM 233331107 734 19,000 SH DEFINED 1 19,000
DU PONTC/TUSD0.30 COM 263534109 5,621 135,000 SH DEFINED 1 135,000
DUKE ENGY NPV COM 264399106 1,496 75,000 SH DEFINED 1 75,000
EATON CORP COM 278058102 943 12,000 SH DEFINED 1 12,000
EBAY IUSD0.01 COM 278642103 2,396 23,000 SH DEFINED 1 23,000
ECOLAB$1 COM 278865100 768 30,000 SH DEFINED 1 30,000
EL PASO CP COM 28368B102 525 65,000 SH DEFINED 1 65,000
ELE DTA SYS$0.01 COM 285661104 1,180 55,000 SH DEFINED 1 55,000
ELEC ARTS COM 285512109 1,110 15,000 SH DEFINED 1 15,000
EMC CORP$0.01 COM 268648102 2,513 240,000 SH DEFINED 1 240,000
EMERSON ELEC$1 COM 291011104 2,555 50,000 SH DEFINED 1 50,000
ENGELHARD COM 292845104 743 30,000 SH DEFINED 1 30,000
ENTERGY$0.01 COM 29364G103 1,320 25,000 SH DEFINED 1 25,000
EQTY OFCE USD0.01 COM 294741103 1,351 50,000 SH DEFINED 1 50,000
EXELON CP NPV COM 30161N101 2,763 46,200 SH DEFINED 1 46,200
EXULT INC. COM 302284104 42,800 5,000,000 SH SOLE 5,000,000
EXXON MOB COM 30231G102 28,728 800,000 SH DEFINED 1 800,000
FANNIE MAE COM 313586109 7,351 109,000 SH DEFINED 1 109,000
FED DEPT US$0.01 COM 31410H101 737 20,000 SH DEFINED 1 20,000
FEDEX CORP COM 31428X106 1,737 28,000 SH DEFINED 1 28,000
FIRST ENERGY USD.1 COM 347471104 1,154 30,000 SH DEFINED 1 30,000
FLEET BSTN FINL COM 339030108 3,238 109,000 SH DEFINED 1 109,000
FLUOR COM 343861100 673 20,000 SH DEFINED 1 20,000
FOM ECON ADR ADR 344419106 1,236 30,000 SH DEFINED 1 30,000
FORD MTR COM 345370860 2,221 202,097 SH DEFINED 1 202,097
FOREST LABS COM 345838106 1,095 20,000 SH DEFINED 1 20,000
FOX ENT GRP'A' COM 35138T107 1,007 35,000 SH DEFINED 1 35,000
FPL GR$0.01 COM 302571104 2,340 35,000 SH DEFINED 1 35,000
FRANKLIN RES COM 354613101 1,172 30,000 SH DEFINED 1 30,000
FRED MAC USD0.21 COM 313400301 3,325 65,500 SH DEFINED 1 65,500
GANNETT CO$1 COM 36473010 3,764 49,000 SH DEFINED 1 49,000
GAP INC$0.05 COM 364760108 1,595 85,000 SH DEFINED 1 85,000
GEN ELEC COM 369604103 31,405 1,095,000 SH DEFINED 1 1,095,000
GEN MOT 'H'USD0.10 COM 755111408 1,025 80,000 SH DEFINED 1 80,000
GEN MOTORS COM 370442105 1,890 52,500 SH DEFINED 1 52,500
GENENTECH COM 438506107 1,623 22,500 SH DEFINED 1 22,500
GENERAL MLS$0.1 COM 370334104 2,845 60,000 SH DEFINED 1 60,000
GEORGIA PAC$0.80 COM 373298108 682 36,000 SH DEFINED 1 36,000
GILLETTE CO$1 COM 375766102 3,696 116,000 SH DEFINED 1 116,000
GLBSANFE CORP COM G3930E101 607 26,000 SH DEFINED 1 26,000
GLD SACHS COM 38141G104 963 11,500 SH DEFINED 1 11,500
GOLDEN WEST$0.10 COM 381317106 1,600 20,000 SH DEFINED 1 20,000
GPO CARSO SPN.ADR ADR 400485207 600 100,000 SH DEFINED 1 100,000
GRAINGER$0.50 COM 384802104 468 10,000 SH DEFINED 1 10,000
GRUPO TELE SP GDR GDR 40049J206 1,553 45,000 SH DEFINED 1 45,000
GUIDNT CRP NPV COM 401698105 1,243 28,000 SH DEFINED 1 28,000
HALLIBRTON COM 406216101 1,150 50,000 SH DEFINED 1 50,000
HARLEY DAVID$0.01 COM 412822108 1,734 43,500 SH DEFINED 1 43,500
HARRAHS ENT$0.10 COM 413619107 463 11,500 SH DEFINED 1 11,500
HARTFORD FINL USD COM 416515104 1,360 27,000 SH DEFINED 1 27,000
HCA INC COM 404119109 1,586 49,500 SH DEFINED 1 49,500
HEINZ(HJ) COM 423074103 1,237 37,500 SH DEFINED 1 37,500
HELL TELECOM ADS COM 423325307 167 27,778 SH DEFINED 1 27,778
HERSHEY FOODS$1 COM 427866108 697 10,000 SH DEFINED 1 10,000
HEWLETT-PKARD$0.01 COM 428236103 7,242 340,000 SH DEFINED 1 340,000
HIBERNIA'A'NPV COM 428656102 454 25,000 SH DEFINED 1 25,000
HILTON HOTELS$2.50 COM 432848109 640 50,000 SH DEFINED 1 50,000
HNYWELL INTL COM 438516106 2,282 85,000 SH DEFINED 1 85,000
HOME DEPOT!0.05 COM 437076102 8,148 246,000 SH DEFINED 1 246,000
IBM COM 459200101 15,263 185,000 SH DEFINED 1 185,000
ILL TOOL NPV COM 452308109 2,634 40,000 SH DEFINED 1 40,000
INDIA FUND COM 454089103 3,793 309,637 SH DEFINED 1 309,637
INGRSL-RND'A' COM G4776G101 1,325 28,000 SH DEFINED 1 28,000
INT PAPER !1 COM 460146103 2,144 60,000 SH DEFINED 1 60,000
INTEL COM 458140100 15,016 722,500 SH DEFINED 1 722,500
INTERPUB$0.10 COM 460690100 268 20,000 SH DEFINED 1 20,000
INTUIT 0.01 COM 461202103 1,122 25,200 SH DEFINED 1 25,200
IONA TECH ADR ADR 46206P109 144 65,000 SH DEFINED 1 65,000
ITT INDUST COM 450911102 1,309 20,000 SH DEFINED 1 20,000
J HANCOCK FIN SER COM 410145106 1,229 40,000 SH DEFINED 1 40,000
JDS UNIPHASE CRP COM 46612J101 491 140,000 SH DEFINED 1 140,000
JOHNSN CNTL$0.1666 COM 478366107 1,712 20,000 SH DEFINED 1 20,000
JOHNSN&JOHNSN COM 478160104 16,544 320,000 SH DEFINED 1 320,000
JP MORGAN CHASE COM 46625H100 19,209 562,007 SH DEFINED 1 562,007
KELLOGG$0.25 COM 487836108 1,461 42,500 SH DEFINED 1 42,500
KERR-MCGEE$1 COM 492386107 1,344 30,000 SH DEFINED 1 30,000
KEYCORP$1 COM 493267108 1,137 45,000 SH DEFINED 1 45,000
KIMBERLY CLK ADR ADR 494368204 461 34,000 SH DEFINED 1 34,000
KIMBERLY-CL$1.25 COM 494368103 3,024 58,000 SH DEFINED 1 58,000
KLA TENCOR COM 482480100 1,255 27,000 SH DEFINED 1 27,000
KOHLS CORP COM 500255104 1,850 36,000 SH DEFINED 1 36,000
KRFT FDS INC'A' COM 50075N104 2,279 70,000 SH DEFINED 1 70,000
KROGER$1 COM 501044101 1,334 80,000 SH DEFINED 1 80,000
LASON SYS$0.01 COM 51808R107 0 1,824 SH DEFINED 1 1,824
LEHMAN BROS$0.10 COM 524908100 2,127 32,000 SH DEFINED 1 32,000
LEXMARK INTL'A'$ COM 529771107 1,061 15,000 SH DEFINED 1 15,000
LILLY ELI COM 532457108 8,449 122,500 SH DEFINED 1 122,500
LINCOLN NATL COM 534187109 713 20,000 SH DEFINED 1 20,000
LINEAR TECH NPV COM 535678106 966 30,000 SH DEFINED 1 30,000
LOCK MARTIN COM 539830109 2,616 55,000 SH DEFINED 1 55,000
LOWE'S COS$0.50 COM 548661107 4,467 104,000 SH DEFINED 1 104,000
LSI LOGIC COM 502161102 248 35,000 SH DEFINED 1 35,000
LTD BRNDS INC COM 532716107 775 50,000 SH DEFINED 1 50,000
LUCENT TECH$0.01 COM 549463107 893 440,000 SH DEFINED 1 440,000
M.B.N.A.$0.01 COM 55262L100 3,230 155,000 SH DEFINED 1 155,000
MANULIFE FINL CORP COM (ARCO) COM 56501R106 67,955 2,408,906 SH SOLE 2,408,906
MARATHON OIL COM 565849106 790 30,000 SH DEFINED 1 30,000
MARRIOTT INT'A' COM 571903202 1,537 40,000 SH DEFINED 1 40,000
MARSH&MCLN COM 571748102 4,188 82,000 SH DEFINED 1 82,000
MASCO CORPN$1 COM 574599106 1,431 60,000 SH DEFINED 1 60,000
MATAV RT ADS COM 576561104 860 50,000 SH DEFINED 1 50,000
MATTEL INC$1 COM 577081102 757 40,000 SH DEFINED 1 40,000
MAXIM INTER USD COM 57772K101 1,265 37,000 SH DEFINED 1 37,000
MBIA INC COM 55262C100 731 15,000 SH DEFINED 1 15,000
MCDONALD'S COM 580135101 3,199 145,000 SH DEFINED 1 145,000
MCGRAW HILL$1 COM 580645109 1,426 23,000 SH DEFINED 1 23,000
MCKESSON CORP COM 58155Q103 1,430 40,000 SH DEFINED 1 40,000
MEADWESTVACO COM 583334107 494 20,000 SH DEFINED 1 20,000
MEDIMMUNE COM 584699102 1,728 47,500 SH DEFINED 1 47,500
MEDTRONIC INC$0.10 COM 585055106 6,572 137,000 SH DEFINED 1 137,000
MELLON FINL COM 58551A108 1,235 44,500 SH DEFINED 1 44,500
MERCK&CO NPV COM 589331107 15,198 251,000 SH DEFINED 1 251,000
MERRIL LYNCH COM 590188108 4,178 89,500 SH DEFINED 1 89,500
METLIFE INC COM 59156R108 1,841 65,000 SH DEFINED 1 65,000
MGN STN COM 617446448 5,194 121,500 SH DEFINED 1 121,500
MICRON TECH COM 595112103 1,047 90,000 SH DEFINED 1 90,000
MICROSOFT COM 594918104 29,964 1,170,000 SH DEFINED 1 1,170,000
MILLNUM PHARM COM 599902103 550 35,000 SH DEFINED 1 35,000
MOLEX COM 608554101 405 15,000 SH DEFINED 1 15,000
MOODYS COM 615369105 1,713 32,500 SH DEFINED 1 32,500
MOTOROLA COM 620076109 2,334 247,500 SH DEFINED 1 247,500
MYLAN LABS COM 628530107 695 20,000 SH DEFINED 1 20,000
N.FORK BANC COM 659424105 1,720 50,500 SH DEFINED 1 50,500
NAT CITY CORP COM 635405103 2,126 65,000 SH DEFINED 1 65,000
NAT SEMICON$0.50 COM 637640103 394 20,000 SH DEFINED 1 20,000
NATUZZI ADR ADR 456478106 1,454 181,340 SH DEFINED 1 181,340
NEWELL RUBBERMAID COM 651229106 1,120 40,000 SH DEFINED 1 40,000
NEWMONT$1.60 COM 651639106 1,704 52,500 SH DEFINED 1 52,500
NEXTL COMM INC COM 65332V103 1,989 110,000 SH DEFINED 1 110,000
NIKE'B'NPV COM 654106103 1,337 25,000 SH DEFINED 1 25,000
NORFOLK S.$1 COM 655844108 960 50,000 SH DEFINED 1 50,000
NRTHN TST COM 665859104 836 20,000 SH DEFINED 1 20,000
NRTHROP GRUM COM 666807102 1,812 21,000 SH DEFINED 1 21,000
NY TIMES COM 650111107 1,570 34,500 SH DEFINED 1 34,500
OMNICOM!0.50 COM 681919106 1,907 26,600 SH DEFINED 1 26,600
ORACLE CP$0.01 COM 68389X105 7,392 615,000 SH DEFINED 1 615,000
ORBOTECH COM M75253100 1,039 62,500 SH DEFINED 1 62,500
P G&E COM 69331C108 952 45,000 SH DEFINED 1 45,000
PAYCHEX COM 704326107 1,612 55,000 SH DEFINED 1 55,000
PENNEY(JC)CO$0.50 COM 708160106 590 35,000 SH DEFINED 1 35,000
PEOPLESFT 0.01 COM 712713106 967 55,000 SH DEFINED 1 55,000
PEPSICO CAP STK$ COM 713448108 9,118 204,900 SH DEFINED 1 204,900
PER PERSER ADR144A ADR 715680104 1,505 139,000 SH DEFINED 1 139,000
PFIZER COM 717081103 30,756 900,610 SH DEFINED 1 900,610
PHOENIX COS INC NEW COM 71902E109 919 101,817 SH SOLE 101,817
PITNEY BOWES COM 724479100 960 25,000 SH DEFINED 1 25,000
PPG INDS$1 2/3 COM 693506107 1,015 20,000 SH DEFINED 1 20,000
PPL CP COM 69351T106 1,935 45,000 SH DEFINED 1 45,000
PRAXAIR$0.01 COM 74005P104 901 15,000 SH DEFINED 1 15,000
PRGRSS ENRGY COM 743263105 1,756 40,000 SH DEFINED 1 40,000
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 334 10,354 SH SOLE 10,354
PRKM SFW GDR RGS GDR 743394207 595 35,000 SH DEFINED 1 35,000
PROCTR&GMBLE COM 742718109 13,555 152,000 SH DEFINED 1 152,000
PRUDENT FINANCIAL COM 744320102 673 20,000 SH DEFINED 1 20,000
PUBLIC SERV NPV COM 744573106 1,056 25,000 SH DEFINED 1 25,000
QUALCOMM COM 747525103 3,217 90,000 SH DEFINED 1 90,000
RAYTHEON CO COM 755111507 1,642 50,000 SH DEFINED 1 50,000
RCHTR GEDN GDR'RS' GDR 368467304 5,112 72,000 SH DEFINED 1 72,000
RCKWLL CLLNS COM 774341101 739 30,000 SH DEFINED 1 30,000
ROC TAIWN SHS BEN COM 749651105 848 220,284 SH DEFINED 1 220,284
ROCKWELL AUTO COM 773903109 715 30,000 SH DEFINED 1 30,000
ROHM&HAAS COM 775371107 465 15,000 SH DEFINED 1 15,000
SAFEWAY INC$0.01 COM 786514208 921 45,000 SH DEFINED 1 45,000
SANMINA CORP COM 800907107 442 70,000 SH DEFINED 1 70,000
SARA LEE COM 803111103 1,599 85,000 SH DEFINED 1 85,000
SBC COMM$1 COM 78387G103 9,198 360,000 SH DEFINED 1 360,000
SCHERING-PLOUGH COM 806605101 2,548 137,000 SH DEFINED 1 137,000
SCHLMBGR!1 COM 806857108 2,854 60,000 SH DEFINED 1 60,000
SCHWAB CHARL$0.01 COM 808513105 1,312 130,000 SH DEFINED 1 130,000
SEARS ROE!0.75 COM 812387108 1,346 40,000 SH DEFINED 1 40,000
SIEBEL SYS$0.001 COM 826170102 572 60,000 SH DEFINED 1 60,000
SIGMA ALDRICH$1 COM 826552101 813 15,000 SH DEFINED 1 15,000
SIMON PROP COM 828806109 1,015 26,000 SH DEFINED 1 26,000
SIRIUS SATELLITE R COM COM 82966U103 386 228,625 SH DEFINED 2 228,625
SLM CORP COM 78442P106 2,820 72,000 SH DEFINED 1 72,000
SOLECTRON 0.001 COM 834182107 477 127,550 SH DEFINED 1 127,550
SOUTHERN CO$5 COM 842587107 2,493 80,000 SH DEFINED 1 80,000
SPRINT CR(PCS GRP) COM 852061506 575 100,000 SH DEFINED 1 100,000
SPRINT$2.50 COM 852061100 1,440 100,000 SH DEFINED 1 100,000
SPX COM 784635104 595 13,500 SH DEFINED 1 13,500
ST PAUL COS NPV COM 792860108 1,278 35,000 SH DEFINED 1 35,000
STAPLES USD COM 855030102 1,395 76,000 SH DEFINED 1 76,000
STARBUCK NPV COM 855244109 1,054 43,000 SH DEFINED 1 43,000
STARWD HOTELS'B' COM 85590A203 829 29,000 SH DEFINED 1 29,000
STATE ST CP$1 COM 857477103 1,418 36,000 SH DEFINED 1 36,000
STET HELL TEL ADR ADR 859823106 534 57,737 SH DEFINED 1 57,737
STRYKER CORP$0.10 COM 863667101 1,040 15,000 SH DEFINED 1 15,000
SUN MICRO COM 866810104 1,610 350,000 SH DEFINED 1 350,000
SW AIR$1 COM 844741108 1,548 90,000 SH DEFINED 1 90,000
SYNOVUS FNCL COM 87161C105 1,118 52,000 SH DEFINED 1 52,000
SYSCO CORP$1 COM 871829107 3,025 100,700 SH DEFINED 1 100,700
TARGET CP COM 87612E106 3,481 92,000 SH DEFINED 1 92,000
TEFNDS MEX ADR ADR 879403707 4,239 135,000 SH DEFINED 1 135,000
TELE MEX ADS COM 879403780 707 22,500 SH DEFINED 1 22,500
TEMPLE-INLAND$1 COM 879868107 429 10,000 SH DEFINED 1 10,000
TENET HLTH COM 88033G103 641 55,000 SH DEFINED 1 55,000
TERADYNE COM 880770102 346 20,000 SH DEFINED 1 20,000
TEXAS INSTS$1 COM 882508104 3,696 210,000 SH DEFINED 1 210,000
TEXTRON INC$0.125 COM 883203101 780 20,000 SH DEFINED 1 20,000
THERASENSE INC COM USD0.001 COM 883381105 1,159 115,865 SH DEFINED 2 115,865
TJX CO!1 COM 872540109 1,507 80,000 SH DEFINED 1 80,000
TRANSOCN INC COM G90078109 879 40,000 SH DEFINED 1 40,000
TRAV PROP CAS'B' COM 89420G406 2,193 139,037 SH DEFINED 1 139,037
TRAV PRP CAS'A' COM 89420G109 238 15,000 SH DEFINED 1 15,000
TRIBUNE(DEL)NPV COM 896047107 1,690 35,000 SH DEFINED 1 35,000
TYCO INT LD COM 902124106 4,270 225,000 SH DEFINED 1 225,000
UNION PAC CORP COM 907818108 2,002 34,500 SH DEFINED 1 34,500
UNISYS CP COM 909214108 368 30,000 SH DEFINED 1 30,000
UNITEDHEALTH GRP COM 910581107 4,673 93,000 SH DEFINED 1 93,000
UPS'B' COM 911312106 2,261 35,500 SH DEFINED 1 35,500
US BANCORP COM 917292104 4,900 200,000 SH DEFINED 1 200,000
UST INC(DEL)$0.50 COM 902911106 1,226 35,000 SH DEFINED 1 35,000
UTD TECH COM 913017109 4,073 57,500 SH DEFINED 1 57,500
VERITAS SFTWRE NPV COM 923436109 1,290 45,000 SH DEFINED 1 45,000
VERIZON COMM COM 92343V104 11,807 299,300 SH DEFINED 1 299,300
VIACOM N.VTG'B' COM 925524308 8,295 190,000 SH DEFINED 1 190,000
VIVND UNI ADR ADR 92851S204 114 6,200 SH DEFINED 1 6,200
W.DISNEY HDS DIS COM 254687106 4,977 252,000 SH DEFINED 1 252,000
WACHOVIA CRP USD COM 929903102 7,073 177,000 SH DEFINED 1 177,000
WAL MART STRS$0.10 COM 931142103 19,321 360,000 SH DEFINED 1 360,000
WALGREEN COM 931422109 3,606 119,800 SH DEFINED 1 119,800
WASH MUT COM 939322103 4,213 102,000 SH DEFINED 1 102,000
WASTE MGMT COM 94106L109 2,288 95,000 SH DEFINED 1 95,000
WELLPOINT$0.01 COM 94973H108 1,307 15,500 SH DEFINED 1 15,500
WELLS FARGO COM 949746101 10,936 217,000 SH DEFINED 1 217,000
WEYERHAEUSER$1.25 COM 962166104 1,593 29,500 SH DEFINED 1 29,500
WYETH COM 983024100 7,288 160,000 SH DEFINED 1 160,000
X1LINX$0.01 COM 983919101 1,012 40,000 SH DEFINED 1 40,000
YAHOO INC COM 984332106 1,638 50,000 SH DEFINED 1 50,000
ZIMMER HOLDINGS COM 98956P102 1,126 25,000 SH DEFINED 1 25,000
TOTAL 1,096,495