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, 2004
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. Byron E. Grote
Title: Chief Financial Officer and Executive Director
Phone: 020 7496 4263
Signature, Place, and Date of Signing:
/s/ Byron Grote London, UK 12 May 2004
--------------------- --------------------- ---------------------
[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: 1
-----------
Form 13F Information Table Entry Total: 370
-----------
Form 13F Information Table Value Total: $ 2,471,113
-----------
(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
BP P.L.C.
FORM 13F INFORMATION TABLE
MARCH 31, 2004
TITLE MARKET VOTING AUTHORITY
OF VALUE SHARES SH/ INVESTMENT ----------------------------------
STOCK CLASS CUSIP (USD 000) /PRN AMT PRN DISCRETION MANAGERS SOLE SHARE NONE
1ST DATA CPUSD0.01 COM 319963104 4,848 115,000 SH DEFINED 01 115,000
3M COM 88579Y101 6,959 85,000 SH DEFINED 01 85,000
5TH 3RD BANCO NPV COM 316773100 3,045 55,000 SH DEFINED 01 55,000
ABBOTT LABS COM 002824100 6,781 165,000 SH DEFINED 01 165,000
ADOBE SYSTM COM 00724F101 1,183 30,000 SH DEFINED 01 30,000
AETNA NEW COM 00817Y108 2,072 23,100 SH DEFINED 01 23,100
AFLAC COM 001055102 2,810 70,000 SH DEFINED 01 70,000
AIR PROD CHEM COM 009158106 1,253 25,000 SH DEFINED 01 25,000
ALBERTSONS INC COM 013104104 775 35,000 SH DEFINED 01 35,000
ALLEG ENERGY COM 017361106 548 40,000 SH DEFINED 01 40,000
ALLOS THERAPEUTICS COM COM 019777101 212 44,712 SH SOLE 44,712
ALLSTATE CORP COM 020002101 3,864 85,000 SH DEFINED 01 85,000
ALLTEL COM 020039103 1,646 33,000 SH DEFINED 01 33,000
ALTERA COM 021441100 818 40,000 SH DEFINED 01 40,000
ALTRIA GRP INC COM 02209S103 11,706 215,000 SH DEFINED 01 215,000
ALUM AMER COM 013817101 3,642 105,000 SH DEFINED 01 105,000
AMBAC FIN COM 023139108 738 10,000 SH DEFINED 01 10,000
AMER ELECT POWER COM 025537101 1,317 40,000 SH DEFINED 01 40,000
AMER INT GRP COM 026874107 21,048 295,000 SH DEFINED 01 295,000
AMER MOV ADR20 ADR 02364W105 2,435 63,000 SH DEFINED 01 63,000
AMER MOV ADR20 ADR 02364W204 3,900 100,000 SH DEFINED 01 100,000
AMER POW CONV USD COM 029066107 690 30,000 SH DEFINED 01 30,000
AMEREN CRP COM 023608102 1,613 35,000 SH DEFINED 01 35,000
AMERICAN EXPRESS COM 025816109 7,388 142,500 SH DEFINED 01 142,500
AMGEN COM 031162100 9,191 158,000 SH DEFINED 01 158,000
AMSOUTH BANCORP COM 032165102 823 35,000 SH DEFINED 01 35,000
ANADARKO PET COM 032511107 1,556 30,000 SH DEFINED 01 30,000
ANALOG DEVICES COM 032654105 1,920 40,000 SH DEFINED 01 40,000
ANHEUSER BUSCH COM 035229103 5,351 104,920 SH DEFINED 01 104,920
ANTHEM INC COM 03674B104 1,360 15,000 SH DEFINED 01 15,000
APACHE CP COM 037411105 1,813 42,000 SH DEFINED 01 42,000
APOL GR NPV COM 037604105 1,636 19,000 SH DEFINED 01 19,000
APP MATERIALS(FRA) COM 038222105 4,019 188,000 SH DEFINED 01 188,000
APPLE COMPUTER NPV COM 037833100 1,082 40,000 SH DEFINED 01 40,000
APPLERA BIOSYS COM 038020103 396 20,000 SH DEFINED 01 20,000
ARAC CEL ADR B PRF ADR 038496204 543 14,200 SH DEFINED 01 14,200
ARGLNT TECH COM 00846U101 1,581 50,000 SH DEFINED 01 50,000
AT&T CORP COM 001957505 1,427 72,909 SH DEFINED 01 72,909
AT&T WIRELESS COM 00209A106 3,879 285,000 SH DEFINED 01 285,000
AUTOMATIC DATA PRO COM 053015103 3,402 81,000 SH DEFINED 01 81,000
AVON PRDCTS COM 054303102 2,276 30,000 SH DEFINED 01 30,000
AVY INC COM 053499109 635 40,000 SH DEFINED 01 40,000
BAKBONE SOFTWARE ICOM COM 057101107 237 87,949 SH SOLE 87,949
BAKER HUGHES COM 057224107 1,368 37,500 SH DEFINED 01 37,500
BANK OF NEW YORK COM 064057102 2,992 95,000 SH DEFINED 01 95,000
BANK ONE CP COM 06423A103 6,542 120,000 SH DEFINED 01 120,000
BANKNORTH GROUP COM 06646R107 1,089 32,000 SH DEFINED 01 32,000
BAXTER INTL COM 071813109 1,544 50,000 SH DEFINED 01 50,000
BB&T CP USD5 COM 054937107 1,765 50,000 SH DEFINED 01 50,000
BEA SYSTEM$0.001 COM 073325102 861 67,500 SH DEFINED 01 67,500
BECT DICKIN USD1 COM 075887109 1,212 25,000 SH DEFINED 01 25,000
BED BATH USD0.01 COM 075896100 1,462 35,000 SH DEFINED 01 35,000
BELLSOUTH COM 079860102 5,123 185,000 SH DEFINED 01 185,000
BERK HATH A COM 084670108 6,997 75 SH DEFINED 01 75
BEST BUY CO USD COM 086516101 1,939 37,500 SH DEFINED 01 37,500
BIOGEN IDC COM 09062X103 1,807 32,500 SH DEFINED 01 32,500
BK OF AMER(TOK) COM 060505104 13,442 166,000 SH DEFINED 01 166,000
BLACK&DECKER COM 091797100 1,708 30,000 SH DEFINED 01 30,000
BLOCK(H&R) NPV COM 093671105 919 18,000 SH DEFINED 01 18,000
BMC SFTWRE USD0.01 COM 055921100 684 35,000 SH DEFINED 01 35,000
BOEING CO COM 097023105 3,409 83,000 SH DEFINED 01 83,000
BOSTN SCN CRP COM 101137107 3,517 83,000 SH DEFINED 01 83,000
BRLNGTN RES USD.01 COM 122014103 1,909 30,000 SH DEFINED 01 30,000
BROADCOM COM 111320107 1,253 32,000 SH DEFINED 01 32,000
BRST MYERS SQU COM 110122108 4,710 194,400 SH DEFINED 01 194,400
BURLNGTON NTH SAN COM 12189T104 1,197 38,000 SH DEFINED 01 38,000
CAP1 FINL COM 14040H105 1,773 23,500 SH DEFINED 01 23,500
CARD HLTH NPV COM 14149Y108 3,445 50,000 SH DEFINED 01 50,000
CARSO GBL SPN.ADR ADR 14574P107 490 160,000 SH DEFINED 01 160,000
CATERPILLAR COM 149123101 3,123 39,500 SH DEFINED 01 39,500
CEMX ADR 5 CPO ADR 151290889 4,725 158,450 SH DEFINED 01 158,450
CENDANT USD0.01 COM 151313103 3,415 140,000 SH DEFINED 01 140,000
CERIDIAN COM 15677T106 296 15,000 SH DEFINED 01 15,000
CHEVRONTEXACO COM 166751107 10,977 125,050 SH DEFINED 01 125,050
CHUBB CP COM 171232101 1,043 15,000 SH DEFINED 01 15,000
CIENA CP$0.01 COM 171779101 248 50,000 SH DEFINED 01 50,000
CIGNA CP COM 125509109 1,593 27,000 SH DEFINED 01 27,000
CINERGY!0.01 COM 172474108 900 22,000 SH DEFINED 01 22,000
CISCO COM ST COM 17275R102 16,464 700,000 SH DEFINED 01 700,000
CITIGROUP USD0.01 COM 172967101 30,227 584,669 SH DEFINED 01 584,669
CITRIX SYSTEMS COM 177376100 432 20,000 SH DEFINED 01 20,000
CLEAR CHAN COM 184502102 3,070 72,500 SH DEFINED 01 72,500
CNTRPNT ENRGY COM 19041P105 697 61,000 SH DEFINED 01 61,000
COCA COLA ENT COM 191219104 967 40,000 SH DEFINED 01 40,000
COCA-COLA USD.25 COM 191216100 12,323 245,000 SH DEFINED 01 245,000
COLGTE PALMLV COM 194162103 3,086 56,000 SH DEFINED 01 56,000
COMCAST'A' COM 20030N101 6,754 235,000 SH DEFINED 01 235,000
COMERCIA INC COM 200340107 1,195 22,000 SH DEFINED 01 22,000
COMP ASS INT COM 204912109 1,638 61,000 SH DEFINED 01 61,000
COMP BAN COM 20449H109 829 20,000 SH DEFINED 01 20,000
COMPAN VALE ADR ADR 204412209 549 10,000 SH DEFINED 01 10,000
COMSCICOMSTKUSD COM 205363104 807 20,000 SH DEFINED 01 20,000
COMVERSE TEC COM 205862402 544 30,000 SH DEFINED 01 30,000
CONOCOPHILLIPS COM 20825C104 5,592 80,100 SH DEFINED 01 80,100
CONSOL EDS USD0.10 COM 209115104 882 20,000 SH DEFINED 01 20,000
CORNING INC COM 219350105 1,509 135,000 SH DEFINED 01 135,000
COSTCO WHLESLE COM 22160K105 1,878 50,000 SH DEFINED 01 50,000
COUNTRYWIDE FIN COM 222372104 1,918 20,000 SH DEFINED 01 20,000
CRNVL CORP COM 143658300 2,919 65,000 SH DEFINED 01 65,000
CSX CORP COM 126408103 727 24,000 SH DEFINED 01 24,000
CUMMINS INC COM COM 231021106 584 10,000 SH DEFINED 01 10,000
CVS CORP COM 126650100 1,765 50,000 SH DEFINED 01 50,000
DANAHER CRP COM 235851102 1,214 13,000 SH DEFINED 01 13,000
DEERE&CO COM 244199105 2,634 38,000 SH DEFINED 01 38,000
DELL COM 247025109 8,573 255,000 SH DEFINED 01 255,000
DELPHI COM 247126105 598 60,000 SH DEFINED 01 60,000
DEVON ENERGY COM 25179M103 2,471 42,500 SH DEFINED 01 42,500
DIGITAS INC COM COM 25388K104 279 27,115 SH SOLE 27,115
DIRECTV GROUP COM 25459L106 1,538 100,020 SH DEFINED 01 100,020
DISNEY(WALT) DIS COM 254687106 5,548 222,000 SH DEFINED 01 222,000
DOLLAR GENERAL USD COM 256669102 888 46,250 SH DEFINED 01 46,250
DOMINION RES(VIRG) COM 257470104 2,058 32,000 SH DEFINED 01 32,000
DONNELLY(R.R.) COM 257867101 1,059 35,000 SH DEFINED 01 35,000
DOVER CRP COM 260003108 775 20,000 SH DEFINED 01 20,000
DOW CHEM COM 260543103 3,891 96,600 SH DEFINED 01 96,600
DSL.NET INC COM COM 262506108 807 1,717,021 SH SOLE 1,717,021
DTE ENERGY COM 233331107 782 19,000 SH DEFINED 01 19,000
DU PONT COM 263534109 4,433 105,000 SH DEFINED 01 105,000
DUKE ENERGY COM 264399106 3,051 135,000 SH DEFINED 01 135,000
EATON CP COM 278058102 1,629 29,000 SH DEFINED 01 29,000
EBAY IUSD0.01 COM 278642103 4,576 66,000 SH DEFINED 01 66,000
ECOLAB COM 278865100 1,141 40,000 SH DEFINED 01 40,000
EL PASO CP COM 28368B102 711 100,000 SH DEFINED 01 100,000
ELEC ATS NPV COM 285512109 1,619 30,000 SH DEFINED 01 30,000
ELEC DATA SYS COM 285661104 871 45,000 SH DEFINED 01 45,000
EMC MASS USD0.01 COM 268648102 3,266 240,000 SH DEFINED 01 240,000
EMERS ELEC COM 291011104 2,696 45,000 SH DEFINED 01 45,000
ENGELHARD CP COM 292845104 448 15,000 SH DEFINED 01 15,000
ENTERGY USD0.01 COM 29364G103 2,082 35,000 SH DEFINED 01 35,000
EXELON COM 30161N101 2,066 30,000 SH DEFINED 01 30,000
EXP SCRIPTS'A' COM 302182100 597 8,000 SH DEFINED 01 8,000
EXXON MOBIL COM 30231G102 26,825 645,000 SH DEFINED 01 645,000
FANNIE MAE COM 313586109 7,063 95,000 SH DEFINED 01 95,000
FED DEPMRT COM 31410H101 1,081 20,000 SH DEFINED 01 20,000
FEDEX CORP COM 31428X106 2,104 28,000 SH DEFINED 01 28,000
FIRST ENERGY USD.1 COM 337932107 1,563 40,000 SH DEFINED 01 40,000
FISERV COM 337738108 715 20,000 SH DEFINED 01 20,000
FLEET BSTN FINL COM 339030108 4,894 109,000 SH DEFINED 01 109,000
FLUOR COM 343861100 580 15,000 SH DEFINED 01 15,000
FLXTRN INTL COM Y2573F102 913 53,000 SH DEFINED 01 53,000
FOM ECON ADR ADR 344419106 1,478 30,000 SH DEFINED 01 30,000
FORD MTR COM 345370860 2,307 170,000 SH DEFINED 01 170,000
FOREST LABS COM 345838106 2,507 35,000 SH DEFINED 01 35,000
FPL GRP INC COM 302571104 1,337 20,000 SH DEFINED 01 20,000
FRANKLIN RES COM 354613101 1,114 20,000 SH DEFINED 01 20,000
FRED MAC USD0.21 COM 313400301 3,868 65,500 SH DEFINED 01 65,500
FREEPRT MCMGN COM 35671D857 1,016 26,000 SH DEFINED 01 26,000
GANNETT COM 364730101 3,878 44,000 SH DEFINED 01 44,000
GAP COM 364760108 1,863 85,000 SH DEFINED 01 85,000
GEN DYN COM 369550108 1,787 20,000 SH DEFINED 01 20,000
GEN ELEC COM 369604103 31,130 1,020,000 SH DEFINED 01 1,020,000
GEN MLLS COM 370334104 2,334 50,000 SH DEFINED 01 50,000
GEN MOTORS COM 370442832 2,473 52,500 SH DEFINED 01 52,500
GENENTECH COM 368710406 2,381 22,500 SH DEFINED 01 22,500
GENUNE PRTS COM 372460105 425 13,000 SH DEFINED 01 13,000
GEORGIA PAC COM 373298108 1,213 36,000 SH DEFINED 01 36,000
GILEAD SCIE 0.001 COM 375558103 1,506 27,000 SH DEFINED 01 27,000
GILLETTE COM 375766102 3,910 100,000 SH DEFINED 01 100,000
GLD SACHS COM 38141G104 4,956 47,500 SH DEFINED 01 47,500
GLD W.FIN COM 381317106 2,239 20,000 SH DEFINED 01 20,000
GNZYM COM 372917104 1,176 25,000 SH DEFINED 01 25,000
GPO CARSO SPN.ADR ADR 400485207 851 100,000 SH DEFINED 01 100,000
GRAINGER WW COM 384802104 720 15,000 SH DEFINED 01 15,000
GRUPO TELE SP GDR GDR 40049J206 2,130 45,000 SH DEFINED 01 45,000
GUIDNT CRP NPV COM 401698105 1,774 28,000 SH DEFINED 01 28,000
HALLIBRTON COM 406216101 1,823 60,000 SH DEFINED 01 60,000
HARLY DAVD COM 412822108 2,054 38,500 SH DEFINED 01 38,500
HARRAHS ENT COM 413619107 631 11,500 SH DEFINED 01 11,500
HARTFORD FINL USD COM 416515104 2,229 35,000 SH DEFINED 01 35,000
HASBRO COM 418056107 435 20,000 SH DEFINED 01 20,000
HCA INC COM 404119109 2,011 49,500 SH DEFINED 01 49,500
HEINZ(HJ) COM 423074103 1,398 37,500 SH DEFINED 01 37,500
HELL TELECOM ADS COM 423325307 200 27,778 SH DEFINED 01 27,778
HERSHY FOOD COM 427866108 828 10,000 SH DEFINED 01 10,000
HEWLTT PCKWRD COM 428236103 7,651 335,000 SH DEFINED 01 335,000
HIBERNIA'A'NPV COM 428656102 1,104 47,000 SH DEFINED 01 47,000
HLTH MAN'A' COM 421933102 696 30,000 SH DEFINED 01 30,000
HLTN HTLS COM 432848109 812 50,000 SH DEFINED 01 50,000
HNYWELL INT(DT ZT) COM 438516106 3,046 90,000 SH DEFINED 01 90,000
HOME DEPOT COM 437076102 8,966 240,000 SH DEFINED 01 240,000
IBM COM 459200101 15,475 168,500 SH DEFINED 01 168,500
ILL TOOL NPV COM 452308109 2,377 30,000 SH DEFINED 01 30,000
IMS HEALTH USD COM 449934108 698 30,000 SH DEFINED 01 30,000
INGRSL-RND'A' COM G4776G101 1,894 28,000 SH DEFINED 01 28,000
INTEL COM 458140100 17,272 635,000 SH DEFINED 01 635,000
INTL PAPER COM 460146103 2,282 54,000 SH DEFINED 01 54,000
INTUIT 0.01 COM 461202103 1,131 25,200 SH DEFINED 01 25,200
IONA TECH ADR ADR 46206P109 487 65,000 SH DEFINED 01 65,000
ISHS C&S RLTY IDX COM 715680104 4,138 35,000 SH DEFINED 01 35,000
ITT INDUST COM 450911102 1,527 20,000 SH DEFINED 01 20,000
JABIL CIRCT COM 466313103 883 30,000 SH DEFINED 01 30,000
JANUS CAP GRP INC COM 47102X105 573 35,000 SH DEFINED 01 35,000
JDS UNIPHASE CRP COM 46612J101 570 140,000 SH DEFINED 01 140,000
JNSN CNTRLS COM 478366107 1,774 30,000 SH DEFINED 01 30,000
JOHNSN&JOHNSN COM 478160104 15,216 300,000 SH DEFINED 01 300,000
JP MORGAN CHASE COM 46625H100 8,746 208,500 SH DEFINED 01 208,500
KB HOME COM 48666K109 808 10,000 SH DEFINED 01 10,000
KELLOGGS COM 487836108 1,668 42,500 SH DEFINED 01 42,500
KERR-MCGEE COM 492386107 1,545 30,000 SH DEFINED 01 30,000
KEYCORP COM 493267108 1,363 45,000 SH DEFINED 01 45,000
KIMBERLY CLRK COM 494368103 3,029 48,000 SH DEFINED 01 48,000
KLA TENCOR COM 482480100 1,057 21,000 SH DEFINED 01 21,000
KOHLS CORP COM 500255104 2,416 50,000 SH DEFINED 01 50,000
KRFT FDS INC'A' COM 50075N104 640 20,000 SH DEFINED 01 20,000
KROGER COM 501044101 1,581 95,000 SH DEFINED 01 95,000
LASON SYS$0.01 COM 51808R107 0 1,824 SH DEFINED 01 1,824
LENNAR COM 526057104 1,135 21,000 SH DEFINED 01 21,000
LEXMAX INTL'A' COM 529771107 1,380 15,000 SH DEFINED 01 15,000
LHMN BROS COM 524908100 2,983 36,000 SH DEFINED 01 36,000
LIBERTY MED CORP COM 530718105 1,369 125,000 SH DEFINED 01 125,000
LILLY ELI COM 532457108 8,195 122,500 SH DEFINED 01 122,500
LINCOLN NATL COM 534187109 946 20,000 SH DEFINED 01 20,000
LINEAR TECH NPV COM 535678106 1,296 35,000 SH DEFINED 01 35,000
LOCK MARTIN COM 539830109 1,962 43,000 SH DEFINED 01 43,000
LOWES COS COM 548661107 5,893 105,000 SH DEFINED 01 105,000
LSI LOGIC COM 502161102 420 45,000 SH DEFINED 01 45,000
LTD BRNDS INC COM 532716107 1,000 50,000 SH DEFINED 01 50,000
LUCNT TECH COM 549463107 1,726 420,000 SH DEFINED 01 420,000
M&T BK CP COM 55261F104 1,348 15,000 SH DEFINED 01 15,000
MARATHON OIL COM 565849106 1,178 35,000 SH DEFINED 01 35,000
MARRIOTT INT'A' COM 571903202 1,702 40,000 SH DEFINED 01 40,000
MARSH&MCLN COM 571748102 3,334 72,000 SH DEFINED 01 72,000
MARSHLL&ILSLY COM 571834100 1,134 30,000 SH DEFINED 01 30,000
MASCO COM 574599106 1,826 60,000 SH DEFINED 01 60,000
MATTEL INC$1 COM 577081102 738 40,000 SH DEFINED 01 40,000
MAXIM INTER USD COM 57772K101 1,742 37,000 SH DEFINED 01 37,000
MBIA INC COM 55262C100 940 15,000 SH DEFINED 01 15,000
MBNA COM 55262L100 4,283 155,000 SH DEFINED 01 155,000
MCCORMICK NV NPV COM 579780206 503 15,000 SH DEFINED 01 15,000
MCDONALD'S COM 580135101 3,714 130,000 SH DEFINED 01 130,000
MCGRAW HILL$1 COM 580645109 1,751 23,000 SH DEFINED 01 23,000
MCKESSON CORP COM 58155Q103 1,204 40,000 SH DEFINED 01 40,000
MDCHLTH SLTN COM 58405U102 689 20,270 SH DEFINED 01 20,270
MEADWESTVACO COM 583334107 566 20,000 SH DEFINED 01 20,000
MEDIMMUNE COM 584699102 565 24,500 SH DEFINED 01 24,500
MEDTRONIC COM 585055106 5,658 118,500 SH DEFINED 01 118,500
MELLON FINL COM 58551A108 1,705 54,500 SH DEFINED 01 54,500
MERCK&CO NPV COM 589331107 7,954 180,000 SH DEFINED 01 180,000
MERCURY INTER USD COM 589405109 784 17,500 SH DEFINED 01 17,500
MERRIL LYNCH COM 590188108 5,628 94,500 SH DEFINED 01 94,500
METLIFE INC COM 59156R108 2,319 65,000 SH DEFINED 01 65,000
MGN ST COM 617446448 6,962 121,500 SH DEFINED 01 121,500
MICRON TECH COM 595112103 1,504 90,000 SH DEFINED 01 90,000
MICROSOFT COM 594918104 26,467 1,060,000 SH DEFINED 01 1,060,000
MOLEX COM 608554101 456 15,000 SH DEFINED 01 15,000
MOODYS COM 615369105 2,301 32,500 SH DEFINED 01 32,500
MOTOROLA COM 620076109 4,356 247,500 SH DEFINED 01 247,500
MRCNTL BKSHS COM 587405101 301 7,000 SH DEFINED 01 7,000
MYLAN LABS COM 628530107 1,136 50,000 SH DEFINED 01 50,000
N.FORK BANC COM 659424105 2,772 65,500 SH DEFINED 01 65,500
NAT CITY CORP COM 635405103 2,313 65,000 SH DEFINED 01 65,000
NAT SEMICON$0.50 COM 637640103 889 20,000 SH DEFINED 01 20,000
NATUZZI ADR ADR 456478106 1,940 181,340 SH DEFINED 01 181,340
NETWORK APPL COM 64120L104 965 45,000 SH DEFINED 01 45,000
NEWELL RUBBERMAID COM 651229106 696 30,000 SH DEFINED 01 30,000
NEWMNT MIN COM 651639106 2,098 45,000 SH DEFINED 01 45,000
NEXTL COMM INC COM 65332V103 2,968 120,000 SH DEFINED 01 120,000
NIKE'B'NPV COM 654106103 1,947 25,000 SH DEFINED 01 25,000
NOBLE COM G65422100 1,057 27,500 SH DEFINED 01 27,500
NOVELL COM 670006105 410 36,000 SH DEFINED 01 36,000
NRFLK STHRN COM 655844108 1,104 50,000 SH DEFINED 01 50,000
NRTHN TST COM 665859104 932 20,000 SH DEFINED 01 20,000
NRTHROP GRUM COM 666807102 1,772 18,000 SH DEFINED 01 18,000
NY TIMES COM 650111107 641 14,500 SH DEFINED 01 14,500
OMNICOM!0.50 COM 681919106 2,415 30,100 SH DEFINED 01 30,100
ORACLE COM 68389X105 6,425 535,000 SH DEFINED 01 535,000
ORBOTECH COM M75253100 1,503 62,500 SH DEFINED 01 62,500
P G&E COM 69331C108 1,883 65,000 SH DEFINED 01 65,000
PATTERSON UTI ENGY COM 703481101 1,062 30,000 SH DEFINED 01 30,000
PAYCHEX COM 704326107 1,958 55,000 SH DEFINED 01 55,000
PENNEY JC COM 708160106 904 26,000 SH DEFINED 01 26,000
PEOPLESFT 0.01 COM 712713106 1,479 80,000 SH DEFINED 01 80,000
PEPSICO COM 713448108 10,495 194,900 SH DEFINED 01 194,900
PFIZER COM 717081103 30,661 874,800 SH DEFINED 01 874,800
PHLPS DGD COM 717265102 1,225 15,000 SH DEFINED 01 15,000
PHOENIX COM 71902E109 1,365,366 101,817 SH SOLE 101,817
PITNEY BOWES COM 724479100 1,065 25,000 SH DEFINED 01 25,000
PPG INDST COM 693506107 1,166 20,000 SH DEFINED 01 20,000
PPL CP COM 69351T106 2,052 45,000 SH DEFINED 01 45,000
PRAXAIR COM 74005P104 1,373 37,000 SH DEFINED 01 37,000
PRGRSS ENRGY COM 743263105 1,271 27,000 SH DEFINED 01 27,000
PRINCIPAL FIN COM 74251V102 1,247 35,000 SH DEFINED 01 35,000
PRK HANNFN COM 701094104 565 10,000 SH DEFINED 01 10,000
PRKM SFW GDR RGS GDR 743394207 923 35,000 SH DEFINED 01 35,000
PROCTR&GMBLE COM 742718109 15,732 150,000 SH DEFINED 01 150,000
PRUDENT FINANCIAL COM 744320102 2,508 56,000 SH DEFINED 01 56,000
PTRLBRAS ADS COM 71654V408 502 15,000 SH DEFINED 01 15,000
PUBLIC SERV NPV COM 744573106 1,174 25,000 SH DEFINED 01 25,000
PULTE HOMES COM 745867101 834 15,000 SH DEFINED 01 15,000
QLOGIC COM 747277101 330 10,000 SH DEFINED 01 10,000
QUALCOMM COM 747525103 5,646 85,000 SH DEFINED 01 85,000
QUST DIAGNSTC COM 74834L100 704 8,500 SH DEFINED 01 8,500
QWEST COMM COM 749121109 862 200,000 SH DEFINED 01 200,000
RAYTHEON CO COM 755111507 1,410 45,000 SH DEFINED 01 45,000
RCHTR GEDN GDR'RS' GDR 368467205 2,508 22,000 SH DEFINED 01 22,000
RCKWLL CLLNS COM 774341101 632 20,000 SH DEFINED 01 20,000
ROCKWELL AUTO COM 773903109 693 20,000 SH DEFINED 01 20,000
ROHM&HAAS COM 775371107 797 20,000 SH DEFINED 01 20,000
SAFEWAY COM 786514208 926 45,000 SH DEFINED 01 45,000
SANMINA CORP COM 800907107 771 70,000 SH DEFINED 01 70,000
SARA LEE COM 803111103 1,639 75,000 SH DEFINED 01 75,000
SBC COMM COM 78387G103 7,730 315,000 SH DEFINED 01 315,000
SCHERING-PLOUGH COM 806605101 2,222 137,000 SH DEFINED 01 137,000
SCHLUMBER COM 806857108 3,831 60,000 SH DEFINED 01 60,000
SCHWB CHRLS COM 808513105 1,974 170,000 SH DEFINED 01 170,000
SEARS ROEBCK COM 812387108 1,289 30,000 SH DEFINED 01 30,000
SEMPRA ENER NPV COM 816851109 954 30,000 SH DEFINED 01 30,000
SIEBL SYSTM COM 826170102 691 60,000 SH DEFINED 01 60,000
SIGMA ALDRCH COM 826552101 443 8,000 SH DEFINED 01 8,000
SLM CORP COM 78442P106 3,013 72,000 SH DEFINED 01 72,000
SMTH INTL COM 832110100 535 10,000 SH DEFINED 01 10,000
SOLECTRON 0.001 COM 834182107 539 97,550 SH DEFINED 01 97,550
SPRINT COM 852061100 1,567 85,000 SH DEFINED 01 85,000
SPRINT CR(PCS GRP) COM 852061506 920 100,000 SH DEFINED 01 100,000
ST PAUL COS NPV COM 792860108 1,400 35,000 SH DEFINED 01 35,000
STAPLES USD COM 855030102 1,930 76,000 SH DEFINED 01 76,000
STARBUCK NPV COM 855244109 1,887 50,000 SH DEFINED 01 50,000
STARWD HOTELS'B' COM 85590A203 1,174 29,000 SH DEFINED 01 29,000
STATE STREET COM 857477103 1,877 36,000 SH DEFINED 01 36,000
STET HELL TEL ADR ADR 859823106 1,178 57,737 SH DEFINED 01 57,737
STHRN CO COM 842587107 2,440 80,000 SH DEFINED 01 80,000
STRYKER COM 863667101 1,771 20,000 SH DEFINED 01 20,000
SUN MICRO COM 866810104 1,290 310,000 SH DEFINED 01 310,000
SUNGARD DATA$0.01 COM 867363103 822 30,000 SH DEFINED 01 30,000
SW AIR$1 COM 844741108 1,591 112,000 SH DEFINED 01 112,000
SYMANTEC COM 871503108 1,620 35,000 SH DEFINED 01 35,000
SYSCO COM 871829107 2,733 70,000 SH DEFINED 01 70,000
TAIWAN GRT CHNA FD COM 874037104 1,046 220,284 SH DEFINED 01 220,284
TARGET CP COM 87612E106 4,144 92,000 SH DEFINED 01 92,000
TEFNDS MEX ADR ADR 879403707 4,702 135,000 SH DEFINED 01 135,000
TELE MEX ADS COM 879403780 2,548 73,000 SH DEFINED 01 73,000
TERADYNE COM 880770102 477 20,000 SH DEFINED 01 20,000
TEXAS INSTR COM 882508104 5,259 180,000 SH DEFINED 01 180,000
TEXTRON COM 883203101 1,063 20,000 SH DEFINED 01 20,000
TIFFANY COM 886547108 573 15,000 SH DEFINED 01 15,000
TIME WARNER COM 887315109 7,924 470,000 SH DEFINED 01 470,000
TLX COS COM 872540109 1,965 80,000 SH DEFINED 01 80,000
TMPLTN INLND COM 879868107 633 10,000 SH DEFINED 01 10,000
TRANSOCN INC COM G90078109 1,116 40,000 SH DEFINED 01 40,000
TRAV PROP CAS'B' COM 89420G406 1,727 99,990 SH DEFINED 01 99,990
TRIBUNE(DEL)NPV COM 896047107 2,169 43,000 SH DEFINED 01 43,000
TXU CORP COM 873168108 1,648 57,500 SH DEFINED 01 57,500
TYCO INT LD COM 902124106 6,160 215,000 SH DEFINED 01 215,000
UNIBANCO GDR GDR 90458E107 489 20,000 SH DEFINED 01 20,000
UNION PAC CORP COM 907818108 1,615 27,000 SH DEFINED 01 27,000
UNISYS CP COM 909214108 428 30,000 SH DEFINED 01 30,000
UNITEDHEALTH GRP COM 910581107 5,993 93,000 SH DEFINED 01 93,000
UPS'B' COM 911312106 8,031 115,000 SH DEFINED 01 115,000
US BANCORP COM 917292104 5,751 208,000 SH DEFINED 01 208,000
UST DEL COM 902911106 704 19,500 SH DEFINED 01 19,500
UTD TECH COM 913017109 4,531 52,500 SH DEFINED 01 52,500
VA LINUX SYSTEMS COM 91819B105 148 51,609 SH SOLE 51,609
VERITAS SFTWRE NPV COM 923436109 1,211 45,000 SH DEFINED 01 45,000
VERIZON COM 92343V104 10,377 284,000 SH DEFINED 01 284,000
VIACOM N.VTG'B' COM 925524308 7,842 200,000 SH DEFINED 01 200,000
WACHOVIA CRP USD COM 929903102 7,755 165,000 SH DEFINED 01 165,000
WALGREEN COM 931422109 3,624 110,000 SH DEFINED 01 110,000
WALMART STORE COM 931142103 26,382 442,000 SH DEFINED 01 442,000
WASH MUT COM 939322103 3,844 90,000 SH DEFINED 01 90,000
WASTE MGMT COM 94106L109 2,414 80,000 SH DEFINED 01 80,000
WELLPNT HLTHWRK COM 94973H108 2,217 19,500 SH DEFINED 01 19,500
WELLS FARGO COM 949746101 10,200 180,000 SH DEFINED 01 180,000
WENDYS INTL USD0.1 COM 950590109 407 10,000 SH DEFINED 01 10,000
WEYERHAEUSER$1.25 COM 962166104 1,932 29,500 SH DEFINED 01 29,500
WHRLPOOL COM 963320106 551 8,000 SH DEFINED 01 8,000
WYETH COM 983024100 4,881 130,000 SH DEFINED 01 130,000
X1LINX COM 983919101 1,520 40,000 SH DEFINED 01 40,000
XEROX COM 984121103 1,238 85,000 SH DEFINED 01 85,000
YAHOO INC COM 984332106 3,280 67,500 SH DEFINED 01 67,500
ZIMMER HOLDINGS COM 98956P102 2,213 30,000 SH DEFINED 01 30,000
2,471,113