UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2002
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: McDonald Gradison Investments Inc.
(AKA Victory Gradison Capital Mgmt Inc.)
Address: 800 Superior Avenue
Cleveland, OH 44114
13F File Number: 28-5156
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: Diane L. Wozniak
Title: Assistant Vice President
Phone: 216-813-4794
Signature, Place, and Date of Signing:
/s/ Diane L. Wozniak Brooklyn, Ohio November 14, 2002
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
McDonald Investments Inc.
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: 0
Form 13F Information Table Entry Total: 300
Form 13F Information Table Value Total: $878,642,315
List of Other Included Managers:
None
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McDONALD GRADISON INVESTMENTS INC.
13F REPORT AS OF 09/30/02
SHARES OF INVESTMENT
TITLE OF FAIR MARKET PRINCIPAL DISCRETION VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE INTEREST SOLE SOLE NONE
3M COMPANY COMMON 88579Y101 4,774,677 43,418 X 1,400 42,018
ABBOTT LABORATORIES COMMON 002824100 7,370,576 182,440 X 8,576 173,864
ABM INDUSTRIES INC COMMON 000957100 715,575 50,750 X 12,200 38,550
ACE LTD COMMON G0070K103 429,345 14,500 X 7,500 7,000
ADOLPH COORS CO CLASS B COMMON 217016104 8,177,576 145,250 X 78,925 66,325
ADVANCED MARKETING SERVICE COMMON 00753T105 221,840 16,087 X 3,950 12,137
AEGON NON VOTING COMMON 007924103 105,220 11,158 X 11,158
AGERE SYSTEMS INC CLASS B COMMON 00845V209 20,629 20,838 X 476 20,362
AIR PRODUCTS & CHEMICALS I COMMON 009158106 8,257,234 196,554 X 70,950 125,604
ALBERTO CULVER CO CLASS B COMMON 013068101 6,175,329 125,950 X 96,200 29,750
ALCOA INC COMMON 013817101 6,189,684 320,709 X 123,690 197,019
ALFA CORP COMMON 015385107 746,638 60,950 X 14,700 46,250
ALLTEL CORP COMMON 020039103 12,533,924 312,333 X 89,205 223,128
AMBAC FINANCIAL GROUP INC COMMON 023139108 5,265,053 97,700 X 36,800 60,900
AMERADA HESS CORP COMMON 023551104 2,211,531 32,580 X 1,985 30,595
AMERICAN ELECTRIC POWER IN COMMON 025537101 210,432 7,381 X 975 6,406
AMERICAN EXPRESS CO COMMON 025816109 2,808,320 90,068 X 8,700 81,368
AMERICAN GREETINGS CORP CL COMMON 026375105 634,340 39,400 X 11,500 27,900
AMERICAN INTERNATIONAL COMMON 026874107 19,784,333 361,688 X 88,352 273,336
AMERON INTERNATIONAL CORP COMMON 030710107 526,333 10,700 X 2,000 8,700
AMGEN INC COMMON 031162100 350,072 8,395 X 150 8,245
ANHEUSER BUSCH COMPANIES I COMMON 035229103 2,502,170 49,450 X 1,190 48,260
ANIXTER INTERNATIONAL INC COMMON 035290105 453,200 22,000 X 6,000 16,000
AOL TIME WARNER COMMON 00184A105 2,017,268 172,416 X 8,355 164,061
ARCHER DANIELS MIDLAND CO COMMON 039483102 1,511,333 120,810 X 120,810
ASSOCIATED BANC CORP COMMON 045487105 204,087 6,432 X 6,432
AT & T CORP COMMON 001957109 920,519 76,646 X 1,489 75,157
AT&T WIRELESS SERVICES INC COMMON 00209A106 63,584 15,433 X 350 15,083
AUTOMATIC DATA PROCESSING COMMON 053015103 2,398,261 68,975 X 3,200 65,775
AVERY DENNISON CORPORATION COMMON 053611109 2,229,058 39,120 X 575 38,545
AVOCENT CORP COMMON 053893103 318,444 23,800 X 6,100 17,700
BANDAG INC COMMON 059815100 259,250 8,500 X 1,800 6,700
BANK OF AMERICA CORP NEW COMMON 060505104 5,288,063 82,885 X 4,975 77,910
BANK OF NEW YORK COMPANY I COMMON 064057102 8,371,388 291,280 X 148,125 143,155
BANK ONE CORPORATION COMMON 06423A103 373,663 9,991 X 9,991
BARR LABORTORIES INC COMMON 068306109 305,221 4,900 X 2,900 2,000
BECTON DICKINSON & CO COMMON 075887109 282,864 9,960 X 9,960
BEDFORD PROPERTY INVESTORS COMMON 076446301 814,604 32,900 X 6,100 26,800
BELLSOUTH CORP COMMON 079860102 5,091,155 277,296 X 119,550 157,746
BEMIS COMPANY INC COMMON 081437105 3,008,460 60,900 X 36,900 24,000
BENCHMARK ELECTRONICS INC COMMON 08160H101 515,725 24,500 X 4,900 19,600
BERKSHIRE HATHAWAY INC COMMON 084670207 1,114,180 452 X 452
BIO-RAD LABORATORIES INC COMMON 090572207 436,028 11,578 X 2,801 8,777
BMC SOFTWARE COMMON 055921100 1,472,270 112,645 X 7,700 104,945
BOEING CO COMMON 097023105 6,013,024 176,180 X 84,235 91,945
BORG WARNER INC COMMON 099724106 956,811 19,275 X 7,450 11,825
BP PLC COMMON 055622104 7,722,047 193,535 X 83,375 110,160
BRANDYWINE REALTY TRUST NE COMMON 105368203 381,704 16,927 X 4,001 12,926
BRIGGS & STRATTON CORP COMMON 109043109 595,009 15,850 X 3,350 12,500
BRISTOL MYERS SQUIBB CO COMMON 110122108 10,794,942 453,569 X 113,425 340,144
BROADWING INCORPORATED COMMON 111620100 120,491 60,854 X 1,600 59,254
BRUNSWICK CORP COMMON 117043109 1,994,908 94,815 X 5,325 89,490
C AND D TECHNOLOGIES INC COMMON 124661109 467,288 31,875 X 7,050 24,825
C R BARD INC COMMON 067383109 3,214,976 58,850 X 36,200 22,650
CASCADE NATURAL GAS CORP COMMON 147339105 788,493 40,025 X 9,050 30,975
CATERPILLAR INC COMMON 149123101 1,525,722 40,992 X 40,992
CENTEX CORP COMMON 152312104 2,772,984 62,525 X 47,900 14,625
CHARTER ONE FINANCIAL INC COMMON 160903100 4,245,076 142,836 X 14,184 128,652
CHEMICAL FINANCIAL CORP COMMON 163731102 455,988 15,800 X 3,850 11,950
CHESAPEAKE CORP COMMON 165159104 239,414 16,025 X 4,050 11,975
CHEVRON-TEXACO CORP COMMON 166764100 15,370,938 221,963 X 57,553 164,410
CHITTENDEN CORP COMMON 170228100 951,936 32,160 X 6,687 25,473
CIGNA CORP COMMON 125509109 6,341,535 89,633 X 35,425 54,208
CINCINNATI FINANCIAL CORP COMMON 172062101 5,447,939 153,118 X 4,713 148,405
CINERGY CORP COMMON 172474108 787,510 25,056 X 452 24,604
CINTAS CORP COMMON 172908105 3,214,048 76,671 X 5,300 71,371
CIRCOR INTERNATIONAL INC COMMON 17273K109 396,640 29,600 X 7,500 22,100
CISCO SYSTEMS INC COMMON 17275R102 3,170,368 302,516 X 14,892 287,624
CITIGROUP INC COMMON 172967101 20,234,794 682,455 X 180,622 501,833
CLECO CORP HOLDING CO COMMON 12561W105 440,132 32,675 X 7,900 24,775
CLOROX CO COMMON 189054109 10,738,467 267,259 X 101,200 166,059
CMS ENERGY CORP COMMON 125896100 356,655 44,250 X 1,800 42,450
COCA COLA CO COMMON 191216100 1,064,760 22,201 X 22,201
COLGATE PALMOLIVE CO COMMON 194162103 285,449 5,291 X 1,400 3,891
COMERICA INC COMMON 200340107 2,345,084 48,633 X 4,885 43,748
COMMONWEALTH TELEPHONE COMMON 203349105 464,180 13,350 X 2,900 10,450
COMPUTER SCIENCES CORP COMMON 205363104 685,496 24,667 X 7,200 17,467
COMPUWARE CORPORATION COMMON 205638109 100,955 33,100 X 17,800 15,300
CONAGRA FOODS INC COMMON 205887102 402,570 16,200 X 16,200
CONOCO PHILLIPS COMMON 20825C104 2,602,110 56,274 X 3,107 53,167
CONVERGYS CORPORATION COMMON 212485106 1,017,215 67,679 X 1,600 66,079
COVENTRY HEALTH CARE INC COMMON 222862104 641,875 19,750 X 5,350 14,400
CURTISS WRIGHT CORP COMMON 231561101 397,604 6,650 X 1,800 4,850
DEERE & CO COMMON 244199105 463,317 10,194 X 580 9,614
DELL COMPUTER CORPORATION COMMON 247025109 630,068 26,800 X 620 26,180
DELPHI FINANCIAL GROUP COMMON 247131105 618,230 16,975 X 4,650 12,325
DELUXE CORP COMMON 248019101 3,433,572 76,200 X 52,000 24,200
DIEBOLD INC COMMON 253651103 2,216,141 67,319 X 67,319
DOVER CORP COMMON 260003108 355,320 14,000 X 14,000
DOW CHEMICAL CO COMMON 260543103 1,988,305 72,805 X 4,054 68,751
DOWNEY FINANCIAL CORP COMMON 261018105 499,194 14,575 X 3,800 10,775
DUKE ENERGY CORPORATION COMMON 264399106 3,393,880 173,600 X 7,342 166,258
DUKE REALTY CORPORATION COMMON 264411505 2,059,808 83,664 X 2,500 81,164
DURA AUTOMOTIVE SYSTEMS IN COMMON 265903104 217,438 17,750 X 5,100 12,650
E I DUPONT DE NEMOURS & CO COMMON 263534109 2,168,312 60,114 X 1,800 58,314
EATON CORP COMMON 278058102 409,848 6,430 X 270 6,160
EL PASO CORPORATION COMMON 28336L109 478,486 57,858 X 1,370 56,488
EMC CORP MASSACHUSETTS COMMON 268648102 278,085 60,850 X 200 60,650
EMCOR GROUP INC COMMON 29084Q100 663,495 13,350 X 3,750 9,600
EMERSON ELECTRIC CO COMMON 291011104 10,290,045 234,184 X 76,390 157,794
ENERGEN CORP COMMON 29265N108 727,663 28,750 X 6,350 22,400
ENSCO INTERNATIONAL INC COMMON 26874Q100 1,496,516 59,765 X 3,665 56,100
EXELON CORPORATION COMMON 30161N101 2,679,381 56,408 X 4,199 52,209
EXXON MOBIL CORP COMMON 30231G102 8,965,527 281,051 X 7,160 273,891
FEDERAL NATIONAL MORTGAGE COMMON 313586109 17,874,444 300,209 X 82,600 217,609
FIDELITY NATIONAL FINANCIA COMMON 316326107 827,424 28,790 X 4,430 24,360
FIFTH THIRD BANCORP OHIO COMMON 316773100 9,891,646 161,549 X 1,750 159,799
FIRST FINANCIAL BANCORP COMMON 320209109 223,195 12,532 X 3,017 9,515
FIRST TENNEESEE NATIONAL C COMMON 337162101 379,637 10,950 X 2,050 8,900
FIRSTFED FINANCIAL CORP COMMON 337907109 440,325 17,100 X 4,900 12,200
FISERV INC COMMON 337738108 5,357,608 190,798 X 98,274 92,524
FLAGSTAR BANCORP COMMON 337930101 751,752 36,317 X 8,875 27,442
FLEET BOSTON FINANCIAL COR COMMON 339030108 6,946,700 341,697 X 126,487 215,210
FORTUNE BRANDS INC COMMON 349631101 7,944,200 167,989 X 65,475 102,514
FPL GROUP INC COMMON 302571104 2,168,409 40,305 X 4,130 36,175
FRANKLIN ELECTRIC CO COMMON 353514102 524,757 12,275 X 2,550 9,725
FRONTIER OIL CORP COMMON 35914P105 511,810 41,275 X 9,250 32,025
GANNETT COMPANY INC COMMON 364730101 5,220,058 72,320 X 6,310 66,010
GENERAL DYNAMICS CORP COMMON 369550108 8,189,688 100,697 X 33,550 67,147
GENERAL ELECTRIC CO COMMON 369604103 22,445,674 910,575 X 171,447 739,128
GENERAL MILLS INC COMMON 370334104 413,106 9,300 X 9,300
GENLYTE GROUP INC COMMON 372302109 531,750 15,000 X 4,300 10,700
GILLETTE CO COMMON 375766102 280,194 9,466 X 9,466
GLOBAL IMAGING SYSTEMS INC COMMON 37934A100 446,512 23,650 X 6,800 16,850
GROUP ONE AUTOMOTIVE INC COMMON 398905109 297,814 13,325 X 3,900 9,425
H J HEINZ CO COMMON 423074103 213,402 6,395 X 450 5,945
HCA INC COMMON 404119109 3,967,960 83,343 X 5,675 77,668
HELMERICH & PAYNE INC COMMON 423452101 2,503,891 73,149 X 750 72,399
HEWLETT-PACKARD COMPANY COMMON 428236103 2,977,356 255,129 X 16,955 238,174
HOME DEPOT INC COMMON 437076102 643,026 24,637 X 700 23,937
HONEYWELL INTERNATIONAL IN COMMON 438516106 8,057,325 371,991 X 110,715 261,276
HUNTINGTON BANCSHARES INC COMMON 446150104 574,186 31,566 X 31,566
IKON OFFICE SOLUTIONS INC COMMON 451713101 361,298 45,850 X 11,000 34,850
IMATION CORP COMMON 45245A107 417,726 14,745 X 4,000 10,745
INGERSOLL RAND CO CLASS A COMMON G4776G101 372,813 10,825 X 100 10,725
INTEL CORP COMMON 458140100 2,345,021 168,828 X 4,120 164,708
INTER TEL INC COMMON 458372109 632,377 31,075 X 7,650 23,425
INTERNATIONAL BUSINESS COMMON 459200101 11,715,295 200,914 X 51,846 149,068
INTERNATIONAL PAPER CO COMMON 460146103 2,200,235 65,895 X 3,150 62,745
INTERPUBLIC GROUP OF COMPA COMMON 460690100 1,005,191 63,419 X 3,840 59,579
INTERSTATE BAKERIES CORP COMMON 46072H108 549,999 20,700 X 4,500 16,200
IRWIN FINANCIAL CORP COMMON 464119106 824,075 48,475 X 12,050 36,425
ISTAR FINANCIAL INC COMMON 45031U101 357,376 12,800 X 7,000 5,800
ITLA CAPITAL CORPORATION COMMON 450565106 652,104 21,600 X 6,500 15,100
ITT INDUSTRIES INC COMMON 450911102 6,789,295 108,925 X 56,925 52,000
J & J SNACK FOODS CORP COMMON 466032109 503,924 13,675 X 3,900 9,775
JEFFERSON PILOT CORP COMMON 475070108 5,844,495 145,748 X 71,650 74,098
JOHN H HARLAND CO COMMON 412693103 543,000 20,000 X 4,900 15,100
JOHNSON & JOHNSON COMMON 478160104 19,582,855 362,109 X 110,875 251,234
JOHNSON CONTROLS INC COMMON 478366107 12,769,097 166,221 X 58,310 107,911
JONES APPAREL GROUP INC COMMON 480074103 2,883,498 93,925 X 5,450 88,475
JP MORGAN CHASE & CO COMMON 46625H100 1,629,191 85,792 X 1,946 83,846
KERR MCGEE CORP COMMON 492386107 341,221 7,855 X 450 7,405
KEYCORP COMMON 493267108 329,854 13,210 X 13,210
KIMBERLY CLARK CORP COMMON 494368103 13,022,498 229,917 X 82,810 147,107
KPMG CONSULTING INC COMMON 48265R109 580,851 89,915 X 4,575 85,340
KROGER CO COMMON 501044101 6,971,816 494,455 X 175,975 318,480
LAM RESEARCH CORP COMMON 512807108 4,735,094 532,033 X 244,475 287,558
LANDSTAR SYSTEM INC COMMON 515098101 546,629 11,150 X 3,000 8,150
LEXMARK INTERNATIONAL INC. COMMON 529771107 2,456,925 52,275 X 34,325 17,950
LILLY ELI & CO COMMON 532457108 1,358,099 24,541 X 1,600 22,941
LINCOLN NATIONAL CORP INDI COMMON 534187109 1,502,388 49,178 X 7,342 41,836
LIZ CLAIBORNE INC COMMON 539320101 6,620,857 265,365 X 153,200 112,165
LM ERICSSON TELEPHONE CO COMMON 294821400 8,582 23,840 X 23,840
LOWES CO COMMON 548661107 1,080,126 26,090 X 26,090
LUBRIZOL CORP COMMON 549271104 607,805 21,500 X 10,000 11,500
LUFKIN INDUSTRIES INC COMMON 549764108 445,875 18,125 X 4,350 13,775
MAXIMUS INC COMMON 577933104 454,160 20,275 X 5,800 14,475
MBIA INC COMMON 55262C100 3,605,448 90,249 X 68,700 21,549
MBNA CORPORATION COMMON 55262L100 5,146,033 279,980 X 131,012 148,968
MCDONALDS CORP COMMON 580135101 972,112 55,046 X 4,400 50,646
MEDICIS PHARMACEUTICAL COMMON 584690309 520,071 12,725 X 4,450 8,275
MEDTRONIC INC COMMON 585055106 3,378,361 80,208 X 16,800 63,408
MELLON FINANCIAL CORP COMMON 58551A108 6,568,458 253,315 X 116,325 136,990
MERCANTILE BANCSHARES CORP COMMON 587405101 541,060 14,175 X 3,650 10,525
MERCK & COMPANY INC COMMON 589331107 10,930,769 239,133 X 3,599 235,534
MERCURY GENERAL CORP COMMON 589400100 1,614,972 37,733 X 550 37,183
MERITAGE CORP COMMON 59001A102 343,865 9,700 X 2,800 6,900
METHODE ELECTRONICS CLASS COMMON 591520200 230,877 25,150 X 6,200 18,950
METLIFE INC COMMON 59156R108 289,052 12,700 X 2,450 10,250
MGIC INVESTMENT CORP COMMON 552848103 9,183,606 224,923 X 79,425 145,498
MGM MIRAGE COMMON 552953101 492,360 13,200 X 1,450 11,750
MICROSOFT CORP COMMON 594918104 6,445,745 147,365 X 5,145 142,220
MID-ATLANTIC REALTY TRUST COMMON 595232109 323,726 20,195 X 4,592 15,603
MIRANT CORP COMMON 604675108 46,295 20,948 X 278 20,670
MORGAN STANLEY COMMON 617446448 206,397 6,092 X 418 5,674
MOTOROLA INC COMMON 620076109 3,438,051 337,726 X 19,150 318,576
MUELLER INDUSTRIES INC COMMON 624756102 523,180 20,200 X 6,100 14,100
MYLAN LABS INC COMMON 628530107 598,324 18,275 X 7,000 11,275
NASDAQ 100 SHARES COMMON 631100104 238,280 11,500 X 11,500
NATIONAL CITY CORP COMMON 635405103 594,908 20,852 X 400 20,452
NATIONAL PENNSYLVANIA COMMON 637138108 457,845 16,375 X 3,800 12,575
NCR CORP COMMON 62886E108 5,557,642 280,689 X 109,450 171,239
NEW ENGLAND BUSINESS SERVI COMMON 643872104 678,915 32,100 X 6,800 25,300
NEWELL RUBBERMAID INC COMMON 651229106 439,157 14,226 X 2,400 11,826
NEWPORT CORP COMMON 651824104 3,785,286 335,575 X 162,400 173,175
NISOURCE INC COMMON 65473P105 3,519,934 204,291 X 20,000 184,291
NORFOLK SOUTHERN CO COMMON 655844108 616,502 30,535 X 30,535
NVR INC NEW COMMON 62944T105 209,881 700 X 700
OCCIDENTAL PETROLEUM CORP COMMON 674599105 982,090 34,605 X 14,675 19,930
OLD REPUBLIC INTERNATIONAL COMMON 680223104 3,707,705 130,645 X 17,050 113,595
ORACLE CORPORATION COMMON 68389X105 412,414 52,470 X 879 51,591
OXFORD HEALTH PLANS COMMON 691471106 6,824,236 175,250 X 74,625 100,625
PAPA JOHN'S INTERNATIONAL COMMON 698813102 645,230 22,150 X 6,700 15,450
PARKWAY PROPERTIES INC (MD COMMON 70159Q104 543,132 16,050 X 3,900 12,150
PATINA OIL & GAS CORP COMMON 703224105 844,911 29,646 X 6,312 23,334
PEPSICO INC COMMON 713448108 3,749,243 101,468 X 4,600 96,868
PFF BANCORP INC COMMON 69331W104 671,517 24,225 X 6,000 18,225
PFIZER INC COMMON 717081103 17,466,239 601,869 X 132,077 469,792
PHARMACIA CORP COMMON 71713U102 1,037,785 26,692 X 2,275 24,417
PHILIP MORRIS COMPANIES IN COMMON 718154107 4,274,790 110,175 X 8,895 101,280
PHILLIPS VAN HEUSEN CORP COMMON 718592108 771,435 61,225 X 13,900 47,325
PITNEY BOWES INC COMMON 724479100 9,905,073 324,863 X 102,300 222,563
PMI GROUP INC COMMON 69344M101 285,705 10,500 X 1,400 9,100
PNC BANK CORP COMMON 693475105 3,168,274 75,131 X 2,205 72,926
POLYMEDICA CORP COMMON 731738100 460,369 17,425 X 6,250 11,175
PPL CORP COMMON 69351T106 9,482,970 291,425 X 114,050 177,375
PRAXAIR INC COMMON 74005P104 248,139 4,855 X 610 4,245
PRECISION CASTPARTS INC COMMON 740189105 681,294 31,425 X 4,100 27,325
PROCTER & GAMBLE CO COMMON 742718109 31,298,108 350,169 X 11,494 338,675
PROTECTIVE LIFE CORP COMMON 743674103 276,930 9,000 X 5,000 4,000
PROVIDENT FINANCIAL GROUP COMMON 743866105 464,466 18,512 X 18,512
PS BUSINESS PARKS INC COMMON 69360J107 393,686 11,579 X 2,601 8,978
QUAKER CHEMICAL CORP COMMON 747316107 682,058 35,450 X 7,650 27,800
QUESTAR CORP COMMON 748356102 487,634 21,350 X 6,000 15,350
R & G FINANCIAL CORP COMMON 749136107 906,076 41,525 X 10,150 31,375
RADIOSHACK CORP COMMON 750438103 4,979,394 248,225 X 115,100 133,125
RELIANCE STEEL & ALUMINUM COMMON 759509102 554,990 25,400 X 4,800 20,600
ROHM & HAAS CO COMMON 775371107 224,037 7,227 X 7,227
ROSLYN BANCORP COMMON 778162107 612,153 35,161 X 8,325 26,836
ROYAL DUTCH PETROLEUM CO N COMMON 780257804 905,954 22,553 X 900 21,653
RUDDICK CORP COMMON 781258108 470,510 30,975 X 7,000 23,975
SANDY SPRING BANCORP COMMON 800363103 616,339 20,011 X 4,300 15,711
SARA LEE CORP COMMON 803111103 12,854,377 702,809 X 231,630 471,179
SBC COMMUNICATIONS INC COMMON 78387G103 7,904,345 393,251 X 104,454 288,797
SCHERING PLOUGH CORPORATIO COMMON 806605101 2,165,238 101,559 X 275 101,284
SCHLUMBERGER LIMITED COMMON 806857108 2,585,666 67,230 X 3,715 63,515
SCIENTIFIC ATLANTA INC COMMON 808655104 3,086,217 246,700 X 103,025 143,675
SEARS ROEBUCK AND CO COMMON 812387108 227,097 5,823 X 5,823
SHERWIN WILLIAMS CO COMMON 824348106 8,105,427 342,290 X 159,275 183,015
SKY FINANCIAL GROUP COMMON 83080P103 565,603 28,408 X 13,000 15,408
SNAP-ON INC COMMON 833034101 522,106 22,720 X 11,320 11,400
SOURCECORP INC. COMMON 836167106 401,057 19,650 X 4,250 15,400
SOUTHERN CO COMMON 842587107 1,036,253 36,006 X 1,800 34,206
SOUTHTRUST CORP COMMON 844730101 298,275 12,300 X 2,100 10,200
SOUTHWEST AIRLINES CO COMMON 844741108 242,785 18,590 X 18,590
SPARTECH CORP NEW COMMON 847220209 689,816 32,600 X 7,250 25,350
ST PAUL COMPANIES INC COMMON 792860108 3,504,672 122,029 X 13,070 108,959
STAGE STORES INC. COMMON 85254C305 359,512 16,575 X 4,100 12,475
STATE AUTO FINANCIAL CORP COMMON 855707105 614,578 40,593 X 9,422 31,171
STERLING BANCSHARES TEXAS COMMON 858907108 259,767 19,875 X 4,950 14,925
SUN MICROSYSTEMS INC COMMON 866810104 986,269 380,799 X 14,844 365,955
SUNOCO INC COMMON 86764P109 8,270,626 274,225 X 114,825 159,400
SUNRISE ASSISTED LIVING IN COMMON 86768K106 324,432 15,125 X 4,350 10,775
SUNTRUST BANKS INC COMMON 867914103 8,112,593 131,955 X 64,000 67,955
SUPER VALUE STORES (NEW) COMMON 868536103 3,221,925 199,500 X 121,200 78,300
SYNTEL INC COMMON 87162H103 357,514 30,375 X 8,050 22,325
TARGET CP COMMON 87612E110 3,416,763 115,744 X 4,715 111,029
TECHNITROL INC COMMON 878555101 343,476 22,975 X 4,200 18,775
TELLABS INC COMMON 879664100 289,886 71,225 X 1,000 70,225
TEXAS INSTRUMENTS INC COMMON 882508104 495,031 33,516 X 33,516
TEXAS REGIONAL BANK SHARES COMMON 882673106 316,413 9,448 X 2,196 7,252
TEXTRON INC COMMON 883203101 9,274,553 271,981 X 92,135 179,846
THE ALLSTATE CORPORATION COMMON 020002101 3,603,383 101,361 X 5,028 96,333
THE MILLS CORPORATION COMMON 601148109 392,995 13,250 X 3,000 10,250
THE TIMBERLAND CO COMMON 887100105 4,840,704 152,800 X 85,525 67,275
THOMAS INDUSTRIES INC COMMON 884425109 667,120 26,900 X 6,500 20,400
TOLLGRADE COMMUNICATIONS I COMMON 889542106 173,773 22,250 X 6,500 15,750
TOOTSIE ROLL INDUSTRIES IN COMMON 890516107 324,483 10,918 X 10,918
TRANSOCEAN INC COMMON G90078109 325,416 15,645 X 15,645
TRIAD GUARANTY, INC COMMON 895925105 584,976 16,800 X 5,200 11,600
TRIBUNE CO NEW COMMON 896047107 237,481 5,680 X 5,680
TRIUMPH GROUP INC COMMON 896818101 368,900 13,175 X 3,300 9,875
TYCO INTERNATIONAL LTD NEW COMMON 902124106 150,983 10,708 X 1,046 9,662
UBIQUITEL INC COMMON 903474302 22,313 89,252 X 89,252
UIL HOLDINGS CORPORATION COMMON 902748102 535,295 15,100 X 3,700 11,400
UMB FINANCIAL CORP COMMON 902788108 458,720 11,750 X 2,800 8,950
UNION PACIFIC CORP COMMON 907818108 2,798,999 48,367 X 2,910 45,457
UNISYS CORP COMMON 909214108 78,680 11,240 X 11,240
UNITED HEALTHCARE INC COMMON 91324P102 1,587,405 18,200 X 425 17,775
UNITED STATIONERS INC COMMON 913004107 555,588 21,125 X 6,200 14,925
UNITED TECHNOLOGIES CORP COMMON 913017109 6,855,005 121,349 X 53,875 67,474
UNIVERSAL FOREST PRODUCTS COMMON 913543104 667,169 35,450 X 8,400 27,050
UNIVERSAL HEALTH SERVICES COMMON 913903100 583,110 11,400 X 3,100 8,300
UNOCAL CORP COMMON 915289102 2,167,260 69,043 X 4,135 64,908
US BANCORP DELAWARE NEW COMMON 902973304 14,677,605 789,968 X 180,950 609,018
V F CORP COMMON 918204108 949,872 26,400 X 25,000 1,400
VALERO ENERGY NEW COMMON 91913Y100 243,577 9,202 X 700 8,502
VERIZON COMMUNICATIONS COMMON 92343V104 4,334,368 157,958 X 6,334 151,624
VIACOM INC CLASS B COMMON COMMON 925524308 3,601,611 88,819 X 4,414 84,405
WACHOVIA CORP COMMON 929903102 827,384 25,310 X 25,310
WAL-MART STORES INC COMMON 931142103 1,079,242 21,918 X 1,100 20,818
WALT DISNEY COMPANY COMMON 254687106 1,362,373 89,985 X 1,200 88,785
WASHINGTON MUTUAL INC COMMON 939322103 9,122,240 289,871 X 120,275 169,596
WATSCO INC COMMON 942622200 662,805 46,350 X 11,550 34,800
WELLPOINT HEALTH COMMON 94973H108 11,674,858 159,275 X 67,875 91,400
WELLS FARGO & CO COMMON 949746101 11,915,458 247,414 X 95,100 152,314
WENDYS INTERNATIONAL INC COMMON 950590109 7,389,656 223,185 X 102,535 120,650
WYETH COMMON 983024100 4,302,031 135,284 X 6,791 128,493
XL CAPITAL LIMITED COMMON G98255105 2,270,489 30,891 X 400 30,491
300 entries 878,642,315
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