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, 2001
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 & Company Securities Inc.
(AKA Gradison & Company)
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:
Diane L. Wozniak Brooklyn, Ohio November 14, 2001
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: 2
Form 13F Information Table Entry Total: 322
Form 13F Information Table Value Total: $1,339,239,575
List of Other Included Managers:
None
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SHARES OF INVESTMENT
TITLE OF FAIR MARKET PRINCIPAL DISCRETION VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE INTEREST SOLE SOLE SHARED NONE
A T & T CORP COMMON 001957109 1,443,119 74,773 X 2,564 72,209
ABBOTT LABORATORIES COMMON 002824100 8,351,257 161,066 X 10,105 150,961
ABM INDUSTRIES INC COMMON 000957100 482,648 18,700 X 6,750 11,950
ACE LTD COMMON G0070K103 929,614 32,200 X 6,000 26,200
ACTEL CORPORATION COMMON 004934105 242,513 13,655 X 5,900 7,755
ADVANCED MARKETING SERVICE COMMON 00753T105 778,998 50,749 X 15,050 35,699
AEGON NON VOTING COMMON 007924103 234,874 8,999 X 8,999
AGILENT TECHNOLOGIES INC COMMON 00846U101 3,818,447 195,317 X 99,444 95,873
AIR PRODUCTS & CHEMICALS I COMMON 009158106 3,702,485 95,969 X 7,825 88,144
ALBERTO CULVER CO COMMON 013068101 8,713,304 224,050 X 134,925 89,125
ALCOA INC COMMON 013817101 377,268 12,166 X 12,166
ALLEGHENY ENERGY INC COMMON 017361106 8,242,710 224,597 X 121,725 102,872
ALLTEL CORP COMMON 020039103 18,495,670 319,166 X 107,670 211,496
ALPHARMA INC COMMON 020813101 519,120 18,025 X 5,875 12,150
AMBAC FINANCIAL GROUP INC COMMON 023139108 3,296,880 60,261 X 6,250 54,011
AMERICAN ELECTRIC POWER IN COMMON 025537101 250,431 5,793 X 5,793
AMERICAN EXPRESS CO COMMON 025816109 1,187,770 40,873 X 4,375 36,498
AMERICAN HOME PRODUCTS COMMON 026609107 11,452,208 196,604 X 11,950 184,654
AMERICAN INTERNATIONAL COMMON 026874107 37,052,106 475,027 X 162,413 312,614
AMERON INC DELAWARE COMMON 030710107 465,579 7,225 X 2,100 5,125
AMGEN INC COMMON 031162100 396,580 6,748 X 200 6,548
AMLI RESIDENTIAL PROPERT COMMON 001735109 593,540 25,150 X 6,700 18,450
ANADARKO PETROLEUM CORP COMMON 032511107 1,666,934 34,670 X 1,295 33,375
ANHEUSER BUSCH CO INC COMMON 035229103 1,042,812 24,900 X 2,000 22,900
ANIXTER INTERNATIONAL INC COMMON 035290105 443,190 17,885 X 8,000 9,885
AOL TIME WARNER COMMON 00184A105 3,208,781 96,942 X 3,115 93,827
APPLIED MATERIALS INC COMMON 038222105 10,142,870 356,641 X 143,050 213,591
ARCHER DANIELS MIDLAND COMMON 039483102 1,199,946 95,309 X 5,568 89,741
AT&T WIRELESS SERVICES INC COMMON 00209A106 455,446 30,485 X 823 29,662
ATLAS AIR WORLWIDE HOLDING COMMON 049164106 645,175 65,500 X 8,500 57,000
AUTOMATIC DATA PROCESSING COMMON 053015103 3,588,823 76,293 X 5,400 70,893
AVERY DENNISON CORP COMMON 053611109 2,757,464 58,285 X 3,825 54,460
AVNET INC COMMON 053807103 9,709,713 533,794 X 224,625 309,169
BANC ONE CORP COMMON 06423A103 627,103 19,927 X 300 19,627
BANK OF AMERICA CORP NEW COMMON 060505104 3,130,007 53,596 X 2,462 51,134
BANK OF NEW YORK COMPANY I COMMON 064057102 12,765,550 364,730 X 211,050 153,680
BAXTER INTERNATIONAL COMMON 071813109 214,695 3,900 X 3,900
BECTON DICKINSON & CO COMMON 075887109 563,325 15,225 X 15,225
BEDFORD PROPERTY INVESTORS COMMON 076446301 615,296 30,400 X 8,500 21,900
BELLSOUTH CORP COMMON 079860102 9,329,803 224,544 X 32,700 191,844
BERKSHIRE HATHAWAY INC COMMON 084670207 601,140 258 X 258
BJ'S WHOLESALE INC COMMON 05548J106 466,578 9,800 X 4,200 5,600
BOEING CO COMMON 097023105 1,873,789 55,934 X 48,500 7,434
BORG-WARNER INC COMMON 099724106 361,693 8,975 X 3,350 5,625
BP PLC COMMON 055622104 13,049,079 265,387 X 121,462 143,925
BRINKER INTERNATIONAL INC COMMON 109641100 2,881,640 122,000 X 13,000 109,000
BRISTOL MYERS SQUIBB COMMON 110122108 13,431,985 241,756 X 13,250 228,506
BROADWING INCORPORATED COMMON 111620100 652,607 40,585 X 9,600 30,985
BROWN SHOE CO INC COMMON 115736100 380,509 33,525 X 9,950 23,575
BRUNSWICK CORP COMMON 117043109 1,290,507 78,355 X 3,375 74,980
C AND D TECHNOLOGIES INC COMMON 124661109 458,620 24,925 X 7,050 17,875
CABLE DESIGN TECHNOLOGIES COMMON 126924109 246,777 20,825 X 9,150 11,675
CAMBREX CORP COMMON 132011107 300,094 8,950 X 3,000 5,950
CASCADE NAT GAS CORP COMMON 147339105 634,500 29,375 X 9,250 20,125
CENTEX CORP COMMON 152312104 4,552,707 134,975 X 97,400 37,575
CHARTER ONE FINANCIAL INC COMMON 160903100 7,657,565 271,352 X 21,526 249,827
CHEVRON CORP COMMON 166751107 21,663,287 255,614 X 74,960 180,654
CHITTENDEN CORP COMMON 170228100 571,399 22,496 X 6,687 15,809
CIGNA CORP COMMON 125509109 9,999,042 120,543 X 47,375 73,168
CINCINNATI FINANCIAL CORP COMMON 172062101 10,784,117 259,109 X 19,798 239,311
CINERGY CORP COMMON 172474108 642,837 20,824 X 20,824
CINTAS CORP COMMON 172908105 4,490,146 111,418 X 11,725 99,693
CISCO SYSTEMS COMMON 17275R102 3,601,163 295,662 X 13,315 282,347
CITIGROUP INC COMMON 172967101 43,486,430 1,073,739 X 360,182 713,557
CLOROX CO COMMON 189054109 5,682,978 153,594 X 40,400 113,194
CMS ENERGY CORP COMMON 125896100 738,000 36,900 X 1,000 35,900
COASTAL BANCORP INC COMMON 19041P105 241,805 6,850 X 6,850
COCA COLA CO COMMON 191216100 2,454,987 52,401 X 4,475 47,926
COLGATE PALMOLIVE CO COMMON 194162103 351,597 6,036 X 2,100 3,936
COMERICA INC COMMON 200340107 756,376 13,653 X 5,775 7,878
COMPAQ COMPUTER CORP COMMON 204493100 410,614 49,412 X 4,600 44,812
COMPUTER SCIENCES CORP COMMON 205363104 581,238 17,523 X 916 16,607
CONAGRA INC COMMON 205887102 288,483 12,850 X 2,000 10,850
CONSTELLATION BRANDS INC COMMON 21036P108 1,041,500 25,000 X 25,000
CONVERGYS CORPORATION COMMON 212485106 1,396,963 50,341 X 9,600 40,741
COOPER COMPANIES INC NEW COMMON 216648402 498,313 10,625 X 3,300 7,325
COORS ADOLPH CO COMMON 217016104 5,474,250 121,650 X 82,000 39,650
COUSINS PROPERTIES INC COMMON 222795106 553,014 22,344 X 6,600 15,744
CURTISS WRIGHT CORP COMMON 231561101 295,910 6,350 X 2,950 3,400
DARDEN RESTAURANT INC COMMON 237194105 3,420,375 130,300 X 12,000 118,300
DELL COMPUTER CORPORATION COMMON 247025109 314,825 16,990 X 16,990
DELPHI FINANCIAL GROUP COMMON 247131105 389,545 11,525 X 4,750 6,775
DIEBOLD INC COMMON 253651103 5,000,320 131,242 X 1,500 129,742
DORAL FINANCIAL CORP COMMON 25811P100 311,370 8,025 X 8,025
DOVER CORP COMMON 260003108 505,848 16,800 X 16,800
DOW CHEMICAL CO COMMON 260543103 699,328 21,347 X 21,347
DOWNEY FINANCIAL CORP COMMON 261018105 516,321 11,700 X 3,900 7,800
DUKE ENERGY CORP COMMON 264399106 4,736,336 125,134 X 13,800 111,334
DUKE REALTY CORPORATION COMMON 264411505 4,104,293 173,250 X 5,700 167,550
E I DUPONT DE NEMOURS & CO COMMON 263534109 4,380,798 116,759 X 5,700 111,059
EL PASO CORPORATION COMMON 28336L109 19,182,554 461,674 X 153,346 308,328
EMC CORP MASSACHUSETTS COMMON 268648102 675,355 57,477 X 200 57,277
EMCOR GROUP INC COMMON 29084Q100 391,573 12,275 X 5,200 7,075
EMERSON ELECTRIC CO COMMON 291011104 10,119,500 215,034 X 77,050 137,984
ENERGEN CORP COMMON 29265N108 473,625 21,050 X 6,350 14,700
ENRON CORP COMMON 293561106 12,450,005 457,217 X 213,475 243,742
EQUITABLE RES INC COMMON 294549100 321,857 10,725 X 1,200 9,525
EVEREST RE GROUP LTD COMMON G3223R108 2,070,400 32,000 X 2,000 30,000
EXELON CORPORATION COMMON 30161N101 1,906,427 42,745 X 2,055 40,690
EXXON MOBIL CP COMMON 30231G102 22,330,265 566,758 X 37,396 529,362
FEDERAL HOME LOAN MORTGAGE COMMON 313400301 842,725 12,965 X 8,800 4,165
FEDERAL NATIONAL COMMON 313586109 32,379,467 404,440 X 131,825 272,615
FIDELITY NATIONAL FINANCIA COMMON 316326107 1,941,458 72,200 X 14,300 57,900
FIFTH THIRD BANCORP COMMON 316773100 15,464,679 251,540 X 25,301 226,239
FIRST FIDELITY ACCEPTANCE COMMON 320191109 570 190,000 X 190,000
FIRST FINANCIAL BANCORP OH COMMON 320209109 276,575 17,832 X 3,017 14,815
FIRST NATIONAL NEBRASKA IN COMMON 335720108 243,750 100 X 100
FIRST TENNEESEE NATIONAL C COMMON 337162101 2,072,000 56,000 X 8,500 47,500
FIRSTFED FINANCIAL CORP COMMON 337907109 426,400 16,400 X 7,000 9,400
FISERV INC COMMON 337738108 13,467,054 393,774 X 234,711 159,063
FLAGSTAR BANCORP COMMON 337930101 593,069 25,674 X 7,700 17,974
FLEET BOSTON FINANCIAL COR COMMON 339030108 12,409,850 337,683 X 125,228 212,455
FORD MOTOR CO COMMON 345370860 2,184,452 125,905 X 5,790 120,115
FOREST LABS INC CLASS A COMMON 345838106 353,486 4,900 X 300 4,600
FORTUNE BRANDS INC COMMON 349631101 3,723,995 111,164 X 57,525 53,639
FORWARD AIR CORPORATION COMMON 349853101 333,091 14,150 X 6,700 7,450
FREDS INC COMMON 356108100 497,119 18,974 X 5,800 13,174
FRONTIER OIL CORP COMMON 35914P105 502,496 29,300 X 9,250 20,050
GANNETT COMPANY INC COMMON 364730101 3,417,373 56,852 X 2,675 54,177
GENERAL DYNAMICS CORP COMMON 369550108 11,907,744 134,825 X 63,575 71,250
GENERAL ELECTRIC CO COMMON 369604103 41,689,408 1,120,683 X 194,788 925,895
GENERAL MILLS INC COMMON 370334104 735,826 16,172 X 16,172
GENLYTE GROUP INC COMMON 372302109 421,950 14,550 X 6,300 8,250
GILDAN ACTIVEWEAR INC COMMON 375916103 337,701 28,025 X 12,200 15,825
GILLETTE CO COMMON 375766102 385,642 12,941 X 650 12,291
GLAXOSMITHKLINE PLC-ADS COMMON 37733W105 231,158 4,119 X 4,119
GREATER BAY BANCORP COMMON 391648102 522,993 22,475 X 6,800 15,675
GREEN POINT FINANCIAL CORP COMMON 395384100 267,638 7,625 X 350 7,275
GROUP 1 SOFTWARE COMMON 39943Y103 147,556 14,800 X 7,800 7,000
HANDLEMAN CO DEL COMMON 410252100 296,800 21,200 X 8,950 12,250
HCA INC COMMON 404119109 1,655,200 37,355 X 1,685 35,670
HEINZ H J CO COMMON 423074103 1,817,256 43,114 X 5,650 37,464
HELMERICH & PAYNE INC COMMON 423452101 5,950,774 227,999 X 12,450 215,549
HERSHEY FOODS CORP COMMON 427866108 830,199 12,700 X 12,700
HEWLETT PACKARD INC COMMON 428236103 3,477,618 216,674 X 19,730 196,944
HOME DEPOT INC COMMON 437076102 1,310,911 34,165 X 10,575 23,590
HONEYWELL INTERNATIONAL IN COMMON 438516106 7,965,461 301,722 X 12,230 289,492
HOUSEHOLD INTERNATIONAL COMMON 441815107 1,416,266 25,120 X 715 24,405
HUNTINGTON BANCSHARES INC COMMON 446150104 631,884 36,504 X 36,504
INGERSOLL RAND CO COMMON 456866102 619,385 18,325 X 500 17,825
INTEL CORP COMMON 458140100 7,097,197 347,221 X 24,060 323,161
INTERNATIONAL BUSINESS COMMON 459200101 7,754,284 84,543 X 4,774 79,769
INTERPUBLIC GROUP CO COMMON 460690100 778,974 38,185 X 1,205 36,980
IRWIN FINANCIAL CORP COMMON 464119106 488,015 23,350 X 6,700 16,650
ITLA CAPITAL CORPORATION COMMON 450565106 391,838 19,350 X 6,500 12,850
ITT INDUSTRIES INC COMMON 450911102 4,017,440 89,675 X 67,350 22,325
J L G INDUSTRIES INC COMMON 466210101 373,270 40,750 X 11,200 29,550
JEFFERSON PILOT CORP COMMON 475070108 593,897 13,352 X 1,987 11,365
JOHNSON & JOHNSON COMMON 478160104 32,800,789 592,072 X 165,325 426,747
JOHNSON CONTROLS COMMON 478366107 21,164,574 324,411 X 128,540 195,871
JP MORGAN CHASE & CO COMMON 46625H100 7,559,991 221,376 X 12,518 208,858
KERR MCGEE CORP COMMON 492386107 12,599,232 242,713 X 101,325 141,388
KEYCORP NEW COMMON 493267108 318,889 13,210 X 13,210
KIMBERLY CLARK CORP COMMON 494368103 15,543,648 250,704 X 95,330 155,374
KROGER CO COMMON 501044101 19,114,480 775,750 X 255,025 520,725
LABORATORY CORP OF AMERICA COMMON 50540R409 4,325,475 53,500 X 5,000 48,500
LAM RESEARCH CORP COMMON 512807108 10,307,007 608,083 X 273,575 334,508
LANDSTAR SYSTEM INC COMMON 515098101 320,000 5,000 X 2,100 2,900
LIBERTY MEDIA CORP COMMON 530718105 226,162 17,808 X 17,808
LILLY ELI & CO COMMON 532457108 2,653,739 32,884 X 1,500 31,384
LIZ CLAIBORNE INC COMMON 539320101 6,608,810 175,300 X 113,450 61,850
LM ERICSSON TELEPHONE CO COMMON 294821400 51,931 14,880 X 14,880
LOWES CO COMMON 548661107 13,888,495 438,815 X 167,420 271,395
LUCENT TECHNOLOGIES INC COMMON 549463107 499,077 87,099 X 3,700 83,399
MASTEC INC COMMON 576323109 489,600 96,000 X 6,000 90,000
MAVERICK TUBE CORP COMMON 577914104 182,106 20,100 X 9,150 10,950
MAXIMUS INC COMMON 577933104 446,963 11,250 X 4,800 6,450
MBIA INC COMMON 55262C100 4,526,150 90,523 X 80,197 10,326
MCDONALDS CORP COMMON 580135101 2,834,963 104,457 X 11,100 93,357
MCSI INC COMMON 55270M108 357,642 22,200 X 9,300 12,900
MEDICIS PHARMACEUTICAL COMMON 584690309 442,323 8,850 X 3,900 4,950
MEDTRONIC INC COMMON 585055106 7,901,036 181,633 X 47,550 134,083
MELLON FINANCIAL CORP COMMON 58551A108 6,544,982 202,443 X 54,175 148,268
MENS WEARHOUSE INC COMMON 587118100 270,296 14,950 X 6,400 8,550
MERCANTILE BANCSHARES CORP COMMON 587405101 619,876 15,614 X 4,400 11,214
MERCK & COMPANY INC COMMON 589331107 20,567,878 308,827 X 7,950 300,877
MEREDITH CORP COMMON 589433101 498,015 15,500 X 15,500
MERITAGE CORP COMMON 59001A102 300,625 8,125 X 3,400 4,725
MGIC INVESTMENT CORP COMMON 552848103 18,758,787 287,095 X 108,300 178,795
MGM GRAND INC COMMON 552953101 2,804,942 124,775 X 90,875 33,900
MICROSOFT CORP COMMON 594918104 8,423,759 164,623 X 5,810 158,813
MINNESOTA MINING & COMMON 604059105 7,545,312 76,680 X 2,250 74,430
MIRANT CORP COMMON 604675108 723,511 33,037 X 833 32,204
MOLEX INC CLASS A COMMON 608554200 227,132 9,347 X 9,144 203
MORGAN STANLEY DEAN COMMON 617446448 2,549,528 55,006 X 2,795 52,211
MOTOROLA INC COMMON 620076109 5,836,241 374,118 X 26,675 347,443
MUELLER INDUSTRIES INC COMMON 624756102 359,468 12,525 X 6,000 6,525
MURPHY OIL CORP COMMON 626717102 636,768 8,800 X 2,900 5,900
MYLAN LABS INC COMMON 628530107 737,212 22,600 X 22,600
NATIONAL CITY CORP COMMON 635405103 595,107 19,870 X 400 19,470
NATIONAL GOLF PROPERTIES COMMON 63623G109 363,533 22,650 X 6,100 16,550
NCO GROUP INC COMMON 628858102 161,082 11,775 X 5,100 6,675
NEWELL RUBBERMAID INC COMMON 651229106 1,432,911 63,096 X 4,050 59,046
NEWPORT CORP COMMON 651824104 8,428,628 597,775 X 238,325 359,450
NISOURCE INC COMMON 65473P105 4,626,009 198,456 X 6,500 191,956
NORFOLK SOUTHERN CO COMMON 655844108 392,361 24,340 X 24,340
NORTH FORK BANCORPORATION COMMON 659424105 2,447,602 82,300 X 14,000 68,300
NVR INC NEW COMMON 62944T105 558,527 3,975 X 3,975
OCCIDENTAL PETROLEUM CORP COMMON 674599105 1,779,376 73,105 X 8,000 65,105
OCEAN ENERGY INC NEW COMMON 67481E106 3,772,146 231,420 X 21,500 209,920
O'CHARLEY'S INC COMMON 670823103 403,883 23,550 X 10,450 13,100
OLD REPUBLIC INTERNATIONAL COMMON 680223104 7,698,532 293,725 X 38,025 255,700
OM GROUP INC COMMON 670872100 485,375 8,825 X 3,000 5,825
ORACLE SYSTEMS CORP COMMON 68389X105 1,021,622 81,210 X 275 80,935
OVERSEAS SHIPHOLDING GRP I COMMON 690368105 507,650 23,075 X 7,150 15,925
PALL CORP COMMON 696429307 1,559,501 80,180 X 2,100 78,080
PALM INC COMMON 696642107 820,688 562,115 X 306,394 255,721
PARKER HANNIFIN CORP COMMON 701094104 1,849,800 53,930 X 2,795 51,135
PATINA OIL & GAS CORP COMMON 703224105 410,550 17,850 X 5,050 12,800
PEPSICO INC COMMON 713448108 7,725,468 159,288 X 8,400 150,888
PFF BANCORP INC COMMON 69331W104 496,238 18,045 X 7,000 11,045
PFIZER INC COMMON 717081103 16,339,507 407,469 X 38,971 368,498
PHARMACIA CORP COMMON 71713U102 708,380 17,465 X 1,000 16,465
PHILADELPHIA CONSOL COMMON 717528103 428,171 12,325 X 5,150 7,175
PHILIP MORRIS COMPANIES IN COMMON 718154107 1,921,266 39,786 X 3,710 36,076
PHILLIPS PETROLEUM CO COMMON 718507106 628,833 11,658 X 3,550 8,108
PHILLIPS VAN HEUSEN COMMON 718592108 445,748 45,025 X 14,200 30,825
PITNEY BOWES INC COMMON 724479100 4,856,213 127,126 X 7,350 119,776
PMI GROUP INC COMMON 69344M101 1,381,939 22,150 X 2,250 19,900
PNC BANK CORP COMMON 693475105 1,818,718 31,768 X 31,768
POLYMEDICA INDUSTRIES INC COMMON 731738100 305,019 19,975 X 6,250 13,725
POPULAR INC COMMON 733174106 2,152,800 69,000 X 8,000 61,000
PPL CORP COMMON 69351T106 6,040,780 185,300 X 88,025 97,275
PRAXAIR INC COMMON 74005P104 2,768,640 65,920 X 3,795 62,125
PRECISION CASTPARTS INC COMMON 740189105 8,048,610 362,550 X 152,200 210,350
PROCTER & GAMBLE CO COMMON 742718109 50,047,055 687,554 X 28,575 658,979
PROGRESS ENERGY INC COMMON 743263105 618,669 14,391 X 14,391
PROGRESS ENERGY INC EQ DER 743263AA3 5,043 11,206 X 11,206
PROGRESSIVE CORP OHIO COMMON 743315103 1,571,339 11,735 X 400 11,335
PROVIDENT FINANCIAL GROUP COMMON 743866105 532,422 21,086 X 21,086
PROVIDIAN FINANCIAL CORP COMMON 74406A102 8,241,371 409,001 X 214,050 194,951
PUBLIC SERVICE CO OF COMMON 744499104 510,503 20,250 X 6,600 13,650
QUESTAR CORP COMMON 748356102 1,231,989 61,050 X 6,000 55,050
QUIXOTE CORP COMMON 749056107 404,443 19,250 X 5,775 13,475
QWEST COMMUNICATIONS COMMON 749121109 194,723 11,660 X 1,695 9,965
R & G FINANCIAL CORP COMMON 749136107 746,480 43,400 X 15,000 28,400
RADIAN GROUP INC COMMON 750236101 2,129,050 55,300 X 4,300 51,000
RALSTON PURINA GROUP COMMON 751277302 255,840 7,800 X 7,800
REHABCARE CORP COMMON 759148109 441,627 10,150 X 4,300 5,850
REINSURANCE GROUP AMER COMMON 759351109 862,983 25,300 X 25,300
RELIANCE STEEL & ALUMINUM COMMON 759509102 547,074 23,025 X 6,800 16,225
REPUBLIC BANCORP INC COMMON 760282103 609,964 42,625 X 11,500 31,125
RIGHTCHOICE MANAGED CARE COMMON 76657T102 212,713 4,250 X 4,250
ROHM & HAAS CO COMMON 775371107 449,697 13,727 X 13,727
ROSLIN BANCORP COMMON 778162107 596,226 32,211 X 10,125 22,086
ROYAL DUTCH PETROLEUM CO COMMON 780257804 883,898 17,590 X 900 16,690
SANDY SPRING BANCORP INC COMMON 800363103 644,963 16,250 X 5,100 11,150
SARA LEE CORP COMMON 803111103 8,320,441 390,631 X 212,415 178,216
SBC COMMUNICATIONS INC COMMON 78387G103 21,023,908 446,178 X 134,547 311,631
SCANA CORP COMMON 80589M102 450,876 17,765 X 17,765
SCHERING PLOUGH CORP COMMON 806605101 5,190,438 139,904 X 15,350 124,554
SCHLUMBERGER LIMITED COMMON 806857108 1,515,823 33,169 X 300 32,869
SCIENTIFIC ATLANTA INC COMMON 808655104 7,175,001 410,000 X 136,125 273,875
SEARS ROEBUCK AND CO COMMON 812387108 227,377 6,564 X 6,564
SHERWIN WILLIAMS CO COMMON 824348106 10,581,609 476,220 X 263,925 212,295
SMITHFIELD FOODS COMMON 832248108 3,868,990 183,800 X 14,000 169,800
SOUTHERN CO COMMON 842587107 2,105,828 87,816 X 2,100 85,716
SOUTHWEST AIRLINES CO COMMON 844741108 16,527,486 1,113,712 X 404,148 709,564
SPRINT CORP COMMON 852061100 292,250 12,172 X 1,600 10,572
ST PAUL COMPANIES INC COMMON 792860108 2,003,580 48,607 X 2,820 45,787
STARWOOD HOTELS & RESORTS COMMON 85590A203 685,300 31,150 X 275 30,875
STATE AUTO FINANCIAL CORP COMMON 855707105 314,255 23,575 X 6,600 16,975
STEWART & STEVENSON COMMON 860342104 497,252 20,650 X 6,650 14,000
SUN MICROSYSTEMS INC COMMON 866810104 5,055,980 611,364 X 52,933 558,431
SUNGARD DATA SYSTEMS INC COMMON 867363103 934,800 40,000 X 40,000
SUNOCO INC COMMON 86764P109 10,021,400 281,500 X 131,275 150,225
SUNRISE ASSISTED LIVING COMMON 86768K106 585,695 22,675 X 9,700 12,975
SUNTRUST BANKS INC COMMON 867914103 12,236,285 183,728 X 90,100 93,628
SYSCO CORP COMMON 871829107 218,367 8,550 X 8,550
TAKE TWO INTERACTIVE COMMON 874054109 101,278 14,325 X 5,750 8,575
TARGET CORP COMMON 87612E106 9,588,818 302,010 X 49,060 252,950
TECHNITROL INC COMMON 878555101 2,600,180 116,600 X 14,400 102,200
TEEKAY SHIPPING CORP COMMON Y8564W103 1,582,385 50,750 X 4,000 46,750
TELEFONICA S A ADR COMMON 879382208 449,056 13,227 X 5,292 7,935
TELLABS INC COMMON 879664100 558,467 56,525 X 4,150 52,375
TEXACO INC COMMON 881694103 1,590,420 24,468 X 1,952 22,516
TEXAS INSTRUMENTS INC COMMON 882508104 2,358,062 94,398 X 2,840 91,558
TEXAS REGIONAL BANK SHARES COMMON 882673106 462,150 13,525 X 3,850 9,675
TEXTRON INC COMMON 883203101 8,219,729 244,562 X 107,725 136,837
THE ALLSTATE CORPORATION COMMON 020002101 2,788,663 74,663 X 4,705 69,958
THE CHARLES SCHWAB CORP COMMON 808513105 164,404 14,296 X 14,296
THE TIMBERLAND CO COMMON 887100105 6,482,320 239,200 X 101,200 138,000
THE WILLIAMS COMPANIES COMMON 969457100 361,725 13,250 X 750 12,500
THOMAS INDUSTRIES INC COMMON 884425109 427,768 19,850 X 6,500 13,350
TOLLGRADE COMMUNICATIONS I COMMON 889542106 197,280 10,275 X 4,700 5,575
TOOTSIE ROLL INDUSTRIES IN COMMON 890516107 434,328 11,352 X 11,352
TRANSOCEAN SEDCO FOREX COMMON G90078109 1,697,758 64,309 X 2,435 61,874
TRIAD GUARANTY INC COMMON 895925105 415,031 11,875 X 5,300 6,575
TRIBUNE CO NEW COMMON 896047107 305,522 9,730 X 4,050 5,680
TRW INC COMMON 872649108 720,175 24,151 X 24,151
TYCO INTERNATIONAL LTD NEW COMMON 902124106 20,771,979 456,527 X 151,252 305,275
UBS AG COMMON H8920G551 419,532 9,042 X 9,042
UCBH HOLDINGS INC COMMON 90262T308 387,102 13,266 X 13,266
ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 330,787 6,900 X 775 6,125
UNION PACIFIC CORP COMMON 907818108 2,454,043 52,325 X 2,575 49,750
UNITED HEALTHCARE INC COMMON 91324P102 3,621,457 54,458 X 5,400 49,058
UNITED NATURAL FOODS INC COMMON 911163103 204,980 11,275 X 4,500 6,775
UNITED STATIONERS INC COMMON 913004107 406,979 13,625 X 6,100 7,525
UNITED TECHNOLOGIES CORP COMMON 913017109 2,997,576 64,464 X 50,650 13,814
UNIVERSAL HEALTH SERVICES COMMON 913903100 436,760 8,950 X 3,850 5,100
UNOCAL CORP COMMON 915289102 1,838,395 56,566 X 2,530 54,036
US BANCORP DELAWARE NEW COMMON 902973304 24,112,011 1,087,106 X 276,650 810,456
UTILICORP UNITED INC COMMON 918005109 2,422,865 86,500 X 8,000 78,500
VALERO ENERGY NEW COMMON 91913Y100 1,712,880 48,800 X 45,000 3,800
VERIZON COMMUNICATIONS COMMON 92343V104 10,615,192 196,178 X 15,055 181,123
VIACOM INC CLASS B COMMON COMMON 925524308 1,229,201 35,629 X 1,602 34,027
VINTAGE PETROLEUM INC COMMON 927460105 483,029 30,475 X 9,400 21,075
VIVENDI UNIVERSAL -SP ADR COMMON 92851S204 255,852 5,520 X 5,520
VODAFONE GROUP PLC ADR COMMON 92857W100 239,584 10,910 X 10,910
WACHOVIA CORP COMMON 929903102 710,210 22,910 X 22,910
WACHOVIA ELECTION COMMON 929990372 104 10,380 X 10,380
WAL MART STORES INC COMMON 931142103 1,982,673 40,054 X 1,900 38,154
WALGREEN CO COMMON 931422109 20,743,456 602,482 X 255,450 347,032
WALT DISNEY COMPANY COMMON 254687106 1,200,841 64,492 X 3,900 60,592
WASHINGTON MUTUAL SAVINGS COMMON 939322103 2,542,412 66,071 X 7,525 58,546
WELLPOINT HEALTH NETWORKS COMMON 94973H108 16,244,249 148,825 X 66,525 82,300
WELLS FARGO & CO COMMON 949746101 19,202,044 431,992 X 200,425 231,567
WENDYS INTERNATIONAL INC COMMON 950590109 5,761,864 216,205 X 121,930 94,275
WFS FINANCIAL COMMON 92923B106 286,219 16,125 X 4,800 11,325
WORLDCOM INC-WORLDCOM GROU COMMON 98157D106 3,639,064 241,959 X 14,015 227,944
XL CAPITAL LIMITED COMMON G98255105 3,043,475 38,525 X 1,550 36,975
ZIMMER HOLDINGS INC COMMON 98956P102 394,494 14,216 X 785 13,431
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