13F-HR
09/30/04
850529
arz@8rxd
NONE
1
Andrew Teufel
650-851-3334
13F-HR
Form 13F Holdings Report
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, 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: Fisher Investments, Inc.
Address: 13100 Skyline Blvd.
Woodside, CA 94062
13F File Number: 28-2499__
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: Andrew Teufel
Title: Dir. Research
Phone: 650-851-3334_
Signature, Place, and Date of Signing:
Andrew Teufel__ Woodside, CA____ October 6, 2004
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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:
Form 13F Information Table Entry Total: 484
Form 13F Information Table Value Total: $18,299,706
List of Other Included Managers:
No. 13F File Number Name
<TABLE> <C> <C> <C> <C> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
ADC TELECOMMUNICATIONS INC COM 000886101 30 16480 SH DEFINED 3050 0 13430
ABN AMRO HOLDING NV-SP ADR COM 000937102 9596 421633 SH DEFINED 402918 0 18715
ABM INDUSTRIES INC COM 000957100 19225 954100 SH DEFINED 513100 0 441000
AFLAC INC COM 001055102 220 5600 SH SOLE 5600 0 0
AMB PROPERTY CORP COM 00163T109 763 20600 SH DEFINED 6600 0 14000
AVI BIOPHARMA INC COM 002346104 48 23204 SH SOLE 23204 0 0
ABBOTT LABORATORIES COM 002824100 941 22222 SH DEFINED 21260 0 962
ABBEY NATIONAL PLC-SPONS ADR COM 002920106 1917 94600 SH DEFINED 92875 0 1725
ACUITY BRANDS INC COM 00508Y102 442 18600 SH DEFINED 5200 0 13400
ACXIOM CORP COM 005125109 19500 821400 SH DEFINED 449100 0 372300
ADELPHIA BUSINESS SOLUTIONS COM 006847107 0 10000 SH SOLE 10000 0 0
ADVO INC COM 007585102 2528 81700 SH SOLE 81700 0 0
ADVANCED MICRO DEVICES INC COM 007903107 18317 1409000 SH DEFINED 709800 0 699200
ELECTROLUX AB -SPONS ADR B COM 010198208 367 10000 SH SOLE 10000 0 0
ALASKA AIR GROUP INC COM 011659109 6403 258400 SH DEFINED 124700 0 133700
ALBERTO-CULVER CO COM 013068101 1685 38750 SH DEFINED 34200 0 4550
ALBERTSONS INC COM 013104104 87572 3659526 SH DEFINED 3442489 0 217037
ALCOA INC COM 013817101 299 8893 SH DEFINED 7293 0 1600
ALLSTATE CORP COM 020002101 225035 4689212 SH DEFINED 4434065 0 255147
ALLTEL CORP COM 020039103 139699 2544145 SH DEFINED 2406402 0 137743
ALTRIA GROUP INC COM 02209S103 654 13910 SH DEFINED 13810 0 100
AMERICAN EXPRESS CO COM 025816109 209907 4079031 SH DEFINED 3874053 0 204978
AMERICAN INTERNATIONAL GROUP COM 026874107 291252 4283753 SH DEFINED 4038072 0 245681
AMERICAN STANDARD COS INC COM 029712106 203 5218 SH SOLE 5218 0 0
AMGEN INC COM 031162100 27028 475764 SH SOLE 475764 0 0
ANADARKO PETROLEUM CORP COM 032511107 279576 4213017 SH DEFINED 3979357 0 233660
ANIXTER INTERNATIONAL INC COM 035290105 18738 534000 SH DEFINED 289700 0 244300
APPLE COMPUTER INC COM 037833100 1887 48700 SH DEFINED 10200 0 38500
APPLIED MATERIALS INC COM 038222105 385 23351 SH DEFINED 18551 0 4800
APPLIED MICRO CIRCUITS CORP COM 03822W109 209 66714 SH SOLE 66714 0 0
APPLIED STATISTICS INC COM 03823ARRT 0 18000 SH SOLE 18000 0 0
ARDEN REALTY INC. COM 039793104 394 12100 SH DEFINED 0 0 12100
ARMOR HOLDINGS INC COM 042260109 18841 452800 SH DEFINED 249900 0 202900
ASTRAZENECA PLC-SPONS ADR COM 046353108 177754 4321749 SH DEFINED 4069672 0 252077
ATLAS CONS MNG & DEV CORP B F COM 049249303 0 150500 SH SOLE 150500 0 0
ATOPIX PHARMACEUTICALS COM 04961X10T 0 50000 SH SOLE 50000 0 0
AUTODESK INC COM 052769106 18536 381170 SH DEFINED 208850 0 172320
AVENTIS-SPON ADR COM 053561106 410 4862 SH DEFINED 1175 0 3687
AVIGEN INC COM 053690103 407 109488 SH SOLE 109488 0 0
AVISTA CORP COM 05379B107 11501 635400 SH DEFINED 352100 0 283300
AVNET INC COM 053807103 652 38100 SH DEFINED 10800 0 27300
AXA -SPONS ADR COM 054536107 171529 8458024 SH DEFINED 7956190 0 501834
BB&T CORP COM 054937107 442 11144 SH SOLE 11144 0 0
BASF AG -SPON ADR COM 055262505 225053 3817688 SH DEFINED 3591930 0 225758
BJ SERVICES CO COM 055482103 21039 401433 SH DEFINED 400933 0 500
BJ'S WHOLESALE CLUB INC COM 05548J106 18290 669000 SH DEFINED 331700 0 337300
BP PLC-SPONS ADR COM 055622104 12263 213154 SH DEFINED 202233 0 10921
BT GROUP PLC-SPON ADR COM 05577E101 180368 5473977 SH DEFINED 5149438 0 324539
BMC SOFTWARE INC COM 055921100 11863 750350 SH DEFINED 749625 0 725
BAKER HUGHES INC COM 057224107 268157 6133506 SH DEFINED 5809005 0 324501
BANCO BILBAO VIZCAYA-SP ADR COM 05946K101 6385 462712 SH DEFINED 442287 0 20425
BANCO SANTANDER CEN-SPON ADR COM 05964H105 247085 25264344 SH DEFINED 23744059 0 1520285
BANK OF AMERICA CORP COM 060505104 25579 590332 SH DEFINED 589692 0 640
BANK OF MARIN/CA COM 063431100 698 21804 SH SOLE 21804 0 0
BANK NEW YORK COMPANY COM 064057102 317 10859 SH SOLE 10859 0 0
BANKATLANTIC BANCORP INC-A COM 065908501 19716 1076200 SH DEFINED 586100 0 490100
BANKNORTH GROUP INC COM 06646R107 13149 375682 SH DEFINED 356432 0 19250
BARCLAYS PLC-SPONS ADR COM 06738E204 228355 5902159 SH DEFINED 5559409 0 342750
BAXTER INTERNATIONAL INC COM 071813109 284 8833 SH DEFINED 8083 0 750
BAYERISCHE HYPO-UND VER-ADR COM 072735103 6962 364475 SH DEFINED 347750 0 16725
BELLSOUTH CORP COM 079860102 240804 8879214 SH DEFINED 8426756 0 452458
BERKSHIRE HATHAWAY INC DEL A COM 084670108 15597 180 SH SOLE 180 0 0
BERKSHIRE HATHAWAY INC CLASS B COM 084670207 6813 2373 SH DEFINED 2367 0 6
BHP BILLITON LTD- SPON ADR COM 088606108 12877 620579 SH DEFINED 591729 0 28850
BIO RAD LABS INC COM 090572207 10803 211400 SH DEFINED 124000 0 87400
BIOGEN IDEC INC COM 09062X103 251 4104 SH DEFINED 4034 0 70
BLACK & DECKER MFG CO COM 091797100 1107 14300 SH DEFINED 4200 0 10100
BLACK BOX CORP COM 091826107 12789 346109 SH DEFINED 184000 0 162109
BOEING COMPANY COM 097023105 221 4275 SH DEFINED 4200 0 75
BORG WARNER INC COM 099724106 19673 454450 SH DEFINED 248900 0 205550
BOWNE & CO INC COM 103043105 408 31400 SH SOLE 31400 0 0
BRINKER INTERNATIONAL INC COM 109641100 294 9450 SH DEFINED 3050 0 6400
BRISTOL-MYERS SQUIBB CO COM 110122108 1245 52608 SH DEFINED 50608 0 2000
BRUNSWICK CORP COM 117043109 14899 325600 SH DEFINED 167900 0 157700
BURLINGTON NORTHERN SANTA FE COM 12189T104 22104 576975 SH DEFINED 576025 0 950
BURLINGTON RESOURCES INC COM 122014103 19160 469603 SH DEFINED 469053 0 550
C F E ENTERPRISES INC COM 12526M101 0 12900 SH DEFINED 0 0 12900
CTC COMMUNICATIONS GROUP INC COM 126419100 0 12750 SH SOLE 12750 0 0
CADBURY SCHWEPPES-SPONS ADR COM 127209302 11261 364313 SH DEFINED 347588 0 16725
CALIFORNIA PIZZA KITCHEN INC COM 13054D109 14497 663500 SH DEFINED 353300 0 310200
CALIFORNIA WTR SVC GRP CA COM 130788102 10879 370400 SH DEFINED 199400 0 171000
CALLAWAY GOLF CO COM 131193104 15125 1430900 SH DEFINED 773500 0 657400
CALPINE CORP COM 131347106 30 10500 SH SOLE 10500 0 0
CANON INC-SPONS ADR COM 138006309 7155 151725 SH DEFINED 144975 0 6750
CARDINAL HEALTH INC COM 14149Y108 264 6040 SH SOLE 6040 0 0
CASPEN OIL INC COM 147621106 0 75654 SH SOLE 75654 0 0
CATERPILLAR INC COM 149123101 402042 4997416 SH DEFINED 4736120 0 261296
CELSION CORP COM 15117N107 25 50000 SH SOLE 50000 0 0
CHESAPEAKE CORP COM 165159104 15190 632400 SH DEFINED 337300 0 295100
CHEVRON TEXACO CORP COM 166764100 238681 4449687 SH DEFINED 4223923 0 225764
CHITTENDEN CORP COM 170228100 16223 595352 SH DEFINED 313227 0 282125
CHOLESTECH CORP COM 170393102 168 24869 SH SOLE 24869 0 0
CIMAREX ENERGY CO COM 171798101 19756 565417 SH DEFINED 309589 0 255828
CISCO SYSTEMS INC COM 17275R102 21540 1190045 SH DEFINED 1180370 0 9675
CINTAS CORP COM 172908105 10311 245275 SH DEFINED 244925 0 350
CITIGROUP INC COM 172967101 20538 465502 SH DEFINED 461972 0 3530
CITIZENS BANKING CORP COM 174420109 13586 417122 SH DEFINED 233922 0 183200
CITIZENS COMMUNICATIONS CO COM 17453B101 183 13695 SH SOLE 13695 0 0
CITY NATL CORP COM 178566105 1765 27173 SH DEFINED 19573 0 7600
CLARK MELVIN SECURITIES CP COM 181482100 0 12000 SH SOLE 12000 0 0
CLINI THERM CORP COM 187258108 0 13300 SH SOLE 13300 0 0
CLOROX CO COM 189054109 18288 343122 SH DEFINED 342922 0 200
COCA-COLA COMPANY COM 191216100 11513 287468 SH DEFINED 285072 0 2396
COLGATE-PALMOLIVE CO COM 194162103 627 13887 SH DEFINED 13173 0 714
COMERICA INC COM 200340107 122400 2062342 SH DEFINED 1978727 0 83615
COMMERCIAL METALS CO COM 201723103 20233 509400 SH DEFINED 271000 0 238400
COMPARATOR SYSTEMS CORP COM 204494207 0 20000 SH SOLE 20000 0 0
COMPUTER ASSOCIATES INTL INC COM 204912109 200 7622 SH SOLE 7622 0 0
CONSOLIDATED CAP INST PROP LP COM 20499198T 0 23000 SH SOLE 23000 0 0
CONSOLIDATED CAP INSTIT PROP 2 COM 205991920 0 12000 SH SOLE 12000 0 0
CONCURRENT COMPUTER CORP COM 206710204 29 17200 SH SOLE 17200 0 0
CONNETICS CORP COM 208192104 625 23134 SH SOLE 23134 0 0
CONOCOPHILLIPS COM 20825C104 304242 3672203 SH DEFINED 3481947 0 190256
CONSOLIDATED POWER BATTERY CP COM 209952100 7 14200 SH SOLE 14200 0 0
CONSTELLATION ENERGY CORP COM 210371100 701 17600 SH DEFINED 5400 0 12200
CORNING INC. COM 219350105 204 18447 SH SOLE 18447 0 0
COSTCO WHOLESALE CORP COM 22160K105 249059 5999967 SH DEFINED 5669259 0 330708
CREDIT SUISSE GROUP-SPON ADR COM 225401108 211106 6609457 SH DEFINED 6189078 0 420379
TENDER CYBERCASH INC COM 232462994 0 41659 SH DEFINED 41359 0 300
CYTEC INDUSTRIES INC COM 232820100 18634 380684 SH DEFINED 199184 0 181500
DMI BIOSCIENCES INC COM 2332319AT 0 15000 SH DEFINED 0 0 15000
DRS TECHNOLOGIES INC COM 23330X100 22299 595600 SH DEFINED 321600 0 274000
DTE ENERGY CO COM 233331107 453 10727 SH DEFINED 2227 0 8500
DVI INC COM 233343102 0 17400 SH SOLE 17400 0 0
DANAHER CORP COM 235851102 113320 2209826 SH DEFINED 2074389 0 135437
DASSAULT SYSTEMES SA-ADR COM 237545108 5976 128275 SH DEFINED 122675 0 5600
DAY SURGERY CNTR OF DALLAS LP COM 239549GGT 0 15000 SH DEFINED 0 0 15000
DELL INC COM 24702R101 281540 7908428 SH DEFINED 7501286 0 407142
DELTA AIR LINES, INC COM 247361108 83 25331 SH DEFINED 9231 0 16100
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 3165 169600 SH DEFINED 161750 0 7850
DIGITAL RIVER INC COM 25388B104 522 17526 SH SOLE 17526 0 0
DIMENSIONS WEST ENERGY INC COM 253920102 0 600000 SH SOLE 600000 0 0
DIME COMMUNITY BANCSHARES COM 253922108 13170 783950 SH DEFINED 428550 0 355400
DISNEY WALT CO (HOLDING CO) COM 254687106 278184 12336310 SH DEFINED 11675869 0 660441
DOW CHEMICAL CO COM 260543103 600 13288 SH DEFINED 11788 0 1500
DOWNEY FINANCIAL CORP COM 261018105 16533 300825 SH DEFINED 157625 0 143200
DU PONT (E.I.) DE NEMOURS COM 263534109 500 11677 SH DEFINED 10706 0 971
DUKE ENERGY CORP COM 264399106 130984 5722327 SH DEFINED 5406297 0 316030
DYNABAZAAR INC COM 26779R104 14 47000 SH SOLE 47000 0 0
EMC CORPORATION MASS COM 268648102 216284 18742122 SH DEFINED 17763386 0 978736
ENSCO INTERNATIONAL INC COM 26874Q100 14899 456050 SH DEFINED 455800 0 250
ENI SPA-SPONSORED ADR COM 26874R108 8608 76655 SH DEFINED 73505 0 3150
E.ON AG -SPONSORED ADR COM 268780103 168082 2280629 SH DEFINED 2147104 0 133525
ELAN CORP PLC -SPONS ADR COM 284131208 337 14384 SH SOLE 14384 0 0
ELECTRONIC DATA SYS CORP (NEW) COM 285661104 126816 6540258 SH DEFINED 6199429 0 340828
ELOQUENT INC COM 290140102 0 31867 SH SOLE 31867 0 0
EMERSON ELECTRIC COMPANY COM 291011104 249 4027 SH DEFINED 3777 0 250
ENDEVCO INC COM 29259F103 1 12000 SH SOLE 12000 0 0
ENERGY CONVERSION DEVICES COM 292659109 176 13300 SH SOLE 13300 0 0
ENEL SPA -SPON ADR COM 29265W108 193419 4775786 SH DEFINED 4485844 0 289942
RESTRICTED ENERGYTEC.COM COM 29273799T 0 112427 SH SOLE 112427 0 0
EXXON MOBIL CORP COM 30231G102 28597 591695 SH DEFINED 577685 0 14010
FACTORY POINT BANCORP INC COM 303061105 200 8101 SH SOLE 8101 0 0
FAMILY DLR STORES INC COM 307000109 533 19685 SH DEFINED 5585 0 14100
FANNIE MAE COM 313586109 460 7253 SH DEFINED 7153 0 100
FEDERATED DEPARTMENT STORES COM 31410H101 12650 278450 SH DEFINED 278200 0 250
FEDEX CORP COM 31428X106 305955 3570481 SH DEFINED 3382531 0 187950
FEMALE HEALTH CO COM 314462102 24 16300 SH SOLE 16300 0 0
FIELDPOINT PETROLEUM CORP COM 316570100 42 61327 SH SOLE 61327 0 0
FINANTRA CAPITAL CORP COM 317709103 0 10000 SH SOLE 10000 0 0
FIRST AMER SCIENTIFIC CORP COM 31846W102 12 270000 SH SOLE 270000 0 0
FIRST AMERICAN CORP COM 318522307 8959 290600 SH DEFINED 91900 0 198700
FIRST DATA CORP COM 319963104 256590 5898609 SH DEFINED 5585479 0 313130
FIRST REPUBLIC BANK COM 336158100 19589 425850 SH DEFINED 229600 0 196250
FLUOR CORP (NEW) COM 343412102 1053 23645 SH DEFINED 4500 0 19145
FORD MOTOR CO COM 345370860 192 13648 SH DEFINED 12148 0 1500
FORTUNE BRANDS INC COM 349631101 1273 17177 SH DEFINED 5277 0 11900
FRANKLIN RESOURCES INC COM 354613101 556 9980 SH SOLE 9980 0 0
FREMONT GENERAL CORP COM 357288109 17365 750100 SH DEFINED 390400 0 359700
FUJI HEAVY INDUS-UNSPONS ADR COM 359556206 4498 89000 SH DEFINED 85925 0 3075
H B FULLER CO COM 359694106 10245 373900 SH DEFINED 194800 0 179100
GB&T BANCSHARES INC COM 361462104 292 13235 SH SOLE 13235 0 0
GH MEDICAL INC COM 36199039T 0 25000 SH SOLE 25000 0 0
GAMESTOP CORP-CL A COM 36466R101 17696 956000 SH DEFINED 511400 0 444600
GANNETT CO COM 364730101 181968 2172489 SH DEFINED 2053181 0 119308
THE GAP INC COM 364760108 177851 9536240 SH DEFINED 8981038 0 555202
GENENTECH INC COM 368710406 21292 406190 SH DEFINED 406090 0 100
GENERAL DYNAMICS CORP COM 369550108 481 4713 SH SOLE 4713 0 0
GENERAL ELECTRIC CO COM 369604103 164208 4890060 SH DEFINED 4618308 0 271751
GENERAL MILLS INCORPORATED COM 370334104 65556 1460041 SH DEFINED 1366880 0 93161
GENERAL MOTORS CORPORATION COM 370442105 471 11081 SH DEFINED 10781 0 300
GENICOM CORP COM 372282103 0 55989 SH SOLE 55989 0 0
GEO PETROLEUM INC COM 37246F102 0 12900 SH SOLE 12900 0 0
GEORGIA-PACIFIC CORPORATION COM 373298108 971 27008 SH DEFINED 13408 0 13600
GILLETTE COMPANY COM 375766102 220 5277 SH DEFINED 3047 0 2230
GLAXOSMITHKLINE PLC-ADR COM 37733W105 189631 4336406 SH DEFINED 4079535 0 256871
GLOBAL PLATINUM & GOLD INC COM 37936B205 3 23100 SH SOLE 23100 0 0
GLOBAL TELESYSTEMS INC COM 37936U104 3 10000 SH SOLE 10000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 252031 2703037 SH DEFINED 2562747 0 140290
GRANITE CONSTRUCTION INC COM 387328107 15962 667867 SH DEFINED 378117 0 289750
GREAT ENTERTAINMENT & SPORTS COM 390365104 1 25000 SH SOLE 25000 0 0
GREATER BAY BANCORP COM 391648102 18757 652424 SH DEFINED 358522 0 293902
GROUPE DANONE-SPONS ADR COM 399449107 7775 495200 SH DEFINED 473700 0 21500
GUIDANT CORP COM 401698105 424 6417 SH DEFINED 6253 0 164
HSBC HOLDINGS PLC-SPONS ADR COM 404280406 190825 2391296 SH DEFINED 2246740 0 144556
HALLIBURTON CO COM 406216101 240 7129 SH SOLE 7129 0 0
HARD TO TREAT DISEASES INC COM 41164A103 1 100000 SH SOLE 100000 0 0
HARMAN INTERNATIONAL INDS.,INC COM 413086109 647 6000 SH DEFINED 2100 0 3900
HARRIS CORP DEL COM 413875105 1060 19300 SH DEFINED 7400 0 11900
HEALTHTRAC INC COM 42226R100 1 40000 SH SOLE 40000 0 0
HELMERICH & PAYNE COM 423452101 16451 573400 SH DEFINED 319300 0 254100
HERSHEY FOODS CORP COM 427866108 401 8580 SH SOLE 8580 0 0
HEWLETT-PACKARD CO COM 428236103 944 50356 SH DEFINED 34918 0 15438
HITACHI LTD -SPONS ADR COM 433578507 265362 4397051 SH DEFINED 4145641 0 251410
HOME DEPOT INC COM 437076102 619 15796 SH DEFINED 15506 0 290
HONEYWELL INTERNATIONAL INC COM 438516106 394 10985 SH DEFINED 10895 0 90
HORACE MANN EDUCATOR COM 440327104 11914 677700 SH DEFINED 376900 0 300800
HORMEL FOODS CORP COM 440452100 391 14600 SH DEFINED 0 0 14600
HUMANA INC COM 444859102 821 41100 SH DEFINED 6200 0 34900
UNTS HUTTON TEL TR COM 447900101 38 16100 SH SOLE 16100 0 0
IBI CORPORATION COM 448927103 22 462100 SH SOLE 462100 0 0
I-FLOW CORP NEW COM 449520303 724 50000 SH SOLE 50000 0 0
IBASIS INC COM 450732102 63 26865 SH SOLE 26865 0 0
IDACORP INC COM 451107106 9360 322100 SH DEFINED 185600 0 136500
IKON OFFICE SOLUTIONS INC COM 451713101 225 18748 SH DEFINED 18568 0 180
ILLINOIS TOOL WORKS COM 452308109 137936 1480475 SH DEFINED 1405278 0 75197
INFINEON TECHNOLOGIES-ADR COM 45662N103 4073 398505 SH DEFINED 381405 0 17100
INFOCUS CORP COM 45665B106 14388 1570700 SH DEFINED 903100 0 667600
INFONOW CORP NEW COM 456664309 58 42941 SH SOLE 42941 0 0
ING GROEP NV -SPONSORED ADR COM 456837103 185893 7353353 SH DEFINED 6919052 0 434301
INLAND REAL ESTATE CORP COM 457461101 147 10000 SH SOLE 10000 0 0
INTEL CORP COM 458140100 234486 11689248 SH DEFINED 11080551 0 608696
INTERNATIONAL BRANDS INC COM 459157103 0 233170 SH DEFINED 0 0 233170
IBM CORP COM 459200101 20080 234193 SH DEFINED 233688 0 505
INTERNATIONAL PAPER CO COM 460146103 228746 5660630 SH DEFINED 5384165 0 276465
INVACARE CORP COM 461203101 11863 257900 SH DEFINED 147300 0 110600
INVITROGEN CORP COM 46185R100 330 6000 SH SOLE 6000 0 0
ISHARES MSCI EMU COM 464286608 536 8600 SH SOLE 8600 0 0
ISHARES MSCI JAPAN INDEX FUND COM 464286848 625959 64531869 SH DEFINED 60573475 0 3958394
ISHARES S&P 500 INDEX FUND COM 464287200 573 5125 SH SOLE 5125 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 1441 10189 SH DEFINED 8589 0 1600
ISHARES NASDAQ BIOTECH INDEX COM 464287556 241773 3457356 SH DEFINED 3305956 0 151400
ISHARES RUSSELL 1000 COM 464287622 1145 19200 SH DEFINED 17100 0 2100
ISHARES DJ US FINANCIAL SECTOR COM 464287788 341 3775 SH DEFINED 3700 0 75
ITO-YOKADO CO LTD-ADR COM 465714400 8355 243600 SH DEFINED 235675 0 7925
JDS UNIPHASE COM 46612J101 167 49519 SH DEFINED 49304 0 215
JLG INDS INC COM 466210101 20404 1214500 SH DEFINED 653300 0 561200
JPMORGAN CHASE & CO COM 46625H100 1787 44982 SH DEFINED 43167 0 1815
JACK IN THE BOX INC COM 466367109 20596 649100 SH DEFINED 352000 0 297100
JAPAN AIRLINES CORP-ADR COM 471040105 4476 326750 SH DEFINED 315500 0 11250
JOHNSON & JOHNSON COM 478160104 201219 3572145 SH DEFINED 3389677 0 182467
JOHNSON CONTROLS COM 478366107 15425 271517 SH DEFINED 262142 0 9375
KLA-TENCOR CORPORATION COM 482480100 272228 6562878 SH DEFINED 6216442 0 346436
KB HOME COM 48666K109 8449 99995 SH DEFINED 32195 0 67800
KELLY SERVICES INC CLASS A COM 488152208 16587 621000 SH DEFINED 341600 0 279400
KEY ENERGY SERVICES INC COM 492914106 1450 131200 SH SOLE 131200 0 0
KEYCORP COM 493267108 31578 999292 SH DEFINED 928467 0 70825
KEYSPAN CORP COM 49337W100 499 12725 SH DEFINED 1325 0 11400
KIMBERLY-CLARK CORP COM 494368103 159776 2473703 SH DEFINED 2337029 0 136673
KINDER MORGAN ENERGY PARTNERS L.P. 494550106 374 7984 SH SOLE 7984 0 0
KOMAG INC/OLD COM 500453105 0 30000 SH SOLE 30000 0 0
KOMATSU LTD -SPONS ADR COM 500458401 11607 451725 SH DEFINED 432250 0 19475
KONINKLIJKE PHILIPS ADR COM 500472303 381 16630 SH SOLE 16630 0 0
KROGER COMPANY COM 501044101 64025 4125328 SH DEFINED 3921051 0 204277
KULICKE & SOFFA INDS COM 501242101 8677 1535700 SH DEFINED 836200 0 699500
KYOCERA CORP -SPONS ADR COM 501556203 5465 77630 SH DEFINED 74155 0 3475
KRUPP INSURED MORTGAGE LP COM 50199391T 0 15000 SH SOLE 15000 0 0
LAFARGE S.A.-SPONSORED ADR COM 505861401 218212 9995979 SH DEFINED 9399969 0 596010
LANCASTER COLONY CORP COM 513847103 11570 274400 SH DEFINED 132900 0 141500
LAWSTAR INC COM 520783RRT 0 56500 SH DEFINED 0 0 56500
LEHMAN BROTHERS HOLDINGS INC COM 524908100 334912 4201104 SH DEFINED 3977393 0 223711
LEVITT CORP-CL A COM 52742P108 5260 224200 SH DEFINED 123325 0 100875
LIGHTWAVE CABLEVISION SYS INC COM 532266103 0 10000 SH SOLE 10000 0 0
LILLY ELI & COMPANY COM 532457108 16707 278224 SH DEFINED 274235 0 3989
LIMITED BRANDS INC COM 532716107 23011 1032350 SH DEFINED 1007925 0 24425
LLOYDS TSB GROUP PLC -SP ADR COM 539439109 274 8700 SH SOLE 8700 0 0
LOCATEPLUS HOLDINGS-CL A COM 539570101 30 100000 SH SOLE 100000 0 0
LOCATEPLUS HOLDINGS-CL B COM 539570200 20 75000 SH SOLE 75000 0 0
LOCKHEED MARTIN CORPORATION COM 539830109 142498 2554649 SH DEFINED 2414060 0 140589
LOWES COS INC COM 548661107 204604 3764556 SH DEFINED 3554772 0 209784
MSC INDUSTRIAL DIRECT CO INC COM 553530106 18645 547100 SH DEFINED 299900 0 247200
MARSH & MCLENNAN COS INC COM 571748102 197405 4313928 SH DEFINED 4072609 0 241319
MASSTOR SYSTEMS CORP COM 576300107 0 12000 SH SOLE 12000 0 0
MAST OPTICAL SYSTEMS INC COM 576311104 0 100000 SH SOLE 100000 0 0
MATSUSHITA ELEC IND-SPON ADR COM 576879209 162929 12140773 SH DEFINED 11424251 0 716522
MCDONALDS CORP COM 580135101 22878 816185 SH DEFINED 812010 0 4175
MCKESSON CORP. COM 58155Q103 351 13670 SH DEFINED 3900 0 9770
MEADWESTVACO CORP COM 583334107 578 18112 SH DEFINED 5327 0 12785
MEDICIS PHARMACEUTICAL-CL A COM 584690309 761 19498 SH SOLE 19498 0 0
MEDTRONIC INC COM 585055106 10649 205191 SH DEFINED 204981 0 210
MENS WEARHOUSE INC COM 587118100 19719 678800 SH DEFINED 360300 0 318500
MERCANTILE BANKSHARES COM 587405101 468 9750 SH DEFINED 450 0 9300
MERCK & CO INC COM 589331107 83603 2533433 SH DEFINED 2409427 0 124006
MERITAGE HOMES CORPORATION COM 59001A102 4716 60000 SH SOLE 60000 0 0
MERRILL LYNCH & CO INC COM 590188108 16100 323804 SH DEFINED 322950 0 854
METRO HEALTH NETWORKS INC COM 592142103 57 40000 SH SOLE 40000 0 0
MICROSOFT CORP COM 594918104 187852 6793913 SH DEFINED 6411631 0 382282
MICRON TECHNOLOGY INC COM 595112103 137717 11447760 SH DEFINED 10883000 0 564760
MILLEA HOLDINGS INC-ADR COM 60032R106 8974 139625 SH DEFINED 132975 0 6650
MITSUBISHI TOKYO FINAN-ADR COM 606816106 199396 23908362 SH DEFINED 22429561 0 1478801
MITSUI & CO LTD-SPONS ADR COM 606827202 3629 21575 SH DEFINED 21425 0 150
MOTOROLA INC COM 620076109 394 21857 SH DEFINED 21692 0 165
MOUNTAIN-WEST RESOURCES INC COM 62451D105 70 739000 SH SOLE 739000 0 0
MOVIE GALLERY INC COM 624581104 15191 866600 SH DEFINED 468500 0 398100
MUELLER INDUSTRIES INC COM 624756102 16793 391000 SH DEFINED 213100 0 177900
NCO GROUP INC COM 628858102 19819 735400 SH DEFINED 399300 0 336100
NCR CORP NEW COM 62886E108 796 16056 SH DEFINED 6344 0 9712
NCT GROUP INC COM 62888Q109 2 105000 SH SOLE 105000 0 0
NEC CORP -SPONSORED ADR COM 629050204 3432 572925 SH DEFINED 546325 0 26600
NASDAQ-100 SHARES COM 631100104 469 13343 SH DEFINED 13218 0 125
NATIONAL AUSTRALIA BK-SP ADR COM 632525408 5615 57301 SH DEFINED 54901 0 2400
NATIONAL CITY CORP COM 635405103 146591 3795736 SH DEFINED 3640593 0 155143
NATIONAL GRID GROUP-SPON ADR COM 636274102 3594 83920 SH DEFINED 80220 0 3700
NESS ENERGY INTL INC COM 64104P105 2 10000 SH SOLE 10000 0 0
NEUROBIOLOGICAL TECHNOLOGIES COM 64124W106 35 10000 SH SOLE 10000 0 0
NEW JERSEY RES CORP COM 646025106 15343 370600 SH DEFINED 193500 0 177100
NEWCARE HEALTH CORP COM 651053100 0 28500 SH SOLE 28500 0 0
NEWELL RUBBERMAID INC COM 651229106 445 22225 SH DEFINED 6525 0 15700
NEWS CORP LTD ADR NEW COM 652487703 623 18942 SH DEFINED 18607 0 335
NIKE INC CL B COM 654106103 16535 209835 SH DEFINED 209710 0 125
NISSAN MOTOR CO LTD-SPON ADR COM 654744408 293982 13572559 SH DEFINED 12782993 0 789566
NOKIA CORP-SPON ADR COM 654902204 266 19397 SH DEFINED 18267 0 1130
NOMURA HOLDINGS INC-ADR COM 65535H208 143584 11121887 SH DEFINED 10449248 0 672639
NORSK HYDRO AS-SPONS ADR COM 656531605 7688 104967 SH DEFINED 100617 0 4350
NORTEL NETWORKS CORP (NEW) COM 656568102 67 19799 SH DEFINED 18099 0 1700
NORTHERN BORDER PARTNERS-LP COM 664785102 216 4725 SH SOLE 4725 0 0
NORTHROP GRUMMAN CORP COM 666807102 24059 451130 SH DEFINED 441640 0 9490
NOVA COMMUNICATIONS LTD COM 66977X107 3 500000 SH SOLE 500000 0 0
NOVARTIS AG-ADR COM 66987V109 6453 138258 SH DEFINED 131208 0 7050
NOVATEK INTL INC NEW COM 669932501 0 10500 SH SOLE 10500 0 0
NOVELLUS SYSTEMS COM 670008101 216 8100 SH DEFINED 5100 0 3000
NUCOR CORP COM 670346105 1115 12200 SH DEFINED 3500 0 8700
NYFIX INC COM 670712108 205 33750 SH SOLE 33750 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 195255 3491067 SH DEFINED 3292255 0 198812
OCEANEERING INTL INC COM 675232102 15651 424850 SH DEFINED 228350 0 196500
OLD REPUBLIC INTL CORP COM 680223104 755 30175 SH DEFINED 9475 0 20700
ORACLE SYSTEMS CORPORATION COM 68389X105 228174 20228217 SH DEFINED 19076109 0 1152108
ORIX - SPONSORED ADR COM 686330101 10151 199350 SH DEFINED 192400 0 6950
PNC FINANCIAL SERVICES GROUP COM 693475105 25234 466435 SH DEFINED 433535 0 32900
PACCAR INC COM 693718108 541 7821 SH SOLE 7821 0 0
PACIFIC CAPITAL BANCORP COM 69404P101 313 10570 SH SOLE 10570 0 0
PACIFIC SUNWEAR OF CALIF COM 694873100 232 11014 SH SOLE 11014 0 0
PARACELSIAN INC COM 698898103 5 165850 SH SOLE 165850 0 0
PARKER HANNIFIN CORP COM 701094104 690 11722 SH SOLE 11722 0 0
PAULS PLACE INC COM 703740100 0 39000 SH SOLE 39000 0 0
PENTAIR INC COM 709631105 279 8000 SH SOLE 8000 0 0
PEPSICO INC COM 713448108 764 15710 SH DEFINED 13235 0 2475
PERFICIENT INC COM 71375U101 143 40288 SH SOLE 40288 0 0
PERRIGO CO COM 714290103 16286 792500 SH DEFINED 408100 0 384400
PFIZER INC COM 717081103 4839 158152 SH DEFINED 124996 0 33156
PHELPS DODGE CORP COM 717265102 2025 22005 SH DEFINED 3100 0 18905
PHOENIX LEISURE CORP COM 719093106 0 10000 SH SOLE 10000 0 0
PHOTRONICS INC. COM 719405102 16788 1010100 SH DEFINED 562300 0 447800
PLEXUS CORP COM 729132100 11467 1038720 SH DEFINED 595800 0 442920
POLYONE CORP COM 73179P106 93 12388 SH SOLE 12388 0 0
POPULAR INC COM 733174106 247 9400 SH SOLE 9400 0 0
PORTUGAL TELECOM SGPS-SP ADR COM 737273102 4612 419261 SH DEFINED 400567 0 18694
T ROWE PRICE GROUP INC COM 74144T108 24609 483100 SH DEFINED 482800 0 300
PROCTER & GAMBLE COMPANY COM 742718109 175051 3234489 SH DEFINED 3074294 0 160195
PROTECTIVE LIFE CORP COM 743674103 12198 310300 SH DEFINED 83800 0 226500
PUBLICIS GROUPE-ADR COM 74463M106 3771 131525 SH DEFINED 125625 0 5900
PULTE CORP COM 745867101 657 10700 SH DEFINED 4400 0 6300
QUALCOMM INC COM 747525103 907 23226 SH DEFINED 18226 0 5000
QUESTSTAR MED INC COM 74839C10T 0 15400 SH SOLE 15400 0 0
RSA SECURITY INC. COM 749719100 1440 74625 SH SOLE 74625 0 0
RALCORP HOLDINGS INC (NEW) COM 751028101 15101 418300 SH DEFINED 210300 0 208000
RAYMOND JAMES FIN'L CORP COM 754730109 17514 726100 SH DEFINED 394500 0 331600
REGIS CORP COM 758932107 17602 437650 SH DEFINED 239800 0 197850
REGIONS FINANCIAL CORP COM 7591EP100 760 22982 SH DEFINED 9582 0 13400
RENAISSANCE CAP PARTNERS 2 LTD COM 759922206 0 19000 SH SOLE 19000 0 0
RENFIELD ENTERPRISES INC COM 759927106 0 55000 SH SOLE 55000 0 0
REPSOL YPF SA -SPONSORED ADR COM 76026T205 6695 305441 SH DEFINED 292791 0 12650
RIO TINTO PLC-SPON ADR UK COM 767204100 5870 54024 SH DEFINED 51649 0 2375
ROCKWELL AUTOMATION INC COM 773903109 1048 27085 SH DEFINED 5685 0 21400
ROHM AND HAAS CO COM 775371107 12116 281975 SH DEFINED 281325 0 650
ROSS STORES INC COM 778296103 300 12800 SH DEFINED 4500 0 8300
ROWAN COMPANIES INC COM 779382100 15600 590900 SH DEFINED 334400 0 256500
ROYAL DUTCH PETRO-NY SHARES COM 780257804 280582 5437642 SH DEFINED 5120856 0 316786
RUSSELL CORP COM 782352108 665 39500 SH SOLE 39500 0 0
SBC COMMUNICATIONS INC COM 78387G103 471 18149 SH DEFINED 12896 0 5253
SER S&P 500 INDEX PORT-E FUND 783924103 620 17941 SH SOLE 17941 0 0
SFBC INTERNATIONAL INC COM 784121105 286 10883 SH SOLE 10883 0 0
SPDR TRUST SERIES 1 COM 78462F103 1558 13940 SH DEFINED 13215 0 725
SAFECO CORP COM 786429100 12258 268525 SH DEFINED 268350 0 175
SAMSUNG ELECTRONICS GDR COM 796050AAT 3965 20000 SH SOLE 20000 0 0
SANPAOLO IMI SPA-SPON ADR COM 799175104 150653 6666042 SH DEFINED 6278460 0 387582
SANOFI-AVENTIS SPONSORED ADR COM 80105N105 112068 3061127 SH DEFINED 2864069 0 197058
SANOFI-AVENTIS-ADR COM 80105N204 101303 2778470 SH DEFINED 2636868 0 141602
SAP AG-SPONSORED ADR COM 803054204 4365 112055 SH DEFINED 107080 0 4975
SARA LEE CORP COM 803111103 131485 5751757 SH DEFINED 5512566 0 239191
SCANA CORP (NEW) COM 80589M102 794 21252 SH DEFINED 7683 0 13569
HENRY SCHEIN INC COM 806407102 11490 184400 SH DEFINED 99900 0 84500
SCHLUMBERGER LIMITED COM 806857108 268 3989 SH SOLE 3989 0 0
SCHWAB CHARLES CORP COM 808513105 189 20605 SH DEFINED 18021 0 2584
SCIENTIFIC ATLANTA INC COM 808655104 11123 429128 SH DEFINED 428878 0 250
SCOTTS CO COM 810186106 15467 241100 SH DEFINED 125800 0 115300
SELECTIVE INSURANCE GROUP COM 816300107 6128 164721 SH DEFINED 164700 0 21
SHELL TRANSPORT & TRADING PLC COM 822703609 1257 28246 SH SOLE 28246 0 0
SIEBEL SYSTEMS INC COM 826170102 107576 14267388 SH DEFINED 13541908 0 725480
SIEMENS AG-SPONS ADR COM 826197501 186855 2535342 SH DEFINED 2392512 0 142830
SIGMA ALDRICH CORPORATION COM 826552101 414 7140 SH SOLE 7140 0 0
SIGNET GROUP PLC-SPONS ADR COM 82668L872 4594 73875 SH DEFINED 70575 0 3300
SIX FLAGS INC COM 83001P109 54 10000 SH SOLE 10000 0 0
SOLECTRON CORP COM 834182107 11155 2253565 SH DEFINED 2186275 0 67290
SOLIGEN TECHNOLOGIES INC COM 83423G109 0 10000 SH SOLE 10000 0 0
SONY CORP-SPONSORED ADR COM 835699307 144298 4195925 SH DEFINED 3950249 0 245676
SOUTHERN COMPANY COM 842587107 18275 609575 SH DEFINED 608825 0 750
SPRINT CORP COM 852061100 244 12121 SH DEFINED 11846 0 275
STAPLES, INC. COM 855030102 17480 586175 SH DEFINED 585675 0 500
STERIS CORP COM 859152100 14204 647400 SH DEFINED 361900 0 285500
STEWART INFORMATION SVCS CORP COM 860372101 4846 123000 SH SOLE 123000 0 0
STRIDE RITE CORP COM 863314100 12616 1230800 SH DEFINED 658000 0 572800
STRYKER CORP COM 863667101 321 6670 SH DEFINED 6470 0 200
SUMITOMO MITSUI-UNSPONS ADR COM 86562M100 8672 1517125 SH DEFINED 1476375 0 40750
SUN MICROSYSTEMS INC COM 866810104 10304 2550550 SH DEFINED 2547125 0 3425
SUNTRUST BANKS INC COM 867914103 128020 1818214 SH DEFINED 1715370 0 102844
SUPERCONDUCTOR TECHNOLOGIES COM 867931107 57 52752 SH SOLE 52752 0 0
SYNOVUS FINANCIAL CORP COM 87161C105 268 10264 SH SOLE 10264 0 0
TEPPCO PARTNERS L P UNIT LTD PARTNERSHIP INT 872384102 277 6663 SH DEFINED 6500 0 163
TAIWAN SEMICONDUCTOR-SP ADR COM 874039100 17003 2381341 SH DEFINED 2381011 0 330
TECH DATA CORPORATION COM 878237106 18169 471300 SH DEFINED 257000 0 214300
TECHNOLOGY FD SEC INV LP FUND 878990951 0 34000 SH SOLE 34000 0 0
TELECOM ITALIA SPA NEW COM 87927Y102 3393 110298 SH DEFINED 105999 0 4299
TELEDYNE TECHNOLOGIES INC COM 879360105 23267 929193 SH DEFINED 503993 0 425200
TELEFONICA SA -SPON ADR COM 879382208 4256 94593 SH DEFINED 90024 0 4569
TESORO PETE CORP COM 881609101 26834 908700 SH DEFINED 480800 0 427900
TEXAS INDS INC COM 882491103 20643 401300 SH DEFINED 217600 0 183700
THERMO ELECTRON CORP COM 883556102 221 8191 SH DEFINED 0 0 8191
THORN APPLE VALLEY INC COM 885184101 0 10000 SH SOLE 10000 0 0
3M CO COM 88579Y101 17493 218741 SH DEFINED 217416 0 1325
TIME WARNER INC COM 887317105 184 11392 SH DEFINED 10680 0 712
TOO INC COM 890333107 16197 896328 SH DEFINED 483528 0 412800
TORO COMPANY COM 891092108 14500 212300 SH DEFINED 113800 0 98500
TOTAL SA-SPON ADR COM 89151E109 275239 2693931 SH DEFINED 2532798 0 161133
TPG NV-ADR COM 892339102 5150 210220 SH DEFINED 200970 0 9250
TREND VISION TECHNOLOGIES COM 894911106 0 40000 SH SOLE 40000 0 0
TRI-VALLEY CORP COM 895735108 144 31000 SH SOLE 31000 0 0
TRIQUINT SEMICONDUCTOR COM 89674K103 94 24000 SH SOLE 24000 0 0
UCBH HOLDINGS INC COM 90262T308 16118 412550 SH DEFINED 217650 0 194900
UICI COM 902737105 327 10000 SH DEFINED 0 0 10000
US BANCORP COM 902973304 241539 8357734 SH DEFINED 7896817 0 460917
UNIGENE LABORATORIES INC COM 904753100 86 88000 SH DEFINED 8300 0 79700
UNIONBANCAL CORP COM 908906100 17386 293625 SH DEFINED 283975 0 9650
UNITED PARCEL SERVICE-CL B COM 911312106 662 8714 SH DEFINED 3655 0 5059
UNITED STATES STEEL CORP COM 912909108 218 5800 SH SOLE 5800 0 0
UNITED TECHNOLOGIES CORP COM 913017109 230389 2467216 SH DEFINED 2327751 0 139464
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 252 5800 SH SOLE 5800 0 0
UNOCAL CORP COM 915289102 714 16600 SH DEFINED 6300 0 10300
UNUMPROVIDENT CORP COM 91529Y106 427 27235 SH DEFINED 14035 0 13200
URECOATS INDUSTRIES INC COM 91724E400 8 15300 SH SOLE 15300 0 0
USF CORP COM 91729Q101 16330 455000 SH DEFINED 247700 0 207300
VF CORP COM 918204108 737 14900 SH DEFINED 4800 0 10100
VALERO ENERGY CORP (NEW) COM 91913Y100 983 12260 SH DEFINED 3860 0 8400
VARCO INTL INC DEL COM 922122106 19575 729882 SH DEFINED 415342 0 314540
VELOCITYHSI INC COM 92257K102 0 19760 SH SOLE 19760 0 0
VENTURI PARTNERS INC COM 92330P102 115 13404 SH SOLE 13404 0 0
VERITAS SOFTWARE CORP COM 923436109 6019 338167 SH DEFINED 337967 0 200
VERIZON COMMUNICATIONS COM 92343V104 346 8777 SH DEFINED 8192 0 585
VINTAGE CAP CORP COM 927455105 0 43000 SH SOLE 43000 0 0
VIRTUSONICS CORP NO MKT 110891 COM 927903104 0 50000 SH SOLE 50000 0 0
VOLVO AB-SPONSORED ADR COM 928856400 11214 318210 SH DEFINED 304185 0 14025
WHERIFY WIRELESS INC COM 929259AAT 0 20000 SH SOLE 20000 0 0
W-H ENERGY SERVICES INC COM 92925E108 15391 741750 SH DEFINED 398150 0 343600
WACHOVIA CORP COM 929903102 17765 378386 SH DEFINED 377436 0 950
WAL-MART STORES INC COM 931142103 828 15566 SH DEFINED 13816 0 1750
WALGREEN CO COM 931422109 561 15660 SH DEFINED 15060 0 600
WASHINGTON FEDERAL INC COM 938824109 13080 520077 SH DEFINED 272718 0 247359
WASHINGTON MUTUAL INC COM 939322103 225766 5777026 SH DEFINED 5450525 0 326500
WATER CHEF INC COM 940907108 10 59777 SH SOLE 59777 0 0
WAVE SYSTEMS CORP-CL A COM 943526103 27 30000 SH SOLE 30000 0 0
WEB CAPITAL VENTURES NEV COM 947325106 0 10000 SH SOLE 10000 0 0
WELLPOINT HEALTH NETWORKS COM 94973H108 891 8475 SH DEFINED 1175 0 7300
WELLS FARGO & CO (NEW) COM 949746101 705 11822 SH DEFINED 10542 0 1280
WERNER ENTERPRISES INC COM 950755108 14685 760464 SH DEFINED 420725 0 339739
WESTAMERICA BANCORPORATION COM 957090103 19394 353317 SH DEFINED 203017 0 150300
WESTFORT ENERGY LTD COM 960308401 0 103800 SH SOLE 103800 0 0
WEYERHAEUSER COMPANY COM 962166104 384 5770 SH DEFINED 5700 0 70
WHIRLPOOL CORPORATION COM 963320106 577 9600 SH DEFINED 3400 0 6200
WORLDCOM INC-WORLDCOM GROUP COM 98157D106 0 51360 SH SOLE 51360 0 0
WORLDWIDE RESTAURANT CONCEPT COM 98160A107 32 10000 SH SOLE 10000 0 0
WYETH CORP COM 983024100 11714 313220 SH DEFINED 309998 0 3222
ZEVEX INTL INC NEW COM 98950E400 118 20000 SH SOLE 20000 0 0
DAIMLERCHRYSLER AG COM D1668R123 21360 515685 SH DEFINED 487249 0 28436
KONTRON AG COM D2233E118 135 17250 SH SOLE 17250 0 0
GETGO INC COM G38529106 0 315000 SH SOLE 315000 0 0
GLOBAL CROSSING LTD COM G3921A100 0 94118 SH DEFINED 94018 0 100
INGERSOLL RAND COMPANY LTD NEW COM G4776G101 856 12600 SH DEFINED 3700 0 8900
NABORS INDUSTRIES LTD COM G6359F103 876 18502 SH DEFINED 4802 0 13700
ROYAL BANK OF SCOTLAND GROUP COM G76891111 337 11616 SH SOLE 11616 0 0
ZIMBABWE PLAT MINES LTD COM G9891N113 36 14000 SH SOLE 14000 0 0
UBS AG-REGISTERED COM H8920M855 176330 2507175 SH DEFINED 2361187 0 145988
AMITY OIL LIMITED COM Q03294107 8 20000 SH SOLE 20000 0 0
</TABLE>