VICTORY GRADISON CAPITAL MANAGEMENT (Form Type: 13F-HR, Filing Date: 02/18/2003)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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: Gradison McDonald Asset Management (Division of McDonald Investments 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 February 14, 2003 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: 307 Form 13F Information Table Value Total: $917,346,243 List of Other Included Managers: None

<table> <s> <c> <c> FORM 13F 37621 REPORTING MANAGER: MCDONALD INVESTMENTS, INC. VALUATION CURRENCY: USD ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVEST.DISC. MANAGERS VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ALCOA INC COMMON 013817101 5603857 245999 X KRM 106730 139269 AMBAC FINANCIAL GROUP INC COMMON 023139108 5167050 91875 X KRM 35100 56775 ABM INDUSTRIES INC COMMON 000957100 617675 39850 X KRM 9400 30450 ABBOTT LABORATORIES COMMON 002824100 7246087 181152 X KRM 8541 172611 ALBERTO CULVER CO CLASS B COMMON 013068101 6231960 123650 X KRM 96200 27450 ARCHER DANIELS MIDLAND CO COMMON 039483102 1452164 117110 X KRM 117110 AUTOMATIC DATA PROCESSING COMMON 053015103 2675626 68169 X KRM 3200 64969 AEGON NON VOTING COMMON 007924103 143157 11158 X KRM 11158 AGERE SYSTEMS INC CLASS B COMMON 00845V209 24325 17375 X KRM 17375 ARGOSY GAMING CO COMMON 040228108 257921 13625 X KRM 3100 10525 AMERADA HESS CORP COMMON 023551104 4403339 79988 X KRM 38545 41443 AMERICAN INTERNATIONAL COMMON 026874107 21017657 363313 X KRM 89414 273899 ALFA CORP COMMON 015385107 741980 61775 X KRM 14600 47175 THE ALLSTATE CORPORATION COMMON 020002101 3396385 91819 X KRM 4533 87286 AMERICAN GREETINGS CORP CL COMMON 026375105 583020 36900 X KRM 10100 26800 AMGEN INC COMMON 031162100 414564 8576 X KRM 150 8426 AMERON INTERNATIONAL CORP COMMON 030710107 632846 11475 X KRM 1900 9575 AON CORPORATION COMMON 037389103 334354 17700 X KRM 3550 14150 AOL TIME WARNER COMMON 00184A105 2436339 185980 X KRM 9425 176555 AIR PRODUCTS & CHEMICALS I COMMON 009158106 8596684 201092 X KRM 70950 130142 ALLTEL CORP COMMON 020039103 13765053 269903 X KRM 85215 184688 AGL RESOURCES INC COMMON 001204106 406418 16725 X KRM 3500 13225 AVOCENT CORP COMMON 053893103 491062 22100 X KRM 6100 16000 AVERY DENNISON CORPORATION COMMON 053611109 2387923 39095 X KRM 575 38520 AT&T WIRELESS SERVICES INC COMMON 00209A106 80406 14231 X KRM 350 13881 ANIXTER INTERNATIONAL INC COMMON 035290105 520800 22400 X KRM 6000 16400 AMERICAN EXPRESS CO COMMON 025816109 3270158 92508 X KRM 8770 83738 BOEING CO COMMON 097023105 6297131 190880 X KRM 84460 106420 BANK OF AMERICA CORP NEW COMMON 060505104 5856055 84175 X KRM 5110 79065 BRUNSWICK CORP COMMON 117043109 1794549 90360 X KRM 5690 84670 C R BARD INC COMMON 067383109 6084200 104900 X KRM 61475 43425 BANDAG INC COMMON 059815100 379064 9800 X KRM 1800 8000 BRANDYWINE REALTY TRUST NE COMMON 105368203 417160 19127 X KRM 4001 15126 BECTON DICKINSON & CO COMMON 075887109 290327 9460 X KRM 9460 BEARINGPOINT INC COMMON 074002106 798558 115733 X KRM 5870 109863 BEDFORD PROPERTY INVESTORS COMMON 076446301 855477 33300 X KRM 6100 27200 BRIGGS & STRATTON CORP COMMON 109043109 711373 16750 X KRM 3250 13500 BENCHMARK ELECTRONICS INC COMMON 08160H101 515880 18000 X KRM 4900 13100 BIO-RAD LABORATORIES INC COMMON 090572207 383246 9903 X KRM 2701 7202 BANK OF NEW YORK COMPANY I COMMON 064057102 7037795 293731 X KRM 149025 144706 BLACK HILLS CORP COMMON 092113109 349401 13175 X KRM 2300 10875 BELLSOUTH CORP COMMON 079860102 4319540 166971 X KRM 100400 66571 BMC SOFTWARE COMMON 055921100 1928828 112731 X KRM 8350 104381 BEMIS COMPANY INC COMMON 081437105 4605664 92800 X KRM 59400 33400 BRISTOL MYERS SQUIBB CO COMMON 110122108 10642861 459735 X KRM 113575 346160 BP PLC COMMON 055622104 4622475 113714 X KRM 66050 47664 BERKSHIRE HATHAWAY INC COMMON 084670207 2352733 971 X KRM 971 BROADWING INCORPORATED COMMON 111620100 213150 60554 X KRM 1600 58954 ANHEUSER BUSCH COMPANIES I COMMON 035229103 1239524 25610 X KRM 25610 BORG WARNER INC COMMON 099724106 520587 10325 X KRM 2250 8075 CITIGROUP INC COMMON 172967101 24399093 693353 X KRM 178231 515122 CONAGRA FOODS INC COMMON 205887102 480192 19200 X KRM 700 18500 CATERPILLAR INC COMMON 149123101 2251390 49243 X KRM 300 48943 CHARTER ONE FINANCIAL INC COMMON 160903100 4000654 139250 X KRM 5889 133361 CASCADE NATURAL GAS CORP COMMON 147339105 631000 31550 X KRM 6250 25300 CHEMICAL FINANCIAL CORP COMMON 163731102 514401 16000 X KRM 2750 13250 C AND D TECHNOLOGIES INC COMMON 124661109 570300 32275 X KRM 7050 25225 CHITTENDEN CORP COMMON 170228100 824533 32360 X KRM 6687 25673 CIGNA CORP COMMON 125509109 236769 5758 X KRM 5758 CINERGY CORP COMMON 172474108 735433 21810 X KRM 452 21358 CINCINNATI FINANCIAL CORP COMMON 172062101 6352784 169182 X KRM 5113 164069 CIRCOR INTERNATIONAL INC COMMON 17273K109 508800 32000 X KRM 7500 24500 COLGATE PALMOLIVE CO COMMON 194162103 250144 4771 X KRM 1400 3371 CLOROX CO COMMON 189054109 11131106 269845 X KRM 101125 168720 COMERICA INC COMMON 200340107 2171686 50224 X KRM 3730 46494 COMCAST CORP CLASS A COMMON 20030N101 531244 22539 X KRM 481 22058 CMS ENERGY CORP COMMON 125896100 282416 29917 X KRM 1600 28317 CLECO CORP HOLDING CO COMMON 12561W105 475650 33975 X KRM 7900 26075 CONOCO PHILLIPS COMMON 20825C104 2646788 54697 X KRM 3387 51310 COMPUTER SCIENCES CORP COMMON 205363104 401928 11667 X KRM 200 11467 CISCO SYSTEMS INC COMMON 17275R102 4243889 323961 X KRM 18922 305039 CHESAPEAKE CORP COMMON 165159104 305682 17125 X KRM 4050 13075 CINTAS CORP COMMON 172908105 3440217 75196 X KRM 5300 69896 COMMONWEALTH TELEPHONE COMMON 203349105 482048 13450 X KRM 2800 10650 CENTEX CORP COMMON 152312104 4438935 88425 X KRM 57900 30525 CONVERGYS CORPORATION COMMON 212485106 1019277 67279 X KRM 1600 65679 COVENTRY HEALTH CARE INC COMMON 222862104 532701 18350 X KRM 3650 14700 CHEVRON-TEXACO CORP COMMON 166764100 13310492 200218 X KRM 56613 143605 DIEBOLD INC COMMON 253651103 2715120 65869 X KRM 65869 E I DUPONT DE NEMOURS & CO COMMON 263534109 2782670 65629 X KRM 2600 63029 DELL COMPUTER CORPORATION COMMON 247025109 539613 20180 X KRM 420 19760 DELPHI FINANCIAL GROUP COMMON 247131105 658606 17350 X KRM 4550 12800 WALT DISNEY COMPANY COMMON 254687106 1554604 95316 X KRM 1200 94116 DELUXE CORP COMMON 248019101 3738480 88800 X KRM 54700 34100 DOVER CORP COMMON 260003108 408240 14000 X KRM 14000 DOW CHEMICAL CO COMMON 260543103 2121323 71425 X KRM 4264 67161 DUKE REALTY CORPORATION COMMON 264411505 2146427 84339 X KRM 3625 80714 DURA AUTOMOTIVE SYSTEMS IN COMMON 265903104 180218 17950 X KRM 5100 12850 DUKE ENERGY CORPORATION COMMON 264399106 2286082 116995 X KRM 3662 113333 ENERGEN CORP COMMON 29265N108 813345 27950 X KRM 5650 22300 EMC CORP MASSACHUSETTS COMMON 268648102 352203 57362 X KRM 200 57162 EMCOR GROUP INC COMMON 29084Q100 646723 12200 X KRM 3350 8850 EMERSON ELECTRIC CO COMMON 291011104 10948310 215306 X KRM 77025 138281 EL PASO CORPORATION COMMON 28336L109 369367 53070 X KRM 1300 51770 ENSCO INTERNATIONAL INC COMMON 26874Q100 1693669 57510 X KRM 3745 53765 EATON CORP COMMON 278058102 532320 6815 X KRM 470 6345 EXELON CORPORATION COMMON 30161N101 3013853 57113 X KRM 4379 52734 FLAGSTAR BANCORP COMMON 337930101 561956 26017 X KRM 6275 19742 FLEET BOSTON FINANCIAL COR COMMON 339030108 6948124 285931 X KRM 111342 174589 FIRSTFED FINANCIAL CORP COMMON 337907109 503730 17400 X KRM 4900 12500 FRANKLIN ELECTRIC CO COMMON 353514102 613328 12775 X KRM 2450 10325 FIRST FINANCIAL BANCORP COMMON 320209109 205412 12532 X KRM 3017 9515 FISERV INC COMMON 337738108 6525122 192198 X KRM 98374 93824 FIFTH THIRD BANCORP OHIO COMMON 316773100 3633848 62064 X KRM 2250 59814 F L I R SYSTEMS COMMON 302445101 224480 4600 X KRM 4600 FIRSTMERIT CORP COMMON 337915102 728859 33650 X KRM 1000 32650 FIDELITY NATIONAL FINANCIA COMMON 316326107 945176 28790 X KRM 4430 24360 FEDERAL NATIONAL MORTGAGE COMMON 313586109 19087612 296714 X KRM 82215 214499 FORTUNE BRANDS INC COMMON 349631101 4407055 94755 X KRM 33675 61080 FPL GROUP INC COMMON 302571104 2120785 35270 X KRM 2230 33040 FIRST TENNEESEE NATIONAL C COMMON 337162101 393543 10950 X KRM 2050 8900 FRONTIER OIL CORP COMMON 35914P105 300868 17472 X KRM 4149 13323 GILLETTE CO COMMON 375766102 525714 17316 X KRM 17316 GABELLI ASSET MGMT INC COMMON 36239Y102 332002 11052 X KRM 3101 7951 GANNETT COMPANY INC COMMON 364730101 6762842 94190 X KRM 8355 85835 GENERAL DYNAMICS CORP COMMON 369550108 8166935 102897 X KRM 33650 69247 GARDNER DENVER INC COMMON 365558105 392805 19350 X KRM 5300 14050 GUIDANT CORPORATION COMMON 401698105 6725301 218000 X KRM 85650 132350 GENERAL ELECTRIC CO COMMON 369604103 22759205 934670 X KRM 184862 749808 GENERAL MILLS INC COMMON 370334104 436635 9300 X KRM 9300 GLOBAL IMAGING SYSTEMS INC COMMON 37934A100 442039 24050 X KRM 6800 17250 GENLYTE GROUP INC COMMON 372302109 470516 15100 X KRM 4200 10900 GROUP ONE AUTOMOTIVE INC COMMON 398905109 322977 13525 X KRM 3900 9625 GREEN POINT FINANCIAL CORP COMMON 395384100 210087 4650 X KRM 4650 GLAXO SMITHKLINE PLC-ADS COMMON 37733W105 269937 7206 X KRM 7206 HUNTINGTON BANCSHARES INC COMMON 446150104 579374 30966 X KRM 30966 HCA INC COMMON 404119109 3345150 80606 X KRM 6015 74591 HOME DEPOT INC COMMON 437076102 1104488 45982 X KRM 2200 43782 HEALTH MANAGEMENT ASSOCIAT COMMON 421933102 194126 10845 X KRM 1420 9425 H J HEINZ CO COMMON 423074103 241431 7345 X KRM 450 6895 HOLLY CORP COMMON 435758305 346323 15850 X KRM 2900 12950 HONEYWELL INTERNATIONAL IN COMMON 438516106 6936696 289029 X KRM 91960 197069 HELMERICH & PAYNE INC COMMON 423452101 1925763 68999 X KRM 550 68449 HEWLETT-PACKARD COMPANY COMMON 428236103 4429491 255155 X KRM 18300 236855 INTERSTATE BAKERIES CORP COMMON 46072H108 335500 22000 X KRM 4500 17500 INTERNATIONAL BUSINESS COMMON 459200101 14013783 180823 X KRM 50471 130352 IRWIN FINANCIAL CORP COMMON 464119106 750338 45475 X KRM 11950 33525 IMATION CORP COMMON 45245A107 527779 15045 X KRM 4000 11045 INTEL CORP COMMON 458140100 2600299 167007 X KRM 3170 163837 INTER TEL INC COMMON 458372109 618916 29599 X KRM 7050 22549 INTERNATIONAL PAPER CO COMMON 460146103 2244829 64193 X KRM 3160 61033 INGERSOLL RAND CO CLASS A COMMON G4776G101 552245 12825 X KRM 400 12425 ITLA CAPITAL CORPORATION COMMON 450565106 549957 16550 X KRM 4600 11950 ITT INDUSTRIES INC COMMON 450911102 6261691 103175 X KRM 56925 46250 JOHNSON CONTROLS INC COMMON 478366107 12658522 157896 X KRM 57935 99961 JOHN H HARLAND CO COMMON 412693103 771784 34875 X KRM 8000 26875 J & J SNACK FOODS CORP COMMON 466032109 496369 13900 X KRM 3900 10000 JOHNSON & JOHNSON COMMON 478160104 19168508 356889 X KRM 109625 247264 JONES APPAREL GROUP INC COMMON 480074103 3225146 91003 X KRM 5980 85023 JEFFERSON PILOT CORP COMMON 475070108 5612117 147261 X KRM 71025 76236 JP MORGAN CHASE & CO COMMON 46625H100 1992912 83038 X KRM 1376 81662 KEYCORP COMMON 493267108 445229 17710 X KRM 17710 KIMBERLY CLARK CORP COMMON 494368103 10355960 218158 X KRM 82420 135738 KERR MCGEE CORP COMMON 492386107 349970 7900 X KRM 450 7450 COCA COLA CO COMMON 191216100 964524 22001 X KRM 22001 KROGER CO COMMON 501044101 4502594 291430 X KRM 139475 151955 MBNA CORPORATION COMMON 55262L100 5082905 267240 X KRM 129925 137315 QUAKER CHEMICAL CORP COMMON 747316107 834040 35950 X KRM 7650 28300 LEAR CORPORATION COMMON 521865105 214656 6450 X KRM 900 5550 LIZ CLAIBORNE INC COMMON 539320101 7488108 252550 X KRM 144550 108000 LILLY ELI & CO COMMON 532457108 1914525 30150 X KRM 1900 28250 LINCOLN NATIONAL CORP INDI COMMON 534187109 1487986 47118 X KRM 3007 44111 LOWES CO COMMON 548661107 952125 25390 X KRM 25390 LAM RESEARCH CORP COMMON 512807108 3035966 281108 X KRM 181650 99458 LSI LOGIC CORP COMMON 502161102 184375 31954 X KRM 2080 29874 LANDSTAR SYSTEM INC COMMON 515098101 517945 8875 X KRM 2450 6425 LUFKIN INDUSTRIES INC COMMON 549764108 478967 20425 X KRM 4350 16075 SOUTHWEST AIRLINES CO COMMON 844741108 244501 17590 X KRM 17590 LEXMARK INTERNATIONAL INC. COMMON 529771107 7954238 131475 X KRM 45575 85900 LUBRIZOL CORP COMMON 549271104 216550 7100 X KRM 600 6500 MESABA HOLDINGS INC COMMON 59066B102 78434 12816 X KRM 3308 9508 MASCO CORP COMMON 574599106 226814 10775 X KRM 700 10075 MATTEL INC COMMON 577081102 2735214 142831 X KRM 104550 38281 MBIA INC COMMON 55262C100 3958321 90249 X KRM 68700 21549 MCDONALDS CORP COMMON 580135101 884336 54996 X KRM 5000 49996 MERCURY GENERAL CORP COMMON 589400100 1568326 41733 X KRM 850 40883 MEDTRONIC INC COMMON 585055106 3083426 67619 X KRM 2800 64819 MELLON FINANCIAL CORP COMMON 58551A108 6533114 250215 X KRM 116325 133890 METLIFE INC COMMON 59156R108 468468 17325 X KRM 3775 13550 METHODE ELECTRONICS CLASS COMMON 591520200 314565 28675 X KRM 6200 22475 MGM MIRAGE COMMON 552953101 435205 13200 X KRM 1450 11750 MIRANT CORP COMMON 604675108 23908 12785 X KRM 278 12507 ADVANCED MARKETING SERVICE COMMON 00753T105 206344 14037 X KRM 3950 10087 MUELLER INDUSTRIES INC COMMON 624756102 523200 19200 X KRM 4800 14400 THE MILLS CORPORATION COMMON 601148109 421029 14350 X KRM 3000 11350 3M COMPANY COMMON 88579Y101 5153077 41793 X KRM 1400 40393 MAXIMUS INC COMMON 577933104 620528 23775 X KRM 6600 17175 PHILIP MORRIS COMPANIES IN COMMON 718154107 4473134 110366 X KRM 9350 101016 MOTOROLA INC COMMON 620076109 2942870 340216 X KRM 19765 320451 MERCANTILE BANCSHARES CORP COMMON 587405101 550873 14275 X KRM 3550 10725 MERCK & COMPANY INC COMMON 589331107 13226134 233636 X KRM 2915 230721 MID-ATLANTIC REALTY TRUST COMMON 595232109 447180 25700 X KRM 5700 20000 MEDICIS PHARMACEUTICAL COMMON 584690309 398602 8025 X KRM 2150 5875 MICROSOFT CORP COMMON 594918104 8298057 160504 X KRM 5720 154784 MGIC INVESTMENT CORP COMMON 552848103 8954584 216818 X KRM 80825 135993 MERITAGE CORP COMMON 59001A102 329770 9800 X KRM 2700 7100 MORGAN STANLEY COMMON 617446448 227025 5687 X KRM 558 5129 MEADWESTVACO CORP COMMON 583334107 258590 10465 X KRM 1240 9225 NABI BIOPHARMACEUTICALS COMMON 629519109 191115 30825 X KRM 8379 22446 NATIONAL CITY CORP COMMON 635405103 562847 20602 X KRM 500 20102 NCR CORP COMMON 62886E108 6420222 270439 X KRM 109725 160714 NEW ENGLAND BUSINESS SERVI COMMON 643872104 699060 28650 X KRM 6800 21850 NEWPORT CORP COMMON 651824104 2408694 191775 X KRM 130550 61225 NISOURCE INC COMMON 65473P105 3608300 180415 X KRM 7600 172815 NATIONAL PENNSYLVANIA COMMON 637138108 464387 17491 X KRM 3990 13501 NORFOLK SOUTHERN CO COMMON 655844108 623628 31197 X KRM 31197 NETIQ CORP COMMON 64115P102 160859 13025 X KRM 3600 9425 NEWELL RUBBERMAID INC COMMON 651229106 435512 14359 X KRM 2200 12159 OXFORD HEALTH PLANS COMMON 691471106 6294004 172675 X KRM 73625 99050 BANK ONE CORPORATION COMMON 06423A103 365171 9991 X KRM 9991 ORACLE CORPORATION COMMON 68389X105 551793 51092 X KRM 879 50213 OLD REPUBLIC INTERNATIONAL COMMON 680223104 3159016 112822 X KRM 10550 102272 OSI SYSTEMS INC COMMON 671044105 234324 13800 X KRM 3900 9900 OCCIDENTAL PETROLEUM CORP COMMON 674599105 386352 13580 X KRM 2650 10930 PITNEY BOWES INC COMMON 724479100 9924819 303883 X KRM 95975 207908 PRECISION CASTPARTS INC COMMON 740189105 630646 26006 X KRM 1750 24256 PEPSICO INC COMMON 713448108 5790177 137143 X KRM 6755 130388 PFF BANCORP INC COMMON 69331W104 553125 17700 X KRM 4400 13300 PFIZER INC COMMON 717081103 18346372 600143 X KRM 133077 467066 PROVIDENT FINANCIAL GROUP COMMON 743866105 479941 18438 X KRM 18438 PROCTER & GAMBLE CO COMMON 742718109 27493153 319911 X KRM 11144 308767 PROGRESSIVE CORP OHIO COMMON 743315103 606479 12220 X KRM 12220 PHARMACIA CORP COMMON 71713U102 1103144 26391 X KRM 2475 23916 PARKWAY PROPERTIES INC (MD COMMON 70159Q104 605130 17250 X KRM 3800 13450 POLYMEDICA CORP COMMON 731738100 546639 17725 X KRM 6250 11475 PMI GROUP INC COMMON 69344M101 352970 11750 X KRM 2350 9400 PNC BANK CORP COMMON 693475105 3119287 74446 X KRM 2450 71996 PNM RESOURCES INC COMMON 69349H107 332432 13956 X KRM 2702 11254 PATINA OIL & GAS CORP COMMON 703224105 912976 28846 X KRM 6312 22534 PPL CORP COMMON 69351T106 10092747 291025 X KRM 109450 181575 PS BUSINESS PARKS INC COMMON 69360J107 387292 12179 X KRM 2601 9578 PHILLIPS VAN HEUSEN CORP COMMON 718592108 731170 63250 X KRM 13800 49450 PRAXAIR INC COMMON 74005P104 310803 5380 X KRM 710 4670 PAPA JOHN'S INTERNATIONAL COMMON 698813102 649604 23300 X KRM 6700 16600 NASDAQ 100 SHARES COMMON 631100104 280255 11500 X KRM 11500 ROYAL DUTCH PETROLEUM CO N COMMON 780257804 957567 21753 X KRM 700 21053 RUDDICK CORP COMMON 781258108 470594 34375 X KRM 7000 27375 R & G FINANCIAL CORP COMMON 749136107 965457 41525 X KRM 9750 31775 TRANSOCEAN INC COMMON G90078109 382475 16486 X KRM 16486 ADOLPH COORS CO CLASS B COMMON 217016104 8466281 138225 X KRM 78225 60000 ROHM & HAAS CO COMMON 775371107 234733 7227 X KRM 7227 RELIANCE STEEL & ALUMINUM COMMON 759509102 529336 25400 X KRM 4800 20600 RADIOSHACK CORP COMMON 750438103 4632997 247225 X KRM 116050 131175 ROSLYN BANCORP COMMON 778162107 522167 28961 X KRM 6625 22336 SANDY SPRING BANCORP COMMON 800363103 636647 20211 X KRM 4200 16011 SBC COMMUNICATIONS INC COMMON 78387G103 7526685 277635 X KRM 81419 196216 STERLING BANCSHARES TEXAS COMMON 858907108 245317 20075 X KRM 4950 15125 SPARTECH CORP NEW COMMON 847220209 688011 33350 X KRM 7250 26100 SCIENTIFIC ATLANTA INC COMMON 808655104 1732450 146075 X KRM 78950 67125 SCHERING PLOUGH CORPORATIO COMMON 806605101 2585984 116486 X KRM 1275 115211 SHERWIN WILLIAMS CO COMMON 824348106 10123811 358365 X KRM 159225 199140 SKY FINANCIAL GROUP COMMON 83080P103 1186955 59616 X KRM 2250 57366 SCHLUMBERGER LIMITED COMMON 806857108 3012802 71580 X KRM 3675 67905 SARA LEE CORP COMMON 803111103 15344774 681687 X KRM 222385 459302 SNAP-ON INC COMMON 833034101 225442 8020 X KRM 2820 5200 SOUTHERN CO COMMON 842587107 974544 34327 X KRM 1650 32677 SOUTHTRUST CORP COMMON 844730101 421829 16975 X KRM 2500 14475 ST PAUL COMPANIES INC COMMON 792860108 3987221 117099 X KRM 3850 113249 SERENA SOFTWARE INC COMMON 817492101 178822 11325 X KRM 3200 8125 SUNRISE ASSISTED LIVING IN COMMON 86768K106 383929 15425 X KRM 4350 11075 STATE AUTO FINANCIAL CORP COMMON 855707105 636942 41093 X KRM 9422 31671 STAGE STORES INC. COMMON 85254C305 373986 17775 X KRM 4100 13675 SUNTRUST BANKS INC COMMON 867914103 7399600 130000 X KRM 63000 67000 QUESTAR CORP COMMON 748356102 301847 10850 X KRM 10850 SUNOCO INC COMMON 86764P109 8782746 264700 X KRM 114550 150150 SUN MICROSYSTEMS INC COMMON 866810104 1044848 335964 X KRM 14694 321270 SUPER VALUE STORES (NEW) COMMON 868536103 1581658 95800 X KRM 95000 800 SYNTEL INC COMMON 87162H103 355070 16900 X KRM 4650 12250 AT & T CORP NEW COMMON 001957505 370501 14190 X KRM 297 13893 THE TIMBERLAND CO COMMON 887100105 6018090 169000 X KRM 87900 81100 TELEDYNE TECHNOLOGIES INC COMMON 879360105 382592 24400 X KRM 6700 17700 TRIUMPH GROUP INC COMMON 896818101 430392 13475 X KRM 3300 10175 TRIAD GUARANTY, INC COMMON 895925105 541768 14698 X KRM 3999 10699 TARGET CP COMMON 87612E106 3527460 117582 X KRM 4980 112602 THOMAS INDUSTRIES INC COMMON 884425109 367446 14100 X KRM 3300 10800 TELLABS INC COMMON 879664100 380585 52350 X KRM 1000 51350 TOLLGRADE COMMUNICATIONS I COMMON 889542106 265685 22650 X KRM 6500 16150 TECHNITROL INC COMMON 878555101 375659 23275 X KRM 4200 19075 TOOTSIE ROLL INDUSTRIES IN COMMON 890516107 334964 10918 X KRM 10918 TRIBUNE CO NEW COMMON 896047107 258213 5680 X KRM 5680 TEXAS REGIONAL BANK SHARES COMMON 882673106 342900 9648 X KRM 2196 7452 TEXAS INSTRUMENTS INC COMMON 882508104 546964 36440 X KRM 500 35940 TEXTRON INC COMMON 883203101 9762470 227087 X KRM 89900 137187 UNOCAL CORP COMMON 915289102 1938252 63383 X KRM 3795 59588 UNIVERSAL FOREST PRODUCTS COMMON 913543104 764357 35850 X KRM 8400 27450 UNISYS CORP COMMON 909214108 118444 11964 X KRM 11964 UMB FINANCIAL CORP COMMON 902788108 453393 11850 X KRM 2700 9150 UNITED HEALTHCARE INC COMMON 91324P102 1434113 17175 X KRM 300 16875 UNION PACIFIC CORP COMMON 907818108 2769406 46257 X KRM 3375 42882 UBIQUITEL INC COMMON 903474302 35701 89252 X KRM 89252 US BANCORP DELAWARE NEW COMMON 902973304 16070861 757345 X KRM 179250 578095 UNITED STATIONERS INC COMMON 913004107 619941 21525 X KRM 6200 15325 UNITED TECHNOLOGIES CORP COMMON 913017109 7548876 121874 X KRM 54875 66999 V F CORP COMMON 918204108 4755897 131925 X KRM 56375 75550 VIACOM INC CLASS B COMMON COMMON 925524308 3608238 88524 X KRM 4879 83645 VERIZON COMMUNICATIONS COMMON 92343V104 6689491 172632 X KRM 8034 164598 WACHOVIA CORP COMMON 929903102 752486 20650 X KRM 20650 WENDYS INTERNATIONAL INC COMMON 950590109 5718808 211260 X KRM 98235 113025 WELLS FARGO & CO COMMON 949746101 11314840 241409 X KRM 96150 145259 WELLPOINT HEALTH COMMON 94973H108 10677558 150050 X KRM 62475 87575 WASHINGTON MUTUAL INC COMMON 939322103 9892707 286496 X KRM 120275 166221 WAL-MART STORES INC COMMON 931142103 1115665 22088 X KRM 1100 20988 WATSCO INC COMMON 942622200 785012 47925 X KRM 11450 36475 WYETH COMMON 983024100 5374716 143709 X KRM 7221 136488 CIMAREX ENERGY CO COMMON 171798101 607418 33934 X KRM 397 33537 XL CAPITAL LIMITED COMMON G98255105 2081192 26941 X KRM 300 26641 EXXON MOBIL CORP COMMON 30231G102 9722823 278272 X KRM 7160 271112 _____________ PAGE COLUMN TOTALS 97372230 _____________ AGGREGATE COLUMN TOTALS 917346243 </table> </page>