<SEC-DOCUMENT>0001034549-11-000005.txt : 20111114
<SEC-HEADER>0001034549-11-000005.hdr.sgml : 20111111
<ACCEPTANCE-DATETIME>20111114145844
ACCESSION NUMBER:		0001034549-11-000005
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110930
FILED AS OF DATE:		20111114
DATE AS OF CHANGE:		20111114
EFFECTIVENESS DATE:		20111114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARADIGM ASSET MANAGEMENT CO LLC
		CENTRAL INDEX KEY:			0001034549
		IRS NUMBER:				133521976
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-06194
		FILM NUMBER:		111201412

	BUSINESS ADDRESS:	
		STREET 1:		445 HAMILTON AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10601
		BUSINESS PHONE:		2127716100

	MAIL ADDRESS:	
		STREET 1:		445 HAMILTON AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARADIGM ASSET MANAGEMENT CO LLC/NY
		DATE OF NAME CHANGE:	19990326
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>lettr119.txt
<TEXT>
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, 2011

Institutional Investment Manager Filing this Report:

Name:		Paradigm Asset Management Company, LLC
Address:	445 Hamilton Avenue, Suite 1203
		White Plains, NY  10601

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:	James E. Francis
Title:	CEO & President
Phone:	212-771-6100

Signature, Place, and Date of Signing:
James E. Francis, 	White Plains,  NY,		November 11, 2011

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: 	715

FORM 13F INFORMATION TABLE VALUE TOTAL: 	$489,553,389


<table>                            <c>                                          <c>


Paradigm Asset Management Company, LLC
PORTFOLIO APPRAISAL
Form 13F Information Table
September 30, 2011

                                                                   INVSTMT
                        TITLE OF CLASS                             DSCRETN       - VOTING AUTHORITY -
NAME OF ISSUER             (COM)   CUSIP/Sedol    VALUE    SHARES   (SOLE)  (SOLE)  SHARE      NONE
----------------------------------------          -----     -----   -----     ----- -----     -----
ALUMINA LTD                 COM    6954985         10644      7400    SH           0     0      7400
1 800 FLOWERS               COM    68243Q106       52223     22510    SH           0     0     22510
99 CENTS ONLY STORES        COM    65440K106      977181     53050    SH       44700     0      8350
AALBERTS INDUSTRIES NV      COM    B1W8P14         10580       700    SH           0     0       700
AAR CORP.                   COM    000361105      189204     11350    SH        4750     0      6600
ABBOTT LABS                 COM    002824100     2894728     56604    SH       47104     0      9500
ACE LIMITED                 COM    H0023R105       12120       200    SH           0     0       200
ACME PACKET INC             COM    004764106      802821     18850    SH       15200     0      3650
ACORDA THERAPEUTICS         COM    00484M106      715566     35850    SH       30150     0      5700
ACTUANT CORP                COM    00508X203     1256100     63600    SH       53500     0     10100
ADTRAN INC.                 COM    00738A106     1644753     62160    SH       46200     0     15960
ADVANCED ENERGY INDUS.      COM    007973100      905531    105050    SH       88450     0     16600
ADVISORY BRD CO             COM    00762W107      587223      9100    SH        7650     0      1450
AEROPOSTALE                 COM    007865108       43240      4000    SH        1700     0      2300
AEROVIRONMENT INC           COM    008073108      436325     15500    SH       13000     0      2500
AFFILIATED MGRS GP          COM    008252108      239613      3070    SH           0     0      3070
AFLAC INC.                  COM    001055102      440370     12600    SH       10500     0      2100
AGILENT TECHNOLOGIES        COM    00846U101      503750     16120    SH       11000     0      5120
AIR TRANSPORT SERVICES      COM    00922R105       37021      8550    SH        3600     0      4950
AKZO NOBEL                  COM    5458314         76010      1700    SH           0     0      1700
ALASKA AIRGROUP             COM    011659109      523497      9300    SH        7800     0      1500
ALASKA COMMUNICATIONS       COM    01167P101      452605     69100    SH       58200     0     10900
ALBEMARLE CORP              COM    012653101      199980      4950    SH           0     0      4950
ALCATEL-LUCENT              COM    5975006         35945     12200    SH           0     0     12200
ALEXION PHARM.              COM    015351109      130041      2030    SH           0     0      2030
ALIGN TECHNOLOGY INC        COM    016255101     1255317     82750    SH       69650     0     13100
ALKERMES PLC                COM    G01767105     1714862    112450    SH       90600     0     21850
ALLEGIANT TRAVEL CO         COM    01748X102      336979      7150    SH        3000     0      4150
ALLIANT TECH SYS            COM    018804104      243659      4470    SH           0     0      4470
ALLIED NEVADA GOLD CORP     COM    019344100      383167     10700    SH        9000     0      1700
ALLSCRIPTS MISYS HEALTHC    COM    01988P108      318593     17680    SH        5500     0     12180
ALTRA HOLDINGS INC          COM    02208R106      100659      8700    SH        3650     0      5050
AMEDISYS INC                COM    023436108      240825     16250    SH       13750     0      2500
AMER MOVIL - ADR L          ADR    02364W105      103776      4700    SH           0     0      4700
AMER. SUPERCONDUCTOR        COM    030111108      120061     30550    SH       25650     0      4900
AMERICAN AXLE & MFG HL      COM    024061103       22890      3000    SH        1250     0      1750
AMERICAN CAPITAL AGENCY     COM    02503X105      362327     13370    SH           0     0     13370
AMERICAN FINL GP            COM    025932104      923400     29720    SH       17700     0     12020
AMERICAN WTR WKS CO         COM    030420103      373326     12370    SH           0     0     12370
AMERIGON INC                COM    03070L300       52829      4150    SH        1750     0      2400
AMERIPRISE FINANCIAL        COM    03076C106     3062208     77800    SH       64900     0     12900
AMERISOURCEBERGEN           COM    03073E105     2270861     60930    SH       42400     0     18530
AMETEK AEROSPACE            COM    031100100      214634      6510    SH           0     0      6510
AMPHENOL CORP               COM    032095101      364891      8950    SH           0     0      8950
ANALOGIC CORP.              COM    032657207      214789      4730    SH           0     0      4730
ANGLO ANERN PLC             ADR    03485P201       35868      2100    SH           0     0      2100
ANGLOGOLD ASHANTI LTD       COM    035128206      111672      2700    SH           0     0      2700
ANIXTER INTL                COM    035290105     1584496     33400    SH       28200     0      5200
ANNALY CAP MGMT INC         COM    035710409      374507     22520    SH           0     0     22520
ANSYS INC                   COM    03662Q105      524237     10690    SH        1400     0      9290
APOLLO COMMERCIAL REAL E    COM    03762U105       90214      6850    SH        2900     0      3950
APPLE INC.                  COM    037833100     2211656      5800    SH        4800     0      1000
APPLIED MATLS INC.          COM    038222105      231020     22310    SH           0     0     22310
APPLIED MICRO CIRCUIT       COM    03822W406      428794     79850    SH       62850     0     17000
ARBITRON INC                COM    03875Q108     1869020     56500    SH       47500     0      9000
ARES CAP CORP               COM    04010L103      124618      9050    SH        3800     0      5250
ARM HOLDINGS PLC            COM    0059585         96646     11000    SH           0     0     11000
ARTIO GLOBAL INVESTORS      COM    04315B107       35422      4450    SH        1900     0      2550
ASAHI DIAMOND INDUSTRIAL    COM    6054788         14180      1000    SH           0     0      1000
ASCENA RETAIL GP            COM    04351G101     1321016     48800    SH       41100     0      7700
ASCENDAS REAL ESTATE INV    COM    6563875        107489     69000    SH           0     0     69000
ASPEN TECHNOLOGY            COM    045327103       99255      6500    SH        2800     0      3700
ASSURANT INC                COM    04621X108     3223074     90030    SH       67800     0     22230
ASTRAZENECA PLC             ADR    046353108       93156      2100    SH           0     0      2100
ATLAS COPCO AB-A SHS        COM    B1QGR41         17421       972    SH           0     0       972
ATMEL CORP.                 COM    049513104      117983     14620    SH           0     0     14620
ATMI INC                    COM    00207R101      684215     43250    SH       36450     0      6800
ATMOS ENERGY                COM    049560105      133045      4100    SH        1750     0      2350
AUSTRALIA & NEW ZEALAND     ADR    052528304       87326      4700    SH           0     0      4700
AUXILIUM PHARM              COM    05334D107       54713      3650    SH        1550     0      2100
AVERY DENNISON CORP.        COM    053611109     2146848     85600    SH       71400     0     14200
AVID TECHNOLOGY INC         COM    05367P100       48375      6250    SH        2650     0      3600
AVIS BUDGET GP              COM    053774105     1039525    107500    SH       87300     0     20200
AXA SA                      COM    7088429         58444      4400    SH           0     0      4400
AXCELIS TECH                COM    054540109      107280     89400    SH       37650     0     51750
AXIS CAPITAL HDS            COM    G0692U109       93384      3600    SH           0     0      3600
B & G FOODS INC             COM    05508R106      580464     34800    SH       29300     0      5500
BALL CORP.                  COM    058498106     2404050     77500    SH       64600     0     12900
BANCO BRADESCO              ADR    059460303       87261      5900    SH           0     0      5900
BANCO BRADESCO SA-PREF      COM    B00FM53         83596      5600    SH           0     0      5600
BANK OF NY MELLON           COM    064058100      198355     10670    SH           0     0     10670
BARCLAYS PLC                ADR    06738E204       35208      3600    SH           0     0      3600
BARD C R INC.               COM    067383109      113802      1300    SH           0     0      1300
BARRICK GOLD                COM    067901108      121290      2600    SH           0     0      2600
BAXTER INTL INC.            COM    071813109     2919280     52000    SH       43400     0      8600
BAYERISCHE MOTOREN WERKE    COM    5756029         20111       300    SH           0     0       300
BE AEROSPACE INC.           COM    073302101      365534     11040    SH        2100     0      8940
BEAZER HOMES USA            COM    07556Q105       17818     11800    SH        5000     0      6800
BELGACOM SA                 COM    B00D9P6         97289      3200    SH           0     0      3200
BIO RAD LABS INC [A]        COM    090572207      249617      2750    SH        1150     0      1600
BIOCRYST PHARMACEUTICAL     COM    09058V103      244812     88700    SH       68800     0     19900
BIOGEN IDEC INC             COM    09062X103     2598885     27900    SH       23300     0      4600
BIOMED REALTY TRUST         COM    09063H107      526926     31800    SH       26800     0      5000
BIO-REFERENCE LABS INC      COM    09057G602      163849      8900    SH        3800     0      5100
BLUE COAT SYSTEMS INC       COM    09534T508       49968      3600    SH        1500     0      2100
BLUE NILE INC               COM    09578R103      218736      6200    SH        5200     0      1000
BNP PARIBAS                 COM    7309681         68541      1700    SH           0     0      1700
BOEING CO.                  COM    097023105     1125486     18600    SH       15500     0      3100
BOSTON PROPERTIES INC       COM    101121101     2147310     24100    SH       19000     0      5100
BOTTOMLINE TECH             COM    101388106      148029      7350    SH        3100     0      4250
BRIGGS & STRATTON           COM    109043109       56742      4200    SH        1800     0      2400
BRIGHAM EXPLORATION         COM    109178103     2760494    109240    SH       85700     0     23540
BRIGHTPOINT INC             COM    109473405       53476      5800    SH        2450     0      3350
BROOKS AUTOMATION INC       COM    114340102     1039940    127600    SH      107500     0     20100
BRUKER CORP                 COM    116794108      685971     50700    SH       42700     0      8000
CA INC.                     COM    12673P105     1697210     87440    SH       60300     0     27140
CALLAWAY GOLF               COM    131193104       53251     10300    SH        4300     0      6000
CAMPBELL SOUP CO            COM    134429109      382289     11810    SH           0     0     11810
CANADIAN NAT RES LTD        COM    136385101       84883      2900    SH           0     0      2900
CANADIAN NATL RY            COM    136375102       13316       200    SH           0     0       200
CAPELLA EDUCATION COMP      COM    139594105      227040      8000    SH        6800     0      1200
CAPITAL ONE FINL            COM    14040H105      487449     12300    SH       10300     0      2000
CARBO CERAMICS              COM    140781105     1632277     15920    SH       12850     0      3070
CARDINAL FINL CORP          COM    14149F109      144816     16800    SH        7100     0      9700
CARDINAL HEALTH INC         COM    14149Y108     2479296     59200    SH       49400     0      9800
CARLISLE COS.               COM    142339100       84800      2660    SH           0     0      2660
CARREFOUR SA                COM    5641567         59791      2600    SH           0     0      2600
CARRIZO OIL & CO INC        COM    144577103      685449     31800    SH       24100     0      7700
CARTER INC                  COM    146229109     1429272     46800    SH       39400     0      7400
CASH AMER INTL INC          COM    14754D100     2000867     39110    SH       27200     0     11910
CATALYST HEALTH SOLUTION    COM    14888B103      213453      3700    SH        1500     0      2200
CATERPILLAR TRACTOR         COM    149123101     1727856     23400    SH       19500     0      3900
CATHAY GENERAL BANCORP      COM    149150104      249222     21900    SH        9200     0     12700
CAVIUM INC                  COM    14964U108     1243810     46050    SH       38850     0      7200
CB RICHARD ELLIS GP         COM    12497T101      201630     14980    SH           0     0     14980
CBOE HOLDINGS INC           COM    12503M108      364603     14900    SH       12400     0      2500
CBS CORP.                   COM    124857202     3097760    152000    SH      126700     0     25300
CELANESE CORP               COM    150870103       92710      2850    SH           0     0      2850
CENTERPOINT ENERGY INC      COM    15189T107      241914     12330    SH           0     0     12330
CENTRAIS ELEC BRAS-ADR P    ADR    15234Q108       10521       900    SH           0     0       900
CENTURY ALUM CO.            COM    156431108      337038     37700    SH       27500     0     10200
CENTURYLINK INC.            COM    156700106     2451376     74015    SH       55700     0     18315
CF INDUSTRIES HLDGS         COM    125269100       38004       308    SH          71     0       237
CHARLES SCHWAB              COM    808513105      761570     67575    SH       53958     0     13617
CHART INDS INC              COM    16115Q308      329004      7800    SH        3300     0      4500
CHEESECAKE FACTORY          COM    163072101      682805     27700    SH       23300     0      4400
CHEMED CORP                 COM    16359R103     1101948     20050    SH       16950     0      3100
CHEMRING GROUP PLC          COM    B45C9X4         50221      6100    SH           0     0      6100
CHIPOTLE MEXICAN GRILL      COM    169656105      172681       570    SH           0     0       570
CIA PARANAENSE ENER-SP A    ADR    20441B407       76482      4200    SH           0     0      4200
CIA SANEAMENTO BASICO DE    ADR    20441A102       83430      1800    SH           0     0      1800
CIGNA CORP.                 COM    125509109     3290612     78460    SH       62100     0     16360
CIT GROUP INC               COM    125581801     1527611     50300    SH       42000     0      8300
CITY NATL CORP              COM    178566105      131404      3480    SH           0     0      3480
CLARCOR INC.                COM    179895107     1183468     28600    SH       24100     0      4500
CLEAN HARBORS INC           COM    184496107     1282500     25000    SH       21000     0      4000
CLOUD PEAK ENERGY INC       COM    18911Q102      233910     13800    SH        5850     0      7950
CME GROUP                   COM    12572Q105      308000      1250    SH           0     0      1250
CMS ENERGY CORP.            COM    125896100     2901214    146600    SH      122200     0     24400
CNO FINANCIAL GP            COM    12621E103      684906    126600    SH      106700     0     19900
COACH INC                   COM    189754104      232198      4480    SH           0     0      4480
COCA COLA COMPANY           COM    191216100     1412004     20900    SH       17100     0      3800
COCA COLA WEST CO LTD       COM    6163286        113744      5900    SH           0     0      5900
COCHLEAR LTD                COM    6211798         36069       800    SH           0     0       800
COGENT COMM GROUP           COM    19239V302      286485     21300    SH       17900     0      3400
COGNEX CORP.                COM    192422103     1316978     48597    SH       40897     0      7700
COGNIZANT TECH.             COM    192446102      390621      6230    SH           0     0      6230
COINSTAR INC                COM    19259P300     1324000     33100    SH       26800     0      6300
COLGATE PALMOLIVE           COM    194162103      718308      8100    SH        6700     0      1400
COLLECTIVE BRANDS           COM    19421W100      279936     21600    SH       18200     0      3400
COMCAST SPL CL A            COM    20030N200     2850243    137560    SH      103700     0     33860
COMERICA INC                COM    200340107     3035944    132170    SH      105600     0     26570
COMPASS GROUP PLC           COM    0533153         99017     12200    SH           0     0     12200
COMPUTER SCIENCES           COM    205363104      714210     26600    SH       22200     0      4400
COMSTOCK RES INC            COM    205768203       52564      3400    SH        1450     0      1950
COMTECH TELECOMM            COM    205826209      821632     29250    SH       23300     0      5950
CONAGRA INC.                COM    205887102      624876     25800    SH       21500     0      4300
CONCUR TECHNOLOGIES         COM    206708109     1874530     50350    SH       42450     0      7900
CONMED CORP                 COM    207410101       69030      3000    SH        1250     0      1750
CONSTANT CONTACT INC        COM    210313102       54463      3150    SH        1300     0      1850
CONTINENTAL RESOURCES       COM    212015101      153332      3170    SH           0     0      3170
COOPER COMPANIES            COM    216648402     2146548     27120    SH       19150     0      7970
COOPER TIRE & RUBR CO       COM    216831107      762844     70050    SH       56850     0     13200
COPART INC                  COM    217204106      184646      4720    SH         750     0      3970
CORINTHIAN COLLEGES         COM    218868107      137640     88800    SH       74800     0     14000
CORN PRODUCTS INTL          COM    219023108      470880     12000    SH       10000     0      2000
COVIDIEN PLC                COM    G2554F113       88200      2000    SH           0     0      2000
CROCS INC.                  COM    227046109      478336     20200    SH       17100     0      3100
CSG SYS INTL                COM    126349109      381096     30150    SH       25450     0      4700
CSX CORP.                   COM    126408103     2214262    118600    SH       98900     0     19700
CUBIST PHARMACEUTICALS      COM    229678107     1444588     40900    SH       34500     0      6400
CULLEN FROST BANKERS        COM    229899109      305427      6660    SH           0     0      6660
CYBERONICS INC              COM    23251P102     1184949     41871    SH       35271     0      6600
DAI NIPPON PRINTING CO L    COM    6250906         52413      5000    SH           0     0      5000
DAIMLER AG-REGISTERED SH    COM    D1668R123       70960      1600    SH           0     0      1600
DAKTRONICS INC              COM    234264109      280566     32700    SH       27600     0      5100
DANA HLDG                   COM    235825205      505050     48100    SH       40500     0      7600
DANAHER CORP                COM    235851102      633294     15100    SH       12600     0      2500
DARLING INTL INC            COM    237266101       37770      3000    SH        1250     0      1750
DEALERTRACK HLDGS           COM    242309102      691830     44150    SH       37200     0      6950
DEERE & CO.                 COM    244199105      387420      6000    SH        5000     0      1000
DELHAIZE GROUP - SPONS A    ADR    29759W101       11688       200    SH           0     0       200
DELL COMPUTER               COM    24702R101      299343     21170    SH           0     0     21170
DELPHI FINL. GROUP          COM    247131105      116208      5400    SH        2300     0      3100
DEUTSCHE BANK AG NAMEN      COM    D18190898       62298      1800    SH           0     0      1800
DEUTSCHE LUFTHANSA-REG      COM    5287488         30106      2300    SH           0     0      2300
DIAGEO PLC                  ADR    25243Q205       91116      1200    SH           0     0      1200
DIAMOND FOODS INC           COM    252603105      183540      2300    SH         950     0      1350
DIEBOLD INC                 COM    253651103      154606      5620    SH           0     0      5620
DIGITAL RIVER INC.          COM    25388B104      774265     37350    SH       31450     0      5900
DINEEQUITY INC              COM    254423106      696669     18100    SH       15200     0      2900
DISCOVER FINCL SERVICES     COM    254709108     3074189    134010    SH      104100     0     29910
DISCOVERY COMMUNICATNS      COM    25470F302      265382      7550    SH           0     0      7550
DISH NETWORK CORP CL A      COM    25470M109     1124745     44900    SH       37400     0      7500
DOLLAR TREE INC             COM    256746108      362926      4830    SH           0     0      4830
DOVER CORP.                 COM    260003108      633760     13600    SH       11400     0      2200
DR PEPPER SNAPPLE GP        COM    26138E109     1380568     35600    SH       29700     0      5900
DRIL-QUIP INC               COM    262037104      625356     11600    SH        6700     0      4900
DTE ENERGY CO.              COM    233331107      401964      8200    SH        6800     0      1400
DTS INC                     COM    23335C101      131599      5300    SH        2200     0      3100
DUPONT DE NEMOURS           COM    263534109     2582062     64600    SH       53900     0     10700
DYNEX CAP INC               COM    26817Q506       38285      4750    SH        2000     0      2750
EAGLE MATERIALS INC         COM    26969P108      653512     39250    SH       33050     0      6200
EAST WEST BANCORP           COM    27579R104      316390     21220    SH        4900     0     16320
EASTMAN CHEM CO             COM    277432100     2103871     30700    SH       25600     0      5100
EATON CORP.                 COM    278058102     3074300     86600    SH       72200     0     14400
ECOLAB INC                  COM    278865100      305073      6240    SH           0     0      6240
EDF                         COM    B0NJJ17         84861      2900    SH           0     0      2900
EDISON INTERNATIONAL        COM    281020107     3629925     94900    SH       70500     0     24400
EHEALTH INC                 COM    28238P109       52591      3850    SH        1650     0      2200
EL PASO ELEC CO.            COM    283677854      184517      5750    SH        2400     0      3350
EL PASO ENERGY CORP.        COM    28336L109     2723384    155800    SH      129900     0     25900
ELECTRO SCIENTIFIC INDS.    COM    285229100      110577      9300    SH        3900     0      5400
ELI LILLY & CO.             COM    532457108     2031871     54960    SH       35700     0     19260
EMCOR GROUP INC             COM    29084Q100       69122      3400    SH        1450     0      1950
EMERSON ELEC CO.            COM    291011104     2230740     54000    SH       45000     0      9000
ENDO PHARMACEUTICALS        COM    29264F205     1181178     42200    SH       35200     0      7000
ENERGEN CORP                COM    29265N108      404811      9900    SH        8200     0      1700
ENERGY TRANSFER EQUITY      COM    29273V100      343626      9880    SH           0     0      9880
ENPRO INDS INC              COM    29355X107      783552     26400    SH       22300     0      4100
ENTEGRIS INC                COM    29362U104      472120     74000    SH       47600     0     26400
ENTERGY CORP.               COM    29364G103      210139      3170    SH           0     0      3170
ENTERTAINMENT PPTYS         COM    29380T105      194900      5000    SH        2050     0      2950
ENTROPIC COMMUNICATION      COM    29384R105      736379    178300    SH      136600     0     41700
EOG RES INC.                COM    26875P101     1548018     21800    SH       18200     0      3600
EQT CORP                    COM    26884L109     2721360     51000    SH       42500     0      8500
EQUITY LIFESTYLE PPTYS      COM    29472R108      169290      2700    SH        1800     0       900
ERSTE GROUP BANK AG         COM    5289837         59743      2300    SH           0     0      2300
ESTERLINE TECHNOLOGIES      COM    297425100      110419      2130    SH           0     0      2130
EURONET WORLDWIDE INC       COM    298736109      121985      7750    SH        3250     0      4500
EVERCORE PARTNERS CL A      COM    29977A105      539220     23650    SH       17300     0      6350
EXIDE TECHNOLOGIES          COM    302051206      552400    138100    SH      116300     0     21800
EXPEDITORS INT'L            COM    302130109      283039      6980    SH           0     0      6980
EXXON MOBIL CORP.           COM    30231G102     6878061     94700    SH       78900     0     15800
F M C CORP.                 COM    302491303      154226      2230    SH           0     0      2230
F5 NETWORKS INC.            COM    315616102       99470      1400    SH           0     0      1400
FANUC CORP                  COM    6356934        112402       800    SH           0     0       800
FARO TECHNOLOGIES INC       COM    311642102      877090     27800    SH       23400     0      4400
FEDERATED INVESTORS B       COM    314211103       94662      5400    SH        2250     0      3150
FEI CO                      COM    30241L109      244473      8160    SH        2250     0      5910
FELCOR LODGING TRUST        COM    31430F101       19688      8450    SH        3600     0      4850
FIFTH THIRD BANCORP         COM    316773100     3073430    304300    SH      253600     0     50700
FINISAR CORP                COM    31787A507      249068     14200    SH       12000     0      2200
FIRST AMERN FINL            COM    31847R102      655360     51200    SH       43100     0      8100
FIRST HORIZON NATL          COM    320517105      377864     63400    SH       52900     0     10500
FIRST NIAGARA FINL          COM    33582V108      130936     14310    SH           0     0     14310
FISERV INC.                 COM    337738108      385852      7600    SH           0     0      7600
FLIR SYS INC                COM    302445101      181111      7230    SH           0     0      7230
FMC TECHNOLOGIES            COM    30249U101      172208      4580    SH           0     0      4580
FOREST LABS INC.            COM    345838106     3369041    109420    SH       82200     0     27220
FOREST OIL CORP             COM    346091705      125856      8740    SH           0     0      8740
FORTINET INC                COM    34959E109      759360     45200    SH       38000     0      7200
FOSSIL INC                  COM    349882100      402057      4960    SH        1350     0      3610
FOSTER L B CO               COM    350060109       61132      2750    SH        1150     0      1600
FRANCE TELECOM              ADR    35177Q105       36014      2200    SH           0     0      2200
FRANKLIN RESOURCES          COM    354613101     2343180     24500    SH       20400     0      4100
FRESENIUS MEDICAL CARE A    COM    5129074        109526      1600    SH           0     0      1600
FRONTIER COMMUNICATIONS     COM    35906A108      670572    109750    SH       63600     0     46150
FRPT MCMORAN CPR            COM    35671D857     1854405     60900    SH       48300     0     12600
FTI CONSULTING INC.         COM    302941109      304050      8260    SH           0     0      8260
FUGRO NV-CVA                COM    B096LW7         76577      1500    SH           0     0      1500
FUJIFILM HOLDINGS CORP      COM    6356525         47093      2000    SH           0     0      2000
GAP INC. DEL                COM    364760108     1102696     67900    SH       56600     0     11300
GARTNER GP INC.             COM    366651107      174350      5000    SH        2100     0      2900
GAYLORD ENTMT CO            COM    367905106       79294      4100    SH        1800     0      2300
GAZPROM O A O               ADR    368287207       68760      7200    SH           0     0      7200
GENESEE & WYO INC           COM    371559105     1198355     25760    SH       18100     0      7660
GENTEX CORP.                COM    371901109      200817      8350    SH        3500     0      4850
GENWORTH FINL INC           COM    37247D106      690522    120300    SH      100300     0     20000
GEO GROUP INC               COM    36159R103      961408     51800    SH       43700     0      8100
GEOEYE INC                  COM    37250W108      857587     30250    SH       25550     0      4700
G-III APPAREL GROUP LT      COM    36237H101      145161      6350    SH        2650     0      3700
GILEAD SCIENCES INC.        COM    375558103     1757640     45300    SH       37800     0      7500
GLAXOSMITHKLINE PLC         ADR    37733W105      111483      2700    SH           0     0      2700
GLOBE SPECIALTY METALS      COM    37954N206       99462      6850    SH        2900     0      3950
GOLD FIELDS LTD             COM    6280215        113380      7300    SH           0     0      7300
GOODRICH B F CO.            COM    382388106      603400      5000    SH        4200     0       800
GOODRICH PETE CORP          COM    382410405       67965      5750    SH        2400     0      3350
GRACE W R - NEW             COM    38388F108      864135     25950    SH       21850     0      4100
GRAFTECH INTL LTD           COM    384313102      942975     74250    SH       62550     0     11700
GRAINGER W INC.             COM    384802104      288612      1930    SH           0     0      1930
GRAND CANYON ED INC         COM    38526M106      281010     17400    SH       14700     0      2700
GRANITE CONSTRUCTION        COM    387328107       31909      1700    SH         750     0       950
GREATBATCH TECH             COM    39153L106      172086      8600    SH        3650     0      4950
GREEN MTN COFFEE ROAST      COM    393122106      188668      2030    SH           0     0      2030
GROUP 1 AUTOMOTIVE INC      COM    398905109     1301130     36600    SH       30900     0      5700
GULFMARK OFFSHORE INC       COM    402629208       76314      2100    SH         950     0      1150
GULFPORT ENERGY CORP        COM    402635304      224874      9300    SH        3900     0      5400
HAEMONETICS CORP.           COM    405024100       87720      1500    SH         700     0       800
HAIN FOOD GROUP INC         COM    405217100       74847      2450    SH        1050     0      1400
HALLIBURTON CO.             COM    406216101     2304260     75500    SH       61900     0     13600
HARMONIC LIGHTWAVES         COM    413160102      270510     63500    SH       53500     0     10000
HARRIS CORP DEL             COM    413875105      133263      3900    SH           0     0      3900
HARTFORD FINCL. SRV         COM    416515104     2435526    150900    SH      125800     0     25100
HATTERAS FINL CORP          COM    41902R103       67932      2700    SH        1100     0      1600
HAYNES INTERNATIONAL        COM    420877201       43450      1000    SH         450     0       550
HCC INS HLDGS INC           COM    404132102      289705     10710    SH           0     0     10710
HEALTHCARE REALTY           COM    421946104       96045      5700    SH        2350     0      3350
HEALTHSOUTH CORP            COM    421924309      476267     31900    SH       26900     0      5000
HEALTHSPRING                COM    42224N101      106463      2920    SH           0     0      2920
HECLA MNG CO                COM    422704106       27068      5050    SH        2150     0      2900
HENRY JACK & ASSOC          COM    426281101     1663452     57400    SH       48300     0      9100
HERSHEY FOODS CORP          COM    427866108      752348     12700    SH       10500     0      2200
HESS CORP.                  COM    42809H107      245512      4680    SH           0     0      4680
HEXAGON AB-B SHS            COM    B1XFTL2         62306      4739    SH           0     0      4739
HEXCEL CORP NEW             COM    428291108     1322952     59700    SH       50300     0      9400
HMS HLDGS                   COM    40425J101      530726     21760    SH        4650     0     17110
HOLLYFRONTIER CORP          COM    436106108       92818      3540    SH           0     0      3540
HONEYWELL INT'L             COM    438516106     2375531     54100    SH       45100     0      9000
HORMEL FOODS CORP           COM    440452100      763855     28270    SH       12300     0     15970
HORSEHEAD HLDG              COM    440694305       87185     11750    SH        4950     0      6800
HOSPIRA INC                 COM    441060100     1746400     47200    SH       39400     0      7800
HUDSON CITY BANCORP         COM    443683107      854094    150900    SH      107500     0     43400
HUMAN GENOME SCIENCE        COM    444903108       30456      2400    SH        1000     0      1400
HUMANA INC.                 COM    444859102      734573     10100    SH        8400     0      1700
HUNTINGTON BANCSHARES       COM    446150104      668640    139300    SH      116100     0     23200
HUNTSMAN CORP               COM    447011107      183053     18930    SH           0     0     18930
HYUNDAI MOBIS               COM    6449544         94502       326    SH           0     0       326
ICF INTL INC.               COM    44925C103      677160     36000    SH       28200     0      7800
ICONIX BRAND GROUP          COM    451055107      382360     24200    SH       18800     0      5400
IDEX CORP.                  COM    45167R104      361456     11600    SH           0     0     11600
IMPERIAL TOBACCO GROUP P    COM    0454492        138853      4100    SH           0     0      4100
IMTECH NV                   COM    5051586         11409       400    SH           0     0       400
INCYTE GENOMICS             COM    45337C102     2355342    168600    SH      139550     0     29050
IND & COMM BK OF CHINA-H    COM    B1G1QD8         69679    142000    SH           0     0    142000
INFORMA PLC                 COM    B3WJHK4         29599      5800    SH           0     0      5800
INFORMATICA CORP            COM    45666Q102      497133     12140    SH        1500     0     10640
ING GROEP NV-CVA            COM    7154182         47940      6700    SH           0     0      6700
INTERACTIVE BROKERS GR      COM    45841N107      387254     27800    SH       23200     0      4600
INTERCONTINENTALEXCH        COM    45865V100     2578068     21800    SH       18200     0      3600
INTERMUNE INC               COM    45884X103      747400     37000    SH       31100     0      5900
INTERNATIONAL POWER PLC     COM    0632016         29631      6200    SH           0     0      6200
INT'L BUSINESS MACH.        COM    459200101     2658024     15200    SH       12700     0      2500
INTL CONSOLIDATED AIRLIN    COM    B5M6XQ7         55093     23100    SH           0     0     23100
INT'L PAPER CO.             COM    460146103     2810925    120900    SH      100700     0     20200
INTL SPEEDWAY CORP          COM    460335201      222004      9720    SH           0     0      9720
INTREPID POTASH INC         COM    46121Y102      192742      7750    SH        3250     0      4500
INTUITIVE SURGICAL INC      COM    46120E602      244067       670    SH           0     0       670
INVESTMENT TECH.            COM    46145F105       84683      8650    SH        3600     0      5050
IPC THE HOSPITALIST CO      COM    44984A105      189157      5300    SH        2200     0      3100
ISHARES RUSSELL 2000 GRO    COM    464287648     4944531     67300    SH           0     0     67300
ISIS PHARMACEUTICALS        COM    464330109      560028     82600    SH       64700     0     17900
ISLE OF CAPRI CASINOS       COM    464592104      157300     32500    SH       27400     0      5100
ITAU UNIBANCO HLDNG-PREF    ADR    465562106       38800      2500    SH           0     0      2500
J2 GLOBAL COMM              COM    46626E205      981850     36500    SH       30800     0      5700
JAKKS PAC INC               COM    47012E106      110857      5850    SH        2500     0      3350
JAMES RIVER COAL CO         COM    470355207      174538     27400    SH       23200     0      4200
JIANGSU EXPRESS CO LTD-H    COM    6005504         56559     74000    SH           0     0     74000
JM SMUCKER CO               COM    832696405      750767     10300    SH        8600     0      1700
JONES LANG LASALLE INC      COM    48020Q107      188588      3640    SH           0     0      3640
JOY GLOBAL INC              COM    481165108      376775      6040    SH           0     0      6040
JS GROUP CORP               COM    6900212        133109      4700    SH           0     0      4700
JULIUS BAER GROUP LTD       COM    B4R2R50         94638      2800    SH           0     0      2800
KANSAI PAINT CO LTD         COM    6483746        116139     12000    SH           0     0     12000
KANSAS CITY SOUTHERN        COM    485170302       95923      1920    SH           0     0      1920
KAYDON CORP.                COM    486587108      774360     27000    SH       22800     0      4200
KBR INC                     COM    48242W106      775064     32800    SH       27400     0      5400
KELLOGG CO                  COM    487836108      393606      7400    SH        6200     0      1200
KENEXA CORP                 COM    488879107       93058      5950    SH        2500     0      3450
KENSEY NASH CORP            COM    490057106      704375     28750    SH       24250     0      4500
KEPPEL CORP LTD             COM    B1VQ5C0         77315     13000    SH           0     0     13000
KEYCORP                     COM    493267108     3156147    532234    SH      418500     0    113734
KIMBERLY CLARK CORP.        COM    494368103     3242032     45656    SH       33100     0     12556
KINDRED HEALTHCARE INC      COM    494580103       66158      7675    SH        6451     0      1224
KINGFISHER PLC              COM    3319521        102972     26600    SH           0     0     26600
KINROSS GOLD CORP           COM    496902404       91636      6200    SH           0     0      6200
KNIGHT CAPITAL GROUP        COM    499005106       70528      5800    SH        2450     0      3350
KNIGHT TRANSPORTATION       COM    499064103      635552     47750    SH       37300     0     10450
KOMATSU LTD                 COM    6496584         85963      3900    SH           0     0      3900
KOREA ELEC POWER CORP-SP    ADR    500631106       27200      3200    SH           0     0      3200
KROGER CO.                  COM    501044101      946476     43100    SH       36000     0      7100
KUEHNE & NAGEL INTL AG-R    COM    B142S60         11317       100    SH           0     0       100
LANDEC CORP                 COM    514766104       93366     17550    SH        7400     0     10150
LANDSTAR SYS INC.           COM    515098101       94944      2400    SH        1000     0      1400
LASALLE HOTEL PPTYS         COM    517942108      209280     10900    SH        4650     0      6250
LAUDER ESTEE COS.           COM    518439104      145814      1660    SH           0     0      1660
LEGG MASON INC.             COM    524901105      174056      6770    SH           0     0      6770
LENNOX INTL INC             COM    526107107       81722      3170    SH           0     0      3170
LEUCADIA NATL CORP          COM    527288104      532980     23500    SH       19600     0      3900
LG ELECTRONICS INC          COM    6520739         61878      1058    SH           0     0      1058
LHC GROUP INC               COM    50187A107      363378     21300    SH       17900     0      3400
LI & FUNG LTD               COM    G5485F169      100620     58500    SH           0     0     58500
LIBERTY MEDIA CORP          COM    530322106       81988      1240    SH           0     0      1240
LIFE TIME FITNESS INC       COM    53217R207      865975     23500    SH       19800     0      3700
LINCOLN NAT'L CORP.         COM    534187109     2922810    187000    SH      155900     0     31100
LITTELFUSE INC              COM    537008104     1672736     41600    SH       35000     0      6600
LIVEPERSON INC              COM    538146101       62187      6250    SH        2650     0      3600
LKQ CORP                    COM    501889208      172260      7130    SH           0     0      7130
LOCKHEED MARTIN             COM    539830109      415500      5720    SH           0     0      5720
LONE PINE RESOURCES         COM    54222A106       35316      5351    SH           0     0      5351
LORILLARD INC.              COM    544147101     2572668     23240    SH       16500     0      6740
LUFKIN INDS INC             COM    549764108      731105     13740    SH        8500     0      5240
M & T BANK CORP.            COM    55261F104     1363050     19500    SH       14000     0      5500
MABUCHI MOTOR CO LTD        COM    6551030        103035      2200    SH           0     0      2200
MACY'S INC.                 COM    55616P104     2989952    113600    SH       94700     0     18900
MADDEN STEVEN LTD           COM    556269108      209947      6975    SH        2850     0      4125
MAGMA DESIGN AUTOMATION     COM    559181102       96687     21250    SH        8900     0     12350
MANHATTAN ASSOCS INC        COM    562750109     1486946     44950    SH       34050     0     10900
MAP PHARMACEUTICALS         COM    56509R108      793135     54250    SH       45750     0      8500
MARATHON OIL                COM    565849106       30427      1410    SH           0     0      1410
MARSH & MCLENNON            COM    571748102     1845225     69500    SH       58000     0     11500
MATTEL INC.                 COM    577081102     2754696    106400    SH       88700     0     17700
MAXIMUS INC.                COM    577933104      628200     18000    SH       13100     0      4900
MCDONALDS CORP.             COM    580135101      386408      4400    SH        3700     0       700
MCGRAW HILL INC.            COM    580645109      914300     22300    SH       18600     0      3700
MCKESSON CORP               COM    58155Q103      428930      5900    SH        4900     0      1000
MCMORAN EXPLORATION CO      COM    582411104      541185     54500    SH       45900     0      8600
MDU RESEARCH GP             COM    552690109      153520      8000    SH        3400     0      4600
MEDASSETS INC               COM    584045108      508369     52900    SH       44600     0      8300
MEDICINES CO                COM    584688105       80352      5400    SH        2250     0      3150
MEDTRONIC INC.              COM    585055106      678096     20400    SH       16700     0      3700
MEN'S WEARHOUSE             COM    587118100     2004248     76850    SH       64750     0     12100
MENTOR GRAPHICS             COM    587200106     1211158    125900    SH      106100     0     19800
MERITAGE CORP               COM    59001A102      141559      9350    SH        3950     0      5400
METROPCS COMMUNICATION      COM    591708102      709022     81450    SH       57100     0     24350
MFA FINANCIAL, INC.         COM    55272X102      346086     49300    SH           0     0     49300
MICHELIN (CGDE)-B           COM    4588364         18197       300    SH           0     0       300
MICROSOFT CORP.             COM    594918104     2635851    105900    SH       88300     0     17600
MICROSTRATEGY INC           COM    594972408     1619794     14200    SH       12000     0      2200
MID-AMER APART CMNTY        COM    59522J103     1044817     17350    SH       14650     0      2700
MILLER HERMAN INC           COM    600544100      500973     28050    SH       23650     0      4400
MODUSLINK GLOBAL SOLUTIO    COM    60786L107       36296     10400    SH        4400     0      6000
MOLSON COORS BREWING B      COM    60871R209      242809      6130    SH           0     0      6130
MONOLITHIC PWR SYS          COM    609839105      333425     32753    SH       27653     0      5100
MONRO MUFFLER BRAKE         COM    610236101      219250      6650    SH        2800     0      3850
MONSTER WORLDWIDE INC       COM    611742107      124932     17400    SH        7350     0     10050
MOODYS CORP                 COM    615369105     2664375     87500    SH       72900     0     14600
MORGAN STANLEY              COM    617446448      175765     13010    SH           0     0     13010
MS&AD INSURANCE GROUP HO    COM    B2Q4CS1         39605      1800    SH           0     0      1800
MSC INDL DIRECT             COM    553530106      146231      2590    SH           0     0      2590
MUELLER INDUSTRIES          COM    624756102     1184713     30700    SH       25800     0      4900
MURPHY OIL CORP.            COM    626717102     1097817     24860    SH       17300     0      7560
MYLAN LABS INC              COM    628530107     2511122    147800    SH      123200     0     24600
NALCO CHEMICAL              COM    62985Q101       87450      2500    SH           0     0      2500
NASDAQ STOCK MKT            COM    631103108     2619448    113200    SH       94400     0     18800
NASH FINCH CO               COM    631158102       74057      2750    SH        1150     0      1600
NATIONAL CINEMEDIA INC      COM    635309107      252474     17400    SH       14700     0      2700
NAT'L OILWELL VARCO         COM    637071101      181318      3540    SH           0     0      3540
NAT'L RETAIL PROPERTIES     COM    637417106      126289      4700    SH        2000     0      2700
NAVIGANT CONSULTING         COM    63935N107      362457     39100    SH       32950     0      6150
NEOPOST SA                  COM    5617096         51693       700    SH           0     0       700
NETGEAR INC                 COM    64111Q104      639483     24700    SH       20800     0      3900
NETLOGIC MICROSYSTEMS       COM    64118B100     2591262     53850    SH       45350     0      8500
NEUTRAL TANDEM INC          COM    64128B108      329120     34000    SH       26400     0      7600
NEWELL RUBBERMAID           COM    651229106     2191202    184600    SH      153900     0     30700
NEWFIELD EXPLORATION        COM    651290108     2528253     63700    SH       53000     0     10700
NEWPORT CORP.               COM    651824104      196742     18200    SH       15300     0      2900
NEXEN INC                   COM    65334H102       85195      5500    SH           0     0      5500
NHN CORP                    COM    6560393        112724       585    SH           0     0       585
NIDEC CORP                  COM    6640682         57304       700    SH           0     0       700
NINTENDO CO LTD             COM    6639550         73689       500    SH           0     0       500
NIPPON TELEGRAPH & TELE-    ADR    654624105      114960      4800    SH           0     0      4800
NISOURCE INC.               COM    65473P105     2700294    126300    SH      105300     0     21000
NOKIA SPON. ADR             ADR    654902204       99616     17600    SH           0     0     17600
NORTHEAST UTILITIES         COM    664397106      444180     13200    SH       11000     0      2200
NORTHERN TRUST CO.          COM    665859104     2198493     62850    SH       46100     0     16750
NORTHROP GRUMMAN            COM    666807102      500832      9600    SH        8000     0      1600
NOVATEL WIRELESS INC        COM    66987M604       54360     18000    SH        7600     0     10400
NOVO NORDISK A/S-B          COM    7077524        120300      1200    SH           0     0      1200
NRG ENERGY                  COM    629377508      138925      6550    SH           0     0      6550
NU SKIN ENTERPRISES         COM    67018T105      893466     22050    SH       18550     0      3500
NUVASIVE INC                COM    670704105      255900     15000    SH       11500     0      3500
NV ENERGY INC               COM    67073Y106     1229756     83600    SH       69700     0     13900
NY COMMUNITY BANCORP        COM    649445103      578340     48600    SH       27500     0     21100
NYSE EURONEXT               COM    629491101      739032     31800    SH       26500     0      5300
OCEANEERING INTL.           COM    675232102      261516      7400    SH        3000     0      4400
OFFICEMAX INC               COM    67622P101      189392     39050    SH       32950     0      6100
OIL STS INTL                COM    678026105      539752     10600    SH        7700     0      2900
OLD DOMINION FGHT LINE      COM    679580100      292597     10100    SH        8500     0      1600
OMEGA HEALTHCARE            COM    681936100      326565     20500    SH       17300     0      3200
OMNICELL INC                COM    68213N109      786838     57100    SH       43150     0     13950
OMNICOM GROUP               COM    681919106     2611956     70900    SH       59100     0     11800
ORACLE SYSTEMS              COM    68389X105     1595070     55500    SH       46300     0      9200
ORBITAL SCIENCES            COM    685564106      436480     34100    SH       26000     0      8100
O'REILLY AUTO               COM    67103H107      363133      5450    SH           0     0      5450
ORION MARINE GROUP          COM    68628V308      269459     46700    SH       35650     0     11050
OSI SYSTEMS INC             COM    671044105      239668      7150    SH        3000     0      4150
OVERSEAS SHPHLDG            COM    690368105       59906      4360    SH           0     0      4360
PACKAGING CORP OF AMERIC    COM    695156109      382120     16400    SH       13700     0      2700
PARAMETRIC TECH             COM    699173209     1920193    124850    SH      105150     0     19700
PAREXEL INTERNATIONAL       COM    699462107      834813     44100    SH       37100     0      7000
PDL BIOPHARMA INC.          COM    69329Y104      518092     93350    SH       78650     0     14700
PEABODY ENERGY              COM    704549104      992684     29300    SH       24400     0      4900
PEDIATRIX MEDICAL           COM    58502B106      162864      2600    SH           0     0      2600
PENN VA CORP                COM    707882106       33141      5950    SH        2550     0      3400
PENNYMAC MTG INVT           COM    70931T103      126405      7950    SH        3350     0      4600
PEPCO HOLDINGS              COM    713291102      406780     21500    SH       17900     0      3600
PEPSICO INC.                COM    713448108     2655510     42900    SH       35800     0      7100
PERKINELMER INC.            COM    714046109       94129      4900    SH        2000     0      2900
PERRIGO CO                  COM    714290103      582660      6000    SH         900     0      5100
PETMED EXPRESS INC          COM    716382106      546300     60700    SH       48900     0     11800
PHH CORP                    COM    693320202      100339      6240    SH           0     0      6240
PHILIP MORRIS INT'L         COM    718172109     3056620     49000    SH       40900     0      8100
PIER 1 IMPORTS INC          COM    720279108       49389      5050    SH        2150     0      2900
PINNACLE WEST CAP.          COM    723484101      637229     14840    SH        5800     0      9040
PIONEER NAT RES CO          COM    723787107     2558453     38900    SH       32400     0      6500
POLARIS INDS. INC.          COM    731068102     2208674     44200    SH       37200     0      7000
POLYCOM INC.                COM    73172K104      220440     12000    SH        5100     0      6900
POOL CORP                   COM    73278L105      934626     35700    SH       30100     0      5600
PORTFOLIO RECOVERY          COM    73640Q105      149328      2400    SH        1000     0      1400
POSCO-ADR                   ADR    693483109       53207       700    SH           0     0       700
POTLATCH CORP               COM    737630103     1520840     48250    SH       38950     0      9300
PPG INDUSTRIES              COM    693506107     2614420     37000    SH       30900     0      6100
PRICELINE COM INC           COM    741503403      301138       670    SH           0     0       670
PROGENICS PHARMACEUTIC      COM    743187106      329189     57350    SH       48300     0      9050
PROGRESS SOFTWARE           COM    743312100      970076     55275    SH       46575     0      8700
PROSPERITY BANCSHARES       COM    743606105      210786      6450    SH        2750     0      3700
PSS WORLD MEDICAL           COM    69366A100     1802619     91550    SH       75550     0     16000
PUBLIC STORAGE INC          COM    74460D109     1180310     10600    SH        8400     0      2200
PUBLICIS GROUPE             COM    4380429         59000      1400    SH           0     0      1400
QEP RESOURCES               COM    74733V100      389808     14400    SH       12000     0      2400
QUAKER CHEM CORP            COM    747316107      207360      8000    SH        6800     0      1200
QUALCOMM INC.               COM    747525103      617601     12700    SH       10500     0      2200
QUALITY SYSTEMS             COM    747582104      549020      5660    SH        3400     0      2260
QUEST SOFTWARE INC          COM    74834T103      299338     18850    SH       15850     0      3000
RADIAN GROUP                COM    750236101       20148      9200    SH        3900     0      5300
RAYONIER INC COM            COM    754907103     1044836     28400    SH       22500     0      5900
RBC BEARINGS INC            COM    75524B104      917730     27000    SH       21100     0      5900
REALTY INCOME CORP          COM    756109104      127348      3950    SH        1650     0      2300
RED ROBIN GOURMET BURG      COM    75689M101      156585      6500    SH        2800     0      3700
REDWOOD TR INC              COM    758075402       50265      4500    SH        1950     0      2550
REGAL BELOIT CORP.          COM    758750103       90760      2000    SH         850     0      1150
REGENERON PHARM.            COM    75886F107     2508420     43100    SH       35300     0      7800
REGIONS FINANCIAL CORP      COM    7591EP100     1106892    332400    SH      277100     0     55300
REINSURANCE GRP OF AMER     COM    759351604      331759      7220    SH           0     0      7220
RENAISSANCERE HOLDINGS L    ADR    G7496G103      102080      1600    SH           0     0      1600
RESOURCES CONNECTION I      COM    76122Q105      291444     29800    SH       25100     0      4700
REVLON INC                  COM    761525609      162008     13150    SH           0     0     13150
REYNOLDS AMERICAN INC       COM    761713106      323452      8630    SH           0     0      8630
RHEINMETALL AG              COM    5334588          4750       100    SH           0     0       100
RIVERBED TECHNOLOGY         COM    768573107     1865661     93470    SH       71600     0     21870
RLI CORP.                   COM    749607107      127160      2000    SH         850     0      1150
ROCK-TENN CO                COM    772739207      934656     19200    SH       16200     0      3000
ROCKWELL INT'L              COM    773903109      148400      2650    SH           0     0      2650
ROCKWOOD HLDGS              COM    774415103       94332      2800    SH           0     0      2800
ROCWELL COLLINS INC         COM    774341101      395700      7500    SH        6300     0      1200
ROPER INDS INC.             COM    776696106      276329      4010    SH           0     0      4010
ROSETTA RESOURCES           COM    777779307      740971     21650    SH       17250     0      4400
ROSS STORES INC             COM    778296103      269906      3430    SH           0     0      3430
ROVI CORP.                  COM    779376102      366619      8530    SH           0     0      8530
ROYAL CARRIBEAN CRUISE      COM    V7780T103       93268      4310    SH           0     0      4310
RPC INC                     COM    749660106     1993080    122125    SH      102825     0     19300
RR DONNELLEY & SONS         COM    257867101      408068     28900    SH       24100     0      4800
RTI INT'L METALS            COM    74973W107      312488     13400    SH       11300     0      2100
RUBY TUESDAY INC            COM    781182100       64440      9000    SH        3800     0      5200
RUDDICK CORP                COM    781258108     1124861     28850    SH       24300     0      4550
SABRA HEALTHCARE REIT       COM    78573L106       41317      4331    SH        1815     0      2516
SAFEWAY INC.                COM    786514208      171289     10300    SH           0     0     10300
SALIX PHARMACEUTICALS       COM    795435106      621600     21000    SH       15600     0      5400
SALLY BEAUTY HLDGS          COM    79546E104     1635930     98550    SH       82950     0     15600
SANKYO CO LTD               COM    6775432         92741      1700    SH           0     0      1700
SANOFI                      COM    5671735        152290      2300    SH           0     0      2300
SAP AG                      COM    4846288         20562       400    SH           0     0       400
SARA LEE CORP               COM    803111103     2199075    134500    SH      112100     0     22400
SASOL LTD                   ADR    803866300       69020      1700    SH           0     0      1700
SAVIENT PHARMACEUTICAL      COM    80517Q100      252150     61500    SH       51800     0      9700
SCHULMAN A INC              COM    808194104      194535     11450    SH        4850     0      6600
SCRIPPS NETWORKS            COM    811065101      330813      8900    SH           0     0      8900
SEMPRA ENERGY               COM    816851109      802885     15590    SH        6600     0      8990
SERCO GROUP PLC             COM    0797379         94635     11900    SH           0     0     11900
SEVEN & I HOLDINGS CO LT    COM    B0FS5D6        107916      3800    SH           0     0      3800
SEVEN BANK LTD              COM    B2NT8S1         31344        16    SH           0     0        16
SHIRE PLC                   COM    B2QKY05        128378      4100    SH           0     0      4100
SHISEIDO CO LTD             COM    6805265        123172      6300    SH           0     0      6300
SIGNATURE BK NEW YORK       COM    82669G104      353128      7400    SH        3100     0      4300
SILGAN HOLDINGS INC         COM    827048109     1396120     38000    SH       32000     0      6000
SIMON PPTY GP               COM    828806109     2320578     21100    SH       16700     0      4400
SK TELECOM LTD              ADR    78440P108       90048      6400    SH           0     0      6400
SM ENERGY COMPANY           COM    78454L100      319625      5270    SH        1500     0      3770
SOCIETE GENERALE            COM    5966516         10733       400    SH           0     0       400
SOLARWINDS INC              COM    83416B109      698034     31700    SH       26700     0      5000
SOLUTIA INC                 COM    834376501       55897      4350    SH        1800     0      2550
SONIC AUTOMOTIVE INC        COM    83545G102      106821      9900    SH        4250     0      5650
SONIC CORP                  COM    835451105      308959     43700    SH       36800     0      6900
SOTHEBYS HLDGS              COM    835898107     1502840     54510    SH       42550     0     11960
SOUTH JERSEY INDS           COM    838518108      915400     18400    SH       15500     0      2900
SOUTHERN COPPER CORP        COM    84265V105      262395     10500    SH           0     0     10500
SOUTHERN UN CO              COM    844030106       48684      1200    SH           0     0      1200
SOUTHWESTERN ENERGY CO      COM    845467109      107322      3220    SH           0     0      3220
SPECTRA ENERGY              COM    847560109      396895     16180    SH           0     0     16180
STANCORP FINL GROUP         COM    852891100      218078      7910    SH           0     0      7910
STANDARD MICROSYSTEMS       COM    853626109      145519      7501    SH        3150     0      4351
STATOIL ASA                 COM    7133608         15856       733    SH           0     0       733
STATOIL ASA                 ADR    85771P102       45255      2100    SH           0     0      2100
STEC INC                    COM    784774101      355250     35000    SH       28300     0      6700
STERICYCLE INC              COM    858912108      235702      2920    SH           0     0      2920
STERIS CORP                 COM    859152100     1937674     66200    SH       55800     0     10400
STIFEL FINL CORP            COM    860630102      621504     23400    SH       19650     0      3750
STONE ENERGY                COM    861642106      483058     29800    SH       25100     0      4700
SUN HEALTHCARE GROUP        COM    86677E100       10208      3781    SH        1615     0      2166
SUNCOR ENERGY INC           COM    867224107       73776      2900    SH           0     0      2900
SUNOCO INC                  COM    86764P109      548877     17700    SH       14800     0      2900
SUNTRUST BANKS INC.         COM    867914103     2270675    126500    SH      105500     0     21000
SUSQUEHANNA BANCSHRS        COM    869099101      161616     29600    SH       12400     0     17200
SWIFT ENERGY CO.            COM    870738101      384572     15800    SH       13300     0      2500
SYKES ENTERPRISES           COM    871237103      259382     17350    SH       13300     0      4050
SYMANTEC CORP.              COM    871503108      392830     24100    SH       20100     0      4000
SYNAPTICS INC               COM    87157D109      812600     34000    SH       28600     0      5400
T ROWE PRICE GP             COM    74144T108      183436      3840    SH           0     0      3840
TAKE-TWO INTERACTIVE        COM    874054109      683700     53750    SH       42050     0     11700
TANGER FACTORY              COM    875465106      528003     20300    SH       17100     0      3200
TCF FINACIAL CORP.          COM    872275102      414948     45300    SH       37800     0      7500
TELECOM ITALIA-RSP          COM    7634402         94806     96400    SH           0     0     96400
TELEFONICA SA               COM    879382109       91200      4800    SH           0     0      4800
TELETECH HOLDINGS           COM    879939106      454152     29800    SH       24200     0      5600
TEMPUR PEDIC INTL           COM    88023U101      121003      2300    SH         950     0      1350
TERADATA CORP.              COM    88076W103      239814      4480    SH           0     0      4480
TESSERA TECHNOLOGIES        COM    88164L100      288948     24200    SH       20500     0      3700
TEVA PHARMACEUTICAL         ADR    881624209       78162      2100    SH           0     0      2100
TEXAS INSTRS INC.           COM    882508104      911430     34200    SH       28500     0      5700
TEXAS ROADHOUSE INC         COM    882681109     1316712     99600    SH       81700     0     17900
THALES SA                   COM    4162791         85312      2700    SH           0     0      2700
THORATEC CORP.              COM    885175307      141984      4350    SH        1850     0      2500
THQ INC.                    COM    872443403      227668    131600    SH      110900     0     20700
TIBCO SOFTWARE INC          COM    88632Q103     1018073     45470    SH       27950     0     17520
TIME WARNER CABLE           COM    88732J207     2563203     40900    SH       34100     0      6800
TIMKEN CO                   COM    887389104      324918      9900    SH        7900     0      2000
TITAN INTL INC ILL          COM    88830M102      471750     31450    SH       22150     0      9300
TITAN MACHY INC             COM    88830R101      330255     18450    SH       12850     0      5600
TJX COMPANIES INC.          COM    872540109      219661      3960       SH        0     0      3960
TORO CO DELA                COM    891092108     1322899     26850       SH    22650     0      4200
TOWER GROUP                 COM    891777104      880110     38500       SH    28750     0      9750
TOYOTA MOTOR CORP           ADR    892331307       88738      1300       SH        0     0      1300
TRACTOR SUPPLY              COM    892356106      549013      8780       SH     2250     0      6530
TRAVELERS COMPANIES         COM    89417E109     2509595     51500       SH    42900     0      8600
TREEHOUSE FOODS INC         COM    89469A104     1471792     23800       SH    18500     0      5300
TRELLEBORG AB-B SHS         COM    4902384         10087      1543       SH        0     0      1543
TRIUMPH GROUP               COM    896818101     1813128     37200       SH    31200     0      6000
TRUE RELIGION APPAREL       COM    89784N104      129408                SH       2,0            2800
TRW AUTOMOTIVE HLDS         COM    87264S106      179033      5470    SH           0     0      5470
TUPPERWARE CORP.            COM    899896104       99419      1850    SH         800     0      1050
TYSON FOOD CL A             COM    902494103     1716904     98900    SH       82500     0     16400
UBS AG                      COM    H89231338       72009      6300    SH           0     0      6300
UGL LTD                     COM    6914871         76718      6900    SH           0     0      6900
ULTA SALON COSMETICS        COM    90384S303     1589976     25550    SH       21050     0      4500
ULTIMATE SOFTWARE GP        COM    90385D107      864320     18500    SH       15600     0      2900
ULTRATECH STEPPER           COM    904034105      102042      5950    SH        2500     0      3450
UNICREDIT SPA               COM    4232445         48560     45100    SH           0     0     45100
UNILEVER PLC                ADR    904767704      106046      3400    SH           0     0      3400
UNITED NAT FOODS            COM    911163103      177792      4800    SH        2000     0      2800
UNITED ONLINE INC           COM    911268100      541566    103550    SH       87250     0     16300
UNITED OVERSEAS BANK LTD    COM    6916781         39137      3000    SH           0     0      3000
UNITED OVERSEAS BANK-SP     ADR    911271302       81152      3200    SH           0     0      3200
UNITED PARCEL SERVICE       COM    911312106     2652300     42000    SH       35000     0      7000
UNITED TECHNOLOGIES         COM    913017109     2772184     39400    SH       32800     0      6600
UNUMPROVIDENT               COM    91529Y106     3282336    156600    SH      117600     0     39000
USA MOBILITY INC            COM    90341G103       83820      6350    SH        2650     0      3700
USEC INC                    COM    90333E108       17307     10750    SH        4500     0      6250
V F CORP.                   COM    918204108     1506848     12400    SH       10300     0      2100
VALASSIS COMM.              COM    918866104      408532     21800    SH       18300     0      3500
VALERO ENERGY NEW           COM    91913Y100     2262291    127238    SH       99000     0     28238
VALUECLICK INC              COM    92046N102     1202788     77300    SH       65100     0     12200
VANDA PHARMACEUTICALS       COM    921659108      219037     44250    SH       37250     0      7000
VEECO INSTRS INC DEL        COM    922417100      502640     20600    SH       17400     0      3200
VENTAS INC                  COM    92276F100      711360     14400    SH       11400     0      3000
VERIFONE HLDGS              COM    92342Y109     1295740     37000    SH       31100     0      5900
VERISIGN INC.               COM    92343E102      174234      6090    SH           0     0      6090
VIACOM - CLASS B            COM    92553P201     2552966     65900    SH       54900     0     11000
VIASAT INC                  COM    92552V100     1012624     30400    SH       25500     0      4900
VIEWPOINT FINL GROUP I      COM    92672A101       49235      4300    SH        1750     0      2550
VIRGIN MEDIA INC            COM    92769L101      399340     16400    SH       13700     0      2700
VIROPHARMA INC              COM    928241108       77701      4300    SH        1750     0      2550
VISHAY INTERTECH.           COM    928298108      139612     16700    SH        7100     0      9600
VOLTERRA SEMICONDUCTOR      COM    928708106     1191375     61954    SH       52254     0      9700
W & T OFFSHORE INC          COM    92922P106     1041632     75700    SH       63700     0     12000
WABCO HOLDINGS              COM    92927K102      145382      3840    SH           0     0      3840
WABTEC CORP                 COM    929740108      132175      2500    SH        1000     0      1500
WACOAL HOLDINGS CORP        COM    6932204        115944      9000    SH           0     0      9000
WAL MART STORES INC.        COM    931142103     3399450     65500    SH       54600     0     10900
WALGREEN                    COM    931422109     2694677     81930    SH       64200     0     17730
WASHASH NAT'L CORP.         COM    929566107       18364      3850    SH        1650     0      2200
WASHINGTON REAL ESTATE      COM    939653101      839764     29800    SH       25100     0      4700
WASTE CONNECTIONS INC       COM    941053100      246209      7280    SH           0     0      7280
WATERS CORP.                COM    941848103      211372      2800    SH           0     0      2800
WATSON PHARM.               COM    942683103     2108925     30900    SH       25800     0      5100
WATTS INDUSTRIES            COM    942749102      706225     26500    SH       22300     0      4200
WEB COM GROUP               COM    94733A104       27920      4000    SH        1700     0      2300
WEBSENSE INC                COM    947684106      247390     14300    SH       12100     0      2200
WERNER ENTERPRISES INC      COM    950755108      549912     26400    SH       22300     0      4100
WEST PHARMACEUTICAL         COM    955306105     1001700     27000    SH       22800     0      4200
WESTAMERICA BANCORPORATI    COM    957090103      153280      4000    SH           0     0      4000
WESTERN DIGITAL CORP        COM    958102105      118826      4620    SH           0     0      4620
WESTERN UNION CO            COM    959802109      394482     25800    SH       21500     0      4300
WEYERHAEUSER CO.            COM    962166104      181452     11669    SH           0     0     11669
WHITING PETE CORP           COM    966387102      982941     28020    SH       19600     0      8420
WILLIAMS COS.               COM    969457100     1404418     57700    SH       48100     0      9600
WINDSTREAM CORP             COM    97381W104     2609600    224000    SH      186700     0     37300
WINTRUST FINANCIAL          COM    97650W108      169313      6560    SH           0     0      6560
WIRECARD AG                 COM    7508927         17002      1100    SH           0     0      1100
WISCONSIN ENERGY            COM    976657106     2994453     95700    SH       79800     0     15900
WMS INDS INC                COM    929297109       45734      2600    SH        1050     0      1550
WOLTERS KLUWER              COM    5671519         86932      5300    SH           0     0      5300
WOODWARD GOVERNER CO.       COM    980745103      865840     31600    SH       24650     0      6950
WORLD FUEL SVCS CORP        COM    981475106       99582      3050    SH        1250     0      1800
WORLEYPARSONS LTD           COM    6562474         86907      3400    SH           0     0      3400
WR BERKLEY CORP             COM    084423102      457226     15400    SH       12800     0      2600
WRIGHT EXPRESS CORP         COM    98233Q105      836880     22000    SH       18500     0      3500
WRIGHT MED GROUP            COM    98235T107      621330     34750    SH       29250     0      5500
XEROX CORP.                 COM    984121103          13         2    SH           0     0         2
YAMADA DENKI CO LTD         COM    6985026         56564       800    SH           0     0       800
ZION BANCORP                COM    989701107      501248     35600    SH       29700     0      5900
ZOLL MED CORP               COM    989922109     1360527     36050    SH       27550     0      8500
ZUMIEZ INC                  COM    989817101      680263     38850    SH       30550     0      8300
ZURICH FINANCIAL SVCS-AD    ADR    98982M107       92356      4400    SH           0     0      4400
SHORT TERM INV FUND                              6223305

</table>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>