<SEC-DOCUMENT>0001034549-12-000001.txt : 20120214
<SEC-HEADER>0001034549-12-000001.hdr.sgml : 20120214
<ACCEPTANCE-DATETIME>20120214151256
ACCESSION NUMBER:		0001034549-12-000001
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120214
DATE AS OF CHANGE:		20120214
EFFECTIVENESS DATE:		20120214

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:		12608450

	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>lettr11c.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:  December 31, 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,		February 14, 2012

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: 	725

FORM 13F INFORMATION TABLE VALUE TOTAL: 	$524,559,480


<table>                            <c>                                          <c>


Paradigm Asset Management Company, LLC
PORTFOLIO APPRAISAL
Form 13F Information Table
December 31, 2011

                                                                   INVSTMT
                        TITLE OF CLASS                             DSCRETN       - VOTING AUTHORITY -
NAME OF ISSUER             (COM)   CUSIP/Sedol   VALUE    SHARES    (SOLE)  (SOLE)  SHARE      NONE
-----------------------------------------------   -----     -----    -----     ----- -----     -----
1 800 FLOWERS               COM    68243Q106       49522     22510    SH           0     0     22510
99 CENTS ONLY STORES        COM    65440K106      987750     45000    SH       43400     0      1600
AALBERTS INDUSTRIES NV      COM    B1W8P14         11794       700    SH           0     0       700
AAR CORP.                   COM    000361105      224289     11700    SH        5000     0      6700
ABBOTT LABS                 COM    002824100     3087251     54904    SH       49304     0      5600
ABM INDUSTRIES INC.         COM    000957100      294866     14300    SH       13800     0       500
ACACIA RESEARCH             COM    003881307     2491807     68250    SH       65850     0      2400
ACE LIMITED                 COM    H0023R105       14024       200    SH           0     0       200
ACME PACKET INC             COM    004764106       55638      1800    SH         700     0      1100
ACORDA THERAPEUTICS         COM    00484M106      622224     26100    SH       25150     0       950
ADTRAN INC.                 COM    00738A106      285313      9460    SH        1700     0      7760
ADVANCE AMERICA CASH ADV    COM    00739W107     1295512    144750    SH      139600     0      5150
ADVANCED ENERGY INDUS.      COM    007973100     1075146    100200    SH       96650     0      3550
ADVISORY BRD CO             COM    00762W107      690153      9300    SH        8950     0       350
AEGION CORP                 COM    00770F104      439491     28650    SH       27650     0      1000
AEROPOSTALE                 COM    007865108       63287      4150    SH        1750     0      2400
AEROVIRONMENT INC           COM    008073108      316273     10050    SH        9700     0       350
AFFILIATED MGRS GP          COM    008252108      294566      3070    SH           0     0      3070
AFLAC INC.                  COM    001055102      527772     12200    SH       11000     0      1200
AGILENT TECHNOLOGIES        COM    00846U101      549099     15720    SH       11500     0      4220
AIR TRANSPORT SERVICES      COM    00922R105       43188      9150    SH        3800     0      5350
AKORN INC                   COM    009728106      357508     32150    SH       31000     0      1150
AKZO NOBEL                  COM    5458314         82447      1700    SH           0     0      1700
ALASKA AIRGROUP             COM    011659109     1603171     21350    SH       20600     0       750
ALASKA COMMUNICATIONS       COM    01167P101      282187     93750    SH       90400     0      3350
ALBEMARLE CORP              COM    012653101      254974      4950    SH           0     0      4950
ALCATEL-LUCENT              COM    5975006         19115     12200    SH           0     0     12200
ALEXION PHARM.              COM    015351109      145145      2030    SH           0     0      2030
ALIGN TECHNOLOGY INC        COM    016255101     2002390     84400    SH       81400     0      3000
ALLEGIANT TRAVEL CO         COM    01748X102      389382      7300    SH        3150     0      4150
ALLIANT TECH SYS            COM    018804104      255505      4470    SH           0     0      4470
ALLSCRIPTS MISYS HEALTHC    COM    01988P108      346223     18280    SH        5700     0     12580
ALTRA HOLDINGS INC          COM    02208R106      173236      9200    SH        3850     0      5350
ALUMINA LTD                 COM    6954985          8458      7400    SH           0     0      7400
AMEDISYS INC                COM    023436108      282023     25850    SH       24950     0       900
AMER MOVIL - ADR L          ADR    02364W105      106220      4700    SH           0     0      4700
AMERICAN AXLE & MFG HL      COM    024061103       29670      3000    SH        1250     0      1750
AMERICAN CAPITAL AGENCY     COM    02503X105      375429     13370    SH           0     0     13370
AMERICAN FINL GP            COM    025932104     1074236     29120    SH       18500     0     10620
AMERICAN WTR WKS CO         COM    030420103      394108     12370    SH           0     0     12370
AMERIGON INC                COM    03070L300       61318      4300    SH        1800     0      2500
AMERIPRISE FINANCIAL        COM    03076C106     3747820     75500    SH       67900     0      7600
AMERISOURCEBERGEN           COM    03073E105     2210201     59430    SH       44400     0     15030
AMETEK AEROSPACE            COM    031100100      274071      6510    SH           0     0      6510
AMKOR TECHNOLOGY            COM    031652100      238710     54750    SH       52800     0      1950
AMPHENOL CORP               COM    032095101      406240      8950    SH           0     0      8950
ANALOGIC CORP.              COM    032657207      271123      4730    SH           0     0      4730
ANGLO ANERN PLC             ADR    03485P201       38115      2100    SH           0     0      2100
ANGLOGOLD ASHANTI LTD       COM    035128206      114615      2700    SH           0     0      2700
ANIXTER INTL                COM    035290105     1449252     24300    SH       23450     0       850
ANNALY CAP MGMT INC         COM    035710409      359419     22520    SH           0     0     22520
ANSYS INC                   COM    03662Q105      615187     10740    SH        1400     0      9340
APOLLO COMMERCIAL REAL E    COM    03762U105       95192      7250    SH        3100     0      4150
APPLE INC.                  COM    037833100     2268000      5600    SH        5000     0       600
APPLIED MATLS INC.          COM    038222105      238940     22310    SH           0     0     22310
APPLIED MICRO CIRCUIT       COM    03822W406      359520     53500    SH       45700     0      7800
ARBITRON INC                COM    03875Q108     1526083     44350    SH       42750     0      1600
ARES CAP CORP               COM    04010L103      144457      9350    SH        4000     0      5350
ARIAD PHARMACEUTICALS       COM    04033A100      390775     31900    SH       30750     0      1150
ARM HOLDINGS PLC            COM    0059585        101202     11000    SH           0     0     11000
ARRIS GROUP                 COM    04269Q100     1576474    145700    SH      140500     0      5200
ARTIO GLOBAL INVESTORS      COM    04315B107       23424      4800    SH        2000     0      2800
ASAHI DIAMOND INDUSTRIAL    COM    6054788         12087      1000    SH           0     0      1000
ASCENDAS REAL ESTATE INV    COM    6563875         97381     69000    SH           0     0     69000
ASPEN TECHNOLOGY            COM    045327103      120582      6950    SH        2950     0      4000
ASSURANT INC                COM    04621X108     3598087     87630    SH       71000     0     16630
ASTRAZENECA PLC             ADR    046353108       97209      2100    SH           0     0      2100
ATLAS COPCO AB-A SHS        COM    B1QGR41         20984       972    SH           0     0       972
ATMEL CORP.                 COM    049513104      118422     14620    SH           0     0     14620
ATMI INC                    COM    00207R101      636954     31800    SH       30650     0      1150
ATMOS ENERGY                COM    049560105      141737      4250    SH        1800     0      2450
AUSTRALIA & NEW ZEALAND     ADR    052528304       97854      4700    SH           0     0      4700
AUXILIUM PHARM              COM    05334D107       77727      3900    SH        1600     0      2300
AVERY DENNISON CORP.        COM    053611109     2383308     83100    SH       74700     0      8400
AVID TECHNOLOGY INC         COM    05367P100       57577      6750    SH        2850     0      3900
AXA SA                      COM    7088429         57375      4400    SH           0     0      4400
AXCELIS TECH                COM    054540109      123490     92850    SH       39200     0     53650
AXIS CAPITAL HDS            COM    G0692U109      115056      3600    SH           0     0      3600
B & G FOODS INC             COM    05508R106      511487     21250    SH       20500     0       750
BALCHEM CORP                COM    057665200      289861      7150    SH        6900     0       250
BALL CORP.                  COM    058498106     2685392     75200    SH       67600     0      7600
BANCO BRADESCO              ADR    059460303       98412      5900    SH           0     0      5900
BANCO BRADESCO SA-PREF      COM    B00FM53         92320      5600    SH           0     0      5600
BANK OF NY MELLON           COM    064058100      212439     10670    SH           0     0     10670
BARCLAYS PLC                ADR    06738E204       39564      3600    SH           0     0      3600
BARD C R INC.               COM    067383109      111150      1300    SH           0     0      1300
BARRICK GOLD                COM    067901108      117650      2600    SH           0     0      2600
BASIC ENERGY SVCS           COM    06985P100      226550     11500    SH       11100     0       400
BAXTER INTL INC.            COM    071813109     2498740     50500    SH       45400     0      5100
BAYERISCHE MOTOREN WERKE    COM    5756029         20157       300    SH           0     0       300
BE AEROSPACE INC.           COM    073302101      431229     11140    SH        2200     0      8940
BEAZER HOMES USA            COM    07556Q105       30380     12250    SH        5250     0      7000
BELGACOM SA                 COM    B00D9P6        100694      3200    SH           0     0      3200
BIO RAD LABS INC [A]        COM    090572207      278516      2900    SH        1200     0      1700
BIOCRYST PHARMACEUTICAL     COM    09058V103       35197     14250    SH        6050     0      8200
BIOGEN IDEC INC             COM    09062X103     2982355     27100    SH       24400     0      2700
BIO-REFERENCE LABS INC      COM    09057G602      152938      9400    SH        4000     0      5400
BLACKBAUD INC               COM    09227Q100      673110     24300    SH       23450     0       850
BLUE COAT SYSTEMS INC       COM    09534T508       92892      3650    SH        1550     0      2100
BLYTH INDS INC              COM    09643P207      241400      4250    SH        4100     0       150
BNP PARIBAS                 COM    7309681         66977      1700    SH           0     0      1700
BOEING CO.                  COM    097023105     1320300     18000    SH       16200     0      1800
BOSTON BEER INC             COM    100557107      303968      2800    SH        2700     0       100
BOSTON PROPERTIES INC       COM    101121101     2270880     22800    SH       19800     0      3000
BOTTOMLINE TECH             COM    101388106      180726      7800    SH        3250     0      4550
BRIDGEPOINT EDUCATION       COM    10807M105     1388050     60350    SH       58200     0      2150
BRIGGS & STRATTON           COM    109043109       68930      4450    SH        1850     0      2600
BRIGHTPOINT INC             COM    109473405       64022      5950    SH        2500     0      3450
BROOKS AUTOMATION INC       COM    114340102     1122511    109300    SH      105400     0      3900
BUCKEYE TECHNOLOGIES        COM    118255108      287584      8600    SH        8300     0       300
CA INC.                     COM    12673P105     1725148     85340    SH       63100     0     22240
CACI INTL INC               COM    127190304     1490268     26650    SH       25700     0       950
CALLAWAY GOLF               COM    131193104       58618     10600    SH        4500     0      6100
CAMPBELL SOUP CO            COM    134429109      392564     11810    SH           0     0     11810
CANADIAN NAT RES LTD        COM    136385101      108373      2900    SH           0     0      2900
CANADIAN NATL RY            COM    136375102       15712       200    SH           0     0       200
CAPELLA EDUCATION COMP      COM    139594105      313635      8700    SH        8400     0       300
CAPITAL ONE FINL            COM    14040H105      507480     12000    SH       10800     0      1200
CARBO CERAMICS              COM    140781105     1451594     11770    SH       10700     0      1070
CARDINAL FINL CORP          COM    14149F109      188487     17550    SH        7350     0     10200
CARDINAL HEALTH INC         COM    14149Y108     2335075     57500    SH       51700     0      5800
CARDTRONICS INC             COM    14161H108     2129622     78700    SH       75900     0      2800
CARLISLE COS.               COM    142339100      117838      2660    SH           0     0      2660
CARREFOUR SA                COM    5641567         59453      2600    SH           0     0      2600
CARRIZO OIL & CO INC        COM    144577103      179180      6800    SH        2900     0      3900
CARTER INC                  COM    146229109     1799412     45200    SH       43600     0      1600
CASH AMER INTL INC          COM    14754D100     1884318     40410    SH       32400     0      8010
CATALYST HEALTH SOLUTION    COM    14888B103      462800      8900    SH        6500     0      2400
CATERPILLAR TRACTOR         COM    149123101     2056620     22700    SH       20400     0      2300
CATHAY GENERAL BANCORP      COM    149150104      341150     22850    SH        9650     0     13200
CBOE HOLDINGS INC           COM    12503M108      374970     14500    SH       13000     0      1500
CBRE GROUP                  COM    12504L109      227995     14980    SH           0     0     14980
CBRL GROUP INC              COM    22410J106      340267      6750    SH        6500     0       250
CBS CORP.                   COM    124857202     4003150    147500    SH      132600     0     14900
CELANESE CORP               COM    150870103      126169      2850    SH           0     0      2850
CENTERPOINT ENERGY INC      COM    15189T107      247709     12330    SH           0     0     12330
CENTRAIS ELEC BRAS-ADR P    ADR    15234Q108       13050       900    SH           0     0       900
CENTURY ALUM CO.            COM    156431108      400821     47100    SH       39700     0      7400
CENTURYLINK INC.            COM    156700106     2678958     72015    SH       58300     0     13715
CF INDUSTRIES HLDGS         COM    125269100       44653       308    SH          71     0       237
CHART INDS INC              COM    16115Q308      440670      8150    SH        3450     0      4700
CHEMED CORP                 COM    16359R103     1118938     21850    SH       21050     0       800
CHEMRING GROUP PLC          COM    B45C9X4         37910      6100    SH           0     0      6100
CHIPOTLE MEXICAN GRILL      COM    169656105      192511       570    SH           0     0       570
CIA PARANAENSE ENER-SP A    ADR    20441B407       88116      4200    SH           0     0      4200
CIA SANEAMENTO BASICO DE    ADR    20441A102      100170      1800    SH           0     0      1800
CIGNA CORP.                 COM    125509109     3202920     76260    SH       65000     0     11260
CINEMARK HOLDINGS INC       COM    17243V102      287519     15550    SH       15000     0       550
CIRRUS LOGIC INC            COM    172755100      243297     15350    SH       14800     0       550
CIT GROUP INC               COM    125581801     1701656     48800    SH       43900     0      4900
CITY NATL CORP              COM    178566105      153746      3480    SH           0     0      3480
CLARCOR INC.                COM    179895107     2529494     50600    SH       48800     0      1800
CLOUD PEAK ENERGY INC       COM    18911Q102      521640     27000    SH       18100     0      8900
CME GROUP                   COM    12572Q105      304587      1250    SH           0     0      1250
CMS ENERGY CORP.            COM    125896100     3141984    142300    SH      127900     0     14400
COACH INC                   COM    189754104      273459      4480    SH           0     0      4480
COCA COLA COMPANY           COM    191216100     1567328     22400    SH       18600     0      3800
COCA COLA WEST CO LTD       COM    6163286        102371      5900    SH           0     0      5900
COCHLEAR LTD                COM    6211798         50849       800    SH           0     0       800
COGENT COMM GROUP           COM    19239V302      270240     16000    SH       15450     0       550
COGNEX CORP.                COM    192422103      332739      9297    SH        8947     0       350
COGNIZANT TECH.             COM    192446102      400651      6230    SH           0     0      6230
COHEN & STEERS INC          COM    19247A100     2044675     70750    SH       68250     0      2500
COINSTAR INC                COM    19259P300     2323076     50900    SH       47750     0      3150
COLGATE PALMOLIVE           COM    194162103      720642      7800    SH        7000     0       800
COMCAST SPL CL A            COM    20030N200     3153741    133860    SH      108500     0     25360
COMERICA INC                COM    200340107     3311946    128370    SH      110500     0     17870
COMPASS GROUP PLC           COM    0533153        115845     12200    SH           0     0     12200
COMPUTER SCIENCES           COM    205363104      611460     25800    SH       23200     0      2600
COMSTOCK RES INC            COM    205768203       53550      3500    SH        1450     0      2050
COMTECH TELECOMM            COM    205826209       91584      3200    SH        1350     0      1850
CONAGRA INC.                COM    205887102      660000     25000    SH       22500     0      2500
CONMED CORP                 COM    207410101       77010      3000    SH        1250     0      1750
CONSTANT CONTACT INC        COM    210313102       74272      3200    SH        1350     0      1850
CONTINENTAL RESOURCES       COM    212015101      211470      3170    SH           0     0      3170
COOPER COMPANIES            COM    216648402      417478      5920    SH        1250     0      4670
COOPER TIRE & RUBR CO       COM    216831107      629749     44950    SH       40550     0      4400
COPART INC                  COM    217204106      230829      4820    SH         750     0      4070
CORN PRODUCTS INTL          COM    219023108      615303     11700    SH       10500     0      1200
COVIDIEN PLC                COM    G2554F113       90020      2000    SH           0     0      2000
CSG SYS INTL                COM    126349109      396434     26950    SH       26000     0       950
CSX CORP.                   COM    126408103     2424006    115100    SH      103500     0     11600
CUBIST PHARMACEUTICALS      COM    229678107     1313403     33150    SH       31950     0      1200
CULLEN FROST BANKERS        COM    229899109      352380      6660    SH           0     0      6660
CVR ENERGY                  COM    12662P108     2562264    136800    SH      131950     0      4850
CYBERONICS INC              COM    23251P102     1387603     41421    SH       39971     0      1450
DAI NIPPON PRINTING CO L    COM    6250906         48089      5000    SH           0     0      5000
DAIMLER AG-REGISTERED SH    COM    D1668R123       70176      1600    SH           0     0      1600
DAKTRONICS INC              COM    234264109      255040     26650    SH       25700     0       950
DANAHER CORP                COM    235851102      691488     14700    SH       13200     0      1500
DARLING INTL INC            COM    237266101       39870      3000    SH        1250     0      1750
DEALERTRACK HLDGS           COM    242309102      731931     26850    SH       25900     0       950
DEERE & CO.                 COM    244199105      448630      5800    SH        5200     0       600
DELHAIZE GROUP - SPONS A    ADR    29759W101       11270       200    SH           0     0       200
DELL COMPUTER               COM    24702R101      309717     21170    SH           0     0     21170
DELPHI FINL. GROUP          COM    247131105      250295      5650    SH        2350     0      3300
DELUXE CORP                 COM    248019101      292466     12850    SH       12400     0       450
DEUTSCHE BANK AG NAMEN      COM    D18190898       68148      1800    SH           0     0      1800
DEUTSCHE LUFTHANSA-REG      COM    5287488         27423      2300    SH           0     0      2300
DIAGEO PLC                  ADR    25243Q205      104904      1200    SH           0     0      1200
DIAMOND FOODS INC           COM    252603105       74221      2300    SH         950     0      1350
DIEBOLD INC                 COM    253651103      168993      5620    SH           0     0      5620
DIGITAL RIVER INC.          COM    25388B104      755506     50300    SH       48500     0      1800
DINEEQUITY INC              COM    254423106      624708     14800    SH       14250     0       550
DISCOVER FINCL SERVICES     COM    254709108     3127440    130310    SH      108900     0     21410
DISCOVERY COMMUNICATNS      COM    25470F302      284635      7550    SH           0     0      7550
DISH NETWORK CORP CL A      COM    25470M109     1238880     43500    SH       39100     0      4400
DOLLAR TREE INC             COM    256746108      401421      4830    SH           0     0      4830
DOMINOS PIZZA INC           COM    25754A201      224070      6600    SH        6300     0       300
DOVER CORP.                 COM    260003108      766260     13200    SH       11900     0      1300
DR PEPPER SNAPPLE GP        COM    26138E109     1366008     34600    SH       31100     0      3500
DRIL-QUIP INC               COM    262037104      315936      4800    SH         900     0      3900
DTE ENERGY CO.              COM    233331107      430155      7900    SH        7100     0       800
DTS INC                     COM    23335C101      145734      5350    SH        2250     0      3100
DUPONT DE NEMOURS           COM    263534109     2870406     62700    SH       56400     0      6300
DUPONT FABROS TECH          COM    26613Q106     1643327     67850    SH       65450     0      2400
DYNEX CAP INC               COM    26817Q506       43824      4800    SH        2050     0      2750
EAGLE MATERIALS INC         COM    26969P108      497804     19400    SH       18700     0       700
EAST WEST BANCORP           COM    27579R104      429957     21770    SH        5150     0     16620
EASTMAN CHEM CO             COM    277432100     2327976     59600    SH       53600     0      6000
EATON CORP.                 COM    278058102     3660873     84100    SH       75600     0      8500
ECOLAB INC                  COM    278865100      360734      6240    SH           0     0      6240
EDF                         COM    B0NJJ17         70774      2900    SH           0     0      2900
EDISON INTERNATIONAL        COM    281020107     3825360     92400    SH       73800     0     18600
EHEALTH INC                 COM    28238P109       62475      4250    SH        1750     0      2500
EL PASO ELEC CO.            COM    283677854      200912      5800    SH        2450     0      3350
EL PASO ENERGY CORP.        COM    28336L109     3937674    148200    SH      132900     0     15300
ELECTRO SCIENTIFIC INDS.    COM    285229100      141904      9800    SH        4100     0      5700
ELI LILLY & CO.             COM    532457108     2234265     53760    SH       37400     0     16360
ELIZABETH ARDEN INC         COM    28660G106      277800      7500    SH        7250     0       250
EMCOR GROUP INC             COM    29084Q100       93835      3500    SH        1450     0      2050
EMERSON ELEC CO.            COM    291011104     2441316     52400    SH       47100     0      5300
ENDO PHARMACEUTICALS        COM    29264F205     1412277     40900    SH       36800     0      4100
ENERGEN CORP                COM    29265N108      480000      9600    SH        8600     0      1000
ENERGY TRANSFER EQUITY      COM    29273V100      400930      9880    SH           0     0      9880
ENPRO INDS INC              COM    29355X107      321555      9750    SH        9400     0       350
ENTEGRIS INC                COM    29362U104      574977     65900    SH       43850     0     22050
ENTERGY CORP.               COM    29364G103      231568      3170    SH           0     0      3170
ENTERTAINMENT PPTYS         COM    29380T105      220735      5050    SH        2100     0      2950
ENTROPIC COMMUNICATION      COM    29384R105      835996    163600    SH      139400     0     24200
EOG RES INC.                COM    26875P101     2078561     21100    SH       19000     0      2100
EQT CORP                    COM    26884L109     2712105     49500    SH       44500     0      5000
EQUITY LIFESTYLE PPTYS      COM    29472R108      376798      5650    SH        5200     0       450
ERSTE GROUP BANK AG         COM    5289837         40561      2300    SH           0     0      2300
ESTERLINE TECHNOLOGIES      COM    297425100      119216      2130    SH           0     0      2130
EURONET WORLDWIDE INC       COM    298736109      145992      7900    SH        3400     0      4500
EVERCORE PARTNERS CL A      COM    29977A105      481822     18100    SH       14200     0      3900
EXPEDITORS INT'L            COM    302130109      285900      6980    SH           0     0      6980
EXPONENT INC                COM    30214U102      314894      6850    SH        6600     0       250
EXXON MOBIL CORP.           COM    30231G102     7789444     91900    SH       82600     0      9300
EZCORP INC                  COM    302301106      555088     21050    SH       20300     0       750
F M C CORP.                 COM    302491303      191869      2230    SH           0     0      2230
F5 NETWORKS INC.            COM    315616102      148568      1400    SH           0     0      1400
FANUC CORP                  COM    6356934        122485       800    SH           0     0       800
FARO TECHNOLOGIES INC       COM    311642102      782000     17000    SH       16400     0       600
FEDERATED INVESTORS B       COM    314211103       82567      5450    SH        2300     0      3150
FEI CO                      COM    30241L109      334803      8210    SH        2300     0      5910
FELCOR LODGING TRUST        COM    31430F101       27907      9150    SH        3800     0      5350
FERRO CORP.                 COM    315405100      727143    148700    SH      143400     0      5300
FIFTH THIRD BANCORP         COM    316773100     3756216    295300    SH      265400     0     29900
FIRST FINL BANKSHARES       COM    32020R109      277469      8300    SH        8000     0       300
FIRST HORIZON NATL          COM    320517105      492800     61600    SH       55400     0      6200
FIRST NIAGARA FINL          COM    33582V108      123495     14310    SH           0     0     14310
FISERV INC.                 COM    337738108      446424      7600    SH           0     0      7600
FLIR SYS INC                COM    302445101      181256      7230    SH           0     0      7230
FMC TECHNOLOGIES            COM    30249U101      239213      4580    SH           0     0      4580
FOREST LABS INC.            COM    345838106     3223295    106520    SH       86000     0     20520
FOREST OIL CORP             COM    346091705      118427      8740    SH           0     0      8740
FORWARD AIR CORP            COM    349853101      961500     30000    SH       28950     0      1050
FOSSIL INC                  COM    349882100      397593      5010    SH        1400     0      3610
FOSTER L B CO               COM    350060109       77797      2750    SH        1150     0      1600
FRANCE TELECOM              ADR    35177Q105       34452      2200    SH           0     0      2200
FRANKLIN RESOURCES          COM    354613101     2286228     23800    SH       21400     0      2400
FRESENIUS MEDICAL CARE A    COM    5129074        109044      1600    SH           0     0      1600
FRONTIER COMMUNICATIONS     COM    35906A108      553882    107550    SH       66600     0     40950
FRPT MCMORAN CPR            COM    35671D857     2155894     58600    SH       51200     0      7400
FTI CONSULTING INC.         COM    302941109      350389      8260    SH           0     0      8260
FUGRO NV-CVA                COM    B096LW7         87420      1500    SH           0     0      1500
FUJIFILM HOLDINGS CORP      COM    6356525         47387      2000    SH           0     0      2000
GAP INC. DEL                COM    364760108     1222445     65900    SH       59200     0      6700
GARTNER GP INC.             COM    366651107      180804      5200    SH        2200     0      3000
GAYLORD ENTMT CO            COM    367905106      107423      4450    SH        1850     0      2600
GAZPROM O A O               ADR    368287207       76903      7200    SH           0     0      7200
GENESEE & WYO INC           COM    371559105      258070      4260    SH           0     0      4260
GENTEX CORP.                COM    371901109      252994      8550    SH        3700     0      4850
GENWORTH FINL INC           COM    37247D106      765040    116800    SH      105000     0     11800
GEOEYE INC                  COM    37250W108      883245     39750    SH       38350     0      1400
G-III APPAREL GROUP LT      COM    36237H101      159424      6400    SH        2700     0      3700
GILEAD SCIENCES INC.        COM    375558103     1796827     43900    SH       39500     0      4400
GLAXOSMITHKLINE PLC         ADR    37733W105      123201      2700    SH           0     0      2700
GLOBE SPECIALTY METALS      COM    37954N206       97077      7250    SH        3100     0      4150
GOLD FIELDS LTD             COM    6280215        112663      7300    SH           0     0      7300
GOODRICH B F CO.            COM    382388106      581390      4700    SH        4200     0       500
GOODRICH PETE CORP          COM    382410405       79634      5800    SH        2450     0      3350
GRAINGER W INC.             COM    384802104      361276      1930    SH           0     0      1930
GRAND CANYON ED INC         COM    38526M106      259350     16250    SH       15650     0       600
GRANITE CONSTRUCTION        COM    387328107       42696      1800    SH         750     0      1050
GREAT LAKES DREDGE & DOC    COM    390607109      239080     43000    SH       41450     0      1550
GREATBATCH TECH             COM    39153L106      203320      9200    SH        3850     0      5350
GREEN MTN COFFEE ROAST      COM    393122106       91045      2030    SH           0     0      2030
GT ADVANCED TECH            COM    36191U106      985002    136050    SH      131200     0      4850
GULF ISLAND FABRICATION     COM    402307102      271653      9300    SH        8950     0       350
GULFMARK OFFSHORE INC       COM    402629208       96623      2300    SH         950     0      1350
GULFPORT ENERGY CORP        COM    402635304     2002600     68000    SH       60250     0      7750
HAEMONETICS CORP.           COM    405024100     2439617     39850    SH       37500     0      2350
HAIN FOOD GROUP INC         COM    405217100       97149      2650    SH        1050     0      1600
HALLIBURTON CO.             COM    406216101     2522681     73100    SH       65100     0      8000
HARMONIC LIGHTWAVES         COM    413160102      266364     52850    SH       50950     0      1900
HARRIS CORP DEL             COM    413875105      140556      3900    SH           0     0      3900
HARTFORD FINCL. SRV         COM    416515104     2379000    146400    SH      131600     0     14800
HATTERAS FINL CORP          COM    41902R103       72517      2750    SH        1150     0      1600
HAYNES INTERNATIONAL        COM    420877201       60060      1100    SH         450     0       650
HCC INS HLDGS INC           COM    404132102      294525     10710    SH           0     0     10710
HEALTHCARE REALTY           COM    421946104      107822      5800    SH        2450     0      3350
HEALTHCARE SVCS GP          COM    421906108      629764     35600    SH       34350     0      1250
HEALTHSPRING                COM    42224N101      159256      2920    SH           0     0      2920
HECLA MNG CO                COM    422704106       27980      5350    SH        2250     0      3100
HENRY JACK & ASSOC          COM    426281101      635229     18900    SH       18250     0       650
HERSHEY FOODS CORP          COM    427866108      759894     12300    SH       11000     0      1300
HESS CORP.                  COM    42809H107      265824      4680    SH           0     0      4680
HEXAGON AB-B SHS            COM    B1XFTL2         71133      4739    SH           0     0      4739
HEXCEL CORP NEW             COM    428291108     1353339     55900    SH       53900     0      2000
HIBBETT SPORTING GDS        COM    428567101     1208565     26750    SH       25800     0       950
HMS HLDGS                   COM    40425J101      710275     22210    SH        4900     0     17310
HOLLYFRONTIER CORP          COM    436106108       82836      3540    SH           0     0      3540
HOME PPTYS N Y INC          COM    437306103     2616556     45450    SH       43850     0      1600
HONEYWELL INT'L             COM    438516106     2853375     52500    SH       47200     0      5300
HORMEL FOODS CORP           COM    440452100      816312     27870    SH       12900     0     14970
HORSEHEAD HLDG              COM    440694305      109471     12150    SH        5150     0      7000
HOSPIRA INC                 COM    441060100     1390946     45800    SH       41200     0      4600
HUDSON CITY BANCORP         COM    443683107      919375    147100    SH      112500     0     34600
HUMAN GENOME SCIENCE        COM    444903108       17736      2400    SH        1000     0      1400
HUMANA INC.                 COM    444859102      858578      9800    SH        8800     0      1000
HUNTINGTON BANCSHARES       COM    446150104      742248    135200    SH      121500     0     13700
HUNTSMAN CORP               COM    447011107      189300     18930    SH           0     0     18930
HYUNDAI MOBIS               COM    6449544         82631       326    SH           0     0       326
ICF INTL INC.               COM    44925C103      734727     29650    SH       25700     0      3950
ICONIX BRAND GROUP          COM    451055107     1029528     63200    SH       58900     0      4300
IDEX CORP.                  COM    45167R104      430476     11600    SH           0     0     11600
IMPERIAL TOBACCO GROUP P    COM    0454492        155153      4100    SH           0     0      4100
IMTECH NV                   COM    5051586         18187       700    SH           0     0       700
INCYTE GENOMICS             COM    45337C102     1576050    105000    SH       97850     0      7150
IND & COMM BK OF CHINA-H    COM    B1G1QD8         84286    142000    SH           0     0    142000
INFORMA PLC                 COM    B3WJHK4         32566      5800    SH           0     0      5800
INFORMATICA CORP            COM    45666Q102      453869     12290    SH        1550     0     10740
ING GROEP NV-CVA            COM    7154182         48358      6700    SH           0     0      6700
INNOPHOS HOLDINGS           COM    45774N108      674984     13900    SH       13400     0       500
INSIGHT ENTERPRISES         COM    45765U103      253814     16600    SH       16000     0       600
INTERACTIVE BROKERS GR      COM    45841N107      403380     27000    SH       24300     0      2700
INTERCONTINENTALEXCH        COM    45865V100     2543605     21100    SH       19000     0      2100
INTERMUNE INC               COM    45884X103      393120     31200    SH       30100     0      1100
INTERNATIONAL POWER PLC     COM    0632016         32490      6200    SH           0     0      6200
INT'L BUSINESS MACH.        COM    459200101     2721424     14800    SH       13300     0      1500
INTL CONSOLIDATED AIRLIN    COM    B5M6XQ7         52916     23100    SH           0     0     23100
INT'L PAPER CO.             COM    460146103     3472080    117300    SH      105400     0     11900
INTL SPEEDWAY CORP          COM    460335201      246402      9720    SH           0     0      9720
INTREPID POTASH INC         COM    46121Y102      178777      7900    SH        3400     0      4500
INTUITIVE SURGICAL INC      COM    46120E602      310216       670    SH           0     0       670
INVESTMENT TECH.            COM    46145F105       95668      8850    SH        3800     0      5050
IPC THE HOSPITALIST CO      COM    44984A105      244602      5350    SH        2250     0      3100
ISIS PHARMACEUTICALS        COM    464330109      503258     69800    SH       60950     0      8850
ITAU UNIBANCO HLDNG-PREF    ADR    465562106       46400      2500    SH           0     0      2500
J2 GLOBAL COMM              COM    48123V102      948318     33700    SH       32500     0      1200
JAKKS PAC INC               COM    47012E106       84660      6000    SH        2550     0      3450
JAZZ PHARMACEUTICALS        COM    472147107      552409     14300    SH       13800     0       500
JIANGSU EXPRESS CO LTD-H    COM    6005504         68125     74000    SH           0     0     74000
JM SMUCKER CO               COM    832696405      781700     10000    SH        9000     0      1000
JONES LANG LASALLE INC      COM    48020Q107      222986      3640    SH           0     0      3640
JOS A BANK CLOTHIERS I      COM    480838101     1643212     33700    SH       32500     0      1200
JOY GLOBAL INC              COM    481165108      452818      6040    SH           0     0      6040
JS GROUP CORP               COM    6900212         90102      4700    SH           0     0      4700
JULIUS BAER GROUP LTD       COM    B4R2R50        110011      2800    SH           0     0      2800
K12 INC                     COM    48273U102      152490      8500    SH        8200     0       300
KANSAI PAINT CO LTD         COM    6483746        107148     12000    SH           0     0     12000
KANSAS CITY SOUTHERN        COM    485170302      130579      1920    SH           0     0      1920
KBR INC                     COM    48242W106      889053     31900    SH       28700     0      3200
KELLOGG CO                  COM    487836108      364104      7200    SH        6500     0       700
KENEXA CORP                 COM    488879107      160200      6000    SH        2550     0      3450
KENSEY NASH CORP            COM    490057106      554591     28900    SH       27850     0      1050
KEPPEL CORP LTD             COM    B1VQ5C0         93240     13000    SH           0     0     13000
KEYCORP                     COM    493267108     3979067    517434    SH      438000     0     79434
KIMBERLY CLARK CORP.        COM    494368103     3270183     44456    SH       34600     0      9856
KINGFISHER PLC              COM    3319521        103636     26600    SH           0     0     26600
KINROSS GOLD CORP           COM    496902404       70680      6200    SH           0     0      6200
KNIGHT CAPITAL GROUP        COM    499005106       70329      5950    SH        2500     0      3450
KNIGHT TRANSPORTATION       COM    499064103      113390      7250    SH        3100     0      4150
KOMATSU LTD                 COM    6496584         91189      3900    SH           0     0      3900
KOREA ELEC POWER CORP-SP    ADR    500631106       35136      3200    SH           0     0      3200
KROGER CO.                  COM    501044101     1014818     41900    SH       37700     0      4200
KUEHNE & NAGEL INTL AG-R    COM    B142S60         11282       100    SH           0     0       100
LANDEC CORP                 COM    514766104      100740     18250    SH        7700     0     10550
LANDSTAR SYS INC.           COM    515098101      115008      2400    SH        1000     0      1400
LASALLE HOTEL PPTYS         COM    517942108      279625     11550    SH        4900     0      6650
LAUDER ESTEE COS.           COM    518439104      186451      1660    SH           0     0      1660
LEGG MASON INC.             COM    524901105      162818      6770    SH           0     0      6770
LENNOX INTL INC             COM    526107107      106987      3170    SH           0     0      3170
LEUCADIA NATL CORP          COM    527288104      518472     22800    SH       20500     0      2300
LG ELECTRONICS INC          COM    6520739         68329      1058    SH           0     0      1058
LHC GROUP INC               COM    50187A107      347693     27100    SH       26150     0       950
LI & FUNG LTD               COM    G5485F169      105300     58500    SH           0     0     58500
LIBERTY MEDIA CORP A        COM    530322106       96782      1240    SH           0     0      1240
LINCOLN NAT'L CORP.         COM    534187109     3524730    181500    SH      163200     0     18300
LITTELFUSE INC              COM    537008104     1534386     35700    SH       34450     0      1250
LIVEPERSON INC              COM    538146101       84712      6750    SH        2850     0      3900
LKQ CORP                    COM    501889208      214470      7130    SH           0     0      7130
LOCKHEED MARTIN             COM    539830109      462748      5720    SH           0     0      5720
LONE PINE RESOURCES         COM    54222A106       37511      5351    SH           0     0      5351
LORILLARD INC.              COM    544147101     2592360     22740    SH       17300     0      5440
LSB INDS INC                COM    502160104      916581     32700    SH       31550     0      1150
LUFKIN INDS INC             COM    549764108     2506624     37240    SH       32400     0      4840
M & T BANK CORP.            COM    55261F104     1450460     19000    SH       14700     0      4300
MABUCHI MOTOR CO LTD        COM    6551030         91642      2200    SH           0     0      2200
MACY'S INC.                 COM    55616P104     3546236    110200    SH       99100     0     11100
MADDEN STEVEN LTD           COM    556269108      504562     14625    SH       10250     0      4375
MAGMA DESIGN AUTOMATION     COM    559181102      597376     83200    SH       68400     0     14800
MANHATTAN ASSOCS INC        COM    562750109     1499784     37050    SH       30650     0      6400
MANTECH INTL CORP           COM    564563104     1134012     36300    SH       35000     0      1300
MAP PHARMACEUTICALS         COM    56509R108      763860     58000    SH       55950     0      2050
MARATHON OIL                COM    565849106       41270      1410    SH           0     0      1410
MARSH & MCLENNON            COM    571748102     2134350     67500    SH       60700     0      6800
MATERION CORP               COM    576690101      350846     14450    SH       13950     0       500
MATTEL INC.                 COM    577081102     2864832    103200    SH       92800     0     10400
MATTHEWS INTL CORP          COM    577128101      249868      7950    SH        7650     0       300
MAXIMUS INC.                COM    577933104      243965      5900    SH        2400     0      3500
MCDONALDS CORP.             COM    580135101      431419      4300    SH        3900     0       400
MCGRAW HILL INC.            COM    580645109      975849     21700    SH       19500     0      2200
MCKESSON CORP               COM    58155Q103      444087      5700    SH        5100     0       600
MDU RESEARCH GP             COM    552690109      182410      8500    SH        3600     0      4900
MEDASSETS INC               COM    584045108      460650     49800    SH       48050     0      1750
MEDICINES CO                COM    584688105      679428     36450    SH       32200     0      4250
MEDTRONIC INC.              COM    585055106      757350     19800    SH       17600     0      2200
MEN'S WEARHOUSE             COM    587118100     1996456     61600    SH       59400     0      2200
MENTOR GRAPHICS             COM    587200106     1444140    106500    SH      102700     0      3800
MERITAGE CORP               COM    59001A102      227262      9800    SH        4100     0      5700
METROPCS COMMUNICATION      COM    591708102      689626     79450    SH       59800     0     19650
MFA FINANCIAL, INC.         COM    55272X102      331296     49300    SH           0     0     49300
MICHELIN (CGDE)-B           COM    4588364         17787       300    SH           0     0       300
MICROSOFT CORP.             COM    594918104     2668688    102800    SH       92400     0     10400
MICROSTRATEGY INC           COM    594972408     1045288      9650    SH        9300     0       350
MID-AMER APART CMNTY        COM    59522J103     2101680     33600    SH       32400     0      1200
MODUSLINK GLOBAL SOLUTIO    COM    60786L107       58860     10900    SH        4600     0      6300
MOLSON COORS BREWING B      COM    60871R209      266900      6130    SH           0     0      6130
MONOLITHIC PWR SYS          COM    609839105      367753     24403    SH       23553     0       850
MONRO MUFFLER BRAKE         COM    610236101      267651      6900    SH        2950     0      3950
MONSTER WORLDWIDE INC       COM    611742107      143929     18150    SH        7600     0     10550
MOODYS CORP                 COM    615369105     2859432     84900    SH       76300     0      8600
MOOG INC. CL A              COM    615394202      289938      6600    SH        6350     0       250
MORGAN STANLEY              COM    617446448      196841     13010    SH           0     0     13010
MS&AD INSURANCE GROUP HO    COM    B2Q4CS1         33361      1800    SH           0     0      1800
MSC INDL DIRECT             COM    553530106      185314      2590    SH           0     0      2590
MUELLER INDUSTRIES          COM    624756102     1738505     45250    SH       43650     0      1600
MURPHY OIL CORP.            COM    626717102     1352252     24260    SH       18100     0      6160
MWI VETERINARY SUPPLY       COM    55402X105      252472      3800    SH        3650     0       150
MYLAN LABS INC              COM    628530107     3077364    143400    SH      128900     0     14500
NASDAQ STOCK MKT            COM    631103108     2693649    109900    SH       98800     0     11100
NASH FINCH CO               COM    631158102       80520      2750    SH        1150     0      1600
NAT'L OILWELL VARCO         COM    637071101      240684      3540    SH           0     0      3540
NAT'L RETAIL PROPERTIES     COM    637417106      125305      4750    SH        2050     0      2700
NEOPOST SA                  COM    5617096         47306       700    SH           0     0       700
NETGEAR INC                 COM    64111Q104      236668      7050    SH        6800     0       250
NEUTRAL TANDEM INC          COM    64128B108      346356     32400    SH       28150     0      4250
NEWELL RUBBERMAID           COM    651229106     2894080    179200    SH      161100     0     18100
NEWFIELD EXPLORATION        COM    651290108     2331714     61800    SH       55500     0      6300
NEWPORT CORP.               COM    651824104      260631     19150    SH       18450     0       700
NEXEN INC                   COM    65334H102       87505      5500    SH           0     0      5500
NHN CORP                    COM    6560393        107148       585    SH           0     0       585
NIDEC CORP                  COM    6640682         60865       700    SH           0     0       700
NINTENDO CO LTD             COM    6639550         68884       500    SH           0     0       500
NIPPON TELEGRAPH & TELE-    ADR    654624105      121584      4800    SH           0     0      4800
NISOURCE INC.               COM    65473P105     2919106    122600    SH      110200     0     12400
NOKIA SPON. ADR             ADR    654902204       84832     17600    SH           0     0     17600
NORDSON CORP                COM    655663102     1589548     38600    SH       37250     0      1350
NORTHEAST UTILITIES         COM    664397106      461696     12800    SH       11500     0      1300
NORTHERN TRUST CO.          COM    665859104     2425209     61150    SH       48200     0     12950
NORTHROP GRUMMAN            COM    666807102      543864      9300    SH        8400     0       900
NOVATEL WIRELESS INC        COM    66987M604       58531     18700    SH        7900     0     10800
NOVO NORDISK A/S-B          COM    7077524        138332      1200    SH           0     0      1200
NRG ENERGY                  COM    629377508      118686      6550    SH           0     0      6550
NUVASIVE INC                COM    670704105       36511      2900    SH        1200     0      1700
NV ENERGY INC               COM    67073Y106     1327620     81200    SH       73000     0      8200
NY COMMUNITY BANCORP        COM    649445103      588812     47600    SH       28800     0     18800
NYSE EURONEXT               COM    629491101      803880     30800    SH       27700     0      3100
OCEANEERING INTL.           COM    675232102      348281      7550    SH        3150     0      4400
OIL STS INTL                COM    678026105      801885     10500    SH        8000     0      2500
OMNICELL INC                COM    68213N109      903644     54700    SH       46200     0      8500
OMNICOM GROUP               COM    681919106     3067104     68800    SH       61800     0      7000
ORACLE SYSTEMS              COM    68389X105     1379970     53800    SH       48400     0      5400
ORBITAL SCIENCES            COM    685564106      485302     33400    SH       28450     0      4950
O'REILLY AUTO               COM    67103H107      435727      5450    SH           0     0      5450
ORION MARINE GROUP          COM    68628V308       61180      9200    SH        3850     0      5350
OSI SYSTEMS INC             COM    671044105      934137     19150    SH       14600     0      4550
OVERSEAS SHPHLDG            COM    690368105       47654      4360    SH           0     0      4360
OXFORD INDS INC             COM    691497309      250416      5550    SH        5300     0       250
PACKAGING CORP OF AMERIC    COM    695156109      401316     15900    SH       14300     0      1600
PAR PHARMACEUTICAL          COM    69888P106      296206      9050    SH        8750     0       300
PAREXEL INTERNATIONAL       COM    699462107      854488     41200    SH       39750     0      1450
PDL BIOPHARMA INC.          COM    69329Y104      536610     86550    SH       83450     0      3100
PEABODY ENERGY              COM    704549104      943635     28500    SH       25600     0      2900
PEDIATRIX MEDICAL           COM    58502B106      187226      2600    SH           0     0      2600
PENN VA CORP                COM    707882106       33327      6300    SH        2600     0      3700
PENNYMAC MTG INVT           COM    70931T103      139608      8400    SH        3500     0      4900
PEPCO HOLDINGS              COM    713291102      422240     20800    SH       18700     0      2100
PEPSICO INC.                COM    713448108     2766795     41700    SH       37500     0      4200
PERKINELMER INC.            COM    714046109       99000      4950    SH        2050     0      2900
PERRIGO CO                  COM    714290103      583800      6000    SH         900     0      5100
PETMED EXPRESS INC          COM    716382106      604635     58250    SH       53100     0      5150
PETROQUEST ENERGY INC       COM    716748108     1090980    165300    SH      159450     0      5850
PHH CORP                    COM    693320202       66768      6240    SH           0     0      6240
PHILIP MORRIS INT'L         COM    718172109     3735648     47600    SH       42800     0      4800
PIER 1 IMPORTS INC          COM    720279108       74525      5350    SH        2250     0      3100
PINNACLE WEST CAP.          COM    723484101      695719     14440    SH        6000     0      8440
PIONEER NAT RES CO          COM    723787107     3373396     37700    SH       33900     0      3800
POLARIS INDS. INC.          COM    731068102     1556244     27800    SH       26800     0      1000
POLYCOM INC.                COM    73172K104      207825     12750    SH        5350     0      7400
POLYONE CORP                COM    73179P106     1037190     89800    SH       86600     0      3200
POOL CORP                   COM    73278L105     1107680     36800    SH       35500     0      1300
PORTFOLIO RECOVERY          COM    73640Q105      162048      2400    SH        1000     0      1400
POSCO-ADR                   ADR    693483109       57470       700    SH           0     0       700
POTLATCH CORP               COM    737630103      132217      4250    SH        1750     0      2500
POWER-ONE INC               COM    73930R102      257864     65950    SH       63600     0      2350
PPG INDUSTRIES              COM    693506107     2997291     35900    SH       32300     0      3600
PRICELINE COM INC           COM    741503403      313365       670    SH           0     0       670
PRICESMART INC              COM    741511109     2181646     31350    SH       30250     0      1100
PROGENICS PHARMACEUTIC      COM    743187106      456890     53500    SH       51600     0      1900
PROGRESS SOFTWARE           COM    743312100      935088     48325    SH       46625     0      1700
PROSPERITY BANCSHARES       COM    743606105      274380      6800    SH        2900     0      3900
PSS WORLD MEDICAL           COM    69366A100     2143234     88600    SH       83400     0      5200
PUBLIC STORAGE INC          COM    74460D109     1358046     10100    SH        8800     0      1300
PUBLICIS GROUPE             COM    4380429         64599      1400    SH           0     0      1400
QEP RESOURCES               COM    74733V100      410200     14000    SH       12600     0      1400
QUAKER CHEM CORP            COM    747316107      645574     16600    SH       16000     0       600
QUALCOMM INC.               COM    747525103      672810     12300    SH       11000     0      1300
QUALITY SYSTEMS             COM    747582104     1948263     52670    SH       47600     0      5070
QUEST SOFTWARE INC          COM    74834T103      253890     13650    SH       13150     0       500
QUESTCOR PHARMACEUTICALS    COM    74835Y101      405405      9750    SH        9400     0       350
RADIAN GROUP                COM    750236101       22932      9800    SH        4100     0      5700
RAVEN INDS INC              COM    754212108      748990     12100    SH       11650     0       450
RAYONIER INC COM            COM    754907103     1200547     26900    SH       23400     0      3500
RBC BEARINGS INC            COM    75524B104      464955     11150    SH        8400     0      2750
REALTY INCOME CORP          COM    756109104      139840      4000    SH        1700     0      2300
RED ROBIN GOURMET BURG      COM    75689M101      192515      6950    SH        2950     0      4000
REDWOOD TR INC              COM    758075402       48355      4750    SH        2000     0      2750
REGAL BELOIT CORP.          COM    758750103      104488      2050    SH         900     0      1150
REGENERON PHARM.            COM    75886F107     2031509     36650    SH       33850     0      2800
REGIONS FINANCIAL CORP      COM    7591EP100     1387180    322600    SH      290000     0     32600
REINSURANCE GRP OF AMER     COM    759351604      377245      7220    SH           0     0      7220
RENAISSANCERE HOLDINGS L    ADR    G7496G103      118992      1600    SH           0     0      1600
REVLON INC                  COM    761525609      195540     13150    SH           0     0     13150
REYNOLDS AMERICAN INC       COM    761713106      357454      8630    SH           0     0      8630
RHEINMETALL AG              COM    5334588          4444       100    SH           0     0       100
RIVERBED TECHNOLOGY         COM    768573107      199045      8470    SH           0     0      8470
RLI CORP.                   COM    749607107      149363      2050    SH         900     0      1150
ROCK-TENN CO                COM    772739207     1338640     23200    SH       22350     0       850
ROCKWELL INT'L              COM    773903109      194430      2650    SH           0     0      2650
ROCKWOOD HLDGS              COM    774415103      110236      2800    SH           0     0      2800
ROCWELL COLLINS INC         COM    774341101      404201      7300    SH        6600     0       700
ROLLINS INC                 COM    775711104     1094335     49250    SH       47500     0      1750
ROPER INDS INC.             COM    776696106      348348      4010    SH           0     0      4010
ROSETTA RESOURCES           COM    777779307      115275      2650    SH        1050     0      1600
ROSS STORES INC             COM    778296103      326055      6860    SH           0     0      6860
ROVI CORP.                  COM    779376102      209667      8530    SH           0     0      8530
ROYAL CARRIBEAN CRUISE      COM    V7780T103      106758      4310    SH           0     0      4310
RR DONNELLEY & SONS         COM    257867101      404040     28000    SH       25200     0      2800
RTI INT'L METALS            COM    74973W107      298248     12850    SH       12400     0       450
RUBY TUESDAY INC            COM    781182100       64860      9400    SH        4000     0      5400
RUDDICK CORP                COM    781258108     2065908     48450    SH       46750     0      1700
SABRA HEALTHCARE REIT       COM    78573L106       56000      4632    SH        1916     0      2716
SAFEWAY INC.                COM    786514208      216712     10300    SH           0     0     10300
SALIX PHARMACEUTICALS       COM    795435106      248820      5200    SH        2200     0      3000
SALLY BEAUTY HLDGS          COM    79546E104     1785485     84500    SH       81500     0      3000
SANKYO CO LTD               COM    6775432         86060      1700    SH           0     0      1700
SANMINA SCI CORP.           COM    800907206      257887     27700    SH       26500     0      1200
SANOFI                      COM    5671735        169440      2300    SH           0     0      2300
SAP AG                      COM    4846288         21211       400    SH           0     0       400
SARA LEE CORP               COM    803111103     2469060    130500    SH      117300     0     13200
SASOL LTD                   ADR    803866300       80580      1700    SH           0     0      1700
SCHULMAN A INC              COM    808194104      256278     12100    SH        5100     0      7000
SCRIPPS NETWORKS            COM    811065101      377538      8900    SH           0     0      8900
SEACOR HOLDINGS INC         COM    811904101      289120      3250    SH        3150     0       100
SEMPRA ENERGY               COM    816851109      846450     15390    SH        6900     0      8490
SERCO GROUP PLC             COM    0797379         87660     11900    SH           0     0     11900
SEVEN & I HOLDINGS CO LT    COM    B0FS5D6        105939      3800    SH           0     0      3800
SEVEN BANK LTD              COM    B2NT8S1         31401     16000    SH           0     0     16000
SHIRE PLC                   COM    B2QKY05        142919      4100    SH           0     0      4100
SHISEIDO CO LTD             COM    6805265        115863      6300    SH           0     0      6300
SIGNATURE BK NEW YORK       COM    82669G104      461923      7700    SH        3300     0      4400
SILGAN HOLDINGS INC         COM    827048109      604716     15650    SH       15100     0       550
SIMON PPTY GP               COM    828806109     2578800     20000    SH       17400     0      2600
SINCLAIR BRDCASTinG GRP     COM    829226109     1022532     90250    SH       87050     0      3200
SIRONA DENTAL SYSTEMS       COM    82966C103     1759398     39950    SH       38550     0      1400
SK TELECOM LTD              ADR    78440P108       87104      6400    SH           0     0      6400
SM ENERGY COMPANY           COM    78454L100      388892      5320    SH        1550     0      3770
SOCIETE GENERALE            COM    5966516          8933       400    SH           0     0       400
SOLUTIA INC                 COM    834376501       76032      4400    SH        1850     0      2550
SONIC AUTOMOTIVE INC        COM    83545G102      156245     10550    SH        4400     0      6150
SONIC CORP                  COM    835451105      248673     36950    SH       35650     0      1300
SOTHEBYS HLDGS              COM    835898107      115831      4060    SH           0     0      4060
SOUTH JERSEY INDS           COM    838518108     1371961     24150    SH       23300     0       850
SOUTHERN COPPER CORP        COM    84265V105      316890     10500    SH           0     0     10500
SOUTHERN UN CO              COM    844030106       50532      1200    SH           0     0      1200
SOUTHWESTERN ENERGY CO      COM    845467109      102846      3220    SH           0     0      3220
SPECTRA ENERGY              COM    847560109      497535     16180    SH           0     0     16180
STANCORP FINL GROUP         COM    852891100      290692      7910    SH           0     0      7910
STANDARD MICROSYSTEMS       COM    853626109      206185      8001    SH        3350     0      4651
STATOIL ASA                 ADR    7133608         25720      1000    SH           0     0      1000
STATOIL ASA                 ADR    85771P102       53781      2100    SH           0     0      2100
STEC INC                    COM    784774101      261565     30450    SH       27750     0      2700
STERICYCLE INC              COM    858912108      227526      2920    SH           0     0      2920
STIFEL FINL CORP            COM    860630102      682665     21300    SH       20550     0       750
STONE ENERGY                COM    861642106      974741     36950    SH       35650     0      1300
STR HOLDINGS                COM    78478V100      318912     38750    SH       37350     0      1400
STURM RUGER & CO            COM    864159108      680911     20350    SH       19650     0       700
SUN HEALTHCARE GROUP        COM    86677E100       15644      4032    SH        1666     0      2366
SUNCOR ENERGY INC           COM    867224107       83607      2900    SH           0     0      2900
SUNOCO INC                  COM    86764P109      705544     17200    SH       15500     0      1700
SUNTRUST BANKS INC.         COM    867914103     2173560    122800    SH      110400     0     12400
SUSQUEHANNA BANCSHRS        COM    869099101      256428     30600    SH       12900     0     17700
SYKES ENTERPRISES           COM    871237103       50112      3200    SH        1350     0      1850
SYMANTEC CORP.              COM    871503108      367775     23500    SH       21100     0      2400
SYNAPTICS INC               COM    87157D109      581895     19300    SH       18600     0       700
T ROWE PRICE GP             COM    74144T108      218688      3840    SH           0     0      3840
TAKE-TWO INTERACTIVE        COM    874054109      363140     26800    SH       21650     0      5150
TANGER FACTORY              COM    875465106      458858     15650    SH       15100     0       550
TCF FINACIAL CORP.          COM    872275102      453048     43900    SH       39500     0      4400
TELECOM ITALIA-RSP          COM    7634402         86597     96400    SH           0     0     96400
TELEFONICA SA               COM    879382109       81576      4800    SH           0     0      4800
TELETECH HOLDINGS           COM    879939106      400140     24700    SH       23600     0      1100
TEMPUR PEDIC INTL           COM    88023U101      123445      2350    SH         950     0      1400
TERADATA CORP.              COM    88076W103      217324      4480    SH           0     0      4480
TESSERA TECHNOLOGIES        COM    88164L100      278050     16600    SH       16000     0       600
TEVA PHARMACEUTICAL         ADR    881624209       84756      2100    SH           0     0      2100
TEXAS INSTRS INC.           COM    882508104      966452     33200    SH       29800     0      3400
TEXAS ROADHOUSE INC         COM    882681109     1273950     85500    SH       79350     0      6150
THALES SA                   COM    4162791         85521      2700    SH           0     0      2700
THORATEC CORP.              COM    885175307      152698      4550    SH        1950     0      2600
TIBCO SOFTWARE INC          COM    88632Q103     1672982     69970    SH       55600     0     14370
TIME WARNER CABLE           COM    88732J207     2523729     39700    SH       35700     0      4000
TIMKEN CO                   COM    887389104      371616      9600    SH        8400     0      1200
TITAN INTL INC ILL          COM    88830M102      201411     10350    SH        4450     0      5900
TITAN MACHY INC             COM    88830R101      147764      6800    SH        2900     0      3900
TJX COMPANIES INC.          COM    872540109      255618      3960    SH           0     0      3960
TORO CO DELA                COM    891092108      467082      7700    SH        7450     0       250
TOWER GROUP                 COM    891777104      835038     41400    SH       35200     0      6200
TOYOTA MOTOR CORP           ADR    892331307       85969      1300    SH           0     0      1300
TRACTOR SUPPLY              COM    892356106      622932      8880    SH        2300     0      6580
TRAVELERS COMPANIES         COM    89417E109     2958500     50000    SH       44900     0      5100
TRAVELZOO INC               COM    89421Q106      288815     11750    SH       11350     0       400
TREEHOUSE FOODS INC         COM    89469A104     1507009     23050    SH       20050     0      3000
TRELLEBORG AB-B SHS         COM    4902384         13448      1543    SH           0     0      1543
TRIMAS CORP                 COM    896215209      221682     12350    SH       11900     0       450
TRIUMPH GROUP               COM    896818101     1510932     25850    SH       24950     0       900
TRUE RELIGION APPAREL       COM    89784N104      169442      4900    SH        2050     0      2850
TRW AUTOMOTIVE HLDS         COM    87264S106      178322      5470    SH           0     0      5470
TUPPERWARE CORP.            COM    899896104      111940      2000    SH         800     0      1200
TYSON FOOD CL A             COM    902494103     1983504     96100    SH       86400     0      9700
UBS AG                      COM    H89231338       74529      6300    SH           0     0      6300
UGL LTD                     COM    6914871         84179      6900    SH           0     0      6900
ULTA SALON COSMETICS        COM    90384S303       77904      1200    SH         450     0       750
ULTRATECH STEPPER           COM    904034105      147420      6000    SH        2550     0      3450
UNICREDIT SPA               COM    B5M1SM3         37586      4510    SH           0     0      4510
UNILEVER PLC                ADR    904767704      113968      3400    SH           0     0      3400
UNITED NAT FOODS            COM    911163103      194048      4850    SH        2050     0      2800
UNITED OVERSEAS BANK LTD    COM    6916781         35329      3000    SH           0     0      3000
UNITED OVERSEAS BANK-SP     ADR    911271302       75392      3200    SH           0     0      3200
UNITED PARCEL SERVICE       COM    911312106     2978833     40700    SH       36600     0      4100
UNITED STATIONERS           COM    913004107     1971508     60550    SH       58400     0      2150
UNITED TECHNOLOGIES         COM    913017109     2792038     38200    SH       34300     0      3900
UNUMPROVIDENT               COM    91529Y106     3213175    152500    SH      123100     0     29400
USA MOBILITY INC            COM    90341G103       88768      6400    SH        2700     0      3700
USEC INC                    COM    90333E108       12540     11000    SH        4750     0      6250
V F CORP.                   COM    918204108     1523880     12000    SH       10800     0      1200
VAALCO ENERGY INC           COM    91851C201      355756     58900    SH       56800     0      2100
VALERO ENERGY NEW           COM    91913Y100     2604684    123738    SH      103600     0     20138
VALUECLICK INC              COM    92046N102      674406     41400    SH       39950     0      1450
VANDA PHARMACEUTICALS       COM    921659108      233002     48950    SH       47200     0      1750
VEECO INSTRS INC DEL        COM    922417100      500240     24050    SH       23200     0       850
VENTAS INC                  COM    92276F100      755281     13700    SH       11900     0      1800
VERISIGN INC.               COM    92343E102      217534      6090    SH           0     0      6090
VIACOM - CLASS B            COM    92553P201     2901699     63900    SH       57400     0      6500
VIASAT INC                  COM    92552V100     1037700     22500    SH       21700     0       800
VIEWPOINT FINL GROUP I      COM    92672A101       56593      4350    SH        1800     0      2550
VIRGIN MEDIA INC            COM    92769L101      339942     15900    SH       14300     0      1600
VIROPHARMA INC              COM    928241108      435501     15900    SH       12950     0      2950
VISHAY INTERTECH.           COM    928298108      157774     17550    SH        7350     0     10200
VOLTERRA SEMICONDUCTOR      COM    928708106     1285724     50204    SH       48404     0      1800
W & T OFFSHORE INC          COM    92922P106     2091306     98600    SH       95100     0      3500
WABCO HOLDINGS              COM    92927K102      166656      3840    SH           0     0      3840
WABTEC CORP                 COM    929740108      174875      2500    SH        1000     0      1500
WACOAL HOLDINGS CORP        COM    6932204        119547      9000    SH           0     0      9000
WAL MART STORES INC.        COM    931142103     3794760     63500    SH       57100     0      6400
WALGREEN                    COM    931422109     2632567     79630    SH       67200     0     12430
WASHASH NAT'L CORP.         COM    929566107       33712      4300    SH        1750     0      2550
WASHINGTON REAL ESTATE      COM    939653101     1855697     67850    SH       65450     0      2400
WASTE CONNECTIONS INC       COM    941053100      241259      7280    SH           0     0      7280
WATERS CORP.                COM    941848103      207340      2800    SH           0     0      2800
WATSON PHARM.               COM    942683103     1810200     30000    SH       27000     0      3000
WEB COM GROUP               COM    94733A104       49235      4300    SH        1750     0      2550
WERNER ENTERPRISES INC      COM    950755108      442235     18350    SH       17700     0       650
WEST PHARMACEUTICAL         COM    955306105     1605285     42300    SH       40800     0      1500
WESTAMERICA BANCORP         COM    957090103      759470     17300    SH       12850     0      4450
WESTERN DIGITAL CORP        COM    958102105      142989      4620    SH           0     0      4620
WESTERN REFNG INC           COM    959319104      758859     57100    SH       55050     0      2050
WESTERN UNION CO            COM    959802109      456500     25000    SH       22500     0      2500
WEYERHAEUSER CO.            COM    962166104      217860     11669    SH           0     0     11669
WHITING PETE CORP           COM    966387102     1275570     27320    SH       20500     0      6820
WILLIAMS COS.               COM    969457100     1849120     56000    SH       50300     0      5700
WINDSTREAM CORP             COM    97381W104     2552276    217400    SH      195400     0     22000
WINTRUST FINANCIAL          COM    97650W108      184008      6560    SH           0     0      6560
WIRECARD AG                 COM    7508927         17735      1100    SH           0     0      1100
WISCONSIN ENERGY            COM    976657106     3247784     92900    SH       83500     0      9400
WMS INDS INC                COM    929297109       54378      2650    SH        1100     0      1550
WOLTERS KLUWER              COM    5671519         91884      5300    SH           0     0      5300
WOODWARD GOVERNER CO.       COM    980745103      196464      4800    SH        2050     0      2750
WORLD ACCEP CORP            COM    981419104      297675      4050    SH        3900     0       150
WORLD FUEL SVCS CORP        COM    981475106      128039      3050    SH        1250     0      1800
WORLEYPARSONS LTD           COM    6562474         89477      3400    SH           0     0      3400
WPX ENERGY INC.             COM    98212B103      339106     18663    SH       16763     0      1900
WR BERKLEY CORP             COM    084423102      512411     14900    SH       13400     0      1500
XEROX CORP.                 COM    984121103          15         2    SH           0     0         2
YAMADA DENKI CO LTD         COM    6985026         54484       800    SH           0     0       800
ZION BANCORP                COM    989701107      563288     34600    SH       31100     0      3500
ZOLL MED CORP               COM    989922109     1945944     30800    SH       26000     0      4800
ZUMIEZ INC                  COM    989817101      725924     26150    SH       22300     0      3850
ZURICH FINANCIAL SVCS-AD    ADR    98982M107       99792      4400    SH           0     0      4400
CASH AND EQUIVALENTS                             8158146


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