-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VsnzTWBbX5FeeIPRALERfgBWWyuwCku0FnvJExRQBKHJT7zurCIrqRM59WQZcmY9 EB9rZ2qYYDnL9I1f5mfyHw== 0001039565-99-000012.txt : 19990728 0001039565-99-000012.hdr.sgml : 19990728 ACCESSION NUMBER: 0001039565-99-000012 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990630 FILED AS OF DATE: 19990727 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAHN THOMAS GRAHAM CENTRAL INDEX KEY: 0001039565 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132948997 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: SEC FILE NUMBER: 028-04201 FILM NUMBER: 99671067 BUSINESS ADDRESS: STREET 1: KHAN BROTHERS & CO INC STREET 2: 555 MADISON AVENUE 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129805050 MAIL ADDRESS: STREET 1: KAHN BROTHERS & CO INC STREET 2: 555 MADISON AVENUE 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR/A 1 FORM 13F Report for the Calendar Year or Quarter Ended: June 30, 1999 This Amendment (Check only one.): X is a restatement adds new holding entries. Institutional Investment Manager Filing this Report: Name: Kahn Brothers & Co., Inc. Address: 555 Madison Ave., 22nd Floor, NY, NY, 10022 Form 13F File Number: 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: Kenneth Rodwogin Title: Vice President Phone: (212) 980-5050 Signature, Place, and Date of Signing: [Signature]/s/ Kenneth Rodwogin [City, State] New York, NY [Date] July 27,1999 Report Type (Check only one.): 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) X 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 298 Form 13F Information Table Value Total: $409,954,094 Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entires.] NONE KAHN BROTHERS & CO. INC. FORM 13F June 30, 1999 INVEST VOTING DISCR. AUTH SECURITY CLASS CUSIP MARKET QTY SOLE NONE VALUE COMMON STOCK ABBOTT LABORATORIES COM 2824100 244,118 5,380 x 5,380 ACX TECH. COM 51231044 218,791 13,464 x 13,464 ADVANCED MARKETING COM 00753T105 14,361,285 957,419 x 957,419 AEGON NV ADR COM 7924103 45,250 612 x 612 AETNA LIFE & CASUALTY COM 008140105 146,678 1,640 x 1,640 AFFILIATED COMP.SVC . COM 8190100 1,248,413 24,660 x 24,660 ALBERMERMARLE CORP COM 12653101 371,156 16,050 x 16,050 ALCOA COM 22249106 37,125 600 x 600 ALEXANDER & BALDWIN COM 014482103 118,481 5,325 x 5,325 ALLIED IRISH BANKS COM 19228402 98,100 3,600 x 3,600 ALLERGAN INC. COM 18490102 44,400 400 x 400 ALLSTATE CORP COM 20002101 1,179,148 32,868 x 32,868 ALLSTATE FIN'L SVCS. COM 020011102 66,300 31,200 x 31,200 ALLSTATE 7.125% PFD 20002200 304,369 12,455 x 12,455 AMCAST INDUSTRIAL COM 023395106 601,116 36,850 x 36,850 AMEREN CORP COM 23608102 38,375 1,000 x 1,000 AMERICAN ELECTRIC PWR COM 02553701 25,054 667 x 667 AMERICAN EXPRESS COM 025816109 256,606 1,972 x 1,972 AMERICAN HOME PDTS. COM 022609107 11,772,749 205,190 x 205,190 AMERICA ONLINE COM 23645104 110,000 1,000 x 1,000 AMERICAN TEL & TEL COM 030177109 18,907,447 338,765 x 338,765 AT & T CAP. 8.25% PFD 00206J209 139,219 5,500 x 5,500 AMERITECH CORP. COM 030954101 324,870 4,420 x 4,420 ABN AMRO 7.5 % PFD 00371Q202 175,175 7,150 x 7,150 ANNALY MORT/ COM 35710409 1,116,563 99,250 x 99,250 APEX MORT. CAPITAL INC COM 37564101 57,244 4,300 x 4,300 ARCHER DANIELS MIDLAND COM 039483102 466,263 30,203 x 30,203 ARCHSTONE COMM. TR. COM 39581103 386,100 17,600 x 17,600 ARTIC CAT INC COM 39670104 251,144 28,100 x 28,100 ASHLAND OIL CO. COM 044540102 512,597 12,775 x 12,775 ASTORIA FIN'L COM 46265104 1,347,403 30,667 x 30,667 AUSTRALIA & N.ZEALAND PFD 052528403 312,728 11,450 x 11,450 AUSTRALIA & N.ZEALAND PFD 1824101 590,538 23,800 x 23,800 BAKER FENTRESS CO. COM 057213100 1,094,554 57,608 x 57,608 BANKAMERICA COM 66050105 66,348 905 x 905 BANK OF NY PRC PFD 96564208 666,094 26,250 x 26,250 BASSETT FURNITURE COM 70203104 186,431 8,150 x 8,150 BCE INC. COM 05534B109 5,641,394 114,400 x 114,400 BELL ATLANTIC COM 77853109 339,558 5,194 x 5,194 BELLSOUTH CORP COM 79860102 432,376 9,374 x 9,374 BRISTOL MYERS SQUIBB COM 110122108 5,169,429 73,390 x 73,390 BANCO SANTANDER COM 059574202 50,700 4,800 x 4,800 BP AMOCO COM 55622104 456,0266 4,203 x 4,203 BURLINGTON RESOURCES COM 122014103 248,688 5,750 x 5,750 CABOT CORP COM 127055101 781,498 32,310 x 32,310 CANADIAN PACIFIC COM 136440302 288,131 12,100 x 12,100 CARDINAL FIN'L CORP COM 14149F109 58,000 8,000 x 8,000 CARLTON COMM. 8% PFD G19068140 553,125 22,125 x 22,125 CATELIUS DEV. COM 149111106 45,750 3,000 x 3,000 CBS CORP. COM 12490K107 26,138 600 x 600 CENTRIS GROUP COM 155904105 10,598,891 1,046,804 x 1,046,804 CFS BANCORP COM 12525D102 5,405,247 494,175 x 494,175 CHEVRON CORP COM 166751107 447,935 4,712 x 4,712 CHARTER ONE FIN'L COM 160903100 7,280,651 261,772 x 261,772 CITIGROUP COM 172967101 317,276 6,679 x 6,679 CISCO SYS INC COM 17275R102 138,541 2,150 x 2,150 CLASSIC BANCSHARES COM 18272M104 378,000 27,000 x 27,000 CLAYTON HOMES COM 184190106 331,402 28,975 x 28,975 CLEVELAND CLIFFS COM 1858961077 934,828 28,875 x 28,875 COMMERCIAL NET LEASE COM 202218103 838,806 65,150 x 65,150 COMMONWEALTH BANC COM 20268X102 425,119 23,700 x 23,700 COMMUNITY BANK. OF VA. COM 203631106 221,025 8,841 x 8,841 COLGATE PALMOLIVE COM 194162103 301,410 3,060 x 3,060 COLUMBIA GAS SYS. COM 197648108 671,388 10,710 x 10,710 CONAGRA INC COM 205887102 170,906 6,419 x 6,419 COOPER TIRE & RUBBER COM 216831107 696,938 29,500 x 29,500 CORNING INC. COM 219350105 1,272,769 18,150 x 18,150 CRAZY WOMAN CREEK COM 225233105 890,625 75,000 x 75,000 CYPRUS AMAX MINERALS COM 232809103 231,038 15,150 x 15,150 CRONOS GROUP COM L20708100 129,020 32,255 x 32,255 CSX CORP COM 126408403 27,225 600 x 600 DAMEN FIN'L COM 235906104 833,920 45,850 x 45,850 DEBEERS COM 240253302 6,481,418 271,473 x 271,473 DEERE & CO. COM 244199105 189,080 4,825 x 4,825 DETROIT DIESEL COM 250837101 49,250 2,000 x 2,000 DEUTSCHE BK. COM 251525200 123,500 2,000 x 2,000 DIME COMM.BANC. COM 253922108 4,479,345 192,660 x 192,660 DORAL FIN'L COM 25811P110 207,000 12,000 x 12,000 DUFFS & PHELP UTIL.BD COM 26432K108 33,350 2,300 x 2,300 E.I. DUPONT DE NEMOURS COM 263534109 229,052 3,353 x 3,353 DUKE ENERGY CORP COM 264399106 65,325 1,200 x 1,200 DT INDS COM 23333J108 176,400 19,200 x 19,200 EASTMAN KODAK COM 277461109 54,200 800 x 800 EDO CORP. COM 281347104 158,775 21,900 x 21,900 ELEC. DATA SYS COM 285661104 450,169 7,950 x 7,950 EMERSON ELECTRIC COM 291011104 62,938 1,000 x 1,000 ENGELHARD CORP COM 292845104 511,325 22,600 x 22,600 ETHYL CORP COM 297659104 1,324,800 220,800 x 220,800 EQUITABLE COMPANIES INC COM 29444G107 50,250 750 x 750 EXCEL TECHNOLOGY INC COM 30067I103 49,423 3,730 x 3,730 EXXON CORP. COM 302290101 1,673,458 21,698 x 21,698 FEDERAL NAT'L MTGE. COM 313586109 854,422 12,519 x 12,519 FED.REALTY INVT. TR. COM 313747206 662,894 28,900 x 28,900 FFY FIN'L COM 302424108 2,691,750 145,500 x 145,500 FIDELITY FIN'L OF OHIO COM 31614P107 745,200 62,100 x 62,100 FIRST AUSTRALIA FND INC COM 318652104 24,130 3,040 x 3,040 FIRST DEFIANCE FIN CORP COM 32006W106 976,500 86,800 x 86,800 FIRST PLACE FIN'L COM 33610T109 2,674,507 217,210 x 217,210 FIRST UNION CORP. COM 337358105 484,351 10,278 x 10,278 FLUSHING FINANCIAL CORP COM 343873105 4,614,806 300,150 x 300,150 F&M NATIONAL CORP COM 302374103 327,362 9,864 x 9,864 FREEPORT MCMORAN PFD 35671D600 39,844 2,500 x 2,500 FREEPORT MCMO COP PFD 35671D501 58,125 3,100 x 3,100 FRESH DEL MONTE COM G36738105 551,581 39,050 x 39,050 FRANCE GROWTH FD. COM 35177K108 154,124 11,209 x 11,209 GTE CORP COM 362320103 153,265 2,030 x 2,030 GATX CORP. COM 361448103 2,598,180 68,260 x 68,260 GENERAL ELECTRIC COM 369604103 1,996,484 17,668 x 17,668 GENERAL MOTORS COM 370442105 295,416 4,476 x 4,476 GERMANY FUND COM 374143105 46,514 3,293 x 3,293 GLAXO HOLDINGS COM 377327309 147,225 2,600 x 2,600 GREAT LAKE CHEM. COM 390568103 87,519 1,900 x 1,900 GREEN POINT FINANCIALS COM 395384100 1,219,987 37,180 x 37,180 GUILFORD PHARMACEUT. COM 401829106 82,875 6,500 x 6,500 GUARANTY FIN'L CORP. COM 401086103 261,625 23,000 x 23,000 HAGGAR COM 405173105 10,152,871 773,552 x 773,552 HARBOR FED.BANC. COM 41151A108 10,230 660 x 660 HARTFORD FIN SVCS PFD 416315208 407,738 16,600 x 16,600 HARTFORD CAP SER B PFD 416320208 313,875 12,400 x 12,400 HEILIG-MEYERS COM 422893107 126,031 18,500 x 18,500 HELMERICH PAYNE COM 423452101 172,463 7,300 x 7,300 HERITAGE BANK (VA) COM 42721D101 117,413 30,300 x 30,300 HERMAN MILLER INC COM 60054410 3,359,475 159,975 x 159,975 H & Q HEALTHCARE COM 404052102 1,470,269 100,963 x 100,963 H & Q LIFE SCIENCE COM 404053100 1,031,760 82,541 x 82,541 HERSHEY FOODS COM 427866108 65,313 1,100 x 1,100 HIGHLANDS CAP TR PFD 431008200 386,250 15,000 x 15,000 HIGHLANDS INS.GROUP COM 431032101 360,150 34,300 x 34,300 HOLOGIC COM 436440101 2,804,906 498,650 x 498,650 HOUSEHOLD INT'L COM 441815107 85,275 1,800 x 1,800 HONG KONG TELECOMM COM 438579203 27,099 1,004 x 1,004 HUBCO COM 404382103 3,316,306 105,699 x 105,699 HUDSON RIVER COM 444128102 7,520,601 676,009 x 676,009 IBM COM 459200101 17,343,474 137,095 x 137,095 ICN PHARM. COM 448924100 17,703 550 x 550 IMCO RECYCLING INC COM 449681105 871,663 50,900 x 50,900 IMPERIAL SUGAR CORP COM 453096109 7,553,101 1,088,667 x 1,088,667 INT'L MULTIFOODS CORP. COM 460043102 593,416 26,300 x 26,300 INTEL CORP. COM 458140100 285,600 4,800 x 4,800 IRT PROPERTY CO. COM 450058102 822,133 83,254 x 83,254 JSB FIN'L COM 46624M100 7,932,481 155,921 x 155,921 JEFFERSON PILOT COM 475070108 690,005 10,425 x 10,425 JOHNSON & JOHNSON COM 478160104 1,060,360 10,820 x 10,820 JP MORGAN & CO INC. COM 616880100 59,010 420 x 420 KEYCORP COM 493267108 334,100 10,400 x 10,400 KIMCO RALTY CORP PFD 49446R604 606,234 23,950 x 23,950 KLEINWORT BENSON COM 498577105 1,032,581 152,975 x 152,975 KLAMATH FIRST BANCORP COM 49842P103 123,000 8,200 x 8,200 KOGER EQUITY INC. COM 500228101 123,513 6,699 x 6,699 LANCHILE COM 501723100 61,094 8,500 x 8,500 LATIN AMER. FUND COM 518279104 565,875 50,300 x 50,300 LAFARGE CORP. COM 505862102 854,044 24,100 x 24,100 LANDMARK SVGS. BK. COM 514928100 2,197,377 116,801 x 116,801 LEHMAN BROS. HOLDINGS COM 524908100 74,550 1,200 x 1,200 LINCOLN NATL CORP PFD 534178207 176,313 7,000 x 7,000 LORAL SPACE COM G56462107 1,167,300 64,850 x 64,850 LUCENT COM 549463107 637,152 9,448 x 9,448 M.A. HANNA COM 410522106 1,533,860 93,315 x 93,315 MANPOWER INC COM 56418H100 31,675 1,400 x 1,400 MARATHON FINANCIAL COM 56580P104 135,000 20,000 x 20,000 MARION CAPITAL HLDG COM 568635106 12,450 600 x 600 MARITRANS INC. COM 570363101 5,040,777 896,138 x 896,138 MARRIOTT INT'L COM 571900109 149,575 4,002 x 4,002 MASCO CORP. COM 574599106 355,163 12,300 x 12,300 MASON-DIXON CAP PFD 57520R200 252,875 8,500 x 8,500 MAXXAM CORP. COM 577913106 2,757,569 42,753 x 42,753 MCI CAPITAL PFD 552674206 260,000 10,400 x 10,400 MEDIAONE GROUP INC COM 58440J104 89,250 1,200 x 1,200 MELLON BANK COM 585509102 98,213 2,700 x 2,700 MERCK COM 589331107 785,064 10,663 x 10,663 MERCHANTS GROUP COM 588539106 3,507,841 156,775 x 156,775 MERRILL LYNCH& CO PFD 590188819 107,844 3,500 x 3,500 MERRILL LYNCH CAP PFD 59021C203 209,353 8,150 x 8,150 MICROSOFT COM 594918104 72,150 800 x 800 MIDLAND BK PLC 9.55% PFD 597433853 25,750 1,000 x 1,000 MINE SAFETY APPLIANCE COM 602720104 1,526,400 23,850 x 23,850 MINN. MINING & MFG. COM 604059105 79,983 920 x 920 MISSISSIPPI CHEMICAL COM 605288208 8,616,929 878,121 x 878,121 MORGAN STAN. AFR.FD. COM 617444104 127,069 12,550 x 12,550 ML CAP 7.28 PFD 59021K205 152,734 6,250 x 6,250 MOBIL CORP. COM 607059102 649,676 6,579 x 6,579 MOORE PRODUCTS COM 615836103 440,410 19,200 x 19,200 MONTEREY BAY BANCORP. COM 61239H107 4,697,860 318,499 x 318,499 MONY GROUP COM 615337102 13,043,823 399,780 x 399,780 MORTON INDL GROUP INC COM 619328107 171,875 25,000 x 25,000 MOTOROLA INC. COM 620076109 287,093 3,030 x 3,030 NALCO CHEMICAL CO. COM 629853102 522,641 10,075 x 10,075 NESTLE SA-SPONSORED COM 641069406 18,050 200 x 200 NAT'L AUST BK COM 632525408 436,128 5,192 x 5,192 NAT'L WEST. 8.75% PFD PFD 638539700 155,625 6,000 x 6,000 NAT'L WEST. 7.875% PFD PFD 638539809 393,269 15,575 x 15,575 NAT'L RURAL UTIL. PFD 637432204 2,046,247 82,055 x 82,055 NATIONWIDE HEALTH PROP COM 638620104 61,000 3,200 x 3,200 NEXTEL COMM CORP COM 65332V103 163,109 3,250 x 3,250 NEW GERMANY FD. COM 644465106 723,864 59,394 x 59,394 NEW YORK MAGIC COM 629484106 745,625 47,720 x 47,720 NORDSON CORP. COM 655663102 1,255,625 20,500 x 20,500 NORFOLK & SOUTHERN COM 655844108 18,075 600 x 600 NORTHWEST PIPE CO COM 667746101 230,256 13,850 x 13,850 NOVARTIS ADR COM 66987V109 10,729,835 146,610 x 146,610 OAKWOOK HOMES COM 674098108 221,813 16,900 x 16,900 OCCIDENTAL PETE CORP. COM 674599105 507,380 24,018 x 24,018 OFFSHORE LOGISTICS COM 676255102 2,190,012 196,855 x 196,855 OLSTEN CORP. COM 681385100 576,931 91,395 x 91,395 OLD REPUBLIC COM 680223104 7,600,801 439,025 x 439,025 PACIFIC CORP. COM 695114108 294,000 16,000 x 16,000 PALL CORP PV COM 696429307 374,969 16,900 x 16,900 PETROLEUM HELO. COM 716604202 907,725 74,100 x 74,100 PEOPLESOFT INC. COM 712713106 37,950 2,200 x 2,200 PFIZER INC. COM 717081103 1,111,800 10,200 x 10,200 PHOENIX INVESTMENT COM 719085102 65,550 7,600 x 7,600 PNC BANK CORP. COM 693475105 92,200 1,600 x 1,600 POST PROPERTIES COM 737464107 401,800 9,800 x 9,800 POCAHONTAS BANCORP COM 730234101 56,250 7,500 x 7,500 PP & L RESOURCES COM 693499105 30,750 1,000 x 1,000 PROCTER & GAMBLE COM 742718109 178,500 2,080 x 2,080 PRAXAIR INC. COM 74005P104 702,253 14,350 x 14,350 PROVIDENT BK. CORP COM 743859100 224,505 9,656 x 9,656 PROVIDIAN CORP. COM 744061102 97,913 1,050 x 1,050 PUBLIC SER. ENT. COM 744573106 67,953 1,665 x 1,665 PUBLIC STORAGE INC. COM 74460D109 34,695 1,239 x 1,239 PHARMACIA UPJOHN COM 716941109 10,404,157 183,130 x 183,130 QUAKER OATS CO COM 747402105 92,925 1,400 x 1,400 QUESTAR CORP. COM 748356102 1,172,363 61,300 x 61,300 QUEENS CNTY SVGS. COM 748242104 19,805,535 611,754 x 611,754 RAYCHEM CORP COM 754603108 662,300 17,900 x 17,900 RAYTHEON CO CL A COM 755111309 22,247 323 x 323 R&B FLACON CORP COM 74912 101 14,531 1,550 x 1,550 READERS DIGEST CL. B COM 755267200 854,250 22,780 x 22,780 RELIANCE BANCORP COM 759451107 8,351,038 302,300 x 302,300 RESOURCE CAP 9.25 PFD 761201201 312,500 12,500 x 12,500 REPSOL COM 76026T205 36,563 1,800 x 1,800 REPUBLIC N.Y. COM 760719104 75,006 1,100 x 1,100 RHONE POULENCE 8.125% PFD G75495104 208,228 8,350 x 8,350 RICHFOOD HOLDINGS COM 763408101 391,275 22,200 x 22,200 ROYCE VALUE TR. INC. COM 780910105 249,641 18,841 x 18,841 ROYCE VALUE TR PFD 780910204 850,925 33,700 x 33,700 SANTANDER OVERSEAS 8% PFD 802814509 377,813 15,000 x 15,000 SBC COMMUNICATIONS INC COM 78387G103 310,416 5,352 x 5,352 SEABOARD CORP. COM 811543107 9,552,300 28,095 x 28,095 SEAGRAM LTD COM 811850106 2,268,386 45,030 x 45,030 SEMPRA ENERGY COM 816851109 73,780 3,261 x 3,261 SIMON PROPERTY GROUP COM 828805101 178,970 7,053 x 7,053 SLM HOLDING CORP COM COM 78442A109 2,842,926 62,055 x 62,055 SMITHKLINE BEECHAM COM 832378400 224,613 3,400 x 3,400 SOUTHDOWN INC. COM 841297104 1,085,825 16,900 x 16,900 SOUTHERN MINERAL CORP COM 843367202 17,200 50,000 x 50,000 STATEN ISLAND BANC COM 857550109 536,976 29,832 x 29,832 ST.FRANCIS CAP.CORP. COM 789374105 129,000 6,000 x 6,000 ST. PAUL COMPANIES COM 792860108 5,468,983 171,910 x 171,910 SUPERIOR NAT'L COM 86822P208 654,000 24,000 x 24,000 SWEDISH EXPORT PFD W92947212 1,061,280 42,880 x 42,880 SWEDISH MATCH COM 870309507 377,345 10,667 x 10,667 SYMS CORP COM 871551107 681,281 83,850 x 83,850 TECUMSEH CL. B COM 878895101 2,532,595 46,470 x 46,470 TECUMSEH CL. A COM 878895200 3,724,441 61,497 x 61,497 TELEFONOS DE ESPANA COM 879382208 67,530 459 x 459 TELEFONOS DE MEXICO COM 879403780 38,386 475 x 475 TEMPLETON DRAGON FD. COM 880188101 558,767 50,510 x 50,510 TENET HEALTHCARE COM 636886103 155,554 8,380 x 8,380 TENN VALLEY AUTH PAR PFD 880591300 357,050 14,800 x 14,800 TENN VALLEY AUTH QIDS PFD 880591102 85,850 3,400 x 3,400 TENNECO INC. COM 880370101 33,425 1,400 x 1,400 TEXACO COM 881694103 386,538 6,197 x 6,197 THORNBURG MORTG. COM 885218107 299,000 29,900 x 29,900 THISTLE GROUP COM 88431E103 162,201 18,405 x 18,405 TMP WORLDWIDE COM 872941109 127,000 2,000 x 2,000 TREMONT CORP. COM 894745207 1,347,513 62,675 x 62,675 TRANSAMERICA COM 893485870 247,500 3,300 x 3,300 TEMPLE INLAND COM 879868107 3,115,849 45,404 x 45,404 TRANS. NETWORK SVCS COM 893414102 29,250 1,000 x 1,000 TRW INC COM 872649108 21,950 400 x 400 UNION PACIFIC CORP. COM 907818108 117,208 2,010 x 2,010 UNION PACIFIC RESOURCE COM 907834105 69,211 4,243 x 4,243 UNION CARBIDE CORP. COM 905581104 15,600 320 x 320 UNION COMM. BANC. COM 906054101 596,300 53,600 x 53,600 UNIVERSAL FOODS CORP. COM 913538104 84,500 4,000 x 4,000 UNITED DOMINION REALTY PFD 910197300 449,750 17,990 x 17,990 UNITED TECHNOLOGIES COM 913017109 28,800 400 x 400 UNOCAL COM 915289102 425,969 10,750 x 10,750 U. S. WEST INC. COM 912889102 89,770 1,528 x 1,528 UNITED DOMINION COM 910197102 385,400 32,800 x 32,800 USB HLDG INC COM 902910108 1,135,658 74,163 x 74,163 VELCRO INDS. COM 922571104 4,310,619 355,515 x 355,515 VIACOM COM 925524308 110,000 2,500 x 2,500 VOLVO COM 928856400 8,212,340 279,569 x 279,569 WACHOVIA CORP COM 929771103 272,174 3,181 x 3,181 WALDEN RESIDENTIAL COM 931210108 330,025 15,350 x 15,350 WARNER LAMBERT CO. COM 934488107 803,164 11,559 x 11,559 WARWICK COMM.BK. COM 936559103 7,463,123 548,343 x 548,343 WASHINGTON MUTUAL COM 939322103 90,684 2,550 x 2,550 WELLS FARGO COM 949746101 53,438 1,250 x 1,250 WESTINGHOUSE AIR COM 960386100 1,233,977 47,575 x 47,575 WESTPAC BKG LTD COM 961214301 821,893 24,626 x 24,626 WEYCO GROUP COM 962149100 255,300 11,100 x 11,100 WISCONSIN ENERGY COM 976657106 22,556 900 x 900 XTRA CORP COM 984138107 1,524,820 33,193 x 33,193 WALDEN RES.CV PFD PFD 931210306 373,625 15,250 x 15,250 TOTALS 409,954,09 21,504,866 21,504,866 -----END PRIVACY-ENHANCED MESSAGE-----