UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2002

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.): [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Value Line Inc
Address: 220 East 42nd Street

         New York, NY  10017

13F File Number:  28-00401

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:      David Henigson
Title:     Vice President
Phone:     212-907-1600

Signature, Place, and Date of Signing:

     /s/ David Henigson     New York, NY     May 13, 2002


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 THE SECURITIES EXCHANGE
ACT OF 1934.


                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form13F Information Table Entry Total:     617

Form13F Information Table Value Total:     $3,165,697 thousands


List of Other Included Managers:

List of Other Managers Reporting for this Manager:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

NONE






                                    
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP                      COMMON           885535104      134    22000 SH       DEFINED                     0    22000        0
3M CO                          COMMON           88579Y101      690     6000 SH       DEFINED                     0     6000        0
99 CENTS ONLY STORES           COMMON           65440K106     1664    43400 SH       DEFINED                     0    43400        0
AAIPHARMA INC                  COMMON           00252W104      201     5600 SH       DEFINED                     0     5600        0
ABBOTT LABS                    COMMON           002824100     5754   109400 SH       DEFINED                     0   109000      400
ABERCROMBIE & FITCH CO         CL A             002896207    19370   628900 SH       DEFINED                     0   628900        0
ACE LTD                        ORD              G0070K103     4337   104000 SH       DEFINED                     0   104000        0
ACTION PERFORMANCE COS I       COMMON           004933107      837    17000 SH       DEFINED                     0    17000        0
ACTIVISION INC NEW             COM NEW          004930202     2653    88950 SH       DEFINED                     0    88950        0
ADELPHIA COMMUNICATIONS        PFD CV SER D     006848402      355     5000 SH       DEFINED                     0     5000        0
ADOBE SYS INC                  COMMON           00724F101    11724   291000 SH       DEFINED                     0   291000        0
ADVANCED AUTO PARTS INC        COMMON           00751Y106      405     8800 SH       DEFINED                     0     8800        0
AES CORP                       SDCV  4.500  8/1 00130HAN5      156   250000 PRN      DEFINED                     0   250000        0
AFFILIATED COMPUTER SERV       NOTE  3.500  2/1 008190AF7      358   250000 PRN      DEFINED                     0   250000        0
AFFILIATED COMPUTER SERV       CL A             008190100    11787   210000 SH       DEFINED                     0   210000        0
AFFYMETRIX INC                 NOTE  5.000 10/0 00826TAA6      220   250000 PRN      DEFINED                     0   250000        0
AGCO CORP                      COMMON           001084102     1643    72000 SH       DEFINED                     0    72000        0
AIRGAS INC                     COMMON           009363102     1367    68000 SH       DEFINED                     0    68000        0
AKAMAI TECHNOLOGIES INC        NOTE  5.500  7/0 00971TAA9     1131  2250000 PRN      DEFINED                     0  2250000        0
ALBANY INTL CORP               CL A             012348108      445    14700 SH       DEFINED                     0    14700        0
ALLEGHENY ENERGY INC           COMMON           017361106     4189   101300 SH       DEFINED                     0   101300        0
ALLERGAN INC                   COMMON           018490102    13835   214000 SH       DEFINED                     0   214000        0
ALLIANCE GAMING CORP           COM NEW          01859P609      916    30000 SH       DEFINED                     0    30000        0
ALLIANT ENERGY CORP            COMMON           018802108      453    15000 SH       DEFINED                     0    15000        0
ALLIANT TECHSYSTEMS INC        COMMON           018804104     4490    44025 SH       DEFINED                     0    44025        0
ALZA CORP                      SDCV  0.    07/2 02261WAA7     1703  1900000 PRN      DEFINED                     0  1900000        0
AMERICA FIRST MTG INVTS        COMMON           023934102      152    17000 SH       DEFINED                     0    17000        0
AMERICAN AXLE & MFG HLDG       COMMON           024061103    17299   596500 SH       DEFINED                     0   596200      300
AMERICAN EAGLE OUTFITTER       COMMON           02553E106    12997   524700 SH       DEFINED                     0   517700     7000
AMERICAN INTL GROUP INC        DBCV        11/0 026874AP2      777  1300000 PRN      DEFINED                     0  1300000        0
AMERICAN INTL GROUP INC        COMMON           026874107    54122   750241 SH       DEFINED                     0   746546     3695
AMERICAN MED SYS HLDGS I       COMMON           02744M108      315    14000 SH       DEFINED                     0    14000        0
AMERICAN STD COS INC DEL       COMMON           029712106     5731    81000 SH       DEFINED                     0    81000        0
AMERICAN WOODMARK CORP         COMMON           030506109      492     7800 SH       DEFINED                     0     7800        0
AMERISOURCE HEALTH CORP        NOTE  5.000 12/0 03071PAB8      369   250000 PRN      DEFINED                     0   250000        0
AMERISOURCEBERGEN CORP         COMMON           03073E105     4713    69000 SH       DEFINED                     0    69000        0
AMERISTAR CASINOS INC          COMMON           03070Q101      415    15100 SH       DEFINED                     0    15100        0
AMETEK INC NEW                 COMMON           031100100     1172    31500 SH       DEFINED                     0    31500        0
AMGEN INC                      COMMON           031162100    23597   395400 SH       DEFINED                     0   394900      500
ANADARKO                       SDCV  0.    03/2 032511AP2      695  1000000 PRN      DEFINED                     0  1000000        0
ANHEUSER BUSCH COS INC         COMMON           035229103     1618    31000 SH       DEFINED                     0    31000        0
ANNTAYLOR STORES CORP          SDCV   .550  6/1 036115AA1      650  1000000 PRN      DEFINED                     0  1000000        0
ANNTAYLOR STORES CORP          COMMON           036115103    20465   473500 SH       DEFINED                     0   473500        0
ANSYS INC                      COMMON           03662Q105     1165    43000 SH       DEFINED                     0    43000        0
ANTHEM INC                     COMMON           03674B104      576    10000 SH       DEFINED                     0    10000        0
AOL TIME WARNER INC            COMMON           00184A105    17415   736350 SH       DEFINED                     0   734550     1800
APOGEE ENTERPRISES INC         COMMON           037598109      390    32000 SH       DEFINED                     0    32000        0
APOLLO GROUP INC               CL A             037604105     7607   142050 SH       DEFINED                     0   142050        0
APPLEBEES INTL INC             COMMON           037899101     1405    38700 SH       DEFINED                     0    38700        0
APPLIED FILMS CORP             COMMON           038197109      258    10500 SH       DEFINED                     0    10500        0
ARGOSY GAMING CO               COMMON           040228108     2715    74000 SH       DEFINED                     0    74000        0
ARROW ELECTRONICS              SDCV  0.    01/2 042735AY6      514  1100000 PRN      DEFINED                     0  1100000        0
ARVINMERITOR INC               COMMON           043353101     1256    44000 SH       DEFINED                     0    44000        0
ASM LITHOGRAPHY                SDCV  5.750 10/2 00208PAA2      395   250000 PRN      DEFINED                     0   250000        0
ASM LITHOGRAPHY HOLDING        NOTE  4.250 11/3 00207EAB6      487   500000 PRN      DEFINED                     0   500000        0
AT HOME CORP                   NOTE  4.750 12/1 045919AD9      118   500000 PRN      DEFINED                     0   500000        0
AT&T WIRELESS SVCS INC         COMMON           00209A106      403    45000 SH       DEFINED                     0    45000        0
AUTOZONE INC                   COMMON           053332102     4682    68000 SH       DEFINED                     0    68000        0
AZTAR CORP                     COMMON           054802103     1003    45800 SH       DEFINED                     0    45800        0
BALL CORP                      COMMON           058498106      661    14000 SH       DEFINED                     0    14000        0
BANK HAWAII CORP               COMMON           062540109      782    30000 SH       DEFINED                     0    30000        0
BANKATLANTIC BANCORP           CL A             065908501      143    11000 SH       DEFINED                     0    11000        0
BANKNORTH GROUP INC NEW        COMMON           06646R107     3900   148000 SH       DEFINED                     0   148000        0
BARR LABS INC                  COMMON           068306109     2040    31000 SH       DEFINED                     0    31000        0
BARRA INC                      COMMON           068313105     1272    21000 SH       DEFINED                     0    21000        0
BAXTER INTL INC                COMMON           071813109     2321    39000 SH       DEFINED                     0    39000        0
BB&T CORP                      COMMON           054937107    15633   410200 SH       DEFINED                     0   410200        0
BEA SYS INC                    NOTE  4.000 12/1 073325AC6      417   500000 PRN      DEFINED                     0   500000        0
BECKMAN COULTER INC            COMMON           075811109     5066    99200 SH       DEFINED                     0    99200        0
BED BATH & BEYOND INC          COMMON           075896100    44688  1324100 SH       DEFINED                     0  1313200    10900
BELL ATLANTIC                  CONV BOND 144A   07785GAC4     1001  1000000 PRN      DEFINED                     0  1000000        0
BELO CORP                      COM SER A        080555105      958    41200 SH       DEFINED                     0    41200        0
BEMIS INC                      COMMON           081437105     3304    60800 SH       DEFINED                     0    60800        0
BERKLEY W R CORP               COMMON           084423102     1437    25000 SH       DEFINED                     0    25000        0
BEST BUY INC                   COMMON           086516101    23946   302350 SH       DEFINED                     0   296400     5950
BIOGEN INC                     COMMON           090597105     8595   175200 SH       DEFINED                     0   174600      600
BIOMET INC                     COMMON           090613100    23778   878725 SH       DEFINED                     0   870050     8675
BIOVAIL CORP                   COMMON           09067J109    24063   481450 SH       DEFINED                     0   476800     4650
BISYS GROUP INC                COMMON           055472104     9327   264600 SH       DEFINED                     0   264600        0
BJ SVCS CO                     COMMON           055482103    12619   366100 SH       DEFINED                     0   366100        0
BJS WHOLESALE CLUB INC         COMMON           05548J106     3759    84100 SH       DEFINED                     0    83000     1100
BLACK & DECKER CORP            COMMON           091797100      465    10000 SH       DEFINED                     0    10000        0
BLOCK H & R INC                COMMON           093671105    14980   337000 SH       DEFINED                     0   337000        0
BLOCKBUSTER INC                CL A             093679108     3168   135000 SH       DEFINED                     0   135000        0
BOB EVANS FARMS INC            COMMON           096761101      720    25500 SH       DEFINED                     0    25500        0
BOISE CASCADE                  CV PFD $7.500    097383855      556    10000 SH       DEFINED                     0    10000        0
BORDERS GROUP INC              COMMON           099709107     1124    47000 SH       DEFINED                     0    47000        0
BORG WARNER INC                COMMON           099724106      944    15000 SH       DEFINED                     0    15000        0
BORLAND SOFTWARE CORP          COMMON           099849101      130    10000 SH       DEFINED                     0    10000        0
BOYD GAMING CORP               COMMON           103304101      226    15000 SH       DEFINED                     0    15000        0
BRINKER INTL INC               COMMON           109641100     9627   297050 SH       DEFINED                     0   297050        0
BRISTOL MYERS SQUIBB CO        COMMON           110122108     1470    36300 SH       DEFINED                     0    36300        0
BROOKS AUTOMATION INC          NOTE  4.750  6/0 11434AAB6      474   500000 PRN      DEFINED                     0   500000        0
BURR BROWN CORP                NOTE  4.250  2/1 122574AD8      272   250000 PRN      DEFINED                     0   250000        0
CANADIAN NATL RY CO            COMMON           136375102      799    16000 SH       DEFINED                     0    16000        0
CANADIAN PAC RY LTD            COMMON           13645T100     1740    81250 SH       DEFINED                     0    81250        0
CAPITAL AUTOMOTIVE REIT        COM SH BEN INT   139733109      414    18000 SH       DEFINED                     0    18000        0
CAPITAL ONE FINL CORP          COMMON           14040H105    13907   217800 SH       DEFINED                     0   216800     1000
CARDINAL HEALTH INC            COMMON           14149Y108    17361   244900 SH       DEFINED                     0   239650     5250
CAREER EDUCATION CORP          COMMON           141665109     3406    86000 SH       DEFINED                     0    86000        0
CAREMARK RX INC                COMMON           141705103     3432   176000 SH       DEFINED                     0   176000        0
CBRL GROUP INC                 COMMON           12489V106     3388   119000 SH       DEFINED                     0   119000        0
CEC ENTMT INC                  COMMON           125137109     1155    25000 SH       DEFINED                     0    25000        0
CELL THERAPEUTICS INC          NOTE  5.750  6/1 150934AA5      288   300000 PRN      DEFINED                     0   300000        0
CENDANT CORP                   COMMON           151313103     5818   303000 SH       DEFINED                     0   303000        0
CENDANT CORP                   DEBT         2/1 151313AF0      501   700000 PRN      DEFINED                     0   700000        0
CENTEX CORP                    COMMON           152312104     8654   166650 SH       DEFINED                     0   163100     3550
CEPHALON INC                   COMMON           156708109    15467   245500 SH       DEFINED                     0   245500        0
CERNER CORP                    COMMON           156782104     6155   129000 SH       DEFINED                     0   129000        0
CERTEGY INC                    COMMON           156880106      881    22200 SH       DEFINED                     0    22200        0
CHARMING SHOPPES INC           COMMON           161133103      150    19000 SH       DEFINED                     0    19000        0
CHARTER COMMUNICATIONS I       NOTE  5.750 10/1 16117MAB3      305   350000 PRN      DEFINED                     0   350000        0
CHARTER ONE FINL INC           COMMON           160903100     6425   205800 SH       DEFINED                     0   205800        0
CHEESECAKE FACTORY INC         COMMON           163072101    15730   426300 SH       DEFINED                     0   426300        0
CHELSEA PPTY GROUP INC         COMMON           163421100      984    18200 SH       DEFINED                     0    18200        0
CHEVRONTEXACO CORP             COMMON           166764100     1354    15000 SH       DEFINED                     0    15000        0
CHICOS FAS INC                 COMMON           168615102     5510   163500 SH       DEFINED                     0   163500        0
CHOICEPOINT INC                COMMON           170388102     3398    59000 SH       DEFINED                     0    59000        0
CHORDIANT SOFTWARE INC         COMMON           170404107      131    18000 SH       DEFINED                     0    18000        0
CHRISTOPHER & BANKS CORP       COMMON           171046105     1986    60450 SH       DEFINED                     0    60450        0
CIENA CORP                     NOTE  3.750  2/0 171779AA9      321   500000 PRN      DEFINED                     0   500000        0
CINERGY CORP                   COMMON           172474108      358    10000 SH       DEFINED                     0    10000        0
CIRCUIT CITY STORE INC         CARMAX GROUP     172737306     2095    81000 SH       DEFINED                     0    81000        0
CITIGROUP INC                  COMMON           172967101    90255  1822598 SH       DEFINED                     0  1816298     6300
CITY NATL CORP                 COMMON           178566105     1699    32300 SH       DEFINED                     0    32300        0
CKE RESTAURANTS INC            COMMON           12561E105      591    66000 SH       DEFINED                     0    66000        0
CLARUS CORP                    COMMON           182707109       53    14000 SH       DEFINED                     0    14000        0
CLOROX CO DEL                  COMMON           189054109      960    22000 SH       DEFINED                     0    22000        0
COACH INC                      COMMON           189754104      989    19500 SH       DEFINED                     0    19500        0
COGNOS INC                     COMMON           19244C109      769    28000 SH       DEFINED                     0    28000        0
COINSTAR INC                   COMMON           19259P300      313     9300 SH       DEFINED                     0     9300        0
COLGATE PALMOLIVE CO           COMMON           194162103    15996   279900 SH       DEFINED                     0   276000     3900
COLONIAL BANCGROUP INC         COMMON           195493309      283    19000 SH       DEFINED                     0    19000        0
COMMERCE BANCORP INC NJ        COMMON           200519106    12819   285500 SH       DEFINED                     0   276400     9100
COMMERCE BANCSHARES INC        COMMON           200525103     1225    27700 SH       DEFINED                     0    27700        0
COMMUNITY HEALTH SYS INC       NOTE  4.250 10/1 203668AA6      235   250000 PRN      DEFINED                     0   250000        0
COMPASS BANCSHARES INC         COMMON           20449H109     1605    52000 SH       DEFINED                     0    52000        0
COMVERSE TECHNOLOGY INC        COM PAR $0.10    205862402      228    18000 SH       DEFINED                     0    18000        0
CONCORD EFS INC                COMMON           206197105    16073   483400 SH       DEFINED                     0   483400        0
CONSTELLATION BRANDS INC       CL A             21036P108     5551   101000 SH       DEFINED                     0   100600      400
COOPER COS INC                 COM NEW          216648402      853    18000 SH       DEFINED                     0    18000        0
COORS ADOLPH CO                CL B             217016104      675    10000 SH       DEFINED                     0    10000        0
CORINTHIAN COLLEGES INC        COMMON           218868107     1537    30400 SH       DEFINED                     0    30400        0
CORNING INC                    DBCV        11/0 219350AJ4      513  1000000 PRN      DEFINED                     0  1000000        0
COSTCO COMPANIES INC           NOTE         8/1 22160QAC6      276   300000 PRN      DEFINED                     0   300000        0
COSTCO WHSL CORP NEW           COMMON           22160K105    18827   472800 SH       DEFINED                     0   470000     2800
COX RADIO INC                  CL A             224051102      284    10000 SH       DEFINED                     0    10000        0
CSX CORP                       COMMON           126408103    12149   318800 SH       DEFINED                     0   316000     2800
CSX CORP                       DBCV        10/3 126408GA5      509   600000 PRN      DEFINED                     0   600000        0
CUMULUS MEDIA INC              CL A             231082108      277    15500 SH       DEFINED                     0    15500        0
CV THERAPEUTICS INC            COMMON           126667104     1991    55000 SH       DEFINED                     0    55000        0
CV THERAPEUTICS INC            NOTE  4.750  3/0 126667AB0      410   500000 PRN      DEFINED                     0   500000        0
CYMER INC                      COMMON           232572107      844    17000 SH       DEFINED                     0    17000        0
CYTYC CORP                     COMMON           232946103     5276   196000 SH       DEFINED                     0   196000        0
DANAHER CORP DEL               COMMON           235851102     4687    66000 SH       DEFINED                     0    66000        0
DARDEN RESTAURANTS INC         COMMON           237194105    16327   402250 SH       DEFINED                     0   399100     3150
DAVITA INC                     COMMON           23918K108     1796    71000 SH       DEFINED                     0    71000        0
DEAN FOODS CO NEW              COMMON           242370104     3460    45701 SH       DEFINED                     0    45701        0
DELIAS CORP                    CL A             24688Q101      115    18000 SH       DEFINED                     0    18000        0
DELL COMPUTER CORP             COMMON           247025109    12791   489900 SH       DEFINED                     0   482700     7200
DELPHI CORP                    COMMON           247126105      160    10000 SH       DEFINED                     0    10000        0
DELUXE CORP                    COMMON           248019101     3895    84200 SH       DEFINED                     0    84200        0
DENTSPLY INTL INC NEW          COMMON           249030107     2446    66000 SH       DEFINED                     0    66000        0
DIAL CORP NEW                  COMMON           25247D101      541    30000 SH       DEFINED                     0    30000        0
DIANON SYS INC                 COMMON           252826102     1343    20700 SH       DEFINED                     0    20700        0
DIGITAL INSIGHT CORP           COMMON           25385P106      386    14000 SH       DEFINED                     0    14000        0
DIRECT FOCUS INC               COMMON           254931108     1218    32000 SH       DEFINED                     0    32000        0
DOLLAR TREE STORES INC         COMMON           256747106     1129    34400 SH       DEFINED                     0    34400        0
DOMINION RESOURCES             CV PFD $9.500    25746U208      614    10000 SH       DEFINED                     0    10000        0
DONALDSON INC                  COMMON           257651109     1126    28000 SH       DEFINED                     0    28000        0
DOUBLECLICK INC                NOTE  4.750  3/1 258609AA4      418   500000 PRN      DEFINED                     0   500000        0
DRS TECHNOLOGIES INC           COMMON           23330X100     1065    25700 SH       DEFINED                     0    25700        0
DST SYS INC DEL                COMMON           233326107     1992    40000 SH       DEFINED                     0    40000        0
DURA AUTOMOTIVE SYSTEMS        CL A             265903104      192    10000 SH       DEFINED                     0    10000        0
DYNAMICS RESH CORP             COMMON           268057106      212     8400 SH       DEFINED                     0     8400        0
EBAY INC                       COMMON           278642103    11540   203750 SH       DEFINED                     0   200800     2950
ECHOSTAR COMMUNICATIONS        CL A             278762109     3342   118000 SH       DEFINED                     0   118000        0
ECHOSTAR COMMUNICATIONS        NOTE  4.875  1/0 278762AB5      903  1000000 PRN      DEFINED                     0  1000000        0
EDUCATION MGMT CORP            COMMON           28139T101    19883   471500 SH       DEFINED                     0   461000    10500
EL PASO                        SDCV  0.    02/2 28336LAA7      419  1000000 PRN      DEFINED                     0  1000000        0
EL PASO CORP                   COMMON           28336L109    10294   233800 SH       DEFINED                     0   233600      200
ELECTRONIC ARTS INC            COMMON           285512109     8096   133150 SH       DEFINED                     0   130000     3150
ELECTRONICS BOUTIQUE HLD       COMMON           286045109      421    12200 SH       DEFINED                     0    12200        0
EMCOR GROUP INC                COMMON           29084Q100     1740    30000 SH       DEFINED                     0    30000        0
ENBRIDGE ENERGY PARTNERS       COMMON           29250R106      310     7000 SH       DEFINED                     0     7000        0
ENTEGRIS INC                   COMMON           29362U104      202    12500 SH       DEFINED                     0    12500        0
ENTERCOM COMMUNICATIONS        CL A             293639100      384     7000 SH       DEFINED                     0     7000        0
ENTRAVISION COMMUNICATIO       CL A             29382R107      148    10000 SH       DEFINED                     0    10000        0
EQUIFAX INC                    COMMON           294429105     2736    91500 SH       DEFINED                     0    91500        0
EQUITY SECS TR I               EQ TR SECS CVC   29477R103      863    25000 SH       DEFINED                     0    25000        0
ESS TECHNOLOGY INC             COMMON           269151106     1078    52000 SH       DEFINED                     0    52000        0
EUNIVERSE INC                  COMMON           298412107       94    18000 SH       DEFINED                     0    18000        0
EVEREST RE GROUP LTD           COMMON           G3223R108     5963    86000 SH       DEFINED                     0    86000        0
EVI INC                        SUB DBCV 5%      268939402      304     6000 SH       DEFINED                     0     6000        0
EXPRESS SCRIPTS                SDCV  7.000 11/1 302181201      505     5000 PRN      DEFINED                     0     5000        0
EXPRESS SCRIPTS INC            COMMON           302182100     3801    66000 SH       DEFINED                     0    66000        0
EXXON MOBIL CORP               COMMON           30231G102     1315    30000 SH       DEFINED                     0    30000        0
FAIR ISAAC & CO INC            COMMON           303250104     4786    75500 SH       DEFINED                     0    75500        0
FAMILY DLR STORES INC          COMMON           307000109     4313   128700 SH       DEFINED                     0   126000     2700
FEDERAL HOME LN MTG CORP       COMMON           313400301    29074   458800 SH       DEFINED                     0   454600     4200
FEDERAL NATL MTG ASSN          COMMON           313586109    38179   477950 SH       DEFINED                     0   475700     2250
FEDEX CORP                     COMMON           31428X106     2673    46000 SH       DEFINED                     0    46000        0
FEI CO                         NOTE  5.500  8/1 30241LAB5      309   300000 PRN      DEFINED                     0   300000        0
FEI CO                         COMMON           30241L109      427    12000 SH       DEFINED                     0    12000        0
FIDELITY NATL FINL INC         COMMON           316326107     1150    43600 SH       DEFINED                     0    43600        0
FIFTH THIRD BANCORP            COMMON           316773100    53407   791447 SH       DEFINED                     0   790347     1100
FIRST DATA CORP                COMMON           319963104    13262   152000 SH       DEFINED                     0   152000        0
FIRST HEALTH GROUP CORP        COMMON           320960107     1689    70000 SH       DEFINED                     0    70000        0
FIRST HORIZON PHARMACEUT       COMMON           32051K106      827    37000 SH       DEFINED                     0    37000        0
FIRST MIDWEST BANCORP DE       COMMON           320867104      951    32750 SH       DEFINED                     0    32750        0
FISERV INC                     COMMON           337738108    32930   716025 SH       DEFINED                     0   716025        0
FISHER SCIENTIFIC INTL I       COM NEW          338032204    13696   487400 SH       DEFINED                     0   487400        0
FLEMING COS INC                COMMON           339130106     2744   122500 SH       DEFINED                     0   122500        0
FLEMING COS INC                NOTE  5.250  3/1 339130AR7      963  1000000 PRN      DEFINED                     0  1000000        0
FLEXTRONICS INTL LTD           ORD              Y2573F102     7364   403500 SH       DEFINED                     0   402300     1200
FLIR SYS INC                   COMMON           302445101     1447    30300 SH       DEFINED                     0    30300        0
FOOT LOCKER INC                COMMON           344849104     2810   173700 SH       DEFINED                     0   173700        0
FOREST LABS INC                COMMON           345838106    21242   260000 SH       DEFINED                     0   260000        0
FOSTER WHEELER LTD             NOTE  6.500  6/0 35024PAA0      187   500000 PRN      DEFINED                     0   500000        0
FREDS INC                      CL A             356108100      230     6375 SH       DEFINED                     0     6375        0
FREEMARKETS INC                COMMON           356602102      689    30000 SH       DEFINED                     0    30000        0
FRESH DEL MONTE PRODUCE        ORD              G36738105      733    39000 SH       DEFINED                     0    39000        0
FTI CONSULTING INC             COMMON           302941109      279     9000 SH       DEFINED                     0     9000        0
FURNITURE BRANDS INTL IN       COMMON           360921100      991    27200 SH       DEFINED                     0    27200        0
GARMIN LTD                     ORD              G37260109      722    31500 SH       DEFINED                     0    31500        0
GEMSTAR-TV GUIDE INTL IN       COMMON           36866W106     2710   183258 SH       DEFINED                     0   183258        0
GENCORP INC                    COMMON           368682100      157    10000 SH       DEFINED                     0    10000        0
GENERAL DYNAMICS CORP          COMMON           369550108    35410   376900 SH       DEFINED                     0   376600      300
GENERAL ELEC CO                COMMON           369604103    74132  1979500 SH       DEFINED                     0  1966400    13100
GENERAL MTRS CORP              DEB SR CONV A    370442741      266    10000 SH       DEFINED                     0    10000        0
GENTIVA HEALTH SERVICES        COMMON           37247A102      696    28100 SH       DEFINED                     0    28100        0
GENUINE PARTS CO               COMMON           372460105      993    27000 SH       DEFINED                     0    27000        0
GENUITY INC                    CL A             37248E103       17    20000 SH       DEFINED                     0    20000        0
GENZYME CORP                   COM GENL DIV     372917104    10874   249000 SH       DEFINED                     0   248200      800
GETTY IMAGES INC               COMMON           374276103      908    30300 SH       DEFINED                     0    30300        0
GETTY IMAGES INC               NOTE  5.000  3/1 374276AD5      443   500000 PRN      DEFINED                     0   500000        0
GILAT SATELLITE NETWORKS       NOTE  4.250  3/1 375255AC0      165   500000 PRN      DEFINED                     0   500000        0
GILEAD SCIENCES INC            COMMON           375558103      864    24000 SH       DEFINED                     0    24000        0
GILLETTE CO                    COMMON           375766102      680    20000 SH       DEFINED                     0    20000        0
GLOBAL IMAGING SYSTEMS         COMMON           37934A100      736    40000 SH       DEFINED                     0    40000        0
GLOBAL PMTS INC                COMMON           37940X102     1426    38900 SH       DEFINED                     0    38900        0
GOLDEN ST BANCORP INC          COMMON           381197102     4750   160000 SH       DEFINED                     0   160000        0
GOLDEN WEST FINL CORP DE       COMMON           381317106    10392   163650 SH       DEFINED                     0   160700     2950
GRANITE CONSTR INC             COMMON           387328107      241     9800 SH       DEFINED                     0     9800        0
GREENPOINT FINL CORP           COMMON           395384100     3500    80100 SH       DEFINED                     0    79500      600
GRIFFON CORP                   COMMON           398433102      216    12900 SH       DEFINED                     0    12900        0
GROUPE CGI INC                 CL A SUB VTG     39945C109      110    18000 SH       DEFINED                     0    18000        0
GST TELECOMMUNICATIONS I       COMMON           361942105        0    17657 SH       DEFINED                     0    17657        0
GUIDANT CORP                   COMMON           401698105     6671   154000 SH       DEFINED                     0   151100     2900
HANDSPRING INC                 COMMON           410293104      270    58000 SH       DEFINED                     0    58000        0
HARLEY DAVIDSON INC            COMMON           412822108    59973  1087850 SH       DEFINED                     0  1082200     5650
HARMAN INTL INDS INC           COMMON           413086109     1851    37500 SH       DEFINED                     0    37500        0
HARSCO CORP                    COMMON           415864107     1108    28300 SH       DEFINED                     0    28300        0
HARTE-HANKS INC                COMMON           416196103      775    24500 SH       DEFINED                     0    24500        0
HARTFORD FINL SVCS GROUP       COMMON           416515104     8896   130600 SH       DEFINED                     0   130600        0
HCA INC                        COMMON           404119109    34704   787300 SH       DEFINED                     0   786700      600
HCC INS HLDGS INC              COMMON           404132102     1479    52900 SH       DEFINED                     0    52900        0
HEADWATERS INC                 COMMON           42210P102      750    49000 SH       DEFINED                     0    49000        0
HEALTH MANGEMENT               SDCV  0.250 08/1 421933AA0      617   900000 PRN      DEFINED                     0   900000        0
HEARTLAND EXPRESS INC          COMMON           422347104     1223    61278 SH       DEFINED                     0    61278        0
HERCULES INC                   COMMON           427056106      466    35000 SH       DEFINED                     0    35000        0
HERSHEY FOODS CORP             COMMON           427866108     3084    45000 SH       DEFINED                     0    45000        0
HIBERNIA CORP                  CL A             428656102     1662    87000 SH       DEFINED                     0    87000        0
HILLENBRAND INDS INC           COMMON           431573104     7069   114700 SH       DEFINED                     0   114700        0
HILTON HOTELS CORP             NOTE  5.000  5/1 432848AL3      805   850000 PRN      DEFINED                     0   850000        0
HOLLYWOOD CASINO CORP          CL A             436132203      190    11500 SH       DEFINED                     0    11500        0
HOLLYWOOD ENTMT CORP           COMMON           436141105      218    13000 SH       DEFINED                     0    13000        0
HOLOGIC INC                    COMMON           436440101      162    10500 SH       DEFINED                     0    10500        0
HOME DEPOT INC                 COMMON           437076102    37158   764403 SH       DEFINED                     0   760803     3600
HORIZON ORGANIC HOLDING        COMMON           44043T103      165    10000 SH       DEFINED                     0    10000        0
HOT TOPIC INC                  COMMON           441339108      941    45000 SH       DEFINED                     0    45000        0
HOUSEHOLD INTL INC             COMMON           441815107    12144   213800 SH       DEFINED                     0   213800        0
HUGHES SUPPLY INC              COMMON           444482103      993    25500 SH       DEFINED                     0    25500        0
I2 TECHNOLOGIES INC            NOTE  5.250 12/1 465754AD1      368   500000 PRN      DEFINED                     0   500000        0
I2 TECHNOLOGIES INC            COMMON           465754109      263    52000 SH       DEFINED                     0    52000        0
IDEC PHARMACEUTICALS COR       COMMON           449370105     5105    79400 SH       DEFINED                     0    76200     3200
IGEN INC                       COMMON           449536101      689    18200 SH       DEFINED                     0    18200        0
IMMUCOR INC                    COMMON           452526106      168    12000 SH       DEFINED                     0    12000        0
IMMUNEX CORP NEW               COMMON           452528102     9644   318700 SH       DEFINED                     0   318700        0
IMPAC MTG HLDGS INC            COMMON           45254P102      160    17000 SH       DEFINED                     0    17000        0
INAMED CORP                    COMMON           453235103      839    25500 SH       DEFINED                     0    25500        0
INDEPENDENCE CMNTY BK CO       COMMON           453414104     1224    43500 SH       DEFINED                     0    43500        0
INHALE THERAPEUTIC SYS I       NOTE  3.500 10/1 457191AH7      269   500000 PRN      DEFINED                     0   500000        0
INRANGE TECHNOLOGIES COR       CL B             45769V206      137    17000 SH       DEFINED                     0    17000        0
INTEGRA LIFESCIENCES HLD       COM NEW          457985208      844    30000 SH       DEFINED                     0    30000        0
INTER TEL INC                  COMMON           458372109      259    14000 SH       DEFINED                     0    14000        0
INTERMAGNETICS GEN CORP        COMMON           458771102      605    22200 SH       DEFINED                     0    22200        0
INTERMUNE INC                  COMMON           45884X103      601    20000 SH       DEFINED                     0    20000        0
INTERNATIONAL BUSINESS M       COMMON           459200101    38085   366200 SH       DEFINED                     0   365700      500
INTERNATIONAL FLAVORS&FR       COMMON           459506101    12610   360600 SH       DEFINED                     0   360600        0
INTERNATIONAL GAME TECHN       COMMON           459902102     7005   112400 SH       DEFINED                     0   112400        0
INTERNATIONAL PAPER CAP        PFD CV 5.25%     460137300      232     5000 SH       DEFINED                     0     5000        0
INTERNATIONAL RECTIFIER        NOTE  4.250  7/1 460254AD7      232   250000 PRN      DEFINED                     0   250000        0
INTERNEURON PHARMACEUTIC       COMMON           460573108      534    61000 SH       DEFINED                     0    61000        0
INTERPUBLIC GROUP COS IN       NOTE  1.800  9/1 460690AF7      498   500000 PRN      DEFINED                     0   500000        0
INTL SPECIALTY PRODS INC       COMMON           460337108      135    14100 SH       DEFINED                     0    14100        0
INTRADO INC                    COMMON           46117A100      449    20600 SH       DEFINED                     0    20600        0
INVESTMENT TECHNOLOGY GR       COMMON           46145F105     1925    36500 SH       DEFINED                     0    36500        0
ISIS PHARMACEUTICALS INC       COMMON           464330109      515    32000 SH       DEFINED                     0    32000        0
ITC DELTACOM INC               NOTE  4.500  5/1 45031TAJ3       23   500000 PRN      DEFINED                     0   500000        0
ITT EDUCATIONAL SERVICES       COMMON           45068B109      657    14600 SH       DEFINED                     0    14600        0
ITT INDS INC IND               COMMON           450911102    10036   159200 SH       DEFINED                     0   159200        0
IVAX CORP                      NOTE  4.500  5/1 465823AG7      562   700000 PRN      DEFINED                     0   700000        0
JACK IN THE BOX INC            COMMON           466367109      842    28400 SH       DEFINED                     0    28400        0
JACOBS ENGR GROUP INC DE       COMMON           469814107     1640    23000 SH       DEFINED                     0    23000        0
JACOR COMMUNUNICATIONS I       FRNT         2/0 469858AB0      780  1600000 PRN      DEFINED                     0  1600000        0
JDA SOFTWARE GROUP INC         COMMON           46612K108     1065    33400 SH       DEFINED                     0    33400        0
JLG INDS INC                   COMMON           466210101      148    10000 SH       DEFINED                     0    10000        0
JO-ANN STORES INC              CL A             47758P109      161    10000 SH       DEFINED                     0    10000        0
JOHNSON & JOHNSON              COMMON           478160104    52487   808117 SH       DEFINED                     0   801667     6450
JOHNSON CTLS INC               COMMON           478366107     6270    71000 SH       DEFINED                     0    71000        0
JONES APPAREL                  SDCV  0.    01/0 480081AB4     1035  2000000 PRN      DEFINED                     0  2000000        0
JUNIPER NETWORKS INC           NOTE  4.750  3/1 48203RAA2      710  1000000 PRN      DEFINED                     0  1000000        0
KB HOME                        COMMON           48666K109    16785   386750 SH       DEFINED                     0   381600     5150
KERR MCGEE CORP                SDCV  5.250  2/1 492386AP2      594   500000 PRN      DEFINED                     0   500000        0
KING PHARMACEUTICALS INC       COMMON           495582108    12908   368698 SH       DEFINED                     0   364000     4698
KNIGHT RIDDER INC              COMMON           499040103      275     4000 SH       DEFINED                     0     4000        0
KOHLS CORP                     COMMON           500255104    55063   773900 SH       DEFINED                     0   769100     4800
KRAFT FOODS INC                CL A             50075N104      870    22500 SH       DEFINED                     0    22500        0
KRONOS INC                     COMMON           501052104      517    11000 SH       DEFINED                     0    11000        0
L-3 COMMUNICATIONS HLDGS       COMMON           502424104    10808    96500 SH       DEFINED                     0    96500        0
L-3 COMMUNICATIONS HLDGS       DEBT  4.000  9/1 502424AD6     1184  1000000 PRN      DEFINED                     0  1000000        0
LA Z BOY INC                   COMMON           505336107     1194    43500 SH       DEFINED                     0    43500        0
LABOR READY INC                COM NEW          505401208      172    22000 SH       DEFINED                     0    22000        0
LABORATORY CORP AMER HLD       COM NEW          50540R409    28053   292650 SH       DEFINED                     0   289900     2750
LAM RESEARCH CORP              NOTE  4.000  6/0 512807AE8      494   500000 PRN      DEFINED                     0   500000        0
LANDS END INC                  COMMON           515086106      494    11000 SH       DEFINED                     0    11000        0
LANDSTAR SYS INC               COMMON           515098101     1067    11500 SH       DEFINED                     0    11500        0
LATTICE SEMICONDUCTOR          CONV BD 144A     518415AA2      534   500000 PRN      DEFINED                     0   500000        0
LEAR CORP                      COMMON           521865105      219     4600 SH       DEFINED                     0     4600        0
LEGG MASON INC                 NOTE         6/0 524901AG0      291   600000 PRN      DEFINED                     0   600000        0
LENDINGTREE INC                COMMON           52602Q105      228    17000 SH       DEFINED                     0    17000        0
LENNAR                         SDCV  0.    04/0 526057AF1     1169  2800000 PRN      DEFINED                     0  2800000        0
LENNAR CORP                    COMMON           526057104    11080   210000 SH       DEFINED                     0   207200     2800
LIBERTY MEDIA CORP             DEB   3.500  1/1 530715AN1      360   500000 PRN      DEFINED                     0   500000        0
LIBERTY MEDIA CORP             DEB   3.250  3/1 530715AR2      411   400000 PRN      DEFINED                     0   400000        0
LIFEPOINT HOSPITALS INC        COMMON           53219L109     3696   100000 SH       DEFINED                     0   100000        0
LINCARE HLDGS INC              COMMON           532791100     6238   230000 SH       DEFINED                     0   230000        0
LINEAR TECHNOLOGY CORP         COMMON           535678106     2034    46000 SH       DEFINED                     0    46000        0
LOEWS CORP                     NOTE  3.125  9/1 540424AL2      849  1000000 PRN      DEFINED                     0  1000000        0
LOMAK PETE INC                 SDCV  6.000  2/0 541509AF2      779  1000000 PRN      DEFINED                     0  1000000        0
LOUISIANA PAC CORP             COMMON           546347105      269    25000 SH       DEFINED                     0    25000        0
LOWES COS INC                  COMMON           548661107    43481   999800 SH       DEFINED                     0   993600     6200
LOWES COS INC                  NOTE         2/1 548661CF2      435   550000 PRN      DEFINED                     0   550000        0
LUXOTTICA GROUP S P A          DEPOSITORY RECEI 55068R202      678    35000 SH       DEFINED                     0    35000        0
M & T BK CORP                  COMMON           55261F104     3215    40000 SH       DEFINED                     0    40000        0
MAGNA INTL INC                 CL A             559222401     4219    57400 SH       DEFINED                     0    57400        0
MANITOWOC INC                  COMMON           563571108     1165    29500 SH       DEFINED                     0    29500        0
MANULIFE FINL CORP             COMMON           56501R106      741    27000 SH       DEFINED                     0    27000        0
MARSH & MCLENNAN COS INC       COMMON           571748102     2819    25000 SH       DEFINED                     0    25000        0
MARSHALL & ILSLEY CORP         COMMON           571834100      560     9000 SH       DEFINED                     0     9000        0
MARVEL ENTERPRISES INC         COMMON           57383M108      165    20000 SH       DEFINED                     0    20000        0
MARVELL TECHNOLOGY GROUP       ORD              G5876H105      438    10000 SH       DEFINED                     0    10000        0
MATTEL INC                     COMMON           577081102    22591  1084000 SH       DEFINED                     0  1084000        0
MAY DEPT STORES CO             COMMON           577778103     1011    29000 SH       DEFINED                     0    29000        0
MAYTAG CORP                    COMMON           578592107     3363    76000 SH       DEFINED                     0    76000        0
MCCLATCHY CO                   CL A             579489105      582     9800 SH       DEFINED                     0     9800        0
MCKESSON                       $2.50 6/1/27     58155P501      538    10000 SH       DEFINED                     0    10000        0
MEDIA GEN INC                  CL A             584404107      425     6700 SH       DEFINED                     0     6700        0
MEDICIS PHARMACEUTICAL C       CL A NEW         584690309     3608    65000 SH       DEFINED                     0    65000        0
MEDIMMUNE INC                  COMMON           584699102    10774   273950 SH       DEFINED                     0   264800     9150
MEDTRONIC INC                  COMMON           585055106    38808   858387 SH       DEFINED                     0   851337     7050
MERCURY INTERACTIVE CORP       NOTE  4.750  7/0 589405AA7      413   500000 PRN      DEFINED                     0   500000        0
MERIT MED SYS INC              COMMON           589889104      260    12875 SH       DEFINED                     0    12875        0
METTLER TOLEDO INTERNATI       COMMON           592688105     1353    29900 SH       DEFINED                     0    29700      200
MGIC INVT CORP WIS             COMMON           552848103    10271   150100 SH       DEFINED                     0   149300      800
MICHAELS STORES INC            COMMON           594087108      567    15000 SH       DEFINED                     0    15000        0
MICROCHIP TECHNOLOGY INC       COMMON           595017104     2301    55000 SH       DEFINED                     0    55000        0
MICROSOFT CORP                 COMMON           594918104    76081  1261500 SH       DEFINED                     0  1255450     6050
MIDWAY GAMES INC               COMMON           598148104      983    73000 SH       DEFINED                     0    73000        0
MILLENNIUM PHARMACEUTICA       COMMON           599902103     2722   122000 SH       DEFINED                     0   122000        0
MIRANT TR I                    PFD CV SER A     60467Q102      314     8000 SH       DEFINED                     0     8000        0
MOBILE TELESYSTEMS OJSC        DEPOSITORY RECEI 607409109      256     7000 SH       DEFINED                     0     7000        0
MOHAWK INDS INC                COMMON           608190104    16775   279160 SH       DEFINED                     0   276660     2500
MONACO COACH CORP              COMMON           60886R103      559    23000 SH       DEFINED                     0    23000        0
MOORE LTD                      COMMON           615785102     1028    79000 SH       DEFINED                     0    79000        0
MOVIE GALLERY INC              COMMON           624581104      180    10500 SH       DEFINED                     0    10500        0
MSC SOFTWARE CORP              COMMON           553531104      368    16000 SH       DEFINED                     0    16000        0
MULTIMEDIA GAMES INC           COMMON           625453105      371    10500 SH       DEFINED                     0    10500        0
NATIONAL COMMERCE FINL C       COMMON           63545P104     1279    46000 SH       DEFINED                     0    46000        0
NATIONAL SEMICONDUCTOR C       COMMON           637640103      236     7000 SH       DEFINED                     0     7000        0
NAVISTAR INTL CORP NEW         COMMON           63934E108      585    13200 SH       DEFINED                     0    13200        0
NBTY INC                       COMMON           628782104     1228    72000 SH       DEFINED                     0    72000        0
NDCHEALTH CORP                 COMMON           639480102      273     7500 SH       DEFINED                     0     7500        0
NETBANK INC                    COMMON           640933107      177    10500 SH       DEFINED                     0    10500        0
NETWORKS ASSOCS INC            COMMON           640938106    25203  1041450 SH       DEFINED                     0  1034300     7150
NEUROCRINE BIOSCIENCES I       COMMON           64125C109     2833    69800 SH       DEFINED                     0    69800        0
NEW CENTURY FINANCIAL CO       COMMON           64352D101      250    11000 SH       DEFINED                     0    11000        0
NEW YORK CMNTY BANCORP I       COMMON           649445103     1604    58000 SH       DEFINED                     0    58000        0
NEWELL FINL TR I               QIPS CONV5.25%   651195307      494    12000 SH       DEFINED                     0    12000        0
NEWMONT MINING CORP HLDG       COMMON           651639106      415    15000 SH       DEFINED                     0    15000        0
NIKE INC                       CL B             654106103    15087   251400 SH       DEFINED                     0   249000     2400
NMT MED INC                    COMMON           629294109      136    17000 SH       DEFINED                     0    17000        0
NOBLE CORPORATION              SHS              G65422100    11233   271400 SH       DEFINED                     0   271400        0
NORFOLK SOUTHERN CORP          COMMON           655844108    13619   568900 SH       DEFINED                     0   567800     1100
NORTEL NETWORKS                SDCV  4.250 09/0 656566AA4        0   500000 PRN      DEFINED                     0   500000        0
NORTH FORK BANCORPORATIO       COMMON           659424105     5761   162000 SH       DEFINED                     0   162000        0
NORTHROP GRUMMAN CORP          COMMON           666807102     1344    11892 SH       DEFINED                     0    11892        0
NUEVO FING I                   TECONS SER A     670511203      289    10000 SH       DEFINED                     0    10000        0
NVIDIA CORP                    COMMON           67066G104     2662    60000 SH       DEFINED                     0    60000        0
O REILLY AUTOMOTIVE INC        COMMON           686091109     1875    59400 SH       DEFINED                     0    59400        0
OAKLEY INC                     COMMON           673662102      698    39000 SH       DEFINED                     0    39000        0
OFFICE DEPOT INC               COMMON           676220106     7225   364000 SH       DEFINED                     0   364000        0
OHIO CAS CORP                  COMMON           677240103     1140    60200 SH       DEFINED                     0    60200        0
OLD REP INTL CORP              COMMON           680223104     2526    79000 SH       DEFINED                     0    79000        0
OMNICARE INC                   COMMON           681904108      337    13000 SH       DEFINED                     0    13000        0
OMNICOM GROUP INC              COMMON           681919106    64032   678300 SH       DEFINED                     0   675200     3100
OMNIVISION TECHNOLOGIES        COMMON           682128103      154    14000 SH       DEFINED                     0    14000        0
ONI SYSTEMS CORP               NOTE  5.000 10/1 68273FAA1     1153  1500000 PRN      DEFINED                     0  1500000        0
ORACLE CORP                    COMMON           68389X105     6938   542000 SH       DEFINED                     0   538100     3900
OVERTURE SVCS INC              COMMON           69039R100     2373    85000 SH       DEFINED                     0    85000        0
OXFORD HEALTH PLANS INC        COMMON           691471106    16549   396000 SH       DEFINED                     0   396000        0
PACKAGING CORP AMER            COMMON           695156109     1445    73000 SH       DEFINED                     0    73000        0
PACTIV CORP                    COMMON           695257105     1181    59000 SH       DEFINED                     0    59000        0
PAIN THERAPEUTICS INC          COMMON           69562K100      124    13000 SH       DEFINED                     0    13000        0
PANERA BREAD CO                CL A             69840W108     1656    26000 SH       DEFINED                     0    26000        0
PATTERSON DENTAL CO            COMMON           703412106     2711    62000 SH       DEFINED                     0    62000        0
PAXAR CORP                     COMMON           704227107      172    10000 SH       DEFINED                     0    10000        0
PAYCHEX INC                    COMMON           704326107    11561   291200 SH       DEFINED                     0   291200        0
PEDIATRIX MED GROUP            COMMON           705324101      285     7000 SH       DEFINED                     0     7000        0
PENN NATL GAMING INC           COMMON           707569109     1205    34400 SH       DEFINED                     0    34400        0
PENNEY J C INC                 NOTE  5.000 10/1 708160BU9      933  1000000 PRN      DEFINED                     0  1000000        0
PENTAIR INC                    COMMON           709631105     1291    28700 SH       DEFINED                     0    28700        0
PEOPLESOFT INC                 COMMON           712713106    24934   682550 SH       DEFINED                     0   677700     4850
PEP BOYS MANNY MOE & JAC       COMMON           713278109     1997   120000 SH       DEFINED                     0   120000        0
PEPSI BOTTLING GROUP INC       COMMON           713409100     5484   212000 SH       DEFINED                     0   212000        0
PEPSICO INC                    COMMON           713448108    38555   748650 SH       DEFINED                     0   744800     3850
PERFORMANCE FOOD GROUP C       COMMON           713755106     3651   111800 SH       DEFINED                     0   111800        0
PERKIN ELMER                   SDCV  0.    08/0 714046AA7      661  1302000 PRN      DEFINED                     0  1302000        0
PERKINELMER INC                COMMON           714046109      222    12000 SH       DEFINED                     0    12000        0
PEROT SYS CORP                 CL A             714265105      894    44800 SH       DEFINED                     0    44800        0
PETROLEUM GEO-SVCS A/S         DEPOSITORY RECEI 716597109      202    31000 SH       DEFINED                     0    31000        0
PETSMART INC                   COMMON           716768106      190    14000 SH       DEFINED                     0    14000        0
PFIZER INC                     COMMON           717081103    34168   859800 SH       DEFINED                     0   852800     7000
PHARMACEUTICAL PROD DEV        COMMON           717124101     6109   175300 SH       DEFINED                     0   175300        0
PHARMACEUTICAL RES INC         COMMON           717125108      403    19000 SH       DEFINED                     0    19000        0
PHILIP MORRIS COS INC          COMMON           718154107    26048   494550 SH       DEFINED                     0   489200     5350
PIER 1 IMPORTS INC             COMMON           720279108     3480   169000 SH       DEFINED                     0   169000        0
PMI GROUP INC                  COMMON           69344M101     2576    34000 SH       DEFINED                     0    34000        0
POLARIS INDS INC               COMMON           731068102     1516    23800 SH       DEFINED                     0    23800        0
POLYCOM INC                    COMMON           73172K104    22155   900600 SH       DEFINED                     0   888500    12100
POPULAR INC                    COMMON           733174106      555    19000 SH       DEFINED                     0    19000        0
POSSIS MEDICAL INC             COMMON           737407106      217    11000 SH       DEFINED                     0    11000        0
POTOMAC ELEC PWR CO            COMMON           737679100      747    32000 SH       DEFINED                     0    32000        0
PRACTICEWORKS INC              COMMON           739419109      157    12000 SH       DEFINED                     0    12000        0
PRAXAIR INC                    COMMON           74005P104     4485    75000 SH       DEFINED                     0    75000        0
PRECISE SOFTWARE SOLUTIO       ORD              M41450103     1234    53000 SH       DEFINED                     0    53000        0
PRECISION CASTPARTS CORP       COMMON           740189105     2585    73000 SH       DEFINED                     0    73000        0
PROCTER & GAMBLE CO            COMMON           742718109    12072   134000 SH       DEFINED                     0   134000        0
PROGRESSIVE CORP OHIO          COMMON           743315103     8331    50000 SH       DEFINED                     0    50000        0
PRUDENTIAL FINL INC            COMMON           744320102      311    10000 SH       DEFINED                     0    10000        0
PSINET INC                     PFD C CV 6 3/4   74437C309       22    10000 SH       DEFINED                     0    10000        0
PSINET INC                     PFD CV D144A     74437C408       11    15000 SH       DEFINED                     0    15000        0
PUBLIC STORAGE INC             COMMON           74460D109     1147    31000 SH       DEFINED                     0    31000        0
PULTE HOMES INC                COMMON           745867101     9158   191400 SH       DEFINED                     0   188500     2900
QUADRAMED CORP                 COMMON           74730W101      160    18000 SH       DEFINED                     0    18000        0
QUALCOMM INC                   COMMON           747525103    20630   548100 SH       DEFINED                     0   547200      900
QUANTA SVCS INC                NOTE  4.000  7/0 74762EAA0      950  1350000 PRN      DEFINED                     0  1350000        0
QUANTUM CORP                   NOTE  7.000  8/0 747906AC9      465   500000 PRN      DEFINED                     0   500000        0
QUEST DIAGNOSTICS INC          COMMON           74834L100     7125    86000 SH       DEFINED                     0    86000        0
RACING CHAMPIONS ERTL CO       COMMON           750069106      193    10000 SH       DEFINED                     0    10000        0
RADIAN GROUP INC               COMMON           750236101     3387    69000 SH       DEFINED                     0    69000        0
RADIO ONE INC                  CL A             75040P108      200     9200 SH       DEFINED                     0     9200        0
RARE HOSPITALITY INTL IN       COMMON           753820109      483    19000 SH       DEFINED                     0    19000        0
RATIONAL SOFTWARE CORP         NOTE  5.000  2/0 75409PAA1      347   400000 PRN      DEFINED                     0   400000        0
RAYTHEON CO                    COM NEW          755111507     6560   159800 SH       DEFINED                     0   158400     1400
REDBACK NETWORKS INC           NOTE  5.000  4/0 757209AA9      263   500000 PRN      DEFINED                     0   500000        0
REEBOK INTL LTD                DBCV  4.250  3/0 758110AD2      517   500000 PRN      DEFINED                     0   500000        0
REEBOK INTL LTD                COMMON           758110100     5163   191000 SH       DEFINED                     0   191000        0
REGIONS FINL CORP              COMMON           758940100     5049   147000 SH       DEFINED                     0   147000        0
REINSURANCE GROUP              CV PFD $5.750    759351307      238     5000 SH       DEFINED                     0     5000        0
RELIANT ENERGY INC             COMMON           75952J108     1315    51000 SH       DEFINED                     0    51000        0
RENAISSANCE RE HLDGS LTD       COMMON           G7496G103     1298    12600 SH       DEFINED                     0    12600        0
RENT A CTR INC NEW             COMMON           76009N100     1482    29000 SH       DEFINED                     0    29000        0
RES-CARE INC                   NOTE  6.000 12/0 760943AC4      413   500000 PRN      DEFINED                     0   500000        0
RESMED INC                     COMMON           761152107      506    12600 SH       DEFINED                     0     9000     3600
RESTORATION HARDWARE INC       COMMON           760981100      175    14000 SH       DEFINED                     0    14000        0
RF MICRODEVICES INC            NOTE  3.750  8/1 749941AA8      849  1000000 PRN      DEFINED                     0  1000000        0
RF MICRODEVICES INC            COMMON           749941100     3365   188000 SH       DEFINED                     0   188000        0
RIGHT MGMT CONSULTANTS I       COMMON           766573109      304    12000 SH       DEFINED                     0    12000        0
ROADWAY CORP                   COMMON           769742107     1117    30200 SH       DEFINED                     0    30200        0
ROSS STORES INC                COMMON           778296103     4169   110200 SH       DEFINED                     0   110200        0
ROXIO INC                      COMMON           780008108      397    17500 SH       DEFINED                     0    17500        0
ROYAL DUTCH PETE CO            DEPOSITORY RECEI 780257804     1086    20000 SH       DEFINED                     0    20000        0
RUBY TUESDAY INC               COMMON           781182100     2678   115200 SH       DEFINED                     0   115200        0
RYANS FAMILY STEAK HOUSE       COMMON           783519101      240    10000 SH       DEFINED                     0    10000        0
S1 CORPORATION                 COMMON           78463B101     1081    70000 SH       DEFINED                     0    70000        0
SAFECO CORP                    COMMON           786429100      897    28000 SH       DEFINED                     0    28000        0
SAFEWAY INC                    COM NEW          786514208    17270   383600 SH       DEFINED                     0   382300     1300
SANGSTAT MED CORP              COMMON           801003104      346    12900 SH       DEFINED                     0    12900        0
SAPPI LTD                      DEPOSITORY RECEI 803069202      161    12000 SH       DEFINED                     0    12000        0
SBC COMMUNICATIONS INC         COMMON           78387G103      374    10000 SH       DEFINED                     0    10000        0
SCANSOFT INC                   COMMON           80603P107      171    29000 SH       DEFINED                     0    29000        0
SCHEIN HENRY INC               COMMON           806407102     2828    64200 SH       DEFINED                     0    64200        0
SCHOLASTIC CORP                COMMON           807066105     1355    25000 SH       DEFINED                     0    25000        0
SCHOOL SPECIALTY INC           NOTE  6.000  8/0 807863AC9      546   500000 PRN      DEFINED                     0   500000        0
SCIENTIFIC ATLANTA INC         COMMON           808655104      462    20000 SH       DEFINED                     0    20000        0
SCIENTIFIC GAMES CORP          CL A             80874P109      142    17000 SH       DEFINED                     0    17000        0
SCIOS INC                      COMMON           808905103     1151    39800 SH       DEFINED                     0    39800        0
SCP POOL CORP                  COMMON           784028102      785    25000 SH       DEFINED                     0    25000        0
SCRIPPS E W CO OHIO            CL A             811054204      821    10000 SH       DEFINED                     0    10000        0
SEALED AIR CORP NEW PFD        PFD CONVERTIBLE  81211K209     1376    30000 SH       DEFINED                     0    30000        0
SEARS ROEBUCK & CO             COMMON           812387108     3999    78000 SH       DEFINED                     0    78000        0
SEMTECH CORP                   COMMON           816850101     3212    88000 SH       DEFINED                     0    88000        0
SEMTECH CORP                   NOTE  4.500  2/0 816850AB7      548   500000 PRN      DEFINED                     0   500000        0
SEPRACOR INC                   COMMON           817315104      194    10000 SH       DEFINED                     0    10000        0
SIEBEL SYS INC                 COMMON           826170102     6568   201400 SH       DEFINED                     0   201400        0
SIERRA PAC RES NEW             COMMON           826428104      453    30000 SH       DEFINED                     0    30000        0
SIGMA ALDRICH CORP             COMMON           826552101     2912    62000 SH       DEFINED                     0    62000        0
SILICON IMAGE INC              COMMON           82705T102      196    23000 SH       DEFINED                     0    23000        0
SONIC AUTOMOTIVE INC           CL A             83545G102      809    27000 SH       DEFINED                     0    27000        0
SONIC CORP                     COMMON           835451105     1620    63000 SH       DEFINED                     0    63000        0
SOUTHERN CO                    COMMON           842587107     5404   204000 SH       DEFINED                     0   204000        0
SOUTHTRUST CORP                COMMON           844730101     7656   290000 SH       DEFINED                     0   290000        0
SOUTHWEST AIRLS CO             COMMON           844741108      581    30000 SH       DEFINED                     0    30000        0
SOVEREIGN BANCORP INC          COMMON           845905108     5458   388500 SH       DEFINED                     0   388500        0
SPORTS AUTH INC                COMMON           849176102      230    20000 SH       DEFINED                     0    20000        0
ST JUDE MED INC                COMMON           790849103     3981    51600 SH       DEFINED                     0    51600        0
STANLEY WKS                    COMMON           854616109     6938   150000 SH       DEFINED                     0   150000        0
STAPLES INC                    COMMON           855030102    15057   754000 SH       DEFINED                     0   754000        0
STARBUCKS CORP                 COMMON           855244109     4395   190000 SH       DEFINED                     0   190000        0
STATE STR CORP                 COMMON           857477103    28676   517800 SH       DEFINED                     0   515800     2000
STATEN IS BANCORP INC          COMMON           857550107     1130    57400 SH       DEFINED                     0    57400        0
STEAK N SHAKE CO               COMMON           857873103      141    10000 SH       DEFINED                     0    10000        0
STERICYCLE INC                 COMMON           858912108     1977    31600 SH       DEFINED                     0    31600        0
STILLWATER MNG CO              COMMON           86074Q102      415    22000 SH       DEFINED                     0    22000        0
STRYKER CORP                   COMMON           863667101    14169   234850 SH       DEFINED                     0   229000     5850
SUNGARD DATA SYS INC           COMMON           867363103     9232   280000 SH       DEFINED                     0   280000        0
SUNRISE ASSISTED LIVING        COMMON           86768K106    10959   402000 SH       DEFINED                     0   402000        0
SUPERVALU INC                  COMMON           868536103    17647   684000 SH       DEFINED                     0   684000        0
SYMANTEC CORP                  NOTE  3.000 11/0 871503AA6      348   250000 PRN      DEFINED                     0   250000        0
SYMANTEC CORP                  COMMON           871503108     4451   108000 SH       DEFINED                     0   108000        0
SYMBOL TECHNOLOGIES INC        COMMON           871508107      506    45000 SH       DEFINED                     0    45000        0
SYNOVUS FINL CORP              COMMON           87161C105     7193   236000 SH       DEFINED                     0   236000        0
SYSCO CORP                     COMMON           871829107    10568   354400 SH       DEFINED                     0   347800     6600
TALBOTS INC                    COMMON           874161102     1345    38000 SH       DEFINED                     0    38000        0
TARGET CORP                    COMMON           87612E106    27075   627900 SH       DEFINED                     0   627300      600
TARO PHARMACEUTICAL INDS       ORD              M8737E108     1956    69000 SH       DEFINED                     0    69000        0
TBC CORP                       COMMON           872180104      167    11500 SH       DEFINED                     0    11500        0
TCF FINL CORP                  COMMON           872275102     9128   173500 SH       DEFINED                     0   173500        0
TECH DATA CORP                 COMMON           878237106     4066    88600 SH       DEFINED                     0    88600        0
TECO ENERGY INC                COMMON           872375100     4953   173000 SH       DEFINED                     0   173000        0
TELEFLEX INC                   COMMON           879369106     2165    39600 SH       DEFINED                     0    39600        0
TELEFONOS DE MEXICO S A        DBCV  4.250  6/1 879403AD5     1411  1000000 PRN      DEFINED                     0  1000000        0
TELEPHONE & DATA SYS INC       COMMON           879433100     8168    92550 SH       DEFINED                     0    92550        0
TENET HEALTHCARE CORP          COMMON           88033G100    32843   490050 SH       DEFINED                     0   485700     4350
TESCO CORP                     COMMON           88157K101      149    12000 SH       DEFINED                     0    12000        0
TESORO PETE CORP               COMMON           881609101      464    33000 SH       DEFINED                     0    33000        0
TEVA PHARMACEUTICAL INDS       DEPOSITORY RECEI 881624209     1913    35000 SH       DEFINED                     0    35000        0
TEXTRON INC                    COMMON           883203101      710    13900 SH       DEFINED                     0    13900        0
THORNBURG MTG INC              COMMON           885218107     1327    66200 SH       DEFINED                     0    63000     3200
THQ INC                        COM NEW          872443403     3255    66300 SH       DEFINED                     0    66300        0
TICKETMASTER                   CL B             88633P203     1420    48000 SH       DEFINED                     0    48000        0
TJX COS INC NEW                NOTE         2/1 872540AL3      462   600000 PRN      DEFINED                     0   600000        0
TJX COS INC NEW                COMMON           872540109     2161    54000 SH       DEFINED                     0    54000        0
TOO INC                        COMMON           890333107     1828    62000 SH       DEFINED                     0    62000        0
TOTAL RENAL CARE HLDGS I       NOTE  7.000  5/1 89151AAC1      498   500000 PRN      DEFINED                     0   500000        0
TOWER AUTOMOTIVE INC           NOTE  5.000  8/0 891707AE1      455   500000 PRN      DEFINED                     0   500000        0
TRIAD HOSPITALS INC            COMMON           89579K109     1131    32900 SH       DEFINED                     0    32900        0
TRICON GLOBAL RESTAURANT       COMMON           895953107     4115    70000 SH       DEFINED                     0    70000        0
TRIGON HEALTHCARE INC          COMMON           89618L100     5699    77200 SH       DEFINED                     0    77200        0
TRIZETTO GROUP INC             COMMON           896882107      122    10000 SH       DEFINED                     0    10000        0
TV AZTECA S A DE C V           DEPOSITORY RECEI 901145102      150    17000 SH       DEFINED                     0    17000        0
TYCO INTL LTD NEW              COMMON           902124106    20340   629342 SH       DEFINED                     0   619642     9700
UCBH HOLDINGS INC              COMMON           90262T308     1022    28400 SH       DEFINED                     0    28400        0
UNION PACIFIC                  CV PFD TIDES     907824205      725    14500 SH       DEFINED                     0    14500        0
UNITED MICROELECTRONICS        DEPOSITORY RECEI 910873207      852    80000 SH       DEFINED                     0    80000        0
UNITED ONLINE INC              COMMON           911268100      241    28000 SH       DEFINED                     0    28000        0
UNITED PARCEL SERVICE IN       NOTE  1.750  9/2 911312AB2     1011  1000000 PRN      DEFINED                     0  1000000        0
UNITED RENTALS INC             COMMON           911363109      275    10000 SH       DEFINED                     0    10000        0
UNITED RENTALS TR I            QIPS CONV 6.5%   91136H306      288     7000 SH       DEFINED                     0     7000        0
UNITED STATES STL CORP N       COMMON           912909108      182    10000 SH       DEFINED                     0    10000        0
UNITED STATIONERS INC          COMMON           913004107      572    15000 SH       DEFINED                     0    15000        0
UNITEDHEALTH GROUP INC         COMMON           91324P102    10252   134150 SH       DEFINED                     0   130800     3350
UNITRIN INC                    COMMON           913275103      728    18100 SH       DEFINED                     0    18100        0
UNIVERSAL HLTH SVCS INC        CL B             913903100     9149   221800 SH       DEFINED                     0   221800        0
UNIVERSAL HLTH SVCS INC        DBCV   .426  6/2 913903AL4      500   900000 PRN      DEFINED                     0   900000        0
UNIVISION COMMUNICATIONS       CL A             914906102      798    19000 SH       DEFINED                     0    19000        0
UNUMPROVIDENT CORP             COMMON           91529Y106     9329   334000 SH       DEFINED                     0   333000     1000
URS CORP NEW                   COMMON           903236107      761    24000 SH       DEFINED                     0    24000        0
US BANCORP DEL                 COM NEW          902973304    11102   491900 SH       DEFINED                     0   489700     2200
USA ED INC                     COMMON           90390U102     6153    62910 SH       DEFINED                     0    60600     2310
USA INTERACTIVE                COMMON           902984103      540    17000 SH       DEFINED                     0    17000        0
V F CORP                       COMMON           918204108     3893    90000 SH       DEFINED                     0    90000        0
VALERO ENERGY                  $1.94            91821D107      381    10000 SH       DEFINED                     0    10000        0
VARIAN MED SYS INC             COMMON           92220P105    10863   265600 SH       DEFINED                     0   265600        0
VECTOR GROUP LTD               COMMON           92240M108      275     9600 SH       DEFINED                     0     9600        0
VECTOR GROUP LTD               NOTE  6.250  7/1 92240MAA6      521   500000 PRN      DEFINED                     0   500000        0
VERITAS SOFTWARE CORP /        NOTE  1.856  8/1 92343RAA1      321   250000 PRN      DEFINED                     0   250000        0
VIVUS INC                      COMMON           928551100      151    17000 SH       DEFINED                     0    17000        0
WAL MART STORES INC            COMMON           931142103    77212  1259580 SH       DEFINED                     0  1257500     2080
WALTER INDS INC                COMMON           93317Q105      145    11000 SH       DEFINED                     0    11000        0
WASHINGTON FED INC             COMMON           938824109     1580    66010 SH       DEFINED                     0    66010        0
WASHINGTON MUT INC             COMMON           939322103    11953   360785 SH       DEFINED                     0   358900     1885
WASHINGTON MUTUAL              CV PFD $5.375    93933U308      968    20000 SH       DEFINED                     0    20000        0
WASTE CONNECTIONS INC          COMMON           941053100      335    10000 SH       DEFINED                     0    10000        0
WATSCO INC                     COMMON           942622200      179    10000 SH       DEFINED                     0    10000        0
WEBSENSE INC                   COMMON           947684106      566    22500 SH       DEFINED                     0    22500        0
WEBSTER FINL CORP CONN         COMMON           947890109      973    26000 SH       DEFINED                     0    26000        0
WEIGHT WATCHERS INTL INC       COMMON           948626106      765    20000 SH       DEFINED                     0    20000        0
WELLPOINT HEALTH NETWORK       COMMON           94973H108     8005   125728 SH       DEFINED                     0   125728        0
WELLS FARGO & CO NEW           COMMON           949746101     6175   125000 SH       DEFINED                     0   125000        0
WEST MARINE INC                COMMON           954235107      210    10400 SH       DEFINED                     0    10400        0
WESTAMERICA BANCORPORATI       COMMON           957090103     1496    35000 SH       DEFINED                     0    35000        0
WHIRLPOOL CORP                 COMMON           963320106    12201   161500 SH       DEFINED                     0   161100      400
WHITEHALL JEWELLERS INC        COMMON           965063100      189    10000 SH       DEFINED                     0    10000        0
WHOLE FOODS MKT INC            COMMON           966837106     5780   126500 SH       DEFINED                     0   126500        0
WILLIS GROUP HOLDINGS LT       SHS              G96655108      618    25000 SH       DEFINED                     0    25000        0
WINN DIXIE STORES INC          COMMON           974280109      529    33000 SH       DEFINED                     0    33000        0
WINNEBAGO INDS INC             COMMON           974637100     1201    28600 SH       DEFINED                     0    28600        0
WOMEN FIRST HEALTHCARE         COMMON           978150100       99    10000 SH       DEFINED                     0    10000        0
XEROX CORP                     COMMON           984121103      430    40000 SH       DEFINED                     0    40000        0
XL CAP LTD                     CL A             G98255105     8775    94000 SH       DEFINED                     0    94000        0
YORK INTL CORP NEW             COMMON           986670107     1185    33000 SH       DEFINED                     0    33000        0
YOUNG & RUBICAM INC            NOTE  3.000  1/1 987425AC9      974  1000000 PRN      DEFINED                     0  1000000        0
ZIONS BANCORPORATION           COMMON           989701107    14610   246500 SH       DEFINED                     0   245600      900
ZORAN CORP                     COMMON           98975F101     2040    46700 SH       DEFINED                     0    46700        0