United States Securities and Exchange Commission Washington, DC 20549 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: March 31, 2001 Institutional Investment Manager Filing this Report: Name: Lockheed Martin Investment Management Company 6705 Rockledge Drive Suite 550 Bethesda, MD 20817 13F File Number #28-2847 Person signing this report on Behalf of Reporting Manager: Name: Wayne H. Shaner Title: Vice President Phone: 301-571-7127 Signature, Place, and Date of Signing: Wayne H. Shaner Bethesda, MD May 9, 2001 Report type: 13F Holdings Report List of other Managers reporting for this Manager: I am signing this report as required by the Securities Exchange Act of 1934. FORM 13F 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACE Limited COM G0070K103 1770 300000 SH SOLE 300000 AEP Industries Inc. COM 001031103 58221 1292006 SH SOLE 1292006 AGCO Corporation COM 001084102 3120 325000 SH SOLE 325000 ASA Ltd. COM 002050102 5755 349000 SH SOLE 349000 AT&T Corporation COM 001957109 4792 225000 SH SOLE 225000 Airborne Inc. COM 009269101 8259 812100 SH SOLE 812100 Alberto Culver Co. CL-A COM 013068200 5829 175000 SH SOLE 175000 Alcoa Inc. COM 013817101 6291 175000 SH SOLE 175000 Alleghany Corporation COM 017175100 4819 24095 SH SOLE 24095 Anglogold Limited Sponsored AD COM 035128206 14440 999312 SH SOLE 999312 Archer-Daniels-Midland COM 039483102 11835 900000 SH SOLE 900000 Berkshire Hathaway Inc. Cl B COM 084670207 36992 17000 SH SOLE 17000 Bethlehem Steel COM 087509105 3630 1500000 SH SOLE 1500000 Birmingham Steel COM 091250100 475 500000 SH SOLE 500000 Borden Chemical and Plastic COM 099541203 443 633000 SH SOLE 633000 Boston Scientific Corporation COM 101137107 12108 600000 SH SOLE 600000 Bowne & Company COM 103043105 11680 1057000 SH SOLE 1057000 Brookstone Inc. COM 114537103 7437 500000 SH SOLE 500000 Burlington Northern Santa Fe COM 12189t104 3797 125000 SH SOLE 125000 Carpenter Technology COM 144285103 11220 400000 SH SOLE 400000 Caterpillar Inc. COM 149123101 8876 200000 SH SOLE 200000 Chubb Corp. COM 171232101 2898 40000 SH SOLE 40000 Circuit City Stores COM 172737108 1060 100000 SH SOLE 100000 Cleveland-Cliffs Inc. COM 185896107 5400 300000 SH SOLE 300000 Coeur D Alene Mines Corp. COM 192108108 271 260181 SH SOLE 260181 ConAgra Inc. COM 205887102 12768 700000 SH SOLE 700000 Conoco Inc. Cl A COM 208251306 5620 200000 SH SOLE 200000 Corn Products International In COM 219023108 10264 400000 SH SOLE 400000 Cott Corporation COM 22163n106 11380 995000 SH SOLE 995000 Deere & Co. COM 244199105 6359 175000 SH SOLE 175000 Dow Jones & Company, Inc. COM 260561105 6544 125000 SH SOLE 125000 Du Pont (E. I.) de Nemours COM 263534109 27472 675000 SH SOLE 675000 Eastman Kodak Corp. COM 277461109 4986 125000 SH SOLE 125000 Esg Re Limited COM g31215109 669 255000 SH SOLE 255000 Fleetwood Enterprises COM 339099103 5339 590000 SH SOLE 590000 Flour Corporation COM 343412102 17800 400000 SH SOLE 400000 Ford Motor Company COM 345370860 7374 262226 SH SOLE 262226 Gannett Company COM 364730101 31353 525000 SH SOLE 525000 General Dynamics Corp COM 369550108 6274 100000 SH SOLE 100000 General Motors Corp. Cl H COM 370442832 12187 625000 SH SOLE 625000 Genuine Parts Co. COM 372460105 3239 125000 SH SOLE 125000 Germany Fund COM 374143105 206 25000 SH SOLE 25000 Gold Field Limited New, ADR COM 38059t106 2268 585344 SH SOLE 585344 Grainger, W.W. Inc. COM 384802104 16925 500000 SH SOLE 500000 Halliburton COM 406216101 3491 95000 SH SOLE 95000 Hecla Mining Co. COM 422704106 302 438100 SH SOLE 438100 Hecla Mining Preferred Conv. COM 422704205 275 35500 SH SOLE 35500 Helmerich & Payne Inc. COM 423452101 10880 235000 SH SOLE 235000 Hershey Foods Corp. COM 427866108 8665 125000 SH SOLE 125000 Hillenbrand Industries COM 431573104 6712 139000 SH SOLE 139000 Homestake Mining Co. COM 437614100 8413 1599430 SH SOLE 1599430 Horace Mann COM 440327104 2655 150000 SH SOLE 150000 Hubbell Inc. Cl B COM 443510201 14562 625000 SH SOLE 625000 IMC Global, Inc. COM 449669100 16728 1360000 SH SOLE 1360000 Imperial Chemical - ADR COM 452704505 3938 160000 SH SOLE 160000 Imperial Oil COM 453038408 4884 200000 SH SOLE 200000 Intermet COM 45881K104 151 55000 SH SOLE 55000 Kellogg Company COM 487836108 5406 200000 SH SOLE 200000 Kerr McGee Corp. COM 492386107 19470 300000 SH SOLE 300000 Kinross Gold Corp. COM 496902107 91 181618 SH SOLE 181618 La-Z-Boy Inc. COM 505336107 4450 250000 SH SOLE 250000 Leucadia National Corp COM 527288104 4825 150000 SH SOLE 150000 Loew's Corporation COM 540424108 38022 640000 SH SOLE 640000 Longview Fibre Company COM 543213102 4615 355000 SH SOLE 355000 Louisiana-Pacific Corporation COM 546347105 10571 1100000 SH SOLE 1100000 Mandalay Resort Group COM 562567107 2995 150000 SH SOLE 150000 Markel Corporation COM 570535104 21505 115000 SH SOLE 115000 Massey Energy Corporation COM 576206106 2392 100000 SH SOLE 100000 Mattel Inc. COM 577081102 8870 500000 SH SOLE 500000 McDonald's Corporation COM 580135101 7301 275000 SH SOLE 275000 Mead Corp. COM 582834107 5018 200000 SH SOLE 200000 Meridian Gold Inc. COM 589975101 1640 259500 SH SOLE 259500 Mesabi Trust COM 590672101 510 170000 SH SOLE 170000 Mississippi Chemical Corp. COM 605288208 3276 975000 SH SOLE 975000 Newmont Mining Corp. COM 651639106 18154 1126168 SH SOLE 1126168 Old Republic International COM 680223104 18602 655000 SH SOLE 655000 Pep Boys COM 713278109 1522 250000 SH SOLE 250000 Phelps Dodge COM 717265102 6027 150000 SH SOLE 150000 Phillip Morris Cos. COM 718154107 13049 275000 SH SOLE 275000 Phillips Petroleum Co. COM 718507106 18442 335000 SH SOLE 335000 Placer Dome, Inc. COM 725906101 10466 1210000 SH SOLE 1210000 Pope & Talbot COM 732827100 4960 400000 SH SOLE 400000 Potlatch Corp COM 737628107 7987 250000 SH SOLE 250000 Procter & Gamble COM 742718109 6260 100000 SH SOLE 100000 RPM Inc. (Ohio) COM 749685103 4335 425000 SH SOLE 425000 Railamerica Inc. COM 750753105 26792 2679162 SH SOLE 2679162 Rio Tinto Plc-Spon. ADR COM 767204100 1403 20000 SH SOLE 20000 Roadway Express Inc. COM 769742107 2200 100000 SH SOLE 100000 Royal Gold Inc. COM 780287108 1312 500000 SH SOLE 500000 Ruddick Corporation COM 781258108 3425 250000 SH SOLE 250000 SAFECO Corp. COM 786429100 14094 500000 SH SOLE 500000 San Juan Basin Rty Trust Unit COM 798241105 2302 150000 SH SOLE 150000 Sherwin-Williams Co. COM 824348106 4459 175000 SH SOLE 175000 St. Paul Companies COM 792860108 9691 220000 SH SOLE 220000 Tenneco Automotive Inc. COM 880349105 2100 750000 SH SOLE 750000 The Walt Disney Company COM 254687106 8580 300000 SH SOLE 300000 Thomas & Betts Corp. COM 884315102 6944 400000 SH SOLE 400000 Timken Company COM 887389104 8607 550000 SH SOLE 550000 Transportacion Maritima Mexica COM 893868208 49599 4154056 SH SOLE 4154056 Transportacion Maritima Mexica COM 893868307 39228 3697259 SH SOLE 3697259 Triarc Companies Inc. COM 895927101 43391 1763863 SH SOLE 1763863 UST Inc. COM 902911106 7512 250000 SH SOLE 250000 USX Marathon Group COM 902905827 16170 600000 SH SOLE 600000 USX-U.S. Steel Group COM 90337T101 12541 853700 SH SOLE 853700 Union Pacific Corp COM 907818108 14062 250000 SH SOLE 250000 Valero Energy Corp COM 91913y100 10650 300000 SH SOLE 300000 Visteon Corporation COM 92839u107 433 28805 SH SOLE 28805 Volvo AB ADR COM 928856400 1882 120000 SH SOLE 120000 Washington Post - Cl B COM 939640108 10404 18000 SH SOLE 18000 Weyerhaeuser Co. COM 962166104 10158 200000 SH SOLE 200000 XL Capital LTD - CL A COM G98255105 3803 50000 SH SOLE 50000