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

                                    FORM 13F

                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2001

If amended report check here:

Institutional Investment Manager Filing This Report:
Name:     The St. Paul Companies, Inc.
Address:  385 Washington Street
          St. Paul, MN  55102-1396

13F File Number:  28-62

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:     Bruce Backberg
Title:    Corporate Secretary
Phone:    (651) 310-7916

Signature, Place and Date of signing:

/s/ Bruce Backberg, St. Paul, Minnesota, July 31, 2001

Report Type (Check only one.):

[ X ]  13F HOLDINGS REPORT
[   ]  13F NOTICE
[   ]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                      1
Form 13F Information Table Entry Total:               352
Form 13F Information Table Value Total:        $1,554,762

List of Other Included Managers:

No.  13F Filing Number     Name
01   28-29                 ST. PAUL FIRE AND MARINE INSURANCE COMPANY




                           FORM 13F INFORMATION TABLE



NAME OF ISSUER                       TITLE OF CLASS   CUSIP    VALUE   SHARES  SH/ PUT/    INVESTMT  OTHER     VOTING AUTHORITY
                                                             (X$1000) PRN/AMT  PRN CALL    DSCRETN   MANAGERS  SOLE  SHARED   NONE
                                                                                            
 AFLAC INC                                    COMM    001055102       92      2,920  SH    SHARED                           2,920
 AOL TIME WARNER INC                          COMM    00184A105   30,929    583,560  SH    SHARED                         583,560
 AOL TIME WARNER INC                          COMM    00184A105      514      9,690  SH    SHARED                           9,690
 AOL TIME WARNER INC                          COMM    00184A105   22,189    418,656  SH    SOLE               418,656
 AMERICAN TELEPHONE & TELEGRAPH CO.           COMM    001957109      177      8,050  SH    SHARED                           8,050
 AT&T CORP - LIBERTY MEDIA CL A               COMM    001957208   11,585    662,400  SH    SHARED                         662,400




                                                                                            
 AT&T CORP - LIBERTY MEDIA CL A               COMM    001957208    7,696    440,022  SH    SOLE               440,022
 ABBOTT LABORATORIES                          COMM    002824100   13,680    285,000  SH    SHARED                         285,000
 ABBOTT LABORATORIES                          COMM    002824100      159      3,310  SH    SHARED                           3,310
 ABBOTT LABORATORIES                          COMM    002824100    8,986    187,200  SH    SOLE               187,200
 AGILENT TECH                                 COMM    00846U101       33      1,029  SH    SHARED                           1,029
 ALCOA INC                                    COMM    013817101    7,092    180,000  SH    SHARED                         180,000
 ALCOA INC                                    COMM    013817101    4,687    118,950  SH    SOLE               118,950
 ALLIANCE CAP                                 COMM    01855A101       73      1,370  SH    SHARED                           1,370
 ALLIED WASTE                                 COMM    019589308      107      5,730  SH    SHARED                           5,730
 ALLSTATE CORP.                               COMM    020002101      330      7,500  SH    SHARED                           7,500
 AMERICAN EXPRESS COMPANY                     COMM    025816109    2,875     74,100  SH    SHARED                          74,100
 AMERICAN EXPRESS COMPANY                     COMM    025816109      107      2,760  SH    SHARED                           2,760
 AMERICAN EXPRESS COMPANY                     COMM    025816109    1,819     46,869  SH    SOLE                46,869
 AMERICAN HOME PRODUCTS                       COMM    026609107   16,039    273,000  SH    SHARED                         273,000
 AMERICAN HOME PRODUCTS                       COMM    026609107      166      2,830  SH    SHARED                           2,830
 AMERICAN HOME PRODUCTS                       COMM    026609107    7,340    124,940  SH    SOLE               124,940
 AMERICAN INTERNATIONAL GROUP, INC.           COMM    026874107   25,077    294,990  SH    SHARED                         294,990
 AMERICAN INTERNATIONAL GROUP, INC.           COMM    026874107      432      5,080  SH    SHARED                           5,080
 AMERICAN INTERNATIONAL GROUP, INC.           COMM    026874107   16,500    194,089  SH    SOLE               194,089
 ANADARKO PETROLEUM CO                        COMM    032511107       37        690  SH    SHARED                             690
 ANHEUSER BUSCH COS. INC.                     COMM    035229103       81      1,970  SH    SHARED                           1,970
 APPLIED MICRO CIRCUIT CORP.                  COMM    03822W109    1,290     75,000  SH    SHARED                          75,000
 APPLIED MICRO CIRCUIT CORP.                  COMM    03822W109       11        620  SH    SHARED                             620
 APPLIED MICRO CIRCUIT CORP.                  COMM    03822W109      865     50,290  SH    SOLE                50,290
 ATMEL CORP.                                  COMM    049513104    4,712    349,300  SH    SHARED                         349,300
 ATMEL CORP.                                  COMM    049513104    3,029    224,520  SH    SOLE               224,520
 AUTODESK, INC                                COMM    052769106       41      1,090  SH    SHARED                           1,090
 AUTOMATIC DATA PROCESSING                    COMM    053015103    2,636     53,040  SH    SHARED                          53,040
 AUTOMATIC DATA PROCESSING                    COMM    053015103       69      1,390  SH    SHARED                           1,390
 AUTOMATIC DATA PROCESSING                    COMM    053015103    1,590     32,000  SH    SOLE                32,000
 AUTONATION INC.                              COMM    05329W102      154     13,270  SH    SHARED                          13,270
 BB&T CORP                                    COMM    054937107      167      4,550  SH    SHARED                           4,550
 BP AMOCO PLC (ADR)                           COMM    055622104      502     10,080  SH    SHARED                          10,080
 BP AMOCO PLC (ADR)                           COMM    055622104    3,220     64,596  SH    SHARED                          64,596
 BP AMOCO PLC (ADR)                           COMM    055622104    1,613     32,352  SH    SOLE                32,352
 BANK OF AMERICA CORP                         COMM    060505104    3,602     60,000  SH    SHARED                          60,000
 BANK OF AMERICA CORP                         COMM    060505104      215      3,580  SH    SHARED                           3,580
 BANK OF AMERICA CORP                         COMM    060505104    2,410     40,140  SH    SOLE                40,140
 BANK OF NEW YORK CO., INC.                   COMM    064057102    5,760    120,000  SH    SHARED                         120,000
 BANK OF NEW YORK CO., INC.                   COMM    064057102       78      1,630  SH    SHARED                           1,630
 BANK OF NEW YORK CO., INC.                   COMM    064057102    3,863     80,480  SH    SOLE                80,480
 BANK ONE CORP.                               COMM    06423A103       90      2,520  SH    SHARED                           2,520
 BAXTER INTERNATIONAL INC.                    COMM    071813109    6,060    120,000  SH    SHARED                         120,000
 BAXTER INTERNATIONAL INC.                    COMM    071813109    4,054     80,270  SH    SOLE                80,270
 BELL SOUTH CORP.                             COMM    079860102      383      9,500  SH    SHARED                           9,500
 BERKSHIRE HATHAWAY A                         COMM    084670108    8,675        124  SH    SHARED                             124
 BERKSHIRE HATHAWAY A                         COMM    084670108      486          7  SH    SHARED                               7
 BERKSHIRE HATHAWAY A                         COMM    084670108    5,483         76  SH    SOLE                    76




                                                                                            
 BOEING COMPANY                               COMM    097023105      181      3,250  SH    SHARED                           3,250
 BRISTOL-MYERS SQUIBB CO.                     COMM    110122108   15,188    290,400  SH    SHARED                         290,400
 BRISTOL-MYERS SQUIBB CO.                     COMM    110122108      218      4,170  SH    SHARED                           4,170
 BRISTOL-MYERS SQUIBB CO.                     COMM    110122108   11,017    210,646  SH    SOLE               210,646
 BROADCOM CORP                                COMM    111320107       19        440  SH    SHARED                             440
 CSX CORP                                     COMM    126408103    2,174     60,000  SH    SHARED                          60,000
 CSX CORP                                     COMM    126408103    1,326     36,590  SH    SOLE                36,590
 CVS CORP.                                    COMM    126650100       56      1,460  SH    SHARED                           1,460
 CDN PAC LTD                                  COMM    135923100       84      2,160  SH    SHARED                           2,160
 CAP ONE FIN                                  COMM    14040H105    9,925    165,000  SH    SHARED                         165,000
 CAP ONE FIN                                  COMM    14040H105    6,631    110,240  SH    SOLE               110,240
 CARDINAL HEALTH INC.                         COMM    14149Y108       64        930  SH    SHARED                             930
 CATELLUS DEVELOPMENT                         COMM    149111106      118      6,780  SH    SHARED                           6,780
 CELESTICA                                    COMM    15101Q108    9,785    190,000  SH    SHARED                         190,000
 CELESTICA                                    COMM    15101Q108    7,372    143,140  SH    SOLE               143,140
 CHEVRON CORP                                 COMM    166751107      126      1,390  SH    SHARED                           1,390
 CISCO SYSTEMS INC.                           COMM    17275R102   17,067    937,720  SH    SHARED                         937,720
 CISCO SYSTEMS INC.                           COMM    17275R102      329     18,080  SH    SHARED                          18,080
 CISCO SYSTEMS INC.                           COMM    17275R102   11,642    639,692  SH    SOLE               639,692
 CITIGROUP INC                                COMM    172967101   32,910    622,824  SH    SHARED                         622,824
 CITIGROUP INC                                COMM    172967101      587     11,100  SH    SHARED                          11,100
 CITIGROUP INC                                COMM    172967101   21,702    410,715  SH    SOLE               410,715
 CLEAR CHANNEL                                COMM    184502102   10,801    172,260  SH    SHARED                         172,260
 CLEAR CHANNEL                                COMM    184502102    7,728    123,251  SH    SOLE               123,251
 COCA COLA CO                                 COMM    191216100   14,076    312,806  SH    SHARED                         312,806
 COCA COLA CO                                 COMM    191216100      241      5,360  SH    SHARED                           5,360
 COCA COLA CO                                 COMM    191216100    9,385    208,557  SH    SOLE               208,557
 COLGATE POLMOLIVE CO                         COMM    194162103       71      1,210  SH    SHARED                           1,210
 COMCAST CORP. CL A                           COMM    200300200    4,557    105,000  SH    SHARED                         105,000
 COMCAST CORP. CL A                           COMM    200300200    3,048     70,240  SH    SOLE                70,240
 COMPAQ COMPUTER                              COMM    204493100      119      7,770  SH    SHARED                           7,770
 COMPUTER ASSOCIATES INTL, INC.               COMM    204912109       52      1,450  SH    SHARED                           1,450
 COMPUTER SCIENCES CORP                       COMM    205363104       43      1,230  SH    SHARED                           1,230
 COMVERSE TECHNOLOGY                          COMM    205862402    8,615    150,880  SH    SHARED                         150,880
 COMVERSE TECHNOLOGY                          COMM    205862402    5,624     98,500  SH    SOLE                98,500
 CONCORD EFS INC.                             COMM    206197105       97      1,870  SH    SHARED                           1,870
 DARDEN RESTAURANTS INC.                      COMM    237194105    5,859    210,000  SH    SHARED                         210,000
 DARDEN RESTAURANTS INC.                      COMM    237194105    3,912    140,210  SH    SOLE               140,210
 DELL COMPUTER CORP                           COMM    247025109    6,276    240,000  SH    SHARED                         240,000
 DELL COMPUTER CORP                           COMM    247025109      248      9,490  SH    SHARED                           9,490
 DELL COMPUTER CORP                           COMM    247025109    4,198    160,550  SH    SOLE               160,550
 DEVON ENERGY CORP.                           COMM    25179M103       76      1,440  SH    SHARED                           1,440
 DIEBOLD                                      COMM    253651103       78      2,420  SH    SHARED                           2,420
 DISNEY, WALT CO.                             COMM    254687106    3,467    120,000  SH    SHARED                         120,000
 DISNEY, WALT CO.                             COMM    254687106      130      4,490  SH    SHARED                           4,490
 DISNEY, WALT CO.                             COMM    254687106    2,319     80,270  SH    SOLE                80,270
 DONNELLEY (R R) & SONS INC.                  COMM    257867101       84      2,830  SH    SHARED                           2,830
 DOW CHEMICAL COMPANY                         COMM    260543103    3,297     99,165  SH    SHARED                          99,165




                                                                                            
 DOW CHEMICAL COMPANY                         COMM    260543103    2,080     62,561  SH    SOLE                62,561
 DU PONT E I DE NEMOURS AND CO.               COMM    263534109      110      2,290  SH    SHARED                           2,290
 DUKE POWER                                   COMM    264399106    5,852    150,000  SH    SHARED                         150,000
 DUKE POWER                                   COMM    264399106      334      8,560  SH    SHARED                           8,560
 DUKE POWER                                   COMM    264399106    3,828     98,120  SH    SOLE                98,120
 DUKE REALTY INVESTMENTS, INC.                COMM    264411505      121      4,850  SH    SHARED                           4,850
 EMC CORP.                                    COMM    268648102    5,115    174,860  SH    SHARED                         174,860
 EMC CORP.                                    COMM    268648102      139      4,740  SH    SHARED                           4,740
 EMC CORP.                                    COMM    268648102    3,304    112,970  SH    SOLE               112,970
 EOG RESOURCES INC                            COMM    26875P101       75      2,110  SH    SHARED                           2,110
 EBIX.COM INC                                 COMM    278715107       24     12,785  SH    SHARED                          12,785
 ECOLAB INC                                   COMM    278865100    4,273    104,300  SH    SHARED                         104,300
 ECOLAB INC                                   COMM    278865100    2,557     62,401  SH    SOLE                62,401
 EDWARDS (AG) INC                             COMM    281760108      117      2,590  SH    SHARED                           2,590
 ELAN CORP., PLC                              COMM    284131208    2,074     34,000  SH    SHARED                          34,000
 ELAN CORP., PLC                              COMM    284131208    1,037     17,000  SH    SOLE                17,000
 ELECTRONIC DATA SYSTEMS                      COMM    285661104       63      1,000  SH    SHARED                           1,000
 EMERSON ELECTRIC COMPANY                     COMM    291011104       58        960  SH    SHARED                             960
 ENRON CORP.                                  COMM    293561106       74      1,510  SH    SHARED                           1,510
 EXXON MOBIL CORP                             COMM    30231G102   18,135    207,618  SH    SHARED                         207,618
 EXXON MOBIL CORP                             COMM    30231G102      670      7,670  SH    SHARED                           7,670
 EXXON MOBIL CORP                             COMM    30231G102   12,032    137,750  SH    SOLE               137,750
 FED HOME LOAN MTG CO.                        COMM    313400301   10,208    150,000  SH    SHARED                         150,000
 FED HOME LOAN MTG CO.                        COMM    313400301      101      1,480  SH    SHARED                           1,480
 FED HOME LOAN MTG CO.                        COMM    313400301    6,587     96,800  SH    SOLE                96,800
 (R) FEDERAL NATIONAL MORTGAGE                COMM    313586109   15,305    180,000  SH    SHARED                         180,000
 (R) FEDERAL NATIONAL MORTGAGE                COMM    313586109      675      7,941  SH    SHARED                           7,941
 (R) FEDERAL NATIONAL MORTGAGE                COMM    313586109   10,088    118,640  SH    SOLE               118,640
 FIFTH THIRD BANCORP.                         COMM    316773100    9,548    159,000  SH    SHARED                         159,000
 FIFTH THIRD BANCORP.                         COMM    316773100       57        950  SH    SHARED                             950
 FIFTH THIRD BANCORP.                         COMM    316773100    6,388    106,370  SH    SOLE               106,370
 FILENET CORPORATION                          COMM    316869106      247     35,616  SH    SHARED                          35,616
 FIRST HEALTH GROUP                           COMM    320960107      150      6,220  SH    SHARED                           6,220
 FIRST UNION CORP.                            COMM    337358105       63      1,810  SH    SHARED                           1,810
 FLEETBOSTON FINANCIAL                        COMM    339030108       73      1,850  SH    SHARED                           1,850
 FORD MOTOR CO                                COMM    345370860    5,892    240,000  SH    SHARED                         240,000
 FORD MOTOR CO                                COMM    345370860      101      4,110  SH    SHARED                           4,110
 FORD MOTOR CO                                COMM    345370860    3,942    160,560  SH    SOLE               160,560
 FOX ENTERTAINMENT GROUP                      COMM    35138T107    7,952    285,000  SH    SHARED                         285,000
 FOX ENTERTAINMENT GROUP                      COMM    35138T107    5,319    190,660  SH    SOLE               190,660
 FRANKLIN RESOURCES                           COMM    354613101       90      1,960  SH    SHARED                           1,960
 GARDEN FRESH COMMON                          COMM    365235100    2,682    392,104  SH    SHARED                         392,104
 GENENTECH                                    COMM    368710406   11,461    208,000  SH    SHARED                         208,000
 GENENTECH                                    COMM    368710406    7,316    132,780  SH    SOLE               132,780
 GENL DYNAMICS                                COMM    369550108      268      3,450  SH    SHARED                           3,450
 GENERAL ELECTRIC CO.                         COMM    369604103   39,882    818,100  SH    SHARED                         818,100
 GENERAL ELECTRIC CO.                         COMM    369604103    1,167     23,930  SH    SHARED                          23,930
 GENERAL ELECTRIC CO.                         COMM    369604103   26,240    538,264  SH    SOLE               538,264




                                                                                            
 GENERAL MILLS INC                            COMM    370334104       69      1,570  SH    SHARED                           1,570
 GENERAL MOTORS                               COMM    370442105       75      1,170  SH    SHARED                           1,170
 INTERDENT, INC.                              COMM    37245B102       65    262,353  SH    SHARED                         262,353
 GILLETTE CO.                                 COMM    375766102       63      2,170  SH    SHARED                           2,170
 GLOBAL ONLINE INDIA INC                      COMM    37940N104        0        706  SH    SHARED                             706
 GOLDMAN SACHS GROUP                          COMM    38141G104    2,574     30,000  SH    SHARED                          30,000
 GOLDMAN SACHS GROUP                          COMM    38141G104    1,716     20,000  SH    SOLE                20,000
 HCA INC COM                                  COMM    404119109   12,201    270,000  SH    SHARED                         270,000
 HCA INC COM                                  COMM    404119109    8,036    177,830  SH    SOLE               177,830
 HEWLETT-PACKARD                              COMM    428236103      122      4,250  SH    SHARED                           4,250
 HOME DEPOT, INC.                             COMM    437076102   10,437    224,200  SH    SHARED                         224,200
 HOME DEPOT, INC.                             COMM    437076102      236      5,080  SH    SHARED                           5,080
 HOME DEPOT, INC.                             COMM    437076102    7,243    155,594  SH    SOLE               155,594
 HONEYWELL INTERNATIONAL                      COMM    438516106    6,123    175,000  SH    SHARED                         175,000
 HONEYWELL INTERNATIONAL                      COMM    438516106       91      2,590  SH    SHARED                           2,590
 HONEYWELL INTERNATIONAL                      COMM    438516106    4,308    123,130  SH    SOLE               123,130
 HOUSEHOLD INTERNATIONAL, INC.                COMM    441815107       65        980  SH    SHARED                             980
 ICO INC PFD                                  PREF    449293307      260     20,000  SH    SHARED                          20,000
 ISTAR FINANCIAL INC                          COMM    45031U101       85      3,030  SH    SHARED                           3,030
 IMMUNEX CRP NEW                              COMM    452528102    4,260    240,000  SH    SHARED                         240,000
 IMMUNEX CRP NEW                              COMM    452528102    2,810    158,320  SH    SOLE               158,320
 INTEL CORP                                   COMM    458140100   13,229    452,260  SH    SHARED                         452,260
 INTEL CORP                                   COMM    458140100      653     22,340  SH    SHARED                          22,340
 INTEL CORP                                   COMM    458140100    8,708    297,720  SH    SOLE               297,720
 INTERNATIONAL BUSINESS MACHINES CORP CAP     COMM    459200101   11,680    103,360  SH    SHARED                         103,360
 INTERNATIONAL BUSINESS MACHINES CORP CAP     COMM    459200101      573      5,070  SH    SHARED                           5,070
 INTERNATIONAL BUSINESS MACHINES CORP CAP     COMM    459200101    7,833     69,318  SH    SOLE                69,318
 INTERNATIONAL PAPER CO                       COMM    460146103    4,284    120,000  SH    SHARED                         120,000
 INTERNATIONAL PAPER CO                       COMM    460146103    2,803     78,510  SH    SOLE                78,510
 INTRA BIOTICS                                COMM    46116T100    2,052  1,886,828  SH    SHARED                       1,886,828
 I2 TECHNOLOGIES, INC.                        COMM    465754109    3,564    180,000  SH    SHARED                         180,000
 I2 TECHNOLOGIES, INC.                        COMM    465754109    2,384    120,390  SH    SOLE               120,390
 JP MORGAN CHASE & CO                         COMM    46625H100    6,356    142,500  SH    SHARED                         142,500
 JP MORGAN CHASE & CO                         COMM    46625H100      178      3,996  SH    SHARED                           3,996
 JP MORGAN CHASE & CO                         COMM    46625H100    3,930     88,121  SH    SOLE                88,121
 JOHNSON & JOHNSON                            COMM    478160104   11,000    220,000  SH    SHARED                         220,000
 JOHNSON & JOHNSON                            COMM    478160104      301      6,020  SH    SHARED                           6,020
 JOHNSON & JOHNSON                            COMM    478160104   12,793    255,862  SH    SOLE               255,862
 JUNIPER NETWORKS INC.                        COMM    48203R104    2,799     90,000  SH    SHARED                          90,000
 JUNIPER NETWORKS INC.                        COMM    48203R104    1,873     60,210  SH    SOLE                60,210
 KAUFMAN & BROAD HOME CORP.                   COMM    48666K109      169      5,600  SH    SHARED                           5,600
 KIMBERLY-CLARK CORP.                         COMM    494368103    3,868     69,200  SH    SHARED                          69,200
 KIMBERLY-CLARK CORP.                         COMM    494368103       63      1,120  SH    SHARED                           1,120
 KIMBERLY-CLARK CORP.                         COMM    494368103    2,512     44,932  SH    SOLE                44,932
 KOHL'S CORP.                                 COMM    500255104    4,767     76,000  SH    SHARED                          76,000
 KOHL'S CORP.                                 COMM    500255104    3,031     48,320  SH    SOLE                48,320
 KOREA TELECOM CORP. ADR                      COMM    50063P103    1,231     56,000  SH    SHARED                          56,000
 KOREA TELECOM CORP. ADR                      COMM    50063P103      615     28,000  SH    SOLE                28,000




                                                                                            
 L THREE COMM HOLDINGS                        COMM    502424104    9,538    125,000  SH    SHARED                         125,000
 L THREE COMM HOLDINGS                        COMM    502424104    6,378     83,590  SH    SOLE                83,590
 LEAR SEATING                                 COMM    521865105       60      1,710  SH    SHARED                           1,710
 LILLY, ELI & CO.                             COMM    532457108    7,770    105,000  SH    SHARED                         105,000
 LILLY, ELI & CO.                             COMM    532457108      180      2,430  SH    SHARED                           2,430
 LILLY, ELI & CO.                             COMM    532457108    5,199     70,250  SH    SOLE                70,250
 LOEWS CORP.                                  COMM    540424108      305      4,740  SH    SHARED                           4,740
 LUCENT TECHNOLOGIES INC.                     COMM    549463107       43      6,900  SH    SHARED                           6,900
 MBNA CORP.                                   COMM    55262L100   10,040    304,250  SH    SHARED                         304,250
 MBNA CORP.                                   COMM    55262L100      172      5,210  SH    SHARED                           5,210
 MBNA CORP.                                   COMM    55262L100    6,663    201,902  SH    SOLE               201,902
 MANUGISTICS GROUP INC                        COMM    565011103    1,130     45,000  SH    SHARED                          45,000
 MANUGISTICS GROUP INC                        COMM    565011103      755     30,090  SH    SOLE                30,090
 MARSH & MCLENNAN COS INC                     COMM    571748102       59        580  SH    SHARED                             580
 MASTEC INC.                                  COMM    576323109       84      6,380  SH    SHARED                           6,380
 MATTEL, INC.                                 COMM    577081102       57      3,020  SH    SHARED                           3,020
 MCDONALD'S CORP                              COMM    580135101       76      2,820  SH    SHARED                           2,820
 MEDTRONIC INC                                COMM    585055106   14,318    311,200  SH    SHARED                         311,200
 MEDTRONIC INC                                COMM    585055106      119      2,590  SH    SHARED                           2,590
 MEDTRONIC INC                                COMM    585055106    9,367    203,584  SH    SOLE               203,584
 MELLON FINANCIAL CORP                        COMM    58551A108    8,738    195,000  SH    SHARED                         195,000
 MELLON FINANCIAL CORP                        COMM    58551A108    5,716    127,570  SH    SOLE               127,570
 MERCK AND CO INC                             COMM    589331107      322      5,040  SH    SHARED                           5,040
 MERRILL LYNCH & CO.                          COMM    590188108   13,272    224,000  SH    SHARED                         224,000
 MERRILL LYNCH & CO.                          COMM    590188108      112      1,890  SH    SHARED                           1,890
 MERRILL LYNCH & CO.                          COMM    590188108    8,581    144,820  SH    SOLE               144,820
 MICROSOFT CORP.                              COMM    594918104   41,046    562,280  SH    SHARED                         562,280
 MICROSOFT CORP.                              COMM    594918104      859     11,770  SH    SHARED                          11,770
 MICROSOFT CORP.                              COMM    594918104   26,964    369,372  SH    SOLE               369,372
 MID-AMERICA APT. COMMUNITIES                 COMM    59522J103    2,559    100,000  SH    SHARED                         100,000
 MINNESOTA MINING AND MANUFACTURING CO        COMM    604059105    6,846     60,000  SH    SHARED                          60,000
 MINNESOTA MINING AND MANUFACTURING CO        COMM    604059105      100        880  SH    SHARED                             880
 MINNESOTA MINING AND MANUFACTURING CO        COMM    604059105    4,580     40,140  SH    SOLE                40,140
 MONSANTO COMPANY                             COMM    61166W101    4,440    120,000  SH    SHARED                         120,000
 MONSANTO COMPANY                             COMM    61166W101    2,971     80,290  SH    SOLE                80,290
 MORGAN STANLEY DEAN WITT                     COMM    617446448    3,854     60,000  SH    SHARED                          60,000
 MORGAN STANLEY DEAN WITT                     COMM    617446448      160      2,487  SH    SHARED                           2,487
 MORGAN STANLEY DEAN WITT                     COMM    617446448    2,578     40,130  SH    SOLE                40,130
 MOTOROLA INC                                 COMM    620076109       42      2,550  SH    SHARED                           2,550
 NTL INC                                      COMM    629407107      501     41,600  SH    SHARED                          41,600
 NTL INC                                      COMM    629407107      251     20,800  SH    SOLE                20,800
 NASDAQ - 100 SHARES                          COMM    631100104   17,823    390,000  SH    SHARED                         390,000
 NASDAQ - 100 SHARES                          COMM    631100104   11,907    260,550  SH    SOLE               260,550
 NET4MUSIC INC                                COMM    64111E101       34     33,545  SH    SHARED                          33,545
 NOKIA CORP. ADR                              COMM    654902204    6,346    286,000  SH    SHARED                         286,000
 NOKIA CORP. ADR                              COMM    654902204    3,406    153,480  SH    SOLE               153,480
 NORTEL NETWORK CORPORATION                   COMM    656568102       24      2,670  SH    SHARED                           2,670
 OLD REPUBLIC INTERNATIONAL CORP.             COMM    680223104       55      1,900  SH    SHARED                           1,900




                                                                                            
 ORACLE CORPORATION                           COMM    68389X105    7,767    408,800  SH    SHARED                         408,800
 ORACLE CORPORATION                           COMM    68389X105      119      6,250  SH    SHARED                           6,250
 ORACLE CORPORATION                           COMM    68389X105    5,112    269,036  SH    SOLE               269,036
 PPL CORPORATION                              COMM    69351T106       52        940  SH    SHARED                             940
 PEPSICO INC                                  COMM    713448108    9,914    224,300  SH    SHARED                         224,300
 PEPSICO INC                                  COMM    713448108       45      1,020  SH    SHARED                           1,020
 PEPSICO INC                                  COMM    713448108    6,616    149,691  SH    SOLE               149,691
 (R) PETROCORP INC.                           COMM    71645N101    8,110  1,731,000  SH    SHARED                       1,731,000
 PFIZER INC                                   COMM    717081103   21,757    543,250  SH    SHARED                         543,250
 PFIZER INC                                   COMM    717081103      550     13,740  SH    SHARED                          13,740
 PFIZER INC                                   COMM    717081103   14,165    353,690  SH    SOLE               353,690
 PHARMACIA CORP.                              COMM    71713U102    2,757     60,000  SH    SHARED                          60,000
 PHARMACIA CORP.                              COMM    71713U102      128      2,780  SH    SHARED                           2,780
 PHARMACIA CORP.                              COMM    71713U102    1,702     37,040  SH    SOLE                37,040
 PHILIP MORRIS COS INC                        COMM    718154107    9,135    180,000  SH    SHARED                         180,000
 PHILIP MORRIS COS INC                        COMM    718154107      755     14,870  SH    SHARED                          14,870
 PHILIP MORRIS COS INC                        COMM    718154107    6,111    120,420  SH    SOLE               120,420
 POPULAR INC                                  COMM    733174106      119      3,610  SH    SHARED                           3,610
 PRICE (T. ROWE) ASSOCIATES                   COMM    74144T108       63      1,690  SH    SHARED                           1,690
 PROCTER AND GAMBLE                           COMM    742718109    7,656    120,000  SH    SHARED                         120,000
 PROCTER AND GAMBLE                           COMM    742718109      180      2,820  SH    SHARED                           2,820
 PROCTER AND GAMBLE                           COMM    742718109    5,065     79,390  SH    SOLE                79,390
 PROGRESSIVE CORP.                            COMM    743315103      134        990  SH    SHARED                             990
 PROLOGIS TRUST                               COMM    743410102       73      3,210  SH    SHARED                           3,210
 QUAKER OATS                                  COMM    747402105      117      1,280  SH    SHARED                           1,280
 QWEST COMMUNICATIONS                         COMM    749121109    8,605    270,000  SH    SHARED                         270,000
 QWEST COMMUNICATIONS                         COMM    749121109      113      3,560  SH    SHARED                           3,560
 QWEST COMMUNICATIONS                         COMM    749121109    5,657    177,490  SH    SOLE               177,490
 RELIANT ENERGY INC                           COMM    75952J108      184      5,710  SH    SHARED                           5,710
 ROBT HALF INTL                               COMM    770323103      140      5,630  SH    SHARED                           5,630
 ROYAL DUTCH PETROLEUM CO.                    COMM    780257804      273      4,680  SH    SHARED                           4,680
 SBC COMMUNICATIONS INC.                      COMM    78387G103   10,871    271,361  SH    SHARED                         271,361
 SBC COMMUNICATIONS INC.                      COMM    78387G103      504     12,590  SH    SHARED                          12,590
 SBC COMMUNICATIONS INC.                      COMM    78387G103    7,142    178,285  SH    SOLE               178,285
 SEI INVESTMENTS                              COMM    784117103       46        980  SH    SHARED                             980
 SAFEWAY INC.                                 COMM    786514208       50      1,040  SH    SHARED                           1,040
 ST. JOE CORP.                                COMM    790148100      148      5,490  SH    SHARED                           5,490
 SARA LEE CORP.                               COMM    803111103      106      5,600  SH    SHARED                           5,600
 SCHERING PLOUGH CORP                         COMM    806605101    4,349    120,000  SH    SHARED                         120,000
 SCHERING PLOUGH CORP                         COMM    806605101      114      3,150  SH    SHARED                           3,150
 SCHERING PLOUGH CORP                         COMM    806605101    2,909     80,280  SH    SOLE                80,280
 SCHLUMBERGER LTD                             COMM    806857108    2,264     43,000  SH    SHARED                          43,000
 SCHLUMBERGER LTD                             COMM    806857108       71      1,350  SH    SHARED                           1,350
 SCHLUMBERGER LTD                             COMM    806857108    1,474     28,000  SH    SOLE                28,000
 SCHWAB (CHARLES) CORP                        COMM    808513105       46      2,930  SH    SHARED                           2,930
 SELECT COMFORT COMMON STOCK                  COMM    81616*106    4,992  4,800,113  SH    SHARED                       4,800,113
 SIEBEL SYSTEMS                               COMM    826170102       39        840  SH    SHARED                             840
 SPRINT CORP (PCS)                            COMM    852061506       48      2,000  SH    SHARED                           2,000




                                                                                            
 SUN MICROSYSTEMS INC                         COMM    866810104    5,144    327,220  SH    SHARED                         327,220
 SUN MICROSYSTEMS INC                         COMM    866810104       57      3,640  SH    SHARED                           3,640
 SUN MICROSYSTEMS INC                         COMM    866810104    3,831    243,680  SH    SOLE               243,680
 TEXAS UTILITIES                              COMM    873168108    4,819    100,000  SH    SHARED                         100,000
 TEXAS UTILITIES                              COMM    873168108      189      3,920  SH    SHARED                           3,920
 TEXAS UTILITIES                              COMM    873168108    3,149     65,350  SH    SOLE                65,350
 (R) TAIWAN SEMICONDUCTOR                     COMM    874039100    9,588    631,200  SH    SHARED                         631,200
 (R) TAIWAN SEMICONDUCTOR                     COMM    874039100    6,132    403,664  SH    SOLE               403,664
 TARGET CORP                                  COMM    87612E106    8,304    240,000  SH    SHARED                         240,000
 TARGET CORP                                  COMM    87612E106       68      1,960  SH    SHARED                           1,960
 TARGET CORP                                  COMM    87612E106    5,548    160,350  SH    SOLE               160,350
 TECH DATA CORP                               COMM    878237106       82      2,450  SH    SHARED                           2,450
 TERADYNE INC                                 COMM    880770102    2,903     82,940  SH    SHARED                          82,940
 TERADYNE INC                                 COMM    880770102    1,848     52,800  SH    SOLE                52,800
 TEXACO INC                                   COMM    881694103       77      1,160  SH    SHARED                           1,160
 TEXAS INSTRUMENT                             COMM    882508104    2,313     72,500  SH    SHARED                          72,500
 TEXAS INSTRUMENT                             COMM    882508104      121      3,780  SH    SHARED                           3,780
 TEXAS INSTRUMENT                             COMM    882508104    1,505     47,180  SH    SOLE                47,180
 TORCHMARK                                    COMM    891027104      155      3,860  SH    SHARED                           3,860
 TYCO INTERNATIONAL LTD.                      COMM    902124106   10,428    191,300  SH    SHARED                         191,300
 TYCO INTERNATIONAL LTD.                      COMM    902124106      208      3,810  SH    SHARED                           3,810
 TYCO INTERNATIONAL LTD.                      COMM    902124106    6,834    125,376  SH    SOLE               125,376
 USX-MARATHON GROUP COM                       COMM    902905827      295      9,990  SH    SHARED                           9,990
 US BANCORP - NEW                             COMM    902973304       94      4,124  SH    SHARED                           4,124
 USA NETWORKS                                 COMM    902984103   13,860    495,000  SH    SHARED                         495,000
 USA NETWORKS                                 COMM    902984103    8,717    311,320  SH    SOLE               311,320
 UNILEVER NV                                  COMM    904784709       75      1,260  SH    SHARED                           1,260
 UNITED PARCEL SERVICE                        COMM    911312106   11,271    195,000  SH    SHARED                         195,000
 UNITED PARCEL SERVICE                        COMM    911312106    7,451    128,910  SH    SOLE               128,910
 UNITED TECHNOLOGIES CORP.                    COMM    913017109       71        970  SH    SHARED                             970
 VENATOR GROUP INC                            COMM    922944103       58      3,820  SH    SHARED                           3,820
 VERITAS SOFTWARE CO.                         COMM    923436109   14,883    223,700  SH    SHARED                         223,700
 VERITAS SOFTWARE CO.                         COMM    923436109    9,795    147,220  SH    SOLE               147,220
 VERIZON COMMUNICATIONS                       COMM    92343V104    9,660    180,570  SH    SHARED                         180,570
 VERIZON COMMUNICATIONS                       COMM    92343V104      463      8,650  SH    SHARED                           8,650
 VERIZON COMMUNICATIONS                       COMM    92343V104    6,133    114,641  SH    SOLE               114,641
 VIACOM INC. CL B                             COMM    925524308    7,609    147,030  SH    SHARED                         147,030
 VIACOM INC. CL B                             COMM    925524308      165      3,190  SH    SHARED                           3,190
 VIACOM INC. CL B                             COMM    925524308    5,009     96,783  SH    SOLE                96,783
 VINTAGE PETRO                                COMM    927460105      155      8,280  SH    SHARED                           8,280
 VISHAY INTERTECHNOLOGY INC.                  COMM    928298108      157      6,840  SH    SHARED                           6,840
 WAL-MART STORES INC                          COMM    931142103   23,561    482,800  SH    SHARED                         482,800
 WAL-MART STORES INC                          COMM    931142103      478      9,800  SH    SHARED                           9,800
 WAL-MART STORES INC                          COMM    931142103   15,490    317,408  SH    SOLE               317,408
 WALGREEN CO.                                 COMM    931422109       74      2,140  SH    SHARED                           2,140
 WASHINGTON MUTUAL INC                        COMM    939322103      394     10,500  SH    SHARED                          10,500
 WELLS FARGO & CO                             COMM    949746101    4,179     90,000  SH    SHARED                          90,000
 WELLS FARGO & CO                             COMM    949746101      198      4,270  SH    SHARED                           4,270




                                                                                            
 WELLS FARGO & CO                             COMM    949746101    2,796     60,210  SH    SOLE                60,210
 WORLDCOM INC                                 COMM    98157D106       89      6,290  SH    SHARED                           6,290
 WORLDCOM INC - MCI GROUP                     COMM    98157D304        4        251  SH    SHARED                             251
 XILINX INC                                   COMM    983919101    4,042     98,000  SH    SHARED                          98,000
 XILINX INC                                   COMM    983919101    2,665     64,610  SH    SOLE                64,610
 AMDOCS LTD                                   COMM    G02602103   11,201    208,000  SH    SHARED                         208,000
 AMDOCS LTD                                   COMM    G02602103    7,242    134,490  SH    SOLE               134,490
 FLEXTRONICS INTERNATIONAL LTD                COMM    Y2573F102   10,575    405,000  SH    SHARED                         405,000
 FLEXTRONICS INTERNATIONAL LTD                COMM    Y2573F102    7,003    268,230  SH    SOLE               268,230
 TEEKAY SHIPPING                              COMM    Y8564W103       61      1,520  SH    SHARED                           1,520