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, 2004
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: BP p.l.c.
Address: 1 St James's Square
London SW1Y 4PD
England
Form 13F File Number: 28-05353
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: Dr. Byron E. Grote
Title: Chief Financial Officer and Executive Director
Phone: 020 7496 4263
Signature, Place, and Date of Signing:
/s/ Byron Grote London, UK 4 August 2004
------------------ ------------------ ------------------
[Signature] [City,State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-________________ _______________
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
------------
Form 13F Information Table Entry Total: 370
------------
Form 13F Information Table Value Total: $ 1,122,111
------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
No. Form 13F File Number Name
01 28-05357 BP Investment Management Limited
BP P.L.C.
FORM 13F INFORMATION TABLE
JUNE 30, 2004
TITLE MARKET
OF VALUE SHARES SH/ INVESTMENT VOTING AUTHORITY
ISSUER CLASS CUSIP ( USD 000) /PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
1ST DATA CPUSD0.01 COM 319963104 4,786 107,500 SH DEFINED 01 107,500
3M COM 88579Y101 7,201 80,000 SH DEFINED 01 80,000
5TH 3RD BANCO NPV COM 316773100 2,958 55,000 SH DEFINED 01 55,000
ABBOTT LABS COM 002824100 6,725 165,000 SH DEFINED 01 165,000
ACE COM G0070K103 1,268 30,000 SH DEFINED 01 30,000
ADOBE SYSTM COM 00724F101 1,395 30,000 SH DEFINED 01 30,000
AETNA NEW COM 00817Y108 1,964 23,100 SH DEFINED 01 23,100
AFLAC COM 001055102 2,857 70,000 SH DEFINED 01 70,000
AIR PROD CHEM COM 009158106 1,311 25,000 SH DEFINED 01 25,000
ALBERTSONS INC COM 013104104 929 35,000 SH DEFINED 01 35,000
ALLEG ENERGY COM 017361106 616 40,000 SH DEFINED 01 40,000
ALLOS THERAPEUTICS COM COM 019777101 99 44,172 SH SOLE 44,172
ALLSTATE CORP COM 020002101 3,957 85,000 SH DEFINED 01 85,000
ALLTEL COM 020039103 1,670 33,000 SH DEFINED 01 33,000
ALTERA COM 021441100 889 40,000 SH DEFINED 01 40,000
ALTRIA GRP INC COM 02209S103 10,761 215,000 SH DEFINED 01 215,000
ALUM AMER COM 013817101 3,468 105,000 SH DEFINED 01 105,000
AMBAC FIN COM 023139108 734 10,000 SH DEFINED 01 10,000
AMER ELECT POWER COM 025537101 1,280 40,000 SH DEFINED 01 40,000
AMER INT GRP COM 026874107 21,028 295,000 SH DEFINED 01 295,000
AMER MOV ADR20 ADR 02364W105 2,291 63,000 SH DEFINED 01 63,000
AMER MOV ADR20 ADR 02364W204 3,584 100,000 SH DEFINED 01 100,000
AMER POW CONV USD COM 029066107 590 30,000 SH DEFINED 01 30,000
AMEREN CRP COM 023608102 859 20,000 SH DEFINED 01 20,000
AMERICAN EXPRESS COM 025816109 7,322 142,500 SH DEFINED 01 142,500
AMGEN COM 031162100 8,622 158,000 SH DEFINED 01 158,000
AMSOUTH BANCORP COM 032165102 891 35,000 SH DEFINED 01 35,000
ANADARKO PET COM 032511107 1,758 30,000 SH DEFINED 01 30,000
ANALOG DEVICES COM 032654105 1,883 40,000 SH DEFINED 01 40,000
ANHEUSER BUSCH COM 035229103 5,666 104,920 SH DEFINED 01 104,920
ANTHEM INC COM 03674B104 1,343 15,000 SH DEFINED 01 15,000
APACHE CP COM 037411105 1,829 42,000 SH DEFINED 01 42,000
APOL GR NPV COM 037604105 1,678 19,000 SH DEFINED 01 19,000
APP MATERIALS(FRA) COM 038222105 3,394 173,000 SH DEFINED 01 173,000
APPLE COMPUTER NPV COM 037833100 1,302 40,000 SH DEFINED 01 40,000
APPLERA BIOSYS COM 038020103 435 20,000 SH DEFINED 01 20,000
ARACRUZ ADR(MUN) ADR 038496204 464 14,200 SH DEFINED 01 14,200
ARGLNT TECH COM 00846U101 1,464 50,000 SH DEFINED 01 50,000
AT&T CORP COM 001957505 1,067 72,909 SH DEFINED 01 72,909
AT&T WIRELESS COM 00209A106 4,081 285,000 SH DEFINED 01 285,000
AUTODESK NPV COM 052769106 535 12,500 SH DEFINED 01 12,500
AUTOMATIC DATA PRO COM 053015103 2,555 61,000 SH DEFINED 01 61,000
AVON PRDCTS COM 054303102 2,307 50,000 SH DEFINED 01 50,000
AVY INC COM 053499109 947 60,000 SH DEFINED 01 60,000
BAKBONE SOFTWARE COM 057101107 194 87,949 SH SOLE 87,949
BAKER HUGHES COM 057224107 1,412 37,500 SH DEFINED 01 37,500
BANK OF NEW YORK COM 064057102 2,801 95,000 SH DEFINED 01 95,000
BANK ONE CP COM 06423A103 6,120 120,000 SH DEFINED 01 120,000
BAXTER INTL COM 071813109 2,157 62,500 SH DEFINED 01 62,500
BB&T CP USD5 COM 054937107 1,849 50,000 SH DEFINED 01 50,000
BECT DICKIN USD1 COM 075887109 1,295 25,000 SH DEFINED 01 25,000
BED BATH USD0.01 COM 075896100 1,538 40,000 SH DEFINED 01 40,000
BELLSOUTH COM 079860102 4,851 185,000 SH DEFINED 01 185,000
BEST BUY CO USD COM 086516101 1,903 37,500 SH DEFINED 01 37,500
BIOGEN IDC COM 09062X103 2,372 37,500 SH DEFINED 01 37,500
BK OF AMER(TOK) COM 060505104 19,169 226,527 SH DEFINED 01 226,527
BLACK&DECKER COM 091797100 1,553 25,000 SH DEFINED 01 25,000
BLOCK(H&R) NPV COM 093671105 858 18,000 SH DEFINED 01 18,000
BMC SFTWRE USD0.01 COM 055921100 648 35,000 SH DEFINED 01 35,000
BOEING CO COM 097023105 4,240 83,000 SH DEFINED 01 83,000
BOSTN SCN CRP COM 101137107 3,552 83,000 SH DEFINED 01 83,000
BRLNGTN RES USD.01 COM 122014103 2,171 60,000 SH DEFINED 01 60,000
BROADCOM COM 111320107 1,497 32,000 SH DEFINED 01 32,000
BRST MYERS SQU COM 110122108 5,145 210,000 SH DEFINED 01 210,000
BURLNGTON NTH SAN COM 12189T104 1,508 43,000 SH DEFINED 01 43,000
CALPINE(BER) COM 131347106 173 40,000 SH DEFINED 01 40,000
CAP1 FINL COM 14040H105 1,607 23,500 SH DEFINED 01 23,500
CARD HLTH NPV COM 14149Y108 3,152 45,000 SH DEFINED 01 45,000
CAREMRK RX COM 141705103 1,482 45,000 SH DEFINED 01 45,000
CARSO GBL SPN.ADR ADR 14574P101 448 160,000 SH DEFINED 01 160,000
CATERPILLAR COM 149123101 2,939 37,000 SH DEFINED 01 37,000
CEMX ADR 5 CPO ADR 151290889 4,815 165,458 SH DEFINED 01 165,458
CENDANT USD0.01 COM 151313103 3,133 128,000 SH DEFINED 01 128,000
CHEVRONTEXACO COM 166764100 11,768 125,050 SH DEFINED 01 125,050
CHIRON CORP COM 170040109 848 19,000 SH DEFINED 01 19,000
CHUBB CP COM 171232101 1,364 20,000 SH DEFINED 01 20,000
CIA ENRG SPONS ADR ADR 204409601 946 63,000 SH DEFINED 01 63,000
CIENA CP$0.01 COM 171779101 186 50,000 SH DEFINED 01 50,000
CIGNA CP COM 125509109 1,514 22,000 SH DEFINED 01 22,000
CINERGY!0.01 COM 172474108 836 22,000 SH DEFINED 01 22,000
CISCO COM ST COM 17275R102 17,183 725,000 SH DEFINED 01 725,000
CITIGROUP USD0.01 COM 172967101 26,490 569,669 SH DEFINED 01 569,669
CITRIX SYSTEMS COM 177376100 407 20,000 SH DEFINED 01 20,000
CLEAR CHAN COM 184502102 2,402 65,000 SH DEFINED 01 65,000
CNTRPNT ENRGY COM 15189T107 702 61,000 SH DEFINED 01 61,000
COCA COLA ENT COM 191219104 1,160 40,000 SH DEFINED 01 40,000
COCA-COLA USD.25 COM 191216100 12,368 245,000 SH DEFINED 01 245,000
COLGTE PALMLV COM 194162103 3,273 56,000 SH DEFINED 01 56,000
COMCAST'A' COM 20030N101 6,587 235,000 SH DEFINED 01 235,000
COMERCIA INC COM 200340107 1,207 22,000 SH DEFINED 01 22,000
COMP ASS INT COM 204912109 1,712 61,000 SH DEFINED 01 61,000
COMPAN VALE ADR ADR 204412209 713 15,000 SH DEFINED 01 15,000
COMSCICOMSTKUSD COM 205363104 1,393 30,000 SH DEFINED 01 30,000
COMVERSE USD0.01 COM 205862402 598 30,000 SH DEFINED 01 30,000
CONAGRA FOODS COM 205887102 1,300 48,000 SH DEFINED 01 48,000
CONOCOPHILLIPS COM 20825C104 6,111 80,100 SH DEFINED 01 80,100
CONSOL EDS USD0.10 COM 209115104 795 20,000 SH DEFINED 01 20,000
CORNING INC COM 219350105 1,763 135,000 SH DEFINED 01 135,000
COSTCO WHLESLE COM 22160K105 2,054 50,000 SH DEFINED 01 50,000
COUNTRYWIDE FIN COM 222372104 2,108 30,000 SH DEFINED 01 30,000
CRNVL CORP COM 143658300 3,055 65,000 SH DEFINED 01 65,000
CSX CORP COM 126408103 786 24,000 SH DEFINED 01 24,000
CUMMINS INC COM COM 231021106 625 10,000 SH DEFINED 01 10,000
CVS CORP COM 126650100 2,101 50,000 SH DEFINED 01 50,000
DANAHER CRP COM 235851102 1,348 26,000 SH DEFINED 01 26,000
DEERE&CO COM 244199105 1,824 26,000 SH DEFINED 01 26,000
DELL COM 24702R101 9,313 260,000 SH DEFINED 01 260,000
DELPHI COM 247126105 641 60,000 SH DEFINED 01 60,000
DEVON ENERGY COM 25179M103 2,805 42,500 SH DEFINED 01 42,500
DIGITAS INC COM COM 25388K104 78 7,115 SH SOLE 7,115
DISNEY(WALT) DIS COM 254687106 5,659 222,000 SH DEFINED 01 222,000
DOLLAR GENERAL USD COM 256669102 1,174 60,000 SH DEFINED 01 60,000
DOMINION RES(VIRG) COM 25746U109 2,019 32,000 SH DEFINED 01 32,000
DONNELLY(R.R.) COM 257867101 1,486 45,000 SH DEFINED 01 45,000
DOVER CRP COM 260003108 842 20,000 SH DEFINED 01 20,000
DOW CHEM COM 260543103 3,932 96,600 SH DEFINED 01 96,600
DSL.NET INC COM COM 262506108 532 1,717,021 SH SOLE 1,717,021
DTE ENERGY COM 233331107 770 19,000 SH DEFINED 01 19,000
DU PONT COM 263534109 4,664 105,000 SH DEFINED 01 105,000
DUKE ENERGY COM 264399106 2,232 110,000 SH DEFINED 01 110,000
EATON CP COM 278058102 1,877 29,000 SH DEFINED 01 29,000
EBAY IUSD0.01 COM 278642103 6,069 66,000 SH DEFINED 01 66,000
ECOLAB COM 278865100 1,268 40,000 SH DEFINED 01 40,000
EDISON INTL COM 281020107 1,317 51,500 SH DEFINED 01 51,500
EL PASO CP COM 28336L109 946 120,000 SH DEFINED 01 120,000
ELEC ATS NPV COM 285512109 1,637 30,000 SH DEFINED 01 30,000
ELEC DATA SYS COM 285661104 862 45,000 SH DEFINED 01 45,000
EMC MASS USD0.01 COM 268648102 2,964 260,000 SH DEFINED 01 260,000
EMERS ELEC COM 291011104 2,860 45,000 SH DEFINED 01 45,000
ENGELHARD CP COM 292845104 485 15,000 SH DEFINED 01 15,000
ENTERGY USD0.01 COM 29364G103 1,960 35,000 SH DEFINED 01 35,000
EOG RESRCS COM 26875P101 1,194 20,000 SH DEFINED 01 20,000
EXELON COM 30161N101 2,330 70,000 SH DEFINED 01 70,000
EXP SCRIPTS'A' COM 302182100 634 8,000 SH DEFINED 01 8,000
EXXON MOBIL COM 30231G102 30,066 677,000 SH DEFINED 01 677,000
FANNIE MAE COM 313586109 6,244 87,500 SH DEFINED 01 87,500
FED DEPMRT COM 31410H101 982 20,000 SH DEFINED 01 20,000
FEDEX CORP COM 31428X106 2,287 28,000 SH DEFINED 01 28,000
FIRST ENERGY USD.1 COM 337932107 1,496 40,000 SH DEFINED 01 40,000
FISERV COM 337738108 778 20,000 SH DEFINED 01 20,000
FLUOR COM 343412102 429 9,000 SH DEFINED 01 9,000
FOM ECON ADR ADR 344419106 1,834 40,000 SH DEFINED 01 40,000
FORD MTR COM 345370860 2,661 170,000 SH DEFINED 01 170,000
FOREST LABS COM 345838106 2,832 50,000 SH DEFINED 01 50,000
FPL GRP INC COM 302571104 1,279 20,000 SH DEFINED 01 20,000
FRANKLIN RES COM 354613101 1,552 31,000 SH DEFINED 01 31,000
FRED MAC USD0.21 COM 313400301 4,146 65,500 SH DEFINED 01 65,500
FREEPRT MCMGN COM 35671D857 862 26,000 SH DEFINED 01 26,000
GANNETT COM 364730101 3,733 44,000 SH DEFINED 01 44,000
GAP COM 364760108 2,061 85,000 SH DEFINED 01 85,000
GEN DYN COM 369550108 1,986 20,000 SH DEFINED 01 20,000
GEN ELEC COM 369604103 34,992 1,080,000 SH DEFINED 01 1,080,000
GEN MLLS COM 370334104 2,377 50,000 SH DEFINED 01 50,000
GEN MOTORS COM 370442105 2,446 52,500 SH DEFINED 01 52,500
GENUNE PRTS COM 372460105 516 13,000 SH DEFINED 01 13,000
GEORGIA PAC COM 373298108 1,331 36,000 SH DEFINED 01 36,000
GILLETTE COM 375766102 4,240 100,000 SH DEFINED 01 100,000
GLD SACHS COM 38141G104 4,802 51,000 SH DEFINED 01 51,000
GLD W.FIN COM 381317106 2,127 20,000 SH DEFINED 01 20,000
GNZYM COM 372917104 1,183 25,000 SH DEFINED 01 25,000
GPO CARSO SPN.ADR ADR 400485207 815 100,000 SH DEFINED 01 100,000
GRAINGER WW COM 384802104 863 15,000 SH DEFINED 01 15,000
GRUPO TELE SP GDR GDR 40049J206 2,037 45,000 SH DEFINED 01 45,000
GUIDNT CRP NPV COM 401698105 1,788 32,000 SH DEFINED 01 32,000
HALLIBRTON COM 406216101 1,816 60,000 SH DEFINED 01 60,000
HARLY DAVD COM 412822108 2,385 38,500 SH DEFINED 01 38,500
HARRAHS ENT COM 413619107 622 11,500 SH DEFINED 01 11,500
HARTFORD FINL USD COM 416515104 3,093 45,000 SH DEFINED 01 45,000
HASBRO COM 418056107 380 20,000 SH DEFINED 01 20,000
HCA INC COM 404119109 2,059 49,500 SH DEFINED 01 49,500
HEINZ(HJ) COM 423074103 1,470 37,500 SH DEFINED 01 37,500
HELL TELECOM ADS COM 423325307 180 27,778 SH DEFINED 01 27,778
HERSHY FOOD COM 427866108 1,296 28,000 SH DEFINED 01 28,000
HEWLTT PCKWRD COM 428236103 7,069 335,000 SH DEFINED 01 335,000
HLTH MAN'A' COM 421933102 673 30,000 SH DEFINED 01 30,000
HLTN HTLS COM 432848109 933 50,000 SH DEFINED 01 50,000
HNYWELL INT(DT ZT) COM 438516106 3,297 90,000 SH DEFINED 01 90,000
HOME DEPOT COM 437076102 8,448 240,000 SH DEFINED 01 240,000
HOSPIRA I COM 441060100 455 16,500 SH DEFINED 01 16,500
IBM COM 459200101 15,294 173,500 SH DEFINED 01 173,500
ILL TOOL NPV COM 452308109 2,877 30,000 SH DEFINED 01 30,000
IMS HEALTH USD COM 449934108 703 30,000 SH DEFINED 01 30,000
INGRSL-RND'A' COM G4776G101 1,298 19,000 SH DEFINED 01 19,000
INTEL COM 458140100 18,354 665,000 SH DEFINED 01 665,000
INTL PAPER COM 460146103 2,414 54,000 SH DEFINED 01 54,000
INTUIT 0.01 COM 461202103 972 25,200 SH DEFINED 01 25,200
IONA TECH ADR ADR 46206P109 265 65,000 SH DEFINED 01 65,000
ISHS C&S RLTY IDX COM 464287564 4,180 38,000 SH DEFINED 01 38,000
ITT INDUST COM 450911102 1,245 15,000 SH DEFINED 01 15,000
JABIL CIRCT COM 466313103 755 30,000 SH DEFINED 01 30,000
JDS UNIPHASE CRP COM 46612J101 531 140,000 SH DEFINED 01 140,000
JNSN CNTRLS COM 478366107 1,601 30,000 SH DEFINED 01 30,000
JOHNSN&JOHNSN COM 478160104 16,710 300,000 SH DEFINED 01 300,000
JP MORGAN CHASE COM 46625H100 7,735 199,500 SH DEFINED 01 199,500
KB HOME COM 48666K109 686 10,000 SH DEFINED 01 10,000
KELLOGGS COM 487836108 2,093 50,000 SH DEFINED 01 50,000
KERR-MCGEE COM 492386107 1,075 20,000 SH DEFINED 01 20,000
KEYCORP COM 493267108 1,345 45,000 SH DEFINED 01 45,000
KIMBERLY CLRK COM 494368103 3,162 48,000 SH DEFINED 01 48,000
KLA TENCOR COM 482480100 1,037 21,000 SH DEFINED 01 21,000
KOHLS CORP COM 500255104 2,325 55,000 SH DEFINED 01 55,000
KROGER COM 501044101 1,001 55,000 SH DEFINED 01 55,000
LASON SYS$0.01 COM 51808R107 - 1,824 SH DEFINED 01 1,824
LEXMAX INTL'A' COM 529771107 1,448 15,000 SH DEFINED 01 15,000
LHMN BROS COM 524908100 2,709 36,000 SH DEFINED 01 36,000
LILLY ELI COM 532457108 8,564 122,500 SH DEFINED 01 122,500
LINCOLN NATL COM 534187109 945 20,000 SH DEFINED 01 20,000
LINEAR TECH NPV COM 535678106 1,381 35,000 SH DEFINED 01 35,000
LOCK MARTIN COM 539830109 2,500 48,000 SH DEFINED 01 48,000
LOWES COS COM 548661107 5,518 105,000 SH DEFINED 01 105,000
LSI LOGIC COM 502161102 343 45,000 SH DEFINED 01 45,000
LTD BRNDS INC COM 532716107 935 50,000 SH DEFINED 01 50,000
LUCNT TECH COM 549463107 1,588 420,000 SH DEFINED 01 420,000
M&T BK CP COM 55261F104 1,310 15,000 SH DEFINED 01 15,000
MARATHON OIL COM 565849106 1,324 35,000 SH DEFINED 01 35,000
MARRIOTT INT'A' COM 571903202 1,995 40,000 SH DEFINED 01 40,000
MARSH&MCLN COM 571748102 3,267 72,000 SH DEFINED 01 72,000
MARSHL&IL COM 571834100 1,173 30,000 SH DEFINED 01 30,000
MASCO COM 574599106 1,559 50,000 SH DEFINED 01 50,000
MATTEL COM 577081102 730 40,000 SH DEFINED 01 40,000
MAXIM INTER USD COM 57772K101 1,940 37,000 SH DEFINED 01 37,000
MBIA INC COM 55262C100 857 15,000 SH DEFINED 01 15,000
MBNA COM 55262L100 3,997 155,000 SH DEFINED 01 155,000
MCCORMICK NV NPV COM 579780206 510 15,000 SH DEFINED 01 15,000
MCDONALD'S COM 580135101 3,770 145,000 SH DEFINED 01 145,000
MCGRAW HILL$1 COM 580645109 1,761 23,000 SH DEFINED 01 23,000
MCKESSON CORP COM 58155Q103 1,202 35,000 SH DEFINED 01 35,000
MDCHLTH SLTN COM 58405U102 986 26,300 SH DEFINED 01 26,300
MEADWESTVACO COM 583334107 588 20,000 SH DEFINED 01 20,000
MEDIMMUNE COM 584699102 573 24,500 SH DEFINED 01 24,500
MEDTRONIC COM 585055106 5,773 118,500 SH DEFINED 01 118,500
MELLON FINL COM 58551A108 1,598 54,500 SH DEFINED 01 54,500
MERCK&CO NPV COM 589331107 10,450 220,000 SH DEFINED 01 220,000
MERCURY INTER USD COM 589405109 872 17,500 SH DEFINED 01 17,500
MERRIL LYNCH COM 590188108 5,425 100,500 SH DEFINED 01 100,500
METLIFE INC COM 59156R108 2,653 74,000 SH DEFINED 01 74,000
MGN ST COM 617446448 6,412 121,500 SH DEFINED 01 121,500
MICRON TECH COM 595112103 949 62,000 SH DEFINED 01 62,000
MICROSOFT COM 594918104 31,773 1,112,500 SH DEFINED 01 1,112,500
MNSNT COM 61166W101 1,059 27,500 SH DEFINED 01 27,500
MOLEX COM 608554101 481 15,000 SH DEFINED 01 15,000
MONSTER WWDE COM 611742107 334 13,000 SH DEFINED 01 13,000
MOODYS COM 615369105 2,101 32,500 SH DEFINED 01 32,500
MOTOROLA COM 620076109 4,517 247,500 SH DEFINED 01 247,500
N.FORK BANC COM 659424105 2,492 65,500 SH DEFINED 01 65,500
NAT CITY CORP COM 635405103 2,276 65,000 SH DEFINED 01 65,000
NAT SEMICON$0.50 COM 637640103 880 40,000 SH DEFINED 01 40,000
NATUZZI ADR ADR 63905A101 1,948 181,340 SH DEFINED 01 181,340
NETWORK APPL COM 64120L104 969 45,000 SH DEFINED 01 45,000
NEWELL RUBBERMAID COM 651229106 705 30,000 SH DEFINED 01 30,000
NEWMNT MIN COM 651639106 2,519 65,000 SH DEFINED 01 65,000
NEXTL COMM INC COM 65332V103 3,199 120,000 SH DEFINED 01 120,000
NIKE'B'NPV COM 654106103 1,894 25,000 SH DEFINED 01 25,000
NOBLE COM G65422100 1,042 27,500 SH DEFINED 01 27,500
NOVELL COM 670006105 302 36,000 SH DEFINED 01 36,000
NOVELLUS SYST NPV COM 670008101 472 15,000 SH DEFINED 01 15,000
NRFLK STHRN COM 655844108 1,061 40,000 SH DEFINED 01 40,000
NRTHN TST COM 665859104 1,268 30,000 SH DEFINED 01 30,000
NRTHROP GRUM COM 666807102 1,933 36,000 SH DEFINED 01 36,000
NUCOR COM 670346105 768 10,000 SH DEFINED 01 10,000
NY TIMES COM 650111107 648 14,500 SH DEFINED 01 14,500
OMNICOM!0.50 COM 681919106 2,284 30,100 SH DEFINED 01 30,100
ORACLE COM 68389X105 6,383 535,000 SH DEFINED 01 535,000
ORBOTECH COM M75253100 1,272 62,500 SH DEFINED 01 62,500
P G&E COM 69331C108 1,816 65,000 SH DEFINED 01 65,000
PAYCHEX COM 704326107 1,304 38,500 SH DEFINED 01 38,500
PENNEY JC COM 708160106 982 26,000 SH DEFINED 01 26,000
PEOPLESFT 0.01 COM 712713106 925 50,000 SH DEFINED 01 50,000
PEPSICO COM 713448108 11,040 204,900 SH DEFINED 01 204,900
PFIZER COM 717081103 29,988 874,800 SH DEFINED 01 874,800
PHLPS DGD COM 717265102 775 10,000 SH DEFINED 01 10,000
PHOENIX COS INC NEW COM 71902E109 1,247 101,817 SH SOLE 101,817
PITNEY BOWES COM 724479100 1,106 25,000 SH DEFINED 01 25,000
PIXELWORKS INC COM STK COM 72581M107 255 16,625 SH SOLE 16,625
PPG INDST COM 693506107 1,250 20,000 SH DEFINED 01 20,000
PPL CP COM 69351T106 918 20,000 SH DEFINED 01 20,000
PRAXAIR COM 74005P104 1,477 37,000 SH DEFINED 01 37,000
PRGRSS ENRGY COM 743263105 1,189 27,000 SH DEFINED 01 27,000
PRINCIPAL FIN COM 74251V102 1,217 35,000 SH DEFINED 01 35,000
PRK HANNFN COM 701094104 1,487 25,000 SH DEFINED 01 25,000
PROCTR&GMBLE COM 742718109 16,332 300,000 SH DEFINED 01 300,000
PROGRESSIVE CORP COM 743315103 1,962 23,000 SH DEFINED 01 23,000
PRUDENT FINANCIAL COM 744320102 3,718 80,000 SH DEFINED 01 80,000
PTRLBRAS ADS COM 71654V408 842 30,000 SH DEFINED 01 30,000
PUBLIC SERV NPV COM 744573106 1,001 25,000 SH DEFINED 01 25,000
PULTE HOMES COM 745867101 1,145 22,000 SH DEFINED 01 22,000
QLOGIC COM 747277101 266 10,000 SH DEFINED 01 10,000
QUALCOMM COM 747525103 6,203 85,000 SH DEFINED 01 85,000
QUST DIAGNSTC COM 74834L100 722 8,500 SH DEFINED 01 8,500
QWEST COMM COM 749121109 718 200,000 SH DEFINED 01 200,000
RAYTHEON CO COM 755111507 1,610 45,000 SH DEFINED 01 45,000
RCKWLL CLLNS COM 774341101 666 20,000 SH DEFINED 01 20,000
ROBERT HALF INT COM 770323103 566 19,000 SH DEFINED 01 19,000
ROCKWELL AUTO COM 773903109 750 20,000 SH DEFINED 01 20,000
ROHM&HAAS COM 775371107 832 20,000 SH DEFINED 01 20,000
SAFEWAY COM 786514208 1,140 45,000 SH DEFINED 01 45,000
SANMINA CORP COM 800907107 637 70,000 SH DEFINED 01 70,000
SARA LEE COM 803111103 1,724 75,000 SH DEFINED 01 75,000
SBC COMM COM 78387G103 8,124 335,000 SH DEFINED 01 335,000
SCHERING-PLOUGH COM 806605101 2,532 137,000 SH DEFINED 01 137,000
SCHLUMBER COM 806857108 3,811 60,000 SH DEFINED 01 60,000
SCHWB CHRLS COM 808513105 1,297 135,000 SH DEFINED 01 135,000
SEARS ROEBCK COM 812387108 1,133 30,000 SH DEFINED 01 30,000
SEMPRA ENER NPV COM 816851109 1,033 30,000 SH DEFINED 01 30,000
SIEBL SYSTM COM 826170102 641 60,000 SH DEFINED 01 60,000
SIGMA ALDRCH COM 826552101 477 8,000 SH DEFINED 01 8,000
SLM CORP COM 78442P106 2,912 72,000 SH DEFINED 01 72,000
SOLECTRON 0.001 COM 834182107 631 97,550 SH DEFINED 01 97,550
SOUTHTRUST COM 844730101 1,281 33,000 SH DEFINED 01 33,000
SPRINT COM 852061100 2,552 145,000 SH DEFINED 01 145,000
ST JUDE MED COM 790849103 1,286 17,000 SH DEFINED 01 17,000
ST PAUL T COM 792860108 3,703 91,335 SH DEFINED 01 91,335
STAPLES USD COM 855030102 2,228 76,000 SH DEFINED 01 76,000
STARBUCK NPV COM 855244109 1,783 41,000 SH DEFINED 01 41,000
STARWD HOTELS'B' COM 85590A203 1,301 29,000 SH DEFINED 01 29,000
STATE STREET COM 857477103 1,765 36,000 SH DEFINED 01 36,000
STET HELL TEL ADR ADR 859823106 970 57,737 SH DEFINED 01 57,737
STHRN CO COM 842587107 2,653 91,000 SH DEFINED 01 91,000
STRYKER COM 863667101 2,200 40,000 SH DEFINED 01 40,000
SUN MICRO COM 866810104 1,345 310,000 SH DEFINED 01 310,000
SUNGARD DATA$0.01 COM 867363103 780 30,000 SH DEFINED 01 30,000
SUNTST BNKS COM 867914103 2,600 40,000 SH DEFINED 01 40,000
SW AIR$1 COM 844741108 1,794 107,000 SH DEFINED 01 107,000
SYMANTEC COM 871503108 1,532 35,000 SH DEFINED 01 35,000
SYSCO COM 871829107 3,228 90,000 SH DEFINED 01 90,000
TAIWAN GRT CHNA FD COM 874037104 938 220,284 SH DEFINED 01 220,284
TARGET CP COM 97612E106 3,907 92,000 SH DEFINED 01 92,000
TEFNDS MEX ADR ADR 879403707 4,443 135,000 SH DEFINED 01 135,000
TELE MEX ADS COM 879403780 1,930 58,000 SH DEFINED 01 58,000
TELLABS COM 879664100 350 40,000 SH DEFINED 01 40,000
TERADYNE COM 880770102 454 20,000 SH DEFINED 01 20,000
TEXAS INSTR COM 882508104 4,352 180,000 SH DEFINED 01 180,000
TEXTRON COM 883203101 1,187 20,000 SH DEFINED 01 20,000
TIFFANY COM 886547108 553 15,000 SH DEFINED 01 15,000
TIME WARNER COM 887317105 8,263 470,000 SH DEFINED 01 470,000
TJX COS COM 872540109 1,931 80,000 SH DEFINED 01 80,000
TMPLTN INLND COM 879868107 693 10,000 SH DEFINED 01 10,000
TRANSOCN INC COM G90078109 868 30,000 SH DEFINED 01 30,000
TRIBUNE(DEL)NPV COM 896047107 1,958 43,000 SH DEFINED 01 43,000
TXU CORP COM 873168108 1,924 47,500 SH DEFINED 01 47,500
TYCO INT LD COM 902124106 7,457 225,000 SH DEFINED 01 225,000
UNIBANCO GDR GDR 9.046E+111 395 20,000 SH DEFINED 01 20,000
UNION PAC CORP COM 907818108 1,605 27,000 SH DEFINED 01 27,000
UNISYS CP COM 909214108 416 30,000 SH DEFINED 01 30,000
UNITEDHEALTH GRP COM 91324P102 5,385 86,500 SH DEFINED 01 86,500
UPS'B' COM 911312106 8,645 115,000 SH DEFINED 01 115,000
US BANCORP COM 902973304 5,732 208,000 SH DEFINED 01 208,000
UST DEL COM 902911106 360 10,000 SH DEFINED 01 10,000
UTD TECH COM 913017109 5,260 57,500 SH DEFINED 01 57,500
VA LINUX SYSTEMS COM 91819B105 126 51,609 SH SOLE 51,609
VERITAS SFTWRE NPV COM 923436109 1,247 45,000 SH DEFINED 01 45,000
VERIZON COM 92343V104 10,278 284,000 SH DEFINED 01 284,000
VIACOM N.VTG'B' COM 925524308 7,591 212,500 SH DEFINED 01 212,500
WACHOVIA CRP USD COM 929903102 7,343 165,000 SH DEFINED 01 165,000
WALGREEN COM 931422109 3,983 110,000 SH DEFINED 01 110,000
WALMART STORE COM 931142103 23,848 452,000 SH DEFINED 01 452,000
WASH MUT COM 939322103 3,478 90,000 SH DEFINED 01 90,000
WASTE MGMT COM 94106L109 2,452 80,000 SH DEFINED 01 80,000
WELLPNT HLTHWRK COM 94973H108 2,184 19,500 SH DEFINED 01 19,500
WELLS FARGO COM 949746101 10,301 180,000 SH DEFINED 01 180,000
WENDYS INTL USD0.1 COM 950590109 871 25,000 SH DEFINED 01 25,000
WEYERHAEUSER$1.25 COM 962166104 1,862 29,500 SH DEFINED 01 29,500
WHRLPOOL COM 963320106 549 8,000 SH DEFINED 01 8,000
WILLIAMS COS COM 969457100 595 50,000 SH DEFINED 01 50,000
WRIGLEY(WM)NPV COM 982526105 1,450 23,000 SH DEFINED 01 23,000
WYETH COM 983024100 5,243 145,000 SH DEFINED 01 145,000
X1LINX COM 983919101 1,332 40,000 SH DEFINED 01 40,000
XEROX COM 984121103 1,233 85,000 SH DEFINED 01 85,000
YAHOO INC COM 984332106 4,905 135,000 SH DEFINED 01 135,000
ZIMMER HOLDINGS COM 98956P102 2,646 30,000 SH DEFINED 01 30,000
1,122,111