13F-HR 1 a2037904z13f-hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2000 ----------------------- 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: Sun Life Assurance Company of Canada ------------------------------------ Address: 150 King St. West ------------------------------------ Toronto, ON, Canada M5H 1J9 ------------------------------------ Form 13F File Number: 28- --------------------- 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: Josephine E. Marks ------------------------------- Title: Vice-President, Investments ------------------------------- Phone: (416) 979-6188 ------------------------------- Signature, Place, and Date of Signing: /s/ J E Marks Toronto, ON Feb 12/2001 ------------------------------- ----------------- ------------- [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.) FORM 13F INFORMATION TABLE - DECEMBER 31, 2000

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS All amounts shown are in U.S. Dollars U.S COMPANY COMMON STOCK - U.S. OPERATIONS Amli Residential Properties Equity REIT 001735109 3,202 129,710 SH SOLE 129,710 American Telephone & Telegraph Common Stock 001957109 8,454 490,085 SH SOLE 490,085 Adaptec Common Stock 00651F108 8,194 799,384 SH SOLE 799,384 Albertson's Common Stock 013104104 7,674 289,587 SH SOLE 289,587 Allmerica Financial Corp. Common Stock 019754100 77,503 1,069,000 SH SOLE 1,069,000 Alpharma Inc Common Stock Class A 020813101 8,376 190,905 SH SOLE 190,905 Antec Corp Common Stock 03664P105 2,865 362,412 SH SOLE 362,412 Apartment Invt & Mgmt Co-A Equity REIT 03748R101 6,705 134,258 SH SOLE 134,258 Archer Daniels Midland Co Common Stock 039483102 11,525 768,317 SH SOLE 768,317 Arlington Street CDO Ltd. Preferred Stock 041764200 3,468 3,650,000 SH SOLE 3,650,000 Avalon Bay Communities Inc Equity REIT 053484101 7,042 140,492 SH SOLE 140,492 Avaya Inc Common Stock 053499109 342 33,192 SH SOLE 33,192 BRE Properties Equity REIT 05564E106 4,134 130,465 SH SOLE 130,465 Birmingham Steel Corp. Warrant 0912502#6 0 62,424 SH SOLE 62,424 Bristol-Myers Squibb Company Common Stock 110122108 12,268 165,924 SH SOLE 165,924 CBL & Associates Properties Equity REIT 124830100 2,954 116,707 SH SOLE 116,707 CIT Group Class A Common Stock 125577106 11,028 547,974 SH SOLE 547,974 Concord Communications, Inc. Common Stock 206186108 4,025 459,954 SH SOLE 459,954 Conoco Inc Common Stock 208251405 7,470 258,153 SH SOLE 258,153 Conxus Communications, Inc. Common Stock Class A 21287#114 19 11 SH SOLE 11 Conxus Communications, Inc. Common Stock Class B 21287#122 110 61 SH SOLE 61 Conxus Communications, Inc. Preferred Stock Series A 21287#130 32 16 SH SOLE 16 Developers Diversified Realty Equity REIT 251591103 1,801 135,291 SH SOLE 135,291 Duke-Weeks Realty Corp Equity REIT 264411505 1,969 79,962 SH SOLE 79,962 EOG Resources Common Stock 26875P101 6,121 112,057 SH SOLE 112,057 Eloquent Inc Common Stock 290140102 22 12,371 SH SOLE 12,371 Engelhard Corp. Common Stock 292845104 12,365 606,893 SH SOLE 606,893 Equifax Inc. Common Stock 294429105 7,934 276,559 SH SOLE 276,559

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 129,710 490,085 799,384 289,587 1,069,000 190,905 362,412 134,258 768,317 3,650,000 140,492 33,192 130,465 62,424 165,924 116,707 547,974 459,954 258,153 11 61 16 135,291 79,962 112,057 12,371 606,893 276,559

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS Equity Office Properties Trust Equity REIT 294741103 5,444 166,856 SH SOLE 166,856 Equity Residential Properties Equity REIT 29476L107 4,176 75,502 SH SOLE 75,502 Exide Corp Common Stock 302051107 6,199 812,982 SH SOLE 812,982 F5 Networks Inc Common Stock 315616102 99 10,434 SH SOLE 10,434 First Industrial Realty Trust Equity REIT 32054K103 2,070 60,886 SH SOLE 60,886 Franchise Finance Corporation Equity REIT 351807102 2,694 115,542 SH SOLE 115,542 GATX Corporation Common Stock 361448103 11,580 232,177 SH SOLE 232,177 General Growth Properties Equity REIT 370021107 3,616 99,919 SH SOLE 99,919 Gillette Common Stock 375766102 7,448 206,184 SH SOLE 206,184 HACA-Healthcare Company Common Stock 404119109 10,000 227,221 SH SOLE 227,221 Healthsouth Corporation Common Stock 421924101 11,288 691,955 SH SOLE 691,955 Heller Financial Inc Common Stock 423328103 9,856 321,165 SH SOLE 321,165 Highwoods Properties Inc. Equity REIT 431284108 4,131 166,063 SH SOLE 166,063 I.D.E. Corporation Series C Convertible Pref Stck 449368$$3 8 1,248 SH SOLE 1,248 IRT Property Co. Equity REIT 450058102 1,767 217,429 SH SOLE 217,429 Intermune Pharmaceuticals Common Stock 45885B100 1,797 40,280 SH SOLE 40,280 MSCI World Equity Benchmark Australia Index Series 464286103 619 65,186 SH SOLE 65,186 MSCI World Equity Benchmark Belgium Index Series 464286301 304 23,846 SH SOLE 23,846 MSCI World Equity Benchmark Singapore Index Series 464286673 219 33,739 SH SOLE 33,739 MSCI World Equity Benchmark United Kingdom Index Series 464286699 5,006 284,045 SH SOLE 284,045 MSCI World Equity Benchmark France Index Series 464286707 2,924 118,455 SH SOLE 118,455 MSCI World Equity Benchmark Switzeland Index Series 464286749 1,536 91,331 SH SOLE 91,331 MSCI World Equity Benchmark Sweden Index Series 464286756 578 32,316 SH SOLE 32,316 MSCI World Equity Benchmark Spain Index Series 464286764 679 29,582 SH SOLE 29,582 MSCI World Equity Benchmark Germany Index Series 464286806 2,530 129,724 SH SOLE 129,724 MSCI World Equity Benchmark Netherlands Index Series 464286814 1,360 59,958 SH SOLE 59,958 MSCI World Equity Benchmark Japan Index Series 464286848 4,861 439,428 SH SOLE 439,428 MSCI World Equity Benchmark Italy Index Series 464286855 1,056 46,695 SH SOLE 46,695 MSCI World Equity Benchmark Hong Kong Index Series 464286871 465 40,412 SH SOLE 40,412 Kimco Realty Corp Equity REIT 49446R109 4,684 106,002 SH SOLE 106,002 Legato Systems Inc Common Stock 524651106 4,050 544,567 SH SOLE 544,567 Federated Prime ObligationFund Money Market Fund 525172508 1,884 1,884,424 SH SOLE 1,884,424 Federated Prime ObligationFund Money Market Fund 525172508 279 278,834 SH SOLE 278,834 Lexmark International-Class A Common Stock 529771107 7,345 165,751 SH SOLE 165,751 Lilly (Eli) & Co Common Stock 532457108 7,310 78,544 SH SOLE 78,544 Lucent Technologies Inc Common Stock 549463107 13,242 980,910 SH SOLE 980,910 Macerich Company Equity REIT 554382101 2,000 104,236 SH SOLE 104,236

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 166,856 75,502 812,982 10,434 60,886 115,542 232,177 99,919 206,184 227,221 691,955 321,165 166,063 1,248 217,429 40,280 65,186 23,846 33,739 284,045 118,455 91,331 32,316 29,582 129,724 59,958 439,428 46,695 40,412 106,002 544,567 1,884,424 278,834 165,751 78,544 980,910 104,236

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS Mack-Cali Realty Corp Equity REIT 554489104 4,253 148,910 SH SOLE 148,910 Meristar Hospitatlity Corp Equity REIT 58984Y103 1,637 83,123 SH SOLE 83,123 Midway Games Inc Common Stock 598148104 3,415 480,983 SH SOLE 480,983 Mylan Laboratories Common Stock 628530107 5,941 235,859 SH SOLE 235,859 SL Green Realty Corp Equity REIT 78440X101 6,932 247,575 SH SOLE 247,575 SSGA Money Market Fund 784924748 14,826 14,826,168 SH SOLE 4,826,168 SSGA Money Market Fund 784924748 288 287,556 SH SOLE 287,556 Modern Sun Life Common Stock 81859$$14 14,041 40,000 SH SOLE 40,000 SLOC (U.S.) Cap Trust I Int. Bearing Common Shares 81916$$14 10 10,000 SH SOLE 10,000 Sunesco Insurance Agency Common Stock 81919$$14 50 2,500 SH SOLE 2,500 Simon Debartolo Group Inc Equity REIT 828806109 1,342 55,926 SH SOLE 55,926 Spieker Properties Inc Equity REIT 848497103 2,314 46,158 SH SOLE 46,158 Sprint Corp Common Stock 852061100 5,200 256,012 SH SOLE 256,012 Stancorp Financial Group Common Stock 852891100 30,894 647,000 SH SOLE 647,000 Storage Technology Common Stock 862111200 9,445 1,049,486 SH SOLE 1,049,486 Sun Benefit Services Co. Common Stock 86663#103 12 500 SH SOLE 500 Sun Capital Advisers Inc Common Stock 86664#102 1,500 2,500 SH SOLE 2,500 Sun Canada Financial Co Common Stock 86664R2*6 20,000 100 SH SOLE 100 Sun Capital Money Market Fund 86664T102 2,778 2,778,498 SH SOLE 2,778,498 Sun Capital Investment Grade Bond Fund 86664T201 10,929 1,138,410 SH SOLE 1,138,410 Sun Capital Real Estate Fund 86664T300 6,259 556,343 SH SOLE 556,343 Sun Capital Select Equity Fund 86664T409 3,424 312,118 SH SOLE 312,118 Sun Capital Blue Chip Mid Cap Fund 86664T508 4,764 341,977 SH SOLE 341,977 Sun Capital Investors Foundation Fund 86664T607 3,164 325,512 SH SOLE 325,512 Sun Capital Value Mid Cap Fund 86664T805 2,067 200,906 SH SOLE 200,906 Sun Capital Davis Financial Fund 86664T854 2,268 200,335 SH SOLE 200,335 Sun Capital Venture Value Fund 86664T862 1,972 200,560 SH SOLE 200,560 Sun Capital Value Managed Fund 86664T870 2,278 201,559 SH SOLE 201,559 Sun Capital Value Small Cap Fund 86664T888 2,438 204,382 SH SOLE 204,382 Sun Life Insurance & AnnuityNY Common Stock Affiliate 86679#105 19,500 2,000 SH SOLE 2,000 Sun Life (US) Co Common Stock Affiliate 86679$200 205,255 5,900 SH SOLE 5,900 Sun Life Finance Corporation Common Stock Affiliate 86679*109 0 1,000 SH SOLE 1,000 SLOC (U.S.) Holdings Inc. Common Stock Affiliate 86680#102 282,255 5,900 SH SOLE 5,900 SLOC (U.S.) Hldg Gen Part Inc. Common Stock Affiliate 86680*106 60,000 200 SH SOLE 200 SLOC International Assurance Common Stock Affiliate 86680Z934 1,250 12,500 SH SOLE 12,500 SLOC (US) Ops Hld Inc Com Stock 86683#109 297,255 5,900 SH SOLE 5,900 Sun Life of Canada (U.S.) SPE 97-1 86683*103 20,377 1,000 SH SOLE 1,000

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 148,910 83,123 480,983 235,859 247,575 14,826,168 287,556 40,000 10,000 2,500 55,926 46,158 256,012 647,000 1,049,486 500 2,500 100 2,778,498 1,138,410 556,343 312,118 341,977 325,512 200,906 200,335 200,560 201,559 204,382 2,000 5,900 1,000 5,900 200 12,500 5,900 1,000

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SLOC (US) Financial Svcs Hldgs Common 86683@101 47,541 100 SH SOLE 100 Sun Life (US) Distributors Common Stock 86684#108 32,421 4,000 SH SOLE 4,000 Sun Life of Canada Reinsurance Holdings (U.S.) Inc. (MGUSH) 86684@100 24,250 130 SH SOLE 130 TRW Inc Common Stock 872649108 11,402 294,256 SH SOLE 294,256 Thomas & Betts Corp Common Stock 884315102 7,192 444,264 SH SOLE 444,264 Time Warner Common Stock 887315109 3,147 60,245 SH SOLE 60,245 Ultramar Diamond Shamrock Corp Common Stock 904000106 7,820 253,271 SH SOLE 253,271 Unova Inc Common Stock 91529B106 2,912 803,431 SH SOLE 803,431 UnumProvident Corp. Common Stock 91529Y106 9,565 355,918 SH SOLE 355,918 Verizon Communications Common Stock 92343V104 7,051 140,672 SH SOLE 140,672 Vitria Technology Inc. Common Stock 92849Q104 3,527 455,107 SH SOLE 455,107 Waste Management Inc Common Stock 94106L109 13,391 482,545 SH SOLE 482,545 Sun Life Financial Service Ltd Common Stock Affiliate G8667#106 4,250 12,000 SH SOLE 12,000 SLOC Barbados Common Stock Affiliate P8667#106 8,250 82,500 SH SOLE 82,500 U.S. COMPANY STOCKS - CANADIAN OPERATIONS Chevron Corp US Oil & Gas Producr 166751107 1,607 19,033 SH SOLE Coca Cola Co US Bev-Soft Drinks 191216100 36 588 SH SOLE Heinz (H.J.) Company US Merchndsng-Food 423074103 21 436 SH SOLE Home Depot Inc US Merchndsng-Dept 437076102 434 9,502 SH SOLE Household International Inc Banks & Trusts 441815107 1,433 26,047 SH SOLE Kellogg Co US Food 487836108 388 14,773 SH SOLE Kimberly Clark US Paper & Forest Pr 494368103 327 4,630 SH SOLE National Oilwell US Oil-Integ Domest 637071101 106 2,727 SH SOLE Newell Rubbermaid Inc US Household Product 651229106 232 10,216 SH SOLE Pfizer Inc US Hospital-Supplies 717081103 4,687 101,901 SH SOLE Procter & Gamble Co US Misc Capital Good 742718109 1,951 24,868 SH SOLE Standard & Poor's Depository Index Units - US Unclassified 78462F103 19,731 278,100 SH SOLE Receipts Worldcom Inc US Util-Communicatn 98157D106 407 28,919 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 100 4,000 130 294,256 444,264 60,245 253,271 803,431 355,918 140,672 455,107 482,545 12,000 82,500 19,033 588 436 9,502 26,047 14,773 4,630 2,727 10,216 101,901 24,868 278,100 28,919

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS U.S. COMPANY COMMON STOCK - SLCAM - U.K. OPERATIONS ALTERA COM 2021690 4,369 111,000 SH SOLE AMER.EXPRESS COM 2026082 15,021 182,800 SH SOLE AMER.INTL.GP. COM 2027342 23,198 157,362 SH SOLE AMER.PHYS.CAP. COM 2027342 2,423 120,000 SH SOLE ANALOG DEVICES COM 2032067 8,039 105,000 SH SOLE ANHEUSER-BUSCH COM 2033004 12,284 180,500 SH SOLE AVAYA COM 2624356 289 18,739 SH SOLE AVNET COM 2066505 10,380 322,800 SH SOLE AVON PRODUCTS COM 2066721 8,385 117,100 SH SOLE BANK OF NEW YORK COM 2076021 8,915 108,000 SH SOLE BANK ONE COM 2298591 11,865 216,600 SH SOLE BRISTOL MYERS SQUIBB COM 2126335 9,400 85,000 SH SOLE CISCO SYSTEMS COM 2198163 19,028 332,600 SH SOLE CITIGROUP COM 2297907 24,873 325,665 SH SOLE CMTY.HLTH.SYS. COM 2600248 6,805 130,000 SH SOLE COCA COLA COM 2206657 14,292 156,800 SH SOLE CORNING COM 2224701 5,940 75,200 SH SOLE DELL COMPUTER COM 2261526 4,371 167,000 SH SOLE DU PONT E I DE NEMOURS COM 2018175 13,614 188,400 SH SOLE EL PASO EN. COM 2295945 20,280 189,300 SH SOLE EMC MASS. COM 2295172 8,952 90,000 SH SOLE EMERSON ELECTRIC COM 2313405 11,493 97,500 SH SOLE ENSCO INTL. COM 2105594 13,236 259,800 SH SOLE EXXON MOBIL COM 2326618 28,772 221,263 SH SOLE FANNIE MAE COM 2333889 10,756 82,900 SH SOLE GAP COM 2360326 4,768 125,000 SH SOLE GEN.ELEC. COM 2380498 34,051 474,900 SH SOLE HOME DEPOT COM 2434209 14,149 207,050 SH SOLE INFINITY BCAST.'A' NEW COM 2323675 7,522 180,000 SH SOLE INTEL COM 2463247 11,250 250,200 SH SOLE INTL.BUS.MACH. COM 2005973 7,336 57,700 SH SOLE J P MORGAN CHASE & CO. COM 2190385 17,656 259,800 SH SOLE JOHNSON & JOHNSON COM 2475833 10,607 67,500 SH SOLE LILLY ELI COM 2516152 9,980 71,700 SH SOLE LINEAR TECH. COM 2516839 6,918 100,000 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 111,000 182,800 157,362 120,000 105,000 180,500 18,739 322,800 117,100 108,000 216,600 85,000 332,600 325,665 130,000 156,800 75,200 167,000 188,400 189,300 90,000 97,500 259,800 221,263 82,900 125,000 474,900 207,050 180,000 250,200 57,700 259,800 67,500 71,700 100,000

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS MCDONALDS COM 2550707 7,882 155,000 SH SOLE MELLON FINL. COM 2576350 13,132 178,500 SH SOLE MERCK COM 2578312 15,180 108,400 SH SOLE MICROSOFT COM 2588173 12,476 192,300 SH SOLE NASDAQ 100 TST.UNT.SR.1 COM 2402433 26,193 300,000 SH SOLE PFIZER COM 2684703 26,571 386,200 SH SOLE PHARMACIA COM 2571883 7,447 81,623 SH SOLE QUAKER OATS COM 2715302 10,894 74,800 SH SOLE S&P.DEPY.RECPT.TST.UNIT SR.1 COM 2840215 27,471 140,000 SH SOLE SAFEWAY COM 2767165 13,424 143,600 SH SOLE SBC COMMUNICATIONS COM 2831811 14,218 199,078 SH SOLE SCHWAB (CHARLES) COM 2779397 11,068 260,800 SH SOLE SYSCO COM 2868165 12,600 280,800 SH SOLE TEXACO COM 2104698 12,609 135,700 SH SOLE TEXAS INSTS. COM 2885409 12,329 174,000 SH SOLE TIME WARNER COM 2871248 8,571 109,700 SH SOLE UNITED TECHNOLOGIES COM 2915500 15,817 134,500 SH SOLE VERIZON COMMS. COM 2090571 13,394 178,658 SH SOLE WAL MART STORES COM 2936921 18,315 230,500 SH SOLE WALGREEN COM 2934839 8,568 137,000 SH SOLE U.S. COMPANY STOCK - MCLEAN BUDDEN EL PASO ENRGY CO COMMON CUM RTS US - UTILITIES 28390510 A 143 2,000 SH SOLE ENRON CORP COMMON US - UTILITIES 29356110 A 13,321 160,235 SH SOLE FPL GROUP INC COMMON CUM RTS US - UTILITIES 30257110 A 36 500 SH SOLE VERIZON COMMUNIC COMMON US - UTILITIES 92343V10 A 22,918 457,150 SH SOLE ABBOTT LABS COMMON US - HEALTH CARE 00282410 A 528 10,900 SH SOLE AMERICAN HOME PR COMMON US - HEALTH CARE 02660910 A 19,226 302,500 SH SOLE AMGEN INC COMMON US - HEALTH CARE 03116210 F 3,562 55,700 SH SOLE BRISTOL MYERS SQ COMMON US - HEALTH CARE 11012210 A 44,386 600,235 SH SOLE GENENTECH INC COMMON US - HEALTH CARE 36871040 A 978 12,000 SH SOLE JOHNSON & JOHNSO COMMON US - HEALTH CARE 47816010 A 44,784 426,200 SH SOLE MERCK & CO INC COMMON US - HEALTH CARE 58933110 A 5,515 58,900 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 155,000 178,500 108,400 192,300 300,000 386,200 81,623 74,800 140,000 143,600 199,078 260,800 280,800 135,700 174,000 109,700 134,500 178,658 230,500 137,000 2,000 160,235 500 457,150 10,900 302,500 55,700 600,235 12,000 426,200 58,900

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS PFIZER INC COMMON US - HEALTH CARE 71708110 A 27,619 600,325 SH SOLE PHYSICIANS RES G COMMON(NQB) US - HEALTH CARE 71941S10 F 0 10,000 SH SOLE AMERICAN EXPRESS COMMON US - FINANCIAL 02581610 A 12 210 SH SOLE ARGONAUT GROUP I COMMON US - FINANCIAL 04015710 F 126 6,000 SH SOLE BANK OF AMERICA COMMON US - FINANCIAL 06050510 A 26,473 576,994 SH SOLE BERKSHIRE HATHAW CLASS A US - FINANCIAL 08467010 A 284 4 SH SOLE BERKSHIRE HATHAW CLASS B US - FINANCIAL 08467020 A 49 21 SH SOLE CAPITAL ONE FINL COMMON CUM RTS US - FINANCIAL 14040H10 A 66 1,000 SH SOLE CHASE MANHATTAN COMMON US - FINANCIAL 16161A10 A 32,819 722,200 SH SOLE CHUBB CORP COMMON CUM RTS US - FINANCIAL 17123210 A 311 3,600 SH SOLE CITIGROUP INC COMMON US - FINANCIAL 17296710 A 102 1,999 SH SOLE CREDITRUST CORP COMMON(NQB) US - FINANCIAL 22542910 F 3 8,200 SH SOLE EDWARDS AG INC COMMON CUM RTS US - FINANCIAL 28176010 A 13,626 287,200 SH SOLE FANNIE MAE COMMON US - FINANCIAL 31358610 A 25,591 294,957 SH SOLE FIRST VA BANKS I COMMON CUM RTS US - FINANCIAL 33747710 A 14 300 SH SOLE FRANKLIN RES INC COMMON US - FINANCIAL 35461310 A 14,884 390,600 SH SOLE FREDDIE MAC COMMON US - FINANCIAL 31340030 A 83 1,200 SH SOLE HUDSON RIV BANCO COMMON US - FINANCIAL 44412810 F 409 32,200 SH SOLE MBNA CORP COMMON US - FINANCIAL 55262L10 A 573 15,524 SH SOLE MELLON FINL CORP COMMON US - FINANCIAL 58551A10 A 260 5,280 SH SOLE MERCURY GENERAL COMMON US - FINANCIAL 58940010 A 351 8,000 SH SOLE MORGAN J P & CO COMMON US - FINANCIAL 61688010 A 662 4,000 SH SOLE MORGAN STAN DN W COMMON CUM RTS US - FINANCIAL 61744644 A 515 6,500 SH SOLE STATE STREET COR COMMON US - FINANCIAL 85747710 A 745 6,000 SH SOLE STILWELL FINL IN COMMON US - FINANCIAL 86083110 A 7,845 198,900 SH SOLE SUNTRUST BANKS I COMMON US - FINANCIAL 86791410 A 11,480 182,200 SH SOLE TD WATERHOUSE GR COMMON US - FINANCIAL 87236210 A 6,390 482,200 SH SOLE THISTLE GRP HLDG COMMON US - FINANCIAL 88431E10 F 308 38,500 SH SOLE ZENITH NATL INS COMMON US - FINANCIAL 98939010 A 207 7,054 SH SOLE HRPT PROPERTIES COM SH BEN INT US - CONSUMER SERVICES 40426W10 A 34 4,500 SH SOLE SENIOR HSG PPTYS SH BEN INT US - CONSUMER SERVICES 81721M10 A 4 450 SH SOLE ANHEUSER BUSCH C COMMON CUM RTS US - CONSUMER STAPLES 03522910 A 1,702 37,400 SH SOLE BECTON DICKINSON COMMON CUM RTS US - CONSUMER STAPLES 07588710 A 277 8,000 SH SOLE CARDINAL HEALTH COMMON US - CONSUMER STAPLES 14149Y10 A 355 3,562 SH SOLE CLOROX CO COMMON US - CONSUMER STAPLES 18905410 A 511 14,400 SH SOLE COCA COLA CO COMMON US - CONSUMER STAPLES 19121610 A 3,397 55,733 SH SOLE COLGATE PALMOLIV COMMON US - CONSUMER STAPLES 19416210 A 20,750 321,416 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 600,325 10,000 210 6,000 576,994 4 21 1,000 722,200 3,600 1,999 8,200 287,200 294,957 300 390,600 1,200 32,200 15,524 5,280 8,000 4,000 6,500 6,000 198,900 182,200 482,200 38,500 7,054 4,500 450 37,400 8,000 3,562 14,400 55,733 321,416

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS CORN PRODS INTL COMMON US - CONSUMER STAPLES 21902310 A 47 1,625 SH SOLE DISNEY WALT CO DISNEY COM US - CONSUMER STAPLES 25468710 A 14,880 514,128 SH SOLE (CUM RTS) FRENCH FRAGRANCE RIGHTS US - CONSUMER STAPLES EFFRANCES 0 1,277 SH SOLE JAN 01 2005 GILLETTE CO COM COMMON US - CONSUMER STAPLES 37576610 A 22,929 634,620 SH SOLE HEINZ H J CO COMMON US - CONSUMER STAPLES 42307410 A 47 1,000 SH SOLE MCDONALDS CORP COMMON US - CONSUMER STAPLES 58013510 A 2,384 70,100 SH SOLE MEDTRONIC INC COMMON CUM RTS US - CONSUMER STAPLES 58505510 A 126 2,090 SH SOLE PEPSICO INC COMMON US - CONSUMER STAPLES 71344810 A 24,071 485,600 SH SOLE PHILIP MORRIS CO COMMON US - CONSUMER STAPLES 71815410 A 42,639 968,950 SH SOLE PROCTER & GAMBLE COMMON US - CONSUMER STAPLES 74271810 A 23,662 301,631 SH SOLE SARA LEE CORP COMMON CUM RTS US - CONSUMER STAPLES 80311110 A 265 10,800 SH SOLE SCHERING PLOUGH COMMON CUM RTS US - CONSUMER STAPLES 80660510 A 2,060 36,300 SH SOLE SYSCO CORP COMMON CUM RTS US - CONSUMER STAPLES 87182910 A 138 4,600 SH SOLE TIME WARNER INC COMMON US - CONSUMER STAPLES 88731510 A 52 1,000 SH SOLE TRICON GLOBAL RE COMMON CUM RIGHTS US - CONSUMER STAPLES 89595310 A 20 620 SH SOLE USA NETWORKS INC COMMON US - CONSUMER STAPLES 90298410 F 1,516 78,000 SH SOLE UST INC COMMON US - CONSUMER STAPLES 90291110 A 1,142 40,700 SH SOLE WALGREEN CO COMMON CUM RTS US - CONSUMER STAPLES 93142210 A 1,489 35,600 SH SOLE WENDYS INTL INC COMMON CUM RTS US - CONSUMER STAPLES 95059010 A 1,346 51,275 SH SOLE WRIGLEY WM JR CO COMMON US - CONSUMER STAPLES 98252610 A 220 2,300 SH SOLE ALBERTSONS INC COMMON CUM RTS US - CONSUMER CYCLICAL 01310410 A 18,089 682,500 SH SOLE COSTCO WHSL CORP COMMON US - CONSUMER CYCLICAL 22160K10 F 18,374 460,000 SH SOLE GAP INC COMMON US - CONSUMER CYCLICAL 36476010 A 52 2,025 SH SOLE GENERAL MOTORS C CLASS H US - CONSUMER CYCLICAL 37044283 A 7,492 325,696 SH SOLE GENERAL MTRS COR COMMON US - CONSUMER CYCLICAL 37044210 A 24 476 SH SOLE HOME DEPOT INC COMMON US - CONSUMER CYCLICAL 43707610 A 837 18,315 SH SOLE JUMBOSPORTS INC COMMON(NQB) US - CONSUMER CYCLICAL 48138610 F 0 1,400 SH SOLE LITTLE SWITZ INC COMMON US - CONSUMER CYCLICAL 53752810 F 4 5,400 SH SOLE SERVICE MERCHAND COMMON US - CONSUMER CYCLICAL 81758710 F 0 6,100 SH SOLE SUPERIOR INDS IN COMMON US - CONSUMER CYCLICAL 86816810 A 19,754 625,800 SH SOLE V F CORP COMMON CUM RTS US - CONSUMER CYCLICAL 91820410 A 109 3,000 SH SOLE WAL MART STORES COMMON US - CONSUMER CYCLICAL 93114210 A 638 12,000 SH SOLE ADC TELECOMMUNIC COMMON US - TECHNOLOGY 00088610 F 6,000 331,000 SH SOLE AGILENT TECHN IN COMMON US - TECHNOLOGY 00846U10 A 5 99 SH SOLE AMERICA ONLINE I COMMON CUM RIGHTS US - TECHNOLOGY 02364J10 A 348 10,000 SH SOLE APPLE COMPUTER I COMMON US - TECHNOLOGY 03783310 F 726 48,800 SH SOLE APPLIED MATLS IN COMMON US - TECHNOLOGY 03822210 F 16,293 426,600 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 1,625 514,128 1,277 634,620 1,000 70,100 2,090 485,600 968,950 301,631 10,800 36,300 4,600 1,000 620 78,000 40,700 35,600 51,275 2,300 682,500 460,000 2,025 325,696 476 18,315 1,400 5,400 6,100 625,800 3,000 12,000 331,000 99 10,000 48,800 426,600

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS AUTOMATIC DATA P COMMON US - TECHNOLOGY 05301510 A 1,089 17,200 SH SOLE AVAYA INC COMMON US - TECHNOLOGY 05349910 A 7 665 SH SOLE AXCELIS TECHNOLO COMMON US - TECHNOLOGY 05454010 F 408 46,000 SH SOLE BMC SOFTWARE INC COMMON US - TECHNOLOGY 05592110 F 6,094 435,200 SH SOLE CISCO SYSTEMS IN COMMON US - TECHNOLOGY 17275R10 F 497 13,000 SH SOLE COMPAQ COMPUTER COMMON US - TECHNOLOGY 20449310 A 13,794 916,453 SH SOLE EMC CORP MASS COMMON US - TECHNOLOGY 26864810 A 4,809 72,300 SH SOLE ENTRUST TECHNOLO COMMON US - TECHNOLOGY 29384810 F 6,288 483,600 SH SOLE FIRST DATA CORP COMMON US - TECHNOLOGY 31996310 A 21,488 407,775 SH SOLE HEWLETT PACKARD COMMON US - TECHNOLOGY 42823610 A 15,708 497,620 SH SOLE IBM COMMON US - TECHNOLOGY 45920010 A 18,693 219,890 SH SOLE INTEL CORP COMMON US - TECHNOLOGY 45814010 F 15,565 517,700 SH SOLE INTUIT COMMON US - TECHNOLOGY 46120210 F 12,168 308,500 SH SOLE LEAP WIRELESS IN COMMON US - TECHNOLOGY 52186310 F 13 500 SH SOLE LUCENT TECHNOLOG COMMON US - TECHNOLOGY 54946310 A 14,589 1,080,550 SH SOLE MICROSOFT CORP COMMON US - TECHNOLOGY 59491810 F 17,802 410,360 SH SOLE MOTOROLA INC COMMON US - TECHNOLOGY 62007610 A 21,205 1,047,000 SH SOLE NTL INC COMMON US - TECHNOLOGY 62940710 A 0 2 SH SOLE ORACLE CORP COMMON US - TECHNOLOGY 68389X10 F 11,664 401,300 SH SOLE QUALCOMM INC COMMON US - TECHNOLOGY 74752510 F 238 2,900 SH SOLE RAYTHEON COMPANY CLASS A COMMON US - TECHNOLOGY 75511130 A 21,596 744,600 SH SOLE RAYTHEON COMPANY CLASS B US - TECHNOLOGY 75511140 A 270 8,700 SH SOLE SUN MICROSYSTEM COMMON US - TECHNOLOGY 86681010 F 2,476 88,800 SH SOLE SUNGARD DATA SYS COMMON CUM RIGHTS US - TECHNOLOGY 86736310 A 838 17,775 SH SOLE SYMANTEC CORP COMMON US - TECHNOLOGY 87150310 F 721 21,600 SH SOLE UNISYS CORPORATI COMMON US - TECHNOLOGY 90921410 A 15,222 1,040,700 SH SOLE WORLDCOM INC GA COMMON US - TECHNOLOGY 98157D10 F 53 3,790 SH SOLE XEROX CORP COMMON CUM RTS US - TECHNOLOGY 98412110 A 326 70,500 SH SOLE BOEING CO COMMON US - CAPITAL GOODS 09702310 A 1,320 20,000 SH SOLE CORNING INCORPOR COMMON US - CAPITAL GOODS 21935010 A 11,008 208,400 SH SOLE CUMMINS ENGINE I COMMON CUM RTS US - CAPITAL GOODS 23102110 A 1,495 39,400 SH SOLE DIEBOLD INC COMMON CUM RTS US - CAPITAL GOODS 25365110 A 374 11,200 SH SOLE EATON CORP COMMON US - CAPITAL GOODS 27805810 A 18,040 239,900 SH SOLE EMERSON ELEC CO COMMON CUM RTS US - CAPITAL GOODS 29101110 A 575 7,300 SH SOLE FLUOR CORPORATIO COMMON US - CAPITAL GOODS 34341210 A 893 27,000 SH SOLE GENERAL ELEC CO COMMON US - CAPITAL GOODS 36960410 A 21,102 440,135 SH SOLE GENESIS WORLDWID COMMON US - CAPITAL GOODS 37184G10 A 0 1,142 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 17,200 665 46,000 435,200 13,000 916,453 72,300 483,600 407,775 497,620 219,890 517,700 308,500 500 1,080,550 410,360 1,047,000 2 401,300 2,900 744,600 8,700 88,800 17,775 21,600 1,040,700 3,790 70,500 20,000 208,400 39,400 11,200 239,900 7,300 27,000 440,135 1,142

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS HONEYWELL INTL I COMMON US - CAPITAL GOODS 43851610 A 22,918 484,337 SH SOLE INGERSOLL RAND C COMMON CUM RTS US - CAPITAL GOODS 45686610 A 75 1,800 SH SOLE MASSEY ENERGY CO COMMON US - CAPITAL GOODS 57620610 A 344 27,000 SH SOLE MINNESOTA MNG & COMMON US - CAPITAL GOODS 60405910 A 34,636 287,400 SH SOLE MOLEX INC CLASS A US - CAPITAL GOODS 60855420 F 11 445 SH SOLE PITNEY BOWES INC COMMON CUM RTS US - CAPITAL GOODS 72447910 A 8,521 257,200 SH SOLE TYCO INTL LTD COMMON PAR $0.20 US - CAPITAL GOODS 90212410 A 2 30 SH SOLE UNITED TECHNOLOG COMMON US - CAPITAL GOODS 91301710 A 35,189 447,500 SH SOLE CHEVRON CORPORAT COMMON CUM RTS US - ENERGY 16675110 A 828 9,800 SH SOLE COHO ENERGY INC COMMON US - ENERGY 19248120 F 0 3 SH SOLE EXXON MOBIL CORP COMMON US - ENERGY 30231G10 A 984 11,320 SH SOLE SCHLUMBERGER LTD COMMON US - ENERGY 80685710 A 1,804 22,560 SH SOLE TEXACO INC COMMON CUM RTS US - ENERGY 88169410 A 186 3,000 SH SOLE TRANSOCEAN SEDCO ORDINARY US - ENERGY G9007810 A 9,611 208,900 SH SOLE AIR PRODS & CHEM COMMON CUM RTS US - BASIC MATERIALS 00915810 A 18,485 450,800 SH SOLE CONTINENTAL AIR CLASS B CUM RIGHTS US - BASIC MATERIALS 21079530 A 52 1,000 SH SOLE DOW CHEM CO COMMON US - BASIC MATERIALS 26054310 A 82 2,250 SH SOLE DU PONT E I DE N COMMON US - BASIC MATERIALS 26353410 A 29 600 SH SOLE FREEPORT-MCMORAN CLASS A US - BASIC MATERIALS 35671D10 A 4 500 SH SOLE NABORS INDS INC COMMON US - BASIC MATERIALS 62956810 F 166 2,800 SH SOLE NEWMONT MNG CORP COMMON CUM RTS US - BASIC MATERIALS 65163910 A 48 2,800 SH SOLE PHARMACIA CORP COMMON US - BASIC MATERIALS 71713U10 A 153 2,500 SH SOLE FEDEX CORPORATIO COMMON US - TRANSPORTATION 31428X10 A 17,477 437,316 SH SOLE HOMEFED CORP COMMON US - OTHER U.S. COMPANIES 43739D20 F 1 1,505 SH SOLE SYCON CORPORATIO COMMON US - OTHER U.S. COMPANIES ESYCON 0 5,000 SH SOLE VENTURES WEST II US LTD PARTNERSHIP US - OTHER U.S. COMPANIES E949560 10 2,530 SH SOLE ALLTEL CORP COMMON CUM RTS US - COMMUNICATION SERVICES 02003910 A 8,493 136,000 SH SOLE AT&T CORP COMMON US - COMMUNICATION SERVICES 00195710 A 41 2,400 SH SOLE

COLUMN 8 VOTING AUTHORITY SOLE SHARED NONE 484,337 1,800 27,000 287,400 445 257,200 30 447,500 9,800 3 11,320 22,560 3,000 208,900 450,800 1,000 2,250 600 500 2,800 2,800 2,500 437,316 1,505 5,000 2,530 136,000 2,400