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, 2003
Check here if Amendment [ ]; Amendment Number: _______________
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95052-8119
Form 13F File Number: 28-5160
Person Signing this Report on Behalf of Reporting Manager:
Arvind Sodhani, Vice President and Treasurer (408) 765-1240
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ATTENTION--Intentional misstatements or omissions of facts
constitute Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a)
---------------------------------------------------------------
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.
Signature, Place and Date of Signing:
/S/Arvind Sodhani Santa Clara, California August 14, 2003
-------------------
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 manager(s).)
Form 13F SUMMARY PAGE
REPORTING MANAGER: INTEL CORPORATION
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 309
Form 13F Information Table Value Total: $300,538
*Confidential Treatment Requested: Confidential information has
been omitted from this Form 13F and filed separately with the
Commission.
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.
NONE
6/30/03
FORM 13F INFORMATION TABLE
REPORTING MANAGER: INTEL CORPORATION
ITEM 4: ITEM 5:
FAIR SHARES ITEM 8:
ITEM 2: ITEM 3: MARKET OR ITEM 6: VOTING AUTHORITY
ITEM 1: TITLE OF CUSIP VALUE PRINCIPAL SH/ INVESTMENT ITEM 7: (A) (B) (C)
NAME OF ISSUER CLASS NUMBER (000) AMOUNT PRN DISCRETION MANAGERS SOLE SHARED NONE
3M CO COM 88579Y101 1,509 11700 SH SOLE 11700
A D C TELECOMMUNICATIONS COM 000886101 55 24050 SH SOLE 24050
ABBOTT LABS COM 002824100 2,054 46944 SH SOLE 46944
ACE LTD ORD G0070K103 271 7900 SH SOLE 7900
ADOBE SYS INC COM 00724F101 221 6900 SH SOLE 6900
ADVANCED MICRO DEVICES INC COM 007903107 66 10350 SH SOLE 10350
AES CORP COM 00130H105 117 18450 SH SOLE 18450
AETNA INC NEW COM 00817Y108 273 4539 SH SOLE 4539
AFLAC INC COM 001055102 475 15450 SH SOLE 15450
AGILENT TECHNOLOGIES INC COM 00846U101 277 14178 SH SOLE 14178
AIR PRODS & CHEMS INC COM 009158106 283 6800 SH SOLE 6800
ALBERTSONS INC COM 013104104 211 11001 SH SOLE 11001
ALCOA INC COM 013817101 646 25352 SH SOLE 25352
ALLERGAN INC COM 018490102 301 3900 SH SOLE 3900
ALLSTATE CORP COM 020002101 752 21080 SH SOLE 21080
ALLTEL CORP COM 020039103 448 9300 SH SOLE 9300
ALTERA CORP COM 021441100 189 11500 SH SOLE 11500
ALTRIA GROUP INC COM 02209S103 2,765 60849 SH SOLE 60849
AMBAC FINL GROUP INC COM 023139108 212 3200 SH SOLE 3200
AMEREN CORP COM 023608102 212 4800 SH SOLE 4800
AMERICAN ELEC PWR INC COM 025537101 354 11882 SH SOLE 11882
AMERICAN EXPRESS CO COM 025816109 1,629 38950 SH SOLE 38950
AMERICAN INTL GROUP INC COM 026874107 4,323 78343 SH SOLE 78343
AMERISOURCEBERGEN CORP COM 03073E105 232 3350 SH SOLE 3350
AMGEN INC COM 031162100 2,495 37835 SH SOLE 37835
AMSOUTH BANCORPORATION COM 032165102 234 10700 SH SOLE 10700
ANADARKO PETE CORP COM 032511107 333 7493 SH SOLE 7493
ANALOG DEVICES INC COM 032654105 380 10900 SH SOLE 10900
ANHEUSER BUSCH COS INC COM 035229103 1,281 25100 SH SOLE 25100
ANTHEM INC COM 03674B104 324 4200 SH SOLE 4200
AOL TIME WARNER INC COM 00184A105 2,175 135195 SH SOLE 135195
AON CORP COM 037389103 223 9256 SH SOLE 9256
APACHE CORP COM 037411105 312 4794 SH SOLE 4794
APOLLO GROUP INC CL A 037604105 321 5200 SH SOLE 5200
APPLE COMPUTER INC COM 037833100 210 11000 SH SOLE 11000
APPLIED MATLS INC COM 038222105 789 49800 SH SOLE 49800
ARCHER DANIELS MIDLAND CO COM 039483102 249 19367 SH SOLE 19367
AT&T CORP COM NEW 001957505 455 23621 SH SOLE 23621
AT&T WIRELESS SVCS INC COM 00209A106 669 81525 SH SOLE 81525
AUTOMATIC DATA PROCESSING INC COM 053015103 610 18002 SH SOLE 18002
AUTOZONE INC COM 053332102 205 7200 SH SOLE 7200
AVAYA INC COM 053499109 74 11421 SH SOLE 11421
AVON PRODS INC COM 054303102 442 7114 SH SOLE 7114
BAKER HUGHES INC COM 057224107 341 10160 SH SOLE 10160
BANK NEW YORK INC COM 064057102 662 23040 SH SOLE 23040
BANK OF AMERICA CORPORATION COM 060505104 3,566 45117 SH SOLE 45117
BANK ONE CORP COM 06423A103 1,278 34362 SH SOLE 34362
BAXTER INTL INC COM 071813109 464 17840 SH SOLE 17840
BB&T CORP COM 054937107 484 14100 SH SOLE 14100
BEAR STEARNS COS INC COM 073902108 215 2974 SH SOLE 2974
BECTON DICKINSON & CO COM 075887109 295 7600 SH SOLE 7600
BED BATH & BEYOND INC COM 075896100 342 8800 SH SOLE 8800
BELLSOUTH CORP COM 079860102 1,477 55482 SH SOLE 55482
BEST BUY INC COM 086516101 426 9700 SH SOLE 9700
BIOMET INC COM 090613100 222 7750 SH SOLE 7750
BLOCK H & R INC COM 093671105 234 5400 SH SOLE 5400
BOEING CO COM 097023105 865 25215 SH SOLE 25215
BOSTON SCIENTIFIC CORP COM 101137107 751 12292 SH SOLE 12292
BRISTOL MYERS SQUIBB CO COM 110122108 1,579 58146 SH SOLE 58146
BROADCOM CORP CL A 111320107 207 8300 SH SOLE 8300
BURLINGTON NORTHN SANTA FE C COM 12189T104 320 11267 SH SOLE 11267
BURLINGTON RES INC COM 122014103 328 6072 SH SOLE 6072
CALPINE CORP COM 131347106 76 11500 SH SOLE 11500
CAMPBELL SOUP CO COM 134429109 301 12300 SH SOLE 12300
CAPITAL ONE FINL CORP COM 14040H105 330 6700 SH SOLE 6700
CARDINAL HEALTH INC COM 14149Y108 871 13550 SH SOLE 13550
CARNIVAL CORP PAIRED 143658300 614 18900 SH SOLE 18900
CTF
CATERPILLAR INC DEL COM 149123101 573 10290 SH SOLE 10290
CENDANT CORP COM 151313103 560 30581 SH SOLE 30581
CHARTER ONE FINL INC COM 160903100 212 6788 SH SOLE 6788
CHEVRONTEXACO CORP COM 166764100 2,313 32040 SH SOLE 32040
CHIRON CORP COM 170040109 246 5600 SH SOLE 5600
CHUBB CORP COM 171232101 333 5550 SH SOLE 5550
CIENA CORP COM 171779101 73 14200 SH SOLE 14200
CISCO SYS INC COM 17275R102 3,703 230,144 SH SOLE 230,144
CITIGROUP INC COM 172967101 6,621 154693 SH SOLE 154693
CLEAR CHANNEL COMMUNICATIONS COM 184502102 780 18400 SH SOLE 18400
CLOROX CO DEL COM 189054109 281 6600 SH SOLE 6600
COCA COLA CO COM 191216100 3,435 74008 SH SOLE 74008
COCA COLA ENTERPRISES INC COM 191219104 245 13500 SH SOLE 13500
COLGATE PALMOLIVE CO COM 194162103 939 16200 SH SOLE 16200
COMCAST CORP NEW CL A 20030N101 2,040 67599 SH SOLE 67599
COMERICA INC COM 200340107 242 5200 SH SOLE 5200
COMPUTER ASSOC INTL INC COM 204912109 384 17250 SH SOLE 17250
COMPUTER SCIENCES CORP COM 205363104 213 5600 SH SOLE 5600
COMPUWARE CORP COM 205638109 65 11300 SH SOLE 11300
CONAGRA FOODS INC COM 205887102 380 16100 SH SOLE 16100
CONCORD EFS INC COM 206197105 215 14600 SH SOLE 14600
CONOCOPHILLIPS COM 20825C104 1,111 20282 SH SOLE 20282
CONSOLIDATED EDISON INC COM 209115104 290 6700 SH SOLE 6700
CORNING INC COM 219350105 281 38050 SH SOLE 38050
COSTCO WHSL CORP NEW COM 22160K105 501 13700 SH SOLE 13700
COUNTRYWIDE FINANCIAL CORP COM 222372104 264 3800 SH SOLE 3800
CVS CORP COM 126650100 331 11800 SH SOLE 11800
DANAHER CORP DEL COM 235851102 313 4600 SH SOLE 4600
DEERE & CO COM 244199105 329 7200 SH SOLE 7200
DELL COMPUTER CORP COM 247025109 2,456 77150 SH SOLE 77150
DELPHI CORP COM 247126105 145 16758 SH SOLE 16758
DEVON ENERGY CORP NEW COM 25179M103 374 7000 SH SOLE 7000
DISNEY WALT CO COM 254687106 1,211 61312 SH SOLE 61312
DISNEY
DOLLAR GEN CORP COM 256669102 183 10018 SH SOLE 10018
DOMINION RES INC VA NEW COM 25746U109 603 9384 SH SOLE 9384
DOW CHEM CO COM 260543103 848 27393 SH SOLE 27393
DU PONT E I DE NEMOURS & CO COM 263534109 1,243 29850 SH SOLE 29850
DUKE ENERGY CORP COM 264399106 540 27046 SH SOLE 27046
DYNEGY INC NEW CL A 26816Q101 47 11150 SH SOLE 11150
E M C CORP MASS COM 268648102 688 65704 SH SOLE 65704
EASTMAN KODAK CO COM 277461109 239 8750 SH SOLE 8750
EBAY INC COM 278642103 988 9500 SH SOLE 9500
EL PASO CORP COM 28336L109 146 18014 SH SOLE 18014
ELECTRONIC ARTS INC COM 285512109 318 4300 SH SOLE 4300
ELECTRONIC DATA SYS NEW COM 285661104 307 14300 SH SOLE 14300
EMERSON ELEC CO COM 291011104 646 12650 SH SOLE 12650
ENTERGY CORP NEW COM 29364G103 357 6700 SH SOLE 6700
EQUITY OFFICE PROPERTIES TRU COM 294741103 327 12100 SH SOLE 12100
EQUITY RESIDENTIAL SH BEN 29476L107 211 8150 SH SOLE 8150
INT
EXELON CORP COM 30161N101 580 9700 SH SOLE 9700
EXXON MOBIL CORP COM 30231G102 7,208 200725 SH SOLE 200725
FEDERAL HOME LN MTG CORP COM 313400301 1,050 20682 SH SOLE 20682
FEDERAL NATL MTG ASSN COM 313586109 1,986 29450 SH SOLE 29450
FEDERATED DEPT STORES INC DE COM 31410H101 209 5659 SH SOLE 5659
FEDEX CORP COM 31428X106 558 9000 SH SOLE 9000
FIFTH THIRD BANCORP COM 316773100 999 17392 SH SOLE 17392
FIRST DATA CORP COM 319963104 937 22600 SH SOLE 22600
FIRSTENERGY CORP COM 337932107 342 8900 SH SOLE 8900
FISERV INC COM 337738108 203 5700 SH SOLE 5700
FLEETBOSTON FINL CORP COM 339030108 938 31558 SH SOLE 31558
FORD MTR CO DEL COM PAR 345370860 606 55115 SH SOLE 55115
$0.01
FOREST LABS INC CL A 345838106 597 10900 SH SOLE 10900
FORMFACTOR INC COM 346375108 31,432 1775821 SH SOLE 1775821
FORTUNE BRANDS INC COM 349631101 234 4486 SH SOLE 4486
FPL GROUP INC COM 302571104 368 5500 SH SOLE 5500
FRANKLIN RES INC COM 354613101 301 7700 SH SOLE 7700
GANNETT INC COM 364730101 614 8000 SH SOLE 8000
GAP INC DEL COM 364760108 501 26725 SH SOLE 26725
GENERAL DYNAMICS CORP COM 369550108 435 6000 SH SOLE 6000
GENERAL ELEC CO COM 369604103 8,615 300384 SH SOLE 300384
GENERAL MLS INC COM 370334104 526 11100 SH SOLE 11100
GENERAL MTRS CORP COM 370442105 607 16874 SH SOLE 16874
GENZYME CORP COM 372917104 268 6400 SH SOLE 6400
GILLETTE CO COM 375766102 977 30650 SH SOLE 30650
GOLDEN WEST FINL CORP DEL COM 381317106 372 4650 SH SOLE 4650
GOLDMAN SACHS GROUP INC COM 38141G104 1,189 14200 SH SOLE 14200
GUIDANT CORP COM 401698105 408 9200 SH SOLE 9200
HALLIBURTON CO COM 406216101 301 13100 SH SOLE 13100
HANCOCK JOHN FINL SVCS INC COM 41014S106 266 8650 SH SOLE 8650
HARLEY DAVIDSON INC COM 412822108 363 9100 SH SOLE 9100
HARTFORD FINL SVCS GROUP INC COM 416515104 423 8400 SH SOLE 8400
HCA INC COM 404119109 495 15450 SH SOLE 15450
HEINZ H J CO COM 423074103 346 10500 SH SOLE 10500
HERSHEY FOODS CORP COM 427866108 272 3900 SH SOLE 3900
HEWLETT PACKARD CO COM 428236103 1,951 91616 SH SOLE 91616
HILTON HOTELS CORP COM 432848109 145 11300 SH SOLE 11300
HOME DEPOT INC COM 437076102 2,287 69050 SH SOLE 69050
HONEYWELL INTL INC COM 438516106 689 25657 SH SOLE 25657
ILLINOIS TOOL WKS INC COM 452308109 606 9200 SH SOLE 9200
INGERSOLL-RAND COMPANY LTD CL A G4776G101 241 5100 SH SOLE 5100
INTERNATIONAL BUSINESS MACHS COM 459200101 4,283 51918 SH SOLE 51918
INTERNATIONAL GAME TECHNOLOGY COM 459902102 256 2500 SH SOLE 2500
INTERPUBLIC GROUP COS INC COM 460690100 155 11600 SH SOLE 11600
INTL PAPER CO COM 460146103 515 14416 SH SOLE 14416
INTUIT COM 461202103 277 6200 SH SOLE 6200
J P MORGAN CHASE & CO COM 46625H100 2,087 61071 SH SOLE 61071
JDS UNIPHASE CORP COM 46612J101 150 43000 SH SOLE 43000
JOHNSON & JOHNSON COM 478160104 4,610 89166 SH SOLE 89166
JOHNSON CTLS INC COM 478366107 231 2700 SH SOLE 2700
KELLOGG CO COM 487836108 422 12280 SH SOLE 12280
KEYCORP NEW COM 493267108 323 12784 SH SOLE 12784
KIMBERLY CLARK CORP COM 494368103 803 15400 SH SOLE 15400
KINDER MORGAN INC KANS COM 49455P101 202 3700 SH SOLE 3700
KLA-TENCOR CORP COM 482480100 265 5700 SH SOLE 5700
KOHLS CORP COM 500255104 519 10100 SH SOLE 10100
KROGER CO COM 501044101 378 22650 SH SOLE 22650
LEHMAN BROS HLDGS INC COM 524908100 485 7300 SH SOLE 7300
LEXMARK INTL NEW CL A 529771107 269 3800 SH SOLE 3800
LILLY ELI & CO COM 532457108 2,328 33750 SH SOLE 33750
LIMITED BRANDS INC COM 532716107 243 15706 SH SOLE 15706
LINEAR TECHNOLOGY CORP COM 535678106 304 9400 SH SOLE 9400
LOCKHEED MARTIN CORP COM 539830109 649 13644 SH SOLE 13644
LOEWS CORP COM 540424108 265 5600 SH SOLE 5600
LOWES COS INC COM 548661107 1,005 23400 SH SOLE 23400
LSI LOGIC CORP COM 502161102 79 11200 SH SOLE 11200
LUCENT TECHNOLOGIES INC COM 549463107 252 124311 SH SOLE 124311
MARATHON OIL CORP COM 565849106 248 9400 SH SOLE 9400
MARRIOTT INTL INC NEW CL A 571903202 269 7000 SH SOLE 7000
MARSH & MCLENNAN COS INC COM 571748102 825 16158 SH SOLE 16158
MARSHALL & ILSLEY CORP COM 571834100 208 6800 SH SOLE 6800
MASCO CORP COM 574599106 341 14300 SH SOLE 14300
MATTEL INC COM 577081102 249 13175 SH SOLE 13175
MAXIM INTEGRATED PRODS INC COM 57772K101 331 9700 SH SOLE 9700
MBIA INC COM 55262C100 215 4400 SH SOLE 4400
MBNA CORP COM 55262L100 800 38380 SH SOLE 38380
MCDONALDS CORP COM 580135101 841 38104 SH SOLE 38104
MCGRAW HILL COS INC COM 580645109 360 5800 SH SOLE 5800
MCKESSON CORP COM 58155Q103 311 8713 SH SOLE 8713
MEDIMMUNE INC COM 584699102 273 7500 SH SOLE 7500
MEDTRONIC INC COM 585055106 1,754 36562 SH SOLE 36562
MELLON FINL CORP COM 58551A108 359 12950 SH SOLE 12950
MERCK & CO INC COM 589331107 4,082 67416 SH SOLE 67416
MERRILL LYNCH & CO INC COM 590188108 1,299 27818 SH SOLE 27818
METLIFE INC COM 59156R108 646 22800 SH SOLE 22800
MICRON TECHNOLOGY INC COM 595112103 212 18200 SH SOLE 18200
MICROSOFT CORP COM 594918104 8,273 322650 SH SOLE 322650
MOODYS CORP COM 615369105 237 4500 SH SOLE 4500
MORGAN STANLEY COM 617446448 1,392 32556 SH SOLE 32556
MOTOROLA INC COM 620076109 656 69598 SH SOLE 69598
NATIONAL CITY CORP COM 635405103 602 18400 SH SOLE 18400
NEOMAGIC CORP COM 640497103 16 10,497 SH SOLE 10,497
NETWORK APPLIANCE INC COM 64120L104 164 10200 SH SOLE 10200
NEW YORK TIMES CO CL A 650111107 207 4550 SH SOLE 4550
NEWELL RUBBERMAID INC COM 651229106 230 8224 SH SOLE 8224
NEWMONT MINING CORP COM 651639106 392 12062 SH SOLE 12062
NEXTEL COMMUNICATIONS INC CL A 65332V103 558 30900 SH SOLE 30900
NIKE INC CL B 654106103 423 7900 SH SOLE 7900
NORFOLK SOUTHN CORP COM 655844108 224 11650 SH SOLE 11650
NORTHERN TR CORP COM 665859104 275 6600 SH SOLE 6600
NORTHROP GRUMMAN CORP COM 666807102 473 5479 SH SOLE 5479
NOVELL INC COM 670006105 35 11094 SH SOLE 11094
OCCIDENTAL PETE CORP DEL COM 674599105 379 11300 SH SOLE 11300
OMNICOM GROUP INC COM 681919106 402 5600 SH SOLE 5600
ORACLE CORP COM 68389X105 1,892 157534 SH SOLE 157534
PACCAR INC COM 693718108 234 3450 SH SOLE 3450
PAYCHEX INC COM 704326107 331 11275 SH SOLE 11275
PEPSICO INC COM 713448108 2,296 51600 SH SOLE 51600
PFIZER INC COM 717081103 8,103 237264 SH SOLE 237264
PG&E CORP COM 69331C108 258 12196 SH SOLE 12196
PITNEY BOWES INC COM 724479100 273 7100 SH SOLE 7100
PNC FINL SVCS GROUP INC COM 693475105 415 8500 SH SOLE 8500
PPG INDS INC COM 693506107 257 5070 SH SOLE 5070
PPL CORP COM 69351T106 219 5100 SH SOLE 5100
PRAXAIR INC COM 74005P104 290 4831 SH SOLE 4831
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 316 9800 SH SOLE 9800
PROCTER & GAMBLE CO COM 742718109 3,465 38850 SH SOLE 38850
PROGRESS ENERGY INC COM 743263105 312 7100 SH SOLE 7100
PROGRESSIVE CORP OHIO COM 743315103 475 6500 SH SOLE 6500
PRUDENTIAL FINL INC COM 744320102 556 16525 SH SOLE 16525
PUBLIC SVC ENTERPRISE GROUP COM 744573106 283 6694 SH SOLE 6694
QUALCOMM INC COM 747525103 852 23700 SH SOLE 23700
QUEST DIAGNOSTICS INC COM 74834L100 204 3200 SH SOLE 3200
QWEST COMMUNICATIONS INTL IN COM 749121109 243 50898 SH SOLE 50898
RAYTHEON CO COM NEW 755111507 401 12200 SH SOLE 12200
REGIONS FINL CORP COM 758940100 223 6600 SH SOLE 6600
ROHM & HAAS CO COM 775371107 205 6592 SH SOLE 6592
SAFEWAY INC COM NEW 786514208 270 13200 SH SOLE 13200
SANMINA SCI CORP COM 800907107 96 15250 SH SOLE 15250
SARA LEE CORP COM 803111103 441 23450 SH SOLE 23450
SBC COMMUNICATIONS INC COM 78387G103 2,551 99844 SH SOLE 99844
SCHERING PLOUGH CORP COM 806605101 819 44050 SH SOLE 44050
SCHLUMBERGER LTD COM 806857108 832 17500 SH SOLE 17500
SCHWAB CHARLES CORP NEW COM 808513105 410 40600 SH SOLE 40600
SEARS ROEBUCK & CO COM 812387108 309 9200 SH SOLE 9200
SIEBEL SYS INC COM 826170102 139 14700 SH SOLE 14700
SIMON PPTY GROUP INC NEW COM 828806109 222 5700 SH SOLE 5700
SLM CORP COM 78442P106 533 13600 SH SOLE 13600
SOLECTRON CORP COM 834182107 93 24800 SH SOLE 24800
SOUTHERN CO COM 842587107 675 21650 SH SOLE 21650
SOUTHTRUST CORP COM 844730101 275 10200 SH SOLE 10200
SOUTHWEST AIRLS CO COM 844741108 400 23275 SH SOLE 23275
SPRINT CORP COM FON 852061100 390 27066 SH SOLE 27066
GROUP
SPRINT CORP PCS COM 852061506 177 30808 SH SOLE 30808
SER 1
ST JUDE MED INC COM 790849103 305 5312 SH SOLE 5312
ST PAUL COS INC COM 792860108 247 6772 SH SOLE 6772
STANDARD MICROSYSTEMS CORP COM 853626109 23,554 1542506 SH SOLE 1542506
STAPLES INC COM 855030102 269 14650 SH SOLE 14650
STARBUCKS CORP COM 855244109 285 11600 SH SOLE 11600
STATE STR CORP COM 857477103 394 10000 SH SOLE 10000
STRYKER CORP COM 863667101 409 5900 SH SOLE 5900
SUN MICROSYSTEMS INC COM 866810104 452 97114 SH SOLE 97114
SUNGARD DATA SYS INC COM 867363103 219 8450 SH SOLE 8450
SUNTRUST BKS INC COM 867914103 504 8500 SH SOLE 8500
SYSCO CORP COM 871829107 589 19600 SH SOLE 19600
TARGET CORP COM 87612E106 1,031 27250 SH SOLE 27250
TELLABS INC COM 879664100 81 12400 SH SOLE 12400
TENET HEALTHCARE CORP COM 88033G100 163 13974 SH SOLE 13974
TEXAS INSTRS INC COM 882508104 915 52000 SH SOLE 52000
TJX COS INC NEW COM 872540109 288 15300 SH SOLE 15300
TRANSOCEAN INC ORD G90078109 211 9604 SH SOLE 9604
TRAVELERS PPTY CAS CORP NEW CL B 89420G406 477 30222 SH SOLE 30222
TRIBUNE CO NEW COM 896047107 450 9326 SH SOLE 9326
TXU CORP COM 873168108 219 9702 SH SOLE 9702
TYCO INTL LTD NEW COM 902124106 1,137 59880 SH SOLE 59880
UNION PAC CORP COM 907818108 441 7600 SH SOLE 7600
UNITED PARCEL SERVICE INC CL B 911312106 2,150 33750 SH SOLE 33750
UNITED TECHNOLOGIES CORP COM 913017109 999 14100 SH SOLE 14100
UNITEDHEALTH GROUP INC COM 91324P102 897 17852 SH SOLE 17852
UNIVISION COMMUNICATIONS INC CL A 914906102 210 6900 SH SOLE 6900
UNOCAL CORP COM 915289102 222 7750 SH SOLE 7750
US BANCORP DEL COM NEW 902973304 1,410 57547 SH SOLE 57547
VERITAS SOFTWARE CO COM 923436109 361 12515 SH SOLE 12515
VERIZON COMMUNICATIONS COM 92343V104 3,262 82698 SH SOLE 82698
VIACOM INC CL B 925524308 2,306 52827 SH SOLE 52827
WACHOVIA CORP 2ND NEW COM 929903102 1,614 40391 SH SOLE 40391
WAL MART STORES INC COM 931142103 7,066 131652 SH SOLE 131652
WALGREEN CO COM 931422109 926 30750 SH SOLE 30750
WASHINGTON MUT INC COM 939322103 1,155 27973 SH SOLE 27973
WASTE MGMT INC DEL COM 94106L109 430 17863 SH SOLE 17863
WELLPOINT HEALTH NETWORK NEW COM 94973H108 379 4500 SH SOLE 4500
WELLS FARGO & CO NEW COM 949746101 2,539 50374 SH SOLE 50374
WEYERHAEUSER CO COM 962166104 357 6617 SH SOLE 6617
WILLIAMS COS INC DEL COM 969457100 122 15500 SH SOLE 15500
WRIGLEY WM JR CO COM 982526105 382 6800 SH SOLE 6800
WYETH COM 983024100 1,814 39826 SH SOLE 39826
XCEL ENERGY INC COM 98389B100 180 11935 SH SOLE 11935
XEROX CORP COM 984121103 249 23500 SH SOLE 23500
XILINX INC COM 983919101 256 10100 SH SOLE 10100
XL CAP LTD CL A G98255105 340 4100 SH SOLE 4100
YAHOO INC COM 984332106 594 18150 SH SOLE 18150
YUM BRANDS INC COM 988498101 263 8884 SH SOLE 8884
ZIMMER HLDGS INC COM 98956P102 265 5889 SH SOLE 5889
REPORT GRAND TOTAL 300,538