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, 2002
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, February 13, 2002
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: 315
Form 13F Information Table Value Total: $ 845,233
List of Other Included Managers:
No. 13F Filing Number Name
01 28-29 ST. PAUL FIRE AND MARINE INSURANCE COMPANY
FORM 13F INFORMATION TABLE
TITLE VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AFLAC INC COMM 001055102 94 3,130 SH SOLE 3,130
AGCO CORP COMM 001084102 2,159 97,700 SH SOLE 97,700
AMLI RESIDENTIAL PROPERTY TRU COMM 001735109 745 35,000 SH SHARED 35,000
AOL TIME WARNER INC COMM 00184A105 697 53,220 SH SOLE 53,220
AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957505 2,193 84,000 SH SHARED 84,000
AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957505 3,547 135,854 SH SOLE 135,854
ABBOTT LABORATORIES COMM 002824100 380 9,510 SH SOLE 9,510
AEGON NV COMM 007924103 93 7,230 SH SOLE 7,230
ALBERTO-CULVER CO. COMM 013068101 2,419 48,000 SH SHARED 48,000
ALBERTO-CULVER CO. COMM 013068101 6,401 127,010 SH SOLE 127,010
ALCOA INC COMM 013817101 120 5,280 SH SOLE 5,280
ALLSTATE CORP. COMM 020002101 157 4,240 SH SOLE 4,240
AMERICAN EXPRESS COMPANY COMM 025816109 2,863 81,000 SH SHARED 81,000
AMERICAN EXPRESS COMPANY COMM 025816109 5,025 142,140 SH SOLE 142,140
AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 4,066 70,290 SH SHARED 70,290
AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 7,042 121,737 SH SOLE 121,737
AMERICAN POWER CONVERSION COMM 029066107 1,364 90,000 SH SHARED 90,000
AMERICAN POWER CONVERSION COMM 029066107 2,295 151,500 SH SOLE 151,500
AMGEN INC. COMM 031162100 3,514 72,700 SH SHARED 72,700
AMGEN INC. COMM 031162100 5,614 116,140 SH SOLE 116,140
AMSOUTH BANCORPORATION COMM 032165102 140 7,300 SH SOLE 7,300
ANALOG DEVICES, INC. COMM 032654105 1,575 66,000 SH SHARED 66,000
ANALOG DEVICES, INC. COMM 032654105 2,334 97,800 SH SOLE 97,800
ANHEUSER BUSCH COS. INC. COMM 035229103 2,323 48,000 SH SHARED 48,000
ANHEUSER BUSCH COS. INC. COMM 035229103 4,124 85,210 SH SOLE 85,210
ANTHEM, INC. COMM 03674B104 182 2,900 SH SOLE 2,900
APACHE CORP COMM 037411105 3,248 57,000 SH SHARED 57,000
APACHE CORP COMM 037411105 4,371 76,700 SH SOLE 76,700
APPLIED MATERIALS, INC. COMM 038222105 142 10,870 SH SOLE 10,870
ARCHSTONE-SMITH TRUST COMM 039583109 2,283 97,000 SH SHARED 97,000
AUTOLIV INC COMM 052800109 97 4,650 SH SOLE 4,650
AVALONBAY COMMUNITIES INC COMM 053484101 1,957 50,000 SH SHARED 50,000
BB&T CORP COMM 054937107 108 2,910 SH SOLE 2,910
BP AMOCO PLC (ADR) COMM 055622104 2,423 59,596 SH SHARED 59,596
BP AMOCO PLC (ADR) COMM 055622104 1,408 34,632 SH SOLE 34,632
BALL CORP. COMM 058498106 2,560 50,000 SH SHARED 50,000
BALL CORP. COMM 058498106 4,095 80,000 SH SOLE 80,000
BANK OF AMERICA CORP COMM 060505104 5,044 72,500 SH SHARED 72,500
BANK OF AMERICA CORP COMM 060505104 8,332 119,760 SH SOLE 119,760
BANK OF NEW YORK CO., INC. COMM 064057102 108 4,510 SH SOLE 4,510
BANK ONE CORP. COMM 06423A103 265 7,240 SH SOLE 7,240
BAXTER INTERNATIONAL INC. COMM 071813109 111 3,980 SH SOLE 3,980
BEAR STEARNS COMPANIES, INC. COMM 073902108 144 2,420 SH SOLE 2,420
BERKSHIRE HATHAWAY A COMM 084670108 2,401 33 SH SHARED 33
BERKSHIRE HATHAWAY A COMM 084670108 4,074 53 SH SOLE 53
BEST BUY CO INC COMM 086516101 106 4,400 SH SOLE 4,400
BLACK & DECKER CORP. COMM 091797100 38 890 SH SOLE 890
BLOCK H & R COMM 093671105 201 5,010 SH SOLE 5,010
BOEING COMPANY COMM 097023105 168 5,080 SH SOLE 5,080
BORG WARNER INC. COMM 099724106 78 1,540 SH SOLE 1,540
BOSTON SCIENTIFIC CORP. COMM 101137107 3,529 83,000 SH SHARED 83,000
BOSTON SCIENTIFIC CORP. COMM 101137107 5,570 131,000 SH SOLE 131,000
BROWN-FORMAN COMM 115637209 523 8,000 SH SOLE 8,000
CIGNA CORP. COMM 125509109 140 3,410 SH SOLE 3,410
CSX CORP COMM 126408103 128 4,530 SH SOLE 4,530
CAP ONE FIN COMM 14040H105 89 2,980 SH SOLE 2,980
CARDINAL HEALTH INC. COMM 14149Y108 162 2,740 SH SOLE 2,740
CARNIVAL CRUISE LINES INC. COMM 143658102 467 18,720 SH SOLE 18,720
CELESTICA COMM 15101Q108 1,871 132,700 SH SHARED 132,700
CELESTICA COMM 15101Q108 2,214 157,000 SH SOLE 157,000
CENDANT CORP COMM 151313103 71 6,790 SH SOLE 6,790
CENTEX CORP. COMM 152312104 64 1,280 SH SOLE 1,280
CERIDIAN CORP NEW COMM 156779100 63 4,390 SH SOLE 4,390
CHEVRONTEXACO CORP COMM 166764100 3,656 55,000 SH SOLE 55,000
CIRCUIT CITY STORES, INC. COMM 172737108 119 16,100 SH SOLE 16,100
CISCO SYSTEMS INC. COMM 17275R102 2,205 168,300 SH SHARED 168,300
CISCO SYSTEMS INC. COMM 17275R102 4,004 305,660 SH SOLE 305,660
CITIGROUP INC COMM 172967101 4,977 141,424 SH SHARED 141,424
CITIGROUP INC COMM 172967101 8,436 239,725 SH SOLE 239,725
CLEAR CHANNEL COMM 184502102 2,860 76,700 SH SHARED 76,700
CLEAR CHANNEL COMM 184502102 4,440 119,060 SH SOLE 119,060
COCA COLA CO COMM 191216100 1,062 24,225 SH SHARED 24,225
COCA COLA CO COMM 191216100 2,392 54,555 SH SOLE 54,555
COLGATE POLMOLIVE CO COMM 194162103 174 3,320 SH SOLE 3,320
COMCAST CORPORATION (A) COMM 20030N101 2,135 90,580 SH SHARED 90,580
COMCAST CORPORATION (A) COMM 20030N101 3,461 146,818 SH SOLE 146,818
COMERICA INC COMM 200340107 76 1,750 SH SOLE 1,750
COMPUTER ASSOCIATES INTL, INC. COMM 204912109 100 7,400 SH SOLE 7,400
CONOCOPHILLIPS COMM 20825C104 458 9,460 SH SOLE 9,460
CONSTELLATION BRANDS INC COMM 21036P108 109 4,600 SH SOLE 4,600
COSTCO WHOLESALE CORP COMM 22160K105 77 2,760 SH SOLE 2,760
COUSINS PROPERTIES INC COMM 222795106 1,062 43,000 SH SHARED 43,000
DR HORTON INC. COMM 23331A109 213 12,260 SH SOLE 12,260
DANAHER CORP COMM 235851102 2,405 36,600 SH SHARED 36,600
DANAHER CORP COMM 235851102 4,087 62,200 SH SOLE 62,200
DEERE AND CO COMM 244199105 133 2,900 SH SOLE 2,900
DELL COMPUTER CORP COMM 247025109 4,222 157,900 SH SHARED 157,900
DELL COMPUTER CORP COMM 247025109 7,253 271,260 SH SOLE 271,260
DELUXE CORP. COMM 248019101 289 6,860 SH SOLE 6,860
DISNEY, WALT CO. COMM 254687106 2,169 133,000 SH SHARED 133,000
DISNEY, WALT CO. COMM 254687106 3,600 220,700 SH SOLE 220,700
DOLLAR GENERAL CORP. COMM 256669102 79 6,640 SH SOLE 6,640
DU PONT E I DE NEMOURS AND CO. COMM 263534109 262 6,180 SH SOLE 6,180
EBIX.COM INC COMM 278715107 4 1,598 SH SHARED 1,598
ECOLAB INC COMM 278865100 2,143 43,300 SH SHARED 43,300
ECOLAB INC COMM 278865100 3,361 67,901 SH SOLE 67,901
EMERSON ELECTRIC COMPANY COMM 291011104 128 2,510 SH SOLE 2,510
EQUITY OFFICE PROPERTIES TRUST COMM 294741103 1,274 51,000 SH SHARED 51,000
EQUITY RESIDENTIAL PROPERTIES
TRUST COMM 29476L107 2,605 106,000 SH SHARED 106,000
EXXON MOBIL CORP COMM 30231G102 6,919 198,036 SH SHARED 198,036
EXXON MOBIL CORP COMM 30231G102 11,741 336,030 SH SOLE 336,030
FAMILY DOLLAR COMM 307000109 90 2,880 SH SOLE 2,880
FED HOME LOAN MTG CO. COMM 313400301 2,882 48,800 SH SHARED 48,800
FED HOME LOAN MTG CO. COMM 313400301 4,244 71,870 SH SOLE 71,870
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 3,352 52,100 SH SHARED 52,100
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 6 101 SH SHARED 101
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 5,540 86,120 SH SOLE 86,120
FEDERATED DEPT. STORES, INC. COMM 31410H101 83 2,900 SH SOLE 2,900
FIFTH THIRD BANCORP. COMM 316773100 215 3,680 SH SOLE 3,680
FIRST DATA CORPORATION COMM 319963104 167 4,710 SH SOLE 4,710
FLEETBOSTON FINANCIAL COMM 339030108 158 6,520 SH SOLE 6,520
FOX ENTERTAINMENT GROUP COMM 35138T107 272 10,500 SH SOLE 10,500
GABLES RESIDENTIAL TRUST COMM 362418105 1,573 63,100 SH SHARED 63,100
GANNETT CO. COMM 364730101 402 5,600 SH SOLE 5,600
GENENTECH COMM 368710406 2,285 68,900 SH SHARED 68,900
GENENTECH COMM 368710406 3,412 102,880 SH SOLE 102,880
GENL DYNAMICS COMM 369550108 102 1,280 SH SOLE 1,280
GENERAL ELECTRIC CO. COMM 369604103 6,635 272,500 SH SHARED 272,500
GENERAL ELECTRIC CO. COMM 369604103 12,540 514,994 SH SOLE 514,994
GENERAL GROWTH PROPERTIES, INC. COMM 370021107 52 1,000 SH SOLE 1,000
GENERAL MOTORS COMM 370442105 132 3,570 SH SOLE 3,570
GILLETTE CO. COMM 375766102 193 6,350 SH SOLE 6,350
GOLDMAN SACHS GROUP COMM 38141G104 196 2,880 SH SOLE 2,880
GRAINGER, W. W. INC. COMM 384802104 86 1,660 SH SOLE 1,660
GREENPOINT FINL COMM 395384100 76 1,690 SH SOLE 1,690
HCA INC COM COMM 404119109 1,834 44,200 SH SHARED 44,200
HCA INC COM COMM 404119109 2,923 70,430 SH SOLE 70,430
JOHN HANCOCK FINANCIAL COMM 41014S106 236 8,460 SH SOLE 8,460
HARLEY-DAVIDSON COMM 412822108 1,495 32,350 SH SHARED 32,350
HARLEY-DAVIDSON COMM 412822108 4,574 99,000 SH SOLE 99,000
HARSCO CORP COMM 415864107 131 4,110 SH SOLE 4,110
HARTFORD FINANCIAL SERVICES
GROUP COMM 416515104 128 2,820 SH SOLE 2,820
HELMERICH & PAYNE COMM 423452101 171 6,120 SH SOLE 6,120
HERSHEY FOODS CORP COMM 427866108 2,293 34,000 SH SHARED 34,000
HERSHEY FOODS CORP COMM 427866108 3,898 57,800 SH SOLE 57,800
HEWLETT-PACKARD COMM 428236103 1,649 95,000 SH SHARED 95,000
HEWLETT-PACKARD COMM 428236103 329 18,950 SH SOLE 18,950
HIGHWOODS PROPERTIES INC COMM 431284108 45 2,030 SH SOLE 2,030
HILLENBRAND COMM 431573104 145 3,000 SH SOLE 3,000
HOME DEPOT, INC. COMM 437076102 3,399 141,500 SH SHARED 141,500
HOME DEPOT, INC. COMM 437076102 6,193 257,834 SH SOLE 257,834
HONEYWELL INTERNATIONAL COMM 438516106 111 4,630 SH SOLE 4,630
HOTELS.COM (A) COMM 44147T108 38 700 SH SOLE 700
ICO INC PFD PREF 449293307 272 20,000 SH SHARED 20,000
IDEC PHARMACEUTICALS CORP. COMM 449370105 105 3,170 SH SOLE 3,170
IMS HEALTH INC COMM 449934108 114 7,130 SH SOLE 7,130
ILLINOIS TOOL WORKS INC COMM 452308109 121 1,860 SH SOLE 1,860
INDEPENDENCE COMNTY BANK
CORP COMM 453414104 46 1,800 SH SOLE 1,800
INTEGRATED CIRCUIT SYSTEMS
INC COMM 45811K208 38 2,060 SH SOLE 2,060
INTEL CORP COMM 458140100 3,535 227,060 SH SHARED 227,060
INTEL CORP COMM 458140100 5,380 345,530 SH SOLE 345,530
INTERNATIONAL BUSINESS
MACHINES CORP CAP COMM 459200101 3,697 47,700 SH SHARED 47,700
INTERNATIONAL BUSINESS
MACHINES CORP CAP COMM 459200101 6,993 90,230 SH SOLE 90,230
INTL F & F COMM 459506101 70 2,000 SH SOLE 2,000
INTERNET SECURITY SYSTEMS INC COMM 46060X107 37 2,000 SH SOLE 2,000
IRON MTN INC PA COMM 462846106 48 1,450 SH SOLE 1,450
JP MORGAN CHASE & CO COMM 46625H100 296 12,320 SH SOLE 12,320
JABIL CIRCUIT INC COMM 466313103 63 3,540 SH SOLE 3,540
JOHNSON & JOHNSON COMM 478160104 6,601 122,900 SH SHARED 122,900
JOHNSON & JOHNSON COMM 478160104 11,321 210,782 SH SOLE 210,782
JOHNSON CONTROL COMM 478366107 248 3,090 SH SOLE 3,090
KLA-TENCOR CORP COMM 482480100 114 3,220 SH SOLE 3,220
KT CORP - ADR COMM 48268K101 1,078 50,000 SH SHARED 50,000
KT CORP - ADR COMM 48268K101 539 25,000 SH SOLE 25,000
KIMBERLY-CLARK CORP. COMM 494368103 149 3,130 SH SOLE 3,130
KOHL'S CORP. COMM 500255104 2,350 42,000 SH SHARED 42,000
KOHL'S CORP. COMM 500255104 4,032 72,060 SH SOLE 72,060
LAFARGE CORP COMM 505862102 57 1,720 SH SOLE 1,720
LEHMAN BROS COMM 524908100 79 1,490 SH SOLE 1,490
LEXMARK INTL COMM 529771107 2,178 36,000 SH SHARED 36,000
LEXMARK INTL COMM 529771107 3,255 53,800 SH SOLE 53,800
LIBERTY MEDIA CORP CL A COMM 530718105 2,510 280,800 SH SHARED 280,800
LIBERTY MEDIA CORP CL A COMM 530718105 3,301 369,200 SH SOLE 369,200
LILLY, ELI & CO. COMM 532457108 361 5,690 SH SOLE 5,690
LINEAR TECHNOLOGY CORP COMM 535678106 239 9,300 SH SOLE 9,300
LOCKHEED MARTIN CORP. COMM 539830109 1,906 33,000 SH SHARED 33,000
LOCKHEED MARTIN CORP. COMM 539830109 3,000 51,950 SH SOLE 51,950
LOWE'S COMPANIES INC. COMM 548661107 182 4,840 SH SOLE 4,840
MBNA CORP. COMM 55262L100 2,565 134,875 SH SHARED 134,875
MBNA CORP. COMM 55262L100 5,582 293,473 SH SOLE 293,473
MARSH & MCLENNAN COS INC COMM 571748102 155 3,360 SH SOLE 3,360
MATTEL, INC. COMM 577081102 2,796 146,000 SH SHARED 146,000
MATTEL, INC. COMM 577081102 4,376 228,500 SH SOLE 228,500
MAXIM INTEGRATED PRODOCTS COMM 57772K101 252 7,630 SH SOLE 7,630
MAY DEPARTMENT STORES CO. COMM 577778103 45 1,950 SH SOLE 1,950
MCDONALD'S CORP COMM 580135101 123 7,630 SH SOLE 7,630
MCKESSON HBOC INC COMM 58155Q103 118 4,370 SH SOLE 4,370
MEDIA GENERAL INC. CL A COMM 584404107 155 2,580 SH SOLE 2,580
MEDTRONIC INC COMM 585055106 3,525 77,300 SH SHARED 77,300
MEDTRONIC INC COMM 585055106 5,531 121,304 SH SOLE 121,304
MERCK AND CO INC COMM 589331107 4,925 87,000 SH SHARED 87,000
MERCK AND CO INC COMM 589331107 7,938 140,230 SH SOLE 140,230
MEREDITH CORP COMM 589433101 169 4,100 SH SOLE 4,100
MERRILL LYNCH & CO. COMM 590188108 2,159 56,900 SH SHARED 56,900
MERRILL LYNCH & CO. COMM 590188108 3,416 90,000 SH SOLE 90,000
METLIFE INC COMM 59156R108 1,217 45,000 SH SHARED 45,000
METLIFE INC COMM 59156R108 2,297 84,960 SH SOLE 84,960
MICHAEL'S STORES, INC. COMM 594087108 300 9,600 SH SOLE 9,600
MICROSOFT CORP. COMM 594918104 10,323 199,680 SH SHARED 199,680
MICROSOFT CORP. COMM 594918104 17,066 330,092 SH SOLE 330,092
MORGAN STANLEY COMM 617446448 3,780 94,700 SH SHARED 94,700
MORGAN STANLEY COMM 617446448 5,875 147,180 SH SOLE 147,180
NATIONAL CITY CORP COMM 635405103 103 3,760 SH SOLE 3,760
NEWELL RUBBERMAID COMM 651229106 2,275 75,000 SH SHARED 75,000
NEWELL RUBBERMAID COMM 651229106 3,640 120,000 SH SOLE 120,000
NEXTEL COMMS - A COMM 65332V103 2,333 202,000 SH SHARED 202,000
NEXTEL COMMS - A COMM 65332V103 3,869 335,000 SH SOLE 335,000
NIPPON TELEGRAPH & TELE ADR COMM 654624105 153 8,660 SH SOLE 8,660
NOKIA CORP. ADR COMM 654902204 2,403 155,000 SH SHARED 155,000
NOKIA CORP. ADR COMM 654902204 977 63,000 SH SOLE 63,000
NORFOLK SOUTHERN CORP. COMM 655844108 196 9,780 SH SOLE 9,780
NORTHROP GRUMMAN CORP COMM 666807102 65 670 SH SOLE 670
NOVELLUS SYSTEMS INC COMM 670008101 194 6,900 SH SOLE 6,900
NUCOR CORP. COMM 670346105 135 3,270 SH SOLE 3,270
OCCIDENTAL PETROLEUM CORP COMM 674599105 117 4,130 SH SOLE 4,130
ORACLE CORPORATION COMM 68389X105 164 15,220 SH SOLE 15,220
OVERTURE SERVICES COMM 69039R100 117 4,280 SH SOLE 4,280
PENTAIR COMM 709631105 195 5,640 SH SOLE 5,640
PEPSICO INC COMM 713448108 3,593 85,100 SH SHARED 85,100
PEPSICO INC COMM 713448108 7,134 168,971 SH SOLE 168,971
(R) PETROCORP INC. COMM 71645N101 8,871 1,731,000 SH SHARED 1,731,000
PFIZER INC COMM 717081103 4,599 150,450 SH SHARED 150,450
PFIZER INC COMM 717081103 9,750 318,940 SH SOLE 318,940
PHARMACIA CORP. COMM 71713U102 2,608 62,400 SH SHARED 62,400
PHARMACIA CORP. COMM 71713U102 4,198 100,440 SH SOLE 100,440
PIONEER NATURAL RESOURCES COMM 723787107 97 3,830 SH SOLE 3,830
PITNEY BOWES INC COMM 724479100 427 13,080 SH SOLE 13,080
POPULAR INC COMM 733174106 175 5,170 SH SOLE 5,170
POST PROPERTIES INC COMM 737464107 2,204 92,200 SH SHARED 92,200
PRAXAIR INC. COMM 74005P104 157 2,710 SH SOLE 2,710
PROCTER AND GAMBLE COMM 742718109 3,867 45,000 SH SHARED 45,000
PROCTER AND GAMBLE COMM 742718109 6,568 76,430 SH SOLE 76,430
PROLOGIS TRUST COMM 743410102 1,861 74,000 SH SHARED 74,000
PROTECTIVE LIFE COMM 743674103 73 2,660 SH SOLE 2,660
PRUDENTIAL FINANCIAL INC COMM 744320102 1,254 39,500 SH SHARED 39,500
PRUDENTIAL FINANCIAL INC COMM 744320102 2,161 68,080 SH SOLE 68,080
PUBLIC STORAGE INC COMM 74460D109 49 1,510 SH SOLE 1,510
QUALCOMM INC COMM 747525103 1,419 39,000 SH SHARED 39,000
QUALCOMM INC COMM 747525103 2,198 60,400 SH SOLE 60,400
RAYTHEON CO. COMM 755111507 72 2,350 SH SOLE 2,350
RECKSON ASSOCIATES REALTY
CORP COMM 75621K106 1,608 76,400 SH SHARED 76,400
REYNOLDS & REYNOLDS CO. COMM 761695105 76 3,000 SH SOLE 3,000
ROYAL DUTCH PETROLEUM CO. COMM 780257804 335 7,610 SH SOLE 7,610
SBC COMMUNICATIONS INC. COMM 78387G103 187 6,880 SH SOLE 6,880
SCHERING PLOUGH CORP COMM 806605101 198 8,930 SH SOLE 8,930
SCHLUMBERGER LTD COMM 806857108 155 3,680 SH SOLE 3,680
EW SCRIPPS CO COMM 811054204 353 4,590 SH SOLE 4,590
SELECT COMFORT COMMON STOCK COMM 81616X103 29,854 4,886,022 SH SHARED 4,886,022
SHURGARD STORAGE CENTERS INC COMM 82567D104 2,520 80,400 SH SHARED 80,400
SIEBEL SYSTEMS COMM 826170102 740 100,000 SH SHARED 100,000
SIEBEL SYSTEMS COMM 826170102 1,073 145,000 SH SOLE 145,000
SIGMA-ALDRICH COMM 826552101 2,289 47,000 SH SHARED 47,000
SIGMA-ALDRICH COMM 826552101 3,628 74,500 SH SOLE 74,500
JM SMUCKER CO/THE COMM 832696405 91 2,280 SH SOLE 2,280
SMURFIT STONE COMM 832727101 2,524 164,000 SH SHARED 164,000
SMURFIT STONE COMM 832727101 4,279 278,000 SH SOLE 278,000
SOUTHERN COMPANY COMM 842587107 2,484 87,500 SH SHARED 87,500
SOUTHERN COMPANY COMM 842587107 4,097 144,310 SH SOLE 144,310
STAPLES INC COMM 855030102 151 8,260 SH SOLE 8,260
STARWOOD HOTELS & RESORTS
TRUST COMM 85590A203 198 8,360 SH SOLE 8,360
SUMMIT PROPERTIES INC COMM 866239106 1,177 66,100 SH SHARED 66,100
SUNTRUST BANKS INC COMM 867914103 100 1,760 SH SOLE 1,760
SYSCO CORP COMM 871829107 118 3,960 SH SOLE 3,960
TEPPCO PARTNERS COMM 872384102 197 7,090 SH SOLE 7,090
TAIWAN SEMICONDUCTOR
LTD (ADR) COMM 874039100 529 75,000 SH SHARED 75,000
TAIWAN SEMICONDUCTOR
LTD (ADR) COMM 874039100 368 52,150 SH SOLE 52,150
TARGET CORP COMM 87612E106 1,143 38,100 SH SHARED 38,100
TARGET CORP COMM 87612E106 2,087 69,570 SH SOLE 69,570
TEMPLE-INLAND INC COMM 879868107 119 2,660 SH SOLE 2,660
TENET HEALTHCARE CORP COMM 88033G100 47 2,870 SH SOLE 2,870
TEXAS INSTRUMENT COMM 882508104 1,621 108,000 SH SHARED 108,000
TEXAS INSTRUMENT COMM 882508104 2,688 179,050 SH SOLE 179,050
3M COMPANY COMM 88579Y101 4,081 33,100 SH SHARED 33,100
3M COMPANY COMM 88579Y101 6,582 53,380 SH SOLE 53,380
TRAVELERS PROPERTY
CASUALTY (B) COMM 89420G406 88 6,010 SH SOLE 6,010
TRIZEC PROPERTIES INC COMM 89687P107 969 103,200 SH SHARED 103,200
TYCO INTERNATIONAL LTD. COMM 902124106 541 31,700 SH SOLE 31,700
TYSON FOODS A COMM 902494103 108 9,600 SH SOLE 9,600
UST INC. COMM 902911106 135 4,040 SH SOLE 4,040
US BANCORP - NEW COMM 902973304 255 12,010 SH SOLE 12,010
UNION PACIFIC CORP. COMM 907818108 286 4,780 SH SOLE 4,780
UNITED PARCEL SERVICE COMM 911312106 426 6,760 SH SOLE 6,760
UNITED TECHNOLOGIES CORP. COMM 913017109 2,682 43,300 SH SHARED 43,300
UNITED TECHNOLOGIES CORP. COMM 913017109 4,211 67,980 SH SOLE 67,980
UNITEDHEALTHCARE GROUP COMM 91324P102 2,756 33,000 SH SHARED 33,000
UNITEDHEALTHCARE GROUP COMM 91324P102 4,269 51,120 SH SOLE 51,120
VALERO ENERGY CORP. COMM 91913Y100 2,364 64,000 SH SHARED 64,000
VALERO ENERGY CORP. COMM 91913Y100 3,985 107,890 SH SOLE 107,890
VERIZON COMMUNICATIONS COMM 92343V104 1,860 48,000 SH SHARED 48,000
VERIZON COMMUNICATIONS COMM 92343V104 3,105 80,120 SH SOLE 80,120
VIACOM INC. CL B COMM 925524308 4,484 110,000 SH SHARED 110,000
VIACOM INC. CL B COMM 925524308 7,110 174,440 SH SOLE 174,440
VORNADO REALTY TRUST COMM 929042109 1,228 33,000 SH SHARED 33,000
WACHOVIA CORP - NEW COMM 929903102 307 8,420 SH SOLE 8,420
WAL-MART STORES INC COMM 931142103 8,132 161,000 SH SHARED 161,000
WAL-MART STORES INC COMM 931142103 14,197 281,078 SH SOLE 281,078
WALGREEN CO. COMM 931422109 1,904 65,230 SH SOLE 65,230
WASHINGTON MUTUAL INC COMM 939322103 2,704 78,300 SH SHARED 78,300
WASHINGTON MUTUAL INC COMM 939322103 3,713 107,540 SH SOLE 107,540
WASHINGTON POST COMM 939640108 332 450 SH SOLE 450
WASTE MANAGEMENT INC. COMM 94106L109 85 3,700 SH SOLE 3,700
WEIGHT WATCHERS INTL INC COMM 948626106 2,207 48,000 SH SHARED 48,000
WEIGHT WATCHERS INTL INC COMM 948626106 3,494 76,000 SH SOLE 76,000
WELLCHOICE INC. COMM 949475107 120 5,000 SH SOLE 5,000
WELLS FARGO & CO COMM 949746101 4,453 95,000 SH SHARED 95,000
WELLS FARGO & CO COMM 949746101 7,186 153,310 SH SOLE 153,310
WENDY'S INTERNATIONAL INC COMM 950590109 171 6,330 SH SOLE 6,330
WM WRIGLEY JR. CO. COMM 982526105 228 4,150 SH SOLE 4,150
WYETH CORP COMM 983024100 200 5,340 SH SOLE 5,340
YAHOO! COMM 984332106 223 13,640 SH SOLE 13,640
ZIONS BANCORP COMM 989701107 115 2,920 SH SOLE 2,920
ACCENTURE LTD BERMUDA CL A COMM G1150G111 206 11,450 SH SOLE 11,450
BUNGE LTD COMM G16962105 120 5,000 SH SOLE 5,000
FRESH DEL MONTE PRODUCE COMM G36738105 111 5,860 SH SOLE 5,860
PLATINUM UNDERWRITERS
HOLDING COMM G7127P100 158,100 6,000,000 SH SHARED 6,000,000