UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2003
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Check Here if Amendment / /; Amendment Number:
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This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The St. Paul Companies, Inc.
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Address: 385 Washington Street
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St. Paul, MN 55102-1596
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Form 13F File Number: 28-62
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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
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Title: Corporate Secretary
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Phone: (651) 310-7916
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Signature, Place, and Date of Signing:
/s/ Bruce Backberg St. Paul, MN November 12, 2003
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[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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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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
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Form 13F Information Table Entry Total: 356
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Form 13F Information Table Value Total: 881,796
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(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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
ST. PAUL FIRE & MARINE INSURANCE
01 28-29 COMPANY
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[Repeat as necessary.]
FORM 13F INFORMATION TABLE
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY
OF CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957505 3,023 140,300 SH SHARED 140,300
AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957505 5,349 248,200 SH SOLE 248,200
AT&T WIRELESS COMM 00209A106 2,701 330,200 SH SHARED 330,200
AT&T WIRELESS COMM 00209A106 5,628 688,000 SH SOLE 688,000
ABBOTT LABORATORIES COMM 002824100 2,515 59,100 SH SHARED 59,100
ABBOTT LABORATORIES COMM 002824100 5,306 124,700 SH SOLE 124,700
ADOBE SYSTEMS INC. COMM 00724F101 150 3,800 SH SOLE 3,800
ADTRAN INC COMM 00738A106 67 1,100 SH SOLE 1,100
AETNA LIFE & CASUALTY COMM 00817Y108 2,350 38,500 SH SHARED 38,500
AETNA LIFE & CASUALTY COMM 00817Y108 3,662 60,000 SH SOLE 60,000
ALCAN ALUM LTD COMM 013716105 1,913 50,000 SH SHARED 50,000
ALCAN ALUM LTD COMM 013716105 2,120 55,400 SH SOLE 55,400
ALLIANT TECHSYSTEMS INC COMM 018804104 423 8,810 SH SOLE 8,810
ALLIED WASTE COMM 019589308 141 13,020 SH SOLE 13,020
ALLSTATE CORP COMM 020002101 156 4,280 SH SOLE 4,280
ALTRIA GROUP COMM 02209S103 172 3,920 SH SOLE 3,920
AMBAC FINL INC COMM 023139108 2,541 39,700 SH SHARED 39,700
AMBAC FINL INC COMM 023139108 4,794 74,900 SH SOLE 74,900
AMERICAN EXPRESS COMPANY COMM 025816109 2,825 62,700 SH SHARED 62,700
AMERICAN EXPRESS COMPANY COMM 025816109 5,809 128,910 SH SOLE 128,910
AMERICAN INTERNATIONAL GROUP INC COMM 026874107 1,800 31,190 SH SHARED 31,190
AMERICAN INTERNATIONAL GROUP INC COMM 026874107 5,362 92,937 SH SOLE 92,937
AMGEN INC COMM 031162100 2,768 42,900 SH SHARED 42,900
AMGEN INC COMM 031162100 7,512 116,430 SH SOLE 116,430
ANADARKO PETROLEUM CO COMM 032511107 413 9,880 SH SOLE 9,880
ANALOG DEVICES, INC. COMM 032654105 57 1,510 SH SOLE 1,510
ANHEUSER BUSCH COS. INC. COMM 035229103 128 2,590 SH SOLE 2,590
ANNALY MORTGAGE MANAGEMENT COMM 035710409 112 6,840 SH SOLE 6,840
ANTHEM, INC. COMM 03674B104 2,168 30,400 SH SHARED 30,400
ANTHEM, INC. COMM 03674B104 4,145 58,110 SH SOLE 58,110
APACHE CORP COMM 037411105 2,919 42,100 SH SHARED 42,100
APACHE CORP COMM 037411105 5,805 83,720 SH SOLE 83,720
APPLIED MATERIALS, INC. COMM 038222105 304 16,770 SH SOLE 16,770
ARVINMERITOR INC COMM 043353101 54 3,020 SH SOLE 3,020
AUTOLIV INC COMM 052800109 119 3,930 SH SOLE 3,930
AUTOMATIC DATA PROCESSING COMM 053015103 129 3,600 SH SOLE 3,600
AUTOZONE, INC. COMM 053332102 175 1,950 SH SOLE 1,950
AVOCENT CORP COMM 053893103 63 2,090 SH SOLE 2,090
AVON PRODUCTS COMM 054303102 2,879 44,600 SH SHARED 44,600
AVON PRODUCTS COMM 054303102 3,557 55,100 SH SOLE 55,100
BISYS GROUP INC COMM 055472104 83 6,340 SH SOLE 6,340
BP AMOCO PLC (ADR) COMM 055622104 1,177 27,952 SH SOLE 27,952
BAKER HUGHES INC COMM 057224107 139 4,710 SH SOLE 4,710
BANK OF AMERICA CORP COMM 060505104 2,770 35,500 SH SHARED 35,500
BANK OF AMERICA CORP COMM 060505104 10,006 128,210 SH SOLE 128,210
BANK HAWAII CORP COMM 062540109 220 6,540 SH SOLE 6,540
BANK ONE CORP COMM 06423A103 275 7,110 SH SOLE 7,110
BARNES & NOBLE, INC. COMM 067774109 85 3,330 SH SOLE 3,330
BARR LABORATORIES INC. COMM 068306109 2,046 30,000 SH SHARED 30,000
BARR LABORATORIES INC. COMM 068306109 2,490 36,500 SH SOLE 36,500
BAXTER INTERNATIONAL INC. COMM 071813109 183 6,300 SH SOLE 6,300
BEA SYSTEMS INC COMM 073325102 241 20,050 SH SOLE 20,050
BEAR STEARNS COMPANIES INC COMM 073902108 54 720 SH SOLE 720
BECKMAN COULTER INC COMM 075811109 342 7,500 SH SOLE 7,500
BELL SOUTH CORP. COMM 079860102 265 11,190 SH SOLE 11,190
BEST BUY CO INC COMM 086516101 64 1,350 SH SOLE 1,350
BIO RAD LABS INC COMM 090572207 231 4,520 SH SOLE 4,520
BLACK & DECKER CORP COMM 091797100 109 2,680 SH SOLE 2,680
BOEING COMPANY COMM 097023105 513 14,940 SH SOLE 14,940
BORG WARNER INC COMM 099724106 169 2,490 SH SOLE 2,490
BOSTON SCIENTIFIC CORP. COMM 101137107 2,431 38,100 SH SHARED 38,100
BOSTON SCIENTIFIC CORP. COMM 101137107 4,561 71,490 SH SOLE 71,490
BRISTOL-MYERS SQUIBB CO COMM 110122108 298 11,620 SH SOLE 11,620
BROADCOM CORP COMM 111320107 3,061 114,800 SH SHARED 114,800
BROADCOM CORP COMM 111320107 4,572 171,500 SH SOLE 171,500
BURLINGTON RESOURCES INC COMM 122014103 2,169 45,000 SH SHARED 45,000
BURLINGTON RESOURCES INC COMM 122014103 2,508 52,030 SH SOLE 52,030
CNF INC COMM 12612W104 57 1,770 SH SOLE 1,770
CAP ONE FIN COMM 14040H105 52 920 SH SOLE 920
CARNIVAL CRUISE LINES INC COMM 143658300 246 7,480 SH SOLE 7,480
CENTERPOINT ENERGY INC COMM 15189T107 132 14,350 SH SOLE 14,350
CEPHALON INC COMM 156708109 112 2,450 SH SOLE 2,450
CHECKFREE CORP COMM 162813109 131 6,490 SH SOLE 6,490
CHEVRONTEXACO CORP COMM 166764100 3,194 44,700 SH SHARED 44,700
CHEVRONTEXACO CORP COMM 166764100 7,547 105,620 SH SOLE 105,620
CISCO SYSTEMS INC. COMM 17275R102 3,695 188,600 SH SHARED 188,600
CISCO SYSTEMS INC. COMM 17275R102 7,423 378,920 SH SOLE 378,920
CITIGROUP INC COMM 172967101 3,031 66,600 SH SHARED 66,600
CITIGROUP INC COMM 172967101 15,418 338,785 SH SOLE 338,785
CLEAR CHANNEL COMMUNICATIONS COMM 184502102 1,471 38,400 SH SHARED 38,400
CLEAR CHANNEL COMMUNICATIONS COMM 184502102 4,699 122,700 SH SOLE 122,700
COCA COLA CO COMM 191216100 2,689 62,600 SH SHARED 62,600
COCA COLA CO COMM 191216100 7,462 173,685 SH SOLE 173,685
COMCAST CORPORATION (A) COMM 20030N101 2,255 73,180 SH SHARED 73,180
COMCAST CORPORATION (A) COMM 20030N101 6,186 200,698 SH SOLE 200,698
COMPUTER ASSOCIATES INTL INC COMM 204912109 120 4,580 SH SOLE 4,580
COMPUTER SCIENCES CORP COMM 205363104 125 3,320 SH SOLE 3,320
COMPUWARE CORP. COMM 205638109 55 10,170 SH SOLE 10,170
CONCORD EFS INC COMM 206197105 100 7,300 SH SOLE 7,300
CONOCOPHILLIPS COMM 20825C104 171 3,120 SH SOLE 3,120
CONVERGYS COMM 212485106 114 6,200 SH SOLE 6,200
CUMMINS ENGINE CO., INC. COMM 231021106 128 2,890 SH SOLE 2,890
CYTEC INDS INC COMM 232820100 48 1,320 SH SOLE 1,320
DTE ENERGY CO. COMM 233331107 136 3,680 SH SOLE 3,680
DANAHER CORP COMM 235851102 2,149 29,100 SH SHARED 29,100
DANAHER CORP COMM 235851102 3,752 50,800 SH SOLE 50,800
DARDEN RESTAURANTS INC. COMM 237194105 251 13,210 SH SOLE 13,210
DELL COMPUTER CORP COMM 24702R101 2,179 65,200 SH SHARED 65,200
DELL COMPUTER CORP COMM 24702R101 8,214 245,790 SH SOLE 245,790
DELPHI AUTOMOTIVE COMM 247126105 177 19,600 SH SOLE 19,600
DELTA AIR LINES COMM 247361108 156 11,700 SH SOLE 11,700
DEVON ENERGY CORP. COMM 25179M103 56 1,170 SH SOLE 1,170
DISNEY, WALT CO. COMM 254687106 2,017 100,000 SH SHARED 100,000
DISNEY, WALT CO. COMM 254687106 4,722 234,120 SH SOLE 234,120
DOMINION RESOURCES INC. COMM 25746U109 114 1,840 SH SOLE 1,840
DOVER CORP COMM 260003108 1,991 56,300 SH SHARED 56,300
DOVER CORP COMM 260003108 3,406 96,300 SH SOLE 96,300
DU PONT E I DE NEMOURS AND CO. COMM 263534109 239 5,980 SH SOLE 5,980
EOG RESOURCES INC COMM 26875P101 113 2,700 SH SOLE 2,700
EASTMAN KODAK CO. COMM 277461109 97 4,650 SH SOLE 4,650
EBAY COMM 278642103 128 2,380 SH SOLE 2,380
EBIX.COM INC COMM 278715107 9 1,598 SH SHARED 1,598
ECHOSTAR COMMUNICATIONS CORP COMM 278762109 2,429 63,400 SH SHARED 63,400
ECHOSTAR COMMUNICATIONS CORP COMM 278762109 4,137 108,000 SH SOLE 108,000
EDWARDS LIFESCIENCES CORP COMM 28176E108 248 9,170 SH SOLE 9,170
ELECTRONIC DATA SYSTEMS COMM 285661104 369 18,250 SH SOLE 18,250
EMULEX CORP COMM 292475209 104 4,070 SH SOLE 4,070
EQUIFAX INC. COMM 294429105 78 3,510 SH SOLE 3,510
L M ERICSSON COMM 294821608 985 67,000 SH SHARED 67,000
L M ERICSSON COMM 294821608 2,201 149,700 SH SOLE 149,700
EXELON CORPORATION COMM 30161N101 2,096 33,000 SH SHARED 33,000
EXELON CORPORATION COMM 30161N101 2,451 38,600 SH SOLE 38,600
EXPRESS SCRIPTS INC COMM 302182100 90 1,470 SH SOLE 1,470
EXXON MOBIL CORP COMM 30231G102 2,289 62,536 SH SHARED 62,536
EXXON MOBIL CORP COMM 30231G102 13,105 358,070 SH SOLE 358,070
FPL GROUP COMM 302571104 70 1,100 SH SOLE 1,100
FACTSET RESEARCH, INC. COMM 303075105 56 1,270 SH SOLE 1,270
FAIR ISAAC CORP COMM 303250104 60 1,010 SH SOLE 1,010
FREDDIE MAC COMM 313400301 2,288 43,700 SH SHARED 43,700
FREDDIE MAC COMM 313400301 4,587 87,630 SH SOLE 87,630
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 7 101 SH SHARED 101
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 2,801 39,900 SH SHARED 39,900
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 6,347 90,420 SH SOLE 90,420
FEDERATED DEPT STORES INC COMM 31410H101 1,785 42,600 SH SHARED 42,600
FEDERATED DEPT STORES INC COMM 31410H101 2,091 49,900 SH SOLE 49,900
FDX CORP COMM 31428X106 349 5,420 SH SOLE 5,420
FIFTH THIRD BANCORP COMM 316773100 87 1,570 SH SOLE 1,570
FIRST DATA CORPORATION COMM 319963104 161 4,030 SH SOLE 4,030
FIRST TENNESSEE NATIONAL COMM 337162101 424 9,990 SH SOLE 9,990
FLAGSTAR BANCORP INC COMM 337930101 152 6,630 SH SOLE 6,630
FIRSTENERGY CORP COMM 337932107 295 9,250 SH SOLE 9,250
FISHER SCIENTIFIC INTL. INC. COMM 338032204 458 11,540 SH SOLE 11,540
FLEETBOSTON FINANCIAL COMM 339030108 191 6,350 SH SOLE 6,350
FORD MOTOR CO COMM 345370860 265 24,600 SH SOLE 24,600
FRANKLIN RESOURCES COMM 354613101 1,901 43,000 SH SHARED 43,000
FRANKLIN RESOURCES COMM 354613101 2,104 47,600 SH SOLE 47,600
GENERAL DYNAMICS COMM 369550108 2,139 27,400 SH SHARED 27,400
GENERAL DYNAMICS COMM 369550108 4,067 52,100 SH SOLE 52,100
GENERAL ELECTRIC CO. COMM 369604103 3,124 104,800 SH SHARED 104,800
GENERAL ELECTRIC CO. COMM 369604103 12,892 432,464 SH SOLE 432,464
GENERAL MILLS INC COMM 370334104 380 8,080 SH SOLE 8,080
GENERAL MOTORS COMM 370442105 711 17,380 SH SOLE 17,380
GETTY IMAGES INC COMM 374276103 335 9,540 SH SOLE 9,540
GILLETTE CO. COMM 375766102 147 4,590 SH SOLE 4,590
GOLDMAN SACHS GROUP COMM 38141G104 2,358 28,100 SH SHARED 28,100
GOLDMAN SACHS GROUP COMM 38141G104 5,153 61,420 SH SOLE 61,420
GREENPOINT FINANCIAL CORP COMM 395384100 450 15,070 SH SOLE 15,070
GTECH HOLDINGS CORP COMM 400518106 117 2,730 SH SOLE 2,730
GUIDANT CORP. COMM 401698105 2,844 60,700 SH SHARED 60,700
GUIDANT CORP. COMM 401698105 4,320 92,200 SH SOLE 92,200
HARLEY-DAVIDSON COMM 412822108 2,439 50,600 SH SHARED 50,600
HARLEY-DAVIDSON COMM 412822108 4,704 97,600 SH SOLE 97,600
HARTFORD FINANCIAL SERVICES GROUP COMM 416515104 85 1,610 SH SOLE 1,610
HASBRO COMM 418056107 2,378 127,300 SH SHARED 127,300
HASBRO COMM 418056107 2,927 156,700 SH SOLE 156,700
HEWLETT-PACKARD COMM 428236103 414 21,370 SH SOLE 21,370
HOME DEPOT INC COMM 437076102 2,175 68,300 SH SHARED 68,300
HOME DEPOT INC COMM 437076102 6,599 207,184 SH SOLE 207,184
HONEYWELL INTERNATIONAL COMM 438516106 56 2,120 SH SOLE 2,120
HOVNANIAN ENTRPRS INC -CL A COMM 442487203 201 3,120 SH SOLE 3,120
ICN PHARMACEUTICALS INC COMM 448924100 95 5,530 SH SOLE 5,530
ICOS CORP. COMM 449295104 125 3,270 SH SOLE 3,270
IMATION CORP COMM 45245A107 193 5,920 SH SOLE 5,920
INCO LTD. COMM 453258402 2,703 97,400 SH SHARED 97,400
INCO LTD. COMM 453258402 3,996 144,000 SH SOLE 144,000
INDYMAC BANCORP COMM 456607100 453 19,530 SH SOLE 19,530
INTEL CORP COMM 458140100 3,582 130,160 SH SHARED 130,160
INTEL CORP COMM 458140100 10,127 368,000 SH SOLE 368,000
INTERACTIVE CORP COMM 45840Q101 1,871 56,400 SH SHARED 56,400
INTERACTIVE CORP COMM 45840Q101 2,910 87,700 SH SOLE 87,700
INTERNATIONAL BUSINESS
MACHINES CORP CAP COMM 459200101 5,211 59,000 SH SOLE 59,000
JP MORGAN CHASE & CO COMM 46625H100 2,661 77,500 SH SHARED 77,500
JP MORGAN CHASE & CO COMM 46625H100 5,094 148,370 SH SOLE 148,370
JOHNSON & JOHNSON COMM 478160104 2,803 56,600 SH SHARED 56,600
JOHNSON & JOHNSON COMM 478160104 11,143 225,022 SH SOLE 225,022
JOHNSON CONTROL COMM 478366107 2,791 29,500 SH SOLE 29,500
KT CORP - ADR COMM 48268K101 239 12,000 SH SOLE 12,000
KAUFMAN & BROAD HOME CORP. COMM 48666K109 220 3,690 SH SOLE 3,690
KEY ENERGY SERVICES INC COMM 492914106 53 5,510 SH SOLE 5,510
KINDER MORGAN INC COMM 49455P101 2,663 49,300 SH SHARED 49,300
KINDER MORGAN INC COMM 49455P101 4,029 74,600 SH SOLE 74,600
L THREE COMM HOLDINGS COMM 502424104 1,631 37,700 SH SHARED 37,700
L THREE COMM HOLDINGS COMM 502424104 1,434 33,160 SH SOLE 33,160
LEAR SEATING COMM 521865105 1,937 36,800 SH SHARED 36,800
LEHMAN BROS COMM 524908100 2,494 36,100 SH SHARED 36,100
LEHMAN BROS COMM 524908100 4,440 64,280 SH SOLE 64,280
LEXMARK INTL COMM 529771107 74 1,180 SH SOLE 1,180
LILLY, ELI & CO COMM 532457108 396 6,660 SH SOLE 6,660
LOCKHEED MARTIN CORP. COMM 539830109 515 11,170 SH SOLE 11,170
LOWE'S COMPANIES INC. COMM 548661107 302 5,810 SH SOLE 5,810
MBIA CORP COMM 55262C100 2,023 36,800 SH SHARED 36,800
MBIA CORP COMM 55262C100 2,430 44,200 SH SOLE 44,200
MBNA CORP COMM 55262L100 2,731 119,800 SH SHARED 119,800
MBNA CORP COMM 55262L100 6,483 284,340 SH SOLE 284,340
MEMC ELECTRONIC MATERIALS COMM 552715104 89 8,160 SH SOLE 8,160
MAGNA INTERNATIONAL COMM 559222401 1,587 22,000 SH SHARED 22,000
MAGNA INTERNATIONAL COMM 559222401 3,514 48,700 SH SOLE 48,700
MARSH & MCLENNAN COS INC COMM 571748102 160 3,360 SH SOLE 3,360
MATTEL INC COMM 577081102 1,985 104,700 SH SHARED 104,700
MATTEL INC COMM 577081102 2,851 150,370 SH SOLE 150,370
MAXIM INTEGRATED PRODOCTS COMM 57772K101 235 5,960 SH SOLE 5,960
MAYTAG CORP. COMM 578592107 187 7,490 SH SOLE 7,490
MCDONALDS CORP COMM 580135101 2,660 113,000 SH SHARED 113,000
MCDONALDS CORP COMM 580135101 4,943 210,000 SH SOLE 210,000
MEDTRONIC INC COMM 585055106 343 7,320 SH SOLE 7,320
MELLON FINANCIAL CORP COMM 58551A108 78 2,580 SH SOLE 2,580
MERCK AND CO INC COMM 589331107 3,431 67,780 SH SOLE 67,780
MERRILL LYNCH & CO. COMM 590188108 579 10,820 SH SOLE 10,820
MICROSOFT CORP COMM 594918104 6,043 217,360 SH SHARED 217,360
MICROSOFT CORP COMM 594918104 20,047 721,114 SH SOLE 721,114
MID ATLANTIC MEDICAL SERVICES COMM 59523C107 121 2,350 SH SOLE 2,350
MOODY'S CORP COMM 615369105 59 1,070 SH SOLE 1,070
MORGAN STANLEY COMM 617446448 442 8,760 SH SOLE 8,760
NBTY INC COMM 628782104 57 2,440 SH SOLE 2,440
NEUBERGER BERMAN COMM 641234109 78 1,870 SH SOLE 1,870
NEWELL RUBBERMAID COMM 651229106 491 22,670 SH SOLE 22,670
NEXTEL COMMS - A COMM 65332V103 1,478 75,000 SH SHARED 75,000
NEXTEL COMMS - A COMM 65332V103 3,843 194,970 SH SOLE 194,970
NIKE INC CLASS B COMM 654106103 97 1,590 SH SOLE 1,590
NOKIA CORP ADR COMM 654902204 1,092 70,000 SH SHARED 70,000
NOKIA CORP ADR COMM 654902204 515 33,000 SH SOLE 33,000
NORFOLK SOUTHERN CORP COMM 655844108 86 4,650 SH SOLE 4,650
NORTHEAST UTILITIES COMM 664397106 173 9,670 SH SOLE 9,670
NORTHROP GRUMMAN CORP COMM 666807102 1,742 20,200 SH SHARED 20,200
NORTHROP GRUMMAN CORP COMM 666807102 2,095 24,300 SH SOLE 24,300
NVIDIA CORP. COMM 67066G104 62 3,900 SH SOLE 3,900
OCCIDENTAL PETROLEUM CORP COMM 674599105 168 4,780 SH SOLE 4,780
OFFICE DEPOT COMM 676220106 2,796 199,000 SH SOLE 199,000
OMNICOM GROUP INC. COMM 681919106 2,235 31,100 SH SHARED 31,100
OMNICOM GROUP INC. COMM 681919106 3,341 46,500 SH SOLE 46,500
ORACLE CORPORATION COMM 68389X105 2,067 183,700 SH SHARED 183,700
ORACLE CORPORATION COMM 68389X105 4,566 405,890 SH SOLE 405,890
OWENS ILLINOIS INC. COMM 690768403 57 5,000 SH SOLE 5,000
THE PMI GROUP INC COMM 69344M101 71 2,110 SH SOLE 2,110
PNC FINANCIAL SERVICES GROUP COMM 693475105 161 3,390 SH SOLE 3,390
PPL CORPORATION COMM 69351T106 287 7,000 SH SOLE 7,000
PACIFICARE HEALTH SYSTEMS, INC COMM 695112102 322 6,590 SH SOLE 6,590
PEABODY ENERGY CORP COMM 704549104 427 13,610 SH SOLE 13,610
PEOPLESOFT, INC. COMM 712713106 88 4,840 SH SOLE 4,840
PEPSICO INC COMM 713448108 3,029 66,100 SH SHARED 66,100
PEPSICO INC COMM 713448108 7,952 173,501 SH SOLE 173,501
(R) PETROCORP INC. COMM 71645N101 11,035 1,639,624 SH SHARED 1,639,624
PFIZER INC COMM 717081103 2,975 97,910 SH SHARED 97,910
PFIZER INC COMM 717081103 11,255 370,466 SH SOLE 370,466
PIER 1 IMPORTS INC COMM 720279108 53 2,730 SH SOLE 2,730
POGO PRODUCING CO COMM 730448107 56 1,240 SH SOLE 1,240
POLARIS INDS INC COMM 731068102 87 1,180 SH SOLE 1,180
POLYCOM, INC. COMM 73172K104 59 3,570 SH SOLE 3,570
POPULAR INC COMM 733174106 274 6,890 SH SOLE 6,890
PROCTER AND GAMBLE COMM 742718109 3,360 36,200 SH SHARED 36,200
PROCTER AND GAMBLE COMM 742718109 7,571 81,570 SH SOLE 81,570
PROGRESSIVE CORP. COMM 743315103 117 1,690 SH SOLE 1,690
PROTECTIVE LIFE COMM 743674103 1,922 64,400 SH SHARED 64,400
QLOGIC CORP. COMM 747277101 127 2,700 SH SOLE 2,700
QUALCOMM INC COMM 747525103 110 2,640 SH SOLE 2,640
RADIAN GROUP INC. COMM 750236101 2,131 48,000 SH SHARED 48,000
RADIAN GROUP INC. COMM 750236101 2,606 58,700 SH SOLE 58,700
RALCORP HOLDINGS INC. COMM 751028101 1,839 66,400 SH SHARED 66,400
RALCORP HOLDINGS INC. COMM 751028101 1,759 63,500 SH SOLE 63,500
REEBOK INTERNATIONAL LTD COMM 758110100 263 7,860 SH SOLE 7,860
REYNOLDS & REYNOLDS CO. COMM 761695105 85 3,090 SH SOLE 3,090
ROCKWELL COLLINS COMM 774341101 104 4,110 SH SOLE 4,110
ROYAL DUTCH PETROLEUM CO (ADR) COMM 780257804 217 4,900 SH SOLE 4,900
RYLAND GROUP INC COMM 783764103 387 5,290 SH SOLE 5,290
SBC COMMUNICATIONS INC COMM 78387G103 500 22,460 SH SOLE 22,460
SEI INVESTMENTS COMM 784117103 176 5,410 SH SOLE 5,410
SLM CORP COMM 78442P106 111 2,840 SH SOLE 2,840
SPX CORPORATION COMM 784635104 173 3,830 SH SOLE 3,830
ST. JUDE MEDICAL INC. COMM 790849103 1,882 35,000 SH SHARED 35,000
ST. JUDE MEDICAL INC. COMM 790849103 4,173 77,600 SH SOLE 77,600
SARA LEE CORP. COMM 803111103 91 4,950 SH SOLE 4,950
SCHERING PLOUGH CORP COMM 806605101 222 14,590 SH SOLE 14,590
SELECT COMFORT COMMON STOCK COMM 81616X103 25,549 1,481,019 SH SHARED 1,481,019
SEMPRA ENERGY COMM 816851109 92 3,140 SH SOLE 3,140
SIEBEL SYSTEMS COMM 826170102 58 5,980 SH SOLE 5,980
SOUTHERN COMPANY COMM 842587107 125 4,250 SH SOLE 4,250
SPRINT CORP (FON) COMM 852061100 94 6,210 SH SOLE 6,210
SPRINT CORP (PCS) COMM 852061506 2,063 360,000 SH SHARED 360,000
SPRINT CORP (PCS) COMM 852061506 4,526 789,930 SH SOLE 789,930
STEEL CITY PRODUCTS INC. COMM 858064108 0 81 SH SHARED 81
STORAGE TECHNOLOGY CORP. COMM 862111200 128 5,310 SH SOLE 5,310
TAIWAN SEMICONDUCTOR LTD (ADR) COMM 874039100 271 25,000 SH SOLE 25,000
TEKTRONIX INC COMM 879131100 80 3,220 SH SOLE 3,220
TELLABS INC COMM 879664100 112 16,420 SH SOLE 16,420
TEVA PHARMACEUTICAL
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TEVA PHARMACEUTICAL
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3M COMPANY COMM 88579Y101 130 1,880 SH SOLE 1,880
TIMBERLAND CO. CL A COMM 887100105 110 2,580 SH SOLE 2,580
TIME WARNER COMM 887317105 92 6,120 SH SOLE 6,120
TIMKEN CO COMM 887389104 57 3,740 SH SOLE 3,740
(R) TRANSCEND SERVICES INC COMM 893929208 580 200,000 SH SHARED 200,000
TYCO INTERNATIONAL LTD. COMM 902124106 302 14,780 SH SOLE 14,780
UCBH HOLDINGS INC COMM 90262T308 57 1,870 SH SOLE 1,870
UGI CORP COMM 902681105 160 5,540 SH SOLE 5,540
US BANCORP - NEW COMM 902973304 2,205 91,900 SH SHARED 91,900
US BANCORP - NEW COMM 902973304 4,530 188,830 SH SOLE 188,830
UNION PACIFIC CORP COMM 907818108 277 4,770 SH SOLE 4,770
UNITED DEFENSE INDUSTRIES COMM 91018B104 57 2,010 SH SOLE 2,010
UNITED ONLINE INC COMM 911268100 55 1,590 SH SOLE 1,590
UNITED PARCEL SERVICE COMM 911312106 212 3,320 SH SOLE 3,320
UNITED TECHNOLOGIES CORP COMM 913017109 2,751 35,600 SH SHARED 35,600
UNITED TECHNOLOGIES CORP COMM 913017109 5,630 72,850 SH SOLE 72,850
UNITEDHEALTHCARE GROUP COMM 91324P102 3,115 61,900 SH SHARED 61,900
UNITEDHEALTHCARE GROUP COMM 91324P102 5,344 106,200 SH SOLE 106,200
VALERO ENERGY CORP COMM 91913Y100 375 9,790 SH SOLE 9,790
VERIZON COMMUNICATIONS COMM 92343V104 541 16,690 SH SOLE 16,690
VIACOM INC. CL B COMM 925524308 403 10,520 SH SOLE 10,520
WACHOVIA CORP - NEW COMM 929903102 1,812 44,000 SH SHARED 44,000
WACHOVIA CORP - NEW COMM 929903102 4,446 107,950 SH SOLE 107,950
WAL-MART STORES INC COMM 931142103 2,899 51,900 SH SHARED 51,900
WAL-MART STORES INC COMM 931142103 16,762 300,128 SH SOLE 300,128
WASHINGTON FEDERAL INC COMM 938824109 53 2,120 SH SOLE 2,120
WASHINGTON MUTUAL INC COMM 939322103 230 5,850 SH SOLE 5,850
WASTE MANAGEMENT INC. COMM 94106L109 226 8,620 SH SOLE 8,620
WEBMED CORP COMM 94769M105 86 9,620 SH SOLE 9,620
WEIGHT WATCHERS INTL INC COMM 948626106 1,577 37,900 SH SHARED 37,900
WEIGHT WATCHERS INTL INC COMM 948626106 4,193 100,800 SH SOLE 100,800
WELLPOINT HEALTH NETWORKS INC. COMM 94973H108 55 720 SH SOLE 720
WELLS FARGO & CO COMM 949746101 2,982 57,900 SH SHARED 57,900
WELLS FARGO & CO COMM 949746101 6,160 119,610 SH SOLE 119,610
WESTERN GAS RESOURCES COMM 958259103 136 3,590 SH SOLE 3,590
WESTWOOD ONE INC COMM 961815107 1,811 60,000 SH SHARED 60,000
WESTWOOD ONE INC COMM 961815107 2,011 66,600 SH SOLE 66,600
WYETH CORP COMM 983024100 360 7,800 SH SOLE 7,800
XEROX CORP COMM 984121103 57 5,540 SH SOLE 5,540
ZIMMER HOLDINGS INC COMM 98956P102 3,124 56,700 SH SHARED 56,700
ZIMMER HOLDINGS INC COMM 98956P102 5,736 104,100 SH SOLE 104,100
ACE LTD COMM G0070K103 2,024 61,200 SH SHARED 61,200
ACE LTD COMM G0070K103 2,366 71,520 SH SOLE 71,520
AMDOCS LTD COMM G02602103 1,839 97,800 SH SHARED 97,800
AMDOCS LTD COMM G02602103 2,636 140,200 SH SOLE 140,200
EVEREST RE GROUP LTD COMM G3223R108 2,458 32,700 SH SHARED 32,700
EVEREST RE GROUP LTD COMM G3223R108 4,484 59,660 SH SOLE 59,660
INGERSOLL-RAND CO COMM G4776G101 2,351 44,000 SH SHARED 44,000
INGERSOLL-RAND CO COMM G4776G101 3,912 73,200 SH SOLE 73,200
NOBLE DRILLING COMM G65422100 2,379 70,000 SH SHARED 70,000
NOBLE DRILLING COMM G65422100 4,371 128,600 SH SOLE 128,600
PLATINUM UNDERWRITERS HOLDING COMM G7127P100 135,000 6,000,000 SH SHARED 6,000,000
SEAGATE TECHNOLOGY HOLDINGS COMM G7945J104 2,875 105,700 SH SHARED 105,700
SEAGATE TECHNOLOGY HOLDINGS COMM G7945J104 4,143 152,300 SH SOLE 152,300
XL CAPITAL LTD - CLASS A COMM G98255105 320 4,130 SH SOLE 4,130
TARO PHARMACEUTICAL INDS LTD COMM M8737E108 57 1,020 SH SOLE 1,020
ROYAL CARIBBEAN CRUISES LTD. COMM V7780T103 1,408 50,100 SH SHARED 50,100
ROYAL CARIBBEAN CRUISES LTD. COMM V7780T103 1,965 69,900 SH SOLE 69,900
FLEXTRONICS INTERNATIONAL LTD COMM Y2573F102 995 70,000 SH SHARED 70,000
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