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, 2004
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BP p.l.c.
Address: 1 St James's Square
London SW1Y 4PD
England
Form 13F File Number: 28-05353
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Dr. Byron E. Grote
Title: Chief Financial Officer and Executive Director
Phone: 020 7496 4263
Signature, Place, and Date of Signing:
/s/ Byron Grote London, UK 5 November 2004
------------------ ------------------ ------------------
[Signature] [City,State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-________________ _______________
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
------------
Form 13F Information Table Entry Total: 379
------------
Form 13F Information Table Value Total: $ 1,103,799
------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
No. Form 13F File Number Name
01 28-05357 BP Investment Management Limited
BP P.L.C.
FORM 13F INFORMATION TABLE
SEPTEMBER 30, 2004
TITLE
OF VALUE SHARES SH/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER CLASS CUSIP (x$1000) /PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
3M COM 88579Y101 6,398 80,000 SH DEFINED 01 80,000
ABBOTT LABORATORIES COM 002824100 7,413 175,000 SH DEFINED 01 175,000
ACCENTURE COM G1150G111 271 10,000 SH DEFINED 01 10,000
ACE LTD COM G0070K103 1,202 30,000 SH DEFINED 01 30,000
ADOBE SYS COM 00724F101 1,484 30,000 SH DEFINED 01 30,000
AETNA COM 00817Y108 2,308 23,100 SH DEFINED 01 23,100
AFFILIATED COMPUTER SERV COM 008190100 779 14,000 SH DEFINED 01 14,000
AFLAC COM 001055102 2,059 52,500 SH DEFINED 01 52,500
AGILENT TECHNOLOGIES COM 00846U101 1,079 50,000 SH DEFINED 01 50,000
AIR PRODUCTS & CHEMS COM 009158106 1,360 25,000 SH DEFINED 01 25,000
ALBERTSONS COM 013104104 838 35,000 SH DEFINED 01 35,000
ALCOA COM 013817101 3,527 105,000 SH DEFINED 01 105,000
ALLEGHENY ENERGY COM 017361106 638 40,000 SH DEFINED 01 40,000
ALLOS THERAPEUTICS COM COM 019777101 92 44,172 SH SOLE 44,172
ALLSTATE COM 020002101 4,079 85,000 SH DEFINED 01 85,000
ALLTEL COM 020039103 1,812 33,000 SH DEFINED 01 33,000
ALTERA COM 021441100 783 40,000 SH DEFINED 01 40,000
ALTRIA COM 02209S103 10,114 215,000 SH DEFINED 01 215,000
AMBAC FINANCIAL GRP COM 023139108 800 10,000 SH DEFINED 01 10,000
AMER ELEC POWER COM 025537101 1,278 40,000 SH DEFINED 01 40,000
AMEREN COM 023608102 923 20,000 SH DEFINED 01 20,000
AMERICA MOVIL A ADR ADR 02364W204 3,853 100,000 SH DEFINED 01 100,000
AMERICA MOVIL L ADR ADR 02364W105 2,459 63,000 SH DEFINED 01 63,000
AMERICAN EXPRESS COM 025816109 7,333 142,500 SH DEFINED 01 142,500
AMERICAN INTL GROUP COM 026874107 20,465 301,000 SH DEFINED 01 301,000
AMERICAN POWER CONVERSION COM 029066107 348 20,000 SH DEFINED 01 20,000
AMGEN COM 031162100 8,587 151,500 SH DEFINED 01 151,500
AMSOUTH BANCORP COM 032165102 854 35,000 SH DEFINED 01 35,000
ANADARKO PETROLEUM COM 032511107 1,659 25,000 SH DEFINED 01 25,000
ANALOG DEVICES COM 032654105 1,551 40,000 SH DEFINED 01 40,000
ANHEUSER BUSCH COM COM 035229103 5,241 104,920 SH DEFINED 01 104,920
ANTHEM INC COM 03674B104 1,527 17,500 SH DEFINED 01 17,500
APACHE COM 037411105 2,105 42,000 SH DEFINED 01 42,000
APPLE COMPUTER COM 037833100 1,938 50,000 SH DEFINED 01 50,000
APPLERA CORP-APPLIED BIOSYS COM 038020103 377 20,000 SH DEFINED 01 20,000
APPLIED MATERIALS COM 038222105 2,853 173,000 SH DEFINED 01 173,000
APPOLLO COM 037604105 1,394 19,000 SH DEFINED 01 19,000
ARACRUZ CELLULOSA - ADR ADR 038496204 470 14,200 SH DEFINED 01 14,200
AT & T COMCAST ' A ' COM 20030N101 5,648 200,000 SH DEFINED 01 200,000
AT & T CORP COM 001957505 1,187 82,909 SH DEFINED 01 82,909
AT & T WIRELESS SERVICES COM 00209A106 4,212 285,000 SH DEFINED 01 285,000
AUTO DATA PROCESS COM 053015103 2,521 61,000 SH DEFINED 01 61,000
AUTODESK COM 052769106 608 12,500 SH DEFINED 01 12,500
AVAYA COM COM 053499109 836 60,000 SH DEFINED 01 60,000
AVON PRODUCTS COM 054303102 2,184 50,000 SH DEFINED 01 50,000
BAKBONE SOFTWARE COM 057101107 102 87,949 SH SOLE 87,949
BAKER HUGHES COM 057224107 2,077 47,500 SH DEFINED 01 47,500
BANK OF AMERICA COM 060505104 19,631 453,054 SH DEFINED 01 453,054
BANK OF NEW YORK COM COM 064057102 2,334 80,000 SH DEFINED 01 80,000
BAXTER INTERNATIONAL COM 071813109 2,010 62,500 SH DEFINED 01 62,500
BB&T COM 054937107 1,985 50,000 SH DEFINED 01 50,000
BECTON DICKINSON COM 075887109 1,293 25,000 SH DEFINED 01 25,000
BED BATH & BEYOND COM 075896100 1,484 40,000 SH DEFINED 01 40,000
BELLSOUTH COM 079860102 5,017 185,000 SH DEFINED 01 185,000
BEST BUY COM 086516101 2,305 42,500 SH DEFINED 01 42,500
BIOGEN IDEC PHARMACEUTICAL COM 09062X103 2,294 37,500 SH DEFINED 01 37,500
BLACK & DECKER COM COM 091797100 1,742 22,500 SH DEFINED 01 22,500
BMC SOFTWARE COM 055921100 364 23,000 SH DEFINED 01 23,000
BOEING COM 097023105 4,284 83,000 SH DEFINED 01 83,000
BOSTON SCIENTIFIC COM 101137107 3,298 83,000 SH DEFINED 01 83,000
BRAZIL TELECOM COM 105530109 405 12,500 SH DEFINED 01 12,500
BRISTOL MYERS SQUIBB COM 110122108 4,971 210,000 SH DEFINED 01 210,000
BROADCOM CL A COM 111320107 873 32,000 SH DEFINED 01 32,000
BURLINGTON NTH SANTA COM 12189T104 2,337 61,000 SH DEFINED 01 61,000
BURLINGTON RESOURCES COM 122014103 2,448 60,000 SH DEFINED 01 60,000
CALPINE COM 131347106 116 40,000 SH DEFINED 01 40,000
CAPITAL ONE COM 14040H105 1,737 23,500 SH DEFINED 01 23,500
CARDINAL HEALTH COM 14149Y108 1,970 45,000 SH DEFINED 01 45,000
CAREMARK COM 141705103 1,443 45,000 SH DEFINED 01 45,000
CARNIVAL CORP COM 143658300 3,074 65,000 SH DEFINED 01 65,000
CARSO GLB TEL ADR (2 ORD) ADR 14574P101 474 160,000 SH DEFINED 01 160,000
CATERPILLAR COM 149123101 2,776 34,500 SH DEFINED 01 34,500
CEMEX S A ADR 151290889 3,658 130,000 SH DEFINED 01 130,000
CEMIG ADR ADR 204409601 786 37,000 SH DEFINED 01 37,000
CENDANT COM 151313103 2,765 128,000 SH DEFINED 01 128,000
CENTERPOINT ENERGY COM 15189T107 787 76,000 SH DEFINED 01 76,000
CHEVRON TEXACO COM 166764100 13,415 250,100 SH DEFINED 01 250,100
CHIRON COM 170040109 1,061 24,000 SH DEFINED 01 24,000
CHUBB COM 171232101 1,406 20,000 SH DEFINED 01 20,000
CIA SIDERURGICA NACL - SP ADR ADR 20440W105 311 20,000 SH DEFINED 01 20,000
CIENA COM 171779101 99 50,000 SH DEFINED 01 50,000
CIGNA COM 125509109 1,880 27,000 SH DEFINED 01 27,000
CINERGY COM 172474108 871 22,000 SH DEFINED 01 22,000
CISCO SYS COM 17275R102 12,942 715,000 SH DEFINED 01 715,000
CITIGRP COM 172967101 25,134 569,669 SH DEFINED 01 569,669
CITIZENS COMMUNICATIONS COM 17453B101 455 34,000 SH DEFINED 01 34,000
CITRIX COM 177376100 350 20,000 SH DEFINED 01 20,000
CLEAR CHANNEL COMM COM 184502102 1,714 55,000 SH DEFINED 01 55,000
COCA COLA COM 191216100 10,013 250,000 SH DEFINED 01 250,000
COCA COLA ENTERPRISES COM 191219104 756 40,000 SH DEFINED 01 40,000
COHN & STEERS ETF COM 464287564 4,151 35,000 SH DEFINED 01 35,000
COLGATE-PALMOLIVE COM 194162103 2,530 56,000 SH DEFINED 01 56,000
COMERICA COM 200340107 1,306 22,000 SH DEFINED 01 22,000
COMP ASSOC INTL COM 204912109 1,604 61,000 SH DEFINED 01 61,000
COMPANHIA DE VALE RIODOCE ADR ADR 204412209 1,348 60,000 SH DEFINED 01 60,000
COMPUTER SCIENCES COM 205363104 1,413 30,000 SH DEFINED 01 30,000
COMVERSE TECHNOLGY COM 205862402 377 20,000 SH DEFINED 01 20,000
CONAGRA COM 205887102 1,234 48,000 SH DEFINED 01 48,000
CONOCOPHILLIPS COM 20825C104 6,636 80,100 SH DEFINED 01 80,100
CONS EDISON NY COM COM 209115104 841 20,000 SH DEFINED 01 20,000
CORNING COM 219350105 1,496 135,000 SH DEFINED 01 135,000
COSTCO WHOLESALE COM 22160K105 1,870 45,000 SH DEFINED 01 45,000
COUNTRYWIDE FINANCIAL COM 222372104 2,363 60,000 SH DEFINED 01 60,000
CSX COM 126408103 797 24,000 SH DEFINED 01 24,000
CUMMINS ENGINE COM 231021106 369 5,000 SH DEFINED 01 5,000
CVS COM 126650100 2,107 50,000 SH DEFINED 01 50,000
DANAHER COM 235851102 1,333 26,000 SH DEFINED 01 26,000
DEERE & CO COM 244199105 1,678 26,000 SH DEFINED 01 26,000
DELL INC COM 24702R101 9,256 260,000 SH DEFINED 01 260,000
DELPHI AUTO SYSTEMS COM 247126105 557 60,000 SH DEFINED 01 60,000
DEVON ENERGY COM 25179M103 2,308 32,500 SH DEFINED 01 32,500
DISNEY(WALT) COM 254687106 5,299 235,000 SH DEFINED 01 235,000
DOLLAR GENERAL COM COM 256669102 1,209 60,000 SH DEFINED 01 60,000
DOMINION RESOURCES COM 25746U109 2,088 32,000 SH DEFINED 01 32,000
DOVER CORP COM 260003108 777 20,000 SH DEFINED 01 20,000
DOW CHEMICAL COM 260543103 4,364 96,600 SH DEFINED 01 96,600
DSL.NET INC COM COM 262506108 326 1,717,021 SH SOLE 1,717,021
DTE ENERGY COM 233331107 802 19,000 SH DEFINED 01 19,000
DU PONT (EI) DE NEMOURS COM 263534109 4,494 105,000 SH DEFINED 01 105,000
DUKE ENERGY COM 264399106 2,518 110,000 SH DEFINED 01 110,000
EASTMAN KODAK COM 277461109 644 20,000 SH DEFINED 01 20,000
EATON CORP COM 278058102 2,156 34,000 SH DEFINED 01 34,000
EBAY COM 278642103 6,068 66,000 SH DEFINED 01 66,000
ECOLAB INC COM 278865100 1,258 40,000 SH DEFINED 01 40,000
EDISON INTERNATIONAL COM 281020107 1,365 51,500 SH DEFINED 01 51,500
EL PASO COM 28336L109 1,103 120,000 SH DEFINED 01 120,000
ELECTRONIC ARTS COM 285512109 1,380 30,000 SH DEFINED 01 30,000
ELECTRONIC DATA SYST COM COM 285661104 873 45,000 SH DEFINED 01 45,000
EMC COM 268648102 3,000 260,000 SH DEFINED 01 260,000
EMERSON ELEC COM 291011104 2,785 45,000 SH DEFINED 01 45,000
ENGELHARD COM 292845104 425 15,000 SH DEFINED 01 15,000
ENTERGY COM 29364G103 2,121 35,000 SH DEFINED 01 35,000
EOG RESOURCES COM 26875P101 1,317 20,000 SH DEFINED 01 20,000
EXELON COM 30161N101 2,568 70,000 SH DEFINED 01 70,000
EXPRESS SCRIPTS COM 302182100 523 8,000 SH DEFINED 01 8,000
EXXON MOBIL COM 30231G102 33,348 690,000 SH DEFINED 01 690,000
FANNIE MAE COM 313586109 5,548 87,500 SH DEFINED 01 87,500
FEDERATED DEPT STORES COM 31410H101 909 20,000 SH DEFINED 01 20,000
FEDEX COM 31428X106 2,785 32,500 SH DEFINED 01 32,500
FIFTH THIRD BANCORP COM 316773100 2,707 55,000 SH DEFINED 01 55,000
FIRST DATA COM 319963104 3,872 89,000 SH DEFINED 01 89,000
FIRST ENERGY COM 337932107 1,643 40,000 SH DEFINED 01 40,000
FISERV COM 337738108 697 20,000 SH DEFINED 01 20,000
FLUOR COM 343412102 401 9,000 SH DEFINED 01 9,000
FOMENTO ECONOMICO MEXICANO S ADR 344419106 1,767 40,000 SH DEFINED 01 40,000
FORD MOTOR (NEW) COM 345370860 2,389 170,000 SH DEFINED 01 170,000
FOREST LABS COM 345838106 2,249 50,000 SH DEFINED 01 50,000
FPL GROUP COM 302571104 1,366 20,000 SH DEFINED 01 20,000
FRANKLIN RESOURCES COM 354613101 1,729 31,000 SH DEFINED 01 31,000
FREDDIE MAC COM 313400301 4,273 65,500 SH DEFINED 01 65,500
FREEPORT MCMORAN COPPER COM 35671D857 1,256 31,000 SH DEFINED 01 31,000
GANNETT COM 364730101 3,685 44,000 SH DEFINED 01 44,000
GAP COM 364760108 1,730 92,500 SH DEFINED 01 92,500
GEDEON RICHTER GDR GDR 368467205 2,611 22,000 SH DEFINED 01 22,000
GENERAL DYNAMICS COM 369550108 2,042 20,000 SH DEFINED 01 20,000
GENERAL ELECTRIC COM 369604103 36,602 1,090,000 SH DEFINED 01 1,090,000
GENERAL MILLS COM 370334104 2,245 50,000 SH DEFINED 01 50,000
GENERAL MOTORS COM COM 370442105 2,018 47,500 SH DEFINED 01 47,500
GENUINE PARTS COM 372460105 499 13,000 SH DEFINED 01 13,000
GENZYME COM 372917104 1,360 25,000 SH DEFINED 01 25,000
GEORGIA PACIFIC COM 373298108 935 26,000 SH DEFINED 01 26,000
GERDAU - ADR ADR 373737105 164 10,000 SH DEFINED 01 10,000
GILEAD SCIENCES COM 375558103 1,645 44,000 SH DEFINED 01 44,000
GILLETTE COM 375766102 4,174 100,000 SH DEFINED 01 100,000
GOL LINHAS AEREAS COM 38045R107 203 10,000 SH DEFINED 01 10,000
GOLDEN WEST FINL COM 381317106 2,219 20,000 SH DEFINED 01 20,000
GOLDMAN SACHS COM 38141G104 4,755 51,000 SH DEFINED 01 51,000
GPO CARSO ADR (2 A1) ADR 400485207 916 100,000 SH DEFINED 01 100,000
GPO TELE GDR (2 PTG CERT) GDR 40049J206 2,373 45,000 SH DEFINED 01 45,000
GRAINGER WW INC COM 384802104 865 15,000 SH DEFINED 01 15,000
GUIDANT SHS COM 401698105 2,113 32,000 SH DEFINED 01 32,000
H & R BLOCK COM 093671105 890 18,000 SH DEFINED 01 18,000
HALLIBURTON COM 406216101 2,190 65,000 SH DEFINED 01 65,000
HARLEY DAVIDSON COM 412822108 2,288 38,500 SH DEFINED 01 38,500
HARRAH'S ENTERTAINMENT COM 413619107 609 11,500 SH DEFINED 01 11,500
HARTFORD FINL SERV COM 416515104 3,406 55,000 SH DEFINED 01 55,000
HASBRO COM 418056107 376 20,000 SH DEFINED 01 20,000
HCA COM 404119109 1,888 49,500 SH DEFINED 01 49,500
HEALTH MANAGEMENT ASSOCIATES COM 421933102 613 30,000 SH DEFINED 01 30,000
HEINZ (HJ) COM 423074103 1,891 52,500 SH DEFINED 01 52,500
HELLENIC TELE ADR (OTE) ADR 423325307 186 27,778 SH DEFINED 01 27,778
HERSHEY COM 427866108 1,308 28,000 SH DEFINED 01 28,000
HEWLETT PACKARD COM 428236103 5,906 315,000 SH DEFINED 01 315,000
HILTON HOTELS COM 432848109 942 50,000 SH DEFINED 01 50,000
HOME DEPOT COM 437076102 9,408 240,000 SH DEFINED 01 240,000
HONEYWELL INTL COM COM 438516106 2,958 82,500 SH DEFINED 01 82,500
HOSPIRA COM 441060100 505 16,500 SH DEFINED 01 16,500
ILLINOIS TOOL WKS COM 452308109 3,447 37,000 SH DEFINED 01 37,000
IMS HEALTH COM 449934108 718 30,000 SH DEFINED 01 30,000
INGERSOLL RAND CL A COM G4776G101 1,291 19,000 SH DEFINED 01 19,000
INTEL COM 458140100 13,390 667,500 SH DEFINED 01 667,500
INTERNATIONAL PAPER COM 460146103 2,021 50,000 SH DEFINED 01 50,000
INTL BUSINESS MACHN COM 459200101 14,876 173,500 SH DEFINED 01 173,500
INTUIT COM 461202103 908 20,000 SH DEFINED 01 20,000
IONA TECH ADR (1 ORD) ADR 46206P109 267 65,000 SH DEFINED 01 65,000
ITT INDUSTRIES COM 450911102 1,200 15,000 SH DEFINED 01 15,000
JABIL CIRCUIT COM 466313103 690 30,000 SH DEFINED 01 30,000
JC PENNEY COM 708160106 917 26,000 SH DEFINED 01 26,000
JDS UNIPHASE COM 46612J101 472 140,000 SH DEFINED 01 140,000
JOHNSON & JOHNSON COM 478160104 17,181 305,000 SH DEFINED 01 305,000
JOHNSON CONTROLS COM 478366107 1,704 30,000 SH DEFINED 01 30,000
JP MORGAN CHASE COM COM 46625H100 14,219 357,900 SH DEFINED 01 357,900
KB HOME COM 48666K109 845 10,000 SH DEFINED 01 10,000
KELLOGG COM 487836108 2,133 50,000 SH DEFINED 01 50,000
KERR MCGEE COM 492386107 859 15,000 SH DEFINED 01 15,000
KEYCORP COM 493267108 1,422 45,000 SH DEFINED 01 45,000
KIMBERLY CLARK COM COM 494368103 3,100 48,000 SH DEFINED 01 48,000
KLA TENCOR COM 482480100 871 21,000 SH DEFINED 01 21,000
KOHLS COM 500255104 2,410 50,000 SH DEFINED 01 50,000
KROGER COM 501044101 1,195 77,000 SH DEFINED 01 77,000
LEHMAN BROS HDG COM 524908100 2,870 36,000 SH DEFINED 01 36,000
LEXMARK INTERNATIONAL COM 529771107 1,260 15,000 SH DEFINED 01 15,000
LILLY(ELI) & CO COM 532457108 7,356 122,500 SH DEFINED 01 122,500
LIMITED COM 532716107 1,115 50,000 SH DEFINED 01 50,000
LINCOLN NATIONAL COM COM 534187109 940 20,000 SH DEFINED 01 20,000
LINEAR TECHNOLOGY COM 535678106 1,268 35,000 SH DEFINED 01 35,000
LOCKHEED MARTIN COM COM 539830109 2,677 48,000 SH DEFINED 01 48,000
LOWES COM 548661107 5,707 105,000 SH DEFINED 01 105,000
LSI LOGIC COM 502161102 194 45,000 SH DEFINED 01 45,000
LUCENT TECH COM 549463107 1,331 420,000 SH DEFINED 01 420,000
M&T BANK COM 55261F104 1,436 15,000 SH DEFINED 01 15,000
MARATHON OIL COM 565849106 1,445 35,000 SH DEFINED 01 35,000
MARRIOTT INTERNATIONAL COM 571903202 2,078 40,000 SH DEFINED 01 40,000
MARSH & MCLENNAN COM 571748102 3,295 72,000 SH DEFINED 01 72,000
MARSHALL & ISLEY COM 571834100 1,209 30,000 SH DEFINED 01 30,000
MASCO COM 574599106 1,727 50,000 SH DEFINED 01 50,000
MATTEL COM 577081102 725 40,000 SH DEFINED 01 40,000
MAXIM INTEGRATED COM 57772K101 1,396 33,000 SH DEFINED 01 33,000
MBIA INC COM 55262C100 873 15,000 SH DEFINED 01 15,000
MBNA COM 55262L100 3,906 155,000 SH DEFINED 01 155,000
McCORMICK COM 579780206 515 15,000 SH DEFINED 01 15,000
MCDONALDS COM 580135101 4,064 145,000 SH DEFINED 01 145,000
MCGRAW HILL COM 580645109 1,833 23,000 SH DEFINED 01 23,000
MCKESSON COM 58155Q103 898 35,000 SH DEFINED 01 35,000
MEADWESTVACO COM 583334107 957 30,000 SH DEFINED 01 30,000
MEDCO COM 58405U102 865 28,000 SH DEFINED 01 28,000
MEDIMMUNE COM 584699102 581 24,500 SH DEFINED 01 24,500
MEDTRONIC COM 585055106 6,150 118,500 SH DEFINED 01 118,500
MELLON FINANCIAL COM 58551A108 1,177 42,500 SH DEFINED 01 42,500
MERCK COM 589331107 7,508 227,500 SH DEFINED 01 227,500
MERCURY INTERACTIVE COM 589405109 401 11,500 SH DEFINED 01 11,500
MERRILL LYNCH COM 590188108 4,500 90,500 SH DEFINED 01 90,500
MET LIFE COM 59156R108 2,860 74,000 SH DEFINED 01 74,000
MICRON TECHNOLOGY COM 595112103 746 62,000 SH DEFINED 01 62,000
MICROSOFT COM 594918104 30,761 1,112,500 SH DEFINED 01 1,112,500
MOLEX COM 608554101 596 20,000 SH DEFINED 01 20,000
MONSANTO COM 61166W101 1,002 27,500 SH DEFINED 01 27,500
MONSTER WORLDWIDE COM 611742107 320 13,000 SH DEFINED 01 13,000
MOODY'S COM COM 615369105 2,381 32,500 SH DEFINED 01 32,500
MORGAN ST DEAN WIT COM 617446448 5,990 121,500 SH DEFINED 01 121,500
MOTOROLA COM 620076109 4,465 247,500 SH DEFINED 01 247,500
NATIONAL CITY CORP COM 635405103 2,510 65,000 SH DEFINED 01 65,000
NATL SEMICONDUCTOR COM 637640103 620 40,000 SH DEFINED 01 40,000
NATUZZI ADR (1 ORD) ADR 63905A101 1,958 181,340 SH DEFINED 01 181,340
NETWORK APPL COM 64120L104 1,035 45,000 SH DEFINED 01 45,000
NEW YORK TIMES A COM 650111107 567 14,500 SH DEFINED 01 14,500
NEWELL RUBBERMAID COM 651229106 601 30,000 SH DEFINED 01 30,000
NEWMONT MINING COM 651639106 2,959 65,000 SH DEFINED 01 65,000
NEXTEL COMMS CL A COM 65332V103 2,444 102,500 SH DEFINED 01 102,500
NIKE B COM 654106103 1,970 25,000 SH DEFINED 01 25,000
NOBLE CORP COM G65422100 1,236 27,500 SH DEFINED 01 27,500
NORFOLK SOUTHERN COM 655844108 1,190 40,000 SH DEFINED 01 40,000
NORTH FORK BANCORP COM 659424105 2,911 65,500 SH DEFINED 01 65,500
NORTHERN TRUST COM 665859104 1,224 30,000 SH DEFINED 01 30,000
NORTHROP GRUMMAN COM 666807102 1,920 36,000 SH DEFINED 01 36,000
NOVELL COM 670006105 227 36,000 SH DEFINED 01 36,000
NOVELLUS SYSTEMS COM 670008101 399 15,000 SH DEFINED 01 15,000
NUCOR COM 670346105 914 10,000 SH DEFINED 01 10,000
OMNICOM GRP COM 681919106 2,199 30,100 SH DEFINED 01 30,100
ORACLE COM 68389X105 6,260 555,000 SH DEFINED 01 555,000
ORBOTECH COM COM M75253100 1,093 62,500 SH DEFINED 01 62,500
P G & E COM 69331C108 1,976 65,000 SH DEFINED 01 65,000
PARKER HANNIFIN COM 701094104 589 10,000 SH DEFINED 01 10,000
PAYCHEX COM 704326107 1,312 43,500 SH DEFINED 01 43,500
PEOPLESOFT COM 712713106 993 50,000 SH DEFINED 01 50,000
PEPSICO CAP COM 713448108 9,847 202,400 SH DEFINED 01 202,400
PETROBAS 'A' - ADR ADR 71654V408 1,763 50,000 SH DEFINED 01 50,000
PFIZER COM 717081103 24,933 814,800 SH DEFINED 01 814,800
PHELPS DODGE COM COM 717265102 920 10,000 SH DEFINED 01 10,000
PHOENIX COMPANIES COM 71902E109 1,061 101,817 SH SOLE 101,817
PITNEY BOWES COM 724479100 1,103 25,000 SH DEFINED 01 25,000
PIXELWORKS INC COM STK COM 72581M107 166 16,625 SH SOLE 16,625
PPG INDUSTRIES COM 693506107 1,226 20,000 SH DEFINED 01 20,000
PPL COM 69351T106 944 20,000 SH DEFINED 01 20,000
PRAXAIR COM 74005P104 1,581 37,000 SH DEFINED 01 37,000
PRINCIPAL FINANCIAL GROUP COM 74251V102 1,259 35,000 SH DEFINED 01 35,000
PROCTER & GAMBLE COM 742718109 15,695 290,000 SH DEFINED 01 290,000
PROGRESS ENERGY COM 743263105 847 20,000 SH DEFINED 01 20,000
PROGRESSIVE CORP COM 743315103 1,949 23,000 SH DEFINED 01 23,000
PROKOM SOFT GDR REGS GDR 743394207 810 35,000 SH DEFINED 01 35,000
PRUDENTIAL FINANCIAL COM 744320102 3,763 80,000 SH DEFINED 01 80,000
PUBLIC SERVICE ENT COM 744573106 1,065 25,000 SH DEFINED 01 25,000
PULTE HOME COM 745867101 1,350 22,000 SH DEFINED 01 22,000
QLOGIC COM 747277101 296 10,000 SH DEFINED 01 10,000
QUALCOMM COM 747525103 6,637 170,000 SH DEFINED 01 170,000
QUEST DIAGNOSTICS COM 74834L100 750 8,500 SH DEFINED 01 8,500
QWEST COMMS INTL COM 749121109 666 200,000 SH DEFINED 01 200,000
RAYTHEON COM 755111507 1,709 45,000 SH DEFINED 01 45,000
ROBERT HALF COM 770323103 490 19,000 SH DEFINED 01 19,000
ROC TAIWAN FUND SBI COM 874037104 571 132,882 SH DEFINED 01 132,882
ROCKWELL AUTOMATION COM 773903109 774 20,000 SH DEFINED 01 20,000
ROCKWELL COLLINS COM 774341101 743 20,000 SH DEFINED 01 20,000
ROHM & HAAS COM 775371107 1,289 30,000 SH DEFINED 01 30,000
RR DONNELLEY & SONS COM 257867101 1,409 45,000 SH DEFINED 01 45,000
SAFEWAY COM 786514208 869 45,000 SH DEFINED 01 45,000
SANMINA-SCI CORPORATION COM 800907107 388 55,000 SH DEFINED 01 55,000
SARA LEE COM 803111103 1,715 75,000 SH DEFINED 01 75,000
SBC COMMUNICATIONS COM 78387G103 8,953 345,000 SH DEFINED 01 345,000
SCHERING PLOUGH COM 806605101 2,611 137,000 SH DEFINED 01 137,000
SCHLUMBERGER COM 806857108 4,039 60,000 SH DEFINED 01 60,000
SCHWAB (CHARLES) COM 808513105 1,241 135,000 SH DEFINED 01 135,000
SEARS ROEBUCK COM 812387108 857 21,500 SH DEFINED 01 21,500
SEMPRA ENERGY COM 816851109 905 25,000 SH DEFINED 01 25,000
SIEBEL SYSCOM COM 826170102 452 60,000 SH DEFINED 01 60,000
SIGMA ALDRICH COM 826552101 464 8,000 SH DEFINED 01 8,000
SLM CORP COM 78442P106 3,211 72,000 SH DEFINED 01 72,000
SOLECTRON COM 834182107 483 97,550 SH DEFINED 01 97,550
SOUTH TRUST COM 844730101 1,375 33,000 SH DEFINED 01 33,000
SOUTHERN CO COM 842587107 2,503 83,500 SH DEFINED 01 83,500
SOUTHWEST AIRLINES COM 844741108 1,096 80,500 SH DEFINED 01 80,500
SPRINT (FON GRP) COM 852061100 3,523 175,000 SH DEFINED 01 175,000
ST JUDE MEDICAL COM 790849103 1,280 17,000 SH DEFINED 01 17,000
ST PAULS TRAVELLERS COM 792860108 2,314 70,000 SH DEFINED 01 70,000
STAPLES COM 855030102 2,266 76,000 SH DEFINED 01 76,000
STARBUCKS COM 855244109 1,637 36,000 SH DEFINED 01 36,000
STARWOOD HOTEL & RES CLB COM 85590A203 1,346 29,000 SH DEFINED 01 29,000
STATE STREET COM 857477103 1,538 36,000 SH DEFINED 01 36,000
STET HELLAS TELECOM ADR ADR 859823106 952 57,737 SH DEFINED 01 57,737
STRYKER COM 863667101 1,923 40,000 SH DEFINED 01 40,000
SUN MICROSYSTEMS COM 866810104 1,252 310,000 SH DEFINED 01 310,000
SUN TRUST COM 867914103 2,816 40,000 SH DEFINED 01 40,000
SUNGARD COM 867363103 713 30,000 SH DEFINED 01 30,000
SYMANTEC COM 871503108 1,921 35,000 SH DEFINED 01 35,000
SYSCO COM 871829107 2,992 100,000 SH DEFINED 01 100,000
TARGET CORP COM 87612E106 4,751 105,000 SH DEFINED 01 105,000
TELEFONOS DE MEXI ADR(1O) ADR 879403707 4,332 135,000 SH DEFINED 01 135,000
TELEFONOS MEXICO ADR(20L) ADR 879403780 1,872 58,000 SH DEFINED 01 58,000
TELLABS COM 879664100 368 40,000 SH DEFINED 01 40,000
TEMPLE INLAND COM 879868107 672 10,000 SH DEFINED 01 10,000
TERADYNE COM 880770102 268 20,000 SH DEFINED 01 20000
TEXAS INSTRUMENTS COM 882508104 3,830 180,000 SH DEFINED 01 180000
TEXTRON COM 883203101 1,607 25,000 SH DEFINED 01 25000
TIFFANY COM 886547108 461 15,000 SH DEFINED 01 15000
TIME WARNER COM 887317105 7,909 490,000 SH DEFINED 01 490000
TJX COM 872540109 1,763 80,000 SH DEFINED 01 80000
TRANSOCEAN INC COM G90078109 1,073 30,000 SH DEFINED 01 30000
TRIBUNE COM 896047107 1,769 43,000 SH DEFINED 01 43000
TXU COM 873168108 2,276 47,500 SH DEFINED 01 47500
TYCO INTERNATIONAL COM 902124106 7,205 235,000 SH DEFINED 01 235000
UNIBANCO GDR GDR 90458E111 242 10,000 SH DEFINED 01 10000
UNION PACIFIC COM 907818108 996 17,000 SH DEFINED 01 17000
UNISYS COM 909214108 310 30,000 SH DEFINED 01 30000
UNITED PARCEL SERVICE COM 911312106 8,731 115,000 SH DEFINED 01 115000
UNITEDHEALTH GRP COM 91324P102 6,379 86,500 SH DEFINED 01 86500
US BANCORP COM 902973304 6,011 208,000 SH DEFINED 01 208000
UST COM 902911106 403 10,000 SH DEFINED 01 10000
UTD TECHNOLOGIES COM 913017109 5,836 62,500 SH DEFINED 01 62500
VA LINUX SYSTEMS COM 91819B105 101 51,609 SH SOLE 51609
VALERO ENERGY COM 91913Y100 1,043 13,000 SH DEFINED 01 13000
VERITAS SOFTWARE CO COM 923436109 801 45,000 SH DEFINED 01 45000
VERIZON COMMUNICATIONS COM 92343V104 11,184 284,000 SH DEFINED 01 284000
VIACOM CL B N/VTG COM 925524308 7,132 212,500 SH DEFINED 01 212500
WACHOVIA CORP COM 929903102 7,747 165,000 SH DEFINED 01 165000
WAL MART STORES COM 931142103 23,408 440,000 SH DEFINED 01 440000
WALGREEN COM 931422109 3,941 110,000 SH DEFINED 01 110000
WASHINGTON MUTUAL COM 939322103 3,517 90,000 SH DEFINED 01 90000
WASTE MANAGEMENT COM 94106L109 2,187 80,000 SH DEFINED 01 80000
WELLPOINT COM 94973H108 1,629 15,500 SH DEFINED 01 15500
WELLS FARGO COM 949746101 10,733 180,000 SH DEFINED 01 180000
WENDYS INTL COM 950590109 840 25,000 SH DEFINED 01 25000
WEYERHAEUSER COM 962166104 1,961 29,500 SH DEFINED 01 29500
WHIRLPOOL COM 963320106 481 8,000 SH DEFINED 01 8000
WILLIAMS COM 969457100 605 50,000 SH DEFINED 01 50000
WRIGLEY COM 982526105 1,456 23,000 SH DEFINED 01 23000
WYETH COM 983024100 5,423 145,000 SH DEFINED 01 145000
XEROX COM 984121103 1,197 85,000 SH DEFINED 01 85000
XILINX COM 983919101 945 35,000 SH DEFINED 01 35000
YAHOO COM 984332106 4,578 135,000 SH DEFINED 01 135000
ZIMMER COM 98956P102 2,766 35,000 SH DEFINED 01 35000
1,103,799