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, 2005
Check here if Amendment [X ]; Amendment Number: _1___
This Amendment (Check only one.): [X ] 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 6th September 2005
------------------ ------------------ ------------------
[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: 396
------------
Form 13F Information Table Value Total: $ 1,178,450
------------
(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
JUNE 30, 2005
TITLE
OF VALUE SHARES SH/ INVESTMENT VOTING AUTHORITY
ISSUER CLASS CUSIP (x$1000) /PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE
3M COM 88579Y101 5784 80000 SH DEFINED 01 80000
ABBOTT LABORATORIES COM 002824100 8577 175000 SH DEFINED 01 175000
ACE LTD COM G0070K103 1637 36500 SH DEFINED 01 36500
ADOBE SYS COM 00724F101 1717 60000 SH DEFINED 01 60000
ADVANCED MICRO DEVICES COM 007903107 1023 59000 SH DEFINED 01 59000
AES CORP COM 00130H105 1245 76000 SH DEFINED 01 76000
AETNA COM 00817Y108 2982 36000 SH DEFINED 01 36000
AFFILIATED COMPUTER SERVICES COM 008190100 715 14000 SH DEFINED 01 14000
AFLAC COM 001055102 2272 52500 SH DEFINED 01 52500
AGILENT TECHNOLOGIES COM 00846U101 1381 60000 SH DEFINED 01 60000
AIR PRODUCTS & CHEMS COM 009158106 1809 30000 SH DEFINED 01 30000
ALBERTSONS COM 013104104 724 35000 SH DEFINED 01 35000
ALCOA COM 013817101 2299 88000 SH DEFINED 01 88000
ALLEGHENY ENERGY COM 017361106 1009 40000 SH DEFINED 01 40000
ALLEGHENY TECHNOLOGIES COM 01741R102 221 10000 SH DEFINED 01 10000
ALLOS THERAPEUTICS COM STK COM 019777101 96 44172 SH SOLE 44172
ALLSTATE COM 020002101 4780 80000 SH DEFINED 01 80000
ALLTEL COM 020039103 2055 33000 SH DEFINED 01 33000
ALTERA COM 021441100 991 50000 SH DEFINED 01 50000
ALTRIA COM 02209S103 13902 215000 SH DEFINED 01 215000
AMBAC FINANCIAL GRP COM 023139108 802 11500 SH DEFINED 01 11500
AMBEV ADR ADR 20441W203 247 8000 SH DEFINED 01 8000
AMER ELEC POWER COM 025537101 1475 40000 SH DEFINED 01 40000
AMEREN COM 023608102 1106 20000 SH DEFINED 01 20000
AMERICA MOVIL A ADR ADR 02364W204 5965 100000 SH DEFINED 01 100000
AMERICA MOVIL L ADR ADR 02364W105 3219 54000 SH DEFINED 01 54000
AMERICAN EXPRESS COM 025816109 8517 160000 SH DEFINED 01 160000
AMERICAN INTL GROUP COM 026874107 17081 294000 SH DEFINED 01 294000
AMERICAN POWER CONVERSION COM 029066107 472 20000 SH DEFINED 01 20000
AMERICAN STANDARD COM 029712106 922 22000 SH DEFINED 01 22000
AMGEN COM 031162100 9160 151500 SH DEFINED 01 151500
AMSOUTH BANCORP COM 032165102 910 35000 SH DEFINED 01 35000
ANADARKO PETROLEUM COM 032511107 2054 25000 SH DEFINED 01 25000
ANALOG DEVICES COM 032654105 1492 40000 SH DEFINED 01 40000
ANHEUSER BUSCH COM $US1 COM 035229103 3660 80000 SH DEFINED 01 80000
APACHE COM 037411105 2132 33000 SH DEFINED 01 33000
APPLE COMPUTER COM 037833100 3276 89000 SH DEFINED 01 89000
APPLERA CORP-APPLIED BIOSYS COM 038020103 393 20000 SH DEFINED 01 20000
APPLIED MATERIALS COM 038222105 2783 172000 SH DEFINED 01 172000
APPOLLO COM 037604105 1486 19000 SH DEFINED 01 19000
ARACRUZ CELLULOSA - ADR ADR 038496204 348 10000 SH DEFINED 01 10000
AT & T COMCAST ' A ' COM 20030N101 7061 230000 SH DEFINED 01 230000
AT & T CORP COM 001957505 1579 82909 SH DEFINED 01 82909
AUTO DATA PROCESS COM 053015103 2560 61000 SH DEFINED 01 61000
AUTODESK COM 052769106 859 25000 SH DEFINED 01 25000
AVAYA COM COM 053499109 582 70000 SH DEFINED 01 70000
AVON PRODUCTS COM 054303102 2271 60000 SH DEFINED 01 60000
BAKBONE SOFTWARE COM 057101107 119 87949 SH SOLE 87949
BAKER HUGHES COM 057224107 2686 52500 SH DEFINED 01 52500
BANCO ITAU ADR ADR 059602201 509 5500 SH DEFINED 01 5500
BANK OF AMERICA COM 060505104 19840 435000 SH DEFINED 01 435000
BANK OF NEW YORK COM COM 064057102 2302 80000 SH DEFINED 01 80000
BAXTER INTERNATIONAL COM 071813109 2319 62500 SH DEFINED 01 62500
BB&T COM 054937107 1999 50000 SH DEFINED 01 50000
BECTON DICKINSON COM 075887109 1312 25000 SH DEFINED 01 25000
BED BATH & BEYOND COM 075896100 1253 30000 SH DEFINED 01 30000
BELLSOUTH COM 079860102 5181 195000 SH DEFINED 01 195000
BEST BUY COM 086516101 3085 45000 SH DEFINED 01 45000
BIOGEN IDEC PHARMACEUTICAL COM 09062X103 1171 34000 SH DEFINED 01 34000
BJ SERVICES COM 055482103 1417 27000 SH DEFINED 01 27000
BLACK & DECKER COM COM 091797100 1348 15000 SH DEFINED 01 15000
BLACKBAUD INC COM STK COM 09227Q100 189 13985 SH SOLE 13985
BMC SOFTWARE COM 055921100 413 23000 SH DEFINED 01 23000
BOEING COM 097023105 5676 86000 SH DEFINED 01 86000
BOSTON SCIENTIFIC COM 101137107 2700 100000 SH DEFINED 01 100000
BRADESCO - ADR ADR 059460303 867 24500 SH DEFINED 01 24500
BRAZIL TELECOM ADR ADR 105530109 451 12500 SH DEFINED 01 12500
BRISTOL MYERS SQUIBB COM 110122108 4996 200000 SH DEFINED 01 200000
BROADCOM CL A COM 111320107 1136 32000 SH DEFINED 01 32000
BURLINGTON NTH SANTA COM 12189T104 1836 39000 SH DEFINED 01 39000
BURLINGTON RESOURCES COM 122014103 2210 40000 SH DEFINED 01 40000
BUTTERFIELD FD MGR THAI EURO COM 335020905 1259 67500 SH DEFINED 01 67500
CALPINE COM 131347106 136 40000 SH DEFINED 01 40000
CAPITAL ONE COM 14040H105 2720 34000 SH DEFINED 01 34000
CARDINAL HEALTH COM 14149Y108 2591 45000 SH DEFINED 01 45000
CAREMARK COM 141705103 2003 45000 SH DEFINED 01 45000
CARNIVAL CORP COM 143658300 3546 65000 SH DEFINED 01 65000
CARSO GLB TEL ADR (2 ORD) ADR 14574P101 608 160000 SH DEFINED 01 160000
CATERPILLAR COM 149123101 3288 34500 SH DEFINED 01 34500
CEMEX ADR PART CER(5 CPO) ADR 151290889 5730 135086 SH DEFINED 01 135086
CEMIG ADR ADR 204409601 319 10000 SH DEFINED 01 10000
CENDANT COM 151313103 2438 109000 SH DEFINED 01 109000
CENTERPOINT ENERGY COM 15189T107 1004 76000 SH DEFINED 01 76000
CENTEX COM 152312104 353 5000 SH DEFINED 01 5000
CHEVRON CORPORATION COM 166764100 12302 220000 SH DEFINED 01 220000
CHIRON COM 170040109 523 15000 SH DEFINED 01 15000
CHUBB COM 171232101 1712 20000 SH DEFINED 01 20000
CIENA COM 171779101 105 50000 SH DEFINED 01 50000
CIGNA COM 125509109 2890 27000 SH DEFINED 01 27000
CINERGY COM 172474108 986 22000 SH DEFINED 01 22000
CINTAS COM 172908105 811 21000 SH DEFINED 01 21000
CISCO SYS COM 17275R102 12746 667000 SH DEFINED 01 667000
CITIGRP COM 172967101 27723 599669 SH DEFINED 01 599669
CITIZENS COMMUNICATIONS COM 17453B101 712 53000 SH DEFINED 01 53000
CITRIX COM 177376100 433 20000 SH DEFINED 01 20000
CLEAR CHANNEL COMM COM 184502102 1701 55000 SH DEFINED 01 55000
COCA COLA COM 191216100 10438 250000 SH DEFINED 01 250000
COCA COLA ENTERPRISES COM 191219104 781 35500 SH DEFINED 01 35500
COHN & STEERS ETF COM 464287564 6693 94000 SH DEFINED 01 94000
COLGATE-PALMOLIVE COM 194162103 2795 56000 SH DEFINED 01 56000
COMERICA COM 200340107 1272 22000 SH DEFINED 01 22000
COMP ASSOC INTL COM 204912109 1511 55000 SH DEFINED 01 55000
COMPANHIA DE VALE RIODOCE ADR ADR 204412209 1318 45000 SH DEFINED 01 45000
COMPUTER SCIENCES COM 205363104 1311 30000 SH DEFINED 01 30000
COMVERSE TECHNOLGY COM 205862402 473 20000 SH DEFINED 01 20000
CONAGRA COM 205887102 1112 48000 SH DEFINED 01 48000
CONOCOPHILLIPS COM 20825C104 8750 152200 SH DEFINED 01 152200
CONSTELLATION ENERGY COM 210371100 1096 19000 SH DEFINED 01 19000
CORNING COM 219350105 2244 135000 SH DEFINED 01 135000
COSTCO WHOLESALE COM 22160K105 2017 45000 SH DEFINED 01 45000
COUNTRYWIDE FINANCIAL COM 222372104 2124 55000 SH DEFINED 01 55000
CSX COM 126408103 1024 24000 SH DEFINED 01 24000
CUMMINS ENGINE COM 231021106 373 5000 SH DEFINED 01 5000
CUTERA INC COM STK COM 232109108 349 20136 SH SOLE 20136
CVS COM 126650100 2907 100000 SH DEFINED 01 100000
DANAHER COM 235851102 1649 31500 SH DEFINED 01 31500
DEERE & CO COM 244199105 1703 26000 SH DEFINED 01 26000
DELL INC COM 24702R101 10431 264000 SH DEFINED 01 264000
DEVON ENERGY COM 25179M103 2534 50000 SH DEFINED 01 50000
DISNEY(WALT) COM 254687106 5917 235000 SH DEFINED 01 235000
DOLLAR GENERAL COM COM 256669102 1018 50000 SH DEFINED 01 50000
DOMINION RESOURCES COM 25746U109 2759 37600 SH DEFINED 01 37600
DOVER CORP COM 260003108 728 20000 SH DEFINED 01 20000
DOW CHEMICAL COM 260543103 4302 96600 SH DEFINED 01 96600
DSL.NET INC COM STK COM 262506108 234 2921050 SH SOLE 2921050
DTE ENERGY COM 233331107 655 14000 SH DEFINED 01 14000
DU PONT (EI) DE NEMOURS COM 263534109 4516 105000 SH DEFINED 01 105000
DUKE ENERGY COM 264399106 2839 95500 SH DEFINED 01 95500
EASTMAN KODAK COM 277461109 806 30000 SH DEFINED 01 30000
EATON CORP COM 278058102 940 15700 SH DEFINED 01 15700
EBAY COM 278642103 4357 132000 SH DEFINED 01 132000
ECOLAB INC COM 278865100 1294 40000 SH DEFINED 01 40000
EDISON INTERNATIONAL COM 281020107 1825 45000 SH DEFINED 01 45000
EL PASO COM 28336L109 864 75000 SH DEFINED 01 75000
ELECTRONIC ARTS COM 285512109 1698 30000 SH DEFINED 01 30000
ELECTRONIC DATA SYST COM COM 285661104 1001 52000 SH DEFINED 01 52000
EMC COM 268648102 3565 260000 SH DEFINED 01 260000
EMERSON ELEC COM 291011104 2505 40000 SH DEFINED 01 40000
ENGELHARD COM 292845104 428 15000 SH DEFINED 01 15000
ENTERGY COM 29364G103 1662 22000 SH DEFINED 01 22000
EOG RESOURCES COM 26875P101 2272 40000 SH DEFINED 01 40000
EXELON COM 30161N101 4363 85000 SH DEFINED 01 85000
EXPRESS SCRIPTS COM 302182100 800 16000 SH DEFINED 01 16000
EXXON MOBIL COM 30231G102 37499 652500 SH DEFINED 01 652500
FANNIE MAE COM 313586109 5986 102500 SH DEFINED 01 102500
FEDERATED DEPT STORES COM 31410H101 1466 20000 SH DEFINED 01 20000
FEDEX COM 31428X106 2633 32500 SH DEFINED 01 32500
FIFTH THIRD BANCORP COM 316773100 2473 60000 SH DEFINED 01 60000
FIRST DATA COM 319963104 3372 84000 SH DEFINED 01 84000
FIRST ENERGY COM 337932107 1636 34000 SH DEFINED 01 34000
FISERV COM 337738108 1074 25000 SH DEFINED 01 25000
FLUOR COM 343412102 518 9000 SH DEFINED 01 9000
FOMENTO MEXACDR(1B2DB2DL) COM 344419106 2383 40000 SH DEFINED 01 40000
FORD MOTOR (NEW) COM 345370860 1741 170000 SH DEFINED 01 170000
FOREST LABS COM 345838106 1379 35500 SH DEFINED 01 35500
FPL GROUP COM 302571104 1682 40000 SH DEFINED 01 40000
FRANKLIN RESOURCES COM 354613101 2155 28000 SH DEFINED 01 28000
FREDDIE MAC COM 313400301 4566 70000 SH DEFINED 01 70000
FREEPORT MCMORAN COPPER COM 35671D857 711 19000 SH DEFINED 01 19000
FREESCALE SEMI CONDUCTOR COM 35687M206 974 46000 SH DEFINED 01 46000
GANNETT COM 364730101 2490 35000 SH DEFINED 01 35000
GAP COM 364760108 1778 90000 SH DEFINED 01 90000
GEDEON RICHTER GDR GDR 368467205 3273 22000 SH DEFINED 01 22000
GENERAL DYNAMICS COM 369550108 2191 20000 SH DEFINED 01 20000
GENERAL ELECTRIC COM 369604103 38115 1100000 SH DEFINED 01 1100000
GENERAL MILLS COM 370334104 2340 50000 SH DEFINED 01 50000
GENERAL MOTORS COM COM 370442105 1615 47500 SH DEFINED 01 47500
GENUINE PARTS COM 372460105 1151 28000 SH DEFINED 01 28000
GENZYME COM 372917104 1502 25000 SH DEFINED 01 25000
GEORGIA PACIFIC COM 373298108 1145 36000 SH DEFINED 01 36000
GERDAU - ADR ADR 373737105 146 15000 SH DEFINED 01 15000
GILEAD SCIENCES COM 375558103 2375 54000 SH DEFINED 01 54000
GILLETTE COM 375766102 5063 100000 SH DEFINED 01 100000
GOLDEN WEST FINL COM 381317106 2575 40000 SH DEFINED 01 40000
GOLDMAN SACHS COM 38141G104 5713 56000 SH DEFINED 01 56000
GPO CARSO ADR (2 A1) ADR 400485207 1110 300000 SH DEFINED 01 300000
GPO TELE GDR (2 PTG CERT) GDR 40049J206 2794 45000 SH DEFINED 01 45000
GRAINGER WW INC COM 384802104 794 14500 SH DEFINED 01 14500
GUIDANT SHS COM 401698105 2154 32000 SH DEFINED 01 32000
H & R BLOCK COM 093671105 1050 18000 SH DEFINED 01 18000
HALLIBURTON COM 406216101 3108 65000 SH DEFINED 01 65000
HARLEY DAVIDSON COM 412822108 1910 38500 SH DEFINED 01 38500
HARRAH'S ENTERTAINMENT COM 413619107 829 11500 SH DEFINED 01 11500
HARTFORD FINL SERV COM 416515104 2243 30000 SH DEFINED 01 30000
HASBRO COM 418056107 416 20000 SH DEFINED 01 20000
HCA COM 404119109 2805 49500 SH DEFINED 01 49500
HEALTH MANAGEMENT ASSOCIATES COM 421933102 785 30000 SH DEFINED 01 30000
HEINZ (HJ) COM 423074103 1860 52500 SH DEFINED 01 52500
HELLENIC TELE ADR (OTE) ADR 423325307 268 27778 SH DEFINED 01 27778
HERSHEY COMPANY COM 427866108 1739 28000 SH DEFINED 01 28000
HEWLETT PACKARD COM 428236103 7218 307000 SH DEFINED 01 307000
HILTON HOTELS COM 432848109 1193 50000 SH DEFINED 01 50000
HOME DEPOT COM 437076102 9725 250000 SH DEFINED 01 250000
HONEYWELL INTL COM $US1 COM 438516106 3535 96500 SH DEFINED 01 96500
HOSPIRA COM 441060100 644 16500 SH DEFINED 01 16500
ILLINOIS TOOL WKS COM 452308109 2470 31000 SH DEFINED 01 31000
IMS HEALTH COM 449934108 743 30000 SH DEFINED 01 30000
INGERSOLL RAND CL A COM G4776G101 1712 24000 SH DEFINED 01 24000
INTEL COM 458140100 16874 647500 SH DEFINED 01 647500
INTERMIX MEDIA INC COM STK COM 45881X106 434 51800 SH SOLE 51800
INTERNATIONAL GAME TECHNOLOGY COM 459902102 282 10000 SH DEFINED 01 10000
INTERNATIONAL PAPER COM 460146103 1873 62000 SH DEFINED 01 62000
INTL BUSINESS MACHN COM 459200101 12132 163500 SH DEFINED 01 163500
INTUIT COM 461202103 902 20000 SH DEFINED 01 20000
IONA TECH ADR (1 ORD) ADR 46206P109 198 65000 SH DEFINED 01 65000
ITT INDUSTRIES COM 450911102 1953 20000 SH DEFINED 01 20000
JABIL CIRCUIT COM 466313103 1076 35000 SH DEFINED 01 35000
JC PENNEY COM 708160106 1367 26000 SH DEFINED 01 26000
JDS UNIPHASE COM 46612J101 213 140000 SH DEFINED 01 140000
JOHNSON & JOHNSON COM 478160104 20150 310000 SH DEFINED 01 310000
JOHNSON CONTROLS COM 478366107 1690 30000 SH DEFINED 01 30000
JP MORGAN CHASE COM COM 46625H100 12641 357900 SH DEFINED 01 357900
KB HOME COM 48666K109 762 10000 SH DEFINED 01 10000
KELLOGG COM 487836108 2222 50000 SH DEFINED 01 50000
KERR MCGEE COM 492386107 916 12000 SH DEFINED 01 12000
KEYCORP COM 493267108 1492 45000 SH DEFINED 01 45000
KIMBERLY CLARK COM COM 494368103 3004 48000 SH DEFINED 01 48000
KLA TENCOR COM 482480100 918 21000 SH DEFINED 01 21000
KOHLS COM 500255104 2404 43000 SH DEFINED 01 43000
KROGER COM 501044101 1465 77000 SH DEFINED 01 77000
L-3 COMMUNICATIONS COM 502424104 919 12000 SH DEFINED 01 12000
LEHMAN BROS HDG COM 524908100 3574 36000 SH DEFINED 01 36000
LEXMARK INTERNATIONAL COM 529771107 869 13400 SH DEFINED 01 13400
LILLY(ELI) & CO COM 532457108 6407 115000 SH DEFINED 01 115000
LIMITED COM 532716107 1071 50000 SH DEFINED 01 50000
LINCOLN NATIONAL COM COM 534187109 938 20000 SH DEFINED 01 20000
LINEAR TECHNOLOGY COM 535678106 1284 35000 SH DEFINED 01 35000
LOCKHEED MARTIN COM COM 539830109 2660 41000 SH DEFINED 01 41000
LOUISIANA PACIFIC COM 546347105 676 27500 SH DEFINED 01 27500
LOWES COM 548661107 6113 105000 SH DEFINED 01 105000
LSI LOGIC COM 502161102 382 45000 SH DEFINED 01 45000
LUCENT TECH COM 549463107 1339 460000 SH DEFINED 01 460000
M&T BANK COM 55261F104 1577 15000 SH DEFINED 01 15000
MARATHON OIL COM 565849106 2402 45000 SH DEFINED 01 45000
MARRIOTT INTERNATIONAL COM 571903202 2729 40000 SH DEFINED 01 40000
MARSHALL & ISLEY COM 571834100 1334 30000 SH DEFINED 01 30000
MASCO COM 574599106 1429 45000 SH DEFINED 01 45000
MATTEL COM 577081102 732 40000 SH DEFINED 01 40000
MAXIM INTEGRATED COM 57772K101 1261 33000 SH DEFINED 01 33000
MBIA INC COM 55262C100 890 15000 SH DEFINED 01 15000
MBNA COM 55262L100 3401 130000 SH DEFINED 01 130000
McCORMICK COM 579780206 490 15000 SH DEFINED 01 15000
MCDONALDS COM 580135101 4024 145000 SH DEFINED 01 145000
MCGRAW HILL COM 580645109 2036 46000 SH DEFINED 01 46000
MCKESSON COM 58155Q103 1568 35000 SH DEFINED 01 35000
MEDCO COM 58405U102 1494 28000 SH DEFINED 01 28000
MEDIMMUNE COM 584699102 655 24500 SH DEFINED 01 24500
MEDTRONIC COM 585055106 6370 123000 SH DEFINED 01 123000
MELLON FINANCIAL COM 58551A108 1219 42500 SH DEFINED 01 42500
MERCK COM 589331107 7007 227500 SH DEFINED 01 227500
MERCURY INTERACTIVE COM 589405109 633 16500 SH DEFINED 01 16500
MERRILL LYNCH COM 590188108 4978 90500 SH DEFINED 01 90500
MET LIFE COM 59156R108 4359 97000 SH DEFINED 01 97000
MICRON TECHNOLOGY COM 595112103 633 62000 SH DEFINED 01 62000
MICROSOFT COM 594918104 26032 1048000 SH DEFINED 01 1048000
MOLEX COM 608554101 521 20000 SH DEFINED 01 20000
MONSANTO COM 61166W101 1729 27500 SH DEFINED 01 27500
MONSTER WORLDWIDE COM 611742107 373 13000 SH DEFINED 01 13000
MOODY'S COM COM 615369105 2922 65000 SH DEFINED 01 65000
MORGAN ST DEAN WIT COM 617446448 5877 112000 SH DEFINED 01 112000
MOTOROLA COM 620076109 4583 251000 SH DEFINED 01 251000
NATIONAL CITY CORP COM 635405103 2218 65000 SH DEFINED 01 65000
NATL SEMICONDUCTOR COM 637640103 804 36500 SH DEFINED 01 36500
NATUZZI ADR (1 ORD) ADR 63905A101 1476 181340 SH DEFINED 01 181340
NETWORK APPL COM 64120L104 1046 37000 SH DEFINED 01 37000
NEWELL RUBBERMAID COM 651229106 715 30000 SH DEFINED 01 30000
NEWMONT MINING COM 651639106 2537 65000 SH DEFINED 01 65000
NEWS CORP - ORD COM 6524BE104 5935 352000 SH DEFINED 01 352000
NEXTEL COMMS CL A COM 65332V103 3651 113000 SH DEFINED 01 113000
NIKE B COM 654106103 2165 25000 SH DEFINED 01 25000
NOBLE CORP COM G65422100 1692 27500 SH DEFINED 01 27500
NORFOLK SOUTHERN COM 655844108 1393 45000 SH DEFINED 01 45000
NORTH FORK BANCORP COM 659424105 2760 98250 SH DEFINED 01 98250
NORTHERN TRUST COM 665859104 1368 30000 SH DEFINED 01 30000
NORTHROP GRUMMAN COM 666807102 1989 36000 SH DEFINED 01 36000
NOVELL COM 670006105 223 36000 SH DEFINED 01 36000
NOVELLUS SYSTEMS COM 670008101 371 15000 SH DEFINED 01 15000
NUCOR COM 670346105 1141 25000 SH DEFINED 01 25000
OCCIDENTAL PETROLEUM COM 674599105 4231 55000 SH DEFINED 01 55000
OMNICOM GRP COM 681919106 1765 22100 SH DEFINED 01 22100
ORACLE COM 68389X105 6468 490000 SH DEFINED 01 490000
ORBOTECH COM COM M75253100 1343 62500 SH DEFINED 01 62500
P G & E COM 69331C108 1971 52500 SH DEFINED 01 52500
PARKER HANNIFIN COM 701094104 620 10000 SH DEFINED 01 10000
PAYCHEX COM 704326107 1188 36500 SH DEFINED 01 36500
PEPSI BOTTLING GROUP COM 713409100 715 25000 SH DEFINED 01 25000
PEPSICO CAP COM 713448108 10915 202400 SH DEFINED 01 202400
PETROBAS 'A' - ADR ADR 71654V408 2476 47500 SH DEFINED 01 47500
PFIZER COM 717081103 21507 779800 SH DEFINED 01 779800
PHELPS DODGE COM COM 717265102 925 10000 SH DEFINED 01 10000
PHOENIX COMPANIES COM 71902E109 1212 101817 SH SOLE 101817
PITNEY BOWES COM 724479100 1089 25000 SH DEFINED 01 25000
PIXELWORKS INC COM STK COM 72581M107 143 16625 SH SOLE 16625
PPG INDUSTRIES COM 693506107 1255 20000 SH DEFINED 01 20000
PPL COM 69351T106 1188 20000 SH DEFINED 01 20000
PRAXAIR COM 74005P104 1538 33000 SH DEFINED 01 33000
PRINCIPAL FINANCIAL GROUP COM 74251V102 1467 35000 SH DEFINED 01 35000
PROCTER & GAMBLE COM 742718109 16089 305000 SH DEFINED 01 305000
PROGRESS ENERGY COM 743263105 905 20000 SH DEFINED 01 20000
PROGRESSIVE CORP COM 743315103 1976 20000 SH DEFINED 01 20000
PROKOM SOFT GDR REGS GDR 743394207 509 35000 SH DEFINED 01 35000
PRUDENTIAL FINANCIAL COM 744320102 4531 69000 SH DEFINED 01 69000
PUBLIC SERVICE ENT COM 744573106 1490 24500 SH DEFINED 01 24500
PULTE HOME COM 745867101 1095 13000 SH DEFINED 01 13000
QLOGIC COM 747277101 463 15000 SH DEFINED 01 15000
QUALCOMM COM 747525103 5612 170000 SH DEFINED 01 170000
QUEST DIAGNOSTICS COM 74834L100 1119 21000 SH DEFINED 01 21000
QWEST COMMS INTL COM 749121109 686 185000 SH DEFINED 01 185000
RADIOSHACK COM 750438103 371 16000 SH DEFINED 01 16000
RAYTHEON COM 755111507 1956 50000 SH DEFINED 01 50000
ROBERT HALF COM 770323103 599 24000 SH DEFINED 01 24000
ROC TAIWAN FUND SBI COM 874037104 679 132882 SH DEFINED 01 132882
ROCKWELL AUTOMATION COM 773903109 974 20000 SH DEFINED 01 20000
ROCKWELL COLLINS COM 774341101 954 20000 SH DEFINED 01 20000
ROHM & HAAS COM 775371107 1622 35000 SH DEFINED 01 35000
RR DONNELLEY & SONS COM 257867101 759 22000 SH DEFINED 01 22000
SAFEWAY COM 786514208 1017 45000 SH DEFINED 01 45000
SANMINA-SCI CORPORATION COM 800907107 301 55000 SH DEFINED 01 55000
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