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,
2006

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:

Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95054-1549

Form 13F File Number:  28-04527

Person Signing this Report on Behalf of Reporting Manager:

Cary  Klafter, Vice President, Legal and Government Affairs,  and
Corporate Secretary, (408) 765-1215

   ATTENTION--Intentional misstatements or omissions of facts
 constitute Federal Criminal Violations.  See 18 U.S.C. 1001 and
                        15 U.S.C. 78ff(a)

The  institutional investment manager filing this report and  the
person  by  whom  it is signed hereby represent that  the  person
signing  the  report  is  authorized  to  submit  it,  that   all
information  contained herein is true, correct and complete,  and
that  it  is  understood  that  all required  items,  statements,
schedules,  lists, and tables, are considered integral  parts  of
this form.

Signature, Place and Date of Signing:

/s/ Cary Klafter                 Santa Clara, California
                                 November 16, 2006
Report Type (Check only one):

[X]  13F  HOLDINGS REPORT.  (Check here if all holdings  of  this
     reporting manager are reported in this report.)

[ ]  13F NOTICE.  (Check here if no holdings reported are in this
     report,  and  all  holdings are reported by other  reporting
     manager(s).)

[ ]  13F  COMBINATION REPORT.  (Check here if a  portion  of  the
     holdings  for  this reporting manager are reported  in  this
     report and a portion are reported by other manager(s).)




                       Form 13F SUMMARY PAGE

              REPORTING MANAGER:  INTEL CORPORATION

Report Summary:

Number of Other Included Managers:    1

Form   13F  Information  Table  Entry 401
Total:

Form   13F  Information  Table  Value $409,270,000
Total:



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.

1.        Intel Capital Corporation




                                                                                                               9/30/06
                           FORM 13F INFORMATION TABLE
                      REPORTING MANAGER:  INTEL CORPORATION


                                                       ITEM 4:   ITEM 5:
                                                        FAIR      SHARES                                        ITEM 8:
                                  ITEM 2:   ITEM 3:    MARKET       OR          ITEM 6:                     VOTING AUTHORITY
            ITEM 1:               TITLE OF   CUSIP      VALUE   PRINCIPAL SH/ INVESTMENT     ITEM 7:      (A)       (B)     (C)
         NAME OF ISSUER            CLASS     NUMBER     (000)     AMOUNT  PRN DISCRETION    MANAGERS     SOLE     SHARED    NONE
                                                                                                
3M CO                            COM        88579Y101       1,935    26,000  SH    SOLE                      26,000
ABBOTT LABS                      COM        002824100       2,571    52,944  SH    SOLE                      52,944
ACE LTD                          COM        G0070K103         608    11,100  SH    SOLE                      11,100
ADOBE SYS INC                    COM        00724F101         775    20,700  SH    SOLE                      20,700
ADVANCED MICRO DEVICES INC       COM        007903107         411    16,550  SH    SOLE                      16,550
AES CORP                         COM        00130H105         460    22,550  SH    SOLE                      22,550
AETNA INC                        COM        00817Y108         773    19,556  SH    SOLE                      19,556
AFFILIATED COMPUTER SVCS INC     COM        008190100         207     4,000  SH    SOLE                       4,000
AFLAC INC                        COM        001055102         785    17,150  SH    SOLE                      17,150
AGILENT TECHNOLOGIES INC         COM        00846U101         483    14,778  SH    SOLE                      14,778
AIR PRODS & CHEMS INC            COM        009158106         511     7,700  SH    SOLE                       7,700
ALCOA INC                        COM        013817101         843    30,052  SH    SOLE                      30,052
ALLEGHENY ENERGY INC             COM        017361106         225     5,600  SH    SOLE                       5,600
ALLERGAN INC                     COM        018490102         586     5,200  SH    SOLE                       5,200
ALLSTATE CORP                    COM        020002101       1,391    22,180  SH    SOLE                      22,180
ALLTEL CORP                      COM        020039103         744    13,400  SH    SOLE                      13,400
ALTERA CORP                      COM        021441100         228    12,400  SH    SOLE                      12,400
ALTRIA GROUP INC                 COM        02209S103       5,500    71,849  SH    SOLE                      71,849
AMAZON.COM INC                   COM        023135106         340    10,600  SH    SOLE                      10,600
AMBAC FINANCIAL GROUP INC        COM        023139108         298     3,600  SH    SOLE                       3,600
AMEREN CORP                      COM        023608102         370     7,000  SH    SOLE                       7,000
AMERICAN ELEC PWR INC            COM        025537101         494    13,582  SH    SOLE                      13,582
AMERICAN EXPRESS CO              COM        025816109       2,392    42,650  SH    SOLE                      42,650
AMERICAN INTL GROUP INC          COM        026874107       5,920    89,343  SH    SOLE                      89,343
AMERICAN STD COS INC             COM        029712106         256     6,100  SH    SOLE                       6,100
AMERIPRISE FINL INC              COM        03076C106         407     8,670  SH    SOLE                       8,670
AMERISOURCEBERGEN CORP           COM        03073E105         325     7,200  SH    SOLE                       7,200
AMGEN INC                        COM        031162100       2,878    40,235  SH    SOLE                      40,235
AMSOUTH BANCORPORATION           COM        032165102         346    11,900  SH    SOLE                      11,900
ANADARKO PETE CORP               COM        032511107         692    15,786  SH    SOLE                      15,786
ANALOG DEVICES INC               COM        032654105         370    12,600  SH    SOLE                      12,600
ANHEUSER BUSCH COS INC           COM        035229103       1,269    26,700  SH    SOLE                      26,700



AON CORP                         COM        037389103         374    11,056  SH    SOLE                      11,056
APACHE CORP                      COM        037411105         720    11,388  SH    SOLE                      11,388
APOLLO GROUP INC                 COM        037604105         236     4,800  SH    SOLE                       4,800
APPLE COMPUTER INC               COM        037833100       2,256    29,300  SH    SOLE                      29,300
APPLERA CORP                     COM     AP 038020103         209     6,300  SH    SOLE                       6,300
                                BIO GRP
APPLIED MATLS INC                COM        038222105         968    54,600  SH    SOLE                      54,600
APPLIED MICRO CIRCUITS CORP CD   COM        03822W109          29    10,100  SH    SOLE                      10,100
ARCHER DANIELS MIDLAND CO        COM        039483102         851    22,467  SH    SOLE                      22,467
ARCHSTONE SMITH TR               COM        039583109         397     7,300  SH    SOLE                       7,300
AT & T INC                       COM        00206R102       4,350   133,610  SH    SOLE                     133,610
AUTODESK INC                     COM        052769106         275     7,900  SH    SOLE                       7,900
AUTOMATIC DATA PROCESSING INC    COM        053015103         947    20,002  SH    SOLE                      20,002
AVAYA INC                        COM        053499109         164    14,321  SH    SOLE                      14,321
AVERY DENNISON CORP              COM        053611109         229     3,800  SH    SOLE                       3,800
AVOCENT CORP                     COM        053893103           0        12  SH   DEFINED              1                  12
AVOCENT CORP                     COM        053893103       9,529   316,369  SH    SOLE
AVON PRODS INC                   COM        054303102         476    15,528  SH    SOLE                      15,528
BAKER HUGHES INC                 COM        057224107         802    11,760  SH    SOLE                      11,760
BANK NEW YORK INC                COM        064057102         936    26,540  SH    SOLE                      26,540
BANK OF AMERICA CORP             COM        060505104       8,568   159,938  SH    SOLE                     159,938
BARD C R INC                     COM        067383109         270     3,600  SH    SOLE                       3,600
BAXTER INTL INC                  COM        071813109       1,016    22,340  SH    SOLE                      22,340
BB&T CORP                        COM        054937107         806    18,400  SH    SOLE                      18,400
BEAR STEARNS COS INC             COM        073902108         571     4,074  SH    SOLE                       4,074
BECTON DICKINSON & CO            COM        075887109         601     8,500  SH    SOLE                       8,500
BED BATH & BEYOND INC            COM        075896100         371     9,700  SH    SOLE                       9,700
BELLSOUTH CORP                   COM        079860102       2,645    61,882  SH    SOLE                      61,882
BEST BUY INC                     COM        086516101         753    14,050  SH    SOLE                      14,050
BIOGEN IDEC INC                  COM        09062X103         531    11,875  SH    SOLE                      11,875
BIOMET INC                       COM        090613100         275     8,550  SH    SOLE                       8,550
BJ SVCS CO                       COM        055482103         337    11,200  SH    SOLE                      11,200
BLACK & DECKER CORP              COM        091797100         214     2,700  SH    SOLE                       2,700



BLOCK H & R INC                  COM        093671105         246    11,300  SH    SOLE                      11,300
BOEING CO                        COM        097023105       2,170    27,515  SH    SOLE                      27,515
BOSTON PPTYS INC                 COM        101121101         320     3,100  SH    SOLE                       3,100
BOSTON SCIENTIFIC CORP           COM        101137107         586    39,650  SH    SOLE                      39,650
BRISTOL MYERS SQUIBB CO          COM        110122108       1,681    67,446  SH    SOLE                      67,446
BROADCOM CORP                    COM        111320107         460    15,150  SH    SOLE                      15,150
BROWN FORMAN CORP                CL B       115637209         222     2,900  SH    SOLE                       2,900
BURLINGTON NORTH SANTA FE CORP   COM        12189T104         945    12,867  SH    SOLE                      12,867
CA INC                           COM        12673P105         372    15,699  SH    SOLE                      15,699
CAMPBELL SOUP CO                 COM        134429109         230     6,300  SH    SOLE                       6,300
CAPITAL ONE FINL CORP            COM        14040H105         818    10,400  SH    SOLE                      10,400
CARDINAL HEALTH INC              COM        14149Y108         957    14,550  SH    SOLE                      14,550
CAREMARK RX INC                  COM        141705103         873    15,400  SH    SOLE                      15,400
CARNIVAL CORP                    PAIRED     143658300         701    14,900  SH    SOLE                      14,900
                                CTF
CATERPILLAR INC                  COM        149123101       1,519    23,080  SH    SOLE                      23,080
CBS CORP                         CL B       124857202         750    26,613  SH    SOLE                      26,613
CENTERPOINT ENERGY INC           COM        15189T107         154    10,723  SH    SOLE                      10,723
CENTEX CORP                      COM        152312104         221     4,200  SH    SOLE                       4,200
CHESAPEAKE ENERGY CORP           COM        165167107         374    12,900  SH    SOLE                      12,900
CHEVRON CORPORATION              COM        166764100       4,969    76,616  SH    SOLE                      76,616
CHUBB CORP                       COM        171232101         717    13,800  SH    SOLE                      13,800
CIGNA CORP                       COM        125509109         489     4,200  SH    SOLE                       4,200
CINCINNATI FINL CORP             COM        172062101         288     5,982  SH    SOLE                       5,982
CISCO SYS INC                    COM        17275R102       4,861   211,518  SH    SOLE                     211,518
CIT GROUP INC                    COM        125581108         336     6,900  SH    SOLE                       6,900
CITIGROUP INC                    COM        172967101       8,533   171,793  SH    SOLE                     171,793
CITIZENS COMMUNICATIONS CO       CL B       17453B101         159    11,300  SH    SOLE                      11,300
CITRIX SYS INC                   COM        177376100         221     6,100  SH    SOLE                       6,100
CLEAR CHANNEL COMMUNICATIONS     COM        184502102         514    17,800  SH    SOLE                      17,800
CLOROX CO                        COM        189054109         328     5,200  SH    SOLE                       5,200
COACH INC                        COM        189754104         454    13,200  SH    SOLE                      13,200
COCA COLA CO                     COM        191216100       3,168    70,908  SH    SOLE                      70,908



COCA COLA ENTERPRISES INC        COM        191219104         217    10,400  SH    SOLE                      10,400
COLGATE PALMOLIVE CO             COM        194162103       1,099    17,700  SH    SOLE                      17,700
COMCAST CORP                     COM        20030N101       2,716    73,599  SH    SOLE                      73,599
COMERICA INC                     COM        200340107         319     5,600  SH    SOLE                       5,600
COMPASS BANCSHARES INC           COM        20449H109         245     4,300  SH    SOLE                       4,300
COMPUTER SCIENCES CORP           COM        205363104         314     6,400  SH    SOLE                       6,400
COMPUWARE CORP                   COM        205638109         103    13,200  SH    SOLE                      13,200
CONAGRA FOODS INC                COM        205887102         438    17,900  SH    SOLE                      17,900
CONOCOPHILLIPS                   COM        20825C104       3,382    56,819  SH    SOLE                      56,819
CONSOLIDATED EDISON INC          COM        209115104         393     8,500  SH    SOLE                       8,500
CONSTELLATION ENGY GRP INC       COM        210371100         361     6,100  SH    SOLE                       6,100
COOPER INDUSTRIES LTD            COM        G24182100         273     3,200  SH    SOLE                       3,200
CORNING INC                      COM        219350105       1,300    53,250  SH    SOLE                      53,250
COSTCO WHSL CORP                 COM        22160K105         810    16,300  SH    SOLE                      16,300
COUNTRYWIDE FINANCIAL CORP       COM        222372104         729    20,798  SH    SOLE                      20,798
COVENTRY HEALTH CARE INC         COM        222862104         283     5,500  SH    SOLE                       5,500
CSX CORP                         COM        126408103         499    15,200  SH    SOLE                      15,200
CVS CORP                         COM        126650100         903    28,100  SH    SOLE                      28,100
D R HORTON INC                   COM        23331A109         225     9,400  SH    SOLE                       9,400
DANAHER CORP                     COM        235851102         563     8,200  SH    SOLE                       8,200
DEERE & CO                       COM        244199105         688     8,200  SH    SOLE                       8,200
DELL INC                         COM        24702R101       1,851    81,050  SH    SOLE                      81,050
DEVON ENERGY CORP                COM        25179M103         960    15,200  SH    SOLE                      15,200
DISNEY WALT CO                   COM        254687106       2,050    66,312  SH    SOLE                      66,312
DOLLAR GEN CORP                  COM        256669102         149    10,918  SH    SOLE                      10,918
DOMINION RES INC VA              COM        25746U109         917    11,984  SH    SOLE                      11,984
DONNELLEY R R & SONS CO          COM        257867101         244     7,400  SH    SOLE                       7,400
DOVER CORP                       COM        260003108         332     7,000  SH    SOLE                       7,000
DOW CHEM CO                      COM        260543103       1,298    33,293  SH    SOLE                      33,293
DTE ENERGY CO                    COM        233331107         253     6,100  SH    SOLE                       6,100
DU PONT E I DE NEMOURS & CO      COM        263534109       1,356    31,650  SH    SOLE                      31,650
DUKE ENERGY CORP                 COM        26441C105       1,288    42,662  SH    SOLE                      42,662



DYNEGY INC                       COM        26816Q101          57    10,350  SH    SOLE                      10,350
E TRADE FINANCIAL CORP           COM        269246104         344    14,400  SH    SOLE                      14,400
EASTMAN KODAK CO                 COM        277461109         221     9,850  SH    SOLE                       9,850
EATON CORP                       COM        278058102         351     5,100  SH    SOLE                       5,100
EBAY INC                         COM        278642103       1,126    39,700  SH    SOLE                      39,700
ECOLAB INC                       COM        278865100         270     6,300  SH    SOLE                       6,300
EDISON INTL                      COM        281020107         466    11,200  SH    SOLE                      11,200
EL PASO CORP                     COM        28336L109         310    22,714  SH    SOLE                      22,714
ELECTRONIC ARTS                  COM        285512109         586    10,500  SH    SOLE                      10,500
ELECTRONIC DATA SYS CORP         COM        285661104         434    17,700  SH    SOLE                      17,700
EMBARQ CORP                      COM        29078E105         247     5,109  SH    SOLE                       5,109
EMC CORP MASS                    COM        268648102         980    81,804  SH    SOLE                      81,804
EMCORE CORP                      COM        290846104         175    29,611  SH   DEFINED              1
                                                                                                                 29,611
EMERSON ELEC CO                  COM        291011104       1,187    14,150  SH    SOLE                      14,150
ENTERGY CORP                     COM        29364G103         563     7,200  SH    SOLE                       7,200
EOG RES INC                      COM        26875P101         546     8,400  SH    SOLE                       8,400
EQUITY OFFICE PPTYS TR           COM        294741103         509    12,800  SH    SOLE                      12,800
EQUITY RESIDENTIAL               SH     BEN 29476L107         503     9,950  SH    SOLE                       9,950
                                INT
EXELON CORP                      COM        30161N101       1,392    23,000  SH    SOLE                      23,000
EXPRESS SCRIPTS INC              COM        302182100         377     5,000  SH    SOLE                       5,000
EXXON MOBIL CORP                 COM        30231G102      14,093   210,025  SH    SOLE                     210,025
FANNIE MAE                       COM        313586109       1,865    33,350  SH    SOLE                      33,350
FEDERATED DEPT STORES INC        COM        31410H101         810    18,738  SH    SOLE                      18,738
FEDEX CORP                       COM        31428X106       1,141    10,500  SH    SOLE                      10,500
FIFTH THIRD BANCORP              COM        316773100         727    19,092  SH    SOLE                      19,092
FIRST DATA CORP                  COM        319963104       1,110    26,429  SH    SOLE                      26,429
FIRSTENERGY CORP                 COM        337932107         637    11,400  SH    SOLE                      11,400
FISERV INC                       COM        337738108         301     6,400  SH    SOLE                       6,400
FISHER SCIENTIFIC INTL INC       COM        338032204         329     4,200  SH    SOLE                       4,200
FLUOR CORP                       COM        343412102         231     3,000  SH    SOLE                       3,000
FORD MTR CO DEL                  COM    PAR 345370860         519    64,215  SH    SOLE                      64,215
                                $0.01
FOREST LABS INC                  COM        345838106         567    11,200  SH    SOLE                      11,200



FORTUNE BRANDS INC               COM        349631101         382     5,086  SH    SOLE                       5,086
FPL GROUP INC                    COM        302571104         626    13,900  SH    SOLE                      13,900
FRANKLIN RES INC                 COM        354613101         560     5,300  SH    SOLE                       5,300
FREDDIE MAC CORP                 COM        313400301       1,577    23,782  SH    SOLE                      23,782
FREEPORT MCMORAN COPPER B        COM        35671D857         339     6,361  SH    SOLE                       6,361
FREESCALE SEMICONDUCTOR INC      CL B       35687M206         536    14,106  SH    SOLE                      14,106
GANNETT INC                      COM        364730101         466     8,200  SH    SOLE                       8,200
GAP INC                          COM        364760108         374    19,725  SH    SOLE                      19,725
GENERAL DYNAMICS CORP            COM        369550108         989    13,800  SH    SOLE                      13,800
GENERAL ELEC CO                  COM        369604103      12,658   358,584  SH    SOLE                     358,584
GENERAL MLS INC                  COM        370334104         696    12,300  SH    SOLE                      12,300
GENERAL MTRS CORP                COM        370442105         648    19,474  SH    SOLE                      19,474
GENUINE PARTS CO                 COM        372460105         257     5,950  SH    SOLE                       5,950
GENWORTH FINL INC                COM        37247D106         455    13,000  SH    SOLE                      13,000
GENZYME CORP                     COM        372917104         600     8,900  SH    SOLE                       8,900
GILEAD SCIENCES INC              COM        375558103       1,093    15,900  SH    SOLE                      15,900
GOLDEN WEST FINL CORP            COM        381317106         680     8,800  SH    SOLE                       8,800
GOLDMAN SACHS GROUP INC          COM        38141G104       2,538    15,000  SH    SOLE                      15,000
GOOGLE INC                       COM        38259P508       2,813     7,000  SH    SOLE                       7,000
HALLIBURTON CO                   COM        406216101       1,013    35,600  SH    SOLE                      35,600
HARLEY DAVIDSON INC              COM        412822108         590     9,400  SH    SOLE                       9,400
HARRAHS ENTMT INC                COM        413619107         419     6,300  SH    SOLE                       6,300
HARTFORD FINL SVCS GROUP INC     COM        416515104         902    10,400  SH    SOLE                      10,400
HCA INC                          COM        404119109         701    14,050  SH    SOLE                      14,050
HEINZ H J CO                     COM        423074103         482    11,500  SH    SOLE                      11,500
HERSHEY COMPANY                  COM        427866108         331     6,200  SH    SOLE                       6,200
HESS CORP                        COM        42809H107         348     8,400  SH    SOLE                       8,400
HEWLETT PACKARD CO               COM        428236103       3,574    97,416  SH    SOLE                      97,416
HILTON HOTELS CORP               COM        432848109         315    11,300  SH    SOLE                      11,300
HOME DEPOT INC                   COM        437076102       2,653    73,150  SH    SOLE                      73,150
HONEYWELL INTL INC               COM        438516106       1,168    28,557  SH    SOLE                      28,557
HOSPIRA INC                      COM        441060100         213     5,554  SH    SOLE                       5,554



HUMANA INC                       COM        444859102         370     5,600  SH    SOLE                       5,600
HUNTINGTON BANCSHARES INC        COM        446150104         205     8,546  SH    SOLE                       8,546
IBM CORP                         COM        459200101       4,418    53,918  SH    SOLE                      53,918
ILLINOIS TOOL WKS INC            COM        452308109         638    14,200  SH    SOLE                      14,200
INGERSOLL-RAND COMPANY LTD       COM        G4776G101         429    11,300  SH    SOLE                      11,300
INTERNATIONAL GAME TECHNOLOGY    COM        459902102         481    11,600  SH    SOLE                      11,600
INTERNATIONAL PAPER CO           COM        460146103         586    16,916  SH    SOLE                      16,916
INTERPUBLIC GROUP COS INC        COM        460690100         147    14,844  SH    SOLE                      14,844
INTUIT                           COM        461202103         391    12,200  SH    SOLE                      12,200
ITT CORP                         COM        450911102         328     6,400  SH    SOLE                       6,400
JC PENNEY CO INC                 COM        708160106         549     8,028  SH    SOLE                       8,028
JDS UNIPHASE CORP                COM        46612J101         126    57,700  SH    SOLE                      57,700
JOHNSON & JOHNSON                COM        478160104       6,654   102,466  SH    SOLE                     102,466
JOHNSON CTLS INC                 COM        478366107         481     6,700  SH    SOLE                       6,700
JPMORGAN CHASE & CO              COM        46625H100       5,637   120,044  SH    SOLE                     120,044
KELLOGG CO                       COM        487836108         430     8,680  SH    SOLE                       8,680
KEYCORP                          COM        493267108         524    13,984  SH    SOLE                      13,984
KEYSPAN CORP                     COM        49337W100         247     6,000  SH    SOLE                       6,000
KIMBERLY CLARK CORP              COM        494368103       1,039    15,900  SH    SOLE                      15,900
KIMCO RLTY CORP                  COM        49446R109         313     7,300  SH    SOLE                       7,300
KINDER MORGAN INC KANS           COM        49455P101         377     3,600  SH    SOLE                       3,600
KLA TENCOR CORP                  COM        482480100         307     6,900  SH    SOLE                       6,900
KOHLS CORP                       COM        500255104         773    11,900  SH    SOLE                      11,900
KROGER CO                        COM        501044101         577    24,950  SH    SOLE                      24,950
L-3 COMMUNICATIONS HLDGS INC     COM        502424104         329     4,200  SH    SOLE                       4,200
LABORATORY CORP AMER HLDGS       COM        50540R409         282     4,300  SH    SOLE                       4,300
LEGG MASON INC                   COM        524901105         434     4,300  SH    SOLE                       4,300
LEHMAN BROS HLDGS INC            COM        524908100       1,374    18,600  SH    SOLE                      18,600
LENNAR CORP                      COM        526057104         213     4,700  SH    SOLE                       4,700
LEXMARK INTERNATIONAL INC        COM        529771107         213     3,700  SH    SOLE                       3,700
LILLY ELI & CO                   COM        532457108       2,220    38,950  SH    SOLE                      38,950
LIMITED BRANDS INC               COM        532716107         318    12,006  SH    SOLE                      12,006



LINCOLN NATL CORP IND            COM        534187109         608     9,800  SH    SOLE                       9,800
LINEAR TECHNOLOGY CORP           COM        535678106         327    10,500  SH    SOLE                      10,500
LOCKHEED MARTIN CORP             COM        539830109       1,062    12,344  SH    SOLE                      12,344
LOEWS CORP                       COM        540424108         534    14,100  SH    SOLE                      14,100
LOWES COS INC                    COM        548661107       1,510    53,800  SH    SOLE                      53,800
LSI LOGIC CORP                   COM        502161102         111    13,500  SH    SOLE                      13,500
LUCENT TECHNOLOGIES INC          COM        549463107         360   153,911  SH    SOLE                     153,911
M & T BK CORP                    COM        55261F104         324     2,700  SH    SOLE                       2,700
MARATHON OIL CORP                COM        565849106         974    12,672  SH    SOLE                      12,672
MARRIOTT INTL INC                COM        571903202         433    11,200  SH    SOLE                      11,200
MARSH & MCLENNAN COS INC         COM        571748102         531    18,858  SH    SOLE                      18,858
MARSHALL & ILSLEY CORP           COM        571834100         366     7,600  SH    SOLE                       7,600
MASCO CORP                       COM        574599106         392    14,300  SH    SOLE                      14,300
MATTEL INC                       COM        577081102         263    13,375  SH    SOLE                      13,375
MAXIM INTEGRATED PRODS INC       COM        57772K101         309    11,000  SH    SOLE                      11,000
MBIA INC                         COM        55262C100         283     4,600  SH    SOLE                       4,600
MCDONALDS CORP                   COM        580135101       1,694    43,304  SH    SOLE                      43,304
MCGRAW HILL COS INC              COM        580645109         731    12,600  SH    SOLE                      12,600
MCKESSON CORP                    COM        58155Q103         554    10,513  SH    SOLE                      10,513
MEDCO HEALTH SOLUTIONS INC       COM        58405U102         627    10,430  SH    SOLE                      10,430
MEDIMMUNE INC                    COM        584699102         258     8,800  SH    SOLE                       8,800
MEDTRONIC INC                    COM        585055106       1,930    41,562  SH    SOLE                      41,562
MELLON FINL CORP                 COM        58551A108         557    14,250  SH    SOLE                      14,250
MERCK & CO INC                   COM        589331107       3,156    75,316  SH    SOLE                      75,316
MERRILL LYNCH & CO INC           COM        590188108       2,473    31,618  SH    SOLE                      31,618
METLIFE INC                      COM        59156R108       1,479    26,100  SH    SOLE                      26,100
MICRON TECHNOLOGY INC            COM        595112103         404    23,200  SH    SOLE                      23,200
MICROSOFT CORP                   COM        594918104       8,360   305,650  SH    SOLE                     305,650
MONSANTO CO                      COM        61166W101         868    18,466  SH    SOLE                      18,466
MOODYS CORP                      COM        615369105         549     8,400  SH    SOLE                       8,400
MORGAN STANLEY                   COM        617446448       2,694    36,956  SH    SOLE                      36,956
MOTOROLA INC                     COM        620076109       2,152    86,098  SH    SOLE                      86,098



MURPHY OIL CORP                  COM        626717102         271     5,700  SH    SOLE                       5,700
NABORS INDUSTRIES LTD SHS        COM        G6359F103         324    10,900  SH    SOLE                      10,900
NATIONAL CITY CORP               COM        635405103         688    18,800  SH    SOLE                      18,800
NATIONAL OILWELL VARCO INC       COM        637071101         351     6,000  SH    SOLE                       6,000
NATIONAL SEMICONDUCTOR           COM        637640103         273    11,600  SH    SOLE                      11,600
NCR CORP                         COM        62886E108         249     6,300  SH    SOLE                       6,300
NETWORK APPLIANCE INC            COM        64120L104         477    12,900  SH    SOLE                      12,900
NEWELL RUBBERMAID INC            COM        651229106         267     9,424  SH    SOLE                       9,424
NEWMONT MINING CORP HOLDING CO   COM        651639106         657    15,362  SH    SOLE                      15,362
NEWS CORPORATION                 COM        65248E104       1,623    82,600  SH    SOLE                      82,600
NIKE INC                         COM        654106103         570     6,500  SH    SOLE                       6,500
NISOURCE INC                     COM        65473P105         204     9,400  SH    SOLE                       9,400
NOBLE CORP                       COM        G65422100         302     4,700  SH    SOLE                       4,700
NORDSTROM INC WASH               COM        655664100         317     7,500  SH    SOLE                       7,500
NORFOLK SOUTHN CORP              COM        655844108         623    14,150  SH    SOLE                      14,150
NORTH FORK BANCORPORATION NY     COM        659424105         470    16,425  SH    SOLE                      16,425
NORTHERN TR CORP                 COM        665859104         374     6,400  SH    SOLE                       6,400
NORTHROP GRUMMAN CORP            COM        666807102         821    12,058  SH    SOLE                      12,058
NOVELL INC                       COM        670006105          82    13,394  SH    SOLE                      13,394
NUCOR CORP                       COM        670346105         534    10,800  SH    SOLE                      10,800
NVIDIA CORP                      COM        67066G104         349    11,800  SH    SOLE                      11,800
OCCIDENTAL PETE CORP             COM        674599105       1,424    29,600  SH    SOLE                      29,600
OFFICE DEPOT INC                 COM        676220106         405    10,200  SH    SOLE                      10,200
OMNICOM GROUP INC                COM        681919106         580     6,200  SH    SOLE                       6,200
ORACLE CORPORATION               COM        68389X105       2,301   129,734  SH    SOLE                     129,734
PACCAR INC                       COM        693718108         502     8,812  SH    SOLE                       8,812
PARKER HANNIFIN CORP             COM        701094104         323     4,150  SH    SOLE                       4,150
PAYCHEX INC                      COM        704326107         423    11,475  SH    SOLE                      11,475
PEPSICO INC                      COM        713448108       3,720    57,000  SH    SOLE                      57,000
PFIZER INC                       COM        717081103       7,177   253,064  SH    SOLE                     253,064
PG&E CORP                        COM        69331C108         495    11,896  SH    SOLE                      11,896
PHELPS DODGE CORP                COM        717265102         592     6,986  SH    SOLE                       6,986



PITNEY BOWES INC                 COM        724479100         346     7,800  SH    SOLE                       7,800
PLUM CREEK TIMBER CO INC         COM        729251108         216     6,350  SH    SOLE                       6,350
PMC-SIERRA INC                   COM        69344F106         869   146,364  SH   DEFINED              1             146,364
PNC FINANCIAL SERVICES GROUP     COM        693475105         732    10,100  SH    SOLE                      10,100
PPG INDS INC                     COM        693506107         380     5,670  SH    SOLE                       5,670
PPL CORP                         COM        69351T106         431    13,100  SH    SOLE                      13,100
PRAXAIR INC                      COM        74005P104         660    11,162  SH    SOLE                      11,162
PRICE T ROWE GROUP INC           COM        74144T108         431     9,000  SH    SOLE                       9,000
PRINCIPAL FINANCIAL GROUP INC    COM        74251V102         521     9,600  SH    SOLE                       9,600
PROCTER & GAMBLE CO              COM        742718109       7,017   113,206  SH    SOLE                     113,206
PROGRESS ENERGY INC              COM        743263105         395     8,700  SH    SOLE                       8,700
PROGRESSIVE CORP OHIO            COM        743315103         667    27,200  SH    SOLE                      27,200
PROLOGIS INT                     COM        743410102         479     8,400  SH    SOLE                       8,400
PRUDENTIAL FINL INC              COM        744320102       1,298    17,025  SH    SOLE                      17,025
PUBLIC STORAGE INC               COM        74460D109         241     2,800  SH    SOLE                       2,800
PUBLIC SVC ENTERPRISE GROUP      COM        744573106         526     8,594  SH    SOLE                       8,594
PULTE HOMES INC                  COM        745867101         236     7,400  SH    SOLE                       7,400
QUALCOMM INC                     COM        747525103       2,072    57,000  SH    SOLE                      57,000
QUEST DIAGNOSTICS INC            COM        74834L100         342     5,600  SH    SOLE                       5,600
QWEST COMMUNICATIONS INTL INC    COM        749121109         466    53,398  SH    SOLE                      53,398
RAYTHEON CO                      COM        755111507         739    15,400  SH    SOLE                      15,400
REGIONS FINL CORP                COM        7591EP100         579    15,748  SH    SOLE                      15,748
REYNOLDS AMERN INC               COM        761713106         359     5,800  SH    SOLE                       5,800
ROBERT HALF INTL INC             COM        770323103         200     5,900  SH    SOLE                       5,900
ROCKWELL AUTOMATION INC          COM        773903109         354     6,100  SH    SOLE                       6,100
ROCKWELL COLLINS INC             COM        774341101         324     5,900  SH    SOLE                       5,900
ROHM & HAAS CO                   COM        775371107         236     4,992  SH    SOLE                       4,992
SAFECO CORP                      COM        786429100         248     4,200  SH    SOLE                       4,200
SAFEWAY INC                      COM        786514208         470    15,500  SH    SOLE                      15,500
SANDISK CORP                     COM        80004C101         337     6,300  SH    SOLE                       6,300
SANMINA-SCI CORP                 COM        800907107          69    18,350  SH    SOLE                      18,350
SARA LEE CORP                    COM        803111103         420    26,150  SH    SOLE                      26,150



SCHERING PLOUGH CORP             COM        806605101       1,125    50,950  SH    SOLE                      50,950
SCHLUMBERGER LTD                 COM        806857108       2,525    40,700  SH    SOLE                      40,700
SCHWAB CHARLES CORP              COM        808513105         636    35,500  SH    SOLE                      35,500
SEARS HLDGS CORP                 COM        812350106         541     3,419  SH    SOLE                       3,419
SEMPRA ENERGY                    COM        816851109         445     8,860  SH    SOLE                       8,860
SHERWIN WILLIAMS CO              COM        824348106         212     3,800  SH    SOLE                       3,800
SIMON PPTY GROUP INC             COM        828806109         571     6,300  SH    SOLE                       6,300
SLM CORP                         COM        78442P106         749    14,400  SH    SOLE                      14,400
SOLECTRON CORP                   COM        834182107         103    31,500  SH    SOLE                      31,500
SOUTHERN CO                      COM        842587107         880    25,550  SH    SOLE                      25,550
SOUTHWEST AIRLS CO               COM        844741108         406    24,375  SH    SOLE                      24,375
SOVEREIGN BANCORP INC            COM        845905108         278    12,915  SH    SOLE                      12,915
SPRINT NEXTEL CORP               COM FON    852061100       1,752   102,184  SH    SOLE                     102,184
ST JUDE MED INC                  COM        790849103         446    12,624  SH    SOLE                      12,624
ST PAUL COMPANIES INC            COM        792860108       1,123    23,940  SH    SOLE                      23,940
STAPLES INC                      COM        855030102         610    25,075  SH    SOLE                      25,075
STARBUCKS CORP                   COM        855244109         896    26,300  SH    SOLE                      26,300
STARWOOD HOTELS & RESORTS        COM        85590A401         423     7,400  SH    SOLE                       7,400
STATE STREET CORP                COM        857477103         718    11,500  SH    SOLE                      11,500
STRYKER CORP                     COM        863667101         501    10,100  SH    SOLE                      10,100
SUN MICROSYSTEMS INC             COM        866810104         590   119,114  SH    SOLE                     119,114
SUNOCO INC                       COM        86764P109         286     4,600  SH    SOLE                       4,600
SUNTRUST BKS INC                 COM        867914103         989    12,800  SH    SOLE                      12,800
SUPERVALU INC                    COM        868536103         208     7,011  SH    SOLE                       7,011
SYMANTEC CORP                    COM        871503108         764    35,881  SH    SOLE                      35,881
SYNOVUS FINL CORP                COM        87161C105         316    10,750  SH    SOLE                      10,750
SYSCO CORP                       COM        871829107         712    21,300  SH    SOLE                      21,300
TARGET CORP                      COM        87612E106       1,671    30,250  SH    SOLE                      30,250
TELLABS INC                      COM        879664100         170    15,500  SH    SOLE                      15,500
TENET HEALTHCARE CORP            COM        88033G100         132    16,174  SH    SOLE                      16,174
TEXAS INSTRS INC                 COM        882508104       1,832    55,100  SH    SOLE                      55,100
TEXTRON INC                      COM        883203101         403     4,600  SH    SOLE                       4,600



THERMO ELECTRON CORP             COM        883556102         220     5,600  SH    SOLE                       5,600
TIME WARNER INC                  COM        887317105       2,827   155,095  SH    SOLE                     155,095
TJX COS INC                      COM        872540109         446    15,900  SH    SOLE                      15,900
TORCHMARK CORP                   COM        891027104         227     3,600  SH    SOLE                       3,600
TRANSOCEAN INC                   COM        G90078109         820    11,204  SH    SOLE                      11,204
TRIBUNE CO                       COM        896047107         295     9,026  SH    SOLE                       9,026
TXU CORP                         COM        873168108         994    15,904  SH    SOLE                      15,904
TYCO INTL LTD                    COM        902124106       1,942    69,380  SH    SOLE                      69,380
UNION PAC CORP                   COM        907818108         801     9,100  SH    SOLE                       9,100
UNISYS CORP                      COM        909214108          67    11,800  SH    SOLE                      11,800
UNITED HEALTH GROUP INC          COM        91324P102       2,298    46,704  SH    SOLE                      46,704
UNITED PARCEL SVC INC            CL B       911312106       2,701    37,550  SH    SOLE                      37,550
UNITED STATES STEEL CORP         COM        912909108         213     3,700  SH    SOLE                       3,700
UNITED TECHNOLOGIES CORP         COM        913017109       2,217    35,000  SH    SOLE                      35,000
UNIVISION COMMUNICATIONS INC     COM        914906102         264     7,700  SH    SOLE                       7,700
UNUMPROVIDENT CORP               COM        91529Y106         199    10,285  SH    SOLE                      10,285
US BANCORP                       COM        902973304       2,061    62,047  SH    SOLE                      62,047
UST INC                          COM        902911106         311     5,674  SH    SOLE                       5,674
V F CORP                         COM        918204108         219     3,000  SH    SOLE                       3,000
VALERO ENERGY CORP               COM        91913Y100       1,101    21,400  SH    SOLE                      21,400
VERIZON COMMUNICATIONS           COM        92343V104       3,743   100,798  SH    SOLE                     100,798
VIACOM INC                       CL B       92553P201         989    26,613  SH    SOLE                      26,613
VORNADO RLTY TR                  COM        929042109         447     4,100  SH    SOLE                       4,100
VULCAN MATLS CO                  COM        929160109         274     3,500  SH    SOLE                       3,500
WACHOVIA CORP                    COM        929903102       3,114    55,813  SH    SOLE                      55,813
WAL MART STORES INC              COM        931142103       4,244    86,052  SH    SOLE                      86,052
WALGREEN CO                      COM        931422109       1,547    34,850  SH    SOLE                      34,850
WASHINGTON MUTUAL INC            COM        939322103       1,482    34,097  SH    SOLE                      34,097
WASTE MGMT INC                   COM        94106L109         699    19,063  SH    SOLE                      19,063
WEATHERFORD INTERNATIONAL LTD    COM        G95089101         501    12,000  SH    SOLE                      12,000
WELLPOINT INC                    COM        94973V107       1,749    22,700  SH    SOLE                      22,700
WELLS FARGO & CO                 COM        949746101       4,173   115,348  SH    SOLE                     115,348



WENDYS INTL INC                  COM        950590109         261     3,900  SH    SOLE                       3,900
WEYERHAEUSER CO                  COM        962166104         518     8,417  SH    SOLE                       8,417
WHIRLPOOL CORP                   COM        963320106         226     2,687  SH    SOLE                       2,687
WHOLE FOODS MKT INC              COM        966837106         285     4,800  SH    SOLE                       4,800
WILLIAMS COS INC                 COM        969457100         489    20,500  SH    SOLE                      20,500
WINDSTREAM CORP                  COM        97381W104         183    13,854  SH    SOLE                      13,854
WRIGLEY WM JR CO                 COM        982526105         350     7,600  SH    SOLE                       7,600
WYETH                            COM        983024100       2,350    46,226  SH    SOLE                      46,226
XCEL ENERGY INC                  COM        98389B100         288    13,935  SH    SOLE                      13,935
XEROX CORP                       COM        984121103         499    32,100  SH    SOLE                      32,100
XILINX INC                       COM        983919101         261    11,900  SH    SOLE                      11,900
XL CAP LTD                       COM        G98255105         412     6,000  SH    SOLE                       6,000
XTO ENERGY INC                   COM        98385X106         525    12,466  SH    SOLE                      12,466
YAHOO INC                        COM        984332106       1,097    43,400  SH    SOLE                      43,400
YUM BRANDS INC                   COM        988498101         494     9,484  SH    SOLE                       9,484
ZIMMER HLDGS INC                 COM        98956P102         573     8,489  SH    SOLE                       8,489
ZIONS BANCORP                    COM        989701107         287     3,600  SH    SOLE                       3,600