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, 2002
If amended report check here:
Institutional Investment Manager Filing This Report:
Name: The St. Paul Companies, Inc.
Address: 385 Washington Street
St. Paul, MN 55102-1396
13F File Number: 28-62
The Institutional Investment Manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct, and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Bruce Backberg
Title: Corporate Secretary
Phone: (651) 310-7916
Signature, Place and Date of signing:
/s/ Bruce Backberg, St. Paul, Minnesota, November 1, 2002
Report Type (Check only one.):
/X/ 13F HOLDINGS REPORT
/ / 13F NOTICE
/ / 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 310
Form 13F Information Table Value Total: $668,418
List of Other Included Managers:
No. 13F Filing Number Name
01 28-29 ST. PAUL FIRE AND MARINE INSURANCE COMPANY
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY
CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AFLAC INC COMM 001055102 96 3,130 SH SOLE 3,130
AGCO CORP COMM 001084102 2,267 97,700 SH SOLE 97,700
AOL TIME WARNER INC COMM 00184A105 110 9,430 SH SOLE 9,430
AMERICAN TELEPHONE & TELEGRAPH CO. COMM 001957109 44 3,670 SH SOLE 3,670
ABBOTT LABORATORIES COMM 002824100 384 9,510 SH SOLE 9,510
AEGON NV COMM 007924103 204 21,680 SH SOLE 21,680
ALBERTO-CULVER CO. COMM 013068101 3,677 75,000 SH SHARED 75,000
ALBERTO-CULVER CO. COMM 013068101 6,129 125,000 SH SOLE 125,000
ALCOA INC COMM 013817101 102 5,280 SH SOLE 5,280
ALLEGHENY ENGY COMM 017361106 65 4,940 SH SOLE 4,940
ALLSTATE CORP. COMM 020002101 151 4,240 SH SOLE 4,240
AMBAC FINL INC COMM 023139108 168 3,110 SH SOLE 3,110
AMERICAN EXPRESS COMPANY COMM 025816109 2,837 91,000 SH SHARED 91,000
AMERICAN EXPRESS COMPANY COMM 025816109 3,497 112,140 SH SOLE 112,140
AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 6,306 115,290 SH SHARED 115,290
AMERICAN INTERNATIONAL GROUP, INC. COMM 026874107 9,121 166,737 SH SOLE 166,737
AMERICREDIT CORP. COMM 03060R101 63 7,850 SH SOLE 7,850
AMGEN INC. COMM 031162100 3,032 72,700 SH SHARED 72,700
AMGEN INC. COMM 031162100 3,650 87,540 SH SOLE 87,540
AMSOUTH BANCORPORATION COMM 032165102 151 7,300 SH SOLE 7,300
ANHEUSER BUSCH COS. INC. COMM 035229103 2,783 55,000 SH SHARED 55,000
ANHEUSER BUSCH COS. INC. COMM 035229103 4,312 85,210 SH SOLE 85,210
ANNALY MORTGAGE MANAGEMENT COMM 035710409 244 13,220 SH SOLE 13,220
ANTHEM, INC. COMM 03674B104 2,600 40,000 SH SHARED 40,000
ANTHEM, INC. COMM 03674B104 3,640 56,000 SH SOLE 56,000
APACHE CORP COMM 037411105 3,389 57,000 SH SHARED 57,000
APACHE CORP COMM 037411105 4,632 77,920 SH SOLE 77,920
APPLIED MATERIALS, INC. COMM 038222105 126 10,870 SH SOLE 10,870
ASTRAZENECA PLC ADR COMM 046353108 130 4,260 SH SOLE 4,260
AUTOLIV INC COMM 052800109 98 4,650 SH SOLE 4,650
AVNET, INC. COMM 053807103 74 6,840 SH SOLE 6,840
BB&T CORP COMM 054937107 102 2,910 SH SOLE 2,910
BP AMOCO PLC (ADR) COMM 055622104 2,378 59,596 SH SHARED 59,596
BP AMOCO PLC (ADR) COMM 055622104 1,320 33,072 SH SOLE 33,072
BALL CORP. COMM 058498106 1,512 30,000 SH SHARED 30,000
BALL CORP. COMM 058498106 4,031 80,000 SH SOLE 80,000
BANK OF AMERICA CORP COMM 060505104 6,221 97,500 SH SHARED 97,500
BANK OF AMERICA CORP COMM 060505104 8,866 138,970 SH SOLE 138,970
BANK OF NEW YORK CO., INC. COMM 064057102 130 4,510 SH SOLE 4,510
BANK ONE CORP. COMM 06423A103 271 7,240 SH SOLE 7,240
BAXTER INTERNATIONAL INC. COMM 071813109 122 3,980 SH SOLE 3,980
BEAR STEARNS COMPANIES, INC. COMM 073902108 45 800 SH SOLE 800
BELL SOUTH CORP. COMM 079860102 38 2,050 SH SOLE 2,050
BERKSHIRE HATHAWAY A COMM 084670108 5,247 71 SH SHARED 71
BERKSHIRE HATHAWAY A COMM 084670108 5,764 75 SH SOLE 75
BLACK & DECKER CORP. COMM 091797100 74 1,770 SH SOLE 1,770
BLOCK H & R COMM 093671105 83 1,980 SH SOLE 1,980
BOEING COMPANY COMM 097023105 173 5,080 SH SOLE 5,080
BOSTON SCIENTIFIC CORP. COMM 101137107 2,619 83,000 SH SHARED 83,000
BOSTON SCIENTIFIC CORP. COMM 101137107 4,134 131,000 SH SOLE 131,000
BRISTOL-MYERS SQUIBB CO. COMM 110122108 85 3,590 SH SOLE 3,590
CIGNA CORP. COMM 125509109 135 1,910 SH SOLE 1,910
CSX CORP COMM 126408103 120 4,530 SH SOLE 4,530
CANADIAN NATL RAILWAY COL COMM 136375102 94 2,530 SH SOLE 2,530
CARDINAL HEALTH INC. COMM 14149Y108 170 2,740 SH SOLE 2,740
CARNIVAL CRUISE LINES INC. COMM 143658102 395 15,750 SH SOLE 15,750
CATERPILLAR INC COMM 149123101 82 2,190 SH SOLE 2,190
CELESTICA COMM 15101Q108 1,738 132,700 SH SHARED 132,700
CELESTICA COMM 15101Q108 2,057 157,000 SH SOLE 157,000
CENDANT CORP COMM 151313103 71 6,620 SH SOLE 6,620
CENTEX CORP. COMM 152312104 57 1,280 SH SOLE 1,280
CERIDIAN CORP NEW COMM 156779100 63 4,390 SH SOLE 4,390
CHEVRONTEXACO CORP COMM 166764100 3,303 47,700 SH SHARED 47,700
CHEVRONTEXACO CORP COMM 166764100 5,992 86,530 SH SOLE 86,530
CISCO SYSTEMS INC. COMM 17275R102 2,393 228,300 SH SHARED 228,300
CISCO SYSTEMS INC. COMM 17275R102 4,429 422,660 SH SOLE 422,660
CITIGROUP INC COMM 172967101 4,193 141,424 SH SHARED 141,424
CITIGROUP INC COMM 172967101 10,426 351,645 SH SOLE 351,645
CLEAR CHANNEL COMM 184502102 2,665 76,700 SH SHARED 76,700
CLEAR CHANNEL COMM 184502102 2,780 80,000 SH SOLE 80,000
COACH COMM 189754104 79 3,100 SH SOLE 3,100
COCA COLA CO COMM 191216100 2,729 56,906 SH SHARED 56,906
COCA COLA CO COMM 191216100 6,825 142,307 SH SOLE 142,307
COLGATE POLMOLIVE CO COMM 194162103 179 3,320 SH SOLE 3,320
COMERICA INC COMM 200340107 84 1,750 SH SOLE 1,750
CONOCOPHILLIPS COMM 20825C104 187 4,050 SH SOLE 4,050
COSTCO WHOLESALE CORP COMM 22160K105 89 2,760 SH SOLE 2,760
COUNTRYWIDE CREDIT INS. INC. COMM 222372104 108 2,300 SH SOLE 2,300
DR HORTON INC. COMM 23331A109 59 3,160 SH SOLE 3,160
DANAHER CORP COMM 235851102 3,104 54,600 SH SHARED 54,600
DANAHER CORP COMM 235851102 3,527 62,040 SH SOLE 62,040
DEAN FOODS COMM 242370104 1,870 47,000 SH SHARED 47,000
DEAN FOODS COMM 242370104 4,694 118,000 SH SOLE 118,000
DELL COMPUTER CORP COMM 247025109 4,065 172,900 SH SHARED 172,900
DELL COMPUTER CORP COMM 247025109 4,926 209,530 SH SOLE 209,530
DOLE FOOD CO., INC. COMM 256605106 480 16,540 SH SOLE 16,540
DOLLAR GENERAL CORP. COMM 256669102 89 6,640 SH SOLE 6,640
DOMINION RESOURCES INC. COMM 25746U109 87 1,720 SH SOLE 1,720
DOW CHEMICAL COMPANY COMM 260543103 151 5,540 SH SOLE 5,540
DU PONT E I DE NEMOURS AND CO. COMM 263534109 223 6,180 SH SOLE 6,180
DUKE ENERGY CORP COMM 264399106 100 5,110 SH SOLE 5,110
EASTMAN KODAK CO. COMM 277461109 71 2,610 SH SOLE 2,610
EBIX.COM INC COMM 278715107 46 12,785 SH SHARED 12,785
ECOLAB INC COMM 278865100 3,017 72,300 SH SHARED 72,300
ECOLAB INC COMM 278865100 3,985 95,501 SH SOLE 95,501
ELECTRONIC ARTS COMM 285512109 1,543 23,400 SH SHARED 23,400
ELECTRONIC ARTS COMM 285512109 4,617 70,000 SH SOLE 70,000
EMERSON ELECTRIC COMPANY COMM 291011104 110 2,510 SH SOLE 2,510
EXELON CORPORATION COMM 30161N101 95 1,990 SH SOLE 1,990
EXXON MOBIL CORP COMM 30231G102 8,231 258,036 SH SHARED 258,036
EXXON MOBIL CORP COMM 30231G102 12,946 405,830 SH SOLE 405,830
FAIRCHILD SEMICON INTL COMM 303726103 197 20,770 SH SOLE 20,770
FAMILY DOLLAR COMM 307000109 77 2,880 SH SOLE 2,880
FED HOME LOAN MTG CO. COMM 313400301 2,868 51,300 SH SHARED 51,300
FED HOME LOAN MTG CO. COMM 313400301 4,081 73,000 SH SOLE 73,000
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 3,251 54,600 SH SHARED 54,600
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 6 101 SH SHARED 101
(R) FEDERAL NATIONAL MORTGAGE COMM 313586109 4,189 70,360 SH SOLE 70,360
FEDERATED DEPT. STORES, INC. COMM 31410H101 85 2,900 SH SOLE 2,900
FIFTH THIRD BANCORP. COMM 316773100 225 3,680 SH SOLE 3,680
FIRST DATA CORPORATION COMM 319963104 132 4,710 SH SOLE 4,710
FLEETBOSTON FINANCIAL COMM 339030108 133 6,520 SH SOLE 6,520
GANNETT CO. COMM 364730101 119 1,650 SH SOLE 1,650
GENENTECH COMM 368710406 1,465 44,900 SH SHARED 44,900
GENENTECH COMM 368710406 3,058 93,710 SH SOLE 93,710
GENL DYNAMICS COMM 369550108 288 3,540 SH SOLE 3,540
GENERAL ELECTRIC CO. COMM 369604103 8,936 362,500 SH SHARED 362,500
GENERAL ELECTRIC CO. COMM 369604103 14,575 591,294 SH SOLE 591,294
GENERAL GROWTH PROPERTIES, INC. COMM 370021107 52 1,000 SH SOLE 1,000
GENERAL MILLS INC COMM 370334104 98 2,210 SH SOLE 2,210
GENERAL MOTORS COMM 370442105 139 3,570 SH SOLE 3,570
GILLETTE CO. COMM 375766102 188 6,350 SH SOLE 6,350
GOLDMAN SACHS GROUP COMM 38141G104 190 2,880 SH SOLE 2,880
GRAINGER, W. W. INC. COMM 384802104 268 6,300 SH SOLE 6,300
GREENPOINT FINL COMM 395384100 71 1,690 SH SOLE 1,690
HCA INC COM COMM 404119109 3,247 68,200 SH SHARED 68,200
HCA INC COM COMM 404119109 8,405 176,530 SH SOLE 176,530
JOHN HANCOCK FINANCIAL COMM 41014S106 235 8,460 SH SOLE 8,460
HARLEY-DAVIDSON COMM 412822108 3,377 72,700 SH SHARED 72,700
HARLEY-DAVIDSON COMM 412822108 4,599 99,000 SH SOLE 99,000
HARSCO CORP COMM 415864107 112 4,110 SH SOLE 4,110
HARTFORD FINANCIAL SERVICES GROUP COMM 416515104 116 2,820 SH SOLE 2,820
HEALTHSOUTH CORP. COMM 421924101 88 21,140 SH SOLE 21,140
HEWLETT-PACKARD COMM 428236103 221 18,970 SH SOLE 18,970
HIGHWOODS PROPERTIES INC COMM 431284108 48 2,030 SH SOLE 2,030
HOME DEPOT, INC. COMM 437076102 4,737 181,500 SH SHARED 181,500
HOME DEPOT, INC. COMM 437076102 7,278 278,834 SH SOLE 278,834
HONEYWELL INTERNATIONAL COMM 438516106 392 18,120 SH SOLE 18,120
HOUSEHOLD INTERNATIONAL, INC. COMM 441815107 316 11,160 SH SOLE 11,160
ICO INC PFD PREF 449293307 272 20,000 SH SHARED 20,000
IDEC PHARMACEUTICALS CORP. COMM 449370105 169 4,070 SH SOLE 4,070
ILLINOIS TOOL WORKS INC COMM 452308109 2,333 40,000 SH SHARED 40,000
ILLINOIS TOOL WORKS INC COMM 452308109 3,258 55,860 SH SOLE 55,860
INTEGRATED CIRCUIT SYSTEMS INC COMM 45811K208 114 7,260 SH SOLE 7,260
INTEL CORP COMM 458140100 3,154 227,060 SH SHARED 227,060
INTEL CORP COMM 458140100 4,816 346,730 SH SOLE 346,730
INTERNATIONAL BUSINESS MACHINES CORP CAP COMM 459200101 2,781 47,700 SH SHARED 47,700
INTERNATIONAL BUSINESS MACHINES CORP CAP COMM 459200101 5,279 90,530 SH SOLE 90,530
INTERNATIONAL PAPER CO COMM 460146103 95 2,840 SH SOLE 2,840
INTERSIL HOLDING COMM 46069S109 48 3,690 SH SOLE 3,690
IRON MTN INC PA COMM 462846106 46 1,850 SH SOLE 1,850
JDS UNIPHASE CORP. COMM 46612J101 877 450,000 SH SHARED 450,000
JDS UNIPHASE CORP. COMM 46612J101 1,198 615,000 SH SOLE 615,000
JP MORGAN CHASE & CO COMM 46625H100 235 12,370 SH SOLE 12,370
JOHNSON & JOHNSON COMM 478160104 8,269 152,900 SH SHARED 152,900
JOHNSON & JOHNSON COMM 478160104 11,426 211,282 SH SOLE 211,282
JOHNSON CONTROL COMM 478366107 70 910 SH SOLE 910
KLA-TENCOR CORP COMM 482480100 287 10,270 SH SOLE 10,270
KT CORP - ADR COMM 48268K101 1,109 50,000 SH SHARED 50,000
KT CORP - ADR COMM 48268K101 555 25,000 SH SOLE 25,000
KIMBERLY-CLARK CORP. COMM 494368103 177 3,130 SH SOLE 3,130
KING PHARMACEUTICALS COMM 495582108 89 4,900 SH SOLE 4,900
KNIGHT RIDDER INC COMM 499040103 2,053 36,400 SH SHARED 36,400
KNIGHT RIDDER INC COMM 499040103 2,200 39,000 SH SOLE 39,000
KOHL'S CORP. COMM 500255104 1,885 31,000 SH SHARED 31,000
KOHL'S CORP. COMM 500255104 4,990 82,060 SH SOLE 82,060
KROGER CO. COMM 501044101 82 5,790 SH SOLE 5,790
LAFARGE CORP COMM 505862102 50 1,720 SH SOLE 1,720
LAMAR ADVERTISING COMM 512815101 1,454 47,900 SH SHARED 47,900
LAMAR ADVERTISING COMM 512815101 1,518 50,000 SH SOLE 50,000
ESTEE LAUDER COS. INC. COMM 518439104 3,058 106,400 SH SHARED 106,400
ESTEE LAUDER COS. INC. COMM 518439104 5,185 180,400 SH SOLE 180,400
LEHMAN BROS COMM 524908100 73 1,490 SH SOLE 1,490
LENNAR CORP. COMM 526057104 134 2,400 SH SOLE 2,400
LIBERTY MEDIA CORP CL A COMM 530718105 1,939 270,000 SH SHARED 270,000
LIBERTY MEDIA CORP CL A COMM 530718105 2,549 355,000 SH SOLE 355,000
LILLY, ELI & CO. COMM 532457108 371 6,700 SH SOLE 6,700
LINCOLN NATL-IN COMM 534187109 48 1,570 SH SOLE 1,570
LINEAR TECHNOLOGY CORP COMM 535678106 193 9,300 SH SOLE 9,300
LOCKHEED MARTIN CORP. COMM 539830109 3,664 56,650 SH SOLE 56,650
MBIA CORP COMM 55262C100 42 1,060 SH SOLE 1,060
MBNA CORP. COMM 55262L100 4,832 262,875 SH SHARED 262,875
MBNA CORP. COMM 55262L100 5,486 298,473 SH SOLE 298,473
MARSH & MCLENNAN COS INC COMM 571748102 140 3,360 SH SOLE 3,360
MATTEL, INC. COMM 577081102 3,692 205,000 SH SHARED 205,000
MATTEL, INC. COMM 577081102 4,953 275,000 SH SOLE 275,000
MAY DEPARTMENT STORES CO. COMM 577778103 156 6,850 SH SOLE 6,850
MAYTAG CORP. COMM 578592107 43 1,840 SH SOLE 1,840
MCDONALD'S CORP COMM 580135101 329 18,630 SH SOLE 18,630
MCKESSON HBOC INC COMM 58155Q103 56 1,970 SH SOLE 1,970
MEADWESTVACO CORP. COMM 583334107 67 3,480 SH SOLE 3,480
MEDIA GENERAL INC. CL A COMM 584404107 49 970 SH SOLE 970
MEDTRONIC INC COMM 585055106 2,582 61,300 SH SHARED 61,300
MEDTRONIC INC COMM 585055106 2,965 70,384 SH SOLE 70,384
MERCK AND CO INC COMM 589331107 627 13,710 SH SOLE 13,710
MERRILL LYNCH & CO. COMM 590188108 3,456 104,900 SH SHARED 104,900
MERRILL LYNCH & CO. COMM 590188108 3,974 120,600 SH SOLE 120,600
METLIFE INC COMM 59156R108 345 15,160 SH SOLE 15,160
MICROSOFT CORP. COMM 594918104 7,990 182,680 SH SHARED 182,680
MICROSOFT CORP. COMM 594918104 13,170 301,092 SH SOLE 301,092
MIDCAP SPDR TRUST SERIES 1 COMM 595635103 1,990 26,800 SH SOLE 26,800
MORGAN STANLEY COMM 617446448 2,463 72,700 SH SHARED 72,700
MORGAN STANLEY COMM 617446448 2,940 86,780 SH SOLE 86,780
NATIONAL CITY CORP COMM 635405103 107 3,760 SH SOLE 3,760
NEWELL RUBBERMAID COMM 651229106 2,315 75,000 SH SHARED 75,000
NIKE INC CLASS B COMM 654106103 95 2,200 SH SOLE 2,200
NIPPON TELEGRAPH & TELE ADR COMM 654624105 227 13,960 SH SOLE 13,960
NOKIA CORP. ADR COMM 654902204 1,524 115,000 SH SHARED 115,000
NOKIA CORP. ADR COMM 654902204 464 35,000 SH SOLE 35,000
NORFOLK SOUTHERN CORP. COMM 655844108 197 9,780 SH SOLE 9,780
NORTHROP GRUMMAN CORP COMM 666807102 83 670 SH SOLE 670
NUCOR CORP. COMM 670346105 1,895 50,000 SH SHARED 50,000
NUCOR CORP. COMM 670346105 2,603 68,670 SH SOLE 68,670
ORACLE CORPORATION COMM 68389X105 208 26,520 SH SOLE 26,520
OVERTURE SERVICES COMM 69039R100 101 4,280 SH SOLE 4,280
PENTAIR COMM 709631105 42 1,140 SH SOLE 1,140
PEOPLESOFT, INC. COMM 712713106 46 3,690 SH SOLE 3,690
PEPSI BOTTLING GROUP COMM 713409100 1,278 54,600 SH SHARED 54,600
PEPSI BOTTLING GROUP COMM 713409100 1,404 60,000 SH SOLE 60,000
PEPSICO INC COMM 713448108 3,144 85,100 SH SHARED 85,100
PEPSICO INC COMM 713448108 6,243 168,971 SH SOLE 168,971
(R) PETROCORP INC. COMM 71645N101 7,088 1,731,000 SH SHARED 1,731,000
PFIZER INC COMM 717081103 8,081 278,450 SH SHARED 278,450
PFIZER INC COMM 717081103 11,058 381,040 SH SOLE 381,040
PHARMACIA CORP. COMM 71713U102 2,426 62,400 SH SHARED 62,400
PHARMACIA CORP. COMM 71713U102 3,089 79,440 SH SOLE 79,440
PHILIP MORRIS COS INC COMM 718154107 876 22,570 SH SOLE 22,570
PIONEER NATURAL RESOURCES COMM 723787107 93 3,830 SH SOLE 3,830
PITNEY BOWES INC COMM 724479100 399 13,080 SH SOLE 13,080
POPULAR INC COMM 733174106 163 5,170 SH SOLE 5,170
PRAXAIR INC. COMM 74005P104 154 3,010 SH SOLE 3,010
PROCTER AND GAMBLE COMM 742718109 6,823 76,340 SH SOLE 76,340
PRUDENTIAL FINANCIAL INC COMM 744320102 2,099 73,500 SH SHARED 73,500
PRUDENTIAL FINANCIAL INC COMM 744320102 2,556 89,500 SH SOLE 89,500
PUBLIC STORAGE INC COMM 74460D109 48 1,510 SH SOLE 1,510
RAYTHEON CO. COMM 755111507 69 2,350 SH SOLE 2,350
ROYAL DUTCH PETROLEUM CO. COMM 780257804 567 14,120 SH SOLE 14,120
SBC COMMUNICATIONS INC. COMM 78387G103 2,033 101,161 SH SHARED 101,161
SBC COMMUNICATIONS INC. COMM 78387G103 3,169 157,665 SH SOLE 157,665
SK TELECOM CO. LTD. ADR COMM 78440P108 849 40,000 SH SHARED 40,000
SK TELECOM CO. LTD. ADR COMM 78440P108 552 26,000 SH SOLE 26,000
SAMSUNG ELECTRONICS -GDR (SMSN) COMM 796050888 355 3,000 SH SHARED 3,000
SAMSUNG ELECTRONICS -GDR (SMSN) COMM 796050888 296 2,500 SH SOLE 2,500
SCHERING PLOUGH CORP COMM 806605101 190 8,930 SH SOLE 8,930
SCHLUMBERGER LTD COMM 806857108 142 3,680 SH SOLE 3,680
EW SCRIPPS CO COMM 811054204 318 4,590 SH SOLE 4,590
SEALED AIR CORP COMM 81211K100 83 4,920 SH SOLE 4,920
SEARS, ROEBUCK AND CO COMM 812387108 463 11,860 SH SOLE 11,860
SELECT COMFORT COMMON STOCK COMM 81616*106 19,532 4,886,022 SH SHARED 4,886,022
SIGMA-ALDRICH COMM 826552101 3,153 64,000 SH SHARED 64,000
SIGMA-ALDRICH COMM 826552101 4,163 84,500 SH SOLE 84,500
SMURFIT STONE COMM 832727101 3,042 242,000 SH SHARED 242,000
SMURFIT STONE COMM 832727101 4,022 320,000 SH SOLE 320,000
SOUTHERN COMPANY COMM 842587107 3,669 127,500 SH SHARED 127,500
SOUTHERN COMPANY COMM 842587107 4,153 144,310 SH SOLE 144,310
STAPLES INC COMM 855030102 148 11,540 SH SOLE 11,540
STARWOOD HOTELS & RESORTS TRUST COMM 85590A203 186 8,360 SH SOLE 8,360
STORAGE TECHNOLOGY CORP. COMM 862111200 38 3,620 SH SOLE 3,620
SUNTRUST BANKS INC COMM 867914103 108 1,760 SH SOLE 1,760
SYSCO CORP COMM 871829107 112 3,960 SH SOLE 3,960
TECO ENERGY COMM 872375100 248 15,600 SH SOLE 15,600
TEPPCO PARTNERS COMM 872384102 207 7,090 SH SOLE 7,090
TAIWAN SEMICONDUCTOR LTD (ADR) COMM 874039100 96 15,150 SH SOLE 15,150
TARGET CORP COMM 87612E106 1,538 52,100 SH SHARED 52,100
TARGET CORP COMM 87612E106 2,063 69,900 SH SOLE 69,900
TECH DATA CORP COMM 878237106 40 1,530 SH SOLE 1,530
TEMPLE-INLAND INC COMM 879868107 270 6,990 SH SOLE 6,990
TENET HEALTHCARE CORP COMM 88033G100 2,740 55,350 SH SHARED 55,350
TENET HEALTHCARE CORP COMM 88033G100 5,919 119,570 SH SOLE 119,570
TEXAS INSTRUMENT COMM 882508104 1,492 101,000 SH SHARED 101,000
TEXAS INSTRUMENT COMM 882508104 1,614 109,250 SH SOLE 109,250
TEXTRON INC. COMM 883203101 72 2,100 SH SOLE 2,100
3M COMPANY COMM 88579Y101 3,640 33,100 SH SHARED 33,100
3M COMPANY COMM 88579Y101 5,870 53,380 SH SOLE 53,380
TRAVELERS PROPERTY CASUALTY (B) COMM 89420G406 81 6,010 SH SOLE 6,010
TYCO INTERNATIONAL LTD. COMM 902124106 121 8,560 SH SOLE 8,560
US BANCORP - NEW COMM 902973304 467 25,120 SH SOLE 25,120
USA INTERACTIVE COMM 902984103 1,859 95,900 SH SHARED 95,900
USA INTERACTIVE COMM 902984103 3,101 160,000 SH SOLE 160,000
UNION PACIFIC CORP. COMM 907818108 624 10,780 SH SOLE 10,780
UNITED PARCEL SERVICE COMM 911312106 423 6,760 SH SOLE 6,760
UNITED TECHNOLOGIES CORP. COMM 913017109 3,406 60,300 SH SHARED 60,300
UNITED TECHNOLOGIES CORP. COMM 913017109 4,944 87,520 SH SOLE 87,520
UNITEDHEALTHCARE GROUP COMM 91324P102 2,878 33,000 SH SHARED 33,000
UNITEDHEALTHCARE GROUP COMM 91324P102 2,723 31,220 SH SOLE 31,220
UNIVISION COMM COMM 914906102 1,710 75,000 SH SHARED 75,000
UNIVISION COMM COMM 914906102 2,098 92,000 SH SOLE 92,000
VALERO ENERGY CORP. COMM 91913Y100 76 2,890 SH SOLE 2,890
VERIZON COMMUNICATIONS COMM 92343V104 460 16,750 SH SOLE 16,750
VIACOM INC. CL B COMM 925524308 3,528 87,000 SH SHARED 87,000
VIACOM INC. CL B COMM 925524308 4,894 120,700 SH SOLE 120,700
WACHOVIA CORP - NEW COMM 929903102 275 8,420 SH SOLE 8,420
WAL-MART STORES INC COMM 931142103 6,204 126,000 SH SHARED 126,000
WAL-MART STORES INC COMM 931142103 14,140 287,158 SH SOLE 287,158
WALGREEN CO. COMM 931422109 3,867 125,700 SH SHARED 125,700
WALGREEN CO. COMM 931422109 5,212 169,430 SH SOLE 169,430
WASHINGTON MUTUAL INC COMM 939322103 2,464 78,300 SH SHARED 78,300
WASHINGTON MUTUAL INC COMM 939322103 3,492 110,950 SH SOLE 110,950
WASHINGTON POST COMM 939640108 292 450 SH SOLE 450
WASTE MANAGEMENT INC. COMM 94106L109 86 3,700 SH SOLE 3,700
WELLS FARGO & CO COMM 949746101 5,249 109,000 SH SHARED 109,000
WELLS FARGO & CO COMM 949746101 8,506 176,610 SH SOLE 176,610
WENDY'S INTERNATIONAL INC COMM 950590109 210 6,330 SH SOLE 6,330
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WM WRIGLEY JR. CO. COMM 982526105 205 4,150 SH SOLE 4,150
WYETH CORP COMM 983024100 1,794 56,400 SH SHARED 56,400
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ACE LTD. COMM G0070K103 79 2,680 SH SOLE 2,680
ACCENTURE LTD BERMUDA CL A COMM G1150G111 130 9,110 SH SOLE 9,110