UNITED STATES
                                                             SECURITIES AND EXCHANGE COMMISSION
                                                             Washington, D.C.  20549

                                                             FORM 13F

                                                             FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 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, May 9, 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:                                                  373
Form 13F Information Table Value Total:                                           $1,433,846

List of Other Included Managers:

No.                                                          13F Filing Number    Name
01                                                           28-29                ST. PAUL FIRE AND MARINE INSURANCE COMPANY






                                                                         FORM 13F
                                                                     INFORMATION TABLE

                                         TITLE                VALUE     SHARES SH/  PUT/INVESTMT   OTHER   VOTING  AUTHORITY
NAME OF ISSUER                          OF CLASS   CUSIP    (X$1000)   PRN/AMT PRN  CALL DSCRETN  MANAGERS  SOLE     SHARED    NONE
                                                                                                    
AFLAC INC                                 COMM   001055102      86       2,920 SH       SHARED                        2,920
AOL TIME WARNER INC                       COMM   00184A105   3,004     127,000 SH       SHARED                      127,000
AOL TIME WARNER INC                       COMM   00184A105   2,022      85,500 SH       SOLE                85,500
AMERICAN TELEPHONE & TELEGRAPH CO.        COMM   001957109     126       8,050 SH       SHARED                        8,050
AT&T WIRELESS                             COMM   00209A106     216      24,140 SH       SHARED                       24,140
ABBOTT LABORATORIES                       COMM   002824100   9,468     180,000 SH       SHARED                      180,000
ABBOTT LABORATORIES                       COMM   002824100     186       3,530 SH       SHARED                        3,530
ABBOTT LABORATORIES                       COMM   002824100   6,096     115,900 SH       SOLE               115,900
ADVANCED FIBRE CORPORATION                COMM   00754A105      38       1,970 SH       SHARED                        1,970
ALBERTSON'S, INC.                         COMM   013104104      94       2,850 SH       SHARED                        2,850
ALCOA INC                                 COMM   013817101   4,529     120,000 SH       SHARED                      120,000
ALCOA INC                                 COMM   013817101      74       1,950 SH       SHARED                        1,950
ALCOA INC                                 COMM   013817101   2,949      78,150 SH       SOLE                78,150
ALLEGHENY ENGY                            COMM   017361106   9,097     220,000 SH       SHARED                      220,000
ALLEGHENY ENGY                            COMM   017361106   7,443     180,000 SH       SOLE               180,000
ALLIANCE CAP                              COMM   01855A101      64       1,370 SH       SHARED                        1,370
ALLSTATE CORP.                            COMM   020002101      62       1,630 SH       SHARED                        1,630
AMERICAN EXPRESS COMPANY                  COMM   025816109      40         980 SH       SHARED                          980
AMERICAN INTERNATIONAL GROUP, INC.        COMM   026874107  13,706     189,990 SH       SHARED                      189,990
AMERICAN INTERNATIONAL GROUP, INC.        COMM   026874107     439       6,080 SH       SHARED                        6,080
AMERICAN INTERNATIONAL GROUP, INC.        COMM   026874107   8,851     122,689 SH       SOLE               122,689
AMGEN INC.                                COMM   031162100   7,162     120,000 SH       SHARED                      120,000
AMGEN INC.                                COMM   031162100     144       2,410 SH       SHARED                        2,410
AMGEN INC.                                COMM   031162100   4,756      79,700 SH       SOLE                79,700
ANHEUSER BUSCH COS. INC.                  COMM   035229103   6,264     120,000 SH       SHARED                      120,000
ANHEUSER BUSCH COS. INC.                  COMM   035229103     106       2,030 SH       SHARED                        2,030
ANHEUSER BUSCH COS. INC.                  COMM   035229103   4,176      80,000 SH       SOLE                80,000
APPLERA CORP COM AP BIO GRP               COMM   038020103     108       4,840 SH       SHARED                        4,840
APPLIED MATERIALS, INC.                   COMM   038222105     101       1,870 SH       SHARED                        1,870
ASCENTIAL SOFTWARE CORP                   COMM   04362P108       4         987 SH       SOLE                   987
ATMEL CORP.                               COMM   049513104   4,563     450,000 SH       SHARED                      450,000
ATMEL CORP.                               COMM   049513104   3,042     300,000 SH       SOLE               300,000
AUTODESK, INC                             COMM   052769106      51       1,090 SH       SHARED                        1,090
AUTOMATIC DATA PROCESSING                 COMM   053015103   4,839      83,040 SH       SHARED                       83,040
AUTOMATIC DATA PROCESSING                 COMM   053015103     458       7,860 SH       SHARED                        7,860
AUTOMATIC DATA PROCESSING                 COMM   053015103   3,007      51,600 SH       SOLE                51,600
AVON PRODUCTS                             COMM   054303102     306       5,630 SH       SHARED                        5,630
BB&T CORP                                 COMM   054937107      98       2,560 SH       SHARED                        2,560
BP AMOCO PLC (ADR)                        COMM   055622104  11,395     214,596 SH       SHARED                      214,596
BP AMOCO PLC (ADR)                        COMM   055622104   6,794     127,952 SH       SOLE               127,952
BAKER HUGHES INC                          COMM   057224107   4,590     120,000 SH       SHARED                      120,000
BAKER HUGHES INC                          COMM   057224107   3,060      80,000 SH       SOLE                80,000
BANK OF AMERICA CORP                      COMM   060505104  13,264     195,000 SH       SHARED                      195,000
BANK OF AMERICA CORP                      COMM   060505104     244       3,580 SH       SHARED                        3,580
BANK OF AMERICA CORP                      COMM   060505104   8,811     129,540 SH       SOLE               129,540
BANK OF NEW YORK CO., INC.                COMM   064057102      73       1,730 SH       SHARED                        1,730
BANK ONE CORP.                            COMM   06423A103     111       2,650 SH       SHARED                        2,650
BAXTER INTERNATIONAL INC.                 COMM   071813109   7,142     120,000 SH       SHARED                      120,000
BAXTER INTERNATIONAL INC.                 COMM   071813109      80       1,350 SH       SHARED                        1,350
BAXTER INTERNATIONAL INC.                 COMM   071813109   4,742      79,670 SH       SOLE                79,670
BELL SOUTH CORP.                          COMM   079860102     158       4,300 SH       SHARED                        4,300
BERKSHIRE HATHAWAY A                      COMM   084670108   8,888         124 SH       SHARED                          124
BERKSHIRE HATHAWAY A                      COMM   084670108     284           4 SH       SHARED                            4
BERKSHIRE HATHAWAY A                      COMM   084670108   5,546          75 SH       SOLE                    75
BRISTOL-MYERS SQUIBB CO.                  COMM   110122108   5,685     140,400 SH       SHARED                      140,400
BRISTOL-MYERS SQUIBB CO.                  COMM   110122108     207       5,120 SH       SHARED                        5,120
BRISTOL-MYERS SQUIBB CO.                  COMM   110122108   4,419     109,146 SH       SOLE               109,146
CAMPBELL SOUP CO                          COMM   134429109     371      13,850 SH       SHARED                       13,850
CELESTICA                                 COMM   15101Q108   4,351     120,000 SH       SHARED                      120,000
CELESTICA                                 COMM   15101Q108   2,901      80,000 SH       SOLE                80,000
CHEVRONTEXACO CORP                        COMM   166764100  10,832     120,000 SH       SHARED                      120,000
CHEVRONTEXACO CORP                        COMM   166764100     219       2,423 SH       SHARED                        2,423
CHEVRONTEXACO CORP                        COMM   166764100   7,222      80,000 SH       SOLE                80,000
CIRCUIT CITY STORES, INC.                 COMM   172737108      33       1,820 SH       SHARED                        1,820
CISCO SYSTEMS INC.                        COMM   17275R102  12,371     730,720 SH       SHARED                      730,720
CISCO SYSTEMS INC.                        COMM   17275R102     514      30,360 SH       SHARED                       30,360
CISCO SYSTEMS INC.                        COMM   17275R102   8,407     496,592 SH       SOLE               496,592
CITIGROUP INC                             COMM   172967101  22,820     460,824 SH       SHARED                      460,824
CITIGROUP INC                             COMM   172967101     685      13,840 SH       SHARED                       13,840
CITIGROUP INC                             COMM   172967101  15,109     305,115 SH       SOLE               305,115
CLAYTON HOMES                             COMM   184190106     176      10,520 SH       SHARED                       10,520
CLEAR CHANNEL                             COMM   184502102   6,169     120,000 SH       SHARED                      120,000
CLEAR CHANNEL                             COMM   184502102      74       1,440 SH       SHARED                        1,440
CLEAR CHANNEL                             COMM   184502102   4,113      80,000 SH       SOLE                80,000
COCA COLA CO                              COMM   191216100   6,940     132,806 SH       SHARED                      132,806
COCA COLA CO                              COMM   191216100     298       5,710 SH       SHARED                        5,710
COCA COLA CO                              COMM   191216100   4,550      87,057 SH       SOLE                87,057
COCA-COLA ENTRP                           COMM   191219104     154       8,180 SH       SHARED                        8,180
COLGATE POLMOLIVE CO                      COMM   194162103      71       1,250 SH       SHARED                        1,250
COMERICA INC                              COMM   200340107   7,508     120,000 SH       SHARED                      120,000



COMERICA INC                              COMM   200340107   5,006      80,000 SH       SOLE                80,000
COMPAQ COMPUTER                           COMM   204493100      39       3,740 SH       SHARED                        3,740
COMPUTER ASSOCIATES INTL, INC.            COMM   204912109     115       5,250 SH       SHARED                        5,250
COMPUWARE CORP.                           COMM   205638109      53       4,080 SH       SHARED                        4,080
CONCORD EFS INC.                          COMM   206197105     176       5,290 SH       SHARED                        5,290
COSTCO WHOLESALE CORP                     COMM   22160K105   4,778     120,000 SH       SHARED                      120,000
COSTCO WHOLESALE CORP                     COMM   22160K105     175       4,400 SH       SHARED                        4,400
COSTCO WHOLESALE CORP                     COMM   22160K105   3,186      80,000 SH       SOLE                80,000
CUMMINS ENGINE CO., INC.                  COMM   231021106   4,652      98,500 SH       SHARED                       98,500
CUMMINS ENGINE CO., INC.                  COMM   231021106   3,094      65,500 SH       SOLE                65,500
DANAHER CORP                              COMM   235851102   6,392      90,000 SH       SHARED                       90,000
DANAHER CORP                              COMM   235851102   4,261      60,000 SH       SOLE                60,000
DEERE AND CO                              COMM   244199105   4,100      90,000 SH       SHARED                       90,000
DEERE AND CO                              COMM   244199105   2,733      60,000 SH       SOLE                60,000
DELL COMPUTER CORP                        COMM   247025109   7,441     285,000 SH       SHARED                      285,000
DELL COMPUTER CORP                        COMM   247025109     248       9,490 SH       SHARED                        9,490
DELL COMPUTER CORP                        COMM   247025109   4,961     190,000 SH       SOLE               190,000
DISNEY, WALT CO.                          COMM   254687106   2,770     120,000 SH       SHARED                      120,000
DISNEY, WALT CO.                          COMM   254687106     108       4,690 SH       SHARED                        4,690
DISNEY, WALT CO.                          COMM   254687106   1,846      80,000 SH       SOLE                80,000
DOW CHEMICAL COMPANY                      COMM   260543103      67       2,050 SH       SHARED                        2,050
DU PONT E I DE NEMOURS AND CO.            COMM   263534109     111       2,350 SH       SHARED                        2,350
DUKE POWER                                COMM   264399106   5,670     150,000 SH       SHARED                      150,000
DUKE POWER                                COMM   264399106   3,698      97,820 SH       SOLE                97,820
DUKE REALTY INVESTMENTS, INC.             COMM   264411505     126       4,850 SH       SHARED                        4,850
EMC CORP.                                 COMM   268648102   2,861     240,000 SH       SHARED                      240,000
EMC CORP.                                 COMM   268648102      67       5,630 SH       SHARED                        5,630
EMC CORP.                                 COMM   268648102   1,907     160,000 SH       SOLE               160,000
EBAY                                      COMM   278642103   5,098      90,000 SH       SHARED                       90,000
EBAY                                      COMM   278642103      91       1,600 SH       SHARED                        1,600
EBAY                                      COMM   278642103   3,398      60,000 SH       SOLE                60,000
EBIX.COM INC                              COMM   278715107      10      12,785 SH       SHARED                       12,785
ECOLAB INC                                COMM   278865100   2,025      44,300 SH       SHARED                       44,300
ECOLAB INC                                COMM   278865100   1,006      22,001 SH       SOLE                22,001
EDWARDS (AG) INC                          COMM   281760108     114       2,590 SH       SHARED                        2,590
EL PASO CORP                              COMM   28336L109      56       1,270 SH       SHARED                        1,270
ELECTRONIC ARTS                           COMM   285512109   6,384     105,000 SH       SHARED                      105,000
ELECTRONIC ARTS                           COMM   285512109   4,256      70,000 SH       SOLE                70,000
ELECTRONIC DATA SYSTEMS                   COMM   285661104      99       1,710 SH       SHARED                        1,710
EMERSON ELECTRIC COMPANY                  COMM   291011104      55         950 SH       SHARED                          950
EXXON MOBIL CORP                          COMM   30231G102  21,487     490,236 SH       SHARED                      490,236
EXXON MOBIL CORP                          COMM   30231G102     687      15,680 SH       SHARED                       15,680
EXXON MOBIL CORP                          COMM   30231G102  14,205     324,100 SH       SOLE               324,100
FED HOME LOAN MTG CO.                     COMM   313400301   5,703      90,000 SH       SHARED                       90,000
FED HOME LOAN MTG CO.                     COMM   313400301     100       1,580 SH       SHARED                        1,580
FED HOME LOAN MTG CO.                     COMM   313400301   3,574      56,400 SH       SOLE                56,400
(R) FEDERAL NATIONAL MORTGAGE             COMM   313586109   7,189      90,000 SH       SHARED                       90,000
(R) FEDERAL NATIONAL MORTGAGE             COMM   313586109     190       2,381 SH       SHARED                        2,381
(R) FEDERAL NATIONAL MORTGAGE             COMM   313586109   4,636      58,040 SH       SOLE                58,040
FIFTH THIRD BANCORP.                      COMM   316773100      88       1,310 SH       SHARED                        1,310
FLEETBOSTON FINANCIAL                     COMM   339030108      83       2,380 SH       SHARED                        2,380
FORD MOTOR CO                             COMM   345370860      70       4,230 SH       SHARED                        4,230
FOX ENTERTAINMENT GROUP                   COMM   35138T107   3,902     165,000 SH       SHARED                      165,000
FOX ENTERTAINMENT GROUP                   COMM   35138T107   2,591     109,560 SH       SOLE               109,560
GALLAGHER, ARTHUR J. AND CO               COMM   363576109      61       1,870 SH       SHARED                        1,870
GENENTECH                                 COMM   368710406  10,494     208,000 SH       SHARED                      208,000
GENENTECH                                 COMM   368710406   6,653     131,880 SH       SOLE               131,880
GENERAL ELECTRIC CO.                      COMM   369604103  23,897     638,100 SH       SHARED                      638,100
GENERAL ELECTRIC CO.                      COMM   369604103     855      22,820 SH       SHARED                       22,820
GENERAL ELECTRIC CO.                      COMM   369604103  16,832     449,464 SH       SOLE               449,464
GENERAL MILLS INC                         COMM   370334104     121       2,480 SH       SHARED                        2,480
GENERAL MOTORS                            COMM   370442105      58         960 SH       SHARED                          960
INTERDENT, INC.                           COMM   37245B102      11      43,725 SH       SHARED                       43,725
GENZYME CP-GENL                           COMM   372917104      35         800 SH       SHARED                          800
GILLETTE CO.                              COMM   375766102      82       2,400 SH       SHARED                        2,400
GOLDMAN SACHS GROUP                       COMM   38141G104   5,415      60,000 SH       SHARED                       60,000
GOLDMAN SACHS GROUP                       COMM   38141G104   1,309      14,500 SH       SOLE                14,500
HCA INC COM                               COMM   404119109  11,902     270,000 SH       SHARED                      270,000
HCA INC COM                               COMM   404119109   7,781     176,530 SH       SOLE               176,530
HARLEY-DAVIDSON                           COMM   412822108   6,616     120,000 SH       SHARED                      120,000
HARLEY-DAVIDSON                           COMM   412822108   4,410      80,000 SH       SOLE                80,000
HEALTHSOUTH CORP.                         COMM   421924101      64       4,490 SH       SHARED                        4,490
HEWLETT-PACKARD                           COMM   428236103      79       4,400 SH       SHARED                        4,400
HOME DEPOT, INC.                          COMM   437076102  14,544     299,200 SH       SHARED                      299,200
HOME DEPOT, INC.                          COMM   437076102     488      10,030 SH       SHARED                       10,030
HOME DEPOT, INC.                          COMM   437076102   9,940     204,494 SH       SOLE               204,494
ICO INC PFD                               PREF   449293307     215      20,000 SH       SHARED                       20,000
ILLINOIS TOOL WORKS INC                   COMM   452308109      50         690 SH       SHARED                          690
INTEGRATED CIRCUIT SYSTEMS INC            COMM   45811K208      33       1,630 SH       SHARED                        1,630
INTEL CORP                                COMM   458140100  12,385     407,260 SH       SHARED                      407,260
INTEL CORP                                COMM   458140100     790      25,970 SH       SHARED                       25,970
INTEL CORP                                COMM   458140100   8,062     265,120 SH       SOLE               265,120
INTERNATIONAL BUSINESS MACHINES CORP CAP  COMM   459200101   6,069      58,360 SH       SHARED                       58,360
INTERNATIONAL BUSINESS MACHINES CORP CAP  COMM   459200101     412       3,960 SH       SHARED                        3,960
INTERNATIONAL BUSINESS MACHINES CORP CAP  COMM   459200101   4,037      38,818 SH       SOLE                38,818




INTERNATIONAL PAPER CO                    COMM   460146103   3,871      90,000 SH       SHARED                       90,000
INTERNATIONAL PAPER CO                    COMM   460146103   2,486      57,810 SH       SOLE                57,810
INTRA BIOTICS                             COMM   46116T100   3,422   1,303,701 SH       SHARED                    1,303,701
JP MORGAN CHASE & CO                      COMM   46625H100   2,763      77,500 SH       SHARED                       77,500
JP MORGAN CHASE & CO                      COMM   46625H100     174       4,876 SH       SHARED                        4,876
JP MORGAN CHASE & CO                      COMM   46625H100   1,808      50,721 SH       SOLE                50,721
JOHNSON & JOHNSON                         COMM   478160104  14,614     225,000 SH       SHARED                      225,000
JOHNSON & JOHNSON                         COMM   478160104     457       7,030 SH       SHARED                        7,030
JOHNSON & JOHNSON                         COMM   478160104   9,662     148,762 SH       SOLE               148,762
KIMBERLY-CLARK CORP.                      COMM   494368103      77       1,190 SH       SHARED                        1,190
KINDER MORGAN E                           COMM   494550106      59       1,800 SH       SHARED                        1,800
KINDER MORGAN INC.                        COMM   49455P101     201       4,140 SH       SHARED                        4,140
KING PHARMACEUTICALS                      COMM   495582108     245       7,010 SH       SHARED                        7,010
KNIGHT RIDDER INC                         COMM   499040103   4,128      60,100 SH       SHARED                       60,100
KNIGHT RIDDER INC                         COMM   499040103   2,679      39,000 SH       SOLE                39,000
KOHL'S CORP.                              COMM   500255104   8,538     120,000 SH       SHARED                      120,000
KOHL'S CORP.                              COMM   500255104      55         770 SH       SHARED                          770
KOHL'S CORP.                              COMM   500255104   5,692      80,000 SH       SOLE                80,000
ESTEE LAUDER COS. INC.                    COMM   518439104   9,223     270,000 SH       SHARED                      270,000
ESTEE LAUDER COS. INC.                    COMM   518439104   6,162     180,400 SH       SOLE               180,400
LEHMAN BROS                               COMM   524908100      86       1,330 SH       SHARED                        1,330
LIBERTY MEDIA CORP CL A                   COMM   530718105   8,562     677,400 SH       SHARED                      677,400
LIBERTY MEDIA CORP CL A                   COMM   530718105     121       9,570 SH       SHARED                        9,570
LIBERTY MEDIA CORP CL A                   COMM   530718105   5,648     446,822 SH       SOLE               446,822
LIBERTY PROPERTY TRUST                    COMM   531172104     127       3,950 SH       SHARED                        3,950
LILLY, ELI & CO.                          COMM   532457108     195       2,560 SH       SHARED                        2,560
LINEAR TECHNOLOGY CORP                    COMM   535678106      64       1,440 SH       SHARED                        1,440
LIZ CLAIBORNE                             COMM   539320101      40       1,400 SH       SHARED                        1,400
LOCKHEED MARTIN CORP.                     COMM   539830109   5,182      90,000 SH       SHARED                       90,000
LOCKHEED MARTIN CORP.                     COMM   539830109   3,455      60,000 SH       SOLE                60,000
LOWE'S COMPANIES INC.                     COMM   548661107     295       6,780 SH       SHARED                        6,780
LUCENT TECHNOLOGIES INC.                  COMM   549463107      33       6,900 SH       SHARED                        6,900
MBNA CORP.                                COMM   55262L100  11,156     289,250 SH       SHARED                      289,250
MBNA CORP.                                COMM   55262L100      78       2,020 SH       SHARED                        2,020
MBNA CORP.                                COMM   55262L100   7,336     190,202 SH       SOLE               190,202
MAGNA INTERNATIONAL                       COMM   559222401     169       2,300 SH       SHARED                        2,300
MARSH & MCLENNAN COS INC                  COMM   571748102  10,147      90,000 SH       SHARED                       90,000
MARSH & MCLENNAN COS INC                  COMM   571748102      70         620 SH       SHARED                          620
MARSH & MCLENNAN COS INC                  COMM   571748102   6,764      60,000 SH       SOLE                60,000
MATTEL, INC.                              COMM   577081102   6,252     300,000 SH       SHARED                      300,000
MATTEL, INC.                              COMM   577081102   4,168     200,000 SH       SOLE               200,000
MCDONALD'S CORP                           COMM   580135101      81       2,920 SH       SHARED                        2,920
MCGRAW-HILL COMPANIES INC.                COMM   580645109   4,300      63,000 SH       SHARED                       63,000
MCGRAW-HILL COMPANIES INC.                COMM   580645109   2,730      40,000 SH       SOLE                40,000
MEDTRONIC INC                             COMM   585055106  10,000     221,200 SH       SHARED                      221,200
MEDTRONIC INC                             COMM   585055106     220       4,860 SH       SHARED                        4,860
MEDTRONIC INC                             COMM   585055106   6,469     143,084 SH       SOLE               143,084
MERCK AND CO INC                          COMM   589331107   5,269      91,500 SH       SHARED                       91,500
MERCK AND CO INC                          COMM   589331107     300       5,210 SH       SHARED                        5,210
MERCK AND CO INC                          COMM   589331107   3,495      60,700 SH       SOLE                60,700
MERCURY INTERACTIVE CORP.                 COMM   589405109   6,777     180,000 SH       SHARED                      180,000
MERCURY INTERACTIVE CORP.                 COMM   589405109   4,518     120,000 SH       SOLE               120,000
MERRILL LYNCH & CO.                       COMM   590188108   9,581     173,000 SH       SHARED                      173,000
MERRILL LYNCH & CO.                       COMM   590188108     107       1,940 SH       SHARED                        1,940
MERRILL LYNCH & CO.                       COMM   590188108   6,110     110,320 SH       SOLE               110,320
METLIFE INC                               COMM   59156R108      52       1,640 SH       SHARED                        1,640
MICROSOFT CORP.                           COMM   594918104  28,483     472,280 SH       SHARED                      472,280
MICROSOFT CORP.                           COMM   594918104     751      12,450 SH       SHARED                       12,450
MICROSOFT CORP.                           COMM   594918104  18,562     307,772 SH       SOLE               307,772
MICRON TECHNOLOGY INC                     COMM   595112103   2,961      90,000 SH       SHARED                       90,000
MICRON TECHNOLOGY INC                     COMM   595112103   1,974      60,000 SH       SOLE                60,000
MIDCAP SPDR TRUST SERIES 1                COMM   595635103  24,898     252,000 SH       SHARED                      252,000
MIDCAP SPDR TRUST SERIES 1                COMM   595635103  16,598     168,000 SH       SOLE               168,000
MOODY'S CORP                              COMM   615369105     141       3,430 SH       SHARED                        3,430
MORGAN STANLEY DEAN WITT                  COMM   617446448   6,877     120,000 SH       SHARED                      120,000
MORGAN STANLEY DEAN WITT                  COMM   617446448     143       2,487 SH       SHARED                        2,487
MORGAN STANLEY DEAN WITT                  COMM   617446448   4,585      80,000 SH       SOLE                80,000
MOTOROLA INC                              COMM   620076109   5,112     360,000 SH       SHARED                      360,000
MOTOROLA INC                              COMM   620076109      75       5,300 SH       SHARED                        5,300
MOTOROLA INC                              COMM   620076109   3,408     240,000 SH       SOLE               240,000
NASDAQ - 100 SHARES                       COMM   631100104   3,245      90,000 SH       SHARED                       90,000
NASDAQ - 100 SHARES                       COMM   631100104   2,122      58,850 SH       SOLE                58,850
99 CENTS ONLY STORES                      COMM   65440K106      57       1,480 SH       SHARED                        1,480
NOKIA CORP. ADR                           COMM   654902204   6,222     300,000 SH       SHARED                      300,000
NOKIA CORP. ADR                           COMM   654902204   3,070     148,000 SH       SOLE               148,000
NORTEL NETWORK CORPORATION                COMM   656568102      31       6,960 SH       SHARED                        6,960
NOVELLUS SYSTEMS INC                      COMM   670008101   2,842      52,500 SH       SHARED                       52,500
NOVELLUS SYSTEMS INC                      COMM   670008101   1,895      35,000 SH       SOLE                35,000
NUCOR CORP.                               COMM   670346105   4,188      65,200 SH       SHARED                       65,200
NUCOR CORP.                               COMM   670346105   2,749      42,800 SH       SOLE                42,800
ORACLE CORPORATION                        COMM   68389X105     287      22,390 SH       SHARED                       22,390
OUTBACK STEAKHOUSE                        COMM   689899102     223       6,230 SH       SHARED                        6,230
PARKER HANNIFIN CORP.                     COMM   701094104   6,238     125,000 SH       SHARED                      125,000
PARKER HANNIFIN CORP.                     COMM   701094104   4,157      83,300 SH       SOLE                83,300
PENNEY, J. C. CO., INC.                   COMM   708160106      61       2,960 SH       SHARED                        2,960




PEPSI BOTTLING GROUP                      COMM   713409100   2,328      90,000 SH       SHARED                       90,000
PEPSI BOTTLING GROUP                      COMM   713409100   1,552      60,000 SH       SOLE                60,000
PEPSICO INC                               COMM   713448108  12,324     239,300 SH       SHARED                      239,300
PEPSICO INC                               COMM   713448108     204       3,964 SH       SHARED                        3,964
PEPSICO INC                               COMM   713448108   8,152     158,291 SH       SOLE               158,291
PEROT SYSTEMS                             COMM   714265105     157       7,880 SH       SHARED                        7,880
(R) PETROCORP INC.                        COMM   71645N101   8,525   1,731,000 SH       SHARED                    1,731,000
PFIZER INC                                COMM   717081103  21,112     531,250 SH       SHARED                      531,250
PFIZER INC                                COMM   717081103     570      14,340 SH       SHARED                       14,340
PFIZER INC                                COMM   717081103  13,615     342,590 SH       SOLE               342,590
PHARMACIA CORP.                           COMM   71713U102   4,625     102,600 SH       SHARED                      102,600
PHARMACIA CORP.                           COMM   71713U102     132       2,930 SH       SHARED                        2,930
PHARMACIA CORP.                           COMM   71713U102   3,083      68,400 SH       SOLE                68,400
PHILIP MORRIS COS INC                     COMM   718154107  11,061     210,000 SH       SHARED                      210,000
PHILIP MORRIS COS INC                     COMM   718154107     262       4,970 SH       SHARED                        4,970
PHILIP MORRIS COS INC                     COMM   718154107   7,338     139,320 SH       SOLE               139,320
PHILLIPS PETROLEUM                        COMM   718507106      56         890 SH       SHARED                          890
POPULAR INC                               COMM   733174106     105       3,610 SH       SHARED                        3,610
PRINCIPAL FINANCIAL GROUP                 COMM   74251V102   1,973      78,000 SH       SHARED                       78,000
PRINCIPAL FINANCIAL GROUP                 COMM   74251V102   1,316      52,000 SH       SOLE                52,000
PROCTER AND GAMBLE                        COMM   742718109   9,459     105,000 SH       SHARED                      105,000
PROCTER AND GAMBLE                        COMM   742718109     266       2,950 SH       SHARED                        2,950
PROCTER AND GAMBLE                        COMM   742718109   6,170      68,490 SH       SOLE                68,490
PROGRESS ENERGY INC                       COMM   743263105   3,753      75,000 SH       SHARED                       75,000
PROGRESS ENERGY INC                       COMM   743263105   2,502      50,000 SH       SOLE                50,000
PROLOGIS TRUST                            COMM   743410102      43       1,860 SH       SHARED                        1,860
PRUDENTIAL FINANCIAL INC                  COMM   744320102   7,980     257,000 SH       SHARED                      257,000
PRUDENTIAL FINANCIAL INC                  COMM   744320102   5,325     171,500 SH       SOLE               171,500
QLOGIC CORP.                              COMM   747277101      99       1,990 SH       SHARED                        1,990
QUALCOMM INC                              COMM   747525103   4,517     120,000 SH       SHARED                      120,000
QUALCOMM INC                              COMM   747525103      71       1,880 SH       SHARED                        1,880
QUALCOMM INC                              COMM   747525103   3,011      80,000 SH       SOLE                80,000
ROBT HALF INTL                            COMM   770323103     166       5,630 SH       SHARED                        5,630
ROYAL DUTCH PETROLEUM CO.                 COMM   780257804     263       4,850 SH       SHARED                        4,850
SBC COMMUNICATIONS INC.                   COMM   78387G103   7,913     211,361 SH       SHARED                      211,361
SBC COMMUNICATIONS INC.                   COMM   78387G103     261       6,970 SH       SHARED                        6,970
SBC COMMUNICATIONS INC.                   COMM   78387G103   5,129     136,985 SH       SOLE               136,985
SEI INVESTMENTS                           COMM   784117103      42         980 SH       SHARED                          980
SK TELECOM CO. LTD. ADR                   COMM   78440P108   1,476      60,000 SH       SHARED                       60,000
SK TELECOM CO. LTD. ADR                   COMM   78440P108     640      26,000 SH       SOLE                26,000
SAFEWAY INC.                              COMM   786514208      47       1,040 SH       SHARED                        1,040
SAMSUNG ELECTRONICS-GDR (SMSN)            COMM   796050888     822       6,000 SH       SHARED                        6,000
SAMSUNG ELECTRONICS-GDR (SMSN)            COMM   796050888     343       2,500 SH       SOLE                 2,500
SANMINA CORP.                             COMM   800907107      97       8,240 SH       SHARED                        8,240
SARA LEE CORP.                            COMM   803111103     116       5,600 SH       SHARED                        5,600
SCHERING PLOUGH CORP                      COMM   806605101     105       3,340 SH       SHARED                        3,340
SCHLUMBERGER LTD                          COMM   806857108   7,058     120,000 SH       SHARED                      120,000
SCHLUMBERGER LTD                          COMM   806857108   4,706      80,000 SH       SOLE                80,000
SCHWAB (CHARLES) CORP                     COMM   808513105      38       2,930 SH       SHARED                        2,930
SEALED AIR CORP                           COMM   81211K100     144       3,050 SH       SHARED                        3,050
TECHNOLOGY SELECT SECT SPDR               COMM   81369Y803  13,002     600,000 SH       SHARED                      600,000
TECHNOLOGY SELECT SECT SPDR               COMM   81369Y803   8,668     400,000 SH       SOLE               400,000
SELECT COMFORT COMMON STOCK               COMM   81616*106  13,027   4,806,022 SH       SHARED                    4,806,022
SHERWIN-WILLIAMS CO                       COMM   824348106     101       3,550 SH       SHARED                        3,550
SIEBEL SYSTEMS                            COMM   826170102   6,848     210,000 SH       SHARED                      210,000
SIEBEL SYSTEMS                            COMM   826170102   4,565     140,000 SH       SOLE               140,000
SOLECTRON CORP.                           COMM   834182107      30       3,870 SH       SHARED                        3,870
SOUTHERN COMPANY                          COMM   842587107   5,563     210,000 SH       SHARED                      210,000
SOUTHERN COMPANY                          COMM   842587107   3,709     140,000 SH       SOLE               140,000
SOUTHWEST AIRLINES CO.                    COMM   844741108   5,805     300,000 SH       SHARED                      300,000
SOUTHWEST AIRLINES CO.                    COMM   844741108   3,870     200,000 SH       SOLE               200,000
SPRINT CORP (FON)                         COMM   852061100      97       6,330 SH       SHARED                        6,330
SPRINT CORP (PCS)                         COMM   852061506      40       3,900 SH       SHARED                        3,900
STARWOOD HOTELS & RESORTS TRUST           COMM   85590A203   6,770     180,000 SH       SHARED                      180,000
STARWOOD HOTELS & RESORTS TRUST           COMM   85590A203   4,513     120,000 SH       SOLE               120,000
SUN MICROSYSTEMS INC                      COMM   866810104   2,225     252,220 SH       SHARED                      252,220
SUN MICROSYSTEMS INC                      COMM   866810104      93      10,570 SH       SHARED                       10,570
SUN MICROSYSTEMS INC                      COMM   866810104   1,693     191,980 SH       SOLE               191,980
SUPERVALU INC                             COMM   868536103      42       1,630 SH       SHARED                        1,630
TECO ENERGY                               COMM   872375100      42       1,480 SH       SHARED                        1,480
TEXAS UTILITIES                           COMM   873168108   2,998      55,000 SH       SHARED                       55,000
TEXAS UTILITIES                           COMM   873168108   1,900      34,850 SH       SOLE                34,850
TAIWAN SEMICONDUCTOR                      COMM   874039100   3,573     172,200 SH       SHARED                      172,200
TAIWAN SEMICONDUCTOR                      COMM   874039100   2,108     101,600 SH       SOLE               101,600
TARGET CORP                               COMM   87612E106   7,762     180,000 SH       SHARED                      180,000
TARGET CORP                               COMM   87612E106      88       2,050 SH       SHARED                        2,050
TARGET CORP                               COMM   87612E106   5,116     118,650 SH       SOLE               118,650
TENET HEALTHCARE CORP                     COMM   88033G100   4,256      63,500 SH       SHARED                       63,500
TENET HEALTHCARE CORP                     COMM   88033G100     136       2,030 SH       SHARED                        2,030
TENET HEALTHCARE CORP                     COMM   88033G100   2,681      40,000 SH       SOLE                40,000
TEXAS INSTRUMENT                          COMM   882508104   4,965     150,000 SH       SHARED                      150,000
TEXAS INSTRUMENT                          COMM   882508104     131       3,970 SH       SHARED                        3,970
TEXAS INSTRUMENT                          COMM   882508104   3,310     100,000 SH       SOLE               100,000
3M COMPANY                                COMM   88579Y101   3,450      30,000 SH       SHARED                       30,000
3M COMPANY                                COMM   88579Y101     101         880 SH       SHARED                          880




3M COMPANY                                COMM   88579Y101   2,289      19,900 SH       SOLE                19,900
TIDEWATER INC.                            COMM   886423102     101       2,380 SH       SHARED                        2,380
TORCHMARK                                 COMM   891027104     117       2,900 SH       SHARED                        2,900
TOTAL SYS SVC                             COMM   891906109      75       2,990 SH       SHARED                        2,990
TRIGON HEALTHCARE INC                     COMM   89618L100      65         880 SH       SHARED                          880
TYCO INTERNATIONAL LTD.                   COMM   902124106      91       2,810 SH       SHARED                        2,810
US BANCORP - NEW                          COMM   902973304     100       4,434 SH       SHARED                        4,434
USA NETWORKS                              COMM   902984103   7,625     240,000 SH       SHARED                      240,000
USA NETWORKS                              COMM   902984103   5,083     160,000 SH       SOLE               160,000
UNILEVER NV                               COMM   904784709      74       1,310 SH       SHARED                        1,310
UNION PACIFIC CORP.                       COMM   907818108   5,593      90,000 SH       SHARED                       90,000
UNION PACIFIC CORP.                       COMM   907818108   3,704      59,600 SH       SOLE                59,600
UNITED PARCEL SERVICE                     COMM   911312106   8,208     135,000 SH       SHARED                      135,000
UNITED PARCEL SERVICE                     COMM   911312106   5,351      88,010 SH       SOLE                88,010
UNITED TECHNOLOGIES CORP.                 COMM   913017109   3,339      45,000 SH       SHARED                       45,000
UNITED TECHNOLOGIES CORP.                 COMM   913017109   2,226      30,000 SH       SOLE                30,000
UNITEDHEALTHCARE GROUP                    COMM   91324P102      40         520 SH       SHARED                          520
VERIZON COMMUNICATIONS                    COMM   92343V104  13,856     300,570 SH       SHARED                      300,570
VERIZON COMMUNICATIONS                    COMM   92343V104     290       6,300 SH       SHARED                        6,300
VERIZON COMMUNICATIONS                    COMM   92343V104   8,908     193,241 SH       SOLE               193,241
WACHOVIA  CORP - NEW                      COMM   929903102     114       3,080 SH       SHARED                        3,080
WAL-MART STORES INC                       COMM   931142103  20,401     332,800 SH       SHARED                      332,800
WAL-MART STORES INC                       COMM   931142103     630      10,280 SH       SHARED                       10,280
WAL-MART STORES INC                       COMM   931142103  13,278     216,608 SH       SOLE               216,608
WALGREEN CO.                              COMM   931422109   9,406     240,000 SH       SHARED                      240,000
WALGREEN CO.                              COMM   931422109   6,259     159,700 SH       SOLE               159,700
WASHINGTON MUTUAL INC                     COMM   939322103      73       2,210 SH       SHARED                        2,210
WEIGHT WATCHERS INTL INC                  COMM   948626106   1,148      30,000 SH       SOLE                30,000
WELLS FARGO & CO                          COMM   949746101     193       3,910 SH       SHARED                        3,910
WORLDCOM INC                              COMM   98157D106      54       8,010 SH       SHARED                        8,010
WYETH CORP                                COMM   983024100  10,438     159,000 SH       SHARED                      159,000
WYETH CORP                                COMM   983024100     199       3,030 SH       SHARED                        3,030
WYETH CORP                                COMM   983024100   6,666     101,540 SH       SOLE               101,540
AMDOCS LTD                                COMM   G02602103   7,342     275,500 SH       SHARED                      275,500
AMDOCS LTD                                COMM   G02602103   4,784     179,500 SH       SOLE               179,500
INGERSOLL-RAND CO                         COMM   G4776G101   7,503     150,000 SH       SHARED                      150,000
INGERSOLL-RAND CO                         COMM   G4776G101   5,002     100,000 SH       SOLE               100,000
QIAGEN NV                                 COMM   N72482107      67       4,510 SH       SHARED                        4,510