13F-HR 1 holdings.txt HOLDINGS REPORT FORM 13 F INFORMATION TABLE
FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY CLASS CUSIP x$1000 PRN AMT PRN DSCRETN MANAGERS SOLE SHARED NONE AGRIUM INC COM 068916108 6580 679760 SH SOLE 679760 0 0 AMERICAN CAPITAL STRATEGIES COM 024937104 1361 48500 SH SOLE 48500 0 0 ANGLO AMERICAN ADR COM 03485P102 3739 249740 SH SOLE 43590 0 206150 ANGLOGOLD ADR COM 35128206 1608 89791 SH SOLE 89791 0 0 ASHANTI GOLDFIELDS GDR COM 043743202 5618 1872500 SH SOLE 1872500 0 0 BAKER HUGHES INC COM 57224107 6147 183500 SH SOLE 183500 0 0 BAXTER INTERNATIONAL INC. COM 071813109 10534 208600 SH SOLE 208600 0 0 BERKSHIRE HATHAWAY "B" COM 084670207 9499 4130 SH SOLE 4130 0 0 BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 11393 376000 SH SOLE 376000 0 0 CNH GLOBAL COM N20935107 2829 477000 SH SOLE 477000 0 0 HCA THE HEALTHCARE COMPANY COM 197677107 6550 144950 SH SOLE 144950 0 0 CONTINENTAL AIRLINES COM 210795308 4132 83900 SH SOLE 83900 0 0 DE BEERS ADR COM 240253302 9836 223400 SH SOLE 223400 0 0 DELL COMPUTER COM 247025109 7557 289000 SH SOLE 289000 0 0 DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 6075 381325 SH SOLE 381325 0 0 EASTMAN KODAK COM 277461109 8127 174100 SH SOLE 174100 0 0 ERICSSON LM TELEPHONE CO ADR COM 294821400 449 82800 SH SOLE 82800 0 0 FIRST DATA CORP COM 319963104 9826 152700 SH SOLE 152700 0 0 FLEET FINANCIAL GROUP INC COM 338915101 3436 87100 SH SOLE 87100 0 0 FLUOR CORP NEW COM 343861100 6100 135100 SH SOLE 135100 0 0 FMC CORP COM 302491303 7233 105500 SH SOLE 105500 0 0 FREEPORT MCMORAN COPPER AND GAS COM 35671D857 4705 425800 SH SOLE 425800 0 0 FRESENIUS MEDICAL CARE - ADR COM 358029106 81180 3432556 SH SOLE 2912092 0 520464 GEORGIA PACIFIC - TIMBER GROUP COM 373298702 4376 122400 SH SOLE 122400 0 0 GENERAL MOTORS CORP COM 370442105 10457 162500 SH SOLE 162500 0 0 HASBRO INC COM 418056107 5000 346000 SH SOLE 346000 0 0 HEWLETT PACKARD COM 428236103 4073 142400 SH SOLE 142400 0 0 IMS HEALTH INC COM 449934108 9157 321300 SH SOLE 321300 0 0 INCO LTD COM 453258402 6502 376700 SH SOLE 376700 0 0 INDUSTRIE NATUZZI SPA ADR COM 456478106 22687 1620489 SH SOLE 1381689 0 238800 J C PENNEY COMPANY INC COM 456478106 9753 370000 SH SOLE 370000 0 0 KANSAS CITY SOUTHERN INDUSTRIES COM 485170302 6657 421300 SH SOLE 421300 0 0 KROGER CO COM 501044101 7103 284100 SH SOLE 284100 0 0 LEAR CORP COM 521865105 6310 180800 SH SOLE 180800 0 0 LIMITED INC COM 532716107 5012 303366 SH SOLE 303366 0 0 LTV CORP COM 501921100 170 1298763 SH SOLE 1298763 0 0 LUXOTTICA GROUP SPA ADR COM 55068R202 92042 5752654 SH SOLE 5041154 0 711500 MANDALAY RESORT GROUP COM 562567107 9042 330000 SH SOLE 330000 0 0 MASSEY ENERGY CO COM 57206106 2670 135100 SH SOLE 135100 0 0 MATTEL COM 577081102 5165 273000 SH SOLE 273000 0 0 MBIA INC COM 55262C100 7433 133500 SH SOLE 133500 0 0 MCCORMICK & CO COM 579780206 6370 150100 SH SOLE 150100 0 0 MERCURY GENERAL CORP COM 589400100 5980 171000 SH SOLE 171000 0 0 MILLENIUM CHEMICALS INC COM 599903101 5841 388100 SH SOLE 388100 0 0 MONSANTO CO COM 61166W101 8251 223000 SH SOLE 223000 0 0 MOODYS CORPORATION COM 615369105 8851 264200 SH SOLE 264200 0 0 NEIMAN MARCUS GROUP INC CLASS B COM 640204202 1280 43399 SH SOLE 43399 0 0 NORTEL NETWORKS CORP COM 656568102 3825 442750 SH SOLE 442750 0 0 NORTHWEST AIRLINES COM 667280101 8636 342000 SH SOLE 342000 0 0 PHILIP MORRIS COMPANIES INC COM 718154107 5173 104500 SH SOLE 104500 0 0 PPG INDUSTRIES INC COM 693506107 6519 124000 SH SOLE 124000 0 0 PROQUEST COMPANY COM 74346P102 11470 370000 SH SOLE 370000 0 0 RAYTHEON "A" COM 755111101 4734 178298 SH SOLE 178298 0 0 READERS DIGEST "A" COM 755267101 6141 213600 SH SOLE 213600 0 0 RYANS FAMILY STEAKHOUSE COM 783519101 3749 306000 SH SOLE 306000 0 0 SOUTH AFRICAN BREWERIES ADR COM 836216309 862 113856 SH SOLE 113856 0 0 SABRE HOLDINGS CORP COM 785905100 5549 110977 SH SOLE 110977 0 0 SARA LEE COM 803111103 5953 314300 SH SOLE 314300 0 0 SBC COMMUNICATIONS INC COM 78387G103 7129 177952 SH SOLE 177952 0 0 TELEFONOS DE MEXICO SA ADR COM 879403780 4383 124900 SH SOLE 85900 0 39000 TEMPLE INLAND COM 879868107 7855 147400 SH SOLE 147400 0 0 TOYS "R" US COM 892335100 11336 458000 SH SOLE 458000 0 0 TRW INC COM 872649108 5756 140400 SH SOLE 140400 0 0 UNITRIN INC COM 913275103 7680 200000 SH SOLE 200000 0 0 UNOVA COM 2116842 1815 263800 SH SOLE 263800 0 0 VITRO SOCIEDAD ANONIMA ADR COM 928502301 2337 878750 SH SOLE 623750 0 255000 WASTE MANAGEMENT INC COM 94106L109 11064 359000 SH SOLE 359000 0 0 WELLPOINT HEALTH NETWORKS COM 94973H108 5598 59400 SH SOLE 59400 0 0 XEROX CORP COM 984121103 7503 784000 SH SOLE 784000 0 0