N-30D 1 conann.htm

Like securities of all mutual funds, these securities have not been approved or disapproved by the Securities and Exchange Commission, and the Securities and Exchange Commission has not determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

Fidelity^®

U.S. Bond Index

Fund

(fund number 651)

Prospectus

April 25, 2001
and

Annual Report

for the year ended February 28, 2001

(fidelity_logo_graphic)

82 Devonshire Street, Boston, MA 02109

Performance	<Click Here>	How the fund has done over time.
Fund Talk	<Click Here>	The manager's review of fund performance, strategy and outlook.
Investment Changes	<Click Here>	A summary of major shifts in the fund's investments over the past six months.
Investments	<Click Here>	A complete list of the fund's investments with their market values.
Financial Statements	<Click Here>	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	<Click Here>	Notes to the financial statements.
Report of Independent Accountants	<Click Here>	The auditors' opinion
Distributions	<Click Here>

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If additional copies of financial reports, prospectuses or historical account information are needed, or for more information on any Fidelity fund including charges and expenses, please call the appropriate number listed below or the number provided to your institutional or employer-sponsored retirement plan. Read the prospectus carefully before you invest or send money.
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Nationwide (800) 843-3001
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This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.

Mutual fund shares are not deposits or obligations of, or guaranteed by, any depository institution. Shares are not insured by the FDIC, Federal Reserve Board or any other agency, and are subject to investment risks, including possible loss of principal amount invested. Neither the fund nor Fidelity Distributions Corporation is a bank.

Annual Report

Performance: The Bottom Line

There are several ways to evaluate a fund's historical performance. You can look at the total percentage change in value, the average annual percentage change or the growth of a hypothetical $100,000 investment. Total return reflects the change in the value of an investment, assuming reinvestment of the fund's dividend income and capital gains (the profits earned upon the sale of securities that have grown in value). You can also look at the fund's income, as reflected in the fund's yield, to measure performance. If Fidelity had not reimbursed certain fund expenses, the total returns and dividends would have been lower.

Cumulative Total Returns

Periods ended February 28, 2001	Past 1 year	Past 5 years	Past 10 years
Fidelity US Bond Index	12.95%	40.77%	117.51%
LB Aggregate Bond	13.44%	41.72%	115.93%
Intermediate US Government Funds	12.30%	34.96%	92.84%

Cumulative total returns show the fund's performance in percentage terms over a set period - in this case, one year, five years or 10 years. For example, if you had invested $1,000 in a fund that had a 5% return over the past year, the value of your investment would be $1,050. You can compare the fund's returns to the performance of the Lehman Brothers Aggregate Bond Index - a market value-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more. To measure how the fund's performance stacked up against its peers, you can compare it to the intermediate U.S. government funds average, which reflects the performance of mutual funds with similar objectives tracked by Lipper Inc. The past one year average represents a peer group of 125 mutual funds. These benchmarks reflect reinvestment of dividends and capital gains, if any, and exclude the effect of sales charges.

Average Annual Total Returns

Periods ended February 28, 2001	Past 1 year	Past 5 years	Past 10 years
Fidelity US Bond Index	12.95%	7.08%	8.08%
LB Aggregate Bond	13.44%	7.22%	8.00%
Intermediate US Government Funds	12.30%	6.17%	6.76%

Average annual total returns take the fund's cumulative return and show you what would have happened if the fund had performed at a constant rate each year. (Note: Lipper calculates average annual total returns by annualizing each fund's total return, then taking an arithmetic average. This may produce a different figure than that obtained by averaging the cumulative total returns and annualizing the result.)

Annual Report

Performance - continued

$100,000 Over 10 Years

$100,000 Over 10 Years: Let's say hypothetically that $100,000 was invested in Fidelity U.S. Bond Index Fund on February 28, 1991. As the chart shows, by February 28, 2001, the value of the investment would have grown to $217,515 - a 117.51% increase on the initial investment. For comparison, look at how the Lehman Brothers Aggregate Bond Index did over the same period. With dividends and capital gains, if any, reinvested, the same $100,000 would have grown to $215,930 - a 115.93% increase.

Understanding
Performance

How a fund did yesterday is no guarantee of how it will do tomorrow. Bond prices, for example, generally move in the opposite direction of interest rates. In turn, the share price, return and yield of a fund that invests in bonds will vary. That means if you sell your shares during a market downturn, you might lose money. But if you can ride out the market's ups and downs, you may have a gain.

Annual Report

Performance - continued

Dividends and Yield

Periods ended February 28, 2001	Past 1 month	Past 6 months	Past 1 year
Dividends per share	5.58¢	36.46¢	71.91¢
Annualized dividend rate	6.82%	7.01%	6.95%
30-day annualized yield	6.10%	-	-

Dividends per share show the income paid by the fund for a set period. If you annualize this number, based on an average share price of $10.66 over the past one month, $10.49 over the past six months and $10.34 over the past one year, you can compare the fund's income over these three periods. The 30-day annualized yield is a standard formula for all funds based on the yields of the bonds in the fund, averaged over the past 30 days. This figure shows you the yield characteristics of the fund's investments at the end of the period. It also helps you compare funds from different companies on an equal basis. If Fidelity had not reimbursed certain fund expenses during the period shown, the yield would have been 5.83%.

Annual Report

Fund Talk: The Manager's Overview

(Portfolio Manager photograph)
An interview with Thomas Silvia, Portfolio Manager of Fidelity U.S. Bond Index Fund

Q. How did the fund perform, Tom?

A. For the 12-month period that ended February 28, 2001, the fund had a total return of 12.95%. To get a sense of how the fund did relative to its competitors, the intermediate U.S. government funds average returned 12.30% for the same 12-month period, according to Lipper Inc. Additionally, the Lehman Brothers Aggregate Bond Index returned 13.44%.

Q. After getting off to a relatively rocky start, most bonds finished the year with very strong returns. What factors led to the market's turnaround?

A. In March 2000, investors remained worried that the Federal Reserve Board would continue to raise interest rates in order to fight potential inflation. That's exactly what the Fed did, punctuating its nearly yearlong inflation fighting campaign with a final 0.50% interest rate-hike in May. As interest rates rose, bond yields generally moved higher and their prices declined. Mid-summer marked a turning point. Repeated signs that interest-rate hikes had begun to slow the economy and reduce the potential for inflation fueled investor optimism that the Fed wouldn't raise rates any further. That optimism later was replaced by hopes that the Fed might be poised to stimulate growth with interest-rate cuts, sending bond yields lower and their prices higher. The Fed complied with the market's wishes in January, reducing interest rates by a full percentage point in two separate cuts. Its failure to cut rates in February caused the market to stumble a bit more recently. Overall, however, most bond indexes ended the 12-month period with double digit returns, vastly outperforming their equity counterparts.

Q. What were the returns for each of the segments that make up the Lehman Brothers Aggregate Bond Index?

A. For the 12-month period that ended February 28, 2001, here's how individual sectors within the index performed: mortgage-backed securities, at about 34.9% of the index, returned 13.22%; corporate securities, which accounted for nearly 24.9% of the index, returned 12.72%; agency securities, at about 10.7% of the index, returned 13.98%; and asset-backed securities, at less than 1.8% of the index, returned 12.98%. Those returns compared to the 13.81% return of U.S. Treasury securities, which made up about 26.0% of the index.

Q. What explains the discrepancy in returns among these sectors?

A. In addition to falling interest rates, Treasury securities were boosted by diminished supply and growing demand. During 2000, the government scaled back the frequency and size of its auctions of new debt and also bought back more than $30 billion in outstanding long-term Treasuries. As supply declined, demand for Treasuries increased as investors sought them out for protection against a weak stock market. Agency securities, which are issued by various agencies of the federal government, occasionally retreated as supply expanded. In addition, the entire agency sector briefly came under pressure when various government officials questioned the line of credit from the U.S. Treasury that give the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) implicit government backing.

Annual Report

Fund Talk: The Manager's Overview - continued

Q. What about mortgage securities and corporate bonds? How did they perform during the past year?

A. Mortgage securities did well early on, although they gave up some ground recently due to fears of prepayment. The rate of mortgage prepayment - which shortens the effective life of mortgage securities and makes them less attractive to investors who may have to turn around and reinvest the proceeds at lower rates - accelerated during the year as homeowners refinanced their mortgages. Corporate securities posted more moderate returns because of concerns that a slowing economy had eroded profitability. In fact, two of the fund's former corporate holdings - Rite Aid and Finova - proved to be its biggest disappointments during the year when both companies encountered serious financial difficulties.

Q. Given that the Lehman Brothers Aggregate Bond Index is made up of more than 5,000 individual securities, how did you choose investments for the fund?

A. It would be impractical and expensive for the fund to own each of the thousands of securities that make up the index. Rather than buy each security, I use an investment process known as stratified sampling, which allows me to assemble a portfolio that replicates the characteristics of the index - such as maturity, sector, credit quality and others - by investing in representative securities. In constructing the portfolio, my goal is to manage the fund so that its performance tracks that of the Lehman Brothers Aggregate Bond Index. While the fund did vary from the index in the individual securities that it owned, its performance was in line with the benchmark.

Q. What's your outlook?

A. There's continued debate over the economy's strength and the direction of interest rates. Many bonds currently are priced with the expectation that several more rate cuts will occur in the months ahead. If those rate cuts materialize, bonds should benefit. If the Fed doesn't cut rates during the next several months, investors are likely to be very disappointed and bonds could be in for a rough period. But no matter what the economic and interest-rate environment, I will manage the fund with the goal of keeping its performance on track with the Lehman Brothers Aggregate Bond Index, just as it is designed to do.

The views expressed in this report reflect those of the portfolio manager only through the end of the period of the report as stated on the cover and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Annual Report

Fund Talk: The Manager's Overview - continued

Fund Facts

Goal: seeks to provide investment results that correspond to the total return of the bonds in the Lehman Brothers Aggregate Bond Index

Start date: March 8, 1990

Size: as of February 28, 2001, more than $2.1 billion

Manager: Thomas Silvia, since 1998; manager, several other Fidelity and Spartan bond funds; joined Fidelity in 1993

Tom Silvia on the possible disappearance of the 30-year Treasury bond:

"Rising U.S. government surpluses and measures to reduce the nation's debt have resulted in an uncertain future for 30-year Treasury bonds. Recent comments by Treasury Secretary Paul O'Neill only fueled speculation that the recent auction of these bonds - already much reduced from previous levels - might be the last. Secretary O'Neill essentially questioned ´how sensible it is' to keep selling bonds if ´all debt is going to be reabsorbed in five years.' But to paraphrase Mark Twain, reports of the death of the 30-year bond may be greatly exaggerated. A slowing economy could mute tax receipts, which would, in turn, shrink the federal budget surplus. Furthermore, President Bush's plan for tax cuts, if enacted, might also diminish tax receipts, thereby keeping the need for debt funding intact. On the other hand, growing Social Security surpluses, which can be used to pay down the government's debt, may support the notion that the supply of Treasuries will continue to taper off. As the fund's portfolio manger, I carefully monitor these and other developments, because they affect not only the Treasury market, but all other segments of the bond market as well."

Annual Report

Investment Changes

Quality Diversification as of February 28, 2001
(Moody's Ratings)	% of fund's investments	% of fund's investments 6 months ago
Aaa	67.2	70.3
Aa	2.6	1.9
A	10.7	11.4
Baa	10.6	11.3
Ba and Below	0.8	0.7
Not Rated	0.6	0.7

Table excludes short-term investments. Where Moody's ratings are not available, we have used S&P^® ratings. Securities rated as Ba or below were rated investment grade by other nationally recognized rating agencies or assigned an investment grade rating at the time of acquisition by Fidelity.

Average Years to Maturity as of February 28, 2001
		6 months ago
Years	7.9	9.0

Average years to maturity is based on the average time remaining until principal payments are expected from each of the fund's bonds, weighted by dollar amount.

Duration as of February 28, 2001
		6 months ago
Years	4.5	4.8

Duration shows how much a bond fund's price fluctuates with changes in comparable interest rates. If rates rise 1%, for example, a fund with a five-year duration is likely to lose about 5% of its value. Other factors also can influence a bond fund's performance and share price. Accordingly, a bond fund's actual performance may differ from this example.

Asset Allocation (% of fund's net assets)
As of February 28, 2001 *			As of August 31, 2000 **
	Corporate Bonds 22.6%			Corporate Bonds 22.4%
	U.S. Government and Government Agency Obligations 69.6%			U.S. Government and Government Agency Obligations 70.0%
	Asset-Backed Securities 2.1%			Asset-Backed Securities 1.5%
	CMOs and Other Mortgage Related Securities 2.0%			CMOs and Other Mortgage Related Securities 1.5%
	Other Investments 1.6%			Other Investments 1.7%
	Short-Term Investments and Net Other Assets 2.1%			Short-Term Investments and Net Other Assets 2.9%
* Foreign investments		4.9%	** Foreign investments		5.7%

Annual Report

Investments February 28, 2001

Showing Percentage of Net Assets

Nonconvertible Bonds - 22.6%
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
CONSUMER DISCRETIONARY - 2.7%
Auto Components - 0.3%
Daimler-Chrysler North America Holding Corp. 8% 6/15/10	A3	$ 7,000		$ 7,106
Hotels Restaurants & Leisure - 0.1%
Royal Caribbean Cruises Ltd. 8.75% 2/2/11	Baa3	3,400		3,513
Media - 1.7%
British Sky Broadcasting Group PLC yankee 7.3% 10/15/06	Ba1	3,000		2,976
Chancellor Media Corp. 8% 11/1/08	Ba1	7,000		7,175
Continental Cablevision, Inc. 8.3% 5/15/06	A3	5,000		5,404
Hearst-Argyle Television, Inc. 7.5% 11/15/27	Baa3	3,280		2,949
News America, Inc. 7.3% 4/30/28	Baa3	5,000		4,508
TCI Communications, Inc. 8.75% 8/1/15	A3	5,535		6,208
Time Warner Entertainment Co. LP 8.375% 7/15/33	Baa1	6,000		6,708
				35,928
Multiline Retail - 0.6%
Federated Department Stores, Inc.:
6.79% 7/15/27	Baa1	1,800		1,822
8.5% 6/1/10	Baa1	4,000		4,432
Kmart Corp. 9.375% 2/1/06	Baa3	3,400		3,324
Target Corp. 6.35% 1/15/11	A2	3,000		3,035
				12,613
TOTAL CONSUMER DISCRETIONARY				59,160
CONSUMER STAPLES - 1.1%
Food Products - 0.5%
ConAgra Foods, Inc.:
5.5% 10/15/02	Baa1	2,400		2,396
6.7% 8/1/27	Baa1	4,000		3,994
Nabisco, Inc. 6.85% 6/15/05	A2	5,000		5,076
				11,466
Household Products - 0.5%
Clorox Co. 6.125% 2/1/11	A1	5,000		4,987
Fort James Corp. 6.625% 9/15/04	Baa3	5,791		5,607
				10,594
Nonconvertible Bonds - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
CONSUMER STAPLES - continued
Tobacco - 0.1%
Philip Morris Companies, Inc. 7% 7/15/05	A2	$ 1,015		$ 1,047
TOTAL CONSUMER STAPLES				23,107
ENERGY - 0.7%
Oil & Gas - 0.7%
Oryx Energy Co. 8.125% 10/15/05	Baa1	7,935		8,532
Phillips Petroleum Co. 8.75% 5/25/10	Baa2	2,345		2,719
Texas Eastern Transmission Corp. 7.3% 12/1/10	A2	3,000		3,136
				14,387
FINANCIALS - 10.9%
Banks - 2.5%
Bank of America Corp. 7.8% 2/15/10	Aa3	5,000		5,351
Bank One Capital III 8.75% 9/1/30	Aa3	3,300		3,482
BankBoston NA 7% 9/15/07	A2	5,143		5,315
Barclays Bank PLC 8.55% 9/29/49 (b)(c)	Aa2	3,240		3,540
Barnett Banks, Inc. 10.875% 3/15/03	Aa3	1,020		1,122
Commonwealth Bank of Australia yankee 8.5% 6/1/10	Aa3	1,100		1,246
Edison Mission Energy Funding Corp. 6.77% 9/15/03 (c)	Caa2	2,788		2,426
First Tennessee National Corp. 6.75% 11/15/05	A3	1,540		1,572
Kansallis-Osake-Pankki yankee 10% 5/1/02	A1	3,110		3,257
Korea Development Bank 7.375% 9/17/04	Baa2	4,500		4,571
Mellon Financial Co. 6.7% 3/1/08	A2	5,000		5,101
Merita Bank Ltd. yankee 6.5% 1/15/06	A1	2,100		2,124
PNC Funding Corp. 7.5% 11/1/09	A3	7,000		7,468
Popular, Inc. 6.2% 4/30/01	A3	1,325		1,324
Providian National Bank:
6.25% 5/7/01	Baa3	3,390		3,386
6.75% 3/15/02	Baa3	1,310		1,318
Union Planters Corp. 6.75% 11/1/05	Baa2	1,500		1,492
				54,095
Diversified Financials - 7.0%
Abbey National Capital Trust I 8.963% 12/29/49 (b)	Aa3	3,080		3,388
Ahmanson Capital Trust I 8.36% 12/1/26 (c)	A3	4,800		4,625
Amvescap PLC yankee 6.375% 5/15/03	A2	4,835		4,851
Aristar, Inc. 6% 5/15/02	A3	1,600		1,605
Nonconvertible Bonds - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
FINANCIALS - continued
Diversified Financials - continued
Athena Neurosciences Finance LLC 7.25% 2/21/08	Baa2	$ 7,000		$ 7,089
Boeing Capital Corp. 7.375% 9/27/10	A2	5,000		5,453
Burlington Resources Finance Co. 6.68% 2/15/11	A3	5,000		5,061
CIT Group, Inc. 7.375% 3/15/03	A1	450		464
Countrywide Funding Corp. 6.45% 2/27/03	A3	5,000		5,059
Diageo Capital PLC yankee 7.25% 11/1/09	A1	4,000		4,229
Ford Motor Credit Co. 5.75% 2/23/04	A2	8,000		7,910
General Motors Acceptance Corp. 5.85% 1/14/09	A2	10,000		9,367
Goldman Sachs Group, Inc. 6.875% 1/15/11	A1	3,000		3,051
Household Finance Corp. 6.5% 1/24/06	A2	5,000		5,110
ING Capital Funding Trust III 8.439% 12/31/10	Aa3	3,500		3,701
Lehman Brothers Holdings 7% 5/15/03	A2	4,000		4,098
MMI Capital Trust I 7.625% 12/15/27	Ba1	5,000		4,496
Pepsi Bottling Holdings, Inc. 5.625% 2/17/09	A1	7,000		6,825
Popular North America, Inc. 7.375% 9/15/01	A3	2,540		2,561
Sears Roebuck Acceptance Corp. 7% 2/1/11	A3	11,000		10,991
Spear, Leeds & Kellogg LP/SLK Capital Corp. 8.25% 8/15/05 (c)	A1	5,000		5,380
Sprint Capital Corp.:
5.7% 11/15/03	Baa1	4,000		3,891
6.125% 11/15/08	Baa1	5,000		4,577
State Street Corp. 7.65% 6/15/10	A1	5,000		5,500
Textron Financial Corp. 7.125% 12/9/04	A2	7,000		7,218
Trizec Finance Ltd. yankee 10.875% 10/15/05	Baa3	1,470		1,491
TXU Eastern Funding yankee 6.75% 5/15/09	Baa1	1,200		1,134
U.S. West Capital Funding, Inc. 6.875% 7/15/28	Baa1	5,000		4,412
UBS Preferred Funding Trust 1 8.622% 12/29/49	Aa2	4,300		4,699
Unicredito Italiano Capital Trust II 9.2% 10/29/49 (b)(c)	A1	3,000		3,202
Unilever Capital Corp. 7.125% 11/1/10	A1	7,000		7,469
				148,907
Insurance - 0.9%
American General Corp. 7.5% 8/11/10	A2	5,000		5,416
Nonconvertible Bonds - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
FINANCIALS - continued
Insurance - continued
Metropolitan Life Insurance Co. 6.3% 11/1/03 (c)	A1	$ 8,560		$ 8,641
The MONY Group, Inc. 7.45% 12/15/05	Baa1	5,000		5,069
				19,126
Real Estate - 0.5%
Arden Realty LP 8.875% 3/1/05	Baa3	2,180		2,293
AvalonBay Communities, Inc. 6.58% 2/15/04	Baa1	2,000		2,013
CenterPoint Properties Trust 6.75% 4/1/05	Baa2	4,600		4,551
Simon Property Group LP 7.375% 1/20/06 (c)	Baa1	2,700		2,732
				11,589
TOTAL FINANCIALS				233,717
INDUSTRIALS - 2.3%
Aerospace & Defense - 0.3%
Raytheon Co. 8.3% 3/1/10	Baa2	5,000		5,588
Air Freight & Couriers - 0.3%
FedEx Corp. 6.875% 2/15/06 (c)	Baa2	6,000		6,114
Airlines - 0.4%
Continental Airlines, Inc. pass thru trust certificates Series 1997 1 Class CI, 7.42% 10/1/08	Baa1	1,331		1,351
Delta Air Lines, Inc.:
Series 2000 1 Class A2, 7.57% 11/18/10	Aa2	1,220		1,312
7.9% 12/15/09	Baa3	7,000		6,825
				9,488
Electrical Equipment - 0.2%
Comdisco, Inc.:
6.13% 8/1/01	Baa2	2,000		1,950
7.25% 9/1/02	Baa2	2,660		2,394
				4,344
Machinery - 0.4%
Tyco International Group SA yankee:
6.375% 6/15/05	Baa1	2,255		2,281
6.875% 9/5/02	Baa1	5,150		5,237
				7,518
Road & Rail - 0.7%
Canadian National Railway Co. yankee 6.9% 7/15/28	Baa2	3,150		3,034
Nonconvertible Bonds - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
INDUSTRIALS - continued
Road & Rail - continued
CSX Corp. 6.46% 6/22/05	Baa2	$ 2,000		$ 2,001
Hertz Corp. 7.625% 8/15/07	A3	4,605		4,733
Norfolk Southern Corp. 6.75% 2/15/11	Baa1	3,020		3,029
Wisconsin Central Transportation Corp. 6.625% 4/15/08	Baa2	3,150		3,051
				15,848
TOTAL INDUSTRIALS				48,900
INFORMATION TECHNOLOGY - 0.8%
Communications Equipment - 0.6%
Corning, Inc. 6.85% 3/1/29	A2	2,330		2,066
Motorola, Inc. 7.625% 11/15/10	A2	5,000		4,834
Nortel Networks Corp. 6.125% 2/15/06	A2	5,000		4,844
				11,744
Computers & Peripherals - 0.2%
Compaq Computer Corp. 7.45% 8/1/02	Baa2	4,900		4,947
TOTAL INFORMATION TECHNOLOGY				16,691
MATERIALS - 0.6%
Chemicals - 0.5%
Praxair, Inc. 6.75% 3/1/03	A3	4,000		4,085
Rohm & Haas Co. 6.95% 7/15/04	A3	6,000		6,148
				10,233
Paper & Forest Products - 0.1%
Abitibi-Consolidated, Inc. yankee 8.55% 8/1/10	Baa3	2,370		2,533
TOTAL MATERIALS				12,766
TELECOMMUNICATION SERVICES - 1.3%
Diversified Telecommunication Services - 1.3%
British Telecommunications PLC 8.625% 12/15/30	A2	5,000		5,204
Cable & Wireless Optus Finance Property Ltd. 8% 6/22/10 (c)	Baa1	1,800		1,996
Koninklijke KPN NV yankee 8% 10/1/10	Baa2	7,000		6,813
Telecomunicaciones de Puerto Rico, Inc. 6.65% 5/15/06	Baa1	1,990		1,924
Nonconvertible Bonds - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
Telefonos de Mexico SA de CV 8.25% 1/26/06 (c)	Baa3	$ 5,000		$ 4,993
Teleglobe Canada, Inc. yankee 7.7% 7/20/29	Baa1	5,000		5,012
WorldCom, Inc. 8.875% 1/15/06	A3	2,014		2,059
				28,001
UTILITIES - 2.2%
Electric Utilities - 1.0%
Avon Energy Partners Holdings:
6.46% 3/4/08 (c)	Baa2	5,000		4,714
6.73% 12/11/02 (c)	Baa2	4,450		4,464
Dominion Resources, Inc. 8.125% 6/15/10	Baa1	1,700		1,876
Israel Electric Corp. Ltd. 7.1% 12/15/07 (c)	A3	3,000		2,824
Massachusetts Electric Co. 6.78% 11/20/06	A1	2,000		2,088
Nisource Finance Corp. 7.875% 11/15/10 (c)	Baa2	4,000		4,332
Texas Utilities Electric Co. 6.75% 4/1/03	A3	1,575		1,613
				21,911
Gas Utilities - 0.9%
El Paso Energy Corp. 6.75% 5/15/09	Baa2	5,000		5,042
Enserch Corp. 6.25% 1/1/03	Baa2	4,375		4,407
Reliant Energy Resources Corp. 8.125% 7/15/05	Baa1	6,700		6,958
Sempra Energy 7.95% 3/1/10	A2	995		1,007
Southwest Gas Corp. 9.75% 6/15/02	Baa2	3,020		3,159
				20,573
Multi-Utilities - 0.3%
Enron Corp. 6.4% 7/15/06	Baa1	6,000		6,020
TOTAL UTILITIES				48,504
TOTAL NONCONVERTIBLE BONDS (Cost $476,701)			485,233
U.S. Government and Government Agency Obligations - 34.6%

U.S. Government Agency Obligations - 11.1%
Fannie Mae:
5.25% 1/15/09	Aaa	15,000		14,651
6.25% 2/1/11	Aa2	15,365		15,788
U.S. Government and Government Agency Obligations - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
U.S. Government Agency Obligations - continued
Fannie Mae: - continued
6.625% 11/15/10	Aaa	$ 2,895		$ 3,094
7.25% 1/15/10	Aaa	600		665
7.25% 5/15/30	Aaa	16,695		19,195
Federal Agricultural Mortgage Corp. 6.92% 8/10/02	Aaa	1,040		1,068
Federal Home Loan Bank:
5.125% 9/15/03	Aaa	1,880		1,887
6.375% 11/15/02	Aaa	65,000		66,625
Federal National Mortgage Association:
0% 4/8/03	Aaa	1,000		903
0% 10/8/04	Aaa	1,000		832
Freddie Mac:
5.25% 2/15/04	Aaa	1,125		1,131
5.25% 1/15/06	Aaa	16,000		15,998
5.5% 2/12/04	Aaa	30,200		30,276
5.75% 3/15/09	Aaa	12,000		12,088
6.75% 3/15/31	Aaa	13,085		14,205
Government Loan Trusts (assets of Trust guaranteed by U.S. Government through Agency for International Development) 8.5% 4/1/06	Aaa	2,182		2,356
Government Trust Certificates (assets of Trust guaranteed by U.S. Government through Defense Security Assistance Agency):
Class 1-C, 9.25% 11/15/01	Aaa	190		193
Class 2-E, 9.4% 5/15/02	Aaa	206		209
Class 3-T, 9.625% 5/15/02	Aaa	278		283
Guaranteed Export Trust Certificates (assets of Trust guaranteed by U.S. Government through Export-Import Bank):
Series 1993-C, 5.2% 10/15/04	Aaa	705		704
Series 1993-D, 5.23% 5/15/05	Aaa	340		340
Series 1995-A, 6.28% 6/15/04	Aaa	5,584		5,679
Series 1995-B, 6.13% 6/15/04	Aaa	7,000		7,102
Guaranteed Trade Trust Certificates (assets of Trust guaranteed by U.S. Government through Export-Import Bank) Series 1997-A, 6.104% 7/15/03	Aaa	2,083		2,106
U.S. Government and Government Agency Obligations - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
U.S. Government Agency Obligations - continued
Overseas Private Investment Corp. U.S. Government guaranteed participation certificates:
Series 1994-195, 6.08% 8/15/04	Aaa	$ 966		$ 988
Series 1998-196A, 5.926% 6/15/05 (callable)	-	1,975		2,014
Private Export Funding Corp. secured:
5.31% 11/15/03 (c)	Aaa	1,995		2,005
5.48% 9/15/03	Aaa	975		979
5.65% 3/15/03	Aaa	797		797
5.8% 2/1/04	Aaa	1,140		1,152
6.86% 4/30/04	Aaa	478		490
U.S. Department of Housing and Urban Development government guaranteed participation certificates Series 1999-A:
5.75% 8/1/06	-	7,500		7,617
5.96% 8/1/09	-	3,600		3,593
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS				237,013
U.S. Treasury Obligations - 23.5%
U.S. Treasury Bonds:
6.125% 11/15/27	Aaa	16,900		18,276
6.125% 8/15/29	Aaa	21,050		22,938
6.625% 2/15/27	Aaa	9,500		10,912
8% 11/15/21	Aaa	4,610		6,016
8.125% 5/15/21	Aaa	2,000		2,634
8.75% 5/15/17	Aaa	6,790		9,198
8.875% 8/15/17	Aaa	40,000		54,825
10.375% 11/15/09	Aaa	34,500		40,834
11.25% 2/15/15	Aaa	54,000		85,311
12% 8/15/13	Aaa	35,300		50,324
12.75% 11/15/10 (callable)	Aaa	20,000		26,497
14% 11/15/11	Aaa	66,480		96,043
U.S. Treasury Notes 6.5% 5/31/02	Aaa	78,000		79,828
TOTAL U.S. TREASURY OBLIGATIONS				503,636
TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $730,786)			740,649
U.S. Government Agency - Mortgage Securities - 35.0%
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
Fannie Mae - 13.2%
5.5% 1/1/09 to 4/1/11	Aaa	$ 5,878		$ 5,827
6% 8/1/13 to 12/1/24	Aaa	22,540		22,478
6.5% 12/1/08 to 12/1/30	Aaa	65,539		65,476
7% 3/1/15 to 1/1/31	Aaa	49,618		50,328
7.5% 11/1/07 to 2/1/31	Aaa	108,065		110,389
8% 11/1/08 to 6/1/30	Aaa	22,428		23,149
8.5% 6/1/17 to 8/1/23	Aaa	3,215		3,369
9.5% 12/1/09 to 9/1/21	Aaa	1,606		1,707
10.75% 9/1/10 to 5/1/14	Aaa	127		141
11.25% 5/1/14	Aaa	16		19
11.5% 8/1/14	Aaa	59		66
12.5% 1/1/15	Aaa	9		10
13.5% 11/1/14	Aaa	12		14
14% 3/1/12 to 9/1/13	Aaa	104		119
TOTAL FANNIE MAE				283,092
Freddie Mac - 11.0%
6% 4/1/28 to 11/1/30	Aaa	35,157		34,423
6.5% 10/1/07	Aaa	324		329
6.5% 3/1/31 (d)	Aaa	17,000		16,963
7% 2/1/30 to 2/1/31	Aaa	89,455		90,517
7.5% 9/1/15 to 1/1/31	Aaa	40,968		41,875
8% 7/1/16 to 2/1/28	Aaa	41,707		42,976
8.5% 9/1/19 to 1/1/28	Aaa	2,348		2,463
9% 11/1/01 to 10/1/16	Aaa	173		182
9.5% 10/1/08 to 8/1/30	Aaa	4,057		4,245
10% 6/1/20	Aaa	58		63
10.5% 5/1/09 to 12/1/15	Aaa	102		110
11% 5/1/15 to 9/1/20	Aaa	1,198		1,329
11.5% 8/1/13 to 10/1/15	Aaa	52		58
11.75% 9/1/13	Aaa	28		31
12% 2/1/13 to 7/1/15	Aaa	31		35
12.75% 8/1/12 to 10/1/13	Aaa	37		42
13.5% 12/1/14	Aaa	179		209
TOTAL FREDDIE MAC				235,850
Government National Mortgage Association - 10.8%
6% 12/15/08 to 4/15/09	Aaa	1,224		1,241
6.5% 6/15/23 to 2/15/31	Aaa	89,516		89,510
7% 12/15/22 to 11/15/30 (f)	Aaa	38,530		39,113
U.S. Government Agency - Mortgage Securities - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
Government National Mortgage Association - continued
7.5% 2/15/17 to 9/15/28	Aaa	$ 64,652		$ 66,271
8% 7/15/18 to 8/15/30	Aaa	21,366		22,108
8.5% 7/15/27 to 12/15/30	Aaa	10,917		11,330
9.5% 3/15/23	Aaa	75		81
10.5% 5/20/16 to 1/20/18	Aaa	1,203		1,325
TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION				230,979
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES (Cost $737,252)			749,921
Asset-Backed Securities - 2.1%

ANRC Auto Owner Trust 7.06% 5/17/04	Aaa	5,000		5,147
BankAmerica Manufacturing Housing Contract Trust V 6.2% 4/10/09	Aaa	2,390		2,408
Capital One Master Trust:
5.43% 1/15/07	Aaa	5,000		5,007
7.2% 8/15/08	Aaa	5,000		5,303
CIT Marine Trust 5.8% 4/15/10	Aaa	5,000		5,046
CS First Boston Mortgage Securities Corp. 7% 3/15/27	Aaa	1,011		1,014
Key Auto Finance Trust 6.65% 10/15/03	Baa3	90		90
Navistar Financial Owner Trust 7.34% 1/15/07	Aaa	6,000		6,287
Olympic Automobile Receivables Trust 6.125% 11/15/04	Aaa	226		226
Onyx Acceptance Owner Trust 6.85% 8/15/07	Aaa	5,000		5,158
Sears Credit Account Master Trust II 6.2% 7/16/07	Aaa	5,000		5,072
Toyota Auto Receivables Owner Trust 6.76% 8/15/04	Aaa	3,500		3,591
TOTAL ASSET-BACKED SECURITIES (Cost $43,195)			44,349
Commercial Mortgage Securities - 2.0%

Allied Capital Commercial Mortgage Trust sequential pay Series 1998-1 Class A, 6.31% 1/25/28 (c)	Aaa	668		669
First Union National Bank Commercial Mortgage Trust Series 1999-C4 Class A2, 7.39% 11/15/09	Aaa	12,639		13,494
Commercial Mortgage Securities - continued
Moody's Ratings (unaudited) (a)		Principal Amount (000s)		Value (Note 1) (000s)
First Union-Lehman Brothers Commercial Mortgage Trust sequential pay Series 1997-C2 Class B, 6.79% 11/18/29	Aa2	$ 15,000		$ 15,523
Heller Financial Commercial Mortgage Asset Corp. sequential pay Series 2000-PH1 Class A1, 7.715% 9/15/08	Aaa	4,780		5,032
Thirteen Affiliates of General Growth Properties, Inc. Series 1 Class C1, 6.762% 12/15/07 (c)	A2	8,000		8,153
TOTAL COMMERCIAL MORTGAGE SECURITIES (Cost $42,067)			42,871
Foreign Government and Government Agency Obligations (e) - 1.6%

Chile Republic 6.875% 4/28/09	Baa1	3,500		3,494
Korean Republic yankee 8.875% 4/15/08	Baa2	5,000		5,489
Malaysian Government yankee 8.75% 6/1/09	Baa2	6,000		6,664
Newfoundland Province yankee 11.625% 10/15/07	Baa1	4,000		5,094
Quebec Province 6.125% 1/22/11	A2	7,000		7,035
United Mexican States 9.875% 2/1/10	Baa3	6,800		7,262
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $34,862)			35,038

Cash Equivalents - 8.1%
	Maturity Amount (000s)
Investments in repurchase agreements (U.S. Government Obligations), in a joint trading account at 5.5%, dated 2/28/01 due 3/1/01 (Cost $172,854)	$ 172,880		172,854
TOTAL INVESTMENT PORTFOLIO - 106.0% (Cost $2,237,717)		2,270,915
NET OTHER ASSETS - (6.0)%		(128,580)
NET ASSETS - 100%		$ 2,142,335

Legend

(a) S&P credit ratings are used in the absence of a rating by Moody's Investors Service, Inc.

(b) Debt obligation initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the period end, the value of these securities amounted to $70,810,000 or 3.3% of net assets.

(d) Security purchased on a delayed delivery or when-issued basis.

(e) For foreign government obligations not individually rated by S&P or Moody's, the ratings listed have been assigned by FMR, the fund's investment adviser, based principally on S&P and Moody's ratings of the sovereign credit of the issuing government.

(f) A portion of this security is subject to a forward commitment to sell.

Other Information

Effective with this report, industry classifications follow the MSCI/S&P Global Industry Classification Standard. This replaces the U.S. Standard Industrial Classification system that is being phased out.

The composition of long-term debt holdings as a percentage of total value of investments in securities, is as follows (ratings are unaudited):

Moody's Ratings		S&P Ratings
Aaa, Aa, A	80.5%	AAA, AA, A	72.6%
Baa	10.6%	BBB	10.6%
Ba	0.6%	BB	0.9%
B	0.0%	B	0.0%
Caa	0.1%	CCC	0.0%
Ca, C	0.0%	CC, C	0.0%
		D	0.0%

The percentage not rated by Moody's or S&P amounted to 0.6%.

Income Tax Information

At February 28, 2001, the aggregate cost of investment securities for income tax purposes was $2,237,840,000. Net unrealized appreciation aggregated $33,075,000, of which $43,882,000 related to appreciated investment securities and $10,807,000 related to depreciated investment securities.

At February 28, 2001, the fund had a capital loss carryforward of approximately $32,870,000 of which $22,625,000 and $10,245,000 will expire on February 29, 2008 and February 28, 2009, respectively.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements

Statement of Assets and Liabilities

Amounts in thousands (except per-share amount)	February 28, 2001
Assets
Investment in securities, at value (including repurchase agreements of $172,854) (cost $2,237,717) - See accompanying schedule		$ 2,270,915
Cash		1,216
Receivable for investments sold		26,201
Receivable for fund shares sold		9,022
Interest receivable		23,260
Total assets		2,330,614
Liabilities
Payable for investments purchased Regular delivery	$ 168,952
Delayed delivery	16,904
Payable for fund shares redeemed	1,495
Distributions payable	336
Accrued management fee	102
Other payables and accrued expenses	490
Total liabilities		188,279
Net Assets		$ 2,142,335
Net Assets consist of:
Paid in capital		$ 2,141,832
Undistributed net investment income		528
Accumulated undistributed net realized gain (loss) on investments		(33,223)
Net unrealized appreciation (depreciation) on investments		33,198
Net Assets, for 199,829 shares outstanding		$ 2,142,335
Net Asset Value, offering price and redemption price per share ($2,142,335 ÷ 199,829 shares)		$10.72

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Operations

Amounts in thousands	Year ended February 28, 2001
Investment Income Interest		$ 122,222
Security lending		77
Total income		122,299
Expenses
Management fee	$ 5,481
Transfer agent fees	2,288
Accounting and security lending fees	385
Non-interested trustees' compensation	5
Custodian fees and expenses	127
Registration fees	225
Audit	49
Legal	6
Interest	1
Miscellaneous	4
Total expenses before reductions	8,571
Expense reductions	(3,285)	5,286
Net investment income		117,013
Realized and Unrealized Gain (Loss) Net realized gain (loss) on investment securities		2,765
Change in net unrealized appreciation (depreciation) on investment securities		91,569
Net gain (loss)		94,334
Net increase (decrease) in net assets resulting from operations		$ 211,347

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Changes in Net Assets

Amounts in thousands	Year ended February 28, 2001	Year ended February 29, 2000
Increase (Decrease) in Net Assets
Operations Net investment income	$ 117,013	$ 93,699
Net realized gain (loss)	2,765	(33,761)
Change in net unrealized appreciation (depreciation)	91,569	(44,246)
Net increase (decrease) in net assets resulting from operations	211,347	15,692
Distributions to shareholders From net investment income	(118,971)	(93,349)
From net realized gain	-	(6,645)
In excess of net realized gain	-	(762)
Total distributions	(118,971)	(100,756)
Share transactions Net proceeds from sales of shares	1,234,671	940,208
Reinvestment of distributions	114,206	97,054
Cost of shares redeemed	(836,440)	(709,196)
Net increase (decrease) in net assets resulting from share transactions	512,437	328,066
Total increase (decrease) in net assets	604,813	243,002
Net Assets
Beginning of period	1,537,522	1,294,520
End of period (including undistributed net investment income of $528 and $820, respectively)	$ 2,142,335	$ 1,537,522
Other Information Shares
Sold	118,383	90,129
Issued in reinvestment of distributions	11,000	9,331
Redeemed	(80,721)	(68,189)
Net increase (decrease)	48,662	31,271

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended February 28,	2001	2000 ^E	1999	1998	1997
Selected Per-Share Data
Net asset value, beginning of period	$ 10.170	$ 10.800	$ 10.800	$ 10.480	$ 10.710
Income from Investment Operations Net investment income ^B	.708	.678	.690	.738	.739
Net realized and unrealized gain (loss)	.561	(.573)	(.003)	.316	(.235)
Total from investment operations	1.269	.105	.687	1.054	.504
Less Distributions
From net investment income	(.719)	(.675)	(.687)	(.734)	(.734)
From net realized gain	-	(.054)	-	-	-
In excess of net realized gain	-	(.006)	-	-	-
Total distributions	(.719)	(.735)	(.687)	(.734)	(.734)
Net asset value, end of period	$ 10.720	$ 10.170	$ 10.800	$ 10.800	$ 10.480
Total Return ^A	12.95%	1.03%	6.48%	10.41%	4.93%
Ratios and Supplemental Data
Net assets, end of period (in millions)	$ 2,142	$ 1,538	$ 1,295	$ 815	$ 568
Ratio of expenses to average net assets	.32% ^C	.32% ^C	.32% ^C	.32% ^C	.32% ^C
Ratio of expenses to average net assets after expense reductions	.31% ^D	.31% ^D	.31% ^D	.31% ^D	.31% ^D
Ratio of net investment income to average net assets	6.84%	6.53%	6.35%	6.98%	7.05%
Portfolio turnover rate	144%	133%	184%	97%	65%

^A The total returns would have been lower had certain expenses not been reduced during the periods shown.

^B Net investment income per share has been calculated based on average shares outstanding during the period.

^C FMR agreed to reimburse a portion of the fund's expenses during the period. Without this reimbursement, the fund's expense ratio would have been higher.

^D FMR or the fund has entered into varying arrangements with third parties who either paid or reduced a portion of the fund's expenses.

^E For the year ended February 29

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended February 28, 2001

1. Significant Accounting Policies.

Fidelity U.S. Bond Index Fund (the fund) is a fund of Fidelity Concord Street Trust (the trust) and is authorized to issue an unlimited number of shares. The trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company organized as a Massachusetts business trust. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which require management to make certain estimates and assumptions at the date of the financial statements. The following summarizes the significant accounting policies of the fund:

Security Valuation. Securities are valued based upon a computerized matrix system and/or appraisals by a pricing service, both of which consider market transactions and dealer-supplied valuations. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value as determined in good faith under consistently applied procedures under the general supervision of the Board of Trustees. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost or original cost plus accrued interest, both of which approximate current value. Investments in open-end investment companies are valued at their net asset value each business day.

Income Taxes. As a qualified regulated investment company under Subchapter M of the Internal Revenue Code, the fund is not subject to income taxes to the extent that it distributes all of its taxable income for its fiscal year. The schedule of investments includes information regarding income taxes under the caption "Income Tax Information."

Investment Income. Interest income, which includes accretion of original issue discount, is accrued as earned.

Expenses. Most expenses of the trust can be directly attributed to a fund. Expenses which cannot be directly attributed are apportioned among the funds in the trust.

Distributions to Shareholders. Distributions are declared daily and paid monthly from net investment income. Distributions from realized gains, if any, are recorded on the ex-dividend date.

Income and capital gain distributions are determined in accordance with income tax regulations which may differ from generally accepted accounting principles. These differences, which may result in distribution reclassifications, are primarily due to differing treatments for paydown gains/losses on certain securities, market discount, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.

Annual Report

Notes to Financial Statements - continued

1. Significant Accounting Policies - continued

Distributions to Shareholders - continued

which will reverse in a subsequent period. Any taxable income or gain remaining at fiscal year end is distributed in the following year.

Security Transactions. Security transactions are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost.

Change in Accounting Principle. Effective March 1, 2001, the fund will adopt the provisions of the AICPA Audit and Accounting Guide for Investment Companies and will begin amortizing premium and discount on all debt securities, as required. This accounting principle change will not have an impact on total net assets but will result in an increase or decrease to cost of securities held and a corresponding change to net investment income.

The cumulative effect of this accounting change will not have an impact on total net assets but will result in an increase or decrease to cost of securities held and a corresponding change to accumulated net undistributed realized gain (loss).

2. Operating Policies.

Joint Trading Account. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the fund, along with other affiliated entities of Fidelity Management & Research Company (FMR), may transfer uninvested cash balances into one or more joint trading accounts. These balances are invested in one or more repurchase agreements for U.S. Treasury or Federal Agency obligations.

Repurchase Agreements. The underlying U.S. Treasury, Federal Agency, or other obligations found to be satisfactory by FMR are transferred to an account of the fund, or to the Joint Trading Account, at a custodian bank. The securities are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). FMR, the fund's investment adviser, is responsible for determining that the value of the underlying securities remains in accordance with the market value requirements stated above.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with other registered investment companies having management contracts with FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating funds.

Delayed Delivery Transactions. The fund may purchase or sell securities on a delayed delivery basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated.

Annual Report

Notes to Financial Statements - continued

2. Operating Policies - continued

Delayed Delivery Transactions - continued

The market values of the securities purchased on a delayed delivery basis are identified as such in the fund's schedule of investments. The fund may receive compensation for interest forgone in the purchase of a delayed delivery security. With respect to purchase commitments, the fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

Restricted Securities. The fund is permitted to invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. At the end of the period, the fund had no investments in restricted securities (excluding 144A issues).

3. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $2,867,857,000 and $2,388,373,000, respectively, of which U.S. government and government agency obligations aggregated $2,308,647,000 and $1,970,674,000, respectively.

4. Fees and Other Transactions with Affiliates.

Management Fee. As the fund's investment adviser, FMR receives a fee that is computed daily at an annual rate of .32% of the fund's average net assets.

Sub-Adviser Fee. FMR, on behalf of the fund, has entered into a sub-advisory agreement with Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR. For its services, FIMM receives a fee from FMR of 50% of the management fee payable to FMR. The fee is paid prior to any voluntary expense reimbursements which may be in effect.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the fund's transfer, dividend disbursing and shareholder servicing agent. FIIOC receives account fees and asset-based fees that vary according to account size and type of account. FIIOC pays for typesetting, printing and mailing of all shareholder reports, except proxy statements. For the period, the transfer agent fees were equivalent to an annual rate of .13% of average net assets.

Accounting and Security Lending Fees. Fidelity Service Company, Inc., an affiliate of FMR, maintains the fund's accounting records and administers the security lending program. The security lending fee is based on the number and duration of lending transactions. The accounting fee is based on the level of average net assets for the month plus out-of-pocket expenses.

Annual Report

Notes to Financial Statements - continued

5. Interfund Lending Program.

The fund participated in the interfund lending program as a lender. The average daily loan balance during the period for which loans were outstanding amounted to $34,244,000. The weighted average interest rate was 6.24%. Interest earned from the interfund lending program amounted to $12,000 and is included in interest income on the Statement of Operations. At period end there were no interfund loans outstanding.

6. Security Lending.

The fund lends portfolio securities from time to time in order to earn additional income. The fund receives collateral in the form of U.S. Treasury obligations, letters of credit, and/or cash against the loaned securities, and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the fund and any additional required collateral is delivered to the fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Cash collateral is invested in cash equivalents. At period end there were no security loans outstanding.

7. Bank Borrowings.

The fund is permitted to have bank borrowings for temporary or emergency purposes to fund shareholder redemptions. The fund has established borrowing arrangements with certain banks. The interest rate on the borrowings is the bank's base rate, as revised from time to time. The average daily loan balance during the period for which the loan was outstanding amounted to $6,873,000. The weighted average interest rate was 7.0%.At period end there were no bank borrowings outstanding.

8. Expense Reductions.

FMR voluntarily agreed to reimburse the fund's operating expenses (excluding interest, taxes, certain securities lending fees, brokerage commissions and extraordinary expenses, if any) above an annual rate of .32% of average net assets. For the period, the reimbursement reduced the expenses by $3,096,000.

In addition, through arrangements with the fund's custodian and transfer agent, credits realized as a result of uninvested cash balances were used to reduce a portion of the fund's expenses. During the period, the fund's custodian and transfer agent fees were reduced by $14,000 and $175,000 respectively, under these arrangements.

Annual Report

Report of Independent Accountants

To the Trustees of Fidelity Concord Street Trust and the Shareholders of Fidelity U.S. Bond Index Fund:

In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity U.S. Bond Index Fund (a fund of Fidelity Concord Street Trust) at February 28, 2001, and the results of its operations, the changes in its net assets and the financial highlights for the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity U.S. Bond Index Fund's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with auditing standards generally accepted in the United States of America which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2001 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP

Boston, Massachusetts
April 12, 2001

Annual Report

Distributions

A total of 26.44% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.

The fund will notify shareholders in January 2002 of amounts for use in preparing 2001 income tax returns.

Annual Report

Investment Adviser

Fidelity Management & Research Company

Boston, MA

Investment Sub-Adviser

Fidelity Investments
Money Management, Inc.

Officers

Edward C. Johnson 3d, President

Robert C. Pozen, Senior Vice President

Dwight D. Churchill, Vice President

David L. Murphy, Vice President

Thomas J. Silvia, Vice President

Eric D. Roiter, Secretary

Robert A. Dwight, Treasurer

Maria F. Dwyer, Deputy Treasurer

Stanley N. Griffith, Assistant
Vice President

John H. Costello, Assistant Treasurer

Thomas J. Simpson, Assistant Treasurer

Board of Trustees

J. Michael Cook *

Ralph F. Cox *

Phyllis Burke Davis *

Robert M. Gates *

Edward C. Johnson 3d

Donald J. Kirk *

Marie L. Knowles *

Ned C. Lautenbach *

Peter S. Lynch

Marvin L. Mann *

William O. McCoy *

Robert C. Pozen

Advisory Board

Abigail P. Johnson

William S. Stavropoulos

* Independent trustees

General Distributor

Fidelity Distributors Corporation

Boston, MA

Transfer and Shareholder Servicing Agent

Fidelity Investments Institutional Operations Company, Inc.

Boston, MA

Custodian

The Bank of New York

New York, NY

UBI-PRO-0401 130476
1.701176.103

(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
82 Devonshire St., Boston, MA 02109
www.fidelity.com

Spartan^®

U.S. Equity Index

Fund

(fund number 650)

Prospectus

April 25, 2001

and

Annual Report

for the year ended February 28, 2001

(fidelity_logo_graphic)

82 Devonshire Street, Boston, MA 02109

Performance	<Click Here>	How the fund has done over time.
Fund Talk	<Click Here>	The manager's review of fund performance, strategy and outlook.
Investment Changes	<Click Here>	A summary of the major shifts in the fund's investments over the past six months.
Investments	<Click Here>	A complete list of the fund's investments with their market values.
Financial Statements	<Click Here>	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	<Click Here>	Notes to the financial statements.
Report of Independent Accountants	<Click Here>	The auditors' opinion.
Distributions	<Click Here>

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR Corp. or an affiliated company.

(Recycle graphic) This report is printed on recycled paper using soy-based inks.

Annual Report

Performance: The Bottom Line

There are several ways to evaluate a fund's historical performance. You can look at the total percentage change in value, the average annual percentage change or the growth of a hypothetical $100,000 investment. Total return reflects the change in the value of an investment, assuming reinvestment of the fund's dividend income and capital gains (the profits earned upon the sale of securities that have grown in value). If Fidelity had not reimbursed certain fund expenses, the total returns would have been lower.

Cumulative Total Returns

Periods ended February 28, 2001	Past 1 year	Past 5 years	Past 10 years
Spartan US Equity Index	-8.26%	107.21%	311.65%
S&P 500 ®	-8.20%	109.18%	320.75%
S&P 500 Index Objective Funds	-8.65%	104.66%	304.92%

Cumulative total returns show the fund's performance in percentage terms over a set period - in this case, one year, five years or 10 years. For example, if you had invested $1,000 in a fund that had a 5% return over the past year, the value of your investment would be $1,050. You can compare the fund's returns to the performance of the Standard & Poor's 500^SM Index - a market capitalization-weighted index of common stocks. To measure how the fund's performance stacked up against its peers, you can compare it to the S&P 500 index objective funds average, which reflects the performance of mutual funds with similar objectives tracked by Lipper Inc. The past one year average represents a peer group of 141 mutual funds. These benchmarks include reinvested dividends and capital gains, if any, and exclude the effect of sales charges. Lipper has created additional comparison categories that group funds according to portfolio characteristics and capitalization, as well as by capitalization only. These averages are listed on page A-3 of this report.^(dagger)

Average Annual Total Returns

Periods ended February 28, 2001	Past 1 year	Past 5 years	Past 10 years
Spartan US Equity Index	-8.26%	15.69%	15.20%
S&P 500	-8.20%	15.91%	15.45%
S&P 500 Index Objective Funds	-8.65%	15.40%	15.01%

Annual Report

$100,000 Over 10 Years

$100,000 Over 10 Years: Let's say hypothetically that $100,000 was invested in Spartan US Equity Index Fund on February 28, 1991. As the chart shows, by February 28, 2001, the value of the investment would have grown to $411,650 - a 311.65% increase on the initial investment. For comparison, look at how the Standard & Poor's 500 Index did over the same period. With dividends and capital gains, if any, reinvested, the same $100,000 would have grown to $420,750 - a 320.75% increase.

Understanding
Performance

How a fund did yesterday is no guarantee of how it will do tomorrow. The stock market, for example, has a history of long-term growth and short-term volatility. In turn, the share price and return of a fund that invests in stocks will vary. That means if you sell your shares during a market downturn, you might lose money. But if you can ride out the market's ups and downs, you may have a gain.

^(dagger) The Lipper S&P 500 funds average reflects the performance (excluding sales charges) of mutual funds with similar portfolio characteristics and capitalization. As of February 28, 2001, one year, five year, and 10 year cumulative total returns for the S&P 500 funds average were, -8.65%, 104.66%, and 304.92%. The one year, five year and 10 year average annual total returns were, -8.65%, 15.40%, and 15.01%, respectively.

Annual Report

Fund Talk: The Manager's Overview

(Portfolio Manager photograph)
An interview with James Creighton, who oversees the Spartan U.S. Equity Index Fund's investment management personnel as Managing Director for Bankers Trust, sub-adviser of the fund *

Q. How did the fund perform, James?

A. For the 12 months that ended February 28, 2001, the fund returned -8.26%. This was in line with the performance of the Standard & Poor's 500 Index, which returned -8.20%, and the S&P 500 index objective funds average tracked by Lipper Inc., which returned -8.65% during the same period.

Q. Let's begin with the big story during the period, specifically the technology sector. What happened here?

A. Last March, the first month of the period, saw the crest of the technology wave as the sector appeared nearly unstoppable. The tech-laden NASDAQ Composite ® Index even crossed the once unthinkable 5000 point barrier as almost everything tech related continued to soar in value. April, however, saw a much different story unfold as the reality of the sector's core business fundamentals failed to justify these incredible prices. Wall Street analysts and investors finally began to question these unprecedented valuations, which sent the NASDAQ ® reeling, including a one-week span in April where the index lost 25% of its value. If this wasn't enough, the government's ongoing antitrust case against software giant Microsoft added more fuel to this meltdown. The sector continued to struggle to find its way in the following months as slower growth forecasts in semiconductor, mobile phone and electronic component lines began to roll in on a continual basis. Companies such as Texas Instruments, Motorola and Lucent saw a toll exacted on their share prices for downward earnings revisions or missed estimates. Unfortunately, the second half of the period turned out to be even more painful than the first half as the sector's blue-chip companies - including Intel, Cisco, Oracle and EMC - began to crumble under the weight of overwhelmingly negative news permeating the sector, as well as their own slowing sales. The small glimmer of hope delivered via the Federal Reserve Board's rare, off-meeting interest-rate cut on January 3 failed to spark a sustainable rally, and the sector's February performance was nothing short of disastrous. With all the negativity resonating within this particular arena, it's easy to understand why the companies just mentioned made up the vast majority of the S&P 500 index's 10 poorest performers.

Q. With the beating the technology sector took, were there any bright spots elsewhere in the market?

A. As things began to unravel in the technology sector, investors attempted to find what they perceived to be areas of safety. The resulting sector rotation - where one or more market sectors gain investment dollars at the expense of another - directly benefited the defensive areas of the market, such as the health sector. This sector's resiliency to market downturns enabled the major pharmaceutical companies - Merck, Warner-Lambert, which merged with Pfizer, and Johnson & Johnson - as well as other health related companies, such as HEALTHSOUTH, Manor Care and Tenet Healthcare, to outperform the broader market. Companies in the cyclical and consumer industries sectors also were helped by their ability to hold up in a turbulent market as consumer purchases in these areas are considered non-discretionary by investors.

Annual Report

Fund Talk: The Manager's Overview - continued

Q. Were there any other market influences during the period?

A. The Fed's shifting monetary policy was a key factor. Early in the period, in an effort to keep inflation fears at arm's length and prevent the economy from overheating, the Fed implemented several interest-rate hikes. As the slowing effect of these actions gradually began to penetrate the economy, the likelihood of future increases diminished. As a result, the interest-rate-sensitive financial services sector began to rebound from its prior doldrums and companies with strong franchises, such as American International Group and Citigroup, finally began to see their fortunes reverse. However, an early summer spike in oil prices put the Fed's soft landing scenario on notice. As the end of the period approached, it appeared as though the economy had begun to slow too rapidly, with corporate layoffs and the aforementioned profit warnings becoming increasingly common. In an attempt to reverse this downward spiral and the negative jolt delivered by higher oil prices, the Fed shifted to an easing monetary policy in December and reduced interest rates on two occasions in January.

Q. What happened with some of the other top holdings in the index?

A. Philip Morris was the largest contributor to performance during the period. This food and tobacco mainstay's reliable earnings didn't disappoint and its consistency was duly rewarded. Some other well-known large-cap companies also performed relatively well. Tyco International rebounded nicely as fears surrounding some prior accounting irregularities dissipated. General Electric, the largest component in the S&P index, also helped as its well-diversified business line enabled it to weather the market turmoil. Another positive was SBC Communications, which distinguished itself by posting steady sales growth. However, despite these successes, it cannot be overstated that these gains were not nearly enough to overcome the massive losses generated by the fund's technology holdings.

Q. What's your outlook?

A. I expect market uncertainty to continue to reign in the short term as the reality of profit warnings and a slowing economy take hold and investor focus continues to shift from corporate promise, as was the case in prior periods, to actual performance. On the positive side though, the Federal Reserve Board, which had been diligent in fighting previous inflation threats, will be as focused in trying to ensure that the economy does not slip into a recession. In addition, those companies that successfully emerge from this era of dwindling consumer confidence and spending most likely will be leaner, wiser and stronger for the future. So while the past 12 months, and especially the last quarter of the period, were extremely painful, long-term investors should be reminded not to overreact to the current market environment.

Annual Report

Fund Talk: The Manager's Overview - continued

The views expressed in this report reflect those of Bankers Trust only through the end of the period of the report as stated on the cover and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Fund Facts

Goal: total return that corresponds to that of the Standard & Poor's 500 Index

Start date: February 17, 1988

Size: as of February 28, 2001, more than $16.8 billion

Sub-adviser: Bankers Trust, since 1997

James Creighton on changes to the S&P 500:

"The S&P 500 is an index of 500 stocks chosen to be a representation of the broader market. Periodically, companies will be added or deleted from the index. Usually, this is based on such events as acquisitions, spin-offs or shifts in asset size."

Here are some of the changes to the index during the past six months involving some well-known companies:

September 29, 2000: Lucent Technologies spun off Avaya to shareholders. Avaya replaced Owens-Corning due to lack of sector representation.
November 16, 2000: Starwood Hotels & Resorts was added and Armstrong Holdings was removed for inadequate representation of its sector.
November 30, 2000: Calpine was added to the index. It replaced Florida Progress after that company was acquired by S&P 500 component CP&L Energy.
December 8, 2000: Seagram was removed and replaced by MetLife after Seagram was acquired by Vivendi.
December 29, 2000: S&P 500 component Chase Manhattan acquired J.P. Morgan. Applied Micro Circuits replaced J.P. Morgan.
January 12, 2001: Time Warner was replaced by Noble Drilling after Time Warner was acquired by S&P component America Online.

* Note to shareholders: Effective May 1, 2001, Deutsche Asset Management, Inc. (DAMI) will serve as sub-adviser of the fund. Bankers Trust (BT) and DAMI are both wholly owned indirect subsidiaries of Deutsche Bank AG. All personnel currently employed by BT in managing the fund will be employed by DAMI in substantially the same capacity.

Annual Report

Investment Changes

Top Ten Stocks as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
General Electric Co.	4.1	4.4
Microsoft Corp.	2.8	2.8
Pfizer, Inc.	2.5	2.0
Exxon Mobil Corp.	2.5	2.1
Citigroup, Inc.	2.2	2.0
Wal-Mart Stores, Inc.	2.0	1.6
Intel Corp.	1.7	3.8
AOL Time Warner, Inc.	1.7	1.8
American International Group, Inc.	1.7	1.6
Merck & Co., Inc.	1.7	1.2
	22.9
Market Sectors as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
Information Technology	18.5	33.3
Financials	16.9	14.4
Health Care	13.9	10.8
Consumer Discretionary	12.4	9.7
Industrials	10.9	9.6
Consumer Staples	8.0	6.1
Energy	6.5	5.5
Telecommunication Services	6.0	6.0
Utilities	3.9	2.8
Materials	2.4	1.7

Annual Report

Investments February 28, 2001

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value (Note 1) (000s)
CONSUMER DISCRETIONARY - 12.4%
Auto Components - 0.3%
Cooper Tire & Rubber Co.	108,956		$ 1,456
Dana Corp.	222,204		3,762
Delphi Automotive Systems Corp.	843,202		11,830
Goodyear Tire & Rubber Co.	238,052		6,070
Johnson Controls, Inc.	129,214		8,590
Snap-On, Inc.	91,745		2,596
TRW, Inc.	187,179		7,307
Visteon Corp.	196,677		2,832
			44,443
Automobiles - 0.8%
Ford Motor Co.	2,826,280		78,599
General Motors Corp.	851,814		45,419
Harley-Davidson, Inc.	456,584		19,793
			143,811
Hotels Restaurants & Leisure - 0.9%
Carnival Corp.	883,565		29,458
Darden Restaurants, Inc.	179,327		3,897
Harrah's Entertainment, Inc. (a)	176,170		5,465
Hilton Hotels Corp.	556,037		5,955
Marriott International, Inc. Class A	362,357		15,465
McDonald's Corp.	1,977,119		58,127
Starbucks Corp. (a)	281,643		13,413
Starwood Hotels & Resorts Worldwide, Inc. unit	287,973		10,050
Tricon Global Restaurants, Inc. (a)	219,923		8,467
Wendy's International, Inc.	170,812		4,228
			154,525
Household Durables - 0.3%
American Greetings Corp. Class A	100,056		1,307
Black & Decker Corp.	123,648		5,133
Centex Corp.	88,747		3,653
Fortune Brands, Inc.	233,403		7,884
KB HOME	64,688		1,808
Leggett & Platt, Inc.	298,146		5,766
Maytag Corp.	117,331		3,931
Newell Rubbermaid, Inc.	402,153		10,581
Pulte Corp.	60,872		2,091
The Stanley Works	134,125		4,668
Common Stocks - continued
	Shares		Value (Note 1) (000s)
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Tupperware Corp.	87,003		$ 2,053
Whirlpool Corp.	101,261		5,354
			54,229
Leisure Equipment & Products - 0.2%
Brunswick Corp.	131,850		2,807
Eastman Kodak Co.	464,591		20,907
Hasbro, Inc.	260,149		3,195
Mattel, Inc.	643,536		10,914
			37,823
Media - 4.6%
AOL Time Warner, Inc. (a)	6,528,078		287,431
Clear Channel Communications, Inc. (a)	884,057		50,524
Comcast Corp. Class A (special) (a)	1,364,248		59,089
Dow Jones & Co., Inc.	132,436		8,158
Gannett Co., Inc.	398,939		26,386
Harcourt General, Inc.	102,229		5,729
Interpublic Group of Companies, Inc.	464,290		17,457
Knight-Ridder, Inc.	111,195		6,644
McGraw-Hill Companies, Inc.	294,390		17,357
Meredith Corp.	77,283		2,778
Omnicom Group, Inc.	267,155		24,228
The New York Times Co. Class A	245,652		10,858
Tribune Co.	461,213		18,725
Univision Communications, Inc. Class A (a)	320,600		10,580
Viacom, Inc. Class B (non-vtg.) (a)	2,627,948		130,609
Walt Disney Co.	3,137,997		97,121
			773,674
Multiline Retail - 3.2%
Consolidated Stores Corp. (a)	172,251		2,672
Costco Wholesale Corp. (a)	674,490		28,160
Dillards, Inc. Class A	138,186		2,598
Dollar General Corp.	498,904		9,280
Federated Department Stores, Inc. (a)	304,164		14,706
JCPenney Co., Inc.	393,946		6,374
Kmart Corp. (a)	727,131		6,799
Kohls Corp. (a)	500,257		32,972
Nordstrom, Inc.	204,767		3,778
Sears, Roebuck & Co.	503,690		20,676
Target Corp.	1,351,195		52,697
Common Stocks - continued
	Shares		Value (Note 1) (000s)
CONSUMER DISCRETIONARY - continued
Multiline Retail - continued
The May Department Stores Co.	448,760		$ 17,766
Wal-Mart Stores, Inc.	6,741,458		337,680
			536,158
Specialty Retail - 1.9%
AutoZone, Inc. (a)	194,158		4,904
Bed Bath & Beyond, Inc. (a)	428,145		10,543
Best Buy Co., Inc. (a)	312,805		12,812
Circuit City Stores, Inc. - Circuit City Group	312,566		4,742
Gap, Inc.	1,283,855		34,972
Home Depot, Inc.	3,488,971		148,281
Lowe's Companies, Inc.	576,723		32,227
Office Depot, Inc. (a)	459,041		4,223
RadioShack Corp.	280,837		12,020
Sherwin-Williams Co.	242,557		6,088
Staples, Inc. (a)	688,551		10,242
The Limited, Inc.	650,981		11,490
Tiffany & Co., Inc.	214,323		6,668
TJX Companies, Inc.	429,835		13,144
Toys 'R' Us, Inc. (a)	311,019		7,651
			320,007
Textiles & Apparel - 0.2%
Liz Claiborne, Inc.	80,795		3,935
NIKE, Inc. Class B	407,904		15,929
Reebok International Ltd. (a)	85,999		2,202
VF Corp.	174,346		6,292
			28,358
TOTAL CONSUMER DISCRETIONARY			2,093,028
CONSUMER STAPLES - 8.0%
Beverages - 2.3%
Adolph Coors Co. Class B	56,096		3,756
Anheuser-Busch Companies, Inc.	1,371,638		59,941
Brown-Forman Corp. Class B (non-vtg.)	90,347		5,737
Coca-Cola Enterprises, Inc.	630,856		14,320
PepsiCo, Inc.	2,178,642		100,392
The Coca-Cola Co.	3,742,818		198,482
			382,628
Common Stocks - continued
	Shares		Value (Note 1) (000s)
CONSUMER STAPLES - continued
Food & Drug Retailing - 1.4%
Albertson's, Inc.	640,474		$ 18,606
CVS Corp.	589,623		35,967
Kroger Co. (a)	1,243,658		30,146
Longs Drug Stores Corp.	59,268		1,654
Safeway, Inc. (a)	753,563		40,926
SUPERVALU, Inc.	200,064		2,807
Sysco Corp.	1,008,419		27,490
Walgreen Co.	1,523,117		67,505
Winn-Dixie Stores, Inc.	218,290		5,575
			230,676
Food Products - 1.4%
Archer-Daniels-Midland Co.	955,480		14,380
Campbell Soup Co.	635,196		19,011
ConAgra Foods, Inc.	804,387		15,830
General Mills, Inc.	426,276		19,118
H.J. Heinz Co.	523,144		22,275
Hershey Foods Corp.	205,389		13,163
Kellogg Co.	611,776		16,267
Quaker Oats Co.	197,664		19,276
Ralston Purina Co.	463,047		14,438
Sara Lee Corp.	1,257,008		27,265
Unilever NV (NY Shares)	862,494		48,213
Wm. Wrigley Jr. Co.	170,236		15,852
			245,088
Household Products - 1.5%
Clorox Co.	355,401		12,780
Colgate-Palmolive Co.	863,211		50,973
Kimberly-Clark Corp.	803,126		57,424
Procter & Gamble Co.	1,967,480		138,707
			259,884
Personal Products - 0.4%
Alberto-Culver Co. Class B	84,251		3,375
Avon Products, Inc.	358,846		15,237
Gillette Co.	1,588,885		51,655
			70,267
Common Stocks - continued
	Shares		Value (Note 1) (000s)
CONSUMER STAPLES - continued
Tobacco - 1.0%
Philip Morris Companies, Inc.	3,348,982		$ 161,354
UST, Inc.	244,588		7,054
			168,408
TOTAL CONSUMER STAPLES			1,356,951
ENERGY - 6.5%
Energy Equipment & Services - 0.9%
Baker Hughes, Inc.	499,452		19,579
Halliburton Co.	672,616		26,784
Nabors Industries, Inc. (a)	216,857		12,296
Noble Drilling Corp.	205,100		9,547
Rowan Companies, Inc. (a)	141,784		4,048
Schlumberger Ltd. (NY Shares)	859,879		54,817
Transocean Sedco Forex, Inc.	464,615		22,362
			149,433
Oil & Gas - 5.6%
Amerada Hess Corp.	137,096		9,871
Anadarko Petroleum Corp.	378,048		23,628
Apache Corp.	181,163		10,634
Ashland, Inc.	105,744		4,104
Burlington Resources, Inc.	329,199		14,794
Chevron Corp.	967,358		82,864
Conoco, Inc. Class B	935,750		26,950
Devon Energy Corp.	188,073		10,720
EOG Resources, Inc.	181,079		7,895
Exxon Mobil Corp.	5,243,144		424,957
Kerr-McGee Corp.	143,046		9,246
Occidental Petroleum Corp.	566,825		13,598
Phillips Petroleum Co.	388,576		20,715
Royal Dutch Petroleum Co. (NY Shares)	3,231,121		188,471
Sunoco, Inc.	127,706		4,245
Texaco, Inc.	825,994		52,946
Tosco Corp.	225,318		9,024
Unocal Corp.	372,819		13,146
USX - Marathon Group	466,263		12,878
			940,686
TOTAL ENERGY			1,090,119
Common Stocks - continued
	Shares		Value (Note 1) (000s)
FINANCIALS - 16.9%
Banks - 5.5%
AmSouth Bancorp.	570,731		$ 9,942
Bank of America Corp.	2,455,637		122,659
Bank of New York Co., Inc.	1,116,593		57,817
Bank One Corp.	1,744,844		61,541
BB&T Corp.	597,158		21,575
Charter One Financial, Inc.	315,893		9,022
Comerica, Inc.	266,579		16,968
Fifth Third Bancorp	696,283		37,469
First Union Corp.	1,477,039		47,812
FleetBoston Financial Corp.	1,364,907		56,302
Golden West Financial Corp.	237,669		13,036
Huntington Bancshares, Inc.	381,023		5,692
KeyCorp	643,286		16,725
Mellon Financial Corp.	735,487		34,060
National City Corp.	917,243		24,949
Northern Trust Corp.	334,315		23,778
Old Kent Financial Corp.	210,318		8,358
PNC Financial Services Group, Inc.	435,450		30,264
Regions Financial Corp.	334,752		10,043
SouthTrust Corp.	255,347		10,804
Summit Bancorp	264,541		11,111
SunTrust Banks, Inc.	446,584		29,354
Synovus Finanical Corp.	429,316		11,944
U.S. Bancorp	2,867,670		66,530
Union Planters Corp.	205,259		7,812
Wachovia Corp.	307,417		19,410
Washington Mutual, Inc.	876,793		45,041
Wells Fargo & Co.	2,578,823		128,013
			938,031
Diversified Financials - 7.6%
AMBAC Financial Group, Inc.	159,434		8,992
American Express Co.	2,007,888		88,106
Bear Stearns Companies, Inc.	161,503		8,427
Capital One Financial Corp.	298,515		16,493
Charles Schwab Corp.	2,088,074		43,641
CIT Group, Inc. Class A	399,858		9,237
Citigroup, Inc.	7,586,597		373,109
Countrywide Credit Industries, Inc.	174,307		7,710
Fannie Mae	1,520,614		121,193
Franklin Resources, Inc.	368,155		15,367
Common Stocks - continued
	Shares		Value (Note 1) (000s)
FINANCIALS - continued
Diversified Financials - continued
Freddie Mac	1,049,874		$ 69,134
Household International, Inc.	711,900		41,233
J.P. Morgan Chase & Co.	2,870,686		133,946
Lehman Brothers Holdings, Inc.	360,166		24,725
MBNA Corp.	1,287,350		42,328
Merrill Lynch & Co., Inc.	1,222,238		73,212
Moody's Corp.	245,374		6,615
Morgan Stanley Dean Witter & Co.	1,690,733		110,117
Providian Financial Corp.	432,960		21,652
State Street Corp.	243,297		24,439
Stilwell Financial, Inc.	336,095		10,721
T. Rowe Price Group, Inc.	183,648		6,554
USA Education, Inc.	249,052		18,064
			1,275,015
Insurance - 3.8%
AFLAC, Inc.	399,821		24,053
Allstate Corp.	1,100,994		43,886
American General Corp.	379,200		28,910
American International Group, Inc.	3,507,032		286,875
Aon Corp.	389,089		13,334
Cincinnati Financial Corp.	240,522		8,854
Conseco, Inc.	489,537		6,863
Hartford Financial Services Group, Inc.	335,225		21,404
Jefferson-Pilot Corp.	156,315		10,553
Lincoln National Corp.	288,622		12,662
Loews Corp.	149,316		16,226
Marsh & McLennan Companies, Inc.	415,866		44,498
MBIA, Inc.	149,435		11,354
MetLife, Inc.	1,153,049		35,572
MGIC Investment Corp.	162,099		9,394
Progressive Corp.	111,472		11,036
SAFECO Corp.	195,373		4,249
The Chubb Corp.	263,821		18,929
The St. Paul Companies, Inc.	329,098		15,234
Torchmark Corp.	189,939		6,606
UnumProvident Corp.	362,657		9,491
			639,983
TOTAL FINANCIALS			2,853,029
Common Stocks - continued
	Shares		Value (Note 1) (000s)
HEALTH CARE - 13.9%
Biotechnology - 0.9%
Amgen, Inc. (a)	1,558,177		$ 112,286
Biogen, Inc. (a)	228,802		16,374
Chiron Corp. (a)	284,844		13,334
Medimmune, Inc. (a)	313,821		13,710
			155,704
Health Care Equipment & Supplies - 1.5%
Applera Corp. - Applied Biosystems Group	325,070		22,462
Bausch & Lomb, Inc.	82,402		4,427
Baxter International, Inc.	445,093		40,989
Becton, Dickinson & Co.	384,912		13,849
Biomet, Inc.	271,726		10,546
Boston Scientific Corp. (a)	617,937		10,190
C.R. Bard, Inc.	78,904		3,501
Guidant Corp. (a)	466,408		23,773
Medtronic, Inc.	1,815,525		92,919
St. Jude Medical, Inc. (a)	129,988		7,295
Stryker Corp.	297,013		16,677
			246,628
Health Care Providers & Services - 1.2%
Aetna, Inc. (a)	214,452		7,984
Cardinal Health, Inc.	439,645		44,624
CIGNA Corp.	231,393		25,377
HCA - The Healthcare Co.	832,781		32,978
HEALTHSOUTH Corp. (a)	581,417		9,256
Humana, Inc. (a)	253,663		3,424
Manor Care, Inc. (a)	153,853		3,752
McKesson HBOC, Inc.	434,916		12,647
Quintiles Transnational Corp. (a)	174,450		3,140
Tenet Healthcare Corp.	477,756		22,039
UnitedHealth Group, Inc.	482,637		28,587
Wellpoint Health Networks, Inc. (a)	94,182		9,310
			203,118
Pharmaceuticals - 10.3%
Abbott Laboratories	2,336,658		114,473
Allergan, Inc.	199,609		17,356
ALZA Corp. (a)	352,079		13,925
American Home Products Corp.	1,975,332		122,016
Bristol-Myers Squibb Co.	2,948,146		186,942
Eli Lilly & Co.	1,701,822		135,227
Common Stocks - continued
	Shares		Value (Note 1) (000s)
HEALTH CARE - continued
Pharmaceuticals - continued
Forest Laboratories, Inc. (a)	263,208		$ 18,301
Johnson & Johnson	2,099,117		204,307
King Pharmaceuticals, Inc. (a)	250,361		11,492
Merck & Co., Inc.	3,476,164		278,788
Pfizer, Inc.	9,513,232		428,095
Pharmacia Corp.	1,950,439		100,838
Schering-Plough Corp.	2,209,723		88,941
Watson Pharmaceuticals, Inc. (a)	151,110		8,387
			1,729,088
TOTAL HEALTH CARE			2,334,538
INDUSTRIALS - 10.9%
Aerospace & Defense - 1.6%
BFGoodrich Co.	153,207		6,196
Boeing Co.	1,339,781		83,334
General Dynamics Corp.	299,824		20,442
Honeywell International, Inc.	1,261,686		58,933
Lockheed Martin Corp.	649,246		24,321
Northrop Grumman Corp.	108,141		10,160
Raytheon Co. Class B	512,161		17,009
United Technologies Corp.	707,915		55,154
			275,549
Air Freight & Couriers - 0.1%
FedEx Corp. (a)	431,205		17,649
Airlines - 0.3%
AMR Corp.	226,334		7,526
Delta Air Lines, Inc.	184,807		7,784
Southwest Airlines Co.	1,133,100		21,076
US Airways Group, Inc. (a)	101,323		4,185
			40,571
Building Products - 0.1%
Crane Co.	92,574		2,467
Masco Corp.	670,571		15,671
			18,138
Commercial Services & Supplies - 1.5%
Allied Waste Industries, Inc. (a)	274,057		4,426
Automatic Data Processing, Inc.	952,083		56,173
Avery Dennison Corp.	166,680		8,834
Common Stocks - continued
	Shares		Value (Note 1) (000s)
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Cendant Corp. (a)	1,106,566		$ 14,474
Cintas Corp.	255,900		9,216
Convergys Corp. (a)	232,791		9,861
Deluxe Corp.	111,336		2,711
Ecolab, Inc.	191,828		8,047
eFunds Corp.	1		0
Equifax, Inc.	217,969		6,607
First Data Corp.	596,010		36,810
H&R Block, Inc.	141,053		6,954
IMS Health, Inc.	443,266		11,924
Paychex, Inc.	561,611		22,429
Pitney Bowes, Inc.	380,415		12,953
R.R. Donnelley & Sons Co.	185,484		5,500
Robert Half International, Inc. (a)	285,810		6,877
Sabre Holdings Corp. Class A	192,002		8,279
Waste Management, Inc.	956,531		24,267
			256,342
Construction & Engineering - 0.0%
Fluor Corp. New	114,945		4,382
McDermott International, Inc.	88,796		1,150
			5,532
Electrical Equipment - 0.5%
American Power Conversion Corp. (a)	315,113		3,840
Cooper Industries, Inc.	146,872		6,315
Emerson Electric Co.	648,727		43,400
Molex, Inc.	301,703		10,956
National Service Industries, Inc.	61,599		1,489
Power-One, Inc. (a)	116,929		2,075
Rockwell International Corp.	282,760		12,996
Thermo Electron Corp. (a)	269,352		7,515
Thomas & Betts Corp.	101,126		1,929
			90,515
Industrial Conglomerates - 5.5%
General Electric Co.	14,872,163		691,557
ITT Industries, Inc.	135,532		5,496
Minnesota Mining & Manufacturing Co.	595,000		67,086
Textron, Inc.	218,482		11,575
Tyco International Ltd.	2,648,607		144,746
			920,460
Common Stocks - continued
	Shares		Value (Note 1) (000s)
INDUSTRIALS - continued
Machinery - 0.8%
Briggs & Stratton Corp.	35,024		$ 1,386
Caterpillar, Inc.	524,587		21,823
Cummins Engine Co., Inc.	69,843		2,581
Danaher Corp.	213,896		13,570
Deere & Co.	367,367		14,952
Dover Corp.	306,240		11,747
Eaton Corp.	105,812		7,529
Illinois Tool Works, Inc.	457,186		27,683
Ingersoll-Rand Co.	246,017		10,665
Navistar International Corp.	88,876		2,224
PACCAR, Inc.	115,030		5,335
Pall Corp.	191,023		4,369
Parker-Hannifin Corp.	170,670		7,344
Timken Co.	89,109		1,426
			132,634
Road & Rail - 0.4%
Burlington Northern Santa Fe Corp.	607,319		18,226
CSX Corp.	330,042		11,037
Norfolk Southern Corp.	578,621		10,467
Ryder System, Inc.	112,462		2,308
Union Pacific Corp.	374,002		20,548
			62,586
Trading Companies & Distributors - 0.1%
Genuine Parts Co.	268,962		7,251
W.W. Grainger, Inc.	142,943		5,004
			12,255
TOTAL INDUSTRIALS			1,832,231
INFORMATION TECHNOLOGY - 18.5%
Communications Equipment - 4.1%
ADC Telecommunications, Inc. (a)	1,161,511		12,922
Andrew Corp. (a)	124,400		1,866
Avaya, Inc. (a)	419,968		5,880
Cabletron Systems, Inc. (a)	278,207		3,742
Cisco Systems, Inc. (a)	10,862,731		257,311
Comverse Technology, Inc. (a)	247,770		18,567
Corning, Inc.	1,386,285		37,568
JDS Uniphase Corp. (a)	1,952,826		52,238
Common Stocks - continued
	Shares		Value (Note 1) (000s)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Lucent Technologies, Inc.	5,033,827		$ 58,342
McDATA Corp. Class A (a)	80,461		1,438
Motorola, Inc.	3,292,076		49,941
Nortel Networks Corp.	4,670,196		86,352
QUALCOMM, Inc. (a)	1,126,822		61,764
Scientific-Atlanta, Inc.	241,963		11,348
Tellabs, Inc. (a)	618,162		26,929
			686,208
Computers & Peripherals - 4.6%
Apple Computer, Inc. (a)	490,373		8,949
Compaq Computer Corp.	2,565,347		51,820
Dell Computer Corp. (a)	3,903,955		85,399
EMC Corp.	3,302,297		131,299
Gateway, Inc. (a)	487,857		8,391
Hewlett-Packard Co.	2,984,174		86,093
International Business Machines Corp.	2,644,798		264,215
Lexmark International, Inc. Class A (a)	191,790		9,973
NCR Corp. (a)	149,959		6,598
Network Appliance, Inc. (a)	476,759		14,184
Palm, Inc.	853,617		14,832
Sun Microsystems, Inc. (a)	4,859,457		96,582
			778,335
Electronic Equipment & Instruments - 0.5%
Agilent Technologies, Inc. (a)	682,428		24,567
Jabil Circuit, Inc. (a)	290,100		6,521
Millipore Corp.	68,735		3,609
PerkinElmer, Inc.	74,650		5,466
Sanmina Corp. (a)	455,454		13,578
Solectron Corp. (a)	958,537		26,120
Tektronix, Inc.	141,464		3,493
			83,354
Internet Software & Services - 0.1%
BroadVision, Inc. (a)	449,458		3,259
Yahoo!, Inc. (a)	861,432		20,513
			23,772
IT Consulting & Services - 0.5%
Ceridian Corp. (a)	220,189		4,454
Computer Sciences Corp. (a)	254,144		15,175
Electronic Data Systems Corp.	705,471		45,030
Common Stocks - continued
	Shares		Value (Note 1) (000s)
INFORMATION TECHNOLOGY - continued
IT Consulting & Services - continued
Sapient Corp. (a)	182,822		$ 2,354
Unisys Corp. (a)	468,506		7,674
			74,687
Office Electronics - 0.1%
Symbol Technologies, Inc.	220,880		10,238
Xerox Corp.	1,007,151		6,083
			16,321
Semiconductor Equipment & Products - 3.8%
Adaptec, Inc. (a)	149,189		1,632
Advanced Micro Devices, Inc. (a)	467,744		10,056
Altera Corp. (a)	603,159		13,948
Analog Devices, Inc. (a)	539,145		20,110
Applied Materials, Inc. (a)	1,223,558		51,695
Applied Micro Circuits Corp. (a)	451,107		12,067
Broadcom Corp. Class A (a)	355,556		17,511
Conexant Systems, Inc. (a)	359,349		4,402
Intel Corp.	10,154,691		290,043
KLA-Tencor Corp. (a)	282,224		10,090
Linear Technology Corp.	476,737		18,891
LSI Logic Corp. (a)	476,103		7,670
Maxim Integrated Products, Inc. (a)	430,796		19,870
Micron Technology, Inc. (a)	853,376		29,203
National Semiconductor Corp. (a)	273,388		5,583
Novellus Systems, Inc. (a)	209,836		8,105
QLogic Corp. (a)	136,451		5,100
Teradyne, Inc. (a)	263,279		8,222
Texas Instruments, Inc.	2,607,830		77,061
Vitesse Semiconductor Corp. (a)	272,942		10,764
Xilinx, Inc. (a)	499,563		19,421
			641,444
Software - 4.8%
Adobe Systems, Inc.	365,279		10,616
Autodesk, Inc.	94,792		3,614
BMC Software, Inc. (a)	374,727		11,289
Citrix Systems, Inc. (a)	277,139		7,206
Computer Associates International, Inc.	886,584		27,653
Compuware Corp. (a)	582,707		6,009
Intuit, Inc. (a)	309,794		12,740
Mercury Interactive Corp. (a)	118,419		7,453
Common Stocks - continued
	Shares		Value (Note 1) (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Microsoft Corp. (a)	8,042,109		$ 474,484
Novell, Inc. (a)	509,872		3,027
Oracle Corp. (a)	8,433,570		160,238
Parametric Technology Corp. (a)	416,886		5,550
PeopleSoft, Inc. (a)	424,275		13,683
Siebel Systems, Inc. (a)	649,024		24,825
VERITAS Software Corp. (a)	588,527		38,217
			806,604
TOTAL INFORMATION TECHNOLOGY			3,110,725
MATERIALS - 2.4%
Chemicals - 1.1%
Air Products & Chemicals, Inc.	346,172		14,037
Dow Chemical Co.	1,352,485		44,375
E.I. du Pont de Nemours and Co.	1,573,274		68,736
Eastman Chemical Co.	116,016		5,969
Engelhard Corp.	193,234		4,624
FMC Corp. (a)	46,112		3,540
Great Lakes Chemical Corp.	75,994		2,516
Hercules, Inc.	162,629		2,290
International Flavors & Fragrances, Inc.	147,510		2,981
PPG Industries, Inc.	254,733		13,017
Praxair, Inc.	239,450		10,679
Rohm & Haas Co.	331,644		12,188
Sigma-Aldrich Corp.	116,780		5,080
			190,032
Construction Materials - 0.0%
Vulcan Materials Co.	152,562		6,458
Containers & Packaging - 0.1%
Ball Corp.	42,399		1,755
Bemis Co., Inc.	72,942		2,481
Pactiv Corp. (a)	244,834		3,293
Sealed Air Corp. (a)	126,462		4,951
Temple-Inland, Inc.	75,587		3,597
			16,077
Metals & Mining - 0.7%
Alcan Aluminium Ltd.	487,133		17,997
Alcoa, Inc.	1,304,332		46,643
Common Stocks - continued
	Shares		Value (Note 1) (000s)
MATERIALS - continued
Metals & Mining - continued
Allegheny Technologies, Inc.	120,569		$ 2,136
Barrick Gold Corp.	597,490		9,658
Freeport-McMoRan Copper & Gold, Inc. Class B (a)	224,651		3,156
Homestake Mining Co.	365,174		2,052
Inco Ltd. (a)	273,359		4,876
Newmont Mining Corp.	290,521		4,895
Nucor Corp.	117,166		5,179
Phelps Dodge Corp.	118,517		5,452
Placer Dome, Inc.	494,749		4,599
USX - U.S. Steel Group	133,398		2,033
Worthington Industries, Inc.	128,760		1,268
			109,944
Paper & Forest Products - 0.5%
Boise Cascade Corp.	88,829		2,850
Georgia-Pacific Group	340,603		10,221
International Paper Co.	724,991		27,303
Louisiana-Pacific Corp.	163,705		1,732
Mead Corp.	154,092		4,221
Potlatch Corp.	45,072		1,447
Westvaco Corp.	145,410		3,811
Weyerhaeuser Co.	330,834		17,779
Willamette Industries, Inc.	164,532		7,647
			77,011
TOTAL MATERIALS			399,522
TELECOMMUNICATION SERVICES - 6.0%
Diversified Telecommunication Services - 5.6%
ALLTEL Corp.	490,502		26,340
AT&T Corp.	5,655,541		130,077
BellSouth Corp.	2,814,522		118,097
CenturyTel, Inc.	213,874		6,164
Citizens Communications Co. (a)	394,700		6,102
Global Crossing Ltd. (a)	1,338,541		21,725
Qwest Communications International, Inc. (a)	2,493,909		92,200
SBC Communications, Inc.	5,104,993		243,508
Sprint Corp. - FON Group	1,337,561		29,908
Common Stocks - continued
	Shares		Value (Note 1) (000s)
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
Verizon Communications	4,069,794		$ 201,455
WorldCom, Inc. (a)	4,337,798		72,116
			947,692
Wireless Telecommunication Services - 0.4%
Nextel Communications, Inc. Class A (a)	1,143,884		27,525
Sprint Corp. - PCS Group Series 1 (a)	1,400,450		35,263
			62,788
TOTAL TELECOMMUNICATION SERVICES			1,010,480
UTILITIES - 3.9%
Electric Utilities - 2.6%
AES Corp. (a)	725,271		39,143
Allegheny Energy, Inc.	167,471		7,946
Ameren Corp.	198,425		8,368
American Electric Power Co., Inc.	498,001		23,675
Calpine Corp. (a)	401,711		17,872
Cinergy Corp.	237,703		7,756
CMS Energy Corp.	199,467		5,894
Consolidated Edison, Inc.	326,335		12,032
Constellation Energy Corp.	217,849		9,302
Dominion Resources, Inc.	370,461		24,287
DTE Energy Co.	224,710		8,159
Duke Energy Corp.	1,125,858		45,879
Edison International	526,106		7,839
Entergy Corp.	352,682		13,695
Exelon Corp.	489,466		31,996
FirstEnergy Corp.	328,995		9,268
FPL Group, Inc.	276,529		17,988
GPU, Inc.	164,742		5,105
Niagara Mohawk Holdings, Inc. (a)	214,938		3,693
PG&E Corp.	602,397		8,409
Pinnacle West Capital Corp.	139,428		6,476
PPL Corp.	205,685		9,398
Progress Energy, Inc.	324,598		14,042
Progress Energy, Inc. warrants 12/31/07	158,327		71
Public Service Enterprise Group, Inc.	337,607		15,128
Reliant Energy, Inc.	457,875		19,235
Southern Co.	999,378		30,931
Common Stocks - continued
	Shares		Value (Note 1) (000s)
UTILITIES - continued
Electric Utilities - continued
TXU Corp.	405,148		$ 16,708
Xcel Energy, Inc.	480,330		13,545
			433,840
Gas Utilities - 0.5%
El Paso Corp.	748,571		52,625
KeySpan Corp.	189,780		7,392
Kinder Morgan, Inc.	173,538		9,614
NICOR, Inc.	70,538		2,610
NiSource, Inc.	330,438		9,460
ONEOK, Inc.	44,365		1,950
Peoples Energy Corp.	53,728		2,103
Sempra Energy	291,184		6,508
			92,262
Multi-Utilities - 0.8%
Dynegy, Inc. Class A	468,883		22,038
Enron Corp.	1,122,404		76,885
Williams Companies, Inc.	706,215		29,449
			128,372
TOTAL UTILITIES			654,474
TOTAL COMMON STOCKS (Cost $11,281,150)		16,735,097

U.S. Treasury Obligations - 0.6%
Moody's Ratings (unaudited)		Principal Amount (000s)
U.S. Treasury Bills, yield at date of purchase 4.88% to 5.92% 3/1/01 to 5/10/01 (c) (Cost $102,245)	-	$ 102,749	102,288

Cash Equivalents - 3.9%
	Shares		Value (Note 1) (000s)
Bankers Trust Institutional Daily Assets Fund, 5.67% (b) (Cost $662,392)	662,391,740		$ 662,392
TOTAL INVESTMENT PORTFOLIO - 103.9% (Cost $12,045,787)			17,499,777
NET OTHER ASSETS - (3.9)%			(653,472)
NET ASSETS - 100%		$ 16,846,305

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Gain/(Loss) (000s)
Purchased
344 S&P 500 Stock Index Contracts	March 2001	$ 106,812	$ (4,413)

The face value of futures purchased as a percentage of net assets - 0.6%

Legend

(a) Non-income producing

(b) The rate quoted is the annualized daily yield of the fund at period end.

(c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $9,358,000.

Income Tax Information

At February 28, 2001, the aggregate cost of investment securities for income tax purposes was $12,107,826,000. Net unrealized appreciation aggregated $5,391,951,000, of which $6,978,215,000 related to appreciated investment securities and $1,586,264,000 related to depreciated investment securities.

The fund hereby designates approximately $198,000 as a capital gain dividend for the purpose of the dividend paid deduction.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements

Statement of Assets and Liabilities

Amounts in thousands (except per-share amounts)	February 28, 2001
Assets
Investment in securities, at value (including securities loaned of $644,459) (cost $12,045,787) - See accompanying schedule		$ 17,499,777
Receivable for investments sold		438
Receivable for fund shares sold		28,729
Dividends receivable		22,419
Other receivables		321
Total assets		17,551,684
Liabilities
Payable to custodian bank	$ 317
Payable for investments purchased	15,390
Payable for fund shares redeemed	22,564
Accrued management fee	262
Payable for daily variation on futures contracts	2,036
Other payables and accrued expenses	2,418
Collateral on securities loaned, at value	662,392
Total liabilities		705,379
Net Assets		$ 16,846,305
Net Assets consist of:
Paid in capital		$ 11,405,285
Undistributed net investment income		29,063
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		(37,631)
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies		5,449,588
Net Assets, for 382,544 shares outstanding		$ 16,846,305
Net Asset Value, offering price and redemption price per share ($16,846,305 ÷ 382,544 shares)		$44.04

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Operations

Amounts in thousands	Year ended February 28, 2001
Investment Income Dividends		$ 220,488
Interest		8,992
Security lending		2,087
Total income		231,567
Expenses
Management fee and sub-advisory fee	$ 46,212
Transfer agent fees	26,705
Accounting and security lending fees	1,259
Non-interested trustees' compensation	54
Registration fees	397
Audit	121
Legal	73
Interest	19
Reports to shareholders	365
Miscellaneous	55
Total expenses before reductions	75,260
Expense reductions	(41,742)	33,518
Net investment income		198,049
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities	503,163
Foreign currency transactions	(1)
Futures contracts	(16,919)	486,243
Change in net unrealized appreciation (depreciation) on:
Investment securities	(2,162,142)
Futures contracts	(4,366)	(2,166,508)
Net gain (loss)		(1,680,265)
Net increase (decrease) in net assets resulting from operations		$ (1,482,216)

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Changes in Net Assets

Amounts in thousands	Year ended February 28, 2001	Year ended February 29, 2000
Increase (Decrease) in Net Assets
Operations Net investment income	$ 198,049	$ 207,643
Net realized gain (loss)	486,243	488,795
Change in net unrealized appreciation (depreciation)	(2,166,508)	1,135,914
Net increase (decrease) in net assets resulting from operations	(1,482,216)	1,832,352
Distributions to shareholders From net investment income	(202,932)	(205,943)
From net realized gain	-	(119,245)
Total distributions	(202,932)	(325,188)
Share transactions Net proceeds from sales of shares	6,893,369	8,777,752
Reinvestment of distributions	200,227	320,772
Cost of shares redeemed	(7,198,618)	(7,734,901)
Net increase (decrease) in net assets resulting from share transactions	(105,022)	1,363,623
Total increase (decrease) in net assets	(1,790,170)	2,870,787
Net Assets
Beginning of period	18,636,475	15,765,688
End of period (including undistributed net investment income of $29,063 and $33,947, respectively)	$ 16,846,305	$ 18,636,475
Other Information Shares
Sold	137,710	182,069
Issued in reinvestment of distributions	4,018	6,689
Redeemed	(143,247)	(160,547)
Net increase (decrease)	(1,519)	28,211

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended February 28,	2001	2000 ^E	1999	1998	1997
Selected Per-Share Data
Net asset value, beginning of period	$ 48.52	$ 44.30	$ 37.90	$ 28.85	$ 23.56
Income from Investment Operations
Net investment income ^B	.52	.55	.53	.55	.51
Net realized and unrealized gain (loss)	(4.47)	4.54	6.74	9.29	5.47
Total from investment operations	(3.95)	5.09	7.27	9.84	5.98
Less Distributions
From net investment income	(.53)	(.55)	(.53)	(.54)	(.49)
From net realized gain	-	(.32)	(.34)	(.25)	(.20)
Total distributions	(.53)	(.87)	(.87)	(.79)	(.69)
Net asset value, end of period	$ 44.04	$ 48.52	$ 44.30	$ 37.90	$ 28.85
Total Return ^A	(8.26)%	11.53%	19.50%	34.65%	25.87%
Ratios and Supplemental Data
Net assets, end of period (in millions)	$ 16,846	$ 18,636	$ 15,766	$ 11,177	$ 6,487
Ratio of expenses to average net assets	.19% ^C	.19% ^C	.19% ^C	.20% ^C	.28% ^C
Ratio of expenses to average net assets after expense reductions	.17% ^D	.18% ^D	.18% ^D	.19% ^D	.26% ^D
Ratio of net investment income to average net assets	1.03%	1.14%	1.33%	1.66%	2.00%
Portfolio turnover rate	12%	8%	4%	2%	3%

^A The total returns would have been lower had certain expenses not been reduced during the periods shown.

^B Net investment income per share has been calculated based on average shares outstanding during the period.

^C FMR agreed to reimburse a portion of the fund's expenses during the period. Without this reimbursement, the fund's expense ratio would have been higher.

^D FMR or the fund has entered into varying arrangements with third parties who either paid or reduced a portion of the fund's expenses.

^E For the year ended February 29

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended February 28, 2001

1. Significant Accounting Policies.

Spartan U.S. Equity Index Fund (the fund) is a fund of Fidelity Concord Street Trust (the trust) and is authorized to issue an unlimited number of shares. The trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company organized as a Massachusetts business trust. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which require management to make certain estimates and assumptions at the date of the financial statements. The following summarizes the significant accounting policies of the fund:

Security Valuation. Securities for which exchange quotations are readily available are valued at the last sale price, or if no sale price, at the closing bid price. Foreign securities are valued based on quotations from the principal market in which such securities are normally traded. If trading or events occurring in other markets after the close of the principal market in which foreign securities are traded, and before the close of business of the fund, are expected to materially affect the value of those securities, then they are valued at their fair value taking this trading or these events into account. Fair value is determined in good faith under consistently applied procedures under the general supervision of the Board of Trustees. Securities for which exchange quotations are not readily available (and in certain cases debt securities which trade on an exchange) are valued primarily using dealer-supplied valuations or at their fair value. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost or original cost plus accrued interest, both of which approximate current value. Investments in open-end investment companies are valued at their net asset value each business day.

Foreign Currency Translation. The accounting records of the fund are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.

Net realized gains and losses on foreign currency transactions represent net gains and losses from sales and maturities of foreign currency contracts, disposition of foreign currencies, the difference between the amount of net investment income accrued and the U.S. dollar amount actually received, and gains and losses between trade and settlement date on purchases and sales of securities. The effects of changes in foreign currency exchange rates on investments in securities are included with the net realized and unrealized gain or loss on investment securities.

Annual Report

Notes to Financial Statements - continued

1. Significant Accounting Policies - continued

Investment Income. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, which includes accretion of original issue discount, is accrued as earned. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Most expenses of the trust can be directly attributed to a fund. Expenses which cannot be directly attributed are apportioned among the funds in the trust.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) non-interested Trustees must defer receipt of a portion of, and may elect to defer receipt of an additional portion of, their annual compensation. Deferred

amounts are treated as though equivalent dollar amounts had been invested in shares of the fund or are invested in a cross-section of other Fidelity funds. Deferred amounts remain in the fund until distributed in accordance with the Plan.

Distributions to Shareholders. Distributions are recorded on the ex-dividend date.

Income and capital gain distributions are determined in accordance with income tax regulations which may differ from generally accepted accounting principles. These differences, which may result in distribution reclassifications, are primarily due to differing treatments for litigation proceeds, futures transactions, redemptions in kind and losses deferred due to wash sales and excise tax regulations. The fund also utilized earnings and profits distributed to shareholders on redemption of shares as a part of the dividends paid deduction for income tax purposes.

Permanent book and tax basis differences relating to shareholder distributions will result in reclassifications to paid in capital. Undistributed net investment income and accumulated undistributed net realized gain (loss) on investments and foreign currency transactions may include temporary book and tax basis differences which will reverse in a subsequent period. Any taxable income or gain remaining at fiscal year end is distributed in the following year.

Security Transactions. Security transactions are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost.

Annual Report

Notes to Financial Statements - continued

2. Operating Policies.

Foreign Currency Contracts. The fund generally uses foreign currency contracts to facilitate transactions in foreign-denominated securities. Losses may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms. The U.S. dollar value of foreign currency contracts is determined using contractual currency exchange rates established at the time of each trade.

Futures Contracts. The fund may use futures contracts to manage its exposure to the stock market. Buying futures tends to increase the fund's exposure to the underlying instrument, while selling futures tends to decrease the fund's exposure to the underlying instrument or hedge other fund investments. Futures contracts involve, to varying degrees, risk of loss in excess of the futures variation margin reflected in the Statement of Assets and Liabilities. The underlying face amount at value of any open futures contracts at period end is shown in the schedule of investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument at period end. Losses may arise from changes in the value of the underlying instruments or if the counterparties do not perform under the contracts' terms. Gains (losses) are realized upon the expiration or closing of the futures contracts. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded.

3. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $2,242,758,000 and $2,368,878,000, respectively.

The market value of futures contracts opened and closed during the period amounted to $3,558,403,000 and $3,528,061,000, respectively.

4. Fees and Other Transactions with Affiliates.

Management Fee. As the fund's investment adviser, Fidelity Management & Research Company (FMR) receives a fee that is computed daily at an annual rate of .24% of the fund's average net assets.

Sub-Adviser and Security Lending Fees. FMR Co., Inc. (FMRC) serves as a sub-adviser for the fund. FMRC may provide investment research and advice and may also provide investment advisory services for the fund. FMR and the fund have also entered into a sub-advisory agreement with Bankers Trust Company (Bankers Trust). Bankers Trust receives a sub-advisory fee from FMR for providing investment management and custodial services to the fund. For these services, FMR pays Bankers Trust fees at an annual rate of 0.006% of the fund's average net assets. Effective May 1, 2001, Deutsche Asset Management , Inc. (DAMI) will serve as sub-adviser of the fund. Bankers Trust (BT) and DAMI are both wholly owned indirect subsidiaries of Deutsche Bank AG. All personnel currently employed by BT in managing the fund will be employed by DAMI in substantially the same capacity.

Annual Report

Notes to Financial Statements - continued

4. Fees and Other Transactions with Affiliates - continued

Sub-Adviser and Security Lending Fees - continued

Under a separate securities lending agreement with Bankers Trust, the fund receives at least 75% (70% prior to January 1, 2001) of net income from the securities lending program. Bankers Trust retains no more than 25% (30% prior to January 1, 2001) of net income under this agreement. For the period, Bankers Trust retained $493,000.

Brokerage Commissions. The fund placed a portion of its portfolio transactions with brokerage firms which are affiliates of Bankers Trust. The commissions paid to these affiliated firms were $118,000 for the period.

5. Security Lending.

The fund lends portfolio securities from time to time in order to earn additional income. The fund receives collateral in the form of U.S. Treasury obligations, letters of credit, and/or cash against the loaned securities, and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the fund and any additional required collateral is delivered to the fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Cash collateral is invested in cash equivalents. The value of loaned securities and cash collateral at period end are disclosed on the Statement of Assets and Liabilities. The fund also received as collateral U.S. Treasury obligations valued at $1,382,000.

Annual Report

Notes to Financial Statements - continued

6. Bank Borrowings.

The fund is permitted to have bank borrowings for temporary or emergency purposes to fund shareholder redemptions. The fund has established borrowing arrangements with certain banks. The interest rate on the borrowings is the bank's base rate, as revised from time to time. The average daily loan balance during the period for which loans were outstanding amounted to $9,408,000. The weighted average interest rate was 6.4%.

7. Expense Reductions.

FMR voluntarily agreed to reimburse the fund's operating expenses (excluding interest, taxes, brokerage commissions, extraordinary expenses and sub-advisory fees paid by the fund associated with securities lending) above an annual rate of .19% of average net assets. For the period, the reimbursement reduced expenses by $38,674,000.

In addition, through arrangements with the fund's custodian and transfer agent, credits realized as a result of uninvested cash balances were used to reduce a portion of the fund's expenses. During the period, the fund's custodian and transfer agent fees were reduced by $67,000 and $3,001,000, respectively, under these arrangements.

Annual Report

Report of Independent Accountants

To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan U.S. Equity Index Fund:

In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan U.S. Equity Index Fund (a fund of Fidelity Concord Street Trust) at February 28, 2001, and the results of its operations, the changes in its net assets and the financial highlights for the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Spartan U.S. Equity Index Fund's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with auditing standards generally accepted in the United States of America which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2001 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP

Boston, Massachusetts
April 12, 2001

Annual Report

Distributions

The Board of Trustees of Spartan U.S. Equity Index Fund voted to pay on April 9, 2001, to shareholders of record at the opening of business on April 6, 2001, a distribution of $.03 per share derived from capital gains realized from sales of portfolio securities.

The fund designates 100% of the dividends distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

The fund will notify shareholders in January 2002 of amounts for use in preparing 2001 income tax returns.

Annual Report

Investment Adviser

Fidelity Management & Research Company

Boston, MA

Investment Sub-Adviser

FMR Co., Inc.

Bankers Trust Company

Officers

Edward C. Johnson 3d, President

Robert C. Pozen, Senior Vice President

Robert A. Lawrence, Vice President

Eric D. Roiter, Secretary

Robert A. Dwight, Treasurer

Maria F. Dwyer, Deputy Treasurer

John H. Costello, Assistant Treasurer

Thomas J. Simpson, Assistant Treasurer

Board of Trustees

J. Michael Cook *

Ralph F. Cox *

Phyllis Burke Davis *

Robert M. Gates *

Edward C. Johnson 3d

Donald J. Kirk *

Marie L. Knowles *

Ned C. Lautenbach *

Peter S. Lynch

Marvin L. Mann *

William O. McCoy *

Robert C. Pozen

Advisory Board

Abigail P. Johnson

William S. Stavropoulos

General Distributor

Fidelity Distributors Corporation

Boston, MA

* Independent trustees

Transfer and Shareholder Servicing Agent

Fidelity Investments Institutional

Operations Company, Inc.

Boston, MA

Custodian

Bankers Trust Company

New York, NY

UEI-PRO-0401 130672
1.701012.103

(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
82 Devonshire St., Boston, MA 02109
www.fidelity.com

Spartan® Total Market Index

Spartan Extended Market Index

Spartan International Index

Funds

Annual Report

February 28, 2001

(2_fidelity_logos) (Registered_Trademark)

President's Message	<Click Here>	Ned Johnson on investing strategies.

Spartan Total Market Index Fund	<Click Here>	Performance
	<Click Here>	Fund Talk: The Manager's Overview
	<Click Here>	Investment Changes
	<Click Here>	Investments
	<Click Here>	Financial Statements

Spartan Extended Market Index Fund	<Click Here>	Performance
	<Click Here>	Fund Talk: The Manager's Overview
	<Click Here>	Investment Changes
	<Click Here>	Investments
	<Click Here>	Financial Statements

Spartan International Index Fund	<Click Here>	Performance
	<Click Here>	Fund Talk: The Manager's Overview
	<Click Here>	Investment Changes
	<Click Here>	Investments
	<Click Here>	Financial Statements

Notes	<Click Here>	Notes to the Financial Statements

Report of Independent Accountants	<Click Here>	The Auditors' Opinion

Distributions	<Click Here>

Standard & Poor's 500, S&P, and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by
Fidelity Distributors Corporation.

Other third party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR Corp. or an affiliated company.

(Recycle graphic) This report is printed on recycled paper using soy-based inks.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.

Neither the funds nor Fidelity Distributors Corporation is a bank.

For more information on any Fidelity fund, including charges and expenses, call 1-800-544-6666 for a free prospectus. Read it carefully before you invest or send money.

Annual Report

President's Message

(Photograph of Edward C. Johnson 3d.)

Dear Shareholder:

After a strong recovery in January, equity markets gave up their gains in February as consumer confidence slumped to a four-year low. The NASDAQ^® index - heavily weighted with technology stocks - experienced its third-worst monthly performance ever. On the other hand, fixed-income investments continued to provide downside protection and positive returns for investors. High-yield securities and investment-grade corporate bonds were among the strongest performers in the first two months of 2001.

While it's impossible to predict the future direction of the markets with any degree of certainty, there are certain basic principles that can help investors plan for their future needs.

First, investors are encouraged to take a long-term view of their portfolios. If you can afford to leave your money invested through the inevitable up and down cycles of the financial markets, you will greatly reduce your vulnerability to any single decline. We know from experience, for example, that stock prices have gone up over longer periods of time, have significantly outperformed other types of investments and have stayed ahead of inflation.

Second, you can further manage your investing risk through diversification. A stock mutual fund, for instance, is already diversified, because it invests in many different companies. You can increase your diversification further by investing in a number of different stock funds, or in such other investment categories as bonds. If you have a short investment time horizon, you might want to consider moving some of your investment into a money market fund, which seeks income and a stable share price by investing in high-quality, short-term investments. Of course, it's important to remember that an investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these types of funds.

Finally, no matter what your time horizon or portfolio diversity, it makes good sense to follow a regular investment plan, investing a certain amount of money in a fund at the same time each month or quarter and periodically reviewing your overall portfolio. By doing so, you won't get caught up in the excitement of a rapidly rising market, nor will you buy all your shares at market highs. While this strategy - known as dollar cost averaging - won't assure a profit or protect you from a loss in a declining market, it should help you lower the average cost of your purchases. Of course, you should consider your financial ability to continue your purchases through periods of low price levels before undertaking such a strategy.

If you have questions, please call us at 1-800-544-6666, or visit our web site at www.fidelity.com. We are available 24 hours a day, seven days a week to provide you the information you need to make the investments that are right for you.

Best regards,

/s/Edward C. Johnson 3d

Edward C. Johnson 3d

Annual Report

Spartan Total Market Index Fund

Performance: The Bottom Line

There are several ways to evaluate a fund's historical performance. You can look at the total percentage change in value, the average annual percentage change or the growth of a hypothetical $10,000 investment. Total return reflects the change in the value of an investment, assuming reinvestment of the fund's dividend income and capital gains (the profits earned upon the sale of securities that have grown in value). If Fidelity had not reimbursed certain fund expenses, the total returns would have been lower.

Cumulative Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan Total Market Index	-14.61%	32.16%
Wilshire 5000 Total Market	-14.54%	30.47%
Growth & Income Funds Average	4.39%	n/a*

Cumulative total returns show the fund's performance in percentage terms over a set period - in this case, one year or since the fund started on November 5, 1997. For example, if you had invested $1,000 in a fund that had a 5% return over the past year, the value of your investment would be $1,050. You can compare the fund's return to the performance of the Wilshire 5000 Total Market Index (Wilshire 5000) - a market capitalization-weighted index of approximately 7,000 U.S. equity securities. The index contains all actively traded common stocks with readily available price data traded on the New York Stock Exchange, American Stock Exchange, and NASDAQ. To measure how the fund's performance stacked up against its peers, you can compare it to the growth & income funds average, which reflects the performance of mutual funds with similar objectives tracked by Lipper Inc. The past one year average represents a peer group of 989 mutual funds. These benchmarks include reinvested dividends and capital gains, if any, and exclude the effect of sales charges. Lipper has created additional comparison categories that group funds according to portfolio characteristics and capitalization, as well as by capitalization only. These averages are listed on the bottom of this page.(dagger)

Average Annual Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan Total Market Index	-14.61%	8.77%
Wilshire 5000 Total Market	-14.54%	8.35%
Growth & Income Funds Average	4.39%	n/a*

Average annual total returns take the fund's cumulative return and show you what would have happened if the fund had performed at a constant rate each year.

* Not available

(dagger) The Lipper multi-cap core funds average reflects the performance (excluding sales charges) of mutual funds with similar portfolio characteristics and capitalization. The Lipper multi-cap supergroup average reflects the performance (excluding sales charges) of mutual funds with similar capitalization. As of February 28, 2001, the one year cumulative total return for the multi-cap core funds average was -8.23%. The one year average annual return was -8.23%. The one year cumulative total return for the Lipper multi-cap supergroup average was -6.59%. The one year average annual return was -6.59%.

$10,000 Over Life of Fund

$10,000 Over Life of Fund: Let's say hypothetically that $10,000 was invested in Spartan Total Market Index Fund on November 5, 1997, when the fund started. As the chart shows, by February 28, 2001, the value of the investment would have been $13,216 - a 32.16% increase on the initial investment. For comparison, look at how the Wilshire 5000 did over the same period. With dividends and capital gains, if any, reinvested, the same $10,000 investment would have been $13,047 - a 30.47% increase.

Understanding Performance

Annual Report

Spartan Total Market Index Fund

Fund Talk: The Manager's Overview

(Portfolio Manager photograph)

An interview with James Creighton, who oversees the Spartan Total Market Index Fund's investment management personnel as Managing Director for Bankers Trust, sub-adviser of the fund*

Q. How did the fund perform, Jim?

A. For the 12-month period that ended February 28, 2001, the fund returned -14.61%, while the Wilshire 5000 Total Market Index returned -14.54%. The growth & income funds average tracked by Lipper Inc. returned 4.39% during the same period.

Q. What factors set the tone for market performance during the past 12 months?

A. What began as a boom in the equity markets ended in a bust. Excessive speculation, overindebtedness and overinvestment constrained growth and effectively punctured the technology-inspired bubble that began to form in 1999. In the process, from the market's peak in mid-March 2000 to the end of February 2001, an astounding $3 trillion in U.S. share value was lost. Several factors combined to ensure the fate of the market during this time frame. A deep valuation correction in the tech-heavy NASDAQ^® and the subsequent demise of many dot-coms got things started in the spring, quelling investor enthusiasm. Growing uncertainty surrounding the health of the economy and the direction of interest rates triggered a shift away from riskier assets, such as tech stocks, in September. Conditions worsened in the fall. Sharply higher energy costs, the lagged impact of higher interest rates, slumping stock prices and a tighter supply of available funding culminated in a sharp deceleration that threatened the viability of economic expansion. Consumer and business confidence waned, leading to a slowdown in consumer and business spending - the lifeblood of economic growth. Slackening aggregate demand resulted in a build-up of unwanted inventories in several key sectors, particularly technology, which weighed on corporate profits and dragged down share prices. If economic uncertainty wasn't enough reason to keep investors on the sidelines, political uncertainty surrounding an unresolved presidential election further intensified the pessimism that pervaded the market.

Q. What did the new year have in store for the market?

A. In January, the Federal Reserve Board sent a strong positive signal of support for the economy, by way of two half-point interest-rate cuts - its most aggressive action in 16 months - which sparked a tremendous broad-market rally. The rally, however, was short-lived. In February, the Fed dashed investors' hopes of a between-meetings rate cut, which, together with expectations for a poor earnings season, induced the market to give back all of January's gains - and wiped out what remained of the NASDAQ's 85% gain from the run-up in 1999. It was the third-worst monthly slide on record for the NASDAQ, dropping it 57% off its March 2000 high, while the Standard & Poor's 500^SM Index itself flirted with bear territory - down nearly 19% from its peak.

Q. What spoiled the party for tech stocks?

A. One by one, companies from every industry in the tech sector were belted for failing to meet the Street's earnings forecasts, proving that even tech stocks were not immune to slowdowns and interest-rate cycles. Value stocks usurped market leadership, as investors herded into economically sensitive cyclical and defensive stocks. The top-performing sectors during the period reflected this dramatic style rotation, with finance, energy, health and nondurables all posting double-digit returns. However, that wasn't enough to overcome the downturn in the technology sector. In sharp contrast to a year ago, when eight out of the top-10 contributors in the Wilshire 5000 were tech names, there were zero this period. Conversely, there were plenty on the bottom of the list, most notably Microsoft, Lucent, Cisco and Intel. Also bringing up the rear were traditional telephone utilities, such as AT&T, which suffered from severe pricing erosion.

Q. What fueled the top-performing sectors during the period?

A. Companies whose prospects are not tied to the strength of the economy fared the best. Non-credit financial firms American International Group and Citigroup performed quite well. Energy stocks, particularly service companies such as Kinder Morgan, benefited from a favorable global supply/demand picture. Pharmaceutical and consumer stocks also outperformed. Pfizer and Philip Morris, respectively, were standouts.

Q. Jim, what's your outlook?

A. Equity markets must contend with a sharply deteriorating profit outlook for the near term. The Fed will probably remain in an aggressive easing mode at least until mid-year, aiming to insure against the growing downside risks. If economic activity picks up later this year and into 2002, as we expect, equities may be close to discounting the bad news, and could firm later this year and next.

The views expressed in this report reflect those of Bankers Trust only through the end of the period of the report as stated on the cover. Any such views are subject to change at any time based on market or other conditions. For more information, see page A-2.

Fund Facts

Goal: seeks to provide investment results that correspond to the total return of a broad range of United States stocks

Fund number: 397

Trading symbol: FSTMX

Start date: November 5, 1997

Size: as of February 28, 2001, more than $1.0 billion

Sub-adviser: Bankers Trust, since inception

Annual Report

Spartan Total Market Index Fund

Investment Changes

Top Ten Stocks as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
General Electric Co.	3.3	3.5
Microsoft Corp.	2.3	2.2
Exxon Mobil Corp.	2.0	1.7
Pfizer, Inc.	2.0	1.6
Citigroup, Inc.	1.8	1.6
Wal-Mart Stores, Inc.	1.6	1.3
Intel Corp.	1.4	3.0
AOL Time Warner, Inc.	1.4	1.5
American International Group, Inc.	1.4	1.2
Merck & Co., Inc.	1.3	1.0
	18.5
Market Sectors as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
Information Technology	18.5	33.0
Financials	18.1	15.1
Health Care	13.5	11.0
Consumer Discretionary	13.2	11.0
Industrials	10.1	8.9
Consumer Staples	6.9	5.0
Telecommunication Services	5.5	6.1
Energy	5.3	4.4
Utilities	3.9	2.9
Materials	2.3	1.9

Annual Report

Spartan Total Market Index Fund

Investments February 28, 2001

Showing Percentage of Net Assets

Common Stocks - 97.3%
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - 13.2%
Auto Components - 0.3%
Aftermarket Technology Corp. (a)	700		$ 3,938
American Axle & Manufacturing Holdings, Inc. (a)	2,100		21,945
ArvinMeritor, Inc.	4,500		69,075
Bandag, Inc.	1,300		48,100
BorgWarner, Inc.	1,600		69,920
Boyds Wheels, Inc. (a)	4,700		9
Breed Technologies, Inc. (a)	1,000		100
Collins & Aikman Corp. (a)	1,300		6,110
Cooper Tire & Rubber Co.	3,600		48,096
Dana Corp.	9,856		166,862
Delphi Automotive Systems Corp.	46,623		654,121
Dura Automotive Systems, Inc. Class A (a)	1,683		13,622
Exide Corp.	1,000		9,140
Federal Signal Corp.	3,200		70,880
Federal-Mogul Corp.	29,500		101,480
Finishmaster, Inc. (a)	900		6,413
GenTek, Inc.	1,600		18,144
Gentex Corp. (a)	5,900		147,869
Goodyear Tire & Rubber Co.	10,800		275,400
Hayes Lemmerz International, Inc. (a)	1,000		6,330
IMPCO Technologies, Inc. (a)	2,100		50,138
Intermet Corp.	400		1,350
Johnson Controls, Inc.	5,800		385,584
Lear Corp. (a)	3,800		121,828
McLaren Automotive Group, Inc. (a)	500		516
Midas, Inc.	1,400		18,158
Modine Manufacturing Co.	1,400		37,188
Rockford Corp.	2,500		17,344
Sauer-Danfoss, Inc.	2,000		19,760
Snap-On, Inc.	5,300		149,990
Stoneridge, Inc. (a)	3,500		26,425
Strattec Security Corp. (a)	1,800		58,950
Superior Industries International, Inc.	1,300		48,490
Tenneco Automotive, Inc.	6,360		20,034
Tower Automotive, Inc. (a)	3,400		37,400
TRW, Inc.	8,300		324,032
Visteon Corp.	8,956		128,966
			3,183,707
Automobiles - 0.7%
Coachmen Industries, Inc.	300		3,360
Ford Motor Co.	139,896		3,890,508
General Motors Corp.	38,446		2,049,941
Harley-Davidson, Inc.	24,100		1,044,735
Monaco Coach Corp. (a)	200		4,004
National R.V. Holdings, Inc. (a)	300		3,225
Thor Industries, Inc.	200		4,934
Winnebago Industries, Inc.	3,100		52,700
			7,053,407

	Shares		Value (Note 1)
Distributors - 0.0%
Advanced Marketing Services, Inc.	600		$ 12,030
ALL American Semiconductor, Inc. (a)	3,800		36,100
Cellstar Corp. (a)	8,500		10,625
Herbalife International, Inc. Class A	433		3,545
Jaco Electronics, Inc. (a)	1,950		14,930
Navarre Corp. (a)	5,800		8,700
U.S.A. Floral Products, Inc. (a)	1,000		130
WESCO International, Inc. (a)	5,300		49,025
			135,085
Hotels Restaurants & Leisure - 1.1%
Alliance Gaming Corp. (a)	28		336
American Classic Voyager Co. (a)	500		8,125
AMF Bowling, Inc. (a)	2,000		290
Anchor Gaming (a)	2,400		117,450
Applebee's International, Inc.	5,000		153,125
Argosy Gaming Co. (a)	600		13,320
Avado Brands, Inc. (a)	800		550
Aztar Corp. (a)	1,600		18,880
Bally Total Fitness Holding Corp. (a)	1,000		31,500
Bob Evans Farms, Inc.	4,700		94,000
Boca Resorts, Inc. Class A (a)	900		10,665
Boyd Gaming Corp. (a)	300		1,053
Brinker International, Inc. (a)	6,600		195,096
Buca, Inc. (a)	4,600		91,425
Carnival Corp.	41,200		1,373,608
CBRL Group, Inc.	12,300		232,931
CEC Entertainment, Inc. (a)	750		30,000
Cedar Fair LP (depository unit)	900		18,540
Cheap Tickets, Inc. (a)	3,600		34,650
Cheesecake Factory, Inc. (a)	1,875		74,180
Churchill Downs, Inc.	2,200		60,225
CKE Restaurants, Inc.	1,711		6,331
Crestline Capital Corp. (a)	830		21,290
Darden Restaurants, Inc.	3,900		84,747
Dave & Busters, Inc. (a)	1,700		16,660
Dover Downs Entertainment, Inc.	1,400		16,940
Einstein/Noah Bagel Corp. (a)	100		10
Extended Stay America, Inc. (a)	5,100		75,480
Fairfield Communities, Inc. (a)	3,200		47,872
Fine Host Corp. (a)	500		0
Garden Fresh Restaurant Corp. (a)	2,900		21,025
Gaylord Entertainment Co. (a)	1,700		40,970
Gtech Holdings Corp. (a)	1,700		45,883
Harrah's Entertainment, Inc. (a)	7,700		238,854
Hilton Hotels Corp.	23,437		251,010
International Game Technology (a)	6,950		375,300
International Speedway Corp. Class A	3,300		148,913
Interstate Hotels Corp. Class A (a)	127		290
Isle Capri Casinos, Inc. (a)	1,000		8,313
Jack in the Box, Inc. (a)	1,200		35,784
Landry's Seafood Restaurants, Inc.	1,500		17,565
Littlefield Corp. (a)	2,100		3,281
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Hotels Restaurants & Leisure - continued
Lodgian, Inc. (a)	300		$ 990
Lone Star Steakhouse & Saloon, Inc.	7,700		70,744
Mandalay Resort Group (a)	5,500		111,540
Marcus Corp.	400		6,080
Marriott International, Inc. Class A	19,800		845,064
McDonald's Corp.	92,400		2,716,560
MeriStar Hotels & Resorts, Inc. (a)	200		388
MGM Mirage, Inc.	10,902		293,046
Morrison Management Specialists, Inc.	3,080		122,553
O'Charleys, Inc. (a)	150		2,700
Outback Steakhouse, Inc. (a)	2,200		58,520
P.F. Chang's China Bistro, Inc. (a)	3,600		120,600
Papa John's International, Inc. (a)	1,900		45,363
Park Place Entertainment Corp. (a)	29,400		327,810
Penn National Gaming, Inc. (a)	100		1,481
Pinnacle Entertainment, Inc. (a)	1,200		12,900
PopMail.com, Inc. (a)	710		114
Prandium, Inc. (a)	1,100		33
Prime Hospitality Corp. (a)	1,900		24,225
Rare Hospitality International, Inc. (a)	6,050		175,828
Royal Caribbean Cruises Ltd.	16,400		463,300
Rubio's Restaurants, Inc. (a)	7,700		31,281
Ryan's Family Steak Houses, Inc. (a)	1,200		12,075
Schlotzskys, Inc. (a)	100		400
Silicon Gaming, Inc. (a)	100		9
Silicon Gaming, Inc. warrants 7/26/04 (a)	100		0
Six Flags, Inc. (a)	4,200		90,678
Sodexho Marriott Services, Inc. (a)	3,700		108,040
Sonic Corp. (a)	4,725		110,742
Speedway Motorsports, Inc.	2,300		54,165
Starbucks Corp. (a)	13,400		638,175
Starwood Hotels & Resorts Worldwide, Inc. unit	17,356		605,724
Station Casinos, Inc. (a)	3,100		41,354
Suburban Lodges of America, Inc. (a)	200		1,100
Triarc Companies, Inc. Class A (a)	1,475		39,117
Tricon Global Restaurants, Inc. (a)	8,700		334,950
Trump Hotels & Casino Resorts, Inc. (a)	700		1,645
Vail Resorts, Inc. (a)	1,100		23,760
Wendy's International, Inc.	4,900		121,275
Wyndham International, Inc. Class A (a)	5,212		10,997
			11,641,793
Household Durables - 0.5%
Advanced Lighting Technologies, Inc. (a)	4,600		28,750
American Biltrite, Inc.	400		5,840
American Greetings Corp. Class A	3,600		47,016
American Homestar Corp. (a)	800		80
Applica, Inc. (a)	2,700		18,630
Bassett Furniture Industries, Inc.	1,600		22,800
Beazer Homes USA, Inc. (a)	400		18,280

	Shares		Value (Note 1)
Black & Decker Corp.	5,800		$ 240,758
Blyth, Inc.	2,900		67,744
Boston Acoustics, Inc.	100		1,200
Boyds Collection, Ltd. (a)	3,500		30,450
Bush Industries, Inc. Class A	1,500		20,625
Centex Corp.	4,100		168,756
Champion Enterprises, Inc. (a)	1,600		8,800
Chromcraft Revington, Inc. (a)	1,600		16,240
Clayton Homes, Inc.	8,475		108,056
Cobra Electronics Corp. (a)	1,200		9,900
Crossman Communities, Inc. (a)	100		2,794
D.R. Horton, Inc.	4,823		109,964
Del Webb Corp. (a)	700		20,230
Department 56, Inc. (a)	2,200		19,272
Dixie Group, Inc. (a)	2,900		10,150
Dominion Homes, Inc. (a)	300		2,888
Enesco Group, Inc.	5,000		26,500
Ethan Allen Interiors, Inc.	3,200		108,672
Falcon Products, Inc.	1,700		15,130
Fedders Corp.	2,400		12,360
Fleetwood Enterprises, Inc.	3,300		39,765
Flexsteel Industries, Inc.	1,300		16,088
Foamex International, Inc. (a)	2,000		11,500
Fortune Brands, Inc.	10,700		361,446
Furniture Brands International, Inc. (a)	4,100		100,655
Helen of Troy Corp. (a)	1,400		9,100
Interface, Inc. Class A	9,800		62,475
Juno Lighting, Inc. (a)	4,800		32,550
KB HOME	5,200		145,340
Kimball International, Inc. Class B	3,900		58,744
La-Z-Boy, Inc.	4,850		77,115
Lancaster Colony Corp.	3,750		110,625
Leggett & Platt, Inc.	14,200		274,628
Lennar Corp.	4,400		156,200
Libbey, Inc.	900		28,485
Lifetime Hoan Corp.	300		2,044
M.D.C. Holdings, Inc.	1,100		39,325
M/I Schottenstein Homes, Inc.	100		2,780
Matthews International Corp. Class A	400		12,450
Maytag Corp.	5,300		177,550
Media Arts Group, Inc. (a)	200		1,000
Metromedia International Group, Inc. (a)	2,200		6,468
Mity Enterprises, Inc. (a)	1,100		9,281
Mohawk Industries, Inc. (a)	4,100		122,795
National Presto Industries, Inc.	900		26,775
Newell Rubbermaid, Inc.	18,201		478,868
NVR, Inc. (a)	1,400		203,700
Oakwood Homes Corp.	1,400		1,638
Oneida Ltd.	400		6,800
Palm Harbor Homes, Inc. (a)	1,000		18,500
Pulte Corp.	2,800		96,180
Recoton Corp. (a)	2,000		23,000
Russ Berrie & Co., Inc.	700		18,200
Ryland Group, Inc.	500		20,145
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Salton, Inc. (a)	1,100		$ 20,724
Skyline Corp.	100		2,445
Springs Industries, Inc. Class A	800		35,688
Standard Pacific Corp.	3,000		72,000
Stanley Furniture Co., Inc. (a)	1,000		25,625
Sunbeam Corp. (a)	670		102
Sunbeam Corp. warrants 8/24/03 (a)	114		0
Swiss Army Brands, Inc. (a)	700		4,288
TCI International, Inc. (a)	2,700		30,038
The Rowe Companies	1,000		3,940
The Stanley Works	5,600		194,880
Toll Brothers, Inc. (a)	3,100		110,856
Topps Co., Inc. (a)	12,600		122,850
Toro Co.	500		22,200
Tripath Technology, Inc.	1,600		18,900
Tupperware Corp.	3,700		87,320
Universal Electronics, Inc. (a)	3,400		64,175
Virco Manufacturing Co.	1,760		17,635
WestPoint Stevens, Inc.	2,900		24,418
Whirlpool Corp.	4,700		248,489
Yankee Candle Co., Inc. (a)	3,100		41,385
York Group, Inc.	400		1,688
			5,043,746
Internet & Catalog Retail - 0.2%
1-800-FLOWERS.COM, Inc. Class A (a)	4,600		27,313
Amazon.com, Inc. (a)	24,500		249,594
Ashford.com, Inc. (a)	3,900		2,559
Audible, Inc. (a)	3,900		4,631
b2bstores.com, Inc.	3,600		11,700
barnesandnoble.com, Inc. Class A (a)	11,650		16,019
Beyond.com Corp. (a)	9,400		3,231
Blair Corp.	300		5,445
Bluefly, Inc. (a)	2,800		3,150
Bluefly, Inc. rights 3/26/01 (a)	4,858		455
BUY.com, Inc.	6,990		3,058
Coldwater Creek, Inc. (a)	600		11,100
Cyberian Outpost, Inc. (a)	3,900		3,413
Damark International, Inc. Class A (a)	100		475
dELiA*s Corp. Class A (a)	11,046		42,458
Drugstore.com, Inc. (a)	2,900		3,806
eBay, Inc. (a)	18,500		709,070
Egghead.com, Inc. (a)	8,208		6,412
eToys, Inc. (a)	15,200		1,425
Genesis Direct, Inc. (a)	3,000		3
GSV, Inc. (a)	980		306
IdeaMall, Inc. (a)	500		625
Insight Enterprises, Inc. (a)	2,775		62,958
J. Jill Group, Inc. (a)	4,400		79,750
Land's End, Inc. (a)	2,000		46,440
Lillian Vernon Corp.	200		1,750
MediaBay, Inc. (a)	800		750

	Shares		Value (Note 1)
MotherNature.com, Inc.	7,800		$ 936
MP3.com, Inc. (a)	18,900		56,700
Network Commerce, Inc. (a)	1,300		325
PEAPOD, Inc. (a)	12,400		14,725
Pets.com, Inc.	1,450		181
Priceline.com, Inc. (a)	11,200		30,100
School Specialty, Inc. (a)	1,200		26,475
SciQuest.com, Inc. (a)	700		1,313
Shop At Home, Inc. (a)	5,100		7,650
SkyMall, Inc. (a)	700		1,313
SmarterKids.com, Inc. (a)	4,900		5,513
Spiegel, Inc. Class A	11,800		85,550
Stamps.com, Inc. (a)	800		2,375
Student Advantage, Inc. (a)	500		1,500
Ticketmaster Online CitySearch, Inc. Class B (a)	2,500		23,281
ValueVision International, Inc. Class A (a)	2,300		35,075
Webvan Group, Inc. (a)	8,339		2,345
			1,593,253
Leisure Equipment & Products - 0.3%
Action Performance Companies, Inc. (a)	7,500		41,016
Adams Golf, Inc. (a)	400		500
Arctic Cat, Inc.	1,000		14,313
Brunswick Corp.	5,300		112,837
Callaway Golf Co.	4,100		98,605
Cannondale Corp. (a)	100		466
Concord Camera Corp. (a)	4,300		28,488
Direct Focus, Inc. (a)	3,350		89,194
Eastman Kodak Co.	26,400		1,188,000
Equity Marketing, Inc. (a)	2,400		29,100
Global Technologies Ltd. (a)	3,300		2,269
Hasbro, Inc.	10,655		130,843
JAKKS Pacific, Inc. (a)	5,850		75,684
K2, Inc. (a)	700		6,104
Mattel, Inc.	28,016		475,151
Meade Instruments Corp. (a)	2,600		16,250
Midway Games, Inc. (a)	239		1,709
Oakley, Inc. (a)	3,700		62,160
Parkervision, Inc. (a)	900		24,708
Pinnacle Systems, Inc. (a)	6,900		75,038
Play By Play Toys & Novelties, Inc. (a)	6,400		2,400
Polaris Industries, Inc.	1,200		56,160
Polaroid Corp.	7,500		37,500
Racing Champions Corp. (a)	4,400		13,750
Rawlings Sporting Goods, Inc. (a)	4,300		19,350
SAF T LOK, Inc. (a)	18,600		6,975
SCP Pool Corp. (a)	600		19,950
Sturm Ruger & Co., Inc.	300		3,045
Toymax International, Inc. (a)	3,900		8,531
WMS Industries, Inc. (a)	1,300		23,946
			2,664,042
Media - 5.1%
4Kids Entertainment, Inc. (a)	3,500		47,180
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Media - continued
5th Avenue Channel Corp. (a)	700		$ 459
Ackerley Group, Inc.	700		9,751
ACTV, Inc. (a)	3,400		16,256
Adelphia Communications Corp. Class A (a)	10,102		400,923
ADVO, Inc. (a)	4,000		161,600
American Coin Merchandising, Inc. (a)	100		275
AOL Time Warner, Inc. (a)	311,449		13,713,099
APAC Customer Services, Inc. (a)	4,300		23,650
Ballantyne of Omaha, Inc. (a)	100		56
Belo Corp. Series A	7,400		133,200
BHC Communications, Inc. Class A	1,500		205,125
Blockbuster, Inc. Class A	9,100		127,400
Brilliant Digital Entertainment, Inc. (a)	500		500
Cablevision Systems Corp. Class A (a)	10,500		814,800
Carmike Cinemas, Inc. Class A (a)	200		75
Catalina Marketing Corp. (a)	4,400		146,520
Championship Auto Racing Teams, Inc. (a)	1,900		30,020
Charter Communications, Inc. Class A (a)	15,000		320,625
Chris-Craft Industries, Inc.	2,811		199,300
Citadel Communications Corp. (a)	4,700		117,500
Classic Communications, Inc. Class A (a)	2,400		7,200
Clear Channel Communications, Inc. (a)	40,834		2,333,663
Comcast Corp. Class A (special) (a)	68,060		2,947,849
Cox Communications, Inc. Class A (a)	44,701		1,855,986
Cox Radio, Inc. Class A (a)	2,400		52,824
Crown Media Holdings, Inc.	1,200		23,175
Cumulus Media, Inc. (a)	1,700		8,500
Cyrk, Inc. (a)	5,600		16,275
Data Broadcasting Corp.	1,000		5,438
Dow Jones & Co., Inc.	5,900		363,440
E.W. Scripps Co. Class A	5,200		327,236
EchoStar Communications Corp. Class A (a)	15,800		412,775
Emmis Communications Corp. Class A (a)	3,500		92,531
Engage, Inc. (a)	10,700		12,038
Entercom Communications Corp. Class A (a)	1,900		77,425
Entravision Communications Corp. Class A	3,200		32,000
Fox Entertainment Group, Inc. Class A (a)	12,400		296,360
Gannett Co., Inc.	21,800		1,441,852
Gemstar-TV Guide International, Inc. (a)	30,600		1,384,650
General Motors Corp. Class H	52,226		1,183,963
Getty Images, Inc. (a)	3,800		95,475
HA-LO Industries, Inc. (a)	1,250		2,038
Harcourt General, Inc.	6,600		369,864
Harris Interactive, Inc. (a)	4,500		18,281
Harte-Hanks, Inc.	4,000		94,160

	Shares		Value (Note 1)
Havas Advertising SA sponsored ADR (a)	5,758		$ 79,173
Hearst-Argyle Television, Inc. (a)	2,727		55,004
Hispanic Broadcasting Corp. (a)	7,700		173,250
Hollinger International, Inc. Class A	6,800		110,840
Houghton Mifflin Co.	1,900		80,712
Image Entertainment, Inc. (a)	700		2,034
Information Holdings, Inc. (a)	1,100		27,060
Insight Communications, Inc. (a)	4,600		113,563
Interep National Radio Sales, Inc. Class A (a)	2,900		15,225
Interpublic Group of Companies, Inc.	20,300		763,280
John Wiley & Sons, Inc. Class A	3,500		73,570
Journal Register Co. (a)	2,400		39,000
K-Tel International, Inc. (a)	4,000		660
Key3Media Group, Inc. (a)	3,150		38,052
Knight-Ridder, Inc.	7,000		418,250
Kushner Locke Co. (a)	6,300		788
Lamar Advertising Co. Class A (a)	5,850		241,313
Laser-Pacific Media Corp. (a)	2,700		6,075
Leapnet, Inc. (a)	6,225		5,058
Lee Enterprises, Inc.	2,500		79,050
Liberty Corp.	900		34,164
Liberty Digital, Inc. (a)	3,400		29,750
Liberty Satellite & Technology, Inc. Class A (a)	5,400		19,238
LifeMinders, Inc. (a)	1,900		3,800
Macrovision Corp. (a)	2,800		112,175
Marketing Services Group, Inc. (a)	500		938
Martha Stewart Living Omnimedia, Inc. Class A (a)	2,300		41,630
McGraw-Hill Companies, Inc.	16,300		961,048
Media General, Inc. Class A	1,400		70,280
Mediacom Communications Corp. Class A	3,350		62,603
Meredith Corp.	3,100		111,414
Metro-Goldwyn-Mayer, Inc. (a)	12,100		232,683
Netcentives, Inc. (a)	1,500		4,125
NTL, Inc. (a)	21,550		560,085
Nucentrix Broadband Networks, Inc. (a)	100		1,213
Omnicom Group, Inc.	13,500		1,224,315
Paxson Communications Corp. Class A (a)	2,900		31,117
Pegasus Communications Corp. (a)	3,200		89,400
Penton Media, Inc.	3,000		67,770
Pixar (a)	4,400		143,000
Platinum Entertainment, Inc. (a)	500		5
Playboy Enterprises, Inc. Class B (non-vtg.) (a)	500		6,450
PRIMEDIA, Inc. (a)	10,300		97,850
Pulitzer, Inc.	200		10,320
R.H. Donnelley Corp. (a)	1,300		35,620
Radio One, Inc. Class A (a)	2,200		33,000
Radio Unica Communications Corp. (a)	2,900		8,700
Reader's Digest Association, Inc. Class A (non-vtg.)	6,900		221,421
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Media - continued
Rentrak Corp. (a)	600		$ 2,288
Saga Communications, Inc. Class A (a)	300		5,445
Scholastic Corp. (a)	4,600		196,650
Sinclair Broadcast Group, Inc. Class A (a)	7,000		63,438
Sirius Satellite Radio, Inc. (a)	2,600		61,100
SITEL Corp. (a)	2,200		7,480
Sonic Solutions, Inc. (a)	3,700		5,550
Source Information Management Co. (a)	4,300		22,844
Source Media, Inc. (a)	2,500		2,188
Spanish Broadcasting System, Inc. Class A (a)	5,200		28,519
The McClatchy Co. Class A	2,700		112,455
The New York Times Co. Class A	14,200		627,640
TiVo, Inc. (a)	2,000		8,813
TMP Worldwide, Inc. (a)	7,500		392,344
Tribune Co.	22,868		928,441
True North Communications	3,500		134,750
United Television, Inc.	500		62,188
UnitedGlobalCom, Inc. Class A (a)	6,000		94,875
Univision Communications, Inc. Class A (a)	14,000		462,000
USA Networks, Inc. (a)	20,132		474,360
Valley Media, Inc. (a)	3,000		2,250
Value Line, Inc.	200		8,200
Viacom, Inc. Class B (non-vtg.) (a)	123,136		6,119,859
Walt Disney Co.	151,100		4,676,545
Washington Post Co. Class B	587		364,821
Westwood One, Inc. (a)	7,100		152,934
Wink Communications, Inc. (a)	3,800		22,563
World Wrestling Federation Entertainment, Inc. Class A (a)	5,500		75,900
Xm Satellite Radio Holdings, Inc. Class A (a)	3,000		30,750
Young Broadcasting, Inc. Class A (a)	3,500		119,875
YouthStream Media Networks, Inc. (a)	1,300		1,828
			51,728,276
Multiline Retail - 2.7%
99 Cents Only Stores (a)	2,174		83,808
Ames Department Stores, Inc. (a)	8,700		33,713
BJ's Wholesale Club, Inc. (a)	5,100		232,101
Bradlees, Inc. (a)	2,500		100
Consolidated Stores Corp. (a)	7,194		111,579
Costco Wholesale Corp. (a)	31,800		1,327,650
Dillards, Inc. Class A	6,500		122,200
Dollar General Corp.	22,401		416,659
Dollar Tree Stores, Inc. (a)	9,575		266,305
Elder Beerman Stores Corp. (a)	500		1,719
Factory 2-U Stores, Inc. (a)	1,500		57,188
Family Dollar Stores, Inc.	10,800		283,608
Federated Department Stores, Inc. (a)	14,100		681,735

	Shares		Value (Note 1)
Freds, Inc. Class A	600		$ 13,013
JCPenney Co., Inc.	17,069		276,176
Kmart Corp. (a)	30,900		288,915
Kohls Corp. (a)	23,300		1,535,703
Neiman Marcus Group, Inc. Class A (a)	1,700		61,880
Nordstrom, Inc.	6,200		114,390
Pricesmart, Inc. (a)	200		6,497
Ross Stores, Inc.	9,200		193,200
Saks, Inc. (a)	8,731		104,772
Sears, Roebuck & Co.	27,400		1,124,770
ShopKo Stores, Inc. (a)	2,700		26,190
Stein Mart, Inc. (a)	1,300		12,431
Target Corp.	68,900		2,687,100
The May Department Stores Co.	24,700		977,873
Tuesday Morning Corp. (a)	2,200		16,913
Value City Department Stores, Inc. (a)	500		4,275
Wal-Mart Stores, Inc.	321,200		16,088,908
			27,151,371
Specialty Retail - 2.0%
Aaron Rents, Inc. Class A	800		12,400
Abercrombie & Fitch Co. Class A (a)	5,174		146,735
American Eagle Outfitters, Inc. (a)	3,600		125,325
AnnTaylor Stores Corp. (a)	1,900		49,077
AutoNation, Inc.	25,100		208,330
AutoZone, Inc. (a)	9,000		227,340
Barnes & Noble, Inc. (a)	4,200		113,400
bebe Stores, Inc. (a)	2,100		59,456
Bed Bath & Beyond, Inc. (a)	20,800		512,200
Best Buy Co., Inc. (a)	14,300		585,728
Blue Rhino Corp. (a)	5,000		11,875
Books-A-Million, Inc. (a)	4,300		8,063
Borders Group, Inc. (a)	4,900		77,665
Brookstone Co., Inc. (a)	200		3,000
Cato Corp. Class A	800		14,550
CDW Computer Centers, Inc. (a)	7,200		239,400
Charming Shoppes, Inc. (a)	9,200		58,650
Chico's FAS, Inc. (a)	4,100		169,894
Christopher & Banks Corp. (a)	4,950		130,866
Circuit City Stores, Inc. - Circuit City Group	13,800		209,346
Claire's Stores, Inc.	3,500		60,970
Cole National Corp. Class A (a)	500		3,800
CompuCom Systems, Inc. (a)	200		488
Copart, Inc. (a)	2,500		47,344
Cost Plus, Inc. (a)	3,625		87,000
CSK Auto Corp. (a)	1,300		7,839
Discount Auto Parts, Inc. (a)	500		3,625
Dress Barn, Inc. (a)	1,000		23,375
E Com Ventures, Inc. (a)	1,300		1,056
Electronics Boutique Holding Corp. (a)	1,300		27,300
Emerging Vision, Inc. (a)	3,800		1,306
Fidelity Holdings, Inc. (a)	4,250		2,258
Finish Line, Inc. Class A (a)	1,500		10,406
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Footstar, Inc. (a)	900		$ 39,627
Gadzooks, Inc. (a)	3,600		75,375
Gap, Inc.	64,625		1,760,385
Genesco, Inc. (a)	1,200		29,400
Good Guys, Inc. (a)	4,500		23,625
Goody's Family Clothing, Inc. (a)	1,100		6,600
Group 1 Automotive, Inc. (a)	500		6,200
Guitar Center, Inc. (a)	2,300		36,081
Gymboree Corp. (a)	2,500		29,375
Handleman Co. (a)	1,200		10,932
Haverty Furniture Companies, Inc.	1,000		13,800
Heilig-Meyers Co.	1,400		97
Hibbett Sporting Goods, Inc. (a)	2,200		58,438
Hollywood Entertainment Corp. (a)	5,800		11,963
Home Depot, Inc.	165,800		7,046,500
Hot Topic, Inc. (a)	5,100		133,875
Hughes Supply, Inc.	2,900		50,895
InterTAN, Inc. (a)	1,600		20,000
Intimate Brands, Inc. Class A	31,920		504,336
Jo-Ann Stores, Inc. Class A (a)	500		2,625
Just for Feet, Inc. (a)	6,200		37
Krispy Kreme Doughnuts, Inc.	1,900		136,444
Lawson Products, Inc.	200		4,838
Linens 'N Things, Inc. (a)	2,600		88,010
Lowe's Companies, Inc.	26,532		1,482,608
Michaels Stores, Inc. (a)	2,200		72,050
MicroAge, Inc. (a)	10,800		486
Monro Muffler Brake, Inc. (a)	1,100		10,725
Multiple Zones, Inc. (a)	4,000		9,812
Neff Corp. Class A (a)	2,100		2,310
O'Reilly Automotive, Inc. (a)	4,900		92,794
Office Depot, Inc. (a)	21,000		193,200
Officemax, Inc. (a)	6,900		21,114
Pacific Sunwear of California, Inc. (a)	2,200		72,738
Party City Corp. (a)	450		1,652
Paul Harris Stores, Inc. (a)	100		33
Payless ShoeSource, Inc. (a)	3,561		271,989
PC Connection, Inc. (a)	2,250		27,703
Pep Boys-Manny, Moe & Jack	2,800		15,512
PETsMART, Inc. (a)	14,500		50,750
Pier 1 Imports, Inc.	7,450		96,850
Pomeroy Computer Resources, Inc. (a)	200		3,038
RadioShack Corp.	12,840		549,552
Rainbow Rentals, Inc. (a)	800		4,650
Regis Corp.	3,200		47,600
Rent-A-Center, Inc. (a)	5,200		229,450
Rent-Way, Inc. (a)	1,770		10,089
Restoration Hardware, Inc. (a)	1,000		1,563
Rex Stores Corp. (a)	1,500		27,525
Sharper Image Corp. (a)	1,100		9,419
Sherwin-Williams Co.	11,200		281,120

	Shares		Value (Note 1)
Software Spectrum, Inc. (a)	3,600		$ 45,000
Sonic Automotive, Inc. Class A (a)	3,200		27,040
Stage Stores, Inc. (a)	700		39
Staples, Inc. (a)	31,575		469,678
Sunglass Hut International, Inc. (a)	14,100		159,506
Talbots, Inc.	3,300		167,706
The Childrens Place Retail Stores, Inc. (a)	4,600		100,625
The Limited, Inc.	27,052		477,468
The Men's Wearhouse, Inc. (a)	3,300		86,790
The Sports Authority, Inc. (a)	1,300		3,575
Tiffany & Co., Inc.	9,900		307,989
TJX Companies, Inc.	17,800		544,324
Too, Inc. (a)	825		15,964
Toys 'R' Us, Inc. (a)	17,400		428,040
Tractor Supply Co. (a)	300		4,331
Transportation World Entertainment Corp. (a)	2,900		23,291
Tweeter Home Entertainment Group, Inc. (a)	2,600		54,763
Ugly Duckling Corp. (a)	100		363
Ultimate Electronics, Inc. (a)	3,400		86,700
United Auto Group, Inc. (a)	800		8,032
United Rentals, Inc. (a)	5,200		88,972
Venator Group, Inc. (a)	5,500		60,555
West Marine, Inc. (a)	600		3,375
Wet Seal, Inc. Class A (a)	2,400		76,200
Whitehall Jewellers, Inc. (a)	600		5,034
Williams-Sonoma, Inc. (a)	3,700		100,825
Zale Corp. (a)	2,400		75,504
			20,337,546
Textiles & Apparel - 0.3%
Ashworth, Inc. (a)	400		3,631
Brown Shoe Co., Inc.	500		8,675
Burlington Industries, Inc. (a)	500		1,125
Coach, Inc.	4,500		135,630
Columbia Sportswear Co. (a)	1,400		77,525
Donna Karan International, Inc. (a)	700		6,405
Everlast Worldwide, Inc. (a)	1,000		2,750
Finlay Enterprises, Inc. (a)	300		3,900
Fossil, Inc. (a)	1,400		24,500
Friedmans, Inc. Class A	600		4,481
Guess, Inc. (a)	2,000		15,400
Jones Apparel Group, Inc. (a)	8,551		328,358
K-Swiss, Inc. Class A	3,300		102,300
Kellwood Co.	1,200		26,580
Kenneth Cole Productions, Inc. Class A (a)	700		19,775
Liz Claiborne, Inc.	5,700		277,590
Movado Group, Inc.	400		6,025
Nautica Enterprises, Inc. (a)	2,900		53,288
NIKE, Inc. Class B	19,200		749,760
Oshkosh B'Gosh, Inc. Class A	3,000		62,438
Phillips-Van Heusen Corp.	400		5,960
Polo Ralph Lauren Corp. Class A (a)	3,900		114,270
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Textiles & Apparel - continued
Polymer Group, Inc.	400		$ 2,660
Quiksilver, Inc. (a)	600		16,140
Reebok International Ltd. (a)	7,000		179,200
Russell Corp.	1,600		30,400
Samsonite Corp. (a)	1,446		4,338
Saucony, Inc. Class B (a)	2,100		14,634
Skechers U.S.A., Inc. Class A (a)	1,200		32,352
Steven Madden Ltd. (a)	4,700		64,038
Stride Rite Corp.	1,400		10,542
Superior Uniform Group, Inc.	1,000		8,380
Tarrant Apparel Group (a)	2,700		10,800
Timberland Co. Class A (a)	2,400		134,352
Unifi, Inc.	2,700		18,630
Uniroyal Technology Corp. (a)	1,900		12,588
Vans, Inc. (a)	3,500		73,500
VF Corp.	7,300		263,457
Vulcan International Corp.	100		4,100
Warnaco Group, Inc. Class A	9,400		45,120
Wellman, Inc.	1,300		22,828
Wolverine World Wide, Inc.	1,700		25,007
			3,003,432
TOTAL CONSUMER DISCRETIONARY			133,535,658
CONSUMER STAPLES - 6.9%
Beverages - 1.9%
Adolph Coors Co. Class B	3,300		220,935
Anheuser-Busch Companies, Inc.	64,300		2,809,910
Boston Beer Co., Inc. Class A (a)	600		5,880
Brown-Forman Corp. Class B (non-vtg.)	4,600		292,100
Chalone Wine Group, Inc. (a)	200		1,600
Coca-Cola Bottling Co. Consolidated	500		19,500
Coca-Cola Enterprises, Inc.	28,700		651,490
Constellation Brands, Inc. Class A (a)	2,000		127,700
National Beverage Corp. (a)	600		5,370
Pepsi Bottling Group, Inc.	10,100		407,535
PepsiAmericas, Inc.	9,100		147,056
PepsiCo, Inc.	107,800		4,967,424
Ravenswood Winery, Inc. (a)	100		1,500
Robert Mondavi Corp. Class A (a)	500		24,313
The Coca-Cola Co.	177,000		9,386,310
			19,068,623
Food & Drug Retailing - 1.2%
7-Eleven, Inc. (a)	12,900		132,999
Albertson's, Inc.	27,059		786,064
Casey's General Stores, Inc.	9,700		119,431
CVS Corp.	27,086		1,652,246
Delhaize America, Inc.	8,531		184,270
Duane Reade, Inc. (a)	3,900		133,770
Fleming Companies, Inc.	4,700		116,090
Great Atlantic & Pacific Tea, Inc.	1,200		11,460

	Shares		Value (Note 1)
Kroger Co. (a)	58,580		$ 1,419,979
Longs Drug Stores Corp.	2,500		69,750
Nash-Finch Co.	200		3,200
NuCo2, Inc. (a)	700		7,263
Performance Food Group Co. (a)	3,300		174,900
Rite Aid Corp. (a)	13,900		72,558
Safeway, Inc. (a)	35,300		1,917,143
SUPERVALU, Inc.	8,844		124,081
Sysco Corp.	45,800		1,248,508
The Pantry, Inc. (a)	900		8,100
United Natural Foods, Inc. (a)	4,600		58,650
Walgreen Co.	71,100		3,151,152
Weis Markets, Inc.	6,700		240,329
Whole Foods Market, Inc. (a)	4,100		176,813
Wild Oats Markets, Inc. (a)	6,075		42,810
Winn-Dixie Stores, Inc.	8,600		219,644
			12,071,210
Food Products - 1.2%
AgriBioTech, Inc. (a)	1,000		8
Agribrands International, Inc. (a)	540		29,036
Alico, Inc.	200		3,263
American Italian Pasta Co. Class A (a)	1,000		33,860
Archer-Daniels-Midland Co.	43,039		647,737
Bridgford Foods Corp.	400		5,125
Campbell Soup Co.	28,900		864,977
Central Garden & Pet Co. Class A (a)	5,500		42,625
Chiquita Brands International, Inc. (a)	800		1,000
ConAgra Foods, Inc.	38,631		760,258
Corn Products International, Inc.	2,600		66,040
Dean Foods Co.	2,600		85,696
Del Monte Foods Co. (a)	2,900		24,795
Delta & Pine Land Co.	2,500		61,625
Dole Food Co., Inc.	3,500		57,750
Dreyer's Grand Ice Cream, Inc.	1,700		51,106
Earthgrains Co.	3,100		59,520
Eden Bioscience Corp.	5,600		102,200
Farmer Brothers Co.	100		22,400
Flowers Industries, Inc.	7,100		124,960
Fresh Del Monte Produce Inc.	2,900		22,475
Gardenburger, Inc. (a)	400		325
General Mills, Inc.	20,300		910,455
Genesee Corp. Class B	100		2,800
H.J. Heinz Co.	28,500		1,213,530
Hain Celestial Group, Inc. (a)	5,168		160,208
Hershey Foods Corp.	9,500		608,855
Hines Horticulture, Inc. (a)	800		3,150
Horizon Organic Holding Corp. (a)	200		1,000
Hormel Foods Corp.	9,500		204,250
IBP, Inc.	6,900		183,195
International Multifoods Corp.	1,000		18,790
Interstate Bakeries Corp.	5,000		81,800
J&J Snack Food Corp. (a)	300		4,838
J.M. Smucker Co.	1,700		44,030
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER STAPLES - continued
Food Products - continued
Keebler Foods Co.	5,700		$ 239,172
Kellogg Co.	27,700		736,543
Lance, Inc.	1,500		17,719
M&F Worldwide Corp. (a)	500		2,175
McCormick & Co., Inc. (non-vtg.)	4,500		176,850
Michael Foods, Inc.	1,200		35,325
Northland Cranberries, Inc. Class A	200		238
Pilgrims Pride Corp. Class B	1,200		12,264
Quaker Oats Co.	11,600		1,131,232
Ralcorp Holdings, Inc. (a)	1,680		30,072
Ralston Purina Co.	25,800		804,444
Rica Foods, Inc. (a)	500		1,625
Riviana Foods, Inc.	700		13,213
Sanderson Farms, Inc.	200		1,988
Sara Lee Corp.	66,300		1,438,047
Seaboard Corp.	100		16,200
Sensient Technologies Corp.	3,900		84,435
Smithfield Foods, Inc. (a)	3,700		108,817
Suiza Foods Corp. (a)	3,500		171,395
Tasty Baking Co.	200		3,170
Tejon Ranch Co. (a)	700		15,050
Tootsie Roll Industries, Inc.	2,200		108,900
Tyson Foods, Inc. Class A	15,000		189,150
Vlasic Foods International, Inc. (a)	1,550		146
Wm. Wrigley Jr. Co.	8,300		772,896
Zapata Corp. (a)	110		2,063
			12,616,811
Household Products - 1.3%
Church & Dwight Co., Inc.	2,500		54,650
Clorox Co.	16,058		577,446
Colgate-Palmolive Co.	40,500		2,391,525
Dial Corp.	6,200		87,234
Kimberly-Clark Corp.	40,738		2,912,767
Mace Security International, Inc. (a)	2,200		2,338
Oil-Dri Corp. of America	600		4,800
Procter & Gamble Co.	95,800		6,753,900
USA Detergents, Inc. (a)	5,400		29,363
			12,814,023
Personal Products - 0.4%
Alberto-Culver Co. Class B	3,700		148,222
Avon Products, Inc.	16,300		692,098
BriteSmile, Inc. (a)	2,800		13,956
Carter-Wallace, Inc.	3,000		80,700
Chattem, Inc. (a)	400		3,200
Del Laboratories, Inc.	210		2,048
Elizabeth Arden, Inc. (a)	400		5,575
Enamelon, Inc. (a)	200		8
Estee Lauder Companies, Inc. Class A	8,500		328,440
First Years, Inc.	800		7,200
Gillette Co.	75,800		2,464,258

	Shares		Value (Note 1)
Guest Supply, Inc. (a)	200		$ 5,170
Inter Parfums, Inc. (a)	300		2,738
Nature's Sunshine Products, Inc.	700		5,338
NBTY, Inc. (a)	20,800		144,950
Perrigo Co. (a)	3,000		30,375
Playtex Products, Inc. (a)	3,800		36,860
Revlon, Inc. Class A (a)	7,600		39,292
Tristar Corp. (a)	500		2,375
Water Pik Technologies, Inc. (a)	2,141		17,128
			4,029,931
Tobacco - 0.9%
DIMON, Inc.	1,100		9,636
Philip Morris Companies, Inc.	159,800		7,699,164
RJ Reynolds Tobacco Holdings, Inc.	9,300		525,450
Schweitzer-Mauduit International, Inc.	500		10,600
Universal Corp.	3,200		120,832
UST, Inc.	11,500		331,660
			8,697,342
TOTAL CONSUMER STAPLES			69,297,940
ENERGY - 5.3%
Energy Equipment & Services - 1.3%
Atwood Oceanics, Inc. (a)	400		17,428
Baker Hughes, Inc.	27,050		1,060,360
BJ Services Co. (a)	6,200		471,200
Buckeye Partners LP	1,700		57,630
Cal Dive International, Inc. (a)	9,200		251,275
Carbo Ceramics, Inc.	700		27,300
Chiles Offshore, Inc.	6,783		142,443
Cooper Cameron Corp. (a)	3,900		233,142
Diamond Offshore Drilling, Inc.	9,300		389,670
Dril-Quip, Inc. (a)	1,000		27,950
ENSCO International, Inc.	7,400		282,014
Friede Goldman Halter, Inc. (a)	1,056		2,862
Global Industries Ltd. (a)	11,500		156,688
Global Marine, Inc. (a)	12,100		347,391
Grant Prideco, Inc. (a)	6,800		124,236
Gulf Island Fabrication, Inc. (a)	300		5,325
Halliburton Co.	30,900		1,230,438
Hanover Compressor Co. (a)	4,100		153,750
Helmerich & Payne, Inc.	7,400		383,986
Horizon Offshore, Inc. (a)	700		14,700
Industrial Holdings, Inc. (a)	100		175
Input/Output, Inc. (a)	3,500		36,855
Key Energy Services, Inc. (a)	9,800		113,680
Lone Star Technologies, Inc. (a)	3,400		151,266
Marine Drilling Companies, Inc. (a)	1,500		43,725
Maverick Tube Corp. (a)	2,600		52,780
Metretek Technologies, Inc. (a)	2,900		4,713
Mitcham Industries, Inc. (a)	1,500		7,688
Nabors Industries, Inc. (a)	8,330		472,311
National-Oilwell, Inc.	3,307		119,713
Common Stocks - continued
	Shares		Value (Note 1)
ENERGY - continued
Energy Equipment & Services - continued
Newpark Resources, Inc. (a)	2,100		$ 16,695
Noble Drilling Corp.	9,100		423,605
Oceaneering International, Inc. (a)	600		12,360
Offshore Logistics, Inc. (a)	5,800		142,100
Parker Drilling Co. (a)	2,900		17,835
Patterson Energy, Inc. (a)	6,600		232,650
Plains All American Pipeline LP	1,300		28,600
Pride International, Inc. (a)	9,000		223,200
Rowan Companies, Inc. (a)	3,700		105,635
Santa Fe International Corp.	14,300		535,535
Schlumberger Ltd. (NY Shares)	39,572		2,522,715
SEACOR SMIT, Inc. (a)	1,350		64,598
Smith International, Inc. (a)	2,500		189,000
Superior Energy Services, Inc. (a)	1,200		12,900
TETRA Technologies, Inc. (a)	1,100		22,770
Tidewater, Inc.	5,800		282,460
Transocean Sedco Forex, Inc.	23,697		1,140,537
Trico Marine Services, Inc. (a)	1,000		14,688
UNIFAB International, Inc. (a)	100		800
Unit Corp. (a)	1,500		27,375
Universal Compression Holdings, Inc.	1,100		38,500
Varco International, Inc. (a)	11,246		252,248
Veritas DGC, Inc. (a)	1,600		48,240
W-H Energy Services, Inc.	2,800		56,000
Weatherford International, Inc.	6,280		326,748
			13,120,488
Oil & Gas - 4.0%
Amerada Hess Corp.	6,900		496,800
American International Petroleum Corp. (a)	100		40
Anadarko Petroleum Corp.	16,768		1,048,000
Apache Corp.	10,900		639,830
Ashland, Inc.	7,700		298,837
Barrett Resources Corp. (a)	1,900		84,075
Belco Oil & Gas Corp. (a)	1,100		11,110
Bellwether Exploration Co. (a)	5,500		45,375
Benton Oil & Gas Co. (a)	1,200		2,148
Berry Petroleum Co. Class A	700		9,065
BP Prudhoe Bay Royalty Trust	4,800		69,168
Burlington Resources, Inc.	18,600		835,884
Cabot Oil & Gas Corp. Class A	1,300		35,230
Chesapeake Energy Corp. (a)	8,238		75,131
Chevron Corp.	48,100		4,120,246
Comstock Resources, Inc. (a)	1,100		11,000
Conoco, Inc. Class B	50,289		1,448,323
Contour Energy Co. (a)	660		1,320
Cross Timbers Oil Co.	4,150		102,381
Crown Central Petroleum Corp. Class B (a)	200		2,080
Denbury Resources, Inc. (a)	1,500		15,136

	Shares		Value (Note 1)
Devon Energy Corp.	8,949		$ 510,093
EEX Corp. (a)	1,433		5,847
Enterprise Products Partners LP	3,000		101,730
EOG Resources, Inc.	10,800		470,880
Equitable Resources, Inc.	2,100		120,540
Evergreen Resources, Inc. (a)	1,900		59,945
Exxon Mobil Corp.	253,956		20,583,134
Forest Oil Corp.	2,280		73,644
Frontier Oil Corp. (a)	1,200		10,320
Harken Energy Corp. (a)	470		2,703
Holly Corp.	200		4,170
Houston Exploration Co. (a)	1,500		45,150
HS Resources, Inc. (a)	800		30,920
Hugoton Royalty Trust	2,400		36,216
Kerr-McGee Corp.	6,370		411,757
Key Production Co., Inc. (a)	300		6,330
Louis Dreyfus Natural Gas Corp. (a)	3,100		112,096
Meridian Resource Corp. (a)	1,400		10,850
Mitchell Energy & Development Corp. Class A	3,100		165,075
Murphy Oil Corp.	4,500		283,365
National Energy Group, Inc. (a)	71		120
Newfield Exploration Co. (a)	2,600		91,052
Noble Affiliates, Inc.	3,500		155,225
Nuevo Energy Co. (a)	700		11,830
Occidental Petroleum Corp.	25,100		602,149
Ocean Energy, Inc.	10,728		193,104
Patina Oil & Gas Corp.	400		8,880
Penn Virginia Corp.	100		3,201
Pennzoil-Quaker State Co.	4,992		69,588
Phillips Petroleum Co.	20,600		1,098,186
Pioneer Natural Resources Co. (a)	5,900		99,415
Plains Resources, Inc. (a)	900		18,909
Pogo Producing Co.	2,300		60,651
Prima Energy Corp. (a)	450		13,275
Prize Energy Corp. (a)	200		4,090
Pure Resources, Inc. (a)	2,800		58,520
Range Resources Corp. (a)	1,200		7,200
Remington Oil & Gas Corp. (a)	100		1,338
Seven Seas Petroleum, Inc. (a)	1,700		4,369
Spinnaker Exploration Co. (a)	1,300		49,400
St. Mary Land & Exploration Co.	1,000		22,313
Stone Energy Corp. (a)	2,790		150,660
Sunoco, Inc.	5,900		196,116
Swift Energy Co. (a)	2,800		90,160
Syntroleum Corp. (a)	1,600		19,600
TEPPCO Partners LP	1,800		45,666
Tesoro Petroleum Corp. (a)	3,500		44,240
Texaco, Inc.	39,100		2,506,310
Tom Brown, Inc. (a)	1,900		63,531
Tosco Corp.	10,100		404,505
Ultramar Diamond Shamrock Corp.	5,700		207,480
Unocal Corp.	16,500		581,790
USX - Marathon Group	21,300		588,306
Common Stocks - continued
	Shares		Value (Note 1)
ENERGY - continued
Oil & Gas - continued
Valero Energy Corp.	3,600		$ 131,940
Vintage Petroleum, Inc.	3,700		72,113
Western Gas Resources, Inc.	2,000		50,800
Westport Resources Corp. (a)	1,800		37,530
Williams Clayton Energy, Inc. (a)	2,400		46,800
			40,206,306
TOTAL ENERGY			53,326,794
FINANCIALS - 18.1%
Banks - 6.0%
1st Source Corp.	420		8,269
Abigail Adams National Bancorp, Inc.	200		2,100
Allegiant Bancorp, Inc.	100		1,038
Ambanc Holding Co., Inc.	300		5,400
Amcore Financial, Inc.	3,800		75,763
American Pacific Bank of Oregon Class B (a)	880		2,668
AmSouth Bancorp.	26,119		454,993
Anchor Bancorp Wisconsin, Inc.	800		12,088
Area Bankshares Corp.	600		9,600
Associated Banc-Corp.	4,097		142,627
Astoria Financial Corp.	6,075		332,227
BancFirst Corp.	100		3,825
BancorpSouth, Inc.	3,800		51,870
BancWest Corp.	4,032		104,671
Bank of America Corp.	121,172		6,052,541
Bank of Granite Corp.	100		2,050
Bank of New York Co., Inc.	56,300		2,915,214
Bank One Corp.	82,167		2,898,030
Bank Plus Corp. (a)	1,100		5,088
Banknorth Group, Inc.	17,759		358,510
BankUnited Financial Corp. Class A (a)	500		4,938
Bay View Capital Corp.	4,612		29,056
BB&T Corp.	33,756		1,219,604
Bedford Bancshares, Inc.	300		2,850
Big Foot Financial Corp.	700		9,975
BOK Financial Corp. (a)	2,600		60,125
Borel Bank & Trust Co., San Mateo	300		8,625
Brookline Bancorp, Inc.	600		8,400
BSB Bancorp, Inc.	100		1,806
Capital Corp. of the West (a)	900		11,700
Capital Crossing Bank (a)	1,000		13,500
Capitol Federal Financial	4,800		76,500
Cathay Bancorp, Inc.	300		17,456
Centura Banks, Inc.	2,300		115,943
Century South Banks, Inc.	100		3,325
CFS Bancorp, Inc.	800		8,800
Charter One Financial, Inc.	18,685		533,644
Chase Corp.	500		5,325
Chemical Financial Corp.	300		7,594

	Shares		Value (Note 1)
Chittenden Corp.	1,300		$ 40,625
Citizens Banking Corp.	2,500		62,813
Citizens First Financial Corp.	600		7,650
City National Corp.	3,905		141,478
Colonial Bancgroup, Inc.	6,100		78,690
Columbia Financial of Kentucky, Inc.	1,100		9,075
Comerica, Inc.	15,065		958,887
Commerce Bancorp, Inc.	1,900		113,050
Commerce Bancshares, Inc.	3,876		153,344
Commercial Federal Corp.	3,650		80,373
Community Capital Corp.	400		3,400
Community First Bankshares, Inc.	4,000		80,250
Compass Bancshares, Inc.	7,450		158,778
Corus Bankshares, Inc.	500		24,688
Cullen/Frost Bankers, Inc.	5,100		182,886
CVB Financial Corp.	770		11,935
Dime Bancorp, Inc.	7,600		227,240
Dime Bancorp, Inc. warrants 12/31/49 (a)	7,600		1,900
Downey Financial Corp.	1,500		64,575
East West Bancorp, Inc.	5,000		115,313
Eastern Virgina Bankshares, Inc.	800		11,750
F&M National Corp.	1,100		42,548
Fifth Third Bancorp	36,753		1,977,771
First BanCorp Puerto Rico	1,100		25,960
First Busey Corp.	100		1,800
First Charter Corp.	3,200		48,000
First Citizen Bancshares, Inc.	500		47,063
First Commonwealth Financial Corp.	2,300		23,069
First Financial Bancorp Ohio	2,400		36,600
First Financial Bankshares, Inc.	200		6,550
First Financial Corp., Rhode Island	700		9,800
First Indiana Corp.	100		2,317
First International Bancorp, Inc.	700		6,038
First Midwest Bancorp, Inc.	2,300		64,113
First Niagara Financial Group, Inc.	100		1,144
First Securityfed Financial, Inc.	800		12,500
First Sentinel Bancorp, Inc.	800		8,800
First Tennessee National Corp.	8,300		257,300
First Union Corp.	77,462		2,507,445
First Virginia Banks, Inc.	2,900		132,820
FirstFed Financial Corp. (a)	200		5,860
FirstMerit Corp.	5,300		138,131
FirstSpartan Financial Corp.	600		21,638
FleetBoston Financial Corp.	70,413		2,904,536
FNB Corp. Pennsylvania	800		18,600
Frontier Financial Corp.	300		6,769
Fulton Financial Corp.	4,253		92,503
GBC Bancorp	300		9,356
Gold Banc Corp., Inc.	5,188		37,289
Golden State Bancorp, Inc.	7,736		211,966
Golden West Financial Corp.	14,700		806,295
Greater Bay Bancorp	2,200		73,425
Greenpoint Financial Corp.	6,420		221,490
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Banks - continued
GS Financial Corp.	600		$ 8,775
Guaranty Federal Bancshares, Inc.	900		11,025
Gulf West Banks, Inc.	630		5,513
Hancock Holding Co.	300		11,513
Harbor Florida Bancshares, Inc.	500		7,625
Harleysville National Corp.	105		3,846
Harrington Financial Group, Inc.	1,300		10,156
Heritage Commerce Corp. (a)	600		5,550
Heritage Financial Corp.	1,300		13,163
Hibernia Corp. Class A	9,700		140,650
Home City Financial Corp.	800		8,600
HomeFed Corp. (a)	79		71
Hudson City Bancorp, Inc.	7,000		140,438
Hudson United Bancorp	4,291		96,247
Huntington Bancshares, Inc.	29,802		445,167
Independence Community Bank Corp.	3,500		58,406
Indymac Bancorp, Inc. (a)	9,700		256,177
Integra Bank Corp.	500		11,680
International Bancshares Corp.	1,675		59,986
Investors Financial Services Corp.	1,800		141,638
Irwin Financial Corp.	400		9,550
ITLA Capital Corp. (a)	900		17,452
KeyCorp	36,800		956,800
Lamar Capital Corp.	1,200		12,600
Life Financial Corp. (a)	200		138
M&T Bank Corp.	6,123		419,426
MAF Bancorp., Inc.	900		23,738
Marshall & Ilsley Corp.	6,800		366,860
Mellon Financial Corp.	37,500		1,736,625
Mercantile Bankshares Corp.	4,400		170,225
Mid-State Bancshares	400		6,844
MidAmerica Bancorp	103		2,467
Montgomery Financial Corp.	700		8,313
Mystic Financial, Inc.	600		8,588
Nara Bancorp, Inc.	400		7,100
National City Corp.	49,220		1,338,784
National Commmerce Bancorp	18,620		475,974
National Penn Bancshares, Inc.	525		12,042
NBT Bancorp, Inc.	400		6,650
Net.B@nk, Inc. (a)	3,300		28,411
New York Community Bancorp, Inc.	900		35,269
North Fork Bancorp, Inc.	11,278		281,950
Northern Trust Corp.	18,000		1,280,250
Northway Financial, Inc.	400		9,500
Northwest Bancorp, Inc.	1,200		10,875
Old Kent Financial Corp.	8,896		353,527
Old National Bancorp	3,675		85,903
Omega Financial Corp.	100		2,619
Oregon Trail Financial Corp.	800		11,350
Pacific Capital Bancorp	1,100		31,144
Pacific Century Financial Corp.	4,300		83,678

	Shares		Value (Note 1)
Park National Corp.	600		$ 52,440
People's Bank	3,600		95,625
Peoples Financial Corp.	1,300		8,125
PNC Financial Services Group, Inc.	24,200		1,681,900
Popular, Inc.	8,800		239,800
Promistar Financial Corp.	315		5,296
Provident Bankshares Corp.	871		20,795
Provident Financial Group, Inc.	2,800		83,475
Provident Financial Holdings, Inc. (a)	600		12,075
PS Financial, Inc.	700		8,313
R&G Financial Corp. Class B	1,400		23,603
Regions Financial Corp.	17,958		538,740
Republic Bancorp, Inc.	8,118		100,460
Republic Security Financial Corp.	1,800		14,119
Richmond County Financial Corp.	1,200		32,400
Riggs National Corp.	800		12,300
Roslyn Bancorp, Inc.	11,160		276,210
S&T Bancorp, Inc.	1,000		22,906
Santander Bancorp	1,800		34,200
Seacoast Financial Services Corp.	838		12,570
Silicon Valley Bancshares (a)	3,200		89,400
Sky Financial Group, Inc.	4,840		83,792
South Financial Group, Inc.	1,900		27,431
SouthTrust Corp.	17,600		744,700
Southwest Bancorp Texas, Inc. (a)	1,500		57,750
Sovereign Bancorp, Inc.	34,994		311,665
Staten Island Bancorp, Inc.	1,700		42,245
Sterling Bancshares, Inc.	800		14,350
Sterling Financial Corp. (a)	110		1,396
Summit Bancorp	11,700		491,400
Sun Bancorp, Inc.	3,995		34,707
SunTrust Banks, Inc.	22,828		1,500,484
Susquehanna Bancshares, Inc.	1,600		28,700
SVB Financial Services, Inc.	315		2,737
Synovus Finanical Corp.	19,000		528,580
TCF Financial Corp.	5,100		188,190
Texas Regional Bancshares, Inc. Class A	440		15,703
TIB Financial Corp.	900		10,069
Trust Co. of New Jersey	400		6,725
Trustco Bank Corp.	2,760		34,155
Trustmark Corp.	3,900		85,069
U.S. Bancorp	146,459		3,397,849
UAB Financial Corp.	1,100		41,319
UCBH Holdings, Inc.	1,900		106,519
Union Planters Corp.	8,887		338,239
UnionBanCal Corp.	10,400		276,848
United Bankshares, Inc.	2,100		47,775
United Community Financial Corp.	7,100		48,369
United National Bancorp	100		1,906
USABancShares, Inc. (a)	3,800		6,413
Valley National Bancorp	5,058		141,776
Virginia Commonwealth Financial Corp.	500		12,031
W Holding Co., Inc.	1,400		16,625
Wachovia Corp.	17,363		1,096,300
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Banks - continued
Washington Federal, Inc.	4,203		$ 109,278
Washington Mutual, Inc.	49,420		2,538,705
Webster Financial Corp.	8,568		243,653
Wells Fargo & Co.	126,010		6,255,136
WesBanco, Inc.	700		13,213
West Coast Bancorp	242		2,481
Westamerica Bancorp.	3,600		139,275
Westcorp, Inc.	700		11,893
Whitney Holding Corp.	1,100		42,281
Wilmington Trust Corp.	1,900		112,860
Zions Bancorp	8,668		497,868
			60,170,024
Diversified Financials - 6.6%
A.B. Watley Group, Inc. (a)	1,100		7,013
A.G. Edwards, Inc.	5,900		229,333
Aames Financial Corp. (a)	700		1,043
Acacia Research Corp. (a)	1,400		14,700
ACMAT Corp. Class A (a)	8,000		65,000
Advanta Corp. Class A	2,600		34,450
Affiliated Managers Group, Inc. (a)	1,700		87,550
Affinity Technology Group, Inc. (a)	10,600		880
Alliance Capital Management Holding LP	14,500		678,020
Allied Capital Corp.	6,400		152,800
Allstate Financial Corp. (a)	700		630
AMBAC Financial Group, Inc.	6,600		372,240
American Capital Strategies Ltd.	2,000		50,313
American Express Co.	94,600		4,151,048
AmeriCredit Corp. (a)	4,300		146,974
Ameritrade Holding Corp. Class A (a)	11,000		90,063
AMRESCO, Inc. (a)	2,480		3,100
Amwest Insurance Group, Inc. (a)	12,400		13,020
Bank United Litigation Contingent Payment Rights Trust rights 12/31/99 (a)	4,700		1,616
Bear Stearns Companies, Inc.	7,414		386,863
BlackRock, Inc. Class A (a)	800		31,520
Capital One Financial Corp.	15,000		828,750
Cash America International, Inc.	400		2,540
Charles Schwab Corp.	96,502		2,016,892
CIT Group, Inc. Class A	20,200		466,620
Citigroup, Inc.	361,420		17,774,636
Coast Federal Litigation Contingent Payment Trust rights 12/31/00 (a)	200		181
CompuCredit Corp. (a)	2,300		20,413
Consumer Portfolio Services, Inc. (a)	2,400		4,500
ContiFinancial Corp. (a)	1,800		14
Countrywide Credit Industries, Inc.	10,400		459,992
Credit Acceptance Corp. (a)	1,300		6,825
Doral Financial Corp.	1,500		42,844
E*Trade Group, Inc. (a)	19,995		180,155
E-Loan, Inc.	3,900		5,484

	Shares		Value (Note 1)
Eaton Vance Corp. (non-vtg.)	5,200		$ 159,068
Equitex, Inc. (a)	3,100		16,953
eSpeed, Inc. Class A (a)	2,500		62,969
Fannie Mae	74,400		5,929,680
Federated Investors, Inc. Class B (non-vtg.)	8,449		228,123
Finova Group, Inc.	3,400		6,460
First Albany Companies, Inc.	1,260		12,049
Franklin Resources, Inc.	16,900		705,406
Freddie Mac	52,400		3,450,540
Friedman, Billings, Ramsey Group, Inc. Class A (a)	2,500		15,375
Gabelli Asset Management, Inc. Class A (a)	600		18,018
Global Capital Partners, Inc. (a)	1,400		1,225
GlobalNet Financial.com, Inc. (a)	1,400		1,400
Goldman Sachs Group, Inc.	9,400		862,450
H.D. Vest, Inc. (a)	1,300		8,694
Hamilton Bancorp, Inc. (a)	3,000		28,688
Harris & Harris Group, Inc.	6,500		15,031
Heller Financial, Inc. Class A	3,164		106,975
Hoenig Group, Inc. (a)	1,200		12,750
Household International, Inc.	36,219		2,097,804
IMC Mortgage Co. (a)	400		4
Imperial Credit Industries (a)	1,200		1,200
J.P. Morgan Chase & Co.	135,300		6,313,098
JB Oxford Holdings, Inc. (a)	13,100		20,878
Jefferies Group, Inc.	1,900		56,810
John Nuveen Co. Class A	2,300		125,695
Knight Trading Group, Inc. (a)	8,800		143,000
LaBranche & Co., Inc. (a)	3,600		156,240
Legg Mason, Inc.	1,600		76,544
Lehman Brothers Holdings, Inc.	17,000		1,167,050
Liberty Financial Companies, Inc.	3,400		153,612
MBNA Corp.	65,900		2,166,792
Merrill Lynch & Co., Inc.	56,900		3,408,310
Metris Companies, Inc.	3,435		75,433
Meyerson & Co., Inc. (a)	1,900		7,363
MFN Financial Corp.:
warrants 3/23/02 (a)	10		0
warrants 3/23/03 (a)	10		1
warrants 3/23/04 (a)	10		0
Moody's Corp.	10,600		285,776
Morgan Keegan, Inc.	2,300		61,755
Morgan Stanley Dean Witter & Co.	79,800		5,197,374
Neuberger Berman, Inc.	3,500		261,450
New Century Financial Corp. (a)	3,100		31,000
NextCard, Inc. (a)	2,000		18,750
Ocwen Financial Corp. (a)	5,397		40,478
Olympic Cascade Financial Corp. (a)	1,200		3,900
Paulson Capital Corp. (a)	1,300		6,419
Point West Capital Corp. (a)	2,800		1,575
Providian Financial Corp.	19,500		975,195
Raymond James Financial, Inc.	3,450		114,195
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Diversified Financials - continued
Resource America, Inc. Class A	2,300		$ 25,156
Resource Bancshares Mortgage Group, Inc.	905		7,127
SEI Investments Co.	3,700		316,177
Siebert Financial Corp.	2,700		14,175
SierraCities.com, Inc. (a)	1,700		9,563
Southwest Securities Group, Inc.	2,188		45,729
State Street Corp.	11,100		1,114,995
Stifel Financial Corp.	1,000		13,150
Stilwell Financial, Inc.	15,800		504,020
Stockwalk Group, Inc. (a)	767		2,001
Student Loan Corp.	900		57,141
T. Rowe Price Group, Inc.	8,600		306,913
TD Waterhouse Group, Inc. (a)	3,300		41,811
TechSys, Inc. (a)	800		800
THCG, Inc. (a)	1,400		481
TradeStation Group, Inc. (a)	1,200		2,700
Tucker Anthony Sutro Corp.	1,900		44,745
USA Education, Inc.	13,450		975,529
Waddell & Reed Financial, Inc. Class A	5,968		183,337
Waterside Capital Corp.	1,100		4,469
WFS Financial, Inc. (a)	300		5,794
Winfield Capital Corp. (a)	1,500		4,313
Wit Soundview Group, Inc. (a)	5,500		16,328
Ziegler Companies, Inc.	500		8,005
			66,642,036
Insurance - 4.5%
21st Century Holding Co.	1,300		3,250
21st Century Insurance Group	9,200		173,236
Acceptance Insurance Co., Inc. (a)	13,100		58,295
AFLAC, Inc.	21,000		1,263,360
Alfa Corp.	2,700		52,819
Allcity Insurance Co. (a)	9,500		59,375
Alleghany Corp.	510		103,326
Allmerica Financial Corp.	3,000		159,450
Allstate Corp.	51,049		2,034,813
American Financial Group, Inc.	4,000		96,000
American General Corp.	20,929		1,595,627
American International Group, Inc.	166,518		13,621,172
American National Insurance Co.	1,900		138,730
Amerus Group Co.	1,767		51,685
Aon Corp.	16,950		580,877
Arch Capital Group Ltd. (a)	5,100		81,600
Argonaut Group, Inc.	1,800		31,247
Arthur J. Gallagher & Co.	4,400		112,332
Atlantic American Corp. (a)	100		198
Baldwin & Lyons, Inc. Class B	2,000		43,500
Berkshire Hathaway, Inc. Class A (a)	107		7,522,100
Brown & Brown, Inc.	1,200		46,800
Capitol Transamerica Corp.	2,500		31,406

	Shares		Value (Note 1)
Ceres Group, Inc. (a)	1,100		$ 7,150
Cincinnati Financial Corp.	11,300		415,981
Citizens Financial Corp. (a)	200		2,200
Citizens, Inc. Class A	1,926		11,941
CNA Financial Corp. (a)	12,700		480,187
CNA Surety Corp.	3,000		39,930
Commerce Group, Inc.	2,500		74,500
Conseco, Inc.	22,540		316,011
Cotton State Life & Health Insurance Co.	500		5,219
Crawford & Co. Class B	1,300		15,470
Danielson Holding Corp. (a)	1,300		5,525
Delphi Financial Group, Inc. Class A (a)	1,460		50,136
Donegal Group, Inc.	500		5,500
E.W. Blanch Holdings, Inc.	800		6,656
EMC Insurance Group	3,000		31,125
Enhance Financial Services Group, Inc.	2,700		36,315
Erie Indemnity Co. Class A	3,500		97,125
Farm Family Holdings, Inc. (a)	600		26,244
FBL Financial Group, Inc. Class A	1,870		27,957
Fidelity National Financial, Inc.	4,451		137,803
Financial Industries Corp.	500		4,563
First American Corp.	4,000		121,600
FPIC Insurance Group, Inc. (a)	6,100		58,713
Fremont General Corp.	4,200		15,120
Frontier Insurance Group, Inc. (a)	13,130		1,444
Gainsco, Inc.	1,500		2,955
Great American Financial Resources, Inc.	3,000		56,910
Harleysville Group, Inc.	2,000		49,750
Hartford Financial Services Group, Inc.	15,600		996,060
HCC Insurance Holdings, Inc.	3,000		70,560
Highlands Insurance Group, Inc. (a)	8,300		67,977
Hilb, Rogal & Hamilton Co.	300		11,475
Horace Mann Educators Corp.	3,000		49,860
Independence Holding Co.	660		8,580
Intercontinental Life Corp. (a)	700		7,263
Investors Title Co.	4,800		72,000
Jefferson-Pilot Corp.	6,700		452,317
John Hancock Financial Services, Inc.	21,900		753,360
Kansas City Life Insurance Co.	900		35,550
LandAmerica Financial Group, Inc.	800		28,720
Leucadia National Corp.	3,000		102,330
Lincoln National Corp.	13,200		579,084
Loews Corp.	6,800		738,956
Markel Corp. (a)	500		89,875
Marsh & McLennan Companies, Inc.	20,850		2,230,950
MBIA, Inc.	6,893		523,730
Meadowbrook Insurance Group, Inc.	600		2,700
Medical Assurance, Inc.	4,615		71,071
MEEMIC Holdings, Inc. (a)	3,500		84,875
Mercury General Corp.	2,400		82,080
Meridian Insurance Group, Inc.	600		17,625
MetLife, Inc.	54,400		1,678,240
MGIC Investment Corp.	7,500		434,625
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Insurance - continued
MIIX Group, Inc.	1,100		$ 8,195
Motor Club of America (a)	8,000		66,000
National Security Group, Inc.	1,300		18,200
National Western Life Insurance Co. Class A (a)	200		21,350
Nationwide Financial Services, Inc. Class A	1,700		70,380
Navigators Group, Inc. (a)	2,000		27,750
Nymagic, Inc.	2,000		36,800
Ohio Casualty Corp.	4,200		37,669
Old Republic International Corp.	7,850		221,763
Penn Treaty American Corp. (a)	600		11,208
Penn-America Group, Inc.	10,000		93,000
Philadelphia Consolidated Holding Corp. (a)	800		24,600
PICO Holdings, Inc. (a)	6,200		80,213
PMA Capital Corp. Class A	5,400		92,138
PMI Group, Inc.	3,050		170,831
Presidential Life Corp.	2,200		34,100
Professionals Group, Inc. (a)	3,600		86,625
Progressive Corp.	5,100		504,900
Protective Life Corp.	4,486		135,029
Radian Group, Inc.	2,666		164,892
Reinsurance Group of America, Inc.	3,500		135,275
Reliance Group Holdings, Inc. (a)	7,000		420
RLI Corp.	1,000		42,000
RTW, Inc. (a)	2,900		8,156
SAFECO Corp.	7,600		165,300
SCPIE Holding, Inc.	3,800		99,674
Selective Insurance Group, Inc.	2,000		43,500
StanCorp Financial Group, Inc.	2,200		86,020
State Auto Financial Corp.	2,700		42,356
Stewart Information Services Corp.	2,000		36,600
The Chubb Corp.	12,164		872,767
The Midland Co.	3,000		99,750
The MONY Group, Inc.	4,082		151,034
The St. Paul Companies, Inc.	14,906		689,999
Torchmark Corp.	8,900		309,542
Transatlantic Holdings, Inc.	2,400		239,232
Trenwick Group Ltd.	2,300		50,508
Triad Guaranty, Inc. (a)	900		26,100
UICI (a)	1,400		11,480
Unico American Corp.	9,300		55,800
United Fire & Casualty Co.	1,000		20,938
United Trust Group, Inc. (a)	300		1,538
Unitrin, Inc.	4,000		154,000
UnumProvident Corp.	16,593		434,239
Vesta Insurance Group Corp.	14,400		98,640
W.R. Berkley Corp.	2,000		85,375
Wesco Financial Corp.	500		149,950

	Shares		Value (Note 1)
White Mountains Insurance Group Ltd.	400		$ 124,800
Zenith National Insurance Corp.	1,200		32,760
			45,328,487
Real Estate - 1.0%
Alexander's, Inc. (a)	100		6,601
Alexandria Real Estate Equities, Inc.	600		22,782
AMB Property Corp.	5,100		126,021
American Industrial Properties	200		2,488
American Real Estate Partners LP (a)	2,300		22,655
AMLI Residential Properties Trust (SBI)	500		10,900
Apartment Investment & Management Co. Class A	4,531		199,364
Archstone Communities Trust	8,900		218,139
Arden Realty Group, Inc.	3,700		88,245
AvalonBay Communities, Inc.	5,900		280,191
Avatar Holdings, Inc. (a)	300		6,600
Bedford Property Investors, Inc.	400		7,948
Bluegreen Corp. (a)	900		2,025
Boston Properties, Inc.	7,400		298,516
Boykin Lodging Co.	500		5,550
Brandywine Realty Trust	1,700		32,300
BRE Properties, Inc. Class A	2,600		76,128
Cabot Industrial Trust	2,000		40,100
Cadiz, Inc. (a)	1,900		19,000
California Coastal Communities, Inc.	6,300		20,869
Camden Property Trust (SBI)	2,075		66,442
Capital Automotive	300		4,256
CarrAmerica Realty Corp.	4,000		119,600
Catellus Development Corp. (a)	6,800		122,536
CB Richard Ellis Services, Inc. (a)	800		12,392
CBL & Associates Properties, Inc.	1,000		26,700
CenterPoint Properties Trust	1,100		50,655
Charles E. Smith Residential Realty, Inc.	1,100		47,685
Chateau Communities, Inc.	1,400		43,316
Chelsea Property Group, Inc.	600		24,798
Colonial Properties Trust (SBI)	900		24,129
Commercial Net Lease Realty, Inc.	400		4,500
Consolidated-Tomoka Land Co.	3,800		56,810
Cornerstone Realty Income Trust, Inc.	900		9,873
Cousins Properties, Inc.	2,850		73,758
Crescent Real Estate Equities Co.	10,300		218,772
Developers Diversified Realty Corp.	3,200		43,680
Duke-Weeks Realty Corp.	10,200		233,580
Eastgroup Properties, Inc.	300		6,630
Equity Inns, Inc.	1,400		10,682
Equity Office Properties Trust	30,750		886,215
Equity Residential Properties Trust (SBI)	14,030		730,963
Essex Property Trust, Inc.	900		45,135
Federal Realty Investment Trust (SBI)	1,900		37,620
FelCor Lodging Trust, Inc.	7,268		172,978
First Industrial Realty Trust, Inc.	9,900		325,215
First Union Real Estate Equity & Mortgage Investments	1,440		3,946
Forest City Enterprises, Inc. Class A	1,800		75,852
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Real Estate - continued
Franchise Finance Corp. of America	3,200		$ 71,776
FrontLine Capital Group (a)	2,700		37,294
Gables Residential Trust (SBI)	1,100		30,030
General Growth Properties, Inc.	3,700		124,912
Getty Realty Corp.	100		1,495
Glenborough Realty Trust, Inc.	8,800		162,096
Glimcher Realty Trust (SBI)	700		10,290
Great Lakes REIT, Inc.	100		1,670
Health Care Property Investors, Inc.	2,946		92,239
Health Care REIT, Inc.	400		7,632
Healthcare Realty Trust, Inc.	1,900		42,199
Highwoods Properties, Inc.	3,700		92,130
Home Properties of New York, Inc.	800		21,560
Hospitality Properties Trust (SBI)	3,200		83,040
Host Marriott Corp.	21,100		266,282
HRPT Properties Trust	21,300		172,743
Innkeepers USA Trust	700		7,707
Insignia Financial Group, Inc. (a)	733		9,566
IRT Property Co.	300		2,700
iStar Financial, Inc.	4,632		115,800
JDN Realty Corp.	650		8,223
Jones Lang LaSalle, Inc. (a)	2,700		38,070
JP Realty, Inc.	100		1,869
Kilroy Realty Corp.	1,200		31,668
Kimco Realty Corp.	3,800		159,030
Koger Equity, Inc.	800		12,336
Liberty Property Trust (SBI)	4,800		129,264
LNR Property Corp.	1,200		33,720
Mack-Cali Realty Corp.	3,900		104,520
Manufactured Home Communities, Inc.	800		22,080
Maui Land & Pineapple, Inc.	300		6,870
Meditrust Corp. unit (a)	17,796		64,955
MeriStar Hospitality Corp.	2,400		48,240
Merry Land Properties, Inc. (a)	50		334
Mid-America Apartment Communities, Inc.	500		10,900
Mills Corp.	800		15,448
National Golf Properties, Inc.	100		2,218
Nationwide Health Properties, Inc.	2,100		31,017
New Plan Excel Realty Trust	7,300		110,668
Newhall Land & Farming Co.	1,600		42,400
Pacific Gulf Properties, Inc.	800		5,240
Pan Pacific Retail Properties, Inc.	600		13,494
Parkway Properties, Inc.	100		2,910
Pinnacle Holdings, Inc. (a)	3,300		31,247
Post Properties, Inc.	2,400		87,600
Prentiss Properties Trust (SBI)	1,900		46,930
ProLogis Trust	18,100		371,412
PS Business Parks, Inc.	1,000		27,250
Public Storage, Inc.	8,000		205,840
Realty Income Corp.	1,100		27,720

	Shares		Value (Note 1)
Reckson Associates Realty Corp.	2,400		$ 55,920
Redwood Trust, Inc.	300		5,754
Regency Centers Corp.	3,200		76,640
RFS Hotel Investors, Inc.	400		5,600
Security Capital Group, Inc. Class B (a)	2,300		47,656
Senior Housing Properties Trust (SBI)	820		8,471
Shurgard Storage Centers, Inc. Class A	1,300		32,539
Simon Property Group, Inc.	16,900		432,809
SL Green Realty Corp.	1,100		30,888
Spieker Properties, Inc.	10,000		559,800
Storage USA, Inc.	1,400		41,720
Summit Properties, Inc.	1,100		25,641
Sun Communities, Inc.	700		22,470
Talk Visual Corp. (a)	11,700		772
Taubman Centers, Inc.	2,100		24,255
The Macerich Co.	1,600		33,184
The Rouse Co.	4,300		107,715
The St. Joe Co.	4,000		91,760
Thornburg Mortgage, Inc.	400		4,524
Town & Country Trust	200		3,900
Trammell Crow Co. (a)	2,900		35,815
Trendwest Resorts, Inc. (a)	700		19,819
United Dominion Realty Trust, Inc.	5,500		66,330
Ventas, Inc.	1,400		11,802
Vornado Operating Co. (a)	60		264
Vornado Realty Trust	9,300		351,633
W.P. Carey & Co. LLC	1,200		23,940
Washington (REIT) (SBI)	1,600		35,200
Weingarten Realty Investors (SBI)	1,500		62,985
Westfield America, Inc.	3,800		62,814
			10,294,394
TOTAL FINANCIALS			182,434,941
HEALTH CARE - 13.5%
Biotechnology - 1.7%
Aastrom Biosciences, Inc. (a)	1,900		1,900
Abgenix, Inc. (a)	5,400		183,600
Advanced Tissue Sciences, Inc. Class A (a)	1,500		6,000
Affymetrix, Inc. (a)	3,500		200,539
Albany Molecular Research, Inc. (a)	3,600		185,400
Alexion Pharmaceuticals, Inc. (a)	1,400		41,125
Alkermes, Inc. (a)	3,100		96,100
Allergan Specialty Therapeutics, Inc. Class A (a)	15		365
Alliance Pharmaceutical Corp. (a)	1,500		3,750
American Biogenetic Sciences Class A (a)	7,400		6,938
Amgen, Inc. (a)	73,400		5,289,388
Amylin Pharmaceuticals, Inc. (a)	2,200		20,625
Applera Corp. - Celera Genomics Group (a)	3,818		166,083
Applied Molecular Evolution, Inc.	4,100		49,456
Arena Pharmaceuticals, Inc.	1,000		22,375
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Biotechnology - continued
ArQule, Inc. (a)	3,400		$ 61,200
Aurora Biosciences Corp. (a)	1,400		25,550
AutoImmune, Inc. (a)	11,500		24,438
Avant Immunotherapeutics, Inc. (a)	1,400		7,438
AVI BioPharma, Inc. (a)	2,700		15,188
Avigen, Inc. (a)	1,600		25,100
Aviron (a)	3,100		130,006
Bio-Technology General Corp. (a)	6,200		46,500
BioCryst Pharmaceuticals, Inc. (a)	1,700		10,625
Biogen, Inc. (a)	10,200		729,938
BioMarin Pharmaceutical, Inc. (a)	700		5,950
Biopure Corp. (a)	700		13,213
BioShield Technologies, Inc. (a)	4,100		1,409
BioSource International, Inc. (a)	3,600		35,100
BioSphere Medical, Inc. (a)	800		8,900
BioTime, Inc. (a)	400		3,520
Celgene Corp. (a)	4,100		107,113
Cell Genesys, Inc. (a)	5,600		89,950
Cell Therapeutics, Inc. (a)	2,000		47,625
Cephalon, Inc. (a)	3,806		209,568
Cepheid, Inc.	2,600		13,325
Charles River Labs International, Inc.	2,200		53,240
Chiron Corp. (a)	14,800		692,825
Ciphergen Biosystems, Inc.	1,800		11,363
COR Therapeutics, Inc. (a)	3,100		106,563
Corvas International, Inc. (a)	6,300		63,394
Cubist Pharmaceuticals, Inc. (a)	2,400		71,400
CuraGen Corp. (a)	2,100		58,406
CV Therapeutics, Inc. (a)	2,400		85,800
CYTOGEN Corp. (a)	3,700		13,759
Digene Corp. (a)	400		11,475
Diversa Corp.	2,400		36,600
Enchira Biotechnology Corp. (a)	1,700		6,163
EntreMed, Inc. (a)	500		9,781
Enzo Biochem, Inc.	1,370		26,441
Enzon, Inc. (a)	3,300		209,756
Epimmune, Inc. (a)	3,100		9,494
Exelixis, Inc.	2,600		27,950
Fusion Medical Technologies, Inc. (a)	1,100		5,088
Gene Logic, Inc. (a)	3,000		60,188
Genelabs Technologies, Inc. (a)	7,200		44,550
Genencor International, Inc.	4,000		64,000
Genentech, Inc.	13,700		719,250
Genome Therapeutics Corp. (a)	3,300		27,122
Genta, Inc. (a)	8,300		56,025
Genzyme Corp.:
Biosurgery Division (a)	1,555		10,399
General Division (a)	6,700		589,181
Genzyme Transgenics Corp. (a)	4,100		26,906
Geron Corp. (a)	1,300		19,988
Gilead Sciences, Inc. (a)	6,000		224,250

	Shares		Value (Note 1)
Hemispherx Biopharma, Inc. (a)	800		$ 3,480
Human Genome Sciences, Inc. (a)	7,900		434,006
Hyseq, Inc. (a)	800		9,700
ICOS Corp. (a)	3,100		167,788
IDEC Pharmaceuticals Corp. (a)	10,200		575,025
IDEXX Laboratories, Inc. (a)	1,400		32,988
Ilex Oncology, Inc. (a)	2,500		46,250
ImClone Systems, Inc. (a)	4,100		145,038
Immtech International, Inc. (a)	1,200		9,900
Immune Response Corp. (a)	6,100		16,775
ImmunoGen, Inc. (a)	1,700		26,775
Immunomedics, Inc. (a)	2,300		29,756
Incyte Genomics, Inc. (a)	3,800		63,888
Interneuron Pharmaceuticals, Inc. (a)	10,600		37,100
Invitrogen Corp. (a)	4,666		375,613
Kos Pharmaceuticals, Inc. (a)	900		15,750
Kosan Biosciences, Inc. (a)	100		1,000
Large Scale Biology Corp.	500		3,688
Lexicon Genetics, Inc.	2,800		25,900
LifeCell Corp. (a)	5,000		11,563
Ligand Pharmaceuticals, Inc. Class B (a)	1,900		21,613
Luminex Corp.	1,600		49,300
Lynx Therapeutics, Inc. (a)	700		7,241
Matrix Pharmaceutical, Inc. (a)	4,400		50,325
Maxim Pharmaceuticals, Inc. (a)	1,500		9,000
Maxygen, Inc. (a)	1,700		26,988
Medarex, Inc. (a)	4,700		120,144
Medimmune, Inc. (a)	16,100		703,369
Millennium Pharmaceuticals, Inc. (a)	14,200		479,250
Myriad Genetics, Inc. (a)	2,400		132,900
Nanogen, Inc. (a)	1,100		7,975
Neogen Corp. (a)	1,300		17,388
Neopharm, Inc. (a)	200		4,375
NeoRX Corp. (a)	5,400		36,450
Neose Technologies, Inc. (a)	100		3,125
Neurocrine Biosciences, Inc. (a)	2,500		54,531
Neurogen Corp. (a)	500		13,438
Nexell Therapeutics, Inc. (a)	4,700		13,659
ONYX Pharmaceuticals, Inc. (a)	3,800		38,475
Orchid BioSciences, Inc.	2,300		16,675
Organogenesis, Inc. (a)	950		11,210
OSI Pharmaceuticals, Inc. (a)	3,100		135,238
Paradigm Genetics, Inc.	4,800		26,400
Peregrine Pharmaceuticals, Inc. (a)	5,400		7,425
Pharmacopeia, Inc. (a)	2,800		56,350
Progenics Pharmaceuticals, Inc. (a)	3,300		48,675
Protein Design Labs, Inc. (a)	3,900		244,238
Regeneron Pharmaceuticals, Inc. (a)	1,500		47,063
Repligen Corp. (a)	8,000		32,500
Ribozyme Pharmaceuticals, Inc. (a)	3,500		27,563
Sangamo Biosciences, Inc. (a)	1,000		16,750
Sangstat Medical Corp. (a)	900		9,450
SciClone Pharmaceuticals, Inc. (a)	7,300		36,728
Scios, Inc. (a)	2,400		42,150
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Biotechnology - continued
Sepracor, Inc. (a)	4,800		$ 249,300
Sequenom, Inc.	3,040		34,200
Serologicals Corp. (a)	3,450		37,950
StemCells, Inc. (a)	12,100		32,897
Tanox, Inc.	2,300		77,769
Targeted Genetics Corp. (a)	2,100		8,991
Techne Corp. (a)	3,000		80,813
Texas Biotechnology Corp. (a)	1,300		10,231
Titan Pharmaceuticals, Inc. (a)	1,300		40,300
Transkaryotic Therapies, Inc. (a)	2,500		41,680
Trimeris, Inc. (a)	1,200		54,919
Vertex Pharmaceuticals, Inc. (a)	3,800		189,050
Vical, Inc. (a)	1,900		26,600
Vion Pharmaceuticals, Inc. (a)	4,500		26,719
Viragen, Inc. (a)	14,100		16,356
ViroLogic, Inc.	1,600		5,350
ViroPharma, Inc. (a)	1,200		28,800
XOMA Ltd. (a)	11,000		79,406
			16,847,932
Health Care Equipment & Supplies - 1.5%
1-800 CONTACTS, Inc. (a)	600		11,738
Aerogen, Inc.	9,600		57,600
ALARIS Medical, Inc. (a)	2,200		2,090
Apogent Technologies, Inc.	7,300		146,584
Applera Corp. - Applied Biosystems Group	14,276		986,472
Arrow International, Inc.	600		21,938
Arthrocare Corp. (a)	3,200		57,200
Atrion Corp. (a)	300		4,275
Bacou USA, Inc. (a)	600		15,210
Bausch & Lomb, Inc.	3,200		171,904
Baxter International, Inc.	21,700		1,998,353
Beckman Coulter, Inc.	8,200		331,690
Becton, Dickinson & Co.	16,100		579,278
Bio-Rad Laboratories, Inc. Class A (a)	100		3,505
Bio-Vascular, Inc. (a)	1,000		5,625
Biomet, Inc.	15,850		615,178
Biosite Diagnostics, Inc. (a)	2,300		87,544
Boston Biomedica, Inc. (a)	3,700		6,013
Boston Scientific Corp. (a)	26,200		432,038
Bruker Daltonics, Inc.	3,400		61,413
C.R. Bard, Inc.	3,400		150,858
Caliper Technologies Corp. (a)	1,200		30,600
Candela Corp. (a)	3,650		25,778
Cerus Corp. (a)	500		28,969
Cholestech Corp. (a)	100		513
Chromavision Medical Systems, Inc. (a)	3,500		18,156
Closure Medical Corp. (a)	1,400		27,738
Coherent, Inc. (a)	1,900		79,563
Colorado Medtech, Inc. (a)	3,200		14,200
CONMED Corp. (a)	3,500		80,281

	Shares		Value (Note 1)
Cooper Companies, Inc.	100		$ 4,090
Curon Medical, Inc.	12,600		63,000
Cyberonics, Inc. (a)	5,600		128,100
Cygnus, Inc. (a)	3,600		18,788
Cytyc Corp. (a)	1,900		119,463
Datascope Corp.	2,100		72,844
DENTSPLY International, Inc.	5,300		199,413
Diagnostic Products Corp.	100		5,272
Diasys Corp. (a)	2,600		3,926
Eclipse Surgical Technologies (a)	300		394
Edwards Lifesciences Corp. (a)	4,060		85,057
Genomic Solutions, Inc.	4,500		30,094
Gliatech, Inc. (a)	3,900		10,725
Guidant Corp. (a)	20,600		1,049,982
Gum Tech International, Inc. (a)	3,500		24,500
Haemonetics Corp. (a)	800		23,184
Heartport, Inc. (a)	1,300		3,372
Hillenbrand Industries, Inc.	3,400		172,380
Hologic, Inc. (a)	5,700		32,063
I-Stat Corp. (a)	100		1,950
IGEN International, Inc. (a)	1,900		24,700
Illumina, Inc.	2,200		33,000
Imatron, Inc. (a)	15,300		26,775
Implant Sciences Corp. (a)	200		1,440
INAMED Corp. (a)	2,300		51,175
Inhale Therapeutic Systems, Inc. (a)	2,800		78,050
Interpore International, Inc. (a)	5,600		21,700
Invacare Corp.	2,800		101,780
Inverness Medical Technology, Inc. (a)	800		22,400
KeraVision, Inc. (a)	5,400		2,025
Kewaunee Scientific Corp.	1,800		16,650
Laser Vision Centers, Inc. (a)	4,700		22,325
LaserSight, Inc. (a)	1,700		2,497
Medtronic, Inc.	89,726		4,592,177
Mentor Corp.	3,000		69,188
Mesa Laboratories, Inc. (a)	3,600		18,450
Micro Therapeutics, Inc. (a)	5,700		31,350
MiniMed, Inc. (a)	6,400		226,400
Molecular Devices Corp. (a)	800		53,750
Neoprobe Corp. (a)	100		53
North American Scientific, Inc. (a)	3,400		24,225
Noven Pharmaceuticals, Inc. (a)	3,900		126,750
Novoste Corp. (a)	2,500		83,750
Ocular Sciences, Inc. (a)	6,400		110,400
ORATEC Interventions, Inc.	1,200		8,138
Osteotech, Inc. (a)	3,150		20,081
Physiometrix, Inc. (a)	2,800		24,500
PLC Systems, Inc. (a)	400		432
Precision Optics Corp., Inc. (a)	3,900		9,384
Resmed, Inc. (a)	2,200		98,912
Respironics, Inc. (a)	500		12,563
Sabratek Corp. (a)	1,500		5
Sola International, Inc. (a)	700		6,440
Sonic Innovations, Inc.	3,300		24,338
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
SonoSight, Inc. (a)	333		$ 4,891
Spacelabs Medical, Inc. (a)	500		6,125
St. Jude Medical, Inc. (a)	4,972		279,029
Steris Corp. (a)	2,000		37,400
Stryker Corp.	12,700		713,105
Sunrise Technologies, Inc. (a)	4,300		8,869
SurModics, Inc. (a)	1,200		37,256
Sybron Dental Specialties, Inc. (a)	2,433		47,808
TCPI, Inc. (a)	12,600		655
Theragenics Corp. (a)	1,300		8,645
Thoratec Laboratories Corp. (a)	3,900		35,344
Transgenomic, Inc.	1,800		12,600
TriPath Imaging, Inc. (a)	4,200		40,688
Urologix, Inc. (a)	1,000		18,250
Uromed Corp. (a)	4,820		14,159
Varian Medical Systems, Inc. (a)	1,400		92,960
Vasomedical, Inc. (a)	14,900		74,966
Ventana Medical Systems, Inc. (a)	700		15,794
VISX, Inc. (a)	2,800		47,740
Zoll Medical Corp. (a)	3,300		138,806
			15,681,794
Health Care Providers & Services - 1.7%
Accredo Health, Inc. (a)	150		4,359
AdvancePCS (a)	4,700		208,563
Aetna, Inc. (a)	11,800		439,314
AHT Corp. (a)	1,000		2
Alterra Healthcare Corp. (a)	500		370
American Healthways, Inc. (a)	100		1,675
American HomePatient, Inc. (a)	1,300		663
AmeriPath, Inc. (a)	900		17,663
AmeriSource Health Corp. Class A (a)	3,500		188,020
Amsurg Corp. Class A (a)	9		173
Andrx Group (a)	5,300		303,508
Apria Healthcare Group, Inc. (a)	1,500		36,915
ARV Assisted Living, Inc. (a)	100		86
Assisted Living Concepts, Inc. (a)	400		156
Bergen Brunswig Corp. Class A	7,227		130,014
Beverly Enterprises, Inc. (a)	1,000		7,690
Boron LePore & Associates, Inc. (a)	600		7,013
Cardinal Health, Inc.	22,089		2,242,034
Caremark Rx, Inc. (a)	14,000		196,000
Carematrix Corp. (a)	156		39
Chronimed, Inc.	200		2,863
CIGNA Corp.	12,300		1,348,941
Claimsnet.com, Inc. (a)	3,100		5,038
Community Health Systems, Inc. (a)	5,300		149,195
Covance, Inc. (a)	3,700		55,500
Coventry Health Care, Inc. (a)	2,000		36,750
Curative Health Services, Inc. (a)	1,000		6,000
Cyber-Care, Inc. (a)	10,100		32,825
DaVita, Inc. (a)	2,267		39,854

	Shares		Value (Note 1)
Express Scripts, Inc. Class A (a)	3,600		$ 322,875
First Health Group Corp. (a)	3,300		140,869
First Horizon Pharmaceutical Corp.	4,400		105,600
Fonar Corp. (a)	200		216
Genesis Health Ventures, Inc. (a)	1,700		502
Gentiva Health Services, Inc. (a)	2,000		38,000
HCA - The Healthcare Co.	44,200		1,750,320
Health Management Associates, Inc. Class A (a)	15,250		263,825
Health Net, Inc. (a)	6,300		138,411
Healthcare Recoveries, Inc. (a)	400		1,550
Healthcare.com Corp. (a)	1,800		3,150
HealthExtras, Inc. (a)	1,400		7,963
Healthplan Services Corp. (a)	500		4,525
HEALTHSOUTH Corp. (a)	23,419		372,830
Henry Schein, Inc. (a)	1,300		37,131
Hooper Holmes, Inc.	2,100		16,800
Humana, Inc. (a)	7,300		98,550
IMPATH, Inc. (a)	1,100		54,931
Integrated Health Services, Inc. (a)	2,200		242
Laboratory Corp. of America Holdings (a)	2,400		385,200
LCA-Vision, Inc. (a)	6,400		17,600
Lifeline Systems, Inc.	1,700		27,200
Lifepoint Hospitals, Inc. (a)	4,463		173,499
Lincare Holdings, Inc. (a)	6,200		365,413
Manor Care, Inc. (a)	3,900		95,121
Maximus, Inc. (a)	700		24,584
McKesson HBOC, Inc.	19,057		554,178
Medical Resources, Inc. (a)	66		1
Mid-Atlantic Medical Services, Inc. (a)	1,600		31,456
MIM Corp. (a)	6,300		11,813
NCS HealthCare, Inc. Class A (a)	1,000		344
Omnicare, Inc.	7,100		157,407
Orthodontic Centers of America, Inc. (a)	4,300		101,050
Owens & Minor, Inc.	200		2,992
Oxford Health Plans, Inc. (a)	5,400		178,538
PacifiCare Health Systems, Inc. (a)	4,700		183,888
PAREXEL International Corp. (a)	1,800		29,363
Patterson Dental Co. (a)	5,500		173,938
Pediatrix Medical Group (a)	1,300		29,315
Pharmaceutical Product Development, Inc. (a)	4,300		239,456
Phycor, Inc. (a)	1,800		117
Priority Healthcare Corp. Class B (a)	3,794		155,080
Professional Detailing, Inc. (a)	1,100		57,338
Province Healthcare Co. (a)	4,500		157,219
PSS World Medical, Inc. (a)	12,500		55,469
Quest Diagnostics, Inc. (a)	2,800		295,120
Quintiles Transnational Corp. (a)	6,766		121,788
Quorum Health Group, Inc. (a)	8,000		133,500
RehabCare Group, Inc. (a)	100		4,600
Renal Care Group, Inc. (a)	5,550		146,728
Res-Care, Inc. (a)	2,400		16,500
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Health Care Providers & Services - continued
Rural/Metro Corp. (a)	500		$ 719
Service Corp. International (SCI) (a)	16,452		58,734
Specialty Laboratories, Inc. (a)	6,100		167,445
SRI/Surgical Express, Inc. (a)	900		15,863
Stewart Enterprises, Inc. Class A	11,100		37,116
Sunrise Assisted Living, Inc. (a)	7,400		175,750
Syncor International Corp. (a)	800		28,000
Tenet Healthcare Corp.	26,400		1,217,832
Triad Hospitals, Inc. (a)	2,463		80,509
Trigon Healthcare, Inc. (a)	2,600		156,494
U.S. Oncology, Inc. (a)	482		5,061
UnitedHealth Group, Inc.	21,600		1,279,368
Universal Health Services, Inc. Class B (a)	2,700		242,325
Ventiv Health, Inc. (a)	4,733		76,615
Vision Twenty-One, Inc. (a)	3,600		144
Wellpoint Health Networks, Inc. (a)	5,800		573,330
			16,860,633
Pharmaceuticals - 8.6%
3 Dimensional Pharmaceuticals, Inc.	100		1,063
aaiPharma, Inc. (a)	1,800		18,000
Abbott Laboratories	115,185		5,642,913
Aclara Biosciences, Inc.	3,200		17,200
Adolor Corp.	8,600		160,713
Alcide Corp. (a)	300		8,475
Allergan, Inc.	8,900		773,855
Alpharma, Inc. Class A	2,500		83,125
ALZA Corp. (a)	15,640		618,562
American Home Products Corp.	96,700		5,973,159
Antigenics, Inc.	2,488		38,875
ARIAD Pharmaceuticals, Inc. (a)	6,400		34,400
AVANIR Pharmaceuticals Class A (a)	600		3,534
AXYS Pharmaceuticals, Inc. (a)	5,035		21,399
Barr Laboratories, Inc. (a)	2,000		111,200
Boston Life Sciences, Inc. (a)	5,400		24,975
Bristol-Myers Squibb Co.	144,200		9,143,722
Cell Pathways, Inc. (a)	3,100		18,503
CIMA Labs, Inc. (a)	400		23,300
Collagenex Pharmaceuticals, Inc. (a)	2,200		11,138
Columbia Laboratories, Inc. (a)	1,300		7,982
Corixa Corp. (a)	1,301		20,166
Cypress Bioscience, Inc. (a)	21,900		13,688
Cytoclonal Pharmaceuticals, Inc. (a)	3,400		19,763
Dendreon Corp.	200		2,350
Discovery Laboratories, Inc. (a)	3,800		16,625
Discovery Partners International, Inc.	100		900
Duramed Pharmaceuticals, Inc. (a)	2,000		12,000
Durect Corp.	1,500		10,313
Eli Lilly & Co.	83,400		6,626,964
Emisphere Technologies, Inc.	600		14,100
Endo Pharmaceuticals Holdings, Inc. (a)	2,500		17,031

	Shares		Value (Note 1)
Endo Pharmaceuticals Holdings, Inc. warrants 12/31/02 (a)	500		$ 125
Esperion Therapeutics, Inc.	300		2,363
Forest Laboratories, Inc. (a)	14,400		1,001,232
Genzyme Corp. - Molecular Oncology (a)	5,518		57,249
Guilford Pharmaceuticals, Inc. (a)	5,100		115,069
Hollis-Eden Pharmaceutcals, Inc. (a)	1,300		5,119
ICN Pharmaceuticals, Inc.	4,800		127,488
Immunex Corp. (a)	41,100		1,338,319
InKine Pharmaceutical, Inc. (a)	5,100		34,744
Inspire Pharmaceuticals, Inc.	900		8,438
Intermune Pharmaceuticals, Inc.	3,300		93,431
International Isotopes, Inc. (a)	100		13
IntraBiotics Pharmaceuticals, Inc.	1,000		5,000
Isis Pharmaceuticals Co. (a)	3,600		39,150
IVAX Corp. (a)	10,500		393,750
Johnson & Johnson	101,944		9,922,210
King Pharmaceuticals, Inc. (a)	11,071		508,159
KV Pharmaceutical Co. Class A (a)	1,200		29,640
Medicines Co.	1,300		17,225
Medicis Pharmaceutical Corp. Class A (a)	1,650		86,790
Merck & Co., Inc.	167,600		13,441,520
MGI Pharma, Inc. (a)	200		2,800
Mylan Laboratories, Inc.	7,800		182,520
NeoTherapeutics, Inc. (a)	4,800		21,600
NPS Pharmaceuticals, Inc. (a)	4,000		129,000
Pain Therapeutics, Inc.	500		5,063
Pfizer, Inc.	454,025		20,431,125
Pharmacia Corp.	91,100		4,709,870
Pharmacyclics, Inc. (a)	1,600		61,200
PharmaPrint, Inc. (a)	15,200		1,064
Pharmos Corp. (a)	12,500		26,563
PRAECIS Pharmaceuticals, Inc.	2,100		57,881
Pure World, Inc. (a)	330		382
Rosetta Inpharmatics, Inc.	2,100		21,525
Schering-Plough Corp.	107,900		4,342,975
SICOR, Inc. (a)	5,000		62,813
Sonus Pharmaceuticals, Inc. (a)	200		350
SuperGen, Inc. (a)	2,600		32,500
Tularik, Inc. (a)	2,600		67,763
Twinlab Corp. (a)	1,200		2,700
United Therapeutics Corp. (a)	2,000		24,250
Variagenics, Inc.	200		1,238
VaxGen, Inc. (a)	2,900		72,319
Vivus, Inc. (a)	12,100		42,350
Watson Pharmaceuticals, Inc. (a)	6,718		372,849
Zila, Inc. (a)	4,200		11,288
Zonagen, Inc. (a)	600		1,538
			87,402,553
TOTAL HEALTH CARE			136,792,912
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - 10.1%
Aerospace & Defense - 1.4%
AAR Corp.	850		$ 11,560
Advanced Aerodynamics & Structures, Inc. Class A (a)	600		281
Aerocentury Corp. (a)	800		3,840
Aeroflex, Inc. (a)	4,100		54,838
Alliant Techsystems, Inc. (a)	3,162		267,980
Applied Signal Technology, Inc.	1,900		9,619
Astronics Corp.	2,300		33,063
Aviall, Inc. (a)	2,800		20,720
Aviation Sales Co. (a)	2,900		13,050
BE Aerospace, Inc. (a)	6,000		134,625
BFGoodrich Co.	6,762		273,455
Boeing Co.	63,200		3,931,040
Datum, Inc. (a)	600		9,863
DRS Technologies, Inc. (a)	2,100		37,170
General Dynamics Corp.	13,800		940,884
Herley Industries, Inc. (a)	3,500		51,625
Hexcel Corp.	1,700		18,666
Honeywell International, Inc.	55,775		2,605,250
Irvine Sensors Corp. (a)	8,600		15,050
Kellstrom Industries, Inc. (a)	800		3,275
Litton Industries, Inc. (a)	3,200		253,600
Lockheed Martin Corp.	29,677		1,111,700
Mercury Computer Systems, Inc. (a)	2,600		98,800
Newport News Shipbuilding, Inc.	3,100		169,415
Northrop Grumman Corp.	6,300		591,885
Orbital Sciences Corp. (a)	1,700		12,614
Pacific Aerospace & Electronics, Inc. (a)	11,400		4,631
Precision Castparts Corp.	3,400		131,070
Raytheon Co. Class B	22,600		750,546
United Technologies Corp.	35,871		2,794,710
Willis Lease Finance Corp. (a)	1,200		11,925
World Fuel Services Corp.	200		1,640
			14,368,390
Air Freight & Couriers - 0.2%
Airborne, Inc.	1,500		15,480
Atlas Air Worldwide Holdings, Inc. (a)	1,450		42,166
EGL, Inc. (a)	4,800		119,400
Expeditors International of Washington, Inc.	4,400		256,850
FedEx Corp. (a)	19,373		792,937
Forward Air Corp. (a)	2,700		99,731
Fritz Companies, Inc. (a)	5,200		58,175
United Parcel Service, Inc. Class B	7,500		423,975
			1,808,714
Airlines - 0.3%
AirTran Holdings, Inc. (a)	1,900		17,480
Alaska Air Group, Inc. (a)	3,000		85,740
America West Holding Corp. Class B (a)	2,200		23,540
AMR Corp.	8,700		289,275
Atlantic Coast Airlines Holdings, Inc. (a)	7,800		145,275

	Shares		Value (Note 1)
Continental Airlines, Inc. Class B (a)	4,200		$ 187,950
Delta Air Lines, Inc.	8,300		349,596
Great Lakes Aviation Ltd. (a)	200		338
Mesa Air Group, Inc. (a)	200		2,000
Midway Airlines Corp. (a)	100		406
Midwest Express Holdings, Inc. (a)	400		7,368
Northwest Airlines Corp. (a)	6,200		136,400
SkyWest, Inc.	11,460		259,999
Southwest Airlines Co.	58,293		1,084,250
Transportation World Airlines, Inc. (a)	2,700		675
UAL Corp.	3,500		133,175
US Airways Group, Inc. (a)	3,300		136,290
			2,859,757
Building Products - 0.2%
American Standard Companies, Inc. (a)	4,600		260,498
American Woodmark Corp.	100		1,963
Apogee Enterprises, Inc.	800		6,825
Armstrong Holdings, Inc.	6,800		24,616
Associated Materials, Inc.	600		10,275
ChinaB2BSourcing.com, Inc. (a)	500		2,125
Crane Co.	4,200		111,930
Dal-Tile International, Inc. (a)	2,800		44,800
Elcor Corp.	900		15,381
Griffon Corp. (a)	4,800		33,600
Insituform Technologies, Inc. Class A (a)	1,400		47,250
Lamson & Sessions Co. (a)	2,300		19,320
Lennox International, Inc.	3,207		38,163
Masco Corp.	40,500		946,485
NCI Building Systems, Inc. (a)	800		15,680
Nortek, Inc. (a)	200		5,824
Owens Corning	2,200		6,578
Patrick Industries, Inc.	600		3,900
PW Eagle, Inc. (a)	700		5,250
Simpson Manufacturing Co. Ltd. (a)	600		29,910
Trex Co., Inc. (a)	1,400		36,260
U.S. Industries, Inc.	6,500		54,275
USG Corp.	6,200		118,048
Watsco, Inc.	1,050		13,230
York International Corp.	2,700		86,400
			1,938,586
Commercial Services & Supplies - 2.1%
Ablest, Inc. (a)	1,000		4,550
ABM Industries, Inc.	1,700		54,910
Administaff, Inc. (a)	2,000		43,840
AG Services of America, Inc. (a)	100		1,500
AHL Services, Inc. (a)	2,600		22,913
Allied Waste Industries, Inc. (a)	9,025		145,754
ANC Rental Corp. (a)	3,900		11,944
Apollo Group, Inc. Class A (a)	7,725		271,341
Applied Graphics Technologies, Inc. (a)	344		1,204
Aquagenix, Inc. (a)	100		1
Argosy Education Group, Inc. Class A (a)	1,100		7,700
Audio Visual Services Corp. (a)	900		450
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Automatic Data Processing, Inc.	47,400		$ 2,796,600
Avery Dennison Corp.	7,800		413,400
Banta Corp.	1,200		31,332
Barrett Business Services, Inc. (a)	1,400		5,250
Berlitz International, Inc. (a)	1,100		14,564
Biospherics, Inc. (a)	3,900		21,206
Bowne & Co., Inc.	1,100		11,385
Bright Horizons Family Solutions, Inc. (a)	2,800		63,700
Butler International, Inc. (a)	1,300		6,338
Career Education Corp. (a)	1,600		73,000
Casella Waste Systems, Inc. Class A (a)	1,253		7,675
Cash Technologies, Inc. (a)	3,400		6,290
CDI Corp. (a)	1,600		23,232
Cendant Corp. (a)	48,410		633,203
Central Parking Corp.	2,800		51,100
Century Business Services, Inc. (a)	2,300		2,875
CheckFree Corp. (a)	4,800		231,300
Chemed Corp.	900		31,545
Childtime Learning Centers, Inc. (a)	900		6,525
Choice Hotels International, Inc. (a)	1,600		21,600
ChoicePoint, Inc. (a)	2,300		127,190
Cintas Corp.	11,611		418,177
Computer Learning Centers, Inc. (a)	420		10
Concord EFS, Inc. (a)	17,825		824,406
Consolidated Graphics, Inc. (a)	2,700		36,504
Convergys Corp. (a)	10,600		449,016
Corinthian Colleges, Inc. (a)	1,800		70,875
Cornell Companies, Inc. (a)	1,400		10,990
Corporate Executive Board Co. (a)	1,600		57,200
Correctional Services Corp. (a)	27		78
Corrections Corp. of America	12,169		11,926
CoStar Group, Inc. (a)	2,189		39,128
CPI Corp.	2,000		42,500
Creditrust Corp. (a)	6,700		5,863
CSG Systems International, Inc. (a)	4,000		150,750
Daisytek International Corp.	5,600		50,313
Day Runner, Inc. (a)	60		11
Deluxe Corp.	4,300		104,705
Devry, Inc. (a)	4,900		177,576
DiamondCluster International, Inc. Class A (a)	1,500		31,594
Digimarc Corp. (a)	1,100		11,550
DualStar Technologies Corp. (a)	5,400		1,856
Dun & Bradstreet Corp. (a)	5,300		133,030
Ecolab, Inc.	8,900		373,355
Edgewater Technology, Inc. (a)	2,800		11,025
Edison Schools, Inc. (a)	4,300		123,625
Education Management Corp. (a)	2,600		91,000
Educational Video Conferencing, Inc. (a)	2,100		3,019
eFunds Corp.	7,871		120,033
Electro Rent Corp. (a)	2,100		29,138

	Shares		Value (Note 1)
Encompass Services Corp. (a)	1,166		$ 6,751
Equifax, Inc.	9,100		275,821
EXE Technologies, Inc. (a)	2,200		21,725
FactSet Research Systems, Inc.	1,700		53,040
First Data Corp.	28,000		1,729,280
Fiserv, Inc. (a)	10,300		509,850
FYI, Inc. (a)	600		20,175
G&K Services, Inc. Class A	5,200		108,225
Galileo International, Inc.	5,900		134,225
GenesisIntermedia.com, Inc. (a)	3,100		66,263
Global Payments, Inc. (a)	1,280		24,320
GP Strategies Corp. (a)	1,600		6,800
Greg Manning Auctions, Inc. (a)	700		1,838
H&R Block, Inc.	5,600		276,080
Hall Kinion & Associates, Inc. (a)	3,400		59,075
Headway Corporate Resources (a)	300		645
Heidrick & Struggles International, Inc. (a)	1,400		46,288
Herman Miller, Inc.	5,800		148,625
HON Industries, Inc.	4,500		111,825
Hunt Corp.	300		2,160
IMS Health, Inc.	19,400		521,860
InfoUSA, Inc. (a)	600		2,850
INSpire Insurance Solutions, Inc. (a)	4,500		5,203
Insurance Auto Auctions, Inc. (a)	1,000		13,375
International Aircraft Investors (a)	1,100		4,538
Interpool, Inc.	2,300		39,905
Ionics, Inc. (a)	1,200		31,032
Iron Mountain, Inc. (a)	3,060		119,371
ITT Educational Services, Inc. (a)	2,900		88,102
John H. Harland Co.	800		14,400
Kaiser Group International, Inc. (a)	300		17
Kelly Services, Inc. Class A	2,700		71,550
kforce.com, Inc. (a)	2,127		7,179
Korn/Ferry International (a)	2,700		47,709
Kroll-O'Gara Co. (a)	3,700		20,581
Labor Ready, Inc. (a)	1,800		7,200
Landauer, Inc.	1,700		36,890
Lason, Inc. (a)	12,000		5,400
Learning Tree International, Inc. (a)	1,600		72,000
Mail-Well, Inc. (a)	1,500		9,750
Manpower, Inc.	5,300		180,359
McGrath RentCorp.	1,200		23,325
MCSi, Inc. (a)	1,900		30,994
MedQuist, Inc. (a)	2,535		54,819
MemberWorks, Inc. (a)	2,400		62,100
Modis Professional Services, Inc. (a)	7,200		44,136
National Data Corp.	1,600		40,848
National Equipment Services, Inc. (a)	300		750
National Processing, Inc. (a)	1,900		34,200
Navigant Consulting, Inc. (a)	5,950		34,510
Navigant International, Inc. (a)	700		7,350
NCH Corp.	400		19,712
NCO Group, Inc. (a)	3,400		99,025
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Commercial Services & Supplies - continued
New Century Equity Holdings Corp. (a)	1,200		$ 3,000
New England Business Service, Inc.	300		6,105
NewsEdge Corp. (a)	500		1,188
Nextera Enterprises, Inc. Class A (a)	5,000		6,250
Nobel Learning Communities, Inc. (a)	1,000		8,750
NOVA Corp. (a)	4,257		80,926
Ogden Corp. (a)	1,500		24,345
On Assignment, Inc. (a)	1,700		37,506
Paychex, Inc.	29,175		1,165,177
Pegasus Solutions, Inc. (a)	3,050		32,216
PeoplePC, Inc.	7,800		5,850
Per-Se Technologies, Inc. (a)	933		5,598
Personnel Group of America, Inc. (a)	900		1,368
Pitney Bowes, Inc.	20,800		708,240
Pittston Co. - Brinks Group	3,900		77,415
Pre-Paid Legal Services, Inc. (a)	1,000		19,750
Probusiness Services, Inc. (a)	800		24,000
Profit Recovery Group International, Inc. (a)	8,050		57,105
ProsoftTraining.com (a)	3,100		35,844
Protection One, Inc. (a)	100		96
Provant, Inc. (a)	2,300		12,794
R.R. Donnelley & Sons Co.	7,800		231,270
RCM Technologies, Inc. (a)	1,400		6,125
RemedyTemp, Inc. Class A (a)	900		12,263
Republic Services, Inc. (a)	9,300		154,752
Reynolds & Reynolds Co. Class A	4,400		96,712
Robert Half International, Inc. (a)	12,300		295,938
Rollins, Inc.	2,400		48,480
Sabre Holdings Corp. Class A	7,969		343,623
ServiceMaster Co.	21,550		231,232
SOS Staffing Services, Inc. (a)	300		431
Sotheby's Holdings, Inc. Class A (ltd. vtg.) (a)	3,200		80,896
Spherion Corp. (a)	4,620		42,735
Staff Leasing, Inc. (a)	4,700		15,275
Standard Register Co.	900		15,345
Steelcase, Inc. Class A	3,200		45,600
Stericycle, Inc. (a)	4,700		184,475
Strayer Education, Inc.	1,700		50,681
Sylvan Learning Systems (a)	6,700		139,863
Teletech Holdings, Inc. (a)	6,420		99,510
Tetra Tech, Inc. (a)	5,525		95,652
The BISYS Group, Inc. (a)	7,200		389,700
Total System Services, Inc.	12,400		297,600
TRM Corp. (a)	1,400		2,800
U.S. Office Products Co. (a)	1,363		123
U.S. Plastic Lumber Co. (a)	6,600		8,869
U.S. Wireless Corp. (a)	2,200		9,488
Unifirst Corp.	1,100		14,212
United Stationers, Inc. (a)	4,900		122,806

	Shares		Value (Note 1)
Valassis Communications, Inc. (a)	6,200		$ 187,426
Venture Catalyst, Inc. (a)	3,800		4,750
VerticalBuyer, Inc. (a)	720		67
Viad Corp.	6,600		160,974
ViaSource Communications, Inc. (a)	3,100		3,681
Volt Information Sciences, Inc. (a)	1,200		25,416
Wackenhut Corp. (a)	1,400		23,240
Wackenhut Corrections Corp. (a)	2,100		19,656
Wallace Computer Services, Inc.	1,300		23,166
Waste Connections, Inc. (a)	5,000		167,188
Waste Management, Inc.	43,852		1,112,525
West Corp. (a)	3,600		98,100
Workflow Management, Inc. (a)	2,300		16,100
			21,070,989
Construction & Engineering - 0.1%
Butler Manufacturing Co.	200		5,244
Dycom Industries, Inc. (a)	2,750		42,075
Emcor Group, Inc. (a)	2,800		83,020
Fluor Corp. New	7,300		278,276
Foster Wheeler Corp.	6,100		78,385
Granite Construction, Inc.	1,500		49,650
Jacobs Engineering Group, Inc. (a)	1,600		90,016
MasTec, Inc. (a)	3,450		51,681
McDermott International, Inc.	9,300		120,435
Quanta Services, Inc. (a)	4,000		110,440
Walter Industries, Inc.	2,500		22,250
Washington Group International, Inc. (a)	2,700		25,056
			956,528
Electrical Equipment - 0.7%
A.O. Smith Corp.	3,150		58,338
Active Power, Inc.	2,600		51,675
Advanced Energy Industries, Inc. (a)	2,200		49,913
American Power Conversion Corp. (a)	13,400		163,313
American Superconductor Corp. (a)	1,600		27,100
American Technical Ceramics Corp. (a)	1,900		19,931
AMETEK, Inc.	1,700		46,920
Artesyn Technologies, Inc. (a)	2,600		36,888
AstroPower, Inc. (a)	2,400		83,700
Asyst Technologies, Inc. (a)	2,200		29,563
Ault, Inc. (a)	2,800		17,150
Axcess, Inc. (a)	1,600		7,000
AZZ, Inc.	1,900		33,820
Bairnco Corp.	800		6,560
Baldor Electric Co.	3,600		75,600
Belden, Inc.	2,700		66,636
Benchmark Electronics, Inc. (a)	1,700		47,430
BMC Industries, Inc.	5,000		27,000
BOLDER Technologies Corp. (a)	400		88
Brady Corp. Class A	1,700		54,910
C&D Technologies, Inc.	1,800		59,400
Capstone Turbine Corp.	6,800		167,450
Channell Commercial Corp. (a)	800		5,400
Comdisco, Inc.	8,900		113,475
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Electrical Equipment - continued
Conductus, Inc. (a)	3,800		$ 21,375
Cooper Industries, Inc.	6,300		270,900
CoorsTek, Inc. (a)	300		8,550
CTS Corp.	1,900		64,980
Duraswitch Industries, Inc. (a)	1,500		16,781
Electric Fuel Corp. (a)	6,700		36,850
Electro Scientific Industries, Inc. (a)	1,900		53,319
Emerson Electric Co.	29,143		1,949,667
Encore Wire Corp. (a)	4,600		35,075
Energizer Holdings, Inc. (a)	6,801		169,345
Energy Conversion Devices, Inc. (a)	3,000		78,188
Espey Manufacturing & Electronics Corp.	1,300		23,335
Evergreen Solar, Inc.	1,700		18,488
Fiberstars, Inc. (a)	3,900		26,325
General Cable Corp.	5,000		53,500
Genlyte Group, Inc. (a)	400		11,150
H Power Corp.	4,600		26,163
Hathaway Corp. (a)	4,100		16,913
Hubbell, Inc. Class B	5,300		148,135
II-VI, Inc. (a)	934		10,858
Littelfuse, Inc.	1,400		34,563
M-Wave, Inc. (a)	1,400		16,538
MagneTek, Inc. (a)	3,000		33,600
Manufacturers Services Ltd.	2,000		13,480
MATEC Corp.	2,100		12,810
Merrimac Industries, Inc. (a)	500		8,750
Microtest, Inc. (a)	4,400		16,775
Microvision, Inc. (a)	1,800		30,825
Misonix, Inc. (a)	3,000		24,563
Molex, Inc.	12,537		455,250
Nanophase Technologies Corp. (a)	4,000		28,250
National Service Industries, Inc.	2,600		62,842
Nortech Systems, Inc. (a)	1,900		12,469
Panja, Inc. (a)	3,400		15,300
Paxar Corp. (a)	2,000		22,500
Peco II, Inc.	1,400		19,250
Pemstar, Inc.	3,100		30,225
Penn Engineering & Manufacturing Corp. (non-vtg.)	300		12,030
Plexus Corp. (a)	2,800		86,450
Plug Power, Inc. (a)	3,000		47,250
Power-One, Inc. (a)	5,200		92,300
Proton Energy Systems, Inc.	2,200		20,900
Rayovac Corp. (a)	1,500		28,950
Reptron Electronics, Inc. (a)	100		900
Rockwell International Corp.	13,000		597,480
Sensormatic Electronics Corp. (a)	5,400		118,260
Signal Technology Corp. (a)	1,300		10,725
SLI, Inc.	5,150		48,410
SPX Corp. (a)	1,872		181,584
Tech/Ops Sevcon, Inc.	2,100		18,060

	Shares		Value (Note 1)
Technitrol, Inc.	2,300		$ 80,155
Tecumseh Products Co. Class A	1,800		91,350
Thermo Electron Corp. (a)	12,070		336,753
Thomas & Betts Corp.	4,100		78,228
Ultralife Batteries, Inc. (a)	600		3,488
UQM Technologies, Inc. (a)	3,800		25,650
Valence Technology, Inc. (a)	1,100		8,525
Vari-L Co., Inc. (a)	1,700		5,525
Vicor Corp. (a)	3,300		70,950
Vishay Intertechnology, Inc. (a)	10,118		181,517
Woodward Governor Co.	1,600		89,500
			7,362,087
Industrial Conglomerates - 3.7%
Carlisle Companies, Inc.	2,200		75,900
General Electric Co.	714,184		33,209,313
ITT Industries, Inc.	5,700		231,135
Minnesota Mining & Manufacturing Co.	27,266		3,074,242
Standex International Corp.	100		2,440
Teleflex, Inc.	3,300		141,735
Textron, Inc.	10,400		550,992
Tredegar Industries, Inc.	2,700		49,275
			37,335,032
Machinery - 0.8%
3D Systems Corp. (a)	2,100		26,513
ABC-NACO, Inc. (a)	100		550
Actuant Corp. Class A	600		8,880
AGCO Corp.	3,900		46,020
Albany International Corp. Class A (a)	1,000		18,100
Applied Industrial Technologies, Inc.	700		12,775
Aptargroup, Inc.	2,600		74,620
Astec Industries, Inc. (a)	1,000		13,313
Axsys Technologies, Inc. (a)	800		14,800
Barnes Group, Inc.	700		13,510
Blount International, Inc. (a)	800		5,728
Briggs & Stratton Corp.	5,000		197,800
Cascade Corp.	100		1,560
Caterpillar, Inc.	28,900		1,202,240
Ceradyne, Inc. (a)	2,800		26,775
CLARCOR, Inc.	1,100		26,950
Cognex Corp. (a)	2,100		43,181
Columbus McKinnon Corp.	400		3,150
Cummins Engine Co., Inc.	2,900		107,155
CUNO, Inc. (a)	700		18,463
Danaher Corp.	9,971		632,560
Deere & Co.	15,900		647,130
Dionex Corp. (a)	1,200		43,200
Donaldson Co., Inc.	2,600		69,186
Dover Corp.	12,200		467,992
DT Industries, Inc. (a)	300		1,050
Eaton Corp.	5,100		362,865
ESCO Technologies, Inc. (a)	200		4,316
Esterline Technologies Corp. (a)	2,200		47,080
Flanders Corp. (a)	300		656
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Machinery - continued
Flow International Corp. (a)	600		$ 6,713
Flowserve Corp. (a)	1,900		39,900
Gardner Denver Machinery, Inc. (a)	300		5,778
Graco, Inc.	1,650		44,220
Harnischfeger Industries, Inc. (a)	14,300		1,216
Harsco Corp.	2,400		66,240
Hirsch International Corp. Class A (a)	900		1,294
IDEX Corp.	1,700		54,281
Illinois Tool Works, Inc.	24,028		1,454,895
Ingersoll-Rand Co.	12,700		550,545
JLG Industries, Inc.	2,200		28,600
Kaydon Corp.	1,500		38,085
Kennametal, Inc.	2,300		71,645
Lincoln Electric Holdings, Inc.	4,600		95,450
Lindsay Manufacturing Co.	200		4,190
Manitowoc Co., Inc.	1,250		35,250
Milacron, Inc.	1,700		33,762
Miller Industries, Inc. (a)	1,800		1,872
Minuteman International, Inc.	1,600		14,900
Mobile Mini, Inc. (a)	2,300		54,625
Mueller Industries, Inc.	2,000		60,800
NACCO Industries, Inc. Class A	300		19,968
Navistar International Corp.	3,800		95,076
Nordson Corp.	1,800		50,288
Oshkosh Truck Co.	2,100		102,769
PACCAR, Inc.	6,700		310,713
Pall Corp.	8,800		201,256
Parker-Hannifin Corp.	7,600		327,028
Pentair, Inc.	3,000		83,100
Quixote Corp.	700		16,013
Regal-Beloit Corp.	1,500		27,300
Reliance Steel & Aluminum Co.	1,400		35,840
Robbins & Myers, Inc.	200		5,070
Roper Industries, Inc.	2,100		81,438
SPS Technologies, Inc. (a)	600		30,120
Stewart & Stevenson Services, Inc.	1,700		43,775
Tennant Co.	400		17,180
Terex Corp. (a)	3,800		70,110
Thomas Industries, Inc.	500		13,275
Timken Co.	3,500		56,000
Titan International, Inc.	600		3,036
Trinity Industries, Inc.	2,800		61,572
United Dominion Industries Ltd.	3,600		63,863
UNOVA, Inc. (a)	2,400		10,656
Valmont Industries, Inc.	1,100		20,144
Wabash National Corp.	700		7,560
Watts Industries, Inc. Class A	900		13,230
			8,568,759
Marine - 0.0%
Alexander & Baldwin, Inc.	1,900		49,044

	Shares		Value (Note 1)
Kirby Corp. (a)	300		$ 6,045
OMI Corp. (a)	400		2,944
			58,033
Road & Rail - 0.5%
AMERCO (a)	1,800		37,800
Arkansas Best Corp. (a)	4,800		80,400
Arnold Industries, Inc.	100		1,663
Asche Transportation Services, Inc. (a)	500		5
Avis Group Holdings, Inc. Class A (a)	4,000		131,920
Budget Group, Inc. Class A (a)	1,400		2,744
Burlington Northern Santa Fe Corp.	27,300		819,273
C.H. Robinson Worldwide, Inc.	6,000		179,250
Celadon Group, Inc. (a)	4,300		20,694
CNF, Inc.	3,900		134,706
Consolidated Freightways Corp. (a)	800		5,400
CSX Corp.	15,200		508,288
Dollar Thrifty Automotive Group, Inc. (a)	1,900		37,905
Florida East Coast Industries, Inc. Class A	1,200		41,100
GATX Corp.	3,400		148,648
Heartland Express, Inc. (a)	400		10,000
Hertz Corp. Class A	3,500		124,180
J.B. Hunt Transport Services, Inc.	1,200		18,975
Kansas City Southern Industries, Inc.	2,600		38,948
Knights Transportation, Inc. (a)	3,500		80,063
Landstar System, Inc. (a)	600		39,938
M.S. Carriers, Inc. (a)	400		11,763
Norfolk Southern Corp.	39,700		718,173
RailAmerica, Inc. (a)	10,700		91,619
Roadway Express, Inc.	3,300		85,181
Ryder System, Inc.	4,300		88,236
Swift Transportation Co., Inc. (a)	2,650		45,878
U.S. Xpress Enterprises, Inc. Class A (a)	600		4,163
Union Pacific Corp.	17,200		944,968
USFreightways Corp.	4,400		140,250
Werner Enterprises, Inc.	1,600		26,700
Wisconsin Central Transportation Corp. (a)	11,100		176,213
XTRA Corp. (a)	1,000		47,710
Yellow Corp. (a)	700		13,869
			4,856,623
Trading Companies & Distributors - 0.1%
Fastenal Co.	3,400		204,000
Genuine Parts Co.	11,600		312,736
MSC Industrial Direct, Inc. (a)	2,700		44,442
W.W. Grainger, Inc.	6,800		238,068
			799,246
TOTAL INDUSTRIALS			101,982,744
INFORMATION TECHNOLOGY - 18.5%
Communications Equipment - 3.8%
3Com Corp.	24,900		227,213
Accelerated Networks, Inc.	3,400		6,375
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Ace Communication Corp. (a)	3,000		$ 6,188
Adaptive Broadband Corp. (a)	2,700		5,569
ADC Telecommunications, Inc. (a)	51,770		575,941
Adtran, Inc. (a)	2,500		59,531
Advanced Fibre Communications, Inc. (a)	5,700		107,944
Advanced Switching Communication, Inc.	2,500		15,000
Airnet Communications Corp. (a)	2,800		7,350
Allen Telecom, Inc. (a)	1,200		16,800
Alliance Fiber Optic Products, Inc.	2,400		18,900
Alpine Group, Inc. (a)	4,900		11,074
AltiGen Communications, Inc. (a)	3,200		4,500
Amplidyne, Inc. (a)	3,300		6,291
Anadigics, Inc. (a)	2,050		27,419
Anaren Microwave, Inc. (a)	1,500		26,813
Andrew Corp. (a)	4,500		67,500
Anicom, Inc. (a)	600		1
Anixter International, Inc. (a)	2,600		55,640
ANTEC Corp. (a)	3,500		31,391
Applied Innovation, Inc. (a)	1,500		16,313
Ariel Corp. (a)	6,900		6,469
Aspect Communications Corp. (a)	4,400		48,675
Audiovox Corp. Class A (a)	3,500		37,844
Avanex Corp.	4,530		87,769
Avaya, Inc. (a)	18,558		259,812
Avici Systems, Inc.	3,400		51,213
Avocent Corp. (a)	2,500		62,188
Aware, Inc. (a)	1,400		13,300
Bel Fuse, Inc. Class A (a)	1,000		31,375
Blonder Tongue Laboratories, Inc. (a)	3,900		11,310
Bogen Communications International, Inc. (a)	2,400		9,900
Brightpoint, Inc. (a)	5,500		19,250
Brocade Communications Systems, Inc. (a)	15,400		597,713
Brooktrout, Inc. (a)	1,900		17,338
C-COR.net Corp. (a)	1,800		16,200
Cable Design Technologies Corp. (a)	5,675		101,242
Cabletron Systems, Inc. (a)	11,700		157,365
Carrier Access Corp. (a)	3,100		17,050
Centillium Communications, Inc.	2,600		75,075
Cidco, Inc. (a)	6,600		8,044
CIENA Corp. (a)	21,300		1,431,094
Cisco Systems, Inc. (a)	521,252		12,347,157
Clarent Corp. (a)	2,282		23,961
Cognitronics Corp. (a)	2,400		19,200
Com21, Inc. (a)	1,200		3,675
Comarco, Inc. (a)	450		6,806
Comdial Corp. (a)	5,600		7,875
CommScope, Inc. (a)	3,600		72,540
Communications Systems, Inc.	2,500		24,063
Computer Network Technology Corp. (a)	4,800		59,100

	Shares		Value (Note 1)
Comtech Telecommunications Corp. (a)	1,300		$ 18,281
Comverse Technology, Inc. (a)	11,279		845,220
Conolog Corp. (a)	5,600		5,250
Copper Mountain Networks, Inc. (a)	4,100		16,784
Corning, Inc.	65,290		1,769,359
Corvis Corp.	22,900		239,019
Cosine Communications, Inc.	7,000		63,438
Cylink Corp. (a)	100		225
DAOU Systems, Inc. (a)	200		91
Data Race, Inc. (a)	6,800		6,800
Datron Systems, Inc. (a)	1,400		17,500
Davox Corp. (a)	3,700		38,156
Digi International, Inc. (a)	3,800		22,563
Digital Lightwave, Inc. (a)	3,071		84,261
Ditech Communications Corp. (a)	1,600		14,350
DMC Stratex Networks, Inc. (a)	5,115		46,674
Echelon Corp. (a)	2,900		48,031
Efficient Networks, Inc. (a)	3,800		87,875
Elastic Networks, Inc.	3,700		12,950
Elcotel, Inc. (a)	5,900		708
eLOT, Inc. (a)	10,600		4,969
Emulex Corp. (a)	5,000		154,063
Entrada Networks, Inc. (a)	150		300
eOn Communications Corp.	620		853
Extended Systems, Inc. (a)	500		7,500
Extreme Networks, Inc. (a)	7,800		176,353
Ezenia!, Inc. (a)	200		325
Finisar Corp. (a)	13,200		155,925
First Virtual Communications, Inc.	1,000		1,406
Foundry Networks, Inc. (a)	13,000		149,500
Gadzoox Networks, Inc. (a)	5,600		19,950
General Datacomm Industries, Inc. (a)	100		67
Glenayre Technologies, Inc. (a)	7,200		24,525
Globecomm Systems, Inc. (a)	3,000		29,250
Harmonic, Inc. (a)	2,622		19,173
Harris Corp.	3,500		87,885
Illinois Superconductor Corp. (a)	1,800		3,544
Inrange Technologies Corp. Class B (a)	600		8,550
Inter-Tel, Inc.	1,900		18,406
InterDigital Communication Corp. (a)	5,300		44,719
Ixia (a)	3,700		85,100
JDS Uniphase Corp. (a)	91,834		2,456,560
Juniper Networks, Inc. (a)	22,300		1,439,744
L-3 Communications Holdings, Inc. (a)	1,900		155,762
LightPath Technologies, Inc. (a)	1,500		23,531
Loral Space & Communications Ltd. (a)	38,800		143,948
Lucent Technologies, Inc.	238,607		2,765,455
Luminent, Inc.	18,500		101,750
McDATA Corp.:
Class A (a)	5,798		103,639
Class B	1,900		37,881
MCK Communications, Inc. (a)	2,200		7,494
Metawave Communications Corp.	3,800		42,038
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Motorola, Inc.	154,936		$ 2,350,379
MRV Communications, Inc. (a)	5,100		62,794
Natural MicroSystems Corp.	2,800		24,150
Netro Corp. (a)	3,800		24,938
NetSolve, Inc. (a)	1,900		12,469
Network Engines, Inc.	2,300		3,809
Network Equipment Technologies, Inc. (a)	3,600		17,280
Network Peripherals, Inc. (a)	3,300		21,656
New Focus, Inc.	4,300		93,256
Next Level Communications, Inc. (a)	5,300		46,541
NumereX Corp. Class A (a)	2,600		19,013
Nx Networks, Inc. (a)	600		956
ONI Systems Corp.	8,800		295,900
Oplink Communications, Inc.	10,900		83,794
Optelecom, Inc. (a)	2,000		4,000
Optical Cable Corp. (a)	5,250		51,188
Optical Communication Products, Inc.	7,600		79,800
Osage Systems Group, Inc. (a)	4,400		836
P-Com, Inc. (a)	5,400		11,138
Packeteer, Inc. (a)	1,600		21,900
Paradyne Networks, Inc. (a)	3,300		7,941
PC-Tel, Inc. (a)	2,200		19,938
Performance Technologies, Inc. (a)	2,900		37,700
PictureTel Corp. (a)	2,200		6,875
Plantronics, Inc. (a)	3,400		89,930
Pliant Systems, Inc. (a)	3,800		3,876
Polycom, Inc. (a)	5,100		110,925
Powerwave Technologies, Inc. (a)	4,300		67,255
Proxim, Inc. (a)	1,800		32,850
QUALCOMM, Inc. (a)	53,500		2,932,469
Redback Networks, Inc. (a)	9,900		305,508
REMEC, Inc. (a)	4,100		35,619
Repeater Technologies, Inc. (a)	3,500		5,578
Riverstone Networks, Inc.	7,300		80,300
ROHN Industries, Inc. (a)	2,300		8,014
SBA Communications Corp. Class A (a)	2,800		92,400
Science Dynamics Corp. (a)	4,100		6,534
Scientific-Atlanta, Inc.	11,200		525,280
Somera Communications, Inc. (a)	2,800		25,900
Sonus Networks, Inc.	13,600		379,950
Sorrento Networks Corp.	600		7,800
SpectraLink Corp. (a)	3,900		43,144
Spectrasite Holdings, Inc. (a)	8,600		117,713
STM Wireless, Inc. Class A (a)	3,900		8,531
Stratos Lightwave, Inc.	4,200		34,650
Sunrise Telecom, Inc.	4,200		26,513
Superior Telecom, Inc.	515		2,292
Sycamore Networks, Inc. (a)	18,200		329,875
Symmetricom, Inc. (a)	3,000		42,984
Syntellect, Inc. (a)	3,900		12,188
Tekelec (a)	4,100		77,644

	Shares		Value (Note 1)
Tellabs, Inc. (a)	28,588		$ 1,245,365
Telscape International, Inc. (a)	3,600		3,713
Telular Corp. (a)	2,100		18,113
TeraForce Technology Corp. (a)	19,900		10,572
Terayon Communication Systems, Inc. (a)	4,700		25,997
Tidel Technologies, Inc. (a)	7,700		22,619
Tollgrade Communications, Inc. (a)	1,100		21,519
Triton Network Systems, Inc.	3,900		8,044
Turnstone Systems, Inc.	820		5,279
Tut Systems, Inc. (a)	1,100		5,053
Ursus Telecom Corp. (a)	1,300		3,250
UTStarcom, Inc.	700		13,825
Veramark Technologies, Inc. (a)	2,300		2,803
Verilink Corp. (a)	3,400		7,650
ViaSat, Inc. (a)	1,500		20,063
Video Network Communication, Inc. (a)	4,800		9,900
VTEL Corp. (a)	10,500		12,141
Wegener Corp. (a)	3,500		3,063
Westell Technologies, Inc. Class A (a)	2,870		13,319
WJ Communications, Inc. (a)	3,700		22,316
World Access, Inc. (a)	3,534		4,197
Xetel Corp. (a)	3,900		13,406
Xircom, Inc. (a)	2,100		51,581
			38,773,817
Computers & Peripherals - 3.9%
3Dfx Interactive, Inc. (a)	6,992		1,529
Advanced Digital Information Corp. (a)	7,700		115,500
Alpha Technologies Group, Inc. (a)	2,100		16,800
AlphaNet Solutions, Inc. (a)	400		650
Apple Computer, Inc. (a)	23,600		430,700
Aspeon, Inc. (a)	2,900		725
Astro-Med, Inc.	3,800		16,388
Auspex Systems, Inc. (a)	800		3,850
Avid Technology, Inc. (a)	6,800		114,325
Bitwise Designs, Inc. (a)	1,900		8,313
Compaq Computer Corp.	120,561		2,435,332
Concurrent Computer Corp. (a)	3,600		18,900
Crossroads Systems, Inc. (a)	7,900		62,213
Datalink Corp. (a)	2,200		18,425
Dataram Corp. (a)	3,250		35,547
Dell Computer Corp. (a)	184,900		4,044,688
Dot Hill Systems Corp. (a)	300		1,485
Electronics for Imaging, Inc. (a)	4,600		112,413
Emachines ltd.	8,100		3,291
EMC Corp.	157,550		6,264,188
Encad, Inc. (a)	300		675
Exabyte Corp. (a)	100		188
FOCUS Enhancements, Inc. (a)	5,500		5,844
Gateway, Inc. (a)	27,500		473,000
Handspring, Inc.	8,600		215,538
Hauppauge Digital, Inc. (a)	500		1,313
Hewlett-Packard Co.	142,407		4,108,442
Hutchinson Technology, Inc. (a)	5,200		81,250
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - continued
InFocus Corp. (a)	4,400		$ 89,375
Innovex, Inc. (a)	1,500		10,219
Intergraph Corp. (a)	1,500		10,781
International Business Machines Corp.	126,200		12,607,380
Interphase Corp. (a)	4,000		34,375
Iomega Corp. (a)	13,900		50,457
Isomet Corp. (a)	700		9,100
JNI Corp. (a)	1,600		18,700
Komag, Inc. (a)	2,591		3,320
Lexmark International, Inc. Class A (a)	8,200		426,400
Maxtor Corp. (a)	6,400		44,800
Media 100, Inc. (a)	2,700		6,413
Micron Electronics, Inc. (a)	10,400		38,025
Mitek Systems, Inc. (a)	3,800		4,750
MTI Technology Corp. (a)	3,200		9,000
NCR Corp. (a)	8,800		387,200
NeoMagic Corp. (a)	1,000		3,313
Neoware Systems, Inc. (a)	5,500		9,625
Network Appliance, Inc. (a)	21,800		648,550
Palm, Inc.	38,850		675,019
Presstek, Inc. (a)	1,500		18,094
Procom Technology, Inc. (a)	2,300		30,763
Quantum Corp. - DLT & Storage Systems Group (a)	8,326		104,658
Rainbow Technologies, Inc. (a)	5,100		32,831
Read-Rite Corp. (a)	4,300		33,191
SanDisk Corp. (a)	6,000		129,750
SBS Technologies, Inc. (a)	1,000		22,000
Scan-Optics, Inc. (a)	300		75
SCM Microsystems, Inc. (a)	600		9,450
Sigma Designs, Inc. (a)	4,000		6,000
Silicon Graphics, Inc.	29,400		136,122
Simple Technology, Inc.	7,700		24,544
Socket Communications, Inc. (a)	3,300		11,756
Storage Technology Corp. (a)	4,000		41,000
StorageNetworks, Inc.	4,800		70,800
Sun Microsystems, Inc. (a)	231,240		4,595,895
Syquest Technology, Inc. (a)	1,100		3
UniView Technologies Corp. (a)	6,600		5,156
Video Display Corp. (a)	1,200		8,719
ViewCast.com, Inc. (a)	13,700		14,128
Vixel Corp. (a)	6,600		16,500
Western Digital Corp. (a)	7,700		31,724
Xybernaut Corp. (a)	2,100		4,823
			39,026,296
Electronic Equipment & Instruments - 0.8%
Act Manufacturing, Inc. (a)	1,200		20,850
Advanced Photonix, Inc. Class A (a)	15,100		15,251
Aetrium, Inc. (a)	2,400		6,750
Agilent Technologies, Inc. (a)	31,870		1,147,320
American Technology Corp. (a)	900		3,009

	Shares		Value (Note 1)
Amphenol Corp. Class A (a)	2,100		$ 74,970
Analogic Corp.	400		15,975
Andersen Group, Inc. (a)	2,700		21,431
Andrea Electronics Corp. (a)	1,600		3,360
APA Optics, Inc. (a)	2,800		23,975
APW Ltd. (a)	2,700		77,058
Arrow Electronics, Inc. (a)	5,400		147,960
Avnet, Inc.	6,038		147,931
AVX Corp.	12,600		224,406
Barringer Technologies, Inc. (a)	1,500		14,438
BEI Technologies, Inc.	2,800		44,625
Bell Industries, Inc. (a)	7,200		21,600
Benthos, Inc. (a)	2,700		15,863
California Amplifier, Inc. (a)	1,100		6,531
CheckPoint Systems, Inc. (a)	1,600		14,480
Chromatics Color Sciences International, Inc. (a)	500		203
Chyron Corp. (a)	1,500		1,950
Cohu, Inc.	3,000		48,938
Craftmade International, Inc.	1,700		13,494
CyberOptics Corp. (a)	850		13,494
Datakey, Inc. (a)	3,600		10,913
Diebold, Inc.	6,800		188,700
Digital Video Systems, Inc. (a)	1,800		4,725
DSP Group, Inc. (a)	1,900		36,456
ePlus, Inc. (a)	1,200		13,875
Excel Technology, Inc. (a)	1,100		20,831
Fisher Scientific International, Inc. (a)	2,800		100,800
Flir Systems, Inc. (a)	4,200		29,400
Franklin Electric Co., Inc.	700		50,225
Frequency Electronics, Inc.	500		6,990
FuelCell Energy, Inc. (a)	1,100		51,631
GenRad, Inc. (a)	4,000		34,640
Gentner Communications Corp. (a)	1,700		21,675
Giga-Tronics, Inc. (a)	3,000		21,000
Harman International Industries, Inc.	2,000		59,800
Identix, Inc. (a)	200		1,620
IEC Electronics Corp. (a)	100		150
Ingram Micro, Inc. Class A (a)	4,200		57,960
Interlink Electronics, Inc. (a)	1,200		8,775
Interlogix, Inc. (a)	2,078		45,716
Intermagnetics General Corp.	932		20,047
Itron, Inc. (a)	4,500		34,172
Jabil Circuit, Inc. (a)	13,300		298,984
JMAR Industries, Inc. (a)	2,900		11,600
Keithley Instruments, Inc.	1,200		27,876
KEMET Corp. (a)	6,700		112,694
Kent Electronics Corp. (a)	2,000		32,000
Kopin Corp. (a)	4,300		30,369
Laser Corp. (a)	2,700		12,825
LeCroy Corp. (a)	1,700		35,700
Lifschultz Industries, Inc. (a)	1,200		19,050
LoJack Corp. (a)	3,600		25,650
LSI, Industries, Inc.	2,200		44,413
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Instruments - continued
Mackie Designs, Inc. (a)	1,400		$ 8,225
Maxwell Technologies, Inc. (a)	1,100		18,700
Mechanical Technology, Inc. (a)	4,800		21,900
Medicore, Inc. (a)	3,700		3,700
Merix Corp. (a)	1,450		18,125
Methode Electronics, Inc. Class A	2,900		45,131
Micronetics Wireless, Inc. (a)	1,800		9,000
Millipore Corp.	3,200		168,000
MOCON, Inc.	3,700		26,131
MTS Systems Corp.	4,100		34,594
Nanometrics, Inc. (a)	800		12,400
New Brunswick Scientific, Inc. (a)	3,000		12,000
Newport Corp.	2,300		112,413
NU Horizons Electronics Corp. (a)	6,300		64,575
Odetics, Inc. Class A	1,200		5,888
OSI Systems, Inc. (a)	3,000		12,750
OYO Geospace Corp. (a)	1,300		29,331
Packard BioScience Co.	4,400		47,300
Park Electrochemical Corp.	1,150		33,925
Parlex Corp. (a)	1,600		15,600
PCD, Inc. (a)	1,000		6,563
PerkinElmer, Inc.	3,500		256,270
Pioneer Standard Electronics, Inc.	1,500		18,375
Planar Systems, Inc. (a)	900		21,319
Research Frontiers, Inc. (a)	2,000		32,000
Richardson Electronics Ltd.	5,500		67,031
Robotic Vision Systems, Inc. (a)	3,500		9,625
Rofin Sinar Technologies, Inc. (a)	2,800		26,250
Rogers Corp. (a)	900		31,995
Sanmina Corp. (a)	20,992		625,824
Sawtek, Inc. (a)	2,000		33,000
ScanSource, Inc. (a)	1,800		73,659
SCI Systems, Inc. (a)	10,000		204,700
Scientific Technologies, Inc.	3,100		18,600
SED International Holdings, Inc. (a)	100		109
Sipex Corp. (a)	1,500		16,406
SL Industries, Inc.	2,500		36,875
Solectron Corp. (a)	44,336		1,208,156
Spectrian Corp. (a)	1,400		20,475
Spectrum Control, Inc. (a)	1,500		12,188
SRS Labs, Inc. (a)	2,700		9,281
Stanford Microdevices, Inc.	1,800		13,838
StockerYale, Inc. (a)	1,200		16,350
Super Vision International, Inc. Class A (a)	3,300		19,800
Superconductor Technologies, Inc. (a)	4,100		27,291
Sypris Solutions, Inc. (a)	3,100		19,375
Tech Data Corp. (a)	3,500		106,969
Tektronix, Inc.	6,700		165,423
Teledyne Technologies, Inc. (a)	2,100		27,426
Trimble Navigation Ltd. (a)	1,600		28,100

	Shares		Value (Note 1)
TrueTime, Inc. (a)	3,100		$ 8,234
Ultrak, Inc. (a)	3,700		14,800
Universal Display Corp. (a)	2,400		22,500
Varian, Inc. (a)	2,300		70,006
Veeco Instruments, Inc. (a)	1,100		41,456
Viasystems Group, Inc.	7,200		42,624
Waters Corp. (a)	8,300		546,638
Woodhead Industries, Inc.	1,900		33,488
X-Rite, Inc.	2,700		23,963
Zomax, Inc. (a)	4,900		25,725
Zygo Corp. (a)	1,200		25,050
			8,304,569
Internet Software & Services - 0.8%
24/7 Media, Inc. (a)	2,300		1,869
About.com, Inc. (a)	1,200		26,625
Accrue Software, Inc. (a)	2,400		2,400
AGENCY.COM Ltd. (a)	1,600		3,400
Akamai Technologies, Inc. (a)	7,278		123,271
Allaire Corp. (a)	3,000		26,344
Alloy Online, Inc. (a)	3,300		40,425
Allscripts Healthcare Solutions, Inc. (a)	2,200		12,650
America Online Latin America, Inc.	2,200		10,038
AppliedTheory Corp. (a)	800		1,000
Apropos Technology, Inc.	750		3,891
Ariba, Inc. (a)	17,200		283,800
ARIS Corp. (a)	700		1,225
Art Technology Group, Inc. (a)	4,400		106,975
Ashton Technology Group, Inc. (a)	4,700		5,581
Ask Jeeves, Inc. (a)	1,800		3,094
Audiohighway.com (a)	5,300		1,988
Autobytel.com, Inc. (a)	5,600		12,425
Autoweb.Com, Inc. (a)	5,000		1,719
Be Free, Inc. (a)	1,900		4,127
Blue Martini Software, Inc.	4,700		22,325
Braun Consulting, Inc. (a)	1,700		11,156
Breakaway Solutions, Inc. (a)	1,700		1,700
BroadVision, Inc. (a)	18,259		132,378
C-bridge Internet Solutions, Inc. (a)	700		2,188
CacheFlow, Inc. (a)	2,700		18,647
CAIS Internet, Inc. (a)	2,400		2,625
Calico Commerce, Inc. (a)	626		372
CenterSpan Communications Corp. (a)	1,300		17,956
Centra Software, Inc.	1,280		7,680
Chordiant Software, Inc.	1,910		6,028
Click Communication, Inc.	2,500		49,063
CMGI, Inc. (a)	21,108		85,751
CNET Networks, Inc. (a)	8,106		100,818
Commerce One, Inc. (a)	12,820		223,549
Communication Intelligence Corp. (a)	3,800		4,631
Corillian Corp.	500		5,000
Critical Path, Inc. (a)	4,158		11,370
Crosswalk.com, Inc. (a)	300		300
Crossworlds Software, Inc.	400		1,500
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
CUseeMe Networks, Inc. (a)	1,700		$ 2,019
Cybear Group (a)	804		251
Cybercash, Inc. (a)	7,800		5,850
CyberSource Corp. (a)	2,800		8,356
Data Return Corp. (a)	1,800		5,850
Deltathree.com, Inc. (a)	500		844
Digex, Inc. Class A (a)	1,700		30,706
Digital Impact, Inc. (a)	800		1,800
Digital Insight Corp. (a)	1,100		14,575
Digital Island, Inc. (a)	13,500		46,406
Digital Lighthouse Corp.	7,900		5,678
Digital River, Inc. (a)	6,800		39,525
DigitalThink, Inc.	1,920		16,560
Digitas, Inc.	3,500		19,250
Divine, Inc. Class A	7,600		14,250
Docent, Inc.	2,800		21,875
DoubleClick, Inc. (a)	8,652		116,261
drkoop.com, Inc. (a)	16,400		4,100
DSL.net, Inc. (a)	300		619
EarthLink, Inc. (a)	8,477		76,293
EarthWeb, Inc. (a)	3,200		15,400
ebenX, Inc. (a)	1,900		10,688
eCollege.com (a)	3,900		17,063
eGain Communications Corp. (a)	5,000		14,375
Egreetings Network, Inc. (a)	5,700		4,809
Elcom International, Inc. (a)	2,200		4,744
Eloquent, Inc.	930		930
eMagin Corp. (a)	3,800		12,844
eMerge Interactive, Inc. Class A	3,830		16,397
En Pointe Technologies, Inc. (a)	1,400		4,550
Entrade, Inc. (a)	1,600		2,720
Eprise Corp.	4,600		6,541
Equinix, Inc.	3,600		13,500
eSoft, Inc. (a)	4,500		8,156
EuroWeb International Corp. (a)	4,100		5,509
Evolve Software, Inc.	100		600
eXcelon Corp. (a)	1,500		4,688
Exodus Communications, Inc. (a)	39,300		574,763
Expedia, Inc. Class A (a)	2,300		35,938
F5 Networks, Inc. (a)	1,500		10,453
FiNet.com, Inc. (a)	359		449
FirePond, Inc.	1,900		4,750
FreeMarkets, Inc. (a)	2,300		42,263
Frontline Communications Corp. (a)	1,600		352
FTD.com, Inc. Class A (a)	9,300		24,703
Fusion Networks Holdings, Inc. (a)	2,910		637
Genuity, Inc. (a)	13,300		36,159
Global Sports, Inc. (a)	1,650		9,281
Globix Corp. (a)	1,900		7,363
GoAmerica, Inc. (a)	2,400		10,725
GoTo.com, Inc. (a)	3,500		26,469

	Shares		Value (Note 1)
HearMe (a)	3,800		$ 3,800
High Speed Access Corp. (a)	5,100		6,853
Hollywood Media Corp. (a)	1,200		4,725
Homeseekers.com, Inc. (a)	3,600		1,238
Homestore.com, Inc. (a)	5,000		149,375
Hotel Reservations Network, Inc.	2,640		74,910
HotJobs.com Ltd. (a)	1,200		6,150
IasiaWorks, Inc.	1,000		3,000
iBasis, Inc. (a)	2,400		10,650
iBeam Broadcasting Corp.	9,800		12,863
iGate Capital Corp. (a)	2,900		8,972
iManage, Inc. (a)	300		1,050
Infonautics, Inc. (a)	2,000		1,813
InfoSpace, Inc. (a)	19,740		75,259
Innodata Corp. (a)	4,600		46,000
Intelligroup, Inc.	2,300		3,163
InterCept Group, Inc. (a)	2,500		67,813
Interland, Inc.	800		1,600
Interliant, Inc. (a)	3,200		9,400
Internap Network Services Corp. (a)	8,700		32,625
Internet America, Inc. (a)	4,200		3,544
Internet Capital Group, Inc. (a)	19,400		74,569
Internet Commerce Corp. (a)	600		2,250
Internet Pictures Corp. (a)	2,959		1,757
Internet Security Systems, Inc. (a)	2,600		144,950
Internet.com Corp. (a)	1,200		8,175
InterWorld Corp. (a)	2,500		1,250
Interwoven, Inc. (a)	6,600		109,313
IntraNet Solutions, Inc. (a)	1,500		38,438
Intraware, Inc. (a)	1,200		2,475
ION Networks, Inc. (a)	2,400		3,300
ITXC Corp. (a)	1,400		8,400
iVillage, Inc. (a)	6,100		8,292
iXL Enterprises, Inc. (a)	4,300		5,375
j2 Global Communications, Inc. (a)	245		658
Juno Online Services, Inc. (a)	5,300		7,784
Jupiter Media Metrix, Inc. (a)	4,711		23,261
Kana Communications, Inc. (a)	6,028		18,461
Keynote Systems, Inc. (a)	1,600		20,600
Landacorp, Inc.	3,900		9,628
Lante Corp.	2,060		3,734
Launch Media, Inc. (a)	2,600		2,925
Learn2.com, Inc. (a)	2,100		853
LendingTree, Inc.	4,950		18,563
Liquid Audio, Inc.	4,100		12,300
Litronic, Inc. (a)	2,900		14,500
Log On America, Inc. (a)	2,300		2,731
LookSmart Ltd. (a)	5,400		10,800
Loudeye Technologies, Inc.	2,000		2,688
Mail.com, Inc. Class A (a)	1,700		1,966
Marimba, Inc. (a)	2,500		13,516
Marketwatch.com, Inc. (a)	200		1,000
MatrixOne, Inc.	2,600		63,213
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
McAfee.com Corp. (a)	2,300		$ 18,616
Mediaplex, Inc. (a)	1,500		1,406
MedicaLogic/Medscape, Inc. (a)	3,300		8,456
MessageMedia, Inc. (a)	5,700		5,344
Modem Media, Inc. Class A (a)	4,300		18,813
Multex.com, Inc. (a)	2,900		56,188
MyPoints.com, Inc. (a)	2,832		3,098
National Information Consortium, Inc. (a)	3,500		10,609
Navidec, Inc. (a)	3,100		11,334
NaviSite, Inc. (a)	3,500		6,672
Net Perceptions, Inc.	1,600		3,250
Net.Genesis Corp.	300		994
Net2Phone, Inc. (a)	1,100		11,275
NetCurrents, Inc. (a)	10,100		5,366
Netegrity, Inc. (a)	1,800		79,875
Netergy Networks, Inc. (a)	1,000		1,813
NetObjects, Inc. (a)	3,300		2,269
Netopia, Inc. (a)	1,000		5,531
Netpliance, Inc.	3,400		1,488
NetRatings, Inc. (a)	2,200		26,675
NetZero, Inc. (a)	6,300		5,513
New Frontier Media, Inc. (a)	5,000		13,750
Niku Corp.	4,300		26,069
NorthPoint Communication Holdings, Inc. (a)	7,200		1,440
NQL, Inc. (a)	5,500		11,516
ObjectSoft Corp. (a)	4,383		959
OneSource Information Services, Inc. (a)	3,500		32,813
Open Market, Inc. (a)	6,000		13,687
Openwave Systems, Inc.	11,214		413,166
Optio Software, Inc. (a)	3,000		3,563
Organic, Inc.	4,730		3,252
OTG Software, Inc.	1,400		14,963
Persistence Software, Inc. (a)	700		2,078
Plastic Surgery Co. (a)	300		1,350
Preview Systems, Inc. (a)	700		2,056
Primus Knowledge Solutions, Inc. (a)	800		4,800
Prodigy Communications Corp. Class A (a)	3,520		10,340
Promotions.com, Inc. (a)	2,400		938
Proxicom, Inc. (a)	3,500		17,938
PSINet, Inc. (a)	13,476		17,266
PurchasePro.com, Inc. (a)	7,700		87,106
quepasa.com, Inc. (a)	4,600		621
Quintus Corp. (a)	1,765		124
Quokka Sports, Inc. (a)	1,200		188
Rare Medium Group, Inc. (a)	3,500		7,000
RealNetworks, Inc. (a)	10,400		74,750
Register.com, Inc.	500		3,125
Retek, Inc. (a)	3,091		68,582
Rhythms NetConnections, Inc. (a)	5,400		5,231

	Shares		Value (Note 1)
RoweCom, Inc. (a)	4,000		$ 2,375
S1 Corp. (a)	3,195		22,565
Saba Software, Inc.	2,400		21,000
Salon.com, Inc. (a)	5,500		3,438
ScreamingMedia, Inc.	200		475
SeeBeyond Technology Corp.	3,000		52,125
Selectica, Inc.	2,000		16,438
Sequoia Software Corp.	5,000		16,250
Seranova, Inc. (a)	2,300		5,606
SilverStream Software, Inc. (a)	1,300		15,438
SkillSoft Corp.	2,290		37,499
SmartServ Online, Inc. (a)	900		6,806
SoftNet Systems, Inc. (a)	2,400		3,450
SonicWALL, Inc. (a)	3,400		41,438
SpeedUs.com (a)	6,200		7,169
Sportsline.com, Inc. (a)	1,000		6,125
StarMedia Network, Inc. (a)	3,600		10,800
Support.com, Inc.	2,300		22,641
Switchboard, Inc.	2,900		15,769
Telescan, Inc. (a)	1,100		1,100
The Cobalt Group, Inc. (a)	2,800		8,050
The Sedona Corp. (a)	6,100		7,625
The viaLink Co. (a)	2,400		6,600
theglobe.com, Inc. (a)	6,400		2,000
TheStreet.com, Inc. (a)	3,600		10,800
Track Data Corp. (a)	8,200		7,175
Travelocity.com, Inc. (a)	1,300		28,925
Tumbleweed Communications Corp. (a)	1,858		6,909
U.S. Interactive, Inc. (a)	1,900		1,069
Universal Access, Inc.	6,100		44,225
USinternetworking, Inc. (a)	5,875		12,484
USSEARCH.com, Inc. (a)	4,700		2,938
ValueClick, Inc.	900		3,938
Ventro Corp. (a)	3,200		4,000
VeriSign, Inc. (a)	13,582		647,692
VerticalNet, Inc. (a)	5,300		16,728
Via Net.Works, Inc.	2,930		16,848
Viant Corp. (a)	3,300		10,106
Vicinity Corp.	1,410		3,525
Vignette Corp. (a)	14,986		92,258
Virage, Inc.	500		2,000
VirtualFund.com, Inc. (a)	4,800		2,850
Visual Data Corp. (a)	3,100		6,878
VitaminShoppe.com, Inc. Class A (a)	5,100		4,941
Vitria Technology, Inc. (a)	8,500		39,844
WatchGuard Technologies, Inc. (a)	1,900		22,563
Wavo Corp. (a)	1,300		52
Web Street, Inc. (a)	4,400		4,263
Webb Interactive Services, Inc.	4,300		12,900
WebEx Communications, Inc.	2,500		27,969
WebMD Corp. (a)	24,918		237,500
webMethods, Inc.	3,251		139,793
WebTrends Corp. (a)	1,500		22,688
WorldGate Communications, Inc. (a)	1,300		7,963
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Worldwide Xceed Group, Inc. (a)	1,800		$ 281
XCare.net, Inc.	840		5,723
Yahoo!, Inc. (a)	39,034		929,497
ZeroPlus.com, Inc. (a)	3,700		2,775
ZixIt Corp. (a)	900		7,397
			7,742,834
IT Consulting & Services - 0.6%
Acxiom Corp. (a)	6,100		170,038
Affiliated Computer Services, Inc. Class A (a)	3,100		194,959
Alternative Resources Corp. (a)	700		634
American Management Systems, Inc. (a)	4,700		103,988
AnswerThink, Inc. (a)	1,940		12,974
Aztec Technology Partners, Inc. (a)	6,500		1,016
Bell & Howell Co. (a)	3,700		84,915
CACI International, Inc. Class A (a)	700		19,075
Cambridge Technology Partners, Inc. (a)	4,900		15,772
Ceridian Corp. (a)	9,200		186,116
Ciber, Inc. (a)	4,200		27,678
Cognizant Technology Solutions Corp. Class A (a)	1,200		50,400
Complete Business Solutions, Inc. (a)	1,255		12,472
Computer Horizons Corp. (a)	5,300		19,875
Computer Sciences Corp. (a)	11,199		668,692
CSP, Inc.	3,600		14,625
Data Dimensions, Inc. (a)	200		94
ECCS, Inc. (a)	2,600		1,463
Electronic Data Systems Corp.	34,500		2,202,135
eLoyalty Corp.	3,850		13,234
Forrester Research, Inc. (a)	1,200		46,875
Gartner, Inc. Class B (a)	4,400		35,640
GRIC Communications, Inc. (a)	2,000		3,875
Inforte Corp.	640		5,560
Investment Technology Group, Inc. (a)	2,276		117,214
Keane, Inc. (a)	3,900		58,578
KPMG Consulting, Inc.	15,000		345,938
Lionbridge Technologies, Inc. (a)	3,100		18,600
Manhattan Associates, Inc. (a)	1,200		34,575
marchFIRST, Inc. (a)	23,124		32,518
MedCom USA, Inc. (a)	10,900		4,769
Meta Group, Inc. (a)	2,450		11,025
Netguru, Inc. (a)	1,800		6,638
Netplex Group, Inc. (a)	3,700		578
Network Access Solutions Corp. (a)	3,800		4,394
New Horizons Worldwide, Inc. (a)	900		13,331
Perot Systems Corp. Class A (a)	4,600		58,880
Pfsweb, Inc. (a)	9,321		9,321
Pilot Network Services, Inc. (a)	4,300		6,181
PowerCerv Corp. (a)	6,000		2,063
Predictive Systems, Inc. (a)	200		575
Primix Solutions, Inc. (a)	3,500		6,891

	Shares		Value (Note 1)
Razorfish, Inc. Class A (a)	5,750		$ 6,648
Renaissance Worldwide, Inc. (a)	2,000		2,125
Safeguard Scientifics, Inc. (a)	7,700		55,363
Sapient Corp. (a)	7,300		93,988
Savvis Communications Corp.	4,980		5,447
Scient Corp. (a)	4,800		14,100
Sema PLC sponsored ADR	2,209		35,068
StarTek, Inc. (a)	1,900		29,545
SunGard Data Systems, Inc. (a)	8,568		477,238
Superior Consultant Holdings Corp. (a)	1,300		5,200
Sykes Enterprises, Inc. (a)	6,100		28,022
Syntel, Inc. (a)	1,400		8,663
Technology Solutions, Inc.	8,550		27,253
TenFold Corp. (a)	400		800
The Management Network Group, Inc. (a)	1,200		13,650
Tier Technologies, Inc. Class B (a)	7,400		70,763
Titan Corp. (a)	2,974		73,458
TSR, Inc. (a)	100		406
Unisys Corp. (a)	19,200		314,496
Xpedior, Inc. (a)	2,600		1,788
Zamba Corp. (a)	3,700		9,828
			5,898,023
Office Electronics - 0.1%
IKON Office Solutions, Inc.	3,200		14,336
Symbol Technologies, Inc.	9,875		457,706
Xerox Corp.	54,800		330,992
Zebra Technologies Corp.:
Class A (a)	3,500		157,719
Class B	180		8,111
			968,864
Semiconductor Equipment & Products - 3.6%
Actel Corp. (a)	1,600		32,400
Adaptec, Inc. (a)	5,400		59,063
ADE Corp. (a)	800		10,463
Advanced Micro Devices, Inc. (a)	22,000		473,000
Advanced Power Technology, Inc.	2,300		28,175
AEHR Test Systems (a)	3,600		14,400
Alliance Semiconductor Corp. (a)	2,900		35,706
Alpha Industries, Inc. (a)	5,200		83,850
Altera Corp. (a)	26,400		610,500
Amkor Technology, Inc. (a)	8,800		143,550
Amtech Systems, Inc. (a)	3,500		24,500
Analog Devices, Inc. (a)	24,700		921,310
Applied Materials, Inc. (a)	57,257		2,419,108
Applied Micro Circuits Corp. (a)	20,546		549,606
Atmel Corp. (a)	33,200		348,600
ATMI, Inc. (a)	3,100		52,119
August Technology Corp.	2,100		24,938
Axcelis Technologies, Inc.	12,413		114,432
AXT, Inc. (a)	1,000		22,563
Blue Wave Systems, Inc. (a)	3,800		25,650
Broadcom Corp. Class A (a)	16,400		807,700
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Semiconductor Equipment & Products - continued
Brooks Automation, Inc. (a)	2,700		$ 93,150
C-Cube Microsystems, Inc. (a)	3,400		27,519
Cabot Microelectronics Corp.	1,690		102,351
California Micro Devices Corp. (a)	1,400		10,588
Celeritek, Inc. (a)	800		11,300
ChipPac, Inc.	4,500		18,000
Cirrus Logic, Inc. (a)	4,500		81,000
Conexant Systems, Inc. (a)	14,318		175,396
Credence Systems Corp. (a)	3,700		85,100
Cree, Inc. (a)	4,200		88,200
Cymer, Inc. (a)	4,400		94,050
Cypress Semiconductor Corp.	7,200		140,976
Dallas Semiconductor Corp.	4,500		125,550
Dense-Pac Microsystems, Inc (a)	5,400		10,800
Dupont Photomasks, Inc. (a)	2,100		138,469
Elantec Semiconductor, Inc. (a)	1,400		27,738
Electroglas, Inc. (a)	5,100		74,906
EMCORE Corp. (a)	2,300		59,656
Entegris, Inc.	500		3,969
ESS Technology, Inc. (a)	1,300		8,775
Exar Corp. (a)	4,200		79,800
Fairchild Semiconductor International, Inc. Class A (a)	3,800		55,822
FEI Co. (a)	1,500		33,797
FSI International, Inc. (a)	4,200		34,388
General Semiconductor, Inc. (a)	6,700		59,965
GlobeSpan, Inc. (a)	4,900		98,000
Helix Technology, Inc.	2,700		64,125
Hi/fn, Inc. (a)	2,425		35,617
Ibis Technology Corp. (a)	2,000		50,000
Insilicon Corp.	4,700		24,381
Integrated Circuit Systems, Inc.	2,200		35,475
Integrated Device Technology, Inc. (a)	10,200		295,163
Integrated Silicon Solution (a)	1,800		24,075
Integrated Telecom Express, Inc.	2,900		7,522
Intel Corp.	485,278		13,860,753
International Rectifier Corp. (a)	3,200		105,600
Intersil Holding Corp. Class A	2,855		52,818
Intest Corp. (a)	2,800		19,075
IXYS Corp. (a)	3,700		47,175
KLA-Tencor Corp. (a)	13,200		471,900
Kulicke & Soffa Industries, Inc. (a)	3,400		39,100
LAM Research Corp. (a)	6,900		148,350
Lattice Semiconductor Corp. (a)	5,200		96,200
Linear Technology Corp.	21,400		847,975
LSI Logic Corp. (a)	20,614		332,092
LTX Corp. (a)	3,300		45,994
Mattson Technology, Inc. (a)	4,900		64,313
Maxim Integrated Products, Inc. (a)	19,300		890,213
MEMC Electronic Materials, Inc. (a)	1,600		13,120
Micrel, Inc. (a)	5,700		160,313

	Shares		Value (Note 1)
Micro Component Technology, Inc. (a)	4,500		$ 15,469
Micro Linear Corp. (a)	100		297
Microchip Technology, Inc. (a)	9,974		238,129
Micron Technology, Inc. (a)	39,400		1,348,268
Microsemi Corp. (a)	3,400		95,625
Microtune, Inc.	2,600		25,513
MIPS Technologies, Inc. Class A (a)	2,600		85,963
MKS Instruments, Inc. (a)	4,944		86,520
National Semiconductor Corp. (a)	11,000		224,620
NETsilicon, Inc. (a)	2,600		12,838
Novellus Systems, Inc. (a)	8,764		338,510
Oak Technology, Inc. (a)	2,200		11,206
Omnivision Technologies, Inc.	3,800		15,200
Pericom Semiconductor Corp. (a)	4,500		54,000
Photon Dynamics, Inc. (a)	800		19,900
Photronics, Inc. (a)	2,995		94,343
Pixelworks, Inc.	4,500		63,281
PLX Technology, Inc. (a)	3,200		20,400
Power Integrations, Inc. (a)	4,600		72,738
PRI Automation, Inc. (a)	1,700		33,256
QLogic Corp. (a)	6,133		229,221
Quantum Corp. - Hard Disk Drive Group (a)	9,313		97,787
Rambus, Inc. (a)	6,000		228,750
Ramtron International Corp. (a)	4,700		27,319
Reliability, Inc. (a)	100		400
RF Micro Devices, Inc. (a)	9,500		105,688
Rudolph Technologies, Inc. (a)	1,100		39,463
Sage, Inc. (a)	1,500		10,359
Satcon Technology Corp. (a)	1,200		12,900
Semitool, Inc. (a)	4,700		47,881
Semtech Corp. (a)	4,600		115,288
Sensar Corp. (a)	1,300		1,300
Silicon Image, Inc. (a)	1,400		5,425
Silicon Laboratories, Inc.	2,000		32,500
Silicon Storage Technology, Inc. (a)	4,400		44,000
Silicon Valley Group, Inc. (a)	1,100		29,356
Siliconix, Inc. (a)	2,400		74,475
SONICblue, Inc. (a)	4,328		27,591
Spectra Physics Lasers, Inc. (a)	1,700		32,300
SpeedFam-IPEC, Inc. (a)	1,542		11,758
Standard Microsystems Corp. (a)	500		7,844
Tegal Corp. (a)	6,100		18,491
Teradyne, Inc. (a)	12,300		384,129
Texas Instruments, Inc.	123,258		3,642,274
Therma-Wave, Inc.	2,500		27,344
Three-Five Systems, Inc. (a)	1,500		25,695
Transmeta Corp.	9,100		185,413
Transwitch Corp. (a)	4,950		99,309
Trident Microsystems, Inc. (a)	500		2,750
Trio-Tech International (a)	3,600		14,220
TriQuint Semiconductor, Inc. (a)	5,600		101,850
TTM Technologies, Inc.	2,625		18,375
Tvia, Inc.	6,300		13,388
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Semiconductor Equipment & Products - continued
Ultratech Stepper, Inc. (a)	1,500		$ 36,469
Varian Semiconductor Equipment Associates, Inc. (a)	2,200		62,013
Virata Corp. (a)	3,100		31,388
Vitesse Semiconductor Corp. (a)	12,800		504,800
Xicor, Inc. (a)	8,000		30,500
Xilinx, Inc. (a)	23,400		909,675
Zoran Corp. (a)	1,000		14,813
			36,432,824
Software - 4.9%
Acclaim Entertainment, Inc. (a)	18,500		23,703
ActionPoint, Inc. (a)	2,000		7,250
Activision, Inc. (a)	4,400		100,925
Actuate Software Corp. (a)	2,900		35,163
Adam.com, Inc. (a)	1,800		3,825
Adept Technology, Inc. (a)	2,500		38,125
Adobe Systems, Inc.	17,100		496,969
Advantage Learning Systems, Inc. (a)	1,000		29,625
Advent Software, Inc. (a)	3,500		134,750
Agile Software Corp. (a)	2,800		61,075
ALPNET, Inc. (a)	8,200		6,663
American Software, Inc. Class A (a)	3,700		6,706
Analytical Surveys, Inc. (a)	200		194
Ansoft Corp. (a)	500		5,281
Ansys, Inc. (a)	9,000		99,000
Applied Digital Solutions, Inc. (a)	10,900		18,734
Applix, Inc. (a)	2,600		10,075
AremisSoft Corp. (a)	5,800		143,550
ARI Network Services, Inc. (a)	2,800		3,150
Artisoft, Inc. (a)	3,200		10,200
Aspen Technology, Inc. (a)	2,800		72,975
Autodesk, Inc.	2,400		91,500
Avant! Corp. (a)	6,900		126,788
AvantGo, Inc.	5,700		29,213
AVT Corp. (a)	7,200		37,125
Barra, Inc. (a)	2,950		129,431
Base Ten Systems, Inc. Class A (a)	40		4
BEA Systems, Inc. (a)	16,900		648,538
BindView Development Corp. (a)	4,100		27,675
Bitstream, Inc. Class A (a)	10,300		19,313
Black Box Corp. (a)	1,400		57,575
BMC Software, Inc. (a)	17,045		513,481
Borland Software Corp. (a)	2,800		22,575
Bottomline Technologies, Inc. (a)	1,400		14,219
Brio Technology, Inc. (a)	5,000		39,219
Broadbase Software, Inc. (a)	3,200		11,200
BSQUARE Corp. (a)	1,200		11,400
Cadence Design Systems, Inc. (a)	15,752		399,313
Caldera Systems, Inc.	2,200		4,469
CAM Commerce Solutions, Inc. (a)	2,300		9,200
Caminus Corp.	100		2,200

	Shares		Value (Note 1)
Catapult Communications Corp. (a)	1,500		$ 25,313
CE Computer Equipment AG sponsored ADR (a)	1,996		15,220
Centura Software Corp. (a)	1,900		2,672
Cerner Corp. (a)	3,600		184,275
Citrix Systems, Inc. (a)	16,600		431,600
Clarus Corp. (a)	1,000		7,000
Command Systems, Inc. (a)	1,300		6,419
Computer Associates International, Inc.	40,256		1,255,585
Compuware Corp. (a)	30,400		313,500
Concero, Inc. (a)	1,700		4,144
Concord Communications, Inc. (a)	1,200		14,700
Concur Technologies, Inc. (a)	3,000		3,094
Convera Corp. Class A (a)	400		4,700
Corio, Inc.	7,600		20,425
Cornerstone Internet Solutions Co. (a)	4,900		306
Cray, Inc. (a)	16,500		38,156
Data Critical Corp. (a)	4,100		11,019
Datastream Systems, Inc. (a)	2,700		27,506
Datatec Systems, Inc. (a)	5,100		8,766
Datawatch Corp. (a)	5,100		4,144
Dendrite International, Inc. (a)	3,850		68,578
Direct Insite Corp.	600		150
DocuCorp International, Inc. (a)	20		63
Documentum, Inc. (a)	3,200		68,400
DST Systems, Inc. (a)	8,720		531,920
E.piphany, Inc. (a)	4,800		80,700
EBT International, Inc. (a)	3,100		7,750
Eclipsys Corp. (a)	3,105		65,593
Ecometry Corp. (a)	2,900		4,894
Electronic Arts, Inc. (a)	8,300		415,000
Embarcadero Technologies, Inc.	1,200		34,800
Enlighten Software Solutions, Inc. (a)	3,900		2,316
Entrust Technologies, Inc. (a)	3,200		25,700
Envision Development Corp. (a)	200		20
Epicor Software Corp. (a)	438		862
ePresence, Inc. (a)	600		4,425
ESPS, Inc. (a)	4,000		10,500
Exchange Applications, Inc. (a)	3,300		7,528
Fair, Isaac & Co., Inc.	600		37,080
FileNET Corp. (a)	1,300		28,600
Fonix corp (a)	18,600		10,323
Fortel, Inc. (a)	9,900		3,713
General Magic, Inc. (a)	13,300		20,366
Geoworks Corp. (a)	1,000		2,125
Gerber Scientific, Inc.	3,800		26,638
GraphOn Corp. (a)	4,200		8,531
Great Plains Software, Inc. (a)	2,200		142,038
Health Management Systems, Inc. (a)	400		525
HealthCentral.com (a)	4,700		1,909
HNC Software, Inc.	1,200		27,975
Hyperion Solutions Corp. (a)	2,995		51,289
i2 Technologies, Inc. (a)	27,880		749,275
IDX Systems Corp. (a)	900		17,325
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Software - continued
ImaginOn, Inc. (a)	1,500		$ 98
Imation Corp. (a)	3,000		66,300
IMR Global Corp. (a)	950		6,027
Inet Technologies, Inc. (a)	2,900		43,681
InfoCure Corp. (a)	3,600		14,625
Infogrames, Inc. (a)	5,000		37,656
Informatica Corp. (a)	5,200		124,150
Information Architects Corp. (a)	1,700		3,188
Information Management Association, Inc. (a)	5,000		5
Informax, Inc.	3,300		33,000
Informix Corp. (a)	25,660		182,828
Inktomi Corp. (a)	7,800		88,238
Innoveda, Inc. (a)	1,600		6,200
insci-statements.com Corp. (a)	8,100		4,050
Integrated Measurement Systems, Inc. (a)	1,200		15,000
InteliData Technologies Corp. (a)	4,700		16,597
IntelliCorp, Inc. (a)	6,000		7,500
Interactive Intelligence, Inc. (a)	2,100		48,300
Intertrust Technologies Corp. (a)	4,700		18,653
InterVoice-Brite, Inc. (a)	2,387		20,290
Intrusion.com, Inc. (a)	3,600		15,750
Intuit, Inc. (a)	13,631		560,575
J.D. Edwards & Co. (a)	6,600		68,475
Jack Henry & Associates, Inc.	4,700		214,731
JDA Software Group, Inc. (a)	3,400		44,200
Kronos, Inc. (a)	2,900		92,981
Latitude Communications, Inc. (a)	2,400		7,575
LeadingSide, Inc. (a)	3,100		496
Legato Systems, Inc. (a)	8,500		108,375
Level 8 Systems, Inc. (a)	1,500		6,938
Liberate Technologies (a)	5,600		52,850
Lightbridge, Inc. (a)	4,152		49,305
Lightning Rod Software, Inc.	400		463
Lightspan, Inc.	2,380		5,132
Macromedia, Inc. (a)	3,500		102,594
Manugistics Group, Inc. (a)	5,100		158,100
Mapics, Inc. (a)	700		3,500
MapInfo Corp. (a)	3,825		106,383
Mentor Graphics Corp. (a)	9,200		225,400
Mercator Software, Inc. (a)	2,000		13,937
Mercury Interactive Corp. (a)	5,700		358,744
MetaSolv, Inc. (a)	1,300		22,100
Micromuse, Inc. (a)	5,500		225,844
MICROS Systems, Inc. (a)	1,800		32,288
Microsoft Corp. (a)	385,105		22,721,195
MicroStrategy, Inc. Class A (a)	1,700		15,247
Microware Systems Corp. (a)	5,400		4,219
Momentum Business Applications Inc Class A (a)	52		644
MyTurn.com, Inc. (a)	9,100		1,991

	Shares		Value (Note 1)
National Instrument Corp. (a)	3,150		$ 153,169
NEON Systems, Inc. (a)	900		6,103
NetIQ Corp. (a)	2,288		72,072
NetManage, Inc. (a)	8,100		10,125
Netsol International, Inc. (a)	100		400
NetSpeak Corp. (a)	3,000		4,313
Network-1 Security Solutions, Inc. (a)	2,100		6,563
Networks Associates, Inc. (a)	15,261		98,720
New Era of Networks, Inc. (a)	10,000		74,063
Novell, Inc. (a)	22,800		135,375
Nuance Communications, Inc.	2,100		48,300
Numerical Technologies, Inc.	1,000		15,438
NVIDIA Corp. (a)	3,900		174,281
NYFIX, Inc. (a)	900		22,275
ON Technology Corp. (a)	3,000		3,094
ONYX Software Corp. (a)	3,500		38,063
Opnet Technologies, Inc.	400		7,000
Optika, Inc. (a)	1,900		2,256
Oracle Corp. (a)	403,000		7,657,000
Parametric Technology Corp. (a)	23,500		312,844
Peerless Systems Corp. (a)	200		150
Pegasystems, Inc. (a)	100		459
PeopleSoft, Inc. (a)	19,440		626,940
Peregrine Systems, Inc. (a)	9,062		223,152
Peritus Software Services, Inc. (a)	900		72
Pervasive Software, Inc. (a)	6,100		9,150
Phoenix Technologies Ltd. (a)	3,000		52,125
Portal Software, Inc. (a)	11,100		79,434
Previo, Inc. (a)	25		75
Programmer's Paradise, Inc. (a)	1,200		4,425
Progress Software Corp. (a)	3,900		57,281
Pumatech, Inc. (a)	6,400		35,400
QRS Corp. (a)	1,450		12,869
Quadramed Corp. (a)	6,400		16,600
Quest Software, Inc. (a)	5,100		131,963
Radiant Systems, Inc. (a)	2,700		51,131
RadiSys Corp. (a)	2,200		48,400
Rational Software Corp. (a)	15,600		545,025
RAVISENT Technologies, Inc. (a)	4,600		10,063
Red Hat, Inc. (a)	9,800		63,088
Remedy Corp. (a)	2,200		53,488
Resonate, Inc.	1,900		7,363
Rogue Wave Software, Inc. (a)	4,600		20,125
RSA Security, Inc. (a)	2,200		104,500
SafeNet, Inc. (a)	400		18,250
Sagent Technology, Inc. (a)	6,300		18,900
Sanchez Computer Associates, Inc. (a)	1,300		12,838
Santa Cruz Operation, Inc. (a)	4,200		6,300
ScanSoft, Inc. (a)	8,533		9,066
SeaChange International, Inc. (a)	2,250		31,500
Secure Computing Corp. (a)	3,900		42,900
Segue Software, Inc. (a)	1,900		13,063
SERENA Software, Inc. (a)	2,100		35,831
Siebel Systems, Inc. (a)	30,080		1,150,560
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Software - continued
SignalSoft Corp.	1,600		$ 12,400
Smith Micro Software, Inc. (a)	5,400		9,788
Sonic Foundry, Inc. (a)	1,800		3,600
SpeechWorks International, Inc.	2,000		32,875
SPSS, Inc. (a)	1,731		35,269
StarBase Corp. (a)	4,100		13,325
Structural Dynamics Research Corp. (a)	5,800		76,850
Sybase, Inc. (a)	7,800		153,075
Symantec Corp. (a)	4,190		190,907
Synopsys, Inc. (a)	4,565		247,937
Systems & Computer Technology Corp. (a)	3,700		44,631
T-HQ, Inc. (a)	4,600		128,513
Take-Two Interactive Software, Inc. (a)	8,700		100,050
Talarian Corp.	5,200		18,200
TCSI Corp. (a)	8,200		10,250
TIBCO Software, Inc. (a)	15,400		207,900
Timberline Software Corp.	354		1,151
Transaction Systems Architects, Inc. Class A (a)	2,000		18,750
Ulticom, Inc.	2,900		71,413
Unicomp, Inc. (a)	4,800		2,700
V-One Corp. (a)	5,800		14,500
VA Linux Systems, Inc. (a)	2,807		11,754
VERITAS Software Corp. (a)	27,746		1,801,756
Verity, Inc. (a)	900		23,794
Versant Corp. (a)	3,200		8,200
Versata, Inc.	1,900		6,769
Vertel Corp. (a)	5,600		11,025
Viewpoint Corp. (a)	3,600		17,663
Visual Networks, Inc. (a)	6,000		22,500
Voxware, Inc. (a)	9,500		7,422
Walker Interactive Systems, Inc. (a)	4,500		6,469
Wave Systems Corp. Class A (a)	2,100		10,500
Wind River Systems, Inc. (a)	4,250		99,875
Witness Systems, Inc.	1,170		13,894
			50,063,894
TOTAL INFORMATION TECHNOLOGY			187,211,121
MATERIALS - 2.3%
Chemicals - 1.1%
A. Schulman, Inc.	2,300		27,744
Aceto Corp.	600		5,325
Air Products & Chemicals, Inc.	15,900		644,745
Airgas, Inc. (a)	5,100		41,361
Albemarle Corp.	3,240		77,274
American Pacific Corp. (a)	800		3,900
American Vanguard Corp.	400		4,640
Arch Chemicals, Inc.	1,600		31,920
Atlantis Plastics, Inc. Class A (a)	600		2,700

	Shares		Value (Note 1)
Balchem Corp.	500		$ 7,000
Cabot Corp.	4,600		157,734
Calgon Carbon Corp.	3,000		20,700
Cambrex Corp.	1,000		41,710
CFC International, Inc. (a)	600		2,700
ChemFirst, Inc.	1,200		30,000
Crompton Corp.	8,071		96,045
Cytec Industries, Inc. (a)	2,900		97,295
Dow Chemical Co.	61,743		2,025,788
E.I. du Pont de Nemours and Co.	76,585		3,345,999
Eastman Chemical Co.	5,300		272,685
Engelhard Corp.	8,900		212,977
Environmental Technologies Corp. (a)	700		678
Ethyl Corp.	400		644
Ferro Corp.	2,550		59,900
Flamemaster Corp.	400		2,075
FMC Corp. (a)	2,100		161,196
Georgia Gulf Corp.	2,300		39,836
Great Lakes Chemical Corp.	3,800		125,818
H.B. Fuller Co.	3,200		132,400
Hawkins Chemicals, Inc.	1,000		9,750
Hercules, Inc.	7,500		105,600
IMC Global, Inc.	8,000		110,000
International Flavors & Fragrances, Inc.	6,900		139,449
International Specialty Products, Inc. (a)	5,000		38,000
LESCO, Inc.	3,100		43,013
Lubrizol Corp.	3,700		119,399
Lyondell Chemical Co.	8,200		131,200
MacDermid, Inc.	2,200		41,404
Material Sciences Corp. (a)	1,300		11,440
Millennium Chemicals, Inc.	4,700		84,130
Minerals Technologies, Inc.	1,500		56,715
Monsanto Co.	2,500		80,000
NL Industries, Inc.	3,500		69,125
Olin Corp.	3,300		68,475
OM Group, Inc.	1,700		86,190
Omnova Solutions, Inc.	3,100		21,235
Penford Corp.	600		7,725
Plymouth Rubber, Inc. Class A (a)	500		3,150
PolyOne Corp.	7,500		64,500
PPG Industries, Inc.	13,900		710,290
Praxair, Inc.	10,800		481,680
Quaker Chemical Corp.	700		12,026
Raven Industries, Inc.	1,400		25,900
Rohm & Haas Co.	15,096		554,778
RPM, Inc.	7,425		68,459
Sigma-Aldrich Corp.	5,500		239,250
Solutia, Inc.	11,400		152,988
Southwall Technologies, Inc. (a)	800		2,200
Spartech Corp.	2,000		32,000
Stepan Co.	700		15,715
Summa Industries, Inc. (a)	500		4,469
Symyx Technologies, Inc. (a)	1,700		46,963
Terra Industries, Inc. (a)	400		1,376
Common Stocks - continued
	Shares		Value (Note 1)
MATERIALS - continued
Chemicals - continued
The Scotts Co. Class A (a)	2,000		$ 82,500
Triple S Plastics, Inc. (a)	300		3,488
Valhi, Inc.	8,100		84,969
Valspar Corp.	3,000		98,250
W.R. Grace & Co. (a)	4,800		9,696
WD-4O Co.	900		18,225
Zoltek Companies, Inc. (a)	800		4,150
			11,612,661
Construction Materials - 0.1%
Amcol International Corp.	400		1,420
Ameron International Corp.	300		13,863
Centex Construction Products, Inc.	800		23,480
Florida Rock Industries, Inc.	1,000		41,050
Huttig Building Products, Inc. (a)	1,077		5,170
Lafarge Corp.	4,300		131,150
Martin Marietta Materials, Inc.	5,300		243,535
Puerto Rican Cement Co., Inc.	100		2,845
Texas Industries, Inc.	1,100		31,042
U.S. Aggregates, Inc.	400		3,300
U.S. Concrete, Inc. (a)	100		650
Vulcan Materials Co.	7,000		296,310
			793,815
Containers & Packaging - 0.2%
AEP Industries, Inc. (a)	600		25,050
Alltrista Corp. (a)	500		6,875
Ball Corp.	2,200		91,080
Bemis Co., Inc.	3,200		108,864
Caraustar Industries, Inc.	900		8,100
Chesapeake Corp.	500		12,900
Crown Cork & Seal, Inc.	11,900		67,354
Greif Brothers Corp. Class A	900		24,300
Ivex Packaging Corp. (a)	1,600		20,800
Liqui-Box Corp.	400		16,100
Longview Fibre Co.	2,200		27,918
Myers Industries, Inc.	1,650		20,625
Owens-Illinois, Inc. (a)	9,800		76,930
Packaging Corp. of America	9,200		133,400
Pactiv Corp. (a)	15,700		211,165
Rock-Tenn Co. Class A	100		779
Sealed Air Corp. (a)	5,760		225,504
Smurfit-Stone Container Corp. (a)	22,698		327,702
Sonoco Products Co.	6,050		134,431
Temple-Inland, Inc.	4,500		214,155
Tuscarora Plastics, Inc.	800		17,100
			1,771,132
Metals & Mining - 0.5%
AK Steel Holding Corp.	8,163		77,793
Alcoa, Inc.	65,832		2,354,152
Allegheny Technologies, Inc.	9,514		168,588
Arch Coal, Inc.	1,919		45,192

	Shares		Value (Note 1)
Bethlehem Steel Corp. (a)	23,904		$ 54,262
Birmingham Steel Corp. (a)	1,100		1,595
Brush Engineered Materials, Inc.	100		2,105
Carbide/Graphite Group, Inc. (a)	5,000		6,875
Carpenter Technology Corp.	1,200		33,240
Century Aluminum Co.	500		6,844
Cleveland-Cliffs, Inc.	3,000		53,850
Coeur d'Alene Mines Corp. (a)	9,300		14,880
Commercial Metals Co.	600		15,342
Commonwealth Industries, Inc.	500		2,563
CONSOL Energy, Inc.	4,700		141,000
Echo Bay Mines Ltd. (a)	5,200		4,502
Freeport-McMoRan Copper & Gold, Inc. Class B (a)	14,500		203,725
Gibraltar Steel Corp.	100		1,469
Hecla Mining Co. (a)	18,300		17,934
Homestake Mining Co.	34,200		192,204
Kaiser Aluminum Corp. (a)	1,400		4,970
Massey Energy Corp.	10,100		198,364
Meridian Gold, Inc. (a)	10,000		69,657
National Steel Corp. Class B	1,800		3,600
Newmont Mining Corp.	16,703		281,446
NS Group, Inc. (a)	800		8,552
Nucor Corp.	5,800		256,360
Oregon Steel Mills, Inc.	700		2,786
Phelps Dodge Corp.	5,072		233,312
Pitt-Des Moines, Inc.	100		2,750
Quanex Corp.	400		7,200
RTI International Metals, Inc. (a)	600		9,660
Ryerson Tull, Inc.	711		7,380
Shaw Group (a)	2,700		135,837
Steel Dynamics, Inc. (a)	2,300		28,606
Stillwater Mining Co. (a)	2,200		73,238
Synalloy Corp.	700		3,719
Titanium Metals Corp. (a)	4,100		34,891
Tremont Corp.	200		6,700
UCAR International, Inc. (a)	4,700		61,100
USEC, Inc.	15,100		95,130
USX - U.S. Steel Group	8,700		132,588
WHX Corp. (a)	500		790
Wolverine Tube, Inc. (a)	200		2,582
Worthington Industries, Inc.	11,700		115,245
			5,174,578
Paper & Forest Products - 0.4%
Boise Cascade Corp.	5,500		176,440
Bowater, Inc.	4,100		206,353
Buckeye Technologies, Inc. (a)	1,700		20,944
Georgia-Pacific Group	14,875		446,399
Georgia-Pacific Group - Timber Group	5,200		164,996
International Paper Co.	32,772		1,234,194
Louisiana-Pacific Corp.	10,600		112,148
Mead Corp.	6,400		175,296
P.H. Glatfelter Co.	1,300		15,587
Common Stocks - continued
	Shares		Value (Note 1)
MATERIALS - continued
Paper & Forest Products - continued
Plum Creek Timber Co., Inc.	4,900		$ 127,057
Pope & Talbot, Inc.	200		2,770
Potlatch Corp.	1,500		48,150
Rayonier, Inc.	1,500		63,060
Wausau-Mosinee Paper Corp.	1,800		20,412
Westvaco Corp.	6,300		165,123
Weyerhaeuser Co.	18,000		967,320
Willamette Industries, Inc.	7,100		330,008
			4,276,257
TOTAL MATERIALS			23,628,443
TELECOMMUNICATION SERVICES - 5.5%
Diversified Telecommunication Services - 4.8%
Adelphia Business Solution, Inc. Class A (a)	900		5,259
Alaska Communication Systems Group, Inc. (a)	4,500		30,656
Allegiance Telecom, Inc. (a)	7,100		143,775
Allied Riser Communications Corp. (a)	1,300		3,128
ALLTEL Corp.	21,765		1,168,781
Arguss Communications, Inc. (a)	2,000		14,960
At Home Corp. Series A (a)	22,600		131,363
AT&T Corp.	267,781		6,158,963
AT&T Latin America Corp. (a)	1,000		3,094
BellSouth Corp.	137,800		5,782,088
BroadWing, Inc. (a)	14,398		338,641
C-Phone Corp. (a)	500		35
CenturyTel, Inc.	10,675		307,654
Choice One Communications, Inc.	1,740		14,681
Citizens Communications Co. (a)	28,225		436,359
Commonwealth Telephone Enterprises, Inc. (a)	1,100		37,400
Covad Communications Group, Inc. (a)	18,825		33,532
CT Communications, Inc.	600		9,450
CTC Communications Group, Inc. (a)	3,000		24,750
Cypress Communications, Inc.	2,520		2,441
DSET Corp. (a)	3,500		8,531
e.spire Communications, Inc. (a)	10,400		6,825
eGlobe, Inc. (a)	1,148		86
Electric Lightwave, Inc. Class A (a)	200		763
eShare Technologies, Inc. (a)	2,500		2,656
Fibernet Telecom Group, Inc. (a)	900		3,656
Focal Communications Corp. (a)	3,900		49,969
General Communications, Inc. Class A (a)	1,600		12,900
Global TeleSystems, Inc. (a)	10,600		12,932
HickoryTech Corp.	300		5,100
I-Link Corp. (a)	9,000		6,750
IDT Corp. (a)	1,500		33,750
Illuminet Holdings, Inc. (a)	1,700		43,988
Infonet Services Corp. Class B (a)	19,900		104,873

	Shares		Value (Note 1)
Intermedia Communications, Inc. (a)	5,000		$ 79,063
ITC DeltaCom, Inc.	5,400		37,631
Level 3 Communications, Inc. (a)	25,700		650,531
Lexent, Inc.	2,800		19,600
McLeodUSA, Inc. Class A (a)	46,084		604,853
Metromedia Fiber Network, Inc. Class A (a)	33,374		317,053
Mpower Communications Corp. (a)	2,850		12,469
NEON Communications, Inc. (a)	1,300		6,866
Net2000 Communications, Inc.	2,000		5,250
Network Plus Corp. (a)	2,100		9,056
NTELOS, Inc.	300		4,819
OpticNet, Inc. (a)	1,200		1
Pac-West Telecomm, Inc. (a)	1,090		4,667
Primus Telecommunications Group, Inc. (a)	1,261		3,744
PTEK Holdings, Inc. (a)	8,216		18,229
Quentra Networks, Inc. (a)	1,000		95
Qwest Communications International, Inc. (a)	117,635		4,348,966
RCN Corp.	5,200		48,100
SBC Communications, Inc.	246,665		11,765,921
Sprint Corp. - FON Group	69,200		1,547,312
STAR Telecommunications, Inc. (a)	7,505		1,876
TALK.com, Inc. (a)	6,400		9,400
Teligent, Inc. Class A (a)	5,000		7,188
Time Warner Telecom, Inc. Class A (a)	3,200		207,000
U.S. LEC Corp. Class A (a)	1,600		13,800
Verizon Communications	198,002		9,801,099
Viatel, Inc. (a)	15,191		30,382
Western Multiplex Corp. Class A	4,900		48,388
Williams Communications Group, Inc. (a)	4,000		49,840
WinStar Communications, Inc. (a)	7,400		93,425
WorldCom, Inc. (a)	205,325		3,413,528
WorldQuest Networks, Inc.	310		756
XETA Technologies, Inc. (a)	2,000		14,375
XO Communications, Inc. Class A (a)	18,073		268,836
			48,383,908
Wireless Telecommunication Services - 0.7%
Advanced Radio Telecom Corp. (a)	2,200		3,300
Aether Systems, Inc. (a)	3,600		92,700
AirGate PCS, Inc. (a)	1,800		79,425
Alamosa Holdings, Inc.	4,250		44,625
American Tower Corp. Class A (a)	12,200		353,068
Aquis Communication Group, Inc. (a)	6,500		1,235
Arch Wireless, Inc. (a)	10,800		9,450
At Road, Inc.	19,300		57,900
Boston Communications Group, Inc. (a)	3,300		21,966
Centennial Communications Corp. Class A (a)	6,600		128,288
Crown Castle International Corp. (a)	11,800		296,475
DDi Corp.	1,300		27,706
Dobson Communications Corp. Class A	6,450		119,728
EMS Technologies, Inc. (a)	2,000		31,125
Common Stocks - continued
	Shares		Value (Note 1)
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - continued
i3 Mobile, Inc.	4,300		$ 8,063
LCC International, Inc. (a)	2,300		20,700
Leap Wireless International, Inc. (a)	1,800		55,013
Metricom, Inc. (a)	5,300		24,181
Metro One Telecommunications, Inc. (a)	3,500		80,500
Metrocall, Inc. (a)	10,700		5,684
Motient Corp. (a)	2,200		8,113
Nextel Communications, Inc. Class A (a)	53,300		1,282,531
Nextel Partners, Inc. Class A	11,400		221,588
o2wireless Solutions, Inc.	3,000		16,688
OmniSky Corp.	18,565		47,283
PanAmSat Corp. (a)	1,100		42,075
PNV, Inc. (a)	700		70
Powertel, Inc. (a)	2,200		129,663
Price Communications Corp. (a)	5,165		95,294
Rural Cellular Corp. Class A (a)	2,000		75,750
Sprint Corp. - PCS Group Series 1 (a)	65,600		1,651,808
Telaxis Communications Corp.	2,440		3,813
TeleCorp PCS, Inc. Class A (a)	10,468		223,754
Telephone & Data Systems, Inc.	4,100		383,145
Triton PCS Holdings, Inc. Class A (a)	3,700		128,806
United States Cellular Corp. (a)	6,000		355,680
VoiceStream Wireless Corp. (a)	12,252		1,163,940
Vyyo, Inc.	3,400		26,138
WebLink Wireless, Inc. Class A (a)	5,400		3,375
Western Wireless Corp. Class A (a)	4,800		202,500
Wireless Facilities, Inc. (a)	2,900		39,150
Z-Tel Technologies, Inc. (a)	1,100		5,363
			7,567,659
TOTAL TELECOMMUNICATION SERVICES			55,951,567
UTILITIES - 3.9%
Electric Utilities - 2.6%
AES Corp. (a)	34,000		1,834,980
Allegheny Energy, Inc.	5,600		265,720
Allete	2,800		65,800
Alliant Energy Corp.	5,100		168,300
Ameren Corp.	12,500		527,125
American Electric Power Co., Inc.	26,400		1,255,056
Bangor Hydro-Electric Co.	200		5,164
Black Hills Corp.	400		15,748
Calpine Corp. (a)	18,200		809,718
Cinergy Corp.	14,600		476,398
CMS Energy Corp.	11,300		333,915
Conectiv, Inc.	6,650		148,295
Consolidated Edison, Inc.	20,400		752,148
Constellation Energy Corp.	8,400		358,680
Dominion Resources, Inc.	20,043		1,314,019
DPL, Inc.	7,969		228,710
DQE, Inc.	4,200		136,290

	Shares		Value (Note 1)
DTE Energy Co.	16,100		$ 584,591
Duke Energy Corp.	55,900		2,277,925
Edison International	32,700		487,230
Energy East Corp.	5,905		111,014
Entergy Corp.	15,700		609,631
Exelon Corp.	26,312		1,720,015
FirstEnergy Corp.	14,057		395,986
FPL Group, Inc.	16,000		1,040,800
GPU, Inc.	7,900		244,821
Hawaiian Electric Industries, Inc.	200		7,350
IDACORP, Inc.	3,800		139,840
IPALCO Enterprises, Inc.	7,200		173,520
Kansas City Power & Light Co.	1,700		44,387
Mirant Corp.	23,100		577,500
Montana Power Co.	5,100		92,055
Niagara Mohawk Holdings, Inc. (a)	7,200		123,696
Northeast Utilities	10,600		216,240
NRG Energy, Inc.	7,300		202,210
NSTAR Companies	2,234		90,812
OGE Energy Corp.	2,400		55,728
Orion Power Holdings, Inc.	11,600		289,420
PG&E Corp.	36,200		505,352
Pinnacle West Capital Corp.	6,700		311,215
Potomac Electric Power Co.	5,500		123,200
PPL Corp.	8,410		384,253
Progress Energy, Inc.	16,498		713,703
Progress Energy, Inc. warrants 12/31/07	5,800		2,610
Public Service Co. of New Mexico	6,200		159,216
Public Service Enterprise Group, Inc.	20,500		918,605
Puget Energy, Inc.	3,100		73,718
Reliant Energy, Inc.	27,600		1,159,476
Southern Co.	52,600		1,627,970
TECO Energy, Inc.	5,700		166,383
TXU Corp.	23,700		977,388
Unisource Energy Corp.	3,000		58,050
Wisconsin Energy Corp.	5,100		112,812
Xcel Energy, Inc.	19,065		537,633
			26,012,421
Gas Utilities - 0.6%
AGL Resources, Inc.	1,400		30,282
Atmos Energy Corp.	100		2,330
El Paso Corp.	34,081		2,395,894
Energen Corp.	900		25,173
KeySpan Corp.	14,692		572,253
Kinder Morgan, Inc.	10,400		576,160
MCN Energy Group, Inc.	11,100		262,737
Midcoast Energy Resources, Inc.	3,100		75,175
National Fuel Gas Co.	1,900		98,420
New Jersey Resources Corp.	100		3,826
NICOR, Inc.	7,900		292,300
NiSource, Inc.	12,804		366,579
Northwest Natural Gas Co.	3,400		83,130
Common Stocks - continued
	Shares		Value (Note 1)
UTILITIES - continued
Gas Utilities - continued
ONEOK, Inc.	1,200		$ 52,740
Peoples Energy Corp.	3,000		117,450
Piedmont Natural Gas Co., Inc.	700		22,449
Sempra Energy	20,573		459,807
Southern Union Co.	900		19,575
Southwest Gas Corp.	500		10,450
Southwestern Energy Co.	800		8,320
TC Pipelines LP	700		15,925
UGI Corp.	4,200		102,774
WGL Holdings, Inc.	1,500		41,070
			5,634,819
Multi-Utilities - 0.7%
Avista Corp.	4,400		69,300
Dynegy, Inc. Class A	23,172		1,089,084
Enron Corp.	56,400		3,863,400
MDU Resources Group, Inc.	3,700		104,710
NewPower Holdings, Inc.	11,300		70,625
Northwestern Corp.	1,400		33,880
Questar Corp.	7,400		202,760
SCANA Corp.	4,756		129,411
Sierra Pacific Resources	1,152		15,967
Utilicorp United, Inc.	3,500		103,775
Vectren Corp.	1,900		43,206
Western Resources, Inc.	12,100		299,354
Williams Companies, Inc.	30,599		1,275,978
			7,301,450
Water Utilities - 0.0%
American Water Works, Inc.	6,100		169,153
Azurix Corp. (a)	3,300		27,588
Philadelphia Suburban Corp.	1,000		23,000
			219,741
TOTAL UTILITIES			39,168,431
TOTAL COMMON STOCKS (Cost $1,063,485,551)		983,330,551
Preferred Stocks - 0.0%

Convertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Kimco Realty Corp. Series D, $1.875	36		929
Nonconvertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Price Enterprises, Inc. Series A, $1.40	100		1,506
TOTAL PREFERRED STOCKS (Cost $2,352)		2,435

Corporate Bonds - 0.0%
Moody's Ratings (unaudited)		Principal Amount		Value (Note 1)
Convertible Bonds - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Excel Legacy Corp. 9% 11/4/04	-	$ 2,000		$ 1,690
Nonconvertible Bonds - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Excel Legacy Corp. 10% 11/4/04	-	1,000		855
TOTAL CORPORATE BONDS (Cost $2,646)			2,545
U.S. Treasury Obligations - 2.6%

U.S. Treasury Bills, yield at date of purchase 4.61% to 5.18% 3/1/01 to 5/10/01 (c) (Cost $26,053,900)		26,178,000		26,057,722

Cash Equivalents - 4.8%
	Shares
Bankers Trust Institutional Daily Assets Fund, 5.67% (b) (Cost $48,907,552)	48,907,552	48,907,552

TOTAL INVESTMENT PORTFOLIO - 104.7%

(Cost $1,138,452,001)

1,058,300,805

NET OTHER ASSETS - (4.7)%

(47,740,550)

NET ASSETS - 100%

$ 1,010,560,255

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Gain/(Loss)
Purchased
21 Russell 2000® Index Contracts	March 2001	$ 4,989,600	$ (186,083)
7 S&P® 400 Midcap Index Contracts	March 2001	1,743,350	(56,942)
68 S&P 500® Stock Index Contracts	March 2001	21,114,000	(1,002,011)
		$ 27,846,950	$ (1,245,036)

The face value of futures purchased as a percentage of net assets - 2.8%

Legend

(a) Non-income producing

(b) The rate quoted is the annualized daily yield of the fund at period end.

(c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $1,896,247.

Other Information

Purchases and sales of securities, other than short-term securities, aggregated $472,083,979 and $160,462,598, respectively.

The market value of futures contracts opened and closed during the period amounted to $438,512,720 and $414,582,145, respectively.

The fund placed a portion of its portfolio transactions with brokerage firms which are affiliates of Fidelity Management & Research Company. The commissions paid to these affiliated firms were $76,720 for the period.

The fund participated in the security lending program during the period. At period end the fund received as collateral U.S. Treasury obligations valued at $1,510,124.

Income Tax Information

At February 28, 2001, the aggregate cost of investment securities for income tax purposes was $1,146,953,282. Net unrealized depreciation aggregated $88,652,477, of which $147,064,544 related to appreciated investment securities and $235,717,021 related to depreciated investment securities.

The fund hereby designates approximately $1,096,000 as a capital gain dividend for the purpose of the dividend paid deduction.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan Total Market Index Fund

Financial Statements

Statement of Assets and Liabilities

	February 28, 2001
Assets
Investment in securities, at value (including securities loaned of $46,472,311) (cost $1,138,452,001) - See accompanying schedule		$ 1,058,300,805
Cash		3,551
Receivable for fund shares sold		2,215,696
Dividends receivable		1,183,136
Redemption fees receivable		847
Other receivables		32,364
Total assets		1,061,736,399
Liabilities
Payable for investments purchased	$ 505,830
Payable for fund shares redeemed	1,057,810
Accrued management fee	49,438
Payable for daily variation on futures contracts	427,193
Other payables and accrued expenses	228,321
Collateral on securities loaned, at value	48,907,552
Total liabilities		51,176,144
Net Assets		$ 1,010,560,255
Net Assets consist of:
Paid in capital		$ 1,098,791,507
Undistributed net investment income		2,345,098
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		(9,180,119)
Net unrealized appreciation (depreciation) on investments		(81,396,231)
Net Assets, for 32,058,339 shares outstanding		$ 1,010,560,255
Net Asset Value, offering price and redemption price per share ($1,010,560,255 ÷ 32,058,339 shares)		$31.52

Statement of Operations

	Year ended February 28, 2001
Investment Income Dividends		$ 11,231,608
Interest		937,109
Security lending		378,243
Total income		12,546,960
Expenses
Management fee and sub-advisory fees	$ 2,478,980
Transfer agent fees	1,238,631
Accounting and security lending fees	267,593
Non-interested trustees' compensation	3,505
Registration fees	162,387
Audit	29,721
Legal	3,465
Miscellaneous	7,645
Total expenses before reductions	4,191,927
Expense reductions	(1,635,918)	2,556,009
Net investment income		9,990,951
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities	(4,416,716)
Foreign currency transactions	(346)
Futures contracts	(2,992,533)	(7,409,595)
Change in net unrealized appreciation (depreciation) on:
Investment securities	(171,539,286)
Futures contracts	(1,323,090)	(172,862,376)
Net gain (loss)		(180,271,971)
Net increase (decrease) in net assets resulting from operations		$ (170,281,020)
Other Information Expense reductions FMR Reimbursement		$ 1,610,235
Custodian credits		11,767
Transfer agent credits		13,916
		$ 1,635,918

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan Total Market Index Fund
Financial Statements - continued

Statement of Changes in Net Assets

Increase (Decrease) in Net Assets	Year ended February 28, 2001	Year ended February 29, 2000
Operations Net investment income	$ 9,990,951	$ 5,885,380
Net realized gain (loss)	(7,409,595)	5,994,690
Change in net unrealized appreciation (depreciation)	(172,862,376)	75,489,551
Net increase (decrease) in net assets resulting from operations	(170,281,020)	87,369,621
Distributions to shareholders From net investment income	(8,840,290)	(4,911,129)
From net realized gain	(3,196,155)	(3,035,302)
In excess of net realized gain	(1,269,997)	-
Total distributions	(13,306,442)	(7,946,431)
Share transactions Net proceeds from sales of shares	668,588,764	749,760,374
Reinvestment of distributions	12,238,471	7,501,210
Cost of shares redeemed	(345,029,256)	(192,357,117)
Net increase (decrease) in net assets resulting from share transactions	335,797,979	564,904,467
Trading fees	156,573	580,370
Total increase (decrease) in net assets	152,367,090	644,908,027
Net Assets
Beginning of period	858,193,165	213,285,138
End of period (including undistributed net investment income of $2,345,098 and $1,392,866, respectively)	$ 1,010,560,255	$ 858,193,165
Other Information Shares
Sold	18,342,236	21,285,032
Issued in reinvestment of distributions	346,084	207,596
Redeemed	(9,568,649)	(5,368,586)
Net increase (decrease)	9,119,671	16,124,042

Financial Highlights

Years ended February 28,	2001	2000^G	1999	1998^E
Selected Per-Share Data
Net asset value, beginning of period	$ 37.41	$ 31.30	$ 27.78	$ 25.00
Income from Investment Operations
Net investment income^D	.35	.41	.41	.15
Net realized and unrealized gain (loss)	(5.77)	6.14	3.33	2.45
Total from investment operations	(5.42)	6.55	3.74	2.60
Less Distributions
From net investment income	(.30)	(.29)	(.23)	(.08)
From net realized gain	(.13)	(.19)	(.28)	-
In excess of net realized gain	(.05)	-	-	-
Total distributions	(.48)	(.48)	(.51)	(.08)
Trading fees added to paid in capital	.01	.04	.29	.26
Net asset value, end of period	$ 31.52	$ 37.41	$ 31.30	$ 27.78
Total Return^{B, C}	(14.61)%	21.13%	14.61%	11.48%
Ratios and Supplemental Data
Net assets, end of period (000 omitted)	$ 1,010,560	$ 858,193	$ 213,285	$ 38,842
Ratio of expenses to average net assets	.25%^F	.26%^F	.27%^F	.25%^{A, F}
Ratio of net investment income to average net assets	.97%	1.17%	1.40%	1.91%^A
Portfolio turnover rate	16%	11%	4%	7%^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C The total returns would have been lower had certain expenses not been reduced during the periods shown.

^D Net investment income per share has been calculated based on average shares outstanding during the period.

^E For the period November 5, 1997 (commencement of operations) to February 28, 1998.

^F FMR agreed to reimburse a portion of the fund's expenses during the period. Without this reimbursement, the fund's expense ratio would have been higher.

^G For the year ended February 29

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan Extended Market Index Fund

Performance: The Bottom Line

There are several ways to evaluate a fund's historical performance. You can look at the total percentage change in value, the average annual percentage change or the growth of a hypothetical $10,000 investment. Total return reflects the change in the value of an investment, assuming reinvestment of the fund's dividend income and capital gains (the profits earned upon the sale of securities that have grown in value). If Fidelity had not reimbursed certain fund expenses, the total returns would have been lower.

Cumulative Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan Extended Market Index	-31.29%	14.56%
Wilshire 4500 Completion	-31.66%	14.52%
Growth & Income Funds Average	4.39%	n/a*

Cumulative total returns show the fund's performance in percentage terms over a set period - in this case, one year or since the fund started on November 5, 1997. For example, if you had invested $1,000 in a fund that had a 5% return over the past year, the value of your investment would be $1,050. You can compare the fund's return to the performance of the Wilshire 4500 Completion Index (Wilshire 4500) - a market capitalization-weighted index of approximately 6,500 U.S. equity securities. The Wilshire 4500 includes all the stocks in the Wilshire 5000 except for stocks included in the S&P 500. To measure how the fund's performance stacked up against its peers, you can compare it to the growth & income funds average, which reflects the performance of mutual funds with similar objectives tracked by Lipper Inc. The past one year average represents a peer group of 989 mutual funds. These benchmarks include reinvested dividends and capital gains, if any, and exclude the effect of sales charges. Lipper has created additional comparison categories that group funds according to portfolio characteristics and capitalization, as well as by capitalization only. These averages are listed on the bottom of this page.(dagger)

Average Annual Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan Extended Market Index	-31.29%	4.18%
Wilshire 4500 Completion	-31.66%	4.17%
Growth & Income Funds Average	4.39%	n/a*

Average annual total returns take the fund's cumulative return and show you what would have happened if the fund had performed at a constant rate each year.

* Not available

(dagger) The Lipper mid-cap core funds average reflects the performance (excluding sales charges) of mutual funds with similar portfolio characteristics and capitalization. The Lipper mid-cap supergroup average reflects the performance (excluding sales charges) of mutual funds with similar capitalization. As of February 28, 2001, the one year cumulative total return for the mid-cap core funds average was -9.67%. The one year average annual return was -9.67%. The one year cumulative total return for the mid-cap supergroup average was -10.58%. The one year average annual return was -10.58%.

$10,000 Over Life of Fund

$10,000 Over Life of Fund: Let's say hypothetically that $10,000 was invested in Spartan Extended Market Index Fund on November 5, 1997, when the fund started. As the chart shows, by February 28, 2001, the value of the investment would have been $11,456 - a 14.56% increase on the initial investment. For comparison, look at how the Wilshire 4500 Index did over the same period. With dividends and capital gains, if any, reinvested, the same $10,000 investment would have been $11,452 - a 14.52% increase.

Understanding Performance

Annual Report

Spartan Extended Market Index Fund

Fund Talk: The Manager's Overview

(Portfolio Manager photograph)

An interview with James Creighton, who oversees the Spartan Extended Market Index Fund's investment management personnel as Managing Director for Bankers Trust, sub-adviser of the fund *

Q. How did the fund perform, Jim?

A. For the 12-month period that ended February 28, 2001, the fund returned -31.29%, while the Wilshire 4500 Completion Index returned -31.66%. The growth & income funds average tracked by Lipper Inc. returned 4.39% during the same period.

Q. What factors set the tone for market performance during the past 12 months?

Q. What did the new year have in store for the market?

A. In January, the Federal Reserve Board sent a strong positive signal of support for the economy, by way of two half-point interest-rate cuts - its most aggressive action in 16 months - which sparked a tremendous broad-market rally. The rally, however, was short-lived. In February, the Fed dashed investors' hopes of a between-meetings rate cut, which, together with expectations for a poor corporate earnings season, induced the market to give back all of January's gains - and wiped out what remained of the NASDAQ's 85% gain from the run-up in 1999. It was the third-worst monthly slide on record for the NASDAQ, dropping it 57% off its March 2000 high, while the Standard & Poor's 500^SM Index itself flirted with bear territory - down nearly 19% from its peak.

Q. What spoiled the party for tech stocks?

A. One by one, companies from every industry in the tech sector were belted for failing to meet the Street's earnings forecasts, proving that even tech stocks were not immune to slowdowns and interest-rate cycles. Value stocks usurped market leadership, as investors herded into economically sensitive cyclical and defensive stocks. The top-performing sectors during the period reflected this dramatic style rotation, with finance, energy and nondurables all posting double-digit returns. However, that wasn't enough to overcome the downturn in the technology sector. In sharp contrast to a year ago, when eight out of the top-10 contributors in the Wilshire 4500 were tech names, there were zero this period. Conversely, there were several on the bottom of the list, most notably CMGI, VeriSign and Juniper. Also lagging behind were emerging telecommunications providers, such as Level 3, which suffered from concerns about network overcapacity.

Q. What fueled the top-performing sectors during the period?

A. Companies whose prospects are not tied to the strength of the economy fared the best. Non-credit financial firms, including AXA Financial, performed quite well. Energy stocks, particularly service companies such as Dynegy, benefited from a favorable global supply/demand picture. R.J. Reynolds was a big winner in the consumer products space.

Q. Jim, what's your outlook?

Fund Facts

Goal: seeks to provide investment results that correspond to the total return of stocks of small- to mid-capitalization United States companies

Fund number: 398

Trading symbol: FSEMX

Start date: November 5, 1997

Size: as of February 28, 2001, more than $437 million

Sub-adviser: Bankers Trust, since inception

Annual Report

Spartan Extended Market Index Fund

Investment Changes

Top Ten Stocks as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
Berkshire Hathaway, Inc. Class A	3.7	2.1
Cox Communications, Inc. Class A	0.8	0.5
Juniper Networks, Inc.	0.7	1.6
CIENA Corp.	0.7	0.8
Gemstar-TV Guide International, Inc.	0.6	0.9
Immunex Corp.	0.6	0.6
General Motors Corp. Class H	0.6	0.6
VoiceStream Wireless Corp.	0.5	0.5
Goldman Sachs Group, Inc.	0.4	0.3
John Hancock Financial Services, Inc.	0.4	0.2
	9.0
Market Sectors as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	21.9	14.8
Information Technology	20.3	35.4
Consumer Discretionary	15.6	13.3
Health Care	11.4	10.8
Industrials	10.1	7.9
Energy	4.8	3.8
Telecommunication Services	4.1	5.6
Utilities	3.5	3.3
Materials	2.9	2.2
Consumer Staples	2.9	2.1

Annual Report

Spartan Extended Market Index Fund

Investments February 28, 2001

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - 15.6%
Auto Components - 0.6%
Aftermarket Technology Corp. (a)	700		$ 3,938
ArvinMeritor, Inc.	17,250		264,788
Bandag, Inc.	2,300		85,100
BorgWarner, Inc.	6,100		266,570
Boyds Wheels, Inc. (a)	800		2
Breed Technologies, Inc. (a)	2,500		250
Collins & Aikman Corp. (a)	1,800		8,460
Colonels International, Inc. (a)	200		1,600
Donnelly Corp. Class A	100		1,360
Dura Automotive Systems, Inc. Class A (a)	13,944		112,859
Exide Corp.	10,400		95,056
Federal Signal Corp.	10,300		228,145
Federal-Mogul Corp.	13,100		45,064
GenTek, Inc.	480		5,443
Gentex Corp. (a)	10,200		255,638
Hayes Lemmerz International, Inc. (a)	900		5,697
IMPCO Technologies, Inc. (a)	3,400		81,175
Intermet Corp.	3,100		10,463
Keystone Automotive Industries, Inc. (a)	3,200		22,800
Lear Corp. (a)	13,500		432,810
Lufkin Industries, Inc.	200		4,334
Midas, Inc.	1,400		18,158
Modine Manufacturing Co.	900		23,906
Noble International Ltd.	2,600		13,163
Sauer-Danfoss, Inc.	800		7,904
Standard Motor Products, Inc.	1,000		9,900
Strattec Security Corp. (a)	1,000		32,750
Superior Industries International, Inc.	6,200		231,260
TBC Corp. (a)	700		4,900
Tenneco Automotive, Inc.	4,900		15,435
Tower Automotive, Inc. (a)	7,100		78,100
Wabtec Corp.	2,283		31,962
			2,398,990
Automobiles - 0.0%
Coachmen Industries, Inc.	600		6,720
Monaco Coach Corp. (a)	600		12,012
National R.V. Holdings, Inc. (a)	1,500		16,125
Thor Industries, Inc.	350		8,635
Winnebago Industries, Inc.	2,200		37,400
			80,892
Distributors - 0.0%
Advanced Marketing Services, Inc.	1,200		24,060
ALL American Semiconductor, Inc. (a)	3,900		37,050
Cellstar Corp. (a)	22,300		27,875
Ellet Brothers, Inc.	1,200		2,625
Herbalife International, Inc. Class A	466		3,815
Jaco Electronics, Inc. (a)	4,100		31,391
Navarre Corp. (a)	3,500		5,250
Park-Ohio Holdings Corp. (a)	2,400		13,200

	Shares		Value (Note 1)
U.S.A. Floral Products, Inc. (a)	17,600		$ 2,288
WESCO International, Inc. (a)	5,100		47,175
			194,729
Hotels Restaurants & Leisure - 2.2%
800 Travel Systems, Inc. (a)	900		816
Alliance Gaming Corp. (a)	1,300		15,600
American Classic Voyager Co. (a)	4,700		76,375
American Wagering, Inc. (a)	4,600		2,156
Ameristar Casinos, Inc. (a)	100		638
AMF Bowling, Inc. (a)	1,900		276
Anchor Gaming (a)	5,500		269,156
Applebee's International, Inc.	6,300		192,938
Argosy Gaming Co. (a)	9,700		215,340
ARK Restaurants Corp. (a)	100		694
Avado Brands, Inc. (a)	5,700		3,919
Aztar Corp. (a)	1,300		15,340
Bally Total Fitness Holding Corp. (a)	2,700		85,050
Benihana, Inc. Class A (a)	100		944
Bob Evans Farms, Inc.	9,200		184,000
Boca Resorts, Inc. Class A (a)	1,000		11,850
Boyd Gaming Corp. (a)	6,300		22,113
Brinker International, Inc. (a)	11,700		345,852
Buca, Inc. (a)	8,000		159,000
California Pizza Kitchen, Inc.	2,500		71,875
Casino Data Systems (a)	10,500		91,875
CBRL Group, Inc.	11,700		221,569
CEC Entertainment, Inc. (a)	1,900		76,000
Cedar Fair LP (depository unit)	600		12,360
Champps Entertainment, Inc. (a)	8,900		79,544
Chart House Enterprises, Inc. (a)	100		265
Cheap Tickets, Inc. (a)	7,100		68,338
Cheesecake Factory, Inc. (a)	4,150		164,184
Churchill Downs, Inc.	1,600		43,800
CKE Restaurants, Inc.	8,643		31,979
Creative Host Services, Inc.	4,400		11,275
Creative Host Services, Inc.:
warrants 7/3/03	60		0
warrants 10/2/03	110		0
Crestline Capital Corp. (a)	2,170		55,661
Dave & Busters, Inc. (a)	900		8,820
Dover Downs Entertainment, Inc.	9,700		117,370
Elxsi Corp. (a)	100		1,100
Extended Stay America, Inc. (a)	16,300		241,240
Fairfield Communities, Inc. (a)	7,600		113,696
Fine Host Corp. (a)	700		0
Friendly Ice Cream Corp. (a)	900		1,998
Frisch's Restaurants, Inc.	100		1,280
Garden Fresh Restaurant Corp. (a)	100		725
Gaylord Entertainment Co. (a)	1,000		24,100
Gtech Holdings Corp. (a)	7,400		199,726
IHOP Corp. (a)	600		12,294
Il Fornaio America Corp. (a)	100		1,363
International Game Technology (a)	9,841		531,414
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Hotels Restaurants & Leisure - continued
International Speedway Corp. Class A	10,110		$ 456,214
Isle Capri Casinos, Inc. (a)	11,100		92,269
Jack in the Box, Inc. (a)	5,200		155,064
John Q. Hammons Hotels, Inc. Class A (a)	100		570
Lakes Gaming, Inc. (a)	350		3,609
Landry's Seafood Restaurants, Inc.	4,200		49,182
Littlefield Corp. (a)	500		781
Lodgian, Inc. (a)	1,000		3,300
Lone Star Steakhouse & Saloon, Inc.	16,300		149,756
Luby's, Inc.	4,500		30,825
Mandalay Resort Group (a)	10,600		214,968
Marcus Corp.	950		14,440
Max & Ermas Restaurants, Inc. (a)	100		875
MGM Mirage, Inc.	27,306		733,985
Mikohn Gaming Corp. (a)	100		388
Morrison Management Specialists, Inc.	110		4,377
Morton's Restaurant Group, Inc. (a)	100		2,349
MTR Gaming Group, Inc. (a)	11,100		65,559
Multimedia Games, Inc. (a)	1,400		9,100
NPC International, Inc. (a)	700		7,219
O'Charleys, Inc. (a)	150		2,700
Outback Steakhouse, Inc. (a)	10,400		276,640
P.F. Chang's China Bistro, Inc. (a)	4,000		134,000
Panera Bread Co. Class A (a)	5,100		118,575
Papa John's International, Inc. (a)	3,300		78,788
Park Place Entertainment Corp. (a)	49,900		556,385
Penn National Gaming, Inc. (a)	6,300		93,319
Pinnacle Entertainment, Inc. (a)	6,000		64,500
PJ America, Inc. (a)	2,400		15,300
PopMail.com, Inc. (a)	1,060		170
Prime Hospitality Corp. (a)	14,960		190,740
Rare Hospitality International, Inc. (a)	5,800		168,562
Royal Caribbean Cruises Ltd.	30,900		872,925
Rubio's Restaurants, Inc. (a)	4,200		17,063
Ruby Tuesday, Inc.	2,400		40,800
Ryan's Family Steak Houses, Inc. (a)	12,300		123,769
Santa Barbara Restaurant Group, Inc. (a)	500		1,000
Schlotzskys, Inc. (a)	300		1,200
ShoLodge, Inc. (a)	100		475
Shuffle Master, Inc. (a)	6,450		109,650
Silicon Gaming, Inc. warrants 7/26/04 (a)	800		0
Six Flags, Inc. (a)	10,400		224,536
Sodexho Marriott Services, Inc. (a)	4,600		134,320
Sonic Corp. (a)	6,825		159,961
Speedway Motorsports, Inc.	4,000		94,200
Station Casinos, Inc. (a)	8,200		109,388
Steak n Shake Co. (a)	969		8,527
Suburban Lodges of America, Inc. (a)	4,200		23,100
Sunterra Corp. (a)	2,400		384

	Shares		Value (Note 1)
Triarc Companies, Inc. Class A (a)	6,575		$ 174,369
Trump Hotels & Casino Resorts, Inc. (a)	2,900		6,815
United Leisure Corp. (a)	3,700		7,169
Uno Restaurant Corp. (a)	110		924
Vail Resorts, Inc. (a)	1,100		23,760
VICORP Restaurants, Inc. (a)	91		2,230
Wyndham International, Inc. Class A (a)	7,215		15,224
			9,632,206
Household Durables - 1.2%
A.T. Cross & Co. Class A (a)	200		1,450
Advanced Lighting Technologies, Inc. (a)	2,400		15,000
Applica, Inc. (a)	2,700		18,630
Bassett Furniture Industries, Inc.	1,600		22,800
Beazer Homes USA, Inc. (a)	300		13,710
Blyth, Inc.	7,700		179,872
Boston Acoustics, Inc.	200		2,400
Boyds Collection, Ltd. (a)	6,000		52,200
Bush Industries, Inc. Class A	1,400		19,250
Cavalier Homes, Inc.	600		1,050
Champion Enterprises, Inc. (a)	1,500		8,250
Chromcraft Revington, Inc. (a)	1,500		15,225
Clayton Homes, Inc.	26,975		343,931
Crossman Communities, Inc. (a)	1,700		47,494
CSS Industries, Inc. (a)	500		10,925
D.R. Horton, Inc.	14,572		332,242
Del Webb Corp. (a)	5,700		164,730
Department 56, Inc. (a)	2,600		22,776
Dixie Group, Inc. (a)	1,800		6,300
Dominion Homes, Inc. (a)	200		1,925
Enesco Group, Inc.	12,000		63,600
Ethan Allen Interiors, Inc.	5,100		173,196
Falcon Products, Inc.	1,200		10,680
Fedders Corp.	4,500		23,175
Fleetwood Enterprises, Inc.	7,800		93,990
Flexsteel Industries, Inc.	900		11,138
Foamex International, Inc. (a)	800		4,600
Furniture Brands International, Inc. (a)	6,300		154,665
Helen of Troy Corp. (a)	12,400		80,600
Hovnanian Enterprises, Inc. Class A (a)	100		1,087
Interface, Inc. Class A	11,900		75,863
Kimball International, Inc. Class B	1,300		19,581
Koala Corp. (a)	7,800		39,975
La-Z-Boy, Inc.	7,106		112,985
Lancaster Colony Corp.	9,650		284,675
Lennar Corp.	8,714		309,347
Libbey, Inc.	800		25,320
Lifetime Hoan Corp.	100		681
M.D.C. Holdings, Inc.	1,870		66,853
M/I Schottenstein Homes, Inc.	200		5,560
Matthews International Corp. Class A	500		15,563
Media Arts Group, Inc. (a)	600		3,000
Meritage Corp. (a)	3,900		123,864
Mestek, Inc.	100		1,835
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Metromedia International Group, Inc. (a)	3,535		$ 10,393
Mity Enterprises, Inc. (a)	700		5,906
Mohawk Industries, Inc. (a)	11,800		353,410
National Presto Industries, Inc.	900		26,775
NVR, Inc. (a)	2,400		349,200
Oakwood Homes Corp.	9,000		10,530
Oneida Ltd.	450		7,650
Palm Harbor Homes, Inc. (a)	750		13,875
Pillowtex Corp. (a)	4,926		1,970
Recoton Corp. (a)	4,300		49,450
Royal Appliance Manufacturing Co. (a)	600		2,610
Russ Berrie & Co., Inc.	700		18,200
Ryland Group, Inc.	4,600		185,334
Salton, Inc. (a)	2,750		51,810
Schuler Homes, Inc. (a)	100		1,300
Skyline Corp.	200		4,890
Standard Pacific Corp.	8,900		213,600
Stanley Furniture Co., Inc. (a)	1,000		25,625
Sunbeam Corp. (a)	4,208		640
Sunbeam Corp. warrants 8/24/03 (a)	610		0
Swiss Army Brands, Inc. (a)	1,300		7,963
The Rowe Companies	2,010		7,919
Toll Brothers, Inc. (a)	7,900		282,504
Topps Co., Inc. (a)	14,000		136,500
Toro Co.	2,000		88,800
Universal Electronics, Inc. (a)	6,200		117,025
Virco Manufacturing Co.	1,585		15,882
WestPoint Stevens, Inc.	10,300		86,726
Yankee Candle Co., Inc. (a)	3,800		50,730
York Group, Inc.	500		2,109
			5,111,319
Internet & Catalog Retail - 0.7%
1-800-FLOWERS.COM, Inc. Class A (a)	5,000		29,688
Amazon.com, Inc. (a)	52,000		529,750
Ashford.com, Inc. (a)	5,300		3,478
Audible, Inc. (a)	4,200		4,988
b2bstores.com, Inc.	7,600		24,700
barnesandnoble.com, Inc. Class A (a)	18,475		25,403
Beyond.com Corp. (a)	9,900		3,403
Blair Corp.	600		10,890
Bluefly, Inc. (a)	1,900		2,138
Bluefly, Inc. rights 3/26/01 (a)	3,296		309
BUY.com, Inc.	14,110		6,173
Coldwater Creek, Inc. (a)	3,200		59,200
Concepts Direct, Inc. (a)	1,500		4,594
Cyberian Outpost, Inc. (a)	8,700		7,613
Damark International, Inc. Class A (a)	1,600		7,600
dELiA*s Corp. Class A (a)	10,088		38,776
Drugstore.com, Inc. (a)	5,200		6,825
eBay, Inc. (a)	39,400		1,510,128
Egghead.com, Inc. (a)	13,565		10,598

	Shares		Value (Note 1)
eToys, Inc. (a)	16,500		$ 1,547
Fashionmall.com, Inc. (a)	2,900		4,713
Genesis Direct, Inc. (a)	1,700		2
GSV, Inc. (a)	700		219
IdeaMall, Inc. (a)	3,800		4,750
Insight Enterprises, Inc. (a)	4,325		98,123
iPrint.com, Inc.	3,300		1,444
J. Jill Group, Inc. (a)	2,700		48,938
L.L. Knickerbocker Co. (a)	76,300		3,662
Land's End, Inc. (a)	3,400		78,948
Lillian Vernon Corp.	500		4,375
MediaBay, Inc. (a)	500		469
MotherNature.com, Inc.	6,400		768
MP3.com, Inc. (a)	8,000		24,000
Musicmaker.com, Inc. (a)	1,070		5,885
Neoforma.com, Inc. (a)	28,400		39,050
Network Commerce, Inc. (a)	6,200		1,550
PEAPOD, Inc. (a)	10,500		12,469
Pets.com, Inc.	10,820		1,353
Photoworks, Inc. (a)	8,700		8,156
PlanetRX.com, Inc. (a)	1,975		741
Priceline.com, Inc. (a)	21,100		56,706
Right Start, Inc. (a)	1,400		3,325
School Specialty, Inc. (a)	5,301		116,953
SciQuest.com, Inc. (a)	8,500		15,938
Shop At Home, Inc. (a)	6,600		9,900
SkyMall, Inc. (a)	6,100		11,438
SmarterKids.com, Inc. (a)	5,800		6,525
Spiegel, Inc. Class A	19,700		142,825
Stamps.com, Inc. (a)	22,900		67,984
Student Advantage, Inc. (a)	15,000		45,000
Systemax, Inc. (a)	3,500		7,385
Ticketmaster Online CitySearch, Inc. Class B (a)	5,600		52,150
Value America, Inc. (a)	13,300		133
ValueVision International, Inc. Class A (a)	4,800		73,200
Webvan Group, Inc. (a)	38,095		10,714
			3,247,592
Leisure Equipment & Products - 0.3%
Action Performance Companies, Inc. (a)	9,300		50,859
Adams Golf, Inc. (a)	10,200		12,750
Aldila, Inc. (a)	900		1,631
Anthony & Sylvan Pools Corp. (a)	36		297
Arctic Cat, Inc.	900		12,881
Callaway Golf Co.	6,900		165,945
Cannondale Corp. (a)	300		1,397
Coastcast Corp.	300		3,300
Concord Camera Corp. (a)	3,300		21,863
Direct Focus, Inc. (a)	6,300		167,738
Equity Marketing, Inc. (a)	2,300		27,888
Global Technologies Ltd. (a)	2,550		1,753
Huffy Corp. (a)	7,300		53,290
JAKKS Pacific, Inc. (a)	9,000		116,437
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Leisure Equipment & Products - continued
K2, Inc. (a)	500		$ 4,360
Marvel Enterprises, Inc. (a)	1,000		1,590
Meade Instruments Corp. (a)	4,300		26,875
Midway Games, Inc. (a)	1,598		11,426
Oakley, Inc. (a)	7,100		119,280
Parkervision, Inc. (a)	3,100		85,105
Pinnacle Systems, Inc. (a)	6,000		65,250
Play By Play Toys & Novelties, Inc. (a)	3,400		1,275
Polaris Industries, Inc.	2,100		98,280
Racing Champions Corp. (a)	2,600		8,125
Rawlings Sporting Goods, Inc. (a)	5,800		26,100
RockShox, Inc. (a)	20,900		15,675
SAF T LOK, Inc. (a)	17,000		6,375
SCP Pool Corp. (a)	4,125		137,156
Steinway Musical Instruments, Inc. (a)	200		3,400
Sturm Ruger & Co., Inc.	800		8,120
Toymax International, Inc. (a)	3,100		6,781
WMS Industries, Inc. (a)	4,200		77,364
			1,340,566
Media - 6.8%
4Kids Entertainment, Inc. (a)	4,600		62,008
Ackerley Group, Inc.	700		9,751
Acme Communications, Inc. (a)	7,900		72,581
ACTV, Inc. (a)	3,700		17,691
Adelphia Communications Corp. Class A (a)	18,971		752,912
ADVO, Inc. (a)	5,200		210,080
Airtech International Group, Inc. (a)	7,500		1,463
AMC Entertainment, Inc. (a)	1,400		8,400
American Champion Entertainment, Inc. (a)	4,600		1,725
American Coin Merchandising, Inc. (a)	300		825
APAC Customer Services, Inc. (a)	6,300		34,650
Ballantyne of Omaha, Inc. (a)	30		17
Beasley Broadcast Group, Inc. Class A	6,600		96,113
Belo Corp. Series A	22,500		405,000
BHC Communications, Inc. Class A	2,400		328,200
Blockbuster, Inc. Class A	9,700		135,800
Brilliant Digital Entertainment, Inc. (a)	4,500		4,500
Cablevision Systems Corp. Class A (a)	20,738		1,609,269
Carmike Cinemas, Inc. Class A (a)	2,200		825
Catalina Marketing Corp. (a)	10,600		352,980
Championship Auto Racing Teams, Inc. (a)	1,400		22,120
Charter Communications, Inc. Class A (a)	26,700		570,713
Chris-Craft Industries, Inc.	7,087		502,468
Citadel Communications Corp. (a)	6,200		155,000
Classic Communications, Inc. Class A (a)	4,600		13,800
Cox Communications, Inc. Class A (a)	87,031		3,613,527
Cox Radio, Inc. Class A (a)	2,700		59,427

	Shares		Value (Note 1)
Cumulus Media, Inc. (a)	8,400		$ 42,000
Cyrk, Inc. (a)	3,600		10,463
Data Broadcasting Corp.	3,600		19,575
Digital Generation Systems, Inc. (a)	5,100		12,113
E.W. Scripps Co. Class A	14,100		887,313
E4L, Inc. (a)	300		3
EchoStar Communications Corp. Class A (a)	33,200		867,350
Emmis Communications Corp. Class A (a)	4,600		121,613
Engage, Inc. (a)	38,600		43,425
Entercom Communications Corp. Class A (a)	3,000		122,250
eVision USA.com, Inc. (a)	7,000		2,380
Fox Entertainment Group, Inc. Class A (a)	31,900		762,410
Franklin Electronic Publishers, Inc. (a)	2,500		13,750
Gemstar-TV Guide International, Inc. (a)	61,400		2,778,350
General Motors Corp. Class H	114,700		2,600,249
Getty Images, Inc. (a)	6,700		168,338
Granite Broadcasting Corp. (a)	3,800		9,738
HA-LO Industries, Inc. (a)	4,700		7,661
Harris Interactive, Inc. (a)	4,200		17,063
Harte-Hanks, Inc.	8,800		207,152
Havas Advertising SA sponsored ADR (a)	8,226		113,108
Hearst-Argyle Television, Inc. (a)	2,383		48,065
Hispanic Broadcasting Corp. (a)	15,200		342,000
Hollinger International, Inc. Class A	21,400		348,820
Houghton Mifflin Co.	6,400		271,872
Hungry Minds, Inc. (a)	700		4,506
Image Entertainment, Inc. (a)	800		2,325
Individual Investor Group, Inc. (a)	900		844
Innotrac Corp. (a)	3,400		18,700
Insight Communications, Inc. (a)	8,800		217,250
Interep National Radio Sales, Inc. Class A (a)	3,100		16,275
j2 Communications (a)	600		6,825
John Wiley & Sons, Inc. Class A	4,800		100,896
Journal Register Co. (a)	2,500		40,625
K-Tel International, Inc. (a)	8,900		1,469
Key3Media Group, Inc. (a)	5,800		70,064
Kushner Locke Co. (a)	5,900		738
Lamar Advertising Co. Class A (a)	12,900		532,125
Laser-Pacific Media Corp. (a)	1,800		4,050
Leapnet, Inc. (a)	5,788		4,703
Lee Enterprises, Inc.	2,300		72,726
Liberty Corp.	592		22,472
Liberty Digital, Inc. (a)	10,600		92,750
Liberty Livewire Corp. Class A (a)	560		4,655
Liberty Satellite & Technology, Inc.:
Class A (a)	4,700		16,744
Class B (a)	5,300		19,213
LifeMinders, Inc. (a)	3,900		7,800
LodgeNet Entertainment Corp. (a)	5,600		83,300
Macrovision Corp. (a)	5,300		212,331
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Media - continued
Marketing Services Group, Inc. (a)	1,400		$ 2,625
Martha Stewart Living Omnimedia, Inc. Class A (a)	4,100		74,210
Media General, Inc. Class A	6,000		301,200
Mediacom Communications Corp. Class A	11,450		213,972
Metro-Goldwyn-Mayer, Inc. (a)	34,100		655,743
National Record Mart, Inc. (a)	600		113
Nelson Thomas, Inc.	200		1,326
Netcentives, Inc. (a)	13,300		36,575
NTL, Inc. (a)	38,843		1,009,530
NTN Communications, Inc. (a)	5,300		4,770
Nucentrix Broadband Networks, Inc. (a)	1,300		15,763
On Command Corp. (a)	1,100		8,834
Pacific Chemical, Inc. (a)	100		0
Paxson Communications Corp. Class A (a)	4,600		49,358
Pegasus Communications Corp. (a)	9,200		257,025
Penton Media, Inc.	3,700		83,583
Pixar (a)	7,600		247,000
Platinum Entertainment, Inc. (a)	500		5
Playboy Enterprises, Inc. Class B (non-vtg.) (a)	1,200		15,480
PRIMEDIA, Inc. (a)	30,000		285,000
Princeton Video Image, Inc. (a)	3,000		15,375
Pulitzer, Inc.	1,000		51,600
R.H. Donnelley Corp. (a)	8,100		221,940
Radio One, Inc. Class A (a)	7,300		109,500
Radio Unica Communications Corp. (a)	1,600		4,800
Reader's Digest Association, Inc. Class A (non-vtg.)	18,500		593,665
Regent Communication, Inc. (a)	9,200		73,600
Rentrak Corp. (a)	400		1,525
RnetHealth.com, Inc. (a)	8,400		1,680
Salem Communications Corp. Class A (a)	7,900		112,081
Scholastic Corp. (a)	7,800		333,450
Sinclair Broadcast Group, Inc. Class A (a)	15,100		136,844
Sirius Satellite Radio, Inc. (a)	5,600		131,600
SITEL Corp. (a)	2,500		8,500
Sonic Solutions, Inc. (a)	4,600		6,900
Source Information Management Co. (a)	5,400		28,688
Source Media, Inc. (a)	2,800		2,450
Spanish Broadcasting System, Inc. Class A (a)	9,400		51,553
Team Communications Group, Inc. (a)	3,900		4,875
Telespectrum Worldwide, Inc. (a)	5,300		2,067
The McClatchy Co. Class A	5,700		237,405
TiVo, Inc. (a)	8,700		38,334
TMP Worldwide, Inc. (a)	14,400		753,300
Traffix, Inc. (a)	3,300		7,734
True North Communications	6,800		261,800
United Television, Inc.	400		49,750

	Shares		Value (Note 1)
UnitedGlobalCom, Inc. Class A (a)	9,400		$ 148,638
USA Networks, Inc. (a)	48,122		1,133,875
Valley Media, Inc. (a)	4,300		3,225
Value Line, Inc.	300		12,300
VDI MultiMedia (a)	2,600		7,475
Washington Post Co. Class B	1,674		1,040,391
Westwood One, Inc. (a)	12,800		275,712
Wink Communications, Inc. (a)	8,500		50,469
World Wrestling Federation Entertainment, Inc. Class A (a)	5,200		71,760
Xm Satellite Radio Holdings, Inc. Class A (a)	7,700		78,925
Young Broadcasting, Inc. Class A (a)	3,400		116,450
YouthStream Media Networks, Inc. (a)	1,300		1,828
			29,856,468
Multiline Retail - 0.8%
99 Cents Only Stores (a)	3,774		145,488
Ames Department Stores, Inc. (a)	14,600		56,575
BJ's Wholesale Club, Inc. (a)	8,600		391,386
Bon-Ton Stores, Inc. (a)	3,600		10,800
Bradlees, Inc. (a)	3,100		124
Dollar Tree Stores, Inc. (a)	14,250		396,328
Elder Beerman Stores Corp. (a)	2,700		9,281
Factory 2-U Stores, Inc. (a)	2,400		91,500
Family Dollar Stores, Inc.	30,300		795,678
Freds, Inc. Class A	5,025		108,980
Gottschalks, Inc. (a)	300		1,653
Mazel Stores, Inc. (a)	500		1,469
Neiman Marcus Group, Inc. Class A (a)	9,300		338,520
Pricesmart, Inc. (a)	500		16,242
Ross Stores, Inc.	16,300		342,300
Saks, Inc. (a)	24,913		298,956
ShopKo Stores, Inc. (a)	7,300		70,810
Stein Mart, Inc. (a)	10,500		100,406
Tuesday Morning Corp. (a)	16,600		127,613
Value City Department Stores, Inc. (a)	700		5,985
			3,310,094
Specialty Retail - 2.2%
Aaron Rents, Inc. Class A	100		1,550
Abercrombie & Fitch Co. Class A (a)	12,700		360,172
AC Moore Arts & Crafts, Inc. (a)	100		844
American Eagle Outfitters, Inc. (a)	8,475		295,036
Amplicon, Inc.	200		1,825
AnnTaylor Stores Corp. (a)	2,900		74,907
AutoNation, Inc.	65,800		546,140
Barnes & Noble, Inc. (a)	7,600		205,200
bebe Stores, Inc. (a)	6,100		172,706
Big Dog Holdings, Inc.	49		199
Blue Rhino Corp. (a)	3,000		7,125
Books-A-Million, Inc. (a)	8,200		15,375
Borders Group, Inc. (a)	8,500		134,725
Brookstone Co., Inc. (a)	700		10,500
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Building Material Holding Corp. (a)	400		$ 3,850
Burlington Coat Factory Warehouse Corp.	2,600		50,830
Casual Male Corp.	600		4,425
Cato Corp. Class A	900		16,369
CDW Computer Centers, Inc. (a)	14,000		465,500
Charming Shoppes, Inc. (a)	14,800		94,350
Chico's FAS, Inc. (a)	2,300		95,306
Christopher & Banks Corp. (a)	4,200		111,038
Claire's Stores, Inc.	4,600		80,132
Cole National Corp. Class A (a)	900		6,840
CompuCom Systems, Inc. (a)	12,900		31,444
Copart, Inc. (a)	5,400		102,263
Cost Plus, Inc. (a)	2,475		59,400
CSK Auto Corp. (a)	2,800		16,884
Deb Shops, Inc.	1,300		21,938
Discount Auto Parts, Inc. (a)	1,400		10,150
Dress Barn, Inc. (a)	5,900		137,913
E Com Ventures, Inc. (a)	4,600		3,738
Electronics Boutique Holding Corp. (a)	3,200		67,200
Emerging Vision, Inc. (a)	5,700		1,959
Fidelity Holdings, Inc. (a)	7,100		3,772
Finish Line, Inc. Class A (a)	5,300		36,769
Footstar, Inc. (a)	5,000		220,150
Gadzooks, Inc. (a)	4,100		85,844
Genesco, Inc. (a)	2,100		51,450
Gerald Stevens, Inc. (a)	540		557
Good Guys, Inc. (a)	4,600		24,150
Goody's Family Clothing, Inc. (a)	1,100		6,600
Grow Biz International, Inc. (a)	1,800		8,663
GTSI Corp. (a)	6,400		31,200
Guitar Center, Inc. (a)	2,500		39,219
Gymboree Corp. (a)	10,100		118,675
Hancock Fabrics, Inc.	700		4,900
Handleman Co. (a)	1,000		9,110
Haverty Furniture Companies, Inc.	2,000		27,600
Hibbett Sporting Goods, Inc. (a)	1,600		42,500
Hollywood Entertainment Corp. (a)	22,200		45,788
HomeBase, Inc. (a)	26,100		63,423
Hot Topic, Inc. (a)	2,600		68,250
Hughes Supply, Inc.	700		12,285
iGo Corp. (a)	7,400		9,134
InterTAN, Inc. (a)	3,050		38,125
Intimate Brands, Inc. Class A	69,760		1,102,208
Jo-Ann Stores, Inc. Class A (a)	1,500		7,875
Just for Feet, Inc. (a)	4,100		25
Krispy Kreme Doughnuts, Inc.	1,600		114,900
Lawson Products, Inc.	300		7,256
Lechters, Inc. (a)	12,900		9,675
Linens 'N Things, Inc. (a)	4,300		145,555
Lithia Motors, Inc. Class A (a)	900		11,907

	Shares		Value (Note 1)
Little Switzerland, Inc. (a)	12,500		$ 14,063
Michaels Stores, Inc. (a)	3,900		127,725
MicroAge, Inc. (a)	7,500		338
Micros-To-Mainframes, Inc. (a)	1,200		1,500
Monro Muffler Brake, Inc. (a)	1,105		10,774
Multiple Zones, Inc. (a)	3,500		8,586
Natural Wonders, Inc. (a)	4,100		328
Neff Corp. Class A (a)	1,800		1,980
Nutraceutical International Corp. (a)	600		1,434
O'Reilly Automotive, Inc. (a)	12,100		229,144
Officemax, Inc. (a)	12,600		38,556
Pacific Sunwear of California, Inc. (a)	2,900		95,881
Party City Corp. (a)	1,450		5,324
Pathmark Stores, Inc. (a)	4,500		76,500
Paul Harris Stores, Inc. (a)	200		66
Payless ShoeSource, Inc. (a)	4,782		365,249
PC Connection, Inc. (a)	5,950		73,259
PETsMART, Inc. (a)	30,200		105,700
Pier 1 Imports, Inc.	11,250		146,250
Pomeroy Computer Resources, Inc. (a)	5,200		78,975
Regis Corp.	9,600		142,800
Rent-A-Center, Inc. (a)	6,000		264,750
Rent-Way, Inc. (a)	1,811		10,323
Restoration Hardware, Inc. (a)	6,200		9,688
Rex Stores Corp. (a)	2,900		53,215
Select Comfort Corp. (a)	2,600		6,338
Sharper Image Corp. (a)	1,300		11,131
Software Spectrum, Inc. (a)	3,200		40,000
Sonic Automotive, Inc. Class A (a)	2,700		22,815
Stage Stores, Inc. (a)	800		44
Sunglass Hut International, Inc. (a)	4,500		50,906
Syms Corp. (a)	300		1,710
Talbots, Inc.	7,700		391,314
The Bombay Company, Inc. (a)	18,700		52,921
The Buckle, Inc. (a)	650		12,201
The Childrens Place Retail Stores, Inc. (a)	1,800		39,375
The Men's Wearhouse, Inc. (a)	8,065		212,110
The Sports Authority, Inc. (a)	16,300		44,825
Too, Inc. (a)	2,600		50,310
Tractor Supply Co. (a)	1,300		18,769
Transportation World Entertainment Corp. (a)	14,750		118,461
Tweeter Home Entertainment Group, Inc. (a)	2,800		58,975
Ugly Duckling Corp. (a)	200		725
Ultimate Electronics, Inc. (a)	3,600		91,800
United Auto Group, Inc. (a)	1,800		18,072
United Rentals, Inc. (a)	8,285		141,756
United Retail Group, Inc. (a)	500		3,125
Urban Outfitters, Inc. (a)	1,400		15,663
Venator Group, Inc. (a)	15,700		172,857
West Marine, Inc. (a)	1,400		7,875
Wet Seal, Inc. Class A (a)	4,400		139,700
Whitehall Jewellers, Inc. (a)	1,650		13,844
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Williams-Sonoma, Inc. (a)	6,100		$ 166,225
Wilsons Leather Experts, Inc. (a)	150		2,634
Wolohan Lumber Co.	100		1,025
Zale Corp. (a)	4,100		128,986
Zany Brainy, Inc. (a)	2,100		1,378
			9,455,676
Textiles & Apparel - 0.8%
Ashworth, Inc. (a)	600		5,447
Brown Shoe Co., Inc.	1,400		24,290
Burlington Industries, Inc. (a)	2,000		4,500
Candies, Inc. (a)	700		1,203
Charles & Colvard Ltd. (a)	4,200		4,200
Coach, Inc.	6,800		204,952
Columbia Sportswear Co. (a)	2,800		155,050
Cone Mills Corp. (a)	800		2,360
Cutter & Buck, Inc. (a)	7,600		55,100
Deckers Outdoor Corp. (a)	100		400
Delta Apparel, Inc.	80		1,488
Delta Woodside Industries	800		1,000
Donna Karan International, Inc. (a)	700		6,405
Everlast Worldwide, Inc. (a)	200		550
Finlay Enterprises, Inc. (a)	800		10,400
Fossil, Inc. (a)	6,525		114,188
Friedmans, Inc. Class A	3,200		23,900
G-III Apparel Group Ltd. (a)	1,200		9,450
Galey & Lord, Inc. (a)	400		1,420
Guess, Inc. (a)	3,200		24,640
Guilford Mills, Inc.	700		1,330
Haggar Corp.	300		3,750
Hartmarx Corp. (a)	1,100		3,894
Jones Apparel Group, Inc. (a)	20,201		775,718
K-Swiss, Inc. Class A	4,300		133,300
Kellwood Co.	7,200		159,480
Kenneth Cole Productions, Inc. Class A (a)	2,750		77,688
Maxwell Shoe, Inc. Class A (a)	2,500		34,219
McNaughton Apparel Group, Inc. (a)	5,200		79,625
Mossimo, Inc. (a)	800		3,200
Movado Group, Inc.	5,600		84,350
Nautica Enterprises, Inc. (a)	10,100		185,588
Oshkosh B'Gosh, Inc. Class A	1,330		27,681
Oxford Industries, Inc.	100		1,981
Phillips-Van Heusen Corp.	900		13,410
Polo Ralph Lauren Corp. Class A (a)	7,400		216,820
Polymer Group, Inc.	5,800		38,570
Quaker Fabric Corp. (a)	850		5,233
Quiksilver, Inc. (a)	1,250		33,625
Samsonite Corp. (a)	2,743		8,229
Saucony, Inc. Class B (a)	1,400		9,756
Skechers U.S.A., Inc. Class A (a)	5,300		142,888
Sport-Haley, Inc. (a)	100		338

	Shares		Value (Note 1)
Steven Madden Ltd. (a)	6,700		$ 91,288
Stride Rite Corp.	4,400		33,132
Superior Uniform Group, Inc.	100		838
Tarrant Apparel Group (a)	1,600		6,400
Timberland Co. Class A (a)	4,600		257,508
Tropical Sportswear International Corp. (a)	900		15,413
Unifi, Inc.	4,800		33,120
Uniroyal Technology Corp. (a)	7,200		47,700
Vans, Inc. (a)	6,400		134,400
Warnaco Group, Inc. Class A	12,664		60,787
Wellman, Inc.	4,200		73,752
Wolverine World Wide, Inc.	1,300		19,123
Worldtex, Inc. (a)	100		3
			3,465,080
TOTAL CONSUMER DISCRETIONARY			68,093,612
CONSUMER STAPLES - 2.9%
Beverages - 0.4%
Boston Beer Co., Inc. Class A (a)	500		4,900
Coca-Cola Bottling Co. Consolidated	200		7,800
Constellation Brands, Inc. Class A (a)	2,700		172,395
Golden State Vintners, Inc. Class B (a)	500		4,250
Hawaiian Natural Water Co., Inc. (a)	100		26
Lancer Corp. (a)	100		490
National Beverage Corp. (a)	200		1,790
Pepsi Bottling Group, Inc.	24,300		980,505
PepsiAmericas, Inc.	17,000		274,720
Robert Mondavi Corp. Class A (a)	3,300		160,463
			1,607,339
Food & Drug Retailing - 0.5%
7-Eleven, Inc. (a)	16,200		167,022
Casey's General Stores, Inc.	14,400		177,300
Delhaize America, Inc.	29,458		636,293
Drug Emporium, Inc. (a)	5,900		1,844
Duane Reade, Inc. (a)	4,600		157,780
Fleming Companies, Inc.	10,000		247,000
Fresh America Corp. (a)	3,000		3,750
Grand Union Co. (a)	7,700		116
Ingles Markets, Inc. Class A	600		6,488
Marsh Supermarkets, Inc. Class B	100		1,281
Nash-Finch Co.	400		6,400
NuCo2, Inc. (a)	2,200		22,825
Performance Food Group Co. (a)	4,300		227,900
Phar-Mor, Inc. (a)	4,200		4,463
Rite Aid Corp. (a)	29,900		156,078
Ruddick Corp.	4,100		53,710
Schultz Sav-O Stores, Inc.	100		1,075
Smart & Final, Inc. (a)	700		7,483
Spartan Stores, Inc. (a)	2,500		23,594
United Natural Foods, Inc. (a)	7,300		93,075
Weis Markets, Inc.	2,800		100,436
Common Stocks - continued
	Shares		Value (Note 1)
CONSUMER STAPLES - continued
Food & Drug Retailing - continued
Whole Foods Market, Inc. (a)	3,500		$ 150,938
Wild Oats Markets, Inc. (a)	14,375		101,299
			2,348,150
Food Products - 1.3%
AgriBioTech, Inc. (a)	1,400		11
Agribrands International, Inc. (a)	1,000		53,770
American Italian Pasta Co. Class A (a)	5,000		169,300
Aurora Foods, Inc. (a)	21,600		92,880
Bridgford Foods Corp.	110		1,409
Central Garden & Pet Co. Class A (a)	3,600		27,900
Chiquita Brands International, Inc. (a)	4,000		5,000
ConAgra Foods, Inc.	1		20
Corn Products International, Inc.	7,800		198,120
Dean Foods Co.	7,800		257,088
Del Monte Foods Co. (a)	3,300		28,215
Delta & Pine Land Co.	2,266		55,857
Dole Food Co., Inc.	8,500		140,250
Dreyer's Grand Ice Cream, Inc.	7,100		213,444
Earthgrains Co.	2,600		49,920
Eden Bioscience Corp.	5,300		96,725
Flowers Industries, Inc.	17,600		309,760
Gardenburger, Inc. (a)	5,600		4,550
Green Mountain Coffee, Inc. (a)	4,800		103,800
Hain Celestial Group, Inc. (a)	3,948		122,388
Horizon Organic Holding Corp. (a)	11,100		55,500
Hormel Foods Corp.	18,000		387,000
IBP, Inc.	19,900		528,345
Imperial Sugar Co. (a)	2,062		516
International Multifoods Corp.	700		13,153
Interstate Bakeries Corp.	8,800		143,968
J&J Snack Food Corp. (a)	100		1,613
J.M. Smucker Co.	500		12,950
Keebler Foods Co.	11,600		486,736
Lance, Inc.	8,500		100,406
M&F Worldwide Corp. (a)	300		1,305
McCormick & Co., Inc. (non-vtg.)	13,500		530,550
Michael Foods, Inc.	5,800		170,738
Midwest Grain Products, Inc.	200		1,738
Northland Cranberries, Inc. Class A	4,500		5,344
Opta Food Ingredients, Inc. (a)	2,500		3,750
Pierre Foods, Inc. (a)	38		40
Pilgrims Pride Corp. Class B	900		9,198
Ralcorp Holdings, Inc. (a)	1,650		29,535
Riviana Foods, Inc.	400		7,550
Sanderson Farms, Inc.	200		1,988
Seminis, Inc. Class A (a)	14,100		19,388
Sensient Technologies Corp.	12,100		261,965
Smithfield Foods, Inc. (a)	10,700		314,687
Suiza Foods Corp. (a)	3,747		183,491
Tasty Baking Co.	100		1,585
Tejon Ranch Co. (a)	400		8,600

	Shares		Value (Note 1)
Thorn Apple Valley, Inc. (a)	400		$ 12
Tootsie Roll Industries, Inc.	2,190		108,405
Tyson Foods, Inc. Class A	25,520		321,807
Vlasic Foods International, Inc. (a)	7,100		667
Zapata Corp. (a)	120		2,250
			5,645,187
Household Products - 0.1%
Church & Dwight Co., Inc.	3,100		67,766
Dial Corp.	9,000		126,630
Mace Security International, Inc. (a)	800		850
Oil-Dri Corp. of America	100		800
Paragon Trade Brands, Inc. warrants 1/28/10 (a)	5		36
U.S. Home & Garden, Inc. (a)	2,900		3,806
USA Detergents, Inc. (a)	2,800		15,225
			215,113
Personal Products - 0.3%
BriteSmile, Inc. (a)	1,400		6,978
Carter-Wallace, Inc.	9,300		250,170
Chattem, Inc. (a)	11,300		90,400
Elizabeth Arden, Inc. (a)	7,500		104,531
Enamelon, Inc. (a)	800		32
Estee Lauder Companies, Inc. Class A	16,800		649,152
First Years, Inc.	200		1,800
Nature's Sunshine Products, Inc.	300		2,288
NBTY, Inc. (a)	8,400		58,537
Nu Skin Enterprises, Inc. Class A	1,000		8,200
Omni Nutraceuticals, Inc. (a)	11,300		2,825
Perrigo Co. (a)	15,200		153,900
Playtex Products, Inc. (a)	1,900		18,430
Revlon, Inc. Class A (a)	2,200		11,374
Tristar Corp. (a)	100		475
Water Pik Technologies, Inc. (a)	4,400		35,200
Weider Nutrition International, Inc. Class A	400		1,136
			1,395,428
Tobacco - 0.3%
DIMON, Inc.	1,500		13,140
RJ Reynolds Tobacco Holdings, Inc.	17,900		1,011,350
Schweitzer-Mauduit International, Inc.	1,000		21,200
Standard Commercial Corp.	100		1,210
Universal Corp.	7,500		283,200
			1,330,100
TOTAL CONSUMER STAPLES			12,541,317
ENERGY - 4.8%
Energy Equipment & Services - 2.7%
Atwood Oceanics, Inc. (a)	4,300		187,351
BJ Services Co. (a)	10,400		790,400
Buckeye Partners LP	800		27,120
Cal Dive International, Inc. (a)	11,400		311,363
Carbo Ceramics, Inc.	300		11,700
Common Stocks - continued
	Shares		Value (Note 1)
ENERGY - continued
Energy Equipment & Services - continued
Chiles Offshore, Inc.	3,217		$ 67,557
Cooper Cameron Corp. (a)	6,000		358,680
Dawson Geophysical Co. (a)	6,700		66,163
Diamond Offshore Drilling, Inc.	18,400		770,960
Dril-Quip, Inc. (a)	1,400		39,130
ENSCO International, Inc.	16,400		625,004
Friede Goldman Halter, Inc. (a)	8,168		22,135
Global Industries Ltd. (a)	21,000		286,125
Global Marine, Inc. (a)	21,100		605,781
Grant Prideco, Inc. (a)	14,362		262,394
Grey Wolf, Inc. (a)	23,100		127,281
Gulf Island Fabrication, Inc. (a)	6,800		120,700
Gulfmark Offshore, Inc. (a)	100		3,369
Hanover Compressor Co. (a)	7,600		285,000
Helmerich & Payne, Inc.	12,100		627,869
Hydril Co.	3,000		61,125
Industrial Holdings, Inc. (a)	9,000		15,750
Input/Output, Inc. (a)	1,600		16,848
Kaneb Services, Inc. (a)	200		1,242
Key Energy Services, Inc. (a)	10,600		122,960
Lone Star Technologies, Inc. (a)	5,100		226,899
Marine Drilling Companies, Inc. (a)	6,200		180,730
Maverick Tube Corp. (a)	2,400		48,720
Metretek Technologies, Inc. (a)	2,400		3,900
Mitcham Industries, Inc. (a)	400		2,050
National-Oilwell, Inc.	11,740		424,988
Newpark Resources, Inc. (a)	9,900		78,705
Oceaneering International, Inc. (a)	3,800		78,280
Offshore Logistics, Inc. (a)	7,500		183,750
Oil States International, Inc.	7,000		63,490
OSCA, Inc. Class A	1,800		36,900
Parker Drilling Co. (a)	10,500		64,575
Patterson Energy, Inc. (a)	4,600		162,150
Plains All American Pipeline LP	4,900		107,800
Pride International, Inc. (a)	11,200		277,760
RPC, Inc.	1,900		24,225
Santa Fe International Corp.	19,500		730,275
SEACOR SMIT, Inc. (a)	4,200		200,970
Seitel, Inc. (a)	8,500		158,950
Smith International, Inc. (a)	5,600		423,360
Superior Energy Services, Inc. (a)	20,600		221,450
TETRA Technologies, Inc. (a)	400		8,280
Tidewater, Inc.	6,600		321,420
Tokheim Corp. Series C, warrants 10/20/06	100		38
TransMontaigne, Inc. (a)	1,000		3,680
Trico Marine Services, Inc. (a)	3,200		47,000
UNIFAB International, Inc. (a)	3,500		28,000
Unit Corp. (a)	4,300		78,475
Universal Compression Holdings, Inc.	3,900		136,500
UTI Energy Corp. (a)	5,200		186,888

	Shares		Value (Note 1)
Varco International, Inc. (a)	19,375		$ 434,581
Veritas DGC, Inc. (a)	3,000		90,450
W-H Energy Services, Inc.	5,200		104,000
Weatherford International, Inc.	13,262		690,022
			11,643,268
Oil & Gas - 2.1%
3Tec Energy Corp. (a)	6,000		101,625
American International Petroleum Corp. (a)	100		40
APCO Argentina, Inc.	100		3,263
Barrett Resources Corp. (a)	4,500		199,125
Belco Oil & Gas Corp. (a)	2,300		23,230
Bellwether Exploration Co. (a)	11,400		94,050
Benton Oil & Gas Co. (a)	3,900		6,981
Berry Petroleum Co. Class A	300		3,885
BP Prudhoe Bay Royalty Trust	9,400		135,454
Brigham Exploration Co. (a)	5,700		25,650
Cabot Oil & Gas Corp. Class A	7,500		203,250
Carrizo Oil & Gas, Inc. (a)	5,800		42,775
Castle Energy Corp.	900		5,400
Chesapeake Energy Corp. (a)	23,660		215,779
Comstock Resources, Inc. (a)	2,400		24,000
Contour Energy Co. (a)	7,900		15,800
Costilla Energy, Inc. (a)	100		1
Cross Timbers Oil Co.	9,375		231,281
Crown Central Petroleum Corp. Class B (a)	100		1,040
Denbury Resources, Inc. (a)	4,000		40,362
DevX Energy, Inc. (a)	1,900		13,538
Edge Petroleum Corp. (a)	3,600		31,050
EEX Corp. (a)	5,400		22,032
Energy Partners Ltd. (a)	4,100		46,617
Enterprise Products Partners LP	1,700		57,647
Equitable Resources, Inc.	7,100		407,540
Esenjay Exploration, Inc. (a)	14,500		68,875
Evans Systems, Inc. (a)	3,400		680
Evergreen Resources, Inc. (a)	5,100		160,905
Forest Oil Corp.	6,850		221,255
Frontier Oil Corp. (a)	500		4,300
FX Energy, Inc. (a)	6,700		27,219
Giant Industries, Inc. (a)	87		679
Greka Energy Corp.	5,266		66,812
Hallwood Energy Corp. (a)	374		3,495
Harken Energy Corp. (a)	23,440		134,780
Holly Corp.	300		6,255
Houston Exploration Co. (a)	8,000		240,800
HS Resources, Inc. (a)	4,900		189,385
Hugoton Royalty Trust	2,700		40,743
Inland Resources, Inc. (a)	10		15
Key Production Co., Inc. (a)	700		14,770
Louis Dreyfus Natural Gas Corp. (a)	8,600		310,976
Magnum Hunter Resources, Inc. (a)	2,400		26,520
Mallon Resources Corp. (a)	3,400		21,675
Markwest Hydrocarbon, Inc. (a)	800		6,400
Common Stocks - continued
	Shares		Value (Note 1)
ENERGY - continued
Oil & Gas - continued
McMoRan Exploration Co. (a)	88		$ 1,267
Meridian Resource Corp. (a)	4,800		37,200
Miller Exploration Co. (a)	7,400		10,175
Mitchell Energy & Development Corp. Class A	6,700		356,775
Murphy Oil Corp.	6,100		384,117
National Energy Group, Inc. (a)	5,428		9,160
Newfield Exploration Co. (a)	5,800		203,116
Noble Affiliates, Inc.	7,400		328,190
Nuevo Energy Co. (a)	1,800		30,420
Ocean Energy, Inc.	22,052		396,936
Parallel Petroleum Corp. (a)	4,100		18,194
Patina Oil & Gas Corp.	3,700		82,140
Penn Virginia Corp.	200		6,402
Pennzoil-Quaker State Co.	18,166		253,234
Petroleum Development Corp. (a)	6,500		39,406
Pioneer Natural Resources Co. (a)	10,500		176,925
Plains Resources, Inc. (a)	4,300		90,343
Pogo Producing Co.	5,500		145,035
Prima Energy Corp. (a)	4,200		123,900
Range Resources Corp. (a)	4,520		27,120
Remington Oil & Gas Corp. (a)	12,000		160,500
Seven Seas Petroleum, Inc. (a)	8,500		21,845
Spinnaker Exploration Co. (a)	6,700		254,600
St. Mary Land & Exploration Co.	6,800		151,725
Stone Energy Corp. (a)	5,043		272,322
Swift Energy Co. (a)	3,000		96,600
Syntroleum Corp. (a)	7,400		90,650
TEPPCO Partners LP	8,500		215,645
Tesoro Petroleum Corp. (a)	11,300		142,832
Tom Brown, Inc. (a)	9,200		307,625
Ultramar Diamond Shamrock Corp.	16,500		600,600
Valero Energy Corp.	8,000		293,200
Vintage Petroleum, Inc.	8,500		165,665
Western Gas Resources, Inc.	8,100		205,740
Westport Resources Corp. (a)	5,200		108,420
Williams Clayton Energy, Inc. (a)	4,000		78,000
Wiser Oil Co. (a)	1,800		11,304
			9,395,282
TOTAL ENERGY			21,038,550
FINANCIALS - 21.9%
Banks - 6.8%
1st Source Corp.	557		10,966
Abigail Adams National Bancorp, Inc.	1,700		17,850
Alabama National Bancorp	100		3,186
Allegiant Bancorp, Inc.	860		8,923
Alliance Bancorp	100		2,569
Ambanc Holding Co., Inc.	1,200		21,600
Amcore Financial, Inc.	5,600		111,650

	Shares		Value (Note 1)
American Pacific Bank of Oregon Class B (a)	3,080		$ 9,336
Anchor Bancorp Wisconsin, Inc.	1,500		22,664
Andover Bancorp, Inc.	300		10,500
Area Bankshares Corp.	300		4,800
Associated Banc-Corp.	14,657		510,247
Astoria Financial Corp.	7,290		398,672
BancorpSouth, Inc.	4,225		57,671
BancWest Corp.	6,120		158,875
Bank of Granite Corp.	325		6,663
Bank Plus Corp. (a)	4,000		18,500
BankAtlantic Bancorp, Inc. Class A (non-vtg.)	431		2,758
Banknorth Group, Inc.	26,663		538,259
BankUnited Financial Corp. Class A (a)	2,100		20,738
Banner Corp.	451		7,442
Bay View Capital Corp.	3,636		22,907
BB&T Corp.	4,567		165,006
BOK Financial Corp. (a)	3,266		75,526
Boston Private Financial Holdings, Inc.	7,500		127,031
BSB Bancorp, Inc.	300		5,419
Capital Crossing Bank (a)	1,200		16,200
Capitol Federal Financial	7,900		125,906
Cathay Bancorp, Inc.	100		5,819
Centura Banks, Inc.	9,260		466,797
Century South Banks, Inc.	300		9,975
CFS Bancorp, Inc.	800		8,800
Chemical Financial Corp.	242		6,126
Chittenden Corp.	1,867		58,344
Citizens Banking Corp.	11,734		294,817
City Holding Co.	1,011		9,225
City National Corp.	9,360		339,113
Cohoes Bancorp, Inc.	3,600		69,525
Colonial Bancgroup, Inc.	8,900		114,810
Commerce Bancorp, Inc.	7,100		422,450
Commerce Bancshares, Inc.	11,995		474,552
Commercial Federal Corp.	13,995		308,170
Commonwealth Bancorp, Inc.	2,100		37,144
Community First Bankshares, Inc.	12,500		250,781
Community Savings Bankshares, Inc.	700		9,669
Community Trust Bancorp, Inc.	341		5,456
Compass Bancshares, Inc.	22,050		469,941
Corus Bankshares, Inc.	500		24,688
CPB, Inc.	100		2,692
Cullen/Frost Bankers, Inc.	11,900		426,734
CVB Financial Corp.	226		3,503
Dime Bancorp, Inc.	13,700		409,630
Dime Bancorp, Inc. warrants 12/31/49 (a)	13,700		3,425
Dime Community Bancorp, Inc.	948		25,122
Downey Financial Corp.	6,810		293,171
Eagle Bancshares, Inc.	400		5,400
East West Bancorp, Inc.	10,000		230,625
F&M National Corp.	1,021		39,492
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Banks - continued
Fidelity National Corp., Georgia	2,900		$ 15,678
First BanCorp Puerto Rico	2,100		49,560
First Charter Corp.	1,584		23,760
First Citizen Bancshares, Inc.	700		65,888
First Commonwealth Financial Corp.	2,704		27,121
First Federal Capital Corp.	600		7,950
First Financial Bancorp Ohio	4,254		64,874
First Financial Bankshares, Inc.	110		3,603
First Financial Holdings, Inc.	200		4,188
First Indiana Corp.	420		9,732
First Midwest Bancorp, Inc.	8,864		247,084
First Niagara Financial Group, Inc.	6,100		69,769
First Place Financial Corp.	5,200		60,775
First Republic Bank (a)	300		10,353
First Sentinel Bancorp, Inc.	4,891		53,801
First Tennessee National Corp.	24,500		759,500
First Virginia Banks, Inc.	9,300		425,940
Firstfed America Bancorp, Inc.	100		1,545
FirstFed Financial Corp. (a)	7,300		213,890
FirstMerit Corp.	18,792		489,767
FirstSpartan Financial Corp.	400		14,425
Flagstar Bancorp, Inc.	2,300		52,181
Flushing Financial Corp.	750		13,406
FNB Corp. Pennsylvania	1,485		34,526
Fulton Financial Corp.	16,522		359,354
GBC Bancorp	4,695		146,425
Gold Banc Corp., Inc.	3,609		25,940
Golden State Bancorp, Inc.	23,224		636,338
Greater Bay Bancorp	9,000		300,375
Greenpoint Financial Corp.	16,200		558,900
Hancock Holding Co.	100		3,838
Harbor Florida Bancshares, Inc.	1,300		19,825
Hibernia Corp. Class A	31,800		461,100
HomeFed Corp. (a)	792		713
Hudson City Bancorp, Inc.	24,400		489,525
Hudson River Bancorp, Inc.	3,100		42,819
Hudson United Bancorp	13,888		311,508
IBERIABANK Corp.	600		15,000
Independence Community Bank Corp.	15,600		260,325
Independent Bank Corp.	500		7,281
Indymac Bancorp, Inc. (a)	14,400		380,304
Integra Bank Corp.	530		12,380
International Bancshares Corp.	1,531		54,829
Investors Financial Services Corp.	5,600		440,650
Irwin Financial Corp.	700		16,713
Klamath First Bancorp, Inc.	3,548		47,898
M&T Bank Corp.	15,900		1,089,150
MAF Bancorp., Inc.	1,600		42,200
Marshall & Ilsley Corp.	18,700		1,008,865
Mercantile Bankshares Corp.	13,800		533,888
MetroWest Bank	100		794

	Shares		Value (Note 1)
MidAmerica Bancorp	109		$ 2,611
Mississippi Valley Bancshares, Inc.	300		10,500
National City Bancorp.	110		2,269
National Commmerce Bancorp	35,800		915,137
National Penn Bancshares, Inc.	358		8,212
NBT Bancorp, Inc.	12,255		203,739
Net.B@nk, Inc. (a)	8,300		71,458
New York Community Bancorp, Inc.	10,032		393,129
North Fork Bancorp, Inc.	30,657		766,425
Northwest Bancorp, Inc.	2,600		23,563
OceanFirst Financial Corp.	2,500		53,594
Old National Bancorp	13,338		311,776
Omega Financial Corp.	200		5,238
Oriental Financial Group, Inc.	533		7,451
Pacific Capital Bancorp	1,500		42,469
Pacific Century Financial Corp.	17,100		332,766
Pacific Northwest Bancorp	1,850		29,947
Park National Corp.	715		62,491
PBOC Holdings, Inc. (a)	200		1,950
People's Bank	6,300		167,344
PFF Bancorp, Inc.	2,000		49,500
Popular, Inc.	24,100		656,725
Promistar Financial Corp.	720		12,105
Provident Bankshares Corp.	8,569		204,585
Provident Financial Group, Inc.	10,900		324,956
R&G Financial Corp. Class B	600		10,116
Republic Bancorp, Inc.	3,668		45,392
Republic Bancshares, Inc. (a)	1,100		14,850
Republic Security Financial Corp.	21,158		165,958
Richmond County Financial Corp.	8,200		221,400
Riggs National Corp.	10,300		158,363
Roslyn Bancorp, Inc.	17,035		421,616
S&T Bancorp, Inc.	880		20,158
Santander Bancorp	1,500		28,500
Seacoast Financial Services Corp.	2,777		41,655
Silicon Valley Bancshares (a)	6,100		170,419
Sky Financial Group, Inc.	18,988		328,730
South Financial Group, Inc.	2,470		35,661
Southwest Bancorp Texas, Inc. (a)	7,400		284,900
Sovereign Bancorp, Inc.	44,713		398,225
State Financial Services Corp. Class A	2,200		24,888
Staten Island Bancorp, Inc.	3,400		84,490
Sterling Bancshares, Inc.	9,950		178,478
Sterling Financial Corp. (a)	110		1,396
Sun Bancorp, Inc.	2,940		25,541
Susquehanna Bancshares, Inc.	1,400		25,113
TCF Financial Corp.	14,200		523,980
Texas Regional Bancshares, Inc. Class A	770		27,479
TF Financial Corp.	100		1,756
Timberland Bancorp, Inc.	500		6,750
Troy Financial Corp.	5,000		77,500
Trust Co. of New Jersey	600		10,088
Trustco Bank Corp.	5,761		71,292
Trustmark Corp.	17,100		372,994
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Banks - continued
UAB Financial Corp.	1,355		$ 50,897
UCBH Holdings, Inc.	4,500		252,281
Union Planters Corp.	43		1,637
UnionBanCal Corp.	27,600		734,712
United Bankshares, Inc.	3,070		69,843
United Community Financial Corp.	5,000		34,063
United National Bancorp	116		2,211
USABancShares, Inc. (a)	4,600		7,763
USBANCORP, Inc. Pennsylvania	600		2,438
Valley National Bancorp	8,931		250,336
W Holding Co., Inc.	3,000		35,625
Washington Federal, Inc.	15,352		399,152
Waypoint Financial Corp.	18,200		179,725
Webster Financial Corp.	12,116		344,549
WesBanco, Inc.	600		11,325
West Coast Bancorp	1,948		19,967
Westamerica Bancorp.	7,600		294,025
Westcorp, Inc.	1,920		32,621
Whitney Holding Corp.	1,400		53,813
Wilmington Trust Corp.	6,500		386,100
WSFS Financial Corp.	4,000		54,250
Zions Bancorp	14,168		813,775
			29,762,849
Diversified Financials - 2.9%
A.B. Watley Group, Inc. (a)	4,700		29,963
A.G. Edwards, Inc.	11,600		450,892
Aames Financial Corp. (a)	440		656
Acacia Research Corp. (a)	1,400		14,700
Ace Cash Express, Inc. (a)	100		1,300
ACMAT Corp. Class A (a)	6,500		52,813
Advanta Corp. Class A	8,600		113,950
Affiliated Managers Group, Inc. (a)	1,900		97,850
Affinity Technology Group, Inc. (a)	12,100		1,004
Alliance Capital Management Holding LP	34,100		1,594,516
Allied Capital Corp.	18,120		432,615
Allstate Financial Corp. (a)	400		360
American Capital Strategies Ltd.	9,700		244,016
American Insured Mortgage Investors LP Series 88	100		556
AmeriCredit Corp. (a)	8,400		287,112
Ameritrade Holding Corp. Class A (a)	25,600		209,600
Ampal-American Israel Corp. Class A (a)	4,900		30,472
AMRESCO, Inc. (a)	1,460		1,825
Amwest Insurance Group, Inc. (a)	7,300		7,665
Atalanta Sosnoff Capital Corp.	100		1,090
Bank United Litigation Contingent Payment Rights Trust rights 12/31/99 (a)	6,400		2,200
Cash America International, Inc.	1,700		10,795

	Shares		Value (Note 1)
Charter Municipal Mortgage Acceptance Co.	1,100		$ 16,258
CompuCredit Corp. (a)	6,700		59,463
Consumer Portfolio Services, Inc. (a)	600		1,125
ContiFinancial Corp. (a)	1,500		11
Credit Acceptance Corp. (a)	1,500		7,875
Doral Financial Corp.	11,900		339,894
DVI, Inc. (a)	600		9,960
E*Trade Group, Inc. (a)	40,460		364,545
E-Loan, Inc.	9,200		12,937
Eaton Vance Corp. (non-vtg.)	15,200		464,968
eSpeed, Inc. Class A (a)	2,200		55,413
Federal Agricultural Mortgage Corp. (a)	300		6,780
Federated Investors, Inc. Class B (non-vtg.)	20,749		560,223
Financial Federal Corp. (a)	800		23,680
Finova Group, Inc.	31,600		60,040
First Alliance Corp. (a)	700		168
Friedman, Billings, Ramsey Group, Inc. Class A (a)	3,900		23,985
Gilman & Ciocia, Inc. (a)	200		788
Global Capital Partners, Inc. (a)	4,800		4,200
GlobalNet Financial.com, Inc. (a)	2,600		2,600
Goldman Sachs Group, Inc.	20,600		1,890,050
Hamilton Bancorp, Inc. (a)	10,300		98,494
Harris & Harris Group, Inc.	5,500		12,719
Heller Financial, Inc. Class A	9,564		323,359
IMC Mortgage Co. (a)	1,800		20
Imperial Credit Industries (a)	1,500		1,500
JB Oxford Holdings, Inc. (a)	10,700		17,053
Jefferies Group, Inc.	1,300		38,870
John Nuveen Co. Class A	4,200		229,530
Knight Trading Group, Inc. (a)	16,400		266,500
LaBranche & Co., Inc. (a)	9,000		390,600
Legg Mason, Inc.	7,500		358,800
Liberty Financial Companies, Inc.	10,100		456,318
Medallion Financial Corp.	700		8,969
Metris Companies, Inc.	6,816		149,679
Meyerson & Co., Inc. (a)	1,100		4,263
Morgan Keegan, Inc.	1,400		37,590
Neuberger Berman, Inc.	9,100		679,770
New Century Financial Corp. (a)	6,200		62,000
NextCard, Inc. (a)	12,900		120,938
Ocwen Financial Corp. (a)	4,626		34,695
Olympic Cascade Financial Corp. (a)	1,000		3,250
PMC Capital, Inc.	100		908
Point West Capital Corp. (a)	2,100		1,181
Raymond James Financial, Inc.	10,000		331,000
Resource America, Inc. Class A	5,200		56,875
Resource Bancshares Mortgage Group, Inc.	810		6,379
SEI Investments Co.	8,700		743,442
Siebert Financial Corp.	1,400		7,350
SierraCities.com, Inc. (a)	17,000		95,625
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Diversified Financials - continued
Southwest Securities Group, Inc.	2,119		$ 44,287
Stifel Financial Corp.	110		1,447
Student Loan Corp.	1,900		120,631
T&W Financial Corp. (a)	600		5
TD Waterhouse Group, Inc. (a)	10,900		138,103
THCG, Inc. (a)	1,300		447
TradeStation Group, Inc. (a)	900		2,025
Tucker Anthony Sutro Corp.	500		11,775
UniCapital Corp. (a)	9,400		85
Waddell & Reed Financial, Inc. Class A	14,350		440,832
WFS Financial, Inc. (a)	2,100		40,556
Winfield Capital Corp. (a)	1,100		3,163
Wit Soundview Group, Inc. (a)	13,000		38,594
World Acceptance Corp. (a)	100		575
			12,871,115
Insurance - 7.2%
21st Century Holding Co.	8,200		20,500
21st Century Insurance Group	13,700		257,971
Acceptance Insurance Co., Inc. (a)	1,700		7,565
Alfa Corp.	6,600		129,113
Allcity Insurance Co. (a)	2,800		17,500
Alleghany Corp.	1,122		227,317
Allmerica Financial Corp.	10,000		531,500
American Financial Group, Inc.	9,300		223,200
American Medical Securities Group, Inc. (a)	500		3,250
American National Insurance Co.	4,100		299,364
Amerus Group Co.	7,734		226,220
Arch Capital Group Ltd. (a)	2,000		32,000
Argonaut Group, Inc.	4,100		71,173
Arthur J. Gallagher & Co.	14,000		357,420
Atlantic American Corp. (a)	400		794
Baldwin & Lyons, Inc. Class B	2,500		54,375
Berkshire Hathaway, Inc. Class A (a)	230		16,168,754
Brown & Brown, Inc.	2,300		89,700
Capitol Transamerica Corp.	2,900		36,431
Ceres Group, Inc. (a)	300		1,950
Citizens, Inc. Class A	115		713
Clark/Bardes Holdings, Inc. (a)	100		1,050
CNA Financial Corp. (a)	30,500		1,153,205
CNA Surety Corp.	7,400		98,494
Commerce Group, Inc.	5,700		169,860
Crawford & Co. Class B	4,600		54,740
Danielson Holding Corp. (a)	2,100		8,925
Delphi Financial Group, Inc. Class A (a)	1,044		35,851
Donegal Group, Inc.	7,433		81,763
E.W. Blanch Holdings, Inc.	5,100		42,432
EMC Insurance Group	7,500		77,813
Enhance Financial Services Group, Inc.	6,600		88,770
Erie Indemnity Co. Class A	6,900		191,475
Farm Family Holdings, Inc. (a)	1,200		52,488

	Shares		Value (Note 1)
FBL Financial Group, Inc. Class A	895		$ 13,380
Fidelity National Financial, Inc.	10,352		320,498
First American Corp.	9,850		299,440
FPIC Insurance Group, Inc. (a)	7,300		70,263
Fremont General Corp.	8,200		29,520
Frontier Insurance Group, Inc. (a)	8,950		985
Gainsco, Inc.	2,400		4,728
Great American Financial Resources, Inc.	2,400		45,528
Harleysville Group, Inc.	7,900		196,513
HCC Insurance Holdings, Inc.	7,900		185,808
HealthAxis, Inc. (a)	1,900		2,613
Highlands Insurance Group, Inc. (a)	3,800		31,122
Hilb, Rogal & Hamilton Co.	900		34,425
Horace Mann Educators Corp.	6,700		111,354
Independence Holding Co.	220		2,860
Investors Title Co.	5,500		82,500
John Hancock Financial Services, Inc.	50,200		1,726,880
Kansas City Life Insurance Co.	100		3,950
LandAmerica Financial Group, Inc.	2,400		86,160
Leucadia National Corp.	8,600		293,346
Markel Corp. (a)	1,500		269,625
Meadowbrook Insurance Group, Inc.	9,800		44,100
Medical Assurance, Inc.	4,468		68,807
MEEMIC Holdings, Inc. (a)	4,300		104,275
Merchants Group, Inc.	100		1,900
Mercury General Corp.	10,900		372,780
Meridian Insurance Group, Inc.	3,132		92,003
Motor Club of America (a)	7,800		64,350
National Security Group, Inc.	1,100		15,400
Nationwide Financial Services, Inc. Class A	3,200		132,480
Navigators Group, Inc. (a)	6,300		87,413
Nymagic, Inc.	2,200		40,480
Ohio Casualty Corp.	14,100		126,459
Old Republic International Corp.	17,800		502,850
Penn Treaty American Corp. (a)	200		3,736
Penn-America Group, Inc.	3,200		29,760
Philadelphia Consolidated Holding Corp. (a)	4,700		144,525
PICO Holdings, Inc. (a)	3,300		42,694
PMA Capital Corp. Class A	4,100		69,956
PMI Group, Inc.	6,700		375,267
Presidential Life Corp.	10,700		165,850
Professionals Group, Inc. (a)	1,900		45,719
Protective Life Corp.	12,515		376,702
Quotesmith.com, Inc. (a)	2,500		1,719
Radian Group, Inc.	5,786		357,864
Reinsurance Group of America, Inc.	4,894		189,153
Reliance Group Holdings, Inc. (a)	13,500		810
RLI Corp.	1,825		76,650
RTW, Inc. (a)	1,400		3,938
SCPIE Holding, Inc.	2,100		55,083
Selective Insurance Group, Inc.	4,400		95,700
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Insurance - continued
StanCorp Financial Group, Inc.	4,600		$ 179,860
State Auto Financial Corp.	6,600		103,538
Stewart Information Services Corp.	2,800		51,240
The Midland Co.	3,600		119,700
The MONY Group, Inc.	9,560		353,720
Transatlantic Holdings, Inc.	5,300		528,304
Trenwick Group Ltd.	5,390		118,364
Triad Guaranty, Inc. (a)	2,400		69,600
UICI (a)	3,300		27,060
Unico American Corp.	9,700		58,200
United Fire & Casualty Co.	3,900		81,656
Unitrin, Inc.	13,800		531,300
Vesta Insurance Group Corp.	2,200		15,070
W.R. Berkley Corp.	5,400		230,513
Wesco Financial Corp.	1,100		329,890
White Mountains Insurance Group Ltd.	1,170		365,040
Zenith National Insurance Corp.	3,100		84,630
			31,561,282
Real Estate - 5.0%
Acadia Realty Trust	100		620
Alexander's, Inc. (a)	100		6,601
Alexandria Real Estate Equities, Inc.	400		15,188
AMB Property Corp.	14,600		360,766
American Real Estate Partners LP (a)	200		1,970
AMLI Residential Properties Trust (SBI)	500		10,900
Annaly Mortgage Management, Inc.	3,500		40,250
Anthracite Capital, Inc.	300		2,820
Apartment Investment & Management Co. Class A	13,517		594,748
Archstone Communities Trust	22,500		551,475
Arden Realty Group, Inc.	12,700		302,895
Associated Estates Realty Corp.	700		6,083
AvalonBay Communities, Inc.	13,014		618,035
Avatar Holdings, Inc. (a)	1,100		24,200
Banyan Strategic Realty Trust (SBI)	100		588
Bedford Property Investors, Inc.	100		1,987
Bluegreen Corp. (a)	800		1,800
Boston Properties, Inc.	12,600		508,284
Boykin Lodging Co.	500		5,550
Brandywine Realty Trust	9,600		182,400
BRE Properties, Inc. Class A	9,800		286,944
Burnham Pacific Properties, Inc.	400		2,040
Cabot Industrial Trust	1,800		36,090
Cadiz, Inc. (a)	500		5,000
California Coastal Communities, Inc.	2,900		9,606
Camden Property Trust (SBI)	3,151		100,895
Capital Automotive	10,200		144,713
Capstead Mortgage Corp.	698		8,941
Captec Net Lease Realty, Inc.	7,200		87,750
CarrAmerica Realty Corp.	12,700		379,730
Catellus Development Corp. (a)	20,800		374,816

	Shares		Value (Note 1)
CB Richard Ellis Services, Inc. (a)	1,500		$ 23,235
CBL & Associates Properties, Inc.	900		24,030
Center Trust, Inc.	800		5,000
CenterPoint Properties Trust	800		36,840
Charles E. Smith Residential Realty, Inc.	900		39,015
Chateau Communities, Inc.	1,200		37,128
Chelsea Property Group, Inc.	500		20,665
Colonial Properties Trust (SBI)	2,600		69,706
Commercial Net Lease Realty, Inc.	1,000		11,250
Consolidated-Tomoka Land Co.	2,000		29,900
Corporate Office Properties Trust	100		980
Cousins Properties, Inc.	3,300		85,404
Crescent Real Estate Equities Co.	20,300		431,172
Criimi Mae, Inc. (a)	2,260		1,695
Crown American Realty Trust	900		6,120
Developers Diversified Realty Corp.	15,600		212,940
Duke-Weeks Realty Corp.	24,928		570,851
Eastgroup Properties, Inc.	500		11,050
Entertainment Properties Trust	11,300		156,505
Equity Inns, Inc.	11,300		86,219
Equity Office Properties Trust	49,087		1,414,687
Equity Residential Properties Trust (SBI)	20,889		1,088,317
Essex Property Trust, Inc.	3,900		195,585
Federal Realty Investment Trust (SBI)	2,400		47,520
FelCor Lodging Trust, Inc.	10,105		240,499
First Industrial Realty Trust, Inc.	8,800		289,080
First Union Real Estate Equity & Mortgage Investments	1,480		4,055
First Washington Realty Trust, Inc.	3,400		88,162
Forest City Enterprises, Inc. Class A	1,600		67,424
Franchise Finance Corp. of America	4,100		91,963
FrontLine Capital Group (a)	4,000		55,250
Gables Residential Trust (SBI)	1,000		27,300
General Growth Properties, Inc.	10,200		344,352
Getty Realty Corp.	400		5,980
Glenborough Realty Trust, Inc.	10,200		187,884
Glimcher Realty Trust (SBI)	800		11,760
Great Lakes REIT, Inc.	200		3,340
Grubb & Ellis Co. (a)	700		3,395
Health Care Property Investors, Inc.	6,124		191,742
Health Care REIT, Inc.	6,700		127,836
Healthcare Realty Trust, Inc.	14,066		312,406
Highwoods Properties, Inc.	12,400		308,760
Home Properties of New York, Inc.	600		16,170
Hospitality Properties Trust (SBI)	14,200		368,490
Host Marriott Corp.	43,200		545,184
HRPT Properties Trust	34,100		276,551
Humphrey Hospitality Trust, Inc.	130		914
Impac Mortgage Holdings, Inc.	700		2,926
Innkeepers USA Trust	7,100		78,171
Insignia Financial Group, Inc. (a)	1,266		16,521
IRT Property Co.	1,000		9,000
iStar Financial, Inc.	14,058		351,450
Jameson Inns, Inc.	100		713
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Real Estate - continued
JDN Realty Corp.	13,000		$ 164,450
Jones Lang LaSalle, Inc. (a)	2,400		33,840
JP Realty, Inc.	500		9,345
Kennedy-Wilson, Inc. (a)	2,000		7,438
Kilroy Realty Corp.	900		23,751
Kimco Realty Corp.	12,600		527,310
Koger Equity, Inc.	200		3,084
Kramont Realty Trust	100		1,047
Lexington Corporate Properties Trust	100		1,290
Liberty Property Trust (SBI)	13,100		352,783
LNR Property Corp.	800		22,480
LTC Properties, Inc.	200		804
Mack-Cali Realty Corp.	11,800		316,240
Manufactured Home Communities, Inc.	800		22,080
Meditrust Corp. unit (a)	30,134		109,989
MeriStar Hospitality Corp.	11,154		224,195
Merry Land Properties, Inc. (a)	65		435
MGI Properties, Inc.	400		210
Mid-America Apartment Communities, Inc.	700		15,260
Mills Corp.	11,700		225,927
National Golf Properties, Inc.	400		8,872
National Health Investors, Inc.	200		1,820
Nationwide Health Properties, Inc.	1,400		20,678
New Plan Excel Realty Trust	25,340		384,154
Newhall Land & Farming Co.	2,700		71,550
Omega Healthcare Investors, Inc.	9,400		21,620
Pacific Gulf Properties, Inc.	6,000		39,300
Pan Pacific Retail Properties, Inc.	910		20,466
Parkway Properties, Inc.	100		2,910
Pennsylvania Real Estate Investment Trust (SBI)	400		8,580
Pinnacle Holdings, Inc. (a)	6,400		60,600
Post Properties, Inc.	7,100		259,150
Prentiss Properties Trust (SBI)	6,100		150,670
ProLogis Trust	29,420		603,698
PS Business Parks, Inc.	100		2,725
Public Storage, Inc.	20,872		537,037
Realty Income Corp.	800		20,160
Reckson Associates Realty Corp.	10,500		244,650
Redwood Trust, Inc.	300		5,754
Regency Centers Corp.	3,800		91,010
ResortQuest International, Inc. (a)	1,600		14,080
RFS Hotel Investors, Inc.	900		12,600
Saul Centers, Inc.	100		1,850
Security Capital Group, Inc. Class B (a)	12,000		248,640
Senior Housing Properties Trust (SBI)	940		9,710
Shurgard Storage Centers, Inc. Class A	1,200		30,036
Simon Property Group, Inc.	29,100		745,251
SL Green Realty Corp.	600		16,848
Sovran Self Storage, Inc.	400		8,836

	Shares		Value (Note 1)
Spieker Properties, Inc.	11,800		$ 660,564
Storage USA, Inc.	1,500		44,700
Summit Properties, Inc.	1,100		25,641
Sun Communities, Inc.	500		16,050
Talk Visual Corp. (a)	10,800		713
Tanger Factory Outlet Centers, Inc.	100		2,175
Taubman Centers, Inc.	1,700		19,635
The Macerich Co.	1,500		31,110
The Rouse Co.	13,800		345,690
The St. Joe Co.	8,500		194,990
Thornburg Mortgage, Inc.	600		6,786
Town & Country Trust	500		9,750
Trammell Crow Co. (a)	3,000		37,050
Trendwest Resorts, Inc. (a)	1,000		28,313
United Dominion Realty Trust, Inc.	31,100		375,066
Universal Health Realty Income Trust	100		2,001
Ventas, Inc.	2,000		16,860
Vornado Operating Co. (a)	81		356
Vornado Realty Trust	16,624		628,553
Washington (REIT) (SBI)	700		15,400
Weingarten Realty Investors (SBI)	1,600		67,184
Wellsford Real Properties, Inc. (a)	312		5,145
Westfield America, Inc.	4,500		74,385
Winston Hotels, Inc.	500		4,175
			21,624,282
TOTAL FINANCIALS			95,819,528
HEALTH CARE - 11.4%
Biotechnology - 4.3%
Aastrom Biosciences, Inc. (a)	15,600		15,600
Abgenix, Inc. (a)	11,600		394,400
Advanced Polymer Systems, Inc. (a)	200		400
Advanced Tissue Sciences, Inc. Class A (a)	10,100		40,400
Affymetrix, Inc. (a)	7,400		423,997
Albany Molecular Research, Inc. (a)	5,200		267,800
Alexion Pharmaceuticals, Inc. (a)	2,000		58,750
Alkermes, Inc. (a)	6,600		204,600
Allergan Specialty Therapeutics, Inc. Class A (a)	400		9,725
Alliance Pharmaceutical Corp. (a)	10,400		26,000
American Biogenetic Sciences Class A (a)	14,800		13,875
Amylin Pharmaceuticals, Inc. (a)	14,800		138,750
Aphton Corp. (a)	200		3,575
Applera Corp. - Celera Genomics Group (a)	7,800		339,300
Applied Molecular Evolution, Inc.	2,800		33,775
Arena Pharmaceuticals, Inc.	2,800		62,650
ArQule, Inc. (a)	3,800		68,400
Aurora Biosciences Corp. (a)	2,100		38,325
AutoImmune, Inc. (a)	19,900		42,288
Avant Immunotherapeutics, Inc. (a)	9,200		48,875
AVAX Technologies, Inc. (a)	4,900		12,863
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Biotechnology - continued
AVI BioPharma, Inc. (a)	9,900		$ 55,688
Avigen, Inc. (a)	4,800		75,300
Aviron (a)	3,000		125,813
Bio-Technology General Corp. (a)	4,700		35,250
BioCryst Pharmaceuticals, Inc. (a)	8,000		50,000
Biopure Corp. (a)	5,000		94,375
BioReliance Corp. (a)	100		1,425
BioShield Technologies, Inc. (a)	3,500		1,203
BioSource International, Inc. (a)	3,600		35,100
BioSphere Medical, Inc. (a)	2,400		26,700
BioTime, Inc. (a)	500		4,400
Biotransplant, Inc. (a)	7,200		39,600
Cel-Sci Corp. (a)	5,700		11,115
Celgene Corp. (a)	8,900		232,513
Cell Genesys, Inc. (a)	3,200		51,400
Cell Therapeutics, Inc. (a)	3,000		71,438
Cephalon, Inc. (a)	4,763		262,263
Cepheid, Inc.	3,200		16,400
Charles River Labs International, Inc.	5,300		128,260
Ciphergen Biosystems, Inc.	3,500		22,094
Connetics Corp. (a)	11,400		57,000
COR Therapeutics, Inc. (a)	6,800		233,750
Corvas International, Inc. (a)	5,300		53,331
Covalent Group, Inc. (a)	7,800		18,038
Cubist Pharmaceuticals, Inc. (a)	2,700		80,325
CuraGen Corp. (a)	5,200		144,625
CV Therapeutics, Inc. (a)	3,500		125,125
CYTOGEN Corp. (a)	7,000		26,031
Cytrx Corp. (a)	9,300		9,009
Diacrin, Inc. (a)	100		438
Digene Corp. (a)	4,000		114,750
Diversa Corp.	4,150		63,288
Embrex, Inc. (a)	4,400		62,150
Enchira Biotechnology Corp. (a)	4,100		14,863
EntreMed, Inc. (a)	1,300		25,431
Enzo Biochem, Inc.	2,635		50,856
Enzon, Inc. (a)	5,300		336,881
Epimmune, Inc. (a)	6,800		20,825
Exelixis, Inc.	8,500		91,375
First Consulting Group, Inc. (a)	2,700		24,638
Fusion Medical Technologies, Inc. (a)	4,000		18,500
Gene Logic, Inc. (a)	3,100		62,194
Genelabs Technologies, Inc. (a)	4,000		24,750
Genencor International, Inc.	7,900		126,400
Genentech, Inc.	25,600		1,344,000
Genome Therapeutics Corp. (a)	2,500		20,547
Genta, Inc. (a)	7,700		51,975
Genzyme Corp.:
Biosurgery Division (a)	5,344		35,738
General Division (a)	12,100		1,064,044
Genzyme Transgenics Corp. (a)	4,700		30,844

	Shares		Value (Note 1)
Geron Corp. (a)	1,800		$ 27,675
Gilead Sciences, Inc. (a)	12,600		470,925
Hemispherx Biopharma, Inc. (a)	1,100		4,785
Heska Corp. (a)	3,000		3,188
Human Genome Sciences, Inc. (a)	17,300		950,419
Hyseq, Inc. (a)	4,900		59,413
ICOS Corp. (a)	8,400		454,650
IDEC Pharmaceuticals Corp. (a)	20,700		1,166,963
IDEXX Laboratories, Inc. (a)	8,000		188,500
Ilex Oncology, Inc. (a)	5,800		107,300
ImClone Systems, Inc. (a)	8,500		300,688
Immtech International, Inc. (a)	700		5,775
Immune Response Corp. (a)	2,600		7,150
ImmunoGen, Inc. (a)	3,800		59,850
Immunomedics, Inc. (a)	6,500		84,094
Incyte Genomics, Inc. (a)	7,700		129,456
Interferon Sciences, Inc. (a)	20		9
Interneuron Pharmaceuticals, Inc. (a)	10,800		37,800
Invitrogen Corp. (a)	6,487		522,204
Kendle International, Inc. (a)	3,600		48,375
Kos Pharmaceuticals, Inc. (a)	5,500		96,250
Kosan Biosciences, Inc. (a)	3,300		33,000
Lexicon Genetics, Inc.	6,300		58,275
LifeCell Corp. (a)	9,400		21,738
Ligand Pharmaceuticals, Inc. Class B (a)	7,800		88,725
Luminex Corp.	2,800		86,275
Lynx Therapeutics, Inc. (a)	4,700		48,616
Matrix Pharmaceutical, Inc. (a)	7,600		86,925
Maxim Pharmaceuticals, Inc. (a)	3,100		18,600
Maxygen, Inc. (a)	6,300		100,013
Medarex, Inc. (a)	9,800		250,513
Microcide Pharmaceuticals, Inc. (a)	6,300		37,800
Millennium Pharmaceuticals, Inc. (a)	28,932		976,455
Myriad Genetics, Inc. (a)	2,800		155,050
Nanogen, Inc. (a)	1,900		13,775
Neopharm, Inc. (a)	3,700		80,938
NeoRX Corp. (a)	2,500		16,875
Neose Technologies, Inc. (a)	4,300		134,375
Neurobiological Technologies (a)	4,900		13,781
Neurocrine Biosciences, Inc. (a)	5,300		115,606
Neurogen Corp. (a)	2,600		69,875
Nexell Therapeutics, Inc. (a)	4,125		11,988
Northfield Laboratories, Inc. (a)	4,900		62,169
Novavax, Inc. (a)	100		801
ONYX Pharmaceuticals, Inc. (a)	1,900		19,238
OraSure Technologies, Inc. (a)	5,800		50,388
Orchid BioSciences, Inc.	4,400		31,900
Organogenesis, Inc. (a)	931		10,986
Ortec International, Inc. (a)	200		1,350
OSI Pharmaceuticals, Inc. (a)	4,900		213,763
OXiGENE, Inc. (a)	2,400		18,750
Paradigm Genetics, Inc.	6,200		34,100
Peregrine Pharmaceuticals, Inc. (a)	18,900		25,988
Pharmacopeia, Inc. (a)	2,300		46,288
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Biotechnology - continued
Progenics Pharmaceuticals, Inc. (a)	3,900		$ 57,525
Protein Design Labs, Inc. (a)	5,800		363,225
Regeneron Pharmaceuticals, Inc. (a)	7,500		235,313
Repligen Corp. (a)	9,800		39,813
Ribozyme Pharmaceuticals, Inc. (a)	1,200		9,450
SafeScience, Inc. (a)	1,200		1,312
Sangstat Medical Corp. (a)	7,100		74,550
SciClone Pharmaceuticals, Inc. (a)	2,500		12,578
Scios, Inc. (a)	10,200		179,138
Sepracor, Inc. (a)	10,100		524,569
Sequenom, Inc.	3,130		35,213
Serologicals Corp. (a)	9,050		99,550
Shaman Pharmaceuticals, Inc. (a)	1		0
Siga Pharmaceuticals, Inc. (a)	5,500		12,031
Spectrx, Inc. (a)	100		788
StemCells, Inc. (a)	8,800		23,925
Strategic Diagnostics, Inc. (a)	4,000		12,500
Synaptic Pharmaceutical Corp. (a)	10,000		48,125
Tanox, Inc.	7,700		260,356
Targeted Genetics Corp. (a)	7,500		32,109
Techne Corp. (a)	5,400		145,463
Texas Biotechnology Corp. (a)	3,700		29,119
Titan Pharmaceuticals, Inc. (a)	3,400		105,400
Transkaryotic Therapies, Inc. (a)	3,000		50,016
Trega Biosciences, Inc. (a)	10,900		8,516
Triangle Pharmaceuticals, Inc.	13,200		76,725
Trimeris, Inc. (a)	3,300		151,027
Unigene Laboratories, Inc. (a)	11,200		11,424
V.I. Technologies, Inc. (a)	1,600		9,800
Valentis, Inc. (a)	4,457		33,706
Vertex Pharmaceuticals, Inc. (a)	8,000		398,000
Vical, Inc. (a)	4,600		64,400
Vion Pharmaceuticals, Inc. (a)	8,900		52,844
Viragen, Inc. (a)	22,000		25,520
ViroPharma, Inc. (a)	2,000		48,000
Vysis, Inc. (a)	2,700		27,000
XOMA Ltd. (a)	8,400		60,638
			18,896,462
Health Care Equipment & Supplies - 2.1%
1-800 CONTACTS, Inc. (a)	3,400		66,513
Abiomed, Inc. (a)	4,600		104,650
Advanced Neuromodulation Systems, Inc. (a)	3,100		41,656
Aerogen, Inc.	10,600		63,600
ALARIS Medical, Inc. (a)	1,900		1,805
Align Technology, Inc.	6,700		50,250
AMBI, Inc. (a)	17,400		14,681
Angeion Corp. (a)	40		45
Anika Therapeutics, Inc. (a)	1,100		1,375
Apogent Technologies, Inc.	18,200		365,456
Applied Imaging Corp. (a)	7,900		17,528

	Shares		Value (Note 1)
Aradigm Corp. (a)	5,500		$ 50,875
Arrow International, Inc.	1,600		58,500
Arthrocare Corp. (a)	2,800		50,050
ATS Medical, Inc. (a)	6,700		73,281
Avitar, Inc. (a)	2,400		2,400
Bacou USA, Inc. (a)	600		15,210
Beckman Coulter, Inc.	8,000		323,600
Bio-Rad Laboratories, Inc. Class A (a)	300		10,515
Bio-Vascular, Inc. (a)	400		2,250
BioLase Technology, Inc. (a)	8,000		19,000
Bionx Implants, Inc. (a)	17		26
Biosite Diagnostics, Inc. (a)	3,500		133,219
Boston Biomedica, Inc. (a)	5,200		8,450
Bruker Daltonics, Inc.	7,200		130,050
Caliper Technologies Corp. (a)	2,500		63,750
Calypte Biomedical Corp. (a)	19,700		22,163
Cambridge Heart, Inc. (a)	1,200		3,525
Candela Corp. (a)	10,200		72,038
Cardiac Pathways Corp. (a)	20		69
Cardima, Inc. (a)	13,600		5,950
Cardiodynamics International Corp. (a)	7,700		24,303
Carrington Laboratories, Inc. (a)	5,500		6,531
Cerus Corp. (a)	3,300		191,194
Cholestech Corp. (a)	100		513
Chromavision Medical Systems, Inc. (a)	13,100		67,956
Closure Medical Corp. (a)	3,900		77,269
CNS., Inc. (a)	4,000		18,000
Coherent, Inc. (a)	3,900		163,313
Cohesion Technologies, Inc. (a)	5,900		26,550
Colorado Medtech, Inc. (a)	8,400		37,275
Computer Motion, Inc. (a)	1,900		9,619
Conceptus, Inc. (a)	6,800		85,425
CONMED Corp. (a)	4,400		100,925
Cooper Companies, Inc.	1,300		53,170
Curon Medical, Inc.	10,800		54,000
Cyberonics, Inc. (a)	2,500		57,188
Cygnus, Inc. (a)	6,300		32,878
Cytyc Corp. (a)	4,700		295,513
Datascope Corp.	3,500		121,406
DENTSPLY International, Inc.	10,000		376,250
Diagnostic Products Corp.	500		26,360
Diametrics Medical, Inc. (a)	4,600		24,438
Dyax Corp.	2,400		36,000
E-Z-EM, Inc. Class A (a)	100		589
Eclipse Surgical Technologies (a)	2,780		3,649
Edwards Lifesciences Corp. (a)	7,200		150,840
Endocare, Inc. (a)	4,500		54,000
Epix Medical, Inc. (a)	100		913
Genomic Solutions, Inc.	5,500		36,781
Gliatech, Inc. (a)	8,900		24,475
Gum Tech International, Inc. (a)	6,100		42,700
Haemonetics Corp. (a)	1,000		28,980
Heartport, Inc. (a)	6,100		15,822
Hillenbrand Industries, Inc.	11,200		567,840
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Hologic, Inc. (a)	4,700		$ 26,438
Hycor Biomedical, Inc. (a)	7,800		58,013
I-Flow Corp. (a)	11,300		23,306
I-Stat Corp. (a)	100		1,950
ICU Medical, Inc. (a)	100		3,013
IGEN International, Inc. (a)	4,500		58,500
Illumina, Inc.	4,200		63,000
Imatron, Inc. (a)	12,700		22,225
Immucor, Inc. (a)	5,800		19,575
Implant Sciences Corp. (a)	300		2,160
INAMED Corp. (a)	5,500		122,375
Inhale Therapeutic Systems, Inc. (a)	5,100		142,163
Integrated Surgial Systems, Inc. (a)	3,500		700
Interpore International, Inc. (a)	8,000		31,000
Intuitive Surgical, Inc.	4,800		34,800
Invacare Corp.	1,900		69,065
Inverness Medical Technology, Inc. (a)	1,564		43,792
Iridex Corp. (a)	100		500
Isolyser, Inc. (a)	1,000		1,031
Kensey Nash Corp. (a)	1,300		14,625
KeraVision, Inc. (a)	3,600		1,350
Laser Vision Centers, Inc. (a)	2,000		9,500
LaserSight, Inc. (a)	15,400		22,619
Lifecore Biomedical, Inc. (a)	1,700		8,447
Matritech, Inc. (a)	15,100		55,681
Medical-Design Corp. (a)	4,400		69,300
Mentor Corp.	5,400		124,538
Meridian Bioscience, Inc.	100		275
Merit Medical Systems, Inc. (a)	100		563
Mesa Laboratories, Inc. (a)	100		513
Micro Therapeutics, Inc. (a)	1,700		9,350
MiniMed, Inc. (a)	8,500		300,688
Minntech Corp.	100		756
Molecular Devices Corp. (a)	2,470		165,953
Nabi (a)	14,700		73,500
North American Scientific, Inc. (a)	3,000		21,375
Novametrix Medical Systems, Inc. (a)	200		806
Noven Pharmaceuticals, Inc. (a)	3,000		97,500
Novoste Corp. (a)	2,000		67,000
Ocular Sciences, Inc. (a)	7,100		122,475
Optical Sensors, Inc. (a)	100		44
ORATEC Interventions, Inc.	6,500		44,078
Orthologic Corp. (a)	27,800		123,363
Osteotech, Inc. (a)	8,100		51,638
Palomar Medical Technologies, Inc. (a)	185		295
Paradigm Medical Industries, Inc. (a)	3,600		8,325
PharmaNetics, Inc. (a)	100		906
Physiometrix, Inc. (a)	3,200		28,000
PolyMedica Corp. (a)	400		15,500
Possis Medical, Inc. (a)	13,400		68,675
Precision Optics Corp., Inc. (a)	5,100		12,272

	Shares		Value (Note 1)
Q-Medical, Inc. (a)	100		$ 713
Quidel Corp. (a)	11,800		56,050
Radiance Medical Systems, Inc. (a)	11,400		65,550
Resmed, Inc. (a)	2,800		125,888
Respironics, Inc. (a)	7,692		193,262
Scott Technologies, Inc. (a)	1,000		22,750
Sola International, Inc. (a)	1,600		14,720
Sonic Innovations, Inc.	6,800		50,150
SonoSight, Inc. (a)	4,300		63,156
Spacelabs Medical, Inc. (a)	7,000		85,750
Staar Surgical Co. (a)	5,800		52,200
Steris Corp. (a)	4,900		91,630
Sunrise Technologies, Inc. (a)	4,700		9,694
SurModics, Inc. (a)	4,200		130,397
Swissray International, Inc. (a)	3,700		2,081
Sybron Dental Specialties, Inc. (a)	6,066		119,197
Symphonix Devices, Inc. (a)	12,000		26,250
TCPI, Inc. (a)	14,500		754
Theragenics Corp. (a)	1,000		6,650
Third Wave Technologies, Inc.	5,600		53,550
Thoratec Laboratories Corp. (a)	10,285		93,208
Transgenomic, Inc.	4,700		32,900
TriPath Imaging, Inc. (a)	10,932		105,904
Urologix, Inc. (a)	600		10,950
Uromed Corp. (a)	8,120		23,853
Varian Medical Systems, Inc. (a)	3,200		212,480
Vasomedical, Inc. (a)	6,100		30,691
Ventana Medical Systems, Inc. (a)	4,300		97,019
VISX, Inc. (a)	6,200		105,710
Vital Signs, Inc.	4,300		168,372
Voxel (a)	100		1
West Pharmaceutical Services, Inc.	479		12,023
Zoll Medical Corp. (a)	1,200		50,475
			8,942,639
Health Care Providers & Services - 3.1%
Accredo Health, Inc. (a)	5,175		150,398
AdvancePCS (a)	3,400		150,875
AHT Corp. (a)	1,200		2
Aksys Ltd. (a)	100		800
Alterra Healthcare Corp. (a)	600		444
American Healthways, Inc. (a)	100		1,675
American Retirement Corp. (a)	600		2,550
AmeriPath, Inc. (a)	7,800		153,075
AmeriSource Health Corp. Class A (a)	6,200		333,064
Amsurg Corp. Class A (a)	6,309		121,448
Andrx Group (a)	10,100		578,383
Apria Healthcare Group, Inc. (a)	11,300		278,093
AVIDYN, Inc. (a)	400		2,375
Bergen Brunswig Corp. Class A	24,825		446,602
Boron LePore & Associates, Inc. (a)	500		5,844
Capital Senior Living Corp. (a)	600		1,380
Caremark Rx, Inc. (a)	26,300		368,200
Carematrix Corp. (a)	139		35
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Health Care Providers & Services - continued
Carriage Services, Inc. Class A (a)	2,100		$ 5,460
Chronimed, Inc.	700		10,019
Claimsnet.com, Inc. (a)	2,700		4,388
Clintrials Research, Inc. (a)	200		1,175
Community Health Systems, Inc. (a)	10,400		292,760
Comprehensive Care Corp. (a)	300		38
Core, Inc. (a)	7,300		20,075
Corvel Corp. (a)	300		10,650
Covance, Inc. (a)	4,800		72,000
Coventry Health Care, Inc. (a)	12,600		231,525
Cryolife, Inc. (a)	5,550		152,625
Curative Health Services, Inc. (a)	3,200		19,200
Cyber-Care, Inc. (a)	6,000		19,500
DaVita, Inc. (a)	8,100		142,398
Diagnostic Health Services, Inc. (a)	600		1
Dianon Systems, Inc. (a)	2,900		98,600
Express Scripts, Inc. Class A (a)	6,400		574,000
First Health Group Corp. (a)	6,600		281,738
Fonar Corp. (a)	21,000		22,641
Gentiva Health Services, Inc. (a)	8,500		161,500
Global Unilabs Clinical Trials Ltd.	100		0
Health Grades, Inc. (a)	100		34
Health Management Associates, Inc. Class A (a)	31,900		551,870
Health Net, Inc. (a)	22,100		485,537
Health Risk Management, Inc. (a)	100		688
HealthCare Integrated Services, Inc. (a)	5,000		7,100
Healthcare Recoveries, Inc. (a)	1,300		5,038
Healthcare.com Corp. (a)	6,300		11,025
HealthExtras, Inc. (a)	2,000		11,375
HealthGate Data Corp. (a)	5,200		2,113
Healthplan Services Corp. (a)	2,200		19,910
Henry Schein, Inc. (a)	7,700		219,931
Hooper Holmes, Inc.	6,400		51,200
IMPATH, Inc. (a)	2,100		104,869
Infu-Tech, Inc. (a)	2,400		4,050
Innovative Clinical Solutions Ltd. (a)	35		20
Laboratory Corp. of America Holdings (a)	4,640		744,720
LCA-Vision, Inc. (a)	5,800		15,950
Lifepoint Hospitals, Inc. (a)	6,700		260,463
Lincare Holdings, Inc. (a)	6,500		383,094
LTC Healthcare, Inc. (a)	20		25
Magellan Health Services, Inc. (a)	1,100		9,350
Matria Healthcare, Inc. (a)	750		10,688
Maxicare Health Plans, Inc. (a)	600		450
Maximus, Inc. (a)	700		24,584
Medical Resources, Inc. (a)	133		3
Mid-Atlantic Medical Services, Inc. (a)	3,300		64,878
MIM Corp. (a)	8,500		15,938
Monarch Dental Corp. (a)	400		87

	Shares		Value (Note 1)
NCS HealthCare, Inc. Class A (a)	10,900		$ 3,747
NovaMed Eyecare, Inc. (a)	5,200		12,513
Omnicare, Inc.	9,600		212,832
Orthodontic Centers of America, Inc. (a)	4,700		110,450
Owens & Minor, Inc.	1,100		16,456
Oxford Health Plans, Inc. (a)	10,700		353,769
PacifiCare Health Systems, Inc. (a)	7,500		293,438
Paracelsus Healthcare Corp. (a)	300		3
PAREXEL International Corp. (a)	4,400		71,775
Patterson Dental Co. (a)	11,300		357,363
Pediatrix Medical Group (a)	6,900		155,595
Pharmaceutical Product Development, Inc. (a)	6,100		339,694
Phycor, Inc. (a)	20,900		1,359
PMR Corp.	300		563
Prime Medical Services, Inc. (a)	500		3,375
Priority Healthcare Corp. Class B (a)	7,512		307,053
Professional Detailing, Inc. (a)	1,900		99,038
Promedco Management Co. (a)	6,200		496
Province Healthcare Co. (a)	4,100		143,244
ProxyMed, Inc. (a)	4,500		6,609
PSS World Medical, Inc. (a)	23,275		103,283
Psychemedics Corp.	300		1,473
Quest Diagnostics, Inc. (a)	6,200		653,480
Quorum Health Group, Inc. (a)	17,000		283,688
RehabCare Group, Inc. (a)	2,000		92,000
Renal Care Group, Inc. (a)	6,200		163,912
Res-Care, Inc. (a)	6,750		46,406
Rightchoice Managed Care, Inc. (a)	1,200		48,480
Rural/Metro Corp. (a)	2,000		2,875
Service Corp. International (SCI) (a)	30,500		108,885
Sierra Health Services, Inc. (a)	6,800		35,700
Specialty Laboratories, Inc. (a)	3,000		82,350
Stewart Enterprises, Inc. Class A	38,000		127,062
Sunquest Information Systems, Inc. (a)	200		2,363
Sunrise Assisted Living, Inc. (a)	6,400		152,000
Syncor International Corp. (a)	5,900		206,500
Triad Hospitals, Inc. (a)	4,900		160,169
Trigon Healthcare, Inc. (a)	4,800		288,912
U.S. Oncology, Inc. (a)	20,058		210,609
U.S. Physical Therapy, Inc. (a)	9,000		150,750
UniHolding Corp. (a)	100		200
United Wisconsin Services, Inc.	200		1,260
UnitedHealth Group, Inc.	952		56,387
Universal Health Services, Inc. Class B (a)	3,500		314,125
Urocor, Inc. (a)	9,100		88,725
Ventiv Health, Inc. (a)	3,465		56,090
Vision Twenty-One, Inc. (a)	2,000		80
			13,647,662
Pharmaceuticals - 1.9%
3 Dimensional Pharmaceuticals, Inc.	2,600		27,625
aaiPharma, Inc. (a)	900		9,000
Aclara Biosciences, Inc.	3,600		19,350
Common Stocks - continued
	Shares		Value (Note 1)
HEALTH CARE - continued
Pharmaceuticals - continued
Adolor Corp.	9,600		$ 179,400
Akorn, Inc. (a)	13,700		38,103
Alpharma, Inc. Class A	5,400		179,550
Antigenics, Inc.	3,827		59,797
Argonaut Technologies, Inc.	2,100		12,600
ARIAD Pharmaceuticals, Inc. (a)	3,500		18,813
Aronex Pharmaceuticals, Inc. (a)	16,100		17,609
Atrix Laboratories, Inc. (a)	5,400		101,925
AVANIR Pharmaceuticals Class A (a)	7,300		42,997
AXYS Pharmaceuticals, Inc. (a)	10,935		46,474
Barr Laboratories, Inc. (a)	4,050		225,180
Bone Care International, Inc. (a)	100		1,775
Boston Life Sciences, Inc. (a)	7,300		33,763
Bradley Pharmaceuticals, Inc. (a)	1,200		2,250
Cell Pathways, Inc. (a)	9,300		55,509
Cellegy Pharmaceuticals, Inc. (a)	5,300		31,800
CIMA Labs, Inc. (a)	2,500		145,625
Collagenex Pharmaceuticals, Inc. (a)	4,900		24,806
Columbia Laboratories, Inc. (a)	1,000		6,140
Corixa Corp. (a)	5,404		83,762
Cortex Pharmaceuticals, Inc. (a)	7,500		13,125
Cypress Bioscience, Inc. (a)	23,700		14,813
Cytoclonal Pharmaceuticals, Inc. (a)	6,300		36,619
Discovery Laboratories, Inc. (a)	10,400		45,500
Duramed Pharmaceuticals, Inc. (a)	10,200		61,200
Durect Corp.	6,300		43,313
Emisphere Technologies, Inc.	2,100		49,350
Endo Pharmaceuticals Holdings, Inc. (a)	10,300		70,169
Endo Pharmaceuticals Holdings, Inc. warrants 12/31/02 (a)	600		150
Ergo Science Corp. (a)	8,000		6,250
Genzyme Corp. - Molecular Oncology (a)	5,483		56,886
Guilford Pharmaceuticals, Inc. (a)	5,700		128,606
Hollis-Eden Pharmaceutcals, Inc. (a)	9,300		36,619
ICN Pharmaceuticals, Inc.	9,700		257,632
Immunex Corp. (a)	80,300		2,614,769
InKine Pharmaceutical, Inc. (a)	6,500		44,281
Insmed, Inc. (a)	17,300		86,500
Inspire Pharmaceuticals, Inc.	3,300		30,938
Intermune Pharmaceuticals, Inc.	4,600		130,238
Isis Pharmaceuticals Co. (a)	9,900		107,663
IVAX Corp. (a)	22,400		840,000
KV Pharmaceutical Co. Class A (a)	3,225		79,658
La Jolla Pharmaceutical Co. (a)	9,400		48,175
Magainin Pharmaceuticals, Inc. (a)	13,200		28,463
Martek Biosciences (a)	4,200		69,300
Medicis Pharmaceutical Corp. Class A (a)	3,100		163,060
MGI Pharma, Inc. (a)	5,100		71,400
Miravant Medical Technologies (a)	5,800		52,200
Mylan Laboratories, Inc.	21,868		511,711

	Shares		Value (Note 1)
NaPro BioTherapeutics, Inc. (a)	9,500		$ 66,500
NeoTherapeutics, Inc. (a)	4,500		20,250
NPS Pharmaceuticals, Inc. (a)	4,300		138,675
Orphan Medical, Inc. (a)	600		8,325
Oxis International, Inc. (a)	5,100		2,709
Pain Therapeutics, Inc.	3,300		33,413
Penwest Pharmaceuticals Co. (a)	1,700		20,719
Pharmacyclics, Inc. (a)	3,900		149,175
PharmaPrint, Inc. (a)	11,100		777
Pharmos Corp. (a)	13,200		28,050
PRAECIS Pharmaceuticals, Inc.	4,800		132,300
Pure World, Inc. (a)	3,240		3,746
Rosetta Inpharmatics, Inc.	4,000		41,000
SICOR, Inc. (a)	19,000		238,688
Sonus Pharmaceuticals, Inc. (a)	5,100		8,925
SuperGen, Inc. (a)	3,900		48,750
Tularik, Inc. (a)	9,000		234,563
Twinlab Corp. (a)	2,200		4,950
United Therapeutics Corp. (a)	2,700		32,738
Variagenics, Inc.	4,400		27,225
VaxGen, Inc. (a)	4,400		109,725
Vivus, Inc. (a)	7,900		27,650
Zila, Inc. (a)	12,400		33,325
Zonagen, Inc. (a)	4,300		11,019
			8,485,638
TOTAL HEALTH CARE			49,972,401
INDUSTRIALS - 10.1%
Aerospace & Defense - 0.6%
AAR Corp.	7,350		99,960
Advanced Aerodynamics & Structures, Inc. Class A (a)	600		281
Advanced Technical Products, Inc. (a)	100		663
Aeroflex, Inc. (a)	7,150		95,631
Alliant Techsystems, Inc. (a)	3,462		293,405
Applied Signal Technology, Inc.	4,500		22,781
Aviall, Inc. (a)	2,500		18,500
Aviation Sales Co. (a)	2,600		11,700
BE Aerospace, Inc. (a)	7,500		168,281
Cubic Corp.	200		5,900
Curtiss-Wright Corp.	300		14,370
Datum, Inc. (a)	2,100		34,519
Ducommun, Inc. (a)	150		1,905
Engineered Support Systems, Inc.	5,000		177,813
Fairchild Corp. Class A	10,150		60,900
GenCorp, Inc.	1,300		15,600
Guardian Technologies International, Inc. (a)	2,800		2,975
Herley Industries, Inc. (a)	4,500		66,375
Hexcel Corp.	1,100		12,078
Invision Technologies, Inc. (a)	1,300		3,128
Irvine Sensors Corp. (a)	7,800		13,650
Kaman Corp. Class A	800		13,000
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Aerospace & Defense - continued
Kellstrom Industries, Inc. (a)	5,700		$ 23,334
Litton Industries, Inc. (a)	8,100		641,925
Mercury Air Group, Inc. (a)	100		560
Mercury Computer Systems, Inc. (a)	4,800		182,400
Moog, Inc. Class A (a)	200		7,450
Newport News Shipbuilding, Inc.	6,100		333,365
Orbital Sciences Corp. (a)	1,100		8,162
Pacific Aerospace & Electronics, Inc. (a)	22,500		9,141
Precision Castparts Corp.	6,700		258,285
Sequa Corp. Class A (a)	300		13,452
Triumph Group, Inc. (a)	1,400		55,230
United Industrial Corp.	100		1,366
Willis Lease Finance Corp. (a)	2,100		20,869
World Fuel Services Corp.	150		1,230
			2,690,184
Air Freight & Couriers - 0.4%
Airborne, Inc.	2,100		21,672
AirNet Systems, Inc. (a)	400		1,600
Atlas Air Worldwide Holdings, Inc. (a)	3,600		104,688
EGL, Inc. (a)	4,700		116,913
Expeditors International of Washington, Inc.	9,500		554,563
Forward Air Corp. (a)	4,800		177,300
Fritz Companies, Inc. (a)	14,200		158,863
United Parcel Service, Inc. Class B	14,500		819,685
United Shipping & Technology, Inc. (a)	2,400		2,775
			1,958,059
Airlines - 0.5%
AirTran Holdings, Inc. (a)	11,500		105,800
Alaska Air Group, Inc. (a)	3,300		94,314
America West Holding Corp. Class B (a)	4,400		47,080
Atlantic Coast Airlines Holdings, Inc. (a)	9,800		182,525
Continental Airlines, Inc. Class B (a)	8,300		371,425
Frontier Airlines, Inc. (a)	6,000		140,625
Mesa Air Group, Inc. (a)	9,500		95,000
Mesaba Holdings, Inc. (a)	9,800		117,600
Midway Airlines Corp. (a)	300		1,219
Midwest Express Holdings, Inc. (a)	1,550		28,551
Northwest Airlines Corp. (a)	15,600		343,200
SkyWest, Inc.	11,140		252,739
Transportation World Airlines, Inc. (a)	6,600		1,650
UAL Corp.	5,300		201,665
World Airways, Inc. (a)	800		1,100
			1,984,493
Building Products - 0.5%
American Standard Companies, Inc. (a)	12,300		696,549
American Woodmark Corp.	100		1,963
Apogee Enterprises, Inc.	800		6,825
Dal-Tile International, Inc. (a)	3,600		57,600
Drew Industries, Inc. (a)	96		552

	Shares		Value (Note 1)
Elcor Corp.	825		$ 14,099
Griffon Corp. (a)	1,000		7,000
Insituform Technologies, Inc. Class A (a)	5,800		195,750
Lamson & Sessions Co. (a)	7,700		64,680
Lennox International, Inc.	4,316		51,360
Modtech Holdings, Inc. (a)	425		2,922
NCI Building Systems, Inc. (a)	1,100		21,560
Nortek, Inc. (a)	5,300		154,336
PW Eagle, Inc. (a)	5,000		37,500
Simpson Manufacturing Co. Ltd. (a)	900		44,865
Trex Co., Inc. (a)	3,300		85,470
U.S. Industries, Inc.	22,160		185,036
Universal Forest Products, Inc.	2,500		35,938
USG Corp.	11,900		226,576
Watsco, Inc.	1,300		16,380
York International Corp.	5,000		160,000
			2,066,961
Commercial Services & Supplies - 4.1%
ABM Industries, Inc.	4,900		158,270
Administaff, Inc. (a)	2,600		56,992
AG Services of America, Inc. (a)	400		6,000
AHL Services, Inc. (a)	3,600		31,725
ANC Rental Corp. (a)	19,350		59,259
Andersons, Inc.	100		856
Angelica Corp.	400		3,696
Apollo Group, Inc. Class A (a)	15,900		558,488
Applied Graphics Technologies, Inc. (a)	4,144		14,504
Aquagenix, Inc. (a)	100		1
Asi Solutions, Inc. (a)	4,700		66,388
Avert, Inc.	2,700		45,900
Banta Corp.	1,000		26,110
Berlitz International, Inc. (a)	300		3,972
Biospherics, Inc. (a)	400		2,175
Bowne & Co., Inc.	2,100		21,735
Bright Horizons Family Solutions, Inc. (a)	4,500		102,375
Cadmus Communications Corp.	100		1,038
Career Education Corp. (a)	2,200		100,375
Casella Waste Systems, Inc. Class A (a)	8,073		49,447
Cash Technologies, Inc. (a)	2,900		5,365
CCC Information Services Group, Inc. (a)	4,100		33,056
CDI Corp. (a)	1,500		21,780
Central Parking Corp.	4,850		88,513
Century Business Services, Inc. (a)	12,100		15,125
Charles River Associates, Inc. (a)	1,200		9,600
CheckFree Corp. (a)	10,300		496,331
Chemed Corp.	2,400		84,120
Choice Hotels International, Inc. (a)	2,100		28,350
ChoicePoint, Inc. (a)	7,515		415,580
Coinstar, Inc. (a)	6,400		106,800
Collectors Universe, Inc. (a)	5,300		8,281
Computer Learning Centers, Inc. (a)	628		14
Concord EFS, Inc. (a)	33,000		1,526,250
Consolidated Graphics, Inc. (a)	4,000		54,080
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Corinthian Colleges, Inc. (a)	4,800		$ 189,000
Corporate Executive Board Co. (a)	6,700		239,525
Corrections Corp. of America	32,456		31,807
CoStar Group, Inc. (a)	2,469		44,133
CPI Corp.	1,360		28,900
Creditrust Corp. (a)	5,100		4,463
CSG Systems International, Inc. (a)	7,100		267,581
Daisytek International Corp.	11,900		106,914
Darling International, Inc. (a)	7,800		5,850
Day Runner, Inc. (a)	80		15
Devry, Inc. (a)	8,200		297,168
DiamondCluster International, Inc. Class A (a)	2,050		43,178
Digimarc Corp. (a)	4,100		43,050
DualStar Technologies Corp. (a)	5,900		2,028
Dun & Bradstreet Corp. (a)	15,000		376,500
Duratek, Inc. (a)	100		694
Edgewater Technology, Inc. (a)	2,000		7,875
Edison Schools, Inc. (a)	3,900		112,125
Education Management Corp. (a)	6,700		234,500
Educational Video Conferencing, Inc. (a)	1,100		1,581
eFunds Corp.	5,900		89,975
Electro Rent Corp. (a)	1,700		23,588
Electronic Clearing House, Inc. (a)	14,700		12,863
Encompass Services Corp. (a)	406		2,351
Ennis Business Forms, Inc.	100		844
FactSet Research Systems, Inc.	2,600		81,120
Fiserv, Inc. (a)	19,750		977,625
Food Technology Service, Inc. (a)	900		1,209
Franklin Covey Co. (a)	900		7,605
FYI, Inc. (a)	4,600		154,675
G&K Services, Inc. Class A	5,900		122,794
Galileo International, Inc.	15,100		343,525
General Binding Corp. (a)	400		3,600
GenesisIntermedia.com, Inc. (a)	3,700		79,088
Global Payments, Inc. (a)	2,034		38,646
GP Strategies Corp. (a)	100		425
Greg Manning Auctions, Inc. (a)	1,900		4,988
Hall Kinion & Associates, Inc. (a)	1,600		27,800
Headhunter.net, Inc. (a)	6,700		45,225
Headwaters, Inc. (a)	6,600		32,794
Headway Corporate Resources (a)	400		860
Heidrick & Struggles International, Inc. (a)	2,700		89,269
Herman Miller, Inc.	14,900		381,813
HON Industries, Inc.	7,000		173,950
Hunt Corp.	300		2,160
ImageMax, Inc. (a)	700		591
Infocrossing, Inc. (a)	1,200		8,550
Information Resources, Inc. (a)	1,000		5,500
InfoUSA, Inc. (a)	6,300		29,925

	Shares		Value (Note 1)
INSpire Insurance Solutions, Inc. (a)	4,100		$ 4,741
Insurance Auto Auctions, Inc. (a)	600		8,025
Interpool, Inc.	1,100		19,085
Interstate National Dealer Services, Inc. (a)	100		544
Ionics, Inc. (a)	6,000		155,160
Iron Mountain, Inc. (a)	10,830		422,478
IT Group, Inc. (a)	3,716		16,685
ITT Educational Services, Inc. (a)	4,300		130,634
John H. Harland Co.	1,000		18,000
Kaiser Group International, Inc. (a)	400		22
Kaiser Ventures, Inc.	100		1,138
Kelly Services, Inc. Class A	3,600		95,400
kforce.com, Inc. (a)	18,840		63,585
Korn/Ferry International (a)	7,500		132,525
Kroll-O'Gara Co. (a)	4,600		25,588
Labor Ready, Inc. (a)	3,775		15,100
Landauer, Inc.	200		4,340
Lason, Inc. (a)	11,700		5,265
Learning Tree International, Inc. (a)	2,900		130,500
Mail-Well, Inc. (a)	1,300		8,450
Manpower, Inc.	11,800		401,554
McGrath RentCorp.	700		13,606
MCSi, Inc. (a)	4,000		65,250
Medialink Worldwide, Inc. (a)	200		728
MedQuist, Inc. (a)	2,784		60,204
MemberWorks, Inc. (a)	3,000		77,625
Met-Pro Corp.	100		1,200
Modis Professional Services, Inc. (a)	10,000		61,300
Nashua Corp.	300		960
National Data Corp.	2,543		64,923
National Equipment Services, Inc. (a)	700		1,750
National Processing, Inc. (a)	4,200		75,600
Navigant Consulting, Inc. (a)	1,850		10,730
Navigant International, Inc. (a)	3,600		37,800
NCO Group, Inc. (a)	3,648		106,248
New Century Equity Holdings Corp. (a)	5,500		13,750
New England Business Service, Inc.	400		8,140
NewsEdge Corp. (a)	5,200		12,350
Nextera Enterprises, Inc. Class A (a)	3,600		4,500
NOVA Corp. (a)	9,243		175,709
Ogden Corp. (a)	4,600		74,658
On Assignment, Inc. (a)	5,600		123,550
Osmonics, Inc. (a)	200		1,510
Pegasus Solutions, Inc. (a)	8,200		86,613
PeoplePC, Inc.	15,200		11,400
Per-Se Technologies, Inc. (a)	5,066		30,396
Perfectdata Corp. (a)	2,400		3,375
Personnel Group of America, Inc. (a)	1,000		1,520
Pittston Co. - Brinks Group	5,890		116,917
Plato Learning, Inc. (a)	4,700		90,181
Pre-Paid Legal Services, Inc. (a)	1,500		29,625
Precept Business Services, Inc. Class A (a)	600		6
Probusiness Services, Inc. (a)	3,550		106,500
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Profit Recovery Group International, Inc. (a)	9,300		$ 65,972
ProsoftTraining.com (a)	3,300		38,156
Protection One, Inc. (a)	2,800		2,688
Provant, Inc. (a)	800		4,450
RCM Technologies, Inc. (a)	5,700		24,938
RemedyTemp, Inc. Class A (a)	6,500		88,563
Republic Services, Inc. (a)	24,200		402,688
Reynolds & Reynolds Co. Class A	15,800		347,284
RMH Teleservices, Inc. (a)	4,300		28,488
Rollins, Inc.	2,500		50,500
ServiceMaster Co.	52,450		562,789
SOS Staffing Services, Inc. (a)	500		719
Sotheby's Holdings, Inc. Class A (ltd. vtg.) (a)	10,300		260,384
Spherion Corp. (a)	10,420		96,385
Staff Leasing, Inc. (a)	400		1,300
Standard Register Co.	800		13,640
Steelcase, Inc. Class A	8,000		114,000
Stericycle, Inc. (a)	4,700		184,475
Strayer Education, Inc.	2,000		59,625
Sylvan Learning Systems (a)	6,350		132,556
TAB Products Co.	1,100		3,971
Teletech Holdings, Inc. (a)	15,380		238,390
Tetra Tech, Inc. (a)	8,507		147,277
The BISYS Group, Inc. (a)	10,600		573,725
Tickets.com, Inc. (a)	6,400		4,800
Total System Services, Inc.	23,550		565,200
Towne Services, Inc. (a)	520		910
U.S. Liquids, Inc. (a)	500		1,600
U.S. Plastic Lumber Co. (a)	6,200		8,331
U.S. Wireless Corp. (a)	4,600		19,838
Unifirst Corp.	400		5,168
United Stationers, Inc. (a)	8,200		205,513
US Technologies, Inc. (a)	9,300		2,697
Valassis Communications, Inc. (a)	7,350		222,191
Venture Catalyst, Inc. (a)	4,800		6,000
VerticalBuyer, Inc. (a)	760		71
Viad Corp.	17,900		436,581
ViaSource Communications, Inc. (a)	11,300		13,419
Volt Information Sciences, Inc. (a)	1,300		27,534
Wackenhut Corp. (a)	1,800		29,880
Wackenhut Corrections Corp. (a)	1,300		12,168
Wallace Computer Services, Inc.	7,700		137,214
Waste Connections, Inc. (a)	7,000		234,063
Waste Industries, Inc. (a)	800		4,400
Waterlink, Inc. (a)	13,000		7,800
West Corp. (a)	12,700		346,075
Westaff, Inc.	550		1,409
Workflow Management, Inc. (a)	3,201		22,407
			17,868,471

	Shares		Value (Note 1)
Construction & Engineering - 0.3%
Bracknell Corp. (a)	2,280		$ 10,835
Butler Manufacturing Co.	200		5,244
Comfort Systems USA, Inc. (a)	1,200		2,976
Dycom Industries, Inc. (a)	5,225		79,943
Emcor Group, Inc. (a)	5,500		163,075
Granite Construction, Inc.	7,600		251,560
Jacobs Engineering Group, Inc. (a)	6,200		348,812
MasTec, Inc. (a)	6,200		92,876
Quanta Services, Inc. (a)	7,750		213,978
Stone & Webster, Inc. (a)	2,100		3,609
URS Corp. (a)	500		9,925
Walter Industries, Inc.	1,600		14,240
Washington Group International, Inc. (a)	1,000		9,280
			1,206,353
Electrical Equipment - 1.4%
A.O. Smith Corp.	700		12,964
Active Power, Inc.	7,000		139,125
Advanced Energy Industries, Inc. (a)	3,800		86,213
AER Energy Resources, Inc. (a)	8,200		3,362
American Superconductor Corp. (a)	2,400		40,650
American Technical Ceramics Corp. (a)	2,900		30,421
AMETEK, Inc.	9,300		256,680
AML Communications, Inc. (a)	5,300		5,631
Artesyn Technologies, Inc. (a)	4,900		69,519
AstroPower, Inc. (a)	1,500		52,313
Asyst Technologies, Inc. (a)	2,800		37,625
AZZ, Inc.	100		1,780
Baldor Electric Co.	1,266		26,586
Belden, Inc.	1,000		24,680
Benchmark Electronics, Inc. (a)	1,400		39,060
BMC Industries, Inc.	900		4,860
BOLDER Technologies Corp. (a)	3,300		722
Brady Corp. Class A	1,600		51,680
BTU International, Inc. (a)	5,700		36,338
C&D Technologies, Inc.	3,400		112,200
Capstone Turbine Corp.	12,700		312,738
Comdisco, Inc.	20,200		257,550
Conductus, Inc. (a)	5,900		33,188
CoorsTek, Inc. (a)	4,400		125,400
CTS Corp.	2,400		82,080
Digital Power Corp. (a)	5,300		9,540
Electric Fuel Corp. (a)	6,500		35,750
Electro Scientific Industries, Inc. (a)	3,200		89,800
Electrosource, Inc. (a)	5,000		6,250
Encore Wire Corp. (a)	450		3,431
Endwave Corp.	4,500		18,000
Energizer Holdings, Inc. (a)	17,400		433,260
Energy Conversion Devices, Inc. (a)	4,500		117,281
Evergreen Solar, Inc.	800		8,700
General Cable Corp.	2,550		27,285
Genlyte Group, Inc. (a)	500		13,938
H Power Corp.	7,100		40,381
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Electrical Equipment - continued
Hathaway Corp. (a)	3,800		$ 15,675
Hubbell, Inc. Class B	13,500		377,325
IFR Systems, Inc. (a)	150		469
II-VI, Inc. (a)	3,722		43,268
Littelfuse, Inc.	5,400		133,313
M-Wave, Inc. (a)	4,800		56,700
MagneTek, Inc. (a)	1,900		21,280
Manufacturers Services Ltd.	3,900		26,286
Microtest, Inc. (a)	7,000		26,688
Microvision, Inc. (a)	1,000		17,125
Nanophase Technologies Corp. (a)	5,500		38,844
Panja, Inc. (a)	2,500		11,250
Paxar Corp. (a)	1,500		16,875
Peco II, Inc.	2,700		37,125
Pemstar, Inc.	3,600		35,100
Penn Engineering & Manufacturing Corp. (non-vtg.)	100		4,010
Plexus Corp. (a)	4,920		151,905
Plug Power, Inc. (a)	5,700		89,775
Proton Energy Systems, Inc.	8,300		78,850
Rayovac Corp. (a)	8,700		167,910
Reptron Electronics, Inc. (a)	5,400		48,600
RF Monolithics, Inc. (a)	3,700		9,713
Sensormatic Electronics Corp. (a)	15,200		332,880
Signal Technology Corp. (a)	3,400		28,050
SLI, Inc.	2,150		20,210
SmartDisk Corp. (a)	12,300		47,663
SPX Corp. (a)	5,100		494,700
Technitrol, Inc.	4,400		153,340
Tecumseh Products Co. Class A	5,900		299,425
Ultralife Batteries, Inc. (a)	4,100		23,831
UQM Technologies, Inc. (a)	100		675
Valence Technology, Inc. (a)	3,400		26,350
Vari-L Co., Inc. (a)	5,200		16,900
Vicor Corp. (a)	7,800		167,700
Vishay Intertechnology, Inc. (a)	17,812		319,547
Wilson Greatbatch Technologies, Inc.	2,500		59,375
Woodward Governor Co.	3,900		218,156
			6,263,869
Industrial Conglomerates - 0.2%
Carlisle Companies, Inc.	6,700		231,150
Lydall, Inc. (a)	500		5,400
Minnesota Mining & Manufacturing Co.	836		94,259
Standex International Corp.	400		9,760
Teleflex, Inc.	9,000		386,550
Tredegar Industries, Inc.	3,255		59,404
			786,523
Machinery - 1.1%
3D Systems Corp. (a)	4,200		53,025
ABC-NACO, Inc. (a)	100		550

	Shares		Value (Note 1)
Actuant Corp. Class A	1,591		$ 23,547
Ag-Chem Equipment, Inc. (a)	200		5,075
AGCO Corp.	7,400		87,320
Alamo Group, Inc.	100		1,550
Albany International Corp. Class A (a)	1,045		18,915
Amcast Industrial Corp.	1,000		10,000
Ampco-Pittsburgh Corp.	100		1,230
Applied Industrial Technologies, Inc.	1,100		20,075
Aptargroup, Inc.	9,000		258,300
Astec Industries, Inc. (a)	8,700		115,819
Axsys Technologies, Inc. (a)	2,000		37,000
Baldwin Technology Co., Inc. Class A (a)	3,800		5,130
Barnes Group, Inc.	800		15,440
BHA Group Holdings, Inc.	110		1,870
Blount International, Inc. (a)	1,900		13,604
Brown & Sharpe Manufacturing Co. Class A (a)	100		549
Cascade Corp.	100		1,560
Chart Industries, Inc. (a)	150		683
Circor International, Inc.	100		1,305
CLARCOR, Inc.	1,550		37,975
Cognex Corp. (a)	8,600		176,838
Columbus McKinnon Corp.	500		3,938
CTB International Corp. (a)	100		844
CUNO, Inc. (a)	1,100		29,013
Dionex Corp. (a)	5,800		208,800
Donaldson Co., Inc.	4,300		114,423
DT Industries, Inc. (a)	3,500		12,250
ESCO Technologies, Inc. (a)	200		4,316
Esterline Technologies Corp. (a)	5,800		124,120
Flanders Corp. (a)	1,200		2,625
Flow International Corp. (a)	800		8,950
Flowserve Corp. (a)	2,700		56,700
Gardner Denver Machinery, Inc. (a)	750		14,445
Gehl Co. (a)	100		1,488
General Magnaplate Corp. (a)	85		0
Gorman-Rupp Co.	100		1,810
Graco, Inc.	2,475		66,330
Greenbrier Companies, Inc.	100		985
Hardinge, Inc.	250		3,219
Harnischfeger Industries, Inc. (a)	6,400		544
Harsco Corp.	11,100		306,360
Hirsch International Corp. Class A (a)	2,100		3,019
IDEX Corp.	2,600		83,018
Infinite Group, Inc. (a)	2,800		7,350
Insteel Industries, Inc.	400		756
ITEQ, Inc. (a)	17,700		2,124
JLG Industries, Inc.	4,200		54,600
Katy Industries, Inc.	100		595
Kaydon Corp.	2,700		68,553
Kennametal, Inc.	7,200		224,280
Key Technology, Inc. (a)	100		775
Lincoln Electric Holdings, Inc.	1,800		37,350
Lindsay Manufacturing Co.	350		7,333
Common Stocks - continued
	Shares		Value (Note 1)
INDUSTRIALS - continued
Machinery - continued
Manitowoc Co., Inc.	2,200		$ 62,040
Middleby Corp.	600		3,600
Milacron, Inc.	10,700		212,502
Miller Industries, Inc. (a)	1,500		1,560
Minuteman International, Inc.	700		6,519
Mobile Mini, Inc. (a)	4,400		104,500
Mueller Industries, Inc.	4,900		148,960
NACCO Industries, Inc. Class A	3,700		246,272
Nordson Corp.	8,400		234,675
Oshkosh Truck Co.	4,650		227,559
Pentair, Inc.	11,000		304,700
Regal-Beloit Corp.	600		10,920
Reliance Steel & Aluminum Co.	1,500		38,400
Robbins & Myers, Inc.	300		7,605
Roper Industries, Inc.	2,400		93,072
SPS Technologies, Inc. (a)	1,000		50,200
Stewart & Stevenson Services, Inc.	9,200		236,900
Sun Hydraulics Corp. (a)	100		750
Tennant Co.	400		17,180
Terex Corp. (a)	7,900		145,755
Thermo Fibertek, Inc. (a)	4,000		15,640
Thomas Industries, Inc.	750		19,913
Titan International, Inc.	700		3,542
Trinity Industries, Inc.	9,100		200,109
TurboChef Technologies, Inc. (a)	2,800		3,675
United Dominion Industries Ltd.	9,579		169,929
UNOVA, Inc. (a)	4,600		20,424
Valmont Industries, Inc.	900		16,481
Wabash National Corp.	700		7,560
Watts Industries, Inc. Class A	1,500		22,050
			4,971,265
Marine - 0.1%
Alexander & Baldwin, Inc.	7,700		198,756
International Shipholding Corp.	100		800
Kirby Corp. (a)	1,175		23,676
OMI Corp. (a)	300		2,208
			225,440
Road & Rail - 0.8%
AMERCO (a)	1,900		39,900
Arkansas Best Corp. (a)	7,800		130,650
Arnold Industries, Inc.	800		13,300
Avis Group Holdings, Inc. Class A (a)	4,200		138,516
Budget Group, Inc. Class A (a)	3,200		6,272
C.H. Robinson Worldwide, Inc.	15,200		454,100
Celadon Group, Inc. (a)	3,800		18,288
CNF, Inc.	3,400		117,436
Consolidated Freightways Corp. (a)	3,100		20,925
Covenant Transport, Inc. Class A (a)	9,300		117,994
Dollar Thrifty Automotive Group, Inc. (a)	6,900		137,655
Driversshield.com Corp. (a)	3,900		2,559

	Shares		Value (Note 1)
Florida East Coast Industries, Inc. Class A	2,200		$ 75,350
GATX Corp.	9,600		419,712
Genesee & Wyoming, Inc. Class A (a)	3,000		80,625
Heartland Express, Inc. (a)	900		22,500
Hertz Corp. Class A	5,400		191,592
Hub Group, Inc. Class A (a)	200		1,975
J.B. Hunt Transport Services, Inc.	1,100		17,394
Kansas City Southern Industries, Inc.	2,400		35,952
Knights Transportation, Inc. (a)	2,150		49,181
Landstar System, Inc. (a)	3,000		199,688
M.S. Carriers, Inc. (a)	400		11,763
Old Dominion Freight Lines, Inc. (a)	100		1,025
RailAmerica, Inc. (a)	14,300		122,444
Roadway Express, Inc.	2,200		56,788
Simon Transportation Services, Inc. Class A (a)	3,300		17,531
Swift Transportation Co., Inc. (a)	14,350		248,434
Transit Group, Inc. (a)	100		21
U.S. Xpress Enterprises, Inc. Class A (a)	2,100		14,569
USA Truck, Inc. (a)	100		631
USFreightways Corp.	5,600		178,500
Werner Enterprises, Inc.	5,175		86,358
Wisconsin Central Transportation Corp. (a)	13,800		219,075
XTRA Corp. (a)	1,100		52,481
Yellow Corp. (a)	9,500		188,219
			3,489,403
Trading Companies & Distributors - 0.1%
Fastenal Co.	7,100		426,000
MSC Industrial Direct, Inc. (a)	3,500		57,610
			483,610
TOTAL INDUSTRIALS			43,994,631
INFORMATION TECHNOLOGY - 20.3%
Communications Equipment - 4.9%
3Com Corp.	47,800		436,175
Accelerated Networks, Inc.	6,300		11,813
Ace Communication Corp. (a)	3,100		6,394
ACT Teleconferencing, Inc. (a)	2,700		21,600
Adaptive Broadband Corp. (a)	3,200		6,600
Adtran, Inc. (a)	7,500		178,594
Advanced Fibre Communications, Inc. (a)	10,000		189,375
Advanced Switching Communication, Inc.	5,700		34,200
Airnet Communications Corp. (a)	2,900		7,613
Allen Telecom, Inc. (a)	900		12,600
Alliance Fiber Optic Products, Inc.	3,600		28,350
Alpine Group, Inc. (a)	500		1,130
AltiGen Communications, Inc. (a)	2,100		2,953
American Access Technologies, Inc. (a)	3,100		3,778
Amplidyne, Inc. (a)	2,500		4,766
Anadigics, Inc. (a)	2,600		34,775
Anaren Microwave, Inc. (a)	2,800		50,050
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Anicom, Inc. (a)	6,900		$ 7
Anixter International, Inc. (a)	6,100		130,540
ANTEC Corp. (a)	3,400		30,494
Applied Innovation, Inc. (a)	5,500		59,813
Ariel Corp. (a)	10,900		10,219
Aspect Communications Corp. (a)	4,700		51,994
Audiovox Corp. Class A (a)	3,030		32,762
Avanex Corp.	9,000		174,375
Avici Systems, Inc.	6,100		91,881
Avocent Corp. (a)	7,300		181,588
Aware, Inc. (a)	1,900		18,050
Bel Fuse, Inc. Class A (a)	2,900		90,988
Bogen Communications International, Inc. (a)	7,500		30,938
Brightpoint, Inc. (a)	3,100		10,850
Brocade Communications Systems, Inc. (a)	32,800		1,273,050
Brooktrout, Inc. (a)	1,700		15,513
C-COR.net Corp. (a)	2,500		22,500
Cable Design Technologies Corp. (a)	5,025		89,646
Carrier Access Corp. (a)	4,700		25,850
Centillium Communications, Inc.	4,000		115,500
Cidco, Inc. (a)	6,400		7,800
CIENA Corp. (a)	43,700		2,936,094
Cisco Systems, Inc. (a)	3,129		74,118
Clarent Corp. (a)	4,289		45,035
Com21, Inc. (a)	1,700		5,206
Comarco, Inc. (a)	3,000		45,375
Comdial Corp. (a)	5,000		7,031
CommScope, Inc. (a)	5,100		102,765
Communications Systems, Inc.	5,500		52,938
Computer Network Technology Corp. (a)	2,300		28,319
Comtech Telecommunications Corp. (a)	3,900		54,844
Conolog Corp. (a)	6,800		6,375
Copper Mountain Networks, Inc. (a)	6,600		27,019
Corvis Corp.	51,200		534,400
Cosine Communications, Inc.	13,800		125,063
Cylink Corp. (a)	7,000		15,750
Data Race, Inc. (a)	10,800		10,800
Datron Systems, Inc. (a)	3,500		43,750
Davox Corp. (a)	6,000		61,875
Digi International, Inc. (a)	9,700		57,594
Digital Lightwave, Inc. (a)	3,635		99,735
Ditech Communications Corp. (a)	3,100		27,803
DMC Stratex Networks, Inc. (a)	9,130		83,311
Echelon Corp. (a)	4,100		67,906
Efficient Networks, Inc. (a)	7,600		175,750
Elastic Networks, Inc.	10,500		36,750
Elcotel, Inc. (a)	9,300		1,116
eLOT, Inc. (a)	5,600		2,625
Emulex Corp. (a)	10,400		320,450

	Shares		Value (Note 1)
Entrada Networks, Inc. (a)	292		$ 584
eOn Communications Corp.	3,220		4,428
Extended Systems, Inc. (a)	1,100		16,500
Extreme Networks, Inc. (a)	16,100		364,011
Ezenia!, Inc. (a)	2,900		4,713
Finisar Corp. (a)	27,100		320,119
First Virtual Communications, Inc.	400		563
Foundry Networks, Inc. (a)	16,600		190,900
Gadzoox Networks, Inc. (a)	19,000		67,688
General Datacomm Industries, Inc. (a)	3,800		2,546
Glenayre Technologies, Inc. (a)	4,900		16,691
Globecomm Systems, Inc. (a)	1,700		16,575
Harmonic, Inc. (a)	6,170		45,118
Harris Corp.	8,300		208,413
Illinois Superconductor Corp. (a)	8,300		16,341
Inrange Technologies Corp. Class B (a)	3,000		42,750
Inter-Tel, Inc.	8,700		84,281
InterDigital Communication Corp. (a)	5,900		49,781
Interspeed, Inc. (a)	2,800		336
Ixia (a)	7,900		181,700
JDS Uniphase Corp. (a)	49,780		1,331,615
Juniper Networks, Inc. (a)	47,500		3,066,719
L-3 Communications Holdings, Inc. (a)	6,000		491,880
LightPath Technologies, Inc. (a)	2,200		34,513
Loral Space & Communications Ltd. (a)	31,500		116,865
Luminent, Inc.	23,400		128,700
McDATA Corp. Class B	3,800		75,763
MCK Communications, Inc. (a)	7,300		24,866
Microwave Filter Co., Inc.	4,100		6,150
MRV Communications, Inc. (a)	9,100		112,044
Natural MicroSystems Corp.	3,600		31,050
Netro Corp. (a)	6,300		41,344
NetSolve, Inc. (a)	1,700		11,156
Network Computing Devices, Inc. (a)	4,500		1,266
Network Engines, Inc.	13,800		22,856
Network Equipment Technologies, Inc. (a)	2,000		9,600
Network Peripherals, Inc. (a)	6,600		43,313
New Focus, Inc.	7,700		166,994
Next Level Communications, Inc. (a)	11,100		97,472
Norstan, Inc. (a)	6,400		9,200
NumereX Corp. Class A (a)	5,400		39,488
Nx Networks, Inc. (a)	1,500		2,391
ONI Systems Corp.	17,800		598,525
Oplink Communications, Inc.	21,500		165,281
Optelecom, Inc. (a)	2,300		4,600
Optical Cable Corp. (a)	10,500		102,375
Optical Communication Products, Inc.	8,200		86,100
Osage Systems Group, Inc. (a)	5,200		988
P-Com, Inc. (a)	6,100		12,581
Packeteer, Inc. (a)	3,600		49,275
Paradyne Networks, Inc. (a)	14,500		34,891
PC-Tel, Inc. (a)	1,100		9,969
Performance Technologies, Inc. (a)	4,600		59,800
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
PictureTel Corp. (a)	5,400		$ 16,875
Plantronics, Inc. (a)	6,400		169,280
Pliant Systems, Inc. (a)	2,900		2,958
Polycom, Inc. (a)	9,600		208,800
Powerwave Technologies, Inc. (a)	8,600		134,509
Proxim, Inc. (a)	2,900		52,925
Redback Networks, Inc. (a)	21,600		666,563
REMEC, Inc. (a)	5,100		44,306
Repeater Technologies, Inc. (a)	3,000		4,781
Riverstone Networks, Inc.	14,900		163,900
ROHN Industries, Inc. (a)	2,000		6,969
SBA Communications Corp. Class A (a)	5,700		188,100
Science Dynamics Corp. (a)	3,000		4,781
Sheldahl, Inc. (a)	200		500
Somera Communications, Inc. (a)	2,200		20,350
Sonus Networks, Inc.	22,100		617,419
Sorrento Networks Corp.	1,166		15,158
SpectraLink Corp. (a)	5,300		58,631
Spectrasite Holdings, Inc. (a)	21,500		294,281
SSE Telecom, Inc. (a)	3,100		2,713
STM Wireless, Inc. Class A (a)	4,500		9,844
Stratos Lightwave, Inc.	8,000		66,000
Sunrise Telecom, Inc.	6,000		37,875
Superior Telecom, Inc.	4,460		19,847
Sycamore Networks, Inc. (a)	40,500		734,063
Symmetricom, Inc. (a)	7,150		102,446
Syntellect, Inc. (a)	7,300		22,813
Tekelec (a)	7,300		138,244
Telscape International, Inc. (a)	4,700		4,847
Telular Corp. (a)	4,375		37,734
TeraForce Technology Corp. (a)	5,500		2,922
Terayon Communication Systems, Inc. (a)	8,000		44,250
Tidel Technologies, Inc. (a)	10,700		31,431
Tollgrade Communications, Inc. (a)	1,600		31,300
Triton Network Systems, Inc.	4,300		8,869
Turnstone Systems, Inc.	2,920		18,798
Tut Systems, Inc. (a)	7,000		32,156
Ursus Telecom Corp. (a)	7,300		18,250
USCI, Inc. (a)	100		3
UTStarcom, Inc.	1,200		23,700
Veramark Technologies, Inc. (a)	1,700		2,072
Verilink Corp. (a)	5,400		12,150
ViaSat, Inc. (a)	2,200		29,425
Video Network Communication, Inc. (a)	4,542		9,368
VTEL Corp. (a)	10,200		11,794
Wegener Corp. (a)	12,400		10,850
Westell Technologies, Inc. Class A (a)	3,680		17,078
Wire One Technologies, Inc. (a)	9,300		31,388
WJ Communications, Inc. (a)	10,100		60,916
World Access, Inc. (a)	9,255		10,990

	Shares		Value (Note 1)
Xetel Corp. (a)	7,400		$ 25,438
Xircom, Inc. (a)	2,500		61,406
			21,510,655
Computers & Peripherals - 0.7%
3Dfx Interactive, Inc. (a)	7,285		1,594
Advanced Digital Information Corp. (a)	5,000		75,000
Alpha Technologies Group, Inc. (a)	4,700		37,600
AlphaNet Solutions, Inc. (a)	300		488
Aspeon, Inc. (a)	4,200		1,050
Auspex Systems, Inc. (a)	2,700		12,994
Autologic Information International, Inc. (a)	5,800		13,231
Avid Technology, Inc. (a)	5,400		90,788
Bitwise Designs, Inc. (a)	2,300		10,063
Boundless Corp. (a)	400		980
BTG, Inc. (a)	100		575
Concurrent Computer Corp. (a)	4,700		24,675
CopyTele, Inc. (a)	17,800		13,350
Crossroads Systems, Inc. (a)	3,600		28,350
Datalink Corp. (a)	2,200		18,425
Dataram Corp. (a)	3,900		42,656
Dot Hill Systems Corp. (a)	500		2,475
Drexler Technology Corp. (a)	5,000		62,500
Electronics for Imaging, Inc. (a)	5,500		134,406
Emachines ltd.	16,600		6,744
Encad, Inc. (a)	400		900
Exabyte Corp. (a)	8,700		16,313
FOCUS Enhancements, Inc. (a)	8,200		8,713
Handspring, Inc.	15,300		383,456
Hauppauge Digital, Inc. (a)	4,400		11,550
HEI, Inc. (a)	4,100		42,025
Hewlett-Packard Co.	681		19,647
Hutchinson Technology, Inc. (a)	1,200		18,750
Immersion Corp. (a)	2,600		18,200
InFocus Corp. (a)	4,000		81,250
Innovex, Inc. (a)	2,400		16,350
Inprimis, Inc. (a)	1,300		1,341
Intergraph Corp. (a)	5,100		36,656
Interphase Corp. (a)	4,600		39,531
Intevac, Inc. (a)	1,500		6,938
Iomega Corp. (a)	30,800		111,804
JNI Corp. (a)	3,000		35,063
Komag, Inc. (a)	28,943		37,083
Maxtor Corp. (a)	11,800		82,600
Media 100, Inc. (a)	7,459		17,715
Micron Electronics, Inc. (a)	21,900		80,072
Mitek Systems, Inc. (a)	7,300		9,125
MTI Technology Corp. (a)	10,300		28,969
NeoMagic Corp. (a)	18,300		60,619
Neoware Systems, Inc. (a)	11,100		19,425
Novatel Wireless, Inc.	7,800		39,000
nStor Technologies, Inc. (a)	7,900		8,058
Overland Data, Inc. (a)	5,200		53,950
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - continued
Presstek, Inc. (a)	7,800		$ 94,088
Printronix, Inc. (a)	100		700
Procom Technology, Inc. (a)	1,500		20,063
Quantum Corp. - DLT & Storage Systems Group (a)	20,212		254,065
Rainbow Technologies, Inc. (a)	4,500		28,969
Read-Rite Corp. (a)	7,200		55,575
Rimage Corp. (a)	6,000		59,625
SanDisk Corp. (a)	9,000		194,625
SBS Technologies, Inc. (a)	4,300		94,600
SCM Microsystems, Inc. (a)	3,800		59,850
Sigma Designs, Inc. (a)	9,200		13,800
Silicon Graphics, Inc.	15,300		70,839
Simple Technology, Inc.	3,600		11,475
Socket Communications, Inc. (a)	8,600		30,638
SteelCloud Co. (a)	5,100		4,303
Storage Computer Corp. (a)	5,800		43,616
Storage Technology Corp. (a)	9,600		98,400
StorageNetworks, Inc.	3,300		48,675
Syquest Technology, Inc. (a)	1,700		4
Transact Technologies, Inc. (a)	100		500
UniView Technologies Corp. (a)	12,000		9,375
ViewCast.com, Inc. (a)	11,100		11,447
Vitech America, Inc. (a)	10		35
Vixel Corp. (a)	6,100		15,250
Western Digital Corp. (a)	15,400		63,448
Xybernaut Corp. (a)	8,000		18,375
Zoom Telephonics, Inc. (a)	5,600		18,550
			3,183,937
Electronic Equipment & Instruments - 1.9%
Act Manufacturing, Inc. (a)	2,050		35,619
Advanced Photonix, Inc. Class A (a)	11,900		12,019
Aetrium, Inc. (a)	100		281
American Technology Corp. (a)	1,600		5,350
Amphenol Corp. Class A (a)	7,400		264,180
Analogic Corp.	1,200		47,925
Andersen Group, Inc. (a)	3,500		27,781
Andrea Electronics Corp. (a)	3,700		7,770
APA Optics, Inc. (a)	4,100		35,106
APW Ltd. (a)	4,300		122,722
Arrow Electronics, Inc. (a)	17,500		479,500
Avnet, Inc.	9,746		238,777
AVX Corp.	28,600		509,366
Barringer Technologies, Inc. (a)	300		2,888
BEI Technologies, Inc.	5,200		82,875
Bell Industries, Inc. (a)	7,800		23,400
California Amplifier, Inc. (a)	1,200		7,125
CheckPoint Systems, Inc. (a)	1,100		9,955
Chromatics Color Sciences International, Inc. (a)	1,050		427
Chyron Corp. (a)	7,000		9,100

	Shares		Value (Note 1)
Cohu, Inc.	7,300		$ 119,081
Craftmade International, Inc.	1,100		8,731
CyberOptics Corp. (a)	2,500		39,688
Daktronics, Inc. (a)	3,200		56,600
Datakey, Inc. (a)	3,000		9,094
Diebold, Inc.	13,200		366,300
Digital Video Systems, Inc. (a)	1,400		3,675
DSP Group, Inc. (a)	2,400		46,050
EFTC Corp. (a)	794		2,382
Emcee Broadcast Products, Inc. (a)	3,000		5,625
ePlus, Inc. (a)	1,800		20,813
Excel Technology, Inc. (a)	2,900		54,919
Fargo Electronics, Inc.	8,000		24,500
Fisher Scientific International, Inc. (a)	7,000		252,000
Flir Systems, Inc. (a)	600		4,200
Franklin Electric Co., Inc.	200		14,350
Frequency Electronics, Inc.	150		2,097
FuelCell Energy, Inc. (a)	2,100		98,569
GenRad, Inc. (a)	1,100		9,526
Gentner Communications Corp. (a)	4,600		58,650
Giga-Tronics, Inc. (a)	4,900		34,300
Harman International Industries, Inc.	5,800		173,420
Identix, Inc. (a)	3,100		25,110
Ingram Micro, Inc. Class A (a)	8,500		117,300
Interlink Electronics, Inc. (a)	2,600		19,013
Interlogix, Inc. (a)	503		11,066
Intermagnetics General Corp.	514		11,056
Itron, Inc. (a)	500		3,797
JMAR Industries, Inc. (a)	6,100		24,400
Keithley Instruments, Inc.	1,800		41,814
KEMET Corp. (a)	9,800		164,836
Kent Electronics Corp. (a)	1,300		20,800
Kopin Corp. (a)	7,000		49,438
LeCroy Corp. (a)	500		10,500
LoJack Corp. (a)	1,700		12,113
LSI, Industries, Inc.	100		2,019
Maxwell Technologies, Inc. (a)	3,400		57,800
Measurement Specialties, Inc. (a)	4,500		93,375
Mechanical Technology, Inc. (a)	10,300		46,994
Merix Corp. (a)	1,250		15,625
Methode Electronics, Inc. Class A	4,300		66,919
Micronetics Wireless, Inc. (a)	4,000		20,000
MTS Systems Corp.	600		5,063
Nanometrics, Inc. (a)	3,100		48,050
Newport Corp.	4,300		210,163
NHancement Technologies, Inc. (a)	3,700		20,581
NU Horizons Electronics Corp. (a)	7,300		74,825
Odetics, Inc. Class A	4,600		22,569
OSI Systems, Inc. (a)	4,700		19,975
Packard BioScience Co.	11,600		124,700
Panavision, Inc. (a)	205		1,066
Park Electrochemical Corp.	4,850		143,075
Parlex Corp. (a)	2,200		21,450
Pioneer Standard Electronics, Inc.	9,700		118,825
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Instruments - continued
Planar Systems, Inc. (a)	5,300		$ 125,544
Powell Industries, Inc. (a)	100		1,713
PSC, Inc. (a)	7,300		9,353
Questron Technology, Inc. (a)	3,900		13,772
Research Frontiers, Inc. (a)	2,400		38,400
RF Industries Ltd. (a)	2,500		7,500
Rheometrics Scientific, Inc. (a)	5,900		28,947
Richardson Electronics Ltd.	6,500		79,219
Robotic Vision Systems, Inc. (a)	8,500		23,375
Rofin Sinar Technologies, Inc. (a)	400		3,750
Rogers Corp. (a)	200		7,110
Sawtek, Inc. (a)	5,600		92,400
ScanSource, Inc. (a)	1,900		77,752
SCI Systems, Inc. (a)	20,000		409,400
Sipex Corp. (a)	2,900		31,719
Spatializer Audio Labs, Inc. (a)	12,700		5,842
Spectrian Corp. (a)	4,400		64,350
Spectrum Control, Inc. (a)	6,400		52,000
Spire Corp. (a)	200		1,025
SRS Labs, Inc. (a)	2,800		9,625
Stanford Microdevices, Inc.	5,900		45,356
StockerYale, Inc. (a)	2,400		32,700
Superconductor Technologies, Inc. (a)	6,200		41,269
Tanisys Technology, Inc. (a)	7,800		5,606
Tech Data Corp. (a)	6,400		195,600
Teledyne Technologies, Inc. (a)	4,200		54,852
Trimble Navigation Ltd. (a)	2,800		49,175
Trimedyne, Inc. (a)	9,200		14,950
TrueTime, Inc. (a)	3,000		7,969
Ultrak, Inc. (a)	8,400		33,600
Universal Display Corp. (a)	3,900		36,563
Varian, Inc. (a)	6,800		206,975
Veeco Instruments, Inc. (a)	2,689		101,342
Viasystems Group, Inc.	16,300		96,496
Viisage Technology, Inc. (a)	3,700		7,863
Visionics Corp. (a)	6,200		38,750
Waters Corp. (a)	18,200		1,198,652
Woodhead Industries, Inc.	100		1,763
X-Rite, Inc.	700		6,213
Zomax, Inc. (a)	4,200		22,050
Zygo Corp. (a)	1,900		39,663
			8,271,256
Internet Software & Services - 3.3%
24/7 Media, Inc. (a)	3,420		2,779
About.com, Inc. (a)	2,300		51,031
Accrue Software, Inc. (a)	19,200		19,200
AGENCY.COM Ltd. (a)	7,700		16,363
Akamai Technologies, Inc. (a)	14,574		246,847
Allaire Corp. (a)	8,200		72,006
Alloy Online, Inc. (a)	2,800		34,300
Allscripts Healthcare Solutions, Inc. (a)	8,700		50,025

	Shares		Value (Note 1)
America Online Latin America, Inc.	8,700		$ 39,694
AppliedTheory Corp. (a)	13,600		17,000
Apropos Technology, Inc.	3,760		19,505
Ariba, Inc. (a)	37,000		610,500
ARIS Corp. (a)	2,500		4,375
Art Technology Group, Inc. (a)	9,200		223,675
Ashton Technology Group, Inc. (a)	4,500		5,344
Ask Jeeves, Inc. (a)	4,000		6,875
Audiohighway.com (a)	4,000		1,500
Autobytel.com, Inc. (a)	12,400		27,513
Autoweb.Com, Inc. (a)	3,400		1,169
Be Free, Inc. (a)	11,600		25,194
Blue Martini Software, Inc.	8,900		42,275
Braun Consulting, Inc. (a)	8,800		57,750
Breakaway Solutions, Inc. (a)	3,200		3,200
C-bridge Internet Solutions, Inc. (a)	2,600		8,125
CacheFlow, Inc. (a)	5,400		37,294
CAIS Internet, Inc. (a)	8,400		9,188
Calico Commerce, Inc. (a)	2,388		1,418
Cavion Technologies, Inc. (a)	2,000		120
CenterSpan Communications Corp. (a)	1,200		16,575
Centra Software, Inc.	8,110		48,660
Chordiant Software, Inc.	3,450		10,889
Click Communication, Inc.	4,700		92,238
ClickAction, Inc. (a)	2,800		18,375
CMGI, Inc. (a)	44,964		182,666
CNET Networks, Inc. (a)	16,140		200,741
Commerce One, Inc. (a)	28,100		489,994
Communication Intelligence Corp. (a)	7,900		9,628
Corillian Corp.	6,000		60,000
Critical Path, Inc. (a)	8,376		22,903
Crossworlds Software, Inc.	5,900		22,125
CUseeMe Networks, Inc. (a)	2,000		2,375
Cybear Group (a)	12,135		3,792
Cybercash, Inc. (a)	7,200		5,400
CyberSource Corp. (a)	5,700		17,011
Cysive, Inc. (a)	1,600		5,950
Data Return Corp. (a)	10,700		34,775
Deltathree.com, Inc. (a)	4,700		7,931
Digex, Inc. Class A (a)	2,700		48,769
Digital Courier Technologies, Inc. (a)	2,800		924
Digital Impact, Inc. (a)	1,200		2,700
Digital Insight Corp. (a)	2,000		26,500
Digital Island, Inc. (a)	8,200		28,188
Digital Lighthouse Corp.	6,500		4,672
Digital River, Inc. (a)	9,700		56,381
DigitalThink, Inc.	3,890		33,551
Digitas, Inc.	6,500		35,750
Divine, Inc. Class A	14,300		26,813
Docent, Inc.	5,500		42,969
DoubleClick, Inc. (a)	16,482		221,477
drkoop.com, Inc. (a)	3,900		975
DSL.net, Inc. (a)	13,700		28,256
E-Stamp Corp. (a)	2,400		300
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
EarthLink, Inc. (a)	15,027		$ 135,243
EarthWeb, Inc. (a)	3,800		18,288
ebenX, Inc. (a)	3,200		18,000
eCollege.com (a)	4,200		18,375
EDGAR Online, Inc. (a)	4,100		8,264
eGain Communications Corp. (a)	15,963		45,894
Egreetings Network, Inc. (a)	7,300		6,159
Elcom International, Inc. (a)	6,500		14,016
Eloquent, Inc.	3,080		3,080
eMerge Interactive, Inc. Class A	4,490		19,223
Emusic.com, Inc. (a)	12,400		5,038
En Pointe Technologies, Inc. (a)	3,200		10,400
Entrade, Inc. (a)	1,300		2,210
Eprise Corp.	10,100		14,361
Equinix, Inc.	9,900		37,125
eSoft, Inc. (a)	4,200		7,613
EuroWeb International Corp. (a)	3,700		4,972
Evoke Communications, Inc.	8,200		17,938
Evolve Software, Inc.	4,900		29,400
eXcelon Corp. (a)	8,000		25,000
Exodus Communications, Inc. (a)	80,500		1,177,313
Expedia, Inc. Class A (a)	4,900		76,563
Extensity, Inc. (a)	1,900		16,744
F5 Networks, Inc. (a)	2,700		18,816
FairMarket, Inc.	5,600		12,075
Fastnet Corp.	5,500		5,844
FiNet.com, Inc. (a)	450		563
FirePond, Inc.	7,850		19,625
FreeMarkets, Inc. (a)	4,800		88,200
FTD.com, Inc. Class A (a)	2,200		5,844
Fusion Networks Holdings, Inc. (a)	3,170		693
Genuity, Inc. (a)	23,600		64,163
Global Sports, Inc. (a)	9,403		52,892
Globix Corp. (a)	3,500		13,563
GoAmerica, Inc. (a)	8,000		35,750
GoTo.com, Inc. (a)	9,700		73,356
HearMe (a)	4,800		4,800
High Speed Access Corp. (a)	17,600		23,650
Hollywood Media Corp. (a)	3,700		14,569
Homeseekers.com, Inc. (a)	4,100		1,409
Homestore.com, Inc. (a)	10,800		322,650
Hoover's, Inc. (a)	4,700		15,275
Hotel Reservations Network, Inc.	2,700		76,613
HotJobs.com Ltd. (a)	5,300		27,163
Hyperfeed Technologies, Inc. (a)	7,500		16,406
I-Many, Inc.	3,900		70,200
iBasis, Inc. (a)	4,400		19,525
iBeam Broadcasting Corp.	15,600		20,475
iGate Capital Corp. (a)	6,000		18,563
iManage, Inc. (a)	4,900		17,150
Improvenet, Inc.	9,700		5,456

	Shares		Value (Note 1)
Infonautics, Inc. (a)	6,900		$ 6,253
InfoSpace, Inc. (a)	41,452		158,036
Innodata Corp. (a)	3,600		36,000
InsWeb Corp. (a)	1,700		2,444
Integrated Information Systems, Inc.	2,300		2,588
Intelligroup, Inc.	4,900		6,738
InterCept Group, Inc. (a)	4,300		116,638
Interliant, Inc. (a)	5,300		15,569
Internap Network Services Corp. (a)	19,600		73,500
Internet America, Inc. (a)	6,500		5,484
Internet Capital Group, Inc. (a)	34,500		132,609
Internet Commerce & Communications, Inc. (a)	2,800		1,575
Internet Commerce Corp. (a)	3,400		12,750
Internet Pictures Corp. (a)	8,511		5,053
Internet Security Systems, Inc. (a)	5,600		312,200
Internet.com Corp. (a)	8,500		57,906
InterWorld Corp. (a)	12,500		6,250
Interwoven, Inc. (a)	14,200		235,188
IntraNet Solutions, Inc. (a)	3,900		99,938
Intraware, Inc. (a)	4,700		9,694
ION Networks, Inc. (a)	12,500		17,188
ITXC Corp. (a)	11,800		70,800
iVillage, Inc. (a)	7,000		9,516
iXL Enterprises, Inc. (a)	20,400		25,500
J Net Enterprises, Inc. (a)	5,700		31,350
j2 Global Communications, Inc. (a)	378		1,016
Juno Online Services, Inc. (a)	3,700		5,434
Jupiter Media Metrix, Inc. (a)	6,200		30,613
Kana Communications, Inc. (a)	12,256		37,534
Keynote Systems, Inc. (a)	3,300		42,488
L90, Inc.	5,900		20,650
Landacorp, Inc.	4,600		11,356
Lante Corp.	3,730		6,761
Larscom, Inc. Class A (a)	3,000		9,375
Launch Media, Inc. (a)	2,100		2,363
Learn2.com, Inc. (a)	7,700		3,128
LendingTree, Inc.	8,010		30,038
Liquid Audio, Inc.	13,100		39,300
Litronic, Inc. (a)	2,900		14,500
Log On America, Inc. (a)	2,000		2,375
LookSmart Ltd. (a)	17,100		34,200
Loudeye Technologies, Inc.	4,000		5,375
Mail.com, Inc. Class A (a)	9,579		11,076
Marimba, Inc. (a)	11,800		63,794
Marketwatch.com, Inc. (a)	2,800		14,000
MatrixOne, Inc.	4,700		114,269
McAfee.com Corp. (a)	8,900		72,034
Mediaplex, Inc. (a)	6,300		5,906
MedicaLogic/Medscape, Inc. (a)	5,100		13,069
MessageMedia, Inc. (a)	13,400		12,563
Modem Media, Inc. Class A (a)	4,600		20,125
Multex.com, Inc. (a)	8,700		168,563
MyPoints.com, Inc. (a)	10,940		11,966
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
National Information Consortium, Inc. (a)	4,800		$ 14,550
National Techteam, Inc. (a)	200		588
Navidec, Inc. (a)	4,200		15,356
NaviSite, Inc. (a)	15,700		29,928
Net Perceptions, Inc.	13,300		27,016
Net2Phone, Inc. (a)	2,400		24,600
NetCurrents, Inc. (a)	8,400		4,463
Netegrity, Inc. (a)	4,800		213,000
Netergy Networks, Inc. (a)	1,900		3,444
Netgateway, Inc. (a)	11,100		5,550
NetObjects, Inc. (a)	8,600		5,913
Netopia, Inc. (a)	10,400		57,525
Netpliance, Inc.	6,800		2,975
NetRatings, Inc. (a)	3,000		36,375
Netzee, Inc. (a)	3,600		2,475
NetZero, Inc. (a)	9,000		7,875
New Frontier Media, Inc. (a)	4,200		11,550
Niku Corp.	8,700		52,744
NorthPoint Communication Holdings, Inc. (a)	17,000		3,400
NQL, Inc. (a)	8,200		17,169
ObjectSoft Corp. (a)	16		4
OneSource Information Services, Inc. (a)	2,700		25,313
Onvia.com, Inc.	6,900		4,959
Open Market, Inc. (a)	5,900		13,459
Openwave Systems, Inc.	24,517		903,298
Optio Software, Inc. (a)	3,200		3,800
Organic, Inc.	8,020		5,514
OTG Software, Inc.	4,500		48,094
Persistence Software, Inc. (a)	3,900		11,578
Physician Computer Network, Inc. (a)	200		1
Plastic Surgery Co. (a)	400		1,800
Preview Systems, Inc. (a)	9,300		27,319
Primus Knowledge Solutions, Inc. (a)	6,300		37,800
Private Business, Inc. (a)	4,700		4,700
ProcureNet, Inc. (a)	800		120
Prodigy Communications Corp. Class A (a)	11,750		34,516
Promotions.com, Inc. (a)	2,500		977
Proxicom, Inc. (a)	7,600		38,950
PSINet, Inc. (a)	26,474		33,920
PurchasePro.com, Inc. (a)	8,700		98,419
quepasa.com, Inc. (a)	10,500		1,418
Quintus Corp. (a)	3,806		266
Rare Medium Group, Inc. (a)	4,700		9,400
RealNetworks, Inc. (a)	20,900		150,219
Register.com, Inc.	8,300		51,875
Retek, Inc. (a)	6,456		143,243
Rhythms NetConnections, Inc. (a)	25,100		24,316
RoweCom, Inc. (a)	4,800		2,850
RWD Technologies, Inc. (a)	400		1,725

	Shares		Value (Note 1)
S1 Corp. (a)	5,830		$ 41,174
Saba Software, Inc.	5,000		43,750
Salon.com, Inc. (a)	4,600		2,875
SeeBeyond Technology Corp.	7,200		125,100
Selectica, Inc.	4,100		33,697
Sequoia Software Corp.	6,000		19,500
Seranova, Inc. (a)	11,500		28,031
SilverStream Software, Inc. (a)	1,700		20,188
SkillSoft Corp.	2,950		48,306
SmartServ Online, Inc. (a)	1,700		12,856
Snowball.com, Inc.	4,300		2,016
SoftNet Systems, Inc. (a)	1,300		1,869
SonicWALL, Inc. (a)	6,600		80,438
SpeedUs.com (a)	1,900		2,197
Sportsline.com, Inc. (a)	7,800		47,775
Stan Lee Media, Inc. (a)	8,100		1,013
StarMedia Network, Inc. (a)	14,800		44,400
Support.com, Inc.	4,200		41,344
Switchboard, Inc.	4,000		21,750
Synergy Brands, Inc. (a)	10,300		7,081
SynQuest, Inc.	6,300		44,100
Talk City, Inc. (a)	1,800		225
TeleCommunication Systems, Inc. Class A	4,000		24,625
Telemate.Net Software, Inc. (a)	4,500		4,781
Telescan, Inc. (a)	6,800		6,800
The Cobalt Group, Inc. (a)	3,400		9,775
The Sedona Corp. (a)	8,300		10,375
The TriZetto Group, Inc. (a)	5,600		78,400
The viaLink Co. (a)	3,000		8,250
theglobe.com, Inc. (a)	7,600		2,375
TheStreet.com, Inc. (a)	5,900		17,700
Track Data Corp. (a)	4,700		4,113
Travelocity.com, Inc. (a)	3,900		86,775
Tumbleweed Communications Corp. (a)	3,700		13,759
U.S. Interactive, Inc. (a)	2,400		1,350
Universal Access, Inc.	10,900		79,025
Uproar, Inc.	3,500		10,391
USinternetworking, Inc. (a)	20,400		43,350
USSEARCH.com, Inc. (a)	4,300		2,688
VCampus Corp. (a)	3,800		3,563
Ventro Corp. (a)	4,400		5,500
VeriSign, Inc. (a)	28,775		1,372,208
Verso Technologies, Inc. (a)	5,000		5,000
VerticalNet, Inc. (a)	10,200		32,194
Via Net.Works, Inc.	5,060		29,095
Viador, Inc. (a)	4,500		3,797
Viant Corp. (a)	13,200		40,425
Vicinity Corp.	13,150		32,875
Vignette Corp. (a)	32,956		202,885
Virage, Inc.	4,900		19,600
VirtualFund.com, Inc. (a)	5,600		3,325
Visual Data Corp. (a)	3,000		6,656
VitaminShoppe.com, Inc. Class A (a)	10,600		10,269
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Vitria Technology, Inc. (a)	18,800		$ 88,125
WatchGuard Technologies, Inc. (a)	2,700		32,063
Wavo Corp. (a)	7,500		300
Web Street, Inc. (a)	4,900		4,747
Webb Interactive Services, Inc.	5,200		15,600
WebEx Communications, Inc.	4,800		53,700
Webhire, Inc. (a)	2,200		2,475
WebMD Corp. (a)	48,706		464,229
webMethods, Inc.	6,465		277,995
WebTrends Corp. (a)	2,800		42,350
Women.com Networks, Inc. (a)	7,900		2,963
WorldGate Communications, Inc. (a)	4,600		28,175
Worldwide Xceed Group, Inc. (a)	1,800		281
XCare.net, Inc.	5,620		38,286
Youbet.com, Inc. (a)	6,300		3,347
ZeroPlus.com, Inc. (a)	3,500		2,625
ZixIt Corp. (a)	1,200		9,862
			14,580,744
IT Consulting & Services - 1.2%
Acxiom Corp. (a)	14,660		408,648
Affiliated Computer Services, Inc. Class A (a)	8,900		559,721
American Management Systems, Inc. (a)	5,500		121,688
Analysts International Corp.	10,350		65,011
AnswerThink, Inc. (a)	5,010		33,504
Aztec Technology Partners, Inc. (a)	6,900		1,078
Bell & Howell Co. (a)	3,200		73,440
Bell Microproducts, Inc. (a)	4,400		61,600
BrightStar Information Technology Group, Inc. (a)	4,500		1,828
CACI International, Inc. Class A (a)	4,900		133,525
Cambridge Technology Partners, Inc. (a)	3,300		10,622
Carreker Corp. (a)	5,400		89,100
Ciber, Inc. (a)	4,200		27,678
Cognizant Technology Solutions Corp. Class A (a)	2,300		96,600
Competitive Technologies, Inc. (a)	4,100		31,939
Complete Business Solutions, Inc. (a)	2,432		24,168
Computer Horizons Corp. (a)	6,700		25,125
Computer Task Group, Inc.	700		4,200
Cotelligent, Inc. (a)	600		564
CSP, Inc.	3,800		15,438
Data Dimensions, Inc. (a)	6,700		3,141
ECCS, Inc. (a)	3,000		1,688
Elite Information Group, Inc. (a)	100		550
eLoyalty Corp.	5,300		18,219
Enherent Corp. (a)	8,200		3,588
Forrester Research, Inc. (a)	3,800		148,438
Gartner, Inc. Class B (a)	6,400		51,840
GRIC Communications, Inc. (a)	4,500		8,719
Inforte Corp.	2,860		24,846

	Shares		Value (Note 1)
Integral Systems, Inc. (a)	4,100		$ 66,625
Investment Technology Group, Inc. (a)	3,597		185,246
Keane, Inc. (a)	5,900		88,618
KPMG Consulting, Inc.	22,400		516,600
Lionbridge Technologies, Inc. (a)	7,700		46,200
Manchester Technologies, Inc. (a)	1,900		4,038
Manhattan Associates, Inc. (a)	2,800		80,675
marchFIRST, Inc. (a)	16,838		23,678
MedCom USA, Inc. (a)	11,300		4,944
Meta Group, Inc. (a)	7,300		32,850
Metro Information Services, Inc. (a)	600		4,725
Neomedia Technologies, Inc. (a)	5,500		26,813
Netguru, Inc. (a)	1,800		6,638
Netplex Group, Inc. (a)	3,800		594
Network Access Solutions Corp. (a)	3,800		4,394
New Horizons Worldwide, Inc. (a)	400		5,925
OAO Technology Solutions, Inc. (a)	4,000		5,875
Official Payments Corp. (a)	1,000		6,875
Perot Systems Corp. Class A (a)	8,100		103,680
Pfsweb, Inc. (a)	19,953		19,953
Pilot Network Services, Inc. (a)	3,500		5,031
PowerCerv Corp. (a)	4,700		1,616
Predictive Systems, Inc. (a)	7,500		21,563
Primix Solutions, Inc. (a)	2,700		5,316
Razorfish, Inc. Class A (a)	22,074		25,523
Renaissance Worldwide, Inc. (a)	4,200		4,463
Safeguard Scientifics, Inc. (a)	13,800		99,222
Savvis Communications Corp.	8,580		9,384
Scient Corp. (a)	9,400		27,613
StarTek, Inc. (a)	1,500		23,325
SunGard Data Systems, Inc. (a)	21,436		1,193,985
Superior Consultant Holdings Corp. (a)	2,800		11,200
Sykes Enterprises, Inc. (a)	4,700		21,591
Syntel, Inc. (a)	1,400		8,663
Tanning Technology Corp. (a)	11,600		64,525
Technology Solutions, Inc.	9,500		30,281
TekInsight.com, Inc. (a)	8,600		10,750
TenFold Corp. (a)	7,200		14,400
The Management Network Group, Inc. (a)	2,000		22,750
Tier Technologies, Inc. Class B (a)	5,700		54,506
Titan Corp. (a)	5,433		134,195
TSR, Inc. (a)	300		1,219
Tyler Technologies, Inc.	300		420
UBICS, Inc. (a)	4,000		8,000
Vestcom International, Inc. (a)	500		1,188
WidePoint Corp. (a)	5,600		1,050
Xpedior, Inc. (a)	4,000		2,750
Zamba Corp. (a)	2,200		5,844
			5,091,825
Office Electronics - 0.1%
Global Imaging Systems, Inc. (a)	300		1,556
IKON Office Solutions, Inc.	35,000		156,800
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Office Electronics - continued
Zebra Technologies Corp.:
Class A (a)	6,000		$ 270,375
Class B	270		12,167
			440,898
Semiconductor Equipment & Products - 2.9%
Actel Corp. (a)	3,100		62,775
ADE Corp. (a)	1,400		18,309
Advanced Power Technology, Inc.	2,800		34,300
Alliance Semiconductor Corp. (a)	9,600		118,200
Alpha Industries, Inc. (a)	5,400		87,075
Amkor Technology, Inc. (a)	25,000		407,813
Amtech Systems, Inc. (a)	4,800		33,600
Artisan Components, Inc. (a)	1,900		18,050
Atmel Corp. (a)	63,900		670,950
ATMI, Inc. (a)	3,500		58,844
Axcelis Technologies, Inc.	12,100		111,547
AXT, Inc. (a)	1,900		42,869
Blue Wave Systems, Inc. (a)	10,800		72,900
Brooks Automation, Inc. (a)	2,100		72,450
C-Cube Microsystems, Inc. (a)	3,900		31,566
C.P. Clare Corp. (a)	2,300		9,488
Cabot Microelectronics Corp.	3,177		192,407
California Micro Devices Corp. (a)	5,800		43,863
Catalyst Semiconductor, Inc. (a)	7,800		34,613
Celeritek, Inc. (a)	1,700		24,013
ChipPac, Inc.	16,100		64,400
Cirrus Logic, Inc. (a)	11,300		203,400
Credence Systems Corp. (a)	5,800		133,400
Cree, Inc. (a)	9,200		193,200
Cymer, Inc. (a)	3,100		66,263
Cypress Semiconductor Corp.	15,200		297,616
Dallas Semiconductor Corp.	11,200		312,480
Dense-Pac Microsystems, Inc (a)	7,600		15,200
Diodes, Inc. (a)	5,200		53,300
Dupont Photomasks, Inc. (a)	3,900		257,156
Elantec Semiconductor, Inc. (a)	2,500		49,531
Electroglas, Inc. (a)	7,400		108,688
EMCORE Corp. (a)	4,700		121,906
Entegris, Inc.	8,500		67,469
ESS Technology, Inc. (a)	10,200		68,850
Exar Corp. (a)	4,200		79,800
Fairchild Semiconductor International, Inc. Class A (a)	15,400		226,226
FEI Co. (a)	6,100		137,441
FSI International, Inc. (a)	9,403		76,987
General Semiconductor, Inc. (a)	11,900		106,505
Genus, Inc. (a)	5,200		15,438
GlobeSpan, Inc. (a)	9,900		198,000
Helix Technology, Inc.	3,100		73,625
Hi/fn, Inc. (a)	2,276		33,429
Hytek Microsystems, Inc. (a)	4,300		16,125

	Shares		Value (Note 1)
Ibis Technology Corp. (a)	1,100		$ 27,500
Ikos Systems, Inc. (a)	5,500		72,875
Insilicon Corp.	4,900		25,419
Integrated Circuit Systems, Inc.	7,200		116,100
Integrated Device Technology, Inc. (a)	14,137		409,089
Integrated Silicon Solution (a)	3,300		44,138
Integrated Telecom Express, Inc.	5,500		14,266
International Rectifier Corp. (a)	7,300		240,900
Intersil Holding Corp. Class A	5,515		102,028
IXYS Corp. (a)	4,900		62,475
Kulicke & Soffa Industries, Inc. (a)	4,000		46,000
LAM Research Corp. (a)	15,000		322,500
Lattice Semiconductor Corp. (a)	11,600		214,600
Logic Devices, Inc. (a)	9,600		12,600
LTX Corp. (a)	4,300		59,931
Mattson Technology, Inc. (a)	6,347		83,304
MEMC Electronic Materials, Inc. (a)	5,500		45,100
Micrel, Inc. (a)	13,800		388,125
Micro Component Technology, Inc. (a)	7,100		24,406
Micro Linear Corp. (a)	8,200		24,344
Microchip Technology, Inc. (a)	17,384		415,043
Microsemi Corp. (a)	3,900		109,688
Microtune, Inc.	3,700		36,306
MIPS Technologies, Inc. Class A (a)	4,300		142,169
MKS Instruments, Inc. (a)	11,009		192,658
NETsilicon, Inc. (a)	2,500		12,344
Novellus Systems, Inc. (a)	2,652		102,434
Oak Technology, Inc. (a)	5,148		26,223
Omnivision Technologies, Inc.	2,800		11,200
ON Semiconductor Corp.	11,500		69,000
Opti, Inc. (a)	3,000		12,000
Panda Project, Inc. (a)	100		3
Pericom Semiconductor Corp. (a)	3,200		38,400
Photon Dynamics, Inc. (a)	1,400		34,825
Photronics, Inc. (a)	3,335		105,053
Pixelworks, Inc.	6,300		88,594
PLX Technology, Inc. (a)	2,900		18,488
Power Integrations, Inc. (a)	7,400		117,013
PRI Automation, Inc. (a)	2,100		41,081
Quantum Corp. - Hard Disk Drive Group (a)	10,106		106,113
QuickLogic Corp. (a)	8,700		56,550
Rambus, Inc. (a)	13,600		518,500
Ramtron International Corp. (a)	5,160		29,993
RF Micro Devices, Inc. (a)	22,700		252,538
Rudolph Technologies, Inc. (a)	2,000		71,750
Sage, Inc. (a)	4,771		32,950
Satcon Technology Corp. (a)	3,300		35,475
Semitool, Inc. (a)	6,400		65,200
Semtech Corp. (a)	7,600		190,475
SEMX Corp. (a)	6,100		27,450
Sensar Corp. (a)	2,300		2,300
Silicon Image, Inc. (a)	6,000		23,250
Silicon Laboratories, Inc.	5,200		84,500
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Semiconductor Equipment & Products - continued
Silicon Storage Technology, Inc. (a)	11,700		$ 117,000
Silicon Valley Group, Inc. (a)	7,400		197,488
Siliconix, Inc. (a)	6,600		204,806
SONICblue, Inc. (a)	8,368		53,346
Spectra Physics Lasers, Inc. (a)	2,900		55,100
SpeedFam-IPEC, Inc. (a)	5,642		43,020
Standard Microsystems Corp. (a)	5,500		86,281
Supertex, Inc. (a)	3,800		52,013
Tegal Corp. (a)	11,400		34,556
Therma-Wave, Inc.	4,170		45,609
Three-Five Systems, Inc. (a)	1,948		33,369
Transmeta Corp.	19,100		389,163
Transwitch Corp. (a)	10,950		219,684
Trident Microsystems, Inc. (a)	4,800		26,400
TriQuint Semiconductor, Inc. (a)	10,700		194,606
TTM Technologies, Inc.	5,575		39,025
Ultratech Stepper, Inc. (a)	6,400		155,600
Varian Semiconductor Equipment Associates, Inc. (a)	4,200		118,388
Virata Corp. (a)	6,900		69,863
White Electronic Designs Corp. (a)	7,500		50,156
Xicor, Inc. (a)	8,700		33,169
Zoran Corp. (a)	1,700		25,181
			12,771,156
Software - 5.3%
5B Technologies Corp. (a)	2,200		3,850
Acclaim Entertainment, Inc. (a)	12,600		16,144
ActionPoint, Inc. (a)	2,600		9,425
Activision, Inc. (a)	3,200		73,400
Actuate Software Corp. (a)	7,100		86,088
Adam.com, Inc. (a)	2,800		5,950
Adept Technology, Inc. (a)	1,300		19,825
Advantage Learning Systems, Inc. (a)	6,700		198,488
Advent Software, Inc. (a)	5,400		207,900
Agile Software Corp. (a)	6,400		139,600
ALPNET, Inc. (a)	7,800		6,338
Alysis Technologies, Inc. (a)	2,700		2,869
American Software, Inc. Class A (a)	11,800		21,388
Analytical Surveys, Inc. (a)	2,400		2,325
Ansoft Corp. (a)	400		4,225
Ansys, Inc. (a)	6,700		73,700
Applied Digital Solutions, Inc. (a)	19,050		32,742
Applied Microsystems Corp. (a)	2,700		11,813
Applix, Inc. (a)	3,500		13,563
AremisSoft Corp. (a)	7,600		188,100
ARI Network Services, Inc. (a)	2,800		3,150
Artificial Life, Inc. (a)	1,000		2,000
Artisoft, Inc. (a)	6,400		20,400
Ascendant Solutions, Inc. (a)	3,800		713
Aspen Technology, Inc. (a)	3,400		88,613
Avant! Corp. (a)	9,500		174,563

	Shares		Value (Note 1)
AvantGo, Inc.	4,600		$ 23,575
AVT Corp. (a)	11,400		58,781
AXS-One, Inc. (a)	6,000		4,380
Barra, Inc. (a)	4,950		217,181
Base Ten Systems, Inc. Class A (a)	160		16
Be, Inc. (a)	9,400		14,100
BEA Systems, Inc. (a)	36,400		1,396,850
BindView Development Corp. (a)	5,300		35,775
Bitstream, Inc. Class A (a)	8,100		15,188
Black Box Corp. (a)	3,700		152,163
Borland Software Corp. (a)	3,281		26,453
Bottomline Technologies, Inc. (a)	1,400		14,219
Brio Technology, Inc. (a)	10,600		83,144
Broadbase Software, Inc. (a)	5,900		20,650
BSQUARE Corp. (a)	1,900		18,050
Cadence Design Systems, Inc. (a)	39,044		989,765
Caldera Systems, Inc.	7,100		14,422
CAM Commerce Solutions, Inc. (a)	2,100		8,400
CareCentric, Inc. (a)	20		65
CareCentric, Inc. (restricted)	17		0
Catapult Communications Corp. (a)	4,700		79,313
CE Computer Equipment AG sponsored ADR (a)	1,576		12,017
Centura Software Corp. (a)	3,500		4,922
Cerner Corp. (a)	4,700		240,581
Chequemate International, Inc. (a)	2,400		624
Clarus Corp. (a)	6,600		46,200
Click2learn.com, Inc. (a)	3,900		12,431
Command Systems, Inc. (a)	500		2,469
Concero, Inc. (a)	1,800		4,388
Concord Communications, Inc. (a)	1,800		22,050
Concur Technologies, Inc. (a)	1,700		1,753
Convera Corp. Class A (a)	3,300		38,775
Corio, Inc.	6,200		16,663
Cornerstone Internet Solutions Co. (a)	8,300		519
Cray, Inc. (a)	23,700		54,806
Data Critical Corp. (a)	4,700		12,631
Datastream Systems, Inc. (a)	2,300		23,431
Datatec Systems, Inc. (a)	11,700		20,109
Datawatch Corp. (a)	7,500		6,094
Deltek Systems, Inc. (a)	5,200		24,375
Dendrite International, Inc. (a)	5,400		96,187
Direct Insite Corp.	800		200
DocuCorp International, Inc. (a)	180		563
Documentum, Inc. (a)	4,400		94,050
DST Systems, Inc. (a)	20,072		1,224,392
E.piphany, Inc. (a)	11,700		196,706
ebix.com, Inc. (a)	3,600		3,600
EBT International, Inc. (a)	7,900		19,750
Eclipsys Corp. (a)	4,110		86,824
Ecometry Corp. (a)	10,200		17,213
Electronic Arts, Inc. (a)	17,700		885,000
Embarcadero Technologies, Inc.	2,700		78,300
Enlighten Software Solutions, Inc. (a)	3,000		1,781
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Software - continued
Entrust Technologies, Inc. (a)	7,400		$ 59,431
Envision Development Corp. (a)	1,700		170
Epicor Software Corp. (a)	6,635		13,063
ePresence, Inc. (a)	6,000		44,250
ESPS, Inc. (a)	6,200		16,275
Evans & Sutherland Computer Corp. (a)	600		4,425
Evolving Systems, Inc. (a)	2,100		6,563
Exchange Applications, Inc. (a)	14,500		33,078
Fair, Isaac & Co., Inc.	300		18,540
FileNET Corp. (a)	3,400		74,800
Firstwave Technologies, Inc. (a)	3,600		6,075
Fonix corp (a)	23,800		13,209
Fortel, Inc. (a)	9,900		3,713
Frontstep, Inc. (a)	2,600		11,700
General Magic, Inc. (a)	6,600		10,106
Gensym Corp. (a)	4,300		4,031
Geoworks Corp. (a)	1,600		3,400
Gerber Scientific, Inc.	900		6,309
GraphOn Corp. (a)	7,300		14,828
Great Plains Software, Inc. (a)	4,100		264,706
H.T.E., Inc. (a)	7,500		15,469
Health Management Systems, Inc. (a)	6,600		8,663
HealthCentral.com (a)	5,700		2,316
HNC Software, Inc.	3,400		79,263
Hyperion Solutions Corp. (a)	2,790		47,779
i2 Technologies, Inc. (a)	60,290		1,620,294
IDX Systems Corp. (a)	6,100		117,425
ImageX.com, Inc. (a)	4,700		9,400
ImaginOn, Inc. (a)	20,000		1,300
Imation Corp. (a)	5,700		125,970
IMR Global Corp. (a)	2,050		13,005
Indus International, Inc. (a)	4,400		17,600
Industri-Matematik International Corp. (a)	5,900		10,878
Inet Technologies, Inc. (a)	8,000		120,500
Infinium Software, Inc. (a)	3,400		6,481
InfoCure Corp. (a)	10,500		42,656
Infogrames, Inc. (a)	10,200		76,819
Informatica Corp. (a)	11,200		267,400
Information Architects Corp. (a)	8,800		16,500
Information Management Association, Inc. (a)	3,900		4
Informax, Inc.	2,600		26,000
Informix Corp. (a)	28,970		206,411
Ingenuus Corp. (a)	7,600		1,425
Inktomi Corp. (a)	16,300		184,394
Innoveda, Inc. (a)	6,700		25,963
insci-statements.com Corp. (a)	7,200		3,600
InteliData Technologies Corp. (a)	3,900		13,772
IntelliCorp, Inc. (a)	7,700		9,625
Interact Commerce Corp. (a)	1,400		11,025

	Shares		Value (Note 1)
Interactive Intelligence, Inc. (a)	3,000		$ 69,000
Intertrust Technologies Corp. (a)	15,400		61,119
InterVoice-Brite, Inc. (a)	7,496		63,716
Intrusion.com, Inc. (a)	6,700		29,313
J.D. Edwards & Co. (a)	14,200		147,325
Jack Henry & Associates, Inc.	7,400		338,088
JDA Software Group, Inc. (a)	4,400		57,200
Kronos, Inc. (a)	3,400		109,013
Latitude Communications, Inc. (a)	8,100		25,566
LeadingSide, Inc. (a)	2,700		432
Legato Systems, Inc. (a)	9,052		115,413
Level 8 Systems, Inc. (a)	8,282		38,304
Liberate Technologies (a)	11,900		112,306
Lightbridge, Inc. (a)	13,520		160,550
Lightspan, Inc.	7,090		15,288
Logility, Inc. (a)	1,700		4,675
Macromedia, Inc. (a)	8,500		249,156
Manugistics Group, Inc. (a)	7,800		241,800
Mapics, Inc. (a)	9,000		45,000
MapInfo Corp. (a)	3,875		107,773
Mentor Graphics Corp. (a)	8,700		213,150
Mercator Software, Inc. (a)	14,200		98,956
MetaSolv, Inc. (a)	3,500		59,500
Micromuse, Inc. (a)	9,800		402,413
MICROS Systems, Inc. (a)	4,900		87,894
MicroStrategy, Inc. Class A (a)	2,800		25,113
Microware Systems Corp. (a)	5,900		4,609
MSC Software Corp. (a)	100		950
MyTurn.com, Inc. (a)	9,000		1,969
National Instrument Corp. (a)	9,325		453,428
NEON Systems, Inc. (a)	1,200		8,138
NetIQ Corp. (a)	5,282		166,383
NetManage, Inc. (a)	9,427		11,784
NetScout Systems, Inc. (a)	6,000		43,500
Netsol International, Inc. (a)	4,400		17,600
NetSpeak Corp. (a)	6,300		9,056
Network-1 Security Solutions, Inc. (a)	2,300		7,188
Networks Associates, Inc. (a)	16,418		106,204
New Era of Networks, Inc. (a)	3,300		24,441
Novadigm, Inc. (a)	5,000		26,250
Nuance Communications, Inc.	4,200		96,600
Numerical Technologies, Inc.	2,700		41,681
NVIDIA Corp. (a)	8,500		379,844
NYFIX, Inc. (a)	5,625		139,219
Omtool Ltd. (a)	700		919
ON Technology Corp. (a)	4,000		4,125
Ontrack Data International, Inc. (a)	4,600		34,213
ONYX Software Corp. (a)	4,200		45,675
Opnet Technologies, Inc.	2,300		40,250
Optika, Inc. (a)	5,100		6,056
PASW, Inc. (a)	3,300		2,475
Peerless Systems Corp. (a)	6,900		5,175
Pegasystems, Inc. (a)	1,000		4,594
Peregrine Systems, Inc. (a)	18,950		466,644
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Software - continued
Pervasive Software, Inc. (a)	4,000		$ 6,000
Phoenix Technologies Ltd. (a)	7,990		138,826
PlanetCAD, Inc. (a)	4,900		3,920
Portal Software, Inc. (a)	30,000		214,688
Progress Software Corp. (a)	9,400		138,063
Project Software & Development, Inc. (a)	2,500		38,438
Pumatech, Inc. (a)	4,300		23,784
QAD, Inc. (a)	3,600		10,800
QRS Corp. (a)	3,750		33,281
Quadramed Corp. (a)	5,700		14,784
Quest Software, Inc. (a)	14,000		362,250
Radiant Systems, Inc. (a)	5,100		96,581
RadiSys Corp. (a)	2,253		49,566
Rational Software Corp. (a)	28,400		992,225
RAVISENT Technologies, Inc. (a)	3,800		8,313
Red Hat, Inc. (a)	20,300		130,681
Registry Magic, Inc. (a)	1,000		2,625
Remedy Corp. (a)	2,800		68,075
Resonate, Inc.	3,600		13,950
Rogue Wave Software, Inc. (a)	8,300		36,313
Ross Systems, Inc. (a)	11,900		4,834
RSA Security, Inc. (a)	4,900		232,750
SafeNet, Inc. (a)	2,200		100,375
SAFLINK Corp. (a)	7,100		6,213
Sagent Technology, Inc. (a)	3,500		10,500
Sanchez Computer Associates, Inc. (a)	3,100		30,613
Santa Cruz Operation, Inc. (a)	14,600		21,900
ScanSoft, Inc. (a)	9,048		9,613
SeaChange International, Inc. (a)	4,450		62,300
Secure Computing Corp. (a)	3,900		42,900
Segue Software, Inc. (a)	2,900		19,938
SERENA Software, Inc. (a)	5,500		93,844
SignalSoft Corp.	3,100		24,025
Smith Micro Software, Inc. (a)	1,800		3,263
Sonic Foundry, Inc. (a)	1,400		2,800
SpeechWorks International, Inc.	3,900		64,106
SPSS, Inc. (a)	8,229		167,666
SS&C Technologies, Inc. (a)	600		3,206
StarBase Corp. (a)	3,100		10,075
Structural Dynamics Research Corp. (a)	7,600		100,700
Sybase, Inc. (a)	16,500		323,813
Symantec Corp. (a)	10,790		491,619
Synopsys, Inc. (a)	8,365		454,324
Systems & Computer Technology Corp. (a)	9,500		114,594
T-HQ, Inc. (a)	2,600		72,638
T/R Systems, Inc. (a)	7,700		35,131
Take-Two Interactive Software, Inc. (a)	8,600		98,900
Talarian Corp.	5,600		19,600
TALX Corp.	4,860		105,098
Tangram Enterprise Solutions, Inc. (a)	2,900		2,538

	Shares		Value (Note 1)
TCSI Corp. (a)	8,600		$ 10,750
Telynx, Inc. (a)	11,500		265
The 3DO Co. (a)	17,200		29,563
TIBCO Software, Inc. (a)	28,900		390,150
Timberline Software Corp.	2,800		9,100
Transaction Systems Architects, Inc. Class A (a)	2,300		21,563
Tricord Systems, Inc. (a)	5,400		48,769
Troy Group, Inc. (a)	2,300		10,494
Ulticom, Inc.	4,500		110,813
Ultimate Software Group, Inc. (a)	2,500		11,094
Unicomp, Inc. (a)	4,400		2,475
Unigraphics Solutions, Inc. Class A (a)	700		16,100
USDATA Corp. (a)	1,100		825
V-One Corp. (a)	6,600		16,500
VA Linux Systems, Inc. (a)	5,845		24,476
Vastera, Inc.	5,400		78,638
Verity, Inc. (a)	3,900		103,106
Versant Corp. (a)	3,300		8,456
Versata, Inc.	3,700		13,181
Vertel Corp. (a)	3,600		7,087
Vertex Interactive, Inc. (a)	6,800		40,800
Viewpoint Corp. (a)	2,500		12,266
Visual Networks, Inc. (a)	21,500		80,625
Vizacom, Inc. (a)	5,000		1,719
Voxware, Inc. (a)	6,500		5,078
Walker Interactive Systems, Inc. (a)	5,100		7,331
Wave Systems Corp. Class A (a)	4,700		23,500
Wind River Systems, Inc. (a)	11,820		277,770
Witness Systems, Inc.	4,110		48,806
			23,071,047
TOTAL INFORMATION TECHNOLOGY			88,921,518
MATERIALS - 2.9%
Chemicals - 1.3%
A. Schulman, Inc.	12,900		155,606
Airgas, Inc. (a)	4,300		34,873
Albemarle Corp.	3,840		91,584
Altair International, Inc. (a)	16,100		35,219
Arch Chemicals, Inc.	2,750		54,863
Cabot Corp.	13,800		473,202
Calgon Carbon Corp.	1,300		8,970
Cambrex Corp.	1,400		58,394
ChemFirst, Inc.	700		17,500
Crompton Corp.	10,495		124,891
Cytec Industries, Inc. (a)	8,800		295,240
Eco Soil Systems, Inc. (a)	500		391
Ethyl Corp.	1,200		1,932
Ferro Corp.	9,300		218,457
General Chemical Group, Inc. (a)	1,000		870
Georgia Gulf Corp.	10,100		174,932
H.B. Fuller Co.	4,500		186,188
Hauser, Inc. (a)	25		11
Common Stocks - continued
	Shares		Value (Note 1)
MATERIALS - continued
Chemicals - continued
Hawkins Chemicals, Inc.	100		$ 975
IMC Global, Inc.	24,680		339,350
International Specialty Products, Inc. (a)	3,500		26,600
LESCO, Inc.	1,700		23,588
Lubrizol Corp.	12,000		387,240
Lyondell Chemical Co.	23,700		379,200
MacDermid, Inc.	2,400		45,168
Material Sciences Corp. (a)	600		5,280
Millennium Chemicals, Inc.	12,800		229,120
Minerals Technologies, Inc.	4,100		155,021
Mississippi Chemical Corp. (a)	800		3,560
Monsanto Co.	5,200		166,400
NL Industries, Inc.	4,000		79,000
Olin Corp.	9,100		188,825
OM Group, Inc.	5,200		263,640
PolyOne Corp.	6,100		52,460
RPM, Inc.	26,925		248,249
Solutia, Inc.	22,900		307,318
Southwall Technologies, Inc. (a)	7,100		19,525
Spartech Corp.	2,200		35,200
Stepan Co.	300		6,735
Symyx Technologies, Inc. (a)	3,100		85,638
Terra Industries, Inc. (a)	1,900		6,536
The Scotts Co. Class A (a)	6,900		284,625
Valhi, Inc.	10,500		110,145
Valspar Corp.	8,900		291,475
WD-4O Co.	700		14,175
Zoltek Companies, Inc. (a)	2,700		14,006
			5,702,177
Construction Materials - 0.3%
Amcol International Corp.	1,150		4,083
Ameron International Corp.	100		4,621
Centex Construction Products, Inc.	900		26,415
Continental Materials Corp. (a)	500		7,805
Florida Rock Industries, Inc.	3,100		127,255
Huttig Building Products, Inc. (a)	7,400		35,520
Lafarge Corp.	15,900		484,950
Martin Marietta Materials, Inc.	9,900		454,905
Texas Industries, Inc.	6,800		191,896
			1,337,450
Containers & Packaging - 0.4%
Alltrista Corp. (a)	100		1,375
Caraustar Industries, Inc.	8,900		80,100
Chesapeake Corp.	6,900		178,020
EarthShell Corp. (a)	24,700		33,191
Gaylord Container Corp. Class A (a)	1,700		1,972
Graphic Packaging International Corp. (a)	900		1,575
Greif Brothers Corp. Class A	900		24,300
Ivex Packaging Corp. (a)	7,700		100,100

	Shares		Value (Note 1)
Longview Fibre Co.	1,800		$ 22,842
Myers Industries, Inc.	605		7,563
Packaging Corp. of America	21,000		304,500
Rock-Tenn Co. Class A	700		5,453
Silgan Holdings, Inc. (a)	500		5,719
Smurfit-Stone Container Corp. (a)	38,600		557,288
Sonoco Products Co.	20,150		447,733
Tuscarora Plastics, Inc.	100		2,138
Viskase Companies, Inc. (a)	100		175
			1,774,044
Metals & Mining - 0.6%
A.M. Castle & Co.	400		3,896
AK Steel Holding Corp.	23,240		221,477
Alyn Corp. (a)	100		0
Arch Coal, Inc.	1,300		30,615
Birmingham Steel Corp. (a)	3,300		4,785
Brush Engineered Materials, Inc.	600		12,630
Carbide/Graphite Group, Inc. (a)	2,600		3,575
Carpenter Technology Corp.	6,400		177,280
Century Aluminum Co.	2,000		27,375
Cleveland-Cliffs, Inc.	7,400		132,830
Coeur d'Alene Mines Corp. (a)	10,500		16,800
Commercial Metals Co.	700		17,899
Commonwealth Industries, Inc.	2,300		11,788
CONSOL Energy, Inc.	15,600		468,000
Echo Bay Mines Ltd. (a)	6,800		5,888
Gibraltar Steel Corp.	300		4,406
Hecla Mining Co. (a)	10,800		10,584
IMCO Recycling, Inc.	500		2,515
Kaiser Aluminum Corp. (a)	2,400		8,520
LTV Corp.	30,000		5,850
MAXXAM, Inc. (a)	200		3,190
Meridian Gold, Inc. (a)	7,100		49,456
Metal Management, Inc. (a)	9,800		441
Metals USA, Inc.	1,200		3,720
National Steel Corp. Class B	1,400		2,800
Newmont Mining Corp.	6,027		101,555
NN, Inc.	200		1,469
Northwest Pipe Co. (a)	400		4,700
NS Group, Inc. (a)	700		7,483
Olympic Steel, Inc. (a)	500		1,313
Oregon Steel Mills, Inc.	1,000		3,980
Quanex Corp.	600		10,800
Roanoke Electric Steel Corp.	350		3,806
Rock of Ages Corp. Class A (a)	600		3,000
Rouge Industries, Inc. Class A	500		1,105
RTI International Metals, Inc. (a)	2,400		38,640
Ryerson Tull, Inc.	764		7,930
Schnitzer Steel Industries, Inc. Class A	100		1,306
Shaw Group (a)	4,800		241,488
Shiloh Industries, Inc. (a)	400		1,875
Special Metals Corp. (a)	200		475
Steel Dynamics, Inc. (a)	13,900		172,881
Common Stocks - continued
	Shares		Value (Note 1)
MATERIALS - continued
Metals & Mining - continued
Steel Technologies, Inc.	4,900		$ 30,319
Stillwater Mining Co. (a)	5,250		174,773
Titanium Metals Corp. (a)	2,900		24,679
Tremont Corp.	200		6,700
UCAR International, Inc. (a)	11,800		153,400
USEC, Inc.	30,500		192,150
Weirton Steel Corp. (a)	9,000		9,720
WHX Corp. (a)	3,100		4,898
Wolverine Tube, Inc. (a)	2,100		27,111
			2,453,876
Paper & Forest Products - 0.3%
Bowater, Inc.	6,700		337,211
Buckeye Technologies, Inc. (a)	1,000		12,320
Georgia-Pacific Group - Timber Group	14,700		466,431
P.H. Glatfelter Co.	1,300		15,587
Plum Creek Timber Co., Inc.	10,000		259,300
Pope & Talbot, Inc.	400		5,540
Rayonier, Inc.	6,800		285,872
U.S. Timberlands Co. LP	6,000		46,500
Wausau-Mosinee Paper Corp.	1,840		20,866
			1,449,627
TOTAL MATERIALS			12,717,174
TELECOMMUNICATION SERVICES - 4.1%
Diversified Telecommunication Services - 1.9%
Adelphia Business Solution, Inc. Class A (a)	13,500		78,891
Alaska Communication Systems Group, Inc. (a)	4,300		29,294
Allegiance Telecom, Inc. (a)	14,850		300,713
Allied Riser Communications Corp. (a)	10,700		25,747
Arguss Communications, Inc. (a)	7,200		53,856
At Home Corp. Series A (a)	53,090		308,586
Atlantic Tele-Network, Inc.	440		4,849
BroadWing, Inc. (a)	34,856		819,813
Choice One Communications, Inc.	4,170		35,184
Commonwealth Telephone Enterprises, Inc. (a)	4,200		142,800
Convergent Communications, Inc. (a)	6,700		2,303
Covad Communications Group, Inc. (a)	21,350		38,030
CTC Communications Group, Inc. (a)	9,200		75,900
Cypress Communications, Inc.	8,050		7,798
Dial-Through International Corp. (a)	4,800		7,350
DSET Corp. (a)	8,400		20,475
e.spire Communications, Inc. (a)	4,600		3,019
eGlobe, Inc. (a)	1,404		105
eLECTRIC Communications Corp. (a)	14,200		10,650
Electric Lightwave, Inc. Class A (a)	3,600		13,725
eShare Technologies, Inc. (a)	2,700		2,869
Focal Communications Corp. (a)	13,400		171,688

	Shares		Value (Note 1)
General Communications, Inc. Class A (a)	15,000		$ 120,938
Global TeleSystems, Inc. (a)	25,100		30,622
I-Link Corp. (a)	5,500		4,125
IDT Corp. (a)	3,700		83,250
Illuminet Holdings, Inc. (a)	7,500		194,063
Infonet Services Corp. Class B (a)	47,500		250,325
Intercontinental Telecom Corp. warrants 4/30/02 (a)	110		0
Intermedia Communications, Inc. (a)	7,000		110,688
ITC DeltaCom, Inc.	16,100		112,197
Level 3 Communications, Inc. (a)	55,500		1,404,844
Lexent, Inc.	4,700		32,900
McLeodUSA, Inc. Class A (a)	94,118		1,235,299
Metromedia Fiber Network, Inc. Class A (a)	68,584		651,548
Mpower Communications Corp. (a)	8,000		35,000
NEON Communications, Inc. (a)	7,200		38,025
Net2000 Communications, Inc.	8,600		22,575
Network Plus Corp. (a)	9,800		42,263
North Pittsburgh Systems, Inc.	500		5,438
NTELOS, Inc.	1,800		28,913
OpticNet, Inc. (a)	1,100		1
Pac-West Telecomm, Inc. (a)	7,320		31,339
Pacific Gateway Exchange, Inc. (a)	10,800		335
Primus Telecommunications Group, Inc. (a)	6,261		18,587
PTEK Holdings, Inc. (a)	13,133		29,139
Quentra Networks, Inc. (a)	4,305		409
RCN Corp.	16,100		148,925
SCC Communications Corp. (a)	5,700		44,531
STAR Telecommunications, Inc. (a)	24,715		6,179
Startec Global Communications Corp. (a)	3,600		4,950
TALK.com, Inc. (a)	14,700		21,591
Teligent, Inc. Class A (a)	5,500		7,906
Time Warner Telecom, Inc. Class A (a)	5,900		381,656
U.S. LEC Corp. Class A (a)	6,100		52,613
USN Communications, Inc. (a)	700		4
Vialog Corp. (a)	6,700		41,540
Viatel, Inc. (a)	6,890		13,780
Western Multiplex Corp. Class A	6,900		68,138
Williams Communications Group, Inc. (a)	8,800		109,648
WinStar Communications, Inc. (a)	12,400		156,550
WorldPort Communications, Inc. (a)	13,900		39,963
WorldQuest Networks, Inc.	1,860		4,534
XETA Technologies, Inc. (a)	3,400		24,438
XO Communications, Inc. Class A (a)	37,648		560,014
			8,323,428
Wireless Telecommunication Services - 2.2%
@Track Communications, Inc. (a)	5,800		2,538
Advanced Radio Telecom Corp. (a)	12,500		18,750
Aether Systems, Inc. (a)	5,000		128,750
AirGate PCS, Inc. (a)	1,600		70,600
Alamosa Holdings, Inc.	5,870		61,635
Common Stocks - continued
	Shares		Value (Note 1)
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - continued
American Tower Corp. Class A (a)	26,220		$ 758,807
Aquis Communication Group, Inc. (a)	8,500		1,615
Arch Wireless, Inc. (a)	5,133		4,491
At Road, Inc.	13,900		41,700
Boston Communications Group, Inc. (a)	3,800		25,294
Centennial Communications Corp. Class A (a)	10,400		202,150
Crown Castle International Corp. (a)	29,800		748,725
DDi Corp.	6,800		144,925
Dobson Communications Corp. Class A	15,620		289,946
EMS Technologies, Inc. (a)	4,100		63,806
i3 Mobile, Inc.	9,600		18,000
LCC International, Inc. (a)	1,900		17,100
Leap Wireless International, Inc. (a)	2,750		84,047
Metricom, Inc. (a)	3,800		17,338
Metro One Telecommunications, Inc. (a)	4,800		110,400
Metrocall, Inc. (a)	6,100		3,241
Motient Corp. (a)	3,900		14,381
Nextel Partners, Inc. Class A	25,500		495,656
o2wireless Solutions, Inc.	3,000		16,688
OmniSky Corp.	10,535		26,831
PanAmSat Corp. (a)	5,600		214,200
Powertel, Inc. (a)	4,900		288,794
Price Communications Corp. (a)	9,715		179,242
Rural Cellular Corp. Class A (a)	2,500		94,688
Telaxis Communications Corp.	9,620		15,031
TeleCorp PCS, Inc. Class A (a)	27,204		581,486
Telephone & Data Systems, Inc.	9,800		915,810
Triton PCS Holdings, Inc. Class A (a)	6,500		226,281
Ubiquitel, Inc.	8,200		55,350
United States Cellular Corp. (a)	13,600		806,208
VoiceStream Wireless Corp. (a)	24,475		2,325,126
Vyyo, Inc.	3,800		29,213
WebLink Wireless, Inc. Class A (a)	12,800		8,000
Western Wireless Corp. Class A (a)	10,700		451,406
Wireless Facilities, Inc. (a)	5,000		67,500
Z-Tel Technologies, Inc. (a)	13,100		63,863
			9,689,612
TOTAL TELECOMMUNICATION SERVICES			18,013,040
UTILITIES - 3.5%
Electric Utilities - 2.1%
Allete	5,500		129,250
Alliant Energy Corp.	16,739		552,387
Bangor Hydro-Electric Co.	3,000		77,460
Black Hills Corp.	650		25,591
Central Vermont Public Service Corp.	5,400		85,320
CH Energy Group, Inc.	500		22,000
Cleco Corp.	6,400		290,496
Conectiv, Inc.	16,700		372,410

	Shares		Value (Note 1)
DPL, Inc.	16,133		$ 463,017
DQE, Inc.	11,600		376,420
El Paso Electric Co. (a)	7,900		100,725
Empire District Electric Co.	7,800		156,702
Energy East Corp.	20,564		386,603
Hawaiian Electric Industries, Inc.	7,200		264,600
IDACORP, Inc.	5,100		187,680
IPALCO Enterprises, Inc.	7,800		187,980
Kansas City Power & Light Co.	8,400		219,324
Madison Gas & Electric Co.	500		11,406
Mirant Corp.	54,500		1,362,500
Montana Power Co.	14,000		252,700
Northeast Utilities	21,200		432,480
NRG Energy, Inc.	7,100		196,670
NSTAR Companies	8,924		362,761
OGE Energy Corp.	15,600		362,232
Orion Power Holdings, Inc.	13,600		339,320
Otter Tail Power Co.	200		5,000
Potomac Electric Power Co.	19,100		427,840
Public Service Co. of New Mexico	5,400		138,672
Puget Energy, Inc.	12,500		297,250
RGS Energy Group, Inc.	7,000		255,080
TECO Energy, Inc.	20,500		598,395
UIL Holdings Corp.	600		29,172
Unisource Energy Corp.	2,800		54,180
Wisconsin Energy Corp.	16,500		364,980
WPS Resources Corp.	800		28,240
			9,416,843
Gas Utilities - 0.5%
AGL Resources, Inc.	12,200		263,886
Atmos Energy Corp.	1,000		23,300
Cascade Natural Gas Corp.	100		1,915
Energen Corp.	900		25,173
Laclede Gas Co.	500		11,925
MCN Energy Group, Inc.	18,900		447,363
Midcoast Energy Resources, Inc.	1,300		31,525
National Fuel Gas Co.	7,800		404,040
New Jersey Resources Corp.	900		34,434
Northwest Natural Gas Co.	5,000		122,250
NUI Corp.	100		2,755
Piedmont Natural Gas Co., Inc.	9,000		288,630
SEMCO Energy, Inc.	105		1,510
South Jersey Industries, Inc.	300		9,600
Southern Union Co.	2,508		54,549
Southwest Gas Corp.	3,100		64,790
Southwestern Energy Co.	800		8,320
UGI Corp.	2,600		63,622
WGL Holdings, Inc.	11,800		323,084
			2,182,671
Multi-Utilities - 0.6%
Avista Corp.	4,700		74,025
MDU Resources Group, Inc.	13,550		383,465
NewPower Holdings, Inc.	16,600		103,750
Common Stocks - continued
	Shares		Value (Note 1)
UTILITIES - continued
Multi-Utilities - continued
Northwestern Corp.	800		$ 19,360
Questar Corp.	16,500		452,100
SCANA Corp.	19,535		531,547
Sierra Pacific Resources	11,754		162,910
Utilicorp United, Inc.	17,150		508,498
Vectren Corp.	2,732		62,126
Western Resources, Inc.	9,400		232,556
			2,530,337
Water Utilities - 0.3%
American States Water Co.	5,600		171,360
American Water Works, Inc.	18,800		521,324
Azurix Corp. (a)	27,100		226,556
Philadelphia Suburban Corp.	5,595		128,685
Southwest Water Co.	9,125		118,625
			1,166,550
TOTAL UTILITIES			15,296,401
TOTAL COMMON STOCKS (Cost $556,848,494)		426,408,172
Preferred Stocks - 0.0%

Convertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Criimi Mae, Inc. Series G, $1.50	135		1,261
Kimco Realty Corp. Series D, $1.875	108		2,787
Prime Retail, Inc. Series B, $2.125 (a)	60		273
			4,321
Nonconvertible Preferred Stocks - 0.0%
CONSUMER DISCRETIONARY - 0.0%
Media - 0.0%
Mediq, Inc. Series A, $1.30 (a)	7		0
TOTAL PREFERRED STOCKS (Cost $5,105)		4,321

Corporate Bonds - 0.0%
Moody's Ratings (unaudited)		Principal Amount		Value (Note 1)
Convertible Bonds - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Excel Legacy Corp. 9% 11/4/04	-	$ 2,000		1,690
Nonconvertible Bonds - 0.0%
FINANCIALS - 0.0%
Real Estate - 0.0%
Excel Legacy Corp. 10% 11/4/04	-	1,000		$ 855
TOTAL CORPORATE BONDS (Cost $2,646)			2,545
U.S. Treasury Obligations - 1.7%

U.S. Treasury Bills, yield at date of purchase 4.76% to 5.29% 3/1/01 to 5/10/01 (c) (Cost $7,317,753)		7,345,000		7,319,523

Cash Equivalents - 13.4%
	Shares
Bankers Trust Institutional Daily Assets Fund, 5.67% (b) (Cost $58,657,767)	58,657,767	58,657,767

TOTAL INVESTMENT PORTFOLIO - 112.6%

(Cost $622,831,765)

492,392,328

NET OTHER ASSETS - (12.6)%

(55,181,544)

NET ASSETS - 100%

$ 437,210,784

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Gain/(Loss)
Purchased
12 Nasdaq 100 Index Contracts	March 2001	$ 2,295,600	$ (295,923)
30 Russell 2000 Index Contracts	March 2001	7,128,000	(46,148)
10 S&P 400 Midcap Index Contracts	March 2001	2,490,500	(22,685)
		$ 11,914,100	$ (364,756)

The face value of futures purchased as a percentage of net assets - 2.7%

Legend

(a) Non-income producing

(b) The rate quoted is the annualized daily yield of the fund at period end.

(c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $1,111,132.

Other Information

Purchases and sales of securities, other than short-term securities, aggregated $383,623,901 and $214,534,209, respectively.

The market value of futures contracts opened and closed during the period amounted to $386,995,387 and $379,245,675, respectively.

The fund participated in the security lending program during the period. At period end the fund received as collateral U.S. Treasury obligations valued at $633,980.

Income Tax Information

At February 28, 2001, the aggregate cost of investment securities for income tax purposes was $629,338,803. Net unrealized depreciation aggregated $136,946,475, of which $74,537,171 related to appreciated investment securities and $211,483,646 related to depreciated investment securities.

The fund hereby designates approximately $10,584,000 as a capital gain dividend for the purpose of the dividend paid deduction.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan Extended Market Index Fund

Financial Statements

Statement of Assets and Liabilities

	February 28, 2001
Assets
Investment in securities, at value (including securities loaned of $54,605,725) (cost $622,831,765) - See accompanying schedule		$ 492,392,328
Cash		1,148
Receivable for investments sold		4,593,660
Receivable for fund shares sold		1,172,206
Dividends receivable		235,910
Redemption fees receivable		131
Other receivables		58,821
Total assets		498,454,204
Liabilities
Payable for investments purchased	$ 1,526,846
Payable for fund shares redeemed	785,814
Accrued management fee	6,007
Payable for daily variation on futures contracts	130,892
Other payables and accrued expenses	136,094
Collateral on securities loaned, at value	58,657,767
Total liabilities		61,243,420
Net Assets		$ 437,210,784
Net Assets consist of:
Paid in capital		$ 564,086,965
Undistributed net investment income		1,161,153
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		2,766,859
Net unrealized appreciation (depreciation) on investments		(130,804,193)
Net Assets, for 17,651,099 shares outstanding		$ 437,210,784
Net Asset Value, offering price and redemption price per share ($437,210,784 ÷ 17,651,099 shares)		$24.77

Statement of Operations

	Year ended February 28, 2001
Investment Income Dividends		$ 4,348,573
Interest		604,654
Security lending		588,377
Total income		5,541,604
Expenses
Management fee and sub-advisory fees	$ 1,184,568
Transfer agent fees	667,543
Accounting and security lending fees	183,449
Non-interested trustees' compensation	1,676
Registration fees	110,107
Audit	27,968
Legal	1,623
Miscellaneous	3,978
Total expenses before reductions	2,180,912
Expense reductions	(971,637)	1,209,275
Net investment income		4,332,329
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities	29,114,398
Foreign currency transactions	891
Futures contracts	(6,419,114)	22,696,175
Change in net unrealized appreciation (depreciation) on:
Investment securities	(214,848,982)
Futures contracts	(964,323)	(215,813,305)
Net gain (loss)		(193,117,130)
Net increase (decrease) in net assets resulting from operations		$ (188,784,801)
Other Information Expense reductions FMR Reimbursement		$ 946,059
Custodian credits		10,897
Transfer agent credits		14,681
		$ 971,637

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan Extended Market Index Fund
Financial Statements - continued

Statement of Changes in Net Assets

Increase (Decrease) in Net Assets	Year ended February 28, 2001	Year ended February 29, 2000
Operations Net investment income	$ 4,332,329	$ 1,972,267
Net realized gain (loss)	22,696,175	10,426,981
Change in net unrealized appreciation (depreciation)	(215,813,305)	87,157,186
Net increase (decrease) in net assets resulting from operations	(188,784,801)	99,556,434
Distributions to shareholders From net investment income	(3,540,957)	(1,479,202)
From net realized gain	(27,401,141)	(4,334,759)
Total distributions	(30,942,098)	(5,813,961)
Share transactions Net proceeds from sales of shares	377,181,582	351,204,809
Reinvestment of distributions	29,506,940	5,500,037
Cost of shares redeemed	(208,860,641)	(54,328,544)
Net increase (decrease) in net assets resulting from share transactions	197,827,881	302,376,302
Trading fees	328,186	188,143
Total increase (decrease) in net assets	(21,570,832)	396,306,918
Net Assets
Beginning of period	458,781,616	62,474,698
End of period (including undistributed net investment income of $1,161,153 and $615,835, respectively)	$ 437,210,784	$ 458,781,616
Other Information Shares
Sold	11,534,978	11,106,135
Issued in reinvestment of distributions	1,044,349	186,148
Redeemed	(6,844,579)	(1,809,769)
Net increase (decrease)	5,734,748	9,482,514

Financial Highlights

Years ended February 28,	2001	2000^H	1999	1998^E
Selected Per-Share Data
Net asset value, beginning of period	$ 38.50	$ 25.67	$ 26.77	$ 25.00
Income from Investment Operations
Net investment income^D	.27	.37	.32	.11
Net realized and unrealized gain (loss)	(12.10)	13.78	(.92)	1.43
Total from investment operations	(11.83)	14.15	(.60)	1.54
Less Distributions
From net investment income	(.21)	(.24)	(.22)	(.07)
From net realized gain	(1.71)	(1.12)	(.52)	-
Total distributions	(1.92)	(1.36)	(.74)	(.07)
Trading fees added to paid in capital	.02	.04	.24	.30
Net asset value, end of period	$ 24.77	$ 38.50	$ 25.67	$ 26.77
Total Return^{B, C}	(31.29)%	57.35%	(1.33)%	7.39%
Ratios and Supplemental Data
Net assets, end of period (000 omitted)	$ 437,211	$ 458,782	$ 62,475	$ 35,255
Ratio of expenses to average net assets	.25%^F	.27%^F	.31%^F	.26%^{A, F}
Ratio of expenses to average net assets after expense reductions	.24%^G	.27%	.31%	.26%^A
Ratio of net investment income to average net assets	.88%	1.24%	1.25%	1.44%^A
Portfolio turnover rate	45%	33%	29%	40%^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C The total returns would have been lower had certain expenses not been reduced during the periods shown.

^D Net investment income per share has been calculated based on average shares outstanding during the period.

^E For the period November 5, 1997 (commencement of operations) to February 28, 1998.

^F FMR agreed to reimburse a portion of the fund's expenses during the period. Without this reimbursement, the fund's expense ratio would have been higher.

^G FMR or the fund has entered into varying arrangements with third parties who either paid or reduced a portion of the fund's expenses.

^H For the year ended February 29

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan International Index Fund

Performance: The Bottom Line

There are several ways to evaluate a fund's historical performance. You can look at the total percentage change in value, the average annual percentage change or the growth of a hypothetical $10,000 investment. Total return reflects the change in the value of an investment, assuming reinvestment of the fund's dividend income and capital gains (the profits earned upon the sale of securities that have grown in value). If Fidelity had not reimbursed certain fund expenses, the total returns would have been lower.

Cumulative Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan International Index	-18.04%	23.03%
MSCI EAFE®	-17.24%	20.33%
International Funds Average	-21.17%	n/a*

Cumulative total returns show the fund's performance in percentage terms over a set period - in this case, one year or since the fund started on November 5, 1997. For example, if you had invested $1,000 in a fund that had a 5% return over the past year, the value of your investment would be $1,050. You can compare the fund's returns to the performance of the Morgan Stanley Capital International Europe, Australasia, Far East (MSCI EAFE ®) Index - a market capitalization-weighted index that is designed to represent the performance of developed stock markets outside the United States and Canada. As of February 28, 2001, the index included over 910 equity securities of companies domiciled in 20 countries. To measure how the fund's performance stacked up against its peers, you can compare it to the international funds average, which reflects the performance of mutual funds with similar objectives tracked by Lipper Inc. The past one year average represents a peer group of 700 mutual funds. These benchmarks include reinvested dividends and capital gains, if any, and exclude the effect of sales charges.

Average Annual Total Returns

Periods ended February 28, 2001	Past 1 year	Life of fund
Spartan International Index	-18.04%	6.45%
MSCI EAFE	-17.24%	5.74%
International Funds Average	-21.17%	n/a*

Average annual total returns take the fund's cumulative return and show you what would have happened if the fund had performed at a constant rate each year.

* Not available

$10,000 Over Life of Fund

$10,000 Over Life of Fund: Let's say hypothetically that $10,000 was invested in Spartan International Index Fund on November 5, 1997, when the fund started. As the chart shows, by February 28, 2001, the value of the investment would have been $12,303 - a 23.03% increase on the initial investment. For comparison, look at how the MSCI EAFE Index did over the same period. With dividends and capital gains, if any, reinvested, the same $10,000 investment would have grown to $12,033 - a 20.33% increase.

Understanding Performance

Annual Report

Spartan International Index Fund

Fund Talk: The Manager's Overview

(Portfolio Manager photograph)

An interview with James Creighton, who oversees the Spartan International Index Fund's investment management personnel as Managing Director for Bankers Trust, sub-adviser of the fund *

Q. How did the fund perform, Jim?

A. For the 12 months that ended February 28, 2001, the fund returned -18.04%. In comparison, the Morgan Stanley Capital International Europe, Australasia, Far East (MSCI EAFE^®) Index returned -17.24%, while the international funds average tracked by Lipper Inc. returned -21.17%.

Q. How would you characterize the overall environment for foreign equity markets during the past 12 months?

A. Foreign markets were hit hard by many of the same issues the U.S. market faced during the period, including the precipitous fall-off in technology, media and telecommunications (TMT) stocks and a widespread erosion in corporate earnings. In Europe, these troubles were exacerbated by the continued weakness of the euro and peaking oil prices. As a result, European investors - much like their U.S. brethren - searched long and hard for stable earnings growth, and gravitated to less-volatile areas such as health and finance. One bright spot for Europe was that its economy didn't grind to a halt as suddenly as the U.S. economy did. In Japan, meanwhile, the situation was much more dire. Japan's leading stock market index - the Nikkei - was hovering near record-low levels throughout the period, its economy was on the verge of a recession and its political situation was very much up in the air. To make matters worse, fewer overseas orders for Japan's major export businesses - consumer electronics and autos - fell off dramatically.

Q. You mentioned the TMT group. Which sectors within the TMT sector were hit the hardest?

A. If you look at a list of the weakest-performing stocks during the period, it reads like a who's who of the world's biggest telecommunications names: Deutsche Telekom, France Telecom, Vodafone, Nippon Telegraph & Telephone, British Telecom. These companies continued to suffer from increased competition, as well as from intense government scrutiny regarding consolidation efforts. We also continued to see a pattern of slowing growth in the wireless area, with leading names such as Nokia and Ericsson detracting substantially from performance. Other disappointments included Japanese stocks Softbank and Sony. Softbank - which specializes in venture capital funding for Internet start-ups - fell hard as dot-com stocks around the globe crashed, while Sony was a victim of waning consumer confidence and thus a diminished appetite for consumer electronics.

Q. What factors helped performance?

A. Finance stocks performed quite well during the period, as investors gradually adopted a more cautious investing approach. In fact, five of the fund's 10-best performing stocks fell into the finance category, including the Royal Bank of Scotland and Swiss banking concerns such as UBS and Zurich Financial Services. In addition to benefiting from the sentiment shift, finance stocks also gained favor as interest rates started to trickle down. Health stocks - particularly those in the pharmaceuticals area - performed well during the period. This group tends to be less sensitive to economic swings, because people still get sick, still need to go to hospitals and still need their medicine. Switzerland-based Novartis was a strong performer during the period, as were AstraZeneca and Aventis, which are based in the United Kingdom and France, respectively. In addition to being one of the few sectors that offered stable earnings growth during the period, these stocks also gained favor due to their impressive product pipelines.

Q. What's your outlook?

A. It's fairly similar to the story from six months ago - everyone in the world will be watching to see how, when and if the U.S. market and its economy can bounce back. In January, the U.S. Federal Reserve Board cut interest rates twice - including a surprise between-meetings cut - but these gestures failed to stem the tide of disappointing corporate earnings announcements. Europe certainly isn't immune to U.S. economic problems, but it is less susceptible than bordering countries such as Canada and Mexico. Only a small fraction of European gross domestic product - around 2.5% - comes from direct trade with the U.S. Japan, on the other hand, is more vulnerable to the U.S.' weakness. Japan's policymakers need to take the appropriate steps to avert a full-blown economic crisis.

Fund Facts

Goal: seeks to provide investment results that correspond to the total return of foreign stock markets

Fund number: 399

Trading symbol: FSIIX

Start date: November 5, 1997

Size: as of February 28, 2001, more than $million

Sub-adviser: Bankers Trust, since inception

Annual Report

Spartan International Index Fund

Investment Changes

Top Ten Stocks as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
BP Amoco PLC (United Kingdom, Oil & Gas)	2.1	2.0
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services)	1.9	2.5
Glaxo Wellcome PLC (United Kingdom, Pharmaceuticals)	1.9	0.0
Royal Dutch Petroleum Co. (Hague Registry) (Netherlands, Oil & Gas)	1.5	1.4
Novartis AG (Reg.) (Switzerland, Pharmaceuticals)	1.5	1.2
Toyota Motor Corp. (Japan, Automobiles)	1.4	1.6
HSBC Holdings PLC (United Kingdom) (Reg.) (United Kingdom, Banks)	1.4	1.3
Nokia AB (Finland, Communications Equipment)	1.3	2.3
TotalFinaElf SA Class B (France, Oil & Gas)	1.1	1.1
Nestle SA (Reg.) (Switzerland, Food Products)	1.1	0.9
	15.2
Market Sectors as of February 28, 2001
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	25.1	22.5
Consumer Discretionary	12.6	13.2
Industrials	8.8	8.2
Health Care	9.1	8.2
Telecommunication Services	8.8	11.1
Information Technology	7.7	13.0
Consumer Staples	6.4	5.5
Energy	5.9	5.4
Materials	4.3	3.5
Utilities	3.8	3.4

Geographic Diversification (% of fund's net assets)
As of February 28, 2001
	Japan	23.0%
	United Kingdom	21.3%
	France	11.0%
	Germany	9.1%
	Switzerland	7.1%
	Netherlands	6.0%
	Italy	4.8%
	Spain	3.3%
	Australia	2.9%
	Other	11.5%

Percentages are adjusted for the effect of futures contracts, if applicable.


As of August 31, 2000
	Japan	26.1%
	United Kingdom	20.5%
	France	10.8%
	Germany	8.5%
	Netherlands	5.9%
	Switzerland	5.9%
	Italy	4.2%
	Sweden	3.4%
	Spain	2.9%
	Other	11.8%

Percentages are adjusted for the effect of futures contracts, if applicable.

Annual Report

Spartan International Index Fund

Investments February 28, 2001

Showing Percentage of Net Assets

Common Stocks - 91.9%
	Shares		Value (Note 1)
Australia - 2.4%
Amcor Ltd.	27,375		$ 83,864
AMP Ltd.	40,804		426,006
Aristocrat Leisure Ltd.	16,796		56,612
Australian Gas Light Co.	14,137		87,928
BHP Ltd.	66,569		737,983
Boral Ltd.	14,665		17,447
Brambles Industries Ltd.	8,626		203,108
British American Tobacco Australasia Ltd.	1,051		9,908
Coca-Cola Amatil Ltd.	46,829		127,752
Cochlear Ltd.	2,339		49,032
Coles Myer Ltd.	45,871		155,336
Commonwealth Bank of Australia	47,272		751,604
Computershare Ltd.	22,625		84,993
CSL Ltd.	6,175		118,375
CSR Ltd.	43,414		114,549
ERG Ltd.	23,748		24,263
Fosters Brewing Group Ltd.	77,490		196,133
Futuris Corp. Ltd.	31,748		34,276
General Property Trust	73,551		105,051
Goodman Fielder Ltd.	21,746		15,575
Howard Smith Ltd.	4,155		19,195
James Hardie Industries Ltd.	9,374		18,814
Leighton Holdings Ltd.	6,930		25,478
Lend Lease Corp. Ltd.	19,742		155,437
M.I.M. Holdings Ltd.	44,946		27,221
Mirvac Group	30,018		55,932
Mirvac Group warrants 6/29/01 (a)	3,001		0
National Australia Bank Ltd.	56,707		898,630
Newcrest Mining Ltd.	7,472		15,284
News Corp. Ltd.	76,565		699,613
Normandy Mining Ltd.	88,881		44,469
OneSteel Ltd. (a)	16,642		7,537
Orica Ltd.	7,959		20,359
Pacific Dunlop Ltd.	10,198		6,660
Paperlinx Ltd.	4,478		8,608
QBE Insurance Group Ltd.	17,891		94,298
Rio Tinto Ltd.	12,302		214,579
Santos Ltd.	24,009		82,188
Southcorp Ltd.	28,591		97,602
Stockland Trust Group	15,739		33,081
Stockland Trust Group	568		1,195
Suncorp-Metway Ltd.	13,689		84,709
Tabcorp Holdings Ltd.	14,725		75,378
Telstra Corp. Ltd.	290,901		961,809
Transurban Group (a)	18,306		40,299
Wesfarmers Ltd.	12,297		121,047
Westfield Trust Unit	76,043		130,274
Westpac Banking Corp.	71,256		527,254
WMC Ltd.	44,351		186,346
Woolworths Ltd.	41,732		186,155
TOTAL AUSTRALIA			8,239,246

	Shares		Value (Note 1)
Austria - 0.2%
Austria Tabak AG	1,010		$ 64,545
Austrian Airlines/Osterreichische Luftverkehrs AG	950		13,695
Boehler-Uddeholm AG	50		1,893
BWT AG	500		18,101
Erste Bank der oesterreichischen Sparkassen AG	1,260		65,162
Flughafen Wien AG	1,170		43,220
Generali Holding Vienna AG	330		63,084
Mayr Melnhof Karton AG	400		19,405
Oesterreichische Elektrizitaetswirtschafts AG (verbund)	1,380		159,431
OMV AG	1,240		100,864
RHI AG	250		5,299
Telekom Austria AG	9,176		52,624
VA Technologie AG	690		23,609
Wienerberger Baustoffind AG	2,750		60,951
TOTAL AUSTRIA			691,883
Belgium - 1.0%
Agfa-Gevaert NV	5,753		125,809
Barco NV	359		25,959
BarcoNet NV	718		5,610
Bekaert SA	682		30,232
Colruyt NV	1,698		75,222
Compagnie Maritime Belge SA (CMB)	187		13,341
D'ieteren SA	188		40,679
Delhaize Freres & Compagnie Le Lion	1,926		107,609
Electrabel SA	2,271		515,928
Fortis B	30,224		876,991
Fortis B (strip VVRP) (a)	1,764		16
Glaverbel SA	149		12,873
Groupe Bruxelles Lambert SA	1,037		298,314
Interbrew SA (a)	7,038		197,003
KBC Bancassurance Holding NV	12,410		565,124
Solvay SA	3,598		194,049
UCB SA	6,224		230,374
Union Miniere SA	638		25,983
TOTAL BELGIUM			3,341,116
Denmark - 1.0%
Bang & Olufsen Holding AS	349		14,251
Carlsberg AS:
Class A	1,400		60,806
Class B	1,000		44,546
D/S 1912 Series B	45		451,590
D/S Svenborg Series B	31		434,229
Danisco AS	2,700		108,916
Danske Bank AS	32,328		566,038
Fls Industries	759		10,801
Group 4 Falck AS	916		123,547
ISS AS (a)	1,836		120,863
Navisiondamgaard AS (a)	811		22,078
Common Stocks - continued
	Shares		Value (Note 1)
Denmark - continued
NKT Holding AS	300		$ 66,448
Novo-Nordisk AS Series B	3,199		631,372
Novozymes AS (B Shares) (a)	3,535		78,298
Tele Danmark AS Series B	9,039		303,110
Topdanmark AS (a)	1,036		26,024
Vestas Wind Systems AS	4,440		218,114
William Demant Holding AS	3,054		147,382
TOTAL DENMARK			3,428,413
Finland - 1.7%
Amer Group PLC (A Shares)	700		16,484
Fortum Oyj	12,800		52,603
Hartwall Oyj Abp (A Shares)	3,000		44,328
Instrumentarium Oyj (a)	819		23,069
Kemira Oyj	3,100		17,750
Kesko Oyj (a)	3,900		41,059
Kone Corp.	900		61,879
Metso Oyj	6,200		67,850
Nokia AB	196,600		4,325,199
Orion-Yhtyma Oyj:
(A Shares)	1,900		41,761
(B Shares)	1,200		26,154
Outokumpu Oyj (A Shares)	5,200		49,223
Pohjola Group Insurance Corp.:
(A Shares)	700		28,121
(B Shares)	1,100		43,682
Raisio Group PLC	2,900		5,410
Rautaruukki Oyj (K Shares)	4,100		16,660
Sampo-Leonia Insurance Co. Ltd. (A Shares)	2,700		143,373
Sonera Corp.	31,600		344,063
Stockmann Oyj (A Shares)	300		3,325
Stonesoft Oyj (a)	3,000		15,792
TietoEnator Oyj	3,700		97,383
UPM-Kymmene Corp.	10,800		329,135
Uponor Oyj	700		11,442
Wartsila Oyj (B Shares)	2,100		46,932
TOTAL FINLAND			5,852,677
France - 9.8%
Accor SA	7,987		314,881
Alcatel SA (RFD)	45,679		1,768,691
Aventis SA (France)	29,319		2,367,802
AXA SA de CV	15,637		1,981,274
BIC Ste	1,544		65,876
BNP Paribas SA	16,807		1,378,288
Bouygues SA	12,549		491,258
Cap Gemini SA	4,749		835,038
Carrefour SA	26,427		1,548,518
Casino Guichard Perrachon et Compagnie	3,537		362,573

	Shares		Value (Note 1)
Casino Guichard Perrachon et Compagnie:
Class A warrants 12/15/03 (a)	252		$ 1,745
Class B warrants 12/15/05 (a)	252		1,827
Club Mediterranee SA	520		50,663
Coflexip SA	567		85,298
Compagnie de St. Gobain	3,200		490,563
Dassault Systemes SA	4,263		220,662
Eridania Beghin Say Group	689		66,683
Essilor International SA	355		109,172
France Telecom SA	38,514		2,301,229
Gecina SA	868		83,366
Groupe Danone	5,838		810,326
Imerys	591		66,259
L'Air Liquide	3,490		479,262
L'Oreal SA	25,359		1,908,651
Lafarge SA	4,884		478,100
Lagardere S.C.A. (Reg.)	5,128		301,191
Louis Vuitton Moet Hennessy (LVMH)	18,561		1,144,167
Michelin SA (Compagnie Generale des Etablissements) Series B	5,226		200,288
Pechiney SA Series A	3,167		157,935
Pernod-Ricard	1,910		132,291
Peugeot Citroen SA	1,704		463,753
Pinault Printemps-Redoute SA	4,534		917,404
Publicis Groupe SA	4,795		159,857
Sagem SA	1,529		160,266
Sanofi-Synthelabo SA	27,698		1,509,167
Schneider Electric SA	5,934		389,083
SEB SA	324		18,372
Sidel SA	1,334		48,169
Simco SA (Reg.)	739		52,823
Societe Eurafrance SA	1,590		118,938
Societe Generale Class A	16,133		990,027
Sodexho Alliance SA	1,124		214,869
Suez Lyonnaise des Eaux:
(Belgium)	998		164,976
(France)	6,564		1,091,134
Technip SA	538		76,862
Thales SA (ex Thomson-CSF)	6,843		275,594
TotalFinaElf SA:
(strip VVPR)	774		7
Class B	27,885		3,932,343
Unibail	596		104,577
Usinor	7,871		111,214
Valeo SA	3,003		160,850
Vinci SA	2,713		164,107
Vivendi Universal SA	40,068		2,538,392
Zodiac SA	68		17,835
TOTAL FRANCE			33,884,496
Germany - 7.9%
Adidas-Salomon AG	1,550		97,337
Allianz AG (Reg.)	9,123		3,033,959
Common Stocks - continued
	Shares		Value (Note 1)
Germany - continued
BASF AG	23,600		$ 1,066,846
Bayer AG	27,300		1,338,733
Bayerische Hypo-und Vereinsbank AG	20,214		1,245,318
Beiersdorf AG	3,400		392,487
Bilfinger & Berger Bau AG	800		13,742
Buderus AG	3,250		72,483
Continental Gummi-Werke AG	5,300		91,773
DaimlerChrysler AG (Reg.)	37,692		1,847,662
Deutsche Bank AG	22,911		1,898,112
Deutsche Lufthansa AG (Reg.)	15,050		319,670
Deutsche Telekom AG	113,406		2,770,120
Douglas Holding AG	1,100		39,923
Dresdner Bank AG	19,900		827,913
E.On AG	28,080		1,448,814
EM.TV & Merchandising AG	4,800		30,852
Epcos AG	2,450		158,222
Fresenius Medical Care AG	3,500		284,115
Gehe AG	1,700		61,228
Heidelberger Zement AG:
(strip VVRP) (a)	230		2
(Brussels)	230		13,594
(Frankfurt)	2,215		136,541
Hochtief AG	2,550		65,938
Kamps AG	3,000		29,921
Karstadt Quelle AG	4,700		164,503
Linde AG	4,933		236,893
MAN AG	4,400		131,410
Merck Kgaa	7,050		323,581
Metro AG	12,080		582,337
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	6,582		2,142,967
Preussag AG	6,793		259,779
RWE AG (a)	20,200		772,678
SAP AG	6,900		1,066,762
Schering AG (a)	8,050		414,084
SGL Carbon AG (a)	650		39,918
Siemens AG	22,200		2,569,888
Thyssen Krupp AG	20,300		372,691
Volkswagen AG	11,650		643,913
WCM Beteiligungs-und Grundbesitz AG	7,250		125,873
TOTAL GERMANY			27,132,582
Hong Kong - 1.8%
ASM Pacific Technology Ltd.	13,000		26,417
Bank of East Asia Ltd.	44,147		109,236
Cathay Pacific Airways Ltd.	107,000		159,815
CLP Holdings Ltd.	70,500		369,675
Esprit Holdings Ltd.	22,326		25,761
Giordano International Ltd.	48,662		28,698
Hang Lung Development Co. Ltd.	21,000		22,750
Hang Seng Bank Ltd.	63,500		755,085
Henderson Land Development Co. Ltd.	47,000		287,425

	Shares		Value (Note 1)
Hong Kong & China Gas Co. Ltd.	165,630		$ 248,447
Hong Kong & Shanghai Hotels Ltd.	18,000		11,539
Hopewell Holdings Ltd.	2,200		1,163
Hutchison Whampoa Ltd.	140,200		1,662,639
Hysan Development Ltd.	35,411		64,921
Johnson Electric Holdings Ltd.	124,000		207,463
Li & Fung Ltd.	88,000		160,206
New World Development Co. Ltd.	67,412		113,650
Pacific Century Cyberworks Ltd. (a)	484,162		276,222
QPL International Holdings Ltd. (a)	8,000		4,410
QPL International Holdings Ltd. warrants 1/28/04 (a)	1,600		263
Shangri-La Asia Ltd.	72,000		71,077
Sino Land Co.	127,154		77,434
South China Morning Post (Holdings) Ltd.	58,000		41,641
Sun Hung Kai Properties Ltd.	80,215		894,712
Swire Pacific Ltd. (A Shares)	52,000		356,669
Television Broadcasts Ltd.	15,000		90,193
Varitronix International Ltd.	5,000		5,096
Wharf Holdings Ltd.	73,228		211,705
TOTAL HONG KONG			6,284,312
Ireland - 0.7%
Allied Irish Banks PLC	38,662		420,597
CRH PLC	18,386		347,230
DCC PLC (Ireland)	2,175		23,802
eircom PLC	102,503		225,294
Elan Corp. PLC	13,223		726,581
Greencore Group PLC	2,355		6,568
Independent News & Media PLC (Ireland)	16,952		45,557
Iona Technologies PLC (a)	530		26,431
Irish Life & Permanent PLC	12,859		157,823
Jefferson Smurfit Group PLC	46,861		85,687
Jurys Doyle Hotel Group PLC (Ireland)	701		7,153
Kerry Group PLC Class A	6,841		84,657
Ryanair Holdings PLC (a)	15,430		173,560
Waterford Wedgwood PLC unit	17,801		22,357
TOTAL IRELAND			2,353,297
Italy - 4.3%
Alitalia Linee Aeree Ital Class A	64,720		113,501
Assicurazioni Generali Spa	49,386		1,730,823
Autogrill Spa	10,607		119,271
Autostrade Spa	47,000		305,915
Banca di Roma Spa	222,758		239,249
Banca Intesa Spa	199,953		848,312
Banca Popolare di Milano	9,382		48,095
Benetton Group Spa (a)	79,189		141,801
Bipop-Carire Spa	66,250		385,323
Bulgari Spa	12,058		131,144
Cementir Spa	7,847		11,732
Enel Spa	287,916		996,557
ENI Spa	313,527		2,038,377
Common Stocks - continued
	Shares		Value (Note 1)
Italy - continued
Fiat Spa	14,990		$ 379,998
Gruppo Editoriale L'espresso Spa (a)	11,600		78,181
Italcementi Spa	8,435		75,482
Italgas Spa	12,728		136,691
La Rinascente Spa	11,850		60,517
Mediaset Spa	46,903		485,863
Mediobanca Spa	24,746		274,281
Mondadori Spa	9,562		86,910
Parmalat Finanziaria Spa	58,195		92,223
Pirelli Spa	79,970		291,421
Riunione Adriatica di Sicurta Spa (RAS)	29,600		403,501
San Paolo IMI Spa	55,591		853,242
Snia Spa	16,588		34,299
Societa Assicuratrice Industriale (SAI)	903		15,632
Telecom Italia Mobile Spa	318,831		2,117,321
Telecom Italia Spa	144,701		1,509,231
Tiscali Spa (a)	2,710		38,386
Unicredito Italiano Spa	198,790		971,519
TOTAL ITALY			15,014,798
Japan - 20.8%
77 Bank Ltd. (a)	15,000		76,835
Acom Co. Ltd.	5,500		411,574
Advantest Corp.	3,700		424,146
Ajinomoto Co., Inc.	26,000		301,815
Alps Electric Co. Ltd.	7,000		71,593
Amada Co. Ltd.	13,000		74,567
Amano Corp.	2,000		15,000
Aoyama Trading Co. Ltd.	3,100		31,943
Asahi Bank Ltd.	111,000		345,308
Asahi Breweries Ltd.	20,000		194,324
Asahi Chemical Industry Co. Ltd.	54,000		251,291
Asahi Glass Co. Ltd.	46,000		317,174
Asatsu-DK, Inc.	2,000		49,263
Autobacs Seven Co. Ltd.	2,000		41,933
Bank of Fukuoka Ltd.	25,000		111,651
Bank of Tokyo-Mitsubishi Ltd.	176,000		1,774,080
Bank of Yokohama Ltd.	44,000		160,880
Benesse Corp.	4,300		168,218
Bridgestone Corp. (a)	32,000		293,463
Canon, Inc.	33,000		1,081,410
Casio Computer Co. Ltd.	10,000		68,013
Central Japan Railway Co.	85		505,668
Chugai Pharmaceutical Co. Ltd.	10,000		143,612
Chuo Mitsui Trust & Banking Co. Ltd.	33,000		84,096
Citizen Watch Co. Ltd.	12,000		93,480
Cosmo Oil Co. Ltd.	14,000		25,893
Credit Saison Co. Ltd.	6,300		131,015
CSK Corp.	2,900		59,567
Dai Ei, Inc. (a)	27,000		42,572
Dai Nippon Printing Co. Ltd.	30,000		374,840
Daicel Chemical Industries Ltd.	17,000		50,857

	Shares		Value (Note 1)
Daifuku Co. Ltd.	5,000		$ 26,975
Daiichi Pharmaceutical Co. Ltd.	10,000		228,842
Daikin Industries Ltd.	10,000		185,375
Dainippon Ink & Chemicals, Inc.	30,000		82,588
Daito Trust Construction Co.	6,000		109,179
Daiwa Bank Ltd.	83,000		124,504
Daiwa House Industry Co. Ltd.	20,000		131,254
Daiwa Securities Group, Inc.	50,000		456,405
Denki Kagaku Kogyo Kabushiki Kaisha	19,000		70,766
Denso Corp.	35,000		633,896
East Japan Railway Co.	150		842,496
Ebara Corp. (a)	12,000		121,913
Eisai Co. Ltd.	11,000		280,320
Fanuc Ltd.	9,100		505,685
Fuji Machine Manufacturing Co. Ltd.	2,000		52,842
Fuji Photo Film Co. Ltd.	19,000		688,230
Fuji Soft ABC, Inc.	1,300		64,374
Fuji Television Network, Inc.	15		102,276
Fujikura Ltd.	15,000		97,673
Fujitsu Ltd.	74,000		1,013,534
Furukawa Electric Co. Ltd.	25,000		330,265
Gunma Bank Ltd.	15,000		66,607
Hankyu Department Stores, Inc.	7,000		29,353
Hirose Electric Co. Ltd.	1,600		124,094
Hitachi Ltd.	126,000		1,105,650
Hitachi Zosen Corp. (a)	44,000		36,001
Honda Motor Co. Ltd. (a)	36,000		1,422,000
House Foods Corp.	5,000		59,874
Hoya Corp.	4,400		303,759
Inax Corp.	8,000		39,887
Isetan Co. Ltd.	9,000		96,650
Ishikawajima-Harima Heavy Industries Co. Ltd. (a)	53,000		130,998
Ito-Yokado Co. Ltd. (a)	16,000		834,569
Itochu Corp.	57,000		248,249
Japan Airlines Co. Ltd.	67,000		286,662
Japan Energy Corp. (a)	35,000		58,169
Japan Tobacco, Inc.	78		549,783
JGC Corp.	6,000		41,013
Joyo Bank Ltd.	34,000		118,231
Jusco Co. Ltd.	13,000		305,804
Kadokawa Shoten Publishing Co. Ltd.	600		16,006
Kajima Corp.	37,000		99,335
Kaneka Corp.	15,000		120,046
Kansai Electric Power Co., Inc.	36,700		609,633
Kao Corp.	23,000		574,363
Katokichi Co. Ltd.	2,000		50,967
Kawasaki Heavy Industries Ltd. (a)	50,000		59,235
Kawasaki Kisen Kaisha Ltd.	11,000		18,001
Kawasaki Steel Corp.	129,000		144,030
Keihin Electric Express Railway Co. Ltd.	18,000		75,940
Kikkoman Corp.	8,000		56,252
Kinden Corp.	11,000		54,377
Kinki Nippon Railway Co. Ltd.	65,000		247,635
Common Stocks - continued
	Shares		Value (Note 1)
Japan - continued
Kirin Brewery Co. Ltd.	39,000		$ 377,602
Kokuyo Co. Ltd.	5,000		63,581
Komatsu Ltd.	37,000		172,496
Komori Corp.	3,000		42,700
Konami Corp.	4,500		189,849
Konica Corp. (a)	14,000		82,690
Koyo Seiko Co. Ltd.	7,000		38,839
Kubota Corp.	57,000		158,374
Kuraray Co. Ltd.	15,000		111,608
Kurita Water Industries Ltd.	6,000		72,616
Kyocera Corp.	7,200		651,240
Kyowa Exeo Corp.	4,000		34,774
Kyowa Hakko Kogyo Co. Ltd.	15,000		103,043
Makino Milling Machine Co. Ltd.	4,000		21,819
Makita Corp. (a)	1,000		6,256
Marubeni Corp. (a)	54,000		107,236
Marui Co. Ltd.	15,000		212,861
Matsushita Electric Industrial Co. Ltd.	78,000		1,456,260
Meiji Milk Products Co. Ltd.	10,000		44,660
Meiji Seika Kaisha Ltd. (a)	15,000		83,099
Meitec Corp.	2,000		59,320
Minebea Co. Ltd.	15,000		117,361
Mitsubishi Chemical Corp.	87,000		264,715
Mitsubishi Corp.	62,000		432,779
Mitsubishi Electric Corp.	84,000		489,696
Mitsubishi Estate Co. Ltd. (a)	49,000		482,357
Mitsubishi Gas Chemical Co., Inc.	21,000		60,138
Mitsubishi Heavy Industries Ltd.	128,000		507,287
Mitsubishi Logistics Corp.	1,000		8,566
Mitsubishi Materials Corp.	46,000		107,424
Mitsubishi Rayon Co. Ltd.	26,000		85,315
Mitsubishi Trust & Banking Corp.	51,000		351,215
Mitsui & Co. Ltd.	62,000		351,930
Mitsui Fudosan Co. Ltd.	32,000		309,009
Mitsui Marine & Fire Insurance Co. Ltd.	29,000		157,445
Mitsui Mining & Smelting Co. Ltd.	21,000		132,447
Mitsukoshi Ltd. (a)	19,000		72,062
Mizuho Holdings, Inc.	347		2,129,379
Mori Seiki Co. Ltd.	4,000		39,206
Murata Manufacturing Co. Ltd.	9,100		754,649
Mycal Corp.	3,000		5,242
Namco Ltd.	2,200		34,313
NEC Corp.	61,000		992,491
NGK Insulators Ltd.	14,000		153,328
NGK Spark Plug Co. Ltd.	9,000		100,793
Nichiei Co. Ltd.	1,700		11,070
Nidec Corp.	2,600		122,322
Nikon Corp.	15,000		177,832
Nintendo Co. Ltd.	5,400		882,281
Nippon Computer Systems Corp.	5,000		77,559
Nippon Express Co. Ltd.	39,000		189,466
Nippon Meat Packers, Inc.	9,000		110,381

	Shares		Value (Note 1)
Nippon Mitsubishi Oil Corp.	58,000		$ 289,679
Nippon Paper Industries Co. Ltd.	36,000		197,597
Nippon Sheet Glass Co. Ltd.	17,000		176,621
Nippon Shokubai Co. Ltd.	3,000		11,276
Nippon Steel Corp.	257,000		468,746
Nippon Telegraph & Telephone Corp.	484		3,168,090
Nippon Yusen Kabushiki Kaisha (a)	49,000		218,836
Nishimatsu Construction	12,000		40,603
Nissan Motor Co. Ltd. (a)	150,000		966,505
Nisshin Flour Milling Co. Ltd.	11,000		92,534
Nisshinbo Industries, Inc.	10,000		49,604
Nissin Food Products Co. Ltd.	5,000		123,583
Nitto Denko Corp.	6,000		141,396
Nomura Securities Co. Ltd.	74,000		1,453,763
NSK Ltd.	23,000		100,955
NTN Corp.	9,000		25,237
Obayashi Corp.	28,000		115,026
Oji Paper Co. Ltd.	39,000		199,105
Okumura Corp.	12,000		42,444
Olympus Optical Co. Ltd.	10,000		124,435
Omron Corp.	10,000		158,527
Onward Kashiyama Co. Ltd.	7,000		57,573
Orient Corp. (a)	9,000		10,432
Oriental Land Co. Ltd.	3,800		242,905
ORIX Corp.	3,200		285,826
Osaka Gas Co. Ltd.	93,000		242,547
Pioneer Corp.	7,000		181,369
Promise Co. Ltd.	4,900		324,495
Rohm Co. Ltd.	4,500		728,714
Sakura Bank Ltd.	156,000		924,060
Sankyo Co. Ltd.	17,000		354,257
Sanrio Co. Ltd.	3,000		41,933
Sanwa Shutter Corp.	1,000		1,943
Sanyo Electric Co. Ltd.	71,000		448,402
Sapporo Breweries Ltd.	1,000		3,043
Secom Co. Ltd.	9,000		543,851
SEGA Corp. (a)	4,700		86,125
Seiyu Ltd. (a)	13,000		35,566
Sekisui Chemical Co. Ltd.	20,000		54,717
Sekisui House Ltd.	28,000		229,097
Sharp Corp.	42,000		535,515
Shimamura Co. Ltd.	1,400		74,099
SHIMANO, INC.	6,000		95,321
SHIMIZU Corp.	31,000		89,832
Shin-Etsu Chemical Co. Ltd.	16,000		565,925
Shionogi & Co. Ltd.	13,000		223,259
Shiseido Co. Ltd. (a)	16,000		159,686
Shizuoka Bank Ltd.	31,000		269,496
Showa Denko KK (a)	39,000		77,448
Showa Shell Sekiyu K.K. Co.	16,000		82,775
Skylark Co. Ltd.	4,000		123,072
SMC Corp.	2,800		309,759
Snow Brand Milk Products Co. Ltd. (a)	12,000		38,660
Softbank Corp.	12,800		571,653
Common Stocks - continued
	Shares		Value (Note 1)
Japan - continued
Sony Corp.	34,200		$ 2,445,642
Sumitomo Bank Ltd.	119,000		1,177,525
Sumitomo Chemical Co. Ltd.	65,000		311,898
Sumitomo Corp.	39,000		248,964
Sumitomo Electric Industries Ltd. (a)	28,000		335,294
Sumitomo Forestry Co. Ltd.	8,000		45,956
Sumitomo Heavy Industries Ltd.	25,000		38,780
Sumitomo Marine and Fire Insurance Co. Ltd.	27,000		160,394
Sumitomo Metal Industries Ltd.	132,000		78,752
Sumitomo Metal Mining Co. Ltd.	23,000		89,781
Sumitomo Osaka Cement Co. Ltd.	17,000		44,481
Taiheiyo Cement Corp.	38,000		74,491
Taisei Corp.	41,000		87,011
Taisho Pharmaceutical Co. Ltd.	13,000		274,780
Taiyo Yuden Co. Ltd.	5,000		132,958
Takara Shuzo Co. Ltd.	8,000		120,140
Takashimaya Co. Ltd.	13,000		88,639
Takeda Chemical Industries Ltd.	33,000		1,560,982
Takefuji Corp.	5,800		432,541
Teijin Ltd.	37,000		168,397
Teikoku Oil Co. Ltd.	12,000		55,127
Terumo Corp.	8,300		158,813
Tobu Railway Co. Ltd.	33,000		109,128
Toda Corp.	13,000		56,396
Toei Co. Ltd.	4,000		13,978
Toho Co. Ltd.	800		98,798
Tohoku Electric Power Co., Inc.	18,900		264,178
Tokai Bank Ltd. (a)	89,000		388,375
Tokio Marine & Fire Insurance Co. Ltd.	58,000		608,029
Tokyo Broadcasting System, Inc.	3,000		75,812
Tokyo Dome Corp.	1,000		3,503
Tokyo Electric Power Co.	51,100		1,212,934
Tokyo Electron Ltd.	6,800		456,115
Tokyo Gas Co. Ltd.	104,000		280,985
Tokyo Style Co. Ltd.	5,000		45,214
Tokyu Corp.	44,000		205,131
Toppan Printing Co. Ltd.	28,000		220,745
Toray Industries, Inc.	57,000		208,412
Toshiba Corp.	122,000		681,070
Tosoh Corp.	23,000		60,377
Tostem Corp.	9,000		104,321
Toto Ltd.	14,000		96,650
Toyo Information System Co. Ltd.	2,000		63,752
Toyo Seikan Kaisha Ltd.	9,000		164,152
Toyobo Co. Ltd.	29,000		66,488
Toyota Motor Corp.	140,400		4,882,229
Trans Cosmos, Inc.	1,000		44,746
Tsubakimoto Chain Co.	8,000		21,819
Ube Industries Ltd.	19,000		44,694
Uni-Charm Corp	2,700		115,060
Uny Co. Ltd.	7,000		70,400

	Shares		Value (Note 1)
Wacoal Corp. (a)	6,000		$ 49,246
World Co. Ltd.	2,000		69,888
Yakult Honsha Co. Ltd.	7,000		76,366
Yamaha Corp.	9,000		105,702
Yamaichi Securities Co. Ltd. (a)	3,000		0
Yamanouchi Pharmaceutical Co. Ltd.	14,000		523,822
Yamato Transport Co. Ltd.	17,000		328,177
Yamazaki Baking Co. Ltd.	9,000		57,146
Yokogawa Electric Corp.	4,000		37,501
TOTAL JAPAN			71,930,229
Netherlands - 6.0%
ABN AMRO Holding NV	63,211		1,395,171
Aegon NV	56,518		1,994,347
Akzo Nobel NV	12,039		585,919
ASM Lithography Holding NV (a)	18,131		397,000
Buhrmann NV	3,225		97,688
Elsevier NV	30,920		437,457
Getronics NV	13,368		75,924
Hagemeyer NV	4,310		101,139
Heineken NV	13,345		740,063
IHC Caland NV	1,044		55,534
ING Groep NV (Certificaten Van Aandelen)	40,927		2,836,596
KLM Royal Dutch Airlines NV	1,574		37,793
Koninklijke Ahold NV	34,115		1,103,942
Koninklijke KPN NV	48,190		594,121
Koninklijke Philips Electronics NV	53,932		1,781,568
Oce NV (a)	1,984		32,430
QIAGEN NV (a)	5,786		162,866
Royal Dutch Petroleum Co. (Hague Registry)	89,554		5,223,685
STMicroelectronics NV	33,414		1,055,338
TNT Post Group NV	20,274		479,497
Unilever NV (Certificaten Van Aandelen) (a)	24,078		1,364,181
Vedior NV	2,532		32,269
Vendex KBB NV	2,540		36,100
Vopak NV	1,350		31,417
Wolters Kluwer NV (Certificaten Van Aandelen)	10,459		252,000
TOTAL NETHERLANDS			20,904,045
New Zealand - 0.1%
Auckland International Airport Ltd.	13,915		21,098
Brierley Investments Ltd.	65,616		9,892
Carter Holt Harvey Ltd.	70,392		53,062
Contact Energy Ltd.	25,284		30,931
Fisher & Paykel Industries Ltd.	4,114		15,240
Fletcher Challenge Forests:
(PN) (a)	59,358		8,182
Forestry Division	29,679		4,091
Fletcher Challenge Ltd.:
Building Division	12,586		10,897
Energy Division	15,694		61,180
Common Stocks - continued
	Shares		Value (Note 1)
New Zealand - continued
Telecom Corp. of New Zealand Ltd.	75,098		$ 166,595
The Warehouse Group Ltd.	9,551		22,216
TOTAL NEW ZEALAND			403,384
Norway - 0.5%
Bergesen dy ASA:
(A Shares)	2,500		47,421
(B Shares)	800		14,097
DNB Holding ASA	31,850		162,298
Elkem AS	2,400		43,369
Frontline Ltd. (a)	3,700		58,971
Hafslund ASA (A Shares)	1,750		8,839
Kvaerner ASA (a)	4,154		32,171
Merkantildata ASA (d)	8,750		38,105
Norsk Hydro AS	10,900		464,897
Norske Skogindustrier AS (A Shares)	1,600		61,597
Opticom ASA (a)	560		36,267
Orkla-Borregaard AS	8,971		180,739
Petroleum Geo-Services ASA (a)	4,600		40,788
SAS Norge ASA (B Shares)	1,300		13,643
Schibsted AS (B Shares)	3,200		42,561
Smedvig ASA (A Shares)	1,600		18,138
Storebrand ASA (A Shares)	12,150		83,186
Tandberg ASA (a)	2,500		23,149
Telenor ASA (a)	18,650		85,405
Tomra Systems AS	7,400		136,629
TOTAL NORWAY			1,592,270
Portugal - 0.6%
Banco Comercial Portuges SA	89,826		460,396
Banco Comercial Portuges SA rights 3/12/01 (a)	89,826		8,627
Banco Espirito Santo SA (BES) (Reg.)	7,767		126,816
BPI-SGPS SA	21,138		69,104
Brisa Auto-Estradas de Portugal SA	13,459		129,266
Cimpor-Cimentos de Portugal SGPS SA	5,997		162,547
Electricidade de Portugal SA	129,219		385,448
Jeronimo Martins SGPS SA	2,627		25,473
Portucel Industrial Empresa Produtora de Celulosa SA	11,425		15,088
Portugal Telecom SA	51,258		496,089
Sonae SGPS SA	43,684		54,059
Sonae SGPS SA New (a)	55,902		65,048
TOTAL PORTUGAL			1,997,961
Singapore - 1.0%
Capitaland Ltd. (a)	91,000		138,756
Chartered Semiconductor Manufacturing Ltd. (a)	46,000		130,261
City Developments Ltd.	35,000		152,479
Creative Technology Ltd.	4,000		46,776
Cycle & Carriage Ltd.	6,000		12,313
DBS Group Holdings Ltd.	55,327		624,788

	Shares		Value (Note 1)
Fraser & Neave Ltd.	9,000		$ 37,919
Haw Par Corp. Ltd.	7,000		15,649
Hotel Properties Ltd.	11,000		9,584
Keppel Corp. Ltd.	31,000		61,485
Neptune Orient Lines Ltd. (a)	55,000		39,725
Oversea-Chinese Banking Corp. Ltd.	53,824		404,181
Overseas Union Enterprises Ltd.	4,000		16,968
Parkway Holdings Ltd.	11,000		18,854
Sembcorp Industries Ltd.	76,969		82,065
Singapore Airlines Ltd.	52,000		441,158
Singapore Press Holdings Ltd.	16,048		202,382
Singapore Technologies Engineering Ltd.	126,000		196,457
Singapore Telecommunications Ltd.	263,000		416,096
United Industrial Corp. Ltd.	71,000		37,443
United Overseas Bank Ltd.	43,616		345,028
United Overseas Land Ltd.	28,000		28,249
Venture Manufacturing Singapore Ltd.	11,000		85,125
TOTAL SINGAPORE			3,543,741
Spain - 3.0%
Acerinox SA (Reg. D)	2,842		93,173
Actividades de Construccion y Servicios SA (ACS)	2,847		76,904
Aguas de Barcelona SA	5,881		84,345
Aguas de Barcelona SA (RFD) (a)	58		790
Altadis SA	14,345		205,338
Altadis SA (a)	418		5,883
Autopistas Concesionaria Espanola SA	12,875		122,468
Azucarera Ebro Agricolas SA	1,950		23,231
Banco Bilbao Vizcaya Argentaria SA	123,079		1,839,075
Banco Santander Central Hispano SA	172,978		1,774,769
Corporacion Mapfre Compania Internacional de Reaseguros SA (Reg.)	2,594		59,889
Cortefiel SA	1,628		29,092
Endesa SA	41,791		718,234
Fomento Construcciones y Contratas SA (FOCSA)	4,415		93,777
Gas Natural SDG SA Series E	16,288		273,613
Grupo Dragados SA	4,032		52,874
Iberdrola SA	36,300		549,778
Metrovacesa SA	2,999		52,622
Portland Valderrivas SA	543		11,784
Repsol YPF SA	48,374		826,458
Sol Melia SA	8,221		83,513
Telefonica SA	172,001		2,946,536
TelePizza SA (a)	7,620		19,704
Union Electrica Fenosa SA	11,790		231,371
Vallehermoso SA	1,549		12,231
Zardoya Otis SA	5,243		50,550
Zeltia SA	7,108		94,853
TOTAL SPAIN			10,332,855
Sweden - 2.6%
ABB Ltd. (Sweden)	1,006		84,423
Common Stocks - continued
	Shares		Value (Note 1)
Sweden - continued
Assa Abloy AB (B Shares)	14,800		$ 247,497
AssiDoman AB	4,380		83,965
AssiDoman AB (redemption) (a)	920		17,683
Atlas Copco AB:
(A Shares)	6,285		151,245
(B Shares)	2,485		56,633
Drott AB (B Shares)	3,700		49,047
Electrolux AB (B Shares)	15,700		259,345
Gambro AB:
(A Shares)	10,700		74,192
(B Shares)	1,400		9,707
Hennes & Mauritz AB (H&M) (B Shares)	34,400		666,463
Modern Times Group AB (MTG) (B Shares) (a)	2,350		69,491
Nordea AB	123,778		908,740
OM Gruppen AB	3,500		80,478
Sandvik AB	11,000		259,661
SAPA AB	900		14,729
Securitas AB (B Shares)	14,800		285,225
Skandia Foersaekrings AB	42,600		488,682
Skandinaviska Enskilda Banken (A Shares)	29,180		322,834
Skanska AB (B Shares)	5,000		208,525
SKF AB:
(A Shares)	400		6,179
(B Shares) (a)	2,600		45,070
SSAB Swedish Steel (A Shares)	2,800		26,981
Svenska Cellulosa AB (SCA) (B Shares)	9,600		221,719
Svenska Handelsbanken AB:
(A Shares)	27,600		464,362
(B Shares)	1,000		16,417
Swedish Match Co.	11,608		49,121
Tele2 AB (B Shares) (a)	6,000		216,580
Telefonaktiebolaget LM Ericsson AB (B Shares)	330,400		2,736,125
Telia AB (a)	62,900		368,793
Trelleborg AB (B Shares)	3,200		24,635
Volvo AB:
(A Shares)	5,040		95,075
(B Shares)	12,560		237,573
WM-Data AB (B Shares)	16,200		69,709
TOTAL SWEDEN			8,916,904
Switzerland - 7.1%
ABB Ltd. (Switzerland) (Reg.)	11,472		972,553
Adecco SA	740		465,520
Ascom Holding AG (Reg. D)	1,076		77,359
Charles Voegele Holding AG	417		49,342
Credit Suisse Group (Reg.)	12,540		2,340,309
Georg Fischer AG (Reg.)	170		49,856
Givaudan AG (a)	271		74,687
Holderbank Financiere Glarus AG:
(Bearer)	221		250,646
(Reg.)	462		154,729

	Shares		Value (Note 1)
Jelmoli Holding AG	20		$ 29,896
Kudelski SA (a)	210		198,538
Kuoni Reisen Holding AG Class B (Reg.)	120		55,719
Logitech International SA (a)	130		36,996
Lonza Group AG	250		156,671
Nestle SA (Reg.)	1,650		3,623,060
Novartis AG (Reg.)	3,010		5,103,529
PubliGroupe SA (Reg.)	84		36,235
Roche Holding AG	68		692,589
Roche Holding AG participation certificates	294		2,536,457
SAirGroup (Reg.)	400		51,285
Schindler Holding AG	40		62,309
Societe Generale de Surveillance Holding SA (SGS):
(Bearer)	45		53,921
(Reg.)	60		17,399
Sulzer AG (Reg.) (a)	160		110,431
Swiss Reinsurance Co. (Reg.)	605		1,271,910
Swisscom AG	3,120		729,016
Syngenta AG (Switzerland) (a)	4,906		285,407
The Swatch Group AG:
(Bearer)	145		161,584
(Reg.)	600		139,117
UBS AG (Reg. D)	18,382		2,929,490
Unaxis Holding AG (a)	587		119,046
Valora Holding AG	180		35,588
Zurich Financial Services AG	3,470		1,663,172
TOTAL SWITZERLAND			24,534,366
United Kingdom - 19.4%
3i Group PLC	24,104		466,677
Abbey National PLC	53,993		910,398
Airtours PLC	20,382		85,623
AMEC PLC	10,281		60,755
Amvescap PLC	27,964		555,552
ARM Holdings PLC (a)	39,495		176,899
AstraZeneca PLC:
(Sweden)	4,994		227,625
(United Kingdom)	62,194		2,876,472
AWG PLC (a)	8,512		71,578
BAA PLC	39,697		375,683
BAE Systems PLC	118,573		503,681
Balfour Beatty PLC	9,023		19,490
Barclays PLC	62,902		1,911,290
Barratt Developments PLC	9,121		45,235
Bass PLC	33,613		351,130
BBA Group PLC	18,148		90,266
Berkeley Group PLC	5,445		66,596
BG Group PLC	133,375		512,600
Blue Circle Industries PLC	23,982		169,354
BOC Group PLC	20,116		297,622
Boots Co. PLC	34,667		313,054
Common Stocks - continued
	Shares		Value (Note 1)
United Kingdom - continued
BP Amoco PLC	860,016		$ 7,109,465
British Airways PLC	44,005		255,753
British American Tobacco PLC	85,539		688,093
British Land Co. PLC	21,149		154,925
British Sky Broadcasting Group PLC (a)	70,130		972,742
British Telecommunications PLC	252,251		2,137,827
BTG PLC (a)	4,721		83,764
Bunzl PLC	19,072		125,381
Cadbury Schweppes PLC	76,076		495,732
Canary Wharf Group PLC (a)	26,838		200,380
Capita Group PLC	27,045		187,760
Carlton Communications PLC	25,450		190,108
Celltech Group PLC (a)	11,145		214,973
Centrica PLC	152,315		517,170
CGNU PLC	85,343		1,239,244
Chubb PLC (a)	31,158		67,078
CMG PLC	24,438		266,232
Compass Group PLC (a)	86,268		688,037
Corus Group PLC	112,688		117,228
Diageo PLC	132,691		1,346,823
Dixons Group PLC	76,151		284,419
Eidos PLC	2,324		7,656
Electrocomponents PLC	15,764		154,881
EMI Group PLC	30,919		218,006
Exel PLC	12,134		168,305
FKI PLC	23,506		71,322
George Wimpey PLC	8,928		25,154
GKN PLC	29,175		339,336
Glaxo Wellcome PLC (a)	235,960		6,525,475
Granada PLC	86,268		240,564
Great Universal Stores PLC Class A	36,748		290,432
Halifax Group PLC	85,011		859,797
Hammerson PLC	10,345		75,781
Hanson PLC	31,057		201,927
Hays PLC	66,099		336,171
Hilton Group PLC	59,910		193,031
HSBC Holdings PLC (United Kingdom) (Reg.)	350,311		4,659,137
IMI plc	5,814		22,555
Imperial Chemical Industries PLC	27,036		202,432
International Power PLC	44,533		154,424
Invensys PLC	130,702		293,182
J. Sainsbury PLC	71,596		398,265
Johnson Matthey PLC	8,588		132,521
Kidde PLC (a)	31,158		35,340
Kingfisher PLC	56,309		401,909
Land Securities PLC	21,756		273,792
Lattice Group PLC (a)	133,375		247,628
Legal & General Group PLC	193,077		484,008
Lloyds TSB Group PLC	208,728		1,978,369
Logica PLC	16,813		335,233
London Bridge Software Holdings PLC	4,635		21,698

	Shares		Value (Note 1)
Marconi PLC	107,360		$ 722,855
Marks & Spencer PLC	106,854		375,163
Misys PLC	22,319		193,647
National Grid Group PLC	56,350		477,105
Novar PLC	9,387		26,583
Nycomed Amersham PLC	26,181		204,269
P&O Princess Cruises PLC (a)	25,442		135,093
Pace Micro Technology PLC	4,100		30,212
Pearson PLC	31,084		680,413
Peninsular & Oriental Steam Navigation Co.	25,442		110,463
Pilkington PLC	30,267		52,696
Provident Financial Group PLC	5,546		64,025
Prudential PLC	76,035		1,042,564
Psion PLC	16,001		35,603
Railtrack PLC Class L	21,373		282,559
Rank Group PLC Class L	2,483		6,601
Reed International PLC	42,685		428,014
Rentokil Initial PLC	81,624		242,060
Reuters Group PLC	54,192		833,202
Rexam PLC	17,415		66,491
Rio Tinto PLC (Reg. D)	41,647		767,214
RMC Group PLC	10,643		119,791
Royal Bank of Scotland Group PLC	101,318		2,225,118
Sage Group PLC	51,634		217,096
Schroders PLC	12,160		207,319
ScottishPower plc	69,516		479,602
Sema PLC	24,007		189,909
Slough Estates PLC	16,855		101,601
Smith & Nephew PLC	36,579		174,145
Smiths Group PLC	21,018		212,575
Smiths Group PLC rights 1/1/03 (a)	22,478		0
Stagecoach Holdings PLC	45,503		48,816
Tate & Lyle PLC	18,807		67,933
Taylor Woodrow PLC	15,376		45,876
Tesco PLC	264,047		1,001,459
Unilever PLC (a)	111,205		852,386
United Utilities PLC	19,710		166,027
Vodafone Group PLC	2,444,041		6,674,670
Wolseley PLC	24,334		165,950
WPP Group PLC	42,089		493,796
TOTAL UNITED KINGDOM			66,999,946
TOTAL COMMON STOCKS (Cost $362,850,754)		317,378,521
Nonconvertible Preferred Stocks - 0.6%

Australia - 0.2%
News Corp. Ltd. (ltd. vtg.)	80,302		657,626
Germany - 0.3%
Dyckerhoff AG	600		13,282
Hugo Boss AG	300		99,738
MAN AG	1,450		33,196
Nonconvertible Preferred Stocks - continued
	Shares		Value (Note 1)
Germany - continued
ProSieben Sat.1 Media AG	6,428		$ 172,151
RWE AG (non-vtg.)	1,650		48,761
SAP AG	4,950		766,062
Volkswagen AG	3,350		111,281
TOTAL GERMANY			1,244,471
Italy - 0.1%
Fiat Spa	3,723		62,585
Fiat Spa Risp	996		14,339
Telecom Italia Spa Risp	32,230		181,146
TOTAL ITALY			258,070
United Kingdom - 0.0%
AWG PLC (a)	1,123,584		1,299
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,477,074)		2,161,466

Nonconvertible Bonds - 0.0%
Moody's Ratings (unaudited)			Principal Amount (c)
Australia - 0.0%
AMP Insurance Investment Holdings Pty Ltd. 7% 9/30/02 (Cost $0)	-	AUD	2,266		0
Government Obligations - 7.1%

United States of America - 7.1%
U.S. Treasury Bills, yield at date of purchase 4.79% to 5.71% 3/1/01 to 4/19/01 (e) (Cost $24,434,613)			24,537,000	24,439,506

Cash Equivalents - 6.4%
	Shares
Bankers Trust Institutional Daily Assets Fund, 5.67% (b) (Cost $22,050,048)	22,050,048	22,050,048

TOTAL INVESTMENT PORTFOLIO - 106.0%

(Cost $411,812,489)

366,029,541

NET OTHER ASSETS - (6.0)%		(20,581,125)
NET ASSETS - 100%		$ 345,448,416

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Gain/(Loss)
Purchased
81 CAC 40 Index Contracts (France)	April 2001	$ 4,016,948	$ (309,720)
21 DAX 30 Index Contracts (Germany)	March 2001	3,013,023	(97,804)
76 FTSE 100 Index Contracts (United Kingdom)	March 2001	6,478,707	(459,921)
18 Hang Seng Stock Index Contracts (Hong Kong)	March 2001	1,703,203	(20,469)
11 IBEX 35 Index Contracts (Spain)	March 2001	973,235	(37,821)
7 MIB 30 Index Contracts (Italy)	March 2001	1,304,342	(104,884)
32 Nikkei 225 Index Contracts (Japan)	March 2001	2,077,600	(74,451)
43 Nikkei 300 Index Contracts (Japan)	March 2001	924,648	(62,535)
24 S & P ASX 200 Index Contracts (Australia)	March 2001	1,052,563	(36,449)
44 Topix Index Contracts (Japan)	March 2001	4,648,257	(471,362)
		$ 26,192,526	$ (1,675,416)

The face value of futures purchased as a percentage of net assets - 7.6%

Forward Foreign Currency Contracts
	Settlement Dates	Value (Note 1)
Contracts to Buy
7,981,409 EUR	March 2001	$ 7,373,420	28,534
4,044,883 GBP	March 2001	5,842,930	(57,368)
871,073,100 JPY	March 2001	7,448,120	(74,991)
(Payable Amount $20,768,295)		$ 20,664,470	$ (103,825)

The value of contracts to buy as a percentage of net assets - 6%

Currency Abbreviations
AUD	-	Australian dollar
EUR	-	European Monetary Unit
GBP	-	British pound
JPY	-	Japanese yen

Legend

(a) Non-income producing

(b) The rate quoted is the annualized daily yield of the fund at period end.

(d) Security exempt from registration under Rule 144A of the Securities
Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the period end, the value of these securities amounted to $38,105 or 0.0% of net assets.

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $1,469,139.

Other Information

Purchases and sales of securities, other than short-term securities, aggregated $182,018,804 and $13,355,446, respectively.

The market value of futures contracts opened and closed during the period amounted to $145,600,659 and $147,018,176, respectively.

The fund participated in the security lending program during the period. At period end the fund received as collateral U.S. Treasury obligations valued at $806,606.

Income Tax Information

At February 28, 2001, the aggregate cost of investment securities for income tax purposes was $412,215,378. Net unrealized depreciation aggregated $46,185,837, of which $24,706,578 related to appreciated investment securities and $70,892,415 related to depreciated investment securities.

The fund hereby designates approximately $202,000 as a capital gain dividend for the purpose of the dividend paid deduction.

At February 28, 2001, the fund had a capital loss carryforward of approximately $517,000 all of which will expire on February 28, 2009.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan International Index Fund

Financial Statements

Statement of Assets and Liabilities

	February 28, 2001
Assets
Investment in securities, at value (including securities loaned of $20,927,358) (cost $411,812,489) - See accompanying schedule		$ 366,029,541
Cash		727
Foreign currency held at value (cost $1,447,024)		1,447,024
Unrealized appreciation on foreign currency contracts		28,534
Receivable for fund shares sold		350,126
Dividends receivable		450,801
Interest receivable		37
Redemption fees receivable		426
Other receivables		8,498
Total assets		368,315,714
Liabilities
Payable for investments purchased	$ 105,140
Unrealized depreciation on foreign currency contracts	132,359
Payable for closed foreign currency contracts	7,410
Payable for fund shares redeemed	337,025
Accrued management fee	29,565
Payable for daily variation on futures contracts	92,689
Other payables and accrued expenses	113,062
Collateral on securities loaned, at value	22,050,048
Total liabilities		22,867,298
Net Assets		$ 345,448,416
Net Assets consist of:
Paid in capital		$ 396,271,245
Undistributed net investment income		342,722
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		(3,893,295)
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies		(47,272,256)
Net Assets, for 11,759,197 shares outstanding		$ 345,448,416
Net Asset Value, offering price and redemption price per share ($345,448,416 ÷ 11,759,197 shares)		$29.38

Statement of Operations

	Year ended February 28, 2001
Investment Income Dividends		$ 5,624,412
Interest		1,004,515
Security lending		152,129
		6,781,056
Less foreign taxes withheld		(518,102)
Total income		6,262,954
Expenses
Management fee and sub-advisory fees	$ 1,133,873
Transfer agent fees	422,007
Accounting and security lending fees	201,654
Non-interested trustees' compensation	1,122
Registration fees	83,164
Audit	30,455
Legal	1,053
Miscellaneous	2,886
Total expenses before reductions	1,876,214
Expense reductions	(713,356)	1,162,858
Net investment income		5,100,096
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities	(2,923,693)
Foreign currency transactions	(1,909,466)
Futures contracts	(457,771)	(5,290,930)
Change in net unrealized appreciation (depreciation) on:
Investment securities	(68,167,913)
Assets and liabilities in foreign currencies	222,734
Futures contracts	(2,938,587)	(70,883,766)
Net gain (loss)		(76,174,696)
Net increase (decrease) in net assets resulting from operations		$ (71,074,600)
Other Information Expense reductions
FMR reimbursement		$ 710,357
Transfer agent credits		2,999
		$ 713,356

See accompanying notes which are an integral part of the financial statements.

Annual Report

Spartan International Index Fund
Financial Statements - continued

Statement of Changes in Net Assets

Increase (Decrease) in Net Assets	Year ended February 28, 2001	Year ended February 29, 2000
Operations Net investment income	$ 5,100,096	$ 1,562,669
Net realized gain (loss)	(5,290,930)	1,140,136
Change in net unrealized appreciation (depreciation)	(70,883,766)	20,437,260
Net increase (decrease) in net assets resulting from operations	(71,074,600)	23,140,065
Distributions to shareholders From net investment income	(3,163,549)	(535,652)
From net realized gain	(427,137)	(1,178,572)
In excess of net realized gain	(179,738)	-
Total distributions	(3,770,424)	(1,714,224)
Share transactions Net proceeds from sales of shares	262,652,604	226,314,449
Reinvestment of distributions	3,500,459	1,602,355
Cost of shares redeemed	(100,951,506)	(37,729,643)
Net increase (decrease) in net assets resulting from share transactions	165,201,557	190,187,161
Trading fees	124,908	177,921
Total increase (decrease) in net assets	90,481,441	211,790,923
Net Assets
Beginning of period	254,966,975	43,176,052
End of period (including undistributed net investment income of $342,722 and $75,303, respectively)	$ 345,448,416	$ 254,966,975
Other Information Shares
Sold	7,686,737	6,643,083
Issued in reinvestment of distributions	110,240	45,094
Redeemed	(3,069,355)	(1,153,839)
Net increase (decrease)	4,727,622	5,534,338

Financial Highlights

Years ended February 28,	2001	2000^G	1999	1998^E
Selected Per-Share Data
Net asset value, beginning of period	$ 36.26	$ 28.84	$ 27.64	$ 25.00
Income from Investment Operations
Net investment income^D	.51	.49	.46	.11
Net realized and unrealized gain (loss)	(7.03)	7.25	1.08	2.29
Total from investment operations	(6.52)	7.74	1.54	2.40
Less Distributions
From net investment income	(.29)	(.12)	(.48)	(.06)
From net realized gain	(.06)	(.26)	(.09)	-
In excess of net realized gain	(.02)	-	(.04)	-
Total distributions	(.37)	(.38)	(.61)	(.06)
Trading fees added to paid in capital	.01	.06	.27	.30
Net asset value, end of period	$ 29.38	$ 36.26	$ 28.84	$ 27.64
Total Return^{B, C}	(18.04)%	27.08%	6.58%	10.83%
Ratios and Supplemental Data
Net assets, end of period (000 omitted)	$ 345,448	$ 254,967	$ 43,176	$ 24,686
Ratio of expenses to average net assets	.35%^F	.35%^F	.36%^F	.35%^{A, F}
Ratio of net investment income to average net assets	1.53%	1.48%	1.62%	1.43%^A
Portfolio turnover rate	4%	3%	2%	2%^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C The total returns would have been lower had certain expenses not been reduced during the periods shown.

^D Net investment income per share has been calculated based on average shares outstanding during the period.

^E For the period November 5, 1997 (commencement of operations) to February 28, 1998.

^F FMR agreed to reimburse a portion of the fund's expenses during the period. Without this reimbursement, the fund's expense ratio would have been higher.

^G For the year ended February 29

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended February 28, 2001

1. Significant Accounting Policies.

Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund (the funds) are funds of Fidelity Concord Street Trust (the trust). The trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company organized as a Massachusetts business trust. Each fund is authorized to issue an unlimited number of shares. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which require management to make certain estimates and assumptions at the date of the financial statements. The following summarizes the significant accounting policies of the funds:

Security Valuation:

Spartan Total Market Index and Spartan Extended Market Index Funds. Securities for which exchange quotations are readily available are valued at the last sale price, or if no sale price, at the closing bid price. Foreign securities are valued based on quotations from the principal market in which such securities are normally traded. If trading or events occurring in other markets after the close of the principal market in which foreign securities are traded, and before the close of business of the fund, are expected to materially affect the value of those securities, then they are valued at their fair value taking this trading or these events into account. Fair value is determined in good faith under consistently applied procedures under the general supervision of the Board of Trustees. Securities (including restricted securities) for which exchange quotations are not readily available (and in certain cases debt securities which trade on an exchange) are valued primarily using dealer-supplied valuations or at their fair value. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost or original cost plus accrued interest, both of which approximate current value. Investments in open-end investment companies are valued at their net asset value each business day.

Spartan International Index Fund. Securities for which quotations are readily available are valued using the official closing price or at the last sale price in the principal market in which they are traded. If the last sale price (on the local exchange) is unavailable, the last evaluated quote or closing bid price normally is used. If trading or events occurring in other markets after the close of the principal market in which securities are traded are expected to materially affect the value of those securities, then they are valued at their fair value taking this trading or these events into account. Fair value is determined in good faith under consistently applied procedures under the general supervision of the Board of Trustees. Securities (including restricted securities) for which quotations are not readily available are valued primarily using dealer-supplied valuations or at their fair value. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost or original cost plus accrued interest, both of which approximate current value. Investments in open-end investment companies are valued at their net asset value each business day.

Foreign Currency Translation. The accounting records of the funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.

Income Taxes. As a qualified regulated investment company under Subchapter M of the Internal Revenue Code, each fund is not subject to U.S. federal income taxes to the extent that it distributes all of its taxable income for its fiscal year. Each fund may be subject to foreign taxes on income and gains on investments which are accrued based upon each fund's understanding of the tax rules and regulations that exist in the markets in which they invest. Foreign governments may also impose taxes on other payments or transactions with respect to foreign securities. Each fund accrues such taxes as applicable. The schedules of investments include information regarding income taxes under the caption "Income Tax Information."

Investment Income. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, which includes accretion of original issue discount, is accrued as earned. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Most expenses of the trust can be directly attributed to a fund. Expenses which cannot be directly attributed are apportioned among the funds in the trust.

Distributions to Shareholders. Distributions are recorded on the ex-dividend date.

Income and capital gain distributions are determined in accordance with income tax regulations which may differ from generally accepted accounting principles. These differences, which may result in distribution reclassifications, are primarily due to differing treatments for litigation proceeds, futures transactions, foreign currency transactions, passive foreign investment companies (PFIC), market

Annual Report

Notes to Financial Statements - continued

1. Significant Accounting Policies - continued

Distributions to Shareholders - continued

discount, partnerships, non-taxable dividends, capital loss carryforwards, and losses deferred due to wash sales and excise tax regulations. Certain funds also utilized earnings and profits distributed to shareholders on redemption of shares as a part of the dividends paid deduction for income tax purposes.

Short-Term Trading (Redemption) Fees. Shares held in the funds less than 90 days are subject to a short-term trading fee equal to .50%, .75% and 1.00% of the amount invested in Spartan Total Market Index, Spartan Extended Market Index and Spartan International Index, respectively. This fee, which is retained by the fund, is accounted for as an addition to paid in capital.

Spartan Extended Market Index and Spartan International Index also receive their allocable share of short-term trading fees attributable to redemptions from the Fidelity Four-in-One Index Fund. For the period these fees total $10,499 and $13,999, respectively.

Security Transactions. Security transactions are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost.

2. Operating Policies.

Forward Foreign Currency Contracts. Spartan International Index Fund generally uses foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage the fund's currency exposure. Contracts to sell generally are used to hedge the fund's investments against currency fluctuations, while contracts to buy generally are used to offset a previous contract to sell. Also, a contract to buy can be used to acquire exposure to foreign currencies and a contract to sell can be used to offset a previous contract to buy. These contracts involve market risk in excess of the unrealized gain or loss reflected in the fund's Statement of Assets and Liabilities. The U.S. dollar value of the currencies the fund has committed to buy or sell is shown in the schedule of investments under the caption "Forward Foreign Currency Contracts." This amount represents the aggregate exposure to each currency the fund has acquired or hedged through currency contracts at period end. Losses may arise from changes in the value of foreign currency or if the counterparties do not perform under the contracts' terms.

The U.S. dollar value of forward foreign currency contracts is determined using forward currency exchange rates supplied by a quotation service. Purchases and sales of forward foreign currency contracts having the same settlement date and broker are offset and any realized gain (loss) is recognized on the date of offset; otherwise, gain (loss) is recognized on settlement date. Contracts that have been offset with different counterparties are reflected as both a contract to buy and a contract to sell in the schedule of investments under the caption "Forward Foreign Currency Contracts."

Futures Contracts. Certain funds may use futures contracts to manage their exposure to the stock market and to fluctuations in currency values. Buying futures tends to increase a fund's exposure to the underlying instrument, while selling futures tends to decrease a fund's exposure to the underlying instrument or hedge other fund investments. Futures contracts involve, to varying degrees, risk of loss in excess of the futures variation margin reflected in each applicable fund's Statement of Assets and Liabilities. The underlying face amount at value of any open futures contracts at period end is shown in each applicable fund's schedule of investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument at period end. Losses may arise from changes in the value of the underlying instruments or if the counterparties do not perform under the contracts' terms. Gains (losses) are realized upon the expiration or closing of the futures contracts. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded.

Restricted Securities. Certain funds are permitted to invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. At the end of the period, no funds had investments in restricted securities (excluding 144A issues).

3. Purchases and Sales of Investments.

Information regarding purchases and sales of securities (other than short-term securities), and the market value of future contracts opened and closed, is included under the caption "Other Information" at the end of each applicable fund's schedule of investments.

4. Fees and Other Transactions with Affiliates.

Management Fee. As each fund's investment adviser, Fidelity Management & Research Company (FMR) receives a fee that is computed daily at an annual rate of .24%, .24% and .34% of the Spartan Total Market Index, Spartan Extended Market Index and Spartan International Index funds' average net assets, respectively.

Annual Report

Notes to Financial Statements - continued

4. Fees and Other Transactions with Affiliates - continued

Sub-Adviser and Security Lending Fees. FMR Co., Inc. (FMRC) serves as a sub-adviser for the funds. FMRC may provide investment research and advice and may also provide investment advisory services for the funds. FMR and each of the funds have also entered into a sub-advisory agreement with Bankers Trust Company (Bankers Trust). Bankers Trust receives a sub-advisory fee from FMR for providing investment management and custodial services to each of the funds. For providing these services to Spartan Extended Market Index and Spartan Total Market Index, FMR pays Bankers Trust fees at an annual rate of 0.0125% of the average net assets of each fund. For providing these services to Spartan International Index, FMR pays Bankers Trust fees at an annual rate of 0.0650% of the average net assets of the fund, plus fees of up to $200,000 annually. Effective May 1, 2001, Deutsche Asset Management, Inc. (DAMI) will serve as subadviser of the fund. Bankers Trust and DAMI are both wholly owned indirect subsidiaries of Deutsche Bank AG. All personnel currently employed by Bankers Trust in managing the fund will be employed by DAMI in substantially the same capacity.

Under a separate securities lending agreement with Bankers Trust, each fund receives at least 75% (70% prior to January 1, 2001) of net income from its securities lending program. Bankers Trust retains no more than 25% (30% prior to January 1, 2001) of net income under the agreement. For the period, Bankers Trust retained the following amounts:

	Amount
Spartan Total Market Index	145,474
Spartan Extended Market Index	232,537
Spartan International Index	60,948

Transfer Agent Fees. Fidelity Service Company, Inc. (FSC), an affiliate of FMR, is the funds' transfer, dividend disbursing and shareholder servicing agent. FSC receives account fees and asset-based fees that vary according to account size and type of account. FSC pays for typesetting, printing and mailing of all shareholder reports, except proxy statements. For the period, the transfer agent fees were equivalent to an annual rate of .12%, .14% and .13% of the average net assets of Spartan Total Market Index, Spartan Extended Market Index and Spartan International Index, respectively.

Accounting and Security Lending Fees. FSC maintains each fund's accounting records and administers the security lending program. The security lending fee is based on the number and duration of lending transactions. The accounting fee is based on the level of average net assets for the month plus out-of-pocket expenses.

Brokerage Commissions. Certain funds placed a portion of their portfolio transactions with brokerage firms which are affiliates of FMR. The commissions paid to these affiliated firms are shown under the caption "Other Information" at the end of each applicable fund's schedule of investments.

5. Security Lending.

Certain funds lend portfolio securities from time to time in order to earn additional income. Each applicable fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the funds and any additional required collateral is delivered to the funds on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Cash collateral is invested in cash equivalents. The value of loaned securities and cash collateral at period end are disclosed on each applicable fund's Statement of Assets and Liabilities. Additional information regarding security lending is included under the caption "Other Information" at the end of each applicable fund's schedule of investments.

6. Expense Reductions.

FMR voluntarily agreed to reimburse the fund's operating expenses (excluding interest, taxes, brokerage commissions, extraordinary expenses and sub-advisory fees paid by the fund associated with securities lending) above the following annual rate of average net assets for each of the following funds:

	FMR Expense Limitations	Reimbursement
Spartan Total Market Index	.25%	$ 1,610,235
Spartan Extended Market Index	.25%	$ 946,059
Spartan International Index	.35%	$ 710,357

In addition, through arrangements with the funds' custodian and transfer agent, credits realized as a result of uninvested cash balances were used to reduce a portion of each applicable fund's expenses. For the period, the reductions under these arrangements are shown under the caption "Other Information" on each applicable fund's Statement of Operations.

Annual Report

Report of Independent Accountants

To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index, Spartan Extended Market Index and Spartan International Index:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index, Spartan Extended Market Index and Spartan International Index (funds of Fidelity Concord Street Trust) at February 28, 2001, and the results of their operations, the changes in their net assets and the financial highlights for the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Concord Street Trust's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with auditing standards generally accepted in the United States of America which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2001 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP

Boston, Massachusetts
April 12, 2001

Annual Report

Distributions

The Board of Trustees of Spartan Extended Market Index voted to pay on April 9, 2001, to shareholders of record at the opening of business on April 6, 2001, a distribution of $.37 per share derived from capital gains realized from sales of portfolio securities and a dividend of $.04 per share from net investment income.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

Fund	Pay Date	Income	Taxes
Spartan International Index	12/26/00	$.32	$.03

The fund will notify shareholders in January 2002 of amounts for use in preparing 2001 income tax returns.

Spartan Total Market Index designates 29% and 100%; and Spartan Extended Market Index designates 4% and 16% of the dividends distributed in April and December, respectively during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Each fund hereby designates 100% of the long-term capital gain dividends distributed during the fiscal year as 20%-rate capital gain dividends.

Annual Report

Investment Adviser

Fidelity Management & Research Company
Boston, MA

Investment Sub-Advisers

FMR Co., Inc.
Bankers Trust Company

Officers

Edward C. Johnson 3d, President

Robert C. Pozen, Senior Vice President

Robert A. Lawrence, Vice President

Eric D. Roiter, Secretary

Robert A. Dwight, Treasurer

Maria F. Dwyer, Deputy Treasurer

John H. Costello, Assistant Treasurer

Thomas J. Simpson, Assistant Treasurer

Board of Trustees

J. Michael Cook *

Ralph F. Cox *

Phyllis Burke Davis *

Robert M. Gates *

Edward C. Johnson 3d

Donald J. Kirk *

Marie L. Knowles *

Ned C. Lautenbach *

Peter S. Lynch

Marvin L. Mann *

William O. McCoy *

Robert C. Pozen

Advisory Board

Abigail P. Johnson

William S. Stavropoulos

General Distributor

Fidelity Distributors Corporation
Boston, MA

Transfer and Shareholder Servicing Agent

Fidelity Service Company, Inc.
Boston, MA

Custodian

Bankers Trust Company
New York, NY

* Independent trustees

Fidelity's Index Funds

Spartan Extended Market Index Fund

Spartan International Index Fund

Spartan 500 Index Fund

Spartan Total Market Index Fund

The Fidelity Telephone Connection

Mutual Fund 24-Hour Service

Exchanges/Redemptions
and Account Assistance 1-800-544-6666

Product Information 1-800-544-6666

Retirement Accounts 1-800-544-4774
(8 a.m. - 9 p.m.)

TDD Service 1-800-544-0118
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SIF-ANN-0401-01
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U.S. Bond Index

Contents

Performance: The Bottom Line

Fund Talk: The Manager's Overview

Investment Changes

Investments February 28, 2001

Financial Statements

Notes to Financial Statements

Report of Independent Accountants

Distributions

U.S. Equity Index

Contents

Performance: The Bottom Line

Fund Talk: The Manager's Overview

Investment Changes

Investments February 28, 2001

Financial Statements

Notes to Financial Statements

Report of Independent Accountants

Distributions

Spartan® Total Market Index

Spartan Extended Market Index

Spartan International Index

Contents

President's Message

Performance: The Bottom Line

Fund Talk: The Manager's Overview

Investment Changes

Investments February 28, 2001

Financial Statements

Performance: The Bottom Line

Fund Talk: The Manager's Overview

Investment Changes

Investments February 28, 2001

Financial Statements

Performance: The Bottom Line

Fund Talk: The Manager's Overview

Investment Changes

Investments February 28, 2001

Financial Statements

Notes to Financial Statements

Report of Independent Accountants

Distributions