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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-5251

Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)

Eric D. Roiter, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	February 28
Date of reporting period:	May 31, 2005

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® U.S. Bond Index

May 31, 2005

1.816026.100

UBI-QTLY-0705

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 16.8%
	Principal Amount (000s)		Value (000s)
CONSUMER DISCRETIONARY - 1.6%
Automobiles - 0.6%
Ford Motor Co.:
6.625% 10/1/28	$ 2,235		$ 1,765
7.45% 7/16/31	19,370		16,199
General Motors Corp. 8.375% 7/15/33	19,905		15,249
			33,213
Media - 0.8%
AOL Time Warner, Inc. 7.625% 4/15/31	3,250		4,056
Cox Communications, Inc.:
4.625% 6/1/13	2,400		2,314
7.125% 10/1/12	1,305		1,455
7.75% 11/1/10	6,200		7,020
Liberty Media Corp. 8.25% 2/1/30	6,620		6,451
News America Holdings, Inc. 7.75% 12/1/45	3,160		3,856
News America, Inc. 6.2% 12/15/34	6,115		6,322
Time Warner Entertainment Co. LP 8.375% 7/15/33	10,000		13,245
Time Warner, Inc. 6.625% 5/15/29	3,050		3,392
			48,111
Multiline Retail - 0.2%
Target Corp. 3.375% 3/1/08	11,500		11,298
TOTAL CONSUMER DISCRETIONARY			92,622
CONSUMER STAPLES - 0.4%
Food Products - 0.2%
ConAgra Foods, Inc. 6.7% 8/1/27	4,000		4,646
Unilever Capital Corp. 7.125% 11/1/10	7,000		7,920
			12,566
Tobacco - 0.2%
Altria Group, Inc. 7% 11/4/13	2,765		3,069
Philip Morris Companies, Inc. 7.65% 7/1/08	4,600		5,014
			8,083
TOTAL CONSUMER STAPLES			20,649
ENERGY - 1.5%
Energy Equipment & Services - 0.1%
Petronas Capital Ltd. 7% 5/22/12 (b)	7,900		8,996
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - 1.4%
Amerada Hess Corp.:
6.65% 8/15/11	$ 4,230		$ 4,605
7.125% 3/15/33	3,340		3,830
Canadian Oil Sands Ltd. 4.8% 8/10/09 (b)	7,350		7,396
Empresa Nacional de Petroleo 6.75% 11/15/12 (b)	4,920		5,384
Enterprise Products Operating LP 5.75% 3/1/35 (b)	4,100		3,964
Kinder Morgan Energy Partners LP:
5.125% 11/15/14	2,200		2,211
5.8% 3/15/35	4,260		4,266
Nexen, Inc. 5.875% 3/10/35	9,180		9,062
Pemex Project Funding Master Trust:
6.125% 8/15/08	7,500		7,789
7.375% 12/15/14	5,000		5,603
7.875% 2/1/09 (d)	5,370		5,883
Ras Laffan Liquid Natural Gas Co. Ltd. yankee 8.294% 3/15/14 (b)	4,965		5,906
Talisman Energy, Inc. 5.125% 5/15/15	7,950		8,067
Williams Companies, Inc.:
7.125% 9/1/11	2,190		2,343
7.5% 1/15/31	910		953
			77,262
TOTAL ENERGY			86,258
FINANCIALS - 7.5%
Capital Markets - 1.9%
Bank of New York Co., Inc. 3.4% 3/15/13 (d)	10,000		9,719
Bear Stearns Companies, Inc. 4% 1/31/08	2,935		2,920
Credit Suisse First Boston (USA), Inc. 4.625% 1/15/08	8,965		9,063
Goldman Sachs Group, Inc.:
5.25% 10/15/13	12,685		13,048
6.125% 2/15/33	12,440		13,450
JPMorgan Chase Capital XV 5.875% 3/15/35	15,000		15,206
Lazard LLC 7.125% 5/15/15 (b)	9,680		9,765
Legg Mason, Inc. 6.75% 7/2/08	3,085		3,322
Merrill Lynch & Co., Inc. 4.25% 2/8/10	12,475		12,406
Morgan Stanley 6.6% 4/1/12	10,000		11,072
NationsBank Corp. 6.375% 2/15/08	4,750		5,012
State Street Corp. 7.65% 6/15/10	5,000		5,794
			110,777
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
FINANCIALS - continued
Commercial Banks - 0.9%
Bank of America Corp. 6.25% 4/15/12	$ 2,790		$ 3,067
Corporacion Andina de Fomento 5.2% 5/21/13	3,655		3,706
FleetBoston Financial Corp. 3.85% 2/15/08	7,300		7,242
Korea Development Bank:
3.875% 3/2/09	2,775		2,719
5.75% 9/10/13	5,755		6,110
Mellon Financial Co. 6.7% 3/1/08	5,000		5,328
PNC Funding Corp. 7.5% 11/1/09	7,000		7,861
SouthTrust Corp. 5.8% 6/15/14	4,410		4,719
UnionBanCal Corp. 5.25% 12/16/13	5,420		5,578
Wachovia Bank NA 4.875% 2/1/15	4,260		4,316
			50,646
Consumer Finance - 1.1%
Capital One Bank 5% 6/15/09	7,500		7,610
Ford Motor Credit Co. 7.375% 2/1/11	7,000		6,668
General Motors Acceptance Corp. 5.11% 12/1/14 (d)	10,610		8,613
Household Finance Corp. 4.125% 11/16/09	15,135		14,938
Household International, Inc. 8.875% 2/15/08	9,175		9,482
MBNA Corp. 7.5% 3/15/12	5,960		6,796
Pitney Bowes Credit Corp. 5.75% 8/15/08	6,000		6,336
			60,443
Diversified Financial Services - 1.0%
CC Funding Trust I 6.9% 2/16/07	8,510		8,872
Citigroup, Inc. 4.125% 2/22/10	6,780		6,727
International Lease Finance Corp. 4.375% 11/1/09	7,500		7,494
JPMorgan Chase & Co.:
5.75% 1/2/13	4,500		4,809
6.75% 2/1/11	16,925		18,755
Prime Property Funding II, Inc. 5.125% 6/1/15	7,655		7,631
			54,288
Insurance - 0.6%
Aegon NV 4.75% 6/1/13	9,375		9,381
Axis Capital Holdings Ltd. 5.75% 12/1/14	4,890		5,025
MetLife, Inc. 6.125% 12/1/11	10,000		10,885
Principal Life Global Funding I 6.25% 2/15/12 (b)	2,600		2,869
Prudential Financial, Inc. 4.104% 11/15/06	5,310		5,340
			33,500
Real Estate - 1.6%
Archstone Smith Operating Trust 5.25% 5/1/15	5,500		5,578
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
FINANCIALS - continued
Real Estate - continued
Arden Realty LP:
5.2% 9/1/11	$ 4,080		$ 4,137
7% 11/15/07	5,105		5,434
AvalonBay Communities, Inc. 5% 8/1/07	4,620		4,681
Boston Properties, Inc. 6.25% 1/15/13	6,535		7,094
Camden Property Trust 5.875% 11/30/12	5,960		6,254
CarrAmerica Realty Corp. 5.25% 11/30/07	8,635		8,760
CenterPoint Properties Trust 5.25% 7/15/11	4,500		4,601
Colonial Properties Trust 4.75% 2/1/10	5,535		5,475
Developers Diversified Realty Corp.:
4.625% 8/1/10	8,265		8,180
5.25% 4/15/11	3,175		3,218
EOP Operating LP:
4.65% 10/1/10	2,500		2,488
4.75% 3/15/14	2,465		2,407
7% 7/15/11	5,000		5,581
ProLogis 5.5% 3/1/13	5,085		5,312
Regency Centers LP 4.95% 4/15/14	5,000		4,928
Simon Property Group LP 5.625% 8/15/14	9,475		9,823
			93,951
Thrifts & Mortgage Finance - 0.4%
Countrywide Home Loans, Inc. 4% 3/22/11	5,165		4,976
Independence Community Bank Corp. 3.75% 4/1/14 (d)	4,505		4,335
Washington Mutual, Inc.:
4.375% 1/15/08	5,830		5,845
4.625% 4/1/14	9,150		8,913
			24,069
TOTAL FINANCIALS			427,674
INDUSTRIALS - 0.9%
Aerospace & Defense - 0.3%
Bombardier, Inc.:
6.3% 5/1/14 (b)	7,655		6,736
7.45% 5/1/34 (b)	2,620		2,188
Northrop Grumman Corp. 4.079% 11/16/06	6,000		5,993
			14,917
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
INDUSTRIALS - continued
Airlines - 0.4%
American Airlines, Inc. pass thru trust certificates:
6.855% 10/15/10	$ 954		$ 967
6.978% 10/1/12	1,524		1,564
7.024% 4/15/11	4,945		5,098
Continental Airlines, Inc. pass thru trust certificates:
6.9% 7/2/19	3,406		3,364
7.056% 3/15/11	2,385		2,427
Delta Air Lines, Inc. pass thru trust certificates:
7.57% 11/18/10	9,120		8,604
7.92% 5/18/12	5,000		2,400
			24,424
Industrial Conglomerates - 0.1%
Hutchison Whampoa International 03/13 Ltd. 6.5% 2/13/13 (b)	2,545		2,766
Hutchison Whampoa International 03/33 Ltd. 7.45% 11/24/33 (b)	5,210		6,102
			8,868
Road & Rail - 0.1%
Wisconsin Central Transportation Corp. 6.625% 4/15/08	3,150		3,341
TOTAL INDUSTRIALS			51,550
INFORMATION TECHNOLOGY - 0.2%
Computers & Peripherals - 0.2%
NCR Corp. 7.125% 6/15/09	7,725		8,391
MATERIALS - 0.4%
Metals & Mining - 0.3%
Corporacion Nacional del Cobre (Codelco) 6.375% 11/30/12 (b)	3,200		3,485
Newmont Mining Corp. 5.875% 4/1/35	15,000		15,065
			18,550
Paper & Forest Products - 0.1%
International Paper Co. 5.85% 10/30/12	5,000		5,254
TOTAL MATERIALS			23,804
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
TELECOMMUNICATION SERVICES - 2.4%
Diversified Telecommunication Services - 2.3%
Ameritech Capital Funding Corp. 6.25% 5/18/09	$ 3,985		$ 4,235
AT&T Broadband Corp. 8.375% 3/15/13	4,529		5,548
BellSouth Capital Funding Corp. 7.875% 2/15/30	21,980		28,073
British Telecommunications PLC 8.875% 12/15/30	9,025		12,564
Deutsche Telekom International Finance BV 8.75% 6/15/30	5,425		7,374
France Telecom SA 8% 3/1/11 (a)	5,290		6,154
SBC Communications, Inc.:
6.15% 9/15/34	7,545		8,062
6.45% 6/15/34	9,520		10,546
Sprint Capital Corp. 6.875% 11/15/28	9,365		10,624
Telecom Italia Capital:
4.95% 9/30/14 (b)	1,930		1,905
5.25% 11/15/13	12,200		12,352
Verizon Global Funding Corp.:
7.25% 12/1/10	2,270		2,558
7.75% 12/1/30	13,450		17,161
			127,156
Wireless Telecommunication Services - 0.1%
America Movil SA de CV 4.125% 3/1/09	4,755		4,654
AT&T Wireless Services, Inc. 7.875% 3/1/11	2,555		2,965
			7,619
TOTAL TELECOMMUNICATION SERVICES			134,775
UTILITIES - 1.9%
Electric Utilities - 1.4%
Cleveland Electric Illuminating Co. 5.65% 12/15/13	3,965		4,155
Duke Capital LLC:
4.37% 3/1/09	3,980		3,957
6.25% 2/15/13	1,630		1,752
6.75% 2/15/32	13,235		14,838
Exelon Generation Co. LLC 5.35% 1/15/14	10,000		10,344
FirstEnergy Corp.:
6.45% 11/15/11	3,535		3,844
7.375% 11/15/31	6,920		8,388
Monongahela Power Co. 5% 10/1/06	4,845		4,881
Nonconvertible Bonds - continued
	Principal Amount (000s)		Value (000s)
UTILITIES - continued
Electric Utilities - continued
Progress Energy, Inc. 7.1% 3/1/11	$ 15,880		$ 17,521
TXU Energy Co. LLC 7% 3/15/13	10,135		11,183
			80,863
Independent Power Producers & Energy Traders - 0.2%
Constellation Energy Group, Inc. 7% 4/1/12	10,360		11,669
Multi-Utilities - 0.3%
Dominion Resources, Inc. 6.25% 6/30/12	5,795		6,299
MidAmerican Energy Holdings, Inc. 5.875% 10/1/12	8,975		9,504
			15,803
TOTAL UTILITIES			108,335
TOTAL NONCONVERTIBLE BONDS (Cost $929,630)		954,058
U.S. Government and Government Agency Obligations - 36.6%
U.S. Government Agency Obligations - 8.2%
Fannie Mae:
2.5% 6/15/06	2,200		2,174
3.25% 1/15/08	69,435		68,493
3.25% 8/15/08	48,570		47,587
3.25% 2/15/09	146,470		142,878
3.375% 12/15/08	16,550		16,237
4.625% 5/1/13	48,000		48,180
5.25% 8/1/12	27,000		28,114
5.5% 3/15/11	27,865		29,792
6.25% 2/1/11	3,770		4,119
Freddie Mac:
4% 6/12/13	20,038		19,419
5.75% 1/15/12	25,000		27,298
5.875% 3/21/11	11,960		12,893
6.75% 3/15/31	4,035		5,242
Government Loan Trusts (assets of Trust guaranteed by U.S. Government through Agency for International Development) Series 1-B, 8.5% 4/1/06	484		498
Overseas Private Investment Corp. U.S. Government guaranteed participation certificates Series 1998-196A, 5.926% 6/15/05	233		233
U.S. Government and Government Agency Obligations - continued
	Principal Amount (000s)		Value (000s)
U.S. Government Agency Obligations - continued
U.S. Department of Housing and Urban Development Government guaranteed participation certificates Series 1999-A:
5.75% 8/1/06	$ 7,500		$ 7,680
5.96% 8/1/09	3,600		3,782
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS			464,619
U.S. Treasury Inflation Protected Obligations - 3.8%
U.S. Treasury Inflation-Indexed Bonds 2.375% 1/15/25	20,505		22,505
U.S. Treasury Inflation-Indexed Notes:
0.875% 4/15/10	25,502		25,008
2% 1/15/14	162,111		167,754
TOTAL U.S. TREASURY INFLATION PROTECTED OBLIGATIONS			215,267
U.S. Treasury Obligations - 24.6%
U.S. Treasury Bonds:
6.25% 5/15/30	128,345		164,206
8% 11/15/21	44,717		63,863
U.S. Treasury Notes:
3.125% 4/15/09	207,300		203,065
3.375% 10/15/09	265,570		261,742
3.625% 4/30/07	592,223		592,499
4.25% 8/15/13	41,885		42,824
4.75% 5/15/14	67,440		71,270
TOTAL U.S. TREASURY OBLIGATIONS			1,399,469
TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $2,051,232)		2,079,355
U.S. Government Agency - Mortgage Securities - 31.2%
Fannie Mae - 25.7%
3.737% 1/1/35 (d)	1,413		1,408
3.793% 6/1/34 (d)	4,071		4,025
3.827% 12/1/34 (d)	270		270
3.83% 1/1/35 (d)	1,000		998
3.836% 6/1/33 (d)	701		697
3.84% 1/1/35 (d)	2,711		2,716
U.S. Government Agency - Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
Fannie Mae - continued
3.87% 1/1/35 (d)	$ 1,618		$ 1,616
3.913% 12/1/34 (d)	893		891
3.941% 10/1/34 (d)	1,235		1,231
3.98% 1/1/35 (d)	1,228		1,224
3.984% 5/1/33 (d)	321		322
3.987% 12/1/34 (d)	1,174		1,170
4% 8/1/18 to 5/1/19	36,499		35,731
4% 6/1/20 (c)	99,786		97,510
4% 1/1/35 (d)	769		767
4.017% 12/1/34 (d)	6,477		6,517
4.021% 12/1/34 (d)	975		972
4.023% 2/1/35 (d)	855		854
4.029% 1/1/35 (d)	408		409
4.037% 12/1/34 (d)	627		630
4.048% 1/1/35 (d)	834		833
4.052% 2/1/35 (d)	823		822
4.055% 10/1/18 (d)	1,034		1,032
4.057% 5/1/34 (d)	446		448
4.072% 12/1/34 (d)	1,688		1,688
4.079% 4/1/33 (d)	338		340
4.105% 1/1/35 (d)	1,810		1,820
4.115% 2/1/35 (d)	620		622
4.118% 1/1/35 (d)	1,822		1,825
4.118% 2/1/35 (d)	596		598
4.12% 2/1/35 (d)	1,643		1,647
4.127% 1/1/35 (d)	1,802		1,814
4.128% 2/1/35 (d)	3,310		3,319
4.144% 1/1/35 (d)	2,473		2,479
4.145% 2/1/35 (d)	1,994		2,004
4.151% 1/1/35 (d)	3,028		3,037
4.162% 2/1/35 (d)	1,655		1,662
4.17% 11/1/34 (d)	1,606		1,609
4.197% 1/1/35 (d)	1,556		1,565
4.2% 1/1/35 (d)	3,457		3,490
4.202% 1/1/35 (d)	1,893		1,895
4.23% 11/1/34 (d)	480		483
4.232% 3/1/34 (d)	911		915
4.25% 2/1/35 (d)	962		962
4.269% 10/1/34 (d)	2,550		2,577
4.293% 3/1/35 (d)	917		922
4.305% 8/1/33 (d)	2,130		2,156
U.S. Government Agency - Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
Fannie Mae - continued
4.305% 7/1/34 (d)	$ 892		$ 899
4.318% 3/1/33 (d)	473		473
4.319% 5/1/35 (d)	1,446		1,454
4.324% 12/1/34 (d)	639		642
4.349% 2/1/35 (d)	634		637
4.351% 1/1/35 (d)	944		947
4.357% 1/1/35 (d)	990		999
4.368% 2/1/34 (d)	2,407		2,415
4.4% 2/1/35 (d)	1,497		1,484
4.455% 3/1/35 (d)	1,300		1,305
4.484% 10/1/34 (d)	5,527		5,601
4.493% 8/1/34 (d)	3,278		3,298
4.499% 3/1/35 (d)	2,872		2,896
4.5% 6/1/20 (c)	16,500		16,423
4.5% 3/1/33 to 4/1/35	116,516		113,747
4.5% 5/1/35 (d)	1,000		1,010
4.53% 3/1/35 (d)	2,665		2,672
4.549% 8/1/34 (d)	2,051		2,073
4.572% 2/1/35 (d)	6,852		6,947
4.587% 2/1/35 (d)	8,485		8,547
4.625% 2/1/35 (d)	2,914		2,941
4.639% 2/1/35 (d)	843		856
4.67% 11/1/34 (d)	3,442		3,472
4.694% 11/1/34 (d)	3,372		3,399
4.725% 3/1/35 (d)	8,822		8,978
4.742% 3/1/35 (d)	1,617		1,638
4.748% 7/1/34 (d)	3,062		3,075
4.815% 8/1/32 (d)	1,575		1,605
5% 1/1/17 to 6/1/19	97,367		98,574
5% 6/1/20 (c)	21,813		22,059
5% 6/1/35 (c)	115,000		114,892
5% 6/1/35 (c)	25,000		24,977
5% 6/1/35 (c)	16,130		16,115
5% 6/1/35 (c)	3,356		3,353
5% 6/1/35 (c)	91,518		91,432
5.5% 1/1/09 to 11/1/33	135,913		138,867
5.5% 6/1/35 (c)	318,813		323,296
6% 8/1/13 to 3/1/33	107,277		110,790
6% 6/1/35 (c)	23,696		24,356
6.5% 4/1/13 to 2/1/33	71,127		74,099
6.5% 6/1/35 (c)	57		60
U.S. Government Agency - Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
Fannie Mae - continued
7% 3/1/15 to 2/1/29	$ 2,488		$ 2,630
7.5% 1/1/08 to 2/1/32	9,157		9,798
8% 11/1/08 to 6/1/30	191		205
8.5% 6/1/17 to 8/1/23	340		370
9.5% 12/1/09 to 9/1/21	362		388
10.75% 9/1/10 to 5/1/14	45		50
11.25% 5/1/14	4		5
11.5% 8/1/14	12		13
13.5% 11/1/14	10		12
14% 3/1/12	27		30
TOTAL FANNIE MAE			1,459,326
Freddie Mac - 4.1%
4% 6/1/20 (c)	100,000		97,719
4.232% 1/1/35 (d)	1,562		1,565
4.307% 3/1/35 (d)	1,410		1,415
4.307% 5/1/35 (d)	2,475		2,485
4.314% 12/1/34 (d)	1,422		1,424
4.364% 1/1/35 (d)	3,499		3,524
4.37% 3/1/35 (d)	1,950		1,947
4.401% 2/1/35 (d)	2,699		2,696
4.434% 2/1/35 (d)	3,143		3,155
4.441% 2/1/34 (d)	1,619		1,622
4.444% 3/1/35 (d)	1,225		1,227
4.491% 3/1/35 (d)	3,639		3,645
4.497% 6/1/35 (d)	2,000		2,018
4.504% 3/1/35 (d)	1,450		1,455
4.564% 2/1/35 (d)	2,128		2,146
5.034% 4/1/35 (d)	8,250		8,385
5.098% 8/1/33 (d)	683		690
5.5% 12/1/17	7,598		7,809
6% 4/1/28 to 1/1/34	66,260		68,204
6.5% 8/1/32	6,203		6,447
7% 4/1/32	7,951		8,386
7.5% 9/1/15 to 6/1/32	1,825		1,959
8% 7/1/16 to 4/1/32	1,383		1,493
8.5% 9/1/19 to 1/1/28	260		284
9% 10/1/16	38		41
9.5% 10/1/08 to 8/1/30	192		208
10.5% 5/1/09 to 12/1/15	24		26
11% 8/1/15 to 9/1/20	295		332
U.S. Government Agency - Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
Freddie Mac - continued
11.5% 10/1/15	$ 7		$ 8
11.75% 9/1/13	19		21
12% 2/1/13 to 7/1/15	15		16
13.5% 12/1/14	42		48
TOTAL FREDDIE MAC			232,400
Government National Mortgage Association - 1.4%
6% 12/15/08 to 12/20/33	25,571		26,389
6.5% 6/15/23 to 7/15/34	17,271		18,116
7% 12/15/22 to 10/15/32	21,888		23,216
7.5% 2/15/17 to 1/15/32	6,693		7,194
8% 7/15/18 to 6/15/28	2,087		2,261
8.5% 11/15/05 to 12/15/30	383		417
9.5% 3/15/23	15		16
10.5% 5/20/16 to 1/20/18	315		357
TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION			77,966
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES (Cost $1,752,576)		1,769,692
Asset-Backed Securities - 2.1%
ACE Securities Corp. Series 2005-SD1 Class A1, 3.49% 11/25/50 (d)	2,681		2,682
AmeriCredit Automobile Receivables Trust:
Series 2001-B Class A4, 5.37% 6/12/08	1,903		1,913
Series 2003-BX Class A4B, 3.47% 1/6/10 (d)	3,680		3,694
Amortizing Residential Collateral Trust Series 2003-BC1 Class M2, 4.19% 1/25/32 (d)	1,242		1,247
Capital Auto Receivables Asset Trust Series 2002-5 Class B, 2.8% 4/15/08	2,255		2,239
Capital One Multi-Asset Execution Trust:
Series 2003-B2 Class B2, 3.5% 2/17/09	6,645		6,619
Series 2003-B4 Class B4, 3.89% 7/15/11 (d)	5,910		6,012
Series 2004-6 Class B, 4.15% 7/16/12	7,720		7,689
Citibank Credit Card Issuance Trust Series 2002-C1 Class C1, 4.2185% 2/9/09 (d)	12,000		12,141
Countrywide Home Loans, Inc. Series 2005-1:
Class MV1, 3.49% 7/25/35 (d)	2,810		2,811
Class MV2, 3.53% 7/25/35 (d)	3,375		3,376
Asset-Backed Securities - continued
	Principal Amount (000s)		Value (000s)
Countrywide Home Loans, Inc. Series 2005-1: - continued
Class MV3, 3.57% 7/25/35 (d)	$ 1,395		$ 1,396
Discover Card Master Trust I Series 2003-4 Class B1, 3.42% 5/16/11 (d)	7,360		7,402
Fremont Home Loan Trust:
Series 2004-A:
Class M1, 3.64% 1/25/34 (d)	3,950		3,965
Class M2, 4.24% 1/25/34 (d)	4,600		4,659
Series 2005-A:
Class M1, 3.52% 1/25/35 (d)	1,475		1,477
Class M2, 3.55% 1/25/35 (d)	2,125		2,128
Class M3, 3.58% 1/25/35 (d)	1,150		1,153
Household Private Label Credit Card Master Note Trust I Series 2002-3 Class B, 4.34% 9/15/09 (d)	5,835		5,856
MBNA Credit Card Master Note Trust:
Series 2002-B1 Class B1, 5.15% 7/15/09	4,750		4,828
Series 2003-B3 Class B3, 3.465% 1/18/11 (d)	5,025		5,050
Series 2003-B5 Class B5, 3.46% 2/15/11 (d)	2,010		2,026
National Collegiate Student Loan Trust Series 2005-GT1 Class AIO, 6.75% 12/25/09 (f)	3,800		1,045
Park Place Securities, Inc. Series 2005-WCH1 Class M2, 3.61% 1/25/35 (d)	3,700		3,706
Superior Wholesale Inventory Financing Trust VII Series 2003-A8 Class CTFS, 3.54% 3/15/11 (b)(d)	6,165		6,170
Triad Auto Receivables Owner Trust Series 2002-A Class A4, 3.24% 8/12/09	7,625		7,593
WFS Financial Owner Trust Series 2004-3 Class A4, 3.93% 2/17/12	9,505		9,444
TOTAL ASSET-BACKED SECURITIES (Cost $117,973)		118,321
Collateralized Mortgage Obligations - 2.5%
Private Sponsor - 1.1%
Adjustable Rate Mortgage Trust floater:
Series 2005-1 Class 5A2, 3.42% 5/25/35 (d)	6,218		6,228
Series 2005-2 Class 6A2, 3.37% 6/25/35 (d)	3,075		3,078
Bear Stearns Alt-A Trust floater Series 2005-1 Class A1, 3.37% 1/25/35 (d)	7,584		7,584
CS First Boston Mortgage Securities Corp. floater Series 2004-AR3 Class 6A2, 3.46% 4/25/34 (d)	2,304		2,307
Collateralized Mortgage Obligations - continued
	Principal Amount (000s)		Value (000s)
Private Sponsor - continued
Impac CMB Trust floater Series 2005-2 Class 1A2, 3.4% 4/25/35 (d)	$ 2,974		$ 2,974
Master Alternative Loan Trust Series 2004-3 Class 3A1, 6% 4/25/34	1,390		1,414
Merrill Lynch Mortgage Investors, Inc. floater Series 2005-B Class A2, 3.7225% 6/25/30 (d)	10,215		10,215
Residential Asset Mortgage Products, Inc. sequential pay Series 2004-SL2 Class A1, 6.5% 10/25/16	1,367		1,400
Sequoia Mortgage Trust floater Series 2005-2 Class A2, 3.36% 3/20/35 (d)	9,901		9,901
Wells Fargo Mortgage Backed Securities Trust:
Series 2005-AR10 Class 2A2, 4.111% 6/25/65 (d)	13,000		12,903
Series 2005-AR9 Class 2A1, 4.362% 5/25/35 (d)	6,247		6,254
TOTAL PRIVATE SPONSOR			64,258
U.S. Government Agency - 1.4%
Fannie Mae guaranteed REMIC pass thru certificates planned amortization class:
Series 2003-83 Class TH, 4.5% 11/25/16	11,450		11,442
Series 2004-81 Class KD, 4.5% 7/25/18	7,951		7,893
Freddie Mac Multi-class participation certificates guaranteed planned amortization class:
Series 2677 Class C, 4.5% 6/15/15	5,405		5,429
Series 2702 Class WB, 5% 4/15/17	9,605		9,775
Series 2728 Class NE, 4.5% 7/15/17	8,910		8,867
Series 2828 Class JD, 4.5% 8/15/17	26,223		26,070
Series 2885 Class PC, 4.5% 3/15/18	7,765		7,781
TOTAL U.S. GOVERNMENT AGENCY			77,257
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $141,611)		141,515
Commercial Mortgage Securities - 3.8%
Banc of America Commercial Mortgage, Inc. sequential pay Series 2000-2 Class A2, 7.197% 9/15/32	3,200		3,562
Bayview Commercial Asset Trust floater Series 2004-3:
Class A1, 3.46% 1/25/35 (b)(d)	6,411		6,423
Class A2, 3.51% 1/25/35 (b)(d)	923		925
Class M1, 3.59% 1/25/35 (b)(d)	1,069		1,070
Class M2, 4.09% 1/25/35 (b)(d)	680		682
Commercial Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
Bear Stearns Commercial Mortgage Securities, Inc. sequential pay Series 2003-PWR2 Class A3, 4.834% 5/11/39	$ 3,760		$ 3,829
Chase Commercial Mortgage Securities Corp. Series 2001-245 Class A2, 6.4842% 2/12/16 (b)(d)	3,425		3,742
Chase Manhattan Bank-First Union National Bank Commercial Mortgage Trust sequential pay Series 1999-1 Class A2, 7.439% 8/15/31	5,000		5,570
COMM:
floater Series 2002-FL7 Class D, 3.66% 11/15/14 (b)(d)	2,170		2,172
Series 2004-LBN2 Class X2, 1.2403% 3/10/39 (b)(d)(f)	14,499		566
CS First Boston Mortgage Securities Corp.:
floater Series 2003-TF2A Class A2, 3.41% 11/15/14 (b)(d)	7,500		7,504
sequential pay:
Series 1997-C2:
Class A2, 6.52% 1/17/35	1,593		1,613
Class A3, 6.55% 1/17/35	4,180		4,398
Series 1999-C1 Class A2, 7.29% 9/15/41	9,450		10,399
Series 2004-C1 Class A3, 4.321% 1/15/37	4,485		4,450
Series 1998-C1 Class C, 6.78% 5/17/40	9,200		9,941
Series 2004-C1 Class ASP, 1.1076% 1/15/37 (b)(d)(f)	69,296		2,630
Deutsche Mortgage & Asset Receiving Corp. sequential pay Series 1998-C1 Class D, 7.231% 6/15/31	3,430		3,702
DLJ Commercial Mortgage Corp. sequential pay:
Series 1998-CF1 Class A1B, 6.41% 2/18/31	4,988		5,224
Series 1998-CG1 Class A1B, 6.41% 6/10/31	6,027		6,362
Series 2000-CF1 Class A1B, 7.62% 6/10/33	7,200		8,174
EQI Financing Partnership I LP Series 1997-1 Class B, 7.37% 12/20/15 (b)	1,742		1,810
Fannie Mae sequential pay Series 1999-10 Class MZ, 6.5% 9/17/38	12,082		13,275
First Union-Lehman Brothers Commercial Mortgage Trust sequential pay Series 1997-C2 Class A3, 6.65% 11/18/29	1,756		1,840
GGP Mall Properties Trust sequential pay Series 2001-C1A Class A2, 5.007% 11/15/11 (b)	6,290		6,373
Ginnie Mae guaranteed REMIC pass thru securities sequential pay Series 2003-22 Class B, 3.963% 5/16/32	7,330		7,175
GS Mortgage Securities Corp. II sequential pay:
Series 2001-LIBA Class A2, 6.615% 2/14/16 (b)	6,150		6,824
Commercial Mortgage Securities - continued
	Principal Amount (000s)		Value (000s)
GS Mortgage Securities Corp. II sequential pay: - continued
Series 2003-C1 Class A2A, 3.59% 1/10/40	$ 7,620		$ 7,536
Heller Financial Commercial Mortgage Asset Corp. sequential pay Series 2000-PH1 Class A1, 7.715% 1/17/34	1,690		1,767
LB Commercial Conduit Mortgage Trust sequential pay Series 1999-C1 Class A2, 6.78% 6/15/31	5,000		5,411
LB-UBS Commercial Mortgage Trust sequential pay:
Series 2000-C3 Class A2, 7.95% 1/15/10	4,450		5,093
Series 2001-C3 Class A1, 6.058% 6/15/20	6,698		6,987
Series 2001-C7 Class A2, 5.533% 12/15/25	10,000		10,257
Leafs CMBS I Ltd./Leafs CMBS I Corp. Series 2002-1A:
Class B, 4.13% 11/20/37 (b)	5,440		5,099
Class C, 4.13% 11/20/37 (b)	5,540		4,987
Morgan Stanley Capital I, Inc.:
sequential pay Series 2004-HQ3 Class A2, 4.05% 1/13/41	4,520		4,467
Series 2005-IQ9 Class X2, 1.0828% 7/15/56 (b)(d)(f)	63,215		3,319
Mortgage Capital Funding, Inc. sequential pay Series 1998-MC2 Class A2, 6.423% 6/18/30	5,138		5,408
Prudential Securities Secured Financing Corp. sequential pay Series 1998-C1 Class A1B, 6.506% 7/15/08	5,000		5,268
Salomon Brothers Mortgage Securities VII, Inc. sequential pay Series 2000-C3 Class A2, 6.592% 12/18/33	8,115		8,867
Trizechahn Office Properties Trust Series 2001-TZHA Class E3, 7.253% 3/15/13 (b)	6,150		6,448
Wachovia Bank Commercial Mortgage Trust sequential pay Series 2003-C6 Class A2, 4.498% 8/15/35	7,280		7,318
TOTAL COMMERCIAL MORTGAGE SECURITIES (Cost $217,156)		218,467
Foreign Government and Government Agency Obligations - 1.0%
Chilean Republic 7.125% 1/11/12	7,625		8,743
Israeli State 4.625% 6/15/13	1,735		1,710
Korean Republic 4.875% 9/22/14	4,080		4,101
United Mexican States:
5.875% 1/15/14	2,770		2,881
6.375% 1/16/13	5,570		5,960
Foreign Government and Government Agency Obligations - continued
	Principal Amount (000s)		Value (000s)
United Mexican States: - continued
6.75% 9/27/34	$ 5,495		$ 5,805
7.5% 4/8/33	24,061		27,598
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $51,467)		56,798
Supranational Obligations - 0.1%
Corporacion Andina de Fomento 6.875% 3/15/12 (Cost $3,369)	3,405		3,790
Fixed-Income Funds - 10.0%
	Shares
Fidelity Ultra-Short Central Fund (e) (Cost $570,050)	5,720,687		569,323
Cash Equivalents - 9.7%
	Maturity Amount (000s)
Investments in repurchase agreements (Collateralized by U.S. Government Obligations, in a joint trading account at 3.07%, dated 5/31/05 due 6/1/05) (Cost $549,134)	$ 549,181		549,134
TOTAL INVESTMENT PORTFOLIO - 113.8% (Cost $6,384,198)			6,460,453
NET OTHER ASSETS - (13.8)%			(783,926)
NET ASSETS - 100%		$ 5,676,527

Swap Agreements
	Expiration Date	Notional Amount (000s)	Value (000s)
Credit Default Swap
Receive quarterly notional amount multiplied by .38% and pay Merrill Lynch, Inc. upon default event of EnCana Corp., par value of the notional amount of EnCana Corp. 4.75% 10/15/13	March 2009	$ 5,500	$ 15
Receive quarterly notional amount multiplied by .38% and pay Merrill Lynch, Inc. upon default event of EnCana Corp., par value of the notional amount of EnCana Corp. 4.75% 10/15/13	March 2009	2,200	6
Receive quarterly notional amount multiplied by .41% and pay Merrill Lynch, Inc. upon default event of Talisman Energy, Inc., par value of the notional amount of Talisman Energy, Inc. 7.25% 10/15/27	March 2009	4,100	24
Receive quarterly notional amount multiplied by .53% and pay Lehman Brothers, Inc. upon default event of Tyco International Group SA, par value of the notional amount of Tyco International Group SA yankee 6.375% 10/15/11	June 2010	5,000	7
Receive quarterly notional amount multiplied by .59% and pay Merrill Lynch, Inc. upon default event of Raytheon Co., par value of the notional amount of Raytheon Co. 6.55% 3/15/10	March 2009	10,000	98
TOTAL CREDIT DEFAULT SWAP		26,800	150
Interest Rate Swap
Receive quarterly a fixed rate equal to 3.2955% and pay quarterly a floating rate based on 3-month LIBOR with Morgan Stanley, Inc.	Feb. 2006	45,000	(121)
Recieve quarterly a fixed rate equal to 2.83852% and pay quarterly a floating rate based on 3-month LIBOR with Credit Suisse First Boston	Oct. 2006	55,000	(762)
TOTAL INTEREST RATE SWAP		100,000	(883)
Swap Agreements - continued
	Expiration Date	Notional Amount (000s)	Value (000s)
Total Return Swap
Receive Monthly a return equal to Banc of America Securities LLC AAA 10 Yr Commercial Mortgage Backed Securities Daily Index and pay monthly a floating rate based on 1-month LIBOR minus 40 basis points with Bank of America	March 2006	$ 17,925	$ 0
Receive monthly a return equal to Lehman Brothers CMBS AAA 8.5+ Index and pay monthly a floating rate based on 1-month LIBOR minus 45 basis points with Lehman Brothers, Inc.	July 2005	5,425	88
Receive quarterly a return equal to Banc of America Securities LLC AAA 10 Yr Commercial Mortgage Backed Securities Daily Index and pay quarterly a floating rate based on 3-month LIBOR minus 40 basis points with Bank of America	Nov. 2005	20,000	237
Receive quarterly a return equal to Banc of America Securities LLC AAA 10Yr Commercial Mortgage Backed Securities Daily Index and pay quarterly a floating rate based on 3-month LIBOR minus 27 basis points with Bank of America	June 2005	17,925	451
Receive quarterly a return equal to Banc of America Securities LLC AAA 10Yr Commercial Mortgage Backed Securities Daily Index and pay quarterly a floating rate based on 3-month LIBOR minus 30 basis points with Bank of America	July 2005	17,925	298
TOTAL TOTAL RETURN SWAP		79,200	1,074
		$ 206,000	$ 341

Legend

(a) 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.

(b) 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 $134,206,000 or 2.4% of net assets.

(c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(e) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. A complete listing of the fund's holdings as of its most recent quarter end is available upon request.

(f) Security represents right to receive monthly interest payments on an underlying pool of mortgages. Principal shown is the par amount of the mortgage pool.

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $6,382,424,000. Net unrealized appreciation aggregated $78,029,000, of which $103,785,000 related to appreciated investment securities and $25,756,000 related to depreciated investment securities.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. Fidelity assumes no obligation to update or supplement the schedule to reflect any changes that may occur. This report is provided for the general information of the fund's shareholders. Click on the appropriate link to view the fund's audited schedule of investments included in its annual report or contact your investment professional to request a free copy.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

The following is a complete listing of investments for Fidelity's
fixed-income central fund as of May 31, 2005 which is an
investment of Fidelity U.S. Bond Index Fund.

Fidelity Ultra-Short Central Fund

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 4.0%
	Principal Amount		Value
CONSUMER DISCRETIONARY - 1.0%
Auto Components - 0.3%
DaimlerChrysler NA Holding Corp.:
3.45% 9/10/07 (e)	$ 16,665,000		$ 16,566,560
3.8938% 5/24/06 (e)	4,700,000		4,710,885
			21,277,445
Media - 0.7%
Continental Cablevision, Inc. 8.3% 5/15/06	8,000,000		8,313,616
Cox Communications, Inc. (Reg. S) 3.55% 12/14/07 (e)	12,140,000		12,205,143
Liberty Media Corp. 4.51% 9/17/06 (e)	11,471,000		11,527,093
Time Warner, Inc. 7.75% 6/15/05	7,500,000		7,510,980
			39,556,832
TOTAL CONSUMER DISCRETIONARY			60,834,277
ENERGY - 0.2%
Oil, Gas & Consumable Fuels - 0.2%
Valero Energy Corp. 7.375% 3/15/06	11,550,000		11,816,089
FINANCIALS - 0.9%
Capital Markets - 0.2%
State Street Capital Trust II 3.7681% 2/15/08 (e)	10,000,000		10,022,830
Commercial Banks - 0.3%
Wells Fargo & Co. 3% 3/10/08 (e)	16,600,000		16,592,895
Consumer Finance - 0.2%
General Motors Acceptance Corp. 4.3948% 10/20/05 (e)	14,765,000		14,744,772
Real Estate - 0.0%
Regency Centers LP 7.125% 7/15/05	700,000		703,134
Thrifts & Mortgage Finance - 0.2%
Countrywide Financial Corp. 3.29% 4/11/07 (e)	11,025,000		11,028,660
TOTAL FINANCIALS			53,092,291
TELECOMMUNICATION SERVICES - 1.5%
Diversified Telecommunication Services - 1.4%
British Telecommunications PLC 7.875% 12/15/05	18,145,000		18,546,567
Deutsche Telekom International Finance BV 8.25% 6/15/05	16,638,000		16,664,970
France Telecom SA 7.45% 3/1/06 (a)	5,600,000		5,747,778
GTE Corp. 6.36% 4/15/06	9,000,000		9,180,315
SBC Communications, Inc. 4.389% 6/5/06 (b)	15,315,000		15,375,961
Nonconvertible Bonds - continued
	Principal Amount		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
Sprint Capital Corp. 4.78% 8/17/06	$ 6,000,000		$ 6,048,546
Telefonica Europe BV 7.35% 9/15/05	4,500,000		4,545,234
TELUS Corp. yankee 7.5% 6/1/07	6,500,000		6,893,744
			83,003,115
Wireless Telecommunication Services - 0.1%
AT&T Wireless Services, Inc. 7.35% 3/1/06	5,500,000		5,639,546
TOTAL TELECOMMUNICATION SERVICES			88,642,661
UTILITIES - 0.4%
Electric Utilities - 0.2%
Pinnacle West Energy Corp. 3.63% 4/1/07 (b)(e)	12,800,000		12,797,018
Gas Utilities - 0.2%
NiSource Finance Corp. 7.625% 11/15/05	9,250,000		9,407,352
TOTAL UTILITIES			22,204,370
TOTAL NONCONVERTIBLE BONDS (Cost $237,078,620)		236,589,688
U.S. Government Agency Obligations - 0.0%
Freddie Mac 0% 6/30/05 (d) (Cost $997,608)	1,000,000		997,591
Asset-Backed Securities - 36.6%
Accredited Mortgage Loan Trust:
Series 2004-2 Class A2, 3.39% 7/25/34 (e)	8,704,285		8,728,201
Series 2004-3 Class 2A4, 3.44% 10/25/34 (e)	10,915,000		10,962,604
Series 2004-4 Class A2D, 3.44% 1/25/35 (e)	3,850,647		3,861,549
Series 2005-1:
Class M1, 3.56% 4/25/35 (e)	11,280,000		11,294,296
Class M2, 3.78% 4/25/35 (e)	5,275,000		5,288,325
ACE Securities Corp.:
Series 2002-HE1 Class M1, 3.74% 6/25/32 (e)	1,842,987		1,861,150
Series 2002-HE2 Class M1, 3.94% 8/25/32 (e)	21,525,000		21,618,821
Series 2003-FM1 Class M2, 4.94% 11/25/32 (e)	3,015,000		3,060,246
Series 2003-HS1:
Class M1, 3.84% 6/25/33 (e)	800,000		804,448
Class M2, 4.84% 6/25/33 (e)	856,000		872,245
Asset-Backed Securities - continued
	Principal Amount		Value
ACE Securities Corp.: - continued
Series 2003-NC1 Class M1, 3.87% 7/25/33 (e)	$ 1,600,000		$ 1,614,593
Series 2004-HE1:
Class M1, 3.59% 2/25/34 (e)	2,193,000		2,193,656
Class M2, 4.19% 2/25/34 (e)	2,475,000		2,476,166
Series 2004-OP1:
Class M1, 3.61% 4/25/34 (e)	4,420,000		4,424,495
Class M2, 4.14% 4/25/34 (e)	6,240,000		6,251,314
Series 2005-HE2:
Class M1, 3.53% 4/25/35 (e)	1,530,000		1,530,653
Class M2, 3.54% 4/25/35 (e)	1,803,000		1,803,756
Class M3, 3.57% 4/25/35 (e)	1,040,000		1,040,887
Class M4, 3.73% 4/25/35 (e)	1,340,000		1,341,134
Series 2005-HE3:
Class A2A, 3.19% 5/25/35 (e)	8,586,151		8,586,671
Class A2B, 3.3% 5/25/35 (e)	4,370,000		4,371,062
Series 2005-SD1 Class A1, 3.49% 11/25/50 (e)	3,013,901		3,014,776
Aesop Funding II LLC Series 2005-1A Class A2, 3.15% 4/20/09 (b)(e)	8,800,000		8,786,272
American Express Credit Account Master Trust:
Series 2002-4 Class B, 3.4% 2/15/08 (e)	10,000,000		10,002,690
Series 2002-6 Class B, 3.54% 3/15/10 (e)	5,000,000		5,034,405
Series 2004-1 Class B, 3.34% 9/15/11 (e)	5,775,000		5,799,447
Series 2004-C Class C, 3.59% 2/15/12 (b)(e)	17,992,640		18,032,589
Series 2005-1 Class A, 3.12% 10/15/12 (e)	15,455,000		15,475,554
AmeriCredit Automobile Receivables Trust:
Series 2002-EM Class A4A, 3.67% 6/8/09	25,000,000		24,973,703
Series 2003-AM:
Class A3B, 3.46% 6/6/07 (e)	1,739,185		1,739,824
Class A4B, 3.56% 11/6/09 (e)	12,400,000		12,451,293
Series 2003-BX Class A4B, 3.47% 1/6/10 (e)	3,265,000		3,277,680
Series 2003-CF Class A3, 2.75% 10/9/07	15,763,851		15,720,070
Series 2005-1 Class C, 4.73% 7/6/10	15,500,000		15,624,000
Ameriquest Mortgage Securities, Inc.:
Series 2002-3 Class M1, 3.79% 8/25/32 (e)	3,740,753		3,770,500
Series 2002-AR1 Class M2, 4.39% 9/25/32 (e)	1,569,266		1,571,001
Series 2003-1:
Class A2, 3.5% 2/25/33 (e)	762,392		762,902
Class M1, 3.99% 2/25/33 (e)	3,330,000		3,357,014
Series 2003-3:
Class M1, 3.89% 3/25/33 (e)	1,564,902		1,583,675
Class S, 5% 9/25/05 (f)	4,457,447		53,917
Asset-Backed Securities - continued
	Principal Amount		Value
Ameriquest Mortgage Securities, Inc.: - continued
Series 2003-6:
Class AV3, 3.41% 8/25/33 (e)	$ 323,948		$ 324,001
Class M1, 3.85% 8/25/33 (e)	7,560,000		7,620,295
Class M2, 4.94% 5/25/33 (e)	2,750,000		2,813,141
Series 2003-AR1 Class M1, 4.24% 1/25/33 (e)	7,000,000		7,082,723
Series 2004-R2:
Class M1, 3.52% 4/25/34 (e)	1,230,000		1,229,976
Class M2, 3.57% 4/25/34 (e)	950,000		949,981
Class M3, 3.64% 4/25/34 (e)	3,500,000		3,499,931
Class M4, 4.14% 4/25/34 (e)	4,500,000		4,499,906
Series 2004-R9 Class A3, 3.41% 10/25/34 (e)	9,340,000		9,365,155
Series 2005-R1:
Class M1, 3.54% 3/25/35 (e)	5,710,000		5,712,304
Class M2, 3.57% 3/25/35 (e)	1,925,000		1,925,761
Series 2005-R2 Class M1, 3.54% 4/25/35 (e)	12,500,000		12,474,271
Amortizing Residential Collateral Trust:
Series 2002-BC3 Class A, 3.42% 6/25/32 (e)	2,411,175		2,421,003
Series 2002-BC6 Class M1, 3.84% 8/25/32 (e)	24,900,000		25,118,226
Series 2002-BC7:
Class M1, 3.82% 10/25/32 (e)	10,000,000		10,096,880
Class M2, 3.99% 10/25/32 (e)	5,575,000		5,616,417
Series 2003-BC1 Class M2, 4.19% 1/25/32 (e)	1,387,880		1,392,884
ARG Funding Corp.:
Series 2005-1A Class A2, 3.19% 4/20/09 (b)(e)	11,000,000		11,000,000
Series 2005-2A Class A2, 3.1% 5/20/09 (b)(e)	5,200,000		5,200,000
Argent Securities, Inc.:
Series 2003-W3 Class M2, 4.89% 9/25/33 (e)	20,000,000		20,641,258
Series 2003-W7 Class A2, 3.48% 3/1/34 (e)	5,112,276		5,123,744
Series 2004-W5 Class M1, 3.69% 4/25/34 (e)	3,960,000		3,964,863
Series 2004-W7:
Class M1, 3.64% 5/25/34 (e)	4,085,000		4,084,917
Class M2, 3.69% 5/25/34 (e)	3,320,000		3,319,933
Asset Backed Securities Corp. Home Equity Loan Trust:
Series 2002-HE2 Class M2, 4.22% 8/15/32 (e)	978,000		980,537
Series 2003-HE2:
Class A2, 3.47% 4/15/33 (e)	1,719,593		1,720,633
Class M1, 3.99% 4/15/33 (e)	9,000,000		9,057,879
Series 2003-HE3:
Class M1, 3.92% 6/15/33 (e)	2,185,000		2,201,318
Class M2, 5.09% 6/15/33 (e)	10,000,000		10,228,626
Series 2003-HE4 Class M2, 5.09% 8/15/33 (e)	5,695,000		5,817,428
Series 2003-HE5 Class A2A, 3.45% 8/15/33 (e)	3,368,612		3,371,620
Asset-Backed Securities - continued
	Principal Amount		Value
Asset Backed Securities Corp. Home Equity Loan Trust: - continued
Series 2003-HE6 Class M1, 3.74% 11/25/33 (e)	$ 3,475,000		$ 3,500,850
Series 2004-HE2 Class M1, 3.64% 4/25/34 (e)	6,060,000		6,090,187
Series 2004-HE3:
Class M1, 3.63% 6/25/34 (e)	1,450,000		1,450,474
Class M2, 4.21% 6/25/34 (e)	3,350,000		3,350,962
Series 2004-HE6 Class A2, 3.45% 6/25/34 (e)	20,089,908		20,134,658
Series 2005-HE2:
Class M1, 3.54% 3/25/35 (e)	8,250,000		8,267,332
Class M2, 3.59% 3/25/35 (e)	2,065,000		2,069,697
Bank One Issuance Trust:
Series 2002-B1 Class B1, 3.47% 12/15/09 (e)	20,655,000		20,749,749
Series 2002-B2 Class B2, 3.43% 5/15/08 (e)	15,000,000		15,005,490
Series 2002-B3 Class B, 3.45% 8/15/08 (e)	14,500,000		14,510,785
Series 2002-C1 Class C1, 4.05% 12/15/09 (e)	7,980,000		8,073,770
Series 2002-C2 Class C2, 4.08% 5/15/08 (e)	35,785,000		35,862,547
Bayview Financial Acquisition Trust Series 2004-C Class A1, 3.48% 5/28/44 (e)	9,267,490		9,269,668
Bayview Financial Asset Trust Series 2000-F Class A, 3.56% 9/28/43 (e)	10,265,107		10,285,562
Bayview Financial Mortgage Loan Trust Series 2004-A Class A, 3.51% 2/28/44 (e)	6,466,458		6,488,523
Bear Stearns Asset Backed Securities I:
Series 2005-HE2:
Class M1, 3.59% 2/25/35 (e)	6,655,000		6,662,905
Class M2, 3.84% 2/25/35 (e)	2,430,000		2,434,581
Series 2005-HE5 Class 1A1, 3.2% 6/25/35 (e)	12,075,000		12,075,000
Capital Auto Receivables Asset Trust:
Series 2002-5 Class B, 2.8% 4/15/08	3,383,210		3,359,029
Series 2003-1 Class B, 3.56% 6/15/10 (b)(e)	6,665,899		6,687,171
Series 2003-2 Class B, 3.37% 1/15/09 (e)	3,135,973		3,141,068
Series 2005-1 Class B, 3.4656% 6/15/10 (e)	5,725,000		5,725,000
Capital One Auto Finance Trust:
Series 2003-A Class A4B, 3.2338% 1/15/10 (e)	9,630,000		9,658,921
Series 2004-B Class A4, 3.0638% 8/15/11 (e)	16,300,000		16,303,612
Capital One Master Trust:
Series 1999-3 Class B, 3.57% 9/15/09 (e)	5,000,000		5,006,067
Series 2001-1 Class B, 3.6% 12/15/10 (e)	19,500,000		19,653,114
Series 2001-8A Class B, 3.64% 8/17/09 (e)	9,585,000		9,641,043
Series 2002-4A Class B, 3.59% 3/15/10 (e)	6,000,000		6,032,079
Capital One Multi-Asset Execution Trust:
Series 2002-B1 Class B1, 3.77% 7/15/08 (e)	17,705,000		17,721,931
Asset-Backed Securities - continued
	Principal Amount		Value
Capital One Multi-Asset Execution Trust: - continued
Series 2003-B1 Class B1, 4.26% 2/17/09 (e)	$ 15,470,000		$ 15,595,907
Capital Trust Ltd. Series 2004-1:
Class A2, 3.54% 7/20/39 (b)(e)	2,968,000		2,968,000
Class B, 3.84% 7/20/39 (b)(e)	1,550,000		1,550,000
Class C, 4.19% 7/20/39 (b)(e)	1,994,000		1,994,000
CDC Mortgage Capital Trust:
Series 2001-HE1 Class M1, 4.12% 1/25/32 (e)	4,244,221		4,260,885
Series 2002-HE2 Class M1, 3.79% 1/25/33 (e)	9,278,431		9,314,285
Series 2002-HE3:
Class M1, 4.19% 3/25/33 (e)	21,499,948		21,829,927
Class M2, 5.34% 3/25/33 (e)	9,968,976		10,179,685
Series 2003-HE1:
Class M1, 3.99% 8/25/33 (e)	1,989,998		1,998,568
Class M2, 5.04% 8/25/33 (e)	4,369,996		4,435,532
Series 2003-HE2 Class A, 3.44% 10/25/33 (e)	2,726,836		2,729,201
Series 2003-HE3:
Class M1, 3.79% 11/25/33 (e)	2,254,989		2,277,339
Class M2, 4.84% 11/25/33 (e)	1,719,992		1,757,843
Series 2004-HE2 Class M2, 4.29% 7/26/34 (e)	2,345,000		2,367,889
Chase Credit Card Owner Trust:
Series 2001-6 Class B, 3.57% 3/16/09 (e)	1,305,000		1,312,129
Series 2002-4 Class B, 3.4% 10/15/07 (e)	12,000,000		12,001,284
Series 2002-6 Class B, 3.44% 1/15/08 (e)	11,850,000		11,855,232
Series 2004-1 Class B, 3.29% 5/15/09 (e)	4,105,000		4,104,922
Citibank Credit Card Issuance Trust:
Series 2000-C2 Class C2, 3.7906% 10/15/07 (e)	17,500,000		17,521,879
Series 2001-B2 Class B2, 2.93% 12/10/08 (e)	11,945,000		12,005,308
Series 2002-B1 Class B1, 3.39% 6/25/09 (e)	9,010,000		9,043,215
Series 2002-C1 Class C1, 4.2185% 2/9/09 (e)	17,500,000		17,705,630
Series 2003-B1 Class B1, 3.25% 3/7/08 (e)	25,000,000		25,044,408
Series 2003-C1 Class C1, 3.69% 4/7/10 (e)	17,785,000		18,171,354
Citigroup Mortgage Loan Trust Series 2003-HE4 Class A, 3.5% 12/25/33 (b)(e)	8,488,958		8,489,838
Countrywide Home Loans, Inc.:
Series 2002-6 Class AV1, 3.52% 5/25/33 (e)	1,789,656		1,794,013
Series 2003-BC1 Class M2, 5.09% 9/25/32 (e)	11,065,000		11,210,784
Series 2003-SD3 Class A1, 3.51% 12/25/32 (b)(e)	1,129,842		1,136,179
Series 2004-2 Class M1, 3.59% 5/25/34 (e)	5,200,000		5,212,214
Series 2004-3:
Class 3A4, 3.34% 8/25/34 (e)	621,233		618,636
Class M1, 3.59% 6/25/34 (e)	1,475,000		1,476,417
Asset-Backed Securities - continued
	Principal Amount		Value
Countrywide Home Loans, Inc.: - continued
Series 2004-4:
Class A, 3.46% 8/25/34 (e)	$ 3,007,489		$ 3,010,343
Class M1, 3.57% 7/25/34 (e)	3,650,000		3,663,669
Class M2, 3.62% 6/25/34 (e)	4,395,000		4,410,539
Series 2005-1:
Class 1AV2, 3.29% 7/25/35 (e)	8,780,000		8,779,835
Class M1, 3.51% 8/25/35 (e)	19,600,000		19,599,606
Class MV1, 3.49% 7/25/35 (e)	3,135,000		3,136,150
Class MV2, 3.53% 7/25/35 (e)	3,765,000		3,766,328
Class MV3, 3.57% 7/25/35 (e)	1,560,000		1,561,117
Series 2005-3 Class MV1, 3.51% 8/25/35 (e)	11,125,000		11,124,774
Series 2005-AB1 Class A2, 3.3% 8/25/35 (e)	17,520,000		17,524,489
CS First Boston Mortgage Securities Corp.:
Series 2003-8 Class A2, 3.48% 4/25/34 (e)	2,985,631		2,999,336
Series 2004-FRE1:
Class A2, 3.44% 4/25/34 (e)	3,385,288		3,385,227
Class M3, 3.74% 4/25/34 (e)	5,885,000		5,884,881
Discover Card Master Trust I Series 2003-4 Class B1, 3.42% 5/16/11 (e)	8,155,000		8,201,771
Fannie Mae guaranteed REMIC pass thru certificates Series 2004-T5 Class AB3, 3.4123% 5/28/35 (e)	8,232,355		8,235,215
Fieldstone Mortgage Investment Corp.:
Series 2003-1:
Class M1, 3.77% 11/25/33 (e)	1,300,000		1,312,832
Class M2, 4.84% 11/25/33 (e)	700,000		720,335
Series 2004-1 Class M2, 4.19% 1/25/35 (e)	3,700,000		3,745,940
Series 2004-2 Class M2, 4.24% 7/25/34 (e)	9,890,000		9,889,794
First Franklin Mortgage Loan Asset Backed Certificates:
Series 2005-FF2 Class A2A, 3.18% 3/25/35 (e)	8,055,906		8,055,906
Series 2005-FF2 Class M6, 3.79% 3/25/35 (e)	6,950,000		6,950,000
First Franklin Mortgage Loan Trust Series 2004-FF2:
Class M3, 3.64% 3/25/34 (e)	400,000		401,544
Class M4, 3.99% 3/25/34 (e)	300,000		303,151
First USA Credit Card Master Trust Series 2001-4 Class B, 3.49% 1/12/09 (e)	15,000,000		15,039,275
First USA Secured Note Trust Series 2001-3 Class C, 4.14% 11/19/08 (b)(e)	11,580,000		11,661,421
Ford Credit Auto Owner Trust Series 2003-B Class B2, 3.52% 10/15/07 (e)	19,600,000		19,687,067
Fremont Home Loan Trust:
Series 2004-1:
Class 1A1, 3.31% 2/25/34 (e)	3,181,754		3,181,698
Asset-Backed Securities - continued
	Principal Amount		Value
Fremont Home Loan Trust: - continued
Series 2004-1:
Class M1, 3.54% 2/25/34 (e)	$ 750,000		$ 749,985
Class M2, 3.59% 2/25/34 (e)	800,000		799,984
Series 2004-C Class 2A2, 3.64% 8/25/34 (e)	10,000,000		10,095,416
Series 2005-A:
Class 2A2, 3.33% 2/25/35 (e)	11,850,000		11,865,578
Class M1, 3.52% 1/25/35 (e)	1,603,000		1,604,878
Class M2, 3.55% 1/25/35 (e)	2,325,000		2,328,483
Class M3, 3.58% 1/25/35 (e)	1,250,000		1,252,762
Class M4, 3.77% 1/25/35 (e)	925,000		928,375
GE Business Loan Trust Series 2003-1 Class A, 3.52% 4/15/31 (b)(e)	5,832,195		5,872,437
Gracechurch Card Funding PLC:
Series 5:
Class B, 3.8838% 8/15/08 (e)	1,520,000		1,521,795
Class C, 3.8838% 8/15/08 (e)	5,580,000		5,605,253
Series 6 Class B, 3.28% 2/17/09 (e)	1,030,000		1,031,196
GSAMP Trust:
Series 2002-HE Class M1, 4.34% 11/20/32 (e)	3,017,000		3,069,480
Series 2002-NC1:
Class A2, 3.41% 7/25/32 (e)	719,504		727,032
Class M1, 3.73% 7/25/32 (e)	8,861,000		8,997,310
Series 2003-FM1 Class M1, 3.91% 3/20/33 (e)	15,000,000		15,193,292
Series 2004-FM1:
Class M1, 3.74% 11/25/33 (e)	2,865,000		2,864,942
Class M2, 4.49% 11/25/33 (e)	1,975,000		2,009,257
Series 2004-FM2:
Class M1, 3.59% 1/25/34 (e)	3,500,000		3,499,930
Class M2, 4.19% 1/25/34 (e)	1,500,000		1,499,969
Class M3, 4.39% 1/25/34 (e)	1,500,000		1,499,968
Series 2004-HE1:
Class M1, 3.64% 5/25/34 (e)	4,045,000		4,044,918
Class M2, 4.24% 5/25/34 (e)	1,750,000		1,769,912
Series 2005-FF2 Class M5, 3.72% 3/25/35 (e)	3,500,000		3,500,000
Series 2005-HE2 Class M, 3.52% 3/25/35 (e)	8,780,000		8,783,726
Series 2005-NC1 Class M1, 3.54% 2/25/35 (e)	9,010,000		9,021,599
Guggenheim Structured Real Estate Funding Ltd. Series 2005-1 Class C, 4.17% 5/25/30 (b)(e)	14,000,000		13,975,080
Home Equity Asset Trust:
Series 2002-2 Class M1, 3.89% 6/25/32 (e)	10,000,000		10,025,950
Series 2002-3 Class A5, 3.53% 2/25/33 (e)	1,653,188		1,653,916
Series 2002-4:
Class A3, 3.57% 3/25/33 (e)	2,437,686		2,439,956
Asset-Backed Securities - continued
	Principal Amount		Value
Home Equity Asset Trust: - continued
Series 2002-4: - continued
Class M2, 5.14% 3/25/33 (e)	$ 1,850,000		$ 1,876,987
Series 2002-5:
Class A3, 3.61% 5/25/33 (e)	3,612,206		3,619,850
Class M1, 4.29% 5/25/33 (e)	13,800,000		13,983,885
Series 2003-1:
Class A2, 3.56% 6/25/33 (e)	5,425,886		5,435,829
Class M1, 4.09% 6/25/33 (e)	5,700,000		5,734,138
Series 2003-2:
Class A2, 3.47% 8/25/33 (e)	301,823		302,994
Class M1, 3.97% 8/25/33 (e)	2,245,000		2,275,279
Series 2003-3:
Class A2, 3.45% 8/25/33 (e)	2,095,771		2,104,206
Class M1, 3.95% 8/25/33 (e)	8,185,000		8,284,639
Series 2003-4:
Class M1, 3.89% 10/25/33 (e)	3,415,000		3,446,795
Class M2, 4.99% 10/25/33 (e)	4,040,000		4,094,475
Series 2003-5:
Class A2, 3.44% 12/25/33 (e)	8,088,697		8,120,765
Class M1, 3.79% 12/25/33 (e)	3,175,000		3,202,544
Class M2, 4.82% 12/25/33 (e)	1,345,000		1,381,517
Series 2003-7 Class A2, 3.47% 3/25/34 (e)	3,898,974		3,908,100
Series 2004-2 Class A2, 3.38% 7/25/34 (e)	6,948,605		6,948,496
Series 2004-3:
Class M1, 3.66% 8/25/34 (e)	2,015,000		2,014,959
Class M2, 4.29% 8/25/34 (e)	2,200,000		2,199,952
Series 2004-4 Class A2, 3.41% 10/25/34 (e)	9,324,911		9,361,827
Series 2004-6 Class A2, 3.44% 12/25/34 (e)	10,598,497		10,632,254
Series 2004-7 Class A3, 3.48% 1/25/35 (e)	3,237,685		3,254,426
Series 2005-1:
Class M1, 3.52% 5/25/35 (e)	9,705,000		9,716,343
Class M2, 3.54% 5/25/35 (e)	5,780,000		5,779,883
Class M3, 3.59% 5/25/35 (e)	5,825,000		5,827,060
Series 2005-2:
Class 2A2, 3.29% 7/25/35 (e)	13,170,000		13,169,752
Class M1, 3.54% 7/25/35 (e)	10,085,000		10,088,952
Series 2005-3 Class M1, 3.5% 8/25/35 (e)	9,450,000		9,449,981
Household Affinity Credit Card Master Note Trust I Series 2003-3 Class B, 3.38% 8/15/08 (e)	10,000,000		10,015,402
Household Credit Card Master Trust I Series 2002-1 Class B, 3.74% 7/15/08 (e)	22,589,000		22,624,930
Household Home Equity Loan Trust:
Series 2002-2 Class A, 3.39% 4/20/32 (e)	3,414,440		3,418,933
Asset-Backed Securities - continued
	Principal Amount		Value
Household Home Equity Loan Trust: - continued
Series 2002-3 Class A, 3.54% 7/20/32 (e)	$ 2,738,511		$ 2,743,335
Series 2003-1 Class M, 3.72% 10/20/32 (e)	855,445		856,783
Series 2003-2:
Class A, 3.42% 9/20/33 (e)	3,196,234		3,203,299
Class M, 3.67% 9/20/33 (e)	1,503,027		1,506,663
Series 2004-1 Class M, 3.61% 9/20/33 (e)	3,021,928		3,028,563
Household Mortgage Loan Trust:
Series 2003-HC1 Class M, 3.74% 2/20/33 (e)	1,984,860		1,991,438
Series 2004-HC1:
Class A, 3.44% 2/20/34 (e)	6,088,935		6,106,418
Class M, 3.59% 2/20/34 (e)	3,681,392		3,684,565
Household Private Label Credit Card Master Note Trust I:
Series 2002-1 Class B, 3.64% 1/18/11 (e)	8,850,000		8,868,458
Series 2002-2:
Class A, 3.26% 1/18/11 (e)	9,000,000		9,014,086
Class B, 3.64% 1/18/11 (e)	14,275,000		14,362,554
Series 2002-3 Class B, 4.34% 9/15/09 (e)	4,150,000		4,164,689
Ikon Receivables Funding LLC Series 2003-1 Class A3A, 3.33% 12/17/07 (e)	3,623,412		3,624,644
IXIS Real Estate Capital Trust Series 2005-HE1:
Class A1, 3.34% 6/25/35 (e)	12,764,815		12,767,262
Class M1, 3.56% 6/25/35 (e)	4,100,000		4,101,661
Class M2, 3.58% 6/25/35 (e)	2,775,000		2,776,106
Class M3, 3.61% 6/25/35 (e)	1,975,000		1,976,601
Keycorp Student Loan Trust Series 1999-A Class A2, 3.42% 12/27/09 (e)	17,060,109		17,120,514
Long Beach Mortgage Loan Trust:
Series 2003-2:
Class AV, 3.41% 6/25/33 (e)	471,728		472,079
Class M1, 3.91% 6/25/33 (e)	19,500,000		19,644,123
Series 2003-3 Class M1, 3.84% 7/25/33 (e)	7,770,000		7,839,982
Series 2004-2:
Class M1, 3.62% 6/25/34 (e)	4,275,000		4,285,774
Class M2, 4.17% 6/25/34 (e)	2,800,000		2,835,379
Series 2005-2 Class 2A2, 3.27% 4/25/35 (e)	12,000,000		11,999,776
MASTR Asset Backed Securities Trust:
Series 2003-NC1:
Class M1, 3.82% 4/25/33 (e)	3,500,000		3,528,069
Class M2, 4.94% 4/25/33 (e)	1,500,000		1,537,748
Series 2004-FRE1 Class M1, 3.64% 7/25/34 (e)	5,223,000		5,249,418
MBNA Asset Backed Note Trust Series 2000-K Class C, 3.89% 3/17/08 (b)(e)	7,250,000		7,265,225
Asset-Backed Securities - continued
	Principal Amount		Value
MBNA Credit Card Master Note Trust:
Series 2001-B1 Class B1, 3.465% 10/15/08 (e)	$ 30,000,000		$ 30,055,188
Series 2001-B2 Class B2, 3.45% 1/15/09 (e)	30,353,000		30,443,452
Series 2002-B2 Class B2, 3.47% 10/15/09 (e)	20,000,000		20,095,522
Series 2002-B3 Class B3, 3.49% 1/15/08 (e)	15,000,000		15,005,405
Series 2002-B4 Class B4, 3.59% 3/15/10 (e)	14,800,000		14,922,944
Series 2003-B2 Class B2, 3.48% 10/15/10 (e)	1,530,000		1,531,710
Series 2003-B3 Class B3, 3.465% 1/18/11 (e)	1,130,000		1,135,721
Series 2003-B5 Class B5, 3.46% 2/15/11 (e)	705,000		710,560
MBNA Master Credit Card Trust II:
Series 1998-E Class B, 3.4706% 9/15/10 (e)	7,800,000		7,843,845
Series 1998-G Class B, 3.49% 2/17/09 (e)	20,000,000		20,048,306
Meritage Mortgage Loan Trust Series 2004-1:
Class M1, 3.59% 7/25/34 (e)	2,125,000		2,124,958
Class M2, 3.64% 7/25/34 (e)	375,000		374,993
Class M3, 4.04% 7/25/34 (e)	775,000		774,984
Class M4, 4.19% 7/25/34 (e)	525,000		524,989
Merrill Lynch Mortgage Investors, Inc. Series 2003-HE1 Class M1, 3.79% 7/25/34 (e)	2,321,000		2,336,507
Morgan Stanley ABS Capital I, Inc.:
Series 2002-NC6 Class M2, 5.19% 11/25/32 (e)	2,370,000		2,450,756
Series 2003-HE1 Class M2, 4.99% 5/25/33 (e)	6,185,000		6,259,479
Series 2003-NC5 Class M2, 5.09% 4/25/33 (e)	2,800,000		2,837,224
Series 2003-NC6 Class M2, 5.04% 6/27/33 (e)	12,835,000		13,186,902
Series 2003-NC7:
Class M1, 3.79% 6/25/33 (e)	1,785,000		1,792,617
Class M2, 4.94% 6/25/33 (e)	1,000,000		1,018,734
Series 2003-NC8 Class M1, 3.79% 9/25/33 (e)	2,350,000		2,368,861
Series 2004-HE6 Class A2, 3.43% 8/25/34 (e)	8,586,557		8,619,159
Series 2004-NC2 Class M1, 3.64% 12/25/33 (e)	2,595,000		2,607,691
Series 2004-NC6 Class A2, 3.43% 7/25/34 (e)	3,832,768		3,844,128
Series 2005-1:
Class M2, 3.56% 12/25/34 (e)	4,425,000		4,434,075
Class M3, 3.61% 12/25/34 (e)	4,000,000		4,006,490
Series 2005-HE1:
Class A3B, 3.31% 12/25/34 (e)	3,885,000		3,890,751
Class M1, 3.54% 12/25/34 (e)	1,100,000		1,104,703
Class M2, 3.56% 12/25/34 (e)	2,970,000		2,977,520
Series 2005-HE2:
Class M1, 3.49% 1/25/35 (e)	2,665,000		2,676,440
Class M2, 3.53% 1/25/35 (e)	1,900,000		1,900,767
Series 2005-NC1:
Class M1, 3.53% 1/25/35 (e)	2,425,000		2,437,263
Asset-Backed Securities - continued
	Principal Amount		Value
Morgan Stanley ABS Capital I, Inc.: - continued
Series 2005-NC1: - continued
Class M2, 3.56% 1/25/35 (e)	$ 2,425,000		$ 2,430,006
Class M3, 3.6% 1/25/35 (e)	2,425,000		2,430,965
Morgan Stanley Dean Witter Capital I Trust:
Series 2001-AM1:
Class M1, 3.94% 2/25/32 (e)	1,510,288		1,517,395
Class M2, 4.49% 2/25/32 (e)	8,691,652		8,744,385
Series 2001-NC3 Class M2, 4.59% 10/25/31 (e)	2,836,870		2,854,974
Series 2001-NC4:
Class M1, 4.09% 1/25/32 (e)	3,827,881		3,844,316
Class M2, 4.74% 1/25/32 (e)	1,562,455		1,570,068
Series 2002-AM3 Class A3, 3.58% 2/25/33 (e)	1,726,986		1,731,161
Series 2002-HE1 Class M1, 3.69% 7/25/32 (e)	2,700,000		2,730,382
Series 2002-HE2:
Class M1, 3.79% 8/25/32 (e)	9,925,000		9,976,989
Class M2, 4.34% 8/25/32 (e)	1,550,000		1,560,181
Series 2002-NC3 Class A3, 3.43% 8/25/32 (e)	758,363		760,503
Series 2002-NC5 Class M3, 4.89% 10/25/32 (e)	920,000		939,628
Series 2002-OP1 Class M1, 3.84% 9/25/32 (e)	1,545,000		1,555,889
Series 2003-NC1:
Class M1, 4.14% 11/25/32 (e)	2,555,000		2,575,548
Class M2, 5.14% 11/25/32 (e)	1,880,000		1,901,973
New Century Home Equity Loan Trust:
Series 2003-2:
Class A2, 3.52% 1/25/33 (e)	669,054		669,533
Class M2, 5.09% 1/25/33 (e)	4,600,000		4,672,381
Series 2003-6 Class M1, 3.81% 1/25/34 (e)	5,180,000		5,220,350
Series 2005-1:
Class M1, 3.54% 3/25/35 (e)	4,395,000		4,416,600
Class M2, 3.57% 3/25/35 (e)	4,395,000		4,400,215
Class M3, 3.61% 3/25/35 (e)	2,120,000		2,125,019
Nissan Auto Lease Trust:
Series 2003-A Class A3A, 3.0938% 6/15/09 (e)	15,342,504		15,358,075
Series 2004-A Class A4A, 3.0238% 6/15/10 (e)	10,570,000		10,584,304
NovaStar Home Equity Loan Series 2004-1:
Class M1, 3.54% 6/25/34 (e)	1,450,000		1,451,204
Class M4, 4.065% 6/25/34 (e)	2,435,000		2,444,317
Ocala Funding LLC Series 2005-1A Class A, 0% 3/20/10 (b)(e)	3,675,000		3,675,000
Park Place Securities, Inc.:
Series 2004-WCW1:
Class M1, 3.72% 9/25/34 (e)	2,940,000		2,960,788
Asset-Backed Securities - continued
	Principal Amount		Value
Park Place Securities, Inc.: - continued
Series 2004-WCW1: - continued
Class M2, 3.77% 9/25/34 (e)	$ 1,755,000		$ 1,768,256
Class M3, 4.34% 9/25/34 (e)	3,355,000		3,401,375
Class M4, 4.54% 9/25/34 (e)	4,700,000		4,778,142
Series 2004-WCW2 Class A2, 3.47% 10/25/34 (e)	9,435,555		9,464,584
Series 2005-WCH1:
Class A3B, 3.31% 1/25/35 (e)	2,775,000		2,781,042
Class M2, 3.61% 1/25/35 (e)	4,175,000		4,181,984
Class M3, 3.65% 1/25/35 (e)	3,290,000		3,299,530
Class M5, 3.97% 1/25/35 (e)	3,095,000		3,108,854
Series 2005-WHQ2 Class M7, 4.34% 5/25/35 (e)	5,950,000		5,950,000
People's Choice Home Loan Securities Trust Series 2005-2:
Class A1, 3.2% 9/25/24 (e)	8,564,626		8,564,626
Class M4, 3.72% 5/25/35 (e)	6,000,000		6,000,000
Providian Gateway Master Trust Series 2002-B Class A, 3.79% 6/15/09 (b)(e)	15,000,000		15,057,729
Residental Asset Securities Corp. Series 2005-KS4 Class M2, 3.67% 4/25/35 (e)	1,040,000		1,039,998
Residential Asset Mortgage Products, Inc. Series 2004-RS10 Class MII2, 4.34% 10/25/34 (e)	5,500,000		5,573,718
Salomon Brothers Mortgage Securities VII, Inc. Series 2003-HE1 Class A, 3.49% 4/25/33 (e)	1,067,396		1,072,853
Saxon Asset Securities Trust:
Series 2004-1 Class M1, 3.62% 3/25/35 (e)	4,415,000		4,420,792
Series 2004-2 Class MV1, 3.67% 8/25/35 (e)	4,495,000		4,512,621
Sears Credit Account Master Trust II:
Series 2001-1 Class B, 3.515% 2/15/10 (e)	10,000,000		9,984,472
Series 2002-4:
Class A, 3.22% 8/18/09 (e)	27,000,000		27,007,468
Class B, 3.515% 8/18/09 (e)	33,300,000		33,316,547
Series 2002-5 Class B, 4.34% 11/17/09 (e)	30,000,000		30,099,234
Securitized Asset Backed Receivables LLC Trust Series 2004-NC1 Class M1, 3.61% 2/25/34 (e)	2,910,000		2,913,839
Specialty Underwriting & Residential Finance Series 2003-BC4 Class M1, 3.69% 11/25/34 (e)	1,810,000		1,820,973
Structured Asset Securities Corp. Series 2004-GEL1 Class A, 3.45% 2/25/34 (e)	1,127,222		1,127,202
Superior Wholesale Inventory Financing Trust VII Series 2003-A8 Class CTFS, 3.54% 3/15/11 (b)(e)	10,835,000		10,843,462
Terwin Mortgage Trust:
Series 2003-4HE Class A1, 3.52% 9/25/34 (e)	3,634,361		3,656,519
Asset-Backed Securities - continued
	Principal Amount		Value
Terwin Mortgage Trust: - continued
Series 2003-6HE Class A1, 3.56% 11/25/33 (e)	$ 2,034,960		$ 2,039,767
Triad Auto Receivables Owner Trust Series 2002-A Class A3, 2.62% 2/12/07	287,748		287,653
TOTAL ASSET-BACKED SECURITIES (Cost $2,178,606,119)		2,187,860,493
Collateralized Mortgage Obligations - 17.6%
Private Sponsor - 14.3%
Adjustable Rate Mortgage Trust:
floater:
Series 2004-2 Class 7A3, 3.49% 2/25/35 (e)	10,389,653		10,418,550
Series 2004-4 Class 5A2, 3.49% 3/25/35 (e)	4,144,459		4,153,853
Series 2005-1 Class 5A2, 3.42% 5/25/35 (e)	6,994,769		7,006,793
Series 2005-2:
Class 6A2, 3.37% 6/25/35 (e)	3,327,499		3,331,139
Class 6M2, 3.57% 6/25/35 (e)	10,145,000		10,156,768
Series 2005-3 Class 8A2, 3.33% 7/25/35 (e)	20,809,987		20,915,660
Series 2005-4 Class 7A2, 3.32% 8/25/35 (e)	9,647,960		9,650,217
Bear Stearns Alt-A Trust:
floater:
Series 2005-1 Class A1, 3.37% 1/25/35 (e)	21,952,285		21,952,285
Series 2005-2 Class 1A1, 3.34% 3/25/35 (e)	16,229,661		16,229,661
Series 2005-5 Class 1A1, 3.31% 7/25/35 (e)	20,000,000		20,000,000
Countrywide Alternative Loan Trust planned amortization class Series 2003-5T2 Class A2, 3.49% 5/25/33 (e)	6,200,206		6,203,242
Countrywide Home Loans, Inc. floater:
Series 2004-16 Class A1, 3.49% 9/25/34 (e)	11,396,990		11,385,531
Series 2005-1 Class 2A1, 3.38% 3/25/35 (e)	15,498,270		15,503,114
CS First Boston Mortgage Securities Corp.:
floater:
Series 2004-AR2 Class 6A1, 3.49% 3/25/34 (e)	6,088,468		6,085,216
Series 2004-AR3 Class 6A2, 3.46% 4/25/34 (e)	2,652,879		2,655,665
Series 2004-AR4 Class 5A2, 3.46% 5/25/34 (e)	2,335,966		2,334,603
Series 2004-AR5 Class 11A2, 3.46% 6/25/34 (e)	3,622,453		3,614,892
Series 2004-AR6 Class 9A2, 3.46% 10/25/34 (e)	4,587,928		4,592,067
Series 2004-AR7 Class 6A2, 3.47% 8/25/34 (e)	6,791,561		6,798,527
Series 2004-AR8 Class 8A2, 3.47% 9/25/34 (e)	5,351,108		5,361,240
Series 2003-TFLA Class F, 3.735% 4/15/13 (b)(e)	3,750,000		3,733,265
First Horizon Mortgage Passthru Trust floater Series 2004-FL1 Class 2A1, 3.0663% 12/25/34 (e)	5,349,551		5,342,051
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
Private Sponsor - continued
Granite Master Issuer PLC:
floater Series 2005-1:
Class A3, 3.13% 12/21/24 (e)	$ 5,300,000		$ 5,299,172
Class B1, 3.18% 12/20/54 (e)	7,050,000		7,045,594
Class M1, 3.28% 12/20/54 (e)	5,300,000		5,296,688
Series 2005-2 Class C1, 3.7857% 12/20/54 (e)	7,975,000		7,975,000
Granite Mortgages PLC floater:
Series 2004-1:
Class 1B, 3.26% 3/20/44 (e)	1,415,000		1,415,425
Class 1C, 3.95% 3/20/44 (e)	4,075,000		4,096,027
Class 1M, 3.46% 3/20/44 (e)	1,875,000		1,877,494
Series 2004-2:
Class 1A2, 3.12% 6/20/28 (e)	6,500,000		6,500,152
Class 1B, 3.22% 6/20/44 (e)	1,230,000		1,230,369
Class 1C, 3.75% 6/20/44 (e)	4,475,000		4,498,181
Class 1M, 3.33% 6/20/44 (e)	3,285,000		3,289,402
Series 2004-3:
Class 1B, 3.21% 9/20/44 (e)	2,100,000		2,100,903
Class 1C, 3.64% 9/20/44 (e)	5,415,000		5,430,270
Class 1M, 3.32% 9/20/44 (e)	1,200,000		1,200,780
Harborview Mortgage Loan Trust Series 2005-2 Class 2A1A, 3.14% 5/19/35 (e)	11,955,540		11,942,987
Holmes Financing No. 7 PLC floater Series 2 Class M, 3.9406% 7/15/40 (e)	2,560,000		2,568,899
Holmes Financing No. 8 PLC floater Series 2:
Class A, 3.2206% 4/15/11 (e)	25,000,000		25,001,953
Class B, 3.1063% 7/15/40 (e)	2,695,000		2,695,844
Class C, 3.8606% 7/15/40 (e)	10,280,000		10,324,975
Home Equity Asset Trust Series 2005-3 Class 2A1, 3.18% 8/25/35 (e)	8,194,682		8,192,380
Homestar Mortgage Acceptance Corp. floater Series 2004-5 Class A1, 3.54% 10/25/34 (e)	4,847,078		4,867,584
Impac CMB Trust:
floater:
Series 2004-11 Class 2A2, 3.46% 3/25/35 (e)	9,292,487		9,297,931
Series 2004-6 Class 1A2, 3.48% 10/25/34 (e)	3,918,641		3,926,079
Series 2005-1:
Class M1, 3.55% 4/25/35 (e)	3,396,891		3,399,014
Class M2, 3.59% 4/25/35 (e)	5,946,952		5,950,668
Class M3, 3.62% 4/25/35 (e)	1,459,228		1,460,140
Class M4, 3.84% 4/25/35 (e)	861,184		862,832
Class M5, 3.86% 4/25/35 (e)	861,184		862,092
Class M6, 3.91% 4/25/35 (e)	1,377,894		1,379,078
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
Private Sponsor - continued
Impac CMB Trust: - continued
floater:
Series 2005-2 Class 1A2, 3.4% 4/25/35 (e)	$ 13,747,416		$ 13,747,416
Series 2005-3 Class A1, 3.33% 8/25/35 (e)	15,756,115		15,745,652
Series 2005-4 Class 1B1, 4.39% 6/25/35 (e)	5,584,547		5,584,547
MASTR Adjustable Rate Mortgages Trust:
floater Series 2005-1 Class 1A1, 3.36% 3/25/35 (e)	14,780,375		14,780,375
Series 2004-6 Class 4A2, 4.1767% 7/25/34 (e)	5,969,000		5,953,509
Merrill Lynch Mortgage Investors, Inc. floater:
Series 2003-A Class 2A1, 3.48% 3/25/28 (e)	9,013,324		9,068,740
Series 2003-B Class A1, 3.43% 4/25/28 (e)	8,721,619		8,775,868
Series 2003-D Class A, 3.4% 8/25/28 (e)	8,326,855		8,348,791
Series 2003-E Class A2, 3.4425% 10/25/28 (e)	11,982,532		11,985,958
Series 2003-F Class A2, 3.7075% 10/25/28 (e)	14,306,192		14,319,724
Series 2004-A Class A2, 3.6175% 4/25/29 (e)	12,841,552		12,817,175
Series 2004-B Class A2, 2.8613% 6/25/29 (e)	10,048,734		10,035,426
Series 2004-C Class A2, 3.07% 7/25/29 (e)	14,656,970		14,628,151
Series 2004-D Class A2, 3.4725% 9/25/29 (e)	11,135,360		11,141,586
Series 2004-E:
Class A2B, 3.7275% 11/25/29 (e)	9,211,408		9,192,177
Class A2D, 3.9175% 11/25/29 (e)	2,142,188		2,152,206
Series 2004-G Class A2, 3.07% 11/25/29 (e)	4,331,334		4,338,432
Series 2005-A Class A2, 3.38% 2/25/30 (e)	11,773,809		11,768,054
Mortgage Asset Backed Securities Trust floater Series 2002-NC1:
Class A2, 3.53% 10/25/32 (e)	547,996		548,174
Class M1, 3.94% 10/25/32 (e)	5,000,000		5,025,881
MortgageIT Trust:
floater Series 2004-2:
Class A1, 3.46% 12/25/34 (e)	5,159,047		5,168,133
Class A2, 3.54% 12/25/34 (e)	6,979,341		7,023,519
Series 2005-2 Class 1A1, 3.35% 5/25/35 (e)	5,329,433		5,332,140
Permanent Financing No. 1 PLC floater Series 1 Class 2C, 3.64% 6/10/42 (e)	1,745,000		1,749,801
Permanent Financing No. 3 PLC floater Series 2 Class C, 3.51% 6/10/42 (e)	4,845,000		4,892,006
Permanent Financing No. 4 PLC floater Series 2 Class C, 3.18% 6/10/42 (e)	15,400,000		15,475,631
Permanent Financing No. 5 PLC floater:
Series 1 Class C, 2.96% 6/10/42 (e)	2,810,000		2,810,000
Series 2 Class C, 3.11% 6/10/42 (e)	4,215,000		4,237,394
Series 3 Class C, 3.28% 6/10/42 (e)	8,890,000		8,998,351
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
Private Sponsor - continued
Permanent Financing No. 6 PLC floater Series 6:
Class 1C, 2.81% 6/10/42 (e)	$ 4,000,000		$ 4,000,625
Class 2C, 2.91% 6/10/42 (e)	5,350,000		5,348,537
Permanent Financing No. 7 PLC floater Series 7:
Class 1B, 3.1037% 6/10/42 (e)	2,000,000		2,000,000
Class 1C, 3.2937% 6/10/42 (e)	3,840,000		3,840,000
Class 2C, 3.3437% 6/10/42 (e)	8,065,000		8,065,000
Residential Asset Mortgage Products, Inc. sequential pay Series 2003-SL1 Class A31, 7.125% 4/25/31	5,019,864		5,149,338
Residential Finance LP/Residential Finance Development Corp. floater Series 2003-A:
Class B4, 4.89% 3/10/35 (b)(e)	5,510,001		5,592,651
Class B5, 5.44% 3/10/35 (b)(e)	5,702,334		5,836,903
Residential Funding Securities Corp.:
Series 2003-RP1 Class A1, 3.59% 11/25/34 (e)	3,514,091		3,528,259
Series 2003-RP2 Class A1, 3.54% 6/25/33 (b)(e)	4,274,217		4,289,818
Sequoia Mortgage Trust:
floater:
Series 2003-5 Class A2, 3.41% 9/20/33 (e)	12,393,794		12,383,508
Series 2003-7 Class A2, 2.885% 1/20/34 (e)	11,243,770		11,245,078
Series 2004-1 Class A, 3.2025% 2/20/34 (e)	7,076,609		7,064,922
Series 2004-10 Class A4, 3.6681% 11/20/34 (e)	11,658,444		11,651,162
Series 2004-3 Class A, 3.5463% 5/20/34 (e)	12,067,015		12,017,037
Series 2004-4 Class A, 2.885% 5/20/34 (e)	15,631,464		15,593,954
Series 2004-5 Class A3, 3.77% 6/20/34 (e)	10,475,332		10,481,879
Series 2004-6:
Class A3A, 3.0175% 6/20/35 (e)	9,480,094		9,491,878
Class A3B, 3.16% 7/20/34 (e)	1,185,012		1,187,560
Series 2004-7:
Class A3A, 3.2275% 8/20/34 (e)	8,606,005		8,587,964
Class A3B, 3.4525% 7/20/34 (e)	1,548,606		1,553,471
Series 2004-8 Class A2, 3.45% 9/20/34 (e)	15,614,931		15,610,869
Series 2005-1 Class A2, 3.1688% 2/20/35 (e)	8,019,873		8,019,873
Series 2005-2 Class A2, 3.36% 3/20/35 (e)	15,091,444		15,091,444
Series 2005-3 Class A1, 3.26% 5/20/35 (e)	9,775,078		9,775,078
Structured Adjustable Rate Mortgage Loan Trust floater Series 2001-14 Class A1, 3.45% 7/25/35 (e)	11,500,000		11,500,000
Structured Asset Securities Corp. floater Series 2004-NP1 Class A, 3.49% 9/25/33 (b)(e)	2,865,733		2,867,561
Thornburg Mortgage Securities Trust floater Series 2004-3 Class A, 3.46% 9/25/34 (e)	23,510,470		23,569,857
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
Private Sponsor - continued
WAMU Mortgage pass thru certificates Series 2005-AR6 Class 2A-1A, 3.26% 4/25/45 (e)	$ 6,257,888		$ 6,258,049
Wells Fargo Mortgage Backed Securities Trust Series 2004-M Class A3, 4.7079% 8/25/34 (e)	19,880,000		19,832,149
TOTAL PRIVATE SPONSOR			854,491,493
U.S. Government Agency - 3.3%
Fannie Mae:
floater:
Series 2000-38 Class F, 3.59% 11/18/30 (e)	1,189,621		1,198,533
Series 2000-40 Class FA, 3.59% 7/25/30 (e)	2,675,624		2,687,718
Series 2002-89 Class F, 3.39% 1/25/33 (e)	3,997,638		4,003,406
target amortization class Series G94-2 Class D, 6.45% 1/25/24	5,090,593		5,243,344
Fannie Mae guaranteed REMIC pass thru certificates:
floater:
Series 2001-34 Class FR, 3.49% 8/18/31 (e)	2,637,252		2,645,774
Series 2001-44 Class FB, 3.39% 9/25/31 (e)	2,418,141		2,425,299
Series 2001-46 Class F, 3.49% 9/18/31 (e)	6,964,245		7,004,021
Series 2002-11 Class QF, 3.59% 3/25/32 (e)	4,869,081		4,905,550
Series 2002-36 Class FT, 3.59% 6/25/32 (e)	1,590,435		1,603,870
Series 2002-64 Class FE, 3.44% 10/18/32 (e)	2,393,463		2,380,502
Series 2002-65 Class FA, 3.39% 10/25/17 (e)	2,868,942		2,860,306
Series 2002-74 Class FV, 3.54% 11/25/32 (e)	8,881,478		8,945,997
Series 2003-11:
Class DF, 3.54% 2/25/33 (e)	3,495,872		3,521,281
Class EF, 3.54% 2/25/33 (e)	2,832,023		2,843,247
Series 2003-63 Class F1, 3.39% 11/25/27 (e)	6,690,669		6,696,319
planned amortization class:
Series 1998-63 Class PG, 6% 3/25/27	1,539,822		1,540,869
Series 2001-56 Class KD, 6.5% 7/25/30	241,331		240,835
Series 2001-62 Class PG, 6.5% 10/25/30	5,450,634		5,480,715
Series 2001-76 Class UB, 5.5% 10/25/13	2,044,517		2,050,259
Series 2002-16 Class QD, 5.5% 6/25/14	445,368		448,006
Series 2002-28 Class PJ, 6.5% 3/25/31	6,171,447		6,189,084
Series 2002-8 Class PD, 6.5% 7/25/30	4,729,552		4,763,228
Series 2003-17 Class PQ, 4.5% 3/25/16	573,756		572,469
Freddie Mac:
floater Series 2510 Class FE, 3.49% 10/15/32 (e)	6,324,402		6,360,546
planned amortization class:
Series 2091 Class PP, 6% 2/15/27	2,478,181		2,481,211
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
U.S. Government Agency - continued
Freddie Mac: - continued
planned amortization class:
Series 2353 Class PC, 6.5% 9/15/15	$ 1,748,070		$ 1,755,648
Freddie Mac Manufactured Housing participation certificates guaranteed floater Series 2338 Class FJ, 3.29% 7/15/31 (e)	5,537,525		5,544,069
Freddie Mac Multi-class participation certificates guaranteed:
floater:
Series 2474 Class FJ, 3.44% 7/15/17 (e)	4,869,399		4,886,786
Series 2526 Class FC, 3.49% 11/15/32 (e)	3,955,941		3,976,093
Series 2538 Class FB, 3.49% 12/15/32 (e)	7,007,517		6,977,395
Series 2551 Class FH, 3.54% 1/15/33 (e)	3,537,625		3,552,910
planned amortization class:
Series 2136 Class PE, 6% 1/15/28	13,847,156		13,943,708
Series 2394 Class ND, 6% 6/15/27	2,339,522		2,349,850
Series 2395 Class PE, 6% 2/15/30	7,151,176		7,221,449
Series 2398 Class DK, 6.5% 1/15/31	530,100		531,802
Series 2410 Class ML, 6.5% 12/15/30	2,998,193		3,021,138
Series 2420 Class BE, 6.5% 12/15/30	3,943,234		3,966,615
Series 2443 Class TD, 6.5% 10/15/30	4,014,990		4,047,008
Series 2461 Class PG, 6.5% 1/15/31	3,621,771		3,680,883
Series 2466 Class EC, 6% 10/15/27	801,508		800,748
Series 2483 Class DC, 5.5% 7/15/14	3,971,444		3,980,275
Series 2490 Class PM, 6% 7/15/28	245,453		245,111
Series 2556 Class PM, 5.5% 2/15/16	2,322,197		2,323,002
Series 2557 Class MA, 4.5% 7/15/16	484,765		484,333
Series 2776 Class UJ, 4.5% 5/15/20 (f)	7,521,770		414,886
Series 2828 Class JA, 4.5% 1/15/10	11,880,000		11,966,137
sequential pay:
Series 2430 Class ZE, 6.5% 8/15/27	946,078		947,815
Series 2480 Class QW, 5.75% 2/15/30	1,493,403		1,494,052
Ginnie Mae guaranteed REMIC pass thru securities floater:
Series 2001-46 Class FB, 3.44% 5/16/23 (e)	3,167,173		3,181,079
Series 2001-50 Class FV, 3.29% 9/16/27 (e)	9,563,999		9,561,881
Series 2002-24 Class FX, 3.64% 4/16/32 (e)	2,816,284		2,843,132
Collateralized Mortgage Obligations - continued
	Principal Amount		Value
U.S. Government Agency - continued
Ginnie Mae guaranteed REMIC pass thru securities floater: - continued
Series 2002-31 Class FW, 3.49% 6/16/31 (e)	$ 3,858,863		$ 3,879,745
Series 2002-5 Class KF, 3.49% 8/16/26 (e)	784,100		784,962
TOTAL U.S. GOVERNMENT AGENCY			197,454,901
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $1,052,587,749)		1,051,946,394
Commercial Mortgage Securities - 6.6%
1301 Avenue of The Americas Trust Series 2000-1301:
Class C, 7.688% 8/3/10 (b)(e)	5,025,000		5,055,295
Class D, 7.7913% 8/3/10 (b)(e)	6,695,000		6,736,030
Banc of America Large Loan, Inc. floater:
Series 2003-BBA2 Class A3, 3.41% 11/15/15 (b)(e)	5,038,226		5,044,977
Series 2005-BOCA:
Class H, 3.9038% 12/15/16 (b)(e)	2,065,000		2,063,398
Class J, 4.0538% 12/15/16 (b)(e)	1,020,000		1,019,209
Class K, 4.44% 12/15/16 (b)(e)	6,659,000		6,653,846
Bayview Commercial Asset Trust floater:
Series 2003-1 Class A, 3.67% 8/25/33 (b)(e)	6,902,719		6,958,804
Series 2003-2:
Class A, 3.67% 12/25/33 (b)(e)	14,191,120		14,324,161
Class M1, 3.94% 12/25/33 (b)(e)	2,309,377		2,344,739
Series 2004-1:
Class A, 3.45% 4/25/34 (b)(e)	6,616,845		6,612,192
Class B, 4.99% 4/25/34 (b)(e)	687,464		691,761
Class M1, 3.65% 4/25/34 (b)(e)	601,531		602,847
Class M2, 4.29% 4/25/34 (b)(e)	515,598		519,062
Series 2004-2:
Class A, 3.52% 8/25/34 (b)(e)	6,466,375		6,485,825
Class M1, 3.67% 8/25/34 (b)(e)	2,085,039		2,093,346
Series 2004-3:
Class A1, 3.46% 1/25/35 (b)(e)	6,702,743		6,715,189
Class A2, 3.51% 1/25/35 (b)(e)	931,584		933,313
Class M1, 3.59% 1/25/35 (b)(e)	1,117,124		1,118,362
Class M2, 4.09% 1/25/35 (b)(e)	728,559		730,808
Commercial Mortgage Securities - continued
	Principal Amount		Value
Bear Stearns Commercial Mortgage Securities, Inc. floater:
Series 2003-BA1A:
Class JFCM, 4.69% 4/14/15 (b)(e)	$ 1,344,296		$ 1,352,251
Class JMM, 4.59% 4/14/15 (b)(e)	1,384,053		1,385,931
Class KFCM, 4.94% 4/14/15 (b)(e)	1,436,661		1,445,605
Class KMM, 4.84% 4/14/15 (b)(e)	1,253,767		1,255,755
Class LFCM, 5.34% 4/14/15 (b)(e)	1,601,905		1,603,407
Class MFCM, 5.64% 4/14/15 (b)(e)	2,218,251		2,220,331
Series 2004-BBA3 Class E, 3.6538% 6/15/17 (b)(e)	10,415,000		10,417,955
Series 2004-ESA Class A2, 3.43% 5/14/16 (b)(e)	6,565,000		6,579,958
Series 2004-HS2A:
Class E, 3.99% 1/14/16 (b)(e)	1,725,000		1,729,639
Class F, 4.14% 1/14/16 (b)(e)	1,125,000		1,128,023
Chase Commercial Mortgage Securities Corp. floater Series 2000-FL1A:
Class B, 3.54% 12/12/13 (b)(e)	896,672		897,810
Class C, 3.89% 12/12/13 (b)(e)	1,793,345		1,802,763
COMM floater:
Series 2001-FL5A Class E, 4.59% 11/15/13 (b)(e)	3,205,357		3,204,346
Series 2002-FL6:
Class F, 4.54% 6/14/14 (b)(e)	11,163,000		11,199,272
Class G, 4.99% 6/14/14 (b)(e)	5,000,000		5,003,374
Series 2002-FL7 Class A2, 3.44% 11/15/14 (b)(e)	942,949		943,250
Series 2003-FL9 Class B, 3.59% 11/15/15 (b)(e)	12,821,545		12,858,508
Commercial Mortgage pass thru certificates floater:
Series 2004-CNL:
Class A2, 3.2538% 9/15/14 (b)(e)	3,570,000		3,574,507
Class G, 3.9338% 9/15/14 (b)(e)	1,345,000		1,346,689
Class H, 4.0338% 9/15/14 (b)(e)	1,430,000		1,431,794
Class J, 4.5538% 9/15/14 (b)(e)	490,000		490,612
Class K, 4.9538% 9/15/14 (b)(e)	770,000		770,959
Class L, 5.1538% 9/15/14 (b)(e)	625,000		624,986
Series 2004-HTL1:
Class B, 3.4038% 7/15/16 (b)(e)	501,320		501,810
Class D, 3.5038% 7/15/16 (b)(e)	1,139,116		1,139,472
Class E, 3.7038% 7/15/16 (b)(e)	815,391		815,870
Class F, 3.7538% 7/15/16 (b)(e)	862,895		863,651
Class H, 4.2538% 7/15/16 (b)(e)	2,501,991		2,504,733
Class J, 4.4038% 7/15/16 (b)(e)	961,742		962,795
Class K, 5.3038% 7/15/16 (b)(e)	1,082,578		1,082,555
Commercial Mortgage Securities - continued
	Principal Amount		Value
Commercial Mortgage Pass-Through Certificates floater Series 2005-F10A:
Class B, 3.1838% 4/15/17 (b)(e)	$ 7,080,000		$ 7,080,000
Class C, 3.2238% 4/15/17 (b)(e)	3,006,000		3,006,000
Class D, 3.2638% 4/15/17 (b)(e)	2,440,000		2,440,000
Class E, 3.3238% 4/15/17 (b)(e)	1,821,000		1,821,000
Class F, 3.3638% 4/15/17 (b)(e)	1,035,000		1,035,000
Class G, 3.5038% 4/15/17 (b)(e)	1,035,000		1,035,000
Class H, 3.5738% 4/15/17 (b)(e)	1,035,000		1,035,000
Class I, 3.8038% 4/15/17 (b)(e)	335,000		335,000
Class MOA3, 3.2538% 3/15/20 (b)(e)	4,590,000		4,590,000
CS First Boston Mortgage Securities Corp.:
floater:
Series 2001-TFLA Class G, 4.84% 12/15/11 (b)(e)	3,720,000		3,696,465
Series 2002-TFLA Class C, 3.53% 11/18/12 (b)(e)	3,675,000		3,686,698
Series 2003-TF2A Class A2, 3.41% 11/15/14 (b)(e)	9,500,000		9,505,647
Series 2004-FL1 Class B, 3.4038% 5/15/14 (b)(e)	11,230,000		11,238,237
Series 2004-HC1:
Class A2, 3.59% 12/15/21 (b)(e)	1,475,000		1,474,996
Class B, 3.84% 12/15/21 (b)(e)	3,835,000		3,834,988
Series 2004-TFL1:
Class A2, 3.28% 2/15/14 (b)(e)	7,005,000		7,008,584
Class E, 3.64% 2/15/14 (b)(e)	2,800,000		2,805,134
Class F, 3.69% 2/15/14 (b)(e)	2,325,000		2,329,925
Class G, 3.94% 2/15/14 (b)(e)	1,875,000		1,879,036
Class H, 4.19% 2/15/14 (b)(e)	1,400,000		1,405,908
Class J, 4.49% 2/15/14 (b)(e)	750,000		753,725
Series 2005-TFLA:
Class C, 3.33% 2/15/20 (b)(e)	5,650,000		5,649,983
Class E, 3.42% 2/15/20 (b)(e)	2,055,000		2,054,994
Class F, 3.47% 2/15/20 (b)(e)	1,745,000		1,744,995
Class G, 3.61% 2/15/20 (b)(e)	505,000		504,998
Class H, 3.84% 2/15/20 (b)(e)	715,000		714,998
sequential pay:
Series 1997-C2 Class A2, 6.52% 1/17/35	565,969		573,003
Series 2003-TFLA Class A2, 3.46% 4/15/13 (b)(e)	7,205,000		7,216,177
Series 2003-TFLA Class G, 3.735% 4/15/13 (b)(e)	2,095,000		2,039,063
GMAC Commercial Mortgage Securities, Inc. floater Series 2001-FL1A Class E, 3.76% 2/11/11 (b)(e)	340,926		340,517
Greenwich Capital Commercial Funding Corp. floater Series 2003-FL1 Class MCH, 6.34% 7/5/18 (b)(e)	2,054,286		2,054,286
Commercial Mortgage Securities - continued
	Principal Amount		Value
ISTAR Asset Receivables Trust floater Series 2002-1A Class A2, 3.4806% 5/28/20 (b)(e)	$ 2,837,826		$ 2,838,178
John Hancock Tower Mortgage Trust floater Series 2003-C5A Class B, 5.3805% 4/10/15 (b)(e)	8,245,000		8,150,339
JP Morgan Chase Commercial Mortgage Security Corp. Series 2005-FLA1:
Class WH, 4.04% 6/15/19 (b)(c)(e)	3,325,000		3,325,000
Class WJ, 4.34% 6/15/19 (b)(c)(e)	2,045,000		2,045,000
Class WK, 4.84% 6/15/19 (b)(c)(e)	3,065,000		3,065,000
Lehman Brothers Floating Rate Commercial Mortgage Trust floater:
Series 2003-C4A:
Class F, 5.16% 7/11/15 (b)(e)	813,387		813,618
Class H, 5.91% 7/11/15 (b)(e)	8,267,264		8,306,017
Series 2003-LLFA:
Class A2, 3.48% 12/16/14 (b)(e)	11,700,000		11,710,927
Class B, 3.69% 12/16/14 (b)(e)	4,615,000		4,629,787
Class C, 3.79% 12/16/14 (b)(e)	4,982,000		5,001,877
Morgan Stanley Dean Witter Capital I Trust floater:
Series 2001-XLF:
Class A2, 3.64% 10/7/13 (b)(e)	3,489,876		3,492,120
Class D, 4.61% 10/7/13 (b)(e)	1,172,220		1,173,293
Class F, 5.03% 10/7/13 (b)(e)	6,431,229		6,341,346
Class G1, 5.84% 10/7/13 (b)(e)	6,000,000		6,000,000
Series 2002-XLF Class F, 5.24% 8/5/14 (b)(e)	7,605,727		7,605,718
Salomon Brothers Mortgage Securities VII, Inc.:
floater:
Series 2001-CDCA:
Class C, 3.89% 2/15/13 (b)(e)	10,495,000		10,208,264
Class D, 3.89% 2/15/13 (b)(e)	4,000,000		3,846,857
Series 2003-CDCA:
Class HEXB, 4.99% 2/15/15 (b)(e)	770,000		770,924
Class JEXB, 5.19% 2/15/15 (b)(e)	1,300,000		1,301,560
Class KEXB, 5.59% 2/15/15 (b)(e)	960,000		961,152
Series 2000-NL1 Class E, 7.0224% 10/15/30 (b)(e)	3,702,086		3,718,788
SDG Macerich Properties LP floater Series 2000-1 Class A3, 3.43% 5/15/09 (b)(e)	18,000,000		18,013,743
STRIPS III Ltd./STRIPS III Corp. floater Series 2004-1A Class A, 3.57% 3/24/18 (b)(e)	7,562,511		7,562,511
Wachovia Bank Commercial Mortgage Trust floater:
Series 2004-WHL3:
Class A2, 3.27% 3/15/14 (b)(e)	3,510,000		3,512,144
Class E, 3.59% 3/15/14 (b)(e)	2,190,000		2,193,952
Commercial Mortgage Securities - continued
	Principal Amount		Value
Wachovia Bank Commercial Mortgage Trust floater: - continued
Series 2004-WHL3: - continued
Class F, 3.64% 3/15/14 (b)(e)	$ 1,755,000		$ 1,758,107
Class G, 3.7338% 3/15/14 (b)(e)	875,000		877,351
Series 2005-WL5A:
Class KHP1, 3.3038% 1/15/18 (b)(e)	1,745,000		1,745,000
Class KHP2, 3.5038% 1/15/18 (b)(e)	1,745,000		1,745,000
Class KHP3, 3.8038% 1/15/18 (b)(e)	2,060,000		2,060,000
Class KHP4, 3.9038% 1/15/18 (b)(e)	1,600,000		1,600,000
Class KHP5, 4.1038% 1/15/18 (b)(e)	1,855,000		1,855,000
TOTAL COMMERCIAL MORTGAGE SECURITIES (Cost $390,657,351)		390,959,705
Cash Equivalents - 25.9%
	Maturity Amount
Investments in repurchase agreements (Collateralized by U.S. Government Obligations, in a joint trading account at 3.07%, dated 5/31/05 due 6/1/05) (h)	$ 1,282,214,372	1,282,105,000
With Goldman Sachs & Co. at 3.16%, dated 5/24/05 due 7/1/05 (Collateralized by Mortgage Loan Obligations valued at $270,300,000, 0.1%- 7%, 7/1/33 - 6/25/35) (e)(g)	265,883,922		265,032,595
TOTAL CASH EQUIVALENTS (Cost $1,547,105,000)		1,547,137,595
TOTAL INVESTMENT PORTFOLIO - 90.7% (Cost $5,407,032,447)		5,415,491,466
NET OTHER ASSETS - 9.3%		554,305,986
NET ASSETS - 100%		$ 5,969,797,452

Futures Contracts
	Expiration Date		Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Sold
Eurodollar Contracts
69 Eurodollar 90 Day Index Contracts	Dec. 2005		$ 68,330,700	$ (34,741)
39 Eurodollar 90 Day Index Contracts	March 2006		38,615,363	(24,937)
22 Eurodollar 90 Day Index Contracts	June 2006		21,779,725	(18,738)
17 Eurodollar 90 Day Index Contracts	Sept. 2006		16,827,450	(11,818)
16 Eurodollar 90 Day Index Contracts	Dec. 2006		15,835,400	(11,339)
14 Eurodollar 90 Day Index Contracts	March 2007		13,855,450	(10,731)
8 Eurodollar 90 Day Index Contracts	June 2007		7,916,900	(10,132)
7 Eurodollar 90 Day Index Contracts	Sept. 2007		6,926,938	(9,391)
6 Eurodollar 90 Day Index Contracts	Dec. 2007		5,936,775	(8,274)
6 Eurodollar 90 Day Index Contracts	March 2008		5,936,625	(8,649)
TOTAL EURODOLLAR CONTRACTS				(148,750)
Swap Agreements
			Notional Amount	Value
Credit Default Swap
Receive from Citibank, upon default event of DaimlerCrystler NA Holding Corp., par value of the notional amount of DaimlerCrystler NA Holding Corp. 7.2% 9/1/09, and pay quarterly notional amount multiplied by .8%	June 2007		$ 14,000,000	$ (103,830)
Receive quarterly notional amount multiplied by 1.12% and pay Morgan Stanley, Inc. upon default of Comcast Cable Communications, Inc., par value of the notional amount of Comcast Cable Communications, Inc. 6.75% 1/30/11	June 2006		10,000,000	126,737
TOTAL CREDIT DEFAULT SWAP			24,000,000	22,907
Total Return Swap
Receive monthly notional amount multiplied by the nominal spread appreciation of the Lehman Brothers CMBS U.S. Aggregate Index adjusted by a modified duration factor plus 25 basis points and pay monthly notional amount multiplied by the nominal spread depreciation of the Lehman Brothers CMBS U.S. Aggregate Index adjusted by a modified duration factor with Lehman Brothers, Inc.	Dec. 2005		30,000,000	0
TOTAL TOTAL RETURN SWAP			30,000,000	0
		$ 54,000,000		$ 22,907

Legend

(a) 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.

(b) 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 $575,074,282 or 9.6% of net assets.

(c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) 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 $997,591.

(e) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(f) Security represents right to receive monthly interest payments on an underlying pool of mortgages. Principal shown is the par amount of the mortgage pool.

(g) The maturity amount is based on the rate at period end.

(h) Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement/ Counterparty	Value
$1,282,105,000 due 6/1/05 at 3.07%
Banc of America Securities LLC.	$ 254,704,224
Bank of America, National Association	21,769,592
Barclays Capital Inc.	322,189,958
Countrywide Securities Corporation	87,078,367
Credit Suisse First Boston LLC	21,769,592
Morgan Stanley & Co. Incorporated.	288,447,091
UBS Securities LLC	283,004,693
Wachovia Capital Markets, LLC	3,141,483
	$ 1,282,105,000

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $5,406,642,758. Net unrealized appreciation aggregated $8,848,708, of which $13,002,077 related to appreciated investment securities and $4,153,369 related to depreciated investment securities.

Quarterly Report

Quarterly Holdings Report

for

Spartan ® Extended Market Index Fund

May 31, 2005

1.816014.100

SIF-QTLY-0705

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%
	Shares		Value
CONSUMER DISCRETIONARY - 18.5%
Auto Components - 0.6%
Aftermarket Technology Corp. (a)	8,308		$ 127,445
American Axle & Manufacturing Holdings, Inc.	22,016		455,731
Amerigon, Inc. (a)	3,487		13,774
ArvinMeritor, Inc.	31,656		455,846
Bandag, Inc.	6,237		288,648
BorgWarner, Inc.	27,948		1,494,100
Drew Industries, Inc. (a)	4,206		172,446
Dura Automotive Systems, Inc. Class A (sub. vtg.) (a)	4,532		19,352
Exide Technologies (a)	12,228		61,813
GenTek, Inc.	5,509		60,103
Gentex Corp.	81,554		1,458,186
Hayes Lemmerz International, Inc. (a)	9,600		62,400
IMPCO Technologies, Inc. (a)	5,261		17,467
Keystone Automotive Industries, Inc. (a)	5,238		103,398
Lear Corp.	33,476		1,262,045
LKQ Corp. (a)	5,631		139,761
Midas, Inc. (a)	9,230		216,905
Modine Manufacturing Co.	14,159		430,434
Noble International Ltd.	2,433		50,241
Quantum Fuel Systems Technologies Worldwide, Inc. (a)	11,619		49,381
R&B, Inc. (a)	2,806		37,741
Raytech Corp.	7,859		12,181
Sauer-Danfoss, Inc.	3,933		77,283
Shiloh Industries, Inc. (a)	7,998		90,457
Spartan Motors, Inc.	5,240		56,278
Sports Resorts International, Inc. (a)	10,786		14,777
Standard Motor Products, Inc.	9,163		103,267
Stoneridge, Inc. (a)	8,249		64,507
Strattec Security Corp. (a)	1,213		61,414
Superior Industries International, Inc.	15,308		346,726
Tenneco Automotive, Inc. (a)	16,885		253,275
TRW Automotive Holdings Corp. (a)	17,562		357,738
Zapata Corp. (a)	6,888		44,565
			8,459,685
Automobiles - 0.1%
Coachmen Industries, Inc.	4,577		56,068
Fleetwood Enterprises, Inc. (a)	23,765		227,431
Monaco Coach Corp.	10,568		173,421
National R.V. Holdings, Inc. (a)	1,403		12,445
Thor Industries, Inc.	17,668		536,400
Winnebago Industries, Inc.	17,350		567,172
			1,572,937
Distributors - 0.1%
All American Semiconductor, Inc. (a)	3,649		17,479
Amcon Distributing Co.	1,022		21,871
Andersons, Inc.	4,023		131,954
Aristotle Corp. (a)	3,170		21,715
Audiovox Corp. Class A (a)	5,832		85,322
	Shares		Value
Building Material Holding Corp.	8,849		$ 548,903
Design Within Reach, Inc.	7,015		98,350
Earle M. Jorgensen Co.	2,900		24,215
Handleman Co.	16,324		296,281
Magic Lantern Group, Inc. (a)	20,456		1,636
Prestige Brands Holdings, Inc.	12,173		206,941
Source Interlink Companies, Inc. (a)	16,553		161,392
			1,616,059
Diversified Consumer Services - 1.0%
Alderwoods Group, Inc. (a)	25,083		347,400
Bright Horizons Family Solutions, Inc. (a)	16,892		625,173
Career Education Corp. (a)	51,515		1,786,025
Carriage Services, Inc. Class A (a)	9,225		54,243
Collectors Universe, Inc. (a)	1,240		19,716
Corinthian Colleges, Inc. (a)	43,329		669,866
CPI Corp.	3,642		66,284
DeVry, Inc. (a)	33,321		684,747
Educate, Inc.	13,204		166,106
Education Management Corp. (a)	28,017		909,152
EVCI Career Colleges, Inc. (a)	1,029		5,135
Greg Manning Auctions, Inc. (a)	11,496		109,557
ITT Educational Services, Inc. (a)	21,597		980,288
Jackson Hewitt Tax Service, Inc.	15,628		323,500
Laureate Education, Inc. (a)	22,355		1,043,979
Learning Care Group, Inc. (a)	8,383		31,017
Mace Security International, Inc. (a)	8,918		23,630
Nobel Learning Communities, Inc. (a)	2,715		23,756
Pre-Paid Legal Services, Inc.	9,474		356,886
Princeton Review, Inc. (a)	7,132		39,012
Regis Corp.	22,463		848,652
Service Corp. International (SCI)	176,854		1,340,553
ServiceMaster Co.	151,413		1,968,369
Sothebys Holdings, Inc. Class A (ltd. vtg.) (a)	29,237		410,195
Stewart Enterprises, Inc. Class A	59,128		350,038
Strayer Education, Inc.	6,722		584,814
Universal Technical Institute, Inc. (a)	13,562		414,319
Vertrue, Inc. (a)	7,068		267,170
Weight Watchers International, Inc. (a)	21,962		1,068,451
			15,518,033
Hotels, Restaurants & Leisure - 3.0%
AFC Enterprises, Inc. (a)	14,159		361,055
Alliance Gaming Corp. (a)	25,308		328,751
AM-CH, Inc. (a)	17		2
Ambassadors Group, Inc.	5,008		181,039
American Wagering, Inc. (a)	4,600		7,544
Ameristar Casinos, Inc.	7,469		383,458
Applebee's International, Inc.	41,728		1,137,923
Argosy Gaming Co. (a)	13,166		610,507
Atlantic Coast Entertainment Holdings, Inc. warrants 7/23/11 (a)	5,539		0
Aztar Corp. (a)	16,196		517,300
Back Yard Burgers, Inc. (a)	4,772		28,537
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Bally Total Fitness Holding Corp. (a)	7,579		$ 23,040
Benihana, Inc. Class A (sub. vtg.) (a)	3,766		55,699
BJ's Restaurants, Inc. (a)	5,440		100,096
Bluegreen Corp. (a)	12,202		205,726
Bob Evans Farms, Inc.	19,931		466,385
Boyd Gaming Corp.	22,548		1,191,887
Brinker International, Inc. (a)	46,032		1,731,724
Buca, Inc. (a)	5,333		27,198
Buffalo Wild Wings, Inc. (a)	5,685		182,773
Caesars Entertainment, Inc. (a)	133,909		2,885,739
California Pizza Kitchen, Inc. (a)	7,242		173,808
CBRL Group, Inc.	24,935		1,015,353
CEC Entertainment, Inc. (a)	19,702		798,916
Cedar Fair LP (depository unit)	14,740		457,677
Champps Entertainment, Inc. (a)	6,082		48,960
Checkers Drive-In Restaurants, Inc. (a)	4,865		70,007
Choice Hotels International, Inc.	8,448		554,189
Churchill Downs, Inc.	5,154		221,931
CKE Restaurants, Inc.	27,522		454,113
Cosi, Inc. (a)	15,971		85,764
Dave & Buster's, Inc. (a)	4,974		89,333
Denny's Corp. (a)	22,300		88,531
Domino's Pizza, Inc.	15,096		345,547
Dover Downs Gaming & Entertainment, Inc.	3,715		43,948
Dover Motorsports, Inc.	22,686		130,671
Empire Resorts, Inc. (a)	7,884		37,449
Famous Dave's of America, Inc. (a)	6,737		73,096
Fox & Hound Restaurant Group (a)	4,959		60,996
Friendly Ice Cream Corp. (a)	6,031		63,929
Frisch's Restaurants, Inc.	2,711		66,691
Gaylord Entertainment Co. (a)	20,053		842,828
Great Wolf Resorts, Inc.	6,727		148,263
GTECH Holdings Corp.	60,963		1,721,595
IHOP Corp.	9,110		433,727
International Speedway Corp. Class A	16,650		910,089
Interstate Hotels & Resorts, Inc. (a)	17,282		79,497
Isle of Capri Casinos, Inc. (a)	8,830		219,690
Jack in the Box, Inc. (a)	16,364		678,779
Jameson Inns, Inc. (a)	8,935		19,300
John Q. Hammons Hotels, Inc. Class A (a)	5,736		132,559
Krispy Kreme Doughnuts, Inc. (a)	31,771		257,027
La Quinta Corp. unit (a)	85,753		743,479
Landry's Seafood Restaurants, Inc.	12,835		384,665
Las Vegas Sands Corp.	12,923		468,588
Life Time Fitness, Inc.	8,300		236,384
Littlefield Corp. (a)	500		335
Lone Star Steakhouse & Saloon, Inc.	12,892		389,467
Luby's, Inc. (a)	13,286		109,477
Marcus Corp.	12,502		275,419
	Shares		Value
Max & Erma's Restaurants, Inc. (a)	2,608		$ 38,494
McCormick & Schmick Seafood Restaurants	5,476		83,071
MGM MIRAGE (a)	60,811		2,316,291
Mikohn Gaming Corp. (a)	18,901		238,342
Monarch Casino & Resort, Inc. (a)	11,944		240,074
MTR Gaming Group, Inc. (a)	23,573		241,859
Multimedia Games, Inc. (a)	16,757		178,797
Navigant International, Inc. (a)	3,325		42,095
O'Charleys, Inc. (a)	7,853		145,830
Outback Steakhouse, Inc.	36,232		1,603,266
P.F. Chang's China Bistro, Inc. (a)	12,646		749,528
Panera Bread Co. Class A (a)	15,306		967,339
Papa John's International, Inc. (a)	6,591		257,049
Penn National Gaming, Inc. (a)	30,286		986,415
Pinnacle Entertainment, Inc. (a)	22,274		388,236
Rare Hospitality International, Inc. (a)	18,243		566,080
Red Robin Gourmet Burgers, Inc. (a)	5,597		307,163
Royal Caribbean Cruises Ltd.	50,754		2,340,267
Rubio's Restaurants, Inc. (a)	3,930		35,960
Ruby Tuesday, Inc.	29,292		740,795
Ryan's Restaurant Group, Inc. (a)	20,876		291,429
Scientific Games Corp. Class A (a)	30,825		734,560
Shuffle Master, Inc. (a)	18,171		497,885
Six Flags, Inc. (a)	32,313		142,500
Sonic Corp. (a)	31,277		1,063,418
SPEEDUS Corp. (a)	1,900		3,031
Speedway Motorsports, Inc.	5,863		201,101
Station Casinos, Inc.	24,575		1,599,833
Steak n Shake Co. (a)	17,661		363,640
Texas Roadhouse, Inc. Class A	11,447		350,965
The Cheesecake Factory, Inc. (a)	40,139		1,417,308
Triarc Companies, Inc. Class B	18,252		262,829
Vail Resorts, Inc. (a)	13,992		384,780
Westcoast Hospitality Corp. (a)	3,357		23,130
WMS Industries, Inc. (a)	9,136		290,251
Worldwide Restaurant Concepts, Inc. (a)	4,580		29,358
Wyndham International, Inc. Class A (a)	50,062		48,060
Wynn Resorts Ltd. (a)	35,351		1,656,194
Youbet.com, Inc. (a)	5,895		28,591
			45,214,274
Household Durables - 2.4%
Advanced Lighting Technologies, Inc. (a)	2,400		0
American Greetings Corp. Class A	32,953		856,119
Applica, Inc. (a)	6,082		17,395
Avatar Holdings, Inc. (a)	2,519		120,660
Bassett Furniture Industries, Inc.	8,703		169,970
Beazer Homes USA, Inc.	18,129		969,176
Blount International, Inc. (a)	13,547		239,240
Blyth, Inc.	18,421		522,051
Boston Acoustics, Inc.	4,180		62,115
Brillian Corp. (a)	1,316		4,106
Brookfield Homes Corp.	7,239		331,981
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Household Durables - continued
California Coastal Communities, Inc. (a)	3,836		$ 113,507
Cavalier Homes, Inc. (a)	13,027		47,549
Cavco Industries, Inc. (a)	1,598		43,002
Champion Enterprises, Inc. (a)	44,107		429,161
Cobra Electronics Corp. (a)	1,132		8,037
Craftmade International, Inc.	2,794		46,629
CSS Industries, Inc.	3,326		102,441
D.R. Horton, Inc.	146,325		5,058,455
Department 56, Inc. (a)	11,079		123,642
Dixie Group, Inc. (a)	2,499		37,035
Dominion Homes, Inc. (a)	2,526		39,229
Emerson Radio Corp. (a)	9,263		23,899
Enesco Group, Inc. (a)	4,116		15,847
Ethan Allen Interiors, Inc.	17,753		553,894
Fedders Corp.	13,593		30,176
Flexsteel Industries, Inc.	3,192		44,720
Foamex International, Inc. (a)	8,514		13,026
Furniture Brands International, Inc.	22,839		459,292
Harman International Industries, Inc.	33,236		2,753,935
Helen of Troy Ltd. (a)	8,451		195,218
Hovnanian Enterprises, Inc. Class A (a)	16,862		1,047,130
Interface, Inc. Class A (a)	27,417		209,740
Jarden Corp. (a)	13,163		669,733
Juno Lighting, Inc.	3,327		133,080
Kimball International, Inc. Class B	25,065		308,300
Knape & Vogt Manufacturing Co.	5,554		62,483
La-Z-Boy, Inc.	22,445		299,641
Lennar Corp. Class A	67,186		3,897,460
Levitt Corp. Class A	6,600		190,080
Libbey, Inc.	4,937		94,050
Lifetime Hoan Corp.	5,543		94,564
M.D.C. Holdings, Inc.	15,464		1,116,655
M/I Homes, Inc.	5,737		289,604
Meritage Homes Corp. (a)	10,834		787,848
Mestek, Inc. (a)	3,426		88,151
MITY Enterprises, Inc. (a)	3,184		46,805
Mohawk Industries, Inc. (a)	26,313		2,195,030
National Presto Industries, Inc.	1,847		79,144
NVR, Inc. (a)	2,795		2,121,405
Oneida Ltd. (a)	5,004		11,759
Orleans Homebuilders, Inc.	4,454		99,770
Palm Harbor Homes, Inc. (a)	9,454		177,073
Russ Berrie & Co., Inc.	6,705		87,232
Ryland Group, Inc.	23,670		1,621,395
Salton, Inc. (a)	2,717		2,826
Skyline Corp.	2,444		95,560
Standard Pacific Corp.	15,711		1,258,765
Stanley Furniture Co., Inc.	1,809		76,430
Technical Olympic USA, Inc.	5,107		111,843
Tempur-Pedic International, Inc. (a)	21,110		492,496
The Rowe Companies (a)	1,881		7,261
	Shares		Value
Toll Brothers, Inc. (a)	24,018		$ 2,223,827
Tupperware Corp.	27,093		612,302
Universal Electronics, Inc. (a)	13,861		231,201
Virco Manufacturing Co. (a)	4,818		34,690
WCI Communities, Inc. (a)	19,905		595,160
William Lyon Homes, Inc. (a)	2,212		199,080
Yankee Candle Co., Inc.	24,556		774,742
			35,875,822
Internet & Catalog Retail - 1.0%
1-800 CONTACTS, Inc. (a)	3,181		62,157
1-800-FLOWERS.com, Inc. Class A (a)	19,046		141,131
Alloy, Inc. (a)	36,576		188,001
Amazon.com, Inc. (a)	149,741		5,317,303
Audible, Inc. (a)	9,878		163,876
Blair Corp.	6,269		244,804
Blue Nile, Inc.	4,402		131,576
Bluefly, Inc. (a)	1,778		2,916
Coldwater Creek, Inc. (a)	15,157		340,578
Drugstore.com, Inc. (a)	21,155		72,773
eCost.com, Inc.	4,291		13,568
FTD Group, Inc.	8,626		92,298
Gaiam, Inc. Class A (a)	3,743		22,309
GSI Commerce, Inc. (a)	10,161		150,789
Hollywood Media Corp. (a)	26,946		125,029
IAC/InterActiveCorp (a)	256,492		6,284,054
Insight Enterprises, Inc. (a)	24,899		487,522
J. Jill Group, Inc. (a)	8,325		106,144
MediaBay, Inc. (a)	5,988		3,234
Netflix, Inc. (a)	17,962		256,677
Overstock.com, Inc. (a)	5,574		213,428
Paragon Financial Corp. (a)	29,504		1,623
PC Mall, Inc. (a)	3,555		17,594
PhotoWorks, Inc. (a)	8,140		1,221
Priceline.com, Inc. (a)	11,020		263,929
Provide Commerce, Inc. (a)	4,254		98,310
RedEnvelope, Inc. (a)	5,119		50,934
Sportsmans Guide, Inc. (a)	3,969		67,469
Stamps.com, Inc. (a)	13,411		299,870
Systemax, Inc. (a)	10,200		64,974
ValueVision Media, Inc. Class A (a)	11,622		111,804
Varsity Group, Inc. (a)	4,794		28,860
			15,426,755
Leisure Equipment & Products - 0.4%
Action Performance Companies, Inc.	4,434		41,281
Adams Golf, Inc. (a)	9,544		11,071
Aldila, Inc.	300		6,972
Arctic Cat, Inc.	8,551		184,702
Boyds Collection, Ltd. (a)	13,297		29,120
Callaway Golf Co.	37,554		439,006
Concord Camera Corp. (a)	6,760		8,788
Escalade, Inc.	6,336		91,682
Excelligence Learning Corp. (a)	3,829		23,548
Fairchild Corp. Class A (a)	9,497		21,843
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Leisure Equipment & Products - continued
JAKKS Pacific, Inc. (a)	10,295		$ 212,798
Johnson Outdoors, Inc. Class A (a)	1,929		33,777
K2, Inc. (a)	20,086		252,883
Leapfrog Enterprises, Inc. Class A (a)	23,870		264,480
Marine Products Corp.	11,382		171,868
MarineMax, Inc. (a)	5,886		161,983
Marvel Enterprises, Inc. (a)	44,266		941,538
Meade Instruments Corp. (a)	4,023		11,103
Nautilus, Inc.	13,448		360,003
Oakley, Inc.	14,586		214,414
Polaris Industries, Inc.	21,858		1,146,889
RC2 Corp. (a)	8,884		320,179
SCP Pool Corp.	25,663		919,249
Steinway Musical Instruments, Inc. (a)	3,201		90,652
Sturm Ruger & Co., Inc.	11,303		92,006
			6,051,835
Media - 5.1%
4Kids Entertainment, Inc. (a)	5,021		95,399
ACME Communications, Inc. (a)	6,362		25,194
ACT Teleconferencing, Inc. (a)	2,700		1,593
ADVO, Inc.	14,262		442,835
Arbitron, Inc.	14,915		601,671
Ballantyne of Omaha, Inc. (a)	30		131
Beasley Broadcast Group, Inc. Class A (a)	4,117		66,201
Belo Corp. Series A	50,084		1,231,065
Brilliant Digital Entertainment, Inc. (a)	4,500		225
Cablevision Systems Corp. - NY Group Class A (a)	115,408		2,952,137
Cadmus Communications Corp.	4,716		74,984
Carmike Cinemas, Inc.	7,620		249,250
Catalina Marketing Corp.	23,554		565,296
Charter Communications, Inc. Class A (a)	97,245		110,859
Citadel Broadcasting Corp. (a)	24,894		295,492
CKX, Inc. (a)	8,174		215,794
Courier Corp.	5,166		181,017
Cox Radio, Inc. Class A (a)	21,705		353,140
Crown Media Holdings, Inc. Class A (a)	4,844		45,485
Cumulus Media, Inc. Class A (a)	33,745		421,475
Dex Media, Inc.	57,742		1,271,479
Digital Generation Systems, Inc. (a)	16,431		17,910
DreamWorks Animation SKG, Inc. Class A	21,752		639,509
E.W. Scripps Co. Class A	42,964		2,195,460
EchoStar Communications Corp. Class A	109,433		3,198,727
EMAK Worldwide, Inc. (a)	3,798		41,778
Emmis Communications Corp. Class A (a)	25,583		454,354
Entercom Communications Corp. Class A (a)	25,148		834,914
Entravision Communications Corp. Class A (a)	23,214		172,480
	Shares		Value
Fisher Communications, Inc. (a)	2,738		$ 139,200
Franklin Electronic Publishers, Inc. (a)	2,339		8,771
Gemstar-TV Guide International, Inc. (a)	122,221		415,551
Getty Images, Inc. (a)	22,977		1,719,599
Granite Broadcasting Corp. (non vtg.) (a)	6,146		1,045
Gray Television, Inc.	27,891		327,719
Harris Interactive, Inc. (a)	41,822		206,182
Harte-Hanks, Inc.	27,164		795,634
Hearst-Argyle Television, Inc.	16,843		420,401
Hollinger International, Inc. Class A	17,916		165,723
Image Entertainment, Inc. (a)	7,100		28,471
Insight Communications, Inc. Class A (a)	27,678		312,761
Insignia Systems, Inc. (a)	4,959		4,463
Interactive Data Corp. (a)	16,219		349,195
Interep National Radio Sales, Inc. Class A (a)	2,901		1,451
John Wiley & Sons, Inc. Class A	20,074		777,868
Journal Communications, Inc. Class A	40,106		671,776
Journal Register Co. (a)	23,387		388,458
Knology, Inc. (a)	9,513		17,951
Lakes Entertainment, Inc. (a)	8,578		106,625
Lamar Advertising Co. Class A (a)	41,501		1,735,572
Lee Enterprises, Inc.	21,725		901,588
Liberty Corp., South Carolina	8,893		321,126
Liberty Media Corp. Class A (a)	1,302,986		13,538,025
Liberty Media International, Inc. Class A (a)	79,849		3,346,472
LIN TV Corp. Class A (a)	17,098		248,776
LodgeNet Entertainment Corp. (a)	13,711		232,539
Martha Stewart Living Omnimedia, Inc. Class A (a)	8,771		227,169
Media General, Inc. Class A	9,891		604,340
Mediacom Communications Corp. Class A (a)	39,749		241,674
Morningstar, Inc.	4,189		91,949
National Lampoon, Inc. (a)	1,200		5,100
Navarre Corp. (a)	8,023		72,207
New Frontier Media, Inc. (a)	3,930		23,580
Nexstar Broadcasting Group, Inc. (a)	3,834		21,432
NTL, Inc. (a)	35,380		2,274,226
NTN Communications, Inc. (a)	16,316		35,569
Paxson Communications Corp. Class A (a)	15,438		11,579
Pegasus Communications Corp. Class A (a)	1,786		10,895
Penton Media, Inc. (a)	11,976		5,269
Pixar (a)	26,002		1,371,085
Playboy Enterprises, Inc. Class B (non-vtg.) (a)	6,732		85,294
Point.360 (a)	2,433		7,250
PRIMEDIA, Inc. (a)	73,347		267,717
ProQuest Co. (a)	14,343		460,410
Pulitzer, Inc.	3,374		215,801
R.H. Donnelley Corp. (a)	15,370		944,948
Radio One, Inc. Class A (a)	48,606		613,408
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
Radio Unica Communications Corp. (a)	1,600		$ 0
RCN Corp. (a)	17,600		363,616
Reading International, Inc. Class A (a)	3,181		21,185
Regal Entertainment Group Class A	24,182		480,980
Regent Communication, Inc. (a)	13,099		78,594
Rentrak Corp. (a)	6,275		63,064
Saga Communications, Inc. Class A (a)	5,932		81,862
Salem Communications Corp. Class A (a)	6,831		124,119
Scholastic Corp. (a)	16,941		635,626
Sinclair Broadcast Group, Inc. Class A	29,981		264,133
Sirius Satellite Radio, Inc. (a)	582,266		3,516,887
Spanish Broadcasting System, Inc. Class A (a)	18,581		160,726
SPAR Group, Inc. (a)	4,346		9,300
The DIRECTV Group, Inc. (a)	470,039		7,017,682
The McClatchy Co. Class A	9,032		623,208
The Reader's Digest Association, Inc. (non-vtg.)	43,927		744,123
Thomas Nelson, Inc.	4,973		115,622
TiVo, Inc. (a)	43,101		290,501
Traffix, Inc.	3,088		14,822
UnitedGlobalCom, Inc. Class A (a)	187,169		1,703,238
Valassis Communications, Inc. (a)	25,766		893,823
Value Line, Inc.	523		18,995
Warner Music Group Corp.	16,949		277,964
Washington Post Co. Class B	3,655		3,033,650
Westwood One, Inc.	39,548		785,028
World Wrestling Entertainment, Inc. Class A	10,638		115,316
WPT Enterprises, Inc.	6,993		114,965
XM Satellite Radio Holdings, Inc. Class A (a)	103,896		3,336,101
Young Broadcasting, Inc. Class A (a)	4,865		28,022
			76,442,850
Multiline Retail - 0.4%
99 Cents Only Stores (a)	22,074		267,537
Conn's, Inc. (a)	6,864		131,034
Dollar Tree Stores, Inc. (a)	56,978		1,413,054
Fred's, Inc. Class A	20,065		297,564
Gottschalks, Inc. (a)	300		3,225
Neiman Marcus Group, Inc. Class A	20,828		2,010,943
Retail Ventures, Inc. (a)	21,851		246,261
Saks, Inc.	62,747		1,075,484
ShopKo Stores, Inc. (a)	19,704		467,182
The Bon-Ton Stores, Inc.	6,038		109,107
Tuesday Morning Corp. (a)	14,824		450,501
			6,471,892
Specialty Retail - 3.7%
Aaron Rents, Inc.	20,129		455,117
Abercrombie & Fitch Co. Class A	43,359		2,485,771
AC Moore Arts & Crafts, Inc. (a)	7,682		228,616
	Shares		Value
Advance Auto Parts, Inc. (a)	35,807		$ 2,122,281
Aeropostale, Inc. (a)	27,781		757,032
America's Car Mart, Inc. (a)	3,022		64,671
American Eagle Outfitters, Inc.	59,686		1,689,114
AnnTaylor Stores Corp. (a)	33,448		861,620
Asbury Automotive Group, Inc. (a)	11,092		163,052
Barnes & Noble, Inc. (a)	25,795		976,341
bebe Stores, Inc.	5,979		230,251
Big 5 Sporting Goods Corp.	11,825		308,514
Big Dog Holdings, Inc. (a)	2,572		17,412
Blockbuster, Inc. Class A	88,517		808,160
Books-A-Million, Inc.	7,672		64,598
Borders Group, Inc.	41,602		1,052,115
Brookstone Co., Inc. (a)	10,528		212,034
Build-A-Bear Workshop, Inc.	5,718		156,673
Burlington Coat Factory Warehouse Corp.	11,907		394,717
Cabela's, Inc. Class A	20,630		427,454
Cache, Inc. (a)	6,059		79,252
CarMax, Inc. (a)	52,687		1,345,099
Casual Male Retail Group, Inc. (a)	9,009		63,513
Charlotte Russe Holding, Inc. (a)	9,874		117,994
Charming Shoppes, Inc. (a)	47,005		424,455
Chico's FAS, Inc. (a)	89,744		3,070,142
Christopher & Banks Corp.	15,833		289,744
Claire's Stores, Inc.	38,748		913,678
Cost Plus, Inc. (a)	14,259		331,664
CSK Auto Corp. (a)	21,658		366,670
Deb Shops, Inc.	3,517		106,249
Dick's Sporting Goods, Inc. (a)	15,872		574,090
Dress Barn, Inc. (a)	9,963		180,330
E Com Ventures, Inc. (a)	1,076		15,333
Electronics Boutique Holding Corp. (a)	7,459		442,393
Emerging Vision, Inc. (a)	5,700		798
Finish Line, Inc. Class A	22,102		440,272
Finlay Enterprises, Inc. (a)	2,122		27,544
Foot Locker, Inc.	77,313		2,041,836
Franklin Covey Co. (a)	2,994		18,563
GameStop Corp.:
Class A (a)	25,659		748,216
Class B (a)	3,927		105,401
Gander Mountain Co. (a)	2,718		33,676
Genesco, Inc. (a)	10,948		374,969
Goody's Family Clothing, Inc.	14,429		102,446
Group 1 Automotive, Inc. (a)	10,990		293,543
Guess?, Inc. (a)	13,986		235,524
Guitar Center, Inc. (a)	12,543		714,826
Gymboree Corp. (a)	10,974		145,296
Hancock Fabrics, Inc.	6,826		40,205
Haverty Furniture Companies, Inc.	7,633		107,854
Hibbett Sporting Goods, Inc. (a)	10,968		385,196
Hot Topic, Inc. (a)	27,947		600,022
Jo-Ann Stores, Inc. (a)	10,058		269,052
Jos. A. Bank Clothiers, Inc. (a)	6,501		256,269
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Kirkland's, Inc. (a)	4,549		$ 40,441
Linens 'N Things, Inc. (a)	22,476		547,740
Lithia Motors, Inc. Class A (sub. vtg.)	6,077		161,648
Major Automotive Companies, Inc. (a)	1,420		1,434
Michaels Stores, Inc.	68,174		2,870,807
Monro Muffler Brake, Inc. (a)	3,653		98,156
Mothers Work, Inc. (a)	1,684		22,953
Movie Gallery, Inc.	10,646		340,246
New York & Co., Inc.	5,028		91,510
O'Reilly Automotive, Inc. (a)	27,034		1,501,739
Pacific Sunwear of California, Inc. (a)	38,417		806,757
Party City Corp. (a)	4,304		57,544
Payless ShoeSource, Inc. (a)	33,037		556,013
PETCO Animal Supplies, Inc. (a)	19,156		576,404
PETsMART, Inc.	74,020		2,351,615
Pier 1 Imports, Inc.	38,531		646,935
Pomeroy IT Solutions, Inc. (a)	3,930		49,479
Rent-A-Center, Inc. (a)	32,890		778,177
Rent-Way, Inc. (a)	6,653		61,673
Restoration Hardware, Inc. (a)	8,795		62,269
Rex Stores Corp. (a)	2,776		38,864
Ross Stores, Inc.	76,462		2,154,699
Select Comfort Corp. (a)	20,930		508,599
Sharper Image Corp. (a)	4,600		61,134
Shoe Carnival, Inc. (a)	3,930		72,037
Sonic Automotive, Inc. Class A (sub. vtg.)	14,823		316,026
Sports Authority, Inc. (a)	15,457		494,624
Stage Stores, Inc. (a)	9,703		378,902
Stein Mart, Inc. (a)	15,865		381,712
Syms Corp.	3,930		51,404
Talbots, Inc.	13,392		397,073
TBC Corp. New (a)	12,482		318,665
The Bombay Company, Inc. (a)	12,084		64,408
The Buckle, Inc.	7,245		285,888
The Cato Corp. Class A (sub. vtg.)	9,142		263,838
The Children's Place Retail Stores, Inc. (a)	7,649		357,285
The Men's Wearhouse, Inc. (a)	16,237		834,095
The Pantry, Inc. (a)	12,174		471,012
The Pep Boys - Manny, Moe & Jack	29,619		395,710
Too, Inc. (a)	17,843		354,719
Tractor Supply Co. (a)	19,409		862,148
Trans World Entertainment Corp. (a)	16,560		215,280
Tweeter Home Entertainment Group, Inc. (a)	5,520		19,541
United Auto Group, Inc.	9,086		279,849
United Retail Group, Inc. (a)	2,807		19,481
Urban Outfitters, Inc. (a)	28,198		1,504,081
West Marine, Inc. (a)	7,073		117,341
Wet Seal, Inc. Class A (a)	7,568		32,240
	Shares		Value
Whitehall Jewellers, Inc. (a)	4,164		$ 30,189
Williams-Sonoma, Inc. (a)	45,981		1,808,433
Wilsons Leather Experts, Inc. (a)	22,999		135,004
Winmark Corp. (a)	2,614		53,587
YouthStream Media Networks, Inc. (a)	1,300		208
Zale Corp. (a)	27,363		853,178
			54,492,451
Textiles, Apparel & Luxury Goods - 0.7%
Ashworth, Inc. (a)	4,840		46,464
Brown Shoe Co., Inc.	9,746		342,085
Candies, Inc. (a)	9,733		51,682
Carter's, Inc. (a)	9,051		422,229
Charles & Colvard Ltd. (a)	4,210		85,126
Cherokee, Inc.	3,331		117,651
Columbia Sportswear Co. (a)	7,295		329,150
Culp, Inc. (a)	4,772		20,758
Cutter & Buck, Inc.	14,375		188,744
Deckers Outdoor Corp. (a)	4,587		111,097
Delta Apparel, Inc.	3,327		97,714
Delta Woodside Industries, Inc. (a)	200		130
Everlast Worldwide, Inc. (a)	200		1,400
Fossil, Inc. (a)	18,683		398,882
G-III Apparel Group Ltd. (a)	4,576		32,947
Haggar Corp.	3,480		64,241
Hampshire Group Ltd. (a)	936		37,215
Hartmarx Corp. (a)	12,514		118,633
Innovo Group, Inc. (a)	3,410		19,983
K-Swiss, Inc. Class A	10,498		336,986
Kellwood Co.	14,721		370,380
Kenneth Cole Productions, Inc. Class A (sub. vtg.)	6,696		201,550
Mossimo, Inc. (a)	2,730		11,603
Movado Group, Inc.	6,936		116,941
Oshkosh B'Gosh, Inc. Class A	8,121		210,171
Oxford Industries, Inc.	8,404		300,527
Perry Ellis International, Inc. (a)	2,111		42,220
Phillips-Van Heusen Corp.	11,326		350,993
Polo Ralph Lauren Corp. Class A	29,779		1,153,936
Quaker Fabric Corp. (a)	5,848		20,351
Quiksilver, Inc. (a)	55,596		885,088
Rocky Shoes Boots, Inc. (a)	2,631		77,851
Russell Corp.	20,101		375,889
Samsonite Corp. (a)	2,743		2,167
Saucony, Inc. Class B	3,478		68,169
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	9,818		124,394
Sport-Haley, Inc. (a)	100		351
Steven Madden Ltd. (a)	3,930		69,797
Stride Rite Corp.	15,092		179,444
Superior Uniform Group, Inc.	4,343		60,151
Tandy Brands Accessories, Inc.	1,058		13,902
Tarrant Apparel Group (a)	9,692		26,362
Timberland Co. Class A (a)	20,358		750,396
Unifi, Inc. (a)	11,964		38,404
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - continued
Unifirst Corp.	7,281		$ 266,485
Warnaco Group, Inc. (a)	18,493		394,641
Weyco Group, Inc.	1,122		21,509
Wolverine World Wide, Inc.	30,586		702,866
			9,659,655
TOTAL CONSUMER DISCRETIONARY			276,802,248
CONSUMER STAPLES - 3.6%
Beverages - 0.3%
Boston Beer Co., Inc. Class A (a)	3,368		71,098
Coca-Cola Bottling Co. Consolidated	2,129		103,257
Constellation Brands, Inc. Class A (sub. vtg.) (a)	94,806		2,636,555
Hansen Natural Corp. (a)	2,092		155,938
MGP Ingredients, Inc.	3,212		26,852
National Beverage Corp.	11,130		91,266
PepsiAmericas, Inc.	36,330		879,913
Vermont Pure Holdings Ltd. (a)	4,384		7,979
			3,972,858
Food & Staples Retailing - 0.8%
7-Eleven, Inc. (a)	15,002		447,810
Arden Group, Inc. Class A	749		61,418
BJ's Wholesale Club, Inc. (a)	34,464		1,039,090
Casey's General Stores, Inc.	24,501		441,998
Central European Distribution Corp. (a)	5,516		183,959
Foodarama Supermarkets (a)	590		18,290
Fresh Brands, Inc. (a)	3,849		25,942
Ingles Markets, Inc. Class A	7,689		97,189
Longs Drug Stores Corp.	18,187		746,394
Marsh Supermarkets, Inc. Class B	3,767		47,653
Nash-Finch Co.	5,652		201,098
NeighborCare, Inc. (a)	21,143		634,501
Pathmark Stores, Inc. (a)	20,086		179,770
Performance Food Group Co. (a)	25,594		692,574
Pricesmart, Inc. (a)	21,057		147,399
Rite Aid Corp. (a)	209,927		831,311
Ruddick Corp.	21,523		517,198
Smart & Final, Inc. (a)	8,436		91,531
Spartan Stores, Inc. (a)	7,298		94,144
The Great Atlantic & Pacific Tea Co. (a)	9,076		226,265
Topps Co., Inc.	25,992		242,245
United Natural Foods, Inc. (a)	16,102		522,349
Weis Markets, Inc.	6,612		242,925
Whole Foods Market, Inc.	30,435		3,621,156
Wild Oats Markets, Inc. (a)	12,280		138,027
			11,492,236
Food Products - 1.7%
Alico, Inc. (a)	3,393		174,740
American Italian Pasta Co. Class A	10,263		236,152
	Shares		Value
Bridgford Foods Corp. (a)	4,789		$ 37,163
Bunge Ltd.	53,864		3,341,723
Calavo Growers, Inc.	7,029		73,052
Chiquita Brands International, Inc.	20,132		585,439
Corn Products International, Inc.	37,259		823,051
Darling International, Inc. (a)	19,466		72,414
Dean Foods Co. (a)	76,163		2,968,072
Del Monte Foods Co. (a)	103,524		1,080,791
Delta & Pine Land Co.	23,202		626,454
Farmer Brothers Co.	6,050		145,200
Flowers Foods, Inc.	22,403		731,458
Fresh Del Monte Produce, Inc.	8,732		254,276
Galaxy Nutritional Foods, Inc. (a)	5,579		11,437
Gardenburger, Inc. (a)	5,600		448
Gold Kist, Inc. Delaware	24,839		518,638
Green Mountain Coffee Roasters, Inc. (a)	2,713		90,262
Griffin Land & Nurseries, Inc.	1,112		26,688
Hain Celestial Group, Inc. (a)	18,331		329,958
Hines Horticulture, Inc. (a)	5,290		18,780
Hormel Foods Corp.	37,610		1,114,008
J&J Snack Foods Corp.	2,433		120,093
John B. Sanfilippo & Son, Inc. (a)	4,719		99,807
Kraft Foods, Inc. Class A	128,742		4,176,390
Lancaster Colony Corp.	15,611		685,947
Lance, Inc.	14,940		264,139
Lifeway Foods, Inc. (a)	4,862		63,498
M&F Worldwide Corp. (a)	6,406		81,933
Maui Land & Pineapple, Inc. (a)	3,029		125,128
Monterey Gourmet Foods, Inc. (a)	4,304		12,998
Northland Cranberries, Inc. Class A	31,116		10,579
Omega Protein Corp. (a)	5,131		36,430
Peet's Coffee & Tea, Inc. (a)	10,925		310,161
Pilgrims Pride Corp. Class B	10,858		382,745
Poore Brothers, Inc. (a)	3,448		11,103
Ralcorp Holdings, Inc.	15,354		585,602
Sanderson Farms, Inc.	9,699		367,592
Seaboard Corp.	182		244,790
Smithfield Foods, Inc. (a)	42,271		1,260,944
Tasty Baking Co.	4,304		34,432
The J.M. Smucker Co.	27,470		1,368,281
Tootsie Roll Industries, Inc.	12,755		394,767
Tyson Foods, Inc. Class A	117,966		2,177,652
			26,075,215
Household Products - 0.3%
Central Garden & Pet Co. Class A (a)	8,965		397,598
Church & Dwight Co., Inc.	28,771		1,040,359
Energizer Holdings, Inc. (a)	34,198		2,150,370
Katy Industries, Inc. (a)	1,778		6,205
Oil-Dri Corp. of America	4,520		77,292
Spectrum Brands, Inc. (a)	19,299		713,484
WD-40 Co.	11,405		330,517
			4,715,825
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Personal Products - 0.4%
Carrington Laboratories, Inc. (a)	5,146		$ 19,143
Chattem, Inc. (a)	6,665		285,929
Elizabeth Arden, Inc. (a)	13,382		281,290
Estee Lauder Companies, Inc. Class A	66,570		2,602,221
Integrated Biopharma, Inc. (a)	2,198		9,781
Inter Parfums, Inc.	6,365		112,979
Mannatech, Inc.	7,829		126,125
MediFast, Inc. (a)	1,591		4,884
Nature's Sunshine Products, Inc.	4,464		73,522
NBTY, Inc. (a)	32,713		727,537
Nu Skin Enterprises, Inc. Class A	24,929		563,146
Parlux Fragrances, Inc. (a)	6,559		163,844
Playtex Products, Inc. (a)	21,944		236,556
Reliv International, Inc.	10,690		112,245
Revlon, Inc. Class A (sub. vtg.) (a)	66,788		198,360
USANA Health Sciences, Inc. (a)	6,765		296,984
Weider Nutrition International, Inc. Class A (a)	11,731		47,862
			5,862,408
Tobacco - 0.1%
Alliance One International, Inc.	44,284		283,860
Star Scientific, Inc. (a)	16,374		94,969
Universal Corp.	11,642		516,905
Vector Group Ltd.	14,541		249,378
			1,145,112
TOTAL CONSUMER STAPLES			53,263,654
ENERGY - 6.9%
Energy Equipment & Services - 2.5%
Atwood Oceanics, Inc. (a)	8,251		472,700
Cal Dive International, Inc. (a)	17,564		797,406
Carbo Ceramics, Inc.	5,380		385,423
Cooper Cameron Corp. (a)	27,419		1,620,737
Dawson Geophysical Co. (a)	4,846		100,797
Diamond Offshore Drilling, Inc.	30,513		1,441,739
Dril-Quip, Inc. (a)	4,548		124,388
ENSCO International, Inc.	75,804		2,524,273
FMC Technologies, Inc. (a)	34,078		1,075,161
Global Industries Ltd. (a)	37,546		321,018
GlobalSantaFe Corp.	107,447		3,936,858
Grant Prideco, Inc. (a)	62,659		1,505,069
Grey Wolf, Inc. (a)	88,825		583,580
Gulf Island Fabrication, Inc.	3,684		74,048
Gulfmark Offshore, Inc. (a)	10,032		251,402
Hanover Compressor Co. (a)	34,905		364,059
Helmerich & Payne, Inc.	23,830		988,230
Hornbeck Offshore Services, Inc.	8,107		199,838
Hydril Co. (a)	8,498		441,131
Infinity, Inc. (a)	5,988		49,401
Input/Output, Inc. (a)	34,941		207,200
	Shares		Value
Lone Star Technologies, Inc. (a)	14,342		$ 594,476
Lufkin Industries, Inc.	7,580		218,531
Matrix Service Co. (a)	3,632		15,000
Maverick Tube Corp. (a)	21,774		657,793
Metretek Technologies, Inc. (a)	2,400		6,120
Mitcham Industries, Inc. (a)	400		2,808
NATCO Group, Inc. Class A (a)	2,713		29,192
Newpark Resources, Inc. (a)	63,182		385,410
NS Group, Inc. (a)	9,804		282,551
Oceaneering International, Inc. (a)	10,914		398,361
Offshore Logistics, Inc. (a)	10,557		330,645
Oil States International, Inc. (a)	18,420		426,607
Parker Drilling Co. (a)	44,390		253,023
Patterson-UTI Energy, Inc.	84,291		2,232,869
Petroleum Helicopters, Inc. (non-vtg.) (a)	512		14,592
Pioneer Drilling Co. (a)	18,500		258,815
Pride International, Inc. (a)	61,810		1,393,816
Royale Energy, Inc.	5,582		30,478
RPC, Inc.	7,119		105,148
Seabulk International, Inc. (a)	4,948		97,030
SEACOR Holdings, Inc. (a)	10,793		626,642
Smith International, Inc.	52,184		3,066,332
Superior Energy Services, Inc. (a)	42,731		668,740
T-3 Energy Services, Inc. (a)	4,721		33,519
TETRA Technologies, Inc. (a)	12,596		347,650
Tidewater, Inc.	25,835		893,891
TODCO Class A (a)	36,215		825,340
Unit Corp. (a)	21,049		821,332
Universal Compression Holdings, Inc. (a)	9,324		318,881
Veritas DGC, Inc. (a)	16,554		446,958
W-H Energy Services, Inc. (a)	18,543		401,827
Weatherford International Ltd. (a)	66,213		3,480,817
			37,129,652
Oil, Gas & Consumable Fuels - 4.4%
Abraxas Petroleum Corp. (a)	7,953		21,791
Adams Resources & Energy, Inc.	8,021		135,154
Alliance Resource Partners LP	3,475		247,455
Alpha Natural Resources, Inc.	12,974		310,079
APCO Argentina, Inc.	2,706		102,828
Arch Coal, Inc.	31,125		1,508,006
Atlas America, Inc.	1,785		55,799
ATP Oil & Gas Corp. (a)	10,098		212,967
Barnwell Industries, Inc.	1,058		64,803
Berry Petroleum Co. Class A	9,887		470,226
Bill Barrett Corp.	6,030		183,614
BP Prudhoe Bay Royalty Trust	8,577		554,846
BPZ Energy, Inc. (a)	464		2,134
Brigham Exploration Co. (a)	34,475		291,659
Buckeye Partners LP	8,566		381,187
Cabot Oil & Gas Corp.	24,339		763,028
Callon Petroleum Co. (a)	15,101		213,679
Carrizo Oil & Gas, Inc. (a)	5,427		81,839
Castle Energy Corp.	4,491		58,383
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Chaparral Resources, Inc. (a)	13,947		$ 26,639
Chesapeake Energy Corp.	135,427		2,772,191
Cimarex Energy Co. (a)	18,425		693,333
Clayton Williams Energy, Inc. (a)	2,328		63,601
Comstock Resources, Inc. (a)	20,493		467,650
CONSOL Energy, Inc.	44,441		2,126,502
Copano Energy LLC	6,957		207,666
CREDO Petroleum Corp. (a)	1,419		21,909
Cross Timbers Royalty Trust	1,715		66,130
Crosstex Energy LP	846		31,048
Crosstex Energy, Inc.	6,026		275,750
Delta Petroleum Corp. (a)	14,179		161,924
Denbury Resources, Inc. (a)	28,901		924,254
Dorchester Minerals LP	6,550		140,825
Double Eagle Petroleum Co. (a)	8,444		147,010
Edge Petroleum Corp. (a)	6,928		94,429
Enbridge Energy Management LLC	2,676		131,713
Encore Acquisition Co. (a)	13,852		516,680
Energy Partners Ltd. (a)	16,699		381,572
Enterprise Products Partners LP	65,000		1,670,500
Evans Systems, Inc. (a)	3,400		153
Forest Oil Corp. (a)	26,319		1,046,443
Foundation Coal Holdings, Inc.	10,785		274,802
Frontier Oil Corp.	16,328		798,602
FX Energy, Inc. (a)	24,929		232,338
General Maritime Corp.	17,377		725,664
Giant Industries, Inc. (a)	9,917		285,709
Goodrich Petroleum Corp. (a)	12,161		215,371
GSV, Inc. (a)	700		182
Harken Energy Corp. (a)	45,664		20,549
Harvest Natural Resources, Inc. (a)	17,676		191,608
Holly Corp.	16,000		611,680
Holly Energy Partners LP	6,668		271,388
Houston Exploration Co. (a)	13,034		664,343
Hugoton Royalty Trust	8,323		227,634
Inergy LP	2,246		70,345
James River Coal Co. (a)	5,247		172,626
K-Sea Transn Partners L P	4,670		155,511
Kaneb Services LLC	4,043		174,253
KCS Energy, Inc. (a)	21,397		300,628
KFX, Inc. (a)	27,832		366,547
Kinder Morgan Management LLC	15,231		678,846
Magellan Midstream Partners LP	6,924		217,552
Magnum Hunter Resources, Inc. (a)	45,367		701,374
Maritrans, Inc.	2,984		71,288
Markwest Energy Partners LP	1,943		93,653
Markwest Hydrocarbon, Inc.	3,848		84,040
Massey Energy Co.	39,196		1,584,694
McMoRan Exploration Co. (a)	14,526		268,876
Meridian Resource Corp. (a)	34,825		157,757
Mission Resources Corp. (a)	10,011		70,778
	Shares		Value
Murphy Oil Corp.	45,458		$ 4,443,520
National Energy Group, Inc. (a)	5,079		12,698
Natural Resource Partners LP	2,339		136,060
Newfield Exploration Co. (a)	60,696		2,333,761
Noble Energy, Inc.	43,899		3,264,769
OMI Corp.	45,574		881,401
Overseas Shipholding Group, Inc.	13,830		845,013
Pacific Energy Partners LP	2,620		81,482
Panhandle Royalty Co. Class A	7,221		169,694
Parallel Petroleum Corp. (a)	10,742		73,153
Peabody Energy Corp.	65,090		3,107,397
Penn Octane Corp. (a)	4,809		4,569
Penn Virginia Corp.	9,255		381,954
Penn Virginia Resource Partners LP	2,552		119,306
Petrohawk Energy Corp. (a)	12,110		105,841
Petroleum Development Corp. (a)	6,673		174,365
Petroquest Energy, Inc. (a)	13,660		76,769
Pioneer Natural Resources Co.	72,712		2,917,933
Plains Exploration & Production Co. (a)	37,681		1,151,155
Pogo Producing Co.	29,958		1,481,124
Premcor, Inc.	40,818		2,770,318
Quicksilver Resources, Inc. (a)	15,090		787,698
Range Resources Corp.	37,691		870,662
Remington Oil & Gas Corp. (a)	9,453		293,043
Rentech, Inc. (a)	26,916		39,836
Resource America, Inc. Class A	8,687		295,184
Southwestern Energy Co. (a)	17,754		1,239,229
Spinnaker Exploration Co. (a)	15,465		474,312
St. Mary Land & Exploration Co.	30,174		785,127
Stone Energy Corp. (a)	11,918		512,832
Sunoco Logistics Partners LP	2,807		104,280
Swift Energy Co. (a)	12,736		434,934
Syntroleum Corp. (a)	20,072		174,024
TC Pipelines LP	5,010		166,983
TEL Offshore Trust	659		4,791
TEPPCO Partners LP	18,928		782,673
Tesoro Petroleum Corp. (a)	34,590		1,508,124
The Exploration Co. of Delaware, Inc. (a)	7,579		31,680
Tipperary Corp. (a)	6,819		31,845
Toreador Resources Corp. (a)	8,042		172,742
TransMontaigne, Inc. (a)	20,850		172,638
Ultra Petroleum Corp. (a)	74,382		2,023,934
USEC, Inc.	44,020		600,873
Valero LP	2,901		175,394
Vintage Petroleum, Inc.	28,062		775,072
W&T Offshore, Inc.	6,655		143,482
Western Gas Resources, Inc.	32,149		1,031,018
Westmoreland Coal Co. (a)	7,132		153,195
Whiting Petroleum Corp. New (a)	14,984		518,147
World Fuel Services Corp.	15,328		403,893
			66,555,964
TOTAL ENERGY			103,685,616
Common Stocks - continued
	Shares		Value
FINANCIALS - 24.7%
Capital Markets - 1.4%
A.G. Edwards, Inc.	40,929		$ 1,690,777
Aether Systems, Inc. (a)	10,666		33,385
Affiliated Managers Group, Inc. (a)	13,715		914,791
Ameritrade Holding Corp. (a)	149,590		2,222,907
BlackRock, Inc. Class A	6,718		524,138
Calamos Asset Management, Inc. Class A	11,109		268,616
Cohen & Steers, Inc.	6,504		115,966
Eaton Vance Corp. (non-vtg.)	66,968		1,631,340
Epoch Holding Corp. (a)	5,333		23,999
Firstcity Financial Corp. (a)	5,260		68,380
Gabelli Asset Management, Inc. Class A	2,893		126,279
GFI Group, Inc.	3,376		94,190
Greenhill & Co., Inc.	4,473		159,597
Investment Technology Group, Inc. (a)	25,418		501,751
Investors Financial Services Corp.	33,289		1,381,161
JB Oxford Holdings, Inc. (a)	1,070		1,717
Jefferies Group, Inc.	23,318		825,690
Knight Trading Group, Inc. (a)	59,952		452,638
LaBranche & Co., Inc. (a)	36,155		199,937
Ladenburg Thalmann Financial Services, Inc. (a)	3,489		2,128
Legg Mason, Inc.	52,641		4,326,037
MarketAxess Holdings, Inc.	14,835		148,350
National Financial Partners Corp.	16,359		625,568
Nuveen Investments, Inc. Class A	25,882		933,046
Olympic Cascade Financial Corp. (a)	1,000		1,200
optionsXpress Holdings, Inc.	10,079		136,067
Piper Jaffray Companies (a)	10,319		291,718
Raymond James Financial, Inc.	28,054		754,933
Sanders Morris Harris Group, Inc.	8,833		144,420
SEI Investments Co.	36,330		1,262,831
Siebert Financial Corp. (a)	7,668		22,621
Stifel Financial Corp. (a)	3,778		79,791
SWS Group, Inc.	12,863		203,493
TradeStation Group, Inc. (a)	11,535		85,013
Waddell & Reed Financial, Inc. Class A	40,440		775,235
Westwood Holdings Group, Inc.	3,071		51,869
			21,081,579
Commercial Banks - 5.4%
1st Source Corp.	6,554		142,746
ABC Bancorp	12,734		226,029
Abigail Adams National Bancorp, Inc.	3,050		47,916
Alabama National Bancorp, Delaware	8,370		526,306
Amcore Financial, Inc.	13,595		378,757
Amegy Bancorp, Inc.	30,685		546,500
American National Bankshares, Inc.	2,434		59,850
AmericanWest Bancorp (a)	1,852		36,614
AmeriServ Financial, Inc. (a)	8,597		46,940
Arrow Financial Corp.	5,774		155,898
Associated Banc-Corp.	58,249		1,946,682
	Shares		Value
Banc Corp. (a)	2,620		$ 27,510
BancFirst Corp.	2,840		223,622
BancorpSouth, Inc.	35,278		788,463
BancTrust Financial Group, Inc.	4,917		97,209
Bank of Granite Corp.	5,074		92,144
Bank of Hawaii Corp.	24,979		1,217,227
Bank of the Ozarks, Inc.	5,292		167,333
Banner Corp.	3,953		105,189
Bar Harbor Bankshares	2,569		68,978
Bay View Capital Corp.	10,319		163,556
BOK Financial Corp.	7,780		351,812
Boston Private Financial Holdings, Inc.	15,145		370,750
Bryn Mawr Bank Corp.	2,058		40,110
Camden National Corp.	3,305		113,791
Capital Bank Corp.	4,787		74,199
Capital City Bank Group, Inc.	4,517		181,583
Capital Corp. of the West	4,467		108,325
Capitol Bancorp Ltd.	9,607		297,337
Cardinal Financial Corp. (a)	17,899		162,881
Cascade Bancorp	8,012		165,688
Cascade Financial Corp.	7,932		129,292
Cathay General Bancorp	22,701		771,834
Cavalry Bancorp, Inc.	1,123		24,706
Center Bancorp, Inc.	9,529		113,490
Central Coast Bancorp (a)	2,572		43,493
Central Pacific Financial Corp.	15,355		545,103
Century Bancorp, Inc. Class A (non-vtg.)	2,001		52,586
Chemical Financial Corp.	13,177		421,400
Chester Valley Bancorp, Inc.	770		18,904
Chittenden Corp.	26,827		704,209
Citizens & Northern Corp.	6,563		203,781
Citizens Banking Corp., Michigan	19,376		561,516
City Holding Co.	8,606		290,711
City National Corp.	20,741		1,473,233
CoBiz, Inc.	10,647		191,433
Colonial Bancgroup, Inc.	64,909		1,446,822
Columbia Bancorp	5,663		195,883
Columbia Banking Systems, Inc.	9,470		232,962
Commerce Bancorp, Inc., New Jersey	80,169		2,224,690
Commerce Bancshares, Inc.	30,579		1,490,726
Commercial Bankshares, Inc.	2,677		104,376
Community Bancorp, Inc.	3,266		98,829
Community Bank System, Inc.	16,667		388,341
Community Banks, Inc.	5,010		124,048
Community Bankshares, Inc., South Carolina	3,531		60,415
Community Trust Bancorp, Inc.	5,167		152,995
Cullen/Frost Bankers, Inc.	25,383		1,132,336
CVB Financial Corp.	29,427		542,634
East West Bancorp, Inc.	24,631		828,587
Eastern Virgina Bankshares, Inc.	3,012		67,770
Enterprise Financial Services Corp.	9,184		180,466
Exchange National Bancshares, Inc.	655		18,471
Farmers Capital Bank Corp.	5,002		163,265
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Fidelity Southern Corp.	4,918		$ 79,770
Financial Institutions, Inc.	5,570		100,483
First Bancorp, North Carolina	11,778		246,160
First Bancorp, Puerto Rico	17,632		675,835
First Charter Corp.	16,428		362,237
First Citizen Bancshares, Inc.	2,716		354,519
First Commonwealth Financial Corp.	42,191		563,672
First Community Bancorp, California	8,732		385,780
First Financial Bancorp, Ohio	25,729		463,122
First Financial Bankshares, Inc.	9,217		382,874
First Financial Corp., Indiana	6,060		164,226
First Indiana Corp.	5,116		137,876
First M&F Corp.	842		27,870
First Mariner Bancorp, Inc. (a)	999		16,653
First Merchants Corp.	13,779		342,684
First Midwest Bancorp, Inc., Delaware	22,033		764,325
First Oak Brook Bancshares, Inc.	3,857		106,415
First of Long Island Corp.	936		36,972
First Regional Bancorp (a)	1,346		87,154
First Republic Bank, California	9,897		317,496
First South Bancorp, Inc., Virginia	3,944		133,544
First State Bancorp.	6,080		112,237
First United Corp.	5,930		120,023
FirstMerit Corp.	35,202		897,651
Flag Financial Corp.	1,310		19,519
FNB Corp., North Carolina	842		15,577
FNB Corp., Pennsylvania	26,783		497,628
FNB Corp., Virginia	3,618		97,143
FNB Financial Services Corp.	3,828		81,115
Foothill Independent Bancorp	4,225		86,951
Frontier Financial Corp., Washington	13,492		335,951
Fulton Financial Corp.	61,591		1,338,372
German American Bancorp	5,749		75,887
Glacier Bancorp, Inc.	13,978		326,386
Gold Banc Corp., Inc.	22,069		306,538
Great Southern Bancorp, Inc.	5,120		159,795
Greater Bay Bancorp	24,923		626,315
Greater Community Bancorp	4,208		67,328
Hancock Holding Co.	15,250		493,490
Hanmi Financial Corp.	30,770		494,474
Harleysville National Corp., Pennsylvania	14,093		325,126
Harrington West Financial Group, Inc.	4,000		62,080
Heritage Commerce Corp.	8,124		150,456
Hibernia Corp. Class A	78,138		2,512,137
Hudson United Bancorp	24,884		849,789
IBERIABANK Corp.	2,369		139,392
Independent Bank Corp., Massachusetts	11,103		310,107
Independent Bank Corp., Michigan	11,711		329,548
Integra Bank Corp.	9,801		216,504
Interchange Financial Services Corp.	11,917		216,413
International Bancshares Corp.	20,373		734,039
	Shares		Value
Irwin Financial Corp.	8,888		$ 186,559
Lakeland Financial Corp.	1,123		41,551
Leesport Financial Corp.	1,861		46,134
LSB Bancshares, Inc.	6,571		115,650
Main Street Banks, Inc.	7,229		190,629
MainSource Financial Group, Inc.	2,784		50,864
MB Financial, Inc.	13,779		526,220
Mercantile Bankshares Corp.	38,756		2,020,350
Merchants Bancshares, Inc.	2,649		70,146
Merrill Merchants Bancshares, Inc.	2,431		51,732
Metrocorp Bancshares, Inc.	2,855		59,384
Mid-State Bancshares	14,138		378,474
Midsouth Bancorp, Inc.	2,412		59,022
Midwest Banc Holdings, Inc.	7,162		143,240
MidWestOne Financial Group, Inc.	3,499		62,982
Nara Bancorp, Inc.	10,184		141,456
National Penn Bancshares, Inc.	19,365		458,563
NBT Bancorp, Inc.	20,369		482,745
North Valley Bancorp	4,804		82,052
Northern States Financial Corp.	2,836		79,153
Northrim Bancorp, Inc.	936		21,406
Oak Hill Financial, Inc.	1,403		36,380
Ohio Valley Banc Corp.	6,000		156,960
Old National Bancorp, Indiana	34,326		680,685
Old Second Bancorp, Inc.	8,393		235,088
Omega Financial Corp.	7,364		214,808
Oriental Financial Group, Inc.	11,839		166,101
PAB Bankshares, Inc.	1,403		20,933
Pacific Capital Bancorp	21,839		738,158
Pacific Mercantile Bancorp (a)	1,665		23,503
Park National Corp.	6,388		659,561
Peapack-Gladstone Financial Corp.	4,448		118,895
Pennrock Financial Services Corp.	3,762		130,203
Pennsylvania Communication Bancorp, Inc. (a)	3,180		100,170
Peoples Bancorp, Inc.	5,422		152,900
Peoples Banctrust Co., Inc.	1,053		16,648
Peoples Financial Corp., Mississippi	4,312		75,676
Placer Sierra Bancshares	6,716		173,407
Popular, Inc.	115,797		2,727,019
Premier Community Bankshares, Inc.	1,057		20,612
Princeton National Bancorp, Inc.	2,512		77,244
PrivateBancorp, Inc.	10,376		350,605
Prosperity Bancshares, Inc.	8,015		217,367
Provident Bankshares Corp.	16,994		537,690
Renasant Corp.	9,680		294,466
Republic Bancorp, Inc.	38,024		524,921
Republic Bancorp, Inc., Kentucky Class A	7,350		167,727
Republic First Bancorp, Inc.	5,968		79,494
Royal Bancshares of Pennsylvania, Inc. Class A	2,432		57,395
S&T Bancorp, Inc.	13,933		489,745
S.Y. Bancorp, Inc.	6,456		143,323
Sandy Spring Bancorp, Inc.	10,316		342,491
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Santander Bancorp	1,969		$ 43,318
Savannah Bancorp, Inc.	3,165		94,548
Seacoast Banking Corp., Florida	7,060		143,106
Security Bank Corp., Georgia	7,718		162,464
Shore Bancshares, Inc.	1,029		30,767
Signature Bank, New York (a)	11,750		288,110
Simmons First National Corp. Class A	5,718		140,320
Sky Financial Group, Inc.	56,806		1,635,445
South Financial Group, Inc.	36,369		991,055
Southwest Bancorp, Inc., Oklahoma	9,075		164,258
Southwest Georgia Financial Corp.	2,582		58,999
State Bancorp, Inc., New York	2,160		48,233
State Financial Services Corp. Class A	3,171		125,889
Sterling Bancorp, New York	6,165		130,390
Sterling Bancshares, Inc.	20,225		275,060
Sterling Financial Corp., Pennsylvania	12,614		324,811
Suffolk Bancorp	7,466		233,984
Summit Bancshares, Inc.	5,340		94,198
Summit Bank Corp., Georgia	3,888		54,471
Summit Financial Group, Inc.	1,800		57,690
Sun Bancorp, Inc., New Jersey	4,957		102,808
Susquehanna Bancshares, Inc., Pennsylvania	27,587		627,880
SVB Financial Group (a)	16,923		808,242
TCF Financial Corp.	63,932		1,654,560
TD Banknorth, Inc.	45,593		1,366,878
Texas Capital Bancshares, Inc. (a)	12,023		225,071
Texas Regional Bancshares, Inc. Class A	20,732		596,874
TIB Financial Corp.	3,327		89,829
Tompkins Trustco, Inc.	4,081		168,545
Trico Bancshares	7,477		152,531
Trustco Bank Corp., New York	37,645		468,680
Trustmark Corp.	24,383		696,622
UCBH Holdings, Inc.	45,878		784,514
UMB Financial Corp.	6,353		353,862
Umpqua Holdings Corp.	22,311		520,069
Union Bankshares Corp.	5,956		215,965
UnionBanCal Corp.	27,624		1,733,958
United Bankshares, Inc., West Virginia	19,937		666,893
United Community Banks, Inc., Georgia	19,734		492,955
Unizan Financial Corp.	12,257		312,431
USB Holding Co., Inc.	8,381		177,091
Valley National Bancorp	53,756		1,282,618
Virginia Commerce Bancorp, Inc. (a)	2,485		55,515
Washington Banking Co., Oak Harbor	3,760		53,768
Washington Trust Bancorp, Inc.	4,628		130,463
WesBanco, Inc.	12,467		368,649
West Coast Bancorp, Oregon	5,542		120,594
Westamerica Bancorp.	15,366		809,020
Westbank Corp.	2,759		46,462
	Shares		Value
Westcorp	11,604		$ 562,098
Whitney Holding Corp.	27,796		881,411
Wilber Corp.	9,865		119,367
Wilmington Trust Corp., Delaware	32,268		1,156,162
Wintrust Financial Corp.	10,219		511,665
Yardville National Bancorp	4,169		141,371
			80,229,914
Consumer Finance - 0.5%
ACE Cash Express, Inc. (a)	6,892		150,315
Advance America Cash Advance Centers, Inc.	10,213		124,701
Advanta Corp. Class A	12,705		291,326
AmeriCredit Corp. (a)	78,022		1,940,407
Asta Funding, Inc.	7,785		217,357
Cash America International, Inc.	15,145		260,494
Collegiate Funding Services, Inc.	7,480		120,129
CompuCredit Corp. (a)	8,967		282,730
Consumer Portfolio Services, Inc. (a)	11,918		52,439
Credit Acceptance Corp. (a)	5,920		83,531
EZCORP, Inc. Class A (a)	2,928		27,845
First Cash Financial Services, Inc. (a)	5,613		97,666
First Marblehead Corp. (a)	15,378		686,628
Metris Companies, Inc. (a)	35,281		457,947
MoneyGram International, Inc.	45,485		843,747
Nelnet, Inc. Class A (a)	11,001		405,937
QC Holdings, Inc.	10,421		140,371
Rewards Network, Inc. (a)	5,988		30,599
Student Loan Corp.	2,056		441,279
United Panam Financial Corp. (a)	5,347		127,366
WFS Financial, Inc. (a)	2,896		141,180
World Acceptance Corp. (a)	9,975		259,849
			7,183,843
Diversified Financial Services - 0.5%
Alliance Capital Management Holding LP	8,379		380,407
Ampal-American Israel Corp. Class A (a)	4,585		18,661
California First National Bancorp	4,060		47,096
CapitalSource, Inc. (a)	31,964		609,873
Catskill Litigation Trust	1,036		0
Chicago Mercantile Exchange Holdings, Inc. Class A	13,623		2,945,156
Encore Capital Group, Inc. (a)	7,962		122,296
eSpeed, Inc. Class A (a)	22,397		191,942
EuroBancshares, Inc.	10,674		149,436
Financial Federal Corp.	11,630		433,799
Finova Group, Inc. (a)	22,736		1,773
First Albany Companies, Inc.	2,377		13,668
Instinet Group, Inc. (a)	79,136		417,838
Leucadia National Corp.	40,237		1,605,054
Marlin Business Services Corp. (a)	6,748		136,849
Medallion Financial Corp.	7,298		67,579
MicroFinancial, Inc.	5,166		20,096
Nasdaq Stock Market, Inc. (a)	36,000		617,760
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Diversified Financial Services - continued
NCP Litigation Trust (a)	200		$ 0
Newtek Business Services, Inc. (a)	5,503		14,253
			7,793,536
Insurance - 6.3%
21st Century Holding Co.	1,797		23,361
21st Century Insurance Group	10,709		149,176
Affirmative Insurance Holdings, Inc.	11,382		146,828
Alfa Corp.	16,938		242,552
Allmerica Financial Corp. (a)	25,159		878,552
American Equity Investment Life Holding Co.	22,474		229,010
American Financial Group, Inc., Ohio	19,020		616,628
American Independence Corp. (a)	3,087		40,903
American National Insurance Co.	7,035		811,839
American Physicians Capital, Inc. (a)	2,331		80,769
AmerUs Group Co.	17,241		820,499
Arch Capital Group Ltd. (a)	14,827		662,026
Argonaut Group, Inc. (a)	18,674		391,034
Arthur J. Gallagher & Co.	46,594		1,286,926
Assurant, Inc.	59,422		2,088,683
Atlantic American Corp. (a)	10,720		32,160
Baldwin & Lyons, Inc. Class B	3,866		99,356
Berkshire Hathaway, Inc. Class A (a)	520		43,731,930
Bristol West Holdings, Inc.	9,584		165,803
Brown & Brown, Inc.	27,665		1,232,752
Capital Title Group, Inc.	3,610		23,140
Ceres Group, Inc. (a)	14,502		83,096
Citizens, Inc. Class A	9,969		57,721
Clark, Inc.	7,815		113,318
CNA Financial Corp. (a)	16,399		452,284
CNA Surety Corp. (a)	12,254		169,350
Commerce Group, Inc., Massachusetts	15,371		916,112
Conseco, Inc. (a)	78,575		1,571,500
Crawford & Co. Class B	11,783		85,073
Danielson Holding Corp. (a)	32,501		528,141
Delphi Financial Group, Inc. Class A	15,115		640,876
Donegal Group, Inc. Class B	5,785		95,279
EMC Insurance Group	3,511		62,636
Erie Indemnity Co. Class A	14,740		763,532
FBL Financial Group, Inc. Class A	8,164		218,387
Fidelity National Financial, Inc.	77,503		2,789,333
First Acceptance Corp. (a)	24,679		220,877
First American Corp., California	39,315		1,521,491
FPIC Insurance Group, Inc. (a)	7,567		225,194
Gainsco, Inc. (a)	2,400		3,528
Genworth Financial, Inc. Class A (non-vtg.)	110,440		3,201,656
Great American Financial Resources, Inc.	4,585		77,303
Harleysville Group, Inc.	11,446		232,468
	Shares		Value
HCC Insurance Holdings, Inc.	31,537		$ 1,236,566
Hilb Rogal & Hobbs Co.	16,155		550,724
Horace Mann Educators Corp.	25,370		461,734
Independence Holding Co.	5,623		99,246
Infinity Property & Casualty Corp.	12,293		393,376
Investors Title Co.	1,641		57,796
Kansas City Life Insurance Co.	3,631		171,093
LandAmerica Financial Group, Inc.	7,173		403,123
Markel Corp. (a)	4,528		1,547,444
Meadowbrook Insurance Group, Inc. (a)	9,169		47,220
Mercer Insurance Group, Inc. (a)	5,069		65,137
Merchants Group, Inc.	2,177		54,643
Mercury General Corp.	13,771		760,159
National Security Group, Inc.	2,778		58,366
National Western Life Insurance Co. Class A (a)	916		167,972
Nationwide Financial Services, Inc. Class A (sub. vtg.)	27,342		1,043,918
Navigators Group, Inc. (a)	5,206		173,047
Nymagic, Inc.	2,755		56,340
Odyssey Re Holdings Corp.	3,791		91,401
Ohio Casualty Corp. (a)	29,355		701,585
Old Republic International Corp.	80,691		2,005,978
Penn Treaty American Corp. (a)	3,930		8,725
Philadelphia Consolidated Holding Corp. (a)	8,897		733,736
Phoenix Companies, Inc.	44,488		511,612
PMA Capital Corp. Class A (a)	7,234		53,749
Presidential Life Corp.	14,950		226,493
ProAssurance Corp. (a)	12,089		472,922
ProCentury Corp.	9,119		93,014
Protective Life Corp.	31,449		1,263,935
Quotesmith.com, Inc. (a)	779		3,544
Reinsurance Group of America, Inc.	16,042		733,922
RLI Corp.	10,368		453,496
RTW, Inc. (a)	655		6,354
Safety Insurance Group, Inc.	9,803		308,991
SCPIE Holding, Inc. (a)	1,965		22,047
Selective Insurance Group, Inc.	16,312		785,097
Specialty Underwriters' Alliance, Inc.	14,899		117,553
StanCorp Financial Group, Inc.	13,520		1,011,972
State Auto Financial Corp.	6,485		175,095
Stewart Information Services Corp.	7,101		278,714
The Midland Co.	5,577		178,185
Tower Group, Inc.	6,299		73,887
Transatlantic Holdings, Inc.	14,067		803,366
Triad Guaranty, Inc. (a)	4,388		237,830
UICI	15,685		394,478
Unico American Corp. (a)	2,607		23,854
United Fire & Casualty Co.	5,504		216,692
Unitrin, Inc.	24,010		1,195,458
Universal American Financial Corp. (a)	15,250		288,835
USI Holdings Corp. (a)	16,821		196,974
Vesta Insurance Group, Inc. (a)	11,476		28,920
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
W.R. Berkley Corp.	50,223		$ 1,780,908
Wesco Financial Corp.	452		161,943
White Mountains Insurance Group Ltd.	3,821		2,539,055
Zenith National Insurance Corp.	6,312		399,865
			93,711,171
Real Estate - 8.2%
Aames Investment Corp., Maryland	29,126		268,833
Acadia Realty Trust (SBI)	9,701		164,432
Affordable Residential Communties, Inc.	25,798		317,831
Agree Realty Corp.	3,217		92,489
Alexanders, Inc. (a)	1,399		360,704
Alexandria Real Estate Equities, Inc.	9,352		648,094
AMB Property Corp. (SBI)	41,148		1,658,676
American Campus Communities, Inc.	9,838		201,679
American Financial Realty Trust (SBI)	72,622		1,114,748
American Home Mortgage Investment Corp.	18,046		587,578
American Land Lease, Inc.	4,333		93,593
American Mortgage Acceptance Co.	4,770		71,073
American Real Estate Partners LP (a)	11,925		331,038
American Realty Investments, Inc. (a)	1,965		17,783
AmeriVest Properties, Inc.	10,370		45,628
AMLI Residential Properties Trust (SBI)	11,801		339,161
Annaly Mortgage Management, Inc.	63,121		1,189,831
Anthracite Capital, Inc.	32,496		378,903
Anworth Mortgage Asset Corp.	34,106		326,053
Arbor Realty Trust, Inc.	9,197		245,100
Arden Realty, Inc.	35,665		1,223,310
Ashford Hospitality Trust, Inc.	31,094		309,696
Associated Estates Realty Corp.	8,335		72,098
AvalonBay Communities, Inc.	34,592		2,589,903
Bedford Property Investors, Inc.	11,464		265,621
Bimini Mortgage Management, Inc.	11,595		162,098
BioMed Realty Trust, Inc.	13,606		304,094
BNP Residential Properties, Inc.	5,592		87,906
BNS Holding, Inc. Class A (a)	20		137
Boston Properties, Inc.	52,441		3,503,059
Boykin Lodging Co. (a)	7,111		75,377
Brandywine Realty Trust (SBI)	26,197		737,708
BRE Properties, Inc. Class A	22,763		877,286
BRT Realty Trust	3,818		86,096
Camden Property Trust (SBI)	25,500		1,316,055
Capital Automotive (REIT) (SBI)	23,016		823,512
Capital Lease Funding, Inc.	14,178		156,383
Capital Trust, Inc. Class A	3,892		136,103
Capstead Mortgage Corp.	5,005		47,147
CarrAmerica Realty Corp.	26,827		927,409
Catellus Development Corp.	45,762		1,339,454
CB Richard Ellis Group, Inc. Class A	27,219		1,046,843
CBL & Associates Properties, Inc.	14,073		1,146,527
Cedar Shopping Centers, Inc.	8,757		118,482
	Shares		Value
CenterPoint Properties Trust (SBI)	26,073		$ 1,089,851
Colonial Properties Trust (SBI)	18,106		738,725
Commercial Net Lease Realty, Inc.	30,094		583,824
Consolidated-Tomoka Land Co.	2,587		198,552
Corporate Office Properties Trust (SBI)	18,017		503,215
Correctional Properties Trust	4,134		107,484
Cousins Properties, Inc.	17,978		509,497
Crescent Real Estate Equities Co.	51,838		953,301
Criimi Mae, Inc. (a)	4,835		102,502
CRT Properties, Inc.	15,342		352,713
Developers Diversified Realty Corp.	50,783		2,315,705
Digital Realty Trust, Inc.	17,715		265,725
Duke Realty Corp.	71,624		2,211,033
Eagle Hospitality Properties Trust, Inc.	18,912		171,910
Eastgroup Properties, Inc.	9,895		402,924
ECC Capital Corp.	32,592		195,878
Education Realty Trust, Inc.	12,344		211,946
Entertainment Properties Trust (SBI)	14,682		653,349
Equity Inns, Inc.	34,751		416,664
Equity Lifestyle Properties, Inc.	11,921		451,806
Equity One, Inc.	18,969		405,747
Essex Property Trust, Inc.	9,623		769,840
Extra Space Storage, Inc.	11,562		166,493
Federal Realty Investment Trust (SBI)	24,702		1,363,550
FelCor Lodging Trust, Inc. (a)	21,248		295,772
Fieldstone Investment Corp.	21,000		280,560
First Industrial Realty Trust, Inc.	19,876		771,189
First Potomac Realty Trust	9,520		215,628
First Union Real Estate Equity & Mortgage Investments (SBI) (a)	1,011		3,731
Forest City Enterprises, Inc. Class A	14,887		943,091
Friedman, Billings, Ramsey Group, Inc. Class A	73,196		955,208
Gables Residential Trust (SBI)	14,513		528,418
General Growth Properties, Inc.	108,897		4,239,360
Getty Realty Corp.	9,382		259,318
Gladstone Commercial Corp.	1,684		25,797
Glenborough Realty Trust, Inc.	17,820		360,142
Glimcher Realty Trust	18,529		477,122
Global Signal, Inc.	8,543		297,553
GMH Communities Trust	21,223		289,694
Government Properties Trust, Inc.	17,885		162,754
Gramercy Capital Corp.	9,940		216,493
Grubb & Ellis Co. (a)	700		4,200
Health Care Property Investors, Inc.	67,317		1,830,349
Health Care REIT, Inc.	27,520		986,317
Healthcare Realty Trust, Inc.	26,581		1,039,051
Heritage Property Investment Trust, Inc.	12,862		417,886
Hersha Hospitality Trust	18,712		178,138
Highland Hospitality Corp.	18,858		199,895
Highwoods Properties, Inc. (SBI)	25,599		704,484
Home Properties of New York, Inc.	15,138		623,686
HomeBanc Mortgage Corp., Georgia	30,699		289,799
Hospitality Properties Trust (SBI)	31,184		1,369,601
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate - continued
Host Marriott Corp.	159,154		$ 2,665,830
HRPT Properties Trust (SBI)	102,338		1,210,659
Humphrey Hospitality Trust, Inc.	13,197		58,727
Impac Mortgage Holdings, Inc.	38,183		759,842
Inland Real Estate Corp.	29,322		457,423
Innkeepers USA Trust (SBI)	24,065		325,118
Investors Real Estate Trust	30,237		284,530
iStar Financial, Inc.	55,016		2,305,170
Jones Lang LaSalle, Inc. (a)	14,145		599,889
Kilroy Realty Corp.	16,871		762,232
Kimco Realty Corp.	46,243		2,670,996
Kite Realty Group Trust	13,413		195,696
LaSalle Hotel Properties (SBI)	14,856		459,050
Lexington Corporate Properties Trust	24,513		564,534
Liberty Property Trust (SBI)	38,763		1,600,524
LTC Properties, Inc.	6,965		138,046
Luminent Mortgage Capital, Inc.	17,808		187,162
Mack-Cali Realty Corp.	26,240		1,156,922
Maguire Properties, Inc.	18,800		491,620
MeriStar Hospitality Corp. (a)	47,613		399,473
MFA Mortgage Investments, Inc.	38,509		273,029
Mid-America Apartment Communities, Inc.	9,395		380,498
Mission West Properties, Inc.	23,945		227,478
Monmouth Real Estate Investment Corp. Class A	9,627		74,032
MortgageIT Holdings, Inc.	11,005		186,535
National Health Investors, Inc.	10,652		284,089
National Health Realty, Inc.	2,339		43,505
Nationwide Health Properties, Inc.	32,399		728,006
New Century Financial Corp.	23,941		1,219,794
New Plan Excel Realty Trust	49,642		1,337,355
New York Mortgage Trust, Inc.	18,314		167,207
Newcastle Investment Corp.	20,572		632,383
NorthStar Realty Finance Corp.	19,589		203,726
Novastar Financial, Inc.	13,015		478,952
Omega Healthcare Investors, Inc.	30,486		364,308
One Liberty Properties, Inc.	4,885		93,059
Origen Financial, Inc.	17,799		128,865
Pan Pacific Retail Properties, Inc.	17,956		1,146,491
Parkway Properties, Inc.	7,044		339,873
Pennsylvania Real Estate Investment Trust (SBI)	17,193		756,492
PMC Commercial Trust	6,561		96,775
Post Properties, Inc.	19,470		638,616
Prentiss Properties Trust (SBI)	18,369		633,731
Prime Group Realty Trust (SBI) (a)	5,583		39,974
PS Business Parks, Inc.	10,667		437,774
Public Storage, Inc.	42,253		2,540,673
RAIT Investment Trust (SBI)	14,366		410,868
Ramco-Gershenson Properties Trust (SBI)	10,459		290,237
	Shares		Value
Rayonier, Inc.	25,724		$ 1,350,253
Realty Income Corp.	39,255		966,458
Reckson Associates Realty Corp.	42,753		1,350,567
Redwood Trust, Inc.	9,877		510,937
Regency Centers Corp.	27,684		1,546,151
Saul Centers, Inc.	5,254		174,170
Saxon Capital, Inc.	24,875		421,134
Senior Housing Properties Trust (SBI)	33,128		595,973
Shurgard Storage Centers, Inc. Class A	25,213		1,100,547
Sizeler Property Investors, Inc.	6,607		79,284
SL Green Realty Corp.	19,494		1,207,653
Sovran Self Storage, Inc.	6,602		294,383
Spirit Finance Corp.	14,213		156,343
Strategic Hotel Capital, Inc.	14,166		231,047
Stratus Properties, Inc. (a)	2,986		49,806
Sun Communities, Inc.	9,014		324,504
Sunstone Hotel Investors, Inc.	15,028		345,794
Tanger Factory Outlet Centers, Inc.	15,264		369,541
Tarragon Realty Investors, Inc. (a)	4,561		99,977
Taubman Centers, Inc.	23,304		739,669
Tejon Ranch Co. (a)	5,055		262,355
The Macerich Co.	28,289		1,783,056
The Mills Corp.	26,720		1,535,866
The St. Joe Co.	35,525		2,801,857
Thomas Properties Group, Inc.	9,183		109,829
Thornburg Mortgage, Inc. (SBI)	40,782		1,231,209
Town & Country Trust	12,547		345,670
Trammell Crow Co. (a)	20,383		459,637
Transcontinental Realty Investors, Inc. (a)	1,497		30,239
Trizec Properties, Inc.	44,801		874,068
Trustreet Properties, Inc.	25,200		396,900
U-Store-It Trust	16,266		307,427
United Capital Corp. (a)	2,068		49,322
United Dominion Realty Trust, Inc. (SBI)	68,424		1,577,173
United Mobile Homes, Inc.	4,453		65,236
Universal Health Realty Income Trust (SBI)	4,250		157,123
Urstadt Biddle Properties, Inc.	5,274		86,652
Urstadt Biddle Properties, Inc. Class A	17,626		290,124
Ventas, Inc.	36,910		1,053,411
Vornado Operating Co. (a)	81		223
Vornado Realty Trust	57,947		4,560,429
W.P. Carey & Co. LLC	8,724		252,560
Washington Real Estate Investment Trust (SBI)	21,745		676,270
Weingarten Realty Investors (SBI)	39,648		1,507,020
Wellsford Real Properties, Inc. (a)	2,805		49,088
Windrose Medical Properties Trust	4,662		61,072
Winston Hotels, Inc.	23,362		245,301
ZipRealty, Inc.	10,323		142,148
			123,186,225
Thrifts & Mortgage Finance - 2.4%
Accredited Home Lenders Holding Co. (a)	7,973		334,627
AmNet Mortgage, Inc. (a)	2,155		20,257
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Thrifts & Mortgage Finance - continued
Anchor BanCorp Wisconsin, Inc.	12,340		$ 340,831
Astoria Financial Corp.	49,784		1,371,051
Bank Mutual Corp.	47,805		518,206
BankAtlantic Bancorp, Inc. Class A (non-vtg.)	22,979		407,647
BankUnited Financial Corp. Class A	17,404		430,053
BCSB Bankcorp, Inc.	4,872		68,208
Berkshire Bancorp, Inc.	1,110		20,646
Berkshire Hills Bancorp, Inc.	1,216		38,730
Brookline Bancorp, Inc., Delaware	36,986		562,187
Camco Financial Corp.	7,852		113,304
Capital Crossing Bank (a)	2,400		77,952
Capitol Federal Financial	12,422		411,417
CFS Bancorp, Inc.	5,521		72,380
Charter Financial Corp., Georgia	3,434		119,503
Charter Municipal Mortgage Acceptance Co.	29,222		634,117
Citizens First Bancorp, Inc.	3,754		78,872
Citizens South Banking Corp.	1,310		16,545
City Bank Lynnwood, Washington	7,439		231,353
Clifton Savings Bancorp, Inc.	8,458		88,640
Coastal Financial Corp.	8,464		126,198
Commercial Capital Bancorp, Inc.	23,400		396,630
Commercial Federal Corp.	22,915		573,104
Corus Bankshares, Inc.	7,394		379,460
Delta Financial Corp.	3,088		27,946
Dime Community Bancshares, Inc.	22,145		334,390
Doral Financial Corp.	45,817		531,019
Downey Financial Corp.	10,510		788,460
E-Loan, Inc. (a)	14,052		40,048
EFC Bancorp, Inc.	3,214		86,778
ESB Financial Corp.	7,483		99,674
Farmer Mac Class A (multi-vtg.)	3,846		53,536
Fidelity Bankshares, Inc.	13,812		341,847
First Busey Corp.	9,363		175,463
First Defiance Financial Corp.	3,003		80,300
First Federal Bancshares of Arkansas, Inc.	3,747		91,764
First Federal Bankshares, Inc.	2,907		65,640
First Financial Holdings, Inc.	9,293		264,293
First Financial Service Corp.	561		14,390
First Mutual Bancshares, Inc.	871		21,514
First Niagara Financial Group, Inc.	61,949		806,576
First Place Financial Corp.	5,230		102,979
FirstFed Financial Corp., Delaware (a)	8,047		435,986
Flagstar Bancorp, Inc.	12,455		246,111
Flushing Financial Corp.	7,219		121,929
FMS Financial Corp.	1,116		19,084
Franklin Bank Corp. (a)	9,733		166,434
Fremont General Corp.	33,992		731,168
Greater Delaware Valley Savings Bank	749		16,515
	Shares		Value
Harbor Florida Bancshares, Inc.	12,096		$ 430,255
Heritage Financial Corp., Washington	3,933		85,543
HMN Financial, Inc.	2,852		85,788
Home Federal Bancorp	2,558		62,415
Home Federal Bancorp, Inc., Delaware (a)	14,626		168,345
Horizon Financial Corp.	8,123		163,272
Hudson City Bancorp, Inc.	35,636		1,227,660
Independence Community Bank Corp.	39,963		1,497,813
IndyMac Bancorp, Inc.	29,876		1,229,397
ITLA Capital Corp. (a)	2,116		105,419
Jefferson Bancshares, Inc., Tennessee	5,738		74,135
Kearny Financial Corp.	13,844		145,224
KNBT Bancorp, Inc.	13,014		194,039
Lincoln Bancorp	3,496		58,383
LSB Corp.	3,904		62,659
MAF Bancorp., Inc.	16,529		703,474
MASSBANK Corp.	1,965		70,052
Matrix Bancorp, Inc. (a)	1,659		21,235
MutualFirst Financial, Inc.	2,603		57,162
NASB Financial, Inc.	3,384		131,942
NetBank, Inc.	18,817		156,369
New York Community Bancorp, Inc.	124,019		2,259,626
NewAlliance Bancshares, Inc.	57,350		790,857
NewMil Bancorp, Inc.	3,195		97,448
Northwest Bancorp, Inc.	5,050		100,495
OceanFirst Financial Corp.	4,849		104,254
Ocwen Financial Corp. (a)	23,396		169,153
Pamrapo Bancorp, Inc.	2,874		62,941
Parkvale Financial Corp.	2,919		81,148
Partners Trust Financial Group, Inc.	20,895		215,636
Pennfed Financial Services, Inc.	6,162		89,472
People's Bank, Connecticut	70,290		1,989,910
Peoples Bancorp, Auburn, Indiana	3,388		66,737
PFF Bancorp, Inc.	11,713		340,146
PFS Bancorp, Inc.	2,339		52,978
Pocahontas Bancorp, Inc.	2,049		28,686
Provident Bancorp, Inc., Delaware	32,025		375,013
Provident Financial Holdings, Inc.	3,631		101,014
Provident Financial Services, Inc.	36,065		641,236
Pulaski Financial Corp.	4,300		95,847
PVF Capital Corp.	5,130		70,748
R&G Financial Corp. Class B	13,850		199,717
Radian Group, Inc.	45,517		2,088,320
Rainier Pacific Financial Group, Inc.	3,186		54,449
Riverview Bancorp, Inc.	4,378		94,127
Sound Federal Bancorp, Inc.	2,713		43,191
Sterling Financial Corp., Washington	11,794		416,918
TF Financial Corp.	1,778		51,562
The PMI Group, Inc.	48,332		1,826,950
Timberland Bancorp, Inc.	2,387		54,925
United Community Financial Corp., Ohio	10,580		111,196
W Holding Co., Inc.	66,664		601,976
Washington Federal, Inc.	40,328		920,285
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Thrifts & Mortgage Finance - continued
Webster Financial Corp.	25,324		$ 1,187,696
Westfield Financial, Inc.	4,996		119,504
Willow Grove Bancorp, Inc.	4,975		75,849
Woronoco Bancorp, Inc.	2,212		71,005
WSFS Financial Corp.	2,718		151,338
			35,628,696
TOTAL FINANCIALS			368,814,964
HEALTH CARE - 12.0%
Biotechnology - 3.7%
Aastrom Biosciences, Inc. (a)	75,401		206,599
Abgenix, Inc. (a)	42,057		302,810
Affymetrix, Inc. (a)	30,462		1,629,412
Albany Molecular Research, Inc. (a)	10,983		130,808
Alexion Pharmaceuticals, Inc. (a)	11,260		256,165
Alkermes, Inc. (a)	45,557		528,461
Alliance Pharmaceutical Corp. (a)	2,080		478
Allos Therapeutics, Inc. (a)	6,613		13,887
Amylin Pharmaceuticals, Inc. (a)	49,796		795,740
Anadys Pharmaceuticals, Inc. (a)	9,204		62,863
AP Pharma, Inc. (a)	17,810		28,496
Aphton Corp. (a)	5,895		4,068
Applera Corp. - Celera Genomics Group (a)	45,121		447,600
Arena Pharmaceuticals, Inc. (a)	30,201		206,877
ARIAD Pharmaceuticals, Inc. (a)	21,808		131,502
ArQule, Inc. (a)	7,298		47,802
Array Biopharma, Inc. (a)	13,440		83,866
Avant Immunotherapeutics, Inc. (a)	18,683		26,530
AVAX Technologies, Inc. (a)	4,900		1,372
AVI BioPharma, Inc. (a)	7,485		17,665
Avigen, Inc. (a)	5,520		16,505
Axonyx, Inc. (a)	15,192		19,598
BioCryst Pharmaceuticals, Inc. (a)	5,707		26,595
BioMarin Pharmaceutical, Inc. (a)	24,260		164,968
Biopure Corp. Class A (a)	1,611		2,561
BioSource International, Inc. (a)	3,368		34,219
BioSphere Medical, Inc. (a)	4,678		22,033
BioTime, Inc. (a)	500		300
Caliper Life Sciences, Inc. (a)	28,993		178,597
Calypte Biomedical Corp. (a)	656		151
CancerVax Corp. (a)	16,900		50,362
Cel-Sci Corp. (a)	5,333		3,200
Celgene Corp. (a)	81,952		3,469,848
Cell Genesys, Inc. (a)	18,760		108,996
Cell Therapeutics, Inc. (a)	22,072		65,554
Cephalon, Inc. (a)	28,754		1,219,745
Cepheid, Inc. (a)	18,560		168,896
Charles River Laboratories International, Inc. (a)	29,774		1,431,832
	Shares		Value
Ciphergen Biosystems, Inc. (a)	8,010		$ 16,501
CorAutus Genetics, Inc. (a)	2,623		10,361
Corgentech, Inc. (a)	4,568		10,963
Corixa Corp. (a)	17,568		74,664
Covalent Group, Inc. (a)	7,298		14,961
Critical Therapeutics, Inc.	7,164		41,981
Cryo-Cell International, Inc. (a)	6,550		23,580
Cubist Pharmaceuticals, Inc. (a)	28,601		286,296
CuraGen Corp. (a)	15,692		67,162
Curis, Inc. (a)	10,011		39,644
CV Therapeutics, Inc. (a)	18,275		369,521
Cytogen Corp. (a)	15,067		81,663
Cytokinetics, Inc.	8,459		45,679
CytRx Corp. (a)	8,702		7,397
Dendreon Corp. (a)	22,297		117,951
Digene Corp. (a)	7,756		195,141
Discovery Partners International, Inc. (a)	7,205		21,255
Diversa Corp. (a)	14,786		73,930
DOV Pharmaceutical, Inc. (a)	3,823		57,727
DUSA Pharmaceuticals, Inc. (a)	9,863		110,367
Dyax Corp. (a)	9,263		43,073
Embrex, Inc. (a)	1,225		13,745
Encysive Pharmaceuticals, Inc. (a)	39,210		399,942
EntreMed, Inc. (a)	6,269		16,738
Enzo Biochem, Inc.	19,619		299,582
Enzon Pharmaceuticals, Inc. (a)	17,730		107,621
Epimmune, Inc. (a)	6,362		5,579
Exact Sciences Corp. (a)	5,146		14,923
Exelixis, Inc. (a)	45,686		320,716
Eyetech Pharmaceuticals, Inc. (a)	11,102		142,439
Genaera Corp. (a)	20,058		40,317
Genaissance Pharmaceuticals, Inc. (a)	14,494		13,190
Gene Logic, Inc. (a)	7,441		25,076
Genelabs Technologies, Inc. (a)	38,267		16,072
Genentech, Inc. (a)	236,416		18,735,968
Genitope Corp. (a)	16,300		212,063
Genta, Inc. (a)	25,757		28,590
GenVec, Inc. (a)	10,563		19,542
Geron Corp. (a)	29,508		236,064
GlycoGenesys, Inc. (a)	2,214		1,572
GTC Biotherapeutics, Inc. (a)	4,398		5,893
Harvard Bioscience, Inc. (a)	8,617		27,747
Hemispherx Biopharma, Inc. (a)	10,059		16,094
Human Genome Sciences, Inc. (a)	67,519		761,614
Icoria, Inc. (a)	5,801		1,392
ICOS Corp. (a)	29,632		640,051
Idenix Pharmaceuticals, Inc.	13,126		268,033
ImClone Systems, Inc. (a)	34,735		1,151,118
Immune Response Corp. (a)	5,029		3,520
Immunicon Corp. (a)	7,192		30,998
ImmunoGen, Inc. (a)	33,884		201,949
Immunomedics, Inc. (a)	11,508		20,714
Incyte Corp. (a)	42,798		326,549
Indevus Pharmaceuticals, Inc. (a)	18,476		63,373
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Insmed, Inc. (a)	10,199		$ 12,953
Interleukin Genetics, Inc. (a)	6,973		22,174
InterMune, Inc. (a)	9,193		110,408
Introgen Therapeutics, Inc. (a)	5,863		41,862
Invitrogen Corp. (a)	26,285		2,085,189
Isis Pharmaceuticals, Inc. (a)	19,155		70,107
Kendle International, Inc. (a)	4,210		48,541
Kosan Biosciences, Inc. (a)	8,015		37,911
La Jolla Pharmaceutical Co. (a)	13,815		11,190
Lexicon Genetics, Inc. (a)	22,319		108,024
Ligand Pharmaceuticals, Inc. Class B (a)	40,669		237,507
Lipid Sciences, Inc. (a)	6,973		36,817
Luminex Corp. (a)	20,616		205,335
Manhattan Pharmaceuticals, Inc. (a)	9,897		13,361
MannKind Corp.	19,534		253,551
Martek Biosciences (a)	14,397		538,304
Matritech, Inc. (a)	9,731		7,979
Maxim Pharmaceuticals, Inc. (a)	8,042		12,224
Maxygen, Inc. (a)	12,092		94,680
Medarex, Inc. (a)	41,013		310,879
Memory Pharmaceuticals Corp.	6,681		16,569
Millennium Pharmaceuticals, Inc. (a)	160,630		1,344,473
Myogen, Inc. (a)	7,818		51,755
Myriad Genetics, Inc. (a)	14,642		241,007
Nabi Biopharmaceuticals (a)	37,645		462,657
Nanogen, Inc. (a)	35,888		146,423
Neogen Corp. (a)	2,838		41,324
Neopharm, Inc. (a)	8,402		82,424
NeoRX Corp. (a)	5,171		2,947
Neose Technologies, Inc. (a)	9,641		25,356
Neurobiological Tech, Inc. (a)	4,585		15,222
Neurocrine Biosciences, Inc. (a)	17,929		675,385
Neurogen Corp. (a)	10,550		71,318
Northfield Laboratories, Inc. (a)	10,230		133,604
Northwest Biotherapeutics, Inc. (a)	2,800		560
Novavax, Inc. (a)	14,561		19,949
NPS Pharmaceuticals, Inc. (a)	17,211		199,131
Nuvelo, Inc. (a)	14,069		104,392
ONYX Pharmaceuticals, Inc. (a)	16,636		415,734
Orchid BioSciences, Inc. (a)	20,246		196,791
Ortec International, Inc. (a)	20		5
Orthologic Corp. (a)	36,394		147,760
Oscient Pharmaceuticals Corp. (a)	74,754		123,344
OSI Pharmaceuticals, Inc. (a)	23,376		868,886
OXiGENE, Inc. (a)	3,532		16,212
Palatin Technologies, Inc. (a)	9,806		19,808
Peregrine Pharmaceuticals, Inc. (a)	40,127		46,547
Pharmacopeia Drug Discovery, Inc. (a)	2,994		14,491
Pharmacyclics, Inc. (a)	5,240		42,025
Pharmion Corp. (a)	9,904		201,348
PRAECIS Pharmaceuticals, Inc. (a)	13,006		8,584
	Shares		Value
Progenics Pharmaceuticals, Inc. (a)	11,422		$ 228,440
Protein Design Labs, Inc. (a)	54,060		1,032,546
Regeneron Pharmaceuticals, Inc. (a)	15,683		97,705
Renovis, Inc. (a)	15,599		206,687
Repligen Corp. (a)	7,531		17,246
Rigel Pharmaceuticals, Inc. (a)	5,282		94,495
Sangamo Biosciences, Inc. (a)	5,746		21,548
Savient Pharmaceuticals, Inc. (a)	19,114		64,223
SciClone Pharmaceuticals, Inc. (a)	14,063		35,017
Seattle Genetics, Inc. (a)	19,175		92,615
Senomyx, Inc.	10,060		139,130
Sequenom, Inc. (a)	10,320		9,804
Seracare Life Sciences, Inc. (a)	5,802		78,501
Serologicals Corp. (a)	19,062		409,642
SIGA Technologies, Inc. (a)	5,146		7,050
Sirna Therapeutics, Inc. (a)	9,668		21,270
Solexa, Inc. (a)	501		3,056
Sonus Pharmaceuticals, Inc. (a)	4,772		15,461
Spectrum Pharmaceuticals, Inc. (a)	284		1,480
StemCells, Inc. (a)	46,919		194,714
Stratagene Corp. (a)	1,955		16,754
Strategic Diagnostics, Inc. (a)	3,743		10,518
Tanox, Inc. (a)	12,496		123,710
Tapestry Pharmaceuticals, Inc. (a)	6,737		3,773
Targeted Genetics Corp. (a)	17,490		14,517
Techne Corp. (a)	18,517		862,892
Telik, Inc. (a)	25,126		358,297
Third Wave Technologies, Inc. (a)	10,841		40,762
Titan Pharmaceuticals, Inc. (a)	11,415		24,542
Transgenomic, Inc. (a)	4,398		2,991
Transkaryotic Therapies, Inc. (a)	12,924		439,287
Trimeris, Inc. (a)	6,241		63,346
Unigene Laboratories, Inc. (a)	10,479		19,386
United Therapeutics Corp. (a)	10,741		536,620
Valentis, Inc. (a)	148		400
Vertex Pharmaceuticals, Inc. (a)	41,265		574,409
Vical, Inc. (a)	4,304		16,355
Vicuron Pharmaceuticals, Inc. (a)	28,304		466,450
Vion Pharmaceuticals, Inc. (a)	41,496		100,835
Viragen, Inc. (a)	2,058		1,132
ViroLogic, Inc. (a)	94,829		258,883
ViroPharma, Inc. (a)	9,450		41,108
XOMA Ltd. (a)	31,255		43,757
Zymogenetics, Inc. (a)	19,085		332,270
			54,904,213
Health Care Equipment & Supplies - 3.1%
Abaxis, Inc. (a)	6,763		70,673
Abiomed, Inc. (a)	7,205		67,511
Advanced Magnetics, Inc. (a)	1,558		13,944
Advanced Medical Optics, Inc. (a)	32,144		1,241,080
Advanced Neuromodulation Systems, Inc. (a)	12,635		449,301
AeroGen, Inc. (a)	1,834		1,284
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Aksys Ltd. (a)	7,205		$ 21,615
Align Technology, Inc. (a)	19,490		141,692
American Medical Systems Holdings, Inc. (a)	29,754		593,890
Analogic Corp.	4,867		206,799
Angeion Corp. (a)	2		5
Angiodynamics, Inc.	2,846		56,237
Anika Therapeutics, Inc. (a)	1,029		15,569
Animas Corp.	4,745		84,983
Applied Imaging Corp. (a)	1,848		2,624
Aradigm Corp. (a)	18,327		19,793
Arrow International, Inc.	11,330		382,954
Arthrocare Corp. (a)	11,370		366,569
Aspect Medical Systems, Inc. (a)	7,501		241,232
ATS Medical, Inc. (a)	6,269		20,374
Avitar, Inc. (a)	2,400		168
Beckman Coulter, Inc.	29,814		2,088,769
Bio-Rad Laboratories, Inc. Class A (a)	946		50,970
BioLase Technology, Inc.	9,270		65,446
Biosite, Inc. (a)	7,975		436,312
BioVeris Corp. (a)	7,558		38,470
Bruker BioSciences Corp. (a)	29,315		123,123
Cambridge Heart, Inc. (a)	1,200		396
Candela Corp. (a)	6,482		66,311
Cantel Medical Corp. (a)	6,163		189,204
Cardiac Science, Inc. (a)	21,052		20,631
Cardima, Inc. (a)	12,725		1,273
Cardiodynamics International Corp. (a)	13,842		30,729
Cardiogenesis Corp. (a)	2,780		1,140
Cardiotech International, Inc. (a)	3,688		6,897
Cerus Corp. (a)	5,687		23,260
Cholestech Corp. (a)	3,743		34,248
Clarient, Inc. (a)	8,140		11,559
Closure Medical Corp. (a)	4,341		117,077
Compex Technologies, Inc. (a)	2,466		9,272
Conceptus, Inc. (a)	11,964		63,768
CONMED Corp. (a)	13,894		435,438
Cooper Companies, Inc.	21,941		1,449,203
Curon Medical, Inc. (a)	10,105		6,568
Cutera, Inc.	9,296		148,736
Cyberonics, Inc. (a)	12,152		443,426
Cygnus, Inc. (a)	9,600		1,248
Cytyc Corp. (a)	55,599		1,301,573
Dade Behring Holdings, Inc.	21,542		1,440,083
Datascope Corp.	5,092		155,000
DENTSPLY International, Inc.	34,865		1,989,048
Diagnostic Products Corp.	11,373		495,180
Diametrics Medical, Inc. (a)	4,600		92
Digirad Corp.	4,978		26,383
DJ Orthopedics, Inc. (a)	9,063		251,498
E-Z-EM, Inc.	3,324		48,929
	Shares		Value
Edwards Lifesciences Corp. (a)	30,567		$ 1,397,218
Encore Medical Corp. (a)	13,697		69,581
Endologix, Inc. (a)	10,666		46,397
Enpath Medical, Inc. (a)	3,275		21,844
EP Medsystems, Inc. (a)	14,220		36,972
Epix Pharmaceuticals, Inc. (a)	14,654		116,206
Escalon Medical Corp. (a)	3,512		27,920
Exactech, Inc. (a)	2,414		32,348
Fonar Corp. (a)	19,649		22,989
Foxhollow Technologies, Inc.	6,285		238,202
Gen-Probe, Inc. (a)	25,260		981,604
Haemonetics Corp. (a)	13,187		536,711
Hillenbrand Industries, Inc.	29,729		1,500,125
Hologic, Inc. (a)	11,747		432,407
I-Flow Corp. (a)	9,152		149,544
ICU Medical, Inc. (a)	4,770		157,267
IDEXX Laboratories, Inc. (a)	16,015		924,546
Illumina, Inc. (a)	18,937		198,839
Immucor, Inc. (a)	23,566		789,461
Implant Sciences Corp. (a)	468		1,329
INAMED Corp. (a)	18,529		1,153,060
Integra LifeSciences Holdings Corp. (a)	7,912		264,419
Intermagnetics General Corp. (a)	14,014		404,584
IntraLase Corp.	5,385		104,415
Intuitive Surgical, Inc. (a)	16,313		807,494
Invacare Corp.	14,488		646,310
Inverness Medical Innovations, Inc. (a)	12,010		339,883
Iridex Corp. (a)	100		600
IRIS International, Inc. (a)	10,010		191,291
IVAX Diagnostics, Inc. (a)	7,111		33,066
Kensey Nash Corp. (a)	8,253		224,482
Kinetic Concepts, Inc. (a)	25,924		1,665,617
Kyphon, Inc. (a)	13,217		379,196
Laserscope, Inc. (a)	9,323		320,991
LifeCell Corp. (a)	18,394		243,904
Lifecore Biomedical, Inc. (a)	13,141		167,679
Matthews International Corp. Class A	19,095		706,324
Med-Design Corp. (a)	3,555		2,417
Medical Action Industries, Inc. (a)	2,970		52,658
Medwave, Inc. (a)	2,979		10,784
Mentor Corp.	18,531		758,103
Meridian Bioscience, Inc.	4,477		81,705
Merit Medical Systems, Inc. (a)	18,942		277,121
Mesa Laboratories, Inc.	4,207		50,947
Micro Therapeutics, Inc. (a)	8,566		34,264
Microtek Medical Holdings, Inc. (a)	12,551		44,180
Molecular Devices Corp. (a)	12,725		245,847
National Dentex Corp. (a)	2,508		47,025
Natus Medical, Inc. (a)	3,448		34,825
Nektar Therapeutics (a)	40,646		743,009
North American Scientific, Inc. (a)	3,930		11,790
Novoste Corp. (a)	5,146		4,271
Nutraceutical International Corp. (a)	4,825		63,642
NuVasive, Inc.	5,716		89,741
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Optical Sensors, Inc. (a)	16		$ 32
OraSure Technologies, Inc. (a)	16,097		133,766
Orthovita, Inc. (a)	20,662		65,705
Osteotech, Inc. (a)	4,011		11,592
Palomar Medical Technologies, Inc. (a)	5,194		118,683
Paradigm Medical Industries, Inc. (a)	3,600		216
Physiometrix, Inc. (a)	2,994		2,156
PolyMedica Corp.	16,786		589,189
Possis Medical, Inc. (a)	16,597		174,766
Precision Optics Corp., Inc. (a)	850		655
Quidel Corp. (a)	10,586		46,367
Quinton Cardiology Systems, Inc. (a)	1,955		15,620
Regeneration Technologies, Inc. (a)	6,737		45,340
ResMed, Inc. (a)	16,191		1,011,452
Respironics, Inc. (a)	17,039		1,138,887
Retractable Technologies, Inc. (a)	5,601		17,643
Rita Medical Systems, Inc. (a)	5,240		13,938
Somanetics Corp. (a)	6,762		122,933
Sonic Innovations, Inc. (a)	6,362		27,675
SonoSight, Inc. (a)	8,947		274,673
Spectrx, Inc. (a)	10,741		3,759
Staar Surgical Co. (a)	8,437		33,157
Stereotaxis, Inc.	21,349		167,590
Steris Corp. (a)	33,835		818,807
SurModics, Inc. (a)	9,780		385,528
Sybron Dental Specialties, Inc. (a)	19,441		720,678
Symmetry Medical, Inc.	4,445		99,301
Synovis Life Technologies, Inc. (a)	4,155		31,786
The Spectranetics Corp. (a)	4,398		25,113
Theragenics Corp. (a)	8,161		27,992
Thermogenesis Corp. (a)	39,439		158,150
Thoratec Corp. (a)	31,157		465,486
Trimedyne, Inc. (a)	8,608		4,993
TriPath Imaging, Inc. (a)	13,366		114,814
Urologix, Inc. (a)	5,053		22,082
Utah Medical Products, Inc.	3,222		70,111
Varian Medical Systems, Inc. (a)	68,150		2,563,122
Varian, Inc. (a)	17,582		654,050
Vasomedical, Inc. (a)	19,274		11,564
Ventana Medical Systems, Inc. (a)	15,582		658,340
Viasys Healthcare, Inc. (a)	15,673		364,397
Vision Sciences, Inc. (a)	8,293		22,308
Vital Signs, Inc.	3,275		138,107
West Pharmaceutical Services, Inc.	18,684		520,163
Wilson Greatbatch Technologies, Inc. (a)	13,770		331,031
Wright Medical Group, Inc. (a)	15,912		438,216
Young Innovations, Inc.	3,599		133,667
Zoll Medical Corp. (a)	5,795		137,573
			46,389,884
Health Care Providers & Services - 3.8%
A.D.A.M., Inc. (a)	2,620		14,908
	Shares		Value
Accelrys, Inc. (a)	5,988		$ 31,617
Accredo Health, Inc. (a)	24,006		1,075,949
Advisory Board Co. (a)	10,260		463,342
Air Methods Corp. (a)	2,008		13,614
Alliance Imaging, Inc. (a)	12,948		129,868
Allied Healthcare International, Inc. (a)	9,152		63,332
Allscripts Healthcare Solutions, Inc. (a)	10,292		168,377
Amedisys, Inc. (a)	7,502		226,635
America Service Group, Inc. (a)	4,584		90,259
American Dental Partners, Inc. (a)	1,695		40,731
American Healthways, Inc. (a)	16,117		632,915
American Retirement Corp. (a)	14,758		202,037
AMERIGROUP Corp. (a)	24,648		967,188
AMICAS, Inc. (a)	9,824		41,850
AMN Healthcare Services, Inc. (a)	7,568		109,282
AmSurg Corp. (a)	14,989		404,103
Andrx Corp. (a)	35,387		707,032
Apria Healthcare Group, Inc. (a)	23,586		742,959
Beverly Enterprises, Inc. (a)	60,098		743,412
Bio-Imaging Technologies, Inc. (a)	2,110		6,372
Bioanalytical Systems, Inc. (a)	4,772		30,302
BioScrip, Inc. (a)	10,245		53,581
BriteSmile, Inc. (a)	1,435		5,023
Capital Senior Living Corp. (a)	8,498		51,498
Centene Corp. (a)	19,014		611,300
Cerner Corp. (a)	14,947		976,786
Chemed Corp. New	12,524		529,515
Claimsnet.com, Inc. (a)	2,700		405
Community Health Systems, Inc. (a)	44,219		1,608,245
Comprehensive Care Corp. (a)	300		576
Computer Programs & Systems, Inc.	4,771		161,641
Corvel Corp. (a)	3,080		81,743
Covance, Inc. (a)	30,828		1,345,950
Coventry Health Care, Inc. (a)	52,547		3,658,322
Cross Country Healthcare, Inc. (a)	12,122		205,468
Cryolife, Inc. (a)	5,006		36,294
Curative Health Services, Inc. (a)	3,649		9,378
D & K Healthcare Resources, Inc.	3,743		30,543
DaVita, Inc. (a)	48,078		2,214,473
Dendrite International, Inc. (a)	18,964		293,942
Digital Angel Corp. (a)	7,990		31,321
Eclipsys Corp. (a)	22,643		303,869
Emeritus Corp. (a)	1,897		25,040
eResearchTechnology, Inc. (a)	23,930		292,903
Five Star Quality Care, Inc. (a)	407		2,776
Genesis HealthCare Corp. (a)	11,326		492,568
Gentiva Health Services, Inc. (a)	15,272		242,672
Hanger Orthopedic Group, Inc. (a)	6,855		34,961
Health Grades, Inc. (a)	100		440
Health Net, Inc. (a)	55,546		1,901,340
HealthAxis, Inc. (a)	190		361
HealthExtras, Inc. (a)	10,723		183,792
HealthGate Data Corp. (a)	1,733		607
HealthStream, Inc. (a)	6,041		18,063
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
HealthTronics Surgical Services, Inc. (a)	18,929		$ 240,209
HearUSA, Inc. (a)	11,117		19,010
Henry Schein, Inc. (a)	42,807		1,724,694
HMS Holdings Corp. (a)	6,175		38,285
Hooper Holmes, Inc.	23,892		95,568
Hythiam, Inc. (a)	13,644		78,862
IDX Systems Corp. (a)	8,913		284,325
Kindred Healthcare, Inc. (a)	15,832		610,799
LabOne, Inc. (a)	9,088		350,252
LCA-Vision, Inc.	9,840		434,731
Lifeline Systems, Inc. (a)	6,086		198,160
LifePoint Hospitals, Inc. (a)	24,004		1,079,700
Lincare Holdings, Inc. (a)	49,283		2,166,481
Magellan Health Services, Inc. (a)	15,839		514,292
Matria Healthcare, Inc. (a)	9,187		261,738
Medcath Corp. (a)	4,959		128,488
Medical Staffing Network Holdings, Inc. (a)	8,863		48,126
Mediware Information Systems, Inc. (a)	1,310		15,393
Merge Technologies, Inc. (a)	5,082		88,427
Molina Healthcare, Inc. (a)	4,735		202,658
National Healthcare Corp.	5,307		175,396
National Medical Health Card Systems, Inc. (a)	2,994		68,922
National Research Corp.	1,185		16,590
NDCHealth Corp.	22,122		370,765
NovaMed Eyecare, Inc. (a)	4,865		30,114
NWH, Inc.	2,958		44,370
OCA, Inc. (a)	15,187		62,267
Odyssey Healthcare, Inc. (a)	21,592		286,310
Omnicare, Inc.	52,091		1,996,127
Omnicell, Inc. (a)	6,445		41,893
Option Care, Inc.	9,298		123,663
Owens & Minor, Inc.	20,823		645,513
Pacific Ethanol, Inc. (a)	10,539		115,297
PacifiCare Health Systems, Inc. (a)	43,895		2,757,923
PAREXEL International Corp. (a)	10,681		194,928
Patterson Companies, Inc. (a)	57,266		2,599,304
PDI, Inc. (a)	3,836		46,032
Pediatrix Medical Group, Inc. (a)	11,224		826,423
Per-Se Technologies, Inc. (a)	16,645		315,756
Pharmaceutical Product Development, Inc. (a)	24,599		1,190,100
PRA International	5,000		130,150
Precis, Inc. (a)	3,930		3,812
Priority Healthcare Corp. Class B (a)	21,406		489,769
ProxyMed, Inc. (a)	3,259		20,760
PSS World Medical, Inc. (a)	31,368		368,260
Psychemedics Corp.	3,872		56,144
Psychiatric Solutions, Inc. (a)	10,475		428,951
QMed, Inc. (a)	4,585		32,599
	Shares		Value
Radiation Therapy Services, Inc.	5,067		$ 104,887
Radiologix, Inc. (a)	6,550		25,742
RehabCare Group, Inc. (a)	10,698		297,297
Renal Care Group, Inc. (a)	33,085		1,529,850
ResCare, Inc. (a)	11,581		154,375
Rural/Metro Corp. (a)	8,327		62,527
SFBC International, Inc. (a)	9,166		320,902
Sierra Health Services, Inc. (a)	10,758		710,781
Specialty Laboratories, Inc. (a)	6,269		51,531
SRI/Surgical Express, Inc. (a)	2,620		11,476
Sun Healthcare Group, Inc. (a)	7,484		52,388
Sunrise Senior Living, Inc. (a)	9,735		507,680
Symbion, Inc. (a)	13,630		321,668
Triad Hospitals, Inc. (a)	38,302		1,942,677
Tripos, Inc. (a)	2,058		7,409
TriZetto Group, Inc. (a)	26,787		371,804
U.S. Physical Therapy, Inc. (a)	4,585		73,498
United Surgical Partners International, Inc. (a)	13,038		627,649
Universal Health Services, Inc. Class B	27,301		1,595,197
VCA Antech, Inc. (a)	39,356		974,455
Ventiv Health, Inc. (a)	11,820		239,946
VistaCare, Inc. Class A (a)	5,318		94,873
WebMD Corp. (a)	163,288		1,539,806
Wellcare Health Plans, Inc.	10,100		350,470
WellChoice, Inc. (a)	16,498		942,036
			57,240,740
Pharmaceuticals - 1.4%
Able Laboratories, Inc. (a)	13,759		58,751
Acusphere, Inc. (a)	1,403		6,664
Adolor Corp. (a)	22,706		217,069
Advancis Pharmaceutical Corp. (a)	4,491		20,030
Alpharma, Inc. Class A	16,636		214,105
Alteon, Inc. (a)	9,772		7,231
American Pharmaceutical Partners, Inc. (a)	19,772		868,386
Antigenics, Inc. (a)	19,086		127,876
Argonaut Technologies, Inc. (a)	2,100		1,974
Atherogenics, Inc. (a)	21,187		301,915
AVANIR Pharmaceuticals Class A (a)	57,046		141,474
Barr Pharmaceuticals, Inc. (a)	45,199		2,297,013
Barrier Therapeutics, Inc.	6,541		104,394
Bentley Pharmaceuticals, Inc. (a)	7,642		83,221
Bone Care International, Inc. (a)	8,823		288,865
Boston Life Sciences, Inc. (a)	1,366		3,005
Bradley Pharmaceuticals, Inc. (a)	5,396		54,014
Cellegy Pharmaceuticals, Inc. (a)	10,121		18,218
CNS., Inc.	5,283		110,943
Collagenex Pharmaceuticals, Inc. (a)	4,585		22,604
Columbia Laboratories, Inc. (a)	12,667		32,934
Connetics Corp. (a)	18,114		403,399
Corcept Therapeutics, Inc. (a)	7,957		31,351
Cortex Pharmaceuticals, Inc. (a)	7,017		16,420
Cypress Bioscience, Inc. (a)	19,092		231,968
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
DepoMed, Inc. (a)	14,582		$ 64,452
Discovery Laboratories, Inc. (a)	33,851		238,650
Durect Corp. (a)	14,242		51,129
Emisphere Technologies, Inc. (a)	4,678		18,151
Endo Pharmaceuticals Holdings, Inc. (a)	37,764		766,609
Eon Labs, Inc. (a)	13,690		419,462
Ergo Science Corp. (a)	3,743		9,919
First Horizon Pharmaceutical Corp. (a)	12,197		229,304
Guilford Pharmaceuticals, Inc. (a)	8,608		21,692
Heska Corp. (a)	20,430		15,323
Hi-Tech Pharmacal Co., Inc. (a)	1,747		52,515
Hollis-Eden Pharmaceuticals, Inc. (a)	6,761		57,401
Immtech International, Inc. (a)	2,377		30,235
Impax Laboratories, Inc. (a)	25,598		419,807
InKine Pharmaceutical, Inc. (a)	14,194		32,362
Inspire Pharmaceuticals, Inc. (a)	16,447		106,906
Interpharm Holdings, Inc. (a)	2,260		2,938
IntraBiotics Pharmaceuticals, Inc. (a)	982		3,388
Ista Pharmaceuticals, Inc. (a)	7,132		56,485
IVAX Corp. (a)	108,313		2,128,350
Kos Pharmaceuticals, Inc. (a)	7,706		444,867
KV Pharmaceutical Co. Class A (a)	22,399		445,740
MacroChem Corp. (a)	8,982		2,246
Matrixx Initiatives, Inc. (a)	3,745		39,472
Medicines Co. (a)	23,402		513,440
Medicis Pharmaceutical Corp. Class A	26,916		758,493
MGI Pharma, Inc. (a)	33,805		784,276
Miravant Medical Technologies (a)	5,240		3,249
Nastech Pharmaceutical Co., Inc. (a)	13,653		165,884
New River Pharmaceuticals, Inc.	6,595		215,986
NitroMed, Inc. (a)	7,285		139,435
Noven Pharmaceuticals, Inc. (a)	9,569		172,242
Nutrition 21, Inc. (a)	16,280		15,792
Orphan Medical, Inc. (a)	2,152		22,897
Oxis International, Inc. (a)	5,100		1,581
Pain Therapeutics, Inc. (a)	12,891		67,678
Par Pharmaceutical Companies, Inc. (a)	16,558		529,856
Penwest Pharmaceuticals Co. (a)	6,245		75,440
Perrigo Co.	37,462		582,159
Pharmos Corp. (a)	12,986		37,270
Pozen, Inc. (a)	8,367		61,665
Pure World, Inc. (a)	3,032		6,003
Salix Pharmaceuticals Ltd. (a)	23,743		415,740
Santarus, Inc.	9,294		27,603
SCOLR Pharma, Inc. (a)	17,200		62,608
Sepracor, Inc. (a)	52,671		3,200,290
SuperGen, Inc. (a)	29,317		147,465
Theravance, Inc.	20,000		351,800
Valeant Pharmaceuticals International	47,647		982,958
	Shares		Value
Vivus, Inc. (a)	7,394		$ 17,598
Zila, Inc. (a)	11,602		33,646
			20,714,281
TOTAL HEALTH CARE			179,249,118
INDUSTRIALS - 10.0%
Aerospace & Defense - 1.0%
AAR Corp. (a)	17,638		282,914
Alliant Techsystems, Inc. (a)	18,426		1,321,144
Applied Signal Technology, Inc.	5,054		88,445
Armor Holdings, Inc. (a)	14,548		549,187
Astronics Corp. (a)	3,368		27,112
Aviall, Inc. (a)	14,956		460,346
BE Aerospace, Inc. (a)	32,481		470,000
Ceradyne, Inc. (a)	12,324		284,561
CPI Aerostructures, Inc. (a)	1,677		15,646
Cubic Corp.	9,321		164,050
Curtiss-Wright Corp.	10,637		581,631
DHB Industries, Inc. (a)	15,368		120,792
DRS Technologies, Inc. (a)	12,783		601,824
Ducommun, Inc. (a)	2,048		33,690
EDO Corp.	9,094		258,906
Engineered Support Systems, Inc.	18,793		732,927
Esterline Technologies Corp. (a)	14,234		553,703
Firearms Training Systems, Inc. Class A (a)	32,643		47,985
GenCorp, Inc. (non-vtg.) (a)	19,734		372,973
Hawk Corp. Class A (a)	3,526		39,456
Heico Corp. Class A	7,372		123,776
Herley Industries, Inc. (a)	12,228		214,112
Hexcel Corp. (a)	23,761		388,255
Innovative Solutions & Support, Inc. (a)	5,801		200,947
Ionatron, Inc. (a)	15,916		141,652
Irvine Sensors Corp. (a)	390		803
Kaman Corp. Class A	10,776		166,705
KVH Industries, Inc. (a)	2,861		26,579
Ladish Co., Inc. (a)	2,592		28,771
Mercury Air Group, Inc.	4,372		15,127
Mercury Computer Systems, Inc. (a)	13,741		397,115
Moog, Inc. Class A (a)	17,518		531,671
MTC Technologies, Inc. (a)	6,932		232,430
Orbital Sciences Corp. (a)	28,133		273,171
Pemco Aviation Group, Inc. (a)	664		16,534
Precision Castparts Corp.	32,140		2,498,242
Sequa Corp. Class A (a)	3,323		192,734
Sypris Solutions, Inc.	8,306		87,545
Teledyne Technologies, Inc. (a)	15,810		499,912
The Allied Defense Group, Inc. (a)	1,497		35,688
Todd Shipyards Corp.	976		18,788
Triumph Group, Inc. (a)	9,892		350,968
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
United Defense Industries, Inc.	23,778		$ 1,771,699
United Industrial Corp.	4,210		145,877
			15,366,393
Air Freight & Logistics - 0.5%
ABX Air, Inc. (a)	24,425		183,676
AirNet Systems, Inc. (a)	400		1,996
C.H. Robinson Worldwide, Inc.	42,285		2,417,433
Dynamex, Inc. (a)	5,891		105,979
EGL, Inc. (a)	15,109		287,524
Expeditors International of Washington, Inc.	53,194		2,711,830
Forward Air Corp.	16,516		443,455
Hub Group, Inc. Class A (a)	10,554		290,024
Pacer International, Inc. (a)	20,798		474,402
Park-Ohio Holdings Corp. (a)	2,246		34,252
Velocity Express Corp. (a)	10		92
			6,950,663
Airlines - 0.4%
AirTran Holdings, Inc. (a)	44,245		431,831
Alaska Air Group, Inc. (a)	12,205		360,292
America West Holding Corp. Class B (a)	9,440		52,864
AMR Corp. (a)	77,964		1,005,736
Continental Airlines, Inc. Class B (a)	33,664		466,583
ExpressJet Holdings, Inc. Class A (a)	15,449		133,325
FLYi, Inc. (a)	12,753		9,692
Frontier Airlines, Inc. (a)	24,186		295,311
Hawaiian Holdings, Inc. (a)	24,994		133,468
JetBlue Airways Corp. (a)	47,373		1,029,415
MAIR Holdings, Inc. (a)	10,106		96,411
Mesa Air Group, Inc. (a)	31,372		200,153
Midwest Air Group, Inc. (a)	2,199		4,310
Northwest Airlines Corp. (a)	30,502		185,757
Pinnacle Airlines Corp. (a)	9,213		90,287
Republic Airways Holdings, Inc.	6,555		83,642
SkyWest, Inc.	29,545		538,901
UAL Corp. (a)	30,750		40,898
World Air Holdings, Inc. (a)	5,000		42,600
			5,201,476
Building Products - 0.4%
Aaon, Inc. (a)	3,343		59,840
Advanced Environmental Recycling Technologies, Inc. Class A (a)	11,364		15,796
American Woodmark Corp.	6,070		204,013
Ameron International Corp.	7,159		236,247
Apogee Enterprises, Inc.	10,123		141,621
Armstrong Holdings, Inc. (a)	17,029		52,279
ElkCorp	10,708		353,364
Griffon Corp. (a)	13,433		267,720
International Aluminum Corp.	2,821		97,325
Jacuzzi Brands, Inc. (a)	41,827		427,054
	Shares		Value
Lennox International, Inc.	27,074		$ 575,052
NCI Building Systems, Inc. (a)	10,453		361,047
North American Technologies Group, Inc. (a)	15,190		3,494
Owens Corning (a)	25,785		118,611
PW Eagle, Inc. (a)	4,678		30,781
Quixote Corp.	2,744		53,453
Simpson Manufacturing Co. Ltd.	18,925		543,905
Trex Co., Inc. (a)	5,040		194,292
Universal Forest Products, Inc.	10,000		398,000
US Home Systems, Inc. (a)	1,441		6,985
USG Corp. (a)	14,982		686,925
Water Pik Technologies, Inc. (a)	4,117		76,494
York International Corp.	23,349		961,979
			5,866,277
Commercial Services & Supplies - 2.6%
A.T. Cross Co. Class A (a)	7,939		39,933
ABM Industries, Inc.	16,671		317,916
Adesa, Inc.	44,415		1,011,774
Administaff, Inc.	12,570		268,495
Ambassadors International, Inc.	3,352		42,973
American Ecology Corp.	7,611		96,355
American Reprographics Co.	10,952		163,185
Amrep Corp.	1,187		25,770
Angelica Corp.	3,181		84,201
APAC Customer Services, Inc. (a)	13,380		12,845
Aramark Corp. Class B	53,447		1,395,501
Asset Acceptance Capital Corp. (a)	7,917		194,521
Banta Corp.	12,999		570,916
Bowne & Co., Inc.	22,482		297,887
Brady Corp. Class A	19,602		599,233
Casella Waste Systems, Inc. Class A (a)	6,013		68,608
CDI Corp.	6,472		138,112
Central Parking Corp.	12,239		206,839
Century Business Services, Inc. (a)	22,865		91,689
Cenveo, Inc. (a)	25,258		211,662
ChoicePoint, Inc. (a)	43,459		1,706,200
Clean Harbors, Inc. (a)	3,368		69,886
Coinstar, Inc. (a)	12,617		238,966
Comsys IT Partners, Inc. (a)	9,126		154,321
Consolidated Graphics, Inc. (a)	7,126		301,644
Copart, Inc. (a)	31,203		773,522
Cornell Companies, Inc. (a)	2,994		38,443
Corporate Executive Board Co.	19,080		1,331,402
Corrections Corp. of America (a)	15,101		545,146
CoStar Group, Inc. (a)	10,946		439,810
CRA International, Inc. (a)	3,927		223,800
Deluxe Corp.	24,752		1,000,228
DiamondCluster International, Inc. (a)	15,755		206,075
Dun & Bradstreet Corp. (a)	35,162		2,160,353
Duratek, Inc. (a)	4,440		97,369
Ennis, Inc.	16,601		263,790
Exponent, Inc. (a)	4,404		109,087
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
First Consulting Group, Inc. (a)	8,047		$ 41,683
Food Technology Service, Inc. (a)	24,286		25,087
FTI Consulting, Inc. (a)	18,622		409,498
G&K Services, Inc. Class A	11,899		468,345
General Binding Corp. (a)	4,987		103,181
Gevity HR, Inc.	14,736		252,722
GP Strategies Corp. (a)	6,690		47,499
Healthcare Services Group, Inc.	12,453		232,871
Heidrick & Struggles International, Inc. (a)	7,587		190,510
Herman Miller, Inc.	37,091		1,079,719
HNI Corp.	23,276		1,200,809
Hudson Highland Group, Inc. (a)	9,360		149,854
Humitech International Group, Inc. (a)	75		0
Huron Consulting Group, Inc.	5,724		131,480
ICT Group, Inc. (a)	2,304		21,404
IKON Office Solutions, Inc.	60,502		586,264
Imagistics International, Inc. (a)	10,064		271,124
Innotrac Corp. (a)	3,181		27,007
Integrated Alarm Services Group, Inc. (a)	5,801		23,494
Intersections, Inc.	3,842		37,460
John H. Harland Co.	12,788		481,724
Kaiser Ventures LLC Class A (a)	100		0
Kelly Services, Inc. Class A (non-vtg.)	11,483		319,342
Kforce, Inc. (a)	14,628		117,609
Knoll, Inc.	5,664		98,440
Korn/Ferry International (a)	16,006		253,855
Labor Ready, Inc. (a)	24,006		495,484
Layne Christensen Co. (a)	9,628		166,564
Learning Tree International, Inc. (a)	4,772		61,416
LECG Corp. (a)	10,710		206,489
Mac-Gray Corp. (a)	3,487		30,407
Manpower, Inc.	45,361		1,806,729
McGrath RentCorp.	12,352		284,714
Medialink Worldwide, Inc. (a)	9,153		28,832
Mine Safety Appliances Co.	13,105		600,340
Mobile Mini, Inc. (a)	9,513		351,220
Multi-Color Corp.	954		25,090
Nashua Corp. (a)	4,665		41,985
Navigant Consulting, Inc. (a)	23,091		529,708
NCO Group, Inc. (a)	17,519		347,927
New Horizons Worldwide, Inc. (a)	1,029		3,715
On Assignment, Inc. (a)	7,298		38,679
PerfectData Corp. (a)	2,400		3,072
Perma-Fix Environmental Services, Inc. (a)	8,161		14,282
PHH Corp. (a)	27,272		654,255
PICO Holdings, Inc. (a)	3,619		93,696
Portfolio Recovery Associates, Inc. (a)	5,343		210,568
PRG-Schultz International, Inc. (a)	51,315		198,076
	Shares		Value
Prosoft Learning Corp. (a)	550		$ 314
Protection One, Inc. (a)	512		10,240
Providence Service Corp. (a)	1,871		47,261
RCM Technologies, Inc. (a)	5,333		24,532
RemedyTemp, Inc. Class A (a)	2,024		19,633
Republic Services, Inc.	65,747		2,332,704
Resources Connection, Inc. (a)	22,366		445,531
Rollins, Inc.	15,303		312,181
School Specialty, Inc. (a)	8,378		328,585
Sirva, Inc. (a)	9,936		77,998
SITEL Corp. (a)	17,217		34,090
SOURCECORP, Inc. (a)	10,346		221,508
Spherion Corp. (a)	26,671		145,890
Spherix, Inc. (a)	5,297		9,058
Standard Register Co.	11,044		156,383
Steelcase, Inc. Class A	27,429		353,834
Stericycle, Inc. (a)	22,113		1,097,247
Team, Inc. (a)	1,942		36,898
TeamStaff, Inc. (a)	6,456		10,588
Teletech Holdings, Inc. (a)	22,516		183,956
Tetra Tech, Inc. (a)	28,236		340,244
The Brink's Co.	28,104		877,126
The Geo Group, Inc. (a)	4,188		101,643
TRC Companies, Inc. (a)	3,649		41,599
TRM Corp. (a)	4,518		73,327
U.S. Liquids, Inc. (a)	500		0
United Stationers, Inc. (a)	17,551		860,526
Venture Catalyst, Inc. (a)	4,800		2,160
Viad Corp.	9,927		275,971
Volt Information Sciences, Inc. (a)	4,078		80,133
Waste Connections, Inc. (a)	21,121		783,167
Waste Industries USA, Inc.	5,309		76,609
Waterlink, Inc. (a)	13,000		3
Watson Wyatt & Co. Holdings Class A	15,646		411,803
WCA Waste Corp.	14,127		125,589
West Corp. (a)	9,761		343,002
Westaff, Inc. (a)	6,445		22,364
			38,526,383
Construction & Engineering - 0.4%
Comfort Systems USA, Inc. (a)	13,509		84,972
Dycom Industries, Inc. (a)	23,055		452,800
EMCOR Group, Inc. (a)	8,411		399,523
ENGlobal Corp. (a)	5,236		19,007
Foster Wheeler Ltd. (a)	1		7
Granite Construction, Inc.	20,803		487,830
Infrasource Services, Inc.	14,105		155,155
Insituform Technologies, Inc. Class A (a)	10,399		154,321
Integrated Electrical Services, Inc. (a)	12,962		19,702
Jacobs Engineering Group, Inc. (a)	27,425		1,442,007
Keith Companies, Inc. (a)	3,743		79,164
MasTec, Inc. (a)	15,207		128,651
McDermott International, Inc. (a)	28,537		608,694
Michael Baker Corp. (a)	1,542		26,615
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - continued
Modtech Holdings, Inc. (a)	5,824		$ 36,109
Perini Corp. (a)	8,236		124,199
Quanta Services, Inc. (a)	50,026		451,735
Shaw Group, Inc. (a)	39,603		798,000
URS Corp. (a)	18,875		638,541
Xanser Corp. (a)	6,501		14,367
			6,121,399
Electrical Equipment - 0.8%
A.O. Smith Corp.	9,105		285,533
Active Power, Inc. (a)	12,538		33,602
Acuity Brands, Inc.	20,955		514,445
Alpine Group, Inc.	500		775
American Superconductor Corp. (a)	11,273		99,766
AMETEK, Inc.	34,434		1,316,412
AML Communications, Inc. (a)	4,959		5,306
Arotech Corp. (a)	6,082		6,447
Artesyn Technologies, Inc. (a)	26,577		218,729
AZZ, Inc. (a)	2,745		43,947
Baldor Electric Co.	16,987		427,223
Beacon Power Corp. (a)	1,934		1,644
BTU International, Inc. (a)	5,333		20,212
C&D Technologies, Inc.	10,479		76,706
Capstone Turbine Corp. (a)	19,181		19,181
Color Kinetics, Inc.	4,701		51,429
Digital Power Corp. (a)	4,959		3,223
Distributed Energy Systems Corp. (a)	8,514		28,266
Encore Wire Corp. (a)	5,950		65,450
Ener1, Inc. (a)	103,431		46,544
Energy Conversion Devices, Inc. (a)	12,728		245,396
EnerSys	6,321		65,802
Evergreen Solar, Inc. (a)	30,083		151,919
EXX, Inc. Class A (a)	3,975		7,394
Franklin Electric Co., Inc.	7,380		283,540
FuelCell Energy, Inc. (a)	16,439		133,813
General Cable Corp. (a)	16,412		229,932
Genlyte Group, Inc. (a)	11,710		521,798
Global Power Equipment Group, Inc. (a)	12,875		98,623
GrafTech International Ltd. (a)	57,460		252,824
Hubbell, Inc. Class B	29,584		1,344,297
II-VI, Inc. (a)	14,906		245,502
LaBarge, Inc. (a)	3,526		50,034
Lamson & Sessions Co. (a)	7,205		78,462
LSI Industries, Inc.	18,573		252,407
M-Wave, Inc. (a)	3,800		4,028
MagneTek, Inc. (a)	6,175		13,647
Medis Technologies Ltd. (a)	10,041		138,265
Microvision, Inc. (a)	4,959		32,085
Millennium Cell, Inc. (a)	10,760		16,248
Peco II, Inc. (a)	2,700		2,862
Plug Power, Inc. (a)	21,369		132,915
Powell Industries, Inc. (a)	3,555		65,483
	Shares		Value
Power-One, Inc. (a)	27,820		$ 152,454
Preformed Line Products Co.	2,387		81,468
Regal-Beloit Corp.	15,780		405,546
Roper Industries, Inc.	21,597		1,509,630
Technology Research Corp.	3,139		15,726
Thomas & Betts Corp. (a)	29,837		921,367
Ultralife Batteries, Inc. (a)	3,836		62,604
UQM Technologies, Inc. (a)	9,558		28,674
Valence Technology, Inc. (a)	28,181		83,416
Vicor Corp.	6,422		85,413
Woodward Governor Co.	6,578		508,940
			11,487,354
Industrial Conglomerates - 0.3%
Alleghany Corp.	2,298		644,015
Carlisle Companies, Inc.	15,455		1,071,341
Raven Industries, Inc.	5,968		152,065
Standex International Corp.	6,940		185,714
Teleflex, Inc.	17,720		991,434
Tredegar Corp.	13,644		208,071
Walter Industries, Inc.	18,208		772,019
			4,024,659
Machinery - 2.2%
3D Systems Corp. (a)	4,678		99,174
A.S.V., Inc. (a)	5,754		208,870
Actuant Corp. Class A (a)	13,141		591,345
AGCO Corp. (a)	44,788		822,308
Alamo Group, Inc.	3,665		74,766
Albany International Corp. Class A	14,164		442,908
American Science & Engineering, Inc. (a)	4,072		155,184
Ampco-Pittsburgh Corp.	3,730		43,007
Astec Industries, Inc. (a)	5,339		117,084
Axsys Technologies, Inc. (a)	2,806		47,814
Badger Meter, Inc.	3,952		148,674
Baldwin Technology Co., Inc. Class A (a)	3,555		10,665
Barnes Group, Inc.	7,406		227,216
Briggs & Stratton Corp.	23,949		810,913
Bucyrus International, Inc. Class A	9,495		338,782
Cascade Corp.	7,531		265,242
Catalytica Energy Systems, Inc. (a)	8,234		16,221
Circor International, Inc.	7,340		181,665
CLARCOR, Inc.	25,280		710,115
Columbus McKinnon Corp. (NY Shares) (a)	2,526		23,845
Commercial Vehicle Group, Inc.	5,089		93,587
Crane Co.	26,149		686,934
CUNO, Inc. (a)	9,646		685,831
Donaldson Co., Inc.	37,756		1,211,968
EnPro Industries, Inc. (a)	10,275		278,144
ESCO Technologies, Inc. (a)	7,324		620,709
Federal Signal Corp.	25,728		402,129
Flanders Corp. (a)	10,793		107,606
Flow International Corp. (a)	7,017		45,611
Flowserve Corp. (a)	26,957		794,423
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Freightcar America, Inc.	7,160		$ 140,909
Gardner Denver, Inc. (a)	11,276		432,435
Gehl Co. (a)	2,789		83,637
Gorman-Rupp Co.	3,011		61,123
Graco, Inc.	34,412		1,200,635
Greenbrier Companies, Inc.	4,808		133,278
Hardinge, Inc.	3,618		58,677
Harsco Corp.	21,620		1,254,609
Hirsch International Corp. Class A	2,100		2,100
IDEX Corp.	23,950		919,920
JLG Industries, Inc.	22,344		569,549
Joy Global, Inc.	39,742		1,491,915
Kadant, Inc. (a)	10,799		221,380
Kaydon Corp.	15,748		449,448
Kennametal, Inc.	17,241		758,604
Key Technology, Inc. (a)	2,697		29,667
Lincoln Electric Holdings, Inc.	16,627		544,701
Lindsay Manufacturing Co.	2,911		58,249
Lydall, Inc. (a)	4,210		34,690
Manitowoc Co., Inc.	15,308		620,433
Met-Pro Corp.	4,936		71,128
Middleby Corp.	3,871		213,679
Milacron, Inc. (a)	13,450		29,321
Miller Industries, Inc. (a)	8,914		106,522
Mueller Industries, Inc.	16,578		447,606
NACCO Industries, Inc. Class A	2,260		231,650
Nordson Corp.	13,360		415,362
Oshkosh Truck Co.	17,949		1,431,253
Paragon Technologies, Inc. (a)	1,565		16,824
Pentair, Inc.	52,029		2,315,811
Portec Rail Products, Inc.	5,406		53,141
Robbins & Myers, Inc.	5,734		135,609
Spire Corp. (a)	200		880
SPX Corp.	39,633		1,760,102
Stewart & Stevenson Services, Inc.	10,798		257,964
Sun Hydraulics Corp.	5,760		212,659
Tecumseh Products Co. Class A (non-vtg.)	9,990		273,127
Tennant Co.	3,550		132,415
Terex Corp. (a)	25,431		1,005,033
The L.S. Starrett Co. Class A	5,190		88,593
Thomas Industries, Inc.	10,548		420,549
Timken Co.	42,674		1,002,839
Titan International, Inc.	8,031		118,618
Toro Co.	23,824		1,025,623
Trinity Industries, Inc.	20,627		599,421
TurboChef Technologies, Inc. (a)	7,368		81,785
Valmont Industries, Inc.	8,590		205,731
Wabash National Corp.	17,869		445,117
Wabtec Corp.	21,048		435,694
	Shares		Value
Watts Water Technologies, Inc. Class A	13,498		$ 470,135
Wolverine Tube, Inc. (a)	11,965		86,268
			33,419,158
Marine - 0.1%
Alexander & Baldwin, Inc.	21,453		953,586
International Shipholding Corp. (a)	4,464		65,174
Kirby Corp. (a)	12,683		541,057
			1,559,817
Road & Rail - 0.8%
AMERCO (a)	4,227		224,792
Arkansas Best Corp.	13,868		453,900
Celadon Group, Inc. (a)	3,555		64,346
Central Freight Lines, Inc. (a)	4,722		13,741
CNF, Inc.	26,516		1,181,288
Covenant Transport, Inc. Class A (a)	4,491		62,335
Dollar Thrifty Automotive Group, Inc. (a)	12,284		442,101
Florida East Coast Industries, Inc. Class A	10,362		435,826
Frozen Food Express Industries, Inc. (a)	4,026		43,280
Genesee & Wyoming, Inc. Class A (a)	9,231		257,914
Heartland Express, Inc.	22,966		460,468
J.B. Hunt Transport Services, Inc.	63,916		1,283,433
Kansas City Southern (a)	33,906		677,781
Knight Transportation, Inc.	18,213		445,308
Laidlaw International, Inc. (a)	53,748		1,195,356
Landstar System, Inc. (a)	30,350		1,024,009
Marten Transport Ltd. (a)	5,381		105,521
Old Dominion Freight Lines, Inc. (a)	9,459		288,216
Overnite Corp.	13,723		584,874
P.A.M. Transportation Services, Inc. (a)	3,368		55,505
Patriot Transportation Holding, Inc. (a)	534		27,928
Quality Distribution, Inc. (a)	6,526		51,816
RailAmerica, Inc. (a)	27,000		315,090
SCS Transportation, Inc. (a)	7,643		139,485
Swift Transportation Co., Inc. (a)	25,658		629,904
U.S. Xpress Enterprises, Inc. Class A (a)	4,026		49,157
USA Truck, Inc. (a)	4,594		93,029
Werner Enterprises, Inc.	29,159		548,481
Yellow Roadway Corp. (a)	26,977		1,423,846
			12,578,730
Trading Companies & Distributors - 0.5%
Aceto Corp.	6,871		49,952
Applied Industrial Technologies, Inc.	15,418		469,324
Beacon Roofing Supply, Inc.	6,928		165,648
BlueLinx Corp.	5,464		66,442
Electro Rent Corp. (a)	5,676		66,693
Fastenal Co.	32,031		1,861,642
GATX Corp.	23,171		773,216
Hughes Supply, Inc.	33,947		882,622
Huttig Building Products, Inc. (a)	6,924		75,541
Interline Brands, Inc.	7,766		156,019
Lawson Products, Inc.	2,516		107,685
MSC Industrial Direct Co., Inc. Class A	23,826		741,703
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - continued
NuCo2, Inc. (a)	6,606		$ 156,430
Rush Enterprises, Inc. Class B (a)	14,669		213,434
UAP Holding Corp.	19,052		277,207
United Rentals, Inc. (a)	32,666		655,933
Watsco, Inc.	11,978		529,308
WESCO International, Inc. (a)	13,788		402,610
Willis Lease Finance Corp. (a)	2,246		18,305
			7,669,714
Transportation Infrastructure - 0.0%
Interpool, Inc.	6,238		135,489
Macquarie Infrastructure Co. Trust	11,700		342,810
TIMCO Aviation Services, Inc. (a)	1,570		259
			478,558
TOTAL INDUSTRIALS			149,250,581
INFORMATION TECHNOLOGY - 14.0%
Communications Equipment - 1.6%
3Com Corp. (a)	200,317		733,160
ACE*COMM Corp. (a)	4,585		9,720
Adtran, Inc.	25,739		565,486
Airnet Communications Corp. (a)	290		302
Alliance Fiber Optic Products, Inc. (a)	23,499		21,619
AltiGen Communications, Inc. (a)	1,965		3,773
American Access Technologies, Inc. (a)	3,100		5,363
Amplidyne, Inc. (a)	2,500		750
Anaren, Inc. (a)	5,614		66,470
Applied Innovation, Inc. (a)	4,398		21,418
Arris Group, Inc. (a)	46,856		405,773
Avanex Corp. (a)	47,520		47,995
Avici Systems, Inc. (a)	5,006		22,327
Avocent Corp. (a)	23,887		668,836
Aware, Inc. (a)	10,854		71,636
Bel Fuse, Inc. Class B	4,800		143,520
Belden CDT, Inc.	22,395		450,587
Black Box Corp.	9,551		328,363
Brooktrout, Inc. (a)	2,433		24,257
C-COR, Inc. (a)	17,135		117,889
Carrier Access Corp. (a)	8,499		40,965
Centillium Communications, Inc. (a)	7,672		16,802
Comarco, Inc. (a)	2,807		22,428
CommScope, Inc. (a)	29,560		500,155
Communications Systems, Inc.	2,049		20,695
Computer Network Technology Corp. (a)	6,830		34,150
Comtech Telecommunications Corp. (a)	14,149		511,769
Copper Mountain Networks, Inc. (a)	1,834		1,687
CoSine Communications, Inc. (a)	1,291		3,034
Digi International, Inc. (a)	8,313		97,511
Digital Lightwave, Inc. (a)	7,892		3,867
Ditech Communications Corp. (a)	12,275		88,503
EFJ, Inc. (a)	12,549		89,098
	Shares		Value
EMS Technologies, Inc. (a)	5,416		$ 73,116
Endwave Corp. (a)	4,014		144,705
Enterasys Networks, Inc. (a)	72,437		67,366
Entrada Networks, Inc. (a)	292		18
eOn Communications Corp. (a)	3,013		4,700
Extreme Networks, Inc. (a)	45,152		206,345
Ezenia!, Inc. (a)	2,900		7,685
F5 Networks, Inc. (a)	15,313		784,179
Finisar Corp. (a)	63,389		75,433
Foundry Networks, Inc. (a)	58,598		541,446
Glenayre Technologies, Inc. (a)	20,210		64,672
Globecomm Systems, Inc. (a)	1,591		8,846
Harmonic, Inc. (a)	45,500		283,465
Harris Corp.	68,158		1,958,861
Inter-Tel, Inc.	14,007		287,564
InterDigital Communication Corp. (a)	26,716		493,177
ION Networks, Inc. (a)	12,500		1,250
ISCO International, Inc. (a)	19,929		4,982
Ixia (a)	16,955		311,802
Juniper Networks, Inc. (a)	250,135		6,413,461
Lantronix, Inc. (a)	17,964		24,611
Loral Space & Communications Ltd. (a)	11,797		2,831
Microwave Filter Co., Inc. (a)	3,836		5,217
MRV Communications, Inc. (a)	62,152		114,981
NETGEAR, Inc. (a)	9,364		184,190
Network Engines, Inc. (a)	9,093		15,458
Network Equipment Technologies, Inc. (a)	9,591		53,614
NMS Communications Corp. (a)	36,033		117,107
NumereX Corp. Class A (a)	4,959		23,853
Occam Networks, Inc. (a)	97,158		25,261
Oplink Communications, Inc. (a)	38,204		56,924
Optelecom Nkf, Inc. (a)	1,053		11,362
Optical Cable Corp. (a)	1,228		5,477
Optical Cable Corp. warrants 10/24/07 (a)	1,083		0
Optical Communication Products, Inc. (a)	7,672		13,733
P-Com, Inc. (a)	40		7
Packeteer, Inc. (a)	20,916		248,273
Paradyne Networks, Inc. (a)	15,814		31,154
Parkervision, Inc. (a)	3,649		16,421
PC-Tel, Inc. (a)	4,261		31,148
Performance Technologies, Inc. (a)	4,304		28,966
Plantronics, Inc.	22,948		789,870
Polycom, Inc. (a)	48,003		821,331
Powerwave Technologies, Inc. (a)	55,185		503,839
Proxim Corp. Class A (a)	2,997		959
Radyne Comstream Corp. (a)	3,636		31,161
Redback Networks, Inc. (a)	24,395		139,052
REMEC, Inc. (a)	17,442		109,013
SafeNet, Inc. (a)	11,901		373,929
Science Dynamics Corp. (a)	3,000		306
SCM Microsystems, Inc. (a)	4,117		12,227
SeaChange International, Inc. (a)	14,511		114,637
SiRF Technology Holdings, Inc. (a)	14,089		199,500
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Sonus Networks, Inc. (a)	118,387		$ 526,822
SpectraLink Corp.	7,222		83,197
Stratex Networks, Inc. (a)	28,330		49,578
Stratos International, Inc. (a)	2,179		9,391
Sunrise Telecom, Inc.	16,442		26,307
Sycamore Networks, Inc. (a)	88,267		298,342
Symmetricom, Inc. (a)	19,029		214,647
Tekelec (a)	27,705		377,065
Telkonet, Inc. (a)	34,540		145,068
Telular Corp. (a)	4,093		15,963
TeraForce Technology Corp. (a)	5,500		259
Terayon Communication Systems, Inc. (a)	17,767		56,321
Tollgrade Communications, Inc. (a)	3,530		26,757
Tut Systems, Inc. (a)	5,240		15,825
UTStarcom, Inc. (a)	48,272		355,282
Veramark Technologies, Inc. (a)	1,700		1,275
Verilink Corp. (a)	5,552		8,828
Verso Technologies, Inc. (a)	29,089		7,563
ViaSat, Inc. (a)	13,487		273,651
Vyyo, Inc. (a)	7,423		45,874
Wegener Corp. (a)	11,602		21,464
Westell Technologies, Inc. Class A (a)	23,209		139,022
WJ Communications, Inc. (a)	17,073		34,317
YDI Wireless, Inc. (a)	2,250		5,236
Zhone Technologies, Inc. (a)	31,159		84,441
			23,801,888
Computers & Peripherals - 1.3%
ActivCard Corp. (a)	30,377		125,153
Adaptec, Inc. (a)	48,874		194,519
Advanced Digital Information Corp. (a)	26,930		185,009
Avid Technology, Inc. (a)	17,748		1,040,743
Brocade Communications Systems, Inc. (a)	126,523		494,705
Concurrent Computer Corp. (a)	15,381		27,993
CopyTele, Inc. (a)	16,655		9,327
Cray, Inc. (a)	54,672		79,821
Crossroads Systems, Inc. (a)	3,368		3,166
Datalink Corp. (a)	2,058		5,063
Dataram Corp. (a)	3,649		21,383
Diebold, Inc.	37,308		1,867,638
Dot Hill Systems Corp. (a)	30,475		161,822
Electronics for Imaging, Inc. (a)	26,640		506,160
Emulex Corp. (a)	41,365		781,799
Exabyte Corp. (a)	8,140		2,849
FOCUS Enhancements, Inc. (a)	7,672		5,754
Hauppauge Digital, Inc. (a)	4,117		15,850
HEI, Inc. (a)	3,368		10,274
Hutchinson Technology, Inc. (a)	15,974		660,844
Hypercom Corp. (a)	33,443		212,363
iCAD, Inc. (a)	5,579		19,805
Imation Corp.	20,686		781,103
	Shares		Value
Immersion Corp. (a)	12,108		$ 70,953
InFocus Corp. (a)	16,952		70,520
Innovex, Inc. (a)	4,552		15,386
Intergraph Corp. (a)	17,605		552,621
Interphase Corp. (a)	2,203		15,531
Iomega Corp. (a)	46,398		143,370
Komag, Inc. (a)	10,983		316,860
LaserCard Corp. (a)	2,282		13,692
Maxtor Corp. (a)	144,804		794,974
McDATA Corp. Class A (a)	55,095		209,912
Mobility Electronics, Inc. (a)	8,655		76,164
MTI Technology Corp. (a)	9,637		15,805
Neoware Systems, Inc. (a)	5,768		58,372
Novatel Wireless, Inc. (a)	7,913		98,675
nStor Technologies, Inc. (a)	58,500		8,190
Overland Storage, Inc. (a)	6,049		58,615
palmOne, Inc. (a)	20,086		570,844
Pinnacle Systems, Inc. (a)	27,413		162,011
Presstek, Inc. (a)	9,169		78,303
Printronix, Inc.	1,310		20,803
Qualstar Corp. (a)	2,735		10,256
Quantum Corp. (a)	114,189		296,891
Rimage Corp. (a)	3,259		68,928
SanDisk Corp. (a)	83,629		2,181,881
SBS Technologies, Inc. (a)	5,427		52,696
Seagate Technology	109,944		2,333,012
Silicon Graphics, Inc. (a)	162,605		131,710
SimpleTech, Inc. (a)	16,223		56,781
Socket Communications, Inc. (a)	8,047		10,461
SteelCloud, Inc., (a)	4,772		11,166
Storage Technology Corp. (a)	57,361		1,851,613
Stratasys, Inc. (a)	3,681		119,117
Synaptics, Inc. (a)	12,462		239,644
Transact Technologies, Inc. (a)	2,830		27,819
UNOVA, Inc. (a)	23,727		488,302
ViewCast.com, Inc. (a)	10,386		3,843
VPGI Corp. (a)	1,500		225
Western Digital Corp. (a)	105,074		1,577,161
Zoom Technologies, Inc. (a)	5,240		13,624
			20,039,874
Electronic Equipment & Instruments - 1.8%
Advanced Photonix, Inc. Class A (a)	11,134		24,495
Aeroflex, Inc. (a)	38,419		307,352
Aetrium, Inc. (a)	100		258
Agilysys, Inc.	13,133		201,986
Allied Motion Technologies, Inc. (a)	3,555		16,993
American Technical Ceramics Corp. (a)	2,713		28,324
American Technology Corp. (a)	2,713		16,956
Amphenol Corp. Class A	45,349		1,922,344
Anixter International, Inc.	15,756		595,734
APA Enterprises, Inc. (a)	3,836		6,061
Applied Films Corp. (a)	4,696		126,322
Arrow Electronics, Inc. (a)	58,478		1,634,460
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Instruments - continued
Avnet, Inc. (a)	62,773		$ 1,313,211
AVX Corp.	24,168		287,116
Axcess, Inc. (a)	6,529		9,598
BEI Technologies, Inc.	4,023		103,431
Bell Industries, Inc. (a)	7,298		16,129
Bell Microproducts, Inc. (a)	7,111		58,310
Benchmark Electronics, Inc. (a)	20,281		642,299
Brightpoint, Inc. (a)	15,321		288,035
CalAmp Corp. (a)	5,601		36,967
Cash Technologies, Inc. (a)	2,900		2,610
CDW Corp.	33,690		1,960,084
CellStar Corp. (a)	7,347		9,551
Checkpoint Systems, Inc. (a)	15,935		280,775
Chyron Corp. (a)	7,000		2,450
Cogent, Inc.	6,958		139,577
Cognex Corp.	20,814		540,331
Coherent, Inc. (a)	18,552		609,062
Conolog Corp. (a)	170		265
CTS Corp.	13,666		145,543
CyberOptics Corp. (a)	1,204		15,483
Daktronics, Inc. (a)	7,071		164,684
DDi Corp. (a)	12,004		27,129
Digital Theater Systems, Inc. (a)	10,547		180,248
Digital Video Systems, Inc. (a)	140		553
Dionex Corp. (a)	12,188		546,632
Dolby Laboratories, Inc. Class A	15,240		303,886
Duraswitch Industries, Inc. (a)	4,023		5,978
Echelon Corp. (a)	15,261		104,843
Electro Scientific Industries, Inc. (a)	15,506		278,178
eMagin Corp. (a)	28,133		27,852
En Pointe Technologies, Inc. (a)	2,994		8,234
Excel Technology, Inc. (a)	4,513		113,051
Fargo Electronics, Inc. (a)	4,491		81,063
FARO Technologies, Inc. (a)	4,015		111,697
FLIR Systems, Inc. (a)	35,020		938,536
Frequency Electronics, Inc.	1,170		13,689
Gerber Scientific, Inc. (a)	5,960		43,985
Giga-Tronics, Inc. (a)	4,585		18,569
Global Imaging Systems, Inc. (a)	10,618		337,546
GTSI Corp. (a)	3,743		30,618
I. D. Systems Inc. (a)	2,045		30,593
Identix, Inc. (a)	53,889		295,851
Ingram Micro, Inc. Class A (a)	65,415		1,034,211
Intelli-Check, Inc. (a)	1,429		7,874
Interlink Electronics, Inc. (a)	2,903		15,502
International DisplayWorks, Inc. (a)	11,072		93,891
Iteris, Inc. (a)	4,304		11,320
Itron, Inc. (a)	11,304		464,707
Jaco Electronics, Inc. (a)	3,836		12,045
Keithley Instruments, Inc.	4,405		64,886
KEMET Corp. (a)	50,913		356,391
	Shares		Value
Landauer, Inc.	6,794		$ 331,887
LeCroy Corp. (a)	3,181		52,359
Lexar Media, Inc. (a)	40,833		204,982
LightPath Technologies, Inc. Class A (a)	1,150		2,990
Littelfuse, Inc. (a)	11,004		331,000
LoJack Corp. (a)	6,991		103,047
Lowrance Electronics, Inc.	5,300		109,975
M-Flex Electronix, Inc.	6,965		113,669
Manchester Technologies, Inc. (a)	1,778		11,148
Maxwell Technologies, Inc. (a)	3,836		39,434
MDI, Inc. (a)	7,859		4,008
Measurement Specialties, Inc. (a)	7,492		145,345
Mechanical Technology, Inc. (a)	9,637		34,404
Merix Corp. (a)	4,257		30,863
Methode Electronics, Inc. Class A	13,856		165,441
Metrologic Instruments, Inc. (a)	6,046		83,798
Micronetics, Inc. (a)	3,743		30,693
MSGI Security Solutions, Inc. (a)	58		421
MTS Systems Corp.	12,034		384,005
National Instruments Corp.	24,405		567,416
Newport Corp. (a)	24,770		348,019
NU Horizons Electronics Corp. (a)	3,462		20,357
OSI Systems, Inc. (a)	6,635		98,862
OYO Geospace Corp. (a)	1,267		20,731
Park Electrochemical Corp.	6,884		159,709
Parlex Corp. (a)	2,058		12,142
Paxar Corp. (a)	15,371		270,837
PC Connection, Inc. (a)	6,035		30,839
Pemstar, Inc. (a)	10,011		11,813
Perceptron, Inc. (a)	2,600		16,978
PFSweb, Inc. (a)	9,080		18,886
Photon Dynamics, Inc. (a)	10,818		208,896
Planar Systems, Inc. (a)	3,555		28,582
Plexus Corp. (a)	24,216		332,970
RadiSys Corp. (a)	13,283		214,786
Research Frontiers, Inc. (a)	3,836		16,725
RF Industries Ltd. (a)	2,339		14,245
RF Monolithics, Inc. (a)	3,462		21,811
Richardson Electronics Ltd.	4,959		44,135
Rofin-Sinar Technologies, Inc. (a)	6,310		203,813
Rogers Corp. (a)	8,834		365,639
Satcon Technology Corp. (a)	5,988		8,204
ScanSource, Inc. (a)	6,683		328,068
Sigmatron International, Inc. (a)	762		8,115
Sirenza Microdevices, Inc. (a)	8,140		26,211
Somera Communications, Inc. (a)	13,567		18,858
Spatializer Audio Labs, Inc. (a)	12,700		762
Spectrum Control, Inc. (a)	4,200		29,736
Staktek Holdings, Inc. (a)	7,258		19,887
StockerYale, Inc. (a)	2,400		1,776
Suntron Corp. (a)	13,394		17,546
Superconductor Technologies, Inc. (a)	18,291		14,267
SYNNEX Corp. (a)	5,731		90,664
Taser International, Inc. (a)	25,462		288,739
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Instruments - continued
Tech Data Corp. (a)	30,468		$ 1,093,801
Technitrol, Inc.	22,567		296,305
Trimble Navigation Ltd. (a)	24,693		980,559
TTM Technologies, Inc. (a)	13,662		108,476
Universal Display Corp. (a)	12,461		117,133
Viisage Technology, Inc. (a)	9,731		41,649
Vishay Intertechnology, Inc. (a)	79,717		1,028,349
Woodhead Industries, Inc.	3,396		43,571
X-Rite, Inc.	5,047		55,820
Zomax, Inc. (a)	12,351		33,965
Zones, Inc. (a)	3,275		12,118
Zygo Corp. (a)	5,333		51,623
			26,990,216
Internet Software & Services - 2.4%
24/7 Real Media, Inc. (a)	16,663		50,656
Akamai Technologies, Inc. (a)	57,202		803,116
America Online Latin America, Inc. Class A (a)	43,709		3,497
Apropos Technology, Inc. (a)	3,518		9,041
aQuantive, Inc. (a)	35,806		551,054
Ariba, Inc. (a)	30,899		189,411
Art Technology Group, Inc. (a)	31,355		33,863
Ask Jeeves, Inc. (a)	27,216		827,639
Autobytel, Inc. (a)	12,311		59,831
Bankrate, Inc. (a)	3,181		58,117
Blue Coat Systems, Inc. (a)	3,144		61,025
BroadVision, Inc. (a)	7,431		10,403
Calico Commerce, Inc. (a)	2,388		0
Centra Software, Inc. (a)	7,775		13,373
Chordiant Software, Inc. (a)	17,313		29,605
Click Commerce, Inc. (a)	880		20,082
CMGI, Inc. (a)	277,855		605,724
CNET Networks, Inc. (a)	67,655		702,259
Communication Intelligence Corp. (a)	7,900		2,370
Corillian Corp. (a)	12,538		40,310
Critical Path, Inc. (a)	3,807		1,789
CyberSource Corp. (a)	17,560		117,828
deltathree, Inc. (a)	4,398		17,812
Digital Insight Corp. (a)	18,919		411,299
Digital River, Inc. (a)	15,305		421,194
Digitas, Inc. (a)	39,263		434,641
DoubleClick, Inc. (a)	62,971		518,251
DSL.net, Inc. (a)	12,818		1,282
Dynabazaar, Inc. (a)	5,600		1,686
EarthLink, Inc. (a)	71,682		760,546
EasyLink Services Corp. Class A (a)	9,785		9,589
eCollege.com (a)	6,096		62,972
EDGAR Online, Inc. (a)	3,836		11,086
eGain Communications Corp. (a)	1,156		740
Elcom International, Inc. (a)	6,500		455
Entrust, Inc. (a)	15,165		62,025
	Shares		Value
Equinix, Inc. (a)	8,995		$ 342,710
FindWhat.com (a)	10,274		54,658
Firstwave Technologies, Inc. (a)	1,123		1,909
GlowPoint, Inc. (a)	7,746		10,302
Google, Inc. Class A (sub. vtg.)	57,843		16,103,491
GoRemote Internet Communications, Inc. (a)	9,774		15,247
Greenfield Online, Inc.	7,300		99,280
High Speed Access Corp. (a)	17,600		0
Homestore, Inc. (a)	107,653		224,995
Hyperfeed Technologies, Inc. (a)	702		1,299
I-Many, Inc. (a)	9,263		14,636
iBasis, Inc. (a)	9,824		22,595
iMergent, Inc. (a)	3,575		37,895
InfoSpace, Inc. (a)	13,841		469,487
Innodata Isogen, Inc. (a)	7,485		22,380
InsWeb Corp. (a)	283		792
InteliData Technologies Corp. (a)	12,461		4,237
Interland, Inc. (a)	4,656		8,846
Internap Network Services Corp. (a)	72,216		33,219
Internet America, Inc. (a)	6,082		5,656
Internet Capital Group, Inc. (a)	15,063		87,365
Internet Commerce Corp. Class A (a)	3,400		5,508
Interwoven, Inc. (a)	29,600		235,616
Intraware, Inc. (a)	18,917		7,378
iPass, Inc. (a)	28,602		176,474
IPIX Corp. (a)	5,133		13,705
iVillage, Inc. (a)	27,650		166,730
j2 Global Communications, Inc. (a)	10,397		364,727
Jupiter Media Metrix, Inc. (a)	14,700		0
Jupitermedia Corp. (a)	5,988		109,281
Kana Software, Inc. (a)	4,505		8,560
Keynote Systems, Inc. (a)	6,393		74,159
Kintera, Inc. (a)	6,752		20,864
LivePerson, Inc. (a)	14,420		34,608
LookSmart Ltd. (a)	25,824		19,368
Loudeye Corp. (a)	9,731		8,758
LQ Corp., Inc. (a)	1,092		1,813
Marchex, Inc. Class B	7,986		119,151
MatrixOne, Inc. (a)	16,348		74,710
NaviSite, Inc. (a)	8,077		12,439
Neoforma, Inc. (a)	4,996		34,223
Neomedia Technologies, Inc. (a)	5,500		3,185
Net2Phone, Inc. (a)	18,989		30,382
NetRatings, Inc. (a)	5,877		80,045
NIC, Inc. (a)	14,170		62,206
Niku Corp. (a)	10,471		157,484
On2.Com, Inc. (a)	12,070		7,001
Online Resources & Comms Corp. (a)	15,282		148,847
Onstream Media Corp. (a)	1,100		1,375
Onvia.com, Inc. (a)	1,133		5,166
Openwave Systems, Inc. (a)	34,863		542,120
Optio Software, Inc. (a)	3,200		4,192
PEC Solutions, Inc. (a)	6,935		107,562
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Plumtree Software, Inc. (a)	6,082		$ 27,977
Prescient Applied Intel, Inc. (a)	150		63
Private Business, Inc. (a)	2,038		3,302
Raindance Communications, Inc. (a)	10,947		22,441
RealNetworks, Inc. (a)	58,843		300,688
Register.com, Inc. (a)	14,915		93,219
S1 Corp. (a)	35,549		159,260
Saba Software, Inc. (a)	1,965		7,978
Salon Media Group, Inc. (a)	4,600		920
SAVVIS Communications Corp. (a)	27,674		18,818
SeeBeyond Technology Corp. (a)	36,509		108,797
Selectica, Inc. (a)	7,017		22,244
SmartServ Online, Inc. (a)	283		249
SonicWALL, Inc. (a)	25,492		157,541
Stellent, Inc. (a)	7,152		54,141
Supportsoft, Inc. (a)	17,744		91,914
Synergy Brands, Inc. (a)	515		1,123
Terremark Worldwide, Inc. (a)	17,735		122,017
The Knot, Inc. (a)	4,092		26,189
The Sedona Corp. (a)	8,300		1,494
TheStreet.com, Inc. (a)	5,520		17,112
Track Data Corp.	2,002		4,404
Travelzoo, Inc. (a)	1,369		45,054
Tucows, Inc. (a)	6,900		6,003
Tumbleweed Communications Corp. (a)	13,941		30,670
United Online, Inc.	38,002		491,746
US Dataworks, Inc. (a)	4,512		2,843
ValueClick, Inc. (a)	40,387		432,949
VCampus Corp. (a)	380		380
VeriSign, Inc. (a)	133,302		4,312,320
Via Net.Works, Inc. (a)	20,595		2,060
Vignette Corp. (a)	115,667		134,174
Vitria Technology, Inc. (a)	7,321		23,427
Webb Interactive Services, Inc. (a)	4,865		535
WebEx Communications, Inc. (a)	17,515		470,453
webMethods, Inc. (a)	32,537		163,661
Websense, Inc. (a)	11,130		597,792
WorldGate Communications, Inc. (a)	10,573		53,510
Zix Corp. (a)	12,791		42,082
			35,154,757
IT Services - 1.8%
Acxiom Corp.	42,537		784,808
Affinity Technology Group, Inc. (a)	12,100		1,029
Alliance Data Systems Corp. (a)	22,919		864,505
Analysts International Corp. (a)	9,684		31,860
Answerthink, Inc. (a)	11,611		45,980
Anteon International Corp. (a)	15,340		677,875
Applied Digital Solutions, Inc. (a)	41,642		159,072
BearingPoint, Inc. (a)	75,996		497,774
BrightStar Information Technology Group, Inc. (a)	4,500		45
	Shares		Value
CACI International, Inc. Class A (a)	14,666		$ 945,370
Carreker Corp. (a)	6,269		32,912
Ceridian Corp. (a)	74,943		1,429,163
Certegy, Inc.	30,447		1,143,285
CheckFree Corp. (a)	35,034		1,307,819
Ciber, Inc. (a)	29,128		237,393
Cognizant Technology Solutions Corp. Class A (a)	66,872		3,209,856
Competitive Technologies, Inc. (a)	3,836		41,966
Computer Horizons Corp. (a)	7,299		21,167
Computer Task Group, Inc. (a)	11,529		40,352
Covansys Corp. (a)	8,731		106,955
CSG Systems International, Inc. (a)	30,734		584,561
CSP, Inc. (a)	3,555		34,875
Direct Insite Corp. (a)	53		42
DST Systems, Inc. (a)	33,500		1,620,060
DynTek, Inc. Class A (a)	8,047		3,219
Edgewater Technology, Inc. (a)	4,972		21,628
eFunds Corp. (a)	23,289		470,904
Electronic Clearing House, Inc. (a)	3,439		30,745
eLoyalty Corp. (a)	4,341		21,488
Enherent Corp. (a)	8,200		902
ePresence, Inc. (a)	5,520		0
Euronet Worldwide, Inc. (a)	13,513		378,905
Forrester Research, Inc. (a)	8,617		142,181
Gartner, Inc. Class A (a)	21,546		213,736
Global Payments, Inc.	19,514		1,352,320
Hewitt Associates, Inc. Class A (a)	22,636		576,086
iGate Corp. (a)	13,687		59,812
Indus International, Inc. (a)	18,393		41,384
Infocrossing, Inc. (a)	13,968		153,089
Inforte Corp.	1,679		5,759
infoUSA, Inc.	16,450		198,716
Integral Systems, Inc.	2,620		56,985
Intrado, Inc. (a)	4,678		59,832
iPayment, Inc. (a)	6,228		237,536
Iron Mountain, Inc. (a)	54,164		1,554,507
Kanbay International, Inc.	10,793		224,063
Keane, Inc. (a)	22,570		302,889
Lightbridge, Inc. (a)	5,332		33,485
Lionbridge Technologies, Inc. (a)	12,961		64,546
ManTech International Corp. Class A (a)	9,479		272,332
Maximus, Inc.	10,408		356,890
MPS Group, Inc. (a)	47,768		448,064
MTM Technologies, Inc. (a)	1,200		4,764
New Century Equity Holdings Corp. (a)	5,500		1,183
Pegasus Solutions, Inc. (a)	20,422		219,741
Perot Systems Corp. Class A (a)	37,410		483,337
Rainmaker Systems, Inc. (a)	32,402		13,285
RightNow Technologies, Inc.	276		2,578
Safeguard Scientifics, Inc. (a)	34,401		34,057
Sapient Corp. (a)	43,233		363,157
SI International, Inc. (a)	5,805		164,572
SM&A (a)	4,117		36,065
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
SRA International, Inc. Class A (a)	15,832		$ 537,496
StarTek, Inc.	4,563		63,654
Storage Engine, Inc. (a)	500		1
Sykes Enterprises, Inc. (a)	10,853		89,863
Syntel, Inc.	3,572		55,938
TALX Corp.	13,564		378,707
Technology Solutions Co. (a)	9,594		4,989
TechTeam Global, Inc. (a)	6,114		85,596
The BISYS Group, Inc. (a)	57,460		876,265
The Management Network Group, Inc. (a)	14,649		34,425
theglobe.com, Inc. (a)	7,111		818
Tier Technologies, Inc. Class B (a)	4,678		41,354
Titan Corp. (a)	40,677		894,894
TNS, Inc. (a)	7,353		160,884
Total System Services, Inc.	17,827		434,087
TSR, Inc.	4,079		23,878
Tyler Technologies, Inc. (a)	11,474		74,696
VeriFone Holdings, Inc.	17,568		227,506
WidePoint Corp. (a)	5,600		4,480
Wright Express Corp.	21,656		346,713
Zanett, Inc. (a)	5,579		17,909
			26,777,619
Office Electronics - 0.1%
Zebra Technologies Corp. Class A (a)	37,482		1,599,732
Semiconductors & Semiconductor Equipment - 2.4%
8X8, Inc. (a)	9,978		19,258
Actel Corp. (a)	16,843		249,108
ADE Corp. (a)	4,152		93,129
Advanced Energy Industries, Inc. (a)	9,888		94,332
Advanced Power Technology, Inc. (a)	3,930		25,349
Agere Systems, Inc. (a)	82,249		1,118,586
Alliance Semiconductor Corp. (a)	9,169		15,404
AMIS Holdings, Inc. (a)	22,175		266,100
Amkor Technology, Inc. (a)	59,715		211,988
Amtech Systems, Inc. (a)	4,491		26,901
ANADIGICS, Inc. (a)	7,298		11,969
Asyst Technologies, Inc. (a)	15,207		64,021
Atheros Communications, Inc. (a)	8,863		81,894
Atmel Corp. (a)	252,756		758,268
ATMI, Inc. (a)	15,083		423,832
August Technology Corp. (a)	4,304		48,936
Axcelis Technologies, Inc. (a)	46,909		311,945
AXT, Inc. (a)	6,269		7,899
Brooks Automation, Inc. (a)	25,190		379,865
Cabot Microelectronics Corp. (a)	11,422		357,851
California Micro Devices Corp. (a)	4,585		22,008
Catalyst Semiconductor, Inc. (a)	7,298		33,133
Celeritek, Inc.	4,865		3,989
Ceva, Inc. (a)	6,171		44,925
Cirrus Logic, Inc. (a)	33,229		172,126
	Shares		Value
Cohu, Inc.	8,486		$ 163,101
Conexant Systems, Inc. (a)	295,307		422,289
Credence Systems Corp. (a)	43,614		345,423
Cree, Inc. (a)	38,302		1,150,592
Cymer, Inc. (a)	17,314		491,891
Cypress Semiconductor Corp. (a)	62,215		804,440
Diodes, Inc. (a)	3,747		124,588
DPAC Technologies Corp. (a)	7,111		1,920
DSP Group, Inc. (a)	12,500		294,000
Electroglas, Inc. (a)	6,456		22,273
EMCORE Corp. (a)	9,356		37,143
Entegris, Inc. (a)	21,066		204,340
ESS Technology, Inc. (a)	12,644		52,093
Exar Corp. (a)	26,161		376,718
Fairchild Semiconductor International, Inc. (a)	57,792		826,426
FEI Co. (a)	9,735		202,683
FormFactor, Inc. (a)	19,439		505,803
FSI International, Inc. (a)	7,956		29,915
Genesis Microchip, Inc. (a)	18,331		303,378
Helix Technology Corp.	9,423		118,824
Hi/fn, Inc. (a)	3,346		22,217
Hytek Microsystems, Inc. (a)	4,300		8,385
Ibis Technology Corp. (a)	5,001		6,301
Integrated Circuit Systems, Inc. (a)	41,326		875,698
Integrated Device Technology, Inc. (a)	48,046		587,603
Integrated Silicon Solution, Inc. (a)	13,777		90,239
International Rectifier Corp. (a)	33,521		1,601,633
Intersil Corp. Class A	78,973		1,481,533
Intevac, Inc. (a)	4,350		45,284
IXYS Corp. (a)	8,168		112,963
JMAR Technologies, Inc. (a)	5,707		7,191
Kopin Corp. (a)	28,979		111,569
Kulicke & Soffa Industries, Inc. (a)	33,480		194,519
Lam Research Corp. (a)	69,060		2,118,761
Lattice Semiconductor Corp. (a)	62,973		265,746
Leadis Technology, Inc.	8,107		55,533
Logic Devices, Inc. (a)	8,982		11,317
LogicVision, Inc. (a)	5,047		9,085
LTX Corp. (a)	39,917		191,202
Mattson Technology, Inc. (a)	19,712		154,148
MEMC Electronic Materials, Inc. (a)	75,573		1,035,350
Micrel, Inc. (a)	31,567		366,177
Micro Component Technology, Inc. (a)	6,643		1,329
Micro Linear Corp. (a)	7,672		44,881
Microchip Technology, Inc.	105,383		3,123,552
Microsemi Corp. (a)	28,939		597,012
Mindspeed Technologies, Inc. (a)	34,630		49,521
MIPS Technologies, Inc. (a)	19,049		164,202
MKS Instruments, Inc. (a)	17,323		289,294
Monolithic System Technology, Inc. (a)	8,011		44,621
Mykrolis Corp. (a)	25,832		348,474
Nanometrics, Inc. (a)	3,555		40,100
NeoMagic Corp. (a)	12,538		4,639
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Netlogic Microsystems, Inc.	8,669		$ 116,945
NVE Corp. (a)	1,357		27,099
Omnivision Technologies, Inc. (a)	27,745		438,926
ON Semiconductor Corp. (a)	48,498		218,241
PDF Solutions, Inc. (a)	5,506		64,640
Pericom Semiconductor Corp. (a)	12,297		98,499
Photronics, Inc. (a)	18,121		417,327
Pixelworks, Inc. (a)	25,246		216,358
PLX Technology, Inc. (a)	7,859		59,886
PortalPlayer, Inc.	4,893		99,475
Power Integrations, Inc. (a)	18,379		437,788
QuickLogic Corp. (a)	5,545		24,232
Rambus, Inc. (a)	45,529		697,960
Ramtron International Corp. (a)	4,828		13,180
RF Micro Devices, Inc. (a)	81,528		379,105
Rudolph Technologies, Inc. (a)	5,062		72,994
Semitool, Inc. (a)	27,663		242,605
Semtech Corp. (a)	42,213		769,965
Sigma Designs, Inc. (a)	21,853		172,639
SigmaTel, Inc. (a)	11,892		269,235
Silicon Image, Inc. (a)	37,516		440,438
Silicon Laboratories, Inc. (a)	23,103		640,646
Silicon Storage Technology, Inc. (a)	30,901		106,299
Sipex Corp. (a)	7,298		12,042
Skyworks Solutions, Inc. (a)	73,274		463,824
SRS Labs, Inc. (a)	2,620		14,696
Standard Microsystems Corp. (a)	6,545		106,422
Supertex, Inc. (a)	3,555		61,821
Tegal Corp. (a)	10,666		11,306
Tessera Technologies, Inc. (a)	12,389		364,732
Therma-Wave, Inc. (a)	6,802		10,611
Three-Five Systems, Inc. (a)	5,269		3,530
Transmeta Corp. (a)	70,922		57,447
Transwitch Corp. (a)	22,128		43,592
Trident Microsystems, Inc. (a)	11,447		242,447
Tripath Technology, Inc. (a)	12,885		10,050
TriQuint Semiconductor, Inc. (a)	87,741		297,442
Ultratech, Inc. (a)	14,773		258,971
Varian Semiconductor Equipment Associates, Inc. (a)	21,080		855,426
Veeco Instruments, Inc. (a)	16,440		247,751
Virage Logic Corp. (a)	6,362		70,236
Vitesse Semiconductor Corp. (a)	121,183		302,958
Volterra Semiconductor Corp.	14,179		193,685
White Electronic Designs Corp. (a)	5,571		27,799
Zilog, Inc. (a)	8,368		33,054
Zoran Corp. (a)	17,814		219,825
			35,314,884
Software - 2.6%
Activision, Inc. (a)	90,812		1,431,197
Actuate Corp. (a)	13,006		27,833
	Shares		Value
Adept Technology, Inc. (a)	1,291		$ 10,393
Advent Software, Inc. (a)	17,829		357,650
Agile Software Corp. (a)	31,777		204,962
Altiris, Inc. (a)	10,171		191,215
American Software, Inc. Class A	5,825		30,057
Analytical Surveys, Inc. (a)	240		386
Ansoft Corp. (a)	4,117		91,809
Ansys, Inc. (a)	14,927		497,666
Applix, Inc. (a)	3,275		15,786
ARI Network Services, Inc. (a)	2,620		7,205
Artisoft, Inc. (a)	1,066		1,759
Aspect Communications Corp. (a)	16,847		161,731
Aspen Technology, Inc. (a)	17,144		89,835
Atari, Inc. (a)	40,661		100,433
Authentidate Holding Corp. (a)	8,307		24,423
Avatech Solutions, Inc. (a)	735		382
Axeda Systems, Inc. (a)	3,555		1,102
AXS-One, Inc. (a)	5,614		9,432
BEA Systems, Inc. (a)	196,122		1,653,308
BindView Development Corp. (a)	17,684		55,174
Bitstream, Inc. Class A (a)	3,682		10,162
Blackbaud, Inc.	11,677		160,676
Blackboard, Inc.	13,362		263,365
Borland Software Corp. (a)	51,221		327,814
Bottomline Technologies, Inc. (a)	7,799		105,910
BSQUARE Corp. (a)	11,321		5,661
Cadence Design Systems, Inc. (a)	137,172		1,916,293
CAM Commerce Solutions, Inc. (a)	1,965		30,929
Captaris, Inc. (a)	10,666		38,611
Captiva Software Corp. (a)	2,433		32,651
Catapult Communications Corp. (a)	3,462		48,710
CCC Information Services Group, Inc. (a)	5,308		124,101
Concord Communications, Inc. (a)	11,397		192,837
Concur Technologies, Inc. (a)	8,963		85,955
Convera Corp. Class A (a)	8,548		36,842
Datastream Systems, Inc. (a)	4,006		23,756
Datawatch Corp. (a)	3,120		13,104
Digimarc Corp. (a)	4,491		22,904
DocuCorp International, Inc. (a)	5,314		35,604
Dynamics Research Corp. (a)	2,901		43,196
E.piphany, Inc. (a)	57,693		201,349
ebix.com, Inc. (a)	421		5,481
Embarcadero Technologies, Inc. (a)	7,901		45,115
eMerge Interactive, Inc. Class A (a)	4,201		2,101
Epicor Software Corp. (a)	16,904		208,426
EPIQ Systems, Inc. (a)	7,558		123,573
ePlus, Inc. (a)	3,612		44,792
Evans & Sutherland Computer Corp. (a)	4,929		24,744
Evolving Systems, Inc. (a)	3,885		10,295
Extended Systems, Inc. (a)	5,520		18,823
FactSet Research Systems, Inc.	18,896		604,861
Fair, Isaac & Co., Inc.	34,765		1,190,701
FalconStor Software, Inc. (a)	11,290		82,530
FileNET Corp. (a)	21,372		595,424
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
Forgent Networks, Inc. (a)	9,544		$ 17,179
Gensym Corp. (a)	4,023		15,690
GraphOn Corp. (a)	7,300		2,555
Guardian Technologies International (a)	560		1,159
Hyperion Solutions Corp. (a)	20,202		891,514
Informatica Corp. (a)	45,276		388,468
Intellisync Corp. (a)	36,225		96,721
Interactive Intelligence, Inc. (a)	2,713		13,239
Internet Security Systems, Inc. (a)	21,102		468,464
InterVideo, Inc.	4,632		70,314
Intervoice, Inc. (a)	14,415		129,158
Intrusion, Inc. (a)	1,567		4,419
Island Pacific, Inc. (a)	6,262		1,127
Jack Henry & Associates, Inc.	36,233		640,962
JAMDAT Mobile, Inc.	9,327		263,115
JDA Software Group, Inc. (a)	18,714		241,785
Kronos, Inc. (a)	17,060		770,430
Lawson Software, Inc. (a)	37,697		223,166
Level 8 Systems, Inc. (a)	8,282		480
Logility, Inc. (a)	7,206		32,427
Macromedia, Inc. (a)	37,291		1,649,008
Macrovision Corp. (a)	22,044		463,144
Magma Design Automation, Inc. (a)	9,450		75,317
Majesco Entertainment Co. (a)	18,551		162,692
Manhattan Associates, Inc. (a)	12,190		258,916
Manugistics Group, Inc. (a)	22,995		41,391
MapInfo Corp. (a)	18,383		229,052
McAfee, Inc. (a)	78,899		2,262,823
Mentor Graphics Corp. (a)	37,683		387,381
MetaSolv, Inc. (a)	10,105		20,917
Micromuse, Inc. (a)	56,069		352,113
MICROS Systems, Inc. (a)	19,246		865,685
MicroStrategy, Inc. Class A (a)	6,010		334,757
Midway Games, Inc. (a)	19,693		174,283
Mobius Management Systems, Inc. (a)	6,867		42,369
Moldflow Corp. (a)	3,930		51,876
Motive, Inc.	11,600		100,804
MRO Software, Inc. (a)	9,923		148,845
Napster, Inc. (a)	25,066		106,280
NAVTEQ Corp.	43,869		1,673,602
NEON Systems, Inc. (a)	1,123		3,481
Netguru, Inc. (a)	1,800		1,854
NetIQ Corp. (a)	24,285		268,106
NetManage, Inc. (a)	1,259		7,995
NetScout Systems, Inc. (a)	9,644		59,407
Netsmart Technologies, Inc. (a)	3,644		33,525
NetSol Technologies, Inc. (a)	880		1,760
Nuance Communications, Inc. (a)	8,715		41,048
NYFIX, Inc. (a)	11,873		59,959
Omtool Ltd. (a)	200		1,170
ONYX Software Corp. (a)	982		3,290
	Shares		Value
Open Solutions, Inc. (a)	7,145		$ 126,824
OpenTV Corp. Class A (a)	89,696		250,252
Opnet Technologies, Inc. (a)	6,308		51,032
Opsware, Inc. (a)	55,228		274,483
PalmSource, Inc. (a)	2,695		27,031
PASW, Inc. (a)	3,300		363
Peerless Systems Corp. (a)	6,456		23,371
Pegasystems, Inc. (a)	8,702		51,951
Pervasive Software, Inc. (a)	3,743		17,330
Phoenix Technologies Ltd. (a)	6,540		53,105
Plato Learning, Inc. (a)	5,621		42,944
Portal Software, Inc. (a)	12,774		25,165
Progress Software Corp. (a)	18,406		536,903
QAD, Inc.	13,833		97,108
Quality Systems, Inc.	5,738		345,026
Quest Software, Inc. (a)	25,575		338,229
Quovadx, Inc. (a)	11,829		32,175
Radiant Systems, Inc. (a)	6,737		70,469
Red Hat, Inc. (a)	89,797		1,135,034
Renaissance Learning, Inc.	1,747		34,538
Reynolds & Reynolds Co. Class A	30,442		830,762
RSA Security, Inc. (a)	30,877		379,787
SAFLINK Corp. (a)	59,330		128,153
Salesforce.com, Inc.	32,189		651,505
ScanSoft, Inc. (a)	35,410		143,765
Scientific Learning Corp. (a)	3,264		19,486
SCO Group, Inc. (a)	3,511		14,536
Secure Computing Corp. (a)	20,864		234,094
Segue Software, Inc. (a)	2,713		13,565
SERENA Software, Inc. (a)	17,016		333,003
Smith Micro Software, Inc. (a)	6,638		28,676
Sonic Foundry, Inc. (a)	10,711		13,710
Sonic Solutions, Inc. (a)	12,392		189,350
Splinex Technology, Inc. (a)	1,544		0
SPSS, Inc. (a)	15,151		264,839
SS&C Technologies, Inc.	6,678		199,672
SSA Global Technologies, Inc.	635		6,985
StorageNetworks, Inc. (a)	29,377		0
SumTotal Systems, Inc. (a)	15,011		62,896
Sybase, Inc. (a)	45,406		926,282
Synopsys, Inc. (a)	77,379		1,398,239
Synplicity, Inc. (a)	6,924		42,236
Take-Two Interactive Software, Inc. (a)	31,333		807,138
TeleCommunication Systems, Inc. Class A (a)	3,743		9,620
TenFold Corp. (a)	6,737		2,695
THQ, Inc. (a)	21,975		612,883
TIBCO Software, Inc. (a)	80,104		507,859
Transaction Systems Architects, Inc. Class A (a)	19,517		444,597
Ulticom, Inc. (a)	5,893		54,216
Ultimate Software Group, Inc. (a)	11,363		180,899
VA Software Corp. (a)	13,984		23,633
Vasco Data Security International, Inc. (a)	5,790		57,611
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
Verint Systems, Inc. (a)	6,268		$ 219,380
Verity, Inc. (a)	22,745		194,015
Versant Corp. (a)	3,088		1,266
Versata, Inc. (a)	616		524
VerticalNet, Inc. (a)	4,472		3,086
Viewpoint Corp. (a)	6,830		9,904
Visual Networks, Inc. (a)	9,356		12,069
Voxware, Inc. (a)	6,500		306
WatchGuard Technologies, Inc. (a)	7,672		27,849
Wave Systems Corp. Class A (a)	14,715		12,802
Wind River Systems, Inc. (a)	43,049		705,573
Witness Systems, Inc. (a)	7,796		135,494
			39,234,549
TOTAL INFORMATION TECHNOLOGY			208,913,519
MATERIALS - 3.5%
Chemicals - 1.5%
A. Schulman, Inc.	18,560		303,642
Airgas, Inc.	33,657		807,768
Albemarle Corp.	19,042		724,358
Altair Nanotechnologies, Inc. (a)	15,064		44,439
American Pacific Corp. (a)	6,762		54,772
American Vanguard Corp.	7,670		137,293
Arch Chemicals, Inc.	14,064		331,488
Balchem Corp.	6,664		184,593
Cabot Corp.	32,162		932,698
Calgon Carbon Corp.	19,943		177,692
Cambrex Corp.	17,248		312,189
Celanese Corp. Class A	24,178		374,275
Crompton Corp.	57,209		878,158
Cytec Industries, Inc.	16,592		691,223
Eden Bioscience Corp. (a)	11,228		6,737
Ferro Corp.	26,096		502,087
FMC Corp. (a)	15,843		878,494
Georgia Gulf Corp.	15,230		484,009
H.B. Fuller Co.	18,199		589,648
Hawkins, Inc.	5,284		64,993
Huntsman Corp.	29,000		558,250
Kronos Worldwide, Inc.	4,133		130,603
Landec Corp. (a)	4,226		25,314
LESCO, Inc. (a)	4,008		54,108
LSB Industries, Inc. (a)	3,264		20,726
Lubrizol Corp.	32,782		1,290,627
Lyondell Chemical Co.	101,967		2,420,697
MacDermid, Inc.	13,898		404,571
Material Sciences Corp. (a)	5,053		61,647
Minerals Technologies, Inc.	11,385		766,211
Mosaic Co. (a)	64,547		844,275
Nalco Holding Co.	26,520		469,934
Nanophase Technologies Corp. (a)	5,146		33,552
	Shares		Value
NewMarket Corp. (a)	4,749		$ 64,539
NL Industries, Inc.	2,181		33,151
Olin Corp.	36,013		675,964
OM Group, Inc. (a)	15,898		400,630
OMNOVA Solutions, Inc. (a)	18,956		76,961
Penford Corp.	1,403		21,732
Pioneer Companies, Inc. (a)	7,295		154,435
PolyOne Corp. (a)	46,301		311,143
Quaker Chemical Corp.	4,322		76,499
RPM International, Inc.	60,092		1,057,619
Sensient Technologies Corp.	26,401		537,260
Spartech Corp.	16,265		329,041
Stepan Co.	3,010		63,842
Symyx Technologies, Inc. (a)	15,834		403,450
Terra Industries, Inc. (a)	38,571		244,926
The Scotts Co. Class A (a)	11,255		798,767
Valhi, Inc.	8,061		149,451
Valspar Corp.	24,605		1,166,277
W.R. Grace & Co. (a)	22,167		228,763
Wellman, Inc.	18,990		213,448
Westlake Chemical Corp.	6,116		146,662
Zoltek Companies, Inc. (a)	2,526		25,159
			22,740,790
Construction Materials - 0.4%
Eagle Materials, Inc.	9,154		802,531
Florida Rock Industries, Inc.	18,994		1,243,157
Headwaters, Inc. (a)	21,425		708,739
Lafarge North America, Inc.	14,893		899,090
Martin Marietta Materials, Inc.	24,251		1,480,524
Texas Industries, Inc.	11,626		535,029
U.S. Concrete, Inc. (a)	11,868		72,632
			5,741,702
Containers & Packaging - 0.6%
AEP Industries, Inc. (a)	1,858		32,013
Anchor Glass Container Corp.	4,443		7,642
Aptargroup, Inc.	17,722		886,100
Caraustar Industries, Inc. (a)	11,241		118,031
Chesapeake Corp.	8,263		172,449
Constar International, Inc. (a)	2,862		9,158
Crown Holdings, Inc. (a)	83,762		1,247,216
Graphic Packaging Corp. (a)	49,076		184,035
Greif Brothers Corp. Class A	7,628		554,403
Longview Fibre Co.	27,165		542,485
MOD-PAC Corp. (sub. vtg.) (a)	1,684		26,858
Myers Industries, Inc.	8,728		97,317
Owens-Illinois, Inc. (a)	71,388		1,835,385
Packaging Corp. of America	28,519		622,855
Packaging Dynamics Corp.	5,375		75,788
Rock-Tenn Co. Class A	12,646		145,555
Silgan Holdings, Inc.	5,378		306,546
Smurfit-Stone Container Corp. (a)	124,346		1,351,641
Sonoco Products Co.	51,888		1,381,777
			9,597,254
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - 0.8%
A.M. Castle & Co. (a)	5,414		$ 75,742
AK Steel Holding Corp. (a)	49,183		376,250
Aleris International, Inc. (a)	17,516		417,231
Amcol International Corp.	14,746		286,072
Brush Engineered Materials, Inc. (a)	8,109		114,986
Canyon Resources Corp. (a)	8,249		6,022
Carpenter Technology Corp.	11,217		605,718
Century Aluminum Co. (a)	11,816		264,797
Cleveland-Cliffs, Inc.	11,065		648,741
Coeur d'Alene Mines Corp. (a)	117,743		392,084
Commercial Metals Co.	30,380		794,741
Compass Minerals International, Inc.	12,849		289,488
Gibraltar Industries, Inc.	16,064		314,212
Glamis Gold Ltd. (a)	64,451		910,899
Hecla Mining Co. (a)	71,181		318,891
Meridian Gold, Inc. (a)	46,862		781,033
MK Resources Co. (a)	17,047		21,309
NN, Inc.	5,189		65,848
Northwest Pipe Co. (a)	2,655		58,835
Olympic Steel, Inc. (a)	5,717		89,757
Oregon Steel Mills, Inc. (a)	17,814		314,595
Quanex Corp.	12,724		660,248
Reliance Steel & Aluminum Co.	13,255		510,185
Roanoke Electric Steel Corp.	4,310		86,416
Rock of Ages Corp. Class A	600		3,642
Royal Gold, Inc.	8,255		144,875
RTI International Metals, Inc. (a)	9,224		252,645
Ryerson Tull, Inc.	9,376		142,703
Schnitzer Steel Industries, Inc. Class A	12,586		290,988
Southern Peru Copper Corp.	7,354		341,667
Steel Dynamics, Inc.	21,613		581,174
Steel Technologies, Inc.	9,322		186,440
Stillwater Mining Co. (a)	18,304		123,552
Titanium Metals Corp. (a)	4,820		205,043
Universal Stainless & Alloy Products, Inc. (a)	384		4,819
Wheeling Pittsburgh Corp. (a)	3,638		64,538
Worthington Industries, Inc.	38,481		644,942
			11,391,128
Paper & Forest Products - 0.2%
Bowater, Inc.	28,625		898,825
Buckeye Technologies, Inc. (a)	16,675		137,902
Deltic Timber Corp.	4,683		181,232
MAXXAM, Inc. (a)	2,331		54,196
Neenah Paper, Inc.	6,000		179,580
P.H. Glatfelter Co.	14,870		166,544
Pope & Talbot, Inc.	3,531		38,947
Potlatch Corp.	16,306		842,857
	Shares		Value
Schweitzer-Mauduit International, Inc.	7,420		$ 222,377
Wausau-Mosinee Paper Corp.	26,262		328,275
			3,050,735
TOTAL MATERIALS			52,521,609
TELECOMMUNICATION SERVICES - 1.6%
Diversified Telecommunication Services - 0.6%
Acceris Communications, Inc. (a)	275		105
Alaska Communication Systems Group, Inc.	8,561		81,073
Allegiance Telecom, Inc. (a)	15,750		72
Arbinet-thexchange, Inc.	8,129		105,352
Atlantic Tele-Network, Inc.	2,585		76,258
Broadwing Corp. (a)	15,984		78,322
Cincinnati Bell, Inc. (a)	127,576		503,925
Cogent Communications Group, Inc. (a)	87		2,002
Commonwealth Telephone Enterprises, Inc.	10,444		545,699
Covad Communications Group, Inc. (a)	173,698		218,859
Covista Communications, Inc. (a)	5,014		4,412
CT Communications, Inc.	6,082		73,592
D&E Communications, Inc.	5,104		41,291
Dial-Thru Intl Corp. (a)	4,800		2,160
eLEC Communications Corp. (a)	14,200		7,242
FairPoint Communications, Inc.	12,449		193,831
Fonix Corp. (a)	595		57
General Communications, Inc. Class A (a)	18,974		156,346
Global Crossing Ltd. (a)	6,900		93,564
HickoryTech Corp.	2,807		25,488
Hungarian Telephone & Cable Corp. (a)	3,053		55,504
IDT Corp. Class B (a)	38,521		527,738
Iowa Telecommunication Services, Inc.	13,847		260,324
Level 3 Communications, Inc. (a)	302,337		628,861
Lynch Interactive Corp. (a)	597		15,821
MCI, Inc.	129,903		3,328,115
McLeodUSA, Inc. Class A (a)	39,932		4,792
Moscow CableCom Corp. (a)	3,275		18,176
North Pittsburgh Systems, Inc.	5,561		104,324
Pac-West Telecomm, Inc. (a)	6,849		7,123
PanAmSat Holding Corp.	24,440		464,604
Premiere Global Services, Inc. (a)	39,920		449,100
Primus Telecommunications Group, Inc. (a)	28,517		25,665
Shenandoah Telecommunications Co.	7,394		236,608
SureWest Communications	5,402		128,568
Talk America Holdings, Inc. (a)	17,075		151,797
Time Warner Telecom, Inc. Class A (a)	41,308		210,671
Trinsic, Inc. (a)	2,451		711
U.S. LEC Corp. Class A (a)	5,708		14,270
Valor Communications Group, Inc.	14,338		194,997
Warwick Valley Telephone Co.	842		21,050
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
WQN, Inc. (a)	1,740		$ 3,428
XETA Technologies, Inc. (a)	3,181		10,179
			9,072,076
Wireless Telecommunication Services - 1.0%
Alamosa Holdings, Inc. (a)	69,914		863,438
American Tower Corp. Class A (a)	113,295		2,043,842
At Road, Inc. (a)	15,022		41,461
Centennial Communications Corp. Class A (a)	17,544		229,651
Crown Castle International Corp. (a)	116,046		2,063,298
Dobson Communications Corp. Class A (a)	33,825		72,047
GoAmerica, Inc. (a)	118		821
InPhonic, Inc.	15,876		234,489
LCC International, Inc. (a)	9,142		32,637
Metro One Telecommunications, Inc. (a)	6,550		6,157
Nextel Partners, Inc. Class A (a)	22,267		528,841
NII Holdings, Inc. (a)	28,362		1,690,375
Price Communications Corp.	19,945		342,855
Rural Cellular Corp. Class A (a)	3,181		15,332
SBA Communications Corp. Class A (a)	42,677		477,129
SkyTerra Communications, Inc. (a)	1,881		57,841
SpectraSite, Inc. (a)	22,482		1,435,476
SunCom Wireless Holdings, Inc. Class A (a)	20,145		42,305
Syniverse Holdings, Inc.	10,582		123,069
Telephone & Data Systems, Inc.	28,993		1,123,479
U.S. Cellular Corp. (a)	7,631		358,962
U.S. Unwired, Inc. Class A (a)	44,106		223,176
Ubiquitel, Inc. (a)	47,417		328,126
Western Wireless Corp. Class A (a)	38,317		1,525,400
Wireless Facilities, Inc. (a)	21,324		109,819
			13,970,026
TOTAL TELECOMMUNICATION SERVICES			23,042,102
UTILITIES - 3.8%
Electric Utilities - 1.4%
Allete, Inc.	15,089		724,272
Alliant Energy Corp.	56,255		1,552,638
Capital Rock Energy Corp. (a)	485		9,579
Central Vermont Public Service Corp.	4,526		95,046
CH Energy Group, Inc.	10,164		459,413
Cleco Corp.	30,451		636,121
DPL, Inc.	62,719		1,587,418
Duquesne Light Holdings, Inc.	40,735		775,187
El Paso Electric Co. (a)	19,223		385,806
Empire District Electric Co.	13,229		304,002
Great Plains Energy, Inc.	35,908		1,131,102
Green Mountain Power Corp.	3,042		88,887
Hawaiian Electric Industries, Inc.	39,530		1,019,874
	Shares		Value
IDACORP, Inc.	20,404		$ 577,841
MGE Energy, Inc.	10,865		391,140
Northeast Utilities	61,324		1,214,828
NSTAR	25,878		1,514,898
Otter Tail Corp.	15,829		403,006
Pepco Holdings, Inc.	93,203		2,100,796
PNM Resources, Inc.	26,571		774,279
Reliant Energy, Inc. (a)	150,626		1,852,700
Sierra Pacific Resources (a)	65,326		780,646
UIL Holdings Corp.	8,334		432,035
Unisource Energy Corp.	18,785		540,444
Unitil Corp.	2,839		77,022
Westar Energy, Inc.	41,308		952,976
			20,381,956
Gas Utilities - 1.2%
AGL Resources, Inc.	40,604		1,430,885
Atmos Energy Corp.	43,941		1,243,091
Cascade Natural Gas Corp.	4,582		88,066
Chesapeake Utilities Corp.	7,710		222,202
Delta Natural Gas Co., Inc.	2,782		71,553
Energen Corp.	14,773		962,904
EnergySouth, Inc.	8,653		232,939
Equitable Resources, Inc.	31,278		1,988,030
Laclede Group, Inc.	9,640		288,236
National Fuel Gas Co.	42,523		1,190,644
New Jersey Resources Corp.	15,267		688,542
Northwest Natural Gas Co.	12,795		463,179
ONEOK, Inc.	51,271		1,581,710
Piedmont Natural Gas Co., Inc.	36,220		885,941
Questar Corp.	44,510		2,805,910
Rio Vista Energy Partners LP	601		6,461
SEMCO Energy, Inc. (a)	5,396		29,570
South Jersey Industries, Inc.	8,999		510,243
Southern Union Co.	52,432		1,283,011
Southwest Gas Corp.	15,088		376,898
UGI Corp.	51,188		1,356,994
WGL Holdings, Inc.	26,506		862,505
			18,569,514
Independent Power Producers & Energy Traders - 0.1%
Black Hills Corp.	18,563		679,777
NRG Energy, Inc. (a)	43,751		1,564,098
Ormat Technologies, Inc.	303		5,184
			2,249,059
Multi-Utilities - 0.9%
Aquila, Inc. (a)	146,336		547,297
Avista Corp.	27,686		488,104
Energy East Corp.	71,601		2,004,828
Florida Public Utilities Co.	3,897		68,977
MDU Resources Group, Inc.	57,550		1,656,865
OGE Energy Corp.	49,020		1,360,305
Puget Energy, Inc.	47,399		1,078,327
SCANA Corp.	52,422		2,208,539
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Multi-Utilities - continued
Vectren Corp.	40,349		$ 1,101,124
Wisconsin Energy Corp.	54,520		1,979,076
WPS Resources Corp.	17,468		963,011
			13,456,453
Water Utilities - 0.2%
American States Water Co.	11,845		331,423
Aqua America, Inc.	45,525		1,239,191
Artesian Resources Corp. Class A	2,509		80,965
California Water Service Group	10,939		394,679
Connecticut Water Service, Inc.	5,523		138,185
Middlesex Water Co.	9,279		179,456
SJW Corp.	2,247		94,823
Southwest Water Co.	6,669		70,958
			2,529,680
TOTAL UTILITIES			57,186,662
TOTAL COMMON STOCKS (Cost $1,339,519,323)		1,472,730,073
Nonconvertible Preferred Stocks - 0.0%
TELECOMMUNICATION SERVICES - 0.0%
Wireless Telecommunication Services - 0.0%
Telephone & Data Systems, Inc.	24,053		914,014
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $916,604)		914,014
U.S. Treasury Obligations - 0.2%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 2.71% 6/9/05 (d) (Cost $3,497,646)	$ 3,500,000		3,497,984
Money Market Funds - 12.4%
	Shares
Fidelity Cash Central Fund, 3.05% (b)	13,862,738	13,862,738
Fidelity Securities Lending Cash Central Fund, 3.06% (b)(c)	170,824,478	170,824,478
TOTAL MONEY MARKET FUNDS (Cost $184,687,216)		184,687,216
TOTAL INVESTMENT PORTFOLIO - 111.2% (Cost $1,528,620,789)		1,661,829,287
NET OTHER ASSETS - (11.2)%		(167,948,641)
NET ASSETS - 100%		$ 1,493,880,646

Futures Contracts
	Expiration Date		Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
35 Russell 2000 Index Contracts	June 2005	$ 10,801,875		$ 477,475
11 S&P 500 E-Mini Index Contracts	June 2005		655,765	14,943
5 S&P 500 Index Contracts	June 2005		1,490,375	15,224
17 S&P MidCap 400 Index Contracts	June 2005		5,700,950	255,348
		$ 18,648,965		$ 762,990

The face value of futures purchased as a percentage of net assets - 1.2%

Swap Agreements
		Notional Amount	Value
Equity Total Return Swap
Receive monthly a return equal to Plains All American Pipeline LP and pay monthly a floating rate based on 1-month LIBOR plus 40 basis points with Goldman Sachs	August 2005	$ 846,789	$ 207,811

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete listing of the fund's holdings as of its most recent quarter end is available upon request.

(c) Investment made with cash collateral received from securities on loan.

(d) 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 $3,497,984.

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $1,537,357,921. Net unrealized appreciation aggregated $124,471,366, of which $350,911,952 related to appreciated investment securities and $226,440,586 related to depreciated investment securities.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Spartan ® International Index Fund

May 31, 2005

1.816029.100

SPI-QTLY-0705

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares		Value
Australia - 5.3%
Alinta Ltd.	30,277		$ 225,664
Alumina Ltd.	160,201		666,577
Amcor Ltd.	112,096		573,922
AMP Ltd.	273,114		1,361,197
Ansell Ltd.	25,930		180,146
APN News & Media Ltd.	28,780		110,839
Aristocrat Leisure Ltd.	38,855		307,497
Australia & New Zealand Banking Group Ltd.	249,796		4,046,187
Australian Gas Light Co.	65,033		683,116
Australian Stock Exchange Ltd.	16,315		282,011
AXA Asia Pacific Holdings Ltd.	115,745		405,558
Babcock & Brown Ltd.	19,561		169,134
BHP Billiton Ltd.	486,058		6,100,026
Billabong International Ltd.	14,668		136,906
BlueScope Steel Ltd.	93,642		572,781
Boral Ltd.	74,165		332,674
Brambles Industries Ltd.	135,592		814,019
Caltex Australia Ltd.	15,461		176,298
Centro Properties Group unit	114,455		479,690
CFS Gandel Retail Trust	181,994		228,138
Challenger Financial Services Group Ltd. (a)	44,690		112,717
Coca-Cola Amatil Ltd.	66,134		392,038
Cochlear Ltd.	12,912		314,941
Coles Myer Ltd.	170,445		1,173,849
Commonwealth Bank of Australia	174,927		4,894,161
Commonwealth Property Office Fund	253,363		250,638
Computershare Ltd.	54,899		244,596
CSL Ltd.	24,882		543,021
CSR Ltd.	119,744		224,253
DB RREEF Trust unit	299,364		309,709
DCA Group Ltd.	41,114		108,044
Downer EDI Ltd.	29,130		116,147
Fosters Group Ltd.	260,129		1,060,757
Futuris Corp. Ltd.	28,182		35,966
General Property Trust	305,015		813,072
Harvey Norman Holdings Ltd.	119,495		221,080
Iluka Resources Ltd.	58,142		270,021
ING Industrial Fund	114,900		186,548
Insurance Australia Group Ltd.	239,655		1,058,707
Investa Property Group	168,762		246,598
John Fairfax Holdings Ltd.	110,515		348,844
Leighton Holdings Ltd.	25,636		200,366
Lend Lease Corp. Ltd.	44,183		407,050
Lion Nathan Ltd.	36,606		203,176
Macquarie Airports unit	76,647		211,841
Macquarie Bank Ltd.	30,652		1,165,444
Macquarie Communications Infrastructure Group unit	39,263		186,792
Macquarie Goodman Group unit	146,795		443,409
Macquarie Infrastructure Group unit	274,695		806,926
	Shares		Value
Mayne Group Ltd.	60,100		$ 210,130
Mirvac Group	102,593		258,760
Multiplex Group unit	66,304		128,178
National Australia Bank Ltd.	213,937		5,087,421
Newcrest Mining Ltd.	40,782		409,594
OneSteel Ltd.	55,323		105,278
Orica Ltd.	35,371		420,689
Origin Energy Ltd.	98,888		533,181
Pacific Brands Ltd.	37,176		63,446
PaperlinX Ltd.	51,762		91,075
Patrick Corp. Ltd.	84,443		362,835
Perpetual Trustees Australia Ltd.	8,210		347,188
Publishing & Broadcasting Ltd.	18,053		207,763
Qantas Airways Ltd.	170,088		413,583
QBE Insurance Group Ltd.	105,406		1,167,693
Rinker Group Ltd.	126,295		1,174,979
Rio Tinto Ltd.	40,351		1,297,153
Santos Ltd.	82,432		627,465
SFE Corp. Ltd.	14,934		113,676
Sonic Healthcare Ltd.	27,934		244,695
Southcorp Ltd.	165,043		530,933
Stockland:
unit	194,896		812,410
unit New	4,893		20,174
Suncorp-Metway Ltd.	74,312		1,099,887
Tabcorp Holdings Ltd.	72,910		863,309
Telstra Corp. Ltd.	281,915		1,068,698
Toll Holdings Ltd.	25,995		245,377
Transurban Group unit	123,376		677,327
UNiTAB Ltd.	14,511		146,837
Wesfarmers Ltd.	52,113		1,445,047
Westfield Group unit	191,436		2,428,657
Westpac Banking Corp.	249,548		3,701,083
WMC Resources Ltd.	168,987		994,086
Woodside Petroleum Ltd.	62,847		1,174,608
Woolworths Ltd.	142,797		1,732,879
TOTAL AUSTRALIA			64,609,185
Austria - 0.4%
Andritz AG	1,200		104,533
Bank Austria Creditanstalt AG	5,116		501,751
Boehler-Uddeholm AG	1,540		198,961
Boehler-Uddeholm AG rights 12/31/99	1,540		0
Erste Bank der Oesterreichischen Sparkassen AG	16,516		812,341
Flughafen Wien AG	1,669		106,920
IMMOFINANZ Immobilien Anlagen AG (a)	58,728		530,445
Mayr-Melnhof Karton AG	1,559		222,250
Meinl European Land Ltd. (a)	7,294		127,454
Oesterreichische Elektrizitaetswirtschafts AG (Verbund)	816		210,867
OMV AG	2,380		834,682
RHI AG (a)	250		6,891
Common Stocks - continued
	Shares		Value
Austria - continued
Telekom Austria AG	45,205		$ 842,749
VA Technologie AG (a)	444		34,202
voestalpine AG	3,528		237,734
Wienerberger AG	7,460		330,752
TOTAL AUSTRIA			5,102,532
Belgium - 1.3%
Agfa-Gevaert NV	15,132		432,931
Barco NV	1,359		98,667
Bekaert SA	891		66,114
Belgacom SA	23,395		800,614
Cofinimmo SA	490		77,843
Colruyt NV	1,877		272,088
Compagnie Maritime Belge SA (CMB)	845		27,368
D'ieteren SA	140		27,823
Delhaize Group	9,003		525,685
Dexia SA	82,787		1,796,031
Electrabel SA	3,808		1,676,159
Euronav NV	1,014		30,071
Fortis	161,025		4,379,100
Fortis (strip VVPR) (a)	1,764		22
Groupe Bruxelles Lambert SA (GBL)	9,723		827,355
Inbev SA	28,352		936,409
KBC Groupe SA	26,481		2,147,430
Mobistar SA	3,279		262,273
Omega Pharma SA	2,960		150,432
Solvay SA	7,431		805,606
UCB SA	10,413		475,773
Umicore SA	3,682		289,750
TOTAL BELGIUM			16,105,544
Bermuda - 0.0%
Frontline Ltd.	7,750		332,500
Noble Group Ltd.	135,000		119,870
SCMP Group Ltd.	46,000		19,954
TOTAL BERMUDA			472,324
Cayman Islands - 0.0%
Hutchison Telecommunications International Ltd.	130,000		122,809
Kingboard Chemical Holdings Ltd.	103,000		313,752
TOTAL CAYMAN ISLANDS			436,561
Denmark - 0.8%
A.P. Moller - Maersk AS Series B	160		1,447,198
Bang & Olufsen AS Series B	550		35,378
Carlsberg AS Series B	4,238		207,431
Coloplast AS Series B	4,910		276,858
Dampskibsselskabet TORM AS	2,050		111,863
Danisco AS	7,325		503,873
Danske Bank AS	59,148		1,696,915
DSV de Sammensluttede Vognmaend AS	3,019		234,130
East Asiatic Co. Ltd.	4,141		259,516
	Shares		Value
FLS Industries	1,400		$ 26,044
GN Store Nordic AS	24,265		278,860
H. Lundbeck AS	13,435		336,566
Kobenhaven Lufthave AS	1,255		278,080
NKT Holding AS	900		34,973
Novo Nordisk AS Series B	31,780		1,634,311
Novozymes AS Series B	7,193		349,091
TDC AS	26,873		1,186,446
Topdanmark AS (a)	4,615		331,194
Vestas Wind Systems AS (a)	23,428		380,617
William Demant Holding AS (a)	4,767		228,199
TOTAL DENMARK			9,837,543
Finland - 1.5%
Amer Group PLC (A Shares)	10,650		180,854
Elisa Corp. (A Shares)	20,250		302,761
Fortum Oyj	47,625		722,013
KCI Konecranes Oyj	700		28,555
Kesko Oyj	12,100		290,497
Kone Oyj (B Shares)	5,320		439,599
Metso Corp.	13,807		276,091
Neste Oil Oyj	16,806		375,353
Nokia Corp.	639,559		10,782,965
Nokian Tyres Ltd.	16,500		294,409
Orion-Yhtyma Oyj (B Shares)	16,800		327,464
Outokumpu Oyj (A Shares)	15,725		216,724
Pohjola Group PLC (D Shares)	2,400		30,537
Rautaruukki Oyj (K Shares)	21,500		303,724
Sampo Oyj (A Shares)	54,505		769,306
Stora Enso Oyj (R Shares)	79,245		1,043,410
TietoEnator Oyj	9,560		294,572
UPM-Kymmene Corp.	72,418		1,410,703
Uponor Oyj	14,100		261,476
Wartsila Oyj (B Shares)	11,350		341,487
YIT-Yhtyma OY	6,200		200,272
TOTAL FINLAND			18,892,772
France - 9.1%
Accor SA	26,599		1,227,100
Air France KLM (Reg.)	13,261		210,833
Alcatel SA (RFD) (a)	176,794		1,930,590
Alstom SA (a)	604,101		550,099
Atos Origin SA (a)	7,837		484,602
Autoroutes du Sud de la France	6,580		339,427
AXA SA	193,566		4,740,431
BIC SA	4,989		267,977
BNP Paribas SA	108,079		7,268,265
Bouygues SA	25,330		974,681
Business Objects SA (a)	11,324		324,546
Cap Gemini SA (a)	17,752		565,997
Carrefour SA	77,647		3,850,605
Casino Guichard Perrachon et Compagnie	5,238		391,249
CNP Assurances	3,714		249,079
Common Stocks - continued
	Shares		Value
France - continued
Compagnie de St. Gobain	43,233		$ 2,488,181
Credit Agricole SA	93,867		2,433,754
Dassault Systemes SA	6,212		288,185
Essilor International SA	13,255		909,335
France Telecom SA	201,780		5,704,321
Gecina SA	5,057		608,288
Groupe Danone	32,786		3,015,775
Hermes International SA	1,252		242,344
Imerys	3,562		256,637
Klepierre SA	2,873		270,456
L'Air Liquide SA	14,875		2,586,416
L'Oreal SA	40,382		2,929,348
Lafarge SA (Bearer)	22,106		2,008,907
Lagardere S.C.A. (Reg.)	17,686		1,260,107
Louis Vuitton Moet Hennessy (LVMH)	33,380		2,382,394
Michelin SA (Compagnie Generale des Etablissements) Series B	19,115		1,207,853
Neopost SA	3,426		305,861
PagesJaunes Groupe SA	16,110		389,347
Pernod-Ricard	7,150		1,104,203
Peugeot Citroen SA	23,682		1,418,627
Pinault Printemps-Redoute SA	9,387		929,869
Publicis Groupe SA	20,653		605,629
Renault SA	25,609		2,191,740
Sagem SA	25,486		483,285
Sanofi-Aventis	143,850		12,946,500
Schneider Electric SA	29,794		2,192,448
SCOR SA	86,044		175,763
Societe des Autoroutes du Nord et de l'Est de la France	2,898		149,243
Societe Des Autoroutes Paris-Rhin-Rhone	3,778		206,277
Societe Generale Series A	45,094		4,430,910
Sodexho Alliance SA	14,959		480,075
Suez SA (France)	109,306		2,938,967
Technip-Coflexip SA	13,024		574,877
Television Francaise 1 SA	20,760		562,272
Thales SA	12,297		491,036
Thomson SA	33,912		858,395
Total SA:
(strip VVPR) (a)	774		10
Series B	77,759		17,292,046
Unibail (Reg.)	6,205		790,281
Valeo SA	10,818		452,877
Veolia Environnement	39,519		1,490,513
Vinci SA	18,810		1,408,473
Vivendi Universal SA	145,399		4,446,301
Zodiac SA	5,619		272,775
TOTAL FRANCE			111,556,382
Germany - 6.4%
Adidas-Salomon AG	6,466		1,074,557
Allianz AG (Reg.)	46,908		5,544,526
	Shares		Value
Altana AG	11,139		$ 663,012
BASF AG	72,049		4,784,054
Bayer AG	87,028		2,944,157
Bayerische Hypo-und Vereinsbank AG (a)	83,262		2,052,235
Beiersdorf AG	1,750		186,705
Celesio AG	3,331		273,893
Commerzbank AG	65,400		1,425,265
Continental AG	16,988		1,203,477
DaimlerChrysler AG (Reg.)	118,869		4,789,232
Deutsche Bank AG	66,778		5,203,342
Deutsche Boerse AG	14,122		1,038,325
Deutsche Lufthansa AG (Reg.)	30,105		379,719
Deutsche Post AG	72,729		1,706,702
Deutsche Telekom AG (Reg.)	374,255		6,979,856
Douglas Holding AG	5,588		189,167
E.ON AG	84,515		7,352,805
Epcos AG (a)	2,900		37,220
Fresenius Medical Care AG	3,242		254,686
HeidelbergCement AG	9,560		612,555
HeidelbergCement AG (strip VVPR) (a)	239		3
Heidelberger Druckmaschinen AG (a)	5,758		176,996
Hochtief AG	7,053		240,497
Hypo Real Estate Holding AG	17,781		701,924
Infineon Technologies AG (a)	89,987		793,685
IVG Immobilien AG	7,107		128,034
KarstadtQuelle AG	2,050		22,779
Linde AG	11,376		772,590
MAN AG	19,350		854,582
Merck KGaA	7,763		600,582
Metro AG	18,867		940,280
MLP AG	10,000		164,032
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	24,552		2,686,492
Premiere AG	5,340		186,160
Puma AG	2,115		535,774
RWE AG	57,461		3,510,684
SAP AG	29,802		4,917,330
Schering AG	23,359		1,467,179
Siemens AG (Reg.)	108,181		7,921,013
Suedzucker AG (Bearer)	8,368		158,886
Thyssenkrupp AG	47,568		873,925
TUI AG	19,600		485,993
Volkswagen AG	28,735		1,263,761
Wincor Nixdorf AG	1,767		150,228
TOTAL GERMANY			78,248,899
Greece - 0.6%
Alpha Bank AE	34,798		958,327
Bank of Piraeus (Reg.)	26,850		480,405
Coca-Cola Hellenic Bottling Co. SA (Bearer)	18,741		496,289
Cosmote Mobile Telecommunications SA	13,956		250,734
Common Stocks - continued
	Shares		Value
Greece - continued
EFG Eurobank Ergasias SA	27,930		$ 861,294
Emporiki Bank of Greece SA	8,510		261,171
Folli Follie SA	730		20,176
Germanos SA	2,000		62,610
Greek Organization of Football Prognostics SA	23,915		652,726
Hellenic Duty Free Shops SA	1,170		19,321
Hellenic Petroleum SA	24,620		236,916
Hellenic Technodomiki Tev SA	6,240		32,557
Hellenic Telecommunication Organization SA (OTE)	30,728		549,035
Hyatt Regency SA (Reg.)	3,104		35,752
Intracom SA (Reg.)	5,790		29,782
National Bank of Greece SA	38,566		1,302,231
Public Power Corp. of Greece	11,930		295,371
Technical Olympic SA (Reg.)	3,590		20,675
Titan Cement Co. SA (Reg.)	9,270		276,967
Viohalco SA	5,200		33,402
TOTAL GREECE			6,875,741
Hong Kong - 1.7%
ASM Pacific Technology Ltd.	7,329		32,310
Bank of East Asia Ltd.	206,982		609,213
BOC Hong Kong Holdings Ltd.	513,066		949,591
Cathay Pacific Airways Ltd.	160,327		290,554
Cheung Kong Holdings Ltd.	200,449		1,829,208
Cheung Kong Infrastructure Holdings Ltd.	68,450		206,748
CLP Holdings Ltd.	233,157		1,333,550
Esprit Holdings Ltd.	128,023		917,347
Giordano International Ltd.	290,194		190,221
Hang Lung Properties Ltd.	253,423		368,066
Hang Seng Bank Ltd.	113,901		1,529,835
Henderson Land Development Co. Ltd.	75,963		346,602
Hong Kong & China Gas Co. Ltd.	509,427		1,024,701
Hong Kong Electric Holdings Ltd.	207,676		918,218
Hong Kong Exchanges & Clearing Ltd.	188,198		462,008
Hopewell Holdings Ltd.	94,000		232,573
Hutchison Whampoa Ltd.	268,158		2,335,075
Hysan Development Co. Ltd.	68,575		138,378
Johnson Electric Holdings Ltd.	276,062		259,018
Kerry Properties Ltd.	35,000		76,700
Li & Fung Ltd.	256,930		492,042
MTR Corp. Ltd.	158,482		292,303
New World Development Co. Ltd.	380,988		399,089
Orient Overseas International Ltd.	15,400		66,704
PCCW Ltd.	670,751		409,502
Shangri-La Asia Ltd.	154,842		233,845
Sino Land Co.	187,442		192,734
SmarTone Telecommunications Holdings Ltd.	14,000		15,565
Solomon Systech Ltd.	310,000		115,548
Sun Hung Kai Properties Ltd.	186,141		1,776,394
	Shares		Value
Swire Pacific Ltd. (A Shares)	131,384		$ 1,122,962
Techtronic Industries Co. Ltd.	103,500		231,468
Television Broadcasts Ltd.	52,000		265,335
Texwinca Holdings Ltd.	26,000		20,719
Wharf Holdings Ltd.	205,965		673,724
Wing Hang Bank Ltd.	16,500		117,700
Yue Yuen Industrial Holdings Ltd.	66,000		195,955
TOTAL HONG KONG			20,671,505
Ireland - 0.8%
Allied Irish Banks PLC	122,788		2,562,586
Bank of Ireland	127,331		1,927,252
CRH PLC	76,027		1,919,749
DCC PLC (Ireland)	10,825		214,463
DEPFA BANK PLC	45,582		731,426
Elan Corp. PLC (a)	46,963		352,521
Fyffes PLC (Ireland)	53,646		150,512
Grafton Group PLC Class A unit	36,355		421,867
Greencore Group PLC	55,037		230,945
IAWS Group PLC (Ireland)	9,000		135,114
Independent News & Media PLC	47,343		145,645
Independent News & Media PLC (Ireland)	26,951		82,911
Irish Life & Permanent PLC	36,884		612,732
Kerry Group PLC Class A	16,232		399,486
Kingspan Group PLC (Ireland)	17,895		208,096
Paddy Power PLC (United Kingdom)	6,000		105,581
Ryanair Holdings PLC (a)	35,718		283,935
Waterford Wedgwood PLC unit (a)	22,242		1,122
TOTAL IRELAND			10,485,943
Italy - 3.7%
Alleanza Assicurazioni Spa	58,825		628,682
Arnoldo Mondadori Editore Spa	7,322		70,765
Assicurazioni Generali Spa	128,957		3,919,594
Autogrill Spa	14,172		197,134
Autostrade Spa	43,694		1,138,261
Banca Antonveneta Spa	29,015		925,815
Banca Fideuram Spa	46,828		231,361
Banca Intesa Spa	425,759		1,991,411
Banca Monte dei Paschi di Siena Spa	180,791		649,174
Banca Nazionale del Lavoro (BNL)	202,354		681,780
Banca Popolare di Milano	56,169		569,400
Banche Popolari Unite Scarl	48,101		974,871
Banco Popolare di Verona e Novara	57,229		1,036,699
Benetton Group Spa	3,165		28,704
Bulgari Spa	18,787		209,915
Capitalia Spa	195,567		1,022,784
Common Stocks - continued
	Shares		Value
Italy - continued
Edison Spa (a)	86,845		$ 196,101
Enel Spa	501,041		4,500,859
ENI Spa	355,163		9,112,062
Fiat Spa (a)	64,021		430,144
Fineco Spa	24,831		212,974
Finmeccanica Spa	834,359		759,773
Gruppo Editoriale L'espresso Spa	11,600		66,276
Italcementi Spa	17,867		275,927
Lottomatica Spa New	3,000		100,339
Luxottica Group Spa	23,613		491,353
Mediaset Spa	109,648		1,292,604
Mediobanca Spa	58,902		1,025,618
Mediolanum Spa	35,212		225,100
Pirelli & C Spa	402,858		444,924
Riunione Adriatica di Sicurta Spa (RAS)	37,484		722,793
San Paolo IMI Spa	152,499		2,127,361
Seat Pagine Gialle Spa	809,700		329,302
Snam Rete Gas Spa	124,912		668,641
Telecom Italia Media Spa (a)	69,534		32,917
Telecom Italia Mobile Spa (TIM)	178,908		995,102
Telecom Italia Spa	1,138,071		3,655,183
Terna Spa	157,207		413,018
Tiscali Spa (a)	45,537		135,718
Unicredito Italiano Spa	596,748		3,087,850
TOTAL ITALY			45,578,289
Japan - 21.4%
77 Bank Ltd.	50,223		315,345
Acom Co. Ltd.	10,740		688,137
Aderans Co. Ltd.	10,300		237,920
Advantest Corp.	8,895		666,949
Aeon Co. Ltd.	86,300		1,325,800
Aeon Credit Service Ltd.	3,200		202,978
Aiful Corp.	8,205		600,923
Aisin Seiki Co. Ltd.	25,100		556,778
Ajinomoto Co., Inc.	80,866		891,712
Alfresa Holdings Corp.	2,000		91,663
All Nippon Airways Co. Ltd.	63,000		197,497
Alps Electric Co. Ltd.	22,977		346,881
Amada Co. Ltd.	49,000		332,819
Amano Corp.	3,000		31,074
Anritsu Corp.	4,000		24,052
Aoyama Trading Co. Ltd.	11,000		266,189
Ariake Japan Co. Ltd.	990		23,276
Asahi Breweries Ltd.	53,203		644,217
Asahi Glass Co. Ltd.	127,677		1,376,300
Asahi Kasei Corp.	180,727		879,652
Asatsu-DK, Inc.	2,000		57,381
Ashikaga Financial Group, Inc. (a)	605		6
Astellas Pharma, Inc.	73,600		2,617,597
Autobacs Seven Co. Ltd.	1,600		49,865
Bandai Co. Ltd.	12,300		253,113
	Shares		Value
Bank of Fukuoka Ltd.	73,300		$ 446,806
Bank of Kyoto Ltd.	28,000		234,584
Bank of Yokohama Ltd.	169,084		967,120
Benesse Corp.	8,100		256,894
Bridgestone Corp.	88,479		1,739,646
Canon Sales Co., Inc. (a)	6,000		106,091
Canon, Inc.	106,663		5,786,468
Capcom Co. Ltd.	2,700		25,293
Casio Computer Co. Ltd.	33,300		464,266
Central Glass Co. Ltd.	38,000		241,037
Central Japan Railway Co.	126		1,010,583
Chiba Bank Ltd.	94,674		642,178
Chiyoda Corp. (a)	18,000		214,656
Chubu Electric Power Co., Inc.	86,864		2,006,474
Chugai Pharmaceutical Co. Ltd.	41,025		604,307
Circle K Sunkus Co. Ltd.	3,100		69,334
Citizen Watch Co. Ltd.	48,766		425,547
Coca-Cola West Japan Co. Ltd.	2,100		46,872
COMSYS Holdings Corp.	19,000		160,227
Credit Saison Co. Ltd.	20,252		672,001
Csk Corp.	10,800		383,114
Dai Nippon Printing Co. Ltd.	87,242		1,375,458
Daicel Chemical Industries Ltd.	46,000		238,653
Daido Steel Co. Ltd. (a)	34,000		138,374
Daiichi Pharmaceutical Co. Ltd.	33,577		750,974
Daikin Industries Ltd.	29,394		715,347
Dainippon Ink & Chemicals, Inc.	122,995		363,025
Dainippon Screen Manufacturing Co. Ltd.	27,000		183,637
Daito Trust Construction Co.	10,363		388,510
Daiwa House Industry Co. Ltd.	69,184		762,895
Daiwa Securities Group, Inc.	162,985		1,030,837
Denki Kagaku Kogyo KK	65,358		227,654
Denso Corp.	70,938		1,606,087
Dentsu, Inc.	239		591,500
Dowa Mining Co. Ltd.	37,168		239,507
E*Trade Securities Co. Ltd.	45		142,307
eAccess Ltd. (a)	181		116,966
East Japan Railway Co.	448		2,213,401
Ebara Corp.	14,934		53,661
Eisai Co. Ltd.	31,578		1,065,187
Electric Power Development Co. Ltd.	17,200		487,170
Elpida Memory, Inc.	3,900		136,917
FamilyMart Co. Ltd.	8,900		256,977
Fanuc Ltd.	23,372		1,443,940
Fast Retailing Co. Ltd.	7,100		373,563
Fuji Electric Holdings Co. Ltd.	94,153		285,664
Fuji Photo Film Co. Ltd.	66,105		2,069,087
Fuji Soft ABC, Inc.	2,200		63,926
Fuji Television Network, Inc.	136		277,995
Fujikura Ltd.	49,000		248,379
Fujitsu Ltd.	245,075		1,341,117
Furukawa Electric Co. Ltd. (a)	83,790		346,387
Glory Ltd.	6,400		107,766
Common Stocks - continued
	Shares		Value
Japan - continued
Gunma Bank Ltd.	43,663		$ 259,748
Gunze Ltd.	9,000		39,351
Hakuhodo DY Holdings, Inc. (a)	2,600		180,887
Hankyu Department Stores, Inc.	6,000		35,968
Hikari Tsushin, Inc.	2,600		154,672
Hino Motors Ltd.	29,000		160,557
Hirose Electric Co. Ltd.	4,198		444,060
Hitachi Cable Ltd.	8,000		34,465
Hitachi Capital Corp.	4,500		86,621
Hitachi Chemical Co. Ltd.	13,500		243,654
Hitachi Construction Machinery Co. Ltd.	19,200		227,207
Hitachi Ltd.	442,271		2,649,203
Hitachi Software Engineerng Co. Ltd.	1,400		23,304
Hokkaido Electric Power Co., Inc.	28,200		566,091
Hokuhoku Financial Group, Inc.	126,715		403,042
Honda Motor Co. Ltd.	106,880		5,284,147
House Foods Corp.	4,000		56,171
Hoya Corp.	13,404		1,490,351
Ibiden Co. Ltd.	9,900		254,997
Index Corp. (a)	48		117,915
INPEX Corp.	45		229,753
Isetan Co. Ltd.	22,000		282,120
Ishihara Sangyo Kaisha Ltd.	14,000		30,670
Ishikawajima-Harima Heavy Industries Co. Ltd. (a)	206,185		292,942
Ito En Ltd.	5,100		241,687
Ito-Yokado Ltd.	44,856		1,517,191
Itochu Corp.	195,986		946,736
ITOCHU TECHNO-SCIENCE Corp. (CTC)	1,700		54,695
JAFCO Co. Ltd.	4,600		245,400
Japan Airlines Corp.	74,420		212,832
Japan Prime Realty Investment Corp.	36		107,246
Japan Real Estate Investment Corp.	38		303,037
Japan Retail Fund Investment Corp.	27		218,533
Japan Tobacco, Inc.	117		1,522,886
JFE Holdings, Inc.	74,475		1,867,072
JGC Corp.	31,117		352,256
Joyo Bank Ltd.	93,941		476,183
Js Group Corp.	39,459		669,493
JSR Corp.	24,216		508,313
Kajima Corp.	105,317		359,116
Kaken Pharmaceutical Co. Ltd.	4,000		26,106
Kamigumi Co. Ltd.	30,663		227,944
Kanebo Ltd. (a)	2,000		5,536
Kaneka Corp.	38,559		400,451
Kansai Electric Power Co., Inc.	97,536		1,886,430
Kansai Paint Co. Ltd. Osaka	15,000		93,084
Kao Corp.	71,750		1,654,067
Katokichi Co. Ltd.	6,000		41,743
Kawasaki Heavy Industries Ltd.	134,945		241,204
Kawasaki Kisen Kaisha Ltd.	75,000		444,106
KDDI Corp.	331		1,510,952
	Shares		Value
Keihin Electric Express Railway Co. Ltd.	73,061		$ 444,010
Keio Electric Railway Co. Ltd.	77,410		417,222
Keisei Electric Railway Co. (a)	23,000		110,683
Keyence Corp.	4,600		1,004,368
Kikkoman Corp.	19,849		179,394
Kinden Corp.	34,000		250,881
Kintetsu Corp.	199,100		591,302
Kirin Brewery Co. Ltd.	98,256		959,184
Kobe Steel Ltd.	382,000		665,289
Kokuyo Co. Ltd.	5,000		63,843
Komatsu Ltd.	131,145		979,721
Komori Corp.	3,000		45,373
Konami Corp.	14,000		278,472
Konica Minolta Holdings, Inc.	53,000		473,668
Kose Corp.	3,300		111,013
Koyo Seiko Co. Ltd.	16,000		207,085
Kubota Corp.	159,864		882,146
Kuraray Co. Ltd.	53,986		477,531
Kuraya Sanseido, Inc.	19,200		255,365
Kurita Water Industries Ltd.	13,300		197,131
Kyocera Corp.	22,602		1,736,964
Kyowa Hakko Kogyo Co. Ltd.	34,000		215,664
Kyushu Electric Power Co., Inc.	50,570		1,047,598
Lawson, Inc.	6,616		240,151
Leopalace21 Corp.	20,800		316,303
Mabuchi Motor Co. Ltd.	5,121		295,256
Makita Corp.	13,000		252,623
Marubeni Corp.	192,244		607,946
Marui Co. Ltd.	48,749		676,080
Matsui Securities Co. Ltd.	11,200		128,636
Matsumotokiyoshi Co. Ltd.	2,600		67,684
Matsushita Electric Industrial Co. Ltd.	297,073		4,450,154
Matsushita Electric Works Co. Ltd.	51,000		420,732
Meiji Dairies Corp.	43,000		238,461
Meiji Seika Kaisha Ltd.	56,888		276,369
Meitec Corp.	4,900		150,015
Millea Holdings, Inc.	203		2,679,488
Minebea Co. Ltd.	60,008		243,672
Mitsubishi Chemical Corp.	234,551		670,788
Mitsubishi Corp.	157,702		2,080,134
Mitsubishi Electric Corp.	253,106		1,373,464
Mitsubishi Estate Co. Ltd.	144,723		1,554,742
Mitsubishi Gas Chemical Co., Inc.	48,867		240,538
Mitsubishi Heavy Industries Ltd.	391,256		1,004,182
Mitsubishi Logistics Corp.	26,000		248,095
Mitsubishi Materials Corp.	123,937		271,514
Mitsubishi Rayon Co. Ltd.	75,312		303,055
Mitsubishi Securities Co. Ltd.	16,000		133,608
Mitsubishi Tokyo Financial Group, Inc. (MTFG)	663		5,502,900
Mitsui & Co. Ltd.	183,123		1,636,593
Mitsui Chemicals, Inc.	100,683		570,345
Mitsui Engineering & Shipbuilding Co.	150,000		323,111
Mitsui Fudosan Co. Ltd.	104,677		1,166,751
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsui Mining & Smelting Co. Ltd.	62,154		$ 269,478
Mitsui O.S.K. Lines Ltd.	140,285		842,259
Mitsui Sumitomo Insurance Co. Ltd.	174,475		1,588,092
Mitsui Trust Holdings, Inc.	81,300		795,149
Mitsukoshi Ltd.	48,376		207,081
Mitsumi Electric Co. Ltd.	3,300		34,937
Mizuho Financial Group, Inc.	1,142		5,380,498
Murata Manufacturing Co. Ltd.	30,454		1,546,491
Namco Ltd.	8,900		119,922
NEC Corp.	260,951		1,442,346
NEC Electronics Corp.	6,500		309,820
Net One Systems Co. Ltd.	59		161,702
NGK Insulators Ltd.	38,309		398,908
NGK Spark Plug Co. Ltd.	19,000		213,519
NHK Spring Co. Ltd.	17,000		140,867
Nichii Gakkan Co.	900		22,027
Nichirei Corp.	14,860		55,574
Nidec Corp.	6,471		705,849
Nikko Cordial Corp.	241,126		1,056,490
Nikon Corp.	30,838		341,748
Nintendo Co. Ltd.	12,796		1,353,547
Nippon Building Fund, Inc.	44		398,477
Nippon Electric Glass Co. Ltd.	21,000		324,156
Nippon Express Co. Ltd.	130,546		593,524
Nippon Kayaku Co. Ltd.	7,000		37,728
Nippon Light Metal Co. Ltd.	77,000		185,626
Nippon Meat Packers, Inc.	17,740		218,710
Nippon Mining Holdings, Inc.	112,000		611,868
Nippon Oil Corp.	184,129		1,201,698
Nippon Paper Group, Inc.	128		496,299
Nippon Sheet Glass Co. Ltd.	56,000		218,671
Nippon Shokubai Co. Ltd.	33,000		264,071
Nippon Steel Corp.	805,661		1,875,769
Nippon Telegraph & Telephone Corp.	689		2,820,766
Nippon Yusen KK	141,578		770,860
Nishi-Nippon City Bank Ltd.	54,000		221,751
Nishimatsu Construction Co. Ltd.	12,000		40,368
Nissan Chemical Industries Co. Ltd.	26,000		266,207
Nissan Motor Co. Ltd.	329,048		3,218,229
Nisshin Seifun Group, Inc.	23,719		233,069
Nisshin Steel Co. Ltd.	124,000		302,341
Nisshinbo Industries, Inc.	30,000		229,890
Nissin Food Products Co. Ltd.	9,723		255,785
Nitori Co. Ltd.	2,900		190,329
Nitto Denko Corp.	22,294		1,248,598
NOK Corp.	13,900		376,501
Nomura Holdings, Inc.	245,447		3,107,359
Nomura Real Estate Office Fund, Inc. (a)	21		153,609
Nomura Research Institute Ltd.	3,200		302,414
NSK Ltd.	42,576		206,059
NTN Corp.	81,611		440,613
NTT Data Corp.	169		539,087
	Shares		Value
NTT DoCoMo, Inc.	2,520		$ 3,812,760
NTT Urban Development Co.	24		106,256
Obayashi Corp.	80,704		408,345
Obic Co. Ltd.	1,100		191,575
Odakyu Electric Railway Co. Ltd.	79,000		416,378
Oji Paper Co. Ltd.	105,352		556,235
Oki Electric Industry Co. Ltd.	50,000		169,576
Okumura Corp.	12,000		64,457
Olympus Corp.	31,429		613,626
Omron Corp.	26,660		584,052
Onward Kashiyama Co. Ltd.	14,000		169,906
Oracle Corp. Japan	4,100		160,850
Oriental Land Co. Ltd.	8,056		475,553
ORIX Corp.	10,978		1,576,832
Osaka Gas Co. Ltd.	298,525		919,419
Pioneer Corp.	16,938		279,776
Promise Co. Ltd.	12,975		805,173
QP Corp.	7,000		60,635
Rakuten, Inc.	765		575,001
Resona Holdings, Inc. (a)	625,536		1,192,639
Ricoh Co. Ltd.	91,770		1,493,112
Rinnai Corp.	2,600		65,181
Rohm Co. Ltd.	13,444		1,254,497
Ryohin Keikaku Co. Ltd.	1,800		81,507
Sanden Corp.	5,000		20,624
Sanken Electric Co. Ltd.	11,000		150,135
Sankyo Co. Ltd.	50,055		1,016,283
Sankyo Co. Ltd. (Gunma)	5,500		238,965
Santen Pharmaceutical Co. Ltd.	6,000		134,744
Sanwa Shutter Corp.	12,000		66,877
Sanyo Electric Co. Ltd.	220,382		597,945
Sapporo Breweries Ltd.	51,578		256,719
Secom Co. Ltd.	27,767		1,168,248
Sega Sammy Holdings, Inc. (a)	9,000		517,253
Seiko Epson Corp.	13,800		457,911
Seino Transportation Co. Ltd.	19,000		165,800
Sekisui Chemical Co. Ltd.	70,293		486,466
Sekisui House Ltd. (a)	78,467		767,441
Seven Eleven Japan Co. Ltd.	50,849		1,430,916
SFCG Co. Ltd.	640		162,148
Sharp Corp.	134,675		2,081,315
Shimachu Co. Ltd.	11,100		275,731
Shimamura Co. Ltd.	3,800		292,588
SHIMANO, Inc.	11,000		318,620
SHIMIZU Corp.	77,416		343,455
Shin-Etsu Chemical Co. Ltd.	47,962		1,767,326
Shinko Securities Co. Ltd.	44,000		133,498
Shinsei Bank Ltd.	132,000		666,682
Shionogi & Co. Ltd.	39,091		535,329
Shiseido Co. Ltd.	52,950		634,359
Shizuoka Bank Ltd.	78,274		674,433
Showa Denko KK	149,336		353,165
Showa Shell Sekiyu KK	24,300		234,769
Skylark Co. Ltd.	15,551		242,754
Common Stocks - continued
	Shares		Value
Japan - continued
SMC Corp.	7,171		$ 759,198
Softbank Corp.	32,310		1,157,996
Softbank Investment Corp.	625		205,668
Sojitz Holdings Corp. (a)	16,000		62,037
Sompo Japan Insurance, Inc.	109,712		1,109,233
Sony Corp.	126,785		4,725,277
Stanley Electric Co. Ltd.	20,825		322,600
Sumitomo Bakelite Co. Ltd.	43,000		267,234
Sumitomo Chemical Co. Ltd.	185,334		866,400
Sumitomo Corp.	139,842		1,116,475
Sumitomo Electric Industries Ltd.	95,206		998,352
Sumitomo Heavy Industries Ltd.	100,822		497,200
Sumitomo Metal Industries Ltd.	549,966		927,571
Sumitomo Metal Mining Co. Ltd.	84,065		538,624
Sumitomo Mitsui Financial Group, Inc.	580		3,748,093
Sumitomo Osaka Cement Co. Ltd.	97,144		233,298
Sumitomo Realty & Development Co. Ltd.	54,000		581,601
Sumitomo Rubber Industries Ltd.	18,000		190,732
Sumitomo Trust & Banking Co. Ltd.	162,344		961,307
Suzuken Co. Ltd.	10,760		285,038
T&D Holdings, Inc.	30,550		1,528,964
Taiheiyo Cement Corp.	100,684		260,257
Taisei Corp.	135,594		448,684
Taisho Pharmaceutical Co. Ltd.	25,524		484,298
Taiyo Nippon Sanso Corp. Tokyo	33,000		164,553
Taiyo Yuden Co. Ltd.	10,000		111,370
Takara Holdings, Inc.	28,551		180,316
Takashimaya Co. Ltd.	27,000		225,958
Takeda Pharamaceutical Co. Ltd.	120,042		5,754,773
Takefuji Corp.	15,181		937,894
Takuma Co. Ltd.	3,000		20,734
Tanabe Seiyaku Co. Ltd.	24,000		247,490
TDK Corp.	17,425		1,265,002
Teijin Ltd.	125,341		549,179
Teikoku Oil Co. Ltd.	45,000		303,175
Terumo Corp.	22,512		591,197
The Daimaru, Inc.	29,000		248,012
The Goodwill Group, Inc.	25		46,290
The Suruga Bank Ltd.	29,000		236,050
THK Co. Ltd.	11,600		233,924
TIS, Inc.	5,600		183,766
Tobu Railway Co. Ltd.	125,297		461,700
Toda Corp.	9,762		39,819
Toho Co. Ltd.	16,554		231,857
Tohoku Electric Power Co., Inc.	64,190		1,282,677
Tokuyama Corp.	20,000		147,394
Tokyo Broadcasting System, Inc.	2,000		33,567
Tokyo Electric Power Co.	155,918		3,637,285
Tokyo Electron Ltd.	24,718		1,377,559
Tokyo Gas Co. Ltd.	352,395		1,376,045
Tokyo Steel Manufacturing Co. Ltd.	12,200		160,362
Tokyo Style Co. Ltd.	5,000		50,781
	Shares		Value
Tokyo Tatemono Co. Ltd.	22,000		$ 152,050
Tokyu Corp.	125,954		558,793
Tokyu Land Corp.	51,000		222,988
TonenGeneral Sekiyu KK	51,856		550,904
Toppan Printing Co. Ltd.	77,013		782,163
Toray Industries, Inc.	178,883		791,971
Toshiba Corp.	394,880		1,610,714
Tosoh Corp.	53,816		219,022
Toto Ltd.	55,185		436,035
Toyo Seikan Kaisha Ltd.	20,300		351,683
Toyo Suisan Kaisha Ltd.	20,000		312,570
Toyobo Co. Ltd.	85,000		192,446
Toyoda Gosei Co. Ltd.	7,500		130,963
Toyota Industries Corp.	24,986		671,054
Toyota Motor Corp.	393,251		14,100,015
Toyota Tsusho Corp.	18,000		304,082
Trend Micro, Inc.	13,000		405,150
Ube Industries Ltd.	163,605		308,928
UFJ Holdings, Inc. (a)	520		2,626,323
Uni-Charm Corp.	4,360		176,645
Uniden Corp.	4,000		59,984
UNY Co. Ltd.	30,000		325,036
Ushio, Inc.	16,000		307,987
USS Co. Ltd.	2,400		150,474
Wacoal Corp.	21,000		278,728
West Japan Railway Co.	234		795,762
World Co. Ltd.	9,200		301,057
Yahoo! Japan Corp.	563		1,130,175
Yakult Honsha Co. Ltd.	12,066		221,754
Yamada Denki Co. Ltd.	10,525		571,133
Yamaha Corp.	26,143		380,779
Yamaha Motor Co. Ltd.	28,700		522,988
Yamato Transport Co. Ltd.	59,232		825,265
Yamazaki Baking Co. Ltd.	8,000		68,564
Yaskawa Electric Corp.	20,000		112,745
Yokogawa Electric Corp.	35,000		431,824
Zeon Corp.	25,000		216,783
TOTAL JAPAN			262,766,961
Luxembourg - 0.1%
Arcelor SA	69,290		1,380,437
Oriflame Cosmetics SA unit	2,300		46,830
Stolt Offshore SA (a)	31,600		241,782
Stolt-Nielsen SA	3,950		132,148
TOTAL LUXEMBOURG			1,801,197
Netherlands - 4.9%
ABN-AMRO Holding NV	237,151		5,525,618
Aegon NV	193,374		2,472,367
Akzo Nobel NV	37,028		1,453,973
ASML Holding NV (a)	60,169		969,924
Buhrmann NV	12,785		117,208
Corio NV	5,252		290,117
DSM NV	11,082		742,532
Common Stocks - continued
	Shares		Value
Netherlands - continued
EADS NV	31,533		$ 932,434
Euronext NV	15,281		516,171
Getronics NV	92,596		151,546
Hagemeyer NV (a)	81,351		193,205
Heineken NV (Bearer)	30,119		954,741
IHC Caland NV	3,841		246,253
ING Groep NV (Certificaten Van Aandelen)	252,965		7,014,719
James Hardie Industries NV	86,321		438,045
Koninklijke Ahold NV (a)	221,874		1,686,242
Koninklijke KPN NV	301,517		2,393,155
Koninklijke Numico NV (Certificaten Van Aandelen) (a)	20,723		826,477
Koninklijke Philips Electronics NV	181,981		4,662,353
Oce NV	18,965		274,914
QIAGEN NV (a)	18,885		228,206
Randstad Holdings NV	8,713		311,575
Reed Elsevier NV	91,504		1,264,501
Rodamco Europe NV	6,106		469,609
Royal Dutch Petroleum Co. (Hague Registry)	281,914		16,514,522
STMicroelectronics NV	83,230		1,295,891
TNT NV	49,798		1,271,538
Unilever NV (Certificaten Van Aandelen)	77,997		5,173,279
Vedior NV (Certificaten Van Aandelen)	27,506		390,262
VNU NV	31,364		852,563
Wereldhave NV	3,105		316,176
Wolters Kluwer NV (Certificaten Van Aandelen)	35,562		624,029
TOTAL NETHERLANDS			60,574,145
New Zealand - 0.2%
Auckland International Airport Ltd.	169,844		245,014
Carter Holt Harvey Ltd.	178,794		225,213
Contact Energy Ltd.	45,065		223,571
Fisher & Paykel Appliances Holdings Ltd.	11,536		25,165
Fisher & Paykel Healthcare Corp.	23,595		49,645
Fletcher Building Ltd.	56,191		247,135
Independent Newspapers Ltd.	6,073		26,624
Kiwi Income Property Trust	135,107		95,075
NGC Holdings Ltd.	6,548		15,344
Sky City Entertainment Group Ltd.	48,532		146,853
Sky Network Television Ltd.	4,797		22,279
Telecom Corp. of New Zealand Ltd.	234,735		984,126
The Warehouse Group Ltd.	10,165		23,319
Tower Ltd. (a)	15,726		23,018
Waste Management NZ Ltd.	7,286		31,583
TOTAL NEW ZEALAND			2,383,964
Norway - 0.6%
DnB NOR ASA	91,959		890,192
Norsk Hydro ASA	21,037		1,710,518
Norske Skogindustrier AS (A Shares)	16,800		258,255
	Shares		Value
Orkla ASA (A Shares)	27,619		$ 941,110
Petroleum Geo-Services ASA (a)	2,930		198,770
ProSafe ASA	3,600		108,172
Schibsted ASA (B Shares)	3,200		84,505
Smedvig ASA (A Shares)	1,800		31,573
Statoil ASA	93,928		1,643,929
Storebrand ASA (A Shares)	28,850		240,178
TANDBERG ASA	25,950		277,329
TANDBERG Television ASA (a)	9,500		108,884
Telenor ASA	116,808		931,729
Tomra Systems AS	11,500		49,517
Yara International ASA (a)	30,617		452,872
TOTAL NORWAY			7,927,533
Portugal - 0.3%
Banco Comercial Portugues SA (Reg.)	274,079		708,263
Banco Espirito Santo SA (BES) (Reg.)	21,873		343,177
BPI-SGPS SA	21,657		81,816
Brisa Auto-Estradas de Portugal SA	49,914		388,799
Cimpor-Cimentos de Portugal SGPS SA	31,922		170,875
Energias de Portugal SA	261,522		662,941
Jeronimo Martins SGPS SA	1,860		25,978
Portugal Telecom SGPS SA (Reg.)	102,874		1,050,710
PT Multimedia SGPS SA	2,154		45,776
Sonae SGPS SA	169,057		247,559
TOTAL PORTUGAL			3,725,894
Singapore - 0.9%
Allgreen Properties Ltd.	15,000		9,719
Ascendas Real Estate Investment Trust (A-REIT)	207,100		269,623
CapitaLand Ltd.	224,000		311,783
CapitaMall Trust	139,000		198,476
Chartered Semiconductor Manufacturing Ltd. (a)	48,800		35,426
City Developments Ltd.	49,000		201,374
ComfortDelgro Corp. Ltd.	232,784		237,421
Cosco Investment (Singapore) Ltd.	58,000		63,679
Creative Technology Ltd. (Singapore)	3,000		23,938
Datacraft Asia Ltd. (a)	11,000		11,770
DBS Group Holdings Ltd.	152,361		1,270,589
Fraser & Neave Ltd.	19,630		184,900
Haw Par Corp. Ltd.	6,000		19,078
Jardine Cycle & Carriage Ltd.	19,272		142,216
Keppel Corp. Ltd.	92,000		640,269
Keppel Land Ltd.	26,000		35,565
Neptune Orient Lines Ltd.	105,000		210,403
Olam International Ltd.	211,000		116,463
Oversea-Chinese Banking Corp. Ltd.	139,987		1,167,398
Overseas Union Enterprises Ltd.	6,000		30,058
Parkway Holdings Ltd.	22,000		23,758
SembCorp Industries Ltd.	138,130		188,118
SembCorp Logistics Ltd.	16,784		17,521
Sembcorp Marine Ltd.	24,000		30,238
Common Stocks - continued
	Shares		Value
Singapore - continued
Singapore Airlines Ltd.	81,170		$ 560,028
Singapore Exchange Ltd.	54,000		61,555
Singapore Land Ltd.	6,000		18,719
Singapore Petroleum Co. Ltd.	24,000		59,323
Singapore Post Ltd.	269,000		148,476
Singapore Press Holdings Ltd.	184,021		476,944
Singapore Technologies Engineering Ltd.	152,161		219,094
Singapore Telecommunications Ltd.	924,187		1,441,616
SMRT Corp. Ltd.	112,000		71,898
STATS ChipPAC Ltd. (a)	183,000		132,847
Suntec (REIT)	300,000		228,582
United Overseas Bank Ltd.	149,846		1,285,576
United Overseas Land Ltd.	15,000		19,798
Venture Corp. Ltd.	30,808		277,250
Want Want Holdings Ltd.	53,000		62,540
Wing Tai Holdings Ltd.	39,000		20,824
TOTAL SINGAPORE			10,524,853
Spain - 3.9%
Abertis Infraestructuras SA	28,493		636,026
Acerinox SA (Reg.)	26,196		378,122
Actividades de Construccion y Servicios SA (ACS)	35,320		938,801
Aguas de Barcelona SA	11,232		226,259
Altadis SA (Spain)	38,926		1,596,041
Amadeus Global Travel Distribution SA Series A	52,540		473,261
Antena 3 Television SA	14,272		285,389
Azucarera Ebro Agricolas SA	8,948		160,980
Banco Bilbao Vizcaya Argentaria SA	463,220		7,267,922
Banco Popular Espanol SA (Reg.)	24,173		1,439,413
Banco Santander Central Hispano SA	810,861		9,300,576
Cintra Concesiones de Infrastructuras de Transporte SA	28,817		314,182
Corporacion Mapfre SA (Reg.)	16,065		234,062
Endesa SA	129,033		2,819,371
Fomento Construcciones y Contratas SA (FOCSA)	6,383		351,729
Gas Natural SDG SA Series E	22,706		636,493
Grupo Acciona SA	3,541		324,625
Grupo Auxiliar Metalurgico SA (Gamesa)	8,091		109,520
Grupo Ferrovial SA	9,779		602,279
Iberdrola SA	108,835		2,778,983
Iberia Lineas Aereas de Espana SA	53,405		168,894
Inditex SA	27,213		771,540
Indra Sistemas SA	24,240		442,954
Inmobiliaria Colonial	3,441		178,138
Metrovacesa SA	6,298		381,920
Metrovacesa SA New	314		19,041
NH Hoteles SA	8,457		107,398
Promotora de Informaciones SA (PRISA)	11,702		229,390
Repsol YPF SA	122,781		3,076,892
	Shares		Value
Sogecable SA (a)	3,747		$ 136,851
Sogecable SA rights 7/6/05 (a)	3,747		1,568
Telefonica Publicidad e Informacion SA	24,682		208,355
Telefonica SA	601,345		10,110,614
Union Fenosa SA	31,785		956,705
Vallehermoso SA	11,017		222,199
Zeltia SA	33,770		272,190
TOTAL SPAIN			48,158,683
Sweden - 2.4%
Alfa Laval AB	11,300		170,089
Assa Abloy AB (B Shares)	47,043		618,005
Atlas Copco AB:
(A Shares)	47,280		721,197
(B Shares)	30,855		433,333
Axfood AB	1,200		29,836
Billerud AB	2,900		34,882
Capio AB (a)	5,454		85,759
Castellum AB	7,500		289,283
D. Carnegie & Co. AB	4,190		43,078
Electrolux AB (B Shares)	41,069		896,908
Elekta AB (B Shares) (a)	2,098		79,230
Eniro AB	24,815		282,640
Fabege AB (NEW)	12,765		257,331
Gambro AB:
(A Shares)	20,900		276,671
(B Shares)	22,400		298,032
Getinge AB (B Shares)	22,000		319,321
Hennes & Mauritz AB (H&M) (B Shares)	63,821		2,255,795
Hoganas AB (A Shares)	5,300		139,609
Holmen AB (B Shares)	7,300		196,215
Lundin Petroleum AB (a)	28,400		205,153
Modern Times Group AB (MTG) (B Shares) (a)	10,400		320,073
Nordea Bank AB	287,773		2,629,901
OMX AB (a)	5,500		66,340
Sandvik AB	26,866		1,059,721
SAS AB (a)	3,600		32,416
Scania AB (B Shares)	14,504		529,222
Securitas AB (B Shares)	39,108		651,730
Skandia Foersaekrings AB	144,248		794,830
Skandinaviska Enskilda Banken AB (A Shares)	58,375		1,004,193
Skanska AB (B Shares)	60,869		762,826
SKF AB (B Shares)	44,000		452,371
SSAB Swedish Steel AB:
(A Shares)	3,800		92,436
(A Shares) rights 5/26/05 (a)	3,800		1,481
(B Shares)	7,800		183,448
(B Shares) rights 5/26/05 (a)	7,800		3,669
Svenska Cellulosa AB (SCA) (B Shares)	27,304		928,383
Svenska Handelsbanken AB (A Shares)	69,064		1,494,369
Swedish Match Co.	46,250		529,891
TELE2 AB (B Shares)	49,959		478,387
Common Stocks - continued
	Shares		Value
Sweden - continued
Telefonaktiebolaget LM Ericsson (B Shares)	2,021,673		$ 6,354,118
Telelogic AB (a)	49,000		110,633
TeliaSonera AB	267,135		1,317,581
TeliaSonera AB rights 6/14/05 (a)	267,135		25,490
Trelleborg AB (B Shares)	9,000		139,703
Volvo AB:
(A Shares)	13,940		548,922
(B Shares)	31,522		1,283,621
Wihlborgs Fastigheter AB (a)	2,553		60,044
WM-Data AB (B Shares)	13,000		33,894
TOTAL SWEDEN			29,522,060
Switzerland - 6.8%
ABB Ltd. (Reg.) (a)	269,310		1,758,292
Adecco SA	16,302		771,808
Ciba Specialty Chemicals, Inc.	11,006		654,647
Clariant AG (Reg.)	37,465		525,224
Compagnie Financiere Richemont unit	72,950		2,220,700
Credit Suisse Group (Reg.)	162,372		6,502,999
Geberit AG (Reg.)	431		283,121
Givaudan AG	1,168		695,672
Holcim Ltd. (Reg.)	22,555		1,371,405
Kudelski SA (Bearer)	4,500		158,435
Kuoni Reisen Holding AG Class B (Reg.)	240		95,169
Logitech International SA (Reg.) (a)	7,699		457,327
Lonza Group AG	5,784		353,073
Micronas Semiconductor Holding AG (a)	3,473		130,067
Nestle SA (Reg.)	56,054		14,751,053
Nobel Biocare Holding AG (Switzerland)	3,589		715,615
Novartis AG (Reg.)	328,006		16,016,533
Phonak Holding AG	5,068		185,944
PSP Swiss Property AG	2,444		107,780
Rieter Holding AG (Reg.)	823		222,842
Roche Holding AG (participation certificate)	97,153		12,250,166
Schindler Holding AG	688		247,191
Serono SA Series B	1,010		616,130
SIG Holding AG	505		107,408
Societe Generale de Surveillance Holding SA (SGS) (Reg.)	729		511,871
Straumann Holding AG	751		151,307
Sulzer AG (Reg.)	305		126,686
Swiss Reinsurance Co. (Reg.)	44,578		2,760,458
Swisscom AG (Reg.)	3,640		1,218,874
Syngenta AG (Switzerland)	15,630		1,618,969
The Swatch Group AG:
(Bearer)	4,526		598,246
(Reg.)	12,039		329,353
UBS AG (Reg.)	147,963		11,444,938
Unaxis Holding AG (Reg.)	2,479		347,533
	Shares		Value
Valora Holding AG	715		$ 156,941
Zurich Financial Services AG	18,950		3,149,984
TOTAL SWITZERLAND			83,613,761
United Kingdom - 24.5%
3i Group PLC	85,940		1,079,857
Aegis Group PLC	170,932		302,836
Aggreko PLC	43,472		153,444
Alliance Unichem PLC	31,578		472,527
AMEC PLC	51,507		314,474
Amvescap PLC	105,080		615,784
Anglo American PLC (United Kingdom)	193,546		4,614,205
ARM Holdings PLC	204,390		401,109
Arriva PLC	21,148		204,437
Associated British Ports Holdings PLC	33,528		297,155
AstraZeneca PLC (United Kingdom)	222,068		9,442,331
Aviva PLC	324,596		3,633,312
BAA PLC	146,306		1,654,933
BAE Systems PLC	429,854		2,103,079
Balfour Beatty PLC	68,552		402,659
Barclays PLC	872,100		8,345,997
Barratt Developments PLC	41,107		492,244
BBA Group PLC	68,695		374,477
Bellway PLC	10,773		166,784
Berkeley Group Holdings PLC unit	21,080		315,820
BG Group PLC	482,881		3,656,744
BHP Billiton PLC	341,319		4,118,199
BOC Group PLC	62,146		1,136,031
Boots Group PLC	93,282		1,027,187
Bovis Homes Group PLC	11,179		138,943
BP PLC	2,918,759		29,284,894
BPB PLC	65,556		611,095
Brambles Industries PLC	106,842		584,369
Britannic Group PLC	19,545		181,128
British Airways PLC (a)	71,359		355,286
British American Tobacco PLC	215,428		4,113,598
British Land Co. PLC	71,034		1,123,606
British Sky Broadcasting Group PLC (BSkyB)	169,168		1,676,841
Brixton PLC	20,014		133,832
BT Group PLC	1,167,039		4,580,628
Bunzl PLC	64,292		628,518
Cable & Wireless PLC	302,260		735,977
Cadbury Schweppes PLC	281,293		2,739,697
Capita Group PLC	100,767		701,745
Carnival PLC	23,363		1,288,469
Cattles PLC	36,852		213,112
Centrica PLC	535,047		2,255,583
Close Brothers Group PLC	18,076		239,939
Cobham PLC	16,261		416,329
Compass Group PLC	279,207		1,100,943
Cookson Group PLC (a)	19,289		113,913
Corus Group PLC (a)	598,938		495,190
Daily Mail & General Trust PLC Class A	33,305		407,290
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Davis Service Group PLC	32,608		$ 262,190
De La Rue PLC	44,212		304,078
Diageo PLC	406,594		5,907,811
Dixons Group PLC	286,173		785,207
Eircom Group PLC	81,282		185,040
Electrocomponents PLC	71,601		339,252
EMAP PLC	40,012		584,918
EMI Group PLC	116,688		528,494
Enterprise Inns PLC	46,174		651,505
Exel PLC	39,506		609,107
First Choice Holidays PLC	46,831		153,813
FirstGroup PLC	41,821		241,278
FKI PLC	137,084		240,377
Friends Provident PLC	280,177		888,396
Gallaher Group PLC	85,938		1,323,230
George Wimpey PLC	61,706		477,376
GKN PLC	113,954		521,806
GlaxoSmithKline PLC	796,647		19,796,678
Great Portland Estates PLC	24,961		163,284
Group 4 Securicor PLC (United Kingdom)	148,450		370,904
GUS PLC	142,867		2,197,545
Hammerson PLC	37,534		618,602
Hanson PLC	99,393		917,484
Hays PLC	247,439		558,655
HBOS PLC	534,098		7,768,928
Hilton Group PLC	209,624		1,082,730
HMV Group PLC	36,077		149,303
HSBC Holdings PLC (United Kingdom) (Reg.)	1,521,881		24,155,295
Icap PLC	58,215		290,902
IMI PLC	41,120		308,030
Imperial Chemical Industries PLC	150,892		697,118
Imperial Tobacco Group PLC	98,054		2,653,010
Inchcape PLC	10,881		387,133
Intercontinental Hotels Group PLC	80,862		936,706
International Power PLC	216,584		761,529
Intertek Group PLC	15,417		211,648
Invensys PLC (a)	974,020		199,113
iSoft Group PLC	21,129		153,958
ITV PLC	547,570		1,139,263
J. Sainsbury PLC	182,038		945,207
Johnson Matthey PLC	28,405		505,308
Kelda Group PLC	48,374		566,079
Kesa Electricals PLC	84,921		413,551
Kingfisher PLC	310,014		1,447,749
Land Securities Group PLC	59,965		1,555,983
Legal & General Group PLC	880,501		1,735,955
Liberty International PLC	35,864		637,348
Lloyds TSB Group PLC	760,840		6,262,826
LogicaCMG PLC	96,344		297,613
London Stock Exchange PLC	35,961		313,655
Man Group PLC	38,496		921,955
	Shares		Value
Marconi Corp. PLC (a)	31,876		$ 173,766
Marks & Spencer Group PLC	242,055		1,484,454
Meggitt PLC	79,014		419,602
MFI Furniture Group PLC	108,759		211,460
Misys PLC	52,378		205,818
Mitchells & Butlers PLC	72,566		425,907
National Express Group PLC Class L	24,250		382,261
National Grid Transco PLC	419,754		4,099,701
Next PLC	37,905		991,831
Pearson PLC	115,134		1,378,694
Peninsular & Oriental Steam Navigation Co.	108,255		610,293
Persimmon PLC	37,683		511,842
Pilkington PLC	141,779		298,203
Premier Farnell PLC	32,667		96,310
Provident Financial PLC	38,167		466,054
Prudential PLC	317,506		2,818,353
Punch Taverns Ltd.	31,150		386,030
Rank Group PLC	93,290		454,306
Reckitt Benckiser PLC	82,452		2,517,035
Reed Elsevier PLC	172,260		1,643,322
Rentokil Initial PLC	230,707		619,394
Reuters Group PLC	208,095		1,459,580
Rexam PLC	71,245		624,641
Rio Tinto PLC (Reg.)	144,250		4,292,159
Rolls-Royce Group PLC	200,463		988,059
Royal & Sun Alliance Insurance Group PLC	395,575		553,475
Royal Bank of Scotland Group PLC	431,109		12,659,230
SABMiller PLC	116,413		1,787,463
Sage Group PLC	205,842		807,917
Schroders PLC	16,758		230,818
Scottish & Newcastle PLC	112,947		976,410
Scottish & Southern Energy PLC	119,672		2,134,331
Scottish Power PLC	255,938		2,155,576
Serco Group PLC	62,072		284,233
Severn Trent PLC	43,502		799,565
Shell Transport & Trading Co. PLC (Reg.)	1,299,414		11,359,044
Signet Group PLC	264,787		494,376
Slough Estates PLC	57,689		539,333
Smith & Nephew PLC	122,426		1,219,853
Smiths Group PLC	77,519		1,239,566
SSL International PLC	16,114		81,766
Stagecoach Group PLC	148,026		297,221
Tate & Lyle PLC	65,105		560,161
Taylor Woodrow PLC	84,063		483,838
Tesco PLC	1,056,439		6,008,521
TI Automotive Ltd. (a)	22,478		0
Tomkins PLC	122,243		598,079
Travis Perkins PLC	13,435		427,223
Trinity Mirror PLC	35,722		404,392
Unilever PLC	374,961		3,699,928
United Business Media PLC	46,938		426,455
United Utilities PLC	65,197		803,223
Common Stocks - continued
	Shares		Value
United Kingdom - continued
United Utilities PLC Class A	45,705		$ 413,177
Vodafone Group PLC	8,842,514		22,265,450
Whitbread PLC	41,773		690,742
William Hill PLC	47,547		427,236
Wolseley PLC	82,123		1,681,774
WPP Group PLC	155,974		1,658,316
Yell Group PLC	92,644		688,104
TOTAL UNITED KINGDOM			300,987,346
United States of America - 0.1%
Synthes, Inc.	7,422		815,154
TOTAL COMMON STOCKS (Cost $1,145,226,297)		1,201,674,771
Nonconvertible Preferred Stocks - 0.5%
Germany - 0.3%
Fresenius Medical Care AG	4,050		248,389
Henkel KGaA	8,656		796,210
Porsche AG (non-vtg.)	1,071		744,624
ProSiebenSat.1 Media AG	15,631		258,515
RWE AG (non-vtg.)	7,200		381,864
Volkswagen AG	15,102		486,337
TOTAL GERMANY			2,915,939
Italy - 0.2%
Banca Intesa Spa (Risp)	131,341		553,069
Telecom Italia Spa (Risp)	808,844		2,139,944
TOTAL ITALY			2,693,013
Sweden - 0.0%
Atlas Copco AB:
(A Shares)	15,760		42,361
(B Shares)	10,285		27,645
TELE2 AB (B Shares)	16,653		22,269
TOTAL SWEDEN			92,275
United Kingdom - 0.0%
Rolls-Royce Group PLC Series B	8,927,850		16,628
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $4,837,690)		5,717,855
Government Obligations - 0.3%
	Principal Amount
United States of America - 0.3%
U.S. Treasury Bills, yield at date of purchase 2.71% 6/9/05 (d) (Cost $3,997,310)	$ 4,000,000		3,997,696
Money Market Funds - 3.5%
	Shares		Value
Fidelity Cash Central Fund, 3.05% (b)	41,519,703	$ 41,519,703
Fidelity Securities Lending Cash Central Fund, 3.06% (b)(c)	1,547,571		1,547,571
TOTAL MONEY MARKET FUNDS (Cost $43,067,274)		43,067,274
TOTAL INVESTMENT PORTFOLIO - 102.0% (Cost $1,197,128,571)		1,254,457,596
NET OTHER ASSETS - (2.0)%		(25,007,428)
NET ASSETS - 100%		$ 1,229,450,168

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
6 CAC 40 Index Contracts (France)	June 2005	$ 303,380	$ 5,237
59 Chicago Mercantile Exchange, Inc.	June 2005	66,987	(67,629)
2 DAX 100 Index Contracts (Germany)	June 2005	275,889	7,000
172 Dow Jones Euro Stoxx 50 Index Contracts (Germany)	June 2005	6,540,127	126,461
73 FTSE 100 Index Contracts (United Kingdom)	June 2005	6,584,662	(27,259)
1 Hang Seng 100 Index Contracts (Hong Kong)	June 2005	89,340	1,539
4 MSCI Index Contracts (Singapore)	June 2005	123,206	211
41 Nikkei 225 Index Contracts (Japan)	June 2005	2,296,000	(108,655)
60 OMX Index Contracts (Sweden)	June 2005	641,262	6,307
13 Share Price Index 200 Contracts (Australia)	June 2005	1,010,164	(33,287)
34 TOPIX 150 Index Contracts (Japan)	June 2005	$ 3,575,403	$ (159,674)
TOTAL EQUITY INDEX CONTRACTS		$ 21,506,420	$ (249,749)

The face value of futures purchased as a percentage of net assets - 1.7%

Forward Foreign Currency Contracts
	Settlement Dates	Value	Unrealized Appreciation/ (Depreciation)
Contracts to Buy
1,322,000 AUD	July 2005	$ 995,204	$ (5,324)
5,452,000 EUR	July 2005	6,718,254	(179,747)
628,495,000 JPY	July 2005	5,813,878	(86,841)
4,397,000 SEK	July 2005	591,844	(12,119)
		$ 14,119,180	$ (284,031)

(Payable Amount $14,403,211)

The value of contracts to buy as a percentage of net assets - 1.1%

Currency Abbreviations
AUD	-	Australian dollar
EUR	-	European Monetary Unit
JPY	-	Japanese yen
SEK	-	Swedish krona

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete listing of the fund's holdings as of its most recent quarter end is available upon request.

(c) Investment made with cash collateral received from securities on loan.

(d) 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 $3,997,696.

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $1,218,693,471. Net unrealized appreciation aggregated $35,764,125, of which $139,873,341 related to appreciated investment securities and $104,109,216 related to depreciated investment securities.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. Fidelity assumes no obligation to update or supplement the schedule to reflect any changes that may occur. This report is provided for the general information of the fund's shareholders. Click on the appropriate link to view the fund's audited schedule of investments included in its annual report or contact your investment professional to request a free copy.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Spartan ® Total Market Index Fund

May 31, 2005

1.816022.100

STI-QTLY-0705

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
CONSUMER DISCRETIONARY - 12.8%
Auto Components - 0.3%
Aftermarket Technology Corp. (a)	11,055		$ 169,584
American Axle & Manufacturing Holdings, Inc.	8,765		181,436
ArvinMeritor, Inc.	17,066		245,750
Bandag, Inc.	4,123		190,812
BorgWarner, Inc.	11,022		589,236
Cooper Tire & Rubber Co.	17,837		339,616
Dana Corp.	34,413		466,296
Delphi Corp.	99,187		431,463
Drew Industries, Inc. (a)	3,776		154,816
Dura Automotive Systems, Inc. Class A (sub. vtg.) (a)	3,788		16,175
GenTek, Inc.	3,519		38,392
Gentex Corp.	36,756		657,197
Goodyear Tire & Rubber Co. (a)	36,752		528,861
Hayes Lemmerz International, Inc. (a)	10,596		68,874
IMPCO Technologies, Inc. (a)	3,000		9,960
Johnson Controls, Inc.	43,569		2,468,620
Keystone Automotive Industries, Inc. (a)	2,721		53,713
Lear Corp.	16,190		610,363
LKQ Corp. (a)	2,617		64,954
Midas, Inc. (a)	1,400		32,900
Modine Manufacturing Co.	6,000		182,400
Quantum Fuel Systems Technologies Worldwide, Inc. (a)	15,342		65,204
Raytech Corp.	11,445		17,740
Sauer-Danfoss, Inc.	7,425		145,901
Spartan Motors, Inc.	3,200		34,368
Sports Resorts International, Inc. (a)	7,638		10,464
Standard Motor Products, Inc.	4,236		47,740
Stoneridge, Inc. (a)	3,200		25,024
Strattec Security Corp. (a)	654		33,112
Superior Industries International, Inc.	3,800		86,070
Tenneco Automotive, Inc. (a)	6,360		95,400
TRW Automotive Holdings Corp. (a)	4,855		98,896
Visteon Corp.	20,475		156,224
Zapata Corp. (a)	880		5,694
			8,323,255
Automobiles - 0.4%
Coachmen Industries, Inc.	3,261		39,947
Fleetwood Enterprises, Inc. (a)	6,099		58,367
Ford Motor Co.	390,607		3,898,258
General Motors Corp.	106,873		3,369,706
Harley-Davidson, Inc.	63,815		3,128,849
Monaco Coach Corp.	4,738		77,751
National R.V. Holdings, Inc. (a)	300		2,661
Thor Industries, Inc.	11,649		353,664
Winnebago Industries, Inc.	8,659		283,063
			11,212,266
Distributors - 0.1%
All American Semiconductor, Inc. (a)	3,800		18,202
	Shares		Value
Audiovox Corp. Class A (a)	3,500		$ 51,205
Building Material Holding Corp.	3,005		186,400
Earle M. Jorgensen Co.	5,800		48,430
Genuine Parts Co.	37,869		1,626,852
Handleman Co.	8,496		154,202
Prestige Brands Holdings, Inc.	4,642		78,914
Source Interlink Companies, Inc. (a)	4,300		41,925
			2,206,130
Diversified Consumer Services - 0.4%
Alderwoods Group, Inc. (a)	16,352		226,475
Apollo Group, Inc. Class A (a)	32,591		2,558,394
Bright Horizons Family Solutions, Inc. (a)	11,227		415,511
Career Education Corp. (a)	25,033		867,894
Corinthian Colleges, Inc. (a)	20,140		311,364
CPI Corp.	2,000		36,400
DeVry, Inc. (a)	14,744		302,989
Educate, Inc.	4,692		59,025
Education Management Corp. (a)	12,359		401,050
EVCI Career Colleges, Inc. (a)	2,100		10,479
Greg Manning Auctions, Inc. (a)	12,044		114,779
H&R Block, Inc.	32,059		1,600,385
ITT Educational Services, Inc. (a)	10,100		458,439
Jackson Hewitt Tax Service, Inc.	6,376		131,983
Laureate Education, Inc. (a)	9,342		436,271
Learning Care Group, Inc. (a)	900		3,330
Mace Security International, Inc. (a)	1,100		2,915
Nobel Learning Communities, Inc. (a)	1,000		8,750
Pre-Paid Legal Services, Inc.	2,919		109,959
Princeton Review, Inc. (a)	14,522		79,435
Regis Corp.	7,865		297,140
Service Corp. International (SCI)	70,880		537,270
ServiceMaster Co.	59,535		773,955
Sothebys Holdings, Inc. Class A (ltd. vtg.) (a)	12,060		169,202
Stewart Enterprises, Inc. Class A	14,200		84,064
Strayer Education, Inc.	3,326		289,362
Universal Technical Institute, Inc. (a)	4,021		122,842
Vertrue, Inc. (a)	2,400		90,720
Weight Watchers International, Inc. (a)	7,953		386,913
			10,887,295
Hotels, Restaurants & Leisure - 1.8%
AFC Enterprises, Inc. (a)	11,772		300,186
Alliance Gaming Corp. (a)	12,091		157,062
Ambassadors Group, Inc.	5,383		194,595
Ameristar Casinos, Inc.	4,900		251,566
Applebee's International, Inc.	15,846		432,120
Argosy Gaming Co. (a)	7,993		370,635
Aztar Corp. (a)	8,919		284,873
Bally Total Fitness Holding Corp. (a)	6,262		19,036
BJ's Restaurants, Inc. (a)	2,100		38,640
Bluegreen Corp. (a)	900		15,174
Bob Evans Farms, Inc.	5,500		128,700
Boyd Gaming Corp.	10,400		549,744
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Brinker International, Inc. (a)	20,925		$ 787,199
Buca, Inc. (a)	3,878		19,778
Caesars Entertainment, Inc. (a)	55,925		1,205,184
California Pizza Kitchen, Inc. (a)	3,723		89,352
Carnival Corp. unit	93,316		4,936,416
CBRL Group, Inc.	9,003		366,602
CEC Entertainment, Inc. (a)	9,020		365,761
Cedar Fair LP (depository unit)	6,754		209,712
Champps Entertainment, Inc. (a)	1,600		12,880
Choice Hotels International, Inc.	3,560		233,536
Churchill Downs, Inc.	2,200		94,732
CKE Restaurants, Inc.	10,567		174,356
Darden Restaurants, Inc.	31,567		1,025,296
Dave & Buster's, Inc. (a)	3,344		60,058
Domino's Pizza, Inc.	8,100		185,409
Dover Downs Gaming & Entertainment, Inc.	980		11,593
Dover Motorsports, Inc.	9,735		56,074
Empire Resorts, Inc. (a)	12,943		61,479
Fox & Hound Restaurant Group (a)	2,700		33,210
Gaylord Entertainment Co. (a)	8,899		374,025
Great Wolf Resorts, Inc.	11,129		245,283
GTECH Holdings Corp.	23,224		655,846
Harrah's Entertainment, Inc.	24,465		1,756,832
Hilton Hotels Corp.	79,574		1,928,078
IHOP Corp.	3,412		162,445
International Game Technology	77,946		2,196,518
International Speedway Corp. Class A	7,982		436,296
Interstate Hotels & Resorts, Inc. (a)	156		718
Isle of Capri Casinos, Inc. (a)	6,200		154,256
Jack in the Box, Inc. (a)	8,612		357,226
Krispy Kreme Doughnuts, Inc. (a)	10,025		81,102
La Quinta Corp. unit (a)	44,251		383,656
Landry's Seafood Restaurants, Inc.	4,001		119,910
Las Vegas Sands Corp.	5,090		184,563
Life Time Fitness, Inc.	9,702		276,313
Littlefield Corp. (a)	2,100		1,407
Lodgian, Inc.:
Class A warrants 11/27/07 (a)	2		0
Class B warrants 11/25/09 (a)	8		0
Lone Star Steakhouse & Saloon, Inc.	4,300		129,903
Marcus Corp.	2,746		60,494
Marriott International, Inc. Class A	39,315		2,655,335
McDonald's Corp.	276,947		8,568,740
MGM MIRAGE (a)	26,824		1,021,726
Monarch Casino & Resort, Inc. (a)	4,679		94,048
MTR Gaming Group, Inc. (a)	5,600		57,456
Multimedia Games, Inc. (a)	4,312		46,009
Navigant International, Inc. (a)	3,100		39,246
O'Charleys, Inc. (a)	3,850		71,495
Outback Steakhouse, Inc.	16,819		744,241
	Shares		Value
P.F. Chang's China Bistro, Inc. (a)	8,419		$ 498,994
Panera Bread Co. Class A (a)	8,925		564,060
Papa John's International, Inc. (a)	3,500		136,500
Penn National Gaming, Inc. (a)	12,400		403,868
Pinnacle Entertainment, Inc. (a)	14,294		249,144
Rare Hospitality International, Inc. (a)	6,075		188,507
Red Robin Gourmet Burgers, Inc. (a)	1,748		95,930
Royal Caribbean Cruises Ltd.	23,029		1,061,867
Rubio's Restaurants, Inc. (a)	4,819		44,094
Ruby Tuesday, Inc.	13,091		331,071
Ryan's Restaurant Group, Inc. (a)	8,100		113,076
Scientific Games Corp. Class A (a)	16,034		382,090
Shuffle Master, Inc. (a)	7,449		204,103
Six Flags, Inc. (a)	12,400		54,684
Sonic Corp. (a)	13,040		443,360
SPEEDUS Corp. (a)	6,200		9,889
Speedway Motorsports, Inc.	5,900		202,370
Starbucks Corp. (a)	86,823		4,753,559
Starwood Hotels & Resorts Worldwide, Inc. unit	44,824		2,508,799
Station Casinos, Inc.	10,370		675,087
Steak n Shake Co. (a)	11,830		243,580
Texas Roadhouse, Inc. Class A	4,900		150,234
The Cheesecake Factory, Inc. (a)	15,087		532,722
Triarc Companies, Inc. Class B	6,030		86,832
Vail Resorts, Inc. (a)	4,906		134,915
Wendy's International, Inc.	23,564		1,063,443
WMS Industries, Inc. (a)	8,244		261,912
Wyndham International, Inc. Class A (a)	5,212		5,004
Wynn Resorts Ltd. (a)	14,478		678,294
Yum! Brands, Inc.	61,440		3,151,258
			54,703,371
Household Durables - 1.0%
Advanced Lighting Technologies, Inc. (a)	4,600		0
American Biltrite, Inc. (a)	400		3,760
American Greetings Corp. Class A	14,094		366,162
Applica, Inc. (a)	3,200		9,152
Avatar Holdings, Inc. (a)	1,645		78,796
Bassett Furniture Industries, Inc.	1,800		35,154
Beazer Homes USA, Inc.	8,313		444,413
Black & Decker Corp.	16,870		1,473,088
Blount International, Inc. (a)	8,403		148,397
Blyth, Inc.	9,084		257,441
Boston Acoustics, Inc.	100		1,486
Brillian Corp. (a)	375		1,170
Brookfield Homes Corp.	5,874		269,382
California Coastal Communities, Inc. (a)	5,563		164,609
Cavco Industries, Inc. (a)	750		20,183
Centex Corp.	26,198		1,715,445
Champion Enterprises, Inc. (a)	20,045		195,038
Cobra Electronics Corp. (a)	1,200		8,520
Craftmade International, Inc.	1,700		28,371
CSS Industries, Inc.	1,556		47,925
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Household Durables - continued
D.R. Horton, Inc.	62,266		$ 2,152,536
Department 56, Inc. (a)	2,200		24,552
Dixie Group, Inc. (a)	2,900		42,978
Dominion Homes, Inc. (a)	300		4,659
Enesco Group, Inc. (a)	4,629		17,822
Ethan Allen Interiors, Inc.	7,178		223,954
Fedders Corp.	3,300		7,326
Flexsteel Industries, Inc.	1,700		23,817
Foamex International, Inc. (a)	5,300		8,109
Fortune Brands, Inc.	29,907		2,586,956
Furniture Brands International, Inc.	10,345		208,038
Harman International Industries, Inc.	15,017		1,244,309
Helen of Troy Ltd. (a)	4,390		101,409
Hovnanian Enterprises, Inc. Class A (a)	9,144		567,842
Interface, Inc. Class A (a)	9,800		74,970
Jarden Corp. (a)	6,959		354,074
Juno Lighting, Inc.	1,500		60,000
KB Home	15,082		1,018,638
Kimball International, Inc. Class B	4,000		49,200
Koss Corp.	1,300		22,152
La-Z-Boy, Inc.	7,662		102,288
Leggett & Platt, Inc.	40,762		1,085,900
Lennar Corp. Class A	27,973		1,622,714
Levitt Corp. Class A	2,250		64,800
Libbey, Inc.	1,691		32,214
Lifetime Hoan Corp.	300		5,118
M.D.C. Holdings, Inc.	6,672		481,785
M/I Homes, Inc.	2,316		116,912
Maytag Corp.	13,362		194,952
Meritage Homes Corp. (a)	5,902		429,193
Mestek, Inc. (a)	300		7,719
MITY Enterprises, Inc. (a)	2,300		33,810
Mohawk Industries, Inc. (a)	11,266		939,810
National Presto Industries, Inc.	1,000		42,850
Newell Rubbermaid, Inc.	56,911		1,297,002
NVR, Inc. (a)	1,082		821,238
Oneida Ltd. (a)	400		940
Orleans Homebuilders, Inc.	3,334		74,682
Palm Harbor Homes, Inc. (a)	4,917		92,095
Pulte Homes, Inc.	21,898		1,674,102
Rockford Corp. (a)	2,500		6,525
Russ Berrie & Co., Inc.	2,935		38,184
Ryland Group, Inc.	8,727		597,800
Salton, Inc. (a)	1,800		1,872
Skyline Corp.	1,289		50,400
Snap-On, Inc.	10,615		366,324
Standard Pacific Corp.	6,694		536,323
Stanley Furniture Co., Inc.	1,100		46,475
Tempur-Pedic International, Inc. (a)	10,052		234,513
The Rowe Companies (a)	1,000		3,860
The Stanley Works	16,454		734,013
	Shares		Value
Toll Brothers, Inc. (a)	10,826		$ 1,002,379
Tupperware Corp.	14,481		327,271
Universal Electronics, Inc. (a)	3,400		56,712
Virco Manufacturing Co. (a)	2,613		18,814
WCI Communities, Inc. (a)	8,795		262,971
Whirlpool Corp.	14,697		1,011,154
William Lyon Homes, Inc. (a)	2,009		180,810
Yankee Candle Co., Inc.	11,874		374,625
			29,032,982
Internet & Catalog Retail - 0.5%
1-800 CONTACTS, Inc. (a)	2,129		41,601
1-800-FLOWERS.com, Inc. Class A (a)	23,580		174,728
Alloy, Inc. (a)	5,800		29,812
Amazon.com, Inc. (a)	69,348		2,462,547
Audible, Inc. (a)	1,300		21,567
Blair Corp.	400		15,620
Blue Nile, Inc.	713		21,312
Bluefly, Inc. (a)	2,800		4,592
Coldwater Creek, Inc. (a)	7,795		175,154
Drugstore.com, Inc. (a)	7,303		25,122
eBay, Inc. (a)	218,851		8,318,527
eCost.com, Inc.	603		1,907
GSI Commerce, Inc. (a)	5,379		79,824
Hollywood Media Corp. (a)	1,200		5,568
IAC/InterActiveCorp (a)	117,207		2,871,572
Insight Enterprises, Inc. (a)	11,400		223,212
J. Jill Group, Inc. (a)	3,147		40,124
MediaBay, Inc. (a)	800		432
Netflix, Inc. (a)	9,557		136,570
Overstock.com, Inc. (a)	2,492		95,419
PC Mall, Inc. (a)	500		2,475
Priceline.com, Inc. (a)	5,439		130,264
Stamps.com, Inc. (a)	4,062		90,826
Systemax, Inc. (a)	6,390		40,704
ValueVision Media, Inc. Class A (a)	5,600		53,872
			15,063,351
Leisure Equipment & Products - 0.3%
Action Performance Companies, Inc.	2,500		23,275
Adams Golf, Inc. (a)	400		464
Arctic Cat, Inc.	5,000		108,000
Boyds Collection, Ltd. (a)	4,962		10,867
Brunswick Corp.	19,316		831,361
Callaway Golf Co.	10,800		126,252
Concord Camera Corp. (a)	3,084		4,009
Eastman Kodak Co.	64,526		1,695,743
Excelligence Learning Corp. (a)	612		3,764
Fairchild Corp. Class A (a)	7,600		17,480
Hasbro, Inc.	33,465		675,324
JAKKS Pacific, Inc. (a)	4,540		93,842
Johnson Outdoors, Inc. Class A (a)	2,300		40,273
K2, Inc. (a)	17,186		216,372
Leapfrog Enterprises, Inc. Class A (a)	4,328		47,954
Marine Products Corp.	11,437		172,699
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Leisure Equipment & Products - continued
MarineMax, Inc. (a)	2,572		$ 70,781
Marvel Enterprises, Inc. (a)	17,637		375,139
Mattel, Inc.	91,916		1,671,033
Meade Instruments Corp. (a)	2,600		7,176
Nautilus, Inc.	5,025		134,519
Oakley, Inc.	18,053		265,379
Polaris Industries, Inc.	8,328		436,970
RC2 Corp. (a)	3,021		108,877
SCP Pool Corp.	14,822		530,924
Steinway Musical Instruments, Inc. (a)	4,500		127,440
Sturm Ruger & Co., Inc.	3,560		28,978
			7,824,895
Media - 4.0%
4Kids Entertainment, Inc. (a)	2,362		44,878
ACME Communications, Inc. (a)	5,032		19,927
ADVO, Inc.	11,652		361,795
Arbitron, Inc.	7,282		293,756
Ballantyne of Omaha, Inc. (a)	100		435
Belo Corp. Series A	22,074		542,579
Brilliant Digital Entertainment, Inc. (a)	500		25
Cablevision Systems Corp. - NY Group Class A (a)	52,961		1,354,742
Carmike Cinemas, Inc.	1,494		48,869
Catalina Marketing Corp.	14,092		338,208
Charter Communications, Inc. Class A (a)	58,659		66,871
Citadel Broadcasting Corp. (a)	14,632		173,682
CKX, Inc. (a)	9,709		256,318
Clear Channel Communications, Inc.	119,321		3,487,753
Comcast Corp. Class A (a)	494,780		15,931,916
Courier Corp.	2,511		87,985
Cox Radio, Inc. Class A (a)	5,776		93,976
Crown Media Holdings, Inc. Class A (a)	8,094		76,003
Cumulus Media, Inc. Class A (a)	12,017		150,092
Dex Media, Inc.	33,874		745,905
Digital Generation Systems, Inc. (a)	18,345		19,996
Dow Jones & Co., Inc.	9,002		319,571
DreamWorks Animation SKG, Inc. Class A	9,351		274,919
E.W. Scripps Co. Class A	17,537		896,141
EchoStar Communications Corp. Class A	49,017		1,432,767
EMAK Worldwide, Inc. (a)	2,241		24,651
Emmis Communications Corp. Class A (a)	7,767		137,942
Entercom Communications Corp. Class A (a)	14,715		488,538
Entravision Communications Corp. Class A (a)	8,800		65,384
Fisher Communications, Inc. (a)	767		38,994
Gannett Co., Inc.	54,975		4,093,439
Gemstar-TV Guide International, Inc. (a)	47,394		161,140
Getty Images, Inc. (a)	9,248		692,120
	Shares		Value
Gray Television, Inc.	7,281		$ 85,552
Harris Interactive, Inc. (a)	5,250		25,883
Harte-Hanks, Inc.	15,614		457,334
Hearst-Argyle Television, Inc.	7,305		182,333
Hollinger International, Inc. Class A	17,300		160,025
Image Entertainment, Inc. (a)	700		2,807
Insight Communications, Inc. Class A (a)	6,700		75,710
Insignia Systems, Inc. (a)	2,664		2,398
Interactive Data Corp. (a)	12,096		260,427
Interep National Radio Sales, Inc. Class A (a)	2,900		1,450
Interpublic Group of Companies, Inc. (a)	88,192		1,088,289
John Wiley & Sons, Inc. Class A	12,825		496,969
Journal Communications, Inc. Class A	19,159		320,913
Journal Register Co. (a)	5,900		97,999
Knight-Ridder, Inc.	14,256		899,268
Lakes Entertainment, Inc. (a)	12,350		153,511
Lamar Advertising Co. Class A (a)	17,112		715,624
Lee Enterprises, Inc.	8,430		349,845
Liberty Corp., South Carolina	3,000		108,330
Liberty Media Corp. Class A (a)	581,843		6,045,349
Liberty Media International, Inc. Class A (a)	34,958		1,465,090
LIN TV Corp. Class A (a)	2,700		39,285
LodgeNet Entertainment Corp. (a)	2,961		50,219
Martha Stewart Living Omnimedia, Inc. Class A (a)	3,281		84,978
McGraw-Hill Companies, Inc.	81,722		3,567,983
Media General, Inc. Class A	3,532		215,805
Mediacom Communications Corp. Class A (a)	13,450		81,776
Meredith Corp.	11,468		568,813
Navarre Corp. (a)	5,800		52,200
New Frontier Media, Inc. (a)	5,000		30,000
News Corp. Class A	540,411		8,716,829
NTL, Inc. (a)	15,716		1,010,224
Omnicom Group, Inc.	40,204		3,292,306
Paxson Communications Corp. Class A (a)	8,600		6,450
Pegasus Communications Corp. Class A (a)	1,586		9,675
Penton Media, Inc. (a)	7,900		3,476
Pixar (a)	10,482		552,716
Playboy Enterprises, Inc. Class B (non-vtg.) (a)	3,722		47,158
PRIMEDIA, Inc. (a)	31,815		116,125
ProQuest Co. (a)	4,200		134,820
Pulitzer, Inc.	1,534		98,115
R.H. Donnelley Corp. (a)	7,596		467,002
Radio One, Inc. Class A (a)	22,980		290,008
Radio Unica Communications Corp. (a)	2,900		0
RCN Corp. (a)	7,500		154,950
Regal Entertainment Group Class A	10,174		202,361
Regent Communication, Inc. (a)	6,194		37,164
Rentrak Corp. (a)	600		6,030
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
Saga Communications, Inc. Class A (a)	932		$ 12,862
Salem Communications Corp. Class A (a)	1,687		30,653
Scholastic Corp. (a)	8,165		306,351
Sinclair Broadcast Group, Inc. Class A	7,200		63,432
Sirius Satellite Radio, Inc. (a)	259,226		1,565,725
Spanish Broadcasting System, Inc. Class A (a)	6,800		58,820
The DIRECTV Group, Inc. (a)	200,181		2,988,702
The McClatchy Co. Class A	4,559		314,571
The New York Times Co. Class A	32,259		1,011,965
The Reader's Digest Association, Inc. (non-vtg.)	27,395		464,071
Thomas Nelson, Inc.	6,641		154,403
Time Warner, Inc. (a)	968,415		16,850,421
TiVo, Inc. (a)	8,765		59,076
Tribune Co.	46,475		1,681,466
UnitedGlobalCom, Inc. Class A (a)	80,544		732,950
Univision Communications, Inc. Class A (a)	58,894		1,567,169
Valassis Communications, Inc. (a)	11,260		390,609
Viacom, Inc. Class B (non-vtg.)	332,568		11,403,757
Walt Disney Co.	447,208		12,271,388
Warner Music Group Corp.	3,869		63,452
Washington Post Co. Class B	1,556		1,291,480
Westwood One, Inc.	15,590		309,462
World Wrestling Entertainment, Inc. Class A	6,473		70,167
XM Satellite Radio Holdings, Inc. Class A (a)	45,594		1,464,023
Young Broadcasting, Inc. Class A (a)	3,209		18,484
			120,698,350
Multiline Retail - 1.0%
99 Cents Only Stores (a)	12,308		149,173
Big Lots, Inc. (a)	25,319		320,539
Conn's, Inc. (a)	5,901		112,650
Dillard's, Inc. Class A	19,546		467,540
Dollar General Corp.	65,696		1,288,299
Dollar Tree Stores, Inc. (a)	23,182		574,914
Family Dollar Stores, Inc.	34,853		894,677
Federated Department Stores, Inc.	37,259		2,513,120
Fred's, Inc. Class A	5,887		87,304
JCPenney Co., Inc.	54,063		2,690,175
Kohl's Corp. (a)	64,234		3,127,553
Neiman Marcus Group, Inc. Class A	9,415		909,018
Nordstrom, Inc.	24,726		1,509,275
Retail Ventures, Inc. (a)	10,272		115,765
Saks, Inc.	27,562		472,413
Sears Holdings Corp. (a)	20,170		2,958,939
ShopKo Stores, Inc. (a)	5,100		120,921
Target Corp.	180,694		9,703,268
	Shares		Value
The May Department Stores Co.	63,402		$ 2,419,420
Tuesday Morning Corp. (a)	9,086		276,124
			30,711,087
Specialty Retail - 2.6%
Aaron Rents, Inc.	8,088		182,870
Abercrombie & Fitch Co. Class A	18,619		1,067,427
AC Moore Arts & Crafts, Inc. (a)	3,100		92,256
Advance Auto Parts, Inc. (a)	14,991		888,517
Aeropostale, Inc. (a)	12,132		330,597
America's Car Mart, Inc. (a)	2,638		56,453
American Eagle Outfitters, Inc.	26,570		751,931
AnnTaylor Stores Corp. (a)	18,467		475,710
Asbury Automotive Group, Inc. (a)	3,100		45,570
AutoNation, Inc. (a)	44,932		898,640
AutoZone, Inc. (a)	14,265		1,291,268
Barnes & Noble, Inc. (a)	11,021		417,145
bebe Stores, Inc.	4,854		186,928
Bed Bath & Beyond, Inc. (a)	63,825		2,594,486
Best Buy Co., Inc.	56,708		3,086,616
Big 5 Sporting Goods Corp.	7,443		194,188
Blockbuster, Inc. Class A	34,113		311,452
Books-A-Million, Inc.	4,300		36,206
Borders Group, Inc.	15,604		394,625
Brookstone Co., Inc. (a)	7,266		146,337
Build-A-Bear Workshop, Inc.	3,944		108,066
Burlington Coat Factory Warehouse Corp.	6,625		219,619
Cabela's, Inc. Class A	7,700		159,544
Cache, Inc. (a)	2,805		36,689
CarMax, Inc. (a)	23,043		588,288
Casual Male Retail Group, Inc. (a)	6,784		47,827
Charlotte Russe Holding, Inc. (a)	4,119		49,222
Charming Shoppes, Inc. (a)	18,327		165,493
Chico's FAS, Inc. (a)	38,546		1,318,659
Christopher & Banks Corp.	5,496		100,577
Circuit City Stores, Inc.	38,748		635,080
Claire's Stores, Inc.	17,479		412,155
Cost Plus, Inc. (a)	3,425		79,666
CSK Auto Corp. (a)	7,080		119,864
Deb Shops, Inc.	1,991		60,148
Dick's Sporting Goods, Inc. (a)	10,943		395,808
Dress Barn, Inc. (a)	3,940		71,314
E Com Ventures, Inc. (a)	325		4,631
Electronics Boutique Holding Corp. (a)	3,500		207,585
Emerging Vision, Inc. (a)	3,800		532
Finish Line, Inc. Class A	6,128		122,070
Finlay Enterprises, Inc. (a)	2,500		32,450
Foot Locker, Inc.	32,519		858,827
GameStop Corp.:
Class A (a)	15,332		447,081
Class B (a)	4,682		125,665
Gap, Inc.	137,620		2,890,020
Genesco, Inc. (a)	3,841		131,554
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Goody's Family Clothing, Inc.	5,846		$ 41,507
Group 1 Automotive, Inc. (a)	3,200		85,472
Guess?, Inc. (a)	8,485		142,887
Guitar Center, Inc. (a)	7,435		423,721
Gymboree Corp. (a)	4,858		64,320
Hancock Fabrics, Inc.	1,100		6,479
Haverty Furniture Companies, Inc.	3,675		51,928
Hibbett Sporting Goods, Inc. (a)	5,091		178,796
Home Depot, Inc.	482,968		19,004,791
Hot Topic, Inc. (a)	6,951		149,238
Jo-Ann Stores, Inc. (a)	2,760		73,830
Jos. A. Bank Clothiers, Inc. (a)	2,258		89,010
Kirkland's, Inc. (a)	2,250		20,003
Limited Brands, Inc.	75,253		1,547,954
Linens 'N Things, Inc. (a)	9,324		227,226
Lithia Motors, Inc. Class A (sub. vtg.)	1,827		48,598
Lowe's Companies, Inc.	154,901		8,861,886
Major Automotive Companies, Inc. (a)	850		859
Michaels Stores, Inc.	30,512		1,284,860
Monro Muffler Brake, Inc. (a)	1,650		44,336
Mothers Work, Inc. (a)	1,000		13,630
Movie Gallery, Inc.	5,200		166,192
New York & Co., Inc.	697		12,685
O'Reilly Automotive, Inc. (a)	13,190		732,705
Office Depot, Inc. (a)	66,053		1,302,565
OfficeMax, Inc.	19,327		586,574
Pacific Sunwear of California, Inc. (a)	18,934		397,614
Party City Corp. (a)	1,200		16,044
Payless ShoeSource, Inc. (a)	27,352		460,334
PETCO Animal Supplies, Inc. (a)	7,781		234,130
PETsMART, Inc.	28,963		920,155
Pier 1 Imports, Inc.	16,312		273,878
Pomeroy IT Solutions, Inc. (a)	2,861		36,020
RadioShack Corp.	35,367		889,834
Rent-A-Center, Inc. (a)	12,948		306,350
Rent-Way, Inc. (a)	2,570		23,824
Restoration Hardware, Inc. (a)	5,009		35,464
Rex Stores Corp. (a)	2,942		41,188
Ross Stores, Inc.	31,279		881,442
Select Comfort Corp. (a)	8,182		198,823
Sharper Image Corp. (a)	1,984		26,367
Sherwin-Williams Co.	21,649		962,298
Shoe Carnival, Inc. (a)	2,589		47,456
Sonic Automotive, Inc. Class A (sub. vtg.)	7,057		150,455
Sport Chalet (a)	100		1,460
Sports Authority, Inc. (a)	3,198		102,336
Stage Stores, Inc. (a)	3,100		121,055
Staples, Inc.	164,195		3,535,118
Stein Mart, Inc. (a)	8,619		207,373
Talbots, Inc.	9,839		291,726
TBC Corp. New (a)	4,122		105,235
	Shares		Value
The Bombay Company, Inc. (a)	3,834		$ 20,435
The Buckle, Inc.	1,956		77,184
The Cato Corp. Class A (sub. vtg.)	3,646		105,224
The Children's Place Retail Stores, Inc. (a)	4,504		210,382
The Men's Wearhouse, Inc. (a)	7,944		408,083
The Pantry, Inc. (a)	4,157		160,834
The Pep Boys - Manny, Moe & Jack	11,581		154,722
Tiffany & Co., Inc.	29,803		927,767
TJX Companies, Inc.	105,022		2,408,154
Too, Inc. (a)	7,182		142,778
Toys 'R' Us, Inc. (a)	46,880		1,228,256
Tractor Supply Co. (a)	9,060		402,445
Trans World Entertainment Corp. (a)	2,900		37,700
Tweeter Home Entertainment Group, Inc. (a)	4,092		14,486
United Auto Group, Inc.	4,874		150,119
Urban Outfitters, Inc. (a)	12,400		661,416
West Marine, Inc. (a)	3,200		53,088
Wet Seal, Inc. Class A (a)	4,800		20,448
Whitehall Jewellers, Inc. (a)	800		5,800
Williams-Sonoma, Inc. (a)	19,222		756,001
Wilsons Leather Experts, Inc. (a)	3,977		23,345
YouthStream Media Networks, Inc. (a)	1,300		208
Zale Corp. (a)	11,364		354,330
			76,588,892
Textiles, Apparel & Luxury Goods - 0.4%
Ashworth, Inc. (a)	400		3,840
Brown Shoe Co., Inc.	3,100		108,810
Candies, Inc. (a)	6,400		33,984
Carter's, Inc. (a)	7,863		366,809
Cherokee, Inc.	1,848		65,271
Coach, Inc. (a)	82,109		2,384,445
Columbia Sportswear Co. (a)	2,557		115,372
Deckers Outdoor Corp. (a)	5,610		135,874
Everlast Worldwide, Inc. (a)	1,000		7,000
Fossil, Inc. (a)	6,274		133,950
Jones Apparel Group, Inc.	27,213		868,367
K-Swiss, Inc. Class A	4,824		154,850
Kellwood Co.	8,290		208,576
Kenneth Cole Productions, Inc. Class A (sub. vtg.)	3,406		102,521
Liz Claiborne, Inc.	21,110		792,681
Movado Group, Inc.	8,534		143,883
NIKE, Inc. Class B	36,454		2,996,519
Oshkosh B'Gosh, Inc. Class A	2,500		64,700
Oxford Industries, Inc.	2,650		94,764
Perry Ellis International, Inc. (a)	1,632		32,640
Phillips-Van Heusen Corp.	11,149		345,508
Polo Ralph Lauren Corp. Class A	13,140		509,175
Polymer Group, Inc.:
Class A, warrants 3/4/10 (a)	6		0
Class B, warrants 3/4/10 (a)	6		0
Quaker Fabric Corp. (a)	3,800		13,224
Quiksilver, Inc. (a)	27,162		432,419
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - continued
Reebok International Ltd.	11,036		$ 449,276
Russell Corp.	3,346		62,570
Samsonite Corp. (a)	1,446		1,142
Saucony, Inc. Class B	1,960		38,416
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	3,466		43,914
Steven Madden Ltd. (a)	2,732		48,520
Stride Rite Corp.	7,198		85,584
Superior Uniform Group, Inc.	1,000		13,850
Tarrant Apparel Group (a)	2,700		7,344
Timberland Co. Class A (a)	12,634		465,689
Unifi, Inc. (a)	6,069		19,481
Unifirst Corp.	1,100		40,260
VF Corp.	17,134		966,872
Warnaco Group, Inc. (a)	13,384		285,615
Wolverine World Wide, Inc.	16,938		389,235
			13,032,950
TOTAL CONSUMER DISCRETIONARY			380,284,824
CONSUMER STAPLES - 8.6%
Beverages - 1.9%
Anheuser-Busch Companies, Inc.	176,083		8,249,489
Boston Beer Co., Inc. Class A (a)	600		12,666
Brown-Forman Corp. Class B (non-vtg.)	9,172		546,835
Coca-Cola Bottling Co. Consolidated	921		44,669
Coca-Cola Enterprises, Inc.	51,896		1,135,484
Constellation Brands, Inc. Class A (sub. vtg.) (a)	39,818		1,107,339
Hansen Natural Corp. (a)	3,493		260,368
Molson Coors Brewing Co. Class B	13,727		802,618
National Beverage Corp.	6,246		51,217
Pepsi Bottling Group, Inc.	34,312		973,431
PepsiAmericas, Inc.	18,145		439,472
PepsiCo, Inc.	371,423		20,896,258
The Coca-Cola Co.	492,439		21,977,553
			56,497,399
Food & Staples Retailing - 2.2%
7-Eleven, Inc. (a)	8,368		249,785
Albertsons, Inc.	65,400		1,372,746
Arden Group, Inc. Class A	100		8,200
BJ's Wholesale Club, Inc. (a)	13,256		399,668
Casey's General Stores, Inc.	9,700		174,988
Central European Distribution Corp. (a)	2,633		87,811
Costco Wholesale Corp.	100,614		4,569,888
CVS Corp.	86,263		4,731,526
Ingles Markets, Inc. Class A	14,283		180,537
Kroger Co. (a)	146,635		2,459,069
Longs Drug Stores Corp.	5,400		221,616
Nash-Finch Co.	2,266		80,624
NeighborCare, Inc. (a)	11,330		340,013
	Shares		Value
Pathmark Stores, Inc. (a)	6,814		$ 60,985
Performance Food Group Co. (a)	10,696		289,434
Pricesmart, Inc. (a)	400		2,800
Rite Aid Corp. (a)	86,643		343,106
Ruddick Corp.	6,300		151,389
Safeway, Inc. (a)	95,579		2,103,694
Smart & Final, Inc. (a)	2,141		23,230
SUPERVALU, Inc.	28,407		930,613
Sysco Corp.	140,336		5,214,886
The Great Atlantic & Pacific Tea Co. (a)	4,583		114,254
Topps Co., Inc.	9,720		90,590
United Natural Foods, Inc. (a)	7,198		233,503
Wal-Mart Stores, Inc.	576,305		27,218,885
Walgreen Co.	224,861		10,195,198
Weis Markets, Inc.	5,000		183,700
Whole Foods Market, Inc.	13,502		1,606,468
Wild Oats Markets, Inc. (a)	6,075		68,283
			63,707,489
Food Products - 1.2%
Alico, Inc. (a)	200		10,300
American Italian Pasta Co. Class A	2,600		59,826
Archer-Daniels-Midland Co.	129,603		2,572,620
Bridgford Foods Corp. (a)	400		3,104
Bunge Ltd.	24,211		1,502,050
Campbell Soup Co.	54,017		1,676,148
Chiquita Brands International, Inc.	6,587		191,550
ConAgra Foods, Inc.	112,215		2,934,422
Corn Products International, Inc.	16,346		361,083
Darling International, Inc. (a)	16,316		60,696
Dean Foods Co. (a)	32,012		1,247,508
Del Monte Foods Co. (a)	39,812		415,637
Delta & Pine Land Co.	13,141		354,807
Farmer Brothers Co.	3,020		72,480
Flowers Foods, Inc.	9,722		317,423
Fresh Del Monte Produce, Inc.	6,408		186,601
Gardenburger, Inc. (a)	400		32
General Mills, Inc.	76,255		3,774,623
Gold Kist, Inc. Delaware	10,600		221,328
Green Mountain Coffee Roasters, Inc. (a)	1,900		63,213
H.J. Heinz Co.	74,527		2,710,547
Hain Celestial Group, Inc. (a)	5,368		96,624
Hershey Co.	38,966		2,502,007
Hines Horticulture, Inc. (a)	800		2,840
Hormel Foods Corp.	16,473		487,930
J&J Snack Foods Corp.	533		26,309
John B. Sanfilippo & Son, Inc. (a)	2,483		52,515
Kellogg Co.	49,466		2,250,208
Kraft Foods, Inc. Class A	57,552		1,866,987
Lancaster Colony Corp.	8,413		369,667
Lance, Inc.	5,263		93,050
M&F Worldwide Corp. (a)	500		6,395
Maui Land & Pineapple, Inc. (a)	300		12,393
McCormick & Co., Inc. (non-vtg.)	25,047		847,590
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Northland Cranberries, Inc. Class A	50		$ 17
Omega Protein Corp. (a)	6,170		43,807
Peet's Coffee & Tea, Inc. (a)	1,835		52,096
Pilgrims Pride Corp. Class B	7,164		252,531
Ralcorp Holdings, Inc.	8,895		339,255
Sanderson Farms, Inc.	3,415		129,429
Sara Lee Corp.	167,757		3,403,790
Seaboard Corp.	100		134,500
Seneca Foods Group Class A (a)	2,162		35,024
Smithfield Foods, Inc. (a)	18,932		564,742
Tasty Baking Co.	200		1,600
The J.M. Smucker Co.	12,547		624,966
Tootsie Roll Industries, Inc.	4,083		126,369
Tyson Foods, Inc. Class A	50,278		928,132
Wm. Wrigley Jr. Co.	28,891		1,972,389
			35,959,160
Household Products - 1.6%
Central Garden & Pet Co. Class A (a)	4,220		187,157
Church & Dwight Co., Inc.	14,247		515,172
Clorox Co.	44,305		2,587,855
Colgate-Palmolive Co.	115,474		5,770,236
Energizer Holdings, Inc. (a)	16,659		1,047,518
Kimberly-Clark Corp.	106,589		6,856,870
Oil-Dri Corp. of America	600		10,260
Procter & Gamble Co.	554,918		30,603,728
Spectrum Brands, Inc. (a)	5,900		218,123
WD-40 Co.	2,748		79,637
			47,876,556
Personal Products - 0.6%
Alberto-Culver Co.	18,186		806,185
Avon Products, Inc.	102,883		4,088,570
Chattem, Inc. (a)	3,200		137,280
Elizabeth Arden, Inc. (a)	4,552		95,683
Estee Lauder Companies, Inc. Class A	30,731		1,201,275
Gillette Co.	201,308		10,616,984
Inter Parfums, Inc.	4,303		76,378
Mannatech, Inc.	5,836		94,018
Nature's Sunshine Products, Inc.	700		11,529
NBTY, Inc. (a)	12,135		269,882
Nu Skin Enterprises, Inc. Class A	14,283		322,653
Playtex Products, Inc. (a)	8,800		94,864
Revlon, Inc. Class A (sub. vtg.) (a)	100,969		299,878
USANA Health Sciences, Inc. (a)	2,090		91,751
			18,206,930
Tobacco - 1.1%
Alliance One International, Inc.	13,951		89,426
Altria Group, Inc.	450,457		30,243,683
Reynolds American, Inc.	18,406		1,526,041
Star Scientific, Inc. (a)	14,579		84,558
Universal Corp.	5,248		233,011
	Shares		Value
UST, Inc.	35,573		$ 1,585,133
Vector Group Ltd.	7,952		136,377
			33,898,229
TOTAL CONSUMER STAPLES			256,145,763
ENERGY - 8.2%
Energy Equipment & Services - 1.5%
Atwood Oceanics, Inc. (a)	3,200		183,328
Baker Hughes, Inc.	69,684		3,218,704
BJ Services Co.	34,277		1,725,847
Cal Dive International, Inc. (a)	9,863		447,780
Carbo Ceramics, Inc.	1,989		142,492
Cooper Cameron Corp. (a)	11,146		658,840
Diamond Offshore Drilling, Inc.	12,088		571,158
Dril-Quip, Inc. (a)	3,228		88,286
ENSCO International, Inc.	30,797		1,025,540
FMC Technologies, Inc. (a)	12,911		407,342
Global Industries Ltd. (a)	17,511		149,719
GlobalSantaFe Corp.	45,142		1,654,003
Grant Prideco, Inc. (a)	26,441		635,113
Grey Wolf, Inc. (a)	65,083		427,595
Gulf Island Fabrication, Inc.	300		6,030
Gulfmark Offshore, Inc. (a)	3,800		95,228
Halliburton Co.	108,533		4,638,700
Hanover Compressor Co. (a)	10,936		114,062
Helmerich & Payne, Inc.	12,383		513,523
Hornbeck Offshore Services, Inc.	4,789		118,049
Hydril Co. (a)	4,200		218,022
Input/Output, Inc. (a)	12,704		75,335
Lone Star Technologies, Inc. (a)	7,026		291,228
Lufkin Industries, Inc.	10,030		289,165
Matrix Service Co. (a)	6,459		26,676
Maverick Tube Corp. (a)	11,228		339,198
Metretek Technologies, Inc. (a)	2,900		7,395
Mitcham Industries, Inc. (a)	1,500		10,530
Nabors Industries Ltd. (a)	31,464		1,733,981
National Oilwell Varco, Inc. (a)	36,438		1,639,710
Newpark Resources, Inc. (a)	23,916		145,888
Noble Corp.	28,653		1,622,333
NS Group, Inc. (a)	8,077		232,779
Oceaneering International, Inc. (a)	4,600		167,900
Offshore Logistics, Inc. (a)	4,200		131,544
Oil States International, Inc. (a)	10,711		248,067
Parker Drilling Co. (a)	18,231		103,917
Patterson-UTI Energy, Inc.	38,295		1,014,435
Pioneer Drilling Co. (a)	8,000		111,920
Pride International, Inc. (a)	23,839		537,569
Rowan Companies, Inc.	23,443		644,683
RPC, Inc.	10,800		159,516
Schlumberger Ltd. (NY Shares)	130,079		8,893,501
Seabulk International, Inc. (a)	12,548		246,066
SEACOR Holdings, Inc. (a)	6,211		360,611
Smith International, Inc.	22,408		1,316,694
Common Stocks - continued
	Shares		Value
ENERGY - continued
Energy Equipment & Services - continued
Superior Energy Services, Inc. (a)	25,065		$ 392,267
T-3 Energy Services, Inc. (a)	10		71
TETRA Technologies, Inc. (a)	3,397		93,757
Tidewater, Inc.	10,547		364,926
TODCO Class A (a)	13,233		301,580
Transocean, Inc. (a)	69,943		3,483,861
Unit Corp. (a)	11,621		453,451
Universal Compression Holdings, Inc. (a)	4,900		167,580
Veritas DGC, Inc. (a)	6,200		167,400
W-H Energy Services, Inc. (a)	5,400		117,018
Weatherford International Ltd. (a)	33,010		1,735,336
			44,667,249
Oil, Gas & Consumable Fuels - 6.7%
Alliance Resource Partners LP	1,538		109,521
Alpha Natural Resources, Inc.	8,681		207,476
Amerada Hess Corp.	18,285		1,697,762
Anadarko Petroleum Corp.	52,997		4,011,873
Apache Corp.	68,788		4,041,983
Arch Coal, Inc.	13,748		666,091
Ashland, Inc.	15,596		1,065,207
ATP Oil & Gas Corp. (a)	5,038		106,251
Berry Petroleum Co. Class A	3,951		187,910
Bill Barrett Corp.	2,963		90,223
BP Prudhoe Bay Royalty Trust	4,643		300,356
BPZ Energy, Inc. (a)	346		1,592
Brigham Exploration Co. (a)	18,871		159,649
Buckeye Partners LP	5,644		251,158
Burlington Resources, Inc.	83,743		4,244,095
Cabot Oil & Gas Corp.	14,934		468,181
Callon Petroleum Co. (a)	3,030		42,875
Chesapeake Energy Corp.	58,538		1,198,273
ChevronTexaco Corp.	444,094		23,883,375
Cimarex Energy Co. (a)	10,238		385,256
Clayton Williams Energy, Inc. (a)	2,180		59,558
Comstock Resources, Inc. (a)	13,659		311,698
ConocoPhillips	139,086		14,999,034
CONSOL Energy, Inc.	19,102		914,031
Copano Energy LLC	7,026		209,726
Cross Timbers Royalty Trust	2,669		102,917
Crosstex Energy, Inc.	4,684		214,340
Delta Petroleum Corp. (a)	14,446		164,973
Denbury Resources, Inc. (a)	11,775		376,565
Devon Energy Corp.	99,021		4,545,064
Dorchester Minerals LP	4,673		100,470
El Paso Corp.	142,123		1,469,552
Enbridge Energy Management LLC	1,881		92,583
Encore Acquisition Co. (a)	7,052		263,040
Energy Partners Ltd. (a)	5,816		132,896
Enterprise Products Partners LP	15,186		390,280
EOG Resources, Inc.	51,137		2,551,225
Exxon Mobil Corp.	1,417,795		79,680,079
	Shares		Value
Forest Oil Corp. (a)	10,749		$ 427,380
Foundation Coal Holdings, Inc.	5,415		137,974
Frontier Oil Corp.	6,540		319,871
FX Energy, Inc. (a)	12,906		120,284
General Maritime Corp.	10,799		450,966
Giant Industries, Inc. (a)	7,923		228,262
GSV, Inc. (a)	980		255
Harken Energy Corp. (a)	1,536		691
Harvest Natural Resources, Inc. (a)	15,657		169,722
Holly Corp.	9,526		364,179
Houston Exploration Co. (a)	5,938		302,660
Hugoton Royalty Trust	6,529		178,568
Inergy LP	3,806		119,204
James River Coal Co. (a)	6,577		216,383
Kaneb Services LLC	900		38,790
KCS Energy, Inc. (a)	6,641		93,306
Kerr-McGee Corp.	17,520		1,294,027
KFX, Inc. (a)	8,958		117,977
Kinder Morgan Management LLC	9,269		413,119
Kinder Morgan, Inc.	22,308		1,733,555
Magellan Midstream Partners LP	6,086		191,222
Magnum Hunter Resources, Inc. (a)	28,226		436,374
Marathon Oil Corp.	75,784		3,674,766
Maritrans, Inc.	2,243		53,585
Massey Energy Co.	15,938		644,373
McMoRan Exploration Co. (a)	3,291		60,916
Meridian Resource Corp. (a)	8,874		40,199
Mission Resources Corp. (a)	5,500		38,885
Murphy Oil Corp.	20,527		2,006,514
National Energy Group, Inc. (a)	71		178
Natural Resource Partners LP	1,123		65,325
Newfield Exploration Co. (a)	25,452		978,629
Noble Energy, Inc.	20,199		1,502,200
Occidental Petroleum Corp.	84,667		6,190,004
OMI Corp.	18,037		348,836
Overseas Shipholding Group, Inc.	5,794		354,013
Pacific Energy Partners LP	3,163		98,369
Peabody Energy Corp.	26,496		1,264,919
Penn Virginia Corp.	4,000		165,080
Penn Virginia Resource Partners LP	3,213		150,208
Petrohawk Energy Corp. (a)	16,262		142,130
Petroleum Development Corp. (a)	3,048		79,644
Pioneer Natural Resources Co.	29,762		1,194,349
Plains Exploration & Production Co. (a)	15,850		484,218
Pogo Producing Co.	13,052		645,291
Premcor, Inc.	18,302		1,242,157
Quicksilver Resources, Inc. (a)	7,400		386,280
Range Resources Corp.	17,465		403,442
Remington Oil & Gas Corp. (a)	4,835		149,885
Resource America, Inc. Class A	2,300		78,154
Southwestern Energy Co. (a)	7,000		488,600
Spinnaker Exploration Co. (a)	4,627		141,910
St. Mary Land & Exploration Co.	11,200		291,424
Stone Energy Corp. (a)	5,142		221,260
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Sunoco Logistics Partners LP	2,343		$ 87,042
Sunoco, Inc.	16,921		1,735,587
Swift Energy Co. (a)	9,607		328,079
Syntroleum Corp. (a)	1,600		13,872
TC Pipelines LP	3,233		107,756
TEL Offshore Trust	410		2,981
TEPPCO Partners LP	9,330		385,796
Tesoro Petroleum Corp. (a)	16,155		704,358
TransMontaigne, Inc. (a)	6,401		53,000
Ultra Petroleum Corp. (a)	30,896		840,680
Unocal Corp.	57,925		3,301,146
USEC, Inc.	15,100		206,115
Valero Energy Corp.	55,796		3,828,722
Valero LP	2,200		133,012
Vintage Petroleum, Inc.	9,637		266,174
Western Gas Resources, Inc.	15,332		491,697
Whiting Petroleum Corp. New (a)	7,673		265,332
Williams Companies, Inc.	126,324		2,325,625
World Fuel Services Corp.	3,650		96,178
XTO Energy, Inc.	73,570		2,289,498
			198,100,300
TOTAL ENERGY			242,767,549
FINANCIALS - 20.9%
Capital Markets - 2.3%
A.G. Edwards, Inc.	17,600		727,056
Aether Systems, Inc. (a)	7,213		22,577
Affiliated Managers Group, Inc. (a)	5,562		370,985
Ameritrade Holding Corp. (a)	71,450		1,061,747
Bank of New York Co., Inc.	170,614		4,917,095
Bear Stearns Companies, Inc.	22,017		2,180,564
BlackRock, Inc. Class A	2,436		190,057
Calamos Asset Management, Inc. Class A	9,049		218,805
Charles Schwab Corp.	256,019		2,903,255
E*TRADE Financial Corp. (a)	85,631		1,057,543
Eaton Vance Corp. (non-vtg.)	32,572		793,454
Federated Investors, Inc. Class B (non-vtg.)	24,874		736,519
Franklin Resources, Inc.	31,382		2,263,897
Gabelli Asset Management, Inc. Class A	600		26,190
Goldman Sachs Group, Inc.	89,975		8,772,563
Greenhill & Co., Inc.	1,754		62,583
Investment Technology Group, Inc. (a)	7,091		139,976
Investment Technology Group, Inc. contingent payment rights (a)	1,200		0
Investors Financial Services Corp.	13,954		578,951
Janus Capital Group, Inc.	48,898		751,073
JB Oxford Holdings, Inc. (a)	1,310		2,103
Jefferies Group, Inc.	15,016		531,717
	Shares		Value
Knight Trading Group, Inc. (a)	31,740		$ 239,637
LaBranche & Co., Inc. (a)	8,974		49,626
Ladenburg Thalmann Financial Services, Inc. (a)	1,908		1,164
Legg Mason, Inc.	22,783		1,872,307
Lehman Brothers Holdings, Inc.	60,132		5,544,170
Mellon Financial Corp.	87,938		2,441,159
Merrill Lynch & Co., Inc.	187,200		10,157,472
Morgan Stanley	217,424		10,645,079
National Financial Partners Corp.	5,826		222,786
Northern Trust Corp.	43,430		1,994,306
Nuveen Investments, Inc. Class A	11,156		402,174
Olympic Cascade Financial Corp. (a)	1,200		1,440
Paulson Capital Corp.	1,300		11,635
Piper Jaffray Companies (a)	2,772		78,364
Raymond James Financial, Inc.	14,380		386,966
SEI Investments Co.	17,228		598,845
Siebert Financial Corp. (a)	2,700		7,965
State Street Corp.	74,260		3,564,480
Stifel Financial Corp. (a)	1,333		28,153
SWS Group, Inc.	2,406		38,063
T. Rowe Price Group, Inc.	28,957		1,727,575
TradeStation Group, Inc. (a)	3,740		27,564
Waddell & Reed Financial, Inc. Class A	21,335		408,992
Westwood Holdings Group, Inc.	601		10,151
			68,768,783
Commercial Banks - 5.9%
1st Source Corp.	4,009		87,316
ABC Bancorp	6,360		112,890
Abigail Adams National Bancorp, Inc.	302		4,744
Alabama National Bancorp, Delaware	2,924		183,861
Amcore Financial, Inc.	3,800		105,868
Amegy Bancorp, Inc.	15,378		273,882
AmSouth Bancorp.	72,681		1,937,675
Arrow Financial Corp.	1,427		38,529
Associated Banc-Corp.	24,969		834,464
BancFirst Corp.	820		64,567
BancorpSouth, Inc.	16,204		362,159
BancTrust Financial Group, Inc.	4,088		80,820
Bank of America Corp.	886,967		41,084,311
Bank of Granite Corp.	2,038		37,010
Bank of Hawaii Corp.	12,701		618,920
Bank of the Ozarks, Inc.	1,836		58,054
Banner Corp.	1,809		48,137
Bar Harbor Bankshares	2,825		75,851
Bay View Capital Corp.	461		7,307
BB&T Corp.	117,619		4,697,703
BOK Financial Corp.	5,283		238,897
Boston Private Financial Holdings, Inc.	4,669		114,297
Bryn Mawr Bank Corp.	1,800		35,082
BWC Financial Corp.	3,246		82,773
Camden National Corp.	1,270		43,726
Capital City Bank Group, Inc.	2,368		95,194
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Capital Corp. of the West	1,873		$ 45,420
Capitol Bancorp Ltd.	2,475		76,601
Cascade Bancorp	3,352		69,319
Cathay General Bancorp	9,016		306,544
Cavalry Bancorp, Inc.	2,931		64,482
Center Bancorp, Inc.	4,047		48,200
Central Coast Bancorp (a)	3,173		53,655
Central Pacific Financial Corp.	9,098		322,979
Chemical Financial Corp.	8,561		273,781
Chittenden Corp.	8,261		216,851
Citizens & Northern Corp.	8,300		257,715
Citizens Banking Corp., Michigan	6,600		191,268
City Holding Co.	3,000		101,340
City National Corp.	8,532		606,028
CoBiz, Inc.	11,206		201,484
Colonial Bancgroup, Inc.	27,837		620,487
Columbia Bancorp	1,731		59,875
Columbia Banking Systems, Inc.	2,866		70,504
Comerica, Inc.	34,419		1,923,334
Commerce Bancorp, Inc., New Jersey	32,388		898,767
Commerce Bancshares, Inc.	12,071		588,461
Commercial Bankshares, Inc.	2,566		100,048
Commercial National Financial Corp., Pennsylvania	2,005		42,606
Community Bank System, Inc.	8,054		187,658
Community Banks, Inc.	1,720		42,587
Community Capital Corp.	420		9,219
Community Trust Bancorp, Inc.	1,882		55,726
Compass Bancshares, Inc.	22,250		991,683
Cullen/Frost Bankers, Inc.	11,520		513,907
CVB Financial Corp.	11,458		211,286
East West Bancorp, Inc.	10,375		349,015
Eastern Virgina Bankshares, Inc.	800		18,000
Exchange National Bancshares, Inc.	1,200		33,840
Farmers Capital Bank Corp.	1,141		37,242
Fidelity Southern Corp.	2,900		47,038
Fifth Third Bancorp	110,446		4,707,209
Financial Institutions, Inc.	1,679		30,289
First Bancorp, North Carolina	2,256		47,150
First Bancorp, Puerto Rico	9,132		350,030
First Charter Corp.	12,660		279,153
First Citizen Bancshares, Inc.	1,629		212,633
First Commonwealth Financial Corp.	20,769		277,474
First Community Bancorp, California	2,500		110,450
First Financial Bancorp, Ohio	7,077		127,386
First Financial Bankshares, Inc.	1,829		75,977
First Financial Corp., Indiana	1,612		43,685
First Horizon National Corp.	22,251		939,660
First Indiana Corp.	1,970		53,092
First M&F Corp.	1,057		34,987
First Merchants Corp.	10,146		252,331
	Shares		Value
First Midwest Bancorp, Inc., Delaware	12,449		$ 431,856
First Oak Brook Bancshares, Inc.	1,645		45,386
First Republic Bank, California	9,438		302,771
First State Bancorp.	7,984		147,385
First United Corp.	2,940		59,506
FirstMerit Corp.	17,918		456,909
Flag Financial Corp.	3,365		50,139
FNB Corp., North Carolina	2,400		44,400
FNB Corp., Pennsylvania	14,487		269,168
FNB Corp., Virginia	1,239		33,267
FNB Financial Services Corp.	3,533		74,864
Foothill Independent Bancorp	4,543		93,495
Frontier Financial Corp., Washington	12,388		308,461
Fulton Financial Corp.	29,384		638,514
Glacier Bancorp, Inc.	12,752		297,759
Gold Banc Corp., Inc.	5,188		72,061
Great Southern Bancorp, Inc.	6,638		207,172
Greater Bay Bancorp	14,848		373,130
Greater Community Bancorp	2,836		45,376
Hancock Holding Co.	5,700		184,452
Hanmi Financial Corp.	16,972		272,740
Harleysville National Corp., Pennsylvania	6,055		139,689
Heritage Commerce Corp.	1,957		36,244
HF Financial Corp.	2,423		55,123
Hibernia Corp. Class A	34,458		1,107,825
Hudson United Bancorp	12,882		439,920
Huntington Bancshares, Inc.	45,400		1,058,728
IBERIABANK Corp.	2,000		117,680
Independent Bank Corp., Massachusetts	2,103		58,737
Independent Bank Corp., Michigan	4,791		134,819
Integra Bank Corp.	5,300		117,077
Interchange Financial Services Corp.	7,800		141,648
International Bancshares Corp.	8,542		307,768
Irwin Financial Corp.	5,100		107,049
KeyCorp	84,552		2,769,924
Leesport Financial Corp.	1,212		30,045
LSB Bancshares, Inc.	2,300		40,480
M&T Bank Corp.	17,037		1,740,159
Main Street Banks, Inc.	4,100		108,117
Marshall & Ilsley Corp.	38,425		1,671,872
MB Financial, Inc.	7,698		293,987
Mercantile Bankshares Corp.	15,157		790,134
Merchants Bancshares, Inc.	1,800		47,664
Mid-State Bancshares	3,712		99,370
Midsouth Bancorp, Inc.	2,327		56,942
Midwest Banc Holdings, Inc.	3,643		72,860
Nara Bancorp, Inc.	1,600		22,224
National City Corp.	119,418		4,127,086
National Penn Bancshares, Inc.	12,704		300,831
NBT Bancorp, Inc.	10,179		241,242
North Fork Bancorp, Inc., New York	91,356		2,490,365
North Valley Bancorp	4,421		75,511
Northern States Financial Corp.	1,100		30,701
Northrim Bancorp, Inc.	2,594		59,325
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Northway Financial, Inc.	400		$ 12,656
Old National Bancorp, Indiana	15,482		307,008
Old Second Bancorp, Inc.	3,608		101,060
Omega Financial Corp.	2,947		85,964
Oriental Financial Group, Inc.	3,582		50,255
Pacific Capital Bancorp	7,644		258,367
Park National Corp.	3,102		320,282
Pennrock Financial Services Corp.	7,246		250,784
Peoples Bancorp, Inc.	1,390		39,198
Peoples Financial Corp., Mississippi	2,598		45,595
PNC Financial Services Group, Inc.	60,300		3,295,395
Popular, Inc.	56,381		1,327,773
Princeton National Bancorp, Inc.	2,475		76,106
PrivateBancorp, Inc.	11,060		373,717
Prosperity Bancshares, Inc.	3,292		89,279
Provident Bankshares Corp.	6,659		210,691
Regions Financial Corp. New	99,444		3,349,274
Renasant Corp.	2,040		62,057
Republic Bancorp, Inc.	11,883		164,045
Republic Bancorp, Inc., Kentucky Class A	3,542		80,828
Royal Bancshares of Pennsylvania, Inc. Class A	2,456		57,962
S&T Bancorp, Inc.	4,720		165,908
S.Y. Bancorp, Inc.	2,079		46,154
Sandy Spring Bancorp, Inc.	8,264		274,365
Seacoast Banking Corp., Florida	4,400		89,188
Shore Bancshares, Inc.	1,921		57,438
Signature Bank, New York (a)	14,047		344,432
Simmons First National Corp. Class A	1,653		40,565
Sky Financial Group, Inc.	21,533		619,935
South Financial Group, Inc.	16,318		444,666
State Bancorp, Inc., New York	3,087		68,933
Sterling Bancorp, New York	2,623		55,476
Sterling Bancshares, Inc.	6,070		82,552
Sterling Financial Corp., Pennsylvania	4,625		119,094
Suffolk Bancorp	1,444		45,255
Summit Bancshares, Inc.	2,938		51,826
Summit Financial Corp.	1,785		39,092
Sun Bancorp, Inc., New Jersey	2,747		56,973
SunTrust Banks, Inc.	77,003		5,668,191
Susquehanna Bancshares, Inc., Pennsylvania	10,905		248,198
SVB Financial Group (a)	6,600		315,216
SVB Financial Services, Inc.	381		7,662
Synovus Financial Corp.	56,097		1,630,740
TCF Financial Corp.	30,111		779,273
TD Banknorth, Inc.	21,953		658,151
Texas Capital Bancshares, Inc. (a)	11,132		208,391
Texas Regional Bancshares, Inc. Class A	9,972		287,094
TIB Financial Corp.	900		24,300
Tompkins Trustco, Inc.	1,098		45,347
	Shares		Value
Trico Bancshares	2,400		$ 48,960
Trustco Bank Corp., New York	15,309		190,597
Trustmark Corp.	9,000		257,130
U.S. Bancorp, Delaware	409,395		12,007,555
UCBH Holdings, Inc.	19,684		336,596
UMB Financial Corp.	5,486		305,570
Umpqua Holdings Corp.	12,788		298,088
Union Bankshares Corp.	1,262		45,760
UnionBanCal Corp.	8,924		560,159
United Bankshares, Inc., West Virginia	9,703		324,565
United Community Banks, Inc., Georgia	5,100		127,398
Unizan Financial Corp.	2,881		73,437
USB Holding Co., Inc.	2,803		59,227
Vail Banks, Inc.	500		7,000
Valley National Bancorp	24,971		595,808
Wachovia Corp.	348,318		17,677,139
Washington Banking Co., Oak Harbor	4,376		62,577
Washington Trust Bancorp, Inc.	2,572		72,505
Wells Fargo & Co.	371,354		22,433,495
WesBanco, Inc.	10,322		305,222
West Coast Bancorp, Oregon	3,534		76,900
Westamerica Bancorp.	8,154		429,308
Westbank Corp.	1,365		22,987
Westcorp	6,678		323,482
Whitney Holding Corp.	15,174		481,168
Wilmington Trust Corp., Delaware	18,101		648,559
Wintrust Financial Corp.	4,350		217,805
Yardville National Bancorp	1,968		66,735
Zions Bancorp	16,161		1,144,845
			174,035,738
Consumer Finance - 1.0%
ACE Cash Express, Inc. (a)	5,157		112,474
Advance America Cash Advance Centers, Inc.	4,287		52,344
Advanta Corp. Class A	2,600		59,618
American Express Co.	245,577		13,224,321
AmeriCredit Corp. (a)	32,079		797,805
Asta Funding, Inc.	4,352		121,508
Capital One Financial Corp.	52,175		3,933,995
Cash America International, Inc.	11,063		190,284
CompuCredit Corp. (a)	7,490		236,160
Consumer Portfolio Services, Inc. (a)	2,400		10,560
Credit Acceptance Corp. (a)	4,532		63,947
Equitex, Inc. (a)	517		2,740
Equitex, Inc.:
Class A warrants 2/7/10 (a)	258		578
Class B warrants 2/7/10 (a)	258		0
First Cash Financial Services, Inc. (a)	4,887		85,034
First Marblehead Corp. (a)	6,528		291,475
MBNA Corp.	247,791		5,225,912
Metris Companies, Inc. (a)	8,652		112,303
MoneyGram International, Inc.	17,593		326,350
Nelnet, Inc. Class A (a)	4,052		149,519
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Consumer Finance - continued
Providian Financial Corp. (a)	64,513		$ 1,149,622
Rewards Network, Inc. (a)	2,360		12,060
SLM Corp.	93,040		4,491,041
Student Loan Corp.	1,055		226,435
United Panam Financial Corp. (a)	2,332		55,548
WFS Financial, Inc. (a)	375		18,281
World Acceptance Corp. (a)	3,244		84,506
			31,034,420
Diversified Financial Services - 3.1%
Alliance Capital Management Holding LP	3,525		160,035
CapitalSource, Inc. (a)	12,995		247,945
Chicago Mercantile Exchange Holdings, Inc. Class A	5,779		1,249,362
CIT Group, Inc.	49,038		2,080,192
Citigroup, Inc.	1,142,000		53,799,620
Encore Capital Group, Inc. (a)	9,436		144,937
eSpeed, Inc. Class A (a)	4,755		40,750
Financial Federal Corp.	3,300		123,090
Finova Group, Inc. (a)	3,400		265
First Albany Companies, Inc.	1,530		8,798
Imperial Credit Industries, Inc. warrants 1/31/08 (a)	89		0
Instinet Group, Inc. (a)	21,989		116,102
JPMorgan Chase & Co.	785,575		28,084,306
Leucadia National Corp.	16,276		649,250
Medallion Financial Corp.	100		926
MicroFinancial, Inc.	100		389
Moody's Corp.	52,910		2,289,416
Nasdaq Stock Market, Inc. (a)	15,000		257,400
Principal Financial Group, Inc.	67,268		2,683,321
Starbiz Corp. (e)	3		0
			91,936,104
Insurance - 4.4%
21st Century Holding Co.	1,244		16,172
21st Century Insurance Group	12,491		174,000
AFLAC, Inc.	110,685		4,598,962
Alfa Corp.	13,600		194,752
Allmerica Financial Corp. (a)	10,400		363,168
Allstate Corp.	149,894		8,723,831
AMBAC Financial Group, Inc.	23,144		1,669,840
American Equity Investment Life Holding Co.	6,025		61,395
American Financial Group, Inc., Ohio	12,444		403,434
American Independence Corp. (a)	587		7,778
American International Group, Inc.	503,821		27,987,257
American National Insurance Co.	4,651		536,725
American Physicians Capital, Inc. (a)	2,003		69,404
AmerUs Group Co.	8,791		418,364
Aon Corp.	58,441		1,456,934
Arch Capital Group Ltd. (a)	8,084		360,951
Argonaut Group, Inc. (a)	9,907		207,453
	Shares		Value
Arthur J. Gallagher & Co.	20,136		$ 556,156
Assurant, Inc.	24,985		878,223
Atlantic American Corp. (a)	100		300
Baldwin & Lyons, Inc. Class B	3,450		88,665
Berkshire Hathaway, Inc. Class A (a)	228		19,174,800
Bristol West Holdings, Inc.	11,187		193,535
Brown & Brown, Inc.	12,690		565,466
Ceres Group, Inc. (a)	9,011		51,633
Cincinnati Financial Corp.	35,092		1,385,081
Citizens Financial Corp., Kentucky (a)	200		1,520
Citizens, Inc. Class A	8,022		46,447
Clark, Inc.	1,340		19,430
CNA Financial Corp. (a)	5,284		145,733
CNA Surety Corp. (a)	8,543		118,064
Commerce Group, Inc., Massachusetts	6,917		412,253
Conseco, Inc. (a)	31,533		630,660
Crawford & Co. Class B	10,194		73,601
Danielson Holding Corp. (a)	10,500		170,625
Delphi Financial Group, Inc. Class A	4,410		186,984
Donegal Group, Inc. Class B	2,698		44,436
EMC Insurance Group	2,920		52,093
Erie Indemnity Co. Class A	6,123		317,171
FBL Financial Group, Inc. Class A	4,209		112,591
Fidelity National Financial, Inc.	33,213		1,195,336
First Acceptance Corp. (a)	3,950		35,353
First American Corp., California	15,664		606,197
FPIC Insurance Group, Inc. (a)	1,648		49,044
Gainsco, Inc. (a)	1,500		2,205
Genworth Financial, Inc. Class A (non-vtg.)	47,555		1,378,619
Great American Financial Resources, Inc.	3,327		56,093
Harleysville Group, Inc.	3,500		71,085
Hartford Financial Services Group, Inc.	62,613		4,682,826
HCC Insurance Holdings, Inc.	14,193		556,508
Hilb Rogal & Hobbs Co.	6,901		235,255
Horace Mann Educators Corp.	18,001		327,618
Independence Holding Co.	2,448		43,207
Infinity Property & Casualty Corp.	3,044		97,408
Investors Title Co.	1,058		37,263
Jefferson-Pilot Corp.	25,944		1,307,578
Kansas City Life Insurance Co.	1,100		51,832
LandAmerica Financial Group, Inc.	2,238		125,776
Lincoln National Corp.	34,391		1,565,822
Loews Corp.	25,938		1,953,131
Markel Corp. (a)	2,174		742,965
Marsh & McLennan Companies, Inc.	109,875		3,190,770
MBIA, Inc.	30,595		1,711,178
Meadowbrook Insurance Group, Inc. (a)	600		3,090
Mercury General Corp.	4,395		242,604
MetLife, Inc.	89,797		4,004,946
National Security Group, Inc.	1,645		34,561
National Western Life Insurance Co. Class A (a)	488		89,487
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
Nationwide Financial Services, Inc. Class A (sub. vtg.)	12,944		$ 494,202
Navigators Group, Inc. (a)	2,148		71,400
Nymagic, Inc.	2,556		52,270
Odyssey Re Holdings Corp.	5,220		125,854
Ohio Casualty Corp. (a)	13,939		333,142
Old Republic International Corp.	28,403		706,099
Penn Treaty American Corp. (a)	600		1,332
Philadelphia Consolidated Holding Corp. (a)	4,100		338,127
Phoenix Companies, Inc.	34,255		393,933
PMA Capital Corp. Class A (a)	5,400		40,122
Presidential Life Corp.	5,318		80,568
ProAssurance Corp. (a)	5,253		205,497
Progressive Corp.	36,851		3,540,276
Protective Life Corp.	10,835		435,459
Prudential Financial, Inc.	111,859		7,081,793
Reinsurance Group of America, Inc.	9,962		455,762
RLI Corp.	4,000		174,960
RTW, Inc. (a)	1,450		14,065
SAFECO Corp.	29,937		1,610,910
Safety Insurance Group, Inc.	3,129		98,626
SCPIE Holding, Inc. (a)	2,045		22,945
Selective Insurance Group, Inc.	8,808		423,929
StanCorp Financial Group, Inc.	6,395		478,666
State Auto Financial Corp.	6,061		163,647
Stewart Information Services Corp.	4,850		190,363
The Chubb Corp.	39,994		3,368,695
The Midland Co.	3,869		123,615
The St. Paul Travelers Companies, Inc.	145,994		5,530,253
Torchmark Corp.	20,667		1,090,184
Transatlantic Holdings, Inc.	4,213		240,604
Triad Guaranty, Inc. (a)	2,250		121,950
UICI	7,000		176,050
Unico American Corp. (a)	3,435		31,430
United Fire & Casualty Co.	3,976		156,535
United Trust Group, Inc. (a)	300		1,950
Unitrin, Inc.	12,000		597,480
Universal American Financial Corp. (a)	11,700		221,598
UnumProvident Corp.	63,866		1,172,580
USI Holdings Corp. (a)	8,771		102,708
Vesta Insurance Group, Inc. (a)	2,600		6,552
W.R. Berkley Corp.	19,779		701,363
White Mountains Insurance Group Ltd.	1,903		1,264,544
Zenith National Insurance Corp.	3,728		236,169
			129,551,851
Real Estate - 2.3%
Aames Investment Corp., Maryland	17,394		160,547
Acadia Realty Trust (SBI)	9,120		154,584
Affordable Residential Communties, Inc.	13,684		168,587
Agree Realty Corp.	1,490		42,838
	Shares		Value
Alexanders, Inc. (a)	542		$ 139,744
Alexandria Real Estate Equities, Inc.	4,919		340,887
AMB Property Corp. (SBI)	15,139		610,253
AMEN Properties, Inc. (a)	75		382
American Financial Realty Trust (SBI)	26,856		412,240
American Home Mortgage Investment Corp.	7,560		246,154
American Land Lease, Inc.	3,001		64,822
American Mortgage Acceptance Co.	1,588		23,661
American Real Estate Partners LP (a)	2,991		83,030
AmeriVest Properties, Inc.	4,569		20,104
AMLI Residential Properties Trust (SBI)	3,247		93,319
Annaly Mortgage Management, Inc.	26,626		501,900
Anthracite Capital, Inc.	8,614		100,439
Anworth Mortgage Asset Corp.	4,800		45,888
Apartment Investment & Management Co. Class A	25,341		940,151
Archstone-Smith Trust	38,251		1,408,402
Arden Realty, Inc.	17,080		585,844
Ashford Hospitality Trust, Inc.	26,680		265,733
Associated Estates Realty Corp.	7,843		67,842
AvalonBay Communities, Inc.	15,854		1,186,989
Bedford Property Investors, Inc.	6,035		139,831
Bimini Mortgage Management, Inc.	8,157		114,035
BioMed Realty Trust, Inc.	16,039		358,472
BNP Residential Properties, Inc.	3,537		55,602
Boston Properties, Inc.	20,251		1,352,767
Boykin Lodging Co. (a)	6,069		64,331
Brandywine Realty Trust (SBI)	11,122		313,196
BRE Properties, Inc. Class A	10,848		418,082
BRT Realty Trust	4,566		102,963
Camden Property Trust (SBI)	10,727		553,620
Capital Automotive (REIT) (SBI)	13,604		486,751
Capital Lease Funding, Inc.	13,883		153,129
Capital Trust, Inc. Class A	8,506		297,455
Capstead Mortgage Corp.	2,634		24,812
CarrAmerica Realty Corp.	17,880		618,112
Catellus Development Corp.	18,301		535,670
CB Richard Ellis Group, Inc. Class A	13,270		510,364
CBL & Associates Properties, Inc.	6,329		515,624
Cedar Shopping Centers, Inc.	10,479		141,781
CenterPoint Properties Trust (SBI)	10,402		434,804
Colonial Properties Trust (SBI)	10,906		444,965
Commercial Net Lease Realty, Inc.	18,845		365,593
Consolidated-Tomoka Land Co.	2,369		181,821
Corporate Office Properties Trust (SBI)	6,900		192,717
Correctional Properties Trust	2,637		68,562
Cousins Properties, Inc.	6,869		194,667
Crescent Real Estate Equities Co.	31,701		582,981
Criimi Mae, Inc. (a)	3,384		71,741
CRT Properties, Inc.	6,200		142,538
Developers Diversified Realty Corp.	20,494		934,526
Digital Realty Trust, Inc.	8,246		123,690
Duke Realty Corp.	34,426		1,062,731
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate - continued
Eastgroup Properties, Inc.	6,213		$ 252,993
Education Realty Trust, Inc.	7,044		120,945
Entertainment Properties Trust (SBI)	7,556		336,242
Equity Inns, Inc.	10,932		131,075
Equity Lifestyle Properties, Inc.	4,988		189,045
Equity Office Properties Trust	89,125		2,895,671
Equity One, Inc.	12,267		262,391
Equity Residential (SBI)	62,957		2,260,156
Essex Property Trust, Inc.	4,200		336,000
Extra Space Storage, Inc.	20,365		293,256
Federal Realty Investment Trust (SBI)	9,079		501,161
FelCor Lodging Trust, Inc. (a)	7,268		101,171
Fieldstone Investment Corp.	8,500		113,560
First Industrial Realty Trust, Inc.	7,500		291,000
First Potomac Realty Trust	12,120		274,518
First Union Real Estate Equity & Mortgage Investments (SBI) (a)	983		3,627
Forest City Enterprises, Inc. Class A	8,713		551,969
Friedman, Billings, Ramsey Group, Inc. Class A	28,926		377,484
Gables Residential Trust (SBI)	5,800		211,178
General Growth Properties, Inc.	43,876		1,708,093
Getty Realty Corp.	7,503		207,383
Gladstone Commercial Corp.	900		13,787
Glenborough Realty Trust, Inc.	8,600		173,806
Glimcher Realty Trust	6,287		161,890
Global Signal, Inc.	3,622		126,154
GMH Communities Trust	18,812		256,784
Gramercy Capital Corp.	3,996		87,033
Health Care Property Investors, Inc.	25,580		695,520
Health Care REIT, Inc.	10,591		379,581
Healthcare Realty Trust, Inc.	13,961		545,735
Heritage Property Investment Trust, Inc.	7,067		229,607
Highland Hospitality Corp.	6,812		72,207
Highwoods Properties, Inc. (SBI)	11,942		328,644
Home Properties of New York, Inc.	7,166		295,239
HomeBanc Mortgage Corp., Georgia	25,009		236,085
Hospitality Properties Trust (SBI)	14,014		615,495
Host Marriott Corp.	67,196		1,125,533
HRPT Properties Trust (SBI)	37,556		444,287
Impac Mortgage Holdings, Inc.	14,479		288,132
Inland Real Estate Corp.	10,753		167,747
Innkeepers USA Trust (SBI)	6,459		87,261
Investors Real Estate Trust	10,700		100,687
iStar Financial, Inc.	18,806		787,971
Jones Lang LaSalle, Inc. (a)	5,250		222,653
Kilroy Realty Corp.	9,900		447,282
Kimco Realty Corp.	16,801		970,426
LaSalle Hotel Properties (SBI)	5,338		164,944
Lexington Corporate Properties Trust	9,054		208,514
Liberty Property Trust (SBI)	16,295		672,821
	Shares		Value
LTC Properties, Inc.	5,854		$ 116,026
Luminent Mortgage Capital, Inc.	15,498		162,884
Mack-Cali Realty Corp.	10,481		462,107
Maguire Properties, Inc.	6,425		168,014
MeriStar Hospitality Corp. (a)	38,369		321,916
MFA Mortgage Investments, Inc.	22,926		162,545
Mid-America Apartment Communities, Inc.	2,881		116,681
Mission West Properties, Inc.	6,896		65,512
Monmouth Real Estate Investment Corp. Class A	5,400		41,526
MortgageIT Holdings, Inc.	12,406		210,282
National Health Investors, Inc.	8,489		226,402
National Health Realty, Inc.	5,083		94,544
Nationwide Health Properties, Inc.	15,314		344,106
New Century Financial Corp.	8,962		456,614
New Plan Excel Realty Trust	21,703		584,679
Newcastle Investment Corp.	13,959		429,100
Novastar Financial, Inc.	5,208		191,654
Omega Healthcare Investors, Inc.	11,978		143,137
One Liberty Properties, Inc.	3,094		58,941
Pan Pacific Retail Properties, Inc.	7,472		477,087
Parkway Properties, Inc.	2,300		110,975
Pennsylvania Real Estate Investment Trust (SBI)	12,313		541,772
Plum Creek Timber Co., Inc.	33,196		1,163,520
Post Properties, Inc.	13,012		426,794
Prentiss Properties Trust (SBI)	10,789		372,221
Prime Group Realty Trust (SBI) (a)	3,749		26,843
ProLogis	34,303		1,400,935
PS Business Parks, Inc.	5,673		232,820
Public Storage, Inc.	19,350		1,163,516
RAIT Investment Trust (SBI)	3,700		105,820
Ramco-Gershenson Properties Trust (SBI)	5,200		144,300
Rayonier, Inc.	7,996		419,710
Realty Income Corp.	18,481		455,002
Reckson Associates Realty Corp.	15,684		495,458
Redwood Trust, Inc.	3,700		191,401
Regency Centers Corp.	9,300		519,405
Saul Centers, Inc.	2,530		83,870
Saxon Capital, Inc.	9,373		158,685
Senior Housing Properties Trust (SBI)	10,720		192,853
Shurgard Storage Centers, Inc. Class A	11,331		494,598
Simon Property Group, Inc.	46,723		3,210,805
Sizeler Property Investors, Inc.	6,129		73,548
SL Green Realty Corp.	7,936		491,635
Sovran Self Storage, Inc.	3,400		151,606
Spirit Finance Corp.	5,987		65,857
Strategic Hotel Capital, Inc.	16,527		269,555
Sun Communities, Inc.	4,061		146,196
Sunstone Hotel Investors, Inc.	12,888		296,553
Tanger Factory Outlet Centers, Inc.	5,800		140,418
Tarragon Realty Investors, Inc. (a)	3,858		84,567
Taubman Centers, Inc.	12,222		387,926
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate - continued
Tejon Ranch Co. (a)	2,241		$ 116,308
The Macerich Co.	14,041		885,004
The Mills Corp.	10,552		606,529
The St. Joe Co.	15,219		1,200,323
Thornburg Mortgage, Inc. (SBI)	16,119		486,633
Town & Country Trust	5,100		140,505
Trammell Crow Co. (a)	6,244		140,802
Transcontinental Realty Investors, Inc. (a)	600		12,120
Trizec Properties, Inc.	24,700		481,897
Trustreet Properties, Inc.	10,492		165,249
U-Store-It Trust	3,335		63,032
United Capital Corp. (a)	1,894		45,172
United Dominion Realty Trust, Inc. (SBI)	34,239		789,209
United Mobile Homes, Inc.	4,571		66,965
Universal Health Realty Income Trust (SBI)	5,117		189,175
Urstadt Biddle Properties, Inc.	365		5,997
Urstadt Biddle Properties, Inc. Class A	7,415		122,051
Ventas, Inc.	16,496		470,796
Vornado Operating Co. (a)	60		165
Vornado Realty Trust	22,766		1,791,684
W.P. Carey & Co. LLC	6,483		187,683
Washington Real Estate Investment Trust (SBI)	11,409		354,820
Weingarten Realty Investors (SBI)	19,550		743,096
Winston Hotels, Inc.	7,079		74,330
			68,539,482
Thrifts & Mortgage Finance - 1.9%
Accredited Home Lenders Holding Co. (a)	2,591		108,744
Anchor BanCorp Wisconsin, Inc.	7,806		215,602
Astoria Financial Corp.	18,225		501,917
Bank Mutual Corp.	15,096		163,641
BankAtlantic Bancorp, Inc. Class A (non-vtg.)	9,000		159,660
BankUnited Financial Corp. Class A	5,100		126,021
BCSB Bankcorp, Inc.	3,011		42,154
Berkshire Hills Bancorp, Inc.	1,240		39,494
Brookline Bancorp, Inc., Delaware	10,845		164,844
Camco Financial Corp.	404		5,830
Capital Crossing Bank (a)	2,000		64,960
Capitol Federal Financial	4,232		140,164
CFS Bancorp, Inc.	800		10,488
Charter Financial Corp., Georgia	517		17,992
Charter Municipal Mortgage Acceptance Co.	12,910		280,147
Citizens First Financial Corp.	600		20,106
Citizens South Banking Corp.	3,732		47,135
City Bank Lynnwood, Washington	1,594		49,573
Clifton Savings Bancorp, Inc.	14,601		153,018
Coastal Financial Corp.	7,310		108,992
Commercial Capital Bancorp, Inc.	15,540		263,403
	Shares		Value
Commercial Federal Corp.	6,450		$ 161,315
Corus Bankshares, Inc.	5,600		287,392
Countrywide Financial Corp.	121,296		4,508,572
Dime Community Bancshares, Inc.	7,725		116,648
Doral Financial Corp.	18,000		208,620
Downey Financial Corp.	4,495		337,215
E-Loan, Inc. (a)	6,026		17,174
ESB Financial Corp.	5,043		67,173
Fannie Mae	212,419		12,583,702
Farmer Mac Class A (multi-vtg.)	700		9,744
Fidelity Bankshares, Inc.	6,982		172,805
First Busey Corp.	2,641		49,492
First Defiance Financial Corp.	3,067		82,012
First Financial Holdings, Inc.	3,500		99,540
First Financial Service Corp.	1,846		47,350
First Niagara Financial Group, Inc.	33,807		440,167
First Place Financial Corp.	3,046		59,976
FirstFed Financial Corp., Delaware (a)	3,873		209,839
Flagstar Bancorp, Inc.	7,834		154,800
Flushing Financial Corp.	3,135		52,950
Franklin Bank Corp. (a)	10,118		173,018
Freddie Mac	150,869		9,812,520
Fremont General Corp.	11,400		245,214
Golden West Financial Corp., Delaware	63,076		3,949,819
Greater Delaware Valley Savings Bank	1,542		34,001
Guaranty Federal Bancshares, Inc.	900		20,925
Harbor Florida Bancshares, Inc.	4,705		167,357
Heritage Financial Corp., Washington	1,300		28,275
Hingham Institution for Savings	1,466		60,766
Home City Financial Corp.	800		12,760
Home Federal Bancorp	2,206		53,826
Horizon Financial Corp.	4,727		95,013
Hudson City Bancorp, Inc.	17,048		587,304
Independence Community Bank Corp.	16,871		632,325
IndyMac Bancorp, Inc.	13,431		552,686
ITLA Capital Corp. (a)	900		44,838
KNBT Bancorp, Inc.	11,351		169,243
MAF Bancorp., Inc.	6,431		273,703
MASSBANK Corp.	742		26,452
MGIC Investment Corp.	20,114		1,233,793
NASB Financial, Inc.	1,172		45,696
NetBank, Inc.	7,793		64,760
New York Community Bancorp, Inc.	56,343		1,026,569
NewAlliance Bancshares, Inc.	28,814		397,345
NewMil Bancorp, Inc.	2,298		70,089
Northwest Bancorp, Inc.	6,200		123,380
OceanFirst Financial Corp.	5,699		122,529
Ocwen Financial Corp. (a)	13,732		99,282
Pacific Premier Bancorp, Inc. (a)	40		419
Pamrapo Bancorp, Inc.	2,741		60,028
Parkvale Financial Corp.	500		13,900
Partners Trust Financial Group, Inc.	15,509		160,053
People's Bank, Connecticut	34,407		974,062
Peoples Bancorp, Auburn, Indiana	300		5,909
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Thrifts & Mortgage Finance - continued
PFF Bancorp, Inc.	7,650		$ 222,156
PFS Bancorp, Inc.	100		2,265
Provident Bancorp, Inc., Delaware	7,401		86,666
Provident Financial Holdings, Inc.	1,350		37,557
Provident Financial Services, Inc.	13,171		234,180
PVF Capital Corp.	3,712		51,192
R&G Financial Corp. Class B	5,100		73,542
Radian Group, Inc.	17,444		800,331
Riverview Bancorp, Inc.	2,511		53,987
Sovereign Bancorp, Inc.	79,362		1,771,360
Sterling Financial Corp., Washington	6,824		241,228
TF Financial Corp.	1,583		45,907
The PMI Group, Inc.	17,899		676,582
Timberland Bancorp, Inc.	2,452		56,421
Union Community Bancorp	658		10,725
United Community Financial Corp., Ohio	5,530		58,120
W Holding Co., Inc.	28,060		253,382
Washington Federal, Inc.	21,759		496,540
Washington Mutual, Inc.	187,082		7,726,487
Webster Financial Corp.	8,895		417,176
Westfield Financial, Inc.	2,266		54,203
Willow Grove Bancorp, Inc.	4,146		63,210
WSFS Financial Corp.	2,374		132,184
			57,253,631
TOTAL FINANCIALS			621,120,009
HEALTH CARE - 13.3%
Biotechnology - 1.8%
Aastrom Biosciences, Inc. (a)	1,900		5,206
Abgenix, Inc. (a)	20,350		146,520
Affymetrix, Inc. (a)	12,000		641,880
Albany Molecular Research, Inc. (a)	4,800		57,168
Alexion Pharmaceuticals, Inc. (a)	9,248		210,392
Alkermes, Inc. (a)	15,049		174,568
Alliance Pharmaceutical Corp. (a)	300		69
Amgen, Inc. (a)	278,796		17,447,054
Amylin Pharmaceuticals, Inc. (a)	19,067		304,691
Aphton Corp. (a)	3,000		2,070
Applera Corp.:
- Applied Biosystems Group	44,853		960,303
- Celera Genomics Group (a)	18,037		178,927
Arena Pharmaceuticals, Inc. (a)	5,200		35,620
ARIAD Pharmaceuticals, Inc. (a)	6,185		37,296
ArQule, Inc. (a)	3,400		22,270
Array Biopharma, Inc. (a)	21,015		131,134
Avant Immunotherapeutics, Inc. (a)	2,169		3,080
AVI BioPharma, Inc. (a)	2,700		6,372
Avigen, Inc. (a)	1,600		4,784
Axonyx, Inc. (a)	22,314		28,785
BioCryst Pharmaceuticals, Inc. (a)	1,700		7,922
	Shares		Value
Biogen Idec, Inc. (a)	75,294		$ 2,943,995
BioMarin Pharmaceutical, Inc. (a)	7,248		49,286
Biopure Corp. Class A (a)	907		1,442
BioSource International, Inc. (a)	2,633		26,751
BioSphere Medical, Inc. (a)	800		3,768
BioTime, Inc. (a)	400		240
Caliper Life Sciences, Inc. (a)	4,716		29,051
Celgene Corp. (a)	35,262		1,492,993
Cell Genesys, Inc. (a)	5,600		32,536
Cell Therapeutics, Inc. (a)	4,949		14,699
Cephalon, Inc. (a)	14,328		607,794
Cepheid, Inc. (a)	4,999		45,491
Charles River Laboratories International, Inc. (a)	14,251		685,331
Chiron Corp. (a)	22,529		845,739
Ciphergen Biosystems, Inc. (a)	2,209		4,551
Corixa Corp. (a)	6,501		27,629
Cryo-Cell International, Inc. (a)	8,023		28,883
Cubist Pharmaceuticals, Inc. (a)	16,366		163,824
CuraGen Corp. (a)	4,779		20,454
CV Therapeutics, Inc. (a)	10,344		209,156
Cytogen Corp. (a)	370		2,005
Cytokinetics, Inc.	12,030		64,962
Dendreon Corp. (a)	18,158		96,056
Digene Corp. (a)	2,716		68,335
Discovery Partners International, Inc. (a)	214		631
Diversa Corp. (a)	6,100		30,500
DOV Pharmaceutical, Inc. (a)	2,861		43,201
Dyax Corp. (a)	9,586		44,575
Embrex, Inc. (a)	2,200		24,684
Encysive Pharmaceuticals, Inc. (a)	14,400		146,880
EntreMed, Inc. (a)	3,700		9,879
Enzo Biochem, Inc.	5,106		77,969
Enzon Pharmaceuticals, Inc. (a)	4,594		27,886
Epimmune, Inc. (a)	3,100		2,719
Exact Sciences Corp. (a)	3,245		9,411
Exelixis, Inc. (a)	12,268		86,121
Eyetech Pharmaceuticals, Inc. (a)	6,840		87,757
Genaera Corp. (a)	7,533		15,141
Gene Logic, Inc. (a)	4,200		14,154
Genelabs Technologies, Inc. (a)	9,800		4,116
Genentech, Inc. (a)	103,074		8,168,615
Genitope Corp. (a)	11,809		153,635
Genta, Inc. (a)	23,275		25,835
GenVec, Inc. (a)	17,041		31,526
Genzyme Corp. (a)	50,970		3,180,018
Geron Corp. (a)	3,759		30,072
Gilead Sciences, Inc. (a)	95,836		3,910,109
GTC Biotherapeutics, Inc. (a)	4,100		5,494
Harvard Bioscience, Inc. (a)	786		2,531
Hemispherx Biopharma, Inc. (a)	800		1,280
Human Genome Sciences, Inc. (a)	30,411		343,036
Icoria, Inc. (a)	4,800		1,152
ICOS Corp. (a)	10,865		234,684
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Idenix Pharmaceuticals, Inc.	3,770		$ 76,983
ImClone Systems, Inc. (a)	15,006		497,299
Immune Response Corp. (a)	1,525		1,068
ImmunoGen, Inc. (a)	2,572		15,329
Immunomedics, Inc. (a)	5,227		9,409
Incyte Corp. (a)	25,016		190,872
Indevus Pharmaceuticals, Inc. (a)	8,080		27,714
InterMune, Inc. (a)	3,546		42,587
Introgen Therapeutics, Inc. (a)	5,766		41,169
Invitrogen Corp. (a)	12,195		967,429
Isis Pharmaceuticals, Inc. (a)	7,200		26,352
Kendle International, Inc. (a)	2,900		33,437
Kosan Biosciences, Inc. (a)	1,712		8,098
La Jolla Pharmaceutical Co. (a)	10,419		8,439
Large Scale Biology Corp. (a)	500		410
Lexicon Genetics, Inc. (a)	5,448		26,368
Ligand Pharmaceuticals, Inc. Class B (a)	15,564		90,894
Luminex Corp. (a)	2,179		21,703
MannKind Corp.	11,612		150,724
Martek Biosciences (a)	8,435		315,385
Maxim Pharmaceuticals, Inc. (a)	1,500		2,280
Maxygen, Inc. (a)	5,600		43,848
Medarex, Inc. (a)	25,798		195,549
MedImmune, Inc. (a)	51,858		1,369,051
Millennium Pharmaceuticals, Inc. (a)	69,267		579,765
Myriad Genetics, Inc. (a)	10,926		179,842
Nabi Biopharmaceuticals (a)	10,423		128,099
Nanogen, Inc. (a)	1,100		4,488
Neogen Corp. (a)	1,625		23,662
Neopharm, Inc. (a)	3,269		32,069
NeoRX Corp. (a)	4,739		2,701
Neose Technologies, Inc. (a)	1,356		3,566
Neurocrine Biosciences, Inc. (a)	6,873		258,906
Neurogen Corp. (a)	500		3,380
Northfield Laboratories, Inc. (a)	9,454		123,469
Novavax, Inc. (a)	5,764		7,897
NPS Pharmaceuticals, Inc. (a)	5,449		63,045
Nuvelo, Inc. (a)	1,431		10,618
ONYX Pharmaceuticals, Inc. (a)	7,174		179,278
Orchid BioSciences, Inc. (a)	3,164		30,754
Orthologic Corp. (a)	7,445		30,227
Oscient Pharmaceuticals Corp. (a)	5,546		9,151
OSI Pharmaceuticals, Inc. (a)	11,998		445,966
Palatin Technologies, Inc. (a)	11,411		23,050
Peregrine Pharmaceuticals, Inc. (a)	8,337		9,671
Pharmacopeia Drug Discovery, Inc. (a)	2,082		10,077
Pharmacyclics, Inc. (a)	4,032		32,337
Pharmion Corp. (a)	5,030		102,260
PRAECIS Pharmaceuticals, Inc. (a)	8,753		5,777
Progenics Pharmaceuticals, Inc. (a)	2,119		42,380
Protein Design Labs, Inc. (a)	31,187		595,672
	Shares		Value
Regeneron Pharmaceuticals, Inc. (a)	12,628		$ 78,672
Renovis, Inc. (a)	8,456		112,042
Repligen Corp. (a)	5,105		11,690
Rigel Pharmaceuticals, Inc. (a)	7,216		129,094
Sangamo Biosciences, Inc. (a)	1,300		4,875
Savient Pharmaceuticals, Inc. (a)	6,200		20,832
SciClone Pharmaceuticals, Inc. (a)	6,560		16,334
Seattle Genetics, Inc. (a)	6,835		33,013
Sequenom, Inc. (a)	7,440		7,068
Serologicals Corp. (a)	14,917		320,566
Sirna Therapeutics, Inc. (a)	9,506		20,913
Solexa, Inc. (a)	50		305
Sonus Pharmaceuticals, Inc. (a)	200		648
Spectrum Pharmaceuticals, Inc. (a)	192		1,000
StemCells, Inc. (a)	6,132		25,448
Strategic Diagnostics, Inc. (a)	3,100		8,711
Tanox, Inc. (a)	5,060		50,094
Tapestry Pharmaceuticals, Inc. (a)	6,300		3,528
Targeted Genetics Corp. (a)	2,723		2,260
Techne Corp. (a)	8,507		396,426
Telik, Inc. (a)	11,107		158,386
Third Wave Technologies, Inc. (a)	7,202		27,080
Titan Pharmaceuticals, Inc. (a)	1,300		2,795
Transgenomic, Inc. (a)	1,800		1,224
Transkaryotic Therapies, Inc. (a)	5,302		180,215
Trimeris, Inc. (a)	2,400		24,360
United Therapeutics Corp. (a)	3,755		187,600
Vertex Pharmaceuticals, Inc. (a)	20,829		289,940
Vical, Inc. (a)	1,900		7,220
Vicuron Pharmaceuticals, Inc. (a)	17,057		281,099
Vion Pharmaceuticals, Inc. (a)	4,500		10,935
Viragen, Inc. (a)	1,410		776
ViroLogic, Inc. (a)	16,850		46,001
ViroPharma, Inc. (a)	4,741		20,623
XOMA Ltd. (a)	11,000		15,400
Zymogenetics, Inc. (a)	13,884		241,720
			54,424,090
Health Care Equipment & Supplies - 2.4%
Abaxis, Inc. (a)	4,040		42,218
Abiomed, Inc. (a)	4,599		43,093
Advanced Medical Optics, Inc. (a)	15,395		594,401
Advanced Neuromodulation Systems, Inc. (a)	3,216		114,361
AeroGen, Inc. (a)	1,920		1,344
Aksys Ltd. (a)	2,300		6,900
Align Technology, Inc. (a)	12,048		87,589
American Medical Systems Holdings, Inc. (a)	23,426		467,583
Analogic Corp.	2,200		93,478
Animas Corp.	9,372		167,853
Arrow International, Inc.	6,467		218,585
Arthrocare Corp. (a)	3,607		116,290
Aspect Medical Systems, Inc. (a)	4,015		129,122
Atrion Corp.	200		13,070
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Bausch & Lomb, Inc.	11,293		$ 881,870
Baxter International, Inc.	133,803		4,937,331
Beckman Coulter, Inc.	13,423		940,415
Becton, Dickinson & Co.	49,896		2,866,525
Bio-Rad Laboratories, Inc. Class A (a)	322		17,349
BioLase Technology, Inc.	3,357		23,700
Biomet, Inc.	50,453		1,901,574
Biosite, Inc. (a)	5,103		279,185
BioVeris Corp. (a)	5,668		28,850
Boston Scientific Corp. (a)	132,356		3,585,524
Bruker BioSciences Corp. (a)	12,425		52,185
C.R. Bard, Inc.	22,235		1,517,539
Candela Corp. (a)	4,492		45,953
Cantel Medical Corp. (a)	9,146		280,782
Cardiac Science, Inc. (a)	11,725		11,491
Cardiodynamics International Corp. (a)	8,210		18,226
Cardiogenesis Corp. (a)	300		123
Cerus Corp. (a)	3,000		12,270
Cholestech Corp. (a)	2,955		27,038
Clarient, Inc. (a)	3,500		4,970
Closure Medical Corp. (a)	1,400		37,758
Conceptus, Inc. (a)	3,357		17,893
CONMED Corp. (a)	4,900		153,566
Cooper Companies, Inc.	9,133		603,235
Curon Medical, Inc. (a)	9,985		6,490
Cyberonics, Inc. (a)	3,730		136,108
Cygnus, Inc. (a)	12,300		1,599
Cytyc Corp. (a)	22,177		519,164
Dade Behring Holdings, Inc.	10,275		686,884
Datascope Corp.	2,900		88,276
DENTSPLY International, Inc.	15,752		898,652
Diagnostic Products Corp.	5,861		255,188
DiaSys Corp. (a)	2,600		806
DJ Orthopedics, Inc. (a)	6,919		192,002
Edwards Lifesciences Corp. (a)	12,817		585,865
Encore Medical Corp. (a)	8,288		42,103
Epix Pharmaceuticals, Inc. (a)	3,458		27,422
Exactech, Inc. (a)	2,290		30,686
Fisher Scientific International, Inc. (a)	24,738		1,545,135
Fonar Corp. (a)	20,925		24,482
Foxhollow Technologies, Inc.	2,656		100,662
Gen-Probe, Inc. (a)	12,054		468,418
Guidant Corp.	68,173		5,037,303
Haemonetics Corp. (a)	7,964		324,135
Hillenbrand Industries, Inc.	12,334		622,374
Hologic, Inc. (a)	3,770		138,774
Hospira, Inc. (a)	34,107		1,298,795
I-Flow Corp. (a)	9,419		153,906
ICU Medical, Inc. (a)	2,550		84,074
IDEXX Laboratories, Inc. (a)	7,417		428,183
Illumina, Inc. (a)	2,200		23,100
	Shares		Value
Immucor, Inc. (a)	11,980		$ 401,330
Implant Sciences Corp. (a)	200		568
INAMED Corp. (a)	8,339		518,936
Integra LifeSciences Holdings Corp. (a)	4,000		133,680
Intermagnetics General Corp. (a)	4,575		132,080
IntraLase Corp.	656		12,720
Intuitive Surgical, Inc. (a)	10,288		509,256
Invacare Corp.	4,954		220,998
Inverness Medical Innovations, Inc. (a)	10,197		288,575
IRIS International, Inc. (a)	7,093		135,547
IVAX Diagnostics, Inc. (a)	3,600		16,740
Kensey Nash Corp. (a)	1,410		38,352
Kewaunee Scientific Corp.	1,601		12,792
Kinetic Concepts, Inc. (a)	11,653		748,705
Kyphon, Inc. (a)	9,116		261,538
Laserscope, Inc. (a)	3,916		134,828
LifeCell Corp. (a)	5,000		66,300
Matthews International Corp. Class A	8,668		320,629
Med-Design Corp. (a)	2,700		1,836
Medical Action Industries, Inc. (a)	2,800		49,644
Medtronic, Inc.	265,927		14,293,576
Mentor Corp.	7,200		294,552
Merit Medical Systems, Inc. (a)	3,204		46,875
Mesa Laboratories, Inc.	2,127		25,758
Micro Therapeutics, Inc. (a)	5,700		22,800
Microtek Medical Holdings, Inc. (a)	9,444		33,243
Millipore Corp. (a)	14,628		753,196
Molecular Devices Corp. (a)	2,702		52,203
Nektar Therapeutics (a)	19,726		360,591
Neoprobe Corp. (a)	100		33
New Brunswick Scientific, Inc. (a)	3,243		17,350
North American Scientific, Inc. (a)	2,705		8,115
Novoste Corp. (a)	3,406		2,827
NuVasive, Inc.	299		4,694
OraSure Technologies, Inc. (a)	3,529		29,326
Osteotech, Inc. (a)	2,870		8,294
Palomar Medical Technologies, Inc. (a)	9,049		206,770
PerkinElmer, Inc.	23,696		453,304
Physiometrix, Inc. (a)	2,800		2,016
PLC Systems, Inc. (a)	400		240
PolyMedica Corp.	4,741		166,409
Possis Medical, Inc. (a)	3,100		32,643
Precision Optics Corp., Inc. (a)	650		501
Quidel Corp. (a)	6,286		27,533
Regeneration Technologies, Inc. (a)	2,516		16,933
ResMed, Inc. (a)	6,602		412,427
Respironics, Inc. (a)	7,763		518,879
Retractable Technologies, Inc. (a)	5,112		16,103
Sonic Innovations, Inc. (a)	3,300		14,355
SonoSight, Inc. (a)	1,170		35,919
St. Jude Medical, Inc. (a)	76,286		3,060,594
Staar Surgical Co. (a)	3,331		13,091
Steris Corp. (a)	15,648		378,682
Stryker Corp.	59,276		2,883,777
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
SurModics, Inc. (a)	2,500		$ 98,550
Sybron Dental Specialties, Inc. (a)	7,841		290,666
Symmetry Medical, Inc.	1,032		23,055
Synovis Life Technologies, Inc. (a)	1,000		7,650
Theragenics Corp. (a)	1,300		4,459
Thermo Electron Corp. (a)	32,874		865,244
Thoratec Corp. (a)	7,700		115,038
TriPath Imaging, Inc. (a)	4,200		36,078
Urologix, Inc. (a)	3,800		16,606
Varian Medical Systems, Inc. (a)	27,885		1,048,755
Varian, Inc. (a)	8,355		310,806
Vasomedical, Inc. (a)	14,900		8,940
Ventana Medical Systems, Inc. (a)	9,905		418,486
Viasys Healthcare, Inc. (a)	4,892		113,739
Vital Signs, Inc.	1,338		56,423
Waters Corp. (a)	24,701		959,634
West Pharmaceutical Services, Inc.	12,289		342,126
Wilson Greatbatch Technologies, Inc. (a)	3,200		76,928
Wright Medical Group, Inc. (a)	4,700		129,438
Young Innovations, Inc.	2,100		77,994
Zimmer Holdings, Inc. (a)	52,184		3,996,251
Zoll Medical Corp. (a)	1,593		37,818
			71,295,172
Health Care Providers & Services - 3.0%
A.D.A.M., Inc. (a)	1,800		10,242
Accelrys, Inc. (a)	4,164		21,986
Accredo Health, Inc. (a)	11,698		524,304
Advisory Board Co. (a)	2,400		108,384
Aetna, Inc.	66,011		5,149,518
Alliance Imaging, Inc. (a)	4,463		44,764
Allscripts Healthcare Solutions, Inc. (a)	3,266		53,432
Amedisys, Inc. (a)	5,851		176,759
American Healthways, Inc. (a)	9,126		358,378
American Retirement Corp. (a)	17,881		244,791
AMERIGROUP Corp. (a)	9,870		387,299
AmerisourceBergen Corp.	24,562		1,585,968
AMICAS, Inc. (a)	8,154		34,736
AMN Healthcare Services, Inc. (a)	4,609		66,554
AmSurg Corp. (a)	5,619		151,488
Andrx Corp. (a)	16,643		332,527
Apria Healthcare Group, Inc. (a)	11,154		351,351
Beverly Enterprises, Inc. (a)	17,069		211,144
BioScrip, Inc. (a)	7,133		37,306
BriteSmile, Inc. (a)	465		1,628
Cardinal Health, Inc.	94,049		5,448,259
Caremark Rx, Inc. (a)	98,793		4,412,095
Centene Corp. (a)	13,046		419,429
Cerner Corp. (a)	5,257		343,545
Chemed Corp. New	9,456		399,800
CIGNA Corp.	29,657		2,884,143
Claimsnet.com, Inc. (a)	3,100		465
	Shares		Value
Community Health Systems, Inc. (a)	18,582		$ 675,827
Computer Programs & Systems, Inc.	2,132		72,232
Corvel Corp. (a)	1,652		43,844
Covance, Inc. (a)	14,270		623,028
Coventry Health Care, Inc. (a)	21,670		1,508,665
Cross Country Healthcare, Inc. (a)	5,888		99,802
Cryolife, Inc. (a)	3,671		26,615
Curative Health Services, Inc. (a)	2,132		5,479
D & K Healthcare Resources, Inc.	2,600		21,216
DaVita, Inc. (a)	19,513		898,769
Dendrite International, Inc. (a)	6,077		94,194
Eclipsys Corp. (a)	6,205		83,271
eResearchTechnology, Inc. (a)	7,105		86,965
Express Scripts, Inc. (a)	13,712		1,266,852
Five Star Quality Care, Inc. (a)	325		2,217
Genesis HealthCare Corp. (a)	8,848		384,800
Gentiva Health Services, Inc. (a)	7,227		114,837
Hanger Orthopedic Group, Inc. (a)	2,863		14,601
HCA, Inc.	87,286		4,713,444
Health Management Associates, Inc. Class A	46,565		1,174,369
Health Net, Inc. (a)	22,472		769,217
HealthExtras, Inc. (a)	5,684		97,424
HealthTronics Surgical Services, Inc. (a)	6,799		86,279
Henry Schein, Inc. (a)	17,888		720,708
HMS Holdings Corp. (a)	400		2,480
Hooper Holmes, Inc.	6,105		24,420
Humana, Inc. (a)	34,672		1,260,674
IDX Systems Corp. (a)	4,961		158,256
IMS Health, Inc.	49,674		1,219,497
Kindred Healthcare, Inc. (a)	6,240		240,739
LabOne, Inc. (a)	2,500		96,350
Laboratory Corp. of America Holdings (a)	27,444		1,329,662
LCA-Vision, Inc.	2,400		106,032
Lifeline Systems, Inc. (a)	3,400		110,704
LifePoint Hospitals, Inc. (a)	12,602		566,838
Lincare Holdings, Inc. (a)	20,113		884,167
Magellan Health Services, Inc. (a)	6,443		209,204
Manor Care, Inc.	17,936		696,993
Matria Healthcare, Inc. (a)	3,600		102,564
McKesson Corp.	59,323		2,388,937
Medcath Corp. (a)	3,100		80,321
Medco Health Solutions, Inc. (a)	58,696		2,934,800
Medical Staffing Network Holdings, Inc. (a)	4,000		21,720
Medicore, Inc. (a)	3,700		44,030
Molina Healthcare, Inc. (a)	2,918		124,890
National Healthcare Corp.	2,005		66,265
NDCHealth Corp.	9,190		154,024
OCA, Inc. (a)	5,121		20,996
Odyssey Healthcare, Inc. (a)	5,400		71,604
Omnicare, Inc.	23,064		883,812
Omnicell, Inc. (a)	1,700		11,050
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
Option Care, Inc.	6,289		$ 83,644
Owens & Minor, Inc.	11,045		342,395
PacifiCare Health Systems, Inc. (a)	17,844		1,121,139
PAREXEL International Corp. (a)	4,700		85,775
Patterson Companies, Inc. (a)	25,710		1,166,977
PDI, Inc. (a)	1,330		15,960
Pediatrix Medical Group, Inc. (a)	4,263		313,885
Per-Se Technologies, Inc. (a)	8,579		162,744
Pharmaceutical Product Development, Inc. (a)	10,413		503,781
PRA International	5,097		132,675
Priority Healthcare Corp. Class B (a)	9,574		219,053
ProxyMed, Inc. (a)	63		401
PSS World Medical, Inc. (a)	12,500		146,750
Psychiatric Solutions, Inc. (a)	6,886		281,982
Quest Diagnostics, Inc.	16,384		1,720,320
RehabCare Group, Inc. (a)	2,600		72,254
Renal Care Group, Inc. (a)	14,179		655,637
ResCare, Inc. (a)	2,400		31,992
Rural/Metro Corp. (a)	6,200		46,556
SFBC International, Inc. (a)	4,652		162,867
Sierra Health Services, Inc. (a)	7,358		486,143
Specialty Laboratories, Inc. (a)	4,100		33,702
SRI/Surgical Express, Inc. (a)	900		3,942
Sunrise Senior Living, Inc. (a)	3,761		196,136
Symbion, Inc. (a)	10,712		252,803
Tenet Healthcare Corp. (a)	116,486		1,411,810
Triad Hospitals, Inc. (a)	16,598		841,851
Tripos, Inc. (a)	2,100		7,560
TriZetto Group, Inc. (a)	14,245		197,721
U.S. Physical Therapy, Inc. (a)	2,575		41,277
United Surgical Partners International, Inc. (a)	7,163		344,827
UnitedHealth Group, Inc.	286,656		13,925,748
Universal Health Services, Inc. Class B	10,290		601,245
VCA Antech, Inc. (a)	17,470		432,557
Ventiv Health, Inc. (a)	4,733		96,080
VistaCare, Inc. Class A (a)	2,867		51,147
WebMD Corp. (a)	70,089		660,939
Wellcare Health Plans, Inc.	4,400		152,680
WellChoice, Inc. (a)	6,291		359,216
WellPoint, Inc. (a)	65,009		8,646,197
			87,166,347
Pharmaceuticals - 6.1%
Abbott Laboratories	341,685		16,482,884
Able Laboratories, Inc. (a)	2,146		9,163
Acusphere, Inc. (a)	2,800		13,300
Adolor Corp. (a)	4,908		46,920
Advancis Pharmaceutical Corp. (a)	2,800		12,488
Allergan, Inc.	28,626		2,213,076
Alpharma, Inc. Class A	11,537		148,481
	Shares		Value
American Pharmaceutical Partners, Inc. (a)	7,436		$ 326,589
Antigenics, Inc. (a)	5,388		36,100
Atherogenics, Inc. (a)	5,741		81,809
AVANIR Pharmaceuticals Class A (a)	4,197		10,409
Barr Pharmaceuticals, Inc. (a)	20,280		1,030,630
Bentley Pharmaceuticals, Inc. (a)	2,459		26,779
Bone Care International, Inc. (a)	9,767		319,772
Boston Life Sciences, Inc. (a)	1,080		2,376
Bradley Pharmaceuticals, Inc. (a)	1,679		16,807
Bristol-Myers Squibb Co.	427,769		10,848,222
CNS., Inc.	6,781		142,401
Collagenex Pharmaceuticals, Inc. (a)	2,200		10,846
Columbia Laboratories, Inc. (a)	6,021		15,655
Connetics Corp. (a)	5,182		115,403
Cypress Bioscience, Inc. (a)	2,737		33,255
DepoMed, Inc. (a)	6,847		30,264
Discovery Laboratories, Inc. (a)	3,800		26,790
Durect Corp. (a)	8,100		29,079
Eli Lilly & Co.	211,512		12,331,150
Emisphere Technologies, Inc. (a)	3,300		12,804
Endo Pharmaceuticals Holdings, Inc. (a)	19,362		393,049
Eon Labs, Inc. (a)	4,269		130,802
First Horizon Pharmaceutical Corp. (a)	5,254		98,775
Forest Laboratories, Inc. (a)	81,320		3,137,326
Guilford Pharmaceuticals, Inc. (a)	5,365		13,520
Hi-Tech Pharmacal Co., Inc. (a)	1,125		33,818
Hollis-Eden Pharmaceuticals, Inc. (a)	1,300		11,037
Immtech International, Inc. (a)	1,200		15,264
Impax Laboratories, Inc. (a)	12,471		204,524
InKine Pharmaceutical, Inc. (a)	5,100		11,628
Inspire Pharmaceuticals, Inc. (a)	14,671		95,362
IntraBiotics Pharmaceuticals, Inc. (a)	83		286
IVAX Corp. (a)	48,890		960,689
Johnson & Johnson	652,010		43,749,871
King Pharmaceuticals, Inc. (a)	47,748		451,696
Kos Pharmaceuticals, Inc. (a)	6,000		346,380
KV Pharmaceutical Co. Class A (a)	7,618		151,598
MacroChem Corp. (a)	11,973		2,993
Matrixx Initiatives, Inc. (a)	3,106		32,737
Medicines Co. (a)	11,081		243,117
Medicis Pharmaceutical Corp. Class A	12,693		357,689
Merck & Co., Inc.	487,835		15,825,367
MGI Pharma, Inc. (a)	16,101		373,543
Mylan Laboratories, Inc.	52,568		867,372
NitroMed, Inc. (a)	5,916		113,232
Noven Pharmaceuticals, Inc. (a)	3,292		59,256
Pain Therapeutics, Inc. (a)	2,439		12,805
Par Pharmaceutical Companies, Inc. (a)	7,763		248,416
Penwest Pharmaceuticals Co. (a)	2,797		33,788
Perrigo Co.	23,511		365,361
Pfizer, Inc.	1,653,979		46,146,014
Pharmos Corp. (a)	2,500		7,175
Pozen, Inc. (a)	2,637		19,435
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Pure World, Inc. (a)	330		$ 653
Salix Pharmaceuticals Ltd. (a)	11,110		194,536
Santarus, Inc.	12,251		36,385
Schering-Plough Corp.	325,602		6,349,239
Sepracor, Inc. (a)	25,228		1,532,853
SuperGen, Inc. (a)	5,699		28,666
Theravance, Inc.	8,600		151,274
Valeant Pharmaceuticals International	17,693		365,007
Vivus, Inc. (a)	7,556		17,983
Watson Pharmaceuticals, Inc. (a)	21,818		655,849
Wyeth	291,567		12,645,261
Zila, Inc. (a)	4,200		12,180
			180,877,263
TOTAL HEALTH CARE			393,762,872
INDUSTRIALS - 10.4%
Aerospace & Defense - 1.9%
AAR Corp. (a)	5,766		92,487
AeroCentury Corp. (a)	800		2,528
Alliant Techsystems, Inc. (a)	8,470		607,299
Applied Signal Technology, Inc.	1,900		33,250
Armor Holdings, Inc. (a)	6,884		259,871
Astronics Corp. (a)	2,300		18,515
Aviall, Inc. (a)	8,724		268,525
BE Aerospace, Inc. (a)	13,931		201,582
Ceradyne, Inc. (a)	3,330		76,890
Cubic Corp.	4,719		83,054
Curtiss-Wright Corp.	6,106		333,876
DHB Industries, Inc. (a)	8,958		70,410
DRS Technologies, Inc. (a)	4,170		196,324
Ducommun, Inc. (a)	2,600		42,770
EDO Corp.	3,300		93,951
Engineered Support Systems, Inc.	11,064		431,496
Esterline Technologies Corp. (a)	8,006		311,433
GenCorp, Inc. (non-vtg.) (a)	8,900		168,210
General Dynamics Corp.	35,965		3,883,501
Goodrich Corp.	27,167		1,137,211
Heico Corp. Class A	4,932		82,808
Herley Industries, Inc. (a)	3,031		53,073
Hexcel Corp. (a)	10,048		164,184
Honeywell International, Inc.	169,195		6,129,935
Irvine Sensors Corp. (a)	430		886
Kaman Corp. Class A	3,803		58,832
KVH Industries, Inc. (a)	1,539		14,297
L-3 Communications Holdings, Inc.	25,084		1,775,446
Ladish Co., Inc. (a)	4,837		53,691
Lockheed Martin Corp.	76,608		4,971,093
Mercury Computer Systems, Inc. (a)	3,219		93,029
Moog, Inc. Class A (a)	6,493		197,063
MTC Technologies, Inc. (a)	2,500		83,825
	Shares		Value
Northrop Grumman Corp.	76,782		$ 4,278,293
Orbital Sciences Corp. (a)	7,700		74,767
Precision Castparts Corp.	13,960		1,085,111
Raytheon Co.	98,974		3,875,822
Rockwell Collins, Inc.	34,344		1,696,250
Sequa Corp. Class A (a)	3,474		201,492
Sypris Solutions, Inc.	2,700		28,458
Teledyne Technologies, Inc. (a)	8,359		264,312
The Boeing Co.	163,117		10,423,176
Triumph Group, Inc. (a)	5,105		181,125
United Defense Industries, Inc.	10,835		807,316
United Industrial Corp.	3,200		110,880
United Technologies Corp.	103,603		11,054,440
			56,072,787
Air Freight & Logistics - 0.6%
ABX Air, Inc. (a)	14,266		107,280
C.H. Robinson Worldwide, Inc.	18,094		1,034,434
EGL, Inc. (a)	7,073		134,599
Expeditors International of Washington, Inc.	22,856		1,165,199
FedEx Corp.	60,746		5,431,907
Forward Air Corp.	5,850		157,073
Hub Group, Inc. Class A (a)	7,324		201,264
Pacer International, Inc. (a)	6,536		149,086
Ryder System, Inc.	12,089		444,150
United Parcel Service, Inc. Class B	125,726		9,259,720
			18,084,712
Airlines - 0.2%
AirTran Holdings, Inc. (a)	17,335		169,190
Alaska Air Group, Inc. (a)	3,800		112,176
America West Holding Corp. Class B (a)	5,789		32,418
AMR Corp. (a)	28,439		366,863
Continental Airlines, Inc. Class B (a)	17,076		236,673
Delta Air Lines, Inc. (a)	17,558		67,598
ExpressJet Holdings, Inc. Class A (a)	6,752		58,270
FLYi, Inc. (a)	6,900		5,244
Frontier Airlines, Inc. (a)	5,731		69,976
Great Lakes Aviation Ltd. (a)	200		102
JetBlue Airways Corp. (a)	21,380		464,587
MAIR Holdings, Inc. (a)	5,296		50,524
Mesa Air Group, Inc. (a)	6,156		39,275
Midwest Air Group, Inc. (a)	400		784
Northwest Airlines Corp. (a)	11,900		72,471
Pinnacle Airlines Corp. (a)	9,920		97,216
Republic Airways Holdings, Inc.	12,142		154,932
SkyWest, Inc.	12,324		224,790
Southwest Airlines Co.	145,014		2,109,954
UAL Corp. (a)	10,300		13,699
			4,346,742
Building Products - 0.2%
Aaon, Inc. (a)	2,245		40,186
American Standard Companies, Inc.	39,346		1,684,009
American Woodmark Corp.	2,800		94,108
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Building Products - continued
Ameron International Corp.	600		$ 19,800
Apogee Enterprises, Inc.	6,451		90,249
Armstrong Holdings, Inc. (a)	6,800		20,876
ElkCorp	9,004		297,132
Griffon Corp. (a)	5,280		105,230
International Smart Sourcing, Inc. (a)	2,500		1,125
Jacuzzi Brands, Inc. (a)	13,065		133,394
Lennox International, Inc.	8,762		186,105
Masco Corp.	96,151		3,078,755
NCI Building Systems, Inc. (a)	3,382		116,814
Owens Corning (a)	3,370		15,502
Patrick Industries, Inc. (a)	600		5,374
PW Eagle, Inc. (a)	700		4,606
Quixote Corp.	700		13,636
Simpson Manufacturing Co. Ltd.	7,308		210,032
Trex Co., Inc. (a)	1,400		53,970
Universal Forest Products, Inc.	2,769		110,206
USG Corp. (a)	6,027		276,338
Water Pik Technologies, Inc. (a)	2,441		45,354
York International Corp.	8,938		368,246
			6,971,047
Commercial Services & Supplies - 1.2%
Ablest, Inc. (a)	1,000		6,840
ABM Industries, Inc.	7,481		142,663
Adesa, Inc.	20,108		458,060
Administaff, Inc.	4,813		102,806
Allied Waste Industries, Inc. (a)	55,202		425,607
Angelica Corp.	2,100		55,587
APAC Customer Services, Inc. (a)	4,300		4,128
Aramark Corp. Class B	21,726		567,266
Asset Acceptance Capital Corp. (a)	6,300		154,791
Avery Dennison Corp.	21,046		1,103,863
Banta Corp.	6,386		280,473
Barrett Business Services, Inc. (a)	2,100		30,366
Bowne & Co., Inc.	5,206		68,980
Brady Corp. Class A	11,908		364,028
Butler International, Inc. (a)	1,300		4,290
Casella Waste Systems, Inc. Class A (a)	2,426		27,681
CDI Corp.	5,992		127,869
Cendant Corp.	225,865		4,790,597
Central Parking Corp.	6,193		104,662
Century Business Services, Inc. (a)	8,370		33,564
Cenveo, Inc. (a)	2,267		18,997
ChoicePoint, Inc. (a)	19,249		755,716
Cintas Corp.	28,271		1,141,300
Clean Harbors, Inc. (a)	3,500		72,625
Coinstar, Inc. (a)	2,900		54,926
Comsys IT Partners, Inc. (a)	36		609
Consolidated Graphics, Inc. (a)	2,700		114,291
Copart, Inc. (a)	16,143		400,185
Cornell Companies, Inc. (a)	1,400		17,976
	Shares		Value
Corporate Executive Board Co.	9,313		$ 649,861
Correctional Services Corp. (a)	27		78
Corrections Corp. of America (a)	8,596		310,316
CoStar Group, Inc. (a)	4,571		183,663
CRA International, Inc. (a)	1,135		64,684
Deluxe Corp.	13,718		554,344
DiamondCluster International, Inc. (a)	5,700		74,556
Dun & Bradstreet Corp. (a)	12,970		796,877
Duratek, Inc. (a)	4,075		89,365
Ennis, Inc.	3,703		58,841
Equifax, Inc.	28,539		990,018
First Consulting Group, Inc. (a)	4,925		25,512
FTI Consulting, Inc. (a)	14,757		324,506
G&K Services, Inc. Class A	3,800		149,568
General Binding Corp. (a)	3,209		66,394
Gevity HR, Inc.	4,273		73,282
GP Strategies Corp. (a)	1,600		11,360
Healthcare Services Group, Inc.	3,825		71,528
Heidrick & Struggles International, Inc. (a)	7,564		189,932
Herman Miller, Inc.	15,241		443,666
HNI Corp.	11,326		584,308
Hudson Highland Group, Inc. (a)	1,394		22,318
Huron Consulting Group, Inc.	656		15,068
ICT Group, Inc. (a)	3,827		35,553
IKON Office Solutions, Inc.	21,477		208,112
Imagistics International, Inc. (a)	2,908		78,342
Innotrac Corp. (a)	1,400		11,886
Integrated Alarm Services Group, Inc. (a)	3,200		12,960
Intersections, Inc.	7,390		72,053
John H. Harland Co.	4,600		173,282
Kelly Services, Inc. Class A (non-vtg.)	5,329		148,199
Kforce, Inc. (a)	4,757		38,246
Korn/Ferry International (a)	13,581		215,395
Labor Ready, Inc. (a)	13,122		270,838
Learning Tree International, Inc. (a)	3,200		41,184
LECG Corp. (a)	9,531		183,758
Manpower, Inc.	18,377		731,956
McGrath RentCorp.	5,000		115,250
Mine Safety Appliances Co.	6,300		288,603
Mobile Mini, Inc. (a)	2,300		84,916
Monster Worldwide, Inc. (a)	22,419		591,413
Navigant Consulting, Inc. (a)	11,277		258,694
NCO Group, Inc. (a)	4,192		83,253
New Horizons Worldwide, Inc. (a)	1,100		3,971
On Assignment, Inc. (a)	4,700		24,910
PHH Corp. (a)	10,301		247,121
PICO Holdings, Inc. (a)	3,600		93,204
Pitney Bowes, Inc.	52,403		2,337,698
Portfolio Recovery Associates, Inc. (a)	1,417		55,844
PRG-Schultz International, Inc. (a)	9,350		36,091
Prosoft Learning Corp. (a)	517		295
Protection One, Inc. (a)	91		1,820
Providence Service Corp. (a)	1,000		25,260
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
R.R. Donnelley & Sons Co.	50,666		$ 1,684,645
RCM Technologies, Inc. (a)	1,400		6,440
RemedyTemp, Inc. Class A (a)	900		8,730
Republic Services, Inc.	24,342		863,654
Resources Connection, Inc. (a)	15,094		300,672
Robert Half International, Inc.	40,201		1,002,613
Rollins, Inc.	16,860		343,944
Schawk, Inc. Class A	4,100		98,646
School Specialty, Inc. (a)	5,318		208,572
Sirva, Inc. (a)	4,254		33,394
SITEL Corp. (a)	5,091		10,080
SOURCECORP, Inc. (a)	2,700		57,807
Spherion Corp. (a)	10,409		56,937
Spherix, Inc. (a)	2,713		4,639
Standard Register Co.	6,200		87,792
Steelcase, Inc. Class A	15,726		202,865
Stericycle, Inc. (a)	8,694		431,396
TeamStaff, Inc. (a)	1,300		2,132
Teletech Holdings, Inc. (a)	8,551		69,862
Tetra Tech, Inc. (a)	7,506		90,447
The Brink's Co.	11,635		363,128
The Geo Group, Inc. (a)	2,100		50,967
TRC Companies, Inc. (a)	3,000		34,200
TRM Corp. (a)	1,400		22,722
United Stationers, Inc. (a)	7,439		364,734
Venture Catalyst, Inc. (a)	3,800		1,710
Viad Corp.	4,398		122,264
Volt Information Sciences, Inc. (a)	1,400		27,510
Waste Connections, Inc. (a)	10,034		372,061
Waste Management, Inc.	122,720		3,619,013
Watson Wyatt & Co. Holdings Class A	11,347		298,653
West Corp. (a)	2,684		94,316
			34,587,443
Construction & Engineering - 0.1%
Comfort Systems USA, Inc. (a)	9,831		61,837
Dycom Industries, Inc. (a)	8,823		173,284
EMCOR Group, Inc. (a)	2,800		133,000
Fluor Corp.	17,649		1,013,935
Foster Wheeler Ltd. (a)	0		3
Granite Construction, Inc.	6,211		145,648
Infrasource Services, Inc.	15,523		170,753
Insituform Technologies, Inc. Class A (a)	4,200		62,328
Integrated Electrical Services, Inc. (a)	6,433		9,778
Jacobs Engineering Group, Inc. (a)	11,181		587,897
Keith Companies, Inc. (a)	2,200		46,530
MasTec, Inc. (a)	7,936		67,139
McDermott International, Inc. (a)	13,388		285,566
Perini Corp. (a)	11,677		176,089
Quanta Services, Inc. (a)	15,963		144,146
	Shares		Value
Shaw Group, Inc. (a)	13,462		$ 271,259
URS Corp. (a)	9,893		334,680
			3,683,872
Electrical Equipment - 0.5%
A.O. Smith Corp.	4,181		131,116
Active Power, Inc. (a)	8,800		23,584
Acuity Brands, Inc.	9,712		238,430
Alpine Group, Inc.	4,900		7,595
American Power Conversion Corp.	39,268		999,763
American Superconductor Corp. (a)	3,000		26,550
AMETEK, Inc.	14,338		548,142
Arotech Corp. (a)	6,700		7,102
Artesyn Technologies, Inc. (a)	7,688		63,272
Ault, Inc. (a)	2,800		6,972
AZZ, Inc. (a)	1,200		19,212
Baldor Electric Co.	9,962		250,544
Beacon Power Corp. (a)	362		308
C&D Technologies, Inc.	4,438		32,486
Capstone Turbine Corp. (a)	13,000		13,000
Channell Commercial Corp. (a)	800		4,816
Chase Corp.	500		7,040
Cooper Industries Ltd. Class A	18,824		1,297,727
Distributed Energy Systems Corp. (a)	2,200		7,304
Emerson Electric Co.	92,767		6,166,222
Encore Wire Corp. (a)	6,900		75,900
Ener1, Inc. (a)	35,600		16,020
Energy Conversion Devices, Inc. (a)	3,000		57,840
EnerSys	705		7,339
Espey Manufacturing & Electronics Corp.	623		16,634
Evergreen Solar, Inc. (a)	1,700		8,585
Fiberstars, Inc. (a)	3,300		31,185
Franklin Electric Co., Inc.	2,800		107,576
FuelCell Energy, Inc. (a)	16,057		130,704
General Cable Corp. (a)	10,654		149,263
Genlyte Group, Inc. (a)	4,600		204,976
Global Power Equipment Group, Inc. (a)	4,500		34,470
GrafTech International Ltd. (a)	17,313		76,177
Hubbell, Inc. Class B	11,737		533,329
II-VI, Inc. (a)	1,868		30,766
Lamson & Sessions Co. (a)	2,300		25,047
LSI Industries, Inc.	2,625		35,674
M-Wave, Inc. (a)	1,400		1,484
MagneTek, Inc. (a)	3,000		6,630
Medis Technologies Ltd. (a)	3,701		50,963
Merrimac Industries, Inc. (a)	500		4,400
Microvision, Inc. (a)	3,976		25,725
Millennium Cell, Inc. (a)	300		453
Misonix, Inc. (a)	3,000		17,286
Nortech Systems, Inc. (a)	1,634		8,579
Peco II, Inc. (a)	1,400		1,484
Plug Power, Inc. (a)	21,490		133,668
Powell Industries, Inc. (a)	3,100		57,102
Power-One, Inc. (a)	19,279		105,649
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Electrical Equipment - continued
Regal-Beloit Corp.	3,200		$ 82,240
Rockwell Automation, Inc.	34,898		1,792,710
Roper Industries, Inc.	9,724		679,708
SL Industries, Inc. (a)	2,100		35,847
Tech/Ops Sevcon, Inc.	2,100		12,495
Thomas & Betts Corp. (a)	13,947		430,683
Ultralife Batteries, Inc. (a)	600		9,792
UQM Technologies, Inc. (a)	3,800		11,400
Valence Technology, Inc. (a)	10,109		29,923
Valpey Fisher Corp. (a)	2,100		6,531
Vicor Corp.	4,243		56,432
Woodward Governor Co.	2,100		162,477
			15,116,331
Industrial Conglomerates - 3.4%
3M Co.	157,570		12,077,741
Alleghany Corp.	1,578		442,235
Carlisle Companies, Inc.	6,745		467,563
General Electric Co.	2,322,923		84,740,150
Raven Industries, Inc.	4,704		119,858
Standex International Corp.	5,500		147,180
Teleflex, Inc.	6,969		389,916
Textron, Inc.	25,267		1,952,886
Tredegar Corp.	4,428		67,527
Walter Industries, Inc.	6,100		258,640
			100,663,696
Machinery - 1.6%
3D Systems Corp. (a)	2,100		44,520
A.S.V., Inc. (a)	762		27,661
Actuant Corp. Class A (a)	5,852		263,340
AGCO Corp. (a)	16,634		305,400
Alamo Group, Inc.	200		4,080
Albany International Corp. Class A	4,700		146,969
American Science & Engineering, Inc. (a)	1,900		72,409
Astec Industries, Inc. (a)	4,700		103,071
Axsys Technologies, Inc. (a)	1,200		20,448
Badger Meter, Inc.	3,128		117,675
Barnes Group, Inc.	2,775		85,137
Briggs & Stratton Corp.	11,149		377,505
Bucyrus International, Inc. Class A	3,310		118,101
Cascade Corp.	3,079		108,442
Catalytica Energy Systems, Inc. (a)	7,900		15,563
Caterpillar, Inc.	74,202		6,983,150
Circor International, Inc.	727		17,993
CLARCOR, Inc.	12,266		344,552
Columbus McKinnon Corp. (NY Shares) (a)	400		3,776
Commercial Vehicle Group, Inc.	332		6,105
Crane Co.	14,233		373,901
Cummins, Inc.	8,935		607,133
CUNO, Inc. (a)	4,719		335,521
	Shares		Value
Danaher Corp.	55,939		$ 3,083,917
Deere & Co.	53,611		3,546,368
Donaldson Co., Inc.	14,148		454,151
Dover Corp.	46,598		1,764,666
Eaton Corp.	33,202		1,987,140
EnPro Industries, Inc. (a)	4,331		117,240
ESCO Technologies, Inc. (a)	2,300		194,925
Federal Signal Corp.	12,853		200,892
Flanders Corp. (a)	8,338		83,130
Flow International Corp. (a)	600		3,900
Flowserve Corp. (a)	14,100		415,527
Gardner Denver, Inc. (a)	9,605		368,352
Gorman-Rupp Co.	250		5,075
Graco, Inc.	13,504		471,155
Greenbrier Companies, Inc.	2,743		76,036
Harsco Corp.	8,349		484,492
Hirsch International Corp. Class A	900		900
IDEX Corp.	11,184		429,577
Illinois Tool Works, Inc.	56,895		4,803,645
Ingersoll-Rand Co. Ltd. Class A	37,141		2,875,085
ITT Industries, Inc.	18,961		1,801,295
JLG Industries, Inc.	7,894		201,218
Joy Global, Inc.	16,425		616,595
Kadant, Inc. (a)	3,735		76,568
Kaydon Corp.	4,679		133,539
Kennametal, Inc.	8,784		386,496
Lincoln Electric Holdings, Inc.	6,346		207,895
Lindsay Manufacturing Co.	2,086		41,741
Manitowoc Co., Inc.	7,874		319,133
Middleby Corp.	3,744		206,669
Milacron, Inc. (a)	2,759		6,015
Miller Industries, Inc. (a)	360		4,302
Mueller Industries, Inc.	9,020		243,540
NACCO Industries, Inc. Class A	2,373		243,233
Navistar International Corp. (a)	14,447		440,778
Nordson Corp.	5,600		174,104
Oshkosh Truck Co.	7,854		626,278
PACCAR, Inc.	36,856		2,607,562
Pall Corp.	29,731		867,848
Parker Hannifin Corp.	25,153		1,517,480
Pentair, Inc.	20,178		898,123
Robbins & Myers, Inc.	2,641		62,460
SPX Corp.	16,354		726,281
Stewart & Stevenson Services, Inc.	5,320		127,095
Tecumseh Products Co. Class A (non-vtg.)	3,000		82,020
Tennant Co.	1,661		61,955
Terex Corp. (a)	11,676		461,436
Thomas Industries, Inc.	2,392		95,369
Timken Co.	19,136		449,696
Titan International, Inc.	600		8,862
Toro Co.	9,810		422,321
Trinity Industries, Inc.	11,264		327,332
Valmont Industries, Inc.	2,624		62,845
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Wabash National Corp.	8,736		$ 217,614
Wabtec Corp.	7,800		161,460
Watts Water Technologies, Inc. Class A	4,176		145,450
Wolverine Tube, Inc. (a)	200		1,442
			46,882,675
Marine - 0.0%
Alexander & Baldwin, Inc.	10,085		448,278
Kirby Corp. (a)	3,400		145,044
			593,322
Road & Rail - 0.6%
AMERCO (a)	4,600		244,628
Arkansas Best Corp.	4,400		144,012
Burlington Northern Santa Fe Corp.	82,099		4,057,333
Celadon Group, Inc. (a)	1,628		29,467
CNF, Inc.	11,352		505,732
Covenant Transport, Inc. Class A (a)	2,400		33,312
CSX Corp.	45,737		1,901,744
Dollar Thrifty Automotive Group, Inc. (a)	3,800		136,762
Florida East Coast Industries, Inc. Class A	6,673		280,666
Genesee & Wyoming, Inc. Class A (a)	4,915		137,325
Heartland Express, Inc.	10,030		201,102
J.B. Hunt Transport Services, Inc.	26,580		533,726
Kansas City Southern (a)	15,715		314,143
Knight Transportation, Inc.	8,962		219,121
Laidlaw International, Inc. (a)	20,547		456,965
Landstar System, Inc. (a)	15,257		514,771
Marten Transport Ltd. (a)	2,812		55,143
Norfolk Southern Corp.	88,084		2,811,641
Old Dominion Freight Lines, Inc. (a)	2,859		87,114
Overnite Corp.	9,389		400,159
Quality Distribution, Inc. (a)	633		5,026
RailAmerica, Inc. (a)	7,500		87,525
SCS Transportation, Inc. (a)	2,980		54,385
Swift Transportation Co., Inc. (a)	15,314		375,959
U.S. Xpress Enterprises, Inc. Class A (a)	600		7,326
Union Pacific Corp.	57,103		3,823,617
Werner Enterprises, Inc.	16,822		316,422
Yellow Roadway Corp. (a)	11,876		626,815
			18,361,941
Trading Companies & Distributors - 0.1%
Aceto Corp.	5,013		36,445
Applied Industrial Technologies, Inc.	4,650		141,546
Beacon Roofing Supply, Inc.	6,299		150,609
Electro Rent Corp. (a)	2,200		25,850
Fastenal Co.	14,778		858,897
GATX Corp.	12,724		424,600
Hughes Supply, Inc.	12,958		336,908
Huttig Building Products, Inc. (a)	1,077		11,750
Lawson Products, Inc.	1,812		77,554
MSC Industrial Direct Co., Inc. Class A	8,240		256,511
	Shares		Value
NuCo2, Inc. (a)	700		$ 16,576
Rush Enterprises, Inc. Class B (a)	7,363		107,132
UAP Holding Corp.	3,989		58,040
United Rentals, Inc. (a)	11,107		223,029
W.W. Grainger, Inc.	17,500		951,825
Watsco, Inc.	4,164		184,007
WESCO International, Inc. (a)	5,100		148,920
Willis Lease Finance Corp. (a)	1,200		9,780
			4,019,979
Transportation Infrastructure - 0.0%
Macquarie Infrastructure Co. Trust	6,073		177,939
TIMCO Aviation Services, Inc. (a)	1,811		299
			178,238
TOTAL INDUSTRIALS			309,562,785
INFORMATION TECHNOLOGY - 15.3%
Communications Equipment - 2.5%
3Com Corp. (a)	104,920		384,007
ACE*COMM Corp. (a)	3,806		8,069
ADC Telecommunications, Inc. (a)	25,895		470,253
Adtran, Inc.	12,978		285,127
Airnet Communications Corp. (a)	280		291
Alliance Fiber Optic Products, Inc. (a)	2,400		2,208
AltiGen Communications, Inc. (a)	3,200		6,144
Amplidyne, Inc. (a)	3,300		990
Anaren, Inc. (a)	1,500		17,760
Andrew Corp. (a)	28,712		380,721
Applied Innovation, Inc. (a)	1,500		7,305
Arris Group, Inc. (a)	22,920		198,487
Avanex Corp. (a)	29,243		29,535
Avaya, Inc. (a)	93,998		860,082
Avici Systems, Inc. (a)	2,400		10,704
Avocent Corp. (a)	8,828		247,184
Aware, Inc. (a)	6,698		44,207
Bel Fuse, Inc. Class B	6,850		204,815
Belden CDT, Inc.	9,519		191,522
Black Box Corp.	2,700		92,826
Blonder Tongue Laboratories, Inc. (a)	3,900		11,310
Brooktrout, Inc. (a)	1,900		18,943
C-COR, Inc. (a)	10,684		73,506
Carrier Access Corp. (a)	3,100		14,942
Centillium Communications, Inc. (a)	3,503		7,672
CIENA Corp. (a)	149,732		326,416
Cisco Systems, Inc. (a)	1,441,160		27,929,681
Cognitronics Corp. (a)	2,400		8,496
Comarco, Inc. (a)	450		3,596
CommScope, Inc. (a)	12,913		218,488
Communications Systems, Inc.	2,276		22,988
Computer Network Technology Corp. (a)	4,067		20,335
Comtech Telecommunications Corp. (a)	5,041		182,333
Comverse Technology, Inc. (a)	39,785		936,141
Copper Mountain Networks, Inc. (a)	620		570
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Corning, Inc. (a)	303,477		$ 4,758,519
CoSine Communications, Inc. (a)	700		1,645
DAOU Systems, Inc. (a)	200		36
Digi International, Inc. (a)	4,395		51,553
Digital Lightwave, Inc. (a)	6,271		3,073
Ditech Communications Corp. (a)	7,074		51,004
EFJ, Inc. (a)	99		703
EMS Technologies, Inc. (a)	1,860		25,110
Enterasys Networks, Inc. (a)	30,147		28,037
Entrada Networks, Inc. (a)	150		9
eOn Communications Corp. (a)	620		967
Extreme Networks, Inc. (a)	15,200		69,464
Ezenia!, Inc. (a)	200		530
F5 Networks, Inc. (a)	8,551		437,897
Finisar Corp. (a)	44,126		52,510
Foundry Networks, Inc. (a)	20,518		189,586
Glenayre Technologies, Inc. (a)	7,200		23,040
Globecomm Systems, Inc. (a)	3,000		16,680
Harmonic, Inc. (a)	16,262		101,312
Harris Corp.	27,396		787,361
Inter-Tel, Inc.	3,400		69,802
InterDigital Communication Corp. (a)	9,184		169,537
ION Networks, Inc. (a)	2,400		240
ISCO International, Inc. (a)	1,800		450
Ixia (a)	15,464		284,383
JDS Uniphase Corp. (a)	299,246		457,846
Juniper Networks, Inc. (a)	112,003		2,871,757
Lantronix, Inc. (a)	500		685
Loral Space & Communications Ltd. (a)	4,101		984
Lucent Technologies, Inc. (a)	924,931		2,599,056
Motorola, Inc.	525,268		9,123,905
MRV Communications, Inc. (a)	15,973		29,550
NETGEAR, Inc. (a)	3,400		66,878
Network Engines, Inc. (a)	2,300		3,910
Network Equipment Technologies, Inc. (a)	3,600		20,124
NMS Communications Corp. (a)	2,800		9,100
NumereX Corp. Class A (a)	2,600		12,506
Occam Networks, Inc. (a)	3,400		884
Oplink Communications, Inc. (a)	16,222		24,171
Optelecom Nkf, Inc. (a)	529		5,708
Optical Cable Corp. (a)	656		2,926
Optical Cable Corp. warrants 10/24/07 (a)	762		0
Optical Communication Products, Inc. (a)	5,795		10,373
P-Com, Inc. (a)	36		6
Packeteer, Inc. (a)	4,410		52,347
Paradyne Networks, Inc. (a)	4,146		8,168
Parkervision, Inc. (a)	900		4,050
PC-Tel, Inc. (a)	2,200		16,082
Performance Technologies, Inc. (a)	2,900		19,517
Plantronics, Inc.	11,092		381,787
	Shares		Value
Polycom, Inc. (a)	20,267		$ 346,768
Powerwave Technologies, Inc. (a)	19,697		179,834
Proxim Corp. Class A (a)	1,646		527
QUALCOMM, Inc.	360,961		13,449,407
Redback Networks, Inc. (a)	23,235		132,440
REMEC, Inc. (a)	3,478		21,738
SafeNet, Inc. (a)	6,178		194,113
Science Dynamics Corp. (a)	4,100		418
Scientific-Atlanta, Inc.	37,208		1,239,026
SCM Microsystems, Inc. (a)	600		1,782
SeaChange International, Inc. (a)	4,650		36,735
SiRF Technology Holdings, Inc. (a)	15,696		222,255
Sonus Networks, Inc. (a)	47,050		209,373
SpectraLink Corp.	3,240		37,325
Stratex Networks, Inc. (a)	7,150		12,513
Stratos International, Inc. (a)	1,058		4,560
Sunrise Telecom, Inc.	4,200		6,720
Sycamore Networks, Inc. (a)	40,582		137,167
Symmetricom, Inc. (a)	7,753		87,454
Tekelec (a)	14,848		202,081
Tellabs, Inc. (a)	92,028		756,470
Telular Corp. (a)	2,100		8,190
TeraForce Technology Corp. (a)	19,900		935
Terayon Communication Systems, Inc. (a)	11,777		37,333
Tollgrade Communications, Inc. (a)	2,134		16,176
Tut Systems, Inc. (a)	1,100		3,322
UTStarcom, Inc. (a)	23,293		171,436
Veramark Technologies, Inc. (a)	2,300		1,725
Verilink Corp. (a)	3,400		5,406
Verso Technologies, Inc. (a)	13,318		3,463
ViaSat, Inc. (a)	3,963		80,409
Vyyo, Inc. (a)	1,133		7,002
Wegener Corp. (a)	3,500		6,475
Westell Technologies, Inc. Class A (a)	4,212		25,230
WJ Communications, Inc. (a)	3,700		7,437
YDI Wireless, Inc. (a)	610		1,419
Zhone Technologies, Inc. (a)	24,418		66,173
			73,784,259
Computers & Peripherals - 3.2%
ActivCard Corp. (a)	4,448		18,326
Adaptec, Inc. (a)	16,521		65,754
Advanced Digital Information Corp. (a)	13,177		90,526
Apple Computer, Inc. (a)	179,024		7,109,043
Astro-Med, Inc.	3,591		31,421
Avid Technology, Inc. (a)	6,622		388,314
Brocade Communications Systems, Inc. (a)	47,561		185,964
Concurrent Computer Corp. (a)	9,619		17,507
Cray, Inc. (a)	9,398		13,721
Crossroads Systems, Inc. (a)	5,525		5,194
Datalink Corp. (a)	2,200		5,412
Dataram Corp. (a)	3,250		19,045
Dell, Inc. (a)	479,648		19,133,159
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - continued
Diebold, Inc.	17,662		$ 884,160
Dot Hill Systems Corp. (a)	4,870		25,860
Electronics for Imaging, Inc. (a)	12,121		230,299
EMC Corp. (a)	536,488		7,543,021
Emulex Corp. (a)	15,484		292,648
Exabyte Corp. (a)	100		35
FOCUS Enhancements, Inc. (a)	5,500		4,125
Gateway, Inc. (a)	64,248		222,298
Hauppauge Digital, Inc. (a)	500		1,925
Hewlett-Packard Co.	638,367		14,369,641
Hutchinson Technology, Inc. (a)	9,872		408,405
Hypercom Corp. (a)	7,777		49,384
Imation Corp.	8,261		311,935
InFocus Corp. (a)	5,400		22,464
Innovex, Inc. (a)	1,500		5,070
Intergraph Corp. (a)	6,049		189,878
International Business Machines Corp.	365,840		27,639,212
Interphase Corp. (a)	1,906		13,437
Iomega Corp. (a)	6,880		21,259
Komag, Inc. (a)	9,773		281,951
LaserCard Corp. (a)	1,984		11,904
Lexmark International, Inc. Class A (a)	29,461		2,016,311
Maxtor Corp. (a)	59,820		328,412
McDATA Corp. Class A (a)	16,314		62,156
Mobility Electronics, Inc. (a)	5,783		50,890
MTI Technology Corp. (a)	3,200		5,248
NCR Corp. (a)	40,098		1,468,790
Neoware Systems, Inc. (a)	1,939		19,623
Network Appliance, Inc. (a)	81,493		2,343,739
Novatel Wireless, Inc. (a)	5,888		73,423
Overland Storage, Inc. (a)	2,079		20,146
palmOne, Inc. (a)	11,758		334,162
Pinnacle Systems, Inc. (a)	6,998		41,358
Presstek, Inc. (a)	7,102		60,651
QLogic Corp. (a)	20,957		671,043
Quantum Corp. (a)	19,830		51,558
SanDisk Corp. (a)	34,328		895,618
SBS Technologies, Inc. (a)	3,482		33,810
Scan-Optics, Inc. (a)	300		45
Seagate Technology	54,403		1,154,432
Silicon Graphics, Inc. (a)	26,400		21,384
SimpleTech, Inc. (a)	7,700		26,950
Socket Communications, Inc. (a)	3,300		4,290
Storage Technology Corp. (a)	25,843		834,212
Stratasys, Inc. (a)	1,507		48,767
Sun Microsystems, Inc. (a)	758,994		2,891,767
Synaptics, Inc. (a)	4,302		82,727
UNOVA, Inc. (a)	8,267		170,135
Video Display Corp.	2,880		37,152
ViewCast.com, Inc. (a)	13,700		5,069
	Shares		Value
VPGI Corp. (a)	825		$ 124
Western Digital Corp. (a)	46,473		697,560
			94,063,849
Electronic Equipment & Instruments - 0.6%
Advanced Photonix, Inc. Class A (a)	5,286		11,629
Aeroflex, Inc. (a)	13,939		111,512
Aetrium, Inc. (a)	2,400		6,192
Agilent Technologies, Inc. (a)	103,236		2,478,696
Agilysys, Inc.	5,700		87,666
Allied Motion Technologies, Inc. (a)	4,100		19,598
American Technical Ceramics Corp. (a)	1,900		19,836
American Technology Corp. (a)	900		5,625
Amphenol Corp. Class A	18,869		799,857
Anixter International, Inc.	8,178		309,210
APA Enterprises, Inc. (a)	2,800		4,424
Applied Films Corp. (a)	2,037		54,795
Arrow Electronics, Inc. (a)	26,297		735,001
Avnet, Inc. (a)	26,274		549,652
AVX Corp.	10,198		121,152
Axcess, Inc. (a)	1,600		2,352
BEI Technologies, Inc.	2,673		68,723
Bell Industries, Inc. (a)	7,200		15,912
Bell Microproducts, Inc. (a)	3,480		28,536
Benchmark Electronics, Inc. (a)	8,075		255,735
Benthos, Inc. (a)	2,454		31,534
Brightpoint, Inc. (a)	3,472		65,274
Broadcast International, Inc. (a)	270		918
CalAmp Corp. (a)	3,032		20,011
Cash Technologies, Inc. (a)	3,400		3,060
CDW Corp.	13,865		806,666
CellStar Corp. (a)	1,700		2,210
Checkpoint Systems, Inc. (a)	12,599		221,994
Chyron Corp. (a)	1,500		525
Cogent, Inc.	3,390		68,003
Cognex Corp.	10,569		274,371
Coherent, Inc. (a)	13,105		430,237
Conolog Corp. (a)	140		218
CTS Corp.	5,303		56,477
CyberOptics Corp. (a)	850		10,931
Daktronics, Inc. (a)	2,379		55,407
DDi Corp. (a)	13,825		31,245
Digital Theater Systems, Inc. (a)	1,697		29,002
Digital Video Systems, Inc. (a)	180		711
Dionex Corp. (a)	3,300		148,005
Dolby Laboratories, Inc. Class A	15,205		303,188
Duraswitch Industries, Inc. (a)	1,500		2,229
Echelon Corp. (a)	4,379		30,084
Electro Scientific Industries, Inc. (a)	3,700		66,378
eMagin Corp. (a)	3,800		3,762
En Pointe Technologies, Inc. (a)	1,400		3,850
Excel Technology, Inc. (a)	1,100		27,555
Fargo Electronics, Inc. (a)	2,211		39,909
FARO Technologies, Inc. (a)	3,698		102,878
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Instruments - continued
FLIR Systems, Inc. (a)	15,678		$ 420,170
Frequency Electronics, Inc.	500		5,850
Gerber Scientific, Inc. (a)	3,800		28,044
Giga-Tronics, Inc. (a)	3,000		12,150
Global Imaging Systems, Inc. (a)	3,800		120,802
GTSI Corp. (a)	1,990		16,278
Identix, Inc. (a)	28,240		155,038
IEC Electronics Corp. (a)	100		52
Ingram Micro, Inc. Class A (a)	26,234		414,760
Interlink Electronics, Inc. (a)	1,200		6,408
Iteris, Inc. (a)	1,200		3,156
Itron, Inc. (a)	5,247		215,704
Jabil Circuit, Inc. (a)	36,086		1,054,794
Jaco Electronics, Inc. (a)	1,950		6,123
Keithley Instruments, Inc.	1,200		17,676
KEMET Corp. (a)	12,784		89,488
Landauer, Inc.	1,400		68,390
LeCroy Corp. (a)	1,700		27,982
Lexar Media, Inc. (a)	13,325		66,892
LightPath Technologies, Inc. Class A (a)	437		1,136
Littelfuse, Inc. (a)	3,052		91,804
LoJack Corp. (a)	3,600		53,064
Maxwell Technologies, Inc. (a)	1,100		11,308
MDI, Inc. (a)	3,700		1,887
Measurement Specialties, Inc. (a)	3,305		64,117
Mechanical Technology, Inc. (a)	4,800		17,136
Merix Corp. (a)	1,450		10,513
Methode Electronics, Inc. Class A	5,200		62,088
Metrologic Instruments, Inc. (a)	2,058		28,524
Micronetics, Inc. (a)	1,137		9,323
MOCON, Inc.	2,152		20,444
Molex, Inc.	26,894		712,422
MSGI Security Solutions, Inc. (a)	22		160
MTS Systems Corp.	3,500		111,685
National Instruments Corp.	12,172		282,999
Newport Corp. (a)	22,666		318,457
NU Horizons Electronics Corp. (a)	3,452		20,298
OSI Systems, Inc. (a)	2,149		32,020
OYO Geospace Corp. (a)	1,300		21,271
Park Electrochemical Corp.	2,880		66,816
Parlex Corp. (a)	1,600		9,440
Paxar Corp. (a)	6,365		112,151
PC Connection, Inc. (a)	2,250		11,498
Pemstar, Inc. (a)	3,100		3,658
PFSweb, Inc. (a)	9,321		19,388
Photon Dynamics, Inc. (a)	2,232		43,100
Planar Systems, Inc. (a)	2,218		17,833
Plexus Corp. (a)	6,504		89,430
RadiSys Corp. (a)	3,400		54,978
Research Frontiers, Inc. (a)	2,000		8,720
Richardson Electronics Ltd.	2,448		21,787
	Shares		Value
Rofin-Sinar Technologies, Inc. (a)	2,100		$ 67,830
Rogers Corp. (a)	3,542		146,603
Sanmina-SCI Corp. (a)	112,065		574,893
Satcon Technology Corp. (a)	1,200		1,644
ScanSource, Inc. (a)	1,927		94,596
Scientific Technologies, Inc. (a)	3,100		9,796
Sirenza Microdevices, Inc. (a)	4,500		14,490
Solectron Corp. (a)	205,862		751,396
Somera Communications, Inc. (a)	2,800		3,892
Spectrum Control, Inc. (a)	1,500		10,620
Staktek Holdings, Inc. (a)	558		1,529
StockerYale, Inc. (a)	1,200		888
Super Vision International, Inc. Class A (a)	2,100		8,295
Superconductor Technologies, Inc. (a)	6,380		4,976
Symbol Technologies, Inc.	53,112		611,319
SYNNEX Corp. (a)	5,592		88,465
Taser International, Inc. (a)	11,903		134,980
Tech Data Corp. (a)	12,825		460,418
Technitrol, Inc.	6,089		79,949
Tektronix, Inc.	20,079		455,191
Trimble Navigation Ltd. (a)	10,528		418,067
TTM Technologies, Inc. (a)	7,352		58,375
Universal Display Corp. (a)	2,400		22,560
Viisage Technology, Inc. (a)	4,589		19,641
Vishay Intertechnology, Inc. (a)	48,384		624,154
Woodhead Industries, Inc.	1,600		20,528
X-Rite, Inc.	2,700		29,862
Zomax, Inc. (a)	4,900		13,475
Zones, Inc. (a)	4,000		14,800
Zygo Corp. (a)	1,200		11,616
			18,336,795
Internet Software & Services - 0.8%
24/7 Real Media, Inc. (a)	460		1,398
Akamai Technologies, Inc. (a)	25,106		352,488
America Online Latin America, Inc. Class A (a)	7,978		638
Apropos Technology, Inc. (a)	750		1,928
aQuantive, Inc. (a)	8,967		138,002
Ariba, Inc. (a)	15,281		93,673
Art Technology Group, Inc. (a)	12,485		13,484
Ask Jeeves, Inc. (a)	11,637		353,881
Autobytel, Inc. (a)	5,594		27,187
Bankrate, Inc. (a)	3,082		56,308
Blue Coat Systems, Inc. (a)	2,981		57,861
BroadVision, Inc. (a)	5,124		7,174
Calico Commerce, Inc. (a)	626		0
Centra Software, Inc. (a)	5,611		9,651
Chordiant Software, Inc. (a)	14,210		24,299
Click Commerce, Inc. (a)	500		11,410
CMGI, Inc. (a)	94,144		205,234
CNET Networks, Inc. (a)	31,488		326,845
Communication Intelligence Corp. (a)	3,800		1,140
Corillian Corp. (a)	1,722		5,536
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Critical Path, Inc. (a)	3,689		$ 1,734
CyberSource Corp. (a)	2,800		18,788
deltathree, Inc. (a)	500		2,025
Digital Insight Corp. (a)	5,022		109,178
Digital River, Inc. (a)	7,732		212,785
Digitas, Inc. (a)	38,569		426,959
DoubleClick, Inc. (a)	27,698		227,955
DSL.net, Inc. (a)	1,895		190
EarthLink, Inc. (a)	33,248		352,761
EasyLink Services Corp. Class A (a)	170		167
eCollege.com (a)	3,535		36,517
eGain Communications Corp. (a)	500		320
Elcom International, Inc. (a)	2,200		154
Entrust, Inc. (a)	7,900		32,311
Equinix, Inc. (a)	5,633		214,617
FindWhat.com (a)	3,079		16,380
Google, Inc. Class A (sub. vtg.)	25,703		7,155,715
GoRemote Internet Communications, Inc. (a)	2,000		3,120
Greenfield Online, Inc.	3,100		42,160
High Speed Access Corp. (a)	5,100		0
Homestore, Inc. (a)	33,750		70,538
I-Many, Inc. (a)	5,700		9,006
iBasis, Inc. (a)	2,400		5,520
InfoSpace, Inc. (a)	4,695		159,254
Innodata Isogen, Inc. (a)	9,200		27,508
InteliData Technologies Corp. (a)	4,700		1,598
Interland, Inc. (a)	1,108		2,105
Internap Network Services Corp. (a)	83,396		38,362
Internet America, Inc. (a)	4,200		3,906
Internet Capital Group, Inc. (a)	1,307		7,581
Internet Commerce Corp. Class A (a)	600		972
Interwoven, Inc. (a)	5,949		47,354
Intraware, Inc. (a)	1,200		468
iPass, Inc. (a)	21,857		134,858
IPIX Corp. (a)	295		788
iVillage, Inc. (a)	6,349		38,284
j2 Global Communications, Inc. (a)	5,240		183,819
Jupiter Media Metrix, Inc. (a)	4,711		0
Jupitermedia Corp. (a)	1,200		21,900
Kana Software, Inc. (a)	3,268		6,209
Keynote Systems, Inc. (a)	1,600		18,560
LookSmart Ltd. (a)	11,207		8,405
Loudeye Corp. (a)	2,000		1,800
LQ Corp., Inc. (a)	574		953
Marchex, Inc. Class B	6,203		92,549
MatrixOne, Inc. (a)	7,185		32,835
NaviSite, Inc. (a)	344		530
Neoforma, Inc. (a)	2,800		19,180
Net2Phone, Inc. (a)	5,858		9,373
NetRatings, Inc. (a)	3,275		44,606
	Shares		Value
NIC, Inc. (a)	4,201		$ 18,442
Niku Corp. (a)	1,390		20,906
On2.Com, Inc. (a)	18,981		11,009
Onstream Media Corp. (a)	206		258
Openwave Systems, Inc. (a)	14,800		230,140
Optio Software, Inc. (a)	3,000		3,930
PEC Solutions, Inc. (a)	3,500		54,285
Plumtree Software, Inc. (a)	9,421		43,337
Prescient Applied Intel, Inc. (a)	120		50
Raindance Communications, Inc. (a)	14,360		29,438
RealNetworks, Inc. (a)	41,635		212,755
Register.com, Inc. (a)	4,844		30,275
S1 Corp. (a)	6,982		31,279
Saba Software, Inc. (a)	600		2,436
Salon Media Group, Inc. (a)	5,500		1,100
SAVVIS Communications Corp. (a)	9,243		6,285
SeeBeyond Technology Corp. (a)	8,415		25,077
Selectica, Inc. (a)	6,434		20,396
SmartServ Online, Inc. (a)	150		132
SonicWALL, Inc. (a)	13,089		80,890
Stellent, Inc. (a)	4,736		35,852
Supportsoft, Inc. (a)	10,058		52,100
Terremark Worldwide, Inc. (a)	6,610		45,477
The Sedona Corp. (a)	6,100		1,098
TheStreet.com, Inc. (a)	3,600		11,160
Track Data Corp.	1,640		3,608
Tucows, Inc. (a)	2,000		1,740
Tumbleweed Communications Corp. (a)	1,858		4,088
United Online, Inc.	17,898		231,600
ValueClick, Inc. (a)	21,154		226,771
VeriSign, Inc. (a)	56,530		1,828,746
Via Net.Works, Inc. (a)	2,930		293
Vignette Corp. (a)	28,284		32,809
Vitria Technology, Inc. (a)	2,487		7,958
Webb Interactive Services, Inc. (a)	4,300		473
WebEx Communications, Inc. (a)	10,438		280,365
webMethods, Inc. (a)	6,251		31,443
Websense, Inc. (a)	5,647		303,300
WorldGate Communications, Inc. (a)	1,300		6,579
Yahoo!, Inc. (a)	256,178		9,529,822
Zix Corp. (a)	10,905		35,877
			25,024,373
IT Services - 1.3%
Acxiom Corp.	16,559		305,514
Affiliated Computer Services, Inc. Class A (a)	25,996		1,344,773
Affinity Technology Group, Inc. (a)	10,600		901
Alliance Data Systems Corp. (a)	8,580		323,638
Answerthink, Inc. (a)	2,704		10,708
Anteon International Corp. (a)	7,822		345,654
Applied Digital Solutions, Inc. (a)	2,397		9,157
Automatic Data Processing, Inc.	129,579		5,675,560
BearingPoint, Inc. (a)	38,190		250,145
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
CACI International, Inc. Class A (a)	7,313		$ 471,396
Carreker Corp. (a)	4,530		23,783
Ceridian Corp. (a)	31,365		598,131
Certegy, Inc.	12,501		469,413
CheckFree Corp. (a)	15,272		570,104
Ciber, Inc. (a)	7,491		61,052
Cognizant Technology Solutions Corp. Class A (a)	29,888		1,434,624
Computer Horizons Corp. (a)	5,300		15,370
Computer Sciences Corp. (a)	39,276		1,818,872
Convergys Corp. (a)	36,162		492,888
Covansys Corp. (a)	1,255		15,374
CSG Systems International, Inc. (a)	11,319		215,287
CSP, Inc. (a)	3,600		35,316
Direct Insite Corp. (a)	40		32
DST Systems, Inc. (a)	15,589		753,884
Edgewater Technology, Inc. (a)	2,800		12,180
eFunds Corp. (a)	11,708		236,736
Electronic Data Systems Corp.	116,359		2,292,272
eLoyalty Corp. (a)	3,847		19,043
ePresence, Inc. (a)	600		0
Euronet Worldwide, Inc. (a)	4,100		114,964
First Data Corp.	188,193		7,119,341
Fiserv, Inc. (a)	40,125		1,725,375
Forrester Research, Inc. (a)	3,800		62,700
Gartner, Inc. Class A (a)	22,106		219,292
Global Payments, Inc.	7,206		499,376
Hewitt Associates, Inc. Class A (a)	8,829		224,698
iGate Corp. (a)	4,382		19,149
Infocrossing, Inc. (a)	12,655		138,699
Inforte Corp.	640		2,195
infoUSA, Inc.	5,193		62,731
Intrado, Inc. (a)	3,108		39,751
iPayment, Inc. (a)	1,534		58,507
Iron Mountain, Inc. (a)	26,669		765,400
Kanbay International, Inc.	4,600		95,496
Keane, Inc. (a)	8,692		116,647
Lightbridge, Inc. (a)	4,152		26,075
Lionbridge Technologies, Inc. (a)	18,336		91,313
ManTech International Corp. Class A (a)	7,337		210,792
Maximus, Inc.	3,215		110,242
MPS Group, Inc. (a)	25,800		242,004
New Century Equity Holdings Corp. (a)	1,200		258
Paychex, Inc.	73,167		2,113,063
Pegasus Solutions, Inc. (a)	3,050		32,818
Perot Systems Corp. Class A (a)	22,474		290,364
RightNow Technologies, Inc.	665		6,211
Sabre Holdings Corp. Class A	28,409		570,169
Safeguard Scientifics, Inc. (a)	11,755		11,637
Sapient Corp. (a)	32,671		274,436
SI International, Inc. (a)	2,269		64,326
	Shares		Value
SM&A (a)	3,853		$ 33,752
SRA International, Inc. Class A (a)	7,184		243,897
StarTek, Inc.	1,900		26,505
Storage Engine, Inc. (a)	434		1
SunGard Data Systems, Inc. (a)	60,730		2,107,938
Sykes Enterprises, Inc. (a)	6,100		50,508
Syntel, Inc.	5,600		87,696
TALX Corp.	3,561		99,423
Technology Solutions Co. (a)	9,105		4,735
The BISYS Group, Inc. (a)	23,652		360,693
The Management Network Group, Inc. (a)	1,200		2,820
theglobe.com, Inc. (a)	6,400		736
Tier Technologies, Inc. Class B (a)	3,200		28,288
Titan Corp. (a)	17,956		395,032
TNS, Inc. (a)	834		18,248
Total System Services, Inc.	6,668		162,366
TSR, Inc.	100		585
Tyler Technologies, Inc. (a)	6,359		41,397
Unisys Corp. (a)	69,966		506,554
VeriFone Holdings, Inc.	1,335		17,288
Wright Express Corp.	19,580		313,476
			37,611,774
Office Electronics - 0.1%
Xerox Corp. (a)	214,334		2,908,512
Zebra Technologies Corp. Class A (a)	14,304		610,495
			3,519,007
Semiconductors & Semiconductor Equipment - 3.2%
8X8, Inc. (a)	1,000		1,930
Actel Corp. (a)	3,829		56,631
ADE Corp. (a)	800		17,944
Advanced Energy Industries, Inc. (a)	4,100		39,114
Advanced Micro Devices, Inc. (a)	79,207		1,298,995
Advanced Power Technology, Inc. (a)	2,155		13,900
AEHR Test Systems (a)	3,046		9,199
Agere Systems, Inc. (a)	39,292		534,371
Alliance Semiconductor Corp. (a)	2,900		4,872
Altera Corp. (a)	81,627		1,811,303
AMIS Holdings, Inc. (a)	8,318		99,816
Amkor Technology, Inc. (a)	28,226		100,202
Amtech Systems, Inc. (a)	3,500		20,965
ANADIGICS, Inc. (a)	5,094		8,354
Analog Devices, Inc.	81,164		3,009,561
Applied Materials, Inc.	370,174		6,074,555
Applied Micro Circuits Corp. (a)	58,565		168,082
Asyst Technologies, Inc. (a)	5,531		23,286
Atheros Communications, Inc. (a)	17,385		160,637
Atmel Corp. (a)	108,362		325,086
ATMI, Inc. (a)	4,900		137,690
August Technology Corp. (a)	2,100		23,877
Axcelis Technologies, Inc. (a)	22,378		148,814
AXT, Inc. (a)	5,100		6,426
Broadcom Corp. Class A (a)	58,704		2,083,405
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Brooks Automation, Inc. (a)	8,613		$ 129,884
Cabot Microelectronics Corp. (a)	6,707		210,130
California Micro Devices Corp. (a)	1,400		6,720
Celeritek, Inc.	800		656
Ceva, Inc. (a)	3,103		22,590
Cirrus Logic, Inc. (a)	12,367		64,061
Cohu, Inc.	3,575		68,712
Conexant Systems, Inc. (a)	87,659		125,352
Credence Systems Corp. (a)	30,931		244,974
Cree, Inc. (a)	15,121		454,235
Cymer, Inc. (a)	6,153		174,807
Cypress Semiconductor Corp. (a)	38,400		496,512
Diodes, Inc. (a)	2,892		96,159
DPAC Technologies Corp. (a)	5,400		1,458
DSP Group, Inc. (a)	4,100		96,432
Electroglas, Inc. (a)	4,674		16,125
EMCORE Corp. (a)	2,848		11,307
Entegris, Inc. (a)	9,300		90,210
ESS Technology, Inc. (a)	6,403		26,380
Exar Corp. (a)	5,900		84,960
Fairchild Semiconductor International, Inc. (a)	27,314		390,590
FEI Co. (a)	4,100		85,362
FormFactor, Inc. (a)	5,967		155,261
Freescale Semiconductor, Inc.:
Class A	24,529		495,486
Class B (a)	65,291		1,318,878
FSI International, Inc. (a)	4,200		15,792
Genesis Microchip, Inc. (a)	7,558		125,085
Helix Technology Corp.	4,273		53,883
Hi/fn, Inc. (a)	1,922		12,762
Ibis Technology Corp. (a)	2,229		2,809
Integrated Circuit Systems, Inc. (a)	16,572		351,161
Integrated Device Technology, Inc. (a)	20,937		256,060
Integrated Silicon Solution, Inc. (a)	4,221		27,648
Intel Corp.	1,389,839		37,428,364
International Rectifier Corp. (a)	15,987		763,859
Intersil Corp. Class A	43,619		818,292
Intest Corp. (a)	2,530		9,080
IXYS Corp. (a)	3,700		51,171
JMAR Technologies, Inc. (a)	2,900		3,654
KLA-Tencor Corp.	42,932		1,949,542
Kopin Corp. (a)	9,400		36,190
Kulicke & Soffa Industries, Inc. (a)	7,962		46,259
Lam Research Corp. (a)	30,532		936,722
Lattice Semiconductor Corp. (a)	21,552		90,949
Leadis Technology, Inc.	7,132		48,854
Linear Technology Corp.	65,558		2,456,458
LSI Logic Corp. (a)	114,968		846,164
LTX Corp. (a)	8,192		39,240
Mattson Technology, Inc. (a)	7,388		57,774
	Shares		Value
Maxim Integrated Products, Inc.	70,507		$ 2,777,976
MEMC Electronic Materials, Inc. (a)	36,525		500,393
Micrel, Inc. (a)	13,153		152,575
Micro Component Technology, Inc. (a)	4,500		900
Micro Linear Corp. (a)	100		585
Microchip Technology, Inc.	46,337		1,373,429
Micron Technology, Inc. (a)	139,513		1,531,853
Microsemi Corp. (a)	13,966		288,119
Mindspeed Technologies, Inc. (a)	25,211		36,052
MIPS Technologies, Inc. (a)	6,500		56,030
MKS Instruments, Inc. (a)	12,987		216,883
Monolithic System Technology, Inc. (a)	4,277		23,823
Mykrolis Corp. (a)	7,024		94,754
Nanometrics, Inc. (a)	800		9,024
National Semiconductor Corp.	76,338		1,535,921
NeoMagic Corp. (a)	1,000		370
Novellus Systems, Inc. (a)	30,894		823,325
NVIDIA Corp. (a)	32,620		886,938
Omnivision Technologies, Inc. (a)	9,772		154,593
ON Semiconductor Corp. (a)	49,216		221,472
PDF Solutions, Inc. (a)	4,200		49,308
Pericom Semiconductor Corp. (a)	4,500		36,045
Photronics, Inc. (a)	4,841		111,488
Pixelworks, Inc. (a)	5,600		47,992
PLX Technology, Inc. (a)	3,886		29,611
Power Integrations, Inc. (a)	8,058		191,942
QuickLogic Corp. (a)	4,793		20,945
Rambus, Inc. (a)	20,136		308,685
Ramtron International Corp. (a)	4,700		12,831
RF Micro Devices, Inc. (a)	34,167		158,877
Rudolph Technologies, Inc. (a)	2,300		33,166
Semitool, Inc. (a)	4,700		41,219
Semtech Corp. (a)	16,534		301,580
Sigma Designs, Inc. (a)	2,609		20,611
SigmaTel, Inc. (a)	3,990		90,334
Silicon Image, Inc. (a)	18,184		213,480
Silicon Laboratories, Inc. (a)	8,113		224,973
Silicon Storage Technology, Inc. (a)	18,672		64,232
Sipex Corp. (a)	1,500		2,475
Skyworks Solutions, Inc. (a)	26,316		166,580
SRS Labs, Inc. (a)	2,700		15,145
Standard Microsystems Corp. (a)	2,900		47,154
Supertex, Inc. (a)	2,131		37,058
Tegal Corp. (a)	6,100		6,466
Teradyne, Inc. (a)	44,784		582,640
Tessera Technologies, Inc. (a)	8,659		254,921
Texas Instruments, Inc.	380,809		10,525,561
Therma-Wave, Inc. (a)	5,400		8,424
Three-Five Systems, Inc. (a)	1,500		1,005
Transmeta Corp. (a)	19,000		15,390
Transwitch Corp. (a)	14,454		28,474
Trident Microsystems, Inc. (a)	5,569		117,951
Trio-Tech International (a)	3,600		13,140
Tripath Technology, Inc. (a)	1,600		1,248
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
TriQuint Semiconductor, Inc. (a)	18,701		$ 63,396
Tvia, Inc. (a)	6,300		8,946
Ultratech, Inc. (a)	3,672		64,370
Varian Semiconductor Equipment Associates, Inc. (a)	6,181		250,825
Veeco Instruments, Inc. (a)	4,200		63,294
Virage Logic Corp. (a)	3,148		34,754
Vitesse Semiconductor Corp. (a)	39,408		98,520
Volterra Semiconductor Corp.	5,049		68,969
White Electronic Designs Corp. (a)	3,182		15,878
Xilinx, Inc.	76,378		2,119,490
Zoran Corp. (a)	8,297		102,385
			94,830,821
Software - 3.6%
Activision, Inc. (a)	38,190		601,874
Actuate Corp. (a)	4,899		10,484
Adept Technology, Inc. (a)	680		5,474
Adobe Systems, Inc.	104,760		3,463,366
Advent Software, Inc. (a)	4,100		82,246
Agile Software Corp. (a)	5,154		33,243
Altiris, Inc. (a)	3,734		70,199
American Software, Inc. Class A	3,700		19,092
Analytical Surveys, Inc. (a)	20		32
Ansoft Corp. (a)	500		11,150
Ansys, Inc. (a)	5,270		175,702
Applix, Inc. (a)	2,600		12,532
ARI Network Services, Inc. (a)	2,800		7,700
Artisoft, Inc. (a)	533		879
Aspect Communications Corp. (a)	9,151		87,850
Aspen Technology, Inc. (a)	4,900		25,676
Atari, Inc. (a)	28,859		71,282
Authentidate Holding Corp. (a)	1,900		5,586
Autodesk, Inc.	50,967		2,017,274
Axeda Systems, Inc. (a)	4,600		1,426
BEA Systems, Inc. (a)	81,886		690,299
BindView Development Corp. (a)	4,100		12,792
Bitstream, Inc. Class A (a)	5,067		13,985
Blackbaud, Inc.	660		9,082
BMC Software, Inc. (a)	54,176		922,076
Borland Software Corp. (a)	21,785		139,424
Bottomline Technologies, Inc. (a)	1,400		19,012
BSQUARE Corp. (a)	1,200		600
Cadence Design Systems, Inc. (a)	65,249		911,529
CAM Commerce Solutions, Inc. (a)	2,300		36,202
Captaris, Inc. (a)	7,200		26,064
Captiva Software Corp. (a)	2,000		26,840
Catapult Communications Corp. (a)	1,500		21,105
CCC Information Services Group, Inc. (a)	2,180		50,968
Citrix Systems, Inc. (a)	35,592		895,495
Computer Associates International, Inc.	105,054		2,864,823
Compuware Corp. (a)	67,579		462,916
	Shares		Value
Concord Communications, Inc. (a)	2,785		$ 47,122
Concur Technologies, Inc. (a)	3,000		28,770
Convera Corp. Class A (a)	2,323		10,012
Datastream Systems, Inc. (a)	2,700		16,011
Datawatch Corp. (a)	2,268		9,526
Digimarc Corp. (a)	1,449		7,390
DocuCorp International, Inc. (a)	2,820		18,894
Dynamics Research Corp. (a)	2,379		35,423
E.piphany, Inc. (a)	9,600		33,504
Electronic Arts, Inc. (a)	64,443		3,385,835
Embarcadero Technologies, Inc. (a)	2,400		13,704
eMerge Interactive, Inc. Class A (a)	3,830		1,915
Epicor Software Corp. (a)	8,396		103,523
EPIQ Systems, Inc. (a)	3,148		51,470
ePlus, Inc. (a)	1,200		14,881
Extended Systems, Inc. (a)	500		1,705
FactSet Research Systems, Inc.	10,891		348,621
Fair, Isaac & Co., Inc.	15,339		525,361
FalconStor Software, Inc. (a)	3,300		24,123
FileNET Corp. (a)	13,069		364,102
Forgent Networks, Inc. (a)	7,880		14,184
GraphOn Corp. (a)	4,200		1,470
Hyperion Solutions Corp. (a)	9,478		418,264
Informatica Corp. (a)	43,164		370,347
Intellisync Corp. (a)	6,400		17,088
Interactive Intelligence, Inc. (a)	2,100		10,248
Internet Security Systems, Inc. (a)	12,578		279,232
InterVideo, Inc.	1,781		27,036
Intervoice, Inc. (a)	11,355		101,741
Intrusion, Inc. (a)	900		2,538
Intuit, Inc. (a)	38,831		1,678,276
Jack Henry & Associates, Inc.	16,855		298,165
JAMDAT Mobile, Inc.	4,125		116,366
JDA Software Group, Inc. (a)	3,900		50,388
Kronos, Inc. (a)	6,812		307,630
Lawson Software, Inc. (a)	29,938		177,233
Level 8 Systems, Inc. (a)	1,500		87
Macromedia, Inc. (a)	16,044		709,466
Macrovision Corp. (a)	9,518		199,973
Magma Design Automation, Inc. (a)	4,600		36,662
Manhattan Associates, Inc. (a)	7,847		166,670
Manugistics Group, Inc. (a)	10,635		19,143
MapInfo Corp. (a)	3,502		43,635
McAfee, Inc. (a)	32,979		945,838
Mentor Graphics Corp. (a)	20,882		214,667
Mercury Interactive Corp. (a)	18,685		843,067
MetaSolv, Inc. (a)	1,300		2,691
Micromuse, Inc. (a)	10,474		65,777
MICROS Systems, Inc. (a)	8,198		368,746
Microsoft Corp.	2,125,516		54,838,313
MicroStrategy, Inc. Class A (a)	4,097		228,203
Midway Games, Inc. (a)	7,292		64,534
Mobius Management Systems, Inc. (a)	5,733		35,373
Moldflow Corp. (a)	2,648		34,954
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
MRO Software, Inc. (a)	3,700		$ 55,500
Napster, Inc. (a)	3,394		14,391
NAVTEQ Corp.	18,973		723,820
NEON Systems, Inc. (a)	900		2,790
Netguru, Inc. (a)	1,800		1,854
NetIQ Corp. (a)	9,253		102,153
NetManage, Inc. (a)	1,157		7,347
NetScout Systems, Inc. (a)	7,668		47,235
NetSol Technologies, Inc. (a)	20		40
Novell, Inc. (a)	83,805		490,259
Nuance Communications, Inc. (a)	4,500		21,195
NYFIX, Inc. (a)	5,400		27,270
ONYX Software Corp. (a)	875		2,931
Open Solutions, Inc. (a)	7,534		133,729
Opnet Technologies, Inc. (a)	4,559		36,882
Opsware, Inc. (a)	24,964		124,071
Oracle Corp. (a)	872,526		11,185,783
PalmSource, Inc. (a)	1,275		12,788
Parametric Technology Corp. (a)	63,973		385,117
Peerless Systems Corp. (a)	200		724
Pegasystems, Inc. (a)	3,570		21,313
Pervasive Software, Inc. (a)	4,094		18,955
Phoenix Technologies Ltd. (a)	3,000		24,360
Plato Learning, Inc. (a)	2,149		16,418
Portal Software, Inc. (a)	5,009		9,868
Programmer's Paradise, Inc.	1,200		12,324
Progress Software Corp. (a)	5,600		163,352
QAD, Inc.	4,079		28,635
Quality Systems, Inc.	1,806		108,595
Quest Software, Inc. (a)	14,533		192,199
Quovadx, Inc. (a)	7,549		20,533
Radiant Systems, Inc. (a)	2,700		28,242
Red Hat, Inc. (a)	39,452		498,673
Renaissance Learning, Inc.	4,400		86,988
Reynolds & Reynolds Co. Class A	14,364		391,994
RSA Security, Inc. (a)	15,723		193,393
SAFLINK Corp. (a)	1,740		3,758
Salesforce.com, Inc.	12,084		244,580
ScanSoft, Inc. (a)	11,212		45,521
SCO Group, Inc. (a)	3,132		12,966
Secure Computing Corp. (a)	4,719		52,947
Segue Software, Inc. (a)	1,900		9,500
SERENA Software, Inc. (a)	4,635		90,707
Siebel Systems, Inc. (a)	108,898		1,004,040
Smith Micro Software, Inc. (a)	3,687		15,928
Sonic Foundry, Inc. (a)	1,800		2,304
Sonic Solutions, Inc. (a)	2,792		42,662
Splinex Technology, Inc. (a)	529		0
SPSS, Inc. (a)	1,760		30,765
SS&C Technologies, Inc.	3,120		93,288
SSA Global Technologies, Inc.	1,264		13,904
	Shares		Value
StorageNetworks, Inc. (a)	13,600		$ 0
SumTotal Systems, Inc. (a)	682		2,858
Sybase, Inc. (a)	17,036		347,534
Symantec Corp. (a)	155,227		3,509,682
Synopsys, Inc. (a)	33,824		611,200
Synplicity, Inc. (a)	300		1,830
Take-Two Interactive Software, Inc. (a)	15,130		389,749
TenFold Corp. (a)	2,690		1,076
THQ, Inc. (a)	15,016		418,796
TIBCO Software, Inc. (a)	32,652		207,014
Transaction Systems Architects, Inc. Class A (a)	6,378		145,291
Ulticom, Inc. (a)	4,033		37,104
Ultimate Software Group, Inc. (a)	5,525		87,958
VA Software Corp. (a)	11,502		19,438
Verint Systems, Inc. (a)	2,382		83,370
VERITAS Software Corp. (a)	97,303		2,419,926
Verity, Inc. (a)	5,230		44,612
Versant Corp. (a)	3,200		1,312
Versata, Inc. (a)	316		269
VerticalNet, Inc. (a)	530		366
Viewpoint Corp. (a)	3,600		5,220
Visual Networks, Inc. (a)	6,000		7,740
Voxware, Inc. (a)	9,500		447
WatchGuard Technologies, Inc. (a)	2,887		10,480
Wave Systems Corp. Class A (a)	2,100		1,827
Wind River Systems, Inc. (a)	29,444		482,587
Witness Systems, Inc. (a)	1,170		20,335
			107,248,788
TOTAL INFORMATION TECHNOLOGY			454,419,666
MATERIALS - 3.1%
Chemicals - 1.6%
A. Schulman, Inc.	5,900		96,524
Air Products & Chemicals, Inc.	45,253		2,725,588
Airgas, Inc.	17,437		418,488
Albemarle Corp.	11,290		429,472
American Pacific Corp. (a)	800		6,480
American Vanguard Corp.	2,636		47,184
Arch Chemicals, Inc.	3,424		80,704
Atlantis Plastics, Inc. Class A	600		3,726
Bairnco Corp.	800		8,936
Balchem Corp.	750		20,775
Cabot Corp.	12,694		368,126
Calgon Carbon Corp.	3,000		26,730
Cambrex Corp.	2,830		51,223
Celanese Corp. Class A	9,322		144,305
CFC International, Inc. (a)	600		11,058
Crompton Corp.	33,227		510,034
Cytec Industries, Inc.	7,617		317,324
Dow Chemical Co.	209,238		9,476,389
E.I. du Pont de Nemours & Co.	218,839		10,178,202
Eastman Chemical Co.	17,784		1,045,344
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Chemicals - continued
Ecolab, Inc.	39,111		$ 1,264,459
Eden Bioscience Corp. (a)	8,372		5,023
Engelhard Corp.	26,594		781,864
Ferro Corp.	15,338		295,103
FMC Corp. (a)	7,553		418,814
Georgia Gulf Corp.	6,865		218,170
Great Lakes Chemical Corp.	14,168		480,295
H.B. Fuller Co.	4,800		155,520
Hawkins, Inc.	5,191		63,849
Hercules, Inc. (a)	23,992		332,529
Huntsman Corp.	12,000		231,000
International Flavors & Fragrances, Inc.	20,178		748,402
Kronos Worldwide, Inc.	87		2,749
LESCO, Inc. (a)	2,923		39,461
Lubrizol Corp.	14,867		585,314
Lyondell Chemical Co.	45,413		1,078,105
MacDermid, Inc.	4,758		138,505
Material Sciences Corp. (a)	1,300		15,860
Minerals Technologies, Inc.	7,252		488,060
Monsanto Co.	58,101		3,311,757
Mosaic Co. (a)	25,640		335,371
Nalco Holding Co.	12,050		213,526
Nanophase Technologies Corp. (a)	3,697		24,104
NewMarket Corp. (a)	7,190		97,712
NL Industries, Inc.	5,326		80,955
Olin Corp.	17,725		332,698
OM Group, Inc. (a)	4,792		120,758
OMNOVA Solutions, Inc. (a)	3,100		12,586
Penford Corp.	600		9,294
PolyOne Corp. (a)	28,630		192,394
PPG Industries, Inc.	36,625		2,394,909
Praxair, Inc.	69,601		3,262,199
Quaker Chemical Corp.	700		12,390
Rohm & Haas Co.	30,732		1,433,648
RPM International, Inc.	24,714		434,966
Sensient Technologies Corp.	11,073		225,336
Sigma Aldrich Corp.	11,458		686,449
Spartech Corp.	9,611		194,431
Stepan Co.	700		14,847
Summa Industries, Inc.	500		3,850
Symyx Technologies, Inc. (a)	5,000		127,400
Terra Industries, Inc. (a)	17,967		114,090
The Scotts Co. Class A (a)	5,183		367,838
Valspar Corp.	12,042		570,791
Vulcan International Corp.	100		4,910
W.R. Grace & Co. (a)	13,050		134,676
Wellman, Inc.	2,274		25,560
Westlake Chemical Corp.	707		16,954
Zoltek Companies, Inc. (a)	800		7,968
			48,074,061
	Shares		Value
Construction Materials - 0.1%
Eagle Materials, Inc.	4,054		$ 355,414
Florida Rock Industries, Inc.	7,890		516,401
Headwaters, Inc. (a)	9,029		298,679
Lafarge North America, Inc.	6,258		377,795
Martin Marietta Materials, Inc.	11,253		686,996
Texas Industries, Inc.	3,522		162,082
U.S. Concrete, Inc. (a)	100		612
Vulcan Materials Co.	17,841		1,069,211
			3,467,190
Containers & Packaging - 0.3%
AEP Industries, Inc. (a)	600		10,338
Anchor Glass Container Corp.	11,433		19,665
Aptargroup, Inc.	6,929		346,450
Ball Corp.	20,634		774,807
Bemis Co., Inc.	22,012		597,846
Caraustar Industries, Inc. (a)	5,232		54,936
Chesapeake Corp.	3,900		81,393
Crown Holdings, Inc. (a)	32,258		480,322
Graphic Packaging Corp. (a)	18,587		69,701
Greif Brothers Corp. Class A	4,918		357,440
Longview Fibre Co.	10,700		213,679
MOD-PAC Corp. (sub. vtg.) (a)	1,150		18,341
Myers Industries, Inc.	2,494		27,808
Owens-Illinois, Inc. (a)	29,918		769,192
Packaging Corp. of America	18,361		401,004
Packaging Dynamics Corp.	320		4,512
Pactiv Corp. (a)	31,110		710,864
Rock-Tenn Co. Class A	5,000		57,550
Sealed Air Corp. (a)	16,775		868,777
Silgan Holdings, Inc.	3,200		182,400
Smurfit-Stone Container Corp. (a)	51,411		558,838
Sonoco Products Co.	18,312		487,649
Temple-Inland, Inc.	23,086		824,632
			7,918,144
Metals & Mining - 0.7%
AK Steel Holding Corp. (a)	22,608		172,951
Alcoa, Inc.	189,861		5,145,233
Aleris International, Inc. (a)	5,770		137,441
Allegheny Technologies, Inc.	15,150		322,089
Amcol International Corp.	3,826		74,224
Brush Engineered Materials, Inc. (a)	4,706		66,731
Carpenter Technology Corp.	4,219		227,826
Century Aluminum Co. (a)	6,300		141,183
Cleveland-Cliffs, Inc.	5,855		343,279
Coeur d'Alene Mines Corp. (a)	37,016		123,263
Commercial Metals Co.	14,862		388,790
Compass Minerals International, Inc.	11,094		249,948
Freeport-McMoRan Copper & Gold, Inc. Class B	37,051		1,307,900
Gibraltar Industries, Inc.	11,584		226,583
Glamis Gold Ltd. (a)	24,760		349,938
Hecla Mining Co. (a)	17,839		79,919
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - continued
Meridian Gold, Inc. (a)	19,029		$ 317,150
Newmont Mining Corp.	86,675		3,227,777
NN, Inc.	100		1,269
Nucor Corp.	30,862		1,634,452
Oregon Steel Mills, Inc. (a)	10,953		193,430
Phelps Dodge Corp.	20,615		1,801,751
Quanex Corp.	7,326		380,146
Reliance Steel & Aluminum Co.	7,747		298,182
Roanoke Electric Steel Corp.	5,013		100,511
Royal Gold, Inc.	3,723		65,339
RTI International Metals, Inc. (a)	4,252		116,462
Ryerson Tull, Inc.	1,290		19,634
Schnitzer Steel Industries, Inc. Class A	6,426		148,569
Southern Peru Copper Corp.	2,767		128,555
Steel Dynamics, Inc.	10,869		292,267
Steel Technologies, Inc.	2,600		52,000
Stillwater Mining Co. (a)	16,535		111,611
Synalloy Corp. (a)	700		8,050
Titanium Metals Corp. (a)	2,050		87,207
United States Steel Corp.	24,214		962,991
Universal Stainless & Alloy Products, Inc. (a)	2,700		33,885
Wheeling Pittsburgh Corp. (a)	2,314		41,050
Worthington Industries, Inc.	12,166		203,902
			19,583,488
Paper & Forest Products - 0.4%
Bowater, Inc.	16,248		510,187
Buckeye Technologies, Inc. (a)	6,535		54,044
Deltic Timber Corp.	2,383		92,222
Georgia-Pacific Corp.	48,950		1,622,203
International Paper Co.	107,735		3,470,144
Louisiana-Pacific Corp.	21,677		545,827
MeadWestvaco Corp.	45,935		1,317,416
Neenah Paper, Inc.	2,897		86,707
P.H. Glatfelter Co.	6,530		73,136
Pope & Talbot, Inc.	1,500		16,545
Potlatch Corp.	6,755		349,166
Schweitzer-Mauduit International, Inc.	5,576		167,113
Wausau-Mosinee Paper Corp.	9,800		122,500
Weyerhaeuser Co.	50,030		3,209,425
			11,636,635
TOTAL MATERIALS			90,679,518
TELECOMMUNICATION SERVICES - 2.8%
Diversified Telecommunication Services - 2.3%
Acceris Communications, Inc. (a)	450		171
Alaska Communication Systems Group, Inc.	4,500		42,615
Allegiance Telecom, Inc. (a)	7,100		33
ALLTEL Corp.	68,029		3,957,247
	Shares		Value
AT&T Corp.	172,062		$ 3,233,045
BellSouth Corp.	405,240		10,844,222
Broadwing Corp. (a)	10,240		50,176
CenturyTel, Inc.	27,170		890,904
Cincinnati Bell, Inc. (a)	61,223		241,831
Citizens Communications Co.	71,824		979,679
Cogent Communications Group, Inc. (a)	2		46
Commonwealth Telephone Enterprises, Inc.	3,600		188,100
Covad Communications Group, Inc. (a)	33,939		42,763
CT Communications, Inc.	1,738		21,030
D&E Communications, Inc.	2,800		22,652
FairPoint Communications, Inc.	3,643		56,722
Fonix Corp. (a)	465		44
General Communications, Inc. Class A (a)	6,544		53,923
Global Crossing Ltd. (a)	4,203		56,993
HickoryTech Corp.	540		4,903
Hungarian Telephone & Cable Corp. (a)	4,123		74,956
IDT Corp. Class B (a)	11,458		156,975
Iowa Telecommunication Services, Inc.	11,175		210,090
Level 3 Communications, Inc. (a)	106,691		221,917
MCI, Inc.	53,200		1,362,984
McLeodUSA, Inc. Class A (a)	16,080		1,930
Moscow CableCom Corp. (a)	1,700		9,435
North Pittsburgh Systems, Inc.	2,140		40,146
Pac-West Telecomm, Inc. (a)	1,090		1,134
PanAmSat Holding Corp.	10,460		198,845
Premiere Global Services, Inc. (a)	19,031		214,099
Primus Telecommunications Group, Inc. (a)	17,273		15,546
Qwest Communications International, Inc. (a)	322,447		1,263,992
SBC Communications, Inc.	727,863		17,017,437
Shenandoah Telecommunications Co.	1,800		57,600
Sprint Corp.	281,924		6,678,780
SureWest Communications	1,661		39,532
Talk America Holdings, Inc. (a)	4,710		41,872
Time Warner Telecom, Inc. Class A (a)	7,389		37,684
Trinsic, Inc. (a)	731		212
U.S. LEC Corp. Class A (a)	2,800		7,000
Valor Communications Group, Inc.	5,662		77,003
Verizon Communications, Inc.	606,553		21,459,845
WQN, Inc. (a)	310		611
XETA Technologies, Inc. (a)	2,000		6,400
			69,883,124
Wireless Telecommunication Services - 0.5%
Alamosa Holdings, Inc. (a)	38,509		475,586
American Tower Corp. Class A (a)	56,313		1,015,887
At Road, Inc. (a)	6,908		19,066
Centennial Communications Corp. Class A (a)	19,693		257,781
Crown Castle International Corp. (a)	59,613		1,059,919
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - continued
Dobson Communications Corp. Class A (a)	17,844		$ 38,008
GoAmerica, Inc. (a)	30		209
InPhonic, Inc.	655		9,674
LCC International, Inc. (a)	2,300		8,211
Metro One Telecommunications, Inc. (a)	5,800		5,452
Nextel Communications, Inc. Class A (a)	236,407		7,134,763
Nextel Partners, Inc. Class A (a)	7,046		167,343
NII Holdings, Inc. (a)	12,425		740,530
Price Communications Corp.	15,956		274,284
Rural Cellular Corp. Class A (a)	4,700		22,654
SBA Communications Corp. Class A (a)	15,828		176,957
SpectraSite, Inc. (a)	9,468		604,532
SunCom Wireless Holdings, Inc. Class A (a)	6,400		13,440
Syniverse Holdings, Inc.	3,780		43,961
Telephone & Data Systems, Inc.	13,090		507,238
U.S. Cellular Corp. (a)	3,371		158,572
U.S. Unwired, Inc. Class A (a)	8,000		40,480
Ubiquitel, Inc. (a)	16,900		116,948
Western Wireless Corp. Class A (a)	14,878		592,293
Wireless Facilities, Inc. (a)	7,785		40,093
			13,523,881
TOTAL TELECOMMUNICATION SERVICES			83,407,005
UTILITIES - 3.4%
Electric Utilities - 1.9%
Allegheny Energy, Inc. (a)	39,957		966,160
Allete, Inc.	4,890		234,720
Alliant Energy Corp.	23,954		661,130
Ameren Corp.	40,990		2,237,234
American Electric Power Co., Inc.	87,811		3,133,975
CenterPoint Energy, Inc.	65,332		800,970
Central Vermont Public Service Corp.	2,400		50,400
CH Energy Group, Inc.	6,461		292,037
Cinergy Corp.	37,072		1,528,479
Cleco Corp.	8,300		173,387
Consolidated Edison, Inc.	53,654		2,441,794
DPL, Inc.	31,522		797,822
DTE Energy Co.	33,622		1,598,390
Duquesne Light Holdings, Inc.	18,842		358,563
Edison International	66,151		2,431,049
El Paso Electric Co. (a)	8,800		176,616
Empire District Electric Co.	5,700		130,986
Entergy Corp.	48,312		3,470,251
Exelon Corp.	144,749		6,781,491
FirstEnergy Corp.	71,548		3,169,576
FPL Group, Inc.	72,908		2,963,710
Great Plains Energy, Inc.	14,229		448,214
Green Mountain Power Corp.	2,020		59,024
	Shares		Value
Hawaiian Electric Industries, Inc.	15,044		$ 388,135
IDACORP, Inc.	11,816		334,629
MGE Energy, Inc.	3,300		118,800
Northeast Utilities	31,344		620,925
NSTAR	10,160		594,766
Otter Tail Corp.	8,116		206,633
Pepco Holdings, Inc.	44,881		1,011,618
PG&E Corp.	84,873		3,035,907
Pinnacle West Capital Corp.	18,423		812,823
PNM Resources, Inc.	9,300		271,002
PPL Corp.	41,117		2,364,639
Progress Energy, Inc.	53,511		2,366,792
Reliant Energy, Inc. (a)	65,900		810,570
Sierra Pacific Resources (a)	27,514		328,792
Southern Co.	163,742		5,559,041
TECO Energy, Inc.	45,359		801,947
UIL Holdings Corp.	2,900		150,336
Unisource Energy Corp.	5,073		145,950
Unitil Corp.	1,979		53,690
Westar Energy, Inc.	19,419		447,996
Xcel Energy, Inc.	82,852		1,526,962
			56,857,931
Gas Utilities - 0.4%
AGL Resources, Inc.	17,824		628,118
Atmos Energy Corp.	20,296		574,174
Cascade Natural Gas Corp.	2,816		54,124
Chesapeake Utilities Corp.	3,158		91,014
Delta Natural Gas Co., Inc.	1,500		38,580
Energen Corp.	5,500		358,490
EnergySouth, Inc.	1,948		52,440
Equitable Resources, Inc.	11,496		730,686
KeySpan Corp.	29,843		1,185,961
Laclede Group, Inc.	3,369		100,733
National Fuel Gas Co.	21,656		606,368
New Jersey Resources Corp.	8,309		374,736
Nicor, Inc.	7,539		297,791
NiSource, Inc.	59,291		1,428,913
Northwest Natural Gas Co.	10,825		391,865
ONEOK, Inc.	22,539		695,328
Peoples Energy Corp.	9,564		408,861
Piedmont Natural Gas Co., Inc.	17,138		419,195
Questar Corp.	19,499		1,229,217
South Jersey Industries, Inc.	4,445		252,032
Southern Union Co.	20,561		503,128
Southwest Gas Corp.	5,329		133,118
UGI Corp.	17,764		470,924
WGL Holdings, Inc.	14,007		455,788
			11,481,584
Independent Power Producers & Energy Traders - 0.5%
AES Corp. (a)	147,189		2,191,644
Baycorp Holdings Ltd. (a)	2,577		35,691
Black Hills Corp.	11,850		433,947
Calpine Corp. (a)	112,045		333,894
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Independent Power Producers & Energy Traders - continued
Constellation Energy Group, Inc.	38,507		$ 2,058,199
Duke Energy Corp.	194,050		5,332,494
Dynegy, Inc. Class A (a)	70,878		329,583
NRG Energy, Inc. (a)	18,415		658,336
Ormat Technologies, Inc.	697		11,926
TXU Corp.	62,406		5,009,954
			16,395,668
Multi-Utilities - 0.6%
Aquila, Inc. (a)	55,492		207,540
Avista Corp.	15,952		281,234
CMS Energy Corp. (a)	53,525		708,136
Dominion Resources, Inc.	74,485		5,237,040
Energy East Corp.	31,264		875,392
MDU Resources Group, Inc.	21,802		627,680
OGE Energy Corp.	25,698		713,120
Public Service Enterprise Group, Inc.	51,933		2,882,282
Puget Energy, Inc.	30,052		683,683
SCANA Corp.	20,887		879,969
Sempra Energy	38,013		1,507,976
Vectren Corp.	20,232		552,131
Wisconsin Energy Corp.	23,856		865,973
WPS Resources Corp.	11,330		624,623
			16,646,779
Water Utilities - 0.0%
American States Water Co.	3,400		95,132
Aqua America, Inc.	19,247		523,903
Artesian Resources Corp. Class A	2,095		67,606
California Water Service Group	3,300		119,064
Middlesex Water Co.	2,742		53,030
SJW Corp.	3,300		139,260
Southwest Water Co.	6,003		63,872
			1,061,867
TOTAL UTILITIES			102,443,829
TOTAL COMMON STOCKS (Cost $2,698,057,199)		2,934,593,820
Nonconvertible Preferred Stocks - 0.0%
	Shares		Value
TELECOMMUNICATION SERVICES - 0.0%
Wireless Telecommunication Services - 0.0%
Telephone & Data Systems, Inc.	13,090		$ 497,420
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $462,951)		497,420
Nonconvertible Bonds - 0.0%
	Principal Amount
HEALTH CARE - 0.0%
Health Care Equipment & Supplies - 0.0%
Del Global Technologies Corp. 6% 3/28/07	$ 1,239		6
TOTAL NONCONVERTIBLE BONDS (Cost $922)			6
U.S. Treasury Obligations - 0.2%
U.S. Treasury Bills, yield at date of purchase 2.71% 6/9/05 (d) (Cost $5,995,965)	6,000,000		5,996,544
Money Market Funds - 5.0%
	Shares
Fidelity Cash Central Fund, 3.05% (b)	55,001,635		55,001,635
Fidelity Securities Lending Cash Central Fund, 3.06% (b)(c)	93,664,798		93,664,798
TOTAL MONEY MARKET FUNDS (Cost $148,666,433)		148,666,433
TOTAL INVESTMENT PORTFOLIO - 104.0% (Cost $2,853,183,470)		3,089,754,223
NET OTHER ASSETS - (4.0)%		(117,846,092)
NET ASSETS - 100%		$2,971,908,131

Futures Contracts
	Expiration Date		Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
14 Russell 2000 Index Contracts	June 2005		$ 4,320,750	$ 241,655
127 S&P 500 E-Mini Index Contracts	June 2005		7,571,105	37,301
74 S&P 500 Index Contracts	June 2005		22,057,550	777,439
7 S&P MidCap 400 Index Contracts	June 2005		2,347,450	117,207
TOTAL EQUITY INDEX CONTRACTS		$ 36,296,855		$ 1,173,602

The face value of futures purchased as a percentage of net assets - 1.2%

Swap Agreements
		Notional Amount	Value
Equity Total Return Swap
Receive monthly a return equal to Plains All American Pipeline LP and pay monthly a floating rate based on 1-month LIBOR plus 40 basis points with Goldman Sachs	August 2005	$ 317,000	$ 104,870

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete listing of the fund's holdings as of its most recent quarter end is available upon request.

(c) Investment made with cash collateral received from securities on loan.

(d) 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 $5,996,544.

(e) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $0 or 0.0% of net assets.

Security	Acquisition Date	Acquisition Cost
Starbiz Corp.	7/31/00	$ 0

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $2,868,058,595. Net unrealized appreciation aggregated $221,695,628, of which $599,095,785 related to appreciated investment securities and $377,400,157 related to depreciated investment securities.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Spartan ® U.S. Equity Index Fund

May 31, 2005

1.816023.100

UEI-QTLY-0705

Investments May 31, 2005 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 11.1%
Auto Components - 0.2%
Cooper Tire & Rubber Co.	122,481		$ 2,332
Dana Corp.	287,541		3,896
Delphi Corp.	1,074,627		4,675
Goodyear Tire & Rubber Co. (a)	336,600		4,844
Johnson Controls, Inc.	366,079		20,742
Visteon Corp.	248,048		1,893
			38,382
Automobiles - 0.4%
Ford Motor Co.	3,505,984		34,990
General Motors Corp.	1,081,583		34,102
Harley-Davidson, Inc.	559,097		27,413
			96,505
Distributors - 0.1%
Genuine Parts Co.	334,565		14,373
Diversified Consumer Services - 0.2%
Apollo Group, Inc. Class A (a)	317,327		24,910
H&R Block, Inc.	316,448		15,797
			40,707
Hotels, Restaurants & Leisure - 1.5%
Carnival Corp. unit	1,008,861		53,369
Darden Restaurants, Inc.	282,920		9,189
Harrah's Entertainment, Inc.	217,970		15,652
Hilton Hotels Corp.	736,687		17,850
International Game Technology	660,722		18,619
Marriott International, Inc. Class A	384,769		25,987
McDonald's Corp.	2,435,973		75,369
Starbucks Corp. (a)	765,258		41,898
Starwood Hotels & Resorts Worldwide, Inc. unit	406,854		22,772
Wendy's International, Inc.	218,256		9,850
Yum! Brands, Inc.	557,963		28,618
			319,173
Household Durables - 0.6%
Black & Decker Corp.	153,619		13,414
Centex Corp.	242,337		15,868
Fortune Brands, Inc.	277,441		23,999
KB Home	159,522		10,774
Leggett & Platt, Inc.	365,447		9,736
Maytag Corp.	152,244		2,221
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Newell Rubbermaid, Inc.	526,214		$ 11,992
Pulte Homes, Inc.	226,888		17,346
Snap-On, Inc.	110,939		3,829
The Stanley Works	143,967		6,422
Whirlpool Corp.	128,022		8,808
			124,409
Internet & Catalog Retail - 0.4%
eBay, Inc. (a)	2,317,647		88,094
Leisure Equipment & Products - 0.2%
Brunswick Corp.	185,537		7,986
Eastman Kodak Co.	548,960		14,427
Hasbro, Inc.	319,619		6,450
Mattel, Inc.	797,910		14,506
			43,369
Media - 3.7%
Clear Channel Communications, Inc.	1,009,281		29,501
Comcast Corp. Class A (a)	4,235,883		136,395
Dow Jones & Co., Inc.	135,177		4,799
Gannett Co., Inc.	480,962		35,812
Interpublic Group of Companies, Inc. (a)	809,791		9,993
Knight-Ridder, Inc.	144,574		9,120
McGraw-Hill Companies, Inc.	729,392		31,845
Meredith Corp.	87,092		4,320
News Corp. Class A	5,520,773		89,050
Omnicom Group, Inc.	356,797		29,218
The New York Times Co. Class A	279,144		8,757
Time Warner, Inc. (a)	8,800,640		153,131
Tribune Co.	571,161		20,665
Univision Communications, Inc. Class A (a)	558,915		14,873
Viacom, Inc. Class B (non-vtg.)	3,264,956		111,955
Walt Disney Co.	3,920,516		107,579
			797,013
Multiline Retail - 1.2%
Big Lots, Inc. (a)	216,125		2,736
Dillard's, Inc. Class A	135,249		3,235
Dollar General Corp.	577,256		11,320
Family Dollar Stores, Inc.	321,143		8,244
Federated Department Stores, Inc.	324,010		21,854
JCPenney Co., Inc.	517,751		25,763
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Multiline Retail - continued
Kohl's Corp. (a)	624,135		$ 30,389
Nordstrom, Inc.	241,410		14,736
Sears Holdings Corp. (a)	183,861		26,972
Target Corp.	1,714,648		92,077
The May Department Stores Co.	559,123		21,336
			258,662
Specialty Retail - 2.2%
AutoNation, Inc. (a)	432,426		8,649
AutoZone, Inc. (a)	129,597		11,731
Bed Bath & Beyond, Inc. (a)	579,459		23,555
Best Buy Co., Inc.	571,689		31,117
Circuit City Stores, Inc.	366,273		6,003
Gap, Inc.	1,517,958		31,877
Home Depot, Inc.	4,205,026		165,468
Limited Brands, Inc.	731,568		15,048
Lowe's Companies, Inc.	1,479,758		84,657
Office Depot, Inc. (a)	598,935		11,811
OfficeMax, Inc.	133,957		4,066
RadioShack Corp.	303,453		7,635
Sherwin-Williams Co.	242,367		10,773
Staples, Inc.	1,422,552		30,628
Tiffany & Co., Inc.	278,617		8,673
TJX Companies, Inc.	922,737		21,158
Toys 'R' Us, Inc. (a)	411,812		10,789
			483,638
Textiles, Apparel & Luxury Goods - 0.4%
Coach, Inc. (a)	732,229		21,264
Jones Apparel Group, Inc.	234,410		7,480
Liz Claiborne, Inc.	207,860		7,805
NIKE, Inc. Class B	439,919		36,161
Reebok International Ltd.	107,282		4,367
VF Corp.	191,469		10,805
			87,882
TOTAL CONSUMER DISCRETIONARY			2,392,207
CONSUMER STAPLES - 10.0%
Beverages - 2.3%
Anheuser-Busch Companies, Inc.	1,487,796		69,703
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Beverages - continued
Brown-Forman Corp. Class B (non-vtg.)	172,600		$ 10,290
Coca-Cola Enterprises, Inc.	675,420		14,778
Molson Coors Brewing Co. Class B	153,929		9,000
Pepsi Bottling Group, Inc.	378,616		10,741
PepsiCo, Inc.	3,213,526		180,793
The Coca-Cola Co.	4,338,167		193,612
			488,917
Food & Staples Retailing - 2.7%
Albertsons, Inc.	704,791		14,794
Costco Wholesale Corp.	904,517		41,083
CVS Corp.	766,083		42,020
Kroger Co. (a)	1,402,039		23,512
Safeway, Inc. (a)	856,916		18,861
SUPERVALU, Inc.	258,712		8,475
Sysco Corp.	1,219,611		45,321
Wal-Mart Stores, Inc.	6,487,465		306,403
Walgreen Co.	1,955,839		88,678
			589,147
Food Products - 1.1%
Archer-Daniels-Midland Co.	1,193,279		23,687
Campbell Soup Co.	623,523		19,348
ConAgra Foods, Inc.	987,129		25,813
General Mills, Inc.	699,089		34,605
H.J. Heinz Co.	670,330		24,380
Hershey Co.	418,931		26,900
Kellogg Co.	672,077		30,573
McCormick & Co., Inc. (non-vtg.)	260,019		8,799
Sara Lee Corp.	1,511,483		30,668
Wm. Wrigley Jr. Co.	374,531		25,569
			250,342
Household Products - 1.8%
Clorox Co.	293,719		17,156
Colgate-Palmolive Co.	1,006,307		50,285
Kimberly-Clark Corp.	921,582		59,285
Procter & Gamble Co.	4,811,512		265,355
			392,081
Personal Products - 0.7%
Alberto-Culver Co.	162,352		7,197
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Personal Products - continued
Avon Products, Inc.	902,969		$ 35,884
Gillette Co.	1,917,749		101,142
			144,223
Tobacco - 1.4%
Altria Group, Inc.	3,961,180		265,954
Reynolds American, Inc.	222,980		18,487
UST, Inc.	316,557		14,106
			298,547
TOTAL CONSUMER STAPLES			2,163,257
ENERGY - 8.1%
Energy Equipment & Services - 1.2%
Baker Hughes, Inc.	647,589		29,912
BJ Services Co.	311,090		15,663
Halliburton Co.	965,981		41,286
Nabors Industries Ltd. (a)	271,150		14,943
National Oilwell Varco, Inc. (a)	321,310		14,459
Noble Corp.	259,601		14,699
Rowan Companies, Inc.	205,344		5,647
Schlumberger Ltd. (NY Shares)	1,129,005		77,190
Transocean, Inc. (a)	615,002		30,633
			244,432
Oil, Gas & Consumable Fuels - 6.9%
Amerada Hess Corp.	163,220		15,155
Anadarko Petroleum Corp.	453,515		34,331
Apache Corp.	625,158		36,734
Ashland, Inc.	126,993		8,674
Burlington Resources, Inc.	740,891		37,548
ChevronTexaco Corp.	4,029,785		216,722
ConocoPhillips	1,332,404		143,686
Devon Energy Corp.	918,039		42,138
El Paso Corp.	1,231,650		12,735
EOG Resources, Inc.	457,626		22,831
Exxon Mobil Corp.	12,227,299		687,174
Kerr-McGee Corp.	223,065		16,476
Kinder Morgan, Inc.	210,310		16,343
Marathon Oil Corp.	664,494		32,221
Occidental Petroleum Corp.	760,654		55,611
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Sunoco, Inc.	132,825		$ 13,624
Unocal Corp.	518,117		29,527
Valero Energy Corp.	491,448		33,723
Williams Companies, Inc.	1,091,893		20,102
XTO Energy, Inc.	665,214		20,701
			1,496,056
TOTAL ENERGY			1,740,488
FINANCIALS - 19.4%
Capital Markets - 2.6%
Bank of New York Co., Inc.	1,490,609		42,959
Bear Stearns Companies, Inc.	216,946		21,486
Charles Schwab Corp.	2,198,268		24,928
E*TRADE Financial Corp. (a)	709,737		8,765
Federated Investors, Inc. Class B (non-vtg.)	182,185		5,394
Franklin Resources, Inc.	378,767		27,324
Goldman Sachs Group, Inc.	857,420		83,598
Janus Capital Group, Inc.	452,467		6,950
Lehman Brothers Holdings, Inc.	528,569		48,734
Mellon Financial Corp.	811,470		22,526
Merrill Lynch & Co., Inc.	1,782,422		96,714
Morgan Stanley	2,130,763		104,322
Northern Trust Corp.	389,470		17,884
State Street Corp.	638,680		30,657
T. Rowe Price Group, Inc.	237,004		14,140
			556,381
Commercial Banks - 5.7%
AmSouth Bancorp.	679,986		18,128
Bank of America Corp.	7,762,297		359,550
BB&T Corp.	1,050,237		41,946
Comerica, Inc.	325,909		18,212
Compass Bancshares, Inc.	236,615		10,546
Fifth Third Bancorp	995,912		42,446
First Horizon National Corp.	235,777		9,957
Huntington Bancshares, Inc.	443,983		10,354
KeyCorp	778,064		25,489
M&T Bank Corp.	188,317		19,235
Marshall & Ilsley Corp.	397,900		17,313
National City Corp.	1,137,885		39,325
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Commercial Banks - continued
North Fork Bancorp, Inc., New York	901,238		$ 24,568
PNC Financial Services Group, Inc.	541,223		29,578
Regions Financial Corp. New	889,645		29,963
SunTrust Banks, Inc.	649,497		47,809
Synovus Financial Corp.	595,253		17,304
U.S. Bancorp, Delaware	3,549,009		104,092
Wachovia Corp.	3,036,091		154,082
Wells Fargo & Co.	3,247,220		196,165
Zions Bancorp	172,063		12,189
			1,228,251
Consumer Finance - 1.2%
American Express Co.	2,246,403		120,969
Capital One Financial Corp.	473,329		35,689
MBNA Corp.	2,446,617		51,599
Providian Financial Corp. (a)	561,281		10,002
SLM Corp.	823,078		39,730
			257,989
Diversified Financial Services - 3.6%
CIT Group, Inc.	403,758		17,127
Citigroup, Inc.	10,006,019		471,384
JPMorgan Chase & Co.	6,804,969		243,278
Moody's Corp.	525,342		22,732
Principal Financial Group, Inc.	573,571		22,880
			777,401
Insurance - 4.1%
ACE Ltd.	544,210		23,521
AFLAC, Inc.	961,000		39,930
Allstate Corp.	1,300,611		75,696
AMBAC Financial Group, Inc.	208,088		15,014
American International Group, Inc.	4,987,484		277,055
Aon Corp.	605,979		15,107
Cincinnati Financial Corp.	319,464		12,609
Hartford Financial Services Group, Inc.	566,258		42,350
Jefferson-Pilot Corp.	261,425		13,176
Lincoln National Corp.	333,853		15,200
Loews Corp.	305,685		23,018
Marsh & McLennan Companies, Inc.	1,012,831		29,413
MBIA, Inc.	269,474		15,072
MetLife, Inc.	1,403,473		62,595
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Insurance - continued
Progressive Corp.	383,368		$ 36,830
Prudential Financial, Inc.	1,003,406		63,526
SAFECO Corp.	243,526		13,104
The Chubb Corp.	366,816		30,897
The St. Paul Travelers Companies, Inc.	1,281,951		48,560
Torchmark Corp.	207,014		10,920
UnumProvident Corp.	569,800		10,462
XL Capital Ltd. Class A	266,230		20,042
			894,097
Real Estate - 0.5%
Apartment Investment & Management Co. Class A	183,164		6,795
Archstone-Smith Trust	382,572		14,086
Equity Office Properties Trust	772,164		25,088
Equity Residential (SBI)	541,468		19,439
Plum Creek Timber Co., Inc.	351,969		12,337
ProLogis	352,149		14,382
Simon Property Group, Inc.	423,512		29,104
			121,231
Thrifts & Mortgage Finance - 1.7%
Countrywide Financial Corp.	1,111,441		41,312
Fannie Mae	1,853,436		109,798
Freddie Mac	1,317,449		85,687
Golden West Financial Corp., Delaware	540,740		33,861
MGIC Investment Corp.	185,322		11,368
Sovereign Bancorp, Inc.	717,676		16,019
Washington Mutual, Inc.	1,672,181		69,061
			367,106
TOTAL FINANCIALS			4,202,456
HEALTH CARE - 13.0%
Biotechnology - 1.2%
Amgen, Inc. (a)	2,398,823		150,118
Applera Corp. - Applied Biosystems Group	375,954		8,049
Biogen Idec, Inc. (a)	638,718		24,974
Chiron Corp. (a)	282,657		10,611
Genzyme Corp. (a)	474,638		29,613
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Biotechnology - continued
Gilead Sciences, Inc. (a)	828,989		$ 33,823
MedImmune, Inc. (a)	476,288		12,574
			269,762
Health Care Equipment & Supplies - 2.2%
Bausch & Lomb, Inc.	102,726		8,022
Baxter International, Inc.	1,186,669		43,788
Becton, Dickinson & Co.	484,306		27,823
Biomet, Inc.	483,853		18,236
Boston Scientific Corp. (a)	1,455,378		39,426
C.R. Bard, Inc.	200,553		13,688
Fisher Scientific International, Inc. (a)	224,592		14,028
Guidant Corp.	617,744		45,645
Hospira, Inc. (a)	298,905		11,382
Medtronic, Inc.	2,316,108		124,491
Millipore Corp. (a)	95,228		4,903
PerkinElmer, Inc.	248,055		4,745
St. Jude Medical, Inc. (a)	691,088		27,726
Stryker Corp.	717,512		34,907
Thermo Electron Corp. (a)	306,287		8,061
Waters Corp. (a)	231,394		8,990
Zimmer Holdings, Inc. (a)	472,388		36,175
			472,036
Health Care Providers & Services - 2.6%
Aetna, Inc.	563,681		43,973
AmerisourceBergen Corp.	201,840		13,033
Cardinal Health, Inc.	830,311		48,100
Caremark Rx, Inc. (a)	875,084		39,081
CIGNA Corp.	251,913		24,499
Express Scripts, Inc. (a)	145,689		13,460
HCA, Inc.	788,286		42,567
Health Management Associates, Inc. Class A	467,242		11,784
Humana, Inc. (a)	307,946		11,197
IMS Health, Inc.	444,166		10,904
Laboratory Corp. of America Holdings (a)	258,600		12,529
Manor Care, Inc.	165,037		6,413
McKesson Corp.	565,275		22,764
Medco Health Solutions, Inc. (a)	527,272		26,364
Quest Diagnostics, Inc.	174,793		18,353
Tenet Healthcare Corp. (a)	896,788		10,869
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Providers & Services - continued
UnitedHealth Group, Inc.	2,456,732		$ 119,348
WellPoint, Inc. (a)	584,017		77,674
			552,912
Pharmaceuticals - 7.0%
Abbott Laboratories	2,985,209		144,006
Allergan, Inc.	252,010		19,483
Bristol-Myers Squibb Co.	3,741,880		94,894
Eli Lilly & Co.	2,169,043		126,455
Forest Laboratories, Inc. (a)	672,860		25,959
Johnson & Johnson	5,694,263		382,085
King Pharmaceuticals, Inc. (a)	462,562		4,376
Merck & Co., Inc.	4,228,190		137,162
Mylan Laboratories, Inc.	515,570		8,507
Pfizer, Inc.	14,286,364		398,590
Schering-Plough Corp.	2,824,421		55,076
Watson Pharmaceuticals, Inc. (a)	209,685		6,303
Wyeth	2,558,405		110,958
			1,513,854
TOTAL HEALTH CARE			2,808,564
INDUSTRIALS - 11.1%
Aerospace & Defense - 2.2%
General Dynamics Corp.	383,228		41,381
Goodrich Corp.	229,926		9,625
Honeywell International, Inc.	1,629,140		59,024
L-3 Communications Holdings, Inc.	220,514		15,608
Lockheed Martin Corp.	768,713		49,882
Northrop Grumman Corp.	689,872		38,440
Raytheon Co.	867,632		33,976
Rockwell Collins, Inc.	341,589		16,871
The Boeing Co.	1,594,008		101,857
United Technologies Corp.	980,759		104,647
			471,311
Air Freight & Logistics - 1.0%
FedEx Corp.	576,992		51,595
Ryder System, Inc.	122,730		4,509
United Parcel Service, Inc. Class B	2,143,196		157,846
			213,950
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Airlines - 0.1%
Delta Air Lines, Inc. (a)	267,760		$ 1,031
Southwest Airlines Co.	1,410,792		20,527
			21,558
Building Products - 0.2%
American Standard Companies, Inc.	345,027		14,767
Masco Corp.	857,873		27,469
			42,236
Commercial Services & Supplies - 0.7%
Allied Waste Industries, Inc. (a)	519,633		4,006
Avery Dennison Corp.	194,593		10,206
Cendant Corp.	2,020,547		42,856
Cintas Corp.	286,086		11,549
Equifax, Inc.	258,678		8,974
Monster Worldwide, Inc. (a)	231,140		6,097
Pitney Bowes, Inc.	442,030		19,719
R.R. Donnelley & Sons Co.	412,461		13,714
Robert Half International, Inc.	308,255		7,688
Waste Management, Inc.	1,088,569		32,102
			156,911
Construction & Engineering - 0.0%
Fluor Corp.	163,831		9,412
Electrical Equipment - 0.4%
American Power Conversion Corp.	344,279		8,765
Cooper Industries Ltd. Class A	177,435		12,232
Emerson Electric Co.	802,962		53,373
Rockwell Automation, Inc.	335,041		17,211
			91,581
Industrial Conglomerates - 4.6%
3M Co.	1,479,110		113,374
General Electric Co.	20,296,351		740,412
Textron, Inc.	258,811		20,004
Tyco International Ltd.	3,855,086		111,528
			985,318
Machinery - 1.4%
Caterpillar, Inc.	656,689		61,801
Cummins, Inc.	81,931		5,567
Danaher Corp.	526,957		29,051
Deere & Co.	472,744		31,272
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Machinery - continued
Dover Corp.	390,061		$ 14,772
Eaton Corp.	292,788		17,523
Illinois Tool Works, Inc.	526,065		44,416
Ingersoll-Rand Co. Ltd. Class A	331,882		25,691
ITT Industries, Inc.	176,709		16,787
Navistar International Corp. (a)	125,935		3,842
PACCAR, Inc.	332,604		23,532
Pall Corp.	237,445		6,931
Parker Hannifin Corp.	230,117		13,883
			295,068
Road & Rail - 0.5%
Burlington Northern Santa Fe Corp.	724,528		35,806
CSX Corp.	412,889		17,168
Norfolk Southern Corp.	766,489		24,466
Union Pacific Corp.	499,784		33,466
			110,906
Trading Companies & Distributors - 0.0%
W.W. Grainger, Inc.	159,725		8,687
TOTAL INDUSTRIALS			2,406,938
INFORMATION TECHNOLOGY - 15.0%
Communications Equipment - 2.6%
ADC Telecommunications, Inc. (a)	221,791		4,028
Andrew Corp. (a)	308,295		4,088
Avaya, Inc. (a)	919,177		8,410
CIENA Corp. (a)	1,095,788		2,389
Cisco Systems, Inc. (a)	12,377,798		239,882
Comverse Technology, Inc. (a)	378,485		8,906
Corning, Inc. (a)	2,699,483		42,328
JDS Uniphase Corp. (a)	2,766,422		4,233
Lucent Technologies, Inc. (a)	8,484,810		23,842
Motorola, Inc.	4,694,956		81,551
QUALCOMM, Inc.	3,151,511		117,425
Scientific-Atlanta, Inc.	291,183		9,696
Tellabs, Inc. (a)	884,666		7,272
			554,050
Computers & Peripherals - 3.5%
Apple Computer, Inc. (a)	1,564,800		62,138
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - continued
Dell, Inc. (a)	4,708,738		$ 187,832
EMC Corp. (a)	4,606,314		64,765
Gateway, Inc. (a)	572,442		1,981
Hewlett-Packard Co.	5,544,686		124,811
International Business Machines Corp.	3,126,316		236,193
Lexmark International, Inc. Class A (a)	242,474		16,595
NCR Corp. (a)	356,590		13,062
Network Appliance, Inc. (a)	701,126		20,164
QLogic Corp. (a)	175,873		5,631
Sun Microsystems, Inc. (a)	6,468,254		24,644
			757,816
Electronic Equipment & Instruments - 0.3%
Agilent Technologies, Inc. (a)	827,665		19,872
Jabil Circuit, Inc. (a)	351,449		10,273
Molex, Inc.	321,109		8,506
Sanmina-SCI Corp. (a)	1,002,293		5,142
Solectron Corp. (a)	1,859,483		6,787
Symbol Technologies, Inc.	464,642		5,348
Tektronix, Inc.	171,143		3,880
			59,808
Internet Software & Services - 0.4%
Yahoo!, Inc. (a)	2,496,919		92,885
IT Services - 1.1%
Affiliated Computer Services, Inc. Class A (a)	242,558		12,548
Automatic Data Processing, Inc.	1,116,570		48,906
Computer Sciences Corp. (a)	365,937		16,947
Convergys Corp. (a)	272,131		3,709
Electronic Data Systems Corp.	991,239		19,527
First Data Corp.	1,535,534		58,089
Fiserv, Inc. (a)	370,080		15,913
Paychex, Inc.	681,008		19,668
Sabre Holdings Corp. Class A	251,858		5,055
SunGard Data Systems, Inc. (a)	553,158		19,200
Unisys Corp. (a)	645,893		4,676
			224,238
Office Electronics - 0.1%
Xerox Corp. (a)	1,833,271		24,877
Semiconductors & Semiconductor Equipment - 3.2%
Advanced Micro Devices, Inc. (a)	754,370		12,372
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Altera Corp. (a)	712,914		$ 15,820
Analog Devices, Inc.	713,324		26,450
Applied Materials, Inc.	3,193,708		52,409
Applied Micro Circuits Corp. (a)	589,942		1,693
Broadcom Corp. Class A (a)	556,944		19,766
Freescale Semiconductor, Inc. Class B (a)	768,938		15,533
Intel Corp.	11,924,059		321,115
KLA-Tencor Corp.	376,368		17,091
Linear Technology Corp.	588,015		22,033
LSI Logic Corp. (a)	737,103		5,425
Maxim Integrated Products, Inc.	625,625		24,650
Micron Technology, Inc. (a)	1,175,417		12,906
National Semiconductor Corp.	680,374		13,689
Novellus Systems, Inc. (a)	267,684		7,134
NVIDIA Corp. (a)	318,280		8,654
PMC-Sierra, Inc. (a)	344,260		3,019
Teradyne, Inc. (a)	371,841		4,838
Texas Instruments, Inc.	3,296,135		91,105
Xilinx, Inc.	667,372		18,520
			694,222
Software - 3.8%
Adobe Systems, Inc.	931,912		30,809
Autodesk, Inc.	439,469		17,394
BMC Software, Inc. (a)	424,207		7,220
Citrix Systems, Inc. (a)	324,548		8,166
Computer Associates International, Inc.	1,019,148		27,792
Compuware Corp. (a)	741,704		5,081
Electronic Arts, Inc. (a)	589,665		30,981
Intuit, Inc. (a)	355,054		15,345
Mercury Interactive Corp. (a)	161,660		7,294
Microsoft Corp.	19,376,083		499,903
Novell, Inc. (a)	725,686		4,245
Oracle Corp. (a)	8,604,366		110,308
Parametric Technology Corp. (a)	517,958		3,118
Siebel Systems, Inc. (a)	985,789		9,089
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Symantec Corp. (a)	1,358,690		$ 30,720
VERITAS Software Corp. (a)	808,335		20,103
			827,568
TOTAL INFORMATION TECHNOLOGY			3,235,464
MATERIALS - 2.9%
Chemicals - 1.6%
Air Products & Chemicals, Inc.	435,828		26,250
Dow Chemical Co.	1,825,990		82,699
E.I. du Pont de Nemours & Co.	1,909,153		88,795
Eastman Chemical Co.	149,226		8,772
Ecolab, Inc.	422,829		13,670
Engelhard Corp.	233,969		6,879
Great Lakes Chemical Corp.	98,494		3,339
Hercules, Inc. (a)	214,404		2,972
International Flavors & Fragrances, Inc.	169,630		6,292
Monsanto Co.	509,888		29,064
PPG Industries, Inc.	331,665		21,688
Praxair, Inc.	618,031		28,967
Rohm & Haas Co.	372,310		17,368
Sigma Aldrich Corp.	131,831		7,898
			344,653
Construction Materials - 0.1%
Vulcan Materials Co.	197,081		11,811
Containers & Packaging - 0.2%
Ball Corp.	210,535		7,906
Bemis Co., Inc.	204,990		5,568
Pactiv Corp. (a)	284,226		6,495
Sealed Air Corp. (a)	160,017		8,287
Temple-Inland, Inc.	238,447		8,517
			36,773
Metals & Mining - 0.6%
Alcoa, Inc.	1,668,870		45,226
Allegheny Technologies, Inc.	171,406		3,644
Freeport-McMoRan Copper & Gold, Inc. Class B	342,747		12,099
Newmont Mining Corp.	850,035		31,655
Nucor Corp.	305,941		16,203
Common Stocks - continued
	Shares		Value (000s)
MATERIALS - continued
Metals & Mining - continued
Phelps Dodge Corp.	185,096		$ 16,177
United States Steel Corp.	218,603		8,694
			133,698
Paper & Forest Products - 0.4%
Georgia-Pacific Corp.	497,565		16,489
International Paper Co.	938,924		30,243
Louisiana-Pacific Corp.	212,102		5,341
MeadWestvaco Corp.	388,053		11,129
Weyerhaeuser Co.	464,814		29,818
			93,020
TOTAL MATERIALS			619,955
TELECOMMUNICATION SERVICES - 3.0%
Diversified Telecommunication Services - 2.7%
ALLTEL Corp.	626,293		36,431
AT&T Corp.	1,532,576		28,797
BellSouth Corp.	3,507,236		93,854
CenturyTel, Inc.	257,690		8,450
Citizens Communications Co.	642,354		8,762
Qwest Communications International, Inc. (a)	3,200,359		12,545
SBC Communications, Inc.	6,325,741		147,896
Sprint Corp.	2,830,232		67,048
Verizon Communications, Inc.	5,304,196		187,662
			591,445
Wireless Telecommunication Services - 0.3%
Nextel Communications, Inc. Class A (a)	2,157,561		65,115
TOTAL TELECOMMUNICATION SERVICES			656,560
UTILITIES - 3.2%
Electric Utilities - 2.0%
Allegheny Energy, Inc. (a)	310,357		7,504
Ameren Corp.	373,989		20,412
American Electric Power Co., Inc.	734,091		26,200
CenterPoint Energy, Inc.	554,079		6,793
Cinergy Corp.	366,518		15,112
Consolidated Edison, Inc.	464,490		21,139
DTE Energy Co.	333,111		15,836
Common Stocks - continued
	Shares		Value (000s)
UTILITIES - continued
Electric Utilities - continued
Edison International	623,895		$ 22,928
Entergy Corp.	408,151		29,317
Exelon Corp.	1,273,036		59,642
FirstEnergy Corp.	631,604		27,980
FPL Group, Inc.	749,081		30,450
PG&E Corp.	690,746		24,708
Pinnacle West Capital Corp.	185,500		8,184
PPL Corp.	362,151		20,827
Progress Energy, Inc.	473,071		20,924
Southern Co.	1,422,445		48,292
TECO Energy, Inc.	395,478		6,992
Xcel Energy, Inc.	767,684		14,148
			427,388
Gas Utilities - 0.2%
KeySpan Corp.	331,170		13,161
Nicor, Inc.	84,472		3,337
NiSource, Inc.	519,404		12,518
Peoples Energy Corp.	72,601		3,104
			32,120
Independent Power Producers & Energy Traders - 0.6%
AES Corp. (a)	1,242,387		18,499
Calpine Corp. (a)	1,023,142		3,049
Constellation Energy Group, Inc.	338,644		18,101
Duke Energy Corp.	1,796,089		49,357
Dynegy, Inc. Class A (a)	634,148		2,949
TXU Corp.	460,001		36,929
			128,884
Multi-Utilities - 0.4%
CMS Energy Corp. (a)	412,595		5,459
Dominion Resources, Inc.	652,198		45,856
Public Service Enterprise Group, Inc.	456,416		25,331
Sempra Energy	455,745		18,079
			94,725
TOTAL UTILITIES			683,117
TOTAL COMMON STOCKS (Cost $15,438,282)		20,909,006
U.S. Treasury Obligations - 0.2%
	Principal Amount (000s)		Value (000s)
U.S. Treasury Bills, yield at date of purchase 2.51% to 2.71% 6/9/05 (d) (Cost $48,968)	$ 49,000		$ 48,972
Money Market Funds - 3.7%
	Shares
Fidelity Cash Central Fund, 3.05% (b)	611,440,091		611,440
Fidelity Securities Lending Cash Central Fund, 3.06% (b)(c)	185,807,322		185,807
TOTAL MONEY MARKET FUNDS (Cost $797,247)		797,247
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $16,284,497)		21,755,225
NET OTHER ASSETS - (0.7)%			(152,230)
NET ASSETS - 100%		$ 21,602,995

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
2,330 S&P 500 Index Contracts	June 2005	$ 694,515	$ 9,965

The face value of futures purchased as a percentage of net assets - 3.2%

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete listing of the fund's holdings as of its most recent quarter end is available upon request.

(c) Investment made with cash collateral received from securities on loan.

(d) 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 $38,778,000.

Income Tax Information

At May 31, 2005, the aggregate cost of investment securities for income tax purposes was $16,452,731,000. Net unrealized appreciation aggregated $5,302,494,000, of which $7,388,976,000 related to appreciated investment securities and $2,086,482,000 related to depreciated investment securities.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Concord Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Concord Street Trust

By:	/s/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	July 22, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	July 22, 2005

By:	/s/Timothy F. Hayes
	Timothy F. Hayes
	Chief Financial Officer
Date:	July 22, 2005