N-CSR 1 file001.htm CERTIFIED SHAREHOLDER REPORT

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

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act File Number 811-5824

DOMINI SOCIAL INDEX PORTFOLIO
(Exact Name of Registrant as Specified in Charter)

536 Broadway, 7th Floor, New York, New York 10012
(Address of Principal Executive Offices)

Amy L. Domini
Domini Social Investments LLC
536 Broadway, 7th Floor
New York, New York 10012
(Name and Address of Agent for Service)

Registrant’s Telephone Number, including Area Code: 212-217-1100

Date of Fiscal Year End: 7/31/03

Date of Reporting Period: 8/01/02 – 1/31/03

Item 1. Reports to Stockholders.

A copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1) follows.

Domini Social Index Portfolio
Portfolio of Investments

January 31, 2003 (unaudited)


Issuer Shares Value
Consumer Discretionary — 12.5%
American Greetings Corporation (a)   15,700   $       218,230  
AOL  Time  Warner, Inc. (a)   1,097,200     12,793,352  
AutoZone, Inc. (a)   24,900     1,636,179  
Bandag, Inc.   2,400     89,136  
Bassett Furniture Industries   3,000     42,720  
Black & Decker Corp.   20,700     758,448  
Bob Evans Farms, Inc.   9,300     210,924  
CDW Computer Centers,
Inc. (a)
  21,700     956,753  
Centex Corporation   15,800     836,136  
Champion Enterprises, Inc. (a)   12,800     37,760  
Charming Shoppes, Inc. (a)   29,400     98,784  
Circuit City Stores, Inc.   54,100     324,059  
Claire's Stores, Inc.   11,900     278,698  
Comcast Corporation (a)   346,058     9,215,525  
Cooper  Tire and Rubber Company   18,800     268,840  
Costco Wholesale
Corporation (a)
  116,530     3,364,221  
Cross (A.T.) Company (a)   3,800     20,140  
Dana Corporation   38,400     413,568  
Darden Restaurants, Inc.   44,200     959,140  
Delphi Automotive Systems Corporation   144,300     1,229,436  
Dillard's, Inc.   20,700     310,500  
Disney (Walt) Company   521,200     9,121,000  
Dollar General Corporation   86,551     974,564  
Dow Jones & Company   16,000     645,760  
eBay Inc. (a)   79,200     5,952,672  
Emmis Communications Corporation (a)   12,200     267,668  
Family Dollar Stores Inc.   44,300     1,334,316  
Fleetwood Enterprises, Inc. (a)   9,300     46,407  
Foot Locker, Inc.   36,300     366,630  
Gaiam, Inc. (a)   2,200     16,588  
Gap, Inc. (The)   224,687     3,287,171  
Harley-Davidson, Inc.   77,500     3,237,950  
Harman International Industries, Inc.   8,360          514,140  
Hartmarx Corporation (a)   8,500     21,165  
Home Depot, Inc.   594,397     12,422,897  
Ikon Office Solutions   38,800     300,700  
KB Home   12,400     554,404  
Lee Enterprises, Inc.   8,800     299,728  
Leggett & Platt, Incorporated   50,300     1,016,060  
Lillian  Vernon Corporation   2,200     9,350  
Limited, Inc. (The)   134,700     1,695,873  
Liz Claiborne, Inc.   27,300     784,056  
Lowe's Companies, Inc.   198,600     6,788,148  
Luby's, Inc. (a)   5,800     11,484  
Mattel, Inc.   110,285     2,205,700  
May Department Stores Company   74,500     1,527,250  
Maytag Corporation   20,100     507,927  
McDonald's Corporation   325,700     4,637,968  
McGraw-Hill Companies   49,500     2,931,390  
Media General, Inc.   5,800     316,100  
Men's  Wearhouse, Inc. (a)   10,600     148,506  
Meredith Corporation   10,200     430,338  
Modine Manufacturing Company   8,700     140,940  
New  York  Times Company   38,900     1,899,876  
Newell Rubbermaid, Inc.   67,478     1,879,262  
Nordstrom, Inc.   34,800     627,792  
Omnicom Group, Inc.   48,200     2,906,460  
Oneida Ltd.   4,300     47,214  
Oshkosh B'Gosh, Inc.   2,700     64,881  
Penney (J.C.) Company, Inc.   69,200     1,341,788  
Pep Boys — Manny, Moe & Jack   14,000     145,740  
Phillips-Van Heusen Corporation   7,200     85,320  
Pixar (a)   13,000     714,870  
Pulte Homes, Inc.   15,800     789,684  
Radio One, Inc. (a)   5,800     89,784  
RadioShack Corporation   43,500     867,825  
Reebok International Ltd. (a)   15,200          459,648  
Ruby  Tuesday, Inc.   16,700     315,630  
Russell Corporation   8,300     133,049  

-1-

Domini Social Index Portfolio / Portfolio of Investments (Continued)
January 31, 2003 (unaudited)


Issuer Shares Value
Consumer Discretionary (Continued)
Scholastic Corporation (a)   9,700     345,504  
Sears, Roebuck and Co.   80,100     2,118,645  
Snap-On Incorporated   15,050     383,775  
SPX Corporation (a)   20,830     772,793  
Stanley Works   22,200     590,964  
Staples, Inc. (a)   120,300     2,065,551  
Starbucks Corporation (a)   98,300     2,233,376  
Stride Rite Corporation   10,800     87,156  
Target Corporation   231,500     6,530,615  
Timberland Company
(The) (a)
  7,500     232,125  
TJX Companies, Inc.   135,200     2,482,272  
Toys 'R' Us, Inc. (a)   54,220     490,149  
Tribune Company   77,450     3,748,580  
Tupperware Corporation   15,000     231,900  
Univision Communications, Inc. (a)   41,400     1,091,304  
VF Corporation   28,100     989,963  
Visteon Corporation   34,000     233,580  
Washington Post Company   2,000     1,469,000  
Wellman, Inc.   8,200     100,860  
Wendy's International, Inc.   29,800     809,070  
Whirlpool Corporation   17,600     914,673  
          136,868,077  
             
Consumer Staples — 13.0%
Alberto-Culver Company   8,400     426,132  
Albertson's, Inc.   101,100     2,173,650  
Avon Products, Inc.   60,300     3,015,000  
Campbell Soup Company   104,900     2,514,453  
Church & Dwight Co., Inc.   10,300     298,700  
Clorox Company   56,300     2,151,786  
Coca-Cola Company   634,100     25,655,686  
Colgate-Palmolive Company   137,400     6,995,034  
CVS Corporation   100,500     2,273,310  
Fleming Companies, Inc.   12,900     47,085  
General Mills Incorporated   94,300     4,236,899  
Gillette Company   269,600     8,061,040  
Green Mountain Coffee,
Inc. (a)
  1,800     27,018  
Hain Celestial Group, Inc.
(The) (a)
  8,700          103,269  
Heinz (H.J.) Company   89,900     2,904,669  
Hershey Foods Corporation   26,600     1,715,700  
Horizon Organic Holding Corporation (a)   2,600     33,254  
Kellogg Company   104,600     3,493,640  
Kimberly-Clark Corporation   131,964     6,112,572  
Kroger Company (a)   198,100     2,989,329  
Longs Drug Stores Corporation   9,900     211,167  
Nature's Sunshine Products, Inc.   4,200     36,078  
PepsiAmericas, Inc.   39,000     501,150  
PepsiCo, Inc.   441,570     17,874,754  
Procter & Gamble Company   332,400     28,443,468  
Safeway Inc. (a)   112,900     2,675,730  
Smucker (J.M.) Company   12,905     516,200  
SUPERVALU, Inc.   34,400     511,872  
Sysco Corporation   168,500     4,948,845  
Tootsie Roll Industries, Inc.   9,096     257,417  
United Natural Foods, Inc. (a)   5,000     104,900  
Walgreen Company   261,600     7,586,400  
Whole Foods Market, Inc. (a)   14,900     757,218  
Wild Oats Markets, Inc. (a)   6,550     54,300  
Wrigley (Wm.) Jr. Company   46,500     2,581,679  
          142,289,404  
             
Energy — 1.0%
Anadarko Petroleum Corporation   63,685     2,936,515  
Apache Corporation   36,440     2,274,220  
Cooper Cameron Corp. (a)   14,100     683,427  
Devon Energy Corporation   40,472     1,833,382  
EOG Resources, Inc.   29,800     1,155,048  
Equitable Resources, Inc.   16,100     598,598  
Helmerich & Payne, Inc.   13,000     324,870  
Noble Energy, Inc.   14,700     524,790  
Rowan Companies, Inc.   24,200     499,246  
Sunoco, Inc.   19,800     620,136  
          11,450,232  
             
Financials — 25.3%
AFLAC, Inc.   132,300      4,285,197  
American Express Company   335,800     11,930,974  
American International Group, Inc.   667,476     36,123,801  

-2-

Domini Social Index Portfolio / Portfolio of Investments (Continued)
January 31, 2003 (unaudited)


Issuer Shares Value
Financials (Continued)
AmSouth Bancorporation   91,800     1,880,982  
Aon Corporation   79,700     1,508,721  
Bank of America Corporation   382,800     26,815,140  
Bank One Corporation   297,585     10,864,828  
Capital One Financial Corporation   56,000     1,738,800  
Cathay Bancorp, Inc.   4,700     176,762  
Charter One Financial, Inc.   58,410     1,688,633  
Chittenden Corporation   8,376     216,101  
Chubb Corporation   43,400     2,331,448  
Cincinnati Financial Corporation   41,585     1,488,327  
Comerica Incorporated   44,200     1,790,100  
Edwards (A.G.), Inc.   20,387     582,457  
Fannie Mae   253,800     16,420,860  
Fifth  Third Bancorp   147,537     7,871,099  
First  Tennessee National Corporation   32,400     1,215,000  
FirstFed Financial Corp. (a)   4,500     130,095  
Franklin Resources, Inc.   65,100     2,170,434  
Freddie Mac   177,300     9,925,254  
Golden West Financial   39,300     2,889,729  
GreenPoint Financial Corporation   25,200     1,086,372  
Hartford Financial Services Group (The)   65,100     2,713,368  
Janus Capital Group Inc. (a)   57,000     723,330  
Jefferson-Pilot Corporation   37,125     1,429,313  
KeyCorp   108,800     2,616,640  
Lincoln National Corporation   45,800     1,477,050  
Marsh & McLennan Companies, Inc.   137,500     5,861,625  
MBIA, Inc.   37,500     1,536,750  
MBNA Corporation   327,875     5,518,136  
Mellon Financial Corporation   110,400     2,524,848  
Merrill Lynch & Co., Inc.   219,900     7,700,898  
MGIC Investment Corporation   26,000     1,121,380  
Moody's Corporation   39,000     1,633,320  
Morgan (J.P.) Chase & Co.   509,560     11,893,130  
National City Corporation   156,700     4,356,260  
Northern Trust Corporation   55,900      1,911,780  
PNC Financial Services Group   72,800     3,206,112  
Progressive Corporation (The)   55,700     2,692,538  
Providian Financial Corporation (a)   74,200     474,138  
Rouse Company   22,500     713,925  
SAFECO Corporation   35,400     1,269,090  
Schwab (Charles) Corporation   344,500     3,176,290  
SLM Corporation   39,400     4,185,462  
St. Paul Companies, Inc.   57,264     1,869,097  
State Street Corporation   83,000     3,285,970  
SunTrust Banks, Inc.   72,700     4,118,455  
Synovus Financial Corporation   76,550     1,479,712  
U.S. Bancorp   489,021     10,318,343  
UnumProvident Corporation   62,200     1,086,634  
Value Line, Inc.   2,600     119,938  
Wachovia Corporation   347,600     12,503,172  
Washington Mutual, Inc.   241,404     8,316,368  
Wells Fargo & Company   432,600     20,492,262  
Wesco Financial Corporation   1,800     540,000  
          277,996,448  
             
Health Care — 13.5%
Allergan, Inc.   32,700     1,983,909  
Amgen, Inc. (a)   326,800     16,653,728  
Applera Corp.-Applied Biosystems Group   54,300     952,965  
Bard (C.R.), Inc.   13,400     759,512  
Bausch & Lomb Incorporated   14,000     465,500  
Baxter International, Inc.   152,200     4,288,996  
Becton Dickinson and Company   64,900     2,128,720  
Biogen, Inc. (a)   38,400     1,468,800  
Biomet, Inc.   67,100     1,874,841  
Boston Scientific
Corporation (a)
  104,300     4,218,935  
CIGNA Corporation   36,000     1,572,120  
Forest Laboratories, Inc. (a)   92,200     4,771,350  
Guidant Corporation (a)   78,200     2,629,084  
Hillenbrand Industries, Inc.   15,900     813,285  
Humana, Inc. (a)   42,900     426,426  
Invacare Corporation   7,700     233,618  
Invitrogen Corporation (a)   13,400     394,764  
Johnson & Johnson   760,070     40,747,353  
King Pharmaceuticals Inc. (a)   62,500          917,500  
Manor Care, Inc. (a)   25,000     480,500  
McKesson HBOC, Inc.   73,420     2,087,331  

-3-

Domini Social Index Portfolio / Portfolio of Investments (Continued)
January 31, 2003 (unaudited)


Issuer Shares Value
Health Care (Continued)
MedImmune, Inc. (a)   63,500     1,891,665  
Medtronic, Inc.   310,500     13,947,660  
Merck & Co., Inc.   574,500     31,821,555  
Mylan Laboratories, Inc.   47,550     1,270,536  
Oxford Health Plans, Inc. (a)   22,700     799,721  
Quintiles Transnational
Corp. (a)
  30,400     386,384  
St. Jude Medical, Inc. (a)   44,900     1,956,293  
Stryker Corporation (a)   50,700     3,054,168  
Watson Pharmaceuticals (a)   27,700     838,756  
Zimmer Holdings, Inc. (a)   49,300     2,021,300  
          147,857,275  
             
Industrials — 7.0%
3M Company   99,700     12,417,635  
Airborne, Inc.   12,500     192,375  
Alaska Air Group, Inc. (a)   6,900     136,413  
American Power
Conversion (a)
  50,600     787,336  
AMR Corporation (a)   39,900     115,710  
Angelica Corporation   2,200     42,680  
Apogee Enterprises, Inc.   7,400     68,672  
AstroPower, Inc. (a)   5,700     38,475  
Ault, Inc. (a)   1,200     2,292  
Automatic Data
Processing, Inc.
  153,674     5,327,878  
Avery Dennison Corporation   28,400     1,692,356  
Baldor Electric Company   8,800     168,432  
Banta Corporation   6,550     196,304  
Block (H & R), Inc.   45,700     1,731,573  
Brady Corporation   5,500     146,080  
Bright Horizons Family Solutions, Inc. (a)   3,200     85,440  
Ceridian Corporation (a)   37,800     542,052  
Cintas Corporation   43,600     1,800,680  
CLARCOR, Inc.   6,450     209,625  
Cooper Industries, Inc.   23,900     846,777  
CPI Corporation   2,100     29,379  
Cummins, Inc.   10,700     264,290  
Deere & Company   61,000     2,574,200  
Delta Air Lines, Inc.   32,000     292,480  
Deluxe Corporation   16,000          643,840  
DeVry, Inc. (a)   18,100     305,890  
Dionex Corporation (a)   5,600     174,664  
Donaldson Company, Inc.   11,300     383,635  
Donnelley (R.R.) & Sons Company   29,300     631,415  
Ecolab, Inc.   33,500     1,651,550  
Emerson Electric Company   108,000     5,068,440  
Fastenal Company   19,700     652,464  
FedEx Corporation   76,300     4,013,380  
GATX Corporation   12,600     240,282  
Genuine Parts Company   44,900     1,324,550  
Graco, Inc.   12,368     329,236  
Grainger (W.W.), Inc.   23,600     1,116,280  
Granite Construction Incorporated   10,625     161,500  
Harland (John H.) Company   7,600     167,580  
Herman Miller, Inc.   19,300     345,277  
HON Industries Inc.   15,200     393,984  
Hubbell Incorporated   12,660     399,423  
Illinois Tool Works, Inc.   78,600     4,780,452  
IMCO Recycling, Inc. (a)   3,800     21,508  
IMS Health, Inc.   70,500     1,187,925  
Interface, Inc.   11,400     31,350  
Ionics, Inc. (a)   4,500     101,880  
Isco, Inc.   1,500     12,630  
Kansas City Southern Industries, Inc. (a)   15,700     200,175  
Kelly Services, Inc.   8,475     177,128  
Lawson Products, Inc.   2,500     66,875  
Lincoln Electric Holdings, Inc.   11,000     244,420  
Masco Corporation   126,100     2,293,759  
Merix Corporation (a)   3,750     23,475  
Milacron, Inc.   8,700     43,413  
Molex Incorporated   25,646     538,310  
National Service
Industries, Inc.
  2,875     17,394  
New England Business Service, Inc.   3,400     74,800  
Nordson Corporation   8,600     190,060  
Norfolk Southern Corporation   100,300     1,975,910  
Osmonics, Inc. (a)   3,800     65,208  
Paychex, Inc.   96,200     2,422,316  
Pitney Bowes, Inc.   59,900     1,949,146  
Roadway Express, Inc.   5,000          172,200  
Robert Half International,
Inc. (a)
  44,800     679,168  

-4-

Domini Social Index Portfolio / Portfolio of Investments (Continued)
January 31, 2003 (unaudited)


Issuer Shares Value
Industrials (Continued)
Ryder System, Inc.   16,100     362,733  
Smith (A.O.) Corporation   5,200     135,148  
Southwest Airlines Co.   197,862     2,582,099  
Spartan Motors, Inc.   3,100     34,503  
Standard Register Company   6,000     112,620  
Steelcase, Inc.   9,900     104,247  
Tennant Company   2,300     69,690  
Thermo Electron
Corporation (a)
  43,300     786,761  
Thomas & Betts
Corporation (a)
  15,100     254,888  
Thomas Industries, Inc.   4,000     99,000  
Toro Company   3,200     201,632  
United Parcel Service, Inc.   120,100     7,245,633  
Watts Industries   4,700     65,517  
Yellow Corporation (a)   7,500     175,214  
          77,211,711  
             
Information Technology — 18.6%
3Com Corporation (a)   91,500     387,045  
Adaptec, Inc. (a)   27,400     162,208  
ADC  Telecommunications,
Inc. (a)
  206,300     474,490  
Advanced Micro Devices,
Inc. (a)
  88,300     462,692  
Advent Software, Inc. (a)   8,500     118,235  
Analog Devices, Inc. (a)   93,600     2,239,848  
Andrew Corporation (a)   25,500     235,620  
Apple Computer, Inc. (a)   92,700     1,331,172  
Applied Materials, Inc. (a)   422,200     5,053,734  
Arrow Electronics, Inc. (a)   25,900     307,433  
Autodesk, Inc.   29,200     436,248  
BMC Software, Inc. (a)   60,800     1,071,904  
Borland Software
Corporation (a)
  18,300     190,320  
Cisco Systems, Inc. (a)   1,848,000     24,707,760  
Compuware Corporation (a)   96,600     338,100  
Dell Computer Corporation (a)   662,100     15,797,706  
Electronic Arts Inc. (a)   35,700     1,849,617  
Electronic Data Systems Corporation   120,700     2,045,865  
EMC Corporation (a)   564,000      4,342,800  
Gerber Scientific, Inc. (a)   5,700     32,718  
Hewlett-Packard Company   780,010     13,579,974  
Hutchinson Technology Incorporated (a)   6,500     148,265  
Imation Corporation (a)   9,100     325,234  
Intel Corporation   1,704,800     26,697,168  
Lexmark International Group, Inc. (a)   32,500     1,967,550  
LSI Logic Corporation (a)   95,300     420,273  
Lucent  Technologies, Inc. (a)   892,000     1,659,120  
Micron Technology, Inc. (a)   156,000     1,280,760  
Microsoft Corporation   1,368,300     64,939,518  
Millipore Corporation (a)   12,400     400,644  
National Semiconductor Corporation (a)   46,200     609,840  
Novell, Inc. (a)   93,600     303,264  
Palm, Inc. (a)   7,504     116,387  
PeopleSoft, Inc. (a)   80,300     1,557,017  
Plantronics, Inc. (a)   11,600     165,068  
QRS Corporation (a)   4,100     21,984  
Qualcomm, Inc. (a)   200,400     7,547,064  
Sapient Corporation (a)   32,800     58,056  
Scientific-Atlanta, Inc.   39,900     442,890  
Solectron Corporation (a)   213,800     767,542  
Sun Microsystems, Inc. (a)   797,800     2,465,202  
Symantec Corporation (a)   36,800     1,717,824  
Tektronix, Inc. (a)   22,600     372,900  
Tellabs, Inc. (a)   106,000     825,740  
Texas Instruments, Inc.   444,900     7,073,910  
Waters Corporation (a)   33,400     769,870  
Xerox Corporation (a)   186,300     1,648,755  
Xilinx, Inc. (a)   85,300     1,688,087  
Yahoo! Inc. (a)   151,300     2,753,660  
          203,909,081  
             
Materials — 1.3%
Air Products & Chemicals, Inc.   57,600     2,387,520  
Bemis Company, Inc.   13,700     597,594  
Cabot Corporation   16,000     404,160  
Calgon Carbon Corporation   10,100     60,600  
Caraustar Industries, Inc. (a)   7,200     54,648  
Crown Cork & Seal Company, Inc. (a)   41,600     288,288  
Engelhard Corporation   33,200          687,572  
Fuller (H.B.) Company   7,300     185,055  
Lubrizol Corporation   13,300     395,409  

-5-

Domini Social Index Portfolio / Portfolio of Investments (Continued)
January 31, 2003 (unaudited)


Issuer Shares Value
Materials (Continued)
MeadWestvaco Corp.   51,112     1,229,244  
Minerals  Technologies, Inc.   5,300     210,145  
Nucor Corporation   20,150     804,187  
Praxair, Inc.   40,700     2,219,778  
Rock-Tenn Company   9,000     123,570  
Rohm & Haas Company   55,600     1,715,260  
Sealed Air Corporation (a)   21,700     818,524  
Sigma-Aldrich Corporation   18,600     834,582  
Sonoco Products Company   24,745     519,150  
Stillwater Mining
Company (a)
  11,200     47,936  
Trex Company, Inc. (a)   3,700     118,400  
Worthington Industries, Inc.   22,200     336,773  
          14,038,395  
             
Telecommunication Services — 6.4%
AT&T Corporation   197,316     3,843,715  
AT&T Wireless Services,
Inc. (a)
  694,587     4,216,143  
BellSouth Corporation   474,900     10,818,222  
Citizens Communications Company (a)   72,767     712,389  
SBC Communications, Inc.   849,128     20,752,688  
Sprint Corporation   228,800     2,777,632  
Telephone and Data
Systems, Inc.
  13,500     579,150  
Verizon Communications   697,922     26,716,455  
          70,416,394  
             
Utilities — 0.8%
AGL Resources, Inc.   14,400   329,040  
Cascade Natural Gas Corporation   2,900     55,535  
Cleco Corporation   12,200     164,700  
Energen Corporation   8,900     270,293  
IDACORP, Inc.   9,700     217,765  
KeySpan Corporation   36,700     1,247,800  
Kinder Morgan, Inc.   31,500     1,420,965  
MGE Energy, Inc.   4,400     119,020  
Mirant Corporation (a)   103,600     182,336  
National Fuel Gas Company   20,500     421,890  
NICOR, Inc.   11,400     358,530  
NISource, Inc.   61,500     1,092,855  
Northwest Natural Gas Company   6,500     169,130  
Northwestern Corporation   7,100     37,275  
OGE Energy Corporation   20,200     345,218  
Peoples Energy Corporation   9,200     338,652  
Pepco Holdings, Inc.   42,100     789,375  
Questar Corporation   21,200     583,000  
Southern Union Company (a)   14,233     204,955  
WGL Holdings   12,600     319,158  
Williams Companies, Inc.   134,200     434,808  
          9,102,300  
Total Investments — 99.4%
(cost $1,400,636,263) (b)       $ 1,091,139,317  
Other Assets, less liabilities — 0.6%         6,903,182  
Net Assets — 100.0%       $ 1,098,042,499  
(a) Non–income producing security.
(b) The aggregate cost for federal income tax purposes is $1,423,675,834, the aggregate gross unrealized appreciation is $88,732,834, and the aggregate gross unrealized depreciation is $421,269,351, resulting in net unrealized depreciation of $332,536,517.
Copyright in the Domini 400 Social IndexSM is owned by KLD Research & Analytics, Inc., and the Index is reproduced here by permission. No portion of the Index may be reproduced or distributed by any means or in any medium without the express written consent of the copyright owner.

See Notes to Financial Statements

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Domini Social Index Portfolio

Statement of Assets and Liabilities

January 31, 2003 (unaudited)


ASSETS:
Investments at value (Cost $1,400,636,263) $ 1,091,139,317  
Cash   5,512,815  
Dividends receivable   1,615,452  
Total assets   1,098,267,584  
LIABILITIES:
Accrued expenses (Note 2)   225,085  
Total liabilities   225,085  
NET ASSETS APPLICABLE TO INVESTORS'
BENEFICIAL INTERESTS
$ 1,098,042,499  

See Notes to Financial Statements

-7-

Domini Social Index Portfolio

Statement of Operations

Six Months Ended January 31, 2003 (unaudited)


INVESTMENT INCOME
Dividends       $ 8,998,035  
EXPENSES
Management fee (Note 2) $ 1,222,333  
Trustees fees   23,500  
Professional fees   61,356  
Custody fees (Note 3)   148,092  
Miscellaneous   3,540  
Total expenses   1,458,821  
Fees paid indirectly (Note 3)   (27,107
Expenses paid and fee waived by manager (Note 2)   (120,000
Net expenses         1,311,714  
 
NET INVESTMENT INCOME         7,686,321  
Net realized loss on investments
Proceeds from sales $ 123,679,433  
Cost of securities sold   (226,960,791
Net realized loss on investments         (103,281,358
Net changes in unrealized depreciation of
investments
Beginning of period $ (347,525,759
End of period   (309,496,946
Net change in unrealized depreciation         38,028,813  
NET DECREASE IN NET ASSETS
RESULTING FROM OPERATIONS
      $ (57,566,224

See Notes to Financial Statements

-8-

Domini Social Index Portfolio

Statements of Changes in Net Assets


  Six Months
Ended
January 31, 2003
(unaudited)
Year Ended
July 31, 2002
DECREASE IN NET ASSETS
From Operations:
Net investment income $ 7,686,321   $ 15,910,596  
Net realized loss on investments   (103,281,358   (142,946,751
Net change in unrealized depreciation of investments   38,028,813     (261,123,037
Net Decrease in Net Assets Resulting from Operations   (57,566,224   (388,159,192
Transactions in Investors' Beneficial Interest:
Additions   125,062,345     309,789,675  
Reductions   (208,780,601   (411,308,581
Net Decrease in Net Assets from Transactions in Investors' Beneficial Interests   (83,718,256   (101,518,906
Total Decrease in Net Assets   (141,284,480   (489,678,098
NET ASSETS:
Beginning of period   1,239,326,979     1,729,005,077  
End of period $ 1,098,042,499   $ 1,239,326,979  

See Notes to Financial Statements

-9-

Domini Social Index Portfolio

Financial Highlights


  Six Months
Ended
January 31, 2003
(unaudited)
Year Ended July 31,
  2002 2001 2000 1999 1998
Net assets (in millions) $ 1,098   $ 1,239   $ 1,729   $ 1,974   $ 1,347   $ 642  
Ratio of net investment income to average net assets (annualized)   1.29 %(1)    1.02   0.78   0.70 %(1)    0.84 %(1)    1.05 %(2) 
Ratio of expenses to average net assets (annualized)   0.22 %(1)(3)    0.22 %(3)    0.22 %(3)    0.24 %(1)(3)    0.24 %(1)(3)    0.24 %(2)(3) 
Portfolio turnover rate   4   13   19   9   8   5
(1) Reflects an expense reimbursement and fee waiver by the Manager of 0.02%, 0.002%, and 0.01% for the six months ended January 31, 2003, and the years ended July 31, 2000 and 1999, respectively. Had the Manager not waived its fee and reimbursed expenses, the ratios of net investment income and expenses to average net assets for the six months ended January 31, 2003, would have been 1.27% and 0.24%, respectively, and for the year ended July 31, 2000, would have been 0.70% and 0.24%, respectively, and for the year ended July 31, 1999, would have been 0.83% and 0.25%, respectively.
(2) Reflects a waiver of 0.01% of fees by the Manager due to limitations set forth in the Management Agreement. Had the Manager not waived its fees, the ratios of net investment income and expenses to average net assets for the year ended July 31, 1998, would have been 1.04% and 0.25%, respectively.
(3) Ratio of expenses to average net assets for the six months ended January 31, 2003, and the years ended July 31, 2002, 2001, 2000, 1999, and 1998, include indirectly paid expenses. Excluding indirectly paid expenses, the expense ratios would have been 0.22%, 0.22%, 0.21%, 0.21%, 0.20%, and 0.20% for the six months ended January 31, 2003, and the years ended July 31, 2002, 2001, 2000, 1999, and 1998, respectively.

See Notes to Financial Statements

-10-

Domini Social Index Portfolio
Notes to Financial Statements

January 31, 2003 (unaudited)

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Domini Social Index Portfolio is registered under the Investment Company Act of 1940 as a no-load, diversified, open-end management investment company that was organized as a trust under the laws of the State of New York on June 7, 1989. The Portfolio intends to correlate its investment portfolio as closely as is practicable with the Domini 400 Social Index,SM which is a common stock index developed and maintained by KLD Research & Analytics, Inc. The Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the Portfolio. The Portfolio commenced operations effective on August 10, 1990, and began investment operations on June 3, 1991.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of the Portfolio's significant accounting policies.

(A) Valuation of Investments. The Portfolio values securities listed or traded on national securities exchanges or reported by the NASDAQ National Market reporting system at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price which represents the current value of the security. Portfolio securities for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Portfolio's Board of Trustees.

(B) Dividend Income. Dividend income is recorded on the ex-dividend date.

-11-

Domini Social Index Portfolio / Notes to Financial Statements (Continued)
January 31, 2003 (unaudited)

(C) Federal Taxes. The Portfolio will be treated as a partnership for U.S. federal income tax purposes and is therefore not subject to U.S. federal income tax. As such, each investor in the Portfolio will be taxed on its share of the Portfolio's ordinary income and capital gains. It is intended that the Portfolio will be managed in such a way that an investor will be able to satisfy the requirements of the Internal Revenue Code applicable to regulated investment companies.

(D) Other. Investment transactions are accounted for on the trade date. Gains and losses are determined on the basis of identified cost.

2. TRANSACTIONS WITH AFFILIATES

(A) Manager. Domini Social Investments LLC (DSIL) is registered as an investment adviser under the Investment Advisers Act of 1940. The services provided by DSIL consist of investment supervisory services, overall operational support and administrative services. The administrative services include the provision of general office facilities and supervising the overall administration of the Portfolio. For its services under the Management Agreement, DSIL receives from the Portfolio a fee accrued daily and paid monthly at an annual rate equal to 0.20%. For the six months ended January 31, 2003, DSIL waived fees totalling $120,000.

(B) Submanager. SSgA Funds Management, Inc. (SSgA) provides investment submanagement services to the Portfolio on a day-to-day basis pursuant to a Submanagement Agreement with DSIL. SSgA does not determine the composition of the Domini 400 Social Index.SM  The Index's composition is determined by KLD Research & Analytics, Inc.

3. INVESTMENT TRANSACTIONS

Cost of purchases and proceeds from sales of investments, other than U.S. government securities and short-term obligations, for the six months ended January 31, 2003, aggregated $48,288,922 and $226,960,791, respectively. Custody fees of the Portfolio were reduced by $27,107, which was compensation for uninvested cash left on deposit with the custodian.

-12-

Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accounting Fees and Services.

Not applicable.

Items 5-6. [Reserved]

Item 7. Disclosure of Proxy Voting Policies and Procedures of Closed-End Management Investment Companies.

Not applicable.

Item 8. [Reserved]

Item 9. Controls and Procedures.

(a) Not applicable.

(b) Not applicable.

Item 10. Exhibits.

(a) Code of Ethics. Not applicable.

(b) Certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith.

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.

DOMINI SOCIAL INDEX PORTFOLIO
 
By: /s/ Amy L. Domini
  Amy L. Domini
  President

Date: April 4, 2003

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/ Amy L. Domini
  Amy L. Domini
  President
 
Date: April 4, 2003  
   
By: /s/ Carole M. Laible
  Carole M. Laible
  Treasurer
   
Date: April 4, 2003