-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ANay0JKG7kem5M8bcWyEJJjo1mMYwH/Lk/F1AY7U0dz8RQFFcYzqttL8A+sTTSet EtGYzcUUAP3ksssiazpkBg== 0000858581-02-000018.txt : 20020826 0000858581-02-000018.hdr.sgml : 20020826 20020826104136 ACCESSION NUMBER: 0000858581-02-000018 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020630 FILED AS OF DATE: 20020826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRICE T ROWE INDEX TRUST INC CENTRAL INDEX KEY: 0000858581 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: 1940 Act SEC FILE NUMBER: 811-05986 FILM NUMBER: 02747668 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT ST CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 3015472000 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INSTITUTIONAL EQUITY FUNDS INC DATE OF NAME CHANGE: 19900227 N-30D 1 xmx47125.txt T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND SEMIANNUAL REPORT - FINANCIAL STATEMENTS T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND JUNE 30, 2002 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited For a share outstanding throughout each period FINANCIAL HIGHLIGHTS - -------------------- 6 Months Year 1/30/98 Ended Ended Through 6/30/02 12/31/01 12/31/00 12/31/99 12/31/98 ------- -------- -------- -------- -------- NET ASSET VALUE Beginning of period $ 9.77 $ 11.12 $ 14.05 $ 11.02 $ 10.00 Investment activities Net investment income (loss) 0.03 0.10 0.09 0.10 0.08 Net realized and unrealized gain (loss) (0.85) (1.17) (2.26) 3.56 1.13 Total from investment activities (0.82) (1.07) (2.17) 3.66 1.21 Distributions Net investment income - (0.10) (0.09) (0.10) (0.08) Net realized gain - (0.18) (0.67) (0.53) (0.11) Total distributions - (0.28) (0.76) (0.63) (0.19) NET ASSET VALUE End of period $ 8.95 $ 9.77 $ 11.12 $ 14.05 $ 11.02 RATIOS/SUPPLEMENTAL DATA - ------------------------ Total return^ (8.39)% (9.55)% (15.58)% 33.72% 12.29% Ratio of total expenses to average net assets 0.40%+ 0.40% 0.40% 0.40% 0.40%+ Ratio of net investment income (loss) to average net assets 0.58%+ 0.96% 0.78% 1.04% 1.15%+ Portfolio turnover rate 22.5%+ 31.3% 30.5% 23.4% 26.3%+ Net assets, end of period (in thousands) $ 73,139 $ 77,331 $ 86,322 $ 54,219 $ 20,743 ^ Total return reflects the rate that an investor would have earned on an investment in the fund during each period, assuming reinvestment of all distributions and payment of no redemption or account fees. + Annualized The accompanying notes are an integral part of these financial statements. T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited June 30, 2002 PORTFOLIO OF INVESTMENTS - ------------------------ Shares/Par Value In thousands COMMON STOCKS AND WARRANTS 94.1% CONSUMER DISCRETIONARY 17.3% Auto Components 0.7% Lear * 1,800 $ 83 Gentex * 2,100 58 Arvinmeritor 1,825 44 American Axle & Manufacturing Holdings * 1,400 42 Borg-Warner 600 35 Superior Industries International 700 32 Federal Signal 1,000 24 Tower Automotive * 1,700 24 Modine Manufacturing 900 22 Donnelly SS 800 22 Aftermarket Technology * 1,100 21 Wabtec 1,200 17 Bandag Inc. 600 17 Collins & Aikman * 1,800 16 Rockford Corporation * 1,100 11 Dura Automotive Systems * 500 10 Amcast Industrial * 2,200 10 IMPCO Technologies * 700 9 Noble International SS 800 8 Sports Resorts International *SS 1,500 8 Sauer-Danfoss 700 8 Strattec Security * 100 6 Keystone Automotive * 200 4 Standard Motor Products, Class A 200 3 534 Automobiles 0.1% Thor Industries 600 43 Winnebago 600 26 Monaco Coach * 900 19 Coachmen Industries 700 10 98 Distributors 0.1% Advanced Marketing Services 900 $ 16 Applied Industrial Technologies 600 12 Handleman * 800 12 WESCO International * 1,500 9 49 Hotels, Restaurants & Leisure 2.6% MGM Grand *SS 4,496 152 Royal Caribbean Cruises SS 5,310 104 Brinker * 2,850 90 Park Place Entertainment * 8,800 90 Outback Steakhouse * 2,200 77 International Speedway, Class A 1,400 56 Mandalay Resort Group * 1,900 52 Cracker Barrel 1,600 49 Krispy Kreme *SS 1,500 48 GTECH * 1,800 46 Cedar Fair 1,800 43 Extended Stay America * 2,600 42 Jack In The Box * 1,300 41 The Cheesecake Factory * 1,150 41 Bob Evans Farms 1,200 38 Six Flags * 2,400 35 Panera Bread, Class A *SS 1,000 34 CEC Entertainment * 800 33 Ruby Tuesday 1,700 33 Applebee's 1,350 31 Sonic * 975 31 Speedway Motorsports *SS 1,200 30 Aztar * 1,300 27 Choice Hotels International * 1,300 26 Prime Hospitality * 2,000 26 Station Casinos * 1,450 26 Argosy Gaming * 900 26 Penn National Gaming * 1,400 25 PF Chang's China Bistro *SS 800 25 Boyd Gaming * 1,700 24 Marcus 1,300 22 Isle of Capri Casinos * 1,000 $ 20 Churchill Downs 500 20 Gaylord Entertainment * 900 20 Triarc Companies, Class A * 700 19 Rare Hospitality International * 700 19 AFC Enterprises * 600 19 Morton's Restaurant Group *SS 1,200 18 Garden Fresh Restaurant * 1,500 18 California Pizza Kitchen * 700 17 Papa John's International *SS 500 17 Ryan's Family Steak Houses * 1,200 16 Vail Resorts *SS 900 15 Alliance Gaming * 1,200 15 Bally Total Fitness Holdings *SS 800 15 Pinnacle Entertainment * 1,400 15 IHOP * 500 15 Dave & Buster * 1,200 15 Ameristar Casinos * 500 14 CKR Restaurants * 1,250 14 Boca Resorts, Class A * 1,000 13 O' Charley's * 500 13 Steak `N Shake * 800 12 Lone Star Steakhouse & Saloon 500 12 Scientific Games, Class A * 1,400 11 WMS Industries * 900 11 Shuffle Master *SS 600 11 Hollywood Casino, Class A * 1,000 11 MTR Gaming Group * 600 10 Frisch's Restaurants 500 10 Schlotzsky's * 2,100 9 Famous Dave's of America * 1,000 8 Landry's Seafood Restaurant 300 8 Multimedia Games *SS 300 7 Dover Downs Gaming & Entertainment 490 6 BUCA *SS 300 6 Dover Motorsports 700 4 ESC Suburban Lodges * 1,000 0 1,906 Household Durables 1.8% Lennar 1,884 $ 115 Mohawk Industries * 1,854 114 D. R. Horton 4,042 105 NVR * 210 68 Clayton Homes 3,750 59 Toll Brothers *SS 1,800 53 Blyth Industries 1,600 50 Furniture Brands International * 1,600 48 La-Z Boy 1,800 45 Yankee Candle Company * 1,500 41 Ryland Group 800 40 Harman International 800 39 Lancaster Colony 1,000 36 MDC Holdings SS 680 35 Ethan Allen Interiors 1,000 35 WCI Communities * 1,200 35 Russ Berrie 800 28 Rayovac * 1,400 26 Standard Pacific 700 25 Beazer Homes *SS 300 24 Toro 400 23 Matthews International, Class A 800 19 Meritage *SS 400 18 Libbey 500 17 Applica * 1,300 16 Palm Harbor Homes *SS 800 16 Enesco Group * 1,800 16 Hovnanian Enterprises, Class A *SS 420 15 A. T. Cross, Class A * 2,000 15 Kimball International, Class B 900 15 Technical Olympic USA 900 14 Skyline 400 13 Helen of Troy Limited * 1,000 12 Department 56 * 700 11 Fleetwood SS 1,300 11 Knape & Vogt Manufacturing 900 11 Bush Industries, Class A 900 11 Stanley Furniture * 400 11 Universal Electronics * 700 $ 10 Foamex International *SS 900 10 Oneida 500 10 Flexsteel Industries 500 8 Champion Enterprises *SS 1,300 7 National RV Holdings *SS 600 6 1,336 Internet & Catalog Retail 1.5% e-Bay * 7,900 487 USA Interactive * 9,340 219 Amazon.com *SS 10,500 171 Ticketmaster Online-CitySearch, Class B * 2,800 52 Insight Enterprises * 1,400 35 ValueVision International, Class A * 1,300 24 Alloy Online *SS 1,500 22 Priceline.com *SS 7,400 21 Netflix *SS 1,200 17 J. Jill Group * 300 11 1-800-Flowers.com, Class A * 900 10 FAO *SS 1,200 9 Delias, Class A * 1,700 9 Coldwater Creek * 300 7 GSI Commerce *SS 900 7 1,101 Leisure Equipment & Products 0.4% Polaris Industries 700 46 Oakley * 2,000 35 Callaway Golf 2,000 32 Nautilus Group *SS 937 29 Johnson Outside, Class A * 1,200 20 Steinway Musical Instruments * 900 19 SCP Pool * 650 18 The Boyds Collection *SS 2,700 17 Arctic Cat 900 16 Action Performance Cos * 300 9 JAKKS Pacific * 500 9 MarineMax * 500 6 Racing Champions Corporation * 300 5 261 Media 5.3% Liberty Media, Class A * 66,425 $ 664 Cox Communications, Class A * 15,945 439 Hughes Electronics * 24,277 252 Fox Entertainment Group, Class A * 8,200 178 Scripps, Class A 2,150 166 Washington Post, Class B 260 142 EchoStar Communications *SS 7,000 130 Westwood One * 3,100 104 McClatchy, Class A 1,400 90 Hispanic Broadcasting * 3,200 84 Lamar Advertising, Class A * 2,200 82 Metro Goldwyn Mayer * 6,900 81 Entercom Communications * 1,500 69 Belo Corporation 3,000 68 Hearst-Argyle Television * 2,891 65 Gemstar TV Guide * 12,000 65 Pixar * 1,200 53 Reader's Digest, Class A 2,800 52 Harte-Hanks 2,550 52 Catalina Marketing * 1,850 52 John Wiley & Sons, Class A 1,800 43 Interactive Data * 2,900 42 Charter Communications, Class A * 9,800 40 Hollinger International, Class A 3,300 40 Scholastic * 1,000 38 Cablevision Systems, Class A *SS 3,860 37 Media General, Class A 600 36 Lee Enterprises 1,000 35 Cox Radio, Class A * 1,300 31 Getty Images *SS 1,400 30 Emmis Broadcasting, Class A * 1,400 30 Regal Entertainment Group, Class A * 1,200 28 Grey Advertising 40 28 Journal Register * 1,300 26 Mediacom Communications, Class A * 3,300 26 Liberty 600 24 APAC TeleServices * 3,700 22 Pulitzer 400 21 Entravision Communications * 1,400 $ 17 Macrovision * 1,300 17 Cadmus Communications 1,500 17 R.H. Donnelley * 600 17 Value Line 400 16 Insight Communications, Class A * 1,400 16 Crown Media, Class A * 2,000 16 ADVO * 400 15 XM Satellite Radio Holdings, Class A *SS 2,000 15 Sinclair Broadcast Group, Class A * 1,000 14 Young Broadcasting, Class A * 800 14 AMC Entertainment * 1,000 14 Radio One, Class A * 900 13 Innotrac * 2,700 13 Cumulus Media, Class A * 900 12 Paxson Communications * 2,100 12 Playboy Enterprises, Class B *SS 900 11 Equity Marketing * 800 11 Daily Journal * 400 10 Sonic Solutions *SS 1,300 10 Unitedglobalcom, Class A * 3,700 10 Harris Interactive *SS 3,000 10 Salem Communications, Class A * 400 10 Information Holdings * 400 10 Beasley Broadcast Group, Class A * 600 9 Spanish Broadcasting, Class A * 800 8 Source Information Management *SS 1,400 8 LodgeNet Entertainment * 500 7 Primedia *SS 5,836 7 TiVo *SS 1,900 7 Acme Communications * 900 7 Regent Communications * 900 6 Saga Communications, Class A * 250 6 Clear Channel Communications *SS 175 6 Liberty Livewire, Class A * 1,820 5 Championship Auto Racing Team * 500 5 4Kids Entertainment *SS 200 4 Penton Media SS 1,700 4 On Command * 2,000 3 3,877 Multiline Retail 0.7% Dollar Tree Stores * 2,925 $ 115 BJ's Wholesale Club * 2,000 77 Neiman Marcus, Class A * 1,400 49 Saks * 3,775 49 99 Cents Only Stores * 1,865 48 Shopko Stores * 1,600 32 Fred's, Class A 750 28 Tuesday Morning * 1,200 22 Stein Mart * 1,800 21 Bon-Ton Stores * 3,500 16 PriceSmart * 200 8 465 Specialty Retail 3.3% Autonation * 9,100 132 CDW Computer Centers * 2,400 112 Williams-Sonoma * 3,400 104 Ross Stores 2,300 94 Abercrombie & Fitch, Class A * 3,000 72 Michaels Stores * 1,800 70 Pier 1 Imports 2,900 61 Talbots 1,700 60 Foot Locker * 3,800 55 Barnes & Noble * 1,900 50 United Rentals * 2,300 50 PETsMART * 3,100 50 Rent-A-Center * 800 46 Chico's *SS 1,250 45 Linens `n Things * 1,300 43 American Eagle Outfitters * 2,000 42 O'Reilly Automotive * 1,500 41 Borders Group * 2,200 41 Zale * 1,100 40 Copart * 2,250 37 Regis 1,300 35 Payless Shoesource * 605 35 Claire's Stores 1,500 34 Men's Wearhouse * 1,300 33 Hollywood Entertainment * 1,500 31 Too * 1,000 $ 31 Group One Automotive * 800 31 AnnTaylor Stores * 1,200 31 Blockbuster, Class A 1,100 30 Hot Topic *SS 1,100 29 TSC * 400 28 Hughes Supply 600 27 Burlington Coat Factory 1,200 26 Aeropostale * 900 25 Stage Stores * 700 24 Restoration Hardware * 2,700 24 Dress Barn * 1,400 22 The Children's Place *SS 800 21 Urban Outfitters * 600 21 Sonic Automotive, Class A * 800 21 Electronics Boutique Holdings *SS 700 21 Aaron Rents, Class A 900 20 Pep Boys 1,200 20 Christopher & Banks * 475 20 Pacific Sunwear * 900 20 The Buckle Inc * 800 20 Charming Shoppes * 2,200 19 Cost Plus *SS 600 18 Guitar Center * 900 17 Advanced Auto Parts *SS 306 17 Finlay Enterprises * 1,000 17 Wet Seal * 675 16 Hancock Fabrics 800 15 United Auto Group * 700 15 TBC * 900 14 Gart Sports Company * 500 14 OfficeMax * 2,400 14 Sharper Image * 700 14 Asbury Automotive Group * 1,000 14 Lithia Motors, Class A * 500 13 Charlotte Russe Holding * 600 13 Cato Corporation, Class A 600 13 Party City * 800 13 Shoe Carnival * 600 13 Movie Gallery * 600 $ 13 CompuCom Systems * 3,200 12 Genesco *SS 500 12 bebe stores *SS 600 12 Hibbett Sporting Goods * 450 11 Cole National, Class A * 600 11 United Retail Group * 1,000 11 Friedman's, Class A 800 10 Whitehall Jewellers * 500 10 Trans World Entertainment *SS 1,700 10 Tweeter Home Entertainment Group *SS 600 10 Footstar *SS 400 10 The Sports Authority *SS 800 9 Rent Way * 700 9 West Marine * 700 9 Winmark * 700 8 Ultimate Electronics *SS 300 8 Pomeroy Computer Resources * 500 7 Rex Stores * 450 6 Haverty Furniture 300 6 Good Guys * 1,400 5 PC Connection * 1,200 5 Gymboree * 300 5 Wilsons Leather *SS 300 4 Mothers Work *SS 100 4 The Finish Line, Class A * 200 4 Building Materials Holdings * 100 1 2,416 Textiles, Apparel, & Luxury Goods 0.8% Coach * 1,100 60 Columbia Sportswear * 1,250 40 Timberland, Class A * 1,000 36 Fossil *SS 1,425 29 Wolverine World Wide 1,600 28 Polo Ralph Lauren, Class A * 1,100 25 Brown Group 800 23 Quaker Fabric * 1,300 20 Unifi * 1,800 20 Kellwood 600 $ 20 Saucony, Class B * 2,700 19 Maxwell Shoe, Class A * 1,200 19 Wellman 1,100 18 Culp * 1,100 18 Haggar 1,000 16 Weyco Group 400 16 Phillips-Van Heusen 1,000 16 K-Swiss, Class A 600 16 UniFirst 600 15 Movado Group 600 15 Kenneth Cole Productions, Class A * 500 14 Russell 700 13 Mossimo *SS 1,500 13 Guess? * 1,700 12 Stride Rite 1,500 12 Cutter & Buck * 1,900 11 Tandy Brands * 900 11 Tarrant Apparel *SS 1,400 9 Oshkosh B'Gosh, Class A 200 9 Cherokee * 400 8 Lazare Kaplan International * 1,100 8 Superior Uniform Group 700 7 Nautica Enterprises * 300 4 Madden Steven * 100 2 602 Total Consumer Discretionary 12,645 CONSUMER STAPLES 3.8% Beverages 0.3% Constellation Brands, Class A * 2,600 83 PepsiAmericas 4,300 64 Coca-Cola Bottling 400 17 Robert Mondavi, Class A *SS 400 14 National Beverage * 100 2 180 Food & Drug Retailing 0.6% Whole Foods Market * 1,600 $ 77 Performance Food Group * 1,300 44 Longs Drug Stores 1,200 34 Rite Aid *SS 13,600 32 Fleming Companies SS 1,500 27 Weis Markets 700 26 Duane Reade *SS 700 24 Ruddick 1,400 24 Casey's General Stores 1,600 19 Great Atlantic & Pacific Tea Company * 1,000 19 Wild Oats Markets *SS 1,100 18 7-Eleven * 2,000 16 Pathmark Stores * 700 13 Nash Finch 400 13 Marsh Supermarkets, Class B 900 12 Arden Group * 200 12 United Natural Foods * 500 10 Smart & Final * 1,200 9 Penn Traffic * 500 5 434 Food Products 2.1% Kraft Foods, Class A 7,600 311 Tyson Foods, Class A 9,819 152 McCormick 4,800 124 Dean Foods * 2,972 111 Hormel Foods 3,500 84 Tootsie Roll Industries 1,485 57 Smithfield Foods * 2,700 50 J.M. Smucker Company 1,367 47 Dole Foods 1,600 46 Fresh Del Monte Produce 1,800 45 Bunge Limited 2,100 44 Chiquita Brands * 2,100 38 Sensient Technologies Corporation SS 1,600 36 Interstate Bakeries 1,200 35 Corn Products International 1,100 34 Farmer Bros. 70 25 International Multifoods * 900 $ 23 Flowers Foods * 840 22 American Italian Pasta, Class A * 400 20 Del Monte Foods * 1,700 20 Ralcorp Holdings * 600 19 Peet's Coffee & Tea * 900 17 Central Garden & Pet * 900 16 Zapata Corporation *SS 500 15 J&J Snack Foods * 300 13 Bridgford Foods 1,000 13 Hain Celestial Group * 700 13 Green Mountain Coffee * 600 13 Seabord 50 12 Maui Land & Pineapple * 600 12 Delta & Pine Land 600 12 Cadiz *SS 1,400 12 Alico 400 12 Lance 700 10 Riviana Foods 400 10 Pilgrim's Pride 600 8 Rocky Mountain Chocolate Factory * 768 8 Sanderson Farms 300 8 Lifeway Foods * 1,100 7 Aurora Foods * 2,500 4 Horizon Organic *SS 100 2 1,560 Household Products 0.2% Dial Corp. 2,800 56 Pennzoil-Quaker State 1,900 41 Church & Dwight 1,000 31 Oil-Dri 1,200 10 Katy Industries * 1,700 9 147 Personal Products 0.3% Estee Lauder, Class A 3,600 127 NBTY * 1,800 28 Playtex Products * 2,100 27 Elizabeth Arden *SS 1,300 23 Inter Parfums 1,800 $ 13 Revlon, Class A *SS 1,300 6 Del Laboratories 200 5 BriteSmile *SS 1,800 4 233 Tobacco 0.3% R.J. Reynolds Tobacco 2,600 140 Universal Corporation 900 33 Vector Group SS 999 17 Schweitzer Mauduit 400 10 DiMon 1,400 10 Standard Commercial 200 4 214 Total Consumer Staples 2,768 ENERGY 4.4% Energy Equipment & Services 2.2% GlobalSantaFe 6,859 188 Weatherford International 3,290 142 ENSCO International 4,000 109 Diamond Offshore Drilling 3,400 97 Smith International * 1,300 89 Cooper Cameron * 1,600 77 Patterson-UTI Energy * 2,300 65 Pride International * 3,900 61 Tidewater 1,700 56 Varco International * 2,811 49 Grant Prideco * 3,290 45 Helmerich & Payne 1,200 43 National Oilwell * 2,000 42 Seacor Smit * 800 38 FMC Technologies * 1,500 31 Key Energy Services * 2,700 28 Universal Compression Holdings * 1,000 24 Hanover Compressor *SS 1,700 23 Global Industries * 3,000 21 Lone Star Technologies *SS 910 21 Superior Energy * 1,900 $ 19 Oceaneering International * 700 19 Grey Wolf * 4,600 19 Torch Offshore * 2,500 18 Cal Dive International * 800 18 Offshore Logistics *SS 700 17 Unit Corp. * 900 16 Oil States International * 1,300 15 Atwood Oceanics * 400 15 Maverick Tube * 1,000 15 Dril-Quip * 600 15 Carbo Ceramics 400 15 Petroleum Helicopters * 500 15 Veritas DGC * 1,100 14 Input/Output * 1,500 13 W-H Energy Services * 600 13 Newpark Resources * 1,800 13 Horizon Offshore * 1,400 12 Gulf Island Fabrication * 600 11 TETRA Technologies * 400 11 NATCO Group, Class A * 1,200 10 Trico Marine Services * 1,500 10 Matrix Service * 1,100 9 ICO * 7,400 9 NS Group * 900 9 Gulfmark Offshore * 200 8 Parker Drilling * 2,400 8 Dawson Geophysical * 800 6 Hydril * 200 5 Seitel *SS 700 1 1,627 Oil & Gas 2.2% Valero Energy 3,000 112 Ocean Energy 5,000 108 Murphy Oil 1,280 106 Pioneer Natural Resources Co * 3,300 86 XTO Energy 3,525 73 Equitable Resources 2,000 69 Pogo Producing 1,600 $ 52 Noble Energy 1,400 51 Newfield Exploration * 1,300 48 Enterprise Products Partners * 2,800 46 Teppco Partners * 1,200 38 Tom Brown * 1,300 37 Premcor * 1,400 36 Chesapeake Energy * 4,300 31 Spinnaker Exploration * 800 29 Forest Oil * 1,000 28 Vintage Petroleum 2,300 27 Swift Energy *SS 1,700 27 Western Gas Resources 700 26 Westport Resources * 1,530 25 Pure Resources * 1,200 25 Buckeye Partners * 700 25 Stone Energy * 600 24 Plains Resources * 900 24 Patina Oil & Gas 750 21 Houston Exploration * 700 20 Denbury Resources * 1,900 20 St. Mary Land Exploration SS 800 19 Cabot Oil & Gas, Class A 800 18 TransMontaigne * 3,000 18 Plains All Amer Pipeline * 700 18 Evergreen Resources *SS 400 17 Howell SS 1,122 15 Ultra Petroleum * 1,900 14 Frontier Oil 800 14 Remington Oil & Gas * 700 14 Edge Petroleum * 2,400 13 Encore Aquisition * 700 12 Magnum Hunter Resources * 1,500 12 Range Resources * 2,100 12 Energy Partners * 1,200 11 Nuevo Energy * 700 11 OMI * 2,600 11 Hugoton Royalty Trust 1,000 $ 11 Greka Energy *SS 1,800 10 Berry Petroleum, Class A 600 10 EnergySouth 300 10 Giant Industries * 1,200 10 Tesoro Petroleum * 1,200 9 Castle Energy 1,400 9 Cross Timbers Royalty Trust 600 9 BP Prudhoe Bay Royalty Trust 800 9 3Tec Energy * 500 9 KCS Energy *SS 4,800 8 Syntroleum * 2,900 8 Carrizo Oil & Gas * 1,800 8 Key Production * 390 8 Prima Energy * 300 7 Maynard Oil * 400 7 Adams Resources & Energy 1,100 7 Markwest Hydrocarbon * 900 6 Meridian Resource * 1,700 6 Beta Oil & Gas * 2,700 6 Petroleum Development * 1,000 6 Callon Petroleum * 1,200 6 Keneb Services * 100 2 Magnum Hunter Resources, Warrants * 220 0 1,624 Total Energy 3,251 FINANCIALS 27.0% Banks 9.1% M & T Bank 2,644 227 UnionBancal 4,300 201 North Fork Bancorporation 4,450 177 National Commerce Financial 5,950 156 Golden State Bancorp 3,900 141 Popular 4,100 138 Greenpoint Financial 2,800 137 Hudson City Bancorp 6,000 $ 119 Banknorth Group 4,495 117 Compass Bancshares 3,450 116 TCF Financial 2,200 108 Sovereign Bancorp 6,300 94 Astoria Financial 2,900 93 New York Community Bancorp 3,143 85 Valley National Bancorp 2,971 83 Mercantile Bankshares 2,000 82 Commerce Bancorp 1,850 82 Associated Banc-Corp 2,103 79 Hibernia Corp., Class A 4,000 79 Commerce Bancshares 1,731 77 First Virginia Banks 1,400 75 City National 1,300 70 FirstMerit 2,500 69 Wilmington Trust, Series A 2,200 67 Bank of Hawaii 2,200 62 Capitol Federal Financial 2,300 60 Webster Financial 1,456 56 Independence Community Bank 1,900 55 Cullen/Frost Bankers 1,500 54 BOK Financial 1,609 54 Investor's Financial Services 1,600 54 Fulton Financial 2,787 53 Washington Federal 2,023 51 Old National Bancorp 1,963 50 First Citizens Bancshares 450 50 Colonial BancGroup 3,300 49 Roslyn Bancorp 2,250 49 Sky Financial 2,293 48 Provident Financial Group 1,600 46 People's Bank 1,700 44 International Bancshares 1,031 44 Commercial Federal 1,500 43 First Midwest Bancorp 1,556 43 WestAmerica 1,100 43 Downey Financial 900 $ 43 BanCorpSouth 2,025 41 Trustmark 1,600 41 IndyMac Mortgage Holdings * 1,800 41 Citizens Banking 1,400 41 Greater Bay Bancorp SS 1,206 37 Whitney Holding 1,200 37 Community First Bankshares 1,400 37 United Bankshares 1,200 35 Staten Island Bancorp 1,800 35 Silicon Valley Bancshares * 1,300 34 Park National 395 34 MAF Bancorp 900 34 South Financial Group SS 1,500 34 Southwest Bancorp * 900 33 Westcorp 1,000 32 Wintrust Financial SS 900 31 East West Bancorp 900 31 UMB Financial 656 31 Susquehanna Bancshares 1,350 31 Midwest Banc Holdings 1,000 30 Republic Bancorp 1,994 30 Waypoint Financial 1,500 29 Suffolk Bancorp 800 29 First Commonwealth Financial 2,100 28 First Niagara Financial 1,000 28 Chittenden 950 28 First Financial Bancorp 1,402 27 Hudson United Bancorp 956 27 First South Bancorp 750 27 Hancock Holding 400 27 W Holdings Company 1,100 27 Santander Bancorp 1,550 26 Pulaski Bancorp 800 26 Boston Private Financial 1,059 26 F.N.B. 949 26 WSFS Financial 1,000 26 Pacific Capital Bancorp 1,066 $ 25 Harbor Florida Bancshares 1,200 25 NBT Bancorp 1,380 25 Cathay Bancorp 600 25 Gold Banc 2,200 24 Franklin Financial 900 23 CORUS Bankshares 500 23 FirstBank Puerto Rico 600 23 Provident Bankshares 951 23 Flagstar Bancorp SS 975 23 Sandy Spring Bancorp 700 22 BostonFed Bancorp 700 22 Trustco Bank 1,700 22 Interchange Financial Services 800 22 Arrow Financial 640 22 S&T Bancorp 800 22 Sound Federal Bancorp SS 900 21 IBERIABANK 500 20 Brookline Bancorp SS 800 20 BankUnited Financial * 1,000 19 Coastal Bancorp 600 19 Prosperity Bancshares 1,000 18 First Republic Bank *SS 650 18 Vista Bancorp 661 18 Frontier Financial 600 18 Medford Bancorp 500 17 Alabama National Bancorp 400 17 Anchor Bancorp Wisconsin 700 17 Oriental Financial Group 660 17 MB Financial 500 17 Camden National 600 17 Texas Regional Bancshares, Class A 340 17 Chemical Financial 441 17 Banner 660 16 Harleysville National 600 16 Three Rivers Bancorp SS 900 16 Dime Community Bancorp 700 16 Union Bankshares 600 16 CVB Financial 687 16 Mississippi Valley Bankshares 300 $ 16 Mid-State Bancshares 800 15 Trust Company of New Jersey 600 15 UCBH Holdings 400 15 BankAtlantic, Class A 1,200 15 St. Francis Capital 600 15 Commonwealth Bancorp 500 15 Omega Financial 400 15 State Bancorp 832 15 Sterling Financial 748 15 Northwest Bancorp 1,100 15 Logansport Financial 800 15 FirstFed Financial * 500 14 First Charter 800 14 First United 800 14 U.S.B. Holding Company 693 14 Bay View Capital * 2,200 14 West Coast Bancorp 820 14 NewMil Bancorp 700 14 Capital Corp of the West 735 14 Ameriana Bancorp SS 960 14 Second Bancorp 500 14 Integra Bank 600 13 Connecticut Bancshares 400 13 Cooperative Bankshares SS 900 13 Community Banks 441 13 Troy Financial 420 13 First Merchants 420 13 Pacific Northwest Bancorp 400 13 First Indiana 575 12 Net Bank * 1,069 12 Unizan Financial 576 12 Southwest Bancorp 450 12 FNB 700 12 German American Bancorp 661 12 Irwin Financial 600 12 PrivateBancorp 400 12 First Place Financial 600 12 Hingham Institution for Savings 400 $ 12 Guaranty Financial * 900 12 Gulf West Banks 801 12 Midsouth Bancorp 900 12 First Banks America * 300 12 National Penn Bancshares 442 12 Woronoco Bancorp 600 12 PFF Bancorp 300 12 Franklin Bank 600 11 BB&T 292 11 Bancorp Connecticut 400 11 Riverview Bancorp 800 11 Sterling Bancshares 750 11 Westbank 800 11 Century Bancorp, Class A 400 11 1st Source 441 11 Farmers Capital Bank 300 11 First Financial Bankshares 250 10 First Federal Bancshares of Arkansas 400 10 Seacoast Financial Services 400 10 BWC Financial * 484 10 First of Long Island 200 10 Glacier Bancorp 400 10 California First National Bancorp 600 10 R & G Financial, Class B 400 9 WesBanco 400 9 First Federal Bancorp 1,300 9 Sterling Financial 375 9 Amcore Financial 400 9 Home Federal Savings Bank 400 9 Flushing Financial 450 9 CB Bancshares 242 9 Thistle Group Holdings 800 9 Capital Crossing Bank * 400 9 Matrix Bancorp *SS 800 9 Riggs 600 9 Union Community Bancorp 600 9 Community Bankshares of Indiana 500 $ 9 GBC Bancorp 300 9 CoBiz 500 9 Mahaska Investment 600 8 Peoples Holding 200 8 SY Bancorp 200 8 Peoples Community Bancorp * 400 8 Republic Bancshares * 400 8 Abington Bancorp 400 8 Security Financial Bancorp * 400 8 Klamath First Bancorp 500 8 Northrim Bank 500 7 WHG Bancshares 500 7 Ocwen Financial * 1,200 7 Merchants Bancshares 200 6 Independent Bank 200 5 Western Ohio Financial 200 4 Provident Bancorp SS 100 3 Summit Bancshares 100 2 First Busey Corporation, Class A 100 2 6,670 Diversified Financials 3.2% Goldman Sachs Group 5,600 411 Principal Financial Group * 10,100 313 Federated Investors, Class B 3,250 112 Legg Mason 1,900 94 SEI 3,200 90 A.G. Edwards 2,300 89 AmeriCredit *SS 2,600 73 Neuberger Berman 1,850 68 Alliance Capital SS 1,900 65 John Nuveen, Class A 2,500 64 Eaton Vance 2,000 62 Allied Capital SS 2,600 59 E*TRADE Group * 10,130 55 Leucadia National 1,700 54 Waddell & Reed Financial, Class A 2,250 52 Investment Technology Group * 1,550 51 Student Loan Corporation 600 $ 50 Doral Financial 1,400 47 LaBranche & Co. *SS 1,800 41 Raymond James Financial 1,400 40 Affiliated Managers Group * 600 37 Jeffries Group 800 34 WFS Financial * 1,100 30 AmeriTrade, Class A * 6,100 28 Walter Industries 1,900 25 American Capital Strategies 900 25 Metris Companies SS 2,950 24 Factual Data * 2,000 23 New Century Financial SS 600 21 Credit Acceptance Corporation *SS 1,600 20 Charter Municipal Mortgage Acceptance 1,100 20 Knight/Trimark Group * 3,600 19 Southwest Securities SS 883 17 Friedman, Billings, Ramsey Group * 1,300 17 World Acceptance * 1,700 14 Blackrock, Class A * 300 13 Financial Federal *SS 400 13 Sanders Morris Harris Group 1,700 11 First Cash * 1,200 11 PMC Capital 1,500 10 DVI Financial * 500 10 CompuCredit * 1,400 10 Advanta SS 866 9 Asta Funding * 600 8 Soundview Technology Group * 4,400 7 Cash America Investments 800 7 Hoenig Group * 700 7 Gabelli Asset Management, Class A *SS 200 7 Instinet Group * 1,000 7 Harris & Harris Group * 1,700 5 eSpeed, Class A * 300 3 Amwest Insurance Group * 726 0 2,382 Insurance 8.6% Berkshire Hathaway, Class A * 43 $ 2,872 Prudential * 16,200 540 CNA Financial * 6,200 164 Radian Group 2,708 132 Transatlantic Holdings 1,405 112 Travelers, Class A * 5,800 103 PMI Group 2,600 99 Old Republic International 3,150 99 Fidelity National Financial 2,860 90 Arthur J. Gallagher 2,400 83 Erie Indemnity 1,900 77 Mercury General 1,500 73 American National Insurance 750 72 Unitrin 2,000 72 White Mountains Insurance Group SS 220 70 Protective Life 2,100 70 Allmerica Financial 1,500 69 Wesco Financial 210 63 Markel * 310 61 Brown and Brown 1,800 57 American Financial Group 2,100 50 Phoenix Companies * 2,700 50 W. R. Berkley 900 50 AmerUs Life SS 1,300 48 Reinsurance Group of America SS 1,550 48 MONY Group 1,400 48 Hilb Rogal and Hamilton 1,000 45 HCC Insurance Holdings 1,700 45 Commerce Group 1,000 40 StanCorp Financial Group 700 39 Alleghany 203 39 21st Century Insurance Group 1,800 34 Odyssey Re Holdings SS 1,800 31 Delphi Financial 704 31 Alfa 2,600 30 First American Financial 1,300 30 Ohio Casualty * 1,300 27 American Medical Security * 1,100 $ 26 Horace Mann Educators 1,300 24 Nationwide Financial Services, Class A 600 24 Great American Financial Resources 1,200 23 Philadelphia Consolidated * 500 23 Zenith National 700 22 UICI * 1,100 22 RLI 400 20 Midland 400 20 PMA Capital, Class A 900 19 CNA Surety 1,300 19 Navigators Group * 700 19 Presidential Life 900 18 Triad Guaranty * 400 17 Selective Insurance 600 17 Crawford, Class B SS 2,000 16 Clark / Bardes Holdings * 700 16 Citizens, Class A 1,155 15 State Auto Financial 900 15 Financial Industries Corporation 800 15 Penn-America Group 1,350 14 FBL Financial Group, Class A 632 14 PICO Holdings * 800 13 Cotton States Life Insurance 1,300 13 ProAssurance * 720 13 LandAmerica Financial Group 400 13 BancInsurance * 2,310 12 Standard Management * 1,400 11 Harleysville Group 400 11 Stewart Information Services * 500 10 Baldwin & Lyons, Class B 400 9 Argonaut Group SS 400 9 Arch Capital Group * 300 9 Fremont General SS 2,000 8 MEEMIC Holdings * 300 8 Universal American Financial * 1,200 8 Kansas City Life Insurance 200 8 United Fire & Casualty 200 8 Merchants Group 300 $ 7 Vesta Insurance 900 4 Danielson * 700 4 FPIC Insurance Group *SS 200 3 6,262 Real Estate 6.1% Archstone-Smith Trust, REIT 5,187 139 Vornado Realty Trust, REIT 2,900 134 ProLogis Trust, REIT 4,827 126 Public Storage, REIT 3,200 119 Duke Realty, REIT 3,790 110 Apartment Investment & Management, Class A, REIT 2,000 98 General Growth Properties, REIT 1,900 97 Boston Properties, REIT 2,300 92 Kimco Realty, REIT 2,550 85 Avalonbay Communities, REIT 1,784 83 Host Marriott, REIT 7,074 80 AMB Property, REIT 2,500 78 Rouse, REIT 2,200 73 Liberty Property Trust, REIT 2,000 70 Trizec Properties 4,100 69 IStar Financial, REIT 2,373 68 Health Care Property Investors, REIT 1,500 64 St. Joe 2,100 63 Mack-Cali Realty, REIT 1,700 60 Regency Centers, REIT 2,000 59 CarrAmerica Realty, REIT 1,900 59 Catellus Development * 2,700 55 Hospitality Properties Trust, REIT 1,500 55 Weingarten Realty Investors, REIT 1,500 53 Crescent Real Estate Equities, REIT 2,700 51 New Plan Excel Realty, REIT 2,400 50 United Dominion Realty Trust, REIT 3,100 49 CBL & Associates Properties, REIT 1,200 49 Realty Income, REIT 1,300 48 Arden Realty, REIT 1,600 46 Forest City Enterprises 1,300 45 Camden Property Trust, REIT 1,200 44 Highwoods Properties, REIT 1,700 $ 44 Macerich Company, REIT 1,400 43 BRE Properties, Class A, REIT 1,300 40 Chelsea GCA, REIT 1,200 40 Reckson Associates Realty, REIT 1,500 37 Cousins Properties, REIT 1,450 36 Healthcare Realty Trust, REIT 1,100 35 Centerpoint Properties, REIT 600 35 Shurgard Storage Centers, Class A, REIT 1,000 35 Developers Diversified Realty, REIT 1,500 34 Brandywine Realty Trust, REIT 1,300 34 Health & Retirement Properties, REIT 3,800 34 Felcor Lodging Trust, REIT 1,800 33 First Industrial Realty, REIT 1,000 33 NovaStar Financial, REIT 900 32 Prentiss Properties Trust, REIT 1,000 32 La Quinta Properties, REIT 4,300 31 Pan Pacific Retail Properties, REIT 900 31 Heritage Property Investment Trust * 1,100 29 Vencor 2,300 29 Annaly Mortgage Management, REIT 1,500 29 Newhall Land & Farming 900 29 SL Green Realty, REIT 800 29 PS Business Parks, REIT 800 28 Chateau Communities, REIT 900 28 Essex Property Trust, REIT 500 27 Post Properties, REIT 900 27 Kilroy Realty, REIT 1,000 27 Nationwide Health Properties, REIT 1,400 26 Gables Residential Trust, REIT 800 26 Federal Realty Investment Trust, REIT 900 25 Mills, REIT 800 25 Bedford Property Investors, REIT 900 24 LNR Property 700 24 Home Properties of New York, REIT 600 23 IRT Property, REIT 1,700 22 Resource Asset Investment Trust, REIT 900 21 MeriStar Hospitality, REIT 1,400 21 Koger Equity, REIT 1,100 21 Health Care, REIT 700 $ 21 Amli Residential Properties, REIT 800 21 WP Carey & Co 900 20 Trammell Crow * 1,400 20 Washington, REIT 700 20 Jones Lang Lasalle * 800 20 National Golf Properties, REIT SS 2,300 20 Colonial Properties Trust, REIT SS 500 19 Glenborough Realty Trust, REIT 800 19 Corrections Corp. of America * 1,064 18 Taubman Centers, REIT 1,200 18 Senior Housing Properties, REIT 1,160 18 Innkeepers USA, REIT 1,900 18 Mid-Atlantic Realty Trust, REIT 1,000 18 Manufactured Home Communities, REIT 500 18 Entertainment Properties, REIT 700 17 Anthracite Capital 1,300 17 Capital Automotive, REIT 700 17 Sun Communities, REIT 400 17 Pennsylvania Real Estate Investment, REIT 600 16 Equity Inns, REIT 2,000 16 Mid-America Apartment Communities, REIT 600 16 JP Realty, REIT 600 16 Universal Health Realty Income, REIT 600 16 Thornburg Mortgage, REIT 800 16 EastGroup Properties, REIT 600 15 Great Lakes, REIT 800 15 Alexandria Real Estate, REIT 300 15 LTC Properties, REIT 1,700 14 National Health Investors, REIT 900 14 Kramont Realty Trust, REIT 900 14 LaSalle Hotel Properties 900 14 Ramco-Gershenson Properties, REIT 700 14 Summit Properties, REIT 600 14 Impac Mortgage Holdings, REIT 1,000 13 American Mortgage Acceptance, REIT 1,000 13 Lexington Corporate Properties, REIT 800 13 Corporate Office Properties Trust, REIT 900 13 Commercial Net Lease Realty, REIT SS 800 13 Crown American Realty, REIT SS 1,300 $ 12 RFS Hotel Investors, REIT 900 12 Tanger Factory Outlet Centers, REIT SS 400 12 American Real Estate, REIT * 1,200 12 Agree Realty, REIT 600 12 PMC Commercial Trust, REIT 800 11 Capital Properties 1,200 11 Shelbourne Properties, REIT 200 11 Apex Mortgage Capital, REIT 700 11 Wellsford Real Properties * 500 10 JDN Realty, REIT 800 10 Transcontinental Realty Investors, REIT *SS 500 10 Investors Real Estate Trust, REIT 900 10 National Health Realty, REIT 500 9 Glimcher Realty Trust, REIT 500 9 Aegis Realty, REIT 800 9 Pittsburgh & West Virginia Railroad, REIT 1,000 9 Getty Realty, REIT 400 8 Urstadt Biddle Properties, Class A, REIT 700 8 AmeriVest Properties, REIT 1,200 7 Parkway Properties, REIT SS 200 7 Monmouth Real Estate Investment, Class A, REIT 1,000 7 Hersha Hospitality Trust, Class A, REIT 1,100 7 Insignia/ESG Holdings * 700 7 Cornerstone Realty Income Trust, REIT 600 7 Urstadt Biddle Properties, REIT 600 6 Saul Centers, REIT 100 3 Sizeler Property Investors, REIT 100 1 Capital Properties, Class B, REIT *S 120 0 4,444 Total Financials 19,758 HEALTH CARE 10.7% Biotechnology 2.7% Genentech * 6,140 206 Gilead Sciences * 5,460 180 IDEC Pharmaceuticals * 4,280 152 Millennium Pharmaceuticals * 7,659 93 Cephalon * 1,600 $ 72 Human Genome Sciences * 3,580 48 Affymetrix * 1,660 40 Vertex Pharmaceuticals * 2,310 38 Enzon *SS 1,470 36 Transkaryotic Therapies *SS 900 32 Celgene * 2,100 32 Alkermes * 2,000 32 Techne *SS 1,100 31 ICOS * 1,700 29 Protein Design Labs * 2,400 26 Abgenix *SS 2,600 26 Amylin Pharmaceuticals * 2,300 25 OSI Pharmaceuticals *SS 1,000 24 Imclone Systems * 2,743 24 Albany Molecular Research * 1,100 23 Genencor International * 2,200 22 Corixa *SS 3,101 21 IDEXX Laboratories * 800 21 PE - Celera Genomi * 1,693 20 Neurocrine Biosciences * 700 20 Allos Therapeutics *SS 2,200 20 Medarex * 2,600 19 Regeneron Pharmaceuticals *SS 1,300 19 Diversa * 1,850 18 Trimeris *SS 400 18 Tularik *SS 1,900 17 Luminex *SS 2,200 17 Myriad Genetics *SS 800 16 ILEX Oncology * 1,100 16 NPS Pharmaceuticals * 1,000 15 CV Therapeutics *SS 800 15 Genta *SS 1,700 14 Cell Genesys * 1,000 14 Incyte Genomics * 1,800 13 Tanox * 1,200 13 Enzo Biochem SS 876 13 Martek Biosciences * 600 13 Telik * 1,000 $ 13 Isis Pharmaceuticals, Class B *SS 1,300 12 OraSure Technologies * 1,900 12 Kos Pharmaceuticals *SS 600 12 Maxygen * 1,000 12 Pharmacyclics * 2,600 12 Biopure, Class A *SS 1,500 12 Exelixis * 1,500 11 Lexicon Genetics * 2,300 11 EXACT Sciences *SS 700 11 Arena Pharmaceuticals * 1,300 11 Gene Logic *SS 760 11 Alexion Pharmaceutical * 700 11 Concentric Network * 800 10 Bio-Technology General * 1,700 10 Cepheid *SS 1,800 10 Versicor * 700 9 Neurogen * 800 9 SangStat Medical * 400 9 XOMA * 2,300 9 Array BioPharma * 900 9 NeoPharm SS 680 9 Avigen *SS 900 8 Cubist Pharmaceuticals *SS 900 8 Aphton * 1,100 8 Cell Therapeutics *SS 1,500 8 VaxGen *SS 1,400 8 Immunomedics *SS 1,400 7 Acacia Research 1,020 7 Sequenom *SS 2,000 7 La Jolla Pharmaceutical * 1,100 7 CuraGen * 1,200 7 BioSource International * 1,100 7 Titan Pharmaceuticals *SS 1,900 6 Applied Molecular Evolution * 1,100 6 BioMarin Pharmaceutical *SS 1,200 6 Progenics Pharmaceuticals * 500 6 Pharmacopeia * 700 6 Digene * 500 $ 6 Neose Technologies * 500 5 Sangamo BioSciences *SS 900 5 EntreMed *SS 1,600 5 Arqule * 700 5 Texas Biotechnology * 1,100 4 Harvard Bioscience * 700 4 Biosepra * 1,000 4 Triangle Pharmaceuticals *SS 1,400 4 Third Wave Technologies *SS 1,600 4 Ortec International *SS 1,600 3 Genzyme Molecular Oncology *SS 1,275 3 Deltagen *SS 1,300 3 BioTransplant *SS 1,200 3 ImmunoGen *SS 1,100 3 AVI BioPharma *SS 1,000 3 Novavax * 600 3 Introgen Therapeutics * 1,200 2 Genome Therapeutics *SS 800 2 Kosan Biosciences * 200 2 1,963 Health Care Equipment & Supplies 2.3% Hillenbrand Industries 1,700 95 Beckman Coulter 1,800 90 Dentsply International 2,300 85 Varian Associates * 2,000 81 Apogent Technologies * 3,100 64 Invitrogen * 1,575 50 Bio-Rad Laboratories, Class A * 1,000 46 Edwards Lifesciences * 1,800 42 Charles River Laboratories International * 1,000 35 Steris * 1,800 34 Respironics * 1,000 34 Invacare 900 33 Mentor 900 33 Haemonetics * 1,100 32 ResMed * 1,000 29 Ocular Sciences * 1,100 29 Cytyc * 3,700 $ 28 Arrow International 700 27 Diagnostic Products 700 26 American Medical Systems *SS 1,200 24 CONMED * 1,050 23 IGEN * 700 22 Ventana Medical Systems *SS 1,000 22 Inhale Therapeutic Systems *SS 2,300 22 Sonic Innovations * 2,800 20 Biosite Diagnostics * 700 20 Datascope 700 19 Merit Medical Systems * 937 19 Cooper Companies 400 19 Immucor * 800 19 INAMED * 700 19 Molecular Devices * 1,050 19 TheraSense *SS 1,000 19 Viasys Healthcare * 1,000 17 ArthroCare * 1,300 17 Sybron Dental Specialties * 900 17 VISX * 1,500 16 Cerus *SS 470 16 SurModics * 600 16 Integra LifeServices Holdings * 700 15 Kensey Nash * 900 15 Vital Signs 400 14 Wright Medical Group * 700 14 Thoratec * 1,502 14 Zoll Medical * 400 13 West Pharmaceutical Services 400 13 Serologicals * 700 13 PolyMedica *SS 500 13 Wilson Greatbatch Technologies *SS 500 13 Conceptus * 700 12 Bruker Daltonics *SS 2,900 11 Lifecore Biomedical * 1,000 11 Meridian Medical Technologies *SS 300 $ 11 Candela Laser * 1,900 10 Meridian Bioscience 1,500 10 North American Scientific * 1,000 10 Possis * 800 10 Intuitive Surgical *SS 1,100 9 ICU Medical * 300 9 Sola * 800 9 Advanced Neuromodulation Systems *SS 300 9 Theragenics * 1,000 8 Mine Safety Appliances 200 8 Endocare *SS 600 8 Interpore International * 800 8 Align Technology *SS 1,900 8 Exactech * 500 8 EPIX Medical * 700 7 SonoSite * 500 7 Synovis Life Technologies * 900 7 Illumina *SS 1,000 7 Caliper Technologies *SS 800 7 Cyberonics * 500 7 Closure Medical * 400 6 AeroGen * 6,000 5 Urologix * 400 5 ABIOMED * 600 5 Q Med *SS 600 5 Novoste * 900 4 Inverness Medical Innovations * 200 4 1,660 Health Care Providers & Services 4.5% Quest Diagnostics * 2,700 232 Anthem * 2,900 196 Laboratory Corporation of America * 3,920 179 Oxford Health Plans * 2,500 116 Express Scripts, Class A * 2,300 115 Caremark RX * 6,400 106 Patterson Dental * 2,000 $ 101 Lincare Holdings * 3,000 97 Trigon Healthcare * 950 96 Triad Hospitals * 2,116 90 Health Net * 3,300 88 Universal Health Services, Class B * 1,700 83 First Health Group * 2,800 78 Omnicare 2,800 74 Community Health System * 2,700 72 Advance PCS * 2,500 60 Davita * 2,300 55 WebMD * 9,237 52 Coventry Health Care * 1,800 51 Mid-Atlantic Medical Services * 1,600 50 Henry Schein * 1,100 49 Renal Care Group * 1,400 44 AMN Healthcare Services * 1,200 42 LifePoint Hospitals * 1,100 40 Apria Healthcare * 1,700 38 Service Corp. International * 7,600 37 Accredo Health *SS 794 37 Pharmaceutical Product Development * 1,300 34 Covance * 1,800 34 Province Healthcare *SS 1,500 34 Priority Healthcare, Class B * 1,394 33 Cross Country * 800 30 Cobalt Corporation *SS 1,300 30 Unilab * 1,000 27 US Oncology * 3,158 26 Orthodontic Centers of America * 1,100 25 Syncor International * 800 25 PacifiCare Health Systems, Class A * 900 24 AmeriPath * 1,000 24 Beverly Enterprises * 3,000 23 United Surgical Partners International * 700 22 Sunrise Assisted Living *SS 800 21 Dianon Systems * 400 21 LabOne * 800 21 PSS World Medical * 2,500 20 Stewart Enterprises, Class A * 3,100 $ 20 Medical Staffing Network Holdings * 800 20 Maximus * 600 19 Lifeline Systems * 700 18 Advisory Board * 500 18 Kindred Healthcare *SS 407 18 Genesis Health Ventures * 900 18 PDI * 1,150 18 Owens & Minor SS 900 18 VitalWorks * 2,100 17 VCA Antech * 1,100 17 RehabCare Group * 700 17 MIM Corporation *SS 1,300 16 Select Medical * 1,000 16 Pediatrix Medical Group * 600 15 Alliance Imaging * 1,100 15 D&K Healthcare 400 14 Dynacq International *SS 1,000 14 Parexel International *SS 1,000 14 Hooper Holmes 1,700 14 Sierra Health Services * 600 13 IMPATH *SS 600 11 Hanger Orthopedic Group * 700 11 First Horizon Pharmaceutical * 500 10 OPTION CARE *SS 750 10 CorVel * 300 10 Capital Senior Living * 3,000 10 U.S. Physical Therapy *SS 400 8 AmSurg * 300 8 Carriage Services, Class A * 1,600 7 Gentiva Health Services 750 7 LCA-Vision * 6,400 7 Res-Care * 1,000 7 Computer Programs and Systems * 300 6 Per-Se Technologies * 700 6 CryoLife * 400 6 Radiologix * 400 6 Omnicell * 800 6 AMERIGROUP *SS 200 5 PlanVista * 1,300 $ 5 National Healthcare * 200 4 Specialty Laboratories * 500 4 Matria Healthcare * 500 4 Magellan Health Services * 2,300 2 3,261 Pharmaceuticals 1.2% Mylan Laboratories 3,400 107 Barr Laboratories * 1,178 75 Sicor * 3,400 63 IVAX * 5,237 57 Andrx * 2,000 54 ICN Pharmaceuticals 2,100 51 Scios *SS 1,300 40 Medicis Pharmaceutical, Class A * 900 38 Alpharma, Class A SS 1,800 31 Pharmaceuticals * 1,100 31 Perrigo * 2,000 26 Sepracor * 2,700 26 K-V Pharmaceutical, Class A * 900 24 Adolor *SS 1,900 21 Eon Labs * 1,200 21 Endo Pharmaceutical * 3,000 21 DURECT * 2,300 18 CIMA Labs * 750 18 Noven Pharmaceuticals * 700 18 aaiPharma *SS 600 13 Atrix Laboratory * 600 13 Impax Laboratories * 1,600 12 Discovery Partners * 1,800 12 Atherogenics * 1,600 11 Medicines Company *SS 900 11 Antigenics *SS 1,100 11 Columbia Laboratories * 1,800 11 Pain Therapeutics * 1,200 10 Bradley Pharmaceuticals, Class A *SS 700 9 Penwest Pharmaceuticals *SS 400 8 Ligand Pharmaceuticals, Class B * 500 7 Women First Healthcare * 900 7 SFBC International *SS 400 $ 7 VIVUS *SS 900 6 NaPro BioTherapeutics *SS 900 6 Ariad Pharmaceuticals * 900 4 MGI Pharma *SS 500 4 Bone Care International * 600 4 AVANIR Pharmaceuticals, Class A * 2,300 3 Emisphere Technologies *SS 600 2 Cellegy Pharmaceuticals * 1,100 2 InKine Pharmaceutical *SS 1,800 2 915 Total Health Care 7,799 INDUSTRIALS & BUSINESS SERVICES 11.0% Aerospace & Defense 0.9% L-3 Communications Holdings *SS 2,180 118 Alliant Techsystems * 975 62 Precision Castparts 1,200 40 Orbital Sciences *SS 3,100 25 Curtiss-Wright Corporation 300 24 Armor Holdings * 800 20 World Fuel Services 800 20 Ducommun * 700 18 DRS Technologies * 400 17 EDO 600 17 Invision *SS 700 17 Engineered Support System 300 16 Aviall * 1,100 15 United Industrial 700 15 Aeroflex * 2,200 15 Integrated Defense Technologies *SS 500 15 BE Aerospace * 1,100 15 GenCorp 1,000 14 Cubic Corp 600 14 Kaman, Class A 800 13 Triumph Group * 300 13 Sequa, Class A * 200 13 Mercury Computer Systems * 600 12 Simula * 3,300 12 Pemco Aviation Group * 500 $ 12 MTC Technologies 600 11 Innovative Solutions and Support * 1,400 11 Hexcel * 2,400 11 Ladish Company * 800 10 United Defense Industries * 400 9 AAR 900 9 KVH Industries * 1,100 8 Allied Research * 300 8 SPACEHAB *SS 5,700 7 HEICO 500 7 663 Air Freight & Logistics 1.4% UPS, Class B 10,840 669 Expeditors International of Washington 2,800 93 C.H. Robinson Worldwide 2,400 81 CNF 1,300 49 JB Hunt Transport Services * 1,100 33 Airborne Freight 1,200 23 EGL * 1,200 20 Forward Air * 600 20 Atlas Air Worldwide Holdings *SS 1,200 4 992 Airlines 0.4% JetBlue Airways *SS 1,100 50 SkyWest 1,300 30 Northwest Airlines, Class A *SS 2,500 30 Atlantic Coast Airlines * 1,300 28 ExpressJet Holdings * 1,800 23 Continental Airlines, Class B *SS 1,300 21 UAL SS 1,600 18 Alaska Air Group * 700 18 Airtran Holdings * 2,900 16 Mesa Air Group * 1,500 14 Frontier Airlines * 1,050 9 America West Holdings, Class B *SS 2,600 7 Midwest Express Holdings * 300 4 Amtran * 300 2 270 Building Products 0.3% York International 1,300 $ 44 Lennox International SS 1,000 18 Simpson Manufacturing * 300 17 Elcor 600 16 Trex *SS 500 16 Watsco 800 15 Universal Forest Products 600 14 Drew Industries * 800 13 Apogee Enterprises 900 13 NCI Building Systems * 700 13 American Woodmark 200 11 Griffon Corporation 500 9 AAON Inc. * 450 8 U.S. Industries * 2,000 7 214 Commercial Services & Supplies 4.3% DST Systems * 3,340 153 Weight Watchers * 3,100 135 ServiceMaster 8,350 115 BISYS Group * 3,400 113 Total Systems Services SS 5,500 103 Choicepoint * 2,124 97 Republic Services, Class A * 4,600 88 Certegy * 2,100 78 Ceridian * 4,100 78 Manpower 2,100 77 Viad 2,800 73 Iron Mountain * 2,280 70 Dun & Bradstreet * 2,100 69 Valassis Communications * 1,500 55 Career Education * 1,200 54 HON Industries 1,700 46 Education Management * 1,100 45 Herman Miller 2,200 45 Devry * 1,900 43 West Corporation * 1,800 40 Pittston Services 1,649 40 National Processing * 1,500 $ 39 Corporate Executive Board * 1,100 38 Checkfree Holdings *SS 2,400 38 Stericycle * 1,000 35 ITT Educational Services * 1,600 35 Corinthian Colleges * 1,000 34 Global Payments 1,080 32 Wallace Computer Services 1,400 30 Central Parking 1,300 30 Banta 800 29 CSG Systems International * 1,500 29 Arbitron * 900 28 Factset Research Systems 900 27 Medquist * 982 26 Strayer Education 400 25 NDC Health 900 25 United Stationers * 800 24 Sotheby's, Class A * 1,700 24 Tetra Tech * 1,600 23 TeleTech Holdings * 2,440 23 Waste Connections *SS 700 22 CCC Information Services * 1,500 21 G&K Services, Class A 600 21 Ecology and Environment, Class A 1,900 20 John H. Harland 700 20 NCO Group *SS 900 20 Volt Information Sciences * 800 20 Kelly Services, Class A 700 19 Exult *SS 2,900 19 SITEL * 5,700 18 FTI Consulting * 500 17 ABM Industries 1,000 17 Headwaters Incorporated * 1,100 17 Korn/Ferry * 1,900 17 Interpool 1,000 17 Strategic Distribution * 1,200 17 Resources Connection * 600 16 Steelcase, Class A SS 1,200 16 Prepaid Legal Services *SS 800 $ 16 Right Management Consultants *SS 600 16 Multi-Color * 1,050 16 Landauer 400 15 Profit Recovery Group * 1,250 15 Miami Computer Supply *SS 1,325 15 Aramark, Class B * 600 15 Bowne 1,000 15 Coinstar * 600 15 Sylvan Learning Systems * 734 15 Rollins 700 14 EFunds * 1,500 14 Duratek * 2,000 14 Pegasus Solutions * 800 14 Standard Register 400 14 SOURCECORP * 500 13 Bright Horizons Family Solutions * 400 13 CDI * 400 13 School Specialty * 476 13 Kroll * 600 13 Cendant * 740 12 Chemed 300 11 InfoUSA * 2,000 11 Hunt Corp. 1,000 11 Imagistics International * 500 11 Spherion * 900 11 First Consulting Group * 1,200 10 Alliance Data Systems * 400 10 Wackenhut Corrections * 700 10 New England Business Service 400 10 American Locker Group * 700 10 Watson Wyatt, Class A * 400 10 Consolidated Graphics * 500 9 On Assignment * 500 9 Lightbridge * 1,038 9 The Princeton Review *SS 900 8 Labor Ready *SS 1,400 8 VSE 1,000 8 Insurance Auto Auctions * 400 $ 8 Electro Rent * 600 8 McGrath RentCorp 300 8 Information Resources * 800 7 Learning Tree International * 400 7 Ionics * 300 7 ICT Group * 400 7 Casella Waste Systems, Class A * 600 7 Medis Technologies *SS 900 7 DiamondCluster International, Class A *SS 1,150 7 Mobile Mini *SS 400 7 General Binding *SS 400 7 TRC *SS 300 6 Ablest * 1,700 6 Administaff *SS 600 6 Workflow Management * 1,592 5 Franklin Covey * 1,400 4 Cornell Companies * 300 4 RMH Teleservices * 500 3 Butler International * 1,500 3 KForce.com * 456 3 Mail-Well * 500 3 Edison Schools, Class A *SS 1,900 2 Ennis Business Forms 100 1 Kaiser Ventures, Class A *S 500 0 3,144 Construction & Engineering 0.3% Jacobs Engineering Group * 1,500 52 Shaw Group *SS 1,100 34 EMCOR Group * 500 29 Granite Construction 925 23 Insituform Technologies, Class A * 900 19 Quanta Services * 1,900 19 Dycom Industries * 1,433 17 URS * 500 14 Butler Manufacturing 500 14 Mastec * 1,550 12 Xanser * 5,700 10 Intergrated Electrical Services * 800 5 248 Electrical Equipment 0.7% Energizer * 3,000 $ 82 Hubbell, Class B 1,700 58 Tecumseh Products, Class A 600 32 AMETEK 800 30 Baldor Electric 1,100 28 Woodward Governor 400 24 A.O. Smith 700 22 Brady, Class A 600 21 Paxar * 1,100 18 Plug Power *SS 2,300 18 Belden 800 17 Acuity Brands 900 16 Genlyte Group * 400 16 Energy Conversion Devices * 800 13 Channell Commercial *SS 1,700 12 AstroPower *SS 600 12 Fuelcell Energy *SS 1,100 11 C&D Technologies 600 11 Metrologic Instruments * 1,500 10 BTU International * 2,400 9 II-VI * 600 9 Encore Wire * 600 9 Vicor * 1,200 8 Manufacturers' Services * 1,600 8 MagneTek * 700 7 Chase 600 6 General Cable 1,000 6 Proton Energy Systems *SS 1,600 5 Reptron Electronics *SS 2,400 4 Capstone Turbine * 1,900 3 Global Power Equipment Group *SS 300 3 528 Industrial Conglomerates 0.3% Teleflex 1,100 63 Carlisle Companies 1,000 45 Tredegar 1,600 38 Roper Industries 700 26 Park Ohio Holdings * 2,400 11 183 Machinery 1.6% SPX * 1,118 $ 131 Pentair 1,200 58 Harsco 1,200 45 Donaldson 1,200 42 AGCO * 2,100 41 Graco 1,425 36 Timken 1,500 34 Kennametal 900 33 Flowserve * 1,100 33 Mueller Industries * 1,000 32 IDEX 900 30 Trinity Industries SS 1,200 25 Terex * 1,100 25 Reliance Steel & Aluminum 800 24 Lincoln Electric Holdings 900 24 Dionex * 900 24 Tennant 600 24 Manitowoc SS 600 21 Kaydon 900 21 Esterline Technologies * 900 20 Nordson 800 20 Briggs & Stratton 500 19 Albany International, Class A 710 19 CLARCOR 600 19 Robbins & Myers 700 18 Valmont Industries 900 18 Cuno * 500 18 Oshkosh Truck, Class B 300 18 ESCO Electronics * 500 18 Regal-Beloit 700 17 Barnes Group 700 16 Coors Tek * 500 16 BHA Group, Class A 900 15 Thomas Industries 500 14 UNOVA * 2,200 14 JLG Industries 1,000 14 CTB International * 800 $ 12 Wabash National SS 1,200 12 Watts Industries, Class A 600 12 NACCO Industries, Class A 200 12 SPS Technologies * 300 12 Columbus Mckinnon 1,300 11 Stewart & Stevenson 600 11 Joy Global *SS 600 10 Met-Pro 700 10 A.S.V. * 800 10 Milacron 900 9 Global Payment Technologies * 1,500 9 Actuant Corporation, Class A * 205 9 Graham * 900 8 Lindsay Manufacturing 350 8 Greenbrier Companies 1,000 7 Astec Industries * 400 6 3D Systems * 500 6 Wolverine Tube * 800 6 1,176 Marine 0.1% Alexander & Baldwin 1,100 28 Maritrans 1,500 20 Overseas Shipholding Group 700 15 Kirby Corporation * 600 15 International Shipholding * 1,200 8 86 Road & Rail 0.6% Swift Transportation * 2,190 51 Werner Enterprises 1,733 37 GATX SS 1,100 33 Heartland Express * 1,379 33 Kansas City Southern Industries * 1,700 29 Landstar Systems * 250 27 Florida East Coast Industries 900 23 USFreightways 600 23 Roadway Express 600 22 Yellow Corp * 600 20 Allied Holdings *SS 3,500 $ 18 Dollar Thrifty Auto Group *SS 700 18 Landair *SS 1,000 16 Arkansas Best * 600 15 Genesee & Wyoming, Class A * 675 15 Knight Transportation * 600 14 RailAmerica *SS 1,200 13 Transport Corp. of America * 1,300 9 U.S. Xpress Enterprises, Class A * 600 8 Amerco * 500 7 Patriot Transportation Holdings * 200 5 USA Truck * 400 5 Lynch Interactive * 100 3 444 Trading Companies & Distributors 0.1% Fastenal 2,200 85 MSC Industrial Direct, Class A * 900 17 Lawson Products 100 3 105 Total Industrials & Business Services 8,053 INFORMATION TECHNOLOGY 12.4% Communications Equipment 1.5% Brocade Communications Systems * 6,640 116 Harris 1,800 65 Juniper Networks *SS 9,930 56 Emulex * 2,320 52 Extreme Networks * 4,250 43 3Com * 9,300 41 Advanced Fibre Communications * 2,100 35 Foundry Networks * 4,850 34 Polycom * 2,700 32 McDATA Corporation * 3,500 31 Sycamore Networks * 7,350 28 Adaptec * 3,200 25 Plantronics * 1,300 25 ADTRAN * 1,300 25 CIENA * 4,830 $ 20 Powerwave Technologies * 2,000 18 Centillium Communications * 2,100 18 Cable Design Technologies * 1,750 18 Commscope * 1,400 18 Avocent * 1,045 17 Tekelec * 1,900 15 Ixia * 2,600 15 Black Box *SS 370 15 Arris Group * 3,300 15 InterDigital Communication * 1,600 15 Inrange Technologies, Class B *SS 3,000 14 Finisar *SS 5,900 14 Echelon *SS 1,000 13 Riverstone Networks * 4,100 13 Inter-Tel SS 700 12 Paradyne Networks * 2,700 11 Sonus Networks * 5,290 11 Enterasys Networks * 5,300 9 Westell Technologies, Class A *SS 6,000 9 Sunrise Telecom * 4,200 9 Packeteer * 2,000 9 F5 Networks * 900 9 Symmetricom * 2,200 8 Performance Technologies * 1,200 8 ditech Communications *SS 2,800 8 Digital Lightwave *SS 3,250 8 PC-Tel * 1,100 7 Loral Space & Communications *SS 7,300 7 Redback Networks *SS 4,020 7 Anaren Microwave * 800 7 Harmonic * 1,884 7 Bel Fuse, Class A *SS 300 7 REMEC * 1,200 7 Tollgrade Communications * 450 7 DMC Stratex Networks * 3,210 6 SpectraLink * 600 6 C-Cor.net * 900 $ 6 Corvis * 9,400 6 Computer Network Technology *SS 900 6 Netopia * 2,000 5 Norstan *SS 1,300 5 Comtech Telecommunications * 750 5 MRV Communications * 3,320 5 Aware * 1,300 5 Stratos Lightwave * 2,260 4 Avanex * 1,800 4 Oplink Communications * 4,500 3 Tellium *SS++ 3,500 3 Terayon Communication Systems *SS 2,400 3 ViaSat *SS 300 3 Digi International * 460 2 1,090 Computers & Peripherals 0.6% Storage Technology * 3,000 48 Maxtor * 6,804 31 Iomega * 2,160 28 Intergraph * 1,500 26 Sandisk * 2,000 25 Pinnacle * 1,900 21 Western Digital * 5,800 19 Electronics for Imaging * 1,100 18 Silicon Graphics * 5,300 16 Advanced Digital Info * 1,700 14 Quantum DLT & Storage Systems Group * 3,300 14 Overland Data * 800 13 Stratasys * 1,700 13 In Focus Systems * 1,000 12 Hypercom *SS 1,500 12 Interphase * 2,700 10 Video Display * 1,440 9 Handspring * 5,000 9 Presstek * 2,100 8 Avid Technology * 900 8 Datalink * 2,500 8 Concurrent Computer *SS 1,600 $ 8 Sigma Designs *SS 2,800 7 Rimage * 800 6 Hutchinson Technology * 400 6 SBS Technologies * 500 6 Rainbow Technologies * 1,100 5 Synaptics * 700 5 Vixel * 1,700 4 Dataram * 1,150 4 JNI * 1,200 4 Read-Rite * 3,800 2 419 Electronic Equipment & Instruments 1.8% Vishay Intertechnology * 4,631 102 Avnet 3,696 81 AVX 4,900 80 Diebold 1,900 71 Ingram Micro, Class A * 4,000 55 Arrow Electronics * 2,600 54 Tech Data * 1,400 53 Fisher Scientific * 1,500 42 KEMET * 2,300 41 Amphenol, Class A *SS 1,100 40 Varian * 1,000 33 Anixter International *SS 1,200 28 Technitrol SS 1,200 28 Newport 1,550 24 Plexus * 1,160 21 FLIR Systems * 500 21 Analogic 400 20 Teledyne Technologies * 900 19 Park Electrochemical 700 19 Scansource *SS 300 18 Identix *SS 2,474 18 MTS Systems 1,400 18 Benchmark Electronics *SS 600 17 Electro Scientific Industries * 700 17 Veeco *SS 729 $ 17 LSI Industries 900 17 Littelfuse * 700 16 Itron * 600 16 Trimble Navigation * 1,000 16 Photon Dynamics * 500 15 Franklin Electric 300 14 Somera Communications *SS 1,900 14 Coherent * 450 14 CTS 1,100 13 Artesyn Technologies * 2,000 13 Planar Systems *SS 600 12 Methode Electronics, Class A 900 11 Isco SS 1,200 11 X-Rite 1,300 11 Pioneer-Standard Electronics SS 1,000 10 Global Imaging Systems * 500 9 Nu Horizons Electronics * 1,100 9 Sypris Solutions * 500 9 Research Frontiers *SS 600 9 California Amplifier * 1,800 9 Intermagnetics General 408 8 Cyberoptics * 850 8 OSI Systems *SS 400 8 Trans-Lux Corporation SS 1,300 7 Powell Industries * 300 7 Zygo * 900 7 LeCroy * 600 7 Nanometrics * 400 6 Maxwell Technologies *SS 700 6 Lo-Jack * 1,700 6 Twin Disc 400 6 Keithley Instruments 400 6 Rogers * 200 5 Zomax * 1,400 5 Merix *SS 600 5 OYO Geospace * 500 5 Panavision *SS 1,700 $ 5 BEI Technologies 400 5 Stanford Microdevices * 1,800 4 DDi * 4,000 4 Excel Technology * 100 2 EPlus * 300 2 Pemstar *SS 1,200 2 1,311 Internet Software & Services 1.1% VeriSign *SS 6,488 47 Expedia, Class A *SS 700 41 Overture Services * 1,600 40 Retek * 1,445 35 Openwave Systems * 5,363 30 DoubleClick * 3,992 29 Ariba *SS 8,600 27 Earthlink * 4,020 27 Webex Communications *SS 1,600 25 Internet Security Systems * 1,650 22 Hotels.Com *SS 500 21 webMethods *SS 2,108 21 RealNetworks * 4,900 20 United Online *SS 1,600 19 FNIS *SS 800 19 PEC Solutions *SS 800 19 FreeMarkets *SS 1,350 19 Websense * 700 18 Lendingtree *SS 1,300 17 Digital Insight * 931 15 Sonicwall * 2,900 15 S1 * 1,900 14 CNET Networks * 6,871 14 Netpliance * 1,100 13 Vignette * 6,448 13 Netegrity * 2,050 13 Interwoven * 4,000 12 MatrixOne * 2,000 12 Digital River * 1,300 12 Modem Media, Class A * 3,200 $ 12 I-many *SS 4,100 11 Avenue A *SS 3,100 11 Multex.com * 2,700 11 Digitas * 2,400 11 Neoforma.com *SS 800 10 MarketWatch.com * 2,200 10 TriZetto Group * 1,200 10 McAfee.com, Class A * 700 10 NetRatings * 1,100 10 Register.com * 1,300 10 Stellent * 2,000 9 Interland *SS 2,700 8 Expedia, Warrants * 288 8 SeeBeyond Technology Corporation * 2,500 8 WatchGuard Technologies * 1,500 8 Allscripts Heathcare *SS 2,000 7 Keynote Systems * 950 7 OneSource Information Services * 900 6 Chordiant Software *SS 2,920 6 Loudcloud *SS 3,900 6 Akamai Technologies *SS 3,778 5 CMGI *SS 9,268 4 Vitria Technology * 4,200 4 iManage * 1,100 4 InfoSpace.com * 8,856 4 Tumbleweed Communications * 1,700 3 Kana Communications *SS 767 3 Hollywood Media *SS 1,300 3 Broadvision * 7,100 2 Commerce One * 4,920 2 America Online Latin America, Class A * 2,400 2 Universal Access *SS 3,100 1 855 IT Consulting & Services 1.4% SunGard Data Systems * 7,900 209 Affiliated Computer Services, Class A * 3,700 176 KPMG Consulting * 4,300 64 Acxiom * 2,400 42 Anteon International * 1,500 $ 38 Titan * 2,049 37 Perot Systems, Class A * 3,000 33 American Management Systems * 1,600 31 CACl International, Class A * 800 30 Keane * 2,360 29 Manhattan Associates *SS 800 26 Gartner Group, Class B * 2,400 23 MPS Group * 2,600 22 ProQuest * 600 21 Igate Capital * 4,500 21 Renaissance Learning *SS 800 16 Computer Horizons * 3,300 16 CIBER * 2,000 14 IDX Systems * 1,000 13 InterCept Group * 600 12 Sykes Enterprises * 1,500 11 Cognizant Technology Solutions, Class A * 200 11 Startek * 400 11 Tier Technologies, Class B * 600 11 Inforte * 1,000 10 Syntel * 800 10 Forrester Research * 500 10 Edgewater Technology * 2,367 10 ProBusiness Services * 600 9 Integral Systems * 400 9 National Wireless Holdings * 600 8 Safeguard Scientifics * 3,400 7 Technology Solutions * 5,200 7 AnswerThink * 1,700 6 Health Management Systems * 2,000 6 CoStar Group * 300 6 Management Network Group * 2,600 6 Bell Microproducts * 700 6 Netguru * 2,400 5 SkillSoft *SS 600 5 Verso Technology * 7,900 4 ProsoftTraining.com * 900 0 1,041 Office Electronics 0.1% Zebra Technologies, Class A * 800 $ 38 Ikon Office Solutions 3,700 35 73 Semiconductor Equipment & Products 2.7% Microchip Technology * 5,649 155 Atmel * 13,600 85 Intersil Holding, Class A * 3,520 75 Fairchild Semiconductor, Class A * 2,810 68 Agere Systems, Class A * 46,600 65 Lam Research * 3,350 60 Integrated Device Technology * 3,100 56 Cypress Semiconductor * 3,400 52 International Rectifier * 1,600 47 Semtech * 1,700 45 Micrel * 2,580 37 RF Micro Devices * 4,800 37 Integrated Circuit Systems * 1,800 36 Silicon Laboratories *SS 1,300 35 Varian Semiconductor Equipment * 1,000 34 Cree *SS 2,500 33 Credence Systems * 1,800 32 Cymer * 900 32 Axcelis Technologies * 2,600 29 Amkor Technology *SS 4,500 28 Cabot Microelectronics *SS 632 27 MKS Instruments * 1,300 26 Lattice Semiconductor * 2,940 26 Actel * 1,200 25 Entegris * 1,700 25 ESS Technology *SS 1,400 25 Asyst Technology *SS 1,200 24 TriQuint Semiconductor * 3,780 24 Cognex * 1,200 24 Mykrolis * 2,000 24 ATMI * 1,000 22 Brooks-Pri Automation * 864 22 GlobeSpan * 5,428 21 Zoran *SS 900 $ 21 Chippac, Class A * 3,300 20 Silicon Storage Technology * 2,600 20 Omnivision Technologies * 1,400 20 Cirrus Logic * 2,700 20 FEI * 800 20 Siliconix * 700 19 DSP Group * 900 18 Kulicke & Soffa * 1,400 17 LTX * 1,200 17 Rambus *SS 4,080 17 DuPont Photomasks * 500 16 Microtune *SS 1,800 16 Exar * 800 16 Advanced Energy Industries * 700 16 Photronics *SS 810 15 ON Semiconductor * 7,300 15 Helix Technology 700 14 MIPS Technologies *SS 2,100 13 Silicon Image * 2,100 13 Power Integrations * 700 13 Rudolph Technologies * 500 13 Kopin * 1,800 12 Therma-Wave * 1,000 11 Ultratech Stepper * 700 11 Skyworks Solutions * 2,000 11 Three-Five Systems * 950 11 MEMC Electronic Materials *SS 2,200 11 Semitool * 1,300 11 Cohu 600 10 Monolithic Systems Technology * 900 10 Pixelworks *SS 1,200 10 Alliance Semiconductor * 1,400 10 Transmeta * 4,200 10 ANADIGICS *SS 1,195 10 Pericom Semiconductor * 800 9 Integrated Silicon Solution * 1,000 9 Aehr Test Systems * 1,600 $ 9 Amtech Systems * 1,600 9 SpeedFam International *SS 1,600 8 Celeritek * 1,200 8 Virage Logic * 600 8 EMCORE *SS 1,240 8 Mattson Technology *SS 1,513 7 Oak Technology * 1,500 7 Microsemi *SS 800 5 Sipex * 1,000 5 TTM Technologies * 900 5 PDF Solutions *SS 600 4 Electroglas *SS 400 4 FSI International * 400 3 PLX Technology * 500 2 Artisan Components * 200 2 TranSwitch * 2,100 1 Multilink Technologies * 2,400 1 1,977 Software 3.2% Electronic Arts * 3,800 251 Symantec *SS 3,920 129 Synopsys * 2,133 117 Cadence Design Systems * 6,977 112 BEA Systems * 11,000 105 Network Associates * 3,900 75 Reynolds & Reynolds, Class A 2,000 56 National Instruments * 1,400 46 Jack Henry & Associates 2,700 45 Cerner * 900 43 J. D. Edwards * 3,400 41 Activision * 1,400 41 Quest Software *SS 2,800 41 NetIQ * 1,658 38 THQ *SS 1,125 34 TIBCO Software * 5,550 31 Fair, Issac and Company SS 900 30 Sybase * 2,672 28 Red Hat * 4,700 $ 28 Kronos * 800 24 Mentor Graphics * 1,700 24 Imation * 800 24 Advent Software * 900 23 Barra * 600 22 Informatica * 3,100 22 Ascential Software * 7,500 21 FileNet * 1,300 19 Take-Two Interactive Software *SS 900 19 HNC Software * 1,100 18 Borland Software * 1,700 17 i2 Technologies * 11,566 17 Practiceworks * 925 17 ScanSoft *SS 2,300 17 JDA Software Group * 600 17 MICROS Systems * 600 17 Transaction Systems Architects, Class A * 1,400 16 Verity * 1,400 16 Macromedia * 1,710 15 SERENA Software *SS 1,100 15 Radiant Systems * 1,150 15 Ulticom * 2,200 15 Progress Software * 1,000 15 Hyperion Solutions * 800 15 Speechworks International * 3,700 14 E.piphany * 3,040 13 Documentum * 1,100 13 Catapult Communications * 600 13 Ultimate Software Group * 3,900 13 Manugistics Group *SS 2,000 12 Actuate *SS 2,700 12 Magma Design Automation * 700 12 Pegasystems * 1,300 12 Legato Systems * 3,181 11 DocuCorp International, Class A * 1,100 11 SPSS * 700 11 Insignia Systems * 1,200 11 Datastream * 1,500 $ 11 Dendrite International * 1,100 11 Captaris * 3,600 11 HPL Technologies *SS 700 11 Eclipsys * 1,600 10 Micromuse * 2,260 10 Verisity *++SS 600 10 MRO Software * 900 10 EPIQ Systems * 600 10 Vastera *SS 2,300 10 RSA Security * 2,050 10 Systems & Computer Technology * 700 9 Wind River Systems * 1,876 9 AuthentiDate Holding *SS 2,800 9 Nuance Communications * 2,100 9 Agile Software * 1,200 9 Tripos * 400 9 Bottomline Technologies * 1,500 8 MAPICS * 1,500 8 TALX Corporation 440 8 Aspen Technology *SS 1,000 8 Liberate Technologies *SS 3,150 8 Synplicity * 1,800 8 Concord Communications * 500 8 NetScout Systems * 1,200 8 Inet Technologies * 1,200 8 OPNET Technologies * 900 8 MSC Software * 900 8 Embarcadero * 1,200 7 Timberline Software 1,300 7 Epicor Software * 4,400 7 Entrust Technologies * 2,500 7 Midway Games *SS 779 7 PLATO Learning * 666 7 Infogrames * 2,400 7 Novadigm * 900 7 NYFIX *SS 750 6 Acclaim Entertainment * 1,800 6 Viewpoint Corporation * 1,300 $ 6 Ansys * 300 6 Gerber Scientific * 1,700 6 Witness Systems * 800 6 Radisys * 500 6 Industri-Matematik * 9,600 6 ONYX Software * 1,700 6 QuadraMed * 800 6 Sanchez Computer Associates * 1,200 5 NEON Systems * 1,200 5 SeaChange International *SS 600 5 Digimarc * 500 5 QRS * 600 5 Lawson Software * 800 5 MapInfo * 475 4 Numerical Technologies * 1,000 4 Moldflow * 500 4 Indus International * 1,600 4 Secure Computing * 500 4 Roxio *SS 500 4 Inktomi * 4,000 4 Quality Systems * 200 3 Portal Software * 4,300 3 Phoenix Technologies * 300 3 Ansoft * 500 3 Caminus Corporation * 400 2 Mercator Software * 1,400 2 Peregrine Systems * 6,659 2 MetaSolv Software * 500 2 2,339 Total Information Technology 9,105 MATERIALS 3.5% Chemicals 1.4% Valspar SS 1,200 54 Valhi 3,300 52 Cabot 1,800 52 Minerals Technologies 1,000 49 Lyondell Chemical 3,100 $ 47 IMC Global 3,700 46 RPM 3,000 46 Crompton 3,424 44 Lubrizol 1,300 43 Albemarle 1,400 43 Scotts, Class A * 900 41 Cytec Industries * 1,200 38 Airgas * 2,000 35 Ferro 1,100 33 Georgia Gulf 1,200 32 FMC * 900 27 PolyOne 2,400 27 H.B. Fuller 920 27 NL Industries 1,600 24 Olin 1,100 24 Solutia 3,100 22 A. Schulman 1,000 21 Monsanto 1,200 21 Millennium Chemicals 1,500 21 Macdermid SS 900 19 Nanophase Technologies *SS 3,000 18 Spartech 600 16 Arch Chemicals 650 16 OMNOVA Solutions * 1,800 15 W. R. Grace * 4,000 12 Symyx Technologies * 850 12 Terra Nitrogen Com * 2,000 12 Chemfirst 400 11 International Specialty Products * 1,200 9 Valley National Gases * 1,200 9 CFC International * 1,600 7 Calgon Carbon 800 7 1,032 Construction Materials 0.3% Lafarge 1,900 67 Martin Marietta Materials 1,300 51 Florida Rock Industries 950 $ 34 Centex Construction Products 700 25 Texas Industries 800 25 Ameron International 150 11 U.S. Concrete * 1,300 9 Devcon International * 1,200 7 229 Containers & Packaging 0.7% Smurfit-Stone Container * 7,100 109 Sonoco Products 2,760 78 Packaging Corp. of America * 3,200 64 Owens-Illinois * 4,100 56 Aptargroup 1,100 34 Crown Cork & Seal *SS 4,800 33 Greif Bros., Class A 900 30 Silgan Holdings * 600 24 Ivex Packaging * 900 21 Caraustar 1,200 15 Rock-Tenn, Class A 700 13 Longview Fibre 1,100 10 Graphic Packaging International * 500 5 Jarden * 200 4 Chesapeake Corp. 100 3 499 Metals & Mining 0.8% Peabody Energy 1,600 45 CONSOL Energy 2,100 45 Arch Coal 1,700 39 Meridian Gold *SS 2,400 39 AK Steel * 2,844 36 GrafTech International * 2,200 27 Steel Dynamics * 1,400 23 Carpenter Technology 800 23 Massey 1,800 23 Royal Gold SS 1,600 22 Glamis Gold Limited *SS 2,300 20 Stillwater Mining *SS 1,200 20 NN 1,500 $ 19 Northwest Pipe * 700 16 USEC 1,800 16 Commercial Metals 300 14 Gibraltar Steel 600 13 Quanex 300 13 Liquidmetal Technologies SS++ 1,100 13 Century Aluminum 800 12 Universal Stainless & Alloy Products * 1,000 12 MAXXAM * 1,000 11 Ryerson Tull 900 10 Westmoreland Coal *SS 700 9 Cleveland-Cliffs 300 8 Steel Technologies 500 7 Oregon Steel Mills * 1,000 6 Synalloy 1,500 4 545 Paper & Forest Products 0.3% Bowater 1,600 87 Rayonier 800 39 Potlatch 600 20 Deltic Timber 500 17 P.H. Glatfelter 900 17 FiberMark * 1,800 15 Wausau-Mosinee Paper 1,100 13 Pope & Talbot 400 8 Buckeye Technologies * 600 6 Badger Paper Mills * 500 5 227 Total Materials 2,532 TELECOMMUNICATION SERVICES 0.9% Diversified Telecommunication Services 0.3% Level 3 Communications *SS 11,200 33 Commonwealth Telephone Enterprises * 700 28 Surewest Communications 400 21 Infonet Services, Class B * 8,500 21 Broadwing *SS 7,148 $ 19 PTEK Holdings * 2,700 16 IDT * 900 15 General Communications * 2,000 13 Intrado * 600 12 WorldCom * 82,600 10 ITXC * 1,800 9 CT Communications 500 8 US LEC, Class A *SS 3,000 7 Allegiance Telecom *SS 3,300 6 Hickory Technology 400 6 Time Warner Telecom, Class A *SS 3,160 5 Alaska Communications Systems Group * 1,000 5 XETA Technologies * 1,300 5 D&E Communications 209 2 McLeodUSA, Class A * 961 0 McLeodUSA Escrow *SSS 16,412 0 241 Wireless Telecommunication Services 0.6% Telephone and Data Systems 1,700 103 PanAmSat * 4,400 99 U. S. Cellular * 2,700 69 Price Communications * 1,634 26 Crown Castle International * 6,500 26 American Tower Systems, Class A * 4,500 15 Nextel Partners, Class A * 4,600 14 @Road *SS 2,200 14 Triton PCS Holdings, Class A * 2,700 10 Wireless Facilities * 2,000 10 Metro One Telecommunications * 650 9 Centennial Communication, Class A *SS 3,500 8 EMS Technologies * 400 8 Aether Systems *SS 1,900 6 Alamosa Holdings *SS 3,600 5 Boston Communications Group * 200 2 424 Total Telecommunication Services 665 UTILITIES 3.1% Electric Utilities 1.5% DPL 3,600 $ 95 Wisconsin Energy 3,400 86 Conectiv 2,700 70 Northeast Utilities 3,600 68 Potomac Electric Power 3,100 67 Allete 2,400 65 NSTAR 1,415 63 Alliant 2,100 54 OGE Energy 2,200 50 Puget Energy 2,400 50 Hawaiian Electric Industries 1,100 47 RGS Energy Group 1,100 43 WPS Resources SS 1,000 41 Black Hills 1,000 35 Great Plains Energy SS 1,500 30 IdaCorp 1,100 30 CH Energy Group 600 30 Public Service of New Mexico 1,100 27 DQE 1,900 27 Cleco 1,200 26 El Paso Electric * 1,400 19 United Illuminating 300 16 Otter Tail 500 16 Unisource Energy 800 15 Madison Gas and Electric 500 14 UNITIL Corp 400 12 Central Vermont Public Service 600 11 Empire District Electronics 500 10 XCEL Energy 600 10 Florida Public Utilities 400 7 1,134 Gas Utilities 0.7% National Fuel Gas Company 2,200 $ 50 ONEOK 1,800 40 Piedmont Natural Gas Company 1,000 37 Washington Gas & Light 1,300 34 AGL Resources 1,400 32 Kinder Morgan Management 1,056 32 Energen 1,100 30 Northwest Natural Gas 900 26 Southern Union 1,499 25 Atmos Energy 900 21 SEMCO Energy SS 2,100 19 New Jersey Resources 600 18 UGI 500 16 Southwest Gas 600 15 Laclede Gas 600 14 RGC Resources 700 13 Cascade Natural Gas 600 13 NUI 400 11 South Jersey Industries 300 10 Chesapeake Utilities 500 9 Southwestern Energy * 600 9 TC Pipelines * 300 7 481 Multi-Utilities & Unregulated Power 0.6% SCANA 2,810 87 Energy East 2,900 65 Questar 2,500 62 MDU Resources Group 2,000 52 Vectren 1,799 45 Western Resources 2,200 34 Aquila 3,088 25 Sierra Pacific Resources SS 2,500 19 NorthWestern SS 1,100 19 Avista 1,000 14 Reliant Resources *SS 1,500 13 435 Water Utilities 0.3% American Water Works 2,900 $ 125 Philadelphia Suburban 1,881 38 California Water Service Group 600 15 Connecticut Water Service 450 14 192 Total Utilities 2,242 Total Common Stocks (Cost $82,382) 68,818 SHORT-TERM INVESTMENTS 5.2% U.S. Government Obligations 0.5% U.S. Treasury Bills, 1.764%, 8/22/02 ** 400,000 399 399 Money Market Fund 4.7% T. Rowe Price Reserve Investment Fund, 1.95% # 3,415,826 3,416 3,416 Total Short-Term Investments (Cost $3,815) 3,815 Total Investments in Securities 99.3% of Net Assets (Cost $86,197) $72,633 FUTURES CONTRACTS - ----------------- Contract Unrealized Expiration Value Gain (Loss) ---------- --------- ----------- In thousands Long, 11 S&P Mid-Cap 400 Stock Index contracts, $146,000 of 1.764% U.S. Treasury Bills pledged as initial margin 9/02 $ 2,697 $ (78) Long, 2 NASDAQ 100 Stock Index contracts, $13,000 of 1.764% U.S. Treasury Bills pledged as initial margin 9/02 211 2 Long, 6 Russell 2000 Stock Index contracts, $111,000 of 1.764% U.S. Treasury Bills pledged as initial margin 9/02 1,390 4 Net payments (receipts) of variation margin to date 94 Variation margin receivable (payable) on open futures contracts 22 Other Assets Less Liabilities 484 NET ASSETS $73,139 # Seven-day yield * Non-income producing ** All or a portion of this security is pleged to cover margin requirements on futures contracts at June 30, 2002. SS All or a portion of this security is on loan at June 30, 2002 - See Note 2 ++ Security contains restrictions as to public resale pursuant to the Securities Act of 1933 and related rules -- total of such securities at period-end amounts to $26 and represents 0.0% of net assets S Security valued by the fund's Board of Directors REIT Real Estate Investment Trust The accompanying notes are an integral part of these financial statements. T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited June 30, 2002 STATEMENT OF ASSETS AND LIABILITIES - ----------------------------------- In thousands Assets Investments in securities, at value (cost $86,197) $ 72,633 Securities lending collateral 6,647 Other assets 664 Total assets 79,944 Liabilities Obligation to return securities lending collateral 6,647 Other liabilities 158 Total liabilities 6,805 NET ASSETS $ 73,139 Net Assets Consist of: Undistributed net investment income (loss) $ 224 Undistributed net realized gain (loss) (17,906) Net unrealized gain (loss) (13,636) Paid-in-capital applicable to 8,167,928 shares of $0.0001 par value capital stock outstanding; 1,000,000,000 shares of the Corporation authorized 104,457 NET ASSETS $ 73,139 NET ASSET VALUE PER SHARE $ 8.95 The accompanying notes are an integral part of these financial statements. T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited STATEMENT OF OPERATIONS - ----------------------- In thousands 6 Months Ended 6/30/02 Investment Income (Loss) Income Dividend $ 305 Interest 48 Securities lending 25 Total income 378 Investment management and administrative expense 154 Net investment income (loss) 224 REALIZED AND UNREALIZED GAIN (LOSS) Net realized gain (loss) Securities (9,269) Futures (143) Net realized gain (loss) (9,412) Change in net unrealized gain (loss) Securities 2,703 Futures (133) Change in net unrealized gain (loss) 2,570 Net realized and unrealized gain (loss) (6,842) INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS $ (6,618) The accompanying notes are an integral part of these financial statements. T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited STATEMENT OF CHANGES IN NET ASSETS In thousands 6 Months Year Ended Ended 6/30/02 12/31/01 Increase (Decrease) in Net Assets Operations Net investment income (loss) $ 224 $ 723 Net realized gain (loss) (9,412) (8,633) Change in net unrealized gain (loss) 2,570 (227) Increase (decrease) in net assets from operations (6,618) (8,137) Distributions to shareholders Net investment income - (736) Net realized gain - (1,330) Decrease in net assets from distributions - (2,066) Capital share transactions * Shares sold 17,697 37,434 Distributions reinvested - 1,997 Shares redeemed (15,272) (38,221) Redemption fees received 1 2 Increase (decrease) in net assets from capital share transactions 2,426 1,212 Net Assets Increase (decrease) during period (4,192) (8,991) Beginning of period 77,331 86,322 End of period $ 73,139 $ 77,331 *Share information Shares sold 1,833 3,746 Distributions reinvested - 211 Shares redeemed (1,583) (3,801) Increase (decrease) in shares outstanding 250 156 The accompanying notes are an integral part of these financial statements. T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited June 30, 2002 NOTES TO FINANCIAL STATEMENTS - ----------------------------- NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES - ---------------------------------------- T. Rowe Price Index Trust, Inc. (the corporation) is registered under the Investment Company Act of 1940. The Extended Equity Market Index Fund (the fund), a diversified, open-end management investment company, is one of the portfolios established by the corporation and commenced operations on January 30, 1998. The fund seeks to match the performance of the U.S. stocks not included in the Standard & Poor's 500 Stock Index(R), as represented by the Wilshire 4500 Completion Index. The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, which require the use of estimates made by fund management. VALUATION Equity securities listed or regularly traded on a securities exchange or in the over-the-counter market are valued at the last quoted sale price at the time the valuations are made. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day are valued at the mean of the latest bid and ask prices. Other equity securities are valued at a price within the limits of the latest bid and ask prices deemed by the Board of Directors, or by persons delegated by the Board, best to reflect fair value. Debt securities are generally traded in the over-the-counter market. Securities with original maturities of one year or more are valued at prices furnished by dealers who make markets in such securities or by an independent pricing service, which considers yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Securities with original maturities less than one year are valued at amortized cost in local currency, which approximates fair value when combined with accrued interest. Investments in mutual funds are valued at the closing net asset value per share of the mutual fund on the day of valuation. Financial futures contracts are valued at closing settlement prices. Assets and liabilities for which the above valuation procedures are inappropriate or are deemed not to reflect fair value are stated at fair value as determined in good faith by or under the supervision of the officers of the fund, as authorized by the Board of Directors. PREMIUMS AND DISCOUNTS Premiums and discounts on debt securities are amortized for financial reporting purposes. Redemption Fees A 0.5% fee is assessed on redemptions of fund shares held less than 6 months. Such fees are retained by the fund and have the primary effect of increasing paid in capital. OTHER Income and expenses are recorded on the accrual basis. Investment transactions are accounted for on the trade date. Realized gains and losses are reported on the identified cost basis. Dividend income and distributions to shareholders are recorded by the fund on the ex-dividend date. Payments ("variation margin") made or received by the fund to settle the daily fluctuations in the value of futures contracts are recorded as unrealized gains or losses until the contracts are closed. Unrealized gains and losses on futures contracts are included in Other assets and Other liabilities, respectively, and in Change in net unrealized gain or loss in the accompanying financial statements. NOTE 2 - INVESTMENT TRANSACTIONS - -------------------------------- Consistent with its investment objective, the fund engages in the following practices to manage exposure to certain risks or enhance performance. The investment objective, policies, program, and risk factors of the fund are described more fully in the fund's prospectus and Statement of Additional Information. FUTURES CONTRACTS During the six months ended June 30, 2002, the fund was a party to futures contracts, which provide for the future sale by one party and purchase by another of a specified amount of a specific financial instrument at an agreed upon price, date, time, and place. Risks arise from possible illiquidity of the futures market and from movements in security values. SECURITIES LENDING The fund lends its securities to approved brokers to earn additional income. It receives as collateral cash and U.S. government securities valued at 102% to 105% of the value of the securities on loan. Cash collateral is invested in a money market pooled account by the fund's lending agent. Collateral is maintained over the life of the loan in an amount not less than the value of loaned securities, as determined at the close of fund business each day; any additional collateral required due to changes in security values is delivered to the fund the next business day. Although risk is mitigated by the collateral, the fund could experience a delay in recovering its securities and a possible loss of income or value if the borrower fails to return the securities. At June 30, 2002, the value of loaned securities was $6,303,000; aggregate collateral consisted of $6,647,000 in the securities lending collateral pool. OTHER Purchases and sales of portfolio securities, other than short-term securities, aggregated $10,985,000 and $8,189,000, respectively, for the six months ended June 30, 2002. NOTE 3 - FEDERAL INCOME TAXES - ----------------------------- No provision for federal income taxes is required since the fund intends to continue to qualify as a regulated investment company and distribute to shareholders all of its taxable income and capital gains. Federal income tax regulations differ from generally accepted accounting principles; therefore, distributions determined in accordance with tax regulations may differ in amount or character from net investment income and realized gains for financial reporting purposes. Financial reporting records are adjusted for permanent book/tax differences to reflect tax character. Temporary differences are not adjusted. The amount and character of tax-basis distributions and composition of net assets are finalized at fiscal year-end; accordingly, tax-basis balances have not been determined as of June 30, 2002. The fund intends to retain realized gains to the extent of available capital loss carryforwards. As of December 31, 2001, the fund had $8,452,000 of unused capital loss carryforwards, of which $8,452,000 expire in 2009. At June 30, 2002, the cost of investments for federal income tax purposes was substantially the same as for financial reporting and totaled $86,197,000. Net unrealized loss aggregated $13,636,000 at period-end, of which $13,515,000 related to appreciated investments and $27,151,000 related to depreciated investments. NOTE 4- RELATED PARTY TRANSACTIONS - ---------------------------------- The fund is managed by T. Rowe Price Associates, Inc. (the manager or Price Associates), a wholly owned subsidiary of T. Rowe Price Group. The investment management and administrative agreement between the fund and the manager provides for an all-inclusive annual fee equal to 0.40% of the fund's average daily net assets. The fee is computed daily and paid monthly. The agreement provides that investment management, shareholder servicing, transfer agency, accounting, and custody services are provided to the fund, and interest, taxes, brokerage commissions, directors' fees and expenses, and extraordinary expenses are paid directly by the fund. At June 30, 2002, $57,000 was payable under the agreement. The fund may invest in the T. Rowe Price Reserve Investment Fund and T. Rowe Price Government Reserve Investment Fund collectively, the Reserve Funds), open-end management investment companies managed by Price Associates. The Reserve Funds are offered as cash management options only to mutual funds and other accounts managed by Price Associates and/or its affiliates, and are not available to the public. The Reserve Funds pay no investment management fees. Distributions from the Reserve Funds to the fund for the six months ended June 30, 2002, totaled $45,000 and are reflected as interest income in the accompanying Statement of Operations. T. ROWE PRICE MUTUAL FUNDS - -------------------------------------------------------------------------------- STOCK FUNDS BOND FUNDS MONEYMARKET FUNDS++ - ------------------------------------------------------------------------------ DOMESTIC DOMESTIC TAXABLE TAXABLE Blue Chip Growth* Corporate Income Prime Reserve Capital Appreciation GNMA Summit Cash Reserves Capital Opportunity High Yield* U.S. Treasury Money Developing Technologies New Income Diversified Small-Cap Short-Term Bond TAX-FREE Growth Spectrum Income California Tax-Free Dividend Growth Summit GNMA Money Equity Income* U.S. Bond Index Maryland Tax-Free Equity Index 500 U.S. Treasury Money Extended Equity Market Intermediate New York Tax-Free Money Index U.S. Treasury Summit Municipal Money Financial Services Long-Term Market Growth & Income Tax-Exempt Money Growth Stock* DOMESTIC TAX-FREE Health Sciences California Tax-Free INTERNATIONAL/GLOBAL Media & Telecommun Bond FUNDS -ications Florida Intermediate ----------------------- Mid-Cap Growth* Tax-Free STOCK Mid-Cap Value Georgia Tax-Free Bond Emerging Europe & New America Growth Maryland Short-Term Mediterranean New Era Tax-Free Bond Emerging Markets Stock New Horizons Maryland Tax-Free Bond European Stock Real Estate New Jersey Tax-Free Global Stock Science & Technology* Bond Global Technology Small-Cap Stock* New York Tax-Free Bond International Small-Cap Value*+ Summit Municipal Income Discovery+ Spectrum Growth Summit Municipal International Equity Tax-Efficient Growth Intermediate Index Tax-Efficient Multi-Cap Tax-Free High Yield International Growth Growth Tax-Free Income & Income Total Equity Market Index Tax-Free Intermediate International Stock* Value* Bond Japan Tax-Free Short- Latin America Intermediate New Asia BLENDED ASSET FUNDS Virginia Tax-Free Bond Spectrum International Balanced Personal Strategy Balanced BOND Personal Strategy Growth Emerging Markets Bond Personal Strategy Income International Bond* Tax-Efficient Balanced For more information about T. Rowe Price funds or services, please contact us directly at 1-800-225-5132. * T. Rowe Price Advisor Class available for these funds. The T. Rowe Price Advisor Class is offered only through financial intermediaries. For more information about T. Rowe Price Advisor Class funds, contact your financial professional or T. Rowe Price at 1-877-804-2315. + Closed to new investors. ++ Investments in the funds are not insured or guaranteed by the FDIC or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. Please call for a prospectus, which contains complete information, including risks, fees, and expenses. Read it carefully before investing. T. Rowe Price Investment Services, Inc. 100 East Pratt Street Baltimore, MD 21202 F24-051 6/30/02 -----END PRIVACY-ENHANCED MESSAGE-----