UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2003
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Value Line Inc
Address: 220 East 42nd Street
New York, NY 10017
13F File Number: 28-00401
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David Henigson
Title: Vice President
Phone: 212-907-1600
Signature, Place, and Date of Signing:
/s/ David Henigson New York, NY January 26, 2004
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 1015
Form13F Information Table Value Total: $2,386,396 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
1 800 FLOWERS COM CL A 68243Q106 332 30000 SH DEFINED 0 30000 0
3M CO NOTE 11/2 88579YAB7 229 250000 PRN DEFINED 0 250000 0
3M CO COM 88579Y101 18094 212800 SH DEFINED 0 212800 0
AAIPHARMA INC COM 00252W104 1546 61500 SH DEFINED 0 61500 0
AARON RENTS INC COM 002535201 1164 57800 SH DEFINED 0 57800 0
ABAXIS INC COM 002567105 507 28000 SH DEFINED 0 28000 0
ABBOTT LABS COM 002824100 746 16000 SH DEFINED 0 16000 0
ABERCROMBIE & FITCH CO CL A 002896207 813 32900 SH DEFINED 0 32900 0
ACCENTURE LTD BERMUDA CL A G1150G111 1079 41000 SH DEFINED 0 41000 0
ACCREDO HEALTH INC COM 00437V104 1770 56000 SH DEFINED 0 56000 0
ACTIVISION INC NEW COM NEW 004930202 182 10000 SH DEFINED 0 10000 0
ACTUANT CORP CL A NEW 00508X203 2339 64600 SH DEFINED 0 64600 0
ACUITY BRANDS INC COM 00508Y102 1293 50100 SH DEFINED 0 50100 0
ADOBE SYS INC COM 00724F101 3322 85000 SH DEFINED 0 85000 0
ADOLOR CORP COM 00724X102 1039 52000 SH DEFINED 0 52000 0
ADVANCED AUTO PARTS INC COM 00751Y106 3411 41900 SH DEFINED 0 41900 0
ADVANCED DIGITAL INFORMATION COM 007525108 1366 97570 SH DEFINED 0 97570 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 798 40600 SH DEFINED 0 40600 0
ADVANCED MICRO DEVICES INC DBCV 4.750% 2/0 007903AE7 663 650000 PRN DEFINED 0 650000 0
ADVANCED NEUROMODULATION SYS COM 00757T101 2039 44350 SH DEFINED 0 44350 0
ADVANCEPCS COM 00790K109 2402 45500 SH DEFINED 0 45500 0
AEROPOSTALE COM 007865108 1552 56600 SH DEFINED 0 56600 0
AES TR III PFD CV 6.75% 00808N202 216 5000 SH DEFINED 0 5000 0
AETNA INC NEW COM 00817Y108 6758 100000 SH DEFINED 0 100000 0
AFFILIATED COMPUTER SERVICES CL A 008190100 833 15300 SH DEFINED 0 15000 300
AFFILIATED COMPUTER SERVICES NOTE 3.500% 2/1 008190AF7 443 350000 PRN DEFINED 0 350000 0
AGILENT TECHNOLOGIES INC COM 00846U101 6652 227500 SH DEFINED 0 227500 0
AGILENT TECHNOLOGIES INC DBCV 3.000%12/0 00846UAB7 492 450000 PRN DEFINED 0 450000 0
AGL RES INC COM 001204106 1385 47600 SH DEFINED 0 47600 0
AIRGAS INC COM 009363102 1968 91627 SH DEFINED 0 91627 0
AIRTRAN HLDGS INC COM 00949P108 190 16000 SH DEFINED 0 16000 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1165 108300 SH DEFINED 0 108300 0
ALABAMA NATL BANCORP DELA COM 010317105 247 4700 SH DEFINED 0 4700 0
ALARIS MEDICAL SYSTEMS INC COM 011637105 426 28000 SH DEFINED 0 28000 0
ALCATEL SPONSORED ADR 013904305 514 40000 SH DEFINED 0 40000 0
ALCON INC COM SHS H01301102 787 13000 SH DEFINED 0 13000 0
ALEXANDER & BALDWIN INC COM 014482103 675 20000 SH DEFINED 0 20000 0
ALIGN TECHNOLOGY INC COM 016255101 1331 80600 SH DEFINED 0 80600 0
ALLERGAN INC NOTE 11/0 018490AE2 238 250000 PRN DEFINED 0 250000 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 2987 107900 SH DEFINED 0 107900 0
ALLIANCE GAMING CORP COM NEW 01859P609 4134 167700 SH DEFINED 0 167700 0
ALLIANT ENERGY CORP COM 018802108 498 20000 SH DEFINED 0 20000 0
ALLIED WASTE INDS INC PFD SR C CONV 019589605 383 5000 SH DEFINED 0 5000 0
ALLSTATE CORP COM 020002101 774 18000 SH DEFINED 0 18000 0
ALTIRIS INC COM 02148M100 1758 48200 SH DEFINED 0 48200 0
ALVARION LTD SHS M0861T100 820 71000 SH DEFINED 0 71000 0
ALZA CORP SDCV 0. 07/2 02261WAA7 145 200000 PRN DEFINED 0 200000 0
AMCOL INTL CORP COM 02341W103 528 26000 SH DEFINED 0 26000 0
AMDOCS LTD ORD G02602103 3709 165000 SH DEFINED 0 165000 0
AMERADA HESS CORP COM 023551104 744 14000 SH DEFINED 0 14000 0
AMEREN CORP COM 023608102 1058 23000 SH DEFINED 0 23000 0
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 637 23300 SH DEFINED 0 23300 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 6148 152100 SH DEFINED 0 151800 300
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 525 32000 SH DEFINED 0 32000 0
AMERICAN ELEC PWR INC COM 025537101 458 15000 SH DEFINED 0 15000 0
AMERICAN FINL GROUP INC OHIO COM 025932104 3810 144000 SH DEFINED 0 144000 0
AMERICAN GREETINGS CORP CL A 026375105 394 18000 SH DEFINED 0 18000 0
AMERICAN INTL GROUP INC COM 026874107 21910 330566 SH DEFINED 0 328021 2545
AMERICAN PHARMACEUTICALS PTN COM 02886P109 383 11400 SH DEFINED 0 11400 0
AMERICAN PWR CONVERSION CORP COM 029066107 3308 135000 SH DEFINED 0 135000 0
AMERICAN STD COS INC DEL COM 029712106 7754 77000 SH DEFINED 0 77000 0
AMERICAN TOWER CORP NOTE 5.000% 2/1 029912AF9 333 350000 PRN DEFINED 0 350000 0
AMERISOURCE HEALTH CORP NOTE 5.000%12/0 03071PAD4 420 350000 PRN DEFINED 0 350000 0
AMERISOURCEBERGEN CORP COM 03073E105 2808 50000 SH DEFINED 0 50000 0
AMERITRADE HLDG CORP NEW COM 03074K100 4371 309800 SH DEFINED 0 309800 0
AMETEK INC NEW COM 031100100 1071 22200 SH DEFINED 0 22200 0
AMGEN INC COM 031162100 12733 206068 SH DEFINED 0 200668 5400
AMGEN INC NOTE 3/0 031162AC4 151 200000 PRN DEFINED 0 200000 0
AMKOR TECHNOLOGY INC COM 031652100 4803 264800 SH DEFINED 0 264800 0
AMKOR TECHNOLOGY INC NOTE 5.750% 6/0 031652AN0 354 350000 PRN DEFINED 0 350000 0
AMPHENOL CORP NEW CL A 032095101 1100 17200 SH DEFINED 0 17200 0
AMYLIN PHARMACEUTICALS INC COM 032346108 1469 66100 SH DEFINED 0 66100 0
ANADARKO PETE CORP COM 032511107 1352 26500 SH DEFINED 0 26500 0
ANCHOR BANCORP WIS INC COM 032839102 344 13800 SH DEFINED 0 13800 0
ANDREW CORP COM 034425108 1032 89000 SH DEFINED 0 89000 0
ANGIOTECH PHARMACEUTICALS IN COM 034918102 2960 64500 SH DEFINED 0 64500 0
ANGLOGOLD LTD SPONSORED ADR 035128206 934 20000 SH DEFINED 0 20000 0
ANHEUSER BUSCH COS INC COM 035229103 4931 93600 SH DEFINED 0 93600 0
ANNTAYLOR STORES CORP SDCV 0.550% 6/1 036115AC7 261 350000 PRN DEFINED 0 350000 0
ANSYS INC COM 03662Q105 1028 25900 SH DEFINED 0 25900 0
ANTEON INTL CORP COM 03674E108 1572 43600 SH DEFINED 0 43600 0
ANTHEM INC COM 03674B104 1575 21000 SH DEFINED 0 21000 0
APACHE CORP COM 037411105 21373 263535 SH DEFINED 0 260560 2975
APOLLO GROUP INC CL A 037604105 14394 212275 SH DEFINED 0 212275 0
APPLEBEES INTL INC COM 037899101 5490 139543 SH DEFINED 0 139543 0
APPLERA CORP COM CE GEN GRP 038020202 209 15000 SH DEFINED 0 15000 0
APPLICA INC COM 03815A106 236 31000 SH DEFINED 0 31000 0
APPLIED SIGNAL TECHNOLOGY IN COM 038237103 804 34700 SH DEFINED 0 34700 0
APRIA HEALTHCARE GROUP INC COM 037933108 2989 105000 SH DEFINED 0 105000 0
AQUANTIVE INC COM 03839G105 507 49500 SH DEFINED 0 49500 0
ARAMARK CORP CL B 038521100 603 22000 SH DEFINED 0 22000 0
ARBITRON INC COM 03875Q108 1389 33300 SH DEFINED 0 33300 0
ARCH CAP GROUP LTD ORD G0450A105 458 11500 SH DEFINED 0 11500 0
ARCH COAL INC PFD CV 5% PERP 039380209 256 3000 SH DEFINED 0 3000 0
ARKANSAS BEST CORP DEL COM 040790107 1296 41200 SH DEFINED 0 41200 0
ASPECT COMMUNICATIONS CORP COM 04523Q102 1780 113000 SH DEFINED 0 113000 0
ASSOCIATED BANC CORP COM 045487105 1284 30000 SH DEFINED 0 30000 0
AT HOME CORP NOTE 4.750 12/1 045919AD9 70 500000 PRN DEFINED 0 500000 0
AT RD INC COM 04648K105 511 38400 SH DEFINED 0 38400 0
ATI TECHNOLOGIES INC COM 001941103 1104 73000 SH DEFINED 0 73000 0
AU OPTRONICS CORP SPONSORED ADR 002255107 727 61000 SH DEFINED 0 61000 0
AUGUST TECHNOLOGY CORP COM 05106U105 391 21000 SH DEFINED 0 21000 0
AUTHENTIDATE HLDG CORP COM 052666104 121 10200 SH DEFINED 0 10200 0
AUTOBYTEL INC COM 05275N106 182 20000 SH DEFINED 0 20000 0
AUTOLIV INC COM 052800109 6965 185000 SH DEFINED 0 185000 0
AUTOZONE INC COM 053332102 3494 41000 SH DEFINED 0 41000 0
AVAYA INC COM 053499109 1100 85000 SH DEFINED 0 85000 0
AVERY DENNISON CORP COM 053611109 840 15000 SH DEFINED 0 15000 0
AVID TECHNOLOGY INC COM 05367P100 2520 52500 SH DEFINED 0 52500 0
AVOCENT CORP COM 053893103 438 12000 SH DEFINED 0 12000 0
AVON PRODS INC COM 054303102 20490 303600 SH DEFINED 0 303600 0
AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 192 200000 PRN DEFINED 0 200000 0
BALL CORP COM 058498106 3145 52800 SH DEFINED 0 52800 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 610 12500 SH DEFINED 0 12500 0
BANCORPSOUTH INC COM 059692103 958 40400 SH DEFINED 0 40400 0
BANK HAWAII CORP COM 062540109 5056 119800 SH DEFINED 0 119800 0
BANK MONTREAL QUE COM 063671101 1115 27000 SH DEFINED 0 27000 0
BANK MUTUAL CORP NEW COM 063750103 426 37418 SH DEFINED 0 37418 0
BANK OF THE OZARKS INC COM 063904106 469 20800 SH DEFINED 0 20800 0
BANK ONE CORP COM 06423A103 729 16000 SH DEFINED 0 16000 0
BANKATLANTIC BANCORP CL A 065908501 969 51000 SH DEFINED 0 51000 0
BANKNORTH GROUP INC NEW COM 06646R107 2049 63000 SH DEFINED 0 63000 0
BANKUNITED FINL CORP CL A 06652B103 467 18100 SH DEFINED 0 18100 0
BARD C R INC COM 067383109 2949 36300 SH DEFINED 0 36300 0
BARNES & NOBLE INC NOTE 5.250 3/1 067774AC3 378 350000 PRN DEFINED 0 350000 0
BARR LABS INC COM 068306109 462 6000 SH DEFINED 0 6000 0
BAUSCH & LOMB INC COM 071707103 623 12000 SH DEFINED 0 12000 0
BAXTER INTL INC CORP UNITS 7% 071813406 442 8000 SH DEFINED 0 8000 0
BAXTER INTL INC COM 071813109 458 15000 SH DEFINED 0 15000 0
BB&T CORP COM 054937107 5058 130900 SH DEFINED 0 130900 0
BEAR STEARNS COS INC COM 073902108 2990 37400 SH DEFINED 0 37400 0
BECKMAN COULTER INC COM 075811109 813 16000 SH DEFINED 0 16000 0
BECTON DICKINSON & CO COM 075887109 494 12000 SH DEFINED 0 12000 0
BED BATH & BEYOND INC COM 075896100 13855 319600 SH DEFINED 0 312100 7500
BEMIS INC COM 081437105 850 17000 SH DEFINED 0 17000 0
BENNETT ENVIRONMENTAL INC COM 081906109 492 23800 SH DEFINED 0 23800 0
BERKLEY W R CORP COM 084423102 4786 136950 SH DEFINED 0 136950 0
BEST BUY INC COM 086516101 14925 285700 SH DEFINED 0 277000 8700
BEST BUY INC DBCV 0.684% 6/2 086516AD3 338 450000 PRN DEFINED 0 450000 0
BHA GROUP HLDGS INC COM 055446108 553 22000 SH DEFINED 0 22000 0
BHP BILLITON LTD SPONSORED ADR 088606108 676 37000 SH DEFINED 0 37000 0
BIO RAD LABS INC CL A 090572207 1038 18000 SH DEFINED 0 18000 0
BIOMET INC COM 090613100 4852 133950 SH DEFINED 0 130750 3200
BIOVAIL CORP COM 09067J109 288 13400 SH DEFINED 0 13000 400
BJS WHOLESALE CLUB INC COM 05548J106 459 20000 SH DEFINED 0 20000 0
BLACK & DECKER CORP COM 091797100 592 12000 SH DEFINED 0 12000 0
BOK FINL CORP COM NEW 05561Q201 377 9728 SH DEFINED 0 9728 0
BOMBAY CO INC COM 097924104 179 22000 SH DEFINED 0 22000 0
BOSTON SCIENTIFIC CORP COM 101137107 5882 160000 SH DEFINED 0 160000 0
BRADLEY PHARMACEUTICALS INC COM 104576103 826 32500 SH DEFINED 0 32500 0
BRIGHT HORIZON FAMILY SOLUTI COM 109195107 286 6800 SH DEFINED 0 6800 0
BRINKER INTL INC COM 109641100 9058 273150 SH DEFINED 0 273150 0
BRISTOL MYERS SQUIBB CO COM 110122108 895 31300 SH DEFINED 0 31300 0
BROOKLINE BANCORP INC DEL COM 11373M107 1022 66600 SH DEFINED 0 66600 0
BROWN & BROWN INC COM 115236101 359 11000 SH DEFINED 0 11000 0
BROWN SHOE INC NEW COM 115736100 1138 30000 SH DEFINED 0 30000 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 544 12000 SH DEFINED 0 12000 0
BUNGE LIMITED COM G16962105 2568 78000 SH DEFINED 0 78000 0
BURLINGTON RES INC COM 122014103 1108 20000 SH DEFINED 0 20000 0
C H ROBINSON WORLDWIDE INC COM 12541W100 3022 79725 SH DEFINED 0 75800 3925
CABOT CORP COM 127055101 414 13000 SH DEFINED 0 13000 0
CACI INTL INC CL A 127190304 3107 63900 SH DEFINED 0 63900 0
CADBURY SCHWEPPES PLC ADR 127209302 523 17500 SH DEFINED 0 17500 0
CADENCE DESIGN SYSTEM INC COM 127387108 1798 100000 SH DEFINED 0 100000 0
CALIFORNIA MICRO DEVICES COR COM 130439102 452 49497 SH DEFINED 0 49497 0
CALIFORNIA WTR SVC GROUP COM 130788102 688 25100 SH DEFINED 0 25100 0
CALLAWAY GOLF CO COM 131193104 421 25000 SH DEFINED 0 25000 0
CANADIAN NAT RES LTD COM 136385101 1337 26500 SH DEFINED 0 26500 0
CANADIAN NATL RY CO COM 136375102 2930 46300 SH DEFINED 0 46300 0
CANADIAN PAC RY LTD COM 13645T100 725 25750 SH DEFINED 0 25750 0
CAPITAL AUTOMOTIVE REIT COM SH BEN INT 139733109 1162 36300 SH DEFINED 0 36300 0
CAPITAL ONE FINL CORP COM 14040H105 7514 122600 SH DEFINED 0 121600 1000
CARDINAL HEALTH INC COM 14149Y108 734 12000 SH DEFINED 0 12000 0
CAREER EDUCATION CORP COM 141665109 16503 410000 SH DEFINED 0 410000 0
CAREMARK RX INC COM 141705103 3293 130000 SH DEFINED 0 130000 0
CARLISLE COS INC COM 142339100 578 9500 SH DEFINED 0 9500 0
CARNIVAL CORP DBCV 2.000 4/1 143658AM4 353 300000 PRN DEFINED 0 300000 0
CARPENTER TECHNOLOGY CORP COM 144285103 532 18000 SH DEFINED 0 18000 0
CARRIER ACCESS CORP COM 144460102 176 14000 SH DEFINED 0 14000 0
CASH AMER INTL INC COM 14754D100 487 23000 SH DEFINED 0 23000 0
CATELLUS DEV CORP NEW COM 149113102 651 27000 SH DEFINED 0 27000 0
CATHAY GENERAL BANCORP COM 149150104 302 5400 SH DEFINED 0 5400 0
CATO CORP NEW CL A 149205106 615 30000 SH DEFINED 0 30000 0
CBL & ASSOC PPTYS INC COM 124830100 2288 40500 SH DEFINED 0 40500 0
CBRL GROUP INC COM 12489V106 4272 111600 SH DEFINED 0 111600 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 350 7000 SH DEFINED 0 7000 0
CEC ENTMT INC COM 125137109 6023 127100 SH DEFINED 0 127100 0
CELESTICA INC NOTE 8/0 15101QAA6 529 1000000 PRN DEFINED 0 1000000 0
CELGENE CORP NOTE 1.750 6/0 151020AB0 239 200000 PRN DEFINED 0 200000 0
CEMEX S A SPON ADR 5 ORD 151290889 792 30216 SH DEFINED 0 30216 0
CENDANT CORP DBCV 3.875%11/2 151313AN3 378 350000 PRN DEFINED 0 350000 0
CENTENE CORP DEL COM 15135B101 555 19800 SH DEFINED 0 19800 0
CENTERPOINT ENERGY INC COM 15189T107 339 35000 SH DEFINED 0 35000 0
CENTEX CORP COM 152312104 8095 75200 SH DEFINED 0 72500 2700
CENTRAL EUROPEAN DIST CORP COM 153435102 395 12500 SH DEFINED 0 12500 0
CENTRAL GARDEN & PET CO COM 153527106 437 15600 SH DEFINED 0 15600 0
CENTRAL PAC FINL CORP COM 154760102 276 9200 SH DEFINED 0 9200 0
CENTURYTEL INC COM 156700106 555 17000 SH DEFINED 0 17000 0
CEPHALON INC NOTE 2.500%12/1 156708AE9 238 250000 PRN DEFINED 0 250000 0
CHARLES RIV LABORATORIES INC DBCV 3.500% 2/0 159863AL3 213 200000 PRN DEFINED 0 200000 0
CHARLES RIVER ASSOCIATES COM 159852102 329 10300 SH DEFINED 0 10300 0
CHARMING SHOPPES INC NOTE 4.750% 6/0 161133AC7 240 250000 PRN DEFINED 0 250000 0
CHARTER ONE FINL INC COM 160903100 5771 167039 SH DEFINED 0 167039 0
CHARTERMAC SH BEN INT 160908109 423 20000 SH DEFINED 0 20000 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 422 25000 SH DEFINED 0 25000 0
CHELSEA PPTY GROUP INC COM 163421100 2209 40300 SH DEFINED 0 40300 0
CHESAPEAKE CORP COM 165159104 373 14100 SH DEFINED 0 14100 0
CHESAPEAKE ENERGY CORP COM 165167107 1385 102000 SH DEFINED 0 102000 0
CHEVRONTEXACO CORP COM 166764100 1469 17000 SH DEFINED 0 17000 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 584 20200 SH DEFINED 0 20200 0
CHICOS FAS INC COM 168615102 4441 120200 SH DEFINED 0 120200 0
CHIRON CORP COM 170040109 4330 76000 SH DEFINED 0 76000 0
CHOICE HOTELS INTL INC COM 169905106 1107 31400 SH DEFINED 0 31400 0
CHURCH & DWIGHT INC COM 171340102 871 22000 SH DEFINED 0 22000 0
CINERGY CORP COM 172474108 660 17000 SH DEFINED 0 17000 0
CISCO SYS INC COM 17275R102 25038 1033350 SH DEFINED 0 1032600 750
CIT GROUP INC COM 125581108 755 21000 SH DEFINED 0 21000 0
CITIGROUP INC COM 172967101 25491 525149 SH DEFINED 0 519699 5450
CITRIX SYS INC SDCV 3/2 177376AB6 92 200000 PRN DEFINED 0 200000 0
CITY HLDG CO COM 177835105 393 11200 SH DEFINED 0 11200 0
CITY NATL CORP COM 178566105 1391 22400 SH DEFINED 0 22400 0
CLAIRES STORES INC COM 179584107 923 49000 SH DEFINED 0 49000 0
CLARCOR INC COM 179895107 1446 32800 SH DEFINED 0 32800 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 4777 102000 SH DEFINED 0 102000 0
COACH INC COM 189754104 8622 228400 SH DEFINED 0 228400 0
COBALT CORP COMMON 19074W100 353 18000 SH DEFINED 0 18000 0
COCA COLA CO COM 191216100 381 7500 SH DEFINED 0 7500 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 13508 295965 SH DEFINED 0 291690 4275
COGNOS INC COM 19244C109 2816 92000 SH DEFINED 0 92000 0
COLGATE PALMOLIVE CO COM 194162103 891 17800 SH DEFINED 0 13800 4000
COLUMBIA LABS INC COM 197779101 145 23000 SH DEFINED 0 23000 0
COLUMBIA SPORTSWEAR CO COM 198516106 1330 24400 SH DEFINED 0 24400 0
COLUMBUS MCKINNON CORP N Y COM 199333105 719 83200 SH DEFINED 0 83200 0
COMMERCE BANCORP INC NJ COM 200519106 5624 106750 SH DEFINED 0 100000 6750
COMMERCE BANCSHARES INC COM 200525103 1659 33845 SH DEFINED 0 33845 0
COMMERCIAL CAP BANCORP INC COM 20162L105 591 27600 SH DEFINED 0 27600 0
COMMUNITY FIRST BANKSHARES I COM 203902101 744 25700 SH DEFINED 0 25700 0
COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 585 10000 SH DEFINED 0 10000 0
COMPASS BANCSHARES INC COM 20449H109 2518 64000 SH DEFINED 0 64000 0
COMPUTER ASSOC INTL INC NOTE 5.000% 3/1 204912AR0 387 300000 PRN DEFINED 0 300000 0
COMPUTER SCIENCES CORP COM 205363104 752 17000 SH DEFINED 0 17000 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 1146 39800 SH DEFINED 0 39800 0
CONAGRA FOODS INC COM 205887102 744 28200 SH DEFINED 0 28200 0
CONCUR TECHNOLOGIES INC COM 206708109 194 20000 SH DEFINED 0 20000 0
CONNECTICUT BANCSHARES INC COM 207540105 361 7000 SH DEFINED 0 7000 0
CONOCOPHILLIPS COM 20825C104 787 12000 SH DEFINED 0 12000 0
CONSOLIDATED EDISON INC COM 209115104 774 18000 SH DEFINED 0 18000 0
CONSTELLATION BRANDS INC CL A 21036P108 9998 303600 SH DEFINED 0 302800 800
CONTINENTAL AIRLS INC NOTE 4.500% 2/0 210795PD6 177 200000 PRN DEFINED 0 200000 0
CONTINENTAL AIRLS INC CL B 210795308 1302 80000 SH DEFINED 0 80000 0
COOPER COS INC COM NEW 216648402 4581 97200 SH DEFINED 0 97200 0
COORS ADOLPH CO CL B 217016104 449 8000 SH DEFINED 0 8000 0
CORINTHIAN COLLEGES INC COM 218868107 2429 43762 SH DEFINED 0 43762 0
CORNING INC NOTE 3.500%11/0 219350AK1 310 250000 PRN DEFINED 0 250000 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 4130 88500 SH DEFINED 0 88500 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 1274 44200 SH DEFINED 0 44200 0
COSTAR GROUP INC COM 22160N109 209 5000 SH DEFINED 0 5000 0
COSTCO COMPANIES INC NOTE 8/1 22160QAC6 254 300000 PRN DEFINED 0 300000 0
COSTCO WHSL CORP NEW COM 22160K105 617 16600 SH DEFINED 0 16600 0
COTT CORP QUE COM 22163N106 5395 192600 SH DEFINED 0 192600 0
COUNTRYWIDE FINANCIAL CORP COM 222372104 13147 173332 SH DEFINED 0 173332 0
COVENTRY HEALTH CARE INC COM 222862104 2206 34200 SH DEFINED 0 34200 0
CP HOLDRS DEP RCPTS CP 12616K106 8023 136000 SH DEFINED 0 136000 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 160 13000 SH DEFINED 0 13000 0
CROWN CASTLE INTL CORP COM 228227104 370 33500 SH DEFINED 0 33500 0
CSK AUTO CORP COM 125965103 569 30300 SH DEFINED 0 30300 0
CUBIC CORP COM 229669106 1357 59000 SH DEFINED 0 59000 0
CULP INC COM 230215105 371 34000 SH DEFINED 0 34000 0
CUNO INC COM 126583103 410 9100 SH DEFINED 0 9100 0
CURTISS WRIGHT CORP COM 231561101 441 9800 SH DEFINED 0 9800 0
CVS CORP COM 126650100 9114 252336 SH DEFINED 0 252336 0
CYMER INC NOTE 3.500% 2/1 232572AE7 231 200000 PRN DEFINED 0 200000 0
CYPRESS BIOSCIENCES INC COM PAR $.02 232674507 586 39000 SH DEFINED 0 39000 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 1709 80000 SH DEFINED 0 80000 0
DADE BEHRING HLDGS INC COM 23342J206 1340 37500 SH DEFINED 0 37500 0
DANAHER CORP DEL COM 235851102 13221 144100 SH DEFINED 0 144100 0
DAVITA INC COM 23918K108 2830 72571 SH DEFINED 0 72571 0
DEAN FOODS CO NEW COM 242370104 5701 173436 SH DEFINED 0 173436 0
DECODE GENETICS INC COM 243586104 152 18500 SH DEFINED 0 18500 0
DELL INC COM 24702R101 23679 696850 SH DEFINED 0 687100 9750
DELPHI CORP COM 247126105 102 10000 SH DEFINED 0 10000 0
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