United States Securities and Exchange Commission Washington, DC 20549 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: December 31, 2000 Institutional Investment Manager Filing this Report: Name: Lockheed Martin Investment Management Company 6705 Rockledge Drive Suite 550 Bethesda, MD 20817 13F File Number #28-2847 Person signing this report on Behalf of Reporting Manager: Name: Wayne H. Shaner Title: Vice President Phone: 301-571-7127 Signature, Place, and Date of Signing: Wayne H. Shaner Bethesda, MD January 26, 2001 Report type: 13F Holdings Report List of other Managers reporting for this Manager: I am signing this report as required by the Securities Exchange Act of 1934. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- ----- ---- ACE Limited COM G0070K103 15914 375000 SH SOLE 375000 AEP Industries Inc. COM 001031103 57737 1292006 SH SOLE 1292006 AGCO Corporation COM 001084102 3941 325000 SH SOLE 325000 ASA Ltd. COM 002050102 5344 349000 SH SOLE 349000 AT&T Corporation COM 001957109 3881 225000 SH SOLE 225000 Airborne Freight Corporation COM 009266107 7312 750000 SH SOLE 750000 Alberto Culver Co. CL-A COM 013068200 6377 175000 SH SOLE 175000 Alleghany Corporation COM 017175100 4855 23623 SH SOLE 23623 Anadarko Pete Corp. COM 032511107 711 10000 SH SOLE 10000 Anglogold Limited Sponsored AD COM 035128206 10819 724312 SH SOLE 724312 Archer-Daniels-Midland COM 039483102 17250 1150000 SH SOLE 1150000 Battle Mountain Gold Co. COM 071593107 616 364760 SH SOLE 364760 Berkshire Hathaway Inc. Cl B COM 084670207 37664 16000 SH SOLE 16000 Bethlehem Steel COM 087509105 2625 1500000 SH SOLE 1500000 Birmingham Steel COM 091250100 500 500000 SH SOLE 500000 Boeing Company COM 097023105 3300 50000 SH SOLE 50000 Borden Chemical and Plastic COM 099541203 396 633000 SH SOLE 633000 Boston Scientific Corporation COM 101137107 8212 600000 SH SOLE 600000 Bowne & Company COM 103043105 8661 820000 SH SOLE 820000 Brookstone Inc. COM 114537103 6125 500000 SH SOLE 500000 Carpenter Technology COM 144285103 14000 400000 SH SOLE 400000 Caterpillar Inc. COM 149123101 11506 243200 SH SOLE 243200 Chubb Corp. COM 171232101 3460 40000 SH SOLE 40000 Circuit City Stores COM 172737108 4600 400000 SH SOLE 400000 Cleveland-Cliffs Inc. COM 185896107 6469 300000 SH SOLE 300000 Coeur D Alene Mines Corp. COM 192108108 244 260181 SH SOLE 260181 ConAgra Inc. COM 205887102 13000 500000 SH SOLE 500000 Conoco Inc. Cl A COM 208251306 5725 200000 SH SOLE 200000 Corn Products International In COM 219023108 11625 400000 SH SOLE 400000 Cott Corporation COM 22163n106 7625 1000000 SH SOLE 1000000 Deere & Co. COM 244199105 17180 375000 SH SOLE 375000 Dow Jones & Company, Inc. COM 260561105 2831 50000 SH SOLE 50000 Du Pont (E. I.) de Nemours COM 263534109 32611 675000 SH SOLE 675000 Eastman Kodak Corp. COM 277461109 4922 125000 SH SOLE 125000 Esg Re Limited COM g31215109 470 255000 SH SOLE 255000 Fleetwood Enterprises COM 339099103 7612 725000 SH SOLE 725000 Flour Corporation COM 343412102 6612 200000 SH SOLE 200000 Ford Motor Company COM 345370860 6146 262226 SH SOLE 262226 Gannett Company COM 364730101 26802 425000 SH SOLE 425000 Genuine Parts Co. COM 372460105 3273 125000 SH SOLE 125000 Gold Field Limited New, ADR COM 38059t106 999 285344 SH SOLE 285344 Grainger, W.W. Inc. COM 384802104 18250 500000 SH SOLE 500000 Halliburton COM 261597108 7069 195000 SH SOLE 195000 Hecla Mining Co. COM 422704106 219 438100 SH SOLE 438100 Hecla Mining Preferred Conv. COM 422704205 213 35500 SH SOLE 35500 Helmerich & Payne Inc. COM 423452101 21937 500000 SH SOLE 500000 Hershey Foods Corp. COM 427866108 8047 125000 SH SOLE 125000 Hillenbrand Industries COM 431573104 7158 139000 SH SOLE 139000 Homestake Mining Co. COM 437614100 6698 1599430 SH SOLE 1599430 Horace Mann COM 440327104 3206 150000 SH SOLE 150000 Hubbell Inc. Cl B COM 443510201 16562 625000 SH SOLE 625000 IMC Global, Inc. COM 449669100 20231 1300000 SH SOLE 1300000 Imperial Chemical - ADR COM 452704505 5390 160000 SH SOLE 160000 Imperial Oil COM 453038408 5260 200000 SH SOLE 200000 Intermet COM 45881K104 199 55000 SH SOLE 55000 International Paper Company COM 460146103 10203 250000 SH SOLE 250000 Kellogg Company COM 487836108 5250 200000 SH SOLE 200000 Kerr McGee Corp. COM 492386107 20081 300000 SH SOLE 300000 Kinross Gold Corp. COM 496902107 91 181618 SH SOLE 181618 LTV Corporation COM 501921100 332 964500 SH SOLE 964500 La-Z-Boy Inc. COM 505336107 3544 225000 SH SOLE 225000 Leucadia National Corp COM 527288104 5316 150000 SH SOLE 150000 Litton Industries Inc. COM 538021106 15737 200000 SH SOLE 200000 Loew's Corporation COM 540424108 33140 320000 SH SOLE 320000 Longview Fibre Company COM 543213102 4792 355000 SH SOLE 355000 Louisiana-Pacific Corporation COM 546347105 11137 1100000 SH SOLE 1100000 Mandalay Resort Group COM 562567107 3291 150000 SH SOLE 150000 Markel Corporation COM 570535104 7240 40000 SH SOLE 40000 Massey Energy Corporation COM 576206106 2550 200000 SH SOLE 200000 Mattel Inc. COM 577081102 7220 500000 SH SOLE 500000 May Department Stores Co. COM 577778103 6550 200000 SH SOLE 200000 McDonald's Corporation COM 580135101 8500 250000 SH SOLE 250000 Mead Corp. COM 582834107 9412 300000 SH SOLE 300000 Meridian Gold Inc. COM 302494109 1784 259500 SH SOLE 259500 Mesabi Trust COM 590672101 574 170000 SH SOLE 170000 Mississippi Chemical Corp. COM 605288208 3071 975000 SH SOLE 975000 Newmont Mining Corp. COM 651639106 13443 787869 SH SOLE 787869 Northrop Grumman Corp. COM 666807102 8300 100000 SH SOLE 100000 Old Republic International COM 680223104 27200 850000 SH SOLE 850000 Pep Boys COM 713278109 906 250000 SH SOLE 250000 Phelps Dodge COM 717265102 8372 150000 SH SOLE 150000 Phillip Morris Cos. COM 718154107 13200 300000 SH SOLE 300000 Phillips Petroleum Co. COM 718507106 17062 300000 SH SOLE 300000 Placer Dome, Inc. COM 725906101 11646 1210000 SH SOLE 1210000 Pope & Talbot COM 732827100 6725 400000 SH SOLE 400000 Potlatch Corp COM 737628107 8391 250000 SH SOLE 250000 Procter & Gamble COM 742718109 7844 100000 SH SOLE 100000 RPM Inc. (Ohio) COM 749685103 3639 425000 SH SOLE 425000 Railamerica Inc. COM 750753105 21015 2679162 SH SOLE 2679162 Rio Tinto Plc-Spon. ADR COM 767204100 1802 25000 SH SOLE 25000 Roadway Express Inc. COM 769742107 2119 100000 SH SOLE 100000 Royal Gold Inc. COM 780287108 1437 500000 SH SOLE 500000 SAFECO Corp. COM 786429100 16437 500000 SH SOLE 500000 San Juan Basin Rty Trust Unit COM 798241105 1894 150000 SH SOLE 150000 Sherwin-Williams Co. COM 824348106 4605 175000 SH SOLE 175000 St. Paul Companies COM 792860108 13850 255000 SH SOLE 255000 Tenneco Automotive Inc. COM 880349105 2250 750000 SH SOLE 750000 Thomas & Betts Corp. COM 884315102 6475 400000 SH SOLE 400000 Timken Company COM 887389104 8319 550000 SH SOLE 550000 Transportacion Maritima Mexica COM 893868208 45695 4154056 SH SOLE 4154056 Transportacion Maritima Mexica COM 893868307 35124 3697259 SH SOLE 3697259 Triarc Companies Inc. COM 895927101 42774 1763863 SH SOLE 1763863 UST Inc. COM 902911106 7016 250000 SH SOLE 250000 USX-U.S. Steel Group COM 90337T101 15367 853700 SH SOLE 853700 Union Pacific Corp COM 907818108 10150 200000 SH SOLE 200000 Valero Energy Corp COM 91913y100 14875 400000 SH SOLE 400000 Visteon Corporation COM 92839u107 331 28805 SH SOLE 28805 Volvo AB ADR COM 928856400 1650 100000 SH SOLE 100000 Washington Post - Cl B COM 939640108 11104 18000 SH SOLE 18000 Weyerhaeuser Co. COM 962166104 12687 250000 SH SOLE 250000 XL Capital LTD - CL A COM 982551056 29707 340000 SH SOLE 340000