|
PORTFOLIO REVIEW
| Ten Largest
Portfolio Holdings (12/31/99) |
|
|
Market Value |
 |
% of Net Assets |
| Royal Dutch Petroleum Co. |
|
$ 51,478,127 |
|
9.1 |
| Exxon Mobil Corp. |
|
48,920,043 |
|
8.7 |
| General Electric Co. |
|
30,950,000 |
|
5.5 |
| Enron Corp. $13.65 Conv. Pfd. Ser.
J |
|
27,863,063 |
|
4.9 |
| BP Amoco plc ADR |
|
23,725,000 |
|
4.2 |
| Schlumberger Ltd. |
|
12,875,075 |
|
2.3 |
| "Shell" Transport and Trading
Co. plc ADR |
|
11,760,000 |
|
2.1 |
| Kerr McGee Corp. |
|
11,237,686 |
|
2.0 |
| Chevron Corp.plc
ADR |
|
10,395,000 |
|
1.8 |
| Texaco Inc.plc
ADR |
|
10,144,217 |
|
1.8 |
|
|
|
|
TOTAL
|
|
$239,348,211 |
|
42.4% |
|
| Sector Weightings (12/31/99) |
|
