 |
Annual Report 1996 |
|
SCHEDULE OF INVESTMENTS (continued)
December 31, 1997 |
|
|
|
|
Prin. Amt.
or Shares |
|
Value (A) |
| Health
Care — 9.3% |
|
|
|
|
| Drugs
— 4.7% |
|
|
|
|
|
Elan Corp., plc ADR (C) |
|
460,000 |
|
$15,295,000 |
|
Lilly (Eli) & Co. |
|
169,200 |
|
12,351,600 |
|
Merck & Co., Inc. |
|
170,000 |
|
13,536,250 |
|
SmithKline Beecham plc ADR |
|
180,000 |
|
12,240,000 |
|
|
|
|
|
|
|
|
|
|
|
53,422,850 |
|
| Medical
Supplies and Services — 4.6% |
|
|
|
|
|
Abbott Laboratories |
|
290,000 |
|
14,717,500 |
|
Allergan, Inc. |
|
151,300 |
|
5,390,063 |
|
Beckman Instruments, Inc. |
|
175,000 |
|
6,715,625 |
|
Integrated Health Services, Inc.
5.75%
Conv. Sub. Debs. due 2001 |
|
$6,675,000 |
|
6,441,375 |
|
Integrated Health Services, Inc. 6%
Conv.
Sub. Debs. due 2003 |
|
$500,000 |
|
485,000 |
|
Life Technologies, Inc. |
|
307,500 |
|
7,687,500† |
|
MedPartners Inc. (C) |
|
373,000 |
|
7,739,750 |
|
ONCOR, Inc. (C) |
|
900,000 |
|
3,600,000 |
|
|
|
|
|
|
|
|
|
|
|
52,776,813 |
|
| Technology
— 15.0% |
|
|
|
|
| Communication
Equipment — 4.2% |
|
|
|
|
|
Ericsson (L.M.) Telephone Co. 4.25%
Conv.
Sub. Debs. due 2000 |
|
$120,000 |
|
502,560† |
|
Ericsson (L.M.) Telephone Co. ADR |
|
440,000 |
|
13,282,500† |
|
Lucent Technologies Inc. |
|
64,816 |
|
2,997,740 |
|
Motorola, Inc. LYONs due 2009 |
|
$650,000 |
|
728,000 |
|
Motorola, Inc. |
|
160,000 |
|
9,800,000 |
|
Nokia Corp. Pfd. ADR |
|
150,000 |
|
8,643,750 |
|
Northern Telecom Ltd. |
|
190,000 |
|
11,756,250 |
|
|
|
|
|
|
|
|
|
|
|
47,710,800 |
|
| Computer
Related —7.2% |
|
|
|
|
|
Computer Sciences Corp.(C) |
|
136,000 |
|
11,169,000 |
|
DST Systems Inc. (C) |
|
175,000 |
|
5,490,625 |
|
Electronic Data Systems Corp. |
|
168,936 |
|
7,306,482 |
|
First Data Corp. |
|
343,980 |
|
12,555,270 |
|
Keane, Inc. (C) |
|
350,000 |
|
11,112,500 |
|
QuickResponse Services, Inc. (C) |
|
218,000 |
|
6,213,000† |
|
Sabre Group Holdings, Inc. (C) |
|
425,000 |
|
11,846,875 |
|
Sterling Commerce, Inc. (C) |
|
304,657 |
|
10,739,159 |
|
Sterling Software, Inc. (C) |
|
185,000 |
|
5,850,625 |
|
|
|
|
|
|
|
|
|
|
|
82,283,536 |
|
| Electronics
— 3.6% |
|
|
|
|
|
Intel Corp. |
|
85,000 |
|
11,129,688† |
|
Itron, Inc. (C) |
|
226,000 |
|
4,011,500† |
|
Solectron Corp. (C) |
|
300,000 |
|
16,012,500 |
|
Verifone, Inc. (C) |
|
312,500 |
|
9,218,750 |
|
|
|
|
|
|
|
|
|
|
|
40,372,438 |
|
|
