 |
Annual Report 1998 |
|
PORTFOLIO REVIEW |
|
| Ten Largest Portfolio Holdings (12/31/98) |
|
|
|
Market Value |
|
% of Net Assets |
|
| General Electric Co. |
|
$66,810,000 |
|
4.0 |
|
| Solectron Corp. |
|
$55,762,500 |
|
3.3 |
|
| Cisco Systems Inc. |
|
$43,505,859 |
|
2.6 |
|
| American International Group, Inc. |
|
$39,133,125 |
|
2.3 |
|
| Nokia Corp. Pfd. ADR |
|
$36,131,250 |
|
2.1 |
|
| Petroleum & Resources Corporation* |
|
$35,083,081 |
|
2.1 |
|
| MCI WorldCom, Inc. |
|
$30,135,000 |
|
1.8 |
|
| Lilly (Eli) & Co. |
|
$27,551,250 |
|
1.6 |
|
| Qwest Communications International, Inc. |
|
$26,382,800 |
|
1.6 |
|
| ALZA Corp. |
|
$26,125,000 |
|
1.5 |
|
|
|
|
|
| Total |
|
$386,619,865 |
|
22.9 |
|
* Non-controlled affiliate |
|
|
|
| Sector Weightings (12/31/98) |
|
 |
|
