UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2005
Check here if Amendment [ ]; Amendment Number: _______________
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95052-8119
Form 13F File Number: 28-04527
Person Signing this Report on Behalf of Reporting Manager:
Ravi Jacob, Vice President, Finance and Enterprise Services, and
Treasurer (408) 765-1168
---------------------------------------------------------------
ATTENTION--Intentional misstatements or omissions of facts
constitute Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a)
---------------------------------------------------------------
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.
Signature, Place and Date of Signing:
/S/Ravi Jacob Santa Clara, California May 16, 2005
-------------------
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other manager(s).)
Form 13F SUMMARY PAGE
REPORTING MANAGER: INTEL CORPORATION
Report Summary:
Number of Other Included Managers: -1-
Form 13F Information Table Entry Total: 367
Form 13F Information Table Value Total: $317,441,667
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
1. INTEL CAPITAL CORPORATION
3/31/05
FORM 13F INFORMATION TABLE
REPORTING MANAGER: INTEL CORPORATION
ITEM 4: ITEM 5:
FAIR SHARES ITEM 8:
ITEM 2: ITEM 3: MARKET OR ITEM 6: VOTING AUTHORITY
ITEM 1: TITLE OF CUSIP VALUE PRINCIPAL SH/ INVESTMENT ITEM 7: (A) (B) (C)
NAME OF ISSUER CLASS NUMBER (000) AMOUNT PRN DISCRETION MANAGERS SOLE SHARED NONE
ACE LTD ORD G0070K103 $351 8,500 SH SOLE 8,500
COOPER INDS LTD CL A G24182100 $200 2,800 SH SOLE 2,800
INGERSOLL-RAND COMPANY LTD COM G4776G101 $414 5,200 SH SOLE 5,200
NABORS INDUSTRIES LTD SHS G6359F103 $248 4,200 SH SOLE 4,200
NOBLE CORPORATION SHS G65422100 $230 4,100 SH SOLE 4,100
TRANSOCEAN INC ORD G90078109 $494 9,604 SH SOLE 9,604
XL CAP LTD CL A G98255105 $304 4,200 SH SOLE 4,200
FLEXTRONICS INTL LTD ORD Y2573F102 $1,265 105,080 SH DEFINED 1 105080
FLEXTRONICS INTL LTD ORD Y2573F102 $7 582 SH SOLE 582
A D C TELECOMMUNICATIONS COM 000886101 $48 24,350 SH SOLE 24,350
AFLAC INC COM 001055102 $561 15,050 SH SOLE 15,050
AES CORP COM 00130H105 $319 19,450 SH SOLE 19,450
AT&T CORP COM NEW 001957505 $450 24,021 SH SOLE 24,021
ABBOTT LABS COM 002824100 $2,179 46,744 SH SOLE 46,744
ADOBE SYS INC COM 00724F101 $490 7,300 SH SOLE 7,300
ADVANCED MICRO DEVICES INC COM 007903107 $191 11,850 SH SOLE 11,850
AETNA INC NEW COM 00817Y108 $658 8,778 SH SOLE 8,778
AFFILIATED COMPUTER SERVICES CL A 008190100 $202 3,800 SH SOLE 3,800
AGILENT TECHNOLOGIES INC COM 00846U101 $286 12,878 SH SOLE 12,878
AIR PRODS & CHEMS INC COM 009158106 $430 6,800 SH SOLE 6,800
ALBERTSONS INC COM 013104104 $227 11,001 SH SOLE 11,001
ALCOA INC COM 013817101 $792 26,052 SH SOLE 26,052
ALLERGAN INC COM 018490102 $271 3,900 SH SOLE 3,900
ALLSTATE CORP COM 020002101 $1,096 20,280 SH SOLE 20,280
ALLTEL CORP COM 020039103 $499 9,100 SH SOLE 9,100
ALTERA CORP COM 021441100 $222 11,200 SH SOLE 11,200
ALTRIA GROUP INC COM 02209S103 $4,057 62,049 SH SOLE 62,049
AMBAC FINL GROUP INC COM 023139108 $247 3,300 SH SOLE 3,300
AMERADA HESS CORP COM 023551104 $250 2,600 SH SOLE 2,600
AMEREN CORP COM 023608102 $284 5,800 SH SOLE 5,800
AMERICAN ELEC PWR INC COM 025537101 $391 11,482 SH SOLE 11,482
AMERICAN EXPRESS CO COM 025816109 $1,801 35,050 SH SOLE 35,050
AMERICAN INTL GROUP INC COM 026874107 $4,324 78,043 SH SOLE 78,043
AMERICAN STD COS INC DEL COM 029712106 $251 5,400 SH SOLE 5,400
AMGEN INC COM 031162100 $2,185 37,535 SH SOLE 37,535
AMSOUTH BANCORPORATION COM 032165102 $275 10,600 SH SOLE 10,600
ANADARKO PETE CORP COM 032511107 $540 7,093 SH SOLE 7,093
ANALOG DEVICES INC COM 032654105 $405 11,200 SH SOLE 11,200
ANHEUSER BUSCH COS INC COM 035229103 $1,104 23,300 SH SOLE 23,300
AON CORP COM 037389103 $216 9,456 SH SOLE 9,456
APACHE CORP COM 037411105 $599 9,788 SH SOLE 9,788
APOLLO GROUP INC CL A 037604105 $370 5,000 SH SOLE 5,000
APPLE COMPUTER INC COM 037833100 $1,021 24,500 SH SOLE 24,500
APPLIED MATLS INC COM 038222105 $813 50,000 SH SOLE 50,000
ARCHER DANIELS MIDLAND CO COM 039483102 $459 18,667 SH SOLE 18,667
ARCHSTONE SMITH TR COM 039583109 $205 6,000 SH SOLE 6,000
AUTODESK INC COM 052769106 $205 6,900 SH SOLE 6,900
AUTOMATIC DATA PROCESSING IN COM 053015103 $787 17,502 SH SOLE 17,502
AVAYA INC COM 053499109 $168 14,421 SH SOLE 14,421
AVON PRODS INC COM 054303102 $607 14,128 SH SOLE 14,128
BB&T CORP COM 054937107 $641 16,400 SH SOLE 16,400
BJ SVCS CO COM 055482103 $254 4,900 SH SOLE 4,900
BAKER HUGHES INC COM 057224107 $448 10,060 SH SOLE 10,060
BANK OF AMERICA CORPORATION COM 060505104 $5,354 121,414 SH SOLE 121,414
BANK NEW YORK INC COM 064057102 $678 23,340 SH SOLE 23,340
BARD C R INC COM 067383109 $211 3,100 SH SOLE 3,100
BAXTER INTL INC COM 071813109 $633 18,640 SH SOLE 18,640
BEAR STEARNS COS INC COM 073902108 $337 3,374 SH SOLE 3,374
BECTON DICKINSON & CO COM 075887109 $444 7,600 SH SOLE 7,600
BED BATH & BEYOND INC COM 075896100 $333 9,100 SH SOLE 9,100
BELLSOUTH CORP COM 079860102 $1,443 54,882 SH SOLE 54,882
BEST BUY INC COM 086516101 $481 8,900 SH SOLE 8,900
BIOMET INC COM 090613100 $278 7,650 SH SOLE 7,650
BIOGEN IDEC INC COM 09062X103 $344 9,975 SH SOLE 9,975
BLOCK H & R INC COM 093671105 $248 4,900 SH SOLE 4,900
BOEING CO COM 097023105 $1,457 24,915 SH SOLE 24,915
BOSTON SCIENTIFIC CORP COM 101137107 $667 22,784 SH SOLE 22,784
BRISTOL MYERS SQUIBB CO COM 110122108 $1,491 58,546 SH SOLE 58,546
BROADCOM CORP CL A 111320107 $260 8,700 SH SOLE 8,700
BURLINGTON NORTHN SANTA FE C COM 12189T104 $608 11,267 SH SOLE 11,267
BURLINGTON RES INC COM 122014103 $583 11,644 SH SOLE 11,644
CIGNA CORP COM 125509109 $348 3,900 SH SOLE 3,900
CIT GROUP INC COM 125581108 $239 6,300 SH SOLE 6,300
CSX CORP COM 126408103 $271 6,500 SH SOLE 6,500
CVS CORP COM 126650100 $631 12,000 SH SOLE 12,000
CALPINE CORP COM 131347106 $45 16,000 SH SOLE 16,000
CAMPBELL SOUP CO COM 134429109 $284 9,800 SH SOLE 9,800
CAPITAL ONE FINL CORP COM 14040H105 $553 7,400 SH SOLE 7,400
CARDINAL HEALTH INC COM 14149Y108 $728 13,050 SH SOLE 13,050
CAREMARK RX INC COM 141705103 $545 13,700 SH SOLE 13,700
CARNIVAL CORP PAIRED 143658300 $819 15,800 SH SOLE 15,800
CTF
CATERPILLAR INC DEL COM 149123101 $941 10,290 SH SOLE 10,290
CENDANT CORP COM 151313103 $649 31,581 SH SOLE 31,581
CENTEX CORP COM 152312104 $218 3,800 SH SOLE 3,800
CHEVRONTEXACO CORP COM 166764100 $3,672 62,980 SH SOLE 62,980
CHUBB CORP COM 171232101 $456 5,750 SH SOLE 5,750
CIENA CORP COM 171779101 $29 17,100 SH SOLE 17,100
CINCINNATI FINL CORP COM 172062101 $211 4,840 SH SOLE 4,840
CINERGY CORP COM 172474108 $231 5,700 SH SOLE 5,700
CISCO SYS INC COM 17275R102 $3,464 193,618 SH SOLE 193,618
CITIGROUP INC COM 172967101 $7,033 156,493 SH SOLE 156,493
CITIZENS COMMUNICATIONS CO COM 17453B101 $129 10,000 SH SOLE 10,000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 $545 15,800 SH SOLE 15,800
CLOROX CO DEL COM 189054109 $290 4,600 SH SOLE 4,600
COACH INC COM 189754104 $323 5,700 SH SOLE 5,700
COCA COLA CO COM 191216100 $2,826 67,808 SH SOLE 67,808
COCA COLA ENTERPRISES INC COM 191219104 $218 10,600 SH SOLE 10,600
COLGATE PALMOLIVE CO COM 194162103 $819 15,700 SH SOLE 15,700
COMCAST CORP NEW CL A 20030N101 $2,240 66,299 SH SOLE 66,299
COMERICA INC COM 200340107 $281 5,100 SH SOLE 5,100
COMPUTER ASSOC INTL INC COM 204912109 $431 15,899 SH SOLE 15,899
COMPUTER SCIENCES CORP COM 205363104 $261 5,700 SH SOLE 5,700
COMPUWARE CORP COM 205638109 $84 11,600 SH SOLE 11,600
CONAGRA FOODS INC COM 205887102 $416 15,400 SH SOLE 15,400
CONOCOPHILLIPS COM 20825C104 $2,241 20,782 SH SOLE 20,782
CONSOLIDATED EDISON INC COM 209115104 $308 7,300 SH SOLE 7,300
CONSTELLATION ENERGY GROUP I COM 210371100 $274 5,300 SH SOLE 5,300
CORNING INC COM 219350105 $470 42,250 SH SOLE 42,250
COSTCO WHSL CORP NEW COM 22160K105 $623 14,100 SH SOLE 14,100
COUNTRYWIDE FINANCIAL CORP COM 222372104 $565 17,398 SH SOLE 17,398
DTE ENERGY CO COM 233331107 $236 5,200 SH SOLE 5,200
DANAHER CORP DEL COM 235851102 $438 8,200 SH SOLE 8,200
DEERE & CO COM 244199105 $497 7,400 SH SOLE 7,400
DELL INC COM 24702R101 $2,830 73,650 SH SOLE 73,650
DELPHI CORP COM 247126105 $75 16,758 SH SOLE 16,758
DELTA AIR LINES INC DEL COM 247361108 $17 4,200 SH SOLE 4,200
DEVON ENERGY CORP NEW COM 25179M103 $688 14,400 SH SOLE 14,400
DISNEY WALT CO COM 254687106 $1,761 61,312 SH SOLE 61,312
DISNEY
DOMINION RES INC VA NEW COM 25746U109 $758 10,184 SH SOLE 10,184
DONNELLEY R R & SONS CO COM 257867101 $206 6,500 SH SOLE 6,500
DOVER CORP COM 260003108 $231 6,100 SH SOLE 6,100
DOW CHEM CO COM 260543103 $1,425 28,593 SH SOLE 28,593
DU PONT E I DE NEMOURS & CO COM 263534109 $1,535 29,950 SH SOLE 29,950
DUKE ENERGY CORP COM 264399106 $788 28,146 SH SOLE 28,146
DYNEGY INC NEW CL A 26816Q101 $39 9,850 SH SOLE 9,850
E M C CORP MASS COM 268648102 $887 72,004 SH SOLE 72,004
EOG RES INC COM 26875P101 $351 7,200 SH SOLE 7,200
E TRADE FINANCIAL CORP COM 269246104 $133 11,100 SH SOLE 11,100
EASTMAN KODAK CO COM 277461109 $282 8,650 SH SOLE 8,650
EATON CORP COM 278058102 $301 4,600 SH SOLE 4,600
EBAY INC COM 278642103 $1,349 36,200 SH SOLE 36,200
ECOLAB INC COM 278865100 $218 6,600 SH SOLE 6,600
EDISON INTL COM 281020107 $340 9,800 SH SOLE 9,800
EL PASO CORP COM 28336L109 $204 19,314 SH SOLE 19,314
ELECTRONIC ARTS INC COM 285512109 $476 9,200 SH SOLE 9,200
ELECTRONIC DATA SYS NEW COM 285661104 $320 15,500 SH SOLE 15,500
EMERSON ELEC CO COM 291011104 $821 12,650 SH SOLE 12,650
ENTERGY CORP NEW COM 29364G103 $452 6,400 SH SOLE 6,400
EQUITY OFFICE PROPERTIES TRU COM 294741103 $365 12,100 SH SOLE 12,100
EQUITY RESIDENTIAL SH BEN 29476L107 $275 8,550 SH SOLE 8,550
INT
EXELON CORP COM 30161N101 $913 19,900 SH SOLE 19,900
EXPRESS SCRIPTS INC COM 302182100 $201 2,300 SH SOLE 2,300
EXXON MOBIL CORP COM 30231G102 $11,397 191,225 SH SOLE 191,225
FPL GROUP INC COM 302571104 $470 11,700 SH SOLE 11,700
FEDERAL HOME LN MTG CORP COM 313400301 $1,301 20,582 SH SOLE 20,582
FEDERAL NATL MTG ASSN COM 313586109 $1,582 29,050 SH SOLE 29,050
FEDERATED DEPT STORES INC DE COM 31410H101 $322 5,059 SH SOLE 5,059
FEDEX CORP COM 31428X106 $846 9,000 SH SOLE 9,000
FIFTH THIRD BANCORP COM 316773100 $670 15,592 SH SOLE 15,592
FIRST DATA CORP COM 319963104 $945 24,029 SH SOLE 24,029
FISERV INC COM 337738108 $231 5,800 SH SOLE 5,800
FIRSTENERGY CORP COM 337932107 $415 9,900 SH SOLE 9,900
FORD MTR CO DEL COM PAR 345370860 $621 54,815 SH SOLE 54,815
$0.01
FOREST LABS INC COM 345838106 $388 10,500 SH SOLE 10,500
FORTUNE BRANDS INC COM 349631101 $346 4,286 SH SOLE 4,286
FRANKLIN RES INC COM 354613101 $405 5,900 SH SOLE 5,900
FREEPORT-MCMORAN COPPER & GO CL B 35671D857 $212 5,361 SH SOLE 5,361
FREESCALE SEMICONDUCTOR INC COM CL A 35687M206 $207 12,006 SH SOLE 12,006
GANNETT INC COM 364730101 $593 7,500 SH SOLE 7,500
GAP INC DEL COM 364760108 $483 22,125 SH SOLE 22,125
GENERAL DYNAMICS CORP COM 369550108 $642 6,000 SH SOLE 6,000
GENERAL ELEC CO COM 369604103 $11,445 317,384 SH SOLE 317,384
GENERAL MLS INC COM 370334104 $536 10,900 SH SOLE 10,900
GENERAL MTRS CORP COM 370442105 $496 16,874 SH SOLE 16,874
GENUINE PARTS CO COM 372460105 $228 5,250 SH SOLE 5,250
GENZYME CORP COM 372917104 $424 7,400 SH SOLE 7,400
GEORGIA PAC CORP COM 373298108 $277 7,818 SH SOLE 7,818
GILEAD SCIENCES INC COM 375558103 $465 13,000 SH SOLE 13,000
GILLETTE CO COM 375766102 $1,502 29,750 SH SOLE 29,750
GOLDEN WEST FINL CORP DEL COM 381317106 $514 8,500 SH SOLE 8,500
GOLDMAN SACHS GROUP INC COM 38141G104 $1,474 13,400 SH SOLE 13,400
GUIDANT CORP COM 401698105 $717 9,700 SH SOLE 9,700
HCA INC COM 404119109 $656 12,250 SH SOLE 12,250
HALLIBURTON CO COM 406216101 $653 15,100 SH SOLE 15,100
HARLEY DAVIDSON INC COM 412822108 $503 8,700 SH SOLE 8,700
HARRAHS ENTMT INC COM 413619107 $220 3,400 SH SOLE 3,400
HARTFORD FINL SVCS GROUP INC COM 416515104 $610 8,900 SH SOLE 8,900
HEINZ H J CO COM 423074103 $387 10,500 SH SOLE 10,500
HERSHEY FOODS CORP COM 427866108 $399 6,600 SH SOLE 6,600
HEWLETT PACKARD CO COM 428236103 $1,903 86,716 SH SOLE 86,716
HILTON HOTELS CORP COM 432848109 $257 11,500 SH SOLE 11,500
HOME DEPOT INC COM 437076102 $2,518 65,850 SH SOLE 65,850
HONEYWELL INTL INC COM 438516106 $947 25,457 SH SOLE 25,457
ITT INDS INC IND COM 450911102 $253 2,800 SH SOLE 2,800
ILLINOIS TOOL WKS INC COM 452308109 $734 8,200 SH SOLE 8,200
INTERNATIONAL BUSINESS MACHS COM 459200101 $4,470 48,918 SH SOLE 48,918
INTERNATIONAL GAME TECHNOLOG COM 459902102 $275 10,300 SH SOLE 10,300
INTL PAPER CO COM 460146103 $541 14,716 SH SOLE 14,716
INTERPUBLIC GROUP COS INC COM 460690100 $156 12,700 SH SOLE 12,700
INTUIT COM 461202103 $245 5,600 SH SOLE 5,600
JDS UNIPHASE CORP COM 46612J101 $72 43,300 SH SOLE 43,300
JPMORGAN CHASE & CO COM 46625H100 $3,683 106,444 SH SOLE 106,444
JAMDAT MOBILE INC COM 47023T100 $10,224 593,026 SH DEFINED 1 593,026
JEFFERSON PILOT CORP COM 475070108 $202 4,125 SH SOLE 4,125
JOHNSON & JOHNSON COM 478160104 $5,982 89,066 SH SOLE 89,066
JOHNSON CTLS INC COM 478366107 $318 5,700 SH SOLE 5,700
KLA-TENCOR CORP COM 482480100 $271 5,900 SH SOLE 5,900
KELLOGG CO COM 487836108 $453 10,480 SH SOLE 10,480
KERR MCGEE CORP COM 492386107 $386 4,928 SH SOLE 4,928
KEYCORP NEW COM 493267108 $395 12,184 SH SOLE 12,184
KIMBERLY CLARK CORP COM 494368103 $947 14,400 SH SOLE 14,400
KINDER MORGAN INC KANS COM 49455P101 $250 3,300 SH SOLE 3,300
KOHLS CORP COM 500255104 $506 9,800 SH SOLE 9,800
KROGER CO COM 501044101 $352 21,950 SH SOLE 21,950
LSI LOGIC CORP COM 502161102 $64 11,500 SH SOLE 11,500
L-3 COMMUNICATIONS HLDGS INC COM 502424104 $241 3,400 SH SOLE 3,400
LEHMAN BROS HLDGS INC COM 524908100 $782 8,300 SH SOLE 8,300
LEXMARK INTL NEW CL A 529771107 $304 3,800 SH SOLE 3,800
LILLY ELI & CO COM 532457108 $1,769 33,950 SH SOLE 33,950
LIMITED BRANDS INC COM 532716107 $277 11,406 SH SOLE 11,406
LINCOLN NATL CORP IND COM 534187109 $235 5,200 SH SOLE 5,200
LINEAR TECHNOLOGY CORP COM 535678106 $352 9,200 SH SOLE 9,200
LOCKHEED MARTIN CORP COM 539830109 $735 12,044 SH SOLE 12,044
LOEWS CORP COM 540424108 $353 4,800 SH SOLE 4,800
LOWES COS INC COM 548661107 $1,319 23,100 SH SOLE 23,100
LUCENT TECHNOLOGIES INC COM 549463107 $365 132,711 SH SOLE 132,711
M & T BK CORP COM 55261F104 $296 2,900 SH SOLE 2,900
MBIA INC COM 55262C100 $220 4,200 SH SOLE 4,200
MBNA CORP COM 55262L100 $940 38,280 SH SOLE 38,280
MARATHON OIL CORP COM 565849106 $488 10,400 SH SOLE 10,400
MARSH & MCLENNAN COS INC COM 571748102 $479 15,758 SH SOLE 15,758
MARSHALL & ILSLEY CORP COM 571834100 $259 6,200 SH SOLE 6,200
MARRIOTT INTL INC NEW CL A 571903202 $401 6,000 SH SOLE 6,000
MASCO CORP COM 574599106 $465 13,400 SH SOLE 13,400
MATRIXONE INC COM 57685P304 $116 24,393 SH SOLE 24,393
MATRIXONE INC COM 57685P304 $17 3,643 SH DEFINED 1 3,643
MATTEL INC COM 577081102 $266 12,475 SH SOLE 12,475
MAXIM INTEGRATED PRODS INC COM 57772K101 $401 9,800 SH SOLE 9,800
MAY DEPT STORES CO COM 577778103 $322 8,700 SH SOLE 8,700
MCDONALDS CORP COM 580135101 $1,187 38,104 SH SOLE 38,104
MCGRAW HILL COS INC COM 580645109 $497 5,700 SH SOLE 5,700
MCKESSON CORP COM 58155Q103 $333 8,813 SH SOLE 8,813
MEDCO HEALTH SOLUTIONS INC COM 58405U102 $408 8,230 SH SOLE 8,230
MEDTRONIC INC COM 585055106 $1,842 36,162 SH SOLE 36,162
MELLON FINL CORP COM 58551A108 $364 12,750 SH SOLE 12,750
MERCK & CO INC COM 589331107 $2,140 66,116 SH SOLE 66,116
MERRILL LYNCH & CO INC COM 590188108 $1,580 27,918 SH SOLE 27,918
METLIFE INC COM 59156R108 $860 22,000 SH SOLE 22,000
MICROSOFT CORP COM 594918104 $7,322 302,950 SH SOLE 302,950
MICRON TECHNOLOGY INC COM 595112103 $190 18,400 SH SOLE 18,400
MONSANTO CO NEW COM 61166W101 $518 8,033 SH SOLE 8,033
MOODYS CORP COM 615369105 $332 4,100 SH SOLE 4,100
MORGAN STANLEY COM NEW 617446448 $1,904 33,256 SH SOLE 33,256
MOTOROLA INC COM 620076109 $1,099 73,398 SH SOLE 73,398
NASDAQ STOCK MARKET INC COM 631103108 $3,210 300,000 SH SOLE 300,000
NATIONAL CITY CORP COM 635405103 $596 17,800 SH SOLE 17,800
NATIONAL OILWELL VARCO INC COM 637071101 $234 5,000 SH SOLE 5,000
NATIONAL SEMICONDUCTOR CORP COM 637640103 $218 10,600 SH SOLE 10,600
NETWORK APPLIANCE INC COM 64120L104 $304 11,000 SH SOLE 11,000
NEWMONT MINING CORP COM 651639106 $560 13,262 SH SOLE 13,262
NEWS CORP CL A 65248E104 $1,303 77,000 SH SOLE 77,000
NEXTEL COMMUNICATIONS INC CL A 65332V103 $958 33,700 SH SOLE 33,700
NIKE INC CL B 654106103 $575 6,900 SH SOLE 6,900
NORDSTROM INC COM 655664100 $210 3,800 SH SOLE 3,800
NORFOLK SOUTHERN CORP COM 655844108 $446 12,050 SH SOLE 12,050
NORTH FORK BANCORPORATION NY COM 659424105 $392 14,125 SH SOLE 14,125
NORTHERN TR CORP COM 665859104 $265 6,100 SH SOLE 6,100
NORTHROP GRUMMAN CORP COM 666807102 $581 10,758 SH SOLE 10,758
NOVELL INC COM 670006105 $68 11,394 SH SOLE 11,394
NUCOR CORP COM 670346105 $276 4,800 SH SOLE 4,800
OCCIDENTAL PETE CORP DEL COM 674599105 $847 11,900 SH SOLE 11,900
OFFICE DEPOT INC COM 676220106 $208 9,400 SH SOLE 9,400
OMNICOM GROUP INC COM 681919106 $496 5,600 SH SOLE 5,600
ORACLE CORP COM 68389X105 $1,680 134,634 SH SOLE 134,634
PG&E CORP COM 69331C108 $368 10,796 SH SOLE 10,796
PNC FINL SVCS GROUP INC COM 693475105 $438 8,500 SH SOLE 8,500
PPG INDS INC COM 693506107 $370 5,170 SH SOLE 5,170
PPL CORP COM 69351T106 $308 5,700 SH SOLE 5,700
PACCAR INC COM 693718108 $375 5,175 SH SOLE 5,175
PARKER HANNIFIN CORP COM 701094104 $222 3,650 SH SOLE 3,650
PAYCHEX INC COM 704326107 $350 10,675 SH SOLE 10,675
PENNEY J C INC COM 708160106 $448 8,628 SH SOLE 8,628
PEPSICO INC COM 713448108 $2,667 50,300 SH SOLE 50,300
PFIZER INC COM 717081103 $5,868 223,364 SH SOLE 223,364
PHELPS DODGE CORP COM 717265102 $299 2,943 SH SOLE 2,943
PITNEY BOWES INC COM 724479100 $311 6,900 SH SOLE 6,900
PRAXAIR INC COM 74005P104 $462 9,662 SH SOLE 9,662
PRICE T ROWE GROUP INC COM 74144T108 $220 3,700 SH SOLE 3,700
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 $346 9,000 SH SOLE 9,000
PROCTER & GAMBLE CO COM 742718109 $4,002 75,500 SH SOLE 75,500
PROGRESS ENERGY INC COM 743263105 $310 7,400 SH SOLE 7,400
PROGRESSIVE CORP OHIO COM 743315103 $551 6,000 SH SOLE 6,000
PROLOGIS SH BEN 743410102 $204 5,500 SH SOLE 5,500
INT
PRUDENTIAL FINL INC COM 744320102 $903 15,725 SH SOLE 15,725
PUBLIC SVC ENTERPRISE GROUP COM 744573106 $386 7,094 SH SOLE 7,094
PULTE HOMES INC COM 745867101 $258 3,500 SH SOLE 3,500
QUALCOMM INC COM 747525103 $1,806 49,300 SH SOLE 49,300
QUEST DIAGNOSTICS INC COM 74834L100 $284 2,700 SH SOLE 2,700
QWEST COMMUNICATIONS INTL IN COM 749121109 $185 50,098 SH SOLE 50,098
RAYTHEON CO COM NEW 755111507 $526 13,600 SH SOLE 13,600
REGIONS FINANCIAL CORP NEW COM 7591EP100 $452 13,948 SH SOLE 13,948
REYNOLDS AMERICAN INC COM 761713106 $282 3,500 SH SOLE 3,500
ROCKWELL AUTOMATION INC COM 773903109 $295 5,200 SH SOLE 5,200
ROCKWELL COLLINS INC COM 774341101 $252 5,300 SH SOLE 5,300
ROHM & HAAS CO COM 775371107 $278 5,792 SH SOLE 5,792
SBC COMMUNICATIONS INC COM 78387G103 $2,344 98,944 SH SOLE 98,944
SLM CORP COM 78442P106 $643 12,900 SH SOLE 12,900
SAFEWAY INC COM NEW 786514208 $248 13,400 SH SOLE 13,400
ST JUDE MED INC COM 790849103 $390 10,824 SH SOLE 10,824
ST PAUL TRAVELERS INC COM 792860108 $740 20,140 SH SOLE 20,140
SANMINA SCI CORP COM 800907107 $82 15,750 SH SOLE 15,750
SARA LEE CORP COM 803111103 $524 23,650 SH SOLE 23,650
SCHERING PLOUGH CORP COM 806605101 $803 44,250 SH SOLE 44,250
SCHLUMBERGER LTD COM 806857108 $1,247 17,700 SH SOLE 17,700
SCHWAB CHARLES CORP NEW COM 808513105 $362 34,400 SH SOLE 34,400
SEMPRA ENERGY COM 816851109 $281 7,060 SH SOLE 7,060
SIEBEL SYS INC COM 826170102 $141 15,400 SH SOLE 15,400
SIMON PPTY GROUP INC NEW COM 828806109 $400 6,600 SH SOLE 6,600
SOLECTRON CORP COM 834182107 $101 29,100 SH SOLE 29,100
SOUTHERN CO COM 842587107 $708 22,250 SH SOLE 22,250
SOUTHWEST AIRLS CO COM 844741108 $314 22,075 SH SOLE 22,075
SOVEREIGN BANCORP INC COM 845905108 $248 11,200 SH SOLE 11,200
SPRINT CORPORATION COM FON 852061100 $1,007 44,270 SH SOLE 44,270
STAPLES INC COM 855030102 $467 14,850 SH SOLE 14,850
STARBUCKS CORP COM 855244109 $620 12,000 SH SOLE 12,000
STARWOOD HOTELS&RESORTS WRLD PAIRED 85590A203 $384 6,400 SH SOLE 6,400
CTF
STATE STR CORP COM 857477103 $437 10,000 SH SOLE 10,000
STRYKER CORP COM 863667101 $500 11,200 SH SOLE 11,200
SUN MICROSYSTEMS INC COM 866810104 $409 101,214 SH SOLE 101,214
SUNGARD DATA SYS INC COM 867363103 $302 8,750 SH SOLE 8,750
SUNOCO INC COM 86764P109 $217 2,100 SH SOLE 2,100
SUNTRUST BKS INC COM 867914103 $735 10,200 SH SOLE 10,200
SYMANTEC CORP COM 871503108 $454 21,300 SH SOLE 21,300
SYNOVUS FINL CORP COM 87161C105 $260 9,350 SH SOLE 9,350
SYSCO CORP COM 871829107 $684 19,100 SH SOLE 19,100
TJX COS INC NEW COM 872540109 $355 14,400 SH SOLE 14,400
TXU CORP COM 873168108 $573 7,202 SH SOLE 7,202
TARGET CORP COM 87612E106 $1,343 26,850 SH SOLE 26,850
TELLABS INC COM 879664100 $101 13,800 SH SOLE 13,800
TENET HEALTHCARE CORP COM 88033G100 $161 13,974 SH SOLE 13,974
TEXAS INSTRS INC COM 882508104 $1,315 51,600 SH SOLE 51,600
TEXTRON INC COM 883203101 $298 4,000 SH SOLE 4,000
3M CO COM 88579Y101 $1,979 23,100 SH SOLE 23,100
TIME WARNER INC COM 887317105 $2,415 137,595 SH SOLE 137,595
TRIBUNE CO NEW COM 896047107 $356 8,926 SH SOLE 8,926
TYCO INTL LTD NEW COM 902124106 $2,037 60,280 SH SOLE 60,280
UST INC COM 902911106 $257 4,974 SH SOLE 4,974
US BANCORP DEL COM NEW 902973304 $1,601 55,547 SH SOLE 55,547
UNION PAC CORP COM 907818108 $544 7,800 SH SOLE 7,800
UNISYS CORP COM 909214108 $71 10,100 SH SOLE 10,100
UNITED PARCEL SERVICE INC CL B 911312106 $2,440 33,550 SH SOLE 33,550
UNITED TECHNOLOGIES CORP COM 913017109 $1,555 15,300 SH SOLE 15,300
UNITEDHEALTH GROUP INC COM 91324P102 $1,827 19,152 SH SOLE 19,152
UNIVISION COMMUNICATIONS INC CL A 914906102 $241 8,700 SH SOLE 8,700
UNOCAL CORP COM 915289102 $503 8,150 SH SOLE 8,150
VALERO ENERGY CORP NEW COM 91913Y100 $564 7,700 SH SOLE 7,700
VERIZON COMMUNICATIONS COM 92343V104 $2,946 82,998 SH SOLE 82,998
VERITAS SOFTWARE CO COM 923436109 $293 12,615 SH SOLE 12,615
VIACOM INC CL B 925524308 $1,781 51,127 SH SOLE 51,127
WACHOVIA CORP 2ND NEW COM 929903102 $2,419 47,513 SH SOLE 47,513
WAL MART STORES INC COM 931142103 $5,084 101,452 SH SOLE 101,452
WALGREEN CO COM 931422109 $1,361 30,650 SH SOLE 30,650
WASHINGTON MUT INC COM 939322103 $1,034 26,173 SH SOLE 26,173
WASTE MGMT INC DEL COM 94106L109 $489 16,963 SH SOLE 16,963
WELLPOINT INC COM 94973V107 $1,141 9,100 SH SOLE 9,100
WELLS FARGO & CO NEW COM 949746101 $3,036 50,774 SH SOLE 50,774
WEYERHAEUSER CO COM 962166104 $501 7,317 SH SOLE 7,317
WILLIAMS COS INC DEL COM 969457100 $322 17,100 SH SOLE 17,100
WRIGLEY WM JR CO COM 982526105 $387 5,900 SH SOLE 5,900
WYETH COM 983024100 $1,688 40,026 SH SOLE 40,026
XTO ENERGY INC COM 98385X106 $340 10,366 SH SOLE 10,366
XCEL ENERGY INC COM 98389B100 $207 12,035 SH SOLE 12,035
XILINX INC COM 983919101 $304 10,400 SH SOLE 10,400
XEROX CORP COM 984121103 $435 28,700 SH SOLE 28,700
YAHOO INC COM 984332106 $1,325 39,100 SH SOLE 39,100
YUM BRANDS INC COM 988498101 $450 8,684 SH SOLE 8,684
ZIMMER HLDGS INC COM 98956P102 $575 7,389 SH SOLE 7,389
REPORT TOTAL 317,441,467