UNITED STATES
                                           SECURITIES AND EXCHANGE COMMISSION
                                           Washington, D.C.  20549

                                                                        FORM 13F

                                           FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2001

If amended report check here:

Institutional Investment Manager Filing This Report:
Name:                                      The St. Paul Companies, Inc.
Address:                                   385 Washington Street
                                           St. Paul, MN  55102-1396

13F File Number:                           28-62

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.


Person Signing this Report on Behalf of Reporting Manager:

Name:                                      Bruce Backberg
Title:                                     Corporate Secretary
Phone:                                     (651) 310-7916

Signature, Place and Date of signing:

/s/ Bruce Backberg, St. Paul, Minnesota, February 14, 2001

Report Type (Check only one.):

[ X ]  13F HOLDINGS REPORT
[   ]  13F NOTICE
[   ]  13F COMBINATION 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 SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                  1
[cad 192]Form 13F Information Table Entry Total:           377
Form 13F Information Table Value Total:    $1,432,276

List of Other Included Managers:

No.   13F Filing Number     Name
01    28-29                 ST. PAUL FIRE AND MARINE INSURANCE COMPANY






                                                               FORM 13F INFORMATION TABLE

NAME OF ISSUER                      TITLE OF CLASS CUSIP      VALUE     SHARES   SH/ PUT/ INVESTMT OTHER    VOTING AUTHORITY
                                                             (X$1000)   PRN/AMT  PRN CALL DSCRETN  MANAGERS SOLE     SHARED    NONE
                                                                                                 
AFLAC INC                                COMM      001055102      72      2,920  SH       SHARED                         2,920
AMR CORP.                                COMM      001765106   3,345    150,000  SH       SHARED                       150,000
AMR CORP.                                COMM      001765106   2,230    100,000  SH       SOLE              100,000
AOL TIME WARNER INC                      COMM      00184A105   7,658    238,560  SH       SHARED                       238,560
AOL TIME WARNER INC                      COMM      00184A105     311      9,690  SH       SHARED                         9,690
AOL TIME WARNER INC                      COMM      00184A105   5,969    185,956  SH       SOLE              185,956
AMERICAN TELEPHONE & TELEGRAPH CO.       COMM      001957109     146      8,050  SH       SHARED                         8,050
AT&T WIRELESS                            COMM      00209A106   1,724    120,000  SH       SHARED                       120,000
AT&T WIRELESS                            COMM      00209A106      37      2,590  SH       SHARED                         2,590
AT&T WIRELESS                            COMM      00209A106   1,150     80,000  SH       SOLE               80,000
ABBOTT LABORATORIES                      COMM      002824100   6,690    120,000  SH       SHARED                       120,000
ABBOTT LABORATORIES                      COMM      002824100     185      3,310  SH       SHARED                         3,310
ABBOTT LABORATORIES                      COMM      002824100   4,231     75,900  SH       SOLE               75,900
AGILENT TECH                             COMM      00846U101      29      1,029  SH       SHARED                         1,029
ALCOA INC                                COMM      013817101  10,665    300,000  SH       SHARED                       300,000
ALCOA INC                                COMM      013817101   7,044    198,150  SH       SOLE              198,150
ALLEGHENY ENGY                           COMM      017361106   5,433    150,000  SH       SHARED                       150,000
ALLEGHENY ENGY                           COMM      017361106   3,622    100,000  SH       SOLE              100,000
ALLIANCE CAP                             COMM      01855A101      66      1,370  SH       SHARED                         1,370
ALLIED WASTE                             COMM      019589308      81      5,730  SH       SHARED                         5,730
ALLSTATE CORP.                           COMM      020002101     253      7,500  SH       SHARED                         7,500
AMERICAN EXPRESS COMPANY                 COMM      025816109   7,495    210,000  SH       SHARED                       210,000
AMERICAN EXPRESS COMPANY                 COMM      025816109      99      2,760  SH       SHARED                         2,760
AMERICAN EXPRESS COMPANY                 COMM      025816109   4,997    140,000  SH       SOLE              140,000
AMERICAN HOME PRODUCTS                   COMM      026609107   9,756    159,000  SH       SHARED                       159,000
AMERICAN HOME PRODUCTS                   COMM      026609107     174      2,830  SH       SHARED                         2,830
AMERICAN HOME PRODUCTS                   COMM      026609107   4,083     66,540  SH       SOLE               66,540
AMERICAN INTERNATIONAL GROUP, INC.       COMM      026874107  12,703    159,990  SH       SHARED                       159,990
AMERICAN INTERNATIONAL GROUP, INC.       COMM      026874107     403      5,080  SH       SHARED                         5,080
AMERICAN INTERNATIONAL GROUP, INC.       COMM      026874107   8,154    102,689  SH       SOLE              102,689
AMGEN INC.                               COMM      031162100   3,386     60,000  SH       SHARED                        60,000
AMGEN INC.                               COMM      031162100   2,241     39,700  SH       SOLE               39,700
ANADARKO PETROLEUM CO                    COMM      032511107      39        690  SH       SHARED                           690
ANHEUSER BUSCH COS. INC.                 COMM      035229103   2,713     60,000  SH       SHARED                        60,000
ANHEUSER BUSCH COS. INC.                 COMM      035229103      89      1,970  SH       SHARED                         1,970
ANHEUSER BUSCH COS. INC.                 COMM      035229103   1,808     40,000  SH       SOLE               40,000
ANTHEM, INC.                             COMM      03674B104   5,247    106,000  SH       SHARED                       106,000
ANTHEM, INC.                             COMM      03674B104   3,465     70,000  SH       SOLE               70,000
APPLIED MICRO CIRCUIT CORP.              COMM      03822W109       7        620  SH       SHARED                           620
ASCENTIAL SOFTWARE CORP                  COMM      04362P108       4        987  SH       SOLE                  987
AUTODESK, INC                            COMM      052769106      41      1,090  SH       SHARED                         1,090
AUTOMATIC DATA PROCESSING                COMM      053015103   4,891     83,040  SH       SHARED                        83,040
AUTOMATIC DATA PROCESSING                COMM      053015103      82      1,390  SH       SHARED                         1,390
AUTOMATIC DATA PROCESSING                COMM      053015103   3,039     51,600  SH       SOLE               51,600
AUTONATION INC.                          COMM      05329W102     164     13,270  SH       SHARED                        13,270
BB&T CORP                                COMM      054937107     164      4,550  SH       SHARED                         4,550
BP AMOCO PLC (ADR)                       COMM      055622104     469     10,080  SH       SHARED                        10,080
BP AMOCO PLC (ADR)                       COMM      055622104   3,004     64,596  SH       SHARED                        64,596
BP AMOCO PLC (ADR)                       COMM      055622104   1,505     32,352  SH       SOLE               32,352
BAKER HUGHES INC                         COMM      057224107   4,376    120,000  SH       SHARED                       120,000
BAKER HUGHES INC                         COMM      057224107   2,918     80,000  SH       SOLE               80,000
BANK OF AMERICA CORP                     COMM      060505104   8,498    135,000  SH       SHARED                       135,000
BANK OF AMERICA CORP                     COMM      060505104     225      3,580  SH       SHARED                         3,580
BANK OF AMERICA CORP                     COMM      060505104   5,637     89,540  SH       SOLE               89,540
BANK OF NEW YORK CO., INC.               COMM      064057102      67      1,630  SH       SHARED                         1,630
BANK ONE CORP.                           COMM      06423A103      98      2,520  SH       SHARED                         2,520
BAXTER INTERNATIONAL INC.                COMM      071813109   3,218     60,000  SH       SHARED                        60,000
BAXTER INTERNATIONAL INC.                COMM      071813109   2,128     39,670  SH       SOLE               39,670
BELL SOUTH CORP.                         COMM      079860102     362      9,500  SH       SHARED                         9,500
BERKSHIRE HATHAWAY A                     COMM      084670108   9,450        124  SH       SHARED                           124
BERKSHIRE HATHAWAY A                     COMM      084670108     529          7  SH       SHARED                             7
BERKSHIRE HATHAWAY A                     COMM      084670108   5,897         75  SH       SOLE                   75
BOEING COMPANY                           COMM      097023105     126      3,250  SH       SHARED                         3,250
BRISTOL-MYERS SQUIBB CO.                 COMM      110122108  11,750    230,400  SH       SHARED                       230,400
BRISTOL-MYERS SQUIBB CO.                 COMM      110122108     213      4,170  SH       SHARED                         4,170
BRISTOL-MYERS SQUIBB CO.                 COMM      110122108   8,626    169,146  SH       SOLE              169,146
BROADCOM CORP                            COMM      111320107      18        440  SH       SHARED                           440
CVS CORP.                                COMM      126650100      43      1,460  SH       SHARED                         1,460
CABLEVISION SYSTEMS                      COMM      12686C109   6,500    136,980  SH       SHARED                       136,980
CABLEVISION SYSTEMS                      COMM      12686C109   4,333     91,320  SH       SOLE               91,320
CANADIAN PACIFIC RAILROAD LTD            COMM      13645T100      21      1,080  SH       SHARED                         1,080
CARDINAL HEALTH INC.                     COMM      14149Y108      60        930  SH       SHARED                           930
CATELLUS DEVELOPMENT                     COMM      149111106     125      6,780  SH       SHARED                         6,780
CATERPILLAR INC                          COMM      149123101   3,135     60,000  SH       SHARED                        60,000
CATERPILLAR INC                          COMM      149123101   2,074     39,700  SH       SOLE               39,700
CHEVRONTEXACO CORP                       COMM      166764100  10,753    120,000  SH       SHARED                       120,000
CHEVRONTEXACO CORP                       COMM      166764100     205      2,283  SH       SHARED                         2,283
CHEVRONTEXACO CORP                       COMM      166764100   7,169     80,000  SH       SOLE               80,000
CISCO SYSTEMS INC.                       COMM      17275R102  14,320    790,720  SH       SHARED                       790,720
CISCO SYSTEMS INC.                       COMM      17275R102     327     18,080  SH       SHARED                        18,080



CISCO SYSTEMS INC.                       COMM      17275R102   9,718    536,592  SH       SOLE              536,592
CITIGROUP INC                            COMM      172967101  12,662    250,824  SH       SHARED                       250,824
CITIGROUP INC                            COMM      172967101     560     11,100  SH       SHARED                        11,100
CITIGROUP INC                            COMM      172967101   8,083    160,115  SH       SOLE              160,115
CLEAR CHANNEL                            COMM      184502102   6,109    120,000  SH       SHARED                       120,000
CLEAR CHANNEL                            COMM      184502102   4,073     80,000  SH       SOLE               80,000
COCA COLA CO                             COMM      191216100  11,920    252,806  SH       SHARED                       252,806
COCA COLA CO                             COMM      191216100     253      5,360  SH       SHARED                         5,360
COCA COLA CO                             COMM      191216100   7,877    167,057  SH       SOLE              167,057
COLGATE POLMOLIVE CO                     COMM      194162103      70      1,210  SH       SHARED                         1,210
COMCAST CORP. CL A                       COMM      200300200   3,780    105,000  SH       SHARED                       105,000
COMCAST CORP. CL A                       COMM      200300200   2,511     69,740  SH       SOLE               69,740
COMERICA INC                             COMM      200340107   6,876    120,000  SH       SHARED                       120,000
COMERICA INC                             COMM      200340107   4,584     80,000  SH       SOLE               80,000
COMPAQ COMPUTER                          COMM      204493100      76      7,770  SH       SHARED                         7,770
COMPUTER ASSOCIATES INTL, INC.           COMM      204912109      50      1,450  SH       SHARED                         1,450
COMPUTER SCIENCES CORP                   COMM      205363104      60      1,230  SH       SHARED                         1,230
COMVERSE TECHNOLOGY                      COMM      205862402   4,027    180,000  SH       SHARED                       180,000
COMVERSE TECHNOLOGY                      COMM      205862402   2,684    120,000  SH       SOLE              120,000
CONCORD EFS INC.                         COMM      206197105     123      3,740  SH       SHARED                         3,740
CONTINENTAL AIRLINES - B                 COMM      210795308   3,932    150,000  SH       SHARED                       150,000
CONTINENTAL AIRLINES - B                 COMM      210795308   2,621    100,000  SH       SOLE              100,000
CP SHIPS LTD                             COMM      22409V102       6        540  SH       SHARED                           540
DELL COMPUTER CORP                       COMM      247025109   3,262    120,000  SH       SHARED                       120,000
DELL COMPUTER CORP                       COMM      247025109     258      9,490  SH       SHARED                         9,490
DELL COMPUTER CORP                       COMM      247025109   2,174     80,000  SH       SOLE               80,000
DELTA AIR LINES                          COMM      247361108   3,072    105,000  SH       SHARED                       105,000
DELTA AIR LINES                          COMM      247361108   2,048     70,000  SH       SOLE               70,000
DEVON ENERGY CORP.                       COMM      25179M103      56      1,440  SH       SHARED                         1,440
DIEBOLD                                  COMM      253651103      98      2,420  SH       SHARED                         2,420
DISNEY, WALT CO.                         COMM      254687106      93      4,490  SH       SHARED                         4,490
DONNELLEY (R R) & SONS INC.              COMM      257867101      84      2,830  SH       SHARED                         2,830
DOW CHEMICAL COMPANY                     COMM      260543103   6,587    195,000  SH       SHARED                       195,000
DOW CHEMICAL COMPANY                     COMM      260543103   4,391    130,000  SH       SOLE              130,000
DU PONT E I DE NEMOURS AND CO.           COMM      263534109      97      2,290  SH       SHARED                         2,290
DUKE POWER                               COMM      264399106   1,178     30,000  SH       SHARED                        30,000
DUKE POWER                               COMM      264399106     336      8,560  SH       SHARED                         8,560
DUKE POWER                               COMM      264399106     700     17,820  SH       SOLE               17,820
DUKE REALTY INVESTMENTS, INC.            COMM      264411505     118      4,850  SH       SHARED                         4,850
EMC CORP.                                COMM      268648102   3,226    240,000  SH       SHARED                       240,000
EMC CORP.                                COMM      268648102      64      4,740  SH       SHARED                         4,740
EMC CORP.                                COMM      268648102   2,150    160,000  SH       SOLE              160,000
EOG RESOURCES INC                        COMM      26875P101      83      2,110  SH       SHARED                         2,110
EBIX.COM INC                             COMM      278715107      14     12,785  SH       SHARED                        12,785
ECOLAB INC                               COMM      278865100   1,783     44,300  SH       SHARED                        44,300
ECOLAB INC                               COMM      278865100     886     22,001  SH       SOLE               22,001
EDWARDS (AG) INC                         COMM      281760108     114      2,590  SH       SHARED                         2,590
ELAN CORP., PLC                          COMM      284131208   1,532     34,000  SH       SHARED                        34,000
ELAN CORP., PLC                          COMM      284131208     766     17,000  SH       SOLE               17,000
ELECTRONIC ARTS                          COMM      285512109   6,295    105,000  SH       SHARED                       105,000
ELECTRONIC ARTS                          COMM      285512109   4,197     70,000  SH       SOLE               70,000
ELECTRONIC DATA SYSTEMS                  COMM      285661104      69      1,000  SH       SHARED                         1,000
EMERSON ELECTRIC COMPANY                 COMM      291011104      55        960  SH       SHARED                           960
EXXON MOBIL CORP                         COMM      30231G102  25,751    655,236  SH       SHARED                       655,236
EXXON MOBIL CORP                         COMM      30231G102     603     15,340  SH       SHARED                        15,340
EXXON MOBIL CORP                         COMM      30231G102  17,060    434,100  SH       SOLE              434,100
FAIRMONT HOTELS & RESORTS                COMM      305204109      13        540  SH       SHARED                           540
FED HOME LOAN MTG CO.                    COMM      313400301   7,848    120,000  SH       SHARED                       120,000
FED HOME LOAN MTG CO.                    COMM      313400301      97      1,480  SH       SHARED                         1,480
FED HOME LOAN MTG CO.                    COMM      313400301   4,997     76,400  SH       SOLE               76,400
(R) FEDERAL NATIONAL MORTGAGE            COMM      313586109  11,925    150,000  SH       SHARED                       150,000
(R) FEDERAL NATIONAL MORTGAGE            COMM      313586109     631      7,941  SH       SHARED                         7,941
(R) FEDERAL NATIONAL MORTGAGE            COMM      313586109   7,794     98,040  SH       SOLE               98,040
FIFTH THIRD BANCORP.                     COMM      316773100   7,360    120,000  SH       SHARED                       120,000
FIFTH THIRD BANCORP.                     COMM      316773100      58        950  SH       SHARED                           950
FIFTH THIRD BANCORP.                     COMM      316773100   4,906     80,000  SH       SOLE               80,000
FIRST HEALTH GROUP                       COMM      320960107     154      6,220  SH       SHARED                         6,220
FIRSTENERGY CP                           COMM      337932107   5,247    150,000  SH       SHARED                       150,000
FIRSTENERGY CP                           COMM      337932107   3,498    100,000  SH       SOLE              100,000
FLEETBOSTON FINANCIAL                    COMM      339030108      68      1,850  SH       SHARED                         1,850
FOOT LOCKER INC                          COMM      344849104      60      3,820  SH       SHARED                         3,820
FORD MOTOR CO                            COMM      345370860      65      4,110  SH       SHARED                         4,110
FORDING INC                              COMM      345426100       6        358  SH       SHARED                           358
FOX ENTERTAINMENT GROUP                  COMM      35138T107   4,377    165,000  SH       SHARED                       165,000
FOX ENTERTAINMENT GROUP                  COMM      35138T107   2,907    109,560  SH       SOLE              109,560
FRANKLIN RESOURCES                       COMM      354613101      69      1,960  SH       SHARED                         1,960
GAP INC                                  COMM      364760108   5,018    360,000  SH       SHARED                       360,000
GAP INC                                  COMM      364760108   3,346    240,000  SH       SOLE              240,000
GARDEN FRESH COMMON                      COMM      365235100     340     57,104  SH       SHARED                        57,104
GENENTECH                                COMM      368710406  11,284    208,000  SH       SHARED                       208,000
GENENTECH                                COMM      368710406   7,154    131,880  SH       SOLE              131,880
GENL DYNAMICS                            COMM      369550108     275      3,450  SH       SHARED                         3,450
GENERAL ELECTRIC CO.                     COMM      369604103  30,385    758,100  SH       SHARED                       758,100
GENERAL ELECTRIC CO.                     COMM      369604103     959     23,930  SH       SHARED                        23,930
GENERAL ELECTRIC CO.                     COMM      369604103  19,818    494,464  SH       SOLE              494,464



GENERAL MILLS INC                        COMM      370334104      82      1,570  SH       SHARED                         1,570
GENERAL MOTORS                           COMM      370442105      57      1,170  SH       SHARED                         1,170
INTERDENT, INC.                          COMM      37245B102      25     43,725  SH       SHARED                        43,725
GILLETTE CO.                             COMM      375766102      72      2,170  SH       SHARED                         2,170
GLOBAL ONLINE INDIA INC                  COMM      37940N104       0        706  SH       SHARED                           706
GOLDMAN SACHS GROUP                      COMM      38141G104   5,565     60,000  SH       SHARED                        60,000
GOLDMAN SACHS GROUP                      COMM      38141G104   1,345     14,500  SH       SOLE               14,500
HCA INC COM                              COMM      404119109   8,093    210,000  SH       SHARED                       210,000
HCA INC COM                              COMM      404119109   5,262    136,530  SH       SOLE              136,530
HEWLETT-PACKARD                          COMM      428236103      87      4,250  SH       SHARED                         4,250
HOME DEPOT, INC.                         COMM      437076102  14,497    284,200  SH       SHARED                       284,200
HOME DEPOT, INC.                         COMM      437076102     259      5,080  SH       SHARED                         5,080
HOME DEPOT, INC.                         COMM      437076102   9,921    194,494  SH       SOLE              194,494
HONEYWELL INTERNATIONAL                  COMM      438516106      88      2,590  SH       SHARED                         2,590
HOUSEHOLD INTERNATIONAL, INC.            COMM      441815107      57        980  SH       SHARED                           980
ICO INC PFD                              PREF      449293307     179     20,000  SH       SHARED                        20,000
ISTAR FINANCIAL INC                      COMM      45031U101      76      3,030  SH       SHARED                         3,030
INTEL CORP                               COMM      458140100   8,091    257,260  SH       SHARED                       257,260
INTEL CORP                               COMM      458140100     703     22,340  SH       SHARED                        22,340
INTEL CORP                               COMM      458140100   5,193    165,120  SH       SOLE              165,120
INTERNATIONAL BUSINESS MACHINES CORP CAP COMM      459200101   7,059     58,360  SH       SHARED                        58,360
INTERNATIONAL BUSINESS MACHINES CORP CAP COMM      459200101     613      5,070  SH       SHARED                         5,070
INTERNATIONAL BUSINESS MACHINES CORP CAP COMM      459200101   4,695     38,818  SH       SOLE               38,818
INTERNATIONAL PAPER CO                   COMM      460146103   6,053    150,000  SH       SHARED                       150,000
INTERNATIONAL PAPER CO                   COMM      460146103   3,947     97,810  SH       SOLE               97,810
INTERSIL HOLDING                         COMM      46069S109   4,838    150,000  SH       SHARED                       150,000
INTERSIL HOLDING                         COMM      46069S109   3,225    100,000  SH       SOLE              100,000
INTRA BIOTICS                            COMM      46116T100   3,863  1,886,828  SH       SHARED                     1,886,828
JP MORGAN CHASE & CO                     COMM      46625H100  11,069    304,500  SH       SHARED                       304,500
JP MORGAN CHASE & CO                     COMM      46625H100     145      3,996  SH       SHARED                         3,996
JP MORGAN CHASE & CO                     COMM      46625H100   7,104    195,421  SH       SOLE              195,421
JOHNSON & JOHNSON                        COMM      478160104  16,844    285,000  SH       SHARED                       285,000
JOHNSON & JOHNSON                        COMM      478160104     356      6,020  SH       SHARED                         6,020
JOHNSON & JOHNSON                        COMM      478160104  16,179    273,762  SH       SOLE              273,762
KAUFMAN & BROAD HOME CORP.               COMM      48666K109     225      5,600  SH       SHARED                         5,600
KIMBERLY-CLARK CORP.                     COMM      494368103      67      1,120  SH       SHARED                         1,120
KNIGHT RIDDER INC                        COMM      499040103   3,902     60,100  SH       SHARED                        60,100
KNIGHT RIDDER INC                        COMM      499040103   2,532     39,000  SH       SOLE               39,000
KOREA TELECOM CORP. ADR                  COMM      50063P103   1,138     56,000  SH       SHARED                        56,000
KOREA TELECOM CORP. ADR                  COMM      50063P103     569     28,000  SH       SOLE               28,000
L THREE COMM HOLDINGS                    COMM      502424104   9,900    110,000  SH       SHARED                       110,000
L THREE COMM HOLDINGS                    COMM      502424104   6,569     72,990  SH       SOLE               72,990
ESTEE LAUDER COS. INC.                   COMM      518439104   3,847    120,000  SH       SHARED                       120,000
ESTEE LAUDER COS. INC.                   COMM      518439104   2,578     80,400  SH       SOLE               80,400
LEAR SEATING                             COMM      521865105      65      1,710  SH       SHARED                         1,710
LIBERTY MEDIA CORP CL A                  COMM      530718105  12,004    857,400  SH       SHARED                       857,400
LIBERTY MEDIA CORP CL A                  COMM      530718105   7,936    566,822  SH       SOLE              566,822
LILLY, ELI & CO.                         COMM      532457108     191      2,430  SH       SHARED                         2,430
LOCKHEED MARTIN CORP.                    COMM      539830109   5,600    120,000  SH       SHARED                       120,000
LOCKHEED MARTIN CORP.                    COMM      539830109   3,734     80,000  SH       SOLE               80,000
LOEWS CORP.                              COMM      540424108     263      4,740  SH       SHARED                         4,740
LUCENT TECHNOLOGIES INC.                 COMM      549463107      43      6,900  SH       SHARED                         6,900
MBNA CORP.                               COMM      55262L100  10,182    289,250  SH       SHARED                       289,250
MBNA CORP.                               COMM      55262L100     183      5,210  SH       SHARED                         5,210
MBNA CORP.                               COMM      55262L100   6,695    190,202  SH       SOLE              190,202
MARSH & MCLENNAN COS INC                 COMM      571748102   9,671     90,000  SH       SHARED                        90,000
MARSH & MCLENNAN COS INC                 COMM      571748102      62        580  SH       SHARED                           580
MARSH & MCLENNAN COS INC                 COMM      571748102   6,447     60,000  SH       SOLE               60,000
MASTEC INC.                              COMM      576323109      44      6,380  SH       SHARED                         6,380
MATTEL, INC.                             COMM      577081102      52      3,020  SH       SHARED                         3,020
MCDONALD'S CORP                          COMM      580135101      75      2,820  SH       SHARED                         2,820
MCGRAW-HILL COMPANIES INC.               COMM      580645109   3,659     60,000  SH       SHARED                        60,000
MCGRAW-HILL COMPANIES INC.               COMM      580645109   2,439     40,000  SH       SOLE               40,000
MEDTRONIC INC                            COMM      585055106  11,328    221,200  SH       SHARED                       221,200
MEDTRONIC INC                            COMM      585055106     133      2,590  SH       SHARED                         2,590
MEDTRONIC INC                            COMM      585055106   7,327    143,084  SH       SOLE              143,084
MERCK AND CO INC                         COMM      589331107  10,760    183,000  SH       SHARED                       183,000
MERCK AND CO INC                         COMM      589331107     296      5,040  SH       SHARED                         5,040
MERCK AND CO INC                         COMM      589331107   7,138    121,400  SH       SOLE              121,400
MERRILL LYNCH & CO.                      COMM      590188108   9,017    173,000  SH       SHARED                       173,000
MERRILL LYNCH & CO.                      COMM      590188108      99      1,890  SH       SHARED                         1,890
MERRILL LYNCH & CO.                      COMM      590188108   5,750    110,320  SH       SOLE              110,320
MICROSOFT CORP.                          COMM      594918104  27,314    412,280  SH       SHARED                       412,280
MICROSOFT CORP.                          COMM      594918104     780     11,770  SH       SHARED                        11,770
MICROSOFT CORP.                          COMM      594918104  17,740    267,772  SH       SOLE              267,772
MICRON TECHNOLOGY INC                    COMM      595112103   3,720    120,000  SH       SHARED                       120,000
MICRON TECHNOLOGY INC                    COMM      595112103   2,480     80,000  SH       SOLE               80,000
MIDCAP SPDR TRUST SERIES 1               COMM      595635103  27,840    300,000  SH       SHARED                       300,000
MIDCAP SPDR TRUST SERIES 1               COMM      595635103  18,560    200,000  SH       SOLE              200,000
MINNESOTA MINING AND MANUFACTURING CO    COMM      604059105   3,546     30,000  SH       SHARED                        30,000
MINNESOTA MINING AND MANUFACTURING CO    COMM      604059105     104        880  SH       SHARED                           880
MINNESOTA MINING AND MANUFACTURING CO    COMM      604059105   2,352     19,900  SH       SOLE               19,900
MORGAN STANLEY DEAN WITT                 COMM      617446448   6,713    120,000  SH       SHARED                       120,000
MORGAN STANLEY DEAN WITT                 COMM      617446448     139      2,487  SH       SHARED                         2,487
MORGAN STANLEY DEAN WITT                 COMM      617446448   4,475     80,000  SH       SOLE               80,000



MOTOROLA INC                             COMM      620076109      38      2,550  SH       SHARED                         2,550
NASDAQ - 100 SHARES                      COMM      631100104   8,171    210,000  SH       SHARED                       210,000
NASDAQ - 100 SHARES                      COMM      631100104   5,403    138,850  SH       SOLE              138,850
NEW YORK TIMES CO.                       COMM      650111107   4,541    105,000  SH       SHARED                       105,000
NEW YORK TIMES CO.                       COMM      650111107   2,980     68,900  SH       SOLE               68,900
NOKIA CORP. ADR                          COMM      654902204   3,680    150,000  SH       SHARED                       150,000
NOKIA CORP. ADR                          COMM      654902204   1,177     48,000  SH       SOLE               48,000
NORTEL NETWORK CORPORATION               COMM      656568102      20      2,670  SH       SHARED                         2,670
NORTHWEST AIR                            COMM      667280101     942     60,000  SH       SHARED                        60,000
NORTHWEST AIR                            COMM      667280101     628     40,000  SH       SOLE               40,000
NOVELLUS SYSTEMS INC                     COMM      670008101   4,142    105,000  SH       SHARED                       105,000
NOVELLUS SYSTEMS INC                     COMM      670008101   2,762     70,000  SH       SOLE               70,000
NUCOR CORP.                              COMM      670346105   3,453     65,200  SH       SHARED                        65,200
NUCOR CORP.                              COMM      670346105   2,267     42,800  SH       SOLE               42,800
OLD REPUBLIC INTERNATIONAL CORP.         COMM      680223104      53      1,900  SH       SHARED                         1,900
ORACLE CORPORATION                       COMM      68389X105      86      6,250  SH       SHARED                         6,250
PPL CORPORATION                          COMM      69351T106      33        940  SH       SHARED                           940
PANCANADIAN ENERGY CORP                  COMM      69831A107      38      1,477  SH       SHARED                         1,477
PEPSICO INC                              COMM      713448108  14,573    299,300  SH       SHARED                       299,300
PEPSICO INC                              COMM      713448108     193      3,964  SH       SHARED                         3,964
PEPSICO INC                              COMM      713448108   9,655    198,291  SH       SOLE              198,291
(R) PETROCORP INC.                       COMM      71645N101   7,790  1,731,000  SH       SHARED                     1,731,000
PFIZER INC                               COMM      717081103  16,388    411,250  SH       SHARED                       411,250
PFIZER INC                               COMM      717081103     548     13,740  SH       SHARED                        13,740
PFIZER INC                               COMM      717081103  10,464    262,590  SH       SOLE              262,590
PHARMACIA CORP.                          COMM      71713U102     119      2,780  SH       SHARED                         2,780
PHILIP MORRIS COS INC                    COMM      718154107  16,506    360,000  SH       SHARED                       360,000
PHILIP MORRIS COS INC                    COMM      718154107     682     14,870  SH       SHARED                        14,870
PHILIP MORRIS COS INC                    COMM      718154107  10,973    239,320  SH       SOLE              239,320
POPULAR INC                              COMM      733174106     105      3,610  SH       SHARED                         3,610
PRICE (T. ROWE) ASSOCIATES               COMM      74144T108      59      1,690  SH       SHARED                         1,690
PRINCIPAL FINANCIAL GROUP                COMM      74251V102   1,872     78,000  SH       SHARED                        78,000
PRINCIPAL FINANCIAL GROUP                COMM      74251V102   1,248     52,000  SH       SOLE               52,000
PROCTER AND GAMBLE                       COMM      742718109  14,718    186,000  SH       SHARED                       186,000
PROCTER AND GAMBLE                       COMM      742718109     223      2,820  SH       SHARED                         2,820
PROCTER AND GAMBLE                       COMM      742718109   9,693    122,490  SH       SOLE              122,490
PROGRESS ENERGY INC                      COMM      743263105   3,377     75,000  SH       SHARED                        75,000
PROGRESS ENERGY INC                      COMM      743263105   2,252     50,000  SH       SOLE               50,000
PROGRESSIVE CORP.                        COMM      743315103     148        990  SH       SHARED                           990
PROLOGIS TRUST                           COMM      743410102      69      3,210  SH       SHARED                         3,210
PRUDENTIAL FINANCIAL INC                 COMM      744320102   4,547    137,000  SH       SHARED                       137,000
PRUDENTIAL FINANCIAL INC                 COMM      744320102   3,037     91,500  SH       SOLE               91,500
QUALCOMM INC                             COMM      747525103   3,030     60,000  SH       SHARED                        60,000
QUALCOMM INC                             COMM      747525103   2,020     40,000  SH       SOLE               40,000
QWEST COMMUNICATIONS                     COMM      749121109      50      3,560  SH       SHARED                         3,560
RELIANT ENERGY INC                       COMM      75952J108     151      5,710  SH       SHARED                         5,710
ROBT HALF INTL                           COMM      770323103     150      5,630  SH       SHARED                         5,630
ROYAL DUTCH PETROLEUM CO.                COMM      780257804     229      4,680  SH       SHARED                         4,680
SBC COMMUNICATIONS INC.                  COMM      78387G103  10,629    271,361  SH       SHARED                       271,361
SBC COMMUNICATIONS INC.                  COMM      78387G103     493     12,590  SH       SHARED                        12,590
SBC COMMUNICATIONS INC.                  COMM      78387G103   6,933    176,985  SH       SOLE              176,985
SEI INVESTMENTS                          COMM      784117103      44        980  SH       SHARED                           980
SK TELECOM CO. LTD. ADR                  COMM      78440P108   1,297     60,000  SH       SHARED                        60,000
SK TELECOM CO. LTD. ADR                  COMM      78440P108     649     30,000  SH       SOLE               30,000
SAFEWAY INC.                             COMM      786514208      43      1,040  SH       SHARED                         1,040
ST. JOE CORP.                            COMM      790148100     152      5,490  SH       SHARED                         5,490
SAMSUNG ELECTRONICS -GDR (SMSN)          COMM      796050888   1,150     10,000  SH       SHARED                        10,000
SAMSUNG ELECTRONICS -GDR (SMSN)          COMM      796050888     575      5,000  SH       SOLE                5,000
SARA LEE CORP.                           COMM      803111103     124      5,600  SH       SHARED                         5,600
SCHERING PLOUGH CORP                     COMM      806605101     113      3,150  SH       SHARED                         3,150
SCHLUMBERGER LTD                         COMM      806857108      74      1,350  SH       SHARED                         1,350
SCHWAB (CHARLES) CORP                    COMM      808513105      45      2,930  SH       SHARED                         2,930
TECHNOLOGY SELECT SECT SPDR              COMM      81369Y803   8,640    360,000  SH       SHARED                       360,000
TECHNOLOGY SELECT SECT SPDR              COMM      81369Y803   5,760    240,000  SH       SOLE              240,000
SELECT COMFORT COMMON STOCK              COMM      81616*106   6,248  4,806,022  SH       SHARED                     4,806,022
SIEBEL SYSTEMS                           COMM      826170102      24        840  SH       SHARED                           840
SOUTHERN COMPANY                         COMM      842587107   5,324    210,000  SH       SHARED                       210,000
SOUTHERN COMPANY                         COMM      842587107   3,549    140,000  SH       SOLE              140,000
SPRINT CORP (PCS)                        COMM      852061506   4,394    180,000  SH       SHARED                       180,000
SPRINT CORP (PCS)                        COMM      852061506      49      2,000  SH       SHARED                         2,000
SPRINT CORP (PCS)                        COMM      852061506   2,929    120,000  SH       SOLE              120,000
STARWOOD HOTELS & RESORTS TRUST          COMM      85590A203   3,582    120,000  SH       SHARED                       120,000
STARWOOD HOTELS & RESORTS TRUST          COMM      85590A203   2,388     80,000  SH       SOLE               80,000
SUN MICROSYSTEMS INC                     COMM      866810104   3,102    252,220  SH       SHARED                       252,220
SUN MICROSYSTEMS INC                     COMM      866810104      45      3,640  SH       SHARED                         3,640
SUN MICROSYSTEMS INC                     COMM      866810104   2,361    191,980  SH       SOLE              191,980
TEXAS UTILITIES                          COMM      873168108   2,593     55,000  SH       SHARED                        55,000
TEXAS UTILITIES                          COMM      873168108     185      3,920  SH       SHARED                         3,920
TEXAS UTILITIES                          COMM      873168108   1,643     34,850  SH       SOLE               34,850
TAIWAN SEMICONDUCTOR                     COMM      874039100   4,657    271,200  SH       SHARED                       271,200
TAIWAN SEMICONDUCTOR                     COMM      874039100   2,968    172,864  SH       SOLE              172,864
TARGET CORP                              COMM      87612E106  14,778    360,000  SH       SHARED                       360,000
TARGET CORP                              COMM      87612E106      80      1,960  SH       SHARED                         1,960
TARGET CORP                              COMM      87612E106   9,797    238,650  SH       SOLE              238,650
TECH DATA CORP                           COMM      878237106     106      2,450  SH       SHARED                         2,450



TEXAS INSTRUMENT                         COMM      882508104     106      3,780  SH       SHARED                         3,780
TORCHMARK                                COMM      891027104     152      3,860  SH       SHARED                         3,860
TYCO INTERNATIONAL LTD.                  COMM      902124106  11,268    191,300  SH       SHARED                       191,300
TYCO INTERNATIONAL LTD.                  COMM      902124106     224      3,810  SH       SHARED                         3,810
TYCO INTERNATIONAL LTD.                  COMM      902124106   7,332    124,476  SH       SOLE              124,476
MARATHON OIL CORP.                       COMM      902905827     300      9,990  SH       SHARED                         9,990
US BANCORP - NEW                         COMM      902973304      86      4,124  SH       SHARED                         4,124
UNILEVER NV                              COMM      904784709      73      1,260  SH       SHARED                         1,260
UNION PACIFIC CORP.                      COMM      907818108   5,130     90,000  SH       SHARED                        90,000
UNION PACIFIC CORP.                      COMM      907818108   3,397     59,600  SH       SOLE               59,600
UNITED PARCEL SERVICE                    COMM      911312106   7,358    135,000  SH       SHARED                       135,000
UNITED PARCEL SERVICE                    COMM      911312106   4,797     88,010  SH       SOLE               88,010
UNITED TECHNOLOGIES CORP.                COMM      913017109   6,786    105,000  SH       SHARED                       105,000
UNITED TECHNOLOGIES CORP.                COMM      913017109      63        970  SH       SHARED                           970
UNITED TECHNOLOGIES CORP.                COMM      913017109   4,524     70,000  SH       SOLE               70,000
VERISIGN INC                             COMM      92343E102   3,424     90,000  SH       SHARED                        90,000
VERISIGN INC                             COMM      92343E102   2,282     60,000  SH       SOLE               60,000
VERIZON COMMUNICATIONS                   COMM      92343V104  17,113    360,570  SH       SHARED                       360,570
VERIZON COMMUNICATIONS                   COMM      92343V104     411      8,650  SH       SHARED                         8,650
VERIZON COMMUNICATIONS                   COMM      92343V104  11,070    233,241  SH       SOLE              233,241
VIACOM INC. CL B                         COMM      925524308     141      3,190  SH       SHARED                         3,190
VINTAGE PETRO                            COMM      927460105     120      8,280  SH       SHARED                         8,280
VISHAY INTERTECHNOLOGY INC.              COMM      928298108     133      6,840  SH       SHARED                         6,840
WACHOVIA  CORP - NEW                     COMM      929903102      57      1,810  SH       SHARED                         1,810
WAL-MART STORES INC                      COMM      931142103  15,700    272,800  SH       SHARED                       272,800
WAL-MART STORES INC                      COMM      931142103     564      9,800  SH       SHARED                         9,800
WAL-MART STORES INC                      COMM      931142103  10,164    176,608  SH       SOLE              176,608
WALGREEN CO.                             COMM      931422109   8,078    240,000  SH       SHARED                       240,000
WALGREEN CO.                             COMM      931422109      72      2,140  SH       SHARED                         2,140
WALGREEN CO.                             COMM      931422109   5,376    159,700  SH       SOLE              159,700
WASHINGTON MUTUAL INC                    COMM      939322103     343     10,500  SH       SHARED                        10,500
WEIGHT WATCHERS INTL INC                 COMM      948626106   1,015     30,000  SH       SOLE               30,000
WELLS FARGO & CO                         COMM      949746101     186      4,270  SH       SHARED                         4,270
WORLDCOM INC                             COMM      98157D106      89      6,290  SH       SHARED                         6,290
WORLDCOM INC - MCI GROUP                 COMM      98157D304       3        251  SH       SHARED                           251
XANTEL                                   COMM      98388#102       -    229,697  SH       SHARED                       229,697
ZIMMER HOLDINGS INC                      COMM      98956P102   7,758    254,040  SH       SHARED                       254,040
ZIMMER HOLDINGS INC                      COMM      98956P102      13        417  SH       SHARED                           417
ZIMMER HOLDINGS INC                      COMM      98956P102   5,188    169,864  SH       SOLE              169,864
AMDOCS LTD                               COMM      G02602103  10,802    318,000  SH       SHARED                       318,000
AMDOCS LTD                               COMM      G02602103   6,930    204,000  SH       SOLE              204,000
TEEKAY SHIPPING                          COMM      Y8564W103      53      1,520  SH       SHARED                         1,520