-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TvDn6RoKnWSOOFilqxbc4d6gj2EHq1BtnO0+Bz1ySNdig6nm0e3EZd6uHu2BEwsq 8MXpYRxJBv5DM34alMmdnw== 0000765443-02-000010.txt : 20020813 0000765443-02-000010.hdr.sgml : 20020813 20020813102237 ACCESSION NUMBER: 0000765443-02-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020630 FILED AS OF DATE: 20020813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUFF & PHELPS INVESTMENT MANAGEMENT CO CENTRAL INDEX KEY: 0000765443 IRS NUMBER: 363027981 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01420 FILM NUMBER: 02728138 BUSINESS ADDRESS: STREET 1: 55 EAST MONROE STREET 2: SUITE 3600 CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3122632610 MAIL ADDRESS: STREET 1: 55 EAST MONROE STREET 2: SUITE 3600 CITY: CHICAGO STATE: IL ZIP: 60603 13F-HR 1 r20020630.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Calender Year of Quarter Ended: June 28, 2002 Check here if Amendment[ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Duff & Phelps Investment Management Co. Address: 55 East Monroe Street, Suite 3600 Chicago, IL 60603 13F File Number: 28-1420 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 Steve Tobin Title AVP - Operations Phone (312) 630-4666 Signature, Place, and Date of Signing: __________________________ in Chicago, IL on 8/2/02 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 Form 13F Information Table Entry Total: 290 Form 13F Information Table Value Total: 2318175 List of Other Included Managers: No. 13F File Number: Name: 01 28-1420 Boyd Watterson Asset Mgt. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- -------- 3M Co Common Stock 88579Y101 271 2210 SH SOLE 2210 A T & T Corp Common Stock 001957109 212 19825 SH SOLE 19825 Abbott Laboratories W/Rts Common Stock 002824100 951 25219 SH SOLE 25219 Accenture Ltd Common Stock G1150G111 34 1795 SH SOLE 1795 Ace Ltd Common Stock G0070K103 73 2300 SH SOLE 2300 AES Corp Common Stock 00130H105 16 2840 SH SOLE 2840 AGERE SYSTEMS INC CL A Common Stock 00845V100 SH SOLE AGERE SYSTEMS INC CL B Common Stock 00845V209 1 SH SOLE 1 Agilent Tech W/Rts Common Stock 00846U101 645 27260 SH SOLE 27260 AGL Resources Inc Common Stock 001204106 21483 926000 SH SOLE 926000 Alcoa Inc Common Stock 013817101 159 4800 SH SOLE 4800 Alexandria Real Estate W/Rts Common Stock 015271109 2317 47000 SH DEFINED 01 37000 10000 Allegheny Energy Inc Common Stock 017361106 33475 1300000 SH SOLE 1300000 Allegheny Technologies Inc Common Stock 01741R102 9 590 SH SOLE 590 Allete Inc Common Stock 018522102 27100 1000000 SH SOLE 1000000 Alltel Corp Convertible Pfd 020039822 9708 200000 SH SOLE 200000 Alltel Corp Common Stock 020039103 47608 1012945 SH SOLE 1012945 Ameren Corp Convertible Pfd 023608201 20212 750000 SH SOLE 750000 American Elect Power Inc Common Stock 025537101 75 1875 SH SOLE 1875 American Express Co Common Stock 025816109 5205 143310 SH SOLE 143310 American Intl Group Inc Common Stock 026874107 7812 114502 SH SOLE 114502 American Standard Co Common Stock 029712106 1162 15470 SH SOLE 15470 Amgen Inc Common Stock 031162100 245 5870 SH SOLE 5870 Anadarko Petroleum Corp Common Stock 032511107 916 18590 SH SOLE 18590 Analog Devices Inc Common Stock 032654105 369 12410 SH SOLE 12410 Anheuser Busch Cos Inc Common Stock 035229103 246 4940 SH SOLE 4940 AnnTaylor Stores Corp Common Stock 036115103 59 2340 SH SOLE 2340 AOL Time Warner Inc Common Stock 00184A105 4112 279525 SH SOLE 279525 Apache Corp Common Stock 037411105 1145 19898 SH SOLE 19898 Apartment Investment & Mgt Common Stock 03748R101 15073 306360 SH DEFINED 01 293850 12510 Applied Materials Inc Common Stock 038222105 377 19795 SH SOLE 19795 Aquila Inc Common Stock 03840P102 19400 2425000 SH SOLE 2425000 Aquila Inc Convertible Pfd 03840P201 4599 450900 SH SOLE 450900 Archstone-Smith Trust Common Stock 039583109 7650 286505 SH DEFINED 01 271449 15057 Autodesk Inc Common Stock 052769106 43 3260 SH SOLE 3260 Avalonbay Communities Inc Common Stock 053484101 4006 85800 SH DEFINED 01 82400 3400 Avnet Inc Common Stock 053807103 40 1810 SH SOLE 1810 Avon Products Inc Common Stock 054303102 8452 161810 SH SOLE 161810 B J Services Co Common Stock 055482103 84 2475 SH SOLE 2475 Baker Hughes Inc Common Stock 057224107 65 1925 SH SOLE 1925 Bank of America Corp Common Stock 060505104 6871 97665 SH SOLE 97665 Bank One Corp Common Stock 06423A103 254 6591 SH SOLE 6591 Baxter Intl Corp Common Stock 071813109 149 3350 SH SOLE 3350 Beckman Coutler Inc Common Stock 075811109 109 2175 SH SOLE 2175 Becton Dickinson & Co Common Stock 075887109 801 23237 SH SOLE 23237 Bell South Corp Common Stock 079860102 54495 1730000 SH SOLE 1730000 Best Buy Company Inc Common Stock 086516101 5835 160770 SH SOLE 160770 Black & Decker Corp Common Stock 091797100 24 500 SH SOLE 500 Boeing Co Common Stock 097023105 1013 22505 SH SOLE 22505 Boise Cascade Corp Common Stock 097383103 12 330 SH SOLE 330 Boston Properties Common Stock 101121101 19647 491760 SH DEFINED 01 470960 20800 BP Plc ADRs 055622104 164 3245 SH SOLE 3245 Bristol-Myers Squibb Co Common Stock 110122108 282 10930 SH SOLE 10930 Burlington Northern Santa Fe Common Stock 12189T104 71 2335 SH SOLE 2335 Camden Property Trust Common Stock 133131102 8878 239700 SH DEFINED 01 227500 12200 Campbell Soup Co Common Stock 134429109 65 2360 SH SOLE 2360 CBL & Associates Common Stock 124830100 23090 570148 SH DEFINED 01 541048 29100 CDW Computer Centers Inc Common Stock 125129106 551 11760 SH SOLE 11760 Celestica Inc. Common Stock 15101Q108 415 18270 SH SOLE 18270 Centerpoint Properties Corp Common Stock 151895109 21328 367651 SH DEFINED 01 350076 17575 Centurytel Inc Common Stock 156700106 89 3025 SH SOLE 3025 Centurytel Inc Convertible Pfd 156700403 20600 800000 SH SOLE 800000 Chelsea Property Group Inc Common Stock 163421100 27285 815736 SH DEFINED 01 781436 34300 Cigna Corp Common Stock 125509109 78 805 SH SOLE 805 Cinergy Convertible Pfd 172474207 36601 626200 SH SOLE 626200 Cisco System Inc Common Stock 17275R102 3725 267098 SH SOLE 267098 Citigroup Inc Common Stock 172967101 6410 165417 SH SOLE 165417 Clear Channel Commun Inc Common Stock 184502102 107 3355 SH SOLE 3355 CNF Transportation Inc Common Stock 12612W104 108 2850 SH SOLE 2850 Coach Inc Common Stock 189754104 86 1570 SH SOLE 1570 Coca-Cola Co Common Stock 191216100 781 13925 SH SOLE 13925 Colgate-Palmolive Co Common Stock 194162103 156 3115 SH SOLE 3115 Colonial Properties Trust Common Stock 195872106 875 22500 SH DEFINED 01 21000 1500 Community Health Systems Common Stock 203668108 75 2790 SH SOLE 2790 Computer Sciences Corp Common Stock 205363104 4856 101565 SH SOLE 101565 Conoco Inc Common Stock 208251504 4564 164189 SH SOLE 164189 Constellation Energy Group Common Stock 210371100 693 23602 SH SOLE 23602 Corporate Office Properties Common Stock 22002T108 2012 138000 SH DEFINED 01 131342 6658 Countrywide Credit Ind Inc Common Stock 222372104 1311 27170 SH SOLE 27170 Cox Communications Inc Convertible Pfd 224044305 20380 500000 SH SOLE 500000 Danaher Corp Common Stock 235851102 84 1260 SH SOLE 1260 Dell Computer Corp Common Stock 247025109 1335 51077 SH SOLE 51077 Delta Air Lines Inc Common Stock 247361108 13 640 SH SOLE 640 Deluxe Corp Common Stock 248019101 76 1960 SH SOLE 1960 Dentsply Intl Inc Common Stock 249030107 110 2985 SH SOLE 2985 Developers Div Rty W/PPRTS Common Stock 251591103 11316 502929 SH DEFINED 01 478481 24448 Disney (Walt) Co Common Stock 254687106 218 11495 SH SOLE 11495 Dominion Resources Inc Common Stock 25746U109 52695 796000 SH SOLE 796000 Dominion Resources Inc Convertible Pfd 25746U208 27315 450000 SH SOLE 450000 Doral Financial Corp Common Stock 25811P100 126 3780 SH SOLE 3780 Dow Chemical Co Common Stock 260543103 176 5120 SH SOLE 5120 DTE Energy Co Common Stock 233331107 63255 1417000 SH SOLE 1417000 DTE Energy Co Convertible Pfd 233331206 20651 786700 SH SOLE 786700 Duke Capital Fin Trust III Preferred Stock 26439F201 18746 700000 SH SOLE 700000 Duke Energy Corp Common Stock 264399106 40430 1300000 SH SOLE 1300000 Duke Energy Corp Convertible Pfd 264399585 27000 1200000 SH SOLE 1200000 Duke Realty Corp Common Stock 264411505 11594 400450 SH DEFINED 01 382000 18450 DuPont E I deNemours Common Stock 263534109 3082 69397 SH SOLE 69397 Eastman Kodak Co Common Stock 277461109 48 1650 SH SOLE 1650 EIX Trust II Preferred Stock 26853P206 5185 223500 SH SOLE 223500 El Paso Corp Common Stock 28336L109 59 2880 SH SOLE 2880 Electronic Data Systems Corp Common Stock 285661104 3929 105720 SH SOLE 105720 EMC Corp Common Stock 268648102 93 12540 SH SOLE 12540 Emerson Electric Co Common Stock 291011104 4617 86300 SH SOLE 86300 Energy East Corp Common Stock 29266M109 24860 1100000 SH SOLE 1100000 Engelhard Corp Common Stock 292845104 85 3000 SH SOLE 3000 Entergy Corp Common Stock 29364G103 42705 1006260 SH SOLE 1006260 Equity Office Properties Common Stock 294741103 13295 441701 SH DEFINED 01 420501 21200 Equity Residential Common Stock 29476L107 12580 437600 SH DEFINED 01 417400 20200 Essex Properties Common Stock 297178105 7021 128370 SH DEFINED 01 122500 5870 Everest RE Group LTD Common Stock G3223R108 77 1380 SH SOLE 1380 Exelon Corp Common Stock 30161N101 52396 1001832 SH SOLE 1001832 Exxon Mobil Corp Common Stock 30231G102 9799 239431 SH SOLE 239431 Fairchild Semicon Intl Common Stock 303726103 87 3590 SH SOLE 3590 Federal Natl Mortgage Assn Common Stock 313586109 7875 106775 SH SOLE 106775 Fedex Corp Common Stock 31428X106 89 1670 SH SOLE 1670 First Data Corp Common Stock 319963104 4776 128400 SH SOLE 128400 First Industrial Realty Tr Common Stock 32054K103 8990 273700 SH DEFINED 01 259300 14400 Fisher Scientific Int't Common Stock 338032204 86 3085 SH SOLE 3085 Fluor Corp (New) Common Stock 343412102 1 20 SH SOLE 20 Ford Motor Co Common Stock 345370860 2485 155210 SH SOLE 155210 FPL Group Inc Convertible Pfd 302571203 27705 500000 SH SOLE 500000 FPL Group Inc Common Stock 302571104 53991 900000 SH SOLE 900000 General Dynamics Corp Common Stock 369550108 119 1120 SH SOLE 1120 General Electric Co Common Stock 369604103 7153 246207 SH SOLE 246207 General Growth Properties Common Stock 370021107 19614 384575 SH DEFINED 01 368075 16500 General Motors Corp Common Stock 370442105 166 3125 SH SOLE 3125 Georgia-Pacific Corp Common Stock 373298108 2569 104500 SH SOLE 104500 Gillette Co Common Stock 375766102 201 5920 SH SOLE 5920 Guidant Corp Common Stock 401698105 387 12770 SH SOLE 12770 Halliburton Co Common Stock 406216101 2710 169950 SH SOLE 169950 Harrah's Casinos Common Stock 413619107 27 600 SH SOLE 600 Hartford Financial Svcs Gp Common Stock 416515104 83 1380 SH SOLE 1380 HCA Inc Common Stock 404119109 137 2895 SH SOLE 2895 Health Care PPTYS Invest Inc Common Stock 421915109 9057 211100 SH DEFINED 01 201660 9440 Healthcare Realty Trust Inc Common Stock 421946104 8939 279305 SH DEFINED 01 266840 12465 Heinz H J Co Common Stock 423074103 81 1960 SH SOLE 1960 Hewitt Associates Inc Common Stock 42822Q100 23 1000 SH SOLE 1000 Hewlett-Packard Co Common Stock 428236103 310 20280 SH SOLE 20280 Home Depot Inc Common Stock 437076102 1031 28071 SH SOLE 28071 Honeywell International Common Stock 438516106 874 24782 SH SOLE 24782 Hospitality Properties Trust Common Stock 44106M102 9215 252400 SH DEFINED 01 240800 11600 Iberdrola SA Foreign Common 4424640$0 25591 1750000 SH SOLE 1750000 IDEC Pharmaceuticals Corp Common Stock 449370105 40 1135 SH SOLE 1135 Illinois Tool Works Inc Common Stock 452308109 3923 57440 SH SOLE 57440 Ingersoll Rand Co Limited Common Stock G4776G101 1333 29190 SH SOLE 29190 Integrated Circuit Systems Common Stock 45811K208 50 2455 SH SOLE 2455 Intel Corp Common Stock 458140100 3940 215525 SH SOLE 215525 International Paper Co Common Stock 460146103 121 2757 SH SOLE 2757 Interstate Hotels Corp Common Stock 46088R108 1 414 SH DEFINED 01 414 Intl Business Machines Corp Common Stock 459200101 3797 52710 SH SOLE 52710 Intl Rectifier Corp Common Stock 460254105 43 1485 SH SOLE 1485 IStar Financial Inc Common Stock 45031U101 11425 400920 SH DEFINED 01 381610 19310 ITT Industries Inc Common Stock 450911102 1154 16345 SH SOLE 16345 J P Morgan Chase & Co Common Stock 46625H100 7591 223790 SH SOLE 223790 Jefferson-Pilot Corp Common Stock 475070108 47 990 SH SOLE 990 Johnson & Johnson Co Common Stock 478160104 5034 96340 SH SOLE 96340 Keyspan Corp Convertible Pfd 49337W407 5220 100000 SH SOLE 100000 Keyspan Corp Common Stock 49337W100 37712 1001640 SH SOLE 1001640 Kimberly-Clark Corp Common Stock 494368103 3595 58000 SH SOLE 58000 Kimco Realty Corp Common Stock 49446R109 2621 78304 SH DEFINED 01 73679 4625 KLA-Tencor Corp Common Stock 482480100 43 975 SH SOLE 975 Knight Ridder Inc Common Stock 499040103 378 5993 SH SOLE 5993 KPMG Consulting Common Stock 48265R109 45 3050 SH SOLE 3050 Leggett & Platt Inc Common Stock 524660107 81 3465 SH SOLE 3465 Lehman Bros Holding Inc Common Stock 524908100 84 1330 SH SOLE 1330 Lexmark Intl Inc Common Stock 529771107 111 2045 SH SOLE 2045 Lilly (Eli) & Co Common Stock 532457108 3858 68405 SH SOLE 68405 Limited Inc Common Stock 532716107 111 5235 SH SOLE 5235 Lincoln National Corp Common Stock 534187109 49 1170 SH SOLE 1170 Lucent Technologies Inc Common Stock 549463107 32 19190 SH SOLE 19190 Macerich Co Common Stock 554382101 5293 170750 SH DEFINED 01 161950 8800 Mack-Cali Realty Corp W/Rts Common Stock 554489104 872 24800 SH DEFINED 01 23900 900 Manufactured Home Communities Common Stock 564682102 56 1598 SH SOLE 1598 Masco Corp Common Stock 574599106 3971 146500 SH SOLE 146500 Mattel Inc Common Stock 577081102 1228 58255 SH SOLE 58255 May Department Stores Co Common Stock 577778103 58 1735 SH SOLE 1735 McDonald's Corp Common Stock 580135101 3308 116250 SH SOLE 116250 MediaOne/Vodafone PIES Convertible Pfd 58440J500 8228 550000 SH SOLE 550000 MedImmune Corp Common Stock 584699102 36 1390 SH SOLE 1390 Medtronic Inc Common Stock 585055106 4474 104389 SH SOLE 104389 Merck & Co Inc Common Stock 589331107 2878 56865 SH SOLE 56865 Merrill Lynch & Co Inc Common Stock 590188108 192 4745 SH SOLE 4745 MGIC Investment Corp W/Rts Common Stock 552848103 8683 128093 SH SOLE 128093 MICROCHIP TECHNOLOGY INC. Common Stock 595017104 1 SH SOLE 1 Micron Technology Inc Common Stock 595112103 36 1785 SH SOLE 1785 Microsoft Corp Common Stock 594918104 9083 166023 SH SOLE 166023 Morgan Stanley Common Stock 617446448 267 6205 SH SOLE 6205 Nabors Industries Ltd Common Stock G6359F103 457 12937 SH SOLE 12937 NASDAQ-100 SHARES Common Stock 631100104 3 100 SH SOLE 100 National City Corp Common Stock 635405103 3404 102400 SH SOLE 102400 National Grid Group ADRs 636274102 7559 215000 SH SOLE 215000 National Grid Group Foreign Common 3122387$0 5470 770000 SH SOLE 770000 National Semiconductor Corp Common Stock 637640103 31 1050 SH SOLE 1050 Nationwide Finl Services Common Stock 638612101 93 2350 SH SOLE 2350 New York Times Co Common Stock 650111107 66 1275 SH SOLE 1275 Newell Rubbermaid Inc Common Stock 651229106 794 22640 SH SOLE 22640 Nextel Communications Inc Common Stock 65332V103 14 4480 SH SOLE 4480 Nicor Inc Common Stock 654086107 27450 600000 SH SOLE 600000 Nisource Inc Convertible Pfd 65473P303 21095 500000 SH SOLE 500000 Nisource Inc Common Stock 65473P105 49262 2256600 SH SOLE 2256600 Noble Corp Common Stock G65422100 183 4735 SH SOLE 4735 Norfolk Southern Corp Common Stock 655844108 51 2165 SH SOLE 2165 Nortel Networks Corp Common Stock 656568102 26 18110 SH SOLE 18110 NStar Common Stock 67019E107 59047 1318600 SH SOLE 1318600 Omnicom Group Inc Common Stock 681919106 3174 69300 SH SOLE 69300 Oracle Corp Common Stock 68389X105 296 31100 SH SOLE 31100 Pactiv Corp Common Stock 695257105 93 3895 SH SOLE 3895 Pan Pacific Retail Property Common Stock 69806L104 15473 452650 SH DEFINED 01 431300 21350 PartnerRe Ltd Common Stock G6852T105 59 1215 SH SOLE 1215 Pentair Inc Common Stock 709631105 91 1900 SH SOLE 1900 Peoples Energy Corp Common Stock 711030106 21876 600000 SH SOLE 600000 Pepsi Bottling Group Common Stock 713409100 1606 52185 SH SOLE 52185 PepsiCo Inc Common Stock 713448108 4487 93100 SH SOLE 93100 Pfizer Inc Common Stock 717081103 8581 245197 SH SOLE 245197 Pharmacia Corp Common Stock 71713U102 272 7280 SH SOLE 7280 Philip Morris Cos Inc Common Stock 718154107 928 21220 SH SOLE 21220 Pinnacle West Capital Corp Common Stock 723484101 44240 1120000 SH SOLE 1120000 Pitney Bowes Inc Common Stock 724479100 2491 62700 SH SOLE 62700 PP&L Capital Trust II Preferred Stock 693498206 5225 209000 SH SOLE 209000 PPG Industries Inc Common Stock 693506107 870 14070 SH SOLE 14070 Principal Financial Group Common Stock 74251V102 660 21302 SH SOLE 21302 Procter & Gamble Co Common Stock 742718109 645 7230 SH SOLE 7230 Progress Energy Inc Common Stock 743263105 71514 1375000 SH SOLE 1375000 Prologis Trust Common Stock 743410102 14909 573400 SH DEFINED 01 540100 33300 Public Serv Enterprises Grp Common Stock 744573106 43300 1000000 SH SOLE 1000000 Public Storage Inc Common Stock 74460D109 13389 360915 SH DEFINED 01 345700 15215 RadioShack Corp Common Stock 750438103 30 980 SH SOLE 980 Raytheon Co Common Stock 755111507 91 2230 SH SOLE 2230 Realty Income Corp Common Stock 756109104 5289 143200 SH DEFINED 01 135500 7700 Reckson Assoc Realty Common Stock 75621K106 2589 103900 SH DEFINED 01 99200 4700 Reckson Assoc Realty Common Stock 75621K304 5102 200045 SH DEFINED 01 190045 10000 RenaissanceRe Holdings Ltd Common Stock G7496G103 91 2475 SH SOLE 2475 Rockwell Intl Corp Common Stock 773903109 18 890 SH SOLE 890 S L Green Realty Co Common Stock 78440X101 14802 415200 SH DEFINED 01 398050 17150 Sara Lee Corp Common Stock 803111103 91 4440 SH SOLE 4440 SBC Communications Inc Common Stock 78387G103 53649 1758953 SH SOLE 1758953 Schlumberger Ltd Common Stock 806857108 151 3240 SH SOLE 3240 Scottish & Southern Energy Foreign Common 0790873$6 8428 850000 SH SOLE 850000 Scottish & Southern Energy ADRs 81012K309 19785 200000 SH SOLE 200000 Sears Roebuck & Co Common Stock 812387108 1272 23430 SH SOLE 23430 Shurgard Storage Centers Common Stock 82567D104 6986 201350 SH DEFINED 01 191040 10310 Simon Property Group Inc Common Stock 828806109 21377 580265 SH DEFINED 01 554700 25565 SLM Corp Common Stock 78442P106 815 8418 SH SOLE 8418 Smurfit-Stone Container Corp Common Stock 832727101 80 5200 SH SOLE 5200 Southern Co Common Stock 842587107 72643 2651210 SH SOLE 2651210 SPX Corp Common Stock 784635104 77 655 SH SOLE 655 St Jude Medical Inc Common Stock 790849103 80 1090 SH SOLE 1090 Swisscom AG ADRs 871013108 20300 700000 SH SOLE 700000 Taubman Centers Inc Common Stock 876664103 412 27000 SH SOLE 27000 Telecom New Zealand ADRs 879278208 16705 856250 SH SOLE 856250 Telstra ADRs 87969N204 14210 1068400 SH SOLE 1068400 Teradyne Inc Common Stock 880770102 56 2395 SH SOLE 2395 Texas Instruments Inc Common Stock 882508104 281 11860 SH SOLE 11860 TJX Companies Inc Common Stock 872540109 991 50605 SH SOLE 50605 Toys R Us Inc Common Stock 892335100 21 1190 SH SOLE 1190 Travelers Property Casualty Common Stock 89420G109 472 26710 SH SOLE 26710 TXU Corp Convertible Pfd 873168884 25225 500000 SH SOLE 500000 TXU Corp Convertible Pfd 873168504 21684 400000 SH SOLE 400000 TXU Corp Convertible Pfd 873168207 21179 789100 SH SOLE 789100 TXU Corp Common Stock 873168108 21690 420748 SH SOLE 420748 TYCO International Ltd Common Stock 902124106 149 11064 SH SOLE 11064 U S Bancorp Common Stock 902973304 327 14048 SH SOLE 14048 Union Pacific Corp Common Stock 907818108 1118 17646 SH SOLE 17646 Unisys Corp Common Stock 909214108 15 1620 SH SOLE 1620 United Defense Industries Inc Common Stock 91018B104 45 1970 SH SOLE 1970 United Dominion Realty Common Stock 910197102 11931 757400 SH DEFINED 01 732800 24600 United Technologies Corp Common Stock 913017109 1027 15115 SH SOLE 15115 UnitedHealth Group Inc Common Stock 91324P102 949 10370 SH SOLE 10370 Valero Energy Corp Common Stock 91913Y100 37 985 SH SOLE 985 Vectren Corp Common Stock 92240G101 37650 1500000 SH SOLE 1500000 Verizon Communications Inc Common Stock 92343V104 65698 1636318 SH SOLE 1636318 Viacom Inc Common Stock 925524308 1394 31453 SH SOLE 31453 Vishay Intertechnology Inc Common Stock 928298108 39 1775 SH SOLE 1775 Vornado Operating Co Common Stock 92904N103 6 8260 SH DEFINED 01 7695 565 Vornado Realty Trust Common Stock 929042109 30276 655310 SH DEFINED 01 628060 27250 Walgreen Co Common Stock 931422109 8460 218997 SH SOLE 218997 Wal-Mart Stores Inc Common Stock 931142103 6075 110430 SH SOLE 110430 Washington Mutual Inc Common Stock 939322103 266 7190 SH SOLE 7190 Weatherford Intl Ltd Common Stock G95089101 1402 32475 SH SOLE 32475 Weingarten Realty Invest Common Stock 948741103 12203 344752 SH DEFINED 01 328050 16702 Wellpoint Health Networks Inc Common Stock 94973H108 5839 75045 SH SOLE 75045 Wells Fargo Co Common Stock 949746101 1272 25382 SH SOLE 25382 Wendy's Intl Inc Common Stock 950590109 68 1715 SH SOLE 1715 Weyerhaeuser Co Common Stock 962166104 145 2280 SH SOLE 2280 WGL Holdings Inc Common Stock 92924F106 25900 1000000 SH SOLE 1000000 Whirlpool Corp Common Stock 963320106 839 12860 SH SOLE 12860 Williams Cos Inc Convertible Pfd 969457886 8444 671246 SH SOLE 671246 Williams Cos Inc Common Stock 969457100 17 2930 SH SOLE 2930 Xerox Corp Common Stock 984121103 29 4080 SH SOLE 4080
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