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

                                   FORM 13F

                              FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended: June 30, 2003
                                               -----------------------

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:         Verizon Investment Management Corp.
                 -------------------------------------
   Address:      695 Main Street, 6th Floor
                 -------------------------------------
                 Stamford, Connecticut  06901
                 -------------------------------------

                 -------------------------------------

Form 13F File Number: 28-04063
                         ---------------------

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:    Marie LoGiudice
         -------------------------------
Title:   Vice President-Operations
         -------------------------------
Phone:   203 965-3726
         -------------------------------

Signature, Place, and Date of Signing:

   /s/                                Stamford, Connecticut      7/31/03
   -------------------------------    ---------------------   -------------
           [Signature]                    [City, State]          [Date]

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 reporting manager(s).)



                             FORM 13F SUMMARY PAGE

Report Summary:


Number of Other Included Managers:      0
                                        --------------------

Form 13F Information Table Entry Total: 950
                                        --------------------

Form 13F Information Table Value Total: $5,773,128
                                        --------------------
                                            (thousands)


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.

NONE




                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
ACE LTD                      ORD             G0070K103           998     29,115   X                                           29,115
ARCH CAP GROUP LTD           ORD             G0450A105           465     13,400   X                                           13,400
BUNGE LIMITED                COM             G16962105           277      9,700   X                                            9,700
COOPER INDS LTD              CL A            G24182100         1,840     44,540   X                                           44,540
INGERSOLL-RAND COMPANY LTD   CL A            G4776G101         4,364     92,216   X                                           92,216
NABORS INDUSTRIES LTD        SHS             G6359F103         1,318     33,354   X                                           33,354
NOBLE CORPORATION            SHS             G65422100           509     14,843   X                                           14,843
PARTNERRE LTD                COM             G6852T105           634     12,400   X                                           12,400
TRANSOCEAN INC               ORD             G90078109         1,656     75,387   X                                           75,387
WEATHERFORD INTERNATIONAL L  COM             G95089101           759     18,108   X                                           18,108
WHITE MTNS INS GROUP LTD     COM             G9618E107           277        700   X                                              700
XL CAP LTD                   CL A            G98255105         1,449     17,460   X                                           17,460
ALCON INC                    COM SHS         H01301102           457     10,000   X                                           10,000
A D C TELECOMMUNICATIONS     COM             000886101           454    197,327   X                                          197,327
AFLAC INC                    COM             001055102        11,398    370,681   X                                          370,681
AGCO CORP                    COM             001084102           472     27,636   X                                           27,636
AGL RES INC                  COM             001204106           310     12,168   X                                           12,168
AES CORP                     COM             00130H105         1,139    179,332   X                                          179,332
AOL TIME WARNER INC          COM             00184A105        40,996  2,547,929   X                                        2,547,929
AT&T CORP                    COM NEW         001957505         7,665    398,174   X                                          398,174
AT&T WIRELESS SVCS INC       COM             00209A106         9,996  1,217,551   X                                        1,217,551
ABBOTT LABS                  COM             002824100        42,559    972,555   X                                          972,555
ABERCROMBIE & FITCH CO       CL A            002896207         1,001     35,247   X                                           35,247
ACTIVISION INC NEW           COM NEW         004930202           815     63,300   X                                           63,300
ACXIOM CORP                  COM             005125109           321     21,077   X                                           21,077
ADOBE SYS INC                COM             00724F101         3,067     95,626   X                                           95,626
ADTRAN INC                   COM             00738A106           231      4,472   X                                            4,472
ADVANCED AUTO PARTS INC      COM             00751Y106           335      5,500   X                                            5,500
ADVANCED FIBRE COMMUNICATIO  COM             00754A105           178     10,862   X                                           10,862
ADVANCEPCS                   COM             00790K109         2,364     61,798   X                                           61,798
ADVANCED MICRO DEVICES INC   COM             007903107           762    118,877   X                                          118,877
AETNA INC NEW                COM             00817Y108         7,767    129,017   X                                          129,017
AFFILIATED COMPUTER SERVICE  CL A            008190100         4,536     99,194   X                                           99,194
AFFYMETRIX INC               COM             00826T108           263     13,364   X                                           13,364
AGERE SYS INC                CL B            00845V209           894    388,663   X                                          388,663
AGILENT TECHNOLOGIES INC     COM             00846U101         1,656     84,728   X                                           84,728
AIR PRODS & CHEMS INC        COM             009158106         4,092     98,376   X                                           98,376
AIRBORNE INC                 COM             009269101           627     30,000   X                                           30,000
ALBEMARLE CORP               COM             012653101           778     27,800   X                                           27,800
ALBERTO CULVER CO            CL B CONV       013068101         2,099     41,077   X                                           41,077
ALBERTSONS INC               COM             013104104         2,288    119,181   X                                          119,181
ALCOA INC                    COM             013817101        12,582    493,393   X                                          493,393
ALLEGHENY ENERGY INC         COM             017361106           141     16,636   X                                           16,636
ALLEN TELECOM INC            COM             018091108           501     30,300   X                                           30,300
ALLERGAN INC                 COM             018490102        10,514    136,371   X                                          136,371
ALLIANT TECHSYSTEMS INC      COM             018804104         1,138     21,928   X                                           21,928
ALLIED WASTE INDS INC        COM PAR$.01NEW  019589308           459     45,643   X                                           45,643
ALLSTATE CORP                COM             020002101        17,024    477,526   X                                          477,526
ALLTEL CORP                  COM             020039103        12,812    265,690   X                                          265,690
ALPHARMA INC                 CL A            020813101           367     17,000   X                                           17,000
ALTERA CORP                  COM             021441100         2,860    174,046   X                                          174,046
ALTRIA GROUP INC             COM             02209S103        49,385  1,086,817   X                                        1,086,817
AMAZON COM INC               COM             023135106         5,097    140,340   X                                          140,340
AMBAC FINL GROUP INC         COM             023139108         4,963     74,915   X                                           74,915
AMERADA HESS CORP            COM             023551104         1,130     22,971   X                                           22,971
AMEREN CORP                  COM             023608102         1,909     43,281   X                                           43,281

                                       1



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
AMERICAN ELEC PWR INC        COM             025537101         4,789    160,540   X                                          160,540
AMERICAN EXPRESS CO          COM             025816109        27,579    659,621   X                                          659,621
AMERICAN INTL GROUP INC      COM             026874107        79,625  1,443,010   X                                        1,443,010
AMERICAN NATL INS CO         COM             028591105           442      5,129   X                                            5,129
AMERICAN PHYSICIANS CAPITAL  COM             028884104           213      8,700   X                                            8,700
AMERICAN PWR CONVERSION COR  COM             029066107           778     49,851   X                                           49,851
AMERICAN STD COS INC DEL     COM             029712106         2,962     40,061   X                                           40,061
AMERICAN TOWER CORP          CL A            029912201           230     26,002   X                                           26,002
AMERICREDIT CORP             COM             03060R101           142     16,584   X                                           16,584
AMERISOURCEBERGEN CORP       COM             03073E105         2,119     30,562   X                                           30,562
AMERITRADE HLDG CORP NEW     COM             03074K100         1,090    147,337   X                                          147,337
AMETEK INC NEW               COM             031100100         1,151     31,404   X                                           31,404
AMGEN INC                    COM             031162100        59,109    896,408   X                                          896,408
AMKOR TECHNOLOGY INC         COM             031652100           274     20,810   X                                           20,810
AMPHENOL CORP NEW            CL A            032095101         2,130     45,503   X                                           45,503
AMSOUTH BANCORPORATION       COM             032165102         1,951     89,345   X                                           89,345
AMYLIN PHARMACEUTICALS INC   COM             032346108           464     21,088   X                                           21,088
ANADARKO PETE CORP           COM             032511107         3,974     89,362   X                                           89,362
ANALOG DEVICES INC           COM             032654105         6,968    200,120   X                                          200,120
ANDREW CORP                  COM             034425108           102     10,907   X                                           10,907
ANDRX CORP DEL               ANDRX GROUP     034553107           788     39,488   X                                           39,488
ANHEUSER BUSCH COS INC       COM             035229103        31,812    623,146   X                                          623,146
ANSYS INC                    COM             03662Q105           336     10,700   X                                           10,700
ANTHEM INC                   COM             03674B104         6,285     81,464   X                                           81,464
AON CORP                     COM             037389103         1,524     63,304   X                                           63,304
APACHE CORP                  COM             037411105         5,357     82,347   X                                           82,347
APARTMENT INVT & MGMT CO     CL A            03748R101           558     16,130   X                                           16,130
APOLLO GROUP INC             CL A            037604105        10,989    177,810   X                                          177,810
APOLLO GROUP INC             COM UNV PHOENX  037604204         3,984     79,217   X                                           79,217
APPLE COMPUTER INC           COM             037833100         2,236    117,292   X                                          117,292
APPLEBEES INTL INC           COM             037899101         3,288    104,609   X                                          104,609
APRIA HEALTHCARE GROUP INC   COM             037933108           311     12,512   X                                           12,512
APPLERA CORP                 COM AP BIO GRP  038020103         1,245     65,438   X                                           65,438
APPLIED MICRO CIRCUITS CORP  COM             03822W109           451     74,727   X                                           74,727
APPLIED MATLS INC            COM             038222105        18,950  1,196,311   X                                        1,196,311
ARAMARK CORP                 CL B            038521100           696     31,032   X                                           31,032
ARCHER DANIELS MIDLAND CO    COM             039483102         1,329    103,260   X                                          103,260
ARCHSTONE SMITH TR           COM             039583109           267     11,123   X                                           11,123
ARROW ELECTRS INC            COM             042735100           440     28,897   X                                           28,897
ASHLAND INC                  COM             044204105           412     13,433   X                                           13,433
ASSOCIATED BANC CORP         COM             045487105           736     20,101   X                                           20,101
ATMEL CORP                   COM             049513104           141     55,523   X                                           55,523
AUTODESK INC                 COM             052769106           552     34,169   X                                           34,169
AUTOLIV INC                  COM             052800109         1,533     56,604   X                                           56,604
AUTOMATIC DATA PROCESSING I  COM             053015103         8,040    237,451   X                                          237,451
AUTONATION INC               COM             05329W102         1,010     64,275   X                                           64,275
AUTOZONE INC                 COM             053332102         3,735     49,166   X                                           49,166
AVAYA INC                    COM             053499109           417     64,604   X                                           64,604
AVERY DENNISON CORP          COM             053611109         5,359    106,760   X                                          106,760
AVID TECHNOLOGY INC          COM             05367P100         1,155     32,700   X                                           32,700
AVNET INC                    COM             053807103           467     36,798   X                                           36,798
AVOCENT CORP                 COM             053893103           248      8,287   X                                            8,287
AVON PRODS INC               COM             054303102        12,518    201,259   X                                          201,259
BB&T CORP                    COM             054937107         3,842    112,001   X                                          112,001
BISYS GROUP INC              COM             055472104           507     27,592   X                                           27,592
BJ SVCS CO                   COM             055482103         3,347     89,593   X                                           89,593

                                       2



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
BMC SOFTWARE INC             COM             055921100         1,784    109,224   X                                          109,224
BAKER HUGHES INC             COM             057224107         7,587    225,999   X                                          225,999
BALL CORP                    COM             058498106         5,063    111,244   X                                          111,244
BANK OF AMERICA CORPORATION  COM             060505104        95,679  1,210,663   X                                        1,210,663
BANK HAWAII CORP             COM             062540109         3,908    117,886   X                                          117,886
BANK NEW YORK INC            COM             064057102         4,278    148,811   X                                          148,811
BANK ONE CORP                COM             06423A103        14,936    401,732   X                                          401,732
BANKNORTH GROUP INC NEW      COM             06646R107           986     38,631   X                                           38,631
BARD C R INC                 COM             067383109         4,033     56,553   X                                           56,553
BARR LABS INC                COM             068306109         2,806     42,836   X                                           42,836
BAUSCH & LOMB INC            COM             071707103           580     15,455   X                                           15,455
BAXTER INTL INC              COM             071813109         5,686    218,702   X                                          218,702
BEA SYS INC                  COM             073325102         1,391    127,699   X                                          127,699
BEAR STEARNS COS INC         COM             073902108        16,436    226,953   X                                          226,953
BEARINGPOINT INC             COM             074002106           153     15,867   X                                           15,867
BECKMAN COULTER INC          COM             075811109         2,262     55,661   X                                           55,661
BECTON DICKINSON & CO        COM             075887109         4,130    106,319   X                                          106,319
BED BATH & BEYOND INC        COM             075896100         7,629    196,520   X                                          196,520
BELLSOUTH CORP               COM             079860102        24,048    903,028   X                                          903,028
BELO CORP                    COM SER A       080555105           466     20,829   X                                           20,829
BEMIS INC                    COM             081437105         1,415     30,234   X                                           30,234
BERKLEY W R CORP             COM             084423102         4,280     81,205   X                                           81,205
BERKSHIRE HATHAWAY INC DEL   CL A            084670108         7,830        108   X                                              108
BEST BUY INC                 COM             086516101         8,207    186,858   X                                          186,858
BIG LOTS INC                 COM             089302103           435     28,933   X                                           28,933
BIO RAD LABS INC             CL A            090572207           217      3,914   X                                            3,914
BIOGEN INC                   COM             090597105         2,239     58,969   X                                           58,969
BIOMET INC                   COM             090613100         2,507     87,352   X                                           87,352
BLACK & DECKER CORP          COM             091797100         1,367     31,452   X                                           31,452
BLACKROCK INC                CL A            09247X101         1,601     35,544   X                                           35,544
BLOCK H & R INC              COM             093671105         6,328    146,317   X                                          146,317
BOEING CO                    COM             097023105        11,784    343,355   X                                          343,355
BOISE CASCADE CORP           COM             097383103           211      8,833   X                                            8,833
BORG WARNER INC              COM             099724106         2,965     46,045   X                                           46,045
BOSTON SCIENTIFIC CORP       COM             101137107        17,127    280,314   X                                          280,314
BOWATER INC                  COM             102183100           974     26,007   X                                           26,007
BRINKER INTL INC             COM             109641100         2,459     68,272   X                                           68,272
BRISTOL MYERS SQUIBB CO      COM             110122108        24,054    885,972   X                                          885,972
BROADCOM CORP                CL A            111320107         1,924     77,251   X                                           77,251
BROCADE COMMUNICATIONS SYS   COM             111621108           244     41,256   X                                           41,256
BROWN & BROWN INC            COM             115236101         2,740     84,297   X                                           84,297
BROWN FORMAN CORP            CL B            115637209         1,662     21,146   X                                           21,146
BRUNSWICK CORP               COM             117043109           379     15,164   X                                           15,164
BURLINGTON NORTHN SANTA FE   COM             12189T104         7,196    253,025   X                                          253,025
BURLINGTON RES INC           COM             122014103         3,773     69,784   X                                           69,784
CBRL GROUP INC               COM             12489V106           295      7,606   X                                            7,606
C H ROBINSON WORLDWIDE INC   COM             12541W100         1,313     37,057   X                                           37,057
CIGNA CORP                   COM             125509109         1,476     31,438   X                                           31,438
CIT GROUP INC                COM             125581108           298     12,094   X                                           12,094
CMS ENERGY CORP              COM             125896100           200     24,670   X                                           24,670
CSX CORP                     COM             126408103         1,804     59,954   X                                           59,954
CVS CORP                     COM             126650100         2,711     96,721   X                                           96,721
CABLEVISION SYS CORP         CL A NY CABLVS  12686C109           837     40,316   X                                           40,316
CABOT CORP                   COM             127055101           744     25,933   X                                           25,933
CACI INTL INC                CL A            127190304           247      7,200   X                                            7,200
CADENCE DESIGN SYSTEM INC    COM             127387108           412     34,135   X                                           34,135

                                       3



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
CALPINE CORP                 COM             131347106         1,008    152,700   X                                          152,700
CAMPBELL SOUP CO             COM             134429109         1,862     76,017   X                                           76,017
CAPITAL AUTOMOTIVE REIT      COM SH BEN INT  139733109           467     16,700   X                                           16,700
CAPITAL ONE FINL CORP        COM             14040H105         7,679    156,140   X                                          156,140
CAPITOL FED FINL             COM             14057C106         1,179     41,778   X                                           41,778
CARDINAL HEALTH INC          COM             14149Y108        16,854    262,118   X                                          262,118
CAREER EDUCATION CORP        COM             141665109         3,633     53,189   X                                           53,189
CAREMARK RX INC              COM             141705103         1,882     73,289   X                                           73,289
CARLISLE COS INC             COM             142339100           467     11,071   X                                           11,071
CARMAX INC                   COM             143130102           708     23,471   X                                           23,471
CARNIVAL CORP                PAIRED CTF      143658300         2,662     81,893   X                                           81,893
CATELLUS DEV CORP            COM             149111106           953     43,336   X                                           43,336
CATERPILLAR INC DEL          COM             149123101        12,574    225,902   X                                          225,902
CELGENE CORP                 COM             151020104           557     18,360   X                                           18,360
CENDANT CORP                 COM             151313103        13,471    735,291   X                                          735,291
CENTERPOINT ENERGY INC       COM             15189T107           410     50,313   X                                           50,313
CENTEX CORP                  COM             152312104         2,604     33,474   X                                           33,474
CENTRAL PAC FINL CORP        COM             154760102           338     12,200   X                                           12,200
CENTURYTEL INC               COM             156700106         3,794    108,856   X                                          108,856
CEPHALON INC                 COM             156708109           640     15,580   X                                           15,580
CERIDIAN CORP NEW            COM             156779100           337     19,855   X                                           19,855
CERTEGY INC                  COM             156880106           342     12,321   X                                           12,321
CHARLES RIV LABS INTL INC    COM             159864107           669     20,799   X                                           20,799
CHARTER ONE FINL INC         COM             160903100         1,210     38,802   X                                           38,802
CHECKFREE CORP NEW           COM             162813109         2,101     75,046   X                                           75,046
CHEESECAKE FACTORY INC       COM             163072101           408     11,386   X                                           11,386
CHESAPEAKE ENERGY CORP       COM             165167107           372     36,795   X                                           36,795
CHEVRONTEXACO CORP           COM             166764100        39,037    540,682   X                                          540,682
CHICOS FAS INC               COM             168615102           764     36,291   X                                           36,291
CHIRON CORP                  COM             170040109         2,784     63,472   X                                           63,472
CHOICEPOINT INC              COM             170388102         3,208     92,933   X                                           92,933
CHUBB CORP                   COM             171232101         3,669     61,147   X                                           61,147
CHURCH & DWIGHT INC          COM             171340102           954     29,163   X                                           29,163
CIENA CORP                   COM             171779101           738    142,665   X                                          142,665
CINCINNATI FINL CORP         COM             172062101         1,512     40,826   X                                           40,826
CINERGY CORP                 COM             172474108         4,007    108,915   X                                          108,915
CIRCUIT CITY STORE INC       COM             172737108           305     34,669   X                                           34,669
CISCO SYS INC                COM             17275R102        91,919  5,474,621   X                                        5,474,621
CINTAS CORP                  COM             172908105         2,511     70,871   X                                           70,871
CITIGROUP INC                COM             172967101       137,423  3,210,824   X                                        3,210,824
CITIZENS COMMUNICATIONS CO   COM             17453B101         1,196     92,800   X                                           92,800
CITRIX SYS INC               COM             177376100         3,397    166,842   X                                          166,842
CITY HLDG CO                 COM             177835105           556     19,000   X                                           19,000
CLAIRES STORES INC           COM             179584107           217      8,543   X                                            8,543
CLARCOR INC                  COM             179895107         2,309     59,900   X                                           59,900
CLEAR CHANNEL COMMUNICATION  COM             184502102        10,721    252,912   X                                          252,912
CLOROX CO DEL                COM             189054109        11,211    262,852   X                                          262,852
COACH INC                    COM             189754104         8,761    176,145   X                                          176,145
COCA COLA CO                 COM             191216100        60,808  1,310,236   X                                        1,310,236
COCA COLA ENTERPRISES INC    COM             191219104         2,938    161,851   X                                          161,851
COGNIZANT TECHNOLOGY SOLUTI  CL A            192446102           341     13,992   X                                           13,992
COLGATE PALMOLIVE CO         COM             194162103        16,824    290,323   X                                          290,323
COLUMBIA SPORTSWEAR CO       COM             198516106         1,229     23,901   X                                           23,901
COMCAST CORP NEW             CL A            20030N101        32,379  1,072,852   X                                        1,072,852
COMCAST CORP NEW             CL A SPL        20030N200         7,219    249,000   X                                          249,000
COMERICA INC                 COM             200340107         2,821     60,663   X                                           60,663

                                       4



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
COMMERCE BANCORP INC NJ      COM             200519106         2,017     54,368   X                                           54,368
COMMERCE BANCSHARES INC      COM             200525103           231      5,929   X                                            5,929
COMPASS BANCSHARES INC       COM             20449H109         1,238     35,650   X                                           35,650
COMPUTER ASSOC INTL INC      COM             204912109         4,344    194,977   X                                          194,977
COMPUTER SCIENCES CORP       COM             205363104         1,949     51,117   X                                           51,117
COMPUWARE CORP               COM             205638109           392     68,546   X                                           68,546
COMVERSE TECHNOLOGY INC      COM PAR $0.10   205862402         1,754    116,836   X                                          116,836
CONAGRA FOODS INC            COM             205887102         5,209    220,732   X                                          220,732
CONCORD EFS INC              COM             206197105         3,094    210,215   X                                          210,215
CONNECTICUT BANCSHARES INC   COM             207540105           744     19,000   X                                           19,000
CONOCOPHILLIPS               COM             20825C104        29,634    540,758   X                                          540,758
CONSOLIDATED EDISON INC      COM             209115104         4,108     94,927   X                                           94,927
CONSTELLATION BRANDS INC     CL A            21036P108         1,822     58,012   X                                           58,012
CONSTELLATION ENERGY GROUP   COM             210371100         2,972     86,659   X                                           86,659
CONVERGYS CORP               COM             212485106           739     46,172   X                                           46,172
COOPER CAMERON CORP          COM             216640102         1,923     38,172   X                                           38,172
COORS ADOLPH CO              CL B            217016104         1,254     25,601   X                                           25,601
CORINTHIAN COLLEGES INC      COM             218868107         1,066     22,056   X                                           22,056
CORNING INC                  COM             219350105         3,984    539,065   X                                          539,065
CORPORATE EXECUTIVE BRD CO   COM             21988R102           351      8,587   X                                            8,587
COSTCO WHSL CORP NEW         COM             22160K105         5,865    160,235   X                                          160,235
COUNTRYWIDE FINANCIAL CORP   COM             222372104        11,953    171,816   X                                          171,816
COVANCE INC                  COM             222816100           382     21,100   X                                           21,100
COVENTRY HEALTH CARE INC     COM             222862104         3,030     65,646   X                                           65,646
COX COMMUNICATIONS INC NEW   CL A            224044107         1,755     55,021   X                                           55,021
COX RADIO INC                CL A            224051102         1,055     45,647   X                                           45,647
CRANE CO                     COM             224399105           318     14,042   X                                           14,042
CREE INC                     COM             225447101           271     16,660   X                                           16,660
CROWN CASTLE INTL CORP       COM             228227104            88     11,348   X                                           11,348
CUMMINS INC                  COM             231021106           241      6,721   X                                            6,721
CURTISS WRIGHT CORP          COM             231561101           885     14,000   X                                           14,000
CYPRESS SEMICONDUCTOR CORP   COM             232806109           647     53,884   X                                           53,884
CYTYC CORP                   COM             232946103           625     59,200   X                                           59,200
D R HORTON INC               COM             23331A109           240      8,544   X                                            8,544
DSP GROUP INC                COM             23332B106           326     15,000   X                                           15,000
DST SYS INC DEL              COM             233326107         1,207     31,765   X                                           31,765
DTE ENERGY CO                COM             233331107         9,804    253,734   X                                          253,734
DANA CORP                    COM             235811106           295     25,559   X                                           25,559
DANAHER CORP DEL             COM             235851102         5,944     87,349   X                                           87,349
DARDEN RESTAURANTS INC       COM             237194105           989     52,097   X                                           52,097
DAVITA INC                   COM             23918K108           535     19,972   X                                           19,972
DEAN FOODS CO NEW            COM             242370104         6,412    203,541   X                                          203,541
DEERE & CO                   COM             244199105         4,019     87,946   X                                           87,946
DEL MONTE FOODS CO           COM             24522P103           226     25,576   X                                           25,576
DELL COMPUTER CORP           COM             247025109        70,005  2,198,646   X                                        2,198,646
DELPHI CORP                  COM             247126105           827     95,823   X                                           95,823
DELTA AIR LINES INC DEL      COM             247361108           297     20,263   X                                           20,263
DELUXE CORP                  COM             248019101         2,600     58,036   X                                           58,036
DENTSPLY INTL INC NEW        COM             249030107         1,515     36,978   X                                           36,978
DEVELOPERS DIVERSIFIED RLTY  COM             251591103           680     23,910   X                                           23,910
DEVON ENERGY CORP NEW        COM             25179M103         5,470    102,440   X                                          102,440
DEVRY INC DEL                COM             251893103           304     13,071   X                                           13,071
DIAGNOSTIC PRODS CORP        COM             252450101           686     16,700   X                                           16,700
DIAL CORP NEW                COM             25247D101         1,779     91,463   X                                           91,463
DIEBOLD INC                  COM             253651103         3,076     71,112   X                                           71,112
DILLARDS INC                 CL A            254067101           263     19,494   X                                           19,494

                                       5



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
DISNEY WALT CO               COM DISNEY      254687106        26,217  1,327,467   X                                        1,327,467
DOLLAR GEN CORP              COM             256669102         1,860    101,857   X                                          101,857
DOLLAR TREE STORES INC       COM             256747106           826     25,986   X                                           25,986
DOMINION RES INC VA NEW      COM             25746U109         8,082    125,752   X                                          125,752
DONALDSON INC                COM             257651109         2,270     51,059   X                                           51,059
DONNELLEY R R & SONS CO      COM             257867101           497     19,021   X                                           19,021
DORAL FINL CORP              COM             25811P100         5,945    133,141   X                                          133,141
DOUBLECLICK INC              COM             258609304           181     19,563   X                                           19,563
DOVER CORP                   COM             260003108         1,735     57,896   X                                           57,896
DOW CHEM CO                  COM             260543103        21,308    688,246   X                                          688,246
DOW JONES & CO INC           COM             260561105           796     18,492   X                                           18,492
DU PONT E I DE NEMOURS & CO  COM             263534109        21,753    522,395   X                                          522,395
DUKE ENERGY CORP             COM             264399106         6,964    349,090   X                                          349,090
DUKE REALTY CORP             COM NEW         264411505           867     31,465   X                                           31,465
DUN & BRADSTREET CORP DEL N  COM             26483E100         2,500     60,823   X                                           60,823
DYNEGY INC NEW               CL A            26816Q101           244     57,992   X                                           57,992
EGL INC                      COM             268484102           423     27,800   X                                           27,800
E M C CORP MASS              COM             268648102        12,895  1,231,619   X                                        1,231,619
ENSCO INTL INC               COM             26874Q100           822     30,545   X                                           30,545
ENI S P A                    SPONSORED ADR   26874R108           243      3,200   X                                            3,200
EOG RES INC                  COM             26875P101         1,626     38,853   X                                           38,853
E TRADE GROUP INC            COM             269246104         2,399    282,180   X                                          282,180
EASTMAN CHEM CO              COM             277432100         2,416     76,298   X                                           76,298
EASTMAN KODAK CO             COM             277461109         4,648    169,948   X                                          169,948
EATON CORP                   COM             278058102         3,920     49,863   X                                           49,863
EATON VANCE CORP             COM NON VTG     278265103         1,135     35,914   X                                           35,914
EBAY INC                     COM             278642103        24,165    232,354   X                                          232,354
ECHOSTAR COMMUNICATIONS NEW  CL A            278762109         3,739    108,012   X                                          108,012
ECOLAB INC                   COM             278865100         5,690    222,252   X                                          222,252
EDISON INTL                  COM             281020107         2,696    164,086   X                                          164,086
EDUCATION MGMT CORP          COM             28139T101         1,515     28,568   X                                           28,568
J D EDWARDS & CO             COM             281667105           628     43,897   X                                           43,897
EDWARDS LIFESCIENCES CORP    COM             28176E108           914     28,453   X                                           28,453
EDWARDS AG INC               COM             281760108           791     23,116   X                                           23,116
EL PASO CORP                 COM             28336L109         1,757    217,401   X                                          217,401
ELECTRONIC ARTS INC          COM             285512109         7,590    102,711   X                                          102,711
ELECTRONIC DATA SYS NEW      COM             285661104         2,966    138,275   X                                          138,275
EMERSON ELEC CO              COM             291011104        11,733    229,612   X                                          229,612
EMULEX CORP                  COM NEW         292475209           338     14,857   X                                           14,857
ENERGEN CORP                 COM             29265N108         1,332     40,000   X                                           40,000
ENERGY EAST CORP             COM             29266M109         1,364     65,686   X                                           65,686
ENERGIZER HLDGS INC          COM             29266R108         2,136     68,031   X                                           68,031
ENGELHARD CORP               COM             292845104         1,307     52,771   X                                           52,771
ENGINEERED SUPPORT SYS INC   COM             292866100         2,373     56,900   X                                           56,900
ENTERCOM COMMUNICATIONS COR  CL A            293639100         1,857     37,883   X                                           37,883
ENTERGY CORP NEW             COM             29364G103        11,337    214,803   X                                          214,803
EQUIFAX INC                  COM             294429105         1,579     60,719   X                                           60,719
EQUITABLE RES INC            COM             294549100         2,783     68,314   X                                           68,314
EQUITY OFFICE PROPERTIES TR  COM             294741103         9,260    342,840   X                                          342,840
EQUITY RESIDENTIAL           SH BEN INT      29476L107         1,743     67,171   X                                           67,171
ERIE INDTY CO                CL A            29530P102           340      8,248   X                                            8,248
EXELON CORP                  COM             30161N101         9,427    157,615   X                                          157,615
EXPEDIA INC                  CL A            302125109         2,757     36,216   X                                           36,216
EXPEDITORS INTL WASH INC     COM             302130109         2,855     82,854   X                                           82,854
EXPRESS SCRIPTS INC          COM             302182100         4,765     69,655   X                                           69,655
EXXON MOBIL CORP             COM             30231G102       140,691  3,917,882   X                                        3,917,882

                                       6



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
FLIR SYS INC                 COM             302445101           668     22,200   X                                           22,200
FMC TECHNOLOGIES INC         COM             30249U101           280     13,293   X                                           13,293
FPL GROUP INC                COM             302571104         7,155    107,030   X                                          107,030
FAIR ISAAC CORP              COM             303250104           511      9,938   X                                            9,938
FAIRCHILD SEMICONDUCTOR INT  COM             303726103           333     26,073   X                                           26,073
FAMILY DLR STORES INC        COM             307000109         5,589    146,504   X                                          146,504
FASTENAL CO                  COM             311900104           852     24,991   X                                           24,991
FEDERAL HOME LN MTG CORP     COM             313400301        18,235    359,164   X                                          359,164
FEDERAL NATL MTG ASSN        COM             313586109        48,984    726,338   X                                          726,338
FEDERATED DEPT STORES INC D  COM             31410H101         2,433     66,023   X                                           66,023
FEDERATED INVS INC PA        CL B            314211103         1,459     53,223   X                                           53,223
FEDEX CORP                   COM             31428X106        11,416    184,048   X                                          184,048
FERRO CORP                   COM             315405100           241     10,700   X                                           10,700
FIDELITY NATL FINL INC       COM             316326107         1,704     55,382   X                                           55,382
FIFTH THIRD BANCORP          COM             316773100        15,579    271,321   X                                          271,321
FIRST AMERN CORP CALIF       COM             318522307         1,360     51,597   X                                           51,597
FIRST BANCORP P R            COM             318672102           922     33,588   X                                           33,588
FIRST DATA CORP              COM             319963104        22,834    551,003   X                                          551,003
FIRST HEALTH GROUP CORP      COM             320960107         1,079     39,075   X                                           39,075
FIRST TENN NATL CORP         COM             337162101        13,760    313,372   X                                          313,372
FISERV INC                   COM             337738108         3,781    106,023   X                                          106,023
FIRSTFED FINL CORP           COM             337907109           589     16,700   X                                           16,700
FIRSTFED AMER BANCORP INC    COM             337929103           435     12,600   X                                           12,600
FLAGSTAR BANCORP INC         COM             337930101         2,083     85,200   X                                           85,200
FIRSTENERGY CORP             COM             337932107         8,092    210,456   X                                          210,456
FISHER SCIENTIFIC INTL INC   COM NEW         338032204           324      9,294   X                                            9,294
FLEETBOSTON FINL CORP        COM             339030108        18,093    608,974   X                                          608,974
FLEETWOOD ENTERPRISES INC    COM             339099103           373     50,385   X                                           50,385
FLUOR CORP NEW               COM             343412102         1,503     44,694   X                                           44,694
FLOWSERVE CORP               COM             34354P105         1,668     84,814   X                                           84,814
FORD MTR CO DEL              COM PAR $0.01   345370860         6,677    607,584   X                                          607,584
FOREST LABS INC              COM             345838106        20,039    366,010   X                                          366,010
FORTUNE BRANDS INC           COM             349631101         4,579     87,726   X                                           87,726
FOUNDRY NETWORKS INC         COM             35063R100           330     23,119   X                                           23,119
FOX ENTMT GROUP INC          CL A            35138T107         5,626    195,487   X                                          195,487
FRANKLIN RES INC             COM             354613101         1,648     42,171   X                                           42,171
FREEPORT-MCMORAN COPPER & G  CL B            35671D857         2,617    106,835   X                                          106,835
FREMONT GEN CORP             COM             357288109           732     53,400   X                                           53,400
FRIEDMAN BILLINGS RAMSEY GR  CL A            358434108           166     12,391   X                                           12,391
FURNITURE BRANDS INTL INC    COM             360921100         1,033     39,571   X                                           39,571
GALLAGHER ARTHUR J & CO      COM             363576109         1,615     59,372   X                                           59,372
GALLAHER GROUP PLC           SPONSORED ADR   363595109         1,255     31,700   X                                           31,700
GANNETT INC                  COM             364730101        15,719    204,643   X                                          204,643
GAP INC DEL                  COM             364760108         7,259    386,965   X                                          386,965
GATEWAY INC                  COM             367626108           131     35,930   X                                           35,930
GEMSTAR-TV GUIDE INTL INC    COM             36866W106            78     15,485   X                                           15,485
GENENTECH INC                COM NEW         368710406         3,362     46,616   X                                           46,616
GENERAL DYNAMICS CORP        COM             369550108         4,108     56,668   X                                           56,668
GENERAL ELEC CO              COM             369604103       201,359  7,020,894   X                                        7,020,894
GENERAL GROWTH PPTYS INC     COM             370021107         2,912     46,638   X                                           46,638
GENERAL MLS INC              COM             370334104         8,151    171,925   X                                          171,925
GENERAL MTRS CORP            COM             370442105        16,678    463,285   X                                          463,285
GENERAL MTRS CORP            CL H NEW        370442832         1,620    126,461   X                                          126,461
GENTEX CORP                  COM             371901109           756     24,680   X                                           24,680
GENUINE PARTS CO             COM             372460105         2,835     88,578   X                                           88,578
GENZYME CORP                 COM GENL DIV    372917104         2,825     67,490   X                                           67,490

                                       7



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
GEORGIA PAC CORP             COM             373298108         2,761    145,712   X                                          145,712
GETTY IMAGES INC             COM             374276103           916     22,188   X                                           22,188
GIANT INDS INC               COM             374508109            64     10,753   X                                           10,753
GILEAD SCIENCES INC          COM             375558103         8,109    145,970   X                                          145,970
GILLETTE CO                  COM             375766102        12,055    378,374   X                                          378,374
GLOBAL PMTS INC              COM             37940X102           211      5,944   X                                            5,944
GLOBESPANVIRATA INC          COM             37957V106           760     90,900   X                                           90,900
GOLDEN WEST FINL CORP DEL    COM             381317106         8,467    105,825   X                                          105,825
GOLDMAN SACHS GROUP INC      COM             38141G104        19,338    230,900   X                                          230,900
GOODRICH CORP                COM             382388106           445     21,211   X                                           21,211
GOODYEAR TIRE & RUBR CO      COM             382550101           102     19,435   X                                           19,435
GRACO INC                    COM             384109104         1,103     34,479   X                                           34,479
GRAINGER W W INC             COM             384802104         2,113     45,182   X                                           45,182
GRANT PRIDECO INC            COM             38821G101         1,334    113,545   X                                          113,545
GREAT LAKES CHEM CORP        COM             390568103         1,054     51,670   X                                           51,670
GREAT PLAINS ENERGY INC      COM             391164100         3,281    113,625   X                                          113,625
GREENPOINT FINL CORP         COM             395384100         2,090     41,031   X                                           41,031
GTECH HLDGS CORP             COM             400518106         1,373     36,472   X                                           36,472
GUIDANT CORP                 COM             401698105        11,134    250,828   X                                          250,828
HCA INC                      COM             404119109         7,019    219,067   X                                          219,067
HCC INS HLDGS INC            COM             404132102         1,316     44,521   X                                           44,521
HSBC HLDGS PLC               SPON ADR NEW    404280406           620     10,485   X                                           10,485
HALLIBURTON CO               COM             406216101         8,117    352,899   X                                          352,899
HANCOCK JOHN FINL SVCS INC   COM             41014S106         1,524     49,587   X                                           49,587
HARLEY DAVIDSON INC          COM             412822108         6,222    156,086   X                                          156,086
HARMAN INTL INDS INC         COM             413086109         2,543     32,133   X                                           32,133
HARRAHS ENTMT INC            COM             413619107         2,938     73,007   X                                           73,007
HARRIS CORP DEL              COM             413875105           224      7,463   X                                            7,463
HARSCO CORP                  COM             415864107           331      9,177   X                                            9,177
HARTE-HANKS INC              COM             416196103           539     28,354   X                                           28,354
HARTFORD FINL SVCS GROUP IN  COM             416515104         3,444     68,388   X                                           68,388
HASBRO INC                   COM             418056107           485     27,710   X                                           27,710
HAWAIIAN ELEC INDUSTRIES     COM             419870100         1,255     27,367   X                                           27,367
HEALTH CARE PPTY INVS INC    COM             421915109           700     16,523   X                                           16,523
HEALTH MGMT ASSOC INC NEW    CL A            421933102         1,772     96,019   X                                           96,019
HEALTH NET INC               COM             42222G108         2,214     67,204   X                                           67,204
HEINZ H J CO                 COM             423074103         2,796     84,781   X                                           84,781
HELMERICH & PAYNE INC        COM             423452101         1,266     43,355   X                                           43,355
HENRY JACK & ASSOC INC       COM             426281101           272     15,180   X                                           15,180
HERCULES INC                 COM             427056106           371     37,448   X                                           37,448
HERSHEY FOODS CORP           COM             427866108         2,528     36,293   X                                           36,293
HEWLETT PACKARD CO           COM             428236103        33,804  1,587,039   X                                        1,587,039
HIBERNIA CORP                CL A            428656102           568     31,287   X                                           31,287
HILLENBRAND INDS INC         COM             431573104           802     15,890   X                                           15,890
HILTON HOTELS CORP           COM             432848109         1,362    106,513   X                                          106,513
HISPANIC BROADCASTING CORP   CL A            43357B104           230      9,047   X                                            9,047
HOLLY CORP                   COM PAR $0.01   435758305         1,110     40,200   X                                           40,200
HOLLYWOOD ENTMT CORP         COM             436141105           696     40,000   X                                           40,000
HOME DEPOT INC               COM             437076102        49,023  1,480,160   X                                        1,480,160
HON INDS INC                 COM             438092108           587     19,242   X                                           19,242
HONEYWELL INTL INC           COM             438516106         8,143    303,276   X                                          303,276
HORMEL FOODS CORP            COM             440452100           980     41,339   X                                           41,339
HOST MARRIOTT CORP NEW       COM             44107P104           140     15,321   X                                           15,321
HUBBELL INC                  CL B            443510201         1,081     32,649   X                                           32,649
HUDSON CITY BANCORP          COM             443683107         1,641     64,343   X                                           64,343
HUDSON UNITED BANCORP        COM             444165104         2,564     75,075   X                                           75,075

                                       8



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
HUMANA INC                   COM             444859102           421     27,864   X                                           27,864
HUMAN GENOME SCIENCES INC    COM             444903108           236     18,618   X                                           18,618
HUNTINGTON BANCSHARES INC    COM             446150104           782     40,078   X                                           40,078
ICOS CORP                    COM             449295104           255      6,916   X                                            6,916
IDEC PHARMACEUTICALS CORP    COM             449370105         1,813     53,377   X                                           53,377
IMS HEALTH INC               COM             449934108         1,481     82,347   X                                           82,347
ISTAR FINL INC               COM             45031U101           221      6,059   X                                            6,059
ITT EDUCATIONAL SERVICES IN  COM             45068B109           281      9,608   X                                            9,608
ITT INDS INC IND             COM             450911102        10,312    157,537   X                                          157,537
IDEXX LABS INC               COM             45168D104           238      7,143   X                                            7,143
IKON OFFICE SOLUTIONS INC    COM             451713101           386     43,343   X                                           43,343
ILLINOIS TOOL WKS INC        COM             452308109         7,168    108,857   X                                          108,857
IMCLONE SYS INC              COM             45245W109           373     11,666   X                                           11,666
INCO LTD                     COM             453258402           205      9,700   X                                            9,700
INDEPENDENCE CMNTY BK CORP   COM             453414104           568     20,171   X                                           20,171
INTEGRATED CIRCUIT SYS INC   COM             45811K208         1,206     38,405   X                                           38,405
INTEGRATED DEVICE TECHNOLOG  COM             458118106           146     13,197   X                                           13,197
INTEL CORP                   COM             458140100       106,798  5,132,070   X                                        5,132,070
INTERACTIVE DATA CORP        COM             45840J107           489     28,909   X                                           28,909
INTERDIGITAL COMMUNICATIONS  COM             45866A105           296     12,645   X                                           12,645
INTERNATIONAL BUSINESS MACH  COM             459200101       100,492  1,218,079   X                                        1,218,079
INTERNATIONAL FLAVORS&FRAGR  COM             459506101           833     26,104   X                                           26,104
INTERNATIONAL GAME TECHNOLO  COM             459902102         8,896     86,938   X                                           86,938
INTL PAPER CO                COM             460146103         9,709    271,729   X                                          271,729
INTERNATIONAL RECTIFIER COR  COM             460254105           244      9,092   X                                            9,092
INTERNATIONAL SPEEDWAY CORP  CL A            460335201           233      5,889   X                                            5,889
INTERSIL CORP                CL A            46069S109           489     18,377   X                                           18,377
INTERPUBLIC GROUP COS INC    COM             460690100           938     70,118   X                                           70,118
INTUIT                       COM             461202103         4,112     92,204   X                                           92,204
INVITROGEN CORP              COM             46185R100           806     20,978   X                                           20,978
INVESTORS FINL SERVICES COR  COM             461915100           429     14,781   X                                           14,781
IOMEGA CORP                  COM NEW         462030305           851     80,300   X                                           80,300
IRON MTN INC PA              COM             462846106         1,499     40,422   X                                           40,422
IRWIN FINL CORP              COM             464119106           259     10,000   X                                           10,000
ISHARES TR                   RUSSELL1000GRW  464287614           386      9,400   X                                            9,400
IVAX CORP                    COM             465823102           679     38,025   X                                           38,025
JDS UNIPHASE CORP            COM             46612J101         2,618    748,788   X                                          748,788
J P MORGAN CHASE & CO        COM             46625H100        31,196    912,711   X                                          912,711
JABIL CIRCUIT INC            COM             466313103         2,269    102,665   X                                          102,665
JACOBS ENGR GROUP INC DEL    COM             469814107         3,223     76,462   X                                           76,462
JANUS CAP GROUP INC          COM             47102X105           976     59,483   X                                           59,483
JEFFERSON PILOT CORP         COM             475070108         1,019     24,590   X                                           24,590
JETBLUE AWYS CORP            COM             477143101         1,475     35,137   X                                           35,137
JOHNSON & JOHNSON            COM             478160104       119,969  2,320,493   X                                        2,320,493
JOHNSON CTLS INC             COM             478366107        14,519    169,609   X                                          169,609
JONES APPAREL GROUP INC      COM             480074103         5,738    196,120   X                                          196,120
JUNIPER NETWORKS INC         COM             48203R104         1,618    129,747   X                                          129,747
KLA-TENCOR CORP              COM             482480100         6,046    130,141   X                                          130,141
KB HOME                      COM             48666K109         2,408     38,848   X                                           38,848
KELLOGG CO                   COM             487836108         3,333     96,960   X                                           96,960
KERR MCGEE CORP              COM             492386107           775     17,297   X                                           17,297
KEY ENERGY SVCS INC          COM             492914106           860     80,271   X                                           80,271
KEYCORP NEW                  COM             493267108         7,273    287,831   X                                          287,831
KEYSPAN CORP                 COM             49337W100         1,409     39,754   X                                           39,754
KIMBERLY CLARK CORP          COM             494368103         6,205    119,005   X                                          119,005
KIMCO REALTY CORP            COM             49446R109         1,259     33,226   X                                           33,226

                                       9



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
KINDER MORGAN INC KANS       COM             49455P101         2,599     47,563   X                                           47,563
KING PHARMACEUTICALS INC     COM             495582108           775     52,521   X                                           52,521
KNIGHT RIDDER INC            COM             499040103         4,520     65,577   X                                           65,577
KNIGHT TRADING GROUP INC     COM             499063105           980    155,510   X                                          155,510
KOHLS CORP                   COM             500255104        12,002    233,595   X                                          233,595
KRAFT FOODS INC              CL A            50075N104         6,097    187,313   X                                          187,313
KRISPY KREME DOUGHNUTS INC   COM             501014104           532     12,915   X                                           12,915
KROGER CO                    COM             501044101         3,333    199,797   X                                          199,797
LSI LOGIC CORP               COM             502161102           601     84,840   X                                           84,840
L-3 COMMUNICATIONS HLDGS IN  COM             502424104         2,680     61,614   X                                           61,614
LABORATORY CORP AMER HLDGS   COM NEW         50540R409           956     31,703   X                                           31,703
LABRANCHE & CO INC           COM             505447102           476     23,001   X                                           23,001
LAFARGE NORTH AMERICA INC    COM             505862102           258      8,358   X                                            8,358
LAM RESEARCH CORP            COM             512807108           525     28,827   X                                           28,827
LAMAR ADVERTISING CO         CL A            512815101           694     19,556   X                                           19,556
LANCASTER COLONY CORP        COM             513847103         1,592     41,159   X                                           41,159
LANDAUER INC                 COM             51476K103           627     15,000   X                                           15,000
LANDAMERICA FINL GROUP INC   COM             514936103         1,862     39,200   X                                           39,200
LAUDER ESTEE COS INC         CL A            518439104           740     22,063   X                                           22,063
LEAR CORP                    COM             521865105         2,942     63,925   X                                           63,925
LEGGETT & PLATT INC          COM             524660107           928     45,253   X                                           45,253
LEGG MASON INC               COM             524901105         4,943     76,109   X                                           76,109
LEHMAN BROS HLDGS INC        COM             524908100        16,826    253,100   X                                          253,100
LENNAR CORP                  CL A            526057104           304      4,245   X                                            4,245
LEUCADIA NATL CORP           COM             527288104         2,345     63,165   X                                           63,165
LEVEL 3 COMMUNICATIONS INC   COM             52729N100           246     36,867   X                                           36,867
LEXMARK INTL NEW             CL A            529771107         9,845    139,116   X                                          139,116
LIBERTY CORP S C             COM             530370105         1,534     36,100   X                                           36,100
LIBERTY MEDIA CORP NEW       COM SER A       530718105        13,157  1,138,117   X                                        1,138,117
LILLY ELI & CO               COM             532457108        40,825    591,923   X                                          591,923
LIMITED BRANDS INC           COM             532716107         1,318     85,004   X                                           85,004
LINCARE HLDGS INC            COM             532791100         1,086     34,354   X                                           34,354
LINCOLN NATL CORP IND        COM             534187109         1,221     34,265   X                                           34,265
LINEAR TECHNOLOGY CORP       COM             535678106         8,867    273,829   X                                          273,829
LIZ CLAIBORNE INC            COM             539320101         4,149    117,700   X                                          117,700
LOCKHEED MARTIN CORP         COM             539830109         8,985    188,872   X                                          188,872
LOEWS CORP                   COM             540424108         3,968     83,907   X                                           83,907
LOUISIANA PAC CORP           COM             546347105           126     11,598   X                                           11,598
LOWES COS INC                COM             548661107        26,453    615,909   X                                          615,909
LUBRIZOL CORP                COM             549271104           429     13,845   X                                           13,845
LUCENT TECHNOLOGIES INC      COM             549463107         3,965  1,953,147   X                                        1,953,147
LYONDELL CHEMICAL CO         COM             552078107           848     62,643   X                                           62,643
M & T BK CORP                COM             55261F104         4,596     54,571   X                                           54,571
MBIA INC                     COM             55262C100         1,549     31,783   X                                           31,783
MBNA CORP                    COM             55262L100        12,733    610,994   X                                          610,994
MDU RES GROUP INC            COM             552690109           798     23,833   X                                           23,833
MGIC INVT CORP WIS           COM             552848103         1,201     25,760   X                                           25,760
MGM MIRAGE                   COM             552953101           266      7,790   X                                            7,790
MACK CALI RLTY CORP          COM             554489104         2,366     65,022   X                                           65,022
MACROMEDIA INC               COM             556100105           297     14,138   X                                           14,138
MANDALAY RESORT GROUP        COM             562567107           838     26,315   X                                           26,315
MANOR CARE INC NEW           COM             564055101           557     22,270   X                                           22,270
MANPOWER INC                 COM             56418H100           705     19,007   X                                           19,007
MARATHON OIL CORP            COM             565849106         7,468    283,434   X                                          283,434
MARKEL CORP                  COM             570535104         1,599      6,246   X                                            6,246
MARSH & MCLENNAN COS INC     COM             571748102        13,194    258,350   X                                          258,350

                                       10



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
MARSHALL & ILSLEY CORP       COM             571834100         1,216     39,752   X                                           39,752
MARRIOTT INTL INC NEW        CL A            571903202         3,273     85,200   X                                           85,200
MASCO CORP                   COM             574599106         2,915    122,228   X                                          122,228
MASSEY ENERGY CORP           COM             576206106         1,003     76,270   X                                           76,270
MATTEL INC                   COM             577081102         7,045    372,334   X                                          372,334
MAXIM INTEGRATED PRODS INC   COM             57772K101        11,786    345,622   X                                          345,622
MAXTOR CORP                  COM NEW         577729205           181     24,080   X                                           24,080
MAY DEPT STORES CO           COM             577778103         1,104     49,576   X                                           49,576
MAYTAG CORP                  COM             578592107           646     26,463   X                                           26,463
MCCLATCHY CO                 CL A            579489105           903     15,678   X                                           15,678
MCCORMICK & CO INC           COM NON VTG     579780206         2,717     99,892   X                                           99,892
MCDATA CORP                  CL A            580031201           343     23,394   X                                           23,394
MCDONALDS CORP               COM             580135101        11,483    520,538   X                                          520,538
MCGRAW HILL COS INC          COM             580645109         4,944     79,749   X                                           79,749
MCKESSON CORP                COM             58155Q103         2,890     80,856   X                                           80,856
MEADWESTVACO CORP            COM             583334107         3,124    126,478   X                                          126,478
MEDIA GEN INC                CL A            584404107           440      7,688   X                                            7,688
MEDICIS PHARMACEUTICAL CORP  CL A NEW        584690309           331      5,840   X                                            5,840
MEDIMMUNE INC                COM             584699102         4,469    122,886   X                                          122,886
MEDTRONIC INC                COM             585055106        36,138    753,345   X                                          753,345
MELLON FINL CORP             COM             58551A108         2,968    106,943   X                                          106,943
MERCK & CO INC               COM             589331107        97,853  1,616,075   X                                        1,616,075
MERCURY COMPUTER SYS         COM             589378108           320     17,600   X                                           17,600
MERCURY INTERACTIVE CORP     COM             589405109         1,139     29,388   X                                           29,388
MEREDITH CORP                COM             589433101           515     11,701   X                                           11,701
MERRILL LYNCH & CO INC       COM             590188108        24,364    521,926   X                                          521,926
METLIFE INC                  COM             59156R108         6,780    239,419   X                                          239,419
METRO GOLDWYN MAYER INC      COM             591610100           189     15,223   X                                           15,223
METTLER TOLEDO INTERNATIONA  COM             592688105           291      7,931   X                                            7,931
MICHAELS STORES INC          COM             594087108           500     13,138   X                                           13,138
MICROSOFT CORP               COM             594918104       182,154  7,104,286   X                                        7,104,286
MICROCHIP TECHNOLOGY INC     COM             595017104         3,550    143,445   X                                          143,445
MICRON TECHNOLOGY INC        COM             595112103         1,651    141,928   X                                          141,928
MID ATLANTIC MED SVCS INC    COM             59523C107         2,804     53,605   X                                           53,605
MILLENNIUM PHARMACEUTICALS   COM             599902103           618     39,309   X                                           39,309
MILLER HERMAN INC            COM             600544100           332     16,540   X                                           16,540
MILLIPORE CORP               COM             601073109           698     15,726   X                                           15,726
MIRANT CORP                  COM             604675108           201     69,459   X                                           69,459
MOHAWK INDS INC              COM             608190104           319      5,737   X                                            5,737
MOLEX INC                    COM             608554101         1,296     48,024   X                                           48,024
MONSANTO CO NEW              COM             61166W101         2,709    125,188   X                                          125,188
MONSTER WORLDWIDE INC        COM             611742107           682     34,583   X                                           34,583
MOODYS CORP                  COM             615369105         5,299    100,532   X                                          100,532
MOOG INC                     CL A            615394202           441     12,700   X                                           12,700
MORGAN STANLEY               COM NEW         617446448        25,989    607,929   X                                          607,929
MOTOROLA INC                 COM             620076109         9,936  1,053,684   X                                        1,053,684
MURPHY OIL CORP              COM             626717102         5,200     98,858   X                                           98,858
MYLAN LABS INC               COM             628530107         7,506    215,882   X                                          215,882
NCR CORP NEW                 COM             62886E108           412     16,078   X                                           16,078
NVR INC                      COM             62944T105           517      1,257   X                                            1,257
NATIONAL CITY CORP           COM             635405103        17,053    521,334   X                                          521,334
NATIONAL COMMERCE FINL CORP  COM             63545P104           277     12,496   X                                           12,496
NATIONAL FUEL GAS CO N J     COM             636180101           662     25,406   X                                           25,406
NATIONAL HEALTH INVS INC     COM             63633D104           264     14,300   X                                           14,300
NATIONAL INSTRS CORP         COM             636518102           266      7,010   X                                            7,010
NATIONAL-OILWELL INC         COM             637071101           276     12,562   X                                           12,562

                                       11



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
NATIONAL SEMICONDUCTOR CORP  COM             637640103         1,124     57,003   X                                           57,003
NATIONWIDE HEALTH PPTYS INC  COM             638620104           162     10,200   X                                           10,200
NAVISTAR INTL CORP NEW       COM             63934E108         1,018     31,199   X                                           31,199
NETWORKS ASSOCS INC          COM             640938106           812     64,049   X                                           64,049
NETSCREEN TECHNOLOGIES INC   COM             64117V107           275     12,326   X                                           12,326
NETWORK APPLIANCE INC        COM             64120L104         2,946    183,180   X                                          183,180
NEUBERGER BERMAN INC         COM             641234109           522     13,076   X                                           13,076
NEW CENTURY FINANCIAL CORP   COM             64352D101           760     17,500   X                                           17,500
NEW YORK CMNTY BANCORP INC   COM             649445103         1,417     48,710   X                                           48,710
NEW YORK TIMES CO            CL A            650111107         1,856     40,800   X                                           40,800
NEWELL RUBBERMAID INC        COM             651229106         3,055    109,093   X                                          109,093
NEWFIELD EXPL CO             COM             651290108           269      7,174   X                                            7,174
NEWMONT MINING CORP          COM             651639106         5,138    158,276   X                                          158,276
NEXTEL COMMUNICATIONS INC    CL A            65332V103        10,215    565,295   X                                          565,295
NEXTEL PARTNERS INC          CL A            65333F107           129     17,582   X                                           17,582
NICOR INC                    COM             654086107           281      7,567   X                                            7,567
NIKE INC                     CL B            654106103         8,090    151,244   X                                          151,244
99 CENTS ONLY STORES         COM             65440K106           964     28,096   X                                           28,096
NISOURCE INC                 COM             65473P105         1,535     80,801   X                                           80,801
NOKIA CORP                   SPONSORED ADR   654902204         3,892    236,900   X                                          236,900
NOBLE ENERGY INC             COM             655044105           764     20,221   X                                           20,221
NORDSTROM INC                COM             655664100           407     20,827   X                                           20,827
NORFOLK SOUTHERN CORP        COM             655844108         2,919    152,043   X                                          152,043
NORTEL NETWORKS CORP NEW     COM             656568102         2,514    931,028   X                                          931,028
NORTH FORK BANCORPORATION N  COM             659424105         2,073     60,853   X                                           60,853
NORTHERN TR CORP             COM             665859104         1,611     38,725   X                                           38,725
NORTHROP GRUMMAN CORP        COM             666807102         9,625    111,540   X                                          111,540
NOVELL INC                   COM             670006105           282     90,639   X                                           90,639
NOVELLUS SYS INC             COM             670008101         1,686     45,996   X                                           45,996
NUCOR CORP                   COM             670346105         1,800     36,849   X                                           36,849
NVIDIA CORP                  COM             67066G104         1,302     56,853   X                                           56,853
NUVEEN INVTS INC             CL A            67090F106         1,410     51,746   X                                           51,746
OCCIDENTAL PETE CORP DEL     COM             674599105        13,905    414,461   X                                          414,461
OFFICE DEPOT INC             COM             676220106         1,253     86,363   X                                           86,363
OLD REP INTL CORP            COM             680223104           252      7,367   X                                            7,367
OMNICARE INC                 COM             681904108         2,370     70,143   X                                           70,143
OMNICOM GROUP INC            COM             681919106         7,601    106,008   X                                          106,008
OMNIVISION TECHNOLOGIES INC  COM             682128103           221      7,100   X                                            7,100
ONEOK INC NEW                COM             682680103           435     22,154   X                                           22,154
ORACLE CORP                  COM             68389X105        38,781  3,229,026   X                                        3,229,026
O REILLY AUTOMOTIVE INC      COM             686091109           264      7,877   X                                            7,877
OUTBACK STEAKHOUSE INC       COM             689899102         1,412     36,200   X                                           36,200
OWENS ILL INC                COM NEW         690768403           292     21,233   X                                           21,233
OXFORD HEALTH PLANS INC      COM             691471106         1,057     25,138   X                                           25,138
PDI INC                      COM             69329V100           538     52,560   X                                           52,560
PG&E CORP                    COM             69331C108         4,746    224,383   X                                          224,383
PMC-SIERRA INC               COM             69344F106           670     56,974   X                                           56,974
PMI GROUP INC                COM             69344M101         1,241     46,231   X                                           46,231
PNC FINL SVCS GROUP INC      COM             693475105         4,504     92,284   X                                           92,284
PPG INDS INC                 COM             693506107         2,281     44,954   X                                           44,954
PPL CORP                     COM             69351T106         3,179     73,924   X                                           73,924
PACCAR INC                   COM             693718108         7,521    111,011   X                                          111,011
PACIFIC CAP BANCORP NEW      COM             69404P101           751     21,500   X                                           21,500
PACTIV CORP                  COM             695257105         1,564     79,335   X                                           79,335
PALL CORP                    COM             696429307         1,293     57,466   X                                           57,466
PARAMETRIC TECHNOLOGY CORP   COM             699173100            88     29,107   X                                           29,107

                                       12



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
PAREXEL INTL CORP            COM             699462107           502     36,000   X                                           36,000
PARK PL ENTMT CORP           COM             700690100           158     17,361   X                                           17,361
PARKER HANNIFIN CORP         COM             701094104           853     20,304   X                                           20,304
PATTERSON DENTAL CO          COM             703412106         1,452     31,974   X                                           31,974
PATTERSON UTI ENERGY INC     COM             703481101         1,141     35,259   X                                           35,259
PAYCHEX INC                  COM             704326107         5,933    201,873   X                                          201,873
PEABODY ENERGY CORP          COM             704549104           655     19,504   X                                           19,504
PENNEY J C INC               COM             708160106         2,649    157,217   X                                          157,217
PENTAIR INC                  COM             709631105           295      7,549   X                                            7,549
PEOPLES ENERGY CORP          COM             711030106           264      6,158   X                                            6,158
PEOPLESOFT INC               COM             712713106         1,489     84,770   X                                           84,770
PEPSI BOTTLING GROUP INC     COM             713409100         1,967     98,233   X                                           98,233
PEPSIAMERICAS INC            COM             71343P200           155     12,369   X                                           12,369
PEPSICO INC                  COM             713448108        48,365  1,086,860   X                                        1,086,860
PERFORMANCE FOOD GROUP CO    COM             713755106           788     21,292   X                                           21,292
PERKINELMER INC              COM             714046109           396     28,700   X                                           28,700
PETSMART INC                 COM             716768106           536     32,079   X                                           32,079
PFIZER INC                   COM             717081103       190,274  5,571,702   X                                        5,571,702
PHARMACEUTICAL PROD DEV INC  COM             717124101           315     10,955   X                                           10,955
PHARMACEUTICAL RES INC       COM             717125108           368      7,566   X                                            7,566
PHELPS DODGE CORP            COM             717265102         1,221     31,854   X                                           31,854
PIER 1 IMPORTS INC           COM             720279108           351     17,199   X                                           17,199
PINNACLE SYS INC             COM             723481107           303     28,300   X                                           28,300
PINNACLE WEST CAP CORP       COM             723484101         6,976    186,268   X                                          186,268
PIONEER NAT RES CO           COM             723787107           748     28,653   X                                           28,653
PITNEY BOWES INC             COM             724479100         2,563     66,732   X                                           66,732
PIXAR                        COM             725811103         3,883     64,099   X                                           64,099
PLANTRONICS INC NEW          COM             727493108           293     13,500   X                                           13,500
PLUM CREEK TIMBER CO INC     COM             729251108           897     34,569   X                                           34,569
POGO PRODUCING CO            COM             730448107         3,658     85,576   X                                           85,576
POLARIS INDS INC             COM             731068102           304      4,953   X                                            4,953
POLYCOM INC                  COM             73172K104           174     12,589   X                                           12,589
POPULAR INC                  COM             733174106         4,694    121,784   X                                          121,784
PRAXAIR INC                  COM             74005P104         7,883    131,166   X                                          131,166
PRICE T ROWE GROUP INC       COM             74144T108         1,623     42,972   X                                           42,972
PRIDE INTL INC DEL           COM             74153Q102           279     14,826   X                                           14,826
PRINCIPAL FINANCIAL GROUP I  COM             74251V102         2,555     79,239   X                                           79,239
PROCTER & GAMBLE CO          COM             742718109        86,741    972,654   X                                          972,654
PROGRESS ENERGY INC          COM             743263105         4,890    111,391   X                                          111,391
PROGRESSIVE CORP OHIO        COM             743315103        13,492    184,570   X                                          184,570
PROLOGIS                     SH BEN INT      743410102         1,233     45,169   X                                           45,169
PROTECTIVE LIFE CORP         COM             743674103           692     25,871   X                                           25,871
PROTEIN DESIGN LABS INC      COM             74369L103           242     17,028   X                                           17,028
PROVIDIAN FINL CORP          COM             74406A102         1,102    119,017   X                                          119,017
PRUDENTIAL FINL INC          COM             744320102         7,940    235,966   X                                          235,966
PUBLIC SVC ENTERPRISE GROUP  COM             744573106         4,320    102,256   X                                          102,256
PUBLIC STORAGE INC           COM             74460D109           206      6,090   X                                            6,090
PUGET ENERGY INC NEW         COM             745310102           757     31,730   X                                           31,730
PULTE HOMES INC              COM             745867101         2,229     36,151   X                                           36,151
QLOGIC CORP                  COM             747277101         5,250    108,832   X                                          108,832
QUALCOMM INC                 COM             747525103        21,076    586,409   X                                          586,409
QUEST DIAGNOSTICS INC        COM             74834L100         3,854     60,405   X                                           60,405
QUESTAR CORP                 COM             748356102         2,073     61,948   X                                           61,948
QUINTILES TRANSNATIONAL COR  COM             748767100           412     29,072   X                                           29,072
QWEST COMMUNICATIONS INTL I  COM             749121109         1,553    324,801   X                                          324,801
RPM INTL INC                 COM             749685103           398     28,959   X                                           28,959

                                       13



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
RSA SEC INC                  COM             749719100           108     10,000   X                                           10,000
RADIAN GROUP INC             COM             750236101         2,951     80,512   X                                           80,512
RADIO ONE INC                CL D NON VTG    75040P405           191     10,777   X                                           10,777
RADIOSHACK CORP              COM             750438103         1,499     56,959   X                                           56,959
RAMBUS INC DEL               COM             750917106           311     18,818   X                                           18,818
RAYONIER INC                 COM             754907103           297      8,999   X                                            8,999
RAYTHEON CO                  COM NEW         755111507         9,927    302,274   X                                          302,274
REALNETWORKS INC             COM             75605L104           121     17,938   X                                           17,938
RED HAT INC                  COM             756577102           215     28,564   X                                           28,564
REEBOK INTL LTD              COM             758110100         1,146     34,063   X                                           34,063
REGENCY CTRS CORP            COM             758849103         1,413     40,395   X                                           40,395
REGIONS FINL CORP            COM             758940100         6,387    189,081   X                                          189,081
RELIANT RES INC              COM             75952B105           101     16,422   X                                           16,422
RENAL CARE GROUP INC         COM             759930100           269      7,648   X                                            7,648
RENT A CTR INC NEW           COM             76009N100         2,375     31,333   X                                           31,333
REPUBLIC SVCS INC            COM             760759100           922     40,682   X                                           40,682
RESMED INC                   COM             761152107           296      7,552   X                                            7,552
RESPIRONICS INC              COM             761230101           285      7,666   X                                            7,666
REYNOLDS & REYNOLDS CO       CL A            761695105         3,384    118,474   X                                          118,474
REYNOLDS R J TOB HLDGS INC   COM             76182K105         1,535     41,259   X                                           41,259
RITE AID CORP                COM             767754104           360     80,843   X                                           80,843
ROBERT HALF INTL INC         COM             770323103         1,049     55,387   X                                           55,387
ROCKWELL AUTOMATION INC      COM             773903109         3,280    137,588   X                                          137,588
ROCKWELL COLLINS INC         COM             774341101         1,839     74,684   X                                           74,684
ROHM & HAAS CO               COM             775371107         2,130     68,653   X                                           68,653
ROSLYN BANCORP INC           COM             778162107           819     37,913   X                                           37,913
ROSS STORES INC              COM             778296103         3,786     88,128   X                                           88,128
ROTO ROOTER INC NEW          COM             778787101           423     11,100   X                                           11,100
ROUSE CO                     COM             779273101           835     21,916   X                                           21,916
ROWAN COS INC                COM             779382100           534     23,848   X                                           23,848
RUBY TUESDAY INC             COM             781182100           340     13,734   X                                           13,734
RYDER SYS INC                COM             783549108           583     22,754   X                                           22,754
SBC COMMUNICATIONS INC       COM             78387G103        48,677  1,905,181   X                                        1,905,181
SEI INVESTMENTS CO           COM             784117103           533     16,650   X                                           16,650
SLM CORP                     COM             78442P106        12,461    318,118   X                                          318,118
SPX CORP                     COM             784635104           354      8,038   X                                            8,038
SABRE HLDGS CORP             CL A            785905100           614     24,922   X                                           24,922
SAFECO CORP                  COM             786429100         3,199     90,642   X                                           90,642
SAFENET INC                  COM             78645R107           308     11,100   X                                           11,100
SAFEWAY INC                  COM NEW         786514208         3,038    148,463   X                                          148,463
ST JOE CO                    COM             790148100         1,362     43,666   X                                           43,666
ST JUDE MED INC              COM             790849103        11,154    193,987   X                                          193,987
ST PAUL COS INC              COM             792860108         3,977    108,937   X                                          108,937
SANDISK CORP                 COM             80004C101           562     13,842   X                                           13,842
SANMINA SCI CORP             COM             800907107           793    125,436   X                                          125,436
SARA LEE CORP                COM             803111103         8,985    477,680   X                                          477,680
SCANA CORP NEW               COM             80589M102         2,200     64,169   X                                           64,169
SCHEIN HENRY INC             COM             806407102         1,400     26,667   X                                           26,667
SCHERING PLOUGH CORP         COM             806605101        12,635    679,324   X                                          679,324
SCHLUMBERGER LTD             COM             806857108         3,703     77,849   X                                           77,849
SCHOLASTIC CORP              COM             807066105           277      9,308   X                                            9,308
SCHWAB CHARLES CORP NEW      COM             808513105         5,678    562,713   X                                          562,713
SCIENTIFIC ATLANTA INC       COM             808655104         4,206    176,416   X                                          176,416
SCOTTISH PWR PLC             SPON ADR FINAL  81013T705           418     17,200   X                                           17,200
SCOTTS CO                    CL A            810186106         1,253     25,313   X                                           25,313
SCRIPPS E W CO OHIO          CL A            811054204         2,220     25,018   X                                           25,018

                                       14



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
SEALED AIR CORP NEW          COM             81211K100         2,187     45,894   X                                           45,894
SEARS ROEBUCK & CO           COM             812387108         5,266    156,538   X                                          156,538
SEMPRA ENERGY                COM             816851109         4,907    172,010   X                                          172,010
SEPRACOR INC                 COM             817315104           319     17,814   X                                           17,814
SERVICE CORP INTL            COM             817565104            71     18,267   X                                           18,267
SERVICEMASTER CO             COM             81760N109           195     18,256   X                                           18,256
SHERWIN WILLIAMS CO          COM             824348106         2,620     97,457   X                                           97,457
SICOR INC                    COM             825846108         1,181     58,064   X                                           58,064
SIEBEL SYS INC               COM             826170102         1,196    126,077   X                                          126,077
SIGMA ALDRICH CORP           COM             826552101         2,168     39,914   X                                           39,914
SIMON PPTY GROUP INC NEW     COM             828806109         2,891     74,070   X                                           74,070
SIRIUS SATELLITE RADIO INC   COM             82966U103            91     54,121   X                                           54,121
SKY FINL GROUP INC           COM             83080P103           522     24,018   X                                           24,018
SMITH & NEPHEW PLC           SPDN ADR NEW    83175M205           621     10,700   X                                           10,700
SMITH INTL INC               COM             832110100         1,627     44,288   X                                           44,288
SMITHFIELD FOODS INC         COM             832248108           648     28,260   X                                           28,260
SMUCKER J M CO               COM NEW         832696405           873     21,879   X                                           21,879
SMURFIT-STONE CONTAINER COR  COM             832727101           195     14,986   X                                           14,986
SNAP ON INC                  COM             833034101           290     10,003   X                                           10,003
SOLECTRON CORP               COM             834182107           754    201,533   X                                          201,533
SOUTHERN CO                  COM             842587107        10,790    346,283   X                                          346,283
SOUTHTRUST CORP              COM             844730101        10,727    397,304   X                                          397,304
SOUTHWEST AIRLS CO           COM             844741108        16,671    969,220   X                                          969,220
SOUTHWEST GAS CORP           COM             844895102           536     25,300   X                                           25,300
SOVEREIGN BANCORP INC        COM             845905108         1,509     96,449   X                                           96,449
SPRINT CORP                  COM FON GROUP   852061100         4,116    285,820   X                                          285,820
SPRINT CORP                  PCS COM SER 1   852061506         2,702    469,901   X                                          469,901
SS&C TECHNOLOGIES INC        COM             85227Q100           706     45,000   X                                           45,000
STANCORP FINL GROUP INC      COM             852891100           954     18,275   X                                           18,275
STANLEY WKS                  COM             854616109           381     13,823   X                                           13,823
STAPLES INC                  COM             855030102         2,944    160,437   X                                          160,437
STARBUCKS CORP               COM             855244109         5,785    235,641   X                                          235,641
STARWOOD HOTELS&RESORTS WRL  PAIRED CTF      85590A203         1,602     56,030   X                                           56,030
STATE STR CORP               COM             857477103         2,998     76,084   X                                           76,084
STATION CASINOS INC          COM             857689103           205      8,106   X                                            8,106
STERICYCLE INC               COM             858912108         1,314     34,251   X                                           34,251
STERIS CORP                  COM             859152100         1,160     50,256   X                                           50,256
STEWART INFORMATION SVCS CO  COM             860372101           632     22,700   X                                           22,700
STORAGE TECHNOLOGY CORP      COM PAR $0.10   862111200           683     26,551   X                                           26,551
STRYKER CORP                 COM             863667101         7,246    104,460   X                                          104,460
STUDENT LN CORP              COM             863902102         1,505     11,944   X                                           11,944
SUN MICROSYSTEMS INC         COM             866810104         5,604  1,205,270   X                                        1,205,270
SUNGARD DATA SYS INC         COM             867363103         5,855    225,985   X                                          225,985
SUNOCO INC                   COM             86764P109         2,096     55,551   X                                           55,551
SUNTRUST BKS INC             COM             867914103         8,034    135,386   X                                          135,386
SUPERVALU INC                COM             868536103           910     42,685   X                                           42,685
SYBASE INC                   COM             871130100           157     11,300   X                                           11,300
SYBRON DENTAL SPECIALTIES I  COM             871142105           552     23,400   X                                           23,400
SYMANTEC CORP                COM             871503108         5,030    114,555   X                                          114,555
SYMBOL TECHNOLOGIES INC      COM             871508107         1,128     86,674   X                                           86,674
SYNOPSYS INC                 COM             871607107           969     15,640   X                                           15,640
SYNOVUS FINL CORP            COM             87161C105         2,552    118,692   X                                          118,692
SYSCO CORP                   COM             871829107        12,516    416,649   X                                          416,649
TCF FINL CORP                COM             872275102           868     21,780   X                                           21,780
TECO ENERGY INC              COM             872375100         1,186     98,951   X                                           98,951
TJX COS INC NEW              COM             872540109         8,668    460,083   X                                          460,083

                                       15



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
TXU CORP                     COM             873168108         1,484     66,101   X                                           66,101
TARGET CORP                  COM             87612E106        23,804    629,080   X                                          629,080
TECH DATA CORP               COM             878237106           237      8,862   X                                            8,862
TEKTRONIX INC                COM             879131100           364     16,856   X                                           16,856
TELEPHONE & DATA SYS INC     COM             879433100           427      8,597   X                                            8,597
TELLABS INC                  COM             879664100           646     98,410   X                                           98,410
TEMPLE INLAND INC            COM             879868107           377      8,797   X                                            8,797
TENET HEALTHCARE CORP        COM             88033G100         1,158     99,430   X                                           99,430
TERADYNE INC                 COM             880770102         1,079     62,335   X                                           62,335
TEXAS INSTRS INC             COM             882508104        19,189  1,090,305   X                                        1,090,305
TEXTRON INC                  COM             883203101         1,428     36,594   X                                           36,594
THERMO ELECTRON CORP         COM             883556102         1,194     56,806   X                                           56,806
THOMAS INDS INC              COM             884425109           454     16,800   X                                           16,800
3COM CORP                    COM             885535104           103     22,126   X                                           22,126
3M CO                        COM             88579Y101        39,687    307,700   X                                          307,700
TIDEWATER INC                COM             886423102           209      7,122   X                                            7,122
TIFFANY & CO NEW             COM             886547108         2,203     67,418   X                                           67,418
TIMBERLAND CO                CL A            887100105           219      4,134   X                                            4,134
TORCHMARK CORP               COM             891027104         5,726    153,724   X                                          153,724
TOYS R US INC                COM             892335100           443     36,561   X                                           36,561
TRAVELERS PPTY CAS CORP NEW  CL A            89420G109           888     55,824   X                                           55,824
TRAVELERS PPTY CAS CORP NEW  CL B            89420G406         3,360    213,060   X                                          213,060
TRIAD HOSPITALS INC          COM             89579K109           252     10,140   X                                           10,140
TRIBUNE CO NEW               COM             896047107         6,536    135,316   X                                          135,316
TRUSTMARK CORP               COM             898402102         1,474     57,871   X                                           57,871
TYCO INTL LTD NEW            COM             902124106        12,525    659,919   X                                          659,919
TYSON FOODS INC              CL A            902494103           135     12,746   X                                           12,746
UST INC                      COM             902911106         2,778     79,308   X                                           79,308
US BANCORP DEL               COM NEW         902973304        16,553    675,633   X                                          675,633
ULTRATECH INC                COM             904034105           481     26,000   X                                           26,000
UNILEVER N V                 N Y SHS NEW     904784709         1,264     23,400   X                                           23,400
UNION PAC CORP               COM             907818108         6,722    115,859   X                                          115,859
UNION PLANTERS CORP          COM             908068109         1,277     41,140   X                                           41,140
UNIONBANCAL CORP             COM             908906100         1,637     39,581   X                                           39,581
UNISYS CORP                  COM             909214108         1,388    113,042   X                                          113,042
UNITED ONLINE INC            COM             911268100           796     31,400   X                                           31,400
UNITED PARCEL SERVICE INC    CL B            911312106        24,502    384,643   X                                          384,643
UNITED STATES STL CORP NEW   COM             912909108           593     36,235   X                                           36,235
UNITED TECHNOLOGIES CORP     COM             913017109        27,952    394,636   X                                          394,636
UNITEDHEALTH GROUP INC       COM             91324P102        20,142    400,836   X                                          400,836
UNITRIN INC                  COM             913275103           227      8,367   X                                            8,367
UNIVERSAL HLTH SVCS INC      CL B            913903100           684     17,270   X                                           17,270
UNIVISION COMMUNICATIONS IN  CL A            914906102         1,746     57,436   X                                           57,436
UNOCAL CORP                  COM             915289102         1,273     44,356   X                                           44,356
UNUMPROVIDENT CORP           COM             91529Y106           664     49,483   X                                           49,483
UTSTARCOM INC                COM             918076100         1,789     50,206   X                                           50,206
V F CORP                     COM             918204108           580     17,073   X                                           17,073
VALASSIS COMMUNICATIONS INC  COM             918866104           208      8,084   X                                            8,084
VALERO ENERGY CORP NEW       COM             91913Y100         1,609     44,278   X                                           44,278
VALLEY NATL BANCORP          COM             919794107           480     18,227   X                                           18,227
VALSPAR CORP                 COM             920355104           725     17,171   X                                           17,171
VARCO INTL INC DEL           COM             922122106           315     16,048   X                                           16,048
VARIAN MED SYS INC           COM             92220P105         3,340     58,019   X                                           58,019
VECTREN CORP                 COM             92240G101           838     33,458   X                                           33,458
VERISIGN INC                 COM             92343E102           802     58,151   X                                           58,151
VERIZON COMMUNICATIONS       COM             92343V104        65,621  1,663,385   X                                        1,663,385

                                       16



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
VERITAS SOFTWARE CO          COM             923436109         4,952    171,826   X                                          171,826
VERTEX PHARMACEUTICALS INC   COM             92532F100           198     13,500   X                                           13,500
VIAD CORP                    COM             92552R109           279     12,469   X                                           12,469
VIACOM INC                   CL A            925524100         4,453    101,900   X                                          101,900
VIACOM INC                   CL B            925524308        45,303  1,037,637   X                                        1,037,637
VISHAY INTERTECHNOLOGY INC   COM             928298108           389     29,453   X                                           29,453
VISTEON CORP                 COM             92839U107            98     14,305   X                                           14,305
VORNADO RLTY TR              SH BEN INT      929042109           214      4,900   X                                            4,900
VULCAN MATLS CO              COM             929160109         1,496     40,368   X                                           40,368
WSFS FINL CORP               COM             929328102           463     12,200   X                                           12,200
WACHOVIA CORP 2ND NEW        COM             929903102        32,349    809,533   X                                          809,533
WADDELL & REED FINL INC      CL A            930059100           434     16,923   X                                           16,923
WAL MART STORES INC          COM             931142103       141,502  2,636,520   X                                        2,636,520
WALGREEN CO                  COM             931422109        17,449    579,707   X                                          579,707
WASHINGTON MUT INC           COM             939322103        33,337    807,185   X                                          807,185
WASHINGTON POST CO           CL B            939640108         7,196      9,819   X                                            9,819
WASTE MGMT INC DEL           COM             94106L109         7,780    322,946   X                                          322,946
WATERS CORP                  COM             941848103         1,735     59,561   X                                           59,561
WATSON PHARMACEUTICALS INC   COM             942683103         1,260     31,218   X                                           31,218
WEBMD CORP                   COM             94769M105           878     80,794   X                                           80,794
WEIGHT WATCHERS INTL INC NE  COM             948626106         3,170     69,676   X                                           69,676
WEINGARTEN RLTY INVS         SH BEN INT      948741103           729     17,408   X                                           17,408
WELLPOINT HEALTH NETWORK NE  COM             94973H108         9,263    109,887   X                                          109,887
WELLS FARGO & CO NEW         COM             949746101        39,590    785,521   X                                          785,521
WENDYS INTL INC              COM             950590109           704     24,308   X                                           24,308
WESTAMERICA BANCORPORATION   COM             957090103         1,189     27,589   X                                           27,589
WESTERN DIGITAL CORP         COM             958102105           464     45,028   X                                           45,028
WESTERN WIRELESS CORP        CL A            95988E204           751     65,000   X                                           65,000

                                       17



                                                VERIZON INVESTMENT MANAGEMENT CORP.
                                             FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                                           JUNE 30, 2003

            ITEM 1:               ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:         ITEM 6:        ITEM 7:        ITEM 8:
                                                                                                                     VOTING
                                                                                   INV. DISCRETION              AUTHORITY SHARES
                                                                                 (A)    (B)     (C)             (A)    (B)     (C)
                                                        PENSION FAIR  SHARES OR       SHARED          MANAGERS
                                               CUSIP    MARKET VALUE  PRINCIPAL       AS DEF. SHARED    SEE
NAME OF ISSUER               TITLE OF CLASS    NUMBER      ($000)       AMOUNT   SOLE INSTR.V  OTHER  INSTR.V   SOLE SHARED   NONE
                                                                                          
WESTWOOD ONE INC             COM             961815107         1,330     39,203   X                                           39,203
WEYERHAEUSER CO              COM             962166104         5,835    108,061   X                                          108,061
WHIRLPOOL CORP               COM             963320106           930     14,600   X                                           14,600
WHITNEY HLDG CORP            COM             966612103           818     25,552   X                                           25,552
WHOLE FOODS MKT INC          COM             966837106         3,168     66,652   X                                           66,652
WILEY JOHN & SONS INC        CL A            968223206           286     10,918   X                                           10,918
WILLIAMS COS INC DEL         COM             969457100           702     88,901   X                                           88,901
WILLIAMS SONOMA INC          COM             969904101           958     32,797   X                                           32,797
WILMINGTON TRUST CORP        COM             971807102           493     16,813   X                                           16,813
WINN DIXIE STORES INC        COM             974280109           255     20,687   X                                           20,687
WISCONSIN ENERGY CORP        COM             976657106         3,931    135,550   X                                          135,550
WORTHINGTON INDS INC         COM             981811102           277     20,644   X                                           20,644
WRIGLEY WM JR CO             COM             982526105         6,255    111,246   X                                          111,246
WYETH                        COM             983024100        30,108    660,995   X                                          660,995
XTO ENERGY INC               COM             98385X106         1,746     86,814   X                                           86,814
XCEL ENERGY INC              COM             98389B100         1,031     68,553   X                                           68,553
XILINX INC                   COM             983919101         4,390    173,506   X                                          173,506
XEROX CORP                   COM             984121103         2,772    261,785   X                                          261,785
YAHOO INC                    COM             984332106        10,283    314,470   X                                          314,470
YOUNG BROADCASTING INC       CL A            987434107           675     32,000   X                                           32,000
YUM BRANDS INC               COM             988498101         3,114    105,350   X                                          105,350
ZEBRA TECHNOLOGIES CORP      CL A            989207105         3,273     43,498   X                                           43,498
ZIMMER HLDGS INC             COM             98956P102        12,600    279,689   X                                          279,689
ZIONS BANCORPORATION         COM             989701107           789     15,584   X                                           15,584

GRAND TOTAL                                                5,773,128


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