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 18