World Largest Economies: Countries and Corporations Ranking

1995 FORTUNE GLOBAL 500   prepared by: L. Klemas



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        Ranking World Largest Economies (Countries & Corporations)

                                             $ millon                                          Income
                                             Revenues           %      Population   % world    capita Industry                            Country

        Total World Countries              19,633,684      100.00   5,553,707,800                3535
        G7 countries                       13,149,990       66.98     674,594,000     11.78     19493
        Total G500 Corporations            10,245,341       52.18      34,515,427      0.60    296834

      1 United States                       5,452,500       27.77     263,434,000      4.60     20698
      2 Japan                               3,007,183       15.32     125,200,000      2.19     24019
      3 Germany                             1,500,645        7.64      81,640,000      1.43     18381
      4 France                              1,041,766        5.31      58,150,000      1.02     17915
      5 Italy                                 884,506        4.51      58,300,000      1.02     15172
      6 United Kingdom                        786,052        4.00      58,260,000      1.02     13492
      7 China                                 532,915        2.71   1,211,680,000     21.16       440
      8 Canada                                477,338        2.43      29,610,000      0.52     16121
      9 India                                 378,600        1.93     935,740,000     16.34       405
     10 Spain                                 357,489        1.82      39,210,000      0.68      9117
     11 Brazil                                332,616        1.69     155,820,000      2.72      2135
     12 Netherlands                           265,482        1.35      15,450,000      0.27     17183
     13 Australia                             261,363        1.33      18,050,000      0.32     14480
     14 Korea, South                          252,132        1.28      44,850,000      0.78      5622
     15 Russia                                246,882        1.26     148,140,000      2.59      1667
     16 Iran                                  190,341        0.97      61,280,000      1.07      3106
     17 Switzerland                           188,082        0.96       7,040,000      0.12     26716
     18 MITSUBISHI                            175,836        0.90          36,000      0.00   4884322 Trading                             Japan
     19 Taiwan                                174,106        0.89      21,304,000      0.37      8172
     20 MITSUI                                171,491        0.87          80,000      0.00   2143631 Trading                             Japan
     21 Sweden                                171,065        0.87       8,830,000      0.15     19373
     22 ITOCHU                                167,825        0.85           7,345      0.00  22848836 Trading                             Japan
     23 Belgium                               166,940        0.85      10,110,000      0.18     16512
     24 SUMITOMO                              162,476        0.83          22,000      0.00   7385268 Trading                             Japan
     25 Mexico                                155,313        0.79      94,850,000      1.66      1637
     26 GENERAL MOTORS                        154,951        0.79         692,800      0.01    223659 Motor vehicles and parts            U.S.
     27 MARUBENI                              150,187        0.76           9,911      0.00  15153607 Trading                             Japan
     28 Austria                               144,703        0.74       8,530,000      0.15     16964
     29 Indonesia                             129,367        0.66     193,750,000      3.38       668
     30 Argentina                             129,107        0.66      34,770,000      0.61      3713
     31 FORD MOTOR                            128,439        0.65         337,778      0.01    380247 Motor vehicles and parts            U.S.
     32 Denmark                               117,631        0.60       5,230,000      0.09     22492
     33 Turkey                                116,506        0.59      61,640,000      1.08      1890
     34 Thailand                              106,017        0.54      59,400,000      1.04      1785
     35 Norway                                101,565        0.52       4,360,000      0.08     23295
     36 EXXON                                 101,459        0.52          86,000      0.00   1179756 Petroleum refining                  U.S.
     37 NISSHO IWAI                           100,876        0.51          17,008      0.00   5931062 Trading                             Japan
     38 Saudi Arabia                           96,701        0.49      17,880,000      0.31      5408
     39 ROYAL DUTCH/SHELL GROUP                94,881        0.48         106,000      0.00    895107 Petroleum refining                  UK/NL
     40 Finland                                92,833        0.47       5,110,000      0.09     18167
     41 South Africa                           90,156        0.46      41,240,000      0.72      2186
     42 TOYOTA MOTOR                           88,159        0.45         110,534      0.00    797570 Motor vehicles and parts            Japan
     43 WAL-MART STORES                        83,412        0.42         600,000      0.01    139021 General merchandisers               U.S.
     44 HITACHI                                76,431        0.39         331,673      0.01    230441 Electronics, electrical equipment   Japan
     45 NIPPON LIFE INSURANCE                  75,350        0.38          90,132      0.00    836001 Insurance mutual                    Japan
     46 AT&T                                   75,094        0.38         304,500      0.01    246614 Telecommunications                  U.S.
     47 NIPPON TELEGRAPH & TELEPHONE           70,844        0.36         194,700      0.00    363860 Telecommunications                  Japan
     48 MATSUSHITA ELECTRIC INDUSTRIAL         69,947        0.36         265,397      0.00    263555 Electronics, electrical equipment   Japan
     49 TOMEN                                  69,902        0.36           3,192      0.00  21898966 Trading                             Japan
     50 Algeria                                69,633        0.35      28,550,000      0.50      2439

     51 Hong Kong                              69,098        0.35       6,189,800      0.11     11163
     52 Poland                                 65,974        0.34      38,590,000      0.67      1710
     53 GENERAL ELECTRIC                       64,687        0.33         221,000      0.00    292701 Electronics, electrical equipment   U.S.
     54 Vietnam                                64,511        0.33      74,540,000      1.30       865
     55 DAIMLER-BENZ                           64,169        0.33         330,551      0.01    194126 Motor vehicles and parts            Germany
     56 INTL. BUSINESS MACHINES                64,052        0.33         243,039      0.00    263546 Computers, office equipment         U.S.
     57 Malaysia                               62,397        0.32      20,140,000      0.35      3098
     58 MOBIL                                  59,621        0.30          58,500      0.00   1019162 Petroleum refining                  U.S.
     59 Israel                                 58,840        0.30       5,540,000      0.10     10621
     60 NISSAN MOTOR                           58,732        0.30         145,582      0.00    403428 Motor vehicles and parts            Japan
     61 Venezuela                              57,371        0.29      21,640,000      0.38      2651
     62 NICHIMEN                               56,203        0.29           2,591      0.00  21691470 Trading                             Japan
     63 KANEMATSU                              55,856        0.28           8,431      0.00   6625086 Trading                             Japan
     64 DAI-ICHI MUTUAL LIFE INSURANCE         54,900        0.28          71,797      0.00    764661 Insurance mutual                    Japan
     65 SEARS ROEBUCK                          54,825        0.28         360,000      0.01    152292 General merchandisers               U.S.
     66 PHILIP MORRIS                          53,776        0.27         165,000      0.00    325915 Food                                U.S.
     67 Greece                                 53,230        0.27      10,460,000      0.18      5089
     68 CHRYSLER                               52,224        0.27         121,000      0.00    431603 Motor vehicles and parts            U.S.
     69 Ukraine                                51,756        0.26      51,640,000      0.90      1002
     70 Portugal                               51,401        0.26      10,800,000      0.19      4759
     71 SIEMENS                                51,055        0.26         382,000      0.01    133652 Electronics, electrical equipment   Germany
     72 BRITISH PETROLEUM                      50,737        0.26          60,000      0.00    845615 Petroleum refining                  Britain
     73 Colombia                               50,581        0.26      35,100,000      0.61      1441
     74 Ireland                                50,362        0.26       3,580,000      0.06     14068
     75 TOKYO ELECTRIC POWER                   50,359        0.26          43,115      0.00   1168025 Electric and gas utilities          Japan
     76 Pakistan                               49,589        0.25     129,810,000      2.27       382
     77 U.S. POSTAL SERVICE                    49,383        0.25         728,944      0.01     67746 Mail, package and freight delivery  U.S.
     78 VOLKSWAGEN                             49,350        0.25         242,318      0.00    203658 Motor vehicles and parts            Germany
     79 SUMITOMO LIFE INSURANCE                49,063        0.25          70,911      0.00    691897 Insurance mutual                    Japan
     80 TOSHIBA                                48,228        0.25         190,000      0.00    253834 Electronics, electrical equipment   Japan
     81 UNILEVER                               45,451        0.23         304,000      0.01    149511 Food                                UK/NL
     82 IRI                                    45,389        0.23         292,695      0.01    155071 Metals                              Italy
     83 Egypt                                  43,732        0.22      59,230,000      1.03       738
     84 Philippines                            43,129        0.22      70,270,000      1.23       614
     85 NESTLE                                 41,626        0.21         212,687      0.00    195713 Food                                Switzerlan
     86 New Zealand                            41,240        0.21       3,540,000      0.06     11650
     87 DEUTSCHE TELEKOM                       41,071        0.21         223,000      0.00    184176 Telecommunications                  Germany
     88 FIAT                                   40,851        0.21         248,810      0.00    164187 Motor vehicles and parts            Italy
     89 ALLIANZ HOLDING                        40,415        0.21          69,859      0.00    578525 Insurance stock                     Germany
     90 SONY                                   40,101        0.20         138,000      0.00    290588 Electronics, electrical equipment   Japan
     91 VEBA GROUP                             40,072        0.20         126,875      0.00    315838 Trading                             Germany
     92 HONDA MOTOR                            39,927        0.20          92,800      0.00    430250 Motor vehicles and parts            Japan
     93 Singapore                              39,775        0.20       2,990,000      0.05     13303
     94 ELF AQUITAINE                          39,459        0.20          89,500      0.00    440884 Petroleum refining                  France
     95 Nigeria                                39,349        0.20     126,720,000      2.21       311
     96 STATE FARM GROUP                       38,850        0.20          68,353      0.00    568374 Insurance mutual                    U.S.
     97 NEC                                    37,946        0.19         151,069      0.00    251183 Electronics, electrical equipment   Japan
     98 PRUDENTIAL INS. CO. OF AMERICA         36,946        0.19          99,000      0.00    373189 Insurance mutual                    U.S.
     99 OESTERREICHISCHE POST                  36,766        0.19          56,983      0.00    645210 Telecommunications                  Austria
    100 MEIJI MUTUAL LIFE INSURANCE            36,344        0.19          49,050      0.00    740952 Insurance mutual                    Japan

    101 Chile                                  36,009        0.18      14,200,000      0.25      2536
    102 DAEWOO                                 35,707        0.18          80,600      0.00    443010 Electronics, electrical equipment   South Kore
    103 E.I. DU PONT DE NEMOURS                34,968        0.18         107,000      0.00    326804 Chemicals                           U.S.
    104 UNION DES ASSUR. DE PARIS              34,597        0.18          50,448      0.00    685795 Insurance stock                     France
    105 MITSUBISHI MOTORS                      34,370        0.18          28,742      0.00   1195808 Motor vehicles and parts            Japan
    106 KMART                                  34,313        0.17         335,000      0.01    102427 General merchandisers               U.S.
    107 TEXACO                                 33,768        0.17          30,042      0.00   1124026 Petroleum refining                  U.S.
    108 PHILIPS ELECTRONICS                    33,517        0.17         253,032      0.00    132460 Electronics, electrical equipment   Netherland
    109 ELECTRICITE DE FRANCE                  33,467        0.17         117,575      0.00    284640 Electric and gas utilities          France
    110 DEUTSCHE BANK                          33,069        0.17          73,450      0.00    450227 Commercial banks                    Germany
    111 FUJITSU                                32,795        0.17         164,364      0.00    199527 Computers, office equipment         Japan
    112 United Arab Emirates                   32,794        0.17       1,930,000      0.03     16992
    113 MITSUBISHI ELECTRIC                    32,726        0.17         110,573      0.00    295971 Electronics, electrical equipment   Japan
    114 Czech Republic                         32,671        0.17      10,330,000      0.18      3163
    115 ENI                                    32,566        0.17          91,544      0.00    355740 Petroleum refining                  Italy
    116 RENAULT                                32,188        0.16         138,279      0.00    232776 Motor vehicles and parts            France
    117 DAIEI                                  32,062        0.16          49,682      0.00    645350 Food and drug stores                Japan
    118 CITICORP                               31,650        0.16          82,600      0.00    383172 Commercial banks                    U.S.
    119 INDUSTRIAL BANK OF JAPAN               31,072        0.16           5,433      0.00   5719179 Commercial banks                    Japan
    120 CHEVRON                                31,064        0.16          45,758      0.00    678876 Petroleum refining                  U.S.
    121 HOECHST                                30,604        0.16         165,671      0.00    184729 Chemicals                           Germany
    122 PROCTER & GAMBLE                       30,296        0.15          96,500      0.00    313948 Soaps, cosmetics                    U.S.
    123 ALCATEL ALSTHOM                        30,224        0.15         196,900      0.00    153499 Electronics, electrical equipment   France
    124 PEUGEOT                                30,112        0.15         139,800      0.00    215396 Motor vehicles and parts            France
    125 FUJI BANK                              30,103        0.15          16,252      0.00   1852283 Commercial banks                    Japan
    126 MITSUBISHI BANK                        29,991        0.15          15,701      0.00   1910127 Commercial banks                    Japan
    127 ABB ASEA BROWN BOVERI                  29,718        0.15         207,557      0.00    143180 Electronics, electrical equipment   Switzerlan
    128 SUMITOMO BANK                          29,621        0.15          17,247      0.00   1717435 Commercial banks                    Japan
    129 NIPPON STEEL                           29,004        0.15          96,800      0.00    299626 Metals                              Japan
    130 SANWA BANK                             28,799        0.15          14,909      0.00   1931652 Commercial banks                    Japan
    131 MITSUBISHI HEAVY INDUSTRIES            28,676        0.15          53,048      0.00    540567 Industrial and farm equipment       Japan
    132 ITO-YOKADO                             28,632        0.15          66,710      0.00    429194 Food and drug stores                Japan
    133 RWE GROUP                              28,628        0.15         117,958      0.00    242699 Petroleum refining                  Germany
    134 PEPSICO                                28,472        0.15         471,000      0.01     60451 Food services                       U.S.
    135 Puerto Rico                            28,304        0.14       3,670,000      0.06      7712
    136 PEMEX (PETROLEOS MEXICANOS)            28,195        0.14         119,928      0.00    235097 Petroleum refining                  Mexico
    137 CIE GENERALE DES EAUX                  28,153        0.14         215,281      0.00    130774 Engineering, construction           France
    138 Peru                                   27,890        0.14      23,530,000      0.41      1185
    139 Romania                                27,881        0.14      22,680,000      0.40      1229
    140 CREDIT AGRICOLE                        27,753        0.14          72,500      0.00    382801 Commercial banks                    France
    141 AMOCO                                  26,953        0.14          43,205      0.00    623840 Petroleum refining                  U.S.
    142 BASF                                   26,928        0.14         106,266      0.00    253399 Chemicals                           Germany
    143 ING GROUP                              26,926        0.14          46,975      0.00    573205 Diversified financials              Netherland
    144 BAYER                                  26,771        0.14         146,700      0.00    182489 Chemicals                           Germany
    145 ASAHI MUTUAL LIFE INSURANCE            26,506        0.14          39,499      0.00    671042 Insurance mutual                    Japan
    146 DAI-ICHI KANGYO BANK                   26,500        0.13          19,061      0.00   1390284 Commercial banks                    Japan
    147 CREDIT LYONNAIS                        26,388        0.13          68,291      0.00    386407 Commercial banks                    France
    148 SAKURA BANK                            26,069        0.13          21,600      0.00   1206898 Commercial banks                    Japan
    149 BMW (BAYERISCHE MOTOREN WERKE)         25,973        0.13         109,362      0.00    237492 Motor vehicles and parts            Germany
    150 FRANCE TELECOM                         25,706        0.13         152,886      0.00    168140 Telecommunications                  France

    151 KANSAI ELECTRIC POWER                  25,585        0.13          26,707      0.00    958000 Electric and gas utilities          Japan
    152 HEWLETT-PACKARD                        24,991        0.13          98,400      0.00    253974 Computers, office equipment         U.S.
    153 TOTAL                                  24,653        0.13          51,803      0.00    475899 Petroleum refining                  France
    154 EAST JAPAN RAILWAY                     24,643        0.13          79,709      0.00    309167 Railroads                           Japan
    155 LONG-TERM CREDIT BANK OF JAPAN         24,605        0.13           3,877      0.00   6346428 Commercial banks                    Japan
    156 CARREFOUR                              24,573        0.13          95,900      0.00    256236 Specialist retailers                France
    157 Bangladesh                             24,297        0.12     120,430,000      2.10       202
    158 ITT                                    23,767        0.12         110,000      0.00    216064 Diversified financials              U.S.
    159 GAN                                    23,668        0.12          34,985      0.00    676513 Insurance stock                     France
    160 Libya                                  23,552        0.12       5,210,000      0.09      4521
    161 CONAGRA                                23,512        0.12          87,309      0.00    269299 Food                                U.S.
    162 Morocco                                23,001        0.12      27,110,000      0.47       848
    163 KROGER                                 22,959        0.12         200,000      0.00    114796 Food and drug stores                U.S.
    164 YASUDA MUTUAL LIFE INSURANCE           22,664        0.12          23,405      0.00    968332 Insurance mutual                    Japan
    165 AXA                                    22,426        0.11          47,000      0.00    477151 Insurance stock                     France
    166 Kuwait                                 22,400        0.11       1,690,000      0.03     13254
    167 AMERICAN INTERNATIONAL GROUP           22,386        0.11          32,000      0.00    699553 Insurance stock                     U.S.
    168 Bulgaria                               22,307        0.11       8,800,000      0.15      2535
    169 METROPOLITAN LIFE INSURANCE            22,258        0.11          43,354      0.00    513399 Insurance mutual                    U.S.
    170 MOTOROLA                               22,245        0.11         132,000      0.00    168523 Electronics, electrical equipment   U.S.
    171 Hungary                                22,235        0.11      10,220,000      0.18      2176
    172 THYSSEN                                22,219        0.11         129,389      0.00    171725 Metals                              Germany
    173 MAZDA MOTOR                            22,189        0.11          35,361      0.00    627494 Motor vehicles and parts            Japan
    174 PDVSA                                  22,157        0.11          53,627      0.00    413169 Petroleum refining                  Venezuela
    175 BAT INDUSTRIES                         22,094        0.11         173,475      0.00    127364 Tobacco                             Britain
    176 NIPPON OIL                             21,988        0.11          11,117      0.00   1977899 Petroleum refining                  Japan
    177 BOEING                                 21,924        0.11         115,000      0.00    190643 Aerospace                           U.S.
    178 ENEL                                   21,840        0.11         101,849      0.00    214438 Electric and gas utilities          Italy
    179 ZURICH INSURANCE                       21,741        0.11          37,354      0.00    582021 Insurance stock                     Switzerlan
    180 MITSUI MUTUAL LIFE INSURANCE           21,739        0.11          29,210      0.00    744225 Insurance mutual                    Japan
    181 BT                                     21,613        0.11         137,500      0.00    157188 Telecommunications                  Britain
    182 ABN AMRO HOLDING                       21,546        0.11          61,181      0.00    352162 Commercial banks                    Netherland
    183 DAYTON HUDSON                          21,311        0.11         194,000      0.00    109851 General merchandisers               U.S.
    184 ROBERT BOSCH                           21,258        0.11         153,794      0.00    138223 Motor vehicles and parts            Germany
    185 NORINCHUKIN BANK                       21,216        0.11           3,296      0.00   6436893 Commercial banks                    Japan
    186 UNITED TECHNOLOGIES                    21,197        0.11         171,500      0.00    123598 Aerospace                           U.S.
    187 HSBC HOLDINGS                          21,146        0.11         101,737      0.00    207850 Commercial banks                    Britain
    188 J.C. PENNEY                            21,082        0.11         202,000      0.00    104366 General merchandisers               U.S.
    189 KAJIMA                                 21,045        0.11          14,538      0.00   1447606 Engineering, construction           Japan
    190 SHIMIZU                                20,962        0.11          12,172      0.00   1722125 Engineering, construction           Japan
    191 ASSICURAZIONI GENERALI                 20,765        0.11          37,918      0.00    547626 Insurance stock                     Italy
    192 CHUBU ELECTRIC POWER                   20,523        0.10          20,891      0.00    982394 Electric and gas utilities          Japan
    193 INI                                    20,340        0.10         130,948      0.00    155328 Industrial and farm equipment       Spain
    194 BARCLAYS BANK                          20,205        0.10          94,800      0.00    213136 Commercial banks                    Britain
    195 VOLVO                                  20,204        0.10          60,115      0.00    336089 Motor vehicles and parts            Sweden
    196 TAISEI                                 20,116        0.10          21,798      0.00    922851 Engineering, construction           Japan
    197 NATIONAL WESTMINSTER BANK              20,058        0.10          87,400      0.00    229499 Commercial banks                    Britain
    198 CS HOLDING                             20,032        0.10          53,243      0.00    376228 Commercial banks                    Switzerlan
    199 DOW CHEMICAL                           20,015        0.10          53,700      0.00    372719 Chemicals                           U.S.
    200 DEUTSCHE BAHN                          20,009        0.10         357,324      0.01     55996 Railroads                           Germany

    201 GTE                                    19,944        0.10         111,162      0.00    179417 Telecommunications                  U.S.
    202 JUSCO                                  19,904        0.10          34,103      0.00    583641 Food and drug stores                Japan
    203 CIE DE SUEZ                            19,586        0.10          41,000      0.00    477712 Diversified financials              France
    204 UNITED PARCEL SERVICE                  19,576        0.10         320,000      0.01     61174 Mail, package and freight delivery  U.S.
    205 MUNCHENER RüCK                         19,514        0.10          17,325      0.00   1126320 Insurance stock                     Germany
    206 CIE FINANCIèRE DE PARIBAS              19,327        0.10          25,690      0.00    752301 Commercial banks                    France
    207 FORTIS                                 19,306        0.10          32,127      0.00    600937 Insurance stock                     BE/NL
    208 LYONNAISE DES EAUX                     19,126        0.10         141,000      0.00    135648 Engineering, construction           France
    209 CANON                                  18,918        0.10          67,672      0.00    279554 Computers, office equipment         Japan
    210 MANNESMANN                             18,742        0.10         124,914      0.00    150038 Industrial and farm equipment       Germany
    211 FED. NATL. MORTGAGE ASSN.              18,572        0.09           3,500      0.00   5306400 Diversified financials              U.S.
    212 TRAVELERS INC.                         18,465        0.09          52,000      0.00    355096 Insurance stock                     U.S.
    213 CIGNA                                  18,392        0.09          48,341      0.00    380464 Insurance stock                     U.S.
    214 AMERICAN STORES                        18,355        0.09         118,000      0.00    155552 Food and drug stores                U.S.
    215 PRUDENTIAL                             18,237        0.09          26,000      0.00    701408 Insurance stock                     Britain
    216 MERRILL LYNCH                          18,233        0.09          43,800      0.00    416281 Brokerage                           U.S.
    217 SUNKYONG                               18,197        0.09          23,356      0.00    779093 Petroleum refining                  South Kore
    218 JAPAN POSTAL SERVICE                   18,175        0.09         143,331      0.00    126802 Mail, package and freight delivery  Japan
    219 WINTERTHUR GROUP                       18,148        0.09          24,015      0.00    755703 Insurance stock                     Switzerlan
    220 NKK                                    18,141        0.09          43,062      0.00    421267 Metals                              Japan
    221 VIAG                                   17,854        0.09          86,018      0.00    207555 Trading                             Germany
    222 XEROX                                  17,837        0.09          87,600      0.00    203619 Scientific, photo., control equip.  U.S.
    223 SSANGYONG                              17,821        0.09          31,270      0.00    569891 Trading                             South Kore
    224 REPSOL                                 17,717        0.09          18,727      0.00    946062 Petroleum refining                  Spain
    225 J. SAINSBURY                           17,668        0.09          82,345      0.00    214561 Food and drug stores                Britain
    226 DEUTSCHE POST                          17,634        0.09         340,000      0.01     51864 Mail, package and freight delivery  Germany
    227 Syria                                  17,592        0.09      14,190,000      0.25      1240
    228 TOKIO MARINE & FIRE INSURANCE          17,547        0.09          15,006      0.00   1169359 Insurance stock                     Japan
    229 AETNA LIFE & CASUALTY                  17,525        0.09          40,854      0.00    428959 Insurance stock                     U.S.
    230 WESTDEUTSCHE LANDESBANK                17,386        0.09           9,353      0.00   1858826 Commercial banks                    Germany
    231 PETROBRáS                              17,353        0.09          54,535      0.00    318201 Petroleum refining                  Brazil
    232 DRESDNER BANK                          17,321        0.09          44,884      0.00    385906 Commercial banks                    Germany
    233 PROMODèS                               17,144        0.09          51,476      0.00    333039 Food and drug stores                France
    234 SWISS REINSURANCE                      17,114        0.09          26,364      0.00    649131 Insurance stock                     Switzerlan
    235 BANK OF TOKYO                          16,989        0.09          17,538      0.00    968674 Commercial banks                    Japan
    236 NIPPON EXPRESS                         16,985        0.09          63,999      0.00    265401 Mail, package and freight delivery  Japan
    237 JAPAN TOBACCO                          16,961        0.09          23,208      0.00    730830 Tobacco                             Japan
    238 EASTMAN KODAK                          16,862        0.09          96,300      0.00    175099 Scientific, photo., control equip.  U.S.
    239 BELLSOUTH                              16,845        0.09          92,121      0.00    182852 Telecommunications                  U.S.
    240 USX                                    16,799        0.09          43,347      0.00    387547 Petroleum refining                  U.S.
    241 TOYOTA TSUSHO                          16,599        0.08           3,861      0.00   4299093 Trading                             Japan
    242 SUPERVALU                              16,564        0.08          43,500      0.00    380777 Wholesalers                         U.S.
    243 BANKAMERICA CORP.                      16,531        0.08          90,000      0.00    183678 Commercial banks                    U.S.
    244 PRICE/COSTCO                           16,481        0.08          47,000      0.00    350651 Specialist retailers                U.S.
    245 SANYO ELECTRIC                         16,442        0.08          58,417      0.00    281457 Electronics, electrical equipment   Japan
    246 ASSURANCES GENERALES DE FRANCE         16,417        0.08          26,256      0.00    625259 Insurance stock                     France
    247 Belarus                                16,408        0.08      10,240,000      0.18      1602
    248 SHARP                                  16,285        0.08          43,949      0.00    370532 Electronics, electrical equipment   Japan
    249 COCA-COLA                              16,172        0.08          33,000      0.00    490061 Beverages                           U.S.
    250 AMR                                    16,137        0.08         109,800      0.00    146967 Airlines                            U.S.

    251 CIBA-GEIGY                             16,132        0.08          83,980      0.00    192091 Chemicals                           Switzerlan
    252 HYUNDAI                                15,940        0.08             678      0.00  23510029 Trading                             South Kore
    253 KONINKLIJKE AHOLD                      15,928        0.08         127,668      0.00    124762 Food and drug stores                Netherland
    254 BCE                                    15,865        0.08         116,000      0.00    136767 Electronics, electrical equipment   Canada
    255 TAIYO MUTUAL LIFE INSURANCE            15,821        0.08          19,711      0.00    802633 Insurance mutual                    Japan
    256 FLEMING                                15,754        0.08          42,400      0.00    371545 Wholesalers                         U.S.
    257 JOHNSON & JOHNSON                      15,734        0.08          81,500      0.00    193055 Pharmaceuticals                     U.S.
    258 RUHRKOHLE                              15,722        0.08         107,440      0.00    146333 Mining, crude-oil production        Germany
    259 ATLANTIC RICHFIELD                     15,682        0.08          23,200      0.00    675948 Petroleum refining                  U.S.
    260 SAFEWAY                                15,627        0.08         109,969      0.00    142100 Food and drug stores                U.S.
    261 TESCO                                  15,624        0.08          71,467      0.00    218620 Food and drug stores                Britain
    262 BRIDGESTONE                            15,608        0.08          89,711      0.00    173985 Rubber and plastic products         Japan
    263 AMERICAN EXPRESS                       15,593        0.08          72,412      0.00    215337 Diversified financials              U.S.
    264 RHONE-POULENC                          15,560        0.08          81,582      0.00    190722 Chemicals                           France
    265 SARA LEE                               15,536        0.08         145,900      0.00    106484 Food                                U.S.
    266 JAPAN ENERGY                           15,434        0.08          16,826      0.00    917289 Petroleum refining                  Japan
    267 ISUZU MOTORS                           15,385        0.08          14,896      0.00   1032854 Motor vehicles and parts            Japan
    268 RJR NABISCO HOLDINGS                   15,366        0.08          70,600      0.00    217649 Tobacco                             U.S.
    269 TOKAI BANK                             15,308        0.08          11,971      0.00   1278765 Commercial banks                    Japan
    270 BANK OF CHINA                          15,289        0.08         176,125      0.00     86805 Commercial banks                    China
    271 MINNESOTA MINING & MFG.                15,079        0.08          85,166      0.00    177054 Scientific, photo., control equip.  U.S.
    272 SINOCHEM                               14,981        0.08          14,000      0.00   1070071 Trading                             China
    273 MERCK                                  14,970        0.08          47,500      0.00    315154 Pharmaceuticals                     U.S.
    274 INTERNATIONAL PAPER                    14,966        0.08          70,000      0.00    213800 Forest and paper products           U.S.
    275 KARSTADT                               14,910        0.08         108,286      0.00    137686 General merchandisers               Germany
    276 Slovakia                               14,903        0.08       5,360,000      0.09      2780
    277 FERRUZZI FINANZIARIA                   14,890        0.08          34,449      0.00    432227 Food                                Italy
    278 PREUSSAG                               14,864        0.08          69,712      0.00    213220 Metals                              Germany
    279 BRITISH GAS                            14,858        0.08          67,297      0.00    220787 Electric and gas utilities          Britain
    280 CHIYODA MUTUAL LIFE INSURANCE          14,827        0.08          23,556      0.00    629415 Insurance mutual                    Japan
    281 NICHII                                 14,781        0.08          20,568      0.00    718655 General merchandisers               Japan
    282 JAPAN TRAVEL BUREAU                    14,749        0.08           8,968      0.00   1644636 zMiscellaneous                      Japan
    283 UNION BANK OF SWITZERLAND              14,715        0.07          28,882      0.00    509476 Commercial banks                    Switzerlan
    284 BAYERISCHE VEREINSBANK                 14,624        0.07          22,029      0.00    663834 Commercial banks                    Germany
    285 SAMSUNG ELECTRONICS                    14,578        0.07          57,321      0.00    254315 Electronics, electrical equipment   South Kore
    286 Iraq                                   14,475        0.07      20,450,000      0.36       708
    287 BTR                                    14,469        0.07         124,491      0.00    116226 Industrial and farm equipment       Britain
    288 IDEMITSU KOSAN                         14,372        0.07           5,399      0.00   2661937 Petroleum refining                  Japan
    289 TOHOKU ELECTRIC POWER                  14,331        0.07          14,457      0.00    991250 Electric and gas utilities          Japan
    290 CATERPILLAR                            14,328        0.07          53,986      0.00    265402 Industrial and farm equipment       U.S.
    291 USINOR-SACILOR                         14,325        0.07          61,400      0.00    233311 Metals                              France
    292 OBAYASHI                               14,315        0.07          12,952      0.00   1105235 Engineering, construction           Japan
    293 Ecuador                                14,207        0.07      11,460,000      0.20      1240
    294 IMPERIAL CHEMICAL INDUSTRIES           14,078        0.07          64,800      0.00    217259 Chemicals                           Britain
    295 COMMERZBANK                            14,074        0.07          28,706      0.00    490288 Commercial banks                    Germany
    296 BOUYGUES                               14,068        0.07          91,250      0.00    154174 Engineering, construction           France
    297 KAWASHO                                14,053        0.07           3,462      0.00   4059272 Trading                             Japan
    298 ELECTROLUX                             14,000        0.07         109,500      0.00    127853 Electronics, electrical equipment   Sweden
    299 UAL                                    13,950        0.07          77,900      0.00    179076 Airlines                            U.S.
    300 TAKENAKA                               13,922        0.07          10,039      0.00   1386792 Engineering, construction           Japan

    301 DANONE GROUP                           13,850        0.07          68,181      0.00    203131 Food                                France
    302 NIPPONDENSO                            13,819        0.07          55,901      0.00    247201 Motor vehicles and parts            Japan
    303 Uzbekistan                             13,793        0.07      22,840,000      0.40       604
    304 BELL ATLANTIC                          13,791        0.07          72,300      0.00    190752 Telecommunications                  U.S.
    305 SNCF                                   13,786        0.07         215,787      0.00     63885 Railroads                           France
    306 Kazakstan                              13,742        0.07      16,990,000      0.30       809
    307 CNP ASSURANCES                         13,710        0.07           2,220      0.00   6175721 Insurance stock                     France
    308 KYUSHU ELECTRIC POWER                  13,708        0.07          14,245      0.00    962274 Electric and gas utilities          Japan
    309 KAUFHOF                                13,618        0.07          69,147      0.00    196947 General merchandisers               Germany
    310 DAIDO LIFE INSURANCE                   13,589        0.07          20,949      0.00    648680 Insurance mutual                    Japan
    311 JAPAN AIRLINES                         13,574        0.07          20,679      0.00    656434 Airlines                            Japan
    312 SHV HOLDINGS                           13,554        0.07          57,400      0.00    236127 Trading                             Netherland
    313 LOEWS                                  13,515        0.07          28,100      0.00    480968 Diversified financials              U.S.
    314 MITSUBISHI CHEMICAL                    13,491        0.07          28,694      0.00    470182 Chemicals                           Japan
    315 ISTITUTO BANC. SAN PAOLO DI TORINO     13,451        0.07          24,702      0.00    544531 Commercial banks                    Italy
    316 DIGITAL EQUIPMENT                      13,451        0.07          77,800      0.00    172889 Computers, office equipment         U.S.
    317 KOBE STEEL                             13,445        0.07          32,485      0.00    413889 Metals                              Japan
    318 SAINT-GOBAIN                           13,430        0.07          80,909      0.00    165993 Building materials, glass           France
    319 THOMSON                                13,417        0.07          98,700      0.00    135939 Electronics, electrical equipment   France
    320 SUMITOMO METAL INDUSTRIES              13,385        0.07          54,181      0.00    247044 Metals                              Japan
    321 Burma                                  13,382        0.07      46,530,000      0.81       288
    322 MCI COMMUNICATIONS                     13,338        0.07          40,667      0.00    327981 Telecommunications                  U.S.
    323 NYNEX                                  13,307        0.07          65,400      0.00    203465 Telecommunications                  U.S.
    324 HANSON                                 13,224        0.07          74,000      0.00    178705 Building materials, glass           Britain
    325 TENNECO                                13,222        0.07          59,000      0.00    224102 Industrial and farm equipment       U.S.
    326 SEIYU                                  13,220        0.07          18,937      0.00    698088 Food and drug stores                Japan
    327 NIPPON CREDIT BANK                     13,216        0.07           2,665      0.00   4959174 Commercial banks                    Japan
    328 MCKESSON                               13,189        0.07          12,200      0.00   1081074 Wholesalers                         U.S.
    329 MCDONNELL DOUGLAS                      13,176        0.07          65,760      0.00    200365 Aerospace                           U.S.
    330 LOCKHEED                               13,130        0.07          82,500      0.00    159152 Aerospace                           U.S.
    331 NATIONSBANK CORP.                      13,126        0.07          61,484      0.00    213486 Commercial banks                    U.S.
    332 ASAHI BANK                             13,039        0.07          14,436      0.00    903214 Commercial banks                    Japan
    333 PECHINEY                               12,907        0.07          57,441      0.00    224702 Metal products                      France
    334 Tunisia                                12,848        0.07       8,900,000      0.16      1444
    335 YASUDA FIRE & MARINE INSURANCE         12,819        0.07          12,902      0.00    993551 Insurance stock                     Japan
    336 ALLIEDSIGNAL                           12,817        0.07          87,500      0.00    146480 Aerospace                           U.S.
    337 GROUPE PINAULT-PRINTEMPS               12,764        0.07          60,843      0.00    209779 Wholesalers                         France
    338 GEORGIA-PACIFIC                        12,738        0.06          47,000      0.00    271021 Forest and paper products           U.S.
    339 CHEMICAL BANKING CORP.                 12,685        0.06          42,130      0.00    301092 Commercial banks                    U.S.
    340 SUZUKI MOTOR                           12,667        0.06          13,455      0.00    941442 Motor vehicles and parts            Japan
    341 SPRINT                                 12,662        0.06          51,600      0.00    245384 Telecommunications                  U.S.
    342 AMERITECH                              12,570        0.06          63,594      0.00    197652 Telecommunications                  U.S.
    343 FRIED. KRUPP                           12,569        0.06          66,138      0.00    190045 Metals                              Germany
    344 MITSUI FUDOSAN                         12,505        0.06           1,509      0.00   8286746 zMiscellaneous                      Japan
    345 HOME DEPOT                             12,477        0.06          70,000      0.00    178239 Specialist retailers                U.S.
    346 HYPO-BANK GROUP                        12,465        0.06          19,064      0.00    653834 Commercial banks                    Germany
    347 Oman                                   12,453        0.06       2,160,000      0.04      5765
    348 SEKISUI HOUSE                          12,390        0.06          13,775      0.00    899434 Engineering, construction           Japan
    349 TOHO MUTUAL LIFE INSURANCE             12,380        0.06          17,095      0.00    724200 Insurance mutual                    Japan
    350 METALLGESELLSCHAFT                     12,367        0.06          26,324      0.00    469811 Metals                              Germany

    351 PHILLIPS PETROLEUM                     12,367        0.06          18,400      0.00    672120 Petroleum refining                  U.S.
    352 DELTA AIR LINES                        12,359        0.06          71,412      0.00    173066 Airlines                            U.S.
    353 DENTSU                                 12,307        0.06          11,500      0.00   1070148 zMiscellaneous                      Japan
    354 GOODYEAR TIRE & RUBBER                 12,288        0.06          90,094      0.00    136393 Rubber and plastic products         U.S.
    355 COSMO OIL                              12,241        0.06           6,444      0.00   1899659 Petroleum refining                  Japan
    356 MAY DEPARTMENT STORES                  12,223        0.06         119,000      0.00    102714 General merchandisers               U.S.
    357 AKZO NOBEL                             12,207        0.06          70,400      0.00    173393 Chemicals                           Netherland
    358 KYOEI LIFE INSURANCE                   12,174        0.06          18,682      0.00    651665 Insurance stock                     Japan
    359 FRANZ HANIEL                           12,158        0.06          24,737      0.00    491507 Wholesalers                         Germany
    360 ASAHI GLASS                            12,143        0.06          30,099      0.00    403419 Building materials, glass           Japan
    361 MICHELIN                               12,120        0.06         117,776      0.00    102910 Rubber and plastic products         France
    362 IBP                                    12,075        0.06          30,000      0.00    402513 Food                                U.S.
    363 NEW YORK LIFE INSURANCE                12,067        0.06           7,912      0.00   1525101 Insurance mutual                    U.S.
    364 ANHEUSER-BUSCH                         12,054        0.06          42,622      0.00    282807 Beverages                           U.S.
    365 DAI NIPPON PRINTING                    12,008        0.06          31,745      0.00    378267 Publishing, printing                Japan
    366 BRISTOL-MYERS SQUIBB                   11,984        0.06          47,700      0.00    251229 Pharmaceuticals                     U.S.
    367 J.P. MORGAN & CO.                      11,915        0.06          17,055      0.00    698622 Commercial banks                    U.S.
    368 ALBERTSON"S                            11,895        0.06          76,000      0.00    156508 Food and drug stores                U.S.
    369 STATOIL                                11,853        0.06          12,630      0.00    938440 Mining, crude-oil production        Norway
    370 TAKASHIMAYA                            11,806        0.06          13,945      0.00    846612 General merchandisers               Japan
    371 MIGROS                                 11,799        0.06          74,827      0.00    157685 Food and drug stores                Switzerlan
    372 TELEFONICA DE ESPA¥A                   11,794        0.06         103,938      0.00    113467 Telecommunications                  Spain
    373 SUMITOMO TRUST & BANKING               11,759        0.06           7,070      0.00   1663168 Commercial banks                    Japan
    374 BROKEN HILL PROPRIETARY                11,737        0.06          48,000      0.00    244519 Metals                              Australia
    375 SHOWA SHELL SEKIYU                     11,712        0.06           3,840      0.00   3049896 Petroleum refining                  Japan
    376 SNOW BRAND MILK PRODUCTS               11,684        0.06          16,026      0.00    729040 Food                                Japan
    377 ASAHI CHEMICAL INDUSTRY                11,626        0.06          28,551      0.00    407212 Chemicals                           Japan
    378 SBC COMMUNICATIONS                     11,619        0.06          58,750      0.00    197762 Telecommunications                  U.S.
    379 LUFTHANSA GROUP                        11,613        0.06          58,044      0.00    200078 Airlines                            Germany
    380 SANDOZ                                 11,611        0.06          60,304      0.00    192543 Pharmaceuticals                     Switzerlan
    381 MITSUBISHI MATERIALS                   11,590        0.06           9,182      0.00   1262220 Metals                              Japan
    382 HYUNDAI MOTOR                          11,572        0.06          44,773      0.00    258455 Motor vehicles and parts            South Kore
    383 DELHAIZE ¤LE LION´                     11,565        0.06          84,000      0.00    137675 Food and drug stores                Belgium
    384 KAWASAKI STEEL                         11,565        0.06          15,425      0.00    749731 Metals                              Japan
    385 INTEL                                  11,521        0.06          32,600      0.00    353405 Electronics, electrical equipment   U.S.
    386 US WEST                                11,506        0.06          61,505      0.00    187074 Telecommunications                  U.S.
    387 DAIWA BANK                             11,506        0.06           9,604      0.00   1198001 Commercial banks                    Japan
    388 ASKO DEUTSCHES KAUFHAUS                11,417        0.06          65,906      0.00    173236 Food and drug stores                Germany
    389 PETROFINA                              11,399        0.06          14,013      0.00    813466 Petroleum refining                  Belgium
    390 BANCO DO BRASIL                        11,385        0.06         119,380      0.00     95364 Commercial banks                    Brazil
    391 TOPPAN PRINTING                        11,381        0.06          32,953      0.00    345383 Publishing, printing                Japan
    392 ARCHER DANIELS MIDLAND                 11,374        0.06          16,013      0.00    710323 Food                                U.S.
    393 SWISS BANK CORP.                       11,354        0.06          23,334      0.00    486599 Commercial banks                    Switzerlan
    394 AEGON                                  11,326        0.06          19,713      0.00    574535 Insurance stock                     Netherland
    395 MELVILLE                               11,286        0.06         117,414      0.00     96118 Specialist retailers                U.S.
    396 SUMITOMO ELECTRIC INDUSTRIES           11,275        0.06          15,368      0.00    733687 Metal products                      Japan
    397 MITSUBISHI TRUST & BANKING             11,271        0.06           6,537      0.00   1724201 Commercial banks                    Japan
    398 GROUPE CASINO                          11,268        0.06          45,063      0.00    250052 Food and drug stores                France
    399 COMMERCIAL UNION                       11,247        0.06          24,764      0.00    454171 Insurance stock                     Britain
    400 GRAND METROPOLITAN                     11,218        0.06          42,687      0.00    262787 Beverages                           Britain

    401 ROCKWELL INTERNATIONAL                 11,205        0.06          71,891      0.00    155857 Electronics, electrical equipment   U.S.
    402 CHASE MANHATTAN CORP.                  11,187        0.06          36,690      0.00    304906 Commercial banks                    U.S.
    403 NATIONWIDE INSURANCE ENTERPRISE        11,183        0.06          28,515      0.00    392183 Insurance mutual                    U.S.
    404 BRITISH AIRWAYS                        11,165        0.06          53,060      0.00    210426 Airlines                            Britain
    405 SUMIKIN BUSSAN                         11,143        0.06           1,743      0.00   6393115 Trading                             Japan
    406 COLUMBIA/HCA HEALTHCARE                11,132        0.06         157,000      0.00     70904 zMiscellaneous                      U.S.
    407 FUJI HEAVY INDUSTRIES                  11,107        0.06          15,243      0.00    728643 Motor vehicles and parts            Japan
    408 COLES MYER                             11,090        0.06         135,365      0.00     81924 General merchandisers               Australia
    409 AIR FRANCE GROUP                       11,087        0.06          61,759      0.00    179520 Airlines                            France
    410 WINN-DIXIE STORES                      11,082        0.06         112,000      0.00     98948 Food and drug stores                U.S.
    411 WEST JAPAN RAILWAY                     11,001        0.06          53,108      0.00    207148 Railroads                           Japan
    412 RABOBANK                               10,992        0.06          37,789      0.00    290868 Commercial banks                    Netherland
    413 COFCO                                  10,986        0.06          20,000      0.00    549295 Trading                             China
    414 KOREA ELECTRIC POWER                   10,986        0.06          45,184      0.00    243135 Electric and gas utilities          South Kore
    415 BRITISH AEROSPACE                      10,959        0.06          46,500      0.00    235680 Aerospace                           Britain
    416 SYSCO                                  10,943        0.06          26,200      0.00    417653 Wholesalers                         U.S.
    417 L.M. ERICSSON                          10,931        0.06          76,144      0.00    143553 Electronics, electrical equipment   Sweden
    418 BERTELSMANN                            10,915        0.06          51,767      0.00    210851 Publishing, printing                Germany
    419 CENTRAL JAPAN RAILWAY                  10,912        0.06          22,581      0.00    483234 Railroads                           Japan
    420 COMPAQ COMPUTER                        10,866        0.06          14,372      0.00    756053 Computers, office equipment         U.S.
    421 BANQUE NATIONALE DE PARIS              10,830        0.06          54,469      0.00    198829 Commercial banks                    France
    422 ROCHE HOLDING                          10,790        0.05          61,381      0.00    175791 Pharmaceuticals                     Switzerlan
    423 KAWASAKI HEAVY INDUSTRIES              10,776        0.05          24,266      0.00    444082 zMiscellaneous                      Japan
    424 MAN                                    10,761        0.05          56,997      0.00    188791 Motor vehicles and parts            Germany
    425 MARKS & SPENCER                        10,589        0.05          41,535      0.00    254937 General merchandisers               Britain
    426 MITSUI TRUST & BANKING                 10,562        0.05           6,013      0.00   1756511 Commercial banks                    Japan
    427 TEACHERS INSURANCE & ANNUITY           10,551        0.05           4,322      0.00   2441185 Insurance mutual                    U.S.
    428 LLOYDS BANK                            10,515        0.05          59,892      0.00    175563 Commercial banks                    Britain
    429 OTTO VERSAND                           10,488        0.05          37,500      0.00    279688 Specialist retailers                Germany
    430 NITTETSU SHOJI                         10,472        0.05           1,094      0.00   9572121 Trading                             Japan
    431 CHUGOKU ELECTRIC POWER                 10,453        0.05          22,501      0.00    464570 Electric and gas utilities          Japan
    432 PACIFIC GAS & ELECTRIC                 10,447        0.05          22,000      0.00    474882 Electric and gas utilities          U.S.
    433 WEYERHAEUSER                           10,398        0.05          36,665      0.00    283595 Forest and paper products           U.S.
    434 ALCOA                                  10,392        0.05          61,700      0.00    168420 Metals                              U.S.
    435 SWISS LIFE INS. & PENSION              10,389        0.05           7,159      0.00   1451208 Insurance mutual                    Switzerlan
    436 BANCA COMMERCIALE ITALIANA             10,387        0.05          28,365      0.00    366187 Commercial banks                    Italy
    437 AACHENER & MüNCHENER                   10,364        0.05          20,171      0.00    513817 Insurance stock                     Germany
    438 Sudan                                  10,360        0.05      29,100,000      0.51       356
    439 GREAT ATL. & PACIFIC TEA               10,332        0.05          92,000      0.00    112304 Food and drug stores                U.S.
    440 TEXAS INSTRUMENTS                      10,315        0.05          56,333      0.00    183108 Electronics, electrical equipment   U.S.
    441 BANCA NAZIONALE DEL LAVORO             10,311        0.05          25,030      0.00    411958 Commercial banks                    Italy
    442 ISHIKAWAJIMA-HARIMA HEAVY INDS.        10,301        0.05          27,300      0.00    377308 Industrial and farm equipment       Japan
    443 SEKISUI CHEMICAL                       10,298        0.05          18,246      0.00    564409 Engineering, construction           Japan
    444 FUJI PHOTO FILM                        10,275        0.05          26,555      0.00    386914 Scientific, photo., control equip.  Japan
    445 RICOH                                  10,271        0.05          50,114      0.00    204959 Computers, office equipment         Japan
    446 BAYERISCHE LANDESBANK                  10,259        0.05           5,261      0.00   1949990 Commercial banks                    Germany
    447 MATSUSHITA ELECTRIC WORKS              10,236        0.05          30,579      0.00    334749 Electronics, electrical equipment   Japan
    448 DEUTSCHE GENOSSENSCHAFTSBANK           10,228        0.05          10,575      0.00    967139 Commercial banks                    Germany
    449 KUBOTA                                 10,208        0.05          24,000      0.00    425317 Industrial and farm equipment       Japan
    450 Kenya                                  10,195        0.05      30,520,000      0.53       334

    451 PTT SUISSES                            10,189        0.05          60,208      0.00    169227 Telecommunications                  Switzerlan
    452 MITSUKOSHI                             10,115        0.05          11,930      0.00    847888 General merchandisers               Japan
    453 NORSK HYDRO                            10,114        0.05          32,416      0.00    312000 Chemicals                           Norway
    454 WMX TECHNOLOGIES                       10,097        0.05          74,400      0.00    135716 zMiscellaneous                      U.S.
    455 SCHNEIDER                              10,090        0.05          89,700      0.00    112486 Electronics, electrical equipment   France
    456 WALT DISNEY                            10,055        0.05          65,000      0.00    154694 zMiscellaneous                      U.S.
    457 ROYAL PTT NEDERLAND                    10,052        0.05          92,707      0.00    108424 Telecommunications                  Netherland
    458 Cote d'Ivoire (Ivory Coast)            10,028        0.05      14,230,000      0.25       705
    459 LAGARDèRE GROUPE                       10,021        0.05          40,326      0.00    248510 Publishing, printing                France
    460 RAYTHEON                               10,013        0.05          60,200      0.00    166327 Electronics, electrical equipment   U.S.
    461 COASTAL                                10,013        0.05          16,300      0.00    614276 Petroleum refining                  U.S.
    462 NIPPON PAPER INDUSTRIES                 9,958        0.05          15,153      0.00    657183 Forest and paper products           Japan
    463 SMITHKLINE BEECHAM                      9,946        0.05          55,400      0.00    179538 Pharmaceuticals                     Britain
    464 ROYAL BANK OF CANADA                    9,899        0.05          49,208      0.00    201166 Commercial banks                    Canada
    465 MARTIN MARIETTA                         9,874        0.05          90,000      0.00    109708 Aerospace                           U.S.
    466 DAIWA HOUSE INDUSTRY                    9,872        0.05          14,011      0.00    704575 Engineering, construction           Japan
    467 Guatemala                               9,715        0.05      10,620,000      0.19       915
    468 TEXTRON                                 9,683        0.05          53,000      0.00    182698 Aerospace                           U.S.
    469 BANCO DE SANTANDER                      9,631        0.05          39,400      0.00    244439 Commercial banks                    Spain
    470 MARUHA                                  9,615        0.05           5,953      0.00   1615152 Food                                Japan
    471 CSX                                     9,608        0.05          46,747      0.00    205532 Railroads                           U.S.
    472 NORTHWESTERN MUTUAL LIFE INS.           9,581        0.05           3,330      0.00   2877297 Insurance mutual                    U.S.
    473 SUMITOMO CHEMICAL                       9,574        0.05          17,426      0.00    549403 Chemicals                           Japan
    474 FUKOKU MUTUAL LIFE INSURANCE            9,569        0.05          15,679      0.00    610332 Insurance mutual                    Japan
    475 JARDINE MATHESON                        9,559        0.05         220,000      0.00     43449 Food and drug stores                Hong Kong
    476 CARIPLO                                 9,555        0.05          23,096      0.00    413704 Commercial banks                    Italy
    477 GENERAL ACCIDENT                        9,545        0.05          11,510      0.00    829314 Insurance stock                     Britain
    478 GEORGE WESTON                           9,519        0.05          77,100      0.00    123463 Food and drug stores                Canada
    479 ASHLAND                                 9,505        0.05          31,600      0.00    300801 Petroleum refining                  U.S.
    480 NESTE                                   9,501        0.05           8,195      0.00   1159353 Trading                             Finland
    481 PACIFIC TELESIS GROUP                   9,494        0.05          51,590      0.00    184028 Telecommunications                  U.S.
    482 EDEKA ZENTRALE                          9,481        0.05             813      0.00  11661993 Wholesalers                         Germany
    483 OCCIDENTAL PETROLEUM                    9,416        0.05          19,660      0.00    478942 Chemicals                           U.S.
    484 MORGAN STANLEY GROUP                    9,376        0.05           9,685      0.00    968095 Diversified financials              U.S.
    485 INCHCAPE                                9,348        0.05          49,719      0.00    188021 General merchandisers               Britain
    486 KUMAGAI GUMI                            9,331        0.05          10,488      0.00    889664 Engineering, construction           Japan
    487 BAXTER INTERNATIONAL                    9,324        0.05          53,500      0.00    174280 Scientific, photo., control equip.  U.S.
    488 STANDARD LIFE ASSURANCE                 9,308        0.05           5,929      0.00   1569978 Insurance mutual                    Britain
    489 MITSUI MARINE & FIRE INSURANCE          9,303        0.05           9,479      0.00    981380 Insurance stock                     Japan
    490 KINKI NIPPON RAILWAY                    9,286        0.05          35,607      0.00    260786 Railroads                           Japan
    491 KOMATSU                                 9,251        0.05          28,040      0.00    329907 Industrial and farm equipment       Japan
    492 WALGREEN                                9,235        0.05          61,900      0.00    149192 Food and drug stores                U.S.
    493 TOKYO GAS                               9,220        0.05          12,857      0.00    717111 Electric and gas utilities          Japan
    494 WESTINGHOUSE ELECTRIC                   9,208        0.05          84,399      0.00    109101 Electronics, electrical equipment   U.S.
    495 ALL NIPPON AIRWAYS                      9,204        0.05          14,416      0.00    638430 Airlines                            Japan
    496 LEHMAN BROTHERS                         9,190        0.05           8,512      0.00   1079652 Brokerage                           U.S.
    497 APPLE COMPUTER                          9,189        0.05          14,592      0.00    629708 Computers, office equipment         U.S.
    498 PENINSULAR & ORIENTAL STEAM NAV.        9,177        0.05          61,467      0.00    149295 Shipping                            Britain
    499 CEA-INDUSTRIE                           9,174        0.05          42,901      0.00    213839 Chemicals                           France
    500 ABBOTT LABORATORIES                     9,156        0.05          49,464      0.00    185104 Pharmaceuticals                     U.S.

    501 BRITISH POST OFFICE                     9,144        0.05         191,315      0.00     47798 Mail, package and freight delivery  Britain
    502 NORTHWEST AIRLINES                      9,143        0.05          44,079      0.00    207421 Airlines                            U.S.
    503 TRACTEBEL                               9,131        0.05          36,909      0.00    247400 Electric and gas utilities          Belgium
    504 GEC (GENERAL ELECTRIC CO.)              9,090        0.05          82,251      0.00    110514 Electronics, electrical equipment   Britain
    505 TRW                                     9,087        0.05          64,175      0.00    141597 Motor vehicles and parts            U.S.
    506 TORAY INDUSTRIES                        9,065        0.05          31,949      0.00    283743 zMiscellaneous                      Japan
    507 POHANG IRON & STEEL                     9,064        0.05          22,891      0.00    395968 Metals                              South Kore
    508 ARGYLL GROUP                            9,046        0.05          47,326      0.00    191136 Food and drug stores                Britain
    509 DEERE                                   9,030        0.05          34,252      0.00    263628 Industrial and farm equipment       U.S.
    510 KIRIN BREWERY                           9,020        0.05          14,755      0.00    611311 Beverages                           Japan
    511 BANCO BILBAO VIZCAYA                    9,007        0.05          27,987      0.00    321817 Commercial banks                    Spain
    512 LIBERTY MUTUAL INSURANCE GROUP          8,986        0.05          22,000      0.00    408432 Insurance mutual                    U.S.
    513 ENRON                                   8,984        0.05           6,955      0.00   1291689 zMiscellaneous                      U.S.
    514 AMERICAN HOME PRODUCTS                  8,966        0.05          74,009      0.00    121150 Pharmaceuticals                     U.S.
    515 AéROSPATIALE                            8,946        0.05          39,556      0.00    226165 Aerospace                           France
    516 ABBEY NATIONAL                          8,773        0.04          14,626      0.00    599809 Savings institutions                Britain
    517 TOYS ARE US                             8,746        0.04          58,000      0.00    150786 Specialist retailers                U.S.
    518 PUBLIX SUPER MARKETS                    8,743        0.04          90,000      0.00     97139 Food and drug stores                U.S.
    519 Yemen                                   8,742        0.04      13,050,000      0.23       670
    520 NIPPON YUSEN                            8,735        0.04           2,470      0.00   3536518 Shipping                            Japan
    521 HENKEL                                  8,674        0.04          39,907      0.00    217365 Soaps, cosmetics                    Germany
    522 UNY                                     8,663        0.04           7,469      0.00   1159807 Food and drug stores                Japan
    523 TELéFONOS DE MéXICO                     8,656        0.04          63,246      0.00    136855 Telecommunications                  Mexico
    524 FUJI ELECTRIC                           8,620        0.04          28,083      0.00    306962 Electronics, electrical equipment   Japan
    525 EMERSON ELECTRIC                        8,607        0.04          73,900      0.00    116471 Electronics, electrical equipment   U.S.
    526 DEGUSSA                                 8,591        0.04          27,202      0.00    315822 Metals                              Germany
    527 L'ORÆAL                                 8,586        0.04          38,972      0.00    220312 Soaps, cosmetics                    France
    528 FLUOR                                   8,556        0.04          39,807      0.00    214945 Engineering, construction           U.S.
    529 DAINIPPON INK & CHEMICALS               8,554        0.04          24,804      0.00    344844 Chemicals                           Japan
    530 MITSUBISHI OIL                          8,540        0.04           4,958      0.00   1722549 Petroleum refining                  Japan
    531 GENERAL MILLS                           8,517        0.04         125,670      0.00     67772 Food                                U.S.
    532 CHINESE PETROLEUM                       8,512        0.04          21,231      0.00    400900 Petroleum refining                  Taiwan
    533 SUMITOMO MARINE & FIRE INS.             8,507        0.04           7,505      0.00   1133498 Insurance stock                     Japan
    534 GAZ DE FRANCE                           8,498        0.04          25,620      0.00    331702 Electric and gas utilities          France
    535 DAIHYAKU MUTUAL LIFE INSURANCE          8,480        0.04          13,758      0.00    616390 Insurance mutual                    Japan
    536 FEDERAL EXPRESS                         8,480        0.04          88,502      0.00     95811 Mail, package and freight delivery  U.S.
    537 GLAXO WELLCOME                          8,466        0.04          47,378      0.00    178686 Pharmaceuticals                     Britain
    538 ROYAL INSURANCE HOLDINGS                8,459        0.04          13,224      0.00    639648 Insurance stock                     Britain
    539 Cameroon                                8,451        0.04      13,280,000      0.23       636
    540 NIPPON DANTAI LIFE INSURANCE            8,445        0.04           9,287      0.00    909346 Insurance stock                     Japan
    541 AMERICAN BRANDS                         8,442        0.04          34,820      0.00    242433 Tobacco                             U.S.
    542 GENERALE BANK                           8,427        0.04          21,791      0.00    386710 Commercial banks                    Belgium
    543 MARRIOTT INTERNATIONAL                  8,415        0.04         163,440      0.00     51487 zMiscellaneous                      U.S.
    544 BANCO CENTRAL HISPANO AMERICANO         8,405        0.04          30,441      0.00    276108 Commercial banks                    Spain
    545 SHOKO CHUKIN BANK                       8,355        0.04           5,840      0.00   1430565 Commercial banks                    Japan
    546 SCECORP                                 8,345        0.04          16,531      0.00    504809 Electric and gas utilities          U.S.
    547 DOCKS DE FRANCE                         8,345        0.04          32,794      0.00    254458 Food and drug stores                France
    548 ALCAN ALUMINIUM                         8,325        0.04          42,000      0.00    198214 Metal products                      Canada
    549 MCDONALD"S                              8,321        0.04         183,000      0.00     45469 Food services                       U.S.
    550 FEDERATED DEPT. STORES                  8,316        0.04         111,700      0.00     74449 General merchandisers               U.S.

    551 TOSHOKU                                 8,309        0.04           1,648      0.00   5041930 Trading                             Japan
    552 SOUTHERN                                8,297        0.04          27,826      0.00    298174 Electric and gas utilities          U.S.
    553 WOOLWORTH                               8,293        0.04         119,000      0.00     69689 Specialist retailers                U.S.
    554 PFIZER                                  8,281        0.04          40,800      0.00    202973 Pharmaceuticals                     U.S.
    555 Uruguay                                 8,280        0.04       3,190,000      0.06      2596
    556 MONSANTO                                8,272        0.04          29,354      0.00    281801 Chemicals                           U.S.
    557 CANADIAN IMP. BNK. OF COMM.             8,263        0.04          40,807      0.00    202495 Commercial banks                    Canada
    558 HALIFAX BUILDING SOCIETY                8,260        0.04          19,075      0.00    433001 Savings institutions                Britain
    559 INDIAN OIL                              8,236        0.04          34,729      0.00    237142 Petroleum refining                  India
    560 KOç HOLDING                             8,212        0.04          32,721      0.00    250979 Motor vehicles and parts            Turkey
    561 DAIHATSU MOTOR                          8,174        0.04          22,175      0.00    368627 Motor vehicles and parts            Japan
    562 UNION PACIFIC                           8,140        0.04          46,900      0.00    173561 Railroads                           U.S.
    563 ALLIED DOMECQ                           8,138        0.04          67,732      0.00    120146 Beverages                           Britain
    564 WHIRLPOOL                               8,104        0.04          39,016      0.00    207710 Electronics, electrical equipment   U.S.
    565 MONTE DEI PASCHI DI SIENA               8,056        0.04          22,736      0.00    354315 Commercial banks                    Italy
    566 NEWS CORP.                              8,040        0.04          25,844      0.00    311097 Publishing, printing                Australia
    567 TAIWAN POWER                            8,036        0.04          25,887      0.00    310422 Electric and gas utilities          Taiwan
    568 KAO                                     8,021        0.04          19,300      0.00    415575 Soaps, cosmetics                    Japan
    569 PRINCIPAL MUTUAL LIFE INSURANCE         8,007        0.04          16,275      0.00    491963 Insurance mutual                    U.S.
    570 ALCO STANDARD                           7,996        0.04          30,600      0.00    261310 Wholesalers                         U.S.
    571 CABLE & WIRELESS                        7,985        0.04          41,124      0.00    194179 Telecommunications                  Britain
    572 SUNTORY                                 7,979        0.04          10,000      0.00    797860 Beverages                           Japan
    573 Uganda                                  7,969        0.04      21,300,000      0.37       374
    574 AISIN SEIKI                             7,945        0.04          20,189      0.00    393506 Motor vehicles and parts            Japan
    575 QUELLE GROUP                            7,919        0.04          40,400      0.00    196020 Specialist retailers                Germany
    576 SPAR HANDELS                            7,869        0.04          23,017      0.00    341865 Food and drug stores                Germany
    577 BANC ONE CORP.                          7,857        0.04          48,800      0.00    161006 Commercial banks                    U.S.
    578 NEW OJI PAPER                           7,850        0.04           9,090      0.00    863531 Forest and paper products           Japan
    579 TOYO SEIKAN                             7,844        0.04          12,431      0.00    630987 Metal products                      Japan
    580 Jordan                                  7,535        0.04       5,440,000      0.10      1385
    581 Ghana                                   7,191        0.04      17,450,000      0.30       412
    582 Slovenia                                6,913        0.04       1,980,000      0.03      3492
    583 Zaire                                   6,845        0.03      43,900,000      0.77       156
    584 Dominican Republic                      6,720        0.03       7,910,000      0.14       850
    585 Zimbabwe                                6,623        0.03      11,530,000      0.20       574
    586 Costa Rica                              6,419        0.03       3,330,000      0.06      1928
    587 Panama                                  6,334        0.03       2,630,000      0.05      2408
    588 El Salvador                             6,113        0.03       5,770,000      0.10      1059
    589 Ethiopia                                5,969        0.03      56,680,000      0.99       105
    590 Bolivia                                 5,857        0.03       7,410,000      0.13       790
    591 Honduras                                5,231        0.03       5,950,000      0.10       879
    592 Latvia                                  5,114        0.03       2,510,000      0.04      2037
    593 Senegal                                 5,091        0.03       8,350,000      0.15       610
    594 Paraguay                                5,057        0.03       4,830,000      0.08      1047
    595 Trinidad and Tobago                     4,992        0.03       1,280,000      0.02      3900
    596 Gabon                                   4,732        0.02       1,320,000      0.02      3585
    597 Lithuania                               4,597        0.02       3,710,000      0.06      1239
    598 Tanzania                                4,527        0.02      30,340,000      0.53       149
    599 Nepal                                   4,369        0.02      21,920,000      0.38       199
    600 Estonia                                 3,766        0.02       1,530,000      0.03      2461

    601 Nicaragua                               3,609        0.02       4,540,000      0.08       795
    602 Jamaica                                 3,530        0.02       2,530,000      0.04      1395
    603 Moldova                                 3,064        0.02       4,490,000      0.08       682
    604 Madagascar                              2,787        0.01      14,760,000      0.26       189
    605 Azerbaijan                              2,644        0.01       7,500,000      0.13       353
    606 Armenia                                 2,510        0.01       3,760,000      0.07       668
    607 Congo                                   2,461        0.01       2,590,000      0.05       950
    608 Niger                                   2,438        0.01       9,150,000      0.16       266
    609 Guinea                                  2,379        0.01       6,700,000      0.12       355
    610 Burkina                                 2,343        0.01      10,180,000      0.18       230
    611 Botswana                                2,327        0.01       1,460,000      0.03      1594
    612 Namibia                                 2,296        0.01       1,540,000      0.03      1491
    613 Kyrgyzstan                              2,293        0.01       4,670,000      0.08       491
    614 Rwanda                                  2,280        0.01       7,950,000      0.14       287
    615 Mauritius                               2,270        0.01       1,120,000      0.02      2027
    616 Georgia                                 2,247        0.01       5,460,000      0.10       412
    617 Zambia                                  2,175        0.01       9,370,000      0.16       232
    618 Mali                                    2,146        0.01      10,790,000      0.19       199
    619 Laos                                    1,770        0.01       4,880,000      0.09       363
    620 Benin                                   1,717        0.01       5,560,000      0.10       309
    621 Mozambique                              1,652        0.01      17,420,000      0.30        95
    622 Haiti                                   1,594        0.01       7,180,000      0.13       222
    623 Tajikistan                              1,568        0.01       5,840,000      0.10       268
    624 Albania                                 1,520        0.01       3,440,000      0.06       442
    625 Malawi                                  1,390        0.01       9,790,000      0.17       142
    626 Togo                                    1,370        0.01       4,140,000      0.07       331
    627 Burundi                                 1,313        0.01       6,300,000      0.11       208
    628 Central African Republic                1,091        0.01       3,310,000      0.06       330
    629 Chad                                    1,077        0.01       6,360,000      0.11       169
    630 Liberia                                 1,075        0.01       2,760,000      0.05       390



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