UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
"Washington, D.C. 20549"
Form 13F
Form 13F COVER PAGE
"Report for the Calendar Year or Quarter Ended: Dec 31, 2001"
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[X] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Zacks Investment Management
Address: 155 North Wacker -2nd Floor
"Chicago, Illinois"
60606
Form 13F File Number: 28-_80140592
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: Ken Levy
Title: Vice President
Phone: 312-630-9880 x121
"Signature, Place, and Date of Signing:"
"Ken Levy________ Chicago, IL___________ 01/24/02"
"[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).)
List of Other Managers Reporting for this Manager:
"[If there are no entries in this list, omit this section.]"
Form 13F File Number Name
28-____________
[Repeat as necessary.]



Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 144
Form 13F Information Table Value Total: 262877
(thousands)
List of Other Included Managers: NONE
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.
"[If there are no entries in this list, state ""NONE"" and omit the"
column headings and list entries.]
No. Form 13F File Number Name
____ 28-____________
[Repeat as necessary.


				

			FORM 13F INFORMATION TABLE
Column 1	Column 2	Column 3	Column 4 Column 5	Column 6Column 7	Column 8

					Value (x1000)	Shares/	SH/	PUT/	INVSTMT	OTHER
NAME OF ISSUER	TITLE OF CLASS	CUSIP			PRN AMT	PRN	CALL	DSCRETN	MANAGERSSOLE	SHARED

ACTIVISION INC	C. Stock	004930202	1611	61935	SH		Sole	None	61935	0
ADVANCE PCS	C. Stock	00790K109	2937	100070	SH		Sole	None	100070	0
AFFILIATD COMP	C. Stock	008190100	2371	22340	SH		Sole	None	22340	0
AMERADA HESS	C. Stock	023551104	178	2850	SH		Sole	None	2850	0
AMERICA ONLINE	C. Stock	00184A105	1651	51420	SH		Sole	None	51420	0
AMERICN GREETNG	C. Stock	026375105	1281	92940	SH		Sole	None	92940	0
AMERICN INTL	C. Stock	026874107	2639	33235	SH		Sole	None	33235	0
AMERICREDIT	C. Stock	03060R101	1144	36270	SH		Sole	None	36270	0
ANDREW CORP	C. Stock	034425108	1006	45965	SH		Sole	None	45965	0
ANHEUSER-BUSCH	C. Stock	035229103	178	3940	SH		Sole	None	3940	0
APPLEBEES INT'L	C. Stock	037899101	1195	34955	SH		Sole	None	34955	0
APPLIED FILMS 	C. Stock	038197109	138	4400	SH		Sole	None	4400	0
ARCHER DANIELS	C. Stock	039483102	1899	132315	SH		Sole	None	132315	0
ARGOSY GAMING	C. Stock	040228108	1596	49075	SH		Sole	None	49075	0
ASTROPOWER INC	C. Stock	04644A101	91	2240	SH		Sole	None	2240	0
AUTODESK INC	C. Stock	052769106	1476	39590	SH		Sole	None	39590	0
AUTOZONE INC	C. Stock	053332102	4382	61035	SH		Sole	None	61035	0
AVON PRODUCTS	C. Stock	054303102	2128	45770	SH		Sole	None	45770	0
BALL CORP	C. Stock	058498106	3221	45555	SH		Sole	None	45555	0
BANKAMERICA	C. Stock	060505104	1169	18570	SH		Sole	None	18570	0
BAXTER INT'L	C. Stock	071813109	1445	26950	SH		Sole	None	26950	0
BIOMET INC	C. Stock	090613100	1496	48425	SH		Sole	None	48425	0
BIOVAIL CORP	C. Stock	09067J109	2983	53035	SH		Sole	None	53035	0
BLOCKBUSTER	C. Stock	093679108	1979	78525	SH		Sole	None	78525	0
BRINKER INT'L	C. Stock	109641100	1508	50685	SH		Sole	None	50685	0
BURLNGTN COAT	C. Stock	121579106	638	37995	SH		Sole	None	37995	0
CARDINAL HEALTH	C. Stock	14149Y108	2647	40930	SH		Sole	None	40930	0
CATERPILLAR INC	C. Stock	149123101	3160	60485	SH		Sole	None	60485	0
CELL GENESYS	C. Stock	150921104	170	7325	SH		Sole	None	7325	0
CENTEX CORP	C. Stock	152312104	4080	71470	SH		Sole	None	71470	0
CHEVRONTEXACO	C. Stock	166764100	2056	22943	SH		Sole	None	22943	0
CHICOS FAS	C. Stock	168615102	2476	62370	SH		Sole	None	62370	0
CISCO SYSTEMS	C. Stock	17275R102	129	7110	SH		Sole	None	7110	0
CITIGROUP	C. Stock	172967101	1965	38925	SH		Sole	None	38925	0
CLOROX CO	C. Stock	189054109	2031	51360	SH		Sole	None	51360	0
COLGATE-PLMLV	C. Stock	194162103	2305	39905	SH		Sole	None	39905	0
COMMONWLTH	C. Stock	203349105	154	3375	SH		Sole	None	3375	0
COMPUTER ASSC	C. Stock	204912109	3738	108365	SH		Sole	None	108365	0
CONSOLE ENERGY	C. Stock	20854P109	1152	46395	SH		Sole	None	46395	0
CONSTELLATION 	C. Stock	21036P108	2649	61825	SH		Sole	None	61825	0
DIAL CORP	C. Stock	25247D101	1822	106230	SH		Sole	None	106230	0
E*TRADE   	C. Stock	269246104	93	9110	SH		Sole	None	9110	0
ECHOSTAR COMM	C. Stock	278762109	1957	71240	SH		Sole	None	71240	0
ELAN PLC ADR	C. Stock	284131208	188	4175	SH		Sole	None	4175	0
ELECTRNC DATA	C. Stock	285661104	3446	50275	SH		Sole	None	50275	0
ELECTRONICS BTQ	C. Stock	286045109	1234	30900	SH		Sole	None	30900	0
ENGELHARD	C. Stock	292845104	2103	75980	SH		Sole	None	75980	0
EVEREST REINSR	C. Stock	G3223R108	1454	20565	SH		Sole	None	20565	0
FANNIE MAE	C. Stock	313586109	3192	40145	SH		Sole	None	40145	0
FEDERATED DPT	C. Stock	31410H101	2444	59755	SH		Sole	None	59755	0
FIRST DATA CORP	C. Stock	319963104	4183	53320	SH		Sole	None	53320	0
FIRST TENNESSEE	C. Stock	377162101	2400	66175	SH		Sole	None	66175	0
FOREST LABS	C. Stock	345838106	2088	25480	SH		Sole	None	25480	0
FSI INTL INC	C. Stock	302633102	433	47010	SH		Sole	None	47010	0
GEMSTAR-TVGUIDE	C. Stock	36866W106	865	31235	SH		Sole	None	31235	0
GENERAL MILLS	C. Stock	370334104	287	5510	SH		Sole	None	5510	0
GENERAL MTRS -H	C. Stock	370442832	100	6468	SH		Sole	None	6468	0
GENESIS MCRCHP 	C. Stock	371933102	1905	28810	SH		Sole	None	28810	0
GENZYME CORP	C. Stock	372917104	2469	41250	SH		Sole	None	41250	0
GREENPNT FNNCL	C. Stock	395384100	1060	29640	SH		Sole	None	29640	0
H & R BLOCK	C. Stock	093671105	2155	48210	SH		Sole	None	48210	0
HIBERNIA CORP	C. Stock	428656102	2112	118740	SH		Sole	None	118740	0
HILLENBRND INDS	C. Stock	431573104	1305	23605	SH		Sole	None	23605	0
HOUSEHOLD INT'L	C. Stock	441815107	2058	35520	SH		Sole	None	35520	0
INTL FLAV& FRAG	C. Stock	459506101	2952	99355	SH		Sole	None	99355	0
INT'L GAME TECH	C. Stock	459902102	3993	58460	SH		Sole	None	58460	0
INTEL CORP	C. Stock	458140100	3097	98475	SH		Sole	None	98475	0
INTERSIL CORP	C. Stock	46069S109	822	25500	SH		Sole	None	25500	0
INTL BUS MACH	C. Stock	459200101	4179	34545	SH		Sole	None	34545	0
INVESTOOLS	C. Stock	46145P103	2	4164	SH		Sole	None	4164	0
INVITROGEN CORP	C. Stock	46185R100	893	14415	SH		Sole	None	14415	0
IVAX CORP	C. Stock	465823102	775	38490	SH		Sole	None	38490	0
JEFFERSON-PILOT	C. Stock	475070108	143	3100	SH		Sole	None	3100	0
JOHNSON & JHNSN	C. Stock	478160104	3837	64919	SH		Sole	None	64919	0
KENNAMETAL INC	C. Stock	489170100	791	19630	SH		Sole	None	19630	0
KINDER MRGN 	C. Stock	494550106	795	21015	SH		Sole	None	21015	0
L-3 COMM HLDNGS	C. Stock	502424104	212	2350	SH		Sole	None	2350	0
LABCORP AMERICA	C. Stock	50540R409	2710	33515	SH		Sole	None	33515	0
LOCKHEED MARTIN	C. Stock	539830109	2519	53965	SH		Sole	None	53965	0
LOWES COS	C. Stock	548661107	2392	51550	SH		Sole	None	51550	0
MCCORMICK & CO	C. Stock	579780206	2898	69050	SH		Sole	None	69050	0
MCKESSON HBOC	C. Stock	58155Q103	191	5105	SH		Sole	None	5105	0
MENTOR CORP	C. Stock	587188103	110	3850	SH		Sole	None	3850	0
MENTOR GRAPHICS	C. Stock	587200106	1110	47105	SH		Sole	None	47105	0
METLIFE INC	C. Stock	59156R108	2120	66930	SH		Sole	None	66930	0
MGM INC  	C. Stock	591610100	2341	106895	SH		Sole	None	106895	0
MICHAEL'S STRS	C. Stock	594087108	1200	36430	SH		Sole	None	36430	0
MICROCHIP TECH	C. Stock	595017104	1403	36210	SH		Sole	None	36210	0
MICROSEMI CORP	C. Stock	595137100	150	5060	SH		Sole	None	5060	0
MOHAWK INDUSTR	C. Stock	608190104	1284	23390	SH		Sole	None	23390	0
MYLAN LABS INC	C. Stock	628530107	4179	111445	SH		Sole	None	111445	0
NESTLE SA- ADR 	C. Stock	641069406	200	3745	SH		Sole	None	3745	0
NIKE INC CL B	C. Stock	654106103	2155	38320	SH		Sole	None	38320	0
NORFOLK SOUTHRN	C. Stock	655844108	1769	96505	SH		Sole	None	96505	0
NVIDIA CORP	C. Stock	67066G104	2827	42250	SH		Sole	None	42250	0
OCULAR SCIENCES	C. Stock	675744106	877	37660	SH		Sole	None	37660	0
OFFICE DEPOT	C. Stock	676220106	1257	67800	SH		Sole	None	67800	0
OLD REPUBLIC	C. Stock	680223104	1773	63315	SH		Sole	None	63315	0
OM GROUP INC	C. Stock	670872100	1717	25940	SH		Sole	None	25940	0
PEPSI BOTTLING	C. Stock	713409100	3974	169120	SH		Sole	None	169120	0
PEPSICO INC	C. Stock	713448108	4689	96309	SH		Sole	None	96309	0
PERKINELMER	C. Stock	714046109	2755	78680	SH		Sole	None	78680	0
PFIZER INC	C. Stock	717081103	2220	55715	SH		Sole	None	55715	0
PHARM PRDCT DV	C. Stock	717124101	1813	56100	SH		Sole	None	56100	0
PHILIP MORRIS	C. Stock	718154107	2657	57945	SH		Sole	None	57945	0
PMI GROUP	C. Stock	69344M101	1380	20595	SH		Sole	None	20595	0
PNM RESOURCES	C. Stock	69349H107	1779	63640	SH		Sole	None	63640	0
PPL CORP	C. Stock	69351T106	198	5675	SH		Sole	None	5675	0
PRECISION CAST	C. Stock	740189105	1378	48795	SH		Sole	None	48795	0
PROGRESSIVE CRP	C. Stock	743315103	3161	21175	SH		Sole	None	21175	0
READERS DIGEST	C. Stock	755267101	1115	48295	SH		Sole	None	48295	0
RYDER SYSTEM	C. Stock	783549108	744	33585	SH		Sole	None	33585	0
RYLAND GROUP	C. Stock	783764103	157	2150	SH		Sole	None	2150	0
SAFEWAY INC	C. Stock	786514208	2232	53460	SH		Sole	None	53460	0
SCHOLASTIC CORP	C. Stock	807066105	3660	72715	SH		Sole	None	72715	0
SMITHFIELD FOOD	C. Stock	832248108	3896	176760	SH		Sole	None	176760	0
SOUTHTRUST CORP	C. Stock	844730101	3579	145090	SH		Sole	None	145090	0
SPX CORP	C. Stock	784635104	3065	22390	SH		Sole	None	22390	0
ST JUDE MEDICAL	C. Stock	790849103	4287	55215	SH		Sole	None	55215	0
STILLWATER MINE	C. Stock	86074Q102	1601	86555	SH		Sole	None	86555	0
SYBASE INC	C. Stock	871130100	1021	64800	SH		Sole	None	64800	0
SYMANTEC CORP	C. Stock	871503108	1615	24345	SH		Sole	None	24345	0
SYNCOR INT'L 	C. Stock	87157J106	112	3900	SH		Sole	None	3900	0
SYSCO CORP	C. Stock	871829107	2462	93885	SH		Sole	None	93885	0
TALBOTS INC	C. Stock	874161102	2290	63185	SH		Sole	None	63185	0
TARGET CORP	C. Stock	87612E106	1963	47815	SH		Sole	None	47815	0
TENET HEALTH	C. Stock	88033G100	2998	51060	SH		Sole	None	51060	0
TEXAS INDUSTRY	C. Stock	882491103	1711	46370	SH		Sole	None	46370	0
THERMO ELECTRON	C. Stock	883556102	1495	62645	SH		Sole	None	62645	0
TIDEWATER INC	C. Stock	886423102	950	28015	SH		Sole	None	28015	0
TOYS R US INC	C. Stock	892335100	1346	64900	SH		Sole	None	64900	0
TYCO INT'L LTD	C. Stock	902124106	5257	89260	SH		Sole	None	89260	0
UCBH HOLDINGS	C. Stock	90262T308	265	9320	SH		Sole	None	9320	0
UNION PACIFIC	C. Stock	907818108	402	7050	SH		Sole	None	7050	0
UNIVERSAL HLTH	C. Stock	913903100	1520	35535	SH		Sole	None	35535	0
UTSTARCOM INC	C. Stock	918076100	174	6100	SH		Sole	None	6100	0
VEECO INSTRMNTS	C. Stock	922417100	1183	32805	SH		Sole	None	32805	0
VERISIGN INC	C. Stock	92343E102	1862	48960	SH		Sole	None	48960	0
WAL-MART STORES	C. Stock	931142103	1732	30090	SH		Sole	None	30090	0
WASTE MNGMNT	C. Stock	94106L109	2882	90305	SH		Sole	None	90305	0
WEATHERFORD	C. Stock	947074100	1584	42500	SH		Sole	None	42500	0
WELLPOINT HLTH	C. Stock	94973H108	3114	26650	SH		Sole	None	26650	0
WESTVACO CORP	C. Stock	961548104	1398	49155	SH		Sole	None	49155	0
YELLOW CORP	C. Stock	985509108	1123	44760	SH		Sole	None	44760	0