UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
"Washington, D.C. 20549"
Form 13F
Form 13F COVER PAGE
"Report for the Calendar Year or Quarter Ended: December 31, 2004"
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___________ 01/26/05"
"[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: 475
Form 13F Information Table Value Total: 296139
(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 6	Column 7	Column 8

			Value (x$1000)	Shares/	SH/	PUT/	INVSTMT	OTHER
NAME OF ISSUER	TITLE OF CLASS	CUSIP		PRN AMT	PRN	CALL	DSCRETN	MANAGERS	SOLE	SHARED

ABERCROMBIE &FITCH	C. Stock	002896207	18.97 	404	SH		Sole	None	404	0
ACCENTURE LTD	C. Stock	G1150G111	525.39 	19459	SH		Sole	None	19459	0
ACCREDITED HOME	C. Stock	00437P107	9.79 	197	SH		Sole	None	197	0
ACE LIMITED	C. Stock	G0070K103	6.16 	144	SH		Sole	None	144	0
ACETO CORP	C. Stock	004446100	4.79 	252	SH		Sole	None	252	0
ADOBE SYSTEMS	C. Stock	00724F101	"2,526.55 "	40270	SH		Sole	None	40270	0
AEROPOSTALE INC	C. Stock	007865108	449.52 	15274	SH		Sole	None	15274	0
AETNA INC	C. Stock	00817Y108	"2,838.09 "	22750	SH		Sole	None	22750	0
AFFILIATD COMP	C. Stock	008190100	19.38 	322	SH		Sole	None	322	0
AFFILIATED MANAGERS GROUP	C. Stock	008252108	279.63 	4128	SH		Sole	None	4128	0
AGILYSYS	C. Stock	00847J105	564.43 	32930	SH		Sole	None	32930	0
AHMANSON (H.F.)	C. Stock	030719108	355.87 	10390	SH		Sole	None	10390	0
AKAMAI TECH	C. Stock	00971T101	19.23 	1476	SH		Sole	None	1476	0
ALAMOSA HOLDINGS	C. Stock	011589108	20.80 	1668	SH		Sole	None	1668	0
ALBERTSON'S	C. Stock	013104104	597.65 	25027	SH		Sole	None	25027	0
ALCON INC	C. Stock	H01301102	497.21 	6168	SH		Sole	None	6168	0
ALLIANCE DATA SYSTEMS	C. Stock	018581108	20.75 	437	SH		Sole	None	437	0
ALLIANCE RESRC	C. Stock	01877R108	691.08 	9338	SH		Sole	None	9338	0
ALLSTATE INSURANCE	C. Stock	020002101	507.95 	9821	SH		Sole	None	9821	0
AMBEV-PR ADR	C. Stock	20441W203	6.49 	229	SH		Sole	None	229	0
AMEDISYS	C. Stock	023436108	541.08 	16705	SH		Sole	None	16705	0
AMER PHARMA	C. Stock	02886P109	6.51 	174	SH		Sole	None	174	0
AMERCO INC	C. Stock	023586100	12.51 	272	SH		Sole	None	272	0
AMERICAN EAGLE OUTFITTERS	C. Stock	02553E106	"1,177.09 "	24991	SH		Sole	None	24991	0
AMERICAN EXPRESS	C. Stock	025816109	832.16 	14762	SH		Sole	None	14762	0
AMERICAN PHYSICANS	C. Stock	028884104	614.24 	17052	SH		Sole	None	17052	0
AMERICAN TOWER	C. Stock	029912201	19.14 	1040	SH		Sole	None	1040	0
AMERICN PWR CONV'N	C. Stock	029066107	388.93 	18174	SH		Sole	None	18174	0
AMGEN INC	C. Stock	031162100	"2,705.18 "	42169	SH		Sole	None	42169	0
AMPHENOL CORP	C. Stock	032095101	572.07 	15570	SH		Sole	None	15570	0
ANGIOTECH PHARMA	C. Stock	034918102	217.99 	11841	SH		Sole	None	11841	0
ANIXTER INTL	C. Stock	035290105	514.88 	14014	SH		Sole	None	14014	0
ANSYS INC	C. Stock	03662Q105	364.89 	11381	SH		Sole	None	11381	0
APPLE COMPUTER	C. Stock	037833100	290.03 	4503	SH		Sole	None	4503	0
ARCHER DNLS MDLND	C. Stock	039483102	788.62 	35348	SH		Sole	None	35348	0
ARKANSAS BEST	C. Stock	040790107	563.93 	12562	SH		Sole	None	12562	0
ARMOR HOLDINGS	C. Stock	042260109	"1,837.95 "	39088	SH		Sole	None	39088	0
ASPEN TECH	C. Stock	045327103	519.66 	83681	SH		Sole	None	83681	0
ASV INC	C. Stock	001963107	7.28 	152	SH		Sole	None	152	0
AT&T CORP	C. Stock	001957505	"2,589.45 "	135857	SH		Sole	None	135857	0
AUDIBLE INC	C. Stock	05069A302	17.66 	678	SH		Sole	None	678	0
AUTO DATA PRCSSNG	C. Stock	053015103	"1,469.65 "	33137	SH		Sole	None	33137	0
AUTODESK INC	C. Stock	052769106	"3,122.80 "	82287	SH		Sole	None	82287	0
AVID TECHNOLOGY	C. Stock	05367P100	652.97 	10574	SH		Sole	None	10574	0
AVON PRODUCTS	C. Stock	054303102	"1,008.65 "	26063	SH		Sole	None	26063	0
BANCO ITAU -ADR	C. Stock	059602201	9.17 	122	SH		Sole	None	122	0
BANCO SANTAN PR	C. Stock	802809103	7.29 	241	SH		Sole	None	241	0
BANK OF NEW YORK	C. Stock	064057102	551.76 	16509	SH		Sole	None	16509	0
BANKAMERICA	C. Stock	060505104	"2,679.12 "	57014	SH		Sole	None	57014	0
BAUSCH & LOMB	C. Stock	071707103	"1,283.48 "	19911	SH		Sole	None	19911	0
BB&T CORP	C. Stock	054937107	"2,709.35 "	64431	SH		Sole	None	64431	0
BEAR STEARNS	C. Stock	073902108	555.90 	5433	SH		Sole	None	5433	0
BEBE STORES	C. Stock	075571109	382.87 	14190	SH		Sole	None	14190	0
BECTON DICKINSON	C. Stock	075887109	"1,206.89 "	21248	SH		Sole	None	21248	0
BENCHMARK ELEC	C. Stock	08160H101	204.80 	6006	SH		Sole	None	6006	0
BENETTON GP-ADR	C. Stock	081795403	6.96 	260	SH		Sole	None	260	0
BG GRP PLC-ADR	C. Stock	055434203	7.82 	227	SH		Sole	None	227	0
BIG 5 SPORTING	C. Stock	08915P101	8.07 	277	SH		Sole	None	277	0
BILLITON ADR	C. Stock	05545E209	7.67 	328	SH		Sole	None	328	0
BLACK & DECKER	C. Stock	091797100	"1,065.81 "	12066	SH		Sole	None	12066	0
BOC GROUP PLC	C. Stock	055617609	7.29 	191	SH		Sole	None	191	0
BORLAND INT'L	C. Stock	099849101	19.17 	1641	SH		Sole	None	1641	0
BRADY CORP	C. Stock	104674106	9.14 	146	SH		Sole	None	146	0
BRIGHTPOINT INC	C. Stock	109473405	701.70 	35910	SH		Sole	None	35910	0
BRISTOL MEYERS	C. Stock	110122108	"1,064.61 "	41554	SH		Sole	None	41554	0
BRITISH PETROLEUM	C. Stock	055622104	"1,772.55 "	30351	SH		Sole	None	30351	0
BROOKSTONE INC	C. Stock	114537103	8.29 	424	SH		Sole	None	424	0
BRUNSWICK CORP	C. Stock	117043109	"1,901.89 "	38422	SH		Sole	None	38422	0
BUILDING MATERIAL	C. Stock	120113105	410.21 	10713	SH		Sole	None	10713	0
BUNGE LIMITED	C. Stock	G16962105	"3,269.99 "	57358	SH		Sole	None	57358	0
BURLINGTON NORTHERN	C. Stock	12189T104	344.42 	7280	SH		Sole	None	7280	0
CACI INT'L	C. Stock	127190304	376.24 	5522	SH		Sole	None	5522	0
CADBURY SCHWEPP	C. Stock	127209302	542.09 	14379	SH		Sole	None	14379	0
CADENCE DESIGN	C. Stock	127387108	18.82 	1363	SH		Sole	None	1363	0
CALIF AMPLIFIER	C. Stock	129900106	743.18 	83130	SH		Sole	None	83130	0
CALIFORNIA WATER	C. Stock	130788102	"1,202.42 "	31936	SH		Sole	None	31936	0
CANON INC ADR	C. Stock	138006309	562.21 	10361	SH		Sole	None	10361	0
CAPITAL ONE FINANCIAL CORP	C. Stock	14040H105	158.15 	1878	SH		Sole	None	1878	0
CAREMARK RX	C. Stock	141705103	392.83 	9962	SH		Sole	None	9962	0
CARMIKE CINEMA	C. Stock	143436400	6.17 	169	SH		Sole	None	169	0
CARTERS INC	C. Stock	146729109	400.69 	11788	SH		Sole	None	11788	0
CASH AMERICA	C. Stock	14754D100	19.89 	669	SH		Sole	None	669	0
CEC ENTRTNMNT	C. Stock	125137109	18.11 	453	SH		Sole	None	453	0
CEDAR FAIR	C. Stock	150185106	6.45 	196	SH		Sole	None	196	0
CELL GENESYS INC	C. Stock	150921104	350.19 	43233	SH		Sole	None	43233	0
CEMEX SA	C. Stock	151290889	592.27 	16262	SH		Sole	None	16262	0
CENTRAL EUR DIS	C. Stock	153435102	8.42 	285	SH		Sole	None	285	0
CERADYNE INC	C. Stock	156710105	795.90 	13911	SH		Sole	None	13911	0
CHARLES RVR LAB	C. Stock	159864107	356.01 	7737	SH		Sole	None	7737	0
CHARMING SHOPPES	C. Stock	161133103	18.35 	1958	SH		Sole	None	1958	0
CHATTEM INC	C. Stock	162456107	"1,195.03 "	36103	SH		Sole	None	36103	0
CHEMED CORP	C. Stock	163596109	420.17 	6260	SH		Sole	None	6260	0
CHEVRONTEXACO	C. Stock	166764100	"1,222.11 "	23273	SH		Sole	None	23273	0
CHICAGO MERC EX	C. Stock	167760107	765.46 	3347	SH		Sole	None	3347	0
CHICOS FAS	C. Stock	168615102	7.38 	162	SH		Sole	None	162	0
CHILDREN'S PLACE	C. Stock	168905107	"3,521.67 "	95103	SH		Sole	None	95103	0
CHURCH & DWIGHT	C. Stock	171340102	"1,729.48 "	51441	SH		Sole	None	51441	0
CIA SIDERUR-adr	C. Stock	20440W105	8.26 	432	SH		Sole	None	432	0
CIGNA CORP	C. Stock	125509109	595.11 	7295	SH		Sole	None	7295	0
CIRCUIT CITY INC	C. Stock	172737108	16.77 	1072	SH		Sole	None	1072	0
CITIGROUP	C. Stock	172967101	577.52 	11986	SH		Sole	None	11986	0
CITIGROUP INC	C. Stock	228227104	18.49 	1111	SH		Sole	None	1111	0
CITRIX SYSTEMS	C. Stock	177376100	366.45 	14981	SH		Sole	None	14981	0
CLAIRE'S STORES	C. Stock	179584107	6.86 	323	SH		Sole	None	323	0
CLOROX CO	C. Stock	189054109	360.18 	6112	SH		Sole	None	6112	0
COACH INC	C. Stock	189754104	694.91 	12321	SH		Sole	None	12321	0
COCA COLA HELNC	C. Stock	1912EP104	6.55 	277	SH		Sole	None	277	0
COGNOS INC	C. Stock	19244C109	"1,131.92 "	25690	SH		Sole	None	25690	0
COLDWATER CREEK	C. Stock	193068103	21.83 	707	SH		Sole	None	707	0
COLES MYERS LTD	C. Stock	193870409	7.88 	129	SH		Sole	None	129	0
COMCAST	C. Stock	20030N101	665.60 	20000	SH		Sole	None	20000	0
COMERICA	C. Stock	200340107	"1,626.88 "	26661	SH		Sole	None	26661	0
COMMERCIAL CAPITAL	C. Stock	20462L105	497.75 	21473	SH		Sole	None	21473	0
COMMERCIAL METL	C. Stock	201723103	9.86 	195	SH		Sole	None	195	0
COMMUN TRUST BC	C. Stock	204149108	6.26 	193	SH		Sole	None	193	0
COMPUCREDIT CRP	C. Stock	20478N100	404.64 	14800	SH		Sole	None	14800	0
COMTECH TELECOM	C. Stock	205826209	374.50 	9957	SH		Sole	None	9957	0
COMVERSE TECH	C. Stock	205862402	384.60 	15730	SH		Sole	None	15730	0
CONAGRA INC	C. Stock	205887102	664.73 	22571	SH		Sole	None	22571	0
CONOCOPHILLIPS	C. Stock	20825C104	"3,649.43 "	42029	SH		Sole	None	42029	0
CONSOLIDATED CIGAR HOLDINGS	C. Stock	204409601	7.75 	316	SH		Sole	None	316	0
CONSOLIDATED FREIGHTWAYS	C. Stock	12612W104	561.08 	11199	SH		Sole	None	11199	0
CONSTELTN BRNDS	C. Stock	21036P108	273.01 	5870	SH		Sole	None	5870	0
COOPER COMPANIES	C. Stock	216648402	271.75 	3849	SH		Sole	None	3849	0
COPART INC	C. Stock	217204106	402.59 	15295	SH		Sole	None	15295	0
CORN PRODUCTS INT'L	C. Stock	219023108	993.01 	18540	SH		Sole	None	18540	0
COSTCO COMPANIES	C. Stock	22160K105	"2,412.49 "	49834	SH		Sole	None	49834	0
COVANCE	C. Stock	222816100	743.75 	19193	SH		Sole	None	19193	0
COVANSYS CORP	C. Stock	22281W103	8.45 	552	SH		Sole	None	552	0
CREE INC	C. Stock	225447101	847.09 	21134	SH		Sole	None	21134	0
CUMMINS INC	C. Stock	231021106	558.54 	6665	SH		Sole	None	6665	0
D.R. HORTON INC	C. Stock	23331A109	666.60 	16536	SH		Sole	None	16536	0
DADE BEHRING HLDNGS	C. Stock	23342J206	538.11 	9609	SH		Sole	None	9609	0
DAVITA	C. Stock	23918K108	8.89 	225	SH		Sole	None	225	0
DECKERS OUTDOOR	C. Stock	243537107	707.67 	15059	SH		Sole	None	15059	0
DEERE & CO	C. Stock	244199105	569.31 	7651	SH		Sole	None	7651	0
DELTA NAT GAS	C. Stock	247748106	6.78 	249	SH		Sole	None	249	0
DENDRITE INT'L	C. Stock	248239105	262.15 	13513	SH		Sole	None	13513	0
DENTSPLY INT'L	C. Stock	249030107	26.64 	474	SH		Sole	None	474	0
DICKS SPORTING GDS	C. Stock	253393102	320.43 	9116	SH		Sole	None	9116	0
DIGITAL RIVER	C. Stock	25388B104	18.72 	450	SH		Sole	None	450	0
DIODES INC	C. Stock	254543101	388.13 	17151	SH		Sole	None	17151	0
DONNELLEY (RR)	C. Stock	257867101	720.65 	20420	SH		Sole	None	20420	0
DOV PHARMACEUTICAL INC	C. Stock	259858108	591.68 	32780	SH		Sole	None	32780	0
DOWNEY FINANCIAL	C. Stock	261018105	511.74 	8977	SH		Sole	None	8977	0
DRS TECH	C. Stock	23330X100	359.82 	8424	SH		Sole	None	8424	0
DU PONT CORP	C. Stock	263534109	645.75 	13165	SH		Sole	None	13165	0
DYCOM INDS	C. Stock	267475101	6.78 	222	SH		Sole	None	222	0
EAGLE HRDWR/GRDN	C. Stock	268484102	581.84 	19465	SH		Sole	None	19465	0
EARTHLINK NET	C. Stock	270321102	19.50 	1693	SH		Sole	None	1693	0
EASTMAN CHEMICAL	C. Stock	277432100	"1,865.20 "	32308	SH		Sole	None	32308	0
EASTMAN KODAK	C. Stock	277461109	282.64 	8764	SH		Sole	None	8764	0
ECHOSTAR COMM	C. Stock	278762109	"1,063.20 "	31976	SH		Sole	None	31976	0
EDGE PETROLEUM	C. Stock	279862106	8.38 	575	SH		Sole	None	575	0
EDWARDS LIFESCIENCE	C. Stock	28176E108	"2,001.18 "	48501	SH		Sole	None	48501	0
EFUNDS CORP	C. Stock	28224R101	368.96 	15367	SH		Sole	None	15367	0
EISAI CO LTD	C. Stock	282579309	7.13 	218	SH		Sole	None	218	0
ENDURANCE SPLTY	C. Stock	G30397106	5.99 	175	SH		Sole	None	175	0
ENERGEN CORP	C. Stock	29265N108	369.23 	6263	SH		Sole	None	6263	0
ENGINEERED SUPPORT	C. Stock	292866100	708.15 	11958	SH		Sole	None	11958	0
ENTERPRISE PRTNRS	C. Stock	293792107	583.11 	22548	SH		Sole	None	22548	0
EON LABS	C. Stock	29412E100	6.26 	232	SH		Sole	None	232	0
EQUINIX	C. Stock	2944U502	20.77 	486	SH		Sole	None	486	0
ERICSSON LM ADR	C. Stock	294821608	599.96 	19052	SH		Sole	None	19052	0
ESTEE LAUDER- A	C. Stock	518439104	466.91 	10201	SH		Sole	None	10201	0
EXELON CORP	C. Stock	30161N101	798.72 	18123	SH		Sole	None	18123	0
EXXON MOBIL CRP	C. Stock	30231G102	"1,490.78 "	29082	SH		Sole	None	29082	0
FAIRCHILD SEMI	C. Stock	35687M206	48.14 	2622	SH		Sole	None	2622	0
FARO TECH	C. Stock	311642102	454.32 	14570	SH		Sole	None	14570	0
FASTENAL CO	C. Stock	311900104	481.44 	7820	SH		Sole	None	7820	0
FEDERAL EXPRESS	C. Stock	31428X106	582.75 	5916	SH		Sole	None	5916	0
FEDERATD DPT STRS	C. Stock	31410H101	18.44 	319	SH		Sole	None	319	0
FIDELITY NAT'L FINANCIAL	C. Stock	316326107	7.01 	153	SH		Sole	None	153	0
FILENET CORP	C. Stock	316869106	17.80 	691	SH		Sole	None	691	0
FINISH LINE CL A	C. Stock	317923100	654.98 	35791	SH		Sole	None	35791	0
FIRST BNCRP P R	C. Stock	318672102	357.50 	5629	SH		Sole	None	5629	0
FIRST HORIZON PHARM	C. Stock	32051K106	12.22 	534	SH		Sole	None	534	0
FIRST MARBLEHEAD	C. Stock	320771108	377.31 	6707	SH		Sole	None	6707	0
FIRST REP BANK	C. Stock	336158100	8.75 	165	SH		Sole	None	165	0
FIRST STERLING BANK	C. Stock	33709Q107	28.91 	1574	SH		Sole	None	1574	0
FISERV INC	C. Stock	337738108	"1,362.73 "	33907	SH		Sole	None	33907	0
FISHER SCIENTIFIC	C. Stock	338032204	"1,325.54 "	21249	SH		Sole	None	21249	0
FNB CORP	C. Stock	302520101	573.01 	28143	SH		Sole	None	28143	0
FOOT LOCKER INC	C. Stock	344849104	6.89 	256	SH		Sole	None	256	0
FORTUNE BRANDS	C. Stock	349631101	280.09 	3629	SH		Sole	None	3629	0
FOUR SEASONS HTLS	C. Stock	35100E104	665.76 	8139	SH		Sole	None	8139	0
FRANKLIN RESOURCES	C. Stock	354613101	694.20 	9966	SH		Sole	None	9966	0
GARMIN LTD	C. Stock	G37260109	416.69 	6848	SH		Sole	None	6848	0
GATX CORP	C. Stock	361448103	754.61 	25528	SH		Sole	None	25528	0
GENERAL ELECTRIC	C. Stock	369604103	544.38 	14914	SH		Sole	None	14914	0
GENERAL MILLS	C. Stock	370334104	270.27 	5437	SH		Sole	None	5437	0
GENESEE & WYO	C. Stock	371559105	5.13 	182	SH		Sole	None	182	0
GENL MARITIME	C. Stock	Y2692M103	755.16 	18902	SH		Sole	None	18902	0
GEN-PROBE INC	C. Stock	36866T103	632.09 	13981	SH		Sole	None	13981	0
GETTY IMAGES	C. Stock	374276103	608.17 	8833	SH		Sole	None	8833	0
GILEAD SCIENCES	C. Stock	375558103	500.69 	14309	SH		Sole	None	14309	0
GILLETTE CO	C. Stock	375766102	911.35 	20351	SH		Sole	None	20351	0
GLOBAL PAYMENTS	C. Stock	37940X102	915.57 	15640	SH		Sole	None	15640	0
GOLDMAN SACHS	C. Stock	38141G104	574.17 	5518	SH		Sole	None	5518	0
GOODRICH PETROL	C. Stock	382410405	18.82 	1161	SH		Sole	None	1161	0
GTECH HOLDINGS	C. Stock	400518106	6.33 	244	SH		Sole	None	244	0
GUITAR CENTER	C. Stock	402040109	591.52 	11226	SH		Sole	None	11226	0
HAEMONETICS CORP	C. Stock	405024100	26.29 	726	SH		Sole	None	726	0
HAGGAR CORP	C. Stock	405173105	7.17 	305	SH		Sole	None	305	0
HANMI FINANCIAL	C. Stock	410495105	368.04 	10240	SH		Sole	None	10240	0
HARRIS CORP	C. Stock	413875105	"1,462.36 "	23666	SH		Sole	None	23666	0
HEIDRICK STRUGGLES	C. Stock	422819102	637.55 	18603	SH		Sole	None	18603	0
HENRY SCHEIN	C. Stock	806407102	789.08 	11330	SH		Sole	None	11330	0
HERSHEY FOODS	C. Stock	427866108	"2,040.11 "	36732	SH		Sole	None	36732	0
HEWLETT PACKARD	C. Stock	428236103	530.50 	25298	SH		Sole	None	25298	0
HIBBET SPORTING	C. Stock	428565105	8.06 	303	SH		Sole	None	303	0
HOME DEPOT	C. Stock	437076102	17.52 	410	SH		Sole	None	410	0
HORMEL FOODS	C. Stock	440452100	7.24 	231	SH		Sole	None	231	0
HOVNANIAN ENTRPRSE	C. Stock	442487203	7.13 	144	SH		Sole	None	144	0
HUBBELL INC CL B	C. Stock	443510201	788.80 	15082	SH		Sole	None	15082	0
HUGHES SUPPLY	C. Stock	444482103	521.98 	16135	SH		Sole	None	16135	0
HUMANA INC	C. Stock	444859102	755.17 	25435	SH		Sole	None	25435	0
IHOP CORP	C. Stock	449623107	18.01 	430	SH		Sole	None	430	0
II-VI INC	C. Stock	902104108	338.78 	7973	SH		Sole	None	7973	0
IMMUCOR	C. Stock	452526106	366.26 	15578	SH		Sole	None	15578	0
INCO LTD	C. Stock	453258402	539.63 	14671	SH		Sole	None	14671	0
INDYMAC BCP INC	C. Stock	456607100	6.89 	200	SH		Sole	None	200	0
INFOSPACE INC	C. Stock	45678T201	621.66 	13073	SH		Sole	None	13073	0
INGERSOLL-RAND	C. Stock	G4776G101	574.31 	7152	SH		Sole	None	7152	0
INGRAM MICRO CL A	C. Stock	457153104	403.26 	19387	SH		Sole	None	19387	0
INNOVATIVE SOLUTIONS	C. Stock	45769N105	379.49 	11375	SH		Sole	None	11375	0
INTEGRA LIFESCI	C. Stock	457985208	477.51 	12930	SH		Sole	None	12930	0
INTL BUS MACHINES	C. Stock	459200101	"2,594.02 "	26313	SH		Sole	None	26313	0
INTL RECTIFIER	C. Stock	460254105	"1,643.07 "	36864	SH		Sole	None	36864	0
INT'L SPEEDWAY	C. Stock	460335201	354.82 	6720	SH		Sole	None	6720	0
INTUITIVE SURGICAL	C. Stock	46120E602	846.02 	21139	SH		Sole	None	21139	0
INVEST TECH GRP	C. Stock	46145F105	426.70 	21335	SH		Sole	None	21335	0
INVITROGEN CORP	C. Stock	46185R100	27.12 	404	SH		Sole	None	404	0
IPAYMENT INC	C. Stock	46262E105	8.96 	181	SH		Sole	None	181	0
ISHARES GS INVESTCORP BD	C. Stock	464287242	781.00 	7002	SH		Sole	None	7002	0
ISHARES TR-2000	C. Stock	464287655	"1,390.83 "	10740	SH		Sole	None	10740	0
ITLA CAP CORP	C. Stock	450565106	6.94 	118	SH		Sole	None	118	0
ITT HARTFORD	C. Stock	416515104	318.48 	4595	SH		Sole	None	4595	0
IVILLIAGE INC	C. Stock	46588H105	384.25 	62177	SH		Sole	None	62177	0
JAKKS PACIFIC	C. Stock	47012E106	530.87 	24010	SH		Sole	None	24010	0
JEFFERSON-PILOT	C. Stock	475070108	"1,331.42 "	25624	SH		Sole	None	25624	0
JOHN Q HAMMONS	C. Stock	408623106	17.42 	860	SH		Sole	None	860	0
JOHNSON & JHNSN	C. Stock	478160104	"2,031.52 "	32032	SH		Sole	None	32032	0
JONES LANG LASALLE	C. Stock	48020Q107	578.80 	15471	SH		Sole	None	15471	0
JOY GLOBAL INC	C. Stock	481165108	9.82 	226	SH		Sole	None	226	0
JUNIPER NETWRKS	C. Stock	48203R104	"1,053.94 "	38762	SH		Sole	None	38762	0
JUPITERMEDIA CP	C. Stock	48207D101	28.85 	1213	SH		Sole	None	1213	0
KB HOME	C. Stock	48666K109	741.98 	7107	SH		Sole	None	7107	0
KENNAMETAL INC	C. Stock	489170100	217.59 	4372	SH		Sole	None	4372	0
KINDER MORG MGT	C. Stock	49455U100	10.25 	251	SH		Sole	None	251	0
KINDRED HLTHCR	C. Stock	494580103	31.27 	1044	SH		Sole	None	1044	0
KINETIC CONCEPTS	C. Stock	49460W208	407.04 	5334	SH		Sole	None	5334	0
KOMAG INC	C. Stock	500453204	346.05 	18426	SH		Sole	None	18426	0
KOS PHARMA	C. Stock	500648100	337.84 	8975	SH		Sole	None	8975	0
KYPHON INC	C. Stock	501577100	6.29 	244	SH		Sole	None	244	0
L-3 COMM	C. Stock	502424104	"1,107.09 "	15115	SH		Sole	None	15115	0
LAB CRP OF AMER	C. Stock	50540R409	362.89 	7284	SH		Sole	None	7284	0
LANDAMERICA FIN	C. Stock	514936103	619.83 	11493	SH		Sole	None	11493	0
LANDRYS RESTRNTS	C. Stock	51508L103	"1,473.73 "	50713	SH		Sole	None	50713	0
LASALLE HOTEL	C. Stock	517942108	583.98 	18346	SH		Sole	None	18346	0
LCA VISION	C. Stock	501803308	807.02 	34502	SH		Sole	None	34502	0
LECROY CORP	C. Stock	52324W109	7.40 	317	SH		Sole	None	317	0
LEHMAN 1-3YR TRS BD	C. Stock	464287457	"1,170.25 "	14371	SH		Sole	None	14371	0
LEHMAN AGG BND FND	C. Stock	464287226	"2,478.50 "	24204	SH		Sole	None	24204	0
LEHMAN BROS	C. Stock	524908100	349.55 	3995	SH		Sole	None	3995	0
LENNAR CORP	C. Stock	526057104	7.14 	126	SH		Sole	None	126	0
LIFEPOINT HOSPITLS	C. Stock	53219L109	27.26 	783	SH		Sole	None	783	0
LITTLEFUSE INC	C. Stock	537008104	7.07 	207	SH		Sole	None	207	0
LOOKSMART LTD	C. Stock	543442107	392.30 	179133	SH		Sole	None	179133	0
LOUISIANA-PACIFIC	C. Stock	546347105	8.66 	324	SH		Sole	None	324	0
LOWES COMPANIES	C. Stock	548661107	352.16 	6115	SH		Sole	None	6115	0
M & F BNCP INC	C. Stock	552507105	7.50 	300	SH		Sole	None	300	0
MAIR HLDGS INC	C. Stock	560635104	7.07 	769	SH		Sole	None	769	0
MANDALAY RSRT GRP	C. Stock	562567107	9.30 	132	SH		Sole	None	132	0
MANPOWER INC	C. Stock	56418H100	"1,667.86 "	34531	SH		Sole	None	34531	0
MARKEL CORP	C. Stock	570535104	595.21 	1635	SH		Sole	None	1635	0
MARRIOTT INT'L	C. Stock	571903202	"3,090.33 "	49068	SH		Sole	None	49068	0
MARVEL ENTRPRS	C. Stock	57383M108	"2,934.62 "	143292	SH		Sole	None	143292	0
MARVELL TECH GRP	C. Stock	G5876H105	"2,569.04 "	72428	SH		Sole	None	72428	0
MATRIA HEALTHCARE	C. Stock	576817209	26.88 	688	SH		Sole	None	688	0
MAVERICK TUBE	C. Stock	577914104	489.72 	16162	SH		Sole	None	16162	0
MAY DEPT STORES	C. Stock	577778103	500.12 	17010	SH		Sole	None	17010	0
MBIA INC	C. Stock	55262C100	524.62 	8290	SH		Sole	None	8290	0
MCCORMICK & CO	C. Stock	579780206	707.67 	18333	SH		Sole	None	18333	0
MCDERMOTT INT'L	C. Stock	580037109	9.07 	494	SH		Sole	None	494	0
MCDONALDS CORP	C. Stock	580135101	"1,501.58 "	46836	SH		Sole	None	46836	0
MCKESSON HBOC	C. Stock	58155Q103	19.35 	615	SH		Sole	None	615	0
MDC HOLDINGS	C. Stock	552676108	593.67 	6868	SH		Sole	None	6868	0
MDU RESOURCES	C. Stock	552690109	509.14 	19083	SH		Sole	None	19083	0
MEDCO HEALTH	C. Stock	58405U102	27.83 	669	SH		Sole	None	669	0
MEN'S WAREHOUSE	C. Stock	587118100	"1,889.38 "	59116	SH		Sole	None	59116	0
MERCURY GENERAL	C. Stock	589400100	366.30 	6113	SH		Sole	None	6113	0
MERITAGE CORP	C. Stock	59001A102	834.34 	7403	SH		Sole	None	7403	0
MICHAEL'S STORES	C. Stock	594087108	17.92 	598	SH		Sole	None	598	0
MICRO SYSTEMS	C. Stock	594901100	398.20 	5101	SH		Sole	None	5101	0
MOSAIC CO	C. Stock	61945A107	514.54 	31528	SH		Sole	None	31528	0
MOTOROLA INC	C. Stock	620076109	679.25 	39491	SH		Sole	None	39491	0
MSC INDL DIRECT	C. Stock	553530106	360.60 	10022	SH		Sole	None	10022	0
MSCI EAFE INDEX	C. Stock	464287465	"10,843.06 "	67663	SH		Sole	None	67663	0
M-SYSTEMS FLASH	C. Stock	M7061C100	783.46 	39728	SH		Sole	None	39728	0
MTS SYSTEMS INC	C. Stock	553777103	392.22 	11600	SH		Sole	None	11600	0
MURPHY OIL CORP	C. Stock	626717102	"1,819.37 "	22614	SH		Sole	None	22614	0
NABI BIOPHARMA	C. Stock	629519109	6.62 	452	SH		Sole	None	452	0
NAPSTER	C. Stock	630797108	18.67 	1995	SH		Sole	None	1995	0
NASDAQ STCK MKT	C. Stock	631103108	6.57 	641	SH		Sole	None	641	0
NATL FINL PTNRS	C. Stock	63607P208	8.42 	217	SH		Sole	None	217	0
NCR CORP	C. Stock	62886E108	393.55 	5684	SH		Sole	None	5684	0
NEWELL CO	C. Stock	651229106	564.29 	23327	SH		Sole	None	23327	0
NORDSON CORP	C. Stock	655663102	6.73 	168	SH		Sole	None	168	0
NORDSTROM INC	C. Stock	655664100	415.82 	8898	SH		Sole	None	8898	0
NORFOLK SOUTHERN	C. Stock	655844108	630.08 	17410	SH		Sole	None	17410	0
NOVATEL WIRELESS	C. Stock	66987M604	176.98 	9117	SH		Sole	None	9117	0
NU SKIN ENTERP	C. Stock	67018T105	20.20 	796	SH		Sole	None	796	0
NUCOR CORP	C. Stock	670346105	"1,651.33 "	31549	SH		Sole	None	31549	0
NVIDIA CORP	C. Stock	67066G104	552.01 	23430	SH		Sole	None	23430	0
OCCIDENTAL PETROLEUM	C. Stock	674599105	8.23 	141	SH		Sole	None	141	0
OCULAR SCIENCES	C. Stock	675744106	10.10 	206	SH		Sole	None	206	0
OHIO CASUALTY	C. Stock	677240103	555.87 	23949	SH		Sole	None	23949	0
OM GROUP INC	C. Stock	670872100	515.88 	15912	SH		Sole	None	15912	0
ONEOK INC	C. Stock	682680103	869.92 	30609	SH		Sole	None	30609	0
ORACLE SYSTEMS	C. Stock	68389X105	20.37 	1485	SH		Sole	None	1485	0
ORBOTECH LTD	C. Stock	M75253100	623.33 	29360	SH		Sole	None	29360	0
OSHKOSH TRUCK	C. Stock	688239201	7.86 	115	SH		Sole	None	115	0
OWENS-ILLINOIS	C. Stock	690768403	664.99 	29359	SH		Sole	None	29359	0
PACCAR INC	C. Stock	693718108	"2,213.57 "	27504	SH		Sole	None	27504	0
PACIFICARE HEALTH	C. Stock	695112102	26.62 	471	SH		Sole	None	471	0
PANHANDLE RLTY	C. Stock	698477106	8.66 	380	SH		Sole	None	380	0
PARAMETRIC TECH	C. Stock	699173100	19.27 	3272	SH		Sole	None	3272	0
PARKER HANNIFIN	C. Stock	701094104	"3,965.39 "	52355	SH		Sole	None	52355	0
PEDIATRIX MED GRP	C. Stock	705324101	349.23 	5452	SH		Sole	None	5452	0
PENGROWTH EGY	C. Stock	706902103	637.19 	30604	SH		Sole	None	30604	0
PENNEY (J.C.) CO	C. Stock	708160106	"1,684.92 "	40698	SH		Sole	None	40698	0
PEOPLES BANK	C. Stock	710198102	359.74 	9250	SH		Sole	None	9250	0
PERKINELMER	C. Stock	714046109	300.85 	13377	SH		Sole	None	13377	0
PETCO ANIMAL SUPPLY	C. Stock	716016209	"1,837.55 "	46543	SH		Sole	None	46543	0
PETROCHINA ADR	C. Stock	71646E100	513.32 	9560	SH		Sole	None	9560	0
PHILIP MORRIS	C. Stock	02209S103	666.89 	10914	SH		Sole	None	10914	0
PHILIPPINE TEL	C. Stock	718252604	8.18 	328	SH		Sole	None	328	0
PHILLIP V H INC	C. Stock	718592108	360.65 	13357	SH		Sole	None	13357	0
PILGRIMS PRID-B	C. Stock	721467108	524.30 	17089	SH		Sole	None	17089	0
PINNACLE FIN PT	C. Stock	72346Q104	11.54 	510	SH		Sole	None	510	0
PINNACLE WEST CAP	C. Stock	723484101	707.63 	15934	SH		Sole	None	15934	0
PITNEY BOWES INC	C. Stock	724479100	668.62 	14447	SH		Sole	None	14447	0
PLAINS EXPLORATION	C. Stock	726505100	618.53 	23789	SH		Sole	None	23789	0
PLANTRONICS	C. Stock	727493108	521.34 	12571	SH		Sole	None	12571	0
POHANG IRON & STEEL	C. Stock	693483109	548.86 	12325	SH		Sole	None	12325	0
POLYCOM INC	C. Stock	73172K104	"1,169.64 "	50156	SH		Sole	None	50156	0
POTASH CORP	C. Stock	73755L107	"2,011.57 "	24218	SH		Sole	None	24218	0
POTLATCH CORP	C. Stock	737628107	623.95 	12335	SH		Sole	None	12335	0
PRECISION DRILL	C. Stock	74022D100	"2,563.75 "	40824	SH		Sole	None	40824	0
PRIVATEBANCORP	C. Stock	742962103	8.25 	256	SH		Sole	None	256	0
PROCTER & GAMBLE	C. Stock	742718109	"1,840.62 "	33417	SH		Sole	None	33417	0
PROGRESS ENERGY	C. Stock	743263105	"2,300.24 "	50845	SH		Sole	None	50845	0
PSYCHIATRIC SOLUTIONS 	C. Stock	74439H108	714.17 	19534	SH		Sole	None	19534	0
QUALCOM INC	C. Stock	747525103	561.64 	13246	SH		Sole	None	13246	0
QUALITY SYS	C. Stock	747582104	363.51 	6078	SH		Sole	None	6078	0
QUESTAR	C. Stock	748356102	557.34 	10936	SH		Sole	None	10936	0
RADIOSHACK	C. Stock	750438103	"1,908.13 "	58033	SH		Sole	None	58033	0
RAYONIER INC	C. Stock	754907103	503.06 	10285	SH		Sole	None	10285	0
REALNETWORKS	C. Stock	75605L104	447.06 	67532	SH		Sole	None	67532	0
RED HAT INC	C. Stock	756577102	17.21 	1289	SH		Sole	None	1289	0
REGAL ENTMNT GP	C. Stock	758766109	531.04 	25592	SH		Sole	None	25592	0
RELIANCE STEEL	C. Stock	759509102	495.45 	12716	SH		Sole	None	12716	0
RELIANT EGY INC	C. Stock	75952B105	10.82 	793	SH		Sole	None	793	0
RESOURCES CONNECTION	C. Stock	76122Q105	"3,851.72 "	70921	SH		Sole	None	70921	0
REYNOLDS AMERICAN	C. Stock	761713106	8.10 	103	SH		Sole	None	103	0
RH DONNELLEY	C. Stock	74955W307	367.08 	6216	SH		Sole	None	6216	0
RH DONNELLEY	C. Stock	74955W307	637.74 	12764	SH		Sole	None	12764	0
RICHEMONT AG	C. Stock	204318109	8.25 	249	SH		Sole	None	249	0
ROCKWELL INT'L	C. Stock	773903109	599.49 	12098	SH		Sole	None	12098	0
ROFIN-SINAR	C. Stock	775043102	385.16 	9073	SH		Sole	None	9073	0
S&P500 DEP RCPTS	C. Stock	78462F103	391.30 	3237	SH		Sole	None	3237	0
SAFENET INC	C. Stock	78645R107	654.19 	17805	SH		Sole	None	17805	0
SAN PAOLO -ADR	C. Stock	799175104	6.51 	227	SH		Sole	None	227	0
SANDVIK AB	C. Stock	800212201	6.96 	173	SH		Sole	None	173	0
SAPIENT CORP	C. Stock	803062108	508.84 	64329	SH		Sole	None	64329	0
SARA LEE CORP	C. Stock	803111103	664.57 	27529	SH		Sole	None	27529	0
SBC COMMUNICATIONS	C. Stock	78387G103	628.72 	24397	SH		Sole	None	24397	0
SCIENTIFIC ATLANTA	C. Stock	808655104	589.54 	17859	SH		Sole	None	17859	0
SCOTTISH POWER	C. Stock	81013T705	6.82 	219	SH		Sole	None	219	0
SEARS ROEBUCK	C. Stock	812387108	"3,229.51 "	63286	SH		Sole	None	63286	0
SENSIENT TECH	C. Stock	81725T100	694.43 	28946	SH		Sole	None	28946	0
SEPRACOR INC	C. Stock	817315104	"1,623.76 "	27349	SH		Sole	None	27349	0
SERVICEMASTR CO	C. Stock	81760N109	755.63 	54795	SH		Sole	None	54795	0
SFBC INTL INC	C. Stock	784121105	628.91 	15921	SH		Sole	None	15921	0
SIERRA HEALTH	C. Stock	826322109	962.76 	17469	SH		Sole	None	17469	0
SIGNET GRP PLC	C. Stock	82668L872	6.96 	321	SH		Sole	None	321	0
SILGAN HOLDINGS	C. Stock	827048109	8.60 	141	SH		Sole	None	141	0
SKYWORKS SOLUTIONS	C. Stock	83088M102	579.97 	61502	SH		Sole	None	61502	0
SMITH INT'L INC	C. Stock	832110100	477.04 	8767	SH		Sole	None	8767	0
SOCIETE GENL FR	C. Stock	83364L109	6.72 	331	SH		Sole	None	331	0
SONIC AUTOMOTIVE	C. Stock	83545G102	19.52 	787	SH		Sole	None	787	0
SONIC CORP	C. Stock	835451105	10.37 	340	SH		Sole	None	340	0
SONOCO PRODUCTS	C. Stock	835495102	720.12 	24287	SH		Sole	None	24287	0
SOTHEBY'S	C. Stock	835898107	566.31 	31184	SH		Sole	None	31184	0
SOUTHWESTERN ENERGY	C. Stock	845467109	759.54 	14983	SH		Sole	None	14983	0
SOVEREIGN BANCORP	C. Stock	845905108	"3,374.40 "	149640	SH		Sole	None	149640	0
SPRINT CORP	C. Stock	852061100	407.92 	16415	SH		Sole	None	16415	0
SRA INT'L	C. Stock	78464R105	387.97 	6043	SH		Sole	None	6043	0
SS&C TECH INC	C. Stock	85227Q100	6.63 	321	SH		Sole	None	321	0
ST JOE CO	C. Stock	790148100	10.27 	160	SH		Sole	None	160	0
STANDARD PACIFIC	C. Stock	85375C101	612.99 	9557	SH		Sole	None	9557	0
STAPLES INC	C. Stock	855030102	19.15 	568	SH		Sole	None	568	0
STARBUCKS CORP	C. Stock	855244109	653.48 	10479	SH		Sole	None	10479	0
STAT OIL ASA	C. Stock	85771P102	8.26 	520	SH		Sole	None	520	0
STEEL DYNAMICS	C. Stock	858119100	587.82 	15517	SH		Sole	None	15517	0
STEELCASE	C. Stock	858155203	400.27 	28921	SH		Sole	None	28921	0
STEIN MART INC	C. Stock	858375108	12.57 	737	SH		Sole	None	737	0
STEWART INFO SVCS	C. Stock	860372101	6.04 	145	SH		Sole	None	145	0
SUN CO INC	C. Stock	86764P109	624.60 	7644	SH		Sole	None	7644	0
SUPERVALU INC	C. Stock	868536103	19.09 	553	SH		Sole	None	553	0
SYBASE INC	C. Stock	871130100	383.63 	19229	SH		Sole	None	19229	0
SYBRON DENTAL	C. Stock	871142105	27.14 	767	SH		Sole	None	767	0
SYMANTEC CORP	C. Stock	871503108	515.33 	20004	SH		Sole	None	20004	0
TARGET CORP	C. Stock	87612E106	17.71 	341	SH		Sole	None	341	0
TEKTRONIX INC	C. Stock	879131100	200.35 	6632	SH		Sole	None	6632	0
TELEDYNE INC	C. Stock	879360105	382.84 	13008	SH		Sole	None	13008	0
TELEKOM AUSTRIA	C. Stock	87943Q109	9.05 	237	SH		Sole	None	237	0
TENNECO INC	C. Stock	880349105	614.69 	35655	SH		Sole	None	35655	0
TEREX CORP	C. Stock	880779103	"1,749.15 "	36708	SH		Sole	None	36708	0
TESORO PETROL	C. Stock	881609101	615.51 	19319	SH		Sole	None	19319	0
TEVA PHARMA	C. Stock	881624209	"1,973.05 "	66076	SH		Sole	None	66076	0
TEXTRON INC	C. Stock	883203101	542.44 	7350	SH		Sole	None	7350	0
THE LIMITED INC	C. Stock	532716107	15.19 	660	SH		Sole	None	660	0
THIOKOL CORP	C. Stock	900111204	12.11 	669	SH		Sole	None	669	0
THOMAS & BETTS	C. Stock	884315102	600.38 	19524	SH		Sole	None	19524	0
THOMAS NELSON	C. Stock	640376109	6.53 	289	SH		Sole	None	289	0
TIBCO SOFTWARE	C. Stock	88632Q103	"1,029.27 "	77157	SH		Sole	None	77157	0
TIM HELLAS TELECOM	C. Stock	88706Q104	8.33 	444	SH		Sole	None	444	0
TJX COMPANIES	C. Stock	872540109	18.57 	739	SH		Sole	None	739	0
TOLL BROS	C. Stock	889478103	10.57 	154	SH		Sole	None	154	0
TOO INC	C. Stock	890333107	367.47 	15023	SH		Sole	None	15023	0
TOYOTA MOTOR CORP	C. Stock	892331307	493.29 	6025	SH		Sole	None	6025	0
TRICON GLOBAL RSTRNTS	C. Stock	988498101	430.19 	9118	SH		Sole	None	9118	0
TUPPERWARE CORP	C. Stock	899896104	"1,075.35 "	51899	SH		Sole	None	51899	0
TXU CORP	C. Stock	873168108	395.88 	6131	SH		Sole	None	6131	0
TYCO INT'L LTD	C. Stock	902124106	529.58 	14817	SH		Sole	None	14817	0
U.S. STEEL GROUP	C. Stock	912909108	654.25 	12765	SH		Sole	None	12765	0
UBIQUITEL	C. Stock	903474302	21.70 	3048	SH		Sole	None	3048	0
UCBH HOLDINGS	C. Stock	90262T308	"1,599.09 "	34899	SH		Sole	None	34899	0
ULTRA PETRO CP	C. Stock	903914109	568.57 	11813	SH		Sole	None	11813	0
UNITED DEFENSE INDS	C. Stock	91018B104	364.57 	7715	SH		Sole	None	7715	0
UNITED HEALTHCARE	C. Stock	91324P102	631.02 	7168	SH		Sole	None	7168	0
UNITED SURG PTR	C. Stock	913016309	26.65 	639	SH		Sole	None	639	0
UNITED THERAPEUTICS	C. Stock	91307C102	700.15 	15507	SH		Sole	None	15507	0
UNITRIN INC	C. Stock	913275103	339.32 	7465	SH		Sole	None	7465	0
UNOVA INC	C. Stock	91529B106	6.30 	249	SH		Sole	None	249	0
URBAN OUTFITTERS	C. Stock	917047102	751.79 	16932	SH		Sole	None	16932	0
US BANCORP NEW	C. Stock	902973304	612.23 	19547	SH		Sole	None	19547	0
USANA HLTH SCI	C. Stock	90328M107	6.81 	199	SH		Sole	None	199	0
VALE RIO DO-ADR	C. Stock	204412209	3.92 	135	SH		Sole	None	135	0
VALERO ENERGY	C. Stock	91913Y100	639.51 	14086	SH		Sole	None	14086	0
VERISIGN INC	C. Stock	92343E102	198.41 	5905	SH		Sole	None	5905	0
VERITAS DGC INC	C. Stock	92343P107	470.74 	21005	SH		Sole	None	21005	0
VERIZON COMMS	C. Stock	92343V104	"1,897.57 "	46841	SH		Sole	None	46841	0
VIRGINIA COMMRC	C. Stock	92778Q109	6.71 	237	SH		Sole	None	237	0
VISTACARE	C. Stock	92839Y109	25.26 	1519	SH		Sole	None	1519	0
VODAFONE GROUP ADR	C. Stock	92857W100	6.41 	234	SH		Sole	None	234	0
VOLVO	C. Stock	928856400	547.12 	13819	SH		Sole	None	13819	0
WASHINGTON GRP INTL	C. Stock	938862208	7.30 	177	SH		Sole	None	177	0
WATTS INDUSTRIES	C. Stock	942749102	598.80 	18573	SH		Sole	None	18573	0
WEBSENSE	C. Stock	947684106	19.73 	389	SH		Sole	None	389	0
WEIS MKTS INC	C. Stock	948849104	706.70 	18322	SH		Sole	None	18322	0
WELLPOINT HLTH	C. Stock	94973H108	"1,344.86 "	11694	SH		Sole	None	11694	0
WESCO INT'L	C. Stock	95082P105	716.66 	24178	SH		Sole	None	24178	0
WESTERN GAS RES	C. Stock	958259103	7.43 	254	SH		Sole	None	254	0
WESTERN SIERRA	C. Stock	959522103	7.40 	193	SH		Sole	None	193	0
WEYERHAUSER CO	C. Stock	962166104	506.17 	7530	SH		Sole	None	7530	0
WFS FINANCIAL	C. Stock	92923B106	7.03 	139	SH		Sole	None	139	0
WINNEBAGO	C. Stock	974637100	591.32 	15138	SH		Sole	None	15138	0
WORTHINGTON INDS	C. Stock	981811102	476.59 	24340	SH		Sole	None	24340	0
WR BERKLEY CORP	C. Stock	084423102	"1,362.87 "	28892	SH		Sole	None	28892	0
WRIGLEY (WM) JR	C. Stock	982526105	499.10 	7213	SH		Sole	None	7213	0
WYETH	C. Stock	983024100	"3,132.79 "	73557	SH		Sole	None	73557	0
YELLOW CORP	C. Stock	985509108	"4,390.40 "	78808	SH		Sole	None	78808	0