SC 13G 1 ait13g02.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Under the Securities Exchange Act of 1934 (Amendment No. 0) APPLIED INDUSTRIAL TECHNOLOGIES INC (Name of Issuer) Common (Title of Class of Securities) 03820C105 (CUSIP Number) 1) Name of Reporting Person National Rural Electric Cooperative Association S.S. or I.R.S. Identification No. 53-0116145 of Above Person 2) Check the Appropriate Box N/A if a Member of a Group 3) SEC Use Only 4) Citizenship or Place of Arlington, VA Organization Number of Shares Beneficially Owned by Each Reporting Person With 5) Sole Voting Power 682,255 6) Shared Voting Power 0 7) Sole Dispositive Power 682,255 8) Shared Dispositive Power 0 9) Aggregate Amount Bene- 682,255 ficially Owned by Each Reporting Person 10) Check Box if the Aggregate N/A Amount in Row (9) Excludes Certain Shares 11) Percent of Class Represented 3.6% by Amount in Row 9 12) Type of Person Reporting EP Item 1 (a) Name of Issuer APPLIED INDUSTRIAL TECHNOLOGIES INC (b) Address of Issuer's Principal Executive Offices Applied Industrial Technologies Inc One Applied Plaza Euclid Ave East 36th St Cleveland, OH 44115 Item 2 (a) Name of Person Filing National Rural Electric Cooperative Association (b) Address of Principal Business Office 4301 Wilson Blvd. Arlington, VA 22203 (c) Citizenship Commonwealth of Virginia - National Rural Electric Cooperative Association (d) Title of Class of Securities Common (e) CUSIP Number 03820C105 Item 3 The person filing this statement pursuant to Rule 13d-1(b) or 13d-2(b) is: (f) Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see 240.13d-1(b)(1)(ii)(F) Item 4 Ownership (a) Amount Beneficially Owned 682,255 (b) Percent of Class 3.6% (c) Number of Shares as to which Such Person Has: (i) sole power to vote or to direct the vote 682,255 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 682,255 (iv) shared power to dispose or to direct the disposition of 0 Item 5 Ownership of Five Percent or Less of a Class Yes Item 6 Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8 Identification and Classification of Members of the Group Not Applicable Item 9 Notice of Dissolution of Group Not Applicable Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2002 Date Peter R. Morris Signature Peter R. Morris, Vice President and Chief Investment Officer Name and Title