13F-HR 1 w05771be13fvhr.txt FORM 13F-HR GARTMORE SA CAPITAL TRUST 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. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gartmore SA Capital Trust ------------------------------------------------------- Address: 1200 River Road Conshohocken, PA 19428 ------------------------------------------------------- Form 13F File Number: 28-04903 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 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: /s/ Eric Miller ------------------------------------------ Title: Vice President - Associate General Counsel ------------------------------------------ Phone: 888-223-2116 ------------------------------------------ Signature, Place, and Date of Signing: /s/ Eric Miller Conshohocken, PA 2/14/2005 --------------- ------------------------- --------------- (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).) Form 13F Gartmore SA Capital Trust Summary Page Report Summary: Form 13F Gartmore SA Capital Trust Information Table Entry 505 Form 13F Gartmore SA Capital Trust Information Table Value 3,221,716 (thousands)

Gartmore SA Detail

Page 1 Gartmore SA Detail AMETEK INC NEW COMMON 031100100 $ 364 10,205 X 10,205 AMGEN INC COMMON 031162100 $ 20,742 323,340 X 323,340 AMKOR TECHNOLOGY INC COMMON 031652100 $ 178 26,600 X 26,600 ANHEUSER BUSCH COS INC COMMON 035229103 $ 19,190 378,268 X 378,268 ANNTAYLOR STORES CORP COMMON 036115103 $ 2,336 108,518 X 108,518 APACHE CORP COMMON 037411105 $ 29,995 593,139 X 593,139 ARAMARK CORP COMMON 038521100 $ 1,730 65,274 X 65,274 ARCH COAL INC COMMON 039380100 $ 2,966 83,443 X 83,443 ARCHER DANIELS MIDLAND C COMMON 039483102 $ 13,618 610,397 X 610,397 ARLINGTON TANKERS LTD COMMON G04899103 $ 2,692 117,307 X 117,307 ARMOR HOLDINGS BND CV 042260AC3 $ 1,278 1,125,000 X 1,125,000 ARRAY BIOPHARMA INC COMMON 04269X105 $ 582 61,150 X 61,150 ARVINMERITOR INC COMMON 043353101 $ 1,031 46,093 X 46,093 ASHFORD HOSPITALITY TR I COMMON 044103109 $ 400 36,800 X 36,800 ASHLAND INC COMMON 044204105 $ 5,902 101,098 X 101,098 ASK JEEVES INC COMMON 045174109 $ 659 24,630 X 24,630 ASPEN INSURANCE HOLDINGS COMMON G05384105 $ 356 14,503 X 14,503 ASSURANT INC COMMON 04621X108 $ 346 11,335 X 11,335 ATMEL CORP COMMON 049513104 $ 280 71,451 X 71,451 AUGUST TECHNOLOGY CORP COMMON 05106U105 $ 225 21,400 X 21,400 AUTOLIV INC COMMON 052800109 $ 7,678 158,965 X 158,965 AUTOZONE INC COMMON 053332102 $ 1,876 20,540 X 20,540 AZTAR CORP COMMON 054802103 $ 1,092 31,259 X 31,259 B & G COMMON 05508R205 $ 1,807 120,600 X 120,600 BANK NEW YORK INC COMMON 064057102 $ 29,229 874,600 X 874,600 BANK OF AMERICA CORP COMMON 060505104 $ 34,714 738,748 X 738,748 BANKATLANTIC BANCORP COMMON 065908501 $ 399 20,060 X 20,060 BANKUNITED FINL CORP BND CV 06652BAD5 $ 1,602 1,510,000 X 1,510,000 BANKUNITED FINL CORP BND CV 06652BAE3 $ 2,706 2,550,000 X 2,550,000 BANTA CORP COMMON 066821109 $ 340 7,600 X 7,600 BARD C R INC COMMON 067383109 $ 2,539 39,685 X 39,685 BARR PHARMACEUTICALS INC COMMON 068306109 $ 2,628 57,701 X 57,701 BARRETT BILL CORP COMMON 06846N104 $ 661 20,670 X 20,670 BAUSCH & LOMB INC COMMON 071707103 $ 9,612 149,122 X 149,122 BEA SYS INC COMMON 073325102 $ 246 27,800 X 27,800 BEACON ROOFING SUPPLY IN COMMON 073685109 $ 316 15,900 X 15,900 BEAR STEARNS COS INC COMMON 073902108 $ 11,354 110,975 X 110,975

Page 2 Gartmore SA Detail BEARINGPOINT INC BND CV 074002AA4 $ 463 440,000 X 440,000 BEARINGPOINT INC COMMON 074002106 $ 1,480 184,327 X 184,327 BIOGEN IDEC INC COMMON 09062X103 $ 16,154 242,519 X 242,519 BJ SVCS CO BND CV 055482AF0 $ 1,287 1,550,000 X 1,550,000 BJ SVCS CO COMMON 055482103 $ 12,592 270,570 X 270,570 BOK FINL CORP COMMON 05561Q201 $ 399 8,186 X 8,186 BORDERS GROUP INC COMMON 099709107 $ 1,899 74,758 X 74,758 BRISTOL MYERS SQUIBB CO BND CV 110122AM0 $ 201 200,000 X 200,000 BRISTOL MYERS SQUIBB CO BND CV 110122AN8 $ 1,721 1,710,000 X 1,710,000 BROADCOM CORP COMMON 111320107 $ 372 11,520 X 11,520 BUCYRUS INTL INC NEW COMMON 118759109 $ 2,205 54,256 X 54,256 BURLINGTON NORTHN SANTA COMMON 12189T104 $ 20,370 430,555 X 430,555 BUSINESS OBJECTS S A COMMON 12328X107 $ 16,512 651,619 X 651,619 C D W CORP COMMON 12512N105 $ 1,031 15,535 X 15,535 C H ROBINSON WORLDWIDE I COMMON 12541W100 $ 525 9,450 X 9,450 CADENCE DESIGN SYSTEM IN COMMON 127387108 $ 1,384 100,224 X 100,224 CALPINE CORP COMMON 131347106 $ 2,784 706,574 X 706,574 CAMPBELL SOUP CO COMMON 134429109 $ 28,327 947,705 X 947,705 CANADIAN NATL RY CO COMMON 136375102 $ 515 8,400 X 8,400 CAPITAL ONE FINL CORP COMMON 14040H105 $ 3,064 36,381 X 36,381 CAREMARK RX INC COMMON 141705103 $ 6,060 153,691 X 153,691 CARLISLE COS INC COMMON 142339100 $ 1,788 27,547 X 27,547 CARNIVAL CORP COMMON 143658300 $ 531 9,220 X 9,220 CATERPILLAR INC DEL COMMON 149123101 $ 675 6,920 X 6,920 CB RICHARD ELLIS GROUP I COMMON 12497T101 $ 1,018 30,345 X 30,345 CBL & ASSOC PPTYS INC COMMON 124830100 $ 261 3,425 X 3,425 CBRL GROUP INC COMMON 12489V106 $ 1,487 35,537 X 35,537 CCC INFORMATION SVCS GRO COMMON 12487Q109 $ 235 10,600 X 10,600 CELESTICA INC COMMON 15101Q108 $ 4,433 314,190 X 314,190 CENTERPOINT ENERGY INC PFD 15189T206 $ 4,533 124,200 X 124,200 CENTURYTEL INC PFD 156700403 $ 1,100 41,500 X 41,500 CHEMED CORP NEW COMMON 16359R103 $ 674 10,050 X 10,050 CHESAPEAKE ENERGY CORP COMMON 165167107 $ 246 14,900 X 14,900 CHEVRONTEXACO CORP COMMON 166764100 $ 59,511 1,133,318 X 1,133,318 CHIQUITA BRANDS INTL INC COMMON 170032809 $ 205 9,300 X 9,300 CHIRON CORP COMMON 170040109 $ 250 7,500 X 7,500 CINCINNATI BELL INC NEW COMMON 171871106 $ 849 204,553 X 204,553

Page 3 Gartmore SA Detail CINTAS CORP COMMON 172908105 $ 3,136 71,491 X 71,491 CISCO SYS INC COMMON 17275R102 $ 40,647 2,103,902 X 2,103,902 CIT GROUP INC COMMON 125581108 $ 33,209 724,775 X 724,775 CITIGROUP INC COMMON 172967101 $ 29,729 617,047 X 617,047 CITY NATL CORP COMMON 178566105 $ 463 6,550 X 6,550 CLEAR CHANNEL COMMUNICAT COMMON 184502102 $ 10,767 321,503 X 321,503 CMS ENERGY CORP COMMON 125896100 $ 1,522 145,616 X 145,616 CNET NETWORKS INC COMMON 12613R104 $ 298 26,500 X 26,500 COACH INC COMMON 189754104 $ 17,963 318,488 X 318,488 COHERENT INC COMMON 192479103 $ 222 7,300 X 7,300 COLONIAL BANCGROUP INC COMMON 195493309 $ 422 19,900 X 19,900 COLTEC CAP TR PFD CV 196878409 $ 473 10,000 X 10,000 COMCAST CORP NEW COMMON 20030N101 $ 14,327 430,488 X 430,488 COMMERCIAL METALS CO COMMON 201723103 $ 263 5,205 X 5,205 COMMUNITY HEALTH SYS INC COMMON 203668108 $ 1,478 53,020 X 53,020 COMPUTER SCIENCES CORP COMMON 205363104 $ 15,158 268,900 X 268,900 COMPUWARE CORP COMMON 205638109 $ 5,333 831,971 X 831,971 CONAGRA FOODS INC COMMON 205887102 $ 1,778 60,386 X 60,386 CONCORD COMMUNICATIONS I BND CV 206186AB4 $ 428 475,000 X 475,000 CONOCOPHILLIPS COMMON 20825C104 $ 19,167 220,747 X 220,747 CONSTELLATION ENERGY GRO COMMON 210371100 $ 13,819 316,150 X 316,150 COOPER CAMERON CORP BND CV 216640AD4 $ 1,581 1,500,000 X 1,500,000 COOPER CAMERON CORP BND CV 216640AE2 $ 2,919 2,770,000 X 2,770,000 COOPER COS INC COMMON 216648402 $ 332 4,705 X 4,705 COORS ADOLPH CO COMMON 217016104 $ 10,403 137,482 X 137,482 CORINTHIAN COLLEGES INC COMMON 218868107 $ 1,891 100,354 X 100,354 COSTCO WHSL CORP NEW COMMON 22160K105 $ 12,015 248,200 X 248,200 COUNTRYWIDE FINANCIAL CO COMMON 222372104 $ 26,056 704,034 X 704,034 COVANCE INC COMMON 222816100 $ 2,922 75,407 X 75,407 COVENTRY HEALTH CARE INC COMMON 222862104 $ 831 15,663 X 15,663 CYMER INC COMMON 232572107 $ 225 7,600 X 7,600 CYPRESS SEMICONDUCTOR CO COMMON 232806109 $ 768 65,475 X 65,475 DANAHER CORP DEL COMMON 235851102 $ 13,558 236,155 X 236,155 DEAN FOODS CO NEW COMMON 242370104 $ 2,709 82,206 X 82,206 DELL INC COMMON 24702R101 $ 31,014 735,977 X 735,977 DENTSPLY INTL INC NEW COMMON 249030107 $ 315 5,600 X 5,600 DIEBOLD INC COMMON 253651103 $ 1,775 31,853 X 31,853

Page 4 Gartmore SA Detail DISNEY WALT CO BND CV 254687AU0 $ 4,383 3,940,000 X 3,940,000 DISNEY WALT CO COMMON 254687106 $ 9,298 334,467 X 334,467 DOLLAR GEN CORP COMMON 256669102 $ 13,544 652,108 X 652,108 DOLLAR TREE STORES INC COMMON 256747106 $ 2,055 71,414 X 71,414 DONNELLEY R R & SONS CO COMMON 257867101 $ 2,258 63,981 X 63,981 DOVER DOWNS GAMING & ENT COMMON 260095104 $ 620 47,337 X 47,337 DOW CHEM CO COMMON 260543103 $ 24,139 487,554 X 487,554 DREAMWORKS ANIMATION SKG COMMON 26153C103 $ 591 15,750 X 15,750 E M C CORP MASS COMMON 268648102 $ 29,449 1,980,450 X 1,980,450 E PIPHANY INC COMMON 26881V100 $ 1,487 307,797 X 307,797 EAGLE HOSPITALITY PPTY T COMMON 26959T102 $ 544 52,769 X 52,769 ECHOSTAR COMMUNICATIONS COMMON 278762109 $ 7,895 237,452 X 237,452 ELECTRONIC DATA SYS NEW BND CV 285661AF1 $ 3,623 3,430,000 X 3,430,000 ELIZABETH ARDEN INC COMMON 28660G106 $ 389 16,400 X 16,400 ENTERASYS NETWORKS INC COMMON 293637104 $ 95 52,600 X 52,600 ENTERCOM COMMUNICATIONS COMMON 293639100 $ 2,106 58,676 X 58,676 EOG RES INC COMMON 26875P101 $ 3,375 47,290 X 47,290 EPICOR SOFTWARE CORP COMMON 29426L108 $ 1,435 101,821 X 101,821 EXXON MOBIL CORP COMMON 30231G102 $ 25,756 502,457 X 502,457 EYETECH PHARMACEUTICALS COMMON 302297106 $ 523 11,490 X 11,490 FANNIE MAE PFD 313586810 $ 3,484 33 X 33 FEDERAL HOME LN MTG CORP COMMON 313400301 $ 10,488 142,300 X 142,300 FEDERATED DEPT STORES IN COMMON 31410H101 $ 13,818 239,099 X 239,099 FIDELITY NATL FINL INC COMMON 316326107 $ 12,456 272,750 X 272,750 FINISH LINE INC COMMON 317923100 $ 210 11,450 X 11,450 FIRST DATA CORP COMMON 319963104 $ 7,642 179,647 X 179,647 FIRSTMERIT CORP COMMON 337915102 $ 1,470 51,600 X 51,600 FISERV INC COMMON 337738108 $ 1,534 38,157 X 38,157 FISHER SCIENTIFIC INTL I BND CV 338032AX3 $ 2,315 2,065,000 X 2,065,000 FLOWSERVE CORP COMMON 34354P105 $ 248 9,000 X 9,000 FLUOR CORP NEW BND CV 343412AA0 $ 1,613 1,415,000 X 1,415,000 FOOT LOCKER INC COMMON 344849104 $ 1,807 67,097 X 67,097 FORTUNE BRANDS INC COMMON 349631101 $ 16,019 207,555 X 207,555 FRANKLIN BK CORP DEL COMMON 352451108 $ 314 17,200 X 17,200 FRANKLIN RES INC COMMON 354613101 $ 733 10,530 X 10,530 FREEPORT MC CORP PFD CV 35671D816 $ 596 610 X 610 FREESCALE SEMICONDUCTOR COMMON 35687M206 $ 946 51,536 X 51,536

Page 5 Gartmore SA Detail FRIEDMAN BILLINGS RAMSEY COMMON 358434108 $ 1,549 79,878 X 79,878 GENENTECH INC COMMON 368710406 $ 8,665 159,164 X 159,164 GENERAL ELEC CO COMMON 369604103 $119,240 3,266,860 X 3,266,860 GENERAL MTRS CORP PFD CV 370442717 $ 3,799 142,500 X 142,500 GENESCO INC COMMON 371532102 $ 286 9,200 X 9,200 GENLYTE GROUP INC COMMON 372302109 $ 360 4,200 X 4,200 GENTIVA HEALTH SERVICES COMMON 37247A102 $ 523 31,300 X 31,300 GENWORTH FINL INC PFD 37247D304 $ 1,070 33,000 X 33,000 GENZYME CORP BND CV 372917AM6 $ 2,147 2,025,000 X 2,025,000 GEORGIA PAC CORP COMMON 373298108 $ 12,519 334,005 X 334,005 GILEAD SCIENCES INC COMMON 375558103 $ 1,246 35,610 X 35,610 GILLETTE CO COMMON 375766102 $ 18,480 412,690 X 412,690 GLATFELTER COMMON 377316104 $ 2,159 141,271 X 141,271 GOLDMAN SACHS BND CV 38143UAP6 $ 2,581 2,500,000 X 2,500,000 GOLDMAN SACHS GROUP INC COMMON 38141G104 $ 30,396 292,158 X 292,158 GOOGLE INC COMMON 38259P508 $ 513 2,660 X 2,660 GRANT PRIDECO INC COMMON 38821G101 $ 1,806 90,050 X 90,050 GREAT LAKES CHEM CORP COMMON 390568103 $ 1,138 39,933 X 39,933 GREY WOLF INC BND CV 397888AD0 $ 514 500,000 X 500,000 GREY WOLF INC COMMON 397888108 $ 3,911 742,113 X 742,113 HALLIBURTON CO COMMON 406216101 $ 1,177 30,000 X 30,000 HARRAHS ENTMT INC COMMON 413619107 $ 1,137 16,997 X 16,997 HARSCO CORP COMMON 415864107 $ 1,256 22,527 X 22,527 HARTFORD FINL SVCS GROUP COMMON 416515104 $ 489 7,060 X 7,060 HEALTH MGMT ASSOC INC NE BND CV 421933AE2 $ 2,095 2,000,000 X 2,000,000 HEALTH MGMT ASSOC INC NE BND CV 421933AF9 $ 262 250,000 X 250,000 HEALTH NET INC COMMON 42222G108 $ 212 7,326 X 7,326 HEWLETT PACKARD CO COMMON 428236103 $ 7,940 378,650 X 378,650 HIGHWOODS PPTYS INC COMMON 431284108 $ 1,059 38,227 X 38,227 HILTON HOTELS CORP BND CV 432848AY5 $ 2,632 2,200,000 X 2,200,000 HILTON HOTELS CORP BND CV 432848AZ2 $ 598 500,000 X 500,000 HOME DEPOT INC COMMON 437076102 $ 12,092 282,923 X 282,923 HUBBELL INC COMMON 443510201 $ 2,097 40,100 X 40,100 HUMAN GENOME SCIENCES IN COMMON 444903108 $ 1,143 95,060 X 95,060 HUNT J B TRANS SVCS INC COMMON 445658107 $ 23,742 529,358 X 529,358 IAC INTERACTIVECORP COMMON 44919P102 $ 2,269 82,141 X 82,141 ICON PUB LTD CO COMMON 45103T107 $ 1,076 28,030 X 28,030

Page 6 Gartmore SA Detail ICOS CORP COMMON 449295104 $ 1,082 38,250 X 38,250 ILLINOIS TOOL WKS INC COMMON 452308109 $ 19,528 210,707 X 210,707 IMS HEALTH INC COMMON 449934108 $ 2,938 126,581 X 126,581 INCYTE CORP COMMON 45337C102 $ 1,088 108,950 X 108,950 INDEPENDENCE CMNTY BK CO COMMON 453414104 $ 336 7,900 X 7,900 INDYMAC BANCORP INC COMMON 456607100 $ 1,855 53,852 X 53,852 INGERSOLL-RAND COMPANY L COMMON G4776G101 $ 62,098 773,319 X 773,319 INTEGRATED CIRCUIT SYS I COMMON 45811K208 $ 4,875 233,037 X 233,037 INTEL CORP COMMON 458140100 $ 23,083 986,862 X 986,862 INTERLINE BRANDS INC COMMON 458743101 $ 2,374 134,943 X 134,943 INTERNATIONAL BUSINESS M COMMON 459200101 $ 20,853 211,530 X 211,530 INTERNATIONAL PAPER CAP PFD CV 460137300 $ 3,245 64,416 X 64,416 INTERSIL CORP COMMON 46069S109 $ 2,383 142,625 X 142,625 INTL PAPER CO COMMON 460146103 $ 30,851 734,538 X 734,538 INVESTORS FINL SERVICES COMMON 461915100 $ 3,325 66,520 X 66,520 INVITROGEN CORP COMMON 46185R100 $ 1,090 16,235 X 16,235 IVAX CORP COMMON 465823102 $ 1,971 124,566 X 124,566 JACOBS ENGR GROUP INC DE COMMON 469814107 $ 2,447 51,213 X 51,213 JARDEN CORP COMMON 471109108 $ 254 5,850 X 5,850 JOHNSON & JOHNSON COMMON 478160104 $ 48,484 764,498 X 764,498 JOHNSON CTLS INC COMMON 478366107 $ 12,446 196,186 X 196,186 JONES APPAREL GROUP INC COMMON 480074103 $ 1,353 37,008 X 37,008 JPMORGAN & CHASE & CO COMMON 46625H100 $ 23,070 591,390 X 591,390 KAYDON CORP COMMON 486587108 $ 228 6,905 X 6,905 KCS ENERGY INC COMMON 482434206 $ 405 27,405 X 27,405 KELLWOOD CO BND CV 488044AE8 $ 2,409 2,400,000 X 2,400,000 KEMET CORP COMMON 488360108 $ 967 107,989 X 107,989 KENNAMETAL INC COMMON 489170100 $ 1,729 34,741 X 34,741 KEY ENERGY SVCS INC COMMON 492914106 $ 287 24,300 X 24,300 KIRBY CORP COMMON 497266106 $ 289 6,520 X 6,520 KNOLL INC COMMON 498904200 $ 1,621 92,620 X 92,620 KOHLS CORP COMMON 500255104 $ 19,750 401,662 X 401,662 KOMAG INC COMMON 500453204 $ 312 16,600 X 16,600 KROGER CO COMMON 501044101 $ 1,931 110,115 X 110,115 LAFARGE NORTH AMERICA IN COMMON 505862102 $ 9,497 185,064 X 185,064 LAIDLAW INTL INC COMMON 50730R102 $ 261 12,200 X 12,200 LAM RESEARCH CORP COMMON 512807108 $ 527 18,230 X 18,230

Page 7 Gartmore SA Detail LANCASTER COLONY CORP COMMON 513847103 $ 1,078 25,138 X 25,138 LAUDER ESTEE COS INC COMMON 518439104 $ 14,311 312,670 X 312,670 LAWSON SOFTWARE INC COMMON 520780107 $ 1,514 220,361 X 220,361 LEAR CORP COMMON 521865105 $ 1,832 30,033 X 30,033 LEGG MASON INC COMMON 524901105 $ 1,457 19,889 X 19,889 LEGGETT & PLATT INC COMMON 524660107 $ 1,699 59,760 X 59,760 LEHMAN BROS HLDGS INC BND CV 524908LS7 $ 1,010 1,000,000 X 1,000,000 LENNAR CORP COMMON 526057104 $ 3,128 55,182 X 55,182 LIBERTY MEDIA CORP BND CV 530715AR2 $ 4,681 4,770,000 X 4,770,000 LIFEPOINT HOSPITALS INC COMMON 53219L109 $ 717 20,600 X 20,600 LIGHTBRIDGE INC COMMON 532226107 $ 1,218 201,664 X 201,664 LILLY ELI & CO COMMON 532457108 $ 15,154 267,023 X 267,023 LINCOLN NATL CORP IND COMMON 534187109 $ 13,847 296,646 X 296,646 LINENS N THINGS INC COMMON 535679104 $ 1,901 76,641 X 76,641 LOCKHEED MARTIN CORP BND CV 539830AP4 $ 1,422 1,375,000 X 1,375,000 LOCKHEED MARTIN CORP COMMON 539830109 $ 1,616 29,087 X 29,087 LOEWS CORP COMMON 540424207 $ 1,814 62,671 X 62,671 LTX CORP COMMON 502392103 $ 542 70,545 X 70,545 LUBRIZOL CORP COMMON 549271104 $ 1,426 38,686 X 38,686 LYONDELL CHEMICAL CO COMMON 552078107 $ 358 12,375 X 12,375 MACROMEDIA INC COMMON 556100105 $ 432 13,870 X 13,870 MANPOWER INC COMMON 56418H100 $ 3,146 65,139 X 65,139 MARRIOTT INTL INC NEW COMMON 571903202 $ 377 5,990 X 5,990 MARSHALL & ILSLEY CORP COMMON 571834100 $ 3,527 79,803 X 79,803 MARVEL ENTERPRISES INC COMMON 57383M108 $ 373 18,200 X 18,200 MASCO CORP COMMON 574599106 $ 1,009 27,625 X 27,625 MAXIM INTEGRATED PRODS I COMMON 57772K101 $ 2,517 59,372 X 59,372 MAY DEPT STORES CO COMMON 577778103 $ 4,280 145,586 X 145,586 MBNA CORP COMMON 55262L100 $ 15,028 533,101 X 533,101 MCAFEE INC COMMON 579064106 $ 298 10,310 X 10,310 MCDATA CORP COMMON 580031201 $ 1,416 237,570 X 237,570 MCDONALDS CORP COMMON 580135101 $ 42,236 1,317,405 X 1,317,405 MCKESSON FING TR PFD 58155P501 $ 4,101 81,620 X 81,620 MEADWESTVACO CORP COMMON 583334107 $ 13,940 411,320 X 411,320 MEDTRONIC INC BND CV 585055AB2 $ 2,225 2,200,000 X 2,200,000 MELLON FINL CORP COMMON 58551A108 $ 2,598 83,511 X 83,511 MENS WEARHOUSE INC BND CV 587118AB6 $ 778 756,000 X 756,000

Page 8 Gartmore SA Detail MENS WEARHOUSE INC BND CV 587118AC4 $ 126 122,000 X 122,000 MENTOR GRAPHICS CORP BND CV 587200AD8 $ 457 455,000 X 455,000 MERCK & CO INC COMMON 589331107 $ 8,734 271,750 X 271,750 MERIDIAN RESOURCE CORP COMMON 58977Q109 $ 352 58,200 X 58,200 MERRILL LYNCH & CO INC COMMON 590188108 $ 13,613 227,749 X 227,749 METLIFE INC COMMON 59156R108 $ 16,170 399,159 X 399,159 MGIC INVT CORP WIS COMMON 552848103 $ 1,421 20,622 X 20,622 MGM MIRAGE COMMON 552953101 $ 388 5,340 X 5,340 MICROCHIP TECHNOLOGY INC COMMON 595017104 $ 18,000 676,942 X 676,942 MICROSOFT CORP COMMON 594918104 $ 92,721 3,470,086 X 3,470,086 MILLENNIUM PHARMACEUTICA COMMON 599902103 $ 644 53,050 X 53,050 MOHAWK INDS INC COMMON 608190104 $ 1,433 15,709 X 15,709 MONTPELIER RE HOLDINGS L COMMON G62185106 $ 845 21,975 X 21,975 MORGAN STANLEY COMMON 617446448 $ 14,474 260,698 X 260,698 MOSAIC CO COMMON 61945A107 $ 243 14,900 X 14,900 MOTOROLA INC COMMON 620076109 $ 8,041 467,527 X 467,527 MULTIMEDIA GAMES INC COMMON 625453105 $ 266 16,900 X 16,900 NABORS INDS INC BND CV 629568AK2 $ 1,271 1,300,000 X 1,300,000 NABORS INDUSTRIES LTD COMMON G6359F103 $ 34,950 681,420 X 681,420 NATIONAL FINL PARTNERS C COMMON 63607P208 $ 260 6,700 X 6,700 NATIONAL-OILWELL INC COMMON 637071101 $ 2,041 57,825 X 57,825 NATIONWIDE HEALTH PPTYS COMMON 638620104 $ 342 14,400 X 14,400 NCO GROUP INC COMMON 628858102 $ 388 15,000 X 15,000 NCR CORP NEW COMMON 62886E108 $ 11,627 167,945 X 167,945 NETIQ CORP COMMON 64115P102 $ 2,201 180,252 X 180,252 NEW CENTURY FINANCIAL CO COMMON 6435EV108 $ 390 6,105 X 6,105 NEW YORK CMNTY BANCORP I COMMON 649445103 $ 2,806 136,404 X 136,404 NEWELL FINL TR I PFD CV 651195307 $ 2,930 62,500 X 62,500 NEWFIELD EXPL CO COMMON 651290108 $ 1,482 25,100 X 25,100 NII HLDGS INC COMMON 62913F201 $ 280 5,900 X 5,900 NITROMED INC COMMON 654798503 $ 1,353 50,757 X 50,757 NOBLE CORPORATION COMMON G65422100 $ 516 10,373 X 10,373 NOBLE ENERGY INC COMMON 655044105 $ 2,793 45,291 X 45,291 NORDSTROM INC COMMON 655664100 $ 497 10,630 X 10,630 NORFOLK SOUTHERN CORP COMMON 655844108 $ 2,802 77,415 X 77,415 NORTH FORK BANCORPORATIO COMMON 659424105 $ 2,342 81,163 X 81,163 NORTHROP GRUMMAN CORP COMMON 666807102 $ 22,308 410,369 X 410,369

Page 9 Gartmore SA Detail NORTHROP GRUMMAN CORP PFD 666807300 $ 4,066 30,800 X 30,800 NOVELLUS SYS INC COMMON 670008101 $ 2,029 72,740 X 72,740 NRG ENERGY INC COMMON 629377508 $ 1,602 44,442 X 44,442 NUVELO INC COMMON 67072M301 $ 2,352 238,796 X 238,796 NVIDIA CORP COMMON 67066G104 $ 492 20,890 X 20,890 OAK INDS INC BND CV 671400AL3 $ 1,930 1,865,000 X 1,865,000 OFFICE DEPOT INC COMMON 676220106 $ 12,202 702,899 X 702,899 OFFICEMAX INC DEL COMMON 67622P101 $ 11,725 373,642 X 373,642 OFFSHORE LOGISTICS INC COMMON 676255102 $ 227 7,005 X 7,005 OHIO CAS CORP BND CV 677240AC7 $ 176 165,000 X 165,000 OLD REP INTL CORP COMMON 680223104 $ 4,660 184,209 X 184,209 OLIN CORP COMMON 680665205 $ 2,614 118,698 X 118,698 OM GROUP INC COMMON 670872100 $ 276 8,500 X 8,500 OMI CORP BND CV 670874AE6 $ 145 150,000 X 150,000 OMNICELL INC COMMON 68213N109 $ 1,081 98,271 X 98,271 ONEOK INC NEW COMMON 682680103 $ 11,356 399,575 X 399,575 OSHKOSH TRUCK CORP COMMON 688239201 $ 336 4,910 X 4,910 OSI PHARMACEUTICALS INC COMMON 671040103 $ 1,309 17,490 X 17,490 OWENS ILL INC COMMON 690768403 $ 3,111 137,330 X 137,330 PACER INTL INC TENN COMMON 69373H106 $ 1,212 56,996 X 56,996 PACIFIC SUNWEAR CALIF IN COMMON 694873100 $ 3,035 136,349 X 136,349 PACKAGING CORP AMER COMMON 695156109 $ 1,855 78,772 X 78,772 PANERA BREAD CO COMMON 69840W108 $ 2,581 64,018 X 64,018 PANTRY INC COMMON 698657103 $ 1,577 52,416 X 52,416 PAR PHARMACEUTICAL COS I COMMON 69888P106 $ 1,951 47,153 X 47,153 PARKER HANNIFIN CORP COMMON 701094104 $ 12,766 168,550 X 168,550 PARTNERRE LTD COMMON G6852T105 $ 1,764 28,484 X 28,484 PATTERSON COMPANIES INC COMMON 703395103 $ 356 8,200 X 8,200 PATTERSON UTI ENERGY INC COMMON 703481101 $ 2,904 149,286 X 149,286 PAYCHEX INC COMMON 704326107 $ 1,372 40,268 X 40,268 PEABODY ENERGY CORP COMMON 704549104 $ 2,364 29,214 X 29,214 PEGASUS SOLUTIONS INC BND CV 705906AB1 $ 973 1,030,000 X 1,030,000 PENTAIR INC COMMON 709631105 $ 396 9,100 X 9,100 PEPSICO INC COMMON 713448108 $ 8,799 168,572 X 168,572 PER-SE TECHNOLOGIES INC COMMON 713569309 $ 214 13,500 X 13,500 PERKINELMER INC COMMON 714046109 $ 1,634 72,660 X 72,660 PETCO ANIMAL SUPPLIES COMMON 716016209 $ 1,805 45,715 X 45,715

Page 10 Gartmore SA Detail PFIZER INC COMMON 717081103 $ 25,749 957,571 X 957,571 PG&E CORP COMMON 69331C108 $ 10,084 303,000 X 303,000 PHARMACEUTICAL RES INC BND CV 717125AC2 $ 990 1,070,000 X 1,070,000 PHELPS DODGE CORP COMMON 717265102 $ 28,466 287,766 X 287,766 PIER 1 IMPORTS INC COMMON 720279108 $ 942 47,821 X 47,821 PIPER JAFFRAY COS COMMON 724078100 $ 338 7,050 X 7,050 PLACER SIERRA BANCSHARES COMMON 726079106 $ 839 29,496 X 29,496 PLATINUM UNDERWRITER HLD COMMON G7127P100 $ 4,317 138,801 X 138,801 PLATINUM UNDERWRITER HLD PFD G7127P118 $ 1,638 54,500 X 54,500 PLEXUS CORP COMMON 729132100 $ 1,108 85,176 X 85,176 PMI GROUP INC COMMON 69344M101 $ 2,095 50,186 X 50,186 PMI GROUP INC PFD 69344M200 $ 1,527 57,750 X 57,750 PNM RES INC COMMON 69349H107 $ 380 15,037 X 15,037 PPL CORP COMMON 69351T106 $ 3,385 63,540 X 63,540 PRAXAIR INC COMMON 74005P104 $ 477 10,815 X 10,815 PREMCOR INC COMMON 74045Q104 $ 1,226 29,069 X 29,069 PRIDE INTL INC DEL BND CV 74153QAC6 $ 4,216 3,890,000 X 3,890,000 PRIDE INTL INC DEL BND CV 74153QAD4 $ 325 300,000 X 300,000 PROASSURANCE CORP COMMON 74267C106 $ 297 7,600 X 7,600 PROCTER & GAMBLE CO COMMON 742718109 $ 16,163 293,450 X 293,450 PROGRESS ENERGY INC CVO COMMON 743263AA3 $ 150,000 X 150,000 PROTEIN DESIGN LABS INC COMMON 74369L103 $ 768 37,169 X 37,169 PRUDENTIAL FINL INC COMMON 744320102 $ 10,976 199,700 X 199,700 PSS WORLD MED INC COMMON 69366A100 $ 466 37,235 X 37,235 PULTE HOMES INC COMMON 745867101 $ 15,295 239,726 X 239,726 PXRE GROUP LTD COMMON G73018106 $ 1,260 49,965 X 49,965 QLOGIC CORP COMMON 747277101 $ 640 17,420 X 17,420 QUALCOMM INC COMMON 747525103 $ 8,867 209,130 X 209,130 QUANTUM CORP BND CV 747906AE5 $ 486 495,000 X 495,000 QUEST SOFTWARE INC COMMON 74834T103 $ 508 31,820 X 31,820 QUESTAR CORP COMMON 748356102 $ 3,882 76,185 X 76,185 QUICKSILVER RESOURCES IN COMMON 74837R104 $ 432 11,733 X 11,733 QWEST COMMUNICATIONS INT COMMON 749121109 $ 25,882 5,829,223 X 5,829,223 RADIAN GROUP INC COMMON 750236101 $ 3,621 68,010 X 68,010 RADIOSHACK CORP COMMON 750438103 $ 4,345 132,155 X 132,155 RADWARE LTD COMMON M81873107 $ 1,502 57,464 X 57,464 RAILAMERICA INC COMMON 750753105 $ 286 21,887 X 21,887

Page 11 Gartmore SA Detail RALCORP HLDGS INC NEW COMMON 751028101 $ 4,368 104,175 X 104,175 RAYOVAC CORP COMMON 755081106 $ 1,538 50,341 X 50,341 RAYTHEON CO COMMON 755111507 $ 9,704 249,900 X 249,900 READERS DIGEST ASSN INC COMMON 755267101 $ 1,790 128,683 X 128,683 REEBOK INTL LTD BND CV 758110AH3 $ 4,296 3,950,000 X 3,950,000 RESMED INC BND CV 761152AB3 $ 983 930,000 X 930,000 REYNOLDS AMERICAN INC COMMON 761713106 $ 11,297 143,725 X 143,725 ROBERT HALF INTL INC COMMON 770323103 $ 1,450 49,253 X 49,253 ROYAL CARIBBEAN CRUISES COMMON V7780T103 $ 15,988 293,680 X 293,680 RPM INTL INC COMMON 749685103 $ 1,462 74,366 X 74,366 RUBY TUESDAY INC COMMON 781182100 $ 1,877 71,963 X 71,963 SAFEWAY INC COMMON 786514208 $ 1,042 52,762 X 52,762 SAKS INC COMMON 79377W108 $ 174 12,000 X 12,000 SANMINA SCI CORP COMMON 800907107 $ 3,419 403,660 X 403,660 SAP AKTIENGESELLSCHAFT COMMON 803054204 $ 256 5,800 X 5,800 SAXON CAP INC NEW COMMON 80556T106 $ 254 10,600 X 10,600 SBC COMMUNICATIONS INC COMMON 78387G103 $ 11,726 455,031 X 455,031 SCHERING PLOUGH CORP COMMON 806605101 $ 2,200 105,360 X 105,360 SCHLUMBERGER LTD BND CV 806857AD0 $ 1,739 1,610,000 X 1,610,000 SCHLUMBERGER LTD COMMON 806857108 $ 27,166 405,770 X 405,770 SEAGATE TECHNOLOGY COMMON G7945J104 $ 1,488 86,181 X 86,181 SEALED AIR CORP NEW BND CV 81211KAG5 $ 4,650 4,515,000 X 4,515,000 SEMPRA ENERGY COMMON 816851109 $ 12,517 341,235 X 341,235 SEPRACOR INC COMMON 817315104 $ 816 13,740 X 13,740 SHIRE PHARMACEUTICALS GR COMMON 82481R106 $ 15,477 484,400 X 484,400 SIEBEL SYS INC COMMON 826170102 $ 3,690 351,743 X 351,743 SIGMATEL INC COMMON 82661W107 $ 392 11,030 X 11,030 SILICON IMAGE INC COMMON 82705T102 $ 308 18,720 X 18,720 SIMON PPTY GROUP INC NEW PFD CV 828806802 $ 3,856 65,115 X 65,115 SL GREEN RLTY CORP COMMON 78440X101 $ 278 4,586 X 4,586 SMITHFIELD FOODS INC COMMON 832248108 $ 299 10,100 X 10,100 SOUTHWEST AIRLS CO COMMON 844741108 $ 15,848 973,473 X 973,473 SOVEREIGN CAP TR IV PFD CV 846048205 $ 4,097 84,050 X 84,050 SPRINT CORP COMMON 852061100 $ 13,885 558,770 X 558,770 ST JUDE MED INC COMMON 790849103 $ 15,548 370,800 X 370,800 STARWOOD HOTELS&RESORTS COMMON 85590A203 $ 44,039 754,098 X 754,098 STERIS CORP COMMON 859152100 $ 1,606 67,696 X 67,696

Page 12 Gartmore SA Detail STORAGE TECHNOLOGY CORP COMMON 862111200 $ 1,823 57,671 X 57,671 SUNGARD DATA SYS INC COMMON 867363103 $ 2,519 88,933 X 88,933 SUNOCO INC COMMON 86764P109 $ 4,698 57,493 X 57,493 SYNOPSYS INC COMMON 871607107 $ 1,105 56,523 X 56,523 TAKE-TWO INTERACTIVE SOF COMMON 874054109 $ 1,053 30,279 X 30,279 TARGET CORP COMMON 87612E106 $ 18,542 357,060 X 357,060 TECH DATA CORP COMMON 878237106 $ 428 9,435 X 9,435 TETRA TECH INC NEW COMMON 88162G103 $ 1,336 79,795 X 79,795 TEVA PHARMACEUTICAL FIN BND CV 88164RAB3 $ 1,172 1,155,000 X 1,155,000 TEXAS INSTRS INC COMMON 882508104 $ 12,060 489,849 X 489,849 TEXTRON INC COMMON 883203101 $ 385 5,220 X 5,220 THERMO ELECTRON CORP COMMON 883556102 $ 9,939 329,205 X 329,205 THOMAS & BETTS CORP COMMON 884315102 $ 322 10,480 X 10,480 TIME WARNER INC COMMON 887317105 $ 24,768 1,273,403 X 1,273,403 TIMKEN CO COMMON 887389104 $ 1,427 54,860 X 54,860 TOYS R US INC COMMON 892335100 $ 1,907 93,167 X 93,167 TRANSOCEAN INC COMMON G90078109 $ 15,525 366,234 X 366,234 TRIAD HOSPITALS INC COMMON 89579K109 $ 13,221 355,295 X 355,295 TUPPERWARE CORP COMMON 899896104 $ 1,705 82,296 X 82,296 TXI CAP TR I PFD 873119200 $ 344 6,800 X 6,800 TXU CORP COMMON 873168108 $ 14,569 225,665 X 225,665 TYCO INTL LTD NEW COMMON 902124106 $ 67,395 1,885,714 X 1,885,714 TYSON FOODS INC COMMON 902494103 $ 9,730 528,800 X 528,800 U S I HLDGS COMMON 90333H101 $ 2,824 244,045 X 244,045 U S XPRESS ENTERPRISES I COMMON 90338N103 $ 231 7,900 X 7,900 UAP HLDG CORP COMMON 903441103 $ 2,670 154,631 X 154,631 UNITED RENTALS INC COMMON 911363109 $ 1,435 75,928 X 75,928 UNITED RENTALS TR I PFD CV 91136H306 $ 972 22,530 X 22,530 UNITED STATES STL CORP N COMMON 912909108 $ 2,145 41,862 X 41,862 UNITEDHEALTH GROUP INC COMMON 91324P102 $ 62,023 704,562 X 704,562 UNIVERSAL FST PRODS INC COMMON 913543104 $ 239 5,500 X 5,500 URS CORP NEW COMMON 903236107 $ 2,026 63,122 X 63,122 USF CORP COMMON 91729Q101 $ 213 5,600 X 5,600 VALEANT PHARMACEUTICALS COMMON 91911X104 $ 843 31,980 X 31,980 VERITAS SOFTWARE CO COMMON 923436109 $ 1,302 45,613 X 45,613 VERIZON COMMUNICATIONS COMMON 92343V104 $ 10,741 265,150 X 265,150 VIACOM INC COMMON 925524308 $ 10,112 277,888 X 277,888

Page 13 Gartmore SA Detail VNUS MED TECHNOLOGIES IN COMMON 928566108 $ 1,030 76,206 X 76,206 WABASH NATL CORP COMMON 929566107 $ 2,702 100,318 X 100,318 WABTEC CORP COMMON 929740108 $ 269 12,600 X 12,600 WACHOVIA CORP 2ND NEW COMMON 929903102 $ 52,597 999,940 X 999,940 WADDELL & REED FINL INC COMMON 930059100 $ 3,342 139,877 X 139,877 WAL MART STORES INC COMMON 931142103 $ 21,208 401,512 X 401,512 WASTE CONNECTIONS INC COMMON 941053100 $ 324 9,455 X 9,455 WATSON PHARMACEUTICALS I BND CV 942683AC7 $ 3,914 3,800,000 X 3,800,000 WEBSTER FINL CORP CONN COMMON 947890109 $ 294 5,805 X 5,805 WELLMAN INC COMMON 949702104 $ 213 19,900 X 19,900 WELLPOINT INC COMMON 94973V107 $ 18,048 156,942 X 156,942 WESTAR ENERGY INC COMMON 95709T100 $ 409 17,900 X 17,900 WESTERN DIGITAL CORP COMMON 958102105 $ 222 20,500 X 20,500 WESTERN GAS RES INC COMMON 958259103 $ 377 12,900 X 12,900 WESTWOOD ONE INC COMMON 961815107 $ 1,447 53,714 X 53,714 WILLIAMS COS INC DEL COMMON 969457100 $ 23,419 1,437,612 X 1,437,612 WILSON GREATBATCH TECHNO BND CV 972232AB8 $ 1,106 1,225,000 X 1,225,000 WISCONSIN ENERGY CORP COMMON 976657106 $ 411 12,200 X 12,200 WPS RESOURCES CORP COMMON 92931B106 $ 385 7,700 X 7,700 XEROX CORP COMMON 984121103 $ 9,563 562,200 X 562,200 XILINX INC COMMON 983919101 $ 1,666 56,140 X 56,140 XM SATELLITE RADIO HLDGS COMMON 983759101 $ 280 7,440 X 7,440 XTO ENERGY INC COMMON 98385X106 $ 928 26,219 X 26,219 ZALE CORP NEW COMMON 988858106 $ 314 10,500 X 10,500 ZIONS BANCORPORATION COMMON 989701107 $ 31,783 467,191 X 467,191

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GARTMORE SA CAPITAL TRUST 13F-HR