13F-HR 1 e90289_13f-hr.txt FORM 13F ------------------------------- | OMB APPROVAL | ------------------------------- | OMB Number: 3235-0006 | | Expires: October 31, 2003 | | Estimated average | | burden hours per | | response: ......... 24.60 | ------------------------------- ------------------------------- | SEC USE ONLY | ------------------------------- | | | | | | ------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Report for the Calendar Year of Quarter Ended 30th September, 2002. If amended report check here: |_| DnB ASSET MANAGEMENT (US), INC. -------------------------------------------------------------------------------- Name of Institutional Investment Manager 52 Vanderbilt Ave., 12th Fl. New York NY 10017 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) STEFAN L. CARLSSON 212-551-9800 PRESIDENT -------------------------------------------------------------------------------- Name, Phone No., and Title of Person Duly Authorized to Submit This Report. ATTENTION -------------------------------------------------------------------------------- Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------------------------------------------------------- The institutional investment manager submitting this Form and its attachments and the person by whom it is signed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on its behalf in the City of NEW YORK and State of NY on the 5th day of November, 2002. DnB ASSET MANAGEMENT (US), INC. ------------------------------------------ (Name of Institutional Investment Manager) /s/ STEFAN L. CARLSSON ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filled (other than the one filing this report): (List in alphabetical order). 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. Name: 13F File No.: Name: 13F File No.: -------------------------------------- -------------------------------------- 1. 6. -------------------------------------- -------------------------------------- 2. 7. -------------------------------------- -------------------------------------- 3. 8. -------------------------------------- -------------------------------------- 4. 9. -------------------------------------- -------------------------------------- 5. 10. -------------------------------------- -------------------------------------- FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 227 Form 13F Information Table Value Total: 2,666,380,500 DnB Asset Management (US), Inc. FORM 13F Name of Reporting Manager: Stefan L. Carlsson As of 9/30/02

Item 6: Item 7: Investment Managers Item 4: Item 5: Discretion Voting Authority Item 3: Fair Shares of ------------------- ---------------------~~---~~ Item 1: Item 2: CUSIP Market Principal Sole Shared Other Sole Shared None Name of Issuer Title of Class Number Value Amount (A) (B) (C) (A) (B) (C) -------------------- -------------- ---------- --------- ---------- ------------------- ---------------------~~---~~ ~~QUOTATION~~3M ~~CURRENCY:~~Co ~~USD Agilent Technologies Inc~~ Common ~~00846U101~~88579Y101 416,~~726~~052,~~689~~321 ~~199~~145,~~860~~970 SHSOLE ~~199~~145,~~860~~970 ~~199,860~~Abbott ~~ALCOA~~Laboratories ~~Inc~~ Common ~~013817101~~002824100 1025,~~821~~352,~~983~~535 ~~326~~627,~~455~~538 SHSOLE ~~326~~627,~~455~~538 ~~326,455~~Affiliated ~~Albertson's~~Computer ~~Inc~~Services-A Common ~~013104104~~008190100 58,~~072~~625,~~199~~097 ~~166~~202,~~520~~705 SHSOLE ~~166~~202,~~520~~705 ~~166,520~~Aflac ~~Abbott~~Inc. ~~Laboratories~~ Common ~~002824100~~001055102 2715,~~126~~142,~~072~~724 ~~720~~493,~~480~~409 SHSOLE ~~720~~493,~~480~~409 ~~720,480~~Agere ~~Affiliated~~Systems ~~Computer~~Inc ~~Services-~~A Common ~~008190100~~00845V100 917,~~042,091~~049 ~~190~~15,~~440~~499 SHSOLE ~~190~~15,~~440~~499 ~~190,440~~Agere ~~Analog~~Systems ~~Devices~~Inc B Common ~~313400301~~00845V209 5376,~~461,979~~185 ~~183~~379,~~905~~985 SHSOLE ~~183~~379,~~905~~985 ~~183,905~~Agilent ~~Automatic~~Technologies ~~Data~~Inc Common ~~053015103~~00846U101 162,~~844~~675,~~313~~406 ~~386~~204,~~781~~855 SHSOLE ~~386~~204,~~781~~855 ~~386,781~~Air ~~Ameren~~Prods ~~Corporation~~& Chem Common ~~313400301~~009158106 5,~~761~~279,~~835~~396 ~~133~~125,~~965~~670 SHSOLE ~~133~~125,~~965~~670 ~~133,965~~Albertson's ~~American~~Inc ~~Electric Power~~ Common ~~025537101~~013104104 64,~~308~~123,~~553~~750 ~~157~~170,~~635~~685 SHSOLE ~~157~~170,~~635~~685 ~~157,635~~ALCOA ~~Aflac~~ Inc. Common ~~001055102~~013817101 126,~~761~~458,~~280~~167 ~~398~~334,~~790~~620 SHSOLE ~~398~~334,~~790~~620 ~~398~~Allstate Corp Common 020002101 9,~~790~~235,890 ~~Agere~~259,800 ~~Systems~~SOLE ~~Inc~~259,800 AAmeren Corporation Common ~~549463107~~313400301 215,~~152~~719,586 15137,~~108~~325 SHSOLE 15137,~~108~~325 15American Electric Power Common 025537101 4,~~108~~606,504 ~~Agere~~161,575 ~~Systems~~SOLE ~~Inc~~161,575 BAmerican Express Co Common ~~549463107~~532716107 ~~556~~20,~~160~~283,057 ~~370~~650,~~773~~515 SHSOLE ~~370~~650,~~773~~515 ~~370,773~~ American Intl Group Inc Common 026874107 6050,~~507~~172,~~115~~262 ~~886~~917,~~811~~226 SHSOLE ~~886~~917,~~811~~226 ~~886,811~~Amgen ~~Allstate~~Inc ~~Corp~~ Common ~~020002101~~031162100 917,~~372~~079,~~581~~069 ~~253~~409,~~450~~570 SHSOLE ~~253~~409,~~450~~570 ~~253,450~~Anadarko ~~Applied~~Petroleum ~~Materials~~ Common ~~038222105~~032511107 2011,~~333~~501,~~902~~565 1258,~~069~~230 SOLE 258,~~080~~230 SHAnalog 1Devices Common 313400301 3,~~069~~713,~~080~~449 1188,~~069~~500 SOLE 188,~~080~~500 ~~Amgen~~Anheuser-Busch Companies Inc. Common ~~031162100~~035229103 1618,~~734~~831,~~410~~549 ~~399~~372,~~580~~165 SHSOLE ~~399~~372,~~580~~165 ~~399,580~~ AOL Time Warner Inc Common 00184A105 2719,~~599~~432,~~711~~295 1,~~876~~660,~~255~~880 SHSOLE 1,~~876~~660,~~255~~880 ~~1,876,255~~Applied ~~Anadarko~~Materials ~~Petroleum~~ Common ~~032511107~~038222105 12,~~203~~548,~~476~~325 ~~247~~1,~~535~~086,435 SHSOLE ~~247~~1,~~535 247~~086,~~535~~435 ~~Air Prods~~ AT&T ~~Chem~~Corp Common ~~009158106~~001957109 615,~~187~~959,~~874~~728 ~~122~~1,~~605~~328,870 SHSOLE ~~122~~1,~~605 122~~328,~~605~~870 AuAT&T ~~Optronics~~Wireless ~~ADR~~services Inc Common ~~2255107~~00209A106 ~~229~~3,~~356~~658,848 27888,~~600~~070 SHSOLE 27888,~~600~~070 ~~27,600~~Automatic ~~Avon~~Data ~~Products~~ Common ~~054303102~~053015103 613,~~066~~928,~~892~~548 ~~116~~400,~~135~~591 SHSOLE ~~116~~400,~~135~~591 ~~116,135~~ Avery Dennison Corporation Common 053611109 65,~~183~~754,~~385~~980 98101,~~540~~000 SHSOLE 98101,~~540~~000 98Avon Products Common 054303102 5,~~540~~487,745 ~~AT&T~~119,040 ~~Wireless~~SOLE ~~services~~119,040 Baker Hughes Inc. Common ~~00209A1060~~057224107 5,~~068~~944,~~469~~183 ~~866~~204,~~405~~760 SHSOLE ~~866~~204,~~405~~760 ~~866,405~~Bank ~~American~~of ~~Express~~America Co Common ~~532716107~~060505104 2133,~~262~~845,~~273~~262 ~~585~~530,~~415~~490 SHSOLE ~~585~~530,~~415~~490 ~~585,415~~Bank ~~Boeing~~of CONew York Common ~~097023105~~064057102 129,~~974~~742,~~850~~428 ~~288~~338,~~330~~985 SHSOLE ~~288~~338,~~330~~985 ~~288,330~~ Bank ofOne ~~America~~Corp Common ~~060505104~~06423A103 3616,~~415~~299,~~170~~481 ~~517~~435,~~555~~815 SHSOLE ~~517~~435,~~555~~815 ~~517,555~~ Baxter International Inc Common 071813109 107,~~180~~171,~~161~~765 ~~229~~234,~~025~~755 SHSOLE ~~229~~234,~~025~~755 ~~229~~Becton Dickinson Common 075887109 4,~~025~~307,286 151,665 SOLE 151,665 Bed Bath & Beyond Inc Common 075896100 1715,~~378~~755,~~138~~736 ~~460~~483,~~470~~750 SHSOLE ~~460~~483,~~470~~750 ~~460~~Bellsouth Corp Common 079860102 11,~~470~~756,367 640,325 SOLE 640,325 Best Buy Co Inc Common 086516101 92,~~749~~753,~~309~~835 ~~268~~123,~~576~~435 SHSOLE ~~268~~123,~~576~~435 ~~268,576~~Biomet ~~Becton~~Inc. ~~Dickinson~~ Common ~~075887109~~313400301 5,~~097~~662,~~394~~604 ~~147~~212,~~965~~640 SHSOLE ~~147~~212,~~965~~640 ~~147,965~~Block ~~Baker~~H&R ~~Hughes~~Incorporated ~~Inc.~~ Common ~~057224107~~093671105 6,~~650,~~177,570 ~~199~~147,~~765~~050 SHSOLE ~~199~~147,~~765~~050 ~~199~~Boeing CO Common 097023105 10,~~765~~086,609 ~~Bank~~295,535 ofSOLE ~~New~~295,535 ~~York~~Bristol Myers Common ~~064057102~~110122108 1116,~~161~~986,~~631~~179 ~~330~~713,~~715~~705 SHSOLE ~~330~~713,~~715~~705 ~~330,715~~Broadcom ~~Bellsouth~~ Corp Common ~~079860102~~111320107 19416,~~678~~733 39,~~208~~020 ~~624~~SOLE 39,~~705~~020 SHBurlington ~~624~~North Common 12189T104 6,~~705~~848,416 ~~624~~286,~~705~~305 ~~Biomet~~SOLE 286,305 Burlington Resources Inc. Common 313400301 5,~~626~~388,~~044~~238 ~~207~~140,~~450~~465 SHSOLE ~~207~~140,~~450~~465 ~~207,450~~Capital ~~Bristol~~One ~~Myers~~Financial Corp Common ~~110122108~~14040H105 173,~~894~~543,~~910~~472 ~~696~~101,~~300~~474 SHSOLE ~~696~~101,~~300~~474 ~~696~~Cardinal Health Inc Common 14149Y108 23,~~300~~922,492 ~~Burlington~~384,606 ~~North~~SOLE 384,606 Caterpillar Inc Common ~~12189T104~~149123101 85,~~379~~770,~~450~~216 ~~279~~155,~~315~~030 SHSOLE ~~279~~155,~~315~~030 ~~279~~Cendant Corp Common 151313103 4,~~315~~770,446 ~~Burlington~~443,350 ~~Resources~~SOLE ~~Inc.~~443,350 Charles Schwab Corp Common ~~313400301~~808513105 5,~~207~~830,~~330~~913 ~~137~~670,~~035~~220 SHSOLE ~~137~~670,~~035~~220 ~~137~~Chevron Texaco Corp Common 166764100 26,~~035~~442,420 ~~Broadcom~~381,840 SOLE 381,840 Chubb Corp Common ~~111320107~~171232101 ~~656~~4,~~259~~379,820 3779,~~415~~880 SHSOLE 3779,~~415~~880 37Cigna Corp Common 313400301 5,~~415~~807,867 ~~Anheuser-Busch~~82,090 ~~Companies~~SOLE 82,090 Cisco Systems Inc. Common ~~035229103~~17275R102 1838,~~154~~214,~~750~~691 ~~363~~3,~~095~~646,440 SHSOLE ~~363~~3,~~095 363~~646,~~095~~440 Citigroup Common 172967101 8266,~~584~~387,~~775~~774 2,~~131~~239,~~220~~048 SHSOLE 2,~~131~~239,~~220~~048 2Clear Channel Communications Common 184502102 12,~~131~~403,~~220~~282 ~~Conagra~~356,929 ~~Foods~~SOLE ~~Inc~~356,929 Coca-Cola Co Common ~~205887102~~191216100 741,~~239~~638,~~047~~872 ~~261~~868,~~810~~200 SHSOLE ~~261~~868,~~810~~200 ~~261~~Colgate- Palmolive Co Common 194162103 4,~~810~~028,716 ~~Cardinal~~74,675 ~~Health~~SOLE ~~Inc~~74,675 Comcast Corp K Common ~~14149Y108~~200300200 2212,~~599~~654,~~863~~636 ~~368~~606,~~016~~646 SHSOLE ~~368~~606,~~016~~646 ~~368~~Comerica Inc Common 313400301 4,~~016~~515,321 ~~Caterpillar~~93,640 SOLE 93,640 Conagra Foods Inc Common ~~149123101~~205887102 76,~~403~~668,~~688~~622 ~~151~~268,~~250~~355 SHSOLE ~~151~~268,~~250~~355 ~~151~~Concord EFS Inc Common 206197105 6,~~250~~317,698 ~~Chubb~~397,840 ~~Corp~~SOLE 397,840 Consolidated Edison Inc. Common ~~171232101~~313400301 5,~~516~~515,~~736~~167 77137,~~920~~125 SHSOLE 77137,~~920~~125 77Costco Wholesale Common 22160K105 6,~~920~~681,006 ~~Clear~~206,395 ~~Channel~~SOLE ~~Communications~~206,395 CVS Corp Common ~~184502102~~126650100 115,~~229~~225,~~254~~775 ~~350~~206,~~695~~145 SHSOLE ~~350~~206,~~695~~145 ~~350,695~~Deere ~~Cendant~~& ~~Corp~~Co Common ~~151313103~~244199105 6,~~868~~094,~~656~~163 ~~432~~134,~~535~~085 SHSOLE ~~432~~134,~~535~~085 ~~432,535~~Dell ~~Concord~~Computer ~~EFS~~Corporation ~~Inc~~ Common ~~206197105~~247025109 1127,~~547~~396,~~086~~908 ~~383~~1,~~115~~165,330 SHSOLE ~~383~~1,~~115 383~~165,~~115~~330

DnB Asset Management (US), Inc. FORM 13F Name of Reporting Manager: Stefan L. Carlsson As of 9/30/02

Item 6: Item 7: Investment Managers Item 4: Item 5: Discretion Voting Authority Item 3: Fair Shares of ------------------- ---------------------~~----~~ Item 1: Item 2: CUSIP Market Principal Sole Shared Other Sole Shared None Name of Issuer Title of Class Number Value Amount (A) (B) (C) (A) (B) (C) -------------------- -------------- ---------- --------- ---------- ------------------- ---------------------~~----~~ ~~Cigna~~Delphi Corp Common ~~313400301~~247126105 73,~~800~~096,~~907~~169 80362,~~075~~125 SHSOLE 80362,~~075~~125 ~~80,075~~Dominion ~~Colgate-Palmolive~~Resources CoInc/Va Common ~~194162103~~25746U109 36,~~511~~581,~~008~~963 70129,~~150~~745 SHSOLE 70129,~~150~~745 ~~70,150~~DoubleClick ~~Comerica~~ Inc Common ~~313400301~~258609304 556,~~609,197~~154 9110,~~355~~925 SHSOLE 9110,~~355~~925 ~~91,355~~Dover ~~Comcast~~Corporation ~~Corp K~~ Common ~~200300200~~260003108 154,~~054~~280,~~841~~464 ~~631~~168,~~495~~655 SHSOLE ~~631~~168,~~495~~655 ~~631,495~~Dow ~~Capital~~Chemical ~~One~~Co ~~Financial Corp~~ Common ~~14040H105~~260543103 1410,~~505~~326,~~175~~593 ~~237~~378,~~595~~125 SHSOLE ~~237~~378,~~595~~125 ~~237,595~~DTE ~~Costco~~Energy ~~Wholesale~~Company Common ~~22160K105~~313400301 75,~~776~~220,~~523~~588 ~~201~~128,~~360~~270 SHSOLE ~~201~~128,~~360~~270 ~~201,360~~Du ~~Cisco~~Pont ~~Systems Inc~~ Common ~~17275R102~~263534109 4913,~~783~~649,~~016~~429 3378,~~568,675~~415 SHSOLE 3378,~~568,675~~415 ~~3,568,675~~Duke ~~CVS~~Energy Corp Common ~~126650100~~264399106 6,~~154~~782,~~119~~090 ~~201~~346,~~115~~910 SHSOLE ~~201~~346,~~115~~910 ~~201,115~~Eastman ~~Chevron~~Kodak ~~Texaco~~Co ~~Corp~~ Common ~~166764100~~277461109 325,~~968~~160,~~463~~346 ~~372~~189,~~525~~440 SHSOLE ~~372~~189,~~525~~440 ~~372~~Ectel Ltd Common 001083823 565,~~525~~524 ~~Dominion~~68,300 ~~Resources~~SOLE ~~Inc/Va~~68,300 El Paso Corp Common ~~25746U109~~28336L109 82,~~379~~903,~~596~~515 ~~126~~351,~~580~~090 SHSOLE ~~126~~351,~~580~~090 ~~126,580~~Electronic ~~DoubleClick~~Arts Inc. Common ~~258609304~~285512109 791,~~206~~616,020 1024,~~925~~500 SHSOLE 1024,~~925~~500 ~~10,925~~Electronic DuData ~~Pont~~System Common ~~263534109~~285661104 162,~~391~~700,~~814~~727 ~~369~~193,185 SHSOLE ~~369~~193,185 ~~369,185~~Eli ~~Deere~~Lilly &and Co Common ~~244199105~~532457108 620,~~265~~022,~~799~~842 ~~130~~361,~~810~~815 SHSOLE ~~130~~361,~~810~~815 ~~130,810~~EMC ~~Dell~~Corp ~~Computer Corporation~~ Common ~~247025109~~268648102 295,~~526~~296,~~306~~721 1,~~129~~159,~~545~~020 SHSOLE 1,~~129~~159,~~545~~020 1Emerson Electric Common 291011104 9,~~129~~574,~~545~~966 ~~Walt~~217,910 ~~Disney~~SOLE Co217,910 Entergy Corp Common ~~254687106~~29364G103 145,~~494~~394,~~316~~480 ~~766~~129,~~895~~675 SHSOLE ~~766~~129,~~895~~675 ~~766,895~~Equity ~~Dover~~Office ~~Corporation~~PropertiesSOLE Trust Common ~~260003108~~294741103 5,~~759~~656,~~075~~258 ~~164~~219,~~545~~065 SHSOLE ~~164~~219,~~545~~065 ~~164,545~~Exelon ~~Dow~~Corp ~~Chemical Co~~ Common ~~260543103~~30161N101 126,~~682~~930,~~782~~012 ~~368~~145,~~900~~895 SHSOLE ~~368~~145,~~900~~895 ~~368,900~~Exxon ~~Delphi~~Mobil Corp Common ~~247126105~~30231G102 480,~~663~~703,~~560~~968 ~~353~~2,~~300~~529,905 SHSOLE ~~353~~2,~~300 353~~529,~~300~~905 ~~DTE~~Fannie ~~Energy~~Mae ~~Company~~ Common ~~313400301~~313586109 528,~~586~~656,~~026~~303 ~~125~~481,~~135~~295 SHSOLE ~~125~~481,~~135~~295 ~~125,135~~FedEx ~~Duke~~Corporation ~~Energy Corp~~ Common ~~264399106~~31428X106 107,~~525~~520,~~640~~514 ~~338~~150,~~445~~200 SHSOLE ~~338~~150,~~445~~200 ~~338,445~~Fifth ~~Ectel~~Third ~~Ltd~~Bancorp Common ~~001083823~~316773100 ~~873~~25,~~480~~396,062 75414,~~300~~765 SHSOLE 75414,~~300~~765 75First Data Corp Common 319963104 17,~~300~~965,142 ~~Consolidated~~642,760 ~~Edison~~SOLE 642,760 Fiserv Inc. Common 313400301 53,~~585~~962,~~524~~229 ~~133~~141,~~785~~105 SHSOLE ~~133~~141,~~785~~105 ~~133,785~~FleetBoston ~~Electronic~~Finl ~~Data System~~ Common ~~285661104~~339030108 78,~~001~~311,~~289~~717 ~~188~~408,~~460~~840 SHSOLE ~~188~~408,~~460~~840 ~~188,460~~Ford ~~Eastman~~Motor ~~Kodak~~ Co Common ~~277461109~~345370860 57,~~391~~666,~~345~~344 ~~184~~782,~~825~~280 SHSOLE ~~184~~782,~~825~~280 ~~184,825~~Fortune ~~EMC~~Brands ~~Corp~~Inc. Common ~~268648102~~313400301 85,~~537~~025,~~125~~981 1106,~~130~~280 SOLE 106,~~745~~280 SHFPL 1Group Inc. Common 302571104 5,~~130~~382,~~745~~421 1100,~~130~~045 SOLE 100,~~745~~045 ~~Emerson~~Freddie ~~Electric~~Mac Common ~~291011104~~313400301 1113,~~375~~309,~~958~~790 ~~212~~238,~~595~~100 SHSOLE ~~212~~238,~~595~~100 ~~212,595~~Gannett ~~Equity~~Co ~~Office~~Inc ~~Properties Trust~~ Common ~~294741103~~364730101 68,~~433~~860,~~123~~095 ~~213~~122,~~725~~750 SHSOLE ~~213~~122,~~725~~750 ~~213,725~~General ElDynamics ~~Paso Corp~~ Common ~~28336L109~~369550108 75,~~059~~095,~~337~~732 ~~342~~62,~~520~~655 SHSOLE ~~342~~62,~~520~~655 ~~342,520~~General ~~Electronic~~Electric ~~Arts Inc.~~ Common ~~285512109~~369604103 199,~~869~~523,~~215~~267 284,~~300~~037,455 SHSOLE 284,~~300 28~~037,~~300~~455 ~~Entergy~~General ~~Corp~~Mills Inc Common ~~29364G103~~370334104 56,~~369~~447,~~084~~341 ~~126~~145,~~510~~145 SHSOLE ~~126~~145,~~510~~145 ~~126,510~~General ~~Exelon~~Motors ~~Corp~~H Common ~~30161N101~~370442832 73,~~443~~579,~~859~~708 ~~142~~391,~~330~~225 SHSOLE ~~142~~391,~~330~~225 ~~142,330~~Genuine ~~Ford~~Parts ~~Motor~~ Co Common ~~345370860~~372460105 126,~~211~~541,~~120~~640 ~~763~~213,~~195~~500 SHSOLE ~~763~~213,~~195~~500 ~~763,195~~Gillette ~~FleetBoston~~Co ~~Finl~~ Common ~~339030108~~375766102 1211,~~903~~239,~~283~~268 ~~398~~379,~~865~~705 SHSOLE ~~398~~379,~~865~~705 ~~398,865~~Globespan ~~First~~Virata ~~Data~~Inc. ~~Corp~~ Common ~~319963104~~37957V106 2232,~~911,480~~804 ~~615~~13,900 SHSOLE ~~615~~13,900 ~~615,900~~GM ~~FedEx Corporation~~ Common ~~31428X106~~370442105 7,~~824~~514,~~702~~897 ~~146~~193,~~530~~185 SHSOLE ~~146~~193,~~530~~185 ~~146,530~~Goldman ~~Fiserv~~Sachs Group Inc. Common ~~313400301~~539830109 56,~~053~~041,~~682~~085 ~~137~~91,~~665~~490 SHSOLE ~~137~~91,~~665~~490 ~~137~~Guidant Corporation Common 401698105 5,~~665~~576,383 ~~Fifth~~172,590 ~~Third~~SOLE ~~Bancorp~~172,590 Halliburton Co Common ~~316773100~~406216101 264,~~426~~387,~~059~~335 ~~396~~339,~~490~~840 SHSOLE ~~396~~339,~~490~~840 ~~396,490~~Harley ~~Fannie~~Davidson ~~Mae~~Inc. Common ~~313586109~~412822108 3414,~~205~~244,~~988~~590 ~~463~~306,~~810~~665 SHSOLE ~~463~~306,~~810~~665 ~~463~~Hartford Finl Common 416515104 4,~~810~~661,905 ~~Fortune~~113,705 ~~Brands~~SOLE 113,705 HCA Inc. Common ~~313400301~~404119109 59,~~806~~597,~~360~~462 ~~103~~201,~~685~~585 SHSOLE ~~103~~201,~~685~~585 ~~103,685~~Heinz ~~FPL~~(H.J.) ~~Group Inc~~Co. Common ~~302571104~~423074103 5,~~855~~916,~~324~~835 97177,~~605~~310 SHSOLE 97177,~~605~~310 ~~97,605~~Hewlett ~~Freddie~~Packard ~~Mac~~ Common ~~313400301~~428236103 1412,~~215~~844,~~842~~527 ~~232~~1,~~285~~100,645 SHSOLE ~~232~~1,~~285 232~~100,~~285~~645 ~~Gillette~~Home CoDepot Incorporated Common ~~375766102~~437076102 1223,~~547~~331,~~142~~312 ~~370~~893,~~450~~920 SHSOLE ~~370~~893,~~450~~920 ~~370~~Household Intl Common 441815107 5,~~450~~481,382 ~~Gannett~~193,620 CoSOLE ~~Inc~~193,620 IBM Common ~~364730101~~459200101 944,~~089~~475,~~784~~370 ~~119~~761,~~760~~695 SHSOLE ~~119~~761,~~760~~695 ~~119,760~~Illinois ~~General~~Tool ~~Dynamics~~Works Common ~~369550108~~452308109 6,~~500~~900,~~644~~730 61118,~~125~~305 SHSOLE 61118,~~125~~305 ~~61,125~~Ingersoll-Rand ~~Guidant~~Co. ~~Corporation~~A Common ~~401698105~~539830109 53,~~089~~900,~~976~~158 ~~168~~113,~~375~~245 SHSOLE ~~168~~113,~~375~~245 ~~168,375~~Intel ~~General~~Corporation ~~Electric~~ Common ~~369604103~~458140100 ~~113~~40,~~851~~488,~~453~~101 32,~~919~~914,~~155~~910 SHSOLE 32,~~919~~914,~~155~~910 3International Paper Co. Common 460146103 5,~~919~~813,~~155~~199 ~~General~~174,100 ~~Mills~~SOLE ~~Inc~~174,100 Interpublic Group Common ~~370334104~~460690100 64,~~241~~180,~~948~~517 ~~141~~263,~~605~~755 SHSOLE ~~141~~263,~~605~~755 ~~141,605~~Intersil GMCorp - Cl A Common ~~370442105~~46069S109 10447,~~073~~120 34,~~187~~500 ~~188~~SOLE 34,~~460~~500 SHJohnson ~~188~~Controls Inc Common 539830109 5,~~460~~498,776 ~~188~~71,~~460~~580 ~~General~~SOLE ~~Motors~~71,580 HJohnson&Johnson Common ~~370442832~~478160104 371,~~969~~373,~~472~~704 ~~381~~1,~~680~~319,780 SHSOLE ~~381~~1,~~680 381~~319,~~680~~780 ~~Genuine~~JP ~~Parts~~Morgan CoChase Common ~~372460105~~46625H100 714,~~263~~110,~~247~~519 ~~208~~743,~~295~~050 SHSOLE ~~208~~743,~~295~~050 ~~208~~Keycorp Common 493267108 5,~~295~~489,031 ~~Goldman~~219,825 ~~Sachs~~SOLE ~~Group~~219,825 ~~Inc.~~Kimberly Clark Common ~~539830109~~494368103 611,~~547~~000,~~221~~055 89194,~~260~~210 SHSOLE 89194,~~260~~210 89KLA-Tencor Corporation Common 482481010 3,~~260~~056,775 ~~Globespan~~109,405 ~~Virata~~SOLE ~~Inc.~~109,405 Kohls Corporation Common ~~37957V106~~500255104 5317,~~793~~344,045 13285,~~900~~217 SHSOLE 13285,~~900~~217 ~~13,900~~Kroger ~~Halliburton~~Company Co Common ~~406216101~~501044101 54,~~284~~734,~~907~~004 ~~331~~335,~~550~~745 SHSOLE ~~331~~335,~~550 331,550~~745

DnB Asset Management (US), Inc. FORM 13F Name of Reporting Manager: Stefan L. Carlsson As of 9/30/02

Item 6: Item 7: Investment Managers Item 4: Item 5: Discretion Voting Authority Item 3: Fair Shares of ------------------- ---------------------~~----~~ Item 1: Item 2: CUSIP Market Principal Sole Shared Other Sole Shared None Name of Issuer Title of Class Number Value Amount (A) (B) (C) (A) (B) (C) -------------------- -------------- ---------- --------- ---------- ------------------- --------------------- L-~~---~~3 ~~HCA~~Communications ~~Inc~~Holdings Common ~~404119109~~502424104 93,~~341~~711,~~825~~395 ~~196~~70,~~670~~425 SHSOLE ~~196~~70,~~670~~425 ~~196,670~~Lehman ~~Home~~Bros ~~Depot~~Holdings ~~Incorporated~~Inc. Common ~~437076102~~539830109 366,~~400~~033,~~128~~886 ~~991~~123,~~019~~015 SHSOLE ~~991~~123,~~019~~015 ~~991~~Liberate Tech Common 530129105 18,~~019~~447 ~~Harley~~11,825 ~~Davidson~~SOLE ~~Inc.~~11,825 Liberty Media Corp Common ~~412822108~~530718105 97,~~992~~511,~~267~~465 ~~194~~1,~~895~~046,165 SHSOLE ~~194~~1,~~895 194~~046,~~895~~165 ~~Household~~Linear ~~Intl~~Technology Corporation Common ~~441815107~~535678106 98,~~387~~544,~~833~~202 ~~188~~412,~~890~~365 SHSOLE ~~188~~412,~~890~~365 ~~188,890~~Lockheed ~~Hartford~~Martin ~~Finl~~Corp Common ~~416515104~~539830109 610,~~597~~322,~~007~~950 ~~110~~159,~~930~~625 SHSOLE ~~110~~159,~~930~~625 ~~110,930~~Lowes ~~Heinz~~Cos ~~(H.J.)~~Inc ~~Co.~~ Common ~~423074103~~548661107 712,~~109~~646,~~478~~665 ~~172~~305,~~980~~475 SHSOLE ~~172~~305,~~980~~475 ~~172,980~~Lucent ~~Hewlett~~Technologies ~~Packard~~Inc Common ~~428236103~~549463107 161,~~407~~471,~~664~~809 1,~~073~~936,~~800~~590 SHSOLE 1,~~073~~936,~~800~~590 ~~1,073,800~~Marathon ~~Block~~Oil ~~H&R~~Corp ~~Incorporated~~ Common ~~093671105~~565849106 65,~~620~~212,~~679~~998 ~~143~~229,~~460~~850 SHSOLE ~~143~~229,~~460~~850 ~~143,460~~Marriott ~~IBM~~International Inc. Common ~~459200101~~571903202 535,~~052~~163,~~120~~410 ~~736~~178,~~835~~110 SHSOLE ~~736~~178,~~835~~110 ~~736,835~~Marsh ~~Intel~~& ~~Corporation~~Mclennan Common ~~458140100~~571748102 539,~~414~~416,~~172~~054 2226,~~923~~130 SOLE 226,~~600~~130 SHMasco 2Corp. Common 574599106 4,~~923~~622,~~600~~597 2236,~~923~~450 SOLE 236,~~600~~450 ~~International~~Maxim ~~Paper~~integrated ~~Co.~~Products Common ~~460146103~~57772K101 74,~~402~~522,~~063~~910 ~~169~~182,~~850~~670 SHSOLE ~~169~~182,~~850~~670 ~~169,850~~May ~~Interpublic~~Dept ~~Group~~Stores Common ~~460690100~~577778103 63,~~371~~691,~~243~~358 ~~257~~162,~~320~~115 SHSOLE ~~257~~162,~~320~~115 ~~257,320~~MBNA ~~Ingersoll-Rand~~Corp ~~Co. A~~ Common ~~539830109~~55262L100 58,~~044~~454,~~745~~690 ~~110~~459,~~485~~994 SHSOLE ~~110~~459,~~485~~994 ~~110,485~~Mc ~~Illinois~~Graw ~~Tool~~Hill ~~Works~~Cos Inc Common ~~452308109~~580645109 7,~~882~~567,~~845~~404 ~~115~~123,~~415~~610 SHSOLE ~~115~~123,~~415~~610 ~~115~~McDonald's Corp Common 580135101 9,~~415~~913,441 ~~Johnson~~561,350 ~~Controls~~SOLE ~~Inc~~561,350 McKesson Corp Common ~~539830109~~58155Q103 54,~~699~~308,~~234~~710 69152,~~835~~090 SHSOLE 69152,~~835~~090 ~~69,835~~Medtronic ~~Johnson&Johnson~~Inc Common ~~478160104~~585055106 6629,~~745~~056,~~949~~481 1689,~~277~~850 SOLE 689,~~190~~850 SHMellon 1Financial corp Common 743263105 6,~~277~~082,~~190~~789 1234,~~277~~585 SOLE 234,~~190~~585 JPMerck ~~Morgan~~& ~~Chase~~Co Inc Common ~~46625H100~~589331107 2435,~~589~~799,~~286~~387 ~~724~~783,~~920~~185 SHSOLE ~~724~~783,~~920~~185 ~~724,920~~Merrill ~~Keycorp~~Lynch Co Common ~~493267108~~590188108 511,~~854~~660,~~895~~016 ~~214~~353,~~465~~870 SHSOLE ~~214~~353,~~465~~870 ~~214,465~~Micron ~~KLA-Tencor~~Technology ~~Corporation~~Inc Common ~~4824810100~~595112103 43,~~695~~148,~~053~~907 ~~106~~254,~~730~~560 SHSOLE ~~106~~254,~~730~~560 ~~106,730~~Microsoft ~~Kimberly~~Corporation ~~Clark~~ Common ~~494368103~~594918104 1190,~~746~~547,~~830~~268 ~~189~~2,~~465~~070,125 SHSOLE ~~189~~2,~~465 189~~070,~~465~~125 ~~Coca-Cola~~Monsanto Co Common ~~191216100~~61166W101 471,~~196~~198,~~240~~260 ~~842~~78,~~790~~369 SHSOLE ~~842~~78,~~790~~369 ~~842,790~~Morgan ~~Kroger~~Stanley ~~Company~~Com Common ~~501044101~~74407HHT6 617,~~518~~313,~~245~~018 ~~327~~511,~~550~~010 SHSOLE ~~327~~511,~~550~~010 ~~327,550~~Motorola ~~MBNA~~Inc ~~Corp~~ Common ~~55262L100~~620076109 9,~~894~~936,~~213~~392 ~~299~~976,~~190~~070 SHSOLE ~~299~~976,~~190~~070 ~~299,190~~National ~~Kohls~~City ~~Corporation~~Corp Common ~~500255104~~635405103 226,~~725~~690,~~542~~285 ~~324~~234,~~280~~500 SHSOLE ~~324~~234,~~280~~500 ~~324,280~~Newell ~~Liberty~~Rubbermaid ~~Media~~Inc ~~Corp~~ Common ~~530718105~~651229106 105,~~206~~968,~~450~~869 1193,~~020~~355 SOLE 193,~~645~~355 SHNorthern 1Trust Corporation Common 665859104 6,~~020~~335,~~645~~829 1167,~~020~~970 SOLE 167,~~645~~970 ~~Liberate~~Nvidia ~~Tech~~Corporation Common ~~530129105~~6706G104 31168,~~206~~632 1119,~~825~~700 SHSOLE 1119,~~825~~700 ~~11,825~~Occidental ~~Lehman~~Petroleum ~~Bros~~Corp ~~Holdings Inc.~~ Common ~~539830109~~674599105 76,~~503~~562,~~650~~733 ~~120~~231,~~020~~245 SHSOLE ~~120~~231,~~020~~245 ~~120,020~~Omnicom ~~L-3~~Group ~~Communications~~Inc ~~Holdings~~ Common ~~502424104~~681919106 312,~~571~~667,~~560~~033 66227,~~140~~497 SHSOLE 66227,~~140~~497 ~~66,140~~Oracle ~~Linear Technology~~ Corporation Common ~~535678106~~68389X105 1214,~~483~~988,~~996~~274 ~~397~~1,~~200~~906,905 SHSOLE ~~397~~1,~~200~~906,905 ~~397~~Paychex Inc Common 704326107 8,~~200~~776,396 ~~Eli~~361,615 ~~Lilly~~SOLE ~~and~~361,615 CoPeopleSoft Inc Common ~~532457108~~712713106 191,~~908~~287,~~918~~716 ~~352~~104,~~995~~100 SHSOLE ~~352~~104,~~995~~100 ~~352~~Pepsico Inc Common 713448108 29,~~995~~488,500 ~~Lockheed~~798,065 ~~Martin~~SOLE ~~Corp~~798,065 Pfizer Incorporated Common ~~539830109~~717081103 1077,~~822~~345,~~888~~584 ~~155~~2,~~725~~665,251 SHSOLE ~~155~~2,~~725 155~~665,~~725~~251 ~~Lowes~~Pharmacia ~~Cos~~Corporation ~~Inc~~(US) Common ~~548661107~~71713U102 1326,~~530~~310,~~335~~679 ~~298~~676,~~025~~715 SHSOLE ~~298~~676,~~025~~715 ~~298,025~~Pitney ~~Lucent~~Bowes ~~Technologies~~ Inc Common ~~549463107~~724479100 34,~~136~~916,~~329~~207 1161,~~889,355~~240 SHSOLE 1161,~~889,355~~240 ~~1,889,355~~PNC ~~Marriott~~Financial ~~International~~Services Group Inc. Common ~~571903202~~693475105 65,~~611~~850,~~758~~455 ~~173~~138,~~765~~735 SHSOLE ~~173~~138,~~765~~735 ~~173,765~~PPG ~~Masco~~Industries ~~Corp.~~Inc Common ~~574599106~~693506107 65,~~254~~865,~~006~~981 ~~230~~131,~~690~~230 SHSOLE ~~230~~131,~~690~~ 230~~,690~~ ~~May~~Praxair ~~Dept~~Incorporated ~~Stores~~ Common ~~577778103~~74005P104 5,~~208~~477,~~373~~715 ~~158~~107,~~165~~175 SHSOLE ~~158~~107,~~165~~175 ~~158,165~~Procter ~~McDonald's~~& ~~Corp~~Gamble Common ~~580135101~~832696405 1550,~~580~~127,~~643~~166 ~~547~~560,~~650~~832 SHSOLE ~~547~~560,~~650~~832 ~~547,650~~Progress ~~McKesson~~Energy ~~Corp~~Inc. Common ~~58155Q103~~743263105 4,~~852~~968,~~026~~770 ~~148~~121,~~380~~575 SHSOLE ~~148~~121,~~380~~575 ~~148,380~~Public ~~Medtronic~~Svc ~~Inc~~E&G Common ~~585055106~~744573106 284,~~485~~042,~~823~~623 ~~664~~132,~~780~~545 SHSOLE ~~664~~132,~~780~~545 ~~664,780~~Qualcomm ~~Mellon~~Inc ~~Financial corp~~ Common ~~743263105~~747525103 78,~~193~~120,~~227~~694 ~~228~~294,~~865~~015 SHSOLE ~~228~~294,~~865~~015 ~~228,865~~Raindance ~~Merrill~~Communications ~~Lynch Co~~ Common ~~590188108~~75086X106 13117,~~982~~420 38,~~018~~000 ~~345~~SOLE 38,~~235~~000 SHRaytheon ~~345~~Common 755111507 4,~~235~~376,540 ~~345~~149,~~235~~370 McSOLE ~~Graw~~149,370 ~~Hill~~Red ~~Cos~~Hat Inc Common ~~580645109~~756577102 766,~~199,820~~262 ~~120~~13,~~600~~950 SHSOLE ~~120~~13,~~600~~950 ~~120,600~~Safeway ~~Marsh~~Inc ~~& Mclennan~~ Common ~~571748102~~786514208 104,~~651~~774,~~599~~653 ~~110~~214,~~265~~110 SHSOLE ~~110~~214,~~265~~ 110~~,265~~ 3MSara CoLee Corporation Common ~~88579Y101~~803111103 176,~~515~~250,~~815~~973 ~~142~~341,~~405~~770 SHSOLE ~~142~~341,~~405~~770 ~~142,405~~SBC ~~Motorola~~Communications Inc Common ~~620076109~~78387G103 1324,~~731~~378,~~661~~586 ~~952~~1,~~265~~212,865 SHSOLE ~~952~~1,~~265~~212,865 ~~952~~Schlumberger Ltd Common 806857108 10,~~265~~058,444 ~~Merck~~261,530 &SOLE Co261,530 ~~Inc~~Sears Roebuck Common ~~589331107~~812387108 384,~~693~~956,~~264~~315 ~~764~~127,085 SHSOLE ~~764~~127,085 ~~764,085~~Solectron ~~Marathon Oil~~ Corp Common ~~565849106~~834182107 61,~~081~~488,~~524~~964 ~~224~~705,~~245~~670 SHSOLE ~~224~~705,~~245~~670 ~~224,245~~Southern ~~Microsoft~~Co/The ~~Corporation~~ Common ~~594918104~~842587107 ~~110~~8,~~170~~316,~~723~~557 2288,~~014~~970 SOLE 288,~~090~~970 SHSprint 2PCS Common 852061506 666,~~014,090~~164 2339,~~014,090~~880 ~~Micron~~SOLE ~~Technology~~339,880 ~~Inc~~Staples Common ~~595112103~~855030102 53,~~021~~459,~~637~~951 ~~248~~270,~~350~~520 SHSOLE ~~248~~270,~~350~~520 ~~248~~State Street Common 857477103 6,~~350~~739,782 ~~Morgan~~174,425 ~~Stanley~~SOLE ~~Com~~174,425 Sun Microsystem Inc Common ~~617446448~~866810104 214,~~360~~174,~~141~~458 ~~495~~1,~~825~~611,760 SHSOLE ~~495~~1,~~825 495~~611,~~825~~760 ~~Maxim~~Sun ~~integrated~~Trust ~~Products~~Banks Common ~~57772K101~~867914103 6,~~831~~755,~~173~~114 ~~178~~109,~~220~~875 SHSOLE ~~178~~109,~~220~~875 ~~178,220~~Sunguard ~~National~~Data ~~City~~Systems ~~Corp~~ Common ~~635405103~~867363103 73,~~606~~944,~~935~~168 ~~228~~202,~~780~~785 SHSOLE ~~228~~202,~~780~~785 ~~228,780~~Sysco ~~Northern Trust~~ Corporation Common ~~665859104~~871829107 719,~~220~~895,~~112~~144 ~~163~~700,~~870~~780 SHSOLE ~~163~~700,~~870 163,870~~780

DnB Asset Management (US), Inc. FORM 13F Name of Reporting Manager: Stefan L. Carlsson As of 9/30/02

Item 6: Item 7: Investment Managers Item 4: Item 5: Discretion Voting Authority Item 3: Fair Shares of ------------------- ---------------------~~----~~ Item 1: Item 2: CUSIP Market Principal Sole Shared Other Sole Shared None Name of Issuer Title of Class Number Value Amount (A) (B) (C) (A) (B) (C) -------------------- -------------- ---------- --------- ---------- ------------------- ---------------------~~----~~ ~~Nvidia~~Taiwan ~~Corporation~~Semiconductor ADR Common ~~6706G104~~874039100 ~~338~~712,~~446~~661 19112,~~700~~230 SHSOLE 19112,~~700~~230 ~~19,700~~Target ~~Newell~~Corp. ~~Rubbermaid Inc~~ Common ~~651229106~~87612E106 610,~~613~~045,~~368~~952 ~~188~~340,~~630~~310 SHSOLE ~~188~~340,~~630~~310 ~~188,630~~Tenet ~~Omnicom~~Healthcare ~~Group~~Corporation ~~Inc~~ Common ~~681919106~~88033G100 9,~~264~~573,~~653~~648 ~~202~~193,~~285~~407 SHSOLE ~~202~~193,~~285~~407 ~~202,285~~Texas ~~Bank~~Instruments ~~One~~Inc ~~Corp~~ Common ~~06423A103~~882508104 1610,~~361~~205,~~119~~627 ~~425~~690,~~185~~970 SHSOLE ~~425~~690,~~185~~970 ~~425,185~~THQ ~~Oracle~~Inc. ~~Corporation~~ Common ~~68389X105~~872443403 17574,~~638,254~~080 127,~~862,540~~600 SHSOLE 127,~~862,540~~600 ~~1,862,540~~TJX ~~Occidental~~Companies ~~Petroleum~~Incorporated ~~Corp~~ Common ~~674599105~~872540109 64,~~765~~596,~~594~~715 ~~225~~270,~~595~~395 SHSOLE ~~225~~270,~~595~~395 ~~225,595~~Transmeta ~~Paychex~~Corp ~~Inc~~ Common ~~704326107~~89376R109 1052,~~874,840~~186 ~~347~~53,~~550~~800 SHSOLE ~~347~~53,~~550~~800 ~~347,550~~Transocean ~~Pitney Bowes~~ Inc Common ~~724479100~~G90078109 63,~~248~~597,~~353~~610 ~~157~~172,~~310~~962 SHSOLE ~~157~~172,~~310~~962 ~~157,310~~Travelers ~~Sprint~~Property ~~PCS~~& Casualty Common ~~852061506~~89420G109 1,~~471~~275,~~949~~861 ~~329~~96,~~295~~656 SHSOLE ~~329~~96,~~295~~656 ~~329,295~~Travelers ~~Public~~Property ~~Svc E~~&G ~~Common~~Casualty ~~744573106~~B ~~5,599,123 129,310 SH 129,310 129,310 Pepsico Inc~~ Common ~~713448108~~89420G109 352,~~282~~686,~~882~~868 ~~732~~198,~~010~~586 SHSOLE ~~732~~198,~~010~~586 ~~732,010~~Tribune ~~Pfizer~~Co ~~Incorporated~~ Common ~~717081103~~896047107 905,~~380~~904,~~885~~617 2141,~~582,311~~225 SHSOLE 2141,~~582,311~~225 ~~2,582,311~~TXU ~~Procter~~Corp ~~& Gamble~~ Common ~~832696405~~873168108 455,~~853~~121,~~764~~988 ~~513~~122,~~480~~800 SHSOLE ~~513~~122,~~480~~800 ~~513,480~~Tyco ~~Progress~~International ~~Energy~~Ltd ~~Inc.~~ Common ~~743263105~~902124106 611,~~168~~182,~~646~~357 ~~118~~793,~~605~~075 SHSOLE ~~118~~793,~~605~~075 ~~118,605~~Union ~~Pharmacia~~Pacific ~~Corporation~~Corp ~~(US)~~ Common ~~71713U102~~907818108 247,~~429~~656,~~759~~779 ~~652~~132,~~330~~310 SHSOLE ~~652~~132,~~330~~310 ~~652,330~~United ~~PNC~~Parcel ~~Financial~~Service ~~Services~~- ~~Group~~Cl ~~Inc~~B Common ~~693475105~~31428X106 717,~~075~~558,~~837~~111 ~~135~~280,~~345~~795 SHSOLE ~~135~~280,~~345~~795 ~~135,345~~United ~~PPG~~Technologies ~~Industries~~Corp ~~Inc~~ Common ~~693506107~~913017109 79,~~924~~848,~~748~~749 ~~128~~174,~~025~~345 SHSOLE ~~128~~174,~~025~~345 ~~128,025~~UnitedHealth ~~PeopleSoft~~Group ~~Inc~~Incorporated Common ~~712713106~~91324P102 111,~~455~~531,~~190~~356 97132,~~795~~210 SHSOLE 97132,~~795~~210 ~~97,795~~Unocal ~~Praxair~~Corporation ~~Incorporated~~ Common ~~74005P104~~915289102 5,~~956~~884,~~783~~683 ~~104~~187,~~560~~470 SHSOLE ~~104~~187,~~560~~470 ~~104,560~~US ~~Qualcomm~~Bancorp ~~Inc~~ Common ~~747525103~~902973304 712,~~885~~969,~~369~~026 ~~286~~698,~~845~~010 SHSOLE ~~286~~698,~~845~~010 ~~286,845~~Verisign ~~Red Hat~~ Inc Common ~~756577102~~92343E102 81226,~~887~~113 ~~13,950 SH 13,950 13,950 Transocean Inc Common G90078109 5,256,313 168,742 SH 168,742 168,742 Raindance Communications Common 75086X106 253,000~~ 44,~~000~~775 SHSOLE 44,~~000~~775 ~~44,000~~Veritas ~~Raytheon~~Software ~~Common~~Corporation ~~755111507 5,938,090 145,720 SH 145,720 145,720 Riverdeep Group~~ Common ~~76870Q109~~923436109 ~~163~~606,~~380~~605 1041,~~500~~350 SHSOLE 1041,~~500~~350 ~~10,500~~Verizon ~~Sears Roebuck Common 812387108 6,732,386 123,985 SH 123,985 123,985 SBC~~ Communications ~~Inc~~ Common ~~78387G103~~92343V104 3428,~~899~~313,~~625~~416 1,~~144~~031,~~250~~830 SHSOLE 1,~~144~~031,~~250~~830 ~~1,144,250~~Viacom ~~Charles~~Inc ~~Schwab~~A ~~Corp~~ Common ~~808513105~~925524100 71,~~323~~552,~~344~~051 ~~653~~38,~~870~~275 SHSOLE ~~653~~38,~~870~~275 ~~653,870~~Viacom ~~Sunguard~~Inc ~~Data~~B ~~Systems~~ Common ~~867363103~~925524308 529,~~238~~423,~~803~~161 ~~197~~725,~~840~~602 SHSOLE ~~197~~725,~~840~~602 ~~197,840~~Wachovia JMCorp ~~Smucker Co~~ Common ~~832696405~~929903102 ~~353~~15,~~621 10~~812,~~361~~642 ~~SH 10~~483,~~361~~715 ~~10,361~~SOLE ~~Schlumberger Ltd Common 806857108 11~~483,~~864,010~~715 ~~255,140~~Wal-Mart SHStores ~~255,140~~Inc ~~255,140 Sara Lee Corporation~~ Common ~~803111103~~931142103 660,~~881~~326,~~995~~141 ~~333~~1,~~430 SH 333~~225,~~430~~145 ~~333,430~~SOLE ~~Solectron Corp Common 834182107 4~~1,~~233~~225,~~998~~145 ~~688,455~~Walgreen ~~SH 688,455 688,455 Southern~~ Co~~/The~~ Common ~~842587107~~931422109 717,~~724~~364,~~608~~941 ~~281~~564,~~920~~530 SHSOLE ~~281~~564,~~920~~530 ~~281,920~~Walt ~~Staples~~Disney ~~Common~~Co ~~855030102 5,199,224 263,920 SH 263,920 263,920 Sun Trust Banks~~ Common ~~867914103~~254687106 711,~~258~~901,~~907~~024 ~~107~~786,~~190~~065 SHSOLE ~~107~~786,~~190~~065 ~~107,190~~Washington ~~State~~Mutual ~~Street Common 857477103 7,606,599 170,170 SH 170,170 170,170 Sun Microsystem~~ Inc Common ~~866810104~~939322103 711,~~877~~178,~~924~~459 1355,~~572,440~~210 SHSOLE 1355,~~572,440~~210 ~~1,572,440~~Waste ~~Safeway~~Management Inc Common ~~786514208~~94106L109 6,~~097~~374,~~353~~055 ~~208~~273,~~885~~330 SHSOLE ~~208~~273,~~885~~330 ~~208,885~~Wells ~~Sysco~~Fargo ~~Corporation~~Company Common ~~871829107~~949746101 1828,~~217~~687,~~529~~708 ~~669~~595,~~270~~675 SHSOLE ~~669~~595,~~270~~675 ~~669,270~~Williams ~~AT&T~~Cos ~~Corp~~Inc Common ~~001957109~~969457100 13955,~~872,015~~460 1422,~~296,450~~770 SHSOLE 1422,~~296,450~~770 ~~1,296,450~~Wyeth ~~Target Corp.~~ Common ~~87612E106~~983024100 1215,~~649~~477,~~581~~060 ~~332~~486,~~010~~700 SHSOLE ~~332~~486,~~010~~700 ~~332,010~~Xilinx ~~Tenet~~Incorporated ~~Healthcare Corporation~~ Common ~~88033G100~~983919101 82,~~999~~831,~~917~~042 ~~125~~178,~~785~~750 SHSOLE ~~125~~178,~~785~~750 ~~125,785~~Yum! ~~THQ~~Brands Inc. Common ~~872443403~~988498101 ~~554,652 18,600 SH 18,600 18,600 TJX Companies Incorporated Common 872540109~~ 5,~~173~~301,~~118~~200 ~~263~~191,~~800~~310 SHSOLE ~~263~~191,~~800~~310 ~~263,800~~------------- ~~Transmeta~~---------- ~~Corp~~---------- ~~Common 89376R109 126~~2,~~430 53~~666,~~800 SH 53~~380,~~800 53,800 Tribune Co Common 896047107 5,993,430 137,780 SH 137,780 137,780 Intrado Inc Common 46117A1007 183,920 9,~~500 ~~SH 9~~97,~~500 9~~878,~~500~~899 ~~Taiwan Semiconductor ADR Common 874039100 1~~97,~~848~~878,~~990~~899 ~~142,230~~============= SH========== 142,230 142,230 Texas Instruments Inc Common 882508104 15,976,526 674,115 SH 674,115 674,115 TXU Corp Common 873168108 6,175,948 119,805 SH 119,805 119,805 Tyco International Ltd Common 902124106 10,453,092 773,730 SH 773,730 773,730 Unocal Corporation Common 915289102 6,756,326 182,900 SH 182,900 182,900==========

Item 6: Item 7: Investment Managers Item 4: Item 5: Discretion Voting Authority Item 3: Fair Shares of ------------------- ------------------------- Item 1: Item 2: CUSIP Market Principal Sole Shared Other Sole Shared None Name of Issuer Title of Class Number Value Amount (A) (B) (C) (A) (B) (C) -------------------- -------------- --------- --------- ---------- ------------------- ------------------------- UnitedHealth Group Incorporated Common 91324P102 11,808,119 128,980 SH 128,980 128,980 Union Pacific Corp Common 907818108 8,168,182 129,080 SH 129,080 129,080 United Parcel Service - Cl B Common 31428X106 11,380,216 184,295 SH 184,295 184,295 US Bancorp Common 902973304 15,900,883 680,980 SH 680,980 680,980 United Technologies Corp Common 913017109 11,549,111 170,090 SH 170,090 170,090 Viacom Inc A Common 925524100 2,768,747 62,275 SH 62,275 62,275 Viacom Inc B Common 925524308 33,234,905 749,040 SH 749,040 749,040 Verisign Inc Common 92343E102 321,932 44,775 SH 44,775 44,775 Veritas Software Corporation Common 923436109 818,317 41,350 SH 41,350 41,350 Verizon Communications Common 92343V104 40,290,726 1,003,505 SH 1,003,505 1,003,505 Walgreen Co Common 9314422109 21,012,982 543,955 SH 543,955 543,955 Wachovia Corp Common 929903102 18,017,906 471,920 SH 471,920 471,920 Wells Fargo Company Common 949746101 29,092,369 581,150 SH 581,150 581,150 Williams Cos Inc Common 969457100 2,470,576 412,450 SH 412,450 412,450 Washington Mutual Inc Common 939322103 12,860,285 346,545 SH 346,545 346,545 Waste Management Inc Common 94106L109 6,946,493 266,660 SH 266,660 266,660 Wal-Mart Stores Inc Common 931142103 65,288,343 1,186,845 SH 1,186,845 1,186,845 Wyeth Common 983024100 24,310,784 474,820 SH 474,820 474,820 Xilinx Incorporated Common 9839191015 3,911,568 174,390 SH 174,390 174,390 Exxon Mobil Corp Common 30231G102 94,652,461 2,313,110 SH 2,313,110 2,313,110 Yum! Brands Inc Common 988498101 5,461,121 186,705 SH 186,705 186,705 -------------- ---------- ----------- ----------- Total Quotation currency: USD 3,128,789,243 95,012,043 95,012,943 95,012,943 ============== ========== =========== ===========

Filing Compare · DNB NOR ASSET MANAGEMENT US INC