13F-HR 1 c67409e13f-hr.txt FORM 13F 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, 2001 --------------------------- 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: LaCrosse Advisers, L.L.C. ------------------------------------------ Address: 311 Main Street ------------------------------------------ La Crosse, Wisconsin 54601 ------------------------------------------ ------------------------------------------ Form 13F File Number: 28-03977 ------------- 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: Steven J. Hulme -------------------------------------------- Title: President -------------------------------------------- Phone: (608) 782-1148 -------------------------------------------- Signature, Place, and Date of Signing: /s/ Steven J. Hulme LaCrosse, Wisconsin February 8, 2002 --------------------- -------------------------------------- --------------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------------------- Form 13F Information Table Entry Total: 55 ----------------------- Form 13F Information Table Value Total: $ 81,667,255 ----------------------- (thousands) List of Other Included Managers: 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. None PREPARED BY: NORTH CENTRAL TRUST COMPANY TWR086 01 2/05/02 LIST OF ASSETS AS OF 12/31/01 17:01:04 PAGE 1 Account 76-7553-00 LA CROSSE LARGE CAP STOCK FUND Income 2,249,356.48 PRINCIPAL 2,249,356.41- (ADM) MNP (INV) SJH

~~-------------------~~SECURITY ~~Voting~~PRICE ~~Authority~~DT ~~------------------------------------------------------------------------------------------------------------------------------------~~PT ~~Title~~UNITS ~~CUSIP~~PRICE ~~Fair~~BOOK ~~Market~~VALUE ~~Shares/~~MARKET ~~SH/~~VALUE ~~Put~~0013OH-10-5 12/31/01 ~~Invest~~P ~~Other~~8,000 ~~Sole~~16.3500 ~~Share~~284,480.00 ~~None~~130,800.00 ~~Name~~A ofE ~~Issuer~~S ofCORP ~~Value~~002444-10-7 ~~PRN~~12/31/01 ~~PRN~~P ~~Call~~79,000 mt23.5900 ~~Managers~~1,695,316.94 ~~Class~~1,863,610.00 ~~AMT~~A ~~Dscretn~~V ~~------------------------------------------------------------------------------------------------------------------------------------~~X CORP 013104-10-~~----------------------------------------------------------------------------------------------------------------------------------~~4 ~~ADC~~12/31/01 ~~Telecommunications~~P ~~Inc~~53,000 31.4900 ~~COM~~1,681,164.41 ~~000886101~~ 1,~~028~~668,~~500~~970.00 ~~121,000~~ALBERTSONS SHINC ~~Sole~~013817-10-1 ~~121~~12/31/01 P 47,000 ~~AES~~35.5500 ~~Corp~~1,788,140.45 ~~COM 00130H105~~ 1,~~898~~670,~~480~~850.00 ~~38,000~~ALCOA SHINC ~~Sole~~020002-10-1 3812/31/01 P 61,000 ~~AVX~~33.7000 ~~Corporation~~1,868,386.24 ~~COM 002444107 949~~2,~~300~~055,700.00 ~~55,000~~ALLSTATE SHCORP ~~Sole~~020039-10-3 5512/31/01 P 33,000 ~~Albertsons Inc~~61.7300 ~~COM 013104104~~ 1,~~686~~965,~~460~~852.53 2,037,090.00 53ALLTEL CORP 038222-10-5 12/13/01 P 20,000 SH40.1000 ~~Sole~~964,823.70 53802,000.00 ~~Allstate~~APPLIED ~~Corp.~~MATERIALS ~~COM~~060505-10-4 ~~020002101~~12/31/01 P 33,000 62.9500 1,~~887~~880,~~300~~188.0040 452,~~000~~077,350.00 SHBANK ~~Sole~~OF ~~45,000~~AMERICA ~~Applied~~CORP ~~Materials~~06423A-10-3 ~~COM~~12/31/01 ~~038222105~~P ~~870~~58,000 39.000500 202,~~000~~338,734.02 SH2,264,900.00 ~~Sole~~BANK ~~20,000~~ONE ~~Bank~~CORP of097023-10-5 ~~America~~12/31/01 ~~Corp.~~P ~~COM~~31,000 ~~060505104~~38.7800 1,~~533~~767,~~000~~141.0046 281,~~000~~202,180.00 SHBOEING ~~Sole~~CO 2812189T-10-4 12/31/01 P 57,000 ~~Bank~~28.5300 ~~One Corp~~1,504,810.60 ~~COM 06423A103~~ 1,~~411~~626,~~020~~210.00 ~~39,000~~BURLINGTON SHNORTHERN ~~Sole~~SANTA ~~39,000~~FE ~~Burlington~~CORP ~~Northern~~131347-10-6 ~~Santa~~12/31/01 FeP ~~Corp~~59,000 16.7900 ~~COM 12189T104~~ 1,~~974~~199,~~700~~672.00 65990,~~000~~610.00 SHCALPINE ~~Sole~~CORP 6514149Y-10-8 12/31/01 P 20,000 ~~Calpine~~64.6600 ~~Corp~~686,758.33 ~~COM 131347106 2~~1,~~423~~293,~~080~~200.00 ~~44,000~~CARDINAL SHHEALTH ~~Sole~~INC 44166764-10-0 12/31/01 P 13,000 ~~Cardinal~~89.6100 ~~Health~~1,152,742.44 ~~Inc~~1,164,930.00 ~~COM~~CHEVRONTEXACO ~~14149Y108~~CORP 17275R-10-2 12/31/01 P 60,000 18.1100 1,~~838~~521,~~250~~929.0096 191,~~000~~086,600.00 SHCISCO ~~Sole~~SYSTEMS 19INC 172967-10-1 12/31/01 P 41,000 ~~Chevron~~50.4800 ~~Corp~~1,880,606.40 ~~COM~~2,069,680.00 ~~166751107~~CITIGROUP ~~878~~INC 204493-10-0 12/31/01 P 29,000 9.7600 395,995.00 10283,~~000~~040.00 SHCOMPAQ ~~Sole~~COMPUTER CORP 205887-10-2 12/31/01 P 57,000 ~~Cisco~~23.7700 ~~Systems Inc~~1,153,660.17 ~~COM 17275R102~~ 1,~~296~~354,~~666~~890.00 ~~82,000~~CONAGRA SHFOODS ~~Sole 82,000~~INC

PREPARED BY: NORTH CENTRAL TRUST COMPANY TWR086 01 2/05/02 LIST OF ASSETS AS OF 12/31/01 17:01:04 PAGE 2 ACCOUNT 76-7553-00 LA CROSSE LARGE CAP STOCK FUND (ADM) MNP (INV) SJH INCOME 2,249,356.48 PRINCIPAL 2,249,356.41-

~~-------------------~~SECURITY ~~Voting~~PRICE ~~Authority~~DT ~~------------------------------------------------------------------------------------------------------------------------------------~~PT ~~Title~~UNITS ~~CUSIP~~PRICE ~~Fair~~BOOK ~~Market~~VALUE ~~Shares/~~MARKET ~~SH/~~VALUE ~~Put~~278058-10-2 12/31/01 ~~Invest~~P ~~Other~~19,000 ~~Sole~~74.4100 ~~Share~~1,188,698.40 ~~None~~1,413,790.00 ~~Name~~EATON ofCORP ~~Issuer~~28336L-10-9 of12/31/01 ~~Value~~P ~~PRN~~36,000 ~~PRN~~44.6100 ~~Call~~1,337,791.67 mt1,605,960.00 ~~Managers~~EL ~~Class~~PASO ~~AMT~~CORP ~~Dscretn~~ 313586-10-~~----------------------------------------------------------------------------------------------------------------------------------~~9 ~~------------------------------------------------------------------------------------------------------------------------------------~~12/31/01 ~~Citigroup~~P ~~Inc~~25,000 79.5000 ~~COM~~1,599,801.29 ~~172967101~~ 1,~~439~~987,~~360~~500.00 ~~32,000~~FEDERAL SHNATIONAL ~~Sole~~MORTGAGE ~~32,000~~ASSOC ~~Compaq~~31410H-10-1 ~~Computer~~12/31/01 ~~Corp.~~P ~~COM~~35,000 ~~204493100~~40.9000 1,~~128~~316,~~400~~476.00 621,~~000~~431,500.00 SHFEDERATED ~~Sole~~DEPARTMENT ~~62,000~~STORES ~~ConAgra~~INC ~~Foods~~319963-10-4 ~~Inc.~~12/31/01 ~~COM~~P ~~205887102~~26,000 178.4500 970,466.99 2,039,~~680~~700.00 ~~57,000~~FIRST SHDATA ~~Sole~~CORP ~~57,000~~339030-10-8 ~~Delta~~12/31/01 ~~Airlines~~P ~~Inc~~55,000 36.5000 ~~COM 247361108~~ 1,~~106~~670,~~000~~221.00 282,~~000~~007,500.00 SHFLEETBOSTON ~~Sole~~FINANCIAL 28CORP 345370-86-0 12/31/01 P 69,000 ~~Eaton~~15.7200 ~~Corp~~1,618,912.67 ~~COM 278058102~~ 1,~~301~~084,~~500~~680.00 ~~19,000~~FORD SHMOTOR ~~Sole~~CO ~~19,000~~369550-10-8 ~~Edison~~12/31/01 ~~International~~P ~~COM~~16,000 ~~281020107~~79.6400 ~~568~~854,~~800~~333.0068 451,~~000~~274,240.00 SHGENERAL ~~Sole~~DYNAMICS ~~45,000~~CORP ~~REl~~437076-10-2 ~~Paso~~12/31/01 ~~Corp.~~P ~~COM~~29,000 ~~281020107~~51.0100 1,~~501~~178,~~900~~913.0033 231,~~000~~479,290.00 SHHOME ~~Sole~~DEPOT ~~23,000~~INC ~~Emerson~~458140-10-0 ~~Electric~~12/31/01 ~~Co.~~P ~~COM~~62,000 ~~291011104~~31.4500 1,~~426~~876,~~000~~463.0096 231,~~000~~949,900.00 SHINTEL ~~Sole~~CORP ~~23,000~~46625H-10-0 ~~Federal~~12/31/01 ~~National~~P ~~Mortgage~~53,000 ~~Assoc~~36.3500 ~~COM~~1,863,970.14 ~~313586109~~ 1,~~671~~926,~~600~~550.00 ~~21,000~~J SHP ~~Sole~~MORGAN ~~21,000~~CHASE ~~Federated~~& ~~Department~~CO ~~Stores~~466313-10-3 ~~Inc.~~12/31/01 ~~COM~~P ~~31410H101~~30,000 122.7200 855,~~454~~645.~~250~~50 681,600.00 ~~35,000~~JABIL SHCIRCUIT ~~Sole~~INC ~~35,000~~494368-10-3 ~~First~~12/31/01 ~~Data~~P ~~Corp~~26,125 59.8000 ~~COM~~1,223,742.50 ~~319963104~~ 1,~~253~~562,~~910~~275.00 ~~21,000~~KIMBERLY SHCLARK ~~Sole~~CORP ~~21,000~~577778-10-3 ~~Fleetboston~~12/31/01 ~~Financial~~P ~~Corp~~39,000 36.9800 ~~COM 339030108~~ 1,~~844~~403,~~125~~161.2563 481,~~851~~442,220.00 SHMAY ~~Sole~~DEPARTMENT ~~48,851~~STORES ~~Ford~~CO ~~Motor~~589331-10-7 ~~Co.~~12/31/01 ~~COM~~P ~~345370860~~11,000 158.8000 736,~~602~~720.51 646,~~840~~800.00 ~~57,000~~MERCK SH& ~~Sole~~CO 57INC 59156R-10-8 12/31/01 P 72,000 ~~Gateway~~31.6800 ~~Inc~~1,469,551.28 ~~COM 367626108 857~~2,~~310~~280,960.00 ~~51,000~~METLIFE SHINC ~~Sole~~594918-10-4 5112/31/01 P 26,000 ~~General~~66.2500 ~~Dynamics Corp~~1,788,430.12 ~~COM 369550108~~ 1,~~568~~722,500.00 ~~25,000~~MICROSOFT SHCORP ~~Sole~~595112-10-3 2512/31/01 P 38,000 ~~Home Depot Inc~~31.0000 ~~COM 437076102~~ 1,~~249~~256,~~900~~050.00 291,178,000.00 SHMICRON ~~Sole~~TECHNOLOGY ~~29,000~~INC

PREPARED BY: NORTH CENTRAL TRUST COMPANY TWRO86 01 2/05/02 LIST OF ASSETS AS OF 12/31/01 17:01:04 PAGE 3 ACCOUNT 76-7553-00 LA CROSSE LARGE CAP STOCK FUND (ADM) MNP (INV) SJH INCOME 2,249,356.48 PRINCIPAL 2,249,356.41-

~~-------------------~~SECURITY ~~Voting~~PRICE ~~Authority~~DT ~~------------------------------------------------------------------------------------------------------------------------------------~~PT ~~Title~~UNITS ~~CUSIP~~PRICE ~~Fair~~BOOK ~~Market~~VALUE ~~Shares/~~MARKET ~~SH/~~VALUE ~~Put/~~60934N-10-4 ~~Invest~~P ~~Other~~634,820 ~~Sole~~634,820.00 ~~Share~~634,820.00 ~~None~~GOVERNMENT ~~Name~~OBLIGATIONS ofFUND ~~Issuer~~60934N-68-2 ofP ~~Value~~634,060 ~~PRN~~634,060.00 ~~PRN~~634,060.00 ~~Call~~FEDERATED mtU ~~Managers~~S ~~Class~~TREASURY ~~AMT~~CASH ~~Dscretn~~RESERVES 617446-44-~~----------------------------------------------------------------------------------------------------------------------------------~~8 ~~------------------------------------------------------------------------------------------------------------------------------------~~12/31/01 ~~Intel~~P ~~Corp~~38,000 55.9400 ~~COM 458140100~~ 1,~~710~~496,~~345~~283.0020 652,~~000~~125,720.00 SHMORGAN ~~Sole~~STANLEY ~~65,000~~DEAN ~~Jabil~~WITTER ~~Circuit~~DISCOVER ~~Inc.~~717081-10-3 ~~COM~~12/31/01 ~~466313103~~P ~~648~~20,~~600~~000 39.8500 716,200.00 30797,000.00 SHPFIZER ~~Sole~~INC 718154-10-7 12/31/01 P 30,000 ~~Kimberly~~45.8500 ~~Clark Corp~~628,049.94 ~~COM 494368103~~ 1,~~772~~375,~~058~~500.7500 ~~26,125~~PHILIP SHMORRIS ~~Sole~~CO ~~26,125~~INC ~~Metlife~~75952J-10-8 ~~Inc.~~12/31/01 ~~COM~~P ~~59156R108~~37,000 226.5200 852,~~103~~565.03 981,~~500~~240.00 ~~70,000~~RELIANT SHENERGY ~~Sole~~INC 7078387G-10-3 12/31/01 P 51,000 ~~Microsoft~~39.1700 ~~Corp~~2,119,747.88 ~~COM 594918104~~ 1,~~367~~997,~~200~~670.00 ~~25,000~~S SHB ~~Sole~~C ~~25,000~~COMMUNICATIONS ~~Micron~~812387-10-8 ~~Technology~~12/31/01 ~~Inc.~~P ~~COM~~40,000 ~~595112103~~47.6400 1,~~578~~760,~~140~~817.0095 381,~~000~~905,600.00 SHSEARS ~~Sole~~ROEBUCK ~~38,000~~& ~~Government~~CO ~~Obligations~~834182-10-7 ~~Fund~~12/31/01 ~~COM~~P ~~60934N104 1~~66,~~180,897~~000 11.002800 1,~~180~~419,~~897~~096.20 ~~SH Sole 1~~744,~~180,897~~480.00 ~~Federated~~SOLECTRON ~~U.S.~~CORP ~~Treasury~~88033G-10-0 ~~Cash~~12/31/01 ~~Reserves~~P ~~COM~~24,000 ~~60934N682~~58.7200 1596,~~160,072~~368.0058 1,~~160~~409,~~072~~280.00 SHTENET ~~Sole~~HEALTHCARE ~~1,160,072~~CORP ~~Morgan~~902124-10-6 (J12/31/01 P) &37,000 Co58.9000 ~~COM 616880100~~ 1,~~990~~650,~~192~~627.5090 442,~~325 SH Sole 44~~179,~~325~~300.00 ~~Morgan~~TYCO ~~Stanley~~INTERNATIONAL ~~Dean~~LTD ~~Witter~~902905-82-7 ~~Discover~~12/31/01 ~~COM~~P ~~617446448~~53,000 30.0000 1,~~177~~434,~~000~~180.00 221,590,000.00 SHU ~~Sole~~S ~~22,000~~X ~~Motorola~~MARATHON ~~Inc.~~GROUP ~~COM~~902973-30-4 ~~620076109~~12/31/01 ~~784,300.00~~P 55107,000 SH20.9300 ~~Sole~~2,364,578.15 552,~~000~~239,510.00 ~~Parker~~U ~~Hannifin~~S ~~Corp.~~BANCORP ~~COM~~DEL ~~701094104~~913017-10-9 ~~953,280.00~~12/31/01 P 24,000 SH64.6300 ~~Sole~~1,179,879.84 241,~~000~~551,120.00 ~~Philip~~UNITED ~~Morris~~TECHNOLOGIES ~~Co.~~CORP ~~Inc.~~91324P-10-2 ~~COM~~12/31/01 ~~718154107~~P 22,000 70.7700 399,162.50 1,~~850~~556,~~550~~940.00 ~~39,000~~UNITED SHHEALTH ~~Sole~~GROUP INC 92343V-10-4 12/31/01 P 39,000 ~~Reliant~~47.4600 ~~Energy Inc~~2,013,749.62 ~~COM 75952J108~~ 1,~~674~~850,~~250~~940.00 ~~37,000~~VERIZON SHCOMMUNICATIONS ~~Sole~~INC 37939322-10-3 12/31/01 P 43,000 ~~SBC~~32.7000 ~~Communications Inc~~755,201.24 ~~COM 78387G103~~ 1,~~428~~406,~~160~~100.00 ~~32,000~~WASHINGTON SHMUTUAL ~~Sole~~INC ~~32,000~~949746-10-1 ~~Sears~~12/31/01 ~~Roebuck~~P &48,000 Co43.4700 ~~COM 812387108~~ 1,~~834~~870,~~040~~094.0097 522,~~000~~086,560.00 SHWELLS ~~Sole~~FARGO ~~52,000~~& CO (NEW)

PREPARED BY: NORTH CENTRAL TRUST COMPANY TWR086 01 2/05/02 LIST OF ASSETS AS OF 12/31/01 17:01:04 PAGE 4 ACCOUNT 76-7553-00 LA CROSSE LARGE CAP STOCK FUND (ADM) MNP (INV) SJH INCOME 2,249,356.48 PRINCIPAL 2,249,356.41-

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