13F-HR 1 mam13f-021903.txt MONTGOMERY ASSET MANAGEMENT, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Quarter Ended: December 31, 2002 Check Here if Amendment [ ]; Amendment Number: This Amendment (check only one): [ ] is a restatement [ ] adds new holding entries Institutional Investment Manager Filing this Report: Name: Montgomery Asset Management, LLC Address: 101 California Street, 35th Floor San Francisco, CA 94111 Form 13F File Number: 28-3396 The institutional investment manager filing this report and the person by whom it is signed hereby represents 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: Dana Schmidt Title: Chief Administrative Officer Phone: (415) 248-6452 /s/ Dana Schmidt San Francisco, California February 14,2003 --------------------- ---------------------------- ---------------- 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 managers(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager is reported in this report and a portion is reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 355 Form 13F Information Table Value Total: $1,140,044,000 List of Other Included Managers: None NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE 3M Co Stock 88579Y101 $3,106 25,200 Sh Sole No 17,900 0 7,300 aaiPharma Inc. Stock 00252W104 $2,333 166,400 Sh Sole No 150,100 0 16,300 aaiPharma Inc. Stock 00252W104 $3,509 250,282 Sh Defined No 14,300 0 235,982 Abbot Laboratories Stock 002824100 $2,969 75,100 Sh Sole No 54,400 0 20,700 Abgenix Inc Stock 00339b107 $1,222 165,800 Sh Sole No 149,500 0 16,300 Abgenix Inc Stock 00339b107 $1,846 250,500 Sh Defined No 14,300 0 236,200 Accredo Health Inc Stock 00437v104 $2,496 70,800 Sh Sole No 63,800 0 7,000 Accredo Health Inc Stock 00437v104 $3,769 106,917 Sh Defined No 6,150 0 100,767 ADC Telecommunications, Inc. Stock 000886101 $2,016 924,700 Sh Sole No 625,000 0 299,700 Advanced Fibre Communications, Inc. Stock 00754A105 $1,473 86,000 Sh Sole No 57,900 0 28,100 Advisory Board Co Stock 00762w107 $2,682 89,700 Sh Sole No 80,900 0 8,800 Advisory Board Co Stock 00762w107 $4,039 135,100 Sh Defined No 7,700 0 127,400 Affiliated Computer Services, Stock 008190100 $2,753 52,800 Sh Sole No 34,300 0 18,500 Agco Corp Stock 001084102 $4,159 188,200 Sh Sole No 169,700 0 18,500 Agco Corp Stock 001084102 $6,273 283,853 Sh Defined No 16,200 0 267,653 Alcoa Inc. Stock 013817101 $1,292 56,700 Sh Sole No 40,900 0 15,800 Allergan, Inc. Stock 018490102 $1,994 34,600 Sh Sole No 24,600 0 10,000 Alliance Atlantis Communication Stock 01853e204 $2,364 220,900 Sh Sole No 199,300 0 21,600 Alliance Atlantis Communication Stock 01853e204 $3,471 324,410 Sh Defined No 18,000 0 306,410 Alliant Techsystems Inc. Stock 018804104 $4,804 77,050 Sh Sole No 60,050 0 17,000 Alliant Techsystems Inc. Stock 018804104 $3,919 62,849 Sh Defined No 3,600 0 59,249 Altria Group Stock 02209S103 $281 7,500 Sh Sole No 7,500 0 0 Amerada Hess Corp. Stock 023551104 $216 4,900 Sh Sole No 4,900 0 0 America Movil SA de C.V.ADR -Seri Stock 02364W105 $6,500 506,200 Sh Sole No 500,000 0 6,200 American Eagle Outfitters, Inc. Stock 02553E106 $182 12,000 Sh Sole No 12,000 0 0 American Express Stock 025816109 $2,630 74,750 Sh Sole No 54,850 0 19,900 American International Group Stock 026874107 $6,802 119,499 Sh Sole No 93,449 0 26,050 Amgen Stock 031162100 $2,619 53,784 Sh Sole No 39,384 0 14,400 Anadarko Pete Corp Com Stock 032511107 $1,514 31,610 Sh Sole No 22,910 0 8,700 Andrew Corp. Stock 034425108 $164 18,400 Sh Sole No 18,400 0 0 Andrx Corp. Stock 034553107 $5,423 369,700 Sh Sole No 293,600 0 76,100 Andrx Corp. Stock 034553107 $5,111 348,400 Sh Defined No 19,900 0 328,500 Anheuser-Busch Companies, Inc. Stock 035229103 $2,064 42,700 Sh Sole No 31,300 0 11,400 Ann Taylor Stores Corp. Stock 036115103 $1,364 66,800 Sh Sole No 60,200 0 6,600 Ann Taylor Stores Corp. Stock 036115103 $2,052 100,505 Sh Defined No 5,700 0 94,805 Anthem Inc Stock 03674B104 $2,233 36,200 Sh Sole No 27,100 0 9,100 AOL Time Warner Inc. Stock 00184A105 $1,256 123,700 Sh Sole No 89,900 0 33,800 Apollo Group, Inc - CL A Stock 037604105 $3,780 85,900 Sh Sole No 52,100 0 33,800 Applied Materials Stock 038222105 $2,765 219,600 Sh Sole No 155,300 0 64,300 Arbitron Inc Stock 03875Q108 $2,787 83,200 Sh Sole No 75,000 0 8,200 Arbitron Inc Stock 03875Q108 $4,204 125,507 Sh Defined No 7,200 0 118,307 Ascential Software Corp Stock 04362P108 $169 57,200 Sh Sole No 57,200 0 0

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE AT & T Stock 001957505 $2,810 147,080 Sh Sole No 99,980 0 47,100 AT&T Wireless Services Inc. Stock 00209A106 $942 160,000 Sh Sole No 107,200 0 52,800 Automatic Data Processing Inc Stock 053015103 $2,108 53,700 Sh Sole No 37,400 0 16,300 Avon Products Stock 054303102 $2,839 52,700 Sh Sole No 36,800 0 15,900 Baker Hughes Inc. Stock 057224107 $2,137 66,400 Sh Sole No 48,300 0 18,100 Ball Corp. Stock 058498106 $1,403 27,400 Sh Sole No 17,400 0 10,000 Banc One Corp. Stock 06423A103 $217 6,200 Sh Sole No 6,200 0 0 Bank of America Corp Stock 060505104 $5,066 73,000 Sh Sole No 54,900 0 18,100 Bank of New York Co. Inc. Stock 064057102 $660 27,550 Sh Sole No 27,550 0 0 Baxter International Inc Stock 071813109 $442 15,800 Sh Sole No 15,800 0 0 Bearingpoint Inc Stock 074002106 $104 15,200 Sh Sole No 15,200 0 0 Bed Bath & Beyond Stock 075896100 $2,210 64,000 Sh Sole No 34,000 0 30,000 BellSouth Corp. Stock 079860102 $1,718 77,000 Sh Sole No 54,500 0 22,500 Best Buy Company Stock 086516101 $2,046 84,300 Sh Sole No 61,500 0 22,800 Block, H & R Stock 093671105 $693 17,250 Sh Sole No 17,250 0 0 Blockbuster Inc Stock 093679108 $1,118 91,300 Sh Sole No 56,800 0 34,500 BMC Software Inc. Stock 055921100 $3,145 173,400 Sh Sole No 119,600 0 53,800 Boeing Company Stock 097023105 $1,376 41,700 Sh Sole No 29,500 0 12,200 Brasil Dist Pao Acu - ADR Stock 20440T201 $7,017 547,800 Sh Sole No 542,100 0 5,700 Brunswick Corp Stock 117043109 $2,560 128,900 Sh Sole No 82,300 0 46,600 Business Objects SA-SP ADR Stock 12328X107 $4,004 266,900 Sh Sole No 207,500 0 59,400 Business Objects SA-SP ADR Stock 12328X107 $2,741 182,700 Sh Defined No 12,400 0 170,300 California Pizza Kitchen, Inc Stock 13054D109 $4,430 175,800 Sh Sole No 158,500 0 17,300 California Pizza Kitchen, Inc Stock 13054D109 $6,686 265,311 Sh Defined No 15,200 0 250,111 CAREER EDUCATION CORP COM Stock 141665109 $1,356 33,900 Sh Sole No 30,600 0 3,300 CAREER EDUCATION CORP COM Stock 141665109 $2,048 51,200 Sh Defined No 2,900 0 48,300 Catepillar, Inc. Stock 149123101 $425 10,100 Sh Sole No 10,100 0 0 Charles River Laboratories Stock 159864107 $1,358 35,300 Sh Sole No 31,900 0 3,400 Charles River Laboratories Stock 159864107 $2,066 53,700 Sh Defined No 3,000 0 50,700 Charles Schwab Corp. Stock 808513105 $1,790 165,000 Sh Sole No 119,200 0 45,800 Check Point Software Technologies L Stock M22465104 $6,076 430,900 Sh Sole No 412,600 0 18,300 ChevronTexaco Corp Stock 166764100 $573 8,625 Sh Sole No 8,625 0 0 China Mobile Ltd. ADR Stock 16941M109 $3,965 350,900 Sh Sole No 343,500 0 7,400 ChoicePoint Inc. Stock 170388102 $2,255 57,100 Sh Sole No 35,700 0 21,400 Cia de Minas Buenaventura S.A ADR Stock 204448104 $5,732 211,200 Sh Sole No 208,500 0 2,700 Ciena Corp Com Stock 171779101 $1,092 212,400 Sh Sole No 147,100 0 65,300 Cisco Systems Stock 17275R102 $5,549 421,456 Sh Sole No 304,756 0 116,700 Citigroup Inc. Stock 172967101 $5,956 171,290 Sh Sole No 132,991 0 38,299 Citrix Systems, Inc. Stock 177376100 $1,466 119,000 Sh Sole No 74,600 0 44,400 Clear Channel Communications Corp. Stock 184502102 $2,392 68,300 Sh Sole No 46,700 0 21,600 Coca Cola Company Stock 191216100 $3,049 70,500 Sh Sole No 52,300 0 18,200 Comcast Corporation CL A Stock 20030N101 $5,103 207,771 Sh Sole No 144,721 0 63,050 Commonwealth Telephone Entrp Stock 203349105 $1,424 38,400 Sh Sole No 25,700 0 12,700 Compania Vale Do Rio Doce ADR Stock 204412100 $790 29,700 Sh Sole No 29,700 0 0

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Computer Sciences Corp Stock 205363104 $1,088 35,100 Sh Sole No 24,200 0 10,900 Comverse Technology, Inc. Stock 205862402 $111 12,601 Sh Sole No 12,601 0 0 Concord EFS Inc Stock 206197105 $174 15,800 Sh Sole No 15,800 0 0 ConocoPhillips Stock 20825c104 $526 10,875 Sh Sole No 10,875 0 0 Convergys Corp. Stock 212485106 $1,555 135,000 Sh Sole No 90,900 0 44,100 Cooper Companies Inc. Stock 216648402 $4,196 167,700 Sh Sole No 151,200 0 16,500 Cooper Companies Inc. Stock 216648402 $6,337 253,266 Sh Defined No 14,500 0 238,766 Copel ADR Stock 20441B407 $1,491 716,900 Sh Sole No 707,700 0 9,200 Corinthian Colleges, Inc. Stock 218868107 $2,696 71,200 Sh Sole No 64,200 0 7,000 Corinthian Colleges, Inc. Stock 218868107 $4,070 107,500 Sh Defined No 6,200 0 101,300 Costco Companies Inc Stock 22160k105 $2,297 81,750 Sh Sole No 67,750 0 14,000 Coventry Health Care Inc. Stock 222862104 $7,040 242,500 Sh Sole No 218,600 0 23,900 Coventry Health Care Inc. Stock 222862104 $10,623 365,946 Sh Defined No 20,900 0 345,046 Cox Communications Inc. Stock 224044107 $1,296 48,300 Sh Sole No 32,500 0 15,800 CSG Systems Intl Inc. Stock 126349109 $127 13,700 Sh Sole No 13,700 0 0 Cumulus Media Inc. Stock 231082108 $3,519 237,300 Sh Sole No 213,900 0 23,400 Cumulus Media Inc. Stock 231082108 $5,306 357,770 Sh Defined No 20,500 0 337,270 D R Horton Inc Com Stock 23331A109 $1,706 98,300 Sh Sole No 59,500 0 38,800 Dell Computer Stock 247025109 $4,713 191,450 Sh Sole No 134,750 0 56,700 Devon Energy Corp Stock 25179M103 $3,677 80,100 Sh Sole No 50,500 0 29,600 EBAY Inc. Stock 278642103 $4,384 63,000 Sh Sole No 44,000 0 19,000 Echostar Communications Stock 278762109 $1,956 79,800 Sh Sole No 53,600 0 26,200 Electronic Arts Inc. Stock 285512109 $2,238 45,000 Sh Sole No 27,800 0 17,200 Eli Lilly & Co Stock 532457108 $2,504 39,900 Sh Sole No 29,100 0 10,800 Emerson Electric Company Stock 291011104 $2,609 51,300 Sh Sole No 37,000 0 14,300 Emulex Corp. Stock 292475209 $1,567 84,500 Sh Sole No 76,200 0 8,300 Emulex Corp. Stock 292475209 $2,363 127,400 Sh Defined No 7,300 0 120,100 Ensco International, Inc. Stock 26874q100 $2,156 73,200 Sh Sole No 45,900 0 27,300 Entergy Corp. Stock 29364g103 $1,021 22,400 Sh Sole No 16,300 0 6,100 EOG Resources Inc. Stock 26875P101 $2,978 74,600 Sh Sole No 50,700 0 23,900 Estee Lauder Companies CL-A Stock 518439104 $1,690 64,000 Sh Sole No 45,700 0 18,300 Expedia Inc -CL A Stock 302125109 $1,847 27,600 Sh Sole No 17,300 0 10,300 Expeditors Int'l Stock 302130109 $1,205 36,900 Sh Sole No 23,100 0 13,800 Exxon Mobil Corp Stock 30231G102 $6,261 180,684 Sh Sole No 145,584 0 35,100 FAIRCHILD SEMICND INTL CL A Stock 303726103 $1,054 98,400 Sh Sole No 88,700 0 9,700 FAIRCHILD SEMICND INTL CL A Stock 303726103 $1,620 151,300 Sh Defined No 8,500 0 142,800 Fairmont Hotels & Resorts Stock 305204109 $3,139 133,300 Sh Sole No 124,100 0 9,200 Fairmont Hotels & Resorts Stock 305204109 $3,493 148,322 Sh Defined No 8,000 0 140,322 Federal Home Loan Mortgage Cor Stock 313400301 $2,920 49,700 Sh Sole No 35,900 0 13,800 Federal National Mortgage Associati Stock 313586109 $1,018 15,975 Sh Sole No 15,975 0 0 Federated Investors Stock 314211103 $1,152 45,400 Sh Sole No 28,800 0 16,600 First Data Corp Stock 319963104 $2,502 70,740 Sh Sole No 57,640 0 13,100 First Health Group Corp Stock 320960107 $3,194 131,150 Sh Sole No 103,550 0 27,600 Fomento Economico MX ADR Stock 344419106 $5,390 174,500 Sh Sole No 172,300 0 2,200

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Foot Locker Inc Stock 344849104 $253 25,800 Sh Sole No 25,800 0 0 Foot Locker Inc Stock 344849104 $1,108 105,500 Sh Sole No 95,100 0 10,400 Foot Locker Inc Stock 344849104 $1,706 162,500 Sh Defined No 9,100 0 153,400 Fox Entertainment Stock 35138T107 $3,320 128,700 Sh Sole No 86,700 0 42,000 FSI Flir Systems Stock 302445101 $2,381 48,800 Sh Sole No 44,000 0 4,800 FSI Flir Systems Stock 302445101 $3,589 73,550 Sh Defined No 4,200 0 69,350 FTI Consulting Inc Stock 302941109 $7,175 178,700 Sh Sole No 161,100 0 17,600 FTI Consulting Inc Stock 302941109 $10,801 269,008 Sh Defined No 15,400 0 253,608 Gap Stores Stock 364760108 $2,002 129,000 Sh Sole No 90,300 0 38,700 General Dynamics Corp Stock 369550108 $1,468 18,500 Sh Sole No 13,200 0 5,300 General Electric Stock 369604103 $8,058 334,497 Sh Sole No 267,397 0 67,100 Gilead Sciences Stock 375558103 $2,343 68,900 Sh Sole No 43,100 0 25,800 Global SantaFe Corp Stock g3930e101 $533 21,900 Sh Sole No 21,900 0 0 Golden West Financial Corp Stock 381317106 $3,138 43,700 Sh Sole No 31,700 0 12,000 Goldman Sachs Group Stock 38141G104 $1,810 26,800 Sh Sole No 20,500 0 6,300 Grainger W W Inc Com Stock 384802104 $3,629 70,400 Sh Sole No 42,400 0 28,000 Gray Television Inc. Stock 389375106 $2,116 217,000 Sh Sole No 196,000 0 21,000 Gray Television Inc. Stock 389375106 $3,198 328,000 Sh Defined No 19,000 0 309,000 G-Tech Holdings Corp. Stock 400518106 $5,165 185,400 Sh Sole No 167,200 0 18,200 G-Tech Holdings Corp. Stock 400518106 $7,786 279,480 Sh Defined No 16,000 0 263,480 Harman Int'l Stock 413086109 $6,991 117,500 Sh Sole No 96,400 0 21,100 Harman Int'l Stock 413086109 $7,394 124,274 Sh Defined No 7,100 0 117,174 HCA Inc - Health Care Corp Stock 404119109 $2,449 59,000 Sh Sole No 41,600 0 17,400 Health Net, Inc. Stock 42222g108 $3,894 147,500 Sh Sole No 87,100 0 60,400 Hewlett Packard Co Stock 428236103 $4,806 279,900 Sh Sole No 191,500 0 88,400 Hollywood Entertainment Corp. Stock 436141105 $8,277 549,600 Sh Sole No 496,600 0 53,000 Hollywood Entertainment Corp. Stock 436141105 $12,231 810,030 Sh Defined No 46,300 0 763,730 Home Depot Stock 437076102 $600 25,800 Sh Sole No 25,800 0 0 Hotel Reservations Inc Stock 44147t108 $1,726 31,600 Sh Sole No 19,800 0 11,800 Hughes Supply Inc Stock 444482103 $2,497 91,400 Sh Sole No 82,400 0 9,000 Hughes Supply Inc Stock 444482103 $3,762 137,709 Sh Defined No 7,900 0 129,809 Hunt (JB) Transprt Svcs Inc Stock 445658107 $3,097 105,700 Sh Sole No 95,300 0 10,400 Hunt (JB) Transprt Svcs Inc Stock 445658107 $4,653 158,800 Sh Defined No 9,100 0 149,700 Icos Corp. Stock 449295104 $1,742 74,400 Sh Sole No 67,100 0 7,300 Icos Corp. Stock 449295104 $2,629 112,300 Sh Defined No 6,400 0 105,900 Idec Pharmaceuticals Corp Stock 449370105 $2,926 88,200 Sh Sole No 54,600 0 33,600 IndyMac Bancorp, Inc Stock 456607100 $3,171 171,500 Sh Sole No 154,200 0 17,300 IndyMac Bancorp, Inc Stock 456607100 $4,910 265,555 Sh Defined No 15,200 0 250,355 Insight Communications, Inc. Stock 45768v108 $1,926 155,600 Sh Sole No 140,400 0 15,200 Insight Communications, Inc. Stock 45768v108 $2,902 234,400 Sh Defined No 13,400 0 221,000 Integrated Circuit Systems Stock 45811k208 $2,849 156,100 Sh Sole No 140,700 0 15,400 Integrated Circuit Systems Stock 45811k208 $4,290 235,064 Sh Defined No 13,500 0 221,564 Intel Corp. Stock 458140100 $4,106 263,715 Sh Sole No 199,915 0 63,800 International Business Machine Stock 459200101 $7,310 95,043 Sh Sole No 69,043 0 26,000

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Intersil Holding Corporation Stock 46069s109 $2,643 189,600 Sh Sole No 146,900 0 42,700 Intersil Holding Corporation Stock 46069s109 $2,140 153,500 Sh Defined No 8,800 0 144,700 Int'l Flavors & Fragrances Inc. Stock 459506101 $610 19,300 Sh Sole No 19,300 0 0 Inveresk Research Group Inc Stock 461238107 $3,846 178,300 Sh Sole No 160,800 0 17,500 Inveresk Research Group Inc Stock 461238107 $5,788 268,355 Sh Defined No 15,400 0 252,955 Investors Financial Services C Stock 461915100 $2,306 84,200 Sh Sole No 75,900 0 8,300 Investors Financial Services C Stock 461915100 $3,470 126,696 Sh Defined No 7,300 0 119,396 J P Morgan Chase & Co Inc Stock 46625h100 $2,213 93,200 Sh Sole No 76,400 0 16,800 Johnson & Johnson Stock 478160104 $5,383 100,800 Sh Sole No 79,200 0 21,600 Kimberly Clark Corp. Stock 494368103 $639 13,465 Sh Sole No 13,465 0 0 KLA-Tencor Corp. Stock 482480100 $2,029 57,800 Sh Sole No 38,300 0 19,500 Kohls Corp. Stock 500255104 $1,997 35,700 Sh Sole No 25,400 0 10,300 Kroll Inc. Stock 501049100 $4,911 257,400 Sh Sole No 232,100 0 25,300 Kroll Inc. Stock 501049100 $7,407 388,200 Sh Defined No 22,200 0 366,000 KT Corp - ADR Stock 48268K101 $2,573 142,550 Sh Sole No 97,950 0 44,600 Lamar Advertising Co Stock 512815101 $3,732 110,900 Sh Sole No 68,100 0 42,800 Lehman Brothers Holding, Inc Stock 524908100 $1,705 32,000 Sh Sole No 22,500 0 9,500 Lendingtree Inc Stock 52602q105 $1,833 142,300 Sh Sole No 128,300 0 14,000 Lendingtree Inc Stock 52602q105 $2,761 214,400 Sh Defined No 12,300 0 202,100 Lennar Corp. Stock 526057104 $1,785 34,600 Sh Sole No 20,700 0 13,900 Lexmark International, Inc. Stock 529771107 $1,633 28,400 Sh Sole No 19,100 0 9,300 Liberty Media Corp - A Stock 530718105 $1,711 198,500 Sh Sole No 134,100 0 64,400 Lin TV Corp - CL A Stock 532774106 $3,124 128,300 Sh Sole No 115,700 0 12,600 Lin TV Corp - CL A Stock 532774106 $4,592 188,582 Sh Defined No 11,000 0 177,582 Lowes Co Inc Stock 548661107 $1,924 51,300 Sh Sole No 35,900 0 15,400 LSI Logic Stock 502161102 $1,003 173,800 Sh Sole No 109,500 0 64,300 Macrovision Corporation Stock 555904101 $2,220 138,400 Sh Sole No 124,800 0 13,600 Macrovision Corporation Stock 555904101 $3,341 208,300 Sh Defined No 11,900 0 196,400 Marsh & McLennan Companies, Inc. Stock 571748102 $2,847 61,950 Sh Sole No 49,450 0 12,500 Masco Corp. Stock 574599106 $1,907 90,600 Sh Sole No 57,100 0 33,500 Matrixone Inc. Stock 57685P304 $59 16,300 Sh Sole No 16,300 0 0 MBNA Corp Stock 55262L100 $2,040 108,100 Sh Sole No 80,300 0 27,800 Medicis Pharmaceutical Cl A Ne Stock 584690309 $3,949 79,500 Sh Sole No 71,700 0 7,800 Medicis Pharmaceutical Cl A Ne Stock 584690309 $5,959 119,977 Sh Defined No 6,900 0 113,077 Medimmune Inc. Stock 584699102 $1,223 45,000 Sh Sole No 27,000 0 18,000 Medtronic Stock 585055106 $3,667 80,700 Sh Sole No 58,800 0 21,900 Merck & Company Stock 589331107 $4,412 78,615 Sh Sole No 61,215 0 17,400 Michaels Stores, Inc. Stock 594087108 $5,437 173,700 Sh Sole No 129,600 0 44,100 Michaels Stores, Inc. Stock 594087108 $3,493 111,605 Sh Defined No 6,400 0 105,205 Microchip Tech Stock 595017104 $2,956 120,900 Sh Sole No 76,300 0 44,600 Microsoft Corp Stock 594918104 $13,470 269,200 Sh Sole No 198,200 0 71,000 Microtune, Inc. Stock 59514P109 $57 30,900 Sh Sole No 30,900 0 0 Mobile TeleSystems -ADR Stock 607409109 $13,450 343,300 Sh Sole No 325,100 0 18,200 Movie Gallery Stock 624581104 $1,530 117,000 Sh Sole No 106,300 0 10,700

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Movie Gallery Stock 624581104 $2,130 163,882 Sh Defined No 9,300 0 154,582 Murphy Oil Corp. Stock 626717102 $2,040 47,600 Sh Sole No 30,000 0 17,600 Nabors Industry Stock g6359f103 $2,363 67,000 Sh Sole No 42,000 0 25,000 National-Oilwell, Inc. Stock 637071101 $2,996 137,200 Sh Sole No 123,700 0 13,500 National-Oilwell, Inc. Stock 637071101 $4,509 206,469 Sh Defined No 11,800 0 194,669 NetIQ Corp. Stock 64115p102 $2,284 184,900 Sh Sole No 166,700 0 18,200 NetIQ Corp. Stock 64115p102 $3,443 278,808 Sh Defined No 15,900 0 262,908 Netscreen Technologies Inc Stock 64117V107 $650 36,700 Sh Sole No 24,700 0 12,000 Neurocrine Biosciences Inc Stock 64125c109 $3,014 66,000 Sh Sole No 59,500 0 6,500 Neurocrine Biosciences Inc Stock 64125c109 $4,561 99,885 Sh Defined No 5,700 0 94,185 New York Times Co - Class A Stock 650111107 $4,341 95,900 Sh Sole No 66,400 0 29,500 Nextel Communications Inc-A Stock 65332v103 $3,004 260,100 Sh Sole No 164,400 0 95,700 Nextel Partners Inc Stock 65333f107 $3,019 497,300 Sh Sole No 448,600 0 48,700 Nextel Partners Inc Stock 65333f107 $4,533 746,800 Sh Defined No 42,900 0 703,900 Nokia ADR Stock 654902204 $1,393 102,600 Sh Sole No 71,500 0 31,100 Ntework Appliance, Inc. Stock 64120l104 $1,294 129,400 Sh Sole No 76,400 0 53,000 Oil Service Holders Trust Holder 678002106 $603 11,300 Sh Sole No 11,300 0 0 Open Text Corp. Stock 683715106 $2,372 86,900 Sh Sole No 62,600 0 24,300 Oracle Corp. Stock 68389X105 $4,781 430,350 Sh Sole No 307,550 0 122,800 Orbital Sciences Corp Warrants Warrants 685564130 $39 26,380 Sh Defined No 0 0 26,380 O'Reilly Automotive Stock 686091109 $1,254 49,600 Sh Sole No 44,700 0 4,900 O'Reilly Automotive Stock 686091109 $1,892 74,814 Sh Defined No 4,300 0 70,514 Overture Services Inc Stock 69039R100 $6,939 254,900 Sh Sole No 208,300 0 46,600 Overture Services Inc. Stock 69039r100 $7,102 260,039 Sh Defined No 14,900 0 245,139 Pacer International Inc Stock 69373h106 $2,027 152,400 Sh Sole No 137,500 0 14,900 Pacer International Inc Stock 69373h106 $3,030 227,829 Sh Defined No 13,100 0 214,729 Patina Oil & Gas Corporation Stock 703224105 $2,166 68,425 Sh Sole No 61,650 0 6,775 Patina Oil & Gas Corporation Stock 703224105 $3,269 103,275 Sh Defined No 5,850 0 97,425 Patterson-UTI Energy Inc Stock 703481101 $1,219 40,400 Sh Sole No 36,400 0 4,000 Patterson-UTI Energy Inc Stock 703481101 $1,842 61,064 Sh Defined No 3,500 0 57,564 Pepsi Bottling Group, Inc. Stock 713409100 $2,827 110,000 Sh Sole No 68,900 0 41,100 Pepsico, Inc. Stock 713448108 $3,561 84,900 Sh Sole No 62,400 0 22,500 Petco Animal Supplies Inc Stock 716016209 $1,622 69,200 Sh Sole No 62,400 0 6,800 Petco Animal Supplies Inc Stock 716016209 $2,430 103,669 Sh Defined No 5,900 0 97,769 Petroleo Brasileiro S.A. - ADR - A Stock 71654V101 $3,127 247,000 Sh Sole No 243,600 0 3,400 Pfizer Inc. Stock 717081103 $7,733 254,550 Sh Sole No 193,850 0 60,700 Pharmaceutical Resources, Inc. Stock 717125108 $10,001 335,600 Sh Sole No 289,200 0 46,400 Pharmaceutical Resources, Inc. Stock 717125108 $12,680 425,516 Sh Defined No 24,400 0 401,116 Pharmacia Corp. Stock 71713U102 $223 5,700 Sh Sole No 5,700 0 0 Platinum Underwriters Hldgs Stock g7127p100 $2,090 79,300 Sh Sole No 71,500 0 7,800 Platinum Underwriters Hldgs Stock g7127p100 $3,146 119,400 Sh Defined No 6,800 0 112,600 Polaris Industries Stock 731068102 $6,387 109,000 Sh Sole No 98,300 0 10,700 Polaris Industries Stock 731068102 $9,634 164,400 Sh Defined No 9,400 0 155,000 POSCO ADR Stock 693483109 $1,091 42,700 Sh Sole No 41,600 0 1,100

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Precision Drilling Corp Stock 74022d100 $3,208 98,600 Sh Sole No 88,900 0 9,700 Precision Drilling Corp Stock 74022d100 $4,843 148,836 Sh Defined No 8,400 0 140,436 Priority Health Care Ltd. Stock 74264T102 $4,380 188,800 Sh Sole No 170,200 0 18,600 Priority Health Care Ltd. Stock 74264T102 $6,601 284,523 Sh Defined No 16,300 0 268,223 Procter & Gamble Co Stock 742718109 $3,465 40,525 Sh Sole No 29,325 0 11,200 Providian Financial Corp. Stock 74406A102 $112 18,400 Sh Sole No 18,400 0 0 PT Telekomunikasi Indonesia ADR Stock 715684106 $957 124,400 Sh Sole No 84,100 0 40,300 Radian Group Inc Stock 750236101 $10,758 289,586 Sh Sole No 221,586 0 68,000 Radian Group Inc Stock 750236101 $7,894 212,500 Sh Defined No 11,900 0 200,600 Radio One, Inc. Stock 75040P405 $6,730 482,300 Sh Sole No 407,800 0 74,500 Radio One, Inc. Stock 75040p405 $7,910 548,166 Sh Defined No 31,300 0 516,866 Raytheon Co. Stock 755111507 $2,272 73,900 Sh Sole No 52,000 0 21,900 Rent-A-Center Inc. Stock 76009N100 $10,869 217,600 Sh Sole No 175,000 0 42,600 Rent-A-Center Inc. Stock 76009N100 $10,888 217,977 Sh Defined No 12,500 0 205,477 Rohm & Haas Co. Stock 775371107 $1,892 58,240 Sh Sole No 42,240 0 16,000 Ruby Tuesday, Inc. Stock 781182100 $2,616 151,300 Sh Sole No 136,500 0 14,800 Ruby Tuesday, Inc. Stock 781182100 $3,938 227,768 Sh Defined No 13,000 0 214,768 Safeway Inc. Stock 786514208 $349 17,300 Sh Sole No 17,300 0 0 Sasol Ltd. - ADR Stock 803866300 $184 17,700 Sh Sole No 0 0 17,700 Satyam Computer - ADR Stock 804098101 $323 32,300 Sh Sole No 32,300 0 0 SBC Communications Inc Stock 78387G103 $6,009 245,700 Sh Sole No 175,500 0 70,200 Scholastic Corp. Stock 807066105 $4,073 113,300 Sh Sole No 102,200 0 11,100 Scholastic Corp. Stock 807066105 $6,141 170,829 Sh Defined No 9,800 0 161,029 Scientific Games Corp Stock 80874p109 $1,564 215,400 Sh Sole No 194,200 0 21,200 Scientific Games Corp Stock 80874p109 $2,354 324,192 Sh Defined No 18,600 0 305,592 Scios Inc. Stock 808905103 $6,891 211,500 Sh Sole No 190,700 0 20,800 Scios Inc. Stock 808905103 $10,372 318,357 Sh Defined No 18,200 0 300,157 Serena Software Inc. Stock 817492101 $3,753 237,700 Sh Sole No 214,300 0 23,400 Serena Software Inc. Stock 817492101 $5,659 358,379 Sh Defined No 20,500 0 337,879 Skyworks Solutions Inc Stock 83088M102 $2,065 242,700 Sh Sole No 220,100 0 22,600 Skyworks Solutions Inc Stock 83088m102 $2,987 346,500 Sh Defined No 19,800 0 326,700 Southern Company Stock 842587107 $1,039 36,600 Sh Sole No 26,800 0 9,800 Southwest Airlines Stock 844741108 $1,878 135,100 Sh Sole No 94,800 0 40,300 SPDR Trust Series 1 Unit Trust 78462F103 $1,538 18,700 Sh Sole No 18,700 0 0 Sprint PCS Corp. Stock 852061506 $753 204,500 Sh Sole No 137,300 0 67,200 St. Paul Companies Stock 792860108 $2,036 59,800 Sh Sole No 35,800 0 24,000 STATION CASINOS INC COM Stock 857689103 $1,412 79,800 Sh Sole No 72,000 0 7,800 STATION CASINOS INC COM Stock 857689103 $2,142 121,000 Sh Defined No 6,900 0 114,100 STMicroelectronics N.V. - NY shs Stock 861012102 $1,350 78,700 Sh Sole No 53,700 0 25,000 Sun Microsystems Inc. Stock 866810104 $47 15,000 Sh Sole No 15,000 0 0 Symantec Corp Stock 871503108 $1,221 27,300 Sh Sole No 19,000 0 8,300 Taiwan Semiconductor ADR Stock 874039100 $244 38,094 Sh Sole No 12,922 0 25,172 Target Corp Stock 87612e106 $761 25,350 Sh Sole No 25,350 0 0 TCF Financial Corporation Stock 872275102 $3,176 72,700 Sh Sole No 45,500 0 27,200

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Telebras Holders ADR Stock 879287308 $2,328 143,900 Sh Sole No 142,100 0 1,800 Telefonos de Mexico ADR SA Stock 879403780 $12,315 425,980 Sh Sole No 405,680 0 20,300 Tenaris SA-ADR Stock 88031M109 $2,713 126,127 Sh Sole No 124,573 0 1,554 Teva Pharmaceutical Industries Ltd. Stock 881624209 $3,080 88,800 Sh Sole No 87,800 0 1,000 Texas Instruments Inc. Stock 882508104 $1,909 127,200 Sh Sole No 90,100 0 37,100 Time Warner Telecom Inc. Stock 887319101 $383 150,100 Sh Sole No 104,400 0 45,700 Titan Corp. Stock 888266103 $4,506 433,300 Sh Sole No 390,700 0 42,600 Titan Corp. Stock 888266103 $6,785 652,400 Sh Defined No 37,300 0 615,100 Toll Brothers Inc. Stock 889478103 $4,054 200,700 Sh Sole No 181,400 0 19,300 Toll Brothers Inc. Stock 889478103 $5,965 295,308 Sh Defined No 16,900 0 278,408 Tyco International Ltd Stock 902124106 $2,094 125,100 Sh Sole No 95,900 0 29,200 Uniao de Bancos Brasileiros S.A. Stock 90458E107 $6,588 593,500 Sh Sole No 586,800 0 6,700 Union Pacific Corp. Stock 907818108 $2,227 37,200 Sh Sole No 24,000 0 13,200 United Microelectronics Corp. -ADR Stock 910873207 $85 28,390 Sh Sole No 9,257 0 19,133 United Natural Foods Inc Stock 911163103 $2,228 87,900 Sh Sole No 79,300 0 8,600 United Natural Foods Inc Stock 911163103 $3,339 131,700 Sh Defined No 7,500 0 124,200 United Technologies Corp. Stock 913017109 $501 8,400 Sh Sole No 8,400 0 0 USA Interactive Stock 902984103 $2,227 101,000 Sh Sole No 68,900 0 32,100 Utstarcom Inc. Stock 918076100 $4,499 245,600 Sh Sole No 242,500 0 3,100 Varian Inc Com Stock 922206107 $1,262 44,000 Sh Sole No 39,700 0 4,300 Varian Inc Com Stock 922206107 $1,902 66,288 Sh Defined No 3,800 0 62,488 Veridian Corp Stock 92342r203 $1,097 51,400 Sh Sole No 46,400 0 5,000 Veridian Corp Stock 92342r203 $1,686 79,024 Sh Defined No 4,400 0 74,624 Verisign Inc. Stock 92343E102 $138 18,900 Sh Sole No 18,900 0 0 Veritas Software Corp. Stock 923436109 $1,978 118,100 Sh Sole No 80,700 0 37,400 Verizon Communications Stock 92343V104 $6,870 184,700 Sh Sole No 131,900 0 52,800 Viacom Inc, Class B Shares Stock 925524308 $6,951 181,800 Sh Sole No 128,200 0 53,600 W.R. Berkley Corp. Stock 084423102 $3,088 77,950 Sh Sole No 70,300 0 7,650 W.R. Berkley Corp. Stock 084423102 $4,624 116,744 Sh Defined No 6,700 0 110,044 Wachovia Corp Stock 929903102 $202 5,900 Sh Sole No 5,900 0 0 Walgreen Co. Stock 931422109 $2,050 70,600 Sh Sole No 52,200 0 18,400 Wal-Mart Stores Inc. Stock 931142103 $6,780 135,300 Sh Sole No 102,900 0 32,400 WebEx Communications Inc Stock 94767L109 $3,270 218,000 Sh Sole No 196,600 0 21,400 WebEx Communications Inc Stock 94767L109 $4,925 328,354 Sh Defined No 18,800 0 309,554 Websense Inc Stock 947684106 $1,651 77,300 Sh Sole No 69,700 0 7,600 Websense Inc Stock 947684106 $2,486 116,400 Sh Defined No 6,700 0 109,700 Weight Watchers Intl Inc Stock 948626106 $2,179 47,400 Sh Sole No 29,700 0 17,700 Wellpoint Health networks Stock 94973H108 $305 4,700 Sh Sole No 4,700 0 0 Wells Fargo & Co Stock 949746101 $1,777 38,100 Sh Sole No 23,500 0 14,600 Westwood One Inc. Stock 961815107 $2,892 77,400 Sh Sole No 48,800 0 28,600 Weyerhaeuser Co. Stock 962166104 $599 12,175 Sh Sole No 12,175 0 0 Wyeth Stock 983024100 $207 5,800 Sh Sole No 5,800 0 0 XTO Energy Inc. Stock 98385x106 $3,904 158,050 Sh Sole No 142,500 0 15,550 XTO Energy Inc. Stock 98385x106 $5,881 238,103 Sh Defined No 13,600 0 224,503

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS (/1000) PRINCIPAL PRIN CALL DISCRETION MGRS SOLE SHARED NONE Yahoo! Inc. Stock 984332106 $4,315 257,300 Sh Sole No 165,100 0 92,200 Yellow Corp Stock 985509108 $4,194 166,500 Sh Sole No 140,200 0 26,300 Yellow Corp Stock 985509108 $4,946 196,358 Sh Defined No 11,200 0 185,158 Zoran Corp. Stock 98975f101 $4,410 313,449 Sh Sole No 253,849 0 59,600 Zoran Corp. Stock 98975f101 $4,491 319,178 Sh Defined No 18,300 0 300,878 TOTAL $1,140,044

MONTGOMERY ASSET MANAGEMENT L P /CA 13F-HR