SPDRS - SPY

Top 10 Holdings as of 03/31/03

1.	Microsoft Corp	3.30%
2.	General Elec Co	3.23%
3.	Exxon Mobil Corp	3.00%
4.	Wal Mart Stores Inc	2.93%
5.	Pfizer Inc	2.45%
6.	Citigroup Inc	2.26%
7.	Johnson + Johnson	2.19%
8.	International Business Machs	1.69%
9.	American Intl Group Inc	1.64%
10.	Merck + Co Inc	1.57%