UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE, SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2000
[_] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
for the transition period from __________ to __________
Commission file number 000-19483
A. Full title of the plan and the address of the plan, if difference from
that of the issuer named below:
SOUTHWEST SECURITIES GROUP 401(K) PROFIT SHARING PLAN
B. Name of issuer of these securities held pursuant to the plan and the
address of its principal executive office:
SOUTHWEST SECURITIES GROUP, INC.
1201 Elm Street, Suite 3500
Dallas, Texas 75270
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Financial Statements and
Supplemental Schedule
December 31, 2000 and 1999
(With Independent Auditors' Report Thereon)
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Table of Contents
Page
Independent Auditors' Report 1
Statements of Net Assets Available for Benefits -
December 31, 2000 and 1999 2
Statements of Changes in Net Assets Available for Benefits -
Years ended December 31, 2000 and 1999 3
Notes to Financial Statements 4
Schedule
Schedule of Assets Held for Investment Purposes at End of Year -
December 31, 2000 8
Signature 42
Exhibit - Consent of Independent Auditors 43
Independent Auditors' Report
The Trustees Committee
Southwest Securities Group
401(K) Profit Sharing Plan:
We have audited the accompanying statements of net assets available for benefits
of Southwest Securities Group 401(K) Profit Sharing Plan as of December 31, 2000
and 1999, and the related statements of changes in net assets available for
benefits for the years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of Southwest
Securities Group 401(K) Profit Sharing Plan as of December 31, 2000 and 1999,
and the changes in net assets available for benefits for the years then ended in
conformity with accounting principles generally accepted in the United States of
America.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets held
for investment purposes at end of year is presented for the purpose of
additional analysis and is not a required part of the basic financial statements
but is supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedule has been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.
KPMG LLP
Dallas, Texas
June 8, 2001
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Statements of Net Assets Available for Benefits
December 31, 2000 and 1999
2000 1999
------------------------------
Investments, at fair value (notes 4 and 5):
Common stock $ 21,472,906 27,349,098
Southwest Securities Group Inc. Common Stock 5,124,755 4,701,902
Money market funds 6,768,789 11,605,085
Government securities 998,061 1,365,526
Mutual funds 17,288,093 10,870,920
Common/collective trusts 3,390,885 --
Corporate bonds and debentures 598,101 570,608
Preferred stock 102,010 178,069
Other assets 333,911 --
Notes receivable from participants 2,090,940 2,217,157
------------------------------
Total investments 58,168,451 58,858,365
------------------------------
Receivables:
Employer contributions (note 2(a)) 2,833,791 5,801,603
Participant contributions 1,560 --
Other 929 --
------------------------------
Total receivables 2,836,280 5,801,603
Cash 53,073 --
------------------------------
Net assets available for benefits $ 61,057,804 64,659,968
==============================
See accompanying notes to financial statements.
2
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2000 and 1999
2000 1999
--------------- ---------------
Additions (deductions) to net assets attributed to:
Investment income (loss) (note 4):
Net appreciation (depreciation) in fair value of
investments $ (8,467,456) 10,692,423
Interest and dividends 855,175 1,770,358
--------------- ---------------
(7,612,281) 12,462,781
--------------- ---------------
Contributions:
Employer (net of forfeitures) 5,274,005 5,801,603
Participant contributions 3,651,959 --
Participant rollovers from other plans 865,139 355,635
--------------- ---------------
9,791,103 6,157,238
--------------- ---------------
Total additions 2,178,822 18,620,019
--------------- ---------------
Deductions from net assets attributed to:
Benefits paid to participants (5,709,041) (4,643,301)
Administrative expenses (71,945) --
--------------- ---------------
Total deductions (5,780,986) (4,643,301)
--------------- ---------------
Net increase (decrease) (3,602,164) 13,976,718
Net assets available for benefits, beginning of year 64,659,968 50,683,250
--------------- ---------------
Net assets available for benefits, end of year $ 61,057,804 64,659,968
=============== ===============
See accompanying notes to financial statements.
3
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2000 and 1999
(1) Summary of Significant Accounting Policies
(a) General
The Southwest Securities Group 401(K) Profit Sharing Plan (Plan) is a
defined contribution plan covering all employees of companies
affiliated with the Southwest Securities Group, Inc. (Company or
Employer) who meet certain minimum hours of service requirements. The
Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (ERISA). Participants should refer to the Plan
agreement for a more complete description of the Plan's provisions.
(b) Basis of Presentation
The accompanying financial statements have been prepared on the
accrual basis and present the net assets available for benefits and
changes in those net assets.
(c) Administration
The Plan is administered by a Trustees Committee appointed by the
Company's Board of Directors. The Trustees of the Plan were Charles
Schwab Trust Company and Westwood Trust Company, an affiliate of
Southwest Securities Group, Inc., and National Financial Services
Corporation and Subsidiaries for 2000 and 1999, respectively. Expenses
of the Plan totaled $71,945 for 2000 and were paid out of Plan assets.
All expenses of the Plan for 1999 were paid by the Company.
(d) Use of Estimates
The preparation of the financial statements in conformity with
accounting principles generally accepted in the United States of
America requires the Plan administrator to use estimates and
assumptions that affect the reported amounts of net assets available
for benefits and disclosure of contingent net assets available for
benefits at the date of the financial statements and the reported
amounts of changes in net assets available for benefits during the
reported period. Actual results could differ from these estimates.
(2) Contributions
(a) Employer
The Company contributes 100% of the first 4% of compensation that a
participant contributes into the Plan. The Board of Directors of the
Company determines the amount of discretionary Employer contribution
to the Plan each year. The contribution may not exceed the lesser of
15% of the total annual compensation paid to the participants or the
Employer's net profits before taxes. These contributions are allocated
to each participant in the ratio of each participant's covered
compensation to the total covered compensation of all participants. No
contribution is required to be made by the Employer.
The carrying amount of the Employer's contributions receivable
approximates fair value at December 31, 2000 and 1999, due to the
short term nature of the account.
(Continued)
4
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2000 and 1999
(b) Participant Contributions
Beginning January 1, 2000, participants may contribute up to 10% of
pretax annual compensation, as defined by the Plan. Participants may
also contribute amounts representing distributions from other
qualified defined benefit or defined contribution plans. Participants
direct the investment of their contributions into various investment
options offered by the Plan. Participant contributions are limited to
$10,500 during the 2000 Plan year.
(c) Forfeitures
Forfeitures reduce Employer contributions for the year in which the
forfeitures occur and are allocated to participants in the same manner
as are contributions.
(3) Eligibility and Vesting
(a) Eligibility
Employees of the Company are eligible to participate in the Plan
beginning the first day of the month following the date of employment
and those working a minimum of 1,000 hours a year qualify for vesting
in the discretionary Employer contributions. Participant deferrals and
Employer matching contributions are immediately vested.
(b) Vesting
The qualified employee's interest in his or her account balance
attributable to discretionary Employer contributions vests over six
years as follows:
Years Percentage
of service vested
------------------- ----------------
Less than 2 0%
2 years 20%
3 years 40%
4 years 60%
5 years 80%
6 years 100%
(c) Plan Benefits
The vested portion of the accrued benefit of a participant upon
termination or retirement is his or her plan benefit. Normal
retirement age as elected by the Company is 55. Several options for
payment are available and all require the agreement of the
participant.
(Continued)
5
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2000 and 1999
(4) Investments and Investment Income
Effective January 1, 2000, all investments, except those held by Westwood
Trust Company, an affiliate of Southwest Securities Group, were transferred
to Charles Schwab Trust Company. In 1999, all investments were held by
National Financial Services Corporation, Westwood Trust Company or
Southwest Securities, Inc. The Company maintains a self-directed plan with
separate, segregated accounts and each participant's income or loss,
including market fluctuations, is applied directly to the participant's
account.
Investments are carried at fair value based on quoted market prices, if
available. Securities for which there are no quoted prices readily
available or which are not readily marketable are carried at fair value as
determined by the Company. The fair value of investment securities as
determined by the Company at December 31, 1999 totaled approximately
$260,000. The fair values of all securities held at December 31, 2000 are
based on quoted market prices.
Investments greater than 5% of net assets available for benefits at
December 31, 2000 and 1999 are as follows:
2000 1999
---------------- ------------
Common stock, Southwest Securities
Group, Inc.:
Shares 274,542 173,342
Cost $ 4,963,497 2,429,535
Fair value 5,124,755 4,701,902
Money market funds, Schwab 6,697,767 --
Common/collective trusts, Schwab 3,390,885 --
The Plan holds investments in related parties (including Southwest
Securities Group, Inc.) with market values of $22,083,079 and $11,411,947
at December 31, 2000 and 1999, respectively. During the years ended
December 31, 2000 and 1999, the Plan received dividends from investments in
Southwest Securities Group, Inc. totaling approximately $76,000 and
$50,000, respectively.
During the years ended December 31, 2000 and 1999, the Plan's investments,
including those bought, sold and held during the year, appreciated
(depreciated) in value as follows:
2000 1999
---------------- ----------------
Common stock $ (4,708,288) 9,656,237
Government securities (1,834,503) (156,749)
Mutual funds (1,769,969) 1,297,568
Corporate bonds and debentures (118,058) (102,895)
Preferred stock (7,719) (1,738)
Other (28,919) --
---------------- ----------------
$ (8,467,456) 10,692,423
================ ================
(Continued)
6
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2000 and 1999
Included in net appreciation in common stock is appreciation (depreciation)
on investments in Southwest Securities Group, Inc. of approximately
($98,745) and $2,700,000 for the years ended December 31, 2000 and 1999,
respectively.
(5) Notes Receivable from Participants
As allowed by the Plan, loans have been made to numerous participants.
Loans are limited to a maximum term of five years except when the loan is
used to acquire the principal residence of the participant. Loan amounts
are limited to 50% of the respective participant's nonforfeitable accrued
benefit at the time of the loan less the highest outstanding loan balance
over the previous 12 months up to a maximum total of $50,000. Interest
rates range from 8% to 9% at December 31, 2000.
(6) Tax Status
The Company has modeled its Plan on a prototype plan for which a favorable
tax determination letter has been received from the Internal Revenue
Service. The Plan has not applied for a determination letter. The Plan
Administrator believes that the Plan is currently designed and being
operated in compliance with the applicable requirements of the Internal
Revenue Code. Therefore, the Plan was qualified and the related trust was
tax-exempt as of the financial statement date.
(7) Plan Termination
Although it has not expressed any intent to do so, the Company may
terminate the Plan at any time subject to the provisions of ERISA. In the
event of a Plan termination, the rights of each participant to the amount
in his or her account on the date of such termination shall be fully vested
and nonforfeitable.
7
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ------------------ ----------------
Common Stock
AT&T Corp. Frmly American Tel & Teleg Co 9,356 $ 161,388
ATI Technologies 600 3,450
AASTROM Biosciences Inc. 1,000 875
Abbott Laboratories 420 20,344
Absolute Future Com 1,800 506
Access Pwr Inc. 425 38
Accrue Software Inc. 30 75
Ace Cash Express Inc. 1,612 17,430
Active Power Inc. 100 2,194
Actv Inc. 300 1,275
Adaptec 200 2,050
Adv Fibre Commun Inc. 600 10,838
Advance Paradigm Inc. 300 13,650
Advanced Materls Grp Inc. 25 12
Advanced Micro Devices 940 12,984
Advanced Radio Telecom 20,000 20,626
Advent Software Inc. 300 12,019
Aetna Inc. New 100 4,106
Aetrium Inc. New 900 2,475
Affinity Tech Group 200 25
Affymetrix Inc. 66 4,913
AGCO Corp. 1,400 16,975
Agency.com LTD 1,000 3,875
Agilent Technologies Inc. 200 10,950
Airborne Inc. 500 4,875
AKZO Nobel N Vspons ADR 143 7,615
Aladdin Intl Inc. MINN 1,103 --
Albertsons Inc. 820 21,730
All Amern Semiconductor 2,500 22,500
Allaire Corp. 100 503
Allegiance Telecom Inc. 187 4,164
Allegiant BanCorp. Inc. 559 4,996
Allete 200 4,963
Alliance Fiber Optic Prods Inc. 1,000 6,000
Allied Devices Corp. 2,000 4,875
Allied Riser Commun 400 813
Allied Waste Inds. Inc. 250 3,641
Allis Chalmers Corp. 3 4
Allstate Corp. 1,184 51,578
AM PAC International 2,000 60
Amazon.com 1,710 26,612
AMBanc Holding Co 1,200 19,650
AMC Entertainment Inc. 100 400
Amer Biogen Science CL A 2,735 1,880
(Continued)
8
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ ------------------ ----------------
America Online 8,073 $ 280,940
American Commun Enterprises 1,000 105
American Express Co. 160 8,790
American General Corp. 750 61,125
American Home Products 900 57,195
American International Group 150 14,784
American INTL Pete Corp. NEW 203,500 25,438
American Pad & Paper Co. 1,825 4
American Skiing Corp. 1,000 1,438
American Software CL A 150 206
American STS WTR Co. 200 7,375
American Telesource INTL 4,500 1,688
American Wagering 1,000 344
American WTR wks American Water Works Inc.. 1,000 29,375
Ameripath Inc. 400 10,000
Ameriquest Tech Inc. 200 36
Ameritrade HLDG CP CL A 420 2,940
Amern Diversified GRP Inc. 61,000 4,575
AMGEN Incorporated 257 16,432
AMKOR Technology Inc. 300 4,655
Ampex Corp. CL A 3,125 1,172
AMR Corp. 10 392
Amresco Inc. NEW 1,055 1,517
Amtech Sys Inc. NEW 100 800
Amtrust Capital Corp. 225 1,114
Anglogold Ltd 2,750 41,078
Anheuser Busch Co Inc. 500 22,750
Apple Computer Inc. 1,270 18,891
Applera Celera Genomics 50 1,806
Applied Digital Solutions 375 258
Applied Materials Inc. 1,000 38,188
Applied Signal Technology Inc. 100 509
Apponline.com Inc. 32 --
Aqua Vie Beverage CP 2,300 552
ARC Wireless Solutions Inc. 1,000 250
ARCH Wireless 75 47
Archer Daniels Midland Corp. 210 3,150
Arm HLDGS PLC ADR 25 564
Arrow Magnolia International 532 964
Ask Jeeves Inc. 50 122
Aspect Communications Corp. 350 2,816
Astrazeneca Plc 166 8,549
AT&T Wireless 150 2,597
At Home Corp. Cl A 730 4,038
Atmel Corp. 1,000 11,625
(Continued)
9
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ ------------------- ----------------
Atwood Oceanics Inc. 200 $ 8,762
Aurora Bulb Corp. 20 --
Auspex Sys Inc. 400 2,800
Autoco.com Inc. 300 15
Autodesk 1,000 26,938
Autolend Group 400 25
Avanir Pharmaceuticals 125 641
Avaya Inc. 350 3,609
Avenue Entmt Group Inc. 100 22
Axs One Inc. 150 103
B E Aerospace Inc. 300 4,800
BMC Software Inc. 6,100 85,400
BP Prudhoe Bay RTY TR 1,500 18,563
BUM Inl Inc. 20 --
Backweb Technologies Ltd 100 675
Baker Hughes Inc. 300 12,469
Baker J. Inc. 2,000 9,000
Ballard Power Systems F 50 3,158
Baltimore Tech PLC ADR 200 1,975
Bangor Hydro Elec Co. 800 20,550
Bank of America Corp. 1,188 54,500
Banyan Corp. Oregon New 300 12
Bargo Energy Co. 10,000 7,500
Barnesandnoble.com 1,375 1,805
Baxter International 100 8,831
Bay State Bancorp. Inc. 1,150 32,344
Be Free Inc. 1,000 2,188
Bear Stearns Inc. 491 24,888
Bed Bath and Beyond 1,000 22,375
Bellsouth Corp. 225 9,211
Bellwether Explor 1,000 8,500
Belo A H Corp. 200 3,200
Bema Gold Corp. 500 125
Ben Ezra Weinstein 83 1
Benton Oil & Gas 2,000 3,125
Benz Energy Inc. 3,000 20
Berkshire Hathaway 1 2,354
Best Buy Inc. 100 2,956
Beyond.com Corp. 2,700 422
Bico Inc. 1,000 49
Biomira Inc. 3,480 18,705
Bionova HLDG Corp. 100 150
Blockbuster Inc. 20 169
Blue Dolphin Energy 500 1,500
Blue Martini Software Inc. 50 663
(Continued)
10
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ------------------ ----------------
Boeing Co. 200 $ 13,200
Bombay Company Inc. 300 581
Books A Million 500 688
Boots & Coots/Intl Well 5,400 2,363
Borg Warner Inc. 85 3,400
Boston Chicken Inc. 1,200 5
Bouyuges Offshre SA ADR 100 2,294
Boyd Gaming Corp. 2,000 6,875
Brandera.com Inc. 200 38
Brass Eagle Inc. 400 3,050
Breakaway Solutions Inc. 300 263
Brinker Intl' 400 16,900
Bristol Myers Squibb 2,508 185,435
Broadcom Corp. Cl A 10 840
Brocade Communs Sys Inc. 20 1,836
Brooktrout Inc. 30 284
Butler Natl Corp. 25,000 2,250
Buy Com Inc. 367 241
B2B Internet Holdrs TR 100 1,781
CEC Entertainment Inc. 100 3,413
CFI Mortgage Inc. 5,000 1,200
CFS International Inc. 1,000 140
CMGI Inc. 2,271 12,704
Cp Pokphand Co. LTD 1,000 15
CT Holdings Inc. 6,015 1,692
C-Cube Microsystems Inc. New 300 3,694
CA Water Service Group 500 13,500
Cabletron Sys Inc. 275 4,142
Cadema Corp. 2,000 54
Cadence Design 297 8,168
Cal Fed Bank 184 115
California Federal Bank 184 357
Calton Inc. New 380 1,330
Camelot Corp. 125 1
Canadian 88 Energy Corp. 5,000 13,500
Canarc Resource Corp. 571 65
Candies Inc. 500 406
Canyon Resources CP New 500 500
Capital One Financial 1,500 98,719
Capstone Turbine Corp. 200 5,600
Carematrix Corp. NEW 25 5
Carrizo Oil & Gas 500 4,563
Carver BanCorp. 2,725 26,569
Caterpillar Inc. 300 14,194
Cavalier Homes Inc. 26,968 23,597
(Continued)
11
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ---------------- ----------------
CD Warehouse 3,650 $ 1,483
Cel-Sci Corp. 50 75
Cell Robotics Intl 5,000 2,500
Cellstar Corp. 15,600 22,425
Celsion Corp. 4,600 4,600
Cendant Corp. 400 3,850
Charter Communications 180 4,084
Chase Manhattan Corp. 225 10,223
Check Pt Software tech 100 13,356
Chesapeake Energy Corp. 300 3,038
Chevron Corp. 320 27,020
Chicos Fas Inc. 300 6,263
Childrobics Inc. 1,000 10
China Unicom LTD ADR 100 1,475
Chinadotcom Corp. 2,000 9,000
Chiron Corp. 1,000 44,500
Chromavision Med Systems 1,200 3,150
Chronimed Inc. 1,700 20,613
Church & Dwight Co Inc. 200 4,450
Ciena Corp. 140 11,375
Cierra Pacific Ventures 100 17
Cima Labs Inc. 10,760 700,073
Cincinnati Microwave 10,000 10
Cisco Systems Inc. 18,995 726,559
Citigroup Inc. 1,660 84,753
Citizens Communications 2,000 26,250
Citrix Systems 895 20,138
CKE Restaurants 1,500 4,125
Clear Channel Commun 423 20,489
Clearworks.net 100 131
CML Group Inc. 950 3
CMS Energy Corp. 948 30,040
CNET Networks Inc. 130 2,080
Coca Cola Company 1,181 71,967
Coeur D Alene Mines CP 12,400 11,625
Coho Energy Inc.New 8 26
Columbia FINL KY Inc. 300 2,344
Comanche Energy Inc. 2,000 280
ComDial Corp. 200 206
Commerical Metals Co. 500 11,125
Commscope Inc. 100 1,656
Communication Intelligence Corp. 1,500 1,547
Compaq Computer Corp. 8,951 134,714
Comparator Systems Corp. 2,200 2
Compass Data Sys 9 --
(Continued)
12
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- -------------------------------------------------------------------- -------------------- ----------------
Compusonics Video 2,000 $ 36
Computer Assoc Intl 2,534 49,413
Computer Network Tech 35 1,008
Compuware 400 2,500
Com21 Inc. 1,000 4,688
Conagra Foods Inc. 1,300 33,800
Conexant Systems Inc. 300 4,613
Conoco Inc. 120 3,473
Conseco 100 1,325
Consolidated Eco-systems 4,300 4
Constellation Energy Inc. 1,400 63,088
Consygen Inc. 73,500 8,085
Continental Energy CP 5,000 1,405
Contl Investment Corp. 100 28
Coram Healthcare Corp. 400 172
Corel Corp. 2,865 4,566
Corning Inc. 1,160 61,263
Corsair Commun Inc. 200 1,425
Craftmade INTL 2,250 15,891
Cray Inc. 1,000 1,500
Crescent Oper Inc. 1,200 750
Crescent Real Est. 750 16,688
Customer Sports Inc. 4,000 60
Cyber Care Inc. 500 1,063
Cygne Designs Inc. 1,000 280
Cyntech Technologies Inc. 302 60
Cypress Biosciences Inc. 3,000 1,781
Cypress Semiconductor Corp. 40 788
Cysive Inc. 130 536
Daimlerchrysler AG 124 5,109
Dain Rauscher Corp. 7 666
Dallas Semiconductor CP 1,400 35,875
Danaher Corp. Del 200 13,675
Data Broadcasting Corp. 150 525
Data Race Inc. 2,100 1,575
Data Return Corp. 673 2,524
Dave & Buster's Inc. 1,000 11,000
Dawcin Intl Corp. 12 --
Dayton Mining Corp. 200 25
Deere & Co. 10 461
Del Global Technologies Corp. 1,000 2,000
Dell Computer Corp. 40,411 704,667
Denbury Res Inc. 2,000 22,000
Developed Technology NEW 134 232
Digital Courier Techs 200 75
(Continued)
13
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ---------------- ----------------
Digital Impact Inc. 3,000 $ 7,031
Dionex Corp. 800 27,600
Diversinet 32 72
Devine Interventures 100 156
Docucorp. 1,620 3,240
Donald Luf Jen DLJDirect 750 2,813
Doreal Energy Corp. 1,000 300
Dover Downs Entmt 25 280
Dow Chem 200 7,325
Dragon Eviro 10,000 40
DSL.NET Inc. 350 186
Du Pont EIDE Nemours & Co 369 17,827
Dualstar Tech 200 56
Duke Energy 200 17,050
Durban RDPT DP ADR F 6,125 4,020
Dwyer Group Inc. 12,700 23,813
E Digital Corp. 6,000 10,128
EMC Corp. Mass 1,792 119,168
E M C E E Broadcast Prods 100 97
EW Blanch Holding 500 8,719
E-stamp Corp. 200 38
E-trade Group 590 4,351
Eagle Geophysical 1,159 5
Earth Sciences 1,250 375
Earhnet.tv Inc. 200 40
Earthshell Container CP 100 128
East Rand Propietary ADR 15,000 15
East Tex Finl Svcs 300 2,550
Ebay Inc. 114 3,762
Ebix.com Inc. 600 281
Echelon Corp. 2,840 45,618
Ecom Ecom Com Inc. 550 55
Econnect 4,516 1,400
Edison International 100 1,563
Educational Development Corp. 100 300
Edulink 4,000 92
Edwards Lifesciences 6,530 115,908
EEX Corp. 20,000 97,500
EFC BanCorp. 300 3,113
Efficient Networks Inc. 100 1,425
Egghead.com 100 59
El Paso Electric 10,670 140,844
Elan Corp. 266 12,452
Electronic Data Sys Corp. 5 294
Electrosource Inc. 1,500 1,359
(Continued)
14
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ ------------------- ----------------
ELXSI Corp. 800 $ 7,400
Empire Federal CanCorp. 2,600 31,200
Emulex Corp. New 600 47,963
Encore Wire Corp. 195,195 1,134,571
Enter Tech Corp. 500 40
Entrust 112 1,456
Enviro Safeguard Inc. 1,000 156
Environmental Constr Prods 900 99
Environmental Tech USA 1,000 1
Envirotech Sys Inc. 400 4
Eprise Corp. 30,000 54,375
Equidyne Corp. 1,300 4,794
Ericsson Tel ADR NEW 2,190 24,501
Etoys Inc. 1,200 225
Euro DIS Frch Exp 1,000 10
Evolve One 10,500 357
Ewrx Internet Sys Inc. 800 56
Excelon Corp. 2,700 4,050
Exco Resources Inc. 1,500 23,438
Exodus Commun Inc. 140 2,800
Exploration Co. NEW 5,200 15,275
Extreme Networks Inc. 200 7,825
Exxon Mobil Corp. 1,480 128,668
FVNB Corp. 404 14,090
FX Energy 200 713
Fannie Mae 200 17,350
Fedex Corp. 500 19,980
First Banks America Inc. 1,146 20,198
First Fidelity Accept Cp 30,000 27
First Securityfed FINL Inc. 600 8,925
First Un Corp. 546 15,186
First Energy Corp. 157 4,955
FirstFed Amern BanCorp. 400 6,400
FirstPlus Finl Group Inc. 5,000 425
FlexCel Intl Inc. 20,000 20
Flex Intl Software Inc. 1,000 110
Fonix Corp. 5,600 1,708
Ford Motor Company 2,342 54,882
Forecross Corp. 300 75
Fortune FINL Sys Inc. 675 1
Fossil Inc. 697 10,096
Foundry Networks Inc. 275 4,125
Fox Entertainment 50 894
Fresh Del Monte Produce 300 1,350
Friendly Ice Cream Corp. 3,100 6,394
(Continued)
15
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- -------------------------------------------------------------------------- ------------------ ----------------
Frontline Capital Group 200 $ 2,659
Frozen Food Express Industries 300 591
Furniture Brands Intl 200 4,213
Furrs Bishops Inc. 833 --
Furrs Restaurant Group 5 7
Futuremedia 1,300 244
F5 Networks Inc. 100 950
GSI Lumonics Inc. 100 800
Gandalf Technologies Inc. 19,000 --
Gap Inc. 10,150 258,825
Garden Fresh Restaurant Corp. 500 3,094
Garteway Inc. 250 4,498
Gehl Co. 100 1,375
Gemini Energy Corp. 1 1
Genentech Inc. 125 10,188
General Electric Co. 6,037 289,384
General Magic Inc. 4,650 6,539
General MLS Inc. 50 2,228
General Motors Corp. 51 2,588
Genetronics Biomedical Ltd 200 188
Geneva Steel Co. Cl A 50 12
Genicom Corp. 100 1
Genl Employment Entr Inc. 1,000 2,563
Gentner Communications 1,000 11,750
Genuity Inc. 60 304
Genzyme Corp. 500 44,969
Genzyme Corp. Biosurgery 523 4,544
Genzyem Molec Oncology 200 1,838
Genzyme Transgenics Corp. 100 1,431
Georesources Inc. 1,000 2,031
Geotec Thermal Generators 200 190
Geoworks Corp. 1,600 4,700
Geron Corp. 100 1,544
Giant Inds Inc. 2,900 21,206
Gillette Co. 410 14,811
Glaxo Wellcome PLC 100 5,600
Global Crossing Ltd 4,120 58,549
Global Link Tech Inc. 2,000 40
Global Marine Inc. 35 993
Global Technovations Inc. 1,000 625
Global Telesystems GP 7,000 5,688
Global Thermoelectric Inc. 100 1,303
Globalmedia.com 2,000 125
Globalscape Inc. 30 --
Globalstar Telecom Ord 3,130 2,837
(Continued)
16
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------- ------------------- ----------------
Globespan Inc. 145 $ 3,988
Go Online Networks 100 7
GoAmerica Inc. 5,000 26,875
Gold Fields Ltd New 5,000 17,500
Gold King Cons Inc. 26 --
Golden Books Family 3 2
Golden State BanCorp. Inc. 1,500 1,781
Golden Star Res Ltd CDA 10,000 3,750
Golden State BanCorp., Inc. 1,000 31,438
Goldman Sachs Group Inc. 200 21,388
Goldstar Entertainment 20 --
Goodyear Tire and Rubber 100 2,299
Goran Capital Inc. 400 138
Goto.Com Inc. 540 3,949
Grand Adventures Tour and Travel 550 344
Grand toys Intl Inc. 100 31
Grandetel Technologies Inc. 18,000 1,350
Great American BanCorp. 1,000 13,500
Greater Bay Casino DEL 8 --
Green Mount Pwr Corp. 500 6,250
Greka Energy Corp. 205 2,768
Grey Wolf Inc. 2,000 11,750
Grupo Elektra SA GDR 1,000 8,250
Grupo Indus Durango ADR 1,050 6,169
Grupo Iusacell SA ADR VF 2,500 24,375
Grupo Mex SR L SPON ADR 1,100 33
Grupo Radio Centro ADR 600 4,725
Grupo Sidek SP ADR 3,000 30
Grupo Simec SA 1,000 2,000
Grupo Televisa Sa 200 8,988
Grupo Tribasa 92 40
Guinness Telli-Phone Corp. 1,000 180
Gulf CDA Res Ltd 10,000 50,625
HCB Bancshares Inc. 2,490 20,854
Haber Inc. 15,000 450
Halliburton Co 400 14,500
Hallwood Group Inc. 289 1,120
Handspring Inc. 115 4,478
Harken Energy Corp. NEW 1,738 5,866
Harmonic Inc. 211 1,200
Harmony Gold Mining 20,000 93,750
Harolds Stores Inc. 1,219 1,829
Harvard Scientific Corp. 110 14
Harvey Entertainment 5,190 973
Hasbro 140 1,488
(Continued)
17
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ---------------------------------------------------------------- -------------- ------------
HCA Healthcare 500 $ 22,005
Healthcare.com Corp. 1,000 1,500
Heartland Wireless 46 1
Hearx Ltd 14,300 19,663
Helen Of Troy Corp. 200 975
Henley Healthcare Inc. 1,000 219
Hercules Inc. 100 1,906
Heritage Concepts Intl 11,000 1,320
Heroes Inc. 85 32
Hewlett-Packard Co. 550 17,359
Highwood Resources 1,000 188
Hilton Hotels 850 8,925
Hollywood Casino 50 463
Hollywood Trenz Inc. 5,000 5
Home Depot 7,858 359,020
Homebase Inc. 200 200
Homestake Mining 7,000 29,313
Honda Motor 100 7,388
Horn Silver Mines 300 4
Household Intl 275 15,125
Hudson United BanCorp. 237 4,962
Human Genome Sciences 300 20,794
Hyal Pharmaceutical Corp. 300 18
Hydrogiene Corp. 1,000 25
Hyseq Inc. 500 7,188
ICH Corp. 2,500 11,875
I-Stat Corp. 200 5,288
ICOS Corp. 20 1,039
Idexx Labs Inc. 800 17,600
Igen Intl 100 1,231
ILEX Oncology Inc. 1,000 26,313
Illinois Superconductor Corp. 200 281
Image Sensing Sys Inc. 2,640 11,055
Imaging Diagnostic Sys 200 176
Imaging Technologies Corp. 76,700 3,988
Imagyn Medical Technologies 1,200 --
Imatron Inc. 500 688
Immersion Corp. 100 752
Immume Response Corp. 235 617
Immunex Corp. NEW 100 4,063
Imperial Chem Inds 100 3,369
Imperial Sugar Co. 500 406
IMR Global Corp. 1,000 5,375
Inc.yte Genomics Inc. 44 1,095
Indo-Pacific Energy Ltd 2,000 125
(Continued)
18
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- -------------------------------------------------------------- -------------- -----------
Inet Technologies Inc. 600 $ 24,300
Inetvisionz.com 1,000 150
INFE.com Inc. 1,500 188
Info Architects Corp. 80 145
InfoNow Corp. 2,500 3,516
Informix Corp. 7,165 21,271
Infospace Inc. 230 2,034
Infotopia Inc. 400 76
Ingenuus Corp. 5,725 1,610
Innovative Gaming 3,300 1,753
Innovo Group Inc. 500 344
Inprise Corp. 81 448
Int Thoughts Inc. 8 --
Intasys Corp. 85,330 34,670
Integra Lifesciences Hldgs 50 681
Integrated Device Tech 1,500 49,688
Integrated Health Services 1,000 50
Integrated Info Sys Inc. 500 328
Intel Corp. 36,652 1,101,859
Intelect Communications Inc. 500 188
Interdigital Comm Corp. 400 2,163
Interland Inc. 100 350
Intermagnetics Gen Inc. 106 1,776
International Game Technology 500 24,000
International Paper Co. 500 20,406
Internatinal Rectifier Corp. 140 4,200
Internet America Inc. 800 500
Internet Capital Group 500 1,641
Internet Comm and Communs 300 113
Internet Law Library 500 90
Interstate Hotels 13 22
Intertan Inc. 300 3,488
Intertrust Technologies 700 2,363
Intervoice-Brite Inc. 1,000 7,250
Intl Business Machines 4,228 359,382
Intl Electronics 15,000 29,532
Intl Isotopes Inc. 500 78
Intl Meta Systems 200 --
Intranet Solutions Inc. 400 20,400
Intrusion.com 2,000 9,500
Iomega Corp. 500 1,675
Iridium World Communications 50 15
ISIS Pharmaceuticals 500 5,313
Isolyser Inc. 1,000 1,000
Ivax Corp. 150 5,745
(Continued)
19
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ---------------------------------------------------------------------------- ------------------ ----------------
Ivillage Inc. 30 $ 32
I2 Technologies Inc. 860 46,763
Jabil Circuit Inc. 1,000 25,375
Jakks Pacific 200 1,825
JDS Uniphase Corp. 699 29,140
Jenanet.com 2,000 4,800
Johns Manville Corp. 3,100 40,106
Johnson and Johnson 150 15,759
Jore Corp. 400 1,850
Just for Feet Inc. 600 2
JVWeb Inc. 6 1
K Mart Corp. 2,900 15,406
Kana Communications Inc. 301 3,462
Kanakaris Wireless 6,900 1,380
Kaneb Services 20,000 117,500
KCS Energy Inc. 3,000 12,188
Keravision Inc. 5,000 1,719
Key Energy Group Inc. 3 31
Knight Trading group 8,852 120,125
Koala Corp. 200 1,700
Koninkljke Ahold 3 98
LTV Corp. 632 217
Labranche And Co. 250 7,641
Lakes Gaming Inc. 78 731
Lam Resh Corp. 400 5,800
Landmark Bancshares Inc. 200 3,500
Languageware Net Co. 1,000 120
Lanoptics Ltd 150 1,444
Largo Vista Group Ltd 1,000 240
Las Vegas Entmt Network 1,000 16
Laser Technology Inc. 1,000 875
Learn2.com 32,260 13,107
Leather Factory Inc. 100 100
Legend Holdings 1,000 12,564
Leggett & Platt 200 3,788
Lernout & Hauspie Speech Ord 1,000 730
Level 3 Communications 1,050 34,453
Lefecore Biomedical Inc. 250 1,156
Light Management GP 200 319
Lilly Eli & Co. 800 74,450
Lindsay MFG 605 13,688
LJ INTL Inc. 1,000 1,656
Lockheed Martin Corp. 300 10,185
Loewen Group 1,000 31
Loral Space & Communication Ltd 1,240 3,953
(Continued)
20
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ --------------------- ----------------
Louisiana Pacific Corp. 500 $ 5,063
LSI Logic Corp. 615 10,510
LTC Healthcare Inc. 4 5
Lubys Inc. 1,300 7,800
Lucent Technologies Inc. 19,077 257,541
LVMG Moet Hennessy Sponsored ADR 110 1,437
MB Software Corp. 5,000 750
MFN Finanacial Corp. 29 131
MFN Finl SerA 34 2
MFN Finl SerB 34 --
MFN Finl SerC 34 --
MPTV Inc. 27,500 550
Macrochem Corp. Del 2,100 5,381
Magnum Sports And Entertainment 200 200
Mail-Well Inc. 600 2,588
Mandalay Resort Group 225 4,936
Marchfirst Inc. 500 750
Marimba Inc. 72 324
Marketing Services Group Inc. 140 166
Martha Stewart Lvng 200 4,013
Marvel Enterprises 35,115 50,478
Mastec Inc. 100 2,000
Matrixone Inc. 585 10,640
Mattel Inc. 500 7,220
Max Internet Comm Inc. 22,550 1,015
Maytag Corp. 300 9,694
MBIA Inc. 400 29,650
McCormick & Co. 600 21,638
McDonalds Corp. 500 17,000
McKesson HBOC Inc. 100 3,589
McLeod USA Inc. 387 5,466
Mead Corp. 100 3,138
Med Design Corp. 500 7,938
Medicalogic Inc. 64 148
Medisys Technologies Inc. 150 48
Meditech Pharma Inc. 150 11
Medizone Intl Inc. 1,190 190
Mentor Corp. 1,200 23,400
Merch and Co. Inc. 1,385 129,671
Merrill Lynch & Co. 1,820 124,101
Metawave Communications 200 1,825
Metlife Inc. 100 3,500
Metretek Technologies Inc. 5,000 5,000
Metricom Inc. 140 1,409
Metrocall Inc. 8,384 3,930
(Continued)
21
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------------ ------------------ ----------------
Metromedia Fiber network 100 $ 1,013
Mechaels Stores Inc. 130 3,445
Micrografx Inc. 200 113
Micromem Technologies Inc. 1,000 1,760
Micron Technology Inc. 850 30,175
Micropac Industies Micropac Industries Inc. 3,000 4,125
Microsoft Corp. 15,270 662,336
Migratec Inc. 5,100 1,122
Millennium Pharmactcls 385 23,822
Minnesota Mining & Mfg 300 36,150
Mitcham Industries Inc. 1,300 4,631
Mitchell Energy & Dev CL A 700 42,875
Momentum Bus Appl 2 21
Montana Power Company 100 2,075
Monterey Bay BanCorp. Inc. 375 4,125
Montgomery finl Corp. 2,500 25,156
Morgan Keegan Inc. 100 2,650
Morgan Stanley Dean Witter 18,000 1,426,500
Motorola Inc. 2,425 49,106
MP3.com 200 719
Myriad Genetics Inc. 100 8,275
Mystic Financial Inc. 2,800 37,975
Nabi 2,000 9,250
Nathans Famous Inc. 22 66
National Energy Group Inc. 310 504
Nationsrent Inc. 3,300 5,156
Natl Equipment Services Inc. 5,325 9,984
Natl Info Consortium Inc. 400 613
Natl Semiconductor Corp. 347 6,983
Natures Sunshine Products 225 1,533
Navarre Corp. 3,000 3,281
Navidec Inc. 400 975
NBC Internet Inc. 31,095 108,833
Neomedia Technologies Inc. 1,000 3,000
Neoprobe Corp. 500 210
Neostar Retail Group Inc. 455 3
Net Perceptions Inc. 70 147
Netcentives Inc. 100 381
Netiq Corp. 200 17,475
Netobjects Inc. 30 14
Netradio Corp. 500 94
Netro Corp. 1,873 12,994
Nettron.com 300 350
Network Appliance Inc. 350 22,466
Network Computing Devices 200 56
(Continued)
22
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------------- ------------------- ----------------
Network Equipment Tech 100 $ 644
Network Hldgs Intl 10,840 54
Network Peripherals 550 3,541
Network 1 Securities SLTNS 12,400 41,075
Networks Associates Inc. 800 3,350
Netzee Inc. 911 342
Netzero Inc. 300 263
Net2pone Inc. 100 738
New Horizon Kids Quest 1,000 563
Newsedge Corp. 75 68
Nexell Therapeutics 175 531
Nextel Communications 354 8,762
Nextel Partners Inc. 29 488
Nike Inc. 175 9,767
Nisource Inc. 75 206
Noble Affiliates Inc. 300 13,800
Nokia Corp. 1564 68,034
Nordstrom Inc. 100 1,819
Norfolk Southn 208 2,764
Nortel Networks 5,040 161,595
North Amern Expl Corp. 160 2
Northeast Utilities 2,300 55,775
Northgate Expl Ltd 2,000 960
Northpoint Commun 200 69
Novell Inc. 500 2,609
NRG Energy Inc. 4,070 113,197
NTN Communications Inc. 1,300 813
Nuoncology Labs 200 5
Nurses Network.com 25,000 300
Nvidia Corp. 655 21,461
NZ Corp.oration 700 2,100
OAO Technology Solutions Inc. 2,520 3,071
Occidental Pete Corp. 1,001 24,279
Ocean Energy Inc. 500 8,688
Officemax Inc. 600 1,725
Offshore Logisitcs Inc. 1,500 32,320
Omega Resh Inc. 800 1,550
Omni Doors Inc. 7 1
Omni Energy Svcs Group 21,000 35,438
Omnisky Corp.oration 35 291
ONYX Pharmaceuticals Inc. 760 11,305
Openwave Systems 20 959
Opus360 Corp. 9,050 2,828
Oracle Corp. 5,975 173,648
Orchid Biosciences Inc. 65 910
(Continued)
23
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------------- ------------------- ----------------
Orex Minerals Corp. 750 $ --
OTR Express Inc. 30 15
PMC Sierra Inc. 90 7,076
PAC Centy Cybworks ORD 2,000 1,200
Pac-West Telecomm Inc. 1,250 4,297
Paiute Oil & Mining Corp. 2,000 --
Palm HBR Homes Inc. 100 1,575
Palm Inc. 754 21,348
Panja Inc. 400 1,825
Papa Johns International 100 2,225
Paradigm Advanced Tech 1,000 750
Parallel Pete Corp. 15,000 57,188
Park Place Entmt Corp. 563 6,721
Parker Drilling Co. 1,700 8,606
Parlux Fragrances Inc. 1,050 1,838
Pawnbroker.com 1,450 167
Payforview.com 1,500 192
Payless Cashways Inc. 6,905 6,042
PBOC Holdings 200 1,906
PC Tel Inc. 1,750 18,813
PCOrder.com 375 2,355
Peapod Inc. 3,000 2,344
Pendaries Pete Ltd. 2,000 8,500
Penney JC & Co. 600 6,525
Peoplesoft Inc. 100 3,719
Pepsi-Gemex 200 875
Pepsico Inc. 751 37,209
Per-Se Technologies 1,000 3,484
Peregrine Pharma Inc. 28,500 26,719
Peregrine Sys Inc. 2 40
Perennial Health Sys 40,000 40
Perot Sys Corp. 6,435 59,122
Petsmart Inc. 2,200 6,325
Pfizer Inc. 945 43,470
PFSWeb Inc. 1,200 900
Pharmacia Corp. 202 12,322
Parmacopeia Inc. 100 2,181
Philip Morris Inc. 3,033 133,442
Phoenix technologies Ltd. 1,000 13,484
Physician Computer Network Inc. 6,325 13
Pier 1 Imports 237 2,444
Pilot Network Services 320 260
Pinnacle Business Management 71,400 3,213
Pinnacle Global Group 5,000 21,250
Pinnacle West Cap 200 9,525
(Continued)
24
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------------ ------------------ ----------------
Pitney Bowes Inc. 1,000 $ 33,125
Pixar 550 16,500
Pizza Inn Inc. 100 188
Planet America Inc. 100 12
Planet Hollywood International 100 --
Play By Play Toys and Novelties 11,000 2,750
Plug Power Inc. 210 3,084
Polaroid Corp. 200 1,163
Polo Ralph Lauren Corp. 14 312
Polycom 800 25,750
Portal Software Inc. 350 2,745
Potlatch Corp. 200 6,713
Power-One Inc. 200 7,863
PPT Vision Inc. 2,000 6,125
Prandium Inc. 2,200 121
Praxair 600 26,625
Precision Optics Inc. 200 475
Preferred Voice Inc. 11,000 11,110
Premier Laser System Inc. 5,200 10
President Casinos 1,500 329
Presstek 100 1,050
Priceline.com Inc. 50 66
Pride International Inc. 100 2,463
Priority Healthcare 100 4,081
Procter & Gamble 327 25,613
Prodigy Commuications 20 30
Protection One Inc. 1,000 875
Proxicom Inc. 1,800 7,425
Psinet Inc. 11,500 8,266
Pubco Corp. 30 21
Public Service Co. N Mexico 3,400 91,163
Puma Technology 405 1,683
PW Eagle Inc. 3,300 25,988
Qlogic Corp. 125 9,625
Quaker City BanCorp. 3,826 97,085
Qualcomm Inc. 1,014 83,338
Quanex Corp. 100 2,013
Quanta Services Inc. 300 9,656
Quentra Networks Inc. 42 1
Quicksilver Resources 1,000 9,625
Quintiles Transnational Corp. 200 4,188
Quintus Corp. 200 594
Quokka Sports Inc. 200 113
Qwest Communications 709 28,980
QXL Ricardo PLC 290 761
R&B Falcon Corp. 100 2,294
(Continued)
25
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- -------------------------------------------------------------------------- ----------------------- ---------------
RJ Reynolds Tobacco HLD 3,533 $ 172,234
Radioshack Corp.oration 200 8,563
Railamerica Inc. 66 518
Range Petroleum 1,000 133
Ratexchange Corp. 355 777
Rational Software Corp. 80 3,115
Raymond James Finl 700 24,413
Razorfish Inc. 3,000 4,875
Realnetworks Inc. 150 1,303
Reback Networks Inc. 100 4,100
Redhat Inc. 350 2,188
Rent Way Inc. 2,000 8,875
Research In Motion Ltd 325 26,000
Return Assured Inc. 2,000 813
RF Micro Devices Inc. 1,040 28,535
Ribozyme Pharm Inc. 300 4,294
RisCorp. Inc. 500 --
Rochester Medical Corp. 2,000 10,000
Rogue Wave Software Inc. 4,000 15,000
Rohn Inds Inc. 1,500 5,719
Rosetta Inpharmatics Inc. 100 1,600
Ross Sys Inc. 3,700 694
Rowecom Inc. 4,000 2,500
Royal DTCH PET 5 200 12,113
Royal Oak Mines Inc. 2,000 6
Rural MetroCorp. 2,000 2,750
Rushmore Finl Grp 2,480 1,240
SBC Communications Inc. 2,058 98,270
Sabre Holdings Corp. 7 302
Safeguard Scientific Inc. 10,124 67,072
Safety-Kleen Corp. 125 9
Sagent Technology Inc. 845 1,162
Sanchez Computer 334 2,756
Santa Cruz Operation 3,200 4,100
Sapient Corporation 100 1,194
Sara Lee Corp. 100 2,456
Savvis Commuications Corp. 3,100 2,713
Schering Plough Corp. 275 15,606
Schlumberger Ltd. 500 39,969
Sciclone Pharm Inc. 1,090 4,360
SciQuest.com 1,000 1,313
Scorpion Tech Inc. 150 --
Sears Roebuck & Co. 200 6,950
Sentry Technology Corp. 3,000 188
Service Corp. Intl 31,300 54,775
Seven Seas Petroleum Inc. 35,000 48,125
Shaman Pharmaceuticals 1 --
(Continued)
26
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ ----------------- ----------------
Sherwin Williams Co. 200 $ 5,263
Shop At Home Inc. 50 61
SI Diamond Technology Inc. 4,150 1,619
Sideware Sys Inc. 1,000 480
Siebel Systems Inc. 150 10,144
Sierracities.com 200 500
Sight Resource Corp. 5,000 800
Silicon Laboratories 145 2,084
Silicon Storage Tech 345 4,075
Simtek Corp. 2,000 700
Sionix Corp. 2,000 500
Siskon Gold Corp. 22,000 88
Smartire Sys Inc. 2,000 4,250
Smurf IT-Stone Container 18 2,958
Solectron Corp. 200 6,780
Solv-ex Corp. 1,466 1
Southern Co. 100 3,325
Southern Energy Co. 744 21,065
Southmark Corp. 100,000 1,100
Southwest Airls 5,671 190,149
Southwest Securities Group, Inc.* 145,406 3,762,370
Southwest Securities Group, Inc. Stock Fund* 129,136 1,362,385
Southwest WTR 1,150 17,105
Spectrasite Holdings 150 1,987
Speedcom Wireless A 01WT 5,000 2,030
Speedcom Wireless Corp. 10,000 65,000
Speedway Motorsports Inc. 100 2,400
Spindletop Oil & Gas 666 185
Sport Supply Group 1,100 68
Sports Club Inc. 1,000 2,812
Sportsmans Guide Inc. 500 343
Sprint Corp. 1,403 28,500
Sprint PCS Group 100 2,044
ST Mary Land & Expl Corp. 100 3,330
Stampede Worldwide Inc. 16,000 1,280
Stamps.com Inc. 300 833
Standard Energy Corp. 4,000 444
Starbase Corp. 126 295
Starbucks Corp. 205 9,070
Starnet Financial Inc. 1,250 263
Startronix Intl Inc. 300 6
Stein Mart Inc. 100 1,162
Stelax Industries 1,000 340
Stewart Enterprises 400 763
Stillwater Mining Co. 600 21,360
Strategic Diagnostics Inc. 2,000 4,625
Stride Rite Corp. 2,000 14,000
(Continued)
27
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ---------------------------------------------------------------------------- ------------------ ----------------
Sun Healthcare Group Inc. 405 $ 11
Sun Microsystems Inc. 6,198 172,769
Sunbeam Corp. 16,300 5,094
Sunbelt Nursery Group 1,500 2
Sunrise Assisted Living Sunrise Assisted Living Inc. 275 6,875
Sunrise Tech Intl 750 1,336
Sunshine Mining & Refining 625 24
Supervalu Inc. 62 860
Symantec Corp. 500 16,688
Sygenta AG ADR 20 219
Synthetech Inc. 300 638
Synthetech Blood Intl Inc. 33,350 8,338
TMM Inc. New 1,000 35
TVX Gold 200 328
Taiwan Semiconductor Mfg Co. 64 1,104
Take-two Interactive 300 3,450
Tanisys Tech 1,850 999
Target Corp. 2,119 68,338
Tegal Corp. 2,000 3,250
Tekelec 100 3,000
Telecom CP 200 3,338
Telecom Italia 25 2,758
TeleCorp. PCS 1,000 22,375
Telepanel Systems Inc. 750 225
Teletek Inc. 28,600 143
Teligent Inc. 575 1,114
Tellabs Inc. 200 11,300
Tenfold Corp. 1,000 1,500
Tengasco Inc. 100 1,250
Tennis Lady Inc. 3,755 38
Teradyne 350 13,038
Terayon Communications 475 1,930
Terra Networks Spon 293 3,095
Texaco Inc. 200 12,425
Texas Biotech 200 4
Texas Instruments 8,894 421,364
Thaon Communications Inc. 100 225
The Charles Schwab Corp. 102 2,894
The Globe.com 1,000 281
Theragenics Corp. 968 4,840
Therma Freeze Inc. 10,000 1,300
Thermo Tech Technologies 1,000 17
Thermogenesis Corp. 750 1,313
Tibco Software 50 2,397
Tidel Tech Inc. 600 3,450
Tidewater Inc. 700 31,062
Time Warner Inc. 150 7,835
(Continued)
28
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- --------------------------------------------------------------------------- ------------------- ----------------
Titanium Metals Corp. 300 $ 2,024
Tivo Inc. 100 537
Tokheim Corp. Ser 300 126
Tommy Hilfiger Corp. 200 1,962
Too Inc. 14 174
Touchstone Apparel Science 200 80
Towne Services Inc. 50 61
Toys R Us 500 8,343
Track Data Corp. 3,780 2,716
Trammell Crow Co. 600 8,100
Trans Maritima Mex ADR 300 3,300
Trans World Airlines New 2,850 4,042
Transwitch Corp. 17 664
Trega Biosciences Inc. 2,000 1,687
Trend Vision Tech Inc. 500 --
Triangle Broadcasting 1,000 3
Trimble Nav Ltd 850 20,400
Trintech Group ADR 250 2,750
Triton Energy Class A 6,000 180,000
Triton Network Systems 4,500 14,062
TRW Inc. 100 3,874
Tsingtao Brewing Co. 10,000 1,948
TTI Team Telecom 100 1,500
Tuesday Morning Corp. 400 2,125
Turbochef Technologies Inc. 550 894
TXU Corp. 50 2,216
Tyco Intl Ltd 800 44,400
Tyler Technologies Inc. 10,000 16,875
UICI 35 208
US Interactive Inc. 11,350 3,192
US Liquids Inc. 6,000 13,124
US Office Products 4,550 204
US Restaurant PPTYS Inc. 4,000 39,249
Ultrafem Inc. 100 1
Unibanco-Uniao BNCS 1,000 29,437
Unimark Group Inc. 10,000 4,062
Union Carbide Corp. 600 32,287
Union Cmnty BanCorp. 3,000 37,500
Unisource Energy Corp. 8,280 155,767
United Heritage Corp. 20 23
United Parcel Service 189 11,103
United Rentals Inc. 3,750 50,390
United Technologies Corp. 200 15,724
Unumprovident Corp. 600 16,125
US Lan Systems Corp. 2,000 2
US Oncology Inc. 1,880 11,867
US Unwired Inc. 1,000 4,624
(Continued)
29
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------------ ------------------ ----------------
USA Networks Inc. 212 $ 4,121
US Data Corp. 6,000 3,374
USEC Inc. 340 1,464
VA Linux Systems Inc. 250 2,030
Vaalco Energy Inc. 7,000 2,624
Valence Technology Inc. 1,000 9,312
Valero Refining & Marketing 100 3,719
Vast Solutions Inc. 57 --
Ventro Corp. 50 50
Venture Seismic Ltd 17,100 171
Venture Stores Inc. 60 --
Verisign Inc. 50 3,709
Verizon Communications 1,320 66,165
Vertical Computer Sys 2,000 108
Viacom Inc. 1,325 61,944
Viatel Inc. 500 1,859
Vical Inc. 100 1,850
Vidikron Tech Group 125 3
Vignette Corp. 937 16,866
Virtualsellers.com 17,100 9,063
Visteon Corp. 300 3,450
Visx Inc. 500 5,219
Vitesse Semiconductor Corp. 100 5,531
Vodafone Group 2,250 80,578
Wal-Mart SA 781 1,468
Wal-Mart Stores Inc. 6,919 367,572
Walgreen Co. 20 838
Wallstreet-Review Inc. 84 63
Walt Disney Holding Co. 6,002 173,683
Washington Group Intl 200 1,638
Washington Mutual Inc. 1,045 55,428
Waste Management Inc. 1,670 46,343
Wastemasters Inc. 1,000 80
Waterford Wedgwood ADR 400 4,300
Wave Sys Corp. 40 180
Webb Interactive Services 75 127
Webcatalyst Inc. 17,500 1,103
WebMD Corp. 7 56
Webtrends Corp. 195 5,643
WebVan Group 400 188
Weirton Steel Corp. 500 595
Welfide Corp. Osaka Ord 9 69
Wells Fargo & Co. 7,000 389,813
Whitehall Enterprises 2,000 80
Whole Foods Market Inc. 100 6,113
Wild Oats Markets 200 850
Williams Co. Inc. 500 19,969
(Continued)
30
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------------ ------------------ ----------------
Williams Communs Group 300 $ 3,525
Williams Sonoma 15 300
Windswept Env Group 500 75
Winners Edge.com 1,250 25
Winston Hotels Inc. 500 3,562
Wordcraft Sys Inc. 20,000 280
World Fuel Services Corp. 1,500 10,500
World Wrestling Federation 50 800
Worldcom Inc. 7,919 111,361
Worldwide Xceed Group 1,200 151
WSI Interactive Corp. 1,000 42
Wyndham Intl. 1,404 2,457
XOX Corp. 3,200 2,400
Xcel Energy Inc. 3,293 95,702
Xcelera Inc. 60 220
Xerox Corp. 2,006 9,280
Xilinx Inc. 200 9,224
Xircom 615 9,532
XO Communications Cl 300 5,343
Xoma Ltd 100 975
Yahoo! Inc. 1,414 42,507
Z-Tel Technologies Inc. 80 415
Zale Corp. 700 20,343
Zeroplus.com 400 137
Zila Inc. 5,960 12,292
Zixit Corp. 2,947 25,751
Zymetx Inc. 3,000 3,937
2-Infinity.com Inc. 900 28
3Com Corp. 250 2,125
3D Labs Inc. 4,000 4,375
3DFX Interactive Inc. 30 8
3DO Company 2,350 6,168
3DShopping.com 6,300 5,513
4 Kids Entertainment Inc. 1,000 8,938
------------
Total Common Stock 26,597,661
------------
Money Market Funds
Schwab Money Market Fund* 6,697,767 6,697,767
SEI Government Securities Principal* 71,022 71,022
------------
Total Money Market Funds 6,768,789
------------
Common/Collective Trusts
Schwab Value Advantage Fund* 3,390,885 3,390,885
------------
(Continued)
31
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------------- ----------------- ----------------
Government Securities
Government Bonds
Agency Strip S Series 1 3,000 $ 1,120
Cats Series P Interest Payment on 13.25 10,000 6,305
Certificates Accrual Series KTR BD 0% 2,000 1,903
Certificates Accrual Series L 2,000 1,903
Certificates Accrual Series P 2,000 1,337
Certificates Accrual Series W 1,000 615
Certificates Accrual Series S 2,000 1,244
Fedl Hm Ln Mtg 0% 8,000 2,254
FHLMC #D6-3522 1,204 1,240
FHLMC #E0-0249 666 665
FHLMC #16-00036 1,447 1,474
FHLMC #17-0011 490 502
FHLMC #17-0151 240 259
FHLMC #17-0190 187 195
FHLMC #18-1550 2,342 2,537
FHLMC #18-3895 383 393
FHLMC #25-9659 62 64
FNMA PL #0010251 12% 939 1,058
FNMA PL #0003258 12% 304 326
GNMA II #000021 285 320
GNMA II #000269 290 322
GNMA II #000286 95 104
GNMA II #000542 10 10
GNMA II #001401 170 183
GNMA PL #000200 994 1,135
GNMA PL #000352 1 1
GNMA PL #007707 798 816
GNMA PL #002328 208 210
GNMA PL #003384 551 562
GNMA PL #023520 1,059 1,071
GNMA PL #005494 633 646
GNMA PL #005755 630 641
GNMA PL #007446 475 484
GNMA PL #008237 1,061 1,077
GNMA PL #023153 974 1,012
GNMA PL #027154 1,757 1,822
GNMA PL #030368 931 973
GNMA PL #040087 269 291
GNMA PL #041569 577 634
GNMA PL #042008 378 428
GNMA PL #042233 940 1,075
GNMA PL #043713 323 345
GNMA PL #048061 724 855
(Continued)
32
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- --------------------------------------------------------------------------- ------------------- ----------------
GNMA PL #048070 585 $ 681
GNMA PL #050885 489 577
GNMA PL #054782 151 180
GNMA PL #059920 64 67
GNMA PL #065061 24 28
GNMA PL #069509 274 308
GNMA PL #070565 119 122
GNMA PL #070588 698 784
GNMA PL #105663 135 151
GNMA PL #106758 626 721
GNMA PL #113373 471 546
GNMA PL #130698 195 212
GNMA PL #163244 569 600
GNMA PL #170109 190 190
GNMA PL #189421 725 764
GNMA PL #204700 346 365
GNMA PL #209656 551 583
GNMA PL #269320 637 695
GNMA PL #281094 564 599
GNMA PL #292813 664 724
GNMA PL #294900 923 972
GNMA PL #910923 1,274 1,380
Government Backed TRS CL T-1 2,000 1,614
Government Trust Certificates 1,000 782
Gevernment Trust Certificates 1,000 764
Israel St 5,000 4,999
Israel St 25,000 24,978
Israel St 6,000 5,100
Tint 55,000 37,194
Tint 25,000 11,797
Treasury INVT Growth 12,000 7,831
US T-Note 13,000 129,675
US Treas Sec Strip 10,000 3,488
US Treas Sec Stripped int 15,000 11,589
US Treas Sec Stripped int 4,000 3,143
US Treas Sec Stripped int 45,000 26,860
US Treas Sec Stripped int 20,000 7,738
US Treas Strip 35,000 8,170
US Treas Strip 10,000 3,809
US Treas Strip 60,000 19,181
US Treas Strip 20,000 8,981
US Treas Strip 5,000 1,531
US Treas Strip 100,000 41,625
US Treas Strip 5,000 2,753
US Treas Strip 50,000 18,782
US Treas Strip 20,000 7,419
33
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- -------------------- ----------------
(Continued)
US Treas Stripped 11,000 $ 5,785
US Treas Stripped 20,000 8,713
US Treas Stripped 10,000 4,106
US Treasury Notes 6.625% 40,000 40,638
US Treasury Stripped 15,000 10,406
US Treasury Stripped 100,000 42,281
US Treas Sec Stripped Int 50,000 19,922
United States Treas Sec Str 126,000 86,271
United States Treas Sec Str 25,000 12,547
US Treas Sec Stripped Int 10,000 8,997
UST Infl Idx 10,000 9,816
Cash Equivalents - Discounted
US Treas Bill -- --
US Treas Bill 160,000 158,251
US Treas Bill 150,000 148,865
----------------
Total Government Securities 998,061
----------------
Mutual Funds
Mutual Funds
Accessor Growth Portfolio 137 3,660
AIM Equity Aggressive Growth 3,220 41,126
AIM Equity Charter Fund Retail 181 2,695
AIM Equity Constellation Fund Retail 44 1,276
AIM Value Fund 599 7,488
Alliance Premier Growth Fund 41,618 1,111,608
Alliance Technology Fund 22 2,012
Amcent: Global Gold Fund 87 347
Amcent: Strat Aggressive 13,068 94,745
American Century Income 1,065 32,162
American Century Intl Growth FD Inv 1,917 20,953
American Europacific Growth Fund 72 2,255
American Fundamental Investors 660 20,550
American Growth Fund of America 1,201 32,535
American Small Capital World Fund 1,484 41,235
ARK sm cap Equity Portfolio - Retail 259 4,621
Artisan International Fund 81 1,774
Babson Value Fund 32 1,410
Baron Asset Fund 65 3,546
Bjurman Micro-cap Growth Fund 29 1,209
Brandywine Fund 423 12,429
Cap World Growth & Income 1,220 32,299
Capital Southwest Corp. 100 5,263
Capstead Mortgage CP 300 3,263
Century Shares TR 104 4,468
Citizens Global Equity 1,073 24,557
34
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ---------------------------------------------------------------------- --------------- ----------------
(Continued)
Colonial Inter High Income Fund 650 3,047
Columbia Small Cap 937 24,232
Credit Suisse Asset Management Income Fund 1,154 6,350
Davis New York Venture Fund Class A 292 8,402
Delaware Select Growth CL A 391 11,739
Diamonds TR Ser I 50 5,339
Dodge & Cox Balanced Fund 5,712 362,254
Dodge & Cox Stock Fund 5,093 492,357
Dresdner RCM Biotech Fund 1,875 68,216
Dresdner RCM Global Tech 145 7,278
Dreyfus Disciplined STK Fund 678 25,050
Dreyfus Emerging Markets 85 903
Duff & Phelps Utilities 5,000 52,500
Enterprise Growth Fund CL A 665 13,643
Equity Residl Property Trust 200 11,063
Federated Amern Leaders FD 492 12,181
Fidelity Advisor Growth Opp. 62 2,119
Firsthand Communications 126 1,068
Firsthand Tech Leaders Fund 241 8,171
Firsthand Technology Value Fund 83 6,168
Franklin Small Cap Growth Fund 372 14,620
Fremont US Micro Cap Fund 52 1,401
Gabelli Asset Fund 58 1,958
Gabelli Global Growth Fund 507 10,322
Gabelli Global Ser Fds Inc. 850 14,981
Gabelli Growth Fund 2,218 83,818
Gabelli Value Fund 60 962
Gabelli Westwood Balanced Fund 75,601 878,482
Gabelli Westwood Equity Fund 64,775 654,878
Gabelli Westwood Equity Retail Class 52,686 532,657
Gabelli Westwood Intermediat BD Fund 193,110 2,006,409
Gabelli Westwood Realty Fund 2,063 19,373
Gabelli Westwood Small Cap Equity 21,544 290,634
Gabelli Westwood SmCap Equity RT 57,047 769,561
Gateway Fund 46 1,046
Goldman Sachs Cap Growth Class A 130 3,062
Goldman Sachs Internet 440 5,236
Goldman Sachs Research Select Fund 6,064 56,944
H&Q Life Sciences Inventors 7 152
HRPT Properties TR 500 3,781
Harbor Capital Appreciation Fund 468 16,664
Harbor International Fund 37 1,314
Henlopen Fund 144 2,856
Hennessy Cornerstone Value Fund 72 992
Hodges Fund 4,297 47,781
35
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ---------------------- -------------
(Continued)
IDEX II Growth Port CL A 105 $ 3,321
Internet Fund 814 19,625
Invesco European Fund 51 899
Invesco Growth & Income 144 2,297
Invesco S&P 500 Index Fund 331 4,619
Invesco Strat Financial 2,003 64,682
Invesco Strat Health Science 1,034 61,390
Invesco Technology II 387 23,122
Invesco Telecommunicatinos 811 29,425
Invesco US Govt Securities 2,550 18,540
Investec Wired Index Fund 475 8,738
Investment Co. Of America 249 7,732
IPS Millennium Fund 30 1,538
Janus Enterprise Fund 608 32,399
Janus Equity Income Fund 134 2,765
Janus Flexible Income Fund 120 1,096
Janus Fund 777 25,865
Janus Global Life Science Fund 912 19,567
Janus Global Technology Fund 1,886 38,128
Janus Growth & Income Fund 401 14,186
Janus Mercury Fund 1,261 37,405
Janus Olympus Fund 214 8,795
Janus Orion Fund 257 1,803
Janus Special Situations Fund 176 3,106
Janus Strategic Value Fund 345 3,624
Janus Twenty Fund 1,380 75,621
Janus Worldwide Fund 1,013 57,584
Kaufmann Fund Inc. 1,149 5,090
Kemper Dreman High Return Fund 546 20,173
Kemper Growth Class A 2,084 27,264
Kemper High Yield Fund Class A 1,217 7,057
Kemper Income & Cap Pre Fund 793 6,469
Kemper International Fund 821 8,880
Kemper Technology Fund 545 10,167
Kemper Total Return Fund 1,656 16,577
Liberty Acorn Fund Class Z 67 1,147
Liberty Acorn Intl Class Z 36 858
Liberty Newport Tiger Fund 696 7,889
Managers Special Equity 6,886 528,813
Managers Special Equity Fund 46 3,565
Marketocracy Medical Specialist Fund 134 1,865
Mexico Fund Inc. 200 2,963
MFS High Inc.om Fund 436 1,826
Montgomery Balanced Fund 601 8,302
Morgan Stanley DW TRII SHR Ben Intl 4,200 9,975
36
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ----------------------------------------------------------------------- ---------------------- -------------
(Continued)
Munder Future Technology 103 $ 903
Munder Netnet Fund 271 9,408
Mutual Shares Fund 80 1,583
Navellier Aggressive Growth Port 82 1,338
Navellier Mid Cap Growth 80 2,474
NB Focus Fund 12,094 476,519
New Perspective Fund 695 16,719
Oakmark Balanced Fund 371 5,920
Oakmark Fund 691 20,720
Oakmark Select Fund 894 19,356
PBHG Growth Fund 734 22,821
PBHG Large Cap Growth Fund 106 3,093
PBHG Small Cap Value Fund 173 3,396
PBHG Technology & Communications 863 29,722
Pilgrim Growth & Value Class A 1,061 18,644
Pilgrim Prime Rate TR 1,000 7,500
Pimco Total Return Fund Class D 16,644 172,927
Plum Creek Timber Co. 300 7,800
Putnam Growth Opp Class A 518 11,354
Putnam Hi Yield Advantage 142 895
Putnam Master Intermediate 1,009 6,241
Putnam Premier Income 7,064 43,267
RS Diversified Growth Fund 228 5,213
RS Emerging Growth Fund 1,687 74,254
RS Information Age Fund 884 16,807
RS Value Plus Growth Fund 786 19,351
Rydex OTC Fund 204 3,448
Rydex Ursa Fund 11,284 102,456
Safeco Equity Fund 35 719
Schwab Capital Small Cap Index Fund* 673 12,359
Schwab Intl Index Fund* 308 5,055
Schwab Markettrack Balanced* 9,629 141,546
Schwab Markettrack Conserv* 8,241 105,735
Schwab Markettrack Growth* 15,335 247,664
Schwab S&P 500* 2,187 44,468
Schwab S&P 500 Investor SHS* 54,059 1,099,028
Scudder Greater Europe 31 963
Scudder International Fund 10,596 533,077
Scudder Japan Fund 80 796
Scudder Large Company Growth 3,852 127,542
Scudder Large Company Value 3,355 93,003
Sit Small Cap Growth Fund 29 1,007
Sovran Self Storage 300 5,963
Strong Discovery Fund 84 1,373
Strong Growth Fund 450 12,179
Strong S-T H-Y Bond Fund 125 1,219
T Rowe Price Intl European Stock Fund 48 998
37
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------ ----------------- ---------------
(Continued)
T Rowe Price New Horizons Fund 173 $ 4,140
Templeton Developing Markets CL I 327 3,465
Templeton Emerging Markets Fund 5,000 38,125
Thornburg Mortgage Thornburg Mortgage Inc. 6,200 56,188
Thornburg Value Fund 2,205 69,227
Transamerica Premier Equity 349 7,241
Tri Contl Corp. 162 3,432
Turner Short Duration Govt Fund 1,588 16,012
Turner Top 20 Fund 218 2,715
Tweedy Browne American Value Fund 1,683 41,103
Tweedy Browne Global Value Fund 2,107 42,100
UMB Scout Worldwide FD 825 17,529
United IVNS Realty Trust 1,000 4,250
Value Line Aggressive Income 2,970 14,733
Value Line Small Cap Growth 69 1,317
Van Wagoner Emerging Growth Fund 1,205 36,459
Van Wagoner MidCap fund 145 2,948
Vanguard Balanced Index Fund 1 309
Vanguard Energy Fund 117 3,276
Vanguard European Stock Index 43 1,124
Vanguard Growth Equity Fund 74 984
Vanguard Growth Index Fund 3,531 107,950
Vanguard Health Care Fund 122 16,234
Vanguard Index TR 385 11,270
Vanguard Index Trust 500 Port 440 53,614
Vanguard Intl Growth Porfolio 527 9,952
Vanguard Star Fund 793 14,119
Vanguard Utilities Income Fund 1,826 28,600
Warburg P Thornburg Mortgage Incus Global 152 6,414
Warburg Pincus Global Post Venture 120 2,726
Warburg Pincus Japan Small Company 664 1,480
Wasatch Small Cap Growth Fund 43 1,186
Washington Mutual Investors Fund 537 15,597
Weitz Value Portfolio 21,495 757,074
Westwood Trust Core Investment Grade Bond - EB Fund* 763 88,808
Westwood Trust Fourth Wave Fund - EB Fund* 9,383 668,273
Westwood Trust High Yield Bond - EB Fund* 5,601 517,112
Westwood Trust International Equity - EB Fund* 684 67,672
Westwood Trust LargeCap Equity - EB Fund* 223 102,495
Westwood Trust MidCap Equity - EB Fund* 2,091 383,440
Westwood Trust Real Estate Invest Trust - EB Fund* 895 131,812
Westwood Trust SmallCap Equity - EB Fund* 5,392 1,092,241
White Oak Growth Stock 184 11,590
William Blair intl Grwth Fund 123 $ 2,208
Wilshire 5000 Index Portfolio 245 2,524
---------------
Total Mutual Funds 17,288,093
---------------
38
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- ------------------------------------------------------------------------- ----------------- ---------------
(Continued)
Corporate Bonds and Debentures
Corporate Bonds
Associates Corp. na bond 215,000 212,095
Calfed Inc. 500 501
Chase Mtg Fin Corp. Ser 1994L CL II A 4,956 4,931
CIT GROUP HLDNGS Inc.SR MED TERM NTS 6.15% 145,000 143,794
Coupon Treas RCPT 2,000 1,397
Coupon Treas RCPT 2,000 1,278
CTF Accrl TR Series A 1,000 814
CTF Accrl TR Series E 3,000 2,371
CTF Accrl TR Series H 3,000 2,855
CTF Accrl TR Series J 2,000 1,725
CTF Accrl TR Series L 5,000 4,409
CTF Accrl TR Series N 2,000 1,903
CTF Accrl TR Series N 11,000 7,779
CTF Accrl TR Series Q 1,000 772
CTF Accrl TR Series Q 1,000 828
CTF Accrl TR Series R 4,000 2,713
CTF Accrl TR Series S 2,000 1,384
CTF Accrl TR Series T 1,000 929
Easygrowth Treasury Rec Series 6 6,000 4,298
Fanniemae Strip 9.5% 744 189
Fed Home Loan Mortgage 6.5% 334 333
Fed Home Loan Mortgage Coupon 7% 2,018 2,026
Fed Home Loan Mortgage 5% 1,000 1,013
Fed Home Loan Mortgage 7.75% 1,167 1,167
Fed Home Loan Mortgage 7% 891 874
Fed Home Loan Mortgage 3% 1,942 2,049
Federal National Mortgage Assn 6.5% 1,866 1,858
Federal Home Loan Mortgage 7.5% 3,000 3,016
Federal Home Loan Mortgage 7.76% 985 998
Federal National Mortgage Assn 17,000 7,031
Federal National Mortgage Assn 7% 4,000 3,897
Federal National Mortgage Assn 7.5% 209 209
Federal National Mortgage Assn 7.6% 1,492 1,520
Federal National Mortgage Assn 7.25% 3,000 3,030
Fedl Hm Ln Mtg 5% 865 851
Fedl Hm Ln Mtg 6.5% 138 137
Fedl Hm Ln Mtg 7% 104 102
Fedl Hm Ln Mtg 6.5% 4,000 3,930
Fedl Hm Ln Mtg 10.05% 1,090 1,145
Fedl Hm Ln Mtg 10% 675 705
Fedl Hm Ln Mtg 7% 635 621
Fedl Hm Ln Mtg 7% 2,950 2,878
Fedl Hm Ln Mtg 7% 636 621
Fedl Hm Ln Mtg 7% 2,000 1,892
39
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- --------------------------------------------------------------------------- ------------------- ----------------
(Continued)
Fed Natl Mtg 981 $ 967
Fedl Natl Mtg Assn 250 251
Fedl Natl Mtg Assn 3,658 949
Financing Corp. Fico 5,000 2,953
Financing Corp. Fico Series 3 13,000 6,703
Financing Corp. Fico Series 10 40,100 2,214
Fing Corp. Fico 2,000 1,881
Fing Corp. Fico Series 1 2,000 1,608
FNMA 7% 860 853
RDM Sports Group 402,000 6,030
Treas Invt Growth Rcpts 2,000 1,988
Treas Invt Growth Rcpts 1,000 639
Treas Invt Growth Rcpts 27,000 16,800
Treas Invt Growth Rcpts 3,000 2,442
Treas Invt Growth Rcpts 2,000 1,495
Treas Invt Growth Rcpts 9,000 6,572
Treas Invt Growth Rcpts 5,000 4,138
Treas Invt Growth Rcpts 2,000 1,655
Treas Invt Growth Rcpts 2,000 1,886
Treas Invt Growth Rcpts 12,000 8,137
US Strip 20,000 8,575
US Treas Coup 7,000 5,158
US Treas Strip 65,000 23,319
US Treas Strip 75,000 25,266
Zero Coupon Treasury Obligations 3,000 2,222
Municipal Obligations
Cypress-Fairbanks Tex Indpt School Dist 15,000 12,456
San Bernardino County 30,000 12,076
---------------
Total Corporate Bonds and Debentures 598,101
---------------
Other Assets
Other Assets
Franchise Fin Corp. 5,000 116,563
Mesa Offshore TR Unit Ben Trust 10,000 781
North European Oil RTY TR 300 4,950
Santa Fe Energy Dep UTS 200 4,338
Unit Investment Trusts
First Tr Int Growth SR 6 47 576
FT 428 Uncommon V 13M 948 7,205
Nasdaq 100 Shares 1,184 69,116
S&P Midcap 400 Unit Series 1 200 18,875
Spdr Trust Unit Series 1 706 92,618
Van Kampen Focus Series 1 657 6,964
Van Kampen Focus Series 5 181 2,208
40
Schedule
SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 2000
Identity of issue, borrower, lessor or similar party Number of
and description of investment including maturity date, shares, units Current
rate of interest, collateral, par or maturity value or par value value
- --------------------------------------------------------------------------- ------------------ ---------------
(Continued)
Van Kampen M G 9A 15R 409 $ 3,563
Van Kampen Tele 8A 15R 597 6,154
---------------
Total Other Assets 333,911
---------------
Preferred Stock
Preferred Stock
Bethlehem Steel $5.00 Pfd 702 11,276
Chiquita Brands 1,000 3,563
Chiquita Brands 5.75% 1,300 3,981
Dillards Cap TR I 500 6,563
Great Atlantic & Pacific 9.375% 500 5,625
Sterling Bancshares Cap TR I 400 9,600
Tesoro Pete Corp. Dep Sh 300 3,600
TXI Cap TR I 390 10,602
US BanCorp. Capital II 200 4,650
Westmoreland Coal Dep 1,900 38,950
Yardville Cap TR 400 3,600
---------------
Total Preferred Stock 102,010
---------------
Notes Receivable from Participants, Interest rates 8% to 9%* 2,090,940
---------------
Total Notes Receivable from Participants 2,090,940
---------------
Total Investments $ 58,168,451
===============
* A party-in-interest as defined by ERISA.
Note: Cost information has been omitted as all investments are participant-
directed.
41
SIGNATURE
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934,
- --------
the Administrator has duly caused this annual report to be signed on its behalf
by the undersigned thereunto duly authorized.
THE SOUTHWEST SECURITIES GROUP
401(K) PROFIT SHARING PLAN
Date: June 28, 2001 By: /s/ Jim Zimcosky
--------------------
Jim Zimcosky
Director - Human Resources
Plan Administrator
INDEPENDENT AUDITORS' CONSENT
-----------------------------
The Trustees Committee
Southwest Securities Group
401(K) Profit Sharing Plan:
We consent to the incorporation by reference in the registration statement No.
000-19483 on Form S-8 of Southwest Securities Group, Inc. of our report dated
June 8, 2001 relating to the statements of net assets available for benefits of
the Southwest Securities Group 401(K) Profit Sharing Plan as of December 31,
2000 and 1999, and the related statements of changes in net assets available for
benefits for the years then ended and the related schedule, which report appears
in the December 31, 2000 annual report on Form 11-K of the Southwest Securities
Group 401(K) Profit Sharing Plan.
KPMG LLP
Dallas, Texas
June 28, 2001