UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  Form 13F

                             Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:       June 30, 2002
                                               -----------------------

Check here if Amendment / /; Amendment Number:
                                               ---------
This Amendment (Check only one.):    / / is a restatement.
                                     / / adds new holdings entries.

Institutional Investment Manager Filing this Report:

   Name:         Verizon Investment Management Corp.
                 -----------------------------------
   Address:      695 Main Street, 6th Floor
                 -----------------------------------
                 Stamford, Connecticut  06901
                 -----------------------------------

                 -----------------------------------

Form 13F File Number: 028-04063
                         ---------------------

    The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Marie LoGiudice
         -------------------------------
Title:   Vice President-Operations
         -------------------------------
Phone:   203 965-3726
         -------------------------------

Signature, Place, and Date of Signing:

/s/                                Stamford, Connecticut       7/29/02
-------------------------------    ----------------------   -------------
[Signature]                        [City, State]               [Date]

Report Type (Check only one.):

    /X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
        manager are reported in this report.)

    / / 13F NOTICE. (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting manager(s).)

    / / 13F COMBINATION REPORT. (Check here if a portion of the holdings for
        this reporting manager are reported in this report and a portion are
        reported by other reporting manager(s).)




                             Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                                 0
                                                           --------------------

Form 13F Information Table Entry Total:                          895
                                                           --------------------

Form 13F Information Table Value Total:                   $6,273,469
                                                           --------------------
                                                                    (thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.


NONE
-------------------------------------------------------------------------------





                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
ACE LTD                       ORD            G0070K103      1,094      34,620     X                                          34,620
COOPER INDS LTD               CL A           G24182100      1,489      37,877     X                                          37,877
GLOBALSANTAFE CORP            SHS            G3930E101      3,244     118,622     X                                         118,622
INGERSOLL-RAND COMPANY LTD    CL A           G4776G101      5,649     123,723     X                                         123,723
NOBLE CORPORATION             SHS            G65422100      1,343      34,791     X                                          34,791
TRANSOCEAN INC                ORD            G90078109      1,314      42,184     X                                          42,184
WHITE MTNS INS GROUP LTD      COM            G9618E107        823       2,600     X                                           2,600
XL CAP LTD                    CL A           G98255105      3,666      43,288     X                                          43,288
A D C TELECOMMUNICATIONS      COM            000886101        470     205,081     X                                         205,081
AFLAC INC                     COM            001055102      8,281     258,786     X                                         258,786
AGCO CORP                     COM            001084102        210      10,760     X                                          10,760
AGL RES INC                   COM            001204106        951      41,000     X                                          41,000
AES CORP                      COM            00130H105        951     175,385     X                                         175,385
AMR CORP                      COM            001765106        849      50,354     X                                          50,354
AOL TIME WARNER INC           COM            00184A105     38,939   2,647,145     X                                       2,647,145
AT&T CORP                     COM            001957109     21,927   2,049,273     X                                       2,049,273
AT&T WIRELESS SVCS INC        COM            00209A106      5,887   1,006,266     X                                       1,006,266
ABBOTT LABS                   COM            002824100     43,656   1,159,519     X                                       1,159,519
ABERCROMBIE & FITCH CO        CL A           002896207        606      25,106     X                                          25,106
ACCREDO HEALTH INC            COM            00437V104        300       6,506     X                                           6,506
ACTIVISION INC NEW            COM NEW        004930202      4,128     142,063     X                                         142,063
ACTION PERFORMANCE COS INC    COM            004933107        313       9,900     X                                           9,900
ACXIOM CORP                   COM            005125109        240      13,727     X                                          13,727
ADAPTEC INC                   COM            00651F108        118      14,978     X                                          14,978
ADOBE SYS INC                 COM            00724F101      6,076     213,200     X                                         213,200
ADVANCED FIBRE COMMUNICATION  COM            00754A105        197      11,917     X                                          11,917
ADVANCEPCS                    COM            00790K109        691      28,860     X                                          28,860
ADVANCED MICRO DEVICES INC    COM            007903107      1,313     135,073     X                                         135,073
ADVENT SOFTWARE INC           COM            007974108        446      17,343     X                                          17,343
AETNA INC NEW                 COM            00817Y108      1,351      28,166     X                                          28,166
AFFILIATED COMPUTER SERVICES  CL A           008190100      8,484     178,696     X                                         178,696
AFFILIATED MANAGERS GROUP     COM            008252108        258       4,200     X                                           4,200
AFFYMETRIX INC                COM            00826T108        267      11,122     X                                          11,122
AGERE SYS INC                 CL A           00845V100         20      14,652     X                                          14,652
AGERE SYS INC                 CL B           00845V209        905     603,459     X                                         603,459
AGILENT TECHNOLOGIES INC      COM            00846U101      3,534     149,445     X                                         149,445
AIR PRODS & CHEMS INC         COM            009158106     10,392     205,902     X                                         205,902
ALBERTO CULVER CO             CL B CONV      013068101      3,985      83,366     X                                          83,366
ALBERTSONS INC                COM            013104104      8,183     268,659     X                                         268,659
ALCAN INC                     COM            013716105      1,910      50,898     X                                          50,898
ALCOA INC                     COM            013817101     19,668     593,312     X                                         593,312
ALLEGHENY ENERGY INC          COM            017361106      1,552      60,281     X                                          60,281
ALLEGHENY TECHNOLOGIES INC    COM            01741R102        247      15,637     X                                          15,637
ALLERGAN INC                  COM            018490102      3,639      54,517     X                                          54,517
ALLIANCE DATA SYSTEMS CORP    COM            018581108        280      10,976     X                                          10,976
ALLIANT TECHSYSTEMS INC       COM            018804104        456       7,149     X                                           7,149
ALLIED CAP CORP NEW           COM            01903Q108        435      19,217     X                                          19,217
ALLIED WASTE INDS INC         COM PAR$.01NEW 019589308        497      51,821     X                                          51,821
ALLSTATE CORP                 COM            020002101     17,305     467,944     X                                         467,944
ALLTEL CORP                   COM            020039103      7,143     151,988     X                                         151,988
ALTERA CORP                   COM            021441100      2,012     147,971     X                                         147,971
AMAZON COM INC                COM            023135106      2,322     142,889     X                                         142,889
AMBAC FINL GROUP INC          COM            023139108      9,738     144,909     X                                         144,909
AMERADA HESS CORP             COM            023551104      9,877     119,723     X                                         119,723


                                       1


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
AMEREN CORP                   COM            023608102      1,450      33,721     X                                          33,721
AMERICAN EAGLE OUTFITTERS NE  COM            02553E106        232      10,965     X                                          10,965
AMERICAN ELEC PWR INC         COM            025537101      7,343     183,485     X                                         183,485
AMERICAN EXPRESS CO           COM            025816109     25,328     697,355     X                                         697,355
AMERICAN GREETINGS CORP       CL A           026375105        214      12,868     X                                          12,868
AMERICAN INTL GROUP INC       COM            026874107     90,330   1,323,911     X                                       1,323,911
AMERICAN NATL INS CO          COM            028591105      2,372      24,629     X                                          24,629
AMERICAN PWR CONVERSION CORP  COM            029066107        499      39,527     X                                          39,527
AMERICAN STD COS INC DEL      COM            029712106      2,296      30,579     X                                          30,579
AMERICAN TOWER CORP           CL A           029912201        110      32,000     X                                          32,000
AMERICAN WTR WKS INC          COM            030411102      9,351     216,413     X                                         216,413
AMERICREDIT CORP              COM            03060R101        444      15,839     X                                          15,839
AMERISOURCEBERGEN CORP        COM            03073E105      6,991      91,987     X                                          91,987
AMETEK INC NEW                COM            031100100      2,496      67,000     X                                          67,000
AMGEN INC                     COM            031162100     31,686     756,579     X                                         756,579
AMKOR TECHNOLOGY INC          COM            031652100         88      14,183     X                                          14,183
AMPHENOL CORP NEW             CL A           032095101      1,982      55,060     X                                          55,060
AMSOUTH BANCORPORATION        COM            032165102      1,757      78,519     X                                          78,519
ANADARKO PETE CORP            COM            032511107      6,899     139,934     X                                         139,934
ANALOG DEVICES INC            COM            032654105      7,320     246,455     X                                         246,455
ANDREW CORP                   COM            034425108      1,233      82,664     X                                          82,664
ANDRX GROUP                   COM            034553107        377      13,981     X                                          13,981
ANHEUSER BUSCH COS INC        COM            035229103     30,290     605,801     X                                         605,801
ANSYS INC                     COM            03662Q105        774      38,500     X                                          38,500
ANTHEM INC                    COM            03674B104      1,345      19,930     X                                          19,930
AON CORP                      COM            037389103      1,487      50,454     X                                          50,454
APACHE CORP                   COM            037411105      3,432      59,712     X                                          59,712
APARTMENT INVT & MGMT CO      CL A           03748R101        219       4,459     X                                           4,459
APOGENT TECHNOLOGIES INC      COM            03760A101        304      14,800     X                                          14,800
APOLLO GROUP INC              CL A           037604105     10,080     255,697     X                                         255,697
APOLLO GROUP INC              COM UNV PHOENX 037604204      1,677      56,612     X                                          56,612
APPLE COMPUTER INC            COM            037833100      3,083     173,968     X                                         173,968
APPLEBEES INTL INC            COM            037899101        280      12,323     X                                          12,323
APPLERA CORP                  COM AP BIO GRP 038020103      1,802      92,460     X                                          92,460
APPLIED MICRO CIRCUITS CORP   COM            03822W109        386      81,595     X                                          81,595
APPLIED MATLS INC             COM            038222105     28,705   1,509,207     X                                       1,509,207
ARCHER DANIELS MIDLAND CO     COM            039483102      2,794     218,465     X                                         218,465
ARCHSTONE SMITH TR            COM            039583109        287      10,740     X                                          10,740
ARROW ELECTRS INC             COM            042735100        849      40,933     X                                          40,933
ARVINMERITOR INC              COM            043353101      1,781      74,223     X                                          74,223
ASHLAND INC                   COM            044204105      2,282      56,355     X                                          56,355
ASSOCIATED BANC CORP          COM            045487105      2,249      59,639     X                                          59,639
ATMEL CORP                    COM            049513104        442      70,581     X                                          70,581
AUTODESK INC                  COM            052769106        360      27,190     X                                          27,190
AUTOLIV INC                   COM            052800109        735      29,180     X                                          29,180
AUTOMATIC DATA PROCESSING IN  COM            053015103      9,529     218,802     X                                         218,802
AUTONATION INC                COM            05329W102        176      12,125     X                                          12,125
AUTOZONE INC                  COM            053332102      5,403      69,900     X                                          69,900
AVAYA INC                     COM            053499109        381      76,924     X                                          76,924
AVERY DENNISON CORP           COM            053611109      2,608      41,569     X                                          41,569
AVNET INC                     COM            053807103      1,829      83,187     X                                          83,187
AVON PRODS INC                COM            054303102      6,887     131,843     X                                         131,843
AZTAR CORP                    COM            054802103      2,712     130,400     X                                         130,400
BB&T CORP                     COM            054937107      3,571      92,518     X                                          92,518


                                       2


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
BISYS GROUP INC               COM            055472104      6,057     181,894     X                                         181,894
BJS WHOLESALE CLUB INC        COM            05548J106      1,079      28,031     X                                          28,031
BJ SVCS CO                    COM            055482103      5,970     176,205     X                                         176,205
BMC SOFTWARE INC              COM            055921100      1,133      68,283     X                                          68,283
BAKER HUGHES INC              COM            057224107      6,343     190,524     X                                         190,524
BALL CORP                     COM            058498106      5,916     142,612     X                                         142,612
BANK OF AMERICA CORPORATION   COM            060505104     90,450   1,285,530     X                                       1,285,530
BANK HAWAII CORP              COM            062540109      3,042     108,652     X                                         108,652
BANK NEW YORK INC             COM            064057102      6,949     205,889     X                                         205,889
BANK ONE CORP                 COM            06423A103     26,180     680,345     X                                         680,345
BANKNORTH GROUP INC NEW       COM            06646R107     11,232     431,665     X                                         431,665
BARD C R INC                  COM            067383109        575      10,167     X                                          10,167
BARRICK GOLD CORP             COM            067901108      1,473      77,578     X                                          77,578
BARR LABS INC                 COM            068306109      2,472      38,911     X                                          38,911
BAUSCH & LOMB INC             COM            071707103        343      10,131     X                                          10,131
BAXTER INTL INC               COM            071813109     25,145     565,686     X                                         565,686
BEA SYS INC                   COM            073325102        757      79,570     X                                          79,570
BEAR STEARNS COS INC          COM            073902108      9,794     160,025     X                                         160,025
BECKMAN COULTER INC           COM            075811109     10,947     219,372     X                                         219,372
BECTON DICKINSON & CO         COM            075887109      4,362     126,629     X                                         126,629
BED BATH & BEYOND INC         COM            075896100      6,227     165,002     X                                         165,002
BELLSOUTH CORP                COM            079860102     34,031   1,080,343     X                                       1,080,343
BEMIS INC                     COM            081437105      1,512      31,842     X                                          31,842
BERKSHIRE HATHAWAY INC DEL    CL A           084670108      7,348         110     X                                             110
BEST BUY INC                  COM            086516101      9,685     266,816     X                                         266,816
BIG LOTS INC                  COM            089302103        642      32,606     X                                          32,606
BIOGEN INC                    COM            090597105      2,171      52,409     X                                          52,409
BIOMET INC                    COM            090613100      2,565      94,566     X                                          94,566
BLACK & DECKER CORP           COM            091797100      1,333      27,647     X                                          27,647
BLOCK H & R INC               COM            093671105      8,618     186,740     X                                         186,740
BOEING CO                     COM            097023105     28,631     636,250     X                                         636,250
BOISE CASCADE CORP            COM            097383103      1,100      31,854     X                                          31,854
BORG WARNER INC               COM            099724106      2,746      47,533     X                                          47,533
BOSTON SCIENTIFIC CORP        COM            101137107      6,044     206,126     X                                         206,126
BOWATER INC                   COM            102183100      3,294      60,588     X                                          60,588
BRINKER INTL INC              COM            109641100      4,060     127,874     X                                         127,874
BRISTOL MYERS SQUIBB CO       COM            110122108     24,172     940,540     X                                         940,540
BROADCOM CORP                 CL A           111320107      1,743      99,352     X                                          99,352
BROCADE COMMUNICATIONS SYS I  COM            111621108      1,588      90,829     X                                          90,829
BROWN & BROWN INC             COM            115236101        733      23,265     X                                          23,265
BROWN FORMAN CORP             CL B           115637209      2,730      39,568     X                                          39,568
BRUNSWICK CORP                COM            117043109        487      17,398     X                                          17,398
BURLINGTON NORTHN SANTA FE C  COM            12189T104      6,388     212,926     X                                         212,926
BURLINGTON RES INC            COM            122014103      1,735      45,648     X                                          45,648
CDW COMPUTER CTRS INC         COM            125129106      2,294      49,007     X                                          49,007
CEC ENTMT INC                 COM            125137109        236       5,718     X                                           5,718
C H ROBINSON WORLDWIDE INC    COM            12541W100        973      29,005     X                                          29,005
CIGNA CORP                    COM            125509109     16,142     165,691     X                                         165,691
CMS ENERGY CORP               COM            125896100      2,382     216,927     X                                         216,927
CSG SYS INTL INC              COM            126349109        303      15,835     X                                          15,835
CSX CORP                      COM            126408103      1,441      41,121     X                                          41,121
CVS CORP                      COM            126650100      6,006     196,272     X                                         196,272
CABOT CORP                    COM            127055101      1,067      37,232     X                                          37,232
CACI INTL INC                 CL A           127190304      3,086      80,800     X                                          80,800


                                       3


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
CADENCE DESIGN SYSTEM INC     COM            127387108      4,554     282,527     X                                         282,527
CALPINE CORP                  COM            131347106      1,005     142,951     X                                         142,951
CAMPBELL SOUP CO              COM            134429109      1,877      67,858     X                                          67,858
CANADIAN NATL RY CO           COM            136375102      4,408      85,100     X                                          85,100
CAPITAL ONE FINL CORP         COM            14040H105     15,043     246,410     X                                         246,410
CARDINAL HEALTH INC           COM            14149Y108     20,797     338,666     X                                         338,666
CAREER EDUCATION CORP         COM            141665109        447       9,932     X                                           9,932
CAREMARK RX INC               COM            141705103      2,023     122,605     X                                         122,605
CARNIVAL CORP                 COM            143658102      2,145      77,450     X                                          77,450
CATALINA MARKETING CORP       COM            148867104        499      17,672     X                                          17,672
CATELLUS DEV CORP             COM            149111106        310      15,177     X                                          15,177
CATERPILLAR INC DEL           COM            149123101     11,657     238,140     X                                         238,140
CELGENE CORP                  COM            151020104        256      16,713     X                                          16,713
CENDANT CORP                  COM            151313103      8,598     541,466     X                                         541,466
CENTEX CORP                   COM            152312104      2,452      42,423     X                                          42,423
CENTURYTEL INC                COM            156700106      4,887     165,670     X                                         165,670
CEPHALON INC                  COM            156708109      1,500      33,190     X                                          33,190
CERIDIAN CORP NEW             COM            156779100      1,472      77,548     X                                          77,548
CERNER CORP                   COM            156782104      1,429      29,875     X                                          29,875
CERTEGY INC                   COM            156880106      1,229      33,117     X                                          33,117
CHARLES RIV LABS INTL INC     COM            159864107        344       9,820     X                                           9,820
CHARTER ONE FINL INC          COM            160903100      2,201      64,030     X                                          64,030
CHEESECAKE FACTORY INC        COM            163072101        658      18,534     X                                          18,534
CHEMED CORP                   COM            163596109        648      17,200     X                                          17,200
CHEVRONTEXACO CORP            COM            166764100     51,041     576,738     X                                         576,738
CHICOS FAS INC                COM            168615102        945      26,010     X                                          26,010
CHIRON CORP                   COM            170040109      2,342      66,253     X                                          66,253
CHOICEPOINT INC               COM            170388102      6,976     153,423     X                                         153,423
CHUBB CORP                    COM            171232101      2,301      32,506     X                                          32,506
CIENA CORP                    COM            171779101        620     147,868     X                                         147,868
CINCINNATI FINL CORP          COM            172062101      5,228     112,349     X                                         112,349
CINERGY CORP                  COM            172474108      3,859     107,216     X                                         107,216
CIRCUIT CITY STORE INC        CIRCT CITY GRP 172737108        836      44,584     X                                          44,584
CISCO SYS INC                 COM            17275R102     82,805   5,935,840     X                                       5,935,840
CINTAS CORP                   COM            172908105      3,035      61,404     X                                          61,404
CITIGROUP INC                 COM            172967101    137,231   3,541,458     X                                       3,541,458
CITIZENS COMMUNICATIONS CO    COM            17453B101        767      91,741     X                                          91,741
CITRIX SYS INC                COM            177376100        366      60,626     X                                          60,626
CLARCOR INC                   COM            179895107        953      30,100     X                                          30,100
CLEAR CHANNEL COMMUNICATIONS  COM            184502102      4,931     153,999     X                                         153,999
CLOROX CO DEL                 COM            189054109      3,676      88,911     X                                          88,911
COACH INC                     COM            189754104      5,100      92,893     X                                          92,893
COCA COLA CO                  COM            191216100     85,040   1,518,567     X                                       1,518,567
COCA COLA ENTERPRISES INC     COM            191219104      2,762     125,089     X                                         125,089
COLGATE PALMOLIVE CO          COM            194162103     10,905     217,887     X                                         217,887
COLUMBIA SPORTSWEAR CO        COM            198516106        380      11,868     X                                          11,868
COMCAST CORP                  CL A SPL       200300200      6,797     285,098     X                                         285,098
COMERICA INC                  COM            200340107      9,073     147,776     X                                         147,776
COMMERCE BANCORP INC NJ       COM            200519106      4,848     109,675     X                                         109,675
COMMERCE BANCSHARES INC       COM            200525103      1,419      32,077     X                                          32,077
COMMERCIAL FEDERAL CORPORATI  COM            201647104      1,563      53,900     X                                          53,900
COMMUNITY HEALTH SYS INC NEW  COM            203668108        236       8,798     X                                           8,798
COMPASS BANCSHARES INC        COM            20449H109      2,546      75,787     X                                          75,787
COMPUTER ASSOC INTL INC       COM            204912109      3,369     212,032     X                                         212,032


                                       4


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
COMPUTER SCIENCES CORP        COM            205363104      3,355      70,186     X                                          70,186
COMPUWARE CORP                COM            205638109      1,633     269,002     X                                         269,002
COMVERSE TECHNOLOGY INC       COM PAR $0.10  205862402      1,184     127,834     X                                         127,834
CONAGRA FOODS INC             COM            205887102      4,039     146,073     X                                         146,073
CONCORD EFS INC               COM            206197105     15,137     502,209     X                                         502,209
CONEXANT SYSTEMS INC          COM            207142100         59      36,423     X                                          36,423
CONOCO INC                    COM            208251504      8,128     292,386     X                                         292,386
CONSECO INC                   COM            208464107         92      45,910     X                                          45,910
CONSOLIDATED EDISON INC       COM            209115104      3,591      86,016     X                                          86,016
CONSTELLATION BRANDS INC      CL A           21036P108      2,537      79,281     X                                          79,281
CONSTELLATION ENERGY GROUP I  COM            210371100        928      31,640     X                                          31,640
CONVERGYS CORP                COM            212485106      1,683      86,415     X                                          86,415
COOPER CAMERON CORP           COM            216640102      2,448      50,563     X                                          50,563
COOPER TIRE & RUBR CO         COM            216831107        278      13,508     X                                          13,508
COORS ADOLPH CO               CL B           217016104      3,244      52,063     X                                          52,063
COPART INC                    COM            217204106        240      14,789     X                                          14,789
CORNING INC                   COM            219350105      1,233     347,402     X                                         347,402
COSTCO WHSL CORP NEW          COM            22160K105      9,852     255,109     X                                         255,109
COUNTRYWIDE CR INDS INC DEL   COM            222372104      6,159     127,642     X                                         127,642
COX COMMUNICATIONS INC NEW    CL A           224044107        829      30,102     X                                          30,102
COX RADIO INC                 CL A           224051102      2,112      87,638     X                                          87,638
CRANE CO                      COM            224399105      1,076      42,384     X                                          42,384
CUMMINS INC                   COM            231021106        250       7,565     X                                           7,565
CYMER INC                     COM            232572107        263       7,495     X                                           7,495
CYPRESS SEMICONDUCTOR CORP    COM            232806109      1,435      94,503     X                                          94,503
CYTYC CORP                    COM            232946103        746      97,954     X                                          97,954
DPL INC                       COM            233293109        204       7,719     X                                           7,719
D R HORTON INC                COM            23331A109        755      28,999     X                                          28,999
DST SYS INC DEL               COM            233326107      3,997      87,432     X                                          87,432
DTE ENERGY CO                 COM            233331107     13,094     293,325     X                                         293,325
DAISYTEK INTL CORP            COM            234053106        882      52,000     X                                          52,000
DANA CORP                     COM            235811106        532      28,690     X                                          28,690
DANAHER CORP DEL              COM            235851102      6,237      94,000     X                                          94,000
DARDEN RESTAURANTS INC        COM            237194105      2,061      83,460     X                                          83,460
DAVITA INC                    COM            23918K108        407      17,113     X                                          17,113
DEAN FOODS CO NEW             COM            242370104        205       5,492     X                                           5,492
DEERE & CO                    COM            244199105      3,804      79,417     X                                          79,417
DELL COMPUTER CORP            COM            247025109     59,227   2,265,763     X                                       2,265,763
DELPHI CORP                   COM            247126105      1,429     108,232     X                                         108,232
DELTA AIR LINES INC DEL       COM            247361108        476      23,805     X                                          23,805
DELUXE CORP                   COM            248019101      4,992     128,356     X                                         128,356
DENTSPLY INTL INC NEW         COM            249030107      1,373      37,209     X                                          37,209
DEVON ENERGY CORP NEW         COM            25179M103      7,302     148,171     X                                         148,171
DEVRY INC DEL                 COM            251893103        288      12,609     X                                          12,609
DIAGEO P L C                  SPON ADR NEW   25243Q205        976      18,900     X                                          18,900
DIAL CORP NEW                 COM            25247D101        274      13,669     X                                          13,669
DIAMOND OFFSHORE DRILLING IN  COM            25271C102      2,726      95,663     X                                          95,663
DIEBOLD INC                   COM            253651103      2,383      63,992     X                                          63,992
DIGITAL INSIGHT CORP          COM            25385P106        605      36,800     X                                          36,800
DILLARDS INC                  CL A           254067101        403      15,316     X                                          15,316
DISNEY WALT CO                COM DISNEY     254687106     22,542   1,192,709     X                                       1,192,709
DOLE FOOD INC                 COM            256605106      2,959     102,560     X                                         102,560
DOLLAR GEN CORP               COM            256669102      2,018     106,029     X                                         106,029
DOLLAR TREE STORES INC        COM            256747106      4,768     120,989     X                                         120,989


                                       5


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
DOMINION RES INC VA NEW       COM            25746U109      7,340     110,872     X                                         110,872
DONALDSON INC                 COM            257651109      4,376     124,880     X                                         124,880
DONNELLEY R R & SONS CO       COM            257867101        655      23,769     X                                          23,769
DORAL FINL CORP               COM            25811P100      2,234      66,897     X                                          66,897
DOUBLECLICK INC               COM            258609304        218      30,000     X                                          30,000
DOVER CORP                    COM            260003108      1,369      39,118     X                                          39,118
DOW CHEM CO                   COM            260543103     21,454     624,028     X                                         624,028
DOW JONES & CO INC            COM            260561105        931      19,223     X                                          19,223
DREYERS GRAND ICE CREAM INC   COM            261878102        282       4,107     X                                           4,107
DU PONT E I DE NEMOURS & CO   COM            263534109     22,459     505,829     X                                         505,829
DUKE ENERGY CORP              COM            264399106      9,797     315,025     X                                         315,025
DUKE REALTY CORP              COM NEW        264411505        237       8,195     X                                           8,195
DUN & BRADSTREET CORP DEL NE  COM            26483E100      3,866     116,968     X                                         116,968
DYNEGY INC NEW                CL A           26816Q101      1,712     237,829     X                                         237,829
E M C CORP MASS               COM            268648102      9,628   1,275,174     X                                       1,275,174
ENSCO INTL INC                COM            26874Q100      1,052      38,575     X                                          38,575
EOG RES INC                   COM            26875P101      1,177      29,640     X                                          29,640
ESS TECHNOLOGY INC            COM            269151106        424      24,200     X                                          24,200
E TRADE GROUP INC             COM            269246104        209      38,264     X                                          38,264
EASTMAN CHEM CO               COM            277432100      4,873     103,904     X                                         103,904
EASTMAN KODAK CO              COM            277461109      3,904     133,839     X                                         133,839
EATON CORP                    COM            278058102      2,267      31,164     X                                          31,164
EATON VANCE CORP              COM NON VTG    278265103        404      12,945     X                                          12,945
EBAY INC                      COM            278642103      6,467     104,943     X                                         104,943
ECHOSTAR COMMUNICATIONS NEW   CL A           278762109        990      53,320     X                                          53,320
ECOLAB INC                    COM            278865100      4,133      89,410     X                                          89,410
EDISON INTL                   COM            281020107      4,934     290,232     X                                         290,232
EDUCATION MGMT CORP           COM            28139T101        221       5,424     X                                           5,424
J D EDWARDS & CO              COM            281667105        792      65,176     X                                          65,176
EDWARDS LIFESCIENCES CORP     COM            28176E108        238      10,260     X                                          10,260
EDWARDS AG INC                COM            281760108      3,495      89,919     X                                          89,919
EL PASO CORP                  COM            28336L109      8,965     434,979     X                                         434,979
ELECTRONIC ARTS INC           COM            285512109      5,959      90,220     X                                          90,220
ELECTRONIC DATA SYS NEW       COM            285661104     10,309     277,502     X                                         277,502
EMERSON ELEC CO               COM            291011104     11,059     206,681     X                                         206,681
EMULEX CORP                   COM NEW        292475209      1,888      83,855     X                                          83,855
ENERGY EAST CORP              COM            29266M109      1,526      67,529     X                                          67,529
ENERGIZER HLDGS INC           COM            29266R108      1,115      40,660     X                                          40,660
ENGELHARD CORP                COM            292845104      3,233     114,158     X                                         114,158
ENGINEERED SUPPORT SYS INC    COM            292866100      3,818      73,000     X                                          73,000
ENPRO INDS INC                COM            29355X107         59      11,220     X                                          11,220
ENTERCOM COMMUNICATIONS CORP  CL A           293639100      1,132      24,667     X                                          24,667
ENTERGY CORP NEW              COM            29364G103     11,877     279,859     X                                         279,859
EQUIFAX INC                   COM            294429105      2,278      84,354     X                                          84,354
EQUITABLE RES INC             COM            294549100      1,848      53,866     X                                          53,866
EQUITY OFFICE PROPERTIES TRU  COM            294741103      6,161     204,684     X                                         204,684
EQUITY RESIDENTIAL            SH BEN INT     29476L107      1,527      53,116     X                                          53,116
ERIE INDTY CO                 CL A           29530P102      1,029      25,402     X                                          25,402
EXELON CORP                   COM            30161N101      7,042     134,649     X                                         134,649
EXPEDIA INC                   CL A           302125109      1,130      19,061     X                                          19,061
EXPEDITORS INTL WASH INC      COM            302130109      2,017      60,823     X                                          60,823
EXPRESS SCRIPTS INC           COM            302182100        699      13,955     X                                          13,955
EXXON MOBIL CORP              COM            30231G102    175,722   4,294,278     X                                       4,294,278
FLIR SYS INC                  COM            302445101      4,461     106,300     X                                         106,300


                                       6


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
F M C CORP                    COM NEW        302491303        787      26,100     X                                          26,100
FPL GROUP INC                 COM            302571104      5,530      92,174     X                                          92,174
FAIR ISAAC & CO INC           COM            303250104        237       7,197     X                                           7,197
FAIRCHILD SEMICONDUCTOR INTL  CL A           303726103      3,560     146,490     X                                         146,490
FAMILY DLR STORES INC         COM            307000109      5,050     143,254     X                                         143,254
FASTENAL CO                   COM            311900104      1,384      35,951     X                                          35,951
FEDERAL HOME LN MTG CORP      COM            313400301     31,481     514,401     X                                         514,401
FEDERAL NATL MTG ASSN         COM            313586109     55,425     751,523     X                                         751,523
FEDERATED DEPT STORES INC DE  COM            31410H101      2,165      54,542     X                                          54,542
FEDERATED INVS INC PA         CL B           314211103      2,530      73,191     X                                          73,191
FEDEX CORP                    COM            31428X106      9,430     176,597     X                                         176,597
FERRO CORP                    COM            315405100      4,468     148,200     X                                         148,200
FIFTH THIRD BANCORP           COM            316773100     24,090     361,447     X                                         361,447
FIRST AMERN CORP CALIF        COM            318522307      1,020      44,360     X                                          44,360
FIRST DATA CORP               COM            319963104     30,543     821,056     X                                         821,056
FIRST INDUSTRIAL REALTY TRUS  COM            32054K103      1,679      51,103     X                                          51,103
FIRST HEALTH GROUP CORP       COM            320960107        627      22,350     X                                          22,350
FIRST TENN NATL CORP          COM            337162101      6,677     174,337     X                                         174,337
FISERV INC                    COM            337738108      6,516     177,486     X                                         177,486
FLAGSTAR BANCORP INC          COM            337930101      1,040      45,000     X                                          45,000
FIRSTENERGY CORP              COM            337932107      1,877      56,233     X                                          56,233
FISHER SCIENTIFIC INTL INC    COM NEW        338032204        337      12,043     X                                          12,043
FLEETBOSTON FINL CORP         COM            339030108     22,395     692,267     X                                         692,267
FLUOR CORP NEW                COM            343412102        686      17,601     X                                          17,601
FLOWERS FOODS INC             COM            343498101        776      30,000     X                                          30,000
FLOWSERVE CORP                COM            34354P105      2,484      83,354     X                                          83,354
FOOT LOCKER INC               COM            344849104        247      17,087     X                                          17,087
FORD MTR CO DEL               COM PAR $0.01  345370860     13,120     819,992     X                                         819,992
FOREST LABS INC               COM            345838106     17,459     246,598     X                                         246,598
FORTUNE BRANDS INC            COM            349631101     12,672     226,292     X                                         226,292
FOX ENTMT GROUP INC           CL A           35138T107      2,475     113,775     X                                         113,775
FRANKLIN RES INC              COM            354613101      3,196      74,962     X                                          74,962
FREEPORT-MCMORAN COPPER & GO  CL B           35671D857      1,168      65,444     X                                          65,444
FURNITURE BRANDS INTL INC     COM            360921100        251       8,306     X                                           8,306
GALLAGHER ARTHUR J & CO       COM            363576109      1,269      36,609     X                                          36,609
GANNETT INC                   COM            364730101     17,902     235,860     X                                         235,860
GAP INC DEL                   COM            364760108      4,087     287,814     X                                         287,814
GATEWAY INC                   COM            367626108        238      53,602     X                                          53,602
GAYLORD ENTMT CO NEW          COM            367905106      1,330      60,300     X                                          60,300
GEMSTAR-TV GUIDE INTL INC     COM            36866W106        171      31,687     X                                          31,687
GENENTECH INC                 COM NEW        368710406      1,521      45,391     X                                          45,391
GENERAL DYNAMICS CORP         COM            369550108     10,574      99,422     X                                          99,422
GENERAL ELEC CO               COM            369604103    212,747   7,323,485     X                                       7,323,485
GENERAL MLS INC               COM            370334104      7,841     177,887     X                                         177,887
GENERAL MTRS CORP             COM            370442105     26,483     495,480     X                                         495,480
GENERAL MTRS CORP             CL H NEW       370442832      1,317     126,611     X                                         126,611
GENTEX CORP                   COM            371901109        458      16,678     X                                          16,678
GENUINE PARTS CO              COM            372460105      5,963     171,017     X                                         171,017
GENZYME CORP                  COM GENL DIV   372917104      1,469      76,351     X                                          76,351
GEORGIA PAC CORP              COM            373298108      5,164     210,107     X                                         210,107
GILEAD SCIENCES INC           COM            375558103      4,693     142,733     X                                         142,733
GILLETTE CO                   COM            375766102     13,983     412,858     X                                         412,858
GLOBAL PMTS INC               COM            37940X102        537      18,063     X                                          18,063
GOLDEN WEST FINL CORP DEL     COM            381317106      5,241      76,198     X                                          76,198


                                       7


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
GOLDMAN SACHS GROUP INC       COM            38141G104      5,334      72,720     X                                          72,720
GOODRICH CORP                 COM            382388106      2,061      75,444     X                                          75,444
GOODYEAR TIRE & RUBR CO       COM            382550101        566      30,245     X                                          30,245
GRACO INC                     COM            384109104        264      10,485     X                                          10,485
GRAFTECH INTL LTD             COM            384313102        629      51,100     X                                          51,100
GRAINGER W W INC              COM            384802104      1,935      38,614     X                                          38,614
GRANT PRIDECO INC             COM            38821G101        267      19,596     X                                          19,596
GREAT LAKES CHEM CORP         COM            390568103      1,924      72,631     X                                          72,631
GREENPOINT FINL CORP          COM            395384100        255       5,195     X                                           5,195
GRUPO TELEVISA SA DE CV       SP ADR REP ORD 40049J206        520      13,900     X                                          13,900
GTECH HLDGS CORP              COM            400518106      1,785      69,889     X                                          69,889
GUIDANT CORP                  COM            401698105      5,524     182,725     X                                         182,725
HCA INC                       COM            404119109     13,990     294,518     X                                         294,518
HALLIBURTON CO                COM            406216101      3,564     223,579     X                                         223,579
HANCOCK JOHN FINL SVCS INC    COM            41014S106      2,705      76,844     X                                          76,844
HANOVER COMPRESSOR CO         COM            410768105        257      19,000     X                                          19,000
HARLEY DAVIDSON INC           COM            412822108     12,260     239,133     X                                         239,133
HARMAN INTL INDS INC          COM            413086109        282       5,717     X                                           5,717
HARRAHS ENTMT INC             COM            413619107      4,452     100,386     X                                         100,386
HARRIS CORP DEL               COM            413875105      3,951     109,021     X                                         109,021
HARTE-HANKS INC               COM            416196103      2,053      99,904     X                                          99,904
HARTFORD FINL SVCS GROUP INC  COM            416515104     10,571     177,762     X                                         177,762
HASBRO INC                    COM            418056107        426      31,406     X                                          31,406
HEALTHSOUTH CORP              COM            421924101      1,027      80,311     X                                          80,311
HEALTH MGMT ASSOC INC NEW     CL A           421933102      2,263     112,320     X                                         112,320
HEALTH NET INC                COM            42222G108        263       9,843     X                                           9,843
HEINZ H J CO                  COM            423074103      3,896      94,795     X                                          94,795
HELMERICH & PAYNE INC         COM            423452101      1,120      31,345     X                                          31,345
HENRY JACK & ASSOC INC        COM            426281101        251      15,019     X                                          15,019
HERCULES INC                  COM            427056106        411      35,389     X                                          35,389
HERSHEY FOODS CORP            COM            427866108      1,940      31,036     X                                          31,036
HEWLETT PACKARD CO            COM            428236103     14,771     966,673     X                                         966,673
HIBERNIA CORP                 CL A           428656102        508      25,669     X                                          25,669
HILLENBRAND INDS INC          COM            431573104      5,393      96,050     X                                          96,050
HILTON HOTELS CORP            COM            432848109      1,108      79,736     X                                          79,736
HISPANIC BROADCASTING CORP    CL A           43357B104        874      33,501     X                                          33,501
HOLLINGER INTL INC            CL A           435569108        253      21,100     X                                          21,100
HOME DEPOT INC                COM            437076102     56,299   1,532,773     X                                       1,532,773
HONEYWELL INTL INC            COM            438516106     13,896     394,427     X                                         394,427
HORMEL FOODS CORP             COM            440452100      2,355      98,356     X                                          98,356
HOST MARRIOTT CORP NEW        COM            44107P104        162      14,345     X                                          14,345
HOUSEHOLD INTL INC            COM            441815107     12,285     247,185     X                                         247,185
HUDSON CITY BANCORP           COM            443683107      1,614      81,743     X                                          81,743
HUDSON UNITED BANCORP         COM            444165104      1,334      46,719     X                                          46,719
HUMANA INC                    COM            444859102        510      32,617     X                                          32,617
HUMAN GENOME SCIENCES INC     COM            444903108        227      16,974     X                                          16,974
HUNTINGTON BANCSHARES INC     COM            446150104        938      48,278     X                                          48,278
ICN PHARMACEUTICALS INC NEW   COM            448924100        662      27,341     X                                          27,341
IDEC PHARMACEUTICALS CORP     COM            449370105      4,387     123,738     X                                         123,738
IMS HEALTH INC                COM            449934108      2,036     113,400     X                                         113,400
ITT INDS INC IND              COM            450911102     11,068     156,777     X                                         156,777
IDEX CORP                     COM            45167R104      1,183      35,300     X                                          35,300
ILLINOIS TOOL WKS INC         COM            452308109      8,724     127,735     X                                         127,735
IMMUNEX CORP NEW              COM            452528102      5,127     229,496     X                                         229,496


                                       8


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
IMMUNOMEDICS INC              COM            452907108        113      21,700     X                                          21,700
INCO LTD                      COM            453258402      1,379      60,929     X                                          60,929
INDEPENDENCE CMNTY BK CORP    COM            453414104      2,841      97,059     X                                          97,059
INTEGRATED CIRCUIT SYS INC    COM            45811K208        211      10,456     X                                          10,456
INTEGRATED DEVICE TECHNOLOGY  COM            458118106      1,394      76,840     X                                          76,840
INTEL CORP                    COM            458140100     95,567   5,230,804     X                                       5,230,804
INTERACTIVE DATA CORP         COM            45840J107      1,631     112,006     X                                         112,006
INTERNATIONAL BUSINESS MACHS  COM            459200101     90,352   1,254,893     X                                       1,254,893
INTERNATIONAL FLAVORS&FRAGRA  COM            459506101      4,027     123,957     X                                         123,957
INTERNATIONAL GAME TECHNOLOG  COM            459902102      2,517      44,396     X                                          44,396
INTL PAPER CO                 COM            460146103     10,222     234,551     X                                         234,551
INTERNATIONAL RECTIFIER CORP  COM            460254105      2,294      78,701     X                                          78,701
INTERSIL CORP                 CL A           46069S109        419      19,575     X                                          19,575
INTERPUBLIC GROUP COS INC     COM            460690100      4,556     184,004     X                                         184,004
INTUIT                        COM            461202103      3,479      69,962     X                                          69,962
INVESTMENT TECHNOLOGY GRP NE  COM            46145F105      4,547     139,066     X                                         139,066
INVITROGEN CORP               COM            46185R100        223       6,961     X                                           6,961
INVESTORS FINL SERVICES CORP  COM            461915100        476      14,191     X                                          14,191
IRON MTN INC PA               COM            462846106        316      10,230     X                                          10,230
ITRON INC                     COM            465741106      1,217      46,400     X                                          46,400
I2 TECHNOLOGIES INC           COM            465754109         62      42,024     X                                          42,024
IVAX CORP                     COM            465823102        361      33,461     X                                          33,461
JDS UNIPHASE CORP             COM            46612J101      2,817   1,055,233     X                                       1,055,233
J P MORGAN CHASE & CO         COM            46625H100     31,265     921,731     X                                         921,731
JABIL CIRCUIT INC             COM            466313103      1,581      74,886     X                                          74,886
JACOBS ENGR GROUP INC DEL     COM            469814107      4,582     131,746     X                                         131,746
JEFFERSON PILOT CORP          COM            475070108      1,365      29,046     X                                          29,046
JOHN NUVEEN CO                CL A           478035108      6,599     256,761     X                                         256,761
JOHNSON & JOHNSON             COM            478160104    140,223   2,683,190     X                                       2,683,190
JOHNSON CTLS INC              COM            478366107     11,810     144,712     X                                         144,712
JONES APPAREL GROUP INC       COM            480074103      4,228     112,759     X                                         112,759
JUNIPER NETWORKS INC          COM            48203R104        401      70,934     X                                          70,934
KLA-TENCOR CORP               COM            482480100      9,617     218,624     X                                         218,624
K MART CORP                   COM            482584109        117     113,400     X                                         113,400
KPMG CONSULTING INC           COM            48265R109        468      31,461     X                                          31,461
KANSAS CITY SOUTHERN          COM NEW        485170302        867      51,000     X                                          51,000
KB HOME                       COM            48666K109      1,784      34,635     X                                          34,635
KELLOGG CO                    COM            487836108      3,206      89,400     X                                          89,400
KEMET CORP                    COM            488360108        720      40,339     X                                          40,339
KERR MCGEE CORP               COM            492386107      1,877      35,056     X                                          35,056
KEYCORP NEW                   COM            493267108      8,380     306,947     X                                         306,947
KEYSPAN CORP                  COM            49337W100      1,015      26,965     X                                          26,965
KIMBERLY CLARK CORP           COM            494368103     13,599     219,337     X                                         219,337
KINDER MORGAN INC KANS        COM            49455P101      2,027      53,326     X                                          53,326
KING PHARMACEUTICALS INC      COM            495582108      2,942     132,204     X                                         132,204
KNIGHT RIDDER INC             COM            499040103     11,551     183,494     X                                         183,494
KOHLS CORP                    COM            500255104     24,431     348,613     X                                         348,613
KRAFT FOODS INC               CL A           50075N104      6,440     157,263     X                                         157,263
KRISPY KREME DOUGHNUTS INC    COM            501014104        294       9,141     X                                           9,141
KROGER CO                     COM            501044101      7,869     395,424     X                                         395,424
LNR PPTY CORP                 COM            501940100      1,794      52,000     X                                          52,000
LSI LOGIC CORP                COM            502161102        884     101,000     X                                         101,000
L-3 COMMUNICATIONS HLDGS INC  COM            502424104      5,522     102,256     X                                         102,256
LABORATORY CORP AMER HLDGS    COM NEW        50540R409      3,994      87,482     X                                          87,482


                                       9


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
LAFARGE NORTH AMERICA INC     COM            505862102      2,128      60,527     X                                          60,527
LAM RESEARCH CORP             COM            512807108      2,124     118,133     X                                         118,133
LAMAR ADVERTISING CO          CL A           512815101        980      26,333     X                                          26,333
LANDAUER INC                  COM            51476K103      2,023      52,100     X                                          52,100
LAUDER ESTEE COS INC          CL A           518439104        655      18,598     X                                          18,598
LEAR CORP                     COM            521865105      5,387     116,482     X                                         116,482
LEGGETT & PLATT INC           COM            524660107      1,118      47,759     X                                          47,759
LEGG MASON INC                COM            524901105        484       9,805     X                                           9,805
LEHMAN BROS HLDGS INC         COM            524908100     18,020     288,222     X                                         288,222
LENNAR CORP                   COM            526057104        230       3,756     X                                           3,756
LEVEL 3 COMMUNICATIONS INC    COM            52729N100        210      71,019     X                                          71,019
LEXMARK INTL NEW              CL A           529771107      6,450     118,575     X                                         118,575
LIBERTY MEDIA CORP NEW        COM SER A      530718105      4,539     453,853     X                                         453,853
LIFEPOINT HOSPITALS INC       COM            53219L109        316       8,701     X                                           8,701
LILLY ELI & CO                COM            532457108     34,490     611,521     X                                         611,521
LIMITED BRANDS INC            COM            532716107      2,570     120,637     X                                         120,637
LINCARE HLDGS INC             COM            532791100        767      23,747     X                                          23,747
LINCOLN NATL CORP IND         COM            534187109      2,659      63,311     X                                          63,311
LINEAR TECHNOLOGY CORP        COM            535678106      5,770     183,578     X                                         183,578
LIZ CLAIBORNE INC             COM            539320101        655      20,587     X                                          20,587
LOCKHEED MARTIN CORP          COM            539830109     17,295     248,848     X                                         248,848
LOEWS CORP                    COM            540424108      6,945     131,058     X                                         131,058
LOUISIANA PAC CORP            COM            546347105        146      13,802     X                                          13,802
LOWES COS INC                 COM            548661107     28,355     624,556     X                                         624,556
LUCENT TECHNOLOGIES INC       COM            549463107      3,354   2,020,461     X                                       2,020,461
M & T BK CORP                 COM            55261F104      4,761      55,520     X                                          55,520
MBIA INC                      COM            55262C100      5,810     102,773     X                                         102,773
MBNA CORP                     COM            55262L100     15,534     469,742     X                                         469,742
M D C HLDGS INC               COM            552676108      1,425      27,400     X                                          27,400
MGIC INVT CORP WIS            COM            552848103      1,323      19,512     X                                          19,512
MANOR CARE INC NEW            COM            564055101      1,173      51,005     X                                          51,005
MANPOWER INC                  COM            56418H100      1,714      46,652     X                                          46,652
MARATHON OIL CORP             COM            565849106      4,439     163,680     X                                         163,680
MARSH & MCLENNAN COS INC      COM            571748102     15,862     164,207     X                                         164,207
MARSHALL & ILSLEY CORP        COM            571834100      1,881      60,827     X                                          60,827
MARRIOTT INTL INC NEW         CL A           571903202      3,023      79,455     X                                          79,455
MASCO CORP                    COM            574599106      6,037     222,682     X                                         222,682
MASSEY ENERGY CORP            COM            576206106        255      20,100     X                                          20,100
MATTEL INC                    COM            577081102     10,740     509,478     X                                         509,478
MAXIM INTEGRATED PRODS INC    COM            57772K101      9,695     252,930     X                                         252,930
MAY DEPT STORES CO            COM            577778103      2,153      65,382     X                                          65,382
MAYTAG CORP                   COM            578592107      1,167      27,368     X                                          27,368
MCCORMICK & CO INC            COM NON VTG    579780206      4,862     188,818     X                                         188,818
MCDONALDS CORP                COM            580135101     11,677     410,436     X                                         410,436
MCGRAW HILL COS INC           COM            580645109      5,832      97,694     X                                          97,694
MCKESSON CORP                 COM            58155Q103      5,753     175,939     X                                         175,939
MEADWESTVACO CORP             COM            583334107      5,469     162,966     X                                         162,966
MEDIA GEN INC                 CL A           584404107      4,276      71,273     X                                          71,273
MEDICIS PHARMACEUTICAL CORP   CL A NEW       584690309        242       5,668     X                                           5,668
MEDIMMUNE INC                 COM            584699102      4,500     170,442     X                                         170,442
MEDTRONIC INC                 COM            585055106     22,499     525,073     X                                         525,073
MELLON FINL CORP              COM            58551A108      6,896     219,405     X                                         219,405
MERCK & CO INC                COM            589331107     61,108   1,206,719     X                                       1,206,719
MERCURY INTERACTIVE CORP      COM            589405109      1,218      53,052     X                                          53,052


                                       10


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
MEREDITH CORP                 COM            589433101      2,327      60,670     X                                          60,670
MERRILL LYNCH & CO INC        COM            590188108     19,103     471,681     X                                         471,681
METLIFE INC                   COM            59156R108      7,956     276,240     X                                         276,240
METTLER TOLEDO INTERNATIONAL  COM            592688105        290       7,852     X                                           7,852
MICHAELS STORES INC           COM            594087108        571      14,635     X                                          14,635
MICREL INC                    COM            594793101        199      13,810     X                                          13,810
MICROSOFT CORP                COM            594918104    212,979   3,893,577     X                                       3,893,577
MICROCHIP TECHNOLOGY INC      COM            595017104      6,014     219,248     X                                         219,248
MICRON TECHNOLOGY INC         COM            595112103      3,368     166,579     X                                         166,579
MID ATLANTIC MED SVCS INC     COM            59523C107        326      10,410     X                                          10,410
MILLENNIUM PHARMACEUTICALS I  COM            599902103        520      42,784     X                                          42,784
MILLER HERMAN INC             COM            600544100        341      16,788     X                                          16,788
MILLIPORE CORP                COM            601073109        543      16,980     X                                          16,980
MIRANT CORP                   COM            604675108        641      87,865     X                                          87,865
MODINE MFG CO                 COM            607828100        929      37,800     X                                          37,800
MOHAWK INDS INC               COM            608190104      4,815      78,247     X                                          78,247
MOLEX INC                     COM            608554101      1,726      51,486     X                                          51,486
MOODYS CORP                   COM            615369105      5,197     104,469     X                                         104,469
MOOG INC                      CL A           615394202      1,123      26,200     X                                          26,200
MORGAN STANLEY DEAN WITTER&C  COM NEW        617446448     25,217     585,348     X                                         585,348
MOTOROLA INC                  COM            620076109     21,368   1,464,584     X                                       1,464,584
MURPHY OIL CORP               COM            626717102      7,041      85,350     X                                          85,350
MYLAN LABS INC                COM            628530107      3,338     106,464     X                                         106,464
NCR CORP NEW                  COM            62886E108      5,060     146,257     X                                         146,257
NVR INC                       COM            62944T105      1,161       3,595     X                                           3,595
NATIONAL CITY CORP            COM            635405103     16,260     489,024     X                                         489,024
NATIONAL COMMERCE FINL CORP   COM            63545P104        331      12,590     X                                          12,590
NATIONAL GRID GROUP PLC       SPONSORED ADR  636274102        356      10,115     X                                          10,115
NATIONAL INSTRS CORP          COM            636518102        209       6,429     X                                           6,429
NATIONAL-OILWELL INC          COM            637071101        276      13,120     X                                          13,120
NATIONAL SEMICONDUCTOR CORP   COM            637640103      3,081     105,611     X                                         105,611
NATIONWIDE FINL SVCS INC      CL A           638612101      1,045      26,459     X                                          26,459
NATIONWIDE HEALTH PPTYS INC   COM            638620104      1,373      73,200     X                                          73,200
NAVISTAR INTL CORP NEW        COM            63934E108      2,516      78,619     X                                          78,619
NETWORKS ASSOCS INC           COM            640938106      1,708      88,624     X                                          88,624
NETWORK APPLIANCE INC         COM            64120L104      1,860     149,539     X                                         149,539
NEUBERGER BERMAN INC          COM            641234109      1,894      51,738     X                                          51,738
NEW YORK CMNTY BANCORP INC    COM            649445103        331      12,221     X                                          12,221
NEW YORK TIMES CO             CL A           650111107      2,215      43,017     X                                          43,017
NEWELL RUBBERMAID INC         COM            651229106      1,883      53,700     X                                          53,700
NEWFIELD EXPL CO              COM            651290108        256       6,880     X                                           6,880
NEWMONT MINING CORP           COM            651639106      4,910     186,489     X                                         186,489
NEXTEL COMMUNICATIONS INC     CL A           65332V103        899     280,142     X                                         280,142
NICOR INC                     COM            654086107        394       8,620     X                                           8,620
NIKE INC                      CL B           654106103      2,599      48,440     X                                          48,440
99 CENTS ONLY STORES          COM            65440K106      1,335      52,055     X                                          52,055
NISOURCE INC                  COM            65473P105        873      39,984     X                                          39,984
NOKIA CORP                    SPONSORED ADR  654902204      5,012     346,100     X                                         346,100
NOBLE ENERGY INC              COM            655044105        312       8,646     X                                           8,646
NORDSTROM INC                 COM            655664100        533      23,535     X                                          23,535
NORFOLK SOUTHERN CORP         COM            655844108      3,568     152,608     X                                         152,608
NORTEL NETWORKS CORP NEW      COM            656568102      1,571   1,083,128     X                                       1,083,128
NORTH FORK BANCORPORATION NY  COM            659424105      5,139     129,098     X                                         129,098
NORTHERN TR CORP              COM            665859104      2,498      56,686     X                                          56,686


                                       11


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
NORTHROP GRUMMAN CORP         COM            666807102     14,590     116,723     X                                         116,723
NOVELL INC                    COM            670006105        154      47,853     X                                          47,853
NOVELLUS SYS INC              COM            670008101      1,681      49,437     X                                          49,437
NSTAR                         COM            67019E107      1,426      31,836     X                                          31,836
NUCOR CORP                    COM            670346105      3,723      57,240     X                                          57,240
NVIDIA CORP                   COM            67066G104      2,810     163,565     X                                         163,565
OCCIDENTAL PETE CORP DEL      COM            674599105     13,137     438,044     X                                         438,044
OCEAN ENERGY INC DEL          COM            67481E106      1,150      53,051     X                                          53,051
OCEANEERING INTL INC          COM            675232102        378      14,000     X                                          14,000
OFFICE DEPOT INC              COM            676220106      2,930     174,378     X                                         174,378
OLD REP INTL CORP             COM            680223104        230       7,286     X                                           7,286
OMNICARE INC                  COM            681904108        325      12,362     X                                          12,362
OMNICOM GROUP INC             COM            681919106      5,923     129,322     X                                         129,322
OMNOVA SOLUTIONS INC          COM            682129101        570      67,900     X                                          67,900
ORACLE CORP                   COM            68389X105     27,920   2,948,259     X                                       2,948,259
O REILLY AUTOMOTIVE INC       COM            686091109        219       7,935     X                                           7,935
ORTHODONTIC CTRS AMER INC     COM            68750P103        223       9,653     X                                           9,653
OUTBACK STEAKHOUSE INC        COM            689899102        303       8,626     X                                           8,626
OWENS ILL INC                 COM NEW        690768403        537      39,083     X                                          39,083
OXFORD HEALTH PLANS INC       COM            691471106      6,691     144,025     X                                         144,025
PG&E CORP                     COM            69331C108      4,689     262,128     X                                         262,128
PMC-SIERRA INC                COM            69344F106        544      58,697     X                                          58,697
PMI GROUP INC                 WHEN ISSUED    69344M101      6,521     170,699     X                                         170,699
PNC FINL SVCS GROUP INC       COM            693475105      8,296     158,691     X                                         158,691
PPG INDS INC                  COM            693506107      2,219      35,845     X                                          35,845
PPL CORP                      COM            69351T106      3,418     103,329     X                                         103,329
PACCAR INC                    COM            693718108      6,623     149,204     X                                         149,204
PACTIV CORP                   COM            695257105      2,868     120,499     X                                         120,499
PALL CORP                     COM            696429307        500      24,110     X                                          24,110
PALM INC                      COM            696642107        421     239,451     X                                         239,451
PARAMETRIC TECHNOLOGY CORP    COM            699173100        118      34,330     X                                          34,330
PARK PL ENTMT CORP            COM            700690100        170      16,573     X                                          16,573
PARKER HANNIFIN CORP          COM            701094104      1,084      22,680     X                                          22,680
PATINA OIL & GAS CORP         COM            703224105        802      29,250     X                                          29,250
PATTERSON DENTAL CO           COM            703412106        551      10,952     X                                          10,952
PATTERSON UTI ENERGY INC      COM            703481101        775      27,463     X                                          27,463
PAYCHEX INC                   COM            704326107      6,394     204,361     X                                         204,361
PENNEY J C INC                COM            708160106      1,349      61,247     X                                          61,247
PENTAIR INC                   COM            709631105        933      19,401     X                                          19,401
PEOPLES ENERGY CORP           COM            711030106        249       6,841     X                                           6,841
PEOPLESOFT INC                COM            712713106      1,983     133,256     X                                         133,256
PEPSI BOTTLING GROUP INC      COM            713409100      9,518     309,033     X                                         309,033
PEPSICO INC                   COM            713448108     67,570   1,401,863     X                                       1,401,863
PERFORMANCE FOOD GROUP CO     COM            713755106        706      20,857     X                                          20,857
PERKINELMER INC               COM            714046109        338      30,623     X                                          30,623
PEROT SYS CORP                CL A           714265105        160      14,672     X                                          14,672
PETSMART INC                  COM            716768106        470      29,446     X                                          29,446
PFIZER INC                    COM            717081103    153,595   4,388,428     X                                       4,388,428
PHARMACEUTICAL PROD DEV INC   COM            717124101        671      25,468     X                                          25,468
PHARMACIA CORP                COM            71713U102     39,991   1,067,847     X                                       1,067,847
PHELPS DODGE CORP             COM            717265102        668      16,209     X                                          16,209
PHILADELPHIA SUBN CORP        COM PAR $0.50  718009608        329      16,285     X                                          16,285
PHILIP MORRIS COS INC         COM            718154107     70,061   1,603,966     X                                       1,603,966
PHILLIPS PETE CO              COM            718507106     20,400     346,460     X                                         346,460


                                       12


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
PIER 1 IMPORTS INC            COM            720279108        225      10,702     X                                          10,702
PINNACLE WEST CAP CORP        COM            723484101     11,830     299,494     X                                         299,494
PIONEER NAT RES CO            COM            723787107        261      10,015     X                                          10,015
PITNEY BOWES INC              COM            724479100      2,769      69,717     X                                          69,717
PITTSTON CO                   COM BRINKS GRP 725701106        845      35,211     X                                          35,211
PIXAR                         COM            725811103      1,354      30,696     X                                          30,696
PLACER DOME INC               COM            725906101        489      43,590     X                                          43,590
PLANTRONICS INC NEW           COM            727493108      1,211      63,700     X                                          63,700
PLUM CREEK TIMBER CO INC      COM            729251108      2,149      70,004     X                                          70,004
POLARIS INDS INC              COM            731068102        333       5,130     X                                           5,130
POLYCOM INC                   COM            73172K104        294      24,497     X                                          24,497
POPULAR INC                   COM            733174106        685      20,334     X                                          20,334
POWER-ONE INC                 COM            739308104         65      10,419     X                                          10,419
PRAXAIR INC                   COM            74005P104      8,349     146,545     X                                         146,545
PRICE T ROWE GROUP INC        COM            74144T108      1,934      58,806     X                                          58,806
PRIDE INTL INC DEL            COM            74153Q102        244      15,605     X                                          15,605
PRINCIPAL FINANCIAL GROUP IN  COM            74251V102        582      18,765     X                                          18,765
PROCTER & GAMBLE CO           COM            742718109     96,318   1,078,594     X                                       1,078,594
PROGRESS ENERGY INC           COM            743263105      4,379      84,191     X                                          84,191
PROGRESSIVE CORP OHIO         COM            743315103     16,187     279,809     X                                         279,809
PROLOGIS TR                   SH BEN INT     743410102        255       9,796     X                                           9,796
PROVIDIAN FINL CORP           COM            74406A102      1,086     184,776     X                                         184,776
PRUDENTIAL FINL INC           COM            744320102        228       6,836     X                                           6,836
PUBLIC SVC ENTERPRISE GROUP   COM            744573106      3,072      70,953     X                                          70,953
PUBLIC STORAGE INC            COM            74460D109        700      18,858     X                                          18,858
PULITZER INC                  COM            745769109      1,536      29,600     X                                          29,600
PULTE HOMES INC               COM            745867101      1,773      30,845     X                                          30,845
QLOGIC CORP                   COM            747277101      3,830     100,522     X                                         100,522
QUALCOMM INC                  COM            747525103     16,856     613,162     X                                         613,162
QUANTUM CORP                  COM DSSG       747906204        380      90,500     X                                          90,500
QUEST DIAGNOSTICS INC         COM            74834L100      9,406     109,314     X                                         109,314
QUESTAR CORP                  COM            748356102        913      36,979     X                                          36,979
QUINTILES TRANSNATIONAL CORP  COM            748767100        406      32,532     X                                          32,532
QWEST COMMUNICATIONS INTL IN  COM            749121109      1,156     412,879     X                                         412,879
RSA SEC INC                   COM            749719100        108      22,450     X                                          22,450
RF MICRODEVICES INC           COM            749941100        242      31,715     X                                          31,715
RADIAN GROUP INC              COM            750236101      9,183     187,982     X                                         187,982
RADIO ONE INC                 CL D NON VTG   75040P405        159      10,690     X                                          10,690
RADIOSHACK CORP               COM            750438103      1,844      61,343     X                                          61,343
RATIONAL SOFTWARE CORP        COM NEW        75409P202        495      60,309     X                                          60,309
RAYTHEON CO                   COM NEW        755111507      7,652     187,771     X                                         187,771
READERS DIGEST ASSN INC       CL A NON VTG   755267101        197      10,524     X                                          10,524
REALNETWORKS INC              COM            75605L104         70      17,293     X                                          17,293
REEBOK INTL LTD               COM            758110100        319      10,800     X                                          10,800
REGIONS FINL CORP             COM            758940100      6,044     171,946     X                                         171,946
RELIANT ENERGY INC            COM            75952J108        955      56,518     X                                          56,518
RENAL CARE GROUP INC          COM            759930100        281       9,030     X                                           9,030
RENT A CTR INC NEW            COM            76009N100        339       5,848     X                                           5,848
RETEK INC                     COM            76128Q109        382      15,700     X                                          15,700
REYNOLDS & REYNOLDS CO        CL A           761695105      2,301      82,313     X                                          82,313
REYNOLDS R J TOB HLDGS INC    COM            76182K105      2,704      50,306     X                                          50,306
RITE AID CORP                 COM            767754104        118      50,197     X                                          50,197
ROBERT HALF INTL INC          COM            770323103      2,179      93,502     X                                          93,502
ROCKWELL AUTOMATION INC       COM            773903109      1,680      84,063     X                                          84,063


                                       13


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
ROCKWELL COLLINS INC          COM            774341101      2,059      75,083     X                                          75,083
ROHM & HAAS CO                COM            775371107      5,651     139,578     X                                         139,578
ROSS STORES INC               COM            778296103      8,585     210,666     X                                         210,666
ROUSE CO                      COM            779273101        214       6,488     X                                           6,488
ROWAN COS INC                 COM            779382100        575      26,790     X                                          26,790
ROYAL DUTCH PETE CO           NY REG GLD1.25 780257804     24,210     438,035     X                                         438,035
RUBY TUESDAY INC              COM            781182100        279      14,388     X                                          14,388
RYDER SYS INC                 COM            783549108      1,075      39,696     X                                          39,696
SBC COMMUNICATIONS INC        COM            78387G103     55,283   1,812,565     X                                       1,812,565
SEI INVESTMENTS CO            COM            784117103        470      16,688     X                                          16,688
SLM CORP                      COM            78442P106     16,746     172,821     X                                         172,821
SPS TECHNOLOGIES INC          COM            784626103        763      20,000     X                                          20,000
SPX CORP                      COM            784635104      2,789      23,740     X                                          23,740
SABRE HLDGS CORP              CL A           785905100      2,763      77,182     X                                          77,182
SAFECO CORP                   COM            786429100      2,770      89,681     X                                          89,681
SAFEWAY INC                   COM NEW        786514208     11,735     402,014     X                                         402,014
ST JOE CO                     COM            790148100      1,156      38,511     X                                          38,511
ST JUDE MED INC               COM            790849103     10,006     135,496     X                                         135,496
ST PAUL COS INC               COM            792860108      2,017      51,818     X                                          51,818
SANMINA SCI CORP              COM            800907107        921     145,965     X                                         145,965
SARA LEE CORP                 COM            803111103      5,198     251,839     X                                         251,839
SCANA CORP NEW                COM            80589M102      1,228      39,791     X                                          39,791
SCHEIN HENRY INC              COM            806407102        297       6,672     X                                           6,672
SCHERING PLOUGH CORP          COM            806605101     22,357     908,823     X                                         908,823
SCHLUMBERGER LTD              COM            806857108      9,629     207,070     X                                         207,070
SCHWAB CHARLES CORP NEW       COM            808513105      7,389     659,762     X                                         659,762
SCIENTIFIC ATLANTA INC        COM            808655104        948      57,605     X                                          57,605
SCRIPPS E W CO OHIO           CL A           811054204      4,719      61,289     X                                          61,289
SEALED AIR CORP NEW           COM            81211K100      1,141      28,334     X                                          28,334
SEARS ROEBUCK & CO            COM            812387108     18,103     333,385     X                                         333,385
SEMTECH CORP                  COM            816850101      2,299      86,115     X                                          86,115
SEMPRA ENERGY                 COM            816851109        850      38,429     X                                          38,429
SEQUA CORPORATION             CL A           817320104      1,340      20,500     X                                          20,500
SERVICEMASTER CO              COM            81760N109        253      18,418     X                                          18,418
SHERWIN WILLIAMS CO           COM            824348106      3,459     115,575     X                                         115,575
SICOR INC                     COM            825846108        289      15,605     X                                          15,605
SIEBEL SYS INC                COM            826170102      4,121     289,783     X                                         289,783
SIGMA ALDRICH CORP            COM            826552101      2,270      45,256     X                                          45,256
SIMON PPTY GROUP INC NEW      COM            828806109      1,144      31,055     X                                          31,055
SKYWEST INC                   COM            830879102        204       8,706     X                                           8,706
SMITH INTL INC                COM            832110100      1,390      20,387     X                                          20,387
SMITHFIELD FOODS INC          COM            832248108      2,884     155,454     X                                         155,454
SMUCKER J M CO                COM NEW        832696405        481      14,095     X                                          14,095
SMURFIT-STONE CONTAINER CORP  COM            832727101        162      10,525     X                                          10,525
SNAP ON INC                   COM            833034101        333      11,201     X                                          11,201
SOLECTRON CORP                COM            834182107      1,590     258,489     X                                         258,489
SOUTHERN CO                   COM            842587107      9,532     347,867     X                                         347,867
SOUTHTRUST CORP               COM            844730101     11,805     451,946     X                                         451,946
SOUTHWEST AIRLS CO            COM            844741108     13,671     845,967     X                                         845,967
SOUTHWEST GAS CORP            COM            844895102        829      33,500     X                                          33,500
SOVEREIGN BANCORP INC         COM            845905108      1,815     121,392     X                                         121,392
SOVRAN SELF STORAGE INC       COM            84610H108      1,664      48,700     X                                          48,700
SPRINT CORP                   COM FON GROUP  852061100      2,984     281,233     X                                         281,233
SPRINT CORP                   PCS COM SER 1  852061506      2,382     532,810     X                                         532,810


                                       14


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
STANLEY WKS                   COM            854616109      2,365      57,671     X                                          57,671
STAPLES INC                   COM            855030102      3,247     164,841     X                                         164,841
STARBUCKS CORP                COM            855244109      4,814     193,704     X                                         193,704
STARWOOD HOTELS&RESORTS WRLD  PAIRED CTF     85590A203      4,288     130,367     X                                         130,367
STATE STR CORP                COM            857477103      6,027     134,837     X                                         134,837
STERIS CORP                   COM            859152100        282      14,763     X                                          14,763
STILWELL FINL INC             COM            860831106        856      47,026     X                                          47,026
STORAGE TECHNOLOGY CORP       COM PAR $0.10  862111200      1,191      74,560     X                                          74,560
STRYKER CORP                  COM            863667101      2,980      55,697     X                                          55,697
STUDENT LN CORP               COM            863902102        724       8,744     X                                           8,744
SUN MICROSYSTEMS INC          COM            866810104      9,556   1,907,334     X                                       1,907,334
SUNGARD DATA SYS INC          COM            867363103      5,650     213,382     X                                         213,382
SUNOCO INC                    COM            86764P109      3,877     108,817     X                                         108,817
SUNTRUST BKS INC              COM            867914103     15,060     222,384     X                                         222,384
SUPERVALU INC                 COM            868536103      2,874     117,171     X                                         117,171
SWIFT TRANSN CO               COM            870756103        217       9,304     X                                           9,304
SYBASE INC                    COM            871130100        132      12,471     X                                          12,471
SYMANTEC CORP                 COM            871503108      2,408      73,308     X                                          73,308
SYMBOL TECHNOLOGIES INC       COM            871508107        531      62,487     X                                          62,487
SYNOPSYS INC                  COM            871607107      2,983      54,420     X                                          54,420
SYNOVUS FINL CORP             COM            87161C105      3,693     134,201     X                                         134,201
SYSCO CORP                    COM            871829107      7,411     272,247     X                                         272,247
TCF FINL CORP                 COM            872275102      2,552      51,982     X                                          51,982
TECO ENERGY INC               COM            872375100        710      28,706     X                                          28,706
TJX COS INC NEW               COM            872540109     14,930     761,325     X                                         761,325
TRW INC                       COM            872649108      2,716      47,671     X                                          47,671
TMP WORLDWIDE INC             COM            872941109        608      28,291     X                                          28,291
TXU CORP                      COM            873168108     12,990     251,979     X                                         251,979
TAIWAN SEMICONDUCTOR MFG LTD  SPONSORED ADR  874039100      3,518     270,600     X                                         270,600
TARGET CORP                   COM            87612E106     28,149     738,824     X                                         738,824
TECH DATA CORP                COM            878237106      2,179      57,576     X                                          57,576
TEKTRONIX INC                 COM            879131100        370      19,761     X                                          19,761
TELEFLEX INC                  COM            879369106        994      17,394     X                                          17,394
TELEPHONE & DATA SYS INC      COM            879433100      4,807      79,385     X                                          79,385
TELLABS INC                   COM            879664100        924     149,087     X                                         149,087
TEMPLE INLAND INC             COM            879868107        559       9,658     X                                           9,658
TENET HEALTHCARE CORP         COM            88033G100     28,774     402,159     X                                         402,159
TERADYNE INC                  COM            880770102      2,308      98,217     X                                          98,217
TEXAS INSTRS INC              COM            882508104     28,014   1,182,020     X                                       1,182,020
TEXTRON INC                   COM            883203101      2,523      53,798     X                                          53,798
THERMO ELECTRON CORP          COM            883556102        810      49,075     X                                          49,075
THOMAS & BETTS CORP           COM            884315102        744      39,983     X                                          39,983
THOMAS INDS INC               COM            884425109      1,431      49,700     X                                          49,700
3COM CORP                     COM            885535104        302      68,656     X                                          68,656
3M CO                         COM            88579Y101     36,904     300,036     X                                         300,036
TIDEWATER INC                 COM            886423102      1,257      38,183     X                                          38,183
TIFFANY & CO NEW              COM            886547108      2,018      57,319     X                                          57,319
TITAN CORP                    COM            888266103        273      14,911     X                                          14,911
TOOTSIE ROLL INDS INC         COM            890516107        226       5,863     X                                           5,863
TORCHMARK CORP                COM            891027104      7,924     207,439     X                                         207,439
TOYS R US INC                 COM            892335100        828      47,419     X                                          47,419
TRANSKARYOTIC THERAPIES INC   COM            893735100      1,020      28,300     X                                          28,300
TRAVELERS PPTY CAS CORP NEW   CL A           89420G109        291      16,415     X                                          16,415
TRIAD HOSPITALS INC           COM            89579K109        447      10,540     X                                          10,540


                                       15


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
TRIBUNE CO NEW                COM            896047107      3,723      85,594     X                                          85,594
TRIGON HEALTHCARE INC         COM            89618L100        679       6,749     X                                           6,749
TRUSTMARK CORP                COM            898402102        891      34,856     X                                          34,856
TYCO INTL LTD NEW             COM            902124106      9,400     695,814     X                                         695,814
TYSON FOODS INC               CL A           902494103        213      13,718     X                                          13,718
UST INC                       COM            902911106     10,584     311,285     X                                         311,285
US BANCORP DEL                COM NEW        902973304     12,523     536,309     X                                         536,309
USA INTERACTIVE               COM            902984103      1,532      65,325     X                                          65,325
UNILEVER N V                  N Y SHS NEW    904784709     12,015     185,413     X                                         185,413
UNION PAC CORP                COM            907818108      8,802     139,103     X                                         139,103
UNION PLANTERS CORP           COM            908068109      3,763     116,246     X                                         116,246
UNIONBANCAL CORP              COM            908906100     13,722     292,901     X                                         292,901
UNISYS CORP                   COM            909214108        639      70,960     X                                          70,960
UNITED PARCEL SERVICE INC     CL B           911312106      7,001     113,379     X                                         113,379
UNITED STATES CELLULAR CORP   COM            911684108        624      24,529     X                                          24,529
UNITED STATES STL CORP NEW    COM            912909108        388      19,496     X                                          19,496
UNITED TECHNOLOGIES CORP      COM            913017109     28,062     413,284     X                                         413,284
UNITEDHEALTH GROUP INC        COM            91324P102     19,518     213,195     X                                         213,195
UNITRIN INC                   COM            913275103      1,532      42,824     X                                          42,824
UNIVERSAL HLTH SVCS INC       CL B           913903100      3,321      67,782     X                                          67,782
UNIVISION COMMUNICATIONS INC  CL A           914906102      2,007      63,903     X                                          63,903
UNOCAL CORP                   COM            915289102      3,443      93,203     X                                          93,203
UNUMPROVIDENT CORP            COM            91529Y106      1,191      46,807     X                                          46,807
UTSTARCOM INC                 COM            918076100        279      13,821     X                                          13,821
V F CORP                      COM            918204108      1,962      50,037     X                                          50,037
VALASSIS COMMUNICATIONS INC   COM            918866104      1,554      42,589     X                                          42,589
VALERO ENERGY CORP NEW        COM            91913Y100      1,522      40,665     X                                          40,665
VALLEY NATL BANCORP           COM            919794107      1,169      42,042     X                                          42,042
VALSPAR CORP                  COM            920355104      3,225      71,435     X                                          71,435
VARCO INTL INC DEL            COM            922122106        496      28,300     X                                          28,300
VARIAN MED SYS INC            COM            92220P105      2,916      71,911     X                                          71,911
VECTREN CORP                  COM            92240G101      1,251      49,833     X                                          49,833
VERISIGN INC                  COM            92343E102        224      31,212     X                                          31,212
VERIZON COMMUNICATIONS        COM            92343V104     68,883   1,715,643     X                                       1,715,643
VERITAS SOFTWARE CO           COM            923436109      6,092     307,845     X                                         307,845
VERTEX PHARMACEUTICALS INC    COM            92532F100      1,172      71,991     X                                          71,991
VIAD CORP                     COM            92552R109        444      17,066     X                                          17,066
VIACOM INC                    CL A           925524100      5,242     117,900     X                                         117,900
VIACOM INC                    CL B           925524308     43,601     982,662     X                                         982,662
VISHAY INTERTECHNOLOGY INC    COM            928298108        340      15,463     X                                          15,463
VISTEON CORP                  COM            92839U107        359      25,297     X                                          25,297
VITESSE SEMICONDUCTOR CORP    COM            928497106         82      26,438     X                                          26,438
VIVENDI UNIVERSAL             SPON ADR NEW   92851S204        813      37,800     X                                          37,800
VODAFONE GROUP PLC NEW        SPONSORED ADR  92857W100        149      10,900     X                                          10,900
VORNADO RLTY TR               SH BEN INT     929042109        203       4,387     X                                           4,387
VULCAN MATLS CO               COM            929160109      2,538      57,935     X                                          57,935
WACHOVIA CORP 2ND NEW         COM            929903102     27,898     730,686     X                                         730,686
WADDELL & REED FINL INC       CL A           930059100        369      16,085     X                                          16,085
WAL MART STORES INC           COM            931142103    155,842   2,832,984     X                                       2,832,984
WALGREEN CO                   COM            931422109     26,932     697,174     X                                         697,174
WASHINGTON MUT INC            COM            939322103     25,980     700,072     X                                         700,072
WASTE MGMT INC DEL            COM            94106L109      7,468     286,666     X                                         286,666
WATERS CORP                   COM            941848103      2,106      78,891     X                                          78,891
WATSON PHARMACEUTICALS INC    COM            942683103        662      26,213     X                                          26,213


                                       16


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  JUNE 30, 2002


------------------------------------------------------------------------------------------------------------------------------------
         ITEM 1:                  ITEM 2:     ITEM 3:     ITEM 4:   ITEM 5:         ITEM 6:       ITEM 7:         ITEM 8:
                                                                               INV. DISCRETION             VOTING AUTHORITY SHARES
                                                                               (A)   (B)     (C)             (A)   (B)       (C)
                                                       PENSION FAIR  SHARES OR      SHARED        MANAGERS
                                              CUSIP    MARKET VALUE  PRINCIPAL     AS DEF.  SHARED  SEE
NAME OF ISSUER                TITLE OF CLASS  NUMBER     ($000)      AMOUNT    SOLE INSTR. V OTHER  INSTR.V   SOLE SHARED      NONE
----------------------------  -------------- --------- ------------ ---------  ---- ------- ----- ---------  ---- -----  -----------
                                                                                        
WATTS INDS INC                CL A           942749102        560      28,200     X                                          28,200
WEBMD CORP                    COM            94769M105        239      42,473     X                                          42,473
WEIGHT WATCHERS INTL INC NEW  COM            948626106      1,565      36,038     X                                          36,038
WELLPOINT HEALTH NETWORK NEW  COM            94973H108     11,924     153,249     X                                         153,249
WELLS FARGO & CO NEW          COM            949746101     32,616     651,531     X                                         651,531
WENDYS INTL INC               COM            950590109      1,269      31,860     X                                          31,860
WESTWOOD ONE INC              COM            961815107      3,989     119,373     X                                         119,373
WEYERHAEUSER CO               COM            962166104      7,804     122,217     X                                         122,217
WHIRLPOOL CORP                COM            963320106      4,686      71,699     X                                          71,699
WHOLE FOODS MKT INC           COM            966837106      5,549     115,085     X                                         115,085
WILEY JOHN & SONS INC         CL A           968223206        247      10,296     X                                          10,296
WILLIAMS COS INC DEL          COM            969457100        674     112,574     X                                         112,574
WILLIAMS SONOMA INC           COM            969904101        605      19,719     X                                          19,719
WINN DIXIE STORES INC         COM            974280109        351      22,519     X                                          22,519
WISCONSIN ENERGY CORP         COM            976657106      8,230     325,685     X                                         325,685
WORLDCOM INC GA NEW           WRLDCOM GP COM 98157D106         72     803,000     X                                         803,000
WORLDCOM INC GA NEW           MCI GROUP COM  98157D304          2      20,370     X                                          20,370
WORTHINGTON INDS INC          COM            981811102        537      29,643     X                                          29,643
WRIGLEY WM JR CO              COM            982526105      3,607      65,175     X                                          65,175
WYETH                         COM            983024100     44,776     874,541     X                                         874,541
XTO ENERGY CORP               COM            98385X106        442      21,452     X                                          21,452
XCEL ENERGY INC               COM            98389B100      2,957     176,335     X                                         176,335
XILINX INC                    COM            983919101      4,468     199,178     X                                         199,178
XEROX CORP                    COM            984121103      2,248     322,569     X                                         322,569
YAHOO INC                     COM            984332106      3,745     253,733     X                                         253,733
YUM BRANDS INC                WHEN ISSUED    988498101      5,191     177,482     X                                         177,482
ZEBRA TECHNOLOGIES CORP       CL A           989207105      3,370      69,898     X                                          69,898
ZIMMER HLDGS INC              COM            98956P102      2,710      75,990     X                                          75,990
ZIONS BANCORPORATION          COM            989701107        923      17,723     X                                          17,723

GRAND TOTAL                                             6,273,469
                                                        =========


                                     17