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

                                   FORM 13F

                              FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended: September 30, 2003
                                               -----------------------

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/ Marie Logiudice              Stamford, Connecticut     10/31/03
   -------------------------        ---------------------   -------------
           [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:     933
                                        --------------------

Form 13F Information Table Value Total:   $5,795,569
                                        --------------------
                                            (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



                      FORM 13F INFORMATION TABLE


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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  1,000      30,215   X                                               30,215
COOPER INDS LTD              CL A            G24182100  3,758      78,240   X                                               78,240
EVEREST RE GROUP LTD         COM             G3223R108    699       9,300   X                                                9,300
GLOBALSANTAFE CORP           SHS             G3930E101    331      13,800   X                                               13,800
INGERSOLL-RAND COMPANY LTD   CL A            G4776G101  5,564     104,116   X                                              104,116
IPC HLDGS LTD                ORD             G4933P101  1,437      41,000   X                                               41,000
NABORS INDUSTRIES LTD        SHS             G6359F103    755      20,254   X                                               20,254
NOBLE CORPORATION            SHS             G65422100    494      14,543   X                                               14,543
SCOTTISH RE GROUP LTD        ORD             G7885T104    572      23,700   X                                               23,700
TRANSOCEAN INC               ORD             G90078109  1,356      67,787   X                                               67,787
WEATHERFORD INTERNATIONAL LT COM             G95089101    684      18,108   X                                               18,108
XL CAP LTD                   CL A            G98255105  1,205      15,560   X                                               15,560
ALCON INC                    COM SHS         H01301102    562      10,000   X                                               10,000
A D C TELECOMMUNICATIONS     COM             000886101    455     194,937   X                                              194,937
AFLAC INC                    COM             001055102  6,266     193,981   X                                              193,981
AES CORP                     COM             00130H105  1,436     193,582   X                                              193,582
AOL TIME WARNER INC          COM             00184A105 36,757   2,432,659   X                                            2,432,659
AT&T CORP                    COM NEW         001957505  8,731     405,134   X                                              405,134
AT&T WIRELESS SVCS INC       COM             00209A106  9,172   1,121,301   X                                            1,121,301
ABBOTT LABS                  COM             002824100 38,687     909,205   X                                              909,205
ABERCROMBIE & FITCH CO       CL A            002896207    578      20,847   X                                               20,847
ACTIVISION INC NEW           COM NEW         004930202    545      45,500   X                                               45,500
ACXIOM CORP                  COM             005125109    225      14,277   X                                               14,277
ADOBE SYS INC                COM             00724F101  4,564     115,876   X                                              115,876
ADTRAN INC                   COM             00738A106    274       4,472   X                                                4,472
ADVANCED AUTO PARTS INC      COM             00751Y106  1,687      23,800   X                                               23,800
ADVANCED FIBRE COMMUNICATION COM             00754A105    225      10,762   X                                               10,762
ADVANCEPCS                   COM             00790K109  3,058      67,098   X                                               67,098
ADVANCED MICRO DEVICES INC   COM             007903107  2,305     207,457   X                                              207,457
AETNA INC NEW                COM             00817Y108  6,222     101,947   X                                              101,947
AFFILIATED COMPUTER SERVICES CL A            008190100  3,817      78,394   X                                               78,394
AFFYMETRIX INC               COM             00826T108    281      13,364   X                                               13,364
AGERE SYS INC                CL B            00845V209  1,076     372,268   X                                              372,268
AGILENT TECHNOLOGIES INC     COM             00846U101  2,600     117,588   X                                              117,588
AIR PRODS & CHEMS INC        COM             009158106  5,085     112,746   X                                              112,746
ALBEMARLE CORP               COM             012653101    233       8,500   X                                                8,500
ALBERTO CULVER CO            CL B CONV       013068101  4,963      84,377   X                                               84,377
ALBERTSONS INC               COM             013104104  2,373     115,341   X                                              115,341
ALCOA INC                    COM             013817101 12,885     492,543   X                                              492,543
ALLEGHENY ENERGY INC         COM             017361106    133      14,536   X                                               14,536
ALLERGAN INC                 COM             018490102  8,414     106,871   X                                              106,871


                                              1


                          VERIZON INVESTMENT MANAGEMENT CORP.
                        FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                  SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
ALLETE INC                   COM             018522102   1,432      52,300   X                                               52,300
ALLIANCE DATA SYSTEMS CORP   COM             018581108     450      17,035   X                                               17,035
ALLIANT TECHSYSTEMS INC      COM             018804104     573      11,928   X                                               11,928
ALLIED WASTE INDS INC        COM PAR$.01NEW  019589308     656      60,753   X                                               60,753
ALLSTATE CORP                COM             020002101  16,844     461,096   X                                              461,096
ALLTEL CORP                  COM             020039103  11,588     250,070   X                                              250,070
ALTERA CORP                  COM             021441100   5,047     266,596   X                                              266,596
ALTRIA GROUP INC             COM             02209S103  50,844   1,160,827   X                                            1,160,827
AMAZON COM INC               COM             023135106   7,777     160,590   X                                              160,590
AMBAC FINL GROUP INC         COM             023139108   5,464      85,375   X                                               85,375
AMERADA HESS CORP            COM             023551104   1,960      39,131   X                                               39,131
AMEREN CORP                  COM             023608102   1,767      41,181   X                                               41,181
AMERICAN EAGLE OUTFITTERS NE COM             02553E106     334      22,400   X                                               22,400
AMERICAN ELEC PWR INC        COM             025537101    5,487    182,890   X                                              182,890
AMERICAN EXPRESS CO          COM             025816109   29,907    663,721   X                                              663,721
AMERICAN INTL GROUP INC      COM             026874107   78,936  1,368,050   X                                            1,368,050
AMERICAN PHARMACEUTICALS PTN COM             02886P109    2,792     89,015   X                                               89,015
AMERICAN PHYSICIANS CAPITAL  COM             028884104    1,275     46,090   X                                               46,090
AMERICAN PWR CONVERSION CORP COM             029066107    2,315    133,841   X                                              133,841
AMERICAN STD COS INC DEL     COM             029712106    3,198     37,961   X                                               37,961
AMERICAN TOWER CORP          CL A            029912201      519     51,102   X                                               51,102
AMERICREDIT CORP             COM             03060R101      169     16,394   X                                               16,394
AMERISOURCEBERGEN CORP       COM             03073E105    2,673     49,462   X                                               49,462
AMERITRADE HLDG CORP NEW     COM             03074K100    1,485    129,787   X                                              129,787
AMETEK INC NEW               COM             031100100    1,646     38,404   X                                               38,404
AMGEN INC                    COM             031162100   57,063    884,428   X                                              884,428
AMKOR TECHNOLOGY INC         COM             031652100      296     20,810   X                                               20,810
AMPHENOL CORP NEW            CL A            032095101      687     13,203   X                                               13,203
AMSOUTH BANCORPORATION       COM             032165102    1,432     67,485   X                                               67,485
AMYLIN PHARMACEUTICALS INC   COM             032346108      596     21,088   X                                               21,088
ANADARKO PETE CORP           COM             032511107    5,475    131,102   X                                              131,102
ANALOG DEVICES INC           COM             032654105   10,325    271,570   X                                              271,570
ANDREW CORP                  COM             034425108      852     70,489   X                                               70,489
ANDRX CORP DEL               ANDRX GROUP     034553107      399     21,388   X                                               21,388
ANHEUSER BUSCH COS INC       COM             035229103   24,984    506,366   X                                              506,366
ANSYS INC                    COM             03662Q105    1,400     39,400   X                                               39,400
ANTHEM INC                   COM             03674B104    8,153    114,304   X                                              114,304
AON CORP                     COM             037389103    1,024     49,124   X                                               49,124
APACHE CORP                  COM             037411105    6,354     91,637   X                                               91,637


                                            2


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
APARTMENT INVT & MGMT CO     CL A            03748R101      624     15,850   X                                               15,850
APOLLO GROUP INC             CL A            037604105   11,794    178,610   X                                              178,610
APOLLO GROUP INC             COM UNV PHOENX  037604204    5,053     75,784   X                                               75,784
APPLE COMPUTER INC           COM             037833100    3,670    177,102   X                                              177,102
APPLEBEES INTL INC           COM             037899101    3,507    111,409   X                                              111,409
APRIA HEALTHCARE GROUP INC   COM             037933108      343     12,512   X                                               12,512
APPLERA CORP                 COM AP BIO GRP  038020103    1,448     64,888   X                                               64,888
APPLIED MICRO CIRCUITS CORP  COM             03822W109      359     73,907   X                                               73,907
APPLIED MATLS INC            COM             038222105   21,801  1,202,491   X                                            1,202,491
APTARGROUP INC               COM             038336103    1,232     33,568   X                                               33,568
ARAMARK CORP                 CL B            038521100      514     20,532   X                                               20,532
ARCHER DANIELS MIDLAND CO    COM             039483102    1,321    100,780   X                                              100,780
ARCHSTONE SMITH TR           COM             039583109      284     10,783   X                                               10,783
ARROW ELECTRS INC            COM             042735100      718     39,057   X                                               39,057
ASHLAND INC                  COM             044204105      394     12,003   X                                               12,003
ASSOCIATED BANC CORP         COM             045487105      336      8,871   X                                                8,871
ATMEL CORP                   COM             049513104      221     55,043   X                                               55,043
AUTODESK INC                 COM             052769106      408     23,969   X                                               23,969
AUTOLIV INC                  COM             052800109    1,898     62,904   X                                               62,904
AUTOMATIC DATA PROCESSING IN COM             053015103   10,305    287,441   X                                              287,441
AUTONATION INC               COM             05329W102    2,114    120,545   X                                              120,545
AUTOZONE INC                 COM             053332102    4,023     44,931   X                                               44,931
AVAYA INC                    COM             053499109    2,355    216,084   X                                              216,084
AVERY DENNISON CORP          COM             053611109    2,974     58,860   X                                               58,860
AVID TECHNOLOGY INC          COM             05367P100    1,733     32,700   X                                               32,700
AVNET INC                    COM             053807103      632     38,268   X                                               38,268
AVOCENT CORP                 COM             053893103      251      8,287   X                                                8,287
AVON PRODS INC               COM             054303102   11,969    185,389   X                                              185,389
AZTAR CORP                   COM             054802103      381     21,500   X                                               21,500
BB&T CORP                    COM             054937107    3,628    101,035   X                                              101,035
BISYS GROUP INC              COM             055472104      334     25,392   X                                               25,392
BJ SVCS CO                   COM             055482103    3,434    100,493   X                                              100,493
BOK FINL CORP                COM NEW         05561Q201    1,452     38,255   X                                               38,255
BP PLC                       SPONSORED ADR   055622104    1,141     27,100   X                                               27,100
BMC SOFTWARE INC             COM             055921100    2,223    159,574   X                                              159,574
BAKER HUGHES INC             COM             057224107    6,886    232,699   X                                              232,699
BALL CORP                    COM             058498106    3,075     56,944   X                                               56,944
BANK OF AMERICA CORPORATION  COM             060505104   81,494  1,044,263   X                                            1,044,263
BANK HAWAII CORP             COM             062540109    3,149     93,776   X                                               93,776
BANK NEW YORK INC            COM             064057102    4,229    145,291   X                                              145,291
BANK ONE CORP                COM             06423A103   14,292    369,772   X                                              369,772
BANKNORTH GROUP INC NEW      COM             06646R107      969     34,321   X                                               34,321
BARD C R INC                 COM             067383109    2,979     41,953   X                                               41,953
BARNES & NOBLE INC           COM             067774109      784     30,861   X                                               30,861
BARNES GROUP INC             COM             067806109      561     21,600   X                                               21,600
BARR LABS INC                COM             068306109    2,328     34,136   X                                               34,136
BAUSCH & LOMB INC            COM             071707103    1,424     32,255   X                                               32,255
BAXTER INTL INC              COM             071813109    7,304    251,352   X                                              251,352
BEA SYS INC                  COM             073325102    2,433    202,049   X                                              202,049
BEAR STEARNS COS INC         COM             073902108   11,838    158,263   X                                              158,263


                                            3


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
BEARINGPOINT INC             COM             074002106      125     15,647   X                                               15,647
BECKMAN COULTER INC          COM             075811109    2,940     64,561   X                                               64,561
BECTON DICKINSON & CO        COM             075887109    4,207    116,469   X                                              116,469
BED BATH & BEYOND INC        COM             075896100    6,229    162,770   X                                              162,770
BELLSOUTH CORP               COM             079860102   19,944    842,238   X                                              842,238
BELO CORP                    COM SER A       080555105      310     12,799   X                                               12,799
BEMIS INC                    COM             081437105      582     13,134   X                                               13,134
BERKLEY W R CORP             COM             084423102    4,173    121,807   X                                              121,807
BERKSHIRE HATHAWAY INC DEL   CL A            084670108    8,100        108   X                                                  108
BEST BUY INC                 COM             086516101    9,195    193,508   X                                              193,508
BIG LOTS INC                 COM             089302103      454     28,713   X                                               28,713
BIOGEN INC                   COM             090597105    2,019     52,969   X                                               52,969
BIOMET INC                   COM             090613100    2,898     86,502   X                                               86,502
BLACK & DECKER CORP          COM             091797100    1,125     27,752   X                                               27,752
BLACKROCK INC                CL A            09247X101      654     13,344   X                                               13,344
BLOCK H & R INC              COM             093671105    2,859     66,267   X                                               66,267
BOEING CO                    COM             097023105   10,634    309,745   X                                              309,745
BOISE CASCADE CORP           COM             097383103      241      8,733   X                                                8,733
BORG WARNER INC              COM             099724106    3,572     52,645   X                                               52,645
BOSTON SCIENTIFIC CORP       COM             101137107   21,781    341,394   X                                              341,394
BOWATER INC                  COM             102183100      640     15,207   X                                               15,207
BRINKER INTL INC             COM             109641100    1,404     42,072   X                                               42,072
BRISTOL MYERS SQUIBB CO      COM             110122108   29,403  1,145,872   X                                            1,145,872
BROADCOM CORP                CL A            111320107    2,103     78,901   X                                               78,901
BROCADE COMMUNICATIONS SYS I COM             111621108      214     41,066   X                                               41,066
BROWN & BROWN INC            COM             115236101      772     25,097   X                                               25,097
BROWN FORMAN CORP            CL B            115637209    1,999     25,266   X                                               25,266
BRUNSWICK CORP               COM             117043109      383     14,904   X                                               14,904
BURLINGTON NORTHN SANTA FE C COM             12189T104    6,531    226,225   X                                              226,225
BURLINGTON RES INC           COM             122014103    3,316     68,804   X                                               68,804
CBRL GROUP INC               COM             12489V106      270      7,606   X                                                7,606
C D W CORP                   COM             12512N105    2,521     43,760   X                                               43,760
C H ROBINSON WORLDWIDE INC   COM             12541W100      844     22,657   X                                               22,657
CIGNA CORP                   COM             125509109    1,151     25,778   X                                               25,778
CIT GROUP INC                COM             125581108    4,470    155,424   X                                              155,424
CMS ENERGY CORP              COM             125896100      135     18,270   X                                               18,270
CSX CORP                     COM             126408103    2,359     80,654   X                                               80,654
CVS CORP                     COM             126650100    5,398    173,781   X                                              173,781
CABLEVISION SYS CORP         CL A NY CABLVS  12686C109    1,115     61,616   X                                               61,616
CADENCE DESIGN SYSTEM INC    COM             127387108      365     27,255   X                                               27,255
CALPINE CORP                 COM             131347106      658    134,630   X                                              134,630
CAMPBELL SOUP CO             COM             134429109    1,984     74,877   X                                               74,877
CAPITAL ONE FINL CORP        COM             14040H105    9,292    162,900   X                                              162,900
CAPITOL FED FINL             COM             14057C106      225      7,678   X                                                7,678
CARDINAL HEALTH INC          COM             14149Y108   16,551    283,448   X                                              283,448
CAREER EDUCATION CORP        COM             141665109    5,400    119,178   X                                              119,178


                                            4


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
CAREMARK RX INC              COM             141705103    1,904     84,239   X                                               84,239
CARLISLE COS INC             COM             142339100      806     18,471   X                                               18,471
CARMAX INC                   COM             143130102    1,541     47,171   X                                               47,171
CARNIVAL CORP                PAIRED CTF      143658300    2,371     72,093   X                                               72,093
CATELLUS DEV CORP            COM             149111106    1,163     47,566   X                                               47,566
CATERPILLAR INC DEL          COM             149123101   15,382    223,452   X                                              223,452
CELGENE CORP                 COM             151020104    2,159     49,860   X                                               49,860
CENDANT CORP                 COM             151313103   15,025    803,911   X                                              803,911
CENTERPOINT ENERGY INC       COM             15189T107      452     49,303   X                                               49,303
CENTEX CORP                  COM             152312104    2,599     33,374   X                                               33,374
CENTURYTEL INC               COM             156700106    4,032    118,986   X                                              118,986
CEPHALON INC                 COM             156708109      527     11,480   X                                               11,480
CERIDIAN CORP NEW            COM             156779100      368     19,745   X                                               19,745
CERTEGY INC                  COM             156880106      396     12,321   X                                               12,321
CHARLES RIV LABS INTL INC    COM             159864107      316     10,299   X                                               10,299
CHARTER ONE FINL INC         COM             160903100    1,159     37,882   X                                               37,882
CHECKFREE CORP NEW           COM             162813109      558     27,746   X                                               27,746
CHEESECAKE FACTORY INC       COM             163072101      392     10,786   X                                               10,786
CHESAPEAKE ENERGY CORP       COM             165167107      991     91,895   X                                               91,895
CHEVRONTEXACO CORP           COM             166764100   38,116    533,462   X                                              533,462
CHICAGO MERCANTILE HLDGS INC CL A            167760107    2,104     30,582   X                                               30,582
CHICOS FAS INC               COM             168615102    2,025     66,091   X                                               66,091
CHIRON CORP                  COM             170040109    3,885     74,972   X                                               74,972
CHOICEPOINT INC              COM             170388102    1,371     40,933   X                                               40,933
CHUBB CORP                   COM             171232101    7,659    118,047   X                                              118,047
CHURCH & DWIGHT INC          COM             171340102      461     13,163   X                                               13,163
CIENA CORP                   COM             171779101      724    123,515   X                                              123,515
CINCINNATI FINL CORP         COM             172062101    1,199     29,966   X                                               29,966
CINERGY CORP                 COM             172474108    2,686     73,185   X                                               73,185
CIRCUIT CITY STORE INC       COM             172737108      321     33,719   X                                               33,719
CISCO SYS INC                COM             17275R102   98,069  5,006,091   X                                            5,006,091
CINTAS CORP                  COM             172908105    2,749     74,271   X                                               74,271
CITIGROUP INC                COM             172967101  141,787  3,115,504   X                                            3,115,504
CITIZENS COMMUNICATIONS CO   COM             17453B101      534     47,660   X                                               47,660
CITRIX SYS INC               COM             177376100    2,752    124,342   X                                              124,342
CLAIRES STORES INC           COM             179584107    1,193     35,643   X                                               35,643
CLARCOR INC                  COM             179895107    1,583     40,600   X                                               40,600
CLEAR CHANNEL COMMUNICATIONS COM             184502102   12,747    332,832   X                                              332,832
CLOROX CO DEL                COM             189054109    4,083     89,022   X                                               89,022
COACH INC                    COM             189754104    9,181    168,145   X                                              168,145
COCA COLA CO                 COM             191216100   65,036  1,513,876   X                                            1,513,876
COCA COLA ENTERPRISES INC    COM             191219104    2,492    130,741   X                                              130,741
COGNIZANT TECHNOLOGY SOLUTIO CL A            192446102    2,180     59,792   X                                               59,792
COLGATE PALMOLIVE CO         COM             194162103   16,076    287,643   X                                              287,643
COLUMBIA SPORTSWEAR CO       COM             198516106      512      9,701   X                                                9,701


                                            5


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
COMCAST CORP NEW             CL A            20030N101   26,271    852,402   X                                              852,402
COMCAST CORP NEW             CL A SPL        20030N200    6,879    232,100   X                                              232,100
COMERICA INC                 COM             200340107    2,537     54,433   X                                               54,433
COMMERCE BANCORP INC NJ      COM             200519106    1,565     32,668   X                                               32,668
COMMUNITY HEALTH SYS INC NEW COM             203668108      520     23,980   X                                               23,980
COMPASS BANCSHARES INC       COM             20449H109      549     15,810   X                                               15,810
COMPUTER ASSOC INTL INC      COM             204912109    8,920    341,637   X                                              341,637
COMPUTER SCIENCES CORP       COM             205363104    9,301    247,577   X                                              247,577
COMPUWARE CORP               COM             205638109      362     67,576   X                                               67,576
COMVERSE TECHNOLOGY INC      COM PAR $0.10   205862402      973     64,996   X                                               64,996
CONAGRA FOODS INC            COM             205887102    4,467    210,322   X                                              210,322
CONCORD EFS INC              COM             206197105    2,887    211,165   X                                              211,165
CONNECTICUT BANCSHARES INC   COM             207540105      292      5,700   X                                                5,700
CONOCOPHILLIPS               COM             20825C104   32,582    595,108   X                                              595,108
CONSOLIDATED EDISON INC      COM             209115104    3,392     83,207   X                                               83,207
CONSTELLATION BRANDS INC     CL A            21036P108    1,122     36,792   X                                               36,792
CONSTELLATION ENERGY GROUP I COM             210371100    3,086     86,249   X                                               86,249
CONVERGYS CORP               COM             212485106      593     32,332   X                                               32,332
COOPER CAMERON CORP          COM             216640102    1,593     34,472   X                                               34,472
COORS ADOLPH CO              CL B            217016104      634     11,801   X                                               11,801
CORINTHIAN COLLEGES INC      COM             218868107      780     13,656   X                                               13,656
CORNING INC                  COM             219350105    8,027    852,115   X                                              852,115
CORPORATE EXECUTIVE BRD CO   COM             21988R102      404      8,587   X                                                8,587
COSTCO WHSL CORP NEW         COM             22160K105    4,235    135,955   X                                              135,955
COUNTRYWIDE FINANCIAL CORP   COM             222372104   11,271    143,986   X                                              143,986
COVENTRY HEALTH CARE INC     COM             222862104    3,779     71,646   X                                               71,646
COX COMMUNICATIONS INC NEW   CL A            224044107    1,066     33,721   X                                               33,721
COX RADIO INC                CL A            224051102      382     17,447   X                                               17,447
CRANE CO                     COM             224399105      549     23,442   X                                               23,442
CREE INC                     COM             225447101      309     16,660   X                                               16,660
CROWN CASTLE INTL CORP       COM             228227104      129     13,748   X                                               13,748
CUMMINS INC                  COM             231021106    1,649     37,121   X                                               37,121
CYPRESS SEMICONDUCTOR CORP   COM             232806109      350     19,784   X                                               19,784
CYTEC INDS INC               COM             232820100    1,323     36,251   X                                               36,251
CYTYC CORP                   COM             232946103      633     42,200   X                                               42,200
DPL INC                      COM             233293109    1,313     76,585   X                                               76,585
D R HORTON INC               COM             23331A109      273      8,354   X                                                8,354
DST SYS INC DEL              COM             233326107      800     21,265   X                                               21,265
DTE ENERGY CO                COM             233331107    6,113    165,714   X                                              165,714
DANA CORP                    COM             235811106      385     24,979   X                                               24,979
DANAHER CORP DEL             COM             235851102    6,045     81,849   X                                               81,849


                                            6


                          VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        >
DARDEN RESTAURANTS INC       COM             237194105      969     50,997   X                                               50,997
DAVITA INC                   COM             23918K108    1,963     61,672   X                                               61,672
DEAN FOODS CO NEW            COM             242370104    3,934    126,791   X                                              126,791
DEERE & CO                   COM             244199105    5,453    102,296   X                                              102,296
DEL MONTE FOODS CO           COM             24522P103      221     25,386   X                                               25,386
DELL INC                     COM             24702R101   70,127  2,098,346   X                                            2,098,346
DELPHI CORP                  COM             247126105      849     93,863   X                                               93,863
DELTA AIR LINES INC DEL      COM             247361108      264     19,863   X                                               19,863
DELUXE CORP                  COM             248019101    2,643     65,836   X                                               65,836
DENTSPLY INTL INC NEW        COM             249030107    5,102    113,778   X                                              113,778
DEVELOPERS DIVERSIFIED RLTY  COM             251591103    1,400     46,870   X                                               46,870
DEVON ENERGY CORP NEW        COM             25179M103    5,643    117,100   X                                              117,100
DEVRY INC DEL                COM             251893103      309     13,071   X                                               13,071
DIAGNOSTIC PRODS CORP        COM             252450101      607     16,700   X                                               16,700
DIAL CORP NEW                COM             25247D101    1,910     88,663   X                                               88,663
DIEBOLD INC                  COM             253651103    2,632     51,972   X                                               51,972
DISNEY WALT CO               COM DISNEY      254687106   26,965  1,336,887   X                                            1,336,887
DOLLAR GEN CORP              COM             256669102    4,576    228,807   X                                              228,807
DOLLAR TREE STORES INC       COM             256747106    1,999     59,586   X                                               59,586
DOMINION RES INC VA NEW      COM             25746U109    6,694    108,142   X                                              108,142
DONALDSON INC                COM             257651109    2,984     55,359   X                                               55,359
DONNELLEY R R & SONS CO      COM             257867101      968     38,921   X                                               38,921
DORAL FINL CORP              COM             25811P100    4,777    101,641   X                                              101,641
DOUBLECLICK INC              COM             258609304      784     72,763   X                                               72,763
DOVER CORP                   COM             260003108    3,087     87,286   X                                               87,286
DOW CHEM CO                  COM             260543103   22,428    689,257   X                                              689,257
DOW JONES & CO INC           COM             260561105      866     18,292   X                                               18,292
DU PONT E I DE NEMOURS & CO  COM             263534109   19,453    486,215   X                                              486,215
DUKE ENERGY CORP             COM             264399106    7,068    396,840   X                                              396,840
DUKE REALTY CORP             COM NEW         264411505      263      9,005   X                                                9,005
DUN & BRADSTREET CORP DEL NE COM             26483E100    2,414     58,123   X                                               58,123
DYNEGY INC NEW               CL A            26816Q101      205     56,972   X                                               56,972
E M C CORP MASS              COM             268648102   16,948  1,341,879   X                                            1,341,879
ENSCO INTL INC               COM             26874Q100      769     28,665   X                                               28,665
EOG RES INC                  COM             26875P101    3,433     82,253   X                                               82,253
E TRADE GROUP INC            COM             269246104    1,789    193,160   X                                              193,160
EASTMAN CHEM CO              COM             277432100    3,117     93,048   X                                               93,048
EASTMAN KODAK CO             COM             277461109    2,974    142,008   X                                              142,008
EATON CORP                   COM             278058102    4,468     50,423   X                                               50,423
EATON VANCE CORP             COM NON VTG     278265103    1,196     35,714   X                                               35,714
EBAY INC                     COM             278642103   24,155    450,308   X                                              450,308
ECHOSTAR COMMUNICATIONS NEW  CL A            278762109    5,511    143,862   X                                              143,862
ECOLAB INC                   COM             278865100    3,462    137,102   X                                              137,102
EDISON INTL                  COM             281020107    3,632    190,146   X                                              190,146
EDUCATION MGMT CORP          COM             28139T101    1,652     28,568   X                                               28,568
EDWARDS LIFESCIENCES CORP    COM             28176E108      492     18,153   X                                               18,153


                                           7


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
EDWARDS AG INC               COM             281760108      473     12,306   X                                               12,306
EL PASO CORP                 COM             28336L109    1,614    221,071   X                                              221,071
ELECTRONIC ARTS INC          COM             285512109   10,666    115,711   X                                              115,711
ELECTRONIC DATA SYS NEW      COM             285661104    3,265    161,625   X                                              161,625
EMERSON ELEC CO              COM             291011104    9,737    184,942   X                                              184,942
EMULEX CORP                  COM NEW         292475209      378     14,857   X                                               14,857
ENCANA CORP                  COM             292505104    1,233     33,900   X                                               33,900
ENERGEN CORP                 COM             29265N108      441     12,200   X                                               12,200
ENERGY EAST CORP             COM             29266M109    1,016     45,316   X                                               45,316
ENERGIZER HLDGS INC          COM             29266R108    2,365     64,321   X                                               64,321
ENGELHARD CORP               COM             292845104    1,440     52,051   X                                               52,051
ENGINEERED SUPPORT SYS INC   COM             292866100    2,355     38,900   X                                               38,900
ENTERCOM COMMUNICATIONS CORP CL A            293639100      784     17,483   X                                               17,483
ENTERGY CORP NEW             COM             29364G103   11,186    206,573   X                                              206,573
EQUIFAX INC                  COM             294429105    1,038     46,619   X                                               46,619
EQUITABLE RES INC            COM             294549100      949     23,094   X                                               23,094
EQUITY OFFICE PROPERTIES TRU COM             294741103    7,284    264,580   X                                              264,580
EQUITY RESIDENTIAL           SH BEN INT      29476L107    1,524     52,061   X                                               52,061
EXELON CORP                  COM             30161N101    7,051    111,045   X                                              111,045
EXPEDITORS INTL WASH INC     COM             302130109    1,546     44,954   X                                               44,954
EXPRESS SCRIPTS INC          COM             302182100    2,906     47,555   X                                               47,555
EXXON MOBIL CORP             COM             30231G102  133,098  3,636,562   X                                            3,636,562
FMC TECHNOLOGIES INC         COM             30249U101    1,339     62,493   X                                               62,493
FPL GROUP INC                COM             302571104    3,961     62,680   X                                               62,680
FACTSET RESH SYS INC         COM             303075105    1,743     39,294   X                                               39,294
FAIR ISAAC CORP              COM             303250104    3,605     61,138   X                                               61,138
FAIRCHILD SEMICONDUCTOR INTL COM             303726103      268     16,173   X                                               16,173
FAMILY DLR STORES INC        COM             307000109    4,324    108,404   X                                              108,404
FASTENAL CO                  COM             311900104      815     21,591   X                                               21,591
FEDERAL HOME LN MTG CORP     COM             313400301   17,734    338,754   X                                              338,754
FEDERAL NATL MTG ASSN        COM             313586109   46,777    666,338   X                                              666,338
FEDERATED DEPT STORES INC DE COM             31410H101    7,407    176,773   X                                              176,773
FEDERATED INVS INC PA        CL B            314211103      995     35,923   X                                               35,923
FEDEX CORP                   COM             31428X106    8,898    138,098   X                                              138,098
FIDELITY NATL FINL INC       COM             316326107      657     21,842   X                                               21,842
FIFTH THIRD BANCORP          COM             316773100   12,685    228,391   X                                              228,391
FIRST AMERN CORP CALIF       COM             318522307      452     18,167   X                                               18,167
FIRST BANCORP P R            COM             318672102      645     20,988   X                                               20,988
FIRST DATA CORP              COM             319963104   18,432    461,273   X                                              461,273
FIRST HEALTH GROUP CORP      COM             320960107      682     25,975   X                                               25,975
FIRST TENN NATL CORP         COM             337162101    3,267     76,952   X                                               76,952


                                            8


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
FISERV INC                   COM             337738108    4,310    118,773   X                                              118,773
FIRSTFED FINL CORP           COM             337907109      660     16,700   X                                               16,700
FIRSTFED AMER BANCORP INC    COM             337929103    1,422     64,330   X                                               64,330
FLAGSTAR BANCORP INC         COM             337930101      590     25,700   X                                               25,700
FIRSTENERGY CORP             COM             337932107    5,947    186,436   X                                              186,436
FISHER SCIENTIFIC INTL INC   COM NEW         338032204      369      9,294   X                                                9,294
FLEETBOSTON FINL CORP        COM             339030108   19,232    637,884   X                                              637,884
FLORIDA ROCK INDS INC        COM             341140101    1,409     28,417   X                                               28,417
FLUOR CORP NEW               COM             343412102    1,588     42,544   X                                               42,544
FLOWERS FOODS INC            COM             343498101      784     34,400   X                                               34,400
FLOWSERVE CORP               COM             34354P105    1,224     60,314   X                                               60,314
FOOT LOCKER INC              COM             344849104      688     42,490   X                                               42,490
FORD MTR CO DEL              COM PAR $0.01   345370860    7,087    658,044   X                                              658,044
FOREST LABS INC              COM             345838106   14,466    281,160   X                                              281,160
FORTUNE BRANDS INC           COM             349631101    4,475     78,856   X                                               78,856
FOUNDRY NETWORKS INC         COM             35063R100    1,819     84,619   X                                               84,619
FOX ENTMT GROUP INC          CL A            35138T107    5,953    212,697   X                                              212,697
FRANKLIN RES INC             COM             354613101    1,687     38,161   X                                               38,161
FREEPORT-MCMORAN COPPER & GO CL B            35671D857    3,784    114,335   X                                              114,335
FREMONT GEN CORP             COM             357288109      202     15,900   X                                               15,900
FRIEDMAN BILLINGS RAMSEY GRO CL A            358434108    1,214     70,391   X                                               70,391
FURNITURE BRANDS INTL INC    COM             360921100      332     13,771   X                                               13,771
GALLAGHER ARTHUR J & CO      COM             363576109      924     32,672   X                                               32,672
GALLAHER GROUP PLC           SPONSORED ADR   363595109      476     12,700   X                                               12,700
GANNETT INC                  COM             364730101   12,040    155,233   X                                              155,233
GAP INC DEL                  COM             364760108    7,526    439,615   X                                              439,615
GATEWAY INC                  COM             367626108      199     35,230   X                                               35,230
GEMSTAR-TV GUIDE INTL INC    COM             36866W106       72     15,135   X                                               15,135
GENENTECH INC                COM NEW         368710406    5,503     68,666   X                                               68,666
GENERAL DYNAMICS CORP        COM             369550108    6,200     79,428   X                                               79,428
GENERAL ELEC CO              COM             369604103  198,206  6,648,974   X                                            6,648,974
GENERAL GROWTH PPTYS INC     COM             370021107    5,013     69,918   X                                               69,918
GENERAL MLS INC              COM             370334104    8,309    176,535   X                                              176,535
GENERAL MTRS CORP            COM             370442105   17,957    438,715   X                                              438,715
GENERAL MTRS CORP            CL H NEW        370442832    3,380    236,191   X                                              236,191
GENTEX CORP                  COM             371901109    1,922     55,180   X                                               55,180
GENUINE PARTS CO             COM             372460105    2,285     71,448   X                                               71,448
GENZYME CORP                 COM GENL DIV    372917104    5,091    109,940   X                                              109,940
GEORGIA PAC CORP             COM             373298108    4,432    182,842   X                                              182,842
GETTY IMAGES INC             COM             374276103    1,104     31,388   X                                               31,388
GILEAD SCIENCES INC          COM             375558103    9,102    162,420   X                                              162,420
GILLETTE CO                  COM             375766102   11,079    346,434   X                                              346,434
GLOBAL PMTS INC              COM             37940X102      214      5,944   X                                                5,944
GLOBESPANVIRATA INC          COM             37957V106       74     10,200   X                                               10,200
GOLDEN WEST FINL CORP DEL    COM             381317106   10,419    116,395   X                                              116,395


                                            9


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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   18,228    217,260   X                                               217,260
GOODRICH CORP                COM             382388106    1,483     61,191   X                                                61,191
GOODYEAR TIRE & RUBR CO      COM             382550101      125     19,035   X                                                19,035
GRACO INC                    COM             384109104    1,295     34,479   X                                                34,479
GRAINGER W W INC             COM             384802104    2,286     48,082   X                                                48,082
GRANT PRIDECO INC            COM             38821G101      409     40,145   X                                                40,145
GREAT LAKES CHEM CORP        COM             390568103      876     43,570   X                                                43,570
GREAT PLAINS ENERGY INC      COM             391164100    3,441    113,495   X                                               113,495
GREENPOINT FINL CORP         COM             395384100      420     14,071   X                                                14,071
GREIF INC                    CL A            397624107      366     14,060   X                                                14,060
GTECH HLDGS CORP             COM             400518106    1,696     39,572   X                                                39,572
GUIDANT CORP                 COM             401698105   12,714    271,378   X                                               271,378
HCA INC                      COM             404119109    7,450    202,127   X                                               202,127
HCC INS HLDGS INC            COM             404132102      550     18,921   X                                                18,921
HSBC HLDGS PLC               SPON ADR NEW    404280406      204      3,085   X                                                 3,085
HALLIBURTON CO               COM             406216101    9,466    390,349   X                                               390,349
HANCOCK JOHN FINL SVCS INC   COM             41014S106    3,013     89,137   X                                                89,137
HARLEY DAVIDSON INC          COM             412822108    8,996    186,636   X                                               186,636
HARMAN INTL INDS INC         COM             413086109    4,803     48,833   X                                                48,833
HARRAHS ENTMT INC            COM             413619107    1,845     43,807   X                                                43,807
HARRIS CORP DEL              COM             413875105      267      7,463   X                                                 7,463
HARSCO CORP                  COM             415864107      734     19,077   X                                                19,077
HARTE-HANKS INC              COM             416196103      311     16,854   X                                                16,854
HARTFORD FINL SVCS GROUP INC COM             416515104    6,916    131,408   X                                               131,408
HASBRO INC                   COM             418056107    2,037    109,050   X                                               109,050
HAWAIIAN ELEC INDUSTRIES     COM             419870100      425      9,767   X                                                 9,767
HEALTH MGMT ASSOC INC NEW    CL A            421933102    2,316    106,169   X                                               106,169
HEALTH NET INC               COM             42222G108    2,451     77,404   X                                                77,404
HEINZ H J CO                 COM             423074103    4,377    127,691   X                                               127,691
HELMERICH & PAYNE INC        COM             423452101    1,949     74,555   X                                                74,555
HENRY JACK & ASSOC INC       COM             426281101      264     15,180   X                                                15,180
HERCULES INC                 COM             427056106      410     36,148   X                                                36,148
HERSHEY FOODS CORP           COM             427866108    2,187     30,093   X                                                30,093
HEWLETT PACKARD CO           COM             428236103   34,873  1,801,269   X                                             1,801,269
HIBERNIA CORP                CL A            428656102      322     15,887   X                                                15,887
HILLENBRAND INDS INC         COM             431573104    1,472     26,090   X                                                26,090
HILTON HOTELS CORP           COM             432848109    1,526     94,093   X                                                94,093
HOLLY CORP                   COM PAR $0.01   435758305      427     17,240   X                                                17,240
HOLLYWOOD ENTMT CORP         COM             436141105      202     11,900   X                                                11,900
HOME DEPOT INC               COM             437076102   50,172  1,575,270   X                                             1,575,270
HON INDS INC                 COM             438092108    1,935     52,342   X                                                52,342
HONEYWELL INTL INC           COM             438516106    7,821    296,806   X                                               296,806
HORMEL FOODS CORP            COM             440452100      358     15,599   X                                                15,599


                                           10


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
HOST MARRIOTT CORP NEW       COM             44107P104      159     14,851   X                                                14,851
HUBBELL INC                  CL B            443510201      947     25,949   X                                                25,949
HUDSON CITY BANCORP          COM             443683107    2,846     92,343   X                                                92,343
HUDSON UNITED BANCORP        COM             444165104    2,640     75,075   X                                                75,075
HUMANA INC                   COM             444859102    1,539     85,254   X                                                85,254
HUMAN GENOME SCIENCES INC    COM             444903108      254     18,498   X                                                18,498
HUNTINGTON BANCSHARES INC    COM             446150104      763     38,448   X                                                38,448
ICOS CORP                    COM             449295104      265      6,916   X                                                 6,916
IDEC PHARMACEUTICALS CORP    COM             449370105    1,028     30,877   X                                                30,877
IMS HEALTH INC               COM             449934108    2,791    132,297   X                                               132,297
ISTAR FINL INC               COM             45031U101      229      5,869   X                                                 5,869
ITT EDUCATIONAL SERVICES INC COM             45068B109    1,366     28,508   X                                                28,508
ITT INDS INC IND             COM             450911102    6,124    102,337   X                                               102,337
IDEXX LABS INC               COM             45168D104      304      7,143   X                                                 7,143
IKON OFFICE SOLUTIONS INC    COM             451713101      138     18,873   X                                                18,873
ILLINOIS TOOL WKS INC        COM             452308109    7,096    107,087   X                                               107,087
IMCLONE SYS INC              COM             45245W109      454     11,666   X                                                11,666
INAMED CORP                  COM             453235103      896     12,200   X                                                12,200
INDEPENDENCE CMNTY BK CORP   COM             453414104      283      8,071   X                                                 8,071
INGRAM MICRO INC             CL A            457153104      764     58,575   X                                                58,575
INTEGRATED CIRCUIT SYS INC   COM             45811K208    1,920     63,905   X                                                63,905
INTEGRATED DEVICE TECHNOLOGY COM             458118106      162     13,077   X                                                13,077
INTEL CORP                   COM             458140100  140,490  5,105,020   X                                             5,105,020
INTER TEL INC                COM             458372109      464     18,900   X                                                18,900
INTERACTIVE DATA CORP        COM             45840J107      194     12,309   X                                                12,309
INTERACTIVECORP              COM             45840Q101    5,074    152,911   X                                               152,911
INTERDIGITAL COMMUNICATIONS  COM             45866A105      190     12,645   X                                                12,645
INTERNATIONAL BUSINESS MACHS COM             459200101   98,474  1,114,839   X                                             1,114,839
INTERNATIONAL FLAVORS&FRAGRA COM             459506101      761     23,004   X                                                23,004
INTERNATIONAL GAME TECHNOLOG COM             459902102   10,161    360,952   X                                               360,952
INTL PAPER CO                COM             460146103   10,965    281,019   X                                               281,019
INTERNATIONAL RECTIFIER CORP COM             460254105    1,082     28,892   X                                                28,892
INTERNATIONAL SPEEDWAY CORP  CL A            460335201      258      5,889   X                                                 5,889
INTERSIL CORP                CL A            46069S109      434     18,237   X                                                18,237
INTERPUBLIC GROUP COS INC    COM             460690100      977     69,218   X                                                69,218
INTUIT                       COM             461202103    5,415    112,254   X                                               112,254
INVITROGEN CORP              COM             46185R100    2,247     38,778   X                                                38,778
INVESTORS FINL SERVICES CORP COM             461915100      466     14,781   X                                                14,781


                                           11


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
IOMEGA CORP                  COM NEW         462030305      214     19,200   X                                                19,200
IRON MTN INC PA              COM             462846106      629     17,522   X                                                17,522
ISHARES TR                   RUSSELL1000VAL  464287598      617     12,000   X                                                12,000
IVAX CORP                    COM             465823102      649     33,125   X                                                33,125
JDS UNIPHASE CORP            COM             46612J101    1,971    547,638   X                                               547,638
J P MORGAN CHASE & CO        COM             46625H100   33,303    970,071   X                                               970,071
JABIL CIRCUIT INC            COM             466313103    1,802     69,165   X                                                69,165
JACOBS ENGR GROUP INC DEL    COM             469814107    2,325     51,562   X                                                51,562
JANUS CAP GROUP INC          COM             47102X105      561     40,133   X                                                40,133
JEFFERSON PILOT CORP         COM             475070108    3,418     77,020   X                                                77,020
JETBLUE AWYS CORP            COM             477143101    2,535     41,637   X                                                41,637
JOHNSON & JOHNSON            COM             478160104  106,776  2,156,223   X                                             2,156,223
JOHNSON CTLS INC             COM             478366107   15,064    159,239   X                                               159,239
JONES APPAREL GROUP INC      COM             480074103    5,136    171,590   X                                               171,590
JUNIPER NETWORKS INC         COM             48203R104    1,905    126,997   X                                               126,997
KLA-TENCOR CORP              COM             482480100    3,297     63,891   X                                                63,891
KB HOME                      COM             48666K109    1,715     28,748   X                                                28,748
KEANE INC                    COM             486665102      603     47,200   X                                                47,200
KELLOGG CO                   COM             487836108    3,562    106,820   X                                               106,820
KERR MCGEE CORP              COM             492386107      759     17,007   X                                                17,007
KEY ENERGY SVCS INC          COM             492914106      613     63,571   X                                                63,571
KEYCORP NEW                  COM             493267108    6,636    259,531   X                                               259,531
KEYSPAN CORP                 COM             49337W100    1,068     30,454   X                                                30,454
KIMBERLY CLARK CORP          COM             494368103    6,745    131,425   X                                               131,425
KIMCO REALTY CORP            COM             49446R109    5,029    122,756   X                                               122,756
KINDER MORGAN INC KANS       COM             49455P101    3,860     71,463   X                                                71,463
KING PHARMACEUTICALS INC     COM             495582108      783     51,691   X                                                51,691
KNIGHT RIDDER INC            COM             499040103    4,465     66,947   X                                                66,947
KNIGHT TRADING GROUP INC     COM             499063105      570     49,910   X                                                49,910
KOHLS CORP                   COM             500255104    8,728    163,145   X                                               163,145
KRAFT FOODS INC              CL A            50075N104    3,490    118,293   X                                               118,293
KRISPY KREME DOUGHNUTS INC   COM             501014104      497     12,915   X                                                12,915
KROGER CO                    COM             501044101    5,264    294,567   X                                               294,567
LSI LOGIC CORP               COM             502161102      758     84,320   X                                                84,320
L-3 COMMUNICATIONS HLDGS INC COM             502424104    4,083     94,414   X                                                94,414
LABORATORY CORP AMER HLDGS   COM NEW         50540R409      910     31,703   X                                                31,703
LABRANCHE & CO INC           COM             505447102      158     10,801   X                                                10,801
LAM RESEARCH CORP            COM             512807108    1,510     67,927   X                                                67,927
LAMAR ADVERTISING CO         CL A            512815101      414     14,056   X                                                14,056
LANCASTER COLONY CORP        COM             513847103    1,642     41,159   X                                                41,159
LANDAMERICA FINL GROUP INC   COM             514936103      541     11,800   X                                                11,800
LAUDER ESTEE COS INC         CL A            518439104      752     22,063   X                                                22,063
LEAR CORP                    COM             521865105    3,948     75,005   X                                                75,005


                                           12


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
LEGGETT & PLATT INC          COM             524660107      961     44,423   X                                                44,423
LEGG MASON INC               COM             524901105    5,495     76,109   X                                                76,109
LEHMAN BROS HLDGS INC        COM             524908100   14,951    216,430   X                                               216,430
LENNAR CORP                  CL A            526057104    1,124     14,445   X                                                14,445
LEVEL 3 COMMUNICATIONS INC   COM             52729N100      144     26,567   X                                                26,567
LEXMARK INTL NEW             CL A            529771107    7,090    112,516   X                                               112,516
LIBERTY CORP S C             COM             530370105      619     14,760   X                                                14,760
LIBERTY MEDIA CORP NEW       COM SER A       530718105   10,928  1,096,137   X                                             1,096,137
LILLY ELI & CO               COM             532457108   41,840    704,373   X                                               704,373
LIMITED BRANDS INC           COM             532716107    1,250     82,864   X                                                82,864
LINCARE HLDGS INC            COM             532791100      906     24,754   X                                                24,754
LINCOLN NATL CORP IND        COM             534187109    1,098     31,035   X                                                31,035
LINEAR TECHNOLOGY CORP       COM             535678106    8,410    234,079   X                                               234,079
LIZ CLAIBORNE INC            COM             539320101    1,096     32,200   X                                                32,200
LOCKHEED MARTIN CORP         COM             539830109    6,834    148,082   X                                               148,082
LOEWS CORP                   COM             540424108    3,684     91,257   X                                                91,257
LOUISIANA PAC CORP           COM             546347105      581     42,198   X                                                42,198
LOWES COS INC                COM             548661107   29,616    570,639   X                                               570,639
LUBRIZOL CORP                COM             549271104      203      6,245   X                                                 6,245
LUCENT TECHNOLOGIES INC      COM             549463107    4,294  1,987,737   X                                             1,987,737
LYONDELL CHEMICAL CO         COM             552078107      938     73,403   X                                                73,403
M & T BK CORP                COM             55261F104    4,107     47,041   X                                                47,041
MBIA INC                     COM             55262C100    2,898     52,713   X                                                52,713
MBNA CORP                    COM             55262L100   14,285    626,524   X                                               626,524
M D C HLDGS INC              COM             552676108      974     18,042   X                                                18,042
MDU RES GROUP INC            COM             552690109      344     10,193   X                                                10,193
MGIC INVT CORP WIS           COM             552848103    3,209     61,620   X                                                61,620
MGM MIRAGE                   COM             552953101      285      7,790   X                                                 7,790
MACK CALI RLTY CORP          COM             554489104    3,027     77,212   X                                                77,212
MACROVISION CORP             COM             555904101      374     20,200   X                                                20,200
MACROMEDIA INC               COM             556100105      346     14,138   X                                                14,138
MANDALAY RESORT GROUP        COM             562567107    1,181     29,815   X                                                29,815
MANOR CARE INC NEW           COM             564055101    1,882     62,730   X                                                62,730
MANPOWER INC                 COM             56418H100      575     15,507   X                                                15,507
MARATHON OIL CORP            COM             565849106    8,537    299,544   X                                               299,544
MARKEL CORP                  COM             570535104    2,896     10,846   X                                                10,846
MARSH & MCLENNAN COS INC     COM             571748102   12,046    253,020   X                                               253,020
MARSHALL & ILSLEY CORP       COM             571834100    1,214     38,522   X                                                38,522
MARRIOTT INTL INC NEW        CL A            571903202    2,769     64,340   X                                                64,340
MASCO CORP                   COM             574599106    2,676    109,318   X                                               109,318
MASSEY ENERGY CORP           COM             576206106      239     18,000   X                                                18,000
MATTEL INC                   COM             577081102    7,043    371,484   X                                               371,484
MAXIM INTEGRATED PRODS INC   COM             57772K101   10,555    267,972   X                                               267,972
MAXTOR CORP                  COM NEW         577729205    1,219    100,150   X                                               100,150
MAY DEPT STORES CO           COM             577778103    1,860     75,526   X                                                75,526
MAYTAG CORP                  COM             578592107      658     26,363   X                                                26,363


                                           13


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
MCCLATCHY CO                   CL A            579489105      820     13,778   X                                             13,778
MCCORMICK & CO INC             COM NON VTG     579780206    1,593     58,092   X                                             58,092
MCDATA CORP                    CL A            580031201      279     23,394   X                                             23,394
MCDONALDS CORP                 COM             580135101   17,244    732,538   X                                            732,538
MCGRAW HILL COS INC            COM             580645109    6,788    109,249   X                                            109,249
MCKESSON CORP                  COM             58155Q103    2,525     75,836   X                                             75,836
MEADWESTVACO CORP              COM             583334107    2,927    114,798   X                                            114,798
MEDCO HEALTH SOLUTIONS INC     COM             58405U102    4,696    181,090   X                                            181,090
MEDICIS PHARMACEUTICAL CORP    CL A NEW        584690309    2,276     38,840   X                                             38,840
MEDIMMUNE INC                  COM             584699102    5,025    152,136   X                                            152,136
MEDTRONIC INC                  COM             585055106   32,256    687,465   X                                            687,465
MELLON FINL CORP               COM             58551A108    4,890    162,233   X                                            162,233
MERCK & CO INC                 COM             589331107   73,793  1,457,785   X                                          1,457,785
MERCURY INTERACTIVE CORP       COM             589405109    2,111     46,288   X                                             46,288
MEREDITH CORP                  COM             589433101      503     10,901   X                                             10,901
MERRILL LYNCH & CO INC         COM             590188108   30,254    565,176   X                                            565,176
METLIFE INC                    COM             59156R108    5,846    208,429   X                                            208,429
METTLER TOLEDO INTERNATIONAL   COM             592688105      285      7,931   X                                              7,931
MICHAELS STORES INC            COM             594087108      535     13,138   X                                             13,138
MICROSOFT CORP                 COM             594918104  192,500  6,924,466   X                                          6,924,466
MICROCHIP TECHNOLOGY INC       COM             595017104    1,754     73,195   X                                             73,195
MICRON TECHNOLOGY INC          COM             595112103    1,881    140,198   X                                            140,198
MID ATLANTIC MED SVCS INC      COM             59523C107    1,240     24,105   X                                             24,105
MILLENNIUM PHARMACEUTICALS I   COM             599902103      603     39,029   X                                             39,029
MILLER HERMAN INC              COM             600544100      377     16,540   X                                             16,540
MILLIPORE CORP                 COM             601073109      724     15,726   X                                             15,726
MOHAWK INDS INC                COM             608190104    3,155     44,237   X                                             44,237
MOLEX INC                      COM             608554101    1,358     47,524   X                                             47,524
MONSANTO CO NEW                COM             61166W101    6,085    254,198   X                                            254,198
MONSTER WORLDWIDE INC          COM             611742107      870     34,483   X                                             34,483
MOODYS CORP                    COM             615369105    3,965     72,132   X                                             72,132
MOOG INC                       CL A            615394202      713     18,200   X                                             18,200
MORGAN STANLEY                 COM NEW         617446448   25,765    510,599   X                                            510,599
MOTOROLA INC                   COM             620076109   13,047  1,091,794   X                                          1,091,794
MURPHY OIL CORP                COM             626717102    4,954     84,318   X                                             84,318
MYLAN LABS INC                 COM             628530107    7,345    190,032   X                                            190,032
NCR CORP NEW                   COM             62886E108      489     15,418   X                                             15,418
NVR INC                        COM             62944T105      586      1,257   X                                              1,257
NATIONAL CITY CORP             COM             635405103   14,552    493,944   X                                            493,944
NATIONAL COMMERCE FINL CORP    COM             63545P104      301     12,106   X                                             12,106
NATIONAL FUEL GAS CO N J       COM             636180101      845     36,986   X                                             36,986
NATIONAL HEALTH INVS INC       COM             63633D104    1,200     65,830   X                                             65,830
NATIONAL INSTRS CORP           COM             636518102      281      7,010   X                                              7,010


                                           14


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
NATIONAL-OILWELL INC           COM             637071101      228     12,562   X                                             12,562
NATIONAL SEMICONDUCTOR CORP    COM             637640103    1,837     56,903   X                                             56,903
NAVISTAR INTL CORP NEW         COM             63934E108    1,297     34,799   X                                             34,799
NEIMAN MARCUS GROUP INC        CL A            640204202    1,905     45,674   X                                             45,674
NETWORKS ASSOCS INC            COM             640938106      580     42,149   X                                             42,149
NETSCREEN TECHNOLOGIES INC     COM             64117V107      274     12,326   X                                             12,326
NETWORK APPLIANCE INC          COM             64120L104    4,441    216,330   X                                            216,330
NEUBERGER BERMAN INC           COM             641234109      468     11,176   X                                             11,176
NEW CENTURY FINANCIAL CORP     COM             64352D101      362     12,750   X                                             12,750
NEW YORK CMNTY BANCORP INC     COM             649445103    1,005     31,910   X                                             31,910
NEW YORK TIMES CO              CL A            650111107    1,747     40,200   X                                             40,200
NEWELL RUBBERMAID INC          COM             651229106    1,854     85,563   X                                             85,563
NEWFIELD EXPL CO               COM             651290108      223      5,774   X                                              5,774
NEWMONT MINING CORP            COM             651639106    8,306    212,476   X                                            212,476
NEXTEL COMMUNICATIONS INC      CL A            65332V103   10,088    511,845   X                                            511,845
NEXTEL PARTNERS INC            CL A            65333F107      290     36,982   X                                             36,982
NICOR INC                      COM             654086107      266      7,567   X                                              7,567
NIKE INC                       CL B            654106103    8,159    134,144   X                                            134,144
99 CENTS ONLY STORES           COM             65440K106      283      8,763   X                                              8,763
NISOURCE INC                   COM             65473P105    2,232    111,701   X                                            111,701
NOKIA CORP                     SPONSORED ADR   654902204    2,045    131,100   X                                            131,100
NOBLE ENERGY INC               COM             655044105    1,123     29,321   X                                             29,321
NORDSTROM INC                  COM             655664100      507     20,447   X                                             20,447
NORFOLK SOUTHERN CORP          COM             655844108    3,045    164,603   X                                            164,603
NORTEL NETWORKS CORP NEW       COM             656568102    3,153    768,928   X                                            768,928
NORTH FORK BANCORPORATION NY   COM             659424105    1,422     40,933   X                                             40,933
NORTHERN TR CORP               COM             665859104    2,608     61,585   X                                             61,585
NORTHROP GRUMMAN CORP          COM             666807102    9,261    107,410   X                                            107,410
NOVELL INC                     COM             670006105      476     89,749   X                                             89,749
NOVELLUS SYS INC               COM             670008101    1,542     45,896   X                                             45,896
NUCOR CORP                     COM             670346105    1,523     33,199   X                                             33,199
NVIDIA CORP                    COM             67066G104      847     53,053   X                                             53,053
OCCIDENTAL PETE CORP DEL       COM             674599105   16,380    464,941   X                                            464,941
OFFICE DEPOT INC               COM             676220106    1,082     76,983   X                                             76,983
OLD REP INTL CORP              COM             680223104    1,894     57,237   X                                             57,237
OMNICARE INC                   COM             681904108    3,341     92,643   X                                             92,643
OMNICOM GROUP INC              COM             681919106    6,981     97,158   X                                             97,158
ORACLE CORP                    COM             68389X105   35,794  3,181,666   X                                          3,181,666
O REILLY AUTOMOTIVE INC        COM             686091109      290      7,877   X                                              7,877
OUTBACK STEAKHOUSE INC         COM             689899102    1,007     26,600   X                                             26,600


                                           15


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
OWENS ILL INC                  COM NEW         690768403      124     10,833   X                                             10,833
OXFORD HEALTH PLANS INC        COM             691471106    1,427     34,538   X                                             34,538
PG&E CORP                      COM             69331C108    5,825    243,713   X                                            243,713
PMC-SIERRA INC                 COM             69344F106      751     56,974   X                                             56,974
PMI GROUP INC                  COM             69344M101    2,017     59,761   X                                             59,761
PNC FINL SVCS GROUP INC        COM             693475105    6,588    138,464   X                                            138,464
PPG INDS INC                   COM             693506107    3,741     71,634   X                                             71,634
PPL CORP                       COM             69351T106    4,607    112,494   X                                            112,494
PACCAR INC                     COM             693718108    6,978     93,801   X                                             93,801
PACIFIC SUNWEAR CALIF INC      COM             694873100      632     30,600   X                                             30,600
PACIFICARE HEALTH SYS DEL      COM             695112102    1,490     30,538   X                                             30,538
PACTIV CORP                    COM             695257105    1,462     72,095   X                                             72,095
PALL CORP                      COM             696429307      948     42,266   X                                             42,266
PARAMETRIC TECHNOLOGY CORP     COM             699173100       91     29,007   X                                             29,007
PAREXEL INTL CORP              COM             699462107      197     12,900   X                                             12,900
PARK PL ENTMT CORP             COM             700690100      152     16,821   X                                             16,821
PARKER HANNIFIN CORP           COM             701094104      889     19,884   X                                             19,884
PATTERSON DENTAL CO            COM             703412106      793     13,774   X                                             13,774
PATTERSON UTI ENERGY INC       COM             703481101      954     35,259   X                                             35,259
PAYCHEX INC                    COM             704326107    7,080    207,623   X                                            207,623
PENNEY J C INC                 COM             708160106    1,684     78,807   X                                             78,807
PENTAIR INC                    COM             709631105      201      5,049   X                                              5,049
PEOPLES ENERGY CORP            COM             711030106      255      6,158   X                                              6,158
PEOPLESOFT INC                 COM             712713106    1,694     92,724   X                                             92,724
PEPSI BOTTLING GROUP INC       COM             713409100    1,299     63,133   X                                             63,133
PEPSICO INC                    COM             713448108   50,007  1,091,150   X                                          1,091,150
PERFORMANCE FOOD GROUP CO      COM             713755106    2,195     53,892   X                                             53,892
PERKINELMER INC                COM             714046109      675     44,080   X                                             44,080
PETSMART INC                   COM             716768106      730     32,079   X                                             32,079
PFIZER INC                     COM             717081103  163,957  5,396,872   X                                          5,396,872
PHARMACEUTICAL PROD DEV INC    COM             717124101      263     10,955   X                                             10,955
PHARMACEUTICAL RES INC         COM             717125108    5,101     74,766   X                                             74,766
PHELPS DODGE CORP              COM             717265102    1,481     31,654   X                                             31,654
PIER 1 IMPORTS INC             COM             720279108      331     17,199   X                                             17,199
PINNACLE WEST CAP CORP         COM             723484101    4,839    136,308   X                                            136,308
PIONEER NAT RES CO             COM             723787107      383     15,053   X                                             15,053
PITNEY BOWES INC               COM             724479100    3,425     89,392   X                                             89,392
PIXAR                          COM             725811103    3,426     51,399   X                                             51,399
PLANTRONICS INC NEW            COM             727493108    1,201     50,300   X                                             50,300
PLUM CREEK TIMBER CO INC       COM             729251108      804     31,619   X                                             31,619
POGO PRODUCING CO              COM             730448107    4,368     96,456   X                                             96,456
POLARIS INDS INC               COM             731068102      931     12,553   X                                             12,553
POLO RALPH LAUREN CORP         CL A            731572103      833     31,044   X                                             31,044
POLYCOM INC                    COM             73172K104      355     21,379   X                                             21,379
POPULAR INC                    COM             733174106    2,010     50,504   X                                             50,504


                                           16


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
PRAXAIR INC                    COM             74005P104    8,069    130,256   X                                            130,256
PRECISION CASTPARTS CORP       COM             740189105    1,819     51,821   X                                             51,821
PRICE T ROWE GROUP INC         COM             74144T108    3,966     96,072   X                                             96,072
PRIDE INTL INC DEL             COM             74153Q102      249     14,706   X                                             14,706
PRINCIPAL FINANCIAL GROUP IN   COM             74251V102    3,759    121,289   X                                            121,289
PROCTER & GAMBLE CO            COM             742718109   84,727    912,814   X                                            912,814
PROGRESS ENERGY INC            COM             743263105    3,547     79,791   X                                             79,791
PROGRESSIVE CORP OHIO          COM             743315103    6,733     97,420   X                                             97,420
PROLOGIS                       SH BEN INT      743410102    1,203     39,759   X                                             39,759
PROTECTIVE LIFE CORP           COM             743674103    1,103     36,951   X                                             36,951
PROTEIN DESIGN LABS INC        COM             74369L103      239     17,028   X                                             17,028
PROVIDIAN FINL CORP            COM             74406A102    1,165     98,827   X                                             98,827
PRUDENTIAL FINL INC            COM             744320102    5,045    135,026   X                                            135,026
PUBLIC SVC ENTERPRISE GROUP    COM             744573106    3,348     79,726   X                                             79,726
PUBLIC STORAGE INC             COM             74460D109      231      5,900   X                                              5,900
PUGET ENERGY INC NEW           COM             745310102      299     13,350   X                                             13,350
PULTE HOMES INC                COM             745867101    1,207     17,751   X                                             17,751
QLOGIC CORP                    COM             747277101    4,101     87,232   X                                             87,232
QUALCOMM INC                   COM             747525103   26,263    630,259   X                                            630,259
QUEST DIAGNOSTICS INC          COM             74834L100    2,286     37,705   X                                             37,705
QUESTAR CORP                   COM             748356102    2,618     84,988   X                                             84,988
QWEST COMMUNICATIONS INTL IN   COM             749121109    2,237    657,961   X                                            657,961
RPM INTL INC                   COM             749685103      176     13,439   X                                             13,439
RADIAN GROUP INC               COM             750236101    3,723     83,852   X                                             83,852
RADIO ONE INC                  CL D NON VTG    75040P405      155     10,777   X                                             10,777
RADIOSHACK CORP                COM             750438103    1,598     56,259   X                                             56,259
RAMBUS INC DEL                 COM             750917106      317     18,818   X                                             18,818
RAYTHEON CO                    COM NEW         755111507    5,143    183,694   X                                            183,694
REALNETWORKS INC               COM             75605L104      116     17,938   X                                             17,938
REALTY INCOME CORP             COM             756109104    1,385     34,938   X                                             34,938
RED HAT INC                    COM             756577102      286     28,564   X                                             28,564
REEBOK INTL LTD                COM             758110100    1,132     33,863   X                                             33,863
REGENCY CTRS CORP              COM             758849103      490     13,295   X                                             13,295
REGIS CORP MINN                COM             758932107      208      6,488   X                                              6,488
REGIONS FINL CORP              COM             758940100    5,869    171,361   X                                            171,361
REINSURANCE GROUP AMER INC     COM             759351109    2,926     71,799   X                                             71,799
RELIANT RES INC                COM             75952B105       81     15,912   X                                             15,912
RENAL CARE GROUP INC           COM             759930100      261      7,648   X                                              7,648
RENT A CTR INC NEW             COM             76009N100    2,746     85,232   X                                             85,232
REPUBLIC SVCS INC              COM             760759100    1,057     46,692   X                                             46,692
RESMED INC                     COM             761152107      332      7,552   X                                              7,552
RESPIRONICS INC                COM             761230101      321      7,666   X                                              7,666
REYNOLDS & REYNOLDS CO         CL A            761695105    1,363     49,474   X                                             49,474
REYNOLDS R J TOB HLDGS INC     COM             76182K105    1,550     39,199   X                                             39,199


                                           17


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
RITE AID CORP                  COM             767754104      416     80,593   X                                             80,593
ROBERT HALF INTL INC           COM             770323103    1,031     52,887   X                                             52,887
ROCKWELL AUTOMATION INC        COM             773903109    3,273    124,678   X                                            124,678
ROCKWELL COLLINS INC           COM             774341101    2,884    114,214   X                                            114,214
ROHM & HAAS CO                 COM             775371107    3,052     91,253   X                                             91,253
ROSLYN BANCORP INC             COM             778162107      336     14,283   X                                             14,283
ROSS STORES INC                COM             778296103    2,437     52,528   X                                             52,528
ROUSE CO                       COM             779273101    2,396     57,466   X                                             57,466
ROWAN COS INC                  COM             779382100    1,655     67,348   X                                             67,348
RUBY TUESDAY INC               COM             781182100      331     13,734   X                                             13,734
RYDER SYS INC                  COM             783549108      834     28,444   X                                             28,444
SBC COMMUNICATIONS INC         COM             78387G103   37,275  1,675,301   X                                          1,675,301
SEI INVESTMENTS CO             COM             784117103    1,746     53,650   X                                             53,650
SLM CORP                       COM             78442P106   11,531    295,968   X                                            295,968
SPX CORP                       COM             784635104      313      6,918   X                                              6,918
SABRE HLDGS CORP               CL A            785905100      504     23,472   X                                             23,472
SAFECO CORP                    COM             786429100    2,407     68,102   X                                             68,102
SAFEWAY INC                    COM NEW         786514208    5,288    230,533   X                                            230,533
ST JOE CO                      COM             790148100    1,398     43,566   X                                             43,566
ST JUDE MED INC                COM             790849103    7,019    130,537   X                                            130,537
ST PAUL COS INC                COM             792860108    2,171     58,637   X                                             58,637
SANDISK CORP                   COM             80004C101    8,172    128,242   X                                            128,242
SANMINA SCI CORP               COM             800907107    1,196    123,856   X                                            123,856
SARA LEE CORP                  COM             803111103    9,493    517,060   X                                            517,060
SCANA CORP NEW                 COM             80589M102    1,187     34,659   X                                             34,659
SCHEIN HENRY INC               COM             806407102    4,609     81,267   X                                             81,267
SCHERING PLOUGH CORP           COM             806605101   10,955    718,854   X                                            718,854
SCHLUMBERGER LTD               COM             806857108    3,260     67,349   X                                             67,349
SCHWAB CHARLES CORP NEW        COM             808513105    6,336    532,013   X                                            532,013
SCIENTIFIC ATLANTA INC         COM             808655104    7,618    244,556   X                                            244,556
SCOTTS CO                      CL A            810186106      488      8,913   X                                              8,913
SCRIPPS E W CO OHIO            CL A            811054204    2,129     25,018   X                                             25,018
SEALED AIR CORP NEW            COM             81211K100    2,323     49,194   X                                             49,194
SEARS ROEBUCK & CO             COM             812387108   11,153    255,038   X                                            255,038
SEMPRA ENERGY                  COM             816851109    4,450    151,560   X                                            151,560
SEPRACOR INC                   COM             817315104    2,017     73,014   X                                             73,014
SERVICE CORP INTL              COM             817565104       81     17,697   X                                             17,697
SERVICEMASTER CO               COM             81760N109      182     17,696   X                                             17,696
SHERWIN WILLIAMS CO            COM             824348106    2,839     96,527   X                                             96,527
SICOR INC                      COM             825846108      606     31,364   X                                             31,364
SIEBEL SYS INC                 COM             826170102    1,173    120,187   X                                            120,187
SIGMA ALDRICH CORP             COM             826552101    1,956     37,514   X                                             37,514
SILICON LABORATORIES INC       COM             826919102    1,205     26,819   X                                             26,819
SIMON PPTY GROUP INC NEW       COM             828806109    2,254     51,720   X                                             51,720
SIRIUS SATELLITE RADIO INC     COM             82966U103       95     52,451   X                                             52,451
SKY FINL GROUP INC             COM             83080P103      537     23,858   X                                             23,858
SMITH & NEPHEW PLC             SPDN ADR NEW    83175M205      713     10,700   X                                             10,700
SMITH INTL INC                 COM             832110100    1,349     37,488   X                                             37,488
SMUCKER J M CO                 COM NEW         832696405    1,150     27,279   X                                             27,279


                                           18


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
SMURFIT-STONE CONTAINER CORP   COM             832727101      217     14,526   X                                             14,526
SNAP ON INC                    COM             833034101      271      9,793   X                                              9,793
SOLECTRON CORP                 COM             834182107    1,142    195,263   X                                            195,263
SOUTHERN CO                    COM             842587107    8,007    272,823   X                                            272,823
SOUTHTRUST CORP                COM             844730101   10,503    357,724   X                                            357,724
SOUTHWEST AIRLS CO             COM             844741108   12,785    722,290   X                                            722,290
SOVEREIGN BANCORP INC          COM             845905108      287     15,459   X                                             15,459
SPRINT CORP                    COM FON GROUP   852061100    6,218    411,820   X                                            411,820
SPRINT CORP                    PCS COM SER 1   852061506    2,496    435,551   X                                            435,551
SS&C TECHNOLOGIES INC          COM             85227Q100      636     31,800   X                                             31,800
STANCORP FINL GROUP INC        COM             852891100      389      6,775   X                                              6,775
STANLEY WKS                    COM             854616109      390     13,203   X                                             13,203
STAPLES INC                    COM             855030102    3,840    161,087   X                                            161,087
STARBUCKS CORP                 COM             855244109    6,431    223,291   X                                            223,291
STARWOOD HOTELS&RESORTS WRLD   PAIRED CTF      85590A203    3,760    108,060   X                                            108,060
STATE STR CORP                 COM             857477103    4,951    110,024   X                                            110,024
STATION CASINOS INC            COM             857689103      728     23,806   X                                             23,806
STERICYCLE INC                 COM             858912108    2,507     53,051   X                                             53,051
STERIS CORP                    COM             859152100    1,000     43,456   X                                             43,456
STEWART INFORMATION SVCS COR   COM             860372101      641     22,700   X                                             22,700
STORAGE TECHNOLOGY CORP        COM PAR $0.10   862111200      336     13,931   X                                             13,931
STRYKER CORP                   COM             863667101    8,695    115,460   X                                            115,460
STUDENT LN CORP                COM             863902102    2,762     23,144   X                                             23,144
SUN MICROSYSTEMS INC           COM             866810104    4,002  1,209,070   X                                          1,209,070
SUNGARD DATA SYS INC           COM             867363103    5,658    215,035   X                                            215,035
SUNOCO INC                     COM             86764P109    2,800     69,611   X                                             69,611
SUNTRUST BKS INC               COM             867914103    7,697    127,496   X                                            127,496
SUPERVALU INC                  COM             868536103    2,592    108,635   X                                            108,635
SYBRON DENTAL SPECIALTIES IN   COM             871142105      564     22,500   X                                             22,500
SYMANTEC CORP                  COM             871503108   10,240    162,055   X                                            162,055
SYMBOL TECHNOLOGIES INC        COM             871508107      869     72,724   X                                             72,724
SYNOPSYS INC                   COM             871607107    2,723     88,080   X                                             88,080
SYNOVUS FINL CORP              COM             87161C105    2,598    103,942   X                                            103,942
SYSCO CORP                     COM             871829107   13,804    421,999   X                                            421,999
TCF FINL CORP                  COM             872275102      694     14,480   X                                             14,480
TECO ENERGY INC                COM             872375100      709     51,321   X                                             51,321
TJX COS INC NEW                COM             872540109    5,835    300,483   X                                            300,483
TXU CORP                       COM             873168108    2,075     88,091   X                                             88,091
TARGET CORP                    COM             87612E106   25,723    683,580   X                                            683,580
TECH DATA CORP                 COM             878237106    1,736     56,262   X                                             56,262
TEKTRONIX INC                  COM             879131100      404     16,336   X                                             16,336
TELEPHONE & DATA SYS INC       COM             879433100    1,526     26,997   X                                             26,997
TELLABS INC                    COM             879664100      662     97,140   X                                             97,140
TEMPLE INLAND INC              COM             879868107      427      8,797   X                                              8,797
TENET HEALTHCARE CORP          COM             88033G100    1,332     92,010   X                                             92,010


                                           19


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
TERADYNE INC                   COM             880770102    1,160     62,385   X                                             62,385
TEVA PHARMACEUTICAL INDS LTD   ADR             881624209    1,888     33,000   X                                             33,000
TEXAS INSTRS INC               COM             882508104   23,627  1,036,265   X                                          1,036,265
TEXTRON INC                    COM             883203101    1,265     32,074   X                                             32,074
THERMO ELECTRON CORP           COM             883556102      865     39,866   X                                             39,866
3COM CORP                      COM             885535104      127     21,446   X                                             21,446
3M CO                          COM             88579Y101   38,757    561,120   X                                            561,120
TIDEWATER INC                  COM             886423102      202      7,122   X                                              7,122
TIFFANY & CO NEW               COM             886547108    2,476     66,318   X                                             66,318
TORCHMARK CORP                 COM             891027104    5,885    144,804   X                                            144,804
TOTAL SYS SVCS INC             COM             891906109    2,242     85,092   X                                             85,092
TOYS R US INC                  COM             892335100      431     35,861   X                                             35,861
TRAVELERS PPTY CAS CORP NEW    CL A            89420G109      266     16,724   X                                             16,724
TRAVELERS PPTY CAS CORP NEW    CL B            89420G406    3,358    211,470   X                                            211,470
TRIAD HOSPITALS INC            COM             89579K109      758     25,040   X                                             25,040
TRIBUNE CO NEW                 COM             896047107    5,774    125,796   X                                            125,796
TRUSTMARK CORP                 COM             898402102      528     19,471   X                                             19,471
TYCO INTL LTD NEW              COM             902124106   14,882    728,419   X                                            728,419
TYSON FOODS INC                CL A            902494103      175     12,356   X                                             12,356
UGI CORP NEW                   COM             902681105      303     10,470   X                                             10,470
UST INC                        COM             902911106    2,568     72,988   X                                             72,988
US BANCORP DEL                 COM NEW         902973304   17,163    715,403   X                                            715,403
UNILEVER N V                   N Y SHS NEW     904784709      414      7,000   X                                              7,000
UNION PAC CORP                 COM             907818108    7,407    127,339   X                                            127,339
UNION PLANTERS CORP            COM             908068109    1,112     35,160   X                                             35,160
UNIONBANCAL CORP               COM             908906100      698     14,081   X                                             14,081
UNISYS CORP                    COM             909214108    1,571    116,142   X                                            116,142
UNITED ONLINE INC              COM             911268100    1,489     42,800   X                                             42,800
UNITED PARCEL SERVICE INC      CL B            911312106   23,854    373,883   X                                            373,883
UNITED STATES STL CORP NEW     COM             912909108    1,304     70,945   X                                             70,945
UNITED TECHNOLOGIES CORP       COM             913017109   27,462    355,356   X                                            355,356
UNITEDHEALTH GROUP INC         COM             91324P102   19,310    383,746   X                                            383,746
UNITEDGLOBALCOM                CL A            913247508      271     44,329   X                                             44,329
UNIVERSAL HLTH SVCS INC        CL B            913903100    3,683     74,470   X                                             74,470
UNIVISION COMMUNICATIONS INC   CL A            914906102    3,724    116,626   X                                            116,626
UNOCAL CORP                    COM             915289102    2,328     73,866   X                                             73,866
UNUMPROVIDENT CORP             COM             91529Y106      726     49,143   X                                             49,143
UTSTARCOM INC                  COM             918076100    3,565    112,106   X                                            112,106
V F CORP                       COM             918204108      646     16,613   X                                             16,613
VALERO ENERGY CORP NEW         COM             91913Y100    2,130     55,658   X                                             55,658
VALLEY NATL BANCORP            COM             919794107      331     11,887   X                                             11,887
VALSPAR CORP                   COM             920355104      801     17,171   X                                             17,171
VARCO INTL INC DEL             COM             922122106      271     16,048   X                                             16,048
VARIAN MED SYS INC             COM             92220P105    3,335     58,019   X                                             58,019
VECTREN CORP                   COM             92240G101      301     12,728   X                                             12,728
VERISIGN INC                   COM             92343E102      492     36,541   X                                             36,541
VERIZON COMMUNICATIONS         COM             92343V104   50,674  1,562,095   X                                          1,562,095


                                           20


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
VERITAS SOFTWARE CO            COM             923436109    7,161    227,176   X                                            227,176
VIAD CORP                      COM             92552R109      298     12,469   X                                             12,469
VIACOM INC                     CL A            925524100    3,913    101,900   X                                            101,900
VIACOM INC                     CL B            925524308   37,496    979,017   X                                            979,017
VISHAY INTERTECHNOLOGY INC     COM             928298108      269     15,353   X                                             15,353
VISTEON CORP                   COM             92839U107       94     14,205   X                                             14,205
VODAFONE GROUP PLC NEW         SPONSORED ADR   92857W100      480     23,700   X                                             23,700
VORNADO RLTY TR                SH BEN INT      929042109      228      4,750   X                                              4,750
VULCAN MATLS CO                COM             929160109    1,501     37,598   X                                             37,598
WACHOVIA CORP 2ND NEW          COM             929903102   38,575    936,513   X                                            936,513
WADDELL & REED FINL INC        CL A            930059100      726     30,823   X                                             30,823
WAL MART STORES INC            COM             931142103  139,308  2,494,330   X                                          2,494,330
WALGREEN CO                    COM             931422109   13,463    439,377   X                                            439,377
WASHINGTON MUT INC             COM             939322103   24,462    621,325   X                                            621,325
WASHINGTON POST CO             CL B            939640108      345        519   X                                                519
WASTE MGMT INC DEL             COM             94106L109    7,600    290,396   X                                            290,396
WATERS CORP                    COM             941848103    2,446     89,161   X                                             89,161
WATSON PHARMACEUTICALS INC     COM             942683103    1,590     38,138   X                                             38,138
WATTS INDS INC                 CL A            942749102      498     28,250   X                                             28,250
WEBMD CORP                     COM             94769M105    1,009    112,744   X                                            112,744
WEIGHT WATCHERS INTL INC NEW   COM             948626106    2,166     52,076   X                                             52,076
WEINGARTEN RLTY INVS           SH BEN INT      948741103    2,088     46,408   X                                             46,408
WELLPOINT HEALTH NETWORK NEW   COM             94973H108    6,990     90,687   X                                             90,687
WELLS FARGO & CO NEW           COM             949746101   33,472    649,941   X                                            649,941
WENDYS INTL INC                COM             950590109      705     21,828   X                                             21,828
WESTAR ENERGY INC              COM             95709T100    1,808     98,000   X                                             98,000
WESTAMERICA BANCORPORATION     COM             957090103    1,454     32,689   X                                             32,689
WESTERN DIGITAL CORP           COM             958102105      580     44,978   X                                             44,978
WESTERN WIRELESS CORP          CL A            95988E204    1,214     65,000   X                                             65,000
WESTWOOD ONE INC               COM             961815107      782     25,903   X                                             25,903
WEYERHAEUSER CO                COM             962166104    6,625    113,351   X                                            113,351
WHIRLPOOL CORP                 COM             963320106    4,087     60,300   X                                             60,300
WHITNEY HLDG CORP              COM             966612103      318      9,352   X                                              9,352
WHOLE FOODS MKT INC            COM             966837106    2,873     52,052   X                                             52,052
WILEY JOHN & SONS INC          CL A            968223206      284     10,918   X                                             10,918
WILLIAMS COS INC DEL           COM             969457100      819     86,921   X                                             86,921
WILLIAMS SONOMA INC            COM             969904101    1,087     40,297   X                                             40,297
WILMINGTON TRUST CORP          COM             971807102      240      7,793   X                                              7,793
WINN DIXIE STORES INC          COM             974280109      195     20,227   X                                             20,227
WISCONSIN ENERGY CORP          COM             976657106    1,019     33,330   X                                             33,330


                                           21


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                               SEPTEMBER 30, 2003



     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
-------------------         --------------   -------   ---------- --------- ---- -------  ------ --------  ----  ------  ---------
                                                                                        
WORTHINGTON INDS INC           COM             981811102      233     18,544   X                                             18,544
WRIGLEY WM JR CO               COM             982526105    4,089     73,946   X                                             73,946
WYETH                          COM             983024100   32,346    701,655   X                                            701,655
XM SATELLITE RADIO HLDGS INC   CL A            983759101      719     46,398   X                                             46,398
XTO ENERGY INC                 COM             98385X106    1,309     62,374   X                                             62,374
XCEL ENERGY INC                COM             98389B100    2,642    170,803   X                                            170,803
XILINX INC                     COM             983919101    4,511    158,656   X                                            158,656
XEROX CORP                     COM             984121103    2,666    259,885   X                                            259,885
YAHOO INC                      COM             984332106   10,618    300,020   X                                            300,020
YOUNG BROADCASTING INC         CL A            987434107    1,022     52,200   X                                             52,200
YUM BRANDS INC                 COM             988498101    2,971    100,300   X                                            100,300
ZEBRA TECHNOLOGIES CORP        CL A            989207105    1,668     32,397   X                                             32,397
ZIMMER HLDGS INC               COM             98956P102   12,152    220,539   X                                            220,539
ZIONS BANCORPORATION           COM             989701107      846     15,114   X                                             15,114

GRAND TOTAL                                             5,795,569


                                             22