UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2001

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

Institutional Investment Manager Filing this Report:

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

Form 13F File Number: 028-04063

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

Person Signing this Report on Behalf of Reporting manager:

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

Signature, Place, and Date of Signing:

          /s/                          Stamford, Connecticut         2/07/02
          ---------------------        ---------------------         -------
              [Signature]                  [City, State]             [Date]

Report Type (Check only one.):

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

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

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



                              Form 13F SUMMARY PAGE

Report summary:


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

Form 13F Information Table Entry Total:                911
                                                     -----------------

Form 13F Information Table Value Total:              $7,708,819
                                                     -----------------
                                                     (thousands)

List of Other Included Managers:

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

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


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
AMDOCS LTD                     ORD            G02602103          245     7,200  X                                              7,200
EVEREST RE GROUP LTD           COM            G3223R108        7,190   101,700  X                                            101,700
GLOBAL CROSSING LTD            COM            G3921A100           44    52,000  X                                             52,000
GLOBALSANTAFE CORP             SHS            G3930E101        4,296   150,622  X                                            150,622
O2MICRO INTERNATIONAL LIMITED  ORD            G6797E106        1,212    50,400  X                                             50,400
TRANSOCEAN SEDCO FOREX INC     ORD            G90078109        1,531    45,266  X                                             45,266
WHITE MTNS INS GROUP LTD       COM            G9618E107       11,066    31,800  X                                             31,800
XL CAP LTD                     CL A           G98255105       12,901   141,206  X                                            141,206
CHECK POINT SOFTWARE TECH LTD  ORD            M22465104          531    13,300  X                                             13,300
TARO PHARMACEUTICAL INDS LTD   ORD            M8737E108          475    11,900  X                                             11,900
A D C TELECOMMUNICATIONS       COM            000886101          986   214,330  X                                            214,330
AFLAC INC                      COM            001055102        5,037   205,092  X                                            205,092
AGL RES INC                    COM            001204106          944    41,000  X                                             41,000
AES CORP                       COM            00130H105        3,490   213,486  X                                            213,486
AK STL HLDG CORP               COM            001547108          258    22,700  X                                             22,700
AMR CORP                       COM            001765106        1,198    53,726  X                                             53,726
AOL TIME WARNER INC            COM            00184A105      114,180 3,557,017  X                                          3,557,017
AT&T CORP                      COM            001957109       37,527 2,068,739  X                                          2,068,739
AT&T WIRELESS SVCS INC         COM            00209A106       19,798 1,377,711  X                                          1,377,711
AVX CORP NEW                   COM            002444107          257    10,900  X                                             10,900
ABBOTT LABS                    COM            002824100       73,923 1,325,967  X                                          1,325,967
ABERCROMBIE & FITCH CO         CL A           002896207        1,716    64,700  X                                             64,700
ABGENIX INC                    COM            00339B107          649    19,300  X                                             19,300
ACTIVISION INC NEW             COM NEW        004930202        2,370    91,100  X                                             91,100
ACTION PERFORMANCE COS INC     COM            004933107          966    31,550  X                                             31,550
ACTERNA CORP                   COM            00503U105          140    35,500  X                                             35,500
ADAPTEC INC                    COM            00651F108          399    27,500  X                                             27,500
ADOBE SYS INC                  COM            00724F101        5,918   190,610  X                                            190,610
ADVANCED FIBRE COMMUNICATIONS  COM            00754A105        1,861   105,300  X                                            105,300
ADVO INC                       COM            007585102          305     7,100  X                                              7,100
ADVANCEPCS                     COM            00790K109        2,078    70,800  X                                             70,800
ADVANCED MICRO DEVICES INC     COM            007903107        3,812   240,371  X                                            240,371
ADVENT SOFTWARE INC            COM            007974108          375     7,500  X                                              7,500
AETNA INC NEW                  COM            00817Y108          936    28,381  X                                             28,381
AFFILIATED COMPUTER SERVICES   CL A           008190100        9,064    85,400  X                                             85,400
AFFYMETRIX INC                 COM            00826T108        1,306    34,600  X                                             34,600
AGERE SYS INC                  CL A           00845V100          727   127,700  X                                            127,700
AGILENT TECHNOLOGIES INC       COM            00846U101        3,470   121,704  X                                            121,704
AIR PRODS & CHEMS INC          COM            009158106        9,244   197,056  X                                            197,056
ALBANY MOLECULAR RESH INC      COM            012423109          813    30,700  X                                             30,700
ALBERTO CULVER CO              CL B CONV      013068101          453    10,135  X                                             10,135
ALBERTSONS INC                 COM            013104104       12,603   400,230  X                                            400,230
ALCAN INC                      COM            013716105        3,486    97,033  X                                             97,033
ALCOA INC                      COM            013817101       23,544   662,280  X                                            662,280
ALKERMES INC                   COM            01642T108          424    16,100  X                                             16,100
ALLEGHENY ENERGY INC           COM            017361106        2,252    62,183  X                                             62,183
ALLEGHENY TECHNOLOGIES INC     COM            01741R102        1,007    60,146  X                                             60,146
ALLEGIANCE TELECOM INC         COM            01747T102          146    17,600  X                                             17,600
ALLERGAN INC                   COM            018490102        8,953   119,288  X                                            119,288
ALLIED CAP CORP NEW            COM            01903Q108          393    15,100  X                                             15,100
ALLIED WASTE INDS INC          COM PAR$.01NEW 019589308          660    46,932  X                                             46,932
ALLSTATE CORP                  COM            020002101       15,936   472,867  X                                            472,867
ALLTEL CORP                    COM            020039103       19,528   316,344  X                                            316,344
ALTERA CORP                    COM            021441100        9,068   427,315  X                                            427,315



                                       1


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
AMAZON COM INC                 COM            023135106        1,572   145,300  X                                            145,300
AMBAC FINL GROUP INC           COM            023139108       10,025   173,267  X                                            173,267
AMERADA HESS CORP              COM            023551104        4,685    74,958  X                                             74,958
AMEREN CORP                    COM            023608102        3,521    83,239  X                                             83,239
AMERICAN EAGLE OUTFITTERS NEW  COM            02553E106          325    12,400  X                                             12,400
AMERICAN ELEC PWR INC          COM            025537101        3,156    72,506  X                                             72,506
AMERICAN EXPRESS CO            COM            025816109       18,380   514,996  X                                            514,996
AMERICAN HOME PRODS CORP       COM            026609107       58,430   952,255  X                                            952,255
AMERICAN INTL GROUP INC        COM            026874107      130,565 1,644,390  X                                          1,644,390
AMERICAN PWR CONVERSION CORP   COM            029066107          532    36,791  X                                             36,791
AMERICAN STD COS INC DEL       COM            029712106        3,507    51,400  X                                             51,400
AMERICAN TOWER CORP            CL A           029912201          236    24,900  X                                             24,900
AMERICAN WTR WKS INC           COM            030411102        9,436   226,000  X                                            226,000
AMERICAN WOODMARK CORP         COM            030506109          505     9,400  X                                              9,400
AMERICREDIT CORP               COM            03060R101          700    22,200  X                                             22,200
AMERITRADE HLDG CORP           CL A           03072H109          163    27,500  X                                             27,500
AMERISOURCEBERGEN CORP         COM            03073E105        6,830   107,481  X                                            107,481
AMETEK INC NEW                 COM            031100100        2,570    80,600  X                                             80,600
AMGEN INC                      COM            031162100       44,856   794,754  X                                            794,754
AMKOR TECHNOLOGY INC           COM            031652100          423    26,400  X                                             26,400
AMPHENOL CORP NEW              CL A           032095101        3,575    74,400  X                                             74,400
AMSOUTH BANCORPORATION         COM            032165102        2,072   109,646  X                                            109,646
ANADARKO PETE CORP             COM            032511107       13,568   238,661  X                                            238,661
ANALOG DEVICES INC             COM            032654105        8,516   191,834  X                                            191,834
ANDREW CORP                    COM            034425108          255    11,633  X                                             11,633
ANDRX GROUP                    COM            034553107        4,147    58,900  X                                             58,900
ANHEUSER BUSCH COS INC         COM            035229103       24,756   547,580  X                                            547,580
AON CORP                       COM            037389103        2,261    63,664  X                                             63,664
APACHE CORP                    COM            037411105        2,175    43,615  X                                             43,615
APOGENT TECHNOLOGIES INC       COM            03760A101          341    13,200  X                                             13,200
APOLLO GROUP INC               CL A           037604105        7,321   162,650  X                                            162,650
APOLLO GROUP INC               COM UNV PHOENX 037604204        1,678    51,475  X                                             51,475
APPLE COMPUTER INC             COM            037833100        2,166    98,904  X                                             98,904
APPLERA CORP                   COM AP BIO GRP 038020103        5,653   143,942  X                                            143,942
APPLIED MICRO CIRCUITS CORP    COM            03822W109        1,622   143,263  X                                            143,263
APPLIED MATLS INC              COM            038222105       27,175   677,669  X                                            677,669
ARCHER DANIELS MIDLAND CO      COM            039483102        4,163   290,084  X                                            290,084
ARIBA INC                      COM            04033V104          195    31,700  X                                             31,700
ASHLAND INC                    COM            044204105        3,985    86,484  X                                             86,484
ASSOCIATED BANC CORP           COM            045487105        2,855    80,900  X                                             80,900
ATMEL CORP                     COM            049513104          458    62,200  X                                             62,200
AUTODESK INC                   COM            052769106          924    24,803  X                                             24,803
AUTOMATIC DATA PROCESSING INC  COM            053015103       16,937   287,555  X                                            287,555
AUTONATION INC                 COM            05329W102          171    13,900  X                                             13,900
AUTOZONE INC                   COM            053332102        5,279    73,523  X                                             73,523
AVAYA INC                      COM            053499109        1,368   112,594  X                                            112,594
AVERY DENNISON CORP            COM            053611109        2,606    46,103  X                                             46,103
AVIRON                         COM            053762100          323     6,500  X                                              6,500
AVON PRODS INC                 COM            054303102        5,298   113,945  X                                            113,945
AXCELIS TECHNOLOGIES INC       COM            054540109          317    24,600  X                                             24,600
AZTAR CORP                     COM            054802103          769    42,000  X                                             42,000
BB&T CORP                      COM            054937107        3,693   102,262  X                                            102,262
BCE INC                        COM            05534B109          755    33,100  X                                             33,100
BISYS GROUP INC                COM            055472104        4,115    64,300  X                                             64,300



                                       2


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
BJS WHOLESALE CLUB INC         COM            05548J106        4,419   100,200  X                                            100,200
BJ SVCS CO                     COM            055482103        2,963    91,300  X                                             91,300
BMC SOFTWARE INC               COM            055921100        1,452    88,690  X                                             88,690
BAKER HUGHES INC               COM            057224107        9,197   252,192  X                                            252,192
BALL CORP                      COM            058498106        4,741    67,057  X                                             67,057
BANK OF AMERICA CORPORATION    COM            060505104       88,697 1,409,009  X                                          1,409,009
BANK NEW YORK INC              COM            064057102       10,650   261,024  X                                            261,024
BANK ONE CORP                  COM            06423A103       18,190   465,816  X                                            465,816
BANKNORTH GROUP INC NEW        COM            06646R107        9,753   433,100  X                                            433,100
BANKUNITED FINL CORP           CL A           06652B103          356    24,000  X                                             24,000
BARD C R INC                   COM            067383109       10,469   162,317  X                                            162,317
BARNES GROUP INC               COM            067806109          365    15,200  X                                             15,200
BARRICK GOLD CORP              COM            067901108        1,792   112,329  X                                            112,329
BARR LABS INC                  COM            068306109        2,705    34,087  X                                             34,087
BAUSCH & LOMB INC              COM            071707103          402    10,676  X                                             10,676
BAXTER INTL INC                COM            071813109       26,274   489,905  X                                            489,905
BEA SYS INC                    COM            073325102        2,572   167,000  X                                            167,000
BEAR STEARNS COS INC           COM            073902108        9,312   158,805  X                                            158,805
BECKMAN COULTER INC            COM            075811109        4,124    93,100  X                                             93,100
BECTON DICKINSON & CO          COM            075887109        3,420   103,182  X                                            103,182
BED BATH & BEYOND INC          COM            075896100        9,715   286,566  X                                            286,566
BELLSOUTH CORP                 COM            079860102       48,912 1,282,095  X                                          1,282,095
BEMIS INC                      COM            081437105        1,584    32,200  X                                             32,200
BERKSHIRE HATHAWAY INC DEL     CL A           084670108       14,364       190  X                                                190
BEST BUY INC                   COM            086516101       13,882   186,388  X                                            186,388
BIG LOTS INC                   COM            089302103          251    24,090  X                                             24,090
BIOGEN INC                     COM            090597105        3,323    57,941  X                                             57,941
BIOMET INC                     COM            090613100        7,345   237,688  X                                            237,688
BLACK & DECKER CORP            COM            091797100          733    19,424  X                                             19,424
BLACKROCK INC                  CL A           09247X101        1,343    32,200  X                                             32,200
BLOCK H & R INC                COM            093671105        8,304   185,781  X                                            185,781
BOEING CO                      COM            097023105       26,752   689,834  X                                            689,834
BOISE CASCADE CORP             COM            097383103          779    22,898  X                                             22,898
BORG WARNER INC                COM            099724106        1,839    35,200  X                                             35,200
BOSTON SCIENTIFIC CORP         COM            101137107        4,536   188,060  X                                            188,060
BOWATER INC                    COM            102183100        2,046    42,900  X                                             42,900
BRINKER INTL INC               COM            109641100        1,301    43,701  X                                             43,701
BRISTOL MYERS SQUIBB CO        COM            110122108       67,221 1,318,060  X                                          1,318,060
BROADCOM CORP                  CL A           111320107        6,815   166,748  X                                            166,748
BROADVISION INC                COM            111412102          149    54,300  X                                             54,300
BROADWING INC                  COM            111620100          116    12,200  X                                             12,200
BROCADE COMMUNICATIONS SYS INC COM            111621108        4,176   126,100  X                                            126,100
BROWN FORMAN CORP              CL B           115637209          742    11,856  X                                             11,856
BRUNSWICK CORP                 COM            117043109          379    17,407  X                                             17,407
BURLINGTON NORTHN SANTA FE CP  COM            12189T104        5,094   178,555  X                                            178,555
BURLINGTON RES INC             COM            122014103        2,332    62,112  X                                             62,112
CDW COMPUTER CTRS INC          COM            125129106        2,122    39,500  X                                             39,500
C H ROBINSON WORLDWIDE INC     COM            12541W100        1,972    68,200  X                                             68,200
CIGNA CORP                     COM            125509109       12,768   137,814  X                                            137,814
CMGI INC                       COM            125750109           24    14,800  X                                             14,800
CMS ENERGY CORP                COM            125896100        3,427   142,612  X                                            142,612
CNET NETWORKS INC              COM            12613R104          148    16,500  X                                             16,500
CSG SYS INTL INC               COM            126349109          473    11,700  X                                             11,700
CSX CORP                       COM            126408103        2,964    84,558  X                                             84,558



                                       3


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
CVS CORP                       COM            126650100        4,654   157,218  X                                            157,218
CABLEVISION SYS CORP           CL A NY CABLVS 12686C109          465     9,800  X                                              9,800
CABLEVISION SYS CORP           CL A RAINB MED 12686C844        1,554    62,900  X                                             62,900
CABOT CORP                     COM            127055101        1,557    43,600  X                                             43,600
CABOT MICROELECTRONICS CORP    COM            12709P103        3,535    44,600  X                                             44,600
CACI INTL INC                  CL A           127190304        6,069   153,700  X                                            153,700
CADENCE DESIGN SYSTEM INC      COM            127387108        6,585   300,400  X                                            300,400
CALIFORNIA PIZZA KITCHEN INC   COM            13054D109          629    25,400  X                                             25,400
CALPINE CORP                   COM            131347106        3,962   235,958  X                                            235,958
CAMPBELL SOUP CO               COM            134429109        2,974    99,569  X                                             99,569
CANADIAN NATL RY CO            COM            136375102        2,496    51,700  X                                             51,700
CAPITAL ONE FINL CORP          COM            14040H105       10,523   195,048  X                                            195,048
CAPSTONE TURBINE CORP          COM            14067D102           59    10,900  X                                             10,900
CARDINAL HEALTH INC            COM            14149Y108       23,357   361,230  X                                            361,230
CAREMARK RX INC                COM            141705103        2,399   147,100  X                                            147,100
CARNIVAL CORP                  COM            143658102        2,334    83,134  X                                             83,134
CATALINA MARKETING CORP        COM            148867104          423    12,200  X                                             12,200
CATERPILLAR INC DEL            COM            149123101       12,449   238,257  X                                            238,257
CELGENE CORP                   COM            151020104          603    18,900  X                                             18,900
CENDANT CORP                   COM            151313103       13,224   674,365  X                                            674,365
CENTEX CORP                    COM            152312104        2,432    42,595  X                                             42,595
CENTURYTEL INC                 COM            156700106        6,920   210,966  X                                            210,966
CEPHALON INC                   COM            156708109        8,670   114,700  X                                            114,700
CERIDIAN CORP NEW              COM            156779100        2,051   109,400  X                                            109,400
CERNER CORP                    COM            156782104          944    18,900  X                                             18,900
CERTEGY INC                    COM            156880106        1,208    35,300  X                                             35,300
CHARTER ONE FINL INC           COM            160903100        3,057   112,597  X                                            112,597
CHARTER COMMUNICATIONS INC DEL CL A           16117M107          412    25,100  X                                             25,100
CHECKFREE CORP NEW             COM            162813109          274    15,200  X                                             15,200
CHEESECAKE FACTORY INC         COM            163072101          407    11,700  X                                             11,700
CHEVRONTEXACO CORP             COM            166764100       66,684   744,160  X                                            744,160
CHICOS FAS INC                 COM            168615102          464    11,700  X                                             11,700
CHIRON CORP                    COM            170040109        3,035    69,220  X                                             69,220
CHOICEPOINT INC                COM            170388102        4,496    88,700  X                                             88,700
CHUBB CORP                     COM            171232101        2,319    33,614  X                                             33,614
CHURCH & DWIGHT INC            COM            171340102        1,489    55,900  X                                             55,900
CIENA CORP                     COM            171779101        4,192   292,971  X                                            292,971
CINCINNATI FINL CORP           COM            172062101        1,160    30,401  X                                             30,401
CINERGY CORP                   COM            172474108        1,788    53,481  X                                             53,481
CIRCUIT CITY STORE INC         CIRCT CITY GRP 172737108        1,050    40,479  X                                             40,479
CIRCUIT CITY STORE INC         CARMAX GROUP   172737306          821    36,100  X                                             36,100
CISCO SYS INC                  COM            17275R102      109,958 6,071,672  X                                          6,071,672
CIRRUS LOGIC INC               COM            172755100          173    13,100  X                                             13,100
CINTAS CORP                    COM            172908105        3,142    65,465  X                                             65,465
CITIGROUP INC                  COM            172967101      178,736 3,540,738  X                                          3,540,738
CITIZENS COMMUNICATIONS CO     COM            17453B101          878    82,395  X                                             82,395
CITRIX SYS INC                 COM            177376100        1,975    87,151  X                                             87,151
CLARCOR INC                    COM            179895107          426    15,700  X                                             15,700
CLEAR CHANNEL COMMUNICATIONS   COM            184502102        8,201   161,087  X                                            161,087
CLOROX CO DEL                  COM            189054109        3,569    90,245  X                                             90,245
COACH INC                      COM            189754104          425    10,900  X                                             10,900
COCA COLA CO                   COM            191216100       70,575 1,496,814  X                                          1,496,814
COCA COLA ENTERPRISES INC      COM            191219104        2,273   120,025  X                                            120,025
COLGATE PALMOLIVE CO           COM            194162103       17,460   302,342  X                                            302,342



                                       4


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
COLUMBIA SPORTSWEAR CO         COM            198516106        1,309    39,300  X                                             39,300
COMCAST CORP                   CL A SPL       200300200       19,783   549,538  X                                            549,538
COMERICA INC                   COM            200340107        2,014    35,150  X                                             35,150
COMMERCE BANCORP INC NJ        COM            200519106        4,556   115,800  X                                            115,800
COMMERCIAL FEDERAL CORPORATION COM            201647104        1,267    53,900  X                                             53,900
COMMUNITY HEALTH SYS INC NEWCO COM            203668108          288    11,300  X                                             11,300
COMPASS BANCSHARES INC         COM            20449H109        2,853   100,800  X                                            100,800
COMPAQ COMPUTER CORP           COM            204493100        6,028   617,616  X                                            617,616
COMPUTER ASSOC INTL INC        COM            204912109       11,600   336,336  X                                            336,336
COMPUTER SCIENCES CORP         COM            205363104        1,623    33,132  X                                             33,132
COMPUWARE CORP                 COM            205638109        2,138   181,356  X                                            181,356
COMVERSE TECHNOLOGY INC        COM PAR $0.10  205862402        4,917   219,825  X                                            219,825
CONAGRA FOODS INC              COM            205887102        7,707   324,220  X                                            324,220
CONCORD EFS INC                COM            206197105       15,346   468,163  X                                            468,163
CONEXANT SYSTEMS INC           COM            207142100        1,600   111,436  X                                            111,436
CONOCO INC                     COM            208251504        6,968   246,219  X                                            246,219
CONSECO INC                    COM            208464107          291    65,354  X                                             65,354
CONSOLIDATED EDISON INC        COM            209115104        5,124   126,957  X                                            126,957
CONSTELLATION BRANDS INC       CL A           21036P108        1,937    45,200  X                                             45,200
CONSTELLATION ENERGY GROUP INC COM            210371100          855    32,185  X                                             32,185
CONVERGYS CORP                 COM            212485106        3,583    95,570  X                                             95,570
COOPER CAMERON CORP            COM            216640102          981    24,300  X                                             24,300
COOPER INDS INC                COM            216669101        2,175    62,295  X                                             62,295
COOPER TIRE & RUBR CO          COM            216831107          166    10,414  X                                             10,414
COORS ADOLPH CO                CL B           217016104          444     8,323  X                                              8,323
COR THERAPEUTICS INC           COM            217753102          316    13,200  X                                             13,200
CORNING INC                    COM            219350105        3,575   400,752  X                                            400,752
CORVIS CORP                    COM            221009103          207    64,200  X                                             64,200
COSTCO WHSL CORP NEW           COM            22160K105       17,081   384,887  X                                            384,887
COUNTRYWIDE CR INDS INC DEL    COM            222372104        6,182   150,889  X                                            150,889
COVANCE INC                    COM            222816100        1,353    59,600  X                                             59,600
COX COMMUNICATIONS INC NEW     CL A           224044107          444    10,600  X                                             10,600
COX RADIO INC                  CL A           224051102        2,421    95,000  X                                             95,000
CRANE CO                       COM            224399105          295    11,488  X                                             11,488
CREE INC                       COM            225447101          536    18,200  X                                             18,200
CROWN CASTLE INTL CORP         COM            228227104          294    27,500  X                                             27,500
CUMMINS INC                    COM            231021106          301     7,804  X                                              7,804
CURAGEN CORP                   COM            23126R101          391    17,500  X                                             17,500
CYPRESS SEMICONDUCTOR CORP     COM            232806109        1,180    59,200  X                                             59,200
CYTYC CORP                     COM            232946103        6,648   254,700  X                                            254,700
DST SYS INC DEL                COM            233326107        1,326    26,600  X                                             26,600
DTE ENERGY CO                  COM            233331107       11,867   282,942  X                                            282,942
DANA CORP                      COM            235811106          623    44,870  X                                             44,870
DANAHER CORP DEL               COM            235851102        4,229    70,120  X                                             70,120
DARDEN RESTAURANTS INC         COM            237194105        4,292   121,252  X                                            121,252
DAVITA INC                     COM            23918K108          401    16,400  X                                             16,400
DEERE & CO                     COM            244199105        3,786    86,718  X                                             86,718
DELL COMPUTER CORP             COM            247025109       65,394 2,405,963  X                                          2,405,963
DELPHI AUTOMOTIVE SYS CORP     COM            247126105        1,769   129,539  X                                            129,539
DELTA AIR LINES INC DEL        COM            247361108          712    24,332  X                                             24,332
DELUXE CORP                    COM            248019101        5,356   128,802  X                                            128,802
DENTSPLY INTL INC NEW          COM            249030107          437     8,700  X                                              8,700
DEUTSCHE TELEKOM AG            SPONSORED ADR  251566105          485    28,706  X                                             28,706
DEVON ENERGY CORP NEW          COM            25179M103        1,303    33,724  X                                             33,724



                                       5


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
DEVRY INC DEL                  COM            251893103          407    14,300  X                                             14,300
DIAMOND OFFSHORE DRILLING INC  COM            25271C102        4,274   140,600  X                                            140,600
DIEBOLD INC                    COM            253651103        1,585    39,200  X                                             39,200
DIGITAL INSIGHT CORP           COM            25385P106          823    36,800  X                                             36,800
DILLARDS INC                   CL A           254067101          190    11,889  X                                             11,889
DIME BANCORP INC NEW           COM            25429Q102        3,994   110,700  X                                            110,700
DISNEY WALT CO                 COM DISNEY     254687106       24,524 1,183,603  X                                          1,183,603
DOLLAR GEN CORP                COM            256669102        1,694   113,674  X                                            113,674
DOLLAR TREE STORES INC         COM            256747106        1,750    56,600  X                                             56,600
DOMINION RES INC VA NEW        COM            25746U109        3,108    51,711  X                                             51,711
DONALDSON INC                  COM            257651109        7,077   182,200  X                                            182,200
DONNELLEY R R & SONS CO        COM            257867101          664    22,357  X                                             22,357
DORAL FINL CORP                COM            25811P100        3,040    97,400  X                                             97,400
DOUBLECLICK INC                COM            258609304          315    27,800  X                                             27,800
DOVER CORP                     COM            260003108        1,630    43,982  X                                             43,982
DOW CHEM CO                    COM            260543103       20,161   596,819  X                                            596,819
DOW JONES & CO INC             COM            260561105        1,046    19,107  X                                             19,107
DU PONT E I DE NEMOURS & CO    COM            263534109       20,860   490,704  X                                            490,704
DUKE ENERGY CORP               COM            264399106       17,466   444,870  X                                            444,870
DUN & BRADSTREET CORP DEL NEW  COM            26483E100        3,357    95,100  X                                             95,100
DYNEGY INC NEW                 CL A           26816Q101        8,952   351,068  X                                            351,068
E M C CORP MASS                COM            268648102       22,245 1,655,160  X                                          1,655,160
ENSCO INTL INC                 COM            26874Q100          698    28,100  X                                             28,100
EOG RES INC                    COM            26875P101        1,724    44,086  X                                             44,086
ESS TECHNOLOGY INC             COM            269151106          793    37,300  X                                             37,300
E TRADE GROUP INC              COM            269246104          432    42,100  X                                             42,100
EARTHLINK INC                  COM            270321102          135    11,100  X                                             11,100
EASTMAN CHEM CO                COM            277432100        2,179    55,839  X                                             55,839
EASTMAN KODAK CO               COM            277461109        4,781   162,442  X                                            162,442
EATON CORP                     COM            278058102        1,723    23,154  X                                             23,154
EATON VANCE CORP               COM NON VTG    278265103          690    19,400  X                                             19,400
EBAY INC                       COM            278642103        8,757   130,900  X                                            130,900
ECHOSTAR COMMUNICATIONS NEW    CL A           278762109        1,472    53,600  X                                             53,600
ECOLAB INC                     COM            278865100        3,528    87,649  X                                             87,649
EDISON INTL                    COM            281020107        3,509   232,395  X                                            232,395
J D EDWARDS & CO               COM            281667105          707    43,000  X                                             43,000
EDWARDS AG INC                 COM            281760108        4,457   100,900  X                                            100,900
EL PASO CORP                   COM            28336L109       22,322   500,382  X                                            500,382
ELECTRONIC ARTS INC            COM            285512109        3,753    62,600  X                                             62,600
ELECTRONIC DATA SYS NEW        COM            285661104       38,216   557,487  X                                            557,487
ELECTRONICS FOR IMAGING INC    COM            286082102          366    16,400  X                                             16,400
EMERSON ELEC CO                COM            291011104       11,277   197,503  X                                            197,503
EMULEX CORP                    COM NEW        292475209        1,983    50,200  X                                             50,200
ENGELHARD CORP                 COM            292845104        1,935    69,897  X                                             69,897
ENGINEERED SUPPORT SYS INC     COM            292866100        2,477    72,400  X                                             72,400
ENRON CORP                     COM            293561106          205   341,700  X                                            341,700
ENTERASYS NETWORKS INC         COM            293637104          536    60,600  X                                             60,600
ENTERGY CORP NEW               COM            29364G103       10,899   278,678  X                                            278,678
ENZON INC                      COM            293904108          602    10,700  X                                             10,700
EQUIFAX INC                    COM            294429105        2,338    96,814  X                                             96,814
EQUITABLE RES INC              COM            294549100        4,150   121,800  X                                            121,800
EQUITY OFFICE PROPERTIES TRUST COM            294741103        5,017   166,791  X                                            166,791
EQUITY RESIDENTIAL PPTYS TR    SH BEN INT     29476L107        1,537    53,522  X                                             53,522
EXELON CORP                    COM            30161N101        8,787   183,512  X                                            183,512



                                       6


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
EXPEDITORS INTL WASH INC       COM            302130109        1,492    26,200  X                                             26,200
EXPRESS SCRIPTS INC            COM            302182100        1,047    22,400  X                                             22,400
EXTENDED STAY AMER INC         COM            30224P101          425    25,900  X                                             25,900
EXTREME NETWORKS INC           COM            30226D106          326    25,300  X                                             25,300
EXULT INC DEL                  COM            302284104          327    20,400  X                                             20,400
EXXON MOBIL CORP               COM            30231G102      183,227 4,662,276  X                                          4,662,276
FLIR SYS INC                   COM            302445101        3,966   104,600  X                                            104,600
FPL GROUP INC                  COM            302571104        3,954    70,104  X                                             70,104
FAIRCHILD SEMICONDUCTOR INTL   CL A           303726103        3,079   109,200  X                                            109,200
FAMILY DLR STORES INC          COM            307000109        3,146   104,933  X                                            104,933
FASTENAL CO                    COM            311900104          631     9,500  X                                              9,500
FEDERAL HOME LN MTG CORP       COM            313400301       40,769   623,380  X                                            623,380
FEDERAL NATL MTG ASSN          COM            313586109       61,410   772,450  X                                            772,450
FEDERATED DEPT STORES INC DEL  COM            31410H101        3,492    85,368  X                                             85,368
FEDERATED INVS INC PA          CL B           314211103        3,367   105,600  X                                            105,600
FEDEX CORP                     COM            31428X106        8,654   166,802  X                                            166,802
FERRO CORP                     COM            315405100        2,727   105,700  X                                            105,700
FIFTH THIRD BANCORP            COM            316773100       23,266   379,363  X                                            379,363
FINISAR                        COM            31787A101          434    42,700  X                                             42,700
FIRST DATA CORP                COM            319963104       35,805   456,410  X                                            456,410
FIRST HEALTH GROUP CORP        COM            320960107          737    29,800  X                                             29,800
FIRST TENN NATL CORP           COM            337162101        8,271   228,100  X                                            228,100
FISERV INC                     COM            337738108        7,565   178,760  X                                            178,760
FLAGSTAR BANCORP INC           COM            337930101        2,069   102,800  X                                            102,800
FIRSTENERGY CORP               COM            337932107        2,570    73,472  X                                             73,472
FLEETBOSTON FINL CORP          COM            339030108       29,402   805,534  X                                            805,534
FLUOR CORP NEW                 COM            343412102          590    15,787  X                                             15,787
FLOWERS FOODS INC              COM            343498101        1,844    46,200  X                                             46,200
FLOWSERVE CORP                 COM            34354P105        1,762    66,200  X                                             66,200
FOOT LOCKER INC                COM            344849104          595    38,000  X                                             38,000
FORD MTR CO DEL                COM PAR $0.01  345370860       13,790   877,237  X                                            877,237
FOREST LABS INC                COM            345838106       21,177   258,419  X                                            258,419
FORTUNE BRANDS INC             COM            349631101        8,976   226,737  X                                            226,737
FOUNDRY NETWORKS INC           COM            35063R100          175    21,500  X                                             21,500
FOX ENTMT GROUP INC            CL A           35138T107        2,810   105,900  X                                            105,900
FRANKLIN RES INC               COM            354613101        3,712   105,236  X                                            105,236
FREEPORT-MCMORAN COPPER & GOLD CL B           35671D857          751    56,095  X                                             56,095
GALLAGHER ARTHUR J & CO        COM            363576109          731    21,200  X                                             21,200
GANNETT INC                    COM            364730101       13,325   198,202  X                                            198,202
GAP INC DEL                    COM            364760108        5,228   375,013  X                                            375,013
GATEWAY INC                    COM            367626108          466    57,950  X                                             57,950
GAYLORD ENTMT CO NEW           COM            367905106          558    22,700  X                                             22,700
GEMSTAR-TV GUIDE INTL INC      COM            36866W106        1,061    38,300  X                                             38,300
GENENTECH INC                  COM NEW        368710406        3,651    67,300  X                                             67,300
GENERAL DYNAMICS CORP          COM            369550108        9,146   114,842  X                                            114,842
GENERAL ELEC CO                COM            369604103      311,852 7,780,749  X                                          7,780,749
GENERAL MLS INC                COM            370334104       13,348   256,643  X                                            256,643
GENERAL MTRS CORP              COM            370442105       23,952   492,840  X                                            492,840
GENERAL MTRS CORP              CL H NEW       370442832        2,299   148,800  X                                            148,800
GENTEX CORP                    COM            371901109          503    18,800  X                                             18,800
GENUINE PARTS CO               COM            372460105        9,602   261,641  X                                            261,641
GENZYME CORP                   COM GENL DIV   372917104        8,241   137,668  X                                            137,668
GEORGIA PAC CORP               COM GA PAC GRP 373298108        4,287   155,273  X                                            155,273
GILEAD SCIENCES INC            COM            375558103        5,238    79,700  X                                             79,700



                                       7


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
GILLETTE CO                    COM            375766102       19,266   576,839  X                                            576,839
GLOBAL PMTS INC                COM            37940X102        1,314    38,200  X                                             38,200
GOLDEN WEST FINL CORP DEL      COM            381317106       10,079   171,270  X                                            171,270
GOLDMAN SACHS GROUP INC        COM            38141G104        3,079    33,200  X                                             33,200
GOODRICH CORP                  COM            382388106        1,790    67,256  X                                             67,256
GOODYEAR TIRE & RUBR CO        COM            382550101          739    31,018  X                                             31,018
GRAINGER W W INC               COM            384802104        2,223    46,312  X                                             46,312
GREAT LAKES CHEM CORP          COM            390568103        1,021    42,034  X                                             42,034
GUIDANT CORP                   COM            401698105       10,822   217,318  X                                            217,318
HCA INC                        COM            404119109        6,161   159,870  X                                            159,870
HCC INS HLDGS INC              COM            404132102        1,309    47,500  X                                             47,500
HALLIBURTON CO                 COM            406216101        3,075   234,748  X                                            234,748
HANCOCK JOHN FINL SVCS INC     COM            41014S106        4,710   114,046  X                                            114,046
HANOVER COMPRESSOR CO          COM            410768105          839    33,200  X                                             33,200
HARLEY DAVIDSON INC            COM            412822108       14,362   264,453  X                                            264,453
HARRAHS ENTMT INC              COM            413619107          901    24,358  X                                             24,358
HARTFORD FINL SVCS GROUP INC   COM            416515104       10,514   167,334  X                                            167,334
HASBRO INC                     COM            418056107        2,275   140,204  X                                            140,204
HEALTHSOUTH CORP               COM            421924101        1,148    77,448  X                                             77,448
HEALTH MGMT ASSOC INC NEW      CL A           421933102        2,774   150,759  X                                            150,759
HEINZ H J CO                   COM            423074103        3,883    94,438  X                                             94,438
HELMERICH & PAYNE INC          COM            423452101        1,038    31,100  X                                             31,100
HENRY JACK & ASSOC INC         COM            426281101          352    16,100  X                                             16,100
HERCULES INC                   COM            427056106          259    25,863  X                                             25,863
HERSHEY FOODS CORP             COM            427866108        4,602    67,974  X                                             67,974
HEWLETT PACKARD CO             COM            428236103       11,836   576,247  X                                            576,247
HIBERNIA CORP                  CL A           428656102          811    45,600  X                                             45,600
HILLENBRAND INDS INC           COM            431573104        4,604    83,300  X                                             83,300
HILTON HOTELS CORP             COM            432848109          773    70,811  X                                             70,811
HISPANIC BROADCASTING CORP     CL A           43357B104          395    15,500  X                                             15,500
HOME DEPOT INC                 COM            437076102       82,690 1,621,051  X                                          1,621,051
HOMESTORE COM INC              COM            437852106           69    19,300  X                                             19,300
HONEYWELL INTL INC             COM            438516106       13,469   398,267  X                                            398,267
HORMEL FOODS CORP              COM            440452100        3,345   124,500  X                                            124,500
HOST MARRIOTT CORP NEW         COM            44107P104          115    12,800  X                                             12,800
HOUSEHOLD INTL INC             COM            441815107       17,780   306,867  X                                            306,867
HUDSON CITY BANCORP            COM            443683107        1,484    56,300  X                                             56,300
HUMANA INC                     COM            444859102          395    33,517  X                                             33,517
HUMAN GENOME SCIENCES INC      COM            444903108        5,800   172,000  X                                            172,000
HUNTINGTON BANCSHARES INC      COM            446150104          843    49,047  X                                             49,047
ICN PHARMACEUTICALS INC NEW    COM            448924100          432    12,900  X                                             12,900
ICOS CORP                      COM            449295104        1,488    25,900  X                                             25,900
IDEC PHARMACEUTICALS CORP      COM            449370105        6,383    92,600  X                                             92,600
IMS HEALTH INC                 COM            449934108        3,620   185,552  X                                            185,552
ITT INDS INC IND               COM            450911102        7,738   153,228  X                                            153,228
IDEX CORP                      COM            45167R104          752    21,800  X                                             21,800
ILLINOIS TOOL WKS INC          COM            452308109        5,221    77,094  X                                             77,094
IMCLONE SYS INC                COM            45245W109          715    15,400  X                                             15,400
IMMUNEX CORP NEW               COM            452528102        7,522   271,462  X                                            271,462
INCO LTD                       COM            453258402        1,245    73,513  X                                             73,513
INDEPENDENCE CMNTY BK CORP     COM            453414104        1,343    59,000  X                                             59,000
INFORMATICA CORP               COM            45666Q102          238    16,400  X                                             16,400
INGERSOLL-RAND CO              COM            456866102        5,298   126,728  X                                            126,728
INGRAM MICRO INC               CL A           457153104          996    57,500  X                                             57,500



                                       8


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
INHALE THERAPEUTIC SYS INC     COM            457191104          208    11,200  X                                             11,200
INTEGRATED DEVICE TECHNOLOGY   COM            458118106        1,776    66,800  X                                             66,800
INTEL CORP                     COM            458140100      179,553 5,709,159  X                                          5,709,159
INTER TEL INC                  COM            458372109          636    33,100  X                                             33,100
INTERNATIONAL BUSINESS MACHS   COM            459200101      169,399 1,400,453  X                                          1,400,453
INTERNATIONAL FLAVORS&FRAGRANC COM            459506101        2,980   100,315  X                                            100,315
INTERNATIONAL GAME TECHNOLOGY  COM            459902102       10,739   157,231  X                                            157,231
INTL PAPER CO                  COM            460146103        9,487   235,123  X                                            235,123
INTERNATIONAL RECTIFIER CORP   COM            460254105          555    15,900  X                                             15,900
INTERNATIONAL SPEEDWAY CORP    CL A           460335201          309     7,900  X                                              7,900
INTERNET SEC SYS INC           COM            46060X107          308     9,600  X                                              9,600
INTERSIL CORP                  CL A           46069S109          835    25,900  X                                             25,900
INTERPUBLIC GROUP COS INC      COM            460690100        4,151   140,532  X                                            140,532
INTERWOVEN INC                 COM            46114T102          216    22,200  X                                             22,200
INTIMATE BRANDS INC            CL A           461156101          288    19,400  X                                             19,400
INTUIT                         COM            461202103        2,713    63,408  X                                             63,408
INVESTMENT TECHNOLOGY GRP NEW  COM            46145F105        3,309    84,700  X                                             84,700
INVITROGEN CORP                COM            46185R100          824    13,300  X                                             13,300
INVESTORS FINL SERVICES CORP   COM            461915100          530     8,000  X                                              8,000
IRON MTN INC PA                COM            462846106        4,595   104,900  X                                            104,900
ISHARES TR                     RUSSELL1000VAL 464287598       22,354   403,500  X                                            403,500
ISHARES TR                     RUSSELL1000GRW 464287614        4,223    82,900  X                                             82,900
ITRON INC                      COM            465741106        1,091    36,000  X                                             36,000
I2 TECHNOLOGIES INC            COM            465754109          551    69,800  X                                             69,800
IVAX CORP                      COM            465823102        1,122    55,725  X                                             55,725
JDS UNIPHASE CORP              COM            46612J101       10,652 1,227,207  X                                          1,227,207
J P MORGAN CHASE & CO          COM            46625H100       30,905   850,194  X                                            850,194
JABIL CIRCUIT INC              COM            466313103        1,506    66,296  X                                             66,296
JACOBS ENGR GROUP INC DEL      COM            469814107        3,881    58,800  X                                             58,800
JEFFERSON PILOT CORP           COM            475070108        1,389    30,026  X                                             30,026
JOHN NUVEEN CO                 CL A           478035108        5,532   103,449  X                                            103,449
JOHNSON & JOHNSON              COM            478160104      167,371 2,831,990  X                                          2,831,990
JOHNSON CTLS INC               COM            478366107       19,892   246,335  X                                            246,335
JONES APPAREL GROUP INC        COM            480074103        3,283    98,990  X                                             98,990
JUNIPER NETWORKS INC           COM            48203R104        2,202   116,200  X                                            116,200
KLA-TENCOR CORP                COM            482480100       12,496   252,140  X                                            252,140
K MART CORP                    COM            482584109        1,131   207,159  X                                            207,159
KPMG CONSULTING INC            COM            48265R109          333    20,100  X                                             20,100
KANSAS CITY SOUTHN INDS INC    COM NEW        485170302        1,342    95,000  X                                             95,000
KB HOME                        COM            48666K109          286     7,143  X                                              7,143
KELLOGG CO                     COM            487836108        3,394   112,745  X                                            112,745
KEMET CORP                     COM            488360108          197    11,100  X                                             11,100
KERR MCGEE CORP                COM            492386107        3,907    71,296  X                                             71,296
KEYCORP NEW                    COM            493267108        7,914   325,132  X                                            325,132
KEYSPAN CORP                   COM            49337W100        1,059    30,556  X                                             30,556
KIMBERLY CLARK CORP            COM            494368103       14,397   240,750  X                                            240,750
KINDER MORGAN INC KANS         COM            49455P101        6,990   125,522  X                                            125,522
KING PHARMACEUTICALS INC       COM            495582108        7,881   187,073  X                                            187,073
KNIGHT RIDDER INC              COM            499040103       10,158   156,453  X                                            156,453
KNIGHT TRADING GROUP INC       COM            499063105          172    15,600  X                                             15,600
KOHLS CORP                     COM            500255104       26,952   382,626  X                                            382,626
KRAFT FOODS INC                CL A           50075N104          871    25,600  X                                             25,600
KRISPY KREME DOUGHNUTS INC     COM            501014104          455    10,300  X                                             10,300
KROGER CO                      COM            501044101       10,230   490,162  X                                            490,162



                                       9


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
KRONOS INC                     COM            501052104          593    12,250  X                                             12,250
LNR PPTY CORP                  COM            501940100          976    31,300  X                                             31,300
LSI LOGIC CORP                 COM            502161102        1,756   111,290  X                                            111,290
L-3 COMMUNICATIONS HLDGS INC   COM            502424104        3,591    39,900  X                                             39,900
LABORATORY CORP AMER HLDGS     COM NEW        50540R409        2,417    29,900  X                                             29,900
LABRANCHE & CO INC             COM            505447102          376    10,900  X                                             10,900
LAFARGE NORTH AMERICA INC      COM            505862102        1,236    32,900  X                                             32,900
LAM RESEARCH CORP              COM            512807108        3,012   129,700  X                                            129,700
LANDAUER INC                   COM            51476K103        1,557    46,000  X                                             46,000
LATTICE SEMICONDUCTOR CORP     COM            518415104        1,084    52,700  X                                             52,700
LAUDER ESTEE COS INC           CL A           518439104        2,206    68,800  X                                             68,800
LEAR CORP                      COM            521865105        2,109    55,300  X                                             55,300
LEGGETT & PLATT INC            COM            524660107          892    38,796  X                                             38,796
LEHMAN BROS HLDGS INC          COM            524908100       22,814   341,531  X                                            341,531
LEVEL 3 COMMUNICATIONS INC     COM            52729N100          267    53,300  X                                             53,300
LEXMARK INTL NEW               CL A           529771107        7,694   130,414  X                                            130,414
LIBERTY MEDIA CORP NEW         COM SER A      530718105        8,046   574,728  X                                            574,728
LILLY ELI & CO                 COM            532457108       56,747   722,524  X                                            722,524
LIMITED INC                    COM            532716107        1,505   102,272  X                                            102,272
LINCARE HLDGS INC              COM            532791100        1,619    56,500  X                                             56,500
LINCOLN NATL CORP IND          COM            534187109        1,805    37,156  X                                             37,156
LINEAR TECHNOLOGY CORP         COM            535678106        7,639   195,674  X                                            195,674
LIZ CLAIBORNE INC              COM            539320101          516    10,373  X                                             10,373
LOCKHEED MARTIN CORP           COM            539830109       11,926   255,548  X                                            255,548
LOEWS CORP                     COM            540424108        8,425   152,137  X                                            152,137
LOUISIANA PAC CORP             COM            546347105          125    14,765  X                                             14,765
LOWES COS INC                  COM            548661107       33,574   723,415  X                                            723,415
LUBRIZOL CORP                  COM            549271104          614    17,500  X                                             17,500
LUCENT TECHNOLOGIES INC        COM            549463107       15,850 2,515,911  X                                          2,515,911
M & T BK CORP                  COM            55261F104        4,021    55,200  X                                             55,200
MBIA INC                       COM            55262C100        8,487   158,252  X                                            158,252
MBNA CORP                      COM            55262L100       19,820   563,061  X                                            563,061
MGIC INVT CORP WIS             COM            552848103        3,278    53,105  X                                             53,105
MACROVISION CORP               COM            555904101          363    10,300  X                                             10,300
MANOR CARE INC NEW             COM            564055101        1,472    62,078  X                                             62,078
MANPOWER INC                   COM            56418H100          556    16,500  X                                             16,500
MANUGISTICS GROUP INC          COM            565011103          268    12,700  X                                             12,700
MARSH & MCLENNAN COS INC       COM            571748102       18,134   168,765  X                                            168,765
MARSHALL & ILSLEY CORP         COM            571834100        6,366   100,600  X                                            100,600
MARRIOTT INTL INC NEW          CL A           571903202        4,604   113,250  X                                            113,250
MASCO CORP                     COM            574599106        3,998   163,168  X                                            163,168
MATTEL INC                     COM            577081102        6,603   383,878  X                                            383,878
MAXIM INTEGRATED PRODS INC     COM            57772K101       14,146   269,394  X                                            269,394
MAXTOR CORP                    COM NEW        577729205          123    19,400  X                                             19,400
MAY DEPT STORES CO             COM            577778103        2,915    78,835  X                                             78,835
MAYTAG CORP                    COM            578592107          783    25,225  X                                             25,225
MCCORMICK & CO INC             COM NON VTG    579780206        1,477    35,200  X                                             35,200
MCDATA CORP                    CL A           580031201          497    20,303  X                                             20,303
MCDONALDS CORP                 COM            580135101       12,032   454,561  X                                            454,561
MCGRAW HILL COS INC            COM            580645109        3,510    57,553  X                                             57,553
MCKESSON CORP                  COM            58155Q103        5,556   148,560  X                                            148,560
MCLEODUSA INC                  CL A           582266102           13    35,800  X                                             35,800
MEAD CORP                      COM            582834107        1,845    59,734  X                                             59,734
MEDAREX INC                    COM            583916101          327    18,200  X                                             18,200



                                       10


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
MEDIA GEN INC                  CL A           584404107        1,933    38,800  X                                             38,800
MEDICIS PHARMACEUTICAL CORP    CL A NEW       584690309        1,589    24,600  X                                             24,600
MEDIMMUNE INC                  COM            584699102        8,215   177,244  X                                            177,244
MEDTRONIC INC                  COM            585055106       34,373   671,219  X                                            671,219
MELLON FINL CORP               COM            58551A108       11,528   306,439  X                                            306,439
MENTOR GRAPHICS CORP           COM            587200106          379    16,100  X                                             16,100
MERCK & CO INC                 COM            589331107       83,248 1,415,783  X                                          1,415,783
MERCURY INTERACTIVE CORP       COM            589405109        1,945    57,238  X                                             57,238
MEREDITH CORP                  COM            589433101          327     9,182  X                                              9,182
MERRILL LYNCH & CO INC         COM            590188108       27,249   522,810  X                                            522,810
METLIFE INC                    COM            59156R108       11,425   360,646  X                                            360,646
METRIS COS INC                 COM            591598107          216     8,400  X                                              8,400
METROMEDIA FIBER NETWORK INC   CL A           591689104           13    30,600  X                                             30,600
METTLER TOLEDO INTERNATIONAL   COM            592688105          410     7,900  X                                              7,900
MICREL INC                     COM            594793101          522    19,900  X                                             19,900
MICROSOFT CORP                 COM            594918104      276,952 4,180,414  X                                          4,180,414
MICROCHIP TECHNOLOGY INC       COM            595017104        3,591    92,700  X                                             92,700
MICROMUSE INC                  COM            595094103          276    18,400  X                                             18,400
MICRON TECHNOLOGY INC          COM            595112103        6,460   208,390  X                                            208,390
MICROSEMI CORP                 COM            595137100        2,278    76,700  X                                             76,700
MILLENNIUM PHARMACEUTICALS INC COM            599902103        1,556    63,500  X                                             63,500
MILLER HERMAN INC              COM            600544100          454    19,200  X                                             19,200
MILLIPORE CORP                 COM            601073109        1,137    18,735  X                                             18,735
MINNESOTA MNG & MFG CO         COM            604059105       35,991   304,468  X                                            304,468
MIRANT CORP                    COM            604675108        1,903   118,766  X                                            118,766
MITCHELL ENERGY & DEV CORP     CL A           606592202        1,450    27,200  X                                             27,200
MOHAWK INDS INC                COM            608190104        2,124    38,700  X                                             38,700
MOLEX INC                      COM            608554101        1,341    43,314  X                                             43,314
MONSANTO CO NEW                COM            61166W101          493    14,600  X                                             14,600
MOODYS CORP                    COM            615369105        4,113   103,193  X                                            103,193
MORGAN STANLEY DEAN WITTER&CO  COM NEW        617446448       37,663   673,284  X                                            673,284
MOTOROLA INC                   COM            620076109       20,836 1,387,218  X                                          1,387,218
MURPHY OIL CORP                COM            626717102        8,984   106,900  X                                            106,900
MYLAN LABS INC                 COM            628530107        4,654   124,100  X                                            124,100
MYRIAD GENETICS INC            COM            62855J104          311     5,900  X                                              5,900
NCR CORP NEW                   COM            62886E108        5,371   145,712  X                                            145,712
NRG ENERGY INC                 COM            629377102          538    34,700  X                                             34,700
NABORS INDS INC                COM            629568106        2,737    79,723  X                                             79,723
NATIONAL CITY CORP             COM            635405103       14,808   506,442  X                                            506,442
NATIONAL COMMERCE FINL CORP    COM            63545P104          286    11,300  X                                             11,300
NATIONAL FUEL GAS CO N J       COM            636180101          225     9,100  X                                              9,100
NATIONAL INSTRS CORP           COM            636518102          273     7,300  X                                              7,300
NATIONAL-OILWELL INC           COM            637071101          416    20,200  X                                             20,200
NATIONAL SEMICONDUCTOR CORP    COM            637640103        2,841    92,279  X                                             92,279
NATIONWIDE HEALTH PPTYS INC    COM            638620104        1,368    73,200  X                                             73,200
NAVISTAR INTL CORP NEW         COM            63934E108        2,916    73,833  X                                             73,833
NETWORKS ASSOCS INC            COM            640938106        2,288    88,500  X                                             88,500
NETWORK APPLIANCE INC          COM            64120L104        3,773   172,541  X                                            172,541
NEUBERGER BERMAN INC           COM            641234109        1,673    38,100  X                                             38,100
NEW YORK TIMES CO              CL A           650111107        1,293    29,889  X                                             29,889
NEWELL RUBBERMAID INC          COM            651229106        1,433    51,981  X                                             51,981
NEWFIELD EXPL CO               COM            651290108          316     8,900  X                                              8,900
NEWMONT MINING CORP            COM            651639106        1,997   104,490  X                                            104,490
NEWPORT NEWS SHIPBUILDING INC  COM            652228107        3,821    53,630  X                                             53,630



                                       11


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
NEXTEL COMMUNICATIONS INC      CL A           65332V103        3,387   308,989  X                                            308,989
NIAGARA MOHAWK HLDGS INC       COM            653520106        1,590    89,654  X                                             89,654
NICOR INC                      COM            654086107          742    17,817  X                                             17,817
NIKE INC                       CL B           654106103        4,251    75,589  X                                             75,589
99 CENTS ONLY STORES           COM            65440K106        1,714    44,800  X                                             44,800
NISOURCE INC                   COM            65473P105        2,586   112,147  X                                            112,147
NOKIA CORP                     SPONSORED ADR  654902204        9,979   406,800  X                                            406,800
NOBLE DRILLING CORP            COM            655042109        1,643    48,273  X                                             48,273
NORDSTROM INC                  COM            655664100          502    24,839  X                                             24,839
NORFOLK SOUTHERN CORP          COM            655844108        1,394    76,050  X                                             76,050
NORTEL NETWORKS CORP NEW       COM            656568102        8,826 1,183,099  X                                          1,183,099
NORTH FORK BANCORPORATION NY   COM            659424105        1,568    49,000  X                                             49,000
NORTHERN TR CORP               COM            665859104        5,725    95,060  X                                             95,060
NORTHROP GRUMMAN CORP          COM            666807102       13,606   134,969  X                                            134,969
NOVELL INC                     COM            670006105          234    51,057  X                                             51,057
NOVELLUS SYS INC               COM            670008101        3,698    93,732  X                                             93,732
NSTAR                          COM            67019E107        1,413    31,500  X                                             31,500
NUCOR CORP                     COM            670346105        2,671    50,427  X                                             50,427
NVIDIA CORP                    COM            67066G104       11,042   165,051  X                                            165,051
OM GROUP INC                   COM            670872100        1,800    27,200  X                                             27,200
OSI PHARMACEUTICALS INC        COM            671040103          398     8,700  X                                              8,700
OCCIDENTAL PETE CORP DEL       COM            674599105        6,917   260,711  X                                            260,711
OCEAN ENERGY INC DEL           COM            674812201        1,407    73,300  X                                             73,300
OFFICE DEPOT INC               COM            676220106        2,516   135,732  X                                            135,732
OMNICOM GROUP INC              COM            681919106       11,461   128,267  X                                            128,267
OMNOVA SOLUTIONS INC           COM            682129101          554    81,400  X                                             81,400
ONI SYSTEMS CORP               COM            68273F103          116    18,500  X                                             18,500
OPENWAVE SYS INC               COM            683718100          244    24,900  X                                             24,900
ORACLE CORP                    COM            68389X105       43,541 3,152,852  X                                          3,152,852
ORION PWR HLDGS INC            COM            686286105          746    28,600  X                                             28,600
ORTHODONTIC CTRS AMER INC      COM            68750P103          296     9,700  X                                              9,700
OXFORD HEALTH PLANS INC        COM            691471106        1,429    47,400  X                                             47,400
PG&E CORP                      COM            69331C108        5,392   280,227  X                                            280,227
PMC-SIERRA INC                 COM            69344F106        2,615   122,998  X                                            122,998
PMI GROUP INC                  COM            69344M101        5,703    85,100  X                                             85,100
PNC FINL SVCS GROUP INC        COM            693475105       11,370   202,320  X                                            202,320
PPG INDS INC                   COM            693506107        2,490    48,143  X                                             48,143
PPL CORP                       COM            69351T106        1,644    47,170  X                                             47,170
PACCAR INC                     COM            693718108        8,105   123,515  X                                            123,515
PACIFIC CENTY FINL CORP        COM            694058108        3,609   139,400  X                                            139,400
PACTIV CORP                    COM            695257105        1,722    97,033  X                                             97,033
PALL CORP                      COM            696429307          870    36,168  X                                             36,168
PALM INC                       COM            696642107        1,362   351,152  X                                            351,152
PANAMSAT CORP NEW              COM            697933109          223    10,200  X                                             10,200
PARAMETRIC TECHNOLOGY CORP     COM            699173100          889   113,891  X                                            113,891
PARK PL ENTMT CORP             COM            700690100          138    15,100  X                                             15,100
PARKER HANNIFIN CORP           COM            701094104        1,859    40,493  X                                             40,493
PATINA OIL & GAS CORP          COM            703224105          644    23,400  X                                             23,400
PATTERSON DENTAL CO            COM            703412106          508    12,400  X                                             12,400
PATTERSON UTI ENERGY INC       COM            703481101          392    16,800  X                                             16,800
PAYCHEX INC                    COM            704326107        6,800   195,121  X                                            195,121
PENN VA CORP                   COM            707882106          955    28,000  X                                             28,000
PENNEY J C INC                 COM            708160106        4,084   151,839  X                                            151,839
PEOPLESOFT INC                 COM            712713106        5,415   134,707  X                                            134,707



                                       12


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
PEPSI BOTTLING GROUP INC       COM            713409100        6,696   284,931  X                                            284,931
PEPSIAMERICAS INC              COM            71343P200          298    21,600  X                                             21,600
PEPSICO INC                    COM            713448108       77,666 1,595,108  X                                          1,595,108
PEREGRINE SYSTEMS INC          COM            71366Q101          629    42,400  X                                             42,400
PERFORMANCE FOOD GROUP CO      COM            713755106        1,069    30,400  X                                             30,400
PERKINELMER INC                COM            714046109        2,535    72,390  X                                             72,390
PFIZER INC                     COM            717081103      198,532 4,981,975  X                                          4,981,975
PHARMACEUTICAL PROD DEV INC    COM            717124101          310     9,600  X                                              9,600
PHARMACIA CORP                 COM            71713U102       36,610   858,378  X                                            858,378
PHELPS DODGE CORP              COM            717265102          580    17,889  X                                             17,889
PHILADELPHIA SUBN CORP         COM PAR $0.50  718009608          288    12,750  X                                             12,750
PHILIP MORRIS COS INC          COM            718154107       73,427 1,601,457  X                                          1,601,457
PHILLIPS PETE CO               COM            718507106       16,497   273,769  X                                            273,769
PINNACLE WEST CAP CORP         COM            723484101       14,629   349,568  X                                            349,568
PITNEY BOWES INC               COM            724479100        2,004    53,271  X                                             53,271
PIXAR                          COM            725811103        1,079    30,000  X                                             30,000
PLACER DOME INC                COM            725906101          507    46,464  X                                             46,464
PLANTRONICS INC NEW            COM            727493108        1,623    63,300  X                                             63,300
PLUM CREEK TIMBER CO INC       COM            729251108        2,782    98,123  X                                             98,123
POLO RALPH LAUREN CORP         CL A           731572103          313    11,700  X                                             11,700
POLYCOM INC                    COM            73172K104        2,194    64,400  X                                             64,400
POPULAR INC                    COM            733174106          963    33,100  X                                             33,100
POTASH CORP SASK INC           COM            73755L107        1,105    18,000  X                                             18,000
POWER-ONE INC                  COM            739308104          269    25,868  X                                             25,868
PRAXAIR INC                    COM            74005P104        7,470   135,211  X                                            135,211
PRICE T ROWE GROUP INC         COM            74144T108          811    23,352  X                                             23,352
PRIDE INTL INC DEL             COM            74153Q102          329    21,800  X                                             21,800
PRIMEDIA INC                   COM            74157K101          272    62,600  X                                             62,600
PROCTER & GAMBLE CO            COM            742718109       79,070   999,241  X                                            999,241
PROGRESS ENERGY INC            COM            743263105        3,809    84,588  X                                             84,588
PROGRESSIVE CORP OHIO          COM            743315103        6,472    43,346  X                                             43,346
PROTEIN DESIGN LABS INC        COM            74369L103          722    22,000  X                                             22,000
PROVIDIAN FINL CORP            COM            74406A102          798   224,799  X                                            224,799
PUBLIC SVC ENTERPRISE GROUP    COM            744573106        1,732    41,052  X                                             41,052
PUBLIC STORAGE INC             COM            74460D109        1,680    50,300  X                                             50,300
PULTE HOMES INC                COM            745867101          491    10,992  X                                             10,992
QLOGIC CORP                    COM            747277101        5,813   130,608  X                                            130,608
QUALCOMM INC                   COM            747525103       34,418   681,535  X                                            681,535
QUANTUM CORP                   COM DSSG       747906204        2,027   205,800  X                                            205,800
QUEST DIAGNOSTICS INC          COM            74834L100        2,395    33,400  X                                             33,400
QUEST SOFTWARE INC             COM            74834T103          263    11,900  X                                             11,900
QUESTAR CORP                   COM            748356102          917    36,600  X                                             36,600
QUINTILES TRANSNATIONAL CORP   COM            748767100          534    33,282  X                                             33,282
QWEST COMMUNICATIONS INTL INC  COM            749121109        9,272   656,174  X                                            656,174
RSA SEC INC                    COM            749719100        1,367    78,300  X                                             78,300
RF MICRODEVICES INC            COM            749941100          640    33,300  X                                             33,300
RADIAN GROUP INC               COM            750236101        1,864    43,400  X                                             43,400
RADIOSHACK CORP                COM            750438103        2,167    71,987  X                                             71,987
RATIONAL SOFTWARE CORP         COM NEW        75409P202          946    48,500  X                                             48,500
RAYTHEON CO                    COM NEW        755111507        2,482    76,448  X                                             76,448
REALNETWORKS INC               COM            75605L104          131    22,100  X                                             22,100
REDBACK NETWORKS INC           COM            757209101          129    32,700  X                                             32,700
REEBOK INTL LTD                COM            758110100          295    11,132  X                                             11,132
REGIONS FINL CORP              COM            758940100        3,874   129,379  X                                            129,379



                                       13


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
RELIANT ENERGY INC             COM            75952J108        1,551    58,500  X                                             58,500
RESMED INC                     COM            761152107        2,723    50,500  X                                             50,500
RETEK INC                      COM            76128Q109        1,789    59,900  X                                             59,900
REYNOLDS & REYNOLDS CO         CL A           761695105          822    33,900  X                                             33,900
REYNOLDS R J TOB HLDGS INC     COM            76182K105        1,216    21,600  X                                             21,600
RITE AID CORP                  COM            767754104          342    67,500  X                                             67,500
RIVERSTONE NETWORKS INC        COM            769320102          391    23,537  X                                             23,537
ROBERT HALF INTL INC           COM            770323103        1,694    63,447  X                                             63,447
ROCKWELL INTL CORP NEW         COM            773903109        1,483    83,016  X                                             83,016
ROCKWELL COLLINS INC           COM            774341101        1,047    53,716  X                                             53,716
ROHM & HAAS CO                 COM            775371107        4,683   135,233  X                                            135,233
ROSS STORES INC                COM            778296103        2,935    91,500  X                                             91,500
ROWAN COS INC                  COM            779382100          648    33,450  X                                             33,450
ROYAL DUTCH PETE CO            NY REG GLD1.25 780257804       19,184   391,349  X                                            391,349
SBC COMMUNICATIONS INC         COM            78387G103       90,379 2,307,349  X                                          2,307,349
SEI INVESTMENTS CO             COM            784117103        1,060    23,500  X                                             23,500
SPS TECHNOLOGIES INC           COM            784626103          625    17,900  X                                             17,900
SPX CORP                       COM            784635104          507     3,700  X                                              3,700
SABRE HLDGS CORP               CL A           785905100        2,218    52,368  X                                             52,368
SAFECO CORP                    COM            786429100          787    25,259  X                                             25,259
SAFEWAY INC                    COM NEW        786514208       14,632   350,468  X                                            350,468
ST JUDE MED INC                COM            790849103       12,448   160,305  X                                            160,305
ST PAUL COS INC                COM            792860108        3,676    83,605  X                                             83,605
SANDISK CORP                   COM            80004C101          166    11,500  X                                             11,500
SANMINA SCI CORP               COM            800907107        4,183   210,210  X                                            210,210
SAPIENT CORP                   COM            803062108          139    17,969  X                                             17,969
SARA LEE CORP                  COM            803111103        6,740   303,192  X                                            303,192
SCANA CORP NEW                 COM            80589M102        1,091    39,200  X                                             39,200
SCHERING PLOUGH CORP           COM            806605101       39,992 1,116,792  X                                          1,116,792
SCHLUMBERGER LTD               COM            806857108        8,954   162,955  X                                            162,955
SCHWAB CHARLES CORP NEW        COM            808513105       13,333   861,869  X                                            861,869
SCIENTIFIC ATLANTA INC         COM            808655104        3,167   132,274  X                                            132,274
SCRIPPS E W CO OHIO            CL A           811054204        1,010    15,300  X                                             15,300
SEALED AIR CORP NEW            COM            81211K100        1,301    31,879  X                                             31,879
SEARS ROEBUCK & CO             COM            812387108       17,208   361,215  X                                            361,215
SECURITY CAP GROUP INC         CL B           81413P204          231     9,100  X                                              9,100
SEMTECH CORP                   COM            816850101        5,022   140,700  X                                            140,700
SEMPRA ENERGY                  COM            816851109        1,098    44,744  X                                             44,744
SEPRACOR INC                   COM            817315104        4,416    77,400  X                                             77,400
SERVICE CORP INTL              COM            817565104           81    16,300  X                                             16,300
SERVICEMASTER CO               COM            81760N109          461    33,400  X                                             33,400
SHAW GROUP INC                 COM            820280105          240    10,200  X                                             10,200
SHERWIN WILLIAMS CO            COM            824348106        2,826   102,761  X                                            102,761
SICOR INC                      COM            825846108          223    14,200  X                                             14,200
SIEBEL SYS INC                 COM            826170102        8,410   300,558  X                                            300,558
SIGMA ALDRICH CORP             COM            826552101        1,421    36,053  X                                             36,053
SIMON PPTY GROUP INC NEW       COM            828806109          208     7,100  X                                              7,100
SKYWEST INC                    COM            830879102          260    10,200  X                                             10,200
SMITH INTL INC                 COM            832110100          665    12,400  X                                             12,400
SMITHFIELD FOODS INC           COM            832248108        1,159    52,600  X                                             52,600
SMURFIT-STONE CONTAINER CORP   COM            832727101          251    15,700  X                                             15,700
SNAP ON INC                    COM            833034101          386    11,456  X                                             11,456
SOLECTRON CORP                 COM            834182107        3,109   275,617  X                                            275,617
SOLUTIA INC                    COM            834376105          456    32,500  X                                             32,500



                                       14


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
SONUS NETWORKS INC             COM            835916107          177    38,300  X                                             38,300
SOUTHERN CO                    COM            842587107        8,807   347,421  X                                            347,421
SOUTHTRUST CORP                COM            844730101       14,773   598,830  X                                            598,830
SOUTHWEST AIRLS CO             COM            844741108       12,919   699,073  X                                            699,073
SOUTHWEST GAS CORP             COM            844895102        1,377    61,600  X                                             61,600
SOVEREIGN BANCORP INC          COM            845905108          168    13,700  X                                             13,700
SOVRAN SELF STORAGE INC        COM            84610H108        2,738    87,900  X                                             87,900
SPRINT CORP                    COM FON GROUP  852061100        7,693   383,126  X                                            383,126
SPRINT CORP                    PCS COM SER 1  852061506       15,551   637,087  X                                            637,087
STANLEY WKS                    COM            854616109        2,226    47,802  X                                             47,802
STAPLES INC                    COM            855030102        2,983   159,503  X                                            159,503
STARBUCKS CORP                 COM            855244109        3,857   202,472  X                                            202,472
STARWOOD HOTELS&RESORTS WRLDWD PAIRED CTF     85590A203        1,170    39,195  X                                             39,195
STATE STR CORP                 COM            857477103        8,572   164,065  X                                            164,065
STILWELL FINL INC              COM            860831106        1,257    46,195  X                                             46,195
STORAGENETWORKS INC            COM            86211E103           91    14,700  X                                             14,700
STORAGE TECHNOLOGY CORP        COM PAR $0.10  862111200        2,879   139,300  X                                            139,300
STRYKER CORP                   COM            863667101        9,720   166,516  X                                            166,516
SUN MICROSYSTEMS INC           COM            866810104       31,683 2,575,843  X                                          2,575,843
SUNGARD DATA SYS INC           COM            867363103        4,658   161,000  X                                            161,000
SUNOCO INC                     COM            86764P109        3,274    87,675  X                                             87,675
SUNTRUST BKS INC               COM            867914103       15,948   254,351  X                                            254,351
SUPERVALU INC                  COM            868536103        2,766   125,025  X                                            125,025
SYBASE INC                     COM            871130100          355    22,500  X                                             22,500
SYCAMORE NETWORKS INC          COM            871206108          147    27,500  X                                             27,500
SYMANTEC CORP                  COM            871503108        1,154    17,400  X                                             17,400
SYMBOL TECHNOLOGIES INC        COM            871508107        1,423    89,631  X                                             89,631
SYNOPSYS INC                   COM            871607107        4,159    70,400  X                                             70,400
SYNOVUS FINL CORP              COM            87161C105        3,561   142,141  X                                            142,141
SYSCO CORP                     COM            871829107        9,973   380,348  X                                            380,348
TCF FINL CORP                  COM            872275102        5,489   114,400  X                                            114,400
TECO ENERGY INC                COM            872375100        1,163    44,318  X                                             44,318
TJX COS INC NEW                COM            872540109       19,327   484,863  X                                            484,863
TRW INC                        COM            872649108        1,426    38,498  X                                             38,498
TMP WORLDWIDE INC              COM            872941109        1,549    36,112  X                                             36,112
TXU CORP                       COM            873168108       17,206   364,911  X                                            364,911
TAIWAN SEMICONDUCTOR MFG LTD   SPONSORED ADR  874039100        2,660   154,900  X                                            154,900
TALBOTS INC                    COM            874161102          366    10,100  X                                             10,100
TARGET CORP                    COM            87612E106       25,586   623,281  X                                            623,281
TECH DATA CORP                 COM            878237106        1,774    41,000  X                                             41,000
TEKELEC                        COM            879101103          210    11,600  X                                             11,600
TEKTRONIX INC                  COM            879131100          464    17,985  X                                             17,985
TELEFLEX INC                   COM            879369106          724    15,300  X                                             15,300
TELEPHONE & DATA SYS INC       COM            879433100        6,561    73,100  X                                             73,100
TELLABS INC                    COM            879664100        3,872   258,807  X                                            258,807
TEMPLE INLAND INC              COM            879868107          967    17,053  X                                             17,053
TENET HEALTHCARE CORP          COM            88033G100       27,765   472,838  X                                            472,838
TERADYNE INC                   COM            880770102        3,913   129,818  X                                            129,818
TEXAS INSTRS INC               COM            882508104       30,161 1,077,183  X                                          1,077,183
TEXTRON INC                    COM            883203101        2,117    51,059  X                                             51,059
THERMO ELECTRON CORP           COM            883556102        1,172    49,100  X                                             49,100
THOMAS & BETTS CORP            COM            884315102          631    29,820  X                                             29,820
THOMAS INDS INC                COM            884425109          900    36,000  X                                             36,000
3COM CORP                      COM            885535104          280    43,900  X                                             43,900



                                       15


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
TIBCO SOFTWARE INC             COM            88632Q103          208    13,900  X                                             13,900
TIDEWATER INC                  COM            886423102          346    10,200  X                                             10,200
TIFFANY & CO NEW               COM            886547108        1,872    59,473  X                                             59,473
TIME WARNER TELECOM INC        CL A           887319101          317    17,900  X                                             17,900
TOOTSIE ROLL INDS INC          COM            890516107          508    13,000  X                                             13,000
TORCHMARK CORP                 COM            891027104        7,648   194,467  X                                            194,467
TOTAL SYS SVCS INC             COM            891906109          316    14,900  X                                             14,900
TOYS R US INC                  COM            892335100        2,886   139,143  X                                            139,143
TRANSKARYOTIC THERAPIES INC    COM            893735100        1,177    27,500  X                                             27,500
TRANSMETA CORP DEL             COM            89376R109           56    24,300  X                                             24,300
TRIAD HOSPITALS INC            COM            89579K109          223     7,600  X                                              7,600
TRICON GLOBAL RESTAURANTS      COM            895953107        3,364    68,378  X                                             68,378
TRIBUNE CO NEW                 COM            896047107        3,271    87,390  X                                             87,390
TRIQUINT SEMICONDUCTOR INC     COM            89674K103          242    19,700  X                                             19,700
TRITON PCS HLDGS INC           CL A           89677M106          255     8,700  X                                              8,700
TRUSTMARK CORP                 COM            898402102        1,536    63,400  X                                             63,400
TYCO INTL LTD NEW              COM            902124106       57,018   968,041  X                                            968,041
TYSON FOODS INC                CL A           902494103          142    12,281  X                                             12,281
UCAR INTL INC                  COM            90262K109          114    10,700  X                                             10,700
USX MARATHON GROUP             COM NEW        902905827        4,426   147,547  X                                            147,547
UST INC                        COM            902911106       12,144   346,973  X                                            346,973
US BANCORP DEL                 COM NEW        902973304        9,105   435,014  X                                            435,014
USA NETWORKS INC               COM            902984103          675    24,700  X                                             24,700
USX-U S STL                    COM            90337T101          628    34,679  X                                             34,679
USA ED INC                     COM            90390U102       15,681   186,639  X                                            186,639
ULTRAMAR DIAMOND SHAMROCK CORP COM            904000106        3,850    77,800  X                                             77,800
UNILEVER N V                   N Y SHS NEW    904784709       11,091   192,519  X                                            192,519
UNION PAC CORP                 COM            907818108        7,953   139,524  X                                            139,524
UNION PLANTERS CORP            COM            908068109        3,046    67,492  X                                             67,492
UNIONBANCAL CORP               COM            908906100       10,135   266,700  X                                            266,700
UNISYS CORP                    COM            909214108          833    66,465  X                                             66,465
UNITED PARCEL SERVICE INC      CL B           911312106        3,766    69,100  X                                             69,100
UNITED STATES CELLULAR CORP    COM            911684108        1,186    26,200  X                                             26,200
US AIRWAYS GROUP INC           COM            911905107          105    16,629  X                                             16,629
UNITED TECHNOLOGIES CORP       COM            913017109       26,880   415,901  X                                            415,901
UNITEDHEALTH GROUP INC         COM            91324P102       28,024   395,983  X                                            395,983
UNITRIN INC                    COM            913275103        3,335    84,400  X                                             84,400
UNIVERSAL HLTH SVCS INC        CL B           913903100        5,108   119,400  X                                            119,400
UNIVISION COMMUNICATIONS INC   CL A           914906102        2,903    71,746  X                                             71,746
UNOCAL CORP                    COM            915289102        1,898    52,616  X                                             52,616
UNUMPROVIDENT CORP             COM            91529Y106        1,552    58,530  X                                             58,530
V F CORP                       COM            918204108        1,693    43,402  X                                             43,402
VALERO ENERGY CORP NEW         COM            91913Y100          210     5,500  X                                              5,500
VALLEY NATL BANCORP            COM            919794107        1,997    60,600  X                                             60,600
VALSPAR CORP                   COM            920355104        1,901    48,000  X                                             48,000
VARCO INTL INC DEL             COM            922122106          217    14,500  X                                             14,500
VARIAN MED SYS INC             COM            92220P105        3,741    52,500  X                                             52,500
VECTREN CORP                   COM            92240G101        1,185    49,400  X                                             49,400
VERISIGN INC                   COM            92343E102        1,936    50,900  X                                             50,900
VERIZON COMMUNICATIONS         COM            92343V104       78,985 1,664,235  X                                          1,664,235
VERITAS SOFTWARE CO            COM            923436109       14,995   334,485  X                                            334,485
VERTEX PHARMACEUTICALS INC     COM            92532F100          498    20,248  X                                             20,248
VIACOM INC                     CL A           925524100        4,208    95,100  X                                             95,100
VIACOM INC                     CL B           925524308       39,273   889,547  X                                            889,547



                                       16


                       VERIZON INVESTMENT MANAGEMENT CORP.
                     FORM 13F - SOLE INSTR V. NONE AUTHORITY
                                DECEMBER 31, 2001



           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
                                                                                          
VIGNETTE CORP                  COM            926734104          189    35,200  X                                             35,200
VISTEON CORP                   COM            92839U107          390    25,905  X                                             25,905
VITESSE SEMICONDUCTOR CORP     COM            928497106        1,116    89,767  X                                             89,767
VIVENDI UNIVERSAL              SPON ADR NEW   92851S204          651    12,100  X                                             12,100
VODAFONE GROUP PLC NEW         SPONSORED ADR  92857W100        2,822   109,900  X                                            109,900
VULCAN MATLS CO                COM            929160109        3,671    76,573  X                                             76,573
WACHOVIA CORP 2ND NEW          COM            929903102       13,892   442,984  X                                            442,984
WADDELL & REED FINL INC        CL A           930059100          737    22,900  X                                             22,900
WAL MART STORES INC            COM            931142103      164,008 2,849,843  X                                          2,849,843
WALGREEN CO                    COM            931422109       25,325   752,382  X                                            752,382
WASHINGTON MUT INC             COM            939322103       23,012   703,721  X                                            703,721
WASHINGTON POST CO             CL B           939640108          636     1,200  X                                              1,200
WASTE MGMT INC DEL             COM            94106L109       11,869   371,964  X                                            371,964
WATERS CORP                    COM            941848103        3,077    79,400  X                                             79,400
WATSON PHARMACEUTICALS INC     COM            942683103        1,902    60,605  X                                             60,605
WEATHERFORD INTL INC           COM            947074100        2,433    65,300  X                                             65,300
WEBMD CORP                     COM            94769M105          232    32,800  X                                             32,800
WELLPOINT HEALTH NETWORK NEW   COM            94973H108       11,362    97,236  X                                             97,236
WELLS FARGO & CO NEW           COM            949746101       25,906   595,949  X                                            595,949
WENDYS INTL INC                COM            950590109          571    19,559  X                                             19,559
WESTERN WIRELESS CORP          CL A           95988E204          463    16,400  X                                             16,400
WESTVACO CORP                  COM            961548104        2,407    84,615  X                                             84,615
WESTWOOD ONE INC               COM            961815107        2,759    91,800  X                                             91,800
WEYERHAEUSER CO                COM            962166104        5,547   102,576  X                                            102,576
WHIRLPOOL CORP                 COM            963320106        3,757    51,229  X                                             51,229
WHOLE FOODS MKT INC            COM            966837106        5,367   123,200  X                                            123,200
WILLAMETTE INDS INC            COM            969133107        1,319    25,300  X                                             25,300
WILLIAMS COMMUNICATIONS GROUP  CL A           969455104           60    25,700  X                                             25,700
WILLIAMS COS INC DEL           COM            969457100        4,717   184,829  X                                            184,829
WILLIAMS SONOMA INC            COM            969904101          476    11,100  X                                             11,100
WIND RIVER SYSTEMS INC         COM            973149107          283    15,800  X                                             15,800
WINN DIXIE STORES INC          COM            974280109          371    26,042  X                                             26,042
WISCONSIN ENERGY CORP          COM            976657106        9,758   432,550  X                                            432,550
WORLDCOM INC GA NEW            WRLDCOM GP COM 98157D106       18,160 1,289,792  X                                          1,289,792
WORLDCOM INC GA NEW            MCI GROUP COM  98157D304          557    43,824  X                                             43,824
WORTHINGTON INDS INC           COM            981811102          781    55,016  X                                             55,016
WRIGLEY WM JR CO               COM            982526105        4,254    82,820  X                                             82,820
XTO ENERGY CORP                COM            98385X106        1,092    62,400  X                                             62,400
XCEL ENERGY INC                COM            98389B100        9,278   334,469  X                                            334,469
XILINX INC                     COM            983919101        6,268   160,509  X                                            160,509
XEROX CORP                     COM            984121103        3,100   297,504  X                                            297,504
YAHOO INC                      COM            984332106        3,904   220,095  X                                            220,095
ZEBRA TECHNOLOGIES CORP        CL A           989207105        3,580    64,500  X                                             64,500
ZIMMER HLDGS INC               COM            98956P102        2,605    85,315  X                                             85,315
ZIONS BANCORPORATION           COM            989701107          951    18,093  X                                             18,093

GRAND TOTAL                                                7,708,819



                                       17