UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: PARAMOUNT CAPITAL ASSET MANAGEMENT, INC.
Address: 787 Seventh Avenue, 48th Floor, New York, New York 10019
13F File Number:
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: Lindsay A. Rosenwald, M.D.
Title: Chairman of Paramount Capital Asset Management, Inc., the investment
manager of The Aries Master Fund, a Cayman Island exempted company and
the General Partner of the Aries Domestic Fund, L.P.
Phone: (212) 554-4300
Signature, Place, and Date of Signing:
/s/ Lindsay A. Rosenwald, M.D.
- --------------------------------------------------------------------------------
New York, New York
May 12, 2000
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT.
|_| 13F NOTICE.
|_| 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
No. 1 The Aries Master Fund II, a Cayman Island Exempted Company
- --------------------------------------------------------------------------------
No. 2 Aries Domestic Fund, L.P.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Pursuant to General Instruction 2 to Form 13F, the securities over which The
Aries Master Fund exercises investment discretion and over which Aries Domestic
Fund, L.P. exercises investment discretion are reported on its behalf on this
Form 13F-HR.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 343
Form 13F Information Table Value Total: $1,112,464.42
List of Other Included Managers:
No. 13F File Number Name
No. 1 The Aries Master Fund II, a Cayman Island
Exempted Company
No. 2 Aries Domestic Fund, L.P.
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abgenix, Inc Common 00339B107 $13.26 96 SH X No. 2 X
$28.32 205 SH X No. 1 X
$1.66 12 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
American Craft
Brewing-Warrants Common warrants $0.47 15,000 SH X No. 2 X
$1.09 35,000 SH X No. 1 X
$0.00 0 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Abbot Laboratories Common 002824100 $186.74 5,307 SH X No. 2 X
$378.79 10,765 SH X No. 1 X
$32.65 928 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Andrx Corp. Common 34551101 $40,710.05 352,468 SH X No. 2 X
$87,791.55 760,100 SH X No. 1 X
$6,288.17 54,443 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Affymetrix Inc. Common 00826T108 $299.25 2,016 SH X No. 2 X
$1,585.31 10,680 SH X No. 1 X
$45.42 306 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Antigenics, Inc Common 037032109 $125.06 6,138 SH X No. 2 X
$272.07 13,353 SH X No. 1 X
$20.56 1,009 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
American Home
Products Corp. Common 26609107 $38.27 712 SH X No. 2 X
$65.84 1,225 SH X No. 1 X
$3.39 63 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Autoimmune Common 052776101 $15.92 7,077 SH X No. 2 X
$32.60 14,490 SH X No. 1 X
$4.35 1,932 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Algos Pharmaceuticals
Corp. Common 015869100 $897.55 62,438 SH X No. 2 X
$1,896.77 131,949 SH X No. 1 X
$145.37 10,113 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Alkermes Common 01642T108 $319.03 3,449 SH X No. 2 X
$669.52 7,238 SH X No. 1 X
$48.10 520 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Amgen Common 031162100 $11,840.71 192,924 SH X No. 2 X
$24,846.56 404,832 SH X No. 1 X
$1,789.88 29,163 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Angiotech Pharma Inc Common 034918102 $12.24 308 SH X No. 2 X
$25.64 645 SH X No. 1 X
$1.87 47 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Antennas America Inc Common 036727105 $94.41 54,932 SH X No. 2 X
$149.52 86,992 SH X No. 1 X
$13.88 8,076 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Advanced Photonix Inc. Common $32.06 7,434 SH X No. 2 X
$71.10 16,487 SH X No. 1 X
$4.65 1,079 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp. Common 38505103 $7,379.23 353,496 SH X No. 2 X
$15,484.53 741,774 SH X No. 1 X
$1,115.48 53,436 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Aronex Common 042666206 $1,428.03 380,809 SH X No. 2 X
$2,996.55 799,081 SH X No. 1 X
$215.84 57,556 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Arqule Inc. Common 04269E107 $316.45 23,441 SH X No. 2 X
$688.96 51,034 SH X No. 1 X
$54.34 4,025 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Astea International
Inc. Common 04622E109 $134.04 34,592 SH X No. 2 X
$326.26 84,195 SH X No. 1 X
$24.85 6,413 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Avant Immunothera-
peutics-warrants Common warrants 053491106 $0.11 20 SH X No. 2 X
$0.11 20 SH X No. 1 X
$0.00 0 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Avax Technologies Common 053495305 $1,419.93 123,472 SH X No. 2 X
$3,530.67 307,015 SH X No. 1 X
$222.28 19,329 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Avigen, Inc. Common 053690103 $8,452.87 190,219 SH X No. 2 X
$18,287.50 411,533 SH X No. 1 X
$1,273.35 28,655 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Aviron Common 053762100 $1,447.14 52,032 SH X No. 2 X
$3,036.68 109,184 SH X No. 1 X
$218.75 7,865 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Axys Pharmaceuticals Common 054635107 $736.40 95,792 SH X No. 2 X
$1,553.83 202,124 SH X No. 1 X
$123.65 16,084 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Talisman Enterprises,
Inc. Common 874254204 $7.82 3,051 SH X No. 2 X
$16.64 6,492 SH X No. 1 X
$1.17 457 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Brantley Capital Corp Common 105494108 $54.40 5,060 SH X No. 2 X
$117.73 10,952 SH X No. 1 X
$10.62 988 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biotech Holders Trust Common 09067D201 $5,528.75 32,618 SH X No. 2 X
$11,602.44 68,451 SH X No. 1 X
$835.80 4,931 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biochem Pharma Inc. Common 095T108 $372.08 16,817 SH X No. 2 X
$850.24 38,429 SH X No. 1 X
$58.70 2,653 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biocryst Pharma Inc. Common 09058V103 $5,187.14 189,918 SH X No. 2 X
$10,884.58 398,520 SH X No. 1 X
$784.11 28,709 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biogen Common 090597105 $3,505.00 50,161 SH X No. 2 X
$7,354.76 105,256 SH X No. 1 X
$529.86 7,583 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biotransplant, Inc. Common 09066Y107 $1,769.78 165,593 SH X No. 2 X
$4,397.88 411,498 SH X No. 1 X
$137.96 12,909 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Ballard Power Systems,
Inc Common 05858H104 $20.53 243 SH X No. 2 X
$43.86 519 SH X No. 1 X
$3.21 38 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Bristol Myers Squibb Co. Common 110122108 $357.05 6,156 SH X No. 2 X
$748.95 12,913 SH X No. 1 X
$54.00 931 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Biopure Corporation Common 09065H105 $0.00 0 SH X No. 2 X
$0.00 0 SH X No. 1 X
$13.39 402 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Care Group, Inc. Common 141653105 $0.04 100 SH X No. 2 X
$0.04 100 SH X No. 1 X
$0.00 0 SH X X
- ---------------------------------------------------------------------------------------------------------------------------------
Cell Therapeutics Inc. Common 150934107 $2,774.32 118,371 SH X No. 2 X
$5,862.73 250,143 SH X No. 1 X
$442.17 18,866 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cerus Corporation Common 157085101 $677.09 14,033 SH X No. 2 X
$1,682.62 34,873 SH X No. 1 X
$52.79 1,094 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Creative BioMolecules,
Inc. Common 225270107 $3,173.49 320,352 SH X No. 2 X
$6,659.17 672,219 SH X No. 1 X
$479.75 48,429 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cubist Pharmaceuticals Common 229678107 $100.21 2,393 SH X No. 2 X
$239.69 5,724 SH X No. 1 X
$16.04 383 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cereus Technology
Partners Inc Common 15677Q102 $159.51 7,574 SH X No. 2 X
$340.65 16,175 SH X No. 1 X
$26.35 1,251 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Chiron Common 170040109 $2,183.43 43,778 SH X No. 2 X
$4,581.97 91,869 SH X No. 1 X
$330.02 6,617 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceuticals,
Inc. Common 222116105 $119.22 3,909 SH X No. 2 X
$120.17 3,940 SH X No. 1 X
$19.86 651 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Collateral Thera, Inc. Common 193921103 $242.32 5,523 SH X No. 2 X
$580.69 13,235 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cambridge Antibody F Common 132524109 $540.07 8,505 SH X No. 2 X
$0.00 0 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Copper Mountain
Networks, Inc Common 217510106 $1,689.39 20,618 SH X No. 2 X
$3,545.11 43,266 SH X No. 1 X
$255.32 3,116 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cor Therapeutics Common 217753102 $1,072.88 16,275 SH X No. 2 X
$2,356.77 35,751 SH X No. 1 X
$163.09 2,474 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Covad Communications Common 222814204 $22.26 307 SH X No. 2 X
$50.46 696 SH X No. 1 X
$3.55 49 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Chromavision Med
Systems Inc. Common 17111P104 $11.68 766 SH X No. 2 X
$17.23 1,130 SH X No. 1 X
$1.81 119 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cygnus Therapeutics Common 232560102 $221.15 15,252 SH X No. 2 X
$475.75 32,810 SH X No. 1 X
$48.37 3,336 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Cypress Biosciences,
Inc. Common 232674101 $12,343.69 4,030,592 SH X No. 2 X
$28,892.68 9,434,343 SH X No. 1 X
$912.46 297,945 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Digital Generation
Sys Inc Common 253921100 $151.97 21,143 SH X No. 2 X
$332.06 46,199 SH X No. 1 X
$24.13 3,357 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Digital Impact Inc. Common 25385G106 $2.20 62 SH X No. 2 X
$4.98 140 SH X No. 1 X
$0.36 10 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Genentech Common 368710406 $12,216.24 80,370 SH X No. 2 X
$25,634.80 168,650 SH X No. 1 X
$1,846.80 12,150 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Digene Corp Common 253752109 $216.43 4,705 SH X No. 2 X
$0.00 0 SH X No. 1 X
$5.66 123 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DigitalThink, Inc Common 25388M100 $121.20 3,077 SH X No. 2 X
$254.38 6,458 SH X No. 1 X
$18.32 465 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Discovery Laboratories,
Inc. Common 254668106 $1,140.31 175,432 SH X No. 2 X
$2,708.39 416,675 SH X No. 1 X
$5.67 873 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
eBenX, Inc. Common 278668108 $13.60 461 SH X No. 2 X
$30.86 1,046 SH X No. 1 X
$2.18 74 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
EMachines Inc. Common 29076P102 $3.69 615 SH X No. 2 X
$7.75 1,292 SH X No. 1 X
$0.56 93 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
e-MedSoft.com Common 26873Q101 $5,157.09 295,747 SH X No. 2 X
$11,698.91 670,905 SH X No. 1 X
$625.10 35,848 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Endorex Corporation Common 29264N307 $5,411.41 983,893 SH X No. 2 X
$12,052.99 2,191,452 SH X No. 1 X
$95.40 17,346 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Inc. Common 294100102 $0.00 0 SH X No. 2 X
$0.00 0 SH X No. 1 X
$3.20 46 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc. Common 293904108 $23,633.61 627,094 SH X No. 2 X
$49,049.23 1,301,472 SH X No. 1 X
$3,549.94 94,194 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Epimmune Inc. Common 29425Y101 $496.61 66,771 SH X No. 2 X
$1,019.93 137,134 SH X No. 1 X
$82.52 11,095 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Fairchild Semiconductors Common $22.27 610 SH X No. 2 X
$47.41 1,299 SH X No. 1 X
$3.32 91 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Flamel Technologies Common 338488109 $302.40 63,664 SH X No. 2 X
$671.75 141,422 SH X No. 1 X
$47.89 10,083 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Focal Inc. Common 343909107 $1,201.58 150,198 SH X No. 2 X
$2,540.90 317,613 SH X No. 1 X
$205.53 25,691 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Genstar Therapeutics
Corp.>formerly Urogen
Corp. Common 37248D105 $14,559.00 1,617,667 SH X No. 2 X
$31,847.13 3,538,570 SH X No. 1 X
$2,336.36 259,595 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Genta, Inc. Common 37245M207 $23,402.17 2,415,708 SH X No. 2 X
$51,406.11 5,306,437 SH X No. 1 X
$4,917.68 507,631 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Genzyme Common 372917104 $231.38 4,616 SH X No. 2 X
$485.51 9,686 SH X No. 1 X
$34.99 698 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. Common 375558103 $1,656.37 26,136 SH X No. 2 X
$3,475.68 54,843 SH X No. 1 X
$250.39 3,951 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Guilford Pharmaceuticals
Inc. Common 401829106 $764.46 32,880 SH X No. 2 X
$1,567.63 67,425 SH X No. 1 X
$127.81 5,497 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Glaxo Wellcome Common 37733W105 $103.16 1,800 SH X No. 2 X
$68.78 1,200 SH X No. 1 X
$0.00 0 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HeavenlyDoor.com Inc.
> formerly Procept Common 42248Q106 $11,239.15 3,269,572 SH X No. 2 X
$22,395.31 6,514,998 SH X No. 1 X
$10.09 2,935 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Hemisphere Biopharma
Inc. Common $72.12 6,556 SH X No. 2 X
$168.10 15,282 SH X No. 1 X
$17.25 1,568 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Hemisphere Biopharma
Inc. - Warrants Common warrants 42366C103 $0.69 100 SH X No. 2 X
$0.69 100 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences
Inc. Common 444903108 $1,700.46 20,472 SH X No. 2 X
$2,342.11 28,197 SH X No. 1 X
$237.48 2,859 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Hemasure Common 423504109 $6.46 615 SH X No. 2 X
$13.57 1,292 SH X No. 1 X
$0.98 93 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Hoovers Inc Common 439321100 $6.93 609 SH X No. 2 X
$14.55 1,279 SH X No. 1 X
$1.05 92 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Humana Inc. Common 444859102 $0.00 0 SH X No. 2 X
$13.16 1,800 SH X No. 1 X
$0.73 100 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
ACTV Inc Common 00088E104 $10.69 305 SH X No. 2 X
$22.58 644 SH X No. 1 X
$1.79 51 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
IntraBiotics Pharm Common 46116T100 $115.40 7,693 SH X No. 2 X
$242.16 16,144 SH X No. 1 X
$17.45 1,163 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Internet Commerce Corp Common 46059F109 $430.54 9,112 SH X No. 2 X
$916.84 19,404 SH X No. 1 X
$70.12 1,484 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Common 449370105 $5,094.46 51,852 SH X No. 2 X
$10,690.29 108,807 SH X No. 1 X
$769.99 7,837 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
InnerDyne, Inc Common 45764D102 $1,005.51 164,165 SH X No. 2 X
$2,077.98 339,262 SH X No. 1 X
$162.76 26,573 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Integrated Info Systems Common 45817B103 $6.71 308 SH X No. 2 X
$14.06 645 SH X No. 1 X
$1.02 47 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Ilex Oncology Inc. Common 451923106 $1,200.78 28,590 SH X No. 2 X
$2,509.42 59,748 SH X No. 1 X
$184.97 4,404 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Imclone Systems Common 45245W109 $4,967.43 64,617 SH X No. 2 X
$10,352.76 134,670 SH X No. 1 X
$774.82 10,079 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Immunomedics, Inc Common 452907108 $22,826.64 884,325 SH X No. 2 X
$47,542.13 1,841,826 SH X No. 1 X
$3,676.14 142,417 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Immunex Corp. Common 452528102 $4,026.00 63,464 SH X No. 2 X
$8,447.27 133,159 SH X No. 1 X
$608.68 9,595 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Incara Pharmaceuticals
Corp. Common 45324E103 $118.66 20,636 SH X No. 2 X
$278.23 48,388 SH X No. 1 X
$19.99 3,476 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Incyte Pharmaceuticals
Inc. Common 45337C102 $609.53 6,971 SH X No. 2 X
$1,279.12 14,629 SH X No. 1 X
$91.98 1,052 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Inkline Pharmaceuticals Common 457214104 $233.74 32,309 SH X No. 2 X
$479.68 66,306 SH X No. 1 X
$38.96 5,385 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Intersil Holding Corp Common 46069S109 $23.57 456 SH X No. 2 X
$50.24 972 SH X No. 1 X
$3.72 72 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
John Hancock Financial
Sv. Common 41014S106 $5.51 305 SH X No. 2 X
$11.72 649 SH X No. 1 X
$0.83 46 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
JMAR Technologies, Inc Common 466212107 $226.78 20,158 SH X No. 2 X
$146.40 13,013 SH X No. 1 X
$19.23 1,709 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Lifecare Biomedical Common 532187101 $52.33 5,657 SH X No. 2 X
$124.14 13,421 SH X No. 1 X
$8.53 922 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
LJL Biosystems, Inc. Common 501873103 $500.67 27,434 SH X No. 2 X
$1,057.42 57,941 SH X No. 1 X
$84.41 4,625 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Lycos Inc Common 550818108 $21.43 305 SH X No. 2 X
$45.59 649 SH X No. 1 X
$3.23 46 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Lorus Therapeutics Inc. Common 544191109 $5,874.47 1,708,937 SH X No. 2 X
$12,326.82 3,585,983 SH X No. 1 X
$888.03 258,337 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Mediacom Comm Common 58446K105 $14.87 1,067 SH X No. 2 X
$31.42 2,254 SH X No. 1 X
$2.49 179 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Media 100 Inc. Common 58440W105 $62.46 1,791 SH X No. 2 X
$314.40 9,015 SH X No. 1 X
$24.20 694 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Maxim Pharmaceuticals,
Inc. Common 57772M107 $2,228.22 47,472 SH X No. 2 X
$4,619.87 98,426 SH X No. 1 X
$380.76 8,112 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
MedImmune, Inc. Common 584699102 $5,559.11 31,926 SH X No. 2 X
$11,761.62 67,547 SH X No. 1 X
$561.38 3,224 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Medarex Inc. Common 583916101 $150.45 2,994 SH X No. 2 X
$315.22 6,273 SH X No. 1 X
$22.76 453 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Millenium Pharmaceutical
inc Common 599902103 $1,824.74 14,050 SH X No. 2 X
$2,911.93 22,421 SH X No. 1 X
$278.45 2,144 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Milestone Scientific-
Comm wts Common warrants $0.00 70,606 SH X No. 2 X
$0.00 128,360 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Miravant Med
Technologies Common 604690107 $276.50 17,767 SH X No. 2 X
$584.43 37,554 SH X No. 1 X
$47.19 3,032 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Monsato Co. Common 611662107 $51.86 1,007 SH X No. 2 X
$74.57 1,448 SH X No. 1 X
$10.04 195 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
MotherNature.com Common 61978K105 $1.16 369 SH X No. 2 X
$2.64 837 SH X No. 1 X
$0.19 59 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Metalink, Ltd. Common $6.18 161 SH X No. 2 X
$0.00 0 SH X No. 1 X
$5.33 139 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Nabi Common 628716102 $146.59 21,717 SH X No. 2 X
$315.29 46,709 SH X No. 1 X
$24.12 3,574 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Neose Tech. Common 640522108 $3,094.51 96,140 SH X No. 2 X
$6,975.29 216,708 SH X No. 1 X
$493.14 15,321 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Nexmed Inc. Common 652903105 $4,603.72 289,998 SH X No. 2 X
$10,490.52 660,820 SH X No. 1 X
$658.56 41,484 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
NPS Pharmaceuticals Inc. Common 62936P103 $267.37 17,751 SH X No. 2 X
$588.04 39,040 SH X No. 1 X
$43.80 2,908 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Neurogen Common 64124E106 $0.00 0 SH X No. 2 X
$176.02 5,701 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Neurobiological
Technologies Common 64124W106 $1,328.74 351,519 SH X No. 2 X
$3,277.89 867,167 SH X No. 1 X
$103.25 27,314 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Onvia.com Common 68338T106 $1.31 62 SH X No. 2 X
$2.70 128 SH X No. 1 X
$0.21 10 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
OTG Software Inc. Common 671059103 $2.50 62 SH X No. 2 X
$5.20 129 SH X No. 1 X
$0.36 9 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Palatin Technologies
Inc. Common 696077304 $618.33 115,038 SH X No. 2 X
$1,517.70 282,363 SH X No. 1 X
$19.72 3,669 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs Common 74369L103 $498.39 6,269 SH X No. 2 X
$1,046.22 13,160 SH X No. 1 X
$75.29 947 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Pfizer Inc. Common 717081103 $492.68 13,475 SH X No. 2 X
$1,072.27 29,327 SH X No. 1 X
$80.36 2,198 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Pack Port.com Inc. Common 69521P109 $7.49 1,536 SH X No. 2 X
$17.00 3,488 SH X No. 1 X
$1.20 247 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Pliant Systems, Inc Common 729138107 $84.04 9,744 SH X No. 2 X
$167.70 19,444 SH X No. 1 X
$15.63 1,812 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Phamacia & Upjohn Inc. Common 716941109 $366.28 6,156 SH X No. 2 X
$768.32 12,913 SH X No. 1 X
$55.39 931 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Primix Solutions Inc Common 741620108 $69.75 7,859 SH X No. 2 X
$139.17 15,681 SH X No. 1 X
$12.96 1,460 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PHP Healthcare Corp. Common 693344103 $207.72 2,433 SH X No. 2 X
$439.34 5,146 SH X No. 1 X
$35.94 421 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
QLT Phototherapeutics Common 746927102 $841.73 15,235 SH X No. 2 X
$1,835.79 33,227 SH X No. 1 X
$145.75 2,638 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Questcor Pharmaceutical
Inc. Common 748354101 $899.26 306,130 SH X No. 2 X
$1,633.87 556,212 SH X No. 1 X
$0.00 0 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
QXL.Com PLC ADS WI Common 74912W101 $12.50 147 SH X No. 2 X
$29.16 343 SH X No. 1 X
$0.85 10 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
RF Monolithics Inc Common 74955F106 $315.14 21,009 SH X No. 2 X
$673.88 44,925 SH X No. 1 X
$53.49 3,566 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Repligen Corp. Common 759916109 $11,773.22 1,223,192 SH X No. 2 X
$29,920.96 3,108,671 SH X No. 1 X
$1,877.71 195,087 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Sepracor Common 817315104 $718.51 9,868 SH X No. 2 X
$1,507.22 20,700 SH X No. 1 X
$108.64 1,492 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Schering-Plough Corp. Common 806605101 $2,362.56 63,638 SH X No. 2 X
$4,957.71 133,541 SH X No. 1 X
$357.18 9,621 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Shire Pharmaceuticals
Group-ADR Common 82481R106 $963.35 18,797 SH X No. 2 X
$2,048.41 39,969 SH X No. 1 X
$150.88 2,944 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Solutia Inc. Common 834376105 $2.68 200 SH X No. 2 X
$5.35 400 SH X No. 1 X
$0.54 40 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Switchboard, Inc Common 871045100 $10.62 309 SH X No. 2 X
$22.07 642 SH X No. 1 X
$1.68 49 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Titan Pharmaceuticals Common 888314101 $6,581.11 212,294 SH X No. 2 X
$13,798.69 445,119 SH X No. 1 X
$998.73 32,217 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Transkaryotic Therapies
Inc. Common 893735100 $1,173.58 21,098 SH X No. 2 X
$2,556.47 45,959 SH X No. 1 X
$180.89 3,252 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Triangle Pharmaceuticals
Inc. Common 89589H104 $0.00 0 SH X No. 2 X
$0.00 0 SH X No. 1 X
$35.44 2,250 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
Trimeris, Inc. Common 896263100 $86.74 1,737 SH X No. 2 X
$194.11 3,887 SH X No. 1 X
$28.76 576 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
T/R Systems, Inc Common 872634102 $6.79 305 SH X No. 2 X
$14.44 649 SH X No. 1 X
$1.02 46 SH X X
- -----------------------------------------------------------------------------------------------------------------------------------
USinternetworking, Inc Common 917311805 $8.84 228 SH X No. 2 X
$18.72 483 SH X No. 1 X
$1.51 39 SH X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Uniroyal Technology Corp Common 909163107 $74.50 1,585 SH X No. 2 X
$0.00 0 SH X No. 1 X
$14.76 314 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
United Thera Corp. Common 91307C102 $839.78 10,801 SH X No. 2 X
$1,777.75 22,865 SH X No. 1 X
$146.95 1,890 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Viropharma Inc. Common 928241108 $317.05 5,171 SH X No. 2 X
$674.19 10,996 SH X No. 1 X
$51.07 833 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Vertex Common 92532F100 $56.18 1,200 SH X No. 2 X
$133.79 2,858 SH X No. 1 X
$20.69 442 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Warner Chilcott Public
Limited Company Common 934435207 $162.07 10,051 SH X No. 2 X
$349.75 21,690 SH X No. 1 X
$28.36 1,759 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Wireless Facilities Inc Common 97653A103 $6.53 62 SH X No. 2 X
$14.74 140 SH X No. 1 X
$1.05 10 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Xenometrix-Wts Common warrants 984109116 $7.50 12,000 SH X No. 2 X
$11.25 18,000 SH X No. 1 X
$0.00 0 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Xoma, Ltd. Common $1,889.89 243,857 SH X No. 2 X
$3,991.51 515,033 SH X No. 1 X
$318.60 41,110 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Zeroplus.com Inc. Common 98949Y103 $295.69 29,569 SH X No. 2 X
$638.59 63,859 SH X No. 1 X
$50.44 5,044 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Abbott Laboratories.
Calls 1/50 Long Calls 002824100 $446.40 111,600 SH Calls X No. 2 X
$947.20 236,800 SH Calls X No. 1 X
$71.20 17,800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Affymetrix CALL 5/110 Long Calls 00826T108 $63.38 1,300 SH Calls X No. 2 X
$131.63 2,700 SH Calls X No. 1 X
$29.25 600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Alza Call 4/30 Long Calls 022615108 $164.99 19,700 SH Calls X No. 2 X
$342.54 40,900 SH Calls X No. 1 X
$22.61 2,700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Inc Call 7/50 Long Calls 031162100 $85.15 5,200 SH Calls X No. 2 X
$180.13 11,000 SH Calls X No. 1 X
$13.10 800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/40 Long Calls 031162100 $278.30 8,800 SH Calls X No. 2 X
$623.01 19,700 SH Calls X No. 1 X
$44.28 1,400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/33.75 Long Calls 031162100 $67.10 2,200 SH Calls X No. 2 X
$143.35 4,700 SH Calls X No. 1 X
$3.05 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/31.25 Long Calls 031162100 $72.05 2,200 SH Calls X No. 2 X
$153.93 4,700 SH Calls X No. 1 X
$3.28 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/27.5 Long Calls 031162100 $78.10 2,200 SH Calls X No. 2 X
$166.85 4,700 SH Calls X No. 1 X
$3.55 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/30 Long Calls 031162100 $74.25 2,200 SH Calls X No. 2 X
$158.63 4,700 SH Calls X No. 1 X
$3.38 100 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Amgen Call 1/32.5 Long Calls 031162100 $69.30 2,200 SH Calls X No. 2 X
$148.05 4,700 SH Calls X No. 1 X
$3.15 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/35 Long Calls 031162100 $64.35 2,200 SH Calls X No. 2 X
$137.48 4,700 SH Calls X No. 1 X
$2.93 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/26.25 Long Calls 031162100 $84.24 2,300 SH Calls X No. 2 X
$175.80 4,800 SH Calls X No. 1 X
$3.66 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Amgen Call 1/28.75 Long Calls 031162100 $75.90 2,200 SH Calls X No. 2 X
$162.15 4,700 SH Calls X No. 1 X
$3.45 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/40 Long Calls 034551101 $189.69 2,500 SH Calls X No. 2 X
$432.49 5,700 SH Calls X No. 1 X
$30.35 400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/45 Long Calls 034551101 $193.20 2,800 SH Calls X No. 2 X
$441.60 6,400 SH Calls X No. 1 X
$34.50 500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/50 Long Calls 034551101 $686.40 10,400 SH Calls X No. 2 X
$1,564.20 23,700 SH Calls X No. 1 X
$112.20 1,700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/105 Long Calls 034551101 $106.09 4,100 SH Calls X No. 2 X
$222.53 8,600 SH Calls X No. 1 X
$15.53 600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/110 Long Calls 034551101 $109.86 4,700 SH Calls X No. 2 X
$233.75 10,000 SH Calls X No. 1 X
$16.36 700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/115 Long Calls 034551101 $118.28 5,700 SH Calls X No. 2 X
$249.00 12,000 SH Calls X No. 1 X
$18.68 900 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/90 Long Calls 034551101 $82.20 2,400 SH Calls X No. 2 X
$167.83 4,900 SH Calls X No. 1 X
$13.70 400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/95 Long Calls 034551101 $81.25 2,600 SH Calls X No. 2 X
$175.00 5,600 SH Calls X No. 1 X
$12.50 400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/100 Long Calls 034551101 $93.23 3,300 SH Calls X No. 2 X
$197.75 7,000 SH Calls X No. 1 X
$14.13 500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/60 Long Calls 034551101 $219.45 3,800 SH Calls X No. 2 X
$467.78 8,100 SH Calls X No. 1 X
$34.65 600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/65 Long Calls 034551101 $245.53 4,600 SH Calls X No. 2 X
$512.40 9,600 SH Calls X No. 1 X
$42.70 800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/70 Long Calls 034551101 $270.19 5,500 SH Calls X No. 2 X
$569.85 11,600 SH Calls X No. 1 X
$44.21 900 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 9/75 Long Calls 034551101 $288.00 6,400 SH Calls X No. 2 X
$607.50 13,500 SH Calls X No. 1 X
$49.50 1,100 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Andrx Corp Call 9/55 Long Calls 034551101 $186.75 3,000 SH Calls X No. 2 X
$404.63 6,500 SH Calls X No. 1 X
$31.13 500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp Call 4/12.5 Long Calls 38505103 $5.10 600 SH Calls X No. 2 X
$11.05 1,300 SH Calls X No. 1 X
$0.85 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp Call 7/5 Long Calls 38505103 $0.00 0 SH Calls X No. 2 X
$0.00 0 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp Call 7/7.5 Long Calls 38505103 $8.25 600 SH Calls X No. 2 X
$17.88 1,300 SH Calls X No. 1 X
$1.38 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp Call 7/10 Long Calls 38505103 $0.00 0 SH Calls X No. 2 X
$0.00 0 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aradigm Corp Call 7/12.5 Long Calls 38505103 $0.00 0 SH Calls X No. 2 X
$0.00 0 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aviron Call 8/15 Long Calls 053762100 $93.80 6,700 SH Calls X No. 2 X
$200.20 14,300 SH Calls X No. 1 X
$14.00 1,000 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aviron Call 8/20 Long Calls 053762100 $96.60 9,200 SH Calls X No. 2 X
$203.70 19,400 SH Calls X No. 1 X
$14.70 1,400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aviron Call 8/12.5 Long Calls 053762100 $88.00 5,500 SH Calls X No. 2 X
$187.20 11,700 SH Calls X No. 1 X
$12.80 800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aviron Call 8/17.5 Long Calls 053762100 $100.45 8,200 SH Calls X No. 2 X
$215.60 17,600 SH Calls X No. 1 X
$14.70 1,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Aviron Call 8/22.5 Long Calls 053762100 $39.78 4,300 SH Calls X No. 2 X
$84.18 9,100 SH Calls X No. 1 X
$5.55 600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Bristol-Myers Squibb Co.
Calls 1/90 Long Calls 110122108 $24.20 4,400 SH Calls X No. 2 X
$55.00 10,000 SH Calls X No. 1 X
$3.85 700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Bristol Myers Squibb
CO. Call 1/100 Long Calls 110122108 $378.55 90,400 SH Calls X No. 2 X
$803.16 191,800 SH Calls X No. 1 X
$59.46 14,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 4/5 Long Puts $6.41 34,200 SH Puts X No. 2 X
$14.16 75,500 SH Puts X No. 1 X
$0.99 5,300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 4/10 Long Puts $1.88 6,000 SH Puts X No. 2 X
$4.09 13,100 SH Puts X No. 1 X
$0.28 900 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 4/15 Long Puts $15.88 36,300 SH Puts X No. 2 X
$34.21 78,200 SH Puts X No. 1 X
$2.41 5,500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc. Puts
4/17.5 Long Puts $18.84 27,400 SH Puts X No. 2 X
$40.22 58,500 SH Puts X No. 1 X
$2.82 4,100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts
4/17.5 Long Puts $20.31 32,500 SH Puts X No. 2 X
$43.81 70,100 SH Puts X No. 1 X
$3.06 4,900 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cell Pathways Put 7/5 Long Puts $39.03 124,900 SH Puts X No. 2 X
$82.69 264,600 SH Puts X No. 1 X
$6.44 20,600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/25 Long Puts $171.10 23,600 SH Puts X No. 2 X
$362.50 50,000 SH Puts X No. 1 X
$29.00 4,000 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/30 Long Puts $186.55 18,200 SH Puts X No. 2 X
$385.40 37,600 SH Puts X No. 1 X
$31.78 3,100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/35 Long Puts $174.56 13,300 SH Puts X No. 2 X
$367.50 28,000 SH Puts X No. 1 X
$30.19 2,300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/40 Long Puts $50.39 2,900 SH Puts X No. 2 X
$105.99 6,100 SH Puts X No. 1 X
$8.69 500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/45 Long Puts $48.90 2,400 SH Puts X No. 2 X
$105.95 5,200 SH Puts X No. 1 X
$8.15 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/7.5 Long Puts $61.78 70,600 SH Puts X No. 2 X
$130.64 149,300 SH Puts X No. 1 X
$10.15 11,600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/17.5 Long Puts $114.16 28,100 SH Puts X No. 2 X
$242.94 59,800 SH Puts X No. 1 X
$19.09 4,700 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Put 7/22.5 Long Puts $167.40 27,900 SH Puts X No. 2 X
$355.80 59,300 SH Puts X No. 1 X
$27.60 4,600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc.
Call 7/10 Long Calls $134.12 93,300 SH Calls X No. 2 X
$289.80 201,600 SH Calls X No. 1 X
$21.42 14,900 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc.
Call 7/15 Long Calls $130.05 40,800 SH Calls X No. 2 X
$283.05 88,800 SH Calls X No. 1 X
$21.36 6,700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc.
Call 7/20 Long Calls $192.98 37,200 SH Calls X No. 2 X
$409.29 78,900 SH Calls X No. 1 X
$31.13 6,000 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc.
Call 7/60 Long Calls $0.00 0 SH Calls X No. 2 X
$0.00 0 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Inc.
Call 7/12.5 Long Calls $101.79 47,900 SH Calls X No. 2 X
$220.36 103,700 SH Calls X No. 1 X
$17.00 8,000 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways
Puts 10/40 Long Puts $82.50 4,000 SH Puts X No. 2 X
$160.88 7,800 SH Puts X No. 1 X
$16.50 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways
Puts 10/45 Long Puts $78.40 3,200 SH Puts X No. 2 X
$173.95 7,100 SH Puts X No. 1 X
$9.80 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways
Puts 10/50 Long Puts $79.80 2,800 SH Puts X No. 2 X
$168.15 5,900 SH Puts X No. 1 X
$11.40 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways
Puts 10/55 Long Puts $78.60 2,400 SH Puts X No. 2 X
$170.30 5,200 SH Puts X No. 1 X
$13.10 400 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cell Pathways Puts 10/60 Long Puts $88.50 2,400 SH Puts X No. 2 X
$162.25 4,400 SH Puts X No. 1 X
$14.75 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 10/65 Long Puts $83.00 2,000 SH Puts X No. 2 X
$166.00 4,000 SH Puts X No. 1 X
$16.60 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 10/70 Long Puts $86.93 1,900 SH Puts X No. 2 X
$164.70 3,600 SH Puts X No. 1 X
$18.30 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Cell Pathways Puts 10/75 Long Puts $80.40 1,600 SH Puts X No. 2 X
$160.80 3,200 SH Puts X No. 1 X
$20.10 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceutical,
Inc Call 7/22.5 Long Calls 222116105 $5.50 500 SH Calls X No. 2 X
$11.00 1,000 SH Calls X No. 1 X
$1.10 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceutical,
Inc Call 7/25 Long Calls 222116105 $4.81 500 SH Calls X No. 2 X
$10.59 1,100 SH Calls X No. 1 X
$0.96 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceutical,
Inc Call 7/30 Long Calls 222116105 $5.16 700 SH Calls X No. 2 X
$11.06 1,500 SH Calls X No. 1 X
$0.74 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceutical,
Inc Call 7/35 Long Calls 222116105 $4.50 800 SH Calls X No. 2 X
$10.13 1,800 SH Calls X No. 1 X
$0.56 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Coulter Pharmaceutical,
Inc Call 7/40 Long Calls 222116105 $4.81 1,100 SH Calls X No. 2 X
$9.63 2,200 SH Calls X No. 1 X
$0.88 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc. Put 8/30 Long Puts $23.58 7,700 SH Puts X No. 2 X
$50.23 16,400 SH Puts X No. 1 X
$3.37 1,100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Entremed Inc Put 8/25 Long Puts $13.13 7,500 SH Puts X No. 2 X
$28.18 16,100 SH Puts X No. 1 X
$2.10 1,200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Entremed Inc Put 8/35 Long Puts $19.50 3,900 SH Puts X No. 2 X
$40.00 8,000 SH Puts X No. 1 X
$3.00 600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Entremed Inc Put 8/45 Long Puts $20.70 2,300 SH Puts X No. 2 X
$46.80 5,200 SH Puts X No. 1 X
$2.70 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Entremed Inc Put 8/55 Long Puts $25.08 1,700 SH Puts X No. 2 X
$53.10 3,600 SH Puts X No. 1 X
$4.43 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc. Put 8/40 Long Puts $21.60 3,200 SH Puts X No. 2 X
$44.55 6,600 SH Puts X No. 1 X
$3.38 500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc. Put 8/50 Long Puts $26.40 2,200 SH Puts X No. 2 X
$56.40 4,700 SH Puts X No. 1 X
$3.60 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc. Put 8/60 Long Puts $28.60 1,600 SH Puts X No. 2 X
$58.99 3,300 SH Puts X No. 1 X
$5.36 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc Put 8/65 Long Puts $6.38 300 SH Puts X No. 2 X
$14.88 700 SH Puts X No. 1 X
$0.00 0 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EntreMed, Inc Put 8/70 Long Puts $4.95 200 SH Puts X No. 2 X
$14.85 600 SH Puts X No. 1 X
$0.00 0 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc Put 8/75 Long Puts $5.68 200 SH Puts X No. 2 X
$17.03 600 SH Puts X No. 1 X
$0.00 0 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
EntreMed, Inc.
Put 8/22.5 Long Puts $21.26 16,200 SH Puts X No. 2 X
$45.68 34,800 SH Puts X No. 1 X
$3.28 2,500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Puts 7/35 Long Puts 294100102 $4.13 1,500 SH Puts X No. 2 X
$8.80 3,200 SH Puts X No. 1 X
$0.55 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Puts 7/55 Long Puts 294100102 $45.56 4,500 SH Puts X No. 2 X
$96.19 9,500 SH Puts X No. 1 X
$7.09 700 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/60 Long Puts 294100102 $75.53 5,700 SH Puts X No. 2 X
$156.35 11,800 SH Puts X No. 1 X
$11.93 900 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/80 Long Puts 294100102 $56.38 2,200 SH Puts X No. 2 X
$112.75 4,400 SH Puts X No. 1 X
$12.81 500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/95 Long Puts 294100102 $36.00 1,000 SH Puts X No. 2 X
$68.40 1,900 SH Puts X No. 1 X
$7.20 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/100 Long Puts 294100102 $63.60 1,600 SH Puts X No. 2 X
$123.23 3,100 SH Puts X No. 1 X
$11.93 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/105 Long Puts 294100102 $39.49 900 SH Puts X No. 2 X
$74.59 1,700 SH Puts X No. 1 X
$8.78 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/110 Long Puts 294100102 $4.80 100 SH Puts X No. 2 X
$4.80 100 SH Puts X No. 1 X
$4.80 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/115 Long Puts 294100102 $5.23 100 SH Puts X No. 2 X
$5.23 100 SH Puts X No. 1 X
$5.23 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/25 Long Puts 294100102 $1.06 1,300 SH Puts X No. 2 X
$2.28 2,800 SH Puts X No. 1 X
$0.16 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/30 Long Puts 294100102 $1.30 800 SH Puts X No. 2 X
$2.93 1,800 SH Puts X No. 1 X
$0.16 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/40 Long Puts 294100102 $2.00 500 SH Puts X No. 2 X
$3.60 900 SH Puts X No. 1 X
$0.40 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/45 Long Puts 294100102 $1.84 300 SH Puts X No. 2 X
$4.29 700 SH Puts X No. 1 X
$0.61 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/50 Long Puts 294100102 $22.48 2,900 SH Puts X No. 2 X
$45.73 5,900 SH Puts X No. 1 X
$3.88 500 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Enzo Biochem Put 7/75 Long Puts 294100102 $2.16 100 SH Puts X No. 2 X
$4.33 200 SH Puts X No. 1 X
$2.16 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/120 Long Puts 294100102 $5.64 100 SH Puts X No. 2 X
$5.64 100 SH Puts X No. 1 X
$5.64 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/125 Long Puts 294100102 $6.06 100 SH Puts X No. 2 X
$6.06 100 SH Puts X No. 1 X
$6.06 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/130 Long Puts 294100102 $6.50 100 SH Puts X No. 2 X
$6.50 100 SH Puts X No. 1 X
$6.50 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/22.5 Long Puts 294100102 $1.25 2,000 SH Puts X No. 2 X
$2.56 4,100 SH Puts X No. 1 X
$0.19 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/135 Long Puts 294100102 $6.95 100 SH Puts X No. 2 X
$6.95 100 SH Puts X No. 1 X
$6.95 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/140 Long Puts 294100102 $7.46 100 SH Puts X No. 2 X
$7.46 100 SH Puts X No. 1 X
$7.46 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/85 Long Puts 294100102 $62.98 2,200 SH Puts X No. 2 X
$134.54 4,700 SH Puts X No. 1 X
$11.45 400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/90 Long Puts 294100102 $85.48 2,600 SH Puts X No. 2 X
$180.81 5,500 SH Puts X No. 1 X
$16.44 500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/65 Long Puts 294100102 $18.60 1,200 SH Puts X No. 2 X
$38.75 2,500 SH Puts X No. 1 X
$4.65 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzo Biochem Put 7/70 Long Puts 294100102 $83.25 4,500 SH Puts X No. 2 X
$177.60 9,600 SH Puts X No. 1 X
$14.80 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc Call 8/50 Long Calls 294100102 $17.76 2,900 SH Calls X No. 2 X
$37.36 6,100 SH Calls X No. 1 X
$3.06 500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc Call 8/55 Long Calls 294100102 $26.14 5,100 SH Calls X No. 2 X
$53.81 10,500 SH Calls X No. 1 X
$4.10 800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc Call 8/60 Long Calls 294100102 $25.19 6,200 SH Calls X No. 2 X
$52.81 13,000 SH Calls X No. 1 X
$4.06 1,000 SH Calls X X
- ----------------------------------------- ---------------------------------------------------------------------------------
Enzon, Inc Call 8/65 Long Calls 294100102 $24.23 7,600 SH Calls X No. 2 X
$51.32 16,100 SH Calls X No. 1 X
$4.14 1,300 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc Call 8/70 Long Calls 294100102 $25.53 9,500 SH Calls X No. 2 X
$53.75 20,000 SH Calls X No. 1 X
$4.03 1,500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Enzon, Inc Call 8/75 Long Calls 294100102 $5.40 2,400 SH Calls X No. 2 X
$11.03 4,900 SH Calls X No. 1 X
$0.90 400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/17.5 Long Puts $31.63 9,200 SH Puts X No. 2 X
$66.69 19,400 SH Puts X No. 1 X
$4.81 1,400 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Geron Corp. Put 9/20 Long Puts $46.08 10,100 SH Puts X No. 2 X
$97.18 21,300 SH Puts X No. 1 X
$7.30 1,600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/22.5 Long Puts $31.80 5,300 SH Puts X No. 2 X
$67.20 11,200 SH Puts X No. 1 X
$4.80 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/25 Long Puts $33.33 4,300 SH Puts X No. 2 X
$70.53 9,100 SH Puts X No. 1 X
$4.65 600 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/30 Long Puts $34.10 3,100 SH Puts X No. 2 X
$72.60 6,600 SH Puts X No. 1 X
$5.50 500 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/35 Long Puts $78.30 5,400 SH Puts X No. 2 X
$163.85 11,300 SH Puts X No. 1 X
$11.60 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/40 Long Puts $34.32 1,900 SH Puts X No. 2 X
$74.06 4,100 SH Puts X No. 1 X
$5.42 300 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/45 Long Puts $103.69 4,700 SH Puts X No. 2 X
$218.42 9,900 SH Puts X No. 1 X
$15.44 700 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Geron Corp. Put 9/50 Long Puts $31.43 1,200 SH Puts X No. 2 X
$62.85 2,400 SH Puts X No. 1 X
$5.24 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Gilead Call 5/30 Long Calls 375558103 $47.25 1,400 SH Calls X No. 2 X
$118.13 3,500 SH Calls X No. 1 X
$3.38 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Gilead Call 5/40 Long Calls 375558103 $34.30 1,400 SH Calls X No. 2 X
$85.75 3,500 SH Calls X No. 1 X
$2.45 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Glaxo Wellcome Plc-
Spons Adr calls 1/70 Long Calls 37733W105 $35.72 4,500 SH Calls X No. 2 X
$81.76 10,300 SH Calls X No. 1 X
$5.56 700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/105 Long Calls 444903108 $14.70 700 SH Calls X No. 2 X
$31.50 1,500 SH Calls X No. 1 X
$2.10 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/110 Long Calls 444903108 $13.87 700 SH Calls X No. 2 X
$29.72 1,500 SH Calls X No. 1 X
$1.98 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/115 Long Calls 444903108 $16.82 900 SH Calls X No. 2 X
$33.64 1,800 SH Calls X No. 1 X
$1.87 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/120 Long Calls 444903108 $15.98 900 SH Calls X No. 2 X
$31.95 1,800 SH Calls X No. 1 X
$1.78 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/125 Long Calls 444903108 $16.38 1,000 SH Calls X No. 2 X
$32.75 2,000 SH Calls X No. 1 X
$1.64 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/130 Long Calls 444903108 $15.81 1,000 SH Calls X No. 2 X
$31.63 2,000 SH Calls X No. 1 X
$1.58 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences,
Inc Call10/100 Long Calls 444903108 $15.75 700 SH Calls X No. 2 X
$33.75 1,500 SH Calls X No. 1 X
$2.25 100 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IDEC Pharmaceuticals
Call 4/42.5 Long Calls 449370105 $61.46 1,100 SH Calls X No. 2 X
$33.53 600 SH Calls X No. 1 X
$11.18 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/45 Long Calls 449370105 $58.85 1,100 SH Calls X No. 2 X
$32.10 600 SH Calls X No. 1 X
$10.70 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/47.5 Long Calls 449370105 $56.24 1,100 SH Calls X No. 2 X
$30.68 600 SH Calls X No. 1 X
$10.23 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/50 Long Calls 449370105 $53.49 1,100 SH Calls X No. 2 X
$29.18 600 SH Calls X No. 1 X
$9.73 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/52.5 Long Calls 449370105 $49.36 1,100 SH Calls X No. 2 X
$26.93 600 SH Calls X No. 1 X
$8.98 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/55 Long Calls 449370105 $47.85 1,100 SH Calls X No. 2 X
$26.10 600 SH Calls X No. 1 X
$8.70 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/57.5 Long Calls 449370105 $45.10 1,100 SH Calls X No. 2 X
$24.60 600 SH Calls X No. 1 X
$8.20 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/60 Long Calls 449370105 $42.35 1,100 SH Calls X No. 2 X
$23.10 600 SH Calls X No. 1 X
$7.70 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/62.5 Long Calls 449370105 $39.74 1,100 SH Calls X No. 2 X
$21.68 600 SH Calls X No. 1 X
$7.23 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/65 Long Calls 449370105 $36.99 1,100 SH Calls X No. 2 X
$20.18 600 SH Calls X No. 1 X
$6.73 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Call 4/67.5 Long Calls 449370105 $34.51 1,100 SH Calls X No. 2 X
$18.83 600 SH Calls X No. 1 X
$6.28 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/105 Long Calls 449370105 $10.38 500 SH Calls X No. 2 X
$18.68 900 SH Calls X No. 1 X
$2.08 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/110 Long Calls 449370105 $11.40 600 SH Calls X No. 2 X
$24.70 1,300 SH Calls X No. 1 X
$1.90 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/115 Long Calls 449370105 $10.43 600 SH Calls X No. 2 X
$22.59 1,300 SH Calls X No. 1 X
$1.74 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/120 Long Calls 449370105 $9.15 600 SH Calls X No. 2 X
$19.83 1,300 SH Calls X No. 1 X
$1.53 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/130 Long Calls 449370105 $7.80 600 SH Calls X No. 2 X
$16.90 1,300 SH Calls X No. 1 X
$1.30 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/135 Long Calls 449370105 $7.05 600 SH Calls X No. 2 X
$15.28 1,300 SH Calls X No. 1 X
$1.18 100 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IDEC Pharmaceuticals
Corp Call 7/140 Long Calls 449370105 $10.58 900 SH Calls X No. 2 X
$22.33 1,900 SH Calls X No. 1 X
$2.35 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/145 Long Calls 449370105 $9.45 900 SH Calls X No. 2 X
$19.95 1,900 SH Calls X No. 1 X
$2.10 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/150 Long Calls 449370105 $8.66 900 SH Calls X No. 2 X
$18.29 1,900 SH Calls X No. 1 X
$1.93 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/155 Long Calls 449370105 $7.99 900 SH Calls X No. 2 X
$16.86 1,900 SH Calls X No. 1 X
$1.78 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/160 Long Calls 449370105 $7.09 900 SH Calls X No. 2 X
$14.96 1,900 SH Calls X No. 1 X
$1.58 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/70 Long Calls 449370105 $11.18 300 SH Calls X No. 2 X
$22.35 600 SH Calls X No. 1 X
$3.73 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/75 Long Calls 449370105 $10.31 300 SH Calls X No. 2 X
$20.63 600 SH Calls X No. 1 X
$3.44 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/80 Long Calls 449370105 $9.34 300 SH Calls X No. 2 X
$18.68 600 SH Calls X No. 1 X
$3.11 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/85 Long Calls 449370105 $14.44 500 SH Calls X No. 2 X
$25.99 900 SH Calls X No. 1 X
$2.89 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/90 Long Calls 449370105 $12.88 500 SH Calls X No. 2 X
$23.18 900 SH Calls X No. 1 X
$2.58 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/95 Long Calls 449370105 $12.31 500 SH Calls X No. 2 X
$22.16 900 SH Calls X No. 1 X
$2.46 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/100 Long Calls 449370105 $11.81 500 SH Calls X No. 2 X
$21.26 900 SH Calls X No. 1 X
$2.36 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Call 7/125 Long Calls 449370105 $120.95 8,200 SH Calls X No. 2 X
$259.60 17,600 SH Calls X No. 1 X
$17.70 1,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/105 Long Puts 449370105 $9.68 200 SH Puts X No. 2 X
$19.35 400 SH Puts X No. 1 X
$4.84 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/57.5 Long Puts 449370105 $8.85 200 SH Puts X No. 2 X
$22.13 500 SH Puts X No. 1 X
$4.43 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/62.5 Long Puts 449370105 $16.30 400 SH Puts X No. 2 X
$28.53 700 SH Puts X No. 1 X
$4.08 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/50 Long Puts 449370105 $10.40 200 SH Puts X No. 2 X
$15.60 300 SH Puts X No. 1 X
$5.20 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/55 Long Puts 449370105 $9.28 200 SH Puts X No. 2 X
$23.19 500 SH Puts X No. 1 X
$4.64 100 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IDEC Pharmaceuticals
Corp Put 7/60 Long Puts 449370105 $12.79 300 SH Puts X No. 2 X
$29.84 700 SH Puts X No. 1 X
$4.26 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/65 Long Puts 449370105 $8.08 200 SH Puts X No. 2 X
$20.19 500 SH Puts X No. 1 X
$4.04 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals
Corp Put 7/100 Long Puts 449370105 $7.65 200 SH Puts X No. 2 X
$19.13 500 SH Puts X No. 1 X
$3.83 100 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/20 Long Calls 45245W109 $147.88 2,600 SH Calls X No. 2 X
$352.63 6,200 SH Calls X No. 1 X
$11.38 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/25 Long Calls 45245W109 $134.88 2,600 SH Calls X No. 2 X
$321.63 6,200 SH Calls X No. 1 X
$10.38 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/30 Long Calls 45245W109 $122.20 2,600 SH Calls X No. 2 X
$291.40 6,200 SH Calls X No. 1 X
$9.40 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/35 Long Calls 45245W109 $110.83 2,600 SH Calls X No. 2 X
$264.28 6,200 SH Calls X No. 1 X
$8.53 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/40 Long Calls 45245W109 $100.10 2,600 SH Calls X No. 2 X
$238.70 6,200 SH Calls X No. 1 X
$7.70 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Imclone Call 5/22.5 Long Calls 45245W109 $141.38 2,600 SH Calls X No. 2 X
$337.13 6,200 SH Calls X No. 1 X
$10.88 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson
Calls 1/75 Long Calls $31.05 2,300 SH Calls X No. 2 X
$68.85 5,100 SH Calls X No. 1 X
$5.40 400 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson
Calls 1/130 Long Calls $190.13 84,500 SH Calls X No. 2 X
$401.85 178,600 SH Calls X No. 1 X
$30.38 13,500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Lilly (Eli) & Co.
Call 1/105 Long Calls $44.18 9,300 SH Calls X No. 2 X
$99.75 21,000 SH Calls X No. 1 X
$7.13 1,500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Lilly (eli) & Co.
Calls 1/85 Long Calls $61.25 7,000 SH Calls X No. 2 X
$137.38 15,700 SH Calls X No. 1 X
$9.63 1,100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Lilly & Co Calls 1/100 Long Calls $307.13 58,500 SH Calls X No. 2 X
$648.38 123,500 SH Calls X No. 1 X
$48.30 9,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Lilly (eli) & Co.
Calls 1/60 Long Calls $55.23 4,700 SH Calls X No. 2 X
$123.38 10,500 SH Calls X No. 1 X
$9.40 800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 6/100 Long Calls 584699102 $61.10 800 SH Calls X No. 2 X
$145.11 1,900 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 6/105 Long Calls 584699102 $43.28 600 SH Calls X No. 2 X
$100.98 1,400 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 6/110 Long Calls 584699102 $40.58 600 SH Calls X No. 2 X
$94.68 1,400 SH Calls X No. 1 X
$0.00 0 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Medimmune Inc.
Call 6/115 Long Calls 584699102 $38.03 600 SH Calls X No. 2 X
$88.73 1,400 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 6/120 Long Calls 584699102 $35.78 600 SH Calls X No. 2 X
$83.48 1,400 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 6/125 Long Calls 584699102 $33.23 600 SH Calls X No. 2 X
$77.53 1,400 SH Calls X No. 1 X
$0.00 0 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/130 Long Calls 584699102 $36.08 600 SH Calls X No. 2 X
$72.15 1,200 SH Calls X No. 1 X
$6.01 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/135 Long Calls 584699102 $34.13 600 SH Calls X No. 2 X
$73.94 1,300 SH Calls X No. 1 X
$5.69 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/140 Long Calls 584699102 $32.55 600 SH Calls X No. 2 X
$75.95 1,400 SH Calls X No. 1 X
$5.43 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/145 Long Calls 584699102 $36.05 700 SH Calls X No. 2 X
$77.25 1,500 SH Calls X No. 1 X
$5.15 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/150 Long Calls 584699102 $39.20 800 SH Calls X No. 2 X
$78.40 1,600 SH Calls X No. 1 X
$4.90 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/155 Long Calls 584699102 $36.10 800 SH Calls X No. 2 X
$81.23 1,800 SH Calls X No. 1 X
$4.51 100 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/160 Long Calls 584699102 $39.04 900 SH Calls X No. 2 X
$82.41 1,900 SH Calls X No. 1 X
$8.68 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/165 Long Calls 584699102 $40.50 1,000 SH Calls X No. 2 X
$81.00 2,000 SH Calls X No. 1 X
$8.10 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Medimmune Inc.
Call 9/170 Long Calls 584699102 $43.18 1,100 SH Calls X No. 2 X
$94.20 2,400 SH Calls X No. 1 X
$7.85 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Merck & Co., Inc.
Call 1/90 Long Calls $557.81 87,500 SH Calls X No. 2 X
$1,199.78 188,200 SH Calls X No. 1 X
$86.06 13,500 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Merk & Co., Inc.
Calls 7/65 Long Calls $39.00 8,000 SH Calls X No. 2 X
$87.75 18,000 SH Calls X No. 1 X
$5.85 1,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Co.
Calls 1/60 Long Calls 611662107 $944.13 107,900 SH Calls X No. 2 X
$2,009.00 229,600 SH Calls X No. 1 X
$147.00 16,800 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Co.
Calls 1/60 Long Calls 611662107 $39.95 9,400 SH Calls X No. 2 X
$91.38 21,500 SH Calls X No. 1 X
$6.80 1,600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 Put 6/160 Long Puts $7.81 5,000 SH Puts X No. 2 X
$20.31 13,000 SH Puts X No. 1 X
$1.56 1,000 SH Puts X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NASDAQ 100 Put 6/162 Long Puts $16.50 11,000 SH Puts X No. 2 X
$43.20 28,800 SH Puts X No. 1 X
$3.30 2,200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 Put 6/166 Long Puts $8.39 4,400 SH Puts X No. 2 X
$22.49 11,800 SH Puts X No. 1 X
$1.53 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 Put 6/170 Long Puts $7.88 3,600 SH Puts X No. 2 X
$21.00 9,600 SH Puts X No. 1 X
$1.75 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 Put 6/172 Long Puts $47.78 19,600 SH Puts X No. 2 X
$116.03 47,600 SH Puts X No. 1 X
$1.95 800 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/40 Long Calls 717081103 $270.69 35,500 SH Calls X No. 2 X
$606.19 79,500 SH Calls X No. 1 X
$42.70 5,600 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/45 Long Calls 717081103 $28.20 4,700 SH Calls X No. 2 X
$61.80 10,300 SH Calls X No. 1 X
$4.20 700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/50 Long Calls 717081103 $621.90 138,200 SH Calls X No. 2 X
$1,338.30 297,400 SH Calls X No. 1 X
$100.35 22,300 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pharmacia & Upjohn In.
Calls 1/65 Long Calls 716941109 $90.90 7,200 SH Calls X No. 2 X
$207.05 16,400 SH Calls X No. 1 X
$15.15 1,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pharmacia & Upjohn Inc.
Call 1/55 Long Calls 716941109 $579.15 35,100 SH Calls X No. 2 X
$1,227.60 74,400 SH Calls X No. 1 X
$85.80 5,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pharmacyclics, Inc
Put 6/30 Long Puts $21.97 9,500 SH Puts X No. 2 X
$46.48 20,100 SH Puts X No. 1 X
$3.24 1,400 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs
Inc, Call 11/85 Long Calls 74369L103 $27.09 1,100 SH Calls X No. 2 X
$54.18 2,200 SH Calls X No. 1 X
$4.93 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs
Inc, Call 11/90 Long Calls 74369L103 $26.25 1,200 SH Calls X No. 2 X
$56.88 2,600 SH Calls X No. 1 X
$4.38 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs
Inc, Call 11/95 Long Calls 74369L103 $26.49 1,300 SH Calls X No. 2 X
$55.01 2,700 SH Calls X No. 1 X
$4.08 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs
Inc, Call 11/100 Long Calls 74369L103 $26.60 1,400 SH Calls X No. 2 X
$55.10 2,900 SH Calls X No. 1 X
$3.80 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Protein Design Labs
Inc, Call 11/105 Long Calls 74369L103 $26.81 1,500 SH Calls X No. 2 X
$55.41 3,100 SH Calls X No. 1 X
$3.58 200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Sapient Put 4/55 Long Puts $0.56 2,000 SH Puts X No. 2 X
$1.35 4,800 SH Puts X No. 1 X
$0.06 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Sapient Put 4/50 Long Puts $1.50 3,000 SH Puts X No. 2 X
$3.40 6,800 SH Puts X No. 1 X
$0.10 200 SH Puts X X
- ------------------------------------------------------------------------------------------------------------------------------------
Schering Plough Corp
Call 1/55 Long Calls 806605101 $634.14 104,600 SH Calls X No. 2 X
$1,393.16 229,800 SH Calls X No. 1 X
$102.46 16,900 SH Calls X X
</TABLE>
<PAGE>
- ---------------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 3/31/2000
- ---------------------------------------------
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------- ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Sepracor Inc Call 7/150 Long Calls 817315104 $574.00 41,000 SH Calls X No. 2 X
$1,215.20 86,800 SH Calls X No. 1 X
$86.80 6,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Smithkline Beecham
Call 1/80 Long Calls $140.00 14,000 SH Calls X No. 2 X
$311.00 31,100 SH Calls X No. 1 X
$22.00 2,200 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Warner Lambert Co.
Call 1/95 Long Calls $118.80 4,800 SH Calls X No. 2 X
$262.35 10,600 SH Calls X No. 1 X
$17.33 700 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Warner-Lambert Co.
Calls 1/100 Long Calls $533.16 23,500 SH Calls X No. 2 X
$1,070.85 47,200 SH Calls X No. 1 X
$113.44 5,000 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
Warner-Lambert Co.
Calls 1/100 Long Calls $27.63 2,000 SH Calls X No. 2 X
$63.54 4,600 SH Calls X No. 1 X
$4.14 300 SH Calls X X
- ------------------------------------------------------------------------------------------------------------------------------------
-------------
$1,112,464.42
=============
</TABLE>
