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Previous: SIEBEL SYSTEMS INC, 424B1, 2000-02-08 |
Next: ELECTRONIC DATA SYSTEMS CORP /DE/, 8-K, 2000-02-08 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended December 31, 1999
---------------------------------------------------------------
Check here if Amendment [ ]: Amendment Number:______
This Amendment (Check only one):
|_| is a restatement
|_| adds new holding entries
If amended report check here:
PARAMOUNT CAPITAL ASSET MANAGEMENT, INC.
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
787 Seventh Avenue, 48th floor, New York, New York 10019
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
Form 13F File Number____________________________________________________________
The entity submitting this Form and the person by whom it is signed represent
hereby that the person signing the report is authorized to submit it, that all
information contained therein is true, correct and complete, and that it is
understood that all required items, statements and schedules are considered
integral parts of this Form
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
- --------------------------------------------------------------------------------
[Signature]
New York, New York
- --------------------------------------------------------------------------------
[City, State]
February 7, 2000
- --------------------------------------------------------------------------------
[Date]
Report Type (Check only one):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting managers.)
|_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
Number of Other Included Managers:
Two (2)
- --------------------------------------------------------------------------------
Form 13F Information Table Entry Total:
- --------------------------------------------------------------------------------
Form 13F Information Table Value Total:
- --------------------------------------------------------------------------------
List other Included Managers:
Provide a numbered list of the name(s) and Form 13F file numbers of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. 1
Form 13F File Number ___
Name: The Aries Master Fund, a Cayman Island Exempted Company
No. 2
Form 13F File Number ___
Name: 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.
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------
<S> <C> <C> <C>
Abgenix, Inc Common 00339B107 $966.85
$2,402.89
$75.26
- ---------------------------------------------------------------------------------
American Craft Brewing-Warrants Common warrants N/A $0.47
$1.09
$0.00
- ---------------------------------------------------------------------------------
Adaptive Broadband Corp. Common 00650M104 $1,200.49
$3,023.43
$94.11
- ---------------------------------------------------------------------------------
Andrx Corp. Common 034551101 $9,653.43
$23,994.53
$752.61
- ---------------------------------------------------------------------------------
Affymetrix Inc. Common 00826T108 $1,118.75
$2,863.65
$88.58
- ---------------------------------------------------------------------------------
American Home Products Corp. Common 026609107 $31.40
$47.10
$3.93
- ---------------------------------------------------------------------------------
Alkermes Common 01642T108 $489.97
$1,197.37
$38.02
- ---------------------------------------------------------------------------------
Altera Corp Common 021441100 $189.63
$484.42
$14.87
- ---------------------------------------------------------------------------------
Amgen Common 031162100 $10,903.15
$27,093.77
$850.06
- ---------------------------------------------------------------------------------
Amylin Pharmaceuticals Inc. Common 032346108 $23.42
$58.19
$1.83
- ---------------------------------------------------------------------------------
America Online Inc. Common 02364J104 $354.94
$910.80
$27.92
- ---------------------------------------------------------------------------------
AppNet, Inc. Common 03831Q101 $135.80
$334.86
$10.59
- ---------------------------------------------------------------------------------
Aradigm Corp. Common 38505103 $173.32
$430.67
$13.51
- ---------------------------------------------------------------------------------
Aronex Common 042666206 $798.91
$1,848.70
$58.92
- ---------------------------------------------------------------------------------
Art Technology Group, Inc. Common 04289L107 $174.51
$388.99
$13.07
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Abgenix, Inc 7,297 SH X No. 2 X
18,135 SH X No. 1 X
568 SH X X
- -------------------------------------------------------------------------------------------------------------
American Craft Brewing-Warrants 15,000 SH X No. 2 X
35,000 SH X No. 1 X
0 SH X X
- -------------------------------------------------------------------------------------------------------------
Adaptive Broadband Corp. 16,264 SH X No. 2 X
40,961 SH X No. 1 X
1,275 SH X X
- -------------------------------------------------------------------------------------------------------------
Andrx Corp. 228,146 SH X No. 2 X
567,079 SH X No. 1 X
17,787 SH X X
- -------------------------------------------------------------------------------------------------------------
Affymetrix Inc. 6,593 SH X No. 2 X
16,876 SH X No. 1 X
522 SH X X
- -------------------------------------------------------------------------------------------------------------
American Home Products Corp. 800 SH X No. 2 X
1,200 SH X No. 1 X
100 SH X X
- -------------------------------------------------------------------------------------------------------------
Alkermes 9,974 SH X No. 2 X
24,374 SH X No. 1 X
774 SH X X
- -------------------------------------------------------------------------------------------------------------
Altera Corp 3,826 SH X No. 2 X
9,774 SH X No. 1 X
300 SH X X
- -------------------------------------------------------------------------------------------------------------
Amgen 181,530 SH X No. 2 X
451,093 SH X No. 1 X
14,153 SH X X
- -------------------------------------------------------------------------------------------------------------
Amylin Pharmaceuticals Inc. 2,807 SH X No. 2 X
6,974 SH X No. 1 X
219 SH X X
- -------------------------------------------------------------------------------------------------------------
America Online Inc. 4,678 SH X No. 2 X
12,004 SH X No. 1 X
368 SH X X
- -------------------------------------------------------------------------------------------------------------
AppNet, Inc. 3,104 SH X No. 2 X
7,654 SH X No. 1 X
242 SH X X
- -------------------------------------------------------------------------------------------------------------
Aradigm Corp. 18,244 SH X No. 2 X
45,334 SH X No. 1 X
1,422 SH X X
- -------------------------------------------------------------------------------------------------------------
Aronex 255,650 SH X No. 2 X
591,584 SH X No. 1 X
18,853 SH X X
- -------------------------------------------------------------------------------------------------------------
Art Technology Group, Inc. 1,362 SH X No. 2 X
3,036 SH X No. 1 X
102 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C>
Aspect Telecommunications Common 04523Q102 $111.47
$286.67
$8.76
- ---------------------------------------------------------------------------------------
Astea International Inc. Common 04622E109 $152.33
$387.17
$11.97
- ---------------------------------------------------------------------------------------
Atmel Corporation Common 049513104 $603.46
$1,513.22
$47.30
- ---------------------------------------------------------------------------------------
Avant Immunotherapeutics-warrants Common warrants 053491106 $0.00
$0.00
$0.00
- ---------------------------------------------------------------------------------------
Avigen, Inc. Common 053690103 $4,747.85
$12,013.46
$374.17
- ---------------------------------------------------------------------------------------
Aviron Common 053762100 $434.07
$1,069.91
$33.78
- ---------------------------------------------------------------------------------------
Avax Technologies Common 053495305 $801.69
$1,996.09
$125.45
- ---------------------------------------------------------------------------------------
Biochem Pharma Inc. Common 095T108 $730.63
$1,864.08
$57.90
- ---------------------------------------------------------------------------------------
Biocryst Pharma Inc. Common 09058V103 $3,857.27
$9,770.40
$304.00
- ---------------------------------------------------------------------------------------
Biogen Common 090597105 $1,742.81
$4,430.00
$137.75
- ---------------------------------------------------------------------------------------
Biotransplant, Inc. Common 09066Y107 $1,386.84
$3,446.30
$108.11
- ---------------------------------------------------------------------------------------
Banyan Systems, Inc. Common 066908104 $561.34
$1,394.90
$43.76
- ---------------------------------------------------------------------------------------
Brocade Communications Systems, Inc. Common 111621108 $402.14
$1,000.23
$31.33
- ---------------------------------------------------------------------------------------
Brae Land Corp. Common 104803101 $0.00
$0.00
$0.00
- ---------------------------------------------------------------------------------------
Brio Technology, Inc Common 109704106 $473.89
$1,175.45
$36.96
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ---------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Aspect Telecommunications 2,849 SH X No. 2 X
7,327 SH X No. 1 X
224 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Astea International Inc. 28,341 SH X No. 2 X
72,032 SH X No. 1 X
2,227 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Atmel Corporation 20,413 SH X No. 2 X
51,187 SH X No. 1 X
1,600 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Avant Immunotherapeutics-warrants 20 SH X No. 2 X
20 SH X No. 1 X
0 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Avigen, Inc. 153,156 SH X No. 2 X
387,531 SH X No. 1 X
12,070 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Aviron 27,451 SH X No. 2 X
67,662 SH X No. 1 X
2,136 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Avax Technologies 121,578 SH X No. 2 X
302,713 SH X No. 1 X
19,025 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Biochem Pharma Inc. 33,592 SH X No. 2 X
85,705 SH X No. 1 X
2,662 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Biocryst Pharma Inc. 130,755 SH X No. 2 X
331,200 SH X No. 1 X
10,305 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Biogen 20,625 SH X No. 2 X
52,426 SH X No. 1 X
1,630 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Biotransplant, Inc. 165,593 SH X No. 2 X
411,498 SH X No. 1 X
12,909 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Banyan Systems, Inc. 28,067 SH X No. 2 X
69,745 SH X No. 1 X
2,188 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Brocade Communications Systems, Inc. 2,272 SH X No. 2 X
5,651 SH X No. 1 X
177 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Brae Land Corp. 0 SH X No. 2 X
0 SH X No. 1 X
0 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Brio Technology, Inc 11,283 SH X No. 2 X
27,987 SH X No. 1 X
880 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- -----------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- -----------------------------------------------------------------------------------
<S> <C> <C> <C>
Blue Water Systems Inc Common 096081104 $267.41
$664.49
$20.85
- -----------------------------------------------------------------------------------
Caliper Technologie Common 130876105 $374.73
$931.03
$29.24
- -----------------------------------------------------------------------------------
Care Group, Inc. Common 141653105 $0.04
$0.04
$0.00
- -----------------------------------------------------------------------------------
Cambrige Tech Partners Inc Common 132524109 $108.31
$266.54
$8.40
- -----------------------------------------------------------------------------------
Cell Genesys Common 150921104 $755.17
$1,876.58
$58.87
- -----------------------------------------------------------------------------------
Cephalon, Inc. Common 156708109 $292.40
$721.70
$22.78
- -----------------------------------------------------------------------------------
Collagenex Pharm. Common 19419B100 $104.75
$262.05
$8.20
- -----------------------------------------------------------------------------------
Chiron Common 170040109 $1,908.95
$4,892.15
$151.53
- -----------------------------------------------------------------------------------
Clarent Corp Common 180461105 $175.56
$444.34
$13.76
- -----------------------------------------------------------------------------------
Collateral Thera, Inc. Common 193921103 $761.98
$1,778.80
$36.09
- -----------------------------------------------------------------------------------
Covad Communications Common 222814204 $15.77
$38.93
$1.23
- -----------------------------------------------------------------------------------
Pe Celera Genomics Common 69332S201 $1,053.28
$2,604.52
$82.10
- -----------------------------------------------------------------------------------
Cisco Systems Common 17275R102 $1,694.72
$4,332.88
$134.44
- -----------------------------------------------------------------------------------
CV Therapeutics Common 126667104 $1,049.20
$2,900.73
$90.83
- -----------------------------------------------------------------------------------
Cybear Inc Common 23243P103 $289.17
$733.43
$22.82
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Blue Water Systems Inc 28,909 SH X No. 2 X
71,837 SH X No. 1 X
2,254 SH X X
- -----------------------------------------------------------------------------------------------------------------
Caliper Technologie 5,614 SH X No. 2 X
13,948 SH X No. 1 X
438 SH X X
- -----------------------------------------------------------------------------------------------------------------
Care Group, Inc. 100 SH X No. 2 X
100 SH X No. 1 X
0 SH X X
- -----------------------------------------------------------------------------------------------------------------
Cambrige Tech Partners Inc 4,126 SH X No. 2 X
10,154 SH X No. 1 X
320 SH X X
- -----------------------------------------------------------------------------------------------------------------
Cell Genesys 58,940 SH X No. 2 X
146,465 SH X No. 1 X
4,595 SH X X
- -----------------------------------------------------------------------------------------------------------------
Cephalon, Inc. 8,460 SH X No. 2 X
20,881 SH X No. 1 X
659 SH X X
- -----------------------------------------------------------------------------------------------------------------
Collagenex Pharm. 4,190 SH X No. 2 X
10,482 SH X No. 1 X
328 SH X X
- -----------------------------------------------------------------------------------------------------------------
Chiron 45,049 SH X No. 2 X
115,449 SH X No. 1 X
3,576 SH X X
- -----------------------------------------------------------------------------------------------------------------
Clarent Corp 2,258 SH X No. 2 X
5,715 SH X No. 1 X
177 SH X X
- -----------------------------------------------------------------------------------------------------------------
Collateral Thera, Inc. 39,842 SH X No. 2 X
93,009 SH X No. 1 X
1,887 SH X X
- -----------------------------------------------------------------------------------------------------------------
Covad Communications 282 SH X No. 2 X
696 SH X No. 1 X
22 SH X X
- -----------------------------------------------------------------------------------------------------------------
Pe Celera Genomics 7,069 SH X No. 2 X
17,480 SH X No. 1 X
551 SH X X
- -----------------------------------------------------------------------------------------------------------------
Cisco Systems 15,820 SH X No. 2 X
40,447 SH X No. 1 X
1,255 SH X X
- -----------------------------------------------------------------------------------------------------------------
CV Therapeutics 40,257 SH X No. 2 X
111,299 SH X No. 1 X
3,485 SH X X
- -----------------------------------------------------------------------------------------------------------------
Cybear Inc 42,447 SH X No. 2 X
107,659 SH X No. 1 X
3,350 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------
<S> <C> <C> <C>
Cygnus Therapeutics Common 232560102 $1,411.35
$3,023.53
$38.07
- ---------------------------------------------------------------------------------
Cypress Bioscience Common 232674101 $7,305.45
$17,099.75
$537.50
- ---------------------------------------------------------------------------------
Deltathree.com, Inc Common 24783N102 $341.70
$841.95
$26.60
- ---------------------------------------------------------------------------------
Digene Corporation Common 253752109 $369.06
$909.98
$28.77
- ---------------------------------------------------------------------------------
Digital Generation Sys Inc Common 253921100 $99.99
$248.47
$7.79
- ---------------------------------------------------------------------------------
Digital Impact Inc. Common 25385G106 $2.81
$7.02
$0.20
- ---------------------------------------------------------------------------------
Ditech Communication Corp Common 25500M103 $2,460.08
$6,244.49
$194.01
- ---------------------------------------------------------------------------------
Genentech Common 368710406 $4,486.25
$11,302.71
$353.06
- ---------------------------------------------------------------------------------
Discovery Laboratories, Inc. Common 254668106 $487.88
$1,158.77
$2.43
- ---------------------------------------------------------------------------------
e-MedSoft.com Common N/A $894.62
$2,223.13
$69.74
- ---------------------------------------------------------------------------------
Endorex Corporation Common 29264N307 $2,701.12
$6,004.24
$41.54
- ---------------------------------------------------------------------------------
eBay Inc. Common 278642103 $179.52
$451.55
$13.65
- ---------------------------------------------------------------------------------
Ebank.com Common 278608104 $203.22
$500.99
$16.04
- ---------------------------------------------------------------------------------
eBenX, Inc. Common 278668108 $19.05
$47.33
$1.49
- ---------------------------------------------------------------------------------
EMC Corp. Common 268648102 $700.84
$1,735.33
$54.73
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- --------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Cygnus Therapeutics 77,334 SH X No. 2 X
165,673 SH X No. 1 X
2,086 SH X X
- --------------------------------------------------------------------------------------------------------------
Cypress Bioscience 4,030,592 SH X No. 2 X
9,434,343 SH X No. 1 X
296,550 SH X X
- --------------------------------------------------------------------------------------------------------------
Deltathree.com, Inc 13,270 SH X No. 2 X
32,697 SH X No. 1 X
1,033 SH X X
- --------------------------------------------------------------------------------------------------------------
Digene Corporation 21,165 SH X No. 2 X
52,185 SH X No. 1 X
1,650 SH X X
- --------------------------------------------------------------------------------------------------------------
Digital Generation Sys Inc 14,033 SH X No. 2 X
34,873 SH X No. 1 X
1,094 SH X X
- --------------------------------------------------------------------------------------------------------------
Digital Impact Inc. 56 SH X No. 2 X
140 SH X No. 1 X
4 SH X X
- --------------------------------------------------------------------------------------------------------------
Ditech Communication Corp 26,311 SH X No. 2 X
66,786 SH X No. 1 X
2,075 SH X X
- --------------------------------------------------------------------------------------------------------------
Genentech 33,355 SH X No. 2 X
84,035 SH X No. 1 X
2,625 SH X X
- --------------------------------------------------------------------------------------------------------------
Discovery Laboratories, Inc. 175,432 SH X No. 2 X
416,675 SH X No. 1 X
873 SH X X
- --------------------------------------------------------------------------------------------------------------
e-MedSoft.com 140,333 SH X No. 2 X
348,727 SH X No. 1 X
10,940 SH X X
- --------------------------------------------------------------------------------------------------------------
Endorex Corporation 982,226.33 SH X No. 2 X
2,183,360 SH X No. 1 X
15,105 SH X X
- --------------------------------------------------------------------------------------------------------------
eBay Inc. 1,434 SH X No. 2 X
3,607 SH X No. 1 X
109 SH X X
- --------------------------------------------------------------------------------------------------------------
Ebank.com 18,904 SH X No. 2 X
46,604 SH X No. 1 X
1,492 SH X X
- --------------------------------------------------------------------------------------------------------------
eBenX, Inc. 421 SH X No. 2 X
1,046 SH X No. 1 X
33 SH X X
- --------------------------------------------------------------------------------------------------------------
EMC Corp. 6,415 SH X No. 2 X
15,884 SH X No. 1 X
501 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- -----------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- -----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Emisphere Technologies Common 291345106 $84.39
$209.66
$6.58
- -----------------------------------------------------------------------------------------
Enzo Biochem Inc. Common 294100102 $0.00
$0.00
$2.12
- -----------------------------------------------------------------------------------------
Enzon, Inc. Common 293904108 $21,154.29
$52,520.23
$1,648.73
- -----------------------------------------------------------------------------------------
E-Net, Inc Common 268745106 $349.08
$867.45
$27.21
- -----------------------------------------------------------------------------------------
Extreme Networks, Inc. Common 30226D106 $424.93
$1,045.00
$33.07
- -----------------------------------------------------------------------------------------
Flamel Technologies Common 338488109 $130.14
$327.18
$10.18
- -----------------------------------------------------------------------------------------
Focal Inc. Common 343909107 $396.97
$986.46
$30.95
- -----------------------------------------------------------------------------------------
Gilead Sciences, Inc. Common 375558103 $614.81
$1,563.29
$48.60
- -----------------------------------------------------------------------------------------
Generex Biotechnology Corp. Common 371485103 $50.39
$116.93
$0.00
- -----------------------------------------------------------------------------------------
Genta, Inc. Common 37245M207 $15,392.64
$33,827.63
$3,243.91
- -----------------------------------------------------------------------------------------
Globespan, Inc Common 379571102 $182.81
$454.18
$14.26
- -----------------------------------------------------------------------------------------
Guilford Pharmaceuticals Inc. Common 401829106 $606.54
$1,370.12
$29.34
- -----------------------------------------------------------------------------------------
Healthcentral.com Common 42221V106 $122.29
$270.34
$9.56
- -----------------------------------------------------------------------------------------
Hemisphere Biopharma Inc. - Warrants Common warrants 42366C103 $0.59
$0.59
$0.00
- -----------------------------------------------------------------------------------------
Human Genome Sciences Inc. Common 444903108 $880.95
$2,234.58
$69.29
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ---------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Emisphere Technologies 2,807 SH X No. 2 X
6,974 SH X No. 1 X
219 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Enzo Biochem Inc. 0 SH X No. 2 X
0 SH X No. 1 X
46 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Enzon, Inc. 487,707 SH X No. 2 X
1,210,841 SH X No. 1 X
38,011 SH X X
- ---------------------------------------------------------------------------------------------------------------------
E-Net, Inc 28,067 SH X No. 2 X
69,745 SH X No. 1 X
2,188 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Extreme Networks, Inc. 5,089 SH X No. 2 X
12,515 SH X No. 1 X
396 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Flamel Technologies 61,241 SH X No. 2 X
153,967 SH X No. 1 X
4,792 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Focal Inc. 102,443 SH X No. 2 X
254,571 SH X No. 1 X
7,986 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. 11,359 SH X No. 2 X
28,883 SH X No. 1 X
898 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Generex Biotechnology Corp. 7,077 SH X No. 2 X
16,423 SH X No. 1 X
0 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Genta, Inc. 2,391,089 SH X No. 2 X
5,254,778 SH X No. 1 X
503,909 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Globespan, Inc 2,807 SH X No. 2 X
6,974 SH X No. 1 X
219 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Guilford Pharmaceuticals Inc. 35,679 SH X No. 2 X
80,595 SH X No. 1 X
1,726 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Healthcentral.com 16,723 SH X No. 2 X
36,970 SH X No. 1 X
1,307 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Hemisphere Biopharma Inc. - Warrants 100 SH X No. 2 X
100 SH X No. 1 X
0 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Human Genome Sciences Inc. 5,772 SH X No. 2 X
14,641 SH X No. 1 X
454 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- -----------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- -----------------------------------------------------------------------------------
<S> <C> <C> <C>
IBASIS INC. Common 450732102 $59.40
$145.88
$4.60
- -----------------------------------------------------------------------------------
IDEC Pharmaceuticals Common 449370105 $4,547.99
$11,678.88
$359.30
- -----------------------------------------------------------------------------------
Ilex Oncology Inc. Common 451923106 $1,267.74
$3,226.86
$100.22
- -----------------------------------------------------------------------------------
Imclone Systems Common 45245W109 $1,814.55
$4,609.73
$143.40
- -----------------------------------------------------------------------------------
Immunomedics, Inc Common 452907108 $8,917.57
$22,222.15
$695.97
- -----------------------------------------------------------------------------------
Immunex Corp. Common 452528102 $3,531.92
$8,990.72
$279.23
- -----------------------------------------------------------------------------------
Infence Corp. Common 45662K109 $305.97
$757.07
$23.84
- -----------------------------------------------------------------------------------
Digital Island, Inc. Common 25385N101 $229.54
$570.65
$17.88
- -----------------------------------------------------------------------------------
Intraware, Inc. Common 46118M103 $309.76
$769.24
$24.14
- -----------------------------------------------------------------------------------
King Pharmaceuticals Inc. Common 495582108 $157.31
$391.09
$12.22
- -----------------------------------------------------------------------------------
Level One Communications, Inc. Common 52729M102 $107.66
$274.39
$8.50
- -----------------------------------------------------------------------------------
Linear Technology Corp. Common 535678106 $138.69
$351.37
$10.88
- -----------------------------------------------------------------------------------
Lorus Therapeutics Inc. Common 544191109 $1,430.35
$3,566.62
$111.63
- -----------------------------------------------------------------------------------
Lynxtherapeutics Inc Common 551812308 $254.44
$632.25
$19.81
- -----------------------------------------------------------------------------------
Manugistics Group, Inc. Common 565011103 $341.09
$869.69
$26.79
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IBASIS INC. 2,066 SH X No. 2 X
5,074 SH X No. 1 X
160 SH X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals 46,290 SH X No. 2 X
118,869 SH X No. 1 X
3,657 SH X X
- -------------------------------------------------------------------------------------------------------------------
Ilex Oncology Inc. 52,549 SH X No. 2 X
133,756 SH X No. 1 X
4,154 SH X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Systems 45,793 SH X No. 2 X
116,334 SH X No. 1 X
3,619 SH X X
- -------------------------------------------------------------------------------------------------------------------
Immunomedics, Inc 727,965 SH X No. 2 X
1,814,053 SH X No. 1 X
56,814 SH X X
- -------------------------------------------------------------------------------------------------------------------
Immunex Corp. 32,255 SH X No. 2 X
82,107 SH X No. 1 X
2,550 SH X X
- -------------------------------------------------------------------------------------------------------------------
Infence Corp. 66,155 SH X No. 2 X
163,690 SH X No. 1 X
5,155 SH X X
- -------------------------------------------------------------------------------------------------------------------
Digital Island, Inc. 2,413 SH X No. 2 X
5,999 SH X No. 1 X
188 SH X X
- -------------------------------------------------------------------------------------------------------------------
Intraware, Inc. 3,875 SH X No. 2 X
9,623 SH X No. 1 X
302 SH X X
- -------------------------------------------------------------------------------------------------------------------
King Pharmaceuticals Inc. 2,806 SH X No. 2 X
6,976 SH X No. 1 X
218 SH X X
- -------------------------------------------------------------------------------------------------------------------
Level One Communications, Inc. 3,115 SH X No. 2 X
7,939 SH X No. 1 X
246 SH X X
- -------------------------------------------------------------------------------------------------------------------
Linear Technology Corp. 1,938 SH X No. 2 X
4,910 SH X No. 1 X
152 SH X X
- -------------------------------------------------------------------------------------------------------------------
Lorus Therapeutics Inc. 1,607,131 SH X No. 2 X
4,007,442 SH X No. 1 X
125,427 SH X X
- -------------------------------------------------------------------------------------------------------------------
Lynxtherapeutics Inc 7,859 SH X No. 2 X
19,529 SH X No. 1 X
612 SH X X
- -------------------------------------------------------------------------------------------------------------------
Manugistics Group, Inc. 10,556 SH X No. 2 X
26,915 SH X No. 1 X
829 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ----------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ----------------------------------------------------------------------------------
<S> <C> <C> <C>
Maxim Pharmaceuticals, Inc. Common 57772M107 $656.94
$1,469.44
$20.22
- ----------------------------------------------------------------------------------
Maxygen Inc Common 577776107 $368.63
$916.11
$28.76
- ----------------------------------------------------------------------------------
Mcleod USA, Inc Common 582266102 $99.15
$246.39
$7.71
- ----------------------------------------------------------------------------------
MedImmune, Inc. Common 584699102 $5,293.73
$13,165.50
$412.86
- ----------------------------------------------------------------------------------
Medarex Inc. Common 583916101 $522.73
$1,299.02
$40.75
- ----------------------------------------------------------------------------------
Millenium Pharmaceutical inc Common 599902103 $1,397.63
$3,552.40
$110.29
- ----------------------------------------------------------------------------------
Multex.com, Inc Common 625367107 $300.36
$744.75
$23.44
- ----------------------------------------------------------------------------------
Medical Manager Corp Common 584614103 $537.18
$1,358.45
$42.13
- ----------------------------------------------------------------------------------
Modem Media Poppe Tyson Inc. Common 607533106 $356.10
$889.75
$27.94
- ----------------------------------------------------------------------------------
Medicis Pharmaceuticals Common 584690309 $119.47
$296.83
$9.32
- ----------------------------------------------------------------------------------
Monsato Co. Common 611662107 $21.26
$3.54
$3.54
- ----------------------------------------------------------------------------------
MotherNature.com Common 61978K105 $2.46
$6.12
$0.19
- ----------------------------------------------------------------------------------
Metalink, Ltd. Common N/A $28.20
$71.46
$2.22
- ----------------------------------------------------------------------------------
Nexell Therapeutics Inc. Common 65332H104 $1,771.91
$3,860.91
$25.69
- ----------------------------------------------------------------------------------
Nexmed Inc. Common 652903105 $836.58
$1,909.77
$44.90
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Maxim Pharmaceuticals, Inc. 32,847 SH X No. 2 X
73,472 SH X No. 1 X
1,011 SH X X
- ------------------------------------------------------------------------------------------------------------------
Maxygen Inc 5,192 SH X No. 2 X
12,903 SH X No. 1 X
405 SH X X
- ------------------------------------------------------------------------------------------------------------------
Mcleod USA, Inc 1,684 SH X No. 2 X
4,185 SH X No. 1 X
131 SH X X
- ------------------------------------------------------------------------------------------------------------------
MedImmune, Inc. 31,914 SH X No. 2 X
79,370 SH X No. 1 X
2,489 SH X X
- ------------------------------------------------------------------------------------------------------------------
Medarex Inc. 14,033 SH X No. 2 X
34,873 SH X No. 1 X
1,094 SH X X
- ------------------------------------------------------------------------------------------------------------------
Millenium Pharmaceutical inc 11,456 SH X No. 2 X
29,118 SH X No. 1 X
904 SH X X
- ------------------------------------------------------------------------------------------------------------------
Multex.com, Inc 7,983 SH X No. 2 X
19,794 SH X No. 1 X
623 SH X X
- ------------------------------------------------------------------------------------------------------------------
Medical Manager Corp 6,376 SH X No. 2 X
16,124 SH X No. 1 X
500 SH X X
- ------------------------------------------------------------------------------------------------------------------
Modem Media Poppe Tyson Inc. 5,060 SH X No. 2 X
12,643 SH X No. 1 X
397 SH X X
- ------------------------------------------------------------------------------------------------------------------
Medicis Pharmaceuticals 2,807 SH X No. 2 X
6,974 SH X No. 1 X
219 SH X X
- ------------------------------------------------------------------------------------------------------------------
Monsato Co. 600 SH X No. 2 X
100 SH X No. 1 X
100 SH X X
- ------------------------------------------------------------------------------------------------------------------
MotherNature.com 337 SH X No. 2 X
837 SH X No. 1 X
26 SH X X
- ------------------------------------------------------------------------------------------------------------------
Metalink, Ltd. 1,384 SH X No. 2 X
3,507 SH X No. 1 X
109 SH X X
- ------------------------------------------------------------------------------------------------------------------
Nexell Therapeutics Inc. 1,417,531 SH X No. 2 X
3,088,726 SH X No. 1 X
20,551 SH X X
- ------------------------------------------------------------------------------------------------------------------
Nexmed Inc. 202,807 SH X No. 2 X
462,974 SH X No. 1 X
10,886 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C>
NetObjects, Inc Common 64114L102 $167.10
$410.64
$12.97
- ---------------------------------------------------------------------------------------
Nokia Corp. Common 654902204 $231.76
$590.77
$18.15
- ---------------------------------------------------------------------------------------
NPS Pharmaceuticals Inc. Common 62936P103 $171.90
$427.19
$13.40
- ---------------------------------------------------------------------------------------
Nortel Networks Corporation Common N/A $347.74
$872.44
$27.17
- ---------------------------------------------------------------------------------------
Neose Tech. Common 640522108 $1,274.11
$3,150.45
$140.10
- ---------------------------------------------------------------------------------------
Neurobiological Tech, Inc. Common 64124W106 $1,124.39
$2,772.33
$87.66
- ---------------------------------------------------------------------------------------
Next Level Communications, Inc. Common 65333U104 $147.95
$364.64
$11.53
- ---------------------------------------------------------------------------------------
On Technology Corp Common 68219P108 $154.93
$395.53
$12.17
- ---------------------------------------------------------------------------------------
Protein Design Labs Common 74369L103 $2,179.80
$5,557.16
$172.62
- ---------------------------------------------------------------------------------------
PE Corp. - PE Biosystems Group Common 69332S102 $179.63
$414.00
$13.23
- ---------------------------------------------------------------------------------------
Pack Port.com Inc. Common 69521P109 $15.08
$37.50
$1.17
- ---------------------------------------------------------------------------------------
Palatin Technologies Inc. Common 696077304 $473.55
$1,053.13
$3.91
- ---------------------------------------------------------------------------------------
PMS Sierra, Inc. Common 69344F106 $183.88
$466.67
$14.75
- ---------------------------------------------------------------------------------------
Primix Solutions Inc Common 741620108 $306.10
$762.59
$23.88
- ---------------------------------------------------------------------------------------
Parametric Tech Corp Common 699173100 $227.87
$566.26
$17.75
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- --------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NetObjects, Inc 10,127 SH X No. 2 X
24,887 SH X No. 1 X
786 SH X X
- --------------------------------------------------------------------------------------------------------------------
Nokia Corp. 1,213 SH X No. 2 X
3,092 SH X No. 1 X
95 SH X X
- --------------------------------------------------------------------------------------------------------------------
NPS Pharmaceuticals Inc. 14,033 SH X No. 2 X
34,873 SH X No. 1 X
1,094 SH X X
- --------------------------------------------------------------------------------------------------------------------
Nortel Networks Corporation 3,443 SH X No. 2 X
8,638 SH X No. 1 X
269 SH X X
- --------------------------------------------------------------------------------------------------------------------
Neose Tech. 88,634 SH X No. 2 X
219,162 SH X No. 1 X
9,746 SH X X
- --------------------------------------------------------------------------------------------------------------------
Neurobiological Tech, Inc. 352,750 SH X No. 2 X
869,750 SH X No. 1 X
27,500 SH X X
- --------------------------------------------------------------------------------------------------------------------
Next Level Communications, Inc. 1,976 SH X No. 2 X
4,870 SH X No. 1 X
154 SH X X
- --------------------------------------------------------------------------------------------------------------------
On Technology Corp 11,166 SH X No. 2 X
28,507 SH X No. 1 X
877 SH X X
- --------------------------------------------------------------------------------------------------------------------
Protein Design Labs 31,140 SH X No. 2 X
79,388 SH X No. 1 X
2,466 SH X X
- --------------------------------------------------------------------------------------------------------------------
PE Corp. - PE Biosystems Group 1,493 SH X No. 2 X
3,441 SH X No. 1 X
110 SH X X
- --------------------------------------------------------------------------------------------------------------------
Pack Port.com Inc. 1,403 SH X No. 2 X
3,488 SH X No. 1 X
109 SH X X
- --------------------------------------------------------------------------------------------------------------------
Palatin Technologies Inc. 189,420 SH X No. 2 X
421,252 SH X No. 1 X
1,565 SH X X
- --------------------------------------------------------------------------------------------------------------------
PMS Sierra, Inc. 1,147 SH X No. 2 X
2,911 SH X No. 1 X
92 SH X X
- --------------------------------------------------------------------------------------------------------------------
Primix Solutions Inc 35,749 SH X No. 2 X
89,062 SH X No. 1 X
2,789 SH X X
- --------------------------------------------------------------------------------------------------------------------
Parametric Tech Corp 8,420 SH X No. 2 X
20,924 SH X No. 1 X
656 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- -------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
Penwest Pharma Co. Common 709754105 $381.65
$960.99
$29.86
- -------------------------------------------------------------------------------------
Procept Common 742683402 $5,816.73
$11,061.01
$2.34
- -------------------------------------------------------------------------------------
Qualcomm, Inc. Common 747525103 $1,299.10
$3,308.33
$101.45
- -------------------------------------------------------------------------------------
QLogic Corp. Common 747277101 $180.50
$460.76
$14.23
- -------------------------------------------------------------------------------------
Quintus Corp. Common 748798105 $267.54
$683.90
$21.10
- -------------------------------------------------------------------------------------
QXL.Com PLC ADS WI Common 74912W101 $17.42
$40.65
$1.19
- -------------------------------------------------------------------------------------
Questcor Pharmaceutical Inc. Common 748354101 $65.98
$140.41
$4.36
- -------------------------------------------------------------------------------------
Repligen Corp. Common 759916109 $3,661.11
$9,276.48
$287.26
- -------------------------------------------------------------------------------------
Radio One, Inc. Common 75040P108 $155.76
$384.10
$12.14
- -------------------------------------------------------------------------------------
Rare Medium Group Inc Common 75382N109 $0.00
$0.00
$0.00
- -------------------------------------------------------------------------------------
Reckson Services Inc Common 75621J109 $1,278.38
$3,231.59
$100.55
- -------------------------------------------------------------------------------------
Sage, Inc Common 786632109 $60.14
$148.30
$4.69
- -------------------------------------------------------------------------------------
Siebel Systems Inc. Common 826170102 $187.24
$478.55
$14.62
- -------------------------------------------------------------------------------------
Sepracor Common 817315104 $816.51
$2,065.68
$62.29
- -------------------------------------------------------------------------------------
Schering-Plough Corp. Common 806605101 $38.14
$25.43
$0.00
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Penwest Pharma Co. 25,026 SH X No. 2 X
63,016 SH X No. 1 X
1,958 SH X X
- -----------------------------------------------------------------------------------------------------------------
Procept 1,577,417 SH X No. 2 X
2,999,597 SH X No. 1 X
634 SH X X
- -----------------------------------------------------------------------------------------------------------------
Qualcomm, Inc. 7,376 SH X No. 2 X
18,784 SH X No. 1 X
576 SH X X
- -----------------------------------------------------------------------------------------------------------------
QLogic Corp. 1,129 SH X No. 2 X
2,882 SH X No. 1 X
89 SH X X
- -----------------------------------------------------------------------------------------------------------------
Quintus Corp. 5,832 SH X No. 2 X
14,908 SH X No. 1 X
460 SH X X
- -----------------------------------------------------------------------------------------------------------------
QXL.Com PLC ADS WI 147 SH X No. 2 X
343 SH X No. 1 X
10 SH X X
- -----------------------------------------------------------------------------------------------------------------
Questcor Pharmaceutical Inc. 52,786 SH X No. 2 X
112,328 SH X No. 1 X
3,490 SH X X
- -----------------------------------------------------------------------------------------------------------------
Repligen Corp. 1,171,554 SH X No. 2 X
2,968,473 SH X No. 1 X
91,923 SH X X
- -----------------------------------------------------------------------------------------------------------------
Radio One, Inc. 1,693 SH X No. 2 X
4,175 SH X No. 1 X
132 SH X X
- -----------------------------------------------------------------------------------------------------------------
Rare Medium Group Inc 0 SH X No. 2 X
0 SH X No. 1 X
0 SH X X
- -----------------------------------------------------------------------------------------------------------------
Reckson Services Inc 20,495 SH X No. 2 X
51,809 SH X No. 1 X
1,612 SH X X
- -----------------------------------------------------------------------------------------------------------------
Sage, Inc 3,104 SH X No. 2 X
7,654 SH X No. 1 X
242 SH X X
- -----------------------------------------------------------------------------------------------------------------
Siebel Systems Inc. 2,229 SH X No. 2 X
5,697 SH X No. 1 X
174 SH X X
- -----------------------------------------------------------------------------------------------------------------
Sepracor 8,232 SH X No. 2 X
20,826 SH X No. 1 X
628 SH X X
- -----------------------------------------------------------------------------------------------------------------
Schering-Plough Corp. 900 SH X No. 2 X
600 SH X No. 1 X
0 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Shire Pharmaceuticals Group-ADR Common 82481R106 $122.62
$304.71
$9.55
- ---------------------------------------------------------------------------------------------------------
Solutia Inc. Common 834376105 $0.31
$0.00
$0.00
- ---------------------------------------------------------------------------------------------------------
Spectrian Corp. Common 847608106 $56.84
$144.95
$4.44
- ---------------------------------------------------------------------------------------------------------
Sun Microsystems, Inc. Common 866810104 $1,359.11
$3,467.73
$107.48
- ---------------------------------------------------------------------------------------------------------
Software.Com Inc. Common 83402P104 $199.20
$505.15
$15.65
- ---------------------------------------------------------------------------------------------------------
Taro Pharmaceuticals Common N/A $587.84
$1,492.96
$46.43
- ---------------------------------------------------------------------------------------------------------
Titan Pharmaceuticals Common 888314101 $5,701.27
$14,149.22
$444.18
- ---------------------------------------------------------------------------------------------------------
Transkaryotic Therapies Inc. Common 893735100 $942.40
$2,393.51
$74.42
- ---------------------------------------------------------------------------------------------------------
Triangle Pharmaceuticals Inc. Common 89589H104 $0.00
$0.00
$28.83
- ---------------------------------------------------------------------------------------------------------
TriQuint Semiconductor, Inc. Common 89674K103 $147.07
$372.69
$11.46
- ---------------------------------------------------------------------------------------------------------
Pharmaceutical & Medical Technology Growth Trust Series Common 4006094 $378.81
$873.14
$16.70
- ---------------------------------------------------------------------------------------------------------
Unify Corp. Common 904743101 $404.58
$1,011.78
$31.78
- ---------------------------------------------------------------------------------------------------------
United Thera Corp. Common 91307C102 $564.47
$1,392.60
$43.93
- ---------------------------------------------------------------------------------------------------------
Visible Genetics Inc. Common 92829S104 $231.57
$575.37
$18.06
- ---------------------------------------------------------------------------------------------------------
VISX Inc. Common 92844S105 $72.61
$180.50
$5.64
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Shire Pharmaceuticals Group-ADR 4,210 SH X No. 2 X
10,462 SH X No. 1 X
328 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Solutia Inc. 20 SH X No. 2 X
0 SH X No. 1 X
0 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Spectrian Corp. 2,012 SH X No. 2 X
5,131 SH X No. 1 X
157 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Sun Microsystems, Inc. 17,551 SH X No. 2 X
44,781 SH X No. 1 X
1,388 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Software.Com Inc. 2,075 SH X No. 2 X
5,262 SH X No. 1 X
163 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Taro Pharmaceuticals 40,541 SH X No. 2 X
102,963 SH X No. 1 X
3,202 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Titan Pharmaceuticals 300,067 SH X No. 2 X
744,696 SH X No. 1 X
23,378 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Transkaryotic Therapies Inc. 24,478 SH X No. 2 X
62,169 SH X No. 1 X
1,933 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Triangle Pharmaceuticals Inc. 0 SH X No. 2 X
0 SH X No. 1 X
2,250 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
TriQuint Semiconductor, Inc. 1,322 SH X No. 2 X
3,350 SH X No. 1 X
103 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Pharmaceutical & Medical Technology Growth Trust Series 36,595 SH X No. 2 X
84,349 SH X No. 1 X
1,613 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Unify Corp. 14,779 SH X No. 2 X
36,960 SH X No. 1 X
1,161 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
United Thera Corp. 12,271 SH X No. 2 X
30,274 SH X No. 1 X
955 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
Visible Genetics Inc. 7,719 SH X No. 2 X
19,179 SH X No. 1 X
602 SH X X
- ------------------------------------------------------------------------------------------------------------------------------------
VISX Inc. 1,403 SH X No. 2 X
3,488 SH X No. 1 X
109 SH X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C>
Wireless Facilities Inc Common 97653A103 $2.44
$6.11
$0.17
- ---------------------------------------------------------------------------------------
Western Wireless Corp. Common 95988E204 $94.79
$241.70
$7.28
- ---------------------------------------------------------------------------------------
Xenometrix-Wts Common warrants 984109116 $0.01
$0.02
$0.00
- ---------------------------------------------------------------------------------------
Xircom, Inc Common 983922105 $21.08
$52.28
$1.65
- ---------------------------------------------------------------------------------------
Yahoo Inc Common 984332106 $2,339.11
$5,773.78
$181.30
- ---------------------------------------------------------------------------------------
Abbott Laboratories. Calls 1/50 Long Calls 002824100 $67.79
$168.56
$5.44
- ---------------------------------------------------------------------------------------
Affymetrix Corp Call 2/60 Long Calls 00826T108 $594.34
$1,331.76
$33.02
- ---------------------------------------------------------------------------------------
Affymetrix Corp Call 2/65 Long Calls 00826T108 $568.01
$1,272.77
$31.56
- ---------------------------------------------------------------------------------------
Affymetrix CALL 5/110 Long Calls 00826T108 $104.16
$243.03
$0.00
- ---------------------------------------------------------------------------------------
Alza Call 4/30 Long Calls 022615108 $214.26
$531.46
$16.78
- ---------------------------------------------------------------------------------------
Amgen Call 1/28.5 Long Calls 031162100 $25.20
$59.85
$3.15
- ---------------------------------------------------------------------------------------
Amgen Call 1/30 Long Calls 031162100 $30.25
$75.63
$6.05
- ---------------------------------------------------------------------------------------
Amgen Call 1/31.25 Long Calls 031162100 $23.40
$55.58
$2.93
- ---------------------------------------------------------------------------------------
Amgen Call 1/32.5 Long Calls 031162100 $22.30
$52.96
$2.79
- ---------------------------------------------------------------------------------------
Amgen Call 1/33.75 Long Calls 031162100 $21.30
$50.59
$2.66
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ---------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Wireless Facilities Inc 56 SH X No. 2 X
140 SH X No. 1 X
4 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Western Wireless Corp. 1,420 SH X No. 2 X
3,621 SH X No. 1 X
109 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Xenometrix-Wts 12,000 SH X No. 2 X
18,000 SH X No. 1 X
0 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Xircom, Inc 281 SH X No. 2 X
697 SH X No. 1 X
22 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Yahoo Inc 5,406 SH X No. 2 X
13,344 SH X No. 1 X
419 SH X X
- ---------------------------------------------------------------------------------------------------------------------
Abbott Laboratories. Calls 1/50 18,700 SH Call X No. 2 X
46,500 SH Call X No. 1 X
1,500 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Affymetrix Corp Call 2/60 5,400 SH Call X No. 2 X
12,100 SH Call X No. 1 X
300 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Affymetrix Corp Call 2/65 5,400 SH Call X No. 2 X
12,100 SH Call X No. 1 X
300 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Affymetrix CALL 5/110 1,500 SH Call X No. 2 X
3,500 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Alza Call 4/30 28,100 SH Call X No. 2 X
69,700 SH Call X No. 1 X
2,200 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Amgen Call 1/28.5 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Amgen Call 1/30 1,000 SH Call X No. 2 X
2,500 SH Call X No. 1 X
200 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Amgen Call 1/31.25 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Amgen Call 1/32.5 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Amgen Call 1/33.75 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Amgen Call 1/35 Long Calls 031162100 $20.50
$48.69
$2.56
- --------------------------------------------------------------------------------------
Amgen Call 1/36.25 Long Calls 031162100 $19.40
$46.08
$2.43
- --------------------------------------------------------------------------------------
Amgen Call 1/37.5 Long Calls 031162100 $18.40
$43.70
$2.30
- --------------------------------------------------------------------------------------
Amgen Call 1/40 Long Calls 031162100 $22.55
$49.20
$4.10
- --------------------------------------------------------------------------------------
Amgen Call 1/42.5 Long Calls 031162100 $14.40
$36.00
$1.80
- --------------------------------------------------------------------------------------
Amgen Call 1/40 Long Calls 031162100 $232.40
$582.40
$14.00
- --------------------------------------------------------------------------------------
Amgen Call 1/33.75 Long Calls 031162100 $66.70
$145.00
$2.90
- --------------------------------------------------------------------------------------
Amgen Call 1/31.25 Long Calls 031162100 $71.30
$155.00
$3.10
- --------------------------------------------------------------------------------------
Amgen Call 1/27.5 Long Calls 031162100 $79.06
$171.88
$3.44
- --------------------------------------------------------------------------------------
Amgen Call 1/30 Long Calls 031162100 $73.89
$160.63
$3.21
- --------------------------------------------------------------------------------------
Amgen Call 1/32.5 Long Calls 031162100 $69.58
$151.25
$3.03
- --------------------------------------------------------------------------------------
Amgen Call 1/35 Long Calls 031162100 $65.55
$142.50
$2.85
- --------------------------------------------------------------------------------------
Amgen Call 1/26.25 Long Calls 031162100 $84.90
$180.41
$3.54
- --------------------------------------------------------------------------------------
Amgen Call 1/28.75 Long Calls 031162100 $76.48
$166.25
$3.33
- --------------------------------------------------------------------------------------
Andrx Corp Call 3/45 Long Calls 034551101 $9.61
$22.86
$0.66
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- --------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Amgen Call 1/35 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/36.25 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/37.5 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/40 1,100 SH Call X No. 2 X
2,400 SH Call X No. 1 X
200 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/42.5 800 SH Call X No. 2 X
2,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/40 8,300 SH Call X No. 2 X
20,800 SH Call X No. 1 X
500 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/33.75 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/31.25 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/27.5 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/30 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/32.5 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/35 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/26.25 2,400 SH Call X No. 2 X
5,100 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Amgen Call 1/28.75 2,300 SH Call X No. 2 X
5,000 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Andrx Corp Call 3/45 2,900 SH Call X No. 2 X
6,900 SH Call X No. 1 X
200 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Andrx Corp Call 3/50 Long Calls 034551101 $16.50
$38.63
$1.13
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/55 Long Calls 034551101 $15.62
$36.44
$1.06
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/60 Long Calls 034551101 $4.44
$10.19
$0.38
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/65 Long Calls 034551101 $2.44
$5.63
$0.19
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/70 Long Calls 034551101 $2.95
$6.85
$0.20
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/75 Long Calls 034551101 $2.55
$5.94
$0.23
- --------------------------------------------------------------------------------------
Andrx Corp. Call 3/80 Long Calls 034551101 $8.02
$18.77
$0.56
- --------------------------------------------------------------------------------------
Andrx Corp. Call 6/40 Long Calls 034551101 $17.40
$41.33
$0.73
- --------------------------------------------------------------------------------------
Andrx Corp. Call 6/45 Long Calls 034551101 $13.67
$32.40
$1.01
- --------------------------------------------------------------------------------------
Andrx Corp. Call 6/50 Long Calls 034551101 $33.79
$78.51
$2.65
- --------------------------------------------------------------------------------------
Amazon.com Put 1/33.375 Long Puts 023135106 $0.74
$1.71
$0.04
- --------------------------------------------------------------------------------------
Biogen Inc. Call 1/47.5 Long Calls 090597105 $51.98
115.09
$0.00
- --------------------------------------------------------------------------------------
Biogen Inc. Call 1/50 Long Calls 090597105 $48.30
106.95
$0.00
- --------------------------------------------------------------------------------------
Biogen Inc. Call 1/52.5 Long Calls 090597105 $44.98
$99.59
$0.00
- --------------------------------------------------------------------------------------
Biogen Inc. Call 1/55 Long Calls 090597105 $41.48
$91.84
$0.00
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ----------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Andrx Corp Call 3/50 8,800 SH Call X No. 2 X
20,600 SH Call X No. 1 X
600 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/55 14,700 SH Call X No. 2 X
34,300 SH Call X No. 1 X
1,000 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/60 7,100 SH Call X No. 2 X
16,300 SH Call X No. 1 X
600 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/65 6,500 SH Call X No. 2 X
15,000 SH Call X No. 1 X
500 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/70 11,800 SH Call X No. 2 X
27,400 SH Call X No. 1 X
800 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/75 13,600 SH Call X No. 2 X
31,700 SH Call X No. 1 X
1,200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 3/80 51,300 SH Call X No. 2 X
20,100 SH Call X No. 1 X
3,600 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/40 2,400 SH Call X No. 2 X
5,700 SH Call X No. 1 X
100 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/45 2,700 SH Call X No. 2 X
6,400 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Andrx Corp. Call 6/50 10,200 SH Call X No. 2 X
23,700 SH Call X No. 1 X
800 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Amazon.com Put 1/33.375 3,400 SH Put X No. 2 X
7,800 SH Put X No. 1 X
200 SH Put X X
- ----------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/47.5 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/50 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/52.5 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/55 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- -----------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- -----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Biogen Inc. Call 1/57.5 Long Calls 090597105 $37.98
$84.09
$0.00
- -----------------------------------------------------------------------------------------
Biogen Inc. Call 1/60 Long Calls 090597105 $34.30
$75.95
$0.00
- -----------------------------------------------------------------------------------------
Biogen Inc. Call 1/62.5 Long Calls 090597105 $31.15
$68.98
$0.00
- -----------------------------------------------------------------------------------------
Biogen Inc. Call 1/65 Long Calls 090597105 $27.56
$61.03
$0.00
- -----------------------------------------------------------------------------------------
Biogen Inc. Call 1/70 Long Calls 090597105 $20.83
$46.11
$0.00
- -----------------------------------------------------------------------------------------
Biogen Inc. Call 1/70 Long Calls 090597105 $14.88
$32.94
$0.00
- -----------------------------------------------------------------------------------------
Biogen Call 1/42.5 Long Calls 090597105 $122.51
$281.33
$4.54
- -----------------------------------------------------------------------------------------
Biogen Call 1/45 Long Calls 090597105 $117.79
$270.48
$4.36
- -----------------------------------------------------------------------------------------
Biogen Call 1/47.5 Long Calls 090597105 $111.38
$255.75
$4.13
- -----------------------------------------------------------------------------------------
Biogen Call 1/50 Long Calls 090597105 $105.98
$243.35
$3.93
- -----------------------------------------------------------------------------------------
Biogen Call 1/52.5 Long Calls 090597105 $100.91
$231.73
$3.74
- -----------------------------------------------------------------------------------------
Bristol-Myers Squibb Co. Calls 1/90 Long Calls 110122108 $27.00
$67.50
$2.03
- -----------------------------------------------------------------------------------------
Bristol Myers Squibb CO. Call 1/100 Long Calls 110122108 $25.18
$63.18
$1.90
- -----------------------------------------------------------------------------------------
Gilead Call 5/30 Long Calls 375558103 $36.23
$90.56
$2.59
- -----------------------------------------------------------------------------------------
Gilead Call 5/40 Long Calls 375558103 $25.38
$63.44
$1.81
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Biogen Inc. Call 1/57.5 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/60 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/62.5 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/65 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/70 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Inc. Call 1/70 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Call 1/42.5 2,700 SH Call X No. 2 X
6,200 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Call 1/45 2,700 SH Call X No. 2 X
6,200 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Call 1/47.5 2,700 SH Call X No. 2 X
6,200 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Call 1/50 2,700 SH Call X No. 2 X
6,200 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Biogen Call 1/52.5 2,700 SH Call X No. 2 X
6,200 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Bristol-Myers Squibb Co. Calls 1/90 4,000 SH Call X No. 2 X
10,000 SH Call X No. 1 X
300 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Bristol Myers Squibb CO. Call 1/100 5,300 SH Call X No. 2 X
13,300 SH Call X No. 1 X
400 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Gilead Call 5/30 1,400 SH Call X No. 2 X
3,500 SH Call X No. 1 X
100 SH Call X X
- ------------------------------------------------------------------------------------------------------------------------
Gilead Call 5/40 1,400 SH Call X No. 2 X
3,500 SH Call X No. 1 X
100 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ---------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C>
Glaxo Wellcome Plc-Spons Adr calls 1/70 Long Calls $31.50
$77.25
$2.25
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/25 Long Calls 449370105 $21.98
$51.28
$14.65
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/27.5 Long Calls 449370105 $21.23
$49.53
$14.15
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/30 Long Calls 449370105 $20.48
$47.78
$13.65
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/32.5 Long Calls 449370105 $19.73
$46.03
$13.15
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/35 Long Calls 449370105 $18.98
$44.28
$12.65
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/37.5 Long Calls 449370105 $18.23
$42.53
$12.15
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/40 Long Calls 449370105 $17.48
$40.78
$11.65
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/42.5 Long Calls 449370105 $16.80
$39.20
$11.20
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/45 Long Calls 449370105 $16.09
$37.54
$10.73
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/47.5 Long Calls 449370105 $15.34
$35.79
$10.23
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/50 Long Calls 449370105 $14.59
$34.04
$9.73
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/52.5 Long Calls 449370105 $13.84
$32.29
$9.23
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/55 Long Calls 449370105 $13.01
$30.36
$8.68
- ---------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/57.5 Long Calls 449370105 $12.34
$28.79
$8.23
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ----------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Glaxo Wellcome Plc-Spons Adr calls 1/70 4,200 SH Call X No. 2 X
10,300 SH Call X No. 1 X
300 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/25 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/27.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/30 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/32.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/35 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/37.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/40 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/42.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/45 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/47.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/50 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/52.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/55 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- ----------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/57.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
IDEC Pharmaceuticals Call 1/60 Long Calls 449370105 $11.48
$26.78
$7.65
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/62.5 Long Calls 449370105 $10.76
$25.11
$7.18
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/65 Long Calls 449370105 $10.01
$23.36
$6.68
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/42.5 Long Calls 449370105 $17.03
$39.73
$11.35
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/45 Long Calls 449370105 $16.31
$38.06
$10.88
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/47.5 Long Calls 449370105 $15.60
$36.40
$10.40
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/50 Long Calls 449370105 $14.89
$34.74
$9.93
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/52.5 Long Calls 449370105 $14.21
$33.16
$9.48
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/55 Long Calls 449370105 $13.58
$31.68
$9.05
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/57.5 Long Calls 449370105 $12.83
$29.93
$8.55
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/60 Long Calls 449370105 $12.30
$28.70
$8.20
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/62.5 Long Calls 449370105 $11.70
$27.30
$7.80
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/65 Long Calls 449370105 $10.95
$25.55
$7.30
- --------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/67.5 Long Calls 449370105 $10.50
$24.50
$7.00
- --------------------------------------------------------------------------------------
Imclone Call 5/20 Long Calls 45245W109 $59.09
138.55
$6.11
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IDEC Pharmaceuticals Call 1/60 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/62.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 1/65 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/42.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/45 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/47.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/50 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/52.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/55 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/57.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/60 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/62.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/65 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Call 4/67.5 300 SH Call X No. 2 X
700 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Call 5/20 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Imclone Call 5/25 Long Calls 45245W109 $47.49
$111.35
$4.91
- --------------------------------------------------------------------------------------
Imclone Call 5/30 Long Calls 45245W109 $37.34
$87.55
$3.86
- --------------------------------------------------------------------------------------
Imclone Call 5/35 Long Calls 45245W109 $28.64
$67.15
$2.96
- --------------------------------------------------------------------------------------
Imclone Call 5/40 Long Calls 45245W109 $22.11
$51.85
$2.29
- --------------------------------------------------------------------------------------
Imclone Call 5/22.5 Long Calls 45245W109 $52.93
$124.10
$5.48
- --------------------------------------------------------------------------------------
Johnson & Johnson Calls 1/75 Long Calls 478160104 $65.18
$162.94
$5.93
- --------------------------------------------------------------------------------------
Lilly (Eli) & Co. Call 1/105 Long Calls 532457108 $54.00
$133.20
$4.80
- --------------------------------------------------------------------------------------
Lilly (eli) & Co. Calls 1/85 Long Calls 532457108 $67.84
$168.08
$5.06
- --------------------------------------------------------------------------------------
Lilly (eli) & Co. Calls 1/60 Long Calls 532457108 $68.06
$167.89
$4.54
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/70 Long Calls 584699102 $67.73
$183.83
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/75 Long Calls 584699102 $73.40
$165.15
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/80 Long Calls 584699102 $69.50
$165.06
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/85 Long Calls 584699102 $65.60
$164.00
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/90 Long Calls 584699102 $69.53
$146.78
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/95 Long Calls 584699102 $65.14
$151.99
$0.00
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Imclone Call 5/25 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Call 5/30 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Call 5/35 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Call 5/40 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Imclone Call 5/22.5 2,900 SH Call X No. 2 X
6,800 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Calls 1/75 2,200 SH Call X No. 2 X
5,500 SH Call X No. 1 X
200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Lilly (Eli) & Co. Call 1/105 9,000 SH Call X No. 2 X
22,200 SH Call X No. 1 X
800 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Lilly (eli) & Co. Calls 1/85 6,700 SH Call X No. 2 X
16,600 SH Call X No. 1 X
500 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Lilly (eli) & Co. Calls 1/60 4,500 SH Call X No. 2 X
11,100 SH Call X No. 1 X
300 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/70 700 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/75 800 SH Call X No. 2 X
1,800 SH Call X No. 1 X
0 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/80 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/85 800 SH Call X No. 2 X
2,000 SH Call X No. 1 X
0 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/90 900 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- -------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/95 900 SH Call X No. 2 X
2,100 SH Call X No. 1 X
0 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Medimmune Inc. Call 3/100 Long Calls 584699102 $95.38
$197.56
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/105 Long Calls 584699102 $81.90
$163.80
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/110 Long Calls 584699102 $81.90
$163.80
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/115 Long Calls 584699102 $75.60
$167.40
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/120 Long Calls 584699102 $79.40
$168.73
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 3/125 Long Calls 584699102 $78.41
$175.28
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/100 Long Calls 584699102 $78.10
$177.50
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/105 Long Calls 584699102 $53.60
$127.30
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/110 Long Calls 584699102 $50.40
$119.70
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/115 Long Calls 584699102 $47.20
$112.10
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/120 Long Calls 584699102 $44.40
$105.45
$0.00
- --------------------------------------------------------------------------------------
Medimmune Inc. Call 6/125 Long Calls 584699102 $41.60
$98.80
$0.00
- --------------------------------------------------------------------------------------
Merck & Co., Inc. Call 1/90 Long Calls 589331107 $196.70
$487.90
$15.40
- --------------------------------------------------------------------------------------
Merk & Co., Inc. Calls 7/65 Long Calls 589331107 $68.00
$170.00
$5.10
- --------------------------------------------------------------------------------------
Miravant Medical Tech Call 3/10 Long Calls 604690107 $9.69
$22.34
$0.78
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- ---------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Medimmune Inc. Call 3/100 1,400 SH Call X No. 2 X
2,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/105 1,300 SH Call X No. 2 X
2,600 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/110 1,400 SH Call X No. 2 X
2,800 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/115 1,400 SH Call X No. 2 X
3,100 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/120 1,600 SH Call X No. 2 X
3,400 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 3/125 1,700 SH Call X No. 2 X
3,800 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/100 1,100 SH Call X No. 2 X
2,500 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/105 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/110 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/115 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/120 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Medimmune Inc. Call 6/125 800 SH Call X No. 2 X
1,900 SH Call X No. 1 X
0 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Merck & Co., Inc. Call 1/90 28,100 SH Call X No. 2 X
69,700 SH Call X No. 1 X
2,200 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Merk & Co., Inc. Calls 7/65 8,000 SH Call X No. 2 X
20,000 SH Call X No. 1 X
600 SH Call X X
- ---------------------------------------------------------------------------------------------------------------------
Miravant Medical Tech Call 3/10 6,200 SH Call X No. 2 X
14,300 SH Call X No. 1 X
500 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- ----------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Miravant Medical Tech Call 3/7.5 Long Calls 604690107 $0.90
$1.80
$0.30
- ----------------------------------------------------------------------------------------
Miravant Medical Tech Call 3/12.5 Long Calls 604690107 $22.88
$53.18
$1.58
- ----------------------------------------------------------------------------------------
Monsanto Call 1/55 Long Calls 611662107 $0.10
$0.23
$0.03
- ----------------------------------------------------------------------------------------
Monsanto Co. Calls 1/60 Long Calls 611662107 $22.09
$55.22
$1.78
- ----------------------------------------------------------------------------------------
Monsanto Co. Calls 1/60 Long Calls 611662107 $10.21
$25.53
$0.83
- ----------------------------------------------------------------------------------------
Pfizer Call 1/40 Long Calls 7170811033 $219.89
$542.68
$17.15
- ----------------------------------------------------------------------------------------
Pfizer Call 1/45 Long Calls 7170811033 $23.00
$57.50
$2.00
- ----------------------------------------------------------------------------------------
Pfizer Call 1/50 Long Calls 7170811033 $159.26
$395.25
$12.40
- ----------------------------------------------------------------------------------------
Pharmacia & Upjohn In. Calls 1/65 Long Calls $30.94
$76.88
$2.34
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/25 Long Calls 746927102 $10.13
$20.25
$3.38
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/27.5 Long Calls 746927102 $9.38
$18.75
$3.13
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/30 Long Calls 746927102 $8.74
$17.48
$2.91
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/32.5 Long Calls 746927102 $7.95
$15.90
$2.65
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/35 Long Calls 746927102 $7.31
$14.63
$2.44
- ----------------------------------------------------------------------------------------
Phototherapeutics Call 3/37.5 Long Calls 746927102 $6.66
$13.31
$2.22
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- -------------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Miravant Medical Tech Call 3/7.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Miravant Medical Tech Call 3/12.5 30,500 SH Call X No. 2 X
70,900 SH Call X No. 1 X
2,100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Monsanto Call 1/55 400 SH Call X No. 2 X
900 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Monsanto Co. Calls 1/60 6,200 SH Call X No. 2 X
15,500 SH Call X No. 1 X
500 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Monsanto Co. Calls 1/60 8,600 SH Call X No. 2 X
21,500 SH Call X No. 1 X
700 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/40 35,900 SH Call X No. 2 X
88,600 SH Call X No. 1 X
2,800 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/45 4,600 SH Call X No. 2 X
11,500 SH Call X No. 1 X
400 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Pfizer Call 1/50 41,100 SH Call X No. 2 X
102,000 SH Call X No. 1 X
3,200 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Pharmacia & Upjohn In. Calls 1/65 6,600 SH Call X No. 2 X
16,400 SH Call X No. 1 X
500 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/25 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/27.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/30 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/32.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/35 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- -------------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/37.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
</TABLE>
<PAGE>
- ----------------------------------------
Paramount Capital Asset Management, Inc.
Form 13F
At 12/31/99
- ----------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4
- --------------------------------------------------------------------------------------
CUSIP Fair Market
Name of Issuer Title of Class Number Value (x $1000)
-------------- -------------- ------ ---------------
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Phototherapeutics Call 3/40 Long Calls 746927102 $6.00
$12.00
$2.00
- --------------------------------------------------------------------------------------
Phototherapeutics Call 3/42.5 Long Calls 746927102 $5.36
$10.73
$1.79
- --------------------------------------------------------------------------------------
Phototherapeutics Call 3/45 Long Calls 746927102 $4.80
$9.60
$1.60
- --------------------------------------------------------------------------------------
Phototherapeutics Call 3/47.5 Long Calls 746927102 $4.28
$8.55
$1.43
- --------------------------------------------------------------------------------------
Phototherapeutics Call 3/50 Long Calls 746927102 $3.75
$7.50
$1.25
- --------------------------------------------------------------------------------------
Sapient Put 4/55 Long Puts 803062108 $1.00
$2.40
$0.10
- --------------------------------------------------------------------------------------
Sapient Put 4/50 Long Puts 803062108 $0.94
$2.13
$0.06
- --------------------------------------------------------------------------------------
Schering Plough Corp Call 1/55 Long Calls 806605101 $332.93
$828.00
$26.74
- --------------------------------------------------------------------------------------
Sepracor Inc Call Jan 0/85 Long Calls 817315104 $222.08
$524.48
$11.03
- --------------------------------------------------------------------------------------
Sepracor Inc Call Jan 0/90 Long Calls 817315104 $324.63
$735.00
$17.15
- --------------------------------------------------------------------------------------
Smithkline Beecham Call 1/80 Long Calls 832378301 $94.56
$233.75
$7.44
- --------------------------------------------------------------------------------------
Warner Lambert Co. Call 1/95 Long Calls 934488107 $70.44
$172.50
$5.75
- --------------------------------------------------------------------------------------
Warner-Lambert Co. Calls 1/100 Long Calls 934488107 $13.75
$33.75
$1.25
- --------------------------------------------------------------------------------------
Warner-Lambert Co. Calls 1/100 Long Calls 934488107 $13.50
$34.43
$1.35
- --------------------------------------------------------------------------------------
$673,080.89
-----------
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 5 Column 6 Column 7 Column 8
- --------------------------------------------------------------------------------------------------------------------
Shares or SH/ Put/ Investment Other Voting Authority
----------------
Name of Issuer Principal Amount PRN Call Discretion Managers Sole Shared None
-------------- ---------------- --- ---- ---------- -------- ---- ------ ----
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Phototherapeutics Call 3/40 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/42.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/45 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/47.5 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Phototherapeutics Call 3/50 300 SH Call X No. 2 X
600 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Sapient Put 4/55 2,000 SH Put X No. 2 X
4,800 SH Put X No. 1 X
200 SH Put X X
- --------------------------------------------------------------------------------------------------------------------
Sapient Put 4/50 3,000 SH Put X No. 2 X
6,800 SH Put X No. 1 X
200 SH Put X X
- --------------------------------------------------------------------------------------------------------------------
Schering Plough Corp Call 1/55 38,600 SH Call X No. 2 X
96,000 SH Call X No. 1 X
3,100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Sepracor Inc Call Jan 0/85 14,100 SH Call X No. 2 X
33,300 SH Call X No. 1 X
700 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Sepracor Inc Call Jan 0/90 26,500 SH Call X No. 2 X
60,000 SH Call X No. 1 X
1,400 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Smithkline Beecham Call 1/80 8,900 SH Call X No. 2 X
22,000 SH Call X No. 1 X
700 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Warner Lambert Co. Call 1/95 4,900 SH Call X No. 2 X
12,000 SH Call X No. 1 X
400 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Warner-Lambert Co. Calls 1/100 1,100 SH Call X No. 2 X
2,700 SH Call X No. 1 X
100 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
Warner-Lambert Co. Calls 1/100 2,000 SH Call X No. 2 X
5,100 SH Call X No. 1 X
200 SH Call X X
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
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