UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BNP/Cooper Neff Advisors, Inc.
Address: 555 Croton Road, 4th Floor
King of Prussia, PA 19406
13F File Number: 28-5262
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Catherine J. Beckett
Title: Chief Financial Officer
Phone: 610-491-1596
Signature, Place, and Date of Signing:
Catherine J. Beckett
King of Prussia, PA
January 26, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
managers(s).)
List of Other Managers Reporting for this Manager:
**NONE**
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 291
Form 13F Information Table Value Total: 2452850
List of Other Included Managers:
No. 13F File Number Name
**NONE**
<PAGE>
<TABLE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 1 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 COM CORP COM 885535104 9400 200000 SH PUT SOLE 200000 0 0
A T & T CORP COM 001957109 2320 45650 SH SOLE 45650 0 0
A T & T CORP COM 001957109 2541 50000 SH PUT SOLE 50000 0 0
A T & T CORP COM 001957109 2541 50000 SH CALL SOLE 50000 0 0
ABBOTT LABORATORIES COM 002824100 316 8700 SH SOLE 8700 0 0
ADELPHIA COMMUNICATIONS PFD CV 006848402 1460 7635 SH SOLE 7635 0 0
ADVANCED MICRO DEVICES INDUSTR BOND CV 007903AC1 2465 2515000 PRN SOLE 0 0 0
AES TRUST I CORP TERM CONV SEC PFD CV 001033208 2708 26100 SH SOLE 26100 0 0
AES TRUST III CONV PFD 6.75% PFD CV 00808N202 10996 177000 SH SOLE 177000 0 0
AFFILIATED COMPUTER SVCS BOND CV 008190AD2 7511 6150000 PRN SOLE 0 0 0
AFFYMETRIX 144A CONV NTS BOND CV 00826TAA6 9105 6000000 PRN SOLE 0 0 0
ALPHARMA INC 144A PRVT PLCT BOND CV 020813AC5 7064 6400000 PRN SOLE 0 0 0
ALPHARMA INC CONV 144A PVT PLC BOND CV 020813AA9 5137 4250000 PRN SOLE 0 0 0
ALPHARMA INC SR SUB NTS BOND CV 020813AD3 1104 1000000 PRN SOLE 0 0 0
AMAZON COMM INC COM 023135106 4187 55000 SH CALL SOLE 55000 0 0
AMAZON COMM INC COM 023135106 4948 65000 SH PUT SOLE 65000 0 0
AMAZON COMM INC COM 023135106 585 7686 SH SOLE 7686 0 0
AMAZON.COM INC CONV SUB NTS 14 BOND CV 023135AD8 3446 3000000 PRN SOLE 0 0 0
AMERICA ONLINE INC COM 02364J104 31109 410000 SH PUT SOLE 410000 0 0
AMERICA ONLINE INC COM 02364J104 79669 1050000 SH CALL SOLE 1050000 0 0
AMERICAN EXPRESS CO COM 025816109 7365 44300 SH SOLE 44300 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 1963 50000 SH CALL SOLE 50000 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 7850 200000 SH PUT SOLE 200000 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 7952 202600 SH SOLE 202600 0 0
AMERICAN INTL GROUP INC COM 026874107 6758 62500 SH PUT SOLE 62500 0 0
AMERICAN INTL GROUP INC COM 026874107 1211 11200 SH SOLE 11200 0 0
AMERICAN TOWER CONV BOND BOND CV 029912AB8 6475 4600000 PRN SOLE 0 0 0
AMERICAN TOWER CORP SERIES 144 BOND CV 029912AA0 6334 4500000 PRN SOLE 0 0 0
AMERITRADE HLD INC SER 144A PR BOND CV 03072HAA7 1409 1650000 PRN SOLE 0 0 0
AMGEN INC COM 031162100 3904 65000 SH CALL SOLE 65000 0 0
AMGEN INC COM 031162100 24025 400000 SH PUT SOLE 400000 0 0
AMGEN INC COM 031162100 450 7500 SH SOLE 7500 0 0
AMKOR TECHNOLOGIES INC BOND CV 031652AA8 21890 9984000 PRN SOLE 0 0 0
ANTEC CORP CONV SUB NOTES BOND CV 03664PAB1 9006 5500000 PRN SOLE 0 0 0
APPLE COMPUTER INC COM 037833100 14908 145000 SH CALL SOLE 145000 0 0
APPLE COMPUTER INC COM 037833100 19534 190000 SH PUT SOLE 190000 0 0
APPLIED MATERIALS INC COM 038222105 31672 250000 SH PUT SOLE 250000 0 0
APPLIED MATERIALS INC COM 038222105 6334 50000 SH CALL SOLE 50000 0 0
AT HOME CORP SER A COM 045919107 2144 50000 SH PUT SOLE 50000 0 0
AT HOME CORP SER A COM 045919107 2144 50000 SH CALL SOLE 50000 0 0
AT HOME CORP SER A COM 045919107 1458 34000 SH SOLE 34000 0 0
AVRION CONV SUB NOTES BOND CV 053762AC4 2352 3295000 PRN SOLE 0 0 0
BANK OF AMERICA CORP COM 060505104 537 10700 SH SOLE 10700 0 0
BANK ONE CORP COM 06423A103 9600 300000 SH PUT SOLE 300000 0 0
BANK ONE CORP COM 06423A103 3133 97900 SH SOLE 97900 0 0
BANK ONE CORP COM 06423A103 3200 100000 SH CALL SOLE 100000 0 0
BARRICKS GOLD CORP. COM 067901108 354 20000 SH CALL SOLE 20000 0 0
BAXTER INTERNATIONAL INC COM 071813109 415 6600 SH SOLE 6600 0 0
BEAR STEARNS COS INC COM 073902108 4489 105000 SH CALL SOLE 105000 0 0
BEAR STEARNS COS INC COM 073902108 385 9000 SH SOLE 9000 0 0
BELL ATLANTIC COM 077853109 8699 141300 SH SOLE 141300 0 0
BELL ATLANTIC COM 077853109 21547 350000 SH PUT SOLE 350000 0 0
BELL ATLANTIC FINL SERV 144A P BOND CV 07785GAB6 258 250000 PRN SOLE 0 0 0
<PAGE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 2 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BELL ATLANTIC FINL SERV EXCH N BOND CV 07785GAC4 9375 7500000 PRN SOLE 0 0 0
BELLSOUTH CORP COM 079860102 234 5000 SH SOLE 5000 0 0
BENCHMARK ELECTRONIC S INC CON BOND CV 08160HAA9 2415 3000000 PRN SOLE 0 0 0
BEYOND.COM CONV BOND BOND CV 08860EAA9 845 1330000 PRN SOLE 0 0 0
BLACK & DECKER MANUFACTURING COM 091797100 784 15000 SH CALL SOLE 15000 0 0
BOEING CO COM 097023105 8288 200000 SH PUT SOLE 200000 0 0
BOEING CO COM 097023105 2896 69900 SH SOLE 69900 0 0
CANADIAN NATL RAILWA Y CO 5.25 PFD CV 136375409 222 5100 SH SOLE 5100 0 0
CANDESCENT TECH CORP CONV DEBE BOND CV 137392AA4 1000 1000000 PRN SOLE 0 0 0
CARDINAL HEALTH INC COM 14149Y108 512 10700 SH SOLE 10700 0 0
CAREMATRIX CORP CONV SUB NOTES BOND CV 141706AC5 200 500000 PRN SOLE 0 0 0
CAREMATRIX CORP CONV SUB NOTES BOND CV 141706AA9 200 500000 PRN SOLE 0 0 0
CATERPILLAR INC COM 149123101 3939 83700 SH PUT SOLE 83700 0 0
CATERPILLAR INC COM 149123101 598 12700 SH SOLE 12700 0 0
CBS CORP COM 12490K107 2558 40000 SH PUT SOLE 40000 0 0
CBS CORP COM 12490K107 2558 40000 SH CALL SOLE 40000 0 0
CD RADIO INC CONV SUB NOTES BOND CV 125127AJ9 1004 600000 PRN SOLE 0 0 0
CEPHALON INC CONV PREFD PFD CV 156708307 8181 81000 SH SOLE 81000 0 0
CHARLES SCHWAB CORP NEW COM 808513105 383 10000 SH PUT SOLE 10000 0 0
CHARLES SCHWAB CORP NEW COM 808513105 1721 45000 SH CALL SOLE 45000 0 0
CHARLES SCHWAB CORP NEW COM 808513105 455 11900 SH SOLE 11900 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 7769 100000 SH PUT SOLE 100000 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 946 12175 SH SOLE 12175 0 0
CHECKFREE HLDGS PRIV PLMNT SUB BOND CV 162816AA0 12028 7500000 PRN SOLE 0 0 0
CIENA CORP COM 171779101 4313 75000 SH PUT SOLE 75000 0 0
CIENA CORP COM 171779101 8625 150000 SH CALL SOLE 150000 0 0
CISCO SYS INC COM 17275R102 49278 460000 SH PUT SOLE 460000 0 0
CISCO SYS INC COM 17275R102 40386 377000 SH CALL SOLE 377000 0 0
CITIGROUP INC COM 172967101 952 17100 SH SOLE 17100 0 0
CMGI INC COM 125750109 1384 5000 SH PUT SOLE 5000 0 0
CMGI INC COM 125750109 22981 83000 SH CALL SOLE 83000 0 0
CNET INC SERIES 144A BOND CV 125945AA3 9945 6000000 PRN SOLE 0 0 0
COCA COLA CO COM 191216100 431 7400 SH SOLE 7400 0 0
COMCAST CORP ZONES INTO PCS PFD CV 200300606 3417 34000 SH SOLE 34000 0 0
COMPAQ COMPUTER CORP COM 204493100 1894 70000 SH CALL SOLE 70000 0 0
COMPAQ COMPUTER CORP COM 204493100 9337 345000 SH PUT SOLE 345000 0 0
COMPAQ COMPUTER CORP COM 204493100 6319 233500 SH SOLE 233500 0 0
CORECOMM LIMITED CONV 144A SUB BOND CV 21869NAA3 11859 7500000 PRN SOLE 0 0 0
DELHAIZE AMERICA INC COM 246688105 4789 235764 SH SOLE 235764 0 0
DELL COMPUTER COM 247025109 27795 545000 SH CALL SOLE 545000 0 0
DELL COMPUTER COM 247025109 18105 355000 SH PUT SOLE 355000 0 0
DISNEY WALT CO COM 254687106 638 21800 SH SOLE 21800 0 0
DOUBLECLICK INC COM 258609304 456 1800 SH SOLE 1800 0 0
DOUBLECLICK INC CONV 144A BOND CV 258609AA4 12515 4020000 PRN SOLE 0 0 0
DOUBLECLICK INC CONV SUB NTS BOND CV 258609AC0 9277 2980000 PRN SOLE 0 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 501 7600 SH SOLE 7600 0 0
E M C CORP MASS COM 268648102 437 4000 SH SOLE 4000 0 0
E M C CORP MASS COM 268648102 7648 70000 SH CALL SOLE 70000 0 0
E TRADE GROUP INC COM 269246104 1306 50000 SH CALL SOLE 50000 0 0
E TRADE GROUP INC COM 269246104 246 9400 SH SOLE 9400 0 0
EASTMAN KODAK COMPANY COM 277461109 3670 55400 SH SOLE 55400 0 0
EASTMAN KODAK COMPANY COM 277461109 4306 65000 SH CALL SOLE 65000 0 0
EASTMAN KODAK COMPANY COM 277461109 4306 65000 SH PUT SOLE 65000 0 0
<PAGE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 3 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EBAY INC COM 278642103 9389 75000 SH CALL SOLE 75000 0 0
ECHOSTAR COMMUNICATI ONS CONV BOND CV 278762AB5 11966 9650000 PRN SOLE 0 0 0
EL PASO ENERGY CAP TRUST I 4.7 PFD CV 283678209 1641 32100 SH SOLE 32100 0 0
ELI LILLY & COMPANY COM 532457108 6650 100000 SH PUT SOLE 100000 0 0
ELI LILLY & COMPANY COM 532457108 6650 100000 SH CALL SOLE 100000 0 0
EMCOR GROUP INC CONV NOTES BOND CV 29084QAC4 2281 2570000 PRN SOLE 0 0 0
ENTERCOM COMM 6.25% DUE 9/30/2 PFD CV 29363P104 7358 90000 SH SOLE 90000 0 0
EXCITE@HOME CONV 144 A SUB NTS BOND CV 045919AD9 9120 9500000 PRN SOLE 0 0 0
EXODUS COMMUNICATION INC SERIE BOND CV 302088AC3 388 50000 PRN SOLE 0 0 0
EXODUS COMMUNICATION S CONV SU BOND CV 302088AG4 8355 6000000 PRN SOLE 0 0 0
EXXON MOBIL CORP COM 30231G102 1794 22269 SH SOLE 22269 0 0
FEDERAL HOME LOAN MTG CORP COM 313400301 367 7800 SH SOLE 7800 0 0
FEDERAL NATIONAL MORTGAGE COM 313586109 531 8500 SH SOLE 8500 0 0
FIN FED CORP CONV 144A PRIV PL BOND CV 317492AA4 487 516000 PRN SOLE 0 0 0
FLEETWOOD CAP TRUST 6.00% PRFD PFD CV 339072407 904 25735 SH SOLE 25735 0 0
FORD MOTOR COMPANY COM 345370100 18659 350000 SH PUT SOLE 350000 0 0
FORD MOTOR COMPANY COM 345370100 7997 150000 SH CALL SOLE 150000 0 0
GENERAL ELECTRIC COMPANY COM 369604103 61900 400000 SH PUT SOLE 400000 0 0
GENERAL ELECTRIC COMPANY COM 369604103 4937 31900 SH SOLE 31900 0 0
GENERAL ELECTRIC COMPANY COM 369604103 61900 400000 SH CALL SOLE 400000 0 0
GENERAL MILLS INCORPORATED COM 370334104 497 13900 SH SOLE 13900 0 0
GENERAL MTRS CORP COM 370442105 363 5000 SH SOLE 5000 0 0
GENZYME CORP 144A PVT PLCMT BOND CV 372917AE4 6669 5135000 PRN SOLE 0 0 0
GENZYME CORP-GENL DIVISN BOND CV 372917AF1 4546 3500000 PRN SOLE 0 0 0
GETTY IMAGES INC CONV SUB NOTE BOND CV 374276AC7 5772 3200000 PRN SOLE 0 0 0
GETTY IMAGES INC INDS PRIV PLC BOND CV 374276AA1 1263 700000 PRN SOLE 0 0 0
GILLETTE COMPANY COM 375766102 4119 100000 SH CALL SOLE 100000 0 0
GILLETTE COMPANY COM 375766102 16475 400000 SH PUT SOLE 400000 0 0
GILLETTE COMPANY COM 375766102 6347 154100 SH SOLE 154100 0 0
GLOBAL CROSSING HLDG LTD 6.37 PFD CV 37932J202 12018 95000 SH SOLE 95000 0 0
GLOBAL CROSSING LTD COM G3921A100 3435 68700 SH SOLE 68700 0 0
GLOBAL CROSSING LTD COM G3921A100 10000 200000 SH PUT SOLE 200000 0 0
GLOBAL CROSSING LTD SERIES 144 PFD CV 37932J301 1395 5000 SH SOLE 5000 0 0
GLOBAL TELESYSTEMS GROUP CONVE BOND CV 37936UAE4 4448 3250000 PRN SOLE 0 0 0
GTE CORPORATION COM 362320103 847 12000 SH SOLE 12000 0 0
H.J.HEINZ COMPANY COM 423074103 1593 40000 SH CALL SOLE 40000 0 0
H.J.HEINZ COMPANY COM 423074103 454 11400 SH SOLE 11400 0 0
HERCULES TRST II 6.50% UNIT DU BOND CV 427098306 7481 9250 PRN SOLE 0 0 0
HEWLETT-PACKARD INCORPORATED COM 428236103 410 3600 SH SOLE 3600 0 0
HOME DEPOT INCORPORATED COM 437076102 20625 300000 SH PUT SOLE 300000 0 0
HOME DEPOT INCORPORATED COM 437076102 5620 81750 SH SOLE 81750 0 0
HUMAN GENOME SCIENCES INC BOND CV 444903AC2 10248 8400000 PRN SOLE 0 0 0
HUTCHINSON TECH INC CONV SUB N BOND CV 448407AC0 6248 6500000 PRN SOLE 0 0 0
I2 TECHNOLOGIES CONV 144A SUB BOND CV 465754AD1 9458 6500000 PRN SOLE 0 0 0
INHALE THERAPTIC SYSTEMSPRI PL BOND CV 457191AA2 7219 5000000 PRN SOLE 0 0 0
INKTOMI CORP COM 457277101 1331 15000 SH CALL SOLE 15000 0 0
INTEL CORP COM 458140100 16051 195000 SH CALL SOLE 195000 0 0
INTEL CORP COM 458140100 14405 175000 SH PUT SOLE 175000 0 0
INTEL CORP COM 458140100 6320 76775 SH SOLE 76775 0 0
INTERNATIONAL PAPER COMPANY COM 460146103 367 6500 SH SOLE 6500 0 0
INTERNET CAPITAL GRO UP CONV S BOND CV 46059CAA4 13953 9450000 PRN SOLE 0 0 0
INTL BUSINESS MACHINES INC COM 459200101 8403 77900 SH SOLE 77900 0 0
INTL BUSINESS MACHINES INC COM 459200101 31284 290000 SH CALL SOLE 290000 0 0
<PAGE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 4 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTL BUSINESS MACHINES INC COM 459200101 21575 200000 SH PUT SOLE 200000 0 0
ITC DELTA COM CONV SUB NTS 144 BOND CV 45031TAJ3 3637 3000000 PRN SOLE 0 0 0
JOHNSON & JOHNSON INCORPORATE COM 478160104 3637 39000 SH SOLE 39000 0 0
JOHNSON & JOHNSON INCORPORATE COM 478160104 4663 50000 SH PUT SOLE 50000 0 0
KOREA ELECTRIC POWER CONVERTIB BOND CV 500631AF3 1139 1150000 PRN SOLE 0 0 0
KULICKE AND SOFFA IND. INC BOND CV 501242AC5 2763 2500000 PRN SOLE 0 0 0
LAMAR ADVERTISING CO NOTES BOND CV 512815AF8 1742 1175000 PRN SOLE 0 0 0
LEHMAN BROTHERS HLDGS INC COM 524908100 1694 20000 SH PUT SOLE 20000 0 0
LEHMAN BROTHERS HLDGS INC COM 524908100 1694 20000 SH CALL SOLE 20000 0 0
LEVEL 3 COMMUNICATIONS BOND CV 52729NAG5 5650 4000000 PRN SOLE 0 0 0
LSI LOGIC CORP 144A PRV PLCMT BOND CV 502161AB8 564 250000 PRN SOLE 0 0 0
LUCENT TECHNOLGY COM 549463107 7500 100000 SH PUT SOLE 100000 0 0
LUCENT TECHNOLGY COM 549463107 7500 100000 SH CALL SOLE 100000 0 0
MAY & SPEH INC CONV SUB NOTES BOND CV 577777AA3 7108 5375000 PRN SOLE 0 0 0
MAYTAG COMPANY COM 578592107 10973 228600 SH SOLE 228600 0 0
MAYTAG COMPANY COM 578592107 14400 300000 SH PUT SOLE 300000 0 0
MCDONALDS CORPORATION COM 580135101 1447 35900 SH SOLE 35900 0 0
MCI WORLDCOM INC COM 55268B106 20694 390000 SH PUT SOLE 390000 0 0
MCI WORLDCOM INC COM 55268B106 1876 35350 SH SOLE 35350 0 0
MCI WORLDCOM INC COM 55268B106 15919 300000 SH CALL SOLE 300000 0 0
MCKESSON HBOC INC COM 58155Q103 205 9100 SH SOLE 9100 0 0
MCLEODUSA INC SER A CONV PREFD PFD CV 582266201 7412 13900 SH SOLE 13900 0 0
MEDTRONIC INCORPORATED COM 585055106 310 8500 SH SOLE 8500 0 0
MERCK & CO. INC COM 589331107 10078 150000 SH CALL SOLE 150000 0 0
MERCK & CO. INC COM 589331107 6719 100000 SH PUT SOLE 100000 0 0
MERCK & CO. INC COM 589331107 3420 50900 SH SOLE 50900 0 0
MERRILL LYNCH & CO INC COM 590188108 5624 67500 SH CALL SOLE 67500 0 0
MERRILL LYNCH & CO INC COM 590188108 16871 202500 SH PUT SOLE 202500 0 0
MICRON TECHNOLOGY INC COM 595112103 303 3900 SH SOLE 3900 0 0
MICROSOFT CORP COM 594918104 68357 585500 SH CALL SOLE 585500 0 0
MICROSOFT CORP COM 594918104 133387 1142500 SH PUT SOLE 1142500 0 0
MICROSOFT CORP COM 594918104 24038 205896 SH SOLE 205896 0 0
MINNESOTA MINING & MFG CO COM 604059105 998 10200 SH SOLE 10200 0 0
MINNESOTA MINING & MFG CO COM 604059105 489 5000 SH CALL SOLE 5000 0 0
MONSANTO COMPANY COM 611662107 305 8600 SH SOLE 8600 0 0
MORGAN ST DEAN WITTER DISCOVE COM 617446448 21127 148000 SH PUT SOLE 148000 0 0
MORGAN ST DEAN WITTER DISCOVE COM 617446448 9707 68000 SH CALL SOLE 68000 0 0
MORGAN ST DEAN WITTER DISCOVE COM 617446448 328 2300 SH SOLE 2300 0 0
MOTOROLA INCORPORATED COM 620076109 14725 100000 SH PUT SOLE 100000 0 0
MOTOROLA INCORPORATED COM 620076109 29156 198000 SH CALL SOLE 198000 0 0
MRV COMM SUB NOTES BOND CV 553477AB6 7163 3000000 PRN SOLE 0 0 0
MRV COMMUNICATIONS INC BOND CV 553477AA8 2388 1000000 PRN SOLE 0 0 0
NASDAQ 100 COM 631100104 5939 32500 SH PUT SOLE 32500 0 0
NASDAQ 100 COM 631100104 20103 110000 SH CALL SOLE 110000 0 0
NATL AUSTRALIA BK LTD PFD CV 632525309 3954 142500 SH SOLE 142500 0 0
NCS HEALTHCARE 5.75% CONV STK BOND CV 628874AC3 771 1868000 PRN SOLE 0 0 0
NET.B@NK 4.75% DUE 6/1/2004 BOND CV 64107JAA4 4725 6000000 PRN SOLE 0 0 0
NEXTAR PHARM SUN DEB CONV BOND CV 65333BAC0 5305 4000000 PRN SOLE 0 0 0
NEXTEL COMMNCTNS CONV SENIOR N BOND CV 65332VAT0 2283 1000000 PRN SOLE 0 0 0
NEXTEL COMMUNICATION S CONV SR BOND CV 65332VAR4 19972 8750000 PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS INC CL COM 65332V103 330 3200 SH SOLE 3200 0 0
NIKE INCORPORATED CLASS B COM 654106103 1983 40000 SH CALL SOLE 40000 0 0
NORTEL NETWORKS CORP COM 656569100 970 9600 SH SOLE 9600 0 0
<PAGE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 5 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NOVELL INC COM 670006105 232 5800 SH SOLE 5800 0 0
NTL INCORPORATED 144A CONV SUB BOND CV 629407AN7 8138 7500000 PRN SOLE 0 0 0
ORACLE SYSTEMS CORP COM 68389X105 31938 285000 SH PUT SOLE 285000 0 0
ORACLE SYSTEMS CORP COM 68389X105 36420 325000 SH CALL SOLE 325000 0 0
OWENS & MINOR TRUST I PFD CV 690905302 569 17921 SH SOLE 17921 0 0
PEPSICO INCORPORATED COM 713448108 1763 50000 SH CALL SOLE 50000 0 0
PEPSICO INCORPORATED COM 713448108 7103 201500 SH SOLE 201500 0 0
PEPSICO INCORPORATED COM 713448108 21749 617000 SH PUT SOLE 617000 0 0
PFIZER INCORPORATED COM 717081103 6488 200000 SH PUT SOLE 200000 0 0
PFIZER INCORPORATED COM 717081103 4825 148756 SH SOLE 148756 0 0
PHILIP MORRIS COS INC COM 718154107 1937 84200 SH SOLE 84200 0 0
PHILIP MORRIS COS INC COM 718154107 1610 70000 SH PUT SOLE 70000 0 0
PIONEER STANDARD ELECTRO PFD CV 723879300 5366 99373 SH SOLE 99373 0 0
POGO TRUST I 6.50% DUE 6/1/202 PFD CV 73044P208 1045 20300 SH SOLE 20300 0 0
PROCTER & GAMBLE COMPANY COM 742718109 2191 20000 SH CALL SOLE 20000 0 0
PROCTER & GAMBLE COMPANY COM 742718109 11504 105000 SH PUT SOLE 105000 0 0
PROLOGIS TRUST 7.00% SER B PRF PFD CV 743410300 619 25000 SH SOLE 25000 0 0
PSINET INC CONV PFD C PFD CV 74437C309 3004 51900 SH SOLE 51900 0 0
QUADRAMED CORP CONV BOND CV 74730WAC5 574 1000000 PRN SOLE 0 0 0
QUALCOMM INC COM 747525103 9335 53000 SH CALL SOLE 53000 0 0
QUALCOMM INC COM 747525103 2061 11700 SH SOLE 11700 0 0
RELIANT ENERGY INTO TWX ZENS ( PFD CV 75952J207 6647 92000 SH SOLE 92000 0 0
RES-CARE INC CONV SUB NOTES BOND CV 760943AC4 3047 3585000 PRN SOLE 0 0 0
RES-CARE INC PRV PLCT 144A BOND CV 760943AA8 638 750000 PRN SOLE 0 0 0
ROYAL CARIBBEAN CRUISES LTD PFD CV V7780T111 365 2400 SH SOLE 2400 0 0
SABRATEK CORP CONVER NOTES BOND CV 78571UAA6 1470 4200000 PRN SOLE 0 0 0
SAFEGUARD SCIENTIFIC PRIV PLMN BOND CV 786449AD0 18160 8000000 PRN SOLE 0 0 0
SAFEGUARD SCIENTIFICS BOND CV 786449AE8 3780 1665000 PRN SOLE 0 0 0
SBC COMMUNICATIONS INC COM 78387G103 936 19206 SH SOLE 19206 0 0
SCHERING-PLOUGH CORP COM 806605101 386 9100 SH SOLE 9100 0 0
SCHLUMBERGER LIMITED COM 806857108 2806 50000 SH PUT SOLE 50000 0 0
SCHLUMBERGER LIMITED COM 806857108 1566 27900 SH SOLE 27900 0 0
SEAGATE TECHNOLOGY INC COM 811804103 242 5200 SH SOLE 5200 0 0
SEALED AIR CORP CONVERTIBLE PFD CV 81211K209 8055 159500 SH SOLE 159500 0 0
SEARS ROEBUCK & COMPANY COM 812387108 668 22000 SH PUT SOLE 22000 0 0
SEARS ROEBUCK & COMPANY COM 812387108 2828 93100 SH SOLE 93100 0 0
SECURITY CAP US REALTY CONV 14 BOND CV 814136AA5 405 500000 PRN SOLE 0 0 0
SENSORMATIC ELECTRON ICS 6.50% PFD CV 817265200 1918 75200 SH SOLE 75200 0 0
SENSORMATIC ELECTRS CORP COM 817265606 249 14280 SH SOLE 14280 0 0
SIEBEL SYSTEMS INC BONDS 144 BOND CV 826170AA0 2431 1250000 PRN SOLE 0 0 0
SMARTALK TELESERVCS PVT PLCMT BOND CV 83169AAA8 0 500000 PRN SOLE 0 0 0
SOUTHERN PAC FUNDING CONV SUB BOND CV 843576AA7 35 235000 PRN SOLE 0 0 0
SOVEREIGN BANCORP INC PFD INCO PFD CV 845905306 1128 22740 SH SOLE 22740 0 0
SUIZA CAP TRUST 11 5.50% PRFD PFD CV 86507G408 570 16409 SH SOLE 16409 0 0
SUN MICROSYSTEMS INC COM 866810104 77438 1000000 SH PUT SOLE 1000000 0 0
SUN MICROSYSTEMS INC COM 866810104 56142 725000 SH CALL SOLE 725000 0 0
TEKELEC INC CONV 144A PRVT PLC BOND CV 879101AA1 4114 3000000 PRN SOLE 0 0 0
TELEFONOS DE MEXICO S.A. BOND CV 879403AD5 11114 8500000 PRN SOLE 0 0 0
TELLABS INCORPORATED COM 879664100 5456 85000 SH CALL SOLE 85000 0 0
TELLABS INCORPORATED COM 879664100 4172 65000 SH PUT SOLE 65000 0 0
TEXACO INC COM 881694103 4888 90000 SH CALL SOLE 90000 0 0
TEXACO INC COM 881694103 4888 90000 SH PUT SOLE 90000 0 0
TEXACO INC COM 881694103 2536 46700 SH SOLE 46700 0 0
<PAGE>
<CAPTION>
Manager: BNP/Cooper Neff Advisors, Inc. Period End Date: December 31, 1999 Page 6 of 6
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
- ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TEXAS INSTRUMENTS INCORPORATE COM 882508104 4831 50000 SH CALL SOLE 50000 0 0
TEXAS INSTRUMENTS INCORPORATE COM 882508104 6764 70000 SH PUT SOLE 70000 0 0
TOWER AUTOMOTIVE INC SUB NOTES BOND CV 891707AE1 2740 3228000 PRN SOLE 0 0 0
TXI CAPITAL TRUST I SPECIAL PU PFD CV 873119200 2630 67000 SH SOLE 67000 0 0
UNISYS CORP COM 909214108 1597 50000 SH CALL SOLE 50000 0 0
UNISYS CORP COM 909214108 1597 50000 SH PUT SOLE 50000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 416 6400 SH SOLE 6400 0 0
UNITEDGLOBALCOM 7.00% CONV PRF PFD CV 913247201 3677 40750 SH SOLE 40750 0 0
UNITEDGLOBALCOM DEPOSITORY SH PFD CV 913247102 11955 132500 SH SOLE 132500 0 0
UNITEDGLOBALCOM INC 7.00% SER PFD CV 913247805 2795 43925 SH SOLE 43925 0 0
USINTERNETWORKING INC BOND CV 917311AE2 18203 6250000 PRN SOLE 0 0 0
VERIO INC 6.75% CONV 144A PRFD PFD CV 923433304 4746 85000 SH SOLE 85000 0 0
VERITAS SOFTWARE CORP BOND CV 923436AB5 500 50000 PRN SOLE 0 0 0
VERTICALNET INC PRIV PLMTN SER BOND CV 92532LAA5 213 50000 PRN SOLE 0 0 0
WAL-MART STORES INC COM 931142103 8986 130000 SH CALL SOLE 130000 0 0
WAL-MART STORES INC COM 931142103 6913 100000 SH PUT SOLE 100000 0 0
WARNER-LAMBERT COMPANY COM 934488107 6973 85100 SH SOLE 85100 0 0
WARNER-LAMBERT COMPANY COM 934488107 40969 500000 SH PUT SOLE 500000 0 0
WASHINGTON MUTUAL INC COM 939322103 1265 48900 SH SOLE 48900 0 0
WASHINGTON MUTUAL INC COM 939322103 1294 50000 SH PUT SOLE 50000 0 0
WASTE MANAGEMENT INC COM 94106L109 1813 105500 SH SOLE 105500 0 0
WASTE MANAGEMENT INC COM 94106L109 1719 100000 SH PUT SOLE 100000 0 0
WELLS FARGO COMPANY COM 949746101 5095 126000 SH SOLE 126000 0 0
WINSTAR COMMUNICAT IONS INC PFD CV 975515859 6402 4750 SH SOLE 4750 0 0
YAHOO INC. COM 984332106 93028 215000 SH CALL SOLE 215000 0 0
YAHOO INC. COM 984332106 35048 81000 SH PUT SOLE 81000 0 0
</TABLE>
