<TABLE> <C> <C>
Title Investment Discretion Voting Authority
of
Security Class Cusip Market Value Quantity Sole Share Others Managers Sole Share None
AMERICA ONLINE INC COM 02364J104 "$117,909,600.00 " "807,600 " X "807,600 "
CHUBB CORPORATION COM 171232101 "$24,596,250.00 " "420,000 " X "420,000 "
CIRCUIT CITY STORES COM 172737108 "$28,734,375.00 " "375,000 " X "375,000 "
COMCAST CORP- CLASS A COM 200300200 "$32,412,812.50 " "515,000 " X "515,000 "
DBT ONLINE INC COM 233044106 "$11,513,194.75 " "462,842 " X "462,842 "
EMC CORP. COM 268648102 "$7,498,925.00 " "58,700 " X "58,700 "
GENZYME CORPORATION COM 372917104 "$37,323,750.00 " "740,000 " X "740,000 "
GILEAD SCIENCES INC COM 375558103 "$22,750,000.00 " "500,000 " X "500,000 "
IDEC PHARM COR COM 449370105 "$25,687,500.00 " "500,000 " X "500,000 "
MCDERMOTT (J RAY) SA COM P64658100 "$7,767,500.00 " "260,000 " X "260,000 "
MCDERMOTT INTL INC. COM 580037109 "$19,596,937.50 " "774,200 " X "774,200 "
MCI WORLDCOM INC COM 55268B106 "$105,824,482.56 " "1,194,913 " X "1,194,913 "
METRONET COMMUN. CL. B COM 59169Y108 "$17,512,000.00 " "318,400 " X "318,400 "
OCWEN FINANCIAL CORP. COM 675746101 "$1,656,750.00 " "188,000 " X "188,000 "
PATHWAYS GROUP INC. COM 70321D106 "$2,600,000.00 " "200,000 " X "200,000 "
REGENERON PHARM COM 75886F107 "$728,750.00 " "110,000 " X "110,000 "
SEVEN SEAS PETROLEUM COM 817917107 "$8,408,000.00 " "1,681,600 " X "1,681,600 "
TELESPECTRUM WORLDWIDE COM 87951U109 "$993,250.00 " "116,000 " X "116,000 "
TRIANGLE PHARM INC. COM 89589H104 "$8,550,000.00 " "800,000 " X "800,000 "
TRICON GLOBAL REST COM 895953107 "$56,200,000.00 " "800,000 " X "800,000 "
WASTE MANAGEMENT INC. COM 94106L109 "$61,534,679.38 " "1,386,697 " X "1,386,697 "
GRAND TOTAL $600,038,756.69
</TABLE>
