UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 2049
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
Check here is Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Zazove Associates, LLC
Address: 940 Southwood Blvd.
Suite 200
Incline Village, NV 89401
13F File Number: 28-5338
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: Steven M. Kleiman
Title: Chief Operating Officer
Phone: (773) 283-8822
Signature, Place, and Date of Signing:
Steven M. Kleiman Chicago, Illinois November 13, 2000
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT
OF 1934.
<PAGE>
Form 13 F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 98
Form 13F Information Table Value Total: $714,042
List of Other Included Managers: None
<PAGE>
<TABLE> <C>
<C>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER Voting Authority (Shares)
NAME OF ISSUER TITLE OF CLASS CUSIP (1000s) PRN AMT PRN DSCRETN Mgrs a) Sole b) Shared c) None
CNF Trust I $2.500 TE CONS SER A 12612V205 "7,197" "193,200" SH Sole "193,200" 0 0
Crescent Real Estate PFD CV A 6.75% 225756204 "1,276" "78,200" SH Sole "78,200 0 0
Emmis Comm. Corp. PFD CV SER A 291525202 "4,313" "105,185" SH Sole "105,185" 0 0
Equity Residential Prop. PFD CONV E 7% 29476L883 "7,610" "284,500" SH Sole "284,500" 0 0
Freeport McMoran Copper PFD CV 0.05 SH 35671D501 653 "52,250" SH Sole "52,250" 0 0
Metromedia Int'l Group PFD CONV% 591695200 "11,018" "440,700" SH Sole "440,700" 0 0
National Australia Bank CAP UTS EXCH BL 632525309 "12,389" "489,400" SH Sole "489,400" 0 0
Simon Property Grp Inc. PFD CV B 6.50% 828806406 "27,293" "389,900" SH Sole "389,900" 0 0
Sovereign Capital Trust UNIT EX 111229 845905306 "9,434" "165,500" SH Sole "165,500" 0 0
Treev PIK $0.84 PFD CONV SER A 894692201 "10,258" "603,400" SH Sole "603,400" 0 0
Orix Corporation NT CONV 0.375%05 686330AA9 597 "486,475" PRN Sole 0 0 0
ACT Manufacturing SBNTCV 144A 7%07 000973AA5 "8,483" "6,150,000" PRN Sole 0 0 0
AES Corportaion JRSBDBCV 4.5%05 00130HAN5 "14,163" "5,500,000" PRN Sole 0 0 0
APP Finance VI Mauritius LYONS NT ZERO 12 00202NAA3 "8,848" "75,300,000" PRN Sole 0 0 0
Action Performance Co. SBNTCV 4.75% 05 004933AB3 725 "2,600,000" PRN Sole 0 0 0
Advanced Energy SUBNTCV 5.25%06 007973AA8 "4,083" "4,450,000" PRN Sole 0 0 0
Affiliated Computer Svc SB NT CV 4%05 008190AD2 "12,956" "10,034,000" PRN Sole 0 0 0
"Alpharma, Inc." SRSBNTCV 3%06 020813AD3 "3,719" "1,900,000" PRN Sole 0 0 0
"Alpharma, Inc." SBNTCV 5.75%05 020813AB7 "5,168" "2,400,000" PRN Sole 0 0 0
American Tower Corp. NT CV 2.25%09 029912AD4 "2,405" "2,000,000" PRN Sole 0 0 0
Anixter Internation LYONZRO 144A 20 035290AA3 "2,278" "8,100,000" PRN Sole 0 0 0
At Home Corp. SUBNTCV 4.75%06 045919AF4 507 "750,000" PRN Sole 0 0 0
Atrix Laboratories Inc. SUB NT CONV 7%04 04962LAC5 "2,850" "3,000,000" PRN Sole 0 0 0
Aviron SB NT CV 5.75%05 053762AC4 "9,059" "4,700,000" PRN Sole 0 0 0
BankAtlantic Bancorp SBDVCV 6.75%06 065908AB1 "13,035" "14,897,000" PRN Sole 0 0 0
BankAtlantic Bancorp SBDBCV 5.625%07 065908AC9 "5,593" "7,933,803" PRN Sole 0 0 0
CKE Restaurants Inc. SBNTCV 4.25%04 12561EAB1 "1,029" "2,200,000" PRN Sole 0 0 0
CV Therapeutics SUBNTCV 4.75%07 126667AB0 "2,881" "2,150,000" PRN Sole 0 0 0
Celestica Inc. LYON ZERO 20 15101QAA6 "4,938" "10,000,000" PRN Sole 0 0 0
Checkpoint Systems Inc. SBDBCV 5.25%05 162825AB9 650 "1,000,000" PRN Sole 0 0 0
Commscope Inc. SB NT CV 4%06 203372AB3 "28,705" "33,770,000" PRN Sole 0 0 0
Conexant Systems SBNTCV 4.25%06 207142AB6 "8,806" "4,600,000" PRN Sole 0 0 0
Corr Therapeutic SBNTCV 144A07 217753AC6 "6,740" "3,420,000" PRN Sole 0 0 0
DRS Technologies Inc. SRSBDBCV 9%03 23330XAB6 561 "305,000" PRN Sole 0 0 0
Danka Business Systems SUBNTCV 6.75%02 236277AB5 586 "1,430,000" PRN Sole 0 0 0
Dupont Photomasks Inc. GTDSBCV ZRO 04 26613XAC5 237 "250,000" PRN Sole 0 0 0
Etrade Group, Inc. SUBNTCV 6%07 269246AB0 "3,284" "3,550,000" PRN Sole 0 0 0
Financial Federal Corp. SUB NT CV 4.5%05 317492AC0 "13,116" "13,879,000" PRN Sole 0 0 0
Four Seasons LYON ZERO CPN 29 25100EAD6 "9,261" "22,450,000" PRN Sole 0 0 0
General Semiconductor SUBNTCV 5.75%06 370787AB9 "5,011" "5,100,000" PRN Sole 0 0 0
Genesco Inc. SUBNTCV 5.5%05 371532AL6 "4,654" "4,835,000" PRN Sole 0 0 0
Healthcare Realty Trust SBDBCV 6.55%02 421946AA2 "2,398" "2,610,000" PRN Sole 0 0 0
Healthsouth Corp. SBDBCV 3.25%03 421924AF8 "4,082" "4,860,000" PRN Sole 0 0 0
Hilton Hotels Corp. Sub NT Conv 5%06 432848AL3 "3,146" "3,745,000" PRN Sole 0 0 0
Ibasis Inc. SBNTCV 5.75% 05 450732AA0 "1,218" "2,400,000" PRN Sole 0 0 0
Internet Capital Group SUB NT CV 5.5%04 46059CAA4 "3,241" "6,240,000" PRN Sole 0 0 0
Interpublic Group Co. SUBNTCV 1.87%06 460690AJ9 "5,562" "9,915,000" PRN Sole 0 0 0
Intevac Inc. SBNTCV 6.5%04 461148AC2 125 "225,000" PRN Sole 0 0 0
Intevac Inc. SBNTCV 144A04 461148AA6 833 "1,500,000" PRN Sole 0 0 0
Iomega Corp. SBNTCV 6.75% 01 462030AA5 374 "365,000" PRN Sole 0 0 0
Kellstrom SB NT CV 5.75%02 488035AC0 "6,756" "14,075,000" PRN Sole 0 0 0
Kellstrom SBNTCV 5.5%03 488035AE6 509 "1,150,000" PRN Sole 0 0 0
Kerr McGee Corp. SBDBCV 5.25% 10 492386AP2 "28,744" "22,995,000" PRN Sole 0 0 0
LSI Logic SBNTCV 4.25%04 502161AD4 "7,195" "3,650,000" PRN Sole 0 0 0
Lamar Advertising NT CV 5.25% 06 512815AF8 "9,678" "9,600,000" PRN Sole 0 0 0
Lattice Semiconductor SUBNTCV 4.75%06 518415AC8 "5,534" "3,800,000" PRN Sole 0 0 0
Lennar Corportion SR DB CV ZERO 18 526057AA2 "6,321" "13,000,000" PRN Sole 0 0 0
MBL Intl Finance GTD NT EXCH 3%02 55262XAA2 "3,503" "3,385,000" PRN Sole 0 0 0
Magna International Inc. SUB DEB CV 5%02 559222AE4 "35,485" "36,255,000" PRN Sole 0 0 0
Magna International Inc. SBDBCV 4.875%05 559222AG9 941 "1,055,000" PRN Sole 0 0 0
Mail-Well Inc. SUBNTCONV 5%02 560321AD3 "2,512" "3,220,000" PRN Sole 0 0 0
NCS Healthcare Inc. SBDBCV 5.75%04 628874AC3 956 "8,690,000" PRN Sole 0 0 0
Network Associates Inc. SBDBCV ZRO 18 640938AB2 "2,918" "7,630,000" PRN Sole 0 0 0
Office Depot Inc. LYON SUB ZERO 07 676220AA4 "24,067" "38,975,000" PRN Sole 0 0 0
Ogden Corp. SUB DEB CV 6%02 676346AC3 "1,188" "1,350,000" PRN Sole 0 0 0
Omnicare Inc. SUB DEB CV 5%07 681904AD0 "10,359" "13,905,000" PRN Sole 0 0 0
Pep Boys SUB LYON ZERO 11 713278AJ8 "14,068" "23,350,000" PRN Sole 0 0 0
Personnel Group SBNTCV 5.75%04 715338AE9 "12,761" "26,311,000" PRN Sole 0 0 0
"Petsmart, Inc." SB NT CV 6.75%04 716768AB2 "1,599" "2,018,000" PRN Sole 0 0 0
Phoenix Investment Part. SUB DB CONV 6%15 719085AA0 "36,651" "19,015,000" PRN Sole 0 0 0
Phycor Inc. SUBDBCV 4.5% 03 71940FAB6 520 "4,000,000" PRN Sole 0 0 0
Pride International Inc. SB DB CV ZERO 18 741932AB3 "1,810" "4,000,000" PRN Sole 0 0 0
Providian Financial SRNTCV 6.25%05 74406AAA0 "1,913" "1,700,000" PRN Sole 0 0 0
Quadramed Corp. SBDBCV 5.25%05 74730WAC5 "3,980" "9,950,000" PRN Sole 0 0 0
"Quanta Services, Inc." SUBNTCONV 4%07 74762EAA0 "1,185" "1,500,000" PRN Sole 0 0 0
Radisys Corporation SUBNTCV 144A07 750459AA7 "3,910" "4,000,000" PRN Sole 0 0 0
Reptron Electronics Inc. SBNTCV 6.75%04 76026WAA7 638 "840,000" PRN Sole 0 0 0
Sanmina Corp. SUBNTCV 4.25% 04 800907AB3 "10,450" "4,750,000" PRN Sole 0 0 0
Seacor Holdings Inc. SUBNTCV 5.375%06 811904AE1 "7,657" "6,860,000" PRN Sole 0 0 0
Semtech Corp. SUBNTCV 4.5%07 816850AD3 "5,532" "4,800,000" PRN Sole 0 0 0
"Sepracor, Inc." SUBDBCONV 7%05 817315AH7 "10,093" "4,870,000" PRN Sole 0 0 0
Solectron Corp. SR LYON ZERO 20 834182AK3 "21,900" "32,445,000" PRN Sole 0 0 0
SpaceHab Inc. SUB NT CONV 8%07 846243AC7 181 "250,000" PRN Sole 0 0 0
Standard Commerical Corp SBDVCV 7.25% 07 853258AA9 "5,405" "8,545,000" PRN Sole 0 0 0
Standard Motor Products SBDBCV 6.75%09 853666AB1 "5,962" "11,040,000" PRN Sole 0 0 0
Sunbeam Corp. SRSDCV ZERO 18 867071AD4 101 "1,000,000" PRN Sole 0 0 0
TVX Gold Inc. NT LNKED CV 5%02 87308KAA9 "1,218" "1,500,000" PRN Sole 0 0 0
Telefonos de Mexico SRDBCV 4.25% 04 879403AD5 "7,839" "6,240,000" PRN Sole 0 0 0
Terayon Comm. Systems SBNTCV 144A07 880775AA9 "3,105" "4,600,000" PRN Sole 0 0 0
Thermo Fibertek Inc. SUBDBCV 144A04 88355WAA3 "18,346" "21,457,000" PRN Sole 0 0 0
Total Renal Care Hldg SUB NT CONV 7%09 89151AAC1 377 "530,000" PRN Sole 0 0 0
TranSwitch Corporation NTCV 144A 4.5%05 894065AA9 "3,686" "3,000,000" PRN Sole 0 0 0
Triac Companies SBDBCV ZERO 18 895918AB7 "21,156" "65,600,000" PRN Sole 0 0 0
U.S. Diagnostic Labs SUBDBCONV 9%03 90328QAB4 "6,111" "7,639,000" PRN Sole 0 0 0
Wellpoint Health Network SBDBCV ZRO 19 94973HAA6 "38,627" "49,050,000" PRN Sole 0 0 0
Young and Rubicam SUBNTCONV 3%05 987425AC9 "23,130" "23,305,000" PRN Sole 0 0 0
Metromedia Int'l Group COM 591695101 1 "29,671" PRN Sole "29,671" 0 0
Treev Inc. COM NEW 894692300 116 "17,722" PRN Sole "17,722" 0 0
COLUMN TOTALS "714,042"
</TABLE>
