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: Westcap Investors, LLC
Address: 11111 Santa Monica Blvd.
Suite 820
Los Angeles, CA 90025
13F File Number: 28-5420
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: Geoffrey I. Edelstein
Title: Managing Director
Phone: (310) 996-3234
Signature, Place, and Date of Signing:
Geoffrey I. Edelstein Los Angeles, CA February 14, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Manager Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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WESTCAP INVESTORS
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 225
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,113,548,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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<TABLE> <C> <C>
WESTCAP INVESTORS
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 3496 96272 SH SOLE 96272 0 0
ACTIVISION INC NEW COM NEW COM 004930202 505 32990 SH SOLE 32990 0 0
ADAPTEC INC COM COM 00651F108 711 14258 SH SOLE 14258 0 0
ADELPHIA COMMUNICATIONS CORPPF CONVERTIBLE PREF 006848402 656 3470 SH SOLE 3470 0 0
ADVANCED RADIO TELECOM CORP CO COM 00754U101 776 32350 SH SOLE 32350 0 0
AES CORP 4.500% 08/15/05 CONVERTIBLE BOND 00130HAN5 951 655000 PRN SOLE 655000 0 0
AES CORP COM COM 00130H105 15085 201795 SH SOLE 201795 0 0
AHL SVCS INC COM COM 001296102 305 14600 SH SOLE 14600 0 0
ALKERMES INC COM COM 01642T108 519 10575 SH SOLE 10575 0 0
ALKERMES INC PFD CON EX 3.25 CONVERTIBLE PREF 01642T405 703 8175 SH SOLE 8175 0 0
ALLERGAN INC COM 018490102 13484 271125 SH SOLE 270235 0 800
ALLSTATE CORP COM 020002101 378 15718 SH SOLE 15718 0 0
ALTERA CORP COM 021441100 223 4496 SH SOLE 4496 0 0
AMERICA ONLINE 0.000% 12/06/19 CONVERTIBLE BOND 02364JAC8 690 1225000 PRN SOLE 1225000 0 0
AMERICAN EXPRESS CO COM 025816109 631 3794 SH SOLE 3794 0 0
AMERICAN HOME PRODS CORP COM 026609107 890 22682 SH SOLE 22682 0 0
AMERICAN INTL GROUP INC COM 026874107 47230 436807 SH SOLE 436807 0 0
AMERISOURCE HEALTH CORP CL A COM 03071P102 571 37580 SH SOLE 37580 0 0
AMGEN INC COM 031162100 1241 20670 SH SOLE 20670 0 0
ANADARKO PETROLEUM COM 032511107 273 8000 SH SOLE 8000 0 0
ANHEUSER BUSCH COS I COM 035229103 353 4981 SH SOLE 4981 0 0
ANN TAYLOR 144A 0.550% 06/18/1 CONVERTIBLE BOND 036115AA1 181 340000 PRN SOLE 340000 0 0
APACHE CORP COM 037411105 7119 192744 SH SOLE 192744 0 0
APACHE CORP 6.500% 05/15/02 CONVERTIBLE PREF 037411600 921 25930 SH SOLE 25930 0 0
APEX INC COM COM 037548104 640 19850 SH SOLE 19850 0 0
ARCHER DANIELS MIDLAND COM 039483102 287 23649 SH SOLE 23649 0 0
ASSOCIATES FIRST CAPITAL CORP COM 046008108 1210 44094 SH SOLE 44094 0 0
ATLANTIC RICHFIELD C COM 048825103 977 11300 SH SOLE 11300 0 0
AT&T CORP COM 001957109 1396 27483 SH SOLE 27483 0 0
AT&T CORP LIBERTY MEDIA CL A COM 001957208 4463 78551 SH SOLE 78551 0 0
AUTOMATIC DATA PROCESSING COM 053015103 2880 53458 SH SOLE 53458 0 0
BANK OF AMERICA COM 060505104 14603 290968 SH SOLE 290468 0 500
BELL ATLANTIC CORP COM 077853109 1155 18767 SH SOLE 18767 0 0
BELL ATLANTIC FINL 4.250% 09/1 CONVERTIBLE BOND U0778KAD4 956 785000 PRN SOLE 785000 0 0
BENCHMARK ELECTRS INC COM COM 08160H101 350 15270 SH SOLE 15270 0 0
BP AMOCO ADS COM 055622104 7973 134422 SH SOLE 134422 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 20598 320911 SH SOLE 320911 0 0
BURLINGTON RES INC COM 122014103 1192 36050 SH SOLE 36050 0 0
CAMPBELL SOUP CO COM 134429109 271 7000 SH SOLE 7000 0 0
CARDINAL HEALTH INC COM COM 14149Y108 1030 21675 SH SOLE 21675 0 0
CARNIVAL CORP CL A COM 143658102 520 10868 SH SOLE 10868 0 0
CBS CORPORATION COM 12490K107 17042 266545 SH SOLE 265745 0 800
CENTOCOR INC. 4.750% 02/15/05 CONVERTIBLE BOND 152342AE1 676 510000 PRN SOLE 510000 0 0
CHASE MANHATTAN CORPORATION COM 16161A108 805 10367 SH SOLE 10367 0 0
CHEVRON CORP COM 166751107 21375 246755 SH SOLE 246305 0 450
CHOICEPOINT INC COM COM 170388102 565 13660 SH SOLE 13660 0 0
CIBER INC COM COM 17163B102 789 28700 SH SOLE 28700 0 0
CISCO SYS INC COM 17275R102 60419 564007 SH SOLE 563407 0 600
CITIGROUP INC. COM 172967101 30599 549687 SH SOLE 548682 0 825
CLEAR CHANNEL 2.625% 04/01/03 CONVERTIBLE BOND 184502AB8 296 200000 PRN SOLE 200000 0 0
CNF TRUST I TECONS SER A CONVERTIBLE PREF 12612V205 737 15350 SH SOLE 15350 0 0
COCA COLA CO COM 191216100 1602 27504 SH SOLE 27504 0 0
COINSTAR INC COM COM 19259P300 357 25480 SH SOLE 25480 0 0
COLGATE PALMOLIVE CO COM 194162103 1232 18950 SH SOLE 18950 0 0
COMMSCOPE INC. 144A 4.000% 12/ CONVERTIBLE BOND 203372AA5 257 250000 PRN SOLE 250000 0 0
COMPUTER SCIENCES CORP COM 205363104 33347 352421 SH SOLE 352021 0 400
CONMED CORP COM COM 207410101 341 13170 SH SOLE 13170 0 0
COSTCO COMPANIES 0.000% 08/19/ CONVERTIBLE BOND 22160QAC6 1205 1130000 PRN SOLE 1130000 0 0
COSTCO WHOLESALE CORP COM 22160K105 16254 351986 SH SOLE 351986 0 0
COX COMMUN INC. 7.750% 11/29/2 CONVERTIBLE PREF 224044503 499 5130 SH SOLE 5130 0 0
COX COMMUNICATIONS 7.000% 08/1 CONVERTIBLE PREF 224044305 1047 15400 SH SOLE 15400 0 0
COX COMMUNICATIONS INC N CL A COM 224044107 1153 22392 SH SOLE 22392 0 0
CVS CORP TRACES 6.000% 05/15/0 CONVERTIBLE PREF 126645209 500 7015 SH SOLE 7015 0 0
DAYTON HUDSON CORP COM 239753106 830 11303 SH SOLE 11303 0 0
DEERE & CO COM 244199105 255 5882 SH SOLE 5882 0 0
DENDRITE INTL INC COM COM 248239105 230 6780 SH SOLE 6780 0 0
DEVON ENERGY CORP NEW 4.950% 0 CONVERTIBLE BOND 25179MAB9 754 775000 PRN SOLE 775000 0 0
DISNEY WALT PRODTNS COM 254687106 675 23091 SH SOLE 23091 0 0
DOLLAR GEN STRYPES TRUST 8.500 CONVERTIBLE PREF 256678103 560 15500 SH SOLE 15500 0 0
DOW CHEMICAL COMPANY COM 260543103 228 1705 SH SOLE 1705 0 0
DU PONT E I DE NEMOU COM 263534109 468 7100 SH SOLE 7100 0 0
E DIGITAL CORP COM COM 26841Y103 29 10000 SH SOLE 10000 0 0
E M C CORP MASS COM 268648102 4058 37144 SH SOLE 37144 0 0
EL PASO ENERGY CAP TR I PFD CO CONVERTIBLE PREF 283678209 871 17285 SH SOLE 17285 0 0
EL PASO ENERGY CORP DEL COM COM 283905107 670 17252 SH SOLE 17252 0 0
ELAN PLC ADR COM 284131208 1547 52450 SH SOLE 52450 0 0
EMERSON ELEC CO COM 291011104 3269 56970 SH SOLE 56970 0 0
ENHANCE FINL SVCS GROUP INC CO COM 293310108 232 14250 SH SOLE 14250 0 0
ENRON CORP COM 293561106 16719 376771 SH SOLE 376771 0 0
ERICSSON L M TEL CO ADR CL B S COM 294821400 373 5672 SH SOLE 5672 0 0
ESTEE LAUDER TRACES 6.250% 06/ CONVERTIBLE PREF 518437207 768 8875 SH SOLE 8875 0 0
EXXON MOBIL CORPORATION COM 30231G102 22450 278711 SH SOLE 278711 0 0
FEDERAL HOME LN MTG CORP COM 313400301 400 8502 SH SOLE 8502 0 0
FEDERAL NATL MTG ASSOC COM 313586109 3126 50070 SH SOLE 50070 0 0
FIRST DATA CORP COM 319963104 5145 104335 SH SOLE 104335 0 0
FIRST ESSEX BANCORP COM COM 320103104 304 21175 SH SOLE 21175 0 0
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 249 7146 SH SOLE 7146 0 0
FORD MTR CO DEL COM 345370100 653 12255 SH SOLE 12255 0 0
GAM FDS INC INTL FD MUTUAL FUNDS 364590109 5998 186518 SH SOLE 186518 0 0
GENERAL ELEC CO COM 369604103 47087 304280 SH SOLE 303080 0 1200
GENZYME CORP 5.250% 06/01/05 CONVERTIBLE BOND 372917AF1 499 390000 PRN SOLE 390000 0 0
GILLETTE CO COM 375766102 3071 74570 SH SOLE 73970 0 600
GLAXO WELLCOME PLC SPONSORED A COM 37733W105 240 4300 SH SOLE 4300 0 0
GTE CORP COM 362320103 26210 371450 SH SOLE 370950 0 500
GUIDANT CORP COM 401698105 1764 37536 SH SOLE 37536 0 0
HADCO CORP COM COM 404681108 724 14190 SH SOLE 14190 0 0
HARBINGER CORP COM COM 41145C103 1066 33520 SH SOLE 33520 0 0
HENRY JACK & ASSOC INC COM COM 426281101 397 7400 SH SOLE 7400 0 0
HEWLETT PACKARD CO COM 428236103 735 6465 SH SOLE 6465 0 0
HOME DEPOT INC COM 437076102 43778 636819 SH SOLE 629472 0 7347
HONEYWELL INTERNATIONAL, INC. COM 438516106 753 13050 SH SOLE 13050 0 0
HOOPER HOLMES INC COM COM 439104100 629 24440 SH SOLE 24440 0 0
HOUSEHOLD INTL INC COM 441815107 206 5536 SH SOLE 5536 0 0
HOUSTON INDUSTRIES EXCH TIME W CONVERTIBLE PREF 442161204 865 7175 SH SOLE 7175 0 0
HSBC HOLDINGS PLC COM 404280406 328 4590 SH SOLE 4590 0 0
HUTCHINSON TECHNOLOGY INC COM COM 448407106 276 13000 SH SOLE 13000 0 0
I B M COM 459200101 24495 227066 SH SOLE 226666 0 400
ILLINOIS TOOL WORKS COM 452308109 2159 31960 SH SOLE 31960 0 0
INGERSOLL-RAND INCOME PRIDE 6. CONVERTIBLE PREF 456867209 606 23775 SH SOLE 23775 0 0
INHALE THERAPEUTIC SYS COM COM 457191104 521 12240 SH SOLE 12240 0 0
INTEL CORP COM 458140100 24466 297234 SH SOLE 295834 0 1400
INTERACTIVE INTELLIGENCE COM 45839M103 277 10400 SH SOLE 10400 0 0
INTERPUBLIC GROUP COS IN COM 460690100 22767 394650 SH SOLE 393650 0 1000
INTL PAPER CO COM 460146103 377 6682 SH SOLE 6682 0 0
INVESTMENT TECHNOLOGY GRP NECO COM 46145F105 387 13455 SH SOLE 13455 0 0
JACOR COMM INC 0.000% 02/09/18 CONVERTIBLE BOND 469858AB0 699 1075000 PRN SOLE 1075000 0 0
JEFFERIES GROUP INC NEW COM COM 472319102 573 26055 SH SOLE 26055 0 0
JEFFERSON PT CO EXCH NATIONSBA CONVERTIBLE PREF 475070207 941 11235 SH SOLE 11235 0 0
JOHNSON & JOHNSON COM 478160104 7062 75730 SH SOLE 75730 0 0
KIMBERLY CLARK CORP COM 494368103 281 4300 SH SOLE 4300 0 0
KONINKLIJKE PHILIPS ELECTRS AD COM 500472204 273 2024 SH SOLE 2024 0 0
LAUDER ESTEE COS INC CL A COM 518439104 2429 48166 SH SOLE 48166 0 0
LIBERTY MEDIA 4.000% 11/15/29 CONVERTIBLE BOND 530715AF8 500 400000 PRN SOLE 400000 0 0
LILLY ELI & CO COM 532457108 1476 22194 SH SOLE 22194 0 0
LINCOLN NATIONAL INCOME PRIDES CONVERTIBLE PREF 534187604 1677 76220 SH SOLE 76220 0 0
LSI LOGIC 4.250% 03/15/04 CONVERTIBLE BOND 502161AD4 386 170000 PRN SOLE 170000 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 29265 390222 SH SOLE 389622 0 600
MAIL-WELL HLDGS INC 5.000% 11/ CONVERTIBLE BOND 560321AD3 459 485000 PRN SOLE 485000 0 0
MARRIOTT INTL INC NEW CL A COM 571903202 614 19464 SH SOLE 18464 0 1000
MASTEC INC COM COM 576323109 257 5780 SH SOLE 5780 0 0
MCDONALDS CORP COM 580135101 2878 71387 SH SOLE 71387 0 0
MCI WORLDCOM COM 55268B106 27049 509751 SH SOLE 508251 0 1500
MEDIAONE GROUP INC COM COM 58440J104 18114 235815 SH SOLE 235265 0 550
MEDIAONE GROUP INC EXC VODAPHO CONVERTIBLE PREF 58440J500 720 15000 SH SOLE 15000 0 0
MEDTRONIC INC COM 585055106 526 14425 SH SOLE 14425 0 0
MERCK & CO INC COM 589331107 20273 301746 SH SOLE 301746 0 0
MERRILL LYNCH & CO INC COM 590188108 211 2533 SH SOLE 2533 0 0
MERRILL LYNCH & CO INC ST YLD CONVERTIBLE PREF 590188645 387 7350 SH SOLE 7350 0 0
METROMEDIA FIBER NETWORK DECS CONVERTIBLE PREF 24366Q209 723 15550 SH SOLE 15550 0 0
METROMEDIA INTL GROUP INC COM COM 591695101 287 60380 SH SOLE 60380 0 0
METROMEDIA INTL. GROUP INC. 7. CONVERTIBLE PREF 591695200 313 10425 SH SOLE 10425 0 0
MICROSOFT CORP COM 594918104 50931 436241 SH SOLE 435831 0 400
MIDCOAST ENERGY RES INC COM COM 59563W104 447 26659 SH SOLE 26659 0 0
MINNESOTA MNG & MFG CO COM 604059105 958 9784 SH SOLE 9784 0 0
MOLEX INC COM 608554101 4496 79312 SH SOLE 79312 0 0
MOLEX INC CL A COM 608554200 365 8065 SH SOLE 8065 0 0
MORGAN ST DEAN WITTER WCOM 6.0 CONVERTIBLE PREF 617446257 662 82699 SH SOLE 82699 0 0
MORGAN STANLEY DEAN WITTER DIS COM 617446448 707 9908 SH SOLE 9908 0 0
MRV COMMUNICATIONS INC COM COM 553477100 920 14630 SH SOLE 14630 0 0
MUTUAL SER FD INC BEACON FD CL MUTUAL FUNDS 628380305 1724 124543 SH SOLE 124543 0 0
NESTLE S A SPON ADR REG FOREIGN COMMON S 641069406 408 4450 SH SOLE 4450 0 0
NEWFIELD EXPL CO COM COM 651290108 346 12950 SH SOLE 12950 0 0
NEWS AMER HLDGS INC LYONS 0.00 CONVERTIBLE BOND 652478AS7 991 1245000 PRN SOLE 1245000 0 0
NICHOLAS FD INC COM MUTUAL FUNDS 653735100 1964 24207 SH SOLE 24207 0 0
OAK INDUSTRIES 4.875% 03/01/08 CONVERTIBLE BOND 671400AL3 1285 460000 PRN SOLE 460000 0 0
OMNICARE INC COM COM 681904108 524 43650 SH SOLE 43650 0 0
OMNICOM 2.250% 01/06/13 CONVERTIBLE BOND 681919AG1 204 100000 PRN SOLE 100000 0 0
OMNICOM GROUP CVT BOND 4.250% CONVERTIBLE BOND 681919AE6 1043 325000 PRN SOLE 325000 0 0
OPEN MKT INC COM COM 68370M100 1189 26345 SH SOLE 26345 0 0
PE BIOSYSTEMS GROUP COM COM 69332S102 21496 178671 SH SOLE 177971 0 700
PE CORP COM CLRA GENOMC COM 69332S201 2871 19266 SH SOLE 19091 0 175
PEGASUS COMMUNICATIONS CORP CL COM 705904100 805 8240 SH SOLE 8240 0 0
PENNSYLVANIA MUT FUND INC MUTUAL FUNDS 709000103 288 38363 SH SOLE 38363 0 0
PEPSICO INC COM 713448108 4743 134562 SH SOLE 134562 0 0
PFIZER INC COM 717081103 22929 706876 SH SOLE 705076 0 1800
PHILIP MORRIS COS INC COM 718154107 1163 50551 SH SOLE 50551 0 0
PITNEY BOWES INC COM 724479100 2965 61375 SH SOLE 61375 0 0
PLC CAPITAL TRUST II CONVERTIBLE PREF 743674202 503 9505 SH SOLE 9505 0 0
PMC-SIERRA INC COM COM 69344F106 417 2600 SH SOLE 2600 0 0
PPG INDS INC COM 693506107 945 15100 SH SOLE 15100 0 0
PRICE T ROWE & ASSOCIATE COM 741477103 433 11720 SH SOLE 11720 0 0
PRIMUS TELECOMM GROUP INC COM COM 741929103 770 20120 SH SOLE 20120 0 0
PROCTER & GAMBLE CO COM 742718109 18296 166989 SH SOLE 166989 0 0
PROLOGIS TR PFD CNV SH BN B CONVERTIBLE PREF 743410300 327 13200 SH SOLE 13200 0 0
PROSPERITY BANCSHARES INC COM COM 743606105 428 26755 SH SOLE 26755 0 0
REPSOL S A SPONSORED ADR COM 76026T205 223 9600 SH SOLE 9600 0 0
ROYAL DUTCH PETRO-NY SHARES COM 780257804 3527 58241 SH SOLE 58241 0 0
ROYCE FD PA MUT FD II MUTUAL FUNDS 780905832 75 10477 SH SOLE 10477 0 0
SAFEWAY INC COM NEW COM 786514208 392 10955 SH SOLE 10955 0 0
SARA LEE CORP COM 803111103 264 11968 SH SOLE 11968 0 0
SBC COMMUNICATIONS INC COM 78387G103 832 17062 SH SOLE 17062 0 0
SBS BROADCASTING ORD COM L8137F102 708 14540 SH SOLE 14540 0 0
SCANDINAVIAN BROADCASTING 7.00 CONVERTIBLE BOND 805906AC8 459 265000 PRN SOLE 265000 0 0
SCHERING PLOUGH CORP COM 806605101 16135 380811 SH SOLE 380811 0 0
SCHLUMBERGER LTD COM 806857108 1401 24956 SH SOLE 24956 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2267 59257 SH SOLE 53399 0 5858
SCI SYS INC COM COM 783890106 29253 355938 SH SOLE 355938 0 0
SCOTTS CO CL A COM 810186106 430 10690 SH SOLE 10690 0 0
SEAGRAMS ACES 7.500% 06/21/02 CONVERTIBLE PREF 811850205 558 12410 SH SOLE 12410 0 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 1457 28850 SH SOLE 28850 0 0
SINCLAIR BROADCAST GROUP CNV P CONVERTIBLE PREF 829226505 389 11100 SH SOLE 11100 0 0
SMITH BARNEY INCOME FDS DIVERS MUTUAL FUNDS 83181A856 107 14573 SH SOLE 14573 0 0
SNYDER STRYPES TR STRUCTURED Y CONVERTIBLE PREF 833502107 791 33300 SH SOLE 33300 0 0
SOLECTRON CORP 0.000% 01/27/19 CONVERTIBLE BOND 834182AJ6 996 1330000 PRN SOLE 1330000 0 0
SOUTHWEST AIRLS CO COM 844741108 571 35437 SH SOLE 35437 0 0
STRYKER CORP COM 863667101 1142 16400 SH SOLE 16400 0 0
SYSCO CORP COM 871829107 18607 470332 SH SOLE 470332 0 0
TEXAS INSTRS INC COM 882508104 21457 222043 SH SOLE 221343 0 700
TIME WARNER INC COM 887315109 23156 320210 SH SOLE 319710 0 500
TODD AO CORP COM COM 888896107 425 13920 SH SOLE 13920 0 0
TRW INC COM 872649108 374 7200 SH SOLE 7200 0 0
TYCO INTL LTD NEW COM COM 902124106 31614 810649 SH SOLE 810649 0 0
UNITED TECHNOLOGIES CORP COM 913017109 322 4960 SH SOLE 4960 0 0
UNOCAL CORP TOPRS CONV $3.125 CONVERTIBLE PREF 91528T207 846 17325 SH SOLE 17325 0 0
UNUMPROVIDENT CORP COM 91529Y106 12048 375773 SH SOLE 375773 0 0
URBAN OUTFITTERS INC COM COM 917047102 402 13800 SH SOLE 13800 0 0
US BANCORP COM 902973106 612 25698 SH SOLE 25698 0 0
USX-MARATHON GROUP COM NEW COM 902905827 209 8480 SH SOLE 8480 0 0
VALUEVISION INTL INCCL A COM 92047K107 896 15625 SH SOLE 15625 0 0
VANGUARD WORLD FD INTL GRWTH P MUTUAL FUNDS 921910204 1429 63551 SH SOLE 63551 0 0
VITESSE SEMICONDUCTOR CORP COM COM 928497106 485 9250 SH SOLE 9250 0 0
VODAFONE GROUP PLC ADR SPONSOR COM 92857T107 557 11260 SH SOLE 11260 0 0
WAL MART STORES INC COM 931142103 20089 290612 SH SOLE 290612 0 0
WALGREEN CO COM 931422109 1136 38845 SH SOLE 38845 0 0
WARNER LAMBERT CO COM 934488107 294 3594 SH SOLE 3594 0 0
WASHINGTON MUT INC COM COM 939322103 304 11749 SH SOLE 11749 0 0
WELLS FARGO NEW COM 949746101 6826 168805 SH SOLE 168805 0 0
WENDY'S INTL TECON $2.50 CONVERTIBLE PREF 950588202 221 4625 SH SOLE 4625 0 0
WEYERHAEUSER CO COM 962166104 438 6093 SH SOLE 6093 0 0
WILLIAMS COS INC COM 969457100 14553 476200 SH SOLE 475600 0 600
WORLD WRESTLING FEDN ENTMT ICL COM 98156Q108 277 16050 SH SOLE 16050 0 0
WRIGLEY WM JR CO COM 982526105 726 8750 SH SOLE 8750 0 0
XETA CORP COM COM 983909102 448 13510 SH SOLE 13510 0 0
ZORAN CORP COM COM 98975F101 857 15370 SH SOLE 15370 0 0
GLOBAL CROSSING LTD COM G3921A100 7 143 SH SOLE 143 0 0
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