<TABLE>
FORM 13F INFORMATION TABLE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACE Limited 8.25% FELINE PRIDE PFD CV 004408209 4300 50000 SH DEFINED 50000
Apache Corp. $2.015 dep. shs. PFD CV 037411600 4865 81600 SH DEFINED 81600
Cox Communications, Inc. 7% FE PFD CV 224044305 3660 60000 SH DEFINED 60000
Dollar General STRYPES Trust 8 PFD CV 256678103 2198 65000 SH DEFINED 65000
Enron Corp. 7% 2002 exch. note PFD CV 293561882 2876 60000 SH DEFINED 60000
Estee Lauder 6.25% TRACES-2 PFD CV 518438205 2028 24600 SH DEFINED 24600
Kerr-McGee Corp. DECS 5.5% 200 PFD CV 492386305 3259 60000 SH DEFINED 60000
MediaOne, Inc. PIES-a 7% 2002 PFD CV 58440J500 1837 50000 SH DEFINED 50000
MetLife Capital Trust I 8% Eq. PFD CV 59156R207 5469 50000 SH DEFINED 50000
The Coastal Corp. 6.625% FELIN PFD CV 190441865 2441 50000 SH DEFINED 50000
The Goldman Sachs Group 8% not PFD CV 38141G716 1632 896 SH DEFINED 896
AES Trust VII $3 trust cv. pfd PFD CV 00103V206 3282 48000 SH DEFINED 48000
Adelphia Communications Corp. PFD CV 006848402 725 5000 SH DEFINED 5000
CNB Capital Trust 6% SPuRS (FI PFD CV 12613G207 4125 100000 SH DEFINED 100000
Calpine Capital trust 5% cv. PFD CV 13134R201 2152 35000 SH DEFINED 35000
Calpine Capital trust 5% cv. PFD CV 13134R300 1015 16500 SH DEFINED 16500
Continental Airlines, Inc. cv. PFD CV 210796207 1560 30000 SH DEFINED 30000
Crown Castle Int'l Corp. 6.25% PFD CV 228227401 1342 30000 SH DEFINED 30000
National Australia Bank Ltd. 7 PFD CV 632525309 2270 80000 SH DEFINED 80000
Radio One Inc. 6 1/2% High Tid PFD CV 75040P504 1595 2000 SH DEFINED 2000
Radio One Inc. 6 1/2% High Tid PFD CV 75040P603 399 500 SH DEFINED 500
SovereignCapitalTrustII unit:7 PFD CV 845905306 2425 50000 SH DEFINED 50000
UnitedGlobalCom dep shs rep 7% PFD CV 913247805 603 38000 SH DEFINED 38000
Advanced Energy Industries, In CONV 007973AA8 1627 2100000 PRN DEFINED 2100000
Allergan Inc. Liquid yield opt CONV 018490AB8 1133 1630000 PRN DEFINED 1630000
America Online cv. sub. deb. 3 CONV 02364JAC8 1687 3500000 PRN DEFINED 3500000
American Tower Corp. cv. sub. CONV 029912AE2 1380 1500000 PRN DEFINED 1500000
Amerisource Health Corp. cv. s CONV 03071PAB8 1765 1500000 PRN DEFINED 1500000
Analog Devices, Inc. cv. sub. CONV 032654AC9 2219 2500000 PRN DEFINED 2500000
Anixter International, Inc. li CONV 035290AA3 1820 8000000 PRN DEFINED 8000000
Bell Atlantic Fin'l Services c CONV 07785GAB6 2938 3000000 PRN DEFINED 3000000
Bell Atlantic Fin'l Services c CONV U0778KAB8 4155 4000000 PRN DEFINED 4000000
Clear Channel Communications, CONV 184502AB8 3028 3000000 PRN DEFINED 3000000
Comcast Corp. cv. sub. notes 1 CONV 200300BH3 1045 1300000 PRN DEFINED 1300000
Corning, Inc. cv. deb. (2% ytm CONV 219350AJ4 1421 2000000 PRN DEFINED 2000000
Costco Wholesale Corp. cv. sub CONV 22160QAA0 1900 2000000 PRN DEFINED 2000000
Costco Wholesale Corp. cv. sub CONV 22160QAC6 2375 2500000 PRN DEFINED 2500000
Credit Suisse First Boston Cor CONV 2254C0AQ0 1825 2000000 PRN DEFINED 2000000
Credit Suisse First Boston Cor CONV 2254C0AM1 2415 3000000 PRN DEFINED 3000000
Credit Suisse First Boston Cor CONV 2254C0AZ0 2685 3000000 PRN DEFINED 3000000
Cypress Semiconductor Corp. cv CONV 232806AF6 1750 2500000 PRN DEFINED 2500000
Deutsche Bank Financial, Inc. CONV 25153EBK6 2185 2000000 PRN DEFINED 2000000
Deutsche Bank Financial, Inc. CONV 25153EBG5 3587 4000000 PRN DEFINED 4000000
Devon Energy Corp. cv. sub. de CONV 25179MAA1 952 1000000 PRN DEFINED 1000000
Devon Energy Corp. cv. sub. de CONV 25179MAB9 1910 2000000 PRN DEFINED 2000000
Diamond Offshore Drilling Inc. CONV 25271CAA0 2206 2000000 PRN DEFINED 2000000
EchoStar Communication Corp. c CONV 278762AB5 1491 2000000 PRN DEFINED 2000000
Elan Finance Corp. Ltd. liquid CONV 284129AA1 2201 3000000 PRN DEFINED 3000000
Exch. Certificates Corp. exch. CONV 30149TAD7 4203 4300000 PRN DEFINED 4300000
Exch. Certificates Corp. exch. CONV 30149TAA3 992 1000000 PRN DEFINED 1000000
Exch. Certificates Corp. exch. CONV 30149TAF2 1635 2000000 PRN DEFINED 2000000
Exch. Certificates Corp. exch. CONV 30149TAG0 1975 2000000 PRN DEFINED 2000000
Exch. Certificates Corp. exch. CONV 30149TAB1 1727 2000000 PRN DEFINED 2000000
Exodus Comunications, Inc. cv. CONV 302088AJ8 382 500000 PRN DEFINED 500000
Exodus Comunications, Inc. cv. CONV 302088AG4 1146 1500000 PRN DEFINED 1500000
First Union National Bank Equi CONV 33737PAA3 2535 2000000 PRN DEFINED 2000000
Hewlett-Packard Co., Inc. liqu CONV 428236AC7 1596 3000000 PRN DEFINED 3000000
Human Genome Sciences, Inc. cv CONV 444903AH1 1350 1600000 PRN DEFINED 1600000
Imax Corp. cv. sub. notes 144A CONV 45245EAC3 737 2000000 PRN DEFINED 2000000
International Power (Cayman) L CONV 46018WAA0 2005 2000000 PRN DEFINED 2000000
Interpublic Group Cos., Inc. c CONV 460690AG5 2805 3000000 PRN DEFINED 3000000
Ivax Corp. cv. senior sub. not CONV 465823AB8 1249 1000000 PRN DEFINED 1000000
JMH Finance, Ltd. senior notes CONV 46621WAA9 2010 2000000 PRN DEFINED 2000000
Kerr-McGee Corp. cv. sub. deb. CONV 492386AL1 985 1000000 PRN DEFINED 1000000
Kerr-McGee Corp. cv. sub. deb. CONV 492386AP2 1888 1500000 PRN DEFINED 1500000
L-3 Communications Holdings cv CONV 502424AA2 2220 2000000 PRN DEFINED 2000000
LSI Logic Corp. cv. sub. notes CONV 502161AE2 1432 2000000 PRN DEFINED 2000000
Lehman Brothers Holdings, Inc. CONV 524908CJ7 3451 3900000 PRN DEFINED 3900000
Level 3 Communications, Inc. c CONV 52729NAG5 1275 1800000 PRN DEFINED 1800000
Liberty Media Group cv. sub. n CONV 530715AK7 1135 2000000 PRN DEFINED 2000000
Loews Corp. cv. sub. notes (DO CONV 540424AL2 889 1000000 PRN DEFINED 1000000
Merrill Lynch medium term note CONV 590188A40 2117 2000000 PRN DEFINED 2000000
Merrill Lynch medium term note CONV 590188JV1 3480 4000000 PRN DEFINED 4000000
National Data Corp. cv. sub. n CONV 635621AA3 3205 3500000 PRN DEFINED 3500000
Nextel Communications, Inc. cv CONV 65332VAW3 2186 3000000 PRN DEFINED 3000000
Online Resources & Communicati CONV 68273GAA9 1400 2000000 PRN DEFINED 2000000
Penn Treaty American Corp. cv. CONV 707874AA1 1005 1250000 PRN DEFINED 1250000
Penn Treaty American Corp. cv. CONV 707874AC7 1005 1250000 PRN DEFINED 1250000
Peregrine Systems, Inc. cv. su CONV 71366QAA9 985 1000000 PRN DEFINED 1000000
Pinnacle Holdings, inc. cv. su CONV 72346NAC5 240 500000 PRN DEFINED 500000
Rational Software cv. sub. not CONV 75409PAA1 1290 1000000 PRN DEFINED 1000000
Roche Holdings, Inc. liquid yi CONV 771196AG7 1114 1250000 PRN DEFINED 1250000
STMicroelectronics, N.V. cv. s CONV 861012AC6 1002 1500000 PRN DEFINED 1500000
Sci Systems, Inc. cv. sub. not CONV 783890AF3 2003 2500000 PRN DEFINED 2500000
Sepracor, Inc. cv. notes 144A CONV 817315AF1 2827 2000000 PRN DEFINED 2000000
Sepracor, Inc. cv. notes Reg. CONV 817315AH7 707 500000 PRN DEFINED 500000
Solectron Corp. liquid yield o CONV 834182AJ6 1177 2000000 PRN DEFINED 2000000
Spacehab, Inc. cv. sub. notes CONV 846243AA1 941 1405000 PRN DEFINED 1405000
Tecnost International, N.V. am CONV 878756AA3 2761 3000000 PRN DEFINED 3000000
Tekelec cv. sub. discount note CONV 879101AA1 1781 1000000 PRN DEFINED 1000000
The Goldman Sachs Group, Inc. CONV 38141GAM6 2059 2000000 PRN DEFINED 2000000
United Parcel Service, Inc. c CONV 911312AB2 2100 2000000 PRN DEFINED 2000000
Young & Rubicam cv. sub. notes CONV 987425AC9 3061 3100000 PRN DEFINED 3100000
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