UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendent []; Amendment Number:
This Amendment (Check only one.): [] is a restatement.
[] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: SMC Capital, Inc.
Address: 4350 Brownsboro Road, Suite 310
Louisville, Kentucky 40207
13F File Number: 801-44124
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: Frank Kiley
Title: C.P.A.
Phone: 502-893-4200
Signature, Place, and Date of Signing:
Frank Kiley Louisville, Kentucky October 4, 1999
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 13F SUMMARY PAGE
Report Summary:
Number of other Included Managers: 0
Form 13F Information Table Entry Total: 177
Form 13F Information Table Value Total: $137,111
<TABLE>
FORM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACKERLEY GROUP COM 004527107 515 41800.00 SH Sole 41800.00
ADELPHIA COMMUNICATIONS CORP COM 006848105 588 10000.00 SH Sole 10000.00
AFLAC INC. COM 001055102 433 10345.00 SH Sole 10345.00
AKSYS LTD COM 010196103 165 30000.00 SH Sole 30000.00
AMERICAN EXPRESS CO COM 025816109 423 3135.00 SH Sole 3135.00
AMERICAN HOME PRODUCTS COM 026609107 637 15346.00 SH Sole 15346.00
AMERICAN RADIO SYS CL A COM 001693100 1294 21300.00 SH Sole 21300.00
AMERICAN TOWERS CORPORATION COM 029912201 1824 92941.00 SH Sole 92941.00
AMKOR TECHNOLOGY COM 031652100 484 30000.00 SH Sole 30000.00
ANCHOR GAMING COM 033037102 208 3500.00 SH Sole 3500.00
AT HOME CORP COM 045919107 2238 54000.00 SH Sole 54000.00
ATLANTIC COAST AIRLINES COM 048396105 355 20000.00 SH Sole 20000.00
AUTOMATIC DATA PROCESS COM 053015103 222 4964.00 SH Sole 4964.00
BANC ONE CORP COM COM 06423a103 348 10000.00 SH Sole 10000.00
BANKAMERICA CORP COM 060505104 498 8950.00 SH Sole 8950.00
BROADCOM CORPORATION COM 111320107 3488 32000.00 SH Sole 32000.00
C MORE MEDICAL SOLUTIONS COM 125921908 101 58000.00 SH Sole 58000.00
CABLEVISION SYSTEMS CORP COM 12686c109 1528 21000.00 SH Sole 21000.00
CARNIVAL CORP CL A COM 143658102 277 6375.00 SH Sole 6375.00
CHASE MANHATTAN NEW COM 16161A108 1256 16662.00 SH Sole 16662.00
CHECKFREE HOLDINGS INC. COM 162816102 4112100000.00 SH Sole 100000.00
CHURCHILL DOWNS INC COM 171484108 351 15200.00 SH Sole 15200.00
CINTAS CORP COM 172908105 551 9530.00 SH Sole 9530.00
CIRCUIT CITY STORES COM 172737108 422 10000.00 SH Sole 10000.00
CISCO SYS INC COM 17275R102 1949 28430.00 SH Sole 28430.00
CITIZENS FINL CORP KY CL A COM 174613109 3998339410.00 SH Sole 339410.00
CLEAR CHANNEL COMMUN COM 184502102 4431 55475.00 SH Sole 55475.00
CMORE MEDICAL SOLUTIONS COM 100 40000.00 SH Sole 40000.00
COCA COLA CO COM 191216100 401 8301.00 SH Sole 8301.00
COMCAST CORP CL A SPECIAL COM 200300200 1502 37675.00 SH Sole 37675.00
COMCAST CORP CLASS A COM 200300101 1360 37725.00 SH Sole 37725.00
COMMERCE BANCORP COM 200519106 871 21000.00 SH Sole 21000.00
COMMONWEALTH BANCSHARES INC COM 1383 359.00 SH Sole 359.00
COMMONWEALTH FINANCIAL CORP COM 260 58.00 SH Sole 58.00
COSTCO WHOLESALE CORPORATION COM 22160k105 2520 35000.00 SH Sole 35000.00
DAYTON HUDSON COM 239753106 714 11886.00 SH Sole 11886.00
DE BEERS CORP COM 240253302 283 10500.00 SH Sole 10500.00
DEAN FOODS COM 242361103 227 5200.00 SH Sole 5200.00
DIGITAL MICROWAVE CORP COM 253859102 157 10000.00 SH Sole 10000.00
DIONEX CORP COM 254546104 1924 45000.00 SH Sole 45000.00
DU PONT E I DE NEMOURS COM 263534109 360 5948.00 SH Sole 5948.00
FAXSAV/NET MOVES INC. COM 64116a104 62 10000.00 SH Sole 10000.00
FEDERAL TRUST COM 314012105 179 70000.00 SH Sole 70000.00
FIRST FEDERAL BANKSHARES COM 274 30000.00 SH Sole 30000.00
FISERV INC COM. COM 337738108 864 26581.50 SH Sole 26581.50
FOODARAMA SUPERMARKETS INC COM 344820105 496 16800.00 SH Sole 16800.00
FOUNDRY NETWORKS INC. COM 35063r100 756 6000.00 SH Sole 6000.00
FRANKLIN RES INC COM 354613101 251 8198.00 SH Sole 8198.00
GEMSTAR INTERNATIONAL GRP COM g3788v106 312 4000.00 SH Sole 4000.00
GENERAL ELEC CO COM 369604103 620 5227.00 SH Sole 5227.00
GILEAD SCIENCE INC COM 375558103 1284 20000.00 SH Sole 20000.00
GOOD GUYS, INC. COM 382091106 319 50000.00 SH Sole 50000.00
GREY ADVERTISING INC. COM 397838103 865 2350.00 SH Sole 2350.00
GUIDANT CORP COM 401698105 2300 42894.00 SH Sole 42894.00
HAEMONETICS COM 405024100 197 10000.00 SH Sole 10000.00
HIGH SPEED ACCESS CORP COM 42979u102 1376 60000.00 SH Sole 60000.00
HILB ROGAL AND HAMILTON COMPAN COM 431294107 546 21800.00 SH Sole 21800.00
HOLLINGER INTL. INC. CL. A COM 435569108 145 12200.00 SH Sole 12200.00
ILLINOIS TOOL WORKS INC COM 452308109 543 7286.00 SH Sole 7286.00
INFINITY BROADCASTING CORP COM 45662s102 1108 37800.00 SH Sole 37800.00
INGRAM MICRO COM 457153104 875 68000.00 SH Sole 68000.00
INKTOMI CORPORATION COM 457277101 1200 10000.00 SH Sole 10000.00
INTEL CORP COM 458140100 1512 20348.00 SH Sole 20348.00
INTERCEPT GROUP INC. COM 45845l107 370 20000.00 SH Sole 20000.00
JACKSONVILLE BANCORP COM 100 10000.00 SH Sole 10000.00
JDS UNIPHASE CORP COM 46612j101 1138 10000.00 SH Sole 10000.00
JOHNSON & JOHNSON COM 478160104 596 6489.00 SH Sole 6489.00
KNIGHT/TRIMARK GROUP INC. COM 499067106 592 20000.00 SH Sole 20000.00
KROGER CO COM 501044101 351 15900.00 SH Sole 15900.00
LABONE INC. COM 50540l105 166 17700.00 SH Sole 17700.00
LAMAR ADVERTISING CO. COM 512815101 1485 30000.00 SH Sole 30000.00
LANCER INC. COM 514614106 70 12100.00 SH Sole 12100.00
LAZARE KAPLAN INTL INC COM 521078105 81 10000.00 SH Sole 10000.00
LIZ CLAIBORNE COM 539320101 223 7191.00 SH Sole 7191.00
LUCENT TECHNOLOGIES COM 549463107 2595 40000.00 SH Sole 40000.00
MAKER COMMUNICATIONS COM 560875106 411 17500.00 SH Sole 17500.00
MARKETING SPECIALISTS CORP. COM 57060r107 269 50000.00 SH Sole 50000.00
MARSHALL & ILSLEY CORP COM 571834100 349 6120.00 SH Sole 6120.00
MAXTOR CORP COM 577729205 333 50500.00 SH Sole 50500.00
MCI WORLDCOM COM 55268b106 2156 30000.00 SH Sole 30000.00
MEDTRONIC INC COM 585055106 668 18786.00 SH Sole 18786.00
MICROSOFT CORP COM 594918104 3463 38240.00 SH Sole 38240.00
MORGAN STANLEY DEAN WITTER COM 617446448 892 10000.00 SH Sole 10000.00
MOTOROLA INC COM 620076109 2251 25577.00 SH Sole 25577.00
NATIONAL BEVERAGE CORP COM 635017106 98 12300.00 SH Sole 12300.00
NETOBJECTS INC COM 64114L102 169 30000.00 SH Sole 30000.00
NEXTEL COMMUNICATIONS CL A COM 65332V103 2034 30000.00 SH Sole 30000.00
NORTHPOINT TELECOMMUNICATIONS COM 666610100 555 30000.00 SH Sole 30000.00
ONEMAIN.COM INC COM 68267p109 657 40000.00 SH Sole 40000.00
OPTICAL SENSORS INC COM 68384P107 94 93700.00 SH Sole 93700.00
OUTDOOR SYSTEMS COM 690057104 1072 30000.00 SH Sole 30000.00
P-COM INC COM 693262107 700100000.00 SH Sole 100000.00
PEPSI BOTTLING GROUP INC COM 713409100 1827107100.00 SH Sole 107100.00
PEPSICO INC COM 713448108 488 15998.00 SH Sole 15998.00
PER-SE TECHNOLOGIES, INC. COM 584028104 344100000.00 SH Sole 100000.00
PETSMART, INC. COM 716768106 149 40000.00 SH Sole 40000.00
PF CHANG'S CHINA BISTRO INC. COM 69333y108 951 44000.00 SH Sole 44000.00
PHARMACOPEIA INC. COM 71713b104 435 40000.00 SH Sole 40000.00
PHARMAPRINT INC COM 716950100 192 40000.00 SH Sole 40000.00
PIER 1 IMPORTS INC COM 720279108 919140000.00 SH Sole 140000.00
PINNACLE BANC GRP INC COM 723449104 221 7500.00 SH Sole 7500.00
PINNACLE HOLDINGS COM 72346n101 261 10000.00 SH Sole 10000.00
POINTE FINANCIAL COM 73084p100 557 54000.00 SH Sole 54000.00
QUALCOMM COM 747525103 1135 6000.00 SH Sole 6000.00
QUIXOTE CORP COM 749056107 228 15200.00 SH Sole 15200.00
QWEST COMMUNICATIONS INTL INC COM 749121109 591 20000.00 SH Sole 20000.00
RADIANT SYSTEMS INC. COM 75025n102 243 15000.00 SH Sole 15000.00
RHYTHMS NETCONNECTIONS INC. COM 762430205 1225 35500.00 SH Sole 35500.00
RSA SECURITY COM 749719100 332 12500.00 SH Sole 12500.00
SAGENT TECHNOLOGY COM 786693101 236 25000.00 SH Sole 25000.00
SANCHEZ COMPUTER ASSOC COM 799702105 1668 47500.00 SH Sole 47500.00
SANDISK CORPORATION COM 80004c101 1173 18000.00 SH Sole 18000.00
SEPRACOR INC. COM 817315104 245 3245.00 SH Sole 3245.00
SERVICEMASTER CO. COM 81760n109 402 25050.00 SH Sole 25050.00
SOMERSET GROUP INC. COM 834706103 205 11606.00 SH Sole 11606.00
SONY CORP ADR NEW COM 835699307 607 4045.00 SH Sole 4045.00
SOUTHMARK CORP. COM 844544809 0 21918.00 SH Sole 21918.00
SPEEDWAY MOTORSPORTS INC COM 847788106 866 20000.00 SH Sole 20000.00
STAPLES INC COM 855030102 1413 64797.00 SH Sole 64797.00
STRATEGIA CORP COM 86268Q108 12 10000.00 SH Sole 10000.00
SUIZA FOODS CORP COM 865077101 836 22300.00 SH Sole 22300.00
TEKELEC COM 879101103 1243 90000.00 SH Sole 90000.00
TELEGLOBE INC. COM 87941v100 309 20000.00 SH Sole 20000.00
TELEPHONE & DATA SYSTEMS COM 879433100 1776 20000.00 SH Sole 20000.00
TERAYON COMMUNICATIONS COM 880775101 1173 24000.00 SH Sole 24000.00
TEXAS INSTRS INC COM 882508104 1120 13618.00 SH Sole 13618.00
TOWNE SERVICES INC. COM 892148107 653205000.00 SH Sole 205000.00
VALERO ENERGY CORP COM 91913y100 577 30000.00 SH Sole 30000.00
VALUE VISION INTL. COM 92047k107 260 10000.00 SH Sole 10000.00
VENCOR INC COM 92260R102 41352800.00 SH Sole 352800.00
VIACOM INC. CLASS B COM 925524308 845 20000.00 SH Sole 20000.00
VISX INC DEL COM 92844S105 1780 22500.00 SH Sole 22500.00
WACKENHUT CORP CLASS B COM 929794303 552 36775.00 SH Sole 36775.00
WALGREEN CO COM 931422109 813 32046.00 SH Sole 32046.00
WARNER LAMBERT CO COM 934488107 1363 20532.00 SH Sole 20532.00
WATERS CORP COM 941848103 1211 20000.00 SH Sole 20000.00
WAVE SYSTEMS INVESTORS COM 269 25000.00 SH Sole 25000.00
WESTWOOD ONE, INC. COM 961815107 902 20000.00 SH Sole 20000.00
XEROX CORP COM 984121103 288 6875.00 SH Sole 6875.00
XILINX COM 983919101 2595 39606.00 SH Sole 39606.00
XOMED SURGICAL PRODUCTS COM 98412v107 570 10000.00 SH Sole 10000.00
YOUNG BROADCASTING COM 987434107 1571 30000.00 SH Sole 30000.00
INKT, OCT. 120 CALLS STK OPT 356 500 SH Sole 500
JDSU, OCT. 90 CALLS STK OPT 594 250 SH Sole 250
ADVANTA CONV.PFD. PFD 007942303 327 21100 SH Sole 21100
CARIBOU COFFEE CO.SERIES A PRE PFD 97 15000 SH Sole 15000
CARIBOU COFFEE CO.SERIES B PRE PFD 196 28000 SH Sole 28000
CSC HOLDINGS INC. PFD 8.5% PFD 126304203 542 5000 SH Sole 5000
FELCOR SUITE HOTELS CONV.PFD. PFD 314305202 167 10000 SH Sole 10000
GLOBALSTAR 8% CONV. PFD. 144A PFD 379364508 1420 25000 SH Sole 25000
HYUNDAI ELECTRONICS TRUST DECS PFD 243664208 229 30000 SH Sole 30000
KMART FING I PFD TRCV 7.75% PFD 498778208 357 7500 SH Sole 7500
MLCO 7.12% PFD. PFD 59021g204 222 10000 SH Sole 10000
NEXTEL STRYPES TR STRYPES NXTL PFD 65332Y107 813 14000 SH Sole 14000
NOVA CORP PFD. 9.50% PFD 66977t205 242 10000 SH Sole 10000
PSIX PFD. PFD 74437C309 796 20000 SH Sole 20000
QWEST TRENDS TRUST 5.75% 144A PFD 74912L105 997 20000 SH Sole 20000
SUIZA FOODS 5 1/2% CONV.PFD. 2 PFD 86507g408 1734 50175 SH Sole 50175
VERIO PFD. PFD 923433304 205 5000 SH Sole 5000
AES CORP CONV BONDS 4.5%, 8-15 CONV BD 00130HAN5 127 100000 PRN Sole 100000
ATHM CONV. BONDS 4%, 12-28-201 CONV BD 045919aa5 949 1500000 PRN Sole 1500000
CORPORATE EXPRESS INC CONV BD 219888AC8 490 500000 PRN Sole 500000
FUISZ TECHNOLOGY CONV. BONDS CONV BD 359536aa7 372 400000 PRN Sole 400000
HEARTPORT INC. CONV BD 421969ac0 225 500000 PRN Sole 500000
JACOR COMMUNICATIONS INC. 0%,2 CONV BD 469858AB0 186 300000 PRN Sole 300000
KELLSTROM CONV. BONDS 5.50%, 6 CONV BD 488035ae6 342 500000 PRN Sole 500000
LAMR CONV. BONDS 5.25%, 9-15-2 CONV BD 512815af8 126 100000 PRN Sole 100000
NEORX CORP CONV BD 640520AA0 76 200000 PRN Sole 200000
PCOM CONV. NOTES 4.25% DUE 11- CONV BD 693262aa5 301 500000 PRN Sole 500000
PHYCOR INC CONV BD 71940FAB6 138 200000 PRN Sole 200000
QUADRAMED CONV. BONDS, 5.25% 5 CONV BD 74730waa9 57 100000 PRN Sole 100000
SEPRACOR INC - 144A CONV NOTES CONV BD 817315af1 463 500000 PRN Sole 500000
SPEEDWAY MOTORSPORTS INC CONV BD 847788AA4 748 500000 PRN Sole 500000
TELEFONOS DE MEXICO 4.25% 6/15 CONV BD 879403ad5 235 250000 PRN Sole 250000
VENTRITEX INC CONV BD 922814AA6 155 150000 PRN Sole 150000
WHOLE FOODS CONV. BONDS 0%, 3- CONV BD 966837aa4 258 800000 PRN Sole 800000
ROBERTSON STEPHENS CONTRARIAN MUT FD 770648301 10510882.321 SH Sole 10882.321
ACKERLEY GROUP COM 004527107 396 21800 SH SOLE 21800
ADELPHIA COMMUNICATIONS CORP COM 006848105 636 10000 SH SOLE 10000
AFLAC INC. COM 001055102 495 10345 SH SOLE 10345
AIRBORNE FREIGHT COPR. COM 009266107 969 35000 SH SOLE 35000
AKSYS LTD COM 010196103 174 30000 SH SOLE 30000
AMERICA ONLINE COM 02364j104 1100 10000 SH SOLE 10000
AMERICAN EXPRESS CO COM 025816109 408 3135 SH SOLE 3135
AMERICAN HOME PRODUCTS COM 026609107 203 3546 SH SOLE 3546
AMERICAN TELECASTING COM 030151104 1577 264250 SH SOLE 264250
AMERICAN TOWERS CORPORATION COM 029912201 2231 92941 SH SOLE 92941
AT HOME CORP COM 045919107 2697 50000 SH SOLE 50000
AUTOMATIC DATA PROCESS COM 053015103 218 4964 SH SOLE 4964
BANKAMERICA CORP COM 060505104 656 8950 SH SOLE 8950
BROADCOM CORPORATION COM 111320107 1012 7000 SH SOLE 7000
C MORE MEDICAL SOLUTIONS COM 125921908 101 58000 SH SOLE 58000
CABLEVISION SYSTEMS CORP COM 12686c109 700 10000 SH SOLE 10000
CARNIVAL CORP CL A COM 143658102 309 6375 SH SOLE 6375
CENDANT CORP GROWTH PRIDES COM 151313400 291 10000 SH SOLE 10000
CHANCELLOR MEDIA CORP. COM 158915108 1102 20000 SH SOLE 20000
CHASE MANHATTAN NEW COM 16161A108 1441 16662 SH SOLE 16662
CHECKFREE HOLDINGS INC. COM 162816102 1905 69100 SH SOLE 69100
CHICAGO TITLE CORP COM 168228104 462 12950 SH SOLE 12950
CIENA CORP COM 171779101 453 15000 SH SOLE 15000
CINTAS CORP COM 172908105 320 4765 SH SOLE 4765
CISCO SYS INC COM 17275R102 543 8430 SH SOLE 8430
CITIGROUP INC. COM 172967101 586 12337 SH SOLE 12337
CITIZENS FINL CORP KY CL A COM 174613109 3913 332210 SH SOLE 332210
CLEAR CHANNEL COMMUN COM 184502102 3159 45825 SH SOLE 45825
CMORE MEDICAL SOLUTIONS COM 100 40000 SH SOLE 40000
CNET INC COM 125945105 2535 44000 SH SOLE 44000
COCA COLA CO COM 191216100 515 8301 SH SOLE 8301
COMCAST CORP CLASS A COM 200300101 900 25125 SH SOLE 25125
COMCAST CORPORATION CL A COM 200300200 964 25075 SH SOLE 25075
COMMONWEALTH BANCSHARES INC COM 1383 359 SH SOLE 359
COMMONWEALTH FINANCIAL CORP COM 260 58 SH SOLE 58
COMPUTER HORIZONS COM 205908106 414 30000 SH SOLE 30000
CONSOLIDATED STORES CORP COM 210149100 2071 76700 SH SOLE 76700
COSTCO COMPANIES COM 22160q102 1201 15000 SH SOLE 15000
COVAD COMMUNICATIONS GROUP COM 222814204 560 10500 SH SOLE 10500
DAIMLER CHRYSLER AG COM D1668R123 389 4368 SH SOLE 4368
DAYTON HUDSON COM 239753106 773 11886 SH SOLE 11886
DE BEERS CORP COM 240253302 251 10500 SH SOLE 10500
DEAN FOODS COM 242361103 632 15200 SH SOLE 15200
DIGITAL MICROWAVE CORP COM 253859102 127 10000 SH SOLE 10000
DIONEX CORP COM 254546104 2025 50000 SH SOLE 50000
DU PONT E I DE NEMOURS COM 263534109 406 5948 SH SOLE 5948
EXCHANGE APPS COM 300867108 407 10000 SH SOLE 10000
FAXSAV/NET MOVES INC. COM 31210l104 110 20000 SH SOLE 20000
FEDERAL TRUST COM 314012105 197 70000 SH SOLE 70000
FIRST FEDERAL BANKSHARES COM 289 30000 SH SOLE 30000
FISERV INC COM. COM 337738108 1471 46982 SH SOLE 46982
FOOD LION INC. COM 344775200 261 21975 SH SOLE 21975
FOODARAMA SUPERMARKETS INC COM 344820105 502 16800 SH SOLE 16800
FRANKLIN RES INC COM 354613101 333 8198 SH SOLE 8198
GALILEO TECH LTD. COM m47298100 453 10000 SH SOLE 10000
GEMSTAR INTERNATIONAL GRP COM g3788v106 2610 40000 SH SOLE 40000
GENERAL ELEC CO COM 369604103 591 5227 SH SOLE 5227
GLOBALSTAR TELECOMMUNICATIONS COM g3930h104 232 10000 SH SOLE 10000
GREAT PLAINS SOFTWARE INC. COM 39119e105 897 19000 SH SOLE 19000
GREY ADVERTISING INC. COM 397838103 783 2350 SH SOLE 2350
GUIDANT CORP COM 401698105 2193 42894 SH SOLE 42894
GULFSTREAM AEROSPACE CORP. COM 402734107 676 10000 SH SOLE 10000
HAEMONETICS COM 405024100 401 20000 SH SOLE 20000
HIGH SPEED ACCESS CORP COM 42979u102 3203 125000 SH SOLE 125000
HILB ROGAL AND HAMILTON COMPAN COM 431294107 488 21800 SH SOLE 21800
HOLLINGER INTL. INC. CL. A COM 435569108 145 12200 SH SOLE 12200
ILLINOIS TOOL WORKS INC COM 452308109 596 7286 SH SOLE 7286
INFINITY BROADCASTING CORP COM 45662s102 1117 37800 SH SOLE 37800
INTEL CORP COM 458140100 616 10348 SH SOLE 10348
INTERACTIVE ENTERTAINMENT LTD COM g4802p109 4 16500 SH SOLE 16500
JACKSONVILLE BANCORP COM 100 10000 SH SOLE 10000
JOHNSON & JOHNSON COM 478160104 636 6489 SH SOLE 6489
K MART COM 482584109 181 11000 SH SOLE 11000
LAB HOLDINGS INC. COM 505353102 164 11800 SH SOLE 11800
LAMAR ADVERTISING CO. COM 512815101 1228 30000 SH SOLE 30000
LANCER INC. COM 514614106 95 11300 SH SOLE 11300
LAZARE KAPLAN INTL INC COM 521078105 101 10000 SH SOLE 10000
LIZ CLAIBORNE COM 539320101 262 7191 SH SOLE 7191
LUCENT TECHNOLOGIES COM 549463107 2708 40160 SH SOLE 40160
MARSHALL & ILSLEY CORP COM 571834100 394 6120 SH SOLE 6120
MCI WORLDCOM COM 55268b106 2582 30000 SH SOLE 30000
MEDAPHIS CORP COM 584028104 575 100000 SH SOLE 100000
MEDTRONIC INC COM 585055106 731 9393 SH SOLE 9393
MERKERT AMERICAN CORP COM 590080107 237 25000 SH SOLE 25000
MICROSOFT CORP COM 594918104 2457 27240 SH SOLE 27240
MOBILE MINI INC. COM 60740f105 391 20000 SH SOLE 20000
MORGAN STANLEY DEAN WITTER COM 617446448 1026 10000 SH SOLE 10000
MOTOROLA INC COM 620076109 528 5577 SH SOLE 5577
NATIONAL BEVERAGE CORP COM 635017106 98 10700 SH SOLE 10700
NBTY INC. COM 628782104 130 20000 SH SOLE 20000
NCR CORP COM 62886E108 268 5495 SH SOLE 5495
NETOBJECTS INC COM 64114L102 242 30000 SH SOLE 30000
NETWORK APPLIANCE CORP COM 64120l104 2961 53000 SH SOLE 53000
NORTHPOINT TELECOMMUNICATIONS COM 666610100 365 10000 SH SOLE 10000
OFFICE DEPOT INC. COM 676220106 882 40000 SH SOLE 40000
ONEMAIN.COM INC COM 68267p109 472 20000 SH SOLE 20000
OPTICAL SENSORS INC COM 68384P107 85 93700 SH SOLE 93700
OUTDOOR SYSTEMS COM 690057104 1095 30000 SH SOLE 30000
PEPSI BOTTLING GROUP INC COM 713409100 1387 60000 SH SOLE 60000
PEPSICO INC COM 713448108 619 15998 SH SOLE 15998
PEREGRINE SYSTEMS INC. COM 71366Q101 257 10000 SH SOLE 10000
PETSMART, INC. COM 716768106 410 40000 SH SOLE 40000
PF CHANG'S CHINA BISTRO INC. COM 69333y108 1168 54000 SH SOLE 54000
PHARMACOPEIA INC. COM 71713b104 450 40000 SH SOLE 40000
PHARMAPRINT INC COM 716950100 200 40000 SH SOLE 40000
PIER 1 IMPORTS INC COM 720279108 1125 100000 SH SOLE 100000
PINNACLE BANC GRP INC COM 723449104 239 7500 SH SOLE 7500
POINTE FINANCIAL COM 73084p100 567 54000 SH SOLE 54000
QUIXOTE CORP COM 749056107 185 15200 SH SOLE 15200
RADIANT SYSTEMS INC. COM 75025n102 570 40000 SH SOLE 40000
RYTHMS NETCONNECTIONS INC. COM 762430205 2977 51000 SH SOLE 51000
S&P DEPOSITORY RECEIPT COM 78462F103 1930 14085 SH SOLE 14085
SAGENT TECHNOLOGY COM 786693101 216 25000 SH SOLE 25000
SCHLUMBERGER LTD COM 806857108 242 3798 SH SOLE 3798
SECURITY FIRST TECH CORP COM 814279105 2256 50000 SH SOLE 50000
SEPRACOR INC. COM 817315104 264 3245 SH SOLE 3245
SINCLAIR BROADCASTING GROUP COM 829226109 532 32500 SH SOLE 32500
SOMERSET GROUP INC. COM 834706103 232 11606 SH SOLE 11606
SONY CORP ADR NEW COM 835699307 446 4045 SH SOLE 4045
SOUTHMARK CORP. COM 844544809 0 21918 SH SOLE 21918
SPEEDWAY MOTORSPORTS INC COM 847788106 786 20000 SH SOLE 20000
STAPLES INC COM 855030102 1030 33297 SH SOLE 33297
STRATEGIA CORP COM 86268Q108 16 10000 SH SOLE 10000
SUIZA FOODS CORP COM 865077101 431 10300 SH SOLE 10300
TANDY CORP COM 875382103 555 11360 SH SOLE 11360
TEKELEC COM 879101103 975 80000 SH SOLE 80000
TELEGLOBE INC. COM 87941v100 595 20000 SH SOLE 20000
TELEPHONE & DATA SYSTEMS COM 879433100 1462 20000 SH SOLE 20000
TERAYON COMMUNICATIONS COM 880775101 223 4000 SH SOLE 4000
TEXAS INSTRS INC COM 882508104 980 6809 SH SOLE 6809
TOWNE SERVICES INC. COM 892148107 1024 130000 SH SOLE 130000
VALERO ENERGY CORP COM 91913y100 1286 60000 SH SOLE 60000
VENCOR INC COM 922602107 57 383300 SH SOLE 383300
VIACOM INC. CLASS B COM 925524308 880 20000 SH SOLE 20000
VISX INC DEL COM 92844S105 594 7500 SH SOLE 7500
WACKENHUT CORP CLASS B COM 929794303 1082 45075 SH SOLE 45075
WALGREEN CO COM 931422109 941 32046 SH SOLE 32046
WARNER LAMBERT CO COM 934488107 1419 20532 SH SOLE 20532
WAVE SYSTEMS INVESTORS COM 475 25000 SH SOLE 25000
WESTWOOD ONE, INC. COM 961815107 714 20000 SH SOLE 20000
XEROX CORP COM 984121103 406 6875 SH SOLE 6875
XILINX COM 983919101 2267 39606 SH SOLE 39606
YOUNG BROADCASTING COM 987434107 1277 30000 SH SOLE 30000
ZANY BRAINY INC COM 98906q101 97 10000 SH SOLE 10000
CNET INC COM 125945105 -2881 -50000 SH SOLE -50000
MICROSOFT CORP COM 594918104 -902 -10000 SH SOLE -10000
S&P DEPOSITORY RECEIPT COM 78462F103 -1370 -10000 SH SOLE -10000
WARNER LAMBERT CO COM 934488107 -691 -10000 SH SOLE -10000
CNET JULY 35 CALLS STK OPT 311 140 SH SOLE 140
CSCO JULY 50 CALLS STK OPT 292 200 SH SOLE 200
MOT JULY 70 CALLS STK OPT 490 200 SH SOLE 200
ADVANTA CONV.PFD. PFD 007942303 330 23600 SH SOLE 23600
CARIBOU COFFEE CO.SERIES A PRE PFD 97 15000 SH SOLE 15000
CARIBOU COFFEE CO.SERIES B PRE PFD 196 28000 SH SOLE 28000
CHANCELLOR MEDIA PFD 6% 144A - PFD 300248408 550 5000 SH SOLE 5000
CSC HOLDINGS INC. PFD 8.5% PFD 126304203 540 5000 SH SOLE 5000
FELCOR SUITE HOTELS CONV.PFD. PFD 314305202 204 10000 SH SOLE 10000
GLOBALSTAR 8% CONV. PFD. 144A PFD 379364508 1437 25000 SH SOLE 25000
HYUNDAI ELECTRONICS TRUST DECS PFD 243664208 199 30000 SH SOLE 30000
KMART FING I PFD TRCV 7.75% PFD 498778208 877 15000 SH SOLE 15000
MLCO 7.12% PFD. PFD 59021g204 241 10000 SH SOLE 10000
NEXTEL STRYPES TR STRYPES NXTL PFD 65332Y107 588 14000 SH SOLE 14000
NOVA CORP PFD. 9.50% PFD 66977t205 257 10000 SH SOLE 10000
PSIX PFD. PFD 74437C309 900 20000 SH SOLE 20000
QWEST TRENDS TRUST 5.75% 144A PFD 74912L105 1130 20000 SH SOLE 20000
SINCLAIR BROADCASTING CONV. PF PFD 829226505 1795 41500 SH SOLE 41500
SUIZA FOODS 5 1/2% CONV.PFD. 2 PFD 86507g408 2234 60175 SH SOLE 60175
AES CORP CONV BONDS 4.5%, 8-15 CONV BD 00130HAN5 124 100000 PRN SOLE 100000
AMAZON.COM INC CONV BD 023135af3 194 200000 PRN SOLE 200000
ATHM CONV. BONDS 4%, 12-28-201 CONV BD 045919aa5 1162 1500000 PRN SOLE 1500000
CORPORATE EXPRESS INC CONV BD 219888AC8 465 500000 PRN SOLE 500000
FUISZ TECHNOLOGY CONV. BONDS CONV BD 359536aa7 225 500000 PRN SOLE 500000
HEALTHSOUTH 3.24% 04/01/03 CONV BD 421924af8 424 500000 PRN SOLE 500000
HEALTHSOUTH CONV. BONDS 3.25%, CONV BD 421924ad3 424 500000 PRN SOLE 500000
HEARTPORT INC. CONV BD 421969ac0 250 500000 PRN SOLE 500000
JACOR COMMUNICATIONS INC. 0%,2 CONV BD 469858AB0 166 300000 PRN SOLE 300000
KELLSTROM CONV. BONDS 5.50%, 6 CONV BD 488035ae6 413 500000 PRN SOLE 500000
MINDSPRING CONV. BONDS, 5%, 4- CONV BD 602683aa2 2165 2300000 PRN SOLE 2300000
NEORX CORP CONV BD 640520AA0 91 200000 PRN SOLE 200000
PCOM CONV. NOTES 4.25% DUE 11- CONV BD 693262aa5 261 500000 PRN SOLE 500000
PHYCOR INC CONV BD 71940FAB6 139 200000 PRN SOLE 200000
QUADRAMED CONV. BONDS, 5.25% 5 CONV BD 74730waa9 57 100000 PRN SOLE 100000
SEPRACOR INC - 144A CONV NOTES CONV BD 817315af1 1980 2000000 PRN SOLE 2000000
SPEEDWAY MOTORSPORTS INC CONV BD 847788AA4 710 500000 PRN SOLE 500000
TELEFONOS DE MEXICO 4.25% 6/15 CONV BD 879403ad5 260 250000 PRN SOLE 250000
VENTRITEX INC CONV BD 922814AA6 164 150000 PRN SOLE 150000
WHOLE FOODS CONV. BONDS 0%, 3- CONV BD 966837aa4 286 800000 PRN SOLE 800000
ROBERTSON STEPHENS CONTRARIAN MUT FD 770648301 99 10882.321SH SOLE 10882.321
</TABLE>
