UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
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: Reich & Tang Asset Management L.P.
Address: 600 Fifth Avenue
8th Floor
New York, NY 10020
13F File Number: 28-4818
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: Lorraine C. Hysler
Title: Secretary
Phone: 212-830-5200
Signature, Place, and Date of Signing:
Lorraine C. Hysler New York, New York August 11, 2000
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
/s/ Lorraine C. Hysler
----------------------
Lorraine C. Hysler
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 182
Form 13F Information Table Value Total: $2,083,317,000.00
List of Other Included Managers:
No. 13F File Number Name
--- --------------- ----
01 28-5952 Metlife New England Holdings, Inc.
02 28-3714 Metropolitan Life Insurance Company
03 28-1447 Nvest L.P.
<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>
O SULLIVAN INDUSTRIES PFD SR 1 67104Q205 48 96900 SH DEFINED 96900
SICOR INC. PFD PFD CV 825846306 290 10000 SH DEFINED 10000
A T & T CORP COM LIBERTY MEDIA COM 001957208 17002 701100 SH DEFINED 701100
AARON RENTS INC CL A COM 002535300 4498 287900 SH DEFINED 287900
AARON RENTS INC COM COM 002535201 17150 1365200 SH DEFINED 1365200
ADELPHIA COMMUNICATION CL A COM 006848105 1992 42500 SH DEFINED 42500
AIR PRODS & CHEMS INC COM COM 009158106 464 15064 SH DEFINED 15064
ALBANY INTERNATIONAL COR COM 012348108 442 30500 SH DEFINED 30500
ALBERTO CULVER CO. CLASS A COM 013068200 33135 1262300 SH DEFINED 1262300
ALLEGHENY TECHNOLOGIES COM COM 01741R102 10465 581400 SH DEFINED 581400
AMERICAN HOME PRODUCTS COM 026609107 975 16600 SH DEFINED 16600
AMETEK INC NEW COM COM 031100100 3710 211972 SH DEFINED 211972
AMPHENOL CORP NEW CL A COM 032095101 45329 684850 SH DEFINED 684850
ANDREW CORP COM COM 034425108 24517 730500 SH DEFINED 730500
ANNALY MTG MGMT INC COM COM 035710409 102 11500 SH DEFINED 11500
APOGEE ENTERPRISES INC COM COM 037598109 1492 422500 SH DEFINED 422500
APPLIED MATLS INC COM COM 038222105 1485 16384 SH DEFINED 16384
APRIA HEALTHCARE GROUP COM COM 037933108 147 12000 SH DEFINED 12000
APTARGROUP INC COM COM 038336103 400 14800 SH DEFINED 14800
ATCHISON CASTING CORP COM COM 046613105 420 73000 SH DEFINED 73000
B I INCORPORATED COM NEW COM 055467203 363 67500 SH DEFINED 67500
BACOU USA INC COM COM 056439102 2094 104700 SH DEFINED 104700
BALL CORP COM COM 058498106 31151 967800 SH DEFINED 967800
BALTEK CORP. COM 058822107 87 12200 SH DEFINED 12200
BANK NEW YORK INC COM COM 064057102 261 5611 SH DEFINED 5611
BANTA CORP COM COM 066821109 1449 76500 SH DEFINED 76500
BECTON,DICKINSON & CO. COM 075887109 717 25000 SH DEFINED 25000
BELL & HOWELL HLDG INC COM COM 077852101 12549 517500 SH DEFINED 517500
BENTON OIL & GAS CO COM COM 083288100 166 60300 SH DEFINED 60300
BERKSHIRE HATHAWAY INC CL B COM 084670207 1232 700 SH DEFINED 700
BERKSHIRE HATHAWAY INC DEL COM 084670108 538 10 SH DEFINED 10
BLYTH INC COM COM 09643P108 51209 1735900 SH DEFINED 1735900
BMC INDUSTRIES, INC. COM 055607105 97 24000 SH DEFINED 24000
BOSTON BEER INC CL A COM 100557107 166 19376 SH DEFINED 19376
BOSTON SCIENTIFIC CORP COM COM 101137107 46183 2105200 SH DEFINED 2105200
BP AMOCO P L C SPONSORED ADR COM 055622104 604 10684 SH DEFINED 10684
BRADY CORP CL A COM 104674106 244 7500 SH DEFINED 7500
BURLINGTON COAT FACTRY COM COM 121579106 9483 877000 SH DEFINED 877000
BURLINGTON INDS INC COM COM 121693105 8931 5292600 SH DEFINED 5292600
BUSH INDS INC CL A COM 123164105 24441 1527550 SH DEFINED 1527550
CABOT CORP COM COM 127055101 23641 867565 SH DEFINED 867565
CALGON CARBON CORP COM COM 129603106 1490 192300 SH DEFINED 192300
CAMBRIDGE BANCORP COM COM 132152109 216 2900 SH DEFINED 2900
CAPITAL ONE FINL CORP COM COM 14040H105 5101 114300 SH DEFINED 114300
CARLISLE COS INC COM COM 142339100 22824 507200 SH DEFINED 507200
CBRL GROUP INC COM COM 12489v106 7333 499300 SH DEFINED 499300
CENTRAL NEWSPAPERS INC CL A COM 154647101 35221 556850 SH DEFINED 556850
CERIDIAN CORP COM COM 15677T106 35646 1481400 SH DEFINED 1481400
CHARTER COMMUNCTNS DEL CL A COM 16117m107 21972 1336700 SH DEFINED 1336700
CISCO SYS INC COM COM 17275R102 400 6300 SH DEFINED 6300
CLAIRES STORES INC COM COM 179584107 26084 1355000 SH DEFINED 1355000
CLARCOR INC COM COM 179895107 11686 588000 SH DEFINED 588000
COCA COLA CO COM COM 191216100 609 10602 SH DEFINED 10602
COMMERCIAL METALS CO COM COM 201723103 3776 137300 SH DEFINED 137300
CORNING INC. COM 219350105 3508 13000 SH DEFINED 13000
CROMPTON CORP COM COM 227116100 2278 186000 SH DEFINED 186000
CVS CORP COM COM 126650100 37535 938386 SH DEFINED 938386
DANIELSON HLDG CORP COM COM 236274106 110 22500 SH DEFINED 22500
DECKERS OUTDOOR CORP COM COM 243537107 31 10000 SH DEFINED 10000
DELHAIZE AMER INC CL A COM 246688105 301 17000 SH DEFINED 17000
DELTA WOODSIDE IND NEW COM COM 247909104 6148 2893000 SH DEFINED 2893000
DELUXE CORPORATION COM 248019101 5662 240300 SH DEFINED 240300
DENDRITE INTL INC COM COM 248239105 28825 865304 SH DEFINED 865304
DENTSPLY INTL INC NEW COM COM 249030107 16420 532900 SH DEFINED 532900
DEPARTMENT 56 INC COM COM 249509100 7742 703800 SH DEFINED 703800
DEVRY INC DEL COM COM 251893103 5607 212100 SH DEFINED 212100
DONNKENNY INC COM COM 258006204 16 21250 SH DEFINED 21250
DUPONT E.I. DE NEMOURS CO COM 263534109 244 5573 SH DEFINED 5573
EDUCATION MGMT CORP COM COM 28139T101 2438 135000 SH DEFINED 135000
ELCOR CORP COM COM 284443108 10920 474800 SH DEFINED 474800
EMERSON ELEC CO COM COM 291011104 580 9600 SH DEFINED 9600
ENGELHARD CORP COM COM 292845104 4392 257400 SH DEFINED 257400
EXXON MOBIL CORP COM COM 30231G102 2002 25500 SH DEFINED 25500
FAIRFIELD CMNTYS INC COM PAR $ COM 304231301 32318 4103900 SH DEFINED 4103900
FEDERAL SIGNAL CORP COM COM 313855108 12014 728100 SH DEFINED 728100
FIRST UN CORP COM COM 337358105 908 36610 SH DEFINED 36610
FLOWSERVE CORPORATION COM 34354P105 36831 2445190 SH DEFINED 2445190
FOREST OIL CORP COM NEW COM 346091606 2303 144500 SH DEFINED 144500
FURNITURE BRANDS INTL COM COM 360921100 1195 79000 SH DEFINED 79000
GARTNER GROUP INC NEW CL B COM 366651206 209 21213 SH DEFINED 21213
GARTNER GROUP INC NEW COM COM 366651107 32837 2736400 SH DEFINED 2736400
GATX CORP COM COM 361448103 435 12800 SH DEFINED 12800
GENCORP INC COM COM 368682100 13696 1712000 SH DEFINED 1712000
GENERAL ELECTRIC CORP. COM 369604103 548 10338 SH DEFINED 10338
GEON CO COM COM 37246w105 573 31000 SH DEFINED 31000
GERBER SCIENTIFIC INC COM COM 373730100 7026 611000 SH DEFINED 611000
GOODRICH B F CO COM COM 382388106 445 13050 SH DEFINED 13050
GRIFFON CORP COM COM 398433102 12986 2334500 SH DEFINED 2334500
HANNA M A CO COM COM 410522106 1386 154000 SH DEFINED 154000
HARLAND JOHN H CO COM COM 412693103 1894 126800 SH DEFINED 126800
HARMAN INTL INDS INC COM COM 413086109 60006 983700 SH DEFINED 983700
HARSCO CORPORATION COM 415864107 16157 633600 SH DEFINED 633600
HARTE-HANKS INC COM COM 416196103 36099 1443970 SH DEFINED 1443970
HASBRO, INC. COM 418056107 452 30000 SH DEFINED 30000
HIGHLANDS INS GROUP COM COM 431032101 422 45000 SH DEFINED 45000
HOME DEPOT INC COM COM 437076102 225 4500 SH DEFINED 4500
HORMEL FOODS CORP COM COM 440452100 202 12000 SH DEFINED 12000
HOUGHTON-MIFFLIN CO. COM 441560109 840 18000 SH DEFINED 18000
HUFFY CORP COM COM 444356109 4882 1132000 SH DEFINED 1132000
IBM CORP. COM 459200101 469 4281 SH DEFINED 4281
IFR SYSTEMS INC. COM 449507102 225 45000 SH DEFINED 45000
IMS HEALTH INC COM COM 449934108 41243 2291300 SH DEFINED 2291300
INTERNATIONAL FLAV&FRA COM COM 459506101 483 16000 SH DEFINED 16000
INTERNATIONAL MULTIFOODS COR COM 460043102 2342 135300 SH DEFINED 135300
INTERNATIONAL SPECIALTY PROD COM 460337108 7696 1353200 SH DEFINED 1353200
ITT EDUCATIONAL SVCS COM COM 45068B109 24953 1420800 SH DEFINED 1420800
JLK DIRECT DISTRIBUTN CL A COM 46621C105 2102 410100 SH DEFINED 410100
JONES APPAREL GROUP COM COM 480074103 18034 767400 SH DEFINED 767400
KAYDON CORP COM COM 486587108 8830 420500 SH DEFINED 420500
KELLOG CO COM 487836108 344 11560 SH DEFINED 11560
KENNAMETAL INC COM COM 489170100 45055 2101700 SH DEFINED 2101700
KIMCO REALTY CORP. COM 49446R109 5967 145542 SH DEFINED 145542
LANCASTER COLONY CORP COM COM 513847103 25198 1292200 SH DEFINED 1292200
LASALLE RE HLDGS LTD ORD COM g5383q101 5113 360400 SH DEFINED 360400
LESCO INC OHIO COM COM 526872106 1845 121500 SH DEFINED 121500
LINCARE HLDGS INC COM COM 532791100 8779 356500 SH DEFINED 356500
MACDERMID INC COM COM 554273102 270 11500 SH DEFINED 11500
MARSHALL & ILSLEY CORP COM COM 571834100 934 22500 SH DEFINED 22500
MBIA INC. COM 55262C100 24113 500400 SH DEFINED 500400
MBNA CORP COM COM 55262L100 49592 1828290 SH DEFINED 1828290
MCDONALDS CORP COM COM 580135101 1370 41588 SH DEFINED 41588
MIKASA INC COM COM 59862T109 321 29200 SH DEFINED 29200
MINERALS TECHNOLOGIES INC. COM 603158106 38714 841600 SH DEFINED 841600
MODIS PROFESSIONAL SVC COM COM 607830106 23062 3024500 SH DEFINED 3024500
MOLEX INC CL A COM 608554200 33500 957139 SH DEFINED 957139
MOORE CORP. LTD COM 615785102 2202 838800 SH DEFINED 838800
MSC INDL DIRECT INC CL A COM 553530106 47641 2275400 SH DEFINED 2275400
MUELLER INDS INC COM COM 624756102 28221 1007900 SH DEFINED 1007900
MUTUAL RISK MGMT LTD COM COM 628351108 39749 2295992 SH DEFINED 2295992
NEIMAN MARCUS GROUP CL A COM 640204202 370 12500 SH DEFINED 12500
NEW YORK TIMES CO CL A COM 650111107 850 21526 SH DEFINED 21526
NORDSON CORP COM 655663102 1595 31500 SH DEFINED 31500
NTL INC COM COM 629407107 1544 25781 SH DEFINED 25781
OGDEN CORP COM COM 676346109 27886 3098400 SH DEFINED 3098400
OMNOVA SOLUTIONS INC COM COM 682129101 14931 2388900 SH DEFINED 2388900
PAXAR CORP COM COM 704227107 25196 2110700 SH DEFINED 2110700
PFIZER, INC. COM 717081103 1246 25952 SH DEFINED 25952
PITNEY BOWES INC COM COM 724479100 1805 45120 SH DEFINED 45120
PROFIT RECOVERY GROUP COM COM 743168106 14888 895500 SH DEFINED 895500
RAMCO-GERSHENSON PPTYS COM SH COM 751452202 759 48960 SH DEFINED 48960
RAYOVAC CORP COM COM 755081106 17589 786100 SH DEFINED 786100
RAYTHEON CO CL A COM 755111309 1147 59022 SH DEFINED 59022
REYNOLDS & REYNOLDS CO CL A COM 761695105 52693 2887300 SH DEFINED 2887300
ROPER INDS INC NEW COM COM 776696106 5081 198300 SH DEFINED 198300
RYDER SYS INC COM COM 783549108 220 11600 SH DEFINED 11600
SALIENT 3 COMMUNICATNS CL A COM 794721100 2540 210600 SH DEFINED 210600
SARA LEE CORP. COM 803111103 218 11280 SH DEFINED 11280
SCHLUMBERGER LTD COM COM 806857108 1306 17500 SH DEFINED 17500
SCOTT TECHNOLOGIES INC COM COM 810022301 18047 1050000 SH DEFINED 1050000
SENSORMATIC ELECTRS CP COM COM 817265101 16262 1028400 SH DEFINED 1028400
SERVICEMASTER LTD PART PUB PAR COM 81760N109 2501 219893 SH DEFINED 219893
SHAW INDS INC COM COM 820286102 27845 2227600 SH DEFINED 2227600
SILICON VY BANCSHARES COM COM 827064106 111752 2621740 SH DEFINED 2621740
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 491 7528 SH DEFINED 7528
SOUTHERN UN CO NEW COM COM 844030106 191 12085 SH DEFINED 12085
SPECIAL METALS CORP COM COM 84741Y103 47 18000 SH DEFINED 18000
ST JUDE MED INC COM COM 790849103 917 20000 SH DEFINED 20000
STATE ST BOSTON CORP COM COM 857477103 28017 264152 SH DEFINED 264152
STERIS CORP COM COM 859152100 4725 532400 SH DEFINED 532400
SUNGARD DATA SYS INC COM COM 867363103 4681 151000 SH DEFINED 151000
SUNGLASS HUT INTL INC COM COM 86736F106 28775 3501200 SH DEFINED 3501200
TELEFLEX, INC. COM 879369106 12577 351800 SH DEFINED 351800
THERMO ELECTRON CORP COM COM 883556102 11959 567800 SH DEFINED 567800
TRANSACTION SYS ARCHIT CL A COM 893416107 8593 501800 SH DEFINED 501800
TRENWICK GROUP INC COM COM 895290104 13677 939171 SH DEFINED 939171
UNISYS CORP COM COM 909214108 291 20000 SH DEFINED 20000
UNIVERSAL FOODS CORP. WISC. COM 913538104 46130 2493500 SH DEFINED 2493500
UNOVA INC COM COM 91529B106 17845 2440300 SH DEFINED 2440300
UNUMPROVIDENT CORP COM COM 91529Y106 903 45000 SH DEFINED 45000
VARIAN INC COM COM 922206107 1204 26100 SH DEFINED 26100
VARIAN MED SYS INC COM COM 92220P105 1174 30000 SH DEFINED 30000
VARIAN SEMICONDUCTOR COM COM 922207105 1884 30000 SH DEFINED 30000
VIAD CORP COM COM 92552r109 12298 451300 SH DEFINED 451300
WABTEC CORP COM COM 929740108 3445 332068 SH DEFINED 332068
WAL MART STORES INC COM COM 931142103 2002 34750 SH DEFINED 34750
WALTER INDS INC COM COM 93317Q105 16508 1443300 SH DEFINED 1443300
WATER PIK TECHNOLOGIES COM COM 94113U100 971 155390 SH DEFINED 155390
WESTERN RES INC COM COM 959425109 170 11000 SH DEFINED 11000
XTRA CORP COM COM 984138107 3380 85700 SH DEFINED 85700
YELLOW CORP COM COM 985509108 6298 427000 SH DEFINED 427000
YORK INTL CORP NEW COM COM 986670107 52103 2063500 SH DEFINED 2063500
YOUNG & RUBICAM INC COM COM 987425105 1744 30500 SH DEFINED 30500
</TABLE>
