UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 May 15, 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: 193
Form 13F Information Table Value Total: $2,050,479,000.00
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 54 96900 SH DEFINED 96900
SICOR INC. PFD PFD CV 825846306 350 10000 SH DEFINED 10000
A T & T CORP COM LIBERTY MEDIA COM 001957208 7497 126400 SH DEFINED 126400
A T & T CORP. COM 001957109 297 5266 SH DEFINED 5266
AARON RENTS INC CL A COM 002535300 5018 293000 SH DEFINED 293000
AARON RENTS INC COM COM 002535201 16237 1078000 SH DEFINED 1078000
ADELPHIA COMMUNICATION CL A COM 006848105 2082 42500 SH DEFINED 42500
AIR PRODS & CHEMS INC COM COM 009158106 428 15064 SH DEFINED 15064
ALBANY INTERNATIONAL COR COM 012348108 529 35700 SH DEFINED 35700
ALBERTO CULVER CO. CLASS A COM 013068200 26044 1190600 SH DEFINED 1190600
ALLEGHENY TECHNOLOGIES COM COM 01741R102 12664 631250 SH DEFINED 631250
AMERICAN HOME PRODUCTS COM 026609107 21836 406250 SH DEFINED 406250
AMERICAN INTL GROUP COM COM 026874107 249 2272 SH DEFINED 2272
AMETEK INC NEW COM COM 031100100 4464 231872 SH DEFINED 231872
ANDREW CORP COM COM 034425108 15203 664600 SH DEFINED 664600
ANNALY MTG MGMT INC COM COM 035710409 103 11500 SH DEFINED 11500
APOGEE ENTERPRISES INC COM COM 037598109 3046 767500 SH DEFINED 767500
APPLIED MATLS INC COM COM 038222105 1544 16384 SH DEFINED 16384
APTARGROUP INC COM COM 038336103 395 14800 SH DEFINED 14800
ATCHISON CASTING CORP COM COM 046613105 506 73000 SH DEFINED 73000
B I INCORPORATED COM NEW COM 055467203 535 72500 SH DEFINED 72500
BACOU USA INC COM COM 056439102 2197 140600 SH DEFINED 140600
BALL CORP COM COM 058498106 32907 952100 SH DEFINED 952100
BALTEK CORP. COM 058822107 89 12200 SH DEFINED 12200
BANK NEW YORK INC COM COM 064057102 233 5611 SH DEFINED 5611
BANTA CORP COM COM 066821109 799 43500 SH DEFINED 43500
BECTON,DICKINSON & CO. COM 075887109 526 20000 SH DEFINED 20000
BELL & HOWELL HLDG INC COM COM 077852101 3672 117500 SH DEFINED 117500
BENTON OIL & GAS CO COM COM 083288100 173 60300 SH DEFINED 60300
BERKSHIRE HATHAWAY INC CL B COM 084670207 1128 620 SH DEFINED 620
BERKSHIRE HATHAWAY INC DEL COM 084670108 572 10 SH DEFINED 10
BF ENTERPRISES INC COM 055387104 123 12600 SH DEFINED 12600
BLYTH INDS INC COM COM 09643p108 47557 1741200 SH DEFINED 1741200
BMC INDUSTRIES, INC. COM 055607105 136 24000 SH DEFINED 24000
BOSTON BEER INC CL A COM 100557107 145 19376 SH DEFINED 19376
BOSTON SCIENTIFIC CORP COM COM 101137107 35319 1657200 SH DEFINED 1657200
BP AMOCO P L C SPONSORED ADR COM 055622104 473 8890 SH DEFINED 8890
BURLINGTON COAT FACTRY COM COM 121579106 15383 895000 SH DEFINED 895000
BURLINGTON INDS INC COM COM 121693105 22868 5226900 SH DEFINED 5226900
BUSH INDS INC CL A COM 123164105 21744 1567150 SH DEFINED 1567150
CABOT CORP COM COM 127055101 22087 724165 SH DEFINED 724165
CALGON CARBON CORP COM COM 129603106 1262 192300 SH DEFINED 192300
CAMBRIDGE BANCORP COM COM 132152109 209 2900 SH DEFINED 2900
CAPITAL ONE FINL CORP COM COM 14040H105 5479 114300 SH DEFINED 114300
CARLISLE COS INC COM COM 142339100 20012 500300 SH DEFINED 500300
CBRL GROUP INC COM COM 12489v106 4660 466000 SH DEFINED 466000
CENTRAL NEWSPAPERS INC CL A COM 154647101 20007 598350 SH DEFINED 598350
CERIDIAN CORP COM COM 15677T106 28405 1480400 SH DEFINED 1480400
CHAMPION ENTERPRISES COM COM 158496109 80 14000 SH DEFINED 14000
CHARTER COMMUNCTNS DEL CL A COM 16117m107 7378 514900 SH DEFINED 514900
CISCO SYS INC COM COM 17275R102 464 6000 SH DEFINED 6000
CK WITCO CORPORATION COM 12562C108 2303 226100 SH DEFINED 226100
CLAIRES STORES INC COM COM 179584107 21017 1047600 SH DEFINED 1047600
CLARCOR INC COM COM 179895107 9603 541000 SH DEFINED 541000
COCA COLA CO COM COM 191216100 498 10602 SH DEFINED 10602
COMMERCIAL METALS CO COM COM 201723103 2884 104400 SH DEFINED 104400
CORNING INC. COM 219350105 2522 13000 SH DEFINED 13000
COULTER PHARMACEUTICAL COM COM 222116105 244 8000 SH DEFINED 8000
CUNO INC COM COM 126583103 203 7500 SH DEFINED 7500
CVS CORP COM COM 126650100 51663 1375386 SH DEFINED 1375386
DANIELSON HLDG CORP COM COM 236274106 143 22500 SH DEFINED 22500
DECKERS OUTDOOR CORP COM COM 243537107 40 10000 SH DEFINED 10000
DELHAIZE AMER INC CL B COM 246688204 384 19333 SH DEFINED 19333
DELTA WOODSIDE INDUSTRIES COM 247909104 5035 2983700 SH DEFINED 2983700
DELUXE CORPORATION COM 248019101 7452 281200 SH DEFINED 281200
DENDRITE INTL INC COM COM 248239105 1268 60554 SH DEFINED 60554
DENTSPLY INTL INC NEW COM COM 249030107 9480 334100 SH DEFINED 334100
DEPARTMENT 56 INC COM COM 249509100 23331 1575100 SH DEFINED 1575100
DEVRY INC DEL COM COM 251893103 7594 249000 SH DEFINED 249000
DONNKENNY INC DEL COM COM 258006105 64 85000 SH DEFINED 85000
DUPONT E.I. DE NEMOURS CO COM 263534109 295 5573 SH DEFINED 5573
EDUCATION MGMT CORP COM COM 28139T101 2079 144000 SH DEFINED 144000
ELCOR CORP COM COM 284443108 6226 180450 SH DEFINED 180450
ELECTRONIC DATA SYS NW COM COM 285661104 1123 17500 SH DEFINED 17500
ENGELHARD CORP COM COM 292845104 4701 310800 SH DEFINED 310800
EXXON MOBIL CORP COM COM 30231G102 1987 25500 SH DEFINED 25500
FAIRFIELD CMNTYS INC COM PAR $ COM 304231301 26958 3396300 SH DEFINED 3396300
FEDERAL SIGNAL CORP COM COM 313855108 7653 423700 SH DEFINED 423700
FIRST DATA CORP COM COM 319963104 2973 67000 SH DEFINED 67000
FIRST UN CORP COM COM 337358105 1364 36610 SH DEFINED 36610
FLOWSERVE CORPORATION COM 34354P105 30601 2376789 SH DEFINED 2376789
FOREST OIL CORP COM NEW COM 346091606 2257 212400 SH DEFINED 212400
GARTNER GROUP INC NEW CL B COM 366651206 288 21603 SH DEFINED 21603
GARTNER GROUP INC NEW COM COM 366651107 29114 1848500 SH DEFINED 1848500
GATX CORP COM COM 361448103 521 13700 SH DEFINED 13700
GENCORP INC COM COM 368682100 13678 1764900 SH DEFINED 1764900
GENERAL ELECTRIC CORP. COM 369604103 661 4246 SH DEFINED 4246
GERBER SCIENTIFIC INC COM COM 373730100 8304 430000 SH DEFINED 430000
GOODRICH B F CO COM COM 382388106 503 17550 SH DEFINED 17550
GRIFFON CORP COM COM 398433102 18758 2401000 SH DEFINED 2401000
HARLAND JOHN H CO COM COM 412693103 1723 127600 SH DEFINED 127600
HARMAN INTL INDS INC COM COM 413086109 61452 1024200 SH DEFINED 1024200
HARSCO CORPORATION COM 415864107 18552 641100 SH DEFINED 641100
HARTE-HANKS INC COM COM 416196103 27910 1230206 SH DEFINED 1230206
HASBRO, INC. COM 418056107 501 30000 SH DEFINED 30000
HIGHLANDS INS GROUP COM COM 431032101 388 45000 SH DEFINED 45000
HOME DEPOT INC COM COM 437076102 928 14394 SH DEFINED 14394
HOUGHTON-MIFFLIN CO. COM 441560109 764 18000 SH DEFINED 18000
HUFFY CORP COM COM 444356109 3708 847600 SH DEFINED 847600
HUSSMANN INTL INC COM COM 448110106 5026 396100 SH DEFINED 396100
IBM CORP. COM 459200101 517 4383 SH DEFINED 4383
IFR SYSTEMS INC. COM 449507102 276 45000 SH DEFINED 45000
IMS HEALTH INC COM COM 449934108 26901 1588250 SH DEFINED 1588250
INTERNATIONAL FLAV&FRA COM COM 459506101 15571 444100 SH DEFINED 444100
INTERNATIONAL MULTIFOODS COR COM 460043102 2299 171900 SH DEFINED 171900
INTERNATIONAL SPECIALTY PROD COM 460337108 12891 2002500 SH DEFINED 2002500
ITT EDUCATIONAL SVCS COM COM 45068B109 22413 1400800 SH DEFINED 1400800
JLG INDS INC COM COM 466210101 1553 169000 SH DEFINED 169000
JLK DIRECT DISTRIBUTN CL A COM 46621C105 1824 199900 SH DEFINED 199900
JONES APPAREL GROUP COM COM 480074103 21160 669101 SH DEFINED 669101
JUSTIN INDS INC COM COM 482171105 12388 688200 SH DEFINED 688200
KAMAN CORP CL A COM 483548103 2840 291300 SH DEFINED 291300
KAYDON CORP COM COM 486587108 9682 354500 SH DEFINED 354500
KELLOG CO COM 487836108 298 11560 SH DEFINED 11560
KENNAMETAL INC COM COM 489170100 48963 1628700 SH DEFINED 1628700
KIMCO REALTY CORP. COM 49446R109 5610 149592 SH DEFINED 149592
LANCASTER COLONY CORP COM COM 513847103 45303 1482300 SH DEFINED 1482300
LASALLE RE HLDGS LTD ORD COM g5383q101 3495 251900 SH DEFINED 251900
LESCO INC OHIO COM COM 526872106 2043 121500 SH DEFINED 121500
MARSHALL & ILSLEY CORP COM COM 571834100 1155 20000 SH DEFINED 20000
MBIA INC. COM 55262C100 29108 559100 SH DEFINED 559100
MBNA CORP COM COM 55262L100 47665 1869233 SH DEFINED 1869233
MCDONALDS CORP COM COM 580135101 1582 42338 SH DEFINED 42338
MEREDITH CORP. COM 589433101 277 10000 SH DEFINED 10000
MIKASA INC COM COM 59862T109 217 29200 SH DEFINED 29200
MINERALS TECHNOLOGIES INC. COM 603158106 34941 784100 SH DEFINED 784100
MODIS PROFESSIONAL SVC COM COM 607830106 23016 1859900 SH DEFINED 1859900
MOLEX INC CL A COM 608554200 32452 731323 SH DEFINED 731323
MOORE CORP. LTD COM 615785102 1045 278800 SH DEFINED 278800
MOTOROLA INC COM COM 620076109 380 2600 SH DEFINED 2600
MSC INDL DIRECT INC CL A COM 553530106 53546 2974800 SH DEFINED 2974800
MUELLER INDS INC COM COM 624756102 24914 820200 SH DEFINED 820200
MUTUAL RISK MGMT LTD COM COM 628351108 45239 2261958 SH DEFINED 2261958
NEW YORK TIMES CO CL A COM 650111107 1139 26526 SH DEFINED 26526
NTL INC COM COM 629407107 2683 28906 SH DEFINED 28906
OEA INC. COM 670826106 3787 393500 SH DEFINED 393500
OGDEN CORP COM COM 676346109 24877 2083900 SH DEFINED 2083900
OMNOVA SOLUTIONS INC COM COM 682129101 13786 2450900 SH DEFINED 2450900
P.H. GLATFELTER CO. COM 377316104 3275 308200 SH DEFINED 308200
PAXAR CORP COM COM 704227107 21842 2269300 SH DEFINED 2269300
PENTON MEDIA INC COM COM 709668107 364 14000 SH DEFINED 14000
PFIZER, INC. COM 717081103 338 9242 SH DEFINED 9242
PITNEY BOWES INC COM COM 724479100 1569 35120 SH DEFINED 35120
POLICY MGMT SYS CORP COM COM 731108106 8686 723800 SH DEFINED 723800
QUEST DIAGNOSTICS INC COM COM 74834L100 4170 104900 SH DEFINED 104900
RAMCO-GERSHENSON PPTYS COM SH COM 751452202 701 49210 SH DEFINED 49210
RAYOVAC CORP COM COM 755081106 22532 969100 SH DEFINED 969100
RAYTHEON CO CL A COM 755111309 1110 59022 SH DEFINED 59022
REXALL SUNDOWN INC COM COM 761648104 23931 1694200 SH DEFINED 1694200
REYNOLDS & REYNOLDS CO CL A COM 761695105 62140 2301500 SH DEFINED 2301500
RISK CAP HLDGS INC COM COM 767711104 388 23700 SH DEFINED 23700
ROPER INDS INC NEW COM COM 776696106 7884 232300 SH DEFINED 232300
RYDER SYS INC COM COM 783549108 318 14000 SH DEFINED 14000
SALIENT 3 COMMUNICATNS CL A COM 794721100 4768 397337 SH DEFINED 397337
SARA LEE CORP. COM 803111103 578 32108 SH DEFINED 32108
SCHLUMBERGER LTD COM COM 806857108 1339 17500 SH DEFINED 17500
SCOTT TECHNOLOGIES INC COM COM 810022301 19813 1049700 SH DEFINED 1049700
SENSORMATIC ELECTRS CP COM COM 817265101 5865 261400 SH DEFINED 261400
SERVICEMASTER LTD PART PUB PAR COM 81760N109 2598 230893 SH DEFINED 230893
SHAW INDS INC COM COM 820286102 31426 2069200 SH DEFINED 2069200
SIGMA ALDRICH CORP COM COM 826552101 3776 140500 SH DEFINED 140500
SILICON VY BANCSHARES COM COM 827064106 91980 1279720 SH DEFINED 1279720
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 497 7528 SH DEFINED 7528
SOUTHERN UN CO NEW COM COM 844030106 208 11510 SH DEFINED 11510
SPECIAL METALS CORP COM COM 84741Y103 55 18000 SH DEFINED 18000
ST JUDE MED INC COM COM 790849103 645 25000 SH DEFINED 25000
STATE ST BOSTON CORP COM COM 857477103 37160 383591 SH DEFINED 383591
STERIS CORP COM COM 859152100 6979 680900 SH DEFINED 680900
SUNGARD DATA SYS INC COM COM 867363103 3850 102000 SH DEFINED 102000
SUNGLASS HUT INTL INC COM COM 86736F106 24864 3182600 SH DEFINED 3182600
TELEFLEX, INC. COM 879369106 14334 405200 SH DEFINED 405200
THERMO ELECTRON CORP COM COM 883556102 7667 376300 SH DEFINED 376300
TRANSACTION SYS ARCHIT CL A COM 893416107 32256 1117100 SH DEFINED 1117100
TRANSOCEAN SEDCO FOREX ORD COM G90078109 379 7387 SH DEFINED 7387
TRAVELERS PPTY CAS CL A COM 893939108 276 6700 SH DEFINED 6700
TRENWICK GROUP INC COM COM 895290104 14119 999594 SH DEFINED 999594
UNIVERSAL FOODS CORP. WISC. COM 913538104 46931 2195600 SH DEFINED 2195600
UNOVA INC COM COM 91529B106 29857 2211600 SH DEFINED 2211600
UNUMPROVIDENT CORP COM COM 91529Y106 669 39500 SH DEFINED 39500
VARIAN INC COM COM 922206107 1830 47700 SH DEFINED 47700
VARIAN MED SYS INC COM COM 92220P105 1369 30000 SH DEFINED 30000
VARIAN SEMICONDUCTOR COM COM 922207105 1909 30000 SH DEFINED 30000
VODAFONE AIRTOUCH PLC SPONSORE COM 92857T107 1250 22500 SH DEFINED 22500
WABTEC CORP COM COM 929740108 5318 500490 SH DEFINED 500490
WAL MART STORES INC COM COM 931142103 1963 34750 SH DEFINED 34750
WALTER INDS INC COM COM 93317Q105 11448 1477100 SH DEFINED 1477100
WARNER LAMBERT CO COM COM 934488107 750 7680 SH DEFINED 7680
WATER PIK TECHNOLOGIES COM COM 94113U100 1155 159290 SH DEFINED 159290
WESTERN RES INC COM COM 959425109 206 13000 SH DEFINED 13000
XTRA CORP COM COM 984138107 3967 104400 SH DEFINED 104400
YELLOW CORP COM COM 985509108 7753 420500 SH DEFINED 420500
YORK INTL CORP NEW COM COM 986670107 48351 2068500 SH DEFINED 2068500
YOUNG & RUBICAM INC COM COM 987425105 1339 28500 SH DEFINED 28500
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