UNITED STATES SECURTIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL MANGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934
AND RULES THEREUNDER
JMG CAPITAL MANGEMENT LLC
1999 AVENUE OF THE STARS, SUITE 2530
LOS ANGELES, CA 90067
JONATHAN GLASER, 310-201-2619
MANAGING MEMBER
THE INSTITUTIONAL INVESTMENT MANAGER SUBMITTING THIS FORM
AND ITS ATTACHMENTS AND THE PERSON BY WHOM IT IS SIGNED
REPRESENT HERBY THAT ALL INFORMATION CONTAINTED THERON IS
TRUE, CORRECT AND COMPLETE. IT IS UNDERSTOOD THAT ALL REQUIRED
ITEMS, STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGERAL PARTS OF
THIS FORM AND THAT THE SUBMISSION BY ANY AMENDMENT REPRESENTS THAT
UNAMENDED ITEMS, STATEMNTS AND SCHEDULES REMAIN TRUE, CORRECT
AND COMPLETE AS PREVIOUSLY SUBMITTED.
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS
REPORT TO BE SIGNED ON ITS BEHALF IN THE CITY OF LOS ANGELES AND
STATE OF CALFORNIA ON MAY,11,1999.
JMG CAPITAL MANAGEMENT LLC
JONATHAN GLASER, MANAGING MEMBER
13F FILE NUMBER 28-6324
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASCUSIP (x$1000)PRN AMT PRN CALL DSCRETN MANAGE SOLE SHARED NONE
ALPHARMA INC 5.75% 4/1/05 BND CONV 020813AA9 5849 3867000 PRN SOLE 0 0 0
ALTERNATIVE LIVING 144 7% BND CONV 02145KAA6 488 436000 PRN SOLE 0 0 0
AMKOR TECHNOLOGIES 5.75% BND CONV 031652AA8 850 1000000 PRN SOLE 0 0 0
APPLE COMPUTER INC 6% BND CONV 037833AE0 10508 8146000 PRN SOLE 0 0 0
APPLE COMPUTER INC 6.0% 14 BND CONV 037833AC4 3870 3000000 PRN SOLE 0 0 0
APPLIED MAGNETICS 7% 3/06 BND CONV 038213AA2 760 2375000 PRN SOLE 0 0 0
ASIA PULP & PAPER (APP FIN BND CONV 00202NAA3 789 5263000 PRN SOLE 0 0 0
ASPEN TECHNOLOGY INC 5.25% BND CONV 045327AB9 660 1000000 PRN SOLE 0 0 0
ASSISTED LIVING 6% 11/01/0 BND CONV 04543LAD1 1677 2891000 PRN SOLE 0 0 0
AT HOME CORP 12/2018 BND CONV 045919AA5 1066 1001000 PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAC5 410 500000 PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAA9 820 1000000 PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AA8 435 500000 PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AC4 3480 4000000 PRN SOLE 0 0 0
BAAN CO NV 4.5% BND CONV 056072AB7 355 500000 PRN SOLE 0 0 0
BANK ATLANTIC BANCORP 5.62 BND CONV 065908AC9 398 500000 PRN SOLE 0 0 0
BANKATLANTIC BANCORP 6.75% BND CONV 065908AB1 1403 1250000 PRN SOLE 0 0 0
BBN CORP 6% 10/1/87 BND CONV 055283AA3 1098 1135000 PRN SOLE 0 0 0
BELL ATLANTIC FINL 4.25% BND CONV 07785GAC4 7101 6500000 PRN SOLE 0 0 0
BRADLEES STORES INC 9% BND CONV 104500AA1 385 500000 PRN SOLE 0 0 0
CAREMATRIX CORP 6.25% BND CONV 141706AC5 860 1000000 PRN SOLE 0 0 0
CINCINNATI FINL COR 5.5% 5 BND CONV 172062AB7 5941 2425000 PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 12/15/ BND CONV 172755AC4 838 1250000 PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 144 BND CONV 172755AA8 938 1400000 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AG3 590 1000000 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AF5 1525 2585000 PRN SOLE 0 0 0
COMVERSE TECHNOLOGY 5.75% BND CONV 205862AE5 945 500000 PRN SOLE 0 0 0
CONTINENTAL AIRLINES 6.75% BND CONV 210795AS9 5083 3979000 PRN SOLE 0 0 0
DANKA BUSINESS SYSTEMS PLC BND CONV 236277AB5 520 1000000 PRN SOLE 0 0 0
DATA GENERAL CORP 6% 5/15/ BND CONV 237688AG1 11450 14312500 PRN SOLE 0 0 0
EMC CORP SUB NT 3.25% 3/02 BND CONV 268648AC6 2822 500000 PRN SOLE 0 0 0
EMC CORP SUB NT 3.25% 3/02 BND CONV 26865YAA2 54823 9714000 PRN SOLE 0 0 0
FAMILY GOLF CENTER 5.75% BND CONV 30701AAA4 900 1500000 PRN SOLE 0 0 0
GILAT SATELLITE NETWORKS 6 BND CONV 375255AB2 6098 3960000 PRN SOLE 0 0 0
GLOBAL TELESYSTEM GROUP 5. BND CONV 37936UAE4 11493 9750000 PRN SOLE 0 0 0
HEXCEL CORP NEW 7% BND CONV 428291AA6 946 1120000 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/01/0 BND CONV 43738EAB4 2219 3125000 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/1/04 BND CONV 43738EAA6 1775 2500000 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY 6% BND CONV 448407AC0 2615 2375000 PRN SOLE 0 0 0
INACOM CORP 4.5% 11/04 BND CONV 45323GAC3 3227 3227000 PRN SOLE 0 0 0
INACOM CORP 6% 5/15/06 BND CONV 45323GAB5 3885 3885000 PRN SOLE 0 0 0
KTI INC 8.75% 8/15/04 BND CONV 482689AA4 773 750000 PRN SOLE 0 0 0
LOEWS CORP 3.125% BND CONV 540424AL2 2541 2981000 PRN SOLE 0 0 0
LSI LOGIC CORP 144a 4.25% BND CONV 502161AB8 599 500000 PRN SOLE 0 0 0
MAY & SPEH 5.25% BND CONV 577777AA3 8842 5949000 PRN SOLE 0 0 0
MEDIMMUNE INC 7% 7/1/03 BND CONV 584699AA0 2412 400000 PRN SOLE 0 0 0
MEDIMMUNE INC SUB 7% BND CONV 584699AC6 17336 2875000 PRN SOLE 0 0 0
METRICOM INC 8% 9/15/03 BND CONV 591596AC5 2119 3363000 PRN SOLE 0 0 0
MICRON TECHNOLOGIES 7% 7/1 BND CONV 595112AB9 6529 6145000 PRN SOLE 0 0 0
NEXSTAR PHARMACEUTICALS 6. BND CONV 65333BAC0 7499 6500000 PRN SOLE 0 0 0
PETSMART INC 144 6.75% 11/ BND CONV 716768AA4 4749 4250000 PRN SOLE 0 0 0
PETSMART INC 6.75% 11/1/20 BND CONV 716768AB2 1537 1375000 PRN SOLE 0 0 0
PIONEER FNCL 6.5% BND CONV 723672AE1 1984 1710000 PRN SOLE 0 0 0
PLATINUM TECH 6.75% BND CONV 72764TAA9 10009 5345000 PRN SOLE 0 0 0
RENT WAY INS 7% 2/1/07 BND CONV 76009UAB0 366 200000 PRN SOLE 0 0 0
SAFEGUARD SCIENT 144 1/06 BND CONV 786449AC2 5699 2467000 PRN SOLE 0 0 0
SIMULA INC 8% 5/1/04 BND CONV 829206AB7 1304 1590000 PRN SOLE 0 0 0
SPORTSLINE USA INC 5% BND CONV 848934AA3 683 750000 PRN SOLE 0 0 0
TELE COMMUNICATIONS INTL 4 BND CONV 87924HAA0 6664 5950000 PRN SOLE 0 0 0
TITAN CORP 8.25% BND CONV 888266AA1 6071 3994000 PRN SOLE 0 0 0
TOTAL RENAL CARE 7.00% 5/ BND CONV 89151AAA5 982 1300000 PRN SOLE 0 0 0
TRANS WORLD AIRLINES 12% BND CONV 893349BG4 4186 4550000 PRN SOLE 0 0 0
TRIARC COS INC BND CONV 89527AA9 563 2500000 PRN SOLE 0 0 0
VERITAS SOFTWARE 5.25% 11/ BND CONV 923436AB5 24551 11918000 PRN SOLE 0 0 0
WESTFED HOLDINGS INC MNT S BND CONV 960080AB5 213 250000 PRN SOLE 0 0 0
WHITTAKER CORP 7% 5/1/05 BND CONV 966680AG5 4620 3500000 PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAA9 1187 2120000 PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAC5 3917 6995000 PRN SOLE 0 0 0
AAMES FINANCIAL CORP 5.5% BND CONV 00253AAE1 2365 5913000 PRN SOLE 0 0 0
ACCLAIM ENTMT INC 10% 3/1/ BND CONV 004325AA4 4628 2550000 PRN SOLE 0 0 0
ADVANCED MICRO DEVICES 6% BND CONV 007903AC1 7354 10250000 PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/05 BND CONV 020813AA9 2647 1750000 PRN SOLE 0 0 0
AM HOME PROD APR 60 CALL CALL 0266099D1 449 765 SH CALL SOLE 0 0 0
AMERN EXPRESS JAN 140 CALL CALL 02581C9A6 540 600 SH CALL SOLE 0 0 0
AT&T CP-LIB APR 35 CALL CALL 0019579D3 434 250 SH CALL SOLE 0 0 0
CATERPILLAR JAN 55 CALL CALL 1491259A6 288 1000 SH CALL SOLE 0 0 0
CHASE MNHATN JAN 45 CALL CALL 16372D9A7 378 100 SH CALL SOLE 0 0 0
CITIGROUP SEP 70 CALL CALL 1729679I4 158 350 SH CALL SOLE 0 0 0
FORD MOTOR JUN 60 CALL CALL 3453709F9 103 472 SH CALL SOLE 0 0 0
FORE SYS INC JAN 20 CALL CALL 3449139A8 160 400 SH CALL SOLE 0 0 0
FREDDIE MAC JAN 60 CALL CALL 3129189A5 120 200 SH CALL SOLE 0 0 0
GENENTECH INC AUG 12-99 60 CALL 3687109G6 5239 1750 SH CALL SOLE 0 0 0
GILLETTE JAN 40 CALL CALL 3759099A8 1178 548 SH CALL SOLE 0 0 0
HEWLETT PACK JAN 55 CALL CALL 4279129A0 463 250 SH CALL SOLE 0 0 0
IBM JUL 200 CALL CALL 4592009G8 144 250 SH CALL SOLE 0 0 0
MCI WORLDCOM SEP 100 CALL CALL 55268B9I9 150 250 SH CALL SOLE 0 0 0
MERCK & CO JAN 80 CALL 00 CALL 5893339A3 383 378 SH CALL SOLE 0 0 0
MICROSOFT CP APR 60 CALL CALL 5949189D8 1195 400 SH CALL SOLE 0 0 0
MICROSOFT CP JAN 85 CALL CALL 5949349A1 480 300 SH CALL SOLE 0 0 0
MICROSOFT CP JUL 175 CALL CALL 5949189G1 180 100 SH CALL SOLE 0 0 0
MICROSOFT CP JUL 80 CALL CALL 5949189G1 575 400 SH CALL SOLE 0 0 0
MICROSOFT CP JUL 87.5 CALL CALL 5949189G1 190 200 SH CALL SOLE 0 0 0
TEXAS INSTRS APR 65 CALL CALL 8825089D8 863 250 SH CALL SOLE 0 0 0
TEXAS INSTRS JAN 60 CALL CALL 88251L9A4 1075 250 SH CALL SOLE 0 0 0
WALGREEN APR 25 CALL CALL 9314229D3 540 1490 SH CALL SOLE 0 0 0
WAL-MART STR JUN 90 CALL CALL 9311429F2 128 150 SH CALL SOLE 0 0 0
WARNER LAMT JAN 85 CALL CALL 93448U9A8 109 250 SH CALL SOLE 0 0 0
AASCHE TRANSPORTATION SERV COM 002538106 115 23500 SH SOLE 23500 0 0
ADVANTA CORP-CL B NON-VTG COM 007942204 476 53200 SH SOLE 0 0 ###
ALBERTO CULVER CO-CL A COM 013068200 1381 64988 SH SOLE 64988 0 0
AMERN BANERS INS GROUP COM 024456105 624 12000 SH SOLE 12000 0 0
AMWAY JAPAN LTD COM 03234J100 370 84512 SH SOLE 84512 0 0
ARDEN REALTY GROUP INC COM 039793104 644 28950 SH SOLE 28950 0 0
ASSOCIATED GROUP CL B COM 045651205 11547 238075 SH SOLE 238075 0 0
AT&T COM 019571090 554 6939 SH SOLE 6939 0 0
AT-HOME SERIES A COM 045919107 2859 18150 SH SOLE 18150 0 0
ATLANTIC RICHFIELD CO COM 048825103 292 4000 SH SOLE 4000 0 0
BANCO GANADERO SA-SPONSORE COM 595944080 460 27281 SH SOLE 27281 0 0
BANNER AEROSPACE INC COM 665251060 208 28200 SH SOLE 28200 0 0
BOEING CO COM 970231050 597 17500 SH SOLE 17500 0 0
BROWN FORMAN CORP-CL A COM 115637100 203 3750 SH SOLE 3750 0 0
CANANDAIGUA BRANDS INC-CL COM 137219101 468 9700 SH SOLE 9700 0 0
CD RADIO INC COM 124127100 1277 49100 SH SOLE 49100 0 0
CNA FINANCIAL CORP COM 126117100 233 6000 SH SOLE 6000 0 0
COCA COLA COM 191216100 865 14100 SH SOLE 14100 0 0
COMPUTER CONCEPTS CORP NEW COM 204897300 808 340000 SH SOLE 340000 0 0
CONTINENTAL AIRLINES INC-C COM 210795308 513 13500 SH SOLE 13500 0 0
CREATIVE COMPUTERS INC COM 22527E107 355 11800 SH SOLE 11800 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873K208 537 66550 SH SOLE 66550 0 0
EAGLE HARDWARE & GARDEN IN COM 26959B101 2951 77277 SH SOLE 77277 0 0
ELI LILLY & CO COM 532457108 340 4000 SH SOLE 4000 0 0
ENRON OIL & GAS CO COM 293562104 224 13500 SH SOLE 13500 0 0
ENSTAR INC COM 29358M108 132 14950 SH SOLE 14950 0 0
ESSEX INTERNATIONAL INC-DE COM 297025108 2542 107050 SH SOLE 107050 0 0
EXCITE INC COM 300904109 770 5500 SH SOLE 5500 0 0
FAIRCHILD CORP-CL A COM 303698104 229 22456 SH SOLE 22456 0 0
GRUPO ISUACELL ADR SER D COM 40049W207 833 112900 SH SOLE 112900 0 0
GULF INDONESIA RESOURCES L COM 402284103 116 13900 SH SOLE 13900 0 0
HERBALIFE DEC TRUST III COM 243665205 1413 133000 SH SOLE 133000 0 0
INDUSTRIAL HOLDINGS INC COM 456160100 119 16000 SH SOLE 16000 0 0
INTELLIGENT POLYMERS UTS COM 45815V200 644 23000 SH SOLE 23000 0 0
INTERNATIONAL PAPER CO COM 460146103 878 20800 SH SOLE 20800 0 0
INVESTMENT TECHNOLOGY GROU COM 461450108 269 5300 SH SOLE 5300 0 0
JOHN HANCOCK PATRIOT SELEC COM 41013U102 228 14700 SH SOLE 14700 0 0
KLEINWORT BENSON AUSTRALIA COM 498577105 149 22562 SH SOLE 22562 0 0
KRAUSES FURNITURE INC NEW COM 500760202 100 552 SH SOLE 552 0 0
LEVEL ONE COMMUNICATIONS I COM 527295109 593 12200 SH SOLE 12200 0 0
LIMITED INC COM 532716107 1854 46800 SH SOLE 46800 0 0
LSI LOGIC CORP COM 502161102 331 10600 SH SOLE 10600 0 0
MAXTOR DECS TRUST IV COM 243664208 720 90000 SH SOLE 90000 0 0
MAYTAG CORP COM 578592107 996 16500 SH SOLE 16500 0 0
MCDONALDS CORP COM 580135101 625 13800 SH SOLE 13800 0 0
MEDTRONIC INC COM 585055106 431 6000 SH SOLE 6000 0 0
MERRILL LYNCH 6% COM 590188777 6163 100000 SH SOLE 100000 0 0
MERRILL LYNCH INC 6.25 COM 590188751 1470 65350 SH SOLE 65350 0 0
NATIONAL AUSTRALIA BANK 7. COM 632525309 2411 77000 SH SOLE 77000 0 0
NEOTHERAPEUTICS INC COM 640656104 164 18000 SH SOLE 18000 0 0
NEXTEL STRYPES TR-STRUCTUR COM 65332Y107 2416 77300 SH SOLE 77300 0 0
NL INDUSTRIES INC NEW COM 629156407 425 47200 SH SOLE 47200 0 0
NORTEL INVERSORA SA-10% MA COM 656567302 1222 25000 SH SOLE 25000 0 0
PENNZENERGY COM 70931Q109 231 22000 SH SOLE 22000 0 0
PENNZOIL CO COM 709903108 155 12500 SH SOLE 12500 0 0
PHILLIP MORRIS COM 718154107 801 22750 SH SOLE 22750 0 0
PREFERRED VOICE INC COM 740432109 127 150000 SH SOLE 150000 0 0
RJR NABISCO HLDGS CORP COM COM 74960K876 1536 61450 SH SOLE 61450 0 0
SAVOIR TECHNOLOGY COM 80533W107 433 50206 SH SOLE 50206 0 0
SENSORMATIC ELECTRONICS CO COM 817265606 172 11252 SH SOLE 11252 0 0
SILICON GRAPHICS INC COM 827056102 177 10590 SH SOLE 10590 0 0
SNYDER STRYPES TRUST-6.50% COM 833502107 3307 126900 SH SOLE 126900 0 0
SOURCE MEDIA INC NEW COM 836153304 166 10850 SH SOLE 10850 0 0
STANDARD & POORS DEPOSITAR COM 78462F103 5783 45000 SH SOLE 45000 0 0
SUPERGEN INC COM 868059106 2092 204100 SH SOLE 204100 0 0
TELIGENT INC-CL A COM 87959Y103 1428 34300 SH SOLE 34300 0 0
TEL-SAVE HOLDINGS INC COM 879176105 174 16650 SH SOLE 16650 0 0
THERMO FIBERGEN INC COM 88355U109 6036 652500 SH SOLE 652500 0 0
THERMOLASE CORP UNITS COM 883624207 4751 282550 SH SOLE 282550 0 0
TREMONT CORP-DEL NEW COM 894745207 1052 58850 SH SOLE 58850 0 0
UGI CORP HOLDING CO COM 902681105 537 32200 SH SOLE 32200 0 0
UNISOURCE WORLDWIDE INC COM 909208100 2127 298550 SH SOLE 298550 0 0
VENTAS INC COM 92276F100 433 72150 SH SOLE 72150 0 0
WACKENHUT CORP COM SER A COM 929794105 1551 69700 SH SOLE 69700 0 0
WACKENHUT CORP-SER B COM 929794303 1887 111025 SH SOLE 111025 0 0
AES TRUST I-$2.6875 CONV T PFD CONV 103320800 1389 25000 SH SOLE 25000 0 0
AIRTOUCH COMMUNICATIONS PF PFD CONV 00949T209 4910 62350 SH SOLE 62350 0 0
AMERICAN STRATEGIC INCOME PFD CONV 300981070 173 14660 SH SOLE 14660 0 0
ANNTAYLOR FINANCING TR-8.5 PFD CONV 361104010 10385 92313 SH SOLE 92313 0 0
APARTMENT INVT & MGMT CO P PFD CONV 03748R705 1680 70000 SH SOLE 70000 0 0
AVADO FINANCING I TERM SEC PFD CONV 378563090 1788 55000 SH SOLE 55000 0 0
BANCO GANADERO SA-SPONSORE PFD CONV 595945070 1294 138000 SH SOLE 138000 0 0
BEAZER HOMES USA INC-CUM C PFD CONV 07556Q204 1438 50800 SH SOLE 50800 0 0
BETHLEHEM STEEL CORP PREF PFD CONV 875095010 2328 62500 SH SOLE 62500 0 0
CABLEVISION SYSTEMS CORP-D PFD CONV 12686C406 21553 193300 SH SOLE 193300 0 0
CD RADIO INC-10.50% CONV P PFD CONV 125127407 3170 20000 SH SOLE 20000 0 0
CELLNET FUNDING LLC PFD CONV 150945202 206 15000 SH SOLE 15000 0 0
CENTRAL PARKING FIN TR 5.2 PFD CONV 154787303 657 31850 SH SOLE 31850 0 0
CHANCELLOR MEDIA CORP PFRD PFD CONV 158915405 20604 215750 SH SOLE 215750 0 0
CHIQUITA BRANDS INTERNATIO PFD CONV 170032502 6073 135900 SH SOLE 135900 0 0
CHIQUITA BRANDS INTL PRD A PFD CONV 170032403 1535 41000 SH SOLE 41000 0 0
CITIZENS UTILITIES TRUST-5 PFD CONV 177351202 1864 46300 SH SOLE 46300 0 0
COMCAST CORP PHONES PFD CONV 200300408 1200 15000 SH SOLE 15000 0 0
CRAIG CORP-CL A PREF PFD CONV 224174201 343 48200 SH SOLE 48200 0 0
CRESCENT REAL ESTATE EQ PF PFD CONV 22575N207 5021 316300 SH SOLE 316300 0 0
DRESDNER RCM EUROPE FD PFD CONV 290913102 234 19500 SH SOLE 19500 0 0
EQUITY OFFICE PROPERTIES P PFD CONV 294741301 1245 30000 SH SOLE 30000 0 0
FEDERAL MOGUL FINANCING TR PFD CONV 313552200 6448 118050 SH SOLE 118050 0 0
FIRST UNION REAL ESTATE EQ PFD CONV 337400303 1123 53800 SH SOLE 53800 0 0
FRONTIER INSURANCE 6.25% PFD CONV 35907U301 2730 70000 SH SOLE 70000 0 0
GENERAL GROWTH PPTYS INCPF PFD CONV 370021206 20100 883530 SH SOLE 883530 0 0
GRANITE BROADCASTING CORP PFD CONV 387241201 731 25000 SH SOLE 25000 0 0
HOST MARRIOTT FINANCIAL TR PFD CONV 441079407 2580 64700 SH SOLE 64700 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q400 5686 114288 SH SOLE 114288 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q202 7040 141500 SH SOLE 141500 0 0
INTERMEDIA COMM PFRD D PFD CONV 458801701 1643 45000 SH SOLE 45000 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801867 5360 202250 SH SOLE 202250 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801834 6228 235000 SH SOLE 235000 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801792 695 32500 SH SOLE 32500 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801826 8817 412500 SH SOLE 412500 0 0
INTL TECHNOLOGY CORP-DEP S PFD CONV 460465305 407 18600 SH SOLE 18600 0 0
INVESTMENT GRADE MUNICIPAL PFD CONV 695931105 175 11000 SH SOLE 11000 0 0
KMART FINANCING I-7.75% TR PFD CONV 498778208 6504 107500 SH SOLE 107500 0 0
LORAL SPACE & COMM PFRD PFD CONV G56462149 8892 199250 SH SOLE 199250 0 0
MANDATORY COM TR PFD CONV 562613109 159 31000 SH SOLE 31000 0 0
MEDPARTNERS INC (NEW)-6.50 PFD CONV 58503X206 544 70700 SH SOLE 70700 0 0
MFS SPECIAL VALUE TRUST (S PFD CONV 55274E102 218 14500 SH SOLE 14500 0 0
NEWS CORP EXCHANGE PFD CONV 652485202 3740 40000 SH SOLE 40000 0 0
NEXTEL COMMUNICATIONS INC PFD CONV 65332V806 1568 4000 SH SOLE 4000 0 0
OCCIDENTAL PETROLEUM CORP PFD CONV 674599790 4251 86319 SH SOLE 86319 0 0
OMNIPOINT CORP DEP SHRS PFD CONV 68212D300 1300 40000 SH SOLE 40000 0 0
OMNIPOINT CORP DEP SHRS PFD CONV 68212D607 2113 65000 SH SOLE 65000 0 0
OWENS & MINOR CV TRUST GTD PFD CONV F10015600 1183 32850 SH SOLE 32850 0 0
OWENS CORNING CAPITAL LLC PFD CONV 690733209 2760 60000 SH SOLE 60000 0 0
PATINA OIL & GAS CORP PRF PFD CONV 703224204 2016 104751 SH SOLE 104751 0 0
PRICE ENTERPRISES INC 8.75 PFD CONV 741444301 1607 110350 SH SOLE 110350 0 0
QUALCOMM FINANCIAL TR I-5. PFD CONV 74752R204 3290 36250 SH SOLE 36250 0 0
QUALCOMM FINANCIAL TR I-5. PFD CONV 74752R402 7487 82500 SH SOLE 82500 0 0
RECKSON ASSOCIATES REALTY PFD CONV 75621K205 923 45300 SH SOLE 45300 0 0
SEALED AIR CORP NEW-$2 CON PFD CONV 81211K209 5639 113925 SH SOLE 113925 0 0
SENSORMATIC ELECTRONICS PF PFD CONV 817265200 1069 62400 SH SOLE 62400 0 0
SKYTEL COMMUNICATIONS INC PFD CONV 83087Q302 2456 86560 SH SOLE 86560 0 0
SL GREEN REALTY CORP PFD PFD CONV 78440X200 5791 282500 SH SOLE 282500 0 0
STATION CASINOS INC-$3.50 PFD CONV 857689202 2740 56500 SH SOLE 56500 0 0
SUN FINANCING I-7% CONV TR PFD CONV 866749203 400 160000 SH SOLE 160000 0 0
TCI PACIFIC COMM -tpacp PFD CONV 872294202 73058 220220 SH SOLE 220220 0 0
TDS CAPITAL II-8.04% TRUST PFD CONV 87235R203 500 20000 SH SOLE 20000 0 0
TIMET CAPITAL 6.6 PFD CONV 887381408 1272 63600 SH SOLE 63600 0 0
TRIATHLON BROADCASTING CO- PFD CONV 89589P304 614 58500 SH SOLE 58500 0 0
UNISYS CORP $3.75 CV PFD S PFD CONV 909214207 17139 330381 SH SOLE 330381 0 0
USX CORP-6.75% EXCH NOTES PFD CONV 902905793 323 34000 SH SOLE 34000 0 0
VANSTAR FING TRUST PFD CONV 92208Q307 2125 111850 SH SOLE 111850 0 0
WALBRO CAPITAL TRUST-8% CO PFD CONV 931152201 861 47500 SH SOLE 47500 0 0
WHX CORP-CONV PFD SER A PFD CONV 929248201 4894 141100 SH SOLE 141100 0 0
WINSTAR COMMUNICATIONS PFR PFD CONV 975515404 1414 34493 SH SOLE 34493 0 0
WINSTAR COMMUNICATIONS PFR PFD CONV 975515602 6930 169016 SH SOLE 169016 0 0
THERMO FIBERGEN INC RTS RIGH 88355U117 2391 869500 SH SOLE 0 0 0
BJ SERVICES CO WTS WARR 554821110 608 31400 SH SOLE 0 0 0
DENTAL/MEDICAL DIAGNOSTIC WARR 24873K117 972 268170 SH SOLE 0 0 0
DIGITAL LAVA WTS WARR 253928113 186 43100 SH SOLE 0 0 0
FEDERATED DEPT WTS D WARR 31410H127 1666 107500 SH SOLE 0 0 0
GOLDEN STATE BANCORP WTS WARR 381197128 2400 150000 SH SOLE 0 0 0
HEMISPERX BIOPHARMA INC A WARR 42366C111 170 68000 SH SOLE 0 0 0
IMC GLOBAL INC WTS WARR 449669118 125 286130 SH SOLE 0 0 0
NEOTHERAPEUTICS INC WTS WARR 640656112 221 69300 SH SOLE 0 0 0
REPUBLIC HEALTH WTS WARR 760481119 410 26250 SH SOLE 0 0 0
SOURCE MEDIA INC WTS WARR 836153114 188 51000 SH SOLE 0 0 0
SUPERGEN INC WTS WARR 868059114 1887 425150 SH SOLE 0 0 0
TRANS WORLD AIRLINESS WTS WARR 893349167 314 3050 SH SOLE 0 0 0
WANG LABORATORIES NEW WTS WARR 93369N117 309 61750 SH SOLE 0 0 0
760919
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