The United States Securities and Exchange Commission
Washington, D.C. 20549
Form 13F
Information Required of Institutional Investment Managers Pursuant to
Section 13 (f) Securities Exchange Act of 1934 and Rules Thereunder.
Report for the Calander Year or Quarter Ended September 30, 1999.
Name of Institutional Investment Manager: JMG Capital Partners, L.P.
Business Address: 1999 Avenue of the Stars, #2530
Los Angeles, CA 90067
Jonathan Glaser, 310-201-2619
President of the General Partner
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represents hereby that all information
contained thereon is true, correct and complete. It is understood that all
required items, statements and schedules are considered intergral parts of this
Form and that the submission by any amendment represents that all
unamended items, statements and schedules remain true, correct and complete
as previously submitted. Pursuant to the requirements of Securities 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 California
on the 1st day of November 1999.
JMG Capital Partners, L.P.
Jonathan Glaser, President of the General Partner
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/INVSTMOTHEVOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000PRN AMT PRN CALLDSCRETMANA SOLE SHAR NONE
AAMES FINANCIAL CORP 5.5% BND CONV 00253AAE1 2826 7322000PRN SOLE 0 0 0
ACCLAIM ENTMT INC 10% 3/1/ BND CONV 004325AA4 3917 2550000PRN SOLE 0 0 0
ACTIVISION INC NEW 6.75% 1 BND CONV 004930AC7 1098 1000000PRN SOLE 0 0 0
ADVANCED MICRO DEVICES 6% BND CONV 007903AC1 744110250000PRN SOLE 0 0 0
ALPHARMA INC 3% 144 BND CONV 020813AC5 1215 1000000PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/05 BND CONV 020813AA9 998 750000PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/1/05 BND CONV 020813AC5 6466 4862000PRN SOLE 0 0 0
AMAZON.COM INC 4.75% 2/09 BND CONV 023135AF3 2936325000000PRN SOLE 0 0 0
AMERITRADE HLDG CORP 5.75% BND CONV 03072HAA7 2215 3000000PRN SOLE 0 0 0
AMKOR TECHNOLOGIES 5.75% BND CONV 031652AA8 643 500000PRN SOLE 0 0 0
APPLIED MAGNETICS 7% 3/06 BND CONV 038213AA2 243912196000PRN SOLE 0 0 0
ASIA PULP & PAPER (APP FIN BND CONV 00202NAA3 942 7763000PRN SOLE 0 0 0
ASPEN TECHNOLOGY INC 5.25% BND CONV 045327AB9 606 1000000PRN SOLE 0 0 0
ASSISTED LIVING 6% 11/01/0 BND CONV 04543LAD1 1387 2391000PRN SOLE 0 0 0
AT HOME CORP .524% 12/28/1 BND CONV 045919AC1 569 900000PRN SOLE 0 0 0
AT HOME CORP .524% 12/28/1 BND CONV 045919AA5 633110009000PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAC5 322 500000PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAA9 645 1000000PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AA8 481 500000PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AC4 4573 4750000PRN SOLE 0 0 0
BAAN CO NV 4.5% BND CONV 056072AB7 529 600000PRN SOLE 0 0 0
BANK ATLANTIC BANCORP 5.62 BND CONV 065908AC9 382 500000PRN SOLE 0 0 0
BANKATLANTIC BANCORP 6.75% BND CONV 065908AB1 1295 1250000PRN SOLE 0 0 0
BELL ATLANTIC FINL 4.25% BND CONV 07785GAC4 7967 7500000PRN SOLE 0 0 0
BENCHMARK ELECTRONICS INC BND CONV 08160HAA9 2167 2000000PRN SOLE 0 0 0
BRADLEES STORES INC 9% BND CONV 104500AA1 207 207000PRN SOLE 0 0 0
CAREMATRIX CORP 6.25% BND CONV 141706AC5 431 1000000PRN SOLE 0 0 0
CD RADIO INC 8.75% BND CONV 125127AJ9 2624 2500000PRN SOLE 0 0 0
CENTOCOR INC 4.75% BND CONV 152342AE1 1315 1000000PRN SOLE 0 0 0
CINCINNATI FINL COR 5.5% 5 BND CONV 172062AB7 6117 2425000PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 12/15/ BND CONV 172755AC4 934 1250000PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 144 BND CONV 172755AA8 1024 1400000PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AG3 640 1000000PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AF5 1654 2585000PRN SOLE 0 0 0
COMVERSE TECHNOLOGY 5.75% BND CONV 205862AE5 1546 500000PRN SOLE 0 0 0
CONEXANT SYSTEMS INC 4.25% BND CONV 207142AA8 1717 1000000PRN SOLE 0 0 0
CORPORATE EXPRESS INC 4.5% BND CONV 219888AE4 1108 1125000PRN SOLE 0 0 0
DANKA BUSINESS SYSTEMS PLC BND CONV 236277AB5 1580 2000000PRN SOLE 0 0 0
DATA GENERAL CORP 6% 5/15/ BND CONV 237688AE6 1087410462500PRN SOLE 0 0 0
DOUBLECLICK INC 4.75% 3/06 BND CONV 258609AA4 3145 2000000PRN SOLE 0 0 0
EMC CORP SUB NT 3.25% 3/02 BND CONV 268648AC6 3151 500000PRN SOLE 0 0 0
EMC CORP SUB NT 3.25% 3/02 BND CONV 26865YAA2 61225 9714000PRN SOLE 0 0 0
EMCOR GROUP INC 5.75% BND CONV 29084QAC4 2496 2600000PRN SOLE 0 0 0
GENZYME CORP 5.25% BND CONV 372917AF1 2027 1500000PRN SOLE 0 0 0
GILAT SATELLITE NETWORKS 6 BND CONV 375255AB2 5346 3960000PRN SOLE 0 0 0
GLOBAL TELESYSTEM GROUP 5. BND CONV 37936UAE4 8724 9750000PRN SOLE 0 0 0
GLOBAL TELESYSTEMS GROUP 8 BND CONV 37936UAD6 7889 3925000PRN SOLE 0 0 0
HEXCEL CORP NEW 7% BND CONV 428291AA6 842 1120000PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/01/0 BND CONV 43738EAB4 2156 3125000PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/1/04 BND CONV 43738EAA6 1380 2000000PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY 6% BND CONV 448407AC0 2693 2375000PRN SOLE 0 0 0
INTERMAGNETICS GENERAL COR BND CONV 458771AB8 509 750000PRN SOLE 0 0 0
ITC DELTACOM INC 4.5% BND CONV 45031TAJ3 1502 1250000PRN SOLE 0 0 0
KELLSTROM INDS INC 6/03 5. BND CONV 488035AE6 451 645000PRN SOLE 0 0 0
KTI INC 8.75% 8/15/04 BND CONV 482689AA4 2069 2500000PRN SOLE 0 0 0
LEVEL 3 COMMUNICATIONS INC BND CONV 52729NAG5 5491 5500000PRN SOLE 0 0 0
LOEWS CORP 3.125% BND CONV 540424AL2 2532 2981000PRN SOLE 0 0 0
LSI LOGIC CORP 144a 4.25% BND CONV 502161AB8 905 500000PRN SOLE 0 0 0
MAY & SPEH 5.25% BND CONV 577777AA3 6871 5949000PRN SOLE 0 0 0
METRICOM INC 8% 9/15/03 BND CONV 591596AC5 9339 5973000PRN SOLE 0 0 0
MICRON TECHNOLOGIES 7% 7/1 BND CONV 595112AB9 10187 8695000PRN SOLE 0 0 0
MINDSPRING ENTERPRISES INC BND CONV 602683AA2 464 500000PRN SOLE 0 0 0
MRV COMMUNICATION INC 5% BND CONV 553477AB6 1133 1100000PRN SOLE 0 0 0
NEXSTAR PHARMACEUTICALS 6. BND CONV 65333BAC0 2010713250000PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS 4.75 BND CONV 65332VAR4 1842611750000PRN SOLE 0 0 0
NOVA CARE INC CONV S/D 5.5 BND CONV 669930AA7 1638 1790000PRN SOLE 0 0 0
NTL INC 7% 144 BND CONV 629407AK3 10210 6000000PRN SOLE 0 0 0
PETSMART INC 144 6.75% 11/ BND CONV 716768AA4 2941 4250000PRN SOLE 0 0 0
PETSMART INC 6.75% 11/1/20 BND CONV 716768AB2 951 1375000PRN SOLE 0 0 0
PREMIERE TECHNOLOGIES INC BND CONV 74058FAC6 4562 8308000PRN SOLE 0 0 0
READ RITE CORP 6.5% 09/04 BND CONV 755246AA3 2013 4875500PRN SOLE 0 0 0
SAFEGUARD SCIENTIFIC 144 5 BND CONV 786449AD0 3809 3500000PRN SOLE 0 0 0
SIGNATURE RESORTS BND CONV 82668BAA4 1462 2200000PRN SOLE 0 0 0
SIMULA INC 8% 5/1/04 BND CONV 829206AB7 1157 1590000PRN SOLE 0 0 0
SPORTSLINE USA INC 5% BND CONV 848934AA3 1682 2195000PRN SOLE 0 0 0
SPORTSLINE USA INC 5% BND CONV 848934AC9 2688 3508000PRN SOLE 0 0 0
STANDARD MOTOR PRODUCTS 6. BND CONV 853666AB1 1113 1250000PRN SOLE 0 0 0
SUNGLASS HUT INTL 5.25% 6/ BND CONV 86736FAC0 800 1000000PRN SOLE 0 0 0
TELEFONOS DE MEXICO 4.25% BND CONV 879403AD5 1555116500000PRN SOLE 0 0 0
TRANS WORLD AIRLINES 12% BND CONV 893349BG4 4186 4550000PRN SOLE 0 0 0
TRIARC COS INC BND CONV 895927AA9 649 2500000PRN SOLE 0 0 0
VERITAS SOFTWARE 5.25% 11/ BND CONV 923436AB5 4350111918000PRN SOLE 0 0 0
VERTICALNET INC 5.25% 9/04 BND CONV 92532LAA5 2114 2000000PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAA9 1429 2120000PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAC5 5659 8395000PRN SOLE 0 0 0
AMERN EXPRESS JAN 140 CALL CALL 0258169A9 205 20000 SH CALL SOLE 0 0 0
BELL ATLANT JAN 65 CALL CALL 0778539A9 319 50000 SH CALL SOLE 0 0 0
CATERPILLAR JAN 55 CALL CALL 1491239A1 450 100000 SH CALL SOLE 0 0 0
CHASE MHHATN JAN 45 CALL CALL 16161A9A8 304 10000 SH CALL SOLE 0 0 0
CHIRON CORP JAN 30 CALL CALL 1700409A9 113 50000 SH CALL SOLE 0 0 0
GENL ELECT OCT 115 CALL CALL 3696049J4 108 20000 SH CALL SOLE 0 0 0
GENL ELECT OCT 120 CALL CALL 3696049J4 143 60000 SH CALL SOLE 0 0 0
GLOBAL CROSS OCT 50 CALL CALL 305807100 218 42500 SH CALL SOLE 0 0 0
HEWLETT PACK JAN 55 CALL CALL 4282369A3 947 25000 SH CALL SOLE 0 0 0
HEWLETT PACK JAN 85 CALL CALL 4282369A3 130 10000 SH CALL SOLE 0 0 0
HOME DEPOT JAN 80 CALL CALL 4370769A2 160 80000 SH CALL SOLE 0 0 0
INTEL CORP OCT 60 CALL CALL 4581409J1 590 40000 SH CALL SOLE 0 0 0
MEDIAONE JAN 80 CALL CALL 58441J9A3 144 100000 SH CALL SOLE 0 0 0
MICROSOFT CP JAN 85 CALL CALL 594918104 349 30000 SH CALL SOLE 0 0 0
SPRINT/PCS JAN 55 CALL 01 CALL 8519279A3 570 20000 SH CALL SOLE 0 0 0
TEXAS INSTR JAN 30 CALL CALL 8825089A4 2644 50000 SH CALL SOLE 0 0 0
TEXAS INSTR JAN 75 CALL CALL 8825089A4 136 10000 SH CALL SOLE 0 0 0
TEXAS INSTR OCT 75 CALL CALL 8825089J5 255 30000 SH CALL SOLE 0 0 0
TEXAS INSTR OCT 77.5 CALL CALL 8825089J5 156 25000 SH CALL SOLE 0 0 0
ADVANTA CORP-CL B NON-VTG COM 007942204 1552 132100 SH SOLE 0 0132100
ALBERTO CULVER CO-CL A COM 013068200 1588 81188 SH SOLE 81188 0 0
AMDOCS AUTOMATIC COM EXCHA COM 02342R202 2963 137000 SH SOLE 137000 0 0
AMERN EXPESS CO COM 025816109 1346 10000 SH SOLE 10000 0 0
AMWAY JAPAN LTD COM 03234J100 304 67512 SH SOLE 67512 0 0
ARDEN REALTY GROUP INC COM 039793104 285 13100 SH SOLE 13100 0 0
ASCENT ENTERTAINMENT GROUP COM 043628106 193 14000 SH SOLE 14000 0 0
ASSOCIATED GROUP CL B COM 045651205 31422 518825 SH SOLE 518825 0 0
AT&T COM 019571090 1714 39408 SH SOLE 39408 0 0
BANCO GANADERO SA-SPONSORE COM 059594408 486 28281 SH SOLE 28281 0 0
BOEING CO COM 097023105 234 5500 SH SOLE 5500 0 0
CABLE & WIRELESS COMMUNI- COM 12682P104 865 16600 SH SOLE 16600 0 0
CANANDAIGUA BRANDS INC-CL COM 137219101 545 9200 SH SOLE 9200 0 0
CATERPILLAR INC COM 149123101 713 13000 SH SOLE 13000 0 0
COCA COLA COM 191216100 1528 31800 SH SOLE 31800 0 0
COEUR D ALENE MINES PFRD COM 192108207 176 30000 SH SOLE 30000 0 0
COMCAST CORP-CL A COM 200300101 721 20000 SH SOLE 20000 0 0
COMPUTER CONCEPTS CORP NEW COM 204897300 517 337500 SH SOLE 337500 0 0
CROWN CASTLE DEC TR V COM 24366F203 1883 102500 SH SOLE 102500 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873K208 273 69050 SH SOLE 69050 0 0
EASTMAN KODAK CO COM 277461109 1358 18000 SH SOLE 18000 0 0
ENSTAR INC COM 29358M108 120 10950 SH SOLE 10950 0 0
ESTEE LAUDER AUTOMATIC COM COM 518437207 1414 20200 SH SOLE 20200 0 0
FEDERAL MOGUL CORP COM 313549107 262 9500 SH SOLE 9500 0 0
FLORIDA PROGRESS CORP COM 341109106 231 5000 SH SOLE 5000 0 0
FLOWERS INDUSTRIES INC COM 343496105 295 21740 SH SOLE 21740 0 0
FORD MOTOR CO COM 345370100 4276 85200 SH SOLE 85200 0 0
GLOBAL CROSSING LTD COM G3921A100 10686 403230 SH SOLE 403230 0 0
GLOBAL TELESYSTEMS GROUP I COM 37936U104 197 10000 SH SOLE 10000 0 0
GULF INDONESIA RESOURCES L COM 402284103 140 13900 SH SOLE 13900 0 0
HOMESTEAD VILLAGE PROPERTI COM 437851108 896 318450 SH SOLE 318450 0 0
INTELLIGENT POLYMERS UTS COM 45815V200 1128 22900 SH SOLE 22900 0 0
JOHN HANCOCK PATRIOT SELEC COM 41013U102 201 14700 SH SOLE 14700 0 0
KERR MCGEE CORP COM 492386305 1734 44450 SH SOLE 44450 0 0
KLEINWORT BENSON AUSTRALIA COM 498577105 142 22562 SH SOLE 22562 0 0
LG&E ENERGY CORP COM 501917108 440 20700 SH SOLE 20700 0 0
MCDONALDS CORP COM 580135101 1570 36500 SH SOLE 36500 0 0
MEDIAONE GROUP INC COM 912889201 2992 43800 SH SOLE 43800 0 0
MERRILL LYNCH & CO INC COM 590188108 423 6300 SH SOLE 6300 0 0
METRICOM COM 591596101 956 42000 SH SOLE 42000 0 0
MOLEX INC-CL A COM 608554200 699 21600 SH SOLE 21600 0 0
NATIONAL AUSTRALIA BANK 7. COM 632525309 1823 66600 SH SOLE 66600 0 0
NEOTHERAPEUTICS INC COM 640656104 196 17200 SH SOLE 17200 0 0
NEWPORT NEWS SHIPBUILDING COM 652228107 417 12900 SH SOLE 12900 0 0
NL INDUSTRIES INC NEW COM 629156407 609 48200 SH SOLE 48200 0 0
NOVELL INC COM 670006105 207 10000 SH SOLE 10000 0 0
NUEVO GRUPO IUSACELL SA DE COM 670512102 513 53995 SH SOLE 53995 0 0
CANADIAN OCCIDENTAL COM 136420106 393 21540 SH SOLE 21540 0 0
PATINA OIL & GAS CORP COM 703224105 115 13000 SH SOLE 13000 0 0
PHYSICIANS SPECIALTY CORP COM 718934102 714 71000 SH SOLE 71000 0 0
PREFERRED VOICE INC COM 740432109 227 145000 SH SOLE 145000 0 0
RISCORP INC-CL A COM 767597107 164 94500 SH SOLE 94500 0 0
SAVOIR TECHNOLOGY COM 80533W107 424 50206 SH SOLE 50206 0 0
SIMON PROPERTY GROUP INC COM 828806109 224 10000 SH SOLE 10000 0 0
SOURCE MEDIA INC NEW COM 836153304 246 27350 SH SOLE 27350 0 0
SPRINT CORP COM 852061100 760 14000 SH SOLE 14000 0 0
SUPERGEN INC COM 868059106 4503 196300 SH SOLE 196300 0 0
TALK.COM INC COM 879176105 215 16650 SH SOLE 16650 0 0
TELEPHONE & DATA SYSTEMS I COM 879433100 1248 14050 SH SOLE 14050 0 0
THERMO FIBERGEN INC COM 88355U109 7933 709050 SH SOLE 709050 0 0
TITAN CORP COM 888266103 228 15843 SH SOLE 15843 0 0
TREMONT CORP-DEL NEW COM 894745207 1831 76700 SH SOLE 76700 0 0
TRINET CORPORATE REALTY TR COM 896287109 905 38000 SH SOLE 38000 0 0
U S WEST INC NEW COM 91273H101 4639 81300 SH SOLE 81300 0 0
UGI CORP HOLDING CO COM 902681105 310 13350 SH SOLE 13350 0 0
UNISYS CORP COM 909214108 223 4948 SH SOLE 4948 0 0
VENTAS INC COM 92276F100 515 108400 SH SOLE 108400 0 0
VENTIV HEALTH INC COM 922793104 148 15000 SH SOLE 15000 0 0
WACKENHUT CORP COM SER A COM 929794105 964 48800 SH SOLE 48800 0 0
WACKENHUT CORP-SER B COM 929794303 2101 140075 SH SOLE 140075 0 0
AES TRUST I-$2.6875 CONV T PFD CONV 010332080 2081 25000 SH SOLE 25000 0 0
AMERICAN STRATEGIC INCOME PFD CONV 030098107 165 14660 SH SOLE 14660 0 0
APARTMENT INVT & MGMT CO P PFD CONV 03748R705 8453 343250 SH SOLE 343250 0 0
AVADO FINANCING I TERM SEC PFD CONV 037856309 3837 132875 SH SOLE 132875 0 0
BANCO GANADERO SA-SPONSORE PFD CONV 059594507 1047 142000 SH SOLE 142000 0 0
BETHLEHEM STEEL CORP PREF PFD CONV 087509501 7650 225000 SH SOLE 225000 0 0
CABLEVISION SYSTEMS CORP-D PFD CONV 12686C406 26276 243300 SH SOLE 243300 0 0
CANADIAN NATIONAL RAILWAY PFD CONV 136375409 538 10400 SH SOLE 10400 0 0
CANADIAN NATIONAL RAILWAY PFD CONV 136375409 1163 22500 SH SOLE 22500 0 0
CAREMARK RX CAP TR I PFD CONV 14170K209 472 10000 SH SOLE 10000 0 0
CD RADIO INC-10.50% CONV P PFD CONV 125127407 3229 20000 SH SOLE 20000 0 0
CELLNET FUNDING LLC PFD CONV 150945202 144 15000 SH SOLE 15000 0 0
CENTRAL PARKING FIN TR 5.2 PFD CONV 154787303 568 31850 SH SOLE 31850 0 0
CEPHALON INC PFRD PFD CONV 156708307 1708 30000 SH SOLE 30000 0 0
CHIQUITA BRANDS INTERNATIO PFD CONV 170032502 2672 86200 SH SOLE 86200 0 0
CHIQUITA BRANDS INTL PRD A PFD CONV 170032403 987 41000 SH SOLE 41000 0 0
CRAIG CORP-CL A PREF PFD CONV 224174201 313 48200 SH SOLE 48200 0 0
CRESCENT REAL ESTATE EQ PF PFD CONV 22575N207 4549 302000 SH SOLE 302000 0 0
DRESDNER RCM EUROPE PFD CONV 108061600 181 14500 SH SOLE 14500 0 0
EQUITY OFFICE PROPERTIES P PFD CONV 294741301 1178 30000 SH SOLE 30000 0 0
FEDERAL MOGUL FINANCING TR PFD CONV 313552200 4738 118050 SH SOLE 118050 0 0
FIRST UNION REAL ESTATE EQ PFD CONV 337400303 1197 53800 SH SOLE 53800 0 0
FRONTIER INSURANCE 6.25% P PFD CONV 35907U103 2520 70000 SH SOLE 70000 0 0
GENERAL GROWTH PPTYS INCPF PFD CONV 370021206 20571 935030 SH SOLE 935030 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U609 4006 102500 SH SOLE 102500 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U401 5276 135000 SH SOLE 135000 0 0
HERBALIFE DEC TRUST III PFD CONV 243665205 4433 290700 SH SOLE 290700 0 0
HERCULES TR II PFD CONV 427098306 4703 5500 SH SOLE 5500 0 0
HOST MARRIOTT FINANCIAL TR PFD CONV 441079407 2199 64700 SH SOLE 64700 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q400 4876 118288 SH SOLE 118288 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q202 5833 141500 SH SOLE 141500 0 0
imc/MERRILL LYNCH INC 6.25 PFD CONV 590188751 1218 69850 SH SOLE 69850 0 0
inacom/VANSTAR FING TRUST PFD CONV 92208Q307 2810 126850 SH SOLE 126850 0 0
INTERMEDIA COMM PFRD D PFD CONV 458801701 4823 157500 SH SOLE 157500 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801867 4158 189000 SH SOLE 189000 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801834 5962 271000 SH SOLE 271000 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801792 3468 182500 SH SOLE 182500 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801826 5273 277550 SH SOLE 277550 0 0
INTL TECHNOLOGY CORP-DEP S PFD CONV 460465305 358 18600 SH SOLE 18600 0 0
INVESTMENT GRADE MUNICIPAL PFD CONV 695931105 152 11000 SH SOLE 11000 0 0
K MART FINANCING TRUST PFD CONV 498778208 12185 255850 SH SOLE 255850 0 0
KEMPER HIGH INCOME TRUST-S PFD CONV 48841G106 2784 322833 SH SOLE 322833 0 0
KIMCO REALTY CORP 7.50% CV PFD CONV 49446R877 1430 64100 SH SOLE 64100 0 0
LABORATORY CORP OF AMERICA PFD CONV 50540R201 280 5000 SH SOLE 5000 0 0
LINCOLN NATIONAL CORP 7.25 PFD CONV 534187604 366 17500 SH SOLE 17500 0 0
LORAL SPACE & COMMUNICATIO PFD CONV G56462149 9838 199250 SH SOLE 199250 0 0
MANDATORY COM TR PFD CONV 562613109 105 31000 SH SOLE 31000 0 0
MAXTOR DECS TRUST IV PFD CONV 243664208 1700 223000 SH SOLE 223000 0 0
MCLEODUSA INC PFRD PFD CONV 582266201 16066 40400 SH SOLE 40400 0 0
MEDPARTNERS INC (NEW)-6.50 PFD CONV 58503X206 343 40700 SH SOLE 40700 0 0
MFS SPECIAL VALUE TRUST (S PFD CONV 552741060 234 14500 SH SOLE 14500 0 0
NEWS CORP EXCHANGE PFD CONV 652485202 3930 40000 SH SOLE 40000 0 0
NEXTEL STRYPES TR-STRUCTUR PFD CONV 65332Y107 4292 74800 SH SOLE 74800 0 0
NORTEL INVERSORA SA-10% MA PFD CONV 656567302 1228 25000 SH SOLE 25000 0 0
OMNIPOINT CORP DEP SHRS PFD CONV 68212D607 2375 25000 SH SOLE 25000 0 0
OMNIPOINT CORP DEP SHRS PFD CONV 68212D300 3800 40000 SH SOLE 40000 0 0
OMNIPOINT CORP DEPOSITARY PFD CONV 68212D607 18786 197750 SH SOLE 197750 0 0
OWENS & MINOR CV TRUST GTD PFD CONV 690905203 1140 32850 SH SOLE 32850 0 0
OWENS CORNING CAPITAL LLC PFD CONV 690733209 2310 60000 SH SOLE 60000 0 0
PATINA OIL & GAS CORP PRF PFD CONV 703224204 2563 95351 SH SOLE 95351 0 0
PHILADELPHIA CONSOLIDATED PFD CONV 717528301 805 125000 SH SOLE 125000 0 0
PRICE ENTERPRISES INC 8.75 PFD CONV 741444301 711 47400 SH SOLE 47400 0 0
PSINET INC PFRD PFD CONV 74437C309 9056 225000 SH SOLE 225000 0 0
QUALCOMM FINANCIAL TR I-5. PFD CONV 74752R204 9603 36250 SH SOLE 36250 0 0
QUALCOMM FINANCIAL TR I-5. PFD CONV 74752R402 21856 82500 SH SOLE 82500 0 0
RECKSON ASSOCIATES REALTY PFD CONV 75621K205 915 45300 SH SOLE 45300 0 0
SEAGRAM LTD 7.5% PFRD PFD CONV 811850205 3919 84400 SH SOLE 84400 0 0
SEALED AIR CORP NEW-$2 CON PFD CONV 81211K209 5782 113925 SH SOLE 113925 0 0
SKYTEL COMMUNICATIONS INC PFD CONV 83087Q302 1599 42560 SH SOLE 42560 0 0
SL GREEN REALTY CORP PFD PFD CONV 78440X200 7558 336850 SH SOLE 336850 0 0
SNYDER STRYPES TRUST-6.50% PFD CONV 833502107 2284 126900 SH SOLE 126900 0 0
SUPERIOR TR I PFD CONV 8.5 PFD CONV 86836P202 4820 141762 SH SOLE 141762 0 0
TDS CAPITAL II-8.04% TRUST PFD CONV 87235R203 443 20000 SH SOLE 20000 0 0
TESORO PETE CORP PFRD PFD CONV 881609408 392 25000 SH SOLE 25000 0 0
TRANS WORLD AIRLINES PFRD PFD CONV 893349738 1213 47500 SH SOLE 47500 0 0
TRIKON TRCH SER H PFRD PFD CONV 896187200 176 50000 SH SOLE 50000 0 0
UNION PACIFIC TR PFRD PFD CONV 907824205 4543 100000 SH SOLE 100000 0 0
UNITED GLOBAL DEP SHRS 144 PFD CONV 913247201 1295 25000 SH SOLE 25000 0 0
VERIO INC 6.75% PFRD PFD CONV 923433304 3030 72500 SH SOLE 72500 0 0
WALBRO CAPITAL TRUST-8% CO PFD CONV 931152201 4653 176250 SH SOLE 176250 0 0
WHX CORP-CONV PFD SER A PFD CONV 929248201 5417 143250 SH SOLE 143250 0 0
WINSTAR COMMUNICATIONS $7. PFD CONV 975515867 1972 2390 SH SOLE 2390 0 0
WINSTAR COMMUNICATIONS 6% PFD CONV 975515602 8094 189050 SH SOLE 189050 0 0
WINSTAR COMMUNICATIONS INC PFD CONV 975515875 3839 81650 SH SOLE 81650 0 0
THERMO FIBERGEN INC RTS RTS 88355U117 1221 888250 SH SOLE 0 0 0
AES CORP WTS WARR 0130H1130 339 3775 SH SOLE 0 0 0
FEDERATED DEPT WTS D WARR 31410H127 1989 107500 SH SOLE 0 0 0
GOLDEN STATE BANCORP WTS WARR 381197128 1088 150000 SH SOLE 0 0 0
HEMISPERX BIOPHARMA INC A WARR 42366C111 213 68000 SH SOLE 0 0 0
NEOTHERAPEUTICS INC WTS WARR 640656112 290 69300 SH SOLE 0 0 0
REPUBLIC HEALTH WTS WARR 760481119 341 26250 SH SOLE 0 0 0
SUPERGEN INC WTS WARR 868059114 4532 315250 SH SOLE 0 0 0
VIEWCAST.COM INC WTS WARR 926713116 126 31000 SH SOLE 0 0 0
</TABLE>
