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, 2000.
Name of Institutional Investment Manager: JMG Capital
Partners, LP
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 integral 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 the 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 6th of November 2000.
JMG Capital Partners, L.P.
Jonathan Glaser, President of the General Partner
Report Summary
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 458
Form 13F Information Table Value Total: $1,451,981,771
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AAMES FINANCIAL 9.125% 11/ BND CONV 00253AAD3 390,000 7,500 PRN SOLE 0 0 0
AAMES FINANCIAL CORP 5.5% BND CONV 00253AAE1 994,075 47,220 PRN SOLE 0 0 0
ACCLAIM ENTMT INC 10% 3/1/ BND CONV 004325AA4 1,362,983 27,500 PRN SOLE 0 0 0
ACTIVISION INC NEW 6.75% 1 BND CONV 004930AC7 1,639,598 17,600 PRN SOLE 0 0 0
ADVANCED MICRO DEVICES 6% BND CONV 007903AC1 20,021,250 142,500 PRN SOLE 0 0 0
AES CORP 4.5% 8/15 BND CONV 00130HAN5 7,723,770 30,000 PRN SOLE 0 0 0
AETHER SYSTEMS INC 6% 3/22 BND CONV 00808VAA3 8,493,760 110,000 PRN SOLE 0 0 0
AFFYMETRIX INC 4.75% 2/07 BND CONV 00826TAC2 1,194,160 20,000 PRN SOLE 0 0 0
AKAMAI TECHNOLOGIES 5.5% 7 BND CONV 00971tAA9 1,628,528 22,500 PRN SOLE 0 0 0
ALEXION PHARMACEUT 5.75% 3 BND CONV 015351AA7 3,646,990 29,370 PRN SOLE 0 0 0
ALLIED RISER 7.5% 6/07 BND CONV 019496AA6 1,118,910 19,000 PRN SOLE 0 0 0
ALPHARMA INC 3% 144 BND CONV 020813AC5 1,952,740 10,000 PRN SOLE 0 0 0
ALPHARMA INC 3% 6/06 BND CONV 020813AD3 4,881,850 25,000 PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/1/05 BND CONV 020813AB7 5,633,118 26,120 PRN SOLE 0 0 0
AMAZON.COM INC 4.75% 2/09 BND CONV 023135AF3 16,170,498 240,500 PRN SOLE 0 0 0
AMAZON.COM INC 6.875% 2/10 BND CONV 023135AG1 7,877,955 128,750 PRN SOLE 0 0 0
AMERICA ONLINE INC DEL CON BND CONV 02364JAC8 15,256,800 300,000 PRN SOLE 0 0 0
AMERICAN TOWER CORP 6.25% BND CONV 029912AB8 8,060,323 47,500 PRN SOLE 0 0 0
AMERITRADE HLDG CORP 5.75% BND CONV 03072HAA7 1,475,540 20,000 PRN SOLE 0 0 0
AMERITRADE HLDG CORP 5.75% BND CONV 03072HAB5 368,885 5,000 PRN SOLE 0 0 0
ANALOG DEVICES 4.75% 144 BND CONV 032654AC9 7,178,780 70,000 PRN SOLE 0 0 0
APPLIED MAGNETICS 7% 3/06 BND CONV 038213AA2 0 121,960 PRN SOLE 0 0 0
ASIA PULP & PAPER (APP FIN BND CONV 00202NAA3 892,745 77,630 PRN SOLE 0 0 0
ASM LITHOGRAPHY HOLDINGS 1 BND CONV 00207EAB6 1,097,000 10,000 PRN SOLE 0 0 0
ASPEN TECHNOLOGY INC 5.25% BND CONV 045327AB9 3,827,792 36,500 PRN SOLE 0 0 0
ASSISTED LIVING 6% 11/01/0 BND CONV 04543LAD1 1,514,590 30,910 PRN SOLE 0 0 0
AT HOME CORP 12/18 BND CONV 045919AC1 3,706,709 85,410 PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAA9 909,610 10,000 PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAC5 454,805 5,000 PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AC4 7,701,775 40,050 PRN SOLE 0 0 0
BAAN CO NV 4.5% BND CONV 056072AB7 5,787,893 61,410 PRN SOLE 0 0 0
BAAN CO NV 4.5% REG S BND CONV 056072AB7 2,245,978 23,830 PRN SOLE 0 0 0
BANKATLANTIC BANCORP 6.75% BND CONV 065908AB1 1,091,475 12,500 PRN SOLE 0 0 0
BEA SYSTEMS INC 4% 12/06 BND CONV 073325AC6 36,369,358 153,990 PRN SOLE 0 0 0
BELL ATLANTIC 4.25% 9/05 R BND CONV 07785GAC4 10,681,610 95,000 PRN SOLE 0 0 0
BELL ATLANTIC FINANCIAL 5. BND CONV 07785GAB6 727,500 7,500 PRN SOLE 0 0 0
BELL ATLANTIC FINL 4.25% BND CONV 07785GAC4 29,166,417 259,400 PRN SOLE 0 0 0
BENCHMARK ELECTRONICS INC BND CONV 08160HAA9 4,038,104 28,000 PRN SOLE 0 0 0
BENCHMARK ELECTRONICS INC BND CONV 08160HAC5 2,884,360 20,000 PRN SOLE 0 0 0
CD RADIO INC 8.75% BND CONV 125127AJ9 14,380,380 71,190 PRN SOLE 0 0 0
CHECKFREE HOLDINGS CORP 14 BND CONV 162816AA0 3,110,688 35,050 PRN SOLE 0 0 0
CNET INC 5% 3/06 BND CONV 125945AC9 1,857,399 21,250 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AF5 982,300 25,850 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AG3 1,039,300 27,350 PRN SOLE 0 0 0
CONEXANT SYSTEMS INC 4.25% BND CONV 207142AA8 1,912,940 10,000 PRN SOLE 0 0 0
CONEXANT SYSTEMS INC 4.25% BND CONV 207142AB6 956,470 5,000 PRN SOLE 0 0 0
COR THERAPEUTICS 5% 3/07 BND CONV 217753AC6 19,738,300 100,000 PRN SOLE 0 0 0
CORE COMM LIMITED 6% 10/06 BND CONV 21869NAC9 1,520,860 31,000 PRN SOLE 0 0 0
COVAD COMM GROUP 6% 9/05 BND CONV 222814AN5 3,941,875 42,500 PRN SOLE 0 0 0
CRITICAL PATH INC 5.75% 14 BND CONV 22674VAA8 11,590,150 130,000 PRN SOLE 0 0 0
CURAGEN CORP CONVERT SUB BND CONV 23126RAC5 343,291 3,400 PRN SOLE 0 0 0
CURAGEN CORP CONVERT SUB 1 BND CONV 23126RAA9 5,238,220 51,880 PRN SOLE 0 0 0
DIGITAL ISLAND INC 2/05 6% BND CONV 25385NAA9 1,488,450 25,000 PRN SOLE 0 0 0
DOUBLECLICK INC 4.75% 3/06 BND CONV 258609AA4 4,209,930 43,500 PRN SOLE 0 0 0
DOUBLECLICK INC 4.75% 3/06 BND CONV 258609AC0 6,290,700 65,000 PRN SOLE 0 0 0
E TRADE GROUP INC 6% 144 BND CONV 269246AA2 6,444,760 70,000 PRN SOLE 0 0 0
EARTHWEB INC 7% 1/05 BND CONV 27032CAA6 292,103 7,500 PRN SOLE 0 0 0
ECHOSTAR COMMUNICATIONS 4. BND CONV 278762AB5 9,102,706 68,750 PRN SOLE 0 0 0
ECHOSTAR COMMUNICATIONS 4. BND CONV 278762AD1 3,310,075 25,000 PRN SOLE 0 0 0
EFFICIENT NETWORK 5% 3/05 BND CONV 282056aa8 1,286,600 20,000 PRN SOLE 0 0 0
EMCOR GROUP INC 5.75% BND CONV 29084QAC4 4,646,742 45,350 PRN SOLE 0 0 0
ETOYS INC 6.25% 12/04 144a BND CONV 297862AA2 465,000 10,000 PRN SOLE 0 0 0
EXODUS COMMUN INC 4.75% 7/ BND CONV 302088AJ8 9,628,188 62,500 PRN SOLE 0 0 0
GENERAL SEMICON 5.75% 12/0 BND CONV 370787AB9 1,464,570 15,000 PRN SOLE 0 0 0
GENZYME CORP 5.25% BND CONV 372917AF1 2,772,060 15,000 PRN SOLE 0 0 0
GILAT SATELLITE NETWORKS 4 BND CONV 375255AC0 8,111,950 107,500 PRN SOLE 0 0 0
GLOBAL TELESYSTEM GROUP 5. BND CONV 37936UAE4 5,024,875 164,750 PRN SOLE 0 0 0
HMT TECHNOLOGY CORP SUB NT BND CONV 403917AD9 2,200,000 55,000 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/01/0 BND CONV 43738EAB4 2,248,125 41,250 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/1/04 BND CONV 43738EAA6 1,090,000 20,000 PRN SOLE 0 0 0
HUMAN GENOME SCIENCES 3.7 BND CONV 444903AG3 1,210,938 12,500 PRN SOLE 0 0 0
HUMAN GENOME SCIENCES INC BND CONV 444903AF5 14,691,456 87,750 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY 6% BND CONV 448407AC0 3,651,236 40,330 PRN SOLE 0 0 0
HUTCHISON WHAMPO HUWHY 9/1 BND CONV 44841HAA1 4,160,975 41,300 PRN SOLE 0 0 0
IMCLONE SYSTEMS INC 5.5% 1 BND CONV 45245WAA7 3,685,620 30,000 PRN SOLE 0 0 0
INCYTE PHARMACEUTICALS INC BND CONV 45337CAA0 4,707,725 55,000 PRN SOLE 0 0 0
INGRAM MICRO INC 0% 6/9/18 BND CONV 457153AB0 12,281,250 327,500 PRN SOLE 0 0 0
INHALE THERAPEUTIC 5% 144A BND CONV 457191AD6 13,904,275 87,500 PRN SOLE 0 0 0
INTERNET CAPITAL GROUP 5.5 BND CONV 46059CAA4 2,721,550 50,000 PRN SOLE 0 0 0
INVITROGEN CORP 5.5% 3/07 BND CONV 46185RAA8 6,437,688 62,500 PRN SOLE 0 0 0
ITC DELTACOM IND 4.5% 5/15 BND CONV 45031TAK0 1,897,530 30,000 PRN SOLE 0 0 0
KELLSTROM INDS INC 6/03 5. BND CONV 488035AE6 294,793 6,700 PRN SOLE 0 0 0
KULICKE & SOFFA 4.75% 12/0 BND CONV 501242AE1 4,058,600 47,910 PRN SOLE 0 0 0
LAM RESEARCH 5% 9/1/02 BND CONV 512807AC2 4,174,920 40,000 PRN SOLE 0 0 0
LEVEL 3 COMMUNICATIONS INC BND CONV 52729NAG5 32,125,240 238,000 PRN SOLE 0 0 0
LIBERTY MEDIA 4% 11/15/29 BND CONV 530715AG6 947,500 10,000 PRN SOLE 0 0 0
LOEWS CORP 3.125% BND CONV 540424AL2 5,319,681 59,810 PRN SOLE 0 0 0
MAIL.COM INC 7% 2/05 144 BND CONV 560311AA0 2,850,496 60,080 PRN SOLE 0 0 0
MASCOTECH INC 4.5 12/03 BND CONV 574670AB1 1,425,000 20,000 PRN SOLE 0 0 0
MAY & SPEH 5.25% BND CONV 577777AA3 2,375,070 14,490 PRN SOLE 0 0 0
MERCURY INTERACT 4.75% 7/0 BND CONV 589405AA7 2,753,345 17,500 PRN SOLE 0 0 0
METAMOR WORLDWIDE 2 BND CONV 59133PAA8 6,352,560 124,560 PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS 4.75 BND CONV 65332VAR4 25,327,416 122,200 PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS INC BND CONV 65332VAT0 2,072,620 10,000 PRN SOLE 0 0 0
NTL INC 5.75% 12/09 BND CONV 62940TAA7 5,510,000 80,000 PRN SOLE 0 0 0
NTL INC 5.75% 12/09 144a BND CONV 629407AN7 22,674,339 329,210 PRN SOLE 0 0 0
NTL INC 7% BND CONV 629407AL1 23,965,403 181,350 PRN SOLE 0 0 0
ONLINE RESOURCES 8% 144 BND CONV 68273GAA9 300,000 3,000 PRN SOLE 0 0 0
PERKINELMER INC 0% 8/07/03 BND CONV 714046AA7 9,209,938 135,160 PRN SOLE 0 0 0
PETSMART INC 6.75% 11/1/20 BND CONV 716768AB2 4,194,806 52,820 PRN SOLE 0 0 0
PHOENIX INVT PARTNERS 6%11 BND CONV 719085AA0 4,480,347 23,240 PRN SOLE 0 0 0
PREMIERE TECH INC 5.7 BND CONV 74058FAC6 719,400 11,990 PRN SOLE 0 0 0
PRIMUS TELECOMMUN 5.75% BND CONV 741929al7 702,000 18,000 PRN SOLE 0 0 0
PRIMUS TELECOMMUN 5.75% 14 BND CONV 741929AK9 2,242,500 57,500 PRN SOLE 0 0 0
PROVIDIAN FIN 3.25% 8/05 BND CONV 74406AAA0 2,798,750 25,000 PRN SOLE 0 0 0
PROVIDIAN FIN 3.25% 8/05 - BND CONV 74406AAA0 5,317,625 47,500 PRN SOLE 0 0 0
RADISYS CORP 5.5% 8/07 144 BND CONV 750459AA7 5,324,275 55,000 PRN SOLE 0 0 0
READ RITE CORP 10% 9/04 BND CONV 755246AB1 21,361,350 83,770 PRN SOLE 0 0 0
REDBACK NETWORKS INC 5% 14 BND CONV 757209AA9 10,503,392 94,500 PRN SOLE 0 0 0
REPTRON ELEC 6.75% 8/04 BND CONV 76026WAA7 1,563,420 20,000 PRN SOLE 0 0 0
RES-CARE INC CONV SUB NOTE BND CONV 760943AC4 337,500 7,500 PRN SOLE 0 0 0
RF MICRO DEIVICES 3.75% 8/ BND CONV 749941AA8 3,928,998 42,500 PRN SOLE 0 0 0
S3 INC SUB NOTE CONV 5.75 BND CONV 784849AC5 751,283 8,300 PRN SOLE 0 0 0
SANMINA CORP 0% 9/12/20 14 BND CONV 800907AC1 10,627,380 255,000 PRN SOLE 0 0 0
SCANDIV BROADCAS BND CONV 805906AC8 1,403,080 10,000 PRN SOLE 0 0 0
SEPRACOR INC 5% 144A BND CONV 817315AJ3 4,123,790 27,500 PRN SOLE 0 0 0
SIGNATURE RESORTS BND CONV 82668BAA4 94,100 47,050 PRN SOLE 0 0 0
SIGNATURE RESORTS BND CONV 82668BAF3 324,900 10,830 PRN SOLE 0 0 0
SIMULA INC 8% 5/1/04 BND CONV 829206AB7 385,435 10,900 PRN SOLE 0 0 0
SPORTSLINE USA INC 5% BND CONV 848934AC9 2,071,534 31,640 PRN SOLE 0 0 0
STANDARD MOTOR PRODUCTS 6. BND CONV 853666AB1 675,000 12,500 PRN SOLE 0 0 0
SUNBEAM CORP DEL NEW 0% BND CONV 867071AD4 150,000 20,000 PRN SOLE 0 0 0
TELEFONOS DE MEXICO 4.25% BND CONV 879403AD5 16,405,654 131,000 PRN SOLE 0 0 0
TEL-SAVE HOLDING 4.5% BND CONV 879176AC9 1,971,935 35,000 PRN SOLE 0 0 0
TEL-SAVE HOLDING 5% BND CONV 879176AF2 1,288,602 24,500 PRN SOLE 0 0 0
TRANS WORLD AIRLINES 12% BND CONV 893349BG4 3,048,500 45,500 PRN SOLE 0 0 0
TRANSOCEAN SECDCO FOREX 0% BND CONV 893830AA7 5,859,744 93,000 PRN SOLE 0 0 0
TRIKON TECH INC CONV 7.125 BND CONV 72753MAA7 522,500 5,500 PRN SOLE 0 0 0
USINTERNETWORKING INC 7% BND CONV 917311AH5 3,785,460 60,000 PRN SOLE 0 0 0
VENTRO CORP 6% 4/1/07 BND CONV 922815AA3 1,212,400 40,000 PRN SOLE 0 0 0
VENTRO CORPORATION 6% 4/07 BND CONV 922815AA3 227,325 7,500 PRN SOLE 0 0 0
VERITAS SOFTWARE 5.25% 11/ BND CONV 923436AB5177,459,020 119,180 PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAC5 7,317,274 102,950 PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% 144a BND CONV 98141AAA9 1,016,387 14,300 PRN SOLE 0 0 0
WORLD COLOR PRESS 6% 10/07 BND CONV 981443AA2 3,729,146 36,250 PRN SOLE 0 0 0
ADVANTA CORP-CL B NON-VTG COM 7942204 1,075,426 132,100 SH SOLE 132,10 0 0
ALBERTO CULVER CO-CL A COM 13068200 1,275,406 50,888 SH SOLE 50,888 0 0
ALLIED RISER COMMUN CP COM 019496108 194,113 29,300 SH SOLE 29,300 0 0
ALTERNATIVE TECHNOLOGY COM 02145H104 126,563 37,500 SH SOLE 37,500 0 0
AMBASE CORP COM 23164106 14,800 20,000 SH SOLE 20,000 0 0
AMERICAN COMMUNITIES PPTYS COM 02520N106 44,944 10,575 SH SOLE 10,575 0 0
ARDEN REALTY GROUP INC COM 39793104 357,954 13,350 SH SOLE 13,350 0 0
ARIES VENTURES INC COM 40373102 696 13,926 SH SOLE 13,926 0 0
AT&T COM 1957109 8,292,768 282,307 SH SOLE 282,30 0 0
AUTOWEB.COM INC COM 53331104 22,378 16,650 SH SOLE 16,650 0 0
BANCO GANADERO SA-SPONSORE COM 59594408 108,206 29,850 SH SOLE 29,850 0 0
BRISTOL MEYERS COM 110122108 3,250,413 56,900 SH SOLE 56,900 0 0
CAPITOL FEDERAL FINANCIAL COM 14057C106 182,813 12,500 SH SOLE 12,500 0 0
CATERPILLAR INC COM 149123101 4,259,250 126,200 SH SOLE 126,20 0 0
CHASE MANHATTEN CORP COM 16161AI08 10,085,150 218,350 SH SOLE 218,35 0 0
CISCO SYSTEMS INC COM 17275R102 1,806,344 32,694 SH SOLE 32,694 0 0
COMPLETE MANAGEMENT INC COM 20452C104 263 52,500 SH SOLE 52,500 0 0
DELL COMPUTER CORP COM 247025109 588,528 19,100 SH SOLE 19,100 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873K208 69,244 61,550 SH SOLE 61,550 0 0
DIGEX INC COM 253756100 843,750 18,000 SH SOLE 18,000 0 0
DIRECT INSITE CORP COM 25457C108 209,840 305,000 SH SOLE 305,00 0 0
DOMINION BRIDGE CORP COM 257192104 0 25,000 SH SOLE 25,000 0 0
DRESDNER RCM GLOBAL STRATE COM 26157B101 146,653 22,562 SH SOLE 22,562 0 0
EASTMAN KODAK CO COM 277461109 3,380,363 82,700 SH SOLE 82,700 0 0
ECHOSTAR COMMUNICATIONS CO COM 278762109 527,500 10,000 SH SOLE 10,000 0 0
EDGEWATER TECHNOLOGY INC COM 280358102 645,356 122,925 SH SOLE 122,92 0 0
E-MEDSOFT.COM COM 26873Q101 30,844 11,750 SH SOLE 11,750 0 0
ENVIRONMENTAL REMEDIATION COM 29406V100 0 106,696 SH SOLE 106,69 0 0
FIRST AUSTRALIA PRIME INCO COM 318653102 421,000 100,000 SH SOLE 100,00 0 0
FIRSTPLUS FINANCIAL GROUP COM 33763B103 2,752 17,200 SH SOLE 17,200 0 0
FLOWERS INDUSTRIES INC COM 343496105 1,463,787 75,066 SH SOLE 75,066 0 0
FORD MOTOR CO COM 345370100 2,880,619 113,800 SH SOLE 113,80 0 0
FREEPORT MCMORAN COPPER CL COM 35671D105 127,875 15,500 SH SOLE 15,500 0 0
GENERAL MILLS INC COM 370334104 3,195,000 90,000 SH SOLE 90,000 0 0
GENERAL MOTORS CORP COM 370442105 3,987,685 61,349 SH SOLE 61,349 0 0
GENL ELECTRIC COM 369604103 432,660 7,500 SH SOLE 7,500 0 0
GEORGIA PACIFIC CORP COM 373298108 2,613,200 111,200 SH SOLE 111,20 0 0
GEORGIA PACIFIC CORP (TIMB COM 373298702 2,762,750 102,800 SH SOLE 102,80 0 0
GOLDEN BOOKS FAMILY ENTMT COM 380804203 0 34,155 SH SOLE 34,155 0 0
GRUPO SIDEK SA DE CV A COM 400490108 14 13,800 SH SOLE 13,800 0 0
GRUPO SIDEK SA DE CV B COM 400490306 0 143,000 SH SOLE 143,00 0 0
GULF CANADA RESOURCES LTD COM 40218L305 86,269 16,050 SH SOLE 16,050 0 0
HERCULES INC COM 427056106 214,700 15,200 SH SOLE 15,200 0 0
HUNTINGDON LIFE SCIENCES COM 445891203 33,750 18,000 SH SOLE 18,000 0 0
IBM CORP COM 459200101 6,862,500 61,000 SH SOLE 61,000 0 0
IMMULOGIC PHARMACEUTICAL C COM 45252R100 2,200 13,750 SH SOLE 13,750 0 0
INSIGNIA SYSTEMS INC COM 45765Y105 365,180 47,500 SH SOLE 47,500 0 0
INTEL CORP COM 458140100 1,232,100 29,600 SH SOLE 29,600 0 0
INTL PAPER COM 460146103 3,439,691 119,900 SH SOLE 119,90 0 0
ISTAR FINC INC COM 85569R104 978,252 43,598 SH SOLE 43,598 0 0
JOHN Q HAMMONS HOTELS INC- COM 408623106 97,500 15,000 SH SOLE 15,000 0 0
JOHNSON & JOHNSON COM 478160104 281,814 3,000 SH SOLE 3,000 0 0
KERR MCGEE CORP COM 492386305 3,589,127 65,800 SH SOLE 65,800 0 0
LANIER WORLDWIDE INC COM 51589L105 42,850 42,850 SH SOLE 42,850 0 0
LORAL CORP COM 543859102 91,875 15,000 SH SOLE 15,000 0 0
LUCENT TECHNOLOGIES INC COM 549463107 3,612,547 118,200 SH SOLE 118,20 0 0
MERITOR SAVINGS BANK-PA COM 590007100 20,500 12,500 SH SOLE 12,500 0 0
MICROSOFT CORP COM 594918104 3,048,650 50,600 SH SOLE 50,600 0 0
MIPS TECHNOLOGIES INC CL B COM 604567206 1,212,750 31,500 SH SOLE 31,500 0 0
MODIS PROFESSIONAL SVCS IN COM 607830106 177,689 34,250 SH SOLE 34,250 0 0
MOLEX INC-CL A COM 608554200 5,813,751 140,300 SH SOLE 140,30 0 0
MOTOROLA COM 620076109 887,728 31,424 SH SOLE 31,424 0 0
NABISCO GROUP HLDG CORP COM 62952P102 920,550 32,300 SH SOLE 32,300 0 0
NABISCO HOLDINGS CORP-CL A COM 62952P102 1,902,750 35,400 SH SOLE 35,400 0 0
NEOTHERAPEUTICS INC COM 640656104 261,075 35,400 SH SOLE 35,400 0 0
NETWORK EQUIPMENT TECHNOLO COM 641208103 106,880 10,000 SH SOLE 10,000 0 0
NTL INC COM 629407107 606,700 13,100 SH SOLE 13,100 0 0
PALM INC COM 696642107 1,217,733 23,003 SH SOLE 23,003 0 0
RECKSON ASSOCS RLTY CL B COM 75621K304 708,975 27,400 SH SOLE 27,400 0 0
RESOURCE VENTURES INC COM 76122N102 0 13,926 SH SOLE 13,926 0 0
RISCORP INC-CL A COM 767597982 0 94,500 SH SOLE 94,500 0 0
SEAGATE TECHNOLOGY INC COM 811804103 22,376,907 324,303 SH SOLE 324,30 0 0
SEMI-TECH CORP-CL A SUB-VT COM 8.17E+112 0 560,000 SH SOLE 560,00 0 0
SILICON GRAPHICS INC COM 827056102 692,588 167,900 SH SOLE 167,90 0 0
SOURCE MEDIA INC NEW COM 836153304 169,581 31,550 SH SOLE 31,550 0 0
SPRINT CORP COM 852061100 278,474 9,500 SH SOLE 9,500 0 0
STAR TELECOMMUNICATIONS IN COM 854923109 100,672 50,336 SH SOLE 50,336 0 0
TELEPHONE & DATA SYSTEMS I COM 879433100 7,746,233 69,975 SH SOLE 69,975 0 0
THERMO FIBERGEN INC COM 88355U109 9,697,103 787,550 SH SOLE 787,55 0 0
TIME WARNER INC (HOLDING C COM 887315109 3,386,347 43,276 SH SOLE 43,276 0 0
TREMONT CORP-DEL NEW COM 894745207 341,825 12,100 SH SOLE 12,100 0 0
TRI VALLEY CORP COM 895735108 51,575 25,000 SH SOLE 25,000 0 0
USA DETERGENTS INC COM 902938109 146,489 45,950 SH SOLE 45,950 0 0
VENTAS INC COM 92276F100 517,000 103,400 SH SOLE 103,40 0 0
VISTEON CORP COM 922602107 250,939 16,591 SH SOLE 16,591 0 0
WACKENHUT CORP COM SER A COM 929794105 688,713 46,300 SH SOLE 46,300 0 0
WACKENHUT CORP-SER B COM 929794303 1,302,469 157,875 SH SOLE 157,87 0 0
WORLDCOM INC COM 98155K102 3,575,138 117,700 SH SOLE 117,70 0 0
ZIFF-DAVIS INC COM 989511100 188,281 23,173 SH SOLE 23,173 0 0
AMAZON COM JAN 53.375 CALL CALL 73299W9A6 67,500 20,000 SH CALL SOLE 0 0 0
AMAZON COM JAN 55 CALL CALL 73299W9A6 31,250 10,000 SH CALL SOLE 0 0 0
AMER INTL GP NOV 76.625 CA CALL 0J499W9K4 294,375 10,000 SH CALL SOLE 0 0 0
AMER INTL GP NOV 80 CALL A CALL 0J499W9K4 1,209,375 50,000 SH CALL SOLE 0 0 0
AMERICAN POWER DEC 35 CALL CALL 0290669L3 5,000 20,000 SH CALL SOLE 0 0 0
APPLE COMPUTERS JAN 52.5 C CALL 0378339A0 10,488 24,000 SH CALL SOLE 0 0 0
APPLE COMPUTERS JAN 60 CALL 11099W9A8 6,250 25,000 SH CALL SOLE 0 0 0
APPLIED MAT OCT 100 CALL CALL 42599W9J9 3,100 50,000 SH CALL SOLE 0 0 0
AT&T CORP JAN 35 CALL CALL 03017A9A2 306,250 70,000 SH CALL SOLE 0 0 0
AT&T CP-LIB OCT 22.5 CAL CALL 22399W9J3 3,100 50,000 SH CALL SOLE 0 0 0
BOEING CO JAN 45 CALL CALL 0970239A5 962,500 50,000 SH CALL SOLE 0 0 0
BOEING CO JAN 60 CALL CALL 0970239A5 427,500 60,000 SH CALL SOLE 0 0 0
BOEING CO NOV 40 CALL CALL 0970239K3 1,175,000 50,000 SH CALL SOLE 0 0 0
BOEING CO NOV 45 CALL CALL 0970239K3 372,500 20,000 SH CALL SOLE 0 0 0
BOEING CO NOV 50 CALL CALL 0970239K3 275,000 20,000 SH CALL SOLE 0 0 0
BOEING CO NOV 60 CALL CALL 0970239K3 161,250 30,000 SH CALL SOLE 0 0 0
CHARLES SCHWAB MAR 42.5 CA CALL 8085139C1 109,375 35,000 SH CALL SOLE 0 0 0
CHASE MNHATN DEC 60 CALL A CALL 16161A9L4 23,438 50,000 SH CALL SOLE 0 0 0
CHASE MNHATN JAN 50 CALL A CALL 1F199W9A6 80,600 20,000 SH CALL SOLE 0 0 0
CHASE MNHATN JAN 66.625 AD CALL 1F199W9A6 21,094 75,000 SH CALL SOLE 0 0 0
CISCO SYSTEM OCT 72.5 CALL CALL 45999W9J8 6,250 50,000 SH CALL SOLE 0 0 0
CISCO SYSTEM OCT 77.5 CALL CALL 45999W9J8 6,200 100,000 SH CALL SOLE 0 0 0
CISCO SYSTEM OCT 80 CALL CALL 45999W9J8 4,340 70,000 SH CALL SOLE 0 0 0
CISCO SYSTEM OCT 85 CALL CALL 45999W9J8 1,240 20,000 SH CALL SOLE 0 0 0
CITIGROUP DEC 48.75 CALL A CALL 1F699W9L7 448,875 50,000 SH CALL SOLE 0 0 0
CITIGROUP DEC 63.75 CALL A CALL 1F699W9L7 53,530 46,000 SH CALL SOLE 0 0 0
CITIGROUP JAN 52.5 CALL AD CALL 1F699W9A1 156,275 20,000 SH CALL SOLE 0 0 0
CORNING INC JAN 100 CALL CALL 2193509A5 4,000,000 20,000 SH CALL SOLE 0 0 0
EASTMAN KODAK OCT 65 CALL CALL 2774619J0 6,200 100,000 SH CALL SOLE 0 0 0
EASTMAN KODK APR 55 CALL CALL 2774619D3 89,320 110,000 SH CALL SOLE 0 0 0
EASTMAN KODK JAN 40 CALL 0 CALL 2774659A0 812,500 130,000 SH CALL SOLE 0 0 0
EASTMAN KODK JAN 60 CALL CALL 2774619A9 12,500 50,000 SH CALL SOLE 0 0 0
EDGEWATER OCT 7.5 CALL CALL 8523899J6 3,438 27,500 SH CALL SOLE 0 0 0
ELAN CP PLC OCT 45 CALL CALL 2841319J0 390,000 40,000 SH CALL SOLE 0 0 0
FORD MOTOR CO DEC 45 CALL CALL 3453709L6 106,250 50,000 SH CALL SOLE 0 0 0
GENL ELEC DEC 060 CALL CALL 52999W9L9 110,250 42,000 SH CALL SOLE 0 0 0
GENL ELEC DEC 065 CALL CALL 52999W9L9 39,375 45,000 SH CALL SOLE 0 0 0
GENL ELEC OCT 60 CALL CALL 52999W9J4 29,703 31,700 SH CALL SOLE 0 0 0
GENL ELECT JAN 50 CALL 02 CALL 3696089A4 743,750 50,000 SH CALL SOLE 0 0 0
GEORGIA PAC GROUP JAN 30 0 CALL 3733009A2 56,240 20,000 SH CALL SOLE 0 0 0
GEORGIA PAC GROUP JAN 30 C CALL 3732989A8 18,740 20,000 SH CALL SOLE 0 0 0
GEORGIA PAC GROUP JAN 35 C CALL 3733009A2 93,750 50,000 SH CALL SOLE 0 0 0
GEORGIA PAC GROUP JAN 40 C CALL 3733009A2 53,100 50,000 SH CALL SOLE 0 0 0
GILLETTE CO JAN 35 CALL CALL 3757669A2 15,625 12,500 SH CALL SOLE 0 0 0
GLOBAL CROSSING JAN 40 CAL CALL 37934P9A7 87,500 12,500 SH CALL SOLE 0 0 0
GLOBAL CROSSING JAN 45 CAL CALL 37934P9A7 90,000 15,000 SH CALL SOLE 0 0 0
HOME DEPOT JAN 60 CALL CALL 4370769A2 105,000 40,000 SH CALL SOLE 0 0 0
HOUSEHOLD IN OCT 40 CALL CALL 4418159J8 327,500 20,000 SH CALL SOLE 0 0 0
IBM JAN 130 CALL 02 CALL 4502049A2 315,000 20,000 SH CALL SOLE 0 0 0
INTEL CORP JAN 45 CALL 02 CALL 45814G9A5 390,000 40,000 SH CALL SOLE 0 0 0
INTEL CORP JAN 62.5 CALL CALL 4581409A0 26,250 35,000 SH CALL SOLE 0 0 0
INTERMAGNET OCT 17.5 CALL CALL 4587719J3 90,100 10,000 SH CALL SOLE 0 0 0
INTERMEDIA C DEC 32.5 CALL CALL 4588019L3 45,300 25,000 SH CALL SOLE 0 0 0
INTERMEDIA C MAR 35 CALL CALL 4588019C3 35,625 15,000 SH CALL SOLE 0 0 0
INTL PAPER OCT 35 CALL CALL 4601469J4 3,125 25,000 SH CALL SOLE 0 0 0
JOHNSON & JOHNSON OCT 85 C CALL 4781609J5 197,500 20,000 SH CALL SOLE 0 0 0
LUCENT OCT 70 CALL CALL 5494639J8 3,100 50,000 SH CALL SOLE 0 0 0
LUCENT TECH JAN 30 CALL 02 CALL 5494669A0 450,000 50,000 SH CALL SOLE 0 0 0
MCDONALDS JAN 40 CALL CALL 5801359A1 18,700 100,000 SH CALL SOLE 0 0 0
MCDONALDS OCT 32.5 CALL CALL 5801359J2 25,000 100,000 SH CALL SOLE 0 0 0
MERCK & CO APR 70 CALL CALL 5893319D1 531,250 50,000 SH CALL SOLE 0 0 0
MERRIL LYNCH NOV 75 CALL CALL 5E699W9K8 57,480 40,000 SH CALL SOLE 0 0 0
MERRIL LYNCH OCT 80 CALL CALL 5E699W9J1 15,000 120,000 SH CALL SOLE 0 0 0
MERRILL LYNCH OCT 65 CALL CALL 5901889J9 75,000 20,000 SH CALL SOLE 0 0 0
MOTOROLA INC OCT 33.375 CA CALL 6200769J0 11,240 20,000 SH SOLE 0 0 0
MPOWER COMM APR 12.5 CALL CALL 62473J9D0 60,925 25,000 SH SOLE 0 0 0
NABISCO GRP DEC 15 CALL CALL 62952P9L8 295,313 22,500 SH SOLE 0 0 0
NEXTEL COMMUN JAN 55 CALL CALL 6529019A9 268,750 25,000 SH SOLE 0 0 0
NORTEL NTWRK MAR 95 CALL CALL 51899W9C2 138,750 60,000 SH SOLE 0 0 0
NORTEL NTWRK OCT 80 CALL CALL 51899W9J7 3,120 10,000 SH SOLE 0 0 0
NTL INC MAR 60 CALL CALL 6294079C3 53,125 12,500 SH SOLE 0 0 0
ORACLE CORP JAN 95 CALL CALL 64599W9A2 212,500 50,000 SH SOLE 0 0 0
PROCT&GAMBLE JAN 60 CALL CALL 7427189A9 950,000 100,000 SH SOLE 0 0 0
RADIOSHACK JAN 80 CALL CALL 7504389A3 156,250 50,000 SH SOLE 0 0 0
READ RITE JAN 12.5 CALL CALL 7552469A5 41,240 20,000 SH SOLE 0 0 0
READ RITE JAN 15 CALL CALL 7552469A5 62,563 45,500 SH SOLE 0 0 0
SEAGATE TECH OCT 70 CALL CALL 8118049J4 180,000 45,000 SH SOLE 0 0 0
SILICON GRPH OCT 5 CALL CALL 8270569J3 4,688 37,500 SH SOLE 0 0 0
SPRINT CORP JAN 27.5 CALL CALL 77899W9A1 350,000 40,000 SH SOLE 0 0 0
SPRINT CORP JAN 30 CALL CALL 77899W9A1 71,250 10,000 SH SOLE 0 0 0
SPRINT CORP JAN 40 CALL CALL 77899W9A1 50,864 22,000 SH SOLE 0 0 0
SUN MICROSYSTEM OCT 120 CA CALL 88099W9J7 131,250 25,000 SH SOLE 0 0 0
SUN MICROSYSTEM OCT 130 CA CALL 88099W9J7 20,000 10,000 SH SOLE 0 0 0
SUN MICROSYSTEM OCT 135 CA CALL 88099W9J7 35,000 35,000 SH SOLE 0 0 0
TCF FINANCIAL CORP OCT 30 CALL 8722759J3 152,500 20,000 SH SOLE 0 0 0
TELLABS INC DEC 80 CALL CALL 8796649L6 6,250 25,000 SH SOLE 0 0 0
TEXAS INSTR JAN 35 CALL CALL 8825089A4 1,450,000 100,000 SH SOLE 0 0 0
TEXAS INSTRS JAN 40 CALL 0 CALL 88251J9A9 2,720,000 160,000 SH SOLE 0 0 0
TEXAS INSTRS JAN 50 CALL 0 CALL 88251J9A9 650,000 50,000 SH SOLE 0 0 0
TEXAS INSTRS JAN 60 CALL CALL 8825089A4 187,500 60,000 SH SOLE 0 0 0
TRANS WORLD JAN 15 CALL CALL 8933499A0 2,500 50,000 SH SOLE 0 0 0
WILLIAMS CO JAN 50 CALL CALL 9694579A0 82,000 62,500 SH SOLE 0 0 0
WORLDCOM INC NOV 30 CALL CALL 98157D9K4 43,125 15,000 SH SOLE 0 0 0
ADELPHIA COMMUNICATIONS PF PFD CONV 6848402 16,006,393 155,500 SH SOLE 155,50 0 0
AES TR III 6.75% PFD CONV 00808N202 5,209,450 50,000 SH SOLE 50,000 0 0
AMDOCS AUTOMATIC COM EXCHA PFD CONV 02342R202 4,649,280 87,000 SH SOLE 87,000 0 0
APARTMENT INVT & MGMT CO P PFD CONV 03748R705 8,393,000 305,200 SH SOLE 305,20 0 0
AVADO FINANCING I TERM SEC PFD CONV 37856309 908,075 129,725 SH SOLE 129,72 0 0
BANCO GANADERO SA-SPONSORE PFD CONV 59594507 449,138 123,900 SH SOLE 123,90 0 0
BETHLEHEM STEEL CORP PFRD PFD CONV 87509501 1,278,656 88,950 SH SOLE 88,950 0 0
BOLDER TECHNOLOGIES CORP P PFD CONV 97519201 333,466 16,250 SH SOLE 16,250 0 0
CALPINE CAP TR II PFD CONV PFD CONV 13134E309 5,377,800 50,000 SH SOLE 50,000 0 0
CANADIAN NATIONAL RAILWAY PFD CONV 136375409 1,468,163 32,900 SH SOLE 32,900 0 0
CAREMARK RX CAP TR I PFD CONV 14170K209 830,920 10,000 SH SOLE 10,000 0 0
CELLNET FUNDING LLC PFD CONV 150945202 0 15,000 SH SOLE 15,000 0 0
CENTRAL PARKING FIN TR 5.2 PFD CONV 154787303 413,986 31,850 SH SOLE 31,850 0 0
CEPHALON CONV EXCH PFRD PFD CONV 156708406 9,285,638 67,500 SH SOLE 67,500 0 0
CHIQUITA BRANDS INTERNATIO PFD CONV 170032502 1,111,738 63,300 SH SOLE 63,300 0 0
CHIQUITA BRANDS INTL PRD A PFD CONV 170032403 949,906 67,250 SH SOLE 67,250 0 0
CRAIG CORP-CL A PREF PFD CONV 224174201 145,800 48,600 SH SOLE 48,600 0 0
CROWN CASTLE DEC TR V PFD CONV 24366F203 3,379,238 121,250 SH SOLE 121,25 0 0
CROWN CASTLE INT 6.25% PFR PFD CONV 228227401 4,065,440 80,000 SH SOLE 80,000 0 0
CROWN CASTLE INT 6.25% PFR PFD CONV 228227401 2,032,720 40,000 SH SOLE 40,000 0 0
EMMIS BROADCASTING CORP PFD CONV 291525202 1,544,963 37,500 SH SOLE 37,500 0 0
ENTERCOM COMMUN CORP TR 6. PFD CONV 29363P104 1,067,100 25,000 SH SOLE 25,000 0 0
EQUITY OFFICE PROPERTIES P PFD CONV 294741509 2,300,000 50,000 SH SOLE 50,000 0 0
ESTEE LAUDER AUTOMATIC COM PFD CONV 518437207 3,794,720 58,700 SH SOLE 58,700 0 0
FEDERAL MOGUL FINANCING TR PFD CONV 313552200 1,062,450 118,050 SH SOLE 118,05 0 0
FEDERAL MOGUL FINANCING TR PFD CONV 313552408 787,500 87,500 SH SOLE 87,500 0 0
FIRST UNION REAL ESTATE EQ PFD CONV 337400303 1,228,939 55,800 SH SOLE 55,800 0 0
FREEPORT MCMORAN COPPER & PFD CONV 35671D501 1,096,250 87,700 SH SOLE 87,700 0 0
FRONTIER INSURANCE 6.25% P PFD CONV 35907U301 75,000 25,000 SH SOLE 25,000 0 0
GENERAL GROWTH PPTYS INCPF PFD CONV 370021206 1,785,690 80,480 SH SOLE 80,480 0 0
GEORGIA PACIFIC 7.5% PFRD PFD CONV 373298801 663,378 22,600 SH SOLE 22,600 0 0
GLOBAL CROSSING LTD 7% PFR PFD CONV 37932J301 1,589,072 8,000 SH SOLE 8,000 0 0
GLOBAL CROSSING LTD 7% PFR PFD CONV 37932J301 10,170,061 51,200 SH SOLE 51,200 0 0
GLOBAL TELESYSTEMS GROUP I PFD CONV 37936U609 1,125,000 100,000 SH SOLE 100,00 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U401 1,518,750 135,000 SH SOLE 135,00 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U609 1,884,375 167,500 SH SOLE 167,50 0 0
GLOBALSTAR TELECOMMUN PFRD PFD CONV 379364870 755,055 42,300 SH SOLE 42,300 0 0
HERBALIFE DEC TRUST III PFD CONV 243665205 4,604,650 497,800 SH SOLE 497,80 0 0
HERCULES TR II PFD CONV 427098306 5,748,600 10,050 SH SOLE 10,050 0 0
HOST MARRIOTT FINANCIAL TR PFD CONV 441079407 4,909,145 129,700 SH SOLE 129,70 0 0
MERRILL LYNCH 6 PFD CONV 590188751 1,075,201 69,850 SH SOLE 69,850 0 0
INGERSOLL-RAND CO/INGERSOL PFD CONV 456867209 667,800 37,100 SH SOLE 37,100 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801834 10,653,000 402,000 SH SOLE 402,00 0 0
INTERMEDIA COMM PFRD E 144 PFD CONV 458801867 2,302,850 86,900 SH SOLE 86,900 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801792 16,750,219 732,250 SH SOLE 732,25 0 0
INTERMEDIA COMM PFRD F 144 PFD CONV 458801826 2,928,000 128,000 SH SOLE 128,00 0 0
IT GROUP INC DEP SHARES PFD CONV 460465305 282,865 16,700 SH SOLE 16,700 0 0
K MART FINANCING TRUST PFD CONV 498778208 7,865,030 254,400 SH SOLE 254,40 0 0
KEMPER HIGH INCOME TRUST-S PFD CONV 48841G106 1,055,194 126,933 SH SOLE 126,93 0 0
KIMCO REALTY CORP 7.50% CV PFD CONV 49446R877 1,650,575 64,100 SH SOLE 64,100 0 0
LINCOLN NATIONAL CORP 7.25 PFD CONV 534187604 1,181,949 48,700 SH SOLE 48,700 0 0
LORAL SPACE & COMMS LTD SE PFD CONV 543885602 414,525 18,750 SH SOLE 18,750 0 0
LTV CORP NEW PFRD PFD CONV 501921209 932,588 32,500 SH SOLE 32,500 0 0
MAXTOR DECS TRUST IV PFD CONV 243664208 2,849,724 273,250 SH SOLE 273,25 0 0
MCLEODUSA INC PFRD PFD CONV 582266201 26,040,375 65,925 SH SOLE 65,925 0 0
MEDIAONE GROUP INC (PIES) PFD CONV 58440J500 4,977,727 132,200 SH SOLE 132,20 0 0
METLIFE INC PFRD 8% PFD CONV 59156R207 8,378,000 100,000 SH SOLE 100,00 0 0
MPOWER COMMUNICATIONS PFRD PFD CONV 552763500 5,762,604 363,663 SH SOLE 363,66 0 0
NATIONAL AUSTRALIA BANK 7. PFD CONV 632525309 5,792,880 228,850 SH SOLE 228,85 0 0
NBCI AUTOMATIC COM EXCH SE PFD CONV 62873C206 377,775 20,700 SH SOLE 20,700 0 0
NETWORK PLUS CORP PFRD 7.5 PFD CONV 64122D605 1,681,875 97,500 SH SOLE 97,500 0 0
NEWFIELD FINL TR I PFD CONV 651291205 884,488 12,500 SH SOLE 12,500 0 0
OMNIPOINT CORP DEPOSITARY PFD CONV 68212D607 29,079,294 173,500 SH SOLE 173,50 0 0
OWENS CORNING CAPITAL LLC PFD CONV 690733209 147,368 17,500 SH SOLE 17,500 0 0
OWENS ILLINOIS INC 4.75% P PFD CONV 690768502 3,571,400 200,000 SH SOLE 200,00 0 0
PEGASUS COMMUNICATIONS PFR PFD CONV 705904407 8,950,000 100,000 SH SOLE 100,00 0 0
PHILADELPHIA CONSOLIDATED PFD CONV 717528301 1,658,300 175,000 SH SOLE 175,00 0 0
PIONEER STANDARD ELECTRO 6 PFD CONV 723879300 2,070,354 41,800 SH SOLE 41,800 0 0
PRICE ENTERPRISES INC 8.75 PFD CONV 741444301 566,957 38,600 SH SOLE 38,600 0 0
PSINET INC PFD 7% SER D - PFD CONV 74437C507 1,477,575 89,550 SH SOLE 89,550 0 0
PSINET INC PFRD D 144A PFD CONV 74437C408 8,138,625 493,250 SH SOLE 493,25 0 0
RADIO ONE INC PFD CONV TER PFD CONV 75040P504 6,044,056 10,250 SH SOLE 10,250 0 0
RECKSON ASSOCIATES REALTY PFD CONV 75621K205 965,388 41,300 SH SOLE 41,300 0 0
ROUSE CO-CONV PFD SER B PFD CONV 779273309 3,374,998 94,250 SH SOLE 94,250 0 0
SEAGRAM LTD 7.5% PFRD PFD CONV 811850205 6,213,945 118,700 SH SOLE 118,70 0 0
SEALED AIR CORP NEW-$2 CON PFD CONV 81211K209 1,382,045 30,625 SH SOLE 30,625 0 0
SEI TRUST 6.25% (SOUTHERN PFD CONV 78411Y104 994,695 15,000 SH SOLE 15,000 0 0
SENSORMATIC ELECTRONICS PF PFD CONV 817265200 1,390,459 62,400 SH SOLE 62,400 0 0
SENSORMATIC ELECTRONICS PF PFD CONV 817265804 1,671,225 75,000 SH SOLE 75,000 0 0
SINCLAIR BROADCAST PFRD SE PFD CONV 829226505 1,355,547 43,500 SH SOLE 43,500 0 0
SMURFIT-STONE CONTAINER CO PFD CONV 861589307 3,212,755 153,500 SH SOLE 153,50 0 0
SNYDER STRYPES TRUST-6.50% PFD CONV 833502107 6,889,725 311,400 SH SOLE 311,40 0 0
SOUTHWEST SEC PFRD 5% PFD CONV 845224203 363,730 10,000 SH SOLE 10,000 0 0
SOVEREIGN BANCORP INC PFRD PFD CONV 845905306 11,371,356 199,950 SH SOLE 199,95 0 0
SUIZA CAPITAL TRUST II PFD CONV 86507G408 3,001,650 75,000 SH SOLE 75,000 0 0
SUN HEALTH FINANCING TR 7% PFD CONV 866749203 0 160,000 SH SOLE 160,00 0 0
SUPERIOR TR I PFD CONV 8.5 PFD CONV 86836P202 3,267,264 148,512 SH SOLE 148,51 0 0
TELEPHONE & DATA-TDS TRUST PFD CONV 87235R203 465,000 20,000 SH SOLE 20,000 0 0
TIMET CAPITAL 6.6 PFD CONV 887381408 1,477,141 90,500 SH SOLE 90,500 0 0
TOWER AUTOMOTIVE CAP TRUST PFD CONV 891706301 1,557,504 56,750 SH SOLE 56,750 0 0
TRANS WORLD AIRLINES PFRD PFD CONV 893349738 594,938 47,500 SH SOLE 47,500 0 0
TRIKON TRCH SER H PFRD PFD CONV 896187200 591,527 62,266 SH SOLE 62,266 0 0
UNION PACIFIC TR PFRD PFD CONV 907824403 4,948,957 122,100 SH SOLE 122,10 0 0
UNITEDGLOBAL DEP SHRS PFD CONV 913247201 11,495,396 274,000 SH SOLE 274,00 0 0
UNITEDGLOBAL DEP SHRS 144 PFD CONV 913247102 1,048,850 25,000 SH SOLE 25,000 0 0
UNITEDGLOBALCOM DEPOSITARY PFD CONV 913247805 5,100,727 157,425 SH SOLE 157,42 0 0
USX CAPITAL TRUST I-6.75% PFD CONV 9.03E+205 2,321,975 70,900 SH SOLE 70,900 0 0
VALERO ENERGY PREMIUM EQUI PFD CONV 91821D107 2,217,098 75,350 SH SOLE 75,350 0 0
VANSTAR FING TRUST PFD CONV 92208Q307 63,425 126,850 SH SOLE 126,85 0 0
VIATEL INC TR 7.75% 144 PFD CONV 92553A204 3,128,438 177,500 SH SOLE 177,50 0 0
WHX CORP-CONV PFD SER A PFD CONV 929248201 1,045,158 159,250 SH SOLE 159,25 0 0
WILLIAMS COMMUN 6.75% PFRD PFD CONV 969455203 3,923,202 92,500 SH SOLE 92,500 0 0
WINSTAR COMMUNICATIONS 6% PFD CONV 975515602 6,034,230 223,490 SH SOLE 223,49 0 0
WINSTAR COMMUNICATIONS INC PFD CONV 975515859 1,682,277 3,000 SH SOLE 3,000 0 0
WINSTAR COMMUNICATIONS INC PFD CONV 975515875 5,415,231 178,750 SH SOLE 178,75 0 0
CENDANT CORPORATION RTS RT 151313111 357,631 56,650 SH SOLE 0 0 0
THERMO FIBERGEN INC RTS RT 88355U117 329,156 877,750 SH SOLE 0 0 0
ARCH WIRELESS INC WTS WARR 39392113 92,972 148,755 SH SOLE 0 0 0
ARIES VENTURES INC WTS WARR 40373110 0 13,926 SH SOLE 0 0 0
AVANT IMMUNTHERAPUETICS WT WARR 53491114 84,338 13,100 SH SOLE 0 0 0
BIOVAIL CORP INTL NEW WTS WARR 09067K114 2,896,850 22,900 SH SOLE 0 0 0
CHECKERS DRIVE IN WTS WARR 162809131 12,857 68,389 SH SOLE 0 0 0
CHEM INTERNATIONAL WTS A WARR 163527112 3,440 10,000 SH SOLE 0 0 0
COMMODORE APPLIED TECH WTS WARR 202630117 8,592 45,700 SH SOLE 0 0 0
DENTAL/MEDICAL DIAGNOSTIC WARR 24873K117 69,876 248,670 SH SOLE 0 0 0
DIGITAL LAVA WTS WARR 253928113 162,213 68,300 SH SOLE 0 0 0
DRS TECHNOLOGY INC WTS WARR 23330X118 73,389 12,625 SH SOLE 0 0 0
ELAN CORP PLC WTS WARR 284131141 245,025 3,300 SH SOLE 0 0 0
ESCALON MEDICAL CORP WTS B WARR 296074123 0 117,700 SH SOLE 0 0 0
ESENJAY EXPLORATION INC WT WARR 296426125 0 102,100 SH SOLE 0 0 0
FEDERATED DEPT WTS D WARR 31410H127 490,522 107,500 SH SOLE 0 0 0
GOLDEN STATE BANCORP WTS L WARR 381197136 181,453 148,854 SH SOLE 0 0 0
GOTHIC ENERGY CORP WTS WARR 383482122 6,900 172,500 SH SOLE 0 0 0
HEMISPERX BIOPHARMA INC A WARR 42366C111 229,217 71,900 SH SOLE 0 0 0
IMC GLOBAL INC WTS WARR 449669118 759 94,930 SH SOLE 0 0 0
INDUSTRIAL HLDGS WTS C WARR 456160134 0 36,150 SH SOLE 0 0 0
MEADOW VALLEY CORP WTS WARR 583185111 3,440 10,000 SH SOLE 0 0 0
NEOTHERAPEUTICS INC WTS WARR 640656112 255,578 69,300 SH SOLE 0 0 0
PACIFIC AREOSPACE WTS (fka WARR 693259111 24,157 59,500 SH SOLE 0 0 0
PATINA OIL & GAS WTS WARR 703224113 528,909 65,597 SH SOLE 0 0 0
PENN TRAFFIC WTS NEW WARR 707832119 75,000 100,000 SH SOLE 0 0 0
PIONEER RAILCORP WTS A WARR 723839114 0 23,000 SH SOLE 0 0 0
RESOURCE VENTURES INC WTS WARR 76122N110 0 13,926 SH SOLE 0 0 0
SIRIUS SATELLITE RADIO INC WARR 82966U129 1,846,285 14,500 SH SOLE 0 0 0
SOURCE MEDIA INC WTS WARR 836153114 17,100 57,000 SH SOLE 0 0 0
STREICHER MOBILE FUELING W WARR 862924115 1,250 10,000 SH SOLE 0 0 0
SURGE COMPONENTS INT WTS WARR 868908112 30,300 20,200 SH SOLE 0 0 0
TEXAS BIOTECHNOLOGY CORP W WARR 88221T112 438,750 58,500 SH SOLE 0 0 0
UNISOURCE ENERGY CORP WTS WARR 909205130 0 53,797 SH SOLE 0 0 0
VIEWCAST.COM INC WTS WARR 926713116 37,205 35,000 SH SOLE 0 0 0
WAXMAN INDUSTRIES INC 144 WARR 944124122 0 165,000 SH SOLE 0 0 0
WAXMAN INDUSTRIES WTS WARR 944124148 0 22,500 SH SOLE 0 0 0
1451981771
</TABLE>
