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 December 31, 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 14th day of February 2000.
JMG Capital Partners, L.P.
Jonathan Glaser, President of the General Partner
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AAMES FINANCIAL CORP 5.5% BND CONV 00253AAE1 2545 6972000 PRN SOLE 0 0 0
ACCLAIM ENTMT INC 10% 3/1/ BND CONV 004325AA4 2780 2550000 PRN SOLE 0 0 0
ACTIVISION INC NEW 6.75% 1 BND CONV 004930AC7 975 1000000 PRN SOLE 0 0 0
ADVANCED MICRO DEVICES 6% BND CONV 007903AC1 9955 10250000PRN SOLE 0 0 0
ALPHARMA INC 3% 144 BND CONV 020813AC5 1088 1000000 PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/05 BND CONV 020813AA9 891 750000 PRN SOLE 0 0 0
ALPHARMA INC 5.75% 4/1/05 BND CONV 020813AB7 5774 4862000 PRN SOLE 0 0 0
AMAZON.COM INC 4.75% 2/09 BND CONV 023135AF3 30361 26750000PRN SOLE 0 0 0
AMERICA ONLINE INC DEL CON BND CONV 02364JAC8 13502 23750000PRN SOLE 0 0 0
AMERICAN TOWER CORP 6.25% BND CONV 029912AB8 8050 5750000 PRN SOLE 0 0 0
AMERITRADE HLDG CORP 5.75% BND CONV 03072HAA7 2550 3000000 PRN SOLE 0 0 0
APPLIED MAGNETICS 2% 9/15/ BND CONV 038213AA2 1500 1500000 PRN SOLE 0 0 0
APPLIED MAGNETICS 7% 3/06 BND CONV 038213AA2 610 12196000PRN SOLE 0 0 0
ARBOR SOFTWARE CORP 4.5% 3 BND CONV 038918AC2 2450 2500000 PRN SOLE 0 0 0
ASIA PULP & PAPER (APP FIN BND CONV 00202NAA3 1339 7763000 PRN SOLE 0 0 0
ASM LITHOGRAPHY HOLDINGS 1 BND CONV 00207EAB6 1200 1000000 PRN SOLE 0 0 0
ASPEN TECHNOLOGY INC 5.25% BND CONV 045327AB9 795 1000000 PRN SOLE 0 0 0
ASSISTED LIVING 6% 11/01/0 BND CONV 04543LAD1 1585 2641000 PRN SOLE 0 0 0
ASSISTED LIVING CONCEPTS I BND CONV 04543LAE9 290 500000 PRN SOLE 0 0 0
AT HOME CORP 12/18 BND CONV 045919AD9 4321 6900000 PRN SOLE 0 0 0
AT HOME CORP 12/18 144 BND CONV 045919AA5 6268 10009000PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAC5 288 500000 PRN SOLE 0 0 0
ATRIX LABS INC 7% 12/04 BND CONV 04962LAA9 577 1000000 PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AA8 355 500000 PRN SOLE 0 0 0
AVIRON 5.75% 4/05 BND CONV 053762AC4 3373 4750000 PRN SOLE 0 0 0
BAAN CO NV 4.5% BND CONV 056072AB7 540 600000 PRN SOLE 0 0 0
BANK ATLANTIC BANCORP 5.62 BND CONV 065908AC9 303 500000 PRN SOLE 0 0 0
BANKATLANTIC BANCORP 6.75% BND CONV 065908AB1 1122 1250000 PRN SOLE 0 0 0
BEA SYSTEMS INC 4% 12/06 BND CONV 073325AC6 2913 2500000 PRN SOLE 0 0 0
BELL ATLANTIC 4.25% 9/05 R BND CONV 07785GAC4 9610 7750000 PRN SOLE 0 0 0
BELL ATLANTIC FINL 4.25% BND CONV 07785GAC4 19456 15690000PRN SOLE 0 0 0
BENCHMARK ELECTRONICS INC BND CONV 08160HAA9 1599 2000000 PRN SOLE 0 0 0
BRADLEES STORES INC 9% BND CONV 104500AA1 207 207000 PRN SOLE 0 0 0
casella/KTI INC 8.75% 8/15 BND CONV 482689AA4 2813 2813000 PRN SOLE 0 0 0
CINCINNATI FINL COR 5.5% 5 BND CONV 172062AB7 4392 2095000 PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 12/15/ BND CONV 172755AC4 2529 3070000 PRN SOLE 0 0 0
CIRRUS LOGIC INC 6% 144 BND CONV 172755AA8 1153 1400000 PRN SOLE 0 0 0
CNET INC 5% 3/06 BND CONV 125945AC9 4913 3000000 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AF5 1422 2585000 PRN SOLE 0 0 0
COEUR D ALENE MINES 7.25% BND CONV 192108AG3 1504 2735000 PRN SOLE 0 0 0
CONEXANT SYSTEMS INC 4.25% BND CONV 207142AA8 2956 1000000 PRN SOLE 0 0 0
CORE COMM LIMITED 6% 10/06 BND CONV 21869NAC9 3160 2000000 PRN SOLE 0 0 0
DANKA BUSINESS SYSTEMS PLC BND CONV 236277AB5 2144 2615000 PRN SOLE 0 0 0
DOUBLECLICK INC 4.75% 3/06 BND CONV 258609AA4 4365 1400000 PRN SOLE 0 0 0
DOUBLECLICK INC 4.75% 3/06 BND CONV 258609AC0 5456 1750000 PRN SOLE 0 0 0
EMCOR GROUP INC 5.75% BND CONV 29084QAC4 2291 2600000 PRN SOLE 0 0 0
ETOYS INC 6.25% 12/04 144a BND CONV 297862AA2 1836 3000000 PRN SOLE 0 0 0
GENZYME CORP 5.25% BND CONV 372917AF1 1823 1500000 PRN SOLE 0 0 0
GILAT SATELLITE NETWORKS 6 BND CONV 375255AB2 11276 3960000 PRN SOLE 0 0 0
GLOBAL TELESYSTEM GROUP 5. BND CONV 37936UAE4 13187 9750000 PRN SOLE 0 0 0
HEXCEL CORP NEW 7% BND CONV 428291AA6 799 1120000 PRN SOLE 0 0 0
HMT TECHNOLOGY CORP SUB NT BND CONV 403917AD9 600 1500000 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/01/0 BND CONV 43738EAB4 1906 3125000 PRN SOLE 0 0 0
HOMEBASE INC 5.25% 11/1/04 BND CONV 43738EAA6 1220 2000000 PRN SOLE 0 0 0
HUMAN GENOME SCIENCES INC BND CONV 444903AC2 1205 1000000 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY 6% BND CONV 448407AC0 2256 2375000 PRN SOLE 0 0 0
INHALE THERAPEUTIC SYSTEMS BND CONV 457191AA2 2160 1500000 PRN SOLE 0 0 0
INTERMAGNETICS GENERAL COR BND CONV 458771AB8 600 750000 PRN SOLE 0 0 0
INTERNET CAPITAL GROUP 5.5 BND CONV 46059CAA4 30164 20450000PRN SOLE 0 0 0
ITC DELTACOM INC 4.5% BND CONV 45031TAJ3 1475 1250000 PRN SOLE 0 0 0
KELLSTROM INDS INC 6/03 5. BND CONV 488035AE6 439 670000 PRN SOLE 0 0 0
LEVEL 3 COMMUNICATIONS INC BND CONV 52729NAG5 18968 13500000PRN SOLE 0 0 0
LIBERTY MEDIA CORP 4% 11 BND CONV 530715AF8 6263 5000000 PRN SOLE 0 0 0
LOEWS CORP 3.125% BND CONV 540424AL2 2444 2981000 PRN SOLE 0 0 0
MAY & SPEH 5.25% BND CONV 577777AA3 7808 5949000 PRN SOLE 0 0 0
MICRON TECHNOLOGIES 7% 7/1 BND CONV 595112AB9 26705 20945000PRN SOLE 0 0 0
MRV COMMUNICATION INC 5% BND CONV 553477AB6 2618 1100000 PRN SOLE 0 0 0
NEXSTAR PHARMACEUTICALS 6. BND CONV 65333BAC0 11622 8897000 PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS 4.75 BND CONV 65332VAR4 43225 19000000PRN SOLE 0 0 0
NOVA CARE INC CONV S/D 5.5 BND CONV 669930AA7 4290 4290000 PRN SOLE 0 0 0
NTL INC 5.75% 12/09 144a BND CONV 629407AN7 11340 10500000PRN SOLE 0 0 0
NTL INC 7% BND CONV 629407AL1 13118 4950000 PRN SOLE 0 0 0
NTL INC 7% 144 BND CONV 629407AK3 15900 6000000 PRN SOLE 0 0 0
PETSMART INC 144 6.75% 11/ BND CONV 716768AA4 3495 4250000 PRN SOLE 0 0 0
PETSMART INC 6.75% 11/1/20 BND CONV 716768AB2 2051 2494000 PRN SOLE 0 0 0
PREMIERE TECHNOLOGIES INC BND CONV 74058FAC6 4901 8524000 PRN SOLE 0 0 0
READ RITE CORP 6.5% 09/04 BND CONV 755246AA3 3808 10155500PRN SOLE 0 0 0
SIGNATURE RESORTS BND CONV 82668BAA4 1897 3200000 PRN SOLE 0 0 0
SIMULA INC 8% 5/1/04 BND CONV 829206AB7 1021 1590000 PRN SOLE 0 0 0
SIRIUS/CD RADIO INC 8.75% BND CONV 125127AJ9 6356 3750000 PRN SOLE 0 0 0
SPORTSLINE USA INC 5% BND CONV 848934AC9 3211 3164000 PRN SOLE 0 0 0
STANDARD MOTOR PRODUCTS 6. BND CONV 853666AB1 1050 1250000 PRN SOLE 0 0 0
SUNGLASS HUT INTL 5.25% 6/ BND CONV 86736FAC0 810 1000000 PRN SOLE 0 0 0
TELEFONOS DE MEXICO 4.25% BND CONV 879403AD5 24902 19100000PRN SOLE 0 0 0
TRANS WORLD AIRLINES 12% BND CONV 893349BG4 3617 4550000 PRN SOLE 0 0 0
TRIARC COS INC BND CONV 895927AB7 563 2500000 PRN SOLE 0 0 0
VANTIVE CORP 4.75% 9/02 BND CONV 922091AC7 1720 2000000 PRN SOLE 0 0 0
VERITAS SOFTWARE 5.25% 11/ BND CONV 923436AB5119657 11918000PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAA9 1717 2120000 PRN SOLE 0 0 0
WORLD ACCESS INC 4.5% BND CONV 98141AAC5 7610 9395000 PRN SOLE 0 0 0
INTEL CORP COM 458140100 206 2500 SH SOLE 2500 0 0
ADVANTA CORP-CL B NON-VTG COM 007942204 1858 132100 SH SOLE 0 0 13210
ALBERTO CULVER CO-CL A COM 013068200 1766 81188 SH SOLE 81188 0 0
AMDOCS AUTOMATIC COM EXCHA COM 02342R202 4401 137000 SH SOLE 137000 0 0
AMERICAN BARRICK RESOURCES COM 067901108 336 19000 SH SOLE 19000 0 0
ARDEN REALTY GROUP INC COM 039793104 2409 120050 SH SOLE 120050 0 0
ASCENT ENTERTAINMENT GROUP COM 043628106 178 14000 SH SOLE 14000 0 0
ASSOCIATED GROUP CL B COM 045651205 48220 524125 SH SOLE 524125 0 0
BANCO GANADERO SA-SPONSORE COM 059594408 452 28281 SH SOLE 28281 0 0
BIOGEN INC COM 090597105 1690 20000 SH SOLE 20000 0 0
CAPITOL FEDERAL FINANCIAL COM 14057C106 122 12500 SH SOLE 12500 0 0
CATERPILLAR INC COM 149123101 866 18400 SH SOLE 18400 0 0
COCA COLA COM 191216100 810 13900 SH SOLE 13900 0 0
COMCAST CORP-CL A COM 200300101 1005 21000 SH SOLE 21000 0 0
COMPUTER CONCEPTS CORP NEW COM 204897300 553 327500 SH SOLE 327500 0 0
CONSTELLATION ENERGY GROUP COM 210371100 464 16000 SH SOLE 16000 0 0
DENTAL MEDICAL DIAG SYS RS COM PRIVATE 206 75001 SH SOLE 75001 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873K208 180 64050 SH SOLE 64050 0 0
DIGITAL LAVA INC COM 253928105 91 12800 SH SOLE 12800 0 0
DRESDNER RCM GLOBAL STRATE COM 26157B101 131 22562 SH SOLE 22562 0 0
FLORIDA PROGRESS CORP COM 341109106 212 5000 SH SOLE 5000 0 0
FLOWERS INDUSTRIES INC COM 343496105 295 18479 SH SOLE 18479 0 0
FORD MOTOR CO COM 345370100 3297 61700 SH SOLE 61700 0 0
GENERAL INSTRUMENT CORP NE COM 370121105 2635 31000 SH SOLE 31000 0 0
GENERAL MOTORS CORP COM 370442105 669 9200 SH SOLE 9200 0 0
HEMISPHERX BIOPHARMA INC COM 42366C103 104 10500 SH SOLE 10500 0 0
HOMESTEAD VILLAGE PROPERTI COM 437851108 677 318450 SH SOLE 318450 0 0
INSIGNIA SYSTEMS INC COM 45765Y105 134 37500 SH SOLE 37500 0 0
INTELLIGENT POLYMERS LTD COM G48029105 492 14700 SH SOLE 14700 0 0
KERR MCGEE CORP COM 492386305 724 21950 SH SOLE 21950 0 0
KRAUSES FURNITURE INC NEW COM 500760202 129 44800 SH SOLE 44800 0 0
LG&E ENERGY CORP COM 501917108 448 25700 SH SOLE 25700 0 0
LOEWS CORP COM 540424108 607 10000 SH SOLE 10000 0 0
MCDONALDS CORP COM 580135101 726 18000 SH SOLE 18000 0 0
MEDIAONE GROUP INC COM 912889201 3921 51050 SH SOLE 51050 0 0
MOLEX INC-CL A COM 608554200 1882 41600 SH SOLE 41600 0 0
NABISCO GROUP HLDG CORP COM 62952P102 378 35600 SH SOLE 35600 0 0
NAVISTAR INTERNATIONAL COR COM 63934E108 303 6400 SH SOLE 6400 0 0
NEOTHERAPEUTICS INC COM 640656104 216 16300 SH SOLE 16300 0 0
NETWORK EQUIPMENT TECHNOLO COM 641208103 118 10000 SH SOLE 10000 0 0
RISCORP INC-CL A COM 767597107 230 94500 SH SOLE 94500 0 0
S3 INC COM 784849101 116 10000 SH SOLE 10000 0 0
SEAGATE TECHNOLOGY INC COM 811804103 2135 45853 SH SOLE 45853 0 0
SENSORMATIC ELECTRONICS CO COM 817265606 305 18280 SH SOLE 18280 0 0
SOURCE MEDIA INC NEW COM 836153304 463 25050 SH SOLE 25050 0 0
SPRINT CORP COM 852061100 3864 57400 SH SOLE 57400 0 0
STARWOOD FINANCIAL INC COM 85569R104 738 43598 SH SOLE 43598 0 0
TELEPHONE & DATA SYSTEMS I COM 879433100 8697 69025 SH SOLE 69025 0 0
THERMO FIBERGEN INC COM 88355U109 8959 735050 SH SOLE 735050 0 0
TREMONT CORP-DEL NEW COM 894745207 1151 76700 SH SOLE 76700 0 0
U S WEST INC NEW COM 91273H101 13367 185650 SH SOLE 185650 0 0
UNITED STATES CELLULAR COR COM 911684108 296 2935 SH SOLE 2935 0 0
VENTAS INC COM 92276F100 475 113400 SH SOLE 113400 0 0
WACKENHUT CORP COM SER A COM 929794105 729 48800 SH SOLE 48800 0 0
WACKENHUT CORP-SER B COM 929794303 1628 157875 SH SOLE 157875 0 0
WALT DISNEY CO HOLDING CO COM 254687106 936 32000 SH SOLE 32000 0 0
AES CORP MAY 60 CALL CALL 00130H9E7 875 50000 SH CALL SOLE 0 0 0
AMERN EXPRESS JAN 140 CALL CALL 0258169A9 545 20000 SH CALL SOLE 0 0 0
AMERN EXPRESS JAN 170 CALL CALL 0258169A9 175 40000 SH CALL SOLE 0 0 0
APPLIED MAT JAN 95 CALL CALL 0382229A5 1619 50000 SH CALL SOLE 0 0 0
AT&T CP-LIB JAN 40 CALL CALL 22399W9A2 170 10000 SH CALL SOLE 0 0 0
AT&T CP-LIB JAN 45 CALL CALL 22399W9A2 240 20000 SH CALL SOLE 0 0 0
BOEING CO JAN 45 CALL 01 CALL 0970269A8 95 20000 SH CALL SOLE 0 0 0
BOEING CO MAY 040 CBOE CAL CALL 0970239E7 113 25000 SH CALL SOLE 0 0 0
CABLE & WIRE FEB 70 CALL CALL 12682P9B2 147 40600 SH CALL SOLE 0 0 0
CHASE MHHATN JAN 45 CALL CALL 16161A9A8 328 10000 SH CALL SOLE 0 0 0
CHIRON CORP JAN 30 CALL CALL 1700409A9 631 50000 SH CALL SOLE 0 0 0
COMPAQ COMP JAN 25 CALL CALL 2044939A0 86 30000 SH CALL SOLE 0 0 0
CORNING INC JAN 100 CALL 0 CALL 2193529A1 888 20000 SH CALL SOLE 0 0 0
DOW CHEMICAL JAN 125 CALL CALL 2605439A3 293 30000 SH CALL SOLE 0 0 0
FORD MOTOR JAN 50 CALL CALL 3453709A0 83 20000 SH CALL SOLE 0 0 0
GENL ELECT JAN 130 CALL CALL 3696049A3 707 27600 SH CALL SOLE 0 0 0
GENL ELECT JAN 135 CALL CALL 3696049A3 270 13000 SH CALL SOLE 0 0 0
GENL ELECT MAR 145 CALL CALL 3696049C9 330 20000 SH CALL SOLE 0 0 0
GENL INSTR MAR 70 CALL CALL 3701209C3 178 10000 SH CALL SOLE 0 0 0
GENL INSTR MAR 80 CALL CALL 3701209C3 220 20000 SH CALL SOLE 0 0 0
GENL INSTR MAR 85 CALL CALL 3701209C3 187 22000 SH CALL SOLE 0 0 0
GEORGIA PAC GROUP JAN 47.5 CALL 3732989A8 103 25000 SH CALL SOLE 0 0 0
HEWLETT PACK JAN 55 CALL CALL 4282369A3 1494 25000 SH CALL SOLE 0 0 0
HEWLETT PACK JAN 85 CALL CALL 4282369A3 300 10000 SH CALL SOLE 0 0 0
HOME DEPOT JAN 53.375 CALL CALL 58699W9A3 1731 80000 SH CALL SOLE 0 0 0
INTEL CORP JUL 90 CALL CALL 4581409G7 178 20000 SH CALL SOLE 0 0 0
JOHNSON & JOHNSON APR 100 CALL 4781609D8 124 30000 SH CALL SOLE 0 0 0
L M ERICSSON APR 50 CALL CALL 2948219D7 548 30000 SH CALL SOLE 0 0 0
MEDIAONE JAN 80 CALL CALL 58441J9A3 75 100000 SH CALL SOLE 0 0 0
MICROSOFT CP JAN 85 CALL CALL 594918104 960 30000 SH CALL SOLE 0 0 0
MOTOROLA INC APR 150 CALL CALL 49899W9D4 170 10000 SH CALL SOLE 0 0 0
QWEST COMMUN APR 45 CALL CALL 7491219D3 175 50000 SH CALL SOLE 0 0 0
SPRINT CORP/PCS JAN 55 CAL CALL 8519279A3 1045 20000 SH CALL SOLE 0 0 0
TEXAN INSTRS JAN 70 CALL 0 CALL 8825109A0 1806 50000 SH CALL SOLE 0 0 0
TEXAN INSTRS JAN 80 CALL 0 CALL 8825109A0 893 30000 SH CALL SOLE 0 0 0
TEXAS INSTR JAN 30 CALL CALL 8825089A4 3350 50000 SH CALL SOLE 0 0 0
TEXAS INSTR JAN 75 CALL CALL 8825089A4 225 10000 SH CALL SOLE 0 0 0
TIME WARNER JAN 70 CALL CALL 8873159A9 160 40000 SH CALL SOLE 0 0 0
U S WEST INC JAN 70 CALL CALL 91273H9A1 78 25000 SH CALL SOLE 0 0 0
UNITEDGLOBAL MAY 75 CALL CALL 9132479E4 161 15000 SH CALL SOLE 0 0 0
WARNER LAMBT JAN 85 CALL CALL 9344889A7 113 75000 SH CALL SOLE 0 0 0
QUALCOMM FINANCIAL TR I-5. PFD CONV 74752R402 1011 1028 SH SOLE 1028 0 0
ADELPHIA COMMUNICATIONS PF PFD CONV 006848402 20656 109000 SH SOLE 109000 0 0
APARTMENT INVT & MGMT CO P PFD CONV 03748R705 10460 414250 SH SOLE 414250 0 0
AVADO FINANCING I TERM SEC PFD CONV 037856309 3940 132425 SH SOLE 132425 0 0
BANCO GANADERO SA-SPONSORE PFD CONV 059594507 1118 142000 SH SOLE 142000 0 0
BETHLEHEM STEEL CORP PREF PFD CONV 087509501 9824 288943 SH SOLE 288943 0 0
CANADIAN NATIONAL RAILWAY PFD CONV 136375409 1382 32900 SH SOLE 32900 0 0
CAREMARK RX CAP TR I PFD CONV 14170K209 428 10000 SH SOLE 10000 0 0
CENTRAL PARKING FIN TR 5.2 PFD CONV 154787303 438 31850 SH SOLE 31850 0 0
CHIQUITA BRANDS INTERNATIO PFD CONV 170032502 2211 88900 SH SOLE 88900 0 0
CHIQUITA BRANDS INTL PRD A PFD CONV 170032403 809 41500 SH SOLE 41500 0 0
COEUR D ALENE MINES PFRD PFD CONV 192108207 109 30000 SH SOLE 30000 0 0
COMCAST CORP 2% 10/ PFD CONV 200300507 5240 52500 SH SOLE 52500 0 0
CRAIG CORP-CL A PREF PFD CONV 224174201 304 48600 SH SOLE 48600 0 0
CRESCENT REAL ESTATE EQ PF PFD CONV 22575N207 4568 302000 SH SOLE 302000 0 0
CROWN CASTLE DEC TR V PFD CONV 24366F203 2947 102500 SH SOLE 102500 0 0
DECS TR VI PFD CONV 24366Q209 16241 355000 SH SOLE 355000 0 0
EQUITY OFFICE PROPERTIES P PFD CONV 294741301 1185 30000 SH SOLE 30000 0 0
EQUITY OFFICE PROPERTIES P PFD CONV 294741301 3298 83500 SH SOLE 83500 0 0
ESTEE LAUDER AUTOMATIC COM PFD CONV 518437207 1749 20200 SH SOLE 20200 0 0
FEDERAL MOGUL FINANCING TR PFD CONV 313552200 4027 118050 SH SOLE 118050 0 0
FIRST UNION REAL ESTATE EQ PFD CONV 337400303 1089 53800 SH SOLE 53800 0 0
FREEPORT MCMORAN COPPER & PFD CONV 35671D501 1958 102700 SH SOLE 102700 0 0
FRONTIER INSURANCE 6.25% P PFD CONV 35907U301 1323 70000 SH SOLE 70000 0 0
GENERAL GROWTH PPTYS INCPF PFD CONV 370021206 18701 935030 SH SOLE 935030 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U609 5778 102500 SH SOLE 102500 0 0
GLOBAL TELESYSTEMS GROUP P PFD CONV 37936U401 7678 135000 SH SOLE 135000 0 0
GLOBALSTAR TELECOMMUN 9% 1 PFD CONV 379364870 1835 20000 SH SOLE 20000 0 0
HERBALIFE DEC TRUST III PFD CONV 243665205 4309 319200 SH SOLE 319200 0 0
HERCULES TR II PFD CONV 427098306 5521 7000 SH SOLE 7000 0 0
HOST MARRIOTT FINANCIAL TR PFD CONV 441079407 1734 54700 SH SOLE 54700 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q202 6279 141500 SH SOLE 141500 0 0
ICG FUNDING LLC-6.75% EXCH PFD CONV 44924Q400 6747 152038 SH SOLE 152038 0 0
INTERMEDIA COMM PFRD D PFD CONV 458801701 10432 205300 SH SOLE 205300 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801867 6450 189000 SH SOLE 189000 0 0
INTERMEDIA COMM PFRD E PFD CONV 458801834 9504 278500 SH SOLE 278500 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801792 6781 252500 SH SOLE 252500 0 0
INTERMEDIA COMM PFRD F PFD CONV 458801826 7454 277550 SH SOLE 277550 0 0
IT GROUP INC DEP SHARES PFD CONV 460465305 307 16700 SH SOLE 16700 0 0
K MART FINANCING TRUST PFD CONV 498778208 11193 255850 SH SOLE 255850 0 0
KEMPER HIGH INCOME TRUST-S PFD CONV 48841G106 2374 308833 SH SOLE 308833 0 0
KIMCO REALTY CORP 7.50% CV PFD CONV 49446R877 1366 64100 SH SOLE 64100 0 0
LABORATORY CORP OF AMERICA PFD CONV 50540R201 345 5000 SH SOLE 5000 0 0
LINCOLN NATIONAL CORP 7.25 PFD CONV 534187604 1155 52500 SH SOLE 52500 0 0
LORAL SPACE & COMMUNICATIO PFD CONV G56462149 12453 199250 SH SOLE 199250 0 0
LTV CORP NEW PFRD PFD CONV 501921209 1991 32500 SH SOLE 32500 0 0
MANDATORY COM TR PFD CONV 562613109 78 31000 SH SOLE 31000 0 0
MAXTOR DECS TRUST IV PFD CONV 243664208 1742 223000 SH SOLE 223000 0 0
MCLEODUSA INC PFRD PFD CONV 582266201 35325 66650 SH SOLE 66650 0 0
MEDIAONE GROUP INC (PIES) PFD CONV 58440J500 4243 88400 SH SOLE 88400 0 0
MEDPARTNERS INC (NEW)-6.50 PFD CONV 58503X206 323 40700 SH SOLE 40700 0 0
MERRILL LYNCH INC 6.25 PFD CONV 590188751 1249 69850 SH SOLE 69850 0 0
NATIONAL AUSTRALIA BANK 7. PFD CONV 632525309 2827 102350 SH SOLE 102350 0 0
NEWELL FINL TR I PFD CONV 651195307 3662 93293 SH SOLE 93293 0 0
NEXTEL STRYPES TR-STRUCTUR PFD CONV 65332Y107 6732 74800 SH SOLE 74800 0 0
NORTEL INVERSORA SA-10% MA PFD CONV 656567302 1528 25000 SH SOLE 25000 0 0
OMNIPOINT CORP DEP SHRS PFD CONV 68212D300 7890 40000 SH SOLE 40000 0 0
OMNIPOINT CORP DEPOSITARY PFD CONV 68212D607 46896 237750 SH SOLE 237750 0 0
OWENS & MINOR CV TRUST GTD PFD CONV 690905203 986 32850 SH SOLE 32850 0 0
OWENS CORNING CAPITAL LLC PFD CONV 690733209 2100 60000 SH SOLE 60000 0 0
PATINA OIL & GAS CORP PFRD PFD CONV 703224204 1112 42675 SH SOLE 42675 0 0
PHILADELPHIA CONSOLIDATED PFD CONV 717528301 1225 175000 SH SOLE 175000 0 0
POGO TR I PFD CONV 73044P208 616 12500 SH SOLE 12500 0 0
PRICE ENTERPRISES INC 8.75 PFD CONV 741444301 650 46400 SH SOLE 46400 0 0
PSINET INC PFRD PFD CONV 74437C309 14663 255000 SH SOLE 255000 0 0
RECKSON ASSOCIATES REALTY PFD CONV 75621K205 900 45300 SH SOLE 45300 0 0
RELIANT ENERGY 2 PFD CONV 75952J207 23332 323500 SH SOLE 323500 0 0
ROUSE CO-CONV PFD SER B PFD CONV 779273309 1036 31750 SH SOLE 31750 0 0
SAVOIR TECHNOLOGY PFD PFD CONV PRIVATE 1190 140000 SH SOLE 140000 0 0
SEAGRAM LTD 7.5% PFRD PFD CONV 811850205 3798 84400 SH SOLE 84400 0 0
SEALED AIR CORP NEW-$2 CON PFD CONV 81211K209 5753 113925 SH SOLE 113925 0 0
SENSORMATIC ELECTRONICS PF PFD CONV 817265200 1529 62400 SH SOLE 62400 0 0
SIRIUS SATELLITE RADIO INC PFD CONV 82966U202 5360 20000 SH SOLE 20000 0 0
SL GREEN REALTY CORP PFD PFD CONV 78440X200 10679 449650 SH SOLE 449650 0 0
SNYDER STRYPES TRUST-6.50% PFD CONV 833502107 2301 96900 SH SOLE 96900 0 0
SOVEREIGN BANCORP INC PFRD PFD CONV 845905306 8667 178700 SH SOLE 178700 0 0
SUIZA CAPITAL TRUST II PFD CONV 86507G408 2531 75000 SH SOLE 75000 0 0
SUPERIOR TR I PFD CONV 8.5 PFD CONV 86836P202 4958 148012 SH SOLE 148012 0 0
TDS CAPITAL II-8.04% TRUST PFD CONV 87235R203 398 20000 SH SOLE 20000 0 0
TESORO PETE CORP PFRD PFD CONV 881609408 300 25000 SH SOLE 25000 0 0
TIMET CAPITAL 6.6 PFD CONV 887381408 256 22500 SH SOLE 22500 0 0
TOWER AUTOMOTIVE CAP TRUST PFD CONV 891706301 2510 69250 SH SOLE 69250 0 0
TRANS WORLD AIRLINES PFRD PFD CONV 893349738 879 47500 SH SOLE 47500 0 0
TRIKON TRCH SER H PFRD PFD CONV 896187200 246 53250 SH SOLE 53250 0 0
UNION PACIFIC TR PFRD PFD CONV 907824403 9131 222100 SH SOLE 222100 0 0
UNITEDGLOBAL DEP SHRS PFD CONV 913247201 8503 95000 SH SOLE 95000 0 0
UNITEDGLOBAL DEP SHRS 144 PFD CONV 913247102 2238 25000 SH SOLE 25000 0 0
UNITEDGLOBALCOM DEPOSITARY PFD CONV 913247805 947 15000 SH SOLE 15000 0 0
VANSTAR FING TRUST PFD CONV 92208Q307 2156 126850 SH SOLE 126850 0 0
WHX CORP-CONV PFD SER A PFD CONV 929248201 5166 159250 SH SOLE 159250 0 0
WINSTAR COMMUNICATIONS 6% PFD CONV 975515602 15159 191881 SH SOLE 191881 0 0
WINSTAR COMMUNICATIONS INC PFD CONV 975515859 16401 12140 SH SOLE 12140 0 0
WINSTAR COMMUNICATIONS INC PFD CONV 975515875 6532 81650 SH SOLE 81650 0 0
THERMO FIBERGEN INC RTS RIGHT 88355U117 779 890250 SH SOLE 0 0 0
ARCH COMMUNICATIONS GROUP WARR 039381116 76 142855 SH SOLE 0 0 0
BIOVAIL CORP INTL NEW WTS WARR 09067K114 1311 22900 SH SOLE 0 0 0
DENTAL/MEDICAL DIAGNOSTIC WARR 24873K117 249 248670 SH SOLE 0 0 0
DIGITAL LAVA WTS WARR 253928113 148 67800 SH SOLE 0 0 0
DUALSTAR TECH WTS A WARR 263572117 89 25000 SH SOLE 0 0 0
FEDERATED DEPT WTS D WARR 31410H127 2634 107500 SH SOLE 0 0 0
GOLDEN STATE BANCORP WTS WARR 381197128 989 150000 SH SOLE 0 0 0
HEMISPERX BIOPHARMA INC A WARR 42366C111 400 68000 SH SOLE 0 0 0
NEOTHERAPEUTICS INC WTS WARR 640656112 269 69300 SH SOLE 0 0 0
SOURCE MEDIA INC WTS WARR 836153114 239 51000 SH SOLE 0 0 0
SUPERGEN INC WTS WARR 868059114 5587 274200 SH SOLE 0 0 0
VIEWCAST.COM INC WTS WARR 926713116 83 31000 SH SOLE 0 0 0
</TABLE>
