UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Year or Quarter End: March 31, 2000
Check here if Amendment { }; Amendment Number:
This Amendment (Check only one): { } is a restatement
{ } adds new holding entries
Institutional Investment Manager Filing this Report
Name: Financial & Investment Management Group, Ltd.
Address: P.O. Box 40
417 St. Joseph Street
Suttons Bay, MI 49682
13F File Number: 28-6648
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct, and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form
Person Signing this Report on Behalf of Reporting Manager:
Name: Paul H. Sutherland
Title: President
Phone: 231-271-3915
Signature, Place, and Date of Signing:
Paul Howard Sutherland, Suttons Bay, MI, April 18, 2000
Report Type ( Check only one):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL:87
FORM 13F INFORMATION TABLE VALUE TOTAL:$79,601,038
LIST OF OTHER MANAGERS REPORTING FOR THIS REPORT: NONE
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<TABLE> <C>
<C>
FORM 13F INFORMATION TABLE
TITLE OF VOTING
AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE SH/P
AMOUNT S/P P/C INV DIS MANAGER SOLE SHARED
<C> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C>
3 COMCORP COM 885535104 625003 11236 SH
SHARE
D 01 11236
ACCESS ANYTIME BANCORP COM 00431F105 294464 49594 SH
SH
ARED 01 49594
ALL AMERN TERM TR INC COM 016440109 1577541 132150 SH
SH
ARED 01 132150
AMERICAN INSD MTG INVS DEP UNIT PRTNR 026862102 2343642 1013467
SH S
HARED 01 1013467
AMERICAN INSD MTG-INVS LP85 DEPOSITARY UNIT 02686E106 2893424 361678
SH
SHARED 01 361678
AMERICAN INSD MTG-INVS LP86 DEPOSITARY UNIT 02686F103 2427844 669750
SH
SHARED 01 669750
AMERICAN INSD MTG-INVS LP88 DEPOSITORY UNIT 02686G101 1686620 259480
SH
SHARED 01 259480
AMERICAN MUN TERM TR INC III COM 027654102 102263 10100 SH
SH
ARED 01 10100
ANGLO AMER PLC ADR 03485P102 1141306 24811 SH
SH
ARED 01 24811
ASIA TIGERS FD INC COM 04516T105 995481 95950 SH
SHARE
D 01 95950
AURA SYS INC COM 051526101 53222 133054 SH
SHARE
D 01 133054
BANC STOCK GROUP INC CL A 05943C102 39015 17340
SH S
HARED 01 17340
BANKATLANTIC BANCORP SBDB CV 6.75%06 065908AB1 691200 10800
SH
SHARED 01 10800
BARRINGER TECHNOLOGIES INC COM NEW 068509603 80401 12800
SH S
HARED 01 12800
BERGEN BRUNSWIG CORP CL A 083739102 216554 32082 SH
SH
ARED 01 32082
BERKSHIRE HATHAWAY INC CL B 084670207 2436980 1339 SH
SHARE
D 01 1339
BLACKROCK 2001 TERM TR INC COM 092477108 111719 12500 SH
SH
ARED 01 12500
BLACKROCK INSD MUN 2008 TRM TR COM 09247K109 629925 45400
SH S
HARED 01 45400
BLACKROCK MUN TARGET TERM TR COM 09247M105 196350 20400 SH
SH
ARED 01 20400
BLACKROCK STRATEGIC TERM TR COM 09247P108 277725 32200 SH
SH
ARED 01 32200
BLACKROCK TARGET TERM TR INC COM 092476100 152809 15980 SH
SH
ARED 01 15980
BORDERS GROUP INC COM 099709107 1170469 68100 SH
SHARE
D 01 68100
BOULDER TOTAL RETURN FD INC COM 101541100 4800375 502000 SH
SH
ARED 01 502000
CABLETRON SYS INC COM 126920107 407926 13828 SH
SHARE
D 01 13828
CASTLE CONV FD INC COM 148443104 2797587 136885 SH
SHARE
D 01 136885
COMMUNITY FIRST BANKSHARES COM 203902101 646800 40425 SH
SH
ARED 01 40425
COMPAQ COMPUTER CORP COM 204493100 1850298 69170 SH
SH
ARED 01 69170
COMPUTER HORIZONS CORP COM 205908106 455097 26575 SH
SH
ARED 01 26575
DAIMLER-CHRYSLER AG ORD d1668r123 671062 10255 SH
SH
ARED 01 10255
DURA PHARMACEUTICALS INC SUB NTCV 3.5%02 26632SAA7 469063 5630
SH S
HARED 01 5630
EPICOR SOFTWARE CORP COM 29426L108 711221 83673 SH
SH
ARED 01 83673
FRANKLIN COVEY CO COM 353469109 518738 71550 SH
SHARE
D 01 71550
GABELLI CONVERTIBLE SEC. FUND CONV SECS FD 36240b109 321956 33450
SH
SHARED 01 33450
HANCOCK JOHN PATRIOT GLOBL DEV COM 41013G103 1080803 103550
SH S
HARED 01 103550
HANSEN NAT CORP COM 411310105 589959 131102 SH
SH
ARED 01 131102
HASBRO, INC. COM 418056107 357947 21450 SH
SHARE
D 01 21450
HAWAIIAN ELEC INDUSTRIES COM 419870100 1541157 48445 SH
SH
ARED 01 48445
HRPT PPTYS TR COM SH BEN INT 40426W101 1175245 135280 SH
SH
ARED 01 135280
HYPERION 2002 TERM TR INC COM 448915108 588681 71900 SH
SH
ARED 01 71900
IDACORP INC COM 451107106 998715 28740 SH
SHARE
D 01 28740
INDEPENDENT BANK CORP. COM 453838104 468881 36775 SH
SH
ARED 01 36775
INFORMIX CORP COM 456779107 1441720 85120 SH
SHARE
D 01 85120
INSURED MUN INCOME FD COM 45809F104 431004 35917 SH
SH
ARED 01 35917
INTEGRITY INCORPORATED CL A 45813H104 761875 243800 SH
SH
ARED 01 243800
JOHN HANCOCK BK &THRIFT OPP FD SH BEN INT 409735107 102328 14750
SH
SHARED 01 14750
LIBERTY FINL COS INC COM 530512102 675111 34075 SH
SH
ARED 01 34075
LINCOLN NATL CONV SECS FD INC COM 534183108 5512305 271375
SH S
HARED 01 271375
MATTEL INC COM 577081102 950628 90536 SH
SHARE
D 01 13850
MICRON ELECTRONICS INC COM 595100108 640836 45774 SH
SH
ARED 01 45774
MORGAN STAN D WITTER ASIA PAC COM 61744U106 2907431 267350
SH S
HARED 01 267350
MORGAN STANLEY DEAN WITTER QULTY MUN SECS 61745P585 225625 19000
SH S
HARED 01 19000
MUNIHOLDINGS MICH INSD FD INC COM 62625C108 239200 18400
SH S
HARED 01 18400
MUNIINSURED FD INC COM 626245104 244000 32000 SH
SHARE
D 01 32000
MUNIVEST MICH INSD FD INC COM 62629J109 128250 11400 SH
SH
ARED 01 11400
MUNIYIELD MICH INSD FD INC COM 62630J106 301864 25287 SH
SH
ARED 01 25287
NATIONS BALANCED TARGET MAT FD COM 63857K107 2725738 320675
SH S
HARED 01 320675
NATROL INC COM 638789107 773106 150850 SH
SHARE
D 01 150850
NBTY INC COM 628782104 1438556 105100 SH SHARED
01 105100
NATURE'S SUNSHINE PRODS. COM 639027101 147800 18475 SH
SH
ARED 01 18475
NEW CENTURY ENERGIES INC COM 64352U103 525493 17480 SH
SH
ARED 01 17480
NEW HORIZONS WORLDWIDE INC COM 645526104 2168660 122178 SH
SH
ARED 01 122178
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 227375 21400
SH S
HARED 01 21400
PEOPLESOFT INC COM 712713106 705980 35299 SH
SH
ARED 01 35299
PETROLEUM & RES CORP COM 716549100 1800252 50007 SH
SH
ARED 01 50007
PHYCOR INC SUB DBCV 4.5%03 71940FAB6 215656 5150 SH
SH
ARED 01 5150
PHYCOR INC COM 71940F100 20110 19500 SH
SHARE
D 01 19500
PILGRIM PRIME RATE TR NEW SH BEN INT 72146W103 588563 73000
SH S
HARED 01 73000
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 69000 12000
SH S
HARED 01 12000
REXALL SUNDOWN CONS. COM 761648104 207638 14700 SH
SH
ARED 01 14700
ROYCE FOCUS TR COM 78080N108 88174 17310 SH
SH
ARED 01 17310
SAGA SYS INC COM 786610105 442049 12365 SH
SHARE
D 01 12365
SARATOGA BEVERAGE GROUP INC CL A 803436104 548438 97500 SH
SH
ARED 01 97500
SELIGMAN SELECT MUN FD INC COM 816344105 124100 13600 SH
SH
ARED 01 13600
SEMPRA ENERGY COM 816851109 329975 19700 SH
SHARE
D 01 19700
SINGAPORE FD INC COM 82929L109 638798 25758 SH
SHARE
D 01 25758
SMITH BARNEY INTER QUALITY MUN COM 831802103 451244 52700
SH S
HARED 01 52700
SMITH BARNEY MUN FD INC COM 831902101 207288 16100 SH
SH
ARED 01 16100
SOTTISH PWR PLC SPON ADR FINAL 81013T705 694146 21906
SH S
HARED 01 21906
ST JOSEPH LT & PWR CO COM 790654107 793800 39200 SH
SH
ARED 01 39200
TEAM FINANCIAL INC COM 87815X109 757938 90500 SH
SHARE
D 01 90500
TELECOM ITALIA SPA SPON ADR SVGS 87927W205 508875 7375 SH
SHARE
D 01 7375
TEMPLETON GLOBAL GVT INC FD SH BEN INT 879929107 1502241 258450
SH S
HARED 01 258450
TEMPLETON GLOBAL INCOME FD COM 880198106 3060600 510100 SH
SH
ARED 01 510100
USEC INC COM 90333E108 315519 66425 SH SHARED
01 66425
VAN KAMPEN SENIOR INCOME TR COM 920961109 1465750 180400 SH
SH
ARED 01 180400
WPS RESOURCES CORP COM 92931B106 868076 33468 SH
SHARE
D 01 33468
</TABLE>
