UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9/30/99
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: MURPHY CAPITAL MANAGEMENT, INC.
JOHN J. MURPHY, PRESIDENT
Address: 123 PROSPECT STREET, RIDGEWOOD, N.J. 07450
Form 13F File Number: 28-6814
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: JOHN J. MURPHY
Title: PRESIDENT
Phone: 201-445-8366
Signature, Place, and Date of Signing:
/s/ John J. Murphy Ridgewood, N.J. 10/13/99
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 515
Form 13F Information Table Value Total (thousands): $258,421
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE>
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ----------- ---------------- --------- -------- ------------------ ---------- -------- ---------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000)* PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ ---------------- --------- -------- ------- --- ---- ---------- -------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 96 2300 SH SOLE 1 0 0 2300
ABN AMRO HLDG NV DEPOSITORY RECEI 000937102 14 608 SH SOLE 1 0 0 608
AFLAC INC COMMON 001055102 6460 154264 SH SOLE 1 0 0 154264
AFN INC COM NEW 001057207 0 545 SH SOLE 1 0 0 545
AGL RES INC COMMON 001204106 21 1300 SH SOLE 1 0 0 1300
AMFM INC COMMON 001693100 1121 18450 SH SOLE 1 0 0 18450
AMLI RESIDENTIAL PPTYS T SH BEN INT 001735109 210 10000 SH SOLE 1 0 0 10000
AT&T CORP COMMON 001957109 5308 122028 SH SOLE 1 900 0 121128
AT&T LIB GRP A COM LIB GRP A 001957208 1563 41895 SH SOLE 1 0 0 41895
A R T INTERNATIONAL INC COMMON 00207G105 0 81 SH SOLE 1 0 0 81
AT & T CDA INC DEPS RCPT CL B 00207Q202 13 200 SH SOLE 1 0 0 200
ABB AB DEPOSITORY RECEI 00256Q103 31 2300 SH SOLE 1 0 0 2300
ABBOTT LABS COMMON 002824100 99 2700 SH SOLE 1 0 0 2700
AERIAL COMMUNICATIONS COMMON 007655103 255 9400 SH SOLE 1 0 0 9400
AFFYMETRIX INC COMMON 00826T108 79 800 SH SOLE 1 0 0 800
AGILE SOFTWARE CORP DEL COMMON 00846X105 2 25 SH SOLE 1 0 0 25
ALABAMA POWER PFD $7.600 010388205 5 200 SOLE 1 0 0 200
ALCIDE CORP COM NEW 013742507 3 200 SH SOLE 1 0 0 200
ALCOA INC COMMON 013817101 534 8600 SH SOLE 1 900 0 7700
ALCATEL DEPOSITORY RECEI 013904305 8 300 SH SOLE 1 0 0 300
ALEXANDERS INC COMMON 014752109 7 100 SH SOLE 1 0 0 100
ALLEGHENY ENERGY INC COMMON 017361106 145 4540 SH SOLE 1 0 0 4540
ALLIANT CORP COMMON 018802108 19 672 SH SOLE 1 0 0 672
ALLIED IRISH BKS P L C DEPOSITORY RECEI 019228402 201 7900 SH SOLE 1 0 0 7900
ALLIEDSIGNAL INC COMMON 019512102 931 15525 SH SOLE 1 900 0 14625
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 6 500 SH SOLE 1 0 0 500
ALLSTATE FIN PFD PFD $7.950 020013207 5 200 SOLE 1 0 0 200
ALTEON INC COMMON 02144G107 0 400 SH SOLE 1 0 0 400
AMAZON COM INC COMMON 023135106 28 350 SH SOLE 1 0 0 350
AMEREN CORP COMMON 023608102 8 200 SH SOLE 1 0 0 200
AMERICA ONLINE INC DEL COMMON 02364J104 2950 28345 SH SOLE 1 800 0 27545
AMERICAN BINGO & GAMING COMMON 024596108 1 1000 SH SOLE 1 0 0 1000
AMERICAN EXPRESS CO COMMON 025816109 4180 30960 SH SOLE 1 900 0 30060
AMERICAN EXPRESS CO CALL OPT JAN 7 025816109 675 5000 SH CALL SOLE 1 0 0 5000
AMERICAN EXPRESS CO PUT OPT OCT 11 025816109 135 1000 SH PUT SOLE 1 0 0 1000
AMERICAN EXPRESS CO CAP QUIPS I 7% 02583Y205 46 2000 SOLE 1 0 0 2000
AMERICAN GREETINGS CORP CL A 026375105 10 400 SH SOLE 1 0 0 400
AMERICAN HOME PRODS CORP COMMON 026609107 2027 48849 SH SOLE 1 0 0 48849
AMERICAN INTL GROUP INC COMMON 026874107 2953 33964 SH SOLE 1 0 0 33964
AMERICAN INTL GROUP PUT OPT OCT 9 026874107 87 1000 SH PUT SOLE 1 0 0 1000
AMERICAN STANDARD COS COMMON 029712106 208 5375 SH SOLE 1 0 0 5375
AMERITECH CORP NEW COMMON 030954101 135 2026 SH SOLE 1 0 0 2026
AMGEN INC COMMON 031162100 169 2075 SH SOLE 1 0 0 2075
AMGEN INC CALL OPT JAN01 5 0311639A8 436 5000 SH CALL SOLE 1 0 0 5000
AMSOUTH BANCORPORATION COMMON 032165102 201 8566 SH SOLE 1 0 0 8566
ANHEUSER BUSCH COS INC COMMON 035229103 64 920 SH SOLE 1 0 0 920
APARTMENT INVT & MGMT CO CL A 03748R101 11 300 SH SOLE 1 0 0 300
AQUIS COMMUNICATIONS INC COMMON 038399101 13 10000 SH SOLE 1 0 0 10000
ARCHSTONE CMNTYS TR SH BEN INT 039581103 9 435 SH SOLE 1 0 0 435
ASIA PULP & PAPER LTD DEPOSITORY RECEI 04516V100 29 5000 SH SOLE 1 0 0 5000
ASK JEEVES INC COMMON 045174109 3 100 SH SOLE 1 0 0 100
ASSOCIATED GROUP INC CL A 045651106 1016 16800 SH SOLE 1 0 0 16800
ASSOCIATED GROUP INC CL B 045651205 15 240 SH SOLE 1 0 0 240
AT HOME CORP COM SER A 045919107 8 200 SH SOLE 1 0 0 200
ATLANTIC RICHFIELD CO COMMON 048825103 49 550 SH SOLE 1 0 0 550
AULT INC COMMON 051503100 8 1000 SH SOLE 1 0 0 1000
AUTOSPA CORP COMMON 053322103 0 90500 SH SOLE 1 0 0 90500
AVALONBAY CMNTYS INC COMMON 053484101 26 768 SH SOLE 1 0 0 768
AVALONBAY CMNTYS INC PFD SER-F 9% 053484507 4 160 SOLE 1 0 0 160
AXA DEPOSITORY RECEI 054536107 26 400 SH SOLE 1 0 0 400
BB&T CORP COMMON 054937107 8 236 SH SOLE 1 0 0 236
BP AMOCO P L C DEPOSITORY RECEI 055622104 649 5858 SH SOLE 1 0 0 5858
BMC SOFTWARE INC COMMON 055921100 140 1950 SH SOLE 1 0 0 1950
BAKER HUGHES INC COMMON 057224107 191 6600 SH SOLE 1 0 0 6600
BANK OF AMERICA CORP COMMON 060505104 176 3168 SH SOLE 1 0 0 3168
BANK NEW YORK INC COMMON 064057102 436 13050 SH SOLE 1 0 0 13050
BANK ONE CORP COMMON 06423A103 35 1000 SH SOLE 1 0 0 1000
BANKAMERICA CAP I TOPRS 7.75% 066046202 5 200 SOLE 1 0 0 200
BARCLAYS BK PLC DEPOSITORY RECEI 06738C836 5 200 SH SOLE 1 0 0 200
BARCLAYS PLC DEPOSITORY RECEI 06738E204 302 2538 SH SOLE 1 0 0 2538
BARNES & NOBLE INC COMMON 067774109 51 1975 SH SOLE 1 0 0 1975
BARNESANDNOBLE COM INC CL A 067846105 10 500 SH SOLE 1 0 0 500
BAUSCH & LOMB INC COMMON 071707103 7 100 SH SOLE 1 0 0 100
BECTON DICKINSON & CO COMMON 075887109 1142 40680 SH SOLE 1 0 0 40680
BED BATH & BEYOND INC COMMON 075896100 49 1400 SH SOLE 1 0 0 1400
BEDFORD PPTY INVS INC COM PAR $0.02 076446301 5 300 SH SOLE 1 0 0 300
BELL ATLANTIC CORP COMMON 077853109 1707 25352 SH SOLE 1 0 0 25352
BELLSOUTH CORP COMMON 079860102 628 13946 SH SOLE 1 0 0 13946
BESTFOODS COMMON 08658U101 1047 21550 SH SOLE 1 0 0 21550
BETHLEHEM STL CORP PFD CV $2.50 087509402 26 1000 SH SOLE 1 0 0 1000
BIOGEN INC COMMON 090597105 189 2400 SH SOLE 1 0 0 2400
BIOGEN INC CALL OPT JAN 2 090597105 394 5000 SH CALL SOLE 1 0 0 5000
BLACK & DECKER CORP COMMON 091797100 87 1900 SH SOLE 1 0 0 1900
BOEING CO COMMON 097023105 1279 29996 SH SOLE 1 900 0 29096
BOISE CASCADE CORP COMMON 097383103 7 200 SH SOLE 1 0 0 200
BOMBARDIER INC CL B 097751200 13 800 SH SOLE 1 0 0 800
BOSTON PROPERTIES INC COMMON 101121101 9 300 SH SOLE 1 0 0 300
BOYD GAMING CORP COMMON 103304101 6 1000 SH SOLE 1 0 0 1000
BRIGGS & STRATTON CORP COMMON 109043109 18 300 SH SOLE 1 0 0 300
BRISTOL MYERS SQUIBB CO COMMON 110122108 1733 25670 SH SOLE 1 0 0 25670
BRITISH TELECOMMUNICATIO DEPOSITORY RECEI 111021408 62 400 SH SOLE 1 0 0 400
BULGARI S P A DEPOSITORY RECEI 12015P102 6 1000 SH SOLE 1 0 0 1000
BURLINGTON NORTHN SANTA COMMON 12189T104 95 3450 SH SOLE 1 0 0 3450
BURLINGTON RES INC COMMON 122014103 157 4272 SH SOLE 1 0 0 4272
BURNHAM PAC PPTYS INC COMMON 12232C108 5 500 SH SOLE 1 0 0 500
CBL & ASSOC PPTYS INC COMMON 124830100 122 5000 SH SOLE 1 0 0 5000
CBS CORP COMMON 12490K107 439 9500 SH SOLE 1 0 0 9500
CMGI INC COMMON 125750109 903 8810 SH SOLE 1 0 0 8810
CMS ENERGY CORP COMMON 125896100 68 2000 SH SOLE 1 0 0 2000
CSX CORP COMMON 126408103 59 1400 SH SOLE 1 0 0 1400
CABLE & WIRELESS PUB LTD DEPOSITORY RECEI 126830207 40 1200 SH SOLE 1 0 0 1200
CABLEVISION SYS CORP CL A 12686C109 29 400 SH SOLE 1 0 0 400
CADBURY SCHWEPPES DEL L PFD QIPS8.625% 127207207 119 4750 SOLE 1 0 0 4750
CAMDEN PPTY TR SH BEN INT 133131102 7 250 SH SOLE 1 0 0 250
CAMPBELL SOUP CO COMMON 134429109 159 4075 SH SOLE 1 0 0 4075
CANADIAN PAC LTD NEW COMMON 135923100 32 1400 SH SOLE 1 0 0 1400
CAROLINA PWR & LT CO COMMON 144141108 18 500 SH SOLE 1 0 0 500
CATERPILLAR INC DEL COMMON 149123101 267 4875 SH SOLE 1 900 0 3975
CELERITY SYSTEMS INC COMMON 15100R107 3 7110 SH SOLE 1 0 0 7110
CELGENE CORP COMMON 151020104 14 500 SH SOLE 1 0 0 500
CELSION CORPORATION COMMON 15117N107 18 20000 SH SOLE 1 0 0 20000
CHAD THERAPEUTICS INC COMMON 157228107 0 103 SH SOLE 1 0 0 103
CHAMPION INTL CORP COMMON 158525105 13 250 SH SOLE 1 0 0 250
CHASE CAP V CAP SEC E7.03% 161479209 44 2000 SOLE 1 0 0 2000
CHASE MANHATTAN CORP NEW COMMON 16161A108 1587 21058 SH SOLE 1 0 0 21058
CHASE MANHATTAN CORP NEW PFD 10.96% 16161A835 19 700 SOLE 1 0 0 700
CHATEAU CMNTYS INC COMMON 161726104 12 460 SH SOLE 1 0 0 460
CHEVRON CORPORATION COMMON 166751107 1391 15677 SH SOLE 1 900 0 14777
CHILDRENS PL RETAIL STOR COMMON 168905107 13 500 SH SOLE 1 0 0 500
CHINA TELECOM H K LTD DEPOSITORY RECEI 169428109 315 5100 SH SOLE 1 0 0 5100
CHUBB CORP COMMON 171232101 342 6900 SH SOLE 1 0 0 6900
CILCORP INC COMMON 171794100 13 200 SH SOLE 1 0 0 200
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 8 200 SH SOLE 1 0 0 200
CISCO SYS INC COMMON 17275R102 11257 164186 SH SOLE 1 1400 0 162786
CISCO SYSTEMS INC CALL OPT JAN 3 17275R102 617 9000 SH CALL SOLE 1 0 0 9000
CISCO SYSTEMS INC PUT OPT OCT 6 17275R102 137 2000 SH PUT SOLE 1 0 0 2000
CITIGROUP INC COMMON 172967101 5784 131455 SH SOLE 1 900 0 130555
CLEAR CHANNEL COMMUNICAT COMMON 184502102 455 5700 SH SOLE 1 0 0 5700
CLOROX CO DEL COMMON 189054109 122 3180 SH SOLE 1 0 0 3180
COASTAL CORP COMMON 190441105 61 1500 SH SOLE 1 0 0 1500
COCA COLA CO COMMON 191216100 3309 68575 SH SOLE 1 750 0 67825
COEUR D ALENE MINES CORP SDCV 6.000 06/1 192108AB4 19 35000 PRN SOLE 1 0 0 35000
COLGATE PALMOLIVE CO COMMON 194162103 1158 25310 SH SOLE 1 0 0 25310
COLONIAL COML CORP COM NEW 195621404 3 1100 SH SOLE 1 0 0 1100
COLT TELECOM GROUP PLC DEPOSITORY RECEI 196877104 58 600 SH SOLE 1 0 0 600
COMCAST CORP CL A SPL 200300200 211 5300 SH SOLE 1 0 0 5300
COMERICA INC COMMON 200340107 53 1050 SH SOLE 1 0 0 1050
COMMODORE APPLIED TECH I COMMON 202630109 1 1000 SH SOLE 1 0 0 1000
COMPAQ COMPUTER CORP COMMON 204493100 3 125 SH SOLE 1 0 0 125
COMPUTER SCIENCES CORP COMMON 205363104 67 950 SH SOLE 1 0 0 950
COMSAT CORP COM SER 1 20564D107 9 316 SH SOLE 1 0 0 316
CONAGRA INC COMMON 205887102 5 200 SH SOLE 1 0 0 200
CONCENTRIC NETWORK CORP COMMON 20589R107 16 800 SH SOLE 1 0 0 800
CONNECTICUT LT & PWR CO PFD 7.23% 207597642 4 93 SOLE 1 0 0 93
CONOCO INC CL A 208251306 193 6950 SH SOLE 1 0 0 6950
CONOCO INC CL B 208251405 72 2640 SH SOLE 1 0 0 2640
CONSOLIDATED EDISON CO N PFD $5 209111707 28 400 SOLE 1 0 0 400
CONSOLIDATED EDISON CO N QUICS7.75%2031 209111848 5 200 SOLE 1 0 0 200
CONSOLIDATED EDISON INC COMMON 209115104 37 900 SH SOLE 1 0 0 900
CONSOLIDATED NAT GAS CO COMMON 209615103 112 1800 SH SOLE 1 0 0 1800
COOPER CAMERON CORP COMMON 216640102 5 125 SH SOLE 1 0 0 125
CORN PRODS INTL INC COMMON 219023108 11 350 SH SOLE 1 0 0 350
CORNING INC COMMON 219350105 449 6550 SH SOLE 1 0 0 6550
COULTER PHARMACEUTICAL COMMON 222116105 24 1700 SH SOLE 1 0 0 1700
AMERICA ONLINE INC CALL OPT JAN 5 22799W9A8 63 600 SH CALL SOLE 1 0 0 600
AMERICA ONLINE INC PUT OPT OCT 7 22799W9V2 75 1000 SH PUT SOLE 1 0 0 1000
DPL INC COMMON 233293109 8 450 SH SOLE 1 0 0 450
DAYTON HUDSON CORP COMMON 239753106 386 6425 SH SOLE 1 0 0 6425
DELL COMPUTER CORP COMMON 247025109 45 1075 SH SOLE 1 0 0 1075
DELPHI AUTOMOTIVE SYS CO COMMON 247126105 16 1017 SH SOLE 1 0 0 1017
DEUTSCHE LUFTHANSA A G DEPOSITORY RECEI 251561205 18 1000 SH SOLE 1 0 0 1000
DEUTSCHE TELEKOM AG DEPOSITORY RECEI 251566105 13 300 SH SOLE 1 0 0 300
DIAGEO P L C DEPOSITORY RECEI 25243Q205 53 1274 SH SOLE 1 0 0 1274
DIAMOND OFFSHORE DRILLIN COMMON 25271C102 17 500 SH SOLE 1 0 0 500
DISNEY WALT COMPANY COMMON 254687106 3172 121999 SH SOLE 1 900 0 121099
DOMINION RES INC VA COMMON 257470104 52 1142 SH SOLE 1 0 0 1142
DONALDSON LUFKIN & JENRE COM DLJ 257661108 32 800 SH SOLE 1 0 0 800
DOUBLECLICK INC COMMON 258609304 119 1000 SH SOLE 1 0 0 1000
DOVER CORP COMMON 260003108 131 3200 SH SOLE 1 0 0 3200
DOW CHEMICAL COMPANY COMMON 260543103 256 2250 SH SOLE 1 0 0 2250
DU PONT E I DE NEMOURS & COMMON 263534109 1480 24455 SH SOLE 1 900 0 23555
DUKE ENERGY CORP COMMON 264399106 127 2300 SH SOLE 1 0 0 2300
DUKE WEEKS REALTY CORP COM NEW 264411505 14 700 SH SOLE 1 0 0 700
E M C CORP MASS COMMON 268648102 410 5750 SH SOLE 1 0 0 5750
ERD WASTE CORP COMMON 268928108 0 1000 SH SOLE 1 0 0 1000
EARTHLINK NETWORK INC COMMON 270322100 4 100 SH SOLE 1 0 0 100
EASTMAN KODAK CO COMMON 277461109 374 4950 SH SOLE 1 900 0 4050
ECHOSTAR COMMUNICATNS CL A 278762109 27 300 SH SOLE 1 0 0 300
ECOM ECOM COM INC COMMON 27889U102 1 300 SH SOLE 1 0 0 300
EDWARDS AG INC COMMON 281760108 45 1700 SH SOLE 1 0 0 1700
EL PASO ENERGY CORP DEL COMMON 283905107 40 1000 SH SOLE 1 0 0 1000
ELAN PLC DEPOSITORY RECEI 284131208 27 800 SH SOLE 1 0 0 800
ELECTRONIC DATA SYS NEW COMMON 285661104 11 200 SH SOLE 1 0 0 200
ELF AQUITAINE DEPOSITORY RECEI 286269105 119 1300 SH SOLE 1 0 0 1300
EMERSON ELEC CO COMMON 291011104 792 12540 SH SOLE 1 0 0 12540
ENDESA S A DEPOSITORY RECEI 29258N107 19 1000 SH SOLE 1 0 0 1000
ENERSIS S A DEPOSITORY RECEI 29274F104 63 3000 SH SOLE 1 0 0 3000
ENRON CORP COMMON 293561106 243 5920 SH SOLE 1 0 0 5920
ENTERGY CORP NEW COMMON 29364G103 9 300 SH SOLE 1 0 0 300
ENTERPRISE OIL PLC DEPOSITORY RECEI 293779203 24 1000 SH SOLE 1 0 0 1000
ENTREMED INC COMMON 29382F103 211 9750 SH SOLE 1 0 0 9750
EQUANT N V DEPOSITORY RECEI 294409107 157 1925 SH SOLE 1 0 0 1925
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 619 19800 SH SOLE 1 0 0 19800
EXXON CORP COMMON 302290101 4783 62931 SH SOLE 1 900 0 62031
EXXON CORP PUT OPT OCT 7 302290101 76 1000 SH PUT SOLE 1 0 0 1000
F & M NATL CORP COMMON 302374103 13 515 SH SOLE 1 0 0 515
FDX CORP COMMON 31304N107 316 8125 SH SOLE 1 0 0 8125
FEDERAL NATL MTG ASSN COMMON 313586109 345 5500 SH SOLE 1 0 0 5500
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 20 950 SH SOLE 1 0 0 950
FIRST EXECUTIVE CORP DEL COMMON 320135106 0 231 SH SOLE 1 0 0 231
FIRST PAC LTD DEPOSITORY RECEI 335889200 1 450 SH SOLE 1 0 0 450
FIRST TENN NATL CORP COMMON 337162101 3 100 SH SOLE 1 0 0 100
FIRST UN CORP COMMON 337358105 116 3260 SH SOLE 1 0 0 3260
FORD MTR CO DEL COMMON 345370100 48 950 SH SOLE 1 0 0 950
FORTIS AMEV N V DEPOSITORY RECEI 34956J101 49 1518 SH SOLE 1 0 0 1518
FORTUNE BRANDS INC COMMON 349631101 85 2648 SH SOLE 1 0 0 2648
FOX ENTMT GROUP INC CL A 35138T107 15 700 SH SOLE 1 0 0 700
FRIGITEMP CORP COMMON 358631109 0 525 SH SOLE 1 0 0 525
GTE CALIF INC PFD 45 4.5%RED 362311201 2 125 SOLE 1 0 0 125
GTE CORP COMMON 362320103 1818 23650 SH SOLE 1 0 0 23650
GABELLI EQUITY TR INC PFD 7.25% 362397309 23 1000 SOLE 1 0 0 1000
GALLAHER GROUP PLC DEPOSITORY RECEI 363595109 3 100 SH SOLE 1 0 0 100
GATEWAY INC COMMON 367626108 9 200 SH SOLE 1 0 0 200
GENERAL ELEC CO COMMON 369604103 19446 164013 SH SOLE 1 900 0 163113
GENERAL ELECTRIC CO CALL OPT JAN 7 369604103 1186 10000 SH CALL SOLE 1 0 0 10000
GENERAL ELECTRIC CO PUT OPT OCT 11 369604103 119 1000 SH PUT SOLE 1 0 0 1000
GENERAL MLS INC COMMON 370334104 97 1200 SH SOLE 1 0 0 1200
GENERAL MTRS CORP COMMON 370442105 698 11083 SH SOLE 1 900 0 10183
GENERAL MTRS CL H CL H NEW 370442832 219 3825 SH SOLE 1 0 0 3825
GEORGIA PAC CORP COM GA PAC GRP 373298108 125 3100 SH SOLE 1 0 0 3100
GEORGIA PAC CORP PEPS UNITS 373298801 18 400 SOLE 1 0 0 400
GILLETTE CO COMMON 375766102 2000 58930 SH SOLE 1 0 0 58930
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 88 1700 SH SOLE 1 0 0 1700
GLOBAL MARINE INC COMMON 379352404 13 820 SH SOLE 1 0 0 820
GLOBAL TELESYSTEMS GROUP COMMON 37936U104 20 1000 SH SOLE 1 0 0 1000
GLOBAL TELESYSTEMS GROUP PFD 1/100 CV 37936U609 62 1500 SH SOLE 1 0 0 1500
GLOBO CABO S A DEPOSITORY RECEI 37957X102 32 6000 SH SOLE 1 0 0 6000
GOLDMAN SACHS GROUP INC COMMON 38141G104 377 6175 SH SOLE 1 0 0 6175
GOODYEAR TIRE & RUBR CO COMMON 382550101 55 1150 SH SOLE 1 850 0 300
GROUPE DANONE DEPOSITORY RECEI 399449107 102 2100 SH SOLE 1 0 0 2100
GROVE PPTY TR SH BEN INT 399613108 66 5000 SH SOLE 1 0 0 5000
GRUPO IUSACELL SA DE CV DEPOSITORY RECEI 40049W306 37 3200 SH SOLE 1 0 0 3200
HALLIBURTON CO COMMON 406216101 318 7750 SH SOLE 1 0 0 7750
HARLEY DAVIDSON INC COMMON 412822108 40 800 SH SOLE 1 0 0 800
HARTFORD FINL SVCS GROUP COMMON 416515104 41 1000 SH SOLE 1 0 0 1000
HAWAIIAN ELEC INDUSTRIES COMMON 419870100 28 800 SH SOLE 1 0 0 800
HERSHEY FOODS CORP COMMON 427866108 29 600 SH SOLE 1 0 0 600
HEWLETT PACKARD CO COMMON 428236103 615 6775 SH SOLE 1 900 0 5875
HOME DEPOT INC COMMON 437076102 1288 18775 SH SOLE 1 0 0 18775
HONEYWELL INC COMMON 438506107 515 4625 SH SOLE 1 0 0 4625
HOWARD SAVINGS COMMON 442765103 1 4000 SH SOLE 1 0 0 4000
HUMAN GENOME SCIENCES COMMON 444903108 18 250 SH SOLE 1 0 0 250
IDEC PHARMACEUTICALS COMMON 449370105 19 200 SH SOLE 1 0 0 200
IRT PPTY CO COMMON 450058102 8 900 SH SOLE 1 0 0 900
IXL ENTERPRISES INC COMMON 450718101 14 400 SH SOLE 1 0 0 400
ITT INDS INC IND COMMON 450911102 5 158 SH SOLE 1 0 0 158
ILLINOIS TOOL WKS INC COMMON 452308109 45 600 SH SOLE 1 0 0 600
INCO LTD COMMON 453258402 9 400 SH SOLE 1 0 0 400
ING GROEP N V DEPOSITORY RECEI 456837103 28 504 SH SOLE 1 0 0 504
INGERSOLL-RAND COMPANY COMMON 456866102 8 150 SH SOLE 1 0 0 150
INKTOMI CORP COMMON 457277101 162 1350 SH SOLE 1 0 0 1350
INKTOMI CORP CALL OPT JAN 7 457277101 360 3000 SH CALL SOLE 1 0 0 3000
INTEL CORP COMMON 458140100 6815 91705 SH SOLE 1 600 0 91105
INTERNATIONAL BUSINESS M COMMON 459200101 11425 94425 SH SOLE 1 900 0 93525
INTERNATIONAL BUS MACH CALL OPT JAN01 8 4592039A5 785 6000 SH CALL SOLE 1 0 0 6000
INTERNATIONAL PAPER CO COMMON 460146103 530 11025 SH SOLE 1 850 0 10175
INTERNET CAP GROUP INC COMMON 46059C106 9 100 SH SOLE 1 0 0 100
JDS UNIPHASE CORP COMMON 46612J101 23 200 SH SOLE 1 0 0 200
INTERNATIONAL BUS MACH CALL OPT JAN01 6 46799W9A7 125 1000 SH CALL SOLE 1 0 0 1000
JEFFERSON PILOT CORP COMMON 475070108 54 850 SH SOLE 1 0 0 850
JOHNSON & JOHNSON COMMON 478160104 4922 53571 SH SOLE 1 900 0 52671
JOHNSON CTLS INC COMMON 478366107 242 3650 SH SOLE 1 0 0 3650
KELLOGG CO COMMON 487836108 5 125 SH SOLE 1 0 0 125
KEYSPAN CORP COMMON 49337W100 326 11400 SH SOLE 1 0 0 11400
KIMBERLY CLARK CORP COMMON 494368103 360 6822 SH SOLE 1 0 0 6822
KIMCO REALTY CORP COMMON 49446R109 4 100 SH SOLE 1 0 0 100
KNIGHT RIDDER INC COMMON 499040103 974 17700 SH SOLE 1 0 0 17700
KNIGHT/TRIMARK GROUP INC CL A 499067106 12 400 SH SOLE 1 0 0 400
KOGER EQUITY INC COMMON 500228101 3 200 SH SOLE 1 0 0 200
KONINKLIJKE AHOLD N V DEPOSITORY RECEI 500467303 29 885 SH SOLE 1 0 0 885
KONINKLIJKE PHILIPS ELEC DEPOSITORY RECEI 500472204 3146 31148 SH SOLE 1 0 0 31148
KOREA TELECOM DEPOSITORY RECEI 50063P103 56 1500 SH SOLE 1 0 0 1500
L OREAL CO DEPOSITORY RECEI 502117203 64 500 SH SOLE 1 0 0 500
LAUDER ESTEE AUTOMATIC C TRACES 6.2% EL 518437207 382 5450 SOLE 1 0 0 5450
LAUDER ESTEE COS INC CL A 518439104 143 3650 SH SOLE 1 0 0 3650
LEXMARK INTL GROUP INC CL A 529771107 1823 22650 SH SOLE 1 0 0 22650
LIBERTY PPTY TR SH BEN INT 531172104 20 900 SH SOLE 1 0 0 900
LILLY ELI & CO COMMON 532457108 1570 24455 SH SOLE 1 0 0 24455
LINENS N THINGS INC COMMON 535679104 2 50 SH SOLE 1 0 0 50
LITTON INDS INC COMMON 538021106 11 200 SH SOLE 1 0 0 200
LOCKHEED MARTIN CORP COMMON 539830109 33 1000 SH SOLE 1 0 0 1000
LOWES COS INC COMMON 548661107 162 3325 SH SOLE 1 0 0 3325
LUCENT TECHNOLOGIES INC COMMON 549463107 5013 77277 SH SOLE 1 0 0 77277
LUCENT TECHNOLOGIES PUT OPT OCT 6 549463107 65 1000 SH PUT SOLE 1 0 0 1000
MBIA INC COMMON 55262C100 7 140 SH SOLE 1 0 0 140
MCI CAP I PFD QUIPS A 55267Y206 19 800 SOLE 1 0 0 800
MCI WORLDCOM INC COMMON 55268B106 697 9700 SH SOLE 1 0 0 9700
MEPC INTL CAP L P QUIPS 9.125%05 55271M206 50 2000 SOLE 1 0 0 2000
MACK CALI RLTY CORP COMMON 554489104 158 5900 SH SOLE 1 0 0 5900
MANNESMANN A G DEPOSITORY RECEI 563775303 31 200 SH SOLE 1 0 0 200
MARINE DRILLING COS INC COM PAR $0.01 568240204 32 2000 SH SOLE 1 0 0 2000
MARSH & MCLENNAN COS INC COMMON 571748102 110 1600 SH SOLE 1 0 0 1600
MATTEL INC COMMON 577081102 5 240 SH SOLE 1 0 0 240
MCDONALDS CORP COMMON 580135101 923 21350 SH SOLE 1 900 0 20450
MCGRAW HILL COS INC COMMON 580645109 24 500 SH SOLE 1 0 0 500
MEDIAONE GROUP INC COMMON 58440J104 14 200 SH SOLE 1 0 0 200
MEDIMMUNE INC COMMON 584699102 10 100 SH SOLE 1 0 0 100
MEDTRONIC INC COMMON 585055106 1335 37550 SH SOLE 1 0 0 37550
MELLON BK CORP COMMON 585509102 84 2500 SH SOLE 1 0 0 2500
MERCK & CO INC COMMON 589331107 4891 75460 SH SOLE 1 900 0 74560
MERRILL LYNCH & CO INC COMMON 590188108 237 3525 SH SOLE 1 0 0 3525
MERRILL LYNCH PFD CAP TR TOPRS 7% 59021F206 45 2000 SOLE 1 0 0 2000
MICROSOFT CORP COMMON 594918104 7453 82300 SH SOLE 1 1200 0 81100
MICRON TECHNOLOGY INC COMMON 595112103 33 500 SH SOLE 1 0 0 500
MID-AMER APT CMNTYS INC COMMON 59522J103 258 12000 SH SOLE 1 0 0 12000
MIIX GROUP INC COMMON 59862V104 20 1155 SH SOLE 1 0 0 1155
MINDSPRING ENTERPRISES I COMMON 602683104 12 425 SH SOLE 1 0 0 425
MINNESOTA MNG & MFG CO COMMON 604059105 1316 13695 SH SOLE 1 900 0 12795
MOBIL CORP COMMON 607059102 1062 10540 SH SOLE 1 0 0 10540
MONSANTO CO COMMON 611662107 105 2950 SH SOLE 1 0 0 2950
MONTANA POWER CO COMMON 612085100 76 2500 SH SOLE 1 0 0 2500
MORGAN J P & CO INC COMMON 616880100 2181 19090 SH SOLE 1 900 0 18190
MORGAN J P & CO INC CALL OPT JAN01 8 61688K9A6 598 5000 SH CALL SOLE 1 0 0 5000
MORGAN STAN DEAN WITTR CALL OPT JAN01 4 6169329A9 365 4000 SH CALL SOLE 1 0 0 4000
MORGAN STANLEY DEAN WITT PERQS SUNW2001 617446240 95 12000 SOLE 1 0 0 12000
MORGAN STANLEY DEAN WITT COM NEW 617446448 230 2575 SH SOLE 1 0 0 2575
MOTOROLA INC COMMON 620076109 955 10850 SH SOLE 1 0 0 10850
MOTOROLA INC CALL OPT JAN 5 620076109 968 11000 SH CALL SOLE 1 0 0 11000
NCR CORP NEW COMMON 62886E108 15 450 SH SOLE 1 0 0 450
NEC CORP DEPOSITORY RECEI 629050204 30 300 SH SOLE 1 0 0 300
NABISCO GROUP HLDG CORP COMMON 62952P102 17 1160 SH SOLE 1 0 0 1160
NATIONAL CITY CORP COMMON 635405103 11 400 SH SOLE 1 0 0 400
NATIONAL FUEL GAS CO N J COMMON 636180101 9 200 SH SOLE 1 0 0 200
NAVIGATORS GROUP INC COMMON 638904102 3 200 SH SOLE 1 0 0 200
NESTLE S A DEPOSITORY RECEI 641069406 1739 18508 SH SOLE 1 0 0 18508
NEW JERSEY ECONOMIC DEV INCM BD 7.6% 29 645915208 241 9800 SOLE 1 0 0 9800
NEW YORK TIMES CO CL A 650111107 41 1100 SH SOLE 1 0 0 1100
NEWELL RUBBERMAID INC COMMON 651229106 97 3389 SH SOLE 1 0 0 3389
NEXTEL COMMUNICATIONS IN CL A 65332V103 98 1450 SH SOLE 1 0 0 1450
NEXTLINK COMMUNICATIONS CL A 65333H707 3264 62950 SH SOLE 1 0 0 62950
NIPPON TELEG & TEL CORP DEPOSITORY RECEI 654624105 395 6400 SH SOLE 1 0 0 6400
NISOURCE INC COMMON 65473P105 26 1197 SH SOLE 1 0 0 1197
NOKIA CORP DEPOSITORY RECEI 654902204 620 6900 SH SOLE 1 0 0 6900
NORFOLK SOUTHERN CORP COMMON 655844108 7 300 SH SOLE 1 0 0 300
NORTEL NETWORKS CORP COMMON 656569100 12 240 SH SOLE 1 0 0 240
NORTHROP GRUMMAN CORP COMMON 666807102 32 500 SH SOLE 1 0 0 500
NORTHWEST NAT GAS CO COMMON 667655104 19 750 SH SOLE 1 0 0 750
NOVARTIS A G DEPOSITORY RECEI 66987V109 727 9807 SH SOLE 1 0 0 9807
NOVELL INC COMMON 670006105 6 300 SH SOLE 1 0 0 300
NOVO-NORDISK A S DEPOSITORY RECEI 670100205 24 400 SH SOLE 1 0 0 400
NUEVO GROUP IUSACELL SA DEPOSITORY RECEI 670512102 19 2000 SH SOLE 1 0 0 2000
OMNIPOINT CORP COMMON 68212D102 316 5650 SH SOLE 1 0 0 5650
ONE VALLEY BANCORP INC COMMON 682419106 73 2108 SH SOLE 1 0 0 2108
OTTER TAIL PWR CO COMMON 689648103 34 800 SH SOLE 1 0 0 800
OXFORD HEALTH PLANS INC COMMON 691471106 105 8400 SH SOLE 1 0 0 8400
PE CORP BIO GRP COM PE BIO GRP 69332S102 116 1600 SH SOLE 1 0 0 1600
PE CORP CELAERA GEN CELERA GEN GRP 69332S201 16 400 SH SOLE 1 0 0 400
PNC BK CORP COMMON 693475105 42 800 SH SOLE 1 0 0 800
PPG INDS INC COMMON 693506107 48 800 SH SOLE 1 0 0 800
PACIFICORP COMMON 695114108 20 1000 SH SOLE 1 0 0 1000
PAMECO CORP COMMON 697934107 7 1000 SH SOLE 1 0 0 1000
PEPSICO INC COMMON 713448108 527 17266 SH SOLE 1 0 0 17266
PET QUARTERS INC COMMON 715844106 5 1500 SH SOLE 1 0 0 1500
PETROLEUM GEO-SVCS A/S DEPOSITORY RECEI 716597109 153 8000 SH SOLE 1 0 0 8000
PHARMACIA & UPJOHN INC COMMON 716941109 56 1125 SH SOLE 1 0 0 1125
PFIZER INC COMMON 717081103 2304 64223 SH SOLE 1 0 0 64223
PFIZER INC CALL OPT JAN01 2 7170849A7 57 1500 SH CALL SOLE 1 0 0 1500
PHILIP MORRIS COS COMMON 718154107 537 15706 SH SOLE 1 750 0 14956
PHILLIPS PETE CO COMMON 718507106 78 1600 SH SOLE 1 0 0 1600
PITNEY BOWES INC COMMON 724479100 12 200 SH SOLE 1 0 0 200
PLUM CREEK TIMBER CO INC COMMON 729251108 72 2300 SH SOLE 1 0 0 2300
POHANG IRON & STL LTD DEPOSITORY RECEI 730450103 9 300 SH SOLE 1 0 0 300
POLARIS INDS INC COMMON 731068102 21 600 SH SOLE 1 0 0 600
POLAROID CORP COMMON 731095105 8 300 SH SOLE 1 0 0 300
PORTUGAL TELECOM S A DEPOSITORY RECEI 737273102 68 1650 SH SOLE 1 0 0 1650
POST PPTYS INC COMMON 737464107 28 700 SH SOLE 1 0 0 700
POTOMAC ELEC PWR CO COMMON 737679100 20 800 SH SOLE 1 0 0 800
POWERTEL INC COMMON 73936C109 168 3050 SH SOLE 1 0 0 3050
PRICELINE COM INC COMMON 741503106 45 700 SH SOLE 1 0 0 700
PROCTER & GAMBLE CO COMMON 742718109 5036 53717 SH SOLE 1 900 0 52817
PROCTER & GAMBLE CO PUT OPT OCT 9 742718109 94 1000 SH PUT SOLE 1 0 0 1000
PROGENICS PHARMACEUTICAL COMMON 743187106 33 1700 SH SOLE 1 0 0 1700
PROGRESSIVE CORP OHIO COMMON 743315103 768 9400 SH SOLE 1 0 0 9400
PROVIDIAN FINL CORP COMMON 74406A102 174 2200 SH SOLE 1 0 0 2200
PUBLIC SVC ENTERPRISE GR COMMON 744573106 82 2115 SH SOLE 1 0 0 2115
QLOGIC CORP COMMON 747277101 405 5800 SH SOLE 1 0 0 5800
QUAKER OATS CO COMMON 747402105 365 5900 SH SOLE 1 0 0 5900
QUALCOMM INC COMMON 747525103 1362 7200 SH SOLE 1 0 0 7200
QUESTAR CORP COMMON 748356102 9 480 SH SOLE 1 0 0 480
QWEST COMMUNICATIONS INT COMMON 749121109 22 750 SH SOLE 1 0 0 750
RGC RES INC COMMON 74955L103 28 1400 SH SOLE 1 0 0 1400
RAYTHEON CO CL A 755111309 10 200 SH SOLE 1 0 0 200
RAYTHEON CO CL B 755111408 122 2450 SH SOLE 1 0 0 2450
RELIANT ENERGY INC COMMON 75952J108 103 3800 SH SOLE 1 0 0 3800
REUTERS GROUP PLC DEPOSITORY RECEI 76132M102 99 1434 SH SOLE 1 0 0 1434
REVLON INC CL A 761525500 2 125 SH SOLE 1 0 0 125
REYNOLDS R J TOB HLDGS I COMMON 76182K105 4 133 SH SOLE 1 0 0 133
RHONE POULENC S A DEPOSITORY RECEI 762426609 46 900 SH SOLE 1 0 0 900
ROCHE HLDG LTD DEPOSITORY RECEI 771195104 46 400 SH SOLE 1 0 0 400
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 994 16832 SH SOLE 1 0 0 16832
SBC COMMUNICATIONS INC COMMON 78387G103 537 10509 SH SOLE 1 0 0 10509
SK TELECOM CO LTD DEPOSITORY RECEI 78440P108 0 6 SH SOLE 1 0 0 6
SAFETY 1ST INC COMMON 786475103 29 4100 SH SOLE 1 0 0 4100
QUALCOMM INC CALL OPT JAN 13 78899W9A9 1360 7000 SH CALL SOLE 1 0 0 7000
ST JUDE MED INC COMMON 790849103 27 850 SH SOLE 1 0 0 850
SAP AKTIENGESELLSCHAFT DEPOSITORY RECEI 803054204 35 925 SH SOLE 1 0 0 925
SCHERING PLOUGH CORP COMMON 806605101 3344 76650 SH SOLE 1 0 0 76650
SCHLUMBERGER LTD COMMON 806857108 2004 32161 SH SOLE 1 0 0 32161
SEARS ROEBUCK & CO COMMON 812387108 33 1050 SH SOLE 1 750 0 300
SECTOR SPDR TR SBI BASIC INDS 81369Y100 8 350 SH SOLE 1 0 0 350
SECTOR SPDR TR SBI CYCL TRANS 81369Y407 3 125 SH SOLE 1 0 0 125
SECTOR SPDR TR SBI INT-FINL 81369Y605 13 600 SH SOLE 1 0 0 600
SECTOR SPDR TR SBI INT-INDS 81369Y704 4 125 SH SOLE 1 0 0 125
SECTOR SPDR TR SBI INT-TECH 81369Y803 21 500 SH SOLE 1 0 0 500
SEMPRA ENERGY COMMON 816851109 104 5000 SH SOLE 1 0 0 5000
SHELL CDA LTD CL A 822567103 87 3950 SH SOLE 1 0 0 3950
SHELL TRANS & TRADING PL DEPOSITORY RECEI 822703609 844 18550 SH SOLE 1 0 0 18550
SHERWIN WILLIAMS CO COMMON 824348106 2 84 SH SOLE 1 0 0 84
SIEMENS A G DEPOSITORY RECEI 826197402 248 3050 SH SOLE 1 0 0 3050
SILVERSTREAM SOFTWARE IN COMMON 827907106 1 25 SH SOLE 1 0 0 25
SIMON PPTY GROUP INC NEW COMMON 828806109 4 200 SH SOLE 1 0 0 200
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 548 9504 SH SOLE 1 0 0 9504
SONOSITE INC COMMON 83568G104 5 200 SH SOLE 1 0 0 200
SONY CORP DEPOSITORY RECEI 835699307 694 4625 SH SOLE 1 0 0 4625
SOUTHERN CO COMMON 842587107 15 600 SH SOLE 1 0 0 600
SOUTHERN UN CO NEW COMMON 844030106 2 105 SH SOLE 1 0 0 105
SOUTHWEST AIRLS CO COMMON 844741108 11 750 SH SOLE 1 0 0 750
SOUTHWEST GAS CORP COMMON 844895102 5 200 SH SOLE 1 0 0 200
SPRINT CORP COM FON GROUP 852061100 849 15650 SH SOLE 1 0 0 15650
PCS SPRINT CORP PCS COM SER 1 852061506 257 3450 SH SOLE 1 0 0 3450
STAPLES INC COMMON 855030102 80 3650 SH SOLE 1 0 0 3650
STATE STR CORP COMMON 857477103 435 6725 SH SOLE 1 0 0 6725
STMICROELECTRONICS N V COMMON 861012102 459 6200 SH SOLE 1 0 0 6200
STRYKER CORP COMMON 863667101 15 300 SH SOLE 1 0 0 300
SUGEN INC COMMON 865041107 6 200 SH SOLE 1 0 0 200
SUMMIT BANCORP COMMON 866005101 257 7934 SH SOLE 1 0 0 7934
SUMMIT PPTYS INC COMMON 866239106 12 600 SH SOLE 1 0 0 600
SUN MICROSYSTEMS INC COMMON 866810104 9398 101050 SH SOLE 1 1300 0 99750
SUN MICROSYSTEMS INC CALL OPT JAN01 3 8668129A0 518 5400 SH CALL SOLE 1 0 0 5400
SWISSCOM AG DEPOSITORY RECEI 871013108 9 300 SH SOLE 1 0 0 300
SYSTEM SOFTWARE ASSOC IN COM NEW 871839205 0 125 SH SOLE 1 0 0 125
TCI SATELLITE ENTMT INC CL A 872298104 4 1000 SH SOLE 1 0 0 1000
TELECOM ITALIA SPA DEPOSITORY RECEI 87927W106 43 500 SH SOLE 1 0 0 500
TELEFONICA S A DEPOSITORY RECEI 879382208 29 600 SH SOLE 1 0 0 600
TELIGENT INC CL A 87959Y103 3528 71010 SH SOLE 1 0 0 71010
TELLABS INC COMMON 879664100 120 2100 SH SOLE 1 0 0 2100
TENGASCO INC COM NEW 88033R205 4 600 SH SOLE 1 0 0 600
TENNECO INC NEW COMMON 88037E101 7 405 SH SOLE 1 0 0 405
TENNESSEE VALLEY AUTH PARRS D 2028 880591300 231 10000 SOLE 1 0 0 10000
TERADYNE INC COMMON 880770102 139 3950 SH SOLE 1 0 0 3950
TEXACO INC COMMON 881694103 830 13150 SH SOLE 1 0 0 13150
TEXAS INSTRS INC COMMON 882508104 3346 40675 SH SOLE 1 0 0 40675
TEXAS UTILS CO COMMON 882848104 19 500 SH SOLE 1 0 0 500
TEXTRON INC COMMON 883203101 392 5070 SH SOLE 1 0 0 5070
TIME WARNER INC COMMON 887315109 2868 47211 SH SOLE 1 0 0 47211
TIME WARNER TELECOM INC CL A 887319101 52 2500 SH SOLE 1 0 0 2500
TIME WARNER CAP I PFD TR 8.875% 88731G204 20 800 SOLE 1 0 0 800
TIMES MIRROR CO NEW COM SER A 887364107 69 1050 SH SOLE 1 0 0 1050
TOOTSIE ROLL INDS INC COMMON 890516107 64 1959 SH SOLE 1 0 0 1959
TORONTO DOMINION BK ONT COM NEW 891160509 20 1000 SH SOLE 1 0 0 1000
TOYS R US INC COMMON 892335100 1 40 SH SOLE 1 0 0 40
TRANSCANADA PIPELINES LT PFD 8.25% 2047 893526723 10 400 SOLE 1 0 0 400
TRAVELERS P&C CAP I PFD TR 8.08% 893931204 108 4400 SOLE 1 0 0 4400
TRICON GLOBAL RESTAURANT COMMON 895953107 10 240 SH SOLE 1 0 0 240
TRIBUNE CO NEW COMMON 896047107 40 800 SH SOLE 1 0 0 800
TYCO INTL LTD CALL OPT JAN01 6 9019189A2 545 5000 SH CALL SOLE 1 0 0 5000
TYCO INTL LTD NEW COMMON 902124106 2253 21820 SH SOLE 1 0 0 21820
USX MARATHON GROUP COM NEW 902905827 173 5900 SH SOLE 1 0 0 5900
USA NETWORKS INC COMMON 902984103 118 3050 SH SOLE 1 0 0 3050
UNUM CORP COMMON 903192102 22 400 SH SOLE 1 0 0 400
ULTRAFEM INC COMMON 903896108 0 10000 SH SOLE 1 0 0 10000
UNILEVER PLC DEPOSITORY RECEI 904767704 500 13010 SH SOLE 1 0 0 13010
UNILEVER N V NY SHS DEPOSITORY RECEI 904784709 17 243 SH SOLE 1 0 0 243
UNION CARBIDE CORP COMMON 905581104 60 1050 SH SOLE 1 850 0 200
UNION PAC CORP COMMON 907818108 82 1700 SH SOLE 1 0 0 1700
UNITED DOMINION INDS LTD COMMON 909914103 8 350 SH SOLE 1 0 0 350
UNITED DOMINION REALTY T COMMON 910197102 3 250 SH SOLE 1 0 0 250
UNITED HEALTHCARE CORP COMMON 910581107 19 400 SH SOLE 1 0 0 400
UNITED STATES CELLULAR C COMMON 911684108 4500 66180 SH SOLE 1 0 0 66180
UNITED STATES CELLULAR C NOTE 6/1 911684AA6 64 100000 PRN SOLE 1 0 0 100000
U S WEST INC NEW COMMON 91273H101 85 1488 SH SOLE 1 0 0 1488
UNITED TECHNOLOGIES CORP COMMON 913017109 1269 21400 SH SOLE 1 900 0 20500
UNIVISION COMMUNICATIONS CL A 914906102 138 1700 SH SOLE 1 0 0 1700
UNOCAL CORP COMMON 915289102 17 450 SH SOLE 1 0 0 450
VALASSIS COMMUNICATIONS COMMON 918866104 165 3750 SH SOLE 1 0 0 3750
VENATOR GROUP INC COMMON 922944103 4 500 SH SOLE 1 0 0 500
VERITAS SOFTWARE CO COMMON 923436109 191 2514 SH SOLE 1 0 0 2514
VICON INDS INC COMMON 925811101 1 100 SH SOLE 1 0 0 100
VISTA PPTYS INC CL A 928382100 0 24 SH SOLE 1 0 0 24
VITESSE SEMICONDUCTOR CO COMMON 928497106 38 450 SH SOLE 1 0 0 450
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 461 1939 SH SOLE 1 0 0 1939
VOICESTREAM WIRELESS COR COMMON 928615103 1352 21900 SH SOLE 1 0 0 21900
VOLKSWAGEN AG DEPOSITORY RECEI 928662303 97 8700 SH SOLE 1 0 0 8700
WAL MART STORES INC COMMON 931142103 718 15100 SH SOLE 1 900 0 14200
WALGREEN CO COMMON 931422109 75 2950 SH SOLE 1 0 0 2950
WARNER LAMBERT CO COMMON 934488107 352 5300 SH SOLE 1 0 0 5300
WASHINGTON MUT INC COMMON 939322103 43 1475 SH SOLE 1 0 0 1475
WEBSTER FINL CORP CONN COMMON 947890109 3 100 SH SOLE 1 0 0 100
WEINGARTEN RLTY INVS PFD A 7.44% 948741202 4 200 SOLE 1 0 0 200
WELLS FARGO & CO NEW COMMON 949746101 170 4302 SH SOLE 1 0 0 4302
WESTERN RES INC COMMON 959425109 15 700 SH SOLE 1 0 0 700
WESTERN WIRELESS CORP CL A 95988E204 910 20300 SH SOLE 1 0 0 20300
WEYERHAEUSER CO COMMON 962166104 12 200 SH SOLE 1 0 0 200
WHIRLPOOL CORP COMMON 963320106 7 100 SH SOLE 1 0 0 100
WHOLE FOODS MKT INC COMMON 966837106 3 100 SH SOLE 1 0 0 100
WILLIAMS COS INC DEL COMMON 969457100 263 7000 SH SOLE 1 0 0 7000
WINSTAR COMMUNICATIONS I COMMON 975515107 240 6150 SH SOLE 1 0 0 6150
A T & T CORP CALL OPT JAN01 4 97899W9A9 80 1500 SH CALL SOLE 1 0 0 1500
MCI WORLDCOM INC CALL OPT JAN01 5 9819169A9 398 5000 SH CALL SOLE 1 0 0 5000
XILINX INC COMMON 983919101 26 400 SH SOLE 1 0 0 400
XEROX CORP COMMON 984121103 2205 52570 SH SOLE 1 0 0 52570
XOMED SURGICAL PRODS INC COMMON 98412V107 11 200 SH SOLE 1 0 0 200
YAHOO INC COMMON 984332106 596 3320 SH SOLE 1 0 0 3320
DAIMLERCHRYSLER AG ORD D1668R123 641 9231 SH SOLE 1 0 0 9231
BSCH FINANCE LTD PREF G 8.125% G16547161 170 6750 SOLE 1 0 0 6750
ESPIRITO SANTO OVERSEAS PREF A 8.5% G3122A107 12 500 SOLE 1 0 0 500
KNIGHTSBRIDGE TANKERS LT ORD G5299G106 64 4000 SH SOLE 1 0 0 4000
PARTNERRE LTD PFD SER A 8% G6852T113 8 350 SOLE 1 0 0 350
RHONE-POULENC OVERSEAS L PREF A 8.125% G75495104 12 500 SOLE 1 0 0 500
SANTANDER FINANCE PREF. SE G7804A160 43 1600 SOLE 1 0 0 1600
TRANSOCEAN OFFSHORE INC ORD G90076103 114 3725 SH SOLE 1 0 0 3725
TRITON ENERGY LTD ORD G90751101 4 300 SH SOLE 1 0 0 300
MILLICOM INTL CELLULAR ORD L6388F102 11 400 SH SOLE 1 0 0 400
ASM LITHOGRAPHY HLDG N V DEPOSITORY RECEI N07059111 34 500 SH SOLE 1 0 0 500
AB SVENSK EXPORTKREDIT PFD EXCH W92947212 46 2000 SOLE 1 0 0 2000
</TABLE>
*Pursuant to Special Instruction iii to Form 13F, the Manager has calculated the
values of the above referenced options in response to this Item 4 based upon
the values of their respective underlying securities. Such values do not
reflect, and are greater than, the values of the options themselves as shown in
the books and records of the Manager.
