UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
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.
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. 1/25/2000
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): $339,710
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 167 2300 SH SOLE 1 0 0 2300
ABN AMRO HLDG NV DEPOSITORY RECEI 000937102 15 608 SH SOLE 1 0 0 608
AFLAC INC COMMON 001055102 7358 155939 SH SOLE 1 0 0 155939
AFN INC COM NEW 001057207 0 545 SH SOLE 1 0 0 545
AGL RES INC COMMON 001204106 22 1300 SH SOLE 1 0 0 1300
AMFM INC COMMON 001693100 1054 13475 SH SOLE 1 0 0 13475
AMLI RESIDENTIAL PPTYS T SH BEN INT 001735109 202 10000 SH SOLE 1 0 0 10000
AT&T CORP COMMON 001957109 5496 108153 SH SOLE 1 900 0 107253
AT&T LIB GRP A COM LIB GRP A 001957208 3609 63520 SH SOLE 1 0 0 63520
A R T INTERNATIONAL INC COMMON 00207G105 0 81 SH SOLE 1 0 0 81
AT & T CDA INC DEPS RCPT CL B 00207Q202 16 400 SH SOLE 1 0 0 400
ABB AB DEPOSITORY RECEI 00256Q103 31 2300 SH SOLE 1 0 0 2300
ABBOTT LABS COMMON 002824100 76 2100 SH SOLE 1 0 0 2100
AERIAL COMMUNICATIONS IN COMMON 007655103 542 8900 SH SOLE 1 0 0 8900
AFFYMETRIX INC COMMON 00826T108 187 1100 SH SOLE 1 0 0 1100
AIRNET COMMUNICATIONS CO COMMON 00941P106 4 100 SH SOLE 1 0 0 100
ALABAMA POWER PFD $7.600 010388205 4 200 SOLE 1 0 0 200
ALCIDE CORP COM NEW 013742507 3 200 SH SOLE 1 0 0 200
ALCOA INC COMMON 013817101 772 9300 SH SOLE 1 900 0 8400
ALCATEL DEPOSITORY RECEI 013904305 18 400 SH SOLE 1 0 0 400
ALEXANDERS INC COMMON 014752109 8 100 SH SOLE 1 0 0 100
ALLEGHENY ENERGY INC COMMON 017361106 122 4540 SH SOLE 1 0 0 4540
ALLIANT CORP COMMON 018802108 18 672 SH SOLE 1 0 0 672
ALLIED IRISH BKS P L C DEPOSITORY RECEI 019228402 232 11000 SH SOLE 1 0 0 11000
ALLSTATE FIN PFD PFD $7.950 020013207 4 200 SOLE 1 0 0 200
ALTEON INC COMMON 02144G107 0 400 SH SOLE 1 0 0 400
AMAZON COM INC COMMON 023135106 30 400 SH SOLE 1 0 0 400
AMEREN CORP COMMON 023608102 7 200 SH SOLE 1 0 0 200
AMERICA ONLINE INC DEL COMMON 02364J104 4137 54520 SH SOLE 1 1600 0 52920
AMERICAN BINGO & GAMING COMMON 024596108 1 1000 SH SOLE 1 0 0 1000
AMERICAN EXPRESS CO COMMON 025816109 5031 30260 SH SOLE 1 900 0 29360
AMERICAN EXPRESS CO CALL OPT JAN01 9 02581K9A8 857 5000 SH CALL SOLE 1 0 0 5000
AMERICAN EXPRESS CO CAP QUIPS I 7% 02583Y205 40 2000 SOLE 1 0 0 2000
AMERICAN GREETINGS CORP CL A 026375105 9 400 SH SOLE 1 0 0 400
AMERICAN HOME PRODS CORP COMMON 026609107 1855 47249 SH SOLE 1 0 0 47249
AMERICAN INTL GROUP INC COMMON 026874107 3689 34115 SH SOLE 1 0 0 34115
AMERICAN INTL GROUP CALL OPT JAN01 9 0269279A3 1185 10000 SH CALL SOLE 1 0 0 10000
AMERICAN MOBILE SATELLIT COMMON 02755R103 6 300 SH SOLE 1 0 0 300
AMERICAN STD COS INC DEL COMMON 029712106 151 3300 SH SOLE 1 0 0 3300
AMGEN INC COMMON 031162100 787 13100 SH SOLE 1 0 0 13100
AMGEN INC CALL OPT JAN01 2 0311639A8 830 13000 SH CALL SOLE 1 0 0 13000
AMSOUTH BANCORPORATION COMMON 032165102 119 6154 SH SOLE 1 0 0 6154
ANHEUSER BUSCH COS INC COMMON 035229103 65 920 SH SOLE 1 0 0 920
APARTMENT INVT & MGMT CO CL A 03748R101 12 300 SH SOLE 1 0 0 300
APPLE COMPUTER INC COMMON 037833100 31 300 SH SOLE 1 0 0 300
AQUIS COMMUNICATIONS INC COMMON 038399101 17 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 79 10000 SH SOLE 1 0 0 10000
ASK JEEVES INC COMMON 045174109 11 100 SH SOLE 1 0 0 100
ASSOCIATED GROUP INC CL A 045651106 1547 16950 SH SOLE 1 0 0 16950
ASSOCIATED GROUP INC CL B 045651205 22 240 SH SOLE 1 0 0 240
AT HOME CORP COM SER A 045919107 9 200 SH SOLE 1 0 0 200
ATLANTIC RICHFIELD CO COMMON 048825103 52 600 SH SOLE 1 0 0 600
AULT INC COMMON 051503100 9 1000 SH SOLE 1 0 0 1000
AUTODESK INC COMMON 052769106 3 100 SH SOLE 1 0 0 100
AVALONBAY CMNTYS INC COMMON 053484101 27 768 SH SOLE 1 0 0 768
AVALONBAY CMNTYS INC PFD SER-F 9% 053484507 3 160 SOLE 1 0 0 160
AVENTIS DEPOSITORY RECEI 053561106 51 900 SH SOLE 1 0 0 900
AXA DEPOSITORY RECEI 054536107 28 400 SH SOLE 1 0 0 400
BB&T CORP COMMON 054937107 6 236 SH SOLE 1 0 0 236
BCE INC COMMON 05534B109 36 400 SH SOLE 1 0 0 400
BP AMOCO P L C DEPOSITORY RECEI 055622104 695 11716 SH SOLE 1 0 0 11716
BMC SOFTWARE INC COMMON 055921100 228 2850 SH SOLE 1 0 0 2850
BAKER HUGHES INC COMMON 057224107 63 3000 SH SOLE 1 0 0 3000
BANK OF AMERICA CORP COMMON 060505104 159 3168 SH SOLE 1 0 0 3168
BANK OF THE SOMERSET HIL COMMON 063913107 21 1500 SH SOLE 1 0 0 1500
BANK NEW YORK INC COMMON 064057102 490 12250 SH SOLE 1 0 0 12250
BANK ONE CORP COMMON 06423A103 32 1000 SH SOLE 1 0 0 1000
BANKAMERICA CAP I TOPRS 7.75% 066046202 4 200 SOLE 1 0 0 200
BARCLAYS BK PLC DEPOSITORY RECEI 06738C836 4 200 SH SOLE 1 0 0 200
BARCLAYS PLC DEPOSITORY RECEI 06738E204 238 2063 SH SOLE 1 0 0 2063
BARNES & NOBLE INC COMMON 067774109 3 150 SH SOLE 1 0 0 150
BECTON DICKINSON & CO COMMON 075887109 722 26805 SH SOLE 1 0 0 26805
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 1529 24844 SH SOLE 1 0 0 24844
BELLSOUTH CORP COMMON 079860102 643 13746 SH SOLE 1 0 0 13746
BESTFOODS COMMON 08658U101 1159 22050 SH SOLE 1 0 0 22050
BETHLEHEM STL CORP PFD CV $2.50 087509402 23 1000 SH SOLE 1 0 0 1000
BIOGEN INC COMMON 090597105 401 4750 SH SOLE 1 0 0 4750
BIOGEN INC CALL OPT JAN01 4 0909349A0 620 7000 SH CALL SOLE 1 0 0 7000
BLACK & DECKER CORP COMMON 091797100 42 800 SH SOLE 1 0 0 800
BLACK HILLS CORP COMMON 092113109 33 1500 SH SOLE 1 0 0 1500
BOEING CO COMMON 097023105 589 14226 SH SOLE 1 900 0 13326
BOMBARDIER INC CL B 097751200 16 800 SH SOLE 1 0 0 800
BOSTON PROPERTIES INC COMMON 101121101 9 300 SH SOLE 1 0 0 300
BRIGGS & STRATTON CORP COMMON 109043109 16 300 SH SOLE 1 0 0 300
BRISTOL MYERS SQUIBB CO COMMON 110122108 1766 27520 SH SOLE 1 0 0 27520
BRITISH TELECOMMUNICATIO DEPOSITORY RECEI 111021408 95 400 SH SOLE 1 0 0 400
BULGARI S P A DEPOSITORY RECEI 12015P102 8 1000 SH SOLE 1 0 0 1000
BURLINGTON NORTHN SANTA COMMON 12189T104 84 3450 SH SOLE 1 0 0 3450
BURLINGTON RES INC COMMON 122014103 120 3622 SH SOLE 1 0 0 3622
BURNHAM PAC PPTYS INC COMMON 12232C108 5 500 SH SOLE 1 0 0 500
CBL & ASSOC PPTYS INC COMMON 124830100 103 5000 SH SOLE 1 0 0 5000
CBS CORP COMMON 12490K107 577 9027 SH SOLE 1 0 0 9027
CMGI INC COMMON 125750109 2561 9250 SH SOLE 1 0 0 9250
CMGI INC CALL OPT JAN01 8 12575G9A4 849 3000 SH CALL SOLE 1 0 0 3000
CABLE & WIRELESS PUB LTD DEPOSITORY RECEI 126830207 29 550 SH SOLE 1 0 0 550
CABLEVISION SYS CORP CL A 12686C109 30 400 SH SOLE 1 0 0 400
CADBURY SCHWEPPES DEL L PFD QIPS8.625% 127207207 118 5000 SOLE 1 0 0 5000
CAMDEN PPTY TR SH BEN INT 133131102 7 250 SH SOLE 1 0 0 250
CAMPBELL SOUP CO COMMON 134429109 137 3550 SH SOLE 1 0 0 3550
CANADIAN PAC LTD NEW COMMON 135923100 30 1400 SH SOLE 1 0 0 1400
CANON INC DEPOSITORY RECEI 138006309 99 2450 SH SOLE 1 0 0 2450
CAROLINA PWR & LT CO COMMON 144141108 15 500 SH SOLE 1 0 0 500
CATERPILLAR INC DEL COMMON 149123101 99 2100 SH SOLE 1 900 0 1200
CELGENE CORP COMMON 151020104 305 4350 SH SOLE 1 0 0 4350
CELL PATHWAYS INC NEW COMMON 15114R101 5 500 SH SOLE 1 0 0 500
CELSION CORPORATION COMMON 15117N107 59 20000 SH SOLE 1 0 0 20000
CENTENNIAL CELLULAR CORP CL A NEW 15133V208 858 10350 SH SOLE 1 0 0 10350
CHAD THERAPEUTICS INC COMMON 157228107 0 103 SH SOLE 1 0 0 103
CHAMPION INTL CORP COMMON 158525105 15 250 SH SOLE 1 0 0 250
CHASE CAP V CAP SEC E7.03% 161479209 42 2000 SOLE 1 0 0 2000
CHASE MANHATTAN CORP NEW COMMON 16161A108 1676 21571 SH SOLE 1 0 0 21571
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 1092 12607 SH SOLE 1 0 0 12607
CHINA TELECOM HONG KONG DEPOSITORY RECEI 169428109 971 7550 SH SOLE 1 0 0 7550
CHUBB CORP COMMON 171232101 498 8850 SH SOLE 1 0 0 8850
CISCO SYS INC COMMON 17275R102 17953 167592 SH SOLE 1 1400 0 166192
CISCO SYSTEMS INC CALL OPT JAN01 5 17275T9A8 999 9000 SH CALL SOLE 1 0 0 9000
CITIGROUP INC COMMON 172967101 7256 130294 SH SOLE 1 900 0 129394
CLASSIC COMMUNICATIONS I CL A 182728204 15 400 SH SOLE 1 0 0 400
CLEAR CHANNEL COMMUNICAT COMMON 184502102 531 5950 SH SOLE 1 0 0 5950
CLOROX CO DEL COMMON 189054109 368 7315 SH SOLE 1 0 0 7315
COASTAL CORP COMMON 190441105 53 1500 SH SOLE 1 0 0 1500
COCA COLA CO COMMON 191216100 4348 74650 SH SOLE 1 850 0 73800
COEUR D ALENE MINES CORP SDCV 6.000 06/1 192108AB4 20 35000 PRN SOLE 1 0 0 35000
COLGATE PALMOLIVE CO COMMON 194162103 1635 25150 SH SOLE 1 0 0 25150
COLONIAL COML CORP COM NEW 195621404 4 1100 SH SOLE 1 0 0 1100
COLT TELECOM GROUP PLC DEPOSITORY RECEI 196877104 388 1900 SH SOLE 1 0 0 1900
COMCAST CORP CL A SPL 200300200 316 6250 SH SOLE 1 0 0 6250
COMERICA INC COMMON 200340107 49 1050 SH SOLE 1 0 0 1050
COMPAQ COMPUTER CORP COMMON 204493100 30 1100 SH SOLE 1 0 0 1100
COMPUTER SCIENCES CORP COMMON 205363104 71 750 SH SOLE 1 0 0 750
COMSAT CORP COM SER 1 20564D107 6 316 SH SOLE 1 0 0 316
CONCENTRIC NETWORK CORP COMMON 20589R107 15 500 SH SOLE 1 0 0 500
CONNECTICUT LT & PWR CO PFD 7.23% 207597642 4 93 SOLE 1 0 0 93
CONOCO INC A CL A 208251306 222 8950 SH SOLE 1 0 0 8950
CONOCO INC B CL B 208251405 76 3060 SH SOLE 1 0 0 3060
CONSOLIDATED EDISON CO N PFD $5 209111707 27 400 SOLE 1 0 0 400
CONSOLIDATED EDISON CO N QUICS7.75%2031 209111848 4 200 SOLE 1 0 0 200
CONSOLIDATED EDISON INC COMMON 209115104 31 900 SH SOLE 1 0 0 900
CONSOLIDATED NAT GAS CO COMMON 209615103 104 1600 SH SOLE 1 0 0 1600
COOPER CAMERON CORP COMMON 216640102 6 125 SH SOLE 1 0 0 125
CORN PRODS INTL INC COMMON 219023108 11 350 SH SOLE 1 0 0 350
CORNING INC COMMON 219350105 571 4425 SH SOLE 1 0 0 4425
CORNING INC CALL OPT JAN01 8 2193529A1 963 7000 SH CALL SOLE 1 0 0 7000
COULTER PHARMACEUTICAL I COMMON 222116105 296 13050 SH SOLE 1 0 0 13050
COUSINS PPTYS INC COMMON 222795106 170 5000 SH SOLE 1 0 0 5000
COVAD COMMUNICATIONS GRO COMMON 222814204 6 100 SH SOLE 1 0 0 100
AMERICA ONLINE INC CALL OPT JAN 2 22799W9A8 91 1200 SH CALL SOLE 1 0 0 1200
DAYTON HUDSON CORP COMMON 239753106 472 6425 SH SOLE 1 0 0 6425
DELL COMPUTER CORP COMMON 247025109 87 1700 SH SOLE 1 0 0 1700
DELPHI AUTOMOTIVE SYS CO COMMON 247126105 6 364 SH SOLE 1 0 0 364
DEUTSCHE LUFTHANSA A G DEPOSITORY RECEI 251561205 23 1000 SH SOLE 1 0 0 1000
DEUTSCHE TELEKOM AG DEPOSITORY RECEI 251566105 21 300 SH SOLE 1 0 0 300
DIAGEO P L C DEPOSITORY RECEI 25243Q205 50 1550 SH SOLE 1 0 0 1550
DIAMOND OFFSHORE DRILLIN COMMON 25271C102 15 500 SH SOLE 1 0 0 500
DIAMONDS TR UNIT SER 1 252787106 381 3310 SH SOLE 1 0 0 3310
DISNEY WALT CO COM DISNEY 254687106 3077 105203 SH SOLE 1 900 0 104303
DOMINION RES INC VA COMMON 257470104 45 1142 SH SOLE 1 0 0 1142
DOUBLECLICK INC COMMON 258609304 240 950 SH SOLE 1 0 0 950
DOVER CORP COMMON 260003108 145 3200 SH SOLE 1 0 0 3200
DOW CHEM CO COMMON 260543103 100 750 SH SOLE 1 0 0 750
DU PONT E I DE NEMOURS & COMMON 263534109 1536 23314 SH SOLE 1 900 0 22414
DUKE ENERGY CORP COMMON 264399106 113 2250 SH SOLE 1 0 0 2250
DUKE WEEKS REALTY CORP COM NEW 264411505 8 400 SH SOLE 1 0 0 400
E M C CORP MASS COMMON 268648102 808 7400 SH SOLE 1 0 0 7400
ENI S P A DEPOSITORY RECEI 26874R108 28 500 SH SOLE 1 0 0 500
ERD WASTE CORP COMMON 268928108 0 1000 SH SOLE 1 0 0 1000
E-TEK DYNAMICS INC COMMON 269240107 1095 8130 SH SOLE 1 0 0 8130
EASTMAN KODAK CO COMMON 277461109 181 2725 SH SOLE 1 900 0 1825
ECHOSTAR COMMUNICATIONS CL A 278762109 59 600 SH SOLE 1 0 0 600
EDWARDS AG INC COMMON 281760108 55 1700 SH SOLE 1 0 0 1700
EL PASO ENERGY CORP DEL COMMON 283905107 39 1000 SH SOLE 1 0 0 1000
ELAN PLC DEPOSITORY RECEI 284131208 15 500 SH SOLE 1 0 0 500
ELECTRONIC ARTS INC COMMON 285512109 17 200 SH SOLE 1 0 0 200
ELECTRONIC DATA SYS NEW COMMON 285661104 13 200 SH SOLE 1 0 0 200
ELECTRONICS FOR IMAGING COMMON 286082102 6 100 SH SOLE 1 0 0 100
EMERSON ELEC CO COMMON 291011104 492 8570 SH SOLE 1 0 0 8570
ENDESA S A DEPOSITORY RECEI 29258N107 57 2800 SH SOLE 1 0 0 2800
ENERSIS S A DEPOSITORY RECEI 29274F104 88 3800 SH SOLE 1 0 0 3800
ENGAGE TECHNOLOGIES INC COMMON 292827102 12 200 SH SOLE 1 0 0 200
ENRON CORP COMMON 293561106 263 5920 SH SOLE 1 0 0 5920
ENTERGY CORP NEW COMMON 29364G103 8 300 SH SOLE 1 0 0 300
ENTERPRISE OIL PLC DEPOSITORY RECEI 293779203 24 1000 SH SOLE 1 0 0 1000
ENTERPRISE OIL PLC DEPOSITORY RECEI 293779302 6 300 SH SOLE 1 0 0 300
ENTREMED INC COMMON 29382F103 469 18300 SH SOLE 1 0 0 18300
EQUANT N V DEPOSITORY RECEI 294409107 456 4075 SH SOLE 1 0 0 4075
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 2056 31300 SH SOLE 1 0 0 31300
EXODUS COMMUNICATIONS IN COMMON 302088109 740 8330 SH SOLE 1 0 0 8330
EXXON MOBIL CORP COMMON 30231G102 6188 76813 SH SOLE 1 900 0 75913
F & M NATL CORP COMMON 302374103 14 515 SH SOLE 1 0 0 515
FDX CORP COMMON 31304N107 162 3950 SH SOLE 1 0 0 3950
FEDERAL NATL MTG ASSN COMMON 313586109 356 5700 SH SOLE 1 0 0 5700
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 10 550 SH SOLE 1 0 0 550
FINISAR COMMON 31787A101 22 245 SH SOLE 1 0 0 245
FIRST EXECUTIVE CORP DEL COMMON 320135106 0 231 SH SOLE 1 0 0 231
FIRST PAC LTD DEPOSITORY RECEI 335889200 2 450 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 127 3860 SH SOLE 1 0 0 3860
FORD MTR CO DEL COMMON 345370100 45 850 SH SOLE 1 0 0 850
FORTIS AMEV N V DEPOSITORY RECEI 34956J101 54 1518 SH SOLE 1 0 0 1518
FORTUNE BRANDS INC COMMON 349631101 76 2300 SH SOLE 1 0 0 2300
FRANCE TELECOM DEPOSITORY RECEI 35177Q105 80 600 SH SOLE 1 0 0 600
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 1623 23000 SH SOLE 1 0 0 23000
GABELLI EQUITY TR INC PFD 7.25% 362397309 22 1000 SOLE 1 0 0 1000
GALLAHER GROUP PLC DEPOSITORY RECEI 363595109 2 100 SH SOLE 1 0 0 100
GATEWAY INC COMMON 367626108 11 150 SH SOLE 1 0 0 150
GENENTECH INC COM NEW 368710406 377 2800 SH SOLE 1 0 0 2800
GENETECH INC CALL OPT JUN 8 368710208 486 10000 SH CALL SOLE 1 0 0 10000
GENERAL DYNAMICS CORP COMMON 369550108 5 100 SH SOLE 1 0 0 100
GENERAL ELEC CO COMMON 369604103 25099 162188 SH SOLE 1 900 0 161288
GENERAL ELECTRIC CO CALL OPT JAN01 9 3696079A6 1611 10000 SH CALL SOLE 1 0 0 10000
GENERAL MTRS CORP COMMON 370442105 838 11533 SH SOLE 1 900 0 10633
GENERAL MTRS CL H CL H NEW 370442832 463 4825 SH SOLE 1 0 0 4825
GEORGIA PAC CORP COM GA PAC GRP 373298108 160 3150 SH SOLE 1 0 0 3150
GEORGIA PAC CORP PEPS UNITS 373298801 20 400 SOLE 1 0 0 400
GILLETTE CO COMMON 375766102 2192 53220 SH SOLE 1 0 0 53220
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 95 1700 SH SOLE 1 0 0 1700
GLOBAL MARINE INC COMMON 379352404 2 150 SH SOLE 1 0 0 150
GLOBAL TELESYSTEMS GROUP COMMON 37936U104 35 1000 SH SOLE 1 0 0 1000
GLOBO CABO S A DEPOSITORY RECEI 37957X102 198 11000 SH SOLE 1 0 0 11000
GOLDMAN SACHS GROUP INC COMMON 38141G104 582 6175 SH SOLE 1 0 0 6175
GROUPE DANONE DEPOSITORY RECEI 399449107 324 6950 SH SOLE 1 0 0 6950
GROVE PPTY TR SH BEN INT 399613108 66 5000 SH SOLE 1 0 0 5000
HALLIBURTON CO COMMON 406216101 312 7750 SH SOLE 1 0 0 7750
HARLEY DAVIDSON INC COMMON 412822108 51 800 SH SOLE 1 0 0 800
HARTFORD FINL SVCS GROUP COMMON 416515104 47 1000 SH SOLE 1 0 0 1000
HAWAIIAN ELEC INDUSTRIES COMMON 419870100 23 800 SH SOLE 1 0 0 800
HERSHEY FOODS CORP COMMON 427866108 28 600 SH SOLE 1 0 0 600
HEWLETT PACKARD CO COMMON 428236103 806 7085 SH SOLE 1 900 0 6185
HOME DEPOT INC COMMON 437076102 2158 31388 SH SOLE 1 1350 0 30038
HONEYWELL INTL INC COMMON 438516106 1767 30629 SH SOLE 1 900 0 29729
HOWARD SAVINGS COMMON 442765103 1 4000 SH SOLE 1 0 0 4000
HUMAN GENOME SCIENCES IN COMMON 444903108 46 300 SH SOLE 1 0 0 300
IDEC PHARMACEUTICALS COR COMMON 449370105 39 400 SH SOLE 1 0 0 400
IRT PPTY CO COMMON 450058102 7 900 SH SOLE 1 0 0 900
IXL ENTERPRISES INC COMMON 450718101 22 400 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 47 700 SH SOLE 1 0 0 700
IMPATH INC COMMON 45255G101 144 5650 SH SOLE 1 0 0 5650
ING GROEP N V DEPOSITORY RECEI 456837103 92 1504 SH SOLE 1 0 0 1504
INGERSOLL-RAND CO COMMON 456866102 14 250 SH SOLE 1 0 0 250
INKTOMI CORP COMMON 457277101 173 1950 SH SOLE 1 0 0 1950
INTEL CORP COMMON 458140100 7767 94355 SH SOLE 1 900 0 93455
INTERNATIONAL BUSINESS M COMMON 459200101 10649 98720 SH SOLE 1 900 0 97820
INTERNATIONAL BUS MACH CALL OPT JAN01 8 4592039A5 1183 10000 SH CALL SOLE 1 0 0 10000
INTL PAPER CO COMMON 460146103 636 11275 SH SOLE 1 850 0 10425
INTERNET CAP GROUP INC COMMON 46059C106 153 900 SH SOLE 1 0 0 900
INTERNET HOLDRS TR DEPOSIT RCPT 46059W102 1065 6300 SH SOLE 1 400 0 5900
INTERPUBLIC GROUP COS IN COMMON 460690100 12 200 SH SOLE 1 0 0 200
JDS UNIPHASE CORP COMMON 46612J101 436 2700 SH SOLE 1 0 0 2700
INTERNATIONAL BUS MACH CALL OPT JAN01 6 46799W9A7 113 1000 SH CALL SOLE 1 0 0 1000
JEFFERSON PILOT CORP COMMON 475070108 48 700 SH SOLE 1 0 0 700
JOHNSON & JOHNSON COMMON 478160104 5106 54751 SH SOLE 1 900 0 53851
JOHNSON CTLS INC COMMON 478366107 208 3650 SH SOLE 1 0 0 3650
KEYSPAN CORP COMMON 49337W100 264 11400 SH SOLE 1 0 0 11400
KIMBERLY CLARK CORP COMMON 494368103 538 8222 SH SOLE 1 0 0 8222
KIMCO REALTY CORP COMMON 49446R109 3 100 SH SOLE 1 0 0 100
KNIGHT RIDDER INC COMMON 499040103 360 6050 SH SOLE 1 0 0 6050
KNIGHT/TRIMARK GROUP INC CL A 499067106 14 300 SH SOLE 1 0 0 300
KONINKLIJKE AHOLD N V DEPOSITORY RECEI 500467303 26 885 SH SOLE 1 0 0 885
KONINKLIJKE PHILIPS ELEC DEPOSITORY RECEI 500472204 4379 32438 SH SOLE 1 0 0 32438
KOREA TELECOM DEPOSITORY RECEI 50063P103 153 2050 SH SOLE 1 0 0 2050
LSI LOGIC CORP CALL OPT JAN02 2 5019489A3 721 10000 SH CALL SOLE 1 0 0 10000
L OREAL CO DEPOSITORY RECEI 502117203 80 500 SH SOLE 1 0 0 500
LSI LOGIC CORP COMMON 502161102 27 400 SH SOLE 1 0 0 400
QUALCOMM INC PUT OPT JAN 13 50899W9M2 539 4000 SH PUT SOLE 1 0 0 4000
LATTICE SEMICONDUCTOR CO COMMON 518415104 7 150 SH SOLE 1 0 0 150
LAUDER ESTEE AUTOMATIC C TRACES 6.2% EL 518437207 381 4400 SOLE 1 0 0 4400
LAUDER ESTEE COS INC CL A 518439104 179 3550 SH SOLE 1 0 0 3550
LEVEL 3 COMMUNICATIONS I COMMON 52729N100 8 100 SH SOLE 1 0 0 100
LEXMARK INTL GROUP INC CL A 529771107 2104 23250 SH SOLE 1 0 0 23250
LIBERTY PPTY TR SH BEN INT 531172104 22 900 SH SOLE 1 0 0 900
LILLY ELI & CO COMMON 532457108 1299 19530 SH SOLE 1 0 0 19530
LINENS N THINGS INC COMMON 535679104 1 50 SH SOLE 1 0 0 50
LITTON INDS INC COMMON 538021106 10 200 SH SOLE 1 0 0 200
LOCKHEED MARTIN CORP COMMON 539830109 15 700 SH SOLE 1 0 0 700
LODGIAN INC COMMON 54021P106 5 1000 SH SOLE 1 0 0 1000
LOWES COS INC COMMON 548661107 184 3075 SH SOLE 1 0 0 3075
LUCENT TECHNOLOGIES INC COMMON 549463107 5830 77727 SH SOLE 1 0 0 77727
LUCENT TECHNOLOGIES CALL OPT JAN01 5 54946C9A7 1063 13000 SH CALL SOLE 1 0 0 13000
MBIA INC COMMON 55262C100 7 140 SH SOLE 1 0 0 140
MCI CAP I PFD QUIPS A 55267Y206 18 800 SOLE 1 0 0 800
MCI WORLDCOM INC COMMON 55268B106 976 18390 SH SOLE 1 0 0 18390
MEPC INTL CAP L P QUIPS 9.125%05 55271M206 42 2000 SOLE 1 0 0 2000
MACK CALI RLTY CORP COMMON 554489104 151 5800 SH SOLE 1 0 0 5800
MANNESMANN A G DEPOSITORY RECEI 563775303 48 200 SH SOLE 1 0 0 200
MANNING GREG AUCTIONS IN COMMON 563823103 23 1700 SH SOLE 1 0 0 1700
MARINE DRILLING COS INC COM PAR $0.01 568240204 34 1500 SH SOLE 1 0 0 1500
MARSH & MCLENNAN COS INC COMMON 571748102 153 1600 SH SOLE 1 0 0 1600
MARTHA STEWART LIVING OM CL A 573083102 10 400 SH SOLE 1 0 0 400
MCDONALDS CORP COMMON 580135101 1109 27500 SH SOLE 1 900 0 26600
MCGRAW HILL COS INC COMMON 580645109 31 500 SH SOLE 1 0 0 500
MCI WORLDCOM INC CALL OPT JAN01 3 58299W9A7 428 7500 SH CALL SOLE 1 0 0 7500
MEDIAONE GROUP INC COMMON 58440J104 15 200 SH SOLE 1 0 0 200
MEDIMMUNE INC COMMON 584699102 17 100 SH SOLE 1 0 0 100
MEDTRONIC INC COMMON 585055106 1437 39448 SH SOLE 1 0 0 39448
MELLON FINL CORP COMMON 58551A108 82 2400 SH SOLE 1 0 0 2400
MERCK & CO INC COMMON 589331107 5122 76241 SH SOLE 1 900 0 75341
MERRILL LYNCH & CO INC COMMON 590188108 42 500 SH SOLE 1 0 0 500
MERRILL LYNCH PFD CAP TR TOPRS 7% 59021F206 40 2000 SOLE 1 0 0 2000
MICROSOFT CORP COMMON 594918104 10540 90275 SH SOLE 1 1200 0 89075
MICRON TECHNOLOGY INC COMMON 595112103 39 500 SH SOLE 1 0 0 500
MID-AMER APT CMNTYS INC COMMON 59522J103 264 11650 SH SOLE 1 0 0 11650
MIIX GROUP INC COMMON 59862V104 12 800 SH SOLE 1 0 0 800
MILLENNIUM PHARMACEUTICA COMMON 599902103 61 500 SH SOLE 1 0 0 500
MINNESOTA MNG & MFG CO COMMON 604059105 1328 13570 SH SOLE 1 900 0 12670
MONSANTO CO COMMON 611662107 174 4900 SH SOLE 1 0 0 4900
MONTANA POWER CO COMMON 612085100 69 1900 SH SOLE 1 0 0 1900
MORGAN J P & CO INC COMMON 616880100 2449 19340 SH SOLE 1 900 0 18440
MORGAN J P & CO INC CALL OPT JAN01 8 61688K9A6 651 5000 SH CALL SOLE 1 0 0 5000
MORGAN STAN DEAN WITTR CALL OPT JAN01 4 6169329A9 573 4000 SH CALL SOLE 1 0 0 4000
MORGAN STANLEY DEAN WITT PERQS SUNW2001 617446240 16 2000 SOLE 1 0 0 2000
MORGAN STANLEY DEAN WITT COM NEW 617446448 368 2575 SH SOLE 1 0 0 2575
MOTOROLA INC COMMON 620076109 1735 11780 SH SOLE 1 0 0 11780
MOTOROLA INC CALL OPT JAN01 7 6200799A3 1678 11000 SH CALL SOLE 1 0 0 11000
NEC CORP DEPOSITORY RECEI 629050204 37 300 SH SOLE 1 0 0 300
NABISCO GROUP HLDG CORP COMMON 62952P102 4 400 SH SOLE 1 0 0 400
NASDAQ 100 TR UNIT SER 1 631100104 11 60 SH SOLE 1 0 0 60
NATIONAL FUEL GAS CO N J COMMON 636180101 9 200 SH SOLE 1 0 0 200
NETWORKS ASSOCS INC COMMON 640938106 8 300 SH SOLE 1 0 0 300
NESTLE S A DEPOSITORY RECEI 641069406 1629 17883 SH SOLE 1 0 0 17883
NEW JERSEY ECONOMIC DEV INCM BD 7.6% 29 645915208 204 8800 SOLE 1 0 0 8800
NEW YORK TIMES CO CL A 650111107 74 1500 SH SOLE 1 0 0 1500
NEWELL RUBBERMAID INC COMMON 651229106 91 3153 SH SOLE 1 0 0 3153
NEXTEL COMMUNICATIONS IN CL A 65332V103 77 750 SH SOLE 1 0 0 750
NEXTLINK COMMUNICATIONS CL A 65333H707 5175 62300 SH SOLE 1 0 0 62300
NIPPON TELEG & TEL CORP DEPOSITORY RECEI 654624105 573 6650 SH SOLE 1 0 0 6650
NISOURCE INC COMMON 65473P105 21 1197 SH SOLE 1 0 0 1197
NOKIA CORP DEPOSITORY RECEI 654902204 1328 6950 SH SOLE 1 0 0 6950
NORTEL NETWORKS CORP COMMON 656569100 24 240 SH SOLE 1 0 0 240
NORTHROP GRUMMAN CORP COMMON 666807102 16 300 SH SOLE 1 0 0 300
NORTHWEST NAT GAS CO COMMON 667655104 16 750 SH SOLE 1 0 0 750
NOVARTIS A G DEPOSITORY RECEI 66987V109 396 5426 SH SOLE 1 0 0 5426
NOVO-NORDISK A S DEPOSITORY RECEI 670100205 26 400 SH SOLE 1 0 0 400
NUEVO GROUP IUSACELL SA DEPOSITORY RECEI 670512102 624 41800 SH SOLE 1 0 0 41800
OMNIPOINT CORP COMMON 68212D102 682 5650 SH SOLE 1 0 0 5650
ONE VALLEY BANCORP INC COMMON 682419106 65 2108 SH SOLE 1 0 0 2108
ORACLE CORP COMMON 68389X105 202 1800 SH SOLE 1 600 0 1200
OTTER TAIL PWR CO COMMON 689648103 30 800 SH SOLE 1 0 0 800
PE CORP BIO GRP COM PE BIO GRP 69332S102 193 1600 SH SOLE 1 0 0 1600
PE CORP CELAERA GEN CELERA GEN GRP 69332S201 52 350 SH SOLE 1 0 0 350
PNC BK CORP COMMON 693475105 36 800 SH SOLE 1 0 0 800
PPG INDS INC COMMON 693506107 50 800 SH SOLE 1 0 0 800
PSE&G CAP TR I QUIPS A 8.625% 693941205 12 500 SOLE 1 0 0 500
PACTIV CORP COMMON 695257105 4 405 SH SOLE 1 0 0 405
PEPSICO INC COMMON 713448108 538 15250 SH SOLE 1 0 0 15250
PET QUARTERS INC COMMON 715844106 4 1500 SH SOLE 1 0 0 1500
PETROLEUM GEO-SVCS A/S DEPOSITORY RECEI 716597109 148 8300 SH SOLE 1 0 0 8300
PHARMACIA & UPJOHN INC COMMON 716941109 51 1125 SH SOLE 1 0 0 1125
PFIZER INC COMMON 717081103 1991 61373 SH SOLE 1 0 0 61373
PFIZER INC CALL OPT JAN01 2 7170849A7 52 1500 SH CALL SOLE 1 0 0 1500
PHILIP MORRIS COS INC COMMON 718154107 85 3700 SH SOLE 1 750 0 2950
PHILLIPS PETE CO COMMON 718507106 71 1500 SH SOLE 1 0 0 1500
PHONE COM INC COMMON 71920Q100 9 75 SH SOLE 1 0 0 75
PINNACLE SYS INC COMMON 723481107 4 100 SH SOLE 1 0 0 100
PLUM CREEK TIMBER CO INC COMMON 729251108 55 2200 SH SOLE 1 0 0 2200
POLARIS INDS INC COMMON 731068102 22 600 SH SOLE 1 0 0 600
POLAROID CORP COMMON 731095105 6 300 SH SOLE 1 0 0 300
PORTUGAL TELECOM S A DEPOSITORY RECEI 737273102 242 22250 SH SOLE 1 0 0 22250
POST PPTYS INC COMMON 737464107 27 700 SH SOLE 1 0 0 700
POTOMAC ELEC PWR CO COMMON 737679100 18 800 SH SOLE 1 0 0 800
POWERTEL INC COMMON 73936C109 306 3050 SH SOLE 1 0 0 3050
PRESIDENTIAL LIFE CORP COMMON 740884101 97 5300 SH SOLE 1 0 0 5300
PRICELINE COM INC COMMON 741503106 14 300 SH SOLE 1 0 0 300
PROCTER & GAMBLE CO COMMON 742718109 6118 55842 SH SOLE 1 900 0 54942
PROGENICS PHARMACEUTICAL COMMON 743187106 230 4700 SH SOLE 1 0 0 4700
PROGRESSIVE CORP OHIO COMMON 743315103 99 1350 SH SOLE 1 0 0 1350
PROVIDENCE ENERGY CORP COMMON 743743106 0 10 SH SOLE 1 0 0 10
PROVIDIAN FINL CORP COMMON 74406A102 200 2200 SH SOLE 1 0 0 2200
PUBLIC SVC ENTERPRISE GR COMMON 744573106 64 1825 SH SOLE 1 0 0 1825
QLOGIC CORP COMMON 747277101 783 4900 SH SOLE 1 0 0 4900
QUAKER OATS CO COMMON 747402105 387 5900 SH SOLE 1 0 0 5900
QUALCOMM INC COMMON 747525103 2840 16125 SH SOLE 1 0 0 16125
QUESTAR CORP COMMON 748356102 7 480 SH SOLE 1 0 0 480
QWEST COMMUNICATIONS INT COMMON 749121109 11 250 SH SOLE 1 0 0 250
RGC RES INC COMMON 74955L103 31 1400 SH SOLE 1 0 0 1400
RAYTHEON CO CL A 755111309 5 200 SH SOLE 1 0 0 200
REDBACK NETWORKS INC COMMON 757209101 133 750 SH SOLE 1 0 0 750
AMERICA ONLINE INC CALL OPT JAN01 5 75899W9A5 507 6000 SH CALL SOLE 1 0 0 6000
RELIANT ENERGY INC COMMON 75952J108 87 3800 SH SOLE 1 0 0 3800
REUTERS GROUP PLC DEPOSITORY RECEI 76132M102 439 5434 SH SOLE 1 0 0 5434
REYNOLDS R J TOB HLDGS I COMMON 76182K105 2 133 SH SOLE 1 0 0 133
RHODIA DEPOSITORY RECEI 762397107 24 1000 SH SOLE 1 0 0 1000
RIGGS NATL CORP WASH DC COMMON 766570105 170 12900 SH SOLE 1 0 0 12900
ROCHE HLDG LTD DEPOSITORY RECEI 771195104 30 250 SH SOLE 1 0 0 250
QUALCOMM INC CALL OPT JAN 6 77199W9A8 1431 8000 SH CALL SOLE 1 0 0 8000
QUANTAS AIRWAYS QUANTAS AIRWAYS 779741057 3 1000 SH SOLE 1 0 0 1000
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 992 16382 SH SOLE 1 0 0 16382
SBC COMMUNICATIONS INC COMMON 78387G103 747 15322 SH SOLE 1 900 0 14422
SDL INC COMMON 784076101 51 235 SH SOLE 1 0 0 235
SPDR TR UNIT SER 1 78462F103 313 2130 SH SOLE 1 0 0 2130
ST JUDE MED INC COMMON 790849103 26 850 SH SOLE 1 0 0 850
SAP AKTIENGESELLSCHAFT DEPOSITORY RECEI 803054204 16 300 SH SOLE 1 0 0 300
SCHERING PLOUGH CORP COMMON 806605101 3473 81950 SH SOLE 1 0 0 81950
SCHLUMBERGER LTD COMMON 806857108 1590 28336 SH SOLE 1 0 0 28336
SCIENTIFIC ATLANTA INC COMMON 808655104 28 500 SH SOLE 1 0 0 500
SCIOS INC COMMON 808905103 5 1200 SH SOLE 1 0 0 1200
SECTOR SPDR TR SBI BASIC INDS 81369Y100 9 350 SH SOLE 1 0 0 350
SECTOR SPDR TR SBI INT-TECH 81369Y803 27 500 SH SOLE 1 0 0 500
SHELL CDA LTD CL A 822567103 80 3950 SH SOLE 1 0 0 3950
SHELL TRANS & TRADING PL DEPOSITORY RECEI 822703609 909 18550 SH SOLE 1 0 0 18550
SHERWIN WILLIAMS CO COMMON 824348106 2 84 SH SOLE 1 0 0 84
SIDEWARE SYSTEMS INC COMMON 825907108 4 500 SH SOLE 1 0 0 500
SIEMENS A G DEPOSITORY RECEI 826197402 620 4900 SH SOLE 1 0 0 4900
SIMON PPTY GROUP INC NEW COMMON 828806109 5 200 SH SOLE 1 0 0 200
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 581 9054 SH SOLE 1 0 0 9054
SONOSITE INC COMMON 83568G104 6 200 SH SOLE 1 0 0 200
SONY CORP DEPOSITORY RECEI 835699307 1417 4975 SH SOLE 1 0 0 4975
SONY CORP CALL OPT JAN0115 83569X9A6 7790 6000 SH CALL SOLE 1 0 0 6000
SOUTHERN CO COMMON 842587107 14 600 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 12 750 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 868 12900 SH SOLE 1 0 0 12900
PCS SPRINT CORP PCS COM SER 1 852061506 164 1600 SH SOLE 1 0 0 1600
STATE STR CORP COMMON 857477103 320 4375 SH SOLE 1 0 0 4375
STMICROELECTRONICS N V COMMON 861012102 946 6250 SH SOLE 1 0 0 6250
STRYKER CORP COMMON 863667101 21 300 SH SOLE 1 0 0 300
SUGEN INC COMMON 865041107 6 200 SH SOLE 1 0 0 200
SUMMIT BANCORP COMMON 866005101 170 5559 SH SOLE 1 0 0 5559
SUMMIT PPTYS INC COMMON 866239106 11 600 SH SOLE 1 0 0 600
SUN MICROSYSTEMS INC COMMON 866810104 15505 200230 SH SOLE 1 2200 0 198030
SUN MICROSYSTEMS INC CALL OPT JAN01 1 8668129A0 883 10800 SH CALL SOLE 1 0 0 10800
SWISSCOM AG DEPOSITORY RECEI 871013108 12 300 SH SOLE 1 0 0 300
SYNERGY BRANDS INC COMMON 87159E105 6 2000 SH SOLE 1 0 0 2000
TCI SATELLITE ENTMT INC CL A 872298104 16 1000 SH SOLE 1 0 0 1000
TANNING TECHNOLOGY CORP COMMON 87588P101 41 700 SH SOLE 1 0 0 700
TELECOM ITALIA SPA DEPOSITORY RECEI 87927W106 70 500 SH SOLE 1 0 0 500
TELEFONICA S A DEPOSITORY RECEI 879382208 47 600 SH SOLE 1 0 0 600
TELIGENT INC CL A 87959Y103 4962 80355 SH SOLE 1 0 0 80355
TELLABS INC COMMON 879664100 327 5100 SH SOLE 1 0 0 5100
TENNECO AUTOMOTIVE INC COMMON 88037E101 1 81 SH SOLE 1 0 0 81
TENNESSEE VALLEY AUTH PARRS D 2028 880591300 216 10000 SOLE 1 0 0 10000
TERADYNE INC COMMON 880770102 267 4050 SH SOLE 1 0 0 4050
TEXACO INC COMMON 881694103 709 13050 SH SOLE 1 0 0 13050
TEXAS INSTRS INC COMMON 882508104 3986 41250 SH SOLE 1 0 0 41250
TEXAS UTILS CO COMMON 882848104 12 350 SH SOLE 1 0 0 350
TEXTRON INC COMMON 883203101 381 4970 SH SOLE 1 0 0 4970
THERMO ELECTRON CORP COMMON 883556102 15 1000 SH SOLE 1 0 0 1000
TIME WARNER INC COMMON 887315109 3389 46861 SH SOLE 1 0 0 46861
TIME WARNER CAP I PFD TR 8.875% 88731G204 20 800 SOLE 1 0 0 800
TIMES MIRROR CO NEW COM SER A 887364107 64 950 SH SOLE 1 0 0 950
TOOTSIE ROLL INDS INC COMMON 890516107 65 1959 SH SOLE 1 0 0 1959
TORONTO DOMINION BK ONT COM NEW 891160509 27 1000 SH SOLE 1 0 0 1000
TRANSCANADA PIPELINES LT PFD 8.25% 2047 893526723 9 400 SOLE 1 0 0 400
TRAVELERS P&C CAP I PFD TR 8.08% 893931204 122 5400 SOLE 1 0 0 5400
TRICON GLOBAL RESTAURANT COMMON 895953107 9 240 SH SOLE 1 0 0 240
TRIBUNE CO NEW COMMON 896047107 77 1400 SH SOLE 1 0 0 1400
TYCO INTL LTD NEW COMMON 902124106 1234 31640 SH SOLE 1 0 0 31640
USX MARATHON GROUP COM NEW 902905827 143 5800 SH SOLE 1 0 0 5800
USA NETWORKS INC COMMON 902984103 83 1500 SH SOLE 1 0 0 1500
US ONCOLOGY INC COMMON 90338W103 5 1000 SH SOLE 1 0 0 1000
UNILEVER PLC DEPOSITORY RECEI 904767704 272 9002 SH SOLE 1 0 0 9002
UNILEVER N V DEPOSITORY RECEI 904784709 16 293 SH SOLE 1 0 0 293
UNION PAC CORP COMMON 907818108 24 550 SH SOLE 1 0 0 550
UNITED DOMINION REALTY T COMMON 910197102 2 250 SH SOLE 1 0 0 250
UNITED HEALTHCARE CORP COMMON 910581107 27 500 SH SOLE 1 0 0 500
UNITED PAN-EUROPE COMMUN DEPOSITORY RECEI 911300200 469 3675 SH SOLE 1 0 0 3675
UNITED PARCEL SERVICE IN CL B 911312106 110 1590 SH SOLE 1 0 0 1590
UNITED STATES CELLULAR C COMMON 911684108 6533 64720 SH SOLE 1 0 0 64720
UNITED STATES CELLULAR C NOTE 6/1 911684AA6 96 100000 PRN SOLE 1 0 0 100000
U S WEST INC NEW COMMON 91273H101 100 1388 SH SOLE 1 0 0 1388
UNITED TECHNOLOGIES CORP COMMON 913017109 1355 20850 SH SOLE 1 900 0 19950
UNIVISION COMMUNICATIONS CL A 914906102 465 4550 SH SOLE 1 0 0 4550
UNOCAL CORP COMMON 915289102 15 450 SH SOLE 1 0 0 450
UNUMPROVIDENT CORP COMMON 91529Y106 13 400 SH SOLE 1 0 0 400
VALASSIS COMMUNICATIONS COMMON 918866104 139 3300 SH SOLE 1 0 0 3300
VENATOR GROUP INC COMMON 922944103 4 500 SH SOLE 1 0 0 500
VERITAS SOFTWARE CO COMMON 923436109 511 3571 SH SOLE 1 0 0 3571
VERISIGN INC COMMON 92343E102 482 2525 SH SOLE 1 0 0 2525
VIADOR INC COMMON 92553R108 206 4850 SH SOLE 1 0 0 4850
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 47 900 SH SOLE 1 0 0 900
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 586 11845 SH SOLE 1 0 0 11845
VOICESTREAM WIRELESS COR COMMON 928615103 3202 22500 SH SOLE 1 0 0 22500
VOLKSWAGEN AG DEPOSITORY RECEI 928662303 22 2000 SH SOLE 1 0 0 2000
WAL MART STORES INC COMMON 931142103 1096 15850 SH SOLE 1 900 0 14950
WALGREEN CO COMMON 931422109 23 800 SH SOLE 1 0 0 800
WARNER LAMBERT CO COMMON 934488107 434 5300 SH SOLE 1 0 0 5300
WASHINGTON MUT INC COMMON 939322103 38 1475 SH SOLE 1 0 0 1475
WEINGARTEN RLTY INVS PFD A 7.44% 948741202 4 200 SOLE 1 0 0 200
WELLS FARGO & CO NEW COMMON 949746101 188 4652 SH SOLE 1 0 0 4652
WESTERN WIRELESS CORP CL A 95988E204 2076 31100 SH SOLE 1 0 0 31100
WEYERHAEUSER CO COMMON 962166104 93 1300 SH SOLE 1 0 0 1300
WHIRLPOOL CORP COMMON 963320106 7 100 SH SOLE 1 0 0 100
WHITE PINE SOFTWARE INC COMMON 964347108 175 7150 SH SOLE 1 0 0 7150
WILLIAMS COMMUNICATIONS CL A 969455104 49 1700 SH SOLE 1 0 0 1700
WILLIAMS COS INC DEL COMMON 969457100 214 7000 SH SOLE 1 0 0 7000
A T & T CORP CALL OPT JAN01 4 97899W9A9 86 1500 SH CALL SOLE 1 0 0 1500
XM SATELLITE RADIO HLDGS CL A 983759101 11 300 SH SOLE 1 0 0 300
XILINX INC COMMON 983919101 9 200 SH SOLE 1 0 0 200
XEROX CORP COMMON 984121103 361 15925 SH SOLE 1 0 0 15925
YAHOO INC COMMON 984332106 1393 3220 SH SOLE 1 0 0 3220
LERNOUT & HAUSPIE SPEECH COMMON B5628B104 922 19925 SH SOLE 1 0 0 19925
DAIMLERCHRYSLER AG ORD D1668R123 470 6030 SH SOLE 1 0 0 6030
BSCH FINANCE LTD PREF G 8.125% G16547161 132 6000 SOLE 1 0 0 6000
ESPIRITO SANTO OVERSEAS PREF A 8.5% G3122A107 11 500 SOLE 1 0 0 500
GLOBAL CROSSING LTD COMMON G3921A100 12 233 SH SOLE 1 0 0 233
KNIGHTSBRIDGE TANKERS LT ORD G5299G106 40 2950 SH SOLE 1 0 0 2950
PARTNERRE LTD PFD SER A 8% G6852T113 8 350 SOLE 1 0 0 350
RHONE-POULENC OVERSEAS L PREF A 8.125% G75495104 10 500 SOLE 1 0 0 500
SANTANDER FINANCE PREF. SE G7804A160 43 1600 SOLE 1 0 0 1600
TRANSOCEAN SEDCO FOREX I ORD G90078109 280 8324 SH SOLE 1 0 0 8324
MILLICOM INTL CELLULAR S ORD L6388F102 25 400 SH SOLE 1 0 0 400
ASM LITHOGRAPHY HLDG N V DEPOSITORY RECEI N07059111 603 5300 SH SOLE 1 0 0 5300
LIBERTEL N.V. ADR N52519100 21 1000 SH SOLE 1 0 0 1000
AB SVENSK EXPORTKREDIT PFD EXCH W92947212 43 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.
