<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: MARCH 31, 2000
--------------
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: THE CANYON VALUE REALIZATION FUND (CAYMAN), LTD.
------------------------------------------------------
Address: P.O. BOX 2003GT, GRAND PAVILION COMMERCIAL CENTRE
------------------------------------------------------
BOUGAINVILLEA WAY, 802 WEST BAY ROAD
------------------------------------------------------
GRAND CAYMAN, CAYMAN ISLANDS, B.W.I.
------------------------------------------------------
Form 13F File Number: 28-6844
----
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: R. CHRISTIAN B. EVENSEN
------------------------------------------------------
Title: DIRECTOR
------------------------------------------------------
Phone: (345) 949-7942
------------------------------------------------------
Signature, Place and Date of Signing:
/s/ R. CHRISTIAN B. EVENSEN BEVERLY HILLS, CALIFORNIA 05/12/2000
------------------------------------------------------------------------
[Signature] [City, State] [Date]
Report Type (Check only one):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[X] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s)).
<PAGE>
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
No. Form 13F File Number Name
1 28-7392 CANYON CAPITAL ADVISORS LLC
--- ---- ---------------------------
[Repeat as Necessary]
2
