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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
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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: Ulysses Offshore Fund, Ltd.
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Address: Harbour Centre, 2nd Floor, P.O. Box 896
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George Town, Grand Cayman, Cayman Islands, B.W.I.
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Form 13F File Number: 28-6860
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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: Ulysses Management Offshore, LLC by Joshua Nash, Manager
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Title: Manager
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Phone: 212-455-6200
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Signature, Place, and Date of Signing:
/s/ Joshua Nash New York 5/11/00
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(Signature) (City, State) (Date)
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 29
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Form 13F Information Table Value Total: $ 167,485
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(in thousands)
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>
ULYSSES OFFSHORE FUND, LTD.
S.E.C. FORM 13F
FOR QUARTER ENDED MARCH 31, 2000
<TABLE>
<CAPTION>
ITEM 5:
ITEM 2: ITEM 3: ITEM 4: Shares or
ITEM 1: Title of Cusip Fair Principal
Name of Issuer Class Number Market Value Amount
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<S> <C> <C> <C> <C>
AMEX DIAMONDS COMMON STOCK 252787106 16,667,331 152,300
ASSOCIATES FIRST CAP COMMON STOCK 046008108 1,990,013 93,100
BANK OF AMERICA COMMON STOCK 060505104 8,872,425 169,200 PUT
BARRICK GOLD COMMON STOCK 067901108 1,327,163 84,600 CALL
BERKSHIRE HATHAWAY CL B COMMON STOCK 084670207 5,824,000 3,200
C CUBE MICROSYSTEMS COMMON STOCK 125015107 8,948,656 122,900
CABLEVISION SYSTEMS COMMON STOCK 12686C109 13,674,825 225,100
CENDENT COMMON STOCK 151313103 5,167,050 279,300
CONSECO COMMON STOCK 208464107 3,903,619 341,300 PUT
EASTMAN KODAK COMMON STOCK 277461109 4,926,144 90,700
EXXON MOBIL CORP. COMMON STOCK 30231G102 10,317,938 132,600
GENERAL MOTORS COMMON STOCK 370442105 6,318,594 76,300
HARCOURT GENERAL COMMON STOCK 41163G101 2,521,825 67,700
IBM COMMON STOCK 459200101 4,001,075 33,800 PUT
LIBERTY DIGITAL INC. COMMON STOCK 530436104 2,552,550 66,300
LIBERTY MEDIA CORP. COMMON STOCK 001957208 16,133,000 272,000
LORAL SPACE & COMM COMMON STOCK G56462107 1,442,813 142,500
LUCENT COMMON STOCK 549463107 1,581,000 25,500 PUT
MEDIAONE GROUP COMMON STOCK 58440J104 10,602,900 130,900
MERRILL LYNCH COMMON STOCK 590188108 3,907,175 37,300
NEWS CORP.LTD.SP.ADR PFD. SP ADR PFD 652487802 1,613,950 33,800 CALL
NEWS CORP.LTD.SP.ADR PFD. SP ADR PFD 652487802 19,100,000 400,000
ON COMMAND COMMON STOCK 682160106 148,500 9,900
PACIFIC GATEWAY COMMON STOCK 694327107 367,188 25,000 PUT
PFIZER COMMON STOCK 717081103 2,866,500 78,400
PROVIDENT FINANCIAL COMMON STOCK 74406A102 4,261,950 49,200
STARWOOD LODGING COMMON STOCK 85590A203 1,874,600 72,800
UNITED HEALTHCARE COMMON STOCK 91324P102 2,015,325 33,800 PUT
XL CAPITAL LTD COMMON STOCK G98255105 4,557,252 82,298
Table continued...
<PAGE>
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY SHARES
(b) Shares ITEM 7:
ITEM 1: as Defined (c) Shared Managers
Name of Issuer (a) Sole in Instr. V Other See Intr. V (a) Sole (b) Shared (c) None
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<S> <C> <C> <C> <C> <C> <C> <C>
AMEX DIAMONDS X X
ASSOCIATES FIRST CAP X X
BANK OF AMERICA X X
BARRICK GOLD X X
BERKSHIRE HATHAWAY CL B X X
C CUBE MICROSYSTEMS X X
CABLEVISION SYSTEMS X X
CENDENT X X
CONSECO X X
EASTMAN KODAK X X
EXXON MOBIL CORP. X X
GENERAL MOTORS X X
HARCOURT GENERAL X X
IBM X X
LIBERTY DIGITAL INC. X X
LIBERTY MEDIA CORP. X X
LORAL SPACE & COMM X X
LUCENT X X
MEDIAONE GROUP X X
MERRILL LYNCH X X
NEWS CORP.LTD.SP.ADR PFD. X X
NEWS CORP.LTD.SP.ADR PFD. X X
ON COMMAND X X
PACIFIC GATEWAY X X
PFIZER X X
PROVIDENT FINANCIAL X X
STARWOOD LODGING X X
UNITED HEALTHCARE X X
XL CAPITAL LTD X X
</TABLE>
