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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended June 30, 2000
--------------------------------------------------------------------------------
(Please read instructions before preparing form.)
--------------------------------------------------------------------------------
If amended report check here: |_|
Loeb Arbitrage Management Inc.
--------------------------------------------------------------------------------
Name of Institutional Investment Manager
61 Broadway New York N.Y. 10006
--------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
Edward Campbell 212-483-7078 Vice President
--------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
------------------------------------ATTENTION-----------------------------------
Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
--------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York on the 12 day of
February, 1999.
Loeb Arbitrage Management Inc.
------------------------------------------
(Name of Institutional Investment Manager)
/s/ EDWARD CAMPBELL
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.:
--------------------------------------------- ------------------------------
1. Loeb Partners Corp.
--------------------------------------------- ------------------------------
2. Loeb Partners Management Inc.
--------------------------------------------- ------------------------------
3.
--------------------------------------------- ------------------------------
4.
--------------------------------------------- ------------------------------
5.
--------------------------------------------- ------------------------------
SEC 1685 (5/91)
<PAGE>
<TABLE>
<CAPTION>
VOTING
AUTHORITY
---------------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EQUANT NV JUL 50 CALL CALL 2944099G4 14 20,500 SOLE 20,500
GLOBALSTAR T SEP 12.5 CALL CALL G3930H9I7 28 20,000 SOLE 20,000
I-STAT CORP JULY 17.5 CALL CALL 4503129GO 56 45,000 SOLE 45,000
MATTSON TECH OCT 50 CALL CALL 5772239J110 26 15,000 SOLE 15,000
NABISCO HOLDING JUL 55 CAL CALL 6295269G1 1 20,000 SOLE 20,000
WORLDCOM SEPT 42.5 CALLS CALL 98157d9i922 58 10,000 SOLE 10,000
NOVARTIS AG-SPONSORED ADR COM 66987v109 520 13000 SH Defined 02 13000
ROCHE HOLDING LTD SPONSORED AD COM 771195104 3276 33545 SH Defined 01 02 12100 21445
24 / 7 MEDIA INC COM 901314104 1,130 72,599 SOLE 72,599
3COM CORP COM 885535104 201 3,500 SOLE 3,500
ABBOTT LABORATORIES COM 002824100 6,041 135,563 SOLE 135,563
ACE LTD-ORD COM g0070k103 364 13000 SH Sole 13000
ACKERLEY GROUP INC (FORMERLY A COM 004527107 142 12100 SH Sole 12100
ACKERLEY GROUP INC (FORMERLY A COM 004527107 35 3000 SH Defined 01 3000
ACME ELECTRIC CORP COM 004644100 459 53,200 SOLE 53,200
ACT NETWORKS INC COM 000975102 2,504 163,500 SOLE 163,500
ADC TELECOMMUNICATIONS INC COM 000886101 6,105 72,841 SOLE 72,841
ADELPHIA COMMUNICATIONS CORP C COM 006848105 917 19553 SH Defined 01 19553
AEROSPACE CREDITORS LIQD T COM 008017105 0 80,000 SOLE 80,000
AETNA INC COM 008117103 4,108 64,000 SOLE 64,000
AFLAC INC COM 001055102 918 19994 SH Defined 01 19994
AGL RESOURCES INC COM 001204106 159 10000 SH Sole 10000
AIRPORT SYSTEMS INTL INC ( COM 00949N103 82 42,300 SOLE 42,300
AK STEEL HOLDING CORP COM 001547108 856 107,005 SOLE 107,005
AKAMAI TECHNOLOGIES INC COM 00971T101 3,907 32,903 SOLE 32,903
ALCATEL ALSTHOM SPONS ADR COM 013904305 11,420 171,732 SOLE 171,732
ALCIDE CORP NEW COM 013742507 432 24694 SH Defined 01 02 200 24494
ALCOA INC (aa) COM 013817101 3,863 133,224 SOLE 133,224
ALLIED GROUP INC COM 38821g101 1303 52126 SH Defined 01 02 19472 32654
ALLSTATE CORP. COM 020002101 1,987 89,304 SOLE 89,304
ALLTEL CORP COM 020039103 409 6599 SH Defined 01 02 4000 2599
AMCOL INTERNATIONAL CORP ( COM 02341W103 2,713 164,420 SOLE 164,420
AMERICA ONLINE INC COM 02364J104 2,210 41,800 SOLE 41,800
AMERICA ONLINE INC-DEL COM 02364j104 876 16610 SH Defined 01 16610
AMERICAN BLIND COM NOT AVAIL 282 35,200 SOLE 35,200
AMERICAN COMMUNICATIONS & COM 025201104 0 20000 SH Defined 01 20000
AMERICAN ELECTRIC POWER CO COM 025537101 3,254 109,826 SOLE 109,826
AMERICAN EXPRESS COMPANY COM 025816109 211 4050 SH Defined 01 900 3150
AMERICAN HOME PRODUCTS COR COM 026609107 294 5,000 SOLE 5,000
AMERICAN INDEMINITY CORP E COM 026759993 17 17,300 SOLE 17,300
AMERICAN INTERNATIONAL GRO COM 026874107 0 252,551 SOLE 252,551
AMERICAN INTERNATIONAL GROUP I COM 026874107 587 5000 SH Sole 5000
AMERICAN INTERNATIONAL GROUP I COM 026874107 5072 43165 SH Defined 01 43165
AMERICAN INTL GRP RSTD COM 026874107 0 10,978 SOLE 10,978
AMERICAN MED ELECTRONICS S COM 027425891 0 124,900 SOLE 124,900
AMERICAN MED ELECTRONICS S COM 027425958 0 124,900 SOLE 124,900
AMERICAN NATIONAL CAN GROU COM 027714104 1,772 105,000 SOLE 105,000
AMERICAN PACIFIC CORP COM 028740108 469 83,400 SOLE 83,400
AMFM INC COM 001693100 400 5800 SH Defined 01 02 4000 1800
AMFM INC (afm) COM 001693100 7,055 102,251 SOLE 102,251
AMGEN INC W/RTS TO PUR COM STK COM 031162100 882 12560 SH Defined 01 02 11760 800
ANACOMP INC COM 032371106 159 63,700 SOLE 63,700
ANADARKO PETROLEUM CORP COM 032511107 740 15000 SH Sole 15000
ANADARKO PETROLEUM CORP COM 032511107 49 1000 SH Defined 01 1000
ANSWERTHINK CONSULTING GRO COM 036916104 1,971 120,379 SOLE 120,379
AON CORP COM 037389103 311 10000 SH Sole 10000
APEX INC COM 037548104 2,031 43,900 SOLE 43,900
APPLIED MATERIALS INC COM 038222105 860 9488 SH Defined 01 02 7288 2200
APPNET INC COM 03831Q101 1,199 33,300 SOLE 33,300
ARCH COMM GROUP WTS EXP 9/ COM 039381116 68 75,000 SOLE 75,000
ARCH COMMUNICATIONS GROUP COM 039381504 5,161 809,580 SOLE 809,580
ARCHITEL SYSTEMS CORP COM 039917109 4,610 175,215 SOLE 175,215
ARIS CORP-WASH COM 04040A101 61 23,115 SOLE 23,115
ARLEN CORP COM 041327107 0 10500 SH Defined 01 10500
ARVIN INDUSTRIES INC COM 043339100 295 17,000 SOLE 17,000
ASHANTI GOLDFIELDS CO LTD COM 043743202 53 30,000 SOLE 30,000
ASSOCIATES FIRST CAPITAL C COM 046008207 0 205,000 SOLE 205,000
ASTRAZENECA PLC SPONSORED ADR COM 046353108 232 5000 SH Sole 5000
ASTRAZENECA PLC SPONSORED ADR COM 046353108 2 50 SH Defined 01 50
ASTROSYSTEMS INC IN LIQD ( COM 046465100 82 82,213 SOLE 82,213
AT&T CORP COM 001957109 699 22087 SH Defined 01 02 6900 15187
AT&T CORP AT&T WIRELESS GROUP COM 001957406 445 15980 SH Defined 01 15980
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 390 16070 SH Sole 16070
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 13015 536714 SH Defined 01 02 83464 453250
ATEC GROUP INC NEW COM 00206X604 171 83,000 SOLE 83,000
ATLAS STEELS INC UTS 100 B COM NOT AVAIL 1,040 20,808 SOLE 20,808
AVALONBAY COMMUNITIES INC COM 053484101 305 7300 SH Defined 01 7300
AVANT IMMUNOTHER INC WTS ( COM 053491114 92 15,509 SOLE 15,509
AXA FINL INC COM 002451102 537 15800 SH Defined 01 02 5000 10800
AXSYS TECHNOLOGIES INC COM 054615109 1,186 72,434 SOLE 72,434
BAAN COMPANY NV COM N08044104 194 74,000 SOLE 74,000
BAKER HUGHES INC COM 057224107 480 15000 SH Sole 15000
BAKER HUGHES INC COM 057224108 64 2000 SH Defined 01 2000
BALLANTYNE OF OMAHA INC COM 058516105 85 38,900 SOLE 38,900
BANCO RIO DE LA PLATA SPD COM 059644104 2,203 150,600 SOLE 150,600
BANK OF AMER CORP COM 060505104 319 7424 SH Defined 01 7424
BANK OF NEW YORK CO INC COM 064057102 11282 242616 SH Defined 01 02 191716 50900
BANK OF SANTA CLARA COM 064781107 1,002 26,103 SOLE 26,103
BARNETT INC COM 068062108 466 46,000 SOLE 46,000
BATTLE MOUNTAIN GOLD CO COM 071593107 580 265,000 SOLE 265,000
BAXTER INTL INC CNT PMT RT COM 071813125 29 180,931 SOLE 180,931
BCE INC COM 05534B109 1,619 68,000 SOLE 68,000
BECTON DICKINSON & CO COM 075887109 379 13200 SH Defined 01 02 12800 400
BESTFOODS INC COM 08658U101 16,620 240,000 SOLE 240,000
BF REALTY HOLDINGS LTD COM 05540l109 0 32000 SH Defined 01 32000
BJ SERVICES CO COM 055482103 312 5000 SH Sole 5000
BKF CAP GROUP (bkc) COM 05548G102 349 22,000 SOLE 22,000
BKF CAP GROUP INC COM 05548g102 524 33000 SH Sole 33000
BOC GROUP PLC SPD ADR COM 055617609 1,600 55,300 SOLE 55,300
BORDEN CHEMICALS & PLASTIC COM 099541203 196 47,500 SOLE 47,500
BORDERS GROUP INC COM 099709107 700 45,000 SOLE 45,000
BOSTON PROPERTIES INC COM 101121101 772 20000 SH Sole 20000
BP AMOCO P L C SPONSORED ADR COM 055622104 2327 41138 SH Defined 01 02 37310 3828
BRADLEY REAL ESTATE TRUST COM 104580105 1,784 83,700 SOLE 83,700
BRANDYWINE REALTY TRUST-SBI NE COM 105368203 229 12000 SH Defined 01 1300 10700
BRE PROPERTIES INC COM 05564e106 289 10000 SH Sole 10000
BRISTOL MYERS SQUIBB CO COM 110122108 2412 41400 SH Defined 01 02 12800 28600
BROADVISION INC COM 111412102 3,768 74,339 SOLE 74,339
BROADWING INC COM 111620100 220 8500 SH Defined 02 8500
BRT REALTY TRUST SBI-NEW COM 055645303 232 29000 SH Defined 01 02 4000 25000
BRUNSWICK TECHNOLOGIES INC COM 117394106 807 94,900 SOLE 94,900
BSB BANCORP INC COM 055652101 1,146 58,961 SOLE 58,961
BURLINGTON MOTOR CARRIERS COM 121866206 214 268 SOLE 268
BURLINGTON RESOURCES INC COM 122014103 3,176 83,027 SOLE 83,027
BURLINGTON RESOURCES INC COM 122014103 285 7456 SH Defined 01 02 4586 2870
BURR-BROWN CORP COM 122574106 5,123 59,100 SOLE 59,100
BUSH BOAKE ALLEN INC COM 123162109 1,094 25,000 SOLE 25,000
C2 INC COM 126948108 938 138,910 SOLE 138,910
CALICO COMMERCE INC COM 12989710400 402 24,806 SOLE 24,806
CAMBRIDGE NEUROSCIENCE INC COM 132426107 23 15,000 SOLE 15,000
CAMBRIDGE SHOPPING CENTERS COM 132509100 86 10,200 SOLE 10,200
CAPSTEAD MTG CORP NEW COM 14067E407 1,220 145,700 SOLE 145,700
CAREMARK RX INC COM 141705103 68 10000 SH Sole 10000
CARLYLE INDUSTRIES INC COM 143093102 38 76,137 SOLE 76,137
CARSON INC CL A (cic) COM 145845103 686 152,400 SOLE 152,400
CARTER WALLACE INC COM 146285101 604 30,000 SOLE 30,000
CATELLUS DEVELOPMENT CORP COM 149111106 150 10000 SH Sole 10000
CATELLUS DEVELOPMENT CORP COM 149111106 270 18000 SH Defined 01 02 16000 2000
CATSKILL FINANCIAL CORP COM 149348104 263 12,000 SOLE 12,000
CCC INFORMATION SERVICES GROUP COM 12487q109 149 14000 SH Sole 14000
CCC INFORMATION SERVICES GROUP COM 12487q109 1108 104264 SH Defined 01 800 103464
C-CUBE MICROSYSTEMS INC NE COM 12501N108 739 37,800 SOLE 37,800
CENTIGRAM COMMUNICATIONS C COM 152317103 1,943 76,000 SOLE 76,000
CENTRAL BANKING SYSTEMS IN COM 152609103 0 206,296 SOLE 206,296
CENTRAL NEWSPAPERS INC CL COM 154647101 11,859 187,500 SOLE 187,500
CENTRAL REALTY INVESTORS INC COM 155052103 0 13000 SH Defined 01 13000
CFM TECHNOLOGIES INC COM 12525K106 660 42,600 SOLE 42,600
CHAMPS ENTERTAINMENT INC COM 158787101 551 101,400 SOLE 101,400
CHARTER FEDERAL SAVINGS BA COM 161223987 6 92,230 SOLE 92,230
CHARTER ONE FINANCIAL INC COM 160903100 475 20,662 SOLE 20,662
CHASE MANHATTAN CORP NEW COM 16161a108 562 12207 SH Defined 01 02 1959 10248
CHAUVCO RESOURCES INTL LTD COM G19472102 0 133,256 SOLE 133,256
CHERRY CORP COM 164541401 3,185 122,200 SOLE 122,200
CHESAPEAKE ENERGY CORP COM 165167107 194 25000 SH Defined 01 25000
CHEVRON CORP COM 166751107 848 10000 SH Sole 10000
CHEVRON CORP COM 166751107 695 8200 SH Defined 01 02 7000 1200
CHOICEPOINT INC COM 170388102 1,751 39,348 SOLE 39,348
CHRIS-CRAFT INDUSTRIES INC COM 170520100 727 11000 SH Sole 11000
CHRIS-CRAFT INDUSTRIES INC COM 170520100 408 6174 SH Defined 02 6174
CHUBB CORP COM 171232101 368 5976 SH Defined 01 494 5482
CISCO SYSTEMS COM 17275R102 9,669 152,262 SOLE 152,262
CISCO SYSTEMS INC COM 17275r102 2540 39968 SH Defined 01 02 5800 34168
CITATION COMPUTER SYSTEMS COM 172894107 582 141,100 SOLE 141,100
CITIGROUP INC COM 172967101 602 10000 SH Sole 10000
CITIGROUP INC COM 172967101 4773 79215 SH Defined 01 02 62848 16367
CITIZENS COMMUNICATIONS CO COM 17453b101 698 40451 SH Sole 40451
CITIZENS COMMUNICATIONS CO COM 17453b101 6280 364062.95 SH Defined 01 02 102233.995 261828.96
CITY NATIONAL CORP COM 178566105 1,582 44,568 SOLE 44,568
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 600 8000 SH Sole 8000
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 135 1800 SH Defined 01 1800
CLOROX CO COM 189054109 771 17200 SH Defined 01 02 6300 10900
CMGI INC COM 125750109 3,862 84,425 SOLE 84,425
CMP GROUP COM 125887109 5,350 182,500 SOLE 182,500
CMS ENERGY CORP COM 125896100 835 37,760 SOLE 37,760
CNA SURETY CORPN (sur) COM 12612L108 1,140 95,500 SOLE 95,500
COACHMEN INDUSTRIES INC COM 189873102 1,839 159,900 SOLE 159,900
COAST FEDERAL LITIG RTS COM 19034Q110 201 134,300 SOLE 134,300
COASTAL CORP COM 190441105 5,320 87,400 SOLE 87,400
COASTAL CORP COM 190441105 487 8000 SH Sole 8000
COHOES BANCORP INC COM 192513109 426 31,000 SOLE 31,000
COINMACH LAUNDRY CORP COM 19259L101 1,120 80,000 SOLE 80,000
COLUMBIA ENERGY GROUP (cg) COM 197648108 18,145 276,500 SOLE 276,500
COLUMBIAN NORTHLAND EXPL COM 198675100 0 27300 SH Sole 27300
COMCAST CORP SPECIAL CL A COM 200300200 20,365 502,844 SOLE 502,844
COMCAST CORP-SPECIAL CL A COM 200300200 324 8000 SH Sole 8000
COMCAST CORP-SPECIAL CL A COM 200300200 65 1600 SH Defined 01 1600
COMMERCIAL ASSETS INC COM 201119104 343 68,600 SOLE 68,600
COMPASS GROUP COM G23296174 132 10,000 SOLE 10,000
COMPTEK RESEARCH INC COM 204682108 1,058 59,600 SOLE 59,600
COMPUTER ASSOCIATES INTL I COM 204912109 1,714 33,493 SOLE 33,493
COMPUTER SCIENCES CORP COM 205363104 4,213 56,409 SOLE 56,409
COMSAT SERIES 1 COM 20564D107 1,753 74,579 SOLE 74,579
CONEXANT SYSTEM INC COM 207142100 1,290 26,569 SOLE 26,569
CONSOLIDATED PAPERS INC COM 209759109 5,865 160,400 SOLE 160,400
CONSUMERS FINANCIAL CORP COM 210520102 4 25,768 SOLE 25,768
CONVERGYS CORP COM 212485106 441 8500 SH Defined 02 8500
CORNING INC. COM 215350105 9,934 36,811 SOLE 36,811
COSTAR GROUP INC COM 22160N109 1,080 43,111 SOLE 43,111
CRAY INC COM 225223106 69 20,000 SOLE 20,000
CRAY INC COM 225223106 670 195000 SH Defined 01 195000
CRITICAL PATH INC COM 22674V100 3,342 57,376 SOLE 57,376
CROWN CASTLE INTL CORP COM 228227104 219 6000 SH Defined 01 02 4000 2000
CROWN CENTRAL PETROLEUM CL COM 228219101 220 24,300 SOLE 24,300
CROWN CENTRAL PETROLEUM CO COM 228219309 290 31,800 SOLE 31,800
CROWN PACIFIC PARTNERS LP COM 228439105 1,017 53,500 SOLE 53,500
CSF HOLDINGS ESCROW COM 126335991 0 27,350 SOLE 27,350
CTG RESOURCES INC COM 125957100 8,112 221,100 SOLE 221,100
CYBERGOLD INC COM 23246N105 1,891 203,100 SOLE 203,100
DAISYTEK INTERNATIONAL COR COM 234053106 571 60,500 SOLE 60,500
DBL LIQUIDATING TRUST (dbl COM 233038108 0 13,000 SOLE 13,000
DEAN FOODS CO COM 242361103 459 14,500 SOLE 14,500
DELTA & PINE LAND CO COM 247357106 7,353 293,400 SOLE 293,400
DESTRON FEARING CORP COM 250637105 977 212,705 SOLE 212,705
DEVON ENERGY CORP COM 25179m103 562 10000 SH Sole 10000
DEVON ENERGY CORP COM 25179m103 225 4000 SH Defined 01 4000
DEVON ENERGY CORP NEW (dvn COM 25179M103 806 14,346 SOLE 14,346
DEXTER CORP COM 252165105 3,845 80,100 SOLE 80,100
DIGITAL INSIGHT CORP COM 25385P10600 1,567 45,997 SOLE 45,997
DIME BANKCORP NEW (dme) COM 25429Q102 4,662 296,000 SOLE 296,000
DOMINION RES INC VA NEW (d COM 25746U109 4,756 110,925 SOLE 110,925
DOW JONES & CO INC COM 260561105 623 8500 SH Defined 02 8500
DUKE REALTY INVESTMENTS INC COM 264411505 224 10000 SH Sole 10000
DUN & BRADSTREET CORP DEL COM 26483b106 650 22712 SH Defined 01 02 14412 8300
DYNASTY CLASSICS COM 268127107 0 19,415 SOLE 19,415
DYNEGY INC (HOLDING CO) NE COM 26816Q101 4,514 66,077 SOLE 66,077
E TRADE GROUP INC COM 269246104 209 12,732 SOLE 12,732
E W SCRIPPS CO NEW-CL A COM 811054204 246 5000 SH Sole 5000
E W SCRIPPS CO NEW-CL A COM 811054204 197 4000 SH Defined 01 02 1000 3000
EARTHLINK INC. COM 270321102 1,455 95,006 SOLE 95,006
EASTERN ENTERPRISES INC COM 27637F100 12,225 194,041 SOLE 194,041
EBS BUILDING LLC RSTD CL A COM NOT AVAIL 1,542 734,222 SOLE 734,222
EBS LITIGATION LLC RSTD CL COM NOT AVAIL 353 1,176,937 SOLE 1,176,937
EBS PENSION LLC RSTD CL A COM NOT AVAIL 533 1,184,616 SOLE 1,184,616
EDISON INTERNATIONAL COM 281020107 265 12943 SH Defined 01 02 5800 7143
EFTC CORP COM 268443108 22 10,000 SOLE 10,000
EIRCOM PLC COM 28257P105 226 21,000 SOLE 21,000
EL PASO ENERGY CORP COM 283905107 764 15000 SH Sole 15000
EL PASO ENERGY CORP COM 283905107 902 17700 SH Defined 01 02 12000 5700
ELDER BEERMAN STORES CP COM 284470101 42 10,438 SOLE 10,438
ELITE INFORMATION GROUP IN COM 28659M106 94 13,600 SOLE 13,600
EMC CORP-MASS COM 268648102 1723 22400 SH Defined 01 02 13800 8600
EMMIS COMMUNICATIONS CORP-CL A COM 291525103 414 10000 SH Defined 01 02 6000 4000
ENCOMPASS SERVICES CORP COM 29255U104 1,096 190,583 SOLE 190,583
END OF THE ROAD TRUST CL A COM 292567104 608 450,092 SOLE 450,092
ENERGIZER HOLDINGS INC (en COM 29266R108 366 20,031 SOLE 20,031
ENERGYNORTH INC COM 292925104 1,997 33,700 SOLE 33,700
ENEX RESOURCES COM 292744208 53 19,363 SOLE 19,363
EQK REALTY INVESTORS 1 SBI COM 268820107 0 19600 SH Defined 01 19600
EQUANT N V COM 294409107 1,505 35,000 SOLE 35,000
EQUITY OFFICE PROPERTIES T COM 294741103 3,498 126,919 SOLE 126,919
EQUITY OFFICE PROPERTIES TRUST COM 294741103 551 20000 SH Sole 20000
EQUITY OFFICE PROPERTIES TRUST COM 294741103 182 6615 SH Defined 01 1125 5490
ESKIMO PIE CORP COM 296443104 1,825 184,844 SOLE 184,844
E-TEK DYNAMICS INC COM 269240107 1,345 5,100 SOLE 5,100
E-TOWN CORP COM 269242103 1,674 25,200 SOLE 25,200
EXCEL TECHNOLOGY INC COM 30067t103 252 5000 SH Defined 01 02 4000 1000
EXIDE CORP COM 302051107 120 15,000 SOLE 15,000
EXXON MOBIL CORP COM 30231g102 628 8000 SH Sole 8000
EXXON MOBIL CORP COM 30231g102 1070 13631 SH Defined 01 02 8949 4682
FALL RIVER GAS CO (fal) COM 306279100 2,336 106,200 SOLE 106,200
FIDELITY NATIONAL FINANCIA COM 316326107 4,887 266,864 SOLE 266,864
FIDELITY NATIONAL FINANCIAL IN COM 316326107 183 10000 SH Sole 10000
FIDELITY NATIONAL FINANCIAL IN COM 316326107 256 14000 SH Defined 01 14000
FINANCIAL FEDERAL CORP COM 317492106 958 55127 SH Defined 01 1050 54077
FINANCIAL SECURITY ASSURAN COM 31769P100 3,414 45,000 SOLE 45,000
FIRST REPUBLIC BANCORP INC COM 336158100 299 14986 SH Defined 01 14986
FIRST SAVINGS BANCORP INC COM 335939104 197 12,100 SOLE 12,100
FIRST SECURITY CORP DEL COM 336294103 259 19,100 SOLE 19,100
FIRST UNITED BANCSHARES IN COM 33741E104 303 20,700 SOLE 20,700
FIRSTAR CORP WIS-NEW COM 33763v109 227 10800 SH Defined 01 10800
FISHER SCIENTIFIC INTL INC COM 338032105 619 25,000 SOLE 25,000
FLEXTRONICS INTERNATIONAL COM Y2573F10200 8,384 122,062 SOLE 122,062
FLORIDA PROGRESS CORP COM 341109106 3,811 81,300 SOLE 81,300
FNB CORP NC COM 302519103 217 22,280 SOLE 22,280
FOAMEX INTERNATIONAL INC COM 344123104 325 56,525 SOLE 56,525
FPL GROUP INC COM 302571104 2,752 55,600 SOLE 55,600
FRESNIUS MED CARE HDLGS PF COM 358030203 0 225,600 SOLE 225,600
FRIEDE GOLDMAN HALTER INC COM 358430106 1,294 144,748 SOLE 144,748
FUELCELL ENERGY INC COM 35952h106 207 3000 SH Defined 01 02 2250 750
GATEFIELD CORP NEW COM 367339207 73 15,000 SOLE 15,000
GENERAL ELECTRIC CO COM 369604103 4,639 87,525 SOLE 87,525
GENERAL ELECTRIC CO COM 369604103 795 15000 SH Sole 15000
GENERAL ELECTRIC CO COM 369604103 2806 52945 SH Defined 01 02 3900 49045
GENERAL MOTORS COM 370442105 4,419 76,102 SOLE 76,102
GENERAL MOTORS CL H COM 370442832 10,656 121,439 SOLE 121,439
GENERAL MOTORS CORP CL H COM 370442832 2181 24852 SH Defined 01 02 8250 16602
GENZYME SURGICAL PRODS DIVISIO COM 372917609 99 10000 SH Sole 10000
GENZYME SURGICAL PRODS DIVISIO COM 372917609 40 4000 SH Defined 01 4000
GEON CO COM 37246W105 474 25,600 SOLE 25,600
GIBRALTAR STEEL CORP COM 37476F103 340 24,300 SOLE 24,300
GILLETTE CO COM 375766102 347 9944 SH Defined 01 02 4400 5544
GLIATECH INC COM 37929C103 715 35,300 SOLE 35,300
GLOBAL CROSSING LTD COM G3921A100 9,284 352,847 SOLE 352,847
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 142 13000 SH Sole 13000
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 86 7900 SH Defined 01 7900
GLOBE BUSINESS RESOURCES I COM 379395106 1,201 93,300 SOLE 93,300
GOLDEN BOOKS FAMILY ENTERT COM 380804203 222 273,143 SOLE 273,143
GOLDEN STATE BANCORP WTS COM 381197136 208 184,599 SOLE 184,599
GPU INC COM 36225X100 541 20,000 SOLE 20,000
GRAND UN CO COM 386532402 5 10,000 SOLE 10,000
GREATER BAY BANCORP COM 391648102 579 12,389 SOLE 12,389
GREEN MOUNTAIN POWER CORP COM 393154109 554 67,100 SOLE 67,100
GTE CORP COM 362320103 2,480 40,000 SOLE 40,000
GTE CORP COM 362320103 1286 20662 SH Defined 01 02 5762 14900
GUIDANT CORP COM 401698105 3,343 67,533 SOLE 67,533
GULFMARK INTERNATIONAL INC COM 402629109 1024 41780 SH Defined 01 02 7600 34180
GULFPORT ENERGY NEW (gpor) COM 402635304 140 34,967 SOLE 34,967
HAIN CELESTIAL GROUP INC COM 405217100 4,070 110,943 SOLE 110,943
HALLIBURTON CO COM 406216101 378 8000 SH Defined 01 8000
HANNAFORD BROS CO COM 410550107 14,893 207,200 SOLE 207,200
HARCOURT GENERAL INC COM 41163g103 2,991 55,000 SOLE 55,000
HARCOURT GENERAL INC COM 41163g101 272 5000 SH Sole 5000
HARCOURT GENERAL INC COM 41163g101 435 8000 SH Defined 01 8000
HARMONIC INC COM 413160102 836 33,704 SOLE 33,704
HAYES LEMMERZ INTERNATIONA COM 420781106 145 12,000 SOLE 12,000
HEALTHEON CORP/WEBMD CORP COM 422209106 1,385 93,896 SOLE 93,896
HEALTHPLAN SERVICES CORP COM 421959107 635 274,800 SOLE 274,800
HEWLETT PACKARD CO COM 428236103 425 3400 SH Defined 01 02 1600 1800
HIBERNIA CORP-CL A COM 428656102 324 29,755 SOLE 29,755
HIGHLAND BANCORP INC COM 429879109 1,220 50,200 SOLE 50,200
HILLS STORE COMPANY CONT R COM 431COM991 0 500,000 SOLE 500,000
HILLS STORES CO (EXCH) 12. COM 431DEF9C8 0 2,250,000 SOLE 2,250,000
HMT TECHNOLOGY CORP COM 403917107 529 338,500 SOLE 338,500
HOLLY CORP NEW COM 435758305 148 12,500 SOLE 12,500
HOME DEPOT INC COM 437076102 758 15175 SH Defined 01 02 6000 9175
HOME PRODUCTS INTERNATIONA COM 437305105 731 191,748 SOLE 191,748
HOMEFED CORP NEW (hfdc) COM 43739D208 32 47,477 SOLE 47,477
HOMEPLACE AMER INC COM 43739X105 533 152,411 SOLE 152,411
HOMEPLACE OF AMERICA INC COM NOT AVAIL 235 67,269 SOLE 67,269
HONEYWELL COM 438516106 168 5000 SH Sole 5000
HONEYWELL COM 438516106 67 2000 SH Defined 01 2000
HONEYWELL INTL INC (hon) COM 438516106 3,330 98,861 SOLE 98,861
HOST MARRIOTT CORP-NEW REIT COM 44107p104 276 29435 SH Defined 01 02 4348 25087
HUDSON RIVER BANCORP INC COM 444128102 542 45,900 SOLE 45,900
HUDSON UNITED BANCORP COM 444165104 2,043 91,039 SOLE 91,039
HUMPHREY HOSPITALITY TR IN COM 445467103 377 49,902 SOLE 49,902
I2 TECHNOLOGIES INC COM 465754102 5,663 54,317 SOLE 54,317
IGENE BIOTECHNOLOGY INC COM 451695100 10 70000 SH Defined 01 70000
ILLINOIS TOOL WORKS COM 452308109 8,042 141,082 SOLE 141,082
IMS HEALTH INC COM 449934108 1329 73824 SH Defined 01 02 33824 40000
INCO LTD CL VBN (VOYSEY BA COM 453258709 237 52,400 SOLE 52,400
INDEPENDENCE COMMUNITY BAN COM 453414104 643 48,530 SOLE 48,530
INDEPENDENT BANKSHARES INC COM 453841207 740 39,100 SOLE 39,100
INFERENCE CORP CL A COM 45662K109 464 52,000 SOLE 52,000
INFORMIX CORP COM 456779107 3,001 403,437 SOLE 403,437
INFORMIX CORP COM 456779107 74 10000 SH Sole 10000
INTERFACE SYSTEMS INC COM 458667102 1,656 132,500 SOLE 132,500
INTERLINQ SOFTWARE CORP COM 458753100 175 80,125 SOLE 80,125
INTERLOGIX INC COM 458763109 467 34,943 SOLE 34,943
INTERMAGNETICS GENERAL CORP COM 458771102 276 14598 SH Defined 01 14598
INTERMEDIA COMMUNICATIONS INC COM 458801107 149 5000 SH Sole 5000
INTERMEDIA COMMUNICATIONS INC COM 458801107 1648 55400 SH Defined 01 02 9200 46200
INTERNATIONAL BUSINESS MACHINE COM 459200101 917 8368 SH Defined 01 02 944 7424
INTERNATIONAL HOME FOODS COM 459655106 4,292 205,000 SOLE 205,000
INTERNET PICTURES COM 46059S101 199 13,156 SOLE 13,156
INTERPUBLIC GROUP OF COS I COM 460690100 4,593 106,808 SOLE 106,808
INTERPUBLIC GROUP OF COS INC COM 460690100 417 9696 SH Defined 01 9696
INTUIT INC COM 461202103 2,054 49,799 SOLE 49,799
IRON MOUNTAIN IN PA (IRM) COM 462846106 5,142 151,230 SOLE 151,230
ISIS PHARMACEUTICALS INC COM 464330109 1106 76255 SH Defined 01 76255
ITC DELTACOM INC COM 45031t104 112 5000 SH Sole 5000
ITC DELTACOM INC COM 45031t104 161 7200 SH Defined 01 7200
JANNOCK PROPERTIES LTD COM 470890104 74 88,700 SOLE 88,700
JDS UNIPHASE CORP COM 46612J101 17,898 149,298 SOLE 149,298
JENNY CRAIG INC COM 224206102 474 137,900 SOLE 137,900
JOHN HANCOCK BANK & THRIFT OPP COM 409735107 340 50800 SH Defined 01 50800
JOHNS MANVILLE CORP NEW COM 478129109 528 40,000 SOLE 40,000
JOHNSON & JOHNSON COM 478160104 815 8000 SH Sole 8000
JOHNSON & JOHNSON COM 478160104 3392 33300 SH Defined 01 02 8400 24900
JUNO LIGHTING INC (juno) COM 482047206 155 26,301 SOLE 26,301
JUPITER COMMUNICATIONS INC COM 482050101 1,122 48,800 SOLE 48,800
JUSTIN INDUSTIES INC COM 482171105 3,505 160,700 SOLE 160,700
KANA COMMUNICATIONS INC COM 483600102 4,634 74,886 SOLE 74,886
KDI CORP-CONTINGENT PMT UNIT COM 482452307 0 149500 SH Sole 149500
KEEBLER FOODS CO COM 487256109 6,070 163,500 SOLE 163,500
KINDER MORGAN INC KANS COM 49455p101 415 12000 SH Defined 01 02 10650 1350
KING PHARMACEUTICALS INC ( COM 495582108 6,236 142,125 SOLE 142,125
KLA INSTRUMENTS CORP W/RTS COM 482480100 213 3640 SH Defined 01 02 3240 400
KRAMONT REALTY TRUST COM 50075Q107 1,040 110,900 SOLE 110,900
LANDSING PACIFIC FUND (ldp COM 515096105 0 81,850 SOLE 81,850
LASALLE RE HOLDINGS LTD COM G5383Q101 1,734 122,200 SOLE 122,200
LASER POWER CORP COM 51806K104 2,317 469,207 SOLE 469,207
LAZY BOY INC COM 505336107 1,305 93,181 SOLE 93,181
LEAPNET INC COM 521864108 355 113,735 SOLE 113,735
LEGG MASON CANADA HOLDINGS COM 52465S107 528 10,447 SOLE 10,447
LENNAR CORP COM 526057104 3,672 181,350 SOLE 181,350
LENNOX INTL INC (lii) COM 526107107 384 28,975 SOLE 28,975
LEVEL 8 SYSTEMS INC COM 52729M102 1,430 68,072 SOLE 68,072
LHS GROUP INC COM 501938104 2,249 65,900 SOLE 65,900
LIBERTY LIVEWIRE CORP CL A COM 530709104 416 5920 SH Defined 02 5920
LIFE TECHNOLOGIES INC NEW COM 532177201 681 13,356 SOLE 13,356
LIFELINE SYSTEMS INC COM 532192101 1,522 109,675 SOLE 109,675
LJL BIOSYSTEMS INC COM 501873103 1,172 60,700 SOLE 60,700
LONDON PACIFIC GROUP LTD SPONS COM 542073101 125 9600 SH Sole 9600
LONDON PACIFIC GROUP LTD SPONS COM 542073101 260 20000 SH Defined 01 02 4000 16000
LONE STAR LIQUIDATING TRUS COM 54229R102 1,225 9,802,855 SOLE 9,802,855
LORONIX INFORMATION SYSTEM COM 544183106 1,551 44,000 SOLE 44,000
LOWRANCE ELECTRONICS INC COM 548900109 175 46,568 SOLE 46,568
LUCENT TECHNOLOGIES INC COM 549463107 700 11818 SH Defined 01 02 5256 6562
LUCENT TECHNOLOGIES INC. COM 549463107 6,991 117,988 SOLE 117,988
LUNAR CORP COM 550362107 1,318 78,700 SOLE 78,700
LYCOS INC COM 550818108 3,255 60,200 SOLE 60,200
MACK-CALI REALTY CORP COM 554489104 270 10,500 SOLE 10,500
MAIL.COM INC CL A (mail) COM 560311102 543 96,534 SOLE 96,534
MALLINCKRODT INC. NEW COM 561232109 4,561 105,000 SOLE 105,000
MAPQUEST.COM INC COM 565644101 3,394 203,400 SOLE 203,400
MARK IV INDUSTRIES INC COM 570387100 1,044 50,000 SOLE 50,000
MATLACK SYSTEMS INC COM 576901102 134 61,100 SOLE 61,100
MATRIX BANCORP INC COM 576819106 155 22,974 SOLE 22,974
MBO PROPERTIES INC (mbopq) COM 55263L109 361 360,857 SOLE 360,857
MCDONALDS CORP COM 580135101 553 16800 SH Defined 01 02 4400 12400
MCI WORLDCOM INC (wcom) COM 55268B106 950 20,700 SOLE 20,700
McLEOD USA INC COM 582266102 1,900 91,860 SOLE 91,860
MCLEODUSA INC-CL A FORMERLY MC COM 582266102 145 7000 SH Sole 7000
MCLEODUSA INC-CL A FORMERLY MC COM 582266102 295 14250 SH Defined 01 02 6000 8250
MCN ENERGY GROUP INC COM 552675100 2,415 113,000 SOLE 113,000
MCWHORTER TECHNOLOGIES INC COM 582803102 1,944 100,000 SOLE 100,000
MEDIA 100 INC COM 58440W105 4,126 160,638 SOLE 160,638
MEDIAONE GROUP INC COM 58440j104 1298 19480 SH Defined 01 02 6000 13480
MEDIAONE GROUP INC (umg) COM 58440J104 18,220 272,300 SOLE 272,300
MEDICAL MANAGER CORP NEW ( COM 58461U103 527 15,500 SOLE 15,500
MEDIMMUNE INC COM 584699102 10,888 147,261 SOLE 147,261
MEDIWARE INFORMATION SYSTE COM 584946107 352 55,800 SOLE 55,800
MEDQUIST INC COM 584949101 3,675 79,800 SOLE 79,800
MELLON FINL CORP COM 58551a108 364 10000 SH Sole 10000
MELLON FINL CORP COM 58551a108 558 15300 SH Defined 01 02 10000 5300
MEPC PLC ORD 30.263P COM GB0002907 165 20,045 SOLE 20,045
MERCK & CO INC COM 589331107 705 9200 SH Defined 02 9200
MEREDITH CORP COM 589433101 169 5000 SH Sole 5000
MEREDITH CORP COM 589433101 175 5200 SH Defined 01 5200
MERISTAR HOTELS & RESORTS COM 589988104 186 64,549 SOLE 64,549
MERRILL LYNCH & CO INC COM 590188108 1,070 9,300 SOLE 9,300
METLIFE INC COM 59156r108 421 20000 SH Sole 20000
METLIFE INC COM 59156r108 126 6000 SH Defined 01 6000
METROCALL INC RTS COM 591647110 0 67,749 SOLE 67,749
METROMEDIA INTERNATIONAL G COM 591695101 328 69,096 SOLE 69,096
MGI PROPERTY (mgi) COM 552885105 1,276 551,800 SOLE 551,800
MICHAEL FOODS INC NEW COM 594079105 806 32,900 SOLE 32,900
MICRO COMPONENT TECHNOLOGY COM 59479Q100 778 90,868 SOLE 90,868
MICROSOFT CORP COM 594918104 2,966 37,104 SOLE 37,104
MICROSOFT CORP COM 594918104 1079 13490 SH Defined 01 02 10100 3390
MILESTONE PROPERTIES INC ( COM 599358108 1,079 292,727 SOLE 292,727
MILLENNIUM PHARMACEUTICALS COM 599902103 5,439 48,644 SOLE 48,644
MILLER BUILDING SYSTEMS IN COM 600404107 1,275 175,800 SOLE 175,800
MIPS TECHNOLOGY INC CL B COM 60456720600 385 9,878 SOLE 9,878
MOTOROLA INC COM 620076109 7,700 264,960 SOLE 264,960
MOTOROLA INC COM 620076109 340 11700 SH Defined 01 11700
MPW INDUSTRIAL SERVICES GR COM 553444100 113 15,000 SOLE 15,000
MULTEX COM INC COM 625367107 753 29,910 SOLE 29,910
NABISCO GROUP HOLDINGS COR COM 62952P102 3,037 117,100 SOLE 117,100
NABISCO HOLDINGS CORP-CL A COM 629526104 22,244 423,700 SOLE 423,700
NATIONAL-OILWELL INC COM 637071101 1,644 50,013 SOLE 50,013
NBT BANCORP INC COM 628778102 873 83,144 SOLE 83,144
NESTLE SA-SPONSORED ADR REPSTG COM 641069406 1476 14700 SH Defined 01 02 9700 5000
NETIQ CORP COM 64115P102 2,360 39,578 SOLE 39,578
NETRIX CORP COM 641148101 3,097 252,841 SOLE 252,841
NEW PLAN EXCEL REALTY TRUST IN COM 648053106 151 11650 SH Defined 01 11650
NEWPARK RESOURCES INC NEW COM 651718504 94 10000 SH Defined 02 10000
NEWS CORP LTD-SPONSORED ADR RE COM 652487802 475 10000 SH Sole 10000
NEWS CORP LTD-SPONSORED ADR RE COM 652487802 570 12000 SH Defined 01 02 10000 2000
NEWSEDGE CORP COM 65249Q106 637 261,300 SOLE 261,300
NEXTLINK COMMUNICATIONS IN COM 65333H707 10,283 271,506 SOLE 271,506
NEXTWAVE TELECOM INC SERIE COM NOT AVAIL 536 285,650 SOLE 285,650
NOBEL INSURANCE LTD COM 654885102 123 163,612 SOLE 163,612
NOBLE INTERNATIONAL LTD COM 655053106 1,011 130,500 SOLE 130,500
NOEL GROUP INC COM 655260107 0 247,800 SOLE 247,800
NOEL GROUP INC UNIT BEN IN COM 655260305 0 247,800 SOLE 247,800
NOEL LIQUIDATION COM 655266104 0 247,800 SOLE 247,800
NOMAS CORP NEV COM 65531N100 67 26,819 SOLE 26,819
NOMAS CORP NEW PFD SER A COM 65531N209 0 26,819 SOLE 26,819
NOODLE KIDOODLE INC COM 655370104 44 14,500 SOLE 14,500
NORTEL NETWORK CORP NEW COM 656568102 9,768 143,120 SOLE 143,120
NORTH AMERICAN BANK & TRUST CO COM 656751104 34 10000 SH Defined 01 10000
NORTH AMERICAN VACCINE INC COM 657201109 2,177 301,900 SOLE 301,900
NORTH LTD ORD COM Q6988U108 28 12,000 SOLE 12,000
NORTHEAST BANCORP ESCROW/R COM 664058989 0 153,030 SOLE 153,030
NTL INCORPORATED COM 629407107 2391 39935 SH Defined 01 02 2813 37122
NVEST LP UNITS LTD COM 67065F107 758 20,000 SOLE 20,000
OAK TECHNOLOGY INC COM 671802106 7,020 326,518 SOLE 326,518
OCULAR SCIENCES INC COM 675744106 1,204 103,000 SOLE 103,000
OLD GUARD GROUP INC COM 679783100 265 23,300 SOLE 23,300
OLD NATIONAL BANCORP IND COM 680033107 2,212 75,619 SOLE 75,619
ONE VALLEY BANCORP INC COM 682419106 1,534 49,100 SOLE 49,100
ONEMAIN.COM INC COM 68267P107 1,027 91,300 SOLE 91,300
ONHEALTH NETWORK CO COM 68272W107 444 197,150 SOLE 197,150
ONLINETRADINGINC.COM CORP COM 68273D108 411 83,300 SOLE 83,300
ON-POINT TECHNOLOGY SYSTEM COM 682184106 127 131,551 SOLE 131,551
OPHTHALMIC IMAGING SYSTEMS COM 683737209 5 10,000 SOLE 10,000
OPTISYSTEMS SOLUTIONS LTD COM M75252102 1,952 201,500 SOLE 201,500
ORACLE CORP COM 68389x105 210 2500 SH Defined 01 2500
ORTHOFIX INT NV (ofix) COM N6748L102 493 27,763 SOLE 27,763
O'SULLIVAN INDS HLDG SR PF COM 67104Q205 43 85,200 SOLE 85,200
PACIFIC GATEWAY PROPERTIES COM 694330101 240 20,100 SOLE 20,100
PACIFIC GULF PROPERTIES IN COM 694396102 501 20,000 SOLE 20,000
PACIFIC GULF PROPERTIES INC COM 694396102 251 10000 SH Sole 10000
PACIFIC GULF PROPERTIES INC COM 694396102 75 3000 SH Defined 01 3000
PALL CORP COM 696429307 203 11000 SH Sole 11000
PALL CORP COM 696429308 1170 63256 SH Defined 01 02 5233 58023
PALM INC COM 696642107 983 29450 SH Defined 01 29450
PARAMETRIC TECHNOLOGY CORP COM 699173100 330 30,000 SOLE 30,000
PARK PLACE ENTERTAINMENT C COM 700690100 268 22,000 SOLE 22,000
PATHOGENESIS CORP COM 70321E104 882 34,000 SOLE 34,000
PEAK INTERNATIONAL LTD COM G69586108 235 34,850 SOLE 34,850
PEPSICO INC COM 713448108 889 20000 SH Sole 20000
PEPSICO INC COM 713448109 295 6640 SH Defined 01 02 5400 1240
PEPTIDE THERAPEUTICS GROUP COM G70036101 24 17,250 SOLE 17,250
PEREGRINE SYSTEMS INC COM 71366Q101 2,298 66,003 SOLE 66,003
PERKINELMER INC COM 714046109 4,670 70,629 SOLE 70,629
PERMANENT BANCORP INC COM 714197100 1,023 52,300 SOLE 52,300
PETRIE STORES LIQUIDATING COM 716437108 221 186,075 SOLE 186,075
PETROGLYPH ENERGY INC COM 71649C101 33 12,400 SOLE 12,400
PFIZER COM 717081103 23,357 486,602 SOLE 486,602
PFIZER INC COM 717081103 720 15000 SH Sole 15000
PFIZER INC COM 717081104 2925 60936 SH Defined 01 02 43650 17286
PGA EUROPEAN TOUR COM GB0006660 9 15,000 SOLE 15,000
PHARMACIA CORP COM 71713U102 3,742 72,394 SOLE 72,394
PHILADELPHIA SUBURBAN CORP COM 718009608 431 21,000 + SOLE 21,000
PHILIPS INTERNATIONAL REAL COM 718333107 725 41,700 SOLE 41,700
PHOTRONICS INC COM 719405102 354 12,478 SOLE 12,478
PINNACLE ENTERTAINMENT INC COM 723456109 1,652 85,000 SOLE 85,000
PIXTECH INC COM 72583k109 266 137500 SH Defined 01 137500
POLICY MANAGEMENT SYSTEMS COM 731108106 2,712 176,400 SOLE 176,400
PREMIERE PAGE INC ESCROW COM 74058E998 0 28,000 SOLE 28,000
PREMIERWEST BANCORP COM 740921101 89 19,178 SOLE 19,178
PREMIUMWEAR INC COM 740909106 1,547 116,200 SOLE 116,200
PRIMARK CORP COM 741903108 1,416 38,000 SOLE 38,000
PRIME HOSPITALITY CORP COM 741917108 283 30,000 SOLE 30,000
PRIME HOSPITALITY CORP COM 741917108 274 29000 SH Sole 29000
PRIME HOSPITALITY CORP COM 741917109 462 49000 SH Defined 01 02 2800 46200
PRIME RETAIL INC 8.5% CV P COM 741570303 155 22,198 SOLE 22,198
PROCTER & GAMBLE CO COM 742718109 435 7600 SH Defined 01 02 1600 6000
PRODIGY COMMUNICATION CORP COM 74283P206 839 80,891 SOLE 80,891
PROLOGIS TRUST SH BEN INT COM 743410102 213 10000 SH Sole 10000
PROLOGIS TRUST SH BEN INT COM 743410103 171 8000 SH Defined 01 800 7200
PROSPECT GROUP NEW (pros) COM 742918501 3 18,811 SOLE 18,811
PROTOCOL SYSTEMS INC COM 74371R106 6,437 405,500 SOLE 405,500
PROVIDENT BANKSHARES CORP COM 743859100 1613 119517 SH Defined 01 02 19295 100222
PRUDENTIAL STEEL LTD COM 74435C103 1,612 110,000 SOLE 110,000
PSC INC COM 69361E107 1,905 234,400 SOLE 234,400
PSINET INC COM 74437C101 2,850 113,421 SOLE 113,421
PSS WORLD MEDICAL INC COM 69366A100 473 71,000 SOLE 71,000
QUEST EDUCATION CORP COM 74835F102 2,872 159,000 SOLE 159,000
QUINTUS CORP COM 748798105 1,174 59,258 SOLE 59,258
QWEST COMMUNICATIONS INTL COM 749121109 28,819 580,000 SOLE 580,000
RAINFOREST CAFE INC COM 75086K104 663 223,400 SOLE 223,400
RALSTON-RALSTON PURINA GRO COM 751277302 1,198 60,100 SOLE 60,100
RAYTECH CORP DEL COM 755103108 947 291,300 SOLE 291,300
RECKSON ASSOC REALTY CORP COM 75621K304 1,647 64,763 SOLE 64,763
REINSURANCE GROUP OF AMERI COM 759351109 590 19,590 SOLE 19,590
RELIANCE GROUP HOLDINGS IN COM 759464100 111 148,000 SOLE 148,000
RELIASTAR FINANCIAL COM 759520103 5,506 105,000 SOLE 105,000
REUTERS GROUP PLC SPONSORED AD COM 76132m102 277 2773 SH Defined 02 2773
ROCKY MOUNTAIN CHOCOLATE F COM 774678403 136 28,574 SOLE 28,574
ROHN INC COM 775381106 1,523 361,050 SOLE 361,050
ROTONICS MANUFACTURING COM 778903104 234 169,900 SOLE 169,900
ROWAN COMPANIES INC COM 779382100 304 10000 SH Sole 10000
ROYAL DUTCH PETROLEUM CO NY RE COM 780257804 493 8000 SH Defined 01 02 6000 2000
RTS ELAN CORP PLC CONTINGE COM G29539148 59 118,500 SOLE 118,500
SAATCHI & SAATCHI ORD GBPO COM GB000158040 77 12,000 SOLE 12,000
SAGE INC (sagi) COM 786632109 403 31,297 SOLE 31,297
SANMINA CORP COM 800907107 14,163 165,767 SOLE 165,767
SANTA FE SNYDER CORP (sfs) COM 80218K105 2,673 235,000 SOLE 235,000
SAVOIR TECHNOLOGY GROUP IN COM 80533W107 2,842 402,400 SOLE 402,400
SBC COMMUNICATIONS INC COM 78387g103 432 10000 SH Sole 10000
SBC COMMUNICATIONS INC COM 78387g103 670 15485 SH Defined 01 02 5564 9921
SCHEIN PHARMACEUTICAL INC COM 806416103 3,568 165,000 SOLE 165,000
SCHERING PLOUGH CORP COM 806605101 505 10000 SH Sole 10000
SCHERING PLOUGH CORP COM 806605101 944 18700 SH Defined 01 02 16700 2000
SCHLUMBERGER LTD COM 806857108 597 8000 SH Sole 8000
SCHLUMBERGER LTD COM 806857108 577 7732 SH Defined 01 02 6132 1600
SCRIPPS FINANCIAL CORP COM 811040104 306 15,000 SOLE 15,000
SEAGATE TECHNOLOGY INC COM 811804103 13,052 237,300 SOLE 237,300
SEAGRAM CO LTD COM 811850106 8,816 152,000 SOLE 152,000
SEAGRAM CO LTD COM 811850106 464 8000 SH Sole 8000
SEAGRAM CO LTD COM 811850107 1145 19750 SH Defined 01 02 9500 10250
SFX ENTERTAINMENT INC CL A COM 784178105 7,748 171,000 SOLE 171,000
SGV BANCORP INC COM 78422T102 2,072 83,509 SOLE 83,509
SHARED MEDICAL SYSTEMS COR COM 819486101 4,146 56,850 SOLE 56,850
SIENA HOLDINGS INC COM 826203101 208 179,179 SOLE 179,179
SILICON GRAPHICS COM 827056102 230 61,300 SOLE 61,300
SINGER COMPANY NV (THE) COM 82930F109 5 107,285 SOLE 107,285
SIZZLER INTERNATIONAL INC COM 830139101 347 135,275 SOLE 135,275
SJW CORP COM 784305104 951 8,000 SOLE 8,000
SKY FINANCIAL GROUP INC COM 83080P103 1,556 97,651 SOLE 97,651
SNYDER COMMUNICATIONS INC COM 832914105 3,159 133,000 SOLE 133,000
SOLECTRON CORP COM 834182107 4,732 113,006 SOLE 113,006
SOUTHDOWN INC COM 841297104 3,119 54,000 SOLE 54,000
SOUTHERN PACIFIC PETROLEUM COM 843581307 21 10000 SH Defined 01 10000
SOUTHERN UNION CO NEW COM 844030106 2,155 136,280 SOLE 136,280
SOUTHERN UNION CO NEW COM 844030106 127 8000 SH Sole 8000
SOUTHERN UNION CO NEW COM 844030107 191 12100 SH Defined 01 800 11300
SOUTHWEST GAS CORP COM 844895102 6,920 395,400 SOLE 395,400
SOUTHWESTERN LIFE HOLDING COM 945606101 520 38,719 SOLE 38,719
SOVEREIGN BANCORP INC COM 845905108 532 75,721 SOLE 75,721
SOVEREIGN BANCORP INC COM 845905108 86 12240 SH Defined 01 1440 10800
SPECTRANETICS CORP COM 84760C107 72 14,778 SOLE 14,778
SPIROS DEV CORP II INC COM 848936100 3,112 218,355 SOLE 218,355
SPYGLASS INC COM 852192103 526 16,800 SOLE 16,800
STAFF LEASING INC COM 852381102 134 37,550 SOLE 37,550
STAR TELECOMMUNICATIONS IN COM 854923109 254 100,345 SOLE 100,345
STARWOOD HOTELS & RESORTS WORL COM 85590a203 378 11700 SH Defined 01 11700
STATE FINANCIAL SERVICES C COM 856855101 341 35,694 SOLE 35,694
STRAWBRIDGE & CLOTHIER ESC COM 863200986 2 181,668 SOLE 181,668
STRAYER EDUCATION INC COM 863236105 1,345 56,500 SOLE 56,500
STUDENT LOAN CORP COM 863902102 1,722 41,000 SOLE 41,000
SUMMIT BANCORP NEW COM 866005101 3,000 121,829 SOLE 121,829
SUMMIT TECHNOLOGY INC COM 86627E101 4,239 224,600 SOLE 224,600
SUN LIFE AND PROVINCE ORD COM g8582v103 102 13,450 SOLE 13,450
SUNBEAM CORP WTS 8/23/03 ( COM 867071128 45 65,263 SOLE 65,263
SUPERMARKETS GENERAL $3.52 COM 868446204 7 32,858 SOLE 32,858
SUPERVALU INC COM 868536103 2,159 113,266 SOLE 113,266
SWISS HELVETIA FUND INC COM 870875101 639 43324 SH Defined 01 02 6006 37318
SYBRON CHEMICALS INC COM 870903101 969 44,300 SOLE 44,300
TECH SYM COPR COM 878308105 1,235 43,900 SOLE 43,900
TECHNILAB PHARMA INC COM 878939107 51 12,600 SOLE 12,600
TEFRON LTD-ORD COM M87482101 343 20,000 SOLE 20,000
TELE SUDESTE CELULAR PART COM 879252104 3,014 64,700 SOLE 64,700
TELEFONICA DE ARGENTINA SA COM 879378206 2,545 71,500 SOLE 71,500
TELEFONICA DE PERU ADS COM 879384105 2,505 165,300 SOLE 165,300
TELEPHONE & DATA SYSTEMS INC COM 879433100 6421 64050 SH Defined 01 02 16600 47450
TELESP PARTICIPACOES SA COM 87952K100 4,017 145,000 SOLE 145,000
TELOS CORP 12% PFD COM 87969B200 66 14,607 SOLE 14,607
TERRA NETWORKS S A (trra) COM 88100W103 737 20,200 SOLE 20,200
TEXAS INSTRUMENTS INC COM 882508104 5,358 78,010 SOLE 78,010
THEGLOBE.COM INC COM 88335r101 17 10000 SH Sole 10000
THEMOTREX CORP COM 883666109 4,353 393,500 SOLE 393,500
THERMEDICS INC COM 883901100 5,237 552,400 SOLE 552,400
THERMO CARDIOSYSTEMS INC COM 88355K200 3,494 349,400 SOLE 349,400
THERMO ECOTEK CORP COM 88355R106 3,156 336,600 SOLE 336,600
THERMO INSTRUMENT SYSTEMS COM 883559106 856 47,800 SOLE 47,800
THERMO TERRATECH INC COM 883598104 2,003 250,400 SOLE 250,400
THERMOLASE CORP COM 883624108 2,139 760,700 SOLE 760,700
THOMAS NELSON INC COM 640376109 207 24,200 SOLE 24,200
THOMPSON TRAVEL GP PLC ORD COM GB0002706 50 18,778 SOLE 18,778
TIME WARNER INC (HOLDING CO) COM 887315109 2602 34240 SH Defined 01 02 29240 5000
TITAN CORP COM 888266103 4,632 103,519 SOLE 103,519
TLC BEATRICE COM NOT AVAIL 45 15,000 SOLE 15,000
TMP WOLDWIDE INC COM 872941109 2,026 27,466 SOLE 27,466
TODAYS MAN INC (tman) COM 888910106 26 69,252 SOLE 69,252
TOTAL CONTAINMENT INC. COM 89149T101 67 53,910 SOLE 53,910
TOTAL SA COM 89151e109 8,855 115,277 SOLE 115,277
TPI ENTERPRISES COM 872623103 0 534,249 SOLE 534,249
TRIBUNE CO NEW (trb) COM 896047107 6,745 192,703 SOLE 192,703
TRITEL INC CL A COM 89675X104 2,335 78,650 SOLE 78,650
TRIZEC HAHN CORP-SUB VTG COM 896938107 179 10000 SH Sole 10000
TUMBLEWEED COMMUNICATIONS COM 89969010100 3,479 68,388 SOLE 68,388
TYCO INTERNATIONAL LTD COM 902124106 237 5000 SH Sole 5000
TYCO INTERNATIONAL LTD COM 902124107 3506 74000 SH Defined 01 02 22200 51800
U S BANCORP INC COM 902973106 1,292 67,133 SOLE 67,133
U S HOMECARE CORP COM 911819100 0 10000 SH Defined 01 10000
UDC HOMES SER C SUB NTS 0% COM 90264JAA8 0 89,940 SOLE 89,940
UNION BANKSHARES LTD COM 905403101 294 31,802 SOLE 31,802
UNION CARBIDE COM 905581104 5,000 101,000 SOLE 101,000
UNION PACIFIC RESOURCES COM 907834105 220 10000 SH Sole 10000
UNION PACIFIC RESOURCES COM 907834105 73 3338 SH Defined 01 3338
UNION PACIFIC RESOURCES GR COM 907834105 6,189 281,300 SOLE 281,300
UNISYS CORP COM 909214108 316 21,725 SOLE 21,725
UNITED PAN-EUROPE COMMS N V SP COM 911300200 859 31800 SH Defined 01 02 18600 13200
UNITED STATES LEATHER INC COM 912134103 47 186,536 SOLE 186,536
UNITED WATER RESOURCES INC COM 913190104 3,351 96,100 SOLE 96,100
UNITEDGLOBALCOM CL A COM 913247508 196 4200 SH Sole 4200
UNITEDGLOBALCOM CL A COM 913247509 4020 86000 SH Defined 01 02 22900 63100
UNITY BANCORP INC-DEL (unt COM 913290102 121 33,438 SOLE 33,438
UNIVERSAL CORP-VA COM 913456109 211 10000 SH Sole 10000
UNOCAL CORP COM 915289102 331 10000 SH Sole 10000
UNOCAL CORP COM 915289103 67 2013 SH Defined 01 2013
UPM KYMMENE CORP COM 915702103 234 8,700 SOLE 8,700
US CAN CORP (usc) COM 90328W105 348 20,000 SOLE 20,000
US FRANCHISE SYSTEMS INC C COM 902956309 496 103,100 SOLE 103,100
US WEST INC NEW (usw) COM 91273H101 5,291 61,700 SOLE 61,700
USA NETWORKS INC COM 902984103 2,059 95,231 SOLE 95,231
USA NETWORKS INC COM 902984103 173 8000 SH Sole 8000
USA NETWORKS INC COM 902984104 52 2400 SH Defined 01 2400
USB HOLDING CO INC COM 902910108 481 34,048 SOLE 34,048
UTLIX CORP COM 918031105 682 115,400 SOLE 115,400
VARIAN MEDICAL SYSTEMS INC COM 92220p105 634 16200 SH Defined 01 16200
VASTAR RESOOURCES INC COM 922380100 9,132 111,200 SOLE 111,200
VASTAR RESOURCES INC COM 922380100 246 3000 SH Defined 01 3000
VDI MULTIMEDIA COM 917916108 391 55,900 SOLE 55,900
VEECO INSTRUMENTS INC COM 922417100 2,727 37,233 SOLE 37,233
VENTAS INC COM 92276F100 826 259,200 SOLE 259,200
VERIO INC COM 923433106 7,384 133,200 SOLE 133,200
VERISIGN INC COM 92343E102 5,887 33,391 SOLE 33,391
VERSUS TECHNOLOGIES INC COM 92531P109 938 93,500 SOLE 93,500
VETERINARY CENTERS OF AMER COM 925514101 137 10,000 SOLE 10,000
VIACOM HOLDING CL B COM 925524308 740 10850 SH Sole 10850
VIACOM HOLDING CL B COM 925524309 4368 64059 SH Defined 01 02 6859 57200
VIACOM INC COM 925524100 549 8024 SH Defined 01 8024
VIACOM INC CL B COM 925524308 6,586 96,588 SOLE 96,588
VISKASE COMPANIES INC COM 92831R102 135 56,800 SOLE 56,800
VODAFONE AIRTOUCH PLC SPONSORE COM 92857w100 263 6350 SH Defined 01 6350
VODAFONE GROUP PLC COM 92857T107 5,186 125,160 SOLE 125,160
VOICESTREAM WIRELESS CORP COM 928615103 7,288 62,663 SOLE 62,663
VORNADO REALTY TRUST COM 929042109 695 20000 SH Sole 20000
VORNADO REALTY TRUST COM 929042110 382 11000 SH Defined 01 02 3000 8000
VOYAGER.NET INC COM 92906W101 1,188 148,500 SOLE 148,500
WABTEC CORP (wab) COM 929740108 829 79,875 SOLE 79,875
WALT DISNEY CO HOLDING CO COM 254687106 776 20000 SH Sole 20000
WALT DISNEY CO HOLDING CO COM 254687107 1500 38645 SH Defined 01 02 6000 32645
WARNER CHILCOTT PLC SPON A COM 93445207 223 10,000 SOLE 10,000
WASHINGTON POST CO-CL B COM 939640108 478 1000 SH Sole 1000
WEATHERFORD INTERNATIONAL INC COM 947074100 319 8000 SH Sole 8000
WEATHERFORD INTERNATIONAL INC COM 947074101 2075 52126 SH Defined 01 02 19472 32654
WELLS FARGO & CO-NEW COM 949746101 562 14500 SH Defined 01 14500
WESLEY JESSEN VISIONCARE I COM 951018100 6,423 171,000 SOLE 171,000
WESTELL TECHNOLOGIES INC-C COM 957541105 2,417 161,788 SOLE 161,788
WEYERHAEUSER CO COM 962166104 3,331 77,459 SOLE 77,459
WILLIAMS COMPANIES INC COM 969457100 417 10000 SH Sole 10000
WILLIAMS COMPANIES INC COM 969457101 1263 30300 SH Defined 01 02 5400 24900
WIND RIVER SYSTEMS INC COM 973149107 3,384 89,343 SOLE 89,343
WINSTAR COMMUNICATIONS INC COM 975515107 279 8250 SH Defined 01 02 6450 1800
WM WRIGLEY JR CO COM 982526105 722 9000 SH Defined 02 9000
WRT CREDITORS LIQUIDATING COM 92931K965 0 126,667 SOLE 126,667
WTS IGENE BIOTECHNOLOGY INC COM 451695142 0 131414 SH Defined 01 131414
WYNNS INTERNATIONAL INC COM 983195108 2,995 132,000 SOLE 132,000
XTRA CORP COM 984138107 2,094 53,100 SOLE 53,100
YOUNG & RUBICAM INC COM 987425105 8,978 157,000 SOLE 157,000
ZSFH LLC 0% 7/29/98 COM 98878WAA0 2,842 24,709 SOLE 24,709
ARCH COMMUNICATION GP 10.3 FIXED 039381AB4 1,969 33,100 SOLE 33,100
AUSTRALIAS HLDG PTY SR NT FIXED 05258AAC9 23 30,000 SOLE 30,000
AVIATION SALES SR SUB NT 2 FIXED 053672AC5 580 10,000 SOLE 10,000
BANK OF NEW ENGLAND NOTE 9 FIXED 063840AC6 148 29,550 SOLE 29,550
BARINGS BV - FRN 1/22/01 FIXED LU0001749 2,205 35,000 SOLE 35,000
BUILDERS TRANSPORT 6.5% 5/ FIXED 120084AB4 18 18,220 SOLE 18,220
BUILDERS TRANSPORT 8% 8/15 FIXED 120084AA6 23 22,630 SOLE 22,630
CLARIDGE HOT & CASINO 11.7 FIXED 180476AA1 1,067 21,620 SOLE 21,620
COLOR TILE INC SR NT 10.75 FIXED 196267AD0 145 231,350 SOLE 231,350
COLOR TILE TERM NOTES FIXED NOT AVAIL 317 3,169 SOLE 3,169
CONXUS COMMUNICATIONS SR N FIXED 212876AA4 16 65,000 SOLE 65,000
DISCOVERY ZONE INC SR SECD FIXED 25468BAF4 62 248,150 SOLE 248,150
EINSTEIN/NOAH BAGEL CORP 7 FIXED 282577AC9 377 8,200 SOLE 8,200
FPA MEDICAL MGMT 6.5% 12/1 FIXED 302543AD5 184 367,600 SOLE 367,600
GLOBALSTAR LP CAP CP 11.37 FIXED 379363AC0 606 20,900 SOLE 20,900
GLOBALSTAR LP SR NT 11/1/2 FIXED 379363AP9 421 14,500 SOLE 14,500
GLOBALSTAR LP SR NT 6/1/20 FIXED 379363AR5 595 20,500 SOLE 20,500
GNI GROUP INC SR NTS 10.87 FIXED 372289108 808 95,000 SOLE 95,000
IN-FLIGHT PHONE CORP 14% 5 FIXED 45322KAC5 605 60,500 SOLE 60,500
IONICA PLC SR DISC NTS 5/1 FIXED 462213AK5 12 11,500 SOLE 11,500
IRIDIUM CORP SR NT SERC 7/ FIXED 462691AA4 47 11,100 SOLE 11,100
IRIDIUM LLC/CAP SR NOTE 14 FIXED 46268KAK1 43 10,000 SOLE 10,000
IRIDIUM LLC/CAPITAL SR NT FIXED 46268KAJ4 43 10,000 SOLE 10,000
JAZZ CASINO SR CONTING NT FIXED 472143AB2 130 13,039 SOLE 13,039
JUST FOR FEET SR SUB NTS 1 FIXED 48213PAC0 273 115,000 SOLE 115,000
LEVITZ FURN CORP SR NT 13. FIXED 527480AJ6 1,218 21,370 SOLE 21,370
LOMAS FINCL CORP NEW 9% 10 FIXED 5415359A0 28 27,500 SOLE 27,500
LOUISIANA ST AG FIN AUTH 8 FIXED 546418AB0 0 15,000 SOLE 15,000
MARINER POST ACUTE NETWORK FIXED 568459AB7 59 59,000 SOLE 59,000
MASS ST INDL FIN AGY 8/1/1 FIXED 575857AZO 65 32,650 SOLE 32,650
MOBIL ENERGY SVC CO 8.665% FIXED 607358AA6 300 15,000 SOLE 15,000
NORTH AMERICAN VACCINE 6.5 FIXED 657201AA7 3,138 31,700 SOLE 31,700
NORTHWESTERN STEEL & WIRE FIXED 668367AD7 332 8,100 SOLE 8,100
PAGING NETWORK SR NOTE 10% FIXED 695542AG5 923 22,500 SOLE 22,500
PAGING NETWORK SR SUB NT 8 FIXED 695842AC4 410 10,000 SOLE 10,000
PATHMARK STORES SR NT 5/03 FIXED 70321BAB6 2,260 32,290 SOLE 32,290
PATHMARK STORES SUB NT 6/1 FIXED 70321BAA8 738 25,000 SOLE 25,000
READ RITE CORP CV SUB NT 1 FIXED 755246AB1 1,100 20,000 SOLE 20,000
RITE AID CORP 6.50% 10/01/ FIXED 767754AM6 640 10,000 SOLE 10,000
RITE AID CORP NOTE 144A 6% FIXED 143093102 2,453 45,000 SOLE 45,000
SAFELITE GLASS SR NT B 9.8 FIXED 786450ACO 303 186,640 SOLE 186,640
SAFELITE GLASS SR NT D 12/ FIXED 786450AF3 65 40,000 SOLE 40,000
SAFETY KLEEN CORP NEW SR N FIXED 78648RAB0 188 37,500 SOLE 37,500
SELLCO CORP 12% 12/15/04 ( FIXED 81641KAA8 24 97,105 SOLE 97,105
SEMI TECH CORP SR DISC NT FIXED 81662EAA6 22 27,730 SOLE 27,730
SFAC NEW HLDGS 0% 6/15/09 FIXED 78411NAA6 124 27,586 SOLE 27,586
SFAC NEW HLDGS 100MTHS 13% FIXED HJE11NAB8 0 30,900 SOLE 30,900
SHONEY'S INC CONV SUB DEB FIXED 825039AC4 460 20,000 SOLE 20,000
SMARTALK CONV SUB NT 9/15/ FIXED 83169AAC4 1,118 22,350 SOLE 22,350
SOURCE MEDIA SR NTS 11/1/0 FIXED 836153AC0 505 14,850 SOLE 14,850
SOUTHEAST BK CORP 10.5% 4/ FIXED 841338AD8 220 20,000 SOLE 20,000
TRANS WORLD AIRLINE 8% 11/ FIXED 893349AV2 0 10,000 SOLE 10,000
TV FILME SR NT 12.875 DUE FIXED 873071AC8 1,008 24,000 SOLE 24,000
USN COMM SR NTS SER B 8/15 FIXED 90336NAC9 5,035 479,510 SOLE 479,510
WRT ENERGY CORP 13.875% 3/ FIXED 92931KAB2 0 15,000 SOLE 15,000
GLOBALSTAR JAN 20 PUT PUT 3789539M7 429 35,000 SOLE 35,000
GLOBALSTAR T SEPT 20 PUT PUT G3930H9I7 604 52,500 SOLE 52,500
HEALTHEON CO JULY 75 PUT PUT 4222099S7 903 15,000 SOLE 15,000
POLICY MANAGEMENT AUG 10 P PUT 7311089T5 0.75 12,000 SOLE 12,000
PSINET INC JULY 75 PUT PUT 74437C9G8 249 5,000 SOLE 5,000
QWEST COMMUN JULY 60 PUT PUT 7491219S0 1,764 170,000 SOLE 170,000
QWEST COMMUNICATION OCT 40 PUT 7491219V3088 36 20,000 SOLE 20,000
QWEST COMMUNICATION OCT 45 PUT 7491219V3098 34 10,000 SOLE 10,000
QWEST COMMUNICATIONS JUL 50 PUT 7491219s0108 69 25,000 SOLE 25,000
READ RITE JUL 10 PUT PUT 7552469S6 584 75,000 SOLE 75,000
RUSSELL 2000 CBOE JUL 460 PUT 1248359S0 102 49,500 SOLE 49,500
SOURCE MEDIA JUL 20 PUT PUT 8361539S7 809 50,000 SOLE 50,000
TERRA NETWORKS SEP 120 PUT PUT 88100W9U9 2,720 32,000 SOLE 32,000
TERRA NETWORKS SEP 45 PUT PUT 88100W9U9 1,404 108,000 SOLE 108,000
REPORT SUMMARY 776 DATA RECORDS 1,299,846 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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