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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 ______________________
If amended report check here: |_| Amendment Number: ___
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Loeb Arbitrage Management Inc.
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Name of Institutional Investment Manager
61 Broadway New York N.Y. 10006
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Business Address (Street) (City) (State) (Zip)
13F File Number: 28-___________
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, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Edward Campbell Vice President 212 483-7078
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Name (Title) (Phone)
/s/ Edward Campbell
----------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
----------------------------------------
(Place and Date of Signing)
Report Type:
[x] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
Name:
======= ====================== ======================= ======================
1. Loeb Partners Corp.
======= ====================== ======================= ======================
2. Loeb Partners Management Inc.
======= ====================== ======================= ======================
3. 8.
======= ====================== ======================= ======================
4. 9.
======= ====================== ======================= ======================
5. 10.
======= ====================== ======================= ======================
<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> <C> <C>
DELHAIZE AME OCT 17.5 CALL CALL NOT AVAIL 8 200 SOLE 200
KEEBLER FOOD OCT 45 CALL CALL 4872569J009 16 250 SOLE 250
KEELBLER FOOD OCT 50 CALL CALL 4872569J010 8 600 SOLE 600
MATTSON TECH OCT 50 CALL CALL 5772239J110 0.938 150 SOLE 150
TELETECH HLD OCT 30 CBOE C CALL 8799399J7 55 276 SOLE 276
24 / 7 MEDIA INC COM 901314104 696 69,135 SOLE 69,135
4FRONT TECHNOLOGIES INC COM 351042106 1,897 104,300 SOLE 104,300
ABLE TELECOM HOLDING CORP COM 003712304 381 121,900 SOLE 121,900
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 715 85,000 SOLE 85,000
ACUSON CORP COM 005113105 1,206 53,000 SOLE 53,000
ADC TELECOMMUNICATIONS INC COM 000886101 3,641 136,420 SOLE 136,420
ADELPHIA COMMUNICATIONS CORP C COM 006848105 917 19553 SH Defined 01 19553
ADVANCED MAGNETICS INC COM 00753P103 647 172,400 SOLE 172,400
ADVEST GROUP INC COM 007566102 4,782 150,900 SOLE 150,900
AEROSPACE CREDITORS LIQD T COM 008017105 0 80,000 SOLE 80,000
AFLAC INC COM 001055102 918 19994 SH Defined 01 19994
AGL RESOURCES INC COM 001204106 159 10000 SH Sole 10000
AGRIBRANDS INTL INC COM 00849R105 2,661 61,000 SOLE 61,000
AGRITOPE INC DEL COM 00855D10700 872 90,600 SOLE 90,600
AHT CORP COM 00130R103 0 27,900 SOLE 27,900
AIRPORT SYSTEMS INTL INC ( COM 00949N103 85 42,300 SOLE 42,300
AKAMAI TECHNOLOGIES INC COM 00971T101 1,727 32,903 SOLE 32,903
ALCATEL ALSTHOM SPONS ADR COM 013904305 4,635 73,725 SOLE 73,725
ALCIDE CORP NEW COM 013742507 432 24694 SH Defined 01 02 200 24494
ALCOA INC (aa) COM 013817101 823 32,524 SOLE 32,524
ALLIED GROUP INC COM 38821g101 1303 52126 SH Defined 01 02 19472 32654
ALLTEL CORP COM 020039103 409 6599 SH Defined 01 02 4000 2599
ALTON WEBSYSTEMS INC COM 02145A10900 3,696 34,100 SOLE 34,100
AMCOL INTERNATIONAL CORP ( COM 02341W103 277 56,720 SOLE 56,720
AMERICA ONLINE INC-DEL COM 02364j104 876 16610 SH Defined 01 16610
AMERICAN BLIND COM NOT AVAIL 352 35,200 SOLE 35,200
AMERICAN COMMUNICATIONS & COM 025201104 0 20000 SH Defined 01 20000
AMERICAN ELECTRIC POWER CO COM 025537101 4,297 109,826 SOLE 109,826
AMERICAN EXPRESS COMPANY COM 025816109 211 4050 SH Defined 01 900 3150
AMERICAN INDEMINITY CORP E COM 026759993 17 17,300 SOLE 17,300
AMERICAN INTERNATIONAL GRO COM 026874107 0 378,826 SOLE 378,826
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 PACIFIC CORP COM 028740108 513 83,400 SOLE 83,400
AMFM INC COM 001693100 400 5800 SH Defined 01 02 4000 1800
AMGEN INC W/RTS TO PUR COM STK COM 031162100 882 12560 SH Defined 01 02 11760 800
ANACOMP INC COM 032371106 28 63,700 SOLE 63,700
ANADARKO PETE COM NOT AVAIL 9,586 144,230 SOLE 144,230
ANADARKO PETROLEUM CORP COM 032511107 740 15000 SH Sole 15000
ANADARKO PETROLEUM CORP COM 032511107 49 1000 SH Defined 01 1000
ANESTA CORP COM 03460310000 1,935 84,600 SOLE 84,600
AON CORP COM 037389103 311 10000 SH Sole 10000
APPLIED DIGITAL SOLUTIONS COM 038188108 1,428 380,914 SOLE 380,914
APPLIED MATERIALS INC COM 038222105 860 9488 SH Defined 01 02 7288 2200
AQUILA BIOPHARMACEUTICALS COM 03839F10700 238 56,800 SOLE 56,800
ARCH WIRELESS INC COM 03939210500 2,410 478,938 SOLE 478,938
ARCH WIRELESS INC WTS COM 03939211300 45 75,000 SOLE 75,000
ARLEN CORP COM 041327107 0 10500 SH Defined 01 10500
ARROW MAGNOLIA INTL INC COM 042768101 259 65,300 SOLE 65,300
ASHANTI GOLDFIELDS CO LTD COM 043743202 77 30,000 SOLE 30,000
ASHTON MINING LTD ORD COM Q0563210600 22 20,000 SOLE 20,000
ASSOCIATES FIRST CAPITAL C COM 046008207 0 205,000 SOLE 205,000
ASSOCIATES FIRST CAPITAL C COM 046008108 5,723 150,600 SOLE 150,600
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 322 11,110 SOLE 11,110
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 161 83,000 SOLE 83,000
ATLANTIC FINANCIAL CROP COM 04853R1000 602 32,300 SOLE 32,300
ATLAS STEELS INC DEFERRED COM NONE 0 20,808 SOLE 20,808
ATPLAN INC COM 04962Q10000 1,007 115,100 SOLE 115,100
AVALONBAY COMMUNITIES INC COM 053484101 305 7300 SH Defined 01 7300
AVANT IMMUNOTHER INC WTS ( COM 053491114 75 15,509 SOLE 15,509
AVIS GROUP HOLDINGS INC CL COM 05379010100 5,333 180,000 SOLE 180,000
AVNET INC COM 053807103 2,429 85,608 SOLE 85,608
AVOCENT CORP COM 053893103 2,480 45,505 SOLE 45,505
AXA FINL INC COM 00245110200 4,839 95,000 SOLE 95,000
AXA FINL INC COM 002451102 537 15800 SH Defined 01 02 5000 10800
AXENT TECHNOLOGIES INC COM 05459C108 2,997 139,000 SOLE 139,000
B T FINANCIAL CORP COM NOT AVAIL 673 36,400 SOLE 36,400
BACOU USA INC COM 056439102 560 21,600 SOLE 21,600
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 44 38,900 SOLE 38,900
BANCO SANTANDER CENTRAL HI COM 05964H105 2,371 216,802 SOLE 216,802
BANCORPSOUTH INC COM 059692103 348 24,233 SOLE 24,233
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 UNITED CORP CL A COM 065412108 1,146 22,600 SOLE 22,600
BARNETT INC COM 068062108 1,019 78,000 SOLE 78,000
BATTLE MOUNTAIN GOLD CO COM 071593107 464 265,000 SOLE 265,000
BAXTER INTL INC CNT PMT RT COM 071813125 14 180,931 SOLE 180,931
BCE INC COM 05534B109 1,239 53,000 SOLE 53,000
BEAUTICONTROL COSMETICS IN COM 074655101 157 22,700 SOLE 22,700
BECTON DICKINSON & CO COM 075887109 379 13200 SH Defined 01 02 12800 400
BERINGER WINE ESTATES HLDG COM 08410210200 6,973 125,500 SOLE 125,500
BESTFOODS INC COM 08658U101 20,370 280,000 SOLE 280,000
BF REALTY HOLDINGS LTD COM 05540l109 0 32000 SH Defined 01 32000
BI INC NEW COM 055467203 188 23,200 SOLE 23,200
BJ SERVICES CO COM 055482103 312 5000 SH Sole 5000
BKF CAP GROUP INC COM 05548g102 524 33000 SH Sole 33000
BORDEN CHEMICALS & PLASTIC COM 099541203 83 47,500 SOLE 47,500
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
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 1,905 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
BUFFETS INC COM 119882108 456 33,300 SOLE 33,300
BURLINGTON RESOURCES INC COM 122014103 285 7456 SH Defined 01 02 4586 2870
BUSH BOAKE ALLEN INC COM 123162109 4,303 90,000 SOLE 90,000
C2 INC COM 126948108 979 108,810 SOLE 108,810
CABRE EXPLORATION LTD COM 126906106 104 10,100 SOLE 10,100
CALICO COMMERCE INC COM 12989710400 151 24,806 SOLE 24,806
CAMBRIDGE NEUROSCIENCE INC COM 132426107 98 60,000 SOLE 60,000
CAREMARK RX INC COM 141705103 68 10000 SH Sole 10000
CARLYLE INDUSTRIES INC COM 143093102 24 76,137 SOLE 76,137
CARTER WALLACE INC COM 146285101 733 30,000 SOLE 30,000
CASCADE CORP COM 147195101 233 15,000 SOLE 15,000
CATALYTICA INC COM 148885106 619 50,000 SOLE 50,000
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 353 15,600 SOLE 15,600
CCC INFORMATION SERVICES GROUP COM 12487q109 149 14000 SH Sole 14000
CCC INFORMATION SERVICES GROUP COM 12487q109 1108 104264 SH Defined 01 800 103464
CENTRAL BANKING SYSTEMS IN COM 152609103 0 206,296 SOLE 206,296
CENTRAL REALTY INVESTORS INC COM 155052103 0 13000 SH Defined 01 13000
CEREUS TECHNOLOGY PARTNERS COM 15677Q102 128 15,500 SOLE 15,500
CERNER CORP COM 156782104 1,473 31,725 SOLE 31,725
CFM TECHNOLOGIES INC COM 12525K106 717 98,000 SOLE 98,000
CHADMOORE WIRELESS GROUP I COM 15725910200 233 401,000 SOLE 401,000
CHAMPS ENTERTAINMENT INC COM 158787101 482 101,400 SOLE 101,400
CHARTER FEDERAL SAVINGS BA COM 161223987 6 92,230 SOLE 92,230
CHASE MANHATTAN CORP NEW COM 16161a108 562 12207 SH Defined 01 02 1959 10248
CHAUVCO RESOURCES INTL LTD COM G19472102 0 112,928 SOLE 112,928
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
CHRIS CRAFT INDUSTRIES COM 170520100 13,773 167,200 SOLE 167,200
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 8,412 152,262 SOLE 152,262
CISCO SYSTEMS INC COM 17275r102 2540 39968 SH Defined 01 02 5800 34168
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 364062.958 SH Defined 01 02 102234 261829
CITY NATIONAL CORP COM 178566105 1,217 31,508 SOLE 31,508
CLARENT CORP COM 180461105 3,064 77,951 SOLE 77,951
CLEAR CHANNEL COMMUNICATIO COM 184502102 6,505 115,129 SOLE 115,129
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 600 8000 SH Sole 8000
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 135 1800 SH Defined 01 1800
CLEARNET COMM INC CL A COM 184902104 3,860 87,100 SOLE 87,100
CLEARWORKS NET INC COM 185395100 292 83,300 SOLE 83,300
CLOROX CO COM 189054109 771 17200 SH Defined 01 02 6300 10900
CMGI INC COM 125750109 565 20,212 SOLE 20,212
CNA SURETY CORPN (sur) COM 12612L108 1,098 95,500 SOLE 95,500
CNBT BANCSHARES INC COM 125972109 1,355 76,600 SOLE 76,600
COACHMEN INDUSTRIES INC COM 189873102 1,669 159,900 SOLE 159,900
COAST FEDERAL LITIG RTS COM 19034Q110 193 134,300 SOLE 134,300
COASTAL CORP COM 190441105 8,925 120,400 SOLE 120,400
COASTAL CORP COM 190441105 487 8000 SH Sole 8000
COBALT NETWORKS INC COM COM 19074R10100 1,482 25,600 SOLE 25,600
COHOES BANCORP INC COM 192513109 1,210 71,200 SOLE 71,200
COLORADO MEDTECH INC COM 19652U104 2,698 317,400 SOLE 317,400
COLUMBIA ENERGY GROUP (cg) COM 197648108 20,342 286,500 SOLE 286,500
COLUMBIAN NORTHLAND EXPL COM 198675100 0 27300 SH Sole 27300
COLUMBUS ENERGY CORP COM 19906410600 138 18,700 SOLE 18,700
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
COMMERCE ONE INC COM 200693109 5,534 70,496 SOLE 70,496
COMPUTER ASSOCIATES INTL I COM 204912109 844 33,493 SOLE 33,493
COMVERSE TECHNOLOGY INC COM 205862402 1,757 16,264 SOLE 16,264
CONAGRA INC COM 205887102 3,838 191,285 SOLE 191,285
CONSUMERS FINANCIAL CORP COM 210520102 2 25,768 SOLE 25,768
CONVERGYS CORP COM 212485106 441 8500 SH Defined 02 8500
CORNING INC. COM 215350105 1,320 4,445 SOLE 4,445
COSTAR GROUP INC COM 22160N109 1,595 43,111 SOLE 43,111
COUNTRYWIDE CREDIT INDS IN COM 222372104 5,855 155,100 SOLE 155,100
CRAY INC COM 225223106 358 80,000 SOLE 80,000
CRAY INC COM 225223106 670 195000 SH Defined 01 195000
CRITICAL PATH INC COM 22674V100 3,460 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 416 47,500 SOLE 47,500
CROWN CENTRAL PETROLEUM CO COM 228219309 330 36,700 SOLE 36,700
CSF HOLDINGS ESCROW COM 126335991 0 27,350 SOLE 27,350
CYBERONIC INC COM 23251P102 637 29,700 SOLE 29,700
DAIN RAUSCHER CORP COM 23385610300 5,115 55,000 SOLE 55,000
DBL LIQUIDATING TRUST (dbl COM 233038108 0 13,000 SOLE 13,000
DEL WEBB CORP COM 94742310900 1,526 55,000 SOLE 55,000
DELHAIZE AMERICA INC CL A COM 246688105 675 38,707 SOLE 38,707
DELIA'S INC COM 246885107 144 75,400 SOLE 75,400
DELTA & PINE LAND CO COM 247357106 7,365 286,700 SOLE 286,700
DETECTION SYSTEMS INC COM 250644101 130 14,100 SOLE 14,100
DETROIT DEISEL CORP COM NOT AVAIL 3,194 140,000 SOLE 140,000
DEVON ENERGY CORP COM 25179m103 562 10000 SH Sole 10000
DEVON ENERGY CORP COM 25179m103 225 4000 SH Defined 01 4000
DEXTER CORP COM 252165105 14,177 200,100 SOLE 200,100
DIGITAL INSIGHT CORP COM 25385P10600 1,630 45,997 SOLE 45,997
DIME BANKCORP NEW (dme) COM 25429Q102 1,749 81,125 SOLE 81,125
DOMINION RES INC VA NEW (d COM 25746U109 6,441 110,925 SOLE 110,925
DONALDSON LUFKIN & JENRETT COM 257661108 15,938 178,200 SOLE 178,200
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
DURA PHARMACEUTICALS INC COM 26632S109 3,612 102,100 SOLE 102,100
DURA PHARMACEUTICALS INC W COM 26632S12500 1,058 235,065 SOLE 235,065
DYNASTY CLASSICS COM 268127107 0 19,415 SOLE 19,415
DYNEGY INC (HOLDING CO) NE COM 26816Q101 7,533 132,154 SOLE 132,154
E TRADE GROUP INC COM 269246104 2,123 129,133 SOLE 129,133
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 697 76,330 SOLE 76,330
EASTERN ENTERPRISES INC COM 27637F100 13,339 209,041 SOLE 209,041
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
EGAIN COMMUNICATIONS CORP COM 28225C103 297 31,582 SOLE 31,582
EICON TECHNOLOGY CORP COM 28248F10900 31 10,800 SOLE 10,800
EIRCOM PLC COM 28257P105 189 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 47 10,438 SOLE 10,438
EMAIL LTD ORD COM 290769108 50 30,000 SOLE 30,000
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
EMPIRE DIST ELECTRIC CO COM 291641108 1,992 75,900 SOLE 75,900
ENCOMPASS SERVICES CORP COM 29255U104 781 96,083 SOLE 96,083
END OF THE ROAD TRUST CL A COM 292567104 608 450,092 SOLE 450,092
ENERGYNORTH INC COM 292925104 2,955 48,700 SOLE 48,700
ENEX RESOURCES COM 292744208 73 19,363 SOLE 19,363
ENGINEERING ANIMATION INC COM 29287210800 1,099 81,000 SOLE 81,000
EQK REALTY INVESTORS 1 SBI COM 268820107 0 19600 SH Defined 01 19600
EQUANT N V COM 294409107 1,468 40,000 SOLE 40,000
EQUITY OFFICE PROPERTIES T COM 294741103 3,942 126,919 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 1,872 184,844 SOLE 184,844
E-TOWN CORP COM 269242103 1,685 25,200 SOLE 25,200
EWMC INTERNATIONAL INC COM 268937109 4 11,800 SOLE 11,800
EXCEL TECHNOLOGY INC COM 30067t103 252 5000 SH Defined 01 02 4000 1000
EXIDE CORP COM 302051107 91 10,000 SOLE 10,000
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 2,502 106,200 SOLE 106,200
FATBRAIN.COM INC COM 31188910900 592 155,200 SOLE 155,200
FIDELITY NATIONAL FINANCIA COM 316326107 3,530 142,623 SOLE 142,623
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
FIRST BANCORP - TROY NC COM 318910106 218 14,276 SOLE 14,276
FIRST REPUBLIC BANCORP INC COM 336158100 299 14986 SH Defined 01 14986
FIRST SECURITY CORP DEL COM 336294103 312 19,100 SOLE 19,100
FIRSTAR CORP WIS-NEW COM 33763v109 227 10800 SH Defined 01 10800
FISHER SCIENTIFIC INTL INC COM 338032105 881 26,100 SOLE 26,100
FLEXTRONICS INTERNATIONAL COM Y2573F10200 10,017 122,062 SOLE 122,062
FLORIDA PROGRESS CORP COM 341109106 8,136 153,700 SOLE 153,700
FLOWERS INDUSTRIES INC COM 343496105 2,194 112,500 SOLE 112,500
FNB CORP NC COM 302519103 251 22,280 SOLE 22,280
FOAMEX INTERNATIONAL INC COM 344123104 339 56,525 SOLE 56,525
FORCENERGY INC COM NEW COM 345206205 1,609 61,900 SOLE 61,900
FORSOFT LTD COM M4654410800 725 82,900 SOLE 82,900
FORT JAMES CORPORATION COM 347471104 917 30,000 SOLE 30,000
FRESNIUS MED CARE HDLGS PF COM 358030203 0 225,600 SOLE 225,600
FUELCELL ENERGY INC COM 35952h106 207 3000 SH Defined 01 02 2250 750
GATEFIELD CORP NEW COM 367339207 409 85,500 SOLE 85,500
GELTEX PHARMACEUTICALS INC COM 36853810400 1,344 28,700 SOLE 28,700
GEMSTAR TV GUIDE INTL INC COM 36866W106 1,699 19,488 SOLE 19,488
GENERAL ELECTRIC CO COM 369604103 1,685 29,216 SOLE 29,216
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 4,225 65,002 SOLE 65,002
GENERAL MOTORS CL H COM 370442832 13,545 364,317 SOLE 364,317
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
GEORGIA PACIFIC COM 373298108 355 15,100 SOLE 15,100
GEORGIA PACIFIC (TIMBER GR COM 373298702 538 20,000 SOLE 20,000
GETTHERE INC COM 374266104 2,203 125,000 SOLE 125,000
GIBRALTAR STEEL CORP COM 37476F103 368 22,300 SOLE 22,300
GILLETTE CO COM 375766102 347 9944 SH Defined 01 02 4400 5544
GLOBAL CROSSING LTD COM G3921A100 10,938 352,847 SOLE 352,847
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 142 13000 SH Sole 13000
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 86 7900 SH Defined 01 7900
GO2NET INC COM 38348610700 6,896 126,975 SOLE 126,975
GO-AHEAD GROUP ORD 10P COM GB000375377 115 10,700 SOLE 10,700
GOLDEN BOOKS FAMILY ENTERT COM 380804203 137 273,143 SOLE 273,143
GOLDEN STATE BANCORP WTS COM 381197136 225 184,599 SOLE 184,599
GPU INC COM 36225X100 3,893 120,000 SOLE 120,000
GRAND UN CO COM 386532402 2 10,000 SOLE 10,000
GREATER BAY BANCORP COM 391648102 3,784 54,488 SOLE 54,488
GREEN MOUNTAIN POWER CORP COM 393154109 606 80,100 SOLE 80,100
GROVE PROPERTY TRUST COM 399613108 4,392 266,200 SOLE 266,200
GTE CORP COM 362320103 1286 20662 SH Defined 01 02 5762 14900
GUIDANT CORP COM 401698105 4,774 67,533 SOLE 67,533
GULFMARK INTERNATIONAL INC COM 402629109 1024 41780 SH Defined 01 02 7600 34180
GULFPORT ENERGY NEW (gpor) COM 402635304 157 34,967 SOLE 34,967
HAGLER BAILLY INC COM 405183104 233 44,300 SOLE 44,300
HAIN CELESTIAL GROUP INC COM 405217100 3,869 110,943 SOLE 110,943
HALLIBURTON CO COM 406216101 378 8000 SH Defined 01 8000
HARCOURT GENERAL INC COM 41163g103 1,676 28,400 SOLE 28,400
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 809 33,704 SOLE 33,704
HAVAS ADVERTISING SPD ADR COM 41931310100 2,616 176,582 SOLE 176,582
HEALTHPLAN SERVICES CORP COM 421959107 837 155,800 SOLE 155,800
HERCULES INC COM 427056106 428 30,300 SOLE 30,300
HERTZ CORP CL A COM 42804010900 1,588 50,000 SOLE 50,000
HEWLETT PACKARD CO COM 428236103 425 3400 SH Defined 01 02 1600 1800
HIBERNIA CORP-CL A COM 428656102 364 29,755 SOLE 29,755
HIGHLAND BANCORP INC COM 429879109 2,237 87,900 SOLE 87,900
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 1,227 363,700 SOLE 363,700
HOLLY CORP NEW COM 435758305 155 12,500 SOLE 12,500
HOME DEPOT INC COM 437076102 758 15175 SH Defined 01 02 6000 9175
HOME PRODUCTS INTERNATIONA COM 437305105 257 171,298 SOLE 171,298
HOMEFED CORP NEW (hfdc) COM 43739D208 28 47,477 SOLE 47,477
HOMEPLACE AMER INC COM 43739X105 438 152,411 SOLE 152,411
HOMEPLACE OF AMERICA INC COM 43739X105 193 67,269 SOLE 67,269
HONEYWELL COM 438516106 168 5000 SH Sole 5000
HONEYWELL COM 438516106 67 2000 SH Defined 01 2000
HOST MARRIOTT CORP-NEW REIT COM 44107p104 276 29435 SH Defined 01 02 4348 25087
HUDSON RIVER BANCORP INC COM 444128102 148 11,400 SOLE 11,400
HUDSON UNITED BANCORP COM 444165104 2,515 91,039 SOLE 91,039
HUMPHREY HOSPITALITY TR IN COM 445467103 379 48,502 SOLE 48,502
I2 TECHNOLOGIES INC COM 465754102 10,157 54,317 SOLE 54,317
IGENE BIOTECHNOLOGY INC COM 451695100 10 70000 SH Defined 01 70000
ILLINOIS TOOL WORKS COM 452308109 3,573 63,945 SOLE 63,945
IMAGE PROCESSING SYSTEMS I COM 45244F10700 102 71,000 SOLE 71,000
IMAX CORP COM 45245E109 489 29,000 SOLE 29,000
IMS HEALTH INC COM 449934108 1329 73824 SH Defined 01 02 33824 40000
IN HOME HEALTH COM 453222101 113 31,800 SOLE 31,800
INCO LTD CL VBN (VOYSEY BA COM 453258709 387 55,400 SOLE 55,400
INDEPENDENCE COMMUNITY BAN COM 453414104 679 48,530 SOLE 48,530
INFINITY BROADCASTING CORP COM 45662S102 3,795 115,000 SOLE 115,000
INFORMIX CORP COM 456779107 1,652 403,437 SOLE 403,437
INFORMIX CORP COM 456779107 74 10000 SH Sole 10000
INTERLINQ SOFTWARE CORP COM 458753100 218 72,655 SOLE 72,655
INTERMAGNETICS GENERAL CORP COM 458771102 276 14598 SH Defined 01 14598
INTERMEDIA COMMUNICATIONS COM 458801107 2,841 96,500 SOLE 96,500
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
INTERPUBLIC GROUP OF COS I COM 460690100 3,638 106,808 SOLE 106,808
INTERPUBLIC GROUP OF COS INC COM 460690100 417 9696 SH Defined 01 9696
INTUIT INC COM 461202103 2,839 49,799 SOLE 49,799
IPALCO ENTERPRISES INC COM 462613100 860 37,600 SOLE 37,600
IRON MOUNTAIN IN PA (IRM) COM 462846106 5,596 151,230 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
ITSA LTD COM G4984V106 280 112,143 SOLE 112,143
JANNA SYSTEMS INC COM 470916107 6,514 118,000 SOLE 118,000
JDS UNIPHASE CORP COM 46612J101 14,127 149,298 SOLE 149,298
JENNY CRAIG INC COM 224206102 332 182,900 SOLE 182,900
JOHN HANCOCK BANK & THRIFT OPP COM 409735107 340 50800 SH Defined 01 50800
JOHNS MANVILLE CORP NEW COM 478129109 566 50,000 SOLE 50,000
JOHNSON & JOHNSON COM 478160104 815 8000 SH Sole 8000
JOHNSON & JOHNSON COM 478160104 3392 33300 SH Defined 01 02 8400 24900
JP MORGAN COM 616880100 5,718 35,000 SOLE 35,000
JUNO LIGHTING INC (juno) COM 482047206 143 26,301 SOLE 26,301
JUPITER MEDIA METRIX INC COM 48206U10400 1,372 85,773 SOLE 85,773
JWGENESIS FINANCIAL CORP COM 482227105 383 37,800 SOLE 37,800
KANA COMMUNICATIONS INC COM 483600102 1,662 74,886 SOLE 74,886
KDI CORP-CONTINGENT PMT UNIT COM 482452307 0 149500 SH Sole 149500
KEEBLER FOODS CO COM 487256109 18,585 442,500 SOLE 442,500
KINDER MORGAN INC KANS COM 49455p101 415 12000 SH Defined 01 02 10650 1350
KING PHARMACEUTICALS INC ( COM 495582108 4,951 148,073 SOLE 148,073
KLA INSTRUMENTS CORP W/RTS COM 482480100 213 3640 SH Defined 01 02 3240 400
KNIGHT TRADING GROUP INC COM 499063105 590 16,400 SOLE 16,400
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 2,322 122,200 SOLE 122,200
LAZY BOY INC COM 505336107 986 67,719 SOLE 67,719
LEAPNET INC COM 521864108 277 113,735 SOLE 113,735
LENNAR CORP COM 526057104 5,384 181,350 SOLE 181,350
LEVEL 8 SYSTEMS INC COM 52729M102 1,247 68,072 SOLE 68,072
LG&E ENERGY CORP COM 501917108 489 20,000 SOLE 20,000
LIBERTY LIVEWIRE CORP CL A COM 530709104 416 5920 SH Defined 02 5920
LIFE TECHNOLOGIES INC NEW COM 532177201 1,432 21,056 SOLE 21,056
LIFELINE SYSTEMS INC COM 532192101 1,673 109,675 SOLE 109,675
LILLY INDUSTRIES INC CL-A COM 532491107 534 18,100 SOLE 18,100
LOCKHEED MARTIN CORP COM 539830109 3,521 106,815 SOLE 106,815
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
LONDON STOCK EXCHA ORD 5P COM GB000952985 257 6,000 SOLE 6,000
LONE STAR LIQUIDATING TRUS COM 54229R102 1,225 9,802,855 SOLE 9,802,855
LOWRANCE ELECTRONICS INC COM 548900109 205 47,568 SOLE 47,568
LUCENT TECHNOLOGIES INC COM 549463107 700 11818 SH Defined 01 02 5256 6562
LUCENT TECHNOLOGIES INC. COM 549463107 3,606 117,988 SOLE 117,988
LYCOS INC COM 550818108 6,201 90,200 SOLE 90,200
MAIL.COM INC CL A (mail) COM 560311102 504 96,534 SOLE 96,534
MALLINCKRODT INC. NEW COM 561232109 12,091 265,000 SOLE 265,000
MASCOTECH INC COM 574670105 364 22,000 SOLE 22,000
MATLACK SYSTEMS INC COM 576901102 76 61,100 SOLE 61,100
MATTHEWS (BERNARD) ORD 25P COM G0005724 29 13,500 SOLE 13,500
MBOP LIQUIDATING TR COM 55262920600 361 360,857 SOLE 360,857
MCDONALDS CORP COM 580135101 553 16800 SH Defined 01 02 4400 12400
MCI WORLDCOM INC (wcom) COM 55268B106 574 18,900 SOLE 18,900
MCKECHNIE PLC ORD 25P COM G5936011800 63 10,750 SOLE 10,750
McLEOD USA INC COM 582266102 1,315 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 3,024 118,000 SOLE 118,000
MEDIA 100 INC COM 58440W105 1,757 160,638 SOLE 160,638
MEDIAONE GROUP INC COM 58440j104 1298 19480 SH Defined 01 02 6000 13480
MEDIMMUNE INC COM 584699102 5,145 66,600 SOLE 66,600
MEDIWARE INFORMATION SYSTE COM 584946107 324 55,800 SOLE 55,800
MELLON FINL CORP COM 58551a108 364 10000 SH Sole 10000
MELLON FINL CORP COM 58551a108 558 15300 SH Defined 01 02 10000 5300
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 173 64,549 SOLE 64,549
MERRILL LYNCH & CO INC COM 590188108 1,228 18,600 SOLE 18,600
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 258 69,096 SOLE 69,096
MGI PROPERTY (mgi) COM 552885105 353 665,300 SOLE 665,300
MICHAEL FOODS INC NEW COM 594079105 769 32,900 SOLE 32,900
MICRO COMPONENT TECHNOLOGY COM 59479Q100 721 90,868 SOLE 90,868
MICROSOFT CORP COM 594918104 1079 13490 SH Defined 01 02 10100 3390
MIKASA INC COM 59862T109 164 10,000 SOLE 10,000
MILESTONE PROPERTIES INC ( COM 599358108 983 425,404 SOLE 425,404
MILLER BUILDING SYSTEMS IN COM 600404107 1,977 238,700 SOLE 238,700
MINOLTA-QMS INC COM 60431210800 294 50,000 SOLE 50,000
MIPS TECHNOLOGY INC CL B COM 60456720600 1,928 50,078 SOLE 50,078
MMC NETWORKS COM 55308N102 6,328 50,200 SOLE 50,200
MOLECULAR DEVICES CORP COM 60851C107 3,492 35,682 SOLE 35,682
MOTOROLA INC COM 620076109 7,485 264,960 SOLE 264,960
MOTOROLA INC COM 620076109 340 11700 SH Defined 01 11700
MPW INDUSTRIAL SERVICES GR COM 553444100 51 15,000 SOLE 15,000
MULTEX COM INC COM 625367107 512 29,910 SOLE 29,910
MYND CORP COM 628551103 2,072 153,500 SOLE 153,500
MYPOINTS.COM INC COM 62855T102 492 92,604 SOLE 92,604
NABISCO GROUP HOLDINGS COR COM 62952P102 1,485 52,100 SOLE 52,100
NABISCO HOLDINGS CORP-CL A COM 629526104 20,113 374,200 SOLE 374,200
NATIONAL-OILWELL INC COM 637071101 1,556 49,805 SOLE 49,805
NBT BANCORP INC COM 628778102 246 20,464 SOLE 20,464
NELVANA LIMITED COM 64042V107 300 9,700 SOLE 9,700
NESTLE SA-SPONSORED ADR REPSTG COM 641069406 1476 14700 SH Defined 01 02 9700 5000
NETIQ CORP COM 64115P102 2,600 39,578 SOLE 39,578
NEW PLAN EXCEL REALTY TRUST IN COM 648053106 151 11650 SH Defined 01 11650
NEWGEN RESULTS CORP COM 65135910100 2,542 166,000 SOLE 166,000
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 474 261,300 SOLE 261,300
NEXTLINK COMMUNICATIONS IN COM 65333H707 9,506 270,157 SOLE 270,157
NEXTWAVE TELECOM INC SERIE COM NOT AVAIL 500 285,650 SOLE 285,650
NIAGARA MOHAWK HOLDINGS IN COM 65352010600 953 60,500 SOLE 60,500
NOBEL INSURANCE LTD COM 654885102 123 163,612 SOLE 163,612
NOBLE INTERNATIONAL LTD COM 655053106 812 130,500 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
NOGATECH INC COM 65491910900 1,292 152,000 SOLE 152,000
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
NORTEL NETWORK CORP NEW COM 656568102 3,472 58,300 SOLE 58,300
NORTH AMERICAN BANK & TRUST CO COM 656751104 34 10000 SH Defined 01 10000
NORTHEAST BANCORP ESCROW/R COM 664058989 0 153,030 SOLE 153,030
NORTHEAST UTILITIES COM 664397106 1,301 60,000 SOLE 60,000
NORTHROP GRUMMAN CORP COM 666807102 6,822 75,067 SOLE 75,067
NOVARTIS AG-SPONSORED ADR COM 66987v109 520 13000 SH Defined 02 13000
NTL INCORPORATED COM 629407107 2391 39935 SH Defined 01 02 2813 37122
NVEST LP UNITS LTD COM 67065F107 1,398 35,500 SOLE 35,500
NX NETWORKS INC COM 62947810800 1,660 250,522 SOLE 250,522
OAK TECHNOLOGY INC COM 671802106 4,204 153,563 SOLE 153,563
OLD GUARD GROUP INC COM 679783100 1,086 90,517 SOLE 90,517
ONLINETRADINGINC.COM CORP COM 68273D108 364 83,300 SOLE 83,300
ON-POINT TECHNOLOGY SYSTEM COM 682184106 69 138,251 SOLE 138,251
OPENTV CORPORATION COM G67543101 381 11,487 SOLE 11,487
OPHTHALMIC IMAGING SYSTEMS COM 683737209 4 10,000 SOLE 10,000
ORACLE CORP COM 68389x105 210 2500 SH Defined 01 2500
ORTHOFIX INT NV (ofix) COM N6748L102 684 27,763 SOLE 27,763
O'SULLIVAN INDS HLDG SR PF COM 67104Q205 44 85,200 SOLE 85,200
PACIFIC GATEWAY PROPERTIES COM 69433099400 2 54,255 SOLE 54,255
PACIFIC GULF PROPERTIES IN COM 694396102 4,120 154,000 SOLE 154,000
PACIFIC GULF PROPERTIES INC COM 694396102 251 10000 SH Sole 10000
PACIFIC GULF PROPERTIES INC COM 694396102 75 3000 SH Defined 01 3000
PAINE WEBBER GROUP INC COM 695629105 13,823 202,900 SOLE 202,900
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
PARK PLACE ENTERTAINMENT C COM 700690100 333 22,000 SOLE 22,000
PATHMARK STORES INC WTS COM 70322A119 165 62,996 SOLE 62,996
PATHMARK STORES NEW COM 70322A101 2,939 238,735 SOLE 238,735
PEAK INTERNATIONAL LTD COM G69586108 271 34,350 SOLE 34,350
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 29 20,250 SOLE 20,250
PEREGRINE SYSTEMS INC COM 71366Q101 1,246 66,003 SOLE 66,003
PERKINELMER INC COM 714046109 3,895 37,319 SOLE 37,319
PETRIE STORES LIQUIDATING COM 716437108 233 186,075 SOLE 186,075
PETROGLYPH ENERGY INC COM 71649C101 222 84,700 SOLE 84,700
PFIZER COM 717081103 21,867 486,602 SOLE 486,602
PFIZER INC COM 717081103 720 15000 SH Sole 15000
PFIZER INC COM 717081104 2925 60936 SH Defined 01 02 43650 17286
PFSWEB INC COM 717098107 101 49,050 SOLE 49,050
PGA EUROPEAN TOUR COM GB0006660 10 15,000 SOLE 15,000
PHILADELPHIA SUBURBAN CORP COM 718009608 487 21,000 SOLE 21,000
PHILIPS INTERNATIONAL REAL COM 718333107 1,330 77,100 SOLE 77,100
PHOENIX INVESTMENT PARTNER COM 719085102 1,640 105,800 SOLE 105,800
PINNACLE ENTERTAINMENT INC COM 723456109 1,849 85,000 SOLE 85,000
PIONEER GROUP INC COM 723684106 5,560 126,550 SOLE 126,550
PIXTECH INC COM 72583k109 266 137500 SH Defined 01 137500
PMC-SIERRA INC COM 69344F106 460 2,136 SOLE 2,136
POLYONE CORP COM 73179P10600 408 55,850 SOLE 55,850
POWERTEL INC COM 73936C109 2,123 28,100 SOLE 28,100
PREMIER NATIONAL BANCORP I COM 74053F107 3,082 152,200 SOLE 152,200
PREMIERE PAGE INC ESCROW COM 74058E998 36 28,000 SOLE 28,000
PRIME GROUP REALTY TRUST S COM 74158J103 394 25,000 SOLE 25,000
PRIME HOSPITALITY CORP COM 741917108 304 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 79 22,198 SOLE 22,198
PRINTRAK INTERNATIONAL INC COM 74257410600 346 29,000 SOLE 29,000
PROCTER & GAMBLE CO COM 742718109 435 7600 SH Defined 01 02 1600 6000
PRODIGY COMMUNICATION CORP COM 74283P206 410 80,891 SOLE 80,891
PROFESSIONAL STAFF PLC SPD COM 74315R105 1,750 325,600 SOLE 325,600
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
PROVIDENT BANKSHARES CORP COM 743859100 1613 119517 SH Defined 01 02 19295 100222
PRUDENTIAL STEEL LTD COM 74435C103 1,539 109,900 SOLE 109,900
PSC INC COM 69361E107 328 114,100 SOLE 114,100
PSINET INC COM 74437C101 1,038 108,553 SOLE 108,553
PSS WORLD MEDICAL INC COM 69366A100 186 51,400 SOLE 51,400
QCT RESOURCES LTD-ORD COM Q7815210700 9 12,526 SOLE 12,526
QUINTUS CORP COM 748798105 506 59,258 SOLE 59,258
QUIPP INC COM 748802105 628 25,000 SOLE 25,000
QWEST COMMUNICATIONS INTL COM 749121109 846 17,597 SOLE 17,597
R & B FALCON CORP (flc) COM 74912E101 3,345 120,000 SOLE 120,000
R H PHILLIPS INC COM 749573101 838 120,800 SOLE 120,800
RAINFOREST CAFE INC COM 75086K104 1,192 393,400 SOLE 393,400
RALSTON-RALSTON PURINA GRO COM 751277302 1,139 48,100 SOLE 48,100
RAYTECH CORP DEL COM 755103108 856 291,300 SOLE 291,300
RECKSON ASSOC REALTY CORP COM 75621K304 1,101 42,563 SOLE 42,563
REINSURANCE GROUP OF AMERI COM 759351109 671 19,590 SOLE 19,590
RELIANCE GROUP HOLDINGS IN COM 759464100 30 148,000 SOLE 148,000
REPUBLIC GROUP INC COM 760473108 1,613 87,800 SOLE 87,800
REUTERS GROUP PLC SPONSORED AD COM 76132m102 277 2773 SH Defined 02 2773
RIDGEWOOD FINANCIAL INC COM 76623N10600 251 15,000 SOLE 15,000
RIO ALGOM LTD COM 766889109 941 49,650 SOLE 49,650
ROCHE HOLDING LTD SPONSORED AD COM 771195104 3276 33545 SH Defined 01 02 12100 21445
ROCKY MOUNTAIN CHOCOLATE F COM 774678403 105 26,974 SOLE 26,974
ROHN INC COM 775381106 1,738 361,050 SOLE 361,050
ROTONICS MANUFACTURING COM 778903104 181 169,900 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 115 118,500 SOLE 118,500
SAGE INC (sagi) COM 786632109 276 31,297 SOLE 31,297
SANMINA CORP COM 800907107 15,460 165,132 SOLE 165,132
SBC COMMUNICATIONS INC COM 78387g103 432 10000 SH Sole 10000
SBC COMMUNICATIONS INC COM 78387g103 670 15485 SH Defined 01 02 5564 9921
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 1,765 75,900 SOLE 75,900
SDLI INC COM 784076101 6,567 21,200 SOLE 21,200
SEAGATE TECHNOLOGY INC COM 811804103 19,755 286,300 SOLE 286,300
SEAGRAM CO LTD COM 811850106 9,305 162,000 SOLE 162,000
SEAGRAM CO LTD COM 811850106 464 8000 SH Sole 8000
SEAGRAM CO LTD COM 811850107 1145 19750 SH Defined 01 02 9500 10250
SECURITY CAPITAL US REALTY COM 81413P20400 876 41,000 SOLE 41,000
SEMA GROUP PLC ORD 10P COM G80197109 2,772 161,716 SOLE 161,716
SEMCO ENERGY INC COM 78412D109 859 55,900 SOLE 55,900
SHAW INDUSTRIES COM 820286102 1,114 60,200 SOLE 60,200
SIENA HOLDINGS INC COM 826203101 219 184,179 SOLE 184,179
SILICON GRAPHICS COM 827056102 129 31,300 SOLE 31,300
SINGER COMPANY NV (THE) COM 82930F109 5 107,289 SOLE 107,289
SIZZLER INTERNATIONAL INC COM 830139101 220 135,275 SOLE 135,275
SJW CORP COM 784305104 950 8,000 SOLE 8,000
SMALLWORLDWIDE PLC COM 83168P108 1,335 67,400 SOLE 67,400
SOFTWARE.COM INC COM 83402P104 12,049 66,500 SOLE 66,500
SOLOMON PAGE GROUP LTD COM 83427A10800 53 10,500 SOLE 10,500
SOURCE MEDIA INC NEW COM 836153304 124 23,050 SOLE 23,050
SOUTHDOWN INC COM 841297104 4,175 58,600 SOLE 58,600
SOUTHERN PACIFIC PETROLEUM COM 843581307 21 10000 SH Defined 01 10000
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 8,279 395,400 SOLE 395,400
SOUTHWEST SECURITIES GROUP COM 845224104 293 10,000 SOLE 10,000
SOUTHWESTERN LIFE HOLDING COM 945606101 219 17,767 SOLE 17,767
SOVEREIGN BANCORP INC COM 845905108 86 12240 SH Defined 01 1440 10800
SPECTRANETICS CORP COM 84760C107 54 14,778 SOLE 14,778
SPLASH TECHNOLOGY HOLDING COM 848623104 556 60,100 SOLE 60,100
ST JOSEPH LIGHT & POWER CO COM 790654107 966 50,000 SOLE 50,000
STAFF LEASING INC COM 852381102 89 23,450 SOLE 23,450
STAR TELECOMMUNICATIONS IN COM 854923109 674 359,345 SOLE 359,345
STARWOOD HOTELS & RESORTS WORL COM 85590a203 378 11700 SH Defined 01 11700
STATE FINANCIAL SERVICES C COM 856855101 328 35,694 SOLE 35,694
STILLWATER MINING CO COM 86074Q102 541 20,000 SOLE 20,000
STORA ENSO CORP SPD ADR RE COM X8662D11500 593 71,933 SOLE 71,933
STRAWBRIDGE & CLOTHIER ESC COM 863200986 2 181,668 SOLE 181,668
STRAYER EDUCATION INC COM 863236105 481 22,500 SOLE 22,500
STUDENT LOAN CORP COM 863902102 1,572 32,200 SOLE 32,200
SUMMIT BANCORP NEW COM 866005101 6,655 192,911 SOLE 192,911
SUNBEAM CORP WTS 8/23/03 ( COM 867071128 12 65,263 SOLE 65,263
SUPERMARKETS GENERAL $3.52 COM 868446204 4 32,858 SOLE 32,858
SWISS HELVETIA FUND INC COM 870875101 639 43324 SH Defined 01 02 6006 37318
SYBRON CHEMICALS INC COM 870903101 4,097 118,100 SOLE 118,100
TECH SYM COPR COM 878308105 3,063 102,100 SOLE 102,100
TEFRON LTD-ORD COM M87482101 200 17,000 SOLE 17,000
TELEFONICA SA ORD COM 879382208 10,634 178,905 SOLE 178,905
TELEPHONE & DATA SYSTEMS INC COM 879433100 6421 64050 SH Defined 01 02 16600 47450
TELESCAN INC COM 879516102 143 57,100 SOLE 57,100
TELOS CORP 12% PFD COM 87969B200 53 14,607 SOLE 14,607
TEXACO INC COM 881694103 1,580 30,100 SOLE 30,100
THEGLOBE.COM INC COM 88335r101 17 10000 SH Sole 10000
THERMO CARDIOSYSTEMS INC COM 88355K200 3,880 440,300 SOLE 440,300
TIME WARNER INC (HOLDING C COM 887315109 8,428 107,700 SOLE 107,700
TIME WARNER INC (HOLDING CO) COM 887315109 2602 34240 SH Defined 01 02 29240 5000
TITAN CORP COM 888266103 1,708 103,519 SOLE 103,519
TLC BEATRICE COM NOT AVAIL 45 15,000 SOLE 15,000
TMP WOLDWIDE INC COM 872941109 2,197 27,466 SOLE 27,466
TODAYS MAN INC (tman) COM 888910106 12 69,252 SOLE 69,252
TOTAL CONTAINMENT INC. COM 89149T101 61 53,910 SOLE 53,910
TPI ENTERPRISES COM 872623103 0 534,249 SOLE 534,249
TRIARC COMPANIES INC CL A COM 895927101 369 15,000 SOLE 15,000
TRITEL INC CL A COM 89675X104 1,126 78,650 SOLE 78,650
TRIZEC HAHN CORP-SUB VTG COM 896938107 179 10000 SH Sole 10000
TUMBLEWEED COMMUNICATIONS COM 89969010100 2,808 54,857 SOLE 54,857
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 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 CARBIDE COM 905581104 5,006 132,600 SOLE 132,600
UNION PACIFIC RESOURCES COM 907834105 220 10000 SH Sole 10000
UNION PACIFIC RESOURCES COM 907834106 73 3338 SH Defined 01 3338
UNITED DOMINION INDUST LTD COM 90991410300 3,752 158,400 SOLE 158,400
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
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 102 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
URBAN SHOPPING CENTERS INC COM 91706010500 4,845 102,000 SOLE 102,000
US CAN CORP (usc) COM 90328W105 396 20,000 SOLE 20,000
US FRANCHISE SYSTEMS INC C COM 902956309 919 189,700 SOLE 189,700
USA NETWORKS INC COM 902984103 2,083 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 453 34,048 SOLE 34,048
VARIAN MEDICAL SYSTEMS INC COM 92220p105 634 16200 SH Defined 01 16200
VASTAR RESOURCES INC COM 922380100 246 3000 SH Defined 01 3000
VDI MULTIMEDIA COM 917916108 251 46,400 SOLE 46,400
VEECO INSTRUMENTS INC COM 922417100 3,956 37,233 SOLE 37,233
VENTAS INC COM 92276F100 1,098 219,600 SOLE 219,600
VERISIGN INC COM 92343E102 6,764 33,391 SOLE 33,391
VERIZON COMMUNICATIONS INC COM 92343V014 2,224 45,905 SOLE 45,905
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 4,937 84,393 SOLE 84,393
VIDEO SERVICES CORP COM 92656U10700 864 191,900 SOLE 191,900
VIDEOTRON GROUP LTD SUB VT COM 92558H105 371 12,500 SOLE 12,500
VISKASE COMPANIES INC COM 92831R102 91 56,800 SOLE 56,800
VODAFONE AIRTOUCH PLC SPONSORE COM 92857w100 263 6350 SH Defined 01 6350
VODAFONE GROUP PLC COM 92857T107 4,631 125,160 SOLE 125,160
VOICESTREAM WIRELESS CORP COM 928615103 10,020 86,335 SOLE 86,335
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 1,148 190,300 SOLE 190,300
WADDELL & REED FINCNCIAL C COM 930059100 3,410 110,000 SOLE 110,000
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 312 10,000 SOLE 10,000
WASHINGTON HOMES INC NEW COM 938864105 800 82,000 SOLE 82,000
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
WEBMD CORP COM 94769M10500 1,339 88,133 SOLE 88,133
WELLS FARGO & CO-NEW COM 949746101 562 14500 SH Defined 01 14500
WESLEY JESSEN VISIONCARE I COM 951018100 6,957 181,000 SOLE 181,000
WESTELL TECHNOLOGIES INC-C COM 957541105 2,073 161,788 SOLE 161,788
WESTERN PPTYS TR COM 959261108 978 79,400 SOLE 79,400
WILLIAMS COMPANIES INC COM 969457100 417 10000 SH Sole 10000
WILLIAMS COMPANIES INC COM 969457101 1263 30300 SH Defined 01 02 5400 24900
WINSTAR COMMUNICATIONS INC COM 975515107 279 8250 SH Defined 01 02 6450 1800
WLR FOODS INC COM 929286102 814 60,000 SOLE 60,000
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
WYANT CORP COM 98285510800 43 10,800 SOLE 10,800
XTRA CORP COM 984138107 2,360 53,100 SOLE 53,100
YOUNG & RUBICAM INC COM 987425105 8,069 163,000 SOLE 163,000
ZIFF DAVIS INC ZDNET COM 989511209 1,021 72,600 SOLE 72,600
ZIFF-DAVIS INC COM 989511100 323 39,800 SOLE 39,800
ZSFH LLC 0% 7/29/98 COM 98878WAA0 2,842 24,709 SOLE 24,709
AAMES FINCL CP SR NTS 9.12 FIXED 00253AAD3 485 95 SOLE 10
ARCH COMMUNICATION GP 10.3 FIXED 039381AB4 1,741 329 SOLE 33
AUSTRALIAS HLDG PTY SR NT FIXED 05258AAC9 23 300 SOLE 30
AVIATION SALES SR SUB NT 2 FIXED 053672AC5 650 100 SOLE 10
BANK OF NEW ENGLAND NOTE 9 FIXED 063840AC6 148 296 SOLE 30
BARINGS BV - FRN 1/22/01 FIXED LU0001749 2,345 350 SOLE 35
BUILDERS TRANSPORT 6.5% 5/ FIXED 120084AB4 18 182 SOLE 18
BUILDERS TRANSPORT 8% 8/15 FIXED 120084AA6 23 226 SOLE 23
CLARIDGE HOT & CASINO 11.7 FIXED 180476AA1 1,470 216 SOLE 22
CLEAN HABRORS SR NTS 12.5% FIXED 184496AA5 220 29 SOLE 3
COLOR TILE INC SR NT 10.75 FIXED 196267AD0 151 2,329 SOLE 233
COLOR TILE TERM NOTES FIXED NOT AVAIL 317 32 SOLE 3
CONXUS COMMUNICATIONS SR N FIXED 212876AA4 0 650 SOLE 65
DISCOVERY ZONE INC SR SECD FIXED 25468BAF4 62 2,482 SOLE 248
EINSTEIN/NOAH BAGEL CORP 7 FIXED 282577AC9 312 52 SOLE 5
FPA MEDICAL MGMT 6.5% 12/1 FIXED 302543AD5 184 3,676 SOLE 368
GLOBALSTAR LP CAP CP 11.37 FIXED 379363AC0 669 209 SOLE 21
GLOBALSTAR LP SR NT 11/1/2 FIXED 379363AP9 608 190 SOLE 19
GLOBALSTAR LP SR NT 6/1/20 FIXED 379363AR5 976 305 SOLE 31
GNI GROUP INC SR NTS 10.87 FIXED 372289108 670 670 SOLE 67
GULF STATES STL INC ALA 4/ FIXED 402548AC502 164 1,458 SOLE 146
HARNISCHFEGER INDS 2/15/27 FIXED 413345AF6 300 100 SOLE 10
HMT TECHNOLOGY SUB NT CV 1 FIXED 403917AD9 385 100 SOLE 10
ICG HOLDING SR DIST 9/15/0 FIXED 449247AA306 334 145 SOLE 15
ICG HOLDINGS SR NT 3/15/07 FIXED 449247AE506 190 100 SOLE 10
IN-FLIGHT PHONE CORP 14% 5 FIXED 45322KAC5 514 605 SOLE 61
IONICA PLC SR DISC NTS 5/1 FIXED 462213AK5 12 115 SOLE 12
IRIDIUM CORP SR NT SERC 7/ FIXED 462691AA4 42 111 SOLE 11
IRIDIUM LLC/CAP SR NOTE 14 FIXED 46268KAK1 38 100 SOLE 10
IRIDIUM LLC/CAPITAL SR NT FIXED 46268KAJ4 40 107 SOLE 11
ITSA LTD SR NT FIXED 4500637AA1 450 60 SOLE 6
JAZZ CASINO SR CONTING NT FIXED 472143AB2 130 130 SOLE 13
JUST FOR FEET SR SUB NTS 1 FIXED 48213PAC0 273 1,150 SOLE 115
LEVITZ FURN CORP SR NT 13. FIXED 527480AJ6 1,455 364 SOLE 36
LOMAS FINCL CORP NEW 9% 10 FIXED 5415359A0 28 275 SOLE 28
LOUISIANA ST AG FIN AUTH 8 FIXED 546418AB0 0 150 SOLE 15
MARINER POST ACUTE NETWORK FIXED 568459AB7 59 590 SOLE 59
MASS ST INDL FIN AGY 8/1/1 FIXED 575857AZO 65 327 SOLE 33
MOBIL ENERGY SVC CO 8.665% FIXED 607358AA6 225 150 SOLE 15
NORTHWESTERN STEEL & WIRE FIXED 668367AD7 324 81 SOLE 8
OWENS CORNING NOTES 7% 3/1 FIXED NOT AVAIL 350 100 SOLE 10
PAGING NETWORK SR NOTE 10% FIXED 695542AG5 788 225 SOLE 23
PAGING NETWORK SR SUB NT 8 FIXED 695842AC4 350 100 SOLE 10
READ RITE CORP CV SUB NT 1 FIXED 755246AB1 1,540 70 SOLE 7
RITE AID CORP 6.50% 10/01/ FIXED 767754AM6 430 100 SOLE 10
RITE AID CORP NOTE 144A 6% FIXED 143093102 1,620 450 SOLE 45
SAFELITE GLASS SR NT B 9.8 FIXED 786450ACO 304 1,871 SOLE 187
SAFELITE GLASS SR NT D 12/ FIXED 786450AF3 119 731 SOLE 73
SAFETY KLEEN CORP NEW SR N FIXED 78648RAB0 150 375 SOLE 38
SELLCO CORP 12% 12/15/04 ( FIXED 81641KAA8 24 971 SOLE 97
SEMI TECH CORP SR DISC NT FIXED 81662EAA6 28 277 SOLE 28
SFAC NEW HLDGS 0% 6/15/09 FIXED 78411NAA6 230 576 SOLE 58
SFC NEW HLDGS SR SUB NT 8/ FIXED 784123AF806 360 100 SOLE 10
SOUTHEAST BK CORP 10.5% 4/ FIXED 841338AD8 220 200 SOLE 20
USN COMM SR NTS SER B 8/15 FIXED 90336NAC9 5,035 4,795 SOLE 480
WRT ENERGY CORP 13.875% 3/ FIXED 92931KAB2 0 150 SOLE 15
GLOBALSTAR JAN 20 PUT PUT 3789539M7 416 350 SOLE 350
INVITROGEN NOV 80 PUT PUT 46185R9W216 1,431 1,050 SOLE 1,050
QWEST COMMUNICATION OCT 40 PUT 7491219V3 1 200 SOLE 200
QWEST COMMUNICATION OCT 45 PUT 7491219V3 8 100 SOLE 100
RUSSELL 2000 OCT 540 CBOE PUT 60599W9V4 992 405 SOLE 405
TYCO INTERNATIONAL OCT 55 PUT 9021249V011 213 500 SOLE 500
REPORT TOTALS 1,214,286
</TABLE>
