----------------------------
OMB APPROVAL
----------------------------
OMB Number:
Expires:
Estimated average burden
hours per response.....
----------------------------
SEC USE ONLY
----------------------------
----------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended 12/31/99
If amended report check here: |_| Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding
entries.
Loeb Arbitrage Management Inc.
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
61 Broadway New York N.Y. 10006
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
13F File Number: 28-_____________
The intitutional 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 212-483-7078
- --------------------------------------------------------------------------------
Name (Title) (Phone)
/s/ EDWARD CAMPBELL
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
2/7/00 New York, N.Y.
------------------------------------------
(Place and Date of Signing)
Report Type:
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 867
Form 13F Information Table Value Total: $857,040
(thousands)
Confidential information has been omitted.
List of Other Included Managers:
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
13F File No.: Name: 13F File No.: Name:
------------- ------------------------ ------------- ---------------------
1. Loeb Partners Corp. 6.
------------- ------------------------ ------------- ---------------------
2. Loeb Partners Mgmt. Inc. 7.
------------- ------------------------ ------------- ---------------------
3. 8.
------------- ------------------------ ------------- ---------------------
4. 9.
------------- ------------------------ ------------- ---------------------
5. 10.
------------- ------------------------ ------------- ---------------------
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 1999
TITLE SHARES OF VOTING AUTHORITY
NAME OF ISSUER OF CUSIP VALUE PRINCIPAL SH/ PUT/ INVSTMT OTHER ------------------------
CLASS NUMBER (x$1000) AMOUNT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
KEYSPAN ENERGY MAY 30 CALL CALL 49337W9E2 1,781 092,000 SOLE 92,000
- --------------------------------------------------------------------------------------------------------------------------------
KEYSPAN ENERGY MAY 35 CALL CALL 49337W9E2 4,990 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
MORGAN ST IN FEB 1880 AMEX CALL 23299W9B9 1,325 7,000 SOLE 7,000
- --------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMAN JAN 60 CAL CALL 6668079A2 2,384 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
RUSSELL 2000 INDX JAN 460 CALL 1248359A9 611 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
RUSSELL 2000 INDX JAN 475 CALL 1248359A9 4,281 17,500 SOLE 17,500
- --------------------------------------------------------------------------------------------------------------------------------
RUSSELL INDX 2000 JAN 455 CALL 1248359A9 254 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
AAVID THERMAL TECHNOLOGIES COM 002539104 0 203,154 SOLE 203,154
- --------------------------------------------------------------------------------------------------------------------------------
ACKERLEY GROUP INC (FORMERLY A COM 004527107 219 12100 SH Sole 12100
- --------------------------------------------------------------------------------------------------------------------------------
ACKERLEY GROUP INC (FORMERLY A COM 004527107 72 4000 SH Defined 01 4000
- --------------------------------------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS IN COM 006847107 240 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
ADELPHIA COMMUNICATIONS CORP C COM 006848105 394 6000 SH Sole 6000
- --------------------------------------------------------------------------------------------------------------------------------
ADELPHIA COMMUNICATIONS CORP C COM 006848105 1447 22053 SH Defined 01 22053
- --------------------------------------------------------------------------------------------------------------------------------
ADFORCE INC COM 006867105 7,196 18,600 SOLE 18,600
- --------------------------------------------------------------------------------------------------------------------------------
ADVANCED COMMUNICATIONS SY COM 00750X109 90 125,900 SOLE 125,900
- --------------------------------------------------------------------------------------------------------------------------------
ADVANCED TECHNICAL PRODUCT COM 007548100 699 44,200 SOLE 44,200
- --------------------------------------------------------------------------------------------------------------------------------
AERIAL COMMUNICATIONS INC COM 007655103 413 70,400 SOLE 70,400
- --------------------------------------------------------------------------------------------------------------------------------
AEROSONIC CORP DEL NEW COM 008015307 163 21,200 SOLE 21,200
- --------------------------------------------------------------------------------------------------------------------------------
AEROSPACE CREDITORS LIQD T COM 008017105 1,487 80,000 SOLE 80,000
- --------------------------------------------------------------------------------------------------------------------------------
AFLAC INC COM 001055102 943 19994 SH Defined 01 19994
- --------------------------------------------------------------------------------------------------------------------------------
AIR EXPRESS INTERNATIONAL COM 009104100 1,043 222,700 SOLE 222,700
- --------------------------------------------------------------------------------------------------------------------------------
AIRPORT SYSTEMS INTL INC ( COM 00949N103 253 42,300 SOLE 42,300
- --------------------------------------------------------------------------------------------------------------------------------
AK STEEL HOLDING CORP COM 001547108 35 37,016 SOLE 37,016
- --------------------------------------------------------------------------------------------------------------------------------
ALCIDE CORP NEW COM 013742507 320 25068 SH Defined 01 02 296 24772
- --------------------------------------------------------------------------------------------------------------------------------
ALIGN-RITE INTL INC COM 016251100 394 19,100 SOLE 19,100
- --------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP COM 020039103 413 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP COM 020039103 587 7099 SH Defined 01 02 4000 3099
- --------------------------------------------------------------------------------------------------------------------------------
AMC FINANCIAL INC COM 001642107 17 46,529 SOLE 46,529
- --------------------------------------------------------------------------------------------------------------------------------
AMCOL INTERNATIONAL CORP ( COM 02341W103 0 92,200 SOLE 92,200
- --------------------------------------------------------------------------------------------------------------------------------
AMERICA SERVICE GROUP INC COM 02364L109 0 71,300 SOLE 71,300
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN BANCSHARES INC FL COM 02408H106 0 22,000 SOLE 22,000
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN BLIND COM NOT AVAIL 0 35,200 SOLE 35,200
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN COMMUNICATIONS & COM 025201104 0 20000 SH Defined 01 20000
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS COMPANY COM 025816109 224 1350 SH Defined 01 300 1050
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS COR COM 026609107 709 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN INDEMINITY CORP E COM 026759993 6,303 17,300 SOLE 17,300
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GRO COM 026874107 2,407 252,551 SOLE 252,551
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GROUP I COM 026874107 4797 44365 SH Defined 01 44365
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GRP RSTD COM 026874107 169 10,978 SOLE 10,978
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN MED ELECTRONICS S COM 027425891 925 124,900 SOLE 124,900
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN MED ELECTRONICS S COM 027425958 910 124,900 SOLE 124,900
- --------------------------------------------------------------------------------------------------------------------------------
AMERICAN PACIFIC CORP COM 028740108 5,535 83,400 SOLE 83,400
- --------------------------------------------------------------------------------------------------------------------------------
AMFM INC COM 001693100 454 5800 SH Defined 01 02 4000 1800
- --------------------------------------------------------------------------------------------------------------------------------
AMFM INC (afm) COM 001693100 3,471 80,551 SOLE 80,551
- --------------------------------------------------------------------------------------------------------------------------------
AMGEN INC W/RTS TO PUR COM STK COM 031162100 754 12560 SH Defined 01 02 11760 800
- --------------------------------------------------------------------------------------------------------------------------------
ANB CORP COM 001926104 936 60,564 SOLE 60,564
- --------------------------------------------------------------------------------------------------------------------------------
ANTHONY & SYLVAN POOLS COR COM 036762102 1,148 24,298 SOLE 24,298
- --------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIALS INC COM 038222105 538 4244 SH Defined 01 02 3644 600
- --------------------------------------------------------------------------------------------------------------------------------
AQUARION CO COM 03838W101 557 25,000 SOLE 25,000
- --------------------------------------------------------------------------------------------------------------------------------
ARCADIA FINANCIAL LTD COM 039101100 4,115 205,000 SOLE 205,000
- --------------------------------------------------------------------------------------------------------------------------------
ARDENT SOFTWARE INC COM 039794102 7,793 90,158 SOLE 90,158
- --------------------------------------------------------------------------------------------------------------------------------
ARLEN CORP COM 041327107 0 10500 SH Defined 01 10500
- --------------------------------------------------------------------------------------------------------------------------------
ASAHI/AMERICA INC COM 04338D106 226 97,698 SOLE 97,698
- --------------------------------------------------------------------------------------------------------------------------------
ASCENT ENTERTAINMENT GROUP COM 043628106 21 91,400 SOLE 91,400
- --------------------------------------------------------------------------------------------------------------------------------
ASECO CORP COM 043659101 5,406 181,900 SOLE 181,900
- --------------------------------------------------------------------------------------------------------------------------------
ASSOCIATED GROUP CL A COM 045651106 53 45,000 SOLE 45,000
- --------------------------------------------------------------------------------------------------------------------------------
ASSOCIATED GROUP CL B COM 045651205 916 85,000 SOLE 85,000
- --------------------------------------------------------------------------------------------------------------------------------
ASSOCIATED GROUP INC-CL B COM 045651205 460 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
ASTROSYSTEMS INC IN LIQD ( COM 046465100 30 82,213 SOLE 82,213
- --------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 507 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 733 14438 SH Defined 01 02 6900 7538
- --------------------------------------------------------------------------------------------------------------------------------
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 1135 20000 SH Sole 20000
- --------------------------------------------------------------------------------------------------------------------------------
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 15604 274968 SH Defined 01 02 38032 2E+05
- --------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO COM 048825103 2,815 62,500 SOLE 62,500
- --------------------------------------------------------------------------------------------------------------------------------
ATLAS STEELS INC UTS 100 B COM NOT AVAIL 0 20,808 SOLE 20,808
- --------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP COM 049513104 296 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
AURORA BIOSCIENCES CORP COM 051920106 1248 47100 SH Defined 01 47100
- --------------------------------------------------------------------------------------------------------------------------------
AUTOCAM CORP COM 052907102 1,762 155,828 SOLE 155,828
- --------------------------------------------------------------------------------------------------------------------------------
AVALONBAY COMMUNITIES INC COM 053484101 276 8050 SH Defined 01 8050
- --------------------------------------------------------------------------------------------------------------------------------
AVANT IMMUNOTHER INC WTS ( COM 053491114 254 15,509 SOLE 15,509
- --------------------------------------------------------------------------------------------------------------------------------
AXA FINL INC COM 002451102 569 16800 SH Defined 01 02 5000 11800
- --------------------------------------------------------------------------------------------------------------------------------
AXSYS TECHNOLOGIES INC COM 054615109 214 136,834 SOLE 136,834
- --------------------------------------------------------------------------------------------------------------------------------
BALLANTYNE OF OMAHA INC COM 058516105 148 44,100 SOLE 44,100
- --------------------------------------------------------------------------------------------------------------------------------
BAMBOO COM INC COM 05942K105 284 12,900 SOLE 12,900
- --------------------------------------------------------------------------------------------------------------------------------
BANK OF AMER CORP COM 060505104 438 8728 SH Defined 01 8728
- --------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO INC COM 064057102 9829 245716 SH Defined 01 02 191716 54000
- --------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DE COM 06646L100 2,205 10,600 SOLE 10,600
- --------------------------------------------------------------------------------------------------------------------------------
BARNETT INC COM 068062108 755 72,300 SOLE 72,300
- --------------------------------------------------------------------------------------------------------------------------------
BAXTER INTERNATIONAL INC COM 071813109 283 4500 SH Defined 01 02 2000 2500
- --------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC CNT PMT RT COM 071813125 42 180,931 SOLE 180,931
- --------------------------------------------------------------------------------------------------------------------------------
BEC ENERGY COM COM 05534b109 1308 14500 SH Defined 01 02 10600 3900
- --------------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON & CO COM 075887109 374 14000 SH Defined 01 02 12800 1200
- --------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC CORP COM 077853109 279 4524 SH Defined 01 4524
- --------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP COM 079860102 270 5760 SH Defined 01 5760
- --------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM 08658u101 315 6000 SH Defined 02 6000
- --------------------------------------------------------------------------------------------------------------------------------
BF REALTY HOLDINGS LTD COM 05540l109 0 32000 SH Defined 01 32000
- --------------------------------------------------------------------------------------------------------------------------------
BOC GROUP PLC SPD ADR COM 055617609 3,137 73,600 SOLE 73,600
- --------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE OFFICE PRODU COM 097403109 1,275 85,000 SOLE 85,000
- --------------------------------------------------------------------------------------------------------------------------------
BOLLE INC COM 097937106 566 111,800 SOLE 111,800
- --------------------------------------------------------------------------------------------------------------------------------
BORDEN CHEMICALS & PLASTIC COM 099541203 229 47,500 SOLE 47,500
- --------------------------------------------------------------------------------------------------------------------------------
BP AMOCO P L C SPONSORED ADR COM 055622104 2401 40482 SH Defined 01 02 37310 3172
- --------------------------------------------------------------------------------------------------------------------------------
BRANDYWINE REALTY TRUST-SBI NE COM 105368203 196 12000 SH Defined 01 1300 10700
- --------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO COM 110122108 2978 46400 SH Defined 01 02 12800 33600
- --------------------------------------------------------------------------------------------------------------------------------
BROADWING INC COM 111620100 369 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
BROADWING INC COM 111620100 352 9548 SH Defined 02 01 8500 1048
- --------------------------------------------------------------------------------------------------------------------------------
BRT REALTY TRUST SBI-NEW COM 055645303 80 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
BRT REALTY TRUST SBI-NEW COM 055645303 314 39300 SH Defined 01 02 4000 35300
- --------------------------------------------------------------------------------------------------------------------------------
BUILDING ONE SERVICES CORP COM 120114103 18 121,143 SOLE 121,143
- --------------------------------------------------------------------------------------------------------------------------------
BURLINGTON MOTOR CARRIERS COM 121866206 23 268 SOLE 268
- --------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RESOURCES INC COM 122014103 258 7804 SH Defined 01 02 4586 3218
- --------------------------------------------------------------------------------------------------------------------------------
C2 INC COM 126948108 1,136 151,010 SOLE 151,010
- --------------------------------------------------------------------------------------------------------------------------------
CABLEVISION SYSTEMS CORP-CL A COM 12686c109 377 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
CABLEVISION SYSTEMS CORP-CL A COM 12686c109 75 1000 SH Defined 01 1000
- --------------------------------------------------------------------------------------------------------------------------------
CADILLAC FAIRVIEW CORP WTS COM 126929116 214 17,641 SOLE 17,641
- --------------------------------------------------------------------------------------------------------------------------------
CALIFORNIA CULINARY ACADEM COM 129905105 746 171,200 SOLE 171,200
- --------------------------------------------------------------------------------------------------------------------------------
CAMCO FINANCIAL CORP COM 132618109 181 32,454 SOLE 32,454
- --------------------------------------------------------------------------------------------------------------------------------
CAROLINA FINCORP INC COM 143874105 781 19,947 SOLE 19,947
- --------------------------------------------------------------------------------------------------------------------------------
CAROLINA FIRST BANCSHARES COM 143875102 333 30,887 SOLE 30,887
- --------------------------------------------------------------------------------------------------------------------------------
CARTER WALLACE INC COM 146285101 203 30,000 SOLE 30,000
- --------------------------------------------------------------------------------------------------------------------------------
CATHERINES STORES CORP COM 14916F100 957 177,600 SOLE 177,600
- --------------------------------------------------------------------------------------------------------------------------------
CBS CORP COM 12490K107 538 21,828 SOLE 21,828
- --------------------------------------------------------------------------------------------------------------------------------
CBS CORP COM 12490k107 3471 54282 SH Defined 01 02 5800 48482
- --------------------------------------------------------------------------------------------------------------------------------
CCC INFORMATION SERVICES GROUP COM 12487q109 599 35000 SH Sole 35000
- --------------------------------------------------------------------------------------------------------------------------------
CCC INFORMATION SERVICES GROUP COM 12487q109 2042 119264 SH Defined 01 800 1E+05
- --------------------------------------------------------------------------------------------------------------------------------
CELADON GROUP INC INC COM 150838100 0 78,300 SOLE 78,300
- --------------------------------------------------------------------------------------------------------------------------------
CELL GENESYS INC COM 150921104 3,707 135,100 SOLE 135,100
- --------------------------------------------------------------------------------------------------------------------------------
CEM CORP COM 125165100 1,396 34,083 SOLE 34,083
- --------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP COM 151313103 266 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
CENTENNIAL HEALTHCARE CORP COM 150937100 431 115,050 SOLE 115,050
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAL BANKING SYSTEMS IN COM 152609103 1,697 206,296 SOLE 206,296
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAL REALTY INVESTORS INC COM 155052103 0 13000 SH Defined 01 13000
- --------------------------------------------------------------------------------------------------------------------------------
CENTURY TELEPHONE COM 156700106 474 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
CENTURY TELEPHONE COM 156700106 142 3000 SH Defined 01 02 1500 1500
- --------------------------------------------------------------------------------------------------------------------------------
CHAMPS ENTERTAINMENT INC ( COM 158787101 360 214,300 SOLE 214,300
- --------------------------------------------------------------------------------------------------------------------------------
CHARTER FEDERAL SAVINGS BA COM 161223987 331 92,230 SOLE 92,230
- --------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW COM 16161a108 632 8138 SH Defined 01 02 1306 6832
- --------------------------------------------------------------------------------------------------------------------------------
CHAUVCO RESOURCES INTL LTD COM G19472102 0 133,256 SOLE 133,256
- --------------------------------------------------------------------------------------------------------------------------------
CHESAPEAKE ENERGY CORP COM 165167107 59 25000 SH Defined 01 25000
- --------------------------------------------------------------------------------------------------------------------------------
CHEVRON CORP COM 166751107 710 8200 SH Defined 01 02 7000 1200
- --------------------------------------------------------------------------------------------------------------------------------
CHICAGO TITLE CORP (ctz) COM 168228104 737 66,500 SOLE 66,500
- --------------------------------------------------------------------------------------------------------------------------------
CHRIS-CRAFT INDUSTRIES INC COM 170520100 432 5995 SH Defined 02 5995
- --------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM 171232101 337 5976 SH Defined 01 494 5482
- --------------------------------------------------------------------------------------------------------------------------------
CISCO SYSTEMS INC COM 17275r102 536 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
CISCO SYSTEMS INC COM 17275r102 3950 36874 SH Defined 01 02 6000 30874
- --------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC COM 172967101 4582 82465 SH Defined 01 02 62848 19617
- --------------------------------------------------------------------------------------------------------------------------------
CITIZENS UTILITIES CO SER B COM 177342201 716 50451 SH Sole 50451
- --------------------------------------------------------------------------------------------------------------------------------
CITIZENS UTILITIES CO SER B COM 177342201 5579 393199 SH Defined 01 02 102234 3E+05
- --------------------------------------------------------------------------------------------------------------------------------
CLARIFY INC COM 180492100 6 85,600 SOLE 85,600
- --------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 892 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 250 2800 SH Defined 01 2800
- --------------------------------------------------------------------------------------------------------------------------------
CLEVELAND INDIANS BASEBALL COM 186202107 0 126,078 SOLE 126,078
- --------------------------------------------------------------------------------------------------------------------------------
CLOROX CO COM 189054109 997 19800 SH Defined 01 02 6300 13500
- --------------------------------------------------------------------------------------------------------------------------------
CMP GROUP COM 125887109 3,076 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
COAST FEDERAL LITIG RTS COM 19034Q110 1,265 134,300 SOLE 134,300
- --------------------------------------------------------------------------------------------------------------------------------
COLEMAN CO COM 193559101 10,839 171,300 SOLE 171,300
- --------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP (cg) COM 197648108 2,616 226,600 SOLE 226,600
- --------------------------------------------------------------------------------------------------------------------------------
COLUMBIAN NORTHLAND EXPL COM 198675100 0 27300 SH Sole 27300
- --------------------------------------------------------------------------------------------------------------------------------
COMCAST CORP-CL A COM 200300101 479 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
COMCAST CORP-CL A COM 200300101 148 3100 SH Defined 01 3100
- --------------------------------------------------------------------------------------------------------------------------------
COMDISCO INC COM 200336105 1114 29900 SH Defined 01 29900
- --------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL ASSETS INC COM 201119104 551 68,600 SOLE 68,600
- --------------------------------------------------------------------------------------------------------------------------------
COMMNET CELLULAR INC COM 202604104 197 47,350 SOLE 47,350
- --------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH TELEPHONE ENTERPR COM 203349105 423 8000 SH Sole 8000
- --------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH TELEPHONE ENTERPR COM 203349105 211 4000 SH Defined 01 4000
- --------------------------------------------------------------------------------------------------------------------------------
COMPS.COM INC COM 204679104 1,595 244,050 SOLE 244,050
- --------------------------------------------------------------------------------------------------------------------------------
COMPTEK RESEARCH INC COM 204682108 138 50,500 SOLE 50,500
- --------------------------------------------------------------------------------------------------------------------------------
COMSAT SERIES 1 COM 20564D107 317 101,579 SOLE 101,579
- --------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS INC COM 207142100 332 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
CONNECTICUT ENERGY CORP COM 207567108 3 58,300 SOLE 58,300
- --------------------------------------------------------------------------------------------------------------------------------
CONNECTINC COM COMPANY COM 20784010900 14,332 363,395 SOLE 363,395
- --------------------------------------------------------------------------------------------------------------------------------
CONOCO INC CL B COM 208251405 309 176,804 SOLE 176,804
- --------------------------------------------------------------------------------------------------------------------------------
CONSO INTERNATIONAL CORP COM 20854R105 1,518 205,648 SOLE 205,648
- --------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED NATURAL GAS C COM 209615103 1,891 131,900 SOLE 131,900
- --------------------------------------------------------------------------------------------------------------------------------
CONSUMERS FINANCIAL CORP COM 210520102 701 25,768 SOLE 25,768
- --------------------------------------------------------------------------------------------------------------------------------
CONVERGYS CORP COM 212485106 261 8500 SH Defined 02 8500
- --------------------------------------------------------------------------------------------------------------------------------
CORNING INC COM 219350105 1289 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS INC NEW CL COM 224044107 515 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
CRYSTAL GAS STORAGE INC (c COM 229241104 2,019 107,440 SOLE 107,440
- --------------------------------------------------------------------------------------------------------------------------------
CSF HOLDINGS ESCROW COM 126335991 2,266 27,350 SOLE 27,350
- --------------------------------------------------------------------------------------------------------------------------------
CTG RESOURCES INC COM 125957100 1,408 216,100 SOLE 216,100
- --------------------------------------------------------------------------------------------------------------------------------
CYTEC INDUSTRIES INC COM 232820100 4,398 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
DATA TRANSMISSION NETWORK COM 238017107 1,774 20,515 SOLE 20,515
- --------------------------------------------------------------------------------------------------------------------------------
DATUM INC COM 238208102 8,565 88,200 SOLE 88,200
- --------------------------------------------------------------------------------------------------------------------------------
DBL LIQUIDATING TRUST (dbl COM 233038108 2 13,000 SOLE 13,000
- --------------------------------------------------------------------------------------------------------------------------------
DELTA & PINE LAND CO COM 247357106 16 314,900 SOLE 314,900
- --------------------------------------------------------------------------------------------------------------------------------
DIGITAL ORIGIN INC COM 25385X109 6,084 72,500 SOLE 72,500
- --------------------------------------------------------------------------------------------------------------------------------
DII GROUP INC COM 232949107 0 80,200 SOLE 80,200
- --------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM 25429q102 585 38700 SH Defined 01 1000 37700
- --------------------------------------------------------------------------------------------------------------------------------
DIME BANKCORP NEW (dme) COM 25429Q102 7,509 139,000 SOLE 139,000
- --------------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC COM 260561105 578 8500 SH Defined 02 8500
- --------------------------------------------------------------------------------------------------------------------------------
DUN & BRADSTREET CORP DEL COM 26483b106 700 23712 SH Defined 01 02 14412 9300
- --------------------------------------------------------------------------------------------------------------------------------
DYNASTY CLASSICS COM 268127107 463 14,415 SOLE 14,415
- --------------------------------------------------------------------------------------------------------------------------------
EARTHLINK NETWORK INC COM 270322100 349 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
EASTERN ENTERPRISES INC COM 27637F100 838 194,041 SOLE 194,041
- --------------------------------------------------------------------------------------------------------------------------------
EBS BUILDING LLC RSTD CL A COM NOT AVAIL 0 633,933 SOLE 633,933
- --------------------------------------------------------------------------------------------------------------------------------
EBS LITIGATION LLC RSTD CL COM NOT AVAIL 117 778,382 SOLE 778,382
- --------------------------------------------------------------------------------------------------------------------------------
EBS PENSION LLC RSTD CL A COM NOT AVAIL 5,471 783,461 SOLE 783,461
- --------------------------------------------------------------------------------------------------------------------------------
EDISON INTERNATIONAL COM 281020107 221 8443 SH Defined 01 02 5800 2643
- --------------------------------------------------------------------------------------------------------------------------------
EIRCOM PLC COM 28257P105 879 21,000 SOLE 21,000
- --------------------------------------------------------------------------------------------------------------------------------
EIS INTERNATIONAL INC COM 268539103 5,689 178,100 SOLE 178,100
- --------------------------------------------------------------------------------------------------------------------------------
EL PASO ENERGY CORP COM 283905107 647 16682 SH Defined 01 02 12000 4682
- --------------------------------------------------------------------------------------------------------------------------------
ELITE INFORMATION GROUP IN COM 28659M106 2,102 13,100 SOLE 13,100
- --------------------------------------------------------------------------------------------------------------------------------
EMC CORP-MASS COM 268648102 546 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
EMC CORP-MASS COM 268648102 3212 29400 SH Defined 01 02 19400 10000
- --------------------------------------------------------------------------------------------------------------------------------
EMMIS COMMUNICATIONS CORP-CL A COM 291525103 623 5000 SH Defined 01 02 3000 2000
- --------------------------------------------------------------------------------------------------------------------------------
END OF THE ROAD TRUST CL A COM 292567104 62 450,092 SOLE 450,092
- --------------------------------------------------------------------------------------------------------------------------------
ENERGYNORTH INC COM 292925104 0 33,700 SOLE 33,700
- --------------------------------------------------------------------------------------------------------------------------------
ENEX RESOURCES COM 292744208 425 19,363 SOLE 19,363
- --------------------------------------------------------------------------------------------------------------------------------
EQK REALTY INVESTORS 1 SBI COM 268820107 0 19600 SH Defined 01 19600
- --------------------------------------------------------------------------------------------------------------------------------
ESAT TELECOM GROUP PLC SPR COM 26883Y102 11,145 42,650 SOLE 42,650
- --------------------------------------------------------------------------------------------------------------------------------
ESKIMO PIE CORP COM 296443104 1,426 189,344 SOLE 189,344
- --------------------------------------------------------------------------------------------------------------------------------
E-TOWN CORP COM 269242103 156 25,200 SOLE 25,200
- --------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS INC COM 302088109 533 6000 SH Sole 6000
- --------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS INC COM 302088109 142 1600 SH Defined 01 1600
- --------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP COM 30231g102 1018 12631 SH Defined 01 02 8949 3682
- --------------------------------------------------------------------------------------------------------------------------------
FAIRCHILD CORP CL A COM 303698104 235 37,663 SOLE 37,663
- --------------------------------------------------------------------------------------------------------------------------------
FALL RIVER GAS CO (fal) COM 306279100 1,028 77,100 SOLE 77,100
- --------------------------------------------------------------------------------------------------------------------------------
FANNIE MAE COM 313586109 262 4200 SH Defined 01 4200
- --------------------------------------------------------------------------------------------------------------------------------
FIDELITY FINANCIAL OF OHIO COM 31614P107 336 21,500 SOLE 21,500
- --------------------------------------------------------------------------------------------------------------------------------
FINANCIAL FEDERAL CORP COM 317492106 1386 60739 SH Defined 01 1050 59689
- --------------------------------------------------------------------------------------------------------------------------------
FIRST REPUBLIC BANCORP INC COM 336158100 235 9986 SH Defined 01 9986
- --------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP DEL COM 336294103 1,030 101,000 SOLE 101,000
- --------------------------------------------------------------------------------------------------------------------------------
FIRST SENTINEL BANCORP INC COM 33640T103 0 40,915 SOLE 40,915
- --------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW COM 33763v109 228 10800 SH Defined 01 10800
- --------------------------------------------------------------------------------------------------------------------------------
FLASHNET COMMUNICATIONS IN COM 338527104 0 160,249 SOLE 160,249
- --------------------------------------------------------------------------------------------------------------------------------
FLYCAST COMMUNICATIONS COR COM 344067103 0 83,850 SOLE 83,850
- --------------------------------------------------------------------------------------------------------------------------------
FOAMEX INTERNATIONAL INC COM 344123104 0 56,525 SOLE 56,525
- --------------------------------------------------------------------------------------------------------------------------------
FOREMOST CORP OF AMERICA COM 345469100 139 105,000 SOLE 105,000
- --------------------------------------------------------------------------------------------------------------------------------
FOUR MEDIA CO (four) COM 350872107 900 74,074 SOLE 74,074
- --------------------------------------------------------------------------------------------------------------------------------
FRESNIUS MED CARE HDLGS PF COM 358030203 1,856 225,600 SOLE 225,600
- --------------------------------------------------------------------------------------------------------------------------------
FRIEDE GOLDMAN HALTER INC COM 358430106 44 11,288 SOLE 11,288
- --------------------------------------------------------------------------------------------------------------------------------
GANNETT CO INC COM 364730101 261 3200 SH Defined 02 3200
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO COM 369604103 2897 18720 SH Defined 01 02 1300 17420
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL INSTRUMENT CORP NE COM 370120107 3,902 160,000 SOLE 160,000
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL INSTRUMENT CORP-DEL COM 370120107 340 4000 SH Defined 01 4000
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS CORP CL H COM 370442832 2482 25850 SH Defined 01 02 8250 17600
- --------------------------------------------------------------------------------------------------------------------------------
GENESYS TELECOMMUNICATIONS COM 371931106 1,396 133,300 SOLE 133,300
- --------------------------------------------------------------------------------------------------------------------------------
GIBRALTAR STEEL CORP COM 37476F103 1,569 24,400 SOLE 24,400
- --------------------------------------------------------------------------------------------------------------------------------
GILAT SATELLITE NETWORKS COM m51474100 226 1907 SH Defined 02 1907
- --------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM 375766102 422 10244 SH Defined 01 02 4400 5844
- --------------------------------------------------------------------------------------------------------------------------------
GLEASON CORP COM 377339106 341 25,000 SOLE 25,000
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING LTD COM g3921a100 400 8000 SH Sole 8000
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS GROUP INC COM 37936u104 346 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS GROUP INC COM 37936u104 121 3500 SH Defined 01 3500
- --------------------------------------------------------------------------------------------------------------------------------
GOLDEN BOOKS FNCL TR 8.75% COM 38080R400 1,638 98,000 SOLE 98,000
- --------------------------------------------------------------------------------------------------------------------------------
GOLDEN STATE BANCORP WTS COM 381197136 368 184,599 SOLE 184,599
- --------------------------------------------------------------------------------------------------------------------------------
GRAND UN CO COM 386532402 2,576 70,200 SOLE 70,200
- --------------------------------------------------------------------------------------------------------------------------------
GREEN MOUNTAIN POWER CORP COM 393154109 325 48,100 SOLE 48,100
- --------------------------------------------------------------------------------------------------------------------------------
GTE CORP COM 362320103 1797 25462 SH Defined 01 02 5762 19700
- --------------------------------------------------------------------------------------------------------------------------------
GULFMARK INTERNATIONAL INC COM 402629109 655 44780 SH Defined 01 02 7600 37180
- --------------------------------------------------------------------------------------------------------------------------------
GULFPORT ENERGY NEW (gpor) COM 402635304 982 34,967 SOLE 34,967
- --------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO COM 406216101 322 8000 SH Defined 01 8000
- --------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROS CO COM 410550107 10,859 212,200 SOLE 212,200
- --------------------------------------------------------------------------------------------------------------------------------
HARCOURT GENERAL INC COM 41163g101 362 9000 SH Defined 01 9000
- --------------------------------------------------------------------------------------------------------------------------------
HARMONIC INC COM 413160102 418 4400 SH Defined 02 4400
- --------------------------------------------------------------------------------------------------------------------------------
HAYES LEMMERZ INTERNATIONA COM 420781106 466 25,000 SOLE 25,000
- --------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SERVICES CORP COM 421959107 2,979 245,300 SOLE 245,300
- --------------------------------------------------------------------------------------------------------------------------------
HERLEY INDUSTRY INC DEL WT COM 427398128 1,102 48,800 SOLE 48,800
- --------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO COM 428236103 968 8500 SH Defined 01 02 3500 5000
- --------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CORP-CL A COM 428656102 184 49,755 SOLE 49,755
- --------------------------------------------------------------------------------------------------------------------------------
HILLS STORE COMPANY CONT R COM 431COM991 0 500,000 SOLE 500,000
- --------------------------------------------------------------------------------------------------------------------------------
HILLS STORES CO (EXCH) 12. COM 431DEF9C8 78 250,000 SOLE 2,250,000
- --------------------------------------------------------------------------------------------------------------------------------
HILTON HOTELS CORP COM 432848109 13,600 10,779 SOLE 10,779
- --------------------------------------------------------------------------------------------------------------------------------
HITEC ASA NK 1 PAR COM NO0003047 7,207 157,400 SOLE 157,400
- --------------------------------------------------------------------------------------------------------------------------------
HJ HEINZ CO COM 423074103 624 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
HOLLINGER INTERNATIONAL INC CL COM 435569108 220 17000 SH Defined 01 02 12000 5000
- --------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP NEW COM 435758305 566 12,500 SOLE 12,500
- --------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM 437076102 1085 15825 SH Defined 01 02 6000 9825
- --------------------------------------------------------------------------------------------------------------------------------
HOMEFED CORP NEW (hfdc) COM 43739D208 555 47,477 SOLE 47,477
- --------------------------------------------------------------------------------------------------------------------------------
HOMEPLACE AMER INC COM 43739X105 581 152,411 SOLE 152,411
- --------------------------------------------------------------------------------------------------------------------------------
HORACE MANN EDUCATORS COM 440327104 490 65,100 SOLE 65,100
- --------------------------------------------------------------------------------------------------------------------------------
HOST MARRIOTT CORP-NEW REIT COM 44107p104 256 31065 SH Defined 01 02 4348 26717
- --------------------------------------------------------------------------------------------------------------------------------
HOUSTON EXPLORATION CO COM 442120101 162 60,300 SOLE 60,300
- --------------------------------------------------------------------------------------------------------------------------------
HOWMET INTERNATIONAL INC COM 443208103 711 91,400 SOLE 91,400
- --------------------------------------------------------------------------------------------------------------------------------
HUMPHREY HOSPITALITY TR IN COM 445467103 358 81,102 SOLE 81,102
- --------------------------------------------------------------------------------------------------------------------------------
ICG COMMUNICATIONS INC-DEL COM 449246107 187 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
ILLINOVA CORP COM 452317100 87 42,000 SOLE 42,000
- --------------------------------------------------------------------------------------------------------------------------------
IMPCO TECHNOLOGIES INC COM 45255W106 0 130,000 SOLE 130,000
- --------------------------------------------------------------------------------------------------------------------------------
IMPERIAL CREDIT COMM MTG I COM 45272T102 0 183,700 SOLE 183,700
- --------------------------------------------------------------------------------------------------------------------------------
IMS HEALTH INC COM 449934108 974 35824 SH Defined 01 02 28824 7000
- --------------------------------------------------------------------------------------------------------------------------------
INCO LTD CL VBN (VOYSEY BA COM 453258709 0 52,400 SOLE 52,400
- --------------------------------------------------------------------------------------------------------------------------------
INNOVASIVE DEVICES INC COM 45766K104 0 243,700 SOLE 243,700
- --------------------------------------------------------------------------------------------------------------------------------
INSITUFORM EAST INC COM 457662104 0 13,300 SOLE 13,300
- --------------------------------------------------------------------------------------------------------------------------------
INSURANCE AUTO AUCTIONS IN COM 457875102 0 19,500 SOLE 19,500
- --------------------------------------------------------------------------------------------------------------------------------
INTEGRATED SYSTEMS INC COM 45812M104 0 93,600 SOLE 93,600
- --------------------------------------------------------------------------------------------------------------------------------
INTERLINQ SOFTWARE CORP COM 458753100 14,708 88,825 SOLE 88,825
- --------------------------------------------------------------------------------------------------------------------------------
INTERMAGNETICS GENERAL CORP COM 458771102 141 16112 SH Defined 01 16112
- --------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMMUNICATIONS INC COM 458801107 687 17700 SH Sole 17700
- --------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMMUNICATIONS INC COM 458801107 2278 58700 SH Defined 01 02 9200 49500
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE COM 459200101 861 7968 SH Defined 01 02 944 7024
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL GAME TECHNOL COM 459902102 436 30,000 SOLE 30,000
- --------------------------------------------------------------------------------------------------------------------------------
INTERNET TECHNOLOGY ORD 20 COM GB0004641 859 227,000 SOLE 227,000
- --------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP OF COS INC COM 460690100 675 11696 SH Defined 01 11696
- --------------------------------------------------------------------------------------------------------------------------------
ISOCOR COM 464902105 156 128,300 SOLE 128,300
- --------------------------------------------------------------------------------------------------------------------------------
ISTITUTO NAZIONALE DELLE A COM T5810L101 529 14,250 SOLE 14,250
- --------------------------------------------------------------------------------------------------------------------------------
ITC DELTACOM INC COM 45031t104 276 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
ITC DELTACOM INC COM 45031t104 185 6700 SH Defined 01 6700
- --------------------------------------------------------------------------------------------------------------------------------
JACKPOT ENTERPRISES COM 466392107 0 19,800 SOLE 19,800
- --------------------------------------------------------------------------------------------------------------------------------
JDS UNIPHASE CORP COM COM 46612j101 645 4000 SH Sole 4000
- --------------------------------------------------------------------------------------------------------------------------------
JOHN HANCOCK BANK & THRIFT OPP COM 409735107 473 56000 SH Defined 01 56000
- --------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM 478160104 3194 34300 SH Defined 01 02 8400 25900
- --------------------------------------------------------------------------------------------------------------------------------
JONES INTERCABLE INC COM 480206101 0 86,950 SOLE 86,950
- --------------------------------------------------------------------------------------------------------------------------------
JONES INTERCABLE INC COM 480206101 347 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
JONES INTERCABLE INC CL A COM 480206200 104 289,944 SOLE 289,944
- --------------------------------------------------------------------------------------------------------------------------------
JUNO LIGHTING INC (juno) COM 482047206 500 27,301 SOLE 27,301
- --------------------------------------------------------------------------------------------------------------------------------
KANSAS CITY POWER & LIGHT COM 485134100 398 135,200 SOLE 135,200
- --------------------------------------------------------------------------------------------------------------------------------
KANSAS CITY SO COM 485170104 373 5000 SH Defined 02 5000
- --------------------------------------------------------------------------------------------------------------------------------
KDI CORP-CONTINGENT PMT UNIT COM 482452307 0 149500 SH Sole 149500
- --------------------------------------------------------------------------------------------------------------------------------
KEMET CORP COM 488360108 451 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
KINDER MORGAN INC KANS COM 49455p101 242 12000 SH Defined 01 02 10650 1350
- --------------------------------------------------------------------------------------------------------------------------------
KLA INSTRUMENTS CORP W/RTS COM 482480100 203 1820 SH Defined 01 02 1620 200
- --------------------------------------------------------------------------------------------------------------------------------
KRANZCO REALTY TRUST COM 50076E103 585 70,800 SOLE 70,800
- --------------------------------------------------------------------------------------------------------------------------------
KREISLER MANUFACTURING COR COM 500773106 167 21,479 SOLE 21,479
- --------------------------------------------------------------------------------------------------------------------------------
LABORATORY CORP OF AMERICA COM 50540R201 42 8,835 SOLE 8,835
- --------------------------------------------------------------------------------------------------------------------------------
LABORATORY CORP OF AMERICA COM 50540r201 552 8000 SH Sole 8000
- --------------------------------------------------------------------------------------------------------------------------------
LABORATORY CORP OF AMERICA COM 50540r201 69 1000 SH Defined 01 1000
- --------------------------------------------------------------------------------------------------------------------------------
LABORATORY CORP OF AMERICA HOL COM 50540r102 37 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
LABORATORY CORP OF AMERICA HOL COM 50540r102 55 15000 SH Defined 01 15000
- --------------------------------------------------------------------------------------------------------------------------------
LADD FURNITURE INC NEW COM 505739201 686 66,100 SOLE 66,100
- --------------------------------------------------------------------------------------------------------------------------------
LAKE ARIEL BANCORP INC COM 507467108 666 79,452 SOLE 79,452
- --------------------------------------------------------------------------------------------------------------------------------
LANDSING PACIFIC FUND (ldp COM 515096105 112 81,850 SOLE 81,850
- --------------------------------------------------------------------------------------------------------------------------------
LASALLE RE HOLDINGS LTD COM G5383Q101 95 144,800 SOLE 144,800
- --------------------------------------------------------------------------------------------------------------------------------
LASER POWER CORP COM 51806K104 1,278 122,300 SOLE 122,300
- --------------------------------------------------------------------------------------------------------------------------------
LIFE TECHNOLOGIES INC NEW COM 532177201 1,195 13,356 SOLE 13,356
- --------------------------------------------------------------------------------------------------------------------------------
LIFELINE SYSTEMS INC COM 532192101 1,651 116,675 SOLE 116,675
- --------------------------------------------------------------------------------------------------------------------------------
LONDON PACIFIC GROUP LTD SPONS COM 542073101 184 5100 SH Sole 5100
- --------------------------------------------------------------------------------------------------------------------------------
LONDON PACIFIC GROUP LTD SPONS COM 542073101 180 5000 SH Defined 01 02 1000 4000
- --------------------------------------------------------------------------------------------------------------------------------
LONE STAR LIQUIDATING TRUS COM 54229R102 613 802,855 SOLE 9,802,855
- --------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COM g56462107 608 25000 SH Sole 25000
- --------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COM g56462107 19 800 SH Defined 01 02 800
- --------------------------------------------------------------------------------------------------------------------------------
LOUISIANA PACIFIC CORP COM 546347105 1,460 25,000 SOLE 25,000
- --------------------------------------------------------------------------------------------------------------------------------
LOWRANCE ELECTRONICS INC COM 548900109 1,804 135,500 SOLE 135,500
- --------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP-W/RTS TO PUR COM 502161102 540 8000 SH Sole 8000
- --------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP-W/RTS TO PUR COM 502161102 13 200 SH Defined 01 200
- --------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC COM 549463107 1098 14670 SH Defined 01 02 5256 9414
- --------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP (mtb) COM 55261F104 2,044 550 SOLE 550
- --------------------------------------------------------------------------------------------------------------------------------
MAKER COMMUNICATIONS INC COM 560875106 466 40,900 SOLE 40,900
- --------------------------------------------------------------------------------------------------------------------------------
MAPQUEST.COM INC COM 565644101 666 58,200 SOLE 58,200
- --------------------------------------------------------------------------------------------------------------------------------
MATLACK SYSTEMS INC COM 576901102 1,934 61,100 SOLE 61,100
- --------------------------------------------------------------------------------------------------------------------------------
MATRIX BANCORP INC COM 576819106 17 57,974 SOLE 57,974
- --------------------------------------------------------------------------------------------------------------------------------
MATTEL INC COM 577081102 307 19,538 SOLE 19,538
- --------------------------------------------------------------------------------------------------------------------------------
MBO PROPERTIES INC (mbopq) COM 55263L109 3,136 360,857 SOLE 360,857
- --------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM 580135101 701 17400 SH Defined 01 02 4400 13000
- --------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC COM 55268b106 398 7500 SH Sole 7500
- --------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC COM 55268b106 104 1962 SH Defined 01 1962
- --------------------------------------------------------------------------------------------------------------------------------
MCN ENERGY GROUP INC COM 552675100 333 74,000 SOLE 74,000
- --------------------------------------------------------------------------------------------------------------------------------
MECON INC COM 58400M105 609 148,600 SOLE 148,600
- --------------------------------------------------------------------------------------------------------------------------------
MEDCO RESEARCH INC COM 584059109 1,019 115,000 SOLE 115,000
- --------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC COM 58440j104 768 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC COM 58440j104 1612 20980 SH Defined 01 02 6000 14980
- --------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC (umg) COM 58440J104 22 242,300 SOLE 242,300
- --------------------------------------------------------------------------------------------------------------------------------
MEDIWARE INFORMATION SYSTE COM 584946107 23 55,800 SOLE 55,800
- --------------------------------------------------------------------------------------------------------------------------------
MELLON FINL CORP COM 58551a108 600 17600 SH Defined 01 02 10000 7600
- --------------------------------------------------------------------------------------------------------------------------------
MERCHANTS BANCORP INC-DEL COM 588438101 50 66,900 SOLE 66,900
- --------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM 589331107 617 9200 SH Defined 02 9200
- --------------------------------------------------------------------------------------------------------------------------------
MEREDITH CORP COM 589433101 258 6200 SH Defined 01 6200
- --------------------------------------------------------------------------------------------------------------------------------
MERIDIAN MEDICAL TECHNOLOG COM 589658103 5,573 13,850 SOLE 13,850
- --------------------------------------------------------------------------------------------------------------------------------
MERISTAR HOTELS & RESORTS COM 589988104 38 69,600 SOLE 69,600
- --------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC COM 590188108 165 14,200 SOLE 14,200
- --------------------------------------------------------------------------------------------------------------------------------
METRIKA SYSTEMS CORP COM 59159M106 0 128,300 SOLE 128,300
- --------------------------------------------------------------------------------------------------------------------------------
METRO ONE TELECOMMUNICATIO COM 59163F105 0 54,400 SOLE 54,400
- --------------------------------------------------------------------------------------------------------------------------------
METROCALL INC RTS COM 591647110 0 67,749 SOLE 67,749
- --------------------------------------------------------------------------------------------------------------------------------
METROMEDIA INTERNATIONAL G COM 591695101 549 18,896 SOLE 18,896
- --------------------------------------------------------------------------------------------------------------------------------
MGI PROPERTY (mgi) COM 552885105 248 322,400 SOLE 322,400
- --------------------------------------------------------------------------------------------------------------------------------
MICHAEL FOODS INC NEW COM 594079105 5,956 52,300 SOLE 52,300
- --------------------------------------------------------------------------------------------------------------------------------
MICROS TO MAINFRAMES INC COM 594944100 19,843 43,135 SOLE 43,135
- --------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COM 594918104 1515 12980 SH Defined 01 02 10100 2880
- --------------------------------------------------------------------------------------------------------------------------------
MIDAMERICAN ENERGY HOLDING COM 595920109 219 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
MILESTONE PROPERTIES INC ( COM 599358108 287 208,116 SOLE 208,116
- --------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CORP COM 606592202 2,983 22,500 SOLE 22,500
- --------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CP C COM 606592301 29 53,000 SOLE 53,000
- --------------------------------------------------------------------------------------------------------------------------------
MONSANTO CO COM 611662107 6 132,500 SOLE 132,500
- --------------------------------------------------------------------------------------------------------------------------------
MOORE MEDICAL CORP COM 615799103 624 27,200 SOLE 27,200
- --------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM 620076109 1472 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM 620076109 221 1500 SH Defined 01 1500
- --------------------------------------------------------------------------------------------------------------------------------
MYR GROUP INC COM 554053108 91 61,100 SOLE 61,100
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL WESTMINSTER BANK COM 638539403 610 11,694 SOLE 11,694
- --------------------------------------------------------------------------------------------------------------------------------
NATL WESTMINSTER BK PLC-OR COM G63812146 1,305 14,588 SOLE 14,588
- --------------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTERNATIONAL COR COM 63934E108 1,182 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
NESTLE SA-SPONSORED ADR REPSTG COM 641069406 1476 16200 SH Defined 01 02 9700 6500
- --------------------------------------------------------------------------------------------------------------------------------
NETMOVES CORP COM 560311102 0 262,100 SOLE 262,100
- --------------------------------------------------------------------------------------------------------------------------------
NEW PLAN EXCEL REALTY TRUST IN COM 648053106 184 11650 SH Defined 01 11650
- --------------------------------------------------------------------------------------------------------------------------------
NEWBRIDGE NETWORKS CORP COM 650901101 2,389 110,000 SOLE 110,000
- --------------------------------------------------------------------------------------------------------------------------------
NEWPARK RESOURCES INC NEW COM 651718504 306 50,100 SOLE 50,100
- --------------------------------------------------------------------------------------------------------------------------------
NEWPARK RESOURCES INC NEW COM 651718504 61 10000 SH Defined 02 10000
- --------------------------------------------------------------------------------------------------------------------------------
NEWS CORP LTD-SPONSORED ADR RE COM 652487802 334 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
NEWS CORP LTD-SPONSORED ADR RE COM 652487802 401 12000 SH Defined 01 02 10000 2000
- --------------------------------------------------------------------------------------------------------------------------------
NEWSEDGE CORP COM 65249Q106 1,377 107,300 SOLE 107,300
- --------------------------------------------------------------------------------------------------------------------------------
NEXTLINK COMMUNICATIONS INC CL COM 65333h707 415 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
NFO WORLDWIDE INC COM 62910N108 565 32,300 SOLE 32,300
- --------------------------------------------------------------------------------------------------------------------------------
NFRONT INC COM 65334N109 1,728 73,900 SOLE 73,900
- --------------------------------------------------------------------------------------------------------------------------------
NMBT CORP COM 629189101 124 99,200 SOLE 99,200
- --------------------------------------------------------------------------------------------------------------------------------
NOBEL INSURANCE LTD COM 654885102 8 163,612 SOLE 163,612
- --------------------------------------------------------------------------------------------------------------------------------
NOBLE INTERNATIONAL LTD COM 655053106 6 105,000 SOLE 105,000
- --------------------------------------------------------------------------------------------------------------------------------
NOEL GROUP INC COM 655260107 1,225 247,800 SOLE 247,800
- --------------------------------------------------------------------------------------------------------------------------------
NOEL GROUP INC UNIT BEN IN COM 655260305 356 247,800 SOLE 247,800
- --------------------------------------------------------------------------------------------------------------------------------
NOEL LIQUIDATION COM 655266104 0 247,800 SOLE 247,800
- --------------------------------------------------------------------------------------------------------------------------------
NOMAS CORP NEV COM 65531N100 703 26,819 SOLE 26,819
- --------------------------------------------------------------------------------------------------------------------------------
NOMAS CORP NEW PFD SER A COM 65531N209 228 26,819 SOLE 26,819
- --------------------------------------------------------------------------------------------------------------------------------
NORSTAN INC COM 656535101 0 32,900 SOLE 32,900
- --------------------------------------------------------------------------------------------------------------------------------
NORTH AMERICAN BANK & TRUST CO COM 656751104 35 10000 SH Defined 01 10000
- --------------------------------------------------------------------------------------------------------------------------------
NORTH AMERICAN VACCINE INC COM 657201109 0 150,000 SOLE 150,000
- --------------------------------------------------------------------------------------------------------------------------------
NORTH COUNTY BANCORP COM 658810106 0 61,200 SOLE 61,200
- --------------------------------------------------------------------------------------------------------------------------------
NORTHEAST BANCORP ESCROW/R COM 664058989 0 153,030 SOLE 153,030
- --------------------------------------------------------------------------------------------------------------------------------
NOVARTIS AG-SPONSORED ADR COM 66987v109 475 6500 SH Defined 02 6500
- --------------------------------------------------------------------------------------------------------------------------------
NTL INCORPORATED COM 629407107 3961 31752 SH Defined 01 02 2250 29502
- --------------------------------------------------------------------------------------------------------------------------------
OAK INDUSTRIES INC NEW COM 671400505 0 105,000 SOLE 105,000
- --------------------------------------------------------------------------------------------------------------------------------
OLSTEN CORP COM 681385100 1,748 283,000 SOLE 283,000
- --------------------------------------------------------------------------------------------------------------------------------
OMNIPOINT CORP COM 68212D102 1,313 147,900 SOLE 147,900
- --------------------------------------------------------------------------------------------------------------------------------
ONIX SYSTEMS INC COM 67088G108 59 102,900 SOLE 102,900
- --------------------------------------------------------------------------------------------------------------------------------
ONTRACK DATA INTERNATIONAL COM 683372106 65 218,000 SOLE 218,000
- --------------------------------------------------------------------------------------------------------------------------------
OPHTHALMIC IMAGING SYSTEMS COM 683737209 199 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
OPTICAL COATING LABORATORY COM 683829105 696 41,800 SOLE 41,800
- --------------------------------------------------------------------------------------------------------------------------------
OPTICAL SECURITY GROUP INC COM 683848204 256 45,915 SOLE 45,915
- --------------------------------------------------------------------------------------------------------------------------------
ORTHOFIX INT NV (ofix) COM N6748L102 361 27,763 SOLE 27,763
- --------------------------------------------------------------------------------------------------------------------------------
O'SULLIVAN INDS HLDG SR PF COM 67104Q205 1,758 85,200 SOLE 85,200
- --------------------------------------------------------------------------------------------------------------------------------
PACIFIC BANK NATIONAL ASSN COM 694026204 1,607 110,640 SOLE 110,640
- --------------------------------------------------------------------------------------------------------------------------------
PALL CORP COM 696429307 237 11000 SH Sole 11000
- --------------------------------------------------------------------------------------------------------------------------------
PALL CORP COM 696429307 2105 97626 SH Defined 01 02 5233 92393
- --------------------------------------------------------------------------------------------------------------------------------
PARK PLACE ENTERTAINMENT C COM 700690100 3,457 61,500 SOLE 61,500
- --------------------------------------------------------------------------------------------------------------------------------
PAXSON COMMUNICATIONS CORP COM 704231109 18,612 21,800 SOLE 21,800
- --------------------------------------------------------------------------------------------------------------------------------
PEAK INTERNATIONAL LTD COM G69586108 432 102,200 SOLE 102,200
- --------------------------------------------------------------------------------------------------------------------------------
PECHINEY SPONS ADR COM 705151207 1,898 35,900 SOLE 35,900
- --------------------------------------------------------------------------------------------------------------------------------
PENN TRAFFIC CO NEW (pnft) COM 707832200 78 25,000 SOLE 25,000
- --------------------------------------------------------------------------------------------------------------------------------
PENNCORP FINL GROUP INC $3 COM 708094701 248 29,000 SOLE 29,000
- --------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM 713448108 269 7640 SH Defined 01 02 5400 2240
- --------------------------------------------------------------------------------------------------------------------------------
PERCON INC COM 71361E103 1,186 60,000 SOLE 60,000
- --------------------------------------------------------------------------------------------------------------------------------
PETRIE STORES LIQUIDATING COM 716437108 770 186,075 SOLE 186,075
- --------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM 717081103 2040 62886 SH Defined 01 02 43650 19236
- --------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM 716941109 707 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
PHILADELPHIA SUBURBAN CORP COM 718009608 0 23,500 SOLE 23,500
- --------------------------------------------------------------------------------------------------------------------------------
PHILIPS INTERNATIONAL REAL COM 718333107 90 11,000 SOLE 11,000
- --------------------------------------------------------------------------------------------------------------------------------
PIERCE LEAHY CORP COM 720722107 1,693 120,700 SOLE 120,700
- --------------------------------------------------------------------------------------------------------------------------------
PIMCO ADVISORS LP-CL (pa) COM 69338X105 1,281 134,200 SOLE 134,200
- --------------------------------------------------------------------------------------------------------------------------------
PITTSTON BAX GROUP (pzx) COM 725701882 291 24,400 SOLE 24,400
- --------------------------------------------------------------------------------------------------------------------------------
PITTSTON MINERALS GROUP COM 725701205 674 47,000 SOLE 47,000
- --------------------------------------------------------------------------------------------------------------------------------
PITTWAY CORP DEL CL A COM 725790208 572 90,000 SOLE 90,000
- --------------------------------------------------------------------------------------------------------------------------------
PIXTECH INC COM 72583k109 235 104400 SH Defined 01 1E+05
- --------------------------------------------------------------------------------------------------------------------------------
PLASMA-THERM INC COM 727900102 496 40,000 SOLE 40,000
- --------------------------------------------------------------------------------------------------------------------------------
PLAYCORE INC (pco) COM 72811G102 1,143 109,412 SOLE 109,412
- --------------------------------------------------------------------------------------------------------------------------------
PLAYERS INTERNATIONAL INC COM 727903106 420 394,041 SOLE 394,041
- --------------------------------------------------------------------------------------------------------------------------------
PMC-SIERRA INC COM 69344f106 481 3000 SH Sole 3000
- --------------------------------------------------------------------------------------------------------------------------------
PREMIER BANCSHARES INC-GA COM 739909109 4,720 25,700 SOLE 25,700
- --------------------------------------------------------------------------------------------------------------------------------
PREMIERE PAGE INC ESCROW COM 74058E998 75 27,000 SOLE 27,000
- --------------------------------------------------------------------------------------------------------------------------------
PRIME BANCSHARES INC TEX COM 74157H108 375 166,600 SOLE 166,600
- --------------------------------------------------------------------------------------------------------------------------------
PRIME HOSPITALITY CORP COM 741917108 256 29000 SH Sole 29000
- --------------------------------------------------------------------------------------------------------------------------------
PRIME HOSPITALITY CORP COM 741917108 465 52800 SH Defined 01 02 2800 50000
- --------------------------------------------------------------------------------------------------------------------------------
PRIME RETAIL INC 8.5% CV P COM 741570303 265 22,198 SOLE 22,198
- --------------------------------------------------------------------------------------------------------------------------------
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 382 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 306 8000 SH Defined 01 02 1500 6500
- --------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM 742718109 1085 9900 SH Defined 01 02 1600 8300
- --------------------------------------------------------------------------------------------------------------------------------
PROSPECT GROUP NEW (pros) COM 742918501 660 18,811 SOLE 18,811
- --------------------------------------------------------------------------------------------------------------------------------
PROTOCOL SYSTEMS INC COM 74371R106 1,785 40,000 SOLE 40,000
- --------------------------------------------------------------------------------------------------------------------------------
PROVIDENT BANKSHARES CORP COM 743859100 2171 125390 SH Defined 01 02 18379 1E+05
- --------------------------------------------------------------------------------------------------------------------------------
PUBLIC SERVICE CO OF NC IN COM 744516105 1,795 120,600 SOLE 120,600
- --------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS INTERNATI COM 749121109 860 20000 SH Sole 20000
- --------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS INTERNATI COM 749121109 608 14150 SH Defined 01 800 13350
- --------------------------------------------------------------------------------------------------------------------------------
RAGEN MACKENZIE GROUP INC COM 750642100 1,511 170,400 SOLE 170,400
- --------------------------------------------------------------------------------------------------------------------------------
RAILTEX INC COM 750766107 313 190,700 SOLE 190,700
- --------------------------------------------------------------------------------------------------------------------------------
RAINFOREST CAFE INC COM 75086K104 948 108,500 SOLE 108,500
- --------------------------------------------------------------------------------------------------------------------------------
RALSTON-RALSTON PURINA GRO COM 751277302 1,818 40,100 SOLE 40,100
- --------------------------------------------------------------------------------------------------------------------------------
RANDERS KILLAM GROUP INC. COM 752333203 2,482 40,200 SOLE 40,200
- --------------------------------------------------------------------------------------------------------------------------------
RAYTECH CORP DEL COM 755103108 307 291,300 SOLE 291,300
- --------------------------------------------------------------------------------------------------------------------------------
RCN CORP COM 749361101 485 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
RCN CORP COM 749361101 48 1000 SH Defined 01 1000
- --------------------------------------------------------------------------------------------------------------------------------
RECKON ASSOC RLTY CORP CL COM 75621K304 1,234 169,963 SOLE 169,963
- --------------------------------------------------------------------------------------------------------------------------------
REINSURANCE GROUP OF AMERI COM 759351109 715 100,590 SOLE 100,590
- --------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC COM 759451107 1,478 18,000 SOLE 18,000
- --------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINANCIAL CORP COM 75952u103 212 5400 SH Defined 01 02 4000 1400
- --------------------------------------------------------------------------------------------------------------------------------
RENEX CORP COM 759683105 2,368 141,300 SOLE 141,300
- --------------------------------------------------------------------------------------------------------------------------------
REPUBLIC NEW YORK CORP COM 760719104 123 217,000 SOLE 217,000
- --------------------------------------------------------------------------------------------------------------------------------
EUTERS GROUP PLC SPONSORED AD OM 6132m102 224 2773 SH Defined 2 2773
- --------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO (rlm) COM 761763101 1,509 70,000 SOLE 70,000
- --------------------------------------------------------------------------------------------------------------------------------
ROBERTSON CECO CORP NEW COM 770539203 139 75,000 SOLE 75,000
- --------------------------------------------------------------------------------------------------------------------------------
ROCHE HOLDING LTD SPONSORED AD COM 771195104 4268 36145 SH Defined 01 02 12100 24045
- --------------------------------------------------------------------------------------------------------------------------------
ROCKY MOUNTAIN CHOCOLATE F COM 774678403 99 100,345 SOLE 100,345
- --------------------------------------------------------------------------------------------------------------------------------
ROHN INC COM 775381106 0 331,550 SOLE 331,550
- --------------------------------------------------------------------------------------------------------------------------------
ROSLYN BANCORP INC COM 778162107 70 109,978 SOLE 109,978
- --------------------------------------------------------------------------------------------------------------------------------
ROTONICS MANUFACTURING COM 778903104 70 200,200 SOLE 200,200
- --------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETROLEUM CO NY RE COM 780257804 484 8000 SH Defined 01 02 6000 2000
- --------------------------------------------------------------------------------------------------------------------------------
RUSS BERRIE & CO INC COM 782233100 202 86,000 SOLE 86,000
- --------------------------------------------------------------------------------------------------------------------------------
SABRE HOLDINGS CORP CL A COM 785905100 256 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
SAFESKIN CORP COM 786454108 1,693 120,400 SOLE 120,400
- --------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC COM 78387g103 963 19762 SH Defined 01 02 5564 14198
- --------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP COM 806605101 789 18700 SH Defined 01 02 16700 2000
- --------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD COM 806857108 435 7732 SH Defined 01 02 6132 1600
- --------------------------------------------------------------------------------------------------------------------------------
SEAGRAM CO LTD COM 811850106 449 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
SEAGRAM CO LTD COM 811850106 932 20750 SH Defined 01 02 9500 11250
- --------------------------------------------------------------------------------------------------------------------------------
SEAWAY FOOD TOWN INC COM 812744100 675 55,644 SOLE 55,644
- --------------------------------------------------------------------------------------------------------------------------------
SERVICE EXPERTS INC COM 817567100 1,239 45,000 SOLE 45,000
- --------------------------------------------------------------------------------------------------------------------------------
SGV BANCORP INC COM 78422T102 0 74,209 SOLE 74,209
- --------------------------------------------------------------------------------------------------------------------------------
SHIRE PHARMACEUTICAL GROUP COM 824815106 6 22,229 SOLE 22,229
- --------------------------------------------------------------------------------------------------------------------------------
SHOREWOOD PACKAGING CORP COM 825229107 225 353,400 SOLE 353,400
- --------------------------------------------------------------------------------------------------------------------------------
SHOWPOWER INC COM 825396104 11,143 46,200 SOLE 46,200
- --------------------------------------------------------------------------------------------------------------------------------
SIENA HOLDINGS INC COM 826203101 3,201 152,404 SOLE 152,404
- --------------------------------------------------------------------------------------------------------------------------------
SIGCORP INC COM 826912107 17,803 32,800 SOLE 32,800
- --------------------------------------------------------------------------------------------------------------------------------
SILICON VALLEY COM 827066101 630 18,434 SOLE 18,434
- --------------------------------------------------------------------------------------------------------------------------------
SILICON VALLEY GROUP INC COM 827066101 509 28700 SH Defined 01 1000 27700
- --------------------------------------------------------------------------------------------------------------------------------
SIZZLER INTERNATIONAL INC COM 830139101 2,630 135,275 SOLE 135,275
- --------------------------------------------------------------------------------------------------------------------------------
SJW CORP COM 784305104 11 8,000 SOLE 8,000
- --------------------------------------------------------------------------------------------------------------------------------
SNYDER COMMUNICATIONS INC COM 832914105 12,268 54,500 SOLE 54,500
- --------------------------------------------------------------------------------------------------------------------------------
SNYDER COMMUNICATIONS INC COM 832914105 385 20000 SH Sole 20000
- --------------------------------------------------------------------------------------------------------------------------------
SNYDER COMMUNICATIONS INC COM 832914105 192 10000 SH Defined 01 10000
- --------------------------------------------------------------------------------------------------------------------------------
SOFTWORKS INC COM 83404P102 316 233,500 SOLE 233,500
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHERN PACIFIC PETROLEUM COM 843581307 28 10000 SH Defined 01 10000
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST GAS CORP COM 844895102 389 328,800 SOLE 328,800
- --------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP INC COM 845905108 102 13680 SH Defined 01 1440 12240
- --------------------------------------------------------------------------------------------------------------------------------
SPECTRANETICS CORP COM 84760C107 43 20,878 SOLE 20,878
- --------------------------------------------------------------------------------------------------------------------------------
SPRINT CORP COM 852061100 2,994 49,600 SOLE 49,600
- --------------------------------------------------------------------------------------------------------------------------------
STAFF LEASING INC COM 852381102 650 107,150 SOLE 107,150
- --------------------------------------------------------------------------------------------------------------------------------
STAR TELECOMMUNICATIONS IN COM 854923109 769 92,600 SOLE 92,600
- --------------------------------------------------------------------------------------------------------------------------------
STARWOOD HOTELS & RESORTS WORL COM 85590a203 354 15050 SH Defined 01 15050
- --------------------------------------------------------------------------------------------------------------------------------
STATE FINANCIAL SERVICES C COM 856855101 510 44,894 SOLE 44,894
- --------------------------------------------------------------------------------------------------------------------------------
STATEWIDE FINANCIAL CORP COM 857914105 260 72,200 SOLE 72,200
- --------------------------------------------------------------------------------------------------------------------------------
STRAWBRIDGE & CLOTHIER ESC COM 863200986 1,048 181,668 SOLE 181,668
- --------------------------------------------------------------------------------------------------------------------------------
STUDENT LOAN CORP COM 863902102 1,304 131,800 SOLE 131,800
- --------------------------------------------------------------------------------------------------------------------------------
SUBURBAN BANCSHARES INC COM 864350103 225 166,700 SOLE 166,700
- --------------------------------------------------------------------------------------------------------------------------------
SUN ENERGY PARTNERS LP ESC COM 866719990 319 61,600 SOLE 61,600
- --------------------------------------------------------------------------------------------------------------------------------
SUPERMARKETS GENERAL $3.52 COM 868446204 881 32,858 SOLE 32,858
- --------------------------------------------------------------------------------------------------------------------------------
SWISS HELVETIA FUND INC COM 870875101 641 46400 SH Defined 01 02 5600 40800
- --------------------------------------------------------------------------------------------------------------------------------
T ROWE PRICE U S TREASURY FUND COM 77957t107 165 33268.7 SH Defined 01 33269
- --------------------------------------------------------------------------------------------------------------------------------
TEKTRONICS INC COM 879131100 685 17620 SH Defined 01 17620
- --------------------------------------------------------------------------------------------------------------------------------
TELEBANC FINANCIAL CORP COM 87925R109 454 15,700 SOLE 15,700
- --------------------------------------------------------------------------------------------------------------------------------
TELEPHONE & DATA SYSTEMS INC COM 879433100 2016 16000 SH Sole 16000
- --------------------------------------------------------------------------------------------------------------------------------
TELEPHONE & DATA SYSTEMS INC COM 879433100 9110 72300 SH Defined 01 02 16600 55700
- --------------------------------------------------------------------------------------------------------------------------------
TELOS CORP 12% PFD COM 87969B200 900 14,607 SOLE 14,607
- --------------------------------------------------------------------------------------------------------------------------------
TELTREND INC COM 87969R106 486 41,200 SOLE 41,200
- --------------------------------------------------------------------------------------------------------------------------------
TELXON CORP COM 879700102 181 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
TEMPLATE SOFTWARE COM 879788107 5,220 256,061 SOLE 256,061
- --------------------------------------------------------------------------------------------------------------------------------
TERA COMPUTER CO COM 88076p108 168 37350 SH Defined 01 37350
- --------------------------------------------------------------------------------------------------------------------------------
TERRA NOVA BERMUDA HLDGS L COM G87615103 5,058 117,500 SOLE 117,500
- --------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS INC COM 882508104 484 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS INC COM 882508104 116 1200 SH Defined 02 1200
- --------------------------------------------------------------------------------------------------------------------------------
THEMOTREX CORP COM 883666109 259 261,900 SOLE 261,900
- --------------------------------------------------------------------------------------------------------------------------------
THERMEDICS DETECTION INC COM 88355T103 76 287,800 SOLE 287,800
- --------------------------------------------------------------------------------------------------------------------------------
THERMO ECOTEK CORP COM 88355R106 4,033 185,300 SOLE 185,300
- --------------------------------------------------------------------------------------------------------------------------------
THERMO SENTRON INC COM 883593105 490 134,800 SOLE 134,800
- --------------------------------------------------------------------------------------------------------------------------------
THERMO TERRATECH INC COM 883598104 875 86,500 SOLE 86,500
- --------------------------------------------------------------------------------------------------------------------------------
THERMO VISION CORP COM 883600108 3,239 196,600 SOLE 196,600
- --------------------------------------------------------------------------------------------------------------------------------
THERMOLASE CORP COM 883624108 350 340,200 SOLE 340,200
- --------------------------------------------------------------------------------------------------------------------------------
THERMORETEC CORP COM 883656100 0 81,500 SOLE 81,500
- --------------------------------------------------------------------------------------------------------------------------------
THOMAS NELSON INC COM 640376109 3,926 250,400 SOLE 250,400
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC (HOLDING CO) COM 887315109 724 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC (HOLDING CO) COM 887315109 5737 79200 SH Defined 01 02 39540 39660
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER TELECOM INC CLASS COM 887319101 400 8000 SH Sole 8000
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER TELECOM INC CLASS COM 887319101 50 1000 SH Defined 01 1000
- --------------------------------------------------------------------------------------------------------------------------------
TJ INTERNATIONAL INC COM 872534102 262 167,200 SOLE 167,200
- --------------------------------------------------------------------------------------------------------------------------------
TLC BEATRICE COM NOT AVAIL 3 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
TODAYS MAN INC (tman) COM 888910106 358 69,252 SOLE 69,252
- --------------------------------------------------------------------------------------------------------------------------------
TODD AO CORP CL A COM 888896107 451 14800 SH Defined 02 14800
- --------------------------------------------------------------------------------------------------------------------------------
TOTAL CONTAINMENT INC. COM 89149T101 3,897 53,910 SOLE 53,910
- --------------------------------------------------------------------------------------------------------------------------------
TPI ENTERPRISES COM 872623103 17 534,249 SOLE 534,249
- --------------------------------------------------------------------------------------------------------------------------------
TRIGEN ENERGY CORP COM 895930105 3,067 49,500 SOLE 49,500
- --------------------------------------------------------------------------------------------------------------------------------
TRIKON TECHNOLOGIES INC PF COM 896187986 3,385 38,948 SOLE 38,948
- --------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM 902124106 2931 75400 SH Defined 01 02 22200 53200
- --------------------------------------------------------------------------------------------------------------------------------
U S HOMECARE CORP COM 911819100 0 10000 SH Defined 01 10000
- --------------------------------------------------------------------------------------------------------------------------------
UDC HOMES SER C SUB NTS 0% COM 90264JAA8 431 89,940 SOLE 89,940
- --------------------------------------------------------------------------------------------------------------------------------
UNION BANKSHARES LTD COM 905403101 1,118 41,520 SOLE 41,520
- --------------------------------------------------------------------------------------------------------------------------------
UNION CARBIDE COM 905581104 171 123,000 SOLE 123,000
- --------------------------------------------------------------------------------------------------------------------------------
UNION PACIFIC RESOURCES COM 907834105 127 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
UNION PACIFIC RESOURCES COM 907834105 43 3338 SH Defined 01 3338
- --------------------------------------------------------------------------------------------------------------------------------
UNITED BISCUITS HOLDINGS P COM G92261125 983 24,500 SOLE 24,500
- --------------------------------------------------------------------------------------------------------------------------------
UNITED PAN-EUROPE COMMS N V SP COM 911300200 1351 10600 SH Defined 01 02 6200 4400
- --------------------------------------------------------------------------------------------------------------------------------
UNITED STATES LEATHER INC COM 912134103 3,867 186,536 SOLE 186,536
- --------------------------------------------------------------------------------------------------------------------------------
UNITED WATER COM 913190104 2,791 49,000 SOLE 49,000
- --------------------------------------------------------------------------------------------------------------------------------
UNITEDGLOBALCOM CL A COM 913247508 1427 20200 SH Sole 20200
- --------------------------------------------------------------------------------------------------------------------------------
UNITEDGLOBALCOM CL A COM 913247508 6716 95100 SH Defined 01 02 23100 72000
- --------------------------------------------------------------------------------------------------------------------------------
UNITY BANCORP INC-DEL (unt COM 913290102 620 33,438 SOLE 33,438
- --------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP COM 915289102 168 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP COM 915289102 68 2013 SH Defined 01 2013
- --------------------------------------------------------------------------------------------------------------------------------
US HOME & GARDEN TRUST I T COM 903316203 1,307 36,400 SOLE 36,400
- --------------------------------------------------------------------------------------------------------------------------------
US WEST INC NEW (usw) COM 91273H101 15,624 237,700 SOLE 237,700
- --------------------------------------------------------------------------------------------------------------------------------
USA NETWORKS INC COM 902984103 552 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
USA NETWORKS INC COM 902984103 94 1700 SH Defined 01 1700
- --------------------------------------------------------------------------------------------------------------------------------
USB HOLDING CO INC COM 902910108 5,364 32,430 SOLE 32,430
- --------------------------------------------------------------------------------------------------------------------------------
UST CORP COM 902900109 741 199,619 SOLE 199,619
- --------------------------------------------------------------------------------------------------------------------------------
USWEB INC COM 917327108 533 71,300 SOLE 71,300
- --------------------------------------------------------------------------------------------------------------------------------
VARIAN MEDICAL SYSTEMS INC COM 92220p105 60 2000 SH Sole 2000
- --------------------------------------------------------------------------------------------------------------------------------
VARIAN MEDICAL SYSTEMS INC COM 92220p105 1310 43945 SH Defined 01 43945
- --------------------------------------------------------------------------------------------------------------------------------
VENTAS INC COM 92276F100 932 259,200 SOLE 259,200
- --------------------------------------------------------------------------------------------------------------------------------
VERTEX COMMUNICATIONS CORP COM 925320103 2,014 18,800 SOLE 18,800
- --------------------------------------------------------------------------------------------------------------------------------
VIACOM HOLDING CL B COM 925524308 604 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
VIACOM HOLDING CL B COM 925524308 745 12322 SH Defined 01 02 566 11756
- --------------------------------------------------------------------------------------------------------------------------------
VIACOM INC COM 925524100 547 9056 SH Defined 01 9056
- --------------------------------------------------------------------------------------------------------------------------------
VIASOFT INC COM 92552U102 313 105,300 SOLE 105,300
- --------------------------------------------------------------------------------------------------------------------------------
VIATEL INC COM 925529208 268 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
VIATEL INC COM 925529208 54 1000 SH Defined 01 1000
- --------------------------------------------------------------------------------------------------------------------------------
VICORP RESTARUANTS INC COM 925817108 2,258 49,898 SOLE 49,898
- --------------------------------------------------------------------------------------------------------------------------------
VISIO CORP COM 927914101 830 86,700 SOLE 86,700
- --------------------------------------------------------------------------------------------------------------------------------
VISKASE COMPANIES INC COM 92831R102 512 66,800 SOLE 66,800
- --------------------------------------------------------------------------------------------------------------------------------
VIVID TECHNOLOGIES INC COM 928538107 940 462,880 SOLE 462,880
- --------------------------------------------------------------------------------------------------------------------------------
VODAFONE AIRTOUCH PLC SPONSORE COM 92857t107 371 7500 SH Defined 01 7500
- --------------------------------------------------------------------------------------------------------------------------------
VORNADO REALTY TRUST COM 929042109 357 11000 SH Defined 01 02 3000 8000
- --------------------------------------------------------------------------------------------------------------------------------
WALDEN RESIDENTIAL PROPERT COM 931210108 148 41,700 SOLE 41,700
- --------------------------------------------------------------------------------------------------------------------------------
WALT DISNEY CO HOLDING CO COM 254687106 1130 38645 SH Defined 01 02 6000 32645
- --------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM 934488107 369 245,400 SOLE 245,400
- --------------------------------------------------------------------------------------------------------------------------------
WASSALL PLC ORD COM G94639146 1,460 21,750 SOLE 21,750
- --------------------------------------------------------------------------------------------------------------------------------
WATKINS JOHNSON CO COM 942486101 112 111,200 SOLE 111,200
- --------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTERNATIONAL COM 947074100 890 27,363 SOLE 27,363
- --------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTERNATIONAL INC COM 947074100 200 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTERNATIONAL INC COM 947074100 2222 55628 SH Defined 01 02 19472 36156
- --------------------------------------------------------------------------------------------------------------------------------
WEIS MARKETS INC COM 948849104 23 26,700 SOLE 26,700
- --------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO & CO-NEW COM 949746101 627 15500 SH Defined 01 15500
- --------------------------------------------------------------------------------------------------------------------------------
WELLSFORD REAL PROPERTIES COM 950240101 262 13,400 SOLE 13,400
- --------------------------------------------------------------------------------------------------------------------------------
WESTINGHOUSE AIR BRAKE CO COM 960386100 276 10,082 SOLE 10,082
- --------------------------------------------------------------------------------------------------------------------------------
WESTPOINT STEVENS INC COM 961238102 1,623 154,400 SOLE 154,400
- --------------------------------------------------------------------------------------------------------------------------------
WHITE CAP INDUSTRIES INC COM 963505102 642 22,300 SOLE 22,300
- --------------------------------------------------------------------------------------------------------------------------------
WICOR INC COM 929253102 6,693 74,100 SOLE 74,100
- --------------------------------------------------------------------------------------------------------------------------------
WILLIAMS COMPANIES INC COM 969457100 306 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
WILLIAMS COMPANIES INC COM 969457100 1033 33800 SH Defined 01 02 5400 28400
- --------------------------------------------------------------------------------------------------------------------------------
WILMAR INDUSTRIES INC COM 971426101 318 22,500 SOLE 22,500
- --------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS INC COM 975515107 374 5000 SH Sole 5000
- --------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS INC COM 975515107 412 5500 SH Defined 01 02 4300 1200
- --------------------------------------------------------------------------------------------------------------------------------
WM WRIGLEY JR CO COM 982526105 746 9000 SH Defined 02 9000
- --------------------------------------------------------------------------------------------------------------------------------
WORLDTALK COMMUNICATIONS C COM 98155G101 172 257,405 SOLE 257,405
- --------------------------------------------------------------------------------------------------------------------------------
WRT CREDITORS LIQUIDATING COM 92931K965 746 126,667 SOLE 126,667
- --------------------------------------------------------------------------------------------------------------------------------
WRT ENERGY CORP WTS COM 92931K130 327 12,000 SOLE 12,000
- --------------------------------------------------------------------------------------------------------------------------------
WTS IGENE BIOTECHNOLOGY INC COM 451695142 0 131414 SH Defined 01 1E+05
- --------------------------------------------------------------------------------------------------------------------------------
XILINX INC COM 983919101 455 10000 SH Sole 10000
- --------------------------------------------------------------------------------------------------------------------------------
XIONICS DOCUMENTS TECHNOLO COM 98412X103 338 405,364 SOLE 405,364
- --------------------------------------------------------------------------------------------------------------------------------
XTRA CORP COM 984138107 962 50,400 SOLE 50,400
- --------------------------------------------------------------------------------------------------------------------------------
YANKEE ENERGY SYSTEM COM 984779108 1,022 40,400 SOLE 40,400
- --------------------------------------------------------------------------------------------------------------------------------
YESMAIL.COM INC COM 98583Q101 72 83,800 SOLE 83,800
- --------------------------------------------------------------------------------------------------------------------------------
ZURICH SF HLDGS INC EARN O COM 98982YAB7 1,049 19,266 SOLE 19,266
- --------------------------------------------------------------------------------------------------------------------------------
AAMES FINCL CORP SUB DEB 5 FIXED 00253AAE1 2,255 47,500 SOLE 47,500
- --------------------------------------------------------------------------------------------------------------------------------
ARCH COMMUNICATION GRP SR FIXED 039381AB4 1 123,000 SOLE 123,000
- --------------------------------------------------------------------------------------------------------------------------------
AUSTRALIAS HLDG PTY SR NT FIXED 05258AAC9 1,171 30,000 SOLE 30,000
- --------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW ENGLAND NOTE 9 FIXED 063840AC6 265 29,550 SOLE 29,550
- --------------------------------------------------------------------------------------------------------------------------------
BARINGS BV - FRN 1/22/01 FIXED LU0001749 7,562 35,000 SOLE 35,000
- --------------------------------------------------------------------------------------------------------------------------------
BUILDERS TRANSPORT 6.5% 5/ FIXED 120084AB4 82 18,220 SOLE 18,220
- --------------------------------------------------------------------------------------------------------------------------------
BUILDERS TRANSPORT 8% 8/15 FIXED 120084AA6 3,339 22,630 SOLE 22,630
- --------------------------------------------------------------------------------------------------------------------------------
CLARIDGE HOT & CASINO 11.7 FIXED 180476AA1 1,005 21,620 SOLE 21,620
- --------------------------------------------------------------------------------------------------------------------------------
COLOR TILE INC SR NT 10.75 FIXED 196267AD0 723 221,350 SOLE 221,350
- --------------------------------------------------------------------------------------------------------------------------------
COLOR TILE TERM NOTES FIXED NOT AVAIL 539 3,169 SOLE 3,169
- --------------------------------------------------------------------------------------------------------------------------------
CONXUS COMMUNICATIONS SR N FIXED 212876AA4 1,823 65,000 SOLE 65,000
- --------------------------------------------------------------------------------------------------------------------------------
DECISIONONE CORP SR.NT 8/1 FIXED 243456AA8 2 29,150 SOLE 29,150
- --------------------------------------------------------------------------------------------------------------------------------
DISCOVERY ZONE INC SR SECD FIXED 25468BAF4 6,574 248,150 SOLE 248,150
- --------------------------------------------------------------------------------------------------------------------------------
EINSTEIN/NOAH BAGEL CORP 7 FIXED 282577AC9 380 20,560 SOLE 20,560
- --------------------------------------------------------------------------------------------------------------------------------
FPA MEDICAL MGMT 6.5% 12/1 FIXED 302543AD5 76 367,600 SOLE 367,600
- --------------------------------------------------------------------------------------------------------------------------------
GENEVA STEEL SR NOTE 1/15/ FIXED 372252AC0 1,124 52,000 SOLE 52,000
- --------------------------------------------------------------------------------------------------------------------------------
GENEVA STEEL SR NOTE 3/15/ FIXED 372252AA4 123 47,170 SOLE 47,170
- --------------------------------------------------------------------------------------------------------------------------------
HMT TECHNOLOGY SUB NT CV 1 FIXED 403917AD9 406 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
IN-FLIGHT PHONE CORP 14% 5 FIXED 45322KAC5 51 60,500 SOLE 60,500
- --------------------------------------------------------------------------------------------------------------------------------
INTL SEMI TECH MICRO SR 0% FIXED 46031KAA9 1,236 14,770 SOLE 14,770
- --------------------------------------------------------------------------------------------------------------------------------
IONICA PLC SR DISC NTS 5/1 FIXED 462213AK5 160 11,500 SOLE 11,500
- --------------------------------------------------------------------------------------------------------------------------------
IRIDIUM LLC/CAPITAL SR NT FIXED 46268KAJ4 3,536 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
JAZZ CASINO CO SR NT 8% 11 FIXED 472143AA4 3,525 9,157 SOLE 9,157
- --------------------------------------------------------------------------------------------------------------------------------
JAZZ CASINO SR CONTING NT FIXED 472143AB2 2,062 13,039 SOLE 13,039
- --------------------------------------------------------------------------------------------------------------------------------
LEVITZ FURN CORP SR NT 13. FIXED 527480AJ6 1,943 20,870 SOLE 20,870
- --------------------------------------------------------------------------------------------------------------------------------
LOMAS FINCL CORP NEW 9% 10 FIXED 5415359A0 984 27,500 SOLE 27,500
- --------------------------------------------------------------------------------------------------------------------------------
LOUISIANA ST AG FIN AUTH 8 FIXED 546418AB0 1,364 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
MARINER POST ACUTE NETWORK FIXED 568459AB7 680 59,000 SOLE 59,000
- --------------------------------------------------------------------------------------------------------------------------------
MASS ST INDL FIN AGY 8/1/1 FIXED 575857AZO 540 32,650 SOLE 32,650
- --------------------------------------------------------------------------------------------------------------------------------
MOBIL ENERGY SVC CO 8.665% FIXED 607358AA6 2,316 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
NORTH AMERICAN VACCINE 6.5 FIXED 657201AA7 7,002 21,700 SOLE 21,700
- --------------------------------------------------------------------------------------------------------------------------------
NORTHWESTERN STEEL & WIRE FIXED 668367AD7 75 5,000 SOLE 5,000
- --------------------------------------------------------------------------------------------------------------------------------
PAGING NETWORK SR SUB NT 8 FIXED 695842AC4 39 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
PATHMARK STORES SUB NT 6/1 FIXED 70321BAA8 113 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
SAFELITE GLASS SR NT 12/15 FIXED 786450ACO 5 50,950 SOLE 50,950
- --------------------------------------------------------------------------------------------------------------------------------
SELLCO CORP 12% 12/15/04 ( FIXED 81641KAA8 0 91,609 SOLE 91,609
- --------------------------------------------------------------------------------------------------------------------------------
SFAC NEW HLDGS 0% 6/15/09 FIXED 78411NAA6 860 27,586 SOLE 27,586
- --------------------------------------------------------------------------------------------------------------------------------
SMARTALK CONV SUB NT 9/15/ FIXED 83169AAC4 175 20,850 SOLE 20,850
- --------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA SR NTS 11/1/0 FIXED 836153AC0 370 19,850 SOLE 19,850
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHEAST BK CORP 10.5% 4/ FIXED 841338AD8 912 20,000 SOLE 20,000
- --------------------------------------------------------------------------------------------------------------------------------
SUNBEAM CORP CV 0% 3/25/18 FIXED 867071AA0 0 72,500 SOLE 72,500
- --------------------------------------------------------------------------------------------------------------------------------
TRANS WORLD AIRLINE 8% 11/ FIXED 893349AV2 545 10,000 SOLE 10,000
- --------------------------------------------------------------------------------------------------------------------------------
TRUMPS CASTLE 11.75% 11/15 FIXED 898178AE8 8,210 4,484 SOLE 4,484
- --------------------------------------------------------------------------------------------------------------------------------
TV FILME SR NT 12.875 DUE FIXED 873071AC8 105 24,000 SOLE 24,000
- --------------------------------------------------------------------------------------------------------------------------------
USN COMM SR NTS SER B 8/15 FIXED 90336NAC9 280 479,510 SOLE 479,510
- --------------------------------------------------------------------------------------------------------------------------------
WRT ENERGY CORP 13.875% 3/ FIXED 92931KAB2 1,675 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
AT&T JAN 50 PUT PUT 0019579M3 0 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD JAN 85 PUT 0488259M7 0 15,000 SOLE 15,000
- --------------------------------------------------------------------------------------------------------------------------------
CASE CORP JAN 40 PUT PUT 14743R9M7 4,180 12,500 SOLE 12,500
- --------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATION APR 27 PUT 7491219P6 2,148 24,000 SOLE 24,000
- --------------------------------------------------------------------------------------------------------------------------------
RUSSELL INDX 2000 JAN 465 PUT 1248359M3 1,775 74,000 SOLE 74,000
- --------------------------------------------------------------------------------------------------------------------------------
SCANA CORP FEB 30 PUT PUT 8058989N5 2,833 32,000 SOLE 32,000
- --------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA JAN 05 PUT PUT 8361539M0 1,927 17,000 SOLE 17,000
- --------------------------------------------------------------------------------------------------------------------------------
REPORT TOTAL 667 DATA RECORDS 857,040 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
