----------------------------
OMB APPROVAL
----------------------------
OMB Number: 3235008
Expires: February 28, 1997
Estimated average burden
hours per response.....24.60
----------------------------
SEC USE ONLY
----------------------------
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended March 31, 2000
- --------------------------------------------------------------------------------
(Please read instructions before preparing form.)
- --------------------------------------------------------------------------------
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)
Edward Campbell 212-483-7078 Vice President
- --------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report
ATTENTION
- --------------------------------------------------------------------------------
Intentional misstatements of omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
- --------------------------------------------------------------------------------
The intitutional investment manager submitting this form and its attachments and
the person by whom it is signed represent hereby that all information contained
herein is true, correct and complete. It is understood that all required items,
statements, and schedules, are considered integral parts of this Form and that
the submission of any amendment represents that all unamended items, statements,
and schedules remain true, correct and complete as previosly submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned
institutional investment manager has cuased this report to be signed on its
behalf in the City of New York and State of New York on the ____ day of
_________.
Loeb Arbitrage Management Inc.
------------------------------------------
(Name of Institutional Investment Manager)
/s/ EDWARD CAMPBELL
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.:
------------------------ ------------- ------------------- -------------
1. Loeb Partners Corp. 6.
------------------------ ------------- ------------------- -------------
2. Loeb Partners Mgmt. Inc. 7.
------------------------ ------------- ------------------- -------------
3. 8.
------------------------ ------------- ------------------- -------------
4. 9.
------------------------ ------------- ------------------- -------------
5. 10.
------------------------ ------------- ------------------- -------------
<PAGE>
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OMB APPROVAL
----------------------------
OMB Number:
Expires:
Estimated average burden
hours per response.....
----------------------------
SEC USE ONLY
----------------------------
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended March 31, 2000
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)
5/12/99 New York, N.Y.
------------------------------------------
(Place and Date of Signing)
Report Type:
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
ECLIPSYS CORP JUNE 30 CALL CALL 2788569F8 12 15,000 SOLE 15,000
I-STAT CORP JULY 17.5 CALL CALL 4503129GO 107 45,000 SOLE 45,000
KEYSPAN ENERGY MAY 30 CALL CALL 49337W9E2 23 92,000 SOLE 92,000
KEYSPAN ENERGY MAY 35 CALL CALL 49337W9E2 3 20,000 SOLE 20,000
RUSSELL 2000 INDX APR 550 CALL 60599W9D4 1,016 65,000 SOLE 65,000
US FOOD SERVICE APRIL 17.5 CALL 90331R9D5 122 15,000 SOLE 15,000
ACKERLEY GROUP INC (FORMERLY A COM 004527107 183 12100 SH Sole 12100
ACKERLEY GROUP INC (FORMERLY A COM 004527107 60 4000 SH Defined 01 4000
ADELPHIA BUSINESS SOLUTIONS IN COM 006847107 616 10000 SH Sole 10000
ADELPHIA COMMUNICATIONS CORP C COM 006848105 294 6000 SH Sole 6000
ADELPHIA COMMUNICATIONS CORP C COM 006848105 1081 22053 SH Defined 01 22053
ADVANCED TECHNICAL PRODUCT COM 007548100 42 10,779 SOLE 10,779
AERIAL COMMUNICATIONS INC COM 007655103 5,076 87,800 SOLE 87,800
AEROSPACE CREDITORS LIQD T COM 008017105 0 80,000 SOLE 80,000
AETNA INC COM 008117103 6,404 115,000 SOLE 115,000
AFFYMETRIX INC COM 00826t108 297 2000 SH Sole 2000
AFLAC INC COM 001055102 911 19994 SH Defined 01 19994
AGRA INC COM 008489502 158 14,500 SOLE 14,500
AIRPORT SYSTEMS INTL INC ( COM 00949N103 106 42,300 SOLE 42,300
ALCIDE CORP NEW COM 013742507 446 24790 SH Defined 01 02 296 24494
ALEXION PHARMACEUTICALS INC COM 015351109 209 3000 SH Sole 3000
ALIGN-RITE INTL INC COM 016251100 525 19,100 SOLE 19,100
ALLTEL CORP COM 020039103 448 7099 SH Defined 01 02 4000 3099
ALZA CORP COM 022615108 301 8000 SH Sole 8000
ALZA CORP COM 022615108 4 100 SH Defined 01 100
AMC FINANCIAL INC COM 001642107 140 46,529 SOLE 46,529
AMCOL INTERNATIONAL CORP ( COM 02341W103 1,725 112,200 SOLE 112,200
AMERICA ONLINE INC-DEL COM 02364j104 648 9630 SH Defined 01 9630
AMERICA SERVICE GROUP INC COM 02364L109 1,034 71,300 SOLE 71,300
AMERICAN BLIND COM NOT AVAIL 35 35,200 SOLE 35,200
AMERICAN COMMUNICATIONS & COM 025201104 0 20000 SH Defined 01 20000
AMERICAN EXPRESS COMPANY COM 025816109 201 1350 SH Defined 01 300 1050
AMERICAN HOME PRODUCTS COR COM 026609107 1,480 27,600 SOLE 27,600
AMERICAN INDEMINITY CORP E COM 026759993 17 17,300 SOLE 17,300
AMERICAN INTERNATIONAL GRO COM 026874107 0 252,551 SOLE 252,551
AMERICAN INTERNATIONAL GROUP I COM 026874107 1095 10000 SH Sole 10000
AMERICAN INTERNATIONAL GROUP I COM 026874107 4858 44365 SH Defined 01 44365
AMERICAN INTL GRP RSTD COM 026874107 0 10,978 SOLE 10,978
AMERICAN MED ELECTRONICS S COM 027425891 0 124,900 SOLE 124,900
AMERICAN MED ELECTRONICS S COM 027425958 0 124,900 SOLE 124,900
</TABLE>
Page 1 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
AMERICAN PACIFIC CORP COM 028740108 589 83,400 SOLE 83,400
AMFM INC COM 001693100 360 5800 SH Defined 01 02 4000 1800
AMFM INC (afm) COM 001693100 5,023 80,851 SOLE 80,851
AMGEN INC W/RTS TO PUR COM STK COM 031162100 771 12560 SH Defined 01 02 11760 800
ANACOMP INC COM 032371106 987 63,700 SOLE 63,700
APPLIED MATERIALS INC COM 038222105 800 8488 SH Defined 01 02 7288 1200
ARCADIA FINANCIAL LTD COM 039101100 1,025 205,000 SOLE 205,000
ARCH COMM GROUP WTS EXP 9/ COM 039381116 141 125,000 SOLE 125,000
ARCH COMMUNICATIONS GROUP COM 039381504 2,270 292,893 SOLE 292,893
ARLEN CORP COM 041327107 0 10500 SH Defined 01 10500
ASHANTI GOLDFIELDS CO LTD COM 043743202 64 30,000 SOLE 30,000
ASK ASA INC COM R03764108 213 20,000 SOLE 20,000
ASPECT DEVELOPMENT INC COM 045234101 2,320 36,000 SOLE 36,000
ASTROSYSTEMS INC IN LIQD ( COM 046465100 83 82,213 SOLE 82,213
AT&T CORP COM 001957109 2245 39918 SH Defined 01 02 6900 33018
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 950 16035 SH Sole 16035
AT&T CORP LIBERTY MEDIA GROUP COM 001957208 16048 270848 SH Defined 01 02 38032 232816
ATLAS STEELS INC UTS 100 B COM NOT AVAIL 687 20,808 SOLE 20,808
ATMEL CORP COM 049513104 774 15000 SH Sole 15000
AVALONBAY COMMUNITIES INC COM 053484101 295 8050 SH Defined 01 8050
AVANT IMMUNOTHER INC WTS ( COM 053491114 64 15,509 SOLE 15,509
AXA FINL INC COM 002451102 603 16800 SH Defined 01 02 5000 11800
AXSYS TECHNOLOGIES INC COM 054615109 1,591 106,934 SOLE 106,934
BAKER HUGHES INC COM 057224107 302 10000 SH Sole 10000
BAKER HUGHES INC COM 057224107 60 2000 SH Defined 01 2000
BALLANTYNE OF OMAHA INC COM 058516105 155 41,400 SOLE 41,400
BANCO RIO DE LA PLATA SPD COM 059644104 1,093 76,400 SOLE 76,400
BANK OF AMER CORP COM 060505104 458 8728 SH Defined 01 8728
BANK OF NEW YORK CO INC COM 064057102 10179 244916 SH Defined 01 02 191716 53200
BANKNORTH GROUP INC NEW-DE COM 06646L100 284 10,600 SOLE 10,600
BARNETT INC COM 068062108 858 78,000 SOLE 78,000
BAXTER INTERNATIONAL INC COM 071813109 221 3700 SH Defined 01 02 2000 1700
BAXTER INTL INC CNT PMT RT COM 071813125 36 180,931 SOLE 180,931
BCE INC COM 05534B109 8,781 70,000 SOLE 70,000
BEC ENERGY COM COM 05534b109 1819 14500 SH Defined 01 02 10600 3900
BECTON DICKINSON & CO COM 075887109 347 13200 SH Defined 01 02 12800 400
BELL ATLANTIC CORP COM 077853109 277 4524 SH Defined 01 4524
BELLSOUTH CORP COM 079860102 271 5760 SH Defined 01 5760
BEN & JERRY CL A COM 81465106 1,007 30,000 SOLE 30,000
BESTFOODS COM 08658u101 281 6000 SH Defined 02 6000
</TABLE>
Page 2 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
BF REALTY HOLDINGS LTD COM 05540l109 0 32000 SH Defined 01 32000
BOC GROUP PLC SPD ADR COM 055617609 3,164 78,600 SOLE 78,600
BOISE CASCADE OFFICE PRODU COM 097403109 2,702 165,000 SOLE 165,000
BORDEN CHEMICALS & PLASTIC COM 099541203 211 47,500 SOLE 47,500
BP AMOCO P L C SPONSORED ADR COM 055622104 2148 40482 SH Defined 01 02 37310 3172
BRANDYWINE REALTY TRUST-SBI NE COM 105368203 205 12000 SH Defined 01 1300 10700
BRIDGESTREET ACCOMODATIONS COM 108452103 203 77,200 SOLE 77,200
BRISTOL HOTEL & RESOURTS I COM 110041100 1,568 165,000 SOLE 165,000
BRISTOL MYERS SQUIBB CO COM 110122108 2512 43500 SH Defined 01 02 12800 30700
BROADWING INC COM 111620100 355 9548 SH Defined 02 01 8500 1048
BRT REALTY TRUST SBI-NEW COM 055645303 265 35300 SH Defined 01 02 4000 31300
BURLINGTON MOTOR CARRIERS COM 121866206 214 268 SOLE 268
BURLINGTON RESOURCES INC COM 122014103 296 8000 SH Sole 8000
BURLINGTON RESOURCES INC COM 122014103 289 7804 SH Defined 01 02 4586 3218
C2 INC COM 126948108 831 151,010 SOLE 151,010
CABLE & WIRELESS COMMUNI- COM 12682p104 206 2424 SH Defined 01 2424
CALIFORNIA CULINARY ACADEM COM 129905105 1,131 220,780 SOLE 220,780
CAMERON ASHLEY BLDG PROD I COM 133290106 3,812 221,000 SOLE 221,000
CARLYLE INDUSTRIES INC COM 143093102 55 76,137 SOLE 76,137
CAROLINA FINCORP INC COM 143874105 325 36,397 SOLE 36,397
CAROLINA FIRST BANCSHARES COM 143875102 988 34,887 SOLE 34,887
CARSON INC CL A (cic) COM 145845103 1,106 252,900 SOLE 252,900
CARTER WALLACE INC COM 146285101 563 30,000 SOLE 30,000
CBS CORP COM 12490K107 2,346 41,428 SOLE 41,428
CBS CORP COM 12490k107 566 10000 SH Sole 10000
CBS CORP COM 12490k107 2938 51882 SH Defined 01 02 5800 46082
CCC INFORMATION SERVICES GROUP COM 12487q109 301 14000 SH Sole 14000
CCC INFORMATION SERVICES GROUP COM 12487q109 2242 104264 SH Defined 01 800 103464
C-CUBE MICROSYSTEMS INC COM 125015107 4,361 59,900 SOLE 59,900
CELESTIAL SEASONINGS INC COM 151016102 1,396 40,600 SOLE 40,600
CEM CORP COM 125165100 512 49,383 SOLE 49,383
CENDANT CORP COM 151313103 185 10000 SH Sole 10000
CENTENNIAL HEALTHCARE CORP COM 150937100 1,145 223,450 SOLE 223,450
CENTRAL & SOUTH WEST CORP COM 152357109 341 20,000 SOLE 20,000
CENTRAL BANKING SYSTEMS IN COM 152609103 0 206,296 SOLE 206,296
CENTRAL REALTY INVESTORS INC COM 155052103 0 13000 SH Defined 01 13000
CHAMPION INTL CORP COM 158525105 5,991 112,500 SOLE 112,500
CHAMPS ENTERTAINMENT INC COM 158787101 911 211,300 SOLE 211,300
CHARTER FEDERAL SAVINGS BA COM 161223987 6 92,230 SOLE 92,230
CHASE MANHATTAN CORP NEW COM 16161a108 872 10000 SH Sole 10000
</TABLE>
Page 3 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
CHASE MANHATTAN CORP NEW COM 16161a108 710 8138 SH Defined 01 02 1306 6832
CHAUVCO RESOURCES INTL LTD COM G19472102 0 133,256 SOLE 133,256
CHESAPEAKE ENERGY CORP COM 165167107 81 25000 SH Defined 01 25000
CHEVRON CORP COM 166751107 758 8200 SH Defined 01 02 7000 1200
CHICAGO RIVET & MACHINE CO COM 168088102 262 11,900 SOLE 11,900
CHRIS-CRAFT INDUSTRIES INC COM 170520100 393 6174 SH Defined 02 6174
CHUBB CORP COM 171232101 404 5976 SH Defined 01 494 5482
CISCO SYSTEMS INC COM 17275r102 5711 73868 SH Defined 01 02 12000 61868
CITIGROUP INC COM 172967101 890 15000 SH Sole 15000
CITIGROUP INC COM 172967101 4856 81865 SH Defined 01 02 62848 19017
CITIZENS UTILITIES CO SER B COM 177342201 826 50451 SH Sole 50451
CITIZENS UTILITIES CO SER B COM 177342201 6291 384179.956 SH Defined 01 02 102233.995 281945.961
CLOROX CO COM 189054109 559 17200 SH Defined 01 02 6300 10900
CMP GROUP COM 125887109 583 20,000 SOLE 20,000
CNA SURETY CORPN (sur) COM 12612L108 1,359 97,500 SOLE 97,500
COAST BANCORP-CALIF COM 190297101 587 23,718 SOLE 23,718
COAST FEDERAL LITIG RTS COM 19034Q110 185 134,300 SOLE 134,300
COASTAL CORP COM 190441105 3,100 67,400 SOLE 67,400
COLUMBIA ENERGY GROUP (cg) COM 197648108 16,685 281,600 SOLE 281,600
COLUMBIAN NORTHLAND EXPL COM 198675100 0 27300 SH Sole 27300
COMCAST CORP SPECIAL CL A COM 200300200 447 10,327 SOLE 10,327
COMDISCO INC COM 200336105 1187 26900 SH Defined 01 26900
COMMERCIAL ASSETS INC COM 201119104 334 68,600 SOLE 68,600
COMMERCIAL INTERTECH CORP COM 204709102 4,440 225,500 SOLE 225,500
COMMONWEALTH TELEPHONE ENTERPR COM 203349105 376 8000 SH Sole 8000
COMMONWEALTH TELEPHONE ENTERPR COM 203349105 188 4000 SH Defined 01 4000
COMPAQ COMPUTER CORP COM 204493100 346 13000 SH Sole 13000
COMPAQ COMPUTER CORP COM 204493100 27 1000 SH Defined 01 1000
COMPTEK RESEARCH INC COM 204682108 549 39,600 SOLE 39,600
COMSAT SERIES 1 COM 20564D107 2,095 101,579 SOLE 101,579
CONCENTRIC NETWORK CORP DE COM 20589R107 7,042 128,040 SOLE 128,040
CONNING CORP COM 208215103 2,803 226,537 SOLE 226,537
CONOCO INC CL B COM 208251405 3,249 126,804 SOLE 126,804
CONSOLIDATED PAPERS INC COM 209759109 2,883 75,000 SOLE 75,000
CONSUMERS FINANCIAL CORP COM 210520102 2 25,768 SOLE 25,768
CONVERGYS CORP COM 212485106 328 8500 SH Defined 02 8500
CORECOMM LIMITED COM g2422r109 330 7500 SH Sole 7500
CROWN CASTLE INTL CORP COM 228227104 227 6000 SH Defined 01 02 4000 2000
CROWN CENTRAL PETROLEUM CL COM 228219309 87 10,100 SOLE 10,100
CROWN CENTRAL PETROLEUM CO COM 228219101 175 20,300 SOLE 20,300
</TABLE>
Page 4 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
CROWN PACIFIC PARTNERS LP COM 228439105 1,150 53,500 SOLE 53,500
CSF HOLDINGS ESCROW COM 126335991 0 27,350 SOLE 27,350
CTG RESOURCES INC COM 125957100 8,036 216,100 SOLE 216,100
CTV INC COM 12650F104 342 12,900 SOLE 12,900
CVC INC COM 126945104 2,403 76,900 SOLE 76,900
DATA BROADCASTING CORP COM 237596101 76 10000 SH Sole 10000
DATA TRANSMISSION NETWORK COM 238017107 2,127 74,615 SOLE 74,615
DBL LIQUIDATING TRUST (dbl COM 233038108 0 13,000 SOLE 13,000
DBT ONLINE INC COM 233044106 371 20,000 SOLE 20,000
DEAN FOODS CO COM 242361103 655 24,500 SOLE 24,500
DELL COMPUTER CORP COM 247025109 539 10000 SH Sole 10000
DELL COMPUTER CORP COM 247025109 49 900 SH Defined 01 900
DELTA & PINE LAND CO COM 247357106 6,219 314,900 SOLE 314,900
DESTRON FEARING CORP COM 250637105 931 171,205 SOLE 171,205
DEXTER CORP COM 252165105 530 10,000 SOLE 10,000
DIGITAL ORIGIN INC COM 25385X109 4,645 252,800 SOLE 252,800
DIGITAL RIVER INC COM 25388b104 107 5000 SH Sole 5000
DIGITAL RIVER INC COM 25388b104 107 5000 SH Defined 01 5000
DII GROUP INC COM 232949107 9,007 80,200 SOLE 80,200
DIME BANKCORP NEW (dme) COM 25429Q102 5,176 279,800 SOLE 279,800
DOW JONES & CO INC COM 260561105 610 8500 SH Defined 02 8500
DUFF & PHELPS CREDIT REATI COM 26432F109 6,260 62,800 SOLE 62,800
DUN & BRADSTREET CORP DEL COM 26483b106 679 23712 SH Defined 01 02 14412 9300
DYNASTY CLASSICS COM 268127107 0 14,415 SOLE 14,415
EASTERN ENTERPRISES INC COM 27637F100 11,618 194,041 SOLE 194,041
EBS BUILDING LLC RSTD CL A COM NOT AVAIL 1,542 734,222 SOLE 734,222
EBS LITIGATION LLC RSTD CL COM NOT AVAIL 353 1,176,937 SOLE 1,176,937
EBS PENSION LLC RSTD CL A COM NOT AVAIL 533 1,184,616 SOLE 1,184,616
ECLIPSYS CORP COM 278856109 338 17,800 SOLE 17,800
EDISON INTERNATIONAL COM 281020107 214 12943 SH Defined 01 02 5800 7143
EFTC CORP COM 268443108 25 10,000 SOLE 10,000
EI DUPONT DE NEMOURS & CO COM 263534109 529 10000 SH Sole 10000
EI DUPONT DE NEMOURS & CO COM 263534109 6 110 SH Defined 01 110
EIRCOM PLC COM 28257P105 373 21,000 SOLE 21,000
EL PASO ENERGY CORP COM 283905107 674 16700 SH Defined 01 02 12000 4700
ELDER BEERMAN STORES CP COM 284470101 60 10,438 SOLE 10,438
ELECTRONIC DATA SYSTEMS CORP COM 285661104 321 5000 SH Sole 5000
ELECTRONIC DATA SYSTEMS CORP COM 285661104 45 700 SH Defined 01 700
ELITE INFORMATION GROUP IN COM 28659M106 192 20,600 SOLE 20,600
EMC CORP-MASS COM 268648102 2987 23900 SH Defined 01 02 15400 8500
</TABLE>
Page 5 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
EMMIS COMMUNICATIONS CORP-CL A COM 291525103 465 10000 SH Defined 01 02 6000 4000
ENCOMPASS SERVICES CORP COM 29255U104 1,272 221,282 SOLE 221,282
END OF THE ROAD TRUST CL A COM 292567104 608 450,092 SOLE 450,092
ENERGYNORTH INC COM 292925104 1,967 33,700 SOLE 33,700
ENEX RESOURCES COM 292744208 48 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 12,971 129,950 SOLE 129,950
ESKIMO PIE CORP COM 296443104 1,566 189,844 SOLE 189,844
ETEC SYSTEMS COM 26922C103 612 5,000 SOLE 5,000
E-TOWN CORP COM 269242103 1,594 25,200 SOLE 25,200
EVEREST MED CORP COM 299806109 870 185,500 SOLE 185,500
EXACTIS.COM INC COM 30064G104 2,160 99,300 SOLE 99,300
EXIDE CORP COM 302051107 177 15,000 SOLE 15,000
EXODUS COMMUNICATIONS INC COM 302088109 225 1600 SH Defined 01 1600
EXTREME NETWORKS INC COM 30226d106 237 3000 SH Sole 3000
EXXON MOBIL CORP COM 30231g102 983 12631 SH Defined 01 02 8949 3682
FALL RIVER GAS CO (fal) COM 306279100 2,176 101,200 SOLE 101,200
FANNIE MAE COM 313586109 237 4200 SH Defined 01 4200
FAROUDJA INC COM 311643100 728 135,500 SOLE 135,500
FARR CO COM 311648109 1,834 107,500 SOLE 107,500
FIDELITY NATIONAL FINANCIA COM 316326107 2,491 180,335 SOLE 180,335
FINANCIAL FEDERAL CORP COM 317492106 1025 56377 SH Defined 01 1050 55327
FINANCIAL SECURITY ASSURAN COM 31769P100 4,406 60,000 SOLE 60,000
FIRST SAVINGS BANCORP INC COM 335939104 171 12,100 SOLE 12,100
FIRST SECURITY CORP DEL COM 336294103 648 54,000 SOLE 54,000
FIRST SENTINEL BANCORP INC COM 33640T103 312 40,915 SOLE 40,915
FIRSTAR CORP WIS-NEW COM 33763v109 248 10800 SH Defined 01 10800
FLASHNET COMMUNICATIONS IN COM 338527104 945 188,939 SOLE 188,939
FLEXTRONICS INTERNATIONAL LTD COM y2573f102 352 5000 SH Sole 5000
FOAMEX INTERNATIONAL INC COM 344123104 530 56,525 SOLE 56,525
FOUR MEDIA CO (four) COM 350872107 1,255 81,969 SOLE 81,969
FPL GROUP INC COM 302571104 1,152 25,000 SOLE 25,000
FRESNIUS MED CARE HDLGS PF COM 358030203 0 225,600 SOLE 225,600
FUELCELL ENERGY INC COM 35952h106 233 3000 SH Defined 01 02 2250 750
GANNETT CO INC COM 364730101 225 3200 SH Defined 02 3200
GENERAL CIGAR HOLDINGS INC COM 36933P100 1,274 84,200 SOLE 84,200
GENERAL ELECTRIC CO COM 369604103 1552 10000 SH Sole 10000
GENERAL ELECTRIC CO COM 369604103 2904 18715 SH Defined 01 02 1300 17415
GENERAL MOTORS COM 370442105 10,352 125,000 SOLE 125,000
GENERAL MOTORS CORP CL H COM 370442832 3094 24850 SH Defined 01 02 8250 16600
</TABLE>
Page 6 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
GENSTAR INTERNATIONAL GROU COM G3788V106 679 7,900 SOLE 7,900
GENTIVA HEALTH SERVICES IN COM 37247A102 204 28,499 SOLE 28,499
GENZYME SURGICAL PRODS DIVISIO COM 372917609 117 10000 SH Sole 10000
GENZYME SURGICAL PRODS DIVISIO COM 372917609 47 4000 SH Defined 01 4000
GIBRALTAR STEEL CORP COM 37476F103 401 24,400 SOLE 24,400
GILAT SATELLITE NETWORKS COM m51474100 224 1907 SH Defined 02 1907
GILLETTE CO COM 375766102 375 9944 SH Defined 01 02 4400 5544
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 266 13000 SH Sole 13000
GLOBAL LIGHT TELECOMMUNICATION COM 37934x100 193 9400 SH Defined 01 9400
GLOBE BUSINESS RESOURCES I COM 379395106 691 55,000 SOLE 55,000
GOLD BANC CORP INC COM 379907108 107 16,157 SOLE 16,157
GOLDEN BOOKS FAMILY ENTERT COM 380804203 478 273,143 SOLE 273,143
GOLDEN STATE BANCORP WTS COM 381197136 242 184,599 SOLE 184,599
GRAND UN CO COM 386532402 189 65,200 SOLE 65,200
GREEN MOUNTAIN POWER CORP COM 393154109 322 48,100 SOLE 48,100
GTE CORP COM 362320103 710 10000 SH Sole 10000
GTE CORP COM 362320103 1680 23662 SH Defined 01 02 5762 17900
GULFMARK INTERNATIONAL INC COM 402629109 864 41780 SH Defined 01 02 7600 34180
GULFPORT ENERGY NEW (gpor) COM 402635304 101 34,967 SOLE 34,967
HALLIBURTON CO COM 406216101 328 8000 SH Defined 01 8000
HANNAFORD BROS CO COM 410550107 15,650 212,200 SOLE 212,200
HARCOURT GENERAL INC COM 41163g101 298 8000 SH Defined 01 8000
HARDING LAWSON ASSOC COM 412293102 483 45,500 SOLE 45,500
HARMAN INTERNATIONAL INDUSTRIE COM 413086109 300 5000 SH Sole 5000
HARMONIC INC COM 413160102 366 4400 SH Defined 02 4400
HARTFORD LIFE INC-CL A COM 416592103 4,219 90,000 SOLE 90,000
HASBRO INC COM 418056107 5,875 340,600 SOLE 340,600
HAYES LEMMERZ INTERNATIONA COM 420781106 2,658 139,000 SOLE 139,000
HEALTHPLAN SERVICES CORP COM 421959107 1,280 276,800 SOLE 276,800
HEWLETT PACKARD CO COM 428236103 1127 8500 SH Defined 01 02 3500 5000
HIBERNIA CORP-CL A COM 428656102 470 44,755 SOLE 44,755
HILLS STORE COMPANY CONT R COM 431COM991 0 500,000 SOLE 500,000
HILLS STORES CO (EXCH) 12. COM 431DEF9C8 0 2,250,000 SOLE 2,250,000
HILTON HOTELS CORP COM 432848109 239 30,779 SOLE 30,779
HOGG ROBINSON PLC COM GB0004304 39 10,000 SOLE 10,000
HOLLINGER INTERNATIONAL INC CL COM 435569108 183 17000 SH Defined 01 02 12000 5000
HOLLY CORP NEW COM 435758305 144 12,500 SOLE 12,500
HOME DEPOT INC COM 437076102 1027 15925 SH Defined 01 02 6000 9925
HOME PRODUCTS INTERNATIONA COM 437305105 2,120 190,548 SOLE 190,548
HOMEFED CORP NEW (hfdc) COM 43739D208 30 47,477 SOLE 47,477
</TABLE>
Page 7 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
HOMEPLACE AMER INC COM 43739X105 591 152,411 SOLE 152,411
HOMEPLACE OF AMERICA INC COM NOT AVAIL 94 24,157 SOLE 24,157
HOST MARRIOTT CORP-NEW REIT COM 44107p104 266 29978 SH Defined 01 02 4348 25630
HOWMET INTERNATIONAL INC COM 443208103 793 39,300 SOLE 39,300
HUMPHREY HOSPITALITY TR IN COM 445467103 428 64,602 SOLE 64,602
ICG COMMUNICATIONS INC-DEL COM 449246107 361 10000 SH Sole 10000
IMS HEALTH INC COM 449934108 573 33824 SH Defined 01 02 28824 5000
INCO LTD CL VBN (VOYSEY BA COM 453258709 258 52,400 SOLE 52,400
INDEPENDENT BANKSHARES INC COM 453841207 259 14,400 SOLE 14,400
INFERENCE CORP CL A COM 45662K109 60 10,000 SOLE 10,000
INPRISE CORP (inpr) COM 45766C102 1,088 159,700 SOLE 159,700
INSURANCE AUTO AUCTIONS IN COM 457875102 164 10,000 SOLE 10,000
INTEL CORP COM 458140100 1715 13000 SH Sole 13000
INTEL CORP COM 458140100 33 250 SH Defined 01 250
INTERLEAF INC COM 458729209 3,488 74,800 SOLE 74,800
INTERLINQ SOFTWARE CORP COM 458753100 387 77,425 SOLE 77,425
INTERMAGNETICS GENERAL CORP COM 458771102 248 14598 SH Defined 01 14598
INTERMEDIA COMMUNICATIONS INC COM 458801107 1097 22700 SH Sole 22700
INTERMEDIA COMMUNICATIONS INC COM 458801107 2807 58100 SH Defined 01 02 9200 48900
INTERNATIONAL BUSINESS MACHINE COM 459200101 940 7968 SH Defined 01 02 944 7024
INTERPUBLIC GROUP OF COS INC COM 460690100 553 11696 SH Defined 01 11696
INTERVU INC COM 46114R106 3,476 38,620 SOLE 38,620
IPC COMMUNICATIONS INC COM 44980K206 6,695 32,500 SOLE 32,500
ISIS PHARMACEUTICALS INC COM 464330109 1137 80855 SH Defined 01 80855
ITC DELTACOM INC COM 45031t104 178 5000 SH Sole 5000
ITC DELTACOM INC COM 45031t104 256 7200 SH Defined 01 7200
ITI TECHNOLOGIES INC COM 450564109 1,491 49,800 SOLE 49,800
IXNET INC COM 46601C109 5,597 122,500 SOLE 122,500
JACKPOT ENTERPRISES INC COM 466392107 166 10000 SH Sole 10000
JACKPOT ENTERPRISES INC COM 466392107 8 500 SH Defined 01 500
JANNOCK PROPERTIES LTD COM 470890104 53 88,700 SOLE 88,700
JOHN HANCOCK BANK & THRIFT OPP COM 409735107 375 54000 SH Defined 01 54000
JOHNSON & JOHNSON COM 478160104 2368 33800 SH Defined 01 02 8400 25400
JOHNSTON INDUSTRIES INC COM 479368102 289 105,000 SOLE 105,000
JOSTENS INC. COM 481088102 617 25,300 SOLE 25,300
JUNO LIGHTING INC (juno) COM 482047206 233 26,301 SOLE 26,301
KDI CORP-CONTINGENT PMT UNIT COM 482452307 0 149500 SH Sole 149500
KEMET CORP COM 488360108 316 5000 SH Sole 5000
KINDER MORGAN INC KANS COM 49455p101 414 12000 SH Defined 01 02 10650 1350
KLA INSTRUMENTS CORP W/RTS COM 482480100 307 3640 SH Defined 01 02 3240 400
</TABLE>
Page 8 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
KRANZCO REALTY TRUST COM 50076E103 907 105,900 SOLE 105,900
LABORATORY CORP OF AMERICA COM 50540R201 689 8,835 SOLE 8,835
LANDSING PACIFIC FUND (ldp COM 515096105 0 81,850 SOLE 81,850
LASALLE RE HOLDINGS LTD COM G5383Q101 2,057 149,600 SOLE 149,600
LASER POWER CORP COM 51806K104 119 20,689 SOLE 20,689
LHS GROUP INC COM 501938104 2,283 50,800 SOLE 50,800
LIFE TECHNOLOGIES INC NEW COM 532177201 654 13,356 SOLE 13,356
LIFELINE SYSTEMS INC COM 532192101 987 109,675 SOLE 109,675
LIPOSOME CO INC COM 536310105 1,172 68,200 SOLE 68,200
LONDON PACIFIC GROUP LTD SPONS COM 542073101 446 19200 SH Sole 19200
LONDON PACIFIC GROUP LTD SPONS COM 542073101 465 20000 SH Defined 01 02 4000 16000
LONE STAR LIQUIDATING TRUS COM 54229R102 1,225 9,802,855 SOLE 9,802,855
LORONIX INFORMATION SYSTEM COM 544183106 2,568 70,600 SOLE 70,600
LOWRANCE ELECTRONICS INC COM 548900109 220 45,768 SOLE 45,768
LSI LOGIC CORP-W/RTS TO PUR COM 502161102 363 5000 SH Sole 5000
LSI LOGIC CORP-W/RTS TO PUR COM 502161102 44 600 SH Defined 01 600
LUCENT TECHNOLOGIES INC COM 549463107 844 13890 SH Defined 01 02 5256 8634
MAPQUEST.COM INC COM 565644101 2,445 118,200 SOLE 118,200
MARK IV INDUSTRIES INC COM 570387100 1,103 50,000 SOLE 50,000
MATLACK SYSTEMS INC COM 576901102 157 61,100 SOLE 61,100
MATRIX BANCORP INC COM 576819106 216 26,974 SOLE 26,974
MBO PROPERTIES INC (mbopq) COM 55263L109 361 360,857 SOLE 360,857
MCDONALDS CORP COM 580135101 751 20000 SH Sole 20000
MCDONALDS CORP COM 580135101 654 17400 SH Defined 01 02 4400 13000
MCI WORLDCOM INC COM 55268b106 340 7500 SH Sole 7500
MCI WORLDCOM INC COM 55268b106 134 2962 SH Defined 01 2962
MCLEODUSA INC-CL A FORMERLY MC COM 582266102 424 5000 SH Sole 5000
MCLEODUSA INC-CL A FORMERLY MC COM 582266102 411 4850 SH Defined 01 02 2000 2850
MCN ENERGY GROUP INC COM 552675100 1,850 74,000 SOLE 74,000
MEDIAONE GROUP INC COM 58440j104 810 10000 SH Sole 10000
MEDIAONE GROUP INC COM 58440j104 1740 21480 SH Defined 01 02 6000 15480
MEDIAONE GROUP INC (umg) COM 58440J104 20,436 252,300 SOLE 252,300
MEDICAL MANAGER CORP NEW ( COM 58461U103 544 15,500 SOLE 15,500
MEDIWARE INFORMATION SYSTE COM 584946107 377 55,800 SOLE 55,800
MEDSCAPE INC COM 585046105 98 18,500 SOLE 18,500
MELLON FINL CORP COM 58551a108 487 16500 SH Defined 01 02 10000 6500
MERCK & CO INC COM 589331107 572 9200 SH Defined 02 9200
MERISTAR HOTELS & RESORTS COM 589988104 91 30,900 SOLE 30,900
MERRILL LYNCH & CO INC COM 590188108 1,502 14,300 SOLE 14,300
METAMOR WORLDWIDE INC COM 59133P100 1,639 58,000 SOLE 58,000
</TABLE>
Page 9 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
MET-COIL SYSTEMS CORP COM 590850103 411 63,200 SOLE 63,200
METRIKA SYSTEMS CORP COM 59159M106 1,220 136,500 SOLE 136,500
METRO ONE TELECOMMUNICATIO COM 59163F105 433 33,000 SOLE 33,000
METROCALL INC RTS COM 591647110 0 67,749 SOLE 67,749
METROMEDIA INTERNATIONAL G COM 591695101 389 69,096 SOLE 69,096
MGI PROPERTY (mgi) COM 552885105 2,599 501,000 SOLE 501,000
MICHAEL FOODS INC NEW COM 594079105 553 26,500 SOLE 26,500
MICROSOFT CORP COM 594918104 1379 12980 SH Defined 01 02 10100 2880
MILESTONE PROPERTIES INC ( COM 599358108 760 253,251 SOLE 253,251
MILLICOM INTERNATIONAL CELLULA COM l6388f102 571 10000 SH Sole 10000
MILLICOM INTERNATIONAL CELLULA COM l6388f102 285 5000 SH Defined 02 01 4000 1000
MIRAGE RESORTS INC COM 60462E104 3,507 181,000 SOLE 181,000
MISSION CRITICAL SOFTWARE COM 605047109 385 6,300 SOLE 6,300
MITCHELL ENERGY & DEV CP C COM 606592301 506 23,000 SOLE 23,000
MONSANTO CO COM 611662107 2,450 49,200 SOLE 49,200
MOTOROLA INC COM 620076109 712 5000 SH Sole 5000
MOTOROLA INC COM 620076109 555 3900 SH Defined 01 3900
MUSTANG COM INC COM 628188104 1,747 80,100 SOLE 80,100
MYR GROUP INC COM 554053108 3,584 121,500 SOLE 121,500
NESTLE SA-SPONSORED ADR REPSTG COM 641069406 1335 14900 SH Defined 01 02 9700 5200
NETOPTIX CORP COM 64116F103 7,460 43,500 SOLE 43,500
NEW PLAN EXCEL REALTY TRUST IN COM 648053106 160 11650 SH Defined 01 11650
NEWBRIDGE NETWORKS CORP COM 650901101 4,768 147,000 SOLE 147,000
NEWPARK RESOURCES INC NEW COM 651718504 80 10000 SH Defined 02 10000
NEWS CORP LTD-SPONSORED ADR RE COM 652487802 573 12000 SH Defined 01 02 10000 2000
NEWSEDGE CORP COM 65249Q106 999 242,200 SOLE 242,200
NEXTLINK COMMUNICATIONS INC CL COM 65333h707 990 8000 SH Sole 8000
NEXTWAVE TELECOM INC SERIE COM NOT AVAIL 522 160,650 SOLE 160,650
NFO WORLDWIDE INC COM 62910N108 1,481 67,300 SOLE 67,300
NOBEL INSURANCE LTD COM 654885102 123 163,612 SOLE 163,612
NOBLE INTERNATIONAL LTD COM 655053106 2,534 162,200 SOLE 162,200
NOEL GROUP INC COM 655260107 0 247,800 SOLE 247,800
NOEL GROUP INC UNIT BEN IN COM 655260305 0 247,800 SOLE 247,800
NOEL LIQUIDATION COM 655266104 0 247,800 SOLE 247,800
NOMAS CORP NEV COM 65531N100 70 26,819 SOLE 26,819
NOMAS CORP NEW PFD SER A COM 65531N209 0 26,819 SOLE 26,819
NORTEL NETWORKS CORP COM 656569100 1008 8000 SH Sole 8000
NORTH AMERICAN BANK & TRUST CO COM 656751104 26 10000 SH Defined 01 10000
NORTH AMERICAN VACCINE INC COM 657201109 384 150,000 SOLE 150,000
NORTHEAST BANCORP ESCROW/R COM 664058989 0 153,030 SOLE 153,030
</TABLE>
Page 10 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
NOVARTIS AG-SPONSORED ADR COM 66987v109 444 6500 SH Defined 02 6500
NTL INCORPORATED COM 629407107 3684 39694 SH Defined 01 02 2813 36881
OCULAR SCIENCES INC COM 675744106 157 10,000 SOLE 10,000
OEA INC COM 670826106 1,651 171,500 SOLE 171,500
ONHEALTH NETWORK CO COM 68272W107 735 174,150 SOLE 174,150
ONIX SYSTEMS INC COM 67088G108 1,021 114,200 SOLE 114,200
ONLINETRADINGINC.COM CORP COM 68273D108 358 56,200 SOLE 56,200
ON-POINT TECHNOLOGY SYSTEM COM 682184106 54 30,040 SOLE 30,040
OPHTHALMIC IMAGING SYSTEMS COM 683737209 4 10,000 SOLE 10,000
ORTEL CORP COM 68749W102 7,470 39,800 SOLE 39,800
ORTHOFIX INT NV (ofix) COM N6748L102 482 27,763 SOLE 27,763
O'SULLIVAN INDS HLDG SR PF COM 67104Q205 48 85,200 SOLE 85,200
PAGING NETWORK INC COM 695542100 186 71,647 SOLE 71,647
PAIRGAIN TECHNOLOGIES INC COM 695934109 1,507 80,900 SOLE 80,900
PALL CORP COM 696429307 247 11000 SH Sole 11000
PALL CORP COM 696429307 1490 66406 SH Defined 01 02 5233 61173
PAN AMERICAN SILVER CORP COM 697900108 57 15,000 SOLE 15,000
PARK PLACE ENTERTAINMENT C COM 700690100 595 51,500 SOLE 51,500
PAYLESS SHOESOURCE INC COM 704379106 909 17,500 SOLE 17,500
PEAK INTERNATIONAL LTD COM G69586108 351 35,950 SOLE 35,950
PECHINEY SPONS ADR COM 705151207 911 35,900 SOLE 35,900
PENN TRAFFIC CO NEW (pnft) COM 707832200 100 14,500 SOLE 14,500
PENNCORP FINL GROUP INC $3 COM 708094701 348 29,000 SOLE 29,000
PEPSICO INC COM 713448108 691 20000 SH Sole 20000
PEPSICO INC COM 713448108 264 7640 SH Defined 01 02 5400 2240
PERIGEE INC COM 713912103 419 27,000 SOLE 27,000
PERKINS FOOD ORD 12.50p COM GB0002567 22 12,000 SOLE 12,000
PERMANENT BANCORP INC COM 714197100 511 28,400 SOLE 28,400
PETRIE STORES LIQUIDATING COM 716437108 233 186,075 SOLE 186,075
PFIZER INC COM 717081103 366 10000 SH Sole 10000
PFIZER INC COM 717081103 2226 60886 SH Defined 01 02 43650 17236
PGA EUROPEAN TOUR COM GB0006660 10 15,000 SOLE 15,000
PHILADELPHIA SUBURBAN CORP COM 718009608 426 23,500 SOLE 23,500
PHILIPS INTERNATIONAL REAL COM 718333107 436 26,200 SOLE 26,200
PHOENIX INTL LIFE SCIENCES COM 718919103 110 10,000 SOLE 10,000
PIEDMONT BANCORP INC COM 720104108 583 53,300 SOLE 53,300
PIMCO ADVISORS LP-CL (pa) COM 69338X105 5,069 132,300 SOLE 132,300
PINNACLE ENTERTAINMENT INC COM 723456109 1,625 80,000 SOLE 80,000
PIXTECH INC COM 72583k109 580 122100 SH Defined 01 122100
PLAYCORE INC (pco) COM 72811G102 739 109,412 SOLE 109,412
</TABLE>
Page 11 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
PRECISION RESPONSE CORP COM 740314109 2,244 93,500 SOLE 93,500
PREMIERE PAGE INC ESCROW COM 74058E998 0 27,000 SOLE 27,000
PRIME HOSPITALITY CORP COM 741917108 210 29000 SH Sole 29000
PRIME HOSPITALITY CORP COM 741917108 368 50800 SH Defined 01 02 2800 48000
PRIME HOSPITALITY CORP COM 741917108 170 5000 SH Sole 5000
PRIME HOSPITALITY CORP COM 741917108 204 6000 SH Defined 01 02 2000 4000
PRIME HOSPITALITY CORP COM 741917108 485 10000 SH Sole 10000
PRIME HOSPITALITY CORP COM 741917108 711 14650 SH Defined 01 800 13850
PRIME RETAIL INC 8.5% CV P COM 741570303 178 22,198 SOLE 22,198
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 414 8000 SH Defined 01 02 1500 6500
PRISM FINANCIAL CORP COM 74264Q108 108 15,000 SOLE 15,000
PROCTER & GAMBLE CO COM 742718109 534 9500 SH Defined 01 02 1600 7900
PROSPECT GROUP NEW (pros) COM 742918501 3 18,811 SOLE 18,811
PROTOCOL SYSTEMS INC COM 74371R106 3,783 390,500 SOLE 390,500
PROVIDENT BANKSHARES CORP COM 743859100 1877 119198 SH Defined 01 02 18379 100819
PROXIMA NOK2 COM NO0005621 765 71,800 SOLE 71,800
PULASKI FURNITURE CORP COM 745553107 480 22,000 SOLE 22,000
QUORUM HEALTH GROUP INC COM 749084109 101 10000 SH Sole 10000
QWEST COMMUNICATIONS INTL COM 749121109 12,896 265,900 SOLE 265,900
RAINFOREST CAFE INC COM 75086K104 792 223,400 SOLE 223,400
RALSTON-RALSTON PURINA GRO COM 751277302 1,645 60,100 SOLE 60,100
RAMTRON INTL CORP COM 751907304 205 13,800 SOLE 13,800
RANDERS KILLAM GROUP INC. COM 752333203 176 40,200 SOLE 40,200
RAYTECH CORP DEL COM 755103108 1,111 291,300 SOLE 291,300
RCN CORP COM 749361101 269 5000 SH Sole 5000
RCN CORP COM 749361101 54 1000 SH Defined 01 1000
RECKSON ASSOC REALTY CORP COM 75621K304 2,283 111,363 SOLE 111,363
REINSURANCE GROUP OF AMERI COM 759351109 871 36,590 SOLE 36,590
REUTERS GROUP PLC SPONSORED AD COM 76132m102 331 2773 SH Defined 02 2773
REYNOLDS METALS CO (rlm) COM 761763101 3,344 50,000 SOLE 50,000
ROBERTSON CECO CORP NEW COM 770539203 736 75,000 SOLE 75,000
ROCHE HOLDING LTD SPONSORED AD COM 771195104 3763 34645 SH Defined 01 02 12100 22545
ROCKY MOUNTAIN CHOCOLATE F COM 774678403 560 104,270 SOLE 104,270
ROHN INC COM 775381106 1,162 361,050 SOLE 361,050
ROTONICS MANUFACTURING COM 778903104 325 200,200 SOLE 200,200
ROYAL DUTCH PETROLEUM CO NY RE COM 780257804 461 8000 SH Defined 01 02 6000 2000
RUSS BERRIE & CO INC COM 782233100 581 31,400 SOLE 31,400
SAVIOR TECHNOLOGY GROUP IN COM 80533W107 1,496 209,900 SOLE 209,900
SBC COMMUNICATIONS INC COM 78387g103 809 19262 SH Defined 01 02 5564 13698
SBS BROADCASTING SA COM L8137F102 2,257 36,700 SOLE 36,700
</TABLE>
Page 12 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
SCHERING PLOUGH CORP COM 806605101 687 18700 SH Defined 01 02 16700 2000
SCHLUMBERGER LTD COM 806857108 765 10000 SH Sole 10000
SCHLUMBERGER LTD COM 806857108 591 7732 SH Defined 01 02 6132 1600
SCI SYSTEMS INC COM 783890106 431 8000 SH Sole 8000
SEAGATE TECHNOLOGY INC COM 811804103 964 16,000 SOLE 16,000
SEAGRAM CO LTD COM 811850106 1235 20750 SH Defined 01 02 9500 11250
SFX ENTERTAINMENT INC CL A COM 784178105 408 10,000 SOLE 10,000
SGV BANCORP INC COM 78422T102 1,835 80,209 SOLE 80,209
SHARED MEDICAL SYSTEMS COR COM 819486101 8,923 172,000 SOLE 172,000
SHAW INDUSTRIES COM 820286102 304 20,000 SOLE 20,000
SHELDAHL INC COM 822440103 227 38,200 SOLE 38,200
SIENA HOLDINGS INC COM 826203101 213 179,179 SOLE 179,179
SIGCORP INC COM 826912107 870 34,800 SOLE 34,800
SILICON GRAPHICS COM 827056102 1,373 130,000 SOLE 130,000
SILICON VALLEY GROUP INC COM 827066101 707 25700 SH Defined 01 1000 24700
SILKNET SOFTWARE.COM COM 827094103 4,674 45,600 SOLE 45,600
SIMPSON INDUSTRIES INC COM 829060102 565 57,900 SOLE 57,900
SIZZLER INTERNATIONAL INC COM 830139101 372 135,275 SOLE 135,275
SJW CORP COM 784305104 936 8,000 SOLE 8,000
SMITHLKINE BEECHAM PLC-ADR COM 832378301 1,519 23,000 SOLE 23,000
SNYDER COMMUNICATIONS INC COM 832914105 3,330 148,000 SOLE 148,000
SONERA CORP PLC SPONSORED ADR COM 835433202 332 5000 SH Sole 5000
SOUTHDOWN INC COM 841297104 2,360 40,000 SOLE 40,000
SOUTHERN PACIFIC PETROLEUM COM 843581307 22 10000 SH Defined 01 10000
SOUTHWEST GAS CORP COM 844895102 7,442 390,400 SOLE 390,400
SOVEREIGN BANCORP INC COM 845905108 93 12240 SH Defined 01 1440 10800
SPANLINK COMMUNICATIONS IN COM 846492106 1,088 106,800 SOLE 106,800
SPECTRANETICS CORP COM 84760C107 98 15,778 SOLE 15,778
SPIROS DEV CORP II INC COM 848936100 1,996 143,205 SOLE 143,205
SPLITROCK SERVICES INC. COM 848636304 2,748 60,600 SOLE 60,600
SPR INC COM 784922106 677 114,100 SOLE 114,100
SPYGLASS INC COM 852192103 1,302 16,800 SOLE 16,800
ST LAURENT PAPERBOARD INC COM 790907109 4,041 211,000 SOLE 211,000
STAFF LEASING INC COM 852381102 209 37,550 SOLE 37,550
STAR TELECOMMUNICATIONS IN COM 854923109 962 162,045 SOLE 162,045
STARWOOD HOTELS & RESORTS WORL COM 85590a203 343 13050 SH Defined 01 13050
STATE FINANCIAL SERVICES C COM 856855101 352 35,694 SOLE 35,694
STERLING SOFTWARE COM 859547101 2,263 74,200 SOLE 74,200
STRAWBRIDGE & CLOTHIER ESC COM 863200986 2 181,668 SOLE 181,668
STRAYER EDUCATION INC COM 863236105 2,768 109,100 SOLE 109,100
</TABLE>
Page 13 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
STUDENT LOAN CORP COM 863902102 2,440 59,600 SOLE 59,600
SUN ENERGY PARTNERS LP ESC COM 866719990 76 61,600 SOLE 61,600
SUN INTERNATIONAL HOTELS COM P8797T133 1,197 61,400 SOLE 61,400
SUNBEAM CORP WTS 8/23/03 COM 867071128 82 65,263 SOLE 65,263
SUPERMARKETS GENERAL $3.52 COM 868446204 82 32,858 SOLE 32,858
SWISS HELVETIA FUND INC COM 870875101 596 43324 SH Defined 01 02 6006 37318
SYLVAN LEARNING SYSTEMS IN COM 871399101 397 25,000 SOLE 25,000
TCBY ENTERPRISES INC COM 872245105 86 15,000 SOLE 15,000
TECH SYM COPR COM 878308105 482 23,900 SOLE 23,900
TELE SUDESTE CELULAR PART COM 879252104 3,231 64,700 SOLE 64,700
TELEFONICA DE ARGENTINA SA COM 879378206 2,414 61,500 SOLE 61,500
TELEFONICA DE PERU ADS COM 879384105 2,130 125,300 SOLE 125,300
TELEPHONE & DATA SYSTEMS INC COM 879433100 1221 11000 SH Sole 11000
TELEPHONE & DATA SYSTEMS INC COM 879433100 7809 70350 SH Defined 01 02 16600 53750
TELESP PARTICIPACOES SA COM 87952K100 3,963 133,500 SOLE 133,500
TELOS CORP 12% PFD COM 87969B200 93 14,607 SOLE 14,607
TENET HEALTHCARE COM 88033g100 230 10000 SH Sole 10000
TENET HEALTHCARE COM 88033g100 23 1000 SH Defined 01 1000
TERA COMPUTER CO COM 88076p108 1033 160400 SH Defined 01 160400
TEXAS INSTRUMENTS INC COM 882508104 800 5000 SH Sole 5000
TEXAS INSTRUMENTS INC COM 882508104 192 1200 SH Defined 02 1200
THEGLOBE.COM INC COM 88335r101 64 10000 SH Sole 10000
THEMOTREX CORP COM 883666109 3,459 337,500 SOLE 337,500
THERMEDICS DETECTION INC COM 88355T103 2,266 287,800 SOLE 287,800
THERMEDICS INC COM 883901100 3,472 424,000 SOLE 424,000
THERMO BIOANALYSIS CORP COM 88355H108 2,785 100,600 SOLE 100,600
THERMO CARDIOSYSTEMS INC COM 88355K200 3,200 228,600 SOLE 228,600
THERMO ECOTEK CORP COM 88355R106 2,717 331,900 SOLE 331,900
THERMO OPTEK CORP COM 883582108 1,736 116,700 SOLE 116,700
THERMO SENTRON INC COM 883593105 2,644 170,600 SOLE 170,600
THERMO TERRATECH INC COM 883598104 1,750 225,800 SOLE 225,800
THERMOLASE CORP COM 883624108 1,785 751,700 SOLE 751,700
THERMOQUEST CORP COM 883655102 5,218 311,500 SOLE 311,500
THERMORETEC CORP COM 883656100 574 84,300 SOLE 84,300
THOMAS NELSON INC COM 640376109 929 117,000 SOLE 117,000
TIME WARNER INC (HOLDING C COM 887315109 6,000 60,000 SOLE 60,000
TIME WARNER INC (HOLDING CO) COM 887315109 1000 10000 SH Sole 10000
TIME WARNER INC (HOLDING CO) COM 887315109 7600 76000 SH Defined 01 02 39540 36460
TIMES MIRROR CL A (tmc) COM 887364107 6,506 70,000 SOLE 70,000
TLC BEATRICE COM NOT AVAIL 45 15,000 SOLE 15,000
</TABLE>
Page 14 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
TODAYS MAN INC (tman) COM 888910106 50 69,252 SOLE 69,252
TODD AO CORP CL A COM 888896107 511 14800 SH Defined 02 14800
TOTAL CONTAINMENT INC. COM 89149T101 94 53,910 SOLE 53,910
TPI ENTERPRISES COM 872623103 16 534,249 SOLE 534,249
TRANSPORT CORP OF AMERICA COM 89385P102 187 39,800 SOLE 39,800
TRAVELERS PROPERTY CASUALT COM 893939108 4,538 110,000 SOLE 110,000
TRITEL INC CL A COM 89675X104 2,267 59,850 SOLE 59,850
TYCO INTERNATIONAL LTD COM 902124106 499 10000 SH Sole 10000
TYCO INTERNATIONAL LTD COM 902124106 3761 75400 SH Defined 01 02 22200 53200
U S HOMECARE CORP COM 911819100 1 10000 SH Defined 01 10000
UBID INC COM 903469104 668 22,850 SOLE 22,850
UDC HOMES SER C SUB NTS 0% COM 90264JAA8 0 89,940 SOLE 89,940
UNION BANKSHARES LTD COM 905403101 339 37,702 SOLE 37,702
UNION CARBIDE COM 905581104 5,890 101,000 SOLE 101,000
UNION PACIFIC RESOURCES COM 907834105 145 10000 SH Sole 10000
UNION PACIFIC RESOURCES COM 907834105 48 3338 SH Defined 01 3338
UNITED BISCUITS HOLDINGS P COM G92261125 102 24,500 SOLE 24,500
UNITED PAN-EUROPE COMMS N V SP COM 911300200 1576 31800 SH Defined 01 02 18600 13200
UNITED STATES LEATHER INC COM 912134103 187 186,536 SOLE 186,536
UNITED WATER COM 913190104 1,703 49,000 SOLE 49,000
UNITEDGLOBALCOM CL A COM 913247508 1516 20200 SH Sole 20200
UNITEDGLOBALCOM CL A COM 913247508 6673 88900 SH Defined 01 02 22900 66000
UNITY BANCORP INC-DEL (unt COM 913290102 201 33,438 SOLE 33,438
UNOCAL CORP COM 915289102 149 5000 SH Sole 5000
UNOCAL CORP COM 915289102 60 2013 SH Defined 01 2013
US CAN CORP (usc) COM 90328W105 1,020 52,500 SOLE 52,500
US FOOD SERVICE COM 90331R101 3,863 150,000 SOLE 150,000
US HOMES NEW (uh) COM 911920106 6,655 175,125 SOLE 175,125
US WEST INC NEW (usw) COM 91273H101 4,481 61,700 SOLE 61,700
USA NETWORKS INC COM 902984103 361 16000 SH Sole 16000
USA NETWORKS INC COM 902984103 77 3400 SH Defined 01 3400
USB HOLDING CO INC COM 902910108 484 32,430 SOLE 32,430
VARIAN MEDICAL SYSTEMS INC COM 92220p105 2908 63730 SH Defined 01 63730
VASTAR RESOOURCES INC COM 922380100 892 12,000 SOLE 12,000
VASTAR RESOURCES INC COM 922380100 223 3000 SH Defined 01 3000
VDI MULTIMEDIA COM 917916108 1,053 74,900 SOLE 74,900
VENTAS INC COM 92276F100 859 259,200 SOLE 259,200
VERISIGN INC COM 92343E102 702 4,700 SOLE 4,700
VIACOM HOLDING CL B COM 925524308 527 10000 SH Sole 10000
VIACOM HOLDING CL B COM 925524308 582 11034 SH Defined 01 02 566 10468
</TABLE>
Page 15 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
VIACOM INC COM 925524100 466 8712 SH Defined 01 8712
VIATEL INC COM 925529208 502 10000 SH Sole 10000
VIDEOTRON GROUP LTD SUB VT COM 92558H105 356 12,900 SOLE 12,900
VISKASE COMPANIES INC COM 92831R102 104 66,800 SOLE 66,800
VITESSE SEMICONDUCTOR CORP COM 928497106 481 5000 SH Sole 5000
VITESSE SEMICONDUCTOR CORP COM 928497106 96 1000 SH Defined 01 1000
VODAFONE AIRTOUCH PLC SPONSORE COM 92857t107 556 10000 SH Sole 10000
VODAFONE AIRTOUCH PLC SPONSORE COM 92857t107 442 7950 SH Defined 01 7950
VORNADO REALTY TRUST COM 929042109 368 11000 SH Defined 01 02 3000 8000
VOYAGER.NET INC COM 92906W101 1,450 105,900 SOLE 105,900
WALT DISNEY CO HOLDING CO COM 254687106 1599 38645 SH Defined 01 02 6000 32645
WARNER LAMBERT CO COM 934488107 14,177 145,400 SOLE 145,400
WASHINGTON POST CO-CL B COM 939640108 541 1000 SH Sole 1000
WASSALL PLC ORD COM G94639146 144 22,750 SOLE 22,750
WAVE TECHNOLOGIES INTL INC COM 94352Q109 2,080 218,900 SOLE 218,900
WEATHERFORD INTERNATIONAL COM 947074100 2,072 35,163 SOLE 35,163
WEATHERFORD INTERNATIONAL INC COM 947074100 3072 52126 SH Defined 01 02 19472 32654
WELLS FARGO & CO-NEW COM 949746101 594 14500 SH Defined 01 14500
WESLEY JESSEN VISIONCARE I COM 951018100 2,828 78,700 SOLE 78,700
WESTAFF INC COM 957070105 471 51,800 SOLE 51,800
WESTELL TECHNOLOGIES INC-C COM 957541105 1,007 31,593 SOLE 31,593
WESTPOINT STEVENS INC COM 961238102 228 12,000 SOLE 12,000
WICOR INC COM 929253102 2,297 74,100 SOLE 74,100
WILLIAMS COMPANIES INC COM 969457100 879 20,000 SOLE 20,000
WILLIAMS COMPANIES INC COM 969457100 439 10000 SH Sole 10000
WILLIAMS COMPANIES INC COM 969457100 1397 31800 SH Defined 01 02 5400 26400
WILMAR INDUSTRIES INC COM 971426101 918 54,000 SOLE 54,000
WINSTAR COMMUNICATIONS INC COM 975515107 495 8250 SH Defined 01 02 6450 1800
WM WRIGLEY JR CO COM 982526105 691 9000 SH Defined 02 9000
WRT CREDITORS LIQUIDATING COM 92931K965 0 126,667 SOLE 126,667
WRT ENERGY CORP WTS COM 92931K130 0 12,000 SOLE 12,000
WTS IGENE BIOTECHNOLOGY INC COM 451695142 0 131414 SH Defined 01 131414
XILINX INC COM 983919101 414 5000 SH Sole 5000
XTRA CORP COM 984138107 1,060 27,900 SOLE 27,900
ZSFH LLC 0% 7/29/98 COM 98878WAA0 2,471 24,709 SOLE 24,709
AUSTRALIAS HLDG PTY SR NT FIXED 05258AAC9 30 30,000 SOLE 30,000
AVIATION SALES SR SUB NT 2 FIXED 053672AC5 420 10,000 SOLE 10,000
BANK OF NEW ENGLAND NOTE 9 FIXED 063840AC6 148 29,550 SOLE 29,550
BARINGS BV - FRN 1/22/01 FIXED LU0001749 2,205 35,000 SOLE 35,000
BUILDERS TRANSPORT 6.5% 5/ FIXED 120084AB4 18 18,220 SOLE 18,220
</TABLE>
Page 16 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
BUILDERS TRANSPORT 8% 8/15 FIXED 120084AA6 23 22,630 SOLE 22,630
CLARIDGE HOT & CASINO 11.7 FIXED 180476AA1 1,195 21,620 SOLE 21,620
COLOR TILE INC SR NT 10.75 FIXED 196267AD0 138 221,350 SOLE 221,350
COLOR TILE TERM NOTES FIXED NOT AVAIL 317 3,169 SOLE 3,169
CONXUS COMMUNICATIONS SR N FIXED 212876AA4 16 65,000 SOLE 65,000
DECISIONONE CORP SR.NT 8/1 FIXED 243456AA8 117 29,150 SOLE 29,150
DISCOVERY ZONE INC SR SECD FIXED 25468BAF4 62 248,150 SOLE 248,150
EINSTEIN/NOAH BAGEL CORP 7 FIXED 282577AC9 925 20,560 SOLE 20,560
FPA MEDICAL MGMT 6.5% 12/1 FIXED 302543AD5 184 367,600 SOLE 367,600
GLOBALSTAR LP CAP CP 11.37 FIXED 379363AK0 763 20,900 SOLE 20,900
IN-FLIGHT PHONE CORP 14% 5 FIXED 45322KAC5 605 60,500 SOLE 60,500
INTL SEMI TECH MICRO SR 0% FIXED 46031KAA9 35 27,730 SOLE 27,730
IONICA PLC SR DISC NTS 5/1 FIXED 462213AK5 23 11,500 SOLE 11,500
IRIDIUM CORP SR NT SERC 7/ FIXED 462691AA4 33 11,100 SOLE 11,100
IRIDIUM LLC/CAP SR NOTE 14 FIXED 46268KAK1 30 10,000 SOLE 10,000
IRIDIUM LLC/CAPITAL SR NT FIXED 46268KAJ4 28 10,000 SOLE 10,000
JAZZ CASINO CO SR NT 8% 11 FIXED 472143AA4 366 9,157 SOLE 9,157
JAZZ CASINO SR CONTING NT FIXED 472143AB2 209 13,039 SOLE 13,039
JUST FOR FEET SR SUB NTS 1 FIXED 48213PAC0 131 105,000 SOLE 105,000
LEVITZ FURN CORP SR NT 13. FIXED 527480AJ6 1,357 20,870 SOLE 20,870
LOMAS FINCL CORP NEW 9% 10 FIXED 5415359A0 83 27,500 SOLE 27,500
LOUISIANA ST AG FIN AUTH 8 FIXED 546418AB0 0 15,000 SOLE 15,000
MARINER POST ACUTE NETWORK FIXED 568459AB7 59 59,000 SOLE 59,000
MASS ST INDL FIN AGY 8/1/1 FIXED 575857AZO 65 32,650 SOLE 32,650
MOBIL ENERGY SVC CO 8.665% FIXED 607358AA6 525 15,000 SOLE 15,000
NORTH AMERICAN VACCINE 6.5 FIXED 657201AA7 1,585 31,700 SOLE 31,700
NORTHWESTERN STEEL & WIRE FIXED 668367AD7 332 8,100 SOLE 8,100
PAGING NETWORK SR NOTE 10% FIXED 695542AG5 2,275 32,500 SOLE 32,500
PAGING NETWORK SR SUB NT 8 FIXED 695842AC4 700 10,000 SOLE 10,000
PATHMARK STORES SR NT 5/03 FIXED 70321BAB6 2,171 29,950 SOLE 29,950
PATHMARK STORES SUB NT 6/1 FIXED 70321BAA8 800 25,000 SOLE 25,000
READ RITE CORP CV SUB NT 1 FIXED 755246AB1 2,080 20,000 SOLE 20,000
RITE AID CORP NOTE 144A 6% FIXED 143093102 1,060 20,000 SOLE 20,000
SAFELITE GLASS SR NT 12/15 FIXED 786450ACO 259 51,740 SOLE 51,740
SELLCO CORP 12% 12/15/04 ( FIXED 81641KAA8 23 91,609 SOLE 91,609
SFAC NEW HLDGS 0% 6/15/09 FIXED 78411NAA6 276 27,586 SOLE 27,586
SHONEY'S INC CONV SUB DEB FIXED 825039AC4 533 30,000 SOLE 30,000
SMARTALK CONV SUB NT 9/15/ FIXED 83169AAC4 1,043 20,850 SOLE 20,850
SOURCE MEDIA SR NTS 11/1/0 FIXED 836153AC0 1,390 19,850 SOLE 19,850
SOUTHEAST BK CORP 10.5% 4/ FIXED 841338AD8 245 20,000 SOLE 20,000
</TABLE>
Page 17 of 18
<PAGE>
<TABLE>
<CAPTION>
LOEB ARBITRAGE MANAGEMENT
FORM 13F
MARCH 31, 2000
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>
SUNBEAM CORP CV 0% 3/25/18 FIXED 867071AA0 1,287 72,500 SOLE 72,500
TRANS WORLD AIRLINE 8% 11/ FIXED 893349AV2 0 10,000 SOLE 10,000
TRUMPS CASTLE 11.75% 11/15 FIXED 898178AE8 359 4,484 SOLE 4,484
TV FILME SR NT 12.875 DUE FIXED 873071AC8 1,200 24,000 SOLE 24,000
USN COMM SR NTS SER B 8/15 FIXED 90336NAC9 5,035 479,510 SOLE 479,510
WRT ENERGY CORP 13.875% 3/ FIXED 92931KAB2 0 15,000 SOLE 15,000
COREL CORP JUL 25 PUT PUT 21868Q9S0 150 10,000 SOLE 10,000
GENERAL MOTORS JUNE 100 PU PUT 3704429R8 944 50,000 SOLE 50,000
GENERAL MOTORS JUNE 80 PUT PUT 3704429R816 53 10,000 SOLE 10,000
GENERAL MOTORS SEPT 100 PU PUT 3704429U1 418 20,000 SOLE 20,000
GLOBALSTAR T SEPT 20 PUT PUT G3930H9I7 288 32,500 SOLE 32,500
HEALTHEON CO JULY 75 PUT PUT 4222099S7 782 15,000 SOLE 15,000
PSINET INC JULY 75 PUT PUT 74437C9G8 204 5,000 SOLE 5,000
QWEST COMMUN JULY 60 PUT PUT 7491219S0 2,359 170,000 SOLE 170,000
QWEST COMMUNICATION APR 27 PUT 7491219P6 2 24,000 SOLE 24,000
QWEST COMMUNICATIONS JUL 5 PUT NOT AVAIL 163 25,000 SOLE 25,000
READ RITE JUL 10 PUT PUT 7552469S6 394 75,000 SOLE 75,000
RUSSELL 2000 INDX APR 570 PUT 60599W9P7 1,418 53,500 SOLE 53,500
SOURCE MEDIA JUL 20 PUT PUT 8361539S7 344 50,000 SOLE 50,000
WESTELL TECHNOLOGIES MAY 2 PUT 9575419Q0 58 30,000 SOLE 30,000
REPORT SUMMARY 700 DATA RECORDS 897,128 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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