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, 1999
----------------------------
Check here if Amendment [ ]; Amendment Number:
-----
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Jeffrey L. Gendell
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Address: 200 Park Avenue, Suite 3900
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New York, New York 10166
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Form 13F File Number: 28- 6950
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey L. Gendell
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Title: Investment Manager
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Phone: 212-692-3694
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Signature, Place, and Date of Signing:
/S/ Jeffrey L. Gendell New York, New York 5/13/99
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<PAGE>
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 179
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Form 13F Information Table Value Total: $2,086,615
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. NONE
<PAGE>
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- -------------- --------- -------- ----------------- ---------- -------- -------------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------
AMR CORP COM 001765106 7,906 135,000 SH SOLE 135,000
- -----------------------------------------------------------------------------------------------------------------------------------
ASB FINL CORP COM 00205P107 549 50,500 SH SOLE 50,500
- -----------------------------------------------------------------------------------------------------------------------------------
ACADIANA BANCSHARES INC COM 004280103 925 50,700 SH SOLE 50,700
- -----------------------------------------------------------------------------------------------------------------------------------
ACCESS ANYTIME BANCORP COM 00431Fl05 850 121,400 SH SOLE 121,400
- -----------------------------------------------------------------------------------------------------------------------------------
ADVANCE FINANCIAL BANCORP COM 007437106 1,276 105,200 SH SOLE 105,200
- -----------------------------------------------------------------------------------------------------------------------------------
AIRBORNE FGHT CORP COM 009266107 8,990 290,000 SH SOLE 290,000
- -----------------------------------------------------------------------------------------------------------------------------------
ALBION BANC CORP COM 013289103 323 38,800 SH SOLE 38,800
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIANCE BANCORP COM 01852J105 7,950 447,660 SH SOLE 447,660
- -----------------------------------------------------------------------------------------------------------------------------------
ALPINE GROUP INC COM 020825105 4,975 491,400 SH SOLE 491,400
- -----------------------------------------------------------------------------------------------------------------------------------
AMBANC HLDG INC COM 023161102 4,114 245,610 SH SOLE 245,610
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP COM 029912201 1,113 45,430 SH SOLE 45,430
- -----------------------------------------------------------------------------------------------------------------------------------
ANALYSIS & TECHNOLGY INC COM 032672107 17,738 729,600 SH SOLE 729,600
- -----------------------------------------------------------------------------------------------------------------------------------
ANIXTER INTL INC COM 035290105 5,436 455,400 SH SOLE 455,400
- -----------------------------------------------------------------------------------------------------------------------------------
ASTORIA FINL CORP COM 046265104 15,335 306,700 SH SOLE 306,700
- -----------------------------------------------------------------------------------------------------------------------------------
AVIALL INC NEW COM 05366B102 4,742 305,900 SH SOLE 305,900
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP COM 06423A103 551 10,000 SH SOLE 10,000
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP CALL 06423A903 69,021 1,253,500 SH CALL SOLE 1,253,500
- -----------------------------------------------------------------------------------------------------------------------------------
BANK PLUS CORP COM 064446107 8,089 1,931,700 SH SOLE 1,931,700
- -----------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP NEW COM 06605F102 14,439 204,452 SH SOLE 204,452
- -----------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP NEW CALL 06605F902 93,896 1,329,500 SH CALL SOLE 1,329,500
- -----------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON CORP CALL 06605R906 6,930 160,000 SH CALL SOLE 160,000
- -----------------------------------------------------------------------------------------------------------------------------------
BANKUNITED FINL CORP COM 06652B103 214 30,000 SH SOLE 30,000
- -----------------------------------------------------------------------------------------------------------------------------------
BAY ST BANCORP INC COM 072611106 3,770 183,900 SH SOLE 183,900
- -----------------------------------------------------------------------------------------------------------------------------------
BAYOU STEEL CORP COM 073051104 1,439 460,600 SH SOLE 460,600
- -----------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COS INC CALL 073902908 2,234 50,000 SH SOLE 50,000
- -----------------------------------------------------------------------------------------------------------------------------------
BOSTONFED BANCORP INC COM 101178101 4,552 252,900 SH SOLE 252,900
- -----------------------------------------------------------------------------------------------------------------------------------
CCF HLDG CO COM 12487X104 967 67,881 SH SOLE 67,881
- -----------------------------------------------------------------------------------------------------------------------------------
CFS BANCORP INC COM 12525D102 1,705 162,360 SH SOLE 162,360
- -----------------------------------------------------------------------------------------------------------------------------------
CSB FINL CORP COM 126289107 822 84,829 SH SOLE 84,829
- -----------------------------------------------------------------------------------------------------------------------------------
CAMCO FINL CO COM 132618109 945 67,410 SH SOLE 67,410
- -----------------------------------------------------------------------------------------------------------------------------------
CAVALIER HOMES INC COM 149507105 3,063 318,200 SH SOLE 318,200
- -----------------------------------------------------------------------------------------------------------------------------------
CENTRAL CO OPERATV BK SOMER NA COM 153137104 2,978 177,800 SH SOLE 177,800
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY BANCORP INC COM 156432106 391 22,500 SH SOLE 22,500
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY BANCSHARES INC COM 156436107 975 162,435 SH SOLE 162,435
- -----------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINL INC COM 160903100 10,597 367,200 SH SOLE 367,200
- -----------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW COM 16161A108 6,510 80,000 SH SOLE 80,000
- -----------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW CALL 16161A908 63,473 780,000 SH CALL SOLE 780,000
- -----------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC COM 172967101 14,244 223,000 SH SOLE 223,000
- -----------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC CALL 172967901 74,734 1,170,000 SH CALL SOLE 1,170,000
- -----------------------------------------------------------------------------------------------------------------------------------
COASTAL BANCORP INC COM 19041Pl05 4,116 247,550 SH SOLE 247,550
- -----------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC COM 195493309 2,166 180,500 SH SOLE 180,500
- -----------------------------------------------------------------------------------------------------------------------------------
COMDISCO INC COM 200336105 7,676 429,400 SH SOLE 429,400
- -----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORPORATION COM 201647104 10,968 473,000 SH SOLE 473,000
- -----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH BANCORP INC COM 20268X102 3,341 220,000 SH SOLE 220,000
- -----------------------------------------------------------------------------------------------------------------------------------
COMMUNITY BK SYS INC COM 203607106 2,369 99,500 SH SOLE 99,500
- -----------------------------------------------------------------------------------------------------------------------------------
COMMUNITY INVS BANCORP INC COM 203719109 709 80,400 SH SOLE 80,400
- -----------------------------------------------------------------------------------------------------------------------------------
COOPERATIVE BANKSHARES INC COM 216844100 144 12,000 SH SOLE 12,000
- -----------------------------------------------------------------------------------------------------------------------------------
CORE MATLS CORP COM 218683100 1,431 477,100 SH SOLE 477,100
- -----------------------------------------------------------------------------------------------------------------------------------
D & N FINL CORP COM 232864108 1,273 55,940 SH SOLE 55,940
- -----------------------------------------------------------------------------------------------------------------------------------
DAYTON SUPERIOR CORP COM 240028100 5,214 300,100 SH SOLE 300,100
- -----------------------------------------------------------------------------------------------------------------------------------
DIME CMNTY BANCSHARES COM 253922108 7,323 319,268 SH SOLE 319,268
- -----------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM 25429Q102 33,603 1,449,200 SH SOLE 1,449,200
- -----------------------------------------------------------------------------------------------------------------------------------
DOWNEY FINL CORP COM 261018105 1,372 74,900 SH SOLE 74,900
- -----------------------------------------------------------------------------------------------------------------------------------
DUCOMMUN INC DEL COM 264147109 1,977 210,849 SH SOLE 210,849
- -----------------------------------------------------------------------------------------------------------------------------------
EAGLE BANCGROUP INC COM 26941T103 1,698 75,900 SH SOLE 75,900
- -----------------------------------------------------------------------------------------------------------------------------------
EAGLE BANCSHARES INC COM 26942C109 733 42,500 SH SOLE 42,500
- -----------------------------------------------------------------------------------------------------------------------------------
EDO CORP COM 281347104 2,093 322,000 SH SOLE 322,000
- -----------------------------------------------------------------------------------------------------------------------------------
ELMIRA SVGS BK FSB NY COM 289660102 1,754 74,848 SH SOLE 74,848
- -----------------------------------------------------------------------------------------------------------------------------------
EMCO LTD COM 290839109 4,593 662,100 SH SOLE 662,100
- -----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM 292896107 2,833 269,800 SH SOLE 269,800
- -----------------------------------------------------------------------------------------------------------------------------------
EQUITABLE FED SVGS BK MD COM 294487103 2,094 121,400 SH SOLE 121,400
- -----------------------------------------------------------------------------------------------------------------------------------
FCB FINL CORP COM 301932109 2,368 83,100 SH SOLE 83,100
- -----------------------------------------------------------------------------------------------------------------------------------
F M C CORP COM NEW 302491303 5,357 108,500 SH SOLE 108,500
- -----------------------------------------------------------------------------------------------------------------------------------
FMS FINL CORP COM 302509104 1,318 146,400 SH SOLE 146,400
- -----------------------------------------------------------------------------------------------------------------------------------
FAIRCHILD CORP CL A 303698104 10,344 1,015,317 SH SOLE 1,015,317
- -----------------------------------------------------------------------------------------------------------------------------------
FALMOUTH BANCORP INC COM 306754102 816,200 58,300 SH SOLE 58,300
- -----------------------------------------------------------------------------------------------------------------------------------
FIDELITY FINL OHIO INC COM 31614P107 2,606 212,760 SH SOLE 212,760
- ---------------------------------------------------------------------------------- ------------------------------------------------
FIRST COASTAL CORP COM 319699203 632 64,800 SH SOLE 64,800
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST FED S&L EAST HARTFORD CT COM 319944104 6,346 261,700 SH SOLE 261,700
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST DEFIANCE FINL CORP COM 32006W106 911 86,800 SH SOLE 86,800
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST FRANKLIN CORP COM 320272107 707 55,450 SH SOLE 55,450
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST INDEPENDENCE CORP COM 32054B103 1,029 95,700 SH SOLE 95,700
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST KEYSTONE FINL INC COM 320655103 563 40,000 SH SOLE 40,000
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST SENTINEL BANCORP INC COM 33640T103 503 62,900 SH SOLE 62,900
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM 337358105 6,177 115,600 SH SOLE 115,600
- -----------------------------------------------------------------------------------------------------------------------------------
FIRSTFED BANCORP INC COM 33761Ql02 977 100,800 SH SOLE 100,800
- -----------------------------------------------------------------------------------------------------------------------------------
FIRSTFED FINL CORP COM 337907109 900 56,000 SH SOLE 56,000
- -----------------------------------------------------------------------------------------------------------------------------------
FIRSTFED AMERICA BA COM 337929103 6,298 524,800 SH SOLE 524,800
- -----------------------------------------------------------------------------------------------------------------------------------
FLEET FINL GROUP INC NEW COM 338915101 941 25,000 SH SOLE 25,000
- -----------------------------------------------------------------------------------------------------------------------------------
FORD MTR CO DEL COM 345370100 18,106 319,400 SH SOLE 319,400
- -----------------------------------------------------------------------------------------------------------------------------------
FORD MTR CO DEL CALL 345370900 17,006 300,000 SH CALL SOLE 300,000
- -----------------------------------------------------------------------------------------------------------------------------------
FORT BEND HOLDING CORP COM 346824105 298 17,000 SH SOLE 17,000
- -----------------------------------------------------------------------------------------------------------------------------------
GA FINL INC COM 361437106 2,041 138,400 SH SOLE 138,400
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL CHEM GROUP INC COM 369332101 1,991 151,700 SH SOLE 151,700
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP COM 370442105 7,395 85,000 SH SOLE 85,000
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP CALL 370442905 106,053 1,219,000 SH CALL SOLE 1,219,000
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP COM 370442832 8,746 173,400 SH SOLE 173,400
- -----------------------------------------------------------------------------------------------------------------------------------
GOLDEN ST BANCORP INC COM 381197102 3,695 166,060 SH SOLE 166,060
- -----------------------------------------------------------------------------------------------------------------------------------
GRANITE STATE BANKS COM 387472103 2,823 133,613 SH SOLE 133,613
- -----------------------------------------------------------------------------------------------------------------------------------
HF BANCORP INC COM 403910102 7,113 405,000 SH SOLE 405,000
- -----------------------------------------------------------------------------------------------------------------------------------
HF FINL CORP COM 404172108 4,321 283,350 SH SOLE 283,350
- -----------------------------------------------------------------------------------------------------------------------------------
HANNA M A CO COM 410522106 8,060 629,100 SH SOLE 629,100
- -----------------------------------------------------------------------------------------------------------------------------------
HARVEST HOME FINL CORP COM 41753P107 1,060 69,500 SH SOLE 69,500
- -----------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM 419352109 6,211 473,200 SH SOLE 473,200
- -----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM 437076102 311 5,000 SH SOLE 5,000
- -----------------------------------------------------------------------------------------------------------------------------------
HOMESTEAD BANCORP INC COM 437698103 346 43,300 SH SOLE 43,300
- -----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM 450091103 5,603 309,150 SH SOLE 309,150
- -----------------------------------------------------------------------------------------------------------------------------------
INCO LTD COM 453258402 8,187 615,000 SH SOLE 615,000
- -----------------------------------------------------------------------------------------------------------------------------------
INDEPENDENCE FED SVGS BK COM 453432106 1,185 87,800 SH SOLE 87,800
- -----------------------------------------------------------------------------------------------------------------------------------
INDEPENDENT BANKSHARES INC COM 453841207 869 81,782 SH SOLE 81,782
- -----------------------------------------------------------------------------------------------------------------------------------
IROQUOIS BANCORP INC COM 463347104 793 38,000 SH SOLE 38,000
- -----------------------------------------------------------------------------------------------------------------------------------
JEFFERSON SVGS BANCORP INC E COM 474900107 1,732 152,280 SH SOLE 152,280
- -----------------------------------------------------------------------------------------------------------------------------------
KANKAKEE BANCORP INC COM 484243100 3,620 136,600 SH SOLE 136,600
- -----------------------------------------------------------------------------------------------------------------------------------
KENTUCKY ELEC STL INC COM 49127B100 1,001 296,500 SH SOLE 296,500
- -----------------------------------------------------------------------------------------------------------------------------------
KEYSTONE CONS INDS INC COM 493422109 463 84,200 SH SOLE 84,200
- -----------------------------------------------------------------------------------------------------------------------------------
LADISH INC COM NEW 505754200 1,996 290,300 SH SOLE 290,300
- -----------------------------------------------------------------------------------------------------------------------------------
LEXINGTON B&L FINL CORP COM 529017105 710 64,400 SH SOLE 64,400
- -----------------------------------------------------------------------------------------------------------------------------------
LONG ISLAND FINANCIAL CORP COM 542669106 319 27,000 SH SOLE 27,000
- -----------------------------------------------------------------------------------------------------------------------------------
LUND INTL HLDGS INC COM 550368104 921 144,400 SH SOLE 144,400
- -----------------------------------------------------------------------------------------------------------------------------------
MBLA FINL CORP COM 552623100 380 19,600 SH SOLE 19,600
- -----------------------------------------------------------------------------------------------------------------------------------
MB FINL INC COM 55263D107 2,703 202,100 SH SOLE 202,100
- -----------------------------------------------------------------------------------------------------------------------------------
M D C HLDGS INC COM 552676108 8,290 576,700 SH SOLE 576,700
- -----------------------------------------------------------------------------------------------------------------------------------
MARGATE INDS INC COM 566902409 109 62,499 SH SOLE 62,499
- -----------------------------------------------------------------------------------------------------------------------------------
MARK IV INDS INC COM 570387100 10,345 795,750 SH SOLE 795,750
- --------------------------------------------------------------------------------- -------------------------------------------------
MERCANTILE BANCORORPORATION INC COM 587342106 3,810 80,200 SH SOLE 80,200
- -----------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC COM 590188108 55,357 625,500 SH SOLE 625,500
- -----------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC CALL 590188908 50,666 572,500 SH CALL SOLE 572,500
- -----------------------------------------------------------------------------------------------------------------------------------
MIDSOUTH BANCORP COM 598039105 202 18,250 SH SOLE 18,250
- -----------------------------------------------------------------------------------------------------------------------------------
MIDWEST BANCSHARES INC DEL COM 59825Hl01 748 50,700 SH SOLE 50,700
- -----------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER & CO COM 617446448 6,351 63,550 SH SOLE 63,550
- -----------------------------------------------------------------------------------------------------------------------------------
MOTOR CLUB AMER COM 619823107 362 26,300 SH SOLE 26,300
- -----------------------------------------------------------------------------------------------------------------------------------
NVR INC COM 62944T105 5,535 131,400 SH SOLE 131,400
- -----------------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTL CORP NEW COM 63934E108 82,646 2,056,500 SH SOLE 2,056,500
- -----------------------------------------------------------------------------------------------------------------------------------
NEW HAMPSHIRE THRIFT BANCSHS COM 644722100 392 27,000 SH SOLE 27,000
- -----------------------------------------------------------------------------------------------------------------------------------
NIAGARA BANCORP INC COM 652914102 1,435 143,500 SH SOLE 143,500
- -----------------------------------------------------------------------------------------------------------------------------------
NORTH BANCSHARES INC COM 657467106 909 75,000 SH SOLE 75,000
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHEAST BANCORP COM 663904100 474 47,400 SH SOLE 47,400
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHEAST PA FINL CORP COM 663905107 2,809 256,800 SH SOLE 256,800
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHWEST BANCORP INC PA COM 667328108 2,738 296,000 SH SOLE 296,000
- -----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM 693475105 3,834 69,000 SH SOLE 69,000
- -----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP CALL 693475905 2,500 45,000 SH CALL SOLE 45,000
- -----------------------------------------------------------------------------------------------------------------------------------
PACCAR INC COM 693718108 4,119 100,000 SH SOLE 100,000
- -----------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC COM 695629105 6,081 152,500 SH SOLE 152,500
- -----------------------------------------------------------------------------------------------------------------------------------
PENNFED FINL SVCS INC COM 708167101 12,810 800,600 SH SOLE 800,600
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES BANCSHARES INC MASS COM 709795108 3,780 201,598 SH SOLE 201,598
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES BANCORP INC DEL COM 709909105 801 81,100 SH SOLE 81,100
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP COM 711147108 720 40,000 SH SOLE 40,000
- -----------------------------------------------------------------------------------------------------------------------------------
PINNACLE BANCSHARES INC COM 722903101 1,613 172,000 SH SOLE 172,000
- -----------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS BANCORP INC COM 730234101 143 20,000 SH SOLE 20,000
- -----------------------------------------------------------------------------------------------------------------------------------
POTTERS FINL CORP COM 738140102 666 51,700 SH SOLE 51,700
- -----------------------------------------------------------------------------------------------------------------------------------
PRESTIGE BANCORP INC COM 741115109 517 41,356 SH SOLE 41,356
- -----------------------------------------------------------------------------------------------------------------------------------
PRIMEX TECHNOLOGIES INC COM 741597108 8,346 402,200 SH SOLE 402,200
- -----------------------------------------------------------------------------------------------------------------------------------
PRINCETON NATL BANCORP INC COM 742282106 2,927 169,650 SH SOLE 169,650
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDENT FINL HLDGS INC COM 743868101 5,367 322,800 SH SOLE 322,800
- -----------------------------------------------------------------------------------------------------------------------------------
QUAKER CITY BANCORP INC COM 74731Kl06 853 56,875 SH SOLE 56,875
- -----------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC COM 759451107 4,154 144,500 SH SOLE 144,500
- -----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC SECURITY FINL CORP COM 760758102 939 101,509 SH SOLE 101,509
- -----------------------------------------------------------------------------------------------------------------------------------
RICHMOND CNTY FINL CORP COM 764556106 3,597 242,806 SH SOLE 242,806
- -----------------------------------------------------------------------------------------------------------------------------------
RIGGS NATL CORP WASH DC COM 766570105 2,531 150,000 SH SOLE 150,000
- -----------------------------------------------------------------------------------------------------------------------------------
RIVER VY BANCORP COM 768475105 1,586 118,000 SH SOLE 118,000
- -----------------------------------------------------------------------------------------------------------------------------------
ROHN INDS INC COM 775381106 3,035 1,367,740 SH SOLE 1,367,740
- -----------------------------------------------------------------------------------------------------------------------------------
SFS BANCORP INC COM COM 784166100 1,787 95,300 SH SOLE 95,300
- -----------------------------------------------------------------------------------------------------------------------------------
SGV BANCORP INC COM 78422T102 2,287 196,700 SH SOLE 196,700
- -----------------------------------------------------------------------------------------------------------------------------------
SIFCO INDS INC COM 826546103 1,603 210,200 SH SOLE 210,200
- -----------------------------------------------------------------------------------------------------------------------------------
SKANEATELES BANCORP INC COM 830506101 2,035 90,950 SH SOLE 90,950
- -----------------------------------------------------------------------------------------------------------------------------------
SOUTHDOWN INC COM 841297104 698 13,000 SH SOLE 13,000
- -----------------------------------------------------------------------------------------------------------------------------------
SOUTHERN BANC INC COM 842233108 1,180 97,300 SH SOLE 97,300
- -----------------------------------------------------------------------------------------------------------------------------------
SOUTHFIRST BANCSHARES INC COM 844271106 1,303 98,300 SH SOLE 98,300
- -----------------------------------------------------------------------------------------------------------------------------------
SPARTON CORP COM 847235108 512 89,000 SH SOLE 89,000
- -----------------------------------------------------------------------------------------------------------------------------------
SUCCESS BANCSHARES INC COM 864578109 2,129 202,800 SH SOLE 202,800
- -----------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BKS INC COM 867914103 1,245 20,000 SH SOLE 20,000
- -----------------------------------------------------------------------------------------------------------------------------------
TF FINL CORP COM 872391107 4,093 257,832 SH SOLE 257,832
- -----------------------------------------------------------------------------------------------------------------------------------
TECHE HLDG CO COM 878330109 773 53,300 SH SOLE 53,300
- -----------------------------------------------------------------------------------------------------------------------------------
TEREX CORP COM 880779103 16,183 670,800 SH SOLE 670,800
- -----------------------------------------------------------------------------------------------------------------------------------
TEXARKANA FIRST FINL CORP COM 881801104 618 26,000 SH SOLE 26,000
- -----------------------------------------------------------------------------------------------------------------------------------
TITAN CORP COM 888266103 7,274 1,419,300 SH SOLE 1,419,300
- -----------------------------------------------------------------------------------------------------------------------------------
UAL CORP COM PAR $0.01 902549500 8,091 103,900 SH SOLE 103,900
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC COM 90262T308 1,375 100,000 SH SOLE 100,000
- -----------------------------------------------------------------------------------------------------------------------------------
UMB FINL CORP COM 902788108 1,696 43,760 SH SOLE 43,760
- -----------------------------------------------------------------------------------------------------------------------------------
U S T CORP COM 902900109 7,094 324,775 SH SOLE 324,775
- -----------------------------------------------------------------------------------------------------------------------------------
U S B HOLDING INC COM 902910108 1,207 86,240 SH SOLE 86,240
- -----------------------------------------------------------------------------------------------------------------------------------
U S G CORP COM NEW 903293405 18,685 363,700 SH SOLE 363,700
- -----------------------------------------------------------------------------------------------------------------------------------
UNIONBANCORP INC COM 908908106 4,542 324,400 SH SOLE 324,400
- -----------------------------------------------------------------------------------------------------------------------------------
WAINWRIGHT BK & TR CO BOSTON MA COM 930705108 233 30,000 SH SOLE 30,000
- -----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUT INC COM 939322103 16,219 396,800 SH SOLE 396,800
- -----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUT INC CALL 939322903 4,088 100,000 SH CALL SOLE 100,000
- -----------------------------------------------------------------------------------------------------------------------------------
WEBSTER FINL CORP CONN COM 947890109 7,675 265,806 SH SOLE 265,806
- -----------------------------------------------------------------------------------------------------------------------------------
WHITNEY HLDG CO COM 966612103 3,885 105,268 SH SOLE 105,268
- -----------------------------------------------------------------------------------------------------------------------------------
WYMAN/GORDON CO COM 983085101 5,532 598,000 SH SOLE 598,000
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
