UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: Stephen Watson
Address: 237 Park Avenue, Suite 801
New York, NY 10017
Form 13F File Number: 28-05517
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: Stephen Watson
Title: General Partner, Manager
Phone: (212) 692-3640
Signature, Place, and Date of Signing:
/s/ Stephen Watson New York, New York May 15, 2000
[Signature] [City, State] [Date]
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).)
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: Two*
Form 13F Information Table Entry Total: 218
Form 13F Information Table Value Total: $233,014
(thousands)
List of Other Included Managers:
No. Name
- --- ----
(1) Watson Asset Management, Inc.
(2) Watson Advisors LLC
* Since these entities are wholly owned and controlled by Mr. Watson they are
treated as a single entity for purposes of the Information Table.
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. [If there are no entries in this
list, state "NONE" and omit the column headings and list entries.]
NONE
<PAGE>
<TABLE>
IN-
VEST-
MENT
DIS- OTHER VOTING
TITLE OF CUSIP MARKET SHARES OR SH PUT/ CRE- MANA- AUTHORITY
NAME OF ISSUER CLASS NUMBER VALUE PRN AMT PRN CALL TION GERS SOLE SHARED NONE
-------------- ----- ------ ----- ------- --- ---- ---- ---- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABAXIS INC. Common 002567105 $ 2,459,738.00 293,700 SH Other (1) Sole
ACTRADE INTERNATIONAL LTD. Common 004931101 $ 774,000.00 48,000 SH Other (1) Sole
ADAC LABORATORIES Common 005313200 $ 962,500.00 70,000 SH Other (1) Sole
ALLIED PRODUCTS CORP Common 019411107 $ 865,200.00 288,400 SH Other (1) Sole
APPLIED EXTRUSION TECH. Common 038196101 $ 818,751.00 100,000 SH Other (1) Sole
APPLIED INNOVATION INC. Common 037916103 $ 397,500.00 30,000 SH Other (1) Sole
ALLIED DEVICES CORP Common 019120104 $ 345,001.00 120,000 SH Other (1) Sole
ADVANTAGE LEARNING SYS, INC Common 00757K100 $ 1,401,488.00 84,300 SH Other (1) Sole
AMES DEPARTMENT STORES, INC. Common 030789507 $ 368,437.00 15,000 SH Other (1) Sole
AMERICAN SHARED HOSP SVCS Common 029595105 $ 637,500.00 150,000 SH Other (1) Sole
ANSYS, INC. Common 03662Q105 $ 2,494,000.00 232,000 SH Other (1) Sole
AIRGAS, INC. Common 009363102 $ 731,500.00 88,000 SH Other (1) Sole
AMERIGON, INC. Common 03070L300 $ 2,686,125.00 174,000 SH Other (1) Sole
AFTERMATH TECHNOLOGY CORP Common 008318107 $ 1,606,250.00 128,000 SH Other (1) Sole
AMERICAN TECH CORP-DEL Common 030145205 $10,122,501.00 100,000 SH Other (1) Sole
ARTESYN TECHNOLOGIES, INC. Common 043127109 $ 378,750.00 20,000 SH Other (1) Sole
AVERT, INC. Common 053596102 $ 1,500,000.00 50,000 SH Other (1) Sole
AVNET, INC. Common 053807103 $ 441,000.00 7,000 SH Other (1) Sole
AVTEAM, INC Common 054527205 $ 1,090,250.00 311,500 SH Other (1) Sole
BARRINGER TECH INC NEW Common 068509603 $ 1,256,251.00 200,000 SH Other (1) Sole
BE AVIONICS INC Common 073302101 $ 1,935,813.00 329,500 SH Other (1) Sole
BOUNDLESS CORP NEW Common 101706208 $ 1,319,701.00 84,800 SH Other (1) Sole
BON-TON STORES INC Common 09776J101 $ 272,813.00 90,000 SH Other (1) Sole
BIOPURE CORP. Common 09065H105 $ 333,125.00 10,000 SH Other (1) Sole
BRADLEES INC - NEW Common 104499207 $ 2,258,438.00 365,000 SH Other (1) Sole
BURLINGTON INDUSTRIES, INC. Common 121693105 $ 65,625.00 15,000 SH Other (1) Sole
BIO VASCULAR INC Common 090923103 $ 1,116,250.00 235,000 SH Other (1) Sole
BRITESMILE, INC. Common 104647992 $ 956,250.00 100,000 SH Other (1) Sole
BEAZER HOMES USA, INC. Common 07556Q105 $ 375,000.00 20,000 SH Other (1) Sole
CATO CORP. Common 149205106 $ 587,500.00 50,000 SH Other (1) Sole
CASCADE CORP. Common 147195101 $ 550,000.00 50,000 SH Other (1) Sole
CSK AUTO CORP Common 125965103 $ 2,606,313.00 187,000 SH Other (1) Sole
CONCORD EFS, INC. Common 206197105 $ 229,375.00 10,000 SH Other (1) Sole
PILGRIMS PRIDE CORP Common 72142R108 $ 568,125.00 90,000 SH Other (1) Sole
CLOSURE MEDICAL CORP Common 189093107 $ 1,105,125.00 42,100 SH Other (1) Sole
COMDIAL CORP Common 200332302 $ 525,000.00 40,000 SH Other (1) Sole
COMARCO, INC. Common 200080109 $ 870,188.00 25,500 SH Other (1) Sole
CHIQUITA BRANDS, INC. Common 170032106 $ 47,500.00 10,000 SH Other (1) Sole
CERADYNE INC-CALIF Common 156710105 $ 1,045,000.00 110,000 SH Other (1) Sole
CHASE INDUSTRIES, INC. Common 161568100 $ 262,500.00 30,000 SH Other (1) Sole
1-800 CONTACTS, INC. Common 681977104 $ 519,375.00 15,000 SH Other (1) Sole
COMTEK RESEARCH, INC. Common 204682108 $ 971,250.00 70,000 SH Other (1) Sole
COMMSCOPE, INC. Common 203372107 $ 822,375.00 18,000 SH Other (1) Sole
CORVAS INTERNATIONAL, INC. Common 221005101 $ 550,000.00 50,000 SH Other (1) Sole
COVENTRY HEALTH CARE INC Common 222862104 $ 510,000.00 60,000 SH Other (1) Sole
CYMER, INC. Common 232572107 $ 1,000,000.00 20,000 SH Other (1) Sole
COYOTE NETWORK SYSTEMS, INC. Common 22406P108 $ 259,600.00 23,600 SH Other (1) Sole
CYTEC INDUSTRIES, INC. Common 232820100 $ 612,500.00 20,000 SH Other (1) Sole
DISCOUNT AUTO PARTS INC Common 254642101 $ 448,663.00 50,200 SH Other (1) Sole
DOCUMENTUM, INC. Common 256159104 $ 415,740.00 10,000 SH Other (1) Sole
DIGITAL LAVA, INC. Common 253928105 $ 643,750.00 50,000 SH Other (1) Sole
DELTEK SYSTMS INC Common 24785A108 $ 1,186,720.00 77,500 SH Other (1) Sole
DELUXE CORP. Common 248019101 $ 1,060,000.00 40,000 SH Other (1) Sole
DIONEX CORP. Common 254546104 $ 658,750.00 20,000 SH Other (1) Sole
DOLE FOOD, INC. Common 256605106 $ 583,125.00 30,000 SH Other (1) Sole
GTS DURATEK INC Common 36237J107 $ 1,566,625.00 151,000 SH Other (1) Sole
DOLLAR THRIFTY AUTO. GRP Common 256743105 $ 2,169,063.00 126,200 SH Other (1) Sole
DT INDUSTRIES, INC. Common 23333J108 $ 637,500.00 50,000 SH Other (1) Sole
DAL-TILE INTERNATIONAL INC Common 23426R108 $ 1,931,194.00 243,300 SH Other (1) Sole
DTM CORP Common 12222L103 $ 564,006.00 220,100 SH Other (1) Sole
HEARX LTD. Common 422360305 $ 840,850.00 200,800 SH Other (1) Sole
ECOLAB, INC. Common 278865100 $ 917,187.00 25,000 SH Other (1) Sole
ELCOR CORP. Common 284443108 $ 2,415,000.00 70,000 SH Other (1) Sole
ELTRAX SYSTEMS INC Common 290475104 $ 232,969.00 17,500 SH Other (1) Sole
EQUITY MARKETING INC Common 294724109 $ 961,876.00 90,000 SH Other (1) Sole
EASTMAN CHEMICAL CORP. Common 277432100 $ 455,000.00 10,000 SH Other (1) Sole
ENCAD INC Common 292503109 $ 2,119,700.00 385,400 SH Other (1) Sole
EAGLE PACIFIC INDUSTRIES INC Common 269719100 $ 4,680,000.00 320,000 SH Other (1) Sole
EXABYTE CORP Common 300615101 $ 1,041,251.00 140,000 SH Other (1) Sole
EXCO RESOURCES INC NEW Common 269279204 $ 650,000.00 100,000 SH Other (1) Sole
FTI CONSULTING INC Common 302941109 $ 810,000.00 120,000 SH Other (1) Sole
FLEXTRONICS INTERNATIONAL Common Y2573F102 $ 211,313.00 3,000 SH Other (1) Sole
FLEMING COMPANIES, INC. Common 339130106 $ 1,049,856.00 69,700 SH Other (1) Sole
FUNDTECH LTD. Common M47095100 $ 273,000.00 10,500 SH Other (1) Sole
FOOTSTAR, INC. Common 344912100 $ 423,750.00 15,000 SH Other (1) Sole
GADZOOKS INC Common 362553109 $ 535,681.00 24,700 SH Other (1) Sole
GAYLORD CONTAINER CORP CLA Common 368145108 $ 765,000.00 120,000 SH Other (1) Sole
GENERAL DATACOMM INDUSTR. Common 369487103 $ 370,000.00 40,000 SH Other (1) Sole
GRIFFON CORP Common 398433102 $ 312,501.00 40,000 SH Other (1) Sole
GOOD GUYS INC Common 382091106 $ 618,750.00 150,000 SH Other (1) Sole
GIGA-TRONICS, INC. Common 375175106 $ 335,625.00 30,000 SH Other (1) Sole
GENERAL BEARING CORP. Common 369147103 $ 520,850.00 94,700 SH Other (1) Sole
GENESIS MICROCHIP, INC. Common 371933102 $ 978,750.00 45,000 SH Other (1) Sole
WR GRACE & CO. Common 38388F108 $ 1,545,000.00 120,000 SH Other (1) Sole
GUEST SUPPLY INC Common 401630108 $ 2,280,001.00 128,000 SH Other (1) Sole
HUNTCO INC - CL A Common 445661101 $ 2,143,275.00 504,300 SH Other (1) Sole
HOLLIS-EDEN PHARMACEUTICALS Common 435902101 $ 576,725.00 39,100 SH Other (1) Sole
HAGGAR CORP. Common 405173105 $ 550,000.00 40,000 SH Other (1) Sole
HANGER ORTHOPEDIC GROUP, INC. Common 41043F208 $ 525,000.00 100,000 SH Other (1) Sole
HI/FN, INC. Common 428358105 $ 1,528,970.00 23,500 SH Other (1) Sole
HEALTH MANAGEMENT STMS INC Common 42219M100 $ 7,211,875.00 150,000 SH Other (1) Sole
HEILIG MEYERS CO. Common 422893107 $ 1,082,813.00 275,000 SH Other (1) Sole
HOMESTORE COM, INC. Common 437852106 $ 487,500.00 10,000 SH Other (1) Sole
HUMANA, INC. Common 444859102 $ 804,375.00 110,000 SH Other (1) Sole
MARINEMAX INC Common 567908108 $ 1,987,088.00 207,800 SH Other (1) Sole
I-FLOW CORP NEW Common 449520105 $ 1,725,000.00 300,000 SH Other (1) Sole
IXL ENTERPRISES, INC. Common 450718101 $ 280,000.00 10,000 SH Other (1) Sole
INTERVOICE-BRITE, INC. Common 461142101 $ 577,500.00 20,000 SH Other (1) Sole
INVISION TECHNOLOGIES INC Common 461851107 $ 1,609,876.00 243,000 SH Other (1) Sole
IOMEGA CORP. Common 462030107 $ 788,425.00 206,800 SH Other (1) Sole
ISS GROUP, INC. Common 450306105 $ 1,165,000.00 10,000 SH Other (1) Sole
ITEQ INC Common 450430103 $ 121,875.00 100,000 SH Other (1) Sole
KERAVISION INC Common 492061106 $ 452,262.00 74,600 SH Other (1) Sole
KEYSTONE CONSOLIDATED INDS Common 493422109 $ 468,751.00 100,000 SH Other (1) Sole
KIRBY EXPLORATION CO Common 497266106 $ 39,500.00 2,000 SH Other (1) Sole
ROMAC INTERNATIONAL, INC. Common 775835101 $ 407,813.00 45,000 SH Other (1) Sole
KENNEDY WILSON, INC. Common 489399204 $ 166,875.00 30,000 SH Other (1) Sole
LCA-VISION INC NEW Common 501803209 $ 254,688.00 50,000 SH Other (1) Sole
LECROY CORP. Common 52324W109 $ 1,181,250.00 75,000 SH Other (1) Sole
CONCORD CAMERA CORP. Common 206156101 $ 852,500.00 15,500 SH Other (1) Sole
PHOTOLOFT.COM GROUP, INC. Common 719348104 $ 131,250.00 50,000 SH Other (1) Sole
LTV CORP. Common 501921100 $ 534,375.00 150,000 SH Other (1) Sole
LUFKIN INDUSTRIES INC Common 549764108 $ 580,000.00 40,000 SH Other (1) Sole
LYONDELL PETROCHEMICAL CO. Common 552078107 $ 737,500.00 50,000 SH Other (1) Sole
MANAUGHTON APPAREL GR. INC Common 582524104 $ 2,062,500.00 250,000 SH Other (1) Sole
MATRIA HEALTHCARE INC Common 576817100 $ 1,620,313.00 305,000 SH Other (1) Sole
MIKOHN GAMING CORP Common 59862K108 $ 1,232,500.00 170,000 SH Other (1) Sole
MITEK SYSTEMS, INC. Common 606710200 $ 895,000.00 80,000 SH Other (1) Sole
MONACO COACH CORP. Common 60886R103 $ 1,140,000.00 60,000 SH Other (1) Sole
MATERIAL SCIENCES CORP Common 576674105 $ 1,620,000.00 120,000 SH Other (1) Sole
MISONIX INC Common 604871103 $ 871,126.00 101,000 SH Other (1) Sole
MEASUREMENT SPECIALTIES INC Common 583421102 $ 2,025,000.00 80,000 SH Other (1) Sole
METRON TECHMOLOGY Common $ 630,000.00 30,000 SH Other (1) Sole
METAL MANAGEMENT INC Common 591097100 $ 1,253,593.00 565,000 SH Other (1) Sole
MAXTOR CORP. Common 577729205 $ 646,875.00 50,000 SH Other (1) Sole
EDULINK, INC. Common $ 30,000.00 100,000 SH Other (1) Sole
NASH FINCH, CO. Common 631158102 $ 1,247,189.00 153,500 SH Other (1) Sole
NORTH AMERICAN SCIENTIFIC, INC. Common 65715D100 $ 430,000.00 20,000 SH Other (1) Sole
NEOPROBE CORP. Common 640518106 $ 210,000.00 160,000 SH Other (1) Sole
NESCO, INC. Common 635838105 $ 300,669.00 65,900 SH Other (1) Sole
KNIGHT/ TRIMARK GROUP Common 499068104 $ 510,000.00 10,000 SH Other (1) Sole
NOBLE INTERNATIONAL LTD Common 655053106 $ 2,268,000.00 144,000 SH Other (1) Sole
NETWORK PERIPHERALS INC Common 64121R100 $ 543,150.00 15,300 SH Other (1) Sole
NEWPARK RESOURCES INC NEW Common 651718504 $ 2,000,000.00 250,000 SH Other (1) Sole
NATIONAL STEEL CORP-CL B Common 637844309 $ 1,106,251.00 150,000 SH Other (1) Sole
NS GROUP, INC. Common 628916108 $ 2,936,250.00 180,000 SH Other (1) Sole
NETBANK, INC. Common 640933107 $ 765,700.00 58,900 SH Other (1) Sole
NETSMART TECHNOLOGIES INC Common 64114W306 $ 1,170,313.00 107,000 SH Other (1) Sole
NU HORIZONS ELECTRONICS CORP. Common 669908105 $ 2,433,750.00 110,000 SH Other (1) Sole
NATIONAL RV HOLDINGS, INC. Common 637277104 $ 632,500.00 40,000 SH Other (1) Sole
QUANEX CORP Common 747620102 $ 450,000.00 25,000 SH Other (1) Sole
NETZERO, INC. Common 64122R109 $ 610,000.00 40,000 SH Other (1) Sole
OAK TECHNOLOGY, INC. Common 671802106 $ 577,500.00 30,000 SH Other (1) Sole
ONEIDA LTD. Common 682505102 $ 1,162,500.00 60,000 SH Other (1) Sole
OGDEN CORP. Common 676346109 $ 668,500.00 56,000 SH Other (1) Sole
OLIN CORP. Common 680665205 $ 1,366,750.00 77,000 SH Other (1) Sole
OM GROUP, INC. Common 670872100 $ 1,365,000.00 30,000 SH Other (1) Sole
OWENS & MINOR INC HLDG CO Common 690732102 $ 2,726,376.00 256,600 SH Other (1) Sole
OMI CORP NEW Common Y6476W104 $ 5,875,189.00 1,208,000 SH Other (1) Sole
ORBOTECH LTD. Common M75253100 $ 850,000.00 10,000 SH Other (1) Sole
OBJECTIVE SYSTEMS INTEGRATORS Common 674424106 $ 1,014,525.00 66,800 SH Other (1) Sole
UNIVERSAL DISPLAY CORP. Common 91347P105 $ 783,563.00 31,500 SH Other (1) Sole
QUEPASA.COM, INC. Common 74833W107 $ 234,225.00 34,700 SH Other (1) Sole
PAUL HARRIS STORES INC NEW Common 703555201 $ 1,561,094.00 515,000 SH Other (1) Sole
PF CHANGS CHINA BISTRO Common 693334108 $ 993,751.00 30,000 SH Other (1) Sole
POLYMER GROUP, INC. Common 731745105 $ 154,275.00 12,100 SH Other (1) Sole
PROXYMED, INC. Common 744290107 $ 510,000.00 60,000 SH Other (1) Sole
PIER 1 IMPORTS INC Common 720279108 $ 1,947,500.00 190,000 SH Other (1) Sole
PALL CORP. Common 696429307 $ 448,750.00 20,000 SH Other (1) Sole
PLANTRONICS, INC. Common 727493108 $ 465,938.00 5,000 SH Other (1) Sole
PANJA, INC. Common 698493103 $ 230,000.00 10,000 SH Other (1) Sole
PROFORMANCE TECHNOLOGIES, INC. Common 71376K102 $ 1,737,500.00 40,000 SH Other (1) Sole
PACTIV CORPORATION Common 695257105 $ 695,000.00 80,000 SH Other (1) Sole
PRAXAIR, INC. Common 74005P104 $ 2,289,375.00 55,000 SH Other (1) Sole
PAPA JOHN'S INTERNATIONAL, INC. Common 698813102 $ 495,000.00 15,000 SH Other (1) Sole
QAD, INC. Common 74727D108 $ 887,500.00 100,000 SH Other (1) Sole
QUEST EDUCATION CORP Common 74835F102 $ 1,235,101.00 143,200 SH Other (1) Sole
QUAKER FABRIC CORP NEW Common 747399103 $ 3,701,850.00 800,400 SH Other (1) Sole
RESEARCH FRONTIERS, INC. Common 760911107 $ 442,500.00 15,000 SH Other (1) Sole
RICHARDSON ELECTRONICS LTD. Common 763165107 $ 1,100,000.00 100,000 SH Other (1) Sole
RESPIRONICS INC Common 761230101 $ 1,581,250.00 110,000 SH Other (1) Sole
REHABCARE GROUP INC Common 759148109 $ 1,703,438.00 69,000 SH Other (1) Sole
RUSSELL CORP. Common 782352108 $ 243,313.00 17,000 SH Other (1) Sole
ROBINSON NUGENT INC Common 770810109 $ 2,187,500.00 140,000 SH Other (1) Sole
ROHM & HAAS CO. Common 775371107 $ 446,250.00 10,000 SH Other (1) Sole
ROHN INDUSTRIES INC Common 775381106 $ 1,199,250.00 369,000 SH Other (1) Sole
THE ROWE COMPANIES Common 779528108 $ 179,975.00 31,300 SH Other (1) Sole
DISPATCH MANAGEMENT SVCS C Common 254937106 $ 277,500.00 120,000 SH Other (1) Sole
SAGE INC Common 786632109 $ 748,000.00 34,000 SH Other (1) Sole
FRESH CHOICE, INC. Common 358032100 $ 456,250.00 100,000 SH Other (1) Sole
SAWTEK, INC. Common 805468105 $ 1,156,375.00 22,000 SH Other (1) Sole
SCHNITZER STEEL INDS. INC. Common 806882106 $ 1,210,188.00 67,000 SH Other (1) Sole
SALTON INC Common 795757103 $ 1,691,625.00 39,000 SH Other (1) Sole
SHAW GROUP INC Common 820280105 $ 2,643,750.00 75,000 SH Other (1) Sole
SHERWOOD BRANDS INC CL A Common 82437L104 $ 165,200.00 82,600 SH Other (1) Sole
ANCHOR GAMING Common 033037102 $ 663,906.00 17,500 SH Other (1) Sole
STEIN MART INC Common 858375108 $ 2,476,898.00 300,320 SH Other (1) Sole
SMITH MICRO SOFTWARE, INC. Common 832154108 $ 320,000.00 20,000 SH Other (1) Sole
SMITHWAY MOTOR XPRESS CORP. Common 832653109 $ 234,500.00 67,000 SH Other (1) Sole
SYNOPSYS, INC. Common 871607107 $ 975,000.00 20,000 SH Other (1) Sole
SPECTRUM CONTROL, INC. Common 847615101 $ 805,000.00 70,000 SH Other (1) Sole
STAR BUFFET Common 855086104 $ 827,475.00 259,600 SH Other (1) Sole
STEEL TECHNOLOGIES Common 858147101 $ 635,397.00 80,050 SH Other (1) Sole
SILVERLEAF RESORTS Common 828395103 $ 137,200.00 34,300 SH Other (1) Sole
TACO CABANA INC CL A Common 873425102 $ 653,125.00 110,000 SH Other (1) Sole
TECH DATA CORP Common 878237106 $ 1,693,063.00 51,500 SH Other (1) Sole
TERA COMPUTER Common 88076P108 $ 708,125.00 110,000 SH Other (1) Sole
THOMAS GROUP INC Common 884402108 $ 2,416,500.00 214,800 SH Other (1) Sole
TENET HEALTHCARE CORP. Common 88033G100 $ 930,000.00 40,000 SH Other (1) Sole
3DO CO Common 88553W105 $ 1,259,375.00 130,000 SH Other (1) Sole
TIVO, INC. Common 888706108 $ 727,125.00 21,000 SH Other (1) Sole
THOMAS & BETTS CORP. Common 884315102 $ 480,250.00 17,000 SH Other (1) Sole
TODD SHIPYARDS CORP. Common 889039103 $ 77,500.00 10,000 SH Other (1) Sole
TOYS R US Common 892335100 $ 814,687.00 55,000 SH Other (1) Sole
TRIPATH IMAGING, INC. Common 896942109 $ 446,875.00 50,000 SH Other (1) Sole
TUESDAY MORNING CORP. Common 899035505 $ 287,500.00 20,000 SH Other (1) Sole
TUPPERWARE CORP. Common 899896104 $ 529,719.00 33,500 SH Other (1) Sole
TITAN INTERNATIONAL INC-ILL Common 88830M102 $ 1,285,126.00 178,800 SH Other (1) Sole
UNIROYAL TECHNOLOGY CORP Common 909163107 $ 940,000.00 20,000 SH Other (1) Sole
UTILX CORP Common 918031105 $ 250,000.00 40,000 SH Other (1) Sole
VIDAMED, INC. Common 926530106 $ 534,375.00 150,000 SH Other (1) Sole
VANTAGEMED CORP. Common 92208W106 $ 87,500.00 20,000 SH Other (1) Sole
TETRA TECHNOLOGY Common 88162G103 $ 356,250.00 15,000 SH Other (1) Sole
WENDYS INTERNATIONAL, INC. Common 950590109 $ 201,875.00 10,000 SH Other (1) Sole
WERNER ENTERPRISES, INC. Common 950755108 $ 425,000.00 25,000 SH Other (1) Sole
WHITE ELECTRIC DESIGNS CORP. Common 963801105 $ 1,933,750.00 130,000 SH Other (1) Sole
WOLVERINE TUBE, INC. Common 978093102 $ 896,875.00 70,000 SH Other (1) Sole
WINDMERE CORP. Common 973411101 $ 5,162,500.00 350,000 SH Other (1) Sole
TOTAL $233,014,866.00
===============
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