Symbol,Currency,Company,Security Type,Cusip,Shares,Market Value
AAP.AU,AUD,AAPT LTD,COMMON STOCK,,1441000,4473368.36
ADVNB,USD,ADVANTA CORPORATION,COMMON STOCK,007942204,484960,6577270
AEG SQ,USD,AEGON,PUT OPTION,0079249SQ,57000,4604250
"AES,IIAR",USD,AES CORP,PREFERRED STOCK,001034206,9430,540719.34
"AES,IIR",USD,AES CORP,PREFERRED STOCK,001034305,140570,8060330.51
AIR5.75%04.L,GBP,AIRTOURS PLC,BOND,,1000000,1918497.83
AZA0%14R,USD,ALZA CORP,BOND,022615AC2,15000000,9948204.37
AMZN4.75%09AR,USD,AMAZON.COM,BOND,023135AD8,7500000,7272653.01
AMFI,USD,"AMCORE FINANCIAL, INC",COMMON STOCK,023912108,100000,2306250
AOL,USD,AMERICA ONLINE,COMMON STOCK,02364J104,3000,331125.01
AIG1,USD,AMERICAN INTL. GROUP INC,COMMON STOCK,026874107,253010,29665422.5
ATHM.5246%18AR,USD,AT HOME CORP SER - A,BOND,045919AA5,5000000,3902168.78
ATHM1,USD,AT HOME CORP SER - A,COMMON STOCK,045919107,75800,4088462.51
T1,USD,AT&T CORPORATION,COMMON STOCK,001957109,372267,20777151.94
T3,USD,AT&T CORPORATION,COMMON STOCK,001957109,875727,48876513.19
ATG,USD,ATLANTA GAS & LIGHT,COMMON STOCK,001204106,53300,982718.76
ARC,USD,ATLANTIC RICHFIELD COMPANY,COMMON STOCK,048825103,125000,10445312.51
ATO,USD,ATMOS ENERGY CORPORATION,COMMON STOCK,049560105,39000,975000
AVDL,USD,AVONDALE INDUSTRIES INC,COMMON STOCK,054350103,557900,21758100
BJS,USD,B J SERVICES,COMMON STOCK,055482103,43300,1274643.76
BAA4.875%04.L,GBP,BAA PLC,BOND,,1000000,1682725.05
BMP,USD,BALLARD MEDICAL,COMMON STOCK,058566100,874100,20377456.25
ONE,USD,BANC ONE,COMMON STOCK,06423A103,188000,11197750.01
BKB,USD,BANK OF BOSTON CORP,COMMON STOCK,06605R106,177400,9069575.02
BK,USD,BANK OF NEW YORK,COMMON STOCK,064057102,337000,12363687.51
BEL/CWZ4.25%05A,USD,BELL ATLANTIC,BOND,07785GAC4,11000000,11335655.22
BEL4.25%05R,USD,BELL ATLANTIC,BOND,U0778KAD4,4000000,4122056.45
BRI,USD,BERKSHIRE REALTY COMPANY INC.,COMMON STOCK,084710102,166600,1926312.5
"BMW,.EU",EUR,BMW - GERMANY,PREFERRED STOCK,,6952,2613162.97
BOW,USD,BOWATER INC,COMMON STOCK,102183100,64300,3046212.51
BAPLC3.75%06.L,GBP,BRITISH AEROSPACE,BOND,,2000000,3253614
"BD,R",USD,BUDGET GROUP,PREFERRED STOCK,119001303,240000,8984003.75
BR,USD,"BURLINGTON RESOURCES, INC.",COMMON STOCK,122014103,68400,2958300
CWZ1,USD,CABLE AND WIRELESS ADR,COMMON STOCK,12682P104,85500,4146750
MEC,USD,CALENERGY,COMMON STOCK,59562V107,64600,2236775.02
"MEC,IIIR",USD,CALENERGY,PREFERRED STOCK,12946N309,97355,4592725.76
"MEC,IIR",USD,CALENERGY,PREFERRED STOCK,12946P403,50000,2459129.55
CSC6.25%03.L,GBP,CAPITAL SHOPPING CENTRES PLC,BOND,,1750000,3363189.1
CRB,USD,CAPSTAR BROADCASTING CORP,COMMON STOCK,14067G105,891050,24392493.75
CAH1,USD,"CARDINAL HEALTH, INC.",COMMON STOCK,14149Y108,298724,19155676.51
CAH3,USD,"CARDINAL HEALTH, INC.",COMMON STOCK,14149Y108,331599,21263785.89
CARCB.CO,DKK,CARLSBERG A/S,COMMON STOCK,,62500,2601529
"CSV,7",USD,"CARRIAGE SERVICES, INC.",PREFERRED STOCK,14444T101,40000,2226123.26
CCB,USD,CCB FINANCIAL CORP,COMMON STOCK,124875105,76600,4050225.01
CBC,USD,CENTURA BANKS INC,COMMON STOCK,15640T100,118200,6663525
CHA,USD,CHAMPION INTERNATIONAL,COMMON STOCK,158525105,90000,4308750.01
CHAR',USD,CHAPPAREL RESOURCES,WARRANT,159420207,52500,13125
CMB,USD,CHASE MANHATTAN CORPORATION,COMMON STOCK,16161A108,103000,8909500
CHV.TO,CAD,CHAUVCO RESOURCES LIMITED,COMMON STOCK,G19472102,152200,1034.32
CHIR1.9%00R,USD,CHIRON CORP,BOND,170040AB5,4000000,3889498.48
DIOR.EU,EUR,CHRISTIAN DIOR,COMMON STOCK,,6731,1101252.18
CFB,USD,CITIZENS FIRST BANCORP,COMMON STOCK,201647104,279955,6491456.56
BNK,USD,CNB BANCSHARES INC.,COMMON STOCK,126126101,457200,26060400
CUI,USD,"COACH USA, INC",COMMON STOCK,18975L106,263200,11037950.01
CNB,USD,COLONIAL BANCGROUP,COMMON STOCK,195493309,266800,3718525.01
CLG,USD,COLONIAL GAS COMPANY,COMMON STOCK,195674106,159400,5897800
CTM2%5.EU,EUR,COLT TELECOM,BOND,,1000000,806602.22
COT,USD,COLTEC INDUSTRIES INC,COMMON STOCK,196879100,839600,18208824.99
CMCSA,USD,COMCAST,COMMON STOCK,200300101,317300,11363306.25
CMA,USD,"COMERICA, INC.",COMMON STOCK,200340107,342225,20340998.44
CPG5.75%07.L,GBP,COMPASS GROUP PLC,BOND,,1000000,2572293.04
CCMC4.5%03AR,USD,CONCENTRA MANAGED CARE INC,BOND,20589TAB9,794000,747997.8
CCMC4.5%R,USD,CONCENTRA MANAGED CARE INC,BOND,20589TAC7,706000,665096.28
CNXT4.25%06AS,USD,"CONEXANT SYSTEMS, INC",BOND,207142AA8,2000000,2839810.45
CNC,USD,CONSECO INC,COMMON STOCK,208464107,74100,2255418.76
CNG,USD,CONSOLIDATED NATURAL GAS,COMMON STOCK,209615103,494100,30016575
CAM,USD,COOPER CAMERON CORP,COMMON STOCK,216640102,81900,3035418.75
CVS,USD,CVS DELAWARE,COMMON STOCK,126650100,60000,3045000
DHI,USD,D.R. HORTON INC.,COMMON STOCK,23331A109,203900,3389837.51
DMGO2.5%04.L,GBP,DAILY MAIL & GEN,BOND,,2000000,3258687.43
DPH,USD,DELPHI AUTOMOTIVE SYSTEMS CORP,COMMON STOCK,247126105,261500,4837750
DAL,USD,DELTA AIR LINES,COMMON STOCK,247361108,52500,3025312.51
DEXF.EU,EUR,DEXIA FRANCE,COMMON STOCK,,22070,2966382.36
DFRNOTE.TO,CAD,DIAMOND FIELDS RESOURCES INC,COMMON STOCK,,15382,104.53
DD,USD,DUPONT,COMMON STOCK,263534109,45200,3084900
EFU VG,USD,EASTERN ENTERPRISES,PUT OPTION,27637F9VG,50000,1664375
ELN0%18AS,USD,ELAN CORP PLC,BOND,284129AA1,8000000,4089555
ELN3,USD,ELAN CORP PLC,COMMON STOCK,284131208,18680,518370
ELBI,USD,"ELDORADO BANCSHARES, INC",COMMON STOCK,28467W106,78600,864600
EMC3.25%02R,USD,EMC CORP,BOND,26865YAA2,2469000,11996945.07
ENI.EU,EUR,ENI SPA,COMMON STOCK,,421678,2497624.1
EOG,USD,ENRON OIL & GAS,COMMON STOCK,293562104,294300,5959575
"ECJ,R",USD,ESTEE LAUDER,PREFERRED STOCK,518438205,40000,3828000
"ECT,6.25R",USD,ESTEE LAUDER,PREFERRED STOCK,518437207,45000,3912750
XL1,USD,EXEL LTD,COMMON STOCK,G32429105,90579,5117713.5
XON,USD,EXXON,COMMON STOCK,302290101,99000,7635375.01
"FDW,D",USD,FEDERATED DEPARTMENT STORES,PREFERRED STOCK,31410H127,215000,5751250
FITB1,USD,FIFTH THIRD BANCORP,COMMON STOCK,316773100,16918,1126104.37
FCF,USD,1st COMMONWEALTH FINANCIAL CORP,COMMON STOCK,319829107,46700,1114962.51
FNAN.O,USD,FIRST NTL. BANK ANCHORAGE,COMMON STOCK,322387101,4687,4822923
FSNM.O,USD,FIRST STATE BANC,COMMON STOCK,336453105,61650,1194468.76
FTU5,USD,FIRST UNION CORPORATION,COMMON STOCK,337358105,53000,2497625
FSR2,USD,FIRSTAR CORP,COMMON STOCK,33763V109,808557,22639596
FLBK.O,USD,FLORIDA BANKS INC,COMMON STOCK,340560101,100000,781249.99
FUSNR,USD,FUSIONS SYSTEMS CORP,COMMON STOCK,361129117,147860,2310.31
GE1,USD,GENERAL ELECTRIC,COMMON STOCK,369604103,165995,18570690.64
GIX,USD,"GLOBAL IND. TECHNOLOGIES, INC",COMMON STOCK,379335102,320000,3860000.01
"GSTRF,8AR",USD,GLOBAL STAR,PREFERRED STOCK,379364508,170000,9854014.31
"GSTRF,8R",USD,GLOBAL STAR,PREFERRED STOCK,379364805,15000,869471.85
"GTSG,7.25AR",USD,"GLOBAL TELESYS.",PREFERRED STOCK,37936U401,60000,4013750.06
GSBNZ,USD,GOLDEN STATE BANCORP,COMMON STOCK,381197136,595070,781029.38
GDW,USD,GOLDEN WEST FINANCIAL CORPORATION,COMMON STOCK,381317106,51100,5007800
GBBK,USD,GREATER BAY BANCORP,COMMON STOCK,391648102,70300,2337475
GAC,USD,GULFSTREAM AEROSPACE,COMMON STOCK,402734107,386300,26099393.76
HAL3,USD,HALLIBURTON CO,COMMON STOCK,406216101,86000,3891500
HET1,USD,HARRAH'S ENTERTAINMENT,COMMON STOCK,413619107,270755,5973532.19
HAST,USD,"HASTINGS ENTERTAINMENT, INC",COMMON STOCK,418365102,65000,747500
HEHN.EU,EUR,HEINEKEN NV - NETHERLANDS,COMMON STOCK,,28500,1077178.88
HD3.25%01R,USD,HOME DEPOT,BOND,437076AE2,2582000,7230319.45
IML,USD,IMC GLOBAL INC,COMMON STOCK,590188751,51600,1034823.81
FAM,USD,INT'L FAMILY ENT. CL B,COMMON STOCK,318900107,616900,25639906.26
IHS5.75%01R,USD,INTEGRATED HEALTH SYSTEMS,BOND,45812CAE6,1000000,690000
INTR.AG,GRD,INTERAMERICAN INSURANCE,COMMON STOCK,,9150,203753.8
IBM AC,USD,INTERNATIONAL BUSINESS MACHINES,CALL OPTION,,25000,3304312.5
IP1,USD,INTERNATIONAL PAPER,COMMON STOCK,460146103,1101020,55326255
INVEB.ST,SEK,INVESTOR AB,COMMON STOCK,,280000,3137902.55
IIR,USD,IRI INTERNATIONAL CORP,COMMON STOCK,45004F107,185400,857475.01
JCOR0%11R,USD,JACOR COMMUNICATIONS INC,BOND,469858AA2,5000000,5426432.56
JCP1,USD,JC PENNEY,COMMON STOCK,708160106,26655,1294433.44
JSTN,USD,JUSTIN INDUSTRIES,COMMON STOCK,482171105,282500,3937343.76
KEY,USD,KEY CORP,COMMON STOCK,493267108,95000,3051875
KWP,USD,"KING WORLD PRODUCTIONS, INC",COMMON STOCK,495667107,631700,21991056.25
"KM,TR",USD,KMART CORPORATION,PREFERRED STOCK,498778208,140000,8144394.89
KNL,USD,"KNOLL, INC",COMMON STOCK,498904101,57200,1522950.01
LB.TO,CAD,LAURENTIAN BANK OF CANADA,COMMON STOCK,,112900,1741644.58
LTD,USD,LIMITED INC,COMMON STOCK,532716107,238857,10838136.39
LTR3.125%07R,USD,LOEWS CORP,BOND,540424AL2,11000000,8916875.01
"LOR,",USD,LORAL CORPORATION,PREFERRED STOCK,G56462149,40000,2021380
LU1,USD,LUCENT TECHNOLOGY,COMMON STOCK,549463107,371628,25061663.25
"MAN,.EU",EUR,M.A.N. - GERMANY,PREFERRED STOCK,,47465,1081300.17
MB,USD,MACMILLAN BLOEDEL,COMMON STOCK,554783209,912800,16328771.21
MGA5%02R,USD,MAGNA INTERNATIONAL INC,BOND,559222AE4,4000000,4332782.1
MRL,USD,MARINE DRILLING,COMMON STOCK,568240204,750000,10265625
MSX4.5%03R,USD,MASCOTECH INC,BOND,574670AB1,2500000,2037824.59
"HYTDL,R",USD,MAXTOR CORP,COMMON STOCK,243664208,165700,1058771.22
MDR,USD,MCDERMOTT INTERNATIONAL INC,COMMON STOCK,580037109,80500,2274125
MCN,USD,MCN CORP,COMMON STOCK,55267J100,35800,742850
UMG,USD,MEDIAONE GROUP,COMMON STOCK,58440J104,179000,13313125
"UMX,",USD,MEDIAONE GROUP,PREFERRED STOCK,58440J401,150000,13344750.01
MEL,USD,MELLON BANK CORPORATION,COMMON STOCK,585509102,17100,622012.51
MTL,USD,MERCANTILE BANCORPORATION,COMMON STOCK,587342106,717000,40958625.01
"MEOG,.EU",EUR,METRO - GERMANY,PREFERRED STOCK,,49795,1717038.64
MOLXA,USD,MOLEX INC,COMMON STOCK,608554200,172000,5418000
NBR5%06,USD,"NABORS INDUSTRIES, INC.",BOND,629568AA4,2000000,2698557.94
"NAU,7.875R",USD,NTL. AUSTRALIA BANK ,PREFERRED STOCK,632525309,275000,8382000
NCC,USD,NATIONAL CITY CORPORATION,COMMON STOCK,635405103,43400,2842700
NGG4.25%08.L,GBP,NATIONAL GRID CO,BOND,,3000000,5552761.04
"NGG,6R",USD,NATIONAL GRID GROUP,PREFERRED STOCK,EP0009761,300000,7211700
NAP,USD,NATIONAL PROCESSING,COMMON STOCK,637229105,500000,5062500.01
NETA0%18R,USD,NETWORK ASSOCIATES,BOND,640938AB2,5000000,1460262.59
NWL1,USD,NEWELL COMPANY,COMMON STOCK,651229106,283345,13140124.38
NCP.AX,AUD,NEWS CORP,COMMON STOCK,,500000,4256922.5
NWS0%13A,USD,NEWS CORP,BOND,652478AMO,10000000,7334564.46
"MNX,",USD,NEXTEL COMMUNICATIONS,PREFERRED STOCK,65332Y107,67600,2879422
NXTL4.75%07A,USD,NEXTEL COMMUNICATIONS,BOND,65332VAR4,3000000,3643305.88
"NXLK,6.5AR",USD,NEXTLINK COMMUNICATIONS,COMMON STOCK,65333H806,26145,2379195
"NXLK,6.5R",USD,NEXTLINK COMMUNICATIONS,COMMON STOCK,65333H863,38855,3535805
GAS,USD,NICOR INC.,COMMON STOCK,654086107,26100,993431.25
NBL,USD,NOBLE AFFILIATES INC,COMMON STOCK,654894104,309400,8721212.5
NBH.ST,SEK,NORDBANKEN HOLDINGS,COMMON STOCK,,242700,1422931.47
NRIM,USD,NORTHRIM BANK,COMMON STOCK,666764105,150000,1650000
NUI,USD,NUI CORPORATION,COMMON STOCK,629430109,48000,1200000
ODP0%07R,USD,OFFICE DEPOT INC,BOND,676220AA4,10900000,10728875.46
OCR5%07,USD,OMNICARE,BOND,681904AD0,3000000,2197374.83
OSI,USD,"OUTDOOR SYSTEMS, INC",COMMON STOCK,690057104,612600,22359900
PPW,USD,PACIFICORP,COMMON STOCK,695114108,652800,11995200
PHBK.O,USD,PEOPLE HERITAGE FNL.,COMMON STOCK,711147108,59900,1126868.75
PHB,USD,"PIONEER HI-BRED INTERNAT'L, INC",COMMON STOCK,723686101,400000,15575000
"PIOS,6.75R",USD,PIONEER ELECT.,PREFERRED STOCK,723879300,90000,4347249.86
POW.TO,CAD,POWER CORPORATION OF CANADA,COMMON STOCK,693615106,330600,6335657.5
"PSIX,6.75",USD,PSINET,PREFERRED STOCK,74437C309,50000,2267374.64
PTZ,USD,PULITZER PUBLISHING CO,COMMON STOCK,745769109,133200,6468525.01
QE.TO,CAD,Q ENERGY,COMMON STOCK,,914500,167798.17
"QCOMP,R",USD,QUALCOMM,PREFERRED STOCK,74752R402,30000,6063672.37
KWK,USD,QUICKSILVER RESOURCES INC,COMMON STOCK,74837R104,48509,327435.75
QWST1,USD,QWEST COMMUNICATIONS,COMMON STOCK,749121109,15746,520602.13
FLC,USD,R & B FALCON DRILLING,COMMON STOCK,74912E101,350000,3281250.01
FLC3,USD,R & B FALCON DRILLING,COMMON STOCK,74912E101,483200,4530000
RTK3.5%09.L,GBP,RAILTRACK GROUP PLC,BOND,EC1041978,3000000,4449005.97
RATNB.CO,DKK,RATIN B,COMMON STOCK,,22850,2678985.2
RYC,USD,RAYCHEM CORPORATION,COMMON STOCK,754603108,936500,34650500
RTN.A,USD,RAYTHEON,COMMON STOCK,755111309,53000,3650375.01
RDB,USD,READER'S DGST ASSOCIATION,COMMON STOCK,755267200,201600,7560000
"RDT,",USD,READER'S DGST ASSOCIATION,PREFERRED STOCK,755271202,100000,3664256.25
RGBK,USD,REGIONS FINANCIAL CORPORATION,COMMON STOCK,758940100,133300,5123718.76
RNB,USD,REPUBLIC NEW YORK CORPORATION,COMMON STOCK,760719104,193700,13207918.76
RSCR6%04AR,USD,RES-CARE INC,BOND,760943AA8,187000,239951.69
RSCR6%04R,USD,RES-CARE INC,BOND,760943AC4,7313000,9383779.24
RTR,USD,RII AUTOMATIC EXCHANGE SECURITY,COMMON STOCK,05300A202,225000,3969028.12
RAD5.25%02R,USD,RITE AID CORPORATION,BOND,767754AL8,2500000,2489713.19
RROS.ST,SEK,ROTTNEROS AB,COMMON STOCK,,1319200,887040.23
RD,USD,ROYAL DUTCH PETROLEUM CO.,COMMON STOCK,780257804,60890,3668622.5
SXZ IE,USD,S&P INDEX OPTIONS,CALL OPTION,,1000,1446000
SZP SO,USD,S&P INDEX OPTIONS,PUT OPTION,,1000,1247500
SBC3,USD,SBC COMMUNICATIONS INC.,COMMON STOCK,78387G103,534387,30994446
SLB,USD,SCHLUMBERGER LTD,COMMON STOCK,806857108,100600,6406962.51
CKH5.375%06R,USD,SEACOR HOLDINGS INC,BOND,811904AE1,3000000,2977499.97
"SEE,AR",USD,SEALED AIR CORP,PREFERRED STOCK,81211K209,96300,5983551
SC,USD,"SHELL TRANSPORT & TRADING, INC.",COMMON STOCK,822703609,42455,1968850.64
"SBGI,R",USD,SINCLAIR BROAD,PREFERRED STOCK,829226505,65000,2859827.97
SLR0%19AR,USD,SOLECTRON,BOND,834182AG2,5000000,2906087.32
RIG,USD,SONAT OFFSHORE DRILLING INC,COMMON STOCK,G90076103,347500,9121875
SWBT.O,USD,SOUTHWEST BANCORP,COMMON STOCK,84476R109,10000,180000
SWBT25JUL2,USD,SOUTHWEST BANCORP,PUT OPTION,,100000,1797000
GYM,USD,SPORT SUPPLY GROUP,COMMON STOCK,848915104,25000,253125.01
SBIB,USD,STERLING BANCSHARES,COMMON STOCK,858907108,130000,1738750.02
STM0%08,USD,STMICROELECTRONICS N.V.,BOND,861012AA0,3000000,3840453.44
STERV.EU,EUR,STORA ENSO OYJ,COMMON STOCK,,180000,1938456
"SZA,5.5R",USD,SUIZA FOODS CORP,PREFERRED STOCK,86507G408,55000,2104613.68
"SHGE,7AR",USD,SUN HEALTHCARE,PREFERRED STOCK,866749203,140000,65199.75
STI,USD,SUNTRUST BANK,COMMON STOCK,867914103,248400,17248275.01
STI1,USD,SUNTRUST BANK,COMMON STOCK,867914103,458556,31840982.25
SRY,USD,SURITY CAPITAL CORP,COMMON STOCK,868666207,499800,937125.02
SNTC5%07R,USD,"SYNETIC, INC",BOND,87160FAB5,400000,474342.54
TCAT,USD,"TCA CABLE TV, INC.",COMMON STOCK,872241104,511700,28399350
TWE,USD,"TD WATERHOUSE GROUP, INC",COMMON STOCK,872362108,143000,3575000
"TPAC,PR",USD,TELE-COMM. CLASS A,PREFERRED STOCK,872294202,1555,539995.9
TMX4.25%04R,USD,TELEMEX,BOND,879403AD5,1500000,1542812.22
TWT5.25%07.L,GBP,TELEWEST COMMUNICATIONS PLC,BOND,,5000000,8154439.02
"TXI,5.5R",USD,TEXAS INDUSTRIES,PREFERRED STOCK,873119200,50000,1948440.22
BLND6.5%07.L,GBP,THE BRITISH LAND CO PLC,BOND,,3000000,4960776.6
TSG,USD,THE SABRE GROUP,COMMON STOCK,785905100,26000,1787500
SVEV,USD,THE SOUTHLAND CORP,COMMON STOCK,817826100,681855,1512865.78
TFT4.5%04A,USD,THERMO FIBERTEK,BOND,88355WAA3,4500000,3819719
TMO4.25%03A,USD,THERMO FIBERTEK,BOND,883556AF9,17000000,15278750
"TIE,R",USD,TITANIUM METALS,PREFERRED STOCK,887381408,154000,4054820
"TWR,6.75AR",USD,TOWER AUTOMOTIVE,PREFERRED STOCK,891706202,9725,498692.23
"TWR,6.75R",USD,TOWER AUTOMOTIVE,PREFERRED STOCK,891706301,40275,2065278.11
TA,USD,TRANSAMERICA CORPORATION,COMMON STOCK,893485102,479400,35955000
TRI,USD,TRINET,COMMON STOCK,896287109,233300,6459493.75
"TIM,",USD,TRUST ISSUED MAND. EXCH SEC.,PREFERRED STOCK,562613109,60000,258750
TYC3,USD,"TYCO INTERNATIONAL, INC.",COMMON STOCK,902124106,518562,49133749.5
UST5.25%28,USD,U S TREASURY,BOND,912810FF0,8000000,7120000
USW,USD,"U S WEST, INC",COMMON STOCK,91273H101,88900,5222875
UL,USD,UNILEVER,COMMON STOCK,904767704,124820,4587135
UNWS6.125%03.L,GBP,UNITED NEWS AND MEDIA PLC,BOND,,2000000,3307499.52
USB,USD,US BANCORP OF OREGON,COMMON STOCK,902973106,497600,16607400.02
USTB.O,USD,UST CORP,COMMON STOCK,902900109,430000,13007500
VLO,USD,VALERO NATURAL GAS PARTNERS,COMMON STOCK,91913Y100,56300,1206931.25
"VOW,.EU",EUR,VOLKSWAGEN - GERMANY,PREFERRED STOCK,,53113,1971696.63
VWRX,USD,VWR SCIENTIFIC PRODUCTS CORP,COMMON STOCK,918435108,243300,8926068.76
WB VO,USD,WACHOVIA BANK,PUT OPTION,,8000,587000
WM,USD,WASHINGTON MUTUAL SAVINGS BANK,COMMON STOCK,939322103,17000,604562.51
WFC1,USD,WELLS FARGO & COMPANY,COMMON STOCK,949746101,808680,34571070
WDC,USD,WESTERN DIGITAL CORP,COMMON STOCK,958102105,27000,175500
WAB,USD,WESTINGHOUSE AIR BRAKE CO,COMMON STOCK,960386100,189400,4912562.51
W,USD,WESTVACO,COMMON STOCK,961548104,119800,3474200
WSM,USD,WILLIAM SONOMA INC,COMMON STOCK,969904101,70000,2436875
WL,USD,WILMINGTON TRUST CORP,COMMON STOCK,971807102,122400,7022700.01
WCOM3,USD,WORLDCOM INC,COMMON STOCK,55268B106,209597,18038441.82
