Symbol Currency Company Security Type Cusip Shares Market Value
ABBA.ST SEK ABB A SHARES COMMON STOCK 397049 4938299.96
AMD6%05R USD ADVANCED MICRO DEV BOND 007903AC1 3500000 2529135
ADVNB USD ADVANTA CORPORATION COMMON STOCK 007942204 206560 1846130
AEG SQ USD AEGON PUT OPTION 0079249SQ 15000 1207500
ANV USD "AEROQUIP-VICKERS, INC" COMMON STOCK 007869100 299400 17159362.51
"AES,IIAR" USD AES CORP PREFERRED STOCK 001034206 9430 410195.57
"AES,IIR" USD AES CORP PREFERRED STOCK 001034305 140570 6114654.44
AES4.5%05R USD AES CORP BOND 00130HAN5 2800000 2678312
AGPH USD "AGOURON PHARM., INC" COMMON STOCK 008488108 415000 23473437.51
ATI USD AIRTOUCH COMMUNICATIONS COMMON STOCK 00949T100 435300 42060862.51
AZA0%14R USD ALZA CORP BOND 022615AC2 10000000 5287200
AMZN1 USD AMAZON.COM COMMON STOCK 023135106 31800 5475562.51
AMZN4.75%09AR USD AMAZON.COM BOND 023135AD8 8000000 10123200
AOL4%02AR USD AMERICA ONLINE BOND 02364JAA2 56000 630813.12
AOL4%02R USD AMERICA ONLINE BOND 02364JAB0 1179000 13280869.08
AIG1 USD AMERICAN INTERN. GROUP INC COMMON STOCK 026874107 253010 30519331.25
AMP USD AMP INC COMMON STOCK 031897101 1013561 54225513.5
AMR USD AMR CORP COMMON STOCK 001765106 41200 2412775
AIV1 USD APARTMENT INVESTMENT MGMT COMMON STOCK 03748R101 56235 2038518.75
ARP.TO CAD ARGENTINA GOLD CORPORATION COMMON STOCK 04011L102 1100000 4987423.88
ASND USD ASCEND COMM INC COMMON STOCK 043491109 50000 4184375
ASPT0%18AS USD ASPECT TELECOMMUNICATIONS BOND 045237AB0 6000000 1142940
ALF5.625%03R USD ASSISTED LIVING BOND 04543LAG4 1500000 817500
A USD ASTRA AB COMMON STOCK 046298105 32800 752350.01
ATHM.5243%18AS USD AT HOME CORP SER - A BOND 045919AA5 6000000 6385320
ATHM1 USD AT HOME CORP SER - A COMMON STOCK 045919107 16400 2583000
T1 USD AT&T CORPORATION COMMON STOCK 001957109 282003 22507364.44
T3 USD AT&T CORPORATION COMMON STOCK 001957109 583818 46595974.13
AUD EI USD AUTO DATA PROCESSING CALL OPTION 0530159EI 50000 2331250
BHI USD BAKER HUGHES INC COMMON STOCK 057224107 274900 6683506.25
BMP USD BALLARD MEDICAL COMMON STOCK 058566100 1225200 29864250.01
ONE USD BANC ONE COMMON STOCK 06423A103 343000 18886437.51
BOH USD BANCORP HAWAII INC COMMON STOCK 694058108 87000 1816125.01
BKB USD BANK OF BOSTON CORP COMMON STOCK 06605R106 187400 8116762.51
BDI USD BAYARD DRILLING TECHNOLOGIES INC. COMMON STOCK 072700107 548200 3426250
BBT1 USD BB&T CORP COMMON STOCK 054937107 12087 437398.31
BBBY USD BED BATH & BEYOND COMMON STOCK 075896100 62500 2281250
BEL/CWZ4.25%05A USD BELL ATLANTIC BOND 07785GAC4 9000000 9843210
BEL4.25%05R USD BELL ATLANTIC BOND U0778KAD4 5000000 5468450
BEL5.75%03A USD BELL ATLANTIC BOND 07785GAB6 2000000 2128060
BRI USD BERKSHIRE REALTY COMPANY INC. COMMON STOCK 084710102 410600 4593587.5
"BMW,.EU" EUR BMW - GERMANY PREFERRED STOCK 3452 1274377.95
BGP USD BORDERS GROUP INC. COMMON STOCK 099709107 276900 3893906.25
BOW USD BOWATER INC COMMON STOCK 102183100 119800 4747075.01
"BD,R" USD BUDGET GROUP PREFERRED STOCK 119001303 240000 8769840
BR USD "BURLINGTON RESOURCES, INC." COMMON STOCK 122014103 85600 3418650.01
CWZ1 USD CABLE AND WIRELESS ADR COMMON STOCK 12682P104 59000 3337187.5
MEC USD CALENERGY COMMON STOCK 59562V107 28100 786800
"MEC,IIIR" USD CALENERGY PREFERRED STOCK 12946N309 82355 3699880.73
"MEC,IIR" USD CALENERGY PREFERRED STOCK 12946P403 50000 2306050.01
CRB USD CAPSTAR BROADCASTING CORP COMMON STOCK 14067G105 811050 18603459.38
CAH1 USD "CARDINAL HEALTH, INCORPORATED" COMMON STOCK 14149Y108 298724 19715784
CAH3 USD "CARDINAL HEALTH, INCORPORATED" COMMON STOCK 14149Y108 331599 21885534
CCB USD CCB FINANCIAL CORP COMMON STOCK 124875105 258100 13953531.26
CBC USD CENTURA BANKS INC COMMON STOCK 15640T100 81000 4713187.51
CHA USD CHAMPION INTERNATIONAL COMMON STOCK 158525105 54100 2221481.25
CHAR' USD CHAPPAREL RESOURCES WARRANT 159420207 52500 13125
CHV.TO CAD CHAUVCO RESOURCES LIMITED COMMON STOCK G19472102 152200 1007.41
CHIR1.9%00R USD CHIRON CORP BOND 170040AB5 5000000 4858500
C USD CITIGROUP COMMON STOCK 172967101 65000 4151875.02
CFB USD CITIZENS FIRST BANCORP COMMON STOCK 201647104 284955 6607394.08
CNB USD COLONIAL BANCGROUP COMMON STOCK 195493309 429300 5151600
CLG USD COLONIAL GAS COMPANY COMMON STOCK 195674106 156100 5385450
COT USD COLTEC INDUSTRIES INC COMMON STOCK 196879100 1392100 25318818.75
CMCSA USD COMCAST COMMON STOCK 200300101 95200 5854800
CMA USD "COMERICA, INC." COMMON STOCK 200340107 227525 14206092.2
CBSS USD COMPASS BANCSHARES INC COMMON STOCK 20449H109 395000 13627500
CCMC4.5%03AR USD CONCENTRA MANAGED CARE INC BOND 20589TAB9 794000 732266.5
CCMC4.5%R USD CONCENTRA MANAGED CARE INC BOND 20589TAC7 706000 651108.5
CNC USD CONSECO INC COMMON STOCK 208464107 46000 1420250.01
CAM USD COOPER CAMERON CORP COMMON STOCK 216640102 299500 10145562.51
CUC3%02R USD CUC INTERNATIONAL BOND 126545AD4 8000000 7286000
CVS USD CVS DELAWARE COMMON STOCK 126650100 161000 7647500
DHI USD D.R. HORTON INC. COMMON STOCK 23331A109 63000 1055250
DLP USD DELTA PINE & LAND COMMON STOCK 247357106 80000 2460000
DEXF.EU EUR DEXIA FRANCE COMMON STOCK 22070 3076135.35
DFRNOTE.TO CAD DIAMOND FIELDS RESOURCES INC COMMON STOCK 15382 101.81
EAGL USD "EAGLE HARDWARE & GARDEN, INC" COMMON STOCK 26959B101 437600 16710850
EFU PG USD EASTERN ENTERPRISES PUT OPTION 27637F9PG 93000 3180562.5
EFG.AT GRD EFG EUROBANK COMMON STOCK 22660 637929.32
ELN0%18AS USD ELAN CORP PLC BOND 284129AA1 6000000 3439620
ELN3 USD ELAN CORP PLC COMMON STOCK 284131208 17280 1205280
EMC3.25%02R USD EMC CORP BOND 26865YAA2 2469000 13936023.6
EOYRV.EU EUR ENSO OYJ - FINLAND COMMON STOCK 367000 3515518.68
SXC USD ESSEX INTERNATIONAL INC. COMMON STOCK 297025108 143500 3408125
"ECJ,R" USD ESTEE LAUDER PREFERRED STOCK 518438205 30000 2721000
"ECT,6.25R" USD ESTEE LAUDER PREFERRED STOCK 518437207 45000 3771000
XL1 USD EXEL LTD COMMON STOCK G32429105 90579 5502674.25
XON USD EXXON COMMON STOCK 302290101 99000 6985687.51
"FDW,D" USD FEDERATED DEPARTMENT STORES PREFERRED STOCK 31410H127 205000 3177500
FITB1 USD FIFTH THIRD BANCORP COMMON STOCK 316773100 181431 11963106.57
FNAN.O USD FIRST NATIONAL BANK ANCHORAGE COMMON STOCK 322387101 4687 4874480
FSCO USD FIRST SECURITY CORP COMMON STOCK 336294103 801700 15482831.25
FSNM.O USD FIRST STATE BANC COMMON STOCK 336453105 172550 3300018.76
FTU5 USD FIRST UNION CORPORATION COMMON STOCK 337358105 53000 2832187.5
FTU7 USD FIRST UNION CORPORATION COMMON STOCK 337358105 42625 2277773.44
FSR2 USD FIRSTAR CORP COMMON STOCK 33763V109 269519 24121950.5
FMER.O USD FIRSTMERIT CORP COMMON STOCK 337915102 75400 1941550
FLBK.O USD FLORIDA BANKS INC COMMON STOCK 340560101 221700 1690462.51
FMY USD FRED MEYER COMMON STOCK 592907109 287885 16949229.38
FUSNR USD FUSIONS SYSTEMS CORP COMMON STOCK 361129117 147860 2310.31
GE1 USD GENERAL ELECTRIC COMMON STOCK 369604103 165995 18363196.89
GIX USD "GLOBAL INDUSTRIAL TECH., INC" COMMON STOCK 379335102 498400 5170900.01
GLM USD GLOBAL MARINE INC COMMON STOCK 379352404 92500 1086875
"GSTRF,8AR" USD GLOBAL STAR PREFERRED STOCK 379364508 185000 7348570
GSBNZ USD GOLDEN STATE BANCORP COMMON STOCK 381197136 200070 969089.07
GBBK USD GREATER BAY BANCORP COMMON STOCK 391648102 35000 1015000
HAL3 USD HALLIBURTON CO COMMON STOCK 406216101 86000 3311000
HET1 USD HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 270755 5161267.19
HTV USD HEARST-ARGYLE TELEVISION COMMON STOCK 422317107 104150 2564693.76
HEHN.EU EUR HEINEKEN NV - NETHERLANDS COMMON STOCK 28500 1081277.89
HEMT USD "HF BANCORP, INC" COMMON STOCK 403910102 360500 6331281.25
HD3.25%01R USD HOME DEPOT BOND 437076AE2 2582000 6990610.08
IGL USD IMC GLOBAL INC COMMON STOCK 449669100 63900 1305956.26
IML USD IMC GLOBAL INC COMMON STOCK 590188751 120000 2685000
IM0%18R USD INGRAM MICRO BOND 457153AB0 4000000 1289640
FAM USD INT'L FAMILY ENTERTAINMENT CL B COMMON STOCK 318900107 242700 8949562.52
IHS5.75%01R USD INTEGRATED HEALTH SYSTEMS BOND 45812CAE6 2500000 1550000
IP DI USD INTERNATIONAL PAPER CALL OPTION 50000 2309375
IP PH USD INTERNATIONAL PAPER PUT OPTION 4601469PH 553200 21205693.75
IJL USD "INTERSTATE/JOHNSON LANE, INC" COMMON STOCK 460892102 291700 9133856.26
INVEB.ST SEK INVESTOR AB COMMON STOCK 70000 3072796.01
IIR USD IRI INTERNATIONAL CORP COMMON STOCK 45004F107 317600 1290250.01
JCP1 USD JC PENNEY COMMON STOCK 708160106 26655 1079527.5
JCP3 USD JC PENNEY COMMON STOCK 708160106 17447 706603.5
JSTN USD JUSTIN INDUSTRIES COMMON STOCK 482171105 25000 275000
KNE USD K N ENERGY COMMON STOCK 482620101 467100 9312806.25
KMG USD KERR-MCGEE COMMON STOCK 492386107 151300 4964531.25
KEY USD KEY CORP COMMON STOCK 493267108 152000 4607500
KNL USD "KNOLL, INC" COMMON STOCK 498904101 150000 3693750.01
LB.TO CAD LAURENTIAN BANK OF CANADA COMMON STOCK 133800 2067930.9
LTD USD LIMITED INC COMMON STOCK 532716107 237100 9395087.5
LTR3.125%07R USD LOEWS CORP BOND 540424AL2 11000000 9318100
"LOR," USD LORAL CORPORATION PREFERRED STOCK G56462149 60000 2684880
LPX USD LOUISIANA PACIFIC COMMON STOCK 546347105 190000 3538750.01
LOW PF USD LOWES COMPANIES PUT OPTION 5486619PF 80000 2371300
LVA USD LUCASVARITY COMMON STOCK 549395101 645000 29831250
"MAN,.EU" EUR M.A.N. - GERMANY PREFERRED STOCK 47465 924667.08
MGA4.875%05R USD MAGNA INTERNATIONAL INC BOND 559222AG9 2000000 2017760
MGA5%02R USD MAGNA INTERNATIONAL INC BOND 559222AE4 3000000 3354090
MRL USD MARINE DRILLING COMMON STOCK 568240204 121100 1332100
MSX4.5%03R USD MASCOTECH INC BOND 574670AB1 2500000 1933625
MTXC11.5%04R USD MATRIX CAPITAL CORP BOND 576819AA4 1000000 960000
"HYTDL,R" USD MAXTOR CORP COMMON STOCK 243664208 161400 1309599.6
KRB USD MBNA CORPORATION COMMON STOCK 55262L100 557549 13311482.39
MEA USD MEAD CORP COMMON STOCK 582834107 103800 3191850
"UMX," USD MEDIAONE GROUP PREFERRED STOCK 58440J401 140000 11494560
MEL USD MELLON BANK CORPORATION COMMON STOCK 585509102 307000 21605125.01
"MEOG,.EU" EUR METRO - GERMANY PREFERRED STOCK 26055 876343.64
MOLXA USD MOLEX INC COMMON STOCK 608554200 171500 4437562.51
MII USD MORTON INTERNATIONAL INC COMMON STOCK 619335102 1242300 45654525
"NAU,7.875R" USD NAT. AUST. BANK LTD PREFERRED STOCK 632525309 250000 7842750
NCC3 USD NATIONAL CITY CORPORATION COMMON STOCK 635405103 26100 1732387.5
"NGG,6R" USD NATIONAL GRID GROUP PREFERRED STOCK EP0009761 300000 8257200
NAP USD NATIONAL PROCESSING COMMON STOCK 637229105 674000 3033000
NMG USD "NEIMAN MARCUS GROUP, INC" COMMON STOCK 640204103 90300 2043037.51
NETA0%18R USD NETWORK ASSOCIATES BOND 640938AB2 3000000 1087590
DDDDF USD NEW DIMENSION SOFTWARE LTD COMMON STOCK M74295102 10000 518750
NWL1 USD NEWELL COMPANY COMMON STOCK 651229106 283345 13458887.5
NCP.AX AUD NEWS CORP COMMON STOCK 750000 5525453.25
"MNX," USD NEXTEL COMMUNICATIONS PREFERRED STOCK 65332Y107 67600 2130414
"NXLK,6.5%R" USD NEXTLINK COMMUNICATIONS COMMON STOCK 65333H863 38855 2736985.06
"NXLK,6.5AR" USD NEXTLINK COMMUNICATIONS COMMON STOCK 65333H806 26145 1841679.95
NTLI7%08R USD NTL INCORPORATED BOND 459216AJ6 7000000 15109570
ODP0%07R USD OFFICE DEPOT INC BOND 676220AA4 5900000 6482861
OCR5%07 USD OMNICARE BOND 681904AD0 6500000 5283200
ORB5%02R USD ORBITAL SCIENCE BOND 685564AC0 1500000 1782990
PHSYA USD PACIFIC CARE HEALTH SYSTEMS COMMON STOCK 695112102 116015 6982652.82
PPW USD PACIFICORP COMMON STOCK 695114108 482800 8328300
PHBK.O USD PEOPLE HERITAGE FIN. GROUP INC. COMMON STOCK 711147108 60000 1080000
FIN USD PETROFINA SA COMMON STOCK 716485206 30200 1634575.01
BKZ99DT USD PHILADELPHIA KBW BANK STOCK INDEX PUT OPTION 400 316500
"PIOS,6.75R" USD PIONEER STAN, ELEC. PREFERRED STOCK 723879300 90000 3152520
POW.TO CAD POWER CORPORATION OF CANADA COMMON STOCK 693615106 380600 7280473.92
PFGI.O USD PROVIDENT FINANCIAL GROUP COMMON STOCK 743866105 104200 3998675.01
PTZ USD PULITZER PUBLISHING CO COMMON STOCK 745769109 163700 6619618.76
QE.TO CAD Q ENERGY COMMON STOCK 914500 90796.27
KWK USD QUICKSILVER RESOURCES INC COMMON STOCK 39809 293591.38
QWST1 USD QWEST COMMUNICATIONS COMMON STOCK 749121109 30300 2184440.63
FLC3 USD R & B FALCON DRILLING COMMON STOCK 74912E101 483200 4167600
RATNB.CO DKK RATIN B COMMON STOCK 28850 5209249.49
RDB USD READER'S DGST ASSOCIATION COMMON STOCK 755267200 120900 3324750
"RDT," USD READER'S DGST ASSOCIATION PREFERRED STOCK 755271202 120000 3591720
RGBK USD REGIONS FINANCIAL CORPORATION COMMON STOCK 758940100 501100 17350587.52
RNB USD REPUBLIC NEW YORK CORPORATION COMMON STOCK 760719104 110000 5073750.01
RSCR6%04AR USD RES-CARE INC BOND 760943AA8 187000 238926.16
RSCR6%04R USD RES-CARE INC BOND 760943AC4 7313000 9343673.84
RTR USD RII AUTOMATIC EXCHANGE SECURITY COMMON STOCK 05300A202 185000 2464755.01
ROH PF USD ROHM & HAAS PUT OPTION 7753718DF 100000 2798219.25
RROS.ST SEK ROTTNEROS AB COMMON STOCK 2374000 1447384.45
RY.TO CAD ROYAL BANK OF CANADA COMMON STOCK 780087102 45000 2107327.25
SBC3 USD SBC COMMUNICATIONS INC. COMMON STOCK 78387G103 534387 25216386.57
"SEE,AR" USD SEALED AIR CORP PREFERRED STOCK 81211K209 48000 2381472
SC USD "SHELL TRANS. & TRADING, INC." COMMON STOCK 822703609 122455 4974734.39
"SBGI,R" USD SINCLAIR BROAD PREFERRED STOCK 829226505 65000 2758275.01
RIG USD SONAT OFFSHORE DRILLING INC COMMON STOCK 893817106 330900 9534056.25
SLCM.O USD SOUTHLAND CORP COMMON STOCK 844436402 873555 1774408.58
"SZA,5.5R" USD SUIZA FOODS CORP PREFERRED STOCK 86507G408 85000 2957490
"SHG,7AR" USD SUN HEALTHCARE PREFERRED STOCK 866749203 140000 208880
SNS USD SUNDSTRAND CORPORATION COMMON STOCK 867323107 490000 34055000
STI1 USD SUNTRUST BANK COMMON STOCK 867914103 458556 28545111
SRY USD SURITY CAPITAL CORP COMMON STOCK 868666207 307700 519243.75
SHBB.ST SEK SVENSKA HANDELSBANKEN COMMON STOCK 190300 6125984.64
"TPAC,PR" USD TELE-COMM. CLASS A PREFERRED STOCK 872294202 1555 515560.25
"TXI,5.5R" USD TEXAS INDUSTRIES PREFERRED STOCK 873119200 40000 1287480.01
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TMO4.25%03A USD THERMO FIBERTEK BOND 883556AF9 16000000 14243840
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"TOS,R" USD TOSCO CORP PREFERRED STOCK 891491409 60000 2892480
TRL7%09A USD TOTAL RENAL CARE BOND 89151AAA5 2500000 1884100
"TWR,6.75AR" USD TOWER AUTOMOTIVE PREFERRED STOCK 891706202 28725 1254162.23
"TWR,6.75R" USD TOWER AUTOMOTIVE PREFERRED STOCK 891706301 55975 2443924.48
TA USD TRANSAMERICA CORPORATION COMMON STOCK 893485102 386400 27434400
"TIM," USD TRUST ISSUED MAN. EXCH SEC. PREFERRED STOCK 562613109 60000 300000
TYC DO USD "TYCO INTERNATIONAL, INC." CALL OPTION 9021249DO 58000 4542068.75
TYC DP USD "TYCO INTERNATIONAL, INC." CALL OPTION 54000 4497713.39
USF SF99 USD U S FILTER CORP. PUT OPTION 48000 1390875
USF4.5%01R USD U S FILTER CORP. BOND 911843AF7 10420000 10250675
UDS USD ULTRAMAR DIAMOND SHAMROCK CORP. COMMON STOCK 904000106 133500 2886937.51
UL USD UNILEVER COMMON STOCK 904767605 136200 5039400
UNBC USD UNION BANCORP COMMON STOCK 908906100 110000 3746875.02
UCC USD UNION CAMP COMMON STOCK 905530101 778400 52250100
"UNP6.25,28AR" USD UNION PACIFIC CORP. COMMON STOCK 907824205 29880 1501499.88
"UNP6.25,28R" USD UNION PACIFIC CORP. COMMON STOCK 907824403 35120 1764815.12
UBSI USD UNITED BANKSHARES INC OF W VA COMMON STOCK 909907107 10400 237900.02
USB USD US BANCORP OF OREGON COMMON STOCK 902973106 308800 10518500.01
USTC.O USD US TRUST CORP COMMON STOCK 91288L105 70700 5245056.26
"X," USD USX INTO RTI PREFERRED STOCK 902905793 123700 1266440.6
VCELA USD "VANGUARD CELLULAR, INC" COMMON STOCK 922022108 1265800 34572162.51
VAR USD "VARIAN ASSOCIATES, INC" COMMON STOCK 92220P105 93000 3603750
VFSC.O USD VERMONT FINANCIAL SERVICES CORP COMMON STOCK 924180102 145300 4104725
VIA USD "VIACOM, INC." COMMON STOCK 925524100 11600 966425
VLSI USD VLSI TECHNOLOGIES COMMON STOCK 918270109 260000 5037500
"VOW,.EU" EUR VOLKSWAGEN - GERMANY PREFERRED STOCK 26705 1066350.14
VNO1 USD VORNADO REALTY TRUST COMMON STOCK 929042109 57988 2000586
WDR USD WADDELL & REED COMMON STOCK 930059100 336600 6900300
WLA PL USD WARNER LAMBERT PUT OPTION 50000 2953125
WRNB USD "WARREN BANCORP, INC." COMMON STOCK 934710104 70000 612500
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WFT USD WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 43200 1128600.01
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WFC1 USD WELLS FARGO & COMPANY COMMON STOCK 949746101 808680 28354342.51
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WDC0%18R USD WESTERN DIGITAL CORP BOND 958102AH8 5741000 1233855.72
WTNY.O USD WHITNEY HOLDING CORP COMMON STOCK 966612103 21200 782412.49
WL USD WILMINGTON TRUST CORP COMMON STOCK 971807102 139700 7980362.51
WCOM3 USD WORLDCOM INC COMMON STOCK 55268B106 444755 39388614.7
