sycode,cucode,codesc,stdesc,cusip,qty,market
AAP.AX,AUD,AAPT LTD,COMMON STOCK,,1141000,3644152.5
ABB.K2-DBAG,SEK,ABB BEARER,EQUITY SWAPS,,319973,32876883.69
ADVNB,USD,ADVANTA CORPORATION,COMMON STOCK,007942204,543860,6390355
ADVNB-DBAG,USD,ADVANTA CORPORATION,EQUITY SWAPS,007942204,352640,4143520
ACV.A,USD,ALBERTO CULVER,COMMON STOCK,013068200,45000,880312.51
ADZ.CFD,GBP,ALLIED ZURICH AG,EQUITY SWAPS,,175000,2013102.53
AZA,USD,ALZA CORP,COMMON STOCK,022615108,319100,13661468.75
AZA0%14R,USD,ALZA CORP,BOND,022615AC2,19000000,10767566
AMZN4.75%09R,USD,AMAZON.COM,BOND,023135AF3,10000000,11747070.01
"AAE,",USD,AMDOCS LIMITED,PREFERRED STOCK,02342R202,50000,1050625
AHL,USD,AMERICAN HERITAGE,COMMON STOCK,026522102,394800,12534900
AIG1,USD,AMERICAN INT'L GROUP INC,COMMON STOCK,026874107,115542,10044932.63
ACR5.75%02,USD,AMERICAN RETIREMENT CORP,BOND,028913AA9,5000000,3614470
AMT,USD,AMERICAN TOWER CORPORATION,COMMON STOCK,029912201,70000,1373750.01
AMT27OCT8,USD,AMERICAN TOWER CORPORATION,PUT OPTION,,150000,2995500
AMT6.25%09A,USD,AMERICAN TOWER CORPORATION,BOND,029912AA0,3000000,3023748
AIT,USD,AMERITECH CORPORATION,COMMON STOCK,030954101,185400,12375450
AFM1,USD,"AMFM, INC",COMMON STOCK,001693100,422487,25666085.25
APC,USD,ANADARKO PETROLEUM CORPORATION,COMMON STOCK,032511107,151500,4630218.76
ANN0.55%19A,USD,ANN TAYLOR STORES CORP,BOND,036115AA1,5000000,2856875.01
AR,USD,ASARCO INCORPORATED,COMMON STOCK,043413103,100000,2700000
ATHM.5246%18AR,USD,AT HOME CORP SER - A,BOND,045919AA5,3511000,2234762.04
ATHM.5246%18R,USD,AT HOME CORP SER - A,BOND,045919AC1,1489000,947752.97
T1,USD,AT&T CORPORATION,COMMON STOCK,001957109,372267,16193614.5
T3,USD,AT&T CORPORATION,COMMON STOCK,001957109,875727,38094124.5
T3-DBAG,USD,AT&T CORPORATION,EQUITY SWAPS,001957109,345766,15040821
ATG,USD,ATLANTA GAS & LIGHT,COMMON STOCK,001204106,53300,866125
ARC,USD,ATLANTIC RICHFIELD COMPANY,COMMON STOCK,048825103,228100,20329412.51
ATO,USD,ATMOS ENERGY CORPORATION,COMMON STOCK,049560105,41000,989125.01
BAA4.875%04.L,GBP,BAA PLC,BOND,,1000000,1737019.89
ONE,USD,BANC ONE,COMMON STOCK,06423A103,249300,8678756.25
BOH,USD,BANCORP HAWAII INC,COMMON STOCK,694058108,268000,5477250.01
BKB,USD,BANK OF BOSTON CORP,COMMON STOCK,06605R106,1096000,47539000.01
BMO.TO,CAD,BANK OF MONTREAL,COMMON STOCK,,90000,3132407.03
BAC,USD,BANKAMERICA CORPORATION,COMMON STOCK,060505104,202900,11298993.75
BBBY,USD,BED BATH & BEYOND,COMMON STOCK,075896100,97400,3402912.51
BEL/CWZ4.25%05A,USD,BELL ATLANTIC,BOND,07785GAC4,11000000,11608300
BEL4.25%05R,USD,BELL ATLANTIC,BOND,U0778KAD4,5000000,5276500
GR,USD,BF GOODRICH,COMMON STOCK,382388106,241400,7000600
GR3,USD,BF GOODRICH,COMMON STOCK,382388106,346245,10041105
"BMW,.EU",EUR,BMW - GERMANY,PREFERRED STOCK,,223496,3211933.66
"BMW,.EU-DBAG",EUR,BMW - GERMANY,EQUITY SWAPS,,632606,9091386.42
BAPLC3.75%06.L,GBP,BRITISH AEROSPACE,BOND,,2000000,3898169.59
"BD,R",USD,BUDGET GROUP,PREFERRED STOCK,119001303,250000,7968750.01
CWZ1,USD,CABLE AND WIRELESS ADR,COMMON STOCK,12682P104,85500,4456687.51
MEC,USD,CALENERGY,COMMON STOCK,59562V107,71100,2097450
"MEC,IIIR",USD,CALENERGY,PREFERRED STOCK,12946N309,152355,6345875.22
"MEC,IIR",USD,CALENERGY,PREFERRED STOCK,12946P403,50000,2188509.99
CSC6.25%03.L,GBP,CAPITAL SHOPPING CENTRES PLC,BOND,,2250000,4494896.29
CAH1,USD,"CARDINAL HEALTH, INC",COMMON STOCK,14149Y108,298724,16280458
CAH3,USD,"CARDINAL HEALTH, INC",COMMON STOCK,14149Y108,331599,18072145.5
CARCB.CO,DKK,CARLSBERG A/S,COMMON STOCK,,62500,2310171.91
CCB,USD,CCB FINANCIAL CORP,COMMON STOCK,124875105,135500,5640187.51
CDRD8.75%09R,USD,CD RADIO INC,BOND,125127AJ9,4000000,4202427.99
CNTO,USD,"CENTOCOR, INC",COMMON STOCK,152342101,485000,28402812.5
CBC,USD,CENTURA BANKS INC,COMMON STOCK,15640T100,126100,5217387.51
CHAR',USD,CHAPPAREL RESOURCES,WARRANT,159420306,52500,787500
COFI.O,USD,CHARTER ONE FINANCIAL INC,COMMON STOCK,160903100,284800,6586000.01
CHV.TO,CAD,CHAUVCO RESOURCES LIMITED,COMMON STOCK,G19472102,152200,1036.64
CHIR1.9%00R,USD,CHIRON CORP,BOND,170040AB5,5000000,5242395.01
DIOR.EU,EUR,CHRISTIAN DIOR,COMMON STOCK,,30181,4934004.98
CFB,USD,CITIZENS FIRST BANCORP,COMMON STOCK,201647104,369855,7258404.39
BNK,USD,CNB BANCSHARES INC.,COMMON STOCK,126126101,620300,32875900
"CGP,I",USD,COASTAL CORP,PREFERRED STOCK,190441865,75000,1961707.5
CNB,USD,COLONIAL BANCGROUP,COMMON STOCK,195493309,40000,447500
CTM2%5.EU,EUR,COLT TELECOM,BOND,,4000000,3503923.5
CMCSA,USD,COMCAST,COMMON STOCK,200300101,440300,15878318.76
CMCSK1,USD,COMCAST,COMMON STOCK,200300200,115900,4621512.51
CMA,USD,"COMERICA, INC.",COMMON STOCK,200340107,181925,9209953.14
CPG.L5.75%-DBAG,GBP,COMPASS GROUP PLC,FIXED INCOME SWAPS,,2000000,5108976.9
CPG5.75%07.L,GBP,COMPASS GROUP PLC,BOND,,1000000,2554488.46
CQ,USD,COMSAT CORPORATION,COMMON STOCK,20564D107,42858,1269668.26
CMVT4.5%05R,USD,COMVERSE TECHNOLOGY,BOND,205862AG0,3000000,6804510
COC.B,USD,CONOCO INC,COMMON STOCK,208251405,244800,6701400.01
CNC,USD,CONSECO INC,COMMON STOCK,208464107,64200,1219800
CNG,USD,CONSOLIDATED NATURAL GAS,COMMON STOCK,209615103,450500,28099937.51
CTB99VW,USD,COOPER TIRE AND RUBBER CO,PUT OPTION,,102000,1721250
"COX,I",USD,COX CABLE,PREFERRED STOCK,224044305,150000,8738445.01
CUC3%02R,USD,CUC INTERNATIONAL,BOND,126545AD4,2000000,1852456
CVS,USD,CVS DELAWARE,COMMON STOCK,126650100,185000,7550312.5
CYM,USD,CYPRUS AMAX MINERALS CO,COMMON STOCK,232809103,450000,8831250.01
DMGO2.5%04.L,GBP,DAILY MAIL & GEN,BOND,,2330000,3545706.24
DGN6%04,USD,DATA GENERAL CORP,BOND,237688AG1,1500000,1559212.5
DFRNOTE.TO,CAD,DIAMOND FIELDS RESOURCES INC,COMMON STOCK,,15382,104.76
DME,USD,"DIME BANCORP, INC.",COMMON STOCK,25429Q102,193200,3381000
EFU VG,USD,EASTERN ENTERPRISES,PUT OPTION,27637F9VG,50000,1664375
EPG,USD,EL PASO ENERGY,COMMON STOCK,283905107,65000,2616250
ELN0%18AR,USD,ELAN CORP PLC,BOND,284129AA1,9000000,5137785.01
ELN3,USD,ELAN CORP PLC,COMMON STOCK,284131208,18680,626947.5
AQ.EU,EUR,ELF AQUITAINE,COMMON STOCK,,59200,10822964.73
ZAQ.EU,EUR,ELF AQUITAINE,COMMON STOCK,,9000,1645383.15
ELF,USD,ELF AQUITAINE SA,COMMON STOCK,286269105,316000,28953500.01
EMC3.25%02R,USD,EMC CORP,BOND,26865YAA2,2469000,15556855.44
EMC3.25%02SWP,USD,EMC CORP,FIXED INCOME SWAPS,26865YAA2,8531000,53752747.56
ENI.EU,EUR,ENI SPA,COMMON STOCK,,456678,2871647.2
"EXG,7",USD,ENRON OIL & GAS,PREFERRED STOCK,293561882,130000,2822625
"ECJ,R",USD,ESTEE LAUDER,PREFERRED STOCK,518438205,40000,3071724
"ECT,6.25R",USD,ESTEE LAUDER,PREFERRED STOCK,518437207,45000,3135375.01
"CK,.EU",EUR,ETABLISSEMENTS DU CASINO,PREFERRED STOCK,,10328,783518.24
XL1,USD,EXEL LTD,COMMON STOCK,G98255105,90579,4076055
XON,USD,EXXON,COMMON STOCK,302290101,184800,14044800
PFL.CFD,GBP,FARNELL ELECTRONIC,EQUITY SWAPS,,230000,1074971.25
"FMO,R",USD,FED-MOGUL FINANCE TRUST,PREFERRED STOCK,313552408,150000,6002160
"FDW,D",USD,FEDERATED DEPARTMENT STORES,PREFERRED STOCK,31410H127,215000,3977500
FITB1,USD,FIFTH THIRD BANCORP,COMMON STOCK,316773100,16918,1029354.56
FAM,USD,FIRST AMERICAN CORP OF TENNESSEE,COMMON STOCK,318900107,659200,28675200
FNAN.O,USD,FIRST NATIONAL BANK ANCHORAGE,COMMON STOCK,322387101,4687,4790114
FSNM.O,USD,FIRST STATE BANC,COMMON STOCK,336453105,47735,978567.5
FTN,USD,FIRST TENN NATIONAL CORP,COMMON STOCK,337162101,31300,880312.52
FTU,USD,FIRST UNION CORPORATION,COMMON STOCK,337358105,180100,6416062.51
FTU5,USD,FIRST UNION CORPORATION,COMMON STOCK,337358105,53000,1888125
FSR,USD,FIRSTAR CORP,COMMON STOCK,33763V109,97100,2488187.51
FSR2,USD,FIRSTAR CORP,COMMON STOCK,33763V109,808557,20719273.13
"FLE,R",USD,FLEET ENTERPRISES,PREFERRED STOCK,339072407,50000,1751635
FLBK.O,USD,FLORIDA BANKS INC,COMMON STOCK,340560101,105000,721875.02
FCY,USD,FURON COMPANY,COMMON STOCK,361106107,155700,3882768.74
FUSNR,USD,FUSIONS SYSTEMS CORP,COMMON STOCK,361129117,147860,2310.31
GLH.CFD,GBP,GALLAHER GROUP PLC,EQUITY SWAPS,,320000,2201288.33
GY,USD,GENCORP INC,COMMON STOCK,368682100,250600,4589112.5
GD1,USD,GENERAL DYNAMICS,COMMON STOCK,369550108,474760,29642827.5
GE1,USD,GENERAL ELECTRIC,COMMON STOCK,369604103,165995,19680782.19
GIC,USD,GENERAL INSTRUMENT,COMMON STOCK,370120107,695000,33360000
"GPW,",USD,GEORGIA PACIFIC,PREFERRED STOCK,373298801,5400,238181.58
"GPW,-DBAG",USD,GEORGIA PACIFIC,EQUITY SWAPS,373298801,149600,6598511.93
"GSTRF,8AR",USD,GLOBAL STAR,PREFERRED STOCK,379364508,147490,8366886.47
"GSTRF,8R",USD,GLOBAL STAR,PREFERRED STOCK,379364805,52510,2978813.54
"GTS,7.25AR",USD,"GLOBAL TELESYS. GROUP",PREF. STOCK,37936U401,40000,1567923.99
"GTS,7.25R",USD,"GLOBAL TELESYS. GROUP",PREF. STOCK,37936U609,40000,1567924.01
GSB,USD,GOLDEN STATE BANCORP,COMMON STOCK,381197102,265700,4765993.75
GSBNZ,USD,GOLDEN STATE BANCORP,COMMON STOCK,381197136,595070,706645.63
HAL3,USD,HALLIBURTON CO,COMMON STOCK,406216101,86000,3526000
HMSO6.5%06.L,GBP,HAMMERSON PLC,BOND,,1000000,1932512.59
HET1,USD,HARRAH'S ENTERTAINMENT,COMMON STOCK,413619107,270755,7513451.25
HAST,USD,"HASTINGS ENTERTAINMENT, INC",COMMON STOCK,418365102,57300,494212.51
HEHN.EU,EUR,HEINEKEN NV - NETHERLANDS,COMMON STOCK,,55320,2021542.16
HEHN.EU-DBAG,EUR,HEINEKEN NV - NETHERLANDS,EQUITY SWAPS,,200690,7333754.46
HLT5%06R,USD,HILTON HOTELS,BOND,432848AL3,3500000,2810051.99
HOL.S,CHF,HOLDERBANK FINANCIERE GLARUS,COMMON STOCK,,1534,1991318.76
HD3.25%01-SWP,USD,HOME DEPOT,FIXED INCOME SWAPS,437076AE2,12428000,37014623.1
HD3.25%01R,USD,HOME DEPOT,BOND,437076AE2,4232000,12604271.4
HON,USD,HONEYWELL INC.,COMMON STOCK,438506107,204000,22707750.01
HSM3%21-DBAG,USD,HSM,FIXED INCOME SWAPS,896938AB3,3750000,2981137.5
ITW99XL,USD,ILLINOIS TOOL WORKS INC,PUT OPTION,,74200,4312350
IGL,USD,IMC GLOBAL INC,COMMON STOCK,449669100,186700,2718818.76
IML,USD,IMC GLOBAL INC,PREFERRED STOCK,590188751,39170,661549.97
INDYY,USD,INDEPENDENT ENERGY HOLDINGS,COMMON STOCK,45384X108,52500,1007343.76
IBM AC,USD,INTERNATIONAL BUSINESS MACHINES,CALL OPTION,,25000,3304312.5
IP1,USD,INTERNATIONAL PAPER,COMMON STOCK,460146103,1101020,52917773.76
INVEB.ST,SEK,INVESTOR AB,COMMON STOCK,,310000,3673793.53
IIR,USD,IRI INTERNATIONAL CORP,COMMON STOCK,45004F107,155100,727031.26
JCOR0%11R,USD,JACOR COMMUNICATIONS INC,BOND,469858AA2,10000000,12485810
JCP1,USD,JC PENNEY,COMMON STOCK,708160106,26655,919597.5
JNJ VQ,USD,JOHNSON & JOHNSON,PUT OPTION,,170000,14288375
JNJ99JB,USD,JOHNSON & JOHNSON,CALL OPTION,,30000,3331875
JSTN,USD,JUSTIN INDUSTRIES,COMMON STOCK,482171105,200200,2840337.51
"KMD,",USD,KERR-MCGEE,PREFERRED STOCK,492386305,50000,1993314.99
KEY,USD,KEY CORP,COMMON STOCK,493267108,34400,887950.01
KWP,USD,"KING WORLD PRODUCTIONS, INC",COMMON STOCK,495667107,631700,23688750
"KM,TR",USD,KMART CORPORATION,PREFERRED STOCK,498778208,290000,13687333
OVEN.EU,EUR,KONINKLIJKE HOOGOVENS,COMMON STOCK,,206200,11710257.81
KR2-DBAG,USD,KROGER COMPANY,EQUITY SWAPS,501044101,795430,17549174.38
LG,USD,LACLEDE GAS CO,COMMON STOCK,505588103,19000,432250
LEA,USD,LEAR CORP,COMMON STOCK,521865105,226700,7977006.25
LGEN.CFD,GBP,LEGAL & GENERAL GROUP,EQUITY SWAPS,,1925000,5448912.71
"LR,P.EU",EUR,LEGRAND SA,PREFERRED STOCK,,9854,1294013.98
LVLT6%09R,USD,"LEVEL 3 COMMUNICATIONS, INC.",BOND,52729NAG5,5000000,4989285
LTD,USD,LIMITED INC,COMMON STOCK,532716107,133357,5100905.25
LIN,USD,LINENS AND THINGS,COMMON STOCK,535679104,24500,826875
LTR3.125%07R,USD,LOEWS CORP,BOND,540424AL2,11500000,9739522.51
LU1,USD,LUCENT TECHNOLOGY,COMMON STOCK,549463107,371354,24091590.76
"MAN,.EU",EUR,M.A.N. - GERMANY,PREFERRED STOCK,,47465,923037.61
"MAN,.EU-DBAG",EUR,M.A.N. - GERMANY,EQUITY SWAPS,,330515,6427426.05
"MAN,.EU2-DBAG",EUR,M.A.N. - GERMANY,EQUITY SWAPS,,42100,818706.07
MB,USD,MACMILLAN BLOEDEL,COMMON STOCK,554783209,2689300,42086200.36
MRL,USD,MARINE DRILLING,COMMON STOCK,568240204,123000,1944937.51
MSX4.5%03R,USD,MASCOTECH INC,BOND,574670AB1,2500000,2015880
"HYTDL,R",USD,MAXTOR CORP,COMMON STOCK,243664208,165700,1279253.71
MCN,USD,MCN CORP,COMMON STOCK,55267J100,75800,1302812.5
UMG,USD,MEDIAONE GROUP,COMMON STOCK,58440J104,337000,23021312.5
"UMX,",USD,MEDIAONE GROUP,PREFERRED STOCK,58440J401,150000,15670275.01
MRBK.O,USD,MERCANTILE BANKSHARES,COMMON STOCK,587405101,201100,6221531.26
MTA1V.EU,EUR,MERITA - FINLAND,COMMON STOCK,,466000,2629022.88
MED.NO,NOK,MERKANTILDATA,COMMON STOCK,,279000,2867179.43
"MEOG,.EU",EUR,METRO - GERMANY,PREFERRED STOCK,,19795,549924.9
"MEOG,.EU-DBAG",EUR,METRO - GERMANY,EQUITY SWAPS,,358413,9957071.55
MSFT,USD,MICROSOFT CORPORATION,COMMON STOCK,594918104,9600,869400
WMF02MN,USD,MICROSOFT CORPORATION,PUT OPTION,,25000,1600000
WMF02MO,USD,MICROSOFT CORPORATION,PUT OPTION,,25000,1691950
MDST,USD,MID-STATE BANCSHARES,COMMON STOCK,595440108,24300,744187.51
MOLXA,USD,MOLEX INC,COMMON STOCK,608554200,255000,8255625
MTC,USD,MONSANTO,COMMON STOCK,611662107,95800,3418862.5
MM0%15,USD,MUTUAL RISK MGMT LTD,BOND,628351AB4,10000000,4257900
"NAU,7.875R",USD,NATIONAL AUSt. BANK LTD,PREF. STOCK,632525309,235000,6433125.01
NCC,USD,NATIONAL CITY CORPORATION,COMMON STOCK,635405103,169200,4515525.01
NGG4.25%08.L,GBP,NATIONAL GRID CO,BOND,,3000000,5525651.7
"NGG,6R",USD,NATIONAL GRID GROUP,PREFERRED STOCK,ML0091GX1,300000,7195500
NAP,USD,NATIONAL PROCESSING,COMMON STOCK,637229105,1073200,9658800
NWB.CFD,GBP,"NATIONAL WESTMINISTER BANK, PLC",EQUITY SWAPS,,264000,6182434.11
NETA0%18R,USD,NETWORK ASSOCIATES,BOND,640938AB2,1000000,335225.01
NWL1,USD,NEWELL COMPANY,COMMON STOCK,651229106,283345,8093041.56
NCP.AX,AUD,NEWS CORP,COMMON STOCK,,544600,3818982.66
NWS0%13A,USD,NEWS CORP,BOND,652478AS7,10000000,6099660
"MNX,",USD,NEXTEL COMMUNICATIONS,PREFERRED STOCK,65332Y107,67600,3863340
"NXLK,6.5AR",USD,NEXTLINK COMMUNICATIONS,COMMON STOCK,65333H806,26145,3187180.08
"NXLK,6.5R",USD,NEXTLINK COMMUNICATIONS,COMMON STOCK,65333H863,72955,8893506.32
GAS,USD,NICOR INC.,COMMON STOCK,654086107,26100,970593.76
NMR,USD,"NIELSEN MEDIA RESEARCH, INC",COMMON STOCK,653929307,109600,4075750
NBL,USD,NOBLE AFFILIATES INC,COMMON STOCK,654894104,323900,9393100
NE,USD,NOBLE DRILLING CORP,COMMON STOCK,655042109,150000,3281250.01
NTRS.O,USD,NORTHERN TRUST CORP,COMMON STOCK,665859104,29700,2479950
NRIM,USD,NORTHRIM BANK,COMMON STOCK,666764105,150000,1434375
NST,USD,NSTAR HOLDING CO,COMMON STOCK,67019E107,93188,3611035
NTLI1,USD,NTL INCORPORATED,COMMON STOCK,629407107,8000,768750
NUI,USD,NUI CORPORATION,COMMON STOCK,629430109,38000,940500
OEI,USD,OCEAN ENERGY INC,COMMON STOCK,67481E106,150000,1528125.01
ODP0%07R,USD,OFFICE DEPOT INC,BOND,676220AA4,6000000,3815675.99
ODP0%08R,USD,OFFICE DEPOT INC,BOND,676220AB2,2000000,1325347.99
OK99JH,USD,OLD KENT FINANCIAL CORP,CALL OPTION,,102000,4182062.5
OLS,USD,OLSTEN CORP,COMMON STOCK,681385100,1385000,14455937.5
OCR5%07,USD,OMNICARE,BOND,681904AD0,4000000,2648112.01
OSI,USD,"OUTDOOR SYSTEMS, INC",COMMON STOCK,690057104,689500,24649625
"OCBC,W.SI",SGD,OVERSEA-CHINESE BNK CORP,WARRANT,,315000,2081885.14
OWC,USD,OWENS CORNING,COMMON STOCK,69073F103,219500,4760406.25
PPW,USD,PACIFICORP,COMMON STOCK,695114108,693200,13950650
PE,USD,PECO ENERGY COMPANY,COMMON STOCK,693304107,162800,6105000
PETM.O,USD,PETSMART,COMMON STOCK,716768106,50000,185937.5
PHB,USD,"PIONEER HI-BRED INT'L, INC",COMMON STOCK,723686101,291200,11557000.01
"PIOS,6.75R",USD,PIONEER STANDARD ELECT.,PREF. STOCK,723879300,65900,3583312.51
POC,USD,POCO PETROLEUMS LTD,COMMON STOCK,730361102,2825000,24891922.49
PMI,USD,PREMARK INTERNAT'L INC,COMMON STOCK,740459102,106000,5353000
PDE,USD,PRIDE INTERNATIONAL INC.,COMMON STOCK,741932107,182800,2593475.01
"PSIX,6.75",USD,PSINET,PREFERRED STOCK,74437C309,50000,1975155.01
PTZ,USD,PULITZER PUBLISHING CO,COMMON STOCK,745769109,110400,5016300.01
QE.TO,CAD,Q ENERGY,COMMON STOCK,,914500,261606.05
"QCOMP,R",USD,QUALCOMM,PREFERRED STOCK,74752R402,30000,7950101.99
KWK,USD,QUICKSILVER RESOURCES INC,COMMON STOCK,74837R104,47809,316734.63
QWST1,USD,QWEST COMMUNICATIONS,COMMON STOCK,749121109,31492,930982.25
ZWK01MY,USD,QWEST COMMUNICATIONS,PUT OPTION,,188000,3962250
FLC3,USD,R & B FALCON DRILLING,COMMON STOCK,74912E101,483200,6342000
RTK3.5%09.L,GBP,RAILTRACK GROUP PLC,BOND,EC1041978,2500000,3700809.02
RATNB.CO,DKK,RATIN B,COMMON STOCK,,27350,3005365.34
RDB,USD,READER'S DGST ASSOCIATION,COMMON STOCK,755267200,177700,4686837.51
"RDT,",USD,READER'S DGST ASSOCIATION,PREFERRED STOCK,755271202,70000,1938972
REED.CFD,GBP,REED PLC,EQUITY SWAPS, 730835,191287,1174207.79
RGBK,USD,REGIONS FINANCIAL CORPORATION,COMMON STOCK,758940100,13800,414000
RSCR6%04AR,USD,RES-CARE INC,BOND,760943AA8,187000,183880.65
RSCR6%04R,USD,RES-CARE INC,BOND,760943AC4,7313000,7191011.85
RLM,USD,REYNOLDS METALS CO.,COMMON STOCK,761763101,151000,9116625.01
RTR,USD,RII AUTOMATIC EXCHANGE SECURITY,COMMON STOCK,05300A202,215000,2818779
RAD5.25%02R,USD,RITE AID CORPORATION,BOND,767754AL8,5250000,4317563.25
RAD6.7%01R,USD,RITE AID CORPORATION,BOND,767754AG9,1000000,930000
RROS.ST,SEK,ROTTNEROS AB,COMMON STOCK,,769200,714223.58
RDC,USD,ROWAN COMPANIES INC,COMMON STOCK,779382100,142500,2315625
NUTVNA1.5%04.EU,EUR,ROYAL NUMICO NV,BOND,,2000000,2154587.52
SPT00MJ,USD,S&P INDEX OPTIONS,PUT OPTION,,1000,1126875
SPT00MJOTC,USD,S&P INDEX OPTIONS,PUT OPTION,,20000,22537500
SXM99LT,USD,S&P INDEX OPTIONS,CALL OPTION,,3000,4633000
SXY99JR,USD,S&P INDEX OPTIONS,CALL OPTION,,600,835875
SXZ99JT,USD,S&P INDEX OPTIONS,CALL OPTION,,600,841200
SXZ99KE,USD,S&P INDEX OPTIONS,CALL OPTION,,1400,2018025
SXZ99LE,USD,S&P INDEX OPTIONS,CALL OPTION,,900,1306425
SXZ99LJ,USD,S&P INDEX OPTIONS,CALL OPTION,,2500,3687000
SZP00MJ,USD,S&P INDEX OPTIONS,PUT OPTION,,1000,1209750
SZP00MJOTC,USD,S&P INDEX OPTIONS,PUT OPTION,,20000,24187500
SAP.EU,EUR,SAP AG,COMMON STOCK,,10562,4085349.92
SBC3,USD,SBC COMMUNICATIONS INC.,COMMON STOCK,78387G103,534387,27287136.19
SCG,USD,SCANA CORP HOLDING COMPANY,COMMON STOCK,805898103,107600,2602575
CKH5.375%06R,USD,SEACOR HOLDINGS INC,BOND,811904AE1,3000000,2908125
"VOY,",USD,SEAGRAMS CO LTD,COMMON STOCK,811850205,100300,4614973.51
"SEE,AR",USD,SEALED AIR CORP,PREFERRED STOCK,81211K209,156300,7941993.76
"SEE,AR-SWP",USD,SEALED AIR CORP,EQUITY SWAPS,81211K209,128700,6539568.75
SIA.SI,SGD,SINGAPORE AIRLINES LTD,COMMON STOCK,,195500,1854991.74
SII,USD,SMITH INTERNATIONAL INC,COMMON STOCK,832110100,123800,5013900
RIG,USD,SONAT OFFSHORE DRILLING INC,COMMON STOCK,G90076103,121700,3727062.51
SOTR,USD,SOUTHTRUST CORPORATION,COMMON STOCK,844730101,172000,6170500.02
GBP99OCT27,USD,SPOT CURRENCY TRADES,FORWARD CURRENCY,,1885062,3102811.26
STT,USD,STATE STREET BOSTON CORPORATION,COMMON STOCK,857477103,100900,6520662.51
STM0%08,USD,STMICROELECTRONICS N.V.,BOND,861012AA0,3000000,4092015.01
STM0%09,USD,STMICROELECTRONICS N.V.,BOND,861012AB8,3000000,2393910
"SZA,5.5R",USD,SUIZA FOODS CORP,PREFERRED STOCK,86507G408,75000,2643750
SUB,USD,SUMMIT BANCORP,COMMON STOCK,866005101,54800,1777575.01
"SHGE,7AR",USD,SUN HEALTHCARE,PREFERRED STOCK,866749203,140000,40446
SHGE1,USD,SUN HEALTHCARE,COMMON STOCK,866933104,25000,6000
STI1,USD,SUNTRUST BANK,COMMON STOCK,867914103,271505,17851453.75
SRY,USD,SURITY CAPITAL CORP,COMMON STOCK,868666207,549800,515437.51
TWE,USD,"TD WATERHOUSE GROUP, INC",COMMON STOCK,872362108,130200,1684462.51
"TPAC,PR",USD,TELE-COMM. CLASS A,PREF. STOCK,872294202,1555,421474.98
TPACP-SWP,USD,TELE-COMM. CLASS A,EQUITY SWAPS,872294202,23445,6354650.03
TMX4.25%04R,USD,TELEMEX,BOND,879403AD5,1500000,1412155.5
TWT5.25%07.L,GBP,TELEWEST COMMUNICATIONS PLC,BOND,,4000000,6063285.42
"TXI,5.5R",USD,TEXAS INDUSTRIES,PREFERRED STOCK,873119200,50000,1860940
TRBS,USD,"TEXAS REGIONAL BANCSHARES, INC",COMMON STOCK,882673106,50100,1239975
BLND6.5%.L-DBAG,GBP,BRITISH LAND CO PLC,FIXED INCOME SWAPS,,2000000,3284455.14
BLND6.5%07.L,GBP,THE BRITISH LAND CO PLC,BOND,,3000000,4926682.72
SVEV,USD,THE SOUTHLAND CORP,COMMON STOCK,817826100,265955,523598.91
SPD,USD,THE STANDARD PRODUCTS CO,COMMON STOCK,853836104,95000,3363593.75
UHRN.S,CHF,THE SWATCH GROUP AG,COMMON STOCK,,18500,3018849.06
TFT4.5%04A,USD,THERMO FIBERTEK,BOND,88355WAA3,4500000,3647250
TMO4.25%03A,USD,THERMO FIBERTEK,BOND,883556AF9,14000000,12162500
"TIE,R",USD,TITANIUM METALS,PREFERRED STOCK,887381408,49000,1114750
"TOS,R",USD,TOSCO CORP,PREFERRED STOCK,891491409,50000,2288575.01
"TWR,6.75AR",USD,TOWER AUTOMOTIVE,PREFERRED STOCK,891706202,9725,414326.82
"TWR,6.75R",USD,TOWER AUTOMOTIVE,PREFERRED STOCK,891706301,40275,1715888.19
TGL,USD,TRIANGLE BANCORP,COMMON STOCK,895835106,299400,5538900
TRI,USD,TRINET,COMMON STOCK,896287109,211300,5031581.25
"TIM,",USD,TRUST ISSUED MAND. EXCH SEC.,PREf. STOCK,562613109,60000,203250.01
TYC3,USD,"TYCO INTERNATIONAL, INC.",COMMON STOCK,902124106,518562,53541526.5
USW,USD,"U S WEST, INC",COMMON STOCK,91273H101,181000,10328312.5
UK,USD,UNION CARBIDE CORPORATION,COMMON STOCK,905581104,533000,30281062.51
"UNP6.25,28R",USD,UNION PACIFIC CORPORATION,COMMON STOCK,907824403,50000,2267825
UNWS6.125%03.L,GBP,UNITED NEWS AND MEDIA PLC,BOND,,4000000,6623942.5
USB,USD,US BANCORP OF OREGON,COMMON STOCK,902973106,443700,13394193.76
USTB.O,USD,UST CORP,COMMON STOCK,902900109,352100,10827075
VLO,USD,VALERO NATURAL GAS PARTNERS,COMMON STOCK,91913Y100,247200,4758600
VICK.CFD,GBP,VICKERS PLC,EQUITY SWAPS,,225000,907192.12
"VOW,.EU",EUR,VOLKSWAGEN - GERMANY,PREFERRED STOCK,,114453,3659007.47
"VOW,.EU-DBAG",EUR,VOLKSWAGEN - GERMANY,EQUITY SWAPS,,180395,5767141.56
WB VO,USD,WACHOVIA BANK,PUT OPTION,,8000,587519
WM,USD,WASHINGTON MUTUAL SAVINGS BANK,COMMON STOCK,939322103,297400,8698950
WMI2%05R,USD,WASTE MANAGEMENT INC,BOND,92929QAF4,5500000,4510000
WMI4%02R,USD,WASTE MANAGEMENT INC,BOND,94106LAA7,10000000,8899240
WFT,USD,WEATHERFORD INTERNATIONAL,COMMON STOCK,947074100,333400,10668800
WFC00MG,USD,WELLS FARGO & COMPANY,PUT OPTION,,100000,3401562.5
WFC1,USD,WELLS FARGO & COMPANY,COMMON STOCK,949746101,808680,32043945
WDC,USD,WESTERN DIGITAL CORP,COMMON STOCK,958102105,27000,99562.5
WL,USD,WILMINGTON TRUST CORP,COMMON STOCK,971807102,75300,3656756.26
ZION,USD,ZION BANCORPORATION,COMMON STOCK,989701107,160300,8836537.51
