Symbol Country Symbol Description Security Type CUSIP Shares Market Value
ADVNB USD ADVANTA CORPORATION COMMON STOCK 7942204 579160 8144437.5
"AES,IIIR" USD AES CORP PREFERRED STOCK 00808N202 100000 6145070
ACV.A USD ALBERTO CULVER COMMON STOCK 13068200 43000 935250
ALL1 USD ALLSTATE CORP COMMON STOCK 20002101 501820 12075043.76
AZA USD ALZA CORP COMMON STOCK 22615108 112900 3909162.51
AZA0%14R USD ALZA CORP BOND 022615AC2 10000000 4979390
AMZN4.75%09R USD AMAZON.COM BOND 023135AF3 8000000 9085304
AOL0%19A USD AMERICA ONLINE BOND 02364JAC8 5000000 2836875.01
AIG1 USD AMERICAN INT'L GROUP INC COMMON STOCK 26874107 115542 12492978.76
ACR5.75%02 USD AMERICAN RETIREMENT CORP BOND 028913AA9 5300000 3739155.31
AMT6.25%09AS USD AMERICAN TOWER CORPORATION BOND 029912AA0 3000000 4216278
AMT6.25%09R USD AMERICAN TOWER CORPORATION BOND 029912AB8 1000000 1405426
AFM USD "AMFM, INC" COMMON STOCK 1693100 150213 11754167.25
AFM1 USD "AMFM, INC" COMMON STOCK 1693100 422487 33059607.75
ASO USD AMSOUTH BANCORPORATION COMMON STOCK 32165102 252800 4882200
ASO1 USD AMSOUTH BANCORPORATION COMMON STOCK 32165102 1166075 22519823.44
AOC USD AON CORPORATION COMMON STOCK 37389103 56600 2264000
ASML2.5%05.EU EUR ASM LITHOGRAPHY HOLDING NV BOND 2949572 5639902.47
ATHM.5246%18AR USD AT HOME CORP SER - A BOND 045919AA5 2511000 1567790.56
ATHM.5246%18R USD AT HOME CORP SER - A BOND 045919AC1 1489000 929685.45
ATHM4.75%06A USD AT HOME CORP SER - A BOND 045919AD9 10000000 9536960
T00PJ USD AT&T CORPORATION PUT OPTION 0019579PJ 114000 5060250
T1 USD AT&T CORPORATION COMMON STOCK 1957109 372267 18915816.94
T3 USD AT&T CORPORATION COMMON STOCK 1957109 875727 44497878.19
ATG USD ATLANTA GAS & LIGHT COMMON STOCK 1204106 53300 906100
ARC USD ATLANTIC RICHFIELD COMPANY COMMON STOCK 48825103 271100 23450150
ATO USD ATMOS ENERGY CORPORATION COMMON STOCK 49560105 51000 1042312.5
BAA4.875%04.L GBP BAA PLC BOND 4000000 6206638.8
BAA5.75%06.L GBP BAA PLC BOND 1000000 1606101.34
BHI USD BAKER HUGHES INC COMMON STOCK 57224107 200000 4212500.02
BHI0%08R USD BAKER HUGHES INC BOND 057224AH0 2500000 1725000
ONE USD BANC ONE COMMON STOCK 06423A103 18510 592320
BMO.TO CAD BANK OF MONTREAL COMMON STOCK 80000 2727901.51
"BKP," USD BANK UNITED COMMON STOCK 65412306 97800 3886083.01
BAC USD BANKAMERICA CORPORATION COMMON STOCK 60505104 205600 10318550.01
BBT USD BB&T CORP COMMON STOCK 54937107 445300 12190087.51
BBV.EU EUR BBV.EU COMMON STOCK 215000 3056820.55
BCE.TO CAD BCE INC COMMON STOCK 05534B109 115200 10449910.09
BEAS4%05R USD "BEA SYSTEMS, INC" BOND 073325AB8 2500000 13276775
BEL/CWZ4.25%05A USD BELL ATLANTIC BOND 07785GAC4 11000000 13456300
BEL4.25%05R USD BELL ATLANTIC BOND U0778KAD4 5000000 6116500
GR3 USD BF GOODRICH COMMON STOCK 382388106 346245 9521737.5
BLK USD "BLACKROCK, INC" COMMON STOCK 09247X101 170300 2927031.25
"BMW,.EU" EUR BMW - GERMANY PREFERRED STOCK 576946 9281907.26
BAPLC3.75%06.L GBP BRITISH AEROSPACE BOND 4000000 11765727.2
BF.A USD BROWN FOREMAN COMMON STOCK 115637100 23800 1283712.5
"BD,R" USD BUDGET GROUP PREFERRED STOCK 119001303 250000 7875000
BR USD "BURLINGTON RESOURCES, INC." COMMON STOCK 122014103 320000 10580000
CUBE USD C CUBED MICROSYSTEMS COMMON STOCK 125015107 239700 14921325
CWZ1 USD CABLE AND WIRELESS ADR COMMON STOCK 12682P104 85500 5985000
MEC USD CALENERGY COMMON STOCK 59562V107 524400 17665725.01
"MEC,IIIR" USD CALENERGY PREFERRED STOCK 12946N309 182855 6879919.38
"MEC,IIR" USD CALENERGY PREFERRED STOCK 12946P403 75000 3131250
CAH1 USD "CARDINAL HEALTH, INC." COMMON STOCK 14149Y108 298724 14301411.51
CAH3 USD "CARDINAL HEALTH, INC." COMMON STOCK 14149Y108 331599 15875302.14
CBS USD CBS INC. COMMON STOCK 12490K107 394307 25211003.82
CBS1 USD CBS INC. COMMON STOCK 12490K107 488693 31245808.7
CCB USD CCB FINANCIAL CORP COMMON STOCK 124875105 220700 9614243.75
CF USD CHARTER ONE FINANCIAL INC COMMON STOCK 160903100 307300 5877112.52
CMB USD CHASE MANHATTAN CORPORATION COMMON STOCK 16161A108 302300 23484931.26
CHV.TO CAD CHAUVCO RESOURCES LIMITED COMMON STOCK G19472102 152200 1052.7
CHIR1.9%00R USD CHIRON CORP BOND 170040AB5 7385000 10851068.52
DIOR.EU EUR CHRISTIAN DIOR COMMON STOCK 29681 7341684.4
CFB USD CITIZENS FIRST BANCORP COMMON STOCK 201647104 205955 3668573.44
CLFY USD "CLARIFY, INC" COMMON STOCK 180492100 32300 4069800
CCU1.5%02R USD CLEAR CHANNEL COMMUNICATION INC. BOND 184502AE2 3000000 3069498
CCU2.625%03R USD CLEAR CHANNEL COMMUNICATION INC. BOND 184502AB8 6000000 8915598
CMS USD CMS ENERGY COMMON STOCK 125896100 126400 3942100
CNB USD COLONIAL BANCGROUP COMMON STOCK 195493309 223400 2317775.01
CTM2%5.EU EUR COLT TELECOM BOND 4000000 7460560.64
CG USD COLUMBIA GAS COMMON STOCK 197648108 120000 7590000
CMCSA USD COMCAST COMMON STOCK 200300101 292300 13993862.51
CMA USD "COMERICA, INC." COMMON STOCK 200340107 80960 3779820
CBSS USD COMPASS BANCSHARES INC COMMON STOCK 20449H109 524654 11706342.38
CMVT4.5%05R USD COMVERSE TECHNOLOGY BOND 205862AG0 3000000 10253328
COC.B USD CONOCO INC COMMON STOCK 208251405 439800 10940025.01
CNG USD CONSOLIDATED NATURAL GAS COMMON STOCK 209615103 975000 63314062.5
ALB.EU EUR "CORPORACION FINANCIERA ALBA, SA" COMMON STOCK 39787 1358597.93
"COX,I" USD COX CABLE PREFERRED STOCK 224044305 130000 8943194.01
CUC3%02R USD CUC INTERNATIONAL BOND 126545AD4 4000000 4067948
CFR USD CULLEN FROST BANKERS INC COMMON STOCK 229899109 80000 2060000
CVS USD CVS DELAWARE COMMON STOCK 126650100 511300 20388087.5
DMGO2.5%04.L GBP DAILY MAIL & GEN BOND 2330000 3787747.84
DFRNOTE.TO CAD DIAMOND FIELDS RESOURCES INC COMMON STOCK 15381 106.38
DME USD "DIME BANCORP, INC." COMMON STOCK 25429Q102 300700 4548087.5
DYN.NO NOK DYNO ASA COMMON STOCK 80000 1993173.38
ESTM USD E-STAMP CORP COMMON STOCK 269154100 118000 2625500
DISH4.875%07A USD ECHOSTAR COMMUNICATIONS CORP BOND 278762AB5 4650000 5738625.45
EPG USD EL PASO ENERGY COMMON STOCK 283905107 27400 1063462.51
ELN0%18AR USD ELAN CORP PLC BOND 284129AA1 9000000 4666760.99
ELN0%18R USD ELAN CORP PLC BOND 284129AC7 9000000 4666761
ELN3 USD ELAN CORP PLC COMMON STOCK 284131208 18680 551060
ELN4.75%04R USD ELAN CORP PLC BOND 046854AB1 4000000 4081188
ENI.EU EUR ENI SPA COMMON STOCK 1015978 5577749.69
EOG USD ENRON OIL & GAS COMMON STOCK 26875P101 369500 6489343.75
"EXG,7" USD ENRON OIL & GAS PREFERRED STOCK 293561882 198000 3684047.4
ESV USD ENSCO INTERNATIONAL COMMON STOCK 26874Q100 38700 885262.51
DESC.EU EUR ERSTE BANK COMMON STOCK 46180 2043095.56
"ECJ,R" USD ESTEE LAUDER PREFERRED STOCK 518438205 40000 3776188
"ECT,6.25R" USD ESTEE LAUDER PREFERRED STOCK 518437207 45000 3920625.01
"CK,.EU" EUR ETABLISSEMENTS DU CASINO PREFERRED STOCK 10328 794956.74
ETBA.GR GRD ETBA BANK COMMON STOCK 281500 2575323.25
EXDS5%06R USD EXODUS COMMUNICATIONS BOND 302088AE9 1000000 7790140
XOM USD EXXON MOBIL COMMON STOCK 30231G102 91900 7403693.75
"FMO,R" USD FED-MOGUL FINANCE TRUST PREFERRED STOCK 313552408 325000 11072652.5
"FDW,D" USD FEDERATED DEPARTMENT STORES PREFERRED STOCK 31410H127 216700 5309150
FITB1 USD FIFTH THIRD BANCORP COMMON STOCK 316773100 16918 1241358.26
FITB3 USD FIFTH THIRD BANCORP COMMON STOCK 316773100 585755 42979773.14
FNAN.O USD FIRST NATIONAL BANK ANCHORAGE COMMON STOCK 322387101 4462 4238900
FSCO USD FIRST SECURITY CORP COMMON STOCK 336294103 10300 262971.88
FSNM.O USD FIRST STATE BANC COMMON STOCK 336453105 55101 757638.75
FTN USD FIRST TENN NATIONAL CORP COMMON STOCK 337162101 265100 7555350
FTU USD FIRST UNION CORPORATION COMMON STOCK 337358105 491500 16188781.26
FTU5 USD FIRST UNION CORPORATION COMMON STOCK 337358105 53000 1745687.5
FSR USD FIRSTAR CORP COMMON STOCK 33763V109 477500 10087187.51
FSR2 USD FIRSTAR CORP COMMON STOCK 33763V109 808557 17080766.63
"FLE,R" USD FLEET ENTERPRISES PREFERRED STOCK 339072407 285011 9619121.25
FLBK.O USD FLORIDA BANKS INC COMMON STOCK 340560101 266900 1609740.63
FOM USD FOREMOST CORP. OF AMERICA COMMON STOCK 345469100 375700 10660487.51
FPL USD FPL GROUP COMMON STOCK 302571104 66000 2825625
FTE2%04.EU EUR FRANCE TELECOM BOND 4000259 6690064.87
GY USD GENCORP INC COMMON STOCK 368682100 280600 2770925.01
GD1 USD GENERAL DYNAMICS COMMON STOCK 369550108 474760 25043590
GE1 USD GENERAL ELECTRIC COMMON STOCK 369604103 165995 25687726.25
GIC USD GENERAL INSTRUMENT COMMON STOCK 370120107 1005000 85425000
"GPW," USD GEORGIA PACIFIC PREFERRED STOCK 373298801 185500 9536647.75
GILTF6.5%04 USD GILAT SATELLITE BOND 375255AB2 2000000 5700000
"GBLX,R" USD GLOBAL CROSSING LIMITED PREFERRED STOCK 37932J202 60000 7491198
GLM USD GLOBAL MARINE INC COMMON STOCK 379352404 851800 14161175.02
"GSTRF,9A" USD GLOBAL STAR PREFERRED STOCK 379364870 164000 15042785.2
"GTS,7.25AR" USD "GLOBAL TELESYSTEMS GROUP" PREF. STOCK 37936U401 40000 2270816
"GTS,7.25R" USD "GLOBAL TELESYSTEMS GROUP" PREF. STOCK 37936U609 40000 2270816
GSB USD GOLDEN STATE BANCORP COMMON STOCK 381197102 242800 4188300
GSBNZ USD GOLDEN STATE BANCORP COMMON STOCK 381197136 315070 275686.26
GPU USD GPU INC COMMON STOCK 36225X100 84000 2499000
HAL3 USD HALLIBURTON CO COMMON STOCK 406216101 86000 3461500
HET1 USD HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 270755 7158085.32
HRC3.25%03R USD HEALTHSOUTH CORPORATION BOND 421924AF8 2000000 1567500
HEHN.EU EUR HEINEKEN NV - NETHERLANDS COMMON STOCK 48000 1686826.79
HIB USD HIBERNIA CORP COMMON STOCK 428656102 405100 4304187.51
HLT5%06R USD HILTON HOTELS BOND 432848AL3 6000000 4573200
HON1 USD HONEYWELL INC. COMMON STOCK 438516106 981612 56626742.26
HBAN USD HUNTINGTON BANCSAHRES INC COMMON STOCK 446150104 324300 7742662.51
ITW1 USD ILLINOIS TOOL WORKS INC COMMON STOCK 452308109 358327 24209467.94
IMS.TO CAD IMASCO LIMITED COMMON STOCK 452451701 434700 12026559.69
IMP USD IMPERIAL CAPITAL COMMON STOCK 452556103 91000 2195375.02
INF1 USD INFINITY BROADCASTING CORP COMMON STOCK 45662S102 694543 25133774.82
IBM AC USD INTERNATIONAL BUSINESS MACHINES CALL OPTION 4592009AC 25000 3304312.5
IP1 USD INTERNATIONAL PAPER COMMON STOCK 460146103 1101020 62138816.26
INVEB.ST SEK INVESTOR AB COMMON STOCK 486000 6855208.41
JCOR0%11R USD JACOR COMMUNICATIONS INC BOND 469858AA2 10000000 13889619.99
JNJ5 USD JOHNSON & JOHNSON COMMON STOCK 478160104 289450 26991212.5
JOINA USD "JONES INTERCABLE, INC" COMMON STOCK 480206200 253100 17542993.75
"KMD," USD KERR-MCGEE PREFERRED STOCK 492386305 50000 1633314.99
KEY USD KEY CORP COMMON STOCK 493267108 479100 10600087.5
"KM,TR" USD KMART CORPORATION PREFERRED STOCK 498778208 474300 20760111
KOTS.GR GRD KOTSOVOLOS COMMON STOCK 9900 283184.94
LG USD LACLEDE GAS CO COMMON STOCK 505588103 44000 951500.01
LEA USD LEAR CORP COMMON STOCK 521865105 156700 5014400
"LR,P.EU" EUR LEGRAND SA PREFERRED STOCK 9854 1397055.78
LEN0%18R USD LENNAR CORP BOND 526057AA2 5000000 1962500
LVLT6%09R USD "LEVEL 3 COMMUNICATIONS, INC." BOND 52729NAG5 5000000 7024310
LTD USD LIMITED INC COMMON STOCK 532716107 133360 5776155
LIN USD LINENS AND THINGS COMMON STOCK 535679104 319100 9453337.51
LTR3.125%07R USD LOEWS CORP BOND 540424AL2 11500000 9457186
"LOR," USD LORAL CORPORATION PREFERRED STOCK G56462149 120000 7475676.01
LU1 USD LUCENT TECHNOLOGY COMMON STOCK 549463107 371354 27851550
"MAN,.EU" EUR M.A.N. - GERMANY PREFERRED STOCK 158465 3505404.28
MMN1%04.EU EUR MANNESMANN AG BOND 550000 674413.99
MI USD MARSHALL & ILSLEY CORP COMMON STOCK 571834100 25000 1570312.51
"HYTDL,R" USD MAXTOR CORP COMMON STOCK 243664208 165700 1316420.22
MCN USD MCN CORP COMMON STOCK 55267J100 75800 1800250
UMG USD MEDIAONE GROUP COMMON STOCK 58440J104 640000 49160000
"UMX," USD MEDIAONE GROUP PREFERRED STOCK 58440J401 150000 15957659.99
MEL USD MELLON BANK CORPORATION COMMON STOCK 58551A108 357900 12190968.75
MTA1V.EU EUR MERITA - FINLAND COMMON STOCK 466000 2741093.56
MED.NO NOK MERKANTILDATA COMMON STOCK 169000 2042130.71
"MEOG,.EU" EUR METRO - GERMANY PREFERRED STOCK 179975 5428945.89
MSFT USD MICROSOFT CORPORATION COMMON STOCK 594918104 4600 537050
WMF02MN USD MICROSOFT CORPORATION PUT OPTION ML00ZC5T6 25000 1600000
WMF02MO USD MICROSOFT CORPORATION PUT OPTION ML00ZC2P9 25000 1691950
MDST USD MID-STATE BANCSHARES COMMON STOCK 595440108 57800 1842375
MSPG USD "MINDSPRING ENTERPRISES, INC" COMMON STOCK 602683104 44500 1175078.13
MOLXA USD MOLEX INC COMMON STOCK 608554200 698200 31593550
NA USD NABISCO COMMON STOCK 629526104 55700 1754550
NBR USD "NABORS INDUSTRIES, INC." COMMON STOCK 629568106 29600 915750.01
"NAU,7.875R" USD NAT'L AUSTRALIA BANK LTD PREF. STOCK 632525309 235000 6477681
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"NGG,6R" USD NATIONAL GRID GROUP PREFERRED STOCK ML0091GX1 250000 10891000
NAP USD NATIONAL PROCESSING COMMON STOCK 637229105 1092500 9695937.52
NES USD NEW ENGLAND ELECTRIC SYSTEM COMMON STOCK 644001109 305000 15783750
NWL1 USD NEWELL COMPANY COMMON STOCK 651229106 283345 8217005
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"MNX," USD NEXTEL COMMUNICATIONS PREFERRED STOCK 65332Y107 67600 5860751
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GAS USD NICOR INC. COMMON STOCK 654086107 34100 1108250
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PCG USD PG & E CORP COMMON STOCK 69331C108 171000 3505500
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PTVL USD "PREVIEW TRAVEL, INC" COMMON STOCK 74137R101 15000 781875.02
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