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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F-HR
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION
13F OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED SEPTEMBER 30, 1999.
SHIKIAR ASSET MANAGEMENT, INC.
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Name of Institutional Investment Manager
399 PARK AVENUE NEW YORK, NY 10022
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Business Address
STUART A. SHIKIAR - PRESIDENT 212/888-6565
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Name, Phone #, and Title of Person Duly Authorized to Submit This Form
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned
and institutional investment manager has caused this report to be signed on its
behalf in the City of New York and State of New York on the 21st day of
October, 1999.
Stuart A. Shikiar
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Name of Institutional Investment Manager
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
AMFM INC COMMON 001693100 267 4400 SH SOLE 4400 0 0
AT&T CORP COMMON 001957109 8385 192750 SH SOLE 192750 0 0
AT&T CORP COM LIB GRP A 001957208 6899 184900 SH SOLE 184900 0 0
AETNA INC COMMON 008117103 202 4098 SH SOLE 4098 0 0
AIRGAS INC COMMON 009363102 349 30000 SH SOLE 30000 0 0
ALBERTSONS INC COMMON 013104104 245 6200 SH SOLE 6200 0 0
ALZA CORP COMMON 022615108 7892 184350 SH SOLE 184350 0 0
AMAZON COM INC COMMON 023135106 32 400 SH SOLE 400 0 0
AMERICA ONLINE INC DEL COMMON 02364J104 1416 13610 SH SOLE 13610 0 0
AMERICAN EXPRESS CO COMMON 025816109 7602 56312 SH SOLE 56312 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 689 16600 SH SOLE 16600 0 0
AMERICAN INTERACTIVE MED COMMON 02686W106 0 3500 SH SOLE 3500 0 0
AMERICAN INTL GROUP INC COMMON 026874107 237 2731 SH SOLE 2731 0 0
TS AMES DEPT STORES LITIGATION TRUST 030789705 0 19829 SH SOLE 19829 0 0
AMGEN INC COMMON 031162100 6854 84100 SH SOLE 84100 0 0
APPLE COMPUTER INC COMMON 037833100 127 2000 SH SOLE 2000 0 0
ARMOR HOLDINGS INC COMMON 042260109 517 47500 SH SOLE 47500 0 0
ASSOCIATED GROUP INC CL A 045651106 5917 97800 SH SOLE 97800 0 0
ASSOCIATED GROUP INC CL B 045651205 3040 50200 SH SOLE 50200 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
AT HOME CORP COM SER A 045919107 29 700 SH SOLE 700 0 0
ASSOCIATES FIRST CAP COR CL A 046008108 740 20564 SH SOLE 20564 0 0
ATLANTIC RICHFIELD CO COMMON 048825103 222 2500 SH SOLE 2500 0 0
AUTOMATIC DATA PROCESSIN COMMON 053015103 0 2 SH SOLE 2 0 0
BANK OF AMERICA CORP COMMON 060505104 66 1182 SH SOLE 1182 0 0
BANK ONE CORP COMMON 06423A103 592 17000 SH SOLE 17000 0 0
BANK UTD CORP CL A 065412108 32 1000 SH SOLE 1000 0 0
BANKUNITED FINL CORP CL A 06652B103 32 4000 SH SOLE 4000 0 0
BAUSCH & LOMB INC COMMON 071707103 10514 159450 SH SOLE 159450 0 0
BEARD CO NEW COM NEW 07384R309 143 57133 SH SOLE 57133 0 0
BELL ATLANTIC CORP COMMON 077853109 21 306 SH SOLE 306 0 0
BELLSOUTH CORP COMMON 079860102 27 600 SH SOLE 600 0 0
BELO A H CORP DEL COM SER A 080555105 67 3500 SH SOLE 3500 0 0
BERGEN BRUNSWIG CORP CL A 083739102 52 5000 SH SOLE 5000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 275 5 SH SOLE 5 0 0
BERKSHIRE HATHAWAY INC D CL B 084670207 89 48 SH SOLE 48 0 0
BIOCRYST PHARMACEUTICALS COMMON 09058V103 73 3000 SH SOLE 3000 0 0
BLUEGREEN CORP COMMON 096231105 2908 612256 SH SOLE 612256 0 0
BLUEGREEN CORP SDCV 8.250 5/1 096231AA3 638 729000 PRN SOLE 729000 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
BLUEGREEN CORP SDCV 8.000 09/1 09699XR14 200 200000 PRN SOLE 200000 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 304 4500 SH SOLE 4500 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 551 20400 SH SOLE 20400 0 0
CBS CORP COMMON 12490K107 12636 273200 SH SOLE 273200 0 0
CDNOW N2K INC COMMON 125086108 336 27000 SH SOLE 27000 0 0
CIT GROUP INC CL A 125577106 5019 244100 SH SOLE 244100 0 0
CK WITCO CORP COMMON 12562C108 37 2500 SH SOLE 2500 0 0
CABLEVISION SYS CORP CL A 12686C109 364 5000 SH SOLE 5000 0 0
CAMDEN PPTY TR PFD A CV $2.25 133131201 338 14000 SH SOLE 14000 0 0
CAMPBELL SOUP CO COMMON 134429109 55 1400 SH SOLE 1400 0 0
CARDINAL HEALTH INC COMMON 14149Y108 842 15450 SH SOLE 15450 0 0
CAREMATRIX CORP COMMON 141706101 3 500 SH SOLE 500 0 0
ESCROW CERAMICUS INC COMMON 156903999 0 1000 SH SOLE 1000 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 314 4160 SH SOLE 4160 0 0
CHASE PFD CAPITAL CORP PFD SER A 161637202 50 2000 SOLE 2000 0 0
CHROMAVISION MED SYS INC COMMON 17111P104 15 1200 SH SOLE 1200 0 0
CISCO SYS INC COMMON 17275R102 1646 24000 SH SOLE 24000 0 0
CITIGROUP INC COMMON 172967101 10348 235188 SH SOLE 235188 0 0
CITY NATL CORP COMMON 178566105 655 19518 SH SOLE 19518 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
COCA COLA CO COMMON 191216100 409 8473 SH SOLE 8473 0 0
COLGATE PALMOLIVE CO COMMON 194162103 55 1200 SH SOLE 1200 0 0
COLLEGE TELEVISION NETWO COMMON 194506101 72 12000 SH SOLE 12000 0 0
COMPAQ COMPUTER CORP COMMON 204493100 343 15000 SH SOLE 15000 0 0
CONSOLIDATED EDISON INC COMMON 209115104 21 500 SH SOLE 500 0 0
COX COMMUNICATIONS INC N CL A 224044107 314 7514 SH SOLE 7514 0 0
CULLEN FROST BANKERS INC COMMON 229899109 690 27600 SH SOLE 27600 0 0
DATA BROADCASTING CORP COMMON 237596101 26 3500 SH SOLE 3500 0 0
DELL COMPUTER CORP COMMON 247025109 197 4700 SH SOLE 4700 0 0
DEXTER CORP COMMON 252165105 15 400 SH SOLE 400 0 0
DIAMOND TECHNOLOGY PARTN CL A 252762109 27 600 SH SOLE 600 0 0
DIGITAL GENERATION SYS I COMMON 253921100 177 52300 SH SOLE 52300 0 0
DISNEY WALT COMPANY COMMON 254687106 4499 173028 SH SOLE 173028 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 327 5400 SH SOLE 5400 0 0
EASTMAN KODAK CO COMMON 277461109 4072 53850 SH SOLE 53850 0 0
EDISON INTL COMMON 281020107 73 3000 SH SOLE 3000 0 0
ELECTRONIC DATA SYS NEW COMMON 285661104 8152 154000 SH SOLE 154000 0 0
EMERSON ELEC CO COMMON 291011104 44 700 SH SOLE 700 0 0
EQUITY RESIDENTIAL PPTYS PFD G DEP 1/10 29476L859 21 1000 SOLE 1000 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
EXCEL LEGACY CORP COMMON 300665106 265 63351 SH SOLE 63351 0 0
EXXON CORP COMMON 302290101 147 1940 SH SOLE 1940 0 0
FEDERAL MOGUL CORP COMMON 313549107 276 10000 SH SOLE 10000 0 0
FEDERAL NATL MTG ASSN COMMON 313586109 100 1600 SH SOLE 1600 0 0
FINANCIAL FED CORP COMMON 317492106 1625 86662 SH SOLE 86662 0 0
FIRST AMER CORP TENN COMMON 318900107 87 2000 SH SOLE 2000 0 0
FIRST CONSULTING GROUP I COMMON 31986R103 4 385 SH SOLE 385 0 0
FIRST DATA CORP COMMON 319963104 70 1600 SH SOLE 1600 0 0
FLEMING COS INC COMMON 339130106 883 90000 SH SOLE 90000 0 0
FLORIDA PROGRESS CORP COMMON 341109106 8 175 SH SOLE 175 0 0
FORD MTR CO DEL COMMON 345370100 241 4800 SH SOLE 4800 0 0
FOX ENTMT GROUP INC CL A 35138T107 316 15000 SH SOLE 15000 0 0
FRESENIUS MEDICAL CARE H PFD D SPL DIVD 358030203 0 150 SOLE 150 0 0
GENERAL ELEC CO COMMON 369604103 537 4527 SH SOLE 4527 0 0
GENERAL GROWTH PPTYS INC COMMON 370021107 6 200 SH SOLE 200 0 0
GENERAL MTRS CORP COMMON 370442105 5935 94300 SH SOLE 94300 0 0
GILLETTE CO COMMON 375766102 88 2606 SH SOLE 2606 0 0
GLOBAL PMT TECHNOLOGIES COMMON 37936S109 17 2000 SH SOLE 2000 0 0
GRANITE BROADCASTING COR COMMON 387241102 923 83000 SH SOLE 83000 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
GREAT LAKES CHEM CORP COMMON 390568103 1058 27800 SH SOLE 27800 0 0
HADSON CORP NEW CV PFD $0. 40501V200 0 8 SH SOLE 8 0 0
HARCOURT GEN INC COMMON 41163G101 158 3800 SH SOLE 3800 0 0
HEARST-ARGYLE TELEVISION COMMON 422317107 430 20000 SH SOLE 20000 0 0
HEINZ H J CO COMMON 423074103 258 6000 SH SOLE 6000 0 0
HIBERNIA CORP CL A 428656102 58 5000 SH SOLE 5000 0 0
HITACHI LIMITED DEPOSITORY RECEI 433578507 153 1400 SH SOLE 1400 0 0
HOME DEPOT INC COMMON 437076102 69 1000 SH SOLE 1000 0 0
HOUSEHOLD INTL INC COMMON 441815107 482 12000 SH SOLE 12000 0 0
IGENE BIOTECHNOLOGY INC COMMON 451695100 0 414 SH SOLE 414 0 0
IMCLONE SYSTEMS INC COMMON 45245W109 712 21400 SH SOLE 21400 0 0
INCO LTD COMMON 453258402 534 25000 SH SOLE 25000 0 0
INFINITY BROADCASTING CP CL A 45662S102 15 500 SH SOLE 500 0 0
INSITE VISION INC COMMON 457660108 12 5500 SH SOLE 5500 0 0
INTEL CORP COMMON 458140100 3304 44466 SH SOLE 44466 0 0
INTERMAGNETICS GEN CORP COMMON 458771102 248 41358 SH SOLE 41358 0 0
INTERMAGNETICS GEN CORP SDCV 5.750 9/1 458771AB8 123 185000 PRN SOLE 185000 0 0
INTERNATIONAL BUSINESS M COMMON 459200101 1106 9140 SH SOLE 9140 0 0
IROQUOIS BANCORP INC COMMON 463347104 50 2900 SH SOLE 2900 0 0
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<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
JSC CHERNOGORNEFT DEPOSITORY RECEI 46625D109 11 8000 SH SOLE 8000 0 0
JOHNSON & JOHNSON COMMON 478160104 28 300 SH SOLE 300 0 0
KEYSPAN CORP COMMON 49337W100 25 880 SH SOLE 880 0 0
KIMBERLY CLARK CORP COMMON 494368103 469 8900 SH SOLE 8900 0 0
KINDER MORGAN ENERGY PAR UT LTD PARTNER 494550106 1603 37000 SH SOLE 37000 0 0
KROGER CO COMMON 501044101 170 7700 SH SOLE 7700 0 0
LATIN COMMUNICATIONS GRP COMMON 518999X36 2514 251441 SH SOLE 251441 0 0
LILLY ELI & CO COMMON 532457108 64 1000 SH SOLE 1000 0 0
LOEWS CORP COMMON 540424108 35 500 SH SOLE 500 0 0
LOMAS FINL CORP NEW COMMON 541535100 0 135 SH SOLE 135 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 405 6248 SH SOLE 6248 0 0
LYCOS INC COMMON 550818108 321 6400 SH SOLE 6400 0 0
MCI WORLDCOM INC COMMON 55268B106 553 7700 SH SOLE 7700 0 0
MACK CALI RLTY CORP COMMON 554489104 64 2400 SH SOLE 2400 0 0
MAGELLAN PETE CORP COMMON 559091301 0 100 SH SOLE 100 0 0
MALLON RES CORP COM NEW 561240201 43 5000 SH SOLE 5000 0 0
MANUFACTURED HOME CMNTYS COMMON 564682102 676 28900 SH SOLE 28900 0 0
MATTEL INC COMMON 577081102 288 15150 SH SOLE 15150 0 0
MAY DEPT STORES CO COMMON 577778103 36 1000 SH SOLE 1000 0 0
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<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
MCDONALDS CORP COMMON 580135101 1068 24700 SH SOLE 24700 0 0
MEDIAONE GROUP INC COMMON 58440J104 150 2200 SH SOLE 2200 0 0
MEDICAL MANAGER CORP NEW COMMON 58461U103 373 7500 SH SOLE 7500 0 0
MERCK & CO INC COMMON 589331107 13 200 SH SOLE 200 0 0
METRO GOLDWYN MAYER INC COMMON 591610100 1287 73550 SH SOLE 73550 0 0
MICROSOFT CORP COMMON 594918104 2333 25764 SH SOLE 25764 0 0
MILLS CORP COMMON 601148109 176 9900 SH SOLE 9900 0 0
MIRAGE RESORTS INC COMMON 60462E104 140 10000 SH SOLE 10000 0 0
MOBIL CORP COMMON 607059102 26 260 SH SOLE 260 0 0
MORGAN J P & CO INC COMMON 616880100 2102 18400 SH SOLE 18400 0 0
MOTOROLA INC COMMON 620076109 1223 13900 SH SOLE 13900 0 0
NCR CORP NEW COMMON 62886E108 1 31 SH SOLE 31 0 0
NATIONAL GOLF PPTYS INC COMMON 63623G109 113 5000 SH SOLE 5000 0 0
NEW PLAN EXCEL RLTY TR I COMMON 648053106 9 480 SH SOLE 480 0 0
NEWMONT MINING CORP COMMON 651639106 13 499 SH SOLE 499 0 0
NORTHERN BORDER PARTNERS UNIT LTD PARTN 664785102 548 18900 SH SOLE 18900 0 0
NOVELL INC COMMON 670006105 232 11200 SH SOLE 11200 0 0
OAO TECHNOLOGY SOLUTIONS COMMON 67082B105 4 1200 SH SOLE 1200 0 0
OGDEN CORP COMMON 676346109 1007 97100 SH SOLE 97100 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
ORACLE CORP COMMON 68389X105 54 1180 SH SOLE 1180 0 0
PG&E CORP COMMON 69331C108 194 7500 SH SOLE 7500 0 0
P P & L RES INC COMMON 693499105 38 1400 SH SOLE 1400 0 0
PSB BANCORP INC COMMON 693604100 50 8000 SH SOLE 8000 0 0
PEOPLES HERITAGE FINL GR COMMON 711147108 11 675 SH SOLE 675 0 0
PEREGRINE SYSTEMS INC COMMON 71366Q101 1467 36000 SH SOLE 36000 0 0
PFIZER INC COMMON 717081103 118 3300 SH SOLE 3300 0 0
PLAINS ALL AMERN PIPELIN UNIT LTD PARTN 726503105 180 10000 SH SOLE 10000 0 0
PLUM CREEK TIMBER CO INC COMMON 729251108 1506 48000 SH SOLE 48000 0 0
PRE PAID LEGAL SVCS INC COMMON 740065107 4 100 SH SOLE 100 0 0
PRICESMART INC COMMON 741511109 55 1500 SH SOLE 1500 0 0
PROCTER & GAMBLE CO COMMON 742718109 232 2474 SH SOLE 2474 0 0
PROVIDENCE & WORCESTER R COMMON 743737108 11 1000 SH SOLE 1000 0 0
QUALCOMM INC COMMON 747525103 454 2400 SH SOLE 2400 0 0
UNTS QUALIS CARE LP COMMON 747999R10 0 42 SH SOLE 42 0 0
QUESTAR CORP COMMON 748356102 622 34300 SH SOLE 34300 0 0
QWEST COMMUNICATIONS INT COMMON 749121109 296 10000 SH SOLE 10000 0 0
RAYTHEON CO CL A 755111309 199 4100 SH SOLE 4100 0 0
RELIANCE GROUP HOLDINGS COMMON 759464100 11 2500 SH SOLE 2500 0 0
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<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
REYNOLDS METALS CO COMMON 761763101 211 3500 SH SOLE 3500 0 0
RHYTHMS NETCONNECTIONS I COMMON 762430205 155 4500 SH SOLE 4500 0 0
RITE AID CORP COMMON 767754104 7 500 SH SOLE 500 0 0
ROGERS COMMUNICATIONS IN CL B 775109200 504 30000 SH SOLE 30000 0 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 204 3459 SH SOLE 3459 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 46 892 SH SOLE 892 0 0
SI DIAMOND TECHNOLOGY IN COMMON 784249104 47 25000 SH SOLE 25000 0 0
SLM HLDG CORP COMMON 78442A109 516 12000 SH SOLE 12000 0 0
SANCHEZ COMPUTER ASSOCS COMMON 799702105 42 1200 SH SOLE 1200 0 0
SARA LEE CORP COMMON 803111103 94 4000 SH SOLE 4000 0 0
SCHERING PLOUGH CORP COMMON 806605101 122 2800 SH SOLE 2800 0 0
SHELL TRANS & TRADING PL DEPOSITORY RECEI 822703609 0 3 SH SOLE 3 0 0
SODEXHO MARRIOTT SVCS IN COMMON 833793102 4 250 SH SOLE 250 0 0
SPRINT CORP COM FON GROUP 852061100 76 1400 SH SOLE 1400 0 0
STUDENT LN CORP COMMON 863902102 1863 45500 SH SOLE 45500 0 0
SUBURBAN PROPANE PARTNER UNIT LTD PARTN 864482104 204 10000 SH SOLE 10000 0 0
SUMMIT BANCORP COMMON 866005101 1239 38200 SH SOLE 38200 0 0
SUN BANCORP INC COMMON 86663B102 25 1575 SH SOLE 1575 0 0
SUN MICROSYSTEMS INC COMMON 866810104 549 5900 SH SOLE 5900 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
TEPPCO PARTNERS L P UT LTD PARTNER 872384102 800 40000 SH SOLE 40000 0 0
THQ INC COM NEW 872443403 345 8000 SH SOLE 8000 0 0
TELEPHONE & DATA SYS INC COMMON 879433100 666 7500 SH SOLE 7500 0 0
TEXACO INC COMMON 881694103 271 4300 SH SOLE 4300 0 0
TEXAS INSTRS INC COMMON 882508104 181 2200 SH SOLE 2200 0 0
TIME WARNER INC COMMON 887315109 8192 134850 SH SOLE 134850 0 0
TIME WARNER TELECOM INC CL A 887319101 319 15300 SH SOLE 15300 0 0
TOKIO MARINE & FIRE INS DEPOSITORY RECEI 889090403 29 500 SH SOLE 500 0 0
TORO CO COMMON 891092108 17 450 SH SOLE 450 0 0
TOYS R US INC COMMON 892335100 878 58500 SH SOLE 58500 0 0
TRIANGLE PHARMACEUTICALS COMMON 89589H104 77 4000 SH SOLE 4000 0 0
TYCO INTL LTD NEW COMMON 902124106 535 5180 SH SOLE 5180 0 0
USA NETWORKS INC COMMON 902984103 11975 309040 SH SOLE 309040 0 0
ULTRALIFE BATTERIES INC COMMON 903899102 702 175500 SH SOLE 175500 0 0
UNISYS CORP COMMON 909214108 117 2600 SH SOLE 2600 0 0
UNIVERSAL AMERN FINL COR COMMON 913377107 761 199650 SH SOLE 199650 0 0
UNUMPROVIDENT CORP COMMON 91529Y106 19 657 SH SOLE 657 0 0
USDATA CORP COMMON 917294100 3 750 SH SOLE 750 0 0
UTILICORP UTD INC COMMON 918005109 120 5675 SH SOLE 5675 0 0
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<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
VERIO INC COMMON 923433106 62 2000 SH SOLE 2000 0 0
VIACOM INC CL B 925524308 0 6 SH SOLE 6 0 0
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 178 750 SH SOLE 750 0 0
VORNADO RLTY TR SH BEN INT 929042109 527 16200 SH SOLE 16200 0 0
VORNADO RLTY TR PFD CONV SER A 929042208 12 250 SH SOLE 250 0 0
WARNER LAMBERT CO COMMON 934488107 558 8400 SH SOLE 8400 0 0
WASHINGTON MUT INC COMMON 939322103 921 31500 SH SOLE 31500 0 0
WHITMAN CORP NEW COMMON 96647R107 5778 405500 SH SOLE 405500 0 0
WOMEN FIRST HEALTHCARE COMMON 978150100 1 100 SH SOLE 100 0 0
XCEED INC COMMON 98388N105 54 2500 SH SOLE 2500 0 0
XTRA CORP COMMON 984138107 199 5000 SH SOLE 5000 0 0
YAHOO INC COMMON 984332106 54 300 SH SOLE 300 0 0
AMDOCS LTD ORD G02602103 13 600 SH SOLE 600 0 0
GLOBALSTAR TELECOMMUNICT COMMON G3930H104 221 9600 SH SOLE 9600 0 0
LORAL SPACE & COMMUNICAT COMMON G56462107 6421 373600 SH SOLE 373600 0 0
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COLUMN TOTALS 14997 856306 835306
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REPORT TOTALS 211270 8021035 8021035
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