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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 JUNE 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 5th day of
August, 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>
AT&T CORP COMMON 001957109 10270 184000 SH SOLE 184000 0 0
AT&T CORP COM LIB GRP A 001957208 6545 178100 SH SOLE 178100 0 0
AETNA INC CV PFD CL C 6.25 008117202 520 7000 SH SOLE 7000 0 0
ALBERTSONS INC COMMON 013104104 10 200 SH SOLE 200 0 0
ALZA CORP DEL COMMON 022615108 9516 187050 SH SOLE 187050 0 0
AMAZON COM INC COMMON 023135106 25 200 SH SOLE 200 0 0
AMERICA ONLINE INC DEL COMMON 02364J104 1607 14610 SH SOLE 14610 0 0
AMERICAN EXPRESS CO COMMON 025816109 7289 56012 SH SOLE 56012 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 657 11450 SH SOLE 11450 0 0
AMERICAN INTERACTIVE MED COMMON 02686W106 3 3500 SH SOLE 3500 0 0
AMERICAN INTL GROUP INC COMMON 026874107 69 585 SH SOLE 585 0 0
TS AMES DEPT STORES LITIGATION TRUST 030789705 0 19829 SH SOLE 19829 0 0
AMGEN INC COMMON 031162100 2009 33000 SH SOLE 33000 0 0
ANHEUSER BUSCH COS INC COMMON 035229103 21 300 SH SOLE 300 0 0
AON CORP COMMON 037389103 12 300 SH SOLE 300 0 0
ARMOR HOLDINGS INC COMMON 042260109 538 51500 SH SOLE 51500 0 0
ASSOCIATED GROUP INC CL A 045651106 6005 92200 SH SOLE 92200 0 0
ASSOCIATED GROUP INC CL B 045651205 3370 51700 SH SOLE 51700 0 0
AT HOME CORP COM SER A 045919107 38 700 SH SOLE 700 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>
ASSOCIATES FIRST CAP COR CL A 046008108 356 8064 SH SOLE 8064 0 0
ASTRAZENECA PLC DEPOSITORY RECEI 046353108 98 2500 SH SOLE 2500 0 0
ATLANTIC RICHFIELD CO COMMON 048825103 209 2500 SH SOLE 2500 0 0
AUTOMATIC DATA PROCESSIN COMMON 053015103 0 2 SH SOLE 2 0 0
AVERY DENNISON CORP COMMON 053611109 12 200 SH SOLE 200 0 0
BT PFD CAP TR I PFD SEC SER 1 055839203 38 1500 SOLE 1500 0 0
BANK OF AMERICA CORP COMMON 060505104 87 1182 SH SOLE 1182 0 0
BANK ONE CORP COMMON 06423A103 637 10700 SH SOLE 10700 0 0
BANK UTD CORP CL A 065412108 40 1000 SH SOLE 1000 0 0
BANKUNITED FINL CORP CL A 06652B103 48 5000 SH SOLE 5000 0 0
BAUSCH & LOMB INC COMMON 071707103 12133 158600 SH SOLE 158600 0 0
BEARD CO NEW COM NEW 07384R309 249 67533 SH SOLE 67533 0 0
BELL ATLANTIC CORP COMMON 077853109 20 306 SH SOLE 306 0 0
BELLSOUTH CORP COMMON 079860102 28 600 SH SOLE 600 0 0
BELO A H CORP DEL COM SER A 080555105 69 3500 SH SOLE 3500 0 0
BERGEN BRUNSWIG CORP CL A 083739102 52 3000 SH SOLE 3000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 345 5 SH SOLE 5 0 0
BETHLEHEM STL CORP COMMON 087509105 3 400 SH SOLE 400 0 0
BLUEGREEN CORP COMMON 096231105 3332 612756 SH SOLE 612756 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 8.250 5/1 096231AA3 683 729000 PRN SOLE 729000 0 0
BLUEGREEN CORP SDCV 8.000 09/1 09699XR14 200 200000 PRN SOLE 200000 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 218 3100 SH SOLE 3100 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 561 20400 SH SOLE 20400 0 0
CBS CORP COMMON 12490K107 11322 259900 SH SOLE 259900 0 0
CIGNA CORP COMMON 125509109 13 150 SH SOLE 150 0 0
CIT GROUP INC CL A 125577106 5605 194100 SH SOLE 194100 0 0
CNF TRANSN INC COMMON 12612W104 173 4500 SH SOLE 4500 0 0
CABLEVISION SYS CORP CL A 12686C109 525 7500 SH SOLE 7500 0 0
CAMDEN PPTY TR PFD A CV $2.25 133131201 351 14000 SH SOLE 14000 0 0
CAMPBELL SOUP CO COMMON 134429109 65 1400 SH SOLE 1400 0 0
CARDINAL HEALTH INC COMMON 14149Y108 991 15450 SH SOLE 15450 0 0
CAREMATRIX CORP COMMON 141706101 6 500 SH SOLE 500 0 0
ESCROW CERAMICUS INC COMMON 156903999 0 1000 SH SOLE 1000 0 0
CHANCELLOR MEDIA CORP COMMON 158915108 353 6400 SH SOLE 6400 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 360 4160 SH SOLE 4160 0 0
CHASE PFD CAPITAL CORP PFD SER A 161637202 51 2000 SOLE 2000 0 0
CHEVRON CORPORATION COMMON 166751107 5 50 SH SOLE 50 0 0
CHROMAVISION MED SYS INC COMMON 17111P104 12 1200 SH SOLE 1200 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>
CHUBB CORP COMMON 171232101 70 1000 SH SOLE 1000 0 0
CISCO SYS INC COMMON 17275R102 1199 18600 SH SOLE 18600 0 0
CITIGROUP INC COMMON 172967101 10851 228438 SH SOLE 228438 0 0
CITY NATL CORP COMMON 178566105 731 19518 SH SOLE 19518 0 0
COCA COLA CO COMMON 191216100 525 8473 SH SOLE 8473 0 0
COLGATE PALMOLIVE CO COMMON 194162103 59 600 SH SOLE 600 0 0
COLLEGE TELEVISION NETWO COMMON 194506101 85 12000 SH SOLE 12000 0 0
COMPAQ COMPUTER CORP COMMON 204493100 277 11700 SH SOLE 11700 0 0
CONSOLIDATED EDISON INC COMMON 209115104 23 500 SH SOLE 500 0 0
COX COMMUNICATIONS INC N CL A 224044107 133 3614 SH SOLE 3614 0 0
CROMPTON & KNOWLES CORP COMMON 227111101 49 2500 SH SOLE 2500 0 0
CULLEN FROST BANKERS INC COMMON 229899109 761 27600 SH SOLE 27600 0 0
DANA CORP COMMON 235811106 26 575 SH SOLE 575 0 0
DATA BROADCASTING CORP COMMON 237596101 37 3500 SH SOLE 3500 0 0
DELL COMPUTER CORP COMMON 247025109 81 2200 SH SOLE 2200 0 0
DEXTER CORP COMMON 252165105 16 400 SH SOLE 400 0 0
DIAMOND TECHNOLOGY PARTN CL A 252762109 13 600 SH SOLE 600 0 0
DIGITAL GENERATION SYS I COMMON 253921100 190 39000 SH SOLE 39000 0 0
DISNEY WALT COMPANY COMMON 254687106 5113 165928 SH SOLE 165928 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>
DU PONT E I DE NEMOURS & COMMON 263534109 403 5900 SH SOLE 5900 0 0
EASTMAN KODAK CO COMMON 277461109 3716 54850 SH SOLE 54850 0 0
EDISON INTL COMMON 281020107 80 3000 SH SOLE 3000 0 0
ELECTRONIC DATA SYSTEM COMMON 285661104 8109 143200 SH SOLE 143200 0 0
EMERSON ELEC CO COMMON 291011104 11 175 SH SOLE 175 0 0
EQUITY RESIDENTIAL PPTYS PFD G DEP 1/10 29476L859 24 1000 SOLE 1000 0 0
EXCEL LEGACY CORP COMMON 300665106 321 67667 SH SOLE 67667 0 0
EXXON CORP COMMON 302290101 150 1940 SH SOLE 1940 0 0
FEDERAL MOGUL CORP COMMON 313549107 520 10000 SH SOLE 10000 0 0
FEDERAL NATL MTG ASSN COMMON 313586109 109 1600 SH SOLE 1600 0 0
FEDERATED DEPT STORES COMMON 31410H101 29 550 SH SOLE 550 0 0
FINANCIAL FED CORP COMMON 317492106 1863 84662 SH SOLE 84662 0 0
FIRST AMER CORP TENN COMMON 318900107 83 2000 SH SOLE 2000 0 0
FIRST CONSULTING GROUP I COMMON 31986R103 4 385 SH SOLE 385 0 0
FIRST DATA CORP COMMON 319963104 108 2200 SH SOLE 2200 0 0
FLEMING COS INC COMMON 339130106 1046 90000 SH SOLE 90000 0 0
FLORIDA PROGRESS CORP COMMON 341109106 7 175 SH SOLE 175 0 0
FORD MOTOR CO DEL COMMON 345370100 175 3100 SH SOLE 3100 0 0
FOX ENTMT GROUP INC CL A 35138T107 20 750 SH SOLE 750 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>
FRESENIUS MED CARE AG DEPOSITORY RECEI 358029106 0 6 SH SOLE 6 0 0
FRESENIUS MEDICAL CARE H PFD D SPL DIVD 358030203 0 150 SOLE 150 0 0
GENERAL ELEC CO COMMON 369604103 512 4527 SH SOLE 4527 0 0
GENERAL GROWTH PPTYS INC COMMON 370021107 7 200 SH SOLE 200 0 0
GENERAL INSTR CORP DEL COMMON 370120107 85 2000 SH SOLE 2000 0 0
GENERAL MTRS CORP COMMON 370442105 6435 97500 SH SOLE 97500 0 0
GILLETTE CO COMMON 375766102 107 2606 SH SOLE 2606 0 0
GLOBAL PMT TECHNOLOGIES COMMON 37936S109 16 2000 SH SOLE 2000 0 0
GRANITE BROADCASTING COR COMMON 387241102 691 88500 SH SOLE 88500 0 0
GREAT LAKES CHEM CORP COMMON 390568103 949 20600 SH SOLE 20600 0 0
HADSON CORP NEW CV PFD $0. 40501V200 0 8 SH SOLE 8 0 0
HARCOURT GEN INC COMMON 41163G101 10 200 SH SOLE 200 0 0
HEARST-ARGYLE TELEVISION COMMON 422317107 180 7500 SH SOLE 7500 0 0
HEINZ H J CO COMMON 423074103 19 375 SH SOLE 375 0 0
HEWLETT PACKARD CO COMMON 428236103 50 500 SH SOLE 500 0 0
HIBERNIA CORP CL A 428656102 78 5000 SH SOLE 5000 0 0
HITACHI LIMITED DEPOSITORY RECEI 433578507 132 1400 SH SOLE 1400 0 0
HOME DEPOT INC COMMON 437076102 64 1000 SH SOLE 1000 0 0
HOUSEHOLD INTL INC COMMON 441815107 569 12000 SH SOLE 12000 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>
IBIS TECHNOLOGY CORP COMMON 450909106 335 10000 SH SOLE 10000 0 0
IGENE BIOTECHNOLOGY INC COMMON 451695100 0 414 SH SOLE 414 0 0
IMCLONE SYSTEMS INC COMMON 45245W109 543 21400 SH SOLE 21400 0 0
INFINITY BROADCASTING CP CL A 45662S102 74 2500 SH SOLE 2500 0 0
INSITE VISION INC COMMON 457660108 11 5500 SH SOLE 5500 0 0
INTEL CORP COMMON 458140100 2437 40966 SH SOLE 40966 0 0
INTERMAGNETICS GEN CORP COMMON 458771102 321 41358 SH SOLE 41358 0 0
INTERNATIONAL BUS MACH COMMON 459200101 1181 9140 SH SOLE 9140 0 0
IROQUOIS BANCORP INC COMMON 463347104 54 2900 SH SOLE 2900 0 0
JSC CHERNOGORNEFT DEPOSITORY RECEI 46625D109 18 8000 SH SOLE 8000 0 0
JOHNSON & JOHNSON COMMON 478160104 29 300 SH SOLE 300 0 0
KEYSPAN CORP COMMON 49337W100 23 880 SH SOLE 880 0 0
KIMBERLY CLARK CORP COMMON 494368103 507 8900 SH SOLE 8900 0 0
KINDER MORGAN ENERGY PAR UT LTD PARTNER 494550106 1084 29300 SH SOLE 29300 0 0
KNIGHT RIDDER INC COMMON 499040103 6 100 SH SOLE 100 0 0
KROGER CO COMMON 501044101 11 400 SH SOLE 400 0 0
LATIN COMMUNICATIONS GRP COMMON 518999X36 2514 251441 SH SOLE 251441 0 0
LILLY ELI & CO COMMON 532457108 36 500 SH SOLE 500 0 0
LOEWS CORP COMMON 540424108 40 500 SH SOLE 500 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>
LOMAS FINL CORP NEW COMMON 541535100 0 135 SH SOLE 135 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 138 2048 SH SOLE 2048 0 0
LYCOS INC COMMON 550818108 285 3100 SH SOLE 3100 0 0
MBIA INC COMMON 55262C100 10 150 SH SOLE 150 0 0
MCI WORLDCOM INC COMMON 55268B106 323 3750 SH SOLE 3750 0 0
MACK CALI RLTY CORP COMMON 554489104 74 2400 SH SOLE 2400 0 0
MAGELLAN PETE CORP COMMON 559091301 0 100 SH SOLE 100 0 0
MALLON RES CORP COM NEW 561240201 35 5000 SH SOLE 5000 0 0
MANUFACTURED HOME CMNTYS COMMON 564682102 738 28400 SH SOLE 28400 0 0
MATTEL INC COMMON 577081102 27 1050 SH SOLE 1050 0 0
MAY DEPT STORES CO COMMON 577778103 61 1500 SH SOLE 1500 0 0
MCDONALDS CORP COMMON 580135101 1312 31900 SH SOLE 31900 0 0
MEDIAONE GROUP INC COMMON 58440J104 164 2200 SH SOLE 2200 0 0
MERCK & CO INC COMMON 589331107 15 200 SH SOLE 200 0 0
METRO-GOLDWYN-MAYER COMMON 591610100 4000 219188 SH SOLE 219188 0 0
MICROSOFT CORP COMMON 594918104 2306 25564 SH SOLE 25564 0 0
MILLS CORP COMMON 601148109 178 8200 SH SOLE 8200 0 0
MOBIL CORP COMMON 607059102 26 260 SH SOLE 260 0 0
MONSANTO CO COMMON 611662107 99 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>
MORGAN J P & CO INC COMMON 616880100 2726 19400 SH SOLE 19400 0 0
MORGAN STAN DEAN WITTR COM NEW 617446448 62 600 SH SOLE 600 0 0
MOTOROLA INC COMMON 620076109 1601 16900 SH SOLE 16900 0 0
NCR CORP NEW COMMON 62886E108 2 40 SH SOLE 40 0 0
NATIONAL GOLF PPTYS INC COMMON 63623G109 122 5000 SH SOLE 5000 0 0
NEW PLAN EXCEL RLTY TR I COMMON 648053106 53 2969 SH SOLE 2969 0 0
NEW YORK TIMES CO CL A 650111107 6 150 SH SOLE 150 0 0
NEWELL RUBBERMAID INC COMMON 651229106 29 633 SH SOLE 633 0 0
NEWMONT MINING CORP COMMON 651639106 10 499 SH SOLE 499 0 0
NEWS CORP LTD DEPOSITORY RECEI 652487802 35 1100 SH SOLE 1100 0 0
NORTHERN BORDER PARTNERS UNIT LTD PARTN 664785102 587 18900 SH SOLE 18900 0 0
NOVELL INC COMMON 670006105 231 8700 SH SOLE 8700 0 0
NUCOR CORP COMMON 670346105 5 100 SH SOLE 100 0 0
OAO TECHNOLOGY SOLUTIONS COMMON 67082B105 5 1200 SH SOLE 1200 0 0
OGDEN CORP COMMON 676346109 1242 46100 SH SOLE 46100 0 0
ORACLE CORP COMMON 68389X105 44 1180 SH SOLE 1180 0 0
PG&E CORP COMMON 69331C108 503 15500 SH SOLE 15500 0 0
P P & L RES INC COMMON 693499105 43 1400 SH SOLE 1400 0 0
PSB BANCORP INC COMMON 693604100 49 8000 SH SOLE 8000 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>
PAINE WEBBER GROUP INC COMMON 695629105 22 475 SH SOLE 475 0 0
PEOPLES HERITAGE FINL GR COMMON 711147108 13 675 SH SOLE 675 0 0
PEREGRINE SYSTEMS INC COMMON 71366Q101 925 36000 SH SOLE 36000 0 0
PFIZER INC COMMON 717081103 164 1500 SH SOLE 1500 0 0
PLAINS ALL AMERN PIPELIN UNIT LTD PARTN 726503105 186 10000 SH SOLE 10000 0 0
PLUM CREEK TIMBER CO INC COMMON 729251108 1232 39500 SH SOLE 39500 0 0
PRE PAID LEGAL SVCS INC COMMON 740065107 3 100 SH SOLE 100 0 0
PRICESMART INC COMMON 741511109 53 1500 SH SOLE 1500 0 0
PROCTER & GAMBLE CO COMMON 742718109 221 2474 SH SOLE 2474 0 0
PROVIDENCE & WORCESTER R COMMON 743737108 14 1000 SH SOLE 1000 0 0
PROVIDENT COS INC COMMON 743862104 36 900 SH SOLE 900 0 0
PROVIDIAN FINL CORP COMMON 74406A102 7 75 SH SOLE 75 0 0
QUADLOGIC CONTROLS CORP COMMON 74730R102 10 10000 SH SOLE 10000 0 0
QUALCOMM INC COMMON 747525103 29 200 SH SOLE 200 0 0
UNTS QUALIS CARE LP COMMON 747999R10 0 42 SH SOLE 42 0 0
QUESTAR CORP COMMON 748356102 579 30300 SH SOLE 30300 0 0
QWEST COMMUNICATIONS INT COMMON 749121109 231 7000 SH SOLE 7000 0 0
RCN CORP COMMON 749361101 17 400 SH SOLE 400 0 0
RAYTHEON CO CL A 755111309 28 400 SH SOLE 400 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>
RELIANCE GROUP HLDGS COMMON 759464100 595 80000 SH SOLE 80000 0 0
RHYTHMS NETCONNECTIONS I COMMON 762430205 117 2000 SH SOLE 2000 0 0
RITE AID CORP COMMON 767754104 12 500 SH SOLE 500 0 0
ROGERS COMMUNICATIONS IN CL B 775109200 405 25000 SH SOLE 25000 0 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 228 3784 SH SOLE 3784 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 52 892 SH SOLE 892 0 0
SLM HLDG CORP COMMON 78442A109 673 14680 SH SOLE 14680 0 0
SAFECO CORP COMMON 786429100 23 520 SH SOLE 520 0 0
SANCHEZ COMPUTER ASSOCS COMMON 799702105 42 1200 SH SOLE 1200 0 0
SARA LEE CORP COMMON 803111103 9 400 SH SOLE 400 0 0
SCHERING PLOUGH CORP COMMON 806605101 147 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 5 250 SH SOLE 250 0 0
SPRINT CORP COM FON GROUP 852061100 74 1400 SH SOLE 1400 0 0
STUDENT LN CORP COMMON 863902102 1998 44900 SH SOLE 44900 0 0
SUBURBAN PROPANE PARTNER UNIT LTD PARTN 864482104 195 10000 SH SOLE 10000 0 0
SUMMIT BANCORP COMMON 866005101 1179 28200 SH SOLE 28200 0 0
SUN BANCORP INC COMMON 86663B102 28 1575 SH SOLE 1575 0 0
SUN MICROSYSTEMS INC COMMON 866810104 406 5900 SH SOLE 5900 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>
SYNTHETECH INC COMMON 87162E100 2 300 SH SOLE 300 0 0
TEPPCO PARTNERS L P UT LTD PARTNER 872384102 993 40000 SH SOLE 40000 0 0
THQ INC COM NEW 872443403 273 9500 SH SOLE 9500 0 0
TEXACO INC COMMON 881694103 19 300 SH SOLE 300 0 0
TEXAS INSTRS INC COMMON 882508104 158 1100 SH SOLE 1100 0 0
TIME WARNER INC COMMON 887315109 9409 129550 SH SOLE 129550 0 0
TIME WARNER TELECOM INC CL A 887319101 58 2000 SH SOLE 2000 0 0
TOKIO MARINE & FIRE INS DEPOSITORY RECEI 889090403 28 500 SH SOLE 500 0 0
TORO CO COMMON 891092108 18 450 SH SOLE 450 0 0
TOYS R US INC COMMON 892335100 476 23000 SH SOLE 23000 0 0
TRIANGLE PHARMACEUTICALS COMMON 89589H104 72 4000 SH SOLE 4000 0 0
TYCO INTL LTD COMMON 902124106 36 380 SH SOLE 380 0 0
USA NETWORKS INC COMMON 902984103 12107 301740 SH SOLE 301740 0 0
ULTRALIFE BATTERIES INC COMMON 903899102 926 168400 SH SOLE 168400 0 0
UNISYS CORP COMMON 909214108 101 2600 SH SOLE 2600 0 0
UNIVERSAL AMERN FINL COR COMMON 913377107 853 213250 SH SOLE 213250 0 0
USDATA CORP COMMON 917294100 3 750 SH SOLE 750 0 0
UTILICORP UTD INC COMMON 918005109 9 375 SH SOLE 375 0 0
VERIO INC COMMON 923433106 70 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>
VIACOM INC CL B 925524308 0 6 SH SOLE 6 0 0
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 148 750 SH SOLE 750 0 0
VORNADO RLTY TR SH BEN INT 929042109 1035 29300 SH SOLE 29300 0 0
VORNADO RLTY TR PFD CONV SER A 929042208 13 250 SH SOLE 250 0 0
VORNADO OPERATING CO COMMON 92904N103 0 35 SH SOLE 35 0 0
WALGREEN CO COMMON 931422109 71 2400 SH SOLE 2400 0 0
WARNER LAMBERT CO COMMON 934488107 581 8400 SH SOLE 8400 0 0
WASHINGTON MUTUAL INC COMMON 939322103 1006 28300 SH SOLE 28300 0 0
WASTE MGMT INC DEL COMMON 94106L109 24 452 SH SOLE 452 0 0
WHITMAN CORP NEW COMMON 96647R107 7214 400800 SH SOLE 400800 0 0
WILLIAMS COS INC DEL COMMON 969457100 85 2000 SH SOLE 2000 0 0
XEROX CORP COMMON 984121103 12 200 SH SOLE 200 0 0
XTRA CORP COMMON 984138107 230 5000 SH SOLE 5000 0 0
YAHOO INC COMMON 984332106 52 300 SH SOLE 300 0 0
YOUNG BROADCASTING INC CL A 987434107 85 2000 SH SOLE 2000 0 0
AMDOCS LTD ORD G02602103 14 600 SH SOLE 600 0 0
GLOBALSTAR TELECOMMUNICT COMMON G3930H104 206 8900 SH SOLE 8900 0 0
LORAL SPACE & COMMUNCN COMMON G56462107 6527 362600 SH SOLE 362600 0 0
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REPORT TOTALS 213910 7540914 7540914
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</TABLE>
