............................
. OMB APPROVAL .
............................
.OMB Number: 3235-0006.
.Expires: October 31, 2000.
.Estimated average .
. burden hours per .
. response:...........24.7.
............................
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
Check here if Amendment [ ]; Amendment Number:
------------
This Amendment (Check only one.):
[ ]is a restatement.
[ ]adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Para Advisors, Inc.(a)
Address: 505 Park Avenue
New York, NY 10022
Form 13F File Number: 28-7296
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Mr. Ned Sadaka
Title: President
Phone: 212-355-6688
Signature, Place, and Date of Signing:
/S/ Ned Sadaka
------------------
[Signature]
New York, New York
------------------
[City, State]
August 14 , 2000
------------------
[Date]
(a) Mr. Ned Sadaka is a shareholder of Para Advisors, Inc. ("Para Advisors") and
also serves as a managing member of the general partner of certain accounts over
which Para Advisors has investment discretion.
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by
other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
0
Form 13F Information Table Entry Total:
66
Form 13F Information Table Value Total:
$ 530,932 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with
respect to which this report is filed, other than the manager
filing this report.
NONE
<PAGE>
FORM 13F
Para Advisors Inc
June 30, 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Voting Authority
------------------
Title Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------- --------- -------- -------- ------- --- ---- ------- ------- ------- ------ ----
3 COM CORP COM 885535104 6,322 109,718 SH Sole 109,718
ADC TELECOMMUNICATIONS COM 000886101 19,871 236,911 SH Sole 236,911
AMERICA ONLINE INC COM 02364J104 1,223 23,178 SH Sole 23,178
AMR CORP DEL COM 001765106 3,684 139,350 SH Sole 139,350
AT&T CORP/LIBERTY MEDIA GRP A COM 87924v507 5,384 222,015 SH Sole 222,015
BEAR STEARNS COS INC COM 073902108 7,443 178,819 SH Sole 178,819
BESTFOODS INC COM 08658U101 24,405 352,420 SH Sole 352,420
BOISE CASCADE CORP COM 097383103 4,157 160,658 SH Sole 160,658
BURR BROWN CORP COM 122574106 10,615 122,448 SH Sole 122,448
C-CUBE MICROSYSTEMS COM 125015107 2,631 134,085 SH Sole 134,085
CENTRAL NEWSPAPERS INC COM 154647101 4,407 69,675 SH Sole 69,675
CHASE MANHATTAN CORP NEW COM 16161A108 2,140 46,450 SH Sole 46,450
COLUMBIA ENERGY GRP COM 197648108 7,540 114,889 SH Sole 114,889
COMMSCOPE INC COM 203372107 3,123 76,178 SH Sole 76,178
CONSOLIDATED PAPERS INC COM 209759109 6,100 166,830 SH Sole 166,830
DIME BANCORP INC COM 25429Q102 3,470 220,299 SH Sole 220,299
ECHOSTAR COMMUNICATIONS CORP COM 278762109 2,768 83,610 SH Sole 83,610
GENERAL MOTORS CORP COM 370442105 7,623 131,285 SH Sole 131,285
GENERAL MOTORS CORP CL H CLH 370442832 3,261 37,160 SH Sole 37,160
GLOBAL LIGHT TELECOM. COM 362284101 3,970 362,977 SH Sole 362,977
INTERMEDIA COMMUNICATIONS INC COM 458801107 1,667 56,040 SH Sole 56,040
INTERNATIONAL PAPER CO COM 460146103 772 25,900 SH Sole 25,900
JEFFRIES & CO COM 472318104 5,549 274,893 SH Sole 274,893
JOHNS MANVILLE CORP COM 478129109 919 69,675 SH Sole 69,675
KANSAS CITY SOUTHERN COM 485170104 4,514 50,895 SH Sole 50,895
LYCOS INC COM 550818108 6,261 115,940 SH Sole 115,940
MALLINCKRODT INC COM 561232109 2,018 46,450 SH Sole 46,450
MARK IV INDS INC COM COM 570387100 3,245 155,469 SH Sole 155,469
MAYTAG CORP COM 578592107 1,884 51,095 SH Sole 51,095
MEDIAONE GROUP INC COM 58440J104 46,359 699,122 SH Sole 699,122
NABISCO HOLDINGS CORP COM 629526104 13,222 251,849 SH Sole 251,849
NEWS CORP LTD COM 652487703 2,894 60,930 SH Sole 60,930
ONLINE GAMING SYSTEM LTD COM 68273A104 29 54,498 SH Sole 54,498
RELIASTAR FINANCIAL CORP COM 75952U103 13,736 261,943 SH Sole 261,943
SBC COMMUNICATIONS INC COM 78387G103 4,818 111,397 SH Sole 111,397
SEAGATE TECHNOLOGY COM 811804103 46,908 852,871 SH Sole 852,871
SEAGRAM CO LTD COM 811850106 15,915 274,403 SH Sole 274,403
STARWOOD HOTELS &RESORTS COM 855905204 4,893 151,422 SH Sole 151,422
TCI SATTELITE COM 872298104 1,909 219,780 SH Sole 219,780
TELECOM ITALIA SPA-RNC SPONS. ADR 87927W106 2,474 371,315 SH Sole 371,315
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TELECOMMUNICACOES SPONS. ADR 87929A102 6,346 228,155 SH Sole 228,155
TELEFONICA DE ARGEN SPONS. ADR 879378206 5,135 144,284 SH Sole 144,284
TEXACO INC COM 881694103 6,015 112,960 SH Sole 112,960
TEXAS INSTRUMENTS INC COM 882508104 5,105 74,320 SH Sole 74,320
UAL CORP COM 902549500 3,820 65,655 SH Sole 65,655
UNION CARBIDE CORP COM COM 905581104 2,074 41,901 SH Sole 41,901
US WEST INC COM 91273H101 23,533 274,434 SH Sole 274,434
VERIO INC COM 923433106 10,665 192,211 SH Sole 192,211
WORKFLOW MANAGEMENT INC COM 98137N109 2,617 220,376 SH Sole 220,376
YOUNG & RUBICAM INC COM 987425105 10,187 178,139 SH Sole 178,139
ALCATEL ALSTHOM ADR COM 013904305 21,233 319,293 SH Sole 319,293
AMERICAN TEL & TEL COM 001957109 12,544 396,654 SH Sole 396,654
BP AMOCO PLC SPONS. ADR 055622104 6,505 114,999 SH Sole 114,999
EMC CORP COM 268648102 7,147 92,898 SH Sole 92,898
GLOBAL CROSSINGS LTD COM G3921A100 5,211 198,036 SH Sole 198,036
LUCENT TECHNOLOGIES INC COM 549463107 9,530 160,841 SH Sole 160,841
MOTOROLA INC COM 620076109 3,909 134,487 SH Sole 134,487
PFIZER INC COM 717081103 13,505 281,352 SH Sole 281,352
TYCO INTERNATIONAL COM 902124106 20,730 437,568 SH Sole 437,568
VODAFONE AIRTOUCH PLC ADR SPONS. ADR 92857T107 38,091 919,240 SH Sole 919,240
VOICESTREAM WIRELESS CORP COM 928615103 4,769 41,007 SH Sole 41,007
NA JUL 50 CALL CALL 629526904 352 1,374 SH CALL Sole 1,374
PALM AUG 40 PUT PUT 696642957 334 330 SH PUT Sole 330
PALM AUG 45 PUT PUT 696642957 208 142 SH PUT Sole 142
PALM AUG 50 PUT PUT 696642957 704 383 SH PUT Sole 383
TWX JAN 01 75 PUT PUT 8E999T093 540 554 SH PUT Sole 554
REPORT SUMMARY DATA RECORDS 530,932
</TABLE>
