UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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: Paloma Strategic Securities Ltd.
Address: Two American Lane
Greenwich, CT 06836-2571
13F File Number: 28-7282
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: Randall U. Tam
Title: General Securities Principal
Phone: 203-861-3288
Signature, Place and Date of Signing:
Randall U. Tam Greenwich, Connecticut AUGUST 14,2000
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 76
Form 13F Information Table Value Total: $290,345
List of Other Included Managers:
<PAGE>
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ADAPTEC CV 4.75% 02/01/04 SDBCV 00651FAC2 5014 5933000 PRN SOLE 5933000
ALKERMES CV 3.75% 2/15/07 144A SDBCV 01642TAA6 597 700000 PRN SOLE 700000
ALKERMES CV PFD 6.50% CVPFD 01642T405 22595 140550 SH SOLE 140550
<ACQ>APEX INC COM 037548104 6557 141900 SH SOLE 141900
ARTESIAN RESOURCES CORP - CL A COM 043113208 329 14300 SH SOLE 14300
ASYST TECHNOLOGIES INC COM 04648X107 6168 180100 SH SOLE 180100
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 2756 2500000 PRN SOLE 2500000
ALLEGHENY ENERGY INC COM 017361106 1881 68700 SH SOLE 68700
ALZA CORP CV 0% 7/14/14 SDBCV 022615AC2 9770 12500000 PRN SOLE 12500000
BURR-BROWN CORP COM 122574106 5271 60800 SH SOLE 60800
BURR-BROWN 4.25% 2/15/07 144A SDBCV 122574AD8 4236 2500000 PRN SOLE 2500000
BEA SYS CV 4.00% 12/15/06 144A SDBCV 073325AC6 3151 2000000 PRN SOLE 2000000
BESTFOODS COM 08658U101 12479 180200 SH SOLE 180200
CADENCE DESIGN SYS INC COM 127387108 408 20000 SH SOLE 20000
CEPHALON CV 7.25%2049 144A CVPFD 156708307 19066 112500 SH SOLE 112500
CEPHALON CV 7.25%2049 REGD SEC CVPFD 156708406 10975 64760 SH SOLE 64760
CFM TECHNOLOGIES INC COM 12525K106 1254 80900 SH SOLE 80900
COMPAQ COMPUTER CORP COM 204493100 1278 50000 SH SOLE 50000
CERPROBE CORP COM 156787103 386 27600 SH SOLE 27600
VALHI INC CV 0.0% 10/20/7 SDBCV 918905AC4 1811 2500000 PRN SOLE 2500000
DETROIT EDISON CO (DTE) COM 233331107 376 12300 SH SOLE 12300
<ACQ>CENTRAL NEWSPAPERS CL A COM 154647101 778 12300 SH SOLE 12300
EMPIRE DISTRICT ELECTRIC CO COM 291641108 368 16700 SH SOLE 16700
EL PASO ELECTRIC CO COM 283677854 4231 378150 SH SOLE 378150
ELECTROGLAS INC COM 285324109 1142 53100 SH SOLE 53100
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 5183 5250000 PRN SOLE 5250000
EDUCATIONAL VIDEO CONF COM 281505107 772 49000 SH SOLE 49000
EXIDE CORP COM 302051107 240 30000 SH SOLE 30000
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 2452 3157000 PRN SOLE 3157000
FPL GROUP INC COM 302571104 2529 51100 SH SOLE 51100
FSI INTL INC COM 302633102 1879 86650 SH SOLE 86650
NICOR INC COM 654086107 424 13000 SH SOLE 13000
GLOBAL 6.75% 4/15/12 TO-MW CVPFD G3921A134 4510 20500 SH SOLE 20500
GPU INC COM 36225X100 517 19100 SH SOLE 19100
HELIX TECHNOLOGY CORP COM 423319102 452 11600 SH SOLE 11600
IDACORP INC COM 451107106 274 8500 SH SOLE 8500
INTEL CORP COM 458140100 1337 10000 SH SOLE 10000
INTEL CORP COM 458140100 5348 40000 SH CALL SOLE 0
INTEL CORP COM 458140100 5348 40000 SH PUT SOLE 0
IPALCO ENTERPRISES INC COM 462613100 4067 202100 SH SOLE 202100
I2 TECH CV 5.25% 12/15/06 144A SDBCV 465754AD1 1545 1000000 PRN SOLE 1000000
KLA - TENCOR CORP COM 482480100 299 5100 SH SOLE 5100
KULICKE & SOFFA INDUSTRIES COM 501242101 671 11300 SH SOLE 11300
LABORATORY CRP OF AMER HLDGS COM 50540R409 967 12533 SH SOLE 12533
LILLY INDUSTRIES INC - CL A COM 532491107 1503 50000 SH SOLE 50000
ALLIANT ENERGY CORP COM 018802108 1355 52100 SH SOLE 52100
MCLEODUSA INC CV 6.75% (CMW) CVPFD 582266201 16781 30250 SH SOLE 30250
MALLINCKRODT INC COM 561232109 6516 150000 SH SOLE 150000
MONTANA POWER CO COM 612085100 742 21000 SH PUT SOLE 0
ENERGY EAST CORPORATION COM 29266M109 1478 77515 SH SOLE 77515
NABISCO GROUP HOLDINGS COM 62952P102 5846 225400 SH SOLE 225400
NABISCO GROUP HOLDINGS COM 62952P102 4318 166500 SH CALL SOLE 0
PHOTRONICS INC COM 719405102 1600 56400 SH SOLE 56400
PROTECTION ONE INC COM 743663304 327 149300 SH SOLE 149300
PPL CORP COM 69351T106 5765 262800 SH SOLE 262800
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 1352 1700000 PRN SOLE 1700000
QWEST COMMUNICATIONS INTL COM 749121109 396 7963 SH SOLE 7963
RELIASTAR FINANCIAL CORP COM 75952U103 3943 75200 SH SOLE 75200
RELIASTAR FINANCIAL CORP COM 75952U103 1101 21000 SH CALL SOLE 0
ROUSE CV PFD $3.00 SER B CVPFD 779273309 352 10000 SH SOLE 10000
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1616 1728900 PRN SOLE 1728900
GENERAL SEMI CV 5.75%2006 144A SDBCV 370787AA1 559 500000 PRN SOLE 500000
SAVOIR TECHNOLOGY GROUP INC COM 80533W107 1081 153000 SH SOLE 153000
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 23514 17450000 PRN SOLE 17450000
TECH-SYM CORP COM 878308105 1828 65000 SH SOLE 65000
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 1446 1845000 PRN SOLE 1845000
TEXAS BIOTECH CORP WTS 12/31/0 RT 88221T120 764 73600 SH SOLE 73600
TYCO INTERNATIONAL LTD COM 902124106 2132 45000 SH PUT SOLE 0
UNITEDGLOBALCOM CV 7% CMW/S CVPFD 913247201 1862 30000 SH SOLE 30000
UNITEDGLOBAL CV PFD 7.00% 144A CVPFD 913247102 7386 119000 SH SOLE 119000
UTILICORP UNITED INC COM 918005109 1709 86000 SH SOLE 86000
MEDIAONE GROUP INC COM 58440J104 16997 257050 SH SOLE 257050
UNITIL CORP COM 913259107 294 11000 SH SOLE 11000
VION PHARMACEUTICALS INC COM 927624106 2528 337000 SH SOLE 337000
VERIO INC COM 923433106 9593 172900 SH SOLE 172900
VERIO INC COM 923433106 1970 35500 SH CALL SOLE 0
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