United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended:
June 30, 1999
Check here if Amendment [ X ]; Amendment Number: 2
This Amendment (Check only one.):
[ ] is a restatement.
[ X ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Warburg Dillon Read LLC
Address: 677 Washington Boulevard
Stamford, CT 06901
13F File Number: 28-7346
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: Janet R. Zimmer
Title: Executive Director
Phone: (203) 719-8960
Signature, Place, and Date of Signing:
/s/ Janet R. Zimmer
Janet R. Zimmer
Stamford, CT
March 12, 2000
Report Type (Check only one.):
[ X ] 13F Holdings Report.
[ ] 13F Notice
[ ] 13F Combination Report.
<PAGE>
Report Summary
Form 13F Information Table Entry Total: 104
Form 13F Information Table Value Total: 1,851,061
<PAGE>
<TABLE>
<C> <C>
VOTING
MARKET
PUT/
INVEST
OTHER
AUTHORITY
ISSUER
ISSUE
CUSIP
VALUE
QUANTITY
CALL
DISCRETN
MGR
SOLE
AFC CABLE SYS INC
COM
000950105
2,472
70,000
SOLE
N/A
70,000
AT&T CORP
OPT
001957100
11,162
200,000
P
SOLE
N/A
200,000
ABOVENET COMMUNICATIONS
COM
003743101
1,030
25,500
SOLE
N/A
25,500
ALLIEDSIGNAL INC
COM
019512102
28,350
450,000
SOLE
N/A
450,000
ALPHARMA INC
SB NT CV 5.75%05
020813AB7
5,813
4,306,000
SOLE
N/A
4,306,000
ALPHARMA INC
SR SB CV 144A 06
020813AC5
16,517
13,374,000
SOLE
N/A
13,374,00
0
ALZA CORP DEL
COM
022615108
6,614
130,000
SOLE
N/A
130,000
ALZA CORP DEL
SUB LYON ZERO 14
022615AC2
46,237
70,861,000
SOLE
N/A
70,861,00
0
ALZA CORP DEL
SUB DB CONV 5%06
022615AD0
49,243
35,748,000
SOLE
N/A
35,748,00
0
AMERICAN BANKERS INS
COM
024456105
817
15,000
SOLE
N/A
15,000
AMERICAN GEN DEL L L C
MIPS SER A
02637G200
24,665
263,800
SOLE
N/A
263,800
AMERITECH CORP NEW
OPT
030954100
18,375
250,000
C
SOLE
N/A
250,000
AMERITECH CORP NEW
COM
030954101
8,820
120,000
SOLE
N/A
120,000
ARMCO INC
COM
042170100
1,988
300,000
SOLE
N/A
300,000
ASSOCIATED BANC CORP
OPT
045487100
1,038
25,000
C
SOLE
N/A
25,000
ASSOCIATED GROUP INC
CL A
045651106
4,292
65,900
SOLE
N/A
65,900
ASSOCIATED GROUP INC
CL B
045651205
6,310
96,800
SOLE
N/A
96,800
AT HOME CORP
OPT
045919100
5,394
100,000
C
SOLE
N/A
100,000
AT HOME CORP
OPT
045919100
5,124
95,000
P
SOLE
N/A
95,000
AT HOME CORP
COM SER A
045919107
5,663
105,000
SOLE
N/A
105,000
BALLARD MED PRODS
COM
058566100
932
40,000
SOLE
N/A
40,000
BANKBOSTON CORP
COM
06605R106
17,485
342,000
SOLE
N/A
342,000
CNB BANCSHARES INC
COM
126126101
2,280
40,000
SOLE
N/A
40,000
CRW FINL INC
COM
126276104
497
97,000
SOLE
N/A
97,000
CAPSTAR BROADCASTING
CORP
CL A
14067G105
8,856
323,500
SOLE
N/A
323,500
CASE CORP
COM
14743R103
1,805
37,500
SOLE
N/A
37,500
CASELLA WASTE SYS INC
CL A
147448104
710
27,300
SOLE
N/A
27,300
CLEAR CHANNEL
OPT
184502100
689
10,000
P
SOLE
N/A
10,000
COAST FEDERAL
LITIGATION
RT
19034Q110
66
62,300
SOLE
N/A
62,300
COLTEC INDS INC
COM
196879100
15,684
723,200
SOLE
N/A
723,200
COLTEC INDS INC
OPT
196879100
1,974
91,000
C
SOLE
N/A
91,000
COLTEC INDS INC
OPT
196879100
412
19,000
P
SOLE
N/A
19,000
COLUMBIA ENERGY GROUP
OPT
197648100
470
7,500
C
SOLE
N/A
7,500
COLUMBIA ENERGY GROUP
OPT
197648100
12,537
200,000
P
SOLE
N/A
200,000
COMCAST CORP
OPT
200300100
1,791
50,000
C
SOLE
N/A
50,000
COMPASS BANCSHARES INC
OPT
20449H100
273
10,000
C
SOLE
N/A
10,000
COMPASS BANCSHARES INC
COM
20449H109
354
13,000
SOLE
N/A
13,000
COMSAT CORP
OPT
20564D100
6,078
187,000
C
SOLE
N/A
187,000
COMSAT CORP
OPT
20564D100
488
15,000
P
SOLE
N/A
15,000
COMSAT CORP
COM SER 1
20564D107
1,300
40,000
SOLE
N/A
40,000
CONSOLIDATED NAT GAS CO
COM
209615103
21,870
360,000
SOLE
N/A
360,000
COSTCO COMPANIES INC
SB NT CV ZERO 17
22160QAC6
95,238
100,914,000
SOLE
N/A
100,914,0
00
DIAMOND OFFSHORE
OPT
25271C100
1,419
50,000
C
SOLE
N/A
50,000
DU PONT E I
OPT
263534100
34,156
500,000
P
SOLE
N/A
500,000
DU PONT E I
COM
263534109
15,842
231,900
SOLE
N/A
231,900
FIRST AMER CORP TENN
COM
318900107
17,040
410,000
SOLE
N/A
410,000
FIRST SEC CORP DEL
COM
336294103
12,263
450,000
SOLE
N/A
450,000
FRONTIER CORPORATION
OPT
35906P100
5,863
100,000
P
SOLE
N/A
100,000
FRONTIER CORPORATION
COM
35906P105
75,603
1,289,600
SOLE
N/A
1,289,600
GOLDEN ST BANCORP INC
WT EXP 000000
381197136
66
50,000
SOLE
N/A
50,000
GULFSTREAM AEROSPACE
CORP
COM
402734107
42,665
631,500
SOLE
N/A
631,500
HARTFORD FINL SVCS
GROUP INC
OPT
416515100
2,916
50,000
C
SOLE
N/A
50,000
HEWLETT PACKARD CO
SBLYON144AZERO17
428236AA1
17,030
26,050,000
SOLE
N/A
26,050,00
0
HEWLETT PACKARD CO
SB LYON ZERO 17
428236AC7
32,209
51,950,000
SOLE
N/A
51,950,00
0
HONEYWELL INC
OPT
438506100
39,803
343,500
C
SOLE
N/A
343,500
IOMEGA CORP
COM
462030107
247
50,000
SOLE
N/A
50,000
JACOR COMMUNUNICATIONS
INC
WT EXP 091801
469858138
9,599
872,600
SOLE
N/A
872,600
JACOR COMMUNUNICATIONS
INC
LYON ZERO CPN 11
469858AA2
96,912
97,891,000
SOLE
N/A
97,891,00
0
JACOR COMMUNUNICATIONS
INC
SR LYON ZERO 18
469858AB0
8,209
16,669,000
SOLE
N/A
16,669,00
0
KEYCORP NEW
COM
493267108
643
20,000
SOLE
N/A
20,000
KING WORLD PRODTNS INC
OPT
495667100
1,741
50,000
C
SOLE
N/A
50,000
KING WORLD PRODTNS INC
COM
495667107
7,850
225,500
SOLE
N/A
225,500
LEVEL ONE COMMUNIC
OPT
527295100
19,575
400,000
P
SOLE
N/A
400,000
LEVEL ONE COMMUNIC
COM
527295109
19,575
400,000
SOLE
N/A
400,000
LUCENT TECHNOLOGIES
OPT
549463100
40,806
605,100
C
SOLE
N/A
605,100
LUCENT TECHNOLOGIES
COM
549463107
6,286
93,215
SOLE
N/A
93,215
MCI WORLDCOM INC
OPT
55268B100
8,176
95,000
C
SOLE
N/A
95,000
MCI WORLDCOM INC
OPT
55268B100
5,164
60,000
P
SOLE
N/A
60,000
MATTEL INC
OPT
577081100
1,829
70,000
C
SOLE
N/A
70,000
MCKESSON HBOC INC
COM
58155Q103
6,614
205,500
SOLE
N/A
205,500
MEDIAONE GROUP INC
OPT
58440J100
22,313
300,000
C
SOLE
N/A
300,000
MEDIAONE GROUP INC
COM
58440J104
264,195
3,552,200
SOLE
N/A
3,552,200
MERCANTILE BANCORP
COM
587342106
1,143
20,000
SOLE
N/A
20,000
METROMEDIA FIBER
OPT
591689100
14,375
400,000
P
SOLE
N/A
400,000
MOBIL CORP
OPT
607059100
19,750
200,000
P
SOLE
N/A
200,000
MUTUAL RISK MGMT LTD
SBDBCVZERO EXC15
628351AA6
10,314
14,450,000
SOLE
N/A
14,450,00
0
NEWCOURT CR GROUP INC
OPT
650905100
647
50,000
C
SOLE
N/A
50,000
NEWPORT NEWS SHIPBLDG
COM
652228107
2,950
100,000
SOLE
N/A
100,000
NEXSTAR PHARMACEUTICALS
COM
65333B106
6,533
327,700
SOLE
N/A
327,700
OUTDOOR SYS INC
COM
690057104
38,854
1,064,500
SOLE
N/A
1,064,500
PATRIOT AMERN HOSP
PAIRED CTF
703352203
74
16,514
SOLE
N/A
16,514
PHYCOR INC
SUB DB CV 4.5%03
71940FAB6
2,499
3,310,000
SOLE
N/A
3,310,000
PIONEER HI BRED INTL
COM
723686101
5,097
130,900
SOLE
N/A
130,900
PROVIDENT COS INC
COM
743862104
696
17,400
SOLE
N/A
17,400
QUINTILES TRANSNATIONAL
SB NT CV 4.25%00
748767AC4
9,168
8,250,000
SOLE
N/A
8,250,000
QWEST COMMUNICATIONS
OPT
749121100
29,590
895,000
P
SOLE
N/A
895,000
QWEST COMMUNICATIONS
COM
749121109
20,988
634,800
SOLE
N/A
634,800
SBC COMMUNICATIONS INC
OPT
78387G100
4,663
80,400
C
SOLE
N/A
80,400
ST PAUL BANCORP INC
COM
792848103
2,040
80,000
SOLE
N/A
80,000
ST PAUL CAP L L C
PFD MIPS 6%
792856205
29,798
507,200
SOLE
N/A
507,200
SEALED AIR CORP NEW
PFD CV A $2
81211K209
34,081
545,300
SOLE
N/A
545,300
SOUTHWEST GAS CORP
COM
844895102
889
31,055
SOLE
N/A
31,055
STMICROELECTRONICS N V
SUB LYON ZERO 08
861012AA0
55,451
45,827,000
SOLE
N/A
45,827,00
0
TCA CABLE TV INC
COM
872241104
18,026
324,800
SOLE
N/A
324,800
TELEBANC FINANCIAL CORP
COM
87925R109
12,764
329,400
SOLE
N/A
329,400
TELECOM ITALIA SPA
SPONS ADR ORD
87927W106
2,367
22,500
SOLE
N/A
22,500
TRANSAMERICA CORP
COM
893485102
75,000
1,000,000
SOLE
N/A
1,000,000
U S WEST INC NEW
OPT
91273H100
12,279
209,000
C
SOLE
N/A
209,000
U S WEST INC NEW
OPT
91273H100
21,738
370,000
P
SOLE
N/A
370,000
U S WEST INC NEW
COM
91273H101
2,938
50,000
SOLE
N/A
50,000
VALHI INC NEW
LYON ZERO CPN 07
918905AC4
3,373
5,530,000
SOLE
N/A
5,530,000
GLOBAL CROSSING LTD
COM
G3921A100
71,991
1,688,938
SOLE
N/A
1,688,938
GLOBAL CROSSING LTD
OPT
G3921A100
5,541
130,000
C
SOLE
N/A
130,000
GLOBAL CROSSING LTD
OPT
G3921A100
77,130
1,809,500
P
SOLE
N/A
1,809,500
</TABLE>
