United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended:
March 31, 1999
Check here if Amendment [ x ]; Amendment Number:
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
July 11, 2000
Report Type (Check only one.):
[ X ] 13F Holdings Report.
[ ] 13F Notice
[ ] 13F Combination Report.
<PAGE>
Report Summary
Form 13F Information Table Entry Total: 139
Form 13F Information Table Value Total: 2,684,916
<PAGE>
<TABLE>
<CAPTION>
MARKE PUT/ INVEST OTHE VOTING
T MENT R
ISSUER ISSUE CUSIP VALUE QUANTITY CALL DISCRE MGR AUTHOR
TION ITY
SOLE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AFC CABLE COM 0009501 893 30,000 SOLE N/A 30,000
SYS INC 05
AGOURON COM 0084881 50,69 896,200 SOLE N/A 896,20
PHARMACEUT 08 1 0
ICALS INC
AIRTOUCH OPT 00949T1 19,32 200,000 C SOLE N/A 200,00
COMMUNICAT 00 5 0
IONS INC
AIRTOUCH OPT 00949T1 9,663 100,000 P SOLE N/A 100,00
COMMUNICAT 00 0
IONS INC
AIRTOUCH PFD B 00949T2 86,53 1,098,80 SOLE N/A 1,098,
COMMUNICAT CV 09 1 0 800
IONS INC 6.00%
AIRTOUCH PFD C 00949T3 70,78 526,300 SOLE N/A 526,30
COMMUNICAT CV 08 7 0
IONS INC 4.25%
ALIANT COM 0160901 901 22,000 SOLE N/A 22,000
COMMUNICAT 02
IONS INC
ALKERMES PFD CV 01642T4 7,711 140,200 SOLE N/A 140,20
INC EX$3.25 05 0
ALLIED OPT 0195893 722 50,000 C SOLE N/A 50,000
WASTE INDS 00
INC
ALLIED OPT 0195893 144 10,000 P SOLE N/A 10,000
WASTE INDS 00
INC
ALLIED COM 0195893 289 20,000 SOLE N/A 20,000
WASTE INDS PAR$.01 08
INC NEW
ALPHARMA SB NT 020813A 7,680 5,107,00 SOLE N/A 5,107,
INC CV B7 0 000
5.75%05
ALZA CORP WT EXP 0226151 23 146,988 SOLE N/A 146,98
DEL 123199 57 8
ALZA CORP SUB 022615A 79,12 155,144, SOLE N/A 155,14
DEL LYON C2 3 000 4,000
ZERO 14
ALZA CORP SUB DB 022615A 12,00 10,350,0 SOLE N/A 10,350
DEL CONV D0 6 00 ,000
5%06
AMERICA OPT 02364J1 14,70 100,000 C SOLE N/A 100,00
ONLINE INC 00 0 0
DEL
AMERICA OPT 02364J1 14,70 100,000 P SOLE N/A 100,00
ONLINE INC 00 0 0
DEL
AMERICAN COM 0244561 7,020 135,000 SOLE N/A 135,00
BANKERS 05 0
INS GROUP
INC
AMERICAN PFD B 0244562 27,88 264,300 SOLE N/A 264,30
BANKERS CV$3.12 04 4 0
INS GROUP 5
INC
AMERICAN MIPS 02637G2 25,13 280,800 SOLE N/A 280,80
GEN DEL L SER A 00 2 0
L C
AMP INC COM 0318971 143,8 2,688,35 SOLE N/A 2,688,
01 27 3 353
ARCHITEL COM 0399171 1,919 100,000 SOLE N/A 100,00
SYS CORP 09 0
ASCEND OPT 0434911 12,55 150,000 P SOLE N/A 150,00
COMMUNICAT 00 3 0
IONS INC
ASCEND COM 0434911 161,7 1,932,50 SOLE N/A 1,932,
COMMUNICAT 09 25 0 500
IONS INC
AT HOME OPT 0459191 37,01 235,000 P SOLE N/A 235,00
CORP 00 3 0
ASTRA AB SPONSOR 0462981 19,47 848,900 SOLE N/A 848,90
ADR A 05 1 0
AUTODESK COM 0527691 445 11,000 SOLE N/A 11,000
INC 06
AUTOMATIC TRACES 05300A2 4,591 316,600 SOLE N/A 316,60
COM EXCH RWIN 02 0
SEC TR II
AVONDALE COM 0543501 11,42 387,300 SOLE N/A 387,30
INDS INC 03 5 0
BJ SVCS CO WT EXP 0554821 3,687 190,300 SOLE N/A 190,30
041300 11 0
BALLARD COM 0585661 3,325 136,400 SOLE N/A 136,40
MED PRODS 00 0
BANKERS TR OPT 0663651 4,280 48,500 C SOLE N/A 48,500
CORP 00
BANKERS TR OPT 0663651 26,08 295,600 P SOLE N/A 295,60
CORP 00 7 0
BELL COM 0778531 992 19,200 SOLE N/A 19,200
ATLANTIC 09
CORP
BERGEN OPT 0837391 4,200 210,000 P SOLE N/A 210,00
BRUNSWIG 00 0
CORP
BIOGEN INC OPT 0905971 229 2,000 P SOLE N/A 2,000
00
BROWNING COM 1158851 8,869 230,000 SOLE N/A 230,00
FERRIS 05 0
INDS
BUILDING COM 1201141 3,872 225,300 SOLE N/A 225,30
ONE SVCS 03 0
CORP
CRW FINL COM 1262761 558 97,000 SOLE N/A 97,000
INC 04
CAPSTAR CL A 14067G1 9,771 426,000 SOLE N/A 426,00
BROADCASTI 05 0
NG CORP
CASELLA CL A 1474481 241 10,700 SOLE N/A 10,700
WASTE SYS 04
INC
CENTURY CL A 1565031 1,518 32,700 SOLE N/A 32,700
COMMUNICAT 04
IONS CORP
CHIRON SB CV 170040A 13,29 13,900,0 SOLE N/A 13,900
CORP ADJ B5 2 00 ,000
144A00
CIENA CORP OPT 1717791 4,950 220,000 C SOLE N/A 220,00
00 0
CIENA CORP COM 1717791 3,069 136,400 SOLE N/A 136,40
01 0
CILCORP COM 1717941 13,22 220,100 SOLE N/A 220,10
INC 00 0 0
CITIZENS PFD 1773512 3,404 85,100 SOLE N/A 85,100
UTILS TR EPPICS 02
CV
CLEAR COM 1845021 20,28 302,500 SOLE N/A 302,50
CHANNEL 02 6 0
COMMUNICAT
IONS
COAST RT 19034Q1 192 32,300 SOLE N/A 32,300
FEDERAL 10
LITIGATION
TR
COMSAT OPT 20564D1 2,894 100,000 C SOLE N/A 100,00
CORP 00 0
COMSAT COM SER 20564D1 2,946 101,800 SOLE N/A 101,80
CORP 1 07 0
COMVERSE SB DB 205862A 22,29 11,790,0 SOLE N/A 11,790
TECHNOLOGY CV E5 8 00 ,000
INC 5.75%06
COMVERSE SUB DB 205862A 7,706 5,319,00 SOLE N/A 5,319,
TECHNOLOGY CV G0 0 000
INC 4.5%05
COSTCO SB CV 22160QA 2,125 2,000,00 SOLE N/A 2,000,
COMPANIES ZERO144 A0 0 000
INC A17
COSTCO SB NT 22160QA 122,2 115,057, SOLE N/A 115,05
COMPANIES CV ZERO C6 48 000 7,000
INC 17
CRESCENT PFD CV 2257562 1,602 100,900 SOLE N/A 100,90
REAL A 6.75% 04 0
ESTATE
EQUITIES
DU PONT E OPT 2635341 6,677 115,000 P SOLE N/A 115,00
I DE 00 0
NEMOURS &
CO
EMC CORP SB NT 26865YA 123,1 30,481,0 SOLE N/A 30,481
CV A2 43 00 ,000
3.25%02
EL PASO OPT 2839051 4,903 150,000 C SOLE N/A 150,00
ENERGY 00 0
CORP DEL
ENRON OIL COM 2935621 1,493 89,800 SOLE N/A 89,800
& GAS CO 04
EXCITE INC OPT 3009041 18,83 134,500 C SOLE N/A 134,50
00 0 0
EXCITE INC COM 3009041 56,08 400,600 SOLE N/A 400,60
09 4 0
FEDERATED WT C EX 31410H1 7,892 513,300 SOLE N/A 513,30
DEPT 121999 19 0
STORES INC
DEL
FEDERATED WT D EX 31410H1 1,645 106,100 SOLE N/A 106,10
DEPT 121901 27 0
STORES INC
DEL
FRONTIER OPT 35906P1 14,00 270,000 C SOLE N/A 270,00
CORPORATIO 00 6 0
N
FRONTIER COM 35906P1 104,0 2,005,90 SOLE N/A 2,005,
CORPORATIO 05 56 0 900
N
GATEWAY OPT 3678331 5,142 75,000 C SOLE N/A 75,000
2000 INC 00
GEOCITIES COM 37247V1 5,478 50,000 SOLE N/A 50,000
06
GOLDEN ST WT EXP 3811971 242 50,000 SOLE N/A 50,000
BANCORP 000000 36
INC
HEWLETT SBLYON1 428236A 7,763 14,050,0 SOLE N/A 14,050
PACKARD CO 44AZERO A1 00 ,000
17
HEWLETT SB LYON 428236A 25,28 44,750,0 SOLE N/A 44,750
PACKARD CO ZERO C7 4 00 ,000
17
HOME DEPOT SB NT 437076A 205,1 181,551, SOLE N/A 181,55
INC CV E2 53 000 1,000
3.25%01
HUTCHINSON SB NT 448407A 753 700,000 SOLE N/A 700,00
TECHNOLOGY CV 144A A4 0
INC 05
HUTCHINSON SB NT 448407A 4,843 4,500,00 SOLE N/A 4,500,
TECHNOLOGY CV C0 0 000
INC 6%05
INTEL CORP OPT 4581401 3,566 30,000 C SOLE N/A 30,000
00
INTL PAPER OPT 4601461 9,281 220,000 P SOLE N/A 220,00
CO 00 0
IOMEGA COM 4620301 513 100,000 SOLE N/A 100,00
CORP 07 0
JACOR WT EXP 4698581 8,840 878,600 SOLE N/A 878,60
COMMUNIC 091801 38 0
INC
JACOR WT EXP 4698581 124 32,000 SOLE N/A 32,000
COMMUNIC 091801 46
INC
JACOR LYON 469858A 65,90 66,571,0 SOLE N/A 66,571
COMMUNIC ZERO A2 5 00 ,000
INC CPN 11
JACOR SR LYON 469858A 8,500 17,000,0 SOLE N/A 17,000
COMMUNIC ZERO B0 00 ,000
INC 18
KN ENERGY COM 4826201 3,262 163,600 SOLE N/A 163,60
INC 01 0
LEARNING OPT 5220081 5,800 200,000 P SOLE N/A 200,00
CO INC 00 0
LEARNING COM 5220081 14,42 497,500 SOLE N/A 497,50
CO INC 01 8 0
LEVEL ONE COM 5272951 20,28 417,100 SOLE N/A 417,10
COMMUNICAT 09 1 0
IONS INC
LOWES COS OPT 5486611 24,10 398,500 P SOLE N/A 398,50
INC 00 9 0
LOWES COS COM 5486611 20,84 344,500 SOLE N/A 344,50
INC 07 2 0
LUCASVARIT SPONSOR 5493951 45,74 989,000 SOLE N/A 989,00
Y PLC ED ADR 01 1 0
MCI OPT 55268B1 8,413 95,000 C SOLE N/A 95,000
WORLDCOM 00
INC
MCI OPT 55268B1 5,314 60,000 P SOLE N/A 60,000
WORLDCOM 00
INC
MATTEL INC OPT 5770811 2,992 120,000 C SOLE N/A 120,00
00 0
MCKESSON COM 58155Q1 13,56 205,500 SOLE N/A 205,50
HBOC INC 03 3 0
MEDIAONE OPT 58440J1 12,68 200,000 P SOLE N/A 200,00
GROUP INC 00 7 0
MERCK & CO OPT 5893311 4,006 50,000 C SOLE N/A 50,000
INC 00
MEYER FRED COM 5929071 38,96 661,900 SOLE N/A 661,90
INC DEL 09 9 0
NEW
MOBIL CORP OPT 6070591 17,60 200,000 P SOLE N/A 200,00
00 0 0
MORTON COM 6193351 4,472 121,700 SOLE N/A 121,70
INTL INC 02 0
IND NEW
MUTUAL SBDBCVZ 628351A 12,01 14,450,0 SOLE N/A 14,450
RISK MGMT ERO A6 2 00 ,000
LTD EXC15
NEWPORT OPT 6522281 6,401 202,000 C SOLE N/A 202,00
NEWS 00 0
SHIPBUILDI
NG
NEXTEL OPT 65332V1 5,494 150,000 C SOLE N/A 150,00
COMMUNICAT 00 0
IONS
NEXTEL OPT 65332V1 1,831 50,000 P SOLE N/A 50,000
COMMUNICAT 00
IONS
NEXSTAR COM 65333B1 4,958 290,600 SOLE N/A 290,60
PHARMACEUT 06 0
ICALS
NINE WEST COM 65440D1 8,702 352,500 SOLE N/A 352,50
GROUP INC 02 0
OFFICE LYON 676220A 22,48 22,710,0 SOLE N/A 22,710
DEPOT SUB A4 3 00 ,000
ZERO 07
OMNICOM SB DB 681919A 31,76 12,346,0 SOLE N/A 12,346
GROUP CV E6 0 00 ,000
4.25%07
PATRIOT PAIRED 7033522 85 16,514 SOLE N/A 16,514
AMERN CTF 03
HOSPITALIT
Y DEL
PHARMACEUT COM 7171231 3,606 242,400 SOLE N/A 242,40
ICAL 03 0
MARKETING
SVCS
PHARMERICA COM 7171351 11,45 2,291,00 SOLE N/A 2,291,
INC 07 5 0 000
PHYCOR INC SUB DB 71940FA 8,932 15,400,0 SOLE N/A 15,400
CV B6 00 ,000
4.5%03
PIONEER HI COM 7236861 941 25,000 SOLE N/A 25,000
BRED INTL 01
INC
QUINTILES SUB NT 748767A 53 50,000 SOLE N/A 50,000
TRANSNATIO CV A8
NAL CORP 144A00
QUINTILES SB NT 748767A 9,330 8,750,00 SOLE N/A 8,750,
TRANSNATIO CV C4 0 000
NAL CORP 4.25%00
READERS TRACES 7552712 6,785 213,300 SOLE N/A 213,30
DIGEST 02 0
AUTO COM
EXCH
RHONE SPN ADR 7624261 405 158,000 SOLE N/A 158,00
POULENC S REP WT 38 0
A
SBC DECS 78387G2 10,80 186,300 SOLE N/A 186,30
COMMUNICS 7.75%20 02 5 0
01
SCI SYS OPT 7838901 2,963 100,000 P SOLE N/A 100,00
INC 00 0
ST PAUL PFD 7928562 34,39 595,600 SOLE N/A 595,60
CAP LLC MIPS 6% 05 6 0
SINCLAIR PFD CV 8292265 4,110 100,702 SOLE N/A 100,70
BROADCAST EXCH D 05 2
GROUP
SONAT INC COM 8354151 1,200 40,000 SOLE N/A 40,000
00
SOUTHWEST COM 8448951 24,46 889,555 SOLE N/A 889,55
GAS 02 3 5
SPRINT DECS 8520614 18,25 250,100 SOLE N/A 250,10
CORP EXCH 07 7 0
2000
STATION PFD 8576892 4,629 95,450 SOLE N/A 95,450
CASINOS CONV 02
STMICROELE SUB 861012A 10,64 11,327,0 SOLE N/A 11,327
CTRON LYON A0 7 00 ,000
ZERO 08
SUNDSTRAND COM 8673231 13,90 200,000 SOLE N/A 200,00
CORP 07 0 0
TELECOM SPONS 87927W1 2,348 22,500 SOLE N/A 22,500
ITALIA ADR ORD 06
TRANSAMERI COM 8934851 65,95 928,900 SOLE N/A 928,90
CA 02 2 0
UNION CAMP COM 9055301 122,0 1,817,60 SOLE N/A 1,817,
CORP 01 06 0 600
UNION OPT 9055811 1,582 35,000 C SOLE N/A 35,000
CARBIDE 00
UNION OPT 9055811 1,582 35,000 P SOLE N/A 35,000
CARBIDE 00
UNISYS PFD A 9092142 23,21 447,471 SOLE N/A 447,47
CORP CV 07 3 1
$3.75
UNITED LYON 911684A 3,936 8,698,00 SOLE N/A 8,698,
STATES ZERO A6 0 000
CELLULAR 15
CORP
VLSI OPT 9182701 4,650 240,000 C SOLE N/A 240,00
TECHNOLOGY 00 0
VLSI COM 9182701 2,906 150,000 SOLE N/A 150,00
TECHNOLOGY 09 0
VORNADO PFD 9290422 11,46 233,900 SOLE N/A 233,90
RLTY TR CONV 08 1 0
SER A
WMX SUB NTS 92929QA 30,72 27,313,0 SOLE N/A 27,313
TECHNOLOGY CV F4 7 00 ,000
2%05
WARNER OPT 9344881 26,50 400,000 P SOLE N/A 400,00
LAMBERT 00 0 0
WESTERN SB DB 958102A 2,343 11,500,0 SOLE N/A 11,500
DIGITAL CV ZERO H8 00 ,000
18
XTRA CORP COM 9841381 1,295 33,800 SOLE N/A 33,800
07
GLOBAL OPT G3921A1 74,46 1,610,00 P SOLE N/A 1,610,
CROSSING 00 3 0 000
</TABLE>
