<PAGE>
Page 1 of 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year Ended: September 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: Canyon Capital Advisors LLC
Address: 9665 Wilshire Boulevard, Suite 200
Beverly Hills, CA 90212
Form 13F File Number: 28-7392
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: R. Christian B. Evensen
Title: Managing Director
Phone: (310) 247-2700
Signature, Place and Date of Signing:
/s/ R. Christian B. Evensen Beverly Hills, California 11/08/2000
--------------------------------------------------------------------------------
[Signature] [City, State] [Date]
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)).
<PAGE>
Page 2 of 2
|_| 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).)
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 207
Form 13F Information Table Value Total: $549,847
-----------------------------------
(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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
1. 28-6844 The Canyon Value Realization Fund (Cayman),Ltd.
2. 28-6780 The Value Realization Fund, L.P.
[Repeat as necessary.]
<PAGE>
Page 1 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
AT&T CORP COM 001957109 962 32,740 SH
-------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 880 29,961 SH
-------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 52 1,772 SH
-------------------------------------------------------------------------------------------------
AT&T CORP COM LIB GRP A 001957208 1,984 110,230 SH
-------------------------------------------------------------------------------------------------
AT&T CORP COM LIB GRP A 001957208 1,561 86,720 SH
-------------------------------------------------------------------------------------------------
AT&T CORP COM LIB GRP A 001957208 235 13,050 SH
-------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS CL A 006847107 192 16,250 SH
-------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS CL A 006847107 130 11,000 SH
-------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS CL A 006847107 68 5,750 SH
-------------------------------------------------------------------------------------------------
AETHER SYS INC SUB NT CV 6%05 0808VAA3 12,662 16,525,000 PRN
-------------------------------------------------------------------------------------------------
AETHER SYS INC SUB NT CV 6%05 0808VAA3 6,839 8,925,000 PRN
-------------------------------------------------------------------------------------------------
AETHER SYS INC SUB NT CV 6%05 0808VAA3 1,188 1,550,000 PRN
-------------------------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC SUB NT CV 144A 07 0971TAA9 6,380 8,900,000 PRN
-------------------------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC SUB NT CV 144A 07 0971TAA9 4,875 6,800,000 PRN
-------------------------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC SUB NT CV 144A 07 0971TAA9 932 1,300,000 PRN
-------------------------------------------------------------------------------------------------
ALKERMES INC SUB NT CV3.75%07 01642TAB4 8,233 10,995,000 PRN
-------------------------------------------------------------------------------------------------
ALKERMES INC SUB NT CV3.75%07 01642TAB4 5,878 7,850,000 PRN
-------------------------------------------------------------------------------------------------
ALKERMES INC SUB NT CV3.75%07 01642TAB4 865 1,155,000 PRN
-------------------------------------------------------------------------------------------------
Page Total: 53,916
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
AT&T CORP DEFINED 1 32,740
-----------------------------------------------------------------------------------
AT&T CORP DEFINED 2 29,961
-----------------------------------------------------------------------------------
AT&T CORP DEFINED 1,772
-----------------------------------------------------------------------------------
AT&T CORP DEFINED 1 110,230
-----------------------------------------------------------------------------------
AT&T CORP DEFINED 2 86,720
-----------------------------------------------------------------------------------
AT&T CORP DEFINED 13,050
-----------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS DEFINED 1 16,250
-----------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS DEFINED 2 11,000
-----------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTIONS DEFINED 5,750
-----------------------------------------------------------------------------------
AETHER SYS INC DEFINED 1 16,525,000
-----------------------------------------------------------------------------------
AETHER SYS INC DEFINED 2 8,925,000
-----------------------------------------------------------------------------------
AETHER SYS INC DEFINED 1,550,000
-----------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC DEFINED 1 8,900,000
-----------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC DEFINED 2 6,800,000
-----------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES INC DEFINED 1,300,000
-----------------------------------------------------------------------------------
ALKERMES INC DEFINED 1 10,995,000
-----------------------------------------------------------------------------------
ALKERMES INC DEFINED 2 7,850,000
-----------------------------------------------------------------------------------
ALKERMES INC DEFINED 1,155,000
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 2 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ALLTEL CORP COM 020039103 1,670 32,000 SH
-------------------------------------------------------------------------------------------------
ALLTEL CORP COM 020039103 1,253 24,000 SH
-------------------------------------------------------------------------------------------------
ALLTEL CORP COM 020039103 209 4,000 SH
-------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM 02364J104 2,298 42,750 SH
-------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM 02364J104 1,612 30,000 SH
-------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM 02364J104 121 2,250 SH
-------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 13,028 13,750,000 PRN
-------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 9,475 10,000,000 PRN
-------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 1,184 1,250,000 PRN
-------------------------------------------------------------------------------------------------
ANACOMP INC DEL COM 032371106 14 31,750 SH
-------------------------------------------------------------------------------------------------
ANACOMP INC DEL COM 032371106 11 25,500 SH
-------------------------------------------------------------------------------------------------
ANACOMP INC DEL COM 032371106 1 1,750 SH
-------------------------------------------------------------------------------------------------
ARGOSY GAMING CO COM 040228108 538 29,700 SH
-------------------------------------------------------------------------------------------------
ARGOSY GAMING CO COM 040228108 377 20,800 SH
-------------------------------------------------------------------------------------------------
ARGOSY GAMING CO COM 040228108 127 7,000 SH
-------------------------------------------------------------------------------------------------
AT HOME CORP SUB DB CV 144A 18 045919AD9 4,585 6,805,000 PRN
-------------------------------------------------------------------------------------------------
AT HOME CORP SUB DB CV 144A 18 045919AD9 3,419 5,075,000 PRN
-------------------------------------------------------------------------------------------------
AT HOME CORP SUB DB CV 144A 18 045919AD9 417 620,000 PRN
-------------------------------------------------------------------------------------------------
Page Total: 40,339
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ALLTEL CORP DEFINED 1 32,000
-----------------------------------------------------------------------------------
ALLTEL CORP DEFINED 2 24,000
-----------------------------------------------------------------------------------
ALLTEL CORP DEFINED 4,000
-----------------------------------------------------------------------------------
AMERICA ONLINE INC DEL DEFINED 1 42,750
-----------------------------------------------------------------------------------
AMERICA ONLINE INC DEL DEFINED 2 30,000
-----------------------------------------------------------------------------------
AMERICA ONLINE INC DEL DEFINED 2,250
-----------------------------------------------------------------------------------
AMERICAN TOWER CORP DEFINED 1 13,750,000
-----------------------------------------------------------------------------------
AMERICAN TOWER CORP DEFINED 2 10,000,000
-----------------------------------------------------------------------------------
AMERICAN TOWER CORP DEFINED 1,250,000
-----------------------------------------------------------------------------------
ANACOMP INC DEL DEFINED 1 31,750
-----------------------------------------------------------------------------------
ANACOMP INC DEL DEFINED 2 25,500
-----------------------------------------------------------------------------------
ANACOMP INC DEL DEFINED 1,750
-----------------------------------------------------------------------------------
ARGOSY GAMING CO DEFINED 1 29,700
-----------------------------------------------------------------------------------
ARGOSY GAMING CO DEFINED 2 20,800
-----------------------------------------------------------------------------------
ARGOSY GAMING CO DEFINED 7,000
-----------------------------------------------------------------------------------
AT HOME CORP DEFINED 1 6,805,000
-----------------------------------------------------------------------------------
AT HOME CORP DEFINED 2 5,075,000
-----------------------------------------------------------------------------------
AT HOME CORP DEFINED 620,000
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 3 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
AT HOME CORP SUB NT CV4.75%06 045919AF4 1,476 2,190,000 PRN
-------------------------------------------------------------------------------------------------
AT HOME CORP SUB NT CV4.75%06 045919AF4 1,219 1,810,000 PRN
-------------------------------------------------------------------------------------------------
AT HOME CORP SUB NT CV4.75%06 045919AF4 674 1,000,000 PRN
-------------------------------------------------------------------------------------------------
BEST FOODS COM 08658U101 2,975 40,900 SH
-------------------------------------------------------------------------------------------------
BEST FOODS COM 08658U101 2,313 31,800 SH
-------------------------------------------------------------------------------------------------
BEST FOODS COM 08658U101 167 2,300 SH
-------------------------------------------------------------------------------------------------
BLOCKBUSTER INC CL A 93679108 2,299 260,901 SH
-------------------------------------------------------------------------------------------------
BLOCKBUSTER INC CL A 93679108 1,859 210,926 SH
-------------------------------------------------------------------------------------------------
BLOCKBUSTER INC CL A 93679108 201 22,773 SH
-------------------------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS WT EXP 122200 162809115 - 28,490 SH
-------------------------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS WT EXP 122200 162809115 - 57,963 SH
-------------------------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS WT EXP 122200 162809115 - 8,513 SH
-------------------------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO COM 17453B101 7,211 536,643 SH
-------------------------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO COM 17453B101 5,168 384,597 SH
-------------------------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO COM 17453B101 468 34,856 SH
-------------------------------------------------------------------------------------------------
CITIZENS UTILS CO DEL CL B 177351202 1,987 36,620 SH
-------------------------------------------------------------------------------------------------
CITIZENS UTILS CO DEL CL B 177351202 3,453 63,648 SH
-------------------------------------------------------------------------------------------------
CITIZENS UTILS CO DEL CL B 177351202 721 13,297 SH
-------------------------------------------------------------------------------------------------
Page Total: 32,191
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
AT HOME CORP DEFINED 1 2,190,000
-----------------------------------------------------------------------------------
AT HOME CORP DEFINED 2 1,810,000
-----------------------------------------------------------------------------------
AT HOME CORP DEFINED 1,000,000
-----------------------------------------------------------------------------------
BEST FOODS DEFINED 1 40,900
-----------------------------------------------------------------------------------
BEST FOODS DEFINED 2 31,800
-----------------------------------------------------------------------------------
BEST FOODS DEFINED 2,300
-----------------------------------------------------------------------------------
BLOCKBUSTER INC DEFINED 1 260,901
-----------------------------------------------------------------------------------
BLOCKBUSTER INC DEFINED 2 210,926
-----------------------------------------------------------------------------------
BLOCKBUSTER INC DEFINED 22,773
-----------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS DEFINED 1 28,490
-----------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS DEFINED 2 57,963
-----------------------------------------------------------------------------------
CHECKERS DRIVE-IN RESTAURANTS DEFINED 8,513
-----------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO DEFINED 1 536,643
-----------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO DEFINED 2 384,597
-----------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS CO DEFINED 34,856
-----------------------------------------------------------------------------------
CITIZENS UTILS CO DEL DEFINED 1 36,620
-----------------------------------------------------------------------------------
CITIZENS UTILS CO DEL DEFINED 2 63,648
-----------------------------------------------------------------------------------
CITIZENS UTILS CO DEL DEFINED 13,297
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 4 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
COLUMBIA ENERGY GROUP COM 197648108 1,397 19,675 SH
-------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM 197648108 1,096 15,439 SH
-------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM 197648108 77 1086 SH
-------------------------------------------------------------------------------------------------
CONEXANT INC SUB NT CONV 4%07 207142AF7 14,378 20,092,000 PRN
-------------------------------------------------------------------------------------------------
CONEXANT INC SUB NT CONV 4%07 207142AF7 9,339 13,050,000 PRN
-------------------------------------------------------------------------------------------------
CONEXANT INC SUB NT CONV 4%07 207142AF7 972 1,358,000 PRN
-------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 15,193 30,500,000 PRN
-------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 10,834 21,750,000 PRN
-------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 1,370 2,750,000 PRN
-------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM 25429Q102 199 9,226 SH
-------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM 25429Q102 120 5,565 SH
-------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM 25429Q102 30 1,409 SH
-------------------------------------------------------------------------------------------------
DISNEY WALT CO COM DISNEY 254687106 712 18,625 SH
-------------------------------------------------------------------------------------------------
DISNEY WALT CO COM DISNEY 254687106 532 13,900 SH
-------------------------------------------------------------------------------------------------
DISNEY WALT CO COM DISNEY 254687106 95 2,475 SH
-------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW SUB NT CV4.875%07 278762AD1 7,425 5,625,000 PRN
-------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW SUB NT CV4.875%07 278762AD1 5,115 3,875,000 PRN
-------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW SUB NT CV4.875%07 278762AD1 660 500,000 PRN
-------------------------------------------------------------------------------------------------
Page Total: 69,544
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
COLUMBIA ENERGY GROUP DEFINED 1 19,675
-----------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP DEFINED 2 15,439
-----------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP DEFINED 1,086
-----------------------------------------------------------------------------------
CONEXANT INC DEFINED 1 20,092,000
-----------------------------------------------------------------------------------
CONEXANT INC DEFINED 2 13,050,000
-----------------------------------------------------------------------------------
CONEXANT INC DEFINED 1,358,000
-----------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC DEFINED 1 30,500,000
-----------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC DEFINED 2 21,750,000
-----------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC DEFINED 2,750,000
-----------------------------------------------------------------------------------
DIME BANCORP INC NEW DEFINED 1 9,226
-----------------------------------------------------------------------------------
DIME BANCORP INC NEW DEFINED 2 5,565
-----------------------------------------------------------------------------------
DIME BANCORP INC NEW DEFINED 1,409
-----------------------------------------------------------------------------------
DISNEY WALT CO DEFINED 1 18,625
-----------------------------------------------------------------------------------
DISNEY WALT CO DEFINED 2 13,900
-----------------------------------------------------------------------------------
DISNEY WALT CO DEFINED 2,475
-----------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW DEFINED 1 5,625,000
-----------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW DEFINED 2 3,875,000
-----------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS NEW DEFINED 500,000
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 5 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
EFFICIENT NETWORKS INC SUB NT CV 144A05 282056AA8 5,823 9,170,000 PRN
-------------------------------------------------------------------------------------------------
EFFICIENT NETWORKS INC SUB NT CV 144A05 282056AA8 3,981 6,270,000 PRN
-------------------------------------------------------------------------------------------------
EFFICIENT NETWORKS INC SUB NT CV 144A05 282056AA8 673 1,060,000 PRN
-------------------------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC CL A 284895109 2,415 284,082 SH
-------------------------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC CL A 284895109 1,555 182,990 SH
-------------------------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC CL A 284895109 160 18,828 SH
-------------------------------------------------------------------------------------------------
ELOT INC COM 290143106 155 95,250 SH
-------------------------------------------------------------------------------------------------
ELOT INC COM 290143106 121 74,500 SH
-------------------------------------------------------------------------------------------------
ELOT INC COM 290143106 8 5,250 SH
-------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL COM 31410H101 1,595 61,065 SH
-------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL COM 31410H101 1,151 44,042 SH
-------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL COM 31410H101 83 3,193 SH
-------------------------------------------------------------------------------------------------
FIRST AVIATION SVCS INC COM 31865W108 122 30,588 SH
-------------------------------------------------------------------------------------------------
FIRST AVIATION SVCS INC COM 31865W108 735 183,821 SH
-------------------------------------------------------------------------------------------------
FIRST AVIATION SVCS INC COM 31865W108 978 244,409 SH
-------------------------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC COM 361942105 1 27,050 SH
-------------------------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC COM 361942105 1 21,450 SH
-------------------------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC COM 361942105 - 1,500 SH
-------------------------------------------------------------------------------------------------
Page Total: 19,558
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
EFFICIENT NETWORKS INC DEFINED 1 9,170,000
-----------------------------------------------------------------------------------
EFFICIENT NETWORKS INC DEFINED 2 6,270,000
-----------------------------------------------------------------------------------
EFFICIENT NETWORKS INC DEFINED 1,060,000
-----------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC DEFINED 1 284,082
-----------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC DEFINED 2 182,990
-----------------------------------------------------------------------------------
ELECTRIC LIGHTWAVE INC DEFINED 18,828
-----------------------------------------------------------------------------------
ELOT INC DEFINED 1 95,250
-----------------------------------------------------------------------------------
ELOT INC DEFINED 2 74,500
-----------------------------------------------------------------------------------
ELOT INC DEFINED 5,250
-----------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL DEFINED 1 61,065
-----------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL DEFINED 2 44,042
-----------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL DEFINED 3,193
-----------------------------------------------------------------------------------
FIRST AVIATION SVCS INC DEFINED 1 30,588
-----------------------------------------------------------------------------------
FIRST AVIATION SVCS INC DEFINED 2 183,821
-----------------------------------------------------------------------------------
FIRST AVIATION SVCS INC DEFINED 244,409
-----------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC DEFINED 1 27,050
-----------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC DEFINED 2 21,450
-----------------------------------------------------------------------------------
GST TELECOMMINICATIONS INC DEFINED 1,500
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 6 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
GENERAL MTRS CORP CL H NEW 370442832 1,932 51,976 SH
-------------------------------------------------------------------------------------------------
GENERAL MTRS CORP CL H NEW 370442832 1,512 40,661 SH
-------------------------------------------------------------------------------------------------
GENERAL MTRS CORP CL H NEW 370442832 274 7,363 SH
-------------------------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW CL A 45662S102 343 10,400 SH
-------------------------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW CL A 45662S102 264 8,000 SH
-------------------------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW CL A 45662S102 53 1,600 SH
-------------------------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP SUB NT CV 144A07 460254AD7 17,292 19,015,000 PRN
-------------------------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP SUB NT CV 144A07 460254AD7 7,280 8,005,000 PRN
-------------------------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP SUB NT CV 144A07 460254AD7 891 980,000 PRN
-------------------------------------------------------------------------------------------------
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 4,321 4,208,000 PRN
-------------------------------------------------------------------------------------------------
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 3,426 3,336,000 PRN
-------------------------------------------------------------------------------------------------
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 468 456,000 PRN
-------------------------------------------------------------------------------------------------
LYCOS INC COM 550818108 5,711 83,050 SH
-------------------------------------------------------------------------------------------------
LYCOS INC COM 550818108 4,361 63,420 SH
-------------------------------------------------------------------------------------------------
LYCOS INC COM 550818108 312 4,530 SH
-------------------------------------------------------------------------------------------------
MAI SYSTEMS CORP COM 552620205 141 562,248 SH
-------------------------------------------------------------------------------------------------
MAI SYSTEMS CORP COM 552620205 158 632,276 SH
-------------------------------------------------------------------------------------------------
MAI SYSTEMS CORP COM 552620205 64 257,576 SH
-------------------------------------------------------------------------------------------------
Page Total: 48,803
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
GENERAL MTRS CORP DEFINED 1 51,976
-----------------------------------------------------------------------------------
GENERAL MTRS CORP DEFINED 2 40,661
-----------------------------------------------------------------------------------
GENERAL MTRS CORP DEFINED 7,363
-----------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW DEFINED 1 10,400
-----------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW DEFINED 2 8,000
-----------------------------------------------------------------------------------
INFINITY BROADCASTING CP NEW DEFINED 1,600
-----------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP DEFINED 1 19,015,000
-----------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP DEFINED 2 8,005,000
-----------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CORP DEFINED 980,000
-----------------------------------------------------------------------------------
INVITROGEN CORP DEFINED 1 4,208,000
-----------------------------------------------------------------------------------
INVITROGEN CORP DEFINED 2 3,336,000
-----------------------------------------------------------------------------------
INVITROGEN CORP DEFINED 456,000
-----------------------------------------------------------------------------------
LYCOS INC DEFINED 1 83,050
-----------------------------------------------------------------------------------
LYCOS INC DEFINED 2 63,420
-----------------------------------------------------------------------------------
LYCOS INC DEFINED 4,530
-----------------------------------------------------------------------------------
MAI SYSTEMS CORP DEFINED 1 562,248
-----------------------------------------------------------------------------------
MAI SYSTEMS CORP DEFINED 2 632,276
-----------------------------------------------------------------------------------
MAI SYSTEMS CORP DEFINED 257,576
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 7 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
MATTEL INC COM 577081102 1,070 95,650 SH
-------------------------------------------------------------------------------------------------
MATTEL INC COM 577081102 837 74,800 SH
-------------------------------------------------------------------------------------------------
MATTEL INC COM 577081102 107 9,550 SH
-------------------------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC PRF CONV % 591695200 552 24,250 SH
-------------------------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC PRF CONV % 591695200 274 12,050 SH
-------------------------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC PRF CONV % 591695200 23 1,000 SH
-------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP COM 62952P102 5,985 210,000 SH
-------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP COM 62952P102 4,382 153,750 SH
-------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP COM 62952P102 435 15,250 SH
-------------------------------------------------------------------------------------------------
NAVIGANT CONSULTING INC COM 63935N107 57 16,500 SH
-------------------------------------------------------------------------------------------------
NAVIGANT CONSULTING INC COM 63935N107 43 12,600 SH
-------------------------------------------------------------------------------------------------
NAVIGANT CONSULTING INC COM 63935N107 3 900 SH
-------------------------------------------------------------------------------------------------
NEWS CORP LTD ADR NEW 652487802 1,652 35,236 SH
-------------------------------------------------------------------------------------------------
NEWS CORP LTD ADR NEW 652487802 1,316 28,080 SH
-------------------------------------------------------------------------------------------------
NEWS CORP LTD ADR NEW 652487802 85 1,808 SH
-------------------------------------------------------------------------------------------------
NORDSTROM INC COM 655664100 648 41,650 SH
-------------------------------------------------------------------------------------------------
NORDSTROM INC COM 655664100 484 31,100 SH
-------------------------------------------------------------------------------------------------
NORDSTROM INC COM 655664100 35 2,250 SH
-------------------------------------------------------------------------------------------------
Page Total: 17,988
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
MATTEL INC DEFINED 1 95,650
-----------------------------------------------------------------------------------
MATTEL INC DEFINED 2 74,800
-----------------------------------------------------------------------------------
MATTEL INC DEFINED 9,550
-----------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC DEFINED 1 24,250
-----------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC DEFINED 2 12,050
-----------------------------------------------------------------------------------
METROMEDIA INTL GROUP INC DEFINED 1,000
-----------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP DEFINED 1 210,000
-----------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP DEFINED 2 153,750
-----------------------------------------------------------------------------------
NABISCO GROUP HLDG CORP DEFINED 15,250
-----------------------------------------------------------------------------------
NAVIGANT CONSULTING INC DEFINED 1 16,500
-----------------------------------------------------------------------------------
NAVIGANT CONSULTING INC DEFINED 2 12,600
-----------------------------------------------------------------------------------
NAVIGANT CONSULTING INC DEFINED 900
-----------------------------------------------------------------------------------
NEWS CORP LTD DEFINED 1 35,236
-----------------------------------------------------------------------------------
NEWS CORP LTD DEFINED 2 28,080
-----------------------------------------------------------------------------------
NEWS CORP LTD DEFINED 1,808
-----------------------------------------------------------------------------------
NORDSTROM INC DEFINED 1 41,650
-----------------------------------------------------------------------------------
NORDSTROM INC DEFINED 2 31,100
-----------------------------------------------------------------------------------
NORDSTROM INC DEFINED 2,250
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 8 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
NORTEK INC COM 656559101 4,036 230,639 SH
-------------------------------------------------------------------------------------------------
NORTEK INC COM 656559101 3,700 211,427 SH
-------------------------------------------------------------------------------------------------
NORTEK INC COM 656559101 165 9,434 SH
-------------------------------------------------------------------------------------------------
NOVELL INC COM 670006105 2,925 294,300 SH
-------------------------------------------------------------------------------------------------
NOVELL INC COM 670006105 2,329 234,350 SH
-------------------------------------------------------------------------------------------------
NOVELL INC COM 670006105 262 26,350 SH
-------------------------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS COM 68273G101 320 85,275 SH
-------------------------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS COM 68273G101 242 64,610 SH
-------------------------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS COM 68273G101 40 10,615 SH
-------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC COM 691471106 422 13,750 SH
-------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC COM 691471106 323 10,500 SH
-------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC COM 691471106 23 750 SH
-------------------------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC COM 704379106 17,991 321,275 SH
-------------------------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC COM 704379106 14,719 262,836 SH
-------------------------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC COM 704379106 1,183 21,124 SH
-------------------------------------------------------------------------------------------------
PINNACLE ENTMT INC COM 723456109 8,426 387,400 SH
-------------------------------------------------------------------------------------------------
PINNACLE ENTMT INC COM 723456109 6,671 306,700 SH
-------------------------------------------------------------------------------------------------
PINNACLE ENTMT INC COM 723456109 755 34,700 SH
-------------------------------------------------------------------------------------------------
Page Total: 64,532
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
NORTEK INC DEFINED 1 230,639
-----------------------------------------------------------------------------------
NORTEK INC DEFINED 2 211,427
-----------------------------------------------------------------------------------
NORTEK INC DEFINED 9,434
-----------------------------------------------------------------------------------
NOVELL INC DEFINED 1 294,300
-----------------------------------------------------------------------------------
NOVELL INC DEFINED 2 234,350
-----------------------------------------------------------------------------------
NOVELL INC DEFINED 26,350
-----------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS DEFINED 1 85,275
-----------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS DEFINED 2 64,610
-----------------------------------------------------------------------------------
ONLINE RES & COMMUNICATIONS DEFINED 10,615
-----------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC DEFINED 1 13,750
-----------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC DEFINED 2 10,500
-----------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC DEFINED 750
-----------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC DEFINED 1 321,275
-----------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC DEFINED 2 262,836
-----------------------------------------------------------------------------------
PAYLESS SHOESOURCE INC DEFINED 21,124
-----------------------------------------------------------------------------------
PINNACLE ENTMT INC DEFINED 1 387,400
-----------------------------------------------------------------------------------
PINNACLE ENTMT INC DEFINED 2 306,700
-----------------------------------------------------------------------------------
PINNACLE ENTMT INC DEFINED 34,700
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 9 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
QUEST COMMUNICATIONS INTL INC COM 749121109 1,710 35,583 SH
-------------------------------------------------------------------------------------------------
QUEST COMMUNICATIONS INTL INC COM 749121109 1,361 28,309 SH
-------------------------------------------------------------------------------------------------
QUEST COMMUNICATIONS INTL INC COM 749121109 98 2,037 SH
-------------------------------------------------------------------------------------------------
SDL INC COM 784076101 3,226 10,475 SH
-------------------------------------------------------------------------------------------------
SDL INC COM 784076101 2,279 7,400 SH
-------------------------------------------------------------------------------------------------
SDL INC COM 784076101 192 625 SH
-------------------------------------------------------------------------------------------------
SANMINA CORP SD CV ZRO 144A20 800907AC1 11,481 27,500,000 PRN
-------------------------------------------------------------------------------------------------
SANMINA CORP SD CV ZRO 144A20 800907AC1 8,350 20,000,000 PRN
-------------------------------------------------------------------------------------------------
SANMINA CORP SD CV ZRO 144A20 800907AC1 1,043 2,500,000 PRN
-------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY COM 811804103 34,589 501,294 SH
-------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY COM 811804103 25,374 367,734 SH
-------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY COM 811804103 2,040 29,572 SH
-------------------------------------------------------------------------------------------------
SEAGRAM LTD COM 811850106 2,743 47,750 SH
-------------------------------------------------------------------------------------------------
SEAGRAM LTD COM 811850106 2,010 35,000 SH
-------------------------------------------------------------------------------------------------
SEAGRAM LTD COM 811850106 416 7,250 SH
-------------------------------------------------------------------------------------------------
SEPRACOR INC SB DEB CONV 5%07 817315AL8 33,444 22,352,000 PRN
-------------------------------------------------------------------------------------------------
SEPRACOR INC SB DEB CONV 5%07 817315AL8 23,940 16,000,000 PRN
-------------------------------------------------------------------------------------------------
SEPRACOR INC SB DEB CONV 5%07 817315AL8 2,465 1,648,000 PRN
-------------------------------------------------------------------------------------------------
Page Total: 156,761
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
QUEST COMMUNICATIONS INTL INC DEFINED 1 35,583
-----------------------------------------------------------------------------------
QUEST COMMUNICATIONS INTL INC DEFINED 2 28,309
-----------------------------------------------------------------------------------
QUEST COMMUNICATIONS INTL INC DEFINED 2,037
-----------------------------------------------------------------------------------
SDL INC DEFINED 1 7,400
-----------------------------------------------------------------------------------
SDL INC DEFINED 2 625
-----------------------------------------------------------------------------------
SDL INC DEFINED 625
-----------------------------------------------------------------------------------
SANMINA CORP DEFINED 1 27,500,000
-----------------------------------------------------------------------------------
SANMINA CORP DEFINED 2 20,000,000
-----------------------------------------------------------------------------------
SANMINA CORP DEFINED 2,500,000
-----------------------------------------------------------------------------------
SEAGATE TECHNOLOGY DEFINED 1 501,294
-----------------------------------------------------------------------------------
SEAGATE TECHNOLOGY DEFINED 2 367,734
-----------------------------------------------------------------------------------
SEAGATE TECHNOLOGY DEFINED 29,572
-----------------------------------------------------------------------------------
SEAGRAM LTD DEFINED 1 47,750
-----------------------------------------------------------------------------------
SEAGRAM LTD DEFINED 2 35,000
-----------------------------------------------------------------------------------
SEAGRAM LTD DEFINED 7,250
-----------------------------------------------------------------------------------
SEPRACOR INC DEFINED 1 22,352,000
-----------------------------------------------------------------------------------
SEPRACOR INC DEFINED 2 16,000,000
-----------------------------------------------------------------------------------
SEPRACOR INC DEFINED 1,648,000
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 10 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
STATION CASINOS INC COM 857689103 712 50,000 SH
-------------------------------------------------------------------------------------------------
STATION CASINOS INC COM 857689103 533 37,400 SH
-------------------------------------------------------------------------------------------------
STATION CASINOS INC COM 857689103 165 11,600 SH
-------------------------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC COM 879433100 473 4,272 SH
-------------------------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC COM 879433100 355 3,208 SH
-------------------------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC COM 879433100 113 1,020 SH
-------------------------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS SUBNT CV 144A 07 880775AA9 7,474 11,250,000 PRN
-------------------------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS SUBNT CV 144A 07 880775AA9 5,149 7,750,000 PRN
-------------------------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS SUBNT CV 144A 07 880775AA9 664 1,000,000 PRN
-------------------------------------------------------------------------------------------------
TERRA NETWORKS S A COM 88100W103 303 8,250 SH
-------------------------------------------------------------------------------------------------
TERRA NETWORKS S A COM 88100W103 232 6,300 SH
-------------------------------------------------------------------------------------------------
TERRA NETWORKS S A COM 88100W103 17 450 SH
-------------------------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP COM 89336Q100 2,996 299,560 SH
-------------------------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP COM 89336Q100 2,756 275,646 SH
-------------------------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP COM 89336Q100 260 25,994 SH
-------------------------------------------------------------------------------------------------
TRANSWITCH CORP NT CV 144A4.5%05 894065AA9 3,340 2,725,000 PRN
-------------------------------------------------------------------------------------------------
TRANSWITCH CORP NT CV 144A4.5%05 894065AA9 2,482 2,025,000 PRN
-------------------------------------------------------------------------------------------------
TRANSWITCH CORP NT CV 144A4.5%05 894065AA9 306 250,000 PRN
-------------------------------------------------------------------------------------------------
Page Total: 28,330
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
STATION CASINOS INC DEFINED 1 50,000
-----------------------------------------------------------------------------------
STATION CASINOS INC DEFINED 2 37,400
-----------------------------------------------------------------------------------
STATION CASINOS INC DEFINED 11,600
-----------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC DEFINED 1 4,272
-----------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC DEFINED 2 3,208
-----------------------------------------------------------------------------------
TELEPHONE & DATA SYS INC DEFINED 1,020
-----------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS DEFINED 1 11,250,000
-----------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS DEFINED 2 7,750,000
-----------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS DEFINED 1,000,000
-----------------------------------------------------------------------------------
TERRA NETWORKS S A DEFINED 1 8,250
-----------------------------------------------------------------------------------
TERRA NETWORKS S A DEFINED 2 6,300
-----------------------------------------------------------------------------------
TERRA NETWORKS S A DEFINED 450
-----------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP DEFINED 1 299,560
-----------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP DEFINED 2 275,646
-----------------------------------------------------------------------------------
TRANS WORLD ENTMT CORP DEFINED 25,994
-----------------------------------------------------------------------------------
TRANSWITCH CORP DEFINED 1 2,725,000
-----------------------------------------------------------------------------------
TRANSWITCH CORP DEFINED 2 2,025,000
-----------------------------------------------------------------------------------
TRANSWITCH CORP DEFINED 250,000
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 11 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
UTI ENERGY CORP COM 903387108 516 11,557 SH
-------------------------------------------------------------------------------------------------
UTI ENERGY CORP COM 903387108 294 6,583 SH
-------------------------------------------------------------------------------------------------
UTI ENERGY CORP COM 903387108 74 1,673 SH
-------------------------------------------------------------------------------------------------
VAIL RESORTS INC COM 91879Q109 320 15,785 SH
-------------------------------------------------------------------------------------------------
VAIL RESORTS INC COM 91879Q109 268 13,240 SH
-------------------------------------------------------------------------------------------------
VAIL RESORTS INC COM 91879Q109 28 1,375 SH
-------------------------------------------------------------------------------------------------
VECTOR GROUP LTD COM 92240M108 680 39,118 SH
-------------------------------------------------------------------------------------------------
VECTOR GROUP LTD COM 92240M108 532 30,592 SH
-------------------------------------------------------------------------------------------------
VECTOR GROUP LTD COM 92240M108 77 4,418 SH
-------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP COM 928615103 1,277 11,000 SH
-------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP COM 928615103 975 8,400 SH
-------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP COM 928615103 70 600 SH
-------------------------------------------------------------------------------------------------
WHX CORP COM 929248102 479 319,295 SH
-------------------------------------------------------------------------------------------------
WHX CORP COM 929248102 355 236,896 SH
-------------------------------------------------------------------------------------------------
WHX CORP COM 929248102 32 21,109 SH
-------------------------------------------------------------------------------------------------
WHX CORP PFD CV SER A 929248201 325 49,500 SH
-------------------------------------------------------------------------------------------------
WHX CORP PFD CV SER A 929248201 248 37,800 SH
-------------------------------------------------------------------------------------------------
WHX CORP PFD CV SER A 929248201 18 2,700 SH
-------------------------------------------------------------------------------------------------
Page Total: 6,568
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
UTI ENERGY CORP DEFINED 1 11,557
-----------------------------------------------------------------------------------
UTI ENERGY CORP DEFINED 2 6,583
-----------------------------------------------------------------------------------
UTI ENERGY CORP DEFINED 1,673
-----------------------------------------------------------------------------------
VAIL RESORTS INC DEFINED 1 15,785
-----------------------------------------------------------------------------------
VAIL RESORTS INC DEFINED 2 13,240
-----------------------------------------------------------------------------------
VAIL RESORTS INC DEFINED 1,375
-----------------------------------------------------------------------------------
VECTOR GROUP LTD DEFINED 1 39,118
-----------------------------------------------------------------------------------
VECTOR GROUP LTD DEFINED 2 30,592
-----------------------------------------------------------------------------------
VECTOR GROUP LTD DEFINED 4,418
-----------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP DEFINED 1 11,000
-----------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP DEFINED 2 8,400
-----------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP DEFINED 600
-----------------------------------------------------------------------------------
WHX CORP DEFINED 1 319,295
-----------------------------------------------------------------------------------
WHX CORP DEFINED 2 236,896
-----------------------------------------------------------------------------------
WHX CORP DEFINED 21,109
-----------------------------------------------------------------------------------
WHX CORP DEFINED 1 49,500
-----------------------------------------------------------------------------------
WHX CORP DEFINED 2 37,800
-----------------------------------------------------------------------------------
WHX CORP DEFINED 2,700
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 12 of 12
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 9/30/00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Column 3: Column 4: Column 5:
Column 1: Column 2: CUSIP Fair Shares or SH/ Put/
Name of Issuer Title of Class Number Market Principal PRN Call
Value ($000) Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
WALTER INDS INC COM 93317Q105 2,908 327,720 SH
-------------------------------------------------------------------------------------------------
WALTER INDS INC COM 93317Q105 2,738 308,526 SH
-------------------------------------------------------------------------------------------------
WALTER INDS INC COM 93317Q105 295 33,254 SH
-------------------------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 2,536 39,863 SH
-------------------------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 2,011 31,600 SH
-------------------------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 349 5,492 SH
-------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW 989070503 230 80,125 SH
-------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW 989070503 235 81,668 SH
-------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW 989070503 15 5,307 SH
-------------------------------------------------------------------------------------------------
Page Total: 11,317
-------------------------------------------------------------------------------------------------
Grand Total: 549,847
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------
Column 6: Column 7: Column 8:
Column 1: Investment Other VOTING AUTHORITY
Name of Issuer Discretion Managers (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
WALTER INDS INC DEFINED 1 327,720
-----------------------------------------------------------------------------------
WALTER INDS INC DEFINED 2 308,526
-----------------------------------------------------------------------------------
WALTER INDS INC DEFINED 33,254
-----------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC DEFINED 1 39,863
-----------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC DEFINED 2 31,600
-----------------------------------------------------------------------------------
XM SATELLITE RADIO HLDGS INC DEFINED 5,492
-----------------------------------------------------------------------------------
ZAPATA CORP DEFINED 1 80,125
-----------------------------------------------------------------------------------
ZAPATA CORP DEFINED 2 81,668
-----------------------------------------------------------------------------------
ZAPATA CORP DEFINED 5,307
-----------------------------------------------------------------------------------
</TABLE>
