<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: 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: 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 8/11/2000
--------------------------------------------------------------------
[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>
[ ] 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: 214
---------------------------
Form 13F Information Table Value Total: $443,619
---------------------------
(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>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
AMC ENTMT INC COM 001669100 167 34,300 SH
AMC ENTMT INC COM 001669100 123 25,300 SH
AMC ENTMT INC COM 001669100 9 1800 SH
AT&T CORP COM 001957109 47 1,500 SH
AT&T CORP COM 001957109 186 5,889 SH
AT&T CORP COM 001957109 2 61 SH
AT&T CORP COM LIB GRP A 001957208 807 33,280 SH
AT&T CORP COM LIB GRP A 001957208 825 34,020 SH
AT&T CORP COM LIB GRP A 001957208 65 2,700 SH
ALKERMES INC SUB NT CV3.75%07 01642TAB4 6,584 7,700,000 PRN
ALKERMES INC SUB NT CV3.75%07 01642TAB4 5,002 5,850,000 PRN
ALKERMES INC SUB NT CV3.75%07 01642TAB4 385 450,000 PRN
ALLTEL CORP COM 020039103 669 10,800 SH
ALLTEL CORP COM 020039103 533 8,600 SH
ALLTEL CORP COM 020039103 37 600 SH
AMERICA ONLINE INC DEL COM 02364J104 3,003 56,925 SH
AMERICA ONLINE INC DEL COM 02364J104 2,358 44,700 SH
Page Total: 20,802
AMERICA ONLINE INC DEL COM 02364J104 178 3,375 SH
</TABLE>
<TABLE>
<CAPTION>
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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>
AMC ENTMT INC DEFINED 1 34,300
AMC ENTMT INC DEFINED 2 25,300
AMC ENTMT INC DEFINED 1,800
AT&T CORP DEFINED 1 1,500
AT&T CORP DEFINED 2 5,889
AT&T CORP DEFINED 61
AT&T CORP DEFINED 1 33,280
AT&T CORP DEFINED 2 34,020
AT&T CORP DEFINED 2,700
ALKERMES INC DEFINED 1 7,700,000
ALKERMES INC DEFINED 2 5,850,000
ALKERMES INC DEFINED 450,000
ALLTEL CORP DEFINED 1 10,800
ALLTEL CORP DEFINED 2 8,600
ALLTEL CORP DEFINED 600
AMERICA ONLINE INC DEL DEFINED 1 56,925
AMERICA ONLINE INC DEL DEFINED 2 44,700
AMERICA ONLINE INC DEL DEFINED 3,375
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 14,058 13,850,000 PRN
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 10,150 10,000,000 PRN
AMERICAN TOWER CORP NT CV ACRD 5%10 029912AF9 1,167 1,150,000 PRN
ANACOMP INC DEL COM 032371106 136 45,250 SH
ANACOMP INC DEL COM 032371106 109 36,250 SH
ANACOMP INC DEL COM 032371106 7 2,500 SH
ARGOSY GAMING CO COM 040228108 205 14,250 SH
ARGOSY GAMING CO COM 040228108 144 10,000 SH
ARGOSY GAMING CO COM 040228108 11 750 SH
AT HOME CORP SUB DB CV 144A 18 045919AD9 4,806 6,805,000 PRN
AT HOME CORP SUB DB CV 144A 18 045919AD9 3,584 5,075,000 PRN
AT HOME CORP SUB DB CV 144A 18 045919AD9 438 620,000 PRN
BCE INC COM 05534B109 902 37,900 SH
BCE INC COM 05534B109 722 30,300 SH
BCE INC COM 05534B109 43 1,800 SH
BEAS SYS INC SUB NT CV144A4%06 073325AC6 23,644 15,000,000 PRN
Page Total: 60,304
BEAS SYS INC SUB NT CV144A4%06 073325AC6 15,762 10,000,000 PRN
BEST FOODS COM 08658U101 2,832 40,900 SH
</TABLE>
<TABLE>
<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>
AMERICAN TOWER CORP DEFINED 1 13,850,000
AMERICAN TOWER CORP DEFINED 2 10,000,000
AMERICAN TOWER CORP DEFINED 1,150,000
ANACOMP INC DEL DEFINED 1 45,250
ANACOMP INC DEL DEFINED 2 36,250
ANACOMP INC DEL DEFINED 2,500
ARGOSY GAMING CO DEFINED 1 14,250
ARGOSY GAMING CO DEFINED 2 10,000
ARGOSY GAMING CO DEFINED 750
AT HOME CORP DEFINED 1 6,805,000
AT HOME CORP DEFINED 2 5,075,000
AT HOME CORP DEFINED 620,000
BCE INC DEFINED 1 37,900
BCE INC DEFINED 2 30,300
BCE INC DEFINED 1,800
BEAS SYS INC DEFINED 1 15,000,000
BEAS SYS INC DEFINED 2 10,000,000
BEST FOODS DEFINED 1 40,900
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
BEST FOODS COM 08658U101 2,202 31,800 SH
BEST FOODS COM 08658U101 159 2,300 SH
BLOCKBUSTER INC CL A 93679108 2,479 255,901 SH
BLOCKBUSTER INC CL A 93679108 2,022 208,726 SH
BLOCKBUSTER INC CL A 93679108 145 14,973 SH
BRUNSWICK CORP COM 117043109 644 38,880 SH
BRUNSWICK CORP COM 117043109 513 30,960 SH
BRUNSWICK CORP COM 117043109 36 2160 SH
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 137 8,250 SH
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 103 6,300 SH
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 7 450 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 10,434 604,873 SH
Page Total: 37,475
CITIZENS COMMUNICATIONS CO COM 17453B101 7,471 433,097 SH
CITIZENS COMMUNICATIONS CO COM 17453B101 485 28,126 SH
CITIZENS UTILS CO DEL CL B 177351202 2,230 33,100 SH
</TABLE>
<TABLE>
<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>
BEST FOODS DEFINED 2 31,800
BEST FOODS DEFINED 2,300
BLOCKBUSTER INC DEFINED 1 255,901
BLOCKBUSTER INC DEFINED 2 208,726
BLOCKBUSTER INC DEFINED 14,973
BRUNSWICK CORP DEFINED 1 38,880
BRUNSWICK CORP DEFINED 2 30,960
BRUNSWICK CORP DEFINED 2,160
CHARTER COMMUNICATIONS INC DEL DEFINED 1 8,250
CHARTER COMMUNICATIONS INC DEL DEFINED 2 6,300
CHARTER COMMUNICATIONS INC DEL DEFINED 450
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 1 604,873
CITIZENS COMMUNICATIONS CO DEFINED 2 433,097
CITIZENS COMMUNICATIONS CO DEFINED 28,126
CITIZENS UTILS CO DEL DEFINED 1 33,100
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
CITIZENS UTILS CO DEL CL B 177351202 4,107 60,960 SH
CITIZENS UTILS CO DEL CL B 177351202 1,410 20,940 SH
COLUMBIA ENERGY GROUP COM 197648108 4,326 65,913 SH
COLUMBIA ENERGY GROUP COM 197648108 3,389 51,651 SH
COLUMBIA ENERGY GROUP COM 197648108 239 3636 SH
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 11,086 10,750,000 PRN
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 8,353 8,100,000 PRN
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 1,186 1,150,000 PRN
DISNEY WALT CO COM DISNEY 254687106 221 5,700 SH
DISNEY WALT CO COM DISNEY 254687106 155 4,000 SH
DISNEY WALT CO COM DISNEY 254687106 12 300 SH
E TRADE GROUP INC SUB NT CV 144A07 269246AA2 10,129 11,100,000 PRN
E TRADE GROUP INC SUB NT CV 144A07 269246AA2 7,300 8,000,000 PRN
E TRADE GROUP INC SUB NT CV 144A07 269246AA2 821 900,000 PRN
Page Total: 62,920
ELECTRIC LIGHTWAVE INC CL A 284895109 4,993 267,172 SH
ELECTRIC LIGHTWAVE INC CL A 284895109 3,214 172,010 SH
ELECTRIC LIGHTWAVE INC CL A 284895109 238 12,718 SH
ELOT INC COM 290143106 178 95,250 SH
</TABLE>
<TABLE>
<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>
CITIZENS UTILS CO DEL DEFINED 2 60,960
CITIZENS UTILS CO DEL DEFINED 20,940
COLUMBIA ENERGY GROUP DEFINED 1 65,913
COLUMBIA ENERGY GROUP DEFINED 2 51,651
COLUMBIA ENERGY GROUP DEFINED 3,636
DIAMOND OFFSHORE DRILLING INC DEFINED 1 10,750,000
DIAMOND OFFSHORE DRILLING INC DEFINED 2 8,100,000
DIAMOND OFFSHORE DRILLING INC DEFINED 1,150,000
DISNEY WALT CO DEFINED 1 5,700
DISNEY WALT CO DEFINED 2 4,000
DISNEY WALT CO DEFINED 300
E TRADE GROUP INC DEFINED 1 11,100,000
E TRADE GROUP INC DEFINED 2 8,000,000
E TRADE GROUP INC DEFINED 900,000
ELECTRIC LIGHTWAVE INC DEFINED 1 267,172
ELECTRIC LIGHTWAVE INC DEFINED 2 172,010
ELECTRIC LIGHTWAVE INC DEFINED 12,718
ELOT INC DEFINED 1 95,250
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
ELOT INC COM 290143106 140 74,500 SH
ELOT INC COM 290143106 10 5,250 SH
FEDERATED DEPT STORES INC DEL COM 31410H101 2,231 66,115 SH
FEDERATED DEPT STORES INC DEL COM 31410H101 1,696 50,242 SH
FEDERATED DEPT STORES INC DEL COM 31410H101 123 3,643 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 2 27,050 SH
GST TELECOMMINICATIONS INC COM 361942105 1 21,450 SH
GST TELECOMMINICATIONS INC COM 361942105 - 1,500 SH
GENERAL MTRS CORP CL H NEW 370442832 1,437 16,375 SH
GENERAL MTRS CORP CL H NEW 370442832 1,105 12,600 SH
Page Total: 17,203
GENERAL MTRS CORP CL H NEW 370442832 90 1,025 SH
HARRAHS ENTMT INC COM 413619107 2,191 104,650 SH
HARRAHS ENTMT INC COM 413619107 1,756 83,850 SH
HARRAHS ENTMT INC COM 413619107 136 6,500 SH
HOLLYWOOD ENTMT CORP COM 436141105 770 99,357 SH
</TABLE>
<TABLE>
<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>
ELOT INC DEFINED 2 74,500
ELOT INC DEFINED 5,250
FEDERATED DEPT STORES INC DEL DEFINED 1 66,115
FEDERATED DEPT STORES INC DEL DEFINED 2 50,242
FEDERATED DEPT STORES INC DEL DEFINED 3,643
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
GENERAL MTRS CORP DEFINED 1 16,375
GENERAL MTRS CORP DEFINED 2 12,600
GENERAL MTRS CORP DEFINED 1,025
HARRAHS ENTMT INC DEFINED 1 104,650
HARRAHS ENTMT INC DEFINED 2 83,850
HARRAHS ENTMT INC DEFINED 6,500
HOLLYWOOD ENTMT CORP DEFINED 1 99,357
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
HOLLYWOOD ENTMT CORP COM 436141105 668 86,238 SH
HOLLYWOOD ENTMT CORP COM 436141105 46 5,905 SH
INTERMEDIA COMMUNICATIONS INC COM 458801107 327 11,000 SH
INTERMEDIA COMMUNICATIONS INC COM 458801107 250 8,400 SH
INTERMEDIA COMMUNICATIONS INC COM 458801107 18 600 SH
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 11,098 10,520,000 PRN
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 8,799 8,340,000 PRN
INVITROGEN CORP SUB NT CV 144A07 46185RAA8 1,203 1,140,000 PRN
KROLL O GARA CO COM 501050108 118 17,600 SH
KROLL O GARA CO COM 501050108 90 13,440 SH
KROLL O GARA CO COM 501050108 6 960 SH
LODGENET ENTMT CORP COM 540211109 1,146 47,250 SH
Page Total: 28,712
LODGENET ENTMT CORP COM 540211109 912 37,625 SH
LODGENET ENTMT CORP COM 540211109 64 2,625 SH
LYCOS INC COM 550818108 1,485 27,500 SH
LYCOS INC COM 550818108 1,134 21,000 SH
LYCOS INC COM 550818108 81 1,500 SH
MATTEL INC COM 577081102 1,290 97,800 SH
</TABLE>
<TABLE>
<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>
HOLLYWOOD ENTMT CORP DEFINED 2 86,238
HOLLYWOOD ENTMT CORP DEFINED 5,905
INTERMEDIA COMMUNICATIONS INC DEFINED 1 11,000
INTERMEDIA COMMUNICATIONS INC DEFINED 2 8,400
INTERMEDIA COMMUNICATIONS INC DEFINED 600
INVITROGEN CORP DEFINED 1 10,520,000
INVITROGEN CORP DEFINED 2 8,340,000
INVITROGEN CORP DEFINED 1,140,000
KROLL O GARA CO DEFINED 1 17,600
KROLL O GARA CO DEFINED 2 13,440
KROLL O GARA CO DEFINED 960
LODGENET ENTMT CORP DEFINED 1 47,250
LODGENET ENTMT CORP DEFINED 2 37,625
LODGENET ENTMT CORP DEFINED 2,625
LYCOS INC DEFINED 1 27,500
LYCOS INC DEFINED 2 21,000
LYCOS INC DEFINED 1,500
MATTEL INC DEFINED 1 97,800
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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 1,013 76,800 SH
MATTEL INC COM 577081102 71 5,400 SH
MEDIAONE GROUP INC COM 58440J104 1,812 27,500 SH
MEDIAONE GROUP INC COM 58440J104 1,384 21,000 SH
MEDIAONE GROUP INC COM 58440J104 99 1,500 SH
METROMEDIA INTL GROUP INC PRF CONV % 591695200 679 24,250 SH
METROMEDIA INTL GROUP INC PRF CONV % 591695200 337 12,050 SH
METROMEDIA INTL GROUP INC PRF CONV % 591695200 28 1,000 SH
NABISCO GROUP HLDG CORP COM 62952P102 2,245 86,550 SH
NABISCO GROUP HLDG CORP COM 62952P102 1,655 63,800 SH
NABISCO GROUP HLDG CORP COM 62952P102 121 4,650 SH
Page Total: 14,410
NAVIGANT CONSULTING INC COM 63935N107 70 16,500 SH
NAVIGANT CONSULTING INC COM 63935N107 53 12,600 SH
NAVIGANT CONSULTING INC COM 63935N107 4 900 SH
NEWS CORP LTD ADR NEW 652487802 4,698 98,906 SH
NEWS CORP LTD ADR NEW 652487802 3,842 80,880 SH
NEWS CORP LTD ADR NEW 652487802 253 5,338 SH
NORDSTROM INC COM 655664100 867 35,950 SH
</TABLE>
<TABLE>
<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 2 76,800
MATTEL INC DEFINED 5,400
MEDIAONE GROUP INC DEFINED 1 27,500
MEDIAONE GROUP INC DEFINED 2 21,000
MEDIAONE GROUP INC DEFINED 1,500
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 86,550
NABISCO GROUP HLDG CORP DEFINED 2 63,800
NABISCO GROUP HLDG CORP DEFINED 4,650
NAVIGANT CONSULTING INC DEFINED 1 16,500
NAVIGANT CONSULTING INC DEFINED 2 12,600
NAVIGANT CONSULTING INC DEFINED 900
NEWS CORP LTD DEFINED 1 98,906
NEWS CORP LTD DEFINED 2 80,880
NEWS CORP LTD DEFINED #REF!
NORDSTROM INC DEFINED 1 35,950
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
NORDSTROM INC COM 655664100 654 27,100 SH
NORDSTROM INC COM 655664100 47 1,950 SH
NORTEK INC COM 656559101 4,555 230,639 SH
NORTEK INC COM 656559101 4,176 211,427 SH
NORTEK INC COM 656559101 147 7,434 SH
NOVELL INC COM 670006105 2,722 294,300 SH
NOVELL INC COM 670006105 2,168 234,350 SH
NOVELL INC COM 670006105 151 16,350 SH
ONLINE RES & COMMUNICATIONS COM 68273G101 414 64,350 SH
ONLINE RES & COMMUNICATIONS COM 68273G101 316 49,140 SH
Page Total: 25,137
ONLINE RES & COMMUNICATIONS COM 68273G101 23 3,510 SH
OXFORD HEALTH PLANS INC COM 691471106 327 13,750 SH
OXFORD HEALTH PLANS INC COM 691471106 250 10,500 SH
OXFORD HEALTH PLANS INC COM 691471106 18 750 SH
PAXSON COMMUNICATIONS CORP COM 704231109 919 114,888 SH
PAXSON COMMUNICATIONS CORP COM 704231109 618 77,270 SH
PAXSON COMMUNICATIONS CORP COM 704231109 56 6,942 SH
PAYLESS SHOESOURCE INC COM 704379106 18,150 347,775 SH
</TABLE>
<TABLE>
<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>
NORDSTROM INC DEFINED 2 27,100
NORDSTROM INC DEFINED #REF!
NORTEK INC DEFINED 1 230,639
NORTEK INC DEFINED 2 211,427
NORTEK INC DEFINED 7,434
NOVELL INC DEFINED 1 294,300
NOVELL INC DEFINED 2 234,350
NOVELL INC DEFINED 16,350
ONLINE RES & COMMUNICATIONS DEFINED 1 64,350
ONLINE RES & COMMUNICATIONS DEFINED 2 49,140
ONLINE RES & COMMUNICATIONS DEFINED 3,510
OXFORD HEALTH PLANS INC DEFINED 1 13,750
OXFORD HEALTH PLANS INC DEFINED 2 10,500
OXFORD HEALTH PLANS INC DEFINED 750
PAXSON COMMUNICATIONS CORP DEFINED 1 114,888
PAXSON COMMUNICATIONS CORP DEFINED 2 77,270
PAXSON COMMUNICATIONS CORP DEFINED 6,942
PAYLESS SHOESOURCE INC DEFINED 1 347,775
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
PAYLESS SHOESOURCE INC COM 704379106 14,852 284,596 SH
PAYLESS SHOESOURCE INC COM 704379106 984 18,864 SH
PINNACLE ENTMT INC COM 723456109 7,530 387,400 SH
PINNACLE ENTMT INC COM 723456109 5,961 306,700 SH
PINNACLE ENTMT INC COM 723456109 402 20,700 SH
QUEST COMMUNICATIONS INTL INC COM 749121109 1,744 35,100 SH
QUEST COMMUNICATIONS INTL INC COM 749121109 1,389 27,950 SH
QUEST COMMUNICATIONS INTL INC COM 749121109 97 1,950 SH
READ RITE CORP SUB NT CV 10%04 755246AB1 187 340,000 PRIN
Page Total: 53,507
READ RITE CORP SUB NT CV 10%04 755246AB1 170 310,000 PRIN
SEAGATE TECHNOLOGY COM 811804103 25,331 460,572 SH
SEAGATE TECHNOLOGY COM 811804103 18,997 345,394 SH
SEAGATE TECHNOLOGY COM 811804103 1,091 19,834 SH
SEAGRAM LTD COM 811850106 998 17,200 SH
SEAGRAM LTD COM 811850106 708 12,200 SH
SEAGRAM LTD COM 811850106 35 600 SH
TELE SUDESTE CELULAR PART S A SPON ADR PFD 879252104 1,372 29,500 SH
TELE SUDESTE CELULAR PART S A SPON ADR PFD 879252104 1,116 24,000 SH
</TABLE>
<TABLE>
<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>
PAYLESS SHOESOURCE INC DEFINED 2 284,596
PAYLESS SHOESOURCE INC DEFINED 18,864
PINNACLE ENTMT INC DEFINED 1 387,400
PINNACLE ENTMT INC DEFINED 2 306,700
PINNACLE ENTMT INC DEFINED 20,700
QUEST COMMUNICATIONS INTL INC DEFINED 1 35,100
QUEST COMMUNICATIONS INTL INC DEFINED 2 27,950
QUEST COMMUNICATIONS INTL INC DEFINED 1,950
READ RITE CORP DEFINED 1 340,000
READ RITE CORP DEFINED 2 310,000
SEAGATE TECHNOLOGY DEFINED 1 345,394
SEAGATE TECHNOLOGY DEFINED 2 19,834
SEAGATE TECHNOLOGY DEFINED 19,834
SEAGRAM LTD DEFINED 1 17,200
SEAGRAM LTD DEFINED 2 12,200
SEAGRAM LTD DEFINED 600
TELE SUDESTE CELULAR PART S A DEFINED 1 29,500
TELE SUDESTE CELULAR PART S A DEFINED 2 24,000
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
TELE SUDESTE CELULAR PART S A SPON ADR PFD 879252104 70 1,500 SH
TELECOMUNICACOES DE SAO PAULO SPON ADR PFD 87929A102 434 15,660 SH
TELECOMUNICACOES DE SAO PAULO SPON ADR PFD 87929A102 345 12,470 SH
TELECOMUNICACOES DE SAO PAULO SPON ADR PFD 87929A102 24 870 SH
TENET HEALTHCARE CORP COM 88033G100 220 8,147 SH
TENET HEALTHCARE CORP COM 88033G100 208 7,697 SH
TENET HEALTHCARE CORP COM 88033G100 20 756 SH
TRANS WORLD ENTMT CORP COM 89336Q100 3,763 310,310 SH
Page Total: 54,902
TRANS WORLD ENTMT CORP COM 89336Q100 2,445 284,146 SH
TRANS WORLD ENTMT CORP COM 89336Q100 324 26,744 SH
TRIQUINT SEMINCONDUCTOR INC SUB NT CV 4%07 89674KAB9 10,051 11,000,000 PRN
TRIQUINT SEMINCONDUCTOR INC SUB NT CV 4%07 89674KAB9 7,538 8,250,000 PRN
TRIQUINT SEMINCONDUCTOR INC SUB NT CV 4%07 89674KAB9 685 750,000 PRN
UTI ENERGY CORP COM 903387108 576 14,357 SH
UTI ENERGY CORP COM 903387108 328 8,178 SH
UTI ENERGY CORP COM 903387108 124 3,104 SH
U S WEST INC NEW COM 91273H101 4,631 54,000 SH
U S WEST INC NEW COM 91273H101 3,687 43,000 SH
</TABLE>
<TABLE>
<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>
TELE SUDESTE CELULAR PART S A DEFINED 1,500
TELECOMUNICACOES DE SAO PAULO DEFINED 1 15,660
TELECOMUNICACOES DE SAO PAULO DEFINED 2 12,470
TELECOMUNICACOES DE SAO PAULO DEFINED 870
TENET HEALTHCARE CORP DEFINED 1 8,147
TENET HEALTHCARE CORP DEFINED 2 7,697
TENET HEALTHCARE CORP DEFINED 756
TRANS WORLD ENTMT CORP DEFINED 1 310,310
TRANS WORLD ENTMT CORP DEFINED 2 284,146
TRANS WORLD ENTMT CORP DEFINED 26,744
TRIQUINT SEMINCONDUCTOR INC DEFINED 1 11,000,000
TRIQUINT SEMINCONDUCTOR INC DEFINED 2 8,250,000
TRIQUINT SEMINCONDUCTOR INC DEFINED 750,000
UTI ENERGY CORP DEFINED 1 14,357
UTI ENERGY CORP DEFINED 2 8,178
UTI ENERGY CORP DEFINED 3,104
U S WEST INC NEW DEFINED 1 54,000
U S WEST INC NEW DEFINED 2 43,000
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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>
U S WEST INC NEW COM 91273H101 257 3000 SH
VAIL RESORTS INC COM 91879Q109 1,084 66,450 SH
VAIL RESORTS INC COM 91879Q109 918 56,250 SH
VAIL RESORTS INC COM 91879Q109 86 5,300 SH
VECTOR GROUP LTD COM 92240M108 1,721 116,685 SH
VECTOR GROUP LTD COM 92240M108 1,296 87,890 SH
VECTOR GROUP LTD COM 92240M108 98 6,625 SH
Page Total: 35,849
VERIO INC COM 923433106 4,390 79,120 SH
VERIO INC COM 923433106 3,152 56,800 SH
VERIO INC COM 923433106 226 4080 SH
WHX CORP COM 929248102 1,701 309,295 SH
WHX CORP COM 929248102 1,248 226,896 SH
WHX CORP COM 929248102 89 16,109 SH
WHX CORP PFD CV SER A 929248201 1,070 49,500 SH
WHX CORP PFD CV SER A 929248201 817 37,800 SH
WHX CORP PFD CV SER A 929248201 58 2,700 SH
WALTER INDS INC COM 93317Q105 3,226 282,070 SH
WALTER INDS INC COM 93317Q105 3,338 291,826 SH
</TABLE>
<TABLE>
<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>
U S WEST INC NEW DEFINED 3,000
VAIL RESORTS INC DEFINED 1 66,450
VAIL RESORTS INC DEFINED 2 56,250
VAIL RESORTS INC DEFINED 5,300
VECTOR GROUP LTD DEFINED 1 116,685
VECTOR GROUP LTD DEFINED 2 87,890
VECTOR GROUP LTD DEFINED 6,625
VERIO INC DEFINED 1 79,120
VERIO INC DEFINED 2 56,800
VERIO INC DEFINED 4,080
WHX CORP DEFINED 1 309,295
WHX CORP DEFINED 2 226,896
WHX CORP DEFINED 16,109
WHX CORP DEFINED 1 49,500
WHX CORP DEFINED 2 37,800
WHX CORP DEFINED 2,700
WALTER INDS INC DEFINED 1 282,070
WALTER INDS INC DEFINED 2 291,826
</TABLE>
<PAGE>
Name of Reporting Manager: Canyon Capital Advisors, LLC
as of 6/30/00
<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 201 17,604 SH
WELLS FARGO & CO NEW COM 949746101 884 22,800 SH
WELLS FARGO & CO NEW COM 949746101 620 16,000 SH
WELLS FARGO & CO NEW COM 949746101 47 1,200 SH
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 2,473 45,063 SH
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 1,954 35,600 SH
Page Total: 25,494
XM SATELLITE RADIO HLDGS INC PFD CV B 8.25% 983759200 375 6,837 SH
ZAPATA CORP COM NEW 989070503 250 80,125 SH
ZAPATA CORP COM NEW 989070503 255 81,668 SH
ZAPATA CORP COM NEW 989070503 17 5,307 SH
GLOBAL CROSSING LTD PFD CV 6.75% G3921A134 3,028 13,750 SH
GLOBAL CROSSING LTD PFD CV 6.75% G3921A134 2,258 10,250 SH
GLOBAL CROSSING LTD PFD CV 6.75% G3921A134 220 1,000 SH
SUN INTL HOTELS LTD ORD P8797T133 285 14,250 SH
SUN INTL HOTELS LTD ORD P8797T133 200 1,000 SH
SUN INTL HOTELS LTD ORD P8797T133 15 750 SH
Page Total: 6,903
Grand Total: 443,619
</TABLE>
<TABLE>
<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 17,604
WELLS FARGO & CO NEW DEFINED 1 22,800
WELLS FARGO & CO NEW DEFINED 2 16,000
WELLS FARGO & CO NEW DEFINED 1,200
XM SATELLITE RADIO HLDGS INC DEFINED 1 45,063
XM SATELLITE RADIO HLDGS INC DEFINED 2 35,600
XM SATELLITE RADIO HLDGS INC DEFINED 6,837
ZAPATA CORP DEFINED 1 80,125
ZAPATA CORP DEFINED 2 81,668
ZAPATA CORP DEFINED 5,307
GLOBAL CROSSING LTD DEFINED 1 13,750
GLOBAL CROSSING LTD DEFINED 2 10,250
GLOBAL CROSSING LTD DEFINED 1,000
SUN INTL HOTELS LTD DEFINED 1 14,250
SUN INTL HOTELS LTD DEFINED 2 1,000
SUN INTL HOTELS LTD DEFINED 750
</TABLE>
