BECK, MACK & OLIVER LLC
330 MADISON AVENUE
NEW YORK, N.Y. 10017-5001
FORM 13F
Report for the quarter ended: June 30, 2000
Name of Institutional Manager: Beck, Mack & Oliver LLC
Address: 330 Madison Avenue, New York, NY 10017-5001
Name. Phone Number and Title of Person Duly Authorized to Submit This Report:
ROBERT C. BECK, SENIOR MEMBER 212 661-2640
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of
this Form and that the submission of any amendments represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to section 13F of the Securities Exchange Act of 1934 and rules
thereunder, the undersigned institutional investment manager has caused this
report to be signed on its behalf in the City of New York and State of
New York on the 31st day of July, 2000.
BECK. MACK & OLIVER. LLC
Name of Institutional Manager
ROBERT C. BECK
Manual Signature of Person Duly Authorized to
Submit This Report
<PAGE>
FORM 13 F SUMMARY PAGE
NUMBER OF OTHER INCLUDED MANAGERS: 6
FORM 13F INFORMATION TABLE ENTRY TOTAL: 235
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,183,675,772
Name and 13F file numbers of all Institutional Investment
Managers with respect to which this schedule is filed (other
than the one filing this report)
1) John C. Beck
2) Robert J. Campbell
3) M. Gerald Sedam II
4) Dan I. Abrams
5) Jonathan D. Gross
6) Walter K. Giles
<PAGE>
<TABLE> <S> <S <S> <S> <S> <S> <S> <S> <S> <S>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV
DSC MANAGERS SOLE SHARED NONE
AGCO CORP COMMON 001084102 8642 705500 SH SOLE 0 0 705500
AT&T CORP COMMON 001957109 5956 188324 SH SOLE 0 0 188324
AT&T CP. LIB.MEDIA GR A COM 001957208 51983 2143649 SH SOLE 0 0 2143649
AT&T CP. LIB.MEDIA GR B COMMON 001957307 2506 77098 SH SOLE 0 0 77098
ABBOTT LABS COMMON 002824100 86736 1946382 SH SOLE 0 0 1946382
AETNA INC COMMON 008117103 17925 279266 SH SOLE 0 0 279266
AGILENT TECHNOLOGIES INC COMMON 00846U101 1856 25165 SH SOLE 0 0 25165
AGRIBRANDS INTL INC COMMON 00849R105 445 10600 SH SOLE 0 0 10600
ALLEGHANY CORP DEL COMMON 017175100 3536 21048 SH SOLE 0 0 21048
ALLERGAN INC COMMON 018490102 577 7746 SH SOLE 0 0 7746
ALLIED HLDGS INC COMMON 019223106 6844 1140739 SH SOLE 0 0 1140739
ALLSTATE CORP COMMON 020002101 388 17457 SH SOLE 0 0 17457
ALLTEL CORP COMMON 020039103 664 10719 SH SOLE 0 0 10719
AMERADA HESS CORP COMMON 023551104 23986 388445 SH SOLE 0 0 388445
AMERICAN EXPRESS CO COMMON 025816109 58909 1130152 SH SOLE 0 0 1130152
AMERICAN HOME PRODS CORP COMMON 026609107 1703 28989 SH SOLE 0 0 28989
AMERICAN INTL GROUP INC COMMON 026874107 220699 1878289 SH SOLE 0 0 1878289
AMERICAN SUPERCONDUCTOR COMMON 030111108 290 6000 SH SOLE 0 0 6000
AMSOUTH BANCORPORATION COMMON 032165102 196 12432 SH SOLE 0 0 12432
ANALOG DEVICES INC COMMON 032654105 1142 15029 SH SOLE 0 0 15029
ARCH CAP GROUP LTD COMMON 03937L105 13093 876500 SH SOLE 0 0 876500
AUTOMATIC DATA PROCESSIN COMMON 053015103 1462 27298 SH SOLE 0 0 27298
AVERY DENNISON CORP COMMON 053611109 324 4833 SH SOLE 0 0 4833
AVER STAR COMMON 053990107 0 14635 SH SOLE 0 0 14635
BP AMOCO PLC SPON.ADR . 055622104 9409 166346 SH SOLE 0 0 166346
BSB BANCORP COMMON 055652101 10134 505111 SH SOLE 0 0 505111
BANK NEW YORK INC COMMON 064057102 4676 100556 SH SOLE 0 0 100556
BANK ONE CORP COMMON 06423A103 275 10348 SH SOLE 0 0 10348
BANKNORTH GROUP INC NEW COMMON 06646R107 2639 172345 SH SOLE 0 0 172345
BAXTER INTL INC COMMON 071813109 1551 22054 SH SOLE 0 0 22054
BELDEN INC COMMON 077459105 4337 169250 SH SOLE 0 0 169250
BELL ATLANTIC CORP COMMON 077853109 557 10957 SH SOLE 0 0 10957
BELLSOUTH CORP COMMON 079860102 958 22486 SH SOLE 0 0 22486
BERKSHIRE HATHAWAY INC CL A 084670108 968 18 SH SOLE 0 0 18
BERKSHIRE HATHAWAY CL B COMMON 084670207 54551 30995 SH SOLE 0 0 30995
BESTFOODS COMMON 08658U101 3277 47322 SH SOLE 0 0 47322
BOEING CO COMMON 097023105 207 4943 SH SOLE 0 0 4943
BRADY CORP CL A 104674106 11425 351550 SH SOLE 0 0 351550
BRISTOL MYERS SQUIBB CO COMMON 110122108 6067 104146 SH SOLE 0 0 104146
BROWN FORMAN CORP CL A 115637100 277 5250 SH SOLE 0 0 5250
BURLINGTON NOR.SANTA FE COMMON 12189T104 2234 97391 SH SOLE 0 0 97391
BURLINGTON RES INC COMMON 122014103 44889 1173564 SH SOLE 0 0 1173564
CSF HLDGS INC ESCROW COMMON 126335991 0 44125 SH SOLE 0 0 44125
CVS CORP COMMON 126650100 371 9278 SH SOLE 0 0 9278
CALIFORNIA MINERALS LP COMMON 130991102 209 209196 SH SOLE 0 0 209196
CARDXX INC COMMON 141618108 23 30000 SH SOLE 0 0 30000
CHARTER ONE FINL INC COMMON 160903100 931 40473 SH SOLE 0 0 40473
CHASE MANHATTAN CORP NEW COMMON 16161A108 225 4884 SH SOLE 0 0 4884
CHEMFAB CORP COMMON 16361L102 2212 186250 SH SOLE 0 0 186250
CHESAPEAKE ENERGY CORP COMMON 165167107 88 11310 SH SOLE 0 0 11310
CHEVRON CORPORATION COMMON 166751107 3358 39592 SH SOLE 0 0 39592
CHUBB CORP COMMON 171232101 2278 37039 SH SOLE 0 0 37039
CISCO SYS INC COMMON 17275R102 944 14852 SH SOLE 0 0 14852
CINTAS CORP COMMON 172908105 881 24000 SH SOLE 0 0 24000
CITIGROUP INC COMMON 172967101 5955 98844 SH SOLE 0 0 98844
COCA COLA CO COMMON 191216100 11560 201257 SH SOLE 0 0 201257
COHERENT INC COMMON 192479103 310 3700 SH SOLE 0 0 3700
COLGATE PALMOLIVE CO COMMON 194162103 508 8488 SH SOLE 0 0 8488
COMCAST CORP CL A 200300101 225 5800 SH SOLE 0 0 5800
COMCAST CP CL A SPL COMMON 200300200 780 19250 SH SOLE 0 0 19250
COMERICA INC COMMON 200340107 337 7519 SH SOLE 0 0 7519
COMMERCE BANCSHARES INC COMMON 200525103 625 20998 SH SOLE 0 0 20998
COMPUTER SCIENCES CORP COMMON 205363104 344 4610 SH SOLE 0 0 4610
CONCORDIA PAPER HLDGS LT SPONSORED ADR 206575102 8 20000 SH SOLE 0 0 20000
CONSOLIDATED EDISON INC COMMON 209115104 312 10529 SH SOLE 0 0 10529
CORNING INC COMMON 219350105 270 1000 SH SOLE 0 0 1000
COVANCE INC COMMON 222816100 415 47082 SH SOLE 0 0 47082
COX COMMUNICATIONS INC N CL A 224044107 459 10068 SH SOLE 0 0 10068
CRANE CO COMMON 224399105 18239 750194 SH SOLE 0 0 750194
DALLAS SEMICONDUCTOR COR COMMON 235204104 305 7480 SH SOLE 0 0 7480
DIME BANCORP INC NEW COMMON 25429Q102 12132 770312 SH SOLE 0 0 770312
DISNEY WALT CO COM DISNEY 254687106 3890 100237 SH SOLE 0 0 100237
DOVER CORP COMMON 260003108 23509 579577 SH SOLE 0 0 579577
DOW CHEM CO COMMON 260543103 1031 34143 SH SOLE 0 0 34143
DU PONT E I DE NEMOURS & COMMON 263534109 2288 52292 SH SOLE 0 0 52292
DYNATECH CORP NEW COMMON 268140100 247 13600 SH SOLE 0 0 13600
E M C CORP MASS COMMON 268648102 708 9200 SH SOLE 0 0 9200
EASTMAN KODAK CO COMMON 277461109 932 15670 SH SOLE 0 0 15670
EL PASO ENERGY CORP DEL COMMON 283905107 457 8981 SH SOLE 0 0 8981
EMERSON ELEC CO COMMON 291011104 15633 258926 SH SOLE 0 0 258926
ENRON CORP COMMON 293561106 510 7902 SH SOLE 0 0 7902
ERICSSON TEL CLB ADR SEK10 294821400 1756 87800 SH SOLE 0 0 87800
EXXON MOBIL CORP COMMON 30231G102 41926 534090 SH SOLE 0 0 534090
FNB FINANCIAL SERVICES C COMMON 302526108 842 64800 SH SOLE 0 0 64800
FEDERAL HOME LN MTG CORP COMMON 313400301 423 10440 SH SOLE 0 0 10440
FANNIE MAE COMMON 313586109 1825 34966 SH SOLE 0 0 34966
FEDEX CORP COMMON 31428X106 37997 999910 SH SOLE 0 0 999910
FIRST SEC CORP DEL COMMON 336294103 5258 387669 SH SOLE 0 0 387669
FIRSTAR CORP NEW WIS COMMON 33763V109 1063 50450 SH SOLE 0 0 50450
FLEETBOSTON FINL CORP COMMON 339030108 205 6035 SH SOLE 0 0 6035
FORD MTR CO DEL COMMON 345370100 392 9107 SH SOLE 0 0 9107
FREMONT GEN CORP COMMON 357288109 272 69000 SH SOLE 0 0 69000
FRONTLINE CAP GROUP COMMON 35921N101 621 29160 SH SOLE 0 0 29160
GTE CORP COMMON 362320103 772 12394 SH SOLE 0 0 12394
GALLAGHER ARTHUR J & CO COMMON 363576109 756 18000 SH SOLE 0 0 18000
GANNETT INC COMMON 364730101 526 8796 SH SOLE 0 0 8796
GENERAL ELEC CO COMMON 369604103 98646 1861248 SH SOLE 0 0 1861248
GENERAL MTRS CORP CL H COMMON 370442832 209 2378 SH SOLE 0 0 2378
GILLETTE CO COMMON 375766102 1083 30996 SH SOLE 0 0 30996
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 1087 18801 SH SOLE 0 0 18801
GREENPOINT FINL CORP COMMON 395384100 534 28500 SH SOLE 0 0 28500
HCC INS HLDGS INC COMMON 404132102 55062 2917169 SH SOLE 0 0 2917169
HANNAFORD BROS CO COMMON 410550107 13733 191062 SH SOLE 0 0 191062
HEINZ H J CO COMMON 423074103 1190 27210 SH SOLE 0 0 27210
HERSHEY FOODS CORP COMMON 427866108 623 12850 SH SOLE 0 0 12850
HEWLETT PACKARD CO COMMON 428236103 7820 62620 SH SOLE 0 0 62620
HIBERNIA CORP CL A 428656102 924 85000 SH SOLE 0 0 85000
HOME DEPOT INC COMMON 437076102 738 14776 SH SOLE 0 0 14776
HOMEFED CORP COM NEW 43739D208 749 1118392 SH SOLE 0 0 1118392
HONEYWELL INTL INC COMMON 438516106 1234 36630 SH SOLE 0 0 36630
HUBBELL INC A CL A 443510102 6239 241102 SH SOLE 0 0 241102
HUBBELL INC B CL B 443510201 12592 493798 SH SOLE 0 0 493798
HUNTINGTON BANCSHARES IN COMMON 446150104 426 26967 SH SOLE 0 0 26967
HUTTIG BLDG PRODS INC COMMON 448451104 117 28325 SH SOLE 0 0 28325
IMC GLOBAL INC COMMON 449669100 425 32679 SH SOLE 0 0 32679
IMS HEALTH INC COMMON 449934108 202 11220 SH SOLE 0 0 11220
IDEX CORP COMMON 45167R104 19082 604563 SH SOLE 0 0 604563
ILLINOIS TOOL WKS INC COMMON 452308109 2215 38867 SH SOLE 0 0 38867
INCO LTD COMMON 453258402 154 10000 SH SOLE 0 0 10000
INFINITY BROADCASTING CP CL A 45662S102 6191 169900 SH SOLE 0 0 169900
INPUT/OUTPUT INC COMMON 457652105 3369 399250 SH SOLE 0 0 399250
INSIGHT COMMUNICATIONS I CL A 45768V108 1304 83450 SH SOLE 0 0 83450
INTEL CORP COMMON 458140100 8344 62416 SH SOLE 0 0 62416
INTERACTIVE MARKETING TE COMMON 45838B108 6 25000 SH SOLE 0 0 25000
INTL. BUSINESS MACHINES COMMON 459200101 27663 252490 SH SOLE 0 0 252490
INTERPUBLIC GROUP COS IN COMMON 460690100 1522 35401 SH SOLE 0 0 35401
JDS UNIPHASE CORP COMMON 46612J101 503 4200 SH SOLE 0 0 4200
JEFFERSON PILOT CORP COMMON 475070108 476 8437 SH SOLE 0 0 8437
JOHNSON & JOHNSON COMMON 478160104 103058 1011613 SH SOLE 0 0 1011613
KANSAS CITY SOUTHN INDS COMMON 485170104 1242 14000 SH SOLE 0 0 14000
KIMBERLY CLARK CORP COMMON 494368103 238 4140 SH SOLE 0 0 4140
KROGER CO COMMON 501044101 58442 2648932 SH SOLE 0 0 2648932
LEUCADIA NATL CORP COMMON 527288104 60085 2633859 SH SOLE 0 0 2633859
LEXMARK INTL GR.CL.A COMMON 529771107 2580 38361 SH SOLE 0 0 38361
LILLY ELI & CO COMMON 532457108 2360 23632 SH SOLE 0 0 23632
LINEAR TECHNOLOGY CORP COMMON 535678106 4156 65000 SH SOLE 0 0 65000
LUCENT TECHNOLOGIES INC COMMON 549463107 12115 204480 SH SOLE 0 0 204480
LYDALL INC DEL COMMON 550819106 165 15500 SH SOLE 0 0 15500
M & T BK CORP COMMON 55261F104 26279 58397 SH SOLE 0 0 58397
MBNA CORP COMMON 55262L100 299 11025 SH SOLE 0 0 11025
MARSH & MCLENNAN COS INC COMMON 571748102 3917 37510 SH SOLE 0 0 37510
MASSBANK CORP READ MASS COMMON 576152102 2891 103257 SH SOLE 0 0 103257
MATLACK SYS INC COMMON 576901102 30 13500 SH SOLE 0 0 13500
MCDONALDS CORP COMMON 580135101 1219 36999 SH SOLE 0 0 36999
MERCK & CO INC COMMON 589331107 98254 1282272 SH SOLE 0 0 1282272
MEREDITH CORP COMMON 589433101 3148 93270 SH SOLE 0 0 93270
MESA RTY TR UNIT BEN INT 590660106 11764 294104 SH SOLE 0 0 294104
METTLER TOLEDO INTERNATI COMMON 592688105 344 8611 SH SOLE 0 0 8611
MICROSOFT CORP COMMON 594918104 338 4224 SH SOLE 0 0 4224
MILLENNIUM PHARMACEUTICA COMMON 599902103 313 2800 SH SOLE 0 0 2800
MINNESOTA MNG & MFG CO COMMON 604059105 400 4852 SH SOLE 0 0 4852
MOLEX INC COMMON 608554101 13893 288687 SH SOLE 0 0 288687
MOLEX INC CL A N/V CL A 608554200 94683 2705227 SH SOLE 0 0 2705227
GREENFIELDS ENERGY CORP COMMON 6085807 1 13400 SH SOLE 0 0 13400
MORGAN J P & CO INC COMMON 616880100 1054 9573 SH SOLE 0 0 9573
MORGAN STANLEY DEAN WITT COM NEW 617446448 534 6420 SH SOLE 0 0 6420
MOTOROLA INC COMMON 620076109 293 10098 SH SOLE 0 0 10098
ROBCO II COMMON 622991107 38 37550 SH SOLE 0 0 37550
NAVIGATORS GROUP INC COMMON 638904102 3851 427850 SH SOLE 0 0 427850
NEW YORK TIMES CO CL A 650111107 295 7460 SH SOLE 0 0 7460
NOBLE DRILLING CORP COMMON 655042109 4251 103200 SH SOLE 0 0 103200
NORFOLK SOUTHERN CORP COMMON 655844108 166 11130 SH SOLE 0 0 11130
NORTHERN TR CORP COMMON 665859104 371 5703 SH SOLE 0 0 5703
PAINE WEBBER GROUP INC COMMON 695629105 227 4987 SH SOLE 0 0 4987
PARKVALE FINL CORP COMMON 701492100 7084 410683 SH SOLE 0 0 410683
PEPSICO INC COMMON 713448108 2018 45412 SH SOLE 0 0 45412
PFIZER INC COMMON 717081103 20535 427803 SH SOLE 0 0 427803
PHARMACIA CORP COMMON 71713U102 204 3950 SH SOLE 0 0 3950
PHILIP MORRIS COS INC COMMON 718154107 440 16552 SH SOLE 0 0 16552
PITNEY BOWES INC COMMON 724479100 1006 25142 SH SOLE 0 0 25142
PLACER DOME INC COMMON 725906101 127 13275 SH SOLE 0 0 13275
POLICY MGMT SYS CORP COMMON 731108106 28390 1846475 SH SOLE 0 0 1846475
PRAXAIR INC COMMON 74005P104 749 20000 SH SOLE 0 0 20000
PROCTER & GAMBLE CO COMMON 742718109 3313 57865 SH SOLE 0 0 57865
PROGRESSIVE CORP OHIO COMMON 743315103 887 11986 SH SOLE 0 0 11986
RECKSON ASSOCS RLTY CORP COMMON 75621K106 2921 123000 SH SOLE 0 0 123000
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 804 36250 SH SOLE 0 0 36250
REGIONS FINL CORP COMMON 758940100 527 26540 SH SOLE 0 0 26540
ROBBINS & MYERS INC COMMON 770196103 1328 58200 SH SOLE 0 0 58200
ROBBINS & MYERS INC CV 6.500 9/0 770196AA1 1073 1113000 PRN SOLE 0 0 1113000
ROBCO COMMON 770995108 21 20625 SH SOLE 0 0 20625
ROPER INDS INC NEW COMMON 776696106 55622 2170628 SH SOLE 0 0 2170628
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 4844 78681 SH SOLE 0 0 78681
SBC COMMUNICATIONS INC COMMON 78387G103 1390 32150 SH SOLE 0 0 32150
SWWT INC COMMON 785055104 1 12500 SH SOLE 0 0 12500
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 190 19000 SH SOLE 0 0 19000
SANTA FE SNYDER CORP COMMON 80218K105 228 20005 SH SOLE 0 0 20005
SARA LEE CORP COMMON 803111103 677 35040 SH SOLE 0 0 35040
SCHERING PLOUGH CORP COMMON 806605101 2050 40600 SH SOLE 0 0 40600
SCHLUMBERGER LTD COMMON 806857108 2929 39252 SH SOLE 0 0 39252
SCHOLASTIC CORP COMMON 807066105 20778 339930 SH SOLE 0 0 339930
SEACOAST BKG CORP FLA CL A 811707108 4099 151818 SH SOLE 0 0 151818
SEALED AIR CORP NEW COMMON 81211K100 21912 418368 SH SOLE 0 0 418368
SHARED MED SYS CORP COMMON 819486101 52136 714805 SH SOLE 0 0 714805
SHELDAHL CO COMMON 822440103 141 25907 SH SOLE 0 0 25907
SHELDAHL SER D CV PFD 5% CV 822990909 1359 1359 SH SOLE 0 0 1359
SHELCO COMMON 822997102 30 30454 SH SOLE 0 0 30454
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 19630 301131 SH SOLE 0 0 301131
SOLECTRON CORP COMMON 834182107 39847 951560 SH SOLE 0 0 951560
SONOCO PRODS CO COMMON 835495102 1967 95681 SH SOLE 0 0 95681
SPRINT CORP COM FON GROUP 852061100 306 6000 SH SOLE 0 0 6000
SUN MICROSYSTEMS INC COMMON 866810104 482 5300 SH SOLE 0 0 5300
SUN HYDRAULICS CORP COMMON 866942105 2001 238900 SH SOLE 0 0 238900
SUNTRUST BKS INC COMMON 867914103 340 7437 SH SOLE 0 0 7437
TVX GOLD INC COMMON 87308K101 6 10000 SH SOLE 0 0 10000
TARGET CORP COMMON 87612E106 338 5825 SH SOLE 0 0 5825
TEXACO INC COMMON 881694103 1093 20520 SH SOLE 0 0 20520
THOMAS & BETTS CORP COMMON 884315102 277 14507 SH SOLE 0 0 14507
TIGER PARTNERS COMMON 886993104 25 25000 SH SOLE 0 0 25000
TIME WARNER INC COMMON 887315109 756 9946 SH SOLE 0 0 9946
TORCHMARK CORP COMMON 891027104 587 23786 SH SOLE 0 0 23786
TYCO INTL LTD NEW COMMON 902124106 22174 468048 SH SOLE 0 0 468048
UCAR INTL INC COMMON 90262K109 7647 585420 SH SOLE 0 0 585420
UNILEVER N V DEPOSITORY RECEI 904784709 301 6997 SH SOLE 0 0 6997
UNION PAC CORP COMMON 907818108 35194 946393 SH SOLE 0 0 946393
UNION PAC RES GROUP INC COMMON 907834105 1819 82683 SH SOLE 0 0 82683
UNITED DOMINION REALTY T COMMON 910197102 130 11800 SH SOLE 0 0 11800
UNOCAL CORP COMMON 915289102 265 8000 SH SOLE 0 0 8000
UNOVA INC COMMON 91529B106 894 122250 SH SOLE 0 0 122250
VASTAR RES INC COMMON 922380100 706 8600 SH SOLE 0 0 8600
VERTEX PHARMACEUTICALS I COMMON 92532F100 38039 360990 SH SOLE 0 0 360990
VIACOM INC CL B COMMON 925524308 2010 29478 SH SOLE 0 0 29478
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 1477 35640 SH SOLE 0 0 35640
VULCAN MATLS CO COMMON 929160109 371 8689 SH SOLE 0 0 8689
WADDELL & REED FINL CL B CL B 930059209 254 8731 SH SOLE 0 0 8731
WAL MART STORES INC COMMON 931142103 810 14052 SH SOLE 0 0 14052
WALGREEN CO COMMON 931422109 3264 101401 SH SOLE 0 0 101401
WATERS CORP COMMON 941848103 3120 25000 SH SOLE 0 0 25000
WELLS FARGO & CO NEW COMMON 949746101 1455 37559 SH SOLE 0 0 37559
WILEY JOHN & SONS CLA COMMON 968223206 6955 309100 SH SOLE 0 0 309100
WILLIAMS COS INC DEL COMMON 969457100 25102 602145 SH SOLE 0 0 602145
WINSTAR COMMUNICATIONS I COMMON 975515107 13797 407294 SH SOLE 0 0 407294
WORLDCOM INC GA NEW COMMON 98157D106 45534 992570 SH SOLE 0 0 992570
TRANSOCEAN SEDCO FOREX I ORD G90078109 385 7206 SH SOLE 0 0 7206
SBS BROADCASTING SA ORD L8137F102 316 5800 SH SOLE 0 0 5800
</TABLE>
