The United States Securities and Exchange Commission
Washington, D.C. 20549
Form 13F
Information Required of Institutional Investment Managers Pursuant to
Section 13 (f) Securities Exchange Act of 1934 and Rules Thereunder.
Report for the Calendar Year or Quarter Ended September 30, 1999.
Name of Institutional Investment Manager: Pacific Asset Management LLC
Business Address: 1999 Avenue of the Stars, #2530
Los Angeles, CA 90067
Jonathan Glaser, 310-201-2619
Managing Member
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represents hereby that all information
contained thereon is true, correct and complete. It is understood that all
required items, statements and schedules are considered intergral parts of this
Form and that the submission by any amendment represents that all
unamended items, statements and schedules remain true, correct and complete
as previously submitted. Pursuant to the requirements of Securities Act
of 1934, the undersigned institutional investment manager has caused this report
to be signed on its behalf in the City of Los Angeles and State of California
on the 3rd day of November 1999.
Pacific Asset Management
Jonathan Glaser, Managing Member
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUTINVSTMOTHEVOTING AUTHORITY
NAME OF ISSUER TITLE OF CLCUSIP (x$1000)PRN AMT PRN CALDSCRETMANA SOLE SHARNONE
AAMES FINANCIAL CORP SUB DEB CONV BND CONV 00253aae1 2,701 400 PRN SOLE 0 0 0
ACCLAIM ENTMT INC CONV SUB NTS BND CONV 004325aa4 6,797 700 PRN SOLE 0 0 0
ACTIVISION INC NEW CONV SUB NOTES BND CONV 004930ac7 1,097 200 PRN SOLE 0 0 0
ADVANCED MICRO DEVICES SUB NOTE CONV BND CONV 007903ac1 8,167 885 PRN SOLE 0 0 0
ALPHARMA INC CONV SR SUB NOTES 144A W/RR 3% BND CONV 020813ac5 1,199 210 PRN SOLE 0 0 0
ALPHARMA INC CONV SUB NOTES BND CONV 020813ab7 6,465 700 PRN SOLE 0 0 0
ALPHARMA INC CONV SUB NOTES 144A 5.75% BND CONV 020813aa9 911 200 PRN SOLE 0 0 0
AMAZON COM INC CONV SUB NTS BND CONV 023135af3 35,235 2,000 PRN SOLE 0 0 0
AMAZON.COM INC SR SUB CONV NOTES 144A BND CONV 023135ad8 7,047 756 PRN SOLE 0 0 0
AMERICAN TOWER CORP CONV NT (STD NTS)-144A R/R BND CONV 029912aa0 2,000 280 PRN SOLE 0 0 0
AMERITRADE HLDG CORP SUB NT CONV 144A BND CONV 03072haa7 5,863 655 PRN SOLE 0 0 0
AMKOR TECHNOLOGIES INC SUB NTS CONV BND CONV 031652aa8 7,046 750 PRN SOLE 0 0 0
ANGEION CORP CONV SR NOTE ACCREDITED INVS BND CONV 03462haa5 150 100 PRN SOLE 0 0 0
APP FINANCE VI MAURTITUS LTD LIQUID YLD OPTN 0% CPNBND CONV 00202naa3 861 200 PRN SOLE 0 0 0
APPLIED MAGNETICS CORP CV SUB DEB BND CONV 038213aa2 2,359 300 PRN SOLE 0 0 0
ASPEN TECHNOLOGY INC SUB DEB CONV BND CONV 045327ab9 606 197 PRN SOLE 0 0 0
ASSISTED LIVINGS CONCEPTS INC CONV SUB 6% BND CONV 04543lad1 1,366 250 PRN SOLE 0 0 0
AT HOME CORP CONV SUB DEB 144A BND CONV 045919aa5 11,326 1,100 PRN SOLE 0 0 0
AT HOME CORP CONV SUB NOTES BND CONV 045919ac1 4,744 500 PRN SOLE 0 0 0
ATRIX LABS INC SUV NOTES CONV BND CONV 04962lac5 967 200 PRN SOLE 0 0 0
AVIRON SUB NOTE CONV 144A BND CONV 053762aa8 481 150 PRN SOLE 0 0 0
AVIRON SUB NTS CONV BND CONV 053762ac4 5,367 550 PRN SOLE 0 0 0
BAAN CO NV SUB NT CONV REGISTER BND CONV 056072ab7 529 160 PRN SOLE 0 0 0
BANKATLANTIC BANCORP INC CONV SUB DEBS BND CONV 065908ac9 382 120 PRN SOLE 0 0 0
BANKATLANTIC BANCORP INC SUB DEB CV BND CONV 065908ab1 862 200 PRN SOLE 0 0 0
BELL ATLANTIC FINANCIAL REG-S BND CONV u0778kad4 3,452 400 PRN SOLE 0 0 0
BELL ATLANTIC FINL SVCS 144A SR NT EXCHANGEABLE FORBND CONV 07785gac4 8,498 960 PRN SOLE 0 0 0
BENCHMARK ELECTRONICS INC SUB NOTE CONV 144A BND CONV 08160haa9 2,167 300 PRN SOLE 0 0 0
BRADLEES STORES INC NTS BND CONV 104500aa1 206 100 PRN SOLE 0 0 0
CAREMATRIX CORP SUB NOTE CONV BND CONV 141706ac5 431 125 PRN SOLE 0 0 0
CD RADIO INC CONV SUB NOTES BND CONV 125127aj9 2,677 375 PRN SOLE 0 0 0
CENTOCOR INC SUB DEB CONV BND CONV 152342ae1 1,315 245 PRN SOLE 0 0 0
CINCINNATI FINL CORP SR DEB CONV BND CONV 172062ab7 6,117 679 PRN SOLE 0 0 0
CIRRUS LOGIC INC CONV SUB NOTE BND CONV 172755ac4 2,803 400 PRN SOLE 0 0 0
CIRRUS LOGIC INC SUB NT CONV 144A BND CONV 172755aa8 1,420 250 PRN SOLE 0 0 0
CNET INC SUB NT CONV 144A BND CONV 125945aa3 13,947 1,100 PRN SOLE 0 0 0
COEUR D ALENE MINES CORP IDAHO CONV SUB DEBS 144A BND CONV 192108af5 3,926 450 PRN SOLE 0 0 0
COEUR D ALENE MINES CORP IDAHO SUB DEB CONV BND CONV 192108ag3 640 200 PRN SOLE 0 0 0
COMVERSE TECHNOLOGY INC SUB DEB CONV BND CONV 205862ae5 1,546 250 PRN SOLE 0 0 0
CONEXANT SYSTEMS INC CONV SUB NOTE 144A BND CONV 207142aa8 1,717 250 PRN SOLE 0 0 0
CORPORATE EXPRESS INC CONV SR NOTE BND CONV 219888ae4 4,310 490 PRN SOLE 0 0 0
DANKA BUSINESS SYSTEMS PLC SUB NOTES CONV BND CONV 236277ab5 1,580 250 PRN SOLE 0 0 0
DATA GENERAL CORP CONV SUB NOTE BND CONV 237688ag1 10,874 1,000 PRN SOLE 0 0 0
DOUBLECLICK INC CONV SUB NOTES 144A BND CONV 258609aa4 18,036 1,205 PRN SOLE 0 0 0
EMC CORP MASS CONV SUB NOTE 144A BND CONV 268648ac6 3,151 400 PRN SOLE 0 0 0
EMC CORP SUB NT CONV BND CONV 26865yaa2 61,445 25,000 PRN SOLE 0 0 0
EMCOR GROUP INC CONV SUB NOTES BND CONV 29084qac4 2,496 300 PRN SOLE 0 0 0
EXODUS COMMUNICATIONS INC SUB NOTE CONV 144A BND CONV 302088ac3 25,621 1,895 PRN SOLE 0 0 0
GENZYME CORP SUB NOTE CONV BND CONV 372917af1 2,027 300 PRN SOLE 0 0 0
GILAT SATELLITE NETWORKS LTD SUB NOTE CONV BND CONV 375255ab2 5,346 500 PRN SOLE 0 0 0
GLOBAL TELESYSTEMS GROUP INC CONV 5.75 BND CONV 37936uae4 10,514 1,000 PRN SOLE 0 0 0
GLOBAL TELESYSTEMS GROUP INC SR SUB BD CONV BND CONV 37936uad6 7,889 770 PRN SOLE 0 0 0
GLOBAL TELESYSTEMS GROUP INC SR SUB BD CONV 8.75 REBND CONV u31760aa6 1,005 200 PRN SOLE 0 0 0
HEXCEL CORP NEW CONV SUB NOTES BND CONV 428291aa6 1,271 234 PRN SOLE 0 0 0
HOMEBASE INC CONV SUB NOTES 144A BND CONV 43738eaa6 1,380 250 PRN SOLE 0 0 0
HOMEBASE INC CONV SUB NTS BND CONV 43738eab4 2,156 300 PRN SOLE 0 0 0
HUMAN GENOME SCIENCES INC CONV SUB NTS 144A BND CONV 444903aa6 4,658 500 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY INC CONV SUB NOTES BND CONV 448407ac0 2,693 390 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY INC CONV SUB NOTES 144A BND CONV 448407aa4 1,134 200 PRN SOLE 0 0 0
INTERMAGNETICS GENERAL CORP CV SUB DEVS 144 A BND CONV 458771ab8 509 150 PRN SOLE 0 0 0
ITC DELTACOM INC CONV SUB NOTE 144A BND CONV 45031taj3 6,310 700 PRN SOLE 0 0 0
KELLSTROM INDS INC CONV SUB NOTES BND CONV 488035ae6 451 140 PRN SOLE 0 0 0
KTI INC EXCHANGE NTS BND CONV 482689aa4 2,069 300 PRN SOLE 0 0 0
LEVEL 3 COMMUNICATIONS INC SUB DEB CONV BND CONV 52729nag5 8,287 895 PRN SOLE 0 0 0
LEVEL ONE COMMUNICAIONS INC SUB NOTE CONV BND CONV 527295ac3 1,730 253 PRN SOLE 0 0 0
LOEWS CORP SUB NOTE EXCH INTO SHS DIAMOND OFFSHORE BND CONV 540424al2 2,506 300 PRN SOLE 0 0 0
LSI LOGIC CORP SUB NOTE CONV 144A BND CONV 502161ab8 905 200 PRN SOLE 0 0 0
MAY & SPEH INC SUB NTS CONV BND CONV 577777aa3 6,872 710 PRN SOLE 0 0 0
METRICOM INC CONV SUB NOTE BND CONV 591596ac5 9,338 1,000 PRN SOLE 0 0 0
MICRON TECHNOLOGIES SUB DEB CONV BND CONV 595112ab9 10,184 1,000 PRN SOLE 0 0 0
MINDSPRING ENTERPRISES INC SUB NTS CONV BND CONV 602683aa2 2,783 400 PRN SOLE 0 0 0
MRV COMMUNICATION INC CONV SUB NTS BND CONV 553477ab6 1,133 200 PRN SOLE 0 0 0
NETWORK ASSOCIATES INC CONV SUB DEBS BND CONV 640938ab2 2,639 350 PRN SOLE 0 0 0
NEXSTAR PHARMACEUTICALS INC SUB DEB CONV BND CONV 65333bac0 20,107 1,220 PRN SOLE 0 0 0
NEXTEL COMMUNICATIONS INC SR NTS 144A BND CONV 65332var4 18,426 1,210 PRN SOLE 0 0 0
NOVA CARE INC CONV S/D CALLABLE BND CONV 669930aa7 1,638 250 PRN SOLE 0 0 0
NTL INC CONV SUB NOTES 144A BND CONV 629407ak3 10,210 1,000 PRN SOLE 0 0 0
PETSMART INC CONV SUB NOTES BND CONV 716768ab2 6,452 700 PRN SOLE 0 0 0
PETSMART INC SUB NOTE CONV 144A BND CONV 716768aa4 3,460 400 PRN SOLE 0 0 0
POU CHEN CORP REG S BND CONV y70786aa9 990 200 PRN SOLE 0 0 0
PREMIERE TECHNOLOGIES INC SUB NOTE CONV BND CONV 74058fac6 4,562 500 PRN SOLE 0 0 0
READ RITE CORP CONV SUB NOTES BND CONV 755246aa3 2,013 290 PRN SOLE 0 0 0
RES-CARE INC CONV SUB NOTES BND CONV 760943ac4 980 200 PRN SOLE 0 0 0
SAFEGUARD SCIENTIFIC INC CONV SUB NOTES 144A BND CONV 786449ad0 3,809 450 PRN SOLE 0 0 0
SIMULA INC SR SUB NTS CONV BND CONV 829206ab7 1,216 220 PRN SOLE 0 0 0
SPORTSLINE USA INC CONV SUB NOTES BND CONV 848934ac9 6,859 700 PRN SOLE 0 0 0
SPORTSLINE USA INC CONV SUB NTS 144A BND CONV 848934aa3 9,804 1,000 PRN SOLE 0 0 0
STANDARD MOTOR PRODUCTS INC SUB DEB CONV BND CONV 853666ab1 1,113 200 PRN SOLE 0 0 0
SUNGLASS HUT INTL INC SUB NT CONV BND CONV 86736fac0 800 200 PRN SOLE 0 0 0
sunterra/SIGNATURE RESORTS INC SUB NT CONV BND CONV 82668baa4 1,462 250 PRN SOLE 0 0 0
SWISS RE AMERICA HOLDINGS CORP CONV REG S BND CONV 5685899 975 200 PRN SOLE 0 0 0
TELEFONOS DE MEXICO S A SR DEB CONV BND CONV 879403ad5 16,493 1,194 PRN SOLE 0 0 0
TOTAL RENAL CARE HLDGS INC SUB CONV NTS 144A BND CONV 89151aaa5 198 100 PRN SOLE 0 0 0
TRANS LUX CORP CONV SUB NOTES BND CONV 893247ad8 200 100 PRN SOLE 0 0 0
TRANS WORLD AIRLINES INC SR SECD NOTE BND CONV 893349bg4 4,048 472 PRN SOLE 0 0 0
TRIARC COS INC DEB CONV 144A 0% CPN BND CONV 895927aa9 650 200 PRN SOLE 0 0 0
VERITAS SOFTWARE CORP CONV SUB NTS BND CONV 923436ab5 43,880 2,180 PRN SOLE 0 0 0
VERTICALNET INC SUB DEB CONV 144A BND CONV 92532laa5 6,288 685 PRN SOLE 0 0 0
WINSTAR COMMUNICATIONS INC SR SUB DEFD INT NTS BND CONV 975515av9 140 2,154,550PRN SOLE 0 0 0
WORLD ACCESS INC CONV SUB NOTES 144A BND CONV 98141aaa9 1,429 250 PRN SOLE 0 0 0
WORLD ACCESS INC SUB CONV NOTE BND CONV 98141aac5 5,658 620 PRN SOLE 0 0 0
ABBOTT LABS JAN 035 CALL CALL 002824100 1,088 200 SH CALSOLE 0 0 0
ALTERA CORP JAN 32.5 CALL CALL 021441100 294 100 SH CALSOLE 0 0 0
AMERITECH JAN 060 CALL CALL 030954101 172 100 SH CALSOLE 0 0 0
AMERN EXPRES JAN 120 CALL CALL 025816109 547 160 SH CALSOLE 0 0 0
AMERN EXPRES JAN 140 CALL CALL 025816110 502 150 SH CALSOLE 0 0 0
AMERN EXPRES JAN 150 CALL CALL 025816111 203 100 SH CALSOLE 0 0 0
AMGEN INC JAN 070 CALL CALL 031162100 781 200 SH CALSOLE 0 0 0
ANALOG DVCS JAN 035 CALL 01 CALL 032654105 226 100 SH CALSOLE 0 0 0
ANALOG DVICE JAN 025 CALL CALL 032654106 270 100 SH CALSOLE 0 0 0
ANALOG DVICE JAN 035 CALL CALL 032654107 184 100 SH CALSOLE 0 0 0
ASARCO INC DEC 020 CALL CALL 043413103 267 100 SH CALSOLE 0 0 0
BARRICK GOLD JAN 020 CALL CALL 067901108 130 598,595 SH CALSOLE 0 0 0
BELL ATLANT JAN 065 CALL CALL 077853109 128 472,150 SH CALSOLE 0 0 0
BIOGEN INC OCT 67.5 CALL CALL 090597105 141 100 SH CALSOLE 0 0 0
BRISTOL SQB JAN 065 CALL CALL 110122108 169 100 SH CALSOLE 0 0 0
BRISTOL SQB JAN 070 CALL CALL 110122109 354 108 SH CALSOLE 0 0 0
BRISTOL SQB JAN 67.5CALL CALL 110122110 158 100 SH CALSOLE 0 0 0
BROADCOM CRP JAN 160 CALL CALL 111320107 115 286,000 SH CALSOLE 0 0 0
CARNIVAL CP JAN 045 CALL CALL 143658102 236 100 SH CALSOLE 0 0 0
CHASE MNHATN JAN 045 CALL CALL 16161A108 304 100 SH CALSOLE 0 0 0
CHASE MNHATN JAN 085 CALL CALL 16161A109 147 100 SH CALSOLE 0 0 0
CHEVRON CORP JAN 090 CALL CALL 166751107 108 208,050 SH CALSOLE 0 0 0
CISCO SYS JAN 065 CALL CALL 17275R102 180 100 SH CALSOLE 0 0 0
CISCO SYS JAN 070 CALL CALL 17275R103 125 322,600 SH CALSOLE 0 0 0
CISCO SYS JAN 72.5 CALL CALL 17275R104 113 249,035 SH CALSOLE 0 0 0
CISCO SYS OCT 065 CALL CALL 17275R105 111 231,025 SH CALSOLE 0 0 0
COMCAST-SPL JAN 37.5 CALL CALL 200300101 368 110 SH CALSOLE 0 0 0
COMCAST-SPL OCT 035 CALL CALL 200300102 215 100 SH CALSOLE 0 0 0
COMCAST-SPL OCT 040 CALL CALL 200300103 151 100 SH CALSOLE 0 0 0
COMPUT ASSOC JAN 045 CALL CALL 204912109 216 100 SH CALSOLE 0 0 0
CORNING INC JAN 065 CALL CALL 219350105 419 120 SH CALSOLE 0 0 0
EMC CORP JAN 67.5 CALL CALL 268648102 101 199,000 SH CALSOLE 0 0 0
EMC CORP JAN11.25 CALL CALL 268648103 6,025 675 SH CALSOLE 0 0 0
EMC CORP OCT 060 CALL CALL 268648104 120 318,450 SH CALSOLE 0 0 0
GLOBAL CROSS APR 050 CALL CALL 305807100 240 100 SH CALSOLE 0 0 0
GLOBAL CROSS APR 055 CALL CALL 305807101 268 100 SH CALSOLE 0 0 0
GLOBAL CROSS OCT 050 CALL CALL 305807102 618 200 SH CALSOLE 0 0 0
GLOBAL CROSS OCT 055 CALL CALL 305807103 201 100 SH CALSOLE 0 0 0
HEWLETT PACK JAN 055 CALL CALL 428236103 947 200 SH CALSOLE 0 0 0
HEWLETT PACK JAN 085 CALL CALL 428236104 650 200 SH CALSOLE 0 0 0
HEWLETT PACK JAN 085 CALL 01 CALL 428236105 223 100 SH CALSOLE 0 0 0
HEWLETT PACK JAN 095 CALL CALL 428236106 516 150 SH CALSOLE 0 0 0
HNC SOFTWARE OCT 025 CALL CALL 40425P107 154 100 SH CALSOLE 0 0 0
HOME DEPOT JAN 050 CALL CALL 437076102 201 100 SH CALSOLE 0 0 0
HOME DEPOT JAN 070 CALL 01 CALL 437076103 579 180 SH CALSOLE 0 0 0
HOME DEPOT JAN 080 CALL CALL 437076104 220 100 SH CALSOLE 0 0 0
HONEYWELL NOV 100 CALL CALL 438506107 128 446,000 SH CALSOLE 0 0 0
IBM JAN 150 CALL CALL 459200101 219 100 SH CALSOLE 0 0 0
INTEGRATED D FEB 020 CALL CALL 457924306 329 100 SH CALSOLE 0 0 0
INTEGRATED D MAY 030 CALL CALL 457924306 105 206,800 SH CALSOLE 0 0 0
INTEGRATED D MAY 22.5 CALL CALL 457924306 127 383,800 SH CALSOLE 0 0 0
INTEGRATED D NOV 010 CALL CALL 457924306 1,156 200 SH CALSOLE 0 0 0
INTEGRATED D NOV 015 CALL CALL 457924306 206 100 SH CALSOLE 0 0 0
INTEGRATED D NOV 12.5 CALL CALL 457924306 625 200 SH CALSOLE 0 0 0
INTEL CORP APR 100 CALL CALL 458140100 127 389,816 SH CALSOLE 0 0 0
INTEL CORP JAN 070 CALL CALL 458140100 519 160 SH CALSOLE 0 0 0
INTEL CORP JAN 085 CALL CALL 458140100 155 100 SH CALSOLE 0 0 0
JOHNSON&JOHN JAN 085 CALL CALL 478160104 293 100 SH CALSOLE 0 0 0
LUBRIZOL CP NOV 22.5 CALL CALL 549271104 160 100 SH CALSOLE 0 0 0
M.S.D.W.&CO JAN 100 CALL CALL 617446448 145 100 SH CALSOLE 0 0 0
MEDIAONE GRP JAN 055 CALL CALL 58440J104 161 100 SH CALSOLE 0 0 0
MEDIAONE GRP JAN 080 CALL CALL 58440J104 144 100 SH CALSOLE 0 0 0
MICROSOFT CP APR 120 CALL CALL 594918104 368 110 SH CALSOLE 0 0 0
MICROSOFT CP JAN 085 CALL CALL 594918104 338 105 SH CALSOLE 0 0 0
MINIMED INC NOV 090 CALL CALL 60365K108 325 100 SH CALSOLE 0 0 0
MINN MNG&MFG APR 100 CALL CALL 604059105 135 728,100 SH CALSOLE 0 0 0
MINN MNG&MFG JAN 095 CALL CALL 604059105 145 100 SH CALSOLE 0 0 0
MINN MNG&MFG JAN 100 CALL CALL 604059105 153 100 SH CALSOLE 0 0 0
MINN MNG&MFG NOV 095 CALL CALL 604059105 334 100 SH CALSOLE 0 0 0
MINN MNG&MFG NOV 105 CALL CALL 604059105 213 100 SH CALSOLE 0 0 0
MINN MNG&MFG OCT 075 CALL CALL 604059105 211 100 SH CALSOLE 0 0 0
MOBIL CORP JAN 075 CALL 01 CALL 607059102 327 100 SH CALSOLE 0 0 0
NEXTEL COMM JAN 045 CALL CALL 65332V102 243 100 SH CALSOLE 0 0 0
NORTEL NTWRK JAN 030 CALL CALL 656569100 315 100 SH CALSOLE 0 0 0
ORACLE CORP JAN 045 CALL CALL 68389X105 147 100 SH CALSOLE 0 0 0
ORACLE CORP JAN 040 CALL CALL 68389X105 263 100 SH CALSOLE 0 0 0
PFIZER INC JAN43.375 CALL CALL 717081103 175 100 SH CALSOLE 0 0 0
PROCT&GAMBLE JAN 110 CALL CALL 742718109 112 234,992 SH CALSOLE 0 0 0
QUAKER OATS JAN 060 CALL CALL 747402105 115 277,550 SH CALSOLE 0 0 0
SOWEST AIRLS MAR 17.5 CALL CALL 844741108 138 820,000 SH CALSOLE 0 0 0
SUN MICRO OCT 065 CALL CALL 866810104 560 175 SH CALSOLE 0 0 0
t/AT&T CP-LIB APR 035 CALL CALL 001957208 245 100 SH CALSOLE 0 0 0
tele-com/AT&T JAN 050 CALL adj 3 for 2 CALL 001957109 117 286,000 SH CALSOLE 0 0 0
tele-com/AT&T CORP JAN 050 CALL CALL 001957109 163 100 SH CALSOLE 0 0 0
TEXAS INSTRS JAN 030 CALL CALL 882508104 2,644 350 SH CALSOLE 0 0 0
TEXAS INSTRS JAN 065 CALL 01 CALL 882508104 633 200 SH CALSOLE 0 0 0
TEXAS INSTRS JAN 075 CALL CALL 882508104 1,308 240 SH CALSOLE 0 0 0
TEXAS INSTRS JAN 075 CALL 01 CALL 882508104 458 149 SH CALSOLE 0 0 0
TYCO INTL JAN 075 CALL CALL 902124106 301 100 SH CALSOLE 0 0 0
TYCO INTL JAN 080 CALL CALL 902124106 893 200 SH CALSOLE 0 0 0
TYCO INTNL OCT 025 CALL CALL 902124106 153 100 SH CALSOLE 0 0 0
TYCO INTNL OCT 035 CALL CALL 902124106 310 100 SH CALSOLE 0 0 0
UNITEDGLOBAL NOV 065 CALL CALL 913247508 176 100 SH CALSOLE 0 0 0
WAL-MART STR JAN 035 CALL CALL 931142103 548 160 SH CALSOLE 0 0 0
WAL-MART STR JAN 050 CALL CALL 931142103 161 100 SH CALSOLE 0 0 0
WAL-MART STR JAN 055 CALL CALL 931142103 150 100 SH CALSOLE 0 0 0
ADVANTA CORP-CL B NON-VTG COM 931142103 2,445 300 SH SOLE 0 0 300
ALBERTO CULVER CO-CL A COM 013068200 3,505 400 SH SOLE 0 0 0
AMC ENTERTAINMENT INC COM 001669100 307 100 SH SOLE 0 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 192 100 SH SOLE 0 0 0
ARDEN REALTY INC COM 039793104 381 114 SH SOLE 0 0 0
ASCENT ENTERTAINMENT GROUP INC COM 043628106 193 100 SH SOLE 0 0 0
BANDAG INC-CL A COM 059815308 927 200 SH SOLE 0 0 0
BATTLE MOUNTAIN GOLD CO COM 071593107 390 120 SH SOLE 0 0 0
CABLE & WIRELESS COMMUNI- CATIONS PLC-SPON COM 12682p104 594 190 SH SOLE 0 0 0
CASTLE & COOKE INC NEW COM 148433105 154 100 SH SOLE 0 0 0
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD-CL COM G20045103 355 110 SH SOLE 0 0 0
CIGNA CORP COM 125509109 1,244 220 SH SOLE 0 0 0
CIRRUS LOGIC INC COM 172755100 163 100 SH SOLE 0 0 0
CITADEL HOLDING CORP COM 172862104 1,559 250 SH SOLE 0 0 0
CKE RESTAURANTS INC COM 12561e105 196 100 SH SOLE 0 0 0
COCA COLA CO COM 191216100 1,572 250 SH SOLE 0 0 0
COMCAST CORP-CL A COM 200300101 5,449 615 SH SOLE 0 0 0
COMPAQ COMPUTER CORP COM 204493100 573 178 SH SOLE 0 0 0
COMPUTER CONCEPTS CORP NEW COM 204897300 517 155 SH SOLE 0 0 0
CONOCO INC-CL B COM 208251405 3,566 410 SH SOLE 0 0 0
COOPER COMPANIES INC NEW (THE) COM 216648402 556 170 SH SOLE 0 0 0
CORPORATE EXPRESS INC COM 219888104 141 100 SH SOLE 0 0 0
CROWN CASTLE DECS TR V COM 24366F203 1,883 257 SH SOLE 0 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873K208 517 160 SH SOLE 0 0 0
DIGEX INC DEL CL A COM 253756100 502 150 SH SOLE 0 0 0
DOLE FOOD CO INC COM 256605106 304 100 SH SOLE 0 0 0
DOLLAR GENERAL CORP COM 256669102 371 110 SH SOLE 0 0 0
DT INDUSTRIES INC COM 23333J108 2,077 300 SH SOLE 0 0 0
EXXON CORP COM 302290101 1,139 200 SH SOLE 0 0 0
FAIRCHILD CORP-CL A COM 303698104 1,075 200 SH SOLE 0 0 0
FECHTOR DETWILER MITCHELL & CO INC COM 313066102 313 100 SH SOLE 0 0 0
FIRST WASHINGTON REALTY TRUST COM 337489504 346 105 SH SOLE 0 0 0
FLETCHER CHALLENGE LTD SPONSORED ADR REPST COM 339324402 128 400,000 SH SOLE 0 0 0
FLOWERS INDUSTRIES INC COM 343496105 980 200 SH SOLE 0 0 0
FOAMEX INTERNATIONAL INC COM 344123104 109 223,000 SH SOLE 0 0 0
GAP INC COM 364760108 512 150 SH SOLE 0 0 0
GENERAL MOTORS CORP COM 370442105 944 200 SH SOLE 0 0 0
GEORGIA PACIFIC CORP (GEORGIA PACIFIC GROU COM 373298108 2,017 300 SH SOLE 0 0 0
GLOBAL CROSSING LTD COM G3921A100 15,863 1,191 SH SOLE 0 0 0
GULF CANADA RESOURCES LTD COM 40218L305 108 221,061 SH SOLE 0 0 0
HERBALIFE INTERNATIONAL cl b COM 426908307 240 100 SH SOLE 0 0 0
HINES HORTICULTURE INC COM 433245107 1,194 201 SH SOLE 0 0 0
HOMESTEAD VILLAGE PROPERTIES INC COM 437851108 896 200 SH SOLE 0 0 0
HTR JAPANESE SMALLER COM 126235990 449 125 SH SOLE 0 0 0
HUMANA INC COM 444859102 103 199,250 SH SOLE 0 0 0
INFOUSA INC NEW COM 456818301 101 192,970 SH SOLE 0 0 0
INTERNATIONAL PAPER CO COM 460146103 577 179 SH SOLE 0 0 0
INTIMATE BRANDS INC-CL A COM 461156101 584 183 SH SOLE 0 0 0
KEMPER HIGH INCOME TRUST-SBI COM 48841g106 1,146 200 SH SOLE 0 0 0
LG&E ENERGY CORP COM 501917108 425 120 SH SOLE 0 0 0
LIMITED INC COM 532716107 5,389 590 SH SOLE 0 0 0
LUCENT TECHNOLOGIES INC COM 549463107 1,362 247 SH SOLE 0 0 0
MAUI LAND & PINEAPPLE CO INC COM 577345101 3,578 411 SH SOLE 0 0 0
MEDIA ONE COM 58440J104 1,947 269 SH SOLE 0 0 0
METRICOM INC COM 591596101 956 200 SH SOLE 0 0 0
MIRAGE RESORTS INC COM 60462E104 155 100 SH SOLE 0 0 0
MITSUI M F COM 606839207 208 100 SH SOLE 0 0 0
MOLEX INC-CL A COM 608554200 2,030 300 SH SOLE 0 0 0
MORRISON KNUDSEN CORP NEW COM 61844A109 103 200,000 SH SOLE 0 0 0
NEWPORT NEWS SHIPBUILDING INC COM 652228107 417 120 SH SOLE 0 0 0
NUEVO GRUPO IUSACELL S A DE CV SPONSORED A COM 670512102 180 100 SH SOLE 0 0 0
OCEAN ENERGY INC TEX (NEW) COM 67481e106 387 120 SH SOLE 0 0 0
OMNIPOINT CORP-DEP SHS REPSTG COM 68212D102 3,800 450 SH SOLE 0 0 0
P & F INDUSTRIES INC-CL A NEW COM 692830508 112 242,500 SH SOLE 0 0 0
PEAPOD INC COM 704718105 347 108 SH SOLE 0 0 0
PETCO ANIMAL SUPPLIES INC COM 716016100 428 120 SH SOLE 0 0 0
PHYSICIANS SPECIALTY CORP COM 718934102 714 200 SH SOLE 0 0 0
PREFERRED VOICE INC COM 740432109 227 100 SH SOLE 0 0 0
PRIME MEDICAL SERVICES INC NEW COM 74156d108 114 262,500 SH SOLE 0 0 0
QUALITY SYSTEMS INC COM 747582104 237 100 SH SOLE 0 0 0
QUEBECOR INC-CL B SUB-VTG COM 748193208 336 100 SH SOLE 0 0 0
READING ENTERTAINMENT INC COM 755332509 147 100 SH SOLE 0 0 0
RISCORP INC-CL A COM 767597107 164 100 SH SOLE 0 0 0
ROC TAIWAN FUND-SBI COM 749651105 111 226,900 SH SOLE 0 0 0
SHELDAHL INC COM 822440103 176 100 SH SOLE 0 0 0
SILICON GRAPHICS INC COM 827056102 252 100 SH SOLE 0 0 0
SIMON PROPERTY GROUP INC COM 828806109 224 100 SH SOLE 0 0 0
SK TELECOM CO LTD SPONSORED ADR COM 78440p108 227 100 SH SOLE 0 0 0
SNYDER COMMUNICATIONS INC SNC COM 832914105 443 125 SH SOLE 0 0 0
SPRINT CORP-fon COM 852061100 760 200 SH SOLE 0 0 0
ASSOCIATED GROUP INC-CL A COM 045651106 6,430 700 SH SOLE 0 0 0
ASSOCIATED GROUP INC-CL B COM 045651205 13,992 1,100 SH SOLE 0 0 0
TCI SATELLITE ENTERTAINMENT COM 872294202 120 295,850 SH SOLE 0 0 0
TELEPHONE & DATA SYSTEMS INC COM 879433100 1,248 230 SH SOLE 0 0 0
TELXON CORP COM 879700102 109 222,750 SH SOLE 0 0 0
THERMO FIBERGEN COM 88355U109 5,282 500 SH SOLE 0 0 0
TITAN CORP COM 888266103 315 100 SH SOLE 0 0 0
TOYODA AUTOMATIC LOOM WORKS COM J91085100 551 170 SH SOLE 0 0 0
TRANSPORTATION TECHNOLOGIES INDS INC COM 89388T101 208 100 SH SOLE 0 0 0
TREMONT CORP COM 894745207 9,163 997 SH SOLE 0 0 0
TRINET CORPORATE REALTY TRUST INC COM 896287109 905 200 SH SOLE 0 0 0
TV AZTECA SA DE CV SPONSORED ADR REPSTG 16 COM 901145102 155 100 SH SOLE 0 0 0
VARIAN INC COM 922206107 249 100 SH SOLE 0 0 0
VENTAS INC COM 92276T100 515 150 SH SOLE 0 0 0
WACKENHUT CORP-SER B COM 929794303 2,118 300 SH SOLE 0 0 0
WAXMAN INDS INC COM 101629990 432 125 SH SOLE 0 0 0
AES TRUST I-$2.6875 CONV TRUST SECS SER A PFD CONV 001033208 2,081 300 SH SOLE 300 0 0
AMDOCS AUTOMATIC COM EXCHANGE SEC TR TR A PFD CONV 02342r202 2,919 400 SH SOLE 400 0 0
AVADO FINANCING I TERM SECS SER A CONV PFD PFD CONV 05336q205 3,837 450 SH SOLE 450 0 0
BANCO GANADERO SA-SPONSORED ADR REPSTG 100 PFD CONV 059594507 111 225,000 SH SOLE 225,000 0 0
BETHLEHEM STEEL CORP $3.50 CUM CONV PFD 14 PFD CONV 087509501 2,125 300 SH SOLE 300 0 0
CANADIAN NATIONAL RAILWAY CO CONV PFD SECS PFD CONV 136375409 1,701 250 SH SOLE 250 0 0
CAREMARK RX CAP TR I 7% SHARED PFD REDEEMA PFD CONV 14170k209 472 150 SH SOLE 150 0 0
CD RADIO INC-10.50% CONV PFD PFD CONV 125127407 3,229 400 SH SOLE 400 0 0
CELLNET FUNDING LLC PFD EXCHABLE 7% EXCHAB PFD CONV 150945202 144 100 SH SOLE 100 0 0
CENTRAL PARKING FIN TR 5.25% PFD SECS CONV PFD CONV 154787303 300 100 SH SOLE 100 0 0
CENTRAL PARKING FINANCE TRUST PFD CONV 154787303 267 100 SH SOLE 100 0 0
CEPHALON INC 7.25% PFD CONV EXCHANGEABLE PFD CONV 156708307 4,269 480 SH SOLE 480 0 0
COASTAL CORP INCOME PRIDES CONV PFD CONV 190441865 261 100 SH SOLE 100 0 0
CRAIG CORP-CL A PREF PFD CONV 224174201 2,899 400 SH SOLE 400 0 0
CSC HOLDINGS INC-DEP SHS-REP 1/10TH 8.50% PFD CONV 126304203 5,400 600 SH SOLE 600 0 0
EQUITY OFFICE PROP TR PFRD PFD CONV 294741509 1,178 200 SH SOLE 200 0 0
ESTEE LAUDER AUTOMATIC COM EXCHANGE SEC TR PFD CONV 518437207 1,414 250 SH SOLE 250 0 0
FEDERAL-MOGUL FINANCING TRUST 7% CUM CONV PFD CONV 313552200 4,738 500 SH SOLE 500 0 0
FRONTIER FINANCING TRUST-6.25% CUM CONV TR PFD CONV 35907u301 2,520 305 SH SOLE 305 0 0
GENERAL GROWTH PROPERTIES INC PFD CONV 370021107 1,189 200 SH SOLE 200 0 0
GLOBAL TELESYSTEMS GROUP INC DEPOSITARY SH PFD CONV 37936u401 5,355 536 SH SOLE 536 0 0
GLOBAL TELESYSTEMS GROUP INC PFRD PFD CONV 37936u609 4,006 450 SH SOLE 450 0 0
GLOBO CABA S A SPONSORED ADR REPSTG PFD PFD CONV 37957x102 688 200 SH SOLE 200 0 0
HERBALIFE DEC TRUST III (EXCH INTO CL B) PFD CONV 243665205 3,371 400 SH SOLE 400 0 0
HOST MARRIOTT FINANCIAL TRUST 6.75% CONV Q PFD CONV 441079407 1,910 258 SH SOLE 258 0 0
ICG FUNDING LLC-6.75% EXCH PFD PFD CONV 44924Q400 4,258 475 SH SOLE 475 0 0
ICG FUNDING LLC-6.75% EXCH PFD PFD CONV 44924Q400 5,503 620 SH SOLE 620 0 0
imc/MERRILL LYNCH & CO INC-6.25% PFD CONV 459866307 1,218 220 SH SOLE 220 0 0
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVEST PFD CONV 45272T102 132 664,450 SH SOLE 664,450 0 0
inacom/VANSTAR FINANCING TRUST-6.75% PFD PFD CONV 92208q307 2,810 400 SH SOLE 400 0 0
INTERMEDIA COMMUNICATIONS PFRD D PFD CONV 458801701 8,039 850 SH SOLE 850 0 0
INTERMEDIA COMMUNICATIONS PFRD E PFD CONV 458801834 6,292 700 SH SOLE 700 0 0
INTERMEDIA COMMUNICATIONS PFRD E 144 PFD CONV 458801826 4,378 500 SH SOLE 500 0 0
INTERMEDIA COMMUNICATIONS PRFD F PFD CONV 458801792 4,608 500 SH SOLE 500 0 0
INTERMEDIA COMMUNICATIONS SER F PFD CONV 458801826 5,273 500 SH SOLE 500 0 0
K MART FINANCING I-7.75% TRUST PFD CONV 498778208 14,090 1,170 SH SOLE 1,170 0 0
KERR MCGEE CORP DECS % EXCHANGEABLE INTO C PFD CONV 492386305 5,439 610 SH SOLE 610 0 0
KIMCO REALTY CORP 7.50% CV PFD DEPOSITARY PFD CONV 49446r877 431 125 SH SOLE 125 0 0
LINCOLN NATIONAL CORP IND 7.75% INCOME PRI PFD CONV 534187604 366 110 SH SOLE 110 0 0
LORAL SPACE & COMMUNICATION LTD-6% CONV PF PFD CONV g56462149 9,838 1,000 SH SOLE 1,000 0 0
MAXTOR DECS TRUST IV DECS PFD CONV 243664208 1,700 250 SH SOLE 250 0 0
MCLEODUSA INC PFD CONV SER A PFD CONV 582266201 17,338 1,200 SH SOLE 1,200 0 0
MEDIAONE GROUP PREM INCOME EXCH SECS 6.25% PFD CONV 58440j401 2,555 341 SH SOLE 341 0 0
MEDPARTNERS INC NEW-6.50% THRESHOLD APPREC PFD CONV 58503x206 247 100 SH SOLE 100 0 0
NEXTEL COMMUNICATIONS INC PFDCONV 0% CPN 1 PFD CONV 65332v806 23,435 1,400 SH SOLE 1,400 0 0
NEXTEL STRYPES TR-STRUCTURED PFD CONV 6532Y1017 2,656 350 SH SOLE 350 0 0
NORTEL INVERSORA SA-10% MAND PFD CONV 656569308 1,228 220 SH SOLE 220 0 0
OMNIPOINT CORP DEPOSITARY SH REPSTG 1/20 C PFD CONV 68212d607 21,161 1,220 SH SOLE 1,220 0 0
OWENS & MINOR TRUST I GTD TERM CONV SECS S PFD CONV 690905302 1,140 200 SH SOLE 200 0 0
OWENS CORNING CAPITAL LLC PFD CONV 690733209 1,733 255 SH SOLE 255 0 0
PHILADELPHIA CONSOLIDATED HOLDING CORP-INC PFD CONV 717528301 805 200 SH SOLE 200 0 0
POGO TR I GTD QUARTERLY INCOME PFD CONV PFD CONV 73044p208 666 200 SH SOLE 200 0 0
PSINET INC CUM CONV PFD 6.75% SER C PFD CONV 74437c309 9,056 975 SH SOLE 975 0 0
QUALCOMM FINANCIAL TR I-5.75% PFD CONV 74752R402 9,606 1,000 SH SOLE 1,000 0 0
QUALCOMM FINANCIAL TR I-5.75% PFD CONV 74752R402 21,863 1,340 SH SOLE 1,340 0 0
QWEST TRENDS TRUST TR ENHANCED DISTR SECS- PFD CONV 74912l105 2,542 330 SH SOLE 330 0 0
RECKSON ASSOCIATES REALTY CONV PFD SE PFD CONV 75621k205 602 190 SH SOLE 190 0 0
RELIANT ENERGY INC ZERO PREM EXCH SUB NOTE PFD CONV 75952j207 50,789 3,000 SH SOLE 3,000 0 0
SEAGRAM LTD 7.50% PFD ADJ CONV RATE EQUITY PFD CONV 811850205 4,347 500 SH SOLE 500 0 0
SKYTEL COMMUNICATIONS INC PFD CONV EXCHANG PFD CONV 83087q302 1,194 210 SH SOLE 210 0 0
SUPERIOR TR I PFD CONV 8.50% BOOK ENTRY PFD CONV 86836p202 4,813 500 SH SOLE 500 0 0
TESORO PETE CORP PREM INCOME EQUITY SECS-P PFD CONV 881609408 392 120 SH SOLE 120 0 0
TRANS WORLD AIRLINES INC $9.25 CONV EXCH P PFD CONV 893349738 1,213 220 SH SOLE 220 0 0
TRIKON TECHNOLOGIES INC PFD SER H PFD CONV 896187200 176 100 SH SOLE 100 0 0
TXI CAPITAL TRUST I PFD SECS PFD CONV 873119200 373 110 SH SOLE 110 0 0
UNION PACIFIC CAPITAL TRUST TERM INCOME DE PFD CONV 907824403 4,538 500 SH SOLE 500 0 0
VERIO INC PFD CONV SER A 6.75% CONV 144A PFD CONV 923433304 3,705 440 SH SOLE 440 0 0
WALBRO CAPITAL TRUST-8% CONV TRUST PFD SEC PFD CONV 931152201 2,524 320 SH SOLE 320 0 0
WINSTAR COMMUNICATIONS 7.25% PFD SER 144A PFD CONV 975515867 11,296 1,000 SH SOLE 1,000 0 0
WINSTAR COMMUNICATIONS INC CONV SR PFD 7% PFD CONV 975515875 4,310 500 SH SOLE 500 0 0
WINSTAR COMMUNICATIONS INC PFRD REG PFD CONV 975515875 8,083 850 SH SOLE 850 0 0
THERMO FIBERGEN RTS RTS 88388U117 914 200 SH SOLE 0 0 0
AUDIOVOX CORP WTS WARR 050757129 1,300 235 SH SOLE 0 0 0
DENTAL/MEDICAL DIAGNOSTIC WTS WARR 24873K117 320 100 SH SOLE 0 0 0
FEDERATED DEPARTMENT STORES INC-DEL WTS WARR 31410h127 2,257 300 SH SOLE 0 0 0
GOLDEN STATE BANCORP INC WTS WARR 381197128 1,088 200 SH SOLE 0 0 0
HEMISPHERX BIOPHARMA INC WTS WARR 42366C202 171 100 SH SOLE 0 0 0
PE CORP EXP 9/11/03 wts WARR 69332s110 1,270 230 SH SOLE 0 0 0
RHONE POULENC SA SPONSORED ADR WTS WTS WARR 762426138 173 100 SH SOLE 0 0 0
SPIROS DEV CORP II INC/ DURA PHAR UTS WARR 848935201 196 100 SH SOLE 0 0 0
SUPERGEN INC WTS WARR 868059114 2,613 350 SH SOLE 0 0 0
THERMOLASE CORP UTS WARR 883624207 175 100 SH SOLE 0 0 0
VIEWCAST.COM INC WT EXP 02/04/2002 WARR 926713116 126 337,500 SH SOLE 0 0 0
</TABLE>
