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 June 30, 2000."
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 integral 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 26th day of July 2000.
Pacific Asset Management
"Jonathan Glaser, Managing Member"
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AAMES FINANCIAL CORP SUB DEB CONV BND CONV 00253aae1 1059200 6620000 PRN Sole 0 0 0
ACCLAIM ENTMT INC CONV SUB NTS BND CONV 004325aa4 3059906.25 6425000 PRN Sole 0 0 0
ACT MANUFACTURING INC SERIES 144A BND CONV 000973aa5 2770312.5 2250000 PRN Sole 0 0 0
ACTIVISION INC NEW CONV SUB NOTES BND CONV 004930ac7 1469000 2260000 PRN Sole 0 0 0
ADVANCED ENERGY INDUSTRIES INC SUB NOTE CONV BND CONV 007973aa8 680000 500000 PRN Sole 0 0 0
ADVANCED MICRO DEVICES SUB NOTE CONV BND CONV 007903ac1 47900690 22250000 PRN Sole 0 0 0
AES CORP CONV JR SUB DEBS BND CONV 00130han5 5256690 3000000 PRN Sole 0 0 0
AETHER SYSTEMS INC CONV SUB NOTES BND CONV 00808vaa3 9010000 8500000 PRN Sole 0 0 0
AFFYMETRIX INC CONV 144A BND CONV 00826taa6 1470000 1000000 PRN Sole 0 0 0
AFFYMETRIX INC CONV SUB NTS 144a REG RTS 4.75 BND CONV 00826tac2 1553400 2000000 PRN Sole 0 0 0
AKAMAI TECHNOLOGIES INC CONV SUB NOTE 144A BND CONV 00971taa9 4130490 3500000 PRN Sole 0 0 0
ALEXION PHARMACEUTICALS INC CONV 144A BND CONV 015351aa7 835710 1000000 PRN Sole 0 0 0
ALKERMES INC CONV SUB NT BND CONV 01642tab4 5771250 6750000 PRN Sole 0 0 0
ALLIED RISER 7.5% 6/07 BND CONV 019496AA6 6225000 6000000 PRN Sole 0 0 0
ALPHARMA INC CONV SR SUB NOTES 144A W/RR BND CONV 020813ac5 1982090 1000000 PRN Sole 0 0 0
ALPHARMA INC CONV SUB NOTES BND CONV 020813ab7 9593022.53 4361000 PRN Sole 0 0 0
ALPHARMA INC CONV SUB NOTES 144A 5.75% BND CONV 020813aa9 1649797.5 750000 PRN Sole 0 0 0
ALPHARMA INC SR SUB NOTE CONV BND CONV 020813ad3 4955225 2500000 PRN Sole 0 0 0
AMAZON COM INC CONV SUB NTS BND CONV 023135af3 26602937.5 42650000 PRN Sole 0 0 0
AMAZON.COM CONV EURO SUB NOTES BND CONV 023135ag1 5067187.5 8625000 PRN Sole 0 0 0
AMERICA ONLINE INC DEL CONV SUB NOTE BND CONV 02364jac8 17127500 34000000 PRN Sole 0 0 0
AMERICAN TOWER CORP CONV NT BND CONV 029912ab8 15250125 8250000 PRN Sole 0 0 0
AMERICAN TOWER CORP CONV NT (DISC NTS) BND CONV 029912ad4 6105337.5 4710000 PRN Sole 0 0 0
AMERICAN TOWER CORP CONV NT (STD NTS)-144A R/R BND CONV 029912aa0 1848500 1000000 PRN Sole 0 0 0
AMERITRADE HLDG CORP SUB NT CONV BND CONV 03072hab5 3047335.2 5040000 PRN Sole 0 0 0
AMERITRADE HLDG CORP SUB NT CONV 144A BND CONV 03072haa7 1239491.5 2050000 PRN Sole 0 0 0
ANIXTER INTL INC LIQUID YIELD OPT NTE 0/CPN BND CONV 035290aa3 772500 3000000 PRN Sole 0 0 0
APP FINANCE VI MAURTITUS LTD LIQUID YLD OPTN 0% CPN CONV BND CONV 00202naa3 1129849.6 7040000 PRN Sole 0 0 0
APPLIED MAGNETICS CORP CV SUB DEB BND CONV 038213aa2 0 11796000 PRN Sole 0 0 0
ASM LITHOGRAPHY HOLDING REG S BND CONV n07059ac7 664375 500000 PRN Sole 0 0 0
ASM LITHOGRAPHY HOLDINGS N V CONV SUB NOTES 144A BND CONV 00207eab6 1328750 1000000 PRN Sole 0 0 0
ASPEN TECHNOLOGY INC SUB DEB CONV BND CONV 045327ab9 3595250 3650000 PRN Sole 0 0 0
ASSISTED LIVINGS CONCEPTS INC CONV SUB DEBS BND CONV 04543lad1 1589120 3056000 PRN Sole 0 0 0
AT HOME CORP CONV SUB DEB 144A BND CONV 045919aa5 4052700 9006000 PRN Sole 0 0 0
AT HOME CORP CONV SUB NOTES BND CONV 045919ac1 21519000 47820000 PRN Sole 0 0 0
ATRIX LABS INC SUV NOTES CONV BND CONV 04962lac5 1086570 1500000 PRN Sole 0 0 0
AVIRON SUB NOTE CONV 144A BND CONV 053762aa8 550000 500000 PRN Sole 0 0 0
AVIRON SUB NTS CONV BND CONV 053762ac4 7942000 7220000 PRN Sole 0 0 0
BAAN CO NV SUB NT CONV REGISTER BND CONV 056072ab7 1880026.5 2175000 PRN Sole 0 0 0
BANKATLANTIC BANCORP INC CONV SUB DEBS BND CONV 065908ac9 190083.75 293000 PRN Sole 0 0 0
BANKATLANTIC BANCORP INC SUB DEB CV BND CONV 065908ab1 636480 832000 PRN Sole 0 0 0
BEA SYSTEMS INC SUB NOTE CONV BND CONV 073325ac6 33785250 21400000 PRN Sole 0 0 0
BELL ATLANTIC FINANCIAL REG-S BND CONV u0778kad4 11732500 9500000 PRN Sole 0 0 0
BELL ATLANTIC FINANCIAL SVCS INC 144A BND CONV 07785gab6 731250 750000 PRN Sole 0 0 0
BELL ATLANTIC FINL SVCS 144A SR NT BND CONV 07785gac4 32653400 26440000 PRN Sole 0 0 0
BENCHMARK ELECTRONICS INC SUB NOTE CONV 144A BND CONV 08160haa9 3538298.75 3325000 PRN Sole 0 0 0
CHECKFREE HOLDINGS CORP CONV SUB NOTES 144A BND CONV 162816aa0 4364218.75 4505000 PRN Sole 0 0 0
CIRRUS LOGIC INC CONV SUB NOTE BND CONV 172755ac4 5789812.5 6570000 PRN Sole 0 0 0
CIRRUS LOGIC INC SUB NT CONV 144A BND CONV 172755aa8 1013437.5 1150000 PRN Sole 0 0 0
CITRIX SYSTEMS INC SUB DEB CONV BND CONV 177376ab6 5580000 15500000 PRN Sole 0 0 0
CNET INC SUB NOTE CONV BND CONV 125945ac9 4343437.5 5125000 PRN Sole 0 0 0
CNET INC SUB NT CONV 144A BND CONV 125945aa3 7203750 8500000 PRN Sole 0 0 0
COEUR D ALENE MINES CORP IDAHO CONV SUB DEBS 144A BND CONV 192108af5 2760750 6135000 PRN Sole 0 0 0
COEUR D ALENE MINES CORP IDAHO SUB DEB CONV BND CONV 192108ag3 450000 1000000 PRN Sole 0 0 0
CONEXANT SYSTEMS INC CONV SUB NOTE BND CONV 207142ab6 1102585 500000 PRN Sole 0 0 0
CONEXANT SYSTEMS INC CONV SUB NOTE 144A BND CONV 207142aa8 2205170 1000000 PRN Sole 0 0 0
CONEXANT SYSTEMS INC CONV SUB NT 144a 4.0% BND CONV 207142ad2 1166250 1500000 PRN Sole 0 0 0
COR THERAPEUTICS INC SUB NOTE CONV 144A 5.0% BND CONV 217753ac6 19573540 14000000 PRN Sole 0 0 0
CORE COMM LTD 6% BND CONV 21869NAC9 2824875 3100000 PRN Sole 0 0 0
CRITICAL PATH INC 144A BND CONV 22674vaa8 25753250 31000000 PRN Sole 0 0 0
CURAGEN CORP CONVERT SUB DEBS 144a DUE 02/02/2007 6.0% FA BND CONV 23126raa9 6278355 8207000 PRN Sole 0 0 0
CYPRESS SEMICONDUCTOR CORP CONV SUB NT BND CONV 232806af6 1920000 2000000 PRN Sole 0 0 0
DIGITAL ISLAND INC DEL CONV SUB NOTES BND CONV 25385naa9 5089053.06 7098000 PRN Sole 0 0 0
DOUBLECLICK INC CONV SUB NOTES 144A BND CONV 258609aa4 6364625 5900000 PRN Sole 0 0 0
DOUBLECLICK INC SRB NOTE CONV BND CONV 258609ac0 13991387.5 12970000 PRN Sole 0 0 0
E TRADE GROUP INC CONV SUB NOTES 144a 6% BND CONV 269246aa2 22386000 24600000 PRN Sole 0 0 0
EARTHWEB INC CONV SUB NOTES DUE 01/25/2005 7.0% BND CONV 27032caa6 368437.5 750000 PRN Sole 0 0 0
ECHOSTAR COMMUNICATIONS CORP CONV SUB NOTES 144A BND CONV 278762ab5 17332212.5 18125000 PRN Sole 0 0 0
EFFICIENT NETWORKS INC SUB NOTE CONV 144A BND CONV 282056aa8 4556387.5 6055000 PRN Sole 0 0 0
EMCOR GROUP INC CONV SUB NOTES BND CONV 29084qac4 4414641.1 4535000 PRN Sole 0 0 0
ETOYS INC SUB NT CONV 144A BND CONV 297862aa2 5944750 13825000 PRN Sole 0 0 0
EXODUS COMMUNICATIONS INC CONV 144A BND CONV 302088ag4 9740125 6700000 PRN Sole 0 0 0
EXODUS COMMUNICATIONS INC NOTES BND CONV 302088aj8 13956000 9600000 PRN Sole 0 0 0
GENERAL SEMICONDUCTOR NTS CONV BND CONV 370787ab9 2806250 2500000 PRN Sole 0 0 0
GENZYME CORP SUB NOTE CONV BND CONV 372917af1 2473095 1500000 PRN Sole 0 0 0
GILAT SATELLITE NETWORKS LTD CONV SUB NOTES 144a 4.25% BND CONV 375255ac0 9960485 14500000 PRN Sole 0 0 0
GLOBAL TELESYSTEMS GROUP INC CONV 5.75 BND CONV 37936uae4 15975062.5 27425000 PRN Sole 0 0 0
HAAGEN ALEXANDER PPTYS INC SUB DEB CONV SER B BND CONV 4036614 470000 500000 PRN Sole 0 0 0
HMT TECHNOLOGY CORP SUB NT CV BND CONV 403917ad9 1950000 6500000 PRN Sole 0 0 0
HOMEBASE INC CONV SUB NOTES 144A BND CONV 43738eaa6 980000 2000000 PRN Sole 0 0 0
HOMEBASE INC CONV SUB NTS BND CONV 43738eab4 2021250 4125000 PRN Sole 0 0 0
HUMAN GENOME SCIENCES INC SUB NTE CONV BND CONV 444903af5 13362500 10000000 PRN Sole 0 0 0
HUMAN GENOME SCIENCES INC SUB NTE CONV 144A 5% BND CONV 444903ae8 2004375 1500000 PRN Sole 0 0 0
HUMAN GENOME SCIENCES SERIES CONV SUB NT 144a 3.75 BND CONV 444903ag3 5186816.25 6325000 PRN Sole 0 0 0
HUTCHINSON TECHNOLOGY INC CONV SUB NOTES BND CONV 448407ac0 3996870 5532000 PRN Sole 0 0 0
HUTCHINSON TECHNOLOGY INC CONV SUB NOTES 144A BND CONV 448407aa4 722500 1000000 PRN Sole 0 0 0
hyperion/ARBOR SOFTWARE CORP SUB NOTE CONV BND CONV 038918ac2 2970750 3400000 PRN Sole 0 0 0
IBASIS INC SUB NT CONV BND CONV 450732aa0 9620000 13000000 PRN Sole 0 0 0
IMAX CORP CONV DEB REG S BND CONV u45090aa2 7838437.5 6750000 PRN Sole 0 0 0
IMCLONE SYSTEMS INC SUB NOTE CONV 144a 5.5% BND CONV 45245waa7 4960256 5600000 PRN Sole 0 0 0
INCYTE PHARMACEUTICALS INC CONV SUB NOTE 144a 5.5% BND CONV 45337caa0 7505640 9000000 PRN Sole 0 0 0
INGRAM MICRO INC CONV SR DEB BND CONV 457153ab0 12302500 33250000 PRN Sole 0 0 0
INHALE THERAPUETIC SYSTEMS INC CONV SUB NOTES BND CONV 457191ad6 17103437.5 11950000 PRN Sole 0 0 0
INTERLIANT INC SUB NT CONV BND CONV 458742aa1 7486062.5 12050000 PRN Sole 0 0 0
ITC DELTACOM INC CONV SUB NOTE 144A BND CONV 45031taj3 2979500 2950000 PRN Sole 0 0 0
ITC DELTACOM IND CONV SUB NOTE BND CONV 45031tak0 2661350 2635000 PRN Sole 0 0 0
KELLSTROM INDS INC CONV SUB NOTES BND CONV 488035ae6 288100 670000 PRN Sole 0 0 0
KULICKE & SOFFA CONVERTIBLE BOND BND CONV 501242ae1 6590126.25 4541000 PRN Sole 0 0 0
KULICKE & SOFFA INDS INC SUB NT CONV BND CONV 501242ac5 1814062.5 1250000 PRN Sole 0 0 0
LAM RESEARCH CORP CONV NOTE BND CONV 512807ac2 8249650 5935000 PRN Sole 0 0 0
LEVEL 3 COMMUNICATIONS INC SUB DEB CONV BND CONV 52729nag5 38565843.75 25775000 PRN Sole 0 0 0
LEVEL 3 COMMUNICATIONS INC SUB NOTE CONV BND CONV 52729nas9 10905000 12000000 PRN Sole 0 0 0
LIBERTY MEDIA CONV BND CONV 530715ag6 1439380 1000000 PRN Sole 0 0 0
LIBERTY MEDIA CORP SENIOR EXCH-CONV DEBS 144A BND CONV 530715af8 21590700 15000000 PRN Sole 0 0 0
LOEWS CORP SUB NOTE BND CONV 540424al2 4957421 5950000 PRN Sole 0 0 0
MAIL COM INC CNV SUB NT 144A 7% BND CONV 560311aa0 4464155 10757000 PRN Sole 0 0 0
MAY & SPEH INC SUB NTS CONV BND CONV 577777aa3 7142404.5 4950000 PRN Sole 0 0 0
MILLENNIUM PHARMACEUTICALS INC CONV SUB NT 144A BND CONV 599902aa1 24479351.82 16362000 PRN Sole 0 0 0
NETWORK ASSOCIATES INC CONV SUB DEBS BND CONV 640938ab2 3745665 10626000 PRN Sole 0 0 0
NEXSTAR PHARMACEUTICALS INC SUB DEB CONV BND CONV 65333bac0 12915155 7997000 PRN Sole 0 0 0
NEXTEL COMMUNICATIONS INC CONV SENIOR NOTE BND CONV 65332vat0 2674380 1000000 PRN Sole 0 0 0
NEXTEL COMMUNICATIONS INC SR NTS 144A BND CONV 65332var4 41292427.2 15440000 PRN Sole 0 0 0
NTL INC CONV SUB NOTES 144A BND CONV 629407ak3 9862500 6000000 PRN Sole 0 0 0
NTL INC CONV SUB NTS BND CONV 629407al1 22207062.5 13510000 PRN Sole 0 0 0
NTL INC SUB NT CONV 144A BND CONV 629407an7 8969553.16 11287000 PRN Sole 0 0 0
PETSMART INC CONV SUB NOTES BND CONV 716768ab2 8512020 12897000 PRN Sole 0 0 0
PETSMART INC SUB NOTE CONV 144A BND CONV 716768aa4 2392500 3625000 PRN Sole 0 0 0
PREMIERE TECHNOLOGIES INC SUB NOTE CONV BND CONV 74058fac6 778700 1198000 PRN Sole 0 0 0
PRIDE INTL INC SUB DEB CONV 0% CPN BND CONV 741932ab3 3685000 8800000 PRN Sole 0 0 0
PRIMUS TELECOMMUNICATIONS GROUP INC CONV SUB DEB 144A BND CONV 741929ak9 2880000 4000000 PRN Sole 0 0 0
PSINET/METAMOR WORLDWIDE INC SUB NOTE CONV BND CONV 59133paa8 5099450 6455000 PRN Sole 0 0 0
RATIONAL SOFTWARE CORP SUB NT CONV 144a 5.0% BND CONV 75409paa1 1485000 1000000 PRN Sole 0 0 0
READ-RITE CORP CONV SUB NT BND CONV 755246ab1 4387740 7077000 PRN Sole 0 0 0
REDBACK NETWORKS SUB NOTE CONV 144A BND CONV 757209aa9 20050875 17550000 PRN Sole 0 0 0
RES-CARE INC CONV SUB NOTES BND CONV 760943ac4 796250 1750000 PRN Sole 0 0 0
S3 INC SUB NOTE CONV BND CONV 784849ac5 820710 829000 PRN Sole 0 0 0
SAFEGUARD SCIENTIFIC INC CONV SUB NOTES 144A BND CONV 786449ad0 5083750 3500000 PRN Sole 0 0 0
SCANDINAVIAN BROADCASTING SYS SUB NOTE CONV BND CONV 805906ac8 1895930 1000000 PRN Sole 0 0 0
SIMULA INC SR SUB NTS CONV BND CONV 829206ab7 788500 1660000 PRN Sole 0 0 0
SIRIUS/CD RADIO INC CONV SUB NOTES BND CONV 125127aj9 23433280 13624000 PRN Sole 0 0 0
SOLECTRON CORP SR LIQUID YIELD OPT NTE BND CONV 834182ak3 2720000 4250000 PRN Sole 0 0 0
SPORTSLINE USA INC CONV SUB NOTES BND CONV 848934ac9 8646511.44 13163000 PRN Sole 0 0 0
sprint/COX COMMUNICATIONS INC SUB DISC DEB EXC BND CONV 224044ax5 6473375 12500000 PRN Sole 0 0 0
sprint/LIBERTY MEDIA GROUP CONV DEBS 144a 3.75% BND CONV 530715ak7 10861200 10000000 PRN Sole 0 0 0
STANDARD MOTOR PRODUCTS INC SUB DEB CONV BND CONV 853666ab1 653125 1250000 PRN Sole 0 0 0
SUNGLASS HUT INTL INC SUB NT CONV BND CONV 86736fac0 707500 1000000 PRN Sole 0 0 0
sunterra/SIGNATURE RESORTS INC SENIOR NOTES BND CONV 82668baf3 300000 1000000 PRN Sole 0 0 0
sunterra/SIGNATURE RESORTS INC SUB NT CONV BND CONV 82668baa4 47040 4704000 PRN Sole 0 0 0
TELEFONOS DE MEXICO S A SR DEB CONV BND CONV 879403ad5 17641377 13100000 PRN Sole 0 0 0
TEL-SAVE HOLDINGS INC CONV SUB NOTES BND CONV 879176af2 1244159 2450000 PRN Sole 0 0 0
TEL-SAVE HOLDINGS INC SUB NOTE CONV BND CONV 879176ac9 1793325 3750000 PRN Sole 0 0 0
TRANS WORLD AIRLINES INC SR SECD NOTE BND CONV 893349bg4 3085500 4400000 PRN Sole 0 0 0
TRANSOCEAN SECDCO FOREX INC DEB 0% CPN BND CONV 893830aa7 4498725 7500000 PRN Sole 0 0 0
USINTERNETWORKING INC CONV SUB NTS 144A W/RR BND CONV 917311ae2 13379800 9500000 PRN Sole 0 0 0
USINTERNETWORKING INC SUB NTE CONV BND CONV 917311ah5 7181431.6 5099000 PRN Sole 0 0 0
VENTRO CORPORATION BND CONV 922815aa3 3206562.5 8275000 PRN Sole 0 0 0
VERITAS SOFTWARE CORP CONV SUB NTS BND CONV 923436ab5 142607849.3 12022000 PRN Sole 0 0 0
VIROPHARMA INC CONV SUB NOTES 144a 6.0% BND CONV 928241aa6 500500 1300000 PRN Sole 0 0 0
VITESSE SEMICONDUCTOR CORP CONV SUB DEBS 144A BND CONV 928497aa4 461875 500000 PRN Sole 0 0 0
WINSTAR COMMUNICATIONS SR DOSC MTS 144A 0% TO 4/15/05 THEN 14.75% BND CONV 975515ay3 108000 240000 PRN Sole 0 0 0
WINSTAR COMMUNICATIONS SR NTS 144A BND CONV 975515aw7 77695 82000 PRN Sole 0 0 0
WORLD ACCESS INC CONV SUB NOTES 144A BND CONV 98141aaa9 1547600 2120000 PRN Sole 0 0 0
WORLD ACCESS INC SUB CONV NOTE BND CONV 98141aac5 7880350 10795000 PRN Sole 0 0 0
WORLD COLOR PRESS INC DEL CONV SR SUB NOTES BND CONV 981443aa2 1175625 1125000 PRN Sole 0 0 0
ADELPHIA COMMUNICATIONS CORP CONV PFD-5.5% COM 006848402 7393325.5 50252 SHR Sole 50252 0 0
ADVANCED MAGNETICS INC COM 00753p103 371787.5 60700 SHR Sole 60700 0 0
ADVANTA CORP-CL B NON-VTG COM 007942204 2000475 235350 SHR Sole 235350 0 0
AES TR III 6.75% TR PFD CONV SECS COM 00808n202 3632700 50000 SHR Sole 50000 0 0
ALBERTO CULVER CO-CL A COM 013068200 4061137.5 154710 SHR Sole 154710 0 0
ALTERNATIVE TECHNOLOGY RESOURCES INC COM 02145h104 179287.5 37500 SHR Sole 37500 0 0
AMBASE CORP COM 023164106 16600 20000 SHR Sole 20000 0 0
AMERICA ONLINE INC-DEL COM 02364j104 7332250 139000 SHR Sole 139000 0 0
AMERICAN BIOGENETIC SCIENCES INC-CL A COM 024611105 49680 30000 SHR Sole 30000 0 0
AMERICAN COMMUNITIES PPTYS TR COM 02520n106 43621.87 10575 SHR Sole 10575 0 0
AMGEN INC COM 031162100 210750 3000 SHR Sole 3000 0 0
AMR CORP-DEL COM 001765106 713826 27000 SHR Sole 27000 0 0
ANGEION CORP CONV SR NOTE ACCREDITED INVS COM 03462haa5 135045 250000 SHR Sole 250000 0 0
APOGEE ENTERPRISES INC COM 037598109 70620 20000 SHR Sole 20000 0 0
APPLIED MATERIALS INC COM 038222105 362500 4000 SHR Sole 4000 0 0
APPLIED POWER INC-CL A COM 038225108 569500 17000 SHR Sole 17000 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 203619.75 20750 SHR Sole 20750 0 0
ARDEN REALTY INC COM 039793104 578100 24600 SHR Sole 24600 0 0
ASSOCIATES FIRST CAPITAL CORP CL A COM 046008108 223130 10000 SHR Sole 10000 0 0
AUTOIMMUNE INC COM 052776101 104250 69500 SHR Sole 69500 0 0
AUTOWEB.COM INC COM COM 053331104 35381.25 16650 SHR Sole 16650 0 0
AVADO FINANCING I TERM SECS SER A CONV PFD COM 05336q205 1840650 131475 SHR Sole 131475 0 0
BANK ONE CORP COM 06423a103 212504 8000 SHR Sole 8000 0 0
BAY VIEW CAPITAL CORP-DEL COM 07262l101 201166.5 20500 SHR Sole 20500 0 0
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BOLDER TECHNOLOGIES CORP CONV PFD SER A 14 COM 097519201 514637.5 16250 SHR Sole 16250 0 0
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BROWN FORMAN CORP-CL A COM 115637100 527500 10000 SHR Sole 10000 0 0
CABLE & CO WORLDWIDE INC COM 126827104 150 15000 SHR Sole 15000 0 0
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CADIZ INC COM COM 127537108 180800 22600 SHR Sole 22600 0 0
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CENTRAL EUROPEAN MEDIA ENTERPRISES LTD-CL COM g20045202 322500 32250 SHR Sole 32250 0 0
CENTRAL PARKING FIN TR 5.25% PFD SECS CONV COM 154787303 219808.25 16850 SHR Sole 16850 0 0
CENTRAL PARKING FINANCE TRUST COM 154785109 202500 15000 SHR Sole 15000 0 0
CEPHALON INC PFD CONV EXCHANGEABLE COM 156708406 23382012.5 137500 SHR Sole 137500 0 0
CITADEL HOLDING CORP CL A NON VTG COM 172862203 1457595.94 475872 SHR Sole 475872 0 0
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CMS ENERGY CORP COM 125896100 221250 10000 SHR Sole 10000 0 0
COASTAL CORP INCOME PRIDES CONV COM 190441865 350000 10000 SHR Sole 10000 0 0
COEUR D ALENE MINES CORP COM 192108108 130554.9 53550 SHR Sole 53550 0 0
COMCAST CORP-CL A COM 200300101 622000 16000 SHR Sole 16000 0 0
COMPUTER CONCEPTS CORP NEW COM 204897300 276330 305000 SHR Sole 305000 0 0
CONOCO INC CL A COM 208251306 220000 10000 SHR Sole 10000 0 0
CONOCO INC-CL B COM 208251405 245630 10000 SHR Sole 10000 0 0
CONSORCIO G GRUPO PFRD L COM 210306304 21030 10515 SHR Sole 10515 0 0
CORTECH INC-NEW COM 22051j308 213037.5 24700 SHR Sole 24700 0 0
COX COMMUNICATIONS INC NEW GROWTH PRIDES B COM 224044404 1146950 20300 SHR Sole 20300 0 0
CRAIG CORP-CL A PREF COM 224174201 2422780.2 635400 SHR Sole 635400 0 0
CRESCENT REAL ESTATE EQUITIES PFRD COM 225756204 207031.25 13250 SHR Sole 13250 0 0
CROWN CASTLE DECS TR V COM 24366f203 3350520 102500 SHR Sole 102500 0 0
DELUXE CORP COM 248019101 353445 15000 SHR Sole 15000 0 0
DENTAL/MEDICAL DIAGNOSTIC COM 24873k208 149509.8 125850 SHR Sole 125850 0 0
DOMINION BRIDGE CORP COM 257192104 716.8 44800 SHR Sole 44800 0 0
EMARKET PLACE COM COM 290783109 117000 39000 SHR Sole 39000 0 0
ENTERCOM COMMUNICATIONS CAP TR TIDES 6.25% COM 29363p104 4447440 72000 SHR Sole 72000 0 0
ENVIRONMENTAL REMEDIATION HOLDING CORP COM 29406v100 0 106696 SHR Sole 106696 0 0
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VIEWCAST.COM INC WT EXP 02/04/2002 WARR 926713116 59080 35000 SHR Sole 0 0 0
ABERCROMBIE& JAN 12.5 CALL CALL 002896207 181125 63000 SHR Sole 0 0 0
ABERCROMBIE& NOV 010 CALL CALL 002896207 382500 102000 SHR Sole 0 0 0
AIRBORNE FRT NOV 22.5 CALL CALL 009266107 63000 42000 SHR Sole 0 0 0
ALCATEL SEP 065 CALL CALL 013904305 125000 20000 SHR Sole 0 0 0
ALLSTATE CP JUL 020 CALL CALL 020002101 68250 26000 SHR Sole 0 0 0
AMER INTL GP NOV 130 CALL CALL 026874107 481250 70000 SHR Sole 0 0 0
AMR CORP DEL NOV 035 CALL CALL 001765106 27500 20000 SHR Sole 0 0 0
AMR CORP DEL NOV 040 CALL CALL 001765106 26250 35000 SHR Sole 0 0 0
ANALOG DVICE JAN 17.5 CALL ADJ 2 FOR 1 CALL 032654105 1195000 20000 SHR Sole 0 0 0
ANHEUSER B DEC 085 CALL CALL 035229103 63437.5 17500 SHR Sole 0 0 0
ANHEUSER B SEP 080 CALL CALL 035229103 80142 28500 SHR Sole 0 0 0
ANHEUSER B SEP 085 CALL CALL 035229103 20625 15000 SHR Sole 0 0 0
ARROW ELECTR SEP 035 CALL CALL 042735100 52500 20000 SHR Sole 0 0 0
AT HOME CORP JAN 055 CALL CALL 045919107 8120 10000 SHR Sole 0 0 0
AT&T CORP JAN 035 CALL CALL 001957109 266500 82000 SHR Sole 0 0 0
AT&T CORP JUL 035 CALL CALL 001957109 9375 25000 SHR Sole 0 0 0
AT&T CORP JUL 040 CALL CALL 001957109 6250 50000 SHR Sole 0 0 0
AT&T CORP OCT 035 CALL CALL 001957109 92947.5 42500 SHR Sole 0 0 0
AT&T CORP JAN 46.625 CALL LONG TERM O CALL 001957109 32795 35000 SHR Sole 0 0 0
AUTO DATA NOV 055 CALL CALL 0530159k1 150875 35500 SHR Sole 0 0 0
BANK OF AMER AUG 050 CALL CALL 060505104 89320 110000 SHR Sole 0 0 0
BARD C R INC JUL 060 CALL CALL 67383109 620 10000 SHR Sole 0 0 0
BEA SYSTEMS SEP 050 CALL ADJ 2 FOR 1 CALL 073325102 71250 10000 SHR Sole 0 0 0
BELL ATLANT JAN 065 CALL CALL 077853109 156200 100000 SHR Sole 0 0 0
BELL ATLANT JAN 070 CALL CALL 077853109 10620 10000 SHR Sole 0 0 0
BELL ATLANT JAN 075 CALL CALL 077853109 6463 11500 SHR Sole 0 0 0
BELL ATLANT JAN 080 CALL CALL 077853109 55936 128000 SHR Sole 0 0 0
BELL ATLANT JUL 060 CALL CALL 077853109 6200 100000 SHR Sole 0 0 0
BELL ATLANT JUL 070 CALL CALL 077853109 2500 20000 SHR Sole 0 0 0
BELL ATLANT OCT 060 CALL CALL 077853109 19680 15000 SHR Sole 0 0 0
BELLSOUTH CP JAN 060 CALL CALL 079860102 6250 10000 SHR Sole 0 0 0
BELLSOUTH CP JUL 050 CALL CALL 079860102 2057 11000 SHR Sole 0 0 0
BOEING CO AUG 050 CALL CALL 097023105 21505 115000 SHR Sole 0 0 0
BRISTOL SQB JAN 065 CALL LONG TERM O CALL 110122108 168750 44500 SHR Sole 0 0 0
BRISTOL SQB JAN 070 CALL LONG TERM O CALL 110122108 62500 25000 SHR Sole 0 0 0
BRLNGTON RES AUG 27.5 CALL CALL 122014103 271875 25000 SHR Sole 0 0 0
CAPITAL ONE AUG 055 CALL CALL 14040h105 65590 70000 SHR Sole 0 0 0
CARNIVAL CP OCT 030 CALL CALL 143658102 9360 30000 SHR Sole 0 0 0
CAROLINA PWR JUL 040 CALL CALL 12614c106 5610 30000 SHR Sole 0 0 0
CATERPILLAR JAN 040 CALL CALL 149123101 41240 20000 SHR Sole 0 0 0
CHASE MNHATN JAN 050 CALL CALL 16161a108 146250 30000 SHR Sole 0 0 0
CHASE MNHATN SEP 060 CALL ADJ 3 FOR 2 CALL 16161a108 46875 50000 SHR Sole 0 0 0
CISCO SYSTEM JUL 065 CALL ADJ 2 FOR 1 CALL 17275r102 200000 100000 SHR Sole 0 0 0
CISCO SYSTEM JUL 075 CALL ADJ 2 FOR 1 CALL 17275r102 45815 245000 SHR Sole 0 0 0
CISCO SYSTEM JUL 080 CALL ADJ 2 FOR 1 CALL 17275r102 2480 40000 SHR Sole 0 0 0
CISCO SYSTEM JUL 72.5 CALL ADJ 2 FOR 1 CALL 17275r102 17500 70000 SHR Sole 0 0 0
CITIGROUP JAN 070 CALL LONG TERM OP CALL 172967101 412500 100000 SHR Sole 0 0 0
CITIGROUP SEP 075 CALL CALL 172967101 6250 10000 SHR Sole 0 0 0
CITRIX SYS SEP 060 CALL ADJ 2 FOR 1 CALL 177376100 3750 10000 SHR Sole 0 0 0
COASTAL CORP DEC 065 CALL CALL 190441105 76875 15000 SHR Sole 0 0 0
COASTAL CORP SEP 065 CALL CALL 190441105 51397.5 17500 SHR Sole 0 0 0
COLGATE PALM AUG 070 CALL CALL 194162103 9350 50000 SHR Sole 0 0 0
COMCAST-SPL OCT 035 CALL CALL 20099w9j0 1260000 160000 SHR Sole 0 0 0
COMDISCO INC JUL 045 CALL CALL 200336105 2805 15000 SHR Sole 0 0 0
COMDISCO INC JUL 050 CALL CALL 200336105 2244 12000 SHR Sole 0 0 0
COMPAQ COMP OCT 32.5 CALL CALL 204493100 50000 50000 SHR Sole 0 0 0
COMPUWARECP JAN 015 CALL LONG TERM O CALL 205638109 28750 10000 SHR Sole 0 0 0
CONAGRA INC SEP 17.5 CALL CALL 205887102 180000 80000 SHR Sole 0 0 0
CONAGRA INC SEP 22.5 CALL CALL 205887102 18750 50000 SHR Sole 0 0 0
COYOTE NTWK OCT 005 CALL CALL 22406p108 111875 89500 SHR Sole 0 0 0
DELTA AIR OCT 050 CALL CALL 247361108 65000 10000 SHR Sole 0 0 0
DUKE ENERGY JAN 065 CALL CALL 264399106 92007.5 47500 SHR Sole 0 0 0
DUKE ENERGY OCT 060 CALL CALL 264399106 56250 25000 SHR Sole 0 0 0
DUKE ENERGY OCT 065 CALL CALL 264399106 27000 27000 SHR Sole 0 0 0
DUPONT JAN 065 CALL CALL 263534109 150000 200000 SHR Sole 0 0 0
DUPONT JAN 070 CALL CALL 263534109 28100 50000 SHR Sole 0 0 0
DUPONT OCT 065 CALL CALL 263534109 40375 161500 SHR Sole 0 0 0
EASTMAN KODK JAN 060 CALL CALL 277461109 1113750 202500 SHR Sole 0 0 0
EASTMAN KODK JAN 070 CALL CALL 277461109 75000 40000 SHR Sole 0 0 0
EASTMAN KODK JUL 065 CALL CALL 277461109 9350 50000 SHR Sole 0 0 0
EASTMAN KODK OCT 065 CALL CALL 277461109 61860 30000 SHR Sole 0 0 0
ELI LILLY OCT 100 CALL CALL 532457108 91250 10000 SHR Sole 0 0 0
EXODUS COMMU JUL 030 CALL ADJ 2 FOR 1 CALL 302088109 325000 20000 SHR Sole 0 0 0
EXXON MOBIL JAN 075 CALL 01 CALL 30231g102 357500 11000 SHR Sole 0 0 0
EXXON MOBIL OCT 095 CALL CALL 30231g102 8931 13000 SHR Sole 0 0 0
FASTENAL CO NOV 070 CALL CALL 311900104 21870 10000 SHR Sole 0 0 0
FEDRL MOGUL OCT 010 CALL CALL 313549107 15000 10000 SHR Sole 0 0 0
FIRST UNION JUL 035 CALL CALL 337400105 3100 50000 SHR Sole 0 0 0
FORD MOTOR JAN 050 CALL ADJ SPINOFF CALL 345370100 27500 10000 SHR Sole 0 0 0
GENERAL ELE SEP58.375 CALL ADJ 3 FOR 1 CALL 369604103 56220 60000 SHR Sole 0 0 0
GENESIS MICR SEP 22.5 CALL CALL 371933102 15000 10000 SHR Sole 0 0 0
GENL MOTORS SEP 090 CALL CALL 370442105 1250 10000 SHR Sole 0 0 0
GLOBAL CROSS JAN 070 CALL CALL g3921a100 78000 156000 SHR Sole 0 0 0
GLOBAL CROSS JUL 030 CALL CALL g3921a100 109620 135000 SHR Sole 0 0 0
GLOBAL CROSS JUL 035 CALL CALL g3921a100 10000 40000 SHR Sole 0 0 0
GLOBAL CROSS OCT 030 CALL CALL g3921a100 521500 149000 SHR Sole 0 0 0
GLOBO CABOS AUG 030 CALL CALL 37957x102 37500 150000 SHR Sole 0 0 0
GOLDMAN SACH JAN 110 CALL CALL 38141g104 468750 50000 SHR Sole 0 0 0
GOLDMAN SACH JAN 120 CALL CALL 38141g104 289050 49200 SHR Sole 0 0 0
GOLDMAN SACH OCT 110 CALL CALL 38141g104 241500 46000 SHR Sole 0 0 0
HEALTHEON CO JUL 085 CALL CALL 422209106 620 10000 SHR Sole 0 0 0
HEWLETT PACK AUG 130 CALL ADJ STOCK D CALL 428236103 271250 10000 SHR Sole 0 0 0
HEWLETT PACK JAN 085 CALL ADJ STOCK D CALL 428236103 720000 10000 SHR Sole 0 0 0
HEWLETT PACK NOV 175 CALL ADJ STOCK D CALL 428236103 862625 67000 SHR Sole 0 0 0
HOLLINGER IN JUL 12.5 CALL CALL 435569108 15000 10000 SHR Sole 0 0 0
HOME DEPOT JAN 46.625 CALL ADJ 3 FOR 2 CALL 437076102 582187.5 44500 SHR Sole 0 0 0
ILLINOISTOOL SEP 055 CALL CALL 452308109 235000 40000 SHR Sole 0 0 0
INTEL CORP JAN 170 CALL CALL 458140100 73750 10000 SHR Sole 0 0 0
INTEL CORP JAN 180 CALL CALL 458140100 559000 104000 SHR Sole 0 0 0
INTEL CORP OCT 165 CALL CALL 458140100 430000 107500 SHR Sole 0 0 0
INTERMAGNET OCT 17.5 CALL CALL 458771102 40000 10000 SHR Sole 0 0 0
INTERMEDIA C JAN 050 CALL 01 CALL 458801107 105000 40000 SHR Sole 0 0 0
INTERMEDIA C SEP 47.5 CALL CALL 458801107 9370 10000 SHR Sole 0 0 0
INTL HOME SEP 015 CALL CALL 459655919 109375 17500 SHR Sole 0 0 0
IOMEGA CORP AUG 07.5 CALL CALL 462030107 25000 200000 SHR Sole 0 0 0
JACKPOT ENTP SEP 12.5 CALL CALL 466392107 131250 70000 SHR Sole 0 0 0
JOHN MANVILL JAN 12.5 CALL CALL 478129109 22650 12500 SHR Sole 0 0 0
K MART CORP JAN 020 CALL 01 CALL 482584109 3410 55000 SHR Sole 0 0 0
LAM RESEARCH DEC 060 CALL CALL 512807108 18750 10000 SHR Sole 0 0 0
LEXMARK INTL JUL 125 CALL CALL 529771107 4301 23000 SHR Sole 0 0 0
LEXMARK INTL JUL 140 CALL CALL 529771107 7500 30000 SHR Sole 0 0 0
LEXMARK INTL OCT 140 CALL CALL 529771107 4368 14000 SHR Sole 0 0 0
LIMITED INC AUG 025 CALL ADJ 2 FOR 1 CALL 532716107 43000 86000 SHR Sole 0 0 0
LORAL SPACE JUL 015 CALL CALL g56462107 620 10000 SHR Sole 0 0 0
LORAL SPACE JUL 22.5CALL CALL g56462107 620 10000 SHR Sole 0 0 0
LUCENT TECH JUL 040 CALL CALL 549463107 2149650 112400 SHR Sole 0 0 0
LUCENT TECH JUL 070 CALL CALL 549463107 11220 60000 SHR Sole 0 0 0
LUCENT TECH OCT 070 CALL CALL 549463107 60000 24000 SHR Sole 0 0 0
LUCENT TECH OCT 080 CALL CALL 549463107 115500 132000 SHR Sole 0 0 0
LUCENT TECH OCT 085 CALL CALL 549463107 25000 50000 SHR Sole 0 0 0
MAYTAG CORP OCT 035 CALL CALL 578592107 57500 10000 SHR Sole 0 0 0
MBNA CORP SEP 035 CALL CALL 55262l100 5937.5 47500 SHR Sole 0 0 0
MCDONALDS SEP 040 CALL CALL 580135101 20000 80000 SHR Sole 0 0 0
MED MGR CRP SEP 080 CALL CALL 58461u103 4125 11000 SHR Sole 0 0 0
MEDTRONIC AUG 055 CALL CALL 585055106 11870 10000 SHR Sole 0 0 0
MELLON BANK SEP 040 CALL CALL 58551a108 102375 63000 SHR Sole 0 0 0
MELLON FINCL DEC 040 CALL CALL 58551a108 498000 166000 SHR Sole 0 0 0
MELLON FINL DEC 035 CALL CALL 58551a108 300000 60000 SHR Sole 0 0 0
MELLON FINL JAN 040 CALL CALL 58551a108 181250 50000 SHR Sole 0 0 0
MELLON FINL JUL 42.5 CALL CALL 58551a108 10191.5 54500 SHR Sole 0 0 0
MERCK & CO JAN 075 CALL CALL 589331107 425000 50000 SHR Sole 0 0 0
MERRIL LYNCH JAN 115 CALL CALL 590188108 247500 15000 SHR Sole 0 0 0
MERRIL LYNCH JAN 130 CALL CALL 590188108 290250 27000 SHR Sole 0 0 0
MERRIL LYNCH JUL 105 CALL CALL 590188108 240000 20000 SHR Sole 0 0 0
MERRIL LYNCH OCT 120 CALL CALL 590188108 405000 40000 SHR Sole 0 0 0
MICRON TECH JUL 065 CALL ADJ 2 FOR 1 CALL 595112103 240000 10000 SHR Sole 0 0 0
MICRON TECH JUL 070 CALL ADJ 2 FOR 1 CALL 595112103 994500 52000 SHR Sole 0 0 0
MICRON TECH OCT 075 CALL ADJ 2 FOR 1 CALL 595112103 216250 10000 SHR Sole 0 0 0
MICROSOFT CP JAN 110 CALL CALL 594918104 87480 40000 SHR Sole 0 0 0
MICROSOFT CP JAN 120 CALL CALL 594918104 65600 50000 SHR Sole 0 0 0
MICROSOFT CP OCT 080 CALL CALL 594918104 460200 62400 SHR Sole 0 0 0
MICROSOFT CP OCT 095 CALL CALL 594918104 51240 20000 SHR Sole 0 0 0
MINN MNG&MFG JAN 110 CALL CALL 604059105 60000 32000 SHR Sole 0 0 0
MINN MNG&MFG JUL 100 CALL CALL 604059105 2790 44500 SHR Sole 0 0 0
MINN MNG&MFG JUL 105 CALL CALL 604059105 7854 42000 SHR Sole 0 0 0
MOTOROLA INC JUL 155 CALL CALL 620076109 3906 63000 SHR Sole 0 0 0
MOTOROLA INC JUL33.375 CALL ADJ 3 FOR 1 CALL 620076109 9375 15000 SHR Sole 0 0 0
MOTOROLA INC JUL38.375 CALL ADJ 3 FOR 1 CALL 620076109 4488 24000 SHR Sole 0 0 0
MOTOROLA INC JUL53.375 CALL ADJ 3 FOR 1 CALL 620076109 24750 99000 SHR Sole 0 0 0
MOTOROLA INC JUL58.375 CALL ADJ 3 FOR 1 CALL 620076109 3720 60000 SHR Sole 0 0 0
MOTOROLA INC OCT 065 CALL ADJ 3 FOR 1 CALL 620076109 2805 15000 SHR Sole 0 0 0
MOTOROLA INC OCT 070 CALL ADJ 3 FOR 1 CALL 620076109 930 15000 SHR Sole 0 0 0
MRV COMMUNIC JUL 040 CALL ADJ 2 FOR 1 CALL 553477100 271250 10000 SHR Sole 0 0 0
MRV COMMUNIC OCT 040 CALL ADJ 2 FOR 1 CALL 553477100 302500 10000 SHR Sole 0 0 0
MYLAN LABS OCT 035 CALL CALL 628530107 25000 100000 SHR Sole 0 0 0
NABISCO GROU JAN 015 CALL 02 CALL 62952p102 180000 15000 SHR Sole 0 0 0
NABISCO GRP DEC 015 CALL CALL 62952p102 215000 20000 SHR Sole 0 0 0
NABISCO GRP JAN 015 CALL O1 CALL 62952p102 182125 15500 SHR Sole 0 0 0
NABISCO GRP JAN 030 CALL 01 CALL 62952p102 206250 30000 SHR Sole 0 0 0
NABISCO GRP JAN 17.5 CALL O1 CALL 62952p102 117187.5 12500 SHR Sole 0 0 0
NABISCO GRP SEP 17.5 CALL CALL 62952p102 134125 14500 SHR Sole 0 0 0
NABISCO HLDG JUL 050 CALL CALL 629526104 69174 27000 SHR Sole 0 0 0
NATL SEMICON AUG 075 CALL CALL 637640103 39050 25000 SHR Sole 0 0 0
NATL SEMICON NOV 080 CALL CALL 637640103 180000 40000 SHR Sole 0 0 0
OPEN MARKET AUG 050 CALL CALL 68370m100 2500 10000 SHR Sole 0 0 0
OXFORD HLTH AUG 020 CALL CALL 691471106 112500 25000 SHR Sole 0 0 0
PANAMSAT AUG 070 CALL CALL 697933109 25000 100000 SHR Sole 0 0 0
PEPSICO INC JUL 040 CALL CALL 713448108 900000 200000 SHR Sole 0 0 0
PEPSICO INC OCT 040 CALL CALL 713448108 69000 12000 SHR Sole 0 0 0
PEPSICO INC OCT 37.5 CALL CALL 713448108 472500 60000 SHR Sole 0 0 0
POTOMAC ELEC NOV 020 CALL CALL 737682302 253125 44500 SHR Sole 0 0 0
PROCT&GAMBLE JUL 070 CALL CALL 742718109 1240 20000 SHR Sole 0 0 0
PROCT&GAMBLE JUL 075 CALL CALL 742718109 4675 25000 SHR Sole 0 0 0
PROCT&GAMBLE OCT 075 CALL CALL 742718109 9375 25000 SHR Sole 0 0 0
PROCT&GAMBLE OCT 080 CALL CALL 742718109 3740 20000 SHR Sole 0 0 0
PROCT&GAMBLE OCT 085 CALL CALL 742718109 775 12500 SHR Sole 0 0 0
PROCT&GAMBLE OCT 090 CALL CALL 742718109 9920 160000 SHR Sole 0 0 0
RALSTON-RALS SEP 020 CALL CALL 751277302 45000 30000 SHR Sole 0 0 0
REALNETWORKS JUL 055 CALL CALL 75605l104 56240 20000 SHR Sole 0 0 0
REGIONS FINL JUL 025 CALL CALL 758940100 6250 50000 SHR Sole 0 0 0
REGIONS FINL JUL 030 CALL CALL 758940100 12500 50000 SHR Sole 0 0 0
ROYAL DUTCH OCT 070 CALL CALL 780257804 25000 20000 SHR Sole 0 0 0
SAP AG ADR DEC 060 CALL CALL d66992104 51450 14700 SHR Sole 0 0 0
SAP AG ADR JAN 050 CALL LONG TERM O CALL d66992104 120000 16000 SHR Sole 0 0 0
SAP AG ADR SEP 050 CALL CALL d66992104 82500 20000 SHR Sole 0 0 0
SAP AG ADR SEP 055 CALL CALL d66992104 47500 20000 SHR Sole 0 0 0
SAP AG ADR SEP 060 CALL CALL d66992104 22500 15000 SHR Sole 0 0 0
SBC COMMUN OCT 045 CALL CALL 78387g103 175000 50000 SHR Sole 0 0 0
SCHERNG PLGH AUG 055 CALL CALL 806605101 87500 100000 SHR Sole 0 0 0
SCHERNG PLGH NOV 055 CALL CALL 806605101 107480 40000 SHR Sole 0 0 0
SCM MICROSYS DEC 090 CALL CALL 784018103 53750 10000 SHR Sole 0 0 0
SCM MICROSYS SEP 100 CALL CALL 784018103 24426 23000 SHR Sole 0 0 0
SEAGATE TECH SEP 060 CALL CALL 811804103 630000 112000 SHR Sole 0 0 0
SILICON GRPH AUG 12.5 CALL ADJ SPINOFF CALL 827056102 31200 100000 SHR Sole 0 0 0
SNYDER COMM SEP 17.5 CALL CALL 832914105 72500 10000 SHR Sole 0 0 0
SOLECTRON CP JAN11.25 CALL CALL 834182107 308750 10000 SHR Sole 0 0 0
SOUTHTRUST SEP 22.5 CALL CALL 844730101 35000 20000 SHR Sole 0 0 0
STAFFMARK AUG 07.5 CALL CALL 280358102 29900 29900 SHR Sole 0 0 0
STAFFMARK OCT 07.5 CALL CALL 280358102 24062.5 17500 SHR Sole 0 0 0
STRYKER CORP DEC 040 CALL ADJ 2 FOR 1 CALL 863667101 135000 20000 SHR Sole 0 0 0
SUN MICROSYS JAN 125 CALL CALL 866810104 512500 100000 SHR Sole 0 0 0
SUN MICROSYS JUL 115 CALL CALL 866810104 5625 44500 SHR Sole 0 0 0
SUNOCO INC AUG 035 CALL CALL 86764p109 43700 100000 SHR Sole 0 0 0
SYSCO CORP NOV 42.5 CALL CALL 871829107 32500 10000 SHR Sole 0 0 0
tele-com AT&T CORP JUL 060 CALL CALL 001957109 6200 100000 SHR Sole 0 0 0
tele-com/AT&T CORp JAN 065 CALL CALL 001957109 2057 11000 SHR Sole 0 0 0
TERA COMPUTE SEP 07.5 CALL CALL 225223106 13500 54000 SHR Sole 0 0 0
TEXACO INC JAN 060 CALL CALL 881694103 181250 50000 SHR Sole 0 0 0
TEXACO INC JAN 075 CALL LONG TERM O CALL 881694103 75000 20000 SHR Sole 0 0 0
TEXAS INSTRS JAN 080 CALL ADJ 2 FOR 1 CALL 882508104 180000 20000 SHR Sole 0 0 0
TEXAS INSTRS JAN 32.5 CALL ADJ 2 FOR 1 CALL 882508104 1666500 44000 SHR Sole 0 0 0
TEXAS INSTRS JAN 37.5 CALL ADJ 2 FOR 1 CALL 882508104 1340000 40000 SHR Sole 0 0 0
TEXAS INSTRS OCT 075 CALL ADJ 2 FOR 1 CALL 882508104 142500 20000 SHR Sole 0 0 0
U S BANCORP DEC 025 CALL CALL 902973106 112500 90000 SHR Sole 0 0 0
U S BANCORP SEP 17.5 CALL CALL 902973106 65000 20000 SHR Sole 0 0 0
UNITEDGLOBAL NOV 040 CALL CALL 913247508 118750 10000 SHR Sole 0 0 0
VODAFONE GRP JAN 060 CALL CALL 92857t107 113750 65000 SHR Sole 0 0 0
WAL-MART STR JAN 070 CALL LONG TERM O CALL 931142103 33750 10000 SHR Sole 0 0 0
WASTE MGMT JAN 030 CALL CALL 94106l109 12500 20000 SHR Sole 0 0 0
WELLS FARGO JUL 040 CALL CALL 949746101 318600 300000 SHR Sole 0 0 0
WELLS FARGO JUL 050 CALL CALL 949746101 13687.5 109500 SHR Sole 0 0 0
WEYERHAUSER JUL 070 CALL CALL 962166104 1250 10000 SHR Sole 0 0 0
WILLIAMS CO AUG 045 CALL CALL 969457100 227500 140000 SHR Sole 0 0 0
WILLIAMS CO JAN 050 CALL CALL 969457100 126562.5 37500 SHR Sole 0 0 0
WIND RIVER S AUG 050 CALL CALL 973149107 22500 20000 SHR Sole 0 0 0
WORLDCOM INC DEC 050 CALL CALL 98157d106 425000 100000 SHR Sole 0 0 0
XEROX CORP JAN 025 CALL CALL 984121103 36240 20000 SHR Sole 0 0 0
XEROX CORP JUL 025 CALL CALL 984121103 19542.4 315200 SHR Sole 0 0 0
XEROX CORP JUL 22.5 CALL CALL 984121103 2500 10000 SHR Sole 0 0 0
</TABLE>
