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MKT INV VOTING AUTHORITY
SECURITY TYPE CUSIP VALUE QUANTI DISC MGRS SOLE SHARED NONE
A T & T COM 0019571 5159 64640 SOLE 26000 38640
Abbott Labs COM 0028241 6264133805 SOLE 86000 47805
Aflac IncorporatedCOM 0010551 2754 50584 SOLE 44000 6584
Adaptec Inc Conv BCNV 00651FA 431525000 SOLE 525000
Air Products & CheCOM 0091581 283 8250 SOLE 8250
Airborne Fght. CorCOM 0092661 1562 50390 SOLE 30000 20390
Airtouch CommunicaCOM 00949T1 1025 10605 SOLE 10605
Alaska Air Group ICOM 0116591 3703 77955 SOLE 64000 13955
Albertsons Inc. COM 0131041 1294 23775 SOLE 13000 10775
Allied Signal COM 0195121 3910 79500 SOLE 60000 19500
Allstate CorporatiCOM 0200021 216 5823 SOLE 5823
Alza Corp Conv Bd CNV 022615A 319275000 SOLE 275000
America Online IncCOM 02364J1 2532 17225 SOLE 3000 14225
American Express COM 0258161 1097 9315 SOLE 9315
American Home ProdCOM 0266091 202 3100 SOLE 3100
American Intl. GroCOM 0268741 7909 65565 SOLE 50000 15565
American Stores CoCOM 0300961 342 10375 SOLE 10375
Americredit Corp. COM 03060R1 628 47830 SOLE 47830
Amgen COM 0311621 2137 28540 SOLE 5000 23540
AMR Corp. COM 0017651 1417 24190 SOLE 23000 1190
Associates First CCOM 0460081 669 14860 SOLE 10000 4860
Automatic Data ProCOM 0560151 1572 37995 SOLE 4000 33995
Autozone Inc COM 0533321 336 11055 SOLE 11055
Avery Dennison CorCOM 0536111 543 9435 SOLE 9435
Banc One CorporatiCOM 06423A1 504 9154 SOLE 9154
Bankatlantic Conv CNV 065908A 178225000 SOLE 225000
Bankamerica Corp. COM 06605F1 11378161107 SOLE 103500 57607
C.R. Bard, Inc. COM 0673831 1725 34200 SOLE 25000 9200
Becton Dickinson COM 0758871 1229 32070 SOLE 32070
BellSouth Corp. COM 0798601 1991 49700 SOLE 35000 14700
Bergen Brunswig CoCOM 0837391 410 20500 SOLE 9000 11500
Best Buy Inc Com COM 0865161 1976 38000 SOLE 30000 8000
Biogen COM 0905971 274 2400 SOLE 1000 1400
BMC Software Inc. COM 0559211 795 21440 SOLE 21440
Boeing Co. COM 0970231 507 14900 SOLE 14900
Century Tel. EnterCOM 1566861 5868 83530 SOLE 68000 15530
Citigroup Inc. COM 1729671 7699120526 SOLE 98000 22526
Compaq Computers COM 2044931 3424108040 SOLE 50000 58040
Computer Sciences COM 2053631 2522 45700 SOLE 39500 6200
Conseco Inc COM 2084641 6058196195 SOLE 139000 57195
Dell Computer CorpCOM 2470251 2054 50250 SOLE 38000 12250
E.M.C. CorporationCOM 2686481 3058 23940 SOLE 17000 6940
Ethan Allen InteriCOM 2976021 2406 57900 SOLE 45500 12400
Federal Home Ln. MCOM 3134003 10124176640 SOLE 131000 45640
Fannie Mae COM 3135861 7820112931 SOLE 9400 103531
Gateway 2000 Inc COM 3678331 2400 35000 SOLE 30000 5000
General Electric CCOM 3696041 9940 89856 SOLE 51000 38856
Gulfstream AerospaCOM 4027341 1466 33800 SOLE 30000 3800
Intel COM 4581401 7203 60591 SOLE 30500 30091
IBM Corporation COM 4592001 5078 28650 SOLE 17000 11650
Jefferson-Pilot CoCOM 4750701 3188 25000 SOLE 19000 6000
Jones Medical COM 4802361 3163 91030 SOLE 74000 17030
Kroger Co COM 5010441 5850 97700 SOLE 91000 6700
Lexmark Intl. GrouCOM 5297711 2126 19000 SOLE 14500 4500
Lowes Cos Inc. COM 5486611 6132101350 SOLE 66000 35350
Medtronic, Inc. COM 5850551 8058112105 SOLE 80500 31605
Microsoft Corp COM 5949181 11124 62056 SOLE 1000 61056
Pfizer, Inc. COM 7170811 9933 71591 SOLE 60500 11091
Qualcomm Inc. COM 7475251 667 5360 SOLE 1500 3860
Reynolds & ReynoldCOM 7616951 1240 65270 SOLE 58000 7270
Safeway Inc COM 7865142 3607 70300 SOLE 57000 13300
Schering-Plough COM 8066051 11675211305 SOLE 188000 23305
Sun Microsystems ICOM 8668101 10198 81540 SOLE 68000 13540
Tellabs Inc COM 8796641 6637 67900 SOLE 56000 11900
Tyco InternationalCOM 9021241 3337 46506 SOLE 33000 13506
United Healthcare COM 9105811 1958 37200 SOLE 30000 7200
United TechnologieCOM 9130171 2844 21000 SOLE 15000 6000
Xerox Corp. COM 9841211 6523122220 SOLE 92000 30220
Boston Scientific COM 1011371 308 7590 SOLE 7590
Bristol-Myers COM 1101221 1578 24605 SOLE 24605
Campbell Soup COM 1344291 596 14645 SOLE 14645
Carnival Cruise LiCOM 1436581 505 10400 SOLE 6000 4400
Chancellor Media CCOM 1589151 264 5600 SOLE 5600
Chase Manhattan CoCOM 16161A1 5616 69015 SOLE 47000 22015
Chubb COM 1712321 538 9185 SOLE 9185
Cisco Systems Inc.COM 17275R1 7691 70196 SOLE 13000 57196
Coca-Cola Co. COM 1912161 1336 21775 SOLE 5000 16775
Colgate Palmolive COM 1941621 2174 23635 SOLE 23635
Costco Companies ICOM 22160Q1 504 5500 SOLE 2000 3500
Dayton Hudson CorpCOM 2397531 501 7515 SOLE 7515
Disney Walt Co. COM 2546871 785 25236 SOLE 25236
Duff & Phelps SeleCOM 2643241 113 10500 SOLE 10500
Engineered SupportCOM 2928661 439 25625 SOLE 25625
Exxon Corp COM 3022901 475 6736 SOLE 6736
First Union Corp. COM 3373581 1266 23695 SOLE 23695
Fischbach Corp ConCNV 337659A 462443000 SOLE 443000
Gatx Corp. COM 3614481 296 8985 SOLE 8985
GTE Corp. COM 3623201 767 12670 SOLE 12670
Gannett Co Inc COM 3647301 202 3200 SOLE 3200
Gillette Co. COM 3757661 2077 34950 SOLE 34950
Glaxo Holding PLC COM 37733W1 314 4690 SOLE 4690
Greenery Rehab ConCNV 394797A 285297000 SOLE 297000
Park electroch ConCNV 400716A 351415000 SOLE 415000
Guidant Corp. COM 4016981 886 14650 SOLE 14650
Harley Davidson COM 4128221 2006 34965 SOLE 34965
Hershey Foods Inc.COM 4278661 327 5825 SOLE 5825
Hewlett Packard CoCOM 4282361 871 12838 SOLE 12838
Home Depot, Inc. COM 4370761 1027 16500 SOLE 1000 15500
Honeywell, Inc. COM 4385061 565 7450 SOLE 7450
Household InternatCOM 4418151 664 14560 SOLE 14560
Illinois Tool WorkCOM 4523081 260 4200 SOLE 4200
Johnson & Johnson COM 4781601 4400 47055 SOLE 12000 35055
Kent Elec Conv Bd CNV 490553A 263350000 SOLE 350000
Kimberly Clark CorCOM 4943681 513 10702 SOLE 10702
Lilly (Eli) & Co. COM 5324571 252 2968 SOLE 2968
Lucent TechnologieCOM 5494631 3831 35469 SOLE 3000 32469
MBNA Corporation COM 55262L1 5496230186 SOLE 167500 62686
MCI Worldcom Inc. COM 55268B1 41613469873 SOLE 621 469252
May Department StoCOM 5777781 324 8292 SOLE 8292
McDonald's CorporaCOM 5801351 228 5035 SOLE 5035
Mercantile BancorpCOM 5873421 639 13454 SOLE 13454
Merck & Co., Inc. COM 5893311 8204102386 SOLE 41000 61386
Micron tech Conv BCNV 595112A 322304000 SOLE 304000
Minnesota Mining &COM 6040591 449 6353 SOLE 6353
Monsanto Corp COM 6116621 517 11260 SOLE 11260
Nabors Inds Conv BCNV 629568A 422375000 SOLE 375000
Natl Semicond ConvCNV 637640A 222270000 SOLE 270000
Navistar InternatiCOM 63934E1 2492 62000 SOLE 58000 4000
Network AssociatesCOM 6409381 1249 40700 SOLE 24000 16700
Northern Telecom LCOM 6565691 1132 18217 SOLE 18217
Oracle Systems CorCOM 68389X1 3611136914 SOLE 99500 37414
Oryx Energy Conv BCNV 68763FA 405409000 SOLE 409000
Pimco Advisors HolCOM 69338P1 450 14304 SOLE 14304
Pepsico Inc. COM 7134481 4458113750 SOLE 32000 81750
Philip Morris COM 7181541 630 18000 SOLE 18000
Phycor Conv Bd CNV 71940FA 121210000 SOLE 210000
Procter & Gamble COM 7427181 1537 15689 SOLE 15689
Quad City HoldingsCOM 74730P1 205 10230 SOLE 10230
Quantum Corp Conv CNV 747906A 308350000 SOLE 350000
readRite Corp ConvCNV 755246A 143240000 SOLE 240000
SBC CommunicationsCOM 78387G1 1573 33340 SOLE 33340
Sara Lee Corp. COM 8031111 1044 41857 SOLE 41857
Schlumberger COM 8068571 535 8940 SOLE 8940
Solectron CorporatCOM 8341821 310 6380 SOLE 2000 4380
Southwest AirlinesCOM 8447411 617 20382 SOLE 20382
Sprint CorporationCOM 8520611 993 10116 SOLE 10116
Sprint Corp (PCS GCOM 8520615 955 21549 SOLE 21549
Starbucks CorporatCOM 8552441 1166 41590 SOLE 41590
Transocean OffshorCOM 8938171 272 9435 SOLE 9435
UNUM Corp COM 9031921 333 7000 SOLE 7000
Unisys Corp. COM 9092141 1066 38500 SOLE 26000 12500
U.S. West Inc. COM 91273H1 209 3790 SOLE 3790
VLSI Tech Conv Bd CNV 918270A 387391000 SOLE 391000
Verio Inc. COM 9234331 827 17973 SOLE 17973
Wal Mart Stores, ICOM 9311421 3489 37842 SOLE 15500 22342
Walgreen Company COM 9314221 1230 43525 SOLE 43525
Warner-Lambert Co.COM 9344881 689 10405 SOLE 10405
Washington Mutual COM 9393221 564 13806 SOLE 13806
Wells Fargo & Co. COM 9497401 1505 42915 SOLE 40000 2915
Wm. Wrigley, Jr. CCOM 9825261 642 7100 SOLE 7100
Xilinx Inc. COM 9839191 1341 33105 SOLE 33105
GRAND TOTAL 382883
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