<TABLE> <C> <C>
Name of Issuer Title of ClCUSIP Number Fair Market ValuShares of PrincipSole
Managers Sole
"America Online COM 02364J104 2,940,000 20,000Sole
Managers Sole"
"Anheuser Busch COM 35229103 3,045,000 40,000Sole
Managers Sole"
"At Home COM 45919107 787,500 5,000Sole
Managers Sole"
"AT&T COM 1957109 5,985,937 75,000Sole
Managers Sole"
"Bank Toyko COM 65379109 700,000 50,000Sole
Managers Sole"
"Bay View Capital COM 07262L101 14,958,437 792,500Sole
Managers Sole"
"Broadcast.com COM 111310108 2,954,687 25,000Sole
Managers Sole"
"Chase Manhattan COM 16161A108 10,578,750 130,000Sole
Managers Sole"
"Chase Manhattan 4/85C 16161A9DQ 59,375 500Sole
Managers Sole"
"Cisco Systems COM 17275R102 4,930,312 45,000Sole
Managers Sole"
"Corning COM 219350105 5,400,000 90,000Sole
Managers Sole"
"Dayton Hudson COM 239753106 6,329,375 95,000Sole
Managers Sole"
"Dime Bancorp COM 25429Q102 579,687 25,000Sole
Managers Sole"
"Doubleclick COM 258609304 1,820,625 10,000Sole
Managers Sole"
"Exodus COM 302088109 2,017,500 15,000Sole
Managers Sole"
"Fairchild COM 303698104 30,743,837 3,017,800Sole
Managers Sole"
"First Data COM 319963104 2,137,500 50,000Sole
Managers Sole"
"Humana 4/20C 4448599ED 187,500 2,500Sole
Managers Sole"
"Inktomi COM 457277101 1,715,000 20,000Sole
Managers Sole"
"Intel COM 458140100 4,755,000 40,000Sole
Managers Sole"
"Japan Index 4/145C 03112R9DI 1,443,750 750Sole
Managers Sole"
"Kohls COM 500255104 5,315,625 75,000Sole
Managers Sole"
"LSI Logic COM 502161102 779,687 25,000Sole
Managers Sole"
"Lucent COM 549643107 (1,620,000) (15,000)Sole
Managers Sole"
"Merck COM 589331107 4,406,875 55,000Sole
Managers Sole"
"Merck 4/85C 5893319DQ 28,125 500Sole
Managers Sole"
"Metromedia COM 591689104 1,295,312 25,000Sole
Managers Sole"
"Microsoft COM 594918104 5,825,625 65,000Sole
Managers Sole"
"Morgan Products COM 617439104 2,137,500 600,000Sole
Managers Sole"
"Motorola COM 620076109 5,493,750 75,000Sole
Managers Sole"
"Newmil Bancorp COM 651633109 4,230,000 360,000Sole
Managers Sole"
"Oil Service Index4/70P 69333V9PN 102,500 200Sole
Managers Sole"
"Outdoor Systems COM 690057104 3,000,000 100,000Sole
Managers Sole"
"Pepsi Bottling COM 713409100 1,409,687 65,000Sole
Managers Sole"
"Qwest COM 749121109 1,802,343 25,000Sole
Managers Sole"
"Seagate COM 811804103 1,478,125 50,000Sole
Managers Sole"
"Seagate 4/35P 8118049PG 300,000 500Sole
Managers Sole"
"Smithkline Beecha4/70C 8323789DN 90,000 300Sole
Managers Sole"
"Telesp ParticipacCOM 87952K100 2,062,500 100,000Sole
Managers Sole"
"Tellabs COM 879664100 1,466,250 15,000Sole
Managers Sole"
"Texaco 4/60P 8816949PL 50,625 150Sole
Managers Sole"
"UFP Technology COM 902673102 3,608,325 995,400Sole
Managers Sole"
"Viacom B COM 925524308 11,331,562 270,000Sole
Managers Sole"
"Whirlpool COM 963320106 1,359,375 25,000Sole
Managers Sole"
"Worldcom COM 55268B106 7,085,000 80,000Sole
Managers Sole"
"Yahoo COM 984332106 4,209,375 25,000Sole
Managers Sole"
"Zeneca 4/45C 98934D9DI 31,250 100Sole
Managers Sole"
</TABLE>
