COVER PAGE
Period ended 6/30/00
James J. Cramer
Cramer Capital
40 Fulton Street
24th Floor
New York, New York 10038
CIK 0001087699
Melissa Kasper
Analyst
212 537-2931
SUMMARY PAGE
Number of other included managers: None
Form 13F-HR Table Entry Total: 558
Form 13F-HR Information Table Value Total: $136,701
20: <TABLE>
<C> <C>
Name of Issuer Title of ClCUSIP Fair Market VaShares of
PrincSole
AAR Corp COM OOO361105 $ 600,000
50,000Sole
Advanced Fiber COM OO745A105 $ 2,265,625
50,000Sole
Agilent 7/90P OO846U9SR $ 1,591,250
950Sole
Alcatel COM O13904305 $ 3,325,000
50,000Sole
Alteon Websystems COM O2145A109 $ 2,501,562
25,000Sole
Amerada Hesse 7/65C O235519GM $ 125,000
1,250Sole
America Online COM O2364J104 $ 1,317,187
25,000Sole
America Online 7/55P O2364J9SK $ 175,000
500Sole
American Home ProductCOM O26609107 $ (881,250 -
15,000Sole
American Home Product7/60C O266099HL $ 625,000
2,000Sole
American Home Product7/65C O266099GM $ 81,25
2,000Sole
Analog Devices COM O32654105 $ 1,520,000
20,000Sole
Applied Materials 7/92.5C O380229GZ $ 258,750
600Sole
Ariba COM O4033V104 $ 1,960,937
20,000Sole
Avon Products 7/40C 0543039GH $ 304,687
750Sole
Bank One 7/32.5P O6423A9SZ $ 300,000
500Sole
BE Aerospace COM O73302101 $ 515,625
75,000Sole
Black & Decker 7/40P O917979SH $ 35,00
200Sole
Boeing COM O97O23105 $ 5,226,562
125,000Sole
Bristol Myers Squibb 7/55C 1101229GK $ 381,250
1,000Sole
Broadcom COM 111320107 $ (2,189,375 -
10,000Sole
Brocade COM 111621108 $ 5,504,531
30,000Sole
CMGI 7/60P 40499W9SL $ 356,250
250Sole
Campbell 7/32.5C 1344299GZ $ 39,06
2,500Sole
Capstone Turbine COM 14067D102 $ 112,656
2,500Sole
Cisco COM 17275R102 $ 2,542,500
40,000Sole
Cisco 7/62.5C 17275R9GZ $ 331,250
1,000Sole
Citigroup 7/65C 1729679GM $ 84,37
1,500Sole
Clorox 7/45C 1890549GI $ 206,250
1,000Sole
Conoco COM 208251306 $ 2,200,000
100,000Sole
Copper Mountain COM 217510106 $ 881,250
10,000Sole
Deere & Co. COM 244199105 $ 4,625,000
125,000Sole
Deere & Co. 7/40P 2441999SH $ 429,687
1250Sole
Disney 8/40C 2546879HH $ 191,406
1250Sole
Efficient Networks COM 282056100 $ 1,287,343
17,500Sole
Eli Lilly COM 532457108 $ (3,495,625 -
35,000Sole
Eli Lilly 7/85C 532457108 $ 538,125
350Sole
EMC COM 268648102 $ 1,923,437
25,000Sole
Fairchild COM 303698104 $ 8,190,000
1,680,000Sole
General Dynamics COM 369550108 $ 1,828,750
35,000Sole
General Mills COM 370334104 $ 4,781,250
125,000Sole
General Mills 8/40C 3703349HH $ 243,750
3000Sole
Honeywell InternationCOM 438516106 $ 2,526,562
75,000Sole
I2 Tech COM 465754109 $ 1,563,984
15,000Sole
Intel COM 458140100 $ 3,342,187
25,000Sole
Intel 7/135C 4581409GG $ 246,875
500Sole
JDS Uniphase COM 46612J101 $ 8,391,250
70,000Sole
Juniper COM 48203R104 $ 1,455,625
10,000Sole
Kana Communications COM 483600102 $ 928,125
15,000Sole
Keycorp COM 493267108 $ 4,406,250
250,000Sole
LSI Logic COM 502161102 $ 1,623,750
30,000Sole
Lucent 7/55C 5494639GK $ 262,500
500Sole
Lucent 7/60C 5494639GL $ 295,312
1,500Sole
Lycos 7/70P 5508189SN $ 945,000
600Sole
Mattel COM 577081102 $ 1,318,750
100,000Sole
Mead COM 582384107 $ 631,250
25,000Sole
Merck 7/25C 5893319GO $ 166,562
650Sole
Microsoft 7/80C 5949189GP $ 825,000
3,000Sole
Micron 7/95C 5951139GS $ 154,687
750Sole
Motorola 7/35P 6200769SG $ 90,00
150Sole
New Focus COM 644383101 $ 1,026,562
12,500Sole
Newmil COM 651633109 $ 807,500
80,000Sole
Nokia 7/45C 6549039GI $ 151,562
250Sole
Nortel COM 656569100 $ 6,825,000
100,000Sole
ONI Systems COM 68273F103 $ 1,172,031
10,000Sole
Oracle 7/80C 64599W9GP $ 153,125
250Sole
Pepsico COM 713448108 $ 4,443,750
100,000Sole
PMC-Sierra COM 69344F106 $ 1,776,875
10,000Sole
Pfizer 7/42.5C 7170819GO $ 1,150,000
2000Sole
Philip Morris 7/25C 7181549GE $ 825,000
4000Sole
Priceline.com COM 741503106 $ 759,687
20,000Sole
Quaker Oats COM 747402105 $ 8,639,375
115,000Sole
Qwest Communications COM 749121109 $ 1,490,625
30,000Sole
Roctest COM 774903108 $ 140,800
10,000Sole
SBC Communications COM 78387G103 $ 7,136,250
165,000Sole
SAP 7/55P 8030549SK $ 85,00
100Sole
Sara Lee 7/17.5C 8031119GW $ 145,312
750Sole
Schering Plough 7/45C 8066059GI $ 142,187
250Sole
Sun Microsystems 7/85C 8668119GQ $ 577,500
700Sole
Sycamore COM 871206108 $ 3,311,250
30,000Sole
Target 7/50P 87612E9SJ $ 34,37
1,250Sole
Target 7/60P 87612E9SL $ 445,312
1,000Sole
Texas Instrument 7/77.5P 8825089SE $ 750,000
750Sole
Thestreet.com COM 88368Q103 $ 356,887
61,400Sole
Tibco Software COM 88632Q103 $ 1,072,343
10,000Sole
Transworld EntertainmCOM 89336Q100 $ (181,875 -
15,000Sole
UFPT COM 902673102 $ 1,351,249
470,000Sole
UPS 7/65P 9113129SM $ 611,875
1,100Sole
Verisign COM 92343 E102 $ 3,530,000
20,000Sole
Veritas Software COM 923436109 $ 2,260,312
20,000Sole
Viacom COM 925524308 $ 2,045,625
30,000Sole
Xilinx COM 983919101 $ 1,651,250
20,000Sole
207: </TABLE>
