UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one):
|_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: KBW Asset Management, Inc.
Address: Two World Trade Center, 85th Floor
New York, New York 10048
Form 13F File Number: 28-
The institutional investment manager filing this report and
the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it, that all
information contained herein is true, correct and complete,
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Michael T. O'Brien
Title: President
Phone: 212-432-4502
Signature, Place, and Date of Signing:
Michael T. O'Brien
[Signature]
New York, New York
[City, State]
April 10, 2000
[Date]
Report Type (Check only one):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting managers(s).)
|_|13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
-1-
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 393
Form 13F Information Table Value Total: $96,457,000 (thousands)
List of Other Included Managers: None
-2-
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 3/31/00
<TABLE>
<CAPTION>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
**ALLIANCE INSTL RESVS INC Common Stock 18616201 20,359,000.00 20,358,940 X 0 0 X 0 0
**ALLIANCE INSTL RESVS INC Common Stock 18616201 3,751,000.00 3,751,448 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 131,000.00 7,350 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 103,000.00 5,750 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 84,000.00 4,700 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 381,000.00 21,300 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 63,000.00 3,500 X 0 0 X 0 0
AMCORE FINANCIAL INC Common Stock 23912108 17,000.00 950 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 1,113,000.00 92,250 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 180,000.00 14,900 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 283,000.00 23,500 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 323,000.00 26,750 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 384,000.00 31,800 X 0 0 X 0 0
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 75,000.00 6,200 X 0 0 X 0 0
AMSOUTH BANCORPORATION Common Stock 32165102 412,000.00 27,600 X 0 0 X 0 0
AMSOUTH BANCORPORATION Common Stock 32165102 353,000.00 23,656 X 0 0 X 0 0
AMSOUTH BANCORPORATION Common Stock 32165102 495,000.00 33,150 X 0 0 X 0 0
AMSOUTH BANCORPORATION Common Stock 32165102 1,444,000.00 96,673 X 0 0 X 0 0
AMSOUTH BANCORPORATION Common Stock 32165102 231,000.00 15,457 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 83,000.00 4,200 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 233,000.00 11,800 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 681,000.00 34,500 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 109,000.00 5,500 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 186,000.00 9,400 X 0 0 X 0 0
BANCWEST CORP NEW COM Common Stock 59790105 170,000.00 8,600 X 0 0 X 0 0
BANK ONE CP MAY 32.5 06423A0QZ 2,000.00 13 Put X 0 0 X 0 0
BANK ONE CP MAY 32.5 06423A0QZ 3,000.00 20 Put X 0 0 X 0 0
Page 1 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP MAY 32.5 06423A0QZ 4,000.00 29 Put X 0 0 X 0 0
BANK ONE CP MAY 32.5 06423A0QZ 12,000.00 82 Put X 0 0 X 0 0
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 198,000.00 7,400 X 0 0 X 0 0
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 88,000.00 3,300 X 0 0 X 0 0
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 137,000.00 5,100 X 0 0 X 0 0
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 188,000.00 7,000 X 0 0 X 0 0
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 543,000.00 20,250 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 391,000.00 19,300 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 172,000.00 8,500 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 277,000.00 13,700 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 1,106,000.00 54,600 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 65,000.00 3,200 X 0 0 X 0 0
BLACKROCK INC CL A Common Stock 09247X101 298,000.00 14,700 X 0 0 X 0 0
CAPITAL ONE Sep-45 14040H0II -45,000.00 -52 Call X 0 0 X 0 0
CAPITAL ONE Sep-45 14040H0II -28,000.00 -33 Call X 0 0 X 0 0
CAPITAL ONE Sep-45 14040H0II -209,000.00 -242 Call X 0 0 X 0 0
CAPITAL ONE Sep-45 14040H0II -61,000.00 -71 Call X 0 0 X 0 0
CAPITAL ONE Sep-45 14040H0II -47,000.00 -55 Call X 0 0 X 0 0
CAPITAL ONE Sep-50 14040H0IJ -6,000.00 -10 Call X 0 0 X 0 0
CAPITAL ONE Sep-50 14040H0IJ -28,000.00 -45 Call X 0 0 X 0 0
CAPITAL ONE Sep-50 14040H0IJ -20,000.00 -32 Call X 0 0 X 0 0
CAPITAL ONE Sep-50 14040H0IJ -31,000.00 -50 Call X 0 0 X 0 0
CAPITAL ONE Sep-50 14040H0IJ -47,000.00 -77 Call X 0 0 X 0 0
CAPITAL ONE Jun-45 14040H0RI -47,000.00 -138 Put X 0 0 X 0 0
CAPITAL ONE Jun-45 14040H0RI -32,000.00 -96 Put X 0 0 X 0 0
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 388,000.00 8,100 X 0 0 X 0 0
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 412,000.00 8,600 X 0 0 X 0 0
Page 2 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 662,000.00 13,800 X 0 0 X 0 0
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 609,000.00 12,700 X 0 0 X 0 0
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 1,879,000.00 39,200 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 294,000.00 6,650 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 500,000.00 11,300 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 1,772,000.00 40,050 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 633,000.00 14,300 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 458,000.00 10,350 X 0 0 X 0 0
CCB FINANCIAL CORP Common Stock 124875105 80,000.00 1,800 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 1,592,000.00 34,747 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 536,000.00 11,700 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 570,000.00 12,450 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 412,000.00 8,997 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 266,000.00 5,800 X 0 0 X 0 0
CENTURA BANKS INC Common Stock 15640T100 57,000.00 1,250 X 0 0 X 0 0
CHARTER ONE FINANCIAL INC Common Stock 160903100 271,000.00 12,912 X 0 0 X 0 0
CHARTER ONE FINANCIAL INC Common Stock 160903100 1,453,000.00 69,214 X 0 0 X 0 0
CHARTER ONE FINANCIAL INC Common Stock 160903100 630,000.00 30,000 X 0 0 X 0 0
CHARTER ONE FINANCIAL INC Common Stock 160903100 409,000.00 19,484 X 0 0 X 0 0
CHARTER ONE FINANCIAL INC Common Stock 160903100 555,000.00 26,450 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW Common Stock 16161A108 1,657,000.00 19,000 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW Common Stock 16161A108 419,000.00 4,800 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW Common Stock 16161A108 445,000.00 5,100 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW Common Stock 16161A108 270,000.00 3,100 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW Common Stock 16161A108 575,000.00 6,600 X 0 0 X 0 0
CHASE MANTN JUN 85 AMEX 16161A0FQ -58,000.00 -67 Call X 0 0 X 0 0
CHASE MANTN JUN 85 AMEX 16161A0FQ -15,000.00 -17 Call X 0 0 X 0 0
Page 3 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANTN JUN 85 AMEX 16161A0FQ -9,000.00 -11 Call X 0 0 X 0 0
CHASE MANTN JUN 85 AMEX 16161A0FQ -16,000.00 -18 Call X 0 0 X 0 0
CHASE MANTN JUN 85 AMEX 16161A0FQ -20,000.00 -23 Call X 0 0 X 0 0
CHASE MNHATN SEP 85 AMEX 16161A0IQ -19,000.00 -16 Call X 0 0 X 0 0
CHASE MNHATN SEP 85 AMEX 16161A0IQ -75,000.00 -63 Call X 0 0 X 0 0
CHASE MNHATN SEP 85 AMEX 16161A0IQ -20,000.00 -17 Call X 0 0 X 0 0
CHASE MNHATN SEP 85 AMEX 16161A0IQ -26,000.00 -22 Call X 0 0 X 0 0
CHASE MNHATN SEP 85 AMEX 16161A0IQ -12,000.00 -10 Call X 0 0 X 0 0
CHASE MNHATN SEP 95 AMEX 16161A0IS -16,000.00 -21 Call X 0 0 X 0 0
CHASE MNHATN SEP 95 AMEX 16161A0IS -12,000.00 -15 Call X 0 0 X 0 0
CHASE MNHATN SEP 95 AMEX 16161A0IS -8,000.00 -10 Call X 0 0 X 0 0
CHASE MNHATN SEP 95 AMEX 16161A0IS -47,000.00 -60 Call X 0 0 X 0 0
CHASE MNHATN SEP 95 AMEX 16161A0IS -12,000.00 -16 Call X 0 0 X 0 0
CHASE MNHATTN JUNE 90 AMEX 16161A0RR -14,000.00 -17 Put X 0 0 X 0 0
CHASE MNHATTN JUNE 90 AMEX 16161A0RR -54,000.00 -67 Put X 0 0 X 0 0
CHASE MNHATTN JUNE 90 AMEX 16161A0RR -18,000.00 -23 Put X 0 0 X 0 0
CHASE MNHATTN JUNE 90 AMEX 16161A0RR -9,000.00 -11 Put X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 611,000.00 18,150 X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 153,000.00 4,550 X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 39,000.00 1,150 X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 177,000.00 5,250 X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 211,000.00 6,250 X 0 0 X 0 0
CITY NATIONAL CORP Common Stock 178566105 99,000.00 2,950 X 0 0 X 0 0
COLONIAL BANCGROUP INC Common Stock 195493309 69,000.00 6,400 X 0 0 X 0 0
COLONIAL BANCGROUP INC Common Stock 195493309 231,000.00 21,500 X 0 0 X 0 0
COLONIAL BANCGROUP INC Common Stock 195493309 45,000.00 4,200 X 0 0 X 0 0
COLONIAL BANCGROUP INC Common Stock 195493309 99,000.00 9,200 X 0 0 X 0 0
Page 4 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 176,000.00 4,200 X 0 0 X 0 0
COMERICA INC Common Stock 200340107 436,000.00 10,400 X 0 0 X 0 0
COMERICA INC Common Stock 200340107 1,126,000.00 26,900 X 0 0 X 0 0
COMERICA INC Common Stock 200340107 272,000.00 6,500 X 0 0 X 0 0
COMERICA INC Common Stock 200340107 607,000.00 14,500 X 0 0 X 0 0
COMERICA INC APR 40 PBW 2003400DH -4,000.00 -13 Call X 0 0 X 0 0
COMERICA INC APR 40 PBW 2003400DH -7,000.00 -22 Call X 0 0 X 0 0
COMERICA INC JUL 45 PBW 2003400GI -46,000.00 -141 Call X 0 0 X 0 0
COMERICA INC JUL 45 PBW 2003400GI -17,000.00 -51 Call X 0 0 X 0 0
COMERICA INC JUL 45 PBW 2003400GI -11,000.00 -35 Call X 0 0 X 0 0
COMERICA INC JUL 45 PBW 2003400GI -16,000.00 -48 Call X 0 0 X 0 0
COMERICA INC JUL 45 PBW 2003400GI -7,000.00 -23 Call X 0 0 X 0 0
COMERICA INC JUL 40 PBW 2003400SH -7,000.00 -23 Put X 0 0 X 0 0
COMERICA INC JUL 40 PBW 2003400SH -11,000.00 -35 Put X 0 0 X 0 0
COMERICA INC JUL 40 PBW 2003400SH -42,000.00 -139 Put X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 128,000.00 7,700 X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 376,000.00 22,600 X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 93,000.00 5,600 X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 98,000.00 5,900 X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 17,000.00 1,000 X 0 0 X 0 0
COMMERCIAL FEDERAL CORP Common Stock 201647104 60,000.00 3,600 X 0 0 X 0 0
COUNTRYWIDE APR 25 PBW 2223720PE -1,000.00 -39 Put X 0 0 X 0 0
COUNTRYWIDE APR 25 PBW 2223720PE -8,000.00 -240 Put X 0 0 X 0 0
COUNTRYWIDE APR 25 PBW 2223720PE -2,000.00 -60 Put X 0 0 X 0 0
COUNTRYWIDE APR 25 PBW 2223720PE -3,000.00 -83 Put X 0 0 X 0 0
COUNTRYWIDE CREDIT INDS INC Common Stock 222372104 16,000.00 600 X 0 0 X 0 0
COUNTRYWIDE CREDIT INDS INC Common Stock 222372104 101,000.00 3,700 X 0 0 X 0 0
Page 5 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CREDIT INDS INC Common Stock 222372104 25,000.00 900 X 0 0 X 0 0
COUNTRYWIDE CREDIT INDS INC Common Stock 222372104 27,000.00 1,000 X 0 0 X 0 0
COUNTRYWIDE CREDIT INDS INC Common Stock 222372104 35,000.00 1,300 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 1,224,000.00 46,300 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 192,000.00 7,250 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 411,000.00 15,550 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 45,000.00 1,700 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 385,000.00 14,550 X 0 0 X 0 0
CULLEN FROST BANKERS INC Common Stock 229899109 292,000.00 11,050 X 0 0 X 0 0
CVB FINANCIAL CORP Common Stock 126600105 69,000.00 4,900 X 0 0 X 0 0
FIRST SEC 10-Apr 3362940PB -3,000.00 -91 Put X 0 0 X 0 0
FIRST SEC 10-Apr 3362940PB -2,000.00 -65 Put X 0 0 X 0 0
FIRST SEC 10-Apr 3362940PB -2,000.00 -42 Put X 0 0 X 0 0
FIRST SEC 10-Apr 3362940PB -10,000.00 -262 Put X 0 0 X 0 0
FIRST SECURITY CORP-DEL Common Stock 336294103 304,000.00 25,300 X 0 0 X 0 0
FIRST SECURITY CORP-DEL Common Stock 336294103 869,000.00 72,400 X 0 0 X 0 0
FIRST SECURITY CORP-DEL Common Stock 336294103 217,000.00 18,100 X 0 0 X 0 0
FIRST SECURITY CORP-DEL Common Stock 336294103 233,000.00 19,400 X 0 0 X 0 0
FIRST SECURITY CORP-DEL Common Stock 336294103 138,000.00 11,500 X 0 0 X 0 0
FIRST TENN N AUG 20 PBW 3371620HD -43,000.00 -162 Call X 0 0 X 0 0
FIRST TENN N AUG 20 PBW 3371620HD -31,000.00 -118 Call X 0 0 X 0 0
FIRST TENN N AUG 20 PBW 3371620HD -124,000.00 -474 Call X 0 0 X 0 0
FIRST TENN N AUG 20 PBW 3371620HD -20,000.00 -77 Call X 0 0 X 0 0
FIRST TENN N AUG 20 PBW 3371620HD -41,000.00 -157 Call X 0 0 X 0 0
FIRST TENN N AUG 22.5 PBW 3371620HX -2,000.00 -12 Call X 0 0 X 0 0
FIRST TENN N AUG 22.5 PBW 3371620HX -1,000.00 -4 Call X 0 0 X 0 0
FIRST TENN N AUG 22.5 PBW 3371620HX 0.00 -2 Call X 0 0 X 0 0
Page 6 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENN N AUG 22.5 PBW 3371620HX -1,000.00 -4 Call X 0 0 X 0 0
FIRST TENN N AUG 22.5 PBW 3371620HX -1,000.00 -3 Call X 0 0 X 0 0
FIRST TENN N AUG 22 PBW 3371620HE -1,000.00 -6 Call X 0 0 X 0 0
FIRST TENN N AUG 22 PBW 3371620HE 0.00 -4 Call X 0 0 X 0 0
FIRST TENN N AUG 22 PBW 3371620HE -3,000.00 -25 Call X 0 0 X 0 0
FIRST TENN N AUG 22 PBW 3371620HE -1,000.00 -8 Call X 0 0 X 0 0
FIRST TENN N AUG 22 PBW 3371620HE -1,000.00 -7 Call X 0 0 X 0 0
FIRST TENN N AUG 30 PBW 3371620HF -4,000.00 -62 Call X 0 0 X 0 0
FIRST TENN N AUG 30 PBW 3371620HF -11,000.00 -179 Call X 0 0 X 0 0
FIRST TENN N AUG 30 PBW 3371620HF -3,000.00 -48 Call X 0 0 X 0 0
FIRST TENN N AUG 30 PBW 3371620HF -2,000.00 -29 Call X 0 0 X 0 0
FIRST TENN N AUG 30 PBW 3371620HF -3,000.00 -45 Call X 0 0 X 0 0
FIRST TENN N AUG 15 PBW 3371620TC -10,000.00 -171 Put X 0 0 X 0 0
FIRST TENN N AUG 15 PBW 3371620TC -2,000.00 -27 Put X 0 0 X 0 0
FIRST TENN N AUG 15 PBW 3371620TC -2,000.00 -43 Put X 0 0 X 0 0
FIRST TENN N AUG 15 PBW 3371620TC -3,000.00 -59 Put X 0 0 X 0 0
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 437,000.00 21,500 X 0 0 X 0 0
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 480,000.00 23,650 X 0 0 X 0 0
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 1,402,000.00 69,000 X 0 0 X 0 0
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 351,000.00 17,300 X 0 0 X 0 0
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 228,000.00 11,200 X 0 0 X 0 0
FIRST UNION JUL 30 PSE 3373580GF -31,000.00 -39 Call X 0 0 X 0 0
FIRST UNION JUL 30 PSE 3373580GF -29,000.00 -37 Call X 0 0 X 0 0
FIRST UNION JUL 30 PSE 3373580GF -117,000.00 -149 Call X 0 0 X 0 0
FIRST UNION JUL 30 PSE 3373580GF -19,000.00 -24 Call X 0 0 X 0 0
FIRST UNION JUL 30 PSE 3373580GF -40,000.00 -51 Call X 0 0 X 0 0
FIRST UNION CORP Common Stock 337358105 188,000.00 5,050 X 0 0 X 0 0
Page 7 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 369,000.00 9,900 X 0 0 X 0 0
FIRST UNION CORP Common Stock 337358105 291,000.00 7,800 X 0 0 X 0 0
FIRST UNION CORP Common Stock 337358105 402,000.00 10,800 X 0 0 X 0 0
FIRST UNION CORP Common Stock 337358105 1,162,000.00 31,200 X 0 0 X 0 0
FIRSTAR CORP JUN 22.5 33763V0FX -22,000.00 -69 Call X 0 0 X 0 0
FIRSTAR CORP JUN 22.5 33763V0FX -29,000.00 -93 Call X 0 0 X 0 0
FIRSTAR CORP JUN 22.5 33763V0FX -84,000.00 -269 Call X 0 0 X 0 0
FIRSTAR CORP JUN 22.5 33763V0FX -21,000.00 -66 Call X 0 0 X 0 0
FIRSTAR CORP WIS-NEW Common Stock 33763V109 153,000.00 6,650 X 0 0 X 0 0
FIRSTAR CORP WIS-NEW Common Stock 33763V109 213,000.00 9,300 X 0 0 X 0 0
FIRSTAR CORP WIS-NEW Common Stock 33763V109 617,000.00 26,900 X 0 0 X 0 0
FIRSTAR CORP WIS-NEW Common Stock 33763V109 158,000.00 6,900 X 0 0 X 0 0
FIRSTAR CORP WIS-NEW Common Stock 33763V109 99,000.00 4,300 X 0 0 X 0 0
FLEETBOSTON FINL CORP Common Stock 339030108 303,000.00 8,300 X 0 0 X 0 0
FLEETBOSTON FINL CORP Common Stock 339030108 735,000.00 20,150 X 0 0 X 0 0
FLEETBOSTON FINL CORP Common Stock 339030108 369,000.00 10,100 X 0 0 X 0 0
FLEETBOSTON FINL CORP Common Stock 339030108 2,124,000.00 58,200 X 0 0 X 0 0
FLEETBOSTON FINL CORP Common Stock 339030108 245,000.00 6,700 X 0 0 X 0 0
FRANKLIN RES MAY 30 PSE 3546130QF -3,000.00 -31 Put X 0 0 X 0 0
FRANKLIN RES MAY 30 PSE 3546130QF -18,000.00 -193 Put X 0 0 X 0 0
FRANKLIN RES MAY 30 PSE 3546130QF -6,000.00 -67 Put X 0 0 X 0 0
FRANKLIN RES MAY 30 PSE 3546130QF -5,000.00 -48 Put X 0 0 X 0 0
GOLDEN WEST FINANCIAL CORP-DEL Common Stock 381317106 9,000.00 300 X 0 0 X 0 0
GOLDEN WEST FINANCIAL CORP-DEL Common Stock 381317106 16,000.00 500 X 0 0 X 0 0
GOLDEN WEST FINANCIAL CORP-DEL Common Stock 381317106 9,000.00 300 X 0 0 X 0 0
GOLDEN WEST FINANCIAL CORP-DEL Common Stock 381317106 6,000.00 200 X 0 0 X 0 0
GOLDEN WEST FINANCIAL CORP-DEL Common Stock 381317106 41,000.00 1,300 X 0 0 X 0 0
Page 8 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
IMPERIAL BAN JUN 22.5 4525560RX 0.00 -11 Put X 0 0 X 0 0
INVESTORS FINANCIAL SERVICES Common Stock 461915100 35,000.00 600 X 0 0 X 0 0
KEYCORP NEW Common Stock 493267108 135,000.00 7,100 X 0 0 X 0 0
KEYCORP NEW Common Stock 493267108 847,000.00 44,600 X 0 0 X 0 0
KEYCORP NEW Common Stock 493267108 211,000.00 11,100 X 0 0 X 0 0
KEYCORP NEW Common Stock 493267108 291,000.00 15,300 X 0 0 X 0 0
KEYCORP NEW Common Stock 493267108 374,000.00 19,700 X 0 0 X 0 0
KEYCORP NEW JUN 17.5 4932670FW -44,000.00 -153 Call X 0 0 X 0 0
KEYCORP NEW JUN 17.5 4932670FW -32,000.00 -111 Call X 0 0 X 0 0
KEYCORP NEW JUN 17.5 4932670FW -128,000.00 -446 Call X 0 0 X 0 0
KEYCORP NEW 20-Sep 4932670ID -17,000.00 -71 Call X 0 0 X 0 0
KEYCORP NEW 20-Sep 4932670ID -48,000.00 -195 Call X 0 0 X 0 0
LENDINGTREE INC Common Stock 52602Q105 12,000.00 900 X 0 0 X 0 0
LENDINGTREE INC Common Stock 52602Q105 27,000.00 2,000 X 0 0 X 0 0
LENDINGTREE INC Common Stock 52602Q105 20,000.00 1,500 X 0 0 X 0 0
LENDINGTREE INC Common Stock 52602Q105 57,000.00 4,200 X 0 0 X 0 0
LENDINGTREE INC Common Stock 52602Q105 19,000.00 1,400 X 0 0 X 0 0
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 115,000.00 5,800 X 0 0 X 0 0
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 329,000.00 16,600 X 0 0 X 0 0
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 13,000.00 650 X 0 0 X 0 0
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 82,000.00 4,150 X 0 0 X 0 0
M & T BANK CORP COM Common Stock 55261F104 438,000.00 980 X 0 0 X 0 0
M & T BANK CORP COM Common Stock 55261F104 277,000.00 620 X 0 0 X 0 0
M & T BANK CORP COM Common Stock 55261F104 469,000.00 1,050 X 0 0 X 0 0
M & T BANK CORP COM Common Stock 55261F104 603,000.00 1,350 X 0 0 X 0 0
M & T BANK CORP COM Common Stock 55261F104 1,753,000.00 3,925 X 0 0 X 0 0
MARSH & MCLN May-85 5717480QQ 5,000.00 66 Put X 0 0 X 0 0
Page 9 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
MARSH & MCLN May-85 5717480QQ 1,000.00 10 Put X 0 0 X 0 0
MARSH & MCLN May-85 5717480QQ 1,000.00 16 Put X 0 0 X 0 0
MARSH & MCLN May-85 5717480QQ 2,000.00 23 Put X 0 0 X 0 0
MBNA CORP Common Stock 55262L100 143,000.00 5,600 X 0 0 X 0 0
MBNA CORP Common Stock 55262L100 64,000.00 2,500 X 0 0 X 0 0
MBNA CORP Common Stock 55262L100 107,000.00 4,200 X 0 0 X 0 0
MBNA CORP Common Stock 55262L100 408,000.00 16,000 X 0 0 X 0 0
MBNA CORP Common Stock 55262L100 102,000.00 4,000 X 0 0 X 0 0
MEDSTAT SYSTEMS INC Common Stock 585051105 49,000.00 2,000 X 0 0 X 0 0
MELLON FINCL JUNE 30 CBOE 5855090RF -26,000.00 -101 Put X 0 0 X 0 0
MELLON FINCL JUNE 30 CBOE 5855090RF -9,000.00 -35 Put X 0 0 X 0 0
MELLON FINCL JUNE 30 CBOE 5855090RF -6,000.00 -25 Put X 0 0 X 0 0
MELLON FINCL JUNE 30 CBOE 5855090RF -4,000.00 -16 Put X 0 0 X 0 0
MELLON FINL CORP Common Stock 58551A108 74,000.00 2,500 X 0 0 X 0 0
MELLON FINL CORP Common Stock 58551A108 156,000.00 5,250 X 0 0 X 0 0
MELLON FINL CORP Common Stock 58551A108 455,000.00 15,300 X 0 0 X 0 0
MELLON FINL CORP Common Stock 58551A108 113,000.00 3,800 X 0 0 X 0 0
MELLON FINL CORP Common Stock 58551A108 165,000.00 5,550 X 0 0 X 0 0
MELLON FNCL SEP 35 CBOE 58551A0IG -3,000.00 -13 Call X 0 0 X 0 0
MELLON FNCL SEP 35 CBOE 58551A0IG -16,000.00 -80 Call X 0 0 X 0 0
MELLON FNCL SEP 35 CBOE 58551A0IG -6,000.00 -29 Call X 0 0 X 0 0
MELLON FNCL SEP 35 CBOE 58551A0IG -5,000.00 -27 Call X 0 0 X 0 0
MELLON FNCL SEP 35 CBOE 58551A0IG -4,000.00 -20 Call X 0 0 X 0 0
MELLON FNCL JUNE 27.5 CBOE 58551A0RY -8,000.00 -53 Put X 0 0 X 0 0
MELLON FNCL JUNE 27.5 CBOE 58551A0RY -11,000.00 -74 Put X 0 0 X 0 0
MELLON FNCL JUNE 27.5 CBOE 58551A0RY -30,000.00 -212 Put X 0 0 X 0 0
MELLON FNCL JUNE 27.5 CBOE 58551A0RY -5,000.00 -34 Put X 0 0 X 0 0
Page 10 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANKSHARES CORP Common Stock 587405101 70,000.00 2,300 X 0 0 X 0 0
MERCANTILE BANKSHARES CORP Common Stock 587405101 110,000.00 3,600 X 0 0 X 0 0
MERCANTILE BANKSHARES CORP Common Stock 587405101 119,000.00 3,900 X 0 0 X 0 0
MERCANTILE BANKSHARES CORP Common Stock 587405101 18,000.00 600 X 0 0 X 0 0
MERCANTILE BANKSHARES CORP Common Stock 587405101 449,000.00 14,700 X 0 0 X 0 0
MERCANTILE BANKSHARES CORP Common Stock 587405101 153,000.00 5,000 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 54,000.00 1,900 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 152,000.00 5,400 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 6,000.00 200 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 42,000.00 1,500 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 25,000.00 900 X 0 0 X 0 0
NEUBERGER BERMAN INC Common Stock 641234109 37,000.00 1,300 X 0 0 X 0 0
NORTHERN TR JUL 65 CBOE 6658590GM -50,000.00 -49 Call X 0 0 X 0 0
NORTHERN TR JUL 65 CBOE 6658590GM -23,000.00 -22 Call X 0 0 X 0 0
NORTHERN TR JUL 65 CBOE 6658590GM -35,000.00 -34 Call X 0 0 X 0 0
NORTHERN TR JUL 65 CBOE 6658590GM -146,000.00 -142 Call X 0 0 X 0 0
NORTHERN TR JUL 70 CBOE 6658590GN -32,000.00 -38 Call X 0 0 X 0 0
NORTHERN TR JUL 70 CBOE 6658590GN -8,000.00 -9 Call X 0 0 X 0 0
NORTHERN TR JUL 70 CBOE 6658590GN -5,000.00 -6 Call X 0 0 X 0 0
NORTHERN TR JUL 70 CBOE 6658590GN -11,000.00 -13 Call X 0 0 X 0 0
NORTHERN TR MAY 60 CBOE 6658590QL 1,000.00 3 Put X 0 0 X 0 0
NORTHERN TR MAY 60 CBOE 6658590QL 1,000.00 4 Put X 0 0 X 0 0
NORTHERN TR MAY 60 CBOE 6658590QL 1,000.00 2 Put X 0 0 X 0 0
NORTHERN TR MAY 60 CBOE 6658590QL 3,000.00 11 Put X 0 0 X 0 0
PAINE WEBBER GROUP INC Common Stock 695629105 163,000.00 3,700 X 0 0 X 0 0
PAINE WEBBER GROUP INC Common Stock 695629105 642,000.00 14,600 X 0 0 X 0 0
PAINE WEBBER GROUP INC Common Stock 695629105 176,000.00 4,000 X 0 0 X 0 0
Page 11 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC Common Stock 695629105 220,000.00 5,000 X 0 0 X 0 0
PAINE WEBBER GROUP INC Common Stock 695629105 101,000.00 2,300 X 0 0 X 0 0
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 21,000.00 1,400 X 0 0 X 0 0
PNC FINANCIAL CORP Common Stock 693475105 397,000.00 8,800 X 0 0 X 0 0
PNC FINANCIAL CORP Common Stock 693475105 505,000.00 11,200 X 0 0 X 0 0
PNC FINANCIAL CORP Common Stock 693475105 234,000.00 5,200 X 0 0 X 0 0
PNC FINANCIAL CORP Common Stock 693475105 365,000.00 8,100 X 0 0 X 0 0
PNC FINANCIAL CORP Common Stock 693475105 1,514,000.00 33,600 X 0 0 X 0 0
PROSPERITY BANCSHARES INC Common Stock 743606105 52,000.00 3,500 X 0 0 X 0 0
PROVIDIAN CORP Common Stock 74406A102 377,000.00 4,350 X 0 0 X 0 0
PROVIDIAN CORP Common Stock 74406A102 165,000.00 1,900 X 0 0 X 0 0
PROVIDIAN CORP Common Stock 74406A102 1,542,000.00 17,800 X 0 0 X 0 0
PROVIDIAN CORP Common Stock 74406A102 429,000.00 4,950 X 0 0 X 0 0
PROVIDIAN CORP Common Stock 74406A102 251,000.00 2,900 X 0 0 X 0 0
PROVIDIAN FI JAN 105 CBOE 74407N1AA -14,000.00 -10 Call X 0 0 X 0 0
PROVIDIAN FI JAN 105 CBOE 74407N1AA -34,000.00 -25 Call X 0 0 X 0 0
PROVIDIAN FI JAN 105 CBOE 74407N1AA -120,000.00 -89 Call X 0 0 X 0 0
PROVIDIAN FI JAN 105 CBOE 74407N1AA -20,000.00 -15 Call X 0 0 X 0 0
PROVIDIAN FI JAN 105 CBOE 74407N1AA -30,000.00 -22 Call X 0 0 X 0 0
SEACOAST BANKING CORP FLA CL A Common Stock 811707108 49,000.00 1,900 Put X 0 0 X 0 0
SUMMIT BANC APR 25 CBOE 8660050PE -6,000.00 -67 Put X 0 0 X 0 0
SUMMIT BANC APR 25 CBOE 8660050PE -1,000.00 -16 Put X 0 0 X 0 0
SUMMIT BANC APR 25 CBOE 8660050PE -1,000.00 -11 Put X 0 0 X 0 0
SUMMIT BANC APR 25 CBOE 8660050PE -2,000.00 -23 Put X 0 0 X 0 0
SUMMIT BANC APR 30 CBOE 8660050PF -25,000.00 -58 Put X 0 0 X 0 0
SUMMIT BANC APR 30 CBOE 8660050PF -14,000.00 -33 Put X 0 0 X 0 0
SUMMIT BANC APR 30 CBOE 8660050PF -10,000.00 -22 Put X 0 0 X 0 0
Page 12 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC APR 30 CBOE 8660050PF -74,000.00 -169 Put X 0 0 X 0 0
SUMMIT BANCORP Common Stock 866005101 491,000.00 18,700 X 0 0 X 0 0
SUMMIT BANCORP Common Stock 866005101 168,000.00 6,400 X 0 0 X 0 0
SUMMIT BANCORP Common Stock 866005101 134,000.00 5,100 X 0 0 X 0 0
SUMMIT BANCORP Common Stock 866005101 165,000.00 6,300 X 0 0 X 0 0
SUMMIT BANCORP Common Stock 866005101 420,000.00 16,000 X 0 0 X 0 0
SUPERIOR FINL CORP DEL Common Stock 868161100 190,000.00 20,000 X 0 0 X 0 0
SUPERIOR FINL CORP DEL Common Stock 868161100 295,000.00 31,000 X 0 0 X 0 0
SUPERIOR FINL CORP DEL Common Stock 868161100 86,000.00 9,000 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 135,000.00 5,300 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 84,000.00 3,300 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 179,000.00 7,050 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 521,000.00 20,500 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 42,000.00 1,650 X 0 0 X 0 0
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 130,000.00 5,100 X 0 0 X 0 0
U S BANCORP SEP 22.5 9029730IX -22,000.00 -85 Call X 0 0 X 0 0
U S BANCORP 20-Jun 9029730FD -81,000.00 -259 Call X 0 0 X 0 0
U S BANCORP 20-Jun 9029730FD -20,000.00 -65 Call X 0 0 X 0 0
U S BANCORP 20-Jun 9029730FD -13,000.00 -41 Call X 0 0 X 0 0
U S BANCORP 20-Jun 9029730FD -28,000.00 -89 Call X 0 0 X 0 0
U S BANCORP SEP 17.5 9029730IW -38,000.00 -69 Call X 0 0 X 0 0
U S BANCORP SEP 17.5 9029730IW -30,000.00 -55 Call X 0 0 X 0 0
U S BANCORP SEP 17.5 9029730IW -14,000.00 -25 Call X 0 0 X 0 0
U S BANCORP SEP 17.5 9029730IW -1,000.00 -1 Call X 0 0 X 0 0
U S BANCORP SEP 17.5 9029730IW -109,000.00 -199 Call X 0 0 X 0 0
U S BANCORP SEP 22.5 9029730IX -64,000.00 -242 Call X 0 0 X 0 0
U S BANCORP SEP 22.5 9029730IX -20,000.00 -75 Call X 0 0 X 0 0
Page 13 of 15
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP SEP 22.5 9029730IX -24,000.00 -90 Call X 0 0 X 0 0
U S BANCORP SEP 22.5 9029730IX -37,000.00 -140 Call X 0 0 X 0 0
U S BANCORP-DEL Common Stock 902973106 427,000.00 19,500 X 0 0 X 0 0
U S BANCORP-DEL Common Stock 902973106 395,000.00 18,052 X 0 0 X 0 0
U S BANCORP-DEL Common Stock 902973106 532,000.00 24,300 X 0 0 X 0 0
U S BANCORP-DEL Common Stock 902973106 256,000.00 11,700 X 0 0 X 0 0
U S BANCORP-DEL Common Stock 902973106 1,531,000.00 70,000 X 0 0 X 0 0
U S TREASURY NOTE SER F-2000 Common Stock 912827K43 2,000,000.00 2,000,000 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 81,000.00 3,750 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 86,000.00 4,000 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 28,000.00 1,300 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 52,000.00 2,400 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 99,000.00 4,600 X 0 0 X 0 0
UCBH HOLDINGS INC Common Stock 90262T308 268,000.00 12,450 X 0 0 X 0 0
WASH MUT INC APR 25 AMEX 9393220DE -11,000.00 -51 Call X 0 0 X 0 0
WASH MUT INC APR 25 AMEX 9393220DE -26,000.00 -116 Call X 0 0 X 0 0
WASH MUT INC APR 25 AMEX 9393220DE -10,000.00 -45 Call X 0 0 X 0 0
WASH MUT INC APR 25 AMEX 9393220DE -5,000.00 -23 Call X 0 0 X 0 0
WASH MUT INC APR 25 AMEX 9393220DE -8,000.00 -35 Call X 0 0 X 0 0
WASHINGTON MUTUAL INC Common Stock 939322103 135,000.00 5,100 X 0 0 X 0 0
WASHINGTON MUTUAL INC Common Stock 939322103 307,000.00 11,600 X 0 0 X 0 0
WASHINGTON MUTUAL INC Common Stock 939322103 93,000.00 3,500 X 0 0 X 0 0
WASHINGTON MUTUAL INC Common Stock 939322103 61,000.00 2,300 X 0 0 X 0 0
WASHINGTON MUTUAL INC Common Stock 939322103 121,000.00 4,550 X 0 0 X 0 0
WESTAMERICA BANCORP Common Stock 957090103 286,000.00 10,300 X 0 0 X 0 0
WESTAMERICA BANCORP Common Stock 957090103 37,000.00 1,350 X 0 0 X 0 0
WESTAMERICA BANCORP Common Stock 957090103 89,000.00 3,200 X 0 0 X 0 0
Page 14 of 15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 8,000.00 300 X 0 0 X 0 0
WESTAMERICA BANCORP Common Stock 957090103 57,000.00 2,050 X 0 0 X 0 0
WESTAMERICA BANCORP Common Stock 957090103 210,000.00 7,550 X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ -1,000.00 -5 Call X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ -2,000.00 -11 Call X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ -2,000.00 -11 Call X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ -1,000.00 -8 Call X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ 0.00 -1 Call X 0 0 X 0 0
WILMINGTON MAY 50 PSE 9718070EJ -5,000.00 -34 Call X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 212,000.00 4,350 X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 75,000.00 1,550 X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 71,000.00 1,450 X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 32,000.00 650 X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 51,000.00 1,050 X 0 0 X 0 0
WILMINGTON TRUST CORP Common Stock 971807102 5,000.00 100 X 0 0 X 0 0
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 15 of 15
