UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year Ended: June 30, 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: BBT Fund, L.P.
Address: 201 Main Street, Suite 3200
Fort Worth, Texas 76102
Form 13F File Number: 28-5275
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 and 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 Report Manager:
Name: W.R. Cotham
Title: Vice President of General Partner of General Partner
Phone: 817/390-8400
Signature, Place, and Date of Signing:
/s/ W.R. Cotham Fort Worth, Texas August 11, 2000
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 172
Form 13F Information Table Value Total: $1,000,385 (thousands)
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE VALUE SHARES SH/ PUT INVSTMNT OTHR VOTING AUTHORITY
OF / /
NAME OF ISSUER CLASS CUSIP (X$10 PRN PRN CLL DISCRETN MGRS SOLE SHRD NONE
00) AMT
<S> <C>
AT&T CORP OPT 001957109 9488 300000 PRN CAL
L
ASM LITHOGRAPHY 00207EAB6 6794 5000 PRN Sole 5000
HOLDINGS
AT & T CDA INC OPT 00207Q202 1659 50000 PRN CAL
L
ABERCROMBIE & CL A 002896207 853 70000 SH Sole 70000
FITCH CO
AFFYMETRIX INC SB NT 00826TAC2 10990 14000 PRN Sole 14000
CV 1
ALBERTSONS INC OPT 013104104 665 20000 PRN CAL
L
ALLEGHENY ENERGY COM 017361106 15089 551200 SH Sole 551200
INC
ALPHARMA INC SR SB 020813AD3 1986 1000 PRN Sole 1000
NT C
AMERICAN EAGLE COM 02553E106 560 40000 SH Sole 40000
OUTFITTERS NEW
ANNTAYLOR STORES COM 036115103 497 15000 SH Sole 15000
CORP
APPLE COMPUTER COM 037833100 367 7000 SH Sole 7000
INC
ARCHITEL SYS CORP COM 039917109 3165 120000 SH Sole 120000
AT HOME CORP 045919AF4 6323 9000 PRN Sole 9000
BANK OF AMERICA OPT 060505104 4300 100000 PRN CAL
CORPORATION L
BEAR STEARNS CO. OPT 073902108 4163 100000 PRN CAL
L
BEAR STEARNS CO. OPT 073902108 4163 100000 PRN PUT
BESTFOODS COM 08658U101 23060 333000 SH Sole 333000
CKE RESTAURANTS SB NT 12561EAB1 2613 5500 PRN Sole 5500
INC CV 4
CLECO CORP NEW COM 12561W105 7404 221000 SH Sole 221000
CMP GROUP INC COM 125887109 7832 267200 SH Sole 267200
CMS ENERGY CORP COM 125896100 19913 900000 SH Sole 900000
CVS CORP COM 126650100 2280 57000 SH Sole 57000
CHECKFREE HLDGS SUB 162816AA0 9955 10250 PRN Sole 10250
CORP NT CV
CISCO SYS INC OPT 17275R102 6356 100000 PRN CAL
L
CITIGROUP INC OPT 172967101 6025 100000 PRN CAL
L
CLEAR CHANNEL OPT 184502102 3000 40000 PRN CAL
COMMUNICATIONS L
CLEAR CHANNEL OPT 184502102 2250 30000 PRN PUT
COMMUNICATIONS
COCA COLA CO COM 191216100 1855 32300 SH Sole 32300
COCA COLA CO OPT 191216100 5744 100000 PRN CAL
L
COCA COLA CO OPT 191216100 11488 200000 PRN PUT
COMCAST CORP CL A 200300200 1551 38300 PRN Sole 38300
SPL
COMCAST OPT 200300200 405 10000 PRN CAL
CORPORATION L
COMCAST OPT 200300200 2025 50000 PRN PUT
CORPORATION
CONECTIV INC COM 206829103 1751 112500 SH Sole 112500
CONEXANT SYSTEMS SB NT 207142AD2 7775 10000 PRN Sole 10000
INC CV 1
CONEXANT SYSTEMS SUB 207142AF7 5443 7000 PRN Sole 7000
INC NT
CON
CONSOLIDATED COM 209759109 8643 236400 SH Sole 236400
PAPERS INC
CONSTELLATION COM 210371100 14301 439200 SH Sole 439200
ENERGY CORP
COSTCO WHSL CORP COM 22160K105 825 25000 SH Sole 25000
NEW
DIAMOND OFFSHORE DEB 25271CAB8 7500 16000 PRN Sole 16000
DRILLING INC ZRO
CV
DOUBLECLICK INC COM 258609304 1906 50000 SH Sole 50000
DOUBLECLICK INC OPT 258609304 1906 50000 PRN CAL
L
DOUBLECLICK INC OPT 258609304 1906 50000 PRN PUT
DUKE ENERGY CORP COM 264399106 2176 38600 SH Sole 38600
DYNEGY INC NEW CL A 26816Q101 1018 14900 SH Sole 14900
E TRADE GROUP INC SUB 269246AA2 6834 7500 PRN Sole 7500
NT CV
E TRADE GROUP 269246AB0 2734 3000 PRN Sole 3000
ECHOSTAR 278762AB5 6685 7000 PRN Sole 7000
COMMUNICATIONS
CORP
EFFICIENT SB NT 282056AA8 12020 16000 PRN Sole 16000
NETWORKS INC CV 1
EL PASO ELEC CO COM 283677854 6153 550000 SH Sole 550000
NEW
ENERGY EAST CORP COM 29266M109 3734 195900 SH Sole 195900
FAMILY DLR STORES COM 307000109 1369 70000 SH Sole 70000
INC
FEDERAL NATL MTG COM 313586109 1670 32000 SH Sole 32000
ASSN
FEDERAL NATL MTG OPT 313586109 7828 150000 PRN PUT
ASSN
FLOWERS INDS INC COM 343496105 923 46300 SH Sole 46300
FRIEDE GOLDMAN SR SB 358430AA4 8336 13500 PRN Sole 13500
HALTER INC NTCV
GPU INC COM 36225X100 13531 500000 SH Sole 500000
GTE CORPORATION OPT 362320103 6848 110000 PRN CAL
L
GAP INC DEL OPT 364760108 938 30000 PRN PUT
GILAT SATELLITE 375255AC0 5156 7500 PRN Sole 7500
NETWORKS LTD
HEALTHSOUTH CORP COM 421924101 97 13500 SH Sole 13500
HEALTHSOUTH CORP SB DB 421924AF8 19813 25000 PRN Sole 25000
CV 3
INTEL CORP COM 458140100 6872 51400 SH Sole 51400
INTEL CORP OPT 458140100 13369 100000 PRN CAL
L
INTEL CORP OPT 458140100 20053 150000 PRN PUT
INTERIM SVCS INC SUB 45868PAA8 11663 15000 PRN Sole 15000
NT CV
INTERNATIONAL COM 459655106 3141 150000 SH Sole 150000
HOME FOODS INC
IPALCO COM 462613100 7044 350000 SH Sole 350000
ENTERPRISES INC
JDS UNIPHASE CORP COM 46612J101 2062 17200 SH Sole 17200
JONES APPAREL COM 480074103 705 30000 SH Sole 30000
GROUP INC
JUNIPER NETWORKS SB NT 48203RAA2 9990 9000 PRN Sole 9000
INC CV 4
KANSAS CITY PWR & COM 485134100 1571 69800 SH Sole 69800
LT CO
KING OPT 495582108 1207 27500 PRN CAL
PHARMACEUTICALS L
INC
LAMAR ADVERTISING NT CV 512815AF8 7788 7000 PRN Sole 7000
CO 5
LENNAR CORP SR DB 526057AA2 17744 42500 PRN Sole 42500
CV Z
LINENS N THINGS COM 535679104 1500 55300 SH Sole 55300
INC
LODGIAN INC COM 54021P106 29 12200 SH Sole 12200
LOWES COS INC COM 548661107 2784 67800 SH Sole 67800
LOWES COS INC OPT 548661107 821 20000 PRN PUT
MARTIN MARIETTA COM 573284106 477 11800 SH Sole 11800
MATLS INC
MAYTAG CORP OPT 578592107 738 20000 PRN CAL
L
MCDONALDS OPT 580135101 3294 100000 PRN CAL
CORPORATION L
METRICOM INC COM 591596101 2218 40000 SH Sole 40000
MICROSOFT CORP COM 594918104 2320 29000 SH Sole 29000
MICROSOFT CORP OPT 594918104 4000 50000 PRN CAL
L
MICROSOFT CORP OPT 594918104 14000 175000 PRN PUT
MILLENNIUM SUB 599902AA1 10456 7000 PRN Sole 7000
PHARMACEUTICALS NT CV
INC
MINNESOTA PWR INC COM 604110106 3030 175000 SH Sole 175000
MOLEX INC CL A 608554200 700 20000 SH Sole 20000
MONTANA POWER CO COM 612085100 2472 70000 SH Sole 70000
MORGAN STANLEY OPT 617446448 3746 45000 PRN CAL
DEAN WITTER&CO L
NRG ENERGY INC COM 629377102 2738 150000 SH Sole 150000
NUI CORP COM 629430109 4050 150000 SH Sole 150000
NABISCO HLDGS CL A 629526104 16595 316100 SH Sole 316100
CORP
NABORS INDUSTRIES 629568AC0 18319 30000 PRN Sole 30000
INC.
NASDAQ 100 TR UNIT 631100104 2796 30000 PRN Sole 30000
SER 1
NATIONAL FUEL GAS COM 636180102 3656 75000 SH Sole 75000
CO N J
NEW CENTURY COM 64352U103 2733 91100 SH Sole 91100
ENERGIES INC
NEXTLINK OPT 65333H707 10319 272000 PRN CAL
COMMUNICATIONS L
INC
NIAGARA MOHAWK COM 653520106 700 50200 SH Sole 50200
HLDGS INC
NORTHEAST UTILS COM 664397106 2175 100000 SH Sole 100000
NORTHWEST AIRLS OPT 667280101 304 10000 PRN CAL
CORP L
OGDEN CORP COM 676346109 279 31000 SH Sole 31000
P-COM INC SB NT 693262AC1 5140 7907 PRN Sole 7907
CV 4
PG&E CORP COM 69331C108 4376 177700 SH Sole 177700
PPL CORP COM 69351T106 12939 589800 SH Sole 589800
PAIRGAIN OPT 695934109 5128 150000 PRN PUT
TECHNOLOGIES INC
PALM INC OPT 696642107 1669 50000 PRN CAL
L
PALM INC OPT 696642107 3838 115000 PRN PUT
PEOPLES ENERGY COM 711030106 5335 164800 SH Sole 164800
CORP
PEPSICO INC COM 713448108 1600 36000 SH Sole 36000
PEPSICO INC OPT 713448108 13331 300000 PRN PUT
PERSONNEL GROUP SB NT 715338AE9 2163 5000 PRN Sole 5000
AMER INC CV 5
PFIZER INC OPT 717081103 4800 100000 PRN CAL
L
PFIZER INC OPT 717081103 4800 100000 PRN PUT
PINNACLE HLDGS 72346NAC5 11188 12500 PRN Sole 12500
PRIDE INTL INC SB DB 741932AB3 3188 7500 PRN Sole 7500
CV Z
PUBLIC SVC CO N COM 744499104 3135 203100 SH Sole 203100
MEX
PUBLIC SVC COM 744573106 17437 503600 SH Sole 503600
ENTERPRISE GROUP
QUESTAR CORP COM 748356102 1938 100000 SH Sole 100000
QWEST OPT 749121109 34284 690000 PRN CAL
COMMUNICATIONS L
INTL INC
READ-RITE CORP COM 755246105 97 43700 SH Sole 43700
READ-RITE CORP SUB 755246AB1 5800 10000 PRN Sole 10000
NT
CON
REDBACK NETWORKS SB NT 757209AA9 20610 18000 PRN Sole 18000
INC CV 1
RELIASTAR FINL COM 75952U103 7866 150000 SH Sole 150000
CORP
RES-CARE INC COM 760943100 183 34100 SH Sole 34100
ROSS STORES INC COM 778296103 427 25000 SH Sole 25000
SFX ENTMT INC CL A 784178105 997 22000 SH Sole 22000
SAFEWAY INC COM 786514208 1128 25000 SH Sole 25000
NEW
SALTON INC COM 795757103 996 27000 SH Sole 27000
SCANA CORP NEW COM 80589M102 2413 100000 SH Sole 100000
SCHEIN COM 806416103 3888 179800 SH Sole 179800
PHARMACEUTICAL
INC
SCHWAB CHARLES COM 808513105 1952 58050 SH Sole 58050
CORP NEW
SCHWAB CHARLES OPT 808513105 6725 200000 PRN CAL
CORP NEW L
SCHWAB CHARLES OPT 808513105 5212 155000 PRN PUT
CORP NEW
SEAGATE COM 811804103 21687 394300 SH Sole 394300
TECHNOLOGY
SEGATE TECHNOLOGY OPT 811804103 9790 178000 PRN CAL
INC L
SEGATE TECHNOLOGY OPT 811804103 1375 25000 PRN PUT
INC
SIERRA PAC RES COM 826428104 2619 208500 SH Sole 208500
NEW
SNYDER COM 832914105 5964 251100 SH Sole 251100
COMMUNICATIONS SNC
INC
SOLECTRON 834182AK3 25550 40000 PRN Sole 40000
CORPORATION
SOUTH JERSEY INDS COM 838518108 902 34700 SH Sole 34700
INC
SPORTS AUTH INC SB NT 849176AC6 7810 10699 PRN Sole 10699
CV 5
STANDARD MTR SB DB 85366AB1 804 1500 PRN Sole 1500
PRODS INC CV 6
SUNBEAM CORP SRSDC 867071AA0 4913 30000 PRN Sole 30000
V ZRO
SUNBEAM CORP SR SD 867071AD4 3414 20850 PRN Sole 20850
CV Z
SUNRISE ASSISTED SUB 86768KAC0 8600 10000 PRN Sole 10000
LIVING INC NT CV
TENET HEALTHCARE COM 88033G100 540 20000 SH Sole 20000
CORP
3COM CORP COM 885535104 6471 112300 SH Sole 112300
TIME WARNER INC COM 887315109 1801 23700 SH Sole 23700
TIME WARNER OPT 887315109 7600 100000 PRN PUT
TYCO OPT 902124106 9475 200000 PRN CAL
INTERNATIONAL L
UNICOM CORP COM 904911104 14013 362200 SH Sole 362200
UNICOM CORP OPT 904911104 1722 44500 PRN CAL
L
UNION PAC RES COM 907834105 16456 748000 SH Sole 748000
GROUP INC
U S WEST INC NEW COM 91273H101 8575 100000 SH Sole 100000
UTILICORP UTD INC COM 918005109 9938 500000 SH Sole 500000
VASTAR RES INC COM 922380100 2464 30000 SH Sole 30000
VITESSE SB DB 928497AA4 13875 15000 PRN Sole 15000
SEMICONDUCTOR CV 1
CORP
WASHINGTON GAS LT COM 938837101 2406 100000 SH Sole 100000
CO
WEATHERFORD 947074AA8 5400 10000 PRN Sole 10000
INTERNATIONAL
INC.
WESTERN DIGITAL COM 958102105 3500 700000 SH Sole 700000
CORP
WHOLE FOODS MKT SB DB 966837AC0 16172 45000 PRN Sole 45000
INC CV Z
WILLIAMS COS INC COM 969457100 4423 106100 SH Sole 106100
DEL
WORLDCOM INC OPT 98157D106 4588 100000 PRN CAL
L
WORLDCOM INC OPT 98157D106 4588 100000 PRN PUT
YOUNG & RUBICAM SUB 98725AA3 5094 5000 PRN Sole 5000
INC NT CV
ZIFF-DAVIS INC COM 989511100 1827 203000 SH Sole 203000
ZD
ZIFF-DAVIS INC COM 989511209 387 43000 SH Sole 43000
ZDNET
ZIONS OPT 989701107 3901 85000 PRN CAL
BANCORPORATION L
GLOBAL CROSSING OPT G3921A100 1710 65000 PRN CAL
LTD L
GLOBAL CROSSING OPT G3921A100 1053 40000 PRN PUT
LTD
</TABLE>
