<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
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: Kramer Capital Management, Inc.
Address: 767 Third Avenue
5th Floor
New York, New York 10017
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:
Name: Andrew B. Kramer
Title: Managing Member
Phone: (212) 906-1198
Signature, Place, and Date of Signing:
/s/ Andrew B. Kramer New York, New York 2/11/2000
_________________________ ____________________ _______________
[Signature] [City, State] [Date]
<PAGE>
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 manger(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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
2
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 195
Form 13F Information Table Value Total: $215,311,180
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
3
<PAGE>
<TABLE>
FORM 13F
Karmer Capital Management, Inc.
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ---------------- --------- -------- -------- ----------- -------- -------- -----------
TITLE OF OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- ---------------- -------- --------- -------- -------- -------- -------- -------- ----- ------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP Common 885535104000 131.60 2,800 n/a Yes None Yes No No
LABORATORIES Common 2824100000 305.03 8,400 n/a Yes None Yes No No
ALTRIS SOFTWARE
INC Common 22091102000 0.72 1,000 n/a Yes None Yes No No
AMERICA ONLINE
INC-DEL Common 02364J104000 9,278.87 123,000 n/a Yes None Yes No No
AMERICAN EXPRESS
COMPANY Common 25816109000 182.88 1,100 n/a Yes None Yes No No
AMERICAN HOME
PRODUCTS CORP Common 26609107000 55.21 1,400 n/a Yes None Yes No No
AMERICAN
INTERNATIONAL
GROUP Common 26874107000 3,913.69 36,196 n/a Yes None Yes No No
AMGEN INC Common 31162100000 10,547.06 175,600 n/a Yes None Yes No No
ASSOCIATES FIRST
CAPITAL CORP Common 46008108000 7.19 262 n/a Yes None Yes No No
AT&T CORP Common 1957109000 22.84 450 n/a Yes None Yes No No
AT&T CORP LIBERTY
MEDIA GROUP Common 1957208000 102.15 1,800 n/a Yes None Yes No No
AUSTRALIA & NZ
BKG GROUP Common 52528403000 9.98 400 n/a Yes None Yes No No
AUTOMATIC DATA
PROCESSING INC Common 53015103000 43.10 800 n/a Yes None Yes No No
BELLSOUTH CAP
FUNDING Common 79857207000 19.58 880 n/a Yes None Yes No No
BESTFOODS Common 08658U101000 21.03 400 n/a Yes None Yes No No
BP AMOCO PLC Common 55622104000 0.12 2 n/a Yes None Yes No No
BRISTOL MYERS
SQUIBB CO Common 110122108000 89.86 1,400 n/a Yes None Yes No No
CALL 3COM CORP
JAN 020 PSE Equity Option 88553R9A6048 1,150.00 400 Call Yes None n/a No No
CALL AMER INTL GP
JAN 056 CBOE Equity Option N/A 618.80 112 Call Yes None n/a No No
CALL AMER INTL GP
JAN 064 CBOE Equity Option 9999990AN 388.00 80 Call Yes None n/a No No
CALL AMER INTL GP
JAN 080 CBOE Equity Option 0269249A0168 121.50 30 Call Yes None n/a No No
CALL AMER ONLINE
JAN 040 **** Equity Option 27499W9A0088 8,662.50 2,100 Call Yes None n/a No No
CALL AMER ONLINE
4
<PAGE>
JAN 045 **** Equity Option 08999W9A5098 1,705.00 400 Call Yes None n/a No No
CALL AMER ONLINE
JAN 035 Equity Option 22799W9AG 1,417.50 350 Call Yes None n/a No No
CALL AMER ONLINE
JAN 11.25 Equity Option 02364M1AJ 4,893.75 750 Call Yes None n/a No No
CALL AMER ONLINE
JAN 27.50 Equity Option 27499W1AY 4,055.00 800 Call Yes None n/a No No
CALL AMER ONLINE
JAN 42.50 Equity Option 27499W1AV 777.50 200 Call Yes None n/a No No
CALL AMER ONLINE
JAN 50.00 Equity Option 18799W0AJ 901.25 350 Call Yes None n/a No No
CALL AMERICAN EXP
JAN 080 **** Equity Option 02581G9A7168 1,927.50 200 Call Yes None n/a No No
CALL AMGEN INC
JAN 015 AMEX Equity Option 0311639A8038 1,365.00 300 Call Yes None n/a No No
CALL AMGEN INC
JAN 025 AMEX Equity Option 03116U9A8058 927.00 240 Call Yes None n/a No No
CALL AMGEN INC
JAN 17.5AMEX Equity Option 0311639A8208 2,610.00 600 Call Yes None n/a No No
CALL AMGEN INC
JAN 10.00 Equity Option 0311600AB 1,503.75 300 Call Yes None n/a No No
CALL AT&T CORP
JAN 12.5AMEX Equity Option 87924V9A1228 164.06 35 Call Yes None n/a No No
CALL CENDANT CORP
JAN 010 **** Equity Option 1509479A9028 517.50 300 Call Yes None n/a No No
CALL CENDANT CORP
JAN 015 **** Equity Option 1509471AC 131.25 100 Call Yes None n/a No No
CALL CENDANT CORP
JAN 015 **** Equity Option 1509479A9038 131.25 100 Call Yes None n/a No No
CALL CENDANT CORP
JAN 020 **** Equity Option 1265508AD 132.50 200 Call Yes None n/a No No
CALL CENDENT CORP
JAN 015 **** Equity Option 9029639A7038 737.50 500 Call Yes None n/a No No
CALL CG
JAN/01 050.0000 Equity Option 1976481AJ 262.50 150 Call Yes None n/a No No
CALL CHASE MNHATN
JAN 040 AMEX Equity Option 16161J9A9088 3,479.31 895 Call Yes None n/a No No
CALL CHASE MNHATN
JAN 050 AMEX Equity Option 16161K9A6108 134.00 40 Call Yes None n/a No No
CALL CHASE MNHATN
JAN 060 AMEX Equity Option 16161J1AL 470.00 200 Call Yes None n/a No No
CALL CISCO SYSTEMS
JAN 030 **** Equity Option 17275T9AF 5,316.18 674 Call Yes None n/a No No
CALL CITIGROUP
JAN 020 **** Equity Option 8939269A5298 3,298.75 910 Call Yes None n/a No No
CALL CITIGROUP
JAN 090 **** Equity Option 1729309A9188 3,678.75 300 Call Yes None n/a No No
CALL CITIGROUP
JAN 110 **** Equity Option 1729309A9028 1,042.50 100 Call Yes None n/a No No
CALL CITIGROUP
JAN26.625**** Equity Option 8939269A5318 76.25 25 Call Yes None n/a No No
5
<PAGE>
CALL CITIGROUP
JAN 26.625 **** Equity Option 8939269AQ 907.50 300 Call Yes None n/a No No
CALL CITIGROUP
JAN 100 **** Equity Option 1729301AT 1,409.38 125 Call Yes None n/a No No
CALL CITIGROUP
JAN 110 **** Equity Option 1729301AB 1,556.25 150 Call Yes None n/a No No
CALL CITIGROUP
JAN 33.375 **** Equity Option 46399W9AT 223.75 100 Call Yes None n/a No No
CALL COMPAQ COMP
JAN 015 PSE Equity Option 2044979A1038 2,180.00 1,600 Call Yes None n/a No No
CALL COMPAQ COMP
JAN 015 PSE Equity Option 20449V9A8038 228.75 150 Call Yes None n/a No No
CALL COMPAQ COMP
JAN 025 PSE Equity Option 2044971AE 310.00 400 Call Yes None n/a No No
CALL ELI LILLY
JAN 055 AMEX Equity Option 5319479A9118 75.00 40 Call Yes None n/a No No
CALL EMC CORP
JAN 050 CBOE Equity Option 2689259A4108 1,504.25 220 Call Yes None n/a No No
CALL ENRON CORP
JAN 020 CBOE Equity Option 2939139A9048 1,900.00 760 Call Yes None n/a No No
CALL ENRON CORP
JAN 025 CBOE Equity Option 2939139A9058 451.00 220 Call Yes None n/a No No
CALL FED NATL MTG
JAN 040 PBW Equity Option 31358X0AH 113.44 50 Call Yes None n/a No No
CALL FED NATL MTG
JAN 040 PBW Equity Option 3135869A9088 67.50 30 Call Yes None n/a No No
CALL FED NATL MTG
JAN 050 PBW Equity Option 31358Y1AJ 340.00 200 Call Yes None n/a No No
CALL FREDDIE MAC
JAN 035 AMEX Equity Option 3129219A9078 226.88 150 Call Yes None n/a No No
CALL FREDDIE MAC
JAN 050 AMEX Equity Option 3129209A1108 40.00 40 Call Yes None n/a No No
CALL HEWLETT PACK
JAN 045 CBOE Equity Option 42823T9A3098 1,713.00 240 Call Yes None n/a No No
CALL HOME DEPOT
JAN 23.375 Equity Option 58599W1AT 1,383.75 300 Call Yes None n/a No No
CALL INTEL CORP
JAN 030 AMEX Equity Option 45814D9A2068 7,739.00 1,420 Call Yes None n/a No No
CALL INTEL CORP
JAN 040 AMEX Equity Option 45814G9A5088 193.50 40 Call Yes None n/a No No
CALL INTEL CORP
JAN 050 AMEX Equity Option 45814D9A2108 2,940.00 800 Call Yes None n/a No No
CALL INTEL CORP
JAN 055 AMEX Equity Option 4581409A0118 276.25 100 Call Yes None n/a No No
CALL INTEL CORP
JAN 030 AMEX Equity Option 45499W9A2 421.00 80 Call Yes None n/a No No
CALL INTEL CORP
JAN 030 AMEX Equity Option 45814D1AF 1,738.00 320 Call Yes None n/a No No
CALL INTEL CORP
JAN 035 AMEX Equity Option 45814D1AG 1,992.50 400 Call Yes None n/a No No
CALL LUCENT TECH
6
<PAGE>
JAN 025 **** Equity Option 54946C9A7058 309.00 60 Call Yes None n/a No No
CALL MCI WORLDCO
JAN26.625**** Equity Option 58299W9A7058 58.50 20 Call Yes None n/a No No
CALL MCI WORLDCO
JAN46.625**** Equity Option 58199W9A8198 36.50 20 Call Yes None n/a No No
CALL MCI WORLDCOM
JAN/2001 40.00 Equity Option 55268B1AH 178.75 100 Call Yes None n/a No No
CALL MORGAN STANL
JAN 040 **** Equity Option 6169329A9088 3,093.75 300 Call Yes None n/a No No
CALL MOTOROLA INC
JAN 050 AMEX Equity Option 6200799A3108 997.50 100 Call Yes None n/a No No
CALL NEXTEL COMM
JAN 030 CBOE Equity Option 6529019A9068 3,856.25 500 Call Yes None n/a No No
CALL NOVELL INC
JAN 015 AMEX Equity Option 6699449A0038 260.00 100 Call Yes None n/a No No
CALL ORBITAL SCI
JAN 020 **** Equity Option 6859419A6048 215.00 400 Call Yes None n/a No No
CALL PFIZER INC
JAN 030 AMEX Equity Option 7170859A4068 222.75 220 Call Yes None n/a No No
CALL PFIZER INC
JAN 23.375 AMEX Equity Option 7170849A7228 4,161.75 3,615 Call Yes None n/a No No
CALL PFIZER INC
JAN 26.625 AMEX Equity Option 7170841AW 1,110.00 1,200 Call Yes None n/a No No
CALL PHIL MOR COS
JAN 035 AMEX Equity Option 7181549AG 0.88 140 Call Yes None n/a No No
CALL SAFEWAY INC
JAN 050 **** Equity Option 7869131AJ 62.50 200 Call Yes None n/a No No
CALL SCHERING PLGH
JAN 035 PSE Equity Option 8066059AG 76.25 100 Call Yes None n/a No No
CALL SCHERING PLOUGH
JAN 35 Equity Option 8066052AG 322.50 200 Call Yes None n/a No No
CALL SCHERNG PLGH
JAN 035 PSE Equity Option 8066051AG 130.00 100 Call Yes None n/a No No
CALL SCHERNG PLGH
JAN 035 PSE Equity Option 8066099A3078 47.25 30 Call Yes None n/a No No
CALL SCHLUMBERGER
JAN 060 **** Equity Option 8069049A8298 172.50 100 Call Yes None n/a No No
CALL SEAGATE TECH
JAN 025 Equity Option 8118050AE 656.25 300 Call Yes None n/a No No
CALL SOLECTRON CP
JAN 050 CBOE Equity Option 83418F9A8108 293.25 60 Call Yes None n/a No No
CALL SUN MICRO
JAN 020 PSE Equity Option 86681D9A6048 1,205.00 200 Call Yes None n/a No No
CALL SUN MICROS
JAN 12.5PSE Equity Option 8668129A0198 2,625.00 400 Call Yes None n/a No No
CALL SUN MICROS
JAN 7.50 Equity Option 8668121AQ 1,412.50 200 Call Yes None n/a No No
CALL TANDY CORP
JAN 030 **** Equity Option 8749229A7068 487.50 200 Call Yes None n/a No No
CALL TEXAS INSTRS
JAN 045 CBOE Equity Option 8825109A0098 110.75 20 Call Yes None n/a No No
7
<PAGE>
CALL TIME WARNER
JAN 040 PBW Equity Option 88731N9A0088 174.38 50 Call Yes None n/a No No
CALL WAL-MART STR
JAN 030 CBOE Equity Option 9311441AF 1,642.50 400 Call Yes None n/a No No
CAMDEN CNTY N J
PLLTN CTL FING Common 132814AV6060 1,429.10 15,000 n/a Yes None Yes No No
CENDANT CORP Common 151313103000 37.19 1,400 n/a Yes None Yes No No
CENDANT CORP-INCOME
PRIDES Common 151313301000 74.75 2,000 n/a Yes None Yes No No
CHASE MANHATTAN
CORP NEW Common 16161A108000 40.09 516 n/a Yes None Yes No No
CISCO SYSTEMS INC Common 17275R102000 27,027.64 252,300 n/a Yes None Yes No No
CITIGROUP INC Common 172967101000 4,743.01 85,300 n/a Yes None Yes No No
COCA COLA CO NTS Bond 191216AE0020 48.16 50,000 n/a Yes None n/a No No
COLUMBIA/HCA
HEALTHCARE CORP Common 197677107000 21.98 750 n/a Yes None Yes No No
COOPER CAMERON CORP Common 216640102000 19.58 400 n/a Yes None Yes No No
CORN PRODUCTS
INTERNATIONAL Common 219023108000 3.28 100 n/a Yes None Yes No No
COUNTRYWIDE HOME
LOANS INC Bond 22237LGP1060 24.95 25,000 n/a Yes None n/a No No
CVS CORP Common 126650100000 39.94 1,000 n/a Yes None Yes No No
DANIELSON HOLDING
CORP Common 236274106000 238.03 41,396 n/a Yes None Yes No No
DQE Common 23329J104000 13.85 400 n/a Yes None Yes No No
EATON VANCE SR
INCOME TR-SBI Common 27826S103000 28.13 3,000 n/a Yes None Yes No No
ELI LILLY & CO Common 532457108000 212.80 3,200 n/a Yes None Yes No No
ENRON CORP Common 293561106000 142.00 3,200 n/a Yes None Yes No No
EVERGREEN
INTERNATIONAL Common 299924100000 21.06 2,173 n/a Yes None Yes No No
EXXON MOBIL CORP Common 30231G102000 32.23 400 n/a Yes None Yes No No
FANNIE MAE Common 313586109000 4,414.36 70,700 n/a Yes None Yes No No
FEDERAL HOME LN MTG
CORP MLTCL Bond 3133T1HU9060 13.60 14,914 n/a Yes None n/a No No
FEDERAL HOME LN MTG
CORP MLTCL Bond 3133TJAN3060 93.11 100,000 n/a Yes None n/a No No
FEDERAL NATIONAL
MTGE ASSN Bond 31364CAQ1060 38.99 40,000 n/a Yes None n/a No No
FEDERAL NATL MTG
ASSN GTD Bond 31359EQL8060 53.96 59,302 n/a Yes None n/a No No
FEDERAL NATL MTG
ASSN GTD Bond 31359EZA2060 206.19 214,959 n/a Yes None n/a No No
FIRST DATA CORP Common 319963104000 24.66 500 n/a Yes None Yes No No
FIRST UNION CORP Common 337358105000 13.13 400 n/a Yes None Yes No No
FORD MOTOR CO Common 345370100000 26.72 500 n/a Yes None Yes No No
FREDDIE MAC-VOTING
COMMON Common 313400301000 5,501.64 116,900 n/a Yes None Yes No No
GENERAL ELEC CAP
CORP-SUB NTS Bond 369622DG7060 36.31 35,000 n/a Yes None n/a No No
GENERAL ELECTRIC CO Common 369604103000 61.90 400 n/a Yes None Yes No No
8
<PAGE>
GILLETTE CO Common 375766102000 11.12 270 n/a Yes None Yes No No
HEWLETT PACKARD CO Common 428236103000 1,139.38 10,000 n/a Yes None Yes No No
HOME DEPOT INC Common 437076102000 3,912.30 57,000 n/a Yes None Yes No No
HOMELAND STORES INC Bond 437394AD1060 15.98 20,000 n/a Yes None n/a No No
HRPT PROPERTIES
TR-SBI Common 40426W101000 4.95 550 n/a Yes None Yes No No
INDYMAC MTG HLDGS
INC Common 456607100000 12.75 1,000 n/a Yes None Yes No No
INTEL CORP Common 458140100000 4,181.49 50,800 n/a Yes None Yes No No
ITT CORP Bond 450679AP0020 45.71 45,000 n/a Yes None n/a No No
JOHN HANCOCK
FINANCIAL Common 409905601000 21.84 1,397 n/a Yes None Yes No No
JOHNSON & JOHNSON Common 478160104000 83.81 900 n/a Yes None Yes No No
LAS VEGAS RESORTS
CORP Common 517831103000 0.10 19,704 n/a Yes None Yes No No
LIFEPOINT HOSPITALS
INC Common 53219L109000 0.46 39 n/a Yes None Yes No No
MCDONALDS CORP Common 580135101000 48.38 1,200 n/a Yes None Yes No No
MCI WORLDCOM INC Common 55268B106000 1,782.92 33,600 n/a Yes None Yes No No
MERCK & CO INC Common 589331107000 67.06 1,000 n/a Yes None Yes No No
MONEY STORE TR
1996-D ASSET Common 60935BBV0060 - 120,000 n/a Yes None Yes No No
MONSANTO CO Common 611662107000 21.38 600 n/a Yes None Yes No No
MOTOROLA INC Common 620076109000 44.18 300 n/a Yes None Yes No No
NATIONAL INFORMATION Common 636491102000 32.00 1,000 n/a Yes None Yes No No
NATIONSLINK FUNDING Bond 63859CAB9020 30.10 30,000 n/a Yes None n/a No No
NEWKIDCO
INTERNATIONAL INC Common 651482101000 60.00 20,000 n/a Yes None Yes No No
PERRIGO CO Common 714290103000 12.00 1,500 n/a Yes None Yes No No
PFIZER INC Common 717081103000 5,553.36 171,200 n/a Yes None Yes No No
PHILIP MORRIS
COMPANIES INC Common 718154107000 23.19 1,000 n/a Yes None Yes No No
PIMCO ADVISORS
HOLDINGS LP Common 69338P102000 18.84 500 n/a Yes None Yes No No
POTASH CORP OF
SASKATCHEWAN Common 73755L107000 14.46 300 n/a Yes None Yes No No
PRIME RETAIL
INC-8.50% CONV Bond 741570303000 0.12 1,000 n/a Yes None n/a No No
PROCTER & GAMBLE CO Common 742718109000 43.83 400 n/a Yes None Yes No No
RESERVE FUND
PRIMARY Common 524.38 524,383 n/a Yes None Yes No No
ROCKEFELLER CTR-
ZERO CPN- Bond 773102AA6020 25.05 30,000 n/a Yes None n/a No No
SCHERING PLOUGH
CORP Common 806605101000 84.38 2,000 n/a Yes None Yes No No
SCHLUMBERGER LTD Common 806857108000 39.38 700 n/a Yes None Yes No No
SEARS CR ACCOUNT
MASTER TR II Bond 81234CAW1060 - 60,000 n/a Yes None n/a No No
SENIOR HSG PPTYS TR Common 81721M109000 0.68 55 n/a Yes None Yes No No
SOLECTRON CORP Common 834182107000 123.66 1,300 n/a Yes None Yes No No
SOLUTIA INC Common 834376105000 1.85 120 n/a Yes None Yes No No
9
<PAGE>
STRIPS-TINT-
05/15/2003 Bond 912833FS4060 121.27 150,000 n/a Yes None n/a No No
SUN MICROSYSTEMS
INC Common 866810104000 4,646.28 60,000 n/a Yes None Yes No No
TANDY CORP Common 875382103000 9.84 200 n/a Yes None Yes No No
TEXAS INSTRUMENTS
INC Common 882508104000 5,851.25 60,400 n/a Yes None Yes No No
THIRD AVENUE SMALL-
CAP VALUE Common 884116203000 20.80 1,677 n/a Yes None Yes No No
THIRD AVENUE VALUE
FUND INC Common 884116104000 21.36 594 n/a Yes None Yes No No
TIME WARNER INC
(HOLDING CO) Common 887315109000 4,568.33 63,100 n/a Yes None Yes No No
TRADITIONAL INDS
INC SUB DEB Bond 892682AA3020 - 1,100,000 n/a Yes None n/a No No
TRANSOCEAN SEDCO
FOREX INC Common G90078109000 31.46 934 n/a Yes None Yes No No
TRIAD HOSPITAL INC Common 89579K109000 0.59 39 n/a Yes None Yes No No
TRICON GLOBAL
RESTAURANTS INC Common 895953107000 2.32 60 n/a Yes None Yes No No
TUPPERWARE CORP Common 899896104000 6.78 400 n/a Yes None Yes No No
U S TREAS STRIP-
TINT 2/15/01 Bond 912833CD0060 140.25 150,000 n/a Yes None n/a No No
U S TREAS STRIP-
TINT 2/15/02 Bond 912833CF5060 131.53 150,000 n/a Yes None n/a No No
U S TREAS STRIP-
TINT-2/15/00 Bond 912833CB4060 104.34 105,000 n/a Yes None n/a No No
UIT VAN KAMPEN
AMER CAP #092 Q Common 920959806000 20.02 2,800 n/a Yes None Yes No No
UNITED STATES
TREASURY BONDS Bond 912810EL8060 68.07 60,000 n/a Yes None n/a No No
UNITED STATES
TREASURY NOTES Bond 912827T28060 100.28 100,000 n/a Yes None n/a No No
UNITED STATES
TREASURY NOTES Bond 912827Z62060 49.87 50,000 n/a Yes None n/a No No
UTS HSBC BK PLC-
SPONSORED Common 44328M302000 21.63 1,000 n/a Yes None Yes No No
VAN KAMPEN SENIOR
INCOME TRUST Common 920961109000 40.63 5,000 n/a Yes None Yes No No
VIACOM INC-CL B Common 925524308000 1,208.76 20,000 n/a Yes None Yes No No
VODAFONE AIRTOUCH
PLC Common 92857T107000 61.88 1,250 n/a Yes None Yes No No
WAL-MART STORES INC Common 931142103000 4,147.50 60,000 n/a Yes None Yes No No
WAL-MART STORES NTS Bond 931142AV5020 51.05 50,000 n/a Yes None n/a No No
WALT DISNEY CO
HOLDING CO Common 254687106000 17.55 600 n/a Yes None Yes No No
WILLIAMS COMPANIES
INC Common 969457100000 27.51 900 n/a Yes None Yes No No
Proof 215,311.18 4,929,083
</TABLE> 215,311.18 4,929,083
02745002.AA0
10
