UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter 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: BNP Paribas Arbitrage SNC (US Branch)
Address: 555 Croton Road, 4th Floor
King of Prussia, PA 19406
13F File Number: 28-17790
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: Christian Menestrier
Title: Chief Administrative Officer
Phone: 610-491-1511
Signature, Place, and Date of Signing:
Christian Menestrier
King of Prussia, PA
July 27, 2000
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 manager(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
managers(s).)
List of Other Managers Reporting for this Manager:
**NONE**
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: 1719
Form 13F Information Table Value Total: 4745707
List of Other Included Managers:
No. 13F File Number Name
**NONE**
<PAGE>
<TABLE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 1 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COM 999000409 0 55000 SH PUT SOLE 55000 0 0
COM 783936107 0 250000 SH PUT SOLE 250000 0 0
3 COM CORP COM 885535104 11525 200000 SH PUT SOLE 200000 0 0
3 COM CORP COM 885535104 4778 82915 SH SOLE 82915 0 0
3 COM CORP COM 885535104 2420 42000 SH CALL SOLE 42000 0 0
4 KIDS ENTERTAINMENT INC COM 350865101 227 8700 SH SOLE 8700 0 0
A G EDWARDS INCORPORATED COM 281760108 3089 79197 SH SOLE 79197 0 0
A H BELO & CO SER A COM 080555105 1633 94298 SH SOLE 94298 0 0
A SCHULMAN INCORPORATED COM 808194104 295 24472 SH SOLE 24472 0 0
A T & T CORP COM 001957109 82873 2620493 SH SOLE 2620493 0 0
A T & T CORP COM 001957109 10594 335000 SH PUT SOLE 335000 0 0
ABBOTT LABORATORIES COM 002824100 10591 237669 SH SOLE 237669 0 0
ABERCROMBIE & FITCH CO CL A COM 002896207 990 81238 SH SOLE 81238 0 0
AC NIELSON COM 004833109 977 44426 SH SOLE 44426 0 0
ACCLAIM ENTERTAINMENT INC COM 004325205 19 13492 SH SOLE 13492 0 0
ACCRUE SOFTWARE INC COM 00437W102 206 5800 SH SOLE 5800 0 0
ACT MANUFACTURING INC COM 000973107 316 6800 SH SOLE 6800 0 0
ACT MFG INC 144A CONV BOND BOND CV 000973AA5 8065 6562000 PRN SOLE 0 0 0
ACTEL CORP COM 004934105 356 7795 SH SOLE 7795 0 0
ACTIVE SOFTWEAR INC COM 00504E100 396 5100 SH SOLE 5100 0 0
ACTUATE CORP COM 00508B102 382 7150 SH SOLE 7150 0 0
ACTV INC COM 00088E104 319 21335 SH SOLE 21335 0 0
ACUSON CORPORATION COM 005113105 243 18016 SH SOLE 18016 0 0
ACXIOM CORP COM 005125109 1718 63038 SH SOLE 63038 0 0
ADAPTEC INC COM 00651F108 466 20483 SH SOLE 20483 0 0
ADAPTIVE BROADBAND CORP COM 00650M104 446 12126 SH SOLE 12126 0 0
ADC TELECOMMUNICATIONS INC COM 000886101 22491 268147 SH SOLE 268147 0 0
ADELPHIA BUSINESS SOLUTIONS COM 006847107 321 13848 SH SOLE 13848 0 0
ADELPHIA COMMUNICATIONS PFD CV 006848402 652 4435 SH SOLE 4435 0 0
ADELPHIA COMMUNICATIONS COM 006848105 313 6677 SH SOLE 6677 0 0
ADOBE SYSTEMS INC COM 00724F101 3065 23578 SH SOLE 23578 0 0
ADTRAN INC COM 00738A106 1564 26115 SH SOLE 26115 0 0
ADVANCED DIGITAL INFO CORP COM 007525108 367 23032 SH SOLE 23032 0 0
ADVANCED ENERGY IND NOTES BOND CV 007973AA8 11686 8625000 PRN SOLE 0 0 0
ADVANCED MICRO DEVICES INC COM 007903107 1708 22105 SH SOLE 22105 0 0
ADVANCED RADIO TELECOM CORP COM 00754U101 149 10220 SH SOLE 10220 0 0
ADVANCED TISSUE SCIENCES INC COM 00755F103 88 11000 SH SOLE 11000 0 0
ADVANTICA RESTAURANT GROUP COM 00758B109 10 10390 SH SOLE 10390 0 0
ADVENT SOFTWARE INC COM 007974108 600 9298 SH SOLE 9298 0 0
AEROFLEX INC COM 007768104 337 6785 SH SOLE 6785 0 0
AES CORP COM 00130H105 2205 48319 SH SOLE 48319 0 0
AES TRUST III CONV PFD 6.75% PFD CV 00808N202 8059 110719 SH SOLE 110719 0 0
AETHER SYSTEMS CONV SUB NOTES BOND CV 00808VAA3 5475 5156000 PRN SOLE 0 0 0
AETNA LIFE & CASUALTY CO COM 008117103 1083 16878 SH SOLE 16878 0 0
AFFILIATED COMPUTER SVCS COM 008190100 1144 34605 SH SOLE 34605 0 0
AFFYMETRIX 144A CONV NTS BOND CV 00826TAA6 8911 6000000 PRN SOLE 0 0 0
AFFYMETRIX INC COM 00826T108 217 1317 SH SOLE 1317 0 0
AFFYMETRIX INC SUM NTS CONV BOND CV 00826TAB4 3064 2063000 PRN SOLE 0 0 0
AFLAC INC COM 001055102 1345 29272 SH SOLE 29272 0 0
AGCO CORP COM 001084102 595 48598 SH SOLE 48598 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 5052 68506 SH SOLE 68506 0 0
AGL RESOURCES INC COM 001204106 696 43659 SH SOLE 43659 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 797 25851 SH SOLE 25851 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 2 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AIRBORNE FGHT CORP COM 009266107 639 33719 SH SOLE 33719 0 0
AIRGAS INC COM 009363102 276 48487 SH SOLE 48487 0 0
AIRTRAN HOLDINGS INC COM 00949P108 82 19808 SH SOLE 19808 0 0
AK STEEL HOLDING CORP COM 001547108 606 75750 SH SOLE 75750 0 0
ALASKA AIR GROUP INCORPORATED COM 011659109 651 23986 SH SOLE 23986 0 0
ALBANY INTL CORP CL A COM 012348108 312 21530 SH SOLE 21530 0 0
ALBEMARLE CORP COM 012653101 669 33871 SH SOLE 33871 0 0
ALBERTO-CULVER COMPANY CL B COM 013068101 630 20609 SH SOLE 20609 0 0
ALBERTSON INCORPORATED COM 013104104 1871 56269 SH SOLE 56269 0 0
ALCAN ALUMINUM LIMITED COM 013716105 21375 689506 SH SOLE 689506 0 0
ALCOA INC COM 013817101 3906 134677 SH SOLE 134677 0 0
ALCOA INC COM 013817101 580 20000 SH CALL SOLE 20000 0 0
ALEXANDER & BALDWIN INC COM 014482103 785 35564 SH SOLE 35564 0 0
ALEXION PHARMACEUTICALS BOND CV 015351AA7 6347 7500000 PRN SOLE 0 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 265 3700 SH SOLE 3700 0 0
ALFA CORP COM 015385107 228 13001 SH SOLE 13001 0 0
ALKERMES INC COM 01642T108 292 6190 SH SOLE 6190 0 0
ALKMERES INC 144A PRVT PLCMT BOND CV 01642TAA6 3216 3750000 PRN SOLE 0 0 0
ALKMERES INC CONV SUB NOTES BOND CV 01642TAB4 1407 1641000 PRN SOLE 0 0 0
ALLEGHANY CORP NEW COM 017175100 550 3274 SH SOLE 3274 0 0
ALLEGHENY ENERGY INC COM 017361106 2356 86079 SH SOLE 86079 0 0
ALLERGAN INC COM 018490102 1243 16679 SH SOLE 16679 0 0
ALLIANCE SEMICONDUCTOR CORP COM 01877H100 241 9830 SH SOLE 9830 0 0
ALLIANT ENERGY CORP COM 018802108 1360 52317 SH SOLE 52317 0 0
ALLIED CAPITAL CORP COM 01903Q108 377 22153 SH SOLE 22153 0 0
ALLIED RISER COMMUNICATIONS COM 019496108 220 15600 SH SOLE 15600 0 0
ALLIED RISER CORP CONV 144A BOND CV 019496AA6 5136 4922000 PRN SOLE 0 0 0
ALLMERICA FINANCIAL CORP. COM 019754100 2514 48009 SH SOLE 48009 0 0
ALLSTATE CORP COM 020002101 2631 118230 SH SOLE 118230 0 0
ALLTEL CORPORATION COM 020039103 2555 41249 SH SOLE 41249 0 0
ALPHARMA INC - CL A COM 020813101 543 8718 SH SOLE 8718 0 0
ALPHARMA INC 144A PRVT PLCT BOND CV 020813AC5 4598 2400000 PRN SOLE 0 0 0
ALPHARMA INC CONV 144A PVT PLC BOND CV 020813AA9 9333 4250000 PRN SOLE 0 0 0
ALPHARMA INC CONV SUB NOTES BOND CV 020813AB7 7651 3484000 PRN SOLE 0 0 0
ALTERA CORP COM 021441100 4541 44542 SH SOLE 44542 0 0
AMAZON COMM INC COM 023135106 4176 115000 SH CALL SOLE 115000 0 0
AMAZON COMM INC COM 023135106 8533 235000 SH PUT SOLE 235000 0 0
AMAZON COMM INC COM 023135106 15634 430532 SH SOLE 430532 0 0
AMBAC INC COM 023139108 2712 49474 SH SOLE 49474 0 0
AMCORE FINANCIAL INC COM 023912108 197 10782 SH SOLE 10782 0 0
AMERADA HESS CORPORATION COM 023551104 516 8353 SH SOLE 8353 0 0
AMEREN CORP COM 023608102 626 18559 SH SOLE 18559 0 0
AMERICA ONLINE INC COM 02364J104 11855 225000 SH PUT SOLE 225000 0 0
AMERICA ONLINE INC COM 02364J104 36141 685944 SH SOLE 685944 0 0
AMERICA ONLINE INC COM 02364J104 32666 620000 SH CALL SOLE 620000 0 0
AMERICAN EAGLE OUTFITTERS COM 02553E106 413 29476 SH SOLE 29476 0 0
AMERICAN ELECTRIC POWER CO COM 025537101 1978 66761 SH SOLE 66761 0 0
AMERICAN EXPRESS CO COM 025816109 10405 199616 SH SOLE 199616 0 0
AMERICAN FINANCIAL GROUP COM 025932104 720 29003 SH SOLE 29003 0 0
AMERICAN GENERAL CORPORATION COM 026351106 2081 34109 SH SOLE 34109 0 0
AMERICAN GREETINGS CORP COM 026375105 615 32389 SH SOLE 32389 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 12760 217195 SH SOLE 217195 0 0
AMERICAN INTL GROUP INC COM 026874107 23126 196819 SH SOLE 196819 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 3 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN NATIONAL CAN GROUP COM 027714104 241 14300 SH SOLE 14300 0 0
AMERICAN POWER CONVERSION COR COM 029066107 1616 39607 SH SOLE 39607 0 0
AMERICAN POWER CONVERSION COR COM 029066107 2857 70000 SH CALL SOLE 70000 0 0
AMERICAN STANDARD COS INC COM 029712106 1919 46815 SH SOLE 46815 0 0
AMERICAN SUPERCONDUCTOR CORP COM 030111108 243 5030 SH SOLE 5030 0 0
AMERICAN WATER WORKS CO INC COM 030411102 1285 51401 SH SOLE 51401 0 0
AMERICREDIT CORP COM 03060R101 371 21822 SH SOLE 21822 0 0
AMERISOURCE HEALTH CORP COM 03071P102 356 11493 SH SOLE 11493 0 0
AMERITRADE HLD INC SER 144A PR BOND CV 03072HAA7 1014 1650000 PRN SOLE 0 0 0
AMETEK AEROSPACE PRODUCTS COM 031100100 477 27260 SH SOLE 27260 0 0
AMF BOWLING INC COM 03113V109 7 39511 SH SOLE 39511 0 0
AMGEN INC COM 031162100 11240 160000 SH CALL SOLE 160000 0 0
AMGEN INC COM 031162100 2108 30000 SH PUT SOLE 30000 0 0
AMGEN INC COM 031162100 12726 181151 SH SOLE 181151 0 0
AMKOR TECHNOLOGIES INC COM 031652100 380 10751 SH SOLE 10751 0 0
AMPEX CORP COM 032092108 37 21953 SH SOLE 21953 0 0
AMR CORP COM 001765106 787 29751 SH SOLE 29751 0 0
AMRESCO INC COM 031909104 11 19202 SH SOLE 19202 0 0
AMSOUTH BANCORPORATION COM 032165102 869 55153 SH SOLE 55153 0 0
AMYLIN PHARMACEUTICALS COM 032346108 254 16700 SH SOLE 16700 0 0
ANADARKO PETROLEUM CORP COM 032511107 761 15436 SH SOLE 15436 0 0
ANADIGICS INC. COM 032515108 398 11687 SH SOLE 11687 0 0
ANALOG DEVICES INCORPORATED COM 032654105 3676 48373 SH SOLE 48373 0 0
ANALYSTS INTERNATIONAL CORP COM 032681108 96 10289 SH SOLE 10289 0 0
ANAREN MICROWAVE INC COM 032744104 420 3200 SH SOLE 3200 0 0
ANCHOR COMMUNICATIONS INC COM 03332K108 429 12007 SH SOLE 12007 0 0
ANDREW CORPORATION COM 034425108 674 20080 SH SOLE 20080 0 0
ANDRX CORP COM 034551101 352 5500 SH SOLE 5500 0 0
ANHEUSER BUSCH INCORPORATED COM 035229103 7425 99413 SH SOLE 99413 0 0
ANN TAYLOR STORES CORP. COM 036115103 335 10104 SH SOLE 10104 0 0
ANSWERTHINK INC COM 036916104 196 11816 SH SOLE 11816 0 0
ANTEC CORP COM 03664P105 1059 25480 SH SOLE 25480 0 0
ANTEC CORP CONV SUB NOTES BOND CV 03664PAB1 9306 5152000 PRN SOLE 0 0 0
AON CORP COM 037389103 1281 41240 SH SOLE 41240 0 0
APACHE CORPORATION COM 037411105 1047 17804 SH SOLE 17804 0 0
APEX INC COM 037548104 250 5722 SH SOLE 5722 0 0
APOLLO GROUP INC COM 037604105 1641 58597 SH SOLE 58597 0 0
APPLE COMPUTER INC COM 037833100 5761 110000 SH CALL SOLE 110000 0 0
APPLE COMPUTER INC COM 037833100 4536 86601 SH SOLE 86601 0 0
APPLE COMPUTER INC COM 037833100 3143 60000 SH PUT SOLE 60000 0 0
APPLEBEES COM 037899101 376 12389 SH SOLE 12389 0 0
APPLIED MATERIALS INC COM 038222105 11746 129614 SH SOLE 129614 0 0
APPLIED MICRO CIRCUITS CORP COM 03822W109 1052 10650 SH SOLE 10650 0 0
APPNET SYSTEMS INC COM 03831Q101 364 10100 SH SOLE 10100 0 0
APRIA HEALTHCARE GROUP COM 037933108 529 43162 SH SOLE 43162 0 0
ARCH COAL INC COM 039380100 127 16562 SH SOLE 16562 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 869 88525 SH SOLE 88525 0 0
ARDEN REALTY GROUP INC COM 039793104 371 15800 SH SOLE 15800 0 0
ARIBA INC COM 04033V104 11275 115000 SH CALL SOLE 115000 0 0
ARNOLD INDS COM 042595108 265 21984 SH SOLE 21984 0 0
ARROW ELECTRONICS INCORPORATE COM 042735100 2085 67259 SH SOLE 67259 0 0
ARTESYN TECHNOLOGIES INC COM 043127109 234 8396 SH SOLE 8396 0 0
ARTHROCARE CORP COM 043136100 341 6400 SH SOLE 6400 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 4 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARTHUR J. GALLAGHER & COMPANY COM 363576109 426 10139 SH SOLE 10139 0 0
ARVIN INDUSTRIES INCORPORATED COM 043339100 268 15396 SH SOLE 15396 0 0
ASIA PACIFIC FUND COM 044901106 442 45600 SH SOLE 45600 0 0
ASPECT COMMUNICATIONS INC COM 04523Q102 236 5996 SH SOLE 5996 0 0
ASPEN TECHNOLOGY INC COM 045327103 460 11958 SH SOLE 11958 0 0
ASSOCIATED-BANC CORP COM 045487105 910 41715 SH SOLE 41715 0 0
ASSOCIATES FIRST CAPITAL COM 046008207 1 30473 SH SOLE 30473 0 0
ASSOCIATES FIRST CAPITAL CORP COM 046008108 2039 91378 SH SOLE 91378 0 0
ASTORIA FINANCIAL CORPORATION COM 046265104 1197 46504 SH SOLE 46504 0 0
ASYST TECHNOLOGIES INC COM 04648X107 408 11903 SH SOLE 11903 0 0
AT HOME CORP SER A COM 045919107 610 29402 SH SOLE 29402 0 0
ATLANTIC COAST AIRLINES HLDGS COM 048396105 209 6583 SH SOLE 6583 0 0
ATLAS AIR INC COM 049164106 252 7021 SH SOLE 7021 0 0
ATMEL CORP COM 049513104 5931 160840 SH SOLE 160840 0 0
ATMI INC COM 00207R101 325 6990 SH SOLE 6990 0 0
ATWOOD OCEANICS INC COM 050095108 243 5468 SH SOLE 5468 0 0
AUDIOVOX CLASS A COM 050757103 428 19400 SH SOLE 19400 0 0
AURORA BIOSCIENCES CORP COM 051920106 395 5800 SH SOLE 5800 0 0
AUSPEX SYSTEMS INC COM 052116100 52 10519 SH SOLE 10519 0 0
AUTODESK INCORPORATED COM 052769106 432 12463 SH SOLE 12463 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 4768 89013 SH SOLE 89013 0 0
AUTOZONE INC COM 053332102 522 23741 SH SOLE 23741 0 0
AVANT CORPORATION COM 053487104 259 13841 SH SOLE 13841 0 0
AVERY DENNISON CORP COM 053611109 1234 18382 SH SOLE 18382 0 0
AVISTA CORP COM 05379B107 232 13287 SH SOLE 13287 0 0
AVNET INCORPORATED COM 053807103 2269 38295 SH SOLE 38295 0 0
AVON PRODUCTS INCORPORATED COM 054303102 1611 36204 SH SOLE 36204 0 0
AVT CORPORATION COM 002420107 84 11397 SH SOLE 11397 0 0
AWARE INC COM 05453N100 273 5343 SH SOLE 5343 0 0
AXENT TECHNOLOGIES COM 05459C108 248 9976 SH SOLE 9976 0 0
AZTAR CORP COM 054802103 211 13639 SH SOLE 13639 0 0
B F GOODRICH COMPANY COM 382388106 246 7233 SH SOLE 7233 0 0
BAKER HUGHES INC COM 057224107 1773 55392 SH SOLE 55392 0 0
BALL CORPORATION COM 058498106 525 16317 SH SOLE 16317 0 0
BANCORP SOUTH INC COM 059692103 226 16087 SH SOLE 16087 0 0
BANDAG INC COM 059815100 441 18193 SH SOLE 18193 0 0
BANK NEW YORK INC COM 064057102 4477 96289 SH SOLE 96289 0 0
BANK OF AMERICA CORP COM 060505104 9839 228803 SH SOLE 228803 0 0
BANK ONE CORP COM 06423A103 4113 154835 SH SOLE 154835 0 0
BANK UNITED CORP - CL A COM 065412108 497 14112 SH SOLE 14112 0 0
BANKATLANTIC BANCORP COM 065908105 62 10529 SH SOLE 10529 0 0
BANKNORTH GROUP INC COM 06646R107 1378 90000 SH SOLE 90000 0 0
BANTA CORPORATION COM 066821109 448 23650 SH SOLE 23650 0 0
BARNES & NOBLE, INC COM 067774109 1329 59747 SH SOLE 59747 0 0
BARNESANDNOBLE.COM INC COM 067846105 84 12891 SH SOLE 12891 0 0
BARR LABS COM 068306109 497 11095 SH SOLE 11095 0 0
BARRETT RES CORP NEW COM 068480201 257 8459 SH SOLE 8459 0 0
BARRICKS GOLD CORP. COM 067901108 755 41510 SH SOLE 41510 0 0
BATTLE MTN GOLD CO COM 071593107 147 67256 SH SOLE 67256 0 0
BAUSCH & LOMB INCORPORATED COM 071707103 537 6943 SH SOLE 6943 0 0
BAXTER INTERNATIONAL INC COM 071813109 2987 42479 SH SOLE 42479 0 0
BCE INC COM 05534B109 11906 500000 SH SOLE 500000 0 0
BE AEROSPACE INC COM 073302101 75 10962 SH SOLE 10962 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 5 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEAR STEARNS COS INC COM 073902108 771 18516 SH SOLE 18516 0 0
BECKMAN COULTER INC COM 075811109 1027 17585 SH SOLE 17585 0 0
BECTON DICKINSON & COMPANY COM 075887109 1670 58213 SH SOLE 58213 0 0
BED BATH & BEYOND INC COM 075896100 1119 30874 SH SOLE 30874 0 0
BELDEN INC COM 077459105 202 7888 SH SOLE 7888 0 0
BELL ATLANTIC COM 077853109 14059 276684 SH SOLE 276684 0 0
BELL ATLANTIC FINL SERV EXCH N BOND CV 07785GAC4 4311 3500000 PRN SOLE 0 0 0
BELLSOUTH CORP COM 079860102 10861 254810 SH SOLE 254810 0 0
BENCHMARK ELECTRONIC S INC CON BOND CV 08160HAA9 7027 6500000 PRN SOLE 0 0 0
BERGEN BRUNSWIG CORP CLASS A COM 083739102 454 82568 SH SOLE 82568 0 0
BEST BUY COMPANY INC COM 086516101 1590 25136 SH SOLE 25136 0 0
BESTFOODS COM 08658U101 3590 51845 SH SOLE 51845 0 0
BETHLEHEM STEEL CORPORATION COM 087509105 168 47093 SH SOLE 47093 0 0
BEVERLY ENTERPRISES INC COM 087851309 72 25543 SH SOLE 25543 0 0
BEYOND.COM CONV BOND BOND CV 08860EAA9 343 1330000 PRN SOLE 0 0 0
BEYOND.COM CORP COM 08860E101 15 11092 SH SOLE 11092 0 0
BILLING CONCEPTS CORP COM 090063108 60 13430 SH SOLE 13430 0 0
BINDLEY WESTERN INDUSTRIES IN COM 090324104 369 13952 SH SOLE 13952 0 0
BINDVIEW DEVELOPMENT CORP COM 090327107 145 12118 SH SOLE 12118 0 0
BIO-TECHNOLOGY GENERAL CORP COM 090578105 271 20577 SH SOLE 20577 0 0
BIOGEN INC MASS COM 090597105 3631 56295 SH SOLE 56295 0 0
BIOMET INCORPORATED COM 090613100 1133 29464 SH SOLE 29464 0 0
BIOVAIL INC 6.75% CONV PRFD ST PFD CV 09067J208 7827 144938 SH SOLE 144938 0 0
BJ SERVICES CO. COM 055482103 3936 62972 SH SOLE 62972 0 0
BJ'S WHOLESALE CLUB INC COM 05548J106 2003 60707 SH SOLE 60707 0 0
BLACK & DECKER MANUFACTURING COM 091797100 238 6045 SH SOLE 6045 0 0
BLACK BOX CORP. COM 091826107 425 5362 SH SOLE 5362 0 0
BLACK HILLS CORPORATIONS COM 092113109 408 18081 SH SOLE 18081 0 0
BLYTH, INC COM 09643P108 1109 37584 SH SOLE 37584 0 0
BMC SOFTWARE INC COM 055921100 1668 45729 SH SOLE 45729 0 0
BOB EVANS FARMS INCORPORATED COM 096761101 617 41328 SH SOLE 41328 0 0
BOCA RESORTS IN CLASS A COM 09688T106 152 15370 SH SOLE 15370 0 0
BOEING CO COM 097023105 8363 200000 SH PUT SOLE 200000 0 0
BOEING CO COM 097023105 5416 129527 SH SOLE 129527 0 0
BOMBAY INC COM 097924104 53 17997 SH SOLE 17997 0 0
BORDERS GROUP INC COM 099709107 1044 67062 SH SOLE 67062 0 0
BORG WARNER INC COM 099724106 999 28430 SH SOLE 28430 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1483 67620 SH SOLE 67620 0 0
BOWATER INCORPORATED COM 102183100 1751 39679 SH SOLE 39679 0 0
BOYD GAMING CORP COM 103304101 119 21409 SH SOLE 21409 0 0
BOYDS COLLECTION LTD COM 103354106 191 22501 SH SOLE 22501 0 0
BRIGGS & STRATTON CORPORATION COM 109043109 466 13595 SH SOLE 13595 0 0
BRIGHTPOINT INC COM 109473108 193 22263 SH SOLE 22263 0 0
BRINKER INTERNATIONAL INC COM 109641100 1642 56122 SH SOLE 56122 0 0
BRISTOL MYERS SQUIBB CO. COM 110122108 5825 100000 SH PUT SOLE 100000 0 0
BRISTOL MYERS SQUIBB CO. COM 110122108 16998 291806 SH SOLE 291806 0 0
BROADBASE SOFTWARE INC COM 11130R100 285 9300 SH SOLE 9300 0 0
BROADCOM CORP COM 111320107 4501 20560 SH SOLE 20560 0 0
BROADVISION INC COM 111412102 1113 21903 SH SOLE 21903 0 0
BROADWING INC COM 111620100 3568 137547 SH SOLE 137547 0 0
BROWN FORMAN CORP COM 115637209 598 11132 SH SOLE 11132 0 0
BUFFETS INCORPORATED COM 119882108 485 38233 SH SOLE 38233 0 0
BURLINGTON INDS INC COM 121693105 72 42824 SH SOLE 42824 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 6 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BURLINGTON NORTHERN SANTE FE COM 12189T104 661 28836 SH SOLE 28836 0 0
BURLINGTON RESOURCES COM 122014103 1098 28715 SH SOLE 28715 0 0
BURR BROWN CORP COM 122574106 3754 43305 SH SOLE 43305 0 0
C - COR ELECTRONICS INC COM 125010108 293 10861 SH SOLE 10861 0 0
C F W COMMUNICATIONS CO COM 124923103 241 6415 SH SOLE 6415 0 0
C P & L ENERGY INC COM 12614C106 577 18054 SH SOLE 18054 0 0
C R BARD INCORPORATED COM 067383109 468 9721 SH SOLE 9721 0 0
C&D TECHNOLOGY COM 124661109 626 11078 SH SOLE 11078 0 0
C.H. ROBINSON WORLDWIDE INC COM 12541W100 1705 34451 SH SOLE 34451 0 0
CABLETRON SYS INC COM 126920107 623 24684 SH SOLE 24684 0 0
CABLEVISION SYSTEMS CORP COM 12686C109 730 10750 SH SOLE 10750 0 0
CABOT CORPORATION COM 127055101 928 34053 SH SOLE 34053 0 0
CABOT INDUSTRIAL TRUST COM 127072106 218 11081 SH SOLE 11081 0 0
CADENCE DESIGN SYS INC COM 127387108 3432 168447 SH SOLE 168447 0 0
CALLAWAY GOLF CO COM 131193104 965 59159 SH SOLE 59159 0 0
CALPINE CORPORATION COM 131347106 5917 89988 SH SOLE 89988 0 0
CAMBREX CORP COM 132011107 205 4557 SH SOLE 4557 0 0
CAMBRIDGE TECHNOLOGY PARTNERS COM 132524109 435 49846 SH SOLE 49846 0 0
CAMDEN PROPERTY TRUST COM 133131102 222 7571 SH SOLE 7571 0 0
CAMPBELL SOUP COMPANY COM 134429109 1399 48027 SH SOLE 48027 0 0
CANADIAN NATL RAILWA Y CO 5.25 PFD CV 136375409 231 5100 SH SOLE 5100 0 0
CANANDAIGUA BRANDS INC CL A COM 137219200 221 4389 SH SOLE 4389 0 0
CANDESCENT TECH CORP CONV DEBE BOND CV 137392AA4 1703 2000000 PRN SOLE 0 0 0
CAPITAL ONE FINANCIAL CORP. COM 14040H105 1442 32318 SH SOLE 32318 0 0
CAPITOL FEDERAL FINANCIAL COM 14057C106 421 38046 SH SOLE 38046 0 0
CAPROCK COMMUNICATIONS COM 140667106 207 10607 SH SOLE 10607 0 0
CARBO CERAMICS INC COM 140781105 264 7518 SH SOLE 7518 0 0
CARDINAL HEALTH INC COM 14149Y108 2546 34410 SH SOLE 34410 0 0
CAREMARK RX INC COM 141705103 559 82072 SH SOLE 82072 0 0
CAREMATRIX CORP CONV SUB NOTES BOND CV 141706AC5 162 500000 PRN SOLE 0 0 0
CAREMATRIX CORP CONV SUB NOTES BOND CV 141706AA9 162 500000 PRN SOLE 0 0 0
CARLISLE CORPORATION COM 142339100 1317 29260 SH SOLE 29260 0 0
CARNIVAL CORP. COM 143658102 1357 69573 SH SOLE 69573 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 307 14525 SH SOLE 14525 0 0
CARTER-WALLACE CORPORATION COM 146285101 649 32232 SH SOLE 32232 0 0
CASEYS GENERAL STORES INC COM 147528103 156 15073 SH SOLE 15073 0 0
CASTAL & COOK INC. WHEN ISSUE COM 148433105 267 13823 SH SOLE 13823 0 0
CATALYTICA INC COM 148885106 250 22727 SH SOLE 22727 0 0
CATERPILLAR INC COM 149123101 1339 39526 SH SOLE 39526 0 0
CBRL GROUP COM 12489V106 885 60245 SH SOLE 60245 0 0
CCB FINANCIAL CORP COM 124875105 657 17758 SH SOLE 17758 0 0
CDW COMPUTER CENTERS INC COM 125129106 3817 61072 SH SOLE 61072 0 0
CELL GENESYS INCORPORATED COM 150921104 280 10000 SH SOLE 10000 0 0
CELL THERAPEUTICS INC COM 150934107 221 7200 SH SOLE 7200 0 0
CELLSTAR CORPORATION COM 150925105 35 12565 SH SOLE 12565 0 0
CENDANT CORPORATION COM 151313103 1439 102751 SH SOLE 102751 0 0
CENTEX CORPORATION COM 152312104 879 37403 SH SOLE 37403 0 0
CENTURY BUSINESS SERVICES COM 156490104 71 36612 SH SOLE 36612 0 0
CENTURYTEL INC COM 156700106 798 27764 SH SOLE 27764 0 0
CEPHALON INC 7.25% PFD CONV ST PFD CV 156708406 9717 57188 SH SOLE 57188 0 0
CERIDIAN CORP COM 15677T106 353 14666 SH SOLE 14666 0 0
CHARLES SCHWAB CORP NEW COM 808513105 504 15000 SH PUT SOLE 15000 0 0
CHARLES SCHWAB CORP NEW COM 808513105 2270 67500 SH CALL SOLE 67500 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 7 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHARLES SCHWAB CORP NEW COM 808513105 7789 231634 SH SOLE 231634 0 0
CHARMING SHOPPES INCORPORATED COM 161133103 161 31616 SH SOLE 31616 0 0
CHART INDUSTRIES INC COM 16115Q100 68 13913 SH SOLE 13913 0 0
CHARTER ONE FINANCIAL COM 160903100 569 24725 SH SOLE 24725 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 7585 164669 SH SOLE 164669 0 0
CHECKFREE HOLDINGS INC COM 162816102 2006 38901 SH SOLE 38901 0 0
CHECKPOINT SYSTEMS INC COM 162825103 88 11765 SH SOLE 11765 0 0
CHEESECAKE FACTORY INC COM 163072101 219 7977 SH SOLE 7977 0 0
CHESAPEAKE CORPORATION OF COM 165159104 389 13114 SH SOLE 13114 0 0
CHESAPEAKE ENERGY CORP COM 165167107 307 39646 SH SOLE 39646 0 0
CHEVRON CORPORATION COM 166751107 7358 86755 SH SOLE 86755 0 0
CHINADOTCOM CORP COM G2108N109 307 15000 SH SOLE 15000 0 0
CHIQUITA BRANDS INT INC COM 170032106 83 21039 SH SOLE 21039 0 0
CHIRON CORPORATION COM 170040109 4275 90000 SH PUT SOLE 90000 0 0
CHIRON CORPORATION COM 170040109 6670 140430 SH SOLE 140430 0 0
CHIRON CORPORATION COM 170040109 1900 40000 SH CALL SOLE 40000 0 0
CHOICE HOTELS INTERNATIONAL COM 169905106 212 21306 SH SOLE 21306 0 0
CHRIS CRAFT INDS INC COM 170520100 1331 20151 SH SOLE 20151 0 0
CHS ELECTRONICS INC COM 12542A206 1 16028 SH SOLE 16028 0 0
CHUBB CORP COM 171232101 1461 23750 SH SOLE 23750 0 0
CHURCH & DWIGHT INC COM 171340102 607 33701 SH SOLE 33701 0 0
CIENA CORP COM 171779101 3556 21334 SH SOLE 21334 0 0
CIENA CORP COM 171779101 6668 40000 SH PUT SOLE 40000 0 0
CIGNA CORPORATION COM 125509109 1413 15116 SH SOLE 15116 0 0
CINCINNATI FINANCIAL CORP COM 172062101 841 26753 SH SOLE 26753 0 0
CINTAS CORPORATION COM 172908105 4149 113082 SH SOLE 113082 0 0
CIRCUIT CITY STORES- COM 172737108 898 27058 SH SOLE 27058 0 0
CIRRUS LOGIC INC COM 172755100 1035 64664 SH SOLE 64664 0 0
CISCO SYS INC COM 17275R102 43223 680000 SH PUT SOLE 680000 0 0
CISCO SYS INC COM 17275R102 97525 1534310 SH SOLE 1534310 0 0
CISCO SYS INC COM 17275R102 20276 319000 SH CALL SOLE 319000 0 0
CITADEL COMMUNICATIONS CORP COM 172853202 323 9238 SH SOLE 9238 0 0
CITIGROUP INC COM 172967101 27993 464615 SH SOLE 464615 0 0
CITIZENS BANKING CORP COM 174420109 301 18546 SH SOLE 18546 0 0
CITRIX SYSTEMS INC. COM 177376100 787 41540 SH SOLE 41540 0 0
CITY NATIONAL CORP. COM 178566105 1095 31515 SH SOLE 31515 0 0
CKE RESTAURANTS INC COM 12561E105 72 24047 SH SOLE 24047 0 0
CLAIRES STORES INC COM 179584107 904 46936 SH SOLE 46936 0 0
CLARENT CORP COM 180461105 408 5700 SH SOLE 5700 0 0
CLAYTON HOME COM 184190106 684 85556 SH SOLE 85556 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 3104 41388 SH SOLE 41388 0 0
CLECO CORP COM 12561W105 494 14741 SH SOLE 14741 0 0
CLOROX COM 189054109 1208 26958 SH SOLE 26958 0 0
CMGI INC COM 125750109 1145 25000 SH PUT SOLE 25000 0 0
CMGI INC COM 125750109 1838 40116 SH SOLE 40116 0 0
CMGI INC COM 125750109 12415 271000 SH CALL SOLE 271000 0 0
CMI CORP CL A NEW COM 125761304 40 11514 SH SOLE 11514 0 0
CMP GROUP INC COM 125887109 771 26303 SH SOLE 26303 0 0
CMS ENERGY CORP COM 125896100 235 10633 SH SOLE 10633 0 0
CNF TRANSPORTATION COM 12612W104 776 34109 SH SOLE 34109 0 0
COASTAL CORPORATION COM 190441105 1902 31245 SH SOLE 31245 0 0
COBALT NETWORKS INC COM 19074R101 480 8300 SH SOLE 8300 0 0
COCA COLA CO COM 191216100 19627 341717 SH SOLE 341717 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 8 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COCA COLA CO COM 191216100 5744 100000 SH PUT SOLE 100000 0 0
COCA COLA CO COM 191216100 5169 90000 SH CALL SOLE 90000 0 0
COCA COLA ENTERPRISES INC. COM 191219104 806 49407 SH SOLE 49407 0 0
COHERENT INCORPORATED COM 192479103 876 10444 SH SOLE 10444 0 0
COLGATE PALMOLIVE CO COM 194162103 4142 69174 SH SOLE 69174 0 0
COLLINS & AIKMAN CORP COM 194830105 166 32055 SH SOLE 32055 0 0
COLONIAL BANCGROUP INC COM 195493309 178 19800 SH SOLE 19800 0 0
COLUMBIA ENERGY GROUP COM 197648108 378 5762 SH SOLE 5762 0 0
COLUMBIA LABS INC COM 197779101 62 10696 SH SOLE 10696 0 0
COMCAST CORP COM 200300200 5702 140780 SH SOLE 140780 0 0
COMCAST CORP COM 200300200 911 22500 SH CALL SOLE 22500 0 0
COMCAST CORP COM 200300200 911 22500 SH PUT SOLE 22500 0 0
COMCAST CORP SUB DEBENTURES PFD CV 200300507 10678 93750 SH SOLE 93750 0 0
COMCAST CORP ZONES INTO PCS PFD CV 200300606 3893 34000 SH SOLE 34000 0 0
COMDISCO INC COM 200336105 2279 102151 SH SOLE 102151 0 0
COMERICA INC COM 200340107 1306 29096 SH SOLE 29096 0 0
COMFORT SYSTEMS USA INC COM 199908104 62 15577 SH SOLE 15577 0 0
COMMERCE BANCORP INC COM 200519106 461 10016 SH SOLE 10016 0 0
COMMERCE ONE INC COM 200693109 14066 310000 SH CALL SOLE 310000 0 0
COMMERCIAL FEDERAL CORP COM 201647104 258 16600 SH SOLE 16600 0 0
COMMERCIAL METALS COM 201723103 245 8903 SH SOLE 8903 0 0
COMMSCOPE COM 203372107 1391 33934 SH SOLE 33934 0 0
COMMUNITY FIRST BANKSHARES IN COM 203902101 179 10985 SH SOLE 10985 0 0
COMPAQ COMPUTER CORP COM 204493100 5665 221607 SH SOLE 221607 0 0
COMPASS BANCSHARES INC COM 20449H109 1219 71456 SH SOLE 71456 0 0
COMPUCOM SYSTEMS INC COM 204780100 26 15776 SH SOLE 15776 0 0
COMPUTER ASSOCIATES INTL INC COM 204912109 4412 86202 SH SOLE 86202 0 0
COMPUTER HORIZONS CORP COM 205908106 172 12777 SH SOLE 12777 0 0
COMPUTER SCIENCES CORPORATION COM 205363104 1613 21598 SH SOLE 21598 0 0
COMPUWARE CORP COM 205638109 592 57032 SH SOLE 57032 0 0
COMSTAT CORPORATION COM 20564D107 971 41338 SH SOLE 41338 0 0
COMVERSE TECH (NEW) COM 205862402 3303 35512 SH SOLE 35512 0 0
COMVERSE TECH (NEW) COM 205862402 930 10000 SH PUT SOLE 10000 0 0
COMVERSE TECHNOLOGY INC BOND CV 205862AG0 216 50000 PRN SOLE 0 0 0
CONAGRA INC COM 205887102 1322 69372 SH SOLE 69372 0 0
CONCORD EFS, INC. COM 206197105 1300 50000 SH CALL SOLE 50000 0 0
CONCORD EFS, INC. COM 206197105 3997 153733 SH SOLE 153733 0 0
CONCORD EFS, INC. COM 206197105 1300 50000 SH PUT SOLE 50000 0 0
CONCURRENT COMPUTER CORP-NEW COM 206710204 276 21042 SH SOLE 21042 0 0
CONECTIV INC COM 206829103 1507 96816 SH SOLE 96816 0 0
CONEXANT SYSTEMS INC COM 207142100 2212 45501 SH SOLE 45501 0 0
CONEXANT SYSTEMS INC SUB NOTES BOND CV 207142AB6 29147 13172000 PRN SOLE 0 0 0
CONOCO INC CLASS B COM 208251405 2257 91876 SH SOLE 91876 0 0
CONSECO INCORPORATED COM 208464107 359 36788 SH SOLE 36788 0 0
CONSOL ENERGY INC COM 20854P109 188 12461 SH SOLE 12461 0 0
CONSOLIDATED EDISON INC COM 209115104 477 16092 SH SOLE 16092 0 0
CONSOLIDATED PAPERS INC COM 209759109 2099 57396 SH SOLE 57396 0 0
CONSOLIDATED PRODUCTS INC COM 209798107 96 10643 SH SOLE 10643 0 0
CONSOLIDATED STORES CORP COM 210149100 148 12334 SH SOLE 12334 0 0
CONSTELLATION ENERGY GROUP COM 210371100 987 30326 SH SOLE 30326 0 0
CONVERGYS COPR COM 212485106 1038 20016 SH SOLE 20016 0 0
COOPER INDS INC COM 216669101 396 12169 SH SOLE 12169 0 0
COOPER TIRE & RUBR CO COM 216831107 147 13247 SH SOLE 13247 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 9 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COORS (ADOLPH)COMPANY CL B COM 217016104 400 6605 SH SOLE 6605 0 0
COPART INC COM 217204106 208 12983 SH SOLE 12983 0 0
COR THERAPEUTICS SER-144 A CON BOND CV 217753AC6 15119 10781000 PRN SOLE 0 0 0
CORECOMM LIMITED SUB NOTES CON BOND CV 21869NAA3 6729 7500000 PRN SOLE 0 0 0
CORNERSTONE REALTY INCOME COM 21922V102 227 22657 SH SOLE 22657 0 0
CORNING INC COM 219350105 10317 38227 SH SOLE 38227 0 0
COST PLUS INC COM 221485105 290 10095 SH SOLE 10095 0 0
COSTCO WHOLESALE CORP COM 22160K105 2496 75633 SH SOLE 75633 0 0
COTELLIGENT INC COM 221630106 66 11646 SH SOLE 11646 0 0
COVANCE INC COM 222816100 407 46203 SH SOLE 46203 0 0
COVENTRY CORP COM 222862104 243 18230 SH SOLE 18230 0 0
CRANE COMPANY COM 224399105 569 23420 SH SOLE 23420 0 0
CRAWFORD & COMPANY COM 224633107 183 16602 SH SOLE 16602 0 0
CREDIT ACCEPTANCE CORP. COM 225310101 61 11035 SH SOLE 11035 0 0
CROMPTON CORP COM 227116100 1324 108059 SH SOLE 108059 0 0
CROSS TIMBERS OIL CO COM 227573102 259 11713 SH SOLE 11713 0 0
CSG SYSTEM INTL INC COM 126349109 2108 37609 SH SOLE 37609 0 0
CTS CORP COM 126501105 541 12015 SH SOLE 12015 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 389 7900 SH SOLE 7900 0 0
CULLEN/FROST BANKERS INC COM 229899109 263 10000 SH SOLE 10000 0 0
CUMMINS ENGINE INC COM 231021106 913 33510 SH SOLE 33510 0 0
CURAGEN CORP COM 23126R101 278 7300 SH SOLE 7300 0 0
CURAGEN CORP CONV 144A SUB DEB BOND CV 23126RAA9 2915 3750000 PRN SOLE 0 0 0
CV THERAPEUTICS CONV BOND BOND CV 126667AA2 13574 11250000 PRN SOLE 0 0 0
CV THERAPEUTICS INC COM 126667104 333 4800 SH SOLE 4800 0 0
CVS CORPORATION COM 126650100 2193 54821 SH SOLE 54821 0 0
CYBEX CORP. COM 232522102 844 19928 SH SOLE 19928 0 0
CYMER INC COM 232572107 310 6483 SH SOLE 6483 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 3569 84463 SH SOLE 84463 0 0
CYTEC INDUSTRIES INC COM 232820100 1075 43538 SH SOLE 43538 0 0
CYTOGEN CORP COM 232824102 197 19500 SH SOLE 19500 0 0
CYTYC CORP. COM 232946103 441 8269 SH SOLE 8269 0 0
DAL-TILE INTERNATIONAL INC COM 23426R108 168 20394 SH SOLE 20394 0 0
DALLAS SEMICONDUCTOR CORP COM 235204104 309 7571 SH SOLE 7571 0 0
DAN RAUSCHER CORP COM 233856103 390 5915 SH SOLE 5915 0 0
DANAHER CORPORATION COM 235851102 1068 21604 SH SOLE 21604 0 0
DARDEN RESTAURANTS INC WI COM 237194105 175 10746 SH SOLE 10746 0 0
DATA BROADCASTING CORP COM 237596101 100 15838 SH SOLE 15838 0 0
DEAN FOODS COMPANY COM 242361103 1443 45537 SH SOLE 45537 0 0
DEERE & COMPANY COM 244199105 1515 40946 SH SOLE 40946 0 0
DEL MONTE FOODS CO COM 24522P103 87 12745 SH SOLE 12745 0 0
DELHAIZE AMERICA INC COM 246688105 8412 475614 SH SOLE 475614 0 0
DELL COMPUTER COM 247025109 21075 427374 SH SOLE 427374 0 0
DELL COMPUTER COM 247025109 6164 125000 SH CALL SOLE 125000 0 0
DELL COMPUTER COM 247025109 6657 135000 SH PUT SOLE 135000 0 0
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 2199 150983 SH SOLE 150983 0 0
DELTA & PINE LAND CO COM 247357106 251 10026 SH SOLE 10026 0 0
DELTA AIR LINES INC DEL COM 247361108 768 15181 SH SOLE 15181 0 0
DELUXE CORP COM 248019101 406 17230 SH SOLE 17230 0 0
DENDRITE INTERNATIONAL INC COM 248239105 329 9882 SH SOLE 9882 0 0
DENTSPLY INTL INC COM 249030107 1205 39112 SH SOLE 39112 0 0
DEVON ENERGY CORP COM 25179M103 2942 52369 SH SOLE 52369 0 0
DEVRY INC DEL COM 251893103 1209 45747 SH SOLE 45747 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 10 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DEXTER CORPORATION COM 252165105 1005 20946 SH SOLE 20946 0 0
DIAL CORP COM 25247D101 915 88152 SH SOLE 88152 0 0
DIAMOND TECH PARTNERS INC COM 252762109 444 5051 SH SOLE 5051 0 0
DIEBOLD INCORPORATED COM 253651103 1544 55395 SH SOLE 55395 0 0
DIGITAL ISLAND INC COM 25385N101 934 19200 SH SOLE 19200 0 0
DIGITAL LIGHTWAVE INC COM 253855100 221 2200 SH SOLE 2200 0 0
DIGITAL MICROWAVE CORP COM 253859102 373 9792 SH SOLE 9792 0 0
DILLARDS INC - CLASS A COM 254067101 252 20612 SH SOLE 20612 0 0
DIME BANCORP INC COM 25429Q102 947 60137 SH SOLE 60137 0 0
DIMON INC COM 254394109 52 24365 SH SOLE 24365 0 0
DIONEX CORP COM 254546104 228 8533 SH SOLE 8533 0 0
DISNEY WALT CO COM 254687106 13407 345424 SH SOLE 345424 0 0
DOCUMENTUM INC COM 256159104 505 5655 SH SOLE 5655 0 0
DOLE FOOD COMPANY, INC. COM 256605106 598 42734 SH SOLE 42734 0 0
DOLLAR GENERAL CORPORATION COM 256669102 851 43621 SH SOLE 43621 0 0
DOLLAR TREE STORES INC COM 256747106 2880 72795 SH SOLE 72795 0 0
DOMINION RESOURCES INC COM 25746U109 4793 111781 SH SOLE 111781 0 0
DONALDSON COMPANY COM 257651109 653 33039 SH SOLE 33039 0 0
DORAS FINANCIAL CORP COM 25811P100 140 12264 SH SOLE 12264 0 0
DOUBLECLICK INC COM 258609304 644 16900 SH SOLE 16900 0 0
DOUBLECLICK INC CONV 144A BOND CV 258609AA4 4345 4020000 PRN SOLE 0 0 0
DOUBLECLICK INC CONV SUB NTS BOND CV 258609AC0 6801 6292000 PRN SOLE 0 0 0
DOVER CORP COM 260003108 635 15652 SH SOLE 15652 0 0
DOVER DOWNS ENTERTAINMENT COM 260086103 191 13618 SH SOLE 13618 0 0
DOW CHEM CO COM 260543103 2809 93065 SH SOLE 93065 0 0
DOW JONES & CO INC COM 260561105 377 5152 SH SOLE 5152 0 0
DPL INCORPORATED (HOLDING CO) COM 233293109 1953 89034 SH SOLE 89034 0 0
DQE COM 23329J104 1456 36865 SH SOLE 36865 0 0
DREYERS GRAND ICE CREAM INC COM 261878102 333 15874 SH SOLE 15874 0 0
DSP GROUP INC COM 23332B106 365 6514 SH SOLE 6514 0 0
DST SYSTEMS INC COM 233326107 3275 43021 SH SOLE 43021 0 0
DTE ENERGY CO. COM 233331107 576 18858 SH SOLE 18858 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 6897 157651 SH SOLE 157651 0 0
DUKE ENERGY CORP COM 264399106 2767 49075 SH SOLE 49075 0 0
DUN & BRADSTREET COM 26483B106 640 22350 SH SOLE 22350 0 0
DURA PHARMACEUTICALS INC COM 26632S109 263 18318 SH SOLE 18318 0 0
DYNEGY INC COM 26816Q101 7065 103420 SH SOLE 103420 0 0
E M C CORP MASS COM 268648102 22463 291962 SH SOLE 291962 0 0
E M C CORP MASS COM 268648102 13849 180000 SH CALL SOLE 180000 0 0
E TOWN COM 269242103 324 4872 SH SOLE 4872 0 0
E TRADE GROUP INC COM 269246104 3312 200747 SH SOLE 200747 0 0
E TRADE GROUP INC CONV BOND SU BOND CV 269246AB0 827 907000 PRN SOLE 0 0 0
E*TRADE GROUP INC 144A CONV SU BOND CV 269246AA2 10708 11750000 PRN SOLE 0 0 0
E-SPIRO COMMUNICATION COM 269153102 133 19734 SH SOLE 19734 0 0
E4L INC COM 268452109 10 12644 SH SOLE 12644 0 0
EARTHSHELL CORP COM 27032B100 32 10542 SH SOLE 10542 0 0
EARTHWEB INC CONV 144A SUB NTS BOND CV 27032CAA6 1476 3000000 PRN SOLE 0 0 0
EASTERN ENTERPRISES COM 27637F100 1074 17044 SH SOLE 17044 0 0
EASTMAN CHEMICAL COMPANY COM 277432100 271 5685 SH SOLE 5685 0 0
EASTMAN KODAK COMPANY COM 277461109 1759 29564 SH SOLE 29564 0 0
EASTMAN KODAK COMPANY COM 277461109 595 10000 SH CALL SOLE 10000 0 0
EATON CORPORATION COM 278058102 598 8920 SH SOLE 8920 0 0
EATON VANCE CORP COM 278265103 250 5400 SH SOLE 5400 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 11 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EBAY INC COM 278642103 6131 112888 SH SOLE 112888 0 0
EBAY INC COM 278642103 6518 120000 SH CALL SOLE 120000 0 0
EBAY INC COM 278642103 6518 120000 SH PUT SOLE 120000 0 0
ECHOSTAR COMM. INC. COM 278762109 559 16883 SH SOLE 16883 0 0
ECLIPSYS CORP COM 278856109 99 13242 SH SOLE 13242 0 0
ECOLAB INC COM 278865100 1132 28967 SH SOLE 28967 0 0
EDISON INTERNATIONAL COM 281020107 731 35674 SH SOLE 35674 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 1035 55926 SH SOLE 55926 0 0
EEX CORP COM 26842V207 119 20466 SH SOLE 20466 0 0
EL PASO ELECTRIC CO. COM 283677854 243 21688 SH SOLE 21688 0 0
EL PASO ENERGY CAP TRUST I 4.7 PFD CV 283678209 2806 43400 SH SOLE 43400 0 0
EL PASO ENERGY CORP COM 283905107 1797 35275 SH SOLE 35275 0 0
ELANTEC SEMICONDUCTOR INC COM 284155108 522 7500 SH SOLE 7500 0 0
ELCOR CORPORATION COM 284443108 274 11895 SH SOLE 11895 0 0
ELECTRO SCIENTIFIC IND COM 285229100 411 9340 SH SOLE 9340 0 0
ELECTRONIC ARTS COM 285512109 3985 54634 SH SOLE 54634 0 0
ELECTRONIC DATA SYSTEMS CORP. COM 285661104 2483 60203 SH SOLE 60203 0 0
ELI LILLY & COMPANY COM 532457108 18028 180510 SH SOLE 180510 0 0
ELOT INC COM 290143106 41 21834 SH SOLE 21834 0 0
ELOYALITY CORP COM 290151109 240 18836 SH SOLE 18836 0 0
EMCOR GROUP INC CONV NOTES BOND CV 29084QAC4 2588 2570000 PRN SOLE 0 0 0
EMCORE CORP COM 290846104 287 2392 SH SOLE 2392 0 0
EMERSON ELECTRIC CO COM 291011104 2623 43440 SH SOLE 43440 0 0
EMMIS COMMUNICATION CORP SERIE PFD CV 291525202 6016 100687 SH SOLE 100687 0 0
ENCOMPASS SERVICES CORP COM 29255U104 146 25352 SH SOLE 25352 0 0
ENERGIZER HOLDINGS COM 29266R108 1260 69017 SH SOLE 69017 0 0
ENERGY EAST CORPORATION COM 29266M109 1698 89071 SH SOLE 89071 0 0
ENRON CORP COM 293561106 7489 116112 SH SOLE 116112 0 0
ENSCO INTERNATIONAL INC COM 26874Q100 3302 92199 SH SOLE 92199 0 0
ENTERCOM COMM 6.25% DUE 9/30/2 PFD CV 29363P104 9632 154031 SH SOLE 154031 0 0
ENTERGY CORP COM 29364G103 355 13074 SH SOLE 13074 0 0
ENZO BIOCHEM INCORPORATED COM 294100102 452 6553 SH SOLE 6553 0 0
ENZON INCORPORATED COM 293904108 455 10716 SH SOLE 10716 0 0
EPICOR SOFTWARE CORP COM 29426L108 47 18633 SH SOLE 18633 0 0
EQUIFAX INCORPORATED COM 294429105 357 13616 SH SOLE 13616 0 0
EQUITY INNS INC COM 294703103 95 15557 SH SOLE 15557 0 0
ERICSSON L M TEL CO ADR CL B COM 294821400 1395 69756 SH SOLE 69756 0 0
ETHYL CORPORATION COM 297659104 161 64249 SH SOLE 64249 0 0
EVEREST RE GROUP LTD COM G3223R108 1033 31414 SH SOLE 31414 0 0
EXAR CORP COM 300645108 871 9992 SH SOLE 9992 0 0
EXCHANGE APPLICATIONS INC COM 300867108 254 9522 SH SOLE 9522 0 0
EXPRESS SCRIPTS INC CL A COM 302182100 1606 25854 SH SOLE 25854 0 0
EXTENDED STAY AMERICAN INC COM 30224P101 320 34644 SH SOLE 34644 0 0
EXTENDED SYSTEMS INC COM 301973103 202 2100 SH SOLE 2100 0 0
EXXON MOBIL CORP COM 30231G102 55960 712867 SH SOLE 712867 0 0
EXXON MOBIL CORP COM 30231G102 3925 50000 SH CALL SOLE 50000 0 0
EXXON MOBIL CORP COM 30231G102 15700 200000 SH PUT SOLE 200000 0 0
F M C CORPORATION COM 302491303 392 6752 SH SOLE 6752 0 0
F5 NETWORKS INC COM 315616102 270 4950 SH SOLE 4950 0 0
FAIRCHILD CORP COM 303698104 53 10843 SH SOLE 10843 0 0
FAIRFIELD COMMUNICATIONS INC COM 304231301 294 37328 SH SOLE 37328 0 0
FAMILY DOLLAR STORES COM 307000109 2397 122527 SH SOLE 122527 0 0
FASTENALL COM 311900104 1415 27958 SH SOLE 27958 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 12 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FEDDERS CORP COM 313135105 76 13110 SH SOLE 13110 0 0
FEDERAL HOME LOAN MTG CORP COM 313400301 3676 90772 SH SOLE 90772 0 0
FEDERAL MOGUL CORPORATION COM 313549107 440 46008 SH SOLE 46008 0 0
FEDERAL NATIONAL MORTGAGE COM 313586109 6342 121531 SH SOLE 121531 0 0
FEDERAL SIGNAL CORP COM 313855108 659 39942 SH SOLE 39942 0 0
FEDERATED DEPT. STORES INC. COM 31410H101 1563 46309 SH SOLE 46309 0 0
FEDEX CORP COM 31428X106 892 23476 SH SOLE 23476 0 0
FELCOR LODGING TRUST COM 31430F101 241 13000 SH SOLE 13000 0 0
FERRO CORPORATION COM 315405100 578 27511 SH SOLE 27511 0 0
FIDELITY NATL FINANCIAL COM 316326107 390 21284 SH SOLE 21284 0 0
FIFTH THIRD BANCORP COM 316773100 2742 43351 SH SOLE 43351 0 0
FILENET COM 316869106 272 14782 SH SOLE 14782 0 0
FINANCIAL SECURITY ASSURANCE COM 31769P100 16693 220000 SH SOLE 220000 0 0
FINET.COM INC COM 317922300 13 19467 SH SOLE 19467 0 0
FINOVA GROUP INC COM 317928109 753 57907 SH SOLE 57907 0 0
FIRST AMERICAN CORPORATION COM 318522307 240 16773 SH SOLE 16773 0 0
FIRST COMMONWEALTH FINL CORP COM 319829107 222 24494 SH SOLE 24494 0 0
FIRST DATA CORP COM 319963104 2269 45726 SH SOLE 45726 0 0
FIRST ENERGY CORP COM 337932107 536 22910 SH SOLE 22910 0 0
FIRST FINL BANCORP COM 320209109 210 10671 SH SOLE 10671 0 0
FIRST HEALTH GROUP CORP COM 320960107 1570 47835 SH SOLE 47835 0 0
FIRST INDUSTRIAL REALTY TR COM 32054K103 762 25819 SH SOLE 25819 0 0
FIRST MERIT CORP COM 337915102 1090 50977 SH SOLE 50977 0 0
FIRST MIDWEST BANCORP (DEL) COM 320867104 205 8805 SH SOLE 8805 0 0
FIRST SEC CORP COM 336294103 1592 117402 SH SOLE 117402 0 0
FIRST TENNESSEE NATIONAL CORP COM 337162101 1295 78186 SH SOLE 78186 0 0
FIRST UNION CORPORATION COM 337358105 3712 149587 SH SOLE 149587 0 0
FIRST UNITED BANCSHARES ARK COM 33741E104 157 10311 SH SOLE 10311 0 0
FIRST VIRGINIA BANKS INC COM 337477103 1395 40079 SH SOLE 40079 0 0
FIRSTAR CORP COM 33763V109 3155 149801 SH SOLE 149801 0 0
FISERVE INC COM 337738108 3824 88420 SH SOLE 88420 0 0
FISHER SCIENTIFIC INTL COM 338032204 283 11439 SH SOLE 11439 0 0
FLEET BOSTON FINANCIAL CORP COM 339030108 3592 105634 SH SOLE 105634 0 0
FLEETWOOD CAP TRUST 6.00% PRFD PFD CV 339072407 692 25735 SH SOLE 25735 0 0
FLORIDA PROGRESS CORPORATION COM 341109106 1173 25021 SH SOLE 25021 0 0
FLOWERS INDUSTRIES INC COM 343496105 1234 61901 SH SOLE 61901 0 0
FLOWSERVE CORP. COM 34354P105 421 27957 SH SOLE 27957 0 0
FLUOR CORPORATION COM 343861100 515 16273 SH SOLE 16273 0 0
FORD MOTOR COMPANY COM 345370100 6231 144898 SH SOLE 144898 0 0
FOREST LABORATORIES INC COM 345838106 6173 61121 SH SOLE 61121 0 0
FOREST OIL CORP. COM 346091606 161 10130 SH SOLE 10130 0 0
FORT JAMES CORP COM 347471104 543 23471 SH SOLE 23471 0 0
FORTUNE BRANDS INC COM 349631101 271 11771 SH SOLE 11771 0 0
FORWARD AIR CORP COM 349853101 245 6113 SH SOLE 6113 0 0
FOUNDATION HEALTH SYSTEMS COM 350404109 1352 104017 SH SOLE 104017 0 0
FPL GROUP INCORPORATED COM 302571104 892 18015 SH SOLE 18015 0 0
FRANCHISE FINANCE CORP OF AME COM 351807102 386 16800 SH SOLE 16800 0 0
FRANKLIN RESOURCES INC COM 354613101 1123 36956 SH SOLE 36956 0 0
FREEPORT MCMORAN COPPER & COM 35671D857 342 36949 SH SOLE 36949 0 0
FRONTIER INS GRP INC NEW COM 359081106 7 11196 SH SOLE 11196 0 0
FULTON FINANCIAL CORP COM 360271100 294 16600 SH SOLE 16600 0 0
FURNITURE BRANDS INTL INC COM 360921100 695 45961 SH SOLE 45961 0 0
GALILEO INTERNATIONAL COM 363547100 1127 54000 SH SOLE 54000 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 13 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GANNETT COMPANY INCORPORATED COM 364730101 3416 57106 SH SOLE 57106 0 0
GAP INCORPORATED COM 364760108 3558 113871 SH SOLE 113871 0 0
GARTNER GROUP INC COM 366651107 172 14300 SH SOLE 14300 0 0
GARTNER GROUP INC CLASS B COM 366651206 495 50154 SH SOLE 50154 0 0
GATEWAY INC COM 367626108 2121 37369 SH SOLE 37369 0 0
GATX CORPORATION COM 361448103 1317 38725 SH SOLE 38725 0 0
GAYLORD CONTAINER CORP CL A COM 368145108 75 28065 SH SOLE 28065 0 0
GEMSTAR INTL GROUP LTD ORD COM G3788V106 864 14064 SH SOLE 14064 0 0
GEN COMM INC CLASS A COM 369385109 52 10110 SH SOLE 10110 0 0
GENCORP INCORPORATED COM 368682100 94 11783 SH SOLE 11783 0 0
GENE LOGIC INC COM 368689105 271 7600 SH SOLE 7600 0 0
GENENTECH INC COM 368710406 1428 8300 SH SOLE 8300 0 0
GENERAL CABLE CORP COM 369300108 189 23205 SH SOLE 23205 0 0
GENERAL DYNAMICS CORPORATION COM 369550108 1843 35273 SH SOLE 35273 0 0
GENERAL ELECTRIC COMPANY COM 369604103 70100 1322639 SH SOLE 1322639 0 0
GENERAL MILLS INCORPORATED COM 370334104 3026 79110 SH SOLE 79110 0 0
GENERAL MTRS CORP COM 370442105 16799 289332 SH SOLE 289332 0 0
GENERAL SEMICONDUCTOR INC BOND CV 370787AA1 9117 8125000 PRN SOLE 0 0 0
GENIUNE PARTS COMPANY COM 372460105 1441 72060 SH SOLE 72060 0 0
GENOME THERAPEUTICS CORP COM 372430108 234 7700 SH SOLE 7700 0 0
GENZYME CORP COM 372917104 3924 66011 SH SOLE 66011 0 0
GENZYME CORP COM 372917104 1486 25000 SH CALL SOLE 25000 0 0
GENZYME CORP COM 372917104 1486 25000 SH PUT SOLE 25000 0 0
GEORGE A HORMEL & COMPANY COM 440452100 1191 70859 SH SOLE 70859 0 0
GEORGIA GULF CORP COM 373200203 447 21455 SH SOLE 21455 0 0
GEORGIA PACIFIC (TIMBER) CORP COM 373298702 1143 52834 SH SOLE 52834 0 0
GEORGIA PACIFIC CORPORATION COM 373298108 656 25002 SH SOLE 25002 0 0
GERON CORP COM 374163103 205 6400 SH SOLE 6400 0 0
GETTY IMAGES INC COM 374276103 300 8107 SH SOLE 8107 0 0
GETTY IMAGES INC 144A CONV BD BOND CV 374276AD5 2811 3347000 PRN SOLE 0 0 0
GILEAD SCIENCES INC COM 375558103 2139 30069 SH SOLE 30069 0 0
GILLETTE COMPANY COM 375766102 12162 348117 SH SOLE 348117 0 0
GLATFELTER COMPANY COM 377316104 366 35913 SH SOLE 35913 0 0
GLENAYRE TECHNOLOGIES, INC COM 377899109 344 32568 SH SOLE 32568 0 0
GLOBAL CROSSING HLDG LTD 6.37 PFD CV 37932J202 5338 68650 SH SOLE 68650 0 0
GLOBAL CROSSING LTD COM G3921A100 6736 256006 SH SOLE 256006 0 0
GLOBAL CROSSING LTD COM G3921A100 1842 70000 SH CALL SOLE 70000 0 0
GLOBAL CROSSING LTD COM G3921A100 1842 70000 SH PUT SOLE 70000 0 0
GLOBAL CROSSING LTD 6.75% CONV PFD CV G3921A134 7447 33849 SH SOLE 33849 0 0
GLOBAL INDUSTRIES LTD COM 379336100 251 13276 SH SOLE 13276 0 0
GLOBAL MARINE COM 379352404 3376 119774 SH SOLE 119774 0 0
GLOBIX CORP COM 37957F101 276 9420 SH SOLE 9420 0 0
GO2NET INC COM 383486107 362 7193 SH SOLE 7193 0 0
GOLDEN WEST FINANCIAL CORP COM 381317106 1091 26742 SH SOLE 26742 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 882 9300 SH SOLE 9300 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1898 20000 SH PUT SOLE 20000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 3521 176043 SH SOLE 176043 0 0
GPU INC COM 36225X100 297 10962 SH SOLE 10962 0 0
GRAND UNION CO COM 386532402 5 10027 SH SOLE 10027 0 0
GRANITE CONSTRUCTION INC COM 387328107 467 19066 SH SOLE 19066 0 0
GRANT PRIDECO INC COM 38821G101 1860 74413 SH SOLE 74413 0 0
GREAT ATLANTIC & PACIFIC COM 390064103 280 16846 SH SOLE 16846 0 0
GREAT LAKES CHEMICAL CORP COM 390568103 1277 40546 SH SOLE 40546 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 14 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GREENPOINT FINANCIAL CORP COM 395384100 964 51408 SH SOLE 51408 0 0
GREY WOLF INC COM 397888108 438 87610 SH SOLE 87610 0 0
GRIFFON CORP COM 398433102 64 11430 SH SOLE 11430 0 0
GTE CORPORATION COM 362320103 9287 149182 SH SOLE 149182 0 0
GTECH HLDGS CORP COM 400518106 684 30147 SH SOLE 30147 0 0
GUCCI GROUP INC. COM 401566104 1886 19900 SH SOLE 19900 0 0
GUIDANT CORP COM 401698105 2269 45833 SH SOLE 45833 0 0
H.B.FULLER COMPANY COM 359694106 659 14463 SH SOLE 14463 0 0
H.J.HEINZ COMPANY COM 423074103 4622 105637 SH SOLE 105637 0 0
HA-LO INDS INC COM 404429102 161 28651 SH SOLE 28651 0 0
HAIN CELESTIAL GROUP INT COM 405217100 335 9136 SH SOLE 9136 0 0
HALLIBURTON CO (HOLDING CO) COM 406216101 2595 54996 SH SOLE 54996 0 0
HANDLEMAN COMPANY COM 410252100 172 13762 SH SOLE 13762 0 0
HANNA M A CO COM 410522106 221 24539 SH SOLE 24539 0 0
HANNAFORD BROTHERS INC COM 410550107 1057 14703 SH SOLE 14703 0 0
HANOVER COMPRESS CAP TR SERIES PFD CV 41076M203 1283 11351 SH SOLE 11351 0 0
HANOVER COMPRESS CONV PFD STK PFD CV 41076M302 1906 16868 SH SOLE 16868 0 0
HANOVER COMPRESSOR CO. COM 410768105 1434 37730 SH SOLE 37730 0 0
HANOVER DIRECT INC DE COM 410783104 90 57552 SH SOLE 57552 0 0
HARCOURT GENERAL COM 41163G101 205 3768 SH SOLE 3768 0 0
HARKEN ENERGY CORP COM 412552101 26 42075 SH SOLE 42075 0 0
HARLEY DAVIDSON INCORPORATED COM 412822108 954 24776 SH SOLE 24776 0 0
HARRAHS ENT. INC. COM 413619107 235 11241 SH SOLE 11241 0 0
HARRIS CORPORATION COM 413875105 1721 52538 SH SOLE 52538 0 0
HARSCO CORPORATION COM 415864107 854 33508 SH SOLE 33508 0 0
HARTE-HANKS INC COM 416196103 958 38337 SH SOLE 38337 0 0
HARTFORD FINANCIAL SVCS GRP COM 416515104 1364 24376 SH SOLE 24376 0 0
HASBRO INCORPORATED COM 418056107 434 28823 SH SOLE 28823 0 0
HAWAIIAN ELECTRIC INDUSTRIES COM 419870100 750 22872 SH SOLE 22872 0 0
HCA - THE HEALTHCARE COMPANY COM 404119109 2797 92073 SH SOLE 92073 0 0
HEALTH MGMT ASSOC INC COM 421933102 2079 159149 SH SOLE 159149 0 0
HEALTHCARE PROPERTIES COM 421915109 322 11801 SH SOLE 11801 0 0
HEALTHSOUTH REHABILITATION COM 421924101 416 57841 SH SOLE 57841 0 0
HEIDRICK & STRUGGLES INTL COM 422819102 271 4297 SH SOLE 4297 0 0
HEILIG MEYERS COMPANY COM 422893107 26 21830 SH SOLE 21830 0 0
HELIX TECHNOLOGY CORP COM 423319102 411 10539 SH SOLE 10539 0 0
HELMERICH & PAYNE INCORPORATE COM 423452101 1252 33497 SH SOLE 33497 0 0
HEMISPHERX BIOPHARMA INC COM 42366C103 80 14280 SH SOLE 14280 0 0
HENRY SCHEIN INC. COM 806407102 207 11985 SH SOLE 11985 0 0
HERCULES TRST II 6.50% UNIT DU COM 427098306 4107 7453 SH SOLE 7453 0 0
HERSHEY FOODS CORP COM 427866108 736 15165 SH SOLE 15165 0 0
HEWLETT-PACKARD INCORPORATED COM 428236103 16310 130613 SH SOLE 130613 0 0
HIBERNIA CORP CL A COM 428656102 912 83902 SH SOLE 83902 0 0
HIGHWOOD PROPERTIES INC COM 431284108 302 12600 SH SOLE 12600 0 0
HILB ROGALL & HAMILTON CORP COM 431294107 204 5876 SH SOLE 5876 0 0
HILLENBRAND INDUSTRIES INC COM 431573104 1400 44706 SH SOLE 44706 0 0
HILTON HOTELS CORPORATION COM 432848109 297 31694 SH SOLE 31694 0 0
HISPANIC BROADCASTING CORP COM 43357B104 2401 72480 SH SOLE 72480 0 0
HNC SOFTWARE INC COM 40425P107 586 9493 SH SOLE 9493 0 0
HOLLINGER INTERNATIONAL COM 435569108 151 11100 SH SOLE 11100 0 0
HOLLYWOOD ENTERTAINMENT CORP COM 436141105 91 11538 SH SOLE 11538 0 0
HOME DEPOT INCORPORATED COM 437076102 15174 303863 SH SOLE 303863 0 0
HOMEBASE INC COM 43738E108 20 13048 SH SOLE 13048 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 15 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HOMESTAKE MNG CO COM 437614100 170 24783 SH SOLE 24783 0 0
HON INDUSTRIES INCORPORATED COM 438092108 1169 49751 SH SOLE 49751 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 3614 107273 SH SOLE 107273 0 0
HOOPER HOLMES INC COM 439104100 149 18572 SH SOLE 18572 0 0
HORACE MANN EDUCATORS CORP COM 440327104 457 30492 SH SOLE 30492 0 0
HOUGHTON MIFFLIN COMPANY COM 441560109 1473 31543 SH SOLE 31543 0 0
HOUSEHOLD INTERNATIONAL INC COM 441815107 2587 62235 SH SOLE 62235 0 0
HRPT PROPERTIES TRUST COM 40426W101 174 28400 SH SOLE 28400 0 0
HSB GROUP INC COM 40428N109 628 20186 SH SOLE 20186 0 0
HUBBELL INC CLASS B COM 443510201 1170 45886 SH SOLE 45886 0 0
HUMAN GENOME SCIENCES BOND CV 444903AE8 8154 6100000 PRN SOLE 0 0 0
HUMAN GENOME SCIENCES INC COM 444903108 326 2445 SH SOLE 2445 0 0
HUMANA INC COM 444859102 211 43318 SH SOLE 43318 0 0
HUNTINGTON BANCSHARES COM 446150104 552 34909 SH SOLE 34909 0 0
HUSSMAN INTERNATIONAL COM 448110106 260 8935 SH SOLE 8935 0 0
HUTCHINSON TECH INC CONV SUB N BOND CV 448407AC0 3050 4218000 PRN SOLE 0 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 149 10481 SH SOLE 10481 0 0
HYPERION SOLUTIONS INC COM 44914M104 325 10013 SH SOLE 10013 0 0
I B P INC COM 449223106 917 59416 SH SOLE 59416 0 0
I M C GLOBAL INC COM 449669100 1053 81018 SH SOLE 81018 0 0
I2 TECHNOLOGIES CONV 144A SUB BOND CV 465754AD1 13560 8750000 PRN SOLE 0 0 0
I2 TECHNOLOGIES INC COM 465754109 1473 14131 SH SOLE 14131 0 0
IBIS TECHNOLOGY CORP COM 450909106 266 4400 SH SOLE 4400 0 0
ICG COMMUNICATIONS COM 449246107 398 18048 SH SOLE 18048 0 0
ICN PHARM. COM 448924100 1355 48717 SH SOLE 48717 0 0
IDACORP INC COM 451107106 826 25597 SH SOLE 25597 0 0
IDEC PHARMACUETICAL COM 449370105 3697 31514 SH SOLE 31514 0 0
IDENTIX INC COM 451906101 160 10218 SH SOLE 10218 0 0
IDEXX LABS CORP COM 45168D104 285 12455 SH SOLE 12455 0 0
ILEX ONCOLOGY INC COM 451923106 208 5900 SH SOLE 5900 0 0
ILLINOIS TOOLS WORKS INC COM 452308109 2043 35841 SH SOLE 35841 0 0
ILLUMINET HOLDINGS INC COM 452334105 315 6200 SH SOLE 6200 0 0
IMATION CORP. COM 45245A107 713 24257 SH SOLE 24257 0 0
IMCLONE SYSTEMS 144A CONV BOND BOND CV 45245WAA7 10419 11719000 PRN SOLE 0 0 0
IMMUNEX CORP (NEW) COM 452528102 2088 42229 SH SOLE 42229 0 0
IMMUNOMEDICS INC COM 452907108 218 8900 SH SOLE 8900 0 0
IMPERIAL CREDIT INDS INC COM 452729106 45 10473 SH SOLE 10473 0 0
IMPERIAL SUGAR CORP COM 453096109 28 20957 SH SOLE 20957 0 0
IMS HEALTH CO COM 449934108 796 44195 SH SOLE 44195 0 0
INACOM CORP COM 45323G109 2 27479 SH SOLE 27479 0 0
INCO LIMITED COM 453258402 265 17261 SH SOLE 17261 0 0
INCYTE GENOMICS INC COM 45337C102 1767 21501 SH SOLE 21501 0 0
INCYTE PHARMA INC CONV SUB BON BOND CV 45337CAA0 5893 7031000 PRN SOLE 0 0 0
INDEPENDENCE COMMUNITY BANK COM 453414104 322 24316 SH SOLE 24316 0 0
INDYMAC BANCORP, INC COM 456607100 418 30821 SH SOLE 30821 0 0
INFOCURE INC COM 45665A108 59 10571 SH SOLE 10571 0 0
INFOCUS CORPORATION COM 45665B106 230 7159 SH SOLE 7159 0 0
INFORMATICA INC COM 45666Q102 506 6178 SH SOLE 6178 0 0
INFORMIX CORP COM 456779107 1657 222835 SH SOLE 222835 0 0
INFOUSA INC COM 456818301 105 16143 SH SOLE 16143 0 0
INGERSOLL-RAND COMPANY COM 456866102 874 21711 SH SOLE 21711 0 0
INHALE THERAPEUTIC SYSTEMS COM 457191104 267 2629 SH SOLE 2629 0 0
INHALE THERAPEUTIC SYSTEMS INC BOND CV 457191AD6 15797 11016000 PRN SOLE 0 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 16 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INKTOMI CORP COM 457277101 3548 30000 SH CALL SOLE 30000 0 0
INPUT/OUTPUT INC COM 457652105 306 36228 SH SOLE 36228 0 0
INSIGHT ENTERPRISES INC COM 45765U103 301 5070 SH SOLE 5070 0 0
INSTITUFORM TECHNOLOGIES INC COM 457667103 238 8782 SH SOLE 8782 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 3777 63082 SH SOLE 63082 0 0
INTEGRATED ELECTRICAL SVCS COM 45811E103 56 10969 SH SOLE 10969 0 0
INTEGRATED SILICON SOLUTION COM 45812P107 505 13300 SH SOLE 13300 0 0
INTEL CORP COM 458140100 10695 80000 SH CALL SOLE 80000 0 0
INTEL CORP COM 458140100 95587 715000 SH PUT SOLE 715000 0 0
INTEL CORP COM 458140100 94886 709762 SH SOLE 709762 0 0
INTELIDATA TECHNOLOGIES CORP COM 45814T107 118 11400 SH SOLE 11400 0 0
INTERDIGITAL COMMUNICATIONS COM 45866A105 294 17725 SH SOLE 17725 0 0
INTERFACE INC CL A FORMERLY COM 458665106 69 17995 SH SOLE 17995 0 0
INTERGRAPH CORPORATION COM 458683109 123 16245 SH SOLE 16245 0 0
INTERIM SERVICES INC COM 45868P100 266 14971 SH SOLE 14971 0 0
INTERLIANT INC COM 458742103 329 14100 SH SOLE 14100 0 0
INTERLIANT INC CONV SUB NOTES BOND CV 458742AA1 3434 5157000 PRN SOLE 0 0 0
INTERMEDIA COMMUNICATION FLA COM 458801107 413 13879 SH SOLE 13879 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 889 33544 SH SOLE 33544 0 0
INTERNATIONAL MULTIFOODS CORP COM 460043102 222 12843 SH SOLE 12843 0 0
INTERNATIONAL PAPER COMPANY COM 460146103 2181 73167 SH SOLE 73167 0 0
INTERNET CAPITAL GRP COM 46059C106 400 10800 SH SOLE 10800 0 0
INTERNET CAPITAL GRP COM 46059C106 2221 60000 SH CALL SOLE 60000 0 0
INTERNET CAPITAL GRP COM 46059C106 925 25000 SH PUT SOLE 25000 0 0
INTERNET PICTURES CORP COM 46059S101 191 12600 SH SOLE 12600 0 0
INTERPUBLIC GROUP OF COMPANIE COM 460690100 1377 32026 SH SOLE 32026 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 476 34029 SH SOLE 34029 0 0
INTERTAN INC COM 461120107 208 17684 SH SOLE 17684 0 0
INTERTRUST TECHNOLOGIES CORP COM 46113Q109 374 18200 SH SOLE 18200 0 0
INTERVOICE-BRITE INC COM 461142101 82 12477 SH SOLE 12477 0 0
INTERWOVEN INC COM 46114T102 550 5000 SH SOLE 5000 0 0
INTL BUSINESS MACHINES INC COM 459200101 33036 301529 SH SOLE 301529 0 0
INTL BUSINESS MACHINES INC COM 459200101 16434 150000 SH CALL SOLE 150000 0 0
INTL BUSINESS MACHINES INC COM 459200101 3287 30000 SH PUT SOLE 30000 0 0
INTL FLAVORS & FRAGRANCES INC COM 459506101 745 24683 SH SOLE 24683 0 0
INTL SPEEDWAY CORP CLASS A COM 460335201 1351 32642 SH SOLE 32642 0 0
INTUIT INC COM 461202103 6306 152414 SH SOLE 152414 0 0
INVESTMENT TECHNOLOGY GROUP COM 46145F105 1295 32794 SH SOLE 32794 0 0
INVESTORS FINANCIAL COM 461915100 369 9304 SH SOLE 9304 0 0
INVITROGEN CORP COM 46185R100 428 5688 SH SOLE 5688 0 0
INVITROGEN CORP SERIES 144A BOND CV 46185RAA8 11368 10734000 PRN SOLE 0 0 0
IOMEGA CORP COM 462030107 368 92063 SH SOLE 92063 0 0
IPALCO ENTERPRISES COM 462613100 682 33867 SH SOLE 33867 0 0
ISIS PHARMACEUTICAL COM 464330109 172 11841 SH SOLE 11841 0 0
ITC DELTA COM CONV SUB NTS 144 BOND CV 45031TAJ3 2929 2900000 PRN SOLE 0 0 0
ITC DELTACOM INC COM 45031T104 401 17966 SH SOLE 17966 0 0
ITC DELTACOM INC CONV SUB NOTE BOND CV 45031TAK0 260 257000 PRN SOLE 0 0 0
ITT INDUSTRIES INC COM 450911102 254 8365 SH SOLE 8365 0 0
IVAX CORP FORMERLY IVACO INDS COM 465823102 4072 98121 SH SOLE 98121 0 0
IVEX PACKAGING CORP COM 465855104 125 11206 SH SOLE 11206 0 0
IXL ENTERPRISES COM 450718101 178 12300 SH SOLE 12300 0 0
J B HUNT TRANSPORT SERVICES COM 445658107 398 25769 SH SOLE 25769 0 0
J M SMUCKER COMPANY CL A COM 832696108 514 26676 SH SOLE 26676 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 17 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
J P MORGAN & COMPANY INC COM 616880100 8117 73703 SH SOLE 73703 0 0
J.D. EDWARDS & CO. COM 281667105 236 15700 SH SOLE 15700 0 0
JABIL CIRCUIT INC COM 466313103 6399 128943 SH SOLE 128943 0 0
JACOBS ENGINEERING GROUP INC COM 469814107 500 15286 SH SOLE 15286 0 0
JDN RLTY CORP COM 465917102 141 13819 SH SOLE 13819 0 0
JDS UNIPHASE CORP COM 46612J101 5182 43228 SH SOLE 43228 0 0
JDS UNIPHASE CORP COM 46612J101 1199 10000 SH CALL SOLE 10000 0 0
JEFFERSON PILOT CORP COM 475070108 1345 23831 SH SOLE 23831 0 0
JOHNSON & JOHNSON INCORPORATE COM 478160104 25815 253401 SH SOLE 253401 0 0
JOHNSON CONTROLS INCORPORATED COM 478366107 543 10574 SH SOLE 10574 0 0
JONES APPAREL GROUP INC COM 480074103 1782 75822 SH SOLE 75822 0 0
JONES PHARM INC COM 480236108 307 7698 SH SOLE 7698 0 0
JOURNAL REGISTER CO COM 481138105 230 12615 SH SOLE 12615 0 0
K MART CORPORATION COM 482584109 456 66909 SH SOLE 66909 0 0
KAISER ALUMINUM CORP COM 483007100 58 14590 SH SOLE 14590 0 0
KANSAS CITY PWR & LIGHT CO COM 485134100 1339 59496 SH SOLE 59496 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 1578 17790 SH SOLE 17790 0 0
KAYDON CORPORATION COM 486587108 399 19023 SH SOLE 19023 0 0
KEANE INC COM 486665102 775 35860 SH SOLE 35860 0 0
KEITHLEY INSTRUMENTS INC COM 487584104 270 3100 SH SOLE 3100 0 0
KELLOGG CO COM 487836108 4805 161509 SH SOLE 161509 0 0
KELLY SERVICES CLASS A COM 488152208 567 24514 SH SOLE 24514 0 0
KEMET CORP COM 488360108 395 15746 SH SOLE 15746 0 0
KENNAMETAL INC COM 489170100 459 21391 SH SOLE 21391 0 0
KERR MCGEE CORP COM 492386107 1486 25215 SH SOLE 25215 0 0
KEY ENERGY SERVICES INC COM 492914106 317 32906 SH SOLE 32906 0 0
KEYCORP (NEW) COM 493267108 268 15195 SH SOLE 15195 0 0
KEYNOTE SYSTEMS INC COM 493308100 303 4300 SH SOLE 4300 0 0
KEYSPAN CORP COM 49337W100 2821 91740 SH SOLE 91740 0 0
KEYSTONE FINANCIAL INC COM 493482103 673 31663 SH SOLE 31663 0 0
KFORCE.COM INC COM 493732101 114 16449 SH SOLE 16449 0 0
KILROY REALTY CORP COM 49427F108 257 9891 SH SOLE 9891 0 0
KIMBERLY-CLARK CORPORATION COM 494368103 4438 77345 SH SOLE 77345 0 0
KINDER MORGAN INC COM 49455P101 2680 77536 SH SOLE 77536 0 0
KLA INSTRUMENTS CORP COM 482480100 2419 41301 SH SOLE 41301 0 0
KOHLS CORP COM 500255104 1901 34179 SH SOLE 34179 0 0
KOMAG INC COM 500453105 53 30571 SH SOLE 30571 0 0
KONOVER PROPERTY TRUST COM 50047R100 64 13372 SH SOLE 13372 0 0
KOREA ELECTRIC POWER CONVERTIB BOND CV 500631AF3 1140 1150000 PRN SOLE 0 0 0
KORN/FERRY INTERNATIONAL COM 500643200 332 10474 SH SOLE 10474 0 0
KROGER COMPANY COM 501044101 2463 111651 SH SOLE 111651 0 0
KULICKE & SOFFA IND COM 501242101 479 8069 SH SOLE 8069 0 0
KULICKE AND SOFFA IND. INC BOND CV 501242AC5 8370 5750000 PRN SOLE 0 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 1206 21141 SH SOLE 21141 0 0
LABOR READY INC (NEW) COM 505401208 96 14523 SH SOLE 14523 0 0
LAMAR ADVERTISING CO COM 512815101 230 5300 SH SOLE 5300 0 0
LAMAR ADVERTISING CO NOTES BOND CV 512815AF8 8037 7196000 PRN SOLE 0 0 0
LANCASTER COLONY CORP COM 513847103 464 23820 SH SOLE 23820 0 0
LANCE INCORPORATED COM 514606102 218 24172 SH SOLE 24172 0 0
LANDS END INC COM 515086106 828 24823 SH SOLE 24823 0 0
LATTICE SEMICONDUCTOR BOND CV 518415AC8 4258 2367000 PRN SOLE 0 0 0
LCA VISION INC. COM 501803209 28 11426 SH SOLE 11426 0 0
LEAP WIRELESS COM 521863100 477 10156 SH SOLE 10156 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 18 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LEAR CORPORATION COM 521865105 1225 61254 SH SOLE 61254 0 0
LEE ENTERPRISES INCORPORATED COM 523768109 771 33065 SH SOLE 33065 0 0
LEGATO SYSTEM INC COM 524651106 1320 87254 SH SOLE 87254 0 0
LEGG MASON COM 524901105 2561 51217 SH SOLE 51217 0 0
LEGGETT & PLATT INCORPORATED COM 524660107 200 12098 SH SOLE 12098 0 0
LEHMAN BROTHERS HLDGS INC COM 524908100 1483 15682 SH SOLE 15682 0 0
LENNAR CORPORATION COM 526057104 243 11994 SH SOLE 11994 0 0
LENNOX INTERNATIONAL INC COM 526107107 160 12100 SH SOLE 12100 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N100 880 10000 SH PUT SOLE 10000 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N100 1587 18033 SH SOLE 18033 0 0
LEXMARK INTERNATIONAL, INC COM 529771107 947 14086 SH SOLE 14086 0 0
LG&E ENERGY CORP COM 501917108 1859 77882 SH SOLE 77882 0 0
LIBERTY MEDIA INTO PCS CONV 14 BOND CV 530715AK7 2173 2000000 PRN SOLE 0 0 0
LIFEPOINT HOSPITALS COM 53219L109 315 14159 SH SOLE 14159 0 0
LIGAND PHARMACUTICALS INC. COM 53220K207 260 19688 SH SOLE 19688 0 0
LIMITED INCORPORATED COM 532716107 1570 72583 SH SOLE 72583 0 0
LINCARE HOLDINGS INC COM 532791100 1107 44947 SH SOLE 44947 0 0
LINCOLN NATIONAL CORPORATION COM 534187109 1197 33132 SH SOLE 33132 0 0
LINEAR TECHNOLOGY CORP COM 535678106 4466 69843 SH SOLE 69843 0 0
LINENS 'N THINGS COM 535679104 315 11600 SH SOLE 11600 0 0
LITTLEFUSE INC COM 537008104 214 4372 SH SOLE 4372 0 0
LITTON INDUSTRIES INCORPORATE COM 538021106 1370 32610 SH SOLE 32610 0 0
LOCKHEED MARTIN CORP COM 539830109 1732 69800 SH SOLE 69800 0 0
LODGIAN INC COM 54021P106 46 18756 SH SOLE 18756 0 0
LOEWS CORPORATION COM 540424108 545 9084 SH SOLE 9084 0 0
LONE STAR TECHNOLOGIES INC COM 542312103 291 6287 SH SOLE 6287 0 0
LONESTAR STEAKHOUSE SALOON COM 542307103 263 25993 SH SOLE 25993 0 0
LONGS DRUG STORES INC COM 543162101 253 11645 SH SOLE 11645 0 0
LONGVIEW FIBER COMPANY COM 543213102 483 43685 SH SOLE 43685 0 0
LOOKSMART LTD COM 543442107 222 12000 SH SOLE 12000 0 0
LORAL SPACE AND COMMUNICATIONS PFD CV 543885602 4459 182000 SH SOLE 182000 0 0
LOUISIANA-PACIFIC CORPORATION COM 546347105 324 29754 SH SOLE 29754 0 0
LOWES COS INCORPORATED COM 548661107 1693 41222 SH SOLE 41222 0 0
LSI LOGIC CORPORATION COM 502161102 1724 31855 SH SOLE 31855 0 0
LTV CORP COM 501921100 163 56668 SH SOLE 56668 0 0
LTX CORPORATION COM 502392103 586 16784 SH SOLE 16784 0 0
LUBRIZOL CORPORATION COM 549271104 612 29138 SH SOLE 29138 0 0
LUCENT TECHNOLGY COM 549463107 2370 40000 SH PUT SOLE 40000 0 0
LUCENT TECHNOLGY COM 549463107 28131 474788 SH SOLE 474788 0 0
LUCENT TECHNOLGY COM 549463107 5333 90000 SH CALL SOLE 90000 0 0
LYCOS INC COM 550818108 6036 111769 SH SOLE 111769 0 0
LYONDELL PETROCHEMICAL CO COM 552078107 1339 79930 SH SOLE 79930 0 0
M B I A INC COM 55262C100 925 19200 SH SOLE 19200 0 0
M G I PROPERTIES COM 552885105 25 10833 SH SOLE 10833 0 0
MACERICH CO COM 554382101 323 14638 SH SOLE 14638 0 0
MACROMEDIA INC COM 556100105 3309 34228 SH SOLE 34228 0 0
MAGELLAN HEALTH COM 559079108 13 10615 SH SOLE 10615 0 0
MAGNETEK INC COM 559424106 115 14346 SH SOLE 14346 0 0
MAIL-WELL INC COM 560321200 139 16165 SH SOLE 16165 0 0
MAIL.COM INC 144A CONV BOND BOND CV 560311AA0 1730 3750000 PRN SOLE 0 0 0
MALLINCKRODT INC COM 561232109 382 8792 SH SOLE 8792 0 0
MANDALAY RESORT GROUP COM 562567107 1425 71252 SH SOLE 71252 0 0
MANITOWOC INC COM 563571108 278 10398 SH SOLE 10398 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 19 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MANPOWER INC COM 56418H100 1798 56201 SH SOLE 56201 0 0
MANUGISTICS GP INC COM 565011103 231 4932 SH SOLE 4932 0 0
MARCHFIRST INC COM 566244109 1854 101600 SH SOLE 101600 0 0
MARCUS CORPORATION (THE) COM 566330106 132 10847 SH SOLE 10847 0 0
MARK IV INDUSTRIES INC COM 570387100 874 41880 SH SOLE 41880 0 0
MARRIOTT INTL CLASS A COM 571903202 1335 37016 SH SOLE 37016 0 0
MARSH & MCLENNAN COMPANIES IN COM 571748102 3780 36194 SH SOLE 36194 0 0
MARSHALL & ISLEY CORPORATION COM 571834100 2693 64886 SH SOLE 64886 0 0
MARTIN MARIETTA MATERIALS INC COM 573284106 1893 46803 SH SOLE 46803 0 0
MASCO CORP DEL COM 574599106 1512 83697 SH SOLE 83697 0 0
MATTEL INC COM 577081102 760 57657 SH SOLE 57657 0 0
MATTSON TECHNOLOGY INC COM 577223100 341 10500 SH SOLE 10500 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3397 50000 SH CALL SOLE 50000 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 4420 65059 SH SOLE 65059 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3397 50000 SH PUT SOLE 50000 0 0
MAXIM PHARMACEUTICALS COM 57772M107 303 5900 SH SOLE 5900 0 0
MAXTOR CORP COM 577729205 279 26424 SH SOLE 26424 0 0
MAY & SPEH INC CONV SUB NOTES BOND CV 577777AA3 7324 5039000 PRN SOLE 0 0 0
MAY DEPARTMENT STORES CO COM 577778103 944 39353 SH SOLE 39353 0 0
MAYTAG COMPANY COM 578592107 280 7591 SH SOLE 7591 0 0
MBNA CORP COM 55262L100 3104 114427 SH SOLE 114427 0 0
MCCORMICK & COMPANY INC COM 579780206 1802 55453 SH SOLE 55453 0 0
MCDONALDS CORPORATION COM 580135101 17688 537032 SH SOLE 537032 0 0
MCGRAW HILL INC COM 580645109 3695 68421 SH SOLE 68421 0 0
MCI WORLDCOM INC COM 55268B106 3763 100000 SH PUT SOLE 100000 0 0
MCKESSON HBOC INC COM 58155Q103 495 23624 SH SOLE 23624 0 0
MCLEODUSA INC - CL A COM 582266102 414 20000 SH CALL SOLE 20000 0 0
MCLEODUSA INC - CL A COM 582266102 1448 70000 SH PUT SOLE 70000 0 0
MCLEODUSA INC - CL A COM 582266102 1287 62223 SH SOLE 62223 0 0
MCLEODUSA INC SER A CONV PREFD PFD CV 582266201 20299 36464 SH SOLE 36464 0 0
MCN ENERGY GROUP INC. COM 55267J100 892 41722 SH SOLE 41722 0 0
MDU RESOURCES GROUP COM 552690109 496 22949 SH SOLE 22949 0 0
MEDIA GENERAL INC CLASS A COM 584404107 556 11443 SH SOLE 11443 0 0
MEDIA ONE STANDARD ELEC COM 584MIX997 10296 154533 SH SOLE 154533 0 0
MEDICAL ASSURANCE INC COM 58449U100 129 11437 SH SOLE 11437 0 0
MEDICAL MANAGER CORPORATION COM 58461U103 586 17200 SH SOLE 17200 0 0
MEDICIS PHARMACEUT CORP COM 584690309 485 8509 SH SOLE 8509 0 0
MEDIMMUNE INC COM 584699102 3302 44623 SH SOLE 44623 0 0
MEDITRUST CORP-PAIRED STOCK COM 58501T306 94 25000 SH SOLE 25000 0 0
MEDQUIST INC - CONTRA COM 584949994 572 15928 SH SOLE 15928 0 0
MEDTRONIC INCORPORATED COM 585055106 8013 160869 SH SOLE 160869 0 0
MELLON FINANCIAL CORP COM 58551A108 982 26948 SH SOLE 26948 0 0
MEMBERWORKS INC COM 586002107 203 6044 SH SOLE 6044 0 0
MENS WAREHOUSE INC COM 587118100 393 17611 SH SOLE 17611 0 0
MENTOR CORP MINN COM 587188103 212 7801 SH SOLE 7801 0 0
MENTOR GRAPHICS CORP COM 587200106 1268 63774 SH SOLE 63774 0 0
MERCANTILE BANKSHARES CORP COM 587405101 1346 45138 SH SOLE 45138 0 0
MERCATOR SOFTWARE INC COM 587587106 663 9643 SH SOLE 9643 0 0
MERCK & CO. INC COM 589331107 7663 100000 SH PUT SOLE 100000 0 0
MERCK & CO. INC COM 589331107 31867 415883 SH SOLE 415883 0 0
MERCURY COMPUTER SYSTEMS INC COM 589378108 216 6690 SH SOLE 6690 0 0
MERCURY INTERACTIVE CP COM 589405109 1139 11774 SH SOLE 11774 0 0
MEREDITH CORP COM 589433101 509 15086 SH SOLE 15086 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 20 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MERIDIAN RESOURCE CORP COM 58977Q109 61 10795 SH SOLE 10795 0 0
MERISEL INC COM 589849108 22 29838 SH SOLE 29838 0 0
MERITOR AUTOMOTIVE INC COM 59000G100 402 36563 SH SOLE 36563 0 0
MERRILL LYNCH & CO INC COM 590188108 6047 52580 SH SOLE 52580 0 0
MESSAGEMEDIA INC COM 590787107 45 12887 SH SOLE 12887 0 0
METALS USA INC COM 591324108 59 12672 SH SOLE 12672 0 0
METHODE ELECTRONICS INC CL A COM 591520200 698 18069 SH SOLE 18069 0 0
METRIS COMPANIES INC COM 591598107 540 21491 SH SOLE 21491 0 0
METRO MEDIA FIBER COM 591689104 2580 65000 SH PUT SOLE 65000 0 0
METRO MEDIA FIBER COM 591689104 2316 58356 SH SOLE 58356 0 0
METROMEDIA INTL GROUP INC COM 591695101 161 33894 SH SOLE 33894 0 0
METTLER-TOLEDO INTERNATIONAL COM 592688105 265 6632 SH SOLE 6632 0 0
MGC COMMUNICATIONS INC COM 552763302 448 7468 SH SOLE 7468 0 0
MGIC INVESTMENT CORP WIS COM 552848103 441 9699 SH SOLE 9699 0 0
MICHAELS STORES INC COM 594087108 452 9872 SH SOLE 9872 0 0
MICREL SEMICONDUCTOR COM 594793101 2736 62986 SH SOLE 62986 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 4271 73307 SH SOLE 73307 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 1165 20000 SH PUT SOLE 20000 0 0
MICRON ELECTRONICS COM 595100108 177 14149 SH SOLE 14149 0 0
MICRON TECHNOLOGY INC COM 595112103 881 10000 SH CALL SOLE 10000 0 0
MICRON TECHNOLOGY INC COM 595112103 6822 77467 SH SOLE 77467 0 0
MICROSOFT CORP COM 594918104 81360 1017000 SH CALL SOLE 1017000 0 0
MICROSOFT CORP COM 594918104 97832 1222900 SH PUT SOLE 1222900 0 0
MICROSOFT CORP COM 594918104 97598 1219970 SH SOLE 1219970 0 0
MICROSTRATEGY INC COM 594972101 315 10494 SH SOLE 10494 0 0
MID ATLANTIC MEDICAL SVCS INC COM 59523C107 292 21642 SH SOLE 21642 0 0
MIDWAY GAMES INC COM 598148104 273 33805 SH SOLE 33805 0 0
MILACRON INC COM 598709103 145 10014 SH SOLE 10014 0 0
MILLENNIUM CHEMICALS INC COM 599903101 298 17500 SH SOLE 17500 0 0
MILLENNIUM PHARMACTCUAL COM 599902103 7340 65613 SH SOLE 65613 0 0
MILLENNIUN PHARMACEU TICALS CO BOND CV 599902AA1 5229 3500000 PRN SOLE 0 0 0
MILLER HERMAN INC COM 600544100 1553 60009 SH SOLE 60009 0 0
MILLER INDUSTRIES INC (TENN) COM 600551105 38 20908 SH SOLE 20908 0 0
MILLIPORE CORPORATION COM 601073109 514 6823 SH SOLE 6823 0 0
MINERALS TECHNOLOGIES INC COM 603158106 993 21581 SH SOLE 21581 0 0
MINMED INC. COM 60365K108 2665 22584 SH SOLE 22584 0 0
MINNESOTA MINING & MFG CO COM 604059105 4795 58126 SH SOLE 58126 0 0
MINNESOTA MINING & MFG CO COM 604059105 413 5000 SH CALL SOLE 5000 0 0
MINNESOTA POWER & LIGHT CO COM 604110106 1205 69612 SH SOLE 69612 0 0
MIPS TECHNOLOGIES INC COM 604567107 321 7562 SH SOLE 7562 0 0
MITCHELL ENERGY DEV CORP CL A COM 606592202 257 7988 SH SOLE 7988 0 0
MMC NETWORKS INC COM 55308N102 581 10865 SH SOLE 10865 0 0
MODINE MANUFACTURING COMPANY COM 607828100 540 19986 SH SOLE 19986 0 0
MODIS PROFESSIONAL SERVICES COM 607830106 583 76481 SH SOLE 76481 0 0
MOHAWK INDUSTRIES INC COM 608190104 1044 47995 SH SOLE 47995 0 0
MOLECULAR DEVICES CORP COM 60851C107 203 2938 SH SOLE 2938 0 0
MOLEX INC COM 608554101 1827 37956 SH SOLE 37956 0 0
MONTANA POWER COMPANY COM 612085100 2668 75555 SH SOLE 75555 0 0
MORGAN ST DEAN WITTER DISCOVE COM 617446448 1249 15000 SH CALL SOLE 15000 0 0
MORGAN ST DEAN WITTER DISCOVE COM 617446448 11680 140298 SH SOLE 140298 0 0
MORGAN STANLEY ASIA PACIFIC COM 61744U106 751 73700 SH SOLE 73700 0 0
MOTOROLA INCORPORATED COM 620076109 14769 508193 SH SOLE 508193 0 0
MOTOROLA INCORPORATED COM 620076109 1744 60000 SH CALL SOLE 60000 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 21 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MPOWER COMMUNICATION S 7.25% S PFD CV 552763500 2013 37500 SH SOLE 37500 0 0
MRV COMMUNICATIONS INC COM 553477100 847 12600 SH SOLE 12600 0 0
MSI HOLDINGS INC COM 553654104 92 10100 SH SOLE 10100 0 0
MTI TECHNOLOGY CORP COM 553903105 103 12839 SH SOLE 12839 0 0
MUELLER INDUSTRIES INC COM 624756102 278 9944 SH SOLE 9944 0 0
MURPHY OIL CORPORATION COM 626717102 2001 33674 SH SOLE 33674 0 0
MYLAN LABS INCORPORATED COM 628530107 1866 102268 SH SOLE 102268 0 0
MYRIAD GENETICS COM 62855J104 400 2700 SH SOLE 2700 0 0
NABI INC COM 628716102 73 10000 SH SOLE 10000 0 0
NABISCO GROUP HOLDINGS COM 62952P102 1628 62780 SH SOLE 62780 0 0
NABORS INDS INC COM 629568106 3788 91138 SH SOLE 91138 0 0
NANOGEN INC COM 630075109 233 5500 SH SOLE 5500 0 0
NASDAQ 100 COM 631100104 13046 140000 SH PUT SOLE 140000 0 0
NASDAQ 100 COM 631100104 87783 942000 SH SOLE 942000 0 0
NASDAQ 100 COM 631100104 20035 215000 SH CALL SOLE 215000 0 0
NATIONAL AUSTRALIA BANK EXCH C PFD CV 632525309 5126 180750 SH SOLE 180750 0 0
NATIONAL CITY CORP COM 635405103 1042 61056 SH SOLE 61056 0 0
NATIONAL COMMERCE BANCORP COM 635449101 1037 64574 SH SOLE 64574 0 0
NATIONAL COMPUTER SYSTEMS INC COM 635519101 494 10023 SH SOLE 10023 0 0
NATIONAL DATA CORP COM 635621105 221 9600 SH SOLE 9600 0 0
NATIONAL EQUIPMENT SERVICES COM 635847106 67 11211 SH SOLE 11211 0 0
NATIONAL FUEL GAS COMPANY COM 636180101 1365 27995 SH SOLE 27995 0 0
NATIONAL SEMICONDUCTOR COM 637640103 1556 27423 SH SOLE 27423 0 0
NATIONAL SERVICES INDUSTRIES COM 637657107 328 16384 SH SOLE 16384 0 0
NATIONSMART CORP. COM 576817100 63 13725 SH SOLE 13725 0 0
NATIONSRENT INC COM 638588103 82 21495 SH SOLE 21495 0 0
NATIONWIDE HEALTH PPTYS INC COM 638620104 140 10067 SH SOLE 10067 0 0
NATURAL MICROSYSTEMS CORP COM 638882100 540 4800 SH SOLE 4800 0 0
NAVIGANT CONSULTING CO COM 63935N107 133 31356 SH SOLE 31356 0 0
NBC INTERNET INC COM 62873D105 175 14017 SH SOLE 14017 0 0
NBTY INC COM 628782104 117 18431 SH SOLE 18431 0 0
NCO GROUP INC COM 628858102 493 21306 SH SOLE 21306 0 0
NCS HEALTHCARE 5.75% CONV STK BOND CV 628874AC3 698 1868000 PRN SOLE 0 0 0
NEIMAN MARCUS GROUP INC CL A COM 640204202 1317 44557 SH SOLE 44557 0 0
NETEGRITY INC COM 64110P107 354 4700 SH SOLE 4700 0 0
NETIQ CORP COM 64115P102 423 7100 SH SOLE 7100 0 0
NETOPIA INC COM 64114K104 225 5597 SH SOLE 5597 0 0
NETRO CORP COM 64114R109 579 10100 SH SOLE 10100 0 0
NETWORK APPLIANCE INC COM 64120L104 8050 100000 SH PUT SOLE 100000 0 0
NETWORK APPLIANCE INC COM 64120L104 8050 100000 SH CALL SOLE 100000 0 0
NETWORK APPLIANCE INC COM 64120L104 4775 59320 SH SOLE 59320 0 0
NETWORK EQUIPMENT TECHNOLOGIE COM 641208103 178 17657 SH SOLE 17657 0 0
NETWORK PLUS 7.5% CONV PFD PFD CV 64122D605 2028 67032 SH SOLE 67032 0 0
NETWORKS ASSOCIATES INC COM 640938106 2014 98829 SH SOLE 98829 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 213 6000 SH SOLE 6000 0 0
NEW ERA OF NETWORKS INC COM 644312100 281 6600 SH SOLE 6600 0 0
NEW JERSEY RESOURCES INC COM 646025106 270 7105 SH SOLE 7105 0 0
NEW PLAN EXCEL REALTY TRUST COM 648053106 281 21600 SH SOLE 21600 0 0
NEW YORK TIMES CO CLASS A COM 650111107 1235 31271 SH SOLE 31271 0 0
NEWELL RUBBERMAID INC COM 651229106 1014 39374 SH SOLE 39374 0 0
NEWFIELD EXPLORATION CONV PFD PFD CV 651291205 1142 18700 SH SOLE 18700 0 0
NEWMONT MINING CORP (NEW) COM 651639106 376 17391 SH SOLE 17391 0 0
NEWPARK RESOURCES INC COM 651718504 228 24151 SH SOLE 24151 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 22 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NEWPORT NEWS SHIPBUILDING COM 652228107 1076 29279 SH SOLE 29279 0 0
NEWS CORP LTD - SPONSORED ADR COM 652487703 2303 42250 SH SOLE 42250 0 0
NEXTEL COMMUNICATIONS INC CL COM 65332V103 1224 20000 SH PUT SOLE 20000 0 0
NEXTEL COMMUNICATIONS INC CL COM 65332V103 9803 160207 SH SOLE 160207 0 0
NEXTLINK COMMUNICATIONS - A COM 65333H707 661 17420 SH SOLE 17420 0 0
NICOR INCORPORATED COM 654086107 388 11893 SH SOLE 11893 0 0
NIKE INCORPORATED CLASS B COM 654106103 3981 100000 SH CALL SOLE 100000 0 0
NIKE INCORPORATED CLASS B COM 654106103 10938 274731 SH SOLE 274731 0 0
NISOURCE INC COM 65473P105 869 46680 SH SOLE 46680 0 0
NL INDS INC COM 629156407 184 12067 SH SOLE 12067 0 0
NOBLE AFFLIATES INCORPORATED COM 654894104 1605 43095 SH SOLE 43095 0 0
NOBLE DRILLING CORP COM 655042109 3718 90258 SH SOLE 90258 0 0
NOKIA CORP SPON ADR COM 654902204 4025 80600 SH SOLE 80600 0 0
NORDSON CORPORATION COM 655663102 857 16933 SH SOLE 16933 0 0
NORDSTROM INCORPORATED COM 655664100 299 12407 SH SOLE 12407 0 0
NORFOLK SOUTHERN CORPORATION COM 655844108 573 38519 SH SOLE 38519 0 0
NORTEL NETWORKS CORP COM 656568102 27515 403146 SH SOLE 403146 0 0
NORTH FORK BANCORPORATION COM 659424105 1514 100103 SH SOLE 100103 0 0
NORTHEAST UTILITIES COMPANY COM 664397106 1854 85233 SH SOLE 85233 0 0
NORTHERN STATES POWER CO MINN COM 665772109 247 12231 SH SOLE 12231 0 0
NORTHERN TRUST COMPANY COM 665859104 2215 34042 SH SOLE 34042 0 0
NORTHROP GRUMMAN CORP COM 666807102 649 9794 SH SOLE 9794 0 0
NOVA CORP COM 669784100 1397 50013 SH SOLE 50013 0 0
NOVELL INC COM 670006105 686 74176 SH SOLE 74176 0 0
NOVELLUS SYSTEMS INC COM 670008101 1014 17926 SH SOLE 17926 0 0
NOVEN PHARMACEUTICALS INC COM 670009109 295 9800 SH SOLE 9800 0 0
NOVOSTE CORPORATION COM 67010C100 369 6042 SH SOLE 6042 0 0
NSTAR COM 67019E107 1875 46095 SH SOLE 46095 0 0
NTL INC COM 629407107 1261 21060 SH SOLE 21060 0 0
NVIDIA CORP COM 67066G104 2699 42462 SH SOLE 42462 0 0
NYFIX INC COM 670712108 260 6200 SH SOLE 6200 0 0
O M GROUP INC COM 670872100 286 6497 SH SOLE 6497 0 0
O'REILLY AUTOMOTIVE INC COM 686091109 145 10423 SH SOLE 10423 0 0
OAKWOOD HOMES CORP COM 674098108 42 23372 SH SOLE 23372 0 0
OCCIDENTAL PETROLEUM CORP DEL COM 674599105 1287 61118 SH SOLE 61118 0 0
OCEAN ENERGY INC COM 67481E106 1740 122662 SH SOLE 122662 0 0
OCWEN FINANCIAL CORP COM 675746101 75 13504 SH SOLE 13504 0 0
OFFICE DEPOT INC COM 676220106 406 65034 SH SOLE 65034 0 0
OFFICEMAX INC COM 67622M108 537 107347 SH SOLE 107347 0 0
OGDEN CORPORATION COM 676346109 484 53817 SH SOLE 53817 0 0
OGE ENERGY CORP COM 670837103 1395 75422 SH SOLE 75422 0 0
OHIO CASUALTY CORP COM 677240103 481 45258 SH SOLE 45258 0 0
OLD KENT FINANCIAL CORP COM 679833103 442 16539 SH SOLE 16539 0 0
OLD REPUBLIC INTL CORP COM 680223104 994 60265 SH SOLE 60265 0 0
OLIN CORPORATION COM 680665205 665 40276 SH SOLE 40276 0 0
OMNICARE INCORPORATED COM 681904108 943 104097 SH SOLE 104097 0 0
OMNICOM GROUP COM 681919106 2432 27308 SH SOLE 27308 0 0
OMNOVA SOLUTIONS INC COM 682129101 144 22995 SH SOLE 22995 0 0
ON ASSIGNMENT INC COM 682159108 348 11422 SH SOLE 11422 0 0
ONE VALLEY BANCORP INC COM 682419106 339 10842 SH SOLE 10842 0 0
ONEMAIN.COM INC COM 68267P109 138 12269 SH SOLE 12269 0 0
ONEOK INC COM 682680103 205 7921 SH SOLE 7921 0 0
OPEN MKT INC COM 68370M100 180 13056 SH SOLE 13056 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 23 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ORACLE SYSTEMS CORP COM 68389X105 7986 95000 SH PUT SOLE 95000 0 0
ORACLE SYSTEMS CORP COM 68389X105 37905 450913 SH SOLE 450913 0 0
ORACLE SYSTEMS CORP COM 68389X105 8827 105000 SH CALL SOLE 105000 0 0
OSICOM TECHNOLOGIES INC COM 688271501 254 3000 SH SOLE 3000 0 0
OUTBACK STEAKHOUSE INC COM 689899102 1560 53340 SH SOLE 53340 0 0
OVERSEAS SHIPHOLDING GROUP IN COM 690368105 655 26596 SH SOLE 26596 0 0
OWENS & MINOR TRUST I PFD CV 690905302 2085 44926 SH SOLE 44926 0 0
OWENS CORNING NEW COM 69073F103 100 10843 SH SOLE 10843 0 0
OXFORD HEALTH PLANS INC COM 691471106 1450 60899 SH SOLE 60899 0 0
P P G INDUSTRIES INC COM 693506107 843 19016 SH SOLE 19016 0 0
P-COM INC. COM 693262107 178 31257 SH SOLE 31257 0 0
PACCAR COM 693718108 532 13407 SH SOLE 13407 0 0
PACIFIC CAPITAL BANCORP COM 69404P101 230 9192 SH SOLE 9192 0 0
PACIFIC CENTURY FINANCIAL COR COM 694058108 629 43013 SH SOLE 43013 0 0
PACIFICARE HEALTH SYSTEMS COM 695112102 1612 26789 SH SOLE 26789 0 0
PACTIV CORP COM 695257105 261 33191 SH SOLE 33191 0 0
PAGING NETWORK INC COM 695542100 25 34715 SH SOLE 34715 0 0
PAINE WEBBER GROUP INC COM 695629105 1100 24185 SH SOLE 24185 0 0
PANAMSAT CORP COM 697933109 2184 50000 SH PUT SOLE 50000 0 0
PANAMSAT CORP COM 697933109 1735 39721 SH SOLE 39721 0 0
PAPA JOHN'S INTL INC COM 698813102 603 24613 SH SOLE 24613 0 0
PARAMETRIC TECHNOLOGY CORP COM 699173100 692 62878 SH SOLE 62878 0 0
PARK NATIONAL CORP COM 700658107 362 3992 SH SOLE 3992 0 0
PARK PLACE ENTERTAINMENT COM 700690100 2295 188314 SH SOLE 188314 0 0
PARKER DRILLING COMPANY COM 701081101 210 33975 SH SOLE 33975 0 0
PARKER HANNIFIN CORP COM 701094104 265 7734 SH SOLE 7734 0 0
PATTERSON ENERGY INC COM 703414102 410 14389 SH SOLE 14389 0 0
PAXSON COMMUNCATION COM 704231109 93 11681 SH SOLE 11681 0 0
PAYCHEX INC COM 704326107 2965 70596 SH SOLE 70596 0 0
PAYLESS SHOESOURCE INC. COM 704379106 1258 24537 SH SOLE 24537 0 0
PE CORP -CELERA GENOMICS GROU COM 69332S201 349 3797 SH SOLE 3797 0 0
PE CORP PE BIOSYSTEMS GROUP COM 69332S102 1734 26318 SH SOLE 26318 0 0
PECO ENERGY INC COM 693304107 255 6318 SH SOLE 6318 0 0
PEGASUS COMMUNICATIO NS CORP 6 PFD CV 705904407 4089 44200 SH SOLE 44200 0 0
PEGASYSTEMS INC COM 705573103 65 12951 SH SOLE 12951 0 0
PENNZOIL-QUAKER STATE COM 709323109 832 69005 SH SOLE 69005 0 0
PENTAIR INC COM 709631105 1440 40557 SH SOLE 40557 0 0
PENTON MEDIA INC COM 709668107 315 9009 SH SOLE 9009 0 0
PEOPLES ENERGY CORPORATION COM 711030106 469 14489 SH SOLE 14489 0 0
PEOPLESOFT INC COM 712713106 1128 67346 SH SOLE 67346 0 0
PEPSICO INCORPORATED COM 713448108 444 10000 SH CALL SOLE 10000 0 0
PEPSICO INCORPORATED COM 713448108 8847 199085 SH SOLE 199085 0 0
PER SE TECHNOLOGIES INC COM 713569309 100 10658 SH SOLE 10658 0 0
PEREGRINE SYSTEMS INC COM 71366Q101 231 6664 SH SOLE 6664 0 0
PERICOM SEMICONDUCTOR CORP COM 713831105 211 3100 SH SOLE 3100 0 0
PERKINELMER INC COM 714046109 1051 15899 SH SOLE 15899 0 0
PERRIGO CO COM 714290103 325 51427 SH SOLE 51427 0 0
PERSONNEL GROUP OF AMERICA IN COM 715338109 31 10522 SH SOLE 10522 0 0
PETSMART INC. COM 716768106 196 58040 SH SOLE 58040 0 0
PFIZER INCORPORATED COM 717081103 49021 1021263 SH SOLE 1021263 0 0
PG+E CORP COM 69331C108 1643 66732 SH SOLE 66732 0 0
PHARMACIA INC COM 71713U102 10462 202401 SH SOLE 202401 0 0
PHARMACOPEIA INC. COM 71713B104 385 8300 SH SOLE 8300 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 24 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PHARMACYCLICS INC COM 716933106 233 3814 SH SOLE 3814 0 0
PHILIP MORRIS COS INC COM 718154107 7877 296557 SH SOLE 296557 0 0
PHILLIPS PETROLEUM COMPANY COM 718507106 1598 31521 SH SOLE 31521 0 0
PHOENIX INVESTMENT PARTNERS COM 719085102 150 14273 SH SOLE 14273 0 0
PHOTON DYNAMICS INC COM 719364101 246 3300 SH SOLE 3300 0 0
PHOTRONICS INC FORMERLY COM 719405102 272 9587 SH SOLE 9587 0 0
PHYCOR INC COM 71940F100 21 34009 SH SOLE 34009 0 0
PICTURETEL CORP NEW COM 720035302 37 14228 SH SOLE 14228 0 0
PIER 1 IMPORTS INC COM 720279108 441 45222 SH SOLE 45222 0 0
PINNACLE ENTERTAINMENT INC COM 723456109 275 14148 SH SOLE 14148 0 0
PINNACLE SYSTEMS INC. COM 723481107 310 13788 SH SOLE 13788 0 0
PIONEER GROUP INC COM 723684106 379 8940 SH SOLE 8940 0 0
PIONEER NATURAL RESOURCES COR COM 723787107 909 71332 SH SOLE 71332 0 0
PIONEER STANDARD ELECTRO PFD CV 723879300 6906 129489 SH SOLE 129489 0 0
PITNEY BOWES INC COM 724479100 903 22575 SH SOLE 22575 0 0
PITTSTON SERVICES GROUP COM 725701106 540 39465 SH SOLE 39465 0 0
PLACER DOME INC COM 725906101 151 15757 SH SOLE 15757 0 0
PLANTRONICS INC (NEW) COM 727493108 992 8587 SH SOLE 8587 0 0
PLEXUS CORP COM 729132100 545 4826 SH SOLE 4826 0 0
PLX TECHNOLOGY COM 693417107 205 4930 SH SOLE 4930 0 0
PMC-SIERRA INC COM 69344F106 8884 50000 SH CALL SOLE 50000 0 0
PMC-SIERRA INC COM 69344F106 8884 50000 SH PUT SOLE 50000 0 0
PMC-SIERRA INC COM 69344F106 1687 9495 SH SOLE 9495 0 0
PMI GROUP COM 69344M101 2049 43134 SH SOLE 43134 0 0
PNC BANK CORP COM 693475105 2518 53722 SH SOLE 53722 0 0
POGO TRUST I 6.50% DUE 6/1/202 PFD CV 73044P208 244 4500 SH SOLE 4500 0 0
POLICY MANAGEMENT SYSTEMS COR COM 731108106 531 34507 SH SOLE 34507 0 0
POLYCOM INC COM 73172K104 2338 24851 SH SOLE 24851 0 0
POTLATCH CORPORATION COM 737628107 500 15108 SH SOLE 15108 0 0
POTOMAC ELECTRIC POWER COMPAN COM 737679100 1734 69361 SH SOLE 69361 0 0
POWERWAVE TECHNOLOGLIES COM 739363109 2163 49160 SH SOLE 49160 0 0
PPL CORP COM 69351T106 422 19237 SH SOLE 19237 0 0
PRAXAIR INC COM 74005P104 674 17994 SH SOLE 17994 0 0
PRECISION CASTPARTS COM 740189105 1224 27059 SH SOLE 27059 0 0
PREMIER PARKS INC NEW COM 740540208 882 38760 SH SOLE 38760 0 0
PRENTISS PROPERTIES TRUST COM 740706106 436 18186 SH SOLE 18186 0 0
PRI AUTOMATION INC COM 69357H106 502 7678 SH SOLE 7678 0 0
PRICE COMMUNICATIONS CORP(NEW COM 741437305 353 14992 SH SOLE 14992 0 0
PRIME HOSPITALITY CORP (NEW) COM 741917108 126 13390 SH SOLE 13390 0 0
PRIME RETAIL INC COM 741570105 28 22030 SH SOLE 22030 0 0
PRIMUS TELECOMM GROUP SERIES 1 BOND CV 741929AK9 2545 3562000 PRN SOLE 0 0 0
PROCOM TECHNOLOGY INC COM 74270W107 398 7700 SH SOLE 7700 0 0
PROCTER & GAMBLE COMPANY COM 742718109 18394 321295 SH SOLE 321295 0 0
PROFIT RECOVERY GROUP INTL COM 743168106 394 23672 SH SOLE 23672 0 0
PROGRESS SOFTWARE CORP COM 743312100 223 12450 SH SOLE 12450 0 0
PROGRESSIVE CORP (OHIO) COM 743315103 360 4868 SH SOLE 4868 0 0
PROLOGIS TRUST 7.00% SER B PRF PFD CV 743410300 693 25300 SH SOLE 25300 0 0
PROTECTION ONE INC COM 743663304 36 16301 SH SOLE 16301 0 0
PROTECTIVE LIFE CORP COM 743674103 1113 41801 SH SOLE 41801 0 0
PROTEIN DESIGN LABS INC. CONV BOND CV 74369LAA1 12954 10312000 PRN SOLE 0 0 0
PROVIDENT FINANCIAL GROUP COM 743866105 655 27501 SH SOLE 27501 0 0
PROVIDIAN FINANCIAL CORP COM 74406A102 1741 19339 SH SOLE 19339 0 0
PROXIM INC COM 744284100 338 3412 SH SOLE 3412 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 25 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PS BUSINESS PARKS INC COM 69360J107 297 12355 SH SOLE 12355 0 0
PSS WORLD MEDICAL COM 69366A100 490 72997 SH SOLE 72997 0 0
PTEK HOLDINGS INC COM 69366M104 53 16283 SH SOLE 16283 0 0
PUBLIC SERVICE CO NEW MEXICO COM 744499104 484 31359 SH SOLE 31359 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1487 42947 SH SOLE 42947 0 0
PUGET SOUND ENERGY INC COM 745332106 1144 53666 SH SOLE 53666 0 0
PUMA TECHNOLOGY INC COM 745887109 249 9300 SH SOLE 9300 0 0
QLOGIC CORP COM 747277101 1321 20000 SH PUT SOLE 20000 0 0
QLOGIC CORP COM 747277101 1321 20000 SH CALL SOLE 20000 0 0
QLOGIC CORP COM 747277101 3694 55920 SH SOLE 55920 0 0
QUADRAMED CORP CONV BOND CV 74730WAC5 422 1000000 PRN SOLE 0 0 0
QUAKER OATS COMPANY COM 747402105 2421 32225 SH SOLE 32225 0 0
QUALCOMM INC COM 747525103 2820 47000 SH CALL SOLE 47000 0 0
QUALCOMM INC COM 747525103 22537 375611 SH SOLE 375611 0 0
QUALCOMM INC COM 747525103 13200 220000 SH PUT SOLE 220000 0 0
QUANTA SERVICES INC COM 74762E102 2147 39029 SH SOLE 39029 0 0
QUANTUM CORP DLT & STORAGE COM 747906204 844 87128 SH SOLE 87128 0 0
QUANTUM CORP HARD DISK DRIVE COM 747906303 115 10400 SH SOLE 10400 0 0
QUEST DIAGNOSTICS COM 74834L100 2158 28875 SH SOLE 28875 0 0
QUESTAR CORP. COM 748356102 833 42969 SH SOLE 42969 0 0
QUINTILIES TRANSNATIONAL CORP COM 748767100 615 43551 SH SOLE 43551 0 0
QUORUM HEALTH GROUP INC COM 749084109 640 62105 SH SOLE 62105 0 0
R R DONNELLEY & SON COMPANY COM 257867101 443 19619 SH SOLE 19619 0 0
R.H. DONNELLEY CORP COM 74955W307 339 17520 SH SOLE 17520 0 0
RADIOSHACK CORP COM 750438103 1201 25354 SH SOLE 25354 0 0
RARE MEDIUM GROUP INC COM 75382N109 208 13157 SH SOLE 13157 0 0
RATHEON CLASS B COM 755111408 732 38010 SH SOLE 38010 0 0
RATIONAL SOFTWARE CORP NEW COM 75409P202 5765 62031 SH SOLE 62031 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 226 10044 SH SOLE 10044 0 0
RAYONIER INC COM 754907103 776 21622 SH SOLE 21622 0 0
RAZORFISH COM 755236106 165 10284 SH SOLE 10284 0 0
READ-RITE CORP COM 755246105 38 17085 SH SOLE 17085 0 0
READERS DIGEST ASSOCIATION COM 755267101 2739 68903 SH SOLE 68903 0 0
REALNETWORKS INC COM 75605L104 936 18515 SH SOLE 18515 0 0
REGIONS FINANCIAL CORP COM 758940100 581 29208 SH SOLE 29208 0 0
REGIS CORP NEW COM 758932107 126 10066 SH SOLE 10066 0 0
RELIANCE GROUP HLDGS INC COM 759464100 30 40641 SH SOLE 40641 0 0
RELIANT ENERGY CORP COM 75952J108 563 19045 SH SOLE 19045 0 0
RELIANT ENERGY INTO TWX ZENS ( PFD CV 75952J207 6471 86250 SH SOLE 86250 0 0
RELIASTAR FINANCIAL CORP COM 75952U103 2939 56057 SH SOLE 56057 0 0
REMEC INC COM 759543101 365 8719 SH SOLE 8719 0 0
REMEDY CORP COM 759548100 742 13308 SH SOLE 13308 0 0
RENAISANCE WORLDWIDE INC COM 75968A109 18 11526 SH SOLE 11526 0 0
RENAL CARE GROUP INC COM 759930100 567 23178 SH SOLE 23178 0 0
REPUBLIC SECURITY FINL CORP COM 760758102 114 22852 SH SOLE 22852 0 0
RES-CARE INC CONV SUB NOTES BOND CV 760943AC4 1756 3585000 PRN SOLE 0 0 0
RES-CARE INC PRV PLCT 144A BOND CV 760943AA8 367 750000 PRN SOLE 0 0 0
REXALL SUNDOWN INC COM 761648104 502 20908 SH SOLE 20908 0 0
REYNOLDS & REYNOLDS COMPANY COM 761695105 774 42420 SH SOLE 42420 0 0
RF MICRO DEVICES COM 749941100 512 5838 SH SOLE 5838 0 0
RHYTHMS NETCONNECTIONS 144A PFD CV 762430304 1926 42187 SH SOLE 42187 0 0
RHYTHMS NETCONNECTIONS INC COM 762430205 185 14700 SH SOLE 14700 0 0
RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 1983 70970 SH SOLE 70970 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 26 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ROBERT HALF INTL INC COM 770323103 3435 120510 SH SOLE 120510 0 0
ROBOTIC VISION SYSTEMS INC COM 771074101 184 10200 SH SOLE 10200 0 0
ROC TAIWAN FUND COM 749651105 801 92200 SH SOLE 92200 0 0
ROCKWELL INTERNATIONAL COM 773903109 794 25221 SH SOLE 25221 0 0
ROHM & HAAS COMPANY COM 775371107 1238 35877 SH SOLE 35877 0 0
ROLLINS INCORPORATED COM 775711104 273 18353 SH SOLE 18353 0 0
ROLLINS TRUCK LEASING CORP COM 775741101 151 21721 SH SOLE 21721 0 0
ROPER INDUSTRIES INC NEW COM 776696106 263 10245 SH SOLE 10245 0 0
ROSS STORES INC COM 778296103 992 58145 SH SOLE 58145 0 0
ROWAN COMPANIES INC COM 779382100 556 18297 SH SOLE 18297 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 241 13000 SH SOLE 13000 0 0
ROYAL DUTCH PETRO - NY SHARES COM 780257804 18253 296501 SH SOLE 296501 0 0
RPC ENERGY SVS INC COM 749660106 202 19119 SH SOLE 19119 0 0
RPM INCORPORATED OHIO COM 749685103 455 44973 SH SOLE 44973 0 0
RUDDICK CORP COM 781258108 327 27654 SH SOLE 27654 0 0
RURAL CELLULAR CORP COM 781904107 214 2800 SH SOLE 2800 0 0
RYANS FAMILY STEAK HOUSES INC COM 783519101 118 14023 SH SOLE 14023 0 0
RYERSON TULL INC COM 78375P107 161 15534 SH SOLE 15534 0 0
S C I SYSTEMS COM 783890106 4036 102992 SH SOLE 102992 0 0
S P X CORP COM 784635104 2601 21511 SH SOLE 21511 0 0
S3 INC COM 784849101 511 34650 SH SOLE 34650 0 0
SABRATEK CORP CONVER NOTES BOND CV 78571UAA6 1472 4200000 PRN SOLE 0 0 0
SABRE GROUP HOLDINGS ICN COM 785905100 470 16482 SH SOLE 16482 0 0
SAFECO CORPORATION COM 786429100 437 22006 SH SOLE 22006 0 0
SAFEGUARD SCIENTIFIC INC COM 786449108 551 17200 SH SOLE 17200 0 0
SAFEGUARD SCIENTIFIC INC COM 786449108 641 20000 SH CALL SOLE 20000 0 0
SAFEGUARD SCIENTIFIC PRIV PLMN BOND CV 786449AD0 11753 8000000 PRN SOLE 0 0 0
SAFEGUARD SCIENTIFICS BOND CV 786449AE8 2591 1764000 PRN SOLE 0 0 0
SAFEWAY INC COM 786514208 2764 61416 SH SOLE 61416 0 0
SAKS INC COM 79377W108 886 84396 SH SOLE 84396 0 0
SANMINA CORP COM 800907107 2289 26777 SH SOLE 26777 0 0
SANMINA CORP SUB NOTES BOND CV 800907AB3 15606 7716000 PRN SOLE 0 0 0
SANTA FE SNYDER CORP COM 80218K105 1371 120554 SH SOLE 120554 0 0
SAPIENT CORP. COM 803062108 970 9072 SH SOLE 9072 0 0
SARA LEE CORP COM 803111103 2759 142875 SH SOLE 142875 0 0
SAWTEK INC COM 805468105 1653 28723 SH SOLE 28723 0 0
SBA COMMUNICATIONS CORP COM 78388J106 374 7200 SH SOLE 7200 0 0
SBC COMMUNICATIONS INC COM 78387G103 6920 160000 SH CALL SOLE 160000 0 0
SBC COMMUNICATIONS INC COM 78387G103 20893 483071 SH SOLE 483071 0 0
SCANA CORP WHEN ISSUED COM 80589M102 1755 72762 SH SOLE 72762 0 0
SCHERING-PLOUGH CORP COM 806605101 9477 187672 SH SOLE 187672 0 0
SCHLUMBERGER LIMITED COM 806857108 4765 63858 SH SOLE 63858 0 0
SCHOLASTIC CORP COM 807066105 967 15813 SH SOLE 15813 0 0
SCIENTIFIC-ATLANTA INC COM 808655104 1766 23698 SH SOLE 23698 0 0
SCM MICROSYSTEMS INC COM 784018103 285 4704 SH SOLE 4704 0 0
SDL INC COM 784076101 1636 5735 SH SOLE 5735 0 0
SEAGATE TECHNOLOGY INC COM 811804103 1411 25656 SH SOLE 25656 0 0
SEAGRAM COMPANY LTD COM 811850106 22474 387482 SH SOLE 387482 0 0
SEALED AIR CORP COM 81211K100 445 8489 SH SOLE 8489 0 0
SEALED AIR CORP PRFD CONV STK PFD CV 81211K209 5620 112219 SH SOLE 112219 0 0
SEARS ROEBUCK & COMPANY COM 812387108 6525 200000 SH PUT SOLE 200000 0 0
SEARS ROEBUCK & COMPANY COM 812387108 9179 281341 SH SOLE 281341 0 0
SECURITY CAP US REALTY CONV 14 BOND CV 814136AA5 395 500000 PRN SOLE 0 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 27 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SEITEL INC NEW COM 816074306 86 10524 SH SOLE 10524 0 0
SEMPRA ENERGY COM 816851109 581 34185 SH SOLE 34185 0 0
SEMTECH CORPORATION COM 816850101 1693 22140 SH SOLE 22140 0 0
SENSORMATIC ELECTRONIC CORP COM 817265101 1024 64770 SH SOLE 64770 0 0
SENSORMATIC ELECTRS CORP COM 817265606 226 14280 SH SOLE 14280 0 0
SEPRACOR INC COM 817315104 5742 47601 SH SOLE 47601 0 0
SEPRACOR INC CONV 144A BOND CV 817315AJ3 15165 10312000 PRN SOLE 0 0 0
SEQUA CORP CLASS A COM 817320104 330 8643 SH SOLE 8643 0 0
SERVICE CORP INTERNATIONAL COM 817565104 134 41900 SH SOLE 41900 0 0
SHAW INDUSTRIES INC COM 820286102 1231 98500 SH SOLE 98500 0 0
SHERWIN-WILLIAMS COMPANY COM 824348106 325 15334 SH SOLE 15334 0 0
SHURGARD STORAGE CENTERS INC COM 82567D104 356 15801 SH SOLE 15801 0 0
SICOR INC COM 825846108 242 30289 SH SOLE 30289 0 0
SIEBEL SYSTEMS INC COM 826170102 6676 40818 SH SOLE 40818 0 0
SIEBEL SYSTEMS INC COM 826170102 4089 25000 SH PUT SOLE 25000 0 0
SIEBEL SYSTEMS INC COM 826170102 4089 25000 SH CALL SOLE 25000 0 0
SIERRA HEALTH SVCS INC COM 826322109 46 14433 SH SOLE 14433 0 0
SIERRA PACIFIC RESOURCES COM 826428104 662 52664 SH SOLE 52664 0 0
SIGMA-ALDRICH CORPORATION COM 826552101 490 16737 SH SOLE 16737 0 0
SILICON IMAGE INC COM 82705T102 234 4700 SH SOLE 4700 0 0
SILICON VALLEY GROUP INC COM 827066101 224 8655 SH SOLE 8655 0 0
SILICON VY BANCSHARES COM 827064106 880 20644 SH SOLE 20644 0 0
SILVERSTREAM SOFTWARE INC COM 827907106 202 3500 SH SOLE 3500 0 0
SIPEX CORP COM 829909100 227 8187 SH SOLE 8187 0 0
SIRIUS SATELLITE RADIO INC COM 82966U103 421 9493 SH SOLE 9493 0 0
SITEL CORP COM 82980K107 158 31960 SH SOLE 31960 0 0
SKY FINANCIAL GROUP COM 83080P103 458 28767 SH SOLE 28767 0 0
SKYWEST INC COM 830879102 238 6416 SH SOLE 6416 0 0
SLM HOLDING CORP COM 78442A109 598 15984 SH SOLE 15984 0 0
SMARTALK TELESERVCS PVT PLCMT BOND CV 83169AAA8 0 500000 PRN SOLE 0 0 0
SMITH INTERNATIONAL INC COM 832110100 2399 32948 SH SOLE 32948 0 0
SMITHFIELD FOODS INC COM 832248108 487 17347 SH SOLE 17347 0 0
SMURFIT-STONE CORP COM 832727101 166 12930 SH SOLE 12930 0 0
SNAP-ON INC HLDG CO COM 833034101 895 33624 SH SOLE 33624 0 0
SNYDER COMMUNICATIONS INC COM 832914105 3164 133200 SH SOLE 133200 0 0
SOLECTRON CORP COM 834182107 2947 70380 SH SOLE 70380 0 0
SOLUTIA INC COM 834376105 1472 107088 SH SOLE 107088 0 0
SONICWALL INC COM 835470105 291 3300 SH SOLE 3300 0 0
SONOCO PRODS CO COM 835495102 1196 58157 SH SOLE 58157 0 0
SOTHEBY`S HOLDINGS INC COM 835898107 777 44378 SH SOLE 44378 0 0
SOUTH FINANCIAL GROUP INC COM 837841105 207 14261 SH SOLE 14261 0 0
SOUTHDOWN INCORPORATED COM 841297104 1430 24764 SH SOLE 24764 0 0
SOUTHERN COMPANY COM 842587107 2230 95654 SH SOLE 95654 0 0
SOUTHERN PACIFIC FUNDING CTFS COM 843578204 0 242314 SH SOLE 242314 0 0
SOUTHTRUST CORP COM 844730101 513 22696 SH SOLE 22696 0 0
SOUTHWEST AIRLINES COM 844741108 1422 75099 SH SOLE 75099 0 0
SOUTHWESTERN ENERGY COMPANY COM 845467109 71 11345 SH SOLE 11345 0 0
SOVEREIGN BANCORP INC COM 845905108 1170 166471 SH SOLE 166471 0 0
SOVEREIGN BANCORP INC PFD INCO PFD CV 845905306 4033 87694 SH SOLE 87694 0 0
SPRINT CORP COM 852061100 6061 118847 SH SOLE 118847 0 0
SPRINT CORP PCS GROUP COM 852061506 7040 118317 SH SOLE 118317 0 0
SPS TECH INC COM 784626103 234 5705 SH SOLE 5705 0 0
SPYGLASS INC COM 852192103 228 7276 SH SOLE 7276 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 28 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ST JUDE MEDICAL INCORPORATED COM 790849103 743 16189 SH SOLE 16189 0 0
ST PAUL COMPANIES INC COM 792860108 999 29281 SH SOLE 29281 0 0
STANDARD REGISTER CO COM 853887107 247 17301 SH SOLE 17301 0 0
STAPLES INC COM 855030102 1290 83893 SH SOLE 83893 0 0
STAR TELECOMMUNICATIONS INC COM 854923109 30 11875 SH SOLE 11875 0 0
STARBASE CORP COM 854910205 137 12900 SH SOLE 12900 0 0
STARBUCKS CORPORATION COM 855244109 1398 36613 SH SOLE 36613 0 0
STARTEK INC COM 85569C107 225 4471 SH SOLE 4471 0 0
STATE STREET CORP. COM 857477103 1120 10558 SH SOLE 10558 0 0
STATEN ISLAND BANCORP INC COM 857550107 193 10977 SH SOLE 10977 0 0
STEEL DYNAMICS INC COM 858119100 161 17782 SH SOLE 17782 0 0
STERIS CORP COM 859152100 601 67766 SH SOLE 67766 0 0
STEWART & STEVENSON SVCS COM 860342104 485 32188 SH SOLE 32188 0 0
STEWART ENTERPRISES INC CL A COM 860370105 162 45972 SH SOLE 45972 0 0
STILLWATER MINING CO. COM 86074Q102 615 22071 SH SOLE 22071 0 0
STORAGE TECHNOLOGY CORP COM 862111200 966 88299 SH SOLE 88299 0 0
STRIDE RITE CORPORATION COM 863314100 107 17405 SH SOLE 17405 0 0
STRUCTURAL DYNAMICS RESH COM 863555108 458 30434 SH SOLE 30434 0 0
STRYKER CORP COM 863667101 6265 143198 SH SOLE 143198 0 0
SUIZA CAP TRUST 11 5.50% PRFD PFD CV 86507G408 606 15636 SH SOLE 15636 0 0
SUIZA FOODS CORP COM 865077101 1139 23302 SH SOLE 23302 0 0
SUMMIT BANCORP COM 866005101 975 39604 SH SOLE 39604 0 0
SUMMIT TECHNOLOGY INC COM 86627E101 317 16821 SH SOLE 16821 0 0
SUN MICROSYSTEMS INC COM 866810104 10913 120000 SH PUT SOLE 120000 0 0
SUN MICROSYSTEMS INC COM 866810104 23071 253700 SH CALL SOLE 253700 0 0
SUN MICROSYSTEMS INC COM 866810104 24134 265392 SH SOLE 265392 0 0
SUNBEAM CORPORATION COM 867071102 195 56823 SH SOLE 56823 0 0
SUNGARD DATA SYSTEMS INC COM 867363103 2972 95870 SH SOLE 95870 0 0
SUNGLASS HUT INTL INC COM 86736F106 83 10088 SH SOLE 10088 0 0
SUNOCO INC COM 86764P109 322 10952 SH SOLE 10952 0 0
SUNRISE ASSISTED LIVING COM 86768K106 195 10548 SH SOLE 10548 0 0
SUNRISE MEDICAL INC COM 867910101 50 10194 SH SOLE 10194 0 0
SUNRISE TECHNOLOGIES INTL INC COM 86769L103 171 17147 SH SOLE 17147 0 0
SUNTERRA CORP COM 86787D109 3 12634 SH SOLE 12634 0 0
SUNTRUST BANKS INC COM 867914103 2826 61863 SH SOLE 61863 0 0
SUPERCONDUCTOR TECHNOLOGIES COM 867931107 204 5200 SH SOLE 5200 0 0
SUPERGEN INC COM 868059106 574 15824 SH SOLE 15824 0 0
SUPERIOR ENERGY SERVICES INC COM 868157108 125 12000 SH SOLE 12000 0 0
SUPERIOR INDUSTRIES COM 868168105 844 32794 SH SOLE 32794 0 0
SUPERVALU INC COM 868536103 353 18537 SH SOLE 18537 0 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 195 13693 SH SOLE 13693 0 0
SVI HOLDING INC COM 784872103 53 10303 SH SOLE 10303 0 0
SWIFT ENERGY COMPANY COM 870738101 240 8452 SH SOLE 8452 0 0
SWIFT TRANSPORTATION CO INC COM 870756103 695 49647 SH SOLE 49647 0 0
SYBASE INC COM 871130100 1804 78428 SH SOLE 78428 0 0
SYBRON INT'L CORP COM 87114F106 1544 77953 SH SOLE 77953 0 0
SYKES ENTERPRISES INC COM 871237103 471 36581 SH SOLE 36581 0 0
SYLVAN LEARNING SYSTEMS INC COM 871399101 397 28893 SH SOLE 28893 0 0
SYMANTEC CORP COM 871503108 2277 42211 SH SOLE 42211 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 5023 93016 SH SOLE 93016 0 0
SYMYX TECHNOLOGIES INC COM 87155S108 264 6200 SH SOLE 6200 0 0
SYNOPSYS INC COM 871607107 1713 49557 SH SOLE 49557 0 0
SYNOVUS FINANCIAL CORP COM 87161C105 540 30641 SH SOLE 30641 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 29 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SYSCO CORPORATION COM 871829107 1524 36186 SH SOLE 36186 0 0
SYSTEMAX INC COM 871851101 43 11116 SH SOLE 11116 0 0
T R W INCORPORATED COM 872649108 844 19448 SH SOLE 19448 0 0
T ROWE PRICE & ASSOC INC COM 741477103 937 22049 SH SOLE 22049 0 0
TAIWAN FUND INC COM 874036106 419 21900 SH SOLE 21900 0 0
TALK.COM INC COM 874264104 136 23379 SH SOLE 23379 0 0
TARGET CORP COM 87612E106 3857 66504 SH SOLE 66504 0 0
TCF FINANCIAL CORP COM 872275102 1422 55364 SH SOLE 55364 0 0
TECH DATA CORP COM 878237106 1552 35627 SH SOLE 35627 0 0
TECHNITROL INCORPORATED COM 878555101 374 3859 SH SOLE 3859 0 0
TECHNOLOGY SOLUTIONS CO COM 87872T108 72 11673 SH SOLE 11673 0 0
TECO ENERGY INC COM 872375100 2099 104616 SH SOLE 104616 0 0
TECUMSEH PRODS CO CL A COM 878895200 574 15040 SH SOLE 15040 0 0
TEKELEC INC CONV 144A PRVT PLC BOND CV 879101AA1 16630 6000000 PRN SOLE 0 0 0
TEKELEC INC SUB NOTES BOND CV 879101AC7 261 94000 PRN SOLE 0 0 0
TEKTRONIX INCORPORATED COM 879131100 709 9576 SH SOLE 9576 0 0
TELECOM SEMICONDUCTOR INC COM 87921P107 312 7800 SH SOLE 7800 0 0
TELECOMUNICACOES DE SAO PAULO COM 87929A995 0 1431600 SH SOLE 1431600 0 0
TELEFLEX INCORPORATED COM 879369106 1107 30958 SH SOLE 30958 0 0
TELEFONICA DE ARGENTINA COM 879378982 0 811600 SH SOLE 811600 0 0
TELEFONICA DEL PERU COM 879384998 0 186300 SH SOLE 186300 0 0
TELEFONOS DE MEXICO S.A. BOND CV 879403AD5 11994 8906000 PRN SOLE 0 0 0
TELEFONOS DE MEXICO SA DE CV COM 879403780 11254 197000 SH SOLE 197000 0 0
TELEGLOBE INC COM 87941V100 632 30000 SH SOLE 30000 0 0
TELEPHONE & DATA SYSTEMS INC COM 879433100 3522 35133 SH SOLE 35133 0 0
TELLABS INCORPORATED COM 879664100 1369 20000 SH CALL SOLE 20000 0 0
TELLABS INCORPORATED COM 879664100 4106 60000 SH PUT SOLE 60000 0 0
TELLABS INCORPORATED COM 879664100 5716 83521 SH SOLE 83521 0 0
TEMPLE INLAND INC COM 879868107 259 6161 SH SOLE 6161 0 0
TENET HEALTHCARE GROUP COM 88033G100 1491 55209 SH SOLE 55209 0 0
TERADYNE INCORPORATED COM 880770102 1652 22482 SH SOLE 22482 0 0
TERRA INDUSTRIES INC COM 880915103 17 15893 SH SOLE 15893 0 0
TERREMARK WORLDWIDE INC COM 881448104 60 12100 SH SOLE 12100 0 0
TETRA TECH INC NEW COM 88162G103 317 13860 SH SOLE 13860 0 0
TEXACO INC COM 881694103 3979 74722 SH SOLE 74722 0 0
TEXAS INDUSTRIES INCORPORATED COM 882491103 205 7089 SH SOLE 7089 0 0
TEXAS INSTRUMENTS INCORPORATE COM 882508104 17082 248690 SH SOLE 248690 0 0
TEXAS INSTRUMENTS INCORPORATE COM 882508104 6869 100000 SH PUT SOLE 100000 0 0
TEXTRON INCORPORATED COM 883203101 1118 20585 SH SOLE 20585 0 0
THERMO ELECTRON CORPORATION COM 883556102 444 21094 SH SOLE 21094 0 0
THOMAS & BETTS CORPORATION COM 884315102 313 16387 SH SOLE 16387 0 0
THREE FIVE SYSTEMS INC COM 88554L108 295 5000 SH SOLE 5000 0 0
TIDEWATER INCORPORATED COM 886423102 1761 48927 SH SOLE 48927 0 0
TIFFANY & CO NEW COM 886547108 304 4497 SH SOLE 4497 0 0
TIMBERLAND CO CLASS A COM 887100105 214 3023 SH SOLE 3023 0 0
TIME WARNER INC COM 887315109 17549 230909 SH SOLE 230909 0 0
TITAN CORP COM 888266103 1543 34486 SH SOLE 34486 0 0
TJX COS INC NEW COM 872540109 926 49377 SH SOLE 49377 0 0
TMP WORLDWIDE INC COM 872941109 303 4100 SH SOLE 4100 0 0
TOLLGRADE COMMUNICATIONS INC COM 889542106 451 3400 SH SOLE 3400 0 0
TOM BROWN INC NEW COM 115660201 288 12481 SH SOLE 12481 0 0
TOO INC COM 890333107 201 7900 SH SOLE 7900 0 0
TOPPS INC (THE) COM 890786106 196 17002 SH SOLE 17002 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 30 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TOSCO CORP NEW COM 891490302 1015 35860 SH SOLE 35860 0 0
TOTAL FINA ELF S.A. COM 89151E109 691 9000 SH SOLE 9000 0 0
TOTAL RENAL CARE HOLDINGS INS COM 89151A107 175 29183 SH SOLE 29183 0 0
TOWER AUTOMOTIVE INC COM 891707101 176 14111 SH SOLE 14111 0 0
TOYS R US INC COM 892335100 279 19158 SH SOLE 19158 0 0
TRANS WORLD AIRLINES COM 893349837 40 18497 SH SOLE 18497 0 0
TRANSACTION SYSTEMS ACRHITECT COM 893416107 573 33450 SH SOLE 33450 0 0
TRANSKARYOTIC THERAPIES INC COM 893735100 260 7080 SH SOLE 7080 0 0
TRANSMONTAIGNE OIL CORP COM 893934109 82 13457 SH SOLE 13457 0 0
TRANSOCEAN SEDCO FOREX INC COM G90078109 1839 34409 SH SOLE 34409 0 0
TRANSWITCH CORP. COM 894065101 2165 28052 SH SOLE 28052 0 0
TRIAD HOSPITALS COM 89579K109 288 11926 SH SOLE 11926 0 0
TRIANGLE PHARMACEUTICAL COM 89589H104 105 11637 SH SOLE 11637 0 0
TRIBUNE COMPANY NEW COM 896047107 1271 36326 SH SOLE 36326 0 0
TRICON GLOBAL RESTAURANTS COM 895953107 404 14296 SH SOLE 14296 0 0
TRIGON HEALTHCARE INC COM 89618L100 1824 35367 SH SOLE 35367 0 0
TRIMBLE NAVIGATION LTD COM 896239100 684 14012 SH SOLE 14012 0 0
TRIMERIS INC COM 896263100 322 4600 SH SOLE 4600 0 0
TRINITY INDUSTRIES INC COM 896522109 493 26670 SH SOLE 26670 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 2800 29258 SH SOLE 29258 0 0
TRUSTCO BANK CORP N.Y. COM 898349105 191 15319 SH SOLE 15319 0 0
TRUSTMARK CORP COM 898402102 221 12700 SH SOLE 12700 0 0
TUPPERWARE CORP. COM 899896104 653 29679 SH SOLE 29679 0 0
TUT SYSTEMS COM 901103101 317 5528 SH SOLE 5528 0 0
TWINLAB CORP COM 901774109 88 13750 SH SOLE 13750 0 0
TXI CAPITAL TRUST I SPECIAL PU PFD CV 873119200 1762 59531 SH SOLE 59531 0 0
TXU CORPORATION COM 873168108 1219 41310 SH SOLE 41310 0 0
TYCO INTERNATIONAL LTD COM 902124106 10647 224734 SH SOLE 224734 0 0
TYLER TECHNOLOGIES COM 902252105 58 22585 SH SOLE 22585 0 0
TYSON FOODS INC CLASS A DEL COM 902494103 916 104732 SH SOLE 104732 0 0
U S INDUSTRIES INC NEW COM 912080108 251 20700 SH SOLE 20700 0 0
U S T INC FORMERLY COM 902911106 323 22022 SH SOLE 22022 0 0
U.S WEST INC COM 91273H101 6061 70682 SH SOLE 70682 0 0
U.S. BANCORP (NEW) COM 902973106 2260 117417 SH SOLE 117417 0 0
U.S. OFFICE PRODUCTS CO COM 912325305 6 15455 SH SOLE 15455 0 0
UCAR INTERNATIONAL COM 90262K109 461 35302 SH SOLE 35302 0 0
UICI COM 902737105 86 13136 SH SOLE 13136 0 0
ULTRAMAN DIAMOND SHAMRORK COR COM 904000106 1276 51422 SH SOLE 51422 0 0
UNICAPITAL CORP COM 90459D108 18 35701 SH SOLE 35701 0 0
UNICOM CORP COM 904911104 1090 28175 SH SOLE 28175 0 0
UNIFI INC COM 904677101 604 48801 SH SOLE 48801 0 0
UNILEVER NV (NEW) COM 904784709 3076 71545 SH SOLE 71545 0 0
UNION CARBIDE CORPORATION COM 905581104 1093 22073 SH SOLE 22073 0 0
UNION PACIFIC CORP COM 907818108 1382 37166 SH SOLE 37166 0 0
UNION PACIFIC RESOURCES COM 907834105 1205 54779 SH SOLE 54779 0 0
UNISOURCE ENERGY COPR HLD COM 909205106 216 14381 SH SOLE 14381 0 0
UNISYS CORP COM 909214108 469 32217 SH SOLE 32217 0 0
UNITED ASSET MANAGEMENT CORP COM 909420101 522 22325 SH SOLE 22325 0 0
UNITED AUTO GROP INC COM 909440109 114 12457 SH SOLE 12457 0 0
UNITED BANKSHARES INC COM 909907107 307 16882 SH SOLE 16882 0 0
UNITED COMMUNITY FINANCIAL COM 909839102 120 18039 SH SOLE 18039 0 0
UNITED DOMINION REALTY TR INC COM 910197102 272 24721 SH SOLE 24721 0 0
UNITED RENTALS TRUST I PFD CV 91136H306 3334 117712 SH SOLE 117712 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 31 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNITED STATIONERS INC COM 913004107 232 7180 SH SOLE 7180 0 0
UNITED TECHNOLOGIES CORP COM 913017109 3575 60717 SH SOLE 60717 0 0
UNITED THERAPEUTICS CORP COM 91307C102 477 4400 SH SOLE 4400 0 0
UNITED WATER RESOURCES INC COM 913190104 327 9372 SH SOLE 9372 0 0
UNITEDGLOBALCOM 7.00% CONV PRF PFD CV 913247201 1754 28250 SH SOLE 28250 0 0
UNITEDGLOBALCOM INC 7.00% SER PFD CV 913247805 6695 146201 SH SOLE 146201 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1702 19851 SH SOLE 19851 0 0
UNITRIN INC COM 913275103 1088 37055 SH SOLE 37055 0 0
UNIVERSAL CORP VA COM 913456109 437 20683 SH SOLE 20683 0 0
UNIVERSAL FOODS CORPORATION COM 913538104 384 20750 SH SOLE 20750 0 0
UNIVISION COMMUNCIATIONS INC COM 914906102 7408 71579 SH SOLE 71579 0 0
UNOCAL CORPORATION COM 915289102 987 29787 SH SOLE 29787 0 0
UNUM CORP COM 91529Y106 893 44507 SH SOLE 44507 0 0
US AIRWAYS GROUP INC COM 911905107 325 8325 SH SOLE 8325 0 0
US PLASTIC LUMBER INC COM 902948108 45 10117 SH SOLE 10117 0 0
USA NEWORKS INC COM 902984103 386 17869 SH SOLE 17869 0 0
USEC INC COM 90333E108 286 61931 SH SOLE 61931 0 0
USG CORP NEW COM 903293405 808 26602 SH SOLE 26602 0 0
USINTERNETWORKIN INC SUB NOTES BOND CV 917311AH5 15112 10766000 PRN SOLE 0 0 0
USINTERNETWORKING INC BOND CV 917311AE2 351 250000 PRN SOLE 0 0 0
USONCOLOGY COM 90338W103 125 24932 SH SOLE 24932 0 0
USX MARATHON GROUP COM 902905827 1280 51063 SH SOLE 51063 0 0
UTI ENERGY CORP COM 903387108 436 10866 SH SOLE 10866 0 0
UTILICORP UNITED INC COM 918005109 1353 68094 SH SOLE 68094 0 0
V F CORPORATION COM 918204108 652 27370 SH SOLE 27370 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 1624 42598 SH SOLE 42598 0 0
VALERO ENERGY CORP COM 91913Y100 1206 37981 SH SOLE 37981 0 0
VALSPAR CORP COM 920355104 1340 39700 SH SOLE 39700 0 0
VALUEVISION INTL INC CL A COM 92047K107 383 15968 SH SOLE 15968 0 0
VARCO INTERNATIONAL INC COM 922122106 1413 60770 SH SOLE 60770 0 0
VARIAN INC COM 922206107 597 12952 SH SOLE 12952 0 0
VARIAN MEDICAL SYSTEMS INC COM 92220P105 209 5336 SH SOLE 5336 0 0
VARIAN SEMICONDUCTOR COPR COM 922207105 732 11646 SH SOLE 11646 0 0
VECTREN CORP COM 92240G101 923 53507 SH SOLE 53507 0 0
VEECO INSTRUMENTS INC COM 922417100 266 3636 SH SOLE 3636 0 0
VENATOR GROUP INC COM 922944103 308 30000 SH SOLE 30000 0 0
VENTAS INC COM 92276F100 103 32356 SH SOLE 32356 0 0
VERIO INC 6.75% CONV PFED REGD PFD CV 923433502 1100 18457 SH SOLE 18457 0 0
VERISIGN INC COM 92343E102 8825 50000 SH PUT SOLE 50000 0 0
VERISIGN INC COM 92343E102 6117 34655 SH SOLE 34655 0 0
VERITAS SOFTWARE CORP COM 923436109 8536 75528 SH SOLE 75528 0 0
VERITY INC. COM 92343C106 522 13740 SH SOLE 13740 0 0
VIACOM INC NON VOTING COM 925524308 14684 215352 SH SOLE 215352 0 0
VIAD CORP COM 92552R109 1561 57297 SH SOLE 57297 0 0
VIANT CORP COM 92553N107 332 11200 SH SOLE 11200 0 0
VIATEL FIN TST I SERIES 144A PFD CV 92553A204 2597 65625 SH SOLE 65625 0 0
VIATEL INC COM 925529208 253 8854 SH SOLE 8854 0 0
VICOR CORP COM 925815102 245 7048 SH SOLE 7048 0 0
VINTAGE PETROLEUM INC COM 927460105 375 16627 SH SOLE 16627 0 0
VIROPHARMA INC 144A PRVT PLCMT BOND CV 928241AA6 634 1600000 PRN SOLE 0 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 3708 97741 SH SOLE 97741 0 0
VISTEON CORP COM 92839U107 287 23666 SH SOLE 23666 0 0
VISUAL NETWORKS INC COM 928444108 293 10298 SH SOLE 10298 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 32 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VISX INC COM 92844S105 1674 59659 SH SOLE 59659 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 11499 156315 SH SOLE 156315 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 1839 25000 SH CALL SOLE 25000 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 6988 95000 SH PUT SOLE 95000 0 0
VLASIC INT'L INC COM 928559103 18 10919 SH SOLE 10919 0 0
VOICESTREAM WIRELESS CORP COM 928615103 3643 31325 SH SOLE 31325 0 0
VOICESTREAM WIRELESS CORP COM 928615103 3489 30000 SH PUT SOLE 30000 0 0
VULCAN MATERIALS COMPANY COM 929160109 239 5596 SH SOLE 5596 0 0
W W GRAINGER INC COM 384802104 488 15847 SH SOLE 15847 0 0
WABTEC COM 929740108 151 14521 SH SOLE 14521 0 0
WACHOVIA CORP COM 929771103 1353 24931 SH SOLE 24931 0 0
WADDELL & REED FINANCIAL COM 930059100 1815 55300 SH SOLE 55300 0 0
WAL-MART STORES INC COM 931142103 3169 55000 SH CALL SOLE 55000 0 0
WAL-MART STORES INC COM 931142103 35740 620219 SH SOLE 620219 0 0
WALGREEN COMPANY COM 931422109 4709 146295 SH SOLE 146295 0 0
WALLACE COMPUTER SERVICES INC COM 932270101 423 42854 SH SOLE 42854 0 0
WARNICO GROUP INC CL A COM 934390105 316 40765 SH SOLE 40765 0 0
WASHINGTON FEDERAL INC. COM 938824109 447 24506 SH SOLE 24506 0 0
WASHINGTON GAS LIGHT COMPANY COM 938837101 995 41359 SH SOLE 41359 0 0
WASHINGTON MUTUAL INC COM 939322103 1466 50767 SH SOLE 50767 0 0
WASHINGTON POST CO COM 939640108 2313 4838 SH SOLE 4838 0 0
WASTE MANAGEMENT INC COM 94106L109 1927 101430 SH SOLE 101430 0 0
WATERS CORP. COM 941848103 5601 44872 SH SOLE 44872 0 0
WATSON PHARMACEUTICALS INC COM 942683103 1081 20115 SH SOLE 20115 0 0
WAUSAU-MOSINEE PAPER CORP COM 943315101 358 41789 SH SOLE 41789 0 0
WAVE SYSTEMS CORP CL-A COM 943526103 234 14802 SH SOLE 14802 0 0
WEATHERFORD INTERNATIONAL COM 947074100 2823 70913 SH SOLE 70913 0 0
WEBLINK WIRELESS INC COM 94769A101 188 14188 SH SOLE 14188 0 0
WEBSTER FINL CORP WATERBURY COM 947890109 1022 46073 SH SOLE 46073 0 0
WELLMAN INC COM 949702104 476 29423 SH SOLE 29423 0 0
WELLPOINT HEALTH NETWORKS COM 94973H108 905 12500 SH SOLE 12500 0 0
WELLS FARGO COMPANY COM 949746101 9667 249465 SH SOLE 249465 0 0
WESCO INTERNATIONAL INC COM 95082P105 128 13338 SH SOLE 13338 0 0
WESLEY JESSEN VISION COM 951018100 388 10333 SH SOLE 10333 0 0
WESTAMERICA BANCORP COM 957090103 801 30675 SH SOLE 30675 0 0
WESTBANCO INC COM 950810101 221 9132 SH SOLE 9132 0 0
WESTELL TECHNOLOGIES INC. COM 957541105 167 11111 SH SOLE 11111 0 0
WESTERN DIGITAL CORPORATION COM 958102105 249 49818 SH SOLE 49818 0 0
WESTERN RES INC COM 959425109 217 14000 SH SOLE 14000 0 0
WESTPOINT STEVENS INC COM 961238102 242 21715 SH SOLE 21715 0 0
WESTVACO CORPORATION COM 961548104 948 38198 SH SOLE 38198 0 0
WESTWOOD ONE INC COM 961815107 2870 84092 SH SOLE 84092 0 0
WEYERHAEUSER COMPANY COM 962166104 843 19602 SH SOLE 19602 0 0
WHIRLPOOL CORPORATION COM 963320106 642 13768 SH SOLE 13768 0 0
WHITMAN CORP COM 96647R107 854 69013 SH SOLE 69013 0 0
WHITNEY HOLDING CORPORATION COM 966612103 220 6445 SH SOLE 6445 0 0
WHOLE FOODS MKT INC COM 966837106 349 8437 SH SOLE 8437 0 0
WILEY JOHN & SONS INC CLASS A COM 968223206 293 13000 SH SOLE 13000 0 0
WILLAMETTE INDUSTRIES COM 969133107 293 10765 SH SOLE 10765 0 0
WILLIAMS COMPANIES COM 969457100 1295 31071 SH SOLE 31071 0 0
WILLIAMS-SONOMA INC COM 969904101 1251 38564 SH SOLE 38564 0 0
WILMINGTON TRUST CORP COM 971807102 1236 28918 SH SOLE 28918 0 0
WINSTAR COMMUNICAT IONS INC PFD CV 975515859 932 950 SH SOLE 950 0 0
<PAGE>
<CAPTION>
Manager: BNP Paribas Arbitrage SNC (US Branch) Period End Date: June 30, 2000 Page 33 of 33
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------------------------------ ------------------ --------- --------- ------------------ ------- -------- ---------------------
Value Shrs or SH/ PUT/ Other
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None
------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WISCONSIN CENTRAL TRANSPORTAT COM 976592105 669 51434 SH SOLE 51434 0 0
WISCONSIN ENERGY CORP FORMERL COM 976657106 1913 96565 SH SOLE 96565 0 0
WIT SOUNDVIEW GROUP INC COM 977383108 164 15300 SH SOLE 15300 0 0
WOLVERINE WORLD WIDE COM 978097103 136 13809 SH SOLE 13809 0 0
WORLD ACCESS INC COM 98141A101 248 22443 SH SOLE 22443 0 0
WORLDCOM INC. COM 98157D106 28361 618224 SH SOLE 618224 0 0
WORTHINGTON INDUSTRIES INC COM 981811102 198 18812 SH SOLE 18812 0 0
WRIGLEY WM JR COMPANY COM 982526105 1410 17585 SH SOLE 17585 0 0
WYNDHAM INTERNATIONAL INC COM 983101106 130 51862 SH SOLE 51862 0 0
XEROX CORPORATION COM 984121103 2000 96408 SH SOLE 96408 0 0
XILINX INC COM 983919101 5430 65773 SH SOLE 65773 0 0
XIRCOM INC COM 983922105 505 10641 SH SOLE 10641 0 0
YAHOO INC. COM 984332106 24341 196500 SH CALL SOLE 196500 0 0
YAHOO INC. COM 984332106 19325 156000 SH PUT SOLE 156000 0 0
YAHOO INC. COM 984332106 37092 299428 SH SOLE 299428 0 0
YORK INTERNATIONAL CORP COM 986670107 1183 46858 SH SOLE 46858 0 0
YOUNG & RUBICAM INC COM 987425105 315 5503 SH SOLE 5503 0 0
ZALE CORP COM (NEW) COM 988858106 507 13900 SH SOLE 13900 0 0
ZEBRA TECHNOLOGY INC CL A COM 989207105 305 6892 SH SOLE 6892 0 0
ZIONS BANCORP FORMERLY ZIONS COM 989701107 2787 60740 SH SOLE 60740 0 0
ZIXIT CORP COM 98974P100 251 5457 SH SOLE 5457 0 0
ZORAN CORP COM 98975F101 277 4200 SH SOLE 4200 0 0
ZYGO CORPORATION COM 989855101 345 3800 SH SOLE 3800 0 0
</TABLE>
