UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
Form 13F COVER PAGE
Report for the Calender Year Ended or Quarter Ended: March 31, 2000
Check here is Amendment [ ] Amendment Number:
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this report:
Lindner Asset Management, Inc.
7711 Carondelet Avenue Suite 700
St. Louis, MO 63105
Form 13F File Number: 28-6220
The institutional investment manger 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: John Elder
Title: Vice-President of Administration
Phone: 314-727-5305
Signature, Place and Date of Signing:
St. Louis, MO April 28, 2000
[Signature] [City, State] [Date]
Report Type: (Check only one):
[ xx ] 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 only if a portion of the holdings
for this reporting manager are reported this report and a portion
are reported by other reporting manager (s).)
List of Other Managers Reporting for this Manager:
NONE
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: none
Form 13F Information Table Entry Total: 251
Form 13 F Information Table Value Total: 742,575
(Thousands)
List of Other included Managers:
Provide a numbered list of the name (s) and Form 13F file number (s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report
NONE
FORM 13F TABLE AS OF 3/31/00 FILE #28-6220
LINDNER ASSET MANAGEMENT, INC.
<TABLE> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET SHARES OR SH/ INVEST. DISCRETIMANAGER VOTING AUTHORITY
NUMBER VALUE PRINC. AMT. PRINSOLE SOLE
(X1000)
<C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP COMMON STOCK 885535104 6,953,125 125,000 SH X 125,000
ABBOTT LABORATORIES COMMON STOCK 002824100 3,518,750 100,000 SH X 100,000
ADELPHIA COMMUNICATION CL A COMMON STOCK 006848105 583,100 11,900 SH X 11,900
ADVANCED MICRO DEVICES COMMON STOCK 007903107 285,313 5,000 SH X 5,000
ADVANTAGE LEARNING SYSTEMS, INC COMMON STOCK 00757K100 831,250 50,000 SH X 50,000
AES CORPORATION COMMON STOCK 00130H105 630,000 8,000 SH X 8,000
AIRBORNE FREIGHT COMMON STOCK 009266107 3,000,000 125,000 SH X 125,000
AKAMAI TECHNOLOGIES COMMON STOCK 00971T101 884,469 5,500 SH X 5,500
ALCOA INC COMMON STOCK 013817101 1,405,000 20,000 SH X 20,000
ALZA CORP COMMON STOCK 022615108 1,690,313 45,000 SH X 45,000
AMAZON.COM INC COMMON STOCK 023135106 670,000 10,000 SH X 10,000
AMEREN CORPORATION COMMON STOCK 023608102 4,640,625 150,000 SH X 150,000
AMERICA ONLINE INC. COMMON STOCK 02364J104 6,072,675 90,300 SH X 90,300
AMERICAN INTERNATIONAL GROUP COMMON STOCK 026874107 547,500 5,000 SH X 5,000
AMGEN INC COMMON STOCK 031162100 7,058,125 115,000 SH X 115,000
ANHEUSER-BUSCH COS COMMON STOCK 035229103 6,032,025 96,900 SH X 96,900
ANN TAYLORS COMMON STOCK 036115103 3,054,400 132,800 SH X 132,800
ANTEC CORP COMMON STOCK 03664P105 1,205,456 26,900 SH X 26,900
APPLE COMPUTER INC COMMON STOCK 037833100 5,527,569 40,700 SH X 40,700
ARMSTRONG WORLD INDS INC COMMON STOCK 042476101 1,698,125 95,000 SH X 95,000
AT & T COMMON STOCK 001957109 15,468,750 275,000 SH X 275,000
AT HOME CORPORATION SERIES A COMMON STOCK 045919107 658,750 20,000 SH X 20,000
AT&T CORP.-LIBERTY MEDIA GROUP A COMMON STOCK 001957208 888,750 15,000 SH X 15,000
ATLANTIC RICHFIELD COMMON STOCK 048825103 1,275,000 15,000 SH X 15,000
AUTODESK INC COMMON STOCK 052769106 2,275,000 50,000 SH X 50,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 241,250 5,000 SH X 5,000
AWARE INC. COMMON STOCK 05453N100 722,250 18,000 SH X 18,000
BALL CORP COMMON STOCK 058498106 988,488 28,600 SH X 28,600
BALLARD POWER SYSTEMS INC COMMON STOCK 05858H104 3,380,000 40,000 SH X 40,000
BAUSCH & LOMB INC COMMON STOCK 071707103 3,480,906 66,700 SH X 66,700
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 1,347,781 21,500 SH X 21,500
BECTON DICKINSON & COMPANY COMMON STOCK 075887109 4,210,000 160,000 SH X 160,000
BELCO OIL & GAS CORP 6.5% CV PFD CONVERTIBLE 077410207 3,822,300 246,600PRN X 246,600
BELL ATLANTIC COMMON STOCK 077853109 2,750,625 45,000 SH X 45,000
BELLSOUTH CORP COMMON STOCK 079860102 1,175,000 25,000 SH X 25,000
BEST BUY COMPANY INC COMMON STOCK 086516101 5,418,000 63,000 SH X 63,000
BJS WHOLESALE CLUB COMMON STOCK 05548J106 3,962,925 102,600 SH X 102,600
BLUESTONE SOFTWARE COMMON STOCK 09623P102 826,875 24,500 SH X 24,500
BMC SOFTWARE INC COMMON STOCK 055921100 8,146,875 165,000 SH X 165,000
BOEING COMMON STOCK 097023105 5,929,631 156,300 SH X 156,300
BORDERS GROUP INC COMMON STOCK 099709107 4,812,500 280,000 SH X 280,000
BOSTON COMMUNICATIONS GROUP COMMON STOCK 100582105 558,975 77,100 SH X 77,100
BRAUNS FASHIONS CORP COMMON STOCK 105658108 1,212,000 48,000 SH X 48,000
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 4,140,675 71,700 SH X 71,700
CABLETRON SYSTEMS COMMON STOCK 126920107 2,198,438 75,000 SH X 75,000
CADENCE DESIGN SYSTEMS INC COMMON STOCK 127387108 4,150,000 200,000 SH X 200,000
CAPSTEAD MORTGAGE $1.26 CONV PFD BCONVERTIBLE 14067E308 1,887,500 200,000PRN X 200,000
CDW COMPUTER CENTERS INC COMMON STOCK 125129106 4,652,506 55,100 SH X 55,100
CELLSTAR CORPORATION COMMON STOCK 150925105 320,000 40,000 SH X 40,000
CENTEX CORPORATION COMMON STOCK 152312104 2,381,250 100,000 SH X 100,000
CENTRAL & SOUTH WEST COMMON STOCK 152357109 170,625 10,000 SH X 10,000
CENTURYTEL INC. COMMON STOCK 156700106 1,358,775 36,600 SH X 36,600
CHIQUITA BRANDS INTL 2.875 CV PFD CONVERTIBLE 170032403 6,867,500 410,000PRN X 410,000
CICUIT CITY STORES, INC COMMON STOCK 172737108 2,130,625 35,000 SH X 35,000
CIGNA CORP COMMON STOCK 125509109 8,574,900 113,200 SH X 113,200
CISCO SYSTEMS INC COMMON STOCK 17275R102 19,374,513 250,600 SH X 250,600
CITIGROUP INC COMMON STOCK 172967101 889,688 15,000 SH X 15,000
CLOROX COMPANY COMMON STOCK 189054109 975,000 30,000 SH X 30,000
CMGI INC COMMON STOCK 125750109 759,194 6,700 SH X 6,700
CMP GROUP INC COMMON STOCK 125887109 436,875 15,000 SH X 15,000
COM21 INC. COMMON STOCK 205937105 470,000 10,000 SH X 10,000
COMCAST SPEC CL A COMMON STOCK 200300200 6,579,988 151,700 SH X 151,700
COMERICA INC COMMON STOCK 200340107 3,232,750 77,200 SH X 77,200
COMPAQ COMPUTER CORP COMMON STOCK 204493100 9,025,875 339,000 SH X 339,000
COMPUWARE CORP COMMON STOCK 205638109 2,632,813 125,000 SH X 125,000
CONAGRA INC COMMON STOCK 205887102 1,517,063 83,700 SH X 83,700
CONEXANT SYSTEMS, INC COMMON STOCK 207142100 958,500 13,500 SH X 13,500
CONSOLIDATED EDISON INC COMMON STOCK 209115104 725,000 25,000 SH X 25,000
CONSOLIDATED STORES CORPORATION COMMON STOCK 210149100 2,843,750 250,000 SH X 250,000
COPART INC COMMON STOCK 217204106 350,000 20,000 SH X 20,000
COPPER MOUNTAIN NETWORKS, INC COMMON STOCK 217510106 614,531 7,500 SH X 7,500
CORNING INC COMMON STOCK 219350105 4,850,000 25,000 SH X 25,000
COVAD COMMUNICATIONS GROUP COMMON STOCK 222814204 1,051,250 14,500 SH X 14,500
COVANCE INC COMMON STOCK 222816100 620,275 57,700 SH X 57,700
CSG SYSTEMS INTL INC COMMON STOCK 126349109 3,660,938 75,000 SH X 75,000
CYMER INC. COMMON STOCK 232572107 1,250,000 25,000 SH X 25,000
CYTYC CORPORATION COMMON STOCK 232946103 3,869,650 80,200 SH X 80,200
DELL COMPUTER CORP COMMON STOCK 247025109 8,144,563 151,000 SH X 151,000
DEVRY INC COMMON STOCK 251893103 1,525,000 50,000 SH X 50,000
DIEBOLD INC COMMON STOCK 253651103 4,906,000 178,400 SH X 178,400
DIVERSINET CORPORATION COMMON STOCK 25536K204 178,750 10,000 SH X 10,000
DOLLAR TREE STORES INC COMMON STOCK 256747106 1,042,500 20,000 SH X 20,000
DU PONT (E I) DE NEMOURS COMMON STOCK 263534109 3,526,763 66,700 SH X 66,700
DURA PHARMACEUTICALS INC COMMON STOCK 26632S109 492,500 40,000 SH X 40,000
EARTHLINK NETWORK INC COMMON STOCK 270321102 3,969,138 204,200 SH X 204,200
EASTMAN KODAK COMMON STOCK 277461109 3,530,313 65,000 SH X 65,000
EDISON INTERNATIONAL COMMON STOCK 281020107 400,813 24,200 SH X 24,200
ELECTRO SCIENTIFIC INDUSTRIES, INCCOMMON STOCK 285229100 1,450,000 25,000 SH X 25,000
EMC CORPORATION COMMON STOCK 268648102 6,300,000 50,400 SH X 50,400
EMERSON ELECTRIC CO COMMON STOCK 291011104 5,890,275 111,400 SH X 111,400
EMULEX CORP COMMON STOCK 292475209 1,407,713 12,900 SH X 12,900
ENRON CORP COMMON STOCK 293561106 2,096,500 28,000 SH X 28,000
EPICOR SOFTWARE CORP COMMON STOCK 29426L108 170,000 20,000 SH X 20,000
EQUINOX COMMON STOCK 294436100 453,750 60,000 SH X 60,000
EQUITABLE RESOURCES COMMON STOCK 294549100 2,988,994 66,700 SH X 66,700
ESENJAY EXPLORATION COMMON STOCK 296426109 270,400 135,200 SH X 135,200
EXPRESS SCRIPTS INC COMMON STOCK 302182100 2,746,800 65,400 SH X 65,400
EXTREME NETWORKS INC COMMON STOCK 30226D106 632,000 8,000 SH X 8,000
EXXON CORP COMMON STOCK 30231G102 5,345,719 68,700 SH X 68,700
FAIR ISAAC & COMPANY COMMON STOCK 303250104 699,750 18,000 SH X 18,000
FDX CORP COMMON STOCK 31428X106 2,043,600 52,400 SH X 52,400
FORRESTER RESEARCH, INC COMMON STOCK 346563109 271,250 5,000 SH X 5,000
FORT JAMES CORPORATION COMMON STOCK 347471104 3,300,000 150,000 SH X 150,000
FOUNDRY NETWORKS INC COMMON STOCK 35063R100 1,035,000 7,200 SH X 7,200
FPL GROUP, INC COMMON STOCK 302571104 2,671,625 58,000 SH X 58,000
GAP INC COMMON STOCK 364760108 1,494,375 30,000 SH X 30,000
GENERAL ELECTRIC CO COMMON STOCK 369604103 13,190,938 85,000 SH X 85,000
GENERAL MOTORS CORP COMMON STOCK 370442105 4,645,781 56,100 SH X 56,100
GTE CORP COMMON STOCK 362320103 568,000 8,000 SH X 8,000
HANGER ORTHOPEDIC GROUP COMMON STOCK 41043F208 79,688 15,000 SH X 15,000
HARLEY DAVIDSON INC COMMON STOCK 412822108 5,953,125 75,000 SH X 75,000
HASBRO, INC. COMMON STOCK 418056107 3,793,350 229,900 SH X 229,900
HEWLETT-PACKARD CO COMMON STOCK 428236103 331,406 2,500 SH X 2,500
HOME DEPOT, INC. COMMON STOCK 437076102 3,315,300 51,400 SH X 51,400
HOST MARRIOT CORP COMMON STOCK 44107P104 3,956,475 445,800 SH X 445,800
IDT CORP COMMON STOCK 448947101 311,250 7,500 SH X 7,500
IMATION CORP COMMON STOCK 45245A107 3,410,663 127,800 SH X 127,800
INFORMIX CORP COMMON STOCK 456779107 4,234,375 250,000 SH X 250,000
INTEL CORPORATION COMMON STOCK 458140100 8,945,363 67,800 SH X 67,800
INTERPUBLIC GROUP COMMON STOCK 460690100 2,362,500 50,000 SH X 50,000
INTERVOICE-BRITE INC COMMON STOCK 461142101 866,250 30,000 SH X 30,000
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 13,983,000 118,500 SH X 118,500
INTL GAME TECHNOLOGY COMMON STOCK 459902102 1,793,036 82,676 SH X 82,676
IPALCO ENTERPRISES INC COMMON STOCK 462613100 341,250 17,500 SH X 17,500
ITT INDUSTRIES INC COMMON STOCK 450911102 310,625 10,000 SH X 10,000
JOHNSON & JOHNSON COMMON STOCK 478160104 4,294,831 61,300 SH X 61,300
KEANE INC COMMON STOCK 486665102 3,628,425 143,700 SH X 143,700
KIMBERLY-CLARK CORP COMMON STOCK 494368103 4,760,000 85,000 SH X 85,000
KNIGHT/TRIMARK GROUP INC COMMON STOCK 499068104 2,677,500 52,500 SH X 52,500
KROGER CO COMMON STOCK 501044101 3,407,125 194,000 SH X 194,000
K-SWISS, INC. COMMON STOCK 482686102 444,375 30,000 SH X 30,000
LAM RESEARCH CORP COMMON STOCK 512807108 3,605,000 80,000 SH X 80,000
LEGATO SYSTEMS INC COMMON STOCK 524651106 4,462,500 100,000 SH X 100,000
LEHMAN BROTHERS HOLDINGS INC COMMON STOCK 524908100 2,754,800 28,400 SH X 28,400
LILLY (ELI) & CO COMMON STOCK 532457108 1,417,500 22,500 SH X 22,500
LOCKHEED MARTIN CORP COMMON STOCK 539830109 4,087,500 200,000 SH X 200,000
LOWES COS COMMON STOCK 548661107 4,086,250 70,000 SH X 70,000
LSB IND 3.25 CV PFD CONVERTIBLE 502160500 3,381,600 422,700PRN X 422,700
LUCENT TECHNOLOGIES COMMON STOCK 549463107 9,264,375 152,500 SH X 152,500
MACROMEDIA INC COMMON STOCK 556100105 3,928,594 43,500 SH X 43,500
MBNA CORP COMMON STOCK 55262L100 3,060,000 120,000 SH X 120,000
MCDONALD'S CORP COMMON STOCK 580135101 3,853,913 102,600 SH X 102,600
MCI WORLDCOM INC. COMMON STOCK 55268B106 1,406,817 31,047 SH X 31,047
MCLEODUSA INC- CL A COMMON STOCK 582266102 1,187,375 14,000 SH X 14,000
MEDTRONIC INC COMMON STOCK 585055106 1,543,125 30,000 SH X 30,000
MERCK & CO., INC. COMMON STOCK 589331107 6,989,063 112,500 SH X 112,500
MERIDITH CORP COMMON STOCK 589433101 2,491,875 90,000 SH X 90,000
METRICOM INC COMMON STOCK 591596101 7,625,998 164,442 SH X 164,442
MICRON TECH COMMON STOCK 595112103 1,285,200 10,200 SH X 10,200
MICROSOFT CORP COMMON STOCK 594918104 20,846,250 196,200 SH X 196,200
MINNESOTA MINING & MFG CO. COMMON STOCK 604059105 5,623,719 63,500 SH X 63,500
MORGAN STANLEY DEAN WITTER COMMON STOCK 617446448 2,381,625 29,200 SH X 29,200
MOTOROLA, INC. COMMON STOCK 620076109 7,118,750 50,000 SH X 50,000
NATIONAL COMM BANCORP COMMON STOCK 635449101 186,850 10,100 SH X 10,100
NAVIGANT CONSULTING INC COMMON STOCK 63935N107 275,000 25,000 SH X 25,000
NEORX CORP $2.4375 CV PFD CONVERTIBLE 640520201 3,690,841 139,277PRN X 139,277
NET2PHONE INC COMMON STOCK 64108N106 650,375 11,000 SH X 11,000
NETEGRITY, INC. COMMON STOCK 64110P107 342,500 5,000 SH X 5,000
NEW ERA OF NETWORKS INC COMMON STOCK 644312100 3,336,250 85,000 SH X 85,000
NEXTEL COMMUNICATION INC A COMMON STOCK 65332V103 1,408,375 9,500 SH X 9,500
NEXTLINK COMM INC - CL A COMMON STOCK 65333H707 1,416,222 11,450 SH X 11,450
NORTEL NETWORKS CORP COMMON STOCK 656569100 11,415,600 90,600 SH X 90,600
NORTHEAST UTILITIES COMMON STOCK 664397106 537,500 25,000 SH X 25,000
NORTHPOINT COMMUNICATIONS COMMON STOCK 666610100 461,250 20,000 SH X 20,000
NOVELLUS SYSTEMS INC COMMON STOCK 670008101 1,549,050 27,600 SH X 27,600
NUEVO FINANCING 5.75% CV PFD CONVERTIBLE 670511203 3,913,750 155,000PRN X 155,000
OLD REPUBLIC INTL COMMON STOCK 680223104 3,162,500 230,000 SH X 230,000
OMNICOM GROUP INC. COMMON STOCK 681919106 2,298,563 24,600 SH X 24,600
ON ASSIGNMENT INC COMMON STOCK 682159108 945,000 21,000 SH X 21,000
ORACLE CORPORATION COMMON STOCK 68389X105 7,025,625 90,000 SH X 90,000
PALL CORP COMMON STOCK 696429307 3,892,906 173,500 SH X 173,500
PATTERSON DENTAL COMPANY COMMON STOCK 703412106 765,000 20,000 SH X 20,000
PFIZER INC. COMMON STOCK 717081103 914,063 25,000 SH X 25,000
PHARMACIA & UPJOHN COMMON STOCK 716941109 396,975 6,700 SH X 6,700
PINNACLE WEST CORP COMMON STOCK 723484101 2,305,738 81,800 SH X 81,800
PIONEER STD ELECTRON COMMON STOCK 723877106 258,300 16,400 SH X 16,400
PITNEY BOWES, INC. COMMON STOCK 724479100 3,686,719 82,500 SH X 82,500
POLYCOM INC COMMON STOCK 73172K104 673,094 8,500 SH X 8,500
POTOMAC ELECTRIC POWER COMMON STOCK 737679100 271,500 12,000 SH X 12,000
PROCTOR & GAMBLE CO COMMON STOCK 742718109 6,817,500 121,200 SH X 121,200
PROGRESS SOFTWARE CORPORATION COMMON STOCK 743312100 937,500 40,000 SH X 40,000
PROXIM INC COMMON STOCK 744284100 981,438 8,200 SH X 8,200
PSINET INC COMMON STOCK 74437C101 544,250 16,000 SH X 16,000
QUALCOMM INC COMMON STOCK 747525103 7,540,281 50,500 SH X 50,500
QUANTUM CORP COMMON STOCK 747906204 238,750 20,000 SH X 20,000
QUICKSILVER COMMON STOCK 74838C106 439,063 25,000 SH X 25,000
QWEST COMMUNICATIONS INTL COMMON STOCK 749121109 7,900,650 162,900 SH X 162,900
RALSTON-RALSTON PURINA GROUP COMMON STOCK 751277302 3,060,525 111,800 SH X 111,800
RATIONAL SOFTWARE CORPORATION COMMON STOCK 75409P202 4,391,100 57,400 SH X 57,400
RAYONIER INC COMMON STOCK 754907103 2,193,750 45,000 SH X 45,000
RAYTHEON CO CLASS B COMMON STOCK 755111408 1,775,000 100,000 SH X 100,000
RCN CORPORATION COMMON STOCK 749361101 754,250 14,000 SH X 14,000
REDBACK NETWORKS INC COMMON STOCK 757209101 749,844 2,500 SH X 2,500
RF MICRO DEVICES INC COMMON STOCK 749941100 2,015,625 15,000 SH X 15,000
ROGERS COMMUNICATION CLASS B COMMON STOCK 775109200 506,813 17,000 SH X 17,000
SAKS INCORPORATED COMMON STOCK 79377W108 2,343,200 161,600 SH X 161,600
SANDISK CORP COMMON STOCK 80004C101 3,993,500 32,600 SH X 32,600
SANTA CRUZ OPERATION INC COMMON STOCK 801833104 168,750 18,000 SH X 18,000
SBC COMMUNICATIONS COMMON STOCK 78387G103 840,000 20,000 SH X 20,000
SCIENTIFIC-ATLANTA INC COMMON STOCK 808655104 9,198,438 145,000 SH X 145,000
SINCLAIR BROADCAST GROUP A COMMON STOCK 829226109 156,406 17,500 SH X 17,500
SIZELER PROP INV. 8% CV DUE 7/15/0CONVERTIBLE 830137AA3 4,348,750 4,900,000PRN X 4,900,000
SKYWEST INC COMMON STOCK 830879102 876,400 22,400 SH X 22,400
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 2,642,250 156,000 SH X 156,000
SPEEDUS.COM INC. COMMON STOCK 847723103 132,031 12,500 SH X 12,500
SPX CORP COMMON STOCK 784635104 6,585,588 57,800 SH X 57,800
SPYGLASS INC COMMON STOCK 852192103 465,281 6,000 SH X 6,000
STARBUCKS CORP COMMON STOCK 855244109 1,120,313 25,000 SH X 25,000
STARMEDIA NETWORK INC COMMON STOCK 855546107 255,531 8,500 SH X 8,500
SUN MICROSYSTEMS COMMON STOCK 866810104 271,739 2,900 SH X 2,900
SWIFT TRANSPORTATION CO INC COMMON STOCK 870756103 820,000 40,000 SH X 40,000
TECO ENERGY, INC. COMMON STOCK 872375100 583,125 30,000 SH X 30,000
TELETECH HOLDINGS COMMON STOCK 879939106 707,250 20,500 SH X 20,500
TELLABS, INC. COMMON STOCK 879664100 1,725,773 27,400 SH X 27,400
TENET HEALTHCARE CORPORATION COMMON STOCK 88033G100 2,398,900 104,300 SH X 104,300
TENNECO INC COMMON STOCK 880349105 515,938 65,000 SH X 65,000
TEXAS UTILITIES CO COMMON STOCK 882848104 296,875 10,000 SH X 10,000
THE WALT DISNEY CO COMMON STOCK 254687106 6,206,250 150,000 SH X 150,000
TIFFANY & CO. COMMON STOCK 886547108 1,764,488 21,100 SH X 21,100
TIME WARNER INC COMMON STOCK 887315109 1,100,000 11,000 SH X 11,000
TOMMY HILFIGER COMMON STOCK G8915Z102 1,848,750 127,500 SH X 127,500
TOYS 'R' US INC. COMMON STOCK 892335100 3,971,231 268,100 SH X 268,100
TRANSACTION SYSTEMS ARCHIT-A COMMON STOCK 893416107 3,667,125 127,000 SH X 127,000
TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 615,750 12,000 SH X 12,000
TYCO INT'L LTD. COMMON STOCK 902124106 6,483,750 130,000 SH X 130,000
U S WEST, INC. COMMON STOCK 91273H101 3,268,125 45,000 SH X 45,000
UAL CORP COMMON STOCK 902549500 4,891,788 81,700 SH X 81,700
UNISOURCE ENERGY CORP. HLD CO. COMMON STOCK 909205106 2,937,500 200,000 SH X 200,000
UNITED STATIONERS COMMON STOCK 913004107 945,719 26,500 SH X 26,500
UNOCAL CORP COMMON STOCK 915289102 1,190,000 40,000 SH X 40,000
UNUMPROVIDENT CORPORATION COMMON STOCK 91529Y106 2,550,000 150,000 SH X 150,000
URBAN OUTFITTERS INC COMMON STOCK 917047102 682,925 46,300 SH X 46,300
USG CORPORATION COMMON STOCK 903293405 3,241,769 77,300 SH X 77,300
USX-MARATHON GROUP COMMON STOCK 902905827 2,606,250 100,000 SH X 100,000
VERITY INC COMMON STOCK 92343C106 753,875 18,500 SH X 18,500
VITESSE SEMICONDUCT COMMON STOCK 928497106 3,898,125 40,500 SH X 40,500
VOICESTREAM WIRELESS CORP COMMON STOCK 928615103 3,516,037 27,296 SH X 27,296
VULCAN MATERIALS CO COMMON STOCK 929160109 4,448,394 97,100 SH X 97,100
WAL-MART STORES INC. COMMON STOCK 931142103 5,966,250 107,500 SH X 107,500
WENDY'S INTL INC COMMON STOCK 950590109 3,833,606 189,900 SH X 189,900
WESTELL TECHNOLOGIES COMMON STOCK 957541105 2,231,250 70,000 SH X 70,000
WESTERN GAS RESOURCES 2.6250 CV PFCONVERTIBLE 958259301 11,236,875 390,000PRN X 390,000
WESTERN WIRELESS COMMON STOCK 95988E204 769,650 16,800 SH X 16,800
WHITMAN CORP COMMON STOCK 96647R107 1,324,063 95,000 SH X 95,000
WINDMERE CORP COMMON STOCK 973411101 2,778,900 188,400 SH X 188,400
WINSTAR COMM. COMMON STOCK 975515107 1,530,000 25,500 SH X 25,500
WISCONSIN ENERGY COMMON STOCK 976657106 398,750 20,000 SH X 20,000
WORLD ACCESS, INC COMMON STOCK 98141A101 4,781,250 250,000 SH X 250,000
XEROX COMMON STOCK 984121103 4,810,000 185,000 SH X 185,000
XILINX INC COMMON STOCK 983919101 4,554,688 55,000 SH X 55,000
XIRCOM, INC. COMMON STOCK 983922105 810,300 21,900 SH X 21,900
YORK INTERNATIONAL CORP COMMON STOCK 986670107 1,538,075 65,800 SH X 65,800
742,574,862
</TABLE>
