UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
Form 13F COVER PAGE
Report for the Calender Year Ended or Quarter Ended: December 31, 1999
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. (formerly Ryback Management Corporation)
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: Executive Vice-President
Phone: 314-727-5305
Signature, Place and Date of Signing:
St. Louis, MO February 18, 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: 287
Form 13 F Information Table Value Total: 836,165
(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 12/31/99 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. DISCRETIONMANAGER VOTING AUTHORITY
NUMBER VALUE PRINC. AMT.PRINSOLE SOLE
(X1000)
<C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP COMMON STOCK 885535104 7,162,800 152,400 SH X 152,400
ABBOTT LABORATORIES COMMON STOCK 002824100 3,631,250 100,000 SH X 100,000
ADVANTAGE LEARNING SYSTEMS, INC. COMMON STOCK 00757K100 605,244 54,100 SH X 54,100
AES CORPORATION COMMON STOCK 00130H105 598,000 8,000 SH X 8,000
AETHER SYSTEMS COMMON STOCK 00808V105 358,125 5,000 SH X 5,000
AIRBORNE FREIGHT COMMON STOCK 009266107 2,849,000 129,500 SH X 129,500
ALBERTSON'S, INC. COMMON STOCK 013104104 3,225,000 100,000 SH X 100,000
ALLIANT TECHSYSTEM COMMON STOCK 018804104 2,804,063 45,000 SH X 45,000
ALZA CORP COMMON STOCK 022615108 1,558,125 45,000 SH X 45,000
AMAZON.COM INC COMMON STOCK 023135106 4,620,788 60,700 SH X 60,700
AMEREN CORPORATION COMMON STOCK 023608102 4,912,500 150,000 SH X 150,000
AMERICA ONLINE INC. COMMON STOCK 02364J104 4,903,438 65,000 SH X 65,000
AMERICAN POWER CONVERSIO COMMON STOCK 029066107 6,978,825 264,600 SH X 264,600
AMGEN INC COMMON STOCK 031162100 9,742,138 162,200 SH X 162,200
ANDREW CORPORATION COMMON STOCK 034425108 5,207,813 275,000 SH X 275,000
ANHEUSER-BUSCH COS COMMON STOCK 035229103 10,503,675 148,200 SH X 148,200
ANN TAYLORS COMMON STOCK 036115103 3,788,125 110,000 SH X 110,000
ANTEC CORP COMMON STOCK 03664P105 912,500 25,000 SH X 25,000
APPLE COMPUTER INC COMMON STOCK 037833100 8,739,063 85,000 SH X 85,000
ARMSTRONG WORLD INDS INC COMMON STOCK 042476101 2,937,000 88,000 SH X 88,000
AT & T COMMON STOCK 001957109 13,793,850 271,800 SH X 271,800
AT&T CORP.-LIBERTY MEDIA GROUP A COMMON STOCK 001957208 885,300 15,600 SH X 15,600
AUTODESK INC COMMON STOCK 052769106 1,687,500 50,000 SH X 50,000
AUTONATION INC COMMON STOCK 05329W10 2,129,350 230,200 SH X 230,200
AUTOZONE, INC. COMMON STOCK 053332102 4,523,750 140,000 SH X 140,000
AVID TECHNOLOGY INC COMMON STOCK 05367P100 2,012,931 154,100 SH X 154,100
AWARE INC. COMMON STOCK 05453N100 491,063 13,500 SH X 13,500
BALL CORP COMMON STOCK 058498106 3,492,563 88,700 SH X 88,700
BALLARD POWER SYSTEMS INC. COMMON STOCK 05858H104 1,237,431 43,900 SH X 43,900
BECTON DICKINSON & COMPAN COMMON STOCK 075887109 4,280,000 160,000 SH X 160,000
BELCO OIL & GAS CORP 6.5% CV PF CONVERTIBLE 077410207 3,745,238 246,600 SH X 246,600
BELL ATLANTIC COMMON STOCK 077853109 2,770,313 45,000 SH X 45,000
BELLSOUTH CORP COMMON STOCK 079860102 1,170,313 25,000 SH X 25,000
BERKLEY (WR) CORP COMMON STOCK 084423102 1,791,075 85,800 SH X 85,800
BEST BUY COMPANY INC COMMON STOCK 086516101 3,738,969 74,500 SH X 74,500
BEST SOFTWARE INC COMMON STOCK 086579109 1,003,000 34,000 SH X 34,000
BILLING CONCEPTS CORPORATIO COMMON STOCK 090063108 357,500 55,000 SH X 55,000
BIOCHEM PHARMA INC COMMON STOCK 09058T108 630,750 29,000 SH X 29,000
BJS WHOLESALE CLUB COMMON STOCK 05548J106 3,744,900 102,600 SH X 102,600
BMC SOFTWARE INC COMMON STOCK 055921100 6,498,919 81,300 SH X 81,300
BOB EVANS FARMS COMMON STOCK 096761101 845,975 54,800 SH X 54,800
BOEING COMMON STOCK 097023105 6,496,219 156,300 SH X 156,300
BORDERS GROUP INC COMMON STOCK 099709107 4,497,500 280,000 SH X 280,000
BOSTON BEER CO INC COMMON STOCK 100557107 264,500 36,800 SH X 36,800
BOSTON COMMUNICATIONS GROU COMMON STOCK 100582105 404,775 77,100 SH X 77,100
BRAUNS FASHIONS CORP COMMON STOCK 105658108 1,165,500 55,500 SH X 55,500
BRIGGS & STRATTON COMMON STOCK 109043109 3,973,613 74,100 SH X 74,100
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 4,493,125 70,000 SH X 70,000
BROWN-FORMAN CORP COMMON STOCK 115637209 1,717,500 30,000 SH X 30,000
BUFFETS, INC. COMMON STOCK 119882108 505,000 50,500 SH X 50,500
CADENCE DESIGN SYS INC COMMON STOCK 127387108 7,800,000 325,000 SH X 325,000
CAPSTEAD MORTGAGE $1.26 CONV PRD B CONVERTIBLE 14067E308 1,900,000 200,000 SH X 200,000
CARNIVAL CORP COMMON STOCK 143658102 3,801,094 79,500 SH X 79,500
CDW COMPUTER CENTERS INC COMMON STOCK 125129106 4,332,238 55,100 SH X 55,100
CELLSTAR CORPORATION COMMON STOCK 150925105 395,000 40,000 SH X 40,000
CENDANT CORPORATION COMMON STOCK 151313103 3,851,563 145,000 SH X 145,000
CENTRAL & SOUTH WEST COMMON STOCK 152357109 200,000 10,000 SH X 10,000
CENTURYTEL INC. COMMON STOCK 156700106 1,733,925 36,600 SH X 36,600
CHIQUITA BRANDS INTL 2.875 CV PF CONVERTIBLE 170032403 8,689,200 445,600 SH X 445,600
CICUIT CITY STORES, INC COMMON STOCK 172737108 1,577,188 35,000 SH X 35,000
CIGNA CORP COMMON STOCK 125509109 4,028,125 50,000 SH X 50,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 13,154,950 122,800 SH X 122,800
CITIGROUP INC COMMON STOCK 172967101 833,438 15,000 SH X 15,000
CMP GROUP INC COMMON STOCK 125887109 413,438 15,000 SH X 15,000
COM21 INC. COMMON STOCK 205937105 224,375 10,000 SH X 10,000
COMCAST SPEC CL A NON VOTING STOCK COMMON STOCK 200300200 7,584,375 150,000 SH X 150,000
COMERICA INC COMMON STOCK 200340107 3,501,563 75,000 SH X 75,000
COMPAQ COMPUTER CORP COMMON STOCK 204493100 9,986,063 369,000 SH X 369,000
COMPUTER SCIENCES COR COMMON STOCK 205363104 1,817,462 19,207 SH X 19,207
COMPUWARE CORP COMMON STOCK 205638109 3,352,500 90,000 SH X 90,000
CONSOLIDATED GRAPHIC INC COMMON STOCK 209341106 252,444 16,900 SH X 16,900
CONSOLIDATED STORES CORPORATION COMMON STOCK 210149100 4,163,250 256,200 SH X 256,200
COOPER INDUSTRIES COMMON STOCK 216669101 3,137,950 77,600 SH X 77,600
COPART INC COMMON STOCK 217204106 591,600 13,600 SH X 13,600
COPPER MOUNTAIN NETWORKS, INC COMMON STOCK 217510106 312,000 6,400 SH X 6,400
CORNING INC COMMON STOCK 219350105 3,352,375 26,000 SH X 26,000
COVAD COMMUNICATIONS GROU COMMON STOCK 222814204 2,354,969 42,100 SH X 42,100
COVANCE INC COMMON STOCK 222816100 623,881 57,700 SH X 57,700
CREATIVE TECHNOLOGY COMMON STOCK Y1775U107 6,081,250 350,000 SH X 350,000
CSG SYSTEMS INTL INC COMMON STOCK 126349109 7,273,200 182,400 SH X 182,400
CVS CORP COMMON STOCK 126650100 3,590,381 89,900 SH X 89,900
CYTYC CORPORATION COMMON STOCK 232946103 2,485,244 40,700 SH X 40,700
DANA CORP COMMON STOCK 235811106 2,993,750 100,000 SH X 100,000
DEAN FOODS CO COMMON STOCK 242361103 3,601,350 90,600 SH X 90,600
DELL COMPUTER CORP COMMON STOCK 247025109 6,925,800 135,800 SH X 135,800
DEVRY INC COMMON STOCK 251893103 1,024,375 55,000 SH X 55,000
DIEBOLD INC COMMON STOCK 253651103 4,215,900 179,400 SH X 179,400
DILLARDS INC-CL A COMMON STOCK 254067101 2,628,413 130,200 SH X 130,200
DOLLAR TREE STORES INC. COMMON STOCK 256747106 968,750 20,000 SH X 20,000
DONALDSON, LUFKIN & JENRETTE, INC COMMON STOCK 257661108 667,575 13,800 SH X 13,800
DU PONT (E I) DE NEMOUR COMMON STOCK 263534109 4,281,875 65,000 SH X 65,000
DURA PHARMACEUTICALS INC COMMON STOCK 26632S109 494,781 35,500 SH X 35,500
EARTHLINK NETWORK INC. COMMON STOCK 270322100 3,400,000 80,000 SH X 80,000
EASTMAN KODAK COMMON STOCK 277461109 4,306,250 65,000 SH X 65,000
EDISON INTERNATIONAL COMMON STOCK 281020107 523,750 20,000 SH X 20,000
EMC CORPORATION COMMON STOCK 268648102 5,495,275 50,300 SH X 50,300
EMERSON ELECTRIC CO COMMON STOCK 291011104 6,311,250 110,000 SH X 110,000
ENGELHARD CORP. COMMON STOCK 292845104 3,778,775 200,200 SH X 200,200
ENGINEERING ANIMATION INC. COMMON STOCK 292872108 87,500 10,000 SH X 10,000
ENRON CORP COMMON STOCK 293561106 1,242,500 28,000 SH X 28,000
EPICOR SOFTWARE CORP COMMON STOCK 29426L108 101,250 20,000 SH X 20,000
EQUIFAX INC. COMMON STOCK 294429105 2,709,688 115,000 SH X 115,000
EQUINOX COMMON STOCK 294436100 540,000 60,000 SH X 60,000
ESENJAY EXPLORATION COMMON STOCK 296426109 253,500 135,200 SH X 135,200
EXPRESS SCRIPTS INC COMMON STOCK 302182100 4,185,600 65,400 SH X 65,400
EXTREME NETWORKS INC COMMON STOCK 30226D106 835,000 10,000 SH X 10,000
EXXON CORP COMMON STOCK 30231G102 4,946,538 61,400 SH X 61,400
FAIR ISAAC & COMPANY COMMON STOCK 303250104 954,000 18,000 SH X 18,000
FANNIE MAE COMMON STOCK 313586109 7,586,156 121,500 SH X 121,500
FDX CORP COMMON STOCK 31428X106 507,625 12,400 SH X 12,400
FIRST TENNESSEE NATL COR COMMON STOCK 337162101 570,000 20,000 SH X 20,000
FLOWERS INDUSTRIES COMMON STOCK 343496105 1,992,188 125,000 SH X 125,000
FOAMEX INTL INC COMMON STOCK 344123104 237,738 28,600 SH X 28,600
FORT JAMES CORPORATIO COMMON STOCK 347471104 4,202,063 153,500 SH X 153,500
FPL GROUP, INC COMMON STOCK 302571104 2,483,125 58,000 SH X 58,000
GAP INC COMMON STOCK 364760108 1,380,000 30,000 SH X 30,000
GATEWAY INC COMMON STOCK 367626108 900,781 12,500 SH X 12,500
GENERAL ELECTRIC CO COMMON STOCK 369604103 6,190,000 40,000 SH X 40,000
GENERAL INSTRUMENT COMMON STOCK 370120107 11,900,000 140,000 SH X 140,000
GENERAL MOTORS CORP COMMON STOCK 370442105 3,997,813 55,000 SH X 55,000
GTE CORP COMMON STOCK 362320103 564,500 8,000 SH X 8,000
HARLEY DAVIDSON INC COMMON STOCK 412822108 4,804,688 75,000 SH X 75,000
HASBRO, INC. COMMON STOCK 418056107 4,382,469 229,900 SH X 229,900
HOST MARRIOT CORP COMMON STOCK 44107P104 3,765,300 456,400 SH X 456,400
HOUSEHOLD INTERNATIO COMMON STOCK 441815107 3,430,725 92,100 SH X 92,100
HUMANA INC. COMMON STOCK 444859102 1,637,500 200,000 SH X 200,000
INFORMIX CORP COMMON STOCK 456779107 4,082,044 356,900 SH X 356,900
INGERSOLL-RAND CO COMMON STOCK 456866102 5,621,881 102,100 SH X 102,100
INTEL CORPORATION COMMON STOCK 458140100 4,634,194 56,300 SH X 56,300
INTERPUBLIC GROUP COMMON STOCK 460690100 2,884,375 50,000 SH X 50,000
INTERVOICE-BRITE INC COMMON STOCK 461142101 697,500 30,000 SH X 30,000
INTL BUSINESS MACHINES COR COMMON STOCK 459200101 11,880,000 110,000 SH X 110,000
INTL GAME TECHNOLOGY COMMON STOCK 459902102 3,036,719 149,500 SH X 149,500
IPALCO ENTERPRISES INC COMMON STOCK 462613100 298,594 17,500 SH X 17,500
JOHNS MANVILLE CORP COMMON STOCK 478129109 1,864,800 133,200 SH X 133,200
KEANE INC COMMON STOCK 486665102 4,562,475 143,700 SH X 143,700
KELLSTROM INDS INC COMMON STOCK 488035106 272,838 29,900 SH X 29,900
KMART CORP COMMON STOCK 482584109 102,638 10,200 SH X 10,200
KROGER CO COMMON STOCK 501044101 3,661,750 194,000 SH X 194,000
KROLL-O'GARA COMPAN COMMON STOCK 501050108 247,500 15,000 SH X 15,000
K-SWISS, INC. COMMON STOCK 482686102 557,343 30,000 SH X 30,000
LASMO 10% PFD A COMMON STOCK 501730303 12,499,725 492,600 SH X 492,600
LEGATO SYSTEMS INC COMMON STOCK 524651106 7,156,500 104,000 SH X 104,000
LEHMAN BROTHERS HOLDINGS INC. COMMON STOCK 524908100 2,405,125 28,400 SH X 28,400
LG&E ENERGY CORP. COMMON STOCK 501917108 261,563 15,000 SH X 15,000
LIPOSOME COMPANY,INC COMMON STOCK 536310105 650,425 53,300 SH X 53,300
LIZ CLAIBORNE INC COMMON STOCK 539320101 4,326,875 115,000 SH X 115,000
LOCKHEED MARTIN CORP COMMON STOCK 539830109 4,375,000 200,000 SH X 200,000
LOWES COS COMMON STOCK 548661107 4,182,500 70,000 SH X 70,000
LSB IND 3.25 CV PF CONVERTIBLE 502160500 3,804,300 422,700 SH X 422,700
LUCENT TECHNOLOGIES COMMON STOCK 549463107 9,538,594 127,500 SH X 127,500
LYONDELL CHEMICAL COMPANY COMMON STOCK 552078107 3,408,075 267,300 SH X 267,300
MANPOWER INC COMMON STOCK 56418H100 4,515,000 120,000 SH X 120,000
MARK IV INDUSTRIE COMMON STOCK 570387100 1,768,750 100,000 SH X 100,000
MBNA CORP COMMON STOCK 55262L100 2,016,500 74,000 SH X 74,000
MCDONALD'S CORP COMMON STOCK 580135101 4,031,250 100,000 SH X 100,000
MCI WORLDCOM INC. COMMON STOCK 55268B106 1,742,944 32,847 SH X 32,847
MCLEODUSA INC- CL A COMMON STOCK 582266102 824,250 14,000 SH X 14,000
MEDTRONIC INC COMMON STOCK 585055106 1,093,125 30,000 SH X 30,000
MERCK & CO., INC. COMMON STOCK 589331107 6,706,250 100,000 SH X 100,000
METRICOM INC COMMON STOCK 591596101 13,070,777 166,242 SH X 166,242
MICRO WAREHOUSE, INC COMMON STOCK 59501B105 756,650 40,900 SH X 40,900
MICRON TECH COMMON STOCK 595112103 505,375 6,500 SH X 6,500
MICROSOFT CORP COMMON STOCK 594918104 18,236,350 156,200 SH X 156,200
MIDAMERICAN ENERGY COMMON STOCK 59562V107 505,313 15,000 SH X 15,000
MINDSPRING ENTERPRISE COMMON STOCK 602683104 1,980,473 75,000 SH X 75,000
MINNESOTA MINING & MFG CO. COMMON STOCK 604059105 4,893,750 50,000 SH X 50,000
MORGAN STANLEY DEAN WITTE COMMON STOCK 617446448 2,084,150 14,600 SH X 14,600
NATIONAL SERVICE INDUSTRIES, INC. COMMON STOCK 637657107 2,870,350 97,300 SH X 97,300
NATONAL DENTEX COR COMMON STOCK 63563H109 658,125 39,000 SH X 39,000
NAVIGANT CONSULTING INC COMMON STOCK 63935N107 271,875 25,000 SH X 25,000
NEORX CORP $2.4375 CV PF CONVERTIBLE 640520201 2,419,938 139,277 SH X 139,277
NET2PHONE INC COMMON STOCK 64108N106 413,437 9,000 SH X 9,000
NEW ERA OF NETWORKS INC COMMON STOCK 644312100 6,053,138 127,100 SH X 127,100
NEWBRIDGE NETWORKS CORPORATION COMMON STOCK 650901101 564,063 25,000 SH X 25,000
NEXTEL COMMUNICATION INC. COMMON STOCK 65332V103 1,340,625 13,000 SH X 13,000
NORTEL NETWORKS CORP COMMON STOCK 656569100 12,150,300 120,300 SH X 120,300
NORTHPOINT COMMUNICATIONS COMMON STOCK 666610100 720,000 30,000 SH X 30,000
NUEVO FINANCING 5.75% CONV PFD CONVERTIBLE 670511203 4,223,750 155,000 SH X 155,000
OLD REPUBLIC INTL COMMON STOCK 680223104 3,133,750 230,000 SH X 230,000
OMNICOM GROUP INC. COMMON STOCK 681919106 2,460,000 24,600 SH X 24,600
ON ASSIGNMENT INC COMMON STOCK 682159108 627,375 21,000 SH X 21,000
ORACLE CORPORATION COMMON STOCK 68389X105 6,740,559 60,150 SH X 60,150
PALL CORP COMMON STOCK 696429307 3,652,688 169,400 SH X 169,400
PAREXEL INT'L CORP COMMON STOCK 699462107 531,563 45,000 SH X 45,000
PATTERSON DENTAL COMPAN COMMON STOCK 703412106 852,500 20,000 SH X 20,000
PEDIATRIX MEDICAL G COMMON STOCK 705324101 210,000 30,000 SH X 30,000
PEP BOYS-MANNY MOE & JACK COMMON STOCK 713278109 91,250 10,000 SH X 10,000
PETSMART COMMON STOCK 716768106 115,000 20,000 SH X 20,000
PFIZER INC. COMMON STOCK 717081103 324,375 10,000 SH X 10,000
PHARMACIA & UPJOHN COMMON STOCK 716941109 976,500 21,700 SH X 21,700
PINNACLE WEST CORP COMMON STOCK 723484101 2,389,988 78,200 SH X 78,200
PIONEER STD ELECTRON COMMON STOCK 723877106 236,775 16,400 SH X 16,400
PITNEY BOWES, INC. COMMON STOCK 724479100 2,995,375 62,000 SH X 62,000
POLYCOM INC COMMON STOCK 73172K104 636,875 10,000 SH X 10,000
POTOMAC ELECTRIC POWER COMMON STOCK 737679100 275,250 12,000 SH X 12,000
PROCTOR & GAMBLE CO COMMON STOCK 742718109 5,478,125 50,000 SH X 50,000
PROGRESS SOFTWARE COMMON STOCK 743312100 1,135,000 20,000 SH X 20,000
PROXIM INC COMMON STOCK 744284100 1,562,000 14,200 SH X 14,200
PSINET INC COMMON STOCK 74437C101 308,750 5,000 SH X 5,000
PSS WORLD MEDICAL INCORPORATED COMMON STOCK 69366A100 553,038 58,600 SH X 58,600
QUALCOMM INC COMMON STOCK 747525103 1,761,250 10,000 SH X 10,000
QUANTUM CORPORATION 7% C CONVERTIBLE 747906AC9 3,040,000 4,000,000 PRN X 4,000,000
QUICKSILVER COMMON STOCK 74838C106 387,500 25,000 SH X 25,000
QWEST COMMUNICATIONS INC COMMON STOCK 749121109 9,154,700 212,900 SH X 212,900
RATIONAL SOFTWARE CORPORATION COMMON STOCK 75409P202 4,087,200 83,200 SH X 83,200
RAYTHEON CO CLASS- COMMON STOCK 755111408 1,992,188 75,000 SH X 75,000
RCN CORPORATION COMMON STOCK 749361101 679,000 14,000 SH X 14,000
RF MICRO DEVICES INC COMMON STOCK 749941100 1,396,125 20,400 SH X 20,400
ROGERS COMMUNICATION CLASS COMMON STOCK 775109200 420,750 17,000 SH X 17,000
SAKS INCORPORATED COMMON STOCK 79377W108 2,412,188 155,000 SH X 155,000
SBC COMMUNICATIONS COMMON STOCK 78387G103 487,500 10,000 SH X 10,000
SCHERING-PLOUGH CORP COMMON STOCK 806605101 6,328,125 150,000 SH X 150,000
SCIENTIFIC-ATLANTA INC COMMON STOCK 808655104 4,728,125 85,000 SH X 85,000
SHARED MEDICAL SYSTEMS COR COMMON STOCK 819486101 1,273,438 25,000 SH X 25,000
SHERWIN-WILLIAMS CO COMMON STOCK 824348106 3,675,000 175,000 SH X 175,000
SINCLAIR BROADCAST GROUP COMMON STOCK 829226109 213,554 17,500 SH X 17,500
SIZELER PROP INV. 8% CV DUE 7/15/0 CONVERTIBLE 830137AA3 4,446,750 4,900,000 PRN X 4,900,000
SKYWEST INC COMMON STOCK 830879102 588,000 21,000 SH X 21,000
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 3,797,500 155,000 SH X 155,000
SPX CORP COMMON STOCK 784635104 808,125 10,000 SH X 10,000
STARBUCKS CORP COMMON STOCK 855244109 606,250 25,000 SH X 25,000
STURM RUGER & CO INC COMMON STOCK 864159108 437,538 49,300 SH X 49,300
SUPERIOR CONSULTANT HOLDINGS COMMON STOCK 868146101 285,000 20,000 SH X 20,000
SWIFT TRANSPORTATION CO INC. COMMON STOCK 870756103 705,000 40,000 SH X 40,000
TANGER GACTORY OUTLET CENTER COMMON STOCK 875465106 460,650 22,200 SH X 22,200
TCBY ENTERPRISES INC COMMON STOCK 872245105 243,238 63,800 SH X 63,800
TECO ENERGY, INC. COMMON STOCK 872375100 556,875 30,000 SH X 30,000
TECUBSEH PRODUCTS - B COMMON STOCK 878895101 275,550 6,600 SH X 6,600
TELETECH HOLDINGS COMMON STOCK 879939106 690,914 20,500 SH X 20,500
TELLABS, INC. COMMON STOCK 879664100 1,765,156 27,500 SH X 27,500
TENET HEALTHCARE CORPORATION COMMON STOCK 88033G100 2,350,000 100,000 SH X 100,000
TENNECO INC COMMON STOCK 880349105 605,313 65,000 SH X 65,000
TEXAS UTILITIES CO COMMON STOCK 882848104 355,625 10,000 SH X 10,000
THE WALT DISNEY CO COMMON STOCK 254687106 4,387,500 150,000 SH X 150,000
TOMMY HILFIGER COMMON STOCK G8915Z102 3,002,650 128,800 SH X 128,800
TORCHMARK CORP COMMON STOCK 891027104 3,923,438 135,000 SH X 135,000
TOTAL RENAL CARE HOLDING COMMON STOCK 893416107 1,613,694 241,300 SH X 241,300
TOYS 'R' US INC. COMMON STOCK 892335100 2,862,500 200,000 SH X 200,000
TRANSACTION SYSTEMS ARCHI-A COMMON STOCK 893416107 3,556,000 127,000 SH X 127,000
TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 404,250 12,000 SH X 12,000
TRANSTECHNOLOGY CORP COMMON STOCK 893889105 2,046,009 184,950 SH X 184,950
TRAVELERS PROPERTY CASUALTY - CL COMMON STOCK 893939108 3,520,900 102,800 SH X 102,800
TRIBUNE CO COMMON STOCK 896047107 5,781,563 105,000 SH X 105,000
TYCO INT'L LTD. COMMON STOCK 902124106 4,665,000 120,000 SH X 120,000
UAL CORP COMMON STOCK 902549500 6,313,588 81,400 SH X 81,400
UNISOURCE ENERGY CORP. HLD CO. COMMON STOCK 909205106 2,237,500 200,000 SH X 200,000
UNITED STATIONERS COMMON STOCK 913004107 882,581 30,900 SH X 30,900
US FOODSERVICE COMMON STOCK 90331R101 3,294,725 196,700 SH X 196,700
USG CORPORATION COMMON STOCK 903293405 3,628,625 77,000 SH X 77,000
USX-MARATHON GROUP COMMON STOCK 902905827 2,468,750 100,000 SH X 100,000
VERITY INC COMMON STOCK 92343C106 323,475 7,600 SH X 7,600
VF CORP COMMON STOCK 918204108 3,300,000 110,000 SH X 110,000
VITESSE SEMICONDUCT COMMON STOCK 928497106 1,284,719 24,500 SH X 24,500
VULCAN MATERIALS CO COMMON STOCK 929160109 3,893,906 97,500 SH X 97,500
WALGREEN COMPANY COMMON STOCK 931422109 1,269,450 43,400 SH X 43,400
WAL-MART STORES INC. COMMON STOCK 931142103 6,566,875 95,000 SH X 95,000
WD-40 CO COMMON STOCK 929236107 480,113 21,700 SH X 21,700
WELLS FARGO COMPANY COMMON STOCK 949746101 8,087,500 200,000 SH X 200,000
WENDY'S INTL INC COMMON STOCK 950590109 3,623,813 175,700 SH X 175,700
WESTELL TECHNOLOGIES COMMON STOCK 957541105 752,500 70,000 SH X 70,000
WESTERN GAS RES 2.6250 CV PFD CONVERTIBLE 958259301 17,521,250 655,000 SH X 655,000
WESTERN RESOURCES, INC COMMON STOCK 959425109 2,261,000 133,000 SH X 133,000
WESTERN WIRELESS COMMON STOCK 95988E204 1,001,250 15,000 SH X 15,000
WHIRLPOOL CORP COMMON STOCK 963320106 6,180,938 95,000 SH X 95,000
WHITMAN CORP COMMON STOCK 96647R107 1,276,563 95,000 SH X 95,000
WILEY & SONS--CL A COMMON STOCK 968223206 502,500 30,000 SH X 30,000
WINDMERE CORP COMMON STOCK 973411101 3,202,800 188,400 SH X 188,400
WINN-DIXIE STORES IN COMMON STOCK 974280109 569,713 23,800 SH X 23,800
WINSTAR COMM. COMMON STOCK 975515107 1,279,250 17,000 SH X 17,000
WISCONSIN ENERGY COMMON STOCK 976657106 385,000 20,000 SH X 20,000
WORLD ACCESS, INC COMMON STOCK 98141A101 4,138,750 215,000 SH X 215,000
WORTHINGTON INDUST. COMMON STOCK 981811102 4,586,156 276,900 SH X 276,900
XEROX COMMON STOCK 984121103 4,197,188 185,000 SH X 185,000
XILINX INC COMMON STOCK 983919101 2,373,471 52,200 SH X 52,200
XIRCOM, INC. COMMON STOCK 983922105 1,687,500 22,500 SH X 22,500
YAHOO INC COMMON STOCK 984332106 1,081,719 2,500 SH X 2,500
YORK INTERNATIONAL COR COMMON STOCK 986670107 1,923,369 70,100 SH X 70,100
836,165,233
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