----------------------------
OMB APPROVAL
----------------------------
OMB Number:
Expires:
Estimated average burden
hours per response.....
----------------------------
SEC USE ONLY
----------------------------
----------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED SEPTEMBER 30, 1999
- --------------------------------------------------------------------------------
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
- --------------------------------------------------------------------------------
IF AMENDED REPORT CHECK HERE: |_|
ALLSTATE LIFE INSURANCE COMPANY
- --------------------------------------------------------------------------------
NAME OF INSTITUTIONAL INVESTMENT MANAGER
3075 SANDERS ROAD SUITE G4A NORTHBROOK ILLINOIS 60062-7127
- --------------------------------------------------------------------------------
BUSINESS ADDRESS (STREET) (CITY) (STATE) (ZIP)
JOSEPH A. HAAS (847)402-7581 ASSISTANT VICE PRESIDENT, INVESTMENT OPERATIONS
- --------------------------------------------------------------------------------
NAME, PHONE NO., AND TITLE OF PERSON DULY AUTHORIZED TO SUBMIT THIS REPORT.
- ------------------------------------ATTENTION-----------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
- --------------------------------------------------------------------------------
THE INSTITUTIONAL INVESTMENT MANAGER SUBMITTING THIS FORM AND ITS
ATTACHMENTS AND THE PERSON BY WHOM IT IS SIGNED REPRESENT HEREBY THAT ALL
INFORMATION CONTAINED THEREIN IS TRUE, CORRECT AND COMPLETE. IT IS UNDERSTOOD
THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
PURSUANT TO THE REQUIREMENTS OF SECURITIES EXCHANGE ACT OF 1934, THE
UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS REPORT TO BE SIGNED
ON ITS BEHALF IN ON THE THE 8 DAY OF NOVEMBER, 1999.
ALLSTATE LIFE INSURANCE COMPANY
------------------------------------------
(NAME OF INSTITUTIONAL INVESTMENT MANAGER)
/S/ JOSEPH A. HAAS
------------------------------------------
(MANUAL SIGNATURE OF PERSON DULY
AUTHORIZED TO SUBMIT THIS REPORT)
NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT
TO WHICH THIS SCHEDULE IS FILED (OTHER THAN THE ONE FILING THIS REPORT): (LIST
IN ALPHABETICAL ORDER).
13F FILE NUMBERS WILL BE ASSIGNED TO INSTITUTIONAL INVESTMENT MANAGERS AFTER
THEY FILE THEIR FIRST REPORT.
NAME: 13F FILE NO.:
- -------------------------------------------------------------- ---------------
1. ALLSTATE INSURANCE COMPANY 28-35
- -------------------------------------------------------------- ---------------
The following companies have elected to file a separate 13F report:
<PAGE>
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOM COMMON STOCK 000886101 276,788 6,600 X 1 X
AFLAC CORP COMMON STOCK 001055102 339,188 8,100 X 1 X
AK STEEL HOLDING COMMON STOCK 001547108 215,350 11,800 X 1 X
AT & T COMMON STOCK 001957109 1,776,540 40,840 X 1 X
ABBOTT LABS COMMON STOCK 002824100 503,475 13,700 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 428,231 6,900 X 1 X
ALLEGHENY ENERGY COMMON STOCK 017361106 257,681 8,100 X 1 X
ALLIED-SIGNAL COMMON STOCK 019512102 605,369 10,100 X 1 X
ALLTEL COMMON STOCK 020039103 309,650 4,400 X 1 X
ALTERA COMMON STOCK 021441100 333,988 7,700 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 1,903,200 18,300 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 700,050 5,200 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 738,700 17,800 X 1 X
AMERICAN INTL COMMON STOCK 026874107 2,098,324 24,136 X 1 X
AMERICAN STANDARD COMPANIES COMMON STOCK 029712106 303,163 7,900 X 1 X
AMERITECH NEW COMMON STOCK 030954101 1,209,375 18,000 X 1 X
AMGEN COMMON STOCK 031162100 774,250 9,500 X 1 X
AMSOUTH COMMON STOCK 032165102 241,406 10,300 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 399,801 7,801 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 341,888 5,400 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 209,756 2,700 X 1 X
ASSOCIATES FIRST CAPITAL CRP COMMON STOCK 046008108 767,088 21,308 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 283,600 3,200 X 1 X
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 263,288 5,900 X 1 X
BJ SERVICES COMMON STOCK 055482103 343,575 10,800 X 1 X
BMC SOFTWARE COMMON STOCK 055921100 365,112 5,102 X 1 X
BAKER HUGHES COMMON STOCK 057224107 2,056,100 70,900 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 1,339,396 24,052 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 478,156 14,300 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 641,038 18,414 X 1 X
BARRICK GOLD COMMON FOREIGN 067901108 578,550 26,600 X 1 X
BARRETT RES COMMON STOCK 068480201 469,106 12,700 X 1 X
BAXTER INTL COMMON STOCK 071813109 385,600 6,400 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 1,978,314 29,390 X 1 X
BELLSOUTH COMMON STOCK 079860102 1,147,500 25,500 X 1 X
BESTFOODS INC COMMON STOCK 08658U101 528,650 10,900 X 1 X
BIOGEN COMMON STOCK 090597105 520,163 6,600 X 1 X
BOEING COMMON STOCK 097023105 754,463 17,700 X 1 X
BORG-WARNER AUTOMOTIVE INC COMMON STOCK 099724106 619,200 14,400 X 1 X
BOWATER COMMON STOCK 102183100 204,750 3,900 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 3,402,000 50,400 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 638,250 13,800 X 1 X
CNF TRUST I 5% SERIES A REDEEMABLE P/S 12612V205 2,929,375 54,500 X 1 X
CATERPILLAR COMMON STOCK 149123101 334,356 6,100 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 881,888 11,700 X 1 X
CHEVRON COMMON STOCK 166751107 976,250 11,000 X 1 X
CINCINNATI BELL COMMON STOCK 171870108 229,363 11,800 X 1 X
CINERGY COMMON STOCK 172474108 339,750 12,000 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 3,702,375 54,000 X 1 X
CINTAS COMMON STOCK 172908105 208,125 3,600 X 1 X
CITIGROUP INC COMMON STOCK 172967101 2,795,100 63,525 X 1 X
CITIZENS UTILITIES 5.0% CONV REDEEMABLE P/S 177351202 5,048,381 101,475 X 1 X
COASTAL COMMON STOCK 190441105 630,438 15,400 X 1 X
COCA-COLA COMMON STOCK 191216100 1,619,706 33,700 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 224,175 4,900 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 252,131 11,900 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 390,775 9,800 X 1 X
COMERICA COMMON STOCK 200340107 232,875 4,600 X 1 X
COMPAQ COMPUTER COMMON STOCK 204493100 428,931 18,700 X 1 X
COMPUTER SCIENCES COMMON STOCK 205363104 288,281 4,100 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 264,075 2,800 X 1 X
CONCORD EFS INC COMMON STOCK 206197105 293,906 14,250 X 1 X
CONSOLIDATED EDISON COMMON STOCK 209115104 228,250 5,500 X 1 X
CORNING COMMON STOCK 219350105 239,969 3,500 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 302,400 4,200 X 1 X
CROWN CORK & SEAL CONV NON-REDEEM P/S 228255303 2,998,800 134,400 X 1 X
DELL COMPUTER COMMON STOCK 247025109 1,563,788 37,400 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 879,750 34,000 X 1 X
DOMINION RESOURCES COMMON STOCK 257470104 243,675 5,400 X 1 X
DONNELLEY & SONS COMMON STOCK 257867101 609,263 21,100 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 488,588 4,300 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 884,392 14,528 X 1 X
DUKE ENERGY CORP COMMON STOCK 264399106 1,985,933 36,026 X 1 X
E M C COMMON STOCK 268648102 1,343,025 18,800 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 3,675,000 100,000 X 1 X
EATON COMMON STOCK 278058102 224,413 2,600 X 1 X
EDISON INTL COMMON STOCK 281020107 384,138 15,800 X 1 X
EL PASO ENERGY CAPITAL NON-REDEEM P/S 283678209 6,546,875 125,000 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 206,456 3,900 X 1 X
EMERSON ELEC COMMON STOCK 291011104 720,338 11,400 X 1 X
ENERGY EAST CORPORATION COMMON STOCK 29266M109 403,750 17,000 X 1 X
ENGELHARD COMMON STOCK 292845104 283,725 15,600 X 1 X
ENRON COMMON STOCK 293561106 18,847,125 456,900 X 1 X
ETHAN ALLEN INTERIORS COMMON STOCK 297602104 248,138 7,800 X 1 X
EXXON COMMON STOCK 302290101 2,916,000 38,400 X 1 X
F P L GROUP COMMON STOCK 302571104 357,663 7,100 X 1 X
FREDDIE MAC COMMON STOCK 313400301 816,400 15,700 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 708,369 11,300 X 1 X
FEDERATED DEPARTMENT STORES COMMON STOCK 31410H101 292,706 6,700 X 1 X
FIFTH THIRD BANCORP COMMON STOCK 316773100 389,400 6,400 X 1 X
FINOVA FINANCE 5.5% CONV REDEEMABLE P/S 31808E207 2,015,000 40,000 X 1 X
FIRST DATA COMMON STOCK 319963104 228,150 5,200 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 820,000 32,000 X 1 X
FISERV INC. COMMON STOCK 337738108 524,875 16,150 X 1 X
FLEET/NORSTAR FINANCIAL COMMON STOCK 33901A108 442,591 12,084 X 1 X
FORD MOTOR COMMON STOCK 345370100 547,044 10,900 X 1 X
FOUNDATION HEALTH SYSTEMS-A COMMON STOCK 350404109 196,300 20,800 X 1 X
FRANKLIN RESOURCES COMMON STOCK 354613101 329,025 10,700 X 1 X
FULLER (H.B.) COMMON STOCK 359694106 200,888 3,300 X 1 X
G T E COMMON STOCK 362320103 1,291,500 16,800 X 1 X
GANNETT COMMON STOCK 364730101 200,644 2,900 X 1 X
GAP STORES COMMON STOCK 364760108 297,600 9,300 X 1 X
GENERAL DYNAMICS COMMON STOCK 369550108 243,506 3,900 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 5,453,875 46,000 X 1 X
GENERAL MILLS COMMON STOCK 370334104 267,713 3,300 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 516,088 8,200 X 1 X
GEORGIA-PACIFIC COMMON STOCK 373298108 202,500 5,000 X 1 X
GILLETTE COMMON STOCK 375766102 322,406 9,500 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 327,106 19,900 X 1 X
GUIDANT COMMON STOCK 401698105 225,225 4,200 X 1 X
HALLIBURTON COMMON STOCK 406216101 323,900 7,900 X 1 X
M. A. HANNA COMMON STOCK 410522106 163,800 14,400 X 1 X
HARLEY DAVIDSON COMMON STOCK 412822108 250,313 5,000 X 1 X
HEINZ COMMON STOCK 423074103 522,450 12,150 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 1,352,400 14,700 X 1 X
HIBERNIA COMMON STOCK 428656102 265,050 22,800 X 1 X
HOME DEPOT COMMON STOCK 437076102 1,708,763 24,900 X 1 X
HONEYWELL COMMON STOCK 438506107 367,331 3,300 X 1 X
HOUSTON INDS INC. 7% CONV NON-REDEEM P/S 442161204 5,100,000 50,000 X 1 X
ILLINOIS TOOL WORKS COMMON STOCK 452308109 201,319 2,700 X 1 X
ILLINOVA COMMON STOCK 452317100 305,881 10,900 X 1 X
INGERSOLL-RAND COMMON STOCK 456866102 214,256 3,900 X 1 X
INTEL COMMON STOCK 458140100 4,139,206 55,700 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 3,665,525 30,200 X 1 X
INTL PAPER COMMON STOCK 460146103 249,781 5,197 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 222,075 5,400 X 1 X
JEFFERSON-PILOT COMMON STOCK 475070108 315,938 5,000 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 1,754,813 19,100 X 1 X
JONES APPAREL GROUP INC COMMON STOCK 480074103 207,000 7,200 X 1 X
KEEBLER FOODS CO COMMON STOCK 487256109 448,125 15,000 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 939,750 17,900 X 1 X
K N ENERGY COMMON STOCK 49455P101 525,038 23,400 X 1 X
KNIGHT-RIDDER COMMON STOCK 499040103 488,388 8,900 X 1 X
L S I LOGIC COMMON STOCK 502161102 298,700 5,800 X 1 X
LEAR SEATING CORP COMMON STOCK 521865105 256,869 7,300 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 821,100 10,200 X 1 X
LILLY (ELI) COMMON STOCK 532457108 2,425,600 37,900 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 210,350 5,600 X 1 X
LINEAR TECH COMMON STOCK 535678106 299,785 5,100 X 1 X
LOCKHEED MARTIN COMMON STOCK 539830109 699,513 21,400 X 1 X
LOWE'S COMMON STOCK 548661107 248,625 5,100 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 3,102,452 47,822 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 1,814,916 25,251 X 1 X
MGIC INVESTMENT COMMON STOCK 552848103 382,000 8,000 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 277,613 4,400 X 1 X
MCDONALD'S COMMON STOCK 580135101 1,135,200 26,400 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 266,419 3,900 X 1 X
MEDIAONE REDEEMABLE P/S 58440J203 3,375,000 25,000 X 1 X
MEDTRONICS COMMON STOCK 585055106 461,500 13,000 X 1 X
MENS WEARHOUSE COMMON STOCK 587118100 258,000 12,000 X 1 X
MERCK COMMON STOCK 589331107 2,910,081 44,900 X 1 X
MEREDITH COMMON STOCK 589433101 472,063 13,000 X 1 X
MERITOR AUTOMOTIVE INC COMMON STOCK 59000G100 382,013 18,300 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 430,000 6,400 X 1 X
MICROSOFT COMMON STOCK 594918104 7,688,756 84,900 X 1 X
MICROSOFT CORP. $2.196 CONV NON-REDEEM P/S 594918203 4,430,250 44,000 X 1 X
MICRON TECH COMMON STOCK 595112103 352,781 5,300 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 585,981 6,100 X 1 X
MIRAGE RESORTS COMMON STOCK 60462E104 262,969 18,700 X 1 X
MOBIL COMMON STOCK 607059102 1,742,975 17,300 X 1 X
MORGAN STANLEY
DEAN WITTER COMMON STOCK 617446448 1,239,706 13,900 X 1 X
MOTOROLA COMMON STOCK 620076109 1,258,400 14,300 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 542,500 21,700 X 1 X
NATIONAL AUSTRALIA BANK NON-REDEEM P/S 632525309 2,737,500 100,000 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 292,500 7,800 X 1 X
NEWMONT MINING COMMON STOCK 651639106 595,125 23,000 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 223,781 3,300 X 1 X
NOBLE AFFILIATES COMMON STOCK 654894104 603,200 20,800 X 1 X
NORTEL NETWORKS CORP COMMON STOCK FOR656569100 688,500 13,500 X 1 X
OCEAN ENERGY INC COMMON STOCK 67481E106 210,881 20,700 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 1,048,775 23,050 X 1 X
OWENS & MINOR COMMON STOCK 690732102 142,450 14,800 X 1 X
PECO ENERGY CO COMMON STOCK 693304107 221,250 5,900 X 1 X
PG & E CORP COMMON STOCK 69331C108 201,825 7,800 X 1 X
PATTERSON DENTAL CO COMMON STOCK 703412106 237,900 4,800 X 1 X
PENTAIR COMMON STOCK 709631105 300,938 7,500 X 1 X
PEPSICO COMMON STOCK 713448108 940,775 31,100 X 1 X
PFIZER COMMON STOCK 717081103 1,840,000 51,200 X 1 X
PINNACLE WEST CAPITAL COMMON STOCK 723484101 574,725 15,800 X 1 X
PIONEER NATURAL RESOURCES COMMON STOCK 723787107 128,563 12,100 X 1 X
PLACER DOME COMMON FOREIGN 725906101 294,525 19,800 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 1,875,000 20,000 X 1 X
PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 514,719 6,500 X 1 X
PUBLIC SVC ENTERPRISE GROUP COMMON STOCK 744573106 258,788 6,700 X 1 X
QUALCOM COMMON STOCK 747525103 435,131 2,300 X 1 X
RADIAN GROUP INC COMMON STOCK 750236101 257,625 6,000 X 1 X
RAYTHEON COMMON STOCK 755111408 213,388 4,300 X 1 X
REPUBLIC NEW YORK COMMON STOCK 760719104 276,469 4,500 X 1 X
ROUSE CO $3 CONV B NON-REDEEM P/S 779273309 2,935,500 82,400 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 780257804 2,031,750 34,400 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 1,699,666 33,286 X 1 X
SPX CORP. COMMON STOCK 784635104 235,950 2,600 X 1 X
SAFEWAY INC COMMON STOCK 786514208 201,731 5,300 X 1 X
SANTA FE SNYDER CORP COMMON STOCK 80218K105 174,105 19,345 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 1,252,038 28,700 X 1 X
SCHLUMBERGER COMMON STOCK 806857108 305,331 4,900 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 213,200 3,200 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 346,000 16,000 X 1 X
SOUTHERN COMMON STOCK 842587107 836,875 32,500 X 1 X
SPRINT COMMON STOCK 852061100 770,350 14,200 X 1 X
SPRINT CONV NON-REDEEM P/S 852061407 7,750,000 100,000 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 436,191 5,850 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 1,373,796 14,772 X 1 X
SUNTRUST BANKS COMMON STOCK 867914103 440,525 6,700 X 1 X
SYBRON CORP COMMON STOCK 87114F106 284,875 10,600 X 1 X
TJX COMMON STOCK 872540109 255,369 9,100 X 1 X
T R W COMMON STOCK 872649108 502,475 10,100 X 1 X
TEXACO COMMON STOCK 881694103 757,500 12,000 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 1,192,625 14,500 X 1 X
TEXAS UTILITIES CO (HLDG) COMMON STOCK 882848104 455,213 12,200 X 1 X
TEXTRON COMMON STOCK 883203101 386,875 5,000 X 1 X
TIME WARNER COMMON STOCK 887315109 1,208,925 19,900 X 1 X
TIMES MIRROR COMMON STOCK 887364107 3,527,550 53,600 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 1,675,231 16,225 X 1 X
US BANCORP COMMON STOCK 902973106 389,419 12,900 X 1 X
UNILEVER N.V. COMMON FOREIGN 904784709 505,829 7,425 X 1 X
UNION PACIFIC COMMON STOCK 907818108 374,888 7,800 X 1 X
UNITED TECH COMMON STOCK 913017109 355,875 6,000 X 1 X
UNIVISION COMMUNICATION INC COMMON STOCK 914906102 260,400 3,200 X 1 X
VALASSIS COMMUNICATION COMMON STOCK 918866104 237,263 5,400 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 432,844 5,700 X 1 X
VIACOM -CL B COMMON STOCK 925524308 325,325 7,700 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 204,900 2,400 X 1 X
WAL-MART STORES COMMON STOCK 931142103 3,253,275 68,400 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 902,700 13,600 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 1,489,900 37,600 X 1 X
WENDYS FINANCING SERIES A REDEEMABLE P/S 950588202 2,118,750 37,500 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 558,963 9,700 X 1 X
XILINX, INC. COMMON STOCK 983919101 380,082 5,800 X 1 X
XEROX COMMON STOCK 984121103 230,656 5,500 X 1 X
YORK INTERNATIONAL COMMON STOCK 986670107 650,469 18,100 X 1 X
ZIONS UTAH BANCORP COMMON STOCK 989701107 214,988 3,900 X 1 X
ADT OPERATIONS INC CONV DEBT 000945AC9 60,113,625 21,450,000 X 1 X
ALZA CORP CONV DEBT 022615AD0 68,400,000 57,000,000 X 1 X
AMERICAN EXPRESS CR CORP DEBT 025818CJ2 7,252,500 6,000,000 X 1 X
AMERICAN GEN DEL CONV DEBT 02637G200 27,600,000 34,500,000 X 1 X
ATHENA NEUROSCIENCES INC., DEBT 046854AA3 17,718,750 15,750,000 X 1 X
ATHENA DEBT 046854AB1 9,450,000 8,400,000 X 1 X
AUTOMATIC DATA PROCESSING DEBT 053015AC7 23,312,813 20,250,000 X 1 X
BAKER HUGHES INTL CONV DEBT 057224AH0 8,715,000 12,000,000 X 1 X
BELL ATLANTIC FINL SVCS DEBT 07785GAB6 5,263,125 5,250,000 X 1 X
BELL ATLANTIC FINL SVCS DEBT 07785GAC4 6,285,000 6,000,000 X 1 X
BERKSHIRE HATHAWAY INC DEBT 084670AF5 50,987,250 25,800,000 X 1 X
CUC INTL INC CONV DEBT 126545AB8 15,159,375 16,500,000 X 1 X
CUC INTL INC DEBT 126545AD4 22,050,000 24,000,000 X 1 X
CENTOCOR INC. DEBT 152342AE1 29,475,000 22,500,000 X 1 X
CLEAR CHANNEL COMM., INC., DEBT 184502AB8 48,256,875 34,500,000 X 1 X
COSTCO DEBT 22160QAC6 31,050,000 36,000,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AC3 30,150,000 30,000,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 51,340,170 52,122,000 X 1 X
DIAMOND OFFSHORE CONV DEBT 25271CAA0 62,610,375 59,700,000 X 1 X
ELAN INTL FIN CONV DEBT 284129AA1 33,600,000 60,000,000 X 1 X
FRANCE TELECOM DEBT 35177QAB1 2,946,188 2,850,000 X 1 X
GOLDMAN SACHS / WELLS FARGO DEBT 38141GAB0 8,595,000 9,000,000 X 1 X
HEALTH CARE PPTY INVS INC DEBT 421915AC3 20,475,000 21,000,000 X 1 X
HEWLETT PACKARD CO., CONV DEBT 428236AA1 25,357,500 42,000,000 X 1 X
HEWLETT PACKARD CO CONV DEBT 428236AC7 38,036,250 63,000,000 X 1 X
HILTON HOTELS CORP CONV DEBT 432848AL3 24,758,625 30,900,000 X 1 X
HOME DEPOT INC CONV DEBT 437076AE2 41,967,125 47,700,000 X 1 X
INCO LTD CONV DEBT 453258AH8 10,758,319 12,105,000 X 1 X
INCO LTD CONV DEBT 453258AK1 9,896,250 10,500,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 10,350,000 11,250,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AJ9 9,660,000 10,500,000 X 1 X
KERR-MCGEE CORP DEBT 492386AL1 34,233,375 35,475,000 X 1 X
AHOLD DEBT 500467AA3 5,639,436 4,799,520 X 1 X
LIEBERT CONV DEBT 531735AA6 14,070,000 3,000,000 X 1 X
MAGNA INTL INC CONV DEBT 559222AE4 15,037,500 15,000,000 X 1 X
MAGNA INTL INC., CONV DEBT 559222AF1 18,681,750 20,700,000 X 1 X
MAGNA INTL INC DEBT 559222AG9 6,091,875 6,750,000 X 1 X
MARRIOTT INTL INC CONV DEBT 571900AH2 11,902,500 18,000,000 X 1 X
MUTUAL RISK MGMT LTD CONV DEBT 628351AA6 9,085,624 21,441,000 X 1 X
OFFICE DEPOT INC DEBT 676220AA4 8,953,500 14,100,000 X 1 X
OFFICE DEPOT DEBT 676220AB2 11,767,500 18,000,000 X 1 X
OGDEN CORP., CONVERTIBLE DEBT 676346AD1 2,377,500 3,000,000 X 1 X
OMNICOM GROUP CONV. DEBT 681919AC0 7,582,500 3,000,000 X 1 X
OMNICOM DEBT 681919AE6 11,373,750 4,500,000 X 1 X
POTOMAC ELEC PWR CO DEBT 737679BT6 13,531,500 13,950,000 X 1 X
RITE AID CORP, CONVERTIBLE DEBT 767754AK0 12,895,313 15,750,000 X 1 X
RITE AID CORP DEBT 767754AL8 7,368,750 9,000,000 X 1 X
ROBBINS & MYERS INC CONV DEBT 770196AA1 4,688,250 5,640,000 X 1 X
ROCHE HLDGS INC., CONV DEBT 771196AC6 10,721,250 18,000,000 X 1 X
ST PAUL CAPITAL CONV. DEBT 792856205 14,601,563 26,700,000 X 1 X
SOLECTRON CORP. DEBT 834182AG2 44,010,000 72,000,000 X 1 X
THERMO ELECTRON CORP CONV DEBT 883556AF9 21,532,500 24,750,000 X 1 X
THERMO INSTR SYS INC CONV DEBT 883559AC0 12,975,000 15,000,000 X 1 X
THERMO INSTR SYS INC., CONV DEBT 883559AE6 5,934,375 7,500,000 X 1 X
THERMO OPTEK CORP CONV DEBT 883582AA6 1,627,538 1,665,000 X 1 X
THERMOQUEST CORP CONV DEBT 883655AA0 3,029,194 3,135,000 X 1 X
U S CELLULAR CORP CONV DEBT 911684AA6 18,133,125 28,500,000 X 1 X
WMX TECHNOLOGIES CONV DEBT 92929QAF4 32,986,125 40,350,000 X 1 X
USA WASTE SVCS INC CONV DEBT 94106LAA7 13,350,000 15,000,000 X 1 X
Wellpoint DEBT 94973HAA6 12,180,000 21,000,000 X 1 X
XEROX CREDIT CORP., CONV DEBT 984121AY9 8,306,250 15,000,000 X 1 X
XEROX DEBT 984121BB8 14,369,813 25,950,000 X 1 X
TECNOST INTL DEBT EC1437234 279,722 273,006 X 1 X
HEALTH & RETIREMENT PPTYS DEBT U40488AA3 19,950,000 21,000,000 X 1 X
BELL ATLANTIC/TELECOM CORP DEBT VV3077219 3,007,500 3,000,000 X 1 X
TEXACO CAPITAL DEBT VV3081575 6,015,000 6,000,000 X 1 X
</TABLE>
