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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 December 31, 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)
DOUGLAS B. WELCH (847)402-6046 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 11 DAY OF FEBRUARY, 2000.
ALLSTATE LIFE INSURANCE COMPANY
------------------------------------------
(NAME OF INSTITUTIONAL INVESTMENT MANAGER)
/S/ DOUGLAS B. WELCH
------------------------------------------
(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
- -------------------------------------------------------------- ---------------
2.
- -------------------------------------------------------------- ---------------
3.
- -------------------------------------------------------------- ---------------
4.
- -------------------------------------------------------------- ---------------
5.
- -------------------------------------------------------------- ---------------
<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>
3 COM COMMON STOCK 885535104 333,700.00 7,100 X 1 X
A D C TELECOM COMMON STOCK 000886101 442,631.25 6,100 X 1 X
ABBOTT LABS COMMON STOCK 002824100 537,425.01 14,800 X 1 X
AK STEEL HOLDING COMMON STOCK 001547108 453,000.00 24,000 X 1 X
ALLTEL COMMON STOCK 020039103 901,293.75 10,900 X 1 X
ALTERA COMMON STOCK 021441100 376,675.00 7,600 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 522,900.00 6,300 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 3,025,043.75 40,100 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 1,862,000.00 11,200 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 410,150.00 10,400 X 1 X
AMERICAN INTL COMMON STOCK 026874107 3,150,330.05 29,136 X 1 X
AMERICAN POWER CONVERSION COMMON STOCK 029066107 211,000.00 8,000 X 1 X
AMERICAN STANDARD COMPANIES COMMON STOCK 029712106 619,312.50 13,500 X 1 X
AMGEN COMMON STOCK 031162100 1,339,393.75 22,300 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 232,500.00 2,500 X 1 X
AON COMMON STOCK 037389103 436,000.00 10,900 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 390,687.50 3,800 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 633,437.50 5,000 X 1 X
ASSOCIATES FIRST CAPITAL CRP COMMON STOCK 046008108 584,638.25 21,308 X 1 X
AT & T COMMON STOCK 001957109 2,752,680.32 54,240 X 1 X
AT&T CORP - LIBERTY MEDIA -A COMMON STOCK 001957208 368,875.00 6,500 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 415,200.00 4,800 X 1 X
ATMEL CORP COMMON STOCK 049513104 413,875.00 14,000 X 1 X
BAKER HUGHES COMMON STOCK 057224107 212,731.25 10,100 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 885,909.78 17,652 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 1,012,000.00 25,300 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 500,175.01 15,600 X 1 X
BAXTER INTL COMMON STOCK 071813109 427,125.00 6,800 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 1,630,790.63 26,490 X 1 X
BELLSOUTH COMMON STOCK 079860102 739,637.50 15,800 X 1 X
BEST BUY COMMON STOCK 086516101 260,975.00 5,200 X 1 X
BIOGEN COMMON STOCK 090597105 735,150.00 8,700 X 1 X
BJ SERVICES COMMON STOCK 055482103 1,538,700.00 36,800 X 1 X
BLOCK (H & R) COMMON STOCK 093671105 415,625.00 9,500 X 1 X
BMC SOFTWARE COMMON STOCK 055921100 335,897.38 4,202 X 1 X
BOEING COMMON STOCK 097023105 731,500.00 17,600 X 1 X
BOWATER COMMON STOCK 102183100 244,406.25 4,500 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 2,208,050.02 34,400 X 1 X
BROADWING INC COMMON STOCK 111620100 2,975,812.50 80,700 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 1,395,237.50 42,200 X 1 X
CALLOWAY GOLF CO COMMON STOCK 131193104 337,831.25 19,100 X 1 X
CARNIVAL CRUISE LINES COMMON STOCK 143658102 320,343.75 6,700 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 1,176,450.00 18,400 X 1 X
CDW COMPUTER CENTERS INC COMMON STOCK 125129106 220,150.00 2,800 X 1 X
CENTURYTEL INC COMMON STOCK 156700106 477,303.13 10,075 X 1 X
CHAMPION INTL COMMON STOCK 158525105 222,975.00 3,600 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 1,328,456.25 17,100 X 1 X
CHEVRON COMMON STOCK 166751107 822,937.50 9,500 X 1 X
CHIRON COMMON STOCK 170040109 368,662.50 8,700 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 6,866,712.59 64,100 X 1 X
CITIGROUP INC COMMON STOCK 172967101 3,740,745.34 67,325 X 1 X
CITIZENS UTILITIES 5.0% REDEEMABLE P/S 177351202 5,720,653.13 101,475 X 1 X
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 794,325.00 8,900 X 1 X
CNF TRUST I 5% CONV REDEEMABLE P/S 12612V205 2,616,000.00 54,500 X 1 X
COCA-COLA COMMON STOCK 191216100 2,324,175.00 39,900 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 604,500.00 9,300 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 208,118.75 7,100 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 616,862.50 12,200 X 1 X
COMDISCO COMMON STOCK 200336105 212,325.00 5,700 X 1 X
COMPAQ COMPUTER COMMON STOCK 204493100 278,743.75 10,300 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 601,462.50 8,600 X 1 X
COMPUTER SCIENCES COMMON STOCK 205363104 274,412.50 2,900 X 1 X
CORNING COMMON STOCK 219350105 257,875.00 2,000 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 620,500.00 6,800 X 1 X
DARDEN RESTAURANTS COMMON STOCK 237194105 203,000.00 11,200 X 1 X
DAYTON-HUDSON COMMON STOCK 239753106 315,781.00 4,300 X 1 X
DAYTON-HUDSON COMMON STOCK 239753106 102,813.00 1,400 X 1 X
DELL COMPUTER COMMON STOCK 247025109 2,259,300.00 44,300 X 1 X
DEVON ENERGY CORP COMMON STOCK 25179M103 664,075.00 20,200 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 465,075.00 15,900 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 293,975.00 2,200 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 594,719.51 9,028 X 1 X
E M C COMMON STOCK 268648102 2,294,250.00 21,000 X 1 X
E TRADE GROUP INC COMMON STOCK 269246104 313,500.00 12,000 X 1 X
EDWARDS (AG) COMMON STOCK 281760108 269,325.00 8,400 X 1 X
EL PASO ENERGY CAPITAL
TRUST I, 4.75%, NON-REDEEM P/S 283678209 8,936,525.00 177,400 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 274,443.75 4,100 X 1 X
EMERSON ELEC COMMON STOCK 291011104 355,725.02 6,200 X 1 X
EMMIS COMMUNICATIONS CORP COMMON STOCK 291525103 1,582,935.62 12,700 X 1 X
ENDESA COMMON FOREIGN 29258N107 337,541.00 17,086 X 1 X
ENRON COMMON STOCK 293561106 20,093,000.00 452,800 X 1 X
ENSCO INTERNATIONAL COMMON STOCK 26874Q100 315,675.00 13,800 X 1 X
ETHAN ALLEN INTERIORS COMMON STOCK 297602104 250,087.51 7,800 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 3,987,500.00 100,000 X 1 X
EXXON COMMON STOCK 30231G102 4,751,415.13 58,978 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 830,418.75 13,300 X 1 X
FEDERATED DEPARTMENT STORES COMMON STOCK 31410H101 333,712.50 6,600 X 1 X
FINOVA FINANCE 5.5% CONV REDEEMABLE P/S 31808E207 1,000,000.00 20,000 X 1 X
FIRST TENNESSEE NATIONAL COMMON STOCK 337162101 259,350.00 9,100 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 823,875.00 39,000 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 928,964.61 26,685 X 1 X
FORD MOTOR COMMON STOCK 345370100 1,298,531.24 24,300 X 1 X
FOREST LABS COMMON STOCK 345838106 903,131.25 14,700 X 1 X
FREDDIE MAC COMMON STOCK 313400301 804,768.75 17,100 X 1 X
FREEPORT MCMORAN B COMMON STOCK 35671D857 445,737.50 21,100 X 1 X
G T E COMMON STOCK 362320103 1,312,462.52 18,600 X 1 X
GAP STORES COMMON STOCK 364760108 326,600.00 7,100 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 8,201,750.00 53,000 X 1 X
GENERAL INSTRUMENT CORP COMMON STOCK 370120107 280,500.00 3,300 X 1 X
GENERAL MILLS COMMON STOCK 370334104 235,950.00 6,600 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 537,887.50 7,400 X 1 X
GENERAL MOTORS CL H COMMON STOCK 370442832 393,600.00 4,100 X 1 X
GEORGIA-PACIFIC COMMON STOCK 373298108 365,400.00 7,200 X 1 X
GILLETTE COMMON STOCK 375766102 387,162.50 9,400 X 1 X
GLOBAL CROSSING LTD COMMON STOCK G3921A100 713,250.00 14,265 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 616,787.50 37,100 X 1 X
GRAINGER COMMON STOCK 384802104 2,094,187.50 43,800 X 1 X
HALLIBURTON COMMON STOCK 406216101 213,325.00 5,300 X 1 X
HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 214,143.75 8,100 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 1,629,306.25 14,300 X 1 X
HOME DEPOT COMMON STOCK 437076102 2,571,093.81 37,500 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 1,144,375.78 19,838 X 1 X
INFINITY BROADCASTING CORP COMMON STOCK 45662S102 372,731.25 10,300 X 1 X
INGERSOLL-RAND COMMON STOCK 456866102 214,743.75 3,900 X 1 X
INTEL COMMON STOCK 458140100 4,494,262.50 54,600 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 490,343.75 8,500 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 2,883,600.01 26,700 X 1 X
INTUIT INC COMMON STOCK 461202103 455,525.00 7,600 X 1 X
IVAX CORP COMMON STOCK 465823102 339,900.00 13,200 X 1 X
JABIL CIRCUIT INC COMMON STOCK 466313103 313,900.00 4,300 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 1,927,687.51 20,700 X 1 X
KANSAS CITY SOUTHERN IND COMMON STOCK 485170104 298,500.00 4,000 X 1 X
KEYSTONE FINANCIAL INC COMMON STOCK 493482103 252,750.00 12,000 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 1,363,725.00 20,900 X 1 X
KNIGHT-RIDDER COMMON STOCK 499040103 285,600.00 4,800 X 1 X
L S I LOGIC COMMON STOCK 502161102 492,750.00 7,300 X 1 X
LEGATO SYS INC COMMON STOCK 524651106 220,200.00 3,200 X 1 X
LEGG MASON COMMON STOCK 524901105 210,250.00 5,800 X 1 X
LEHMAN BROS HOLDING COMMON STOCK 524908100 542,000.00 6,400 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 669,700.00 7,400 X 1 X
LILLY (ELI) COMMON STOCK 532457108 1,522,850.00 22,900 X 1 X
LINCARE HOLDINGS INC COMMON STOCK 532791100 343,406.25 9,900 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 532,000.00 13,300 X 1 X
LINEAR TECH COMMON STOCK 535678106 429,375.00 6,000 X 1 X
LOWE'S COMMON STOCK 548661107 956,000.00 16,000 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 3,794,639.65 50,722 X 1 X
MANPOWER COMMON STOCK 56418H100 443,975.00 11,800 X 1 X
MARSH & MC LENNAN COMMON STOCK 571748102 430,593.75 4,500 X 1 X
MARSHALL & ILSLEY COMMON STOCK 571834100 307,781.25 4,900 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 415,250.00 8,800 X 1 X
MBNA CORP COMMON STOCK 55262L100 354,250.00 13,000 X 1 X
MCDONALD'S COMMON STOCK 580135101 528,093.75 13,100 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 2,344,115.54 44,177 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 299,568.75 3,900 X 1 X
MEDIMMUNE INC COMMON STOCK 584699102 447,862.50 2,700 X 1 X
MEDTRONICS COMMON STOCK 585055106 644,943.75 17,700 X 1 X
MERCK COMMON STOCK 589331107 2,374,012.50 35,400 X 1 X
MEREDITH COMMON STOCK 589433101 200,100.00 4,800 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 1,002,000.00 12,000 X 1 X
MGC COMMUNICATIONS COMMON STOCK 552763302 395,850.00 7,800 X 1 X
MICRON TECH COMMON STOCK 595112103 598,675.00 7,700 X 1 X
MICROSOFT COMMON STOCK 594918104 10,262,325.02 87,900 X 1 X
MINIMED INC COMMON STOCK 60365K108 344,275.00 4,700 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 244,687.50 2,500 X 1 X
MIRAGE RESORTS COMMON STOCK 60462E104 286,343.75 18,700 X 1 X
MONSANTO COMMON STOCK 611662107 477,375.00 13,400 X 1 X
MONTANA PWR COMMON STOCK 612085100 450,781.25 12,500 X 1 X
MORGAN STANLEY
DEAN WITTER & CO COMMON STOCK 617446448 1,655,900.00 11,600 X 1 X
MOTOROLA COMMON STOCK 620076109 2,105,674.99 14,300 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 563,449.22 18,213 X 1 X
NATIONAL AUSTRALIA
BANK 7.875% CONVERTIB NON-REDEEM P/S 632525309 2,762,500.00 100,000 X 1 X
NATIONAL SEMICONDUCTOR COMMON STOCK 637640103 458,093.75 10,700 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 255,450.00 5,200 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 804,375.00 7,800 X 1 X
NEXTLINK COMMUNICATIONS - A COMMON STOCK 65333H707 1,461,900.00 17,600 X 1 X
NIKE CL B COMMON STOCK 654106103 431,193.75 8,700 X 1 X
NOBLE AFFILIATES COMMON STOCK 654894104 302,268.75 14,100 X 1 X
NOBLE DRILLING COMMON STOCK 655042109 2,043,600.00 62,400 X 1 X
NORTEL NETWORKS CORP COMMON FOREIGN 656569100 2,626,000.00 26,000 X 1 X
NORTHERN TRUST COMMON STOCK 665859104 450,500.00 8,500 X 1 X
NORTHWESTERN COMMON STOCK 668074107 11,000.00 500 X 1 X
NUCOR COMMON STOCK 670346105 323,393.75 5,900 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 3,389,890.63 30,250 X 1 X
P N C FINANCIAL COMMON STOCK 693475105 404,950.00 9,100 X 1 X
PARKER-HANNIFIN COMMON STOCK 701094104 246,300.00 4,800 X 1 X
PEPSICO COMMON STOCK 713448108 1,011,675.00 28,700 X 1 X
PFIZER COMMON STOCK 717081103 1,654,312.50 51,000 X 1 X
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 247,500.00 5,500 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 2,684,281.22 24,500 X 1 X
QUALCOM COMMON STOCK 747525103 2,536,200.00 14,400 X 1 X
RADIAN GROUP INC COMMON STOCK 750236101 296,050.00 6,200 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 518,475.00 18,600 X 1 X
READERS DIGEST COMMON STOCK 755267101 1,412,775.00 48,300 X 1 X
RELIASTAR FINL COMMON STOCK 75952U103 493,762.50 12,600 X 1 X
REPSOL-YPF SA COMMON FOREIGN 76026T205 377,474.00 16,360 X 1 X
REYNOLDS & REYNOLDS COMMON STOCK 761695105 677,250.00 30,100 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 780257804 1,686,206.27 27,900 X 1 X
S C I SYSTEMS COMMON STOCK 783890106 361,625.00 4,400 X 1 X
SANMINA CORP COMMON STOCK 800907107 319,600.00 3,200 X 1 X
SANTA FE SNYDER CORP COMMON STOCK 80218K105 119,200.00 14,900 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 2,562,982.50 52,574 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 966,093.75 22,900 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 690,750.00 18,000 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 621,600.00 7,400 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 360,150.00 14,700 X 1 X
SOLECTRON CORP COMMON STOCK 834182107 694,412.50 7,300 X 1 X
SONOCO PRODUCTS COMMON STOCK 835495102 338,975.00 14,900 X 1 X
SPRINT COMMON STOCK 852061100 955,837.50 14,200 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 907,125.00 8,850 X 1 X
STAPLES COMMON STOCK 855030102 452,350.00 21,800 X 1 X
STARBUCKS, CORP COMMON STOCK 855244109 244,925.00 10,100 X 1 X
STATE STREET CORP COMMON STOCK 857477103 255,718.75 3,500 X 1 X
SUMMIT BANCORP COMMON STOCK 866005101 226,625.00 7,400 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 2,187,144.75 28,244 X 1 X
SYMBOL TECH COMMON STOCK 871508107 209,756.25 3,300 X 1 X
TANDY COMMON STOCK 875382103 231,181.25 4,700 X 1 X
TELEPHONE & DATA SYSTEMS COMMON STOCK 879433100 554,400.00 4,400 X 1 X
TELLABS COMMON STOCK 879664100 404,381.25 6,300 X 1 X
TEMPLE-INLAND COMMON STOCK 879868107 230,781.25 3,500 X 1 X
TENET HEALTHCARE COMMON STOCK 88033G100 249,100.00 10,600 X 1 X
TEXACO COMMON STOCK 881694103 581,143.75 10,700 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 1,259,375.00 13,000 X 1 X
TEXTRON COMMON STOCK 883203101 383,437.50 5,000 X 1 X
TIDEWATER COMMON STOCK 886423102 1,447,200.00 40,200 X 1 X
TIME WARNER COMMON STOCK 887315109 1,303,875.00 18,000 X 1 X
TIMES MIRROR COMMON STOCK 887364107 241,200.00 3,600 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 1,152,643.75 29,650 X 1 X
TYSON FOODS COMMON STOCK 902494103 502,125.00 30,900 X 1 X
UNILEVER N.V. COMMON FOREIGN 904784709 202,780.15 3,725 X 1 X
UNITED TECH COMMON STOCK 913017109 1,170,000.00 18,000 X 1 X
UNIVISION COMMUNICATION INC COMMON STOCK 914906102 327,000.00 3,200 X 1 X
US BANCORP COMMON STOCK 902973106 269,081.25 11,300 X 1 X
US WEST COMMON STOCK 91273H101 259,200.00 3,600 X 1 X
USA NETWORKS COMMON STOCK 902984103 403,325.00 7,300 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 1,445,562.50 10,100 X 1 X
VIACOM -CL B COMMON STOCK 925524308 465,368.75 7,700 X 1 X
VIAD CORP COMMON STOCK 92552R109 326,137.50 11,700 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 283,162.50 5,400 X 1 X
WALGREEN COMMON STOCK 931422109 617,175.00 21,100 X 1 X
WAL-MART STORES COMMON STOCK 931142103 4,963,175.01 71,800 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 934,087.50 11,400 X 1 X
WASHINGTON MUTUAL COMMON STOCK 939322103 247,000.00 9,500 X 1 X
WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 375,412.50 9,400 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 901,756.25 22,300 X 1 X
WENDYS FINANCING SERIES A REDEEMABLE P/S 950588202 2,800,687.50 58,500 X 1 X
WESTERN WIRELESS CORP CL A COMMON STOCK 95988E204 347,100.00 5,200 X 1 X
WESTWOOD ONE COMMON STOCK 961815107 646,000.00 8,500 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 509,868.75 7,100 X 1 X
WINSTAR COMMUNICATIONS INC COMMON STOCK 975515107 285,950.00 3,800 X 1 X
XILINX, INC. COMMON STOCK 983919101 318,281.60 7,000 X 1 X
XIRCOM INC COMMON STOCK 983922105 217,500.00 2,900 X 1 X
ADT OPERATIONS INC CONV DEBT 000945AC9 60,113,625.00 21,450,000 X 1 X
ALZA CORP CONV DEBT 022615AD0 68,400,000.00 57,000,000 X 1 X
AMERICAN EXPRESS CR CONV DEBT 025818CJ2 7,252,500.00 6,000,000 X 1 X
AMERICAN GEN DEL CONV DEBT 02637G200 27,600,000.00 34,500,000 X 1 X
ATHENA NEUROSCIENCES INC.,
CONVERTIBLE DEBT 046854AA3 17,718,750.00 15,750,000 X 1 X
ATHENA DEBT 046854AB1 9,450,000.00 8,400,000 X 1 X
AUTOMATIC DATA
PROCESSING INC CONV DEBT 053015AC7 23,312,812.50 20,250,000 X 1 X
BAKER HUGHES INTL CONV DEBT 057224AH0 8,715,000.00 12,000,000 X 1 X
BELL ATLANTIC FINL
SVCS INC., CONV. DEBT 07785GAB6 5,263,125.00 5,250,000 X 1 X
BELL ATLANTIC FINL
SVCS INC., CONVERT. DEBT 07785GAC4 6,285,000.00 6,000,000 X 1 X
BERKSHIRE HATHAWAY
INC DEL CONV DEBT 084670AF5 50,987,250.00 25,800,000 X 1 X
CUC INTL INC CONV DEBT 126545AB8 15,159,375.00 16,500,000 X 1 X
CUC INTL INC DEBT 126545AD4 22,050,000.00 24,000,000 X 1 X
CENTOCOR INC. DEBT 152342AE1 29,475,000.00 22,500,000 X 1 X
CLEAR CHANNEL COMM., INC.,
CONVERTIBLE DEBT 184502AB8 48,256,875.00 34,500,000 X 1 X
COSTCO DEBT 22160QAC6 31,050,000.00 36,000,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AC3 30,150,000.00 30,000,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 51,340,170.00 52,122,000 X 1 X
DIAMOND OFFSHORE CONV DEBT 25271CAA0 62,610,375.00 59,700,000 X 1 X
ELAN INTL FIN CONV DEBT 284129AA1 33,600,000.00 60,000,000 X 1 X
FRANCE TELECOM DEBT 35177QAB1 2,946,187.50 2,850,000 X 1 X
GOLDMAN SACHS / WELLS FARGO DEBT 38141GAB0 8,595,000.00 9,000,000 X 1 X
HEALTH CARE PPTY INVS
INC CONV DEBT 421915AC3 20,475,000.00 21,000,000 X 1 X
HEWLETT PACKARD CO.,
CONVERRTIBLE DEBT 428236AA1 25,357,500.00 42,000,000 X 1 X
HEWLETT PACKARD CO CONV DEBT 428236AC7 38,036,250.00 63,000,000 X 1 X
HILTON HOTELS CORP CONV DEBT 432848AL3 24,758,625.00 30,900,000 X 1 X
HOME DEPOT INC CONV DEBT 437076AE2 41,967,125.00 47,700,000 X 1 X
INCO LTD CONV DEBT 453258AH8 10,758,318.75 12,105,000 X 1 X
INCO LTD CONV DEBT 453258AK1 9,896,250.00 10,500,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 10,350,000.00 11,250,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AJ9 9,660,000.00 10,500,000 X 1 X
KERR-MCGEE CORP DEBT 492386AL1 34,233,375.00 35,475,000 X 1 X
AHOLD DEBT 500467AA3 5,639,436.00 4,799,520 X 1 X
LIEBERT CONV DEBT 531735AA6 14,070,000.00 3,000,000 X 1 X
MAGNA INTL INC CONV DEBT 559222AE4 15,037,500.00 15,000,000 X 1 X
MAGNA INTL INC., CONVERTIBLE DEBT 559222AF1 18,681,750.00 20,700,000 X 1 X
MAGNA INTL INC DEBT 559222AG9 6,091,875.00 6,750,000 X 1 X
MARRIOTT INTL INC CONV DEBT 571900AH2 11,902,500.00 18,000,000 X 1 X
MUTUAL RISK MGMT LTD CONV DEBT 628351AA6 9,085,623.75 21,441,000 X 1 X
OFFICE DEPOT INC DEBT 676220AA4 8,953,500.00 14,100,000 X 1 X
OFFICE DEPOT DEBT 676220AB2 11,767,500.00 18,000,000 X 1 X
OGDEN CORP., CONVERTIBLE DEBT 676346AD1 2,377,500.00 3,000,000 X 1 X
OMNICOM GROUP CONV. DEBT 681919AC0 7,582,500.00 3,000,000 X 1 X
OMNICOM DEBT 681919AE6 11,373,750.00 4,500,000 X 1 X
POTOMAC ELEC PWR CO DEBT 737679BT6 13,531,500.00 13,950,000 X 1 X
RITE AID CORP, CONVERTIBLE DEBT 767754AK0 12,895,312.50 15,750,000 X 1 X
RITE AID CORP DEBT 767754AL8 7,368,750.00 9,000,000 X 1 X
ROBBINS & MYERS INC CONV DEBT 770196AA1 4,688,250.00 5,640,000 X 1 X
ROCHE HLDGS INC.,
CONVERTIBLE DEBT 771196AC6 10,721,250.00 18,000,000 X 1 X
ST PAUL CAPITAL CONV. DEBT 792856205 14,601,562.50 26,700,000 X 1 X
SOLECTRON CORP. DEBT 834182AG2 44,010,000.00 72,000,000 X 1 X
THERMO ELECTRON CORP CONV DEBT 883556AF9 21,532,500.00 24,750,000 X 1 X
THERMO INSTR SYS INC CONV DEBT 883559AC0 12,975,000.00 15,000,000 X 1 X
THERMO INSTR SYS INC.,
CONVERTIBLE DEBT 883559AE6 5,934,375.00 7,500,000 X 1 X
THERMO OPTEK CORP CONV DEBT 883582AA6 1,627,537.50 1,665,000 X 1 X
THERMOQUEST CORP CONV DEBT 883655AA0 3,029,193.75 3,135,000 X 1 X
U S CELLULAR CORP CONV DEBT 911684AA6 18,133,125.00 28,500,000 X 1 X
WMX TECHNOLOGIES CONVERTIBLE DEBT 92929QAF4 32,986,125.00 40,350,000 X 1 X
USA WASTE SVCS INC CONV DEBT 94106LAA7 13,350,000.00 15,000,000 X 1 X
WELLPOINT DEBT 94973HAA6 12,180,000.00 21,000,000 X 1 X
XEROX CREDIT CORP.,
CONVERTIBLE DEBT 984121AY9 8,306,250.00 15,000,000 X 1 X
XEROX DEBT 984121BB8 14,369,812.50 25,950,000 X 1 X
TECNOST INTL DEBT EC1437234 279,721.95 273,006 X 1 X
HEALTH & RETIREMENT PPTYS
TR TR CONV DEBT U40488AA3 19,950,000.00 21,000,000 X 1 X
BELL ATLANTIC / TELECOM
CORP OF NEW ZEAL DEBT VV3077219 3,007,500.00 3,000,000 X 1 X
TEXACO CAPITAL DEBT VV3081575 6,015,000.00 6,000,000 X 1 X
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