UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Sept 30, 1999
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: Froley, Revy Investment Co., Inc.
Address: 10900 Wilshire Blvd., Suite 900
Los Angeles, CA 90024
13F File Number: 28-10672_
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: June Chastain
Title: Vice Pres.___
Phone: 310 208-4938_
Signature, Place, and Date of Signing:
June Chastain Los Angeles November 9, 1999
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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:
Form 13F Information Table Entry Total: 244
Form 13F Information Table Value Total: $2,325,114
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C> <C> <C> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
ADT / TYCO OPERATIONS INC CVT 0.000% 07-06-2000945AC9 44049 15634000 SH DEFINED 0 0 15634000
AES CORPORATION CSD 4.500% 08-15-200130HAN5 23455 18182000 SH DEFINED 0 0 18182000
AT&T CORP NEW LIBERTY MEDIA GROUP CL A TRACKI001957208 863 23142 SH DEFINED 0 0 23142
ASE TEST LIMITED CSN 144A 1.000% 07-01-200207KAA4 21217 19645000 SH DEFINED 0 0 19645000
ADAPTEC INCORPORATED CSN 4.75% 02-01-2000651FAC2 29087 29910000 SH DEFINED 0 0 29910000
ADELPHIA COMMUN CVT PFD 5.50% / $11.00 006848402 22005 124677 SH DEFINED 0 0 141427
AFFYMETRIX INC CSN 144A 5.000% 10-01-200826TAA6 10017 10170000 SH DEFINED 0 0 10170000
ALZA CORPORATION LYON 0.000% 07-14-2022615AC2 1501 2705000 SH DEFINED 0 0 2705000
ALZA CORPORATION CSD 5.000% 05-01-2022615AD0 26474 22062000 SH DEFINED 0 0 25062000
AMERICA ONLINE INC CSN 4.000% 11-15-202364JAB0 1138 141000 SH DEFINED 0 0 141000
AMERICAN EXPRESS CREDIT CORP 1.125% 02-19-2025818CJ2 24769 20365000 SH DEFINED 0 0 20365000
AMERICAN GENERAL CORP CP MIPS 6.00% / $3.00 SER02637G200 968 12104 SH DEFINED 0 0 12104
AMERICAN HERITAGE LIFE PRIDES 8.50% / $4.25 026522201 1315 15590 SH DEFINED 0 0 15590
AIG GROUP CSN 2.250% 07-30-202687QAH1 37544 28797000 SH DEFINED 0 0 28797000
AMERICAN TOWER OID CSN 144A 2.250% 10-15-2029912AC6 8844 12500000 SH DEFINED 0 0 12500000
APACHE CORPORATION CVT ACES 6.50% / $2.015 037411600 16512 412800 SH DEFINED 0 0 412800
ATHENA NEURO/ELAN EXCH NT 144A 4.750% 11-15-2046854AA3 4804 4275000 SH DEFINED 0 0 4275000
ATHENA NEURO/ELAN EXCH NT 4.750% 11-15-2046854AB1 6068 5400000 SH DEFINED 0 0 8100000
ATMEL STEP UP CVT SUB NT(SEAS) 3.250% 06-01-204951PAA3 8548 7275000 SH DEFINED 0 0 7275000
AUTO COMMON/REPUBLIC TRACES 6.50% / $1.55005300A202 1068 81000 SH DEFINED 0 0 81000
AUTOMATIC DATA PROCESS CVT 0.000% 02-20-2053015AC7 16983 14800000 SH DEFINED 0 0 14800000
BANK AMERICA TECH BSKT CVT NTS 0.250% 09-07-206050MAC1 18441 18275000 SH DEFINED 0 0 18275000
BEA SYSTEMS INC CSN 4.000% 06-15-2073325AB8 13073 9110000 SH DEFINED 0 0 9110000
BELL ATLANTIC/CWZ CSN EURO 4.250% 09-15-2077853ADT 5636 5393000 SH DEFINED 0 0 5393000
BELL ATLANTIC/NZT CSN EURO 5.750% 04-01-2077853AET 285 285000 SH DEFINED 0 0 285000
BELL ATLANTIC/CWZ CSN 144A 4.250% 09-15-207785GAC4 8465 8100000 SH DEFINED 0 0 8100000
BERKSHIRE HATHAWAY SR EXCH NTS 1.000% 12-03-2084670AF5 45850 23208000 SH DEFINED 0 0 23208000
BONNEVILLE PACIFIC CORPORATION COM 098904204 578 54052 SH DEFINED 0 0 54052
CNET INCORPORATED COM 125945105 280 5000 SH DEFINED 0 0 5000
CNET INCORPORATED CSN 144A 5.000% 03-01-2125945AA3 13300 8110000 SH DEFINED 0 0 9610000
CNET INCORPORATED CSN 5.000% 03-01-2125945AC9 13891 8470000 SH DEFINED 0 0 8470000
CNF TRANSPORTATION INC TECONS 5.00% / $2.50 12612V205 9333 173642 SH DEFINED 0 0 173642
CNB CAPITAL TRUST CVT PFD 6.00% / $1.50 12613G207 1223 41800 SH DEFINED 0 0 41800
CSC HLDGS INC CVT PFD 8.5% / $2.125 126304203 4023 37120 SH DEFINED 0 0 37120
CUC INTERNATIONAL INC CSN 3.00% 02-15-20126545AD4 797 863000 SH DEFINED 0 0 863000
CVS CORP TR AUTOMATIC COM EX 6.0% / $4.23 (TRA126645209 8115 107040 SH DEFINED 0 0 154540
CABLEVISION SYS CORP CL A COM 12686C109 15264 209817 SH DEFINED 0 0 209817
CANADIAN NATL RAILWAY CVT PFD 5.25% / $2.625 QU136375409 2067 39985 SH DEFINED 0 0 39985
CENDANT CORP CP INCOME PRIDES 7.50% / $3.75 151313301 7066 241580 SH DEFINED 0 0 253580
CENTOCOR INC CSN 144A 4.750% 02-15-2152342AC5 19552 14925000 SH DEFINED 0 0 14925000
CENTOCOR INC CSN 4.750% 02-15-2152342AE1 17657 13479000 SH DEFINED 0 0 13479000
CENTRIS GROUP INC COM 155904105 101 10000 SH DEFINED 0 0 10000
CEPHALON EXCH CVT PFD 144A 7.25% / $3.625 (156708307 9505 170500 SH DEFINED 0 0 170500
CHIEFTAIN CVT PFD 7.25% / $1.81 168672202 235 8800 SH DEFINED 0 0 8800
CISCO SYSTEMS INC COM 17275R102 226 3300 SH DEFINED 0 0 3300
CITIGROUP INC COM 172967101 206 4672 SH DEFINED 0 0 4672
CITRIX SYSTEMS CVT CORP 0.000% 03-22-2177376AB6 1845 3814000 SH DEFINED 0 0 3814000
CLEAR CHANNEL COMM INC CSN 2.625% 04-01-2184502AB8 29281 20915000 SH DEFINED 0 0 20915000
COMVERSE TECH INC CSN 144A 4.500% 07-01-2205862AF2 18237 8065000 SH DEFINED 0 0 8065000
CONEXANT SYSTEMS INC CSN 144A 4.250% 05-01-2207142AA8 44349 25935000 SH DEFINED 0 0 25935000
CONEXANT SYSTEMS INC CSN 4.250% 05-01-2207142AB6 5173 3025000 SH DEFINED 0 0 3025000
COSTCO COMPANIES INC CSN 144A 0.00% 08-19-2022160QAA0 13016 15015000 SH DEFINED 0 0 15015000
COSTCO COMPANIES INC CSN 0.00% 08-19-2022160QAC6 14150 16323000 SH DEFINED 0 0 16323000
COX COMMUNICATIONS CVT PRIDES 7.00% / $3.50 224044305 17134 296690 SH DEFINED 0 0 296690
CREGEM /ING FINANCE CSN EURO 2.750% 01-06-2225301AAT 14404 13610000 SH DEFINED 0 0 13610000
CREDIT SUISSE/MICROSOFT NOTES 1.000% 04-08-22254C0AM9 29698 30775000 SH DEFINED 0 0 30775000
CREDIT SUISSE / ALLSTATE CSD 1.625% 07-14-22254C0AP2 1252 1550000 SH DEFINED 0 0 1550000
CYMER STEP UP CSN 3.50% 08-06-20232572AC1 29803 30685000 SH DEFINED 0 0 30685000
DSC COMMUNICATIONS CORP CVT 7.00% 08-01-20233311AC3 287 285000 SH DEFINED 0 0 285000
MSDW COMPETITIVE EDGE / B FUND 241941202 115 10020 SH DEFINED 0 0 10020
DEVON ENERGY CORP CVT SUB NTS 4.900% 08-15-225179MAA1 14720 14794000 SH DEFINED 0 0 14794000
DEVON ENERGY CORP CVT SR DEB 4.950% 08-15-225179MAB9 17018 17061000 SH DEFINED 0 0 17061000
DIAMOND OFFSHORE CSN 3.750% 02-15-225271CAA0 33286 31626000 SH DEFINED 0 0 31626000
DOUBLECLICK INC CSN 144A 4.750% 03-15-2258609AA4 13738 8750000 SH DEFINED 0 0 9750000
EMC CORPORATION CSN 3.250% 03-15-226865YAA2 19499 3089000 SH DEFINED 0 0 3089000
EVI / WEATHERFORD INTL CVT PFD 5.00% / $2.50 268939402 12718 346055 SH DEFINED 0 0 459055
ELAN FINANCE CORP CV LYON 144A 0.000% 12-14-2284129AA1 11986 21120000 SH DEFINED 0 0 21120000
ELAN FINANCE CORP CVT LYON 0.000% 12-14-2284129AC7 2691 4741000 SH DEFINED 0 0 4741000
ENRON CORP EXCH/(EOG) NOTES 7.00% / $1.5575 D293561882 5795 259740 SH DEFINED 0 0 259740
ENRON CORP NW EXCH TR SEC 144A 3.50% 9/1/2004 29356PAA1 1404 800000 SH DEFINED 0 0 800000
EQUITY RESIDENTIAL PPTY CV PFD 7.00% / $1.75 SER29476L883 411 16950 SH DEFINED 0 0 16950
EXCEL TECHNOLOGY INC COM 30067T103 483 32325 SH DEFINED 0 0 32325
SALOMON/EX CERT (TEL) CVT 144A 0.250% 07-17-230149TAB1 1681 1700000 SH DEFINED 0 0 1700000
EXODUS COMMUNICATIONS CSN 144A 5.000% 03-15-2302088AC3 14018 4325000 SH DEFINED 0 0 5825000
FEDERAL-MOGUL FIN TST CP 7.00% / $3.50 313552408 10684 267925 SH DEFINED 0 0 267925
FINANCIAL FEDERAL CORP CN 144A 4.500% 05-01-2317492AA4 900 1030000 SH DEFINED 0 0 1030000
FINANCIAL FEDERAL CORP CSN 4.500% 05-01-2317492AC0 2119 2425000 SH DEFINED 0 0 2425000
FINLAYSON GLBL/SINGAPORE 144A 0.000% 02-19-2317897AC0 15116 8540000 SH DEFINED 0 0 8540000
FINLAYSON GLBL/SINGAPORE EURO 0.000% 02-19-231805999T 27010 15260000 SH DEFINED 0 0 15260000
FINOVA FINANCE T CVT PFD TOPRS 5.50% / $2.75 31808E207 3302 64505 SH DEFINED 0 0 64505
FLEETWOOD CAP TST CVT PFD 6.00% / $3.00 339072407 1011 29105 SH DEFINED 0 0 29105
GENZYME CORPORATION CSN 144A 5.250% 06-01-2372917AE4 11099 8260000 SH DEFINED 0 0 8260000
GENZYME CORPORATION CSN 5.250% 06-01-2372917AF1 11519 8572000 SH DEFINED 0 0 8572000
GEORGIA PACIFIC CVT PEPS 7.50% / 3.75 373298801 1991 45000 SH DEFINED 0 0 45000
GLOBAL TELESYSTEMS CP 144A 7.25% / $3.625 37936U401 9473 231750 SH DEFINED 0 0 231750
GOLDMAN SACHS/WELLS FARGO EX N 2.000% 07-01-238141GAB0 1273 1330000 SH DEFINED 0 0 1330000
HNC SOFTWARE CSN 4.750% 03-01-240425PAA5 14857 13370000 SH DEFINED 0 0 13370000
HEWLETT PACKARD CO CVT LYON 0.000% 10-14-2428236AC7 14508 24079000 SH DEFINED 0 0 24079000
HOME DEPOT INC COM 437076102 44209 644210 SH DEFINED 0 0 644210
HOME DEPOT INC CSN 3.250% 10-01-2437076AE2 461 159000 SH DEFINED 0 0 159000
HOOVER'S INC. COM 439321100 647 58795 SH DEFINED 0 0 58795
HOUSTON / RELIANCE TWX CP ACES 7.00% / $3.2156 442161204 29513 289340 SH DEFINED 0 0 289340
ITC DELTACOM INC CSN 4.500% 05-15-245031TAJ3 9841 8175000 SH DEFINED 0 0 8175000
IXC COMMUNICATION CVT PFD 7.25% / $7.25 450713805 5346 30900 SH DEFINED 0 0 30900
IXC COMMUNICATION CVT PFD 144A 6.75% / $3.375 450713870 290 9050 SH DEFINED 0 0 9050
INGERSOLL RAND CVT PRIDE 6.75% / $1.6875 456867209 1538 59165 SH DEFINED 0 0 59165
INTEL CORP COM 458140100 206 2775 SH DEFINED 0 0 2775
INTERIM SERVICES INC CSN 4.500% 06-01-245868PAA8 989 1242000 SH DEFINED 0 0 1242000
INTERMEDIA COMM CVT PFD SER E 7.00% / $1.75 458801834 638 30000 SH DEFINED 0 0 30000
INTERPUBLIC GROUP CVT OID 144A 1.800% 09-16-2460690AD2 3588 3080000 SH DEFINED 0 0 3080000
INTERPUBLIC GROUP CVT OID 1.800% 09-16-2460690AF7 17211 14773000 SH DEFINED 0 0 14773000
INTERPUBLIC GROUP CSN OID 144A 1.870% 06-01-2460690AG5 14362 15590000 SH DEFINED 0 0 15590000
JACOR COMMUNICATIONS CVT LYONS 0.00% 02-09-20469858AB0 14291 23144000 SH DEFINED 0 0 23144000
JONES INTERCABLE INC COM 480206200 269 4975 SH DEFINED 0 0 4975
KANSAS CITY SOUTHERN IND. COM 485170104 251 5405 SH DEFINED 0 0 5405
KAUFMAN & BROAD HOME CORP CP 8.25% / $0.825 PR486168503 2853 397000 SH DEFINED 0 0 397000
KERR MCGEE / DEVON ENERGY EXCH 5.50% / $1.8253 M492386305 21835 559860 SH DEFINED 0 0 559860
K-MART CORP CVT PFD 7.75% / $3.875 CV498778208 9721 204125 SH DEFINED 0 0 204125
KUSHNER LOCKE CO COM 501337406 1345 268973 SH DEFINED 0 0 268973
LSI LOGIC CORPORATION CSD 144A 4.250% 03-15-2502161AB8 23692 13245000 SH DEFINED 0 0 15945000
LSI LOGIC CORPORATION CSD 4.250% 03-15-2502161AD4 644 360000 SH DEFINED 0 0 360000
LAIDLAW ONE INC 5.75% / $1.221875507307106 4967 135970 SH DEFINED 0 0 135970
LAMAR ADVERTISING CO CSD 5.250% 09-15-2512815AF8 27470 21867000 SH DEFINED 0 0 21867000
ESTEE LAUDER CO INC (TRACES) 6.25% / $3.804 AU518437207 244 3500 SH DEFINED 0 0 3500
ESTEE LAUDER CO ACES TST II 6.25% / $5.406 518438205 14568 188885 SH DEFINED 0 0 188885
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CA6 7961 8250000 SH DEFINED 0 0 8250000
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CB4 733 760000 SH DEFINED 0 0 760000
LEHMAN BROS HLDGS/ JP EQT EXCH 0.250% 08-31-2524908CD0 9000 9000000 SH DEFINED 0 0 9000000
LEVEL ONE COMMUNICATIONS CSN 4.000% 09-01-2527295AC3 43983 17925000 SH DEFINED 0 0 19425000
LEVEL 3 COMMUNICATIONS CSN 6.000% 09-15-252729NAG5 8442 8500000 SH DEFINED 0 0 8500000
LINCOLN NATIONAL CORP F PRIDES 7.75% / $1.9375 534187604 1931 92205 SH DEFINED 0 0 92205
LOEWS CORP CSN 3.125% 09-15-2540424AL2 546 645000 SH DEFINED 0 0 645000
LORAL SPACE & COMMUN CP 144A 6.00% / $3.00 SER543885404 4261 89700 SH DEFINED 0 0 89700
LUCENT TECHNOLOGIES COM 549463107 250 3860 SH DEFINED 0 0 3860
MITSUBISHI BANK LTD EXCH NOTES 3.000% 11-30-255262XAA2 247 210000 SH DEFINED 0 0 210000
MCI WORLDCOM INC COM 55268B106 5193 72250 SH DEFINED 0 0 72250
MCI WORLDCOM INC CVT PFD 4.5% / $2.25 55268B205 10029 263600 SH DEFINED 0 0 263600
MAGNA INTERNATIONAL CSD 4.875% 02-15-2559222AG9 1314 1449000 SH DEFINED 0 0 1449000
MARRIOTT INTL INC LYON 144A 0.000% 03-25-2571900AF6 3547 5510000 SH DEFINED 0 0 5510000
MARRIOTT INTL INC LYON 0.000% 03-25-2571900AH2 2938 4564000 SH DEFINED 0 0 4564000
MCDONALDS CORP COM 580135101 260 6000 SH DEFINED 0 0 6000
MEDIAONE GROUP INC CVT PFD 4.50% / $2.25 58440J203 20442 151425 SH DEFINED 0 0 151425
MEDIAONE GROUP/VOD CVT (PIES) 6.25% / $3.632 58440J401 31794 302980 SH DEFINED 0 0 302980
MERRILL LYNCH / ENERGY SELECT 0.00% 02-21-2006 590188546 1305 120000 SH DEFINED 0 0 120000
MERRILL LYNCH STRYPES / CIBER 7.87% / $4.26 590188645 3319 85245 SH DEFINED 0 0 85245
MERRILL LYNCH / TWX CVT 0.250% 05-10-2590188JV1 1384 1500000 SH DEFINED 0 0 1500000
MERRILL LYNCH / PHARM BKT CVT 0.250% 04-27-259018S2T0 12434 13990000 SH DEFINED 0 0 13990000
MERRILL LYNCH / KROGER CSN 1.000% 02-08-259018SZ23 1346 1675000 SH DEFINED 0 0 1675000
MICROSOFT CORP COM 594918104 226 2500 SH DEFINED 0 0 2500
MINDSPRING ENTERPRISES INC CSN 5.000% 04-15-2602683AA2 423 455000 SH DEFINED 0 0 455000
MONSANTO COMPANY CVT ACES 6.50% / $2.60 611662305 1743 48250 SH DEFINED 0 0 48250
MORGAN STANLEY / SUNW (PERQS) 6.00% / $0.3912 617446240 425 53600 SH DEFINED 0 0 53600
MORGAN STANLEY / MCI WORLDCOM 6.00% / $0.513 03617446257 830 107080 SH DEFINED 0 0 107080
MORGAN STANLEY / AMAT PERQS 6.00% / $2.37 05-617446331 8046 142101 SH DEFINED 0 0 142101
MORGAN STANLEY / GE EXCH NOTE 1.500% 07-31-2617446CN7 1268 900000 SH DEFINED 0 0 900000
MORGAN STANLEY / MCI WORLDCOM 0.000% 03-02-2617446DG1 843 1000000 SH DEFINED 0 0 1000000
MORGAN STANLEY / MCI WORLDCOM 0.000% 03-02-2617446DH9 11997 14240000 SH DEFINED 0 0 14240000
MORGAN STANLEY / SUNW CSN 0.000% 05-30-2617446DJ5 6844 5700000 SH DEFINED 0 0 5700000
MORGAN STANLEY / CISCO EX NTS 0.000% 06-05-2617446DK2 17437 15870000 SH DEFINED 0 0 15870000
MORGAN STANLEY / SCHLUMBERGER 0.00% EX NT 0561744EAA0 1292 1200000 SH DEFINED 0 0 1200000
MOTOROLA INC CVT NOTE 0.000% 09-27-2620076AJ8 3930 4000000 SH DEFINED 0 0 4000000
MUTUAL RISK MGMT CVT 0.000% 10-30-2628351AB4 1233 2900000 SH DEFINED 0 0 2900000
NTL INCORPORATED CVT 144A 7.000% 12-15-2629407AK3 638 375000 SH DEFINED 0 0 375000
NATIONAL AUSTRALIA BANK 7.875% / $1.96875632525309 275 10055 SH DEFINED 0 0 10055
NATIONAL DATA CORPORATION CSN 5.000% 11-01-2635621AA3 12989 15236000 SH DEFINED 0 0 15236000
NATIONAL GRID GROUP CP 144A 6.00% / $1.6375 0636274201 2375 100000 SH DEFINED 0 0 100000
NATIONAL SEMICONDUCTOR CVT 6.500% 10-01-2637640AB9 8535 8450000 SH DEFINED 0 0 8450000
NESTLE HLDGS EURO W/FIX FX 3.000% 06-17-2641069T4T 6971 5790000 SH DEFINED 0 0 5790000
NETZERO INC COM 64122R109 250 9600 SH DEFINED 0 0 9600
NEWELL FINL TRUST QUIP 144A 5.25% / $2.625 651195208 3403 84535 SH DEFINED 0 0 84535
NEWELL FINL TRUST QUIP 5.25% / $2.625 651195307 1178 29265 SH DEFINED 0 0 29265
NEWFIELD FIN TRT CVT QUIPS 6.50% / $3.25 651291205 10922 200405 SH DEFINED 0 0 200405
NEWS AMERICA HLDGS CVT 0.000% 03-11-2652478AS7 18964 30773000 SH DEFINED 0 0 30773000
NEXTEL COMMUNICATIONS CVT 144A 0.000% 12-23-265332V806 13129 19700 SH DEFINED 0 0 19700
NEXTEL COMMUN CVT SR NTS 144A 4.750% 07-01-265332VAR4 19526 12290000 SH DEFINED 0 0 12290000
NEXTLINK COMM CVT PFD 6.5% / $3.25 65333H863 712 5875 SH DEFINED 0 0 5875
NISOURCE CAP TRUST (PIES) 7.75% / $3.875 65473P303 11208 261400 SH DEFINED 0 0 261400
NAN YA PLASTICS CVT NTS EURO 1.750% 07-19-266213602T 889 750000 SH DEFINED 0 0 750000
OBIE MEDIA CORPORATION COM 674391107 535 50095 SH DEFINED 0 0 50095
OFFICE DEPOT INC LYON 0.000% 12-11-2676220AA4 186 290000 SH DEFINED 0 0 290000
OFFICE DEPOT INC SUB LQD YLD 0.000% 11-01-2676220AB2 5201 7903000 SH DEFINED 0 0 7903000
OMNICOM GROUP CSN 4.250% 01-03-2681919AE6 1271 500000 SH DEFINED 0 0 500000
OMNICOM GROUP CSD 144A 2.250% 01-06-2681919AF3 851 510000 SH DEFINED 0 0 510000
OMNICOM GROUP CSD 2.250% 01-06-2681919AG1 31269 18738000 SH DEFINED 0 0 18738000
OMNIPOINT CORPORATION CVT PFD 7.00% / $3.50 68212D607 8576 90750 SH DEFINED 0 0 90750
OWENS CORNING CAP CVT PFD 144A 6.50% / $3.25 MIP690733209 1626 43000 SH DEFINED 0 0 43000
OWENS ILLINOIS INC CVT PFD 4.75% / $2.375 690768502 6673 203760 SH DEFINED 0 0 203760
PYR ENERGY CORP COM 693677106 2223 508150 SH DEFINED 0 0 508150
PAGE AMERICA GROUP INC CVT PFD $0.36 SERIES 1 6954659AT 475 20000 SH DEFINED 0 0 20000
PAGE AMERICA RESTRICTED COM 695472ATT 6 551724 SH DEFINED 0 0 551724
PFIZER INC COM 717081103 204 5700 SH DEFINED 0 0 5700
PHOTRONICS INCORPORATED CSN 6.000% 06-01-2719405AA0 13505 13160000 SH DEFINED 0 0 16160000
POGO TRUST CO I CVT QUIPS 6.50% / $3.25 SER73044P208 1041 19525 SH DEFINED 0 0 19525
PREMIER PARKS INC CVT PFD 7.50% / $4.05 740540307 746 13500 SH DEFINED 0 0 13500
PROLOGIS TRUST CVT PFD 7.00% / $1.75 SER743410300 3278 134500 SH DEFINED 0 0 134500
PROTECTIVE LIFE CO CAP TST II 6.5% / $3.25 743674202 2896 59325 SH DEFINED 0 0 59325
PSINET INCORPORATED CVT PFD 6.75 / $3.375 74437C309 530 13425 SH DEFINED 0 0 13425
QUALCOMM FIN TR CVT PFD 144A 5.75% / $2.875 MI74752R204 13771 51575 SH DEFINED 0 0 103175
QUALCOMM FIN TR CVT PFD MIPS 5.75% / $2.875 74752R402 31308 117260 SH DEFINED 0 0 117260
RALSTON / IBC CVT (SAILS) 7.00% / $4.335 751277401 6789 144450 SH DEFINED 0 0 144450
RITE AID CORPORATION CSN 5.250% 09-15-2767754AL8 325 395000 SH DEFINED 0 0 2295000
SAFEGUARD SCIENTIFIC INC 144A 5.000% 06-15-2786449AD0 20163 18330000 SH DEFINED 0 0 18330000
ST PAUL CAPITAL LLC CVT PFD 6.00% / $3.00 MIP792856205 2911 53223 SH DEFINED 0 0 53223
SALOMON SMITH BARNEY/TELE CVT 0.250% 06-15-279548ECU4 19850 18190000 SH DEFINED 0 0 18190000
SALOMON/EX CERT (GE) CVT EURO 1.250% 04-28-279549B46T 2325 2500000 SH DEFINED 0 0 2500000
SALOMON/EX CERT (BMY) CVT EURO 1.250% 08-06-279549B47T 2250 2500000 SH DEFINED 0 0 2500000
SALOMON SMITH BARNEY/TSCM CVT CALL EQ LNKD NTS 79549B727 787 78690 SH DEFINED 0 0 78690
SALOMON SMITH BARNEY HLD DEC C 6.25% / $3.48437579549B867 9280 136100 SH DEFINED 0 0 136100
SAMSUNG ELECTRONICS REG S EURO 0.000% 12-31-2796050VVT 12638 10110000 SH DEFINED 0 0 10110000
SANMINA CORPORATION CSN 144A 4.250% 05-01-2800907AA5 40161 36345000 SH DEFINED 0 0 37345000
SEALED AIR CORP CVT PFD 4.00% / $2.00 SER81211K209 21700 427595 SH DEFINED 0 0 493395
SEPRACOR INCORPORATED CSD 144A 6.250% 02-15-2817315AC8 13340 7790000 SH DEFINED 0 0 7790000
SEPRACOR INCORPORATED CSD 6.250% 02-15-2817315AE4 2158 1260000 SH DEFINED 0 0 1260000
SEPRACOR INCORPORATED CSN 144A 7.000% 12-15-2817315AF1 12551 13550000 SH DEFINED 0 0 18750000
SEPRACOR INCORPORATED CSN 7.000% 12-15-2817315AH7 566 611000 SH DEFINED 0 0 611000
SIEBEL SYSTEMS INC CSN 144A 5.500% 09-15-2826170AA0 12879 13260000 SH DEFINED 0 0 13260000
SOLECTRON CORP CSD LYON 144A 0.000% 01-27-2834182AG2 23179 37920000 SH DEFINED 0 0 37920000
SOLECTRON CORP CSD LYON 0.000% 01-27-2834182AJ6 21435 35067000 SH DEFINED 0 0 35067000
SOUTHWEST SEC EX TRIMARK DARTS 5.00% / $2.83 MAT845224203 4346 122435 SH DEFINED 0 0 122435
STMICROELECTRONICS CVT 0.000% 06-10-2861012AA0 34665 25419000 SH DEFINED 0 0 25419000
STMICROELECTRONICS CSN LYONS 0.000% 09-22-2861012AB8 1721 2158000 SH DEFINED 0 0 2158000
SWISS LIFE FN/ROYAL DUTCH 144A 2.000% 05-20-2870883AB1 11005 11060000 SH DEFINED 0 0 11060000
SWISS LIFE FIN/MANNESMANN 144A 1.500% 05-20-2870883AC9 22491 14700000 SH DEFINED 0 0 14700000
SWISS LIFE FIN/GLAXO CSN EURO 2.000% 05-20-2870883GGT 1317 1381000 SH DEFINED 0 0 1381000
SWISS LIFE FIN/MANNESMANN EURO 1.500% 05-20-2870883GHT 3879 2535000 SH DEFINED 0 0 2535000
SWISS LIFE FN/ROYAL DUTCH EURO 2.000% 05-20-2870883GJT 577 580000 SH DEFINED 0 0 580000
TCI PACIFIC COMM CVT PFD 5.00% / $5.00 872294202 18877 69736 SH DEFINED 0 0 69736
TAIWAN SEMICONDUCTOR CVT 144A 0.000% 07-03-2874039AA8 11159 7985000 SH DEFINED 0 0 7985000
TAIWAN SEMICONDUCTOR CVT EURO 0.000% 07-03-2874039AAT 17518 12535000 SH DEFINED 0 0 12535000
TARGETS TRUST III EX NOTES .0589% / $0.1471487612W106 341 34975 SH DEFINED 0 0 34975
TELEFONICA DE ESPANA CVT 144A 2.000% 07-15-2879385AA0 13708 8475000 SH DEFINED 0 0 8475000
TELEFONICA DE ESPANA EURO 2.000% 07-15-2879385JAT 13700 8470000 SH DEFINED 0 0 8470000
TELEFONOS DE MEXICO CSD 4.250% 06-15-2879403AD5 10628 11276000 SH DEFINED 0 0 11276000
TESORO PETE CORP CVT (PIES) 7.25% / $1.155 07881609408 2353 150000 SH DEFINED 0 0 150000
TEXAS UTILITIES CO CVT (PRIDE) 9.25% / $4.625 882848203 24371 494210 SH DEFINED 0 0 494210
TIMES MIRROR (AOL) PEPS 4.25% / $1.668 887364503 330 3795 SH DEFINED 0 0 3795
TOSCO FINANCING CVT PFD 144A 5.75% / $2.875 891491201 1959 43525 SH DEFINED 0 0 43525
TOWER AUTOMOTIVE CVT PFD 6.750% / $3.375 891706301 9373 220550 SH DEFINED 0 0 337550
TRIBUNE COMPANY / AOL (PHONES) 2.000% 05-15-2896047305 9482 79015 SH DEFINED 0 0 79015
TRIKON TECHNOLOGIES INC COM 896187101 885 2529770 SH DEFINED 0 0 2529770
TUTOGEN MEDICAL INC COM 901107102 285 293985 SH DEFINED 0 0 293985
UBS JERSEY/SONY EXCH NTS EURO 1.000% 05-05-290261799T 1898 1725000 SH DEFINED 0 0 1725000
UBS FINANCE CVT NOTE EURO 2.750% 06-16-2902617AET 4233 3690000 SH DEFINED 0 0 3690000
U.S. CELLULAR CORP LYONS 0.000% 06-15-2911684AA6 8851 13565000 SH DEFINED 0 0 13565000
UNOCAL CORP CVT PFD 6.25% / $3.125 91528T207 26229 483485 SH DEFINED 0 0 483485
VERIO INC CVT PFD 144A 6.75% / $3.375 923433304 11327 269700 SH DEFINED 0 0 269700
VERITAS SOFTWARE CSN OID 1.856% 08-13-292343RAA1 21978 20907000 SH DEFINED 0 0 20907000
VODAFONE / AIRTOUCH PLC ADR COM 92857T107 43700 183805 SH DEFINED 0 0 183805
WENDY'S FINANCING I TECONS 5.00% / $2.50 950588202 1373 24308 SH DEFINED 0 0 24308
WESTERN GAS RESOURCES CVT PFD 5.25% / $2.625 958259301 593 17145 SH DEFINED 0 0 17145
WIND RIVER SYSTEMS CSN 144A 5.00% 08-01-20973149AA5 361 395000 SH DEFINED 0 0 395000
WIND RIVER SYSTEMS CSN 5.00% 08-01-20973149AC1 13336 14575000 SH DEFINED 0 0 14575000
LORAL SPACE & COMMUN CP 6.00% / $3.00 SERG56462149 15329 322715 SH DEFINED 0 0 422715
CREDIT SUISSE / ZURICH EURO 2.000% 11-17-2VV3080858 1877 1710000 SH DEFINED 0 0 1710000
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