UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Dec. 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 February 14, 2000
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: 250
Form 13F Information Table Value Total: $3,037,079
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AES CORPORATION CSD 4.500% 08-15-200130HAN5 26999 18367000 SH DEFINED 0 0 18367000
AT&T CORP NEW LIBERTY MEDIA GROUP CL A TRACKI001957208 766 13477 SH DEFINED 0 0 13477
ASM LITHOGRAPHY CSN 144A 4.250% 11-30-200400207EAB6 25502 21750000 SH DEFINED 0 0 21750000
ACKERLY GROUP INC COM 004527107 181 10000 SH DEFINED 0 0 10000
ADAPTEC INCORPORATED CSN 4.75% 02-01-2000651FAC2 17456 16295000 SH DEFINED 0 0 16295000
ADELPHIA COMMUN CVT PFD 5.50% / $11.00 006848402 15238 80732 SH DEFINED 0 0 80732
ADVANCED ENERGY CSN 5.250% 11-15-2007973AA8 6544 5575000 SH DEFINED 0 0 5575000
AES TRUST III TR CVT PFD 6.75% / $3.375 00808N202 2498 40540 SH DEFINED 0 0 40740
AFFILIATED COMP SERV CSN 4.000% 03-15-2008190AD2 11704 9718000 SH DEFINED 0 0 9718000
AFFYMETRIX INC CSN 144A 5.000% 10-01-200826TAA6 9692 6505000 SH DEFINED 0 0 6505000
ALZA CORPORATION LYON 0.000% 07-14-2022615AC2 1183 2390000 SH DEFINED 0 0 2390000
ALZA CORPORATION CSD 5.000% 05-01-2022615AD0 16439 15545000 SH DEFINED 0 0 15545000
AMDOCS CVT ACES 6.75% / $1.514 02342R202 11389 354525 SH DEFINED 0 0 354525
AMERICA ONLINE INC CSN 4.000% 11-15-202364JAB0 798 69000 SH DEFINED 0 0 69000
AMERICA ONLINE CSN 0.000% 12-06-202364JAC8 10485 18475000 SH DEFINED 0 0 18475000
AMERICAN EXPRESS CREDIT CORP 1.125% 02-19-2025818CJ2 24254 17050000 SH DEFINED 0 0 17050000
AMERICAN GENERAL CORP CP MIPS 6.00% / $3.00 SER02637G200 11942 126879 SH DEFINED 0 0 126879
AIG GROUP CSN 2.250% 07-30-202687QAH1 45767 29432000 SH DEFINED 0 0 29432000
AMERICAN TOWER OID CSN 144A 2.250% 10-15-2029912AC6 12156 12500000 SH DEFINED 0 0 12500000
APACHE CORPORATION CVT ACES 6.50% / $2.015 037411600 14867 418795 SH DEFINED 0 0 418795
ATHENA NEURO/ELAN EXCH NT 144A 4.750% 11-15-2046854AA3 282 275000 SH DEFINED 0 0 275000
ATHENA NEURO/ELAN EXCH NT 4.750% 11-15-2046854AB1 4454 4340000 SH DEFINED 0 0 4340000
ATMEL CORPORATION CSN 0.000% 04-21-2049513AC8 1502 1777000 SH DEFINED 0 0 1777000
ATMEL STEP UP CVT SUB NT(SEAS) 3.250% 06-01-204951PAA3 19112 11185000 SH DEFINED 0 0 11185000
AUTOMATIC DATA PROCESS CVT 0.000% 02-20-2053015AC7 22342 15930000 SH DEFINED 0 0 15930000
BANK AMERICA TECH BSKT CVT NTS 0.250% 09-07-206050MAC1 30885 18275000 SH DEFINED 0 0 18275000
BEA SYSTEMS INC CSN 4.000% 06-15-2073325AB8 29078 5480000 SH DEFINED 0 0 5480000
BEA SYSTEMS INC CSN 144A 4.000% 12-15-200073325AC6 20925 18000000 SH DEFINED 0 0 18000000
BELL ATLANTIC/CWZ CSN EURO 4.250% 09-15-2077853ADT 5461 4476000 SH DEFINED 0 0 4476000
BELL ATLANTIC/NZT CSN EURO 5.750% 04-01-2077853AET 273 270000 SH DEFINED 0 0 270000
BELL ATLANTIC/CWZ CSN 144A 4.250% 09-15-207785GAC4 8296 6800000 SH DEFINED 0 0 6800000
BERKSHIRE HATHAWAY SR EXCH NTS 1.000% 12-03-2084670AF5 26644 10798000 SH DEFINED 0 0 10798000
BROADWING INC CVT PFD 7.25% / $7.25 111620209 9888 30900 SH DEFINED 0 0 30900
BROADWING INC CVT PFD 6.75% / $3.375 111620407 18335 309450 SH DEFINED 0 0 309450
CDNOW INC COM 125086108 128 12925 SH DEFINED 0 0 12925
CNET INCORPORATED CSN 144A 5.000% 03-01-2125945AA3 10347 6295000 SH DEFINED 0 0 6295000
CNET INCORPORATED CSN 5.000% 03-01-2125945AC9 13068 7950000 SH DEFINED 0 0 7950000
CNF TRANSPORTATION INC TECONS 5.00% / $2.50 12612V205 8322 173367 SH DEFINED 0 0 173367
CNB CAPITAL TRUST CVT PFD 6.00% / $1.50 12613G207 755 21735 SH DEFINED 0 0 21735
CUC INTERNATIONAL INC CSN 3.00% 02-15-20126545AD4 2576 2555000 SH DEFINED 0 0 2555000
CVS CORP TR AUTOMATIC COM EX 6.0% / $4.23 (TRA126645209 7631 107095 SH DEFINED 0 0 107095
CALPINE CORP CVT PFD TIDES 5.75% / $2.875 131346207 28561 439400 SH DEFINED 0 0 439400
CANADIAN NATL RAILWAY CVT PFD 5.25% / $2.625 136375409 1042 24815 SH DEFINED 0 0 24815
CENDANT CORP CP INCOME PRIDES 7.50% / $3.75 151313301 8584 232000 SH DEFINED 0 0 244000
CENTOCOR INC CSN 144A 4.750% 02-15-2152342AC5 19776 14925000 SH DEFINED 0 0 14925000
CENTOCOR INC CSN 4.750% 02-15-2152342AE1 33369 25184000 SH DEFINED 0 0 25184000
CEPHALON EXCH CVT PFD 144A 7.25% / $3.625 (156708307 24381 242900 SH DEFINED 0 0 242900
CHECKFREE HLDGS CSN 144A 6.500% 12-01-2162816AA0 7059 4525000 SH DEFINED 0 0 4525000
CITIGROUP INC COM 172967101 269 4832 SH DEFINED 0 0 4832
CITRIX SYSTEMS CVT CORP 0.000% 03-22-2177376AB6 24826 27894000 SH DEFINED 0 0 27894000
CLARENT CORPORATION COM 180461105 538 6925 SH DEFINED 0 0 7000
CLEAR CHANNEL COMM INC CSN 2.625% 04-01-2184502AB8 27408 18472000 SH DEFINED 0 0 18472000
CLEAR CHANNEL COMM CSN 1.500% 12-01-2184502AE2 28823 28175000 SH DEFINED 0 0 28175000
COMMSCOPE CSN 144A 4.000% 12-15-2203372AA5 4428 4100000 SH DEFINED 0 0 4100000
COMVERSE TECH INC CSN 144A 4.500% 07-01-2205862AF2 27110 7927000 SH DEFINED 0 0 7927000
CONEXANT SYSTEMS INC CSN 144A 4.250% 05-01-2207142AA8 66925 22677000 SH DEFINED 0 0 22677000
CONEXANT SYSTEMS INC CSN 4.250% 05-01-2207142AB6 8021 2718000 SH DEFINED 0 0 2718000
COSTCO COMPANIES INC CSN 144A 0.00% 08-19-2022160QAA0 14802 13915000 SH DEFINED 0 0 13915000
COSTCO COMPANIES INC CSN 0.00% 08-19-2022160QAC6 17638 16581000 SH DEFINED 0 0 16581000
COX COMMUNICATIONS CVT PRIDES 7.00% / $3.50 224044305 37056 544940 SH DEFINED 0 0 544940
COX COMM/EXCH PCS CVT 7.75% / $6.85875 224044503 1070 11000 SH DEFINED 0 0 11000
CREGEM /ING FINANCE CSN EURO 2.750% 01-06-2225301AAT 15560 13465000 SH DEFINED 0 0 13465000
CREDENCE SYSTEMS CORP CSN 5.250% 09-15-2225302AC2 8191 6090000 SH DEFINED 0 0 6090000
CREDIT SUISSE/MICROSOFT NOTES 1.000% 04-08-22254C0AM9 20501 18325000 SH DEFINED 0 0 18325000
CREDIT SUISSE / ALLSTATE CSD 1.625% 07-14-22254C0AP2 1221 1550000 SH DEFINED 0 0 1550000
CYMER STEP UP CSN 3.50% 08-06-20232572AC1 27893 24960000 SH DEFINED 0 0 24960000
DSC COMM/ALCATEL CVT SUB NTS 7.00% 08-01-20233311AC3 297 285000 SH DEFINED 0 0 285000
MSDW COMPETITIVE EDGE / B FUND 241941202 115 10020 SH DEFINED 0 0 10020
METROMEDIA FIBER NETWKS DECS 6.250% / $2.4624366Q209 1095 23555 SH DEFINED 0 0 23555
DEVON ENERGY CORP CVT SUB NTS 4.900% 08-15-225179MAA1 16790 17198000 SH DEFINED 0 0 17198000
DEVON ENERGY CORP CVT SR DEB 4.950% 08-15-225179MAB9 16625 17051000 SH DEFINED 0 0 17051000
DIAMOND OFFSHORE CSN 3.750% 02-15-225271CAA0 33215 32724000 SH DEFINED 0 0 32724000
DOUBLECLICK INC CSN 144A 4.750% 03-15-2258609AA4 23839 7650000 SH DEFINED 0 0 7650000
DOUBLECLICK INC CSN 4.750% 03-15-2258609AC0 17090 5484000 SH DEFINED 0 0 5484000
EMC CORPORATION CSN 3.250% 03-15-226865YAA2 29504 3059000 SH DEFINED 0 0 3059000
EVI / WEATHERFORD INTL CVT PFD 5.00% / $2.50 268939402 14801 397355 SH DEFINED 0 0 397355
ECHOSTAR CVT SUB NOTES 144A 4.875% 01-01-2278762AB5 27752 22655000 SH DEFINED 0 0 22655000
ELAN FINANCE CORP CV LYON 144A 0.000% 12-14-2284129AA1 1339 2545000 SH DEFINED 0 0 2545000
ELAN FINANCE CORP CVT LYON 0.000% 12-14-2284129AC7 2739 5204000 SH DEFINED 0 0 5204000
EMMIS COMMUNICATIONS CVT PFD 6.25% / $3.125 291525202 13730 172710 SH DEFINED 0 0 172710
ENRON CORP EXCH/(EOG) NOTES 7.00% / $1.5575 D293561882 13614 726095 SH DEFINED 0 0 726095
ENRON CORP NW EXCH TR SEC 144A 3.50% 9/1/2004 29356PAA1 1581 800000 SH DEFINED 0 0 800000
EQUITY RESIDENTIAL PPTY CV PFD 7.00% / $1.75 SER29476L883 429 18175 SH DEFINED 0 0 18175
ETOYS INC CSN 144A 6.250% 12-01-2297862AA2 4865 8000000 SH DEFINED 0 0 8000000
EXCEL TECHNOLOGY INC COM 30067T103 657 36650 SH DEFINED 0 0 36650
SALOMON/EX CERT (TEL) CVT 144A 0.250% 07-17-230149TAB1 3049 2725000 SH DEFINED 0 0 2725000
EXODUS COMMUNICATIONS CSN 144A 5.000% 03-15-2302088AC3 20155 2590000 SH DEFINED 0 0 2590000
EXODUS COMMUNICATIONS CSN 5.000% 03-15-2302088AE9 1634 210000 SH DEFINED 0 0 210000
EXODUS COMM CVT SUB NOTES 144A 4.750% 07-15-2302088AG4 16530 12000000 SH DEFINED 0 0 12000000
FEDERAL-MOGUL FIN TST CP 7.00% / $3.50 313552408 2228 66500 SH DEFINED 0 0 66500
FINANCIAL FEDERAL CORP CN 144A 4.500% 05-01-2317492AA4 972 1030000 SH DEFINED 0 0 1030000
FINANCIAL FEDERAL CORP CSN 4.500% 05-01-2317492AC0 3232 3425000 SH DEFINED 0 0 3425000
FINISAR CORPORATION COM 31787A101 404 4500 SH DEFINED 0 0 4500
FINLAYSON GLBL/SINGAPORE 144A 0.000% 02-19-2317897AC0 12943 4940000 SH DEFINED 0 0 4940000
FINLAYSON GLBL/SINGAPORE EURO 0.000% 02-19-231805999T 35475 13540000 SH DEFINED 0 0 13540000
FINOVA FINANCE T CVT PFD TOPRS 5.50% / $2.75 31808E207 2250 45000 SH DEFINED 0 0 45000
FREEMARKETS INC COM 356602102 341 1000 SH DEFINED 0 0 1000
GETNER COMMUNICATIONS CORP COM 37245J105 322 23000 SH DEFINED 0 0 23000
GEORGIA PACIFIC CVT PEPS 7.50% / 3.75 373298801 2295 45000 SH DEFINED 0 0 45000
GLOBAL TELESYSTEMS CP 144A 7.25% / $3.625 37936U401 12556 227250 SH DEFINED 0 0 227250
GOLDMAN SACHS/WELLS FARGO EX N 2.000% 07-01-238141GAB0 1382 1480000 SH DEFINED 0 0 1480000
GOLDMAN SACHS/GSTI INTERNT IDX 0.000% 11-23-238141GAE4 12052 11285000 SH DEFINED 0 0 11285000
HNC SOFTWARE CSN 4.750% 03-01-240425PAA5 33834 13765000 SH DEFINED 0 0 13765000
HEWLETT PACKARD CO CVT LYON 0.000% 10-14-2428236AC7 12817 18711000 SH DEFINED 0 0 18711000
HILTON PETROLEUM LTD COM 432901106 115 63050 SH DEFINED 0 0 63050
HOME DEPOT INC COM 437076102 18452 268393 SH DEFINED 0 0 268393
HOOVER'S INC. COM 439321100 140 15950 SH DEFINED 0 0 15950
HOUSTON / RELIANCE TWX CP ACES 7.00% / $3.2156 442161204 8754 72650 SH DEFINED 0 0 72650
ITC DELTACOM INC CSN 4.500% 05-15-245031TAJ3 9595 8175000 SH DEFINED 0 0 8175000
INGERSOLL RAND CVT PRIDE 6.75% / $1.6875 456867209 1448 57365 SH DEFINED 0 0 57365
INTERNET CAPITAL GROUP CSN 5.500% 12-21-246059CAA4 14725 10000000 SH DEFINED 0 0 10000000
INTERPUBLIC GROUP CVT OID 144A 1.800% 09-16-2460690AD2 3669 2350000 SH DEFINED 0 0 2350000
INTERPUBLIC GROUP CVT OID 1.800% 09-16-2460690AF7 20610 13201000 SH DEFINED 0 0 13201000
INTERPUBLIC GROUP CSN OID 144A 1.870% 06-01-2460690AG5 16109 14100000 SH DEFINED 0 0 14100000
INTERPUBLIC GROUP CVT 1.870% 06-01-2460690AJ9 4359 3815000 SH DEFINED 0 0 3815000
I2 TECHNOLOGIES CSN 144A 5.250% 12-15-200465754AD1 16618 11500000 SH DEFINED 0 0 11500000
JACOR COMMUNICATIONS CVT LYONS 0.00% 02-09-20469858AB0 1624 2452000 SH DEFINED 0 0 2452000
KAUFMAN & BROAD HOME CORP CP 8.25% / $0.825 PR486168503 3126 397000 SH DEFINED 0 0 397000
KERR MCGEE / DEVON ENERGY EXCH 5.50% / $1.8253 M492386305 19210 582135 SH DEFINED 0 0 582135
K-MART CORP CVT PFD 7.75% / $3.875 CV498778208 8930 204125 SH DEFINED 0 0 204125
KULICKE & SOFFA CSN 144A 4.750% 12-15-200501242AC5 6570 6000000 SH DEFINED 0 0 6000000
KUSHNER LOCKE CO COM 501337406 116 26800 SH DEFINED 0 0 26800
LSI LOGIC CORPORATION CSD 144A 4.250% 03-15-2502161AB8 31401 13925000 SH DEFINED 0 0 13925000
LSI LOGIC CORPORATION CSD 4.250% 03-15-2502161AD4 11108 4926000 SH DEFINED 0 0 4926000
LAMAR ADVERTISING CO CSD 5.250% 09-15-2512815AF8 38730 26596000 SH DEFINED 0 0 26596000
LATTICE SEMICONDUCTOR CSN 144A 4.750% 11-01-2518415AA2 6204 4727000 SH DEFINED 0 0 4727000
ESTEE LAUDER CO INC (TRACES) 6.25% / $3.804 AU518437207 304 3500 SH DEFINED 0 0 3500
ESTEE LAUDER CO ACES TST II 6.25% / $5.406 518438205 14650 156060 SH DEFINED 0 0 156060
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CA6 7069 6485000 SH DEFINED 0 0 6485000
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CB4 798 760000 SH DEFINED 0 0 760000
LEHMAN BROS HLDGS/ JP EQT EXCH 0.250% 08-31-2524908CD0 12510 9000000 SH DEFINED 0 0 9000000
LEVEL ONE COMMUNICATIONS CSN 4.000% 09-01-2527295AC3 32594 12145000 SH DEFINED 0 0 12145000
LEVEL 3 COMMUNICATIONS CSN 6.000% 09-15-252729NAG5 16150 11510000 SH DEFINED 0 0 11510000
LIBERTY MEDIA/ PCS EXCH 144A CSN 4.00% 11-15-2530715AF8 54075 43260000 SH DEFINED 0 0 43260000
LINCOLN NATIONAL CORP F PRIDES 7.75% / $1.9375 534187604 8361 380040 SH DEFINED 0 0 380040
LOEWS CORP CSN 3.125% 09-15-2540424AL2 522 650000 SH DEFINED 0 0 650000
LORAL SPACE & COMMUN CP 144A 6.00% / $3.00 SER543885404 5584 89700 SH DEFINED 0 0 89700
LUCENT TECHNOLOGIES COM 549463107 290 3860 SH DEFINED 0 0 3860
MITSUBISHI BANK LTD EXCH NOTES 3.000% 11-30-255262XAA2 232 210000 SH DEFINED 0 0 210000
MCI WORLDCOM INC COM 55268B106 5715 107700 SH DEFINED 0 0 107700
MCI WORLDCOM INC CVT PFD 4.5% / $2.25 55268B205 13444 263600 SH DEFINED 0 0 263600
MTI TECHNOLOGY CORP COM 553903105 843 22850 SH DEFINED 0 0 22850
MAGNA INTERNATIONAL CSD 4.875% 02-15-2559222AG9 358 420000 SH DEFINED 0 0 420000
MANNESMANN FIN CVT EURO 1.000% 10-13-25638710FT 1792 1470000 SH DEFINED 0 0 1470000
MCDONALDS CORP COM 580135101 242 6000 SH DEFINED 0 0 6000
MEDIAONE GROUP INC COM 58440J104 22275 289995 SH DEFINED 0 0 289995
MEDIAONE GROUP/VOD CVT (PIES) 6.25% / $3.632 58440J401 3130 28980 SH DEFINED 0 0 28980
MEDIAONE GROUP/VOD II CVT PIES 7.00% / $3.0408 158440J500 40318 839965 SH DEFINED 0 0 839965
MERRILL LYNCH STRYPES / CIBER 7.87% / $4.26 590188645 5404 102695 SH DEFINED 0 0 102695
MERRILL LYNCH / TWX CVT 0.250% 05-10-2590188JV1 1736 1815000 SH DEFINED 0 0 1815000
MERRILL LYNCH / PHARM BKT CVT 0.250% 04-27-259018S2T0 13158 13850000 SH DEFINED 0 0 13850000
MONSANTO COMPANY CVT ACES 6.50% / $2.60 611662305 383 11875 SH DEFINED 0 0 11875
MORGAN STANLEY / SUNW (PERQS) 6.00% / $0.3912 617446240 429 53600 SH DEFINED 0 0 53600
MORGAN STANLEY / MCI WORLDCOM 6.00% / $0.513 03617446257 875 109365 SH DEFINED 0 0 109365
MORGAN STANLEY / AMAT PERQS 6.00% / $2.37 05-617446331 9974 143001 SH DEFINED 0 0 143001
MORGAN STANLEY / GE EXCH NOTE 1.500% 07-31-2617446CN7 1643 900000 SH DEFINED 0 0 900000
MORGAN STANLEY / MCI WORLDCOM 0.000% 03-02-2617446DG1 895 1000000 SH DEFINED 0 0 1000000
MORGAN STANLEY / MCI WORLDCOM 0.000% 03-02-2617446DH9 11022 12315000 SH DEFINED 0 0 12315000
MORGAN STANLEY / SUNW CSN 0.000% 05-30-2617446DJ5 10830 5700000 SH DEFINED 0 0 5700000
MORGAN STANLEY / CISCO EX NTS 0.000% 06-05-2617446DK2 25361 15900000 SH DEFINED 0 0 15900000
MORGAN STANLEY / SCHLUMBERGER 0.00% EX NT 0561744EAA0 1143 1160000 SH DEFINED 0 0 1160000
MOTOROLA INC CVT NOTE 0.000% 09-27-2620076AJ8 6730 4180000 SH DEFINED 0 0 4180000
MUTUAL RISK MGMT CVT 0.000% 10-30-2628351AB4 1240 2685000 SH DEFINED 0 0 2685000
NTL INCORPORATED CVT 144A 7.000% 12-15-2629407AK3 992 375000 SH DEFINED 0 0 375000
NATIONAL DATA CORPORATION CSN 5.000% 11-01-2635621AA3 2745 3000000 SH DEFINED 0 0 3000000
NATIONAL GRID GROUP CP 144A 6.00% / $1.6375 0636274201 2565 60000 SH DEFINED 0 0 60000
NESTLE HLDGS EURO W/FIX FX 3.000% 06-17-2641069T4T 8748 7520000 SH DEFINED 0 0 7520000
NEWELL FINL TRUST QUIP 5.25% / $2.625 651195307 363 9590 SH DEFINED 0 0 9590
NEWFIELD FIN TRT CVT QUIPS 6.50% / $3.25 651291205 6423 137395 SH DEFINED 0 0 137395
NEWS AMERICA HLDGS CVT 0.000% 03-11-2652478AS7 23288 29432000 SH DEFINED 0 0 29432000
NEXTEL COMMUNICATIONS CVT 144A 0.000% 12-23-265332V806 18386 18275 SH DEFINED 0 0 18275
NEXTEL COMMUN CVT SR NTS 144A 4.750% 07-01-265332VAR4 35826 15817000 SH DEFINED 0 0 15817000
NISOURCE CAP TRUST (PIES) 7.75% / $3.875 65473P303 609 16875 SH DEFINED 0 0 16875
OAK/CORNING INDUSTRIES CSN 4.875% 03-01-2671400AL3 29684 10726000 SH DEFINED 0 0 10726000
OBIE MEDIA CORPORATION COM 674391107 480 41269 SH DEFINED 0 0 41269
OFFICE DEPOT INC SUB LQD YLD 0.000% 11-01-2676220AB2 873 1295000 SH DEFINED 0 0 1295000
OMNICOM GROUP CSN 4.250% 01-03-2681919AE6 1588 500000 SH DEFINED 0 0 500000
OMNICOM GROUP CSD 144A 2.250% 01-06-2681919AF3 1010 495000 SH DEFINED 0 0 495000
OMNICOM GROUP CSD 2.250% 01-06-2681919AG1 40210 19711000 SH DEFINED 0 0 19711000
OMNIPOINT CORPORATION CVT PFD 7.00% / $3.50 68212D607 17582 89250 SH DEFINED 0 0 89250
OWENS ILLINOIS INC CVT PFD 4.75% / $2.375 690768502 2420 76535 SH DEFINED 0 0 76535
PYR ENERGY CORP COM 693677106 2291 509150 SH DEFINED 0 0 509150
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
PHOTRONICS INCORPORATED CSN 6.000% 06-01-2719405AA0 15257 13040000 SH DEFINED 0 0 13040000
PREMIER PARKS INC CVT PFD 7.50% / $4.05 740540307 729 13500 SH DEFINED 0 0 13500
PROLOGIS TRUST CVT PFD 7.00% / $1.75 SER743410300 2896 117000 SH DEFINED 0 0 117000
PROTECTIVE LIFE CO CAP TST II 6.5% / $3.25 743674202 2837 53650 SH DEFINED 0 0 53650
QUALCOMM FIN TR CVT PFD 144A 5.75% / $2.875 MI74752R204 48167 49050 SH DEFINED 0 0 49050
QUALCOMM FIN TR CVT PFD MIPS 5.75% / $2.875 74752R402 89917 91565 SH DEFINED 0 0 91565
RALSTON / IBC CVT (SAILS) 7.00% / $4.335 751277401 3380 92450 SH DEFINED 0 0 92450
RAZORFISH INC COM 755236106 285 3000 SH DEFINED 0 0 3000
SAFEGUARD SCIENTIFIC INC 144A 5.000% 06-15-2786449AD0 51392 22740000 SH DEFINED 0 0 22740000
ST PAUL CAPITAL LLC CVT PFD 6.00% / $3.00 MIP792856205 2873 47883 SH DEFINED 0 0 47883
SALOMON SMITH BARNEY/TELE CVT 0.250% 06-15-279548ECU4 31881 19410000 SH DEFINED 0 0 19410000
SALOMON/EX CERT (GE) CVT EURO 1.250% 04-28-279549B46T 3008 2805000 SH DEFINED 0 0 2805000
SALOMON/EX CERT (BMY) CVT EURO 1.250% 08-06-279549B47T 2415 2800000 SH DEFINED 0 0 2800000
SALOMON SMITH BARNEY/TSCM CVT CALL EQ LNKD NTS 79549B727 841 71915 SH DEFINED 0 0 71915
SALOMON SMITH BARNEY HLD DEC C 6.25% / $3.48437579549B867 14664 135775 SH DEFINED 0 0 135775
SAMSUNG ELECTRONICS REG S EURO 0.000% 12-31-2796050VVT 19755 10425000 SH DEFINED 0 0 10425000
SANMINA CORPORATION CSN 144A 4.250% 05-01-2800907AA5 36585 28142000 SH DEFINED 0 0 28142000
SANMINA CORP CSN 4.250% 05-01-2800907AB3 1153 887000 SH DEFINED 0 0 887000
SEACOR HOLDINGS INC CSN 5.375% 11-15-2811904AE1 6305 6500000 SH DEFINED 0 0 6500000
SEALED AIR CORP CVT PFD 4.00% / $2.00 SER81211K209 5843 115710 SH DEFINED 0 0 115710
SEPRACOR INCORPORATED CSD 144A 6.250% 02-15-2817315AC8 9759 4500000 SH DEFINED 0 0 4500000
SEPRACOR INCORPORATED CSD 6.250% 02-15-2817315AE4 2505 1155000 SH DEFINED 0 0 1155000
SEPRACOR INCORPORATED CSN 144A 7.000% 12-15-2817315AF1 15088 14200000 SH DEFINED 0 0 14200000
SEPRACOR INCORPORATED CSN 7.000% 12-15-2817315AH7 649 611000 SH DEFINED 0 0 611000
SIEBEL SYSTEMS INC CSN 144A 5.500% 09-15-2826170AA0 34458 17785000 SH DEFINED 0 0 17785000
SOLECTRON CORP CSD LYON 144A 0.000% 01-27-2834182AG2 27875 36920000 SH DEFINED 0 0 36920000
SOLECTRON CORP CSD LYON 0.000% 01-27-2834182AJ6 23662 31341000 SH DEFINED 0 0 31341000
STMICROELECTRONICS CVT 0.000% 06-10-2861012AA0 22111 8159000 SH DEFINED 0 0 8159000
STMICROELECTRONICS CSN LYONS 0.000% 09-22-2861012AB8 36358 26932000 SH DEFINED 0 0 26932000
SUN MICROSYSTEMS INC COM 866810104 209 2700 SH DEFINED 0 0 2700
SWISS LIFE FN/ROYAL DUTCH 144A 2.000% 05-20-2870883AB1 10656 10750000 SH DEFINED 0 0 10750000
SWISS LIFE FIN/MANNESMANN 144A 1.500% 05-20-2870883AC9 29968 13275000 SH DEFINED 0 0 13275000
SWISS LIFE FIN/GLAXO CSN EURO 2.000% 05-20-2870883GGT 1306 1334000 SH DEFINED 0 0 1334000
SWISS LIFE FIN/MANNESMANN EURO 1.500% 05-20-2870883GHT 5497 2435000 SH DEFINED 0 0 2435000
SWISS LIFE FN/ROYAL DUTCH EURO 2.000% 05-20-2870883GJT 377 380000 SH DEFINED 0 0 380000
SYCAMORE NETWORKS INC COM 871206108 576 1870 SH DEFINED 0 0 1870
TCI PACIFIC COMM CVT PFD 5.00% / $5.00 872294202 21009 65246 SH DEFINED 0 0 65246
TARGETS TRUST III EX NOTES .0589% / $0.1471487612W106 266 27275 SH DEFINED 0 0 27275
TEKELEC CSN O.I.D. 144A 3.250% 11-02-2879101AA1 2691 1975000 SH DEFINED 0 0 1975000
TELEFONICA DE ESPANA CVT 144A 2.000% 07-15-2879385AA0 19812 7800000 SH DEFINED 0 0 7800000
TELEFONICA DE ESPANA EURO 2.000% 07-15-2879385JAT 21514 8470000 SH DEFINED 0 0 8470000
TELEFONOS DE MEXICO CSD 4.250% 06-15-2879403AD5 1769 1358000 SH DEFINED 0 0 1358000
TESORO PETE CORP CVT (PIES) 7.25% / $1.155 07881609408 1800 150000 SH DEFINED 0 0 150000
TEXACO CAPITAL CVT NOTE EURO 3.500% 08-05-2881694ACT 273 290000 SH DEFINED 0 0 290000
TEXAS UTILITIES CO CVT (PRIDE) 9.25% / $4.625 882848203 21288 487970 SH DEFINED 0 0 487970
TIMES MIRROR (AOL) PEPS 4.25% / $1.668 887364503 428 3455 SH DEFINED 0 0 3455
TOSCO FINANCING CVT PFD 144A 5.75% / $2.875 891491201 1640 34800 SH DEFINED 0 0 34800
TOWER AUTOMOTIVE CVT PFD 6.750% / $3.375 891706301 3033 83100 SH DEFINED 0 0 83100
TRIBUNE COMPANY / AOL (PHONES) 2.000% 05-15-2896047305 30685 193290 SH DEFINED 0 0 193290
TRIKON TECHNOLOGIES INC (NEW) COM 896187408 2688 252977 SH DEFINED 0 0 252977
TUTOGEN MEDICAL INC COM 901107102 781 293985 SH DEFINED 0 0 293985
UBS JERSEY/SONY EXCH NTS EURO 1.000% 05-05-290261799T 7348 3665000 SH DEFINED 0 0 3665000
UBS FINANCE CVT NOTE EURO 2.750% 06-16-2902617AET 1759 1590000 SH DEFINED 0 0 1590000
UNITED PARCEL SERVICE, INC COM 911312106 766 11095 SH DEFINED 0 0 11225
U.S. CELLULAR CORP LYONS 0.000% 06-15-2911684AA6 16636 17397000 SH DEFINED 0 0 17397000
UNITEDGLOBALCOM CVT PFD 7.00% / $3.50 SER913247201 29939 335455 SH DEFINED 0 0 335455
UNOCAL CORP CVT PFD 6.25% / $3.125 91528T207 13905 285225 SH DEFINED 0 0 285225
USINTERNETWORKING CSN 144A 7.000% 11-01-2917311AE2 21028 7220000 SH DEFINED 0 0 7220000
VERIO INC CVT PFD 144A 6.75% / $3.375 923433304 15554 280250 SH DEFINED 0 0 280250
VERITAS SOFTWARE CSN OID 1.856% 08-13-292343RAA1 65751 24386000 SH DEFINED 0 0 24386000
VERTICALNET INC CSN 144A 5.250% 09-27-20092532LAA5 3620 862000 SH DEFINED 0 0 862000
WENDY'S FINANCING I TECONS 5.00% / $2.50 950588202 1207 25208 SH DEFINED 0 0 25208
WIND RIVER SYSTEMS CSN 144A 5.00% 08-01-20973149AA5 1289 1015000 SH DEFINED 0 0 1015000
WIND RIVER SYSTEMS CSN 5.00% 08-01-20973149AC1 33177 26124000 SH DEFINED 0 0 26124000
LORAL SPACE & COMMUN CP 6.00% / $3.00 SERG56462149 6956 111750 SH DEFINED 0 0 111750
CREDIT SUISSE / ZURICH EURO 2.000% 11-17-2VV3080858 1210 1090000 SH DEFINED 0 0 1090000
</TABLE>
