SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Mar. 31, 2000
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: Dave Johnson
Title: C.O.O. ___
Phone: 310 208-4938_
Signature, Place, and Date of Signing:
Dave Johnson Los Angeles May 12, 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: 267
Form 13F Information Table Value Total: $2,977,153
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 9348 6100000 SH DEFINED 0 0 6100000
AT&T CORP NEW LIBERTY MEDIA GROUP CL A TRACKI001957208 781 13162 SH DEFINED 0 0 13162
ASM LITHOGRAPHY CSN 144A 4.250% 11-30-200400207EAB6 20409 17150000 SH DEFINED 0 0 17150000
ACKERLY GROUP INC COM 004527107 151 10000 SH DEFINED 0 0 10000
ADAPTEC INCORPORATED CSN 4.75% 02-01-2000651FAC2 6247 6735000 SH DEFINED 0 0 6735000
ADELPHIA COMMUN CVT PFD 5.50% / $11.00 006848402 6343 41627 SH DEFINED 0 0 58377
ADVANCED ENERGY CSN 5.250% 11-15-2007973AA8 6822 5575000 SH DEFINED 0 0 5575000
AES TRUST III TR CVT PFD 6.75% / $3.375 00808N202 1526 22610 SH DEFINED 0 0 22810
AETHER SYSTEMS INC CSN 6.000% 03-22-200808VAA3 3025 3270000 SH DEFINED 0 0 3270000
AFFILIATED COMP SERV CSN 4.000% 03-15-2008190AD2 9890 9515000 SH DEFINED 0 0 9515000
AFFYMETRIX INC CSN 144A 5.000% 10-01-200826TAA6 2574 1912000 SH DEFINED 0 0 1912000
AFFYMETRIX INC CSN 144A 4.750% 02-15-200826TAC2 5908 8500000 SH DEFINED 0 0 8500000
ALKERMES CVT SUB NOTES 144A 3.750% 02-15-201642TAA6 5188 6250000 SH DEFINED 0 0 6250000
ALLIANT ENERGY PHONES 144A 7.25% / $4.9118 (018803205 35992 442975 SH DEFINED 0 0 442975
ALPHARMA INC CSN 3.000% 06-01-2020813AD3 14105 11375000 SH DEFINED 0 0 11375000
ALZA CORPORATION LYON 0.000% 07-14-2022615AC2 1246 2390000 SH DEFINED 0 0 2390000
ALZA CORPORATION CSD 5.000% 05-01-2022615AD0 31241 29197000 SH DEFINED 0 0 32197000
AMDOCS CVT ACES 6.75% / $1.514 02342R202 19996 322510 SH DEFINED 0 0 322510
AMERICA ONLINE CSN 0.000% 12-06-202364JAC8 1378 2505000 SH DEFINED 0 0 2505000
AIG GROUP CSN 2.250% 07-30-202687QAH1 56140 35987000 SH DEFINED 0 0 35987000
AMERICAN TOWER OID CSN 144A 2.250% 10-15-2029912AC6 357 240000 SH DEFINED 0 0 240000
AMERICAN TOWER CVT NTS 144A 5.000% 02-15-2029912AE2 16039 14385000 SH DEFINED 0 0 14385000
AMKOR TECHNOLOGY CSN 144A 5.000% 03-15-2031652AF7 7735 7000000 SH DEFINED 0 0 7000000
APACHE CORPORATION CVT ACES 6.50% / $2.015 037411600 20513 455845 SH DEFINED 0 0 455845
ATHENA NEURO/ELAN EXCH NT 4.750% 11-15-2046854AB1 2771 2000000 SH DEFINED 0 0 4700000
ATMEL CORPORATION CSN 0.000% 04-21-2049513AC8 2554 1769000 SH DEFINED 0 0 1769000
ATMEL STEP UP CVT SUB NT(SEAS) 3.250% 06-01-204951PAA3 20498 7050000 SH DEFINED 0 0 7050000
AUTOMATIC DATA PROCESS CVT 0.000% 02-20-2053015AC7 18950 15040000 SH DEFINED 0 0 15040000
BANK AMERICA TECH BSKT CVT NTS 0.250% 09-07-206050MAC1 56036 21975000 SH DEFINED 0 0 21975000
BEA SYSTEMS INC CSN 4.000% 06-15-2073325AB8 784 141000 SH DEFINED 0 0 141000
BEA SYSTEMS INC CSN 144A 4.000% 12-15-200073325AC6 19204 15550000 SH DEFINED 0 0 15550000
BELL ATLANTIC/CWZ CSN EURO 4.250% 09-15-2077853ADT 6350 4472000 SH DEFINED 0 0 4472000
BELL ATLANTIC/NZT CSN EURO 5.750% 04-01-2077853AET 274 270000 SH DEFINED 0 0 270000
BELL ATLANTIC/CWZ CSN 144A 4.250% 09-15-207785GAC4 9656 6800000 SH DEFINED 0 0 6800000
BERKSHIRE HATHAWAY SR EXCH NTS 1.000% 12-03-2084670AF5 31089 11793000 SH DEFINED 0 0 11793000
BROADWING INC CVT PFD 7.25% / $7.25 111620209 2132 6715 SH DEFINED 0 0 6715
BROADWING INC CVT PFD 6.75% / $3.375 111620407 12553 216425 SH DEFINED 0 0 216425
CNET INCORPORATED CSN 144A 5.000% 03-01-2125945AA3 3397 2315000 SH DEFINED 0 0 3815000
CNET INCORPORATED CSN 5.000% 03-01-2125945AC9 8783 5985000 SH DEFINED 0 0 5985000
CNF TRANSPORTATION INC TECONS 5.00% / $2.50 12612V205 424 9970 SH DEFINED 0 0 9970
CNB CAPITAL TRUST CVT PFD 6.00% / $1.50 12613G207 785 24160 SH DEFINED 0 0 24160
CUC INTERNATIONAL INC CSN 3.00% 02-15-20126545AD4 291 310000 SH DEFINED 0 0 310000
CVS CORP TR AUTOMATIC COM EX 6.0% / $4.23 (TRA126645209 1867 27425 SH DEFINED 0 0 74925
CALPINE CORP CVT PFD TIDES 5.75% / $2.875 131346207 38621 441380 SH DEFINED 0 0 441380
CANADIAN NATL RAILWAY CVT PFD 5.25% / $2.625 136375409 1133 26585 SH DEFINED 0 0 26585
CENDANT CORP CP INCOME PRIDES 7.50% / $3.75 151313301 3028 106490 SH DEFINED 0 0 118490
CENTOCOR INC CSN 144A 4.750% 02-15-2152342AC5 16362 14625000 SH DEFINED 0 0 14625000
CENTOCOR / JNJ INC CSN 4.750% 02-15-2152342AE1 40608 36298000 SH DEFINED 0 0 36298000
CEPHALON EXCH CVT PFD 7.25% / $3.625 156708406 9975 93225 SH DEFINED 0 0 93225
CHECKFREE HLDGS CSN 144A 6.500% 12-01-2162816AA0 3064 2650000 SH DEFINED 0 0 2650000
CISCO SYSTEMS INC COM 17275R102 232 3000 SH DEFINED 0 0 3000
CITIGROUP INC COM 172967101 245 4100 SH DEFINED 0 0 4100
CITRIX SYSTEMS CVT CORP 0.000% 03-22-2177376AB6 6070 6406000 SH DEFINED 0 0 6406000
CLARENT CORPORATION COM 180461105 631 6995 SH DEFINED 0 0 7070
CLEAR CHANNEL COMM INC CSN 2.625% 04-01-2184502AB8 13869 11345000 SH DEFINED 0 0 11345000
CLEAR CHANNEL COMM CSN 1.500% 12-01-2184502AE2 27842 29659000 SH DEFINED 0 0 29659000
COMMSCOPE CVT SUB NTS 144A 4.000% 12-15-2203372AA5 8836 7425000 SH DEFINED 0 0 7425000
COMMSCOPE CVT SUB NOTES 4.000% 12-15-2203372AB3 2767 2325000 SH DEFINED 0 0 2325000
COMVERSE TECH INC CSN 144A 4.500% 07-01-2205862AF2 27428 6202000 SH DEFINED 0 0 6202000
COMVERSE TECH INC CSN 4.500% 07-01-2205862AG0 1459 330000 SH DEFINED 0 0 330000
CONEXANT SYSTEMS INC CSN 144A 4.250% 05-01-2207142AA8 10560 3355000 SH DEFINED 0 0 3355000
CONEXANT SYSTEMS INC CSN 4.250% 05-01-2207142AB6 6386 2029000 SH DEFINED 0 0 2029000
CONEXANT SYSTEMS CSN 144A 4.000% 02-01-2207142AD2 20647 22720000 SH DEFINED 0 0 22720000
CORR THERAPEUTICS CSN 144A 5.000% 03-01-2217753AC6 25461 23120000 SH DEFINED 0 0 23120000
COSTCO COMPANIES INC CSN 144A 0.00% 08-19-2022160QAA0 14521 11915000 SH DEFINED 0 0 11915000
COSTCO COMPANIES INC CSN 0.00% 08-19-2022160QAC6 20097 16490000 SH DEFINED 0 0 16490000
COX COMMUNICATIONS CVT PRIDES 7.00% / $3.50 224044305 23003 362255 SH DEFINED 0 0 362255
COX COMM/EXCH PCS CVT (PRIZES) 7.75% / $6.85875 224044503 2051 16950 SH DEFINED 0 0 16950
CREGEM /ING FINANCE CSN EURO 2.750% 01-06-2225301AAT 10942 10405000 SH DEFINED 0 0 10405000
CREDENCE SYSTEMS CORP CSN 5.250% 09-15-2225302AC2 3432 1865000 SH DEFINED 0 0 1865000
CREDIT SUISSE/MICROSOFT NOTES 1.000% 04-08-22254C0AM9 18375 17500000 SH DEFINED 0 0 17500000
CREDIT SUISSE / MERCK EXCH CVT 1.000% 01-19-22254C0AS6 4180 4750000 SH DEFINED 0 0 4750000
CRITICAL PATH CSN 144A 5.750% 04-01-222674VAA8 9068 9000000 SH DEFINED 0 0 9000000
CYMER STEP UP CSN 3.50% 08-06-20232572AC1 11714 9969000 SH DEFINED 0 0 9969000
CYPRESS SEMICONDUCTORS CSN 4.000% 02-01-2232806AE9 35731 28135000 SH DEFINED 0 0 28135000
DSC COMM/ALCATEL CVT SUB NTS 7.00% 08-01-20233311AC3 300 285000 SH DEFINED 0 0 285000
DATALINK.NET INC. COM 23804A206 350 5500 SH DEFINED 0 0 5500
MSDW COMPETITIVE EDGE / B FUND 241941202 115 10020 SH DEFINED 0 0 10020
METROMEDIA FIBER NETWKS DECS 6.250% / $2.4624366Q209 1792 21085 SH DEFINED 0 0 21085
DEUTSCHE FINANCE EXCH BND EURO 0.000% 02-12-22515309AT 1348 2800000 SH DEFINED 0 0 2800000
DEUTSCHE BANK/DISNEY EXCH CVTS 1.000% 01-14-225153EBG5 6106 5720000 SH DEFINED 0 0 5720000
DEVON ENERGY CORP CVT SUB NTS 4.900% 08-15-225179MAA1 12436 12483000 SH DEFINED 0 0 12483000
DEVON ENERGY CORP CVT SR DEB 4.950% 08-15-225179MAB9 16654 16633000 SH DEFINED 0 0 16633000
DIAMOND OFFSHORE CSN 3.750% 02-15-225271CAA0 45704 40446000 SH DEFINED 0 0 40446000
DIGITAL ISLAND CVT SUB NOTES 6.000% 02-15-225385NAA9 7078 10212000 SH DEFINED 0 0 10212000
DOUBLECLICK INC CSN 144A 4.750% 03-15-2258609AA4 4366 1890000 SH DEFINED 0 0 2890000
EMC CORPORATION MASS COM 268648102 12708 100854 SH DEFINED 0 0 100904
EMC CORP CVT SUB NOTES 6.000% 05-15-2268648AE2 9331 6136000 SH DEFINED 0 0 6136000
EVI / WEATHERFORD INTL CVT PFD 5.00% / $2.50 268939402 23308 502605 SH DEFINED 0 0 615605
ECHOSTAR CVT SUB NOTES 144A 4.875% 01-01-2278762AB5 28652 15625000 SH DEFINED 0 0 15625000
EFFICIENT NETWORKS CSD 144A 5.000% 03-15-2282056AA8 28311 28170000 SH DEFINED 0 0 28170000
EL PASO ENERGY CAP CVT PFD 4.75% / $2.375 283678209 1240 23910 SH DEFINED 0 0 23910
ELAN FINANCE CORP CVT LYON 0.000% 12-14-2284129AC7 20006 25982000 SH DEFINED 0 0 25982000
EMMIS COMMUNICATIONS CVT PFD 6.25% / $3.125 291525202 474 7345 SH DEFINED 0 0 7345
ENRON CORP NW EXCH TR SEC 144A 3.50% 9/1/2004 29356PAA1 2605 800000 SH DEFINED 0 0 800000
EQUITY RESIDENTIAL PPTY CV PFD 7.00% / $1.75 SER29476L883 404 18175 SH DEFINED 0 0 18175
SALOMON/EX CERT (TEL) CVT 144A 0.250% 07-17-230149TAB1 3592 2900000 SH DEFINED 0 0 2900000
EXODUS COMMUNICATIONS CSN 144A 5.000% 03-15-2302088AC3 11646 945000 SH DEFINED 0 0 2445000
EXODUS COMM CVT SUB NOTES 144A 4.750% 07-15-2302088AG4 12707 6120000 SH DEFINED 0 0 6120000
FINISAR CORPORATION COM 31787A101 1199 8185 SH DEFINED 0 0 8185
FINLAYSON GLBL/SINGAPORE EURO 0.000% 02-19-231805999T 29870 14190000 SH DEFINED 0 0 14190000
GENERAL MOTORS CORP COM 370442105 207 2500 SH DEFINED 0 0 4500
GENZYME CORPORATION CSN 5.250% 06-01-2372917AF1 938 649000 SH DEFINED 0 0 649000
GEORGIA-PACIFIC CORPORATION COM 373298108 251 3423 SH DEFINED 0 0 3423
GEORGIA PACIFIC CVT PEPS 7.50% / 3.75 373298801 1924 45000 SH DEFINED 0 0 45000
GETTY IMAGES CSN 144A 5.000% 03-15-2374276AD5 2608 3275000 SH DEFINED 0 0 3275000
GLOBAL CROSSING CVT PFD 144A 6.375% / $6.375 37932J202 10391 95765 SH DEFINED 0 0 95765
GLOBAL CROSSING CVT PFD 144A 7.00% / $17.50 37932J301 10875 45125 SH DEFINED 0 0 45125
GOLDMAN SACHS/GSTI INTERNT IDX 0.000% 11-23-238141GAE4 3645 3525000 SH DEFINED 0 0 3525000
GOLDMAN SACHS/EMC EXCH NTS 0.250% 03-22-238141GAM6 5080 4980000 SH DEFINED 0 0 4980000
HNC SOFTWARE CSN 4.750% 03-01-240425PAA5 12288 7425000 SH DEFINED 0 0 7425000
HEWLETT PACKARD CO CVT LYON 0.000% 10-14-2428236AC7 19903 26017000 SH DEFINED 0 0 26017000
HOME DEPOT INC COM 437076102 226 3511 SH DEFINED 0 0 3511
HOUSTON / RELIANCE TWX CP ACES 7.00% / $3.2156 442161204 12595 79215 SH DEFINED 0 0 79215
ITC DELTACOM INC CSN 4.500% 05-15-245031TAJ3 9093 6175000 SH DEFINED 0 0 6175000
IMCLONE SYSTEMS CSN 144A 5.500% 03-01-245245WAA7 15701 17445000 SH DEFINED 0 0 17445000
INGERSOLL RAND CVT PRIDE 6.75% / $1.6875 456867209 339 15840 SH DEFINED 0 0 15840
INHALE THERAPEUTICS CSN 144A 5.000% 02-08-2457191AD6 8121 7300000 SH DEFINED 0 0 7300000
INTEL CORP COM 458140100 221 1675 SH DEFINED 0 0 1675
INTERLIANT INC CSN 144A 7.000% 02-16-2458742AA1 1186 1770000 SH DEFINED 0 0 1770000
INTERNET CAPITAL GROUP CSN 5.500% 12-21-246059CAA4 8368 8085000 SH DEFINED 0 0 8085000
INTERPUBLIC GROUP CVT OID 144A 1.800% 09-16-2460690AD2 2841 2200000 SH DEFINED 0 0 2200000
INTERPUBLIC GROUP CVT OID 1.800% 09-16-2460690AF7 12480 9665000 SH DEFINED 0 0 9665000
INTERPUBLIC GROUP CSN OID 144A 1.870% 06-01-2460690AG5 3930 3925000 SH DEFINED 0 0 3925000
INTERPUBLIC GROUP CVT OID 1.870% 06-01-2460690AJ9 13044 13028000 SH DEFINED 0 0 13028000
I2 TECHNOLOGIES CSN 144A 5.250% 12-15-200465754AD1 15768 9062000 SH DEFINED 0 0 9062000
JUNIPER NETWORKS CSN 4.750% 03-15-248203RAA2 27288 27339000 SH DEFINED 0 0 27339000
KAUFMAN & BROAD HOME CORP CP 8.25% / $0.825 PR486168503 2928 397000 SH DEFINED 0 0 397000
KERR MCGEE / DEVON ENERGY EXCH 5.50% / $1.8253 M492386305 15009 333535 SH DEFINED 0 0 333535
KERR-MCGEE CORP CVT SUB DEB 5.250% 02-15-2492386AP2 19158 16695000 SH DEFINED 0 0 16695000
KULICKE & SOFFA CSN 144A 4.750% 12-15-200501242AC5 5383 3510000 SH DEFINED 0 0 3510000
LSI LOGIC CORPORATION CSD 144A 4.250% 03-15-2502161AB8 32192 6910000 SH DEFINED 0 0 9610000
LSI LOGIC CORPORATION CSD 4.250% 03-15-2502161AD4 20960 4499000 SH DEFINED 0 0 4499000
LSI LOGIC CVT SUB NOTES 4.000% 02-15-2502161AE2 3673 2998000 SH DEFINED 0 0 2998000
LAMAR ADVERTISING CO CSD 5.250% 09-15-2512815AF8 17545 15340000 SH DEFINED 0 0 15340000
ESTEE LAUDER CO ACES TST II 6.25% / $5.406 518438205 7709 83850 SH DEFINED 0 0 83850
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CA6 6983 5930000 SH DEFINED 0 0 5930000
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CB4 868 760000 SH DEFINED 0 0 760000
LEHMAN BROS HLDGS/ JP EQT EXCH 0.250% 08-31-2524908CD0 18460 14200000 SH DEFINED 0 0 14200000
LEHMAN BROS/BIOTECH BSKT EXCH 0.250% 02-24-2524908CH1 16164 20205000 SH DEFINED 0 0 20205000
LEVEL ONE COMMUNICATIONS CSN 4.000% 09-01-2527295AC3 43818 10283000 SH DEFINED 0 0 11783000
LEVEL 3 COMMUNICATIONS CSN 6.000% 09-15-252729NAG5 14330 8280000 SH DEFINED 0 0 8280000
LEVEL 3 COMM CVT SUB NOTES 6.000% 03-15-252729NAS9 1973 1987000 SH DEFINED 0 0 1987000
LIBERTY MEDIA/ PCS EXCH 144A CSN 4.00% 11-15-2530715AF8 54144 34350000 SH DEFINED 0 0 34350000
LIBERTY MEDIA / PCS EXCH NTS 4.000% 11-15-2530715AG6 13950 8850000 SH DEFINED 0 0 8850000
LINCOLN NATIONAL CORP F PRIDES 7.75% / $1.9375 534187604 10610 523970 SH DEFINED 0 0 523970
LOEWS CORP CSN 3.125% 09-15-2540424AL2 548 625000 SH DEFINED 0 0 625000
LUCENT TECHNOLOGIES COM 549463107 230 3760 SH DEFINED 0 0 5760
MITSUBISHI BANK LTD EXCH NOTES 3.000% 11-30-255262XAA2 236 210000 SH DEFINED 0 0 210000
MTI TECHNOLOGY CORP COM 553903105 475 18005 SH DEFINED 0 0 18005
MAGNA INTERNATIONAL CSD 4.875% 02-15-2559222AG9 364 420000 SH DEFINED 0 0 420000
MALLON RESOURCES CORP NEW COM 561240201 1878 313000 SH DEFINED 0 0 333000
MCDONALDS CORP COM 580135101 224 6000 SH DEFINED 0 0 6000
MEDIAONE GROUP INC COM 58440J104 22972 283608 SH DEFINED 0 0 283608
MEDIAONE GROUP/VOD CVT (PIES) 6.25% / $3.632 58440J401 2961 24935 SH DEFINED 0 0 24935
MEDIAONE GROUP/VOD II CVT PIES 7.00% / $3.0408 158440J500 40669 782100 SH DEFINED 0 0 782100
MERRILL LYNCH STRYPES / CIBER 7.87% / $4.26 590188645 4290 104010 SH DEFINED 0 0 104010
MERRILL LYNCH / TWX CVT 0.250% 05-10-2590188JV1 2251 1815000 SH DEFINED 0 0 1815000
MERRILL LYNCH / PHARM BKT CVT 0.250% 04-27-259018S2T0 19578 17480000 SH DEFINED 0 0 17480000
MICROSOFT CORP COM 594918104 266 2500 SH DEFINED 0 0 2500
MILLENNIUM PHARM CSN 144A 5.500% 01-15-2599902AA1 5089 6140000 SH DEFINED 0 0 6140000
MSDW MID CAP EQUITY TR FUND 616989208 311 7000 SH DEFINED 0 0 7000
MORGAN STANLEY / SUNW (PERQS) 6.00% / $0.3912 617446240 93 11600 SH DEFINED 0 0 11600
MORGAN STANLEY / MCI WORLDCOM 6.00% / $0.513 03617446257 655 104785 SH DEFINED 0 0 104785
MORGAN STANLEY / AMAT PERQS 6.00% / $2.37 05-617446331 2775 40000 SH DEFINED 0 0 40000
MORGAN STANLEY DEAN WITTER DISCOVER & CO 617446448 1180 14235 SH DEFINED 0 0 14235
MORGAN STANLEY / MCI WORLDCOM 0.000% 03-02-2617446DH9 4087 4880000 SH DEFINED 0 0 4880000
MORGAN STANLEY / SUNW CSN 0.000% 05-30-2617446DJ5 17854 7900000 SH DEFINED 0 0 7900000
MORGAN STANLEY / CISCO EX NTS 0.000% 06-05-2617446DK2 36252 15900000 SH DEFINED 0 0 15900000
MORGAN STANLEY / FINC BSKT 2.000% 03-30-2617446DT3 16185 16400000 SH DEFINED 0 0 16400000
MORGAN STANLEY / SCHLUMBERGER 0.00% EX NT 0561744EAA0 696 535000 SH DEFINED 0 0 535000
MOTOROLA INC CVT NOTE 0.000% 09-27-2620076AJ8 9752 6095000 SH DEFINED 0 0 6095000
UIT NASDAQ 100 TR 1 COM 631100104 219 2000 SH DEFINED 0 0 2000
NATIONAL DATA CORPORATION CSN 5.000% 11-01-2635621AA3 928 1115000 SH DEFINED 0 0 1115000
NEORX CORP COM 640520300 1789 93535 SH DEFINED 0 0 93535
NESTLE HLDGS EURO W/FIX FX 3.000% 06-17-2641069T4T 3553 3180000 SH DEFINED 0 0 3180000
NEWFIELD FIN TRT CVT QUIPS 6.50% / $3.25 651291205 461 7975 SH DEFINED 0 0 7975
NEWS AMERICA HLDGS CVT 0.000% 03-11-2652478AS7 30056 26250000 SH DEFINED 0 0 26250000
NEXTEL COMMUN CVT SR NTS 144A 4.750% 07-01-265332VAR4 4795 1492000 SH DEFINED 0 0 1492000
NEXTEL COMMUN CVT SR NTS 144A 5.250% 01-15-265332VAW3 38949 32730000 SH DEFINED 0 0 32730000
OAK/CORNING INDUSTRIES CSN 4.875% 03-01-2671400AL3 51832 12374000 SH DEFINED 0 0 12374000
OFFICE DEPOT INC SUB LQD YLD 0.000% 11-01-2676220AB2 849 1230000 SH DEFINED 0 0 1230000
OMNICOM GROUP CSN 4.250% 01-03-2681919AE6 1483 500000 SH DEFINED 0 0 500000
OMNICOM GROUP CSD 144A 2.250% 01-06-2681919AF3 949 495000 SH DEFINED 0 0 495000
OMNICOM GROUP CSD 2.250% 01-06-2681919AG1 48006 25052000 SH DEFINED 0 0 25052000
OMNIPOINT/VOICESTREAM CVT PFD 7.00% / $3.50 68212D607 3617 19500 SH DEFINED 0 0 19500
ORACLE CORP COM 68389X105 312 4000 SH DEFINED 0 0 4000
PYR ENERGY CORP COM 693677106 1630 501650 SH DEFINED 0 0 501650
PAGE AMERICA RESTRICTED COM 695472ATT 6 551724 SH DEFINED 0 0 551724
PHOTRONICS INCORPORATED CSN 6.000% 06-01-2719405AA0 15545 12180000 SH DEFINED 0 0 15180000
PRIMUS TELECOM CSN 144A 5.750% 02-15-2741929AK9 12650 11000000 SH DEFINED 0 0 11000000
PROTECTIVE LIFE CO CAP TST II 6.5% / $3.25 743674202 2854 54875 SH DEFINED 0 0 54875
PROTEIN DESIGN LABS CSN 144A 5.500% 02-15-274369LAA1 8357 12025000 SH DEFINED 0 0 12025000
PSINET CVT PFD 144A 7.00% / $3.50 74437C408 7285 174500 SH DEFINED 0 0 174500
QUALCOMM INC COM 747525103 26958 180546 SH DEFINED 0 0 116546
QUALCOMM FIN TR CVT PFD MIPS 5.75% / $2.875 74752R402 280 350 SH DEFINED 0 0 350
RATIONAL SOFTWARE CORP CMN COM 75409P202 1205 15750 SH DEFINED 0 0 15750
RATIONAL SOFTWARE CSN 144A 5.000% 02-01-275409PAA1 48104 38990000 SH DEFINED 0 0 38990000
REDBACK NETWORKS CSN 144A 5.000% 04-01-2757209AA9 12063 12500000 SH DEFINED 0 0 12500000
RELIANT ENERGY / TWX CVT ZENS 2% / $1.165 75952J207 26124 271775 SH DEFINED 0 0 271775
ROCHE HLDGS/EXC DNA LYONS 144A 0.000% 01-19-2771196AG7 21846 26400000 SH DEFINED 0 0 26400000
SCI SYSTEMS CSN 3.000% 03-15-2783890AF3 30192 26140000 SH DEFINED 0 0 26140000
SAFEGUARD SCIENTIFIC INC 144A 5.000% 06-15-2786449AD0 26573 8810000 SH DEFINED 0 0 8810000
ST PAUL CAPITAL LLC CVT PFD 6.00% / $3.00 MIP792856205 3337 55850 SH DEFINED 0 0 55850
SALOMON SMITH BARNEY/TELE CVT 0.250% 06-15-279548ECU4 43668 23765000 SH DEFINED 0 0 23765000
SALOMON/EX CERT (GE) CVT EURO 1.250% 04-28-279549B46T 6251 5815000 SH DEFINED 0 0 5815000
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SEAGRAM LTD CVT ACES 7.50% / $3.7598 811850205 20585 370900 SH DEFINED 0 0 370900
SEACOR HOLDINGS INC CSN 5.375% 11-15-2811904AE1 6630 6500000 SH DEFINED 0 0 6500000
SEALED AIR CORP CVT PFD 4.00% / $2.00 SER81211K209 2745 52855 SH DEFINED 0 0 118655
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SIEBEL SYSTEMS INC CSN 144A 5.500% 09-15-2826170AA0 24574 9245000 SH DEFINED 0 0 9245000
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SOLECTRON CORP CSD LYON 144A 0.000% 01-27-2834182AG2 10989 16525000 SH DEFINED 0 0 16525000
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SWISS LIFE FIN/MANNESMANN 144A 1.500% 05-20-2870883AC9 37193 12275000 SH DEFINED 0 0 12275000
SWISS LIFE FIN/GLAXO CSN EURO 2.000% 05-20-2870883GGT 1359 1390000 SH DEFINED 0 0 1390000
SWISS LIFE FIN/MANNESMANN EURO 1.500% 05-20-2870883GHT 4348 1435000 SH DEFINED 0 0 1435000
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TAIWAN SEMICONDUCTOR CVT EURO 0.000% 07-03-2874039AAT 3480 2400000 SH DEFINED 0 0 2400000
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TELEFONICA DE ESPANA EURO 2.000% 07-15-2879385JAT 22819 8905000 SH DEFINED 0 0 8905000
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THERMO ELECTRON CSD 144A 4.250% 01-01-2883556AF9 184 200000 SH DEFINED 0 0 200000
TIME WARNER INC COM 887315109 316 3160 SH DEFINED 0 0 3160
TIMES MIRROR (AOL) PEPS 4.25% / $1.668 887364503 276 2600 SH DEFINED 0 0 2600
TRIBUNE COMPANY / AOL (PHONES) 2.000% 05-15-2896047305 25059 175850 SH DEFINED 0 0 175850
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UBS FINANCE CVT NOTE EURO 2.750% 06-16-2902617AET 3827 3550000 SH DEFINED 0 0 3550000
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UNITEDGLOBALCOM CVT PFD 7.00% / $3.50 SER913247201 3810 40100 SH DEFINED 0 0 40100
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UNOCAL CORP CVT PFD 6.25% / $3.125 91528T207 6405 144750 SH DEFINED 0 0 144750
USINTERNETWORKING CSN 144A 7.000% 11-01-2917311AE2 11499 4715000 SH DEFINED 0 0 4715000
VERIO INC CVT PFD 144A 6.75% / $3.375 923433304 10953 199600 SH DEFINED 0 0 199600
VERITAS SOFTWARE CSN OID 1.856% 08-13-292343RAA1 34308 9326000 SH DEFINED 0 0 9326000
VERTICALNET INC CSN 144A 5.250% 09-27-20092532LAA5 1563 445000 SH DEFINED 0 0 445000
VIROPHARMA INC CSN 144A 6.000% 03-01-2928241AA6 9796 13605000 SH DEFINED 0 0 13605000
VITESSE SEMICOND CSN 144A 4.000% 03-15-2928497AA4 17530 16735000 SH DEFINED 0 0 16735000
VODAFONE / AIRTOUCH PLC LN LONDON EXCHANGE 92857TCCT 0 423360 SH DEFINED 0 0 423360
WIND RIVER SYSTEMS CSN 144A 5.00% 08-01-20973149AA5 1188 1015000 SH DEFINED 0 0 1015000
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WORLDCOM INC COM 98157D106 0 103199 SH DEFINED 0 0 103199
YOUNG & RUBICAM CSN 144A 3.000% 01-15-2987425AA3 5383 5765000 SH DEFINED 0 0 5765000
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