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, 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 Nov 07 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: 233
Form 13F Information Table Value Total: $2,761,979
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 2326 825000 SH DEFINED 0 0 825000
ACT MANUFACTURING CSN 144A 7.000% 04-15-2000973AA5 14856 10775000 SH DEFINED 0 0 10775000
ACT MANUFACTURING CSN 7.000% 04-15-2000973AB3 4481 3250000 SH DEFINED 0 0 3250000
AES CORP TRUST CVT PFD 144A 6.00% / $3.00 (D00103V206 41621 506800 SH DEFINED 0 0 506800
AES CORP TRUST CVT PFD (VII) 6.00% / $3.00 00103V305 15275 186000 SH DEFINED 0 0 186000
ASM LITHOGRAPHY CSN 144A 4.250% 11-30-200400207EAB6 13915 12480000 SH DEFINED 0 0 12480000
ASM LITHOGRAPHY CSN EURO 4.250% 11-30-200207EACT 234 210000 SH DEFINED 0 0 210000
ACKERLY GROUP INC COM 004527107 125 12500 SH DEFINED 0 0 12500
ADVANCED ENERGY CVT SUB NOTES 5.250% 11-15-2007973AA8 7405 7995000 SH DEFINED 0 0 7995000
AES TRUST III TR CVT PFD 6.75% / $3.375 00808N202 3054 29510 SH DEFINED 0 0 29710
AFFILIATED COMP SERV CSN 4.000% 03-15-2008190AD2 21756 16849000 SH DEFINED 0 0 16849000
AFFYMETRIX INC CSN 5.000% 10-01-200826TAB4 7245 7300000 SH DEFINED 0 0 7300000
AFFYMETRIX INC CSN 4.750% 02-15-200826TAD0 791 1335000 SH DEFINED 0 0 1335000
AKAMAI TECHNOLOGIES CSN 144A 5.500% 07-01-200971TAA9 5720 8000000 SH DEFINED 0 0 8000000
ALLIANT ENERGY PHONES 144A 7.25% / $4.9118 (018803205 4448 78125 SH DEFINED 0 0 78125
ALZA CORPORATION COM 022615108 26345 304568 SH DEFINED 0 0 304568
ALZA CORPORATION LYON 0.000% 07-14-2022615AC2 14410 12668000 SH DEFINED 0 0 12668000
ALZA CORP CSN (II) 144A 0.000% 07-28-202261WAA7 19313 27965000 SH DEFINED 0 0 27965000
AMDOCS CVT ACES 6.75% / $1.514 0902342R202 4094 75200 SH DEFINED 0 0 75200
AMERICA ONLINE CSN 0.000% 12-06-202364JAC8 1271 2473000 SH DEFINED 0 0 2473000
AIG GROUP CVT EX EQ LNK NTS II 0.500% 05-15-2026874AN7 48773 43402000 SH DEFINED 0 0 43402000
ANADARKO PETROLEUM CVT SUB NTS 0.000% 03-07-2032511AP2 28452 34645000 SH DEFINED 0 0 34645000
APACHE CORPORATION CVT ACES 6.50% / $2.015 05037411600 21045 410125 SH DEFINED 0 0 410125
ATHENA NEURO/ELAN EXCH NT 4.750% 11-15-2046854AB1 5740 3690000 SH DEFINED 0 0 3690000
AUTOMATIC DATA PROCESS CVT 0.000% 02-20-2053015AC7 24343 14112000 SH DEFINED 0 0 14112000
AVON PRODUCTS CSN 144A 0.000% 07-12-2054303AN2 4823 10000000 SH DEFINED 0 0 10000000
BANK AMERICA TECH BSKT CVT NTS 0.250% 09-07-206050MAC1 29578 10270000 SH DEFINED 0 0 10270000
BEA SYSTEMS INC CSN 144A 4.000% 12-15-200073325AC6 30174 12725000 SH DEFINED 0 0 12725000
BEA SYSTEMS INC CVT SUB NOTES 4.000% 12-15-2073325AD4 9817 4140000 SH DEFINED 0 0 4140000
BELL ATLANTIC/CWZ CSN EURO 4.250% 09-15-2077853ADT 2005 1812000 SH DEFINED 0 0 1812000
BELL ATLANTIC/NZT CSN EURO 5.750% 04-01-2077853AET 261 270000 SH DEFINED 0 0 270000
BERKSHIRE HATHAWAY SR EXCH NTS 1.000% 12-03-2084670AF5 31654 9892000 SH DEFINED 0 0 9892000
BROADWING INC CVT PFD 6.75% / $3.375 111620407 10091 216425 SH DEFINED 0 0 216425
BURR-BROWN / TXN CORP CSN 4.250% 02-15-2122574AF3 5679 4238000 SH DEFINED 0 0 4238000
CNB CAPITAL TRUST CVT PFD 6.00% / $1.50 12613G207 937 24580 SH DEFINED 0 0 24580
CUC INTERNATIONAL INC CSN 3.00% 02-15-20126545AD4 283 310000 SH DEFINED 0 0 310000
CVS CORP TR AUTOMATIC COM EX 6.0% / $4.23 (TRA126645209 678 8340 SH DEFINED 0 0 8340
CALPINE CORP CVT PFD TIDES 5.75% / $2.875 11131346207 34828 194840 SH DEFINED 0 0 194840
CALPINE CORP CVT PFD TIDES II 5.5% / $2.75 2/0113134E309 2415 22970 SH DEFINED 0 0 22970
CALPINE CVT PFD TIDES III 144A 5.00%/$2.50 8/01/13134R201 27981 415300 SH DEFINED 0 0 415300
CANADIAN NATL RAILWAY CVT PFD 5.25% / $2.625 136375409 1188 26615 SH DEFINED 0 0 26615
CELESTICA INC CSN 0.000% 08-01-215101QAA6 29120 59733000 SH DEFINED 0 0 59733000
CENTOCOR INC CSN 144A 4.750% 02-15-2152342AC5 18592 14625000 SH DEFINED 0 0 14625000
CENTOCOR / JNJ INC CSN 4.750% 02-15-2152342AE1 50081 39395000 SH DEFINED 0 0 39395000
CHECKFREE HLDGS CSN 144A 6.500% 12-01-2162816AA0 9574 10910000 SH DEFINED 0 0 10910000
CITIGROUP INC COM 172967101 289 5344 SH DEFINED 0 0 5344
CLEAR CHANNEL COMM INC CSN 2.625% 04-01-2184502AB8 10599 9702000 SH DEFINED 0 0 9702000
CLEAR CHANNEL COMM CSN 1.500% 12-01-2184502AE2 24842 26856000 SH DEFINED 0 0 26856000
COMVERSE TECH INC COM 205862402 266 2466 SH DEFINED 0 0 2466
COMVERSE TECH INC CSN 144A 4.500% 07-01-2205862AF2 22256 4417000 SH DEFINED 0 0 4417000
CONEXANT SYSTEMS INC CSN 4.250% 05-01-2207142AB6 16288 8500000 SH DEFINED 0 0 8500000
CONEXANT SYSTEMS CSN 4.000% 02-01-2207142AF7 882 1236000 SH DEFINED 0 0 1236000
CORR THERAPEUTICS CSN 144A 5.000% 03-01-2217753AC6 21118 10730000 SH DEFINED 0 0 10730000
CORR THERAPEUTICS CSN 5.000% 03-01-2217753AD4 1220 620000 SH DEFINED 0 0 620000
COSTCO COMPANIES INC CSN 144A 0.00% 08-19-2022160QAA0 10038 11915000 SH DEFINED 0 0 11915000
COSTCO COMPANIES INC CSN 0.00% 08-19-2022160QAC6 13301 15787000 SH DEFINED 0 0 15787000
COX COMMUNICATIONS CVT PRIDES 7.00% / $3.50 08/224044305 11813 220795 SH DEFINED 0 0 220795
COX/EXCH PCS CVT DEB (PRIZES) 7.75% 11/15/2029224044503 876 12000 SH DEFINED 0 0 12000
CREGEM /ING FINANCE CSN EURO 2.750% 01-06-2225301AAT 9601 7905000 SH DEFINED 0 0 7905000
CREDIT SUISSE/MICROSOFT NOTES 1.000% 04-08-22254C0AM9 4379 5300000 SH DEFINED 0 0 5300000
CREDIT SUISSE / MERCK EXCH CVT 1.000% 01-19-22254C0AS6 4596 4750000 SH DEFINED 0 0 4750000
CREDIT SUISSE / EXCH INTEL CVT 1.000% 09-05-22254C0BD8 7891 10700000 SH DEFINED 0 0 10700000
CRITICAL PATH CSN 144A 5.750% 04-01-222674VAA8 12676 14405000 SH DEFINED 0 0 14405000
CYPRESS SEMICONDUCTORS CSN 4.000% 02-01-2232806AE9 1161 1023000 SH DEFINED 0 0 1023000
DEUTSCHE BANK/DISNEY EXCH CVTS 1.000% 01-14-225153EBG5 9534 9570000 SH DEFINED 0 0 9570000
DEVON ENERGY CORP CVT SUB NTS 4.900% 08-15-225179MAA1 330 346000 SH DEFINED 0 0 346000
DEVON ENERGY CORP CVT SR DEB 4.950% 08-15-225179MAB9 9264 9650000 SH DEFINED 0 0 9650000
DIAMOND OFFSHORE CSN 3.750% 02-15-225271CAA0 29294 26097000 SH DEFINED 0 0 26097000
DIGITAL ISLAND CVT SUB NOTES 6.000% 02-15-225385NAA9 5788 9957000 SH DEFINED 0 0 9957000
EMC CORPORATION MASS COM 268648102 1515 15282 SH DEFINED 0 0 15232
EVI / WEATHERFORD INTL CSD 5.00% 11/01/2027 268939402 27745 585655 SH DEFINED 0 0 585655
ECHOSTAR COMM CSN 4.875% 01-01-2278762AD1 23641 17910000 SH DEFINED 0 0 17910000
EFFICIENT NETWORKS CSN 144A 5.000% 03-15-2282056AA8 6158 9660000 SH DEFINED 0 0 9660000
EL PASO ENERGY CAP CVT PFD 4.75% / $2.375 283678209 28091 359560 SH DEFINED 0 0 359560
ELAN FINANCE CORP CVT LYON 0.000% 12-14-2284129AC7 20534 25508000 SH DEFINED 0 0 25508000
ENRON CORP EXCH/(EOG) NOTES 7.00% / $1.5575 D293561882 34563 971890 SH DEFINED 0 0 971890
ENRON CORP NW EXCH TR SEC 144A 3.50% 9/1/2004 29356PAA1 3113 800000 SH DEFINED 0 0 800000
SALOMON/EX CERT (TEL) CVT 144A 0.250% 07-17-230149TAB1 2705 2725000 SH DEFINED 0 0 2725000
EXODUS COMM CVT SUB NOTES 4.750% 07-15-2302088AJ8 1893 1235000 SH DEFINED 0 0 1235000
FINISAR CORPORATION COM 31787A101 1112 22985 SH DEFINED 0 0 22985
GENZYME CORPORATION CSN 5.250% 06-01-2372917AF1 19234 10411000 SH DEFINED 0 0 10411000
GETTY IMAGES CSN 144A 5.000% 03-15-2374276AD5 6422 8300000 SH DEFINED 0 0 8300000
GETTY IMAGES CSN 5.000% 03-15-2374276AE3 5262 6800000 SH DEFINED 0 0 6800000
GOLDMAN SACHS/GSTI INTERNT IDX 0.000% 11-24-238141GAE4 3271 3525000 SH DEFINED 0 0 3525000
GOLDMAN SACHS/EMC EXCH NTS 0.250% 03-22-238141GAM6 13839 10185000 SH DEFINED 0 0 10185000
GOLDMAN SACHS/ENRON EXCH 1.000% 05-25-238141GAP9 19661 18680000 SH DEFINED 0 0 18680000
HNC SOFTWARE CSN 4.750% 03-01-240425PAA5 7959 4425000 SH DEFINED 0 0 4425000
HEALTH MGMT ASSOC CSN 144A 0.250% 08-16-2421933AA0 2360 3250000 SH DEFINED 0 0 3250000
HEWLETT PACKARD CO CVT LYON 0.000% 10-14-2428236AC7 8472 11675000 SH DEFINED 0 0 11675000
HOME DEPOT INC COM 437076102 218 4112 SH DEFINED 0 0 4112
HUMAN GENOME CSN 3.750% 03-15-2444903AH1 2567 2660000 SH DEFINED 0 0 2660000
IBM CREDIT CORP/INDU EXCH EURO 2.000% 02-04-2449200AET 11300 10000000 SH DEFINED 0 0 10000000
IMCLONE SYSTEMS CSN 144A 5.500% 03-01-245245WAA7 27637 22630000 SH DEFINED 0 0 22630000
IMCLONE SYSTEMS CSN 5.500% 03-01-245245WAD1 2333 1910000 SH DEFINED 0 0 1910000
INHALE THERAPEUTICS CSN 144A 5.000% 02-08-2457191AD6 19424 12245000 SH DEFINED 0 0 12245000
INHALE THERAPEUTICS CSN 5.000% 02-08-2457191AF1 238 150000 SH DEFINED 0 0 150000
INTEL CORP COM 458140100 22976 552816 SH DEFINED 0 0 552816
INTERNATIONAL RECT CSN 144A 4.250% 07-15-2460254AD7 31833 34790000 SH DEFINED 0 0 34790000
INTERPUBLIC GROUP CVT OID 144A 1.800% 09-16-2460690AD2 2189 2200000 SH DEFINED 0 0 2200000
INTERPUBLIC GROUP CVT OID 1.800% 09-16-2460690AF7 9617 9665000 SH DEFINED 0 0 9665000
INTERPUBLIC GROUP CSN OID 144A 1.870% 06-01-2460690AG5 1560 1755000 SH DEFINED 0 0 1755000
INTERPUBLIC GROUP CVT OID 1.870% 06-01-2460690AJ9 9798 11025000 SH DEFINED 0 0 11025000
I2 TECHNOLOGIES INC CSN 5.250% 12-15-2465754AF6 43929 17068000 SH DEFINED 0 0 17068000
JARDINE MATHESON/EXCH CMB 144A 4.750% 09-06-246621WAA9 14934 14605000 SH DEFINED 0 0 14605000
JACOR COMM / (CCU) CVT LYONS 0.00% 02-09-20469858AB0 3221 6300000 SH DEFINED 0 0 6300000
JUNIPER NETWORKS CSN 4.750% 03-15-248203RAA2 50220 33094000 SH DEFINED 0 0 33094000
KN ENERGY INCORPORATED PEPS 8.250% / $3.547 1482620507 3522 63755 SH DEFINED 0 0 63755
KAUFMAN & BROAD HOME CORP CVT 8.25% / $0.825 PR486168503 3375 397000 SH DEFINED 0 0 397000
KERR MCGEE / DEVON ENERGY EXCH 5.50% / $1.8253 0492386305 25541 469715 SH DEFINED 0 0 469715
KERR-MCGEE CORP CVT SUB DEB 5.250% 02-15-2492386AP2 47867 38351000 SH DEFINED 0 0 38351000
KULICKE & SOFFA CSN 144A 4.750% 12-15-200501242AC5 1997 2360000 SH DEFINED 0 0 2360000
KULICKE & SOFFA CVT SUB NOTES 4.750% 12-15-2501242AE1 19840 23445000 SH DEFINED 0 0 23445000
LSI LOGIC CVT SUB NOTES 4.000% 02-15-2502161AE2 12719 15775000 SH DEFINED 0 0 15775000
LAMAR ADVERTISING CO CSD 5.250% 09-15-2512815AF8 1034 1038000 SH DEFINED 0 0 1038000
LATTICE SEMICONDUCTOR CSN 4.750% 11-01-2518415AC8 2035 1405000 SH DEFINED 0 0 1405000
ESTEE LAUDER CO ACES TST II 6.25% / $5.406 02518438205 11395 160495 SH DEFINED 0 0 160495
LEADING BRANDS INC COM 52170U108 975 600000 SH DEFINED 0 0 600000
LEHMAN BROS HLDG CVT PFD 5.00% / $1.955 SE524908506 5621 115000 SH DEFINED 0 0 115000
LEHMAN BROS / TEN UNCOMMON CVT 0.000% 07-06-2524908CA6 5300 5060000 SH DEFINED 0 0 5060000
LEHMAN BROS HLDGS/ JP EQT EXCH 0.250% 08-31-2524908CD0 8174 8650000 SH DEFINED 0 0 8650000
LEHMAN BROS/BIOTECH BSKT EXCH 0.250% 02-24-2524908CH1 7611 8480000 SH DEFINED 0 0 8480000
LEVEL 3 COMMUNICATIONS CSN 6.000% 09-15-252729NAG5 5762 4280000 SH DEFINED 0 0 4280000
LEVEL 3 COMM CVT SUB NOTES 6.000% 03-15-252729NAS9 6362 7518000 SH DEFINED 0 0 7518000
LIBERTY MEDIA / PCS EXCH 144A CSN 4.00% 11-15-2530715AF8 4813 5110000 SH DEFINED 0 0 5110000
LIBERTY MEDIA / PCS EXCH NTS 4.000% 11-15-2530715AG6 6480 6880000 SH DEFINED 0 0 6880000
LINCOLN NATIONAL CORP F PRIDES 7.75% / $1.9375 0534187604 13649 574680 SH DEFINED 0 0 574680
MRV COMMUNICATIONS INC CSN 5.000% 06-15-2553477AB6 3183 950000 SH DEFINED 0 0 950000
MALLON RESOURCES CORP NEW COM 561240201 1434 229425 SH DEFINED 0 0 249425
MEDIAONE GROUP/VOD CVT (PIES) 6.25% / $3.632 0858440J401 4299 51600 SH DEFINED 0 0 51600
MEDIAONE GROUP/VOD II CVT PIES 7.00% / $3.0408 158440J500 13044 350175 SH DEFINED 0 0 350175
MERCURY INTERACTIVE CSN 144A 4.750% 07-01-2589405AA7 3678 2375000 SH DEFINED 0 0 2375000
MERRILL LYNCH / TWX CVT 0.250% 05-10-2590188JV1 1642 1535000 SH DEFINED 0 0 1535000
MERRILL LYNCH / PHARM BKT CVT 0.250% 04-27-259018S2T0 24182 15870000 SH DEFINED 0 0 15870000
METLIFE INC CVT ACES 8.00% / $4.00 05/59156R207 69657 836725 SH DEFINED 0 0 836725
MILLENNIUM PHARM CSN 144A 5.500% 01-15-2599902AA1 3622 1915000 SH DEFINED 0 0 1915000
MILLENNIUM PHARM CSN 5.500% 01-15-2599902AB9 11900 6292000 SH DEFINED 0 0 6292000
MONSANTO COMPANY CVT ACES 6.50% / $2.60 11/611662305 7774 148425 SH DEFINED 0 0 148425
MSDW MID CAP EQUITY TR FUND 616989208 297 7000 SH DEFINED 0 0 7000
MORGAN STANLEY / SUNW (PERQS) 6.00% / $0.3912 0617446240 179 16600 SH DEFINED 0 0 16600
MORGAN STANLEY DEAN WITTER DISCOVER & CO 617446448 320 3500 SH DEFINED 0 0 3500
MORGAN STANLEY / SUNW CSN 0.000% 05-30-2617446DJ5 7481 2625000 SH DEFINED 0 0 2625000
MORGAN STANLEY / CISCO EX NTS 0.000% 06-05-2617446DK2 11136 6775000 SH DEFINED 0 0 6775000
MORGAN STANLEY / FINC BSKT 2.000% 03-30-2617446DT3 16002 15350000 SH DEFINED 0 0 15350000
MORGAN STANLEY / CHINA MOBILE 0.250% 07-30-2617446DZ9 8725 10600000 SH DEFINED 0 0 10600000
MSDW COMPETITIVE EDGE / B FUND 61746A116 125 10020 SH DEFINED 0 0 10020
MOTOROLA INC CVT NOTE 0.000% 09-27-2620076AJ8 9044 9135000 SH DEFINED 0 0 9135000
NABORS INDS INC CSN 144A 0.000% 06-20-2629568AC0 15436 22250000 SH DEFINED 0 0 22250000
NABORS INDS INC CSN 0.000% 06-20-2629568AD8 4381 6315000 SH DEFINED 0 0 6315000
NEORX CORP COM 640520300 1502 61310 SH DEFINED 0 0 61310
NEWFIELD FIN TRT CVT QUIPS 6.50% / $3.25 651291205 383 5465 SH DEFINED 0 0 5465
NEWS AMERICA HLDGS CVT 0.000% 03-11-2652478AS7 6798 6033000 SH DEFINED 0 0 6033000
NEXTEL COMM CVT SR NOTES 5.250% 01-15-265332VAY9 6668 7113000 SH DEFINED 0 0 7113000
NISOURCE CAP TRUST (PIES) 7.75% / $3.875 0265473P303 7920 165000 SH DEFINED 0 0 165000
OAK/CORNING INDUSTRIES CSN 4.875% 03-01-2671400AL3 71701 11234000 SH DEFINED 0 0 11234000
OMNICOM GROUP CSN 4.250% 01-03-2681919AE6 1161 500000 SH DEFINED 0 0 500000
OMNICOM GROUP CSD 144A 2.250% 01-06-2681919AF3 734 475000 SH DEFINED 0 0 475000
OMNICOM GROUP CSD 2.250% 01-06-2681919AG1 38101 24641000 SH DEFINED 0 0 24641000
ONLINE RSRCS & COMM CSN 144A 8.000% 09-30-268273GAA9 3000 3000000 SH DEFINED 0 0 3000000
ORACLE CORP COM 68389X105 209 2650 SH DEFINED 0 0 2650
PYR ENERGY CORP COM 693677106 2842 494250 SH DEFINED 0 0 494250
PARKER DRILLING CO CSN 5.50% 08-01-20701081AD3 491 577000 SH DEFINED 0 0 577000
PERKINELMER CSN 0.000% 08-07-2714046AA7 65840 96824000 SH DEFINED 0 0 96824000
PFIZER INC COM 717081103 227 5050 SH DEFINED 0 0 5050
PROTECTIVE LIFE CO CAP TST II 6.5% / $3.25 02/1743674202 2248 45405 SH DEFINED 0 0 45405
PROTEIN DESIGN LABS CSN 144A 5.500% 02-15-274369LAA1 6996 3995000 SH DEFINED 0 0 3995000
PROTEIN DESIGN LABS CSN 5.500% 02-15-274369LAB9 18274 10435000 SH DEFINED 0 0 10435000
PROVIDIAN FINANCIAL CORP CSN 3.250% 08-15-274406AAA0 46078 41187000 SH DEFINED 0 0 41187000
RF MICRO DEVICES CSN 144A 3.750% 08-15-2749941AA8 16595 17940000 SH DEFINED 0 0 17940000
RADISYS CORP CVT SUB NTS 144A 5.500% 08-15-2750459AA7 2198 2275000 SH DEFINED 0 0 2275000
RATIONAL SOFTWARE CORP CMN COM 75409P202 1202 17330 SH DEFINED 0 0 17330
RATIONAL SOFTWARE CSN 144A 5.000% 02-01-275409PAA1 50476 24355000 SH DEFINED 0 0 24355000
RATIONAL SOFTWARE CSN 5.000% 02-01-275409PAC7 2104 1015000 SH DEFINED 0 0 1015000
REDBACK NETWORKS CSN 144A 5.000% 04-01-2757209AA9 20024 18040000 SH DEFINED 0 0 18040000
RELIANT ENERGY / TWX CVT ZENS 2% 9/15/2029 75952J207 26544 347545 SH DEFINED 0 0 347545
ROCHE HLDGS/EXC DNA LYONS 144A 0.000% 01-19-2771196AG7 15171 15990000 SH DEFINED 0 0 15990000
SCI SYSTEMS CSN 3.000% 03-15-2783890AF3 37590 37423000 SH DEFINED 0 0 37423000
SALOMON SMITH BARNEY/TELE BSKT 0.250% 09-13-279548EFG2 27554 27623000 SH DEFINED 0 0 27623000
SALOMON/EX CERT (GE) CVT EURO 1.250% 04-28-279549B46T 6780 6000000 SH DEFINED 0 0 6000000
SALOMON/EX CERT (BMY) CVT EURO 1.250% 08-06-279549B47T 2094 2500000 SH DEFINED 0 0 2500000
SALOMON SMITH BARNEY HLD DEC C 6.25% / $3.48437579549B867 11640 109300 SH DEFINED 0 0 109300
SALOMON SMITH BARNEY/TECH BSKT 0.250% 04-18-279549BEQ6 9554 9675000 SH DEFINED 0 0 9675000
SALOMON/EX CERT(INTC) CVT EURO 0.250% 04-12-27954W1SST 2580 3215000 SH DEFINED 0 0 3215000
SANMINA CORPORATION CSN 144A 4.250% 05-01-2800907AA5 35415 15890000 SH DEFINED 0 0 15890000
SANMINA CORP CSN 4.250% 05-01-2800907AB3 1660 745000 SH DEFINED 0 0 745000
SEACOR SMIT INC COM 811904101 1286 27590 SH DEFINED 0 0 27590
SEACOR HOLDINGS INC CSN 5.375% 11-15-2811904AE1 7183 6500000 SH DEFINED 0 0 6500000
SEPRACOR INCORPORATED CSD 144A 6.250% 02-15-2817315AC8 21502 4145000 SH DEFINED 0 0 4145000
SEPRACOR INCORPORATED CSD 6.250% 02-15-2817315AE4 4747 915000 SH DEFINED 0 0 915000
SEPRACOR INCORPORATED CSN 144A 7.000% 12-15-2817315AF1 2258 1100000 SH DEFINED 0 0 1100000
SEPRACOR INCORPORATED CSN 7.000% 12-15-2817315AH7 7022 3421000 SH DEFINED 0 0 3421000
SEPRACOR INC CSN 144A 5.000% 02-15-2817315AJ3 1280 855000 SH DEFINED 0 0 855000
SIEBEL SYSTEMS INC CSN 144A 5.500% 09-15-2826170AA0 16651 3435000 SH DEFINED 0 0 3435000
SIEBEL SYSTEMS CSN 5.500% 09-15-2826170AC6 7266 1499000 SH DEFINED 0 0 1499000
SOLECTRON CORP CSD LYON 144A 0.000% 01-27-2834182AG2 7072 9605000 SH DEFINED 0 0 9605000
SOLECTRON CORP CSD LYON 0.000% 01-27-2834182AJ6 4723 6415000 SH DEFINED 0 0 6415000
SOLECTRON CORP CSD LYON (II) 0.000% 05-08-2834182AK3 33924 50633000 SH DEFINED 0 0 50633000
SOVEREIGN CAPITAL TRUST CVT 7.5% / $3.75 PIER845905306 5923 103000 SH DEFINED 0 0 103000
SUIZA CAPITAL TRUST CVT PFD 5.50% / $2.75 86507G408 4000 100000 SH DEFINED 0 0 100000
SUN MICROSYSTEMS INC COM 866810104 417 3575 SH DEFINED 0 0 3575
SWISS LIFE FN/ROYAL DUTCH 144A 2.000% 05-20-2870883AB1 2284 2250000 SH DEFINED 0 0 2250000
SYCAMORE NETWORKS INC COM 871206108 535 4950 SH DEFINED 0 0 4950
TCI PACIFIC COMM CVT PFD 5.00% / $5.00 872294202 264 1500 SH DEFINED 0 0 1500
TXU CORP CVT (PRIDE) 9.25% / $4.625 8/873168207 20329 435430 SH DEFINED 0 0 435430
TEKELEC CSN O.I.D. 144A 3.250% 11-02-2879101AA1 2744 1420000 SH DEFINED 0 0 1420000
TELEFONOS DE MEXICO CSD 4.250% 06-15-2879403AD5 1644 1311000 SH DEFINED 0 0 1311000
TEXACO CAPITAL CVT NOTE EURO 3.500% 08-05-2881694ACT 1283 1350000 SH DEFINED 0 0 1350000
TIME WARNER INC COM 887315109 1071 13687 SH DEFINED 0 0 13687
TOSCO FINANCING TRUST CVT PFD 5.75% / $2.875 891491409 6352 124235 SH DEFINED 0 0 124235
FROLEY REVY CVT SECS FND FUND 892880600 5626 540938 SH DEFINED 0 0 540938
TRANSOCEAN SEDCO(RIG) CSN 0.000% 05-24-2893830AA7 9290 14805000 SH DEFINED 0 0 14805000
TRANSWITCH CORP CSN 144A 4.500% 09-12-2894065AA9 31973 26100000 SH DEFINED 0 0 26100000
TRIBUNE COMPANY / AOL (PHONES) 2.000% 05-15-2896047305 24253 204665 SH DEFINED 0 0 204665
TRIKON TECHNOLOGIES INC (NEW) COM 896187408 1893 134000 SH DEFINED 0 0 134000
TRIQUINT SEMICONDUCTORS 144A 4.000% 03-01-289674KAA1 13339 16965000 SH DEFINED 0 0 16965000
TRIQUINT SEMICONDUCTORS CSN 4.000% 03-01-289674KAB9 197 250000 SH DEFINED 0 0 250000
ULTRAMAR DIAMOND SHAMROCK COM 904000106 531 20925 SH DEFINED 0 0 20925
UNITED PARCEL SERV CVT SR NTS 1.750% 09-27-2911312AB2 20550 20000000 SH DEFINED 0 0 20000000
UNIVERSAL HLTH SRVCS CSN 144A 0.426% 06-23-2913903AJ9 1381 2500000 SH DEFINED 0 0 2500000
UNOCAL CORP CVT PFD 6.25% / $3.125 91528T207 15006 310200 SH DEFINED 0 0 310200
VALERO ENERGY CVT PEPS 7.75% / $1.9375 891821D107 32110 1093100 SH DEFINED 0 0 1093100
VERITAS SOFTWARE CSN OID 1.856% 08-13-292343RAA1 24826 6195000 SH DEFINED 0 0 6195000
VITESSE SEMICOND CSN 144A 4.000% 03-15-2928497AA4 37435 35995000 SH DEFINED 0 0 35995000
VITESSE SEMICOND CSN 4.000% 03-15-2928497AB2 840 810000 SH DEFINED 0 0 810000
VODAFONE / AIRTOUCH PLC LN LONDON EXCHANGE (92857TCCT 762 223360 SH DEFINED 0 0 223360
WEATHERFORD INTL CSN 0.000% 06-30-2947074AB6 1094 1919000 SH DEFINED 0 0 1919000
WHOLE FOODS MARKET CSN 0.000% 03-02-2966837AC0 5886 14900000 SH DEFINED 0 0 14900000
WILLIAMS COMM CVT PFD 144A 6.75% / $3.3750 969455203 10898 260000 SH DEFINED 0 0 260000
WIND RIVER SYSTEMS CSN 144A 5.00% 08-01-20973149AA5 1505 1015000 SH DEFINED 0 0 1015000
WIND RIVER SYSTEMS CSN 5.00% 08-01-20973149AC1 26265 17717000 SH DEFINED 0 0 17717000
WORLDCOM INC COM 98157D106 3114 102525 SH DEFINED 0 0 102525
YOUNG & RUBICAM CSN 144A 3.000% 01-15-2987425AA3 1734 1765000 SH DEFINED 0 0 1765000
GLOBAL CROSSING CVT PFD (III) 6.75% / $16.875 G3921A134 9047 36445 SH DEFINED 0 0 36445
GLOBAL CROSSING CVT PFD 7.00% / $17.50 G3921A142 2054 10425 SH DEFINED 0 0 10425
</TABLE>
