UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b)(c)AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
LTV CORP
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
501921100
(CUSIP Number)
DKR Management Company Inc.
(formerly known as AIG International Management Company, Inc.)
1281 East Main Street
Stamford, Connecticut 06902
(203) 324-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 20, 2000
(Initial beneficial ownership over 5%)
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which
this Schedule is filed:
X Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
The information required in the remainder of this cover page shall be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other
provisions of the Act.
CUSIP No. 501921100
1. Name of Reporting Person I.R.S. Identification Nos. of Above
Persons (entities only)
DKR Management Company Inc.
(formerly known as AIG International Management Company, Inc. )
IRS Identification Number
22-3095881
2. Check the Appropriate Box If A Member Of A Group
(See Instructions)
(a)
(b)
3. SEC Use Only
4. Citizen Or Place Of Organization: Delaware
Number of Shares 5. Sole Voting Power 547,450 shares of preferred
security convertible into 7,448,057 shares of common
stock
Beneficially
Owned by 6. Shared Voting Power 0
Each
Reporting 7. Sole Dispositive Power 547,450 shares of
preferred security 7,488,057 shares of
convertible into common stock
Person
With 8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person
547,450 shares of preferred security convertible into
7,448,057 shares of common stock
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instruction)
11. Percent of Class Represented by Amount in Row 9
6.9% of Common Stock
12. Type of Reporting Person (See Instructions) CO
Item 1: Security and Issuer
1(a) Name of Issuer
LTV Corp (the "Issuer")
1(b) Address of Issuer's Principal Executive Offices
200 Public Square
Cleveland, OH 44114-2308
United States
Item 2: Identity and Background
2(a) Name of person Filing:
DKR Management Company Inc.
(formerly known as AIG International Management Company, Inc. )
2(b) Address of Principal Business Office or, if none, Residence:
The address of the reporting person is:
1281 East Main Street, Stamford, CT 06902
2(c) Citizenship/ Corporation organized
Delaware, USA
2(d) Title of Class of Security
Common Stock
2(e) Cusip Number
501921100
Item 3: If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), the person filing is a: e - Registered IA
a. Broker or Dealer registered under Section 15 of the Act,
b. Bank as defined in Section 3(a)(6) of the Act,
c. Insurance Company as defined in Section 3(a)(19) of the Act,
d. Investment Company registered under Section 8 of the Investment
Company Act,
e. Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
f. Employee Benefit Plan, or Endowment Fund in accordance with
Rule 13d-1(b)(ii)(F),
g. Parent Holding Company or Control Person, in accordance with
Rule 13d-1(b)(ii)(G); (Note: see Item 7)
h. A saving association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
i. A church plan that is excluded form the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940;
j. Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4: Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in
Item 1:
4(a) Amount Beneficially Owned
As of December 29,2000, an aggregate of 547,450 shares of preferred
security convertible into 7,448,057 shares of common stock were
beneficially owned by DKR Management Company Inc.
("DKRMCI")(formerly known as AIG International Management
Company, Inc. )as an investment manager. DKRMCI disclaims beneficial
ownership of the holdings reported herein.
4(b) Percent of Class
6.9%
4(c) Number of shares as to which the person has
(i) Sole Power to vote or to direct the vote
547,450 shares of preferred security convertible into 7,448,057
shares of common stock
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
547,450 shares of preferred security convertible into 7,448,057
shares of common stock
(iv) Shared power to dispose or to direct the disposition of
0
Instruction:
For computation regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
Item 5: Ownership of Five Percent or less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following
Instruction: Dissolution of a group requires a response to
this item.
Item 6: Ownership of More than Five percent on Behalf of
Another Person.
DKR Management Company Inc. (formerly known as AIG International
Management Company, Inc. ) ("DKRMCI") a registered investment
adviser, has entered into an Advisory Services Agreement with Basso
Securities Ltd. to act as the portfolio manager to certain funds
managed by DKRMCI.
As such, DKRMCI, the investment manager to the funds and Basso
Securities Ltd. (has already filed Form 13G) (has already filed
Form 13G), each has more than five percent interest in the security
and has the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such security.
Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the
relevant subsidiary. If a parent holding company has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Not Applicable
Item 8: Identification and Classification of Members of
the Group.
If a group his filed this schedule pursuant to Rule 13d-1(b)(ii)(H),
so indicate under item 3(h) and attach an exhibit stating the
identity and Item 3 classification of each member of the group.
If a group has filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identity of each member of the group.
Not Applicable
Item 9: Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will be
filed, if required, by members of he group, in their individual
capacity. See item 5.
Not Applicable
Item 10: Certification
The following certification shall be included if the statement
is filed pursuant to Rule 13D-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date: January 8, 2001
/s/ Barbara Burger
Signature
Barbara Burger
Vice President & Counsel
The percentage was calculated by dividing 7,448,057.250 shares which
the preferred securities held by DKR Management Company Inc.
(formerly known as AIG International Management Company, Inc. )
would be exercisable (convertible) into by 107,251.057.3 (which
represents the sum of 99,803,000 shares (outstanding based on the
latest information provided by Bloomberg) and 7,448,057.25 shares
(representing the number of shares that would be held by Basso
Securities upon the exercise of the preferred security)).
