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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: SEPTEMBER 30TH 1999
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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: ARNHOLD AND S. BLEICHROEDER, INC.
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Address: 1345 Avenue of the Americas
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New York, N.Y. 10105-4300
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Form 13F File Number: 028-01051
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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: William Casciani
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Title: Sr Vice President
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Phone: 212-698-3240
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Signature, Place, and Date of Signing:
/s/ William Casciani New York, New York October 25th 1999
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
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<TABLE>
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D AFC CABLE SYSTEMS INC COM 000950105 8993 211600 SH SOLE 211600 0 0
D AT & T CORP COM 001957109 7501 172442 SH SOLE 172442 0 0
D AT&T CORP LIBERTY MEDIA GROUP COM LIB GRP A 001957208 190984 5144348 SH SOLE 5144348 0 0
D AXA FINANCIAL INC (AXF) COM 002451102 9460 169500 SH SOLE 169500 0 0
D ABITIBI CONSOLDATED INC COM 003924107 362 30000 SH SOLE 30000 0 0
D ADFORCE INC COM 006867105 5481 216000 SH SOLE 216000 0 0
D ADVANCED TISSUE SCIENCES COM 00755F103 77 25000 SH SOLE 25000 0 0
D AIRGAS INC. COM 009363102 721 62000 SH SOLE 62000 0 0
D ALLEGHANY CORP NEW COM 017175100 498 2815 SH SOLE 2815 0 0
D ALLIED SIGNAL INC COM 019512102 55195 920872 SH SOLE 920872 0 0
D ALLMERICA FINANCIAL CORP. COM 019754100 235 4943 SH SOLE 4943 0 0
D ALZA CORP. COM 022615108 16573 387100 SH SOLE 387100 0 0
D AMERICA ONLINE INC COM 02364J104 19531 187800 SH SOLE 187800 0 0
D AMERICAN EXPRESS CO COM 025816109 56408 419000 SH SOLE 419000 0 0
D AMERICAN HERITAGE LIFE INVESTM COM 026522102 8576 270100 SH SOLE 270100 0 0
D AMERICAN INTERNATIONAL GROUP COM 026874107 49126 565075 SH SOLE 565075 0 0
D AMERITECH CORPORATION COM 030954101 31478 468500 SH SOLE 468500 0 0
D AMGEN COM 031162100 16862 206900 SH SOLE 206900 0 0
D AON CORP COM 037389103 3491 118075 SH SOLE 118075 0 0
D APTAR GROUP INC COM 038336103 2656 99301 SH SOLE 99301 0 0
D ARCHER-DANIELS-MIDLAND CO COM 039483102 1664 136500 SH SOLE 136500 0 0
D ATLANTIC RICHFIELD CO COM 048825103 11964 135000 SH SOLE 135000 0 0
D BALL CORP. COM 058498106 16325 370500 SH SOLE 370500 0 0
D BANK OF NEW YORK CO INC COM 064057102 268 8000 SH SOLE 8000 0 0
D BANK TOKYO - MITSUBISHI LTD A SPONSORED ADR 065379109 490 32000 SH SOLE 32000 0 0
D BANKBOSTON CORPORATION COM 06605R106 18898 435680 SH SOLE 435680 0 0
D BAUSCH & LOMB INC COM 071707103 13959 211700 SH SOLE 211700 0 0
D BAXTER INTERNATIONAL INC COM 071813109 56051 930300 SH SOLE 930300 0 0
D BECTON DICKINSON & CO COM 075887109 10633 378900 SH SOLE 378900 0 0
D BECTON DICKINSON & CO. COM 075887109 27044 963700 SH SOLE 963700 0 0
D BED BATH & BEYOND INC COM 075896100 2903 83100 SH SOLE 83100 0 0
D BELL ATLANTIC CORP COM 077853109 20497 304500 SH SOLE 304500 0 0
D BOITRANSPLANT INC COM 09066Y107 64 10000 SH SOLE 10000 0 0
D BLOCK, H&R INC COM 093671105 954 21952 SH SOLE 21952 0 0
D BLUEGREEN CORP COM 096231105 285 60000 SH SOLE 60000 0 0
D BOWATER INC COM 102183100 525 10000 SH SOLE 10000 0 0
D BRISTOL MYERS SQUIBB CO COM 110122108 2297 34024 SH SOLE 34024 0 0
D CBS CORP COM 12490K107 47124 1018900 SH SOLE 1018900 0 0
D CIGNA CORP COM 125509109 2760 35500 SH SOLE 35500 0 0
D CIT GROUP INC "A" CL A 125577106 8094 393600 SH SOLE 393600 0 0
D CABLEVISION SYSTEMS CL 'A' CL A 12686C109 12287 168900 SH SOLE 168900 0 0
D CABLETRON SYSTEM INC COM COM 126920107 4040 257500 SH SOLE 257500 0 0
D CAMBREX CORP COM 132011107 6921 261800 SH SOLE 261800 0 0
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D CAPSTEAD MORTGAGE CORP COM 14067E100 300 75000 SH SOLE 75000 0 0
D CENTEX CORP COM 152312104 237 8000 SH SOLE 8000 0 0
D CENTOCOR INC COM 152342101 15812 270000 SH SOLE 270000 0 0
D CENTRAL PACIFIC MINERALS ADR 154762306 201 20000 SH SOLE 20000 0 0
D CHASE MANHATTAN CORP (NEW) COM 16161A108 5638 74800 SH SOLE 74800 0 0
D CHITTENDEN CORP COM 170228100 2745 96318 SH SOLE 96318 0 0
D CITIGROUP COM 172967101 51818 1177679 SH SOLE 1177679 0 0
D CLEAR CHANNEL COMM INC COM 184502102 35017 438400 SH SOLE 438400 0 0
D COCA COLA BOTTLING CO. COM 191098102 993 17700 SH SOLE 17700 0 0
D COCA COLA CO. COM 191216100 860 17900 SH SOLE 17900 0 0
D COCA COLA ENTERPRISES INC COM 191219104 58364 2586700 SH SOLE 2586700 0 0
D COFLEXIP SPON ADR SPONSORED ADR 192384105 478 10000 SH SOLE 10000 0 0
D COLUMBIA ENERGY GROUP COM 197648108 4984 90000 SH SOLE 90000 0 0
D COMCAST CORP CL A SPECIAL CL A SPL 200300200 50883 1276060 SH SOLE 1276060 0 0
D COMDISCO INC COM 200336105 11706 606100 SH SOLE 606100 0 0
D COMPUTER ASSOCIATES INTL INC COM 204912109 27336 446300 SH SOLE 446300 0 0
D COMSAT CORP COM SER 1 20564D107 2480 83728 SH SOLE 83728 0 0
D CONAGRA INC COM 205887102 1195 52982 SH SOLE 52982 0 0
D CONVERGYS CORP COM 212485106 8357 421800 SH SOLE 421800 0 0
D COORS ADOLPH CO CL B CL B 217016104 1012 18700 SH SOLE 18700 0 0
D CRANE CO. COM 224399105 1212 54000 SH SOLE 54000 0 0
D CROWN CORK & SEAL CO INC COM 228255105 218 9000 SH SOLE 9000 0 0
D DATA GENERAL CORP COM 237688106 5308 252000 SH SOLE 252000 0 0
D DEERE & CO. COM 244199105 484 12500 SH SOLE 12500 0 0
D DELPHI AUTOMOTIVE SYS CORP COM 247126105 2576 157000 SH SOLE 157000 0 0
D DELTIC TIMBER CORP COM 247850100 235 10342 SH SOLE 10342 0 0
D DIACRIN INC COM 25243N103 159 30000 SH SOLE 30000 0 0
D DIAMOND OFFSHORE DRILLING INC COM 25271C102 2003 60000 SH SOLE 60000 0 0
D DOLE FOOD COMPANY INC COM 256605106 360 18950 SH SOLE 18950 0 0
D DOLLAR TREE STORES INC COM 256747106 15939 399100 SH SOLE 399100 0 0
D DU PONT E I DE NEMOURS & CO COM 263534109 1181 19400 SH SOLE 19400 0 0
D DUN & BRADSTREET COM 26483B106 18331 613600 SH SOLE 613600 0 0
D ELECTRO RENT CORP COM 285218103 3902 312150 SH SOLE 312150 0 0
D ELECTRONIC DATA SYSTEMS CORP COM 285661104 794 15000 SH SOLE 15000 0 0
D ELF AQUITAINE SPONSORED ADR 286269105 412 4500 SH SOLE 4500 0 0
D EQUIFAX INC COM 294429105 11140 396100 SH SOLE 396100 0 0
D EXXON CORPORATION COM 302290101 2751 36228 SH SOLE 36228 0 0
D FASTENAL CO. COM 311900104 4194 89000 SH SOLE 89000 0 0
D FDX CORPORATION COM 31304N107 4371 112800 SH SOLE 112800 0 0
D FEDERAL NATIONAL MORTGAGE ASSO COM 313586109 627 10000 SH SOLE 10000 0 0
D FINOVA GROUP INC COM 317928109 17684 484500 SH SOLE 484500 0 0
D FIRST DATA CORP. COM 319963104 11346 258600 SH SOLE 258600 0 0
D FIRST UNION CORP COM 337358105 1311 36857 SH SOLE 36857 0 0
D FORD MOTOR CO COM 345370100 893 17800 SH SOLE 17800 0 0
D FORTUNE BRANDS INC COM 349631101 10346 320800 SH SOLE 320800 0 0
D FUJI PHOTO FILM (ADR) ADR 359586302 1589 47000 SH SOLE 47000 0 0
D FURON COMPANY COM 361106107 4500 180000 SH SOLE 180000 0 0
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D GATX CORP COM 361448103 466 15000 SH SOLE 15000 0 0
D GTE CORP COM 362320103 12239 159200 SH SOLE 159200 0 0
D GALILEO INTERNATIONAL INC. COM 363547100 11455 284600 SH SOLE 284600 0 0
D GENERAL DYNAMICS CORP COM 369550108 52641 843100 SH SOLE 843100 0 0
D GENERAL INSTRUMENT CORP COM 370120107 20665 429400 SH SOLE 429400 0 0
D GENERAL MOTORS CORP COM 370442105 787 12500 SH SOLE 12500 0 0
D GENERAL MOTORS CLASS "H" NEW CL H NEW 370442832 12326 215300 SH SOLE 215300 0 0
D GENZYME CORP COM GENL DIV 372917104 12397 275100 SH SOLE 275100 0 0
D GENZYME SURGICAL PRODUCTS COM SURG PRODS 372917609 244 43463 SH SOLE 43463 0 0
D GREENPOINT FINANCIAL CORP. COM 395384100 7247 272833 SH SOLE 272833 0 0
D HAMBRECHT & QUIST GROUP INC COM 406545103 6773 138400 SH SOLE 138400 0 0
D HANNAFORD BROTHERS CORP COM 410550107 11418 162100 SH SOLE 162100 0 0
D HARRIS CORP. COM 413875105 11721 424300 SH SOLE 424300 0 0
D HARVEY ENT (HRVY.O) COM 417662103 341 64100 SH SOLE 64100 0 0
D HELLENIC TELECOMMUNICATION ORG SPONSORED ADR 423325307 1343 120000 SH SOLE 120000 0 0
D HELLER FINANCIAL INC CL A 423328103 338 15000 SH SOLE 15000 0 0
D HERCULES INC COM 427056106 1689 59000 SH SOLE 59000 0 0
D HEWLETT PACKARD CO COM 428236103 221 2400 SH SOLE 2400 0 0
D HONEYWELL INC COM 438506107 24388 219090 SH SOLE 219090 0 0
D HOUSEHOLD INTL. INC. COM 441815107 9048 225500 SH SOLE 225500 0 0
D IBP INC COM 449223106 1333 54000 SH SOLE 54000 0 0
D INDEPENDENCE HOLDING CO NEW COM NEW 453440307 2327 198083 SH SOLE 198083 0 0
D INFINITY BROADCASTING CORP CL A 45662S102 32886 1121900 SH SOLE 1121900 0 0
D INTEL CORP COM 458140100 15264 205400 SH SOLE 205400 0 0
D INTERNATIONAL BUSINESS MACHINE COM 459200101 30116 248120 SH SOLE 248120 0 0
D INTL NETWORK SERVICES INC COM 460053101 12234 225000 SH SOLE 225000 0 0
D IVAX CORP COM 465823102 413 25000 SH SOLE 25000 0 0
D JOHNSON & JOHNSON COM 478160104 2570 27968 SH SOLE 27968 0 0
D KIMBERLY CLARK CORP COM 494368103 1232 23475 SH SOLE 23475 0 0
D KROGER CO. COM 501044101 11969 542500 SH SOLE 542500 0 0
D L-3 COMMUNICATIONS COM 502424104 50291 1332200 SH SOLE 1332200 0 0
D LOCKHEED MARTIN CORP COM 539830109 1634 50000 SH SOLE 50000 0 0
D LOEWS CORP COM 540424108 562 8000 SH SOLE 8000 0 0
D LONE STAR INDUSTRIES INC COM NEW 542290408 15711 315000 SH SOLE 315000 0 0
D LORAL SPACE & COMM LTD COM 543879993 1719 100000 SH SOLE 100000 0 0
D LUCENT TECHNOLOGIES INC COM 549463107 5650 87092 SH SOLE 87092 0 0
D M & T BANK COM 55261F104 81271 177061 SH SOLE 177061 0 0
D MCI WORLDCOM COM 55268B106 154416 2148403 SH SOLE 2148403 0 0
D MANPOWER INC COM 56418H100 437 15000 SH SOLE 15000 0 0
D MCGRAW HILL INC COM 580645109 2903 60000 SH SOLE 60000 0 0
D MCKESSON HBOC INC COM 58155Q103 10753 370800 SH SOLE 370800 0 0
D MEDIAONE GROUP INC COM 58440J104 114978 1683100 SH SOLE 1683100 0 0
D MEDIMMUNE INC COM 584699102 9966 100000 SH SOLE 100000 0 0
D MELLON BANK CORP COM 585509102 17244 510920 SH SOLE 510920 0 0
D MERCK & CO INC COM 589331107 4450 68654 SH SOLE 68654 0 0
D MICROSOFT CORP COM 594918104 47129 520400 SH SOLE 520400 0 0
D MOBIL CORP COM 607059102 806 8000 SH SOLE 8000 0 0
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D MONSANTO CO COM 611662107 600 16810 SH SOLE 16810 0 0
D MOORE CORP LTD COM 615785102 350 35000 SH SOLE 35000 0 0
D MUELLER INDUS. COM 624756102 831 28000 SH SOLE 28000 0 0
D MURPHY OIL CORP COM 626717102 871 16107 SH SOLE 16107 0 0
D MUTUAL RISK MGMT LTD COM 628351108 1260 102832 SH SOLE 102832 0 0
D NCR CORP NEW COM 62886E108 11185 338298 SH SOLE 338298 0 0
D NALCO CHEMICAL CO COM 629853102 20453 405000 SH SOLE 405000 0 0
D NEW GERMANY FUND INC COM 644465106 1797 152091 SH SOLE 152091 0 0
D NEWS CORP LTD ADR SP ADR PFD 652487802 13496 505700 SH SOLE 505700 0 0
D NEXTEL COMMUNICATIONS INC CL A CL A 65332V103 18750 276500 SH SOLE 276500 0 0
D NEXTEL COMMUNICATIONS INC CLAS CL A 65332V103 26549 391500 SH SOLE 391500 0 0
D NEW HOLLAND NV COM 645299991 160 10000 SH SOLE 10000 0 0
D NIELSEN MEDIA RESEARCH COM NEW 653929307 9260 249000 SH SOLE 249000 0 0
D 99 CENTS ONLY STORES COM 65440K106 542 15000 SH SOLE 15000 0 0
D NORTHERN TRUST CO COM 665859104 401 4800 SH SOLE 4800 0 0
D OLSTEN CORP COM 681385100 313 30000 SH SOLE 30000 0 0
D ORION CAPITAL CORP COM 686268103 11721 247400 SH SOLE 247400 0 0
D PAPA JOHNS INTL INC COM 698813102 2511 60862 SH SOLE 60862 0 0
D PENTON MEDIA COM 709668107 1082 66596 SH SOLE 66596 0 0
D PEPSI BOTTLING GROUP INC (PBG) COM 713409100 12246 717700 SH SOLE 717700 0 0
D PEPSICO INC COM 713448108 454 15000 SH SOLE 15000 0 0
D PERCLOSE INC COM 71361C107 10789 231700 SH SOLE 231700 0 0
D PFIZER INC COM 717081103 431 12000 SH SOLE 12000 0 0
D PHILIP MORRIS COMPANIES INC COM 718154107 1398 40900 SH SOLE 40900 0 0
D PIONEER HI-BRED INTERNATIONAL COM 723686101 25978 652500 SH SOLE 652500 0 0
D PITTWAY CORP CLASS A CL A 725790208 4195 133162 SH SOLE 133162 0 0
D PLAYTEX PRODUCTS INC COM 72813P100 148 10000 SH SOLE 10000 0 0
D PRAXAIR INC COM 74005P104 1622 35225 SH SOLE 35225 0 0
D PROMUS HOTEL CORP 'NEW' COM 74342P106 8141 250000 SH SOLE 250000 0 0
D PUBLIC SERVICES OF NORTH CAROL COM 744516105 2790 90000 SH SOLE 90000 0 0
D QUAKER OATS COM 747402105 520 8400 SH SOLE 8400 0 0
D REYNOLDS METALS CO COM 761763101 242 4000 SH SOLE 4000 0 0
D RITE AID CORP COM 767754104 8535 617900 SH SOLE 617900 0 0
D ROBERTS PHARMACEUTICAL CORP COM 770491108 7124 235500 SH SOLE 235500 0 0
D RYDER SYSTEM INC COM 783549108 458 22500 SH SOLE 22500 0 0
D ST JUDE MEDICAL INC COM 790849103 15476 491300 SH SOLE 491300 0 0
D ST. PAUL BANK CORP. COM 792848103 595 26000 SH SOLE 26000 0 0
D SAFEWAY INC COM 786514208 1142 30000 SH SOLE 30000 0 0
D SAVILLE SYSTEMS PLC SPON ADR SPONSORED ADR 805174109 2666 181500 SH SOLE 181500 0 0
D SCHLUMBERGER LTD COM 806857108 589 9450 SH SOLE 9450 0 0
D SEAGRAM COMPANY LTD COM 811850106 1138 25000 SH SOLE 25000 0 0
D SENSORMATIC ELECTRONICS COM 817265101 2411 190000 SH SOLE 190000 0 0
D SEPRACOR INC COM 817315104 4983 66000 SH SOLE 66000 0 0
D SILICON GRAPHICS COM 827056102 9599 877600 SH SOLE 877600 0 0
D SMART MODULAR TECHNOLOGIES INC COM 831690102 7664 225000 SH SOLE 225000 0 0
D SNYDER COMMUNICATIONS INC (SNC COM 832914105 5509 362700 SH SOLE 362700 0 0
D SNAP ON TOOLS CORP COM 833034101 244 7500 SH SOLE 7500 0 0
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D SOLUTIA INC COM 834376105 4585 256508 SH SOLE 256508 0 0
D SONAT INC COM 835415100 8946 225400 SH SOLE 225400 0 0
D SONY CORP (SNE) ADR NEW 835699307 7998 53300 SH SOLE 53300 0 0
D SOUTHDOWN INC. COM 841297104 1766 33000 SH SOLE 33000 0 0
D SOUTHRUST CORP. COM 844730101 215 6000 SH SOLE 6000 0 0
D SOUTHWEST GAS CORP COM 844895102 14048 521500 SH SOLE 521500 0 0
D SPRINT CORP (FON GROUP) COM FON GROUP 852061100 1286 23700 SH SOLE 23700 0 0
D SPRINT PCS GROUP PCS COM SER 1 852061506 255 3425 SH SOLE 3425 0 0
D STANCORP FINANCIAL GROUP COM 852891100 291 13000 SH SOLE 13000 0 0
D STANDARD PRODUCTS CO COM 853836104 7358 208000 SH SOLE 208000 0 0
D STARWOOD HOTELS & RESORTS WORL PAIRED CTF 85590A203 7794 349292 SH SOLE 349292 0 0
D STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 9715 504700 SH SOLE 504700 0 0
D SUN MICROSYSTEMS INC. COM 866810104 26589 285900 SH SOLE 285900 0 0
D SWISS HELVETTA FUND (THE) COM 870875101 993 70000 SH SOLE 70000 0 0
D TRW, INC. COM 872649108 1294 26000 SH SOLE 26000 0 0
D TANDY CORP COM 875382103 8156 157800 SH SOLE 157800 0 0
D TEKTRONIX INC. COM 879131100 4188 125000 SH SOLE 125000 0 0
D TIME WARNER INC. COM 887315109 50040 823700 SH SOLE 823700 0 0
D TRAVELERS PROPERTY CASUALTY CO CL A 893939108 7673 260100 SH SOLE 260100 0 0
D TYCO INTL LTD NEW COM 902124106 248519 2406963 SH SOLE 2406963 0 0
D U.S. BANCORP NEW COM 902973106 2855 94590 SH SOLE 94590 0 0
D USG CORP NEW COM NEW 903293405 2803 59000 SH SOLE 59000 0 0
D UNITED ILLUMINATING CO COM 910637107 726 15000 SH SOLE 15000 0 0
D U S HOME CORP COM 911920106 348 12500 SH SOLE 12500 0 0
D U S INDS INC NEW COM 912080108 5172 328400 SH SOLE 328400 0 0
D U. S. WEST INC. COM 91273H101 58398 1023400 SH SOLE 1023400 0 0
D UNITED TECHNOLOGIES CORP COM 913017109 522 8800 SH SOLE 8800 0 0
D UNOCAL CORP COM 915289102 563 15200 SH SOLE 15200 0 0
D UNUMPROVIDENT CORP COM 91529Y106 368 12500 SH SOLE 12500 0 0
D UNUMPROVIDENT CORPORATION COM 91529Y106 9729 320306 SH SOLE 320306 0 0
D VIASTAT INC. COM 92552V100 2199 123000 SH SOLE 123000 0 0
D WALMART STORES INC COM 931142103 1427 30000 SH SOLE 30000 0 0
D WARNER LAMBERT CO COM 934488107 1354 20400 SH SOLE 20400 0 0
D WELLMAN INC. COM 949702104 1192 66000 SH SOLE 66000 0 0
D WHIRLPOOL CORP COM 963320106 11502 176100 SH SOLE 176100 0 0
D WYMAN GORDON CO COM 983085101 4186 224000 SH SOLE 224000 0 0
D XOMED SURGICAL PRODUCTS INC COM 98412V107 6669 117000 SH SOLE 117000 0 0
D YAHOO INC COM 984332106 31233 174000 SH SOLE 174000 0 0
D YORK INTERNATIONAL CORP COM 986670107 359 10000 SH SOLE 10000 0 0
D FORD MOTOR CO COM 345370100 2509 50000 SH CALL SOLE 50000 0 0
D PHILIP MORRIS COM 718154107 1880 55000 SH CALL SOLE 55000 0 0
D SENSORMATIC ELECTRONICS COM 817265101 254 20000 SH CALL SOLE 20000 0 0
D COMDISCO COM 200336105 1352 70000 SH CALL SOLE 70000 0 0
D SNYDER COMMUNICATIONS COM 832914105 2734 180000 SH CALL SOLE 180000 0 0
D SONY CORP COM 835699307 30 200 SH SOLE 200 0 0
D M&T BANK COM 55261F104 218 475 SH SOLE 475 0 0
D NEWS CORP SPON ADR COM 652487703 56 2000 SH SOLE 2000 0 0
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
D CNA SURETY COM 126126108 22 1700 SH SOLE 1700 0 0
D CAMBREX CORP COM 132011107 362 13700 SH SOLE 13700 0 0
S REPORT SUMMARY 233 DATA RECORDS 2795760 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
Report Summary:
Number of other Included Managers: 0
Form 13F Information Table Entry Total: 61,934,375
Form 13F Information Table Value Total: $ 2,795,760
