FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Institutional Investment Manager Filing this Report:
NAME: Glickenhaus & Co.
ADDRESS: Six East 43rd Street
New York, NY 10017
13F File Number:
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: Margaret Beal
Title: Director and Principal
Phone: 212-953-7794
Signature, Place, and Date of Signing:
Margaret Beal New York, NY November 12, 1999
Report Type Type:
[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: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 297
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,735,288,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABITIBI-CONSOLIDATED INC COM COM 003924107 211 17527 SH SOLE 4300 0 13227
ADOBE SYS INC COM 00724F101 8342 147000 SH SOLE 139200 0 7800
ADVANCED FIBRE COMM INC COM COM 00754A105 530 23800 SH SOLE 23000 0 800
ADVANTA CORP CL B COM 007942204 130 11094 SH SOLE 6744 0 4350
ADVO INC COM 007585102 9612 482100 SH SOLE 329850 0 152250
AETNA INC COM 008117103 2588 52550 SH SOLE 39600 0 12950
AFFYMETRIX INC OC-CAP STK COM 00826T108 492 5000 SH SOLE 5000 0 0
AGRIUM INC COM 008916108 189 19000 SH SOLE 0 0 19000
AKER RGI 5.25 07/23/02 CONVERTIBLE BOND 401996W66 503 500000 PRN SOLE 500000 0 0
ALLIED SIGNAL INC COM 019512102 300 5000 SH SOLE 0 0 5000
ALLIED WASTE INDS INC COM NEW COM 019589308 117 10000 SH SOLE 0 0 10000
ALLMERICA FINL CORP COM 019754100 1686 35400 SH SOLE 13700 0 21700
ALTERA CORP COM COM 021441100 10588 244100 SH SOLE 163500 0 80600
AMERADA HESS CORP COM 023551104 12178 198828 SH SOLE 156100 0 42728
AMERICAN HOME PRODS CORP COM 026609107 11504 277200 SH SOLE 133000 0 144200
AMERICAN INTL GROUP INC COM 026874107 990 11385 SH SOLE 7875 0 3510
AMERICAN NATIONAL CAN GROUP, I COM 027714104 3219 203600 SH SOLE 163800 0 39800
AMERICAN TOWER CORP 2.250% 10/ CONVERTIBLE BOND 029912AC6 1058 1500000 PRN SOLE 1500000 0 0
AMES DEPT STORES INC COM NEW COM 030789507 5478 171850 SH SOLE 123800 0 48050
AMGEN INC COM 031162100 937 11500 SH SOLE 9300 0 2200
AMKOR TECHNOLOGY INC COM COM 031652100 487 30200 SH SOLE 30200 0 0
AMR CORP DEL COM 001765106 15101 277082 SH SOLE 171382 0 105700
APP FINANCE VI MAURITIUS LTD 0 CONVERTIBLE BOND 00202NAA3 6736 57948000 PRN SOLE 50440000 0 7508000
APPLIED MATLS INC COM 038222105 6075 78200 SH SOLE 73800 0 4400
APT SATELLITE HLDGS LTD SPONSO COM 00203R105 864 186900 SH SOLE 126900 0 60000
ARM FINL GROUP INC CL A COM 001944107 6 60000 SH SOLE 60000 0 0
ARMSTRONG WORLD INDS INC COM COM 042476101 13576 302100 SH SOLE 110600 0 191500
ARROW ELECTRS INC COM 042735100 9072 514700 SH SOLE 484200 0 30500
ASHLAND INC COM 044204105 10689 317875 SH SOLE 260800 0 57075
ASK CORP COM 00206E101 0 55000 SH SOLE 0 0 55000
AT&T CORP COM 001957109 19999 459754 SH SOLE 366462 0 93293
AUTODIE CORP SDCV 7.000 5/01/1 CONVERTIBLE BOND 052770AA2 34 675000 PRN SOLE 675000 0 0
AVIRON COM COM 053762100 1135 46800 SH SOLE 41800 0 5000
AVIS RENT A CAR INC COM COM 053790101 1221 58500 SH SOLE 6700 0 51800
BANK OF AMERICA COM 060505104 248 4458 SH SOLE 0 0 4458
BANK ONE CORP COM 06423A103 27410 787350 SH SOLE 469254 0 318096
BARD, C R INC COM 067383109 10735 228100 SH SOLE 221200 0 6900
BD GROUP CAP T 6.25% CV PFD CONVERTIBLE PREF 119001303 938 25000 SH SOLE 25000 0 0
BEAR STEARNS COS INC COM 073902108 23641 645806 SH SOLE 285095 0 360711
BEAZER HOMES USA INC COM 07556Q105 2020 108800 SH SOLE 72600 0 36200
BECTON DICKINSON & CO COM 075887109 2517 89700 SH SOLE 74700 0 15000
BEDFORD PPTY INVS INC COM PAR COM 076446301 319 18900 SH SOLE 4400 0 14500
BELO A H CORP COM SER A COM 080555105 1608 84100 SH SOLE 49700 0 34400
BERKSHIRE RLTY INC COM COM 084710102 1985 165400 SH SOLE 150000 0 15400
BEVERLY ENTERPRISES INC COM NE COM 087851309 5926 1394380 SH SOLE 1319801 0 74579
BIG FLOWER HLDGS INC COM COM 089159107 1482 52350 SH SOLE 28650 0 23700
BRANDYWINE RLTY TR SH BEN INT COM 105368203 661 40700 SH SOLE 5100 0 35600
BRISTOL MYERS SQUIBB CO COM 110122108 378 5600 SH SOLE 3600 0 2000
BUDGET GROUP INC CL A COM 119003101 2841 402300 SH SOLE 288300 0 114000
BURLINGTON RESOURCES INC COM 122014103 706 19200 SH SOLE 16200 0 3000
BWAY CORP COM COM 056039100 1046 105300 SH SOLE 58600 0 46700
CABLEVISION SYS CORP CL A COM 12686C109 1440 19800 SH SOLE 19800 0 0
CABOT INDL TR COM SH BEN INT COM 127072106 221 11500 SH SOLE 1900 0 9600
CABOT OIL & GAS CORP COM 127097103 259 15000 SH SOLE 9100 0 5900
CADIZ INC COM COM 127549103 421 44000 SH SOLE 36000 0 8000
CANADIAN HOTL INCM PPTY REITUN COM 135928109 2489 406367 SH SOLE 406367 0 0
CANADIAN PAC LTD NEW COM 135923100 331 14500 SH SOLE 5700 0 8800
CAPSTAR HOTEL CO NOTE 4.750 10 CONVERTIBLE BOND 140918AC7 740 1000000 PRN SOLE 1000000 0 0
CAPSTEAD MTG CORP COM 14067E100 856 217400 SH SOLE 217400 0 0
CAPSTEAD MTG CORP PFD B CV $1. CONVERTIBLE PREF 14067E308 4571 460000 SH SOLE 408100 0 51900
CBS CORPORATION COM 12490K107 10700 231350 SH SOLE 185400 0 45950
CHASE MANHATTAN CORP NEW COM 16161A108 791 10500 SH SOLE 10500 0 0
CHESAPEAKE ENERGY CORP COM COM 165167107 71 18200 SH SOLE 0 0 18200
CHICAGO BRIDGE & IRON CO ORD COM N19808109 4192 286600 SH SOLE 173400 0 113200
CHICAGO TITLE CORP COM COM 168228104 200 5000 SH SOLE 5000 0 0
CII FINL INC SDCV 7.500 9/15/0 CONVERTIBLE BOND 12551LAB7 375 400000 PRN SOLE 300000 0 100000
CISCO SYSTEMS INC. COM 17275R102 7182 104750 SH SOLE 98150 0 6600
CITIGROUP INC. COM 172967101 28854 655771 SH SOLE 299488 0 356283
CMS ENERGY 8.75 CONV PFD 07/01 CONVERTIBLE PREF 125896308 28511 779800 SH SOLE 699400 0 80400
COASTAL CORP COM 190441105 287 7000 SH SOLE 7000 0 0
COCA COLA CO COM 191216100 476 9861 SH SOLE 3805 0 6056
COGNEX CORP COM COM 192422103 1307 43300 SH SOLE 37800 0 5500
COLUMBIA / HCA HEALTHCARE CP COM 197677107 314 14800 SH SOLE 3400 0 11400
COMPAQ COMPUTER CORP COM 204493100 7880 344500 SH SOLE 152900 0 191600
CONGOLEUM CORP NEW CL A COM 207195108 90 20000 SH SOLE 20000 0 0
CONNECTICUT BANCORP INC COM 207534108 0 10000 SH SOLE 10000 0 0
CONOCO INC CL A COM 208251306 15054 542500 SH SOLE 381400 0 161100
CONSECO INC COM COM 208464107 4820 253700 SH SOLE 98100 0 155600
CONSOLIDATED STORES CORP COM COM 210149100 5063 229500 SH SOLE 127900 0 101600
CONTINENTAL AIRLS INC CL B COM 210795308 15324 467900 SH SOLE 328172 0 139728
COOPER TIRE & RUBR CO COM 216831107 2212 125500 SH SOLE 125500 0 0
CORN PRODS INTL INC COM COM 219023108 3917 128700 SH SOLE 79300 0 49400
CORNERSTONE PPTYS INC CDT-COM COM 21922H103 2928 192000 SH SOLE 74100 0 117900
CORPORATE OFFICE PPTYS TR COM COM 22002T108 3864 511000 SH SOLE 505000 0 6000
CORUS ENTERTAINMENT COM 220874101 372 15665 SH SOLE 11766 0 3899
COUNTRYWIDE CR INDS INC COM 222372104 74569 2312228 SH SOLE 1699882 0 612346
CRANE CO COM 224399105 261 11650 SH SOLE 6050 0 5600
CRESTLINE CAP CORP COM COM 226153104 350 17004 SH SOLE 3500 0 13504
CYPROS PHARMACEUTICAL CORP COM 232808105 35 17900 SH SOLE 17900 0 0
D R HORTON INC COM COM 23331A109 2321 179400 SH SOLE 62300 0 117100
DAIMLERCHRYSLER AG ORD COM D1668R123 45920 661307 SH SOLE 488003 0 173304
DATA DIMENSIONS INC COM PAR $0 COM 237654207 83 54000 SH SOLE 54000 0 0
DELL COMPUTER CORP COM 247025109 4854 116100 SH SOLE 107700 0 8400
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 11524 717463 SH SOLE 292792 0 424671
DELPHI FINL GROUP INC CL A COM 247131105 1021 33820 SH SOLE 30820 0 3000
DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 4404 131950 SH SOLE 94500 0 37450
DISNEY WALT PRODTNS COM 254687106 542 20850 SH SOLE 5664 0 15186
DOLE FOOD INC COM 256605106 243 12800 SH SOLE 0 0 12800
DOLLAR THRIFTY AUTOMOTIVE-W.I. COM 256743105 3614 174712 SH SOLE 54912 0 119800
DUN & BRADSTREET CORP DEL COM COM 26483B106 21752 728100 SH SOLE 349200 0 378900
DURA PHARMACEUTICALS INC COM COM 26632S109 544 39000 SH SOLE 21000 0 18000
E TRADE GROUP INC COM COM 269246104 1445 61500 SH SOLE 56000 0 5500
EASTMAN KODAK COM 277461109 461 6100 SH SOLE 3500 0 2600
ELBIT SYSTEMS LTD ORD COM M3760D101 641 47500 SH SOLE 11000 0 36500
ELDER BEERMAN STORES CORP NECO COM 284470101 158 24771 SH SOLE 15341 0 9430
ELECTRONICS FOR IMAGING INC COM 286082102 1316 25600 SH SOLE 23000 0 2600
ENGELHARD CORP COM COM 292845104 7826 428800 SH SOLE 390900 0 37900
ENSCO INTL INC COM 26874Q100 3902 216000 SH SOLE 158600 0 57400
ENTERTAINMENT PPTYS TR COM SH COM 29380T105 6933 474018 SH SOLE 349100 0 124918
EOG RESOURCES INC. COM 26875P101 1626 76500 SH SOLE 44100 0 32400
EQUITY ONE INC COM COM 294752100 534 50000 SH SOLE 50000 0 0
EVEREST REINS HLDGS INC COM COM 299808105 5259 220850 SH SOLE 192750 0 28100
EXODUS COMMUNICATIONS INC COM 302088109 2883 40000 SH SOLE 36400 0 3600
EXXON CORP COM 302290101 508 6688 SH SOLE 0 0 6688
FEDERAL NAT MORTGAGE ASSN COM 313586109 4952 79000 SH SOLE 70100 0 8900
FIRST INDL RLTY TR INC COM 32054K103 76657 3097250 SH SOLE 2651050 0 446200
FIRST UN CORP COM 337358105 948 26600 SH SOLE 15100 0 11500
FIRST WASHINGTON RLTY TR INCCO COM 337489504 6777 322700 SH SOLE 241300 0 81400
FNMA CALL JAN00 @45 OPTION - CALL 510 300 SH CALL SOLE 300 0 0
FORD MOTOR COM 345370100 68437 1361925 SH SOLE 1157275 0 204650
FORT JAMES CORPORATION COM 347471104 3611 135300 SH SOLE 69900 0 65400
FOX ENTERTAINMENT GRP INC. A COM 35138T107 4476 212500 SH SOLE 176300 0 36200
GENERAL ELEC CO COM 369604103 1339 11296 SH SOLE 6511 0 4785
GENERAL MTRS CORP COM 370442105 24318 386390 SH SOLE 168988 0 217402
GENRAD INC COM COM 372447102 478 25000 SH SOLE 20000 0 5000
GEORGIA PAC CORP COM COM 373298108 12972 320800 SH SOLE 304700 0 16100
GIBRALTAR STL CORP COM 37476F103 2372 112600 SH SOLE 91500 0 21100
GLENBOROUGH RLTY TR INC COM COM 37803P105 848 51400 SH SOLE 33300 0 18100
GLOBAL MARINE INC NEW COM 379352404 17475 1063100 SH SOLE 967900 0 95200
GOODRICH B F CO COM COM 382388106 292 10080 SH SOLE 672 0 9408
GOVERNMENT SECS INCOME FD UNIT MUTUAL FUNDS 383744331 6 48815 SH SOLE 48815 0 0
GTECH HLDGS CORP COM COM 400518106 703 32800 SH SOLE 31800 0 1000
GULF CDA RES LTD ORD COM 40218L305 8372 1999300 SH SOLE 992400 0 1006900
HARCOURT GEN INC COM 41163G101 4662 112000 SH SOLE 38400 0 73600
HIBERNIA CORP CL A COM 428656102 1160 99800 SH SOLE 83100 0 16700
HILTON HOTELS CORP COM COM 432848109 1482 150100 SH SOLE 144200 0 5900
HOLLINGER INTL INC CL A COM 435569108 6582 554300 SH SOLE 101400 0 452900
HOST MARRIOTT CORP NEW COM COM 44107P104 285 29994 SH SOLE 0 0 29994
HURRICANE HYDROCARBONS LTD CL COM 44779E106 5 10000 SH SOLE 10000 0 0
HUSSMANN INTL INC COM COM 448110106 721 42400 SH SOLE 26600 0 15800
I B M COM 459200101 47560 393057 SH SOLE 238409 0 154648
IBP INC COM 449223106 13825 560000 SH SOLE 454900 0 105100
ICN PHARMACEUTICAL INC NEW COM 448924100 8769 510222 SH SOLE 315054 0 195168
IMC GLOBAL INC COM 449669100 3328 228500 SH SOLE 174300 0 54200
IMCLONE SYS INC COM 45245W109 3408 102500 SH SOLE 98500 0 4000
INDYMAC MTG HLDGS INC COM COM 456607100 2507 167100 SH SOLE 86600 0 80500
INFINITY BROADCASTING CORP A COM 45662S102 4370 149100 SH SOLE 59600 0 89500
INTEL CORP COM 458140100 35640 479600 SH SOLE 420700 0 58900
INTERMET CORP COM 45881K104 114 13500 SH SOLE 8100 0 5400
INTERSTATE BAKERIES CORP DELCO COM 46072H108 36460 1585200 SH SOLE 1128300 0 456900
INTUIT INC COM COM 461202103 2858 97800 SH SOLE 89400 0 8400
INVACARE CORP COM 461203101 538 27500 SH SOLE 13100 0 14400
JAVELIN SYS INC COM COM 471896100 2784 281900 SH SOLE 252600 0 29300
JOHNS-MANVILLE CORP NEW COM COM 478129109 328 25000 SH SOLE 25000 0 0
JONES INTERCABLE INC CL A COM 480206200 11450 211800 SH SOLE 68900 0 142900
K MART CORP COM 482584109 27881 2385500 SH SOLE 1967850 0 417650
KELLSTROM INDS INC COM COM 488035106 147 15000 SH SOLE 15000 0 0
KEYSPAN CORP COM 49337W100 10559 368875 SH SOLE 366600 0 2275
KOOR INDS LTD SPONSORED ADR COM 500507108 971 55700 SH SOLE 33800 0 21900
LADISH INC COM NEW COM 505754200 98 15000 SH SOLE 0 0 15000
LENNAR CORP COM 526057104 1675 105100 SH SOLE 92300 0 12800
LEXINGTON CORPORATE PPTYS TRCO COM 529043101 1958 175000 SH SOLE 78600 0 96400
LIBERTY PPTY TR SH BEN INT COM 531172104 1683 74200 SH SOLE 52600 0 21600
LILLY, ELI AND COMPANY COM 532457108 14929 232590 SH SOLE 190400 0 42190
LOCKHEED MARTIN CORP COM COM 539830109 2468 75500 SH SOLE 64500 0 11000
LODGIAN INC COM COM 54021P106 84 22500 SH SOLE 14500 0 8000
LONE STAR STEAKHOUSE SALOON CO COM 542307103 155 20100 SH SOLE 9100 0 11000
LOUISIANA PAC CORP COM 546347105 267 17100 SH SOLE 17100 0 0
MACK CALI RLTY CORP COM COM 554489104 429 16000 SH SOLE 10000 0 6000
MANPOWER INC WIS COM COM 56418H100 786 27000 SH SOLE 12700 0 14300
MARK IV INDS INC COM 570387100 8098 410000 SH SOLE 159500 0 250500
MARTIN MARIETTA MTLS INC COM 573284106 591 14800 SH SOLE 6000 0 8800
MAYTAG CORP COM 578592107 666 20000 SH SOLE 20000 0 0
MCI WORLDCOM COM 55268B106 3163 44000 SH SOLE 39900 0 4100
MCKESSON HBOC INC. COM 58155Q103 17513 603900 SH SOLE 250800 0 353100
MCN ENERGY GROUP INC COM COM 55267J100 1427 83000 SH SOLE 83000 0 0
MEDIAONE GROUP INC COM COM 58440J104 7724 113068 SH SOLE 82700 0 30368
MEDIMMUNE INC COM COM 584699102 847 8500 SH SOLE 7000 0 1500
MERCK & CO INC COM 589331107 951 14680 SH SOLE 2800 0 11880
MERISTAR HOSPITALITY CORP COM COM 58984Y103 2283 148500 SH SOLE 84000 0 64500
MERISTAR HOTELS & RESORTS INCO COM 589988104 122 41649 SH SOLE 7931 0 33718
MERRILL LYNCH & CO INC COM 590188108 39596 587700 SH SOLE 424284 0 163416
METROMEDIA INTL GROUP INC PFD CONVERTIBLE PREF 591695200 204 8300 SH SOLE 3400 0 4900
MICRON TECHNOLOGY INC COM 595112103 9589 144200 SH SOLE 98400 0 45800
MICROSOFT CORP COM 594918104 2427 26800 SH SOLE 23600 0 3200
MINIMED INC COM COM 60365K108 1199 12200 SH SOLE 11000 0 1200
MISSOURI KANS TEX RR CO NON IN COM 606113207 213 3798 SH SOLE 3798 0 0
MITCHELL ENERGY & DEV CORP CL COM 606592202 220 9000 SH SOLE 0 0 9000
MITCHELL ENERGY & DEV CORP CL COM 606592301 2186 93000 SH SOLE 41600 0 51400
MONDAVI ROBERT CORP CL A COM 609200100 657 17500 SH SOLE 17500 0 0
MONTANA PWR CO COM 612085100 365 12000 SH SOLE 0 0 12000
NAM TAI ELECTRONICS INC PAR $0 COM 629865205 365 27000 SH SOLE 11100 0 15900
NAVIGANT CONSULTING INC COM COM 63935N107 529 11400 SH SOLE 11400 0 0
NEIMAN MARCUS GROUPS INC COM 640204103 332 14200 SH SOLE 1900 0 12300
NEWS CORP LTD ADR SPONS PREF COM 652487802 51813 1941460 SH SOLE 1144100 0 797360
NEXTERA ENTERPRISES INC CL A COM 65332E101 36 10000 SH SOLE 10000 0 0
NIELSEN MEDIA RESEARCH COM 653929307 985 26496 SH SOLE 11464 0 15032
NOBLE DRILLING CORP COM 655042109 28509 1303291 SH SOLE 1111491 0 191800
NOBLE INTERNATIONAL COM 655053106 3238 231250 SH SOLE 158000 0 73250
NORTHERN TR CORP COM COM 665859104 418 5000 SH SOLE 5000 0 0
NORTHWEST AIRLINES CORP COM COM 667280101 1061 41600 SH SOLE 20800 0 20800
NTL INC COM 629407107 2412 31380 SH SOLE 10888 0 20493
NUEVO ENERGY CO COM 670509108 576 33400 SH SOLE 10500 0 22900
O'SULLIVAN INDS HLDGS INC COM COM 688609106 818 54500 SH SOLE 42100 0 12400
OCCIDENTAL PETE CORP COM COM 674599105 10332 446800 SH SOLE 336700 0 110100
OCEAN ENERGY INC. COM 67481E106 878 86200 SH SOLE 75700 0 10500
OGDEN CORP COM 676346109 1038 100000 SH SOLE 100000 0 0
OMNICARE INC COM COM 681904108 2630 273200 SH SOLE 207700 0 65500
OWENS ILL INC NEW COM 690768403 3705 187000 SH SOLE 76600 0 110400
PACIFIC GULF PPTYS INC COM COM 694396102 1402 70300 SH SOLE 44100 0 26200
PACIFIC SUMMA CAP CORP COM COM 694920109 1 25000 SH SOLE 0 0 25000
PAINE WEBBER GROUP INC COM COM 695629105 3223 88900 SH SOLE 67100 0 21800
PARTY CITY CORP COM COM 702145103 187 93300 SH SOLE 81700 0 11600
PATINA OIL & GAS CORP COM 703224105 7483 843100 SH SOLE 519100 0 324000
PEAK INTERNATIONAL LIMITED ORD COM G69586108 3403 398900 SH SOLE 384800 0 14100
PEAK TRENDS TRUST CONV PREF CONVERTIBLE PREF 70468N107 4362 536800 SH SOLE 399600 0 137200
PENN ENGR & MFG CORP NON-VTG COM 707389300 992 40400 SH SOLE 34000 0 6400
PEPSICO INC COM 713448108 213 6993 SH SOLE 53 0 6940
PETRO-CDA COM 71644E102 2479 163900 SH SOLE 77500 0 86400
PFIZER INC COM 717081103 1155 32200 SH SOLE 20700 0 11500
PHARMACIA & UPJOHN INC COM 716941109 6434 129650 SH SOLE 112850 0 16800
PIONEER STD ELECTRS INC COM COM 723877106 6516 451300 SH SOLE 273900 0 177400
PIXAR COM COM 725811103 2961 78700 SH SOLE 71300 0 7400
POTASH CORP SASK INC COM 73755L107 3170 61400 SH SOLE 18200 0 43200
PREVIEW TRAVEL INC COM COM 74137R101 894 55000 SH SOLE 49500 0 5500
PRIDE INTL INC PDE 0% 4/24/18 CONVERTIBLE BOND 741932AB3 884 2600000 PRN SOLE 2200000 0 400000
PRIME HOSPITALITY CORP COM 741917108 422 52800 SH SOLE 41100 0 11700
PROMUS HOTEL CORP NEW COM COM 74342P106 3735 114700 SH SOLE 29800 0 84900
PUBLIC SVC CO N MEX COM COM 744499104 2825 154800 SH SOLE 137400 0 17400
QUESTAR CORP COM COM 748356102 6913 381400 SH SOLE 299800 0 81600
R & B FALCON CORP COM 74912E101 5975 455275 SH SOLE 310919 0 144356
RELIANCE GROUP HLDGS INC COM 759464100 3164 712970 SH SOLE 290463 0 422507
RELIASTAR FINL CORP COM 75952U103 7056 212200 SH SOLE 94300 0 117900
REPUBLIC SERVICES INC COM 760759100 8865 815200 SH SOLE 673000 0 142200
RESOURCE BANCSHARES MTG GRP CO COM 761197102 66 13300 SH SOLE 1800 0 11500
RITE AID CORP COM 767754104 13094 948000 SH SOLE 375700 0 572300
ROHN INDS INC COM COM 775381106 1117 558300 SH SOLE 384100 0 174200
ROLLINS TRUCK LEASING CORP COM 775741101 203 20000 SH SOLE 0 0 20000
RYDER SYS INC COM COM 783549108 611 30000 SH SOLE 21100 0 8900
SAKS INC COM COM 79377W108 7980 525400 SH SOLE 405100 0 120300
SANTA FE SNYDER CORPORATION COM 80218K105 1029 114373 SH SOLE 14029 0 100344
SBC COMMUNICATIONS INC COM 78387G103 488 9550 SH SOLE 0 0 9550
SBS BROADCASTING ORD COM L8137F102 1984 51207 SH SOLE 18500 0 32707
SCHLUMBERGER COM 806857108 1832 29400 SH SOLE 28400 0 1000
SCIENT CORP COM 80864H109 384 6000 SH SOLE 6000 0 0
SEACOR SMIT INC COM 811904101 928 18100 SH SOLE 9000 0 9100
SHAW COMMUNICATIONS INC CL B C COM 82028K200 1295 47000 SH SOLE 35300 0 11700
SILICON GRAPHICS INC COM 827056102 219 20000 SH SOLE 20000 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 13386 1477100 SH SOLE 554500 0 922600
SMITHKLINE BEECHAM P L C ADR R COM 832378301 1665 28900 SH SOLE 28100 0 800
SPRINT CORP PCS COM SER 1 COM 852061506 2192 29400 SH SOLE 26900 0 2500
STEEL DYNAMICS INC COM 858119100 265 16900 SH SOLE 0 0 16900
SUIZA FOODS CORP COM COM 865077101 1673 44600 SH SOLE 20100 0 24500
SUN MICROSYSTEMS INC COM 866810104 6891 74100 SH SOLE 68600 0 5500
SUPERIOR ENERGY SVCS INC COM COM 868157108 239 37900 SH SOLE 4900 0 33000
TASTY BAKING CO COM 876553306 224 19300 SH SOLE 12200 0 7100
TECH SYM CORP COM 878308105 591 30000 SH SOLE 30000 0 0
TESORO PFD A CONVERTIBLE PREF 881609408 2300 146600 SH SOLE 68800 0 77800
TEXACO INC COM 881694103 13036 206511 SH SOLE 185081 0 21430
TEXAS INSTRS INC COM 882508104 38020 462250 SH SOLE 386050 0 76200
TITAN EXPL INC COM 888289105 444 90000 SH SOLE 4000 0 86000
TOSCO CORP COM NEW COM 891490302 5232 207200 SH SOLE 94600 0 112600
TRANSAMERICA FIN 7.1 11/01/28 PREFERRED STOCKS 893950204 425 19300 SH SOLE 11700 0 7600
TRANSCOASTAL MARINE SVCS INCCO COM 893537100 363 63100 SH SOLE 38100 0 25000
TRANSOCEAN OFFSHORE INC ORD COM G90076103 3598 117500 SH SOLE 74800 0 42700
TRAVELERS PPTY CAS CORP CL A COM 893939108 11374 385550 SH SOLE 179600 0 205950
TRIARC COS INC CL A COM 895927101 620 28900 SH SOLE 21000 0 7900
TRIBUNE CO COM 896047107 1274 25600 SH SOLE 25600 0 0
TRINET CORP RLTY TR INC COM 896287109 4301 180600 SH SOLE 136100 0 44500
TRINITY INDS INC COM 896522109 22661 733975 SH SOLE 541800 0 192175
TRITON ENERGY LTD CL A ORD COM G90751101 997 70900 SH SOLE 32900 0 38000
TYSON FOODS INC CL A COM 902494103 6598 401400 SH SOLE 394300 0 7100
U S INDS INC NEW COM 912080108 573 36400 SH SOLE 32400 0 4000
UNIGENE LABS INC COM COM 904753100 315 420000 SH SOLE 350000 0 70000
UNION PAC CORP COM 907818108 1126 23420 SH SOLE 2000 0 21420
UNION PAC RES GROUP INC COM 907834105 13841 851750 SH SOLE 737450 0 114300
UNITED STATIONERS INC COM COM 913004107 4020 188600 SH SOLE 129600 0 59000
UNITEDGLOBALCOM 7% SERIES C CO CONVERTIBLE PREF 913247102 4121 70000 SH SOLE 70000 0 0
UNUMPROVIDENT CORP COM 91529Y106 236 8030 SH SOLE 3800 0 4230
URBAN SHOPPING CTRS INC COM 917060105 1721 59100 SH SOLE 43400 0 15700
US AIRWAYS GROUP INC COM COM 911905107 604 23000 SH SOLE 23000 0 0
USG CORP NEW COM 903293405 80417 1688550 SH SOLE 1236047 0 452503
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