FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 February 10, 2000
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: 276
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,447,921,000
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3 COM CORP COM COM 885535104 1922 40900 SH SOLE 35800 0 5100
ADOBE SYS INC COM 00724F101 8958 133200 SH SOLE 125700 0 7500
ADVANCED FIBRE COMM INC COM COM 00754A105 1140 25500 SH SOLE 25000 0 500
ADVO INC COM 007585102 12360 520400 SH SOLE 356975 0 163425
AETNA INC COM 008117103 815 14600 SH SOLE 14400 0 200
AFFYMETRIX INC OC-CAP STK COM 00826T108 1951 11500 SH SOLE 11500 0 0
AGRIUM INC COM 008916108 142 18000 SH SOLE 0 0 18000
AK STL HLDG CORP COM COM 001547108 7226 382827 SH SOLE 297806 0 85021
AKER RGI 5.25 07/23/02 CONVERTIBLE BOND 401996W66 503 500000 PRN SOLE 500000 0 0
ALLIED WASTE INDS INC COM NEW COM 019589308 132 15000 SH SOLE 5000 0 10000
ALLMERICA FINL CORP COM 019754100 1496 26900 SH SOLE 9000 0 17900
ALTERA CORP COM COM 021441100 8609 173700 SH SOLE 111500 0 62200
AMERADA HESS CORP COM 023551104 6573 115828 SH SOLE 80700 0 35128
AMERICAN HOME PRODS CORP COM 026609107 18412 469100 SH SOLE 233750 0 235350
AMERICAN INTL GROUP INC COM 026874107 1207 11161 SH SOLE 7875 0 3286
AMERICAN NATIONAL CAN GROUP, I COM 027714104 1591 122400 SH SOLE 96400 0 26000
AMERICAN TOWER CORP 2.250% 10/ CONVERTIBLE BOND 029912AC6 1446 1500000 PRN SOLE 1500000 0 0
AMES DEPT STORES INC COM NEW COM 030789507 3250 112800 SH SOLE 78200 0 34600
AMGEN INC COM 031162100 2246 37400 SH SOLE 32000 0 5400
AMR CORP DEL COM 001765106 20789 310282 SH SOLE 155582 0 154700
ANDREA ELECTRONIC CORP COM COM 034393108 4112 534900 SH SOLE 319600 0 215300
APP FINANCE VI MAURITIUS LTD 0 CONVERTIBLE BOND 00202NAA3 10025 56478000 PRN SOLE 50440000 0 6038000
APPLIED MATLS INC COM 038222105 9654 76200 SH SOLE 71600 0 4600
APT SATELLITE HLDGS LTD SPONSO COM 00203R105 723 156300 SH SOLE 124000 0 32300
ARM FINL GROUP INC CL A COM 001944107 1 60000 SH SOLE 60000 0 0
ARMSTRONG WORLD INDS INC COM COM 042476101 3439 103050 SH SOLE 41800 0 61250
ARROW ELECTRS INC COM 042735100 18457 727350 SH SOLE 589925 0 137425
ASCENT ENTMT GROUP INC COM 043628106 127 10000 SH SOLE 10000 0 0
ASHLAND INC COM 044204105 6389 193975 SH SOLE 148700 0 45275
ASK CORP COM 00206E101 0 55000 SH SOLE 0 0 55000
ASSOCIATES FIRST CAP CORP CL A COM 046008108 3704 135000 SH SOLE 33900 0 101100
AT&T CORP COM 001957109 6478 127491 SH SOLE 81823 0 45668
AUTODIE CORP SDCV 7.000 5/01/1 CONVERTIBLE BOND 052770AA2 34 675000 PRN SOLE 675000 0 0
AVIS RENT A CAR INC COM COM 053790101 8246 322600 SH SOLE 99100 0 223500
BANK OF AMERICA COM 060505104 224 4458 SH SOLE 0 0 4458
BANK ONE CORP COM 06423A103 6578 205570 SH SOLE 116170 0 89400
BARD, C R INC COM 067383109 1802 34000 SH SOLE 31100 0 2900
BEAR STEARNS COS INC COM 073902108 18336 428913 SH SOLE 136918 0 291995
BEAZER HOMES USA INC COM 07556Q105 1802 93600 SH SOLE 64100 0 29500
BECTON DICKINSON & CO COM 075887109 884 32800 SH SOLE 30400 0 2400
BEDFORD PPTY INVS INC COM PAR COM 076446301 237 13900 SH SOLE 3700 0 10200
BELLSOUTH CORP COM 079860102 1571 33570 SH SOLE 31500 0 2070
BELO A H CORP COM SER A COM 080555105 5251 275450 SH SOLE 166000 0 109450
BEVERLY ENTERPRISES INC COM NE COM 087851309 2840 649054 SH SOLE 589500 0 59554
BIOGEN INC COM COM 090597105 5007 59250 SH SOLE 40450 0 18800
BOEING CO COM 097023105 769 18560 SH SOLE 18000 0 560
BRANDYWINE RLTY TR SH BEN INT COM 105368203 580 35400 SH SOLE 4000 0 31400
BRISTOL MYERS SQUIBB CO COM 110122108 218 3400 SH SOLE 3400 0 0
BUDGET GROUP INC CL A COM 119003101 552 60900 SH SOLE 6300 0 54600
BWAY CORP COM COM 056039100 236 38600 SH SOLE 21700 0 16900
CABLEVISION SYS CORP CL A COM 12686C109 19454 257675 SH SOLE 174150 0 83525
CANADIAN HOTL INCM PPTY REITUN COM 135928109 1374 225280 SH SOLE 225280 0 0
CANADIAN PAC LTD NEW COM 135923100 291 13500 SH SOLE 5700 0 7800
CAPSTAR HOTEL CO NOTE 4.750 10 CONVERTIBLE BOND 140918AC7 745 1000000 PRN SOLE 1000000 0 0
CAPSTEAD MTG CORP PFD B CV $1. CONVERTIBLE PREF 14067E308 3971 418000 SH SOLE 366100 0 51900
CBS CORPORATION COM 12490K107 6733 105300 SH SOLE 70700 0 34600
CHASE MANHATTAN CORP NEW COM 16161A108 1049 13500 SH SOLE 13500 0 0
CHESAPEAKE ENERGY CORP COM COM 165167107 38 16000 SH SOLE 0 0 16000
CHICAGO BRIDGE & IRON CO ORD COM N19808109 1469 106800 SH SOLE 91900 0 14900
CHICAGO TITLE CORP COM COM 168228104 231 5000 SH SOLE 5000 0 0
CII FINL INC SDCV 7.500 9/15/0 CONVERTIBLE BOND 12551LAB7 282 400000 PRN SOLE 300000 0 100000
CINERGY CORP COM 172474108 8558 357500 SH SOLE 174100 0 183400
CISCO SYSTEMS INC. COM 17275R102 11125 103850 SH SOLE 97050 0 6800
CITIGROUP INC. COM 172967101 26769 480697 SH SOLE 187872 0 292825
CKE RESTAURANTS INC COM PAR $0 COM 12561E105 338 57500 SH SOLE 56000 0 1500
CMS ENERGY 8.75 CONV PFD 07/01 CONVERTIBLE PREF 125896308 19139 565000 SH SOLE 511800 0 53200
COASTAL CORP COM 190441105 248 7000 SH SOLE 7000 0 0
COGNEX CORP COM COM 192422103 944 24200 SH SOLE 22000 0 2200
COLUMBIA / HCA HEALTHCARE CP COM 197677107 387 13200 SH SOLE 2600 0 10600
COMPAQ COMPUTER CORP COM 204493100 5775 213400 SH SOLE 88000 0 125400
CONNECTICUT BANCORP INC COM 207534108 0 10000 SH SOLE 10000 0 0
CONOCO INC CL A COM 208251306 5480 221400 SH SOLE 117200 0 104200
CONSECO INC COM COM 208464107 2104 118100 SH SOLE 48600 0 69500
CONSOLIDATED STORES CORP COM COM 210149100 3039 187000 SH SOLE 71900 0 115100
CONTINENTAL AIRLS INC CL B COM 210795308 11981 270000 SH SOLE 187700 0 82300
CONVERGYS CORP COM COM 212485106 923 30000 SH SOLE 19000 0 11000
COOPER TIRE & RUBR CO COM 216831107 898 57000 SH SOLE 57000 0 0
CORN PRODS INTL INC COM COM 219023108 2476 75600 SH SOLE 46900 0 28700
CORNERSTONE PPTYS INC CDT-COM COM 21922H103 2078 142100 SH SOLE 51800 0 90300
CORPORATE OFFICE PPTYS TR COM COM 22002T108 3942 517000 SH SOLE 507000 0 10000
COUNTRYWIDE CR INDS INC COM 222372104 45852 1815919 SH SOLE 1318348 0 497571
CRANE CO COM 224399105 206 10350 SH SOLE 6050 0 4300
CRESTLINE CAP CORP COM COM 226153104 309 15004 SH SOLE 3500 0 11504
D R HORTON INC COM COM 23331A109 1587 114900 SH SOLE 50500 0 64400
DAIMLERCHRYSLER AG ORD COM D1668R123 25400 325646 SH SOLE 231005 0 94641
DECS TR VI DECS EXCHNG A PREFERRED STOCKS 24366Q209 1025 25000 SH SOLE 25000 0 0
DELL COMPUTER CORP COM 247025109 5916 116000 SH SOLE 108200 0 7800
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 10684 678333 SH SOLE 411593 0 266740
DELPHI FINL GROUP INC CL A COM 247131105 879 29294 SH SOLE 24602 0 4692
DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 4105 134300 SH SOLE 95400 0 38900
DISNEY WALT PRODTNS COM 254687106 610 20850 SH SOLE 5664 0 15186
DOLLAR THRIFTY AUTOMOTIVE-W.I. COM 256743105 6644 277562 SH SOLE 126562 0 151000
DUN & BRADSTREET CORP DEL COM COM 26483B106 11525 390675 SH SOLE 123300 0 267375
E M C CORP MASS COM COM 268648102 308 2820 SH SOLE 1800 0 1020
ELBIT SYSTEMS LTD ORD COM M3760D101 466 30300 SH SOLE 11000 0 19300
ELECTRONICS FOR IMAGING INC COM 286082102 1372 23600 SH SOLE 21000 0 2600
ENGELHARD CORP COM COM 292845104 5457 289100 SH SOLE 269900 0 19200
ENSCO INTL INC COM 26874Q100 5199 227300 SH SOLE 162900 0 64400
ENTERTAINMENT PPTYS TR COM SH COM 29380T105 3126 237018 SH SOLE 163800 0 73218
ENVRNMNTL REMEDIATN HLD CRP CO COM 29406V100 6 200000 SH SOLE 200000 0 0
EOG RESOURCES INC. COM 26875P101 1263 71909 SH SOLE 44100 0 27809
EVEREST REINS HLDGS INC COM COM 299808105 9209 412750 SH SOLE 361750 0 51000
EXODUS COMMUNICATIONS INC COM 302088109 7247 81600 SH SOLE 74400 0 7200
EXXON CORPORATION COM 30231G102 507 6288 SH SOLE 0 0 6288
FEDERAL NAT MORTGAGE ASSN COM 313586109 5114 81900 SH SOLE 72600 0 9300
FIRST INDL RLTY TR INC COM 32054K103 78869 2874507 SH SOLE 2478800 0 395707
FIRST UN CORP COM 337358105 264 8000 SH SOLE 2000 0 6000
FIRST WASHINGTON RLTY TR INCCO COM 337489504 4205 225000 SH SOLE 185500 0 39500
FNM JAN01 CALL @80 OPTION - CALL 31358Y9AP 50 130 SH CALL SOLE 130 0 0
FORD MOTOR COM 345370100 61555 1154600 SH SOLE 990500 0 164100
FORT JAMES CORPORATION COM 347471104 2915 106500 SH SOLE 37400 0 69100
FOX ENTERTAINMENT GRP INC. A COM 35138T107 2716 108900 SH SOLE 73700 0 35200
GENE LOGIC INC COM COM 368689105 451 17000 SH SOLE 17000 0 0
GENERAL ELEC CO COM 369604103 1636 10573 SH SOLE 6288 0 4285
GENERAL MTRS CORP COM 370442105 21292 292928 SH SOLE 116188 0 176740
GENRAD INC COM COM 372447102 1008 62500 SH SOLE 47800 0 14700
GEORGIA PAC CORP COM COM 373298108 11987 236200 SH SOLE 195100 0 41100
GIBRALTAR STL CORP COM 37476F103 2632 112600 SH SOLE 91500 0 21100
GLENBOROUGH RLTY TR INC COM COM 37803P105 170 12700 SH SOLE 7000 0 5700
GLOBAL MARINE INC NEW COM 379352404 11247 676500 SH SOLE 557200 0 119300
GLOBALSTAR TELECOMMUNICATION COM G3930H104 462 10500 SH SOLE 10500 0 0
GOVERNMENT SECS INCOME FD UNIT MUTUAL FUNDS 383744331 6 48815 SH SOLE 48815 0 0
GULF CDA RES LTD ORD COM 40218L305 8019 2375950 SH SOLE 1324500 0 1051450
HARCOURT GEN INC COM 41163G101 3208 79700 SH SOLE 4900 0 74800
HAYES LEMMERZ INTL COM 420781106 698 40000 SH SOLE 20000 0 20000
HERTZ CORP CL A COM 428040109 4200 83800 SH SOLE 41800 0 42000
HIBERNIA CORP CL A COM 428656102 1662 156400 SH SOLE 142400 0 14000
HILTON HOTELS CORP COM COM 432848109 639 66860 SH SOLE 62200 0 4660
HOLLINGER INTL INC CL A COM 435569108 4236 327400 SH SOLE 37300 0 290100
HONEYWELL INTERNATIONAL, INC. COM 438516106 288 5000 SH SOLE 0 0 5000
HOST MARRIOTT CORP NEW COM COM 44107P104 218 26408 SH SOLE 0 0 26408
HOVNANIAN ENTERPRISES INC CL A COM 442487203 222 34900 SH SOLE 12000 0 22900
HUMAN GENOME SCIENCES INC COM COM 444903108 1603 21000 SH SOLE 21000 0 0
HUSSMANN INTL INC COM COM 448110106 987 65500 SH SOLE 38900 0 26600
I B M COM 459200101 32803 304081 SH SOLE 164559 0 139522
IBP INC COM 449223106 5346 297000 SH SOLE 273000 0 24000
ICN PHARMACEUTICAL INC NEW COM 448924100 9556 377529 SH SOLE 255370 0 122159
IMC GLOBAL INC COM 449669100 1507 92000 SH SOLE 62100 0 29900
IMCLONE SYS INC COM 45245W109 3265 82400 SH SOLE 76400 0 6000
INDYMAC MTG HLDGS INC COM COM 456607100 1919 150500 SH SOLE 86600 0 63900
INFINITY BROADCASTING CORP A COM 45662S102 10916 301650 SH SOLE 180350 0 121300
INTEL CORP COM 458140100 39596 481050 SH SOLE 334700 0 146350
INTERSTATE BAKERIES CORP DELCO COM 46072H108 3853 212600 SH SOLE 174000 0 38600
INTUIT INC COM COM 461202103 5844 97500 SH SOLE 89300 0 8200
INVACARE CORP COM 461203101 213 10600 SH SOLE 2500 0 8100
ITRON INC COM 465741106 153 25000 SH SOLE 11000 0 14000
JAVELIN SYS INC COM COM 471896100 2064 224700 SH SOLE 199700 0 25000
JOHNS-MANVILLE CORP NEW COM COM 478129109 307 22000 SH SOLE 22000 0 0
JONES INTERCABLE INC CL A COM 480206200 8934 128900 SH SOLE 40150 0 88750
K MART CORP COM 482584109 1977 196450 SH SOLE 165350 0 31100
KEYSPAN CORP COM 49337W100 5715 246475 SH SOLE 229500 0 16975
KOOR INDS LTD SPONSORED ADR COM 500507108 1106 55300 SH SOLE 33800 0 21500
LENNAR CORP COM 526057104 1708 105100 SH SOLE 92300 0 12800
LEXINGTON CORPORATE PPTYS TRCO COM 529043101 1029 112000 SH SOLE 56500 0 55500
LEXMARK INTL GROUP INC CL A COM 529771107 914 10100 SH SOLE 9100 0 1000
LIBERTY PPTY TR SH BEN INT COM 531172104 1594 64400 SH SOLE 44100 0 20300
LOCKHEED MARTIN CORP COM COM 539830109 785 35900 SH SOLE 29300 0 6600
LOUISIANA PAC CORP COM 546347105 170 12100 SH SOLE 12100 0 0
MACK CALI RLTY CORP COM COM 554489104 2674 102600 SH SOLE 16500 0 86100
MARK IV INDS INC COM 570387100 5425 306725 SH SOLE 118200 0 188525
MARTIN MARIETTA MTLS INC COM 573284106 508 12400 SH SOLE 4400 0 8000
MCI WORLDCOM COM 55268B106 3940 74250 SH SOLE 68400 0 5850
MCKESSON HBOC INC. COM 58155Q103 4271 189800 SH SOLE 39100 0 150700
MEDIAONE GROUP INC COM COM 58440J104 4092 53269 SH SOLE 36750 0 16519
MEDIMMUNE INC COM COM 584699102 1410 8500 SH SOLE 7000 0 1500
MERCK & CO INC COM 589331107 718 10680 SH SOLE 2800 0 7880
MERISTAR HOSPITALITY CORP COM COM 58984Y103 2112 132000 SH SOLE 80300 0 51700
MERISTAR HOTELS & RESORTS INCO COM 589988104 146 41067 SH SOLE 7931 0 33136
MERRILL LYNCH & CO INC COM 590188108 30442 365400 SH SOLE 238384 0 127016
METROMEDIA INTL GROUP INC PFD CONVERTIBLE PREF 591695200 249 8300 SH SOLE 3400 0 4900
MICRON TECHNOLOGY INC COM 595112103 25000 320000 SH SOLE 227060 0 92940
MICROSOFT CORP COM 594918104 5878 50350 SH SOLE 40800 0 9550
MILLENNIUM PHARMACTCLS INC COM COM 599902103 732 6000 SH SOLE 6000 0 0
MINERALS TECHNOLOGIES INC COM COM 603158106 401 10000 SH SOLE 10000 0 0
MINIMED INC COM COM 60365K108 513 7000 SH SOLE 5000 0 2000
MISSOURI KANS TEX RR CO NON IN COM 606113207 207 3798 SH SOLE 3798 0 0
MITCHELL ENERGY & DEV CORP CL COM 606592301 843 39100 SH SOLE 3700 0 35400
MONDAVI ROBERT CORP CL A COM 609200100 608 17500 SH SOLE 17500 0 0
MONTANA PWR CO COM 612085100 3307 91700 SH SOLE 57700 0 34000
MOTOROLA INC COM 620076109 221 1500 SH SOLE 1500 0 0
NAM TAI ELECTRONICS INC PAR $0 COM 629865205 148 10650 SH SOLE 7200 0 3450
NEIMAN MARCUS A COM 640204202 335 12000 SH SOLE 1400 0 10600
NEWS CORP LTD ADR SPONS PREF COM 652487802 45387 1357376 SH SOLE 698900 0 658476
NOBLE DRILLING CORP COM 655042109 17678 539790 SH SOLE 405890 0 133900
NOBLE INTERNATIONAL COM 655053106 3244 225700 SH SOLE 155600 0 70100
NORTHERN TR CORP COM COM 665859104 530 10000 SH SOLE 10000 0 0
NORTHWEST AIRLINES CORP COM COM 667280101 2114 95000 SH SOLE 58400 0 36600
NTL INC COM 629407107 2918 29243 SH SOLE 10484 0 18759
NUEVO ENERGY CO COM 670509108 386 20600 SH SOLE 5700 0 14900
OCEAN ENERGY INC. COM 67481E106 579 74700 SH SOLE 65900 0 8800
OMNICARE INC COM COM 681904108 468 39000 SH SOLE 25100 0 13900
OWENS ILL INC NEW COM 690768403 446 17800 SH SOLE 16200 0 1600
PACIFIC GULF PPTYS INC COM COM 694396102 618 30500 SH SOLE 10800 0 19700
PACIFIC SUMMA CAP CORP COM COM 694920109 1 25000 SH SOLE 0 0 25000
PARTY CITY CORP COM COM 702145103 75 75000 SH SOLE 75000 0 0
PATINA OIL & GAS CORP COM 703224105 2197 254760 SH SOLE 141300 0 113460
PEAK INTERNATIONAL LIMITED ORD COM G69586108 1076 105000 SH SOLE 91800 0 13200
PEAK TRENDS TRUST CONV PREF CONVERTIBLE PREF 70468N107 4195 486400 SH SOLE 381400 0 105000
PENN ENGR & MFG CORP NON-VTG COM 707389300 678 29300 SH SOLE 24000 0 5300
PETRO-CDA COM 71644E102 1841 128100 SH SOLE 45900 0 82200
PFIZER INC COM 717081103 788 24300 SH SOLE 20700 0 3600
PHARMACIA & UPJOHN INC COM 716941109 639 14200 SH SOLE 13900 0 300
PIONEER STD ELECTRS INC COM COM 723877106 7046 488053 SH SOLE 319953 0 168100
PIXAR COM COM 725811103 1737 49100 SH SOLE 40800 0 8300
POTASH CORP SASK INC COM 73755L107 1952 40500 SH SOLE 16600 0 23900
PRIDE INTL INC PDE 0% 4/24/18 CONVERTIBLE BOND 741932AB3 865 2600000 PRN SOLE 2200000 0 400000
PRIME HOSPITALITY CORP COM 741917108 226 25700 SH SOLE 22000 0 3700
PUBLIC SVC CO N MEX COM COM 744499104 3138 193100 SH SOLE 178700 0 14400
QUESTAR CORP COM COM 748356102 4472 298100 SH SOLE 243600 0 54500
QUESTCOR PHARMACEUTICALS INCCO COM 74835Y101 22 17900 SH SOLE 17900 0 0
R & B FALCON CORP COM 74912E101 6019 454289 SH SOLE 295713 0 158576
RELIANCE GROUP HLDGS INC COM 759464100 740 111700 SH SOLE 87000 0 24700
RELIASTAR FINL CORP COM 75952U103 11282 287900 SH SOLE 90400 0 197500
REPUBLIC SERVICES INC COM 760759100 20893 1466200 SH SOLE 1103700 0 362500
REYNOLDS & REYNOLDS CO CLASS A COM 761695105 5085 226000 SH SOLE 76300 0 149700
RITE AID CORP COM 767754104 910 81800 SH SOLE 48900 0 32900
ROHN INDS INC COM COM 775381106 1889 657100 SH SOLE 431000 0 226100
ROLLINS TRUCK LEASING CORP COM 775741101 418 35000 SH SOLE 25000 0 10000
RYDER SYS INC COM COM 783549108 572 23400 SH SOLE 20600 0 2800
SAKS INC COM COM 79377W108 1647 105800 SH SOLE 58500 0 47300
SANTA FE SNYDER CORPORATION COM 80218K105 723 90336 SH SOLE 9829 0 80507
SBC COMMUNICATIONS INC COM 78387G103 538 11039 SH SOLE 0 0 11039
SBS BROADCASTING ORD COM L8137F102 1953 40118 SH SOLE 13500 0 26618
SCIENT CORP COM 80864H109 726 8400 SH SOLE 8400 0 0
SEACOR SMIT INC COM 811904101 730 14100 SH SOLE 9000 0 5100
SHAW COMMUNICATIONS INC CL B C COM 82028K200 5929 179000 SH SOLE 125900 0 53100
SINCLAIR BROADCAST GROUP INCCL COM 829226109 14273 1169600 SH SOLE 390200 0 779400
SK TELECOM LTD ADR SPONSORED COM 78440P108 26122 680700 SH SOLE 490100 0 190600
SNYDER COMMUNICATIONS INC COM COM 832914105 578 30000 SH SOLE 16800 0 13200
SOFTWORKS INC COM COM 83404P102 457 47000 SH SOLE 30000 0 17000
SOVEREIGN CAP TR 7.50 11/15/29 PREFERRED STOCKS 845905306 500 10000 SH SOLE 10000 0 0
SPRINT CORP PCS COM SER 1 COM 852061506 2573 50200 SH SOLE 46200 0 4000
STARWOOD FINANCIAL COM 85569R104 990 58650 SH SOLE 24265 0 34385
SUN MICROSYSTEMS INC COM 866810104 11755 151800 SH SOLE 140400 0 11400
SUPERIOR ENERGY SVCS INC COM COM 868157108 182 26900 SH SOLE 4900 0 22000
TELEDYNE TECHNOLOGIES INC COM COM 879360105 1415 149900 SH SOLE 128250 0 21650
TELEFONOS DE MEXICO ADR COM 879403400 43 15748 SH SOLE 0 0 15748
TESORO PFD A CONVERTIBLE PREF 881609408 1374 114500 SH SOLE 59800 0 54700
TEXACO INC COM 881694103 11006 202633 SH SOLE 162900 0 39733
TEXAS INSTRS INC COM 882508104 29854 308970 SH SOLE 257870 0 51100
TIME WARNER INC COM 887315109 12713 175800 SH SOLE 60100 0 115700
TITAN EXPL INC COM 888289105 144 26500 SH SOLE 4000 0 22500
TOSCO CORP COM NEW COM 891490302 3836 141100 SH SOLE 60800 0 80300
TRANSAMERICA FIN 7.1 11/01/28 PREFERRED STOCKS 893950204 312 15613 SH SOLE 8600 0 7013
TRANSOCEAN SEDCO FOREX INC COM COM G90078109 7388 219300 SH SOLE 124800 0 94500
TRAVELERS PPTY CAS CORP CL A COM 893939108 14097 411600 SH SOLE 139900 0 271700
TRIARC COS INC CL A COM 895927101 217 11800 SH SOLE 9000 0 2800
TRIBUNE CO COM 896047107 1410 25600 SH SOLE 25600 0 0
TRINITY INDS INC COM 896522109 12546 441175 SH SOLE 307500 0 133675
TRITON ENERGY LTD CL A ORD COM G90751101 813 39400 SH SOLE 10100 0 29300
TYSON FOODS INC CL A COM 902494103 3734 229800 SH SOLE 224000 0 5800
UNIGENE LABS INC COM COM 904753100 308 540000 SH SOLE 440000 0 100000
UNION PAC CORP COM 907818108 4243 97120 SH SOLE 82000 0 15120
UNION PAC RES GROUP INC COM 907834105 10693 838700 SH SOLE 645600 0 193100
UNITED STATIONERS INC COM COM 913004107 12755 446550 SH SOLE 307425 0 139125
UNITEDGLOBALCOM 7% SERIES C CO CONVERTIBLE PREF 913247102 589 10000 SH SOLE 10000 0 0
UNITEDGLOBALCOM 7% SERIES D CONVERTIBLE PREF 913247805 367 6000 SH SOLE 6000 0 0
UNITEDGLOBALCOM CL A COM 913247508 706 10000 SH SOLE 10000 0 0
UNIVERSAL ELECTRS INC COM COM 913483103 2254 98000 SH SOLE 38800 0 59200
UNUMPROVIDENT CORP COM 91529Y106 222 6930 SH SOLE 3800 0 3130
URBAN SHOPPING CTRS INC COM 917060105 334 12300 SH SOLE 11900 0 400
USG CORP NEW COM 903293405 62189 1319663 SH SOLE 962647 0 357016
USWEB CORP COM COM 917327108 1578 35500 SH SOLE 34000 0 1500
USX MARATHON GROUP COM 902905827 1768 71600 SH SOLE 56100 0 15500
VARIAN MED SYS INC COM COM 92220P105 4060 136200 SH SOLE 80600 0 55600
VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 231 6800 SH SOLE 800 0 6000
VERITAS SOFTWARE CO COM 923436109 15154 105880 SH SOLE 98000 0 7880
WAL MART STORES INC COM 931142103 1383 20000 SH SOLE 19800 0 200
WARNER LAMBERT CO COM 934488107 393 4800 SH SOLE 0 0 4800
WASTE MGMT INC DEL COM COM 94106L109 2277 132500 SH SOLE 91000 0 41500
WESTPOINT STEVENS INC COM COM 961238102 236 13500 SH SOLE 11000 0 2500
WHX CORP COM COM 929248102 90 10000 SH SOLE 0 0 10000
WILSONS LEATHER EXPERTS INC CO COM 972463103 2975 161350 SH SOLE 102800 0 58550
XEROX CORP COM 984121103 645 28450 SH SOLE 22850 0 5600
YAHOO INC COM COM 984332106 12115 28000 SH SOLE 25700 0 2300
YOUNG BROADCASTING INC CL A COM 987434107 8854 173600 SH SOLE 23200 0 150400
</TABLE>
