<PAGE>
UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Schroder & Co. Inc.
Equitable Center
787 7th Avenue
New York, NY 10019-6016
Form 13F File Number: 28-652
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: Patrick J. Borruso
Title: Secretary
Phone: (212) 492-6000
Signature, Place, and Date of Signing:
/s/ Patrick J. Borruso New York, NY August 9, 1999
- ------------------------- [City, State] [Date]
[Signature]
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 492
Form 13F Information Table Value Total (thousands): $778,474,577
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ ----- --------- --------- ---------------------- -------- -------- ----------------------------------
INVEST- VOTING AUTHORITY
TITLE MENT ----------------------------------
NAME OF ISSUER OF VALUE SHRS OR SH/ PUT/ DISCRE- OTHER
CLASS CUSIP (X$1000) PRN AMT PRN CALL TION MANAGERS SOLE SHARED* NONE
- ------------------------ ----- --------- --------- ---------- --- ---- -------- -------- ----------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAIMLERCHRYSLER AG ORD COM D1668R123 1,343 15,095 SH SHAR X 10,000 5,095
CENTRAL EUROPEAN MEDIA COM G20045103 115 17,800 SH SHAR X 14,400 3,400
GLOBAL CROSSING LTD COM OPT G3921A 622 14,600 SH SHAR X 14,600
GLOBALSTAR TELECOMMUNICA COM G3930H104 453 19,562 SH SHAR X 19,562
IRIDIUM WORLD COMM INC OPT G49398 268 25,100 SH SHAR X 25,100
LORAL SPACE & COMMUNICAT COM G56462107 907 50,400 SH SHAR X 50,400
LORAL SPACE & COMMUNICAT PFD G56462149 1,259 25,000 SH SHAR X 25,000
PARTNERRE LTD. COM COM G6852T105 508 13,600 SH SHAR X 13,600
XL CAPITAL LTD COM G98255105 484 8,573 SH SHAR X 8,573
STOLT COMEX SEAWAY SA CO COM L8873E103 166 15,293 SH SHAR X 12,293 3,000
GALILEO TECHNOLOGY LTD COM M47298100 230 5,097 SH SHAR X 5,097
AES CORP COM OPT 00130H 1,453 25,000 SH SHAR X 25,000
AES CORP COM OPT 00130H 290 5,000 SH SHAR X 5,000
AMR CORP DEL COM OPT 001765 204 3,000 SH SHAR X 3,000
AT&T CORP COM 001957109 10,265 183,925 SH SHAR X 183,925
AT&T CORP COM 001957208 9,032 245,774 SH SHAR X 245,774
AASTROM BIOSCIENCES INC COM 00253U107 21 17,500 SH SHAR X 17,500
ABBOTT LABS COM COM 002824100 2,846 62,736 SH SHAR X 22,000 40,736
ABBOTT LABS COM OPT 002824 1,815 40,000 SH SHAR X 40,000
ADOBE SYS INC COM COM 00724F101 1,141 13,900 SH SHAR X 13,900
ADVANCED MICRO DEVICES I COM 007903107 496 27,500 SH SHAR X 27,500
ADVANCED MICRO DEVICES I OPT 007903 496 27,500 SH SHAR X 27,500
AIRTOUCH COMMUNICATIONS COM 00949T100 652 6,060 SH SHAR X 6,060
ALKERMES INC PFD 01642T405 719 15,000 SH SHAR X 15,000
ALLIED SIGNAL INC COM COM 019512102 2,998 47,596 SH SHAR X 47,596
ALLSTATE CORP COM COM 020002101 740 20,631 SH SHAR X 20,631
ALLTEL CORP COM COM 020039103 437 6,112 SH SHAR X 6,112
ALTERNATIVE LIVING SVCS DEBT 02145KAB3 1,168 1,498,000 SH SHAR X 1,498,000
ALZA CORP COM COM 022615108 10,567 207,720 SH SHAR X 188,700 19,020
ALZA CORP DEBT 022615AC2 3,450 5,288,000 SH SHAR X 5,288,000
ALZA CORP COM OPT 022615 1,297 25,500 SH SHAR X 25,500
AMERADA HESS CORP COM COM 023551104 699 11,750 SH SHAR X 11,750
AMERICA ONLINE INC DEL C COM 02364J104 8,152 74,117 SH SHAR X 5,000 69,117
AMERICAN BANKERS INS GRO COM 024456105 2,133 39,200 SH SHAR X 39,200
AMERICAN EXPRESS CO COM COM 025816109 5,685 43,695 SH SHAR X 43,695
AMERICAN GEN CORP COM COM 026351106 860 11,419 SH SHAR X 7,000 4,419
AMERICAN GEN CORP COM OPT 026351 1,884 25,000 SH SHAR X 25,000
AMERICAN HOME PRODS CORP COM 026609107 5,461 95,189 SH SHAR X 95,189
AMERICAN INTL GROUP INC COM 026874107 28,606 243,975 SH SHAR X 243,975
AMERICAN RETIREMENT CORP DEBT 028913AA9 3,227 4,098,000 SH SHAR X 3,873,000 225,000
AMERICAN PWR CONVERSION COM 029066107 233 11,600 SH SHAR X 11,600
AMERICAN WTR WKS INC COM OPT 030411 307 10,000 SH SHAR X 10,000
AMERICREDIT CORP COM COM 03060R101 204 12,800 SH SHAR X 12,800
AMERITECH CORP NEW COM COM 030954101 1,938 26,380 SH SHAR X 26,380
AMGEN INC COM COM 031162100 2,093 34,390 SH SHAR X 34,390
AMGEN INC COM OPT 031162 1,302 21,400 SH SHAR X 21,400
ANALOG DEVICES INC COM COM 032654105 337 6,731 SH SHAR X 6,731
APPLIED MATLS INC COM COM 038222105 401 5,436 SH SHAR X 236 5,200
ARCHER DANIELS MIDLAND C COM 039483102 202 13,125 SH SHAR X 13,125
ASIA PACIFIC RES LTD COM COM 044902104 43 24,000 SH SHAR X 24,000
ASIA PULP & PAPER LTD OPT 04516V 96 10,000 SH SHAR X 10,000
ASIA PULP & PAPER LTD 04516V209 343 131,000 SH SHAR X 131,000
ASSISTED LIVING CONCEPTS DEBT 04543LAE9 4,469 8,200,000 SH SHAR X 8,200,000
ASSOCIATED GROUP INC COM 045651205 508 7,800 SH SHAR X 7,800
AT HOME CORP COM 045919107 580 10,754 SH SHAR X 10,754
ATLANTIC RICHFIELD CO CO COM 048825103 3,070 36,744 SH SHAR X 9,400 27,344
ATLANTIC RICHFIELD CO CO OPT 048825 250 3,000 SH SHAR X 3,000
AUTOMATIC DATA PROCESSIN COM 053015103 589 13,400 SH SHAR X 13,400
AUTOMATIC DATA PROCESSIN OPT 053015 1,368 31,100 SH SHAR X 31,100
AUTONATION INC COM OPT 05329W 178 10,000 SH SHAR X 10,000
AVERY DENNISON CORP COM COM 053611109 1,618 26,800 SH SHAR X 26,800
AVIALL INC NEW COM COM 05366B102 312 16,600 SH SHAR X 16,600
AVIRON DEBT 053762AA8 3,412 3,250,000 SH SHAR X 3,250,000
AVONDALE INDS INC COM COM 054350103 257 6,600 SH SHAR X 6,600
BP AMOCO PLC COM 055622104 2,324 21,428 SH SHAR X 21,428
BAKER HUGHES INC COM COM 057224107 247 7,400 SH SHAR X 7,400
BALLARD PWR SYS INC COM COM 05858H104 330 10,340 SH SHAR X 9,265 1,075
BANCO SANTANDER CENT HIS COM 05964H105 106 10,100 SH SHAR X 10,100
BANK AMER CORP COM COM 060505104 3,137 42,792 SH SHAR X 16,500 26,292
BANK AMER CORP COM OPT 060505 1,832 25,000 SH SHAR X 25,000
BANK NEW YORK INC COM COM 064057102 1,808 49,300 SH SHAR X 49,300
BANK ONE CORP COM COM 06423A103 861 14,458 SH SHAR X 14,458
BARRICK GOLD CORP COM COM 067901108 974 50,310 SH SHAR X 50,310
BAXTER INTL INC COM COM 071813109 1,371 22,623 SH SHAR X 22,623
BECTON DICKINSON & CO CO COM 075887109 661 22,050 SH SHAR X 22,050
BELL ATLANTIC CORP COM COM 077853109 1,720 26,318 SH SHAR X 26,318
BELLSOUTH CORP COM COM 079860102 1,330 28,848 SH SHAR X 28,848
BERINGER WINE ESTATES HL COM 084102102 551 13,200 SH SHAR X 13,200
BERKSHIRE HATHAWAY INC D COM 084670207 2,215 989 SH SHAR X 989
BESTFOODS COM COM 08658U101 4,934 99,685 SH SHAR X 99,685
BEVERLY ENTERPRISES INC OPT 087851 161 20,000 SH SHAR X 20,000
BEVERLY ENTERPRISES INC OPT 087851 161 20,000 SH SHAR X 20,000
BOEING CO COM COM 097023105 1,400 31,832 SH SHAR X 31,832
BORDEN CHEMS & PLASTICS COM 099541203 94 13,300 SH SHAR X 13,300
BOSTON SCIENTIFIC CORP C COM 101137107 975 22,200 SH SHAR X 22,200
BRASS EAGLE INC COM COM 10553F106 187 10,000 SH SHAR X 10,000
BRILLIANT DIGITAL ENTMT COM 109502104 58 10,000 SH SHAR X 10,000
BRISTOL MYERS SQUIBB CO COM 110122108 4,714 66,933 SH SHAR X 66,933
BRISTOL MYERS SQUIBB CO OPT 110122 1,408 20,000 SH SHAR X 20,000
BROADCAST COM INC COM COM 111310108 293 2,200 SH SHAR X 2,200
BROWN FORMAN CORP COM 115637100 357 6,000 SH SHAR X 6,000
BROWN TOM INC COM 115660201 241 15,525 SH SHAR X 3,175 12,350
BROWNING FERRIS INDS INC COM 115885105 576 13,400 SH SHAR X 13,400
BURLINGTON NORTHN SANTA COM 12189T104 1,177 37,987 SH SHAR X 37,987
BURLINGTON RES INC COM COM 122014103 1,123 25,978 SH SHAR X 25,978
CCA COS INC COM COM 124863101 10 12,000 SH SHAR X 12,000
CBS CORP COM COM 12490K107 1,376 31,598 SH SHAR X 31,598
CIGNA HIGH INCOME SHS COM 12551D109 169 23,000 SH SHAR X 23,000
CMGI INC COM COM 125750109 272 2,390 SH SHAR X 2,390
CSX CORP COM COM 126408103 235 5,180 SH SHAR X 5,180
CTS CORP COM COM 126501105 528 7,550 SH SHAR X 7,550
CVS CORP COM COM 126650100 1,152 22,700 SH SHAR X 22,700
CABLETRON SYS INC COM OPT 126920 130 10,000 SH SHAR X 10,000
CAMPBELL SOUP CO COM COM 134429109 338 7,300 SH SHAR X 7,300
CARNIVAL CORP COM COM 143658102 1,062 21,900 SH SHAR X 21,900
CARRIZO OIL & GAS INC CO COM 144577103 204 105,688 SH SHAR X 103,488 2,200
CASE CORP COM COM 14743R103 1,636 34,000 SH SHAR X 34,000
CASE CORP COM OPT 14743R 741 15,400 SH SHAR X 15,400
CENTERPOINT PROPERTIES T DEBT 151895AA7 670 335,000 SH SHAR X 335,000
CENTERTRUST RETAIL PPTYS DEBT 152038AA3 1,836 1,954,000 SH SHAR X 1,954,000
CENTOCOR INC COM COM 152342101 541 11,607 SH SHAR X 607 11,000
CENTOCOR INC DEBT 152342AE1 2,753 2,500,000 SH SHAR X 2,500,000
CENTOCOR INC COM OPT 152342 326 7,000 SH SHAR X 7,000
CENTURA BKS INC COM COM 15640T100 1,744 30,943 SH SHAR X 30,943
CENTURY COMMUNICATIONS C COM 156503104 386 8,400 SH SHAR X 8,400
CENTURYTEL INC COM COM 156700106 988 24,867 SH SHAR X 24,867
CHANCELLOR MEDIA CORP COM 158915108 1,285 23,315 SH SHAR X 23,315
CHASE MANHATTAN CORP NEW COM 16161A108 3,280 37,930 SH SHAR X 37,930
CHESAPEAKE ENERGY CORP C COM 165167107 58 20,000 SH SHAR X 20,000
CHEVRON CORP COM COM 166751107 5,185 54,548 SH SHAR X 36,500 18,048
CHEVRON CORP COM OPT 166751 3,564 37,500 SH SHAR X 37,500
CHINA TELECOM HONG KONG OPT 169428 1,140 20,000 SH SHAR X 20,000
CHUBB CORP COM COM 171232101 2,887 41,550 SH SHAR X 41,550
CINERGY CORP COM COM 172474108 359 11,232 SH SHAR X 11,232
CISCO SYS INC COM COM 17275R102 6,558 101,776 SH SHAR X 30,000 71,776
CISCO SYS INC COM OPT 17275R 5,799 90,000 SH SHAR X 90,000
CINTAS CORP COM COM 172908105 10,415 155,015 SH SHAR X 155,015
CITIGROUP INC COM COM 172967101 6,394 134,614 SH SHAR X 134,614
CLEAR CHANNEL COMMUNICAT COM 184502102 1,628 23,620 SH SHAR X 23,620
COACH USA INC COM COM 18975L106 268 6,400 SH SHAR X 6,400
COAST FED LITIGATION CON COM 19034Q110 188 176,900 SH SHAR X 176,800 100
COCA COLA CO COM COM 191216100 6,014 97,011 SH SHAR X 97,011
COCA COLA CO COM OPT 191216 1,550 25,000 SH SHAR X 25,000
COFLEXIP COM 192384105 442 10,164 SH SHAR X 10,164
COLGATE PALMOLIVE CO COM 194162103 4,384 44,510 SH SHAR X 44,510
COMCAST CORP COM 200300200 539 14,025 SH SHAR X 14,025
COMFORCE CORP COM COM 20038K109 52 17,400 SH SHAR X 17,400
COMPAQ COMPUTER CORP COM COM 204493100 280 11,830 SH SHAR X 11,830
COMPUTER ASSOC INTL INC COM 204912109 581 10,625 SH SHAR X 10,625
COMPUSA INC COM COM 204932107 111 15,000 SH SHAR X 15,000
COMPUTER SCIENCES CORP C COM 205363104 1,574 22,750 SH SHAR X 22,750
COMSAT CORP COM 20564D107 266 8,200 SH SHAR X 7,800 400
COMSAT CORP OPT 20564D 221 6,800 SH SHAR X 6,800
CONAGRA INC COM COM 205887102 228 8,600 SH SHAR X 8,600
CONSOLIDATED NAT GAS CO COM 209615103 850 14,000 SH SHAR X 12,800 1,200
COSTCO COS INC COM COM 22160Q102 468 5,851 SH SHAR X 2,500 3,351
COSTCO COS INC COM OPT 22160Q 200 2,500 SH SHAR X 2,500
COX COMMUNICATIONS INC N OPT 224044 4,785 130,000 SH SHAR X 130,000
CROWN CORK & SEAL INC CO COM 228255105 480 16,850 SH SHAR X 16,850
DANA CORP COM COM 235811106 544 11,810 SH SHAR X 11,810
DATA GEN CORP COM COM 237688106 167 11,500 SH SHAR X 5,000 6,500
DAVE & BUSTERS INC COM COM 23833N104 219 7,560 SH SHAR X 7,560
DAYTON HUDSON CORP COM COM 239753106 3,900 60,000 SH SHAR X 60,000
DAYTON HUDSON CORP COM OPT 239753 1,950 30,000 SH SHAR X 30,000
DEERE & CO COM COM 244199105 225 5,750 SH SHAR X 5,750
DELL COMPUTER CORP COM COM 247025109 862 23,310 SH SHAR X 23,310
DELTA $ PINE LD CO COM COM 247357106 1,492 47,382 SH SHAR X 47,382
DELTA AIR LINES INC DEL COM 247361108 820 14,238 SH SHAR X 13,000 1,238
DELTA AIR LINES INC DEL OPT 247361 1,152 20,000 SH SHAR X 20,000
DEUTSCHE TELEKOM AG COM 251566105 1,056 25,000 SH SHAR X 25,000
DEXTER CORP COM COM 252165105 1,538 37,700 SH SHAR X 37,700
DIEHL GRAPHSOFT INC COM 253676308 37 10,600 SH SHAR X 10,600
DILLARDS INC COM 254067101 421 12,000 SH SHAR X 12,000
DISNEY WALT CO COM COM 254687106 7,674 249,053 SH SHAR X 249,053
DOVER CORP COM COM 260003108 210 6,000 SH SHAR X 6,000
DOW JONES & CO INC COM COM 260561105 230 4,350 SH SHAR X 4,350
DU PONT E I DE NEMOURS & COM 263534109 3,307 48,410 SH SHAR X 48,410
DUFF & PHELPS CR RATING COM 26432F109 1,491 22,300 SH SHAR X 22,300
DUFF & PHELPS UTILS INCO COM 264324104 320 30,160 SH SHAR X 30,160
DUFF & PHELPS UTILS TAX COM 264325101 267 16,300 SH SHAR X 16,300
DUKE ENERGY CORP COM COM 264399106 1,494 27,457 SH SHAR X 27,457
DUN & BRADSTREET CORP DE COM 26483B106 558 15,752 SH SHAR X 15,752
E M C CORP MASS COM COM 268648102 478 8,700 SH SHAR X 8,700
E TRADE GROUP INC COM OPT 269246 1,996 50,000 SH SHAR X 50,000
EASTERN ENTERPRISES COM COM 27637F100 282 7,100 SH SHAR X 7,100
EASTMAN KODAK CO COM COM 277461109 1,949 28,777 SH SHAR X 28,777
ECOSCIENCE CORP COM 279218200 22 15,806 SH SHAR X 15,806
ELAN PLC COM 284131208 572 20,630 SH SHAR X 15,000 5,630
ELAN PLC OPT 284131 721 26,000 SH SHAR X 26,000
ELECTRONIC ARTS COM COM 285512109 558 10,300 SH SHAR X 10,300
EMERSON ELEC CO COM COM 291011104 1,009 16,043 SH SHAR X 16,043
ENGINEERED SUPPORT SYS I COM 292866100 164 13,919 SH SHAR X 13,919
ENRON CORP COM COM 293561106 4,156 50,842 SH SHAR X 50,842
ENRON CORP COM OPT 293561 817 10,000 SH SHAR X 10,000
EQUITY RESIDENTIAL PPTYS COM 29476L107 245 5,450 SH SHAR X 5,450
ERICSSON L M TEL CO COM 294821400 528 16,050 SH SHAR X 16,050
EVANS & SUTHERLAND COMPU COM 299096107 402 30,799 SH SHAR X 9,899 20,900
EXECUTIVE RISK INC COM COM 301586103 901 10,600 SH SHAR X 10,600
EXXON CORP COM COM 302290101 5,885 76,309 SH SHAR X 76,309
FPL GROUP INC COM COM 302571104 834 15,274 SH SHAR X 15,274
FAXSAV INC OPT 31210L 244 45,000 SH SHAR X 45,000
FDX CORP COM COM 31304N107 2,615 48,220 SH SHAR X 48,220
FEDERAL HOME LN MTG CORP COM 313400301 362 6,243 SH SHAR X 6,243
FANNIE MAE COM COM 313586109 1,639 24,024 SH SHAR X 24,024
FINANCIAL FED CORP COM COM 317492106 1,542 70,128 SH SHAR X 70,128
FIRST AUSTRALIA PRIME IN COM 318653102 407 62,762 SH SHAR X 62,762
FIRST AMERN CORP TENN CO COM 318900107 423 10,200 SH SHAR X 8,200 2,000
FIRST UN CORP COM COM 337358105 1,653 35,090 SH SHAR X 35,090
FLEET FINL GROUP INC NEW COM 338915101 1,398 31,510 SH SHAR X 31,510
FLEET FINL GROUP INC NEW 338915119 495 11,000 SH SHAR X 11,000
FORD MTR CO DEL COM COM 345370100 695 12,330 SH SHAR X 12,330
FOX ENTMT GROUP INC COM 35138T107 214 7,975 SH SHAR X 7,975
FRONTIER CORP COM COM 35906P105 1,121 19,134 SH SHAR X 16,800 2,334
FRONTIER CORP COM OPT 35906P 586 10,000 SH SHAR X 10,000
G&L RLTY CORP COM COM 361271109 532 46,300 SH SHAR X 46,300
GATX CORP COM COM 361448103 367 9,654 SH SHAR X 9,654
GC COS INC COM COM 36155Q109 272 7,610 SH SHAR X 7,610
GTE CORP COM COM 362320103 3,390 44,907 SH SHAR X 44,907
GT INTERACTIVE SOFTWARE COM 36236E109 57 16,300 SH SHAR X 10,300 6,000
GANNETT INC COM COM 364730101 2,976 41,700 SH SHAR X 41,700
GAP INC COM COM 364760108 2,462 48,878 SH SHAR X 48,878
GARTNER GROUP INC NEW COM 366651107 268 13,100 SH SHAR X 13,100
GEHL CO COM COM 368483103 331 16,381 SH SHAR X 16,381
GENERAL ELEC CO COM COM 369604103 9,409 83,274 SH SHAR X 17,000 66,274
GENERAL MAGIC INC COM COM 370253106 97 27,500 SH SHAR X 27,500
GENERAL MAGIC INC COM OPT 370253 35 10,000 SH SHAR X 10,000
GENERAL MAGIC INC COM OPT 370253 176 50,000 SH SHAR X 50,000
GENERAL MLS INC COM COM 370334104 2,885 35,900 SH SHAR X 35,900
GENERAL MTRS CORP COM COM 370442105 360 5,467 SH SHAR X 5,467
GENERAL MTRS CORP COM 370442832 473 8,416 SH SHAR X 8,416
GENERAL MTRS CORP COM OPT 370442 2,943 44,600 SH SHAR X 44,600
GEORGIA PAC GROUP COM 373298108 232 4,900 SH SHAR X 4,900
GILLETTE CO COM COM 375766102 1,011 24,682 SH SHAR X 24,682
GLAXO WELLCOME PLC COM 37733W105 2,020 35,690 SH SHAR X 35,690
GOLDEN ST BANCORP INC 381197136 63 48,243 SH SHAR X 66 48,177
GRANITE CONSTR INC COM COM 387328107 591 20,190 SH SHAR X 20,190
GRUPO TRIBASA S A DE C V COM 40049F105 13 10,000 SH SHAR X 10,000
GRUPO TELEVISA S A DE CV COM 40049J206 470 10,500 SH SHAR X 10,500
GUIDANT CORP COM COM 401698105 255 5,000 SH SHAR X 5,000
GUIDANT CORP COM OPT 401698 2,167 42,400 SH SHAR X 42,400
HAHN AUTOMOTIVE WAREHOUS COM 405191107 707 471,913 SH SHAR X 465,913 6,000
HALLIBURTON CO COM COM 406216101 807 17,846 SH SHAR X 12,000 5,846
HARCOURT GEN INC COM COM 41163G101 7,142 138,525 SH SHAR X 138,525
HARTFORD FINL SVCS GROUP COM 416515104 2,166 37,150 SH SHAR X 37,150
HAWK CORP COM 420089104 118 13,500 SH SHAR X 13,500
HEINZ H J CO COM COM 423074103 957 19,110 SH SHAR X 19,110
HERSHEY FOODS CORP COM COM 427866108 302 5,100 SH SHAR X 5,100
HEWLETT PACKARD CO COM COM 428236103 4,544 45,220 SH SHAR X 45,220
HILTON HOTELS CORP COM COM 432848109 1,062 74,900 SH SHAR X 20,000 54,900
HILTON HOTELS CORP COM OPT 432848 141 10,000 SH SHAR X 10,000
HOME DEPOT INC COM COM 437076102 3,392 52,642 SH SHAR X 52,642
HOME DEPOT INC COM OPT 437076 3,221 50,000 SH SHAR X 50,000
HONEYWELL INC COM COM 438506107 1,332 11,500 SH SHAR X 10,000 1,500
HOUSEHOLD INTL INC COM COM 441815107 203 4,306 SH SHAR X 4,306
HUMANA INC COM COM 444859102 258 20,000 SH SHAR X 20,000
HURRICANE HYDROCARBONS L COM 44779E106 3 15,000 SH SHAR X 15,000
IMS HEALTH INC COM COM 449934108 1,015 32,504 SH SHAR X 32,504
ILLINOIS TOOL WKS INC CO COM 452308109 8,895 108,810 SH SHAR X 108,810
ILLINOIS TOOL WKS INC CO OPT 452308 817 10,000 SH SHAR X 10,000
IMPATH INC COM COM 45255G101 863 31,988 SH SHAR X 38 31,950
INFINITY BROADCASTING CO COM 45662S102 647 21,900 SH SHAR X 21,900
INGRAM MICRO INC OPT 457153 257 10,000 SH SHAR X 10,000
INTEL CORP COM 458140100 25,461 427,916 SH SHAR X 427,916
INTERNATIONAL BUSINESS M COM 459200101 9,413 75,086 SH SHAR X 75,086
INTERNATIONAL FLAVORS & COM 459506101 884 20,100 SH SHAR X 20,100
INTERNATIONAL PAPER CO C COM 460146103 536 10,686 SH SHAR X 4,000 6,686
INTERNATIONAL PAPER CO C OPT 460146 351 7,000 SH SHAR X 7,000
INTERNATIONAL SPECIALTY COM 460337108 122 12,000 SH SHAR X 12,000
INTERPUBLIC GROUP COS IN COM 460690100 4,318 49,854 SH SHAR X 49,854
INTERPUBLIC GROUP COS IN OPT 460690 3,031 35,000 SH SHAR X 35,000
IVAX CORP DEBT 465823AA0 861 900,000 SH SHAR X 900,000
IVAX CORP COM OPT 465823 282 20,000 SH SHAR X 20,000
JACOR COMMUNICATIONS INC DEBT 469858AB0 1,231 2,500,000 SH SHAR X 2,500,000
JEFFERSON PILOT CORP COM COM 475070108 665 10,050 SH SHAR X 10,050
JOHNSON & JOHNSON COM COM 478160104 11,801 120,422 SH SHAR X 120,422
KANSAS CITY SOUTHN INDS COM 485170104 247 3,875 SH SHAR X 3,875
KELLOGG CO COM COM 487836108 990 30,000 SH SHAR X 30,000
KELLY SVCS INC COM 488152208 557 17,350 SH SHAR X 17,350
KEYCORP NEW COM COM 493267108 1,329 41,372 SH SHAR X 40,000 1,372
KEYCORP NEW COM OPT 493267 1,285 40,000 SH SHAR X 40,000
KIMBERLY CLARK CORP COM COM 494368103 7,473 131,112 SH SHAR X 131,112
KNOLL INC COM COM 498904101 213 8,000 SH SHAR X 8,000
KONINKLIJKE PHILIPS ELEC COM 500472204 1,024 10,156 SH SHAR X 10,000 156
LTC PPTYS INC DEBT 502175AE2 860 1,000,000 SH SHAR X 1,000,000
LTC PPTYS INC DEBT 502175AF9 1,831 2,155,000 SH SHAR X 2,155,000
LEAR CORP COM COM 521865105 403 8,104 SH SHAR X 8,104
LEHMAN BROTHERS HLDGS IN COM 524908100 376 6,054 SH SHAR X 2 6,052
LEVEL 3 COMMUNICATIONS I COM 52729N100 988 16,450 SH SHAR X 16,450
LEVEL ONE COMMUNICATIONS COM 527295109 1,274 26,049 SH SHAR X 26,049
LILLY ELI & CO COM COM 532457108 3,140 43,848 SH SHAR X 43,848
LINCOLN NATL CORP IND CO COM 534187109 327 6,260 SH SHAR X 6,260
LOEWS CORP COM COM 540424108 358 4,526 SH SHAR X 4,526
LOWES COS INC COM COM 548661107 247 4,370 SH SHAR X 4,370
LUCENT TECHNOLOGIES INC COM 549463107 4,182 62,026 SH SHAR X 62,026
LYONDELL CHEMICAL CO COM COM 552078107 371 17,995 SH SHAR X 17,995
MCI WORLDCOM INC COM COM 55268B106 2,324 27,012 SH SHAR X 6,189 20,823
MFS GOVT MKTS INCOME TR COM 552939100 62 10,000 SH SHAR X 10,000
MACMILLAN BLOEDEL LTD COM 554783209 201 11,200 SH SHAR X 11,200
MAGNA INTL INC COM 559222401 619 10,920 SH SHAR X 10,920
MALLON RES CORP COM 561240201 133 19,298 SH SHAR X 19,298
MANUFACTURED HOME CMNTYS COM 564682102 374 14,400 SH SHAR X 14,400
MASCO CORP COM COM 574599106 251 8,700 SH SHAR X 8,700
MATTEL INC COM COM 577081102 208 7,964 SH SHAR X 7,964
MAXTOR CORP COM 577729205 153 30,500 SH SHAR X 30,500
MAXTOR CORP OPT 577729 75 15,000 SH SHAR X 15,000
MAY DEPT STORES CO COM 577778103 460 11,274 SH SHAR X 11,274
MCDONALDS CORP COM COM 580135101 2,474 60,167 SH SHAR X 60,167
MCKESSON HBOC INC COM COM 58155Q103 309 9,600 SH SHAR X 9,600
MEDIAONE GROUP INC COM COM 58440J104 2,586 34,771 SH SHAR X 13,200 21,571
MEDIAONE GROUP INC COM OPT 58440J 476 6,400 SH SHAR X 6,400
MEDTRONIC INC COM OPT 585055 2,272 30,000 SH SHAR X 30,000
MELLON BK CORP COM COM 585509102 4,256 117,030 SH SHAR X 10,000 107,030
MERCK & CO INC COM COM 589331107 15,364 208,688 SH SHAR X 208,688
MERCK & CO INC COM OPT 589331 4,682 63,600 SH SHAR X 63,600
MEREDITH CORP COM COM 589433101 3,953 114,194 SH SHAR X 114,194
MERRILL LYNCH & CO INC C COM 590188108 880 11,075 SH SHAR X 3 11,072
MESABI TR COM 590672101 62 20,000 SH SHAR X 20,000
METALCLAD CORP COM COM 591142104 1 10,600 SH SHAR X 500 10,100
MICROSOFT CORP COM COM 594918104 4,761 52,795 SH SHAR X 52,795
MICRON TECHNOLOGY INC CO COM 595112103 567 14,000 SH SHAR X 14,000
MINERALS TECHNOLOGIES IN COM 603158106 245 4,400 SH SHAR X 4,400
MINNESOTA MNG & MFG CO C COM 604059105 632 7,272 SH SHAR X 7,272
MINNESOTA MNG & MFG CO C OPT 604059 1,069 12,300 SH SHAR X 12,300
MIRAGE RESORTS INC COM COM 60462E104 223 13,340 SH SHAR X 5,000 8,340
MOBIL CORP COM COM 607059102 5,546 56,172 SH SHAR X 56,172
MOBILE AMER CORP FLA COM 607235504 326 100,365 SH SHAR X 100,365
MONSANTO CO COM COM 611662107 2,138 54,046 SH SHAR X 2,500 51,546
MONSANTO CO COM OPT 611662 2,282 57,700 SH SHAR X 57,700
MORGAN J P & CO INC COM COM 616880100 4,880 34,734 SH SHAR X 22,500 12,234
MORGAN J P & CO INC COM OPT 616880 3,161 22,500 SH SHAR X 22,500
MORGAN STANLEY DEAN WITT COM 617446448 1,817 17,713 SH SHAR X 3 17,710
MORRISON KNUDSEN CORP NE COM 61844A109 113 11,000 SH SHAR X 11,000
MORRISON KNUDSEN CORP NE 61844A117 181 51,823 SH SHAR X 51,823
MOTOROLA INC COM COM 620076109 902 9,529 SH SHAR X 9,529
MOTOROLA INC DEBT 620076AJ8 204 190,000 SH SHAR X 190,000
MOTOROLA INC COM OPT 620076 947 10,000 SH SHAR X 10,000
MURPHY OIL CORP COM COM 626717102 397 8,150 SH SHAR X 8,150
NABISCO GROUP HLDG CORP COM 62952P102 254 13,000 SH SHAR X 13,000
NABORS INDS INC COM OPT 629568 767 31,500 SH SHAR X 31,500
NEW AMER HIGH INCOME FD COM 641876107 101 22,500 SH SHAR X 22,500
NEW ENGLAND ELEC SYS COM COM 644001109 411 8,200 SH SHAR X 7,600 600
NEW YORK TIMES CO COM 650111107 347 9,440 SH SHAR X 9,440
NEWMONT MNG CORP COM COM 651639106 199 10,043 SH SHAR X 10,043
NEWPARK RES INC COM 651718504 125 14,100 SH SHAR X 9,200 4,900
NEWS CORP LTD COM 652487703 2,803 79,399 SH SHAR X 79,399
NEWS CORP LTD COM 652487802 17,030 539,586 SH SHAR X 539,586
NEXTEL COMMUNICATIONS IN OPT 65332V 1,385 27,600 SH SHAR X 27,600
NOEL GROUP INC COM COM 655260107 38 61,800 SH SHAR X 61,800
NORFOLK SOUTHN CORP COM COM 655844108 335 11,150 SH SHAR X 11,150
NORTHERN TR CORP COM COM 665859104 1,309 13,500 SH SHAR X 13,500
NUVEEN N Y QUALITY INCOM COM 670986108 195 12,800 SH SHAR X 12,800
OFFICE DEPOT INC COM COM 676220106 838 38,000 SH SHAR X 35,000 3,000
OFFICE DEPOT INC DEBT 676220AA4 2,566 2,790,000 SH SHAR X 2,790,000
OFFICE DEPOT INC DEBT 676220AB2 254 310,000 SH SHAR X 310,000
OMNICARE INC DEBT 681904AD0 2,849 3,890,000 SH SHAR X 3,890,000
OMNIPOINT CORP COM COM 68212D102 248 8,600 SH SHAR X 6,600 2,000
OUTDOOR SYS INC COM COM 690057104 760 20,825 SH SHAR X 20,600 225
PE CORP COM 69332S102 1,399 12,200 SH SHAR X 12,200
PE CORP COM 69332S201 1,924 118,900 SH SHAR X 75,000 43,900
PPG INDS INC COM COM 693506107 208 3,525 SH SHAR X 3,525
PANAVISION INC COM 69830E209 132 19,598 SH SHAR X 19,598
PAPA JOHNS INTL INC COM OPT 698813 1,072 24,000 SH SHAR X 24,000
PARADIGM GEOPHYSICAL LTD COM 69900J104 80 11,760 SH SHAR X 7,460 4,300
PAREXEL INTL CORP COM COM 699462107 137 10,300 SH SHAR X 10,300
PARK PL ENTMT CORP COM COM 700690100 991 103,750 SH SHAR X 7,500 96,250
PARKER HANNIFIN CORP COM COM 701094104 849 18,562 SH SHAR X 18,562
PEPSI BOTTLING GROUP INC COM 713409100 573 24,800 SH SHAR X 10,000 14,800
PEPSICO INC COM COM 713448108 6,286 162,499 SH SHAR X 162,499
PHARMACIA & UPJOHN INC C COM 716941109 1,895 33,360 SH SHAR X 33,360
PFIZER INC COM COM 717081103 7,792 71,493 SH SHAR X 71,493
PHILADELPHIA SUBN CORP COM 718009608 448 19,432 SH SHAR X 19,432
PHILIP MORRIS COS INC CO COM 718154107 3,714 92,435 SH SHAR X 92,435
PIONEER COS INC COM COM 723643102 69 15,532 SH SHAR X 15,532
PIONEER HI BRED INTL INC COM 723686101 5,681 145,910 SH SHAR X 36,000 109,910
PITNEY BOWES INC COM COM 724479100 672 10,460 SH SHAR X 10,460
PLATINUM TECHNOLOGY INTL OPT 72764T 349 12,000 SH SHAR X 12,000
POGO PRODUCING CO COM COM 730448107 2,376 127,600 SH SHAR X 127,600
POGO PRODUCING CO DEBT 730448AE7 988 1,220,000 SH SHAR X 505,000 715,000
POTOMAC ELEC PWR CO COM COM 737679100 388 13,200 SH SHAR X 13,200
PRIMUS TELECOMMUNICATION COM 741929103 1,124 50,120 SH SHAR X 50,120
PROCTER & GAMBLE CO COM COM 742718109 2,024 22,678 SH SHAR X 22,678
PROGRESSIVE CORP OHIO CO COM 743315103 7,208 49,715 SH SHAR X 49,715
PROTECTIVE LIFE CORP COM COM 743674103 1,173 34,500 SH SHAR X 34,500
QUAKER OATS CO COM COM 747402105 238 3,600 SH SHAR X 3,600
QUALCOMM INC COM COM 747525103 918 6,400 SH SHAR X 6,400
QUALITY DINING INC COM COM 74756P105 28 10,250 SH SHAR X 950 9,300
QUEENS CNTY BANCORP INC COM 748242104 226 7,000 SH SHAR X 7,000
QUINTILES TRANSNATIONAL COM 748767100 386 9,200 SH SHAR X 9,200
R & B FALCON CORP COM 74912E101 595 63,475 SH SHAR X 63,475
RALSTON PURINA CO COM COM 751277302 359 11,800 SH SHAR X 11,800
RAYTHEON CO COM 755111309 301 4,383 SH SHAR X 4,383
RAYTHEON CO COM 755111408 1,309 18,580 SH SHAR X 18,580
REGIONS FINL CORP COM COM 758940100 342 8,900 SH SHAR X 8,900
RENT-WAY INC DEBT 76009UAB0 455 250,000 SH SHAR X 250,000
REPUBLIC N Y CORP COM COM 760719104 371 5,450 SH SHAR X 1,000 4,450
REUTERS GROUP PLC COM 76132M102 2,390 29,487 SH SHAR X 29,487
REYNOLDS METALS CO COM COM 761763101 920 15,600 SH SHAR X 15,600
ROBBINS & MYERS INC DEBT 770196AA1 393 387,000 SH SHAR X 387,000
ROYAL DUTCH PETE CO COM 780257804 8,233 136,650 SH SHAR X 136,650
SBC COMMUNICATIONS INC C COM 78387G103 2,271 39,160 SH SHAR X 39,160
SLM HLDG CORP COM COM 78442A109 856 18,700 SH SHAR X 5,500 13,200
SPDR TR COM 78462F103 519 3,790 SH SHAR X 3,790
SABRE GROUP HLDGS INC COM 785905100 1,330 19,350 SH SHAR X 19,350
SAKS INC COM OPT 79377W 288 10,000 SH SHAR X 10,000
SARA LEE CORP COM COM 803111103 531 23,442 SH SHAR X 23,442
SCHERING PLOUGH CORP COM COM 806605101 6,456 122,981 SH SHAR X 122,981
SCHLUMBERGER LTD COM COM 806857108 3,548 55,715 SH SHAR X 55,715
SCHWAB CHARLES CORP NEW COM 808513105 967 8,878 SH SHAR X 3 8,875
SCIENTIFIC ATLANTA INC C COM 808655104 1,465 40,700 SH SHAR X 40,700
SEAGATE TECHNOLOGY COM COM 811804103 1,299 50,700 SH SHAR X 47,000 3,700
SEAGRAM LTD COM COM 811850106 3,284 65,200 SH SHAR X 23,000 42,200
SEAGRAM LTD COM OPT 811850 1,158 23,000 SH SHAR X 23,000
SENSYS TECHNOLOGIES INC COM 81726S101 52 10,000 SH SHAR X 10,000
SENSORMATIC ELECTRS CORP PFD 817265200 568 25,000 SH SHAR X 25,000
SERVICE CORP INTL COM COM 817565104 377 19,600 SH SHAR X 19,600
SERVICEMASTER CO COM COM 81760N109 272 14,543 SH SHAR X 14,543
SIEBEL SYS INC COM COM 826170102 1,346 20,300 SH SHAR X 20,300
SIGMA ALDRICH CORP COM COM 826552101 464 13,500 SH SHAR X 13,500
SINCLAIR BROADCAST GROUP PFD 829226505 1,905 44,052 SH SHAR X 43,752 300
SMITHKLINE BEECHAM P L C COM 832378301 3,585 54,275 SH SHAR X 54,275
SOFTNET SYS INC COM COM 833964109 277 9,950 SH SHAR X 9,950
SOLA INTL INC COM COM 834092108 1,074 55,300 SH SHAR X 55,300
SOLECTRON CORP COM OPT 834182 666 10,000 SH SHAR X 10,000
SOUTHERN PAC PETE N L COM 843581307 80 26,773 SH SHAR X 16,773 10,000
SOUTHWEST GAS CORP COM COM 844895102 812 28,400 SH SHAR X 28,400
SPRINT CORP COM 852061100 498 9,400 SH SHAR X 9,400
STAPLES INC COM COM 855030102 737 23,840 SH SHAR X 23,840
STARBUCKS CORP COM COM 855244109 849 22,626 SH SHAR X 22,626
STRYKER CORP COM OPT 863667 1,503 25,000 SH SHAR X 25,000
SUMMIT BANCORP COM COM 866005101 322 7,701 SH SHAR X 7,701
SUN MICROSYSTEMS INC COM COM 866810104 2,762 40,115 SH SHAR X 40,115
SUNBEAM CORP DEL NEW DEBT 867071AA0 138 826,000 SH SHAR X 826,000
SUNRISE ASSISTED LIVING DEBT 86768KAC0 622 563,000 SH SHAR X 563,000
SUNSHINE MNG & REFNG CO COM 867833105 50 133,746 SH SHAR X 133,746
SUNTRUST BKS INC COM COM 867914103 1,121 16,146 SH SHAR X 16,146
SYMANTEC CORP COM COM 871503108 473 18,560 SH SHAR X 3,360 15,200
SYSCO CORP COM COM 871829107 271 9,110 SH SHAR X 9,110
TCA CABLE TV INC COM COM 872241104 1,354 24,400 SH SHAR X 24,400
TCW / DW TERM TR 2003 COM 87234U108 139 15,050 SH SHAR X 15,050
TMP WORLDWIDE INC COM COM 872941109 1,368 21,550 SH SHAR X 21,400 150
TELECOMUNICACOES BRASILE COM 879287308 359 3,994 SH SHAR X 3,994
TELEFONICA S A COM 879382208 1,103 7,500 SH SHAR X 7,000 500
TELEPHONE & DATA SYS INC COM 879433100 1,078 14,750 SH SHAR X 14,750
TELXON CORP COM COM 879700102 239 30,200 SH SHAR X 30,200
TEMPLE-INLAND INC COM COM 879868107 761 11,100 SH SHAR X 11,100
TEVA PHARMACEUTICAL INDS COM 881624209 1,249 25,500 SH SHAR X 25,500
TEXACO INC COM COM 881694103 2,789 44,724 SH SHAR X 44,724
TEXAS INSTRS INC COM COM 882508104 550 3,820 SH SHAR X 3,820
TEXTRON INC COM COM 883203101 255 3,100 SH SHAR X 3,100
3COM CORP COM COM 885535104 323 12,134 SH SHAR X 284 11,850
TIME WARNER INC COM COM 887315109 13,125 180,723 SH SHAR X 180,723
TIME WARNER INC COM OPT 887315 726 10,000 SH SHAR X 10,000
TOKHEIM CORP COM COM 889073102 160 14,000 SH SHAR X 14,000
TOTAL RENAL CARE HLDGS I OPT 89151A 1,245 80,000 SH SHAR X 80,000
TOYS R US INC COM COM 892335100 5,986 289,391 SH SHAR X 85,000 204,391
TRANSAMERICA CORP COM COM 893485102 2,010 26,800 SH SHAR X 26,800
TRANSIT GROUP INC 893691113 52 38,000 SH SHAR X 38,000
TRICON GLOBAL RESTAURANT COM 895953107 359 6,634 SH SHAR X 6,634
TRIBUNE CO NEW COM COM 896047107 331 3,800 SH SHAR X 3,800
TRICO MARINE SVCS INC CO COM 896106101 102 15,558 SH SHAR X 12,558 3,000
UAL CORP COM 902549500 1,292 20,000 SH SHAR X 20,000
UICI COM COM 902737105 361 13,100 SH SHAR X 13,100
USX-MARATHON GROUP COM 902905827 950 29,200 SH SHAR X 29,200
UST INC COM COM 902911106 257 8,800 SH SHAR X 8,800
USA NETWORKS INC COM COM 902984103 2,017 50,290 SH SHAR X 50,290
U S FOODSERVICE COM COM 90331R101 814 19,100 SH SHAR X 19,100
UNION PAC CORP COM COM 907818108 688 11,810 SH SHAR X 11,810
UNISYS CORP COM COM 909214108 452 11,621 SH SHAR X 11,621
UNISYS CORP PFD 909214207 289 4,440 SH SHAR X 4,440
U S WEST INC NEW COM COM 91273H101 449 7,646 SH SHAR X 7,646
U S WEST INC NEW COM OPT 91273H 1,468 25,000 SH SHAR X 25,000
UNITED TECHNOLOGIES CORP COM 913017109 2,102 29,207 SH SHAR X 540 28,667
UNITEL VIDEO INC COM COM 913253100 30 19,200 SH SHAR X 19,200
UNIVERSAL FOODS CORP COM COM 913538104 627 29,700 SH SHAR X 29,700
UNIVISION COMMUNICATIONS COM 914906102 1,215 18,700 SH SHAR X 18,700
UNOCAL CORP COM COM 915289102 1,125 28,400 SH SHAR X 28,400
UTILICORP UTD INC COM COM 918005109 245 10,105 SH SHAR X 10,105
VALERO REFNG & MARKETING COM 91913Y100 234 10,950 SH SHAR X 10,950
VARLEN CORP COM COM 922248109 366 9,061 SH SHAR X 9,061
VENTAS INC COM COM 92276F100 92 17,300 SH SHAR X 17,300
VERITY INC COM COM 92343C106 812 15,000 SH SHAR X 15,000
VIACOM INC COM 925524308 2,062 46,884 SH SHAR X 46,884
VITESSE SEMICONDUCTOR CO OPT 928497 708 10,500 SH SHAR X 10,500
VODAFONE AIRTOUCH PLC OR COM 92857T107 1,807 9,173 SH SHAR X 9,173
WMS INDS INC COM OPT 929297 425 25,000 SH SHAR X 25,000
WPP GROUP PLC COM 929309300 317 3,700 SH SHAR X 3,700
WACHOVIA CORP NEW COM COM 929771103 282 3,300 SH SHAR X 3,300
WAL MART STORES INC COM COM 931142103 1,665 34,524 SH SHAR X 34,524
WARNER LAMBERT CO COM COM 934488107 6,160 89,120 SH SHAR X 89,120
WARNER LAMBERT CO COM OPT 934488 1,382 20,000 SH SHAR X 20,000
WASHINGTON MUT INC COM COM 939322103 1,846 51,912 SH SHAR X 51,912
WASHINGTON POST CO COM 939640108 385 716 SH SHAR X 716
WASTE MGMT INC DEL COM COM 94106L109 214 3,982 SH SHAR X 3,982
WASTE MGMT INC DEL DEBT 94106LAA7 618 476,000 SH SHAR X 476,000
WEATHERFORD INTL INC NEW COM 947074100 515 14,075 SH SHAR X 14,075
WELLS FARGO & CO NEW COM COM 949746101 1,421 33,240 SH SHAR X 33,240
WHITMAN CORP NEW COM COM 96647R107 1,121 62,322 SH SHAR X 62,322
WILLIAMS COS INC COM COM 969457100 1,286 30,229 SH SHAR X 27,500 2,729
WILLIAMS COS INC COM OPT 969457 1,170 27,500 SH SHAR X 27,500
WINSTAR COMMUNICATIONS I OPT 975515 487 10,000 SH SHAR X 10,000
XEROX CORP COM COM 984121103 436 7,390 SH SHAR X 7,390
YAHOO INC COM COM 984332106 207 1,203 SH SHAR X 1,203
</TABLE>