<PAGE>
UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 February 9, 2000
[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.)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 402
Form 13F Information Table Value Total (thousands): $934,119
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
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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 326 4,180 SH SHAR X 4,180
GLOBAL CROSSING LTD ORD COM G3921A100 416 8,338 SH SHAR X 3,203 5,135
GLOBALSTAR TELECOMMUNICA COM G3930H104 209 4,750 SH SHAR X 4,750
GLOBALSTAR TELECOMMUNICA OPT G3930H 440 10,000 SH SHAR X 10,000
LORAL SPACE & COMMUNICAT COM G56462107 1,072 44,100 SH SHAR X 44,100
PARTNERRE LTD. COM COM G6852T105 613 18,900 SH SHAR X 18,900
XL CAPITAL LTD CLASS A COM G98255105 428 8,267 SH SHAR X 8,267
GILAT SATELLITE NETWORKS COM M51474100 891 7,505 SH SHAR X 7,505
ASM INTERNATIONAL N.V. O OPT N07045 1,262 50,000 SH SHAR X 50,000
ADC TELECOMMUNICATIONS I COM 000886101 286 3,950 SH SHAR X 3,950
AES CORP COM COM 00130H105 231 3,100 SH SHAR X 3,100
AMFM INC COM 001693100 2,615 33,425 SH SHAR X 400 33,025
AT&T CORP COM 001957109 11,010 216,686 SH SHAR X 30,000 186,686
AT&T CORP COM 001957208 15,535 273,452 SH SHAR X 273,452
AT&T CORP OPT 001957 1,056 20,800 SH SHAR X 20,800
AT&T CORP OPT 001957 1,727 34,000 SH SHAR X 34,000
A S V INC COM COM 001963107 150 11,010 SH SHAR X 11,010
ABBOTT LABS COM COM 002824100 3,138 86,436 SH SHAR X 86,436
ADOBE SYS INC COM 00724F101 1,842 27,400 SH SHAR X 27,400
ALASKA AIR GROUP INC COM COM 011659109 8,078 230,000 SH SHAR X 230,000
ALASKA AIR GROUP INC COM OPT 011659 6,146 175,000 SH SHAR X 175,000
ALCOA INC COM OPT 013817 2,490 30,000 SH SHAR X 30,000
ALLSTATE CORP COM COM 020002101 301 12,531 SH SHAR X 12,531
ALLTEL CORP COM 020039103 797 9,642 SH SHAR X 9,642
ALTERNATIVE LIVING SVCS DEBT 02145KAB3 1,806 2,800,000 SH SHAR X 2,800,000
ALZA CORP COM COM 022615108 7,104 205,175 SH SHAR X 185,200 19,975
ALZA CORP COM OPT 022615 2,908 84,000 SH SHAR X 84,000
AMERADA HESS CORP COM COM 023551104 729 12,850 SH SHAR X 12,850
AMERICA ONLINE INC DEL COM 02364J104 9,949 131,125 SH SHAR X 131,125
AMERICAN EXPRESS CO COM COM 025816109 7,038 42,336 SH SHAR X 42,336
AMERICAN GEN CORP COM COM 026351106 365 4,819 SH SHAR X 4,819
AMERICAN HOME PRODS CORP COM 026609107 3,262 83,114 SH SHAR X 83,114
AMERICAN INTL GROUP INC COM 026874107 32,551 301,054 SH SHAR X 301,054
1 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
AMERICAN RETIREMENT CORP DEBT 028913AA9 2,565 3,563,000 SH SHAR X 3,338,000 225,000
AMERICREDIT CORP COM COM 03060R101 255 13,800 SH SHAR X 13,800
AMGEN INC COM COM 031162100 4,294 71,494 SH SHAR X 2,984 68,510
ANALOG DEVICES INC COM COM 032654105 613 6,598 SH SHAR X 6,598
ANHEUSER BUSCH COS INC C COM 035229103 875 12,350 SH SHAR X 12,350
ANTEC CORP OPT 03664P 547 14,000 SH SHAR X 14,000
APPLE COMPUTER INC COM 037833100 51,447 500,400 SH SHAR X 500,200 200
APPLE COMPUTER INC OPT 037833 39,140 380,700 SH SHAR X 380,700
APPLIED MATLS INC COM COM 038222105 1,164 9,190 SH SHAR X 9,190
ARCHER DANIELS MIDLAND C COM 039483102 169 13,989 SH SHAR X 13,989
ASIA PACIFIC RES LTD COM COM 044902104 56 39,000 SH SHAR X 39,000
ASIA PULP & PAPER LTD COM 04516V209 187 200,000 SH SHAR X 200,000
ASSISTED LIVING CONCEPTS DEBT 04543LAD1 651 1,050,000 SH SHAR X 1,000,000 50,000
ASSISTED LIVING CONCEPTS DEBT 04543LAE9 2,198 3,695,000 SH SHAR X 3,695,000
ASSISTED LIVING CONCEPTS DEBT 04543LAG4 315 525,000 SH SHAR X 525,000
ASSOCIATED GROUP INC COM 045651106 419 4,600 SH SHAR X 4,600
ASSOCIATED GROUP INC COM 045651205 901 9,800 SH SHAR X 9,800
AT HOME CORP COM 045919107 932 21,756 SH SHAR X 688 21,068
AT HOME CORP SUB NT CONV DEBT 045919AD9 4,750 5,000,000 SH SHAR X 5,000,000
ATLANTIC RICHFIELD CO CO COM 048825103 2,507 28,994 SH SHAR X 2,200 26,794
ATLANTIC RICHFIELD CO CO OPT 048825 224 2,600 SH SHAR X 2,600
AUTOMATIC DATA PROCESSIN COM 053015103 1,503 27,900 SH SHAR X 27,900
AUTOMATIC DATA PROCESSIN OPT 053015 2,699 50,100 SH SHAR X 50,100
AVERY DENNISON CORP COM COM 053611109 1,956 26,850 SH SHAR X 26,850
AWARE INC MASS OPT 05453N 310 10,000 SH SHAR X 10,000
BCE INC COM COM 05534B109 333 3,700 SH SHAR X 3,700
BP AMOCO PLC SPONSORED A COM 055622104 2,595 43,766 SH SHAR X 43,766
BANK AMER CORP COM COM 060505104 2,358 46,992 SH SHAR X 17,500 29,492
BANK NEW YORK INC COM COM 064057102 1,512 37,800 SH SHAR X 37,800
BANK ONE CORP COM COM 06423A103 697 21,785 SH SHAR X 21,785
BANKATLANTIC BANCORP INC COM 065908105 98 19,141 SH SHAR X 19,141
BARRICK GOLD CORP COM COM 067901108 698 39,500 SH SHAR X 10,000 29,500
BARRICK GOLD CORP COM OPT 067901 884 50,000 SH SHAR X 50,000
BAXTER INTL INC COM COM 071813109 1,263 20,123 SH SHAR X 20,123
BELL ATLANTIC CORP COM COM 077853109 4,451 72,300 SH SHAR X 72,300
BELL ATLANTIC CORP COM OPT 077853 1,231 20,000 SH SHAR X 20,000
BELLSOUTH CORP COM COM 079860102 1,465 31,310 SH SHAR X 31,310
BERGEN BRUNSWIG CORP COM 083739102 147 17,750 SH SHAR X 17,750
BERKSHIRE HATHAWAY INC D COM 084670207 1,916 1,047 SH SHAR X 1,047
BESTFOODS COM 08658U101 4,724 89,890 SH SHAR X 89,890
BEVERLY ENTERPRISES INC COM 087851309 56 13,000 SH SHAR X 13,000
BIOGEN INC COM COM 090597105 921 10,900 SH SHAR X 10,900
BLOCK H & R INC COM COM 093671105 376 8,600 SH SHAR X 8,600
2 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
BOEING CO COM COM 097023105 833 20,107 SH SHAR X 20,107
BOSTON SCIENTIFIC CORP C COM 101137107 1,231 56,300 SH SHAR X 6,700 49,600
BRASS EAGLE INC COM COM 10553F106 100 20,000 SH SHAR X 20,000
BRISTOL MYERS SQUIBB CO COM 110122108 4,767 74,278 SH SHAR X 74,278
BROADCOM CORP COM 111320107 585 2,150 SH SHAR X 2,150
BROWN FORMAN CORP COM 115637100 323 6,000 SH SHAR X 6,000
BROWN TOM INC COM 115660201 179 13,396 SH SHAR X 1,046 12,350
BURLINGTON INDS INC NEW COM 121693105 168 42,000 SH SHAR X 42,000
BURLINGTON NORTHN SANTA COM 12189T104 921 37,987 SH SHAR X 37,987
BURLINGTON RES INC COM COM 122014103 918 27,778 SH SHAR X 27,778
CBS CORP COM COM 12490K107 2,966 46,398 SH SHAR X 1,000 45,398
CIGNA HIGH INCOME SHS COM 12551D109 123 23,000 SH SHAR X 23,000
CMGI INC COM COM 125750109 578 2,090 SH SHAR X 2,090
CTS CORP COM 126501105 783 10,400 SH SHAR X 10,400
CVS CORP COM COM 126650100 757 19,000 SH SHAR X 19,000
CANANDAIGUA BRANDS INC C COM 137219200 280 5,500 SH SHAR X 5,500
CARDINAL HEALTH INC COM COM 14149Y108 406 8,497 SH SHAR X 7,500 997
CARDINAL HEALTH INC COM OPT 14149Y 1,436 30,000 SH SHAR X 30,000
CARNIVAL CORP COM COM 143658102 860 18,000 SH SHAR X 18,000
CARRIZO OIL & GAS INC CO COM 144577103 123 61,835 SH SHAR X 61,835
CENTER TR INC DEBT 151845AA2 1,998 2,126,000 SH SHAR X 2,126,000
CENTRAL PAC MINERALS N L COM 154762306 68 10,831 SH SHAR X 5,831 5,000
CENTURA BKS INC COM COM 15640T100 1,349 30,593 SH SHAR X 30,593
CENTURYTEL INC COM COM 156700106 1,215 25,660 SH SHAR X 25,660
CHASE MANHATTAN CORP NEW COM 16161A108 3,092 39,812 SH SHAR X 39,812
CHESAPEAKE ENERGY CORP C COM 165167107 47 20,000 SH SHAR X 20,000
CHEVRON CORP COM COM 166751107 1,895 21,883 SH SHAR X 21,883
CHUBB CORP COM COM 171232101 2,666 47,350 SH SHAR X 47,350
CINERGY CORP COM COM 172474108 268 11,232 SH SHAR X 11,232
CIRCUIT CITY STORES INC COM 172737108 452 10,050 SH SHAR X 10,050
CIRCUIT CITY STORES INC OPT 172737 901 20,000 SH SHAR X 20,000
CISCO SYS INC COM COM 17275R102 8,446 78,849 SH SHAR X 172 78,677
CINTAS CORP COM COM 172908105 10,491 197,482 SH SHAR X 197,482
CITIGROUP INC COM COM 172967101 8,537 153,310 SH SHAR X 153,310
CLARIFY INC COM COM 180492100 1,688 13,400 SH SHAR X 13,400
CLEAR CHANNEL COMMUNICAT COM 184502102 3,529 39,546 SH SHAR X 22,500 17,046
COAST FED LITIGATION CON COM 19034Q110 265 176,900 SH SHAR X 176,800 100
COCA COLA CO COM COM 191216100 8,225 141,211 SH SHAR X 30,500 110,711
COCA COLA CO COM OPT 191216 4,077 70,000 SH SHAR X 70,000
COFLEXIP SPONSORED ADR COM 192384105 485 12,776 SH SHAR X 12,776
COLGATE PALMOLIVE CO COM 194162103 5,100 78,470 SH SHAR X 78,470
COLUMBIA ENERGY GROUP CO COM 197648108 306 4,850 SH SHAR X 4,700 150
COMCAST CORP COM 200300200 722 14,294 SH SHAR X 394 13,900
3 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
COMFORCE CORP COM COM 20038K109 50 17,400 SH SHAR X 17,400
COMPAQ COMPUTER CORP COM COM 204493100 468 17,300 SH SHAR X 17,300
COMPUTER ASSOC INTL INC COM 204912109 767 10,975 SH SHAR X 10,975
COMPUTER SCIENCES CORP C COM 205363104 1,935 20,450 SH SHAR X 20,450
COMVERSE TECHNOLOGY INC COM 205862402 868 6,000 SH SHAR X 6,000
COMVERSE TECHNOLOGY INC OPT 205862 868 6,000 SH SHAR X 6,000
CONOCO INC COM 208251405 380 15,285 SH SHAR X 15,285
CONSOLIDATED NAT GAS CO COM 209615103 668 10,300 SH SHAR X 9,600 700
CORNING INC COM COM 219350105 348 2,700 SH SHAR X 2,700
COSTCO WHSL CORP NEW COM 22160K105 378 4,151 SH SHAR X 4,151
CRESCENDO PHARMACEUTICAL COM 225637107 243 13,364 SH SHAR X 11,800 1,564
CROWN CORK & SEAL INC CO COM 228255105 238 10,650 SH SHAR X 10,650
CUBIST PHARMACEUTICALS I COM 229678107 317 16,500 SH SHAR X 16,500
CYGNUS INC COM COM 232560102 337 18,500 SH SHAR X 18,500
DII GROUP INC COM 232949107 830 11,700 SH SHAR X 8,200 3,500
DEERE & CO COM OPT 244199 1,735 40,000 SH SHAR X 40,000
DELL COMPUTER CORP COM 247025109 963 18,892 SH SHAR X 82 18,810
DELL COMPUTER CORP OPT 247025 204 4,000 SH SHAR X 4,000
DELTA $ PINE LD CO COM COM 247357106 1,739 100,116 SH SHAR X 50,000 50,116
DENISON INTL PLC COM 248335101 184 17,990 SH SHAR X 16,990 1,000
DEXTER CORP COM COM 252165105 1,710 43,040 SH SHAR X 43,040
DIAMOND OFFSHORE DRILLIN OPT 25271C 305 10,000 SH SHAR X 10,000
DILLARDS INC COM 254067101 242 12,000 SH SHAR X 12,000
DISNEY WALT CO COM COM 254687106 7,319 250,243 SH SHAR X 300 249,943
DONALDSON LUFKIN & JENRE COM 257661108 309 6,403 SH SHAR X 3 6,400
DOVER CORP COM COM 260003108 272 6,000 SH SHAR X 6,000
DOW CHEM CO COM COM 260543103 207 1,556 SH SHAR X 1,556
DOW JONES & CO INC COM COM 260561105 248 3,650 SH SHAR X 3,650
DU PONT E I DE NEMOURS & COM 263534109 2,986 45,337 SH SHAR X 45,337
DUFF & PHELPS CR RATING COM 26432F109 1,983 22,300 SH SHAR X 22,300
DUFF & PHELPS UTILS INCO COM 264324104 268 32,295 SH SHAR X 32,295
DUFF & PHELPS UTILS TAX COM 264325101 261 20,800 SH SHAR X 20,800
DUKE ENERGY CORP COM COM 264399106 1,421 28,366 SH SHAR X 28,366
EIS INTL INC COM COM 268539103 100 17,316 SH SHAR X 17,316
E M C CORP MASS COM COM 268648102 4,932 45,150 SH SHAR X 21,500 23,650
E-TEK DYNAMICS INC COM 269240107 518 3,852 SH SHAR X 1,000 2,852
EASTERN ENTERPRISES COM 27637F100 407 7,100 SH SHAR X 7,100
EASTMAN KODAK CO COM COM 277461109 2,933 44,277 SH SHAR X 25,000 19,277
ELAN PLC COM 284131208 391 13,255 SH SHAR X 13,255
ELECTRONIC ARTS COM 285512109 875 10,425 SH SHAR X 10,425
EMERSON ELEC CO COM COM 291011104 645 11,248 SH SHAR X 11,248
EMMIS COMMUNICATIONS COR COM 291525103 1,146 9,200 SH SHAR X 7,800 1,400
EMMIS COMMUNICATIONS COR OPT 291525 6,855 55,000 SH SHAR X 55,000
4 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
ENRON CORP COM 293561106 5,353 120,649 SH SHAR X 120,649
EQUITY RESIDENTIAL PPTYS COM 29476L107 217 5,100 SH SHAR X 5,100
ERICSSON L M TEL CO ADR COM 294821400 1,100 16,752 SH SHAR X 16,752
ERICSSON L M TEL CO ADR OPT 294821 1,313 20,000 SH SHAR X 20,000
EVANS & SUTHERLAND COMPU COM 299096107 174 15,218 SH SHAR X 11,418 3,800
EXXON MOBIL CORP COM 30231G102 12,254 152,109 SH SHAR X 152,109
FPL GROUP INC COM COM 302571104 692 16,174 SH SHAR X 16,174
FDX CORP COM COM 31304N107 2,681 65,490 SH SHAR X 65,490
FEDERAL HOME LN MTG CORP COM 313400301 307 6,543 SH SHAR X 6,543
FEDERAL MOGUL CORP COM COM 313549107 271 13,500 SH SHAR X 12,500 1,000
FANNIE MAE COM COM 313586109 604 9,674 SH SHAR X 9,674
FINANCIAL FED CORP COM COM 317492106 1,036 45,428 SH SHAR X 45,428
FIRST AUSTRALIA PRIME IN COM 318653102 105 20,806 SH SHAR X 20,806
FIRST UN CORP COM COM 337358105 898 27,273 SH SHAR X 27,273
FIRSTCOM CORP COM 33763T104 222 6,050 SH SHAR X 6,050
FLEETBOSTON FINL CORP COM 339030108 1,129 32,451 SH SHAR X 32,451
FLEETBOSTON FINL CORP 339030116 266 9,200 SH SHAR X 9,200
FORD MTR CO DEL COM COM 345370100 492 9,230 SH SHAR X 9,230
FRANKLIN RES INC COM COM 354613101 214 6,700 SH SHAR X 6,700
G&L RLTY CORP COM COM 361271109 408 46,300 SH SHAR X 46,300
GATX CORP COM COM 361448103 325 9,654 SH SHAR X 9,654
GTE CORP COM COM 362320103 3,662 51,907 SH SHAR X 1,200 50,707
GANNETT INC COM COM 364730101 3,311 40,600 SH SHAR X 40,600
GAP INC COM COM 364760108 2,000 43,479 SH SHAR X 43,479
GENERAL ELEC CO COM COM 369604103 15,072 97,400 SH SHAR X 28,019 69,381
GENERAL ELEC CO COM OPT 369604 4,642 30,000 SH SHAR X 30,000
GENERAL INSTR CORP DEL C COM 370120107 1,164 13,700 SH SHAR X 13,600 100
GENERAL MLS INC COM 370334104 1,889 52,840 SH SHAR X 52,840
GENERAL MTRS CORP COM COM 370442105 559 7,692 SH SHAR X 7,692
GENERAL MTRS CORP COM 370442832 5,082 52,940 SH SHAR X 52,940
GENERAL MTRS CORP COM OPT 370442 3,241 44,600 SH SHAR X 44,600
GEORGIA PAC GROUP COM 373298108 263 5,200 SH SHAR X 5,200
GILLETTE CO COM COM 375766102 1,954 47,442 SH SHAR X 47,442
GLAXO WELLCOME PLC COM 37733W105 1,927 34,490 SH SHAR X 34,490
GLOBAL INDS LTD COM COM 379336100 86 10,030 SH SHAR X 10,030
GOLDEN ST BANCORP INC 381197136 60 69,713 SH SHAR X 1,536 68,177
GOODRICH B F CO OPT 382388 6,375 255,000 SH SHAR X 255,000
GRANITE CONSTR INC COM 387328107 280 15,190 SH SHAR X 15,190
GRUPO TRIBASA S A DE C V COM 40049F105 3 10,000 SH SHAR X 10,000
GRUPO TELEVISA S A DE CV COM 40049J206 539 7,900 SH SHAR X 7,900
GULFMARK OFFSHORE INC CO COM 402629109 398 27,233 SH SHAR X 27,233
HALLIBURTON CO COM COM 406216101 384 9,548 SH SHAR X 9,548
HANNAFORD BROS CO COM COM 410550107 1,420 20,500 SH SHAR X 19,800 700
5 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
HARCOURT GEN INC COM COM 41163G101 4,704 116,875 SH SHAR X 116,875
HARLEY DAVIDSON INC COM COM 412822108 330 5,165 SH SHAR X 5,165
HARTFORD FINL SVCS GROUP COM 416515104 1,606 33,900 SH SHAR X 33,900
HEALTHSOUTH CORP DEBT 421924AF8 1,735 2,250,000 SH SHAR X 2,250,000
HEINZ H J CO COM COM 423074103 601 15,110 SH SHAR X 15,110
HERSHEY FOODS CORP COM COM 427866108 241 5,100 SH SHAR X 5,100
HEWLETT PACKARD CO COM COM 428236103 5,237 46,040 SH SHAR X 1,000 45,040
HEWLETT PACKARD CO COM OPT 428236 3,981 35,000 SH SHAR X 35,000
HILTON HOTELS CORP COM COM 432848109 436 45,650 SH SHAR X 11,000 34,650
HILTON HOTELS CORP COM OPT 432848 95 10,000 SH SHAR X 10,000
HOME DEPOT INC COM COM 437076102 4,703 68,416 SH SHAR X 14,800 53,616
HOME DEPOT INC COM OPT 437076 1,375 20,000 SH SHAR X 20,000
HONEYWELL INTL INC COM 438516106 3,248 56,307 SH SHAR X 56,307
IMS HEALTH INC COM 449934108 545 20,050 SH SHAR X 20,050
ILLINOIS TOOL WKS INC CO COM 452308109 8,016 118,654 SH SHAR X 5,494 113,160
IMAX CORP COM COM 45245E109 547 20,000 SH SHAR X 20,000
IMMULOGIC PHARMACEUTICAL COM 45252R100 10 19,000 SH SHAR X 19,000
IMPATH INC COM COM 45255G101 1,256 49,406 SH SHAR X 556 48,850
INFINITY BROADCASTING CO COM 45662S102 221 6,131 SH SHAR X 6,131
INFORMIX CORP COM 456779107 931 81,396 SH SHAR X 10,646 70,750
INGRAM MICRO INC COM 457153104 131 10,000 SH SHAR X 10,000
INTEL CORP COM 458140100 34,634 420,763 SH SHAR X 366 420,397
INTERMEDIA COMMUNICATION COM 458801107 660 17,020 SH SHAR X 20 17,000
INTERNATIONAL BUSINESS M COM 459200101 8,105 75,142 SH SHAR X 75,142
INTERNATIONAL FLAVORS & COM 459506101 985 26,200 SH SHAR X 26,200
INTERNATIONAL PAPER CO C COM 460146103 614 10,886 SH SHAR X 4,500 6,386
INTERNATIONAL SPECIALTY COM 460337108 110 12,000 SH SHAR X 12,000
INTERNET CAP GROUP INC OPT 46059C 357 3,000 SH SHAR X 3,000
INTERPUBLIC GROUP COS IN COM 460690100 6,328 109,708 SH SHAR X 109,708
IVAX CORP DEBT 465823AA0 1,354 1,393,000 SH SHAR X 3,000 1,390,000
JDS UNIPHASE CORP COM 46612J101 285 1,770 SH SHAR X 315 1,455
JABIL CIRCUIT INC COM COM 466313103 365 5,000 SH SHAR X 5,000
JABIL CIRCUIT INC COM OPT 466313 365 5,000 SH SHAR X 5,000
JEFFERSON PILOT CORP COM COM 475070108 583 8,550 SH SHAR X 8,550
JOHNSON & JOHNSON COM COM 478160104 12,139 130,180 SH SHAR X 2 130,178
KANSAS CITY SOUTHN INDS COM 485170104 304 4,075 SH SHAR X 4,075
KELLOGG CO COM COM 487836108 841 27,300 SH SHAR X 27,300
KELLY SVCS INC COM 488152208 435 17,350 SH SHAR X 17,350
KERR MCGEE CORP COM COM 492386107 236 3,819 SH SHAR X 3,819
KEYSPAN CORP COM 49337W100 490 21,156 SH SHAR X 21,156
KIMBERLY CLARK CORP COM COM 494368103 8,349 127,597 SH SHAR X 127,597
LHS GROUP INC COM COM 501938104 400 16,300 SH SHAR X 16,300
LTC PPTYS INC DEBT 502175AC6 510 560,000 SH SHAR X 560,000
6 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
LEHMAN BROTHERS HLDGS IN COM 524908100 334 3,954 SH SHAR X 2 3,952
LILLY ELI & CO COM COM 532457108 3,181 47,848 SH SHAR X 47,848
LINCOLN NATL CORP IND CO COM 534187109 1,118 27,965 SH SHAR X 27,965
LOEWS CORP COM COM 540424108 274 4,526 SH SHAR X 4,526
LOWES COS INC COM COM 548661107 392 6,570 SH SHAR X 6,570
LUCENT TECHNOLOGIES INC COM 549463107 6,037 80,502 SH SHAR X 10,000 70,502
LYONDELL CHEMICAL CO COM COM 552078107 201 15,795 SH SHAR X 15,795
MCI WORLDCOM INC COM COM 55268B106 1,663 33,113 SH SHAR X 1,196 31,917
MFS GOVT MKTS INCOME TR COM 552939100 56 10,000 SH SHAR X 10,000
MRV COMMUNICATIONS INC C OPT 553477 471 7,500 SH SHAR X 7,500
MAGNA INTL INC COM 559222401 423 10,000 SH SHAR X 10,000
MALAN RLTY INVS INC DEBT 561063AA6 224 250,000 SH SHAR X 250,000
MALLON RES CORP COM 561240201 114 19,298 SH SHAR X 19,298
MANDALAY RESORT GROUP OPT 562567 402 20,000 SH SHAR X 20,000
MANUFACTURED HOME CMNTYS COM 564682102 367 15,100 SH SHAR X 15,100
MARCUS CORP COM COM 566330106 201 15,000 SH SHAR X 15,000
MATTEL INC COM COM 577081102 339 25,892 SH SHAR X 17,500 8,392
MAXTOR CORP COM 577729205 2,758 380,500 SH SHAR X 380,500
MAXTOR CORP OPT 577729 4,835 667,000 SH SHAR X 667,000
MAY DEPT STORES CO COM 577778103 254 7,899 SH SHAR X 7,899
MAYTAG CORP COM OPT 578592 1,440 30,000 SH SHAR X 30,000
MCDONALDS CORP COM COM 580135101 8,014 198,818 SH SHAR X 137,500 61,318
MCDONALDS CORP COM OPT 580135 5,039 125,000 SH SHAR X 125,000
MCKESSON HBOC INC COM COM 58155Q103 2,547 113,200 SH SHAR X 95,000 18,200
MCKESSON HBOC INC COM OPT 58155Q 821 36,500 SH SHAR X 36,500
MEDIAONE GROUP INC COM COM 58440J104 2,626 34,193 SH SHAR X 11,600 22,593
MEDTOX SCIENTIFIC INC COM 584977201 111 12,600 SH SHAR X 12,600
MEDTRONIC INC COM COM 585055106 217 5,960 SH SHAR X 5,960
MELLON FINL CORP COM 58551A108 3,441 101,030 SH SHAR X 101,030
MERCK & CO INC COM COM 589331107 13,360 198,859 SH SHAR X 198,859
MEREDITH CORP COM COM 589433101 4,714 113,079 SH SHAR X 113,079
MERRILL LYNCH & CO INC C COM 590188108 627 7,526 SH SHAR X 3 7,523
MESABI TR COM 590672101 30 10,000 SH SHAR X 10,000
METAMOR WORLDWIDE INC CO COM 59133P100 1,194 41,000 SH SHAR X 41,000
MICROSOFT CORP COM 594918104 5,988 51,294 SH SHAR X 125 51,169
MICROSOFT CORP OPT 594918 1,120 9,600 SH SHAR X 9,600
MICRON TECHNOLOGY INC CO COM 595112103 691 8,900 SH SHAR X 8,900
MIDAMERICAN ENERGY HLDGS COM 59562V107 256 7,600 SH SHAR X 5,600 2,000
MINDSPRING ENTERPRISES I OPT 602683 528 20,000 SH SHAR X 20,000
MINNESOTA MNG & MFG CO C COM 604059105 1,039 10,622 SH SHAR X 10,622
MITCHAM INDS INC COM 606501104 36 10,500 SH SHAR X 10,500
MOBILE AMER CORP FLA COM 607235504 267 138,092 SH SHAR X 138,092
MONSANTO CO COM COM 611662107 2,101 59,296 SH SHAR X 20,500 38,796
7 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
MORGAN J P & CO INC COM COM 616880100 1,511 11,934 SH SHAR X 11,934
MORGAN STANLEY DEAN WITT COM 617446448 3,634 25,463 SH SHAR X 3 25,460
MORRISON KNUDSEN CORP NE COM 61844A109 85 11,000 SH SHAR X 11,000
MORRISON KNUDSEN CORP NE 61844A117 119 51,823 SH SHAR X 51,823
MOTOROLA INC COM COM 620076109 1,193 8,104 SH SHAR X 8,104
MURPHY OIL CORP COM COM 626717102 467 8,150 SH SHAR X 8,150
NATIONAL SEMICONDUCTOR C COM 637640103 411 9,600 SH SHAR X 9,600
NAUTICA ENTERPRISES INC COM 639089101 128 11,357 SH SHAR X 10,357 1,000
NEIMAN-MARCUS GROUP INC COM 640204301 662 24,600 SH SHAR X 24,600
NETMOVES CORP COM 64116A104 4,114 587,800 SH SHAR X 587,800
NETMOVES CORP OPT 64116A 4,060 580,000 SH SHAR X 580,000
NETWORK APPLIANCE INC CO COM 64120L104 265 3,200 SH SHAR X 3,200
NETWORK PERIPHERALS INC COM 64121R100 236 5,000 SH SHAR X 5,000
NETWORK PERIPHERALS INC OPT 64121R 354 7,500 SH SHAR X 7,500
NEW AMER HIGH INCOME FD COM 641876107 70 22,500 SH SHAR X 22,500
NEW ENGLAND ELEC SYS COM COM 644001109 786 15,200 SH SHAR X 14,600 600
NEW YORK TIMES CO COM 650111107 257 5,240 SH SHAR X 5,240
NEWELL RUBBERMAID INC CO COM 651229106 333 11,509 SH SHAR X 11,509
NEWMONT MNG CORP COM OPT 651639 490 20,000 SH SHAR X 20,000
NEWS CORP LTD COM 652487703 3,164 82,733 SH SHAR X 82,733
NEWS CORP LTD COM 652487802 18,867 564,251 SH SHAR X 564,251
NEXTEL COMMUNICATIONS IN COM 65332V103 339 3,292 SH SHAR X 192 3,100
NEXTEL COMMUNICATIONS IN OPT 65332V 3,093 30,000 SH SHAR X 30,000
NOKIA CORP SPONSORED ADR COM 654902204 386 2,025 SH SHAR X 2,025
NORFOLK SOUTHN CORP COM COM 655844108 278 13,600 SH SHAR X 13,600
NORTEL NETWORKS CORP COM 656569100 1,602 15,869 SH SHAR X 2,500 13,369
NORTEL NETWORKS CORP OPT 656569 252 2,500 SH SHAR X 2,500
NORTH AMERN VACCINE INC COM 657201109 45 10,200 SH SHAR X 6,200 4,000
NORTH AMERN VACCINE INC DEBT 657201AC3 385 528,000 SH SHAR X 528,000
NORTHERN TR CORP COM COM 665859104 1,431 27,000 SH SHAR X 27,000
NUVEEN N Y QUALITY INCOM COM 670986108 148 11,800 SH SHAR X 11,800
OMNIPOINT CORP COM COM 68212D102 3,232 26,800 SH SHAR X 24,800 2,000
OMNIPOINT CORP COM OPT 68212D 2,774 23,000 SH SHAR X 23,000
OPTICAL COATING LAB INC COM 683829105 651 2,200 SH SHAR X 2,200
PE CORP COM 69332S102 2,935 24,400 SH SHAR X 24,400
PE CORP COM 69332S201 3,322 22,300 SH SHAR X 22,300
PIMCO ADVISORS HLDGS L P COM 69338P102 282 7,500 SH SHAR X 3,000 4,500
PMC-SIERRA INC COM 69344F106 328 2,050 SH SHAR X 1,050 1,000
PACTIV CORP COM 695257105 108 10,200 SH SHAR X 10,200
PARADIGM GEOPHYSICAL LTD COM 69900J104 488 99,661 SH SHAR X 95,261 4,400
PARK PL ENTMT CORP COM COM 700690100 1,083 86,650 SH SHAR X 86,650
PARKER HANNIFIN CORP COM COM 701094104 952 18,562 SH SHAR X 18,562
PECHINEY SPONSORED ADR COM 705151207 326 9,000 SH SHAR X 9,000
8 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
PENNEY J C INC COM COM 708160106 897 45,013 SH SHAR X 45,000 13
PENNEY J C INC COM OPT 708160 996 50,000 SH SHAR X 50,000
PEPSI BOTTLING GROUP INC COM 713409100 369 22,300 SH SHAR X 10,000 12,300
PEPSICO INC COM COM 713448108 5,174 146,799 SH SHAR X 5,000 141,799
PHARMACIA & UPJOHN INC COM 716941109 1,408 31,295 SH SHAR X 31,295
PFIZER INC COM COM 717081103 7,358 226,834 SH SHAR X 226,834
PHILADELPHIA SUBN CORP COM 718009608 360 17,432 SH SHAR X 17,432
PHILIP MORRIS COS INC CO COM 718154107 3,715 161,550 SH SHAR X 97,500 64,050
PHILIP MORRIS COS INC CO OPT 718154 2,300 100,000 SH SHAR X 100,000
PHOTRONICS INC COM COM 719405102 515 18,000 SH SHAR X 18,000
POGO PRODUCING CO COM COM 730448107 2,612 128,200 SH SHAR X 128,200
POGO PRODUCING CO SUB NT DEBT 730448AE7 568 715,000 SH SHAR X 715,000
PRIMUS TELECOMMUNICATION COM 741929103 3,133 81,930 SH SHAR X 81,930
PROCTER & GAMBLE CO COM COM 742718109 3,328 30,378 SH SHAR X 30,378
PROGRESSIVE CORP OHIO CO COM 743315103 5,971 81,666 SH SHAR X 8,900 72,766
PROTECTIVE LIFE CORP COM COM 743674103 531 16,700 SH SHAR X 16,700
PSINET INC COM COM 74437C101 240 3,900 SH SHAR X 3,900
QUAKER OATS CO COM COM 747402105 236 3,600 SH SHAR X 3,600
QUALCOMM INC COM 747525103 1,470 8,350 SH SHAR X 2,000 6,350
R & B FALCON CORP COM 74912E101 318 24,035 SH SHAR X 24,035
RPM INC OHIO COM COM 749685103 441 43,301 SH SHAR X 43,301
RAYTHEON CO COM 755111408 430 16,213 SH SHAR X 16,213
REPUBLIC N Y CORP COM COM 760719104 288 4,003 SH SHAR X 4,003
REUTERS GROUP PLC COM 76132M102 1,590 19,680 SH SHAR X 19,680
REYNOLDS METALS CO COM COM 761763101 1,923 25,100 SH SHAR X 25,100
REYNOLDS METALS CO COM OPT 761763 674 8,800 SH SHAR X 8,800
RHONE POULENC S A COM 762426609 971 15,000 SH SHAR X 15,000
ROUGE INDS INC DEL COM 779088103 216 27,500 SH SHAR X 27,500
ROWAN COS INC COM COM 779382100 275 12,700 SH SHAR X 10,000 2,700
ROYAL DUTCH PETE CO COM 780257804 7,064 116,650 SH SHAR X 116,650
SBC COMMUNICATIONS INC COM 78387G103 4,472 91,736 SH SHAR X 7,500 84,236
SCI SYS INC OPT 783890 1,080 15,000 SH SHAR X 15,000
SPDR TR COM 78462F103 400 2,727 SH SHAR X 2,727
SABRE HLDGS CORP COM 785905100 1,035 20,200 SH SHAR X 20,200
SAFEWAY INC OPT 786514 715 20,000 SH SHAR X 20,000
SARA LEE CORP COM COM 803111103 952 43,181 SH SHAR X 25,000 18,181
SCHERING PLOUGH CORP COM COM 806605101 4,354 102,756 SH SHAR X 102,756
SCHLUMBERGER LTD COM COM 806857108 2,929 52,197 SH SHAR X 52,197
SCHWAB CHARLES CORP NEW COM 808513105 355 9,306 SH SHAR X 4,006 5,300
SCIENTIFIC ATLANTA INC C COM 808655104 1,815 32,500 SH SHAR X 32,500
SEAGRAM LTD COM COM 811850106 1,713 38,300 SH SHAR X 38,300
SEAGRAM LTD PFD 811850205 443 9,850 SH SHAR X 9,850
SERVICEMASTER CO COM 81760N109 179 14,543 SH SHAR X 14,543
9 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
SIEBEL SYS INC COM COM 826170102 3,995 47,560 SH SHAR X 47,560
SIGMA ALDRICH CORP COM COM 826552101 781 26,000 SH SHAR X 26,000
SILICON GRAPHICS INC COM COM 827056102 96 10,000 SH SHAR X 10,000
SILICON GRAPHICS INC COM OPT 827056 96 10,000 SH SHAR X 10,000
SIRIUS SATELLITE RADIO I COM 82966U103 516 11,600 SH SHAR X 11,600
SMITHKLINE BEECHAM P L C COM 832378301 2,871 44,775 SH SHAR X 44,775
SNYDER COMMUNICATIONS IN COM 832914105 356 18,500 SH SHAR X 18,500
SONERA GROUP PLC COM 835433202 322 4,650 SH SHAR X 4,650
SOUTHERN PAC PETE N L COM 843581307 85 30,522 SH SHAR X 20,522 10,000
SPRINT CORP COM 852061100 592 8,800 SH SHAR X 8,800
STANDARD PAC CORP NEW CO COM 85375C101 440 40,000 SH SHAR X 40,000
STANDARD PAC CORP NEW CO OPT 85375C 440 40,000 SH SHAR X 40,000
STAPLES INC COM COM 855030102 674 32,525 SH SHAR X 32,525
STARBUCKS CORP COM COM 855244109 669 27,620 SH SHAR X 5,404 22,216
STATION CASINOS INC COM OPT 857689 430 20,000 SH SHAR X 20,000
STOLT COMEX SEAWAY S A COM 861567105 573 52,180 SH SHAR X 52,180
SUMMIT BANCORP COM COM 866005101 251 8,201 SH SHAR X 8,201
SUN MICROSYSTEMS INC COM COM 866810104 5,881 75,951 SH SHAR X 39 75,912
SUNGARD DATA SYS INC OPT 867363 1,450 50,000 SH SHAR X 50,000
SUNSHINE MNG & REFNG CO COM 867833501 22 16,718 SH SHAR X 16,718
SUNTRUST BKS INC COM COM 867914103 1,113 16,176 SH SHAR X 16,176
SYMANTEC CORP COM COM 871503108 1,876 32,011 SH SHAR X 371 31,640
SYMANTEC CORP COM OPT 871503 351 6,000 SH SHAR X 6,000
SYSCO CORP COM COM 871829107 205 5,200 SH SHAR X 5,200
TCW CONV SECS FD INC COM COM 872340104 122 12,800 SH SHAR X 12,800
TSI INTL SOFTWARE LTD CO COM 872879101 226 4,000 SH SHAR X 4,000
TELECOMUNICACOES BRASILE COM 879287308 322 2,503 SH SHAR X 2,503
TELEPHONE & DATA SYS INC COM 879433100 1,414 11,225 SH SHAR X 11,225
TELLABS INC COM 879664100 698 10,887 SH SHAR X 10,887
TEMPLE-INLAND INC COM COM 879868107 745 11,300 SH SHAR X 11,300
TEVA PHARMACEUTICAL INDS COM 881624209 1,161 16,200 SH SHAR X 16,200
TEXACO INC COM COM 881694103 2,612 48,099 SH SHAR X 48,099
TEXAS INSTRS INC COM 882508104 768 7,950 SH SHAR X 7,950
TEXTRON INC COM COM 883203101 237 3,100 SH SHAR X 3,100
3COM CORP COM COM 885535104 747 15,900 SH SHAR X 300 15,600
TIME WARNER INC COM COM 887315109 12,551 173,578 SH SHAR X 173,578
TIME WARNER INC COM OPT 887315 1,084 15,000 SH SHAR X 15,000
TIME WARNER INC COM OPT 887315 7,231 100,000 SH SHAR X 100,000
TOYS R US INC COM COM 892335100 2,535 177,166 SH SHAR X 177,166
TRANSACTION SYS ARCHITEC COM 893416107 350 12,500 SH SHAR X 12,500
TRANSIT GROUP INC COM COM 893691105 34 11,174 SH SHAR X 11,174
TRANSIT GROUP INC 893691113 42 39,851 SH SHAR X 39,851
TRICO MARINE SVCS INC CO COM 896106101 164 23,343 SH SHAR X 20,343 3,000
10 OF 11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COL-
UMN COLUMN
COLUMN 1 2 COLUMN 3 COLUMN 4 COLUMN 5 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>
TYCO INTL LTD NEW COM 902124106 556 14,262 SH SHAR X 2,600 11,662
USX-MARATHON GROUP COM 902905827 590 23,900 SH SHAR X 23,900
U S FRANCHISE SYS INC COM 902956309 46 10,418 SH SHAR X 10,418
USA NETWORKS INC COM COM 902984103 2,369 42,880 SH SHAR X 42,880
U S FOODSERVICE COM 90331R101 4,451 265,750 SH SHAR X 210,400 55,350
UNIFAB INTL INC COM 90467L100 137 24,190 SH SHAR X 24,190
UNION CARBIDE CORP COM COM 905581104 2,643 39,600 SH SHAR X 39,600
UNION CARBIDE CORP COM OPT 905581 387 5,800 SH SHAR X 5,800
UNION PAC CORP COM COM 907818108 537 12,300 SH SHAR X 12,300
UNISYS CORP COM 909214108 499 15,632 SH SHAR X 15,632
U S WEST INC NEW COM COM 91273H101 1,483 20,598 SH SHAR X 14,400 6,198
UNITED TECHNOLOGIES CORP COM 913017109 2,350 36,169 SH SHAR X 36,169
UNIVERSAL FOODS CORP COM COM 913538104 482 23,700 SH SHAR X 23,700
UNIVISION COMMUNICATIONS COM 914906102 1,913 18,730 SH SHAR X 18,730
UNIVISION COMMUNICATIONS OPT 914906 255 2,500 SH SHAR X 2,500
UNOCAL CORP COM COM 915289102 755 22,500 SH SHAR X 22,500
VALERO ENERGY CORP COM 91913Y100 228 11,500 SH SHAR X 11,500
VERITY INC COM COM 92343C106 1,334 31,350 SH SHAR X 31,350
VIACOM INC COM 925524308 3,375 55,852 SH SHAR X 55,852
VIATEL INC COM COM 925529208 253 4,725 SH SHAR X 4,725
VISIO CORP COM 927914101 456 9,600 SH SHAR X 9,600
VODAFONE AIRTOUCH PLC OR COM 92857T107 2,262 45,715 SH SHAR X 45,715
WACHOVIA CORP NEW COM COM 929771103 224 3,300 SH SHAR X 3,300
WAL MART STORES INC COM 931142103 3,018 43,670 SH SHAR X 10,000 33,670
WALGREEN CO COM COM 931422109 244 8,358 SH SHAR X 8,358
WARNER LAMBERT CO COM COM 934488107 6,108 74,552 SH SHAR X 400 74,152
WASHINGTON MUT INC COM COM 939322103 1,308 50,564 SH SHAR X 50,564
WASHINGTON POST CO COM 939640108 286 516 SH SHAR X 516
WEATHERFORD INTL INC NEW COM 947074100 605 15,150 SH SHAR X 15,150
WELLS FARGO & CO NEW COM COM 949746101 1,291 31,940 SH SHAR X 31,940
WHITMAN CORP NEW COM COM 96647R107 404 30,122 SH SHAR X 30,122
XILINX INC COM 983919101 209 4,617 SH SHAR X 3,237 1,380
XEROX CORP COM COM 984121103 312 13,790 SH SHAR X 13,790
YAHOO INC COM 984332106 432 999 SH SHAR X 96 903
YOUNG & RUBICAM INC COM 987425105 922 13,042 SH SHAR X 13,042
ZIFF-DAVIS INC COM COM 989511100 611 38,700 SH SHAR X 38,200 500
ZOMAX INC COM COM 989929104 475 10,500 SH SHAR X 10,500
11 OF 11
</TABLE>
