UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Global Asset Management (USA) Inc.
Address: 135 East 57th Street
25th Floor
New York, NY 10022
13F File Number: 28-7714
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: Joseph J. Allessie
Title: General Counsel
Phone: 212-407-4766
Signature, Place, and Date of Signing:
Joseph J. Allessie New York, New York 05/13/1999
Report Type (Check only one.):
[ 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: 4
Form 13F Information Table Entry Total: 433
Form 13F Information Table Value Total: $876,515
List of other Included Managers
No. 13F File Number Name
01 00-00000-000 GAM International Management Ltd
02 00-00000-000 Global Asset Management (H.K.) Limited
03 00-00000-000 Global Asset Management Limited (BDA)
04 00-00000-000 Global Asset Management Limited (UK)
<TABLE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 1 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3COM Corp. Common NPV Com 885535104 7,721 330,746 330,746 0 0 04 02 330,746 0 0
3COM Corp. Common NPV Com 885535104 2,800 119,932 119,932 0 0 01 119,932 0 0
3COM Corp. Common NPV Com 885535104 947 40,548 40,548 0 0 01 02 40,548 0 0
3COM Corp. Common NPV Com 885535104 2,832 121,326 121,326 0 0 04 121,326 0 0
Abbott Laboratories Common NPV Com 002824100 2,696 57,600 0 57,600 0 01 57,600 0 0
Abbott Laboratories Common NPV Com 002824100 7,910 168,962 168,962 0 0 04 02 168,962 0 0
Abbott Laboratories Common NPV Com 002824100 3,091 65,931 65,931 0 0 01 65,931 0 0
Abbott Laboratories Common NPV Com 002824100 847 18,088 18,088 0 0 01 02 18,088 0 0
Abbott Laboratories Common NPV Com 002824100 3,197 68,296 68,296 0 0 04 68,296 0 0
Abbott Laboratories Common NPV Com 002824100 1,693 36,170 36,170 0 0 04 02 36,170 0 0
Adv. Semiconductor Eng. Inc. - GDR Com Y00153117 810 60,000 60,000 0 0 01 02 60,000 0 0
Alberto-Culver Co. Cls. A Cv. USD0 Com 013068200 213 10,000 10,000 0 0 04 02 10,000 0 0
Alberto-Culver Co. Cls. A Cv. USD0 Com 013068200 1,279 60,000 60,000 0 0 04 60,000 0 0
Alberto-Culver Co. Cls. A Cv. USD0 Com 013068200 852 40,000 40,000 0 0 04 02 40,000 0 0
Albertson's Incorporated Common US Com 013104104 635 11,684 11,684 0 0 01 02 11,684 0 0
Albertson's Incorporated Common US Com 013104104 1,504 27,687 27,687 0 0 04 27,687 0 0
AlliedSignal Incorporated Com. USD Com 019512102 2,471 50,200 0 50,200 0 01 50,200 0 0
AlliedSignal Incorporated Com. USD Com 019512102 123 2,500 2,500 0 0 04 02 2,500 0 0
AlliedSignal Incorporated Com. USD Com 019512102 480 10,000 10,000 0 0 01 10,000 0 0
Amcor Ltd. 7.25% Perp. Red. Inc. P Pref 02341R401 787 16,400 16,400 0 0 04 16,400 0 0
American Express Company Common US Com 025816109 7,767 66,122 66,122 0 0 04 02 66,122 0 0
American Express Company Common US Com 025816109 4,131 35,171 35,171 0 0 01 35,171 0 0
American Express Company Common US Com 025816109 1,338 11,390 11,390 0 0 01 02 11,390 0 0
American Express Company Common US Com 025816109 4,157 35,385 35,385 0 0 04 35,385 0 0
American Express Company Common US Com 025816109 1,484 12,632 12,632 0 0 04 02 12,632 0 0
---------
61,764
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 2 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
American Freightways Common USD0.0 Com 02629V108 1,272 100,000 100,000 0 0 04 100,000 0 0
American General Corp. Common USD0 Com 026351106 423 6,000 0 6,000 0 01 6,000 0 0
American General Corp. Common USD0 Com 026351106 212 3,000 3,000 0 0 04 02 3,000 0 0
American General Corp. Common USD0 Com 026351106 88 1,200 1,200 0 0 01 1,200 0 0
American General Corp. Common USD0 Com 026351106 2,926 41,508 41,508 0 0 04 41,508 0 0
American General Corp. Common USD0 Com 026351106 1,058 15,000 15,000 0 0 04 02 15,000 0 0
American Home Products Common USD0 Com 026609107 3,106 47,600 0 47,600 0 01 47,600 0 0
American Home Products Common USD0 Com 026609107 131 2,000 2,000 0 0 04 02 2,000 0 0
American Home Products Common USD0 Com 026609107 587 9,000 9,000 0 0 01 9,000 0 0
American International Grp. Com. U Com 026874107 13,502 111,959 111,959 0 0 04 02 111,959 0 0
American International Grp. Com. U Com 026874107 4,321 35,834 35,834 0 0 01 35,834 0 0
American International Grp. Com. U Com 026874107 1,560 12,935 12,935 0 0 01 02 12,935 0 0
American International Grp. Com. U Com 026874107 4,778 39,621 39,621 0 0 04 39,621 0 0
American International Grp. Com. U Com 026874107 1,627 13,490 13,490 0 0 04 02 13,490 0 0
AmeriSource Health Corp. Class A C Com 03071P102 6,502 190,372 190,372 0 0 04 02 190,372 0 0
AmeriSource Health Corp. Class A C Com 03071P102 1,973 57,754 57,754 0 0 01 57,754 0 0
AmeriSource Health Corp. Class A C Com 03071P102 858 25,116 25,116 0 0 01 02 25,116 0 0
AmeriSource Health Corp. Class A C Com 03071P102 2,627 76,924 76,924 0 0 04 76,924 0 0
Ameritech Corporation Common USD1. Com 030954101 1,446 25,000 0 25,000 0 01 25,000 0 0
Anheuser-Busch Corporation Com. US Com 035229103 206 2,700 0 2,700 0 01 2,700 0 0
Archer Daniels Midland Common NPV Com 039483102 51 3,472 3,472 0 0 01 3,472 0 0
Archer Daniels Midland Common NPV Com 039483102 1,781 121,550 121,550 0 0 04 121,550 0 0
ASARCO Incorporated Common NPV Com 043413103 414 30,000 30,000 0 0 04 02 30,000 0 0
Associates First Capital Corp. Com Com 046008108 2,996 66,588 0 66,588 0 01 66,588 0 0
Associates First Capital Corp. Com Com 046008108 135 3,000 3,000 0 0 04 02 3,000 0 0
---------
54,580
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 3 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Associates First Capital Corp. Com Com 046008108 562 12,098 12,098 0 0 01 12,098 0 0
AT&T Corporation Common USD1.00 Com 001957109 1,870 22,500 22,500 0 0 03 22,500 0 0
Automatic Data Processing Inc. USD Com 053015103 6,964 168,575 168,575 0 0 04 02 168,575 0 0
Automatic Data Processing Inc. USD Com 053015103 2,309 55,891 55,891 0 0 01 55,891 0 0
Automatic Data Processing Inc. USD Com 053015103 833 20,174 20,174 0 0 01 02 20,174 0 0
Automatic Data Processing Inc. USD Com 053015103 2,553 61,797 61,797 0 0 04 61,797 0 0
AVX Corporation Common USD0.01 Com 002444107 40 2,500 2,500 0 0 01 2,500 0 0
BankAmerica Corporation Common USD Com 06605F102 2,861 40,505 0 40,505 0 01 40,505 0 0
BankAmerica Corporation Common USD Com 06605F102 495 7,000 7,000 0 0 04 02 7,000 0 0
BankAmerica Corporation Common USD Com 06605F102 558 8,000 8,000 0 0 01 8,000 0 0
BankAmerica Corporation Common USD Com 06605F102 4,944 70,000 70,000 0 0 04 70,000 0 0
BankAmerica Corporation Common USD Com 06605F102 1,201 17,000 17,000 0 0 04 02 17,000 0 0
Barrett Resources Corp. Common USD Com 068480201 301 12,000 12,000 0 0 04 02 12,000 0 0
Barrett Resources Corp. Common USD Com 068480201 752 30,000 30,000 0 0 01 30,000 0 0
Bell Atlantic Corporation Com. USD Com 077853109 563 10,900 0 10,900 0 01 10,900 0 0
Bell Atlantic Corporation Com. USD Com 077853109 240 4,600 4,600 0 0 01 4,600 0 0
BellSouth Corporation Common USD1. Com 079860102 2,606 65,000 0 65,000 0 01 65,000 0 0
BellSouth Corporation Common USD1. Com 079860102 140 3,500 3,500 0 0 04 02 3,500 0 0
BellSouth Corporation Common USD1. Com 079860102 649 16,000 16,000 0 0 01 16,000 0 0
Berkshire Hathaway Inc. Common USD Com 084670108 3,575 50 0 50 0 01 50 0 0
Berkshire Hathaway Inc. Common USD Com 084670108 743 10 10 0 0 01 10 0 0
Best Buy Company Inc. Common USD0. Com 086516101 1,247 24,000 24,000 0 0 01 24,000 0 0
Best Buy Company Inc. Common USD0. Com 086516101 5,457 105,000 105,000 0 0 04 105,000 0 0
BMC Software Incorporated Common U Com 055921100 151 4,081 4,081 0 0 04 4,081 0 0
BMC Software Incorporated Common U Com 055921100 1,732 46,704 46,704 0 0 04 02 46,704 0 0
---------
43,347
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 4 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bokum Resources Corporation Com. U Com 097500102 0 500 500 0 0 04 500 0 0
Bradley Real Estate Inc. Common US Com 104580105 272 15,000 15,000 0 0 04 02 15,000 0 0
Bradley Real Estate Inc. Common US Com 104580105 362 20,000 20,000 0 0 01 20,000 0 0
Bradley Real Estate Inc. Common US Com 104580105 906 50,000 50,000 0 0 04 50,000 0 0
Brauns Fashions Corporation Com. U Com 105658108 158 20,000 20,000 0 0 04 02 20,000 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 3,086 48,000 0 48,000 0 01 48,000 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 6,684 103,982 103,982 0 0 04 02 103,982 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 3,026 47,949 47,949 0 0 01 47,949 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 634 9,869 9,869 0 0 01 02 9,869 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 3,140 48,852 48,852 0 0 04 48,852 0 0
Bristol-Myers Squibb Co. Common US Com 110122108 1,534 23,862 23,862 0 0 04 02 23,862 0 0
Burlington Resources Inc. Common U Com 122014103 320 8,000 8,000 0 0 04 02 8,000 0 0
Burlington Resources Inc. Common U Com 122014103 799 20,000 20,000 0 0 01 20,000 0 0
Cache Incorporated Common USD0.01 Com 127150388 160 25,000 25,000 0 0 04 25,000 0 0
Chase Manhattan Corporation Com. U Com 16161A108 3,252 40,000 0 40,000 0 01 40,000 0 0
Chase Manhattan Corporation Com. U Com 16161A108 163 2,000 2,000 0 0 04 02 2,000 0 0
Chase Manhattan Corporation Com. U Com 16161A108 652 8,000 8,000 0 0 01 8,000 0 0
Chevron Corp. Common USD1.50 Com 166751107 690 7,800 0 7,800 0 01 7,800 0 0
Chevron Corp. Common USD1.50 Com 166751107 278 3,200 3,200 0 0 01 3,200 0 0
Chubb Corporation Common USD1.00 Com 171232101 176 3,000 3,000 0 0 04 02 3,000 0 0
Chubb Corporation Common USD1.00 Com 171232101 1,541 25,800 25,800 0 0 03 25,800 0 0
Chubb Corporation Common USD1.00 Com 171232101 1,757 30,000 30,000 0 0 04 30,000 0 0
Chubb Corporation Common USD1.00 Com 171232101 996 17,000 17,000 0 0 04 02 17,000 0 0
Cintas Corporation Common NPV Com 172908105 137 2,093 2,093 0 0 04 2,093 0 0
Cintas Corporation Common NPV Com 172908105 1,439 22,024 22,024 0 0 04 02 22,024 0 0
---------
32,160
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 5 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cisco Systems Incorporated Common Com 17275R102 3,288 30,000 0 30,000 0 01 30,000 0 0
Cisco Systems Incorporated Common Com 17275R102 164 1,500 1,500 0 0 04 02 1,500 0 0
Cisco Systems Incorporated Common Com 17275R102 811 7,550 7,550 0 0 01 7,550 0 0
Cisco Systems Incorporated Common Com 17275R102 311 2,842 2,842 0 0 04 2,842 0 0
Cisco Systems Incorporated Common Com 17275R102 1,599 14,592 14,592 0 0 04 02 14,592 0 0
Citigroup Incorporated Common USD0 Com 172967101 3,758 58,800 0 58,800 0 01 58,800 0 0
Citigroup Incorporated Common USD0 Com 172967101 192 3,000 3,000 0 0 04 02 3,000 0 0
Citigroup Incorporated Common USD0 Com 172967101 631 10,000 10,000 0 0 01 10,000 0 0
Citipostal Incorporated Common USD Com 172907206 0 30,000 30,000 0 0 04 30,000 0 0
Clintrials Research Inc. Common US Com 188767107 26 4,500 4,500 0 0 01 4,500 0 0
Clintrials Research Inc. Common US Com 188767107 175 30,000 30,000 0 0 04 02 30,000 0 0
Coca-Cola Company Common USD0.25 Com 191216100 5,402 88,100 0 88,100 0 01 88,100 0 0
Coca-Cola Company Common USD0.25 Com 191216100 307 5,000 5,000 0 0 04 02 5,000 0 0
Coca-Cola Company Common USD0.25 Com 191216100 1,317 20,000 20,000 0 0 01 20,000 0 0
Coca-Cola Company Common USD0.25 Com 191216100 1,426 23,262 23,262 0 0 04 02 23,262 0 0
Colgate-Palmolive Company Common U Com 194162103 2,301 25,000 0 25,000 0 01 25,000 0 0
Colgate-Palmolive Company Common U Com 194162103 14,144 153,685 153,685 0 0 04 02 153,685 0 0
Colgate-Palmolive Company Common U Com 194162103 5,379 58,387 58,387 0 0 01 58,387 0 0
Colgate-Palmolive Company Common U Com 194162103 1,763 19,154 19,154 0 0 01 02 19,154 0 0
Colgate-Palmolive Company Common U Com 194162103 5,671 61,623 61,623 0 0 04 61,623 0 0
Colgate-Palmolive Company Common U Com 194162103 3,385 36,782 36,782 0 0 04 02 36,782 0 0
Columbian Northland Common NPV Com 198675100 0 6,000 6,000 0 0 04 6,000 0 0
Compaq Computers Corp. Common USD0 Com 204493100 612 19,300 0 19,300 0 01 19,300 0 0
Compaq Computers Corp. Common USD0 Com 204493100 154 4,900 4,900 0 0 01 4,900 0 0
Computer Associates Intl. Com. USD Com 204912109 10,739 301,963 301,963 0 0 04 02 301,963 0 0
---------
63,555
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 6 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Computer Associates Intl. Com. USD Com 204912109 3,809 107,097 107,097 0 0 01 107,097 0 0
Computer Associates Intl. Com. USD Com 204912109 1,284 36,094 36,094 0 0 01 02 36,094 0 0
Computer Associates Intl. Com. USD Com 204912109 4,018 112,983 112,983 0 0 04 112,983 0 0
Computer Sciences Corp. Common USD Com 205363104 6,276 113,725 113,725 0 0 04 02 113,725 0 0
Computer Sciences Corp. Common USD Com 205363104 2,114 38,299 38,299 0 0 01 38,299 0 0
Computer Sciences Corp. Common USD Com 205363104 938 16,995 16,995 0 0 01 02 16,995 0 0
Computer Sciences Corp. Common USD Com 205363104 2,205 39,951 39,951 0 0 04 39,951 0 0
Computer Sciences Corp. Common USD Com 205363104 424 7,684 7,684 0 0 04 02 7,684 0 0
Consolidated Tomoka Land Common US Com 210226106 82 6,000 6,000 0 0 04 6,000 0 0
Cool Entertainment Incorporated Com 21639Q107 2 2,160 2,160 0 0 04 02 2,160 0 0
CyberShop Intl. Inc. Common USD0.0 Com 23251X105 722 50,000 50,000 0 0 01 50,000 0 0
Dairy Farm Intl. Hldgs. Ltd. Commo Com G2624N104 77 66,000 66,000 0 0 04 02 66,000 0 0
Dairy Farm Intl. Hldgs. Ltd. Commo Com G2624N104 1,603 1,370,000 1,370,000 0 0 01 02 1,370,000 0 0
Dairy Farm Intl. Hldgs. Ltd. Commo Com G2624N104 646 552,000 552,000 0 0 04 02 552,000 0 0
Danskin Incorporated Common USD0.0 Com 236365102 16 19,447 19,447 0 0 04 02 19,447 0 0
Dell Computers Corporation Com. US Com 247025109 234 5,728 5,728 0 0 04 5,728 0 0
Dell Computers Corporation Com. US Com 247025109 1,172 28,662 28,662 0 0 04 02 28,662 0 0
Delta & Pine Land Inc. Common USD0 Com 247357106 308 10,000 10,000 0 0 04 02 10,000 0 0
Delta & Pine Land Inc. Common USD0 Com 247357106 461 15,000 15,000 0 0 01 15,000 0 0
Delta & Pine Land Inc. Common USD0 Com 247357106 1,168 38,000 38,000 0 0 04 02 38,000 0 0
Dial Corporation Common USD1.50 Com 25247D101 1,720 50,000 50,000 0 0 04 50,000 0 0
Diamond Offshore Drilling Common U Com 25271C102 158 5,000 5,000 0 0 04 02 5,000 0 0
Diamond Offshore Drilling Common U Com 25271C102 2,212 70,000 70,000 0 0 04 70,000 0 0
Diamond Offshore Drilling Common U Com 25271C102 1,264 40,000 40,000 0 0 04 02 40,000 0 0
Du Pont (E.I) De Nemours Common US Com 263534109 84 1,500 1,500 0 0 01 1,500 0 0
---------
32,997
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 7 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ECCS Incorporated Common USD0.01 Com 26825H100 169 100,000 100,000 0 0 04 100,000 0 0
Elcom International Inc. Com. USD0 Com 284434107 145 49,250 49,250 0 0 04 49,250 0 0
Elcom International Inc. Com. USD0 Com 284434107 145 49,250 49,250 0 0 04 02 49,250 0 0
EMC Corporation (Mass) Common USD0 Com 268648102 168 1,316 1,316 0 0 04 1,316 0 0
EMC Corporation (Mass) Common USD0 Com 268648102 1,863 14,592 14,592 0 0 04 02 14,592 0 0
Emerson Electric Common USD1.00 Com 291011104 1,852 35,000 0 35,000 0 01 35,000 0 0
Emerson Electric Common USD1.00 Com 291011104 106 2,000 2,000 0 0 04 02 2,000 0 0
Emerson Electric Common USD1.00 Com 291011104 325 6,000 6,000 0 0 01 6,000 0 0
Estee Lauder Co. Class A Common US Com 518439104 462 4,900 0 4,900 0 01 4,900 0 0
Estee Lauder Co. Class A Common US Com 518439104 56 600 600 0 0 01 600 0 0
Exxon Corporation NPV Com 302290101 300 4,200 4,200 0 0 01 4,200 0 0
Fairfield Communities Inc. Com. US Com 304231301 341 38,000 38,000 0 0 04 02 38,000 0 0
Fairfield Communities Inc. Com. US Com 304231301 718 80,000 80,000 0 0 01 80,000 0 0
Fairfield Communities Inc. Com. US Com 304231301 269 30,000 30,000 0 0 04 02 30,000 0 0
Fannie Mae Common USD2.10 Com 313586109 3,809 55,000 0 55,000 0 01 55,000 0 0
Fannie Mae Common USD2.10 Com 313586109 173 2,500 2,500 0 0 04 02 2,500 0 0
Fannie Mae Common USD2.10 Com 313586109 807 12,000 12,000 0 0 01 12,000 0 0
Fiserv Incorporated Common USD0.01 Com 337738108 528 9,849 9,849 0 0 04 02 9,849 0 0
Foamex International Inc. Com. USD Com 344123104 141 25,000 25,000 0 0 04 02 25,000 0 0
Foamex International Inc. Com. USD Com 344123104 394 70,000 70,000 0 0 01 70,000 0 0
Foamex International Inc. Com. USD Com 344123104 2,025 360,000 360,000 0 0 04 360,000 0 0
Foamex International Inc. Com. USD Com 344123104 1,142 203,000 203,000 0 0 04 02 203,000 0 0
Ford Motor Company Common USD1.00 Com 345370100 3,375 59,500 0 59,500 0 01 59,500 0 0
Ford Motor Company Common USD1.00 Com 345370100 170 3,000 3,000 0 0 04 02 3,000 0 0
Ford Motor Company Common USD1.00 Com 345370100 788 13,518 13,518 0 0 01 13,518 0 0
---------
20,270
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 8 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fortune Brands Inc. Common USD3.12 Com 349631101 77 2,000 2,000 0 0 01 2,000 0 0
Fortune Brands Inc. Common USD3.12 Com 349631101 1,930 50,000 50,000 0 0 04 50,000 0 0
Foster Wheeler Corporation Com. US Com 350244109 424 35,000 35,000 0 0 04 35,000 0 0
Freddie Mac Common USD0.21 Com 313400301 12,075 211,372 211,372 0 0 04 02 211,372 0 0
Freddie Mac Common USD0.21 Com 313400301 4,103 71,822 71,822 0 0 01 71,822 0 0
Freddie Mac Common USD0.21 Com 313400301 1,463 25,608 25,608 0 0 01 02 25,608 0 0
Freddie Mac Common USD0.21 Com 313400301 4,277 74,874 74,874 0 0 04 74,874 0 0
Freddie Mac Common USD0.21 Com 313400301 1,813 31,742 31,742 0 0 04 02 31,742 0 0
Fred's Incorporated Class A Common Com 356108100 69 6,250 6,250 0 0 01 6,250 0 0
Fremont General Corp. Common USD1. Com 357288109 1,878 99,000 99,000 0 0 04 99,000 0 0
Friedman Billings Ramsey Grp. Inc. Com 358433100 20 3,000 3,000 0 0 01 3,000 0 0
Friedman Billings Ramsey Grp. Inc. Com 358433100 177 27,000 27,000 0 0 04 02 27,000 0 0
Galileo International Inc. Com. US Com 363547100 12,555 259,525 259,525 0 0 04 02 259,525 0 0
Galileo International Inc. Com. US Com 363547100 3,947 81,595 81,595 0 0 01 81,595 0 0
Galileo International Inc. Com. US Com 363547100 1,343 27,753 27,753 0 0 01 02 27,753 0 0
Galileo International Inc. Com. US Com 363547100 3,842 79,413 79,413 0 0 04 79,413 0 0
Gallaher Group ADR Rep. 4 Ord. GBP Com 363595109 47 2,000 2,000 0 0 01 2,000 0 0
Gallaher Group ADR Rep. 4 Ord. GBP Com 363595109 1,177 50,000 50,000 0 0 04 50,000 0 0
General Electric Co. Amer. Com. US Com 369604103 4,702 42,500 0 42,500 0 01 42,500 0 0
General Electric Co. Amer. Com. US Com 369604103 277 2,500 2,500 0 0 04 02 2,500 0 0
General Electric Co. Amer. Com. US Com 369604103 1,195 11,000 11,000 0 0 01 11,000 0 0
Genset SA Spons. ADS - Each Rep. 1 Com 37244T104 496 32,500 32,500 0 0 03 32,500 0 0
Gerber Scientific Common USD1.00 Com 373730100 302 15,000 15,000 0 0 04 02 15,000 0 0
Gerber Scientific Common USD1.00 Com 373730100 806 40,000 40,000 0 0 01 40,000 0 0
Gerber Scientific Common USD1.00 Com 373730100 605 30,000 30,000 0 0 04 02 30,000 0 0
---------
59,598
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 9 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Gillette Company Common USD1.00 Com 375766102 2,994 50,400 0 50,400 0 01 50,400 0 0
Gillette Company Common USD1.00 Com 375766102 119 2,000 2,000 0 0 04 02 2,000 0 0
Gillette Company Common USD1.00 Com 375766102 642 10,000 10,000 0 0 01 10,000 0 0
Gillette Company Common USD1.00 Com 375766102 254 4,268 4,268 0 0 04 4,268 0 0
Gillette Company Common USD1.00 Com 375766102 1,437 24,184 24,184 0 0 04 02 24,184 0 0
Globalstar Telecommunications Comm Com G3930H104 923 66,652 66,652 0 0 04 66,652 0 0
Hecla Mining Company Common USD0.2 Com 422704106 2,175 800,000 800,000 0 0 04 02 800,000 0 0
Heinz (HJ) Company Common USD0.25 Com 423074103 8,409 177,964 177,964 0 0 04 02 177,964 0 0
Heinz (HJ) Company Common USD0.25 Com 423074103 3,882 82,160 82,160 0 0 01 82,160 0 0
Heinz (HJ) Company Common USD0.25 Com 423074103 1,443 30,541 30,541 0 0 01 02 30,541 0 0
Heinz (HJ) Company Common USD0.25 Com 423074103 6,640 140,524 140,524 0 0 04 140,524 0 0
Heinz (HJ) Company Common USD0.25 Com 423074103 363 7,672 7,672 0 0 04 02 7,672 0 0
Hewlett Packard Corp. Common USD1. Com 428236103 2,162 31,900 0 31,900 0 01 31,900 0 0
Hewlett Packard Corp. Common USD1. Com 428236103 102 1,500 1,500 0 0 04 02 1,500 0 0
Hewlett Packard Corp. Common USD1. Com 428236103 406 6,000 6,000 0 0 01 6,000 0 0
Highland Holdings Intl. Inc. Commo Com 430134205 0 10 10 0 0 04 02 10 0 0
Home Depot Incorporated Common USD Com 437076102 8,794 141,271 141,271 0 0 04 02 141,271 0 0
Home Depot Incorporated Common USD Com 437076102 3,205 51,478 51,478 0 0 01 51,478 0 0
Home Depot Incorporated Common USD Com 437076102 1,102 17,697 17,697 0 0 01 02 17,697 0 0
Home Depot Incorporated Common USD Com 437076102 3,710 59,603 59,603 0 0 04 59,603 0 0
Home Depot Incorporated Common USD Com 437076102 2,379 38,216 38,216 0 0 04 02 38,216 0 0
Homegold Financial Inc. Common USD Com 43740E104 48 32,000 32,000 0 0 04 32,000 0 0
Hong Kong Land Hdgs. Ltd. Common U Com G4587L109 560 429,000 429,000 0 0 04 02 429,000 0 0
Hong Kong Land Hdgs. Ltd. Common U Com G4587L109 499 382,000 382,000 0 0 01 382,000 0 0
Hong Kong Land Hdgs. Ltd. Common U Com G4587L109 13,281 10,177,000 10,177,000 0 0 01 02 10,177,000 0 0
---------
65,526
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 10 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Hong Kong Land Hdgs. Ltd. Common U Com G4587L109 3,002 2,300,000 2,300,000 0 0 04 02 2,300,000 0 0
Hong Kong Land Hdgs. Ltd. Common U Com G4587L109 699 536,000 536,000 0 0 04 02 536,000 0 0
ICU Medical Incorporated Common US Com 44930G107 975 60,000 60,000 0 0 04 02 60,000 0 0
Immunomed Incorporated Common USD0 Com 452907108 0 24,922 24,922 0 0 04 24,922 0 0
IMS Health Incorporated Common USD Com 449934108 9,286 280,060 280,060 0 0 04 02 280,060 0 0
IMS Health Incorporated Common USD Com 449934108 3,157 95,208 95,208 0 0 01 95,208 0 0
IMS Health Incorporated Common USD Com 449934108 1,057 31,868 31,868 0 0 01 02 31,868 0 0
IMS Health Incorporated Common USD Com 449934108 3,516 106,053 106,053 0 0 04 106,053 0 0
IMS Health Incorporated Common USD Com 449934108 3,163 95,385 95,385 0 0 04 02 95,385 0 0
Intel Corporation Common USD0.001 Com 458140100 7,148 60,000 0 60,000 0 01 60,000 0 0
Intel Corporation Common USD0.001 Com 458140100 13,834 116,128 116,128 0 0 04 02 116,128 0 0
Intel Corporation Common USD0.001 Com 458140100 6,382 53,687 53,687 0 0 01 53,687 0 0
Intel Corporation Common USD0.001 Com 458140100 1,724 14,468 14,468 0 0 01 02 14,468 0 0
Intel Corporation Common USD0.001 Com 458140100 5,462 45,851 45,851 0 0 04 45,851 0 0
Intel Corporation Common USD0.001 Com 458140100 1,130 9,488 9,488 0 0 04 02 9,488 0 0
Intercargo Corporation Common USD1 Com 45844C108 231 20,000 20,000 0 0 01 20,000 0 0
Intercargo Corporation Common USD1 Com 45844C108 1,153 100,000 100,000 0 0 04 100,000 0 0
Intercargo Corporation Common USD1 Com 45844C108 807 70,000 70,000 0 0 04 02 70,000 0 0
Internationl Mining Corporation Com 460016108 0 216 216 0 0 04 02 216 0 0
Intimate Brands Inc. Common USD0.0 Com 461156101 385 8,000 8,000 0 0 01 8,000 0 0
IPI Incorporated Common USD0.01 Com 449804103 371 106,000 106,000 0 0 04 106,000 0 0
IPI Incorporated Common USD0.01 Com 449804103 455 130,000 130,000 0 0 04 02 130,000 0 0
Isolyser Company Inc. Common USD0. Com 464888106 134 50,000 50,000 0 0 04 50,000 0 0
Isolyser Company Inc. Common USD0. Com 464888106 134 50,000 50,000 0 0 04 02 50,000 0 0
Johnson & Johnson Common USD1.00 Com 478160104 4,497 48,000 0 48,000 0 01 48,000 0 0
---------
68,700
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 11 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Johnson & Johnson Common USD1.00 Com 478160104 12,975 138,491 138,491 0 0 04 02 138,491 0 0
Johnson & Johnson Common USD1.00 Com 478160104 5,195 55,599 55,599 0 0 01 55,599 0 0
Johnson & Johnson Common USD1.00 Com 478160104 1,724 18,404 18,404 0 0 01 02 18,404 0 0
Johnson & Johnson Common USD1.00 Com 478160104 5,280 56,361 56,361 0 0 04 56,361 0 0
Johnson & Johnson Common USD1.00 Com 478160104 1,819 19,419 19,419 0 0 04 02 19,419 0 0
Jumbosports Incorporated Common US Com 849168109 0 12,500 12,500 0 0 01 12,500 0 0
KDI Corp. Common Stock (Restricted Com 482452109 0 57 0 57 0 04 57 0 0
Keystone Automotive Ind. Inc. USD0 Com 49338N109 242 15,000 15,000 0 0 04 02 15,000 0 0
Keystone Automotive Ind. Inc. USD0 Com 49338N109 404 25,000 25,000 0 0 01 25,000 0 0
Keystone Automotive Ind. Inc. USD0 Com 49338N109 1,050 65,000 65,000 0 0 04 02 65,000 0 0
Marsh & McLennan Common USD1 Com 571748102 2,836 38,250 0 38,250 0 01 38,250 0 0
Marsh & McLennan Common USD1 Com 571748102 148 2,000 2,000 0 0 04 02 2,000 0 0
Marsh & McLennan Common USD1 Com 571748102 557 7,500 7,500 0 0 01 7,500 0 0
Matrix Pharmaceuticals Inc. Com. U Com 576844104 62 30,000 30,000 0 0 04 30,000 0 0
Matrix Pharmaceuticals Inc. Com. U Com 576844104 21 10,000 10,000 0 0 04 02 10,000 0 0
McDonald's Corporation Common NPV Com 580135101 2,728 60,200 0 60,200 0 01 60,200 0 0
McDonald's Corporation Common NPV Com 580135101 113 2,500 2,500 0 0 04 02 2,500 0 0
McDonald's Corporation Common NPV Com 580135101 442 10,000 10,000 0 0 01 10,000 0 0
McDonald's Corporation Common NPV Com 580135101 2,139 47,208 47,208 0 0 04 02 47,208 0 0
McGraw-Hill Inc. Cos. Common USD1. Com 480645109 1,700 31,200 0 31,200 0 01 31,200 0 0
McGraw-Hill Inc. Cos. Common USD1. Com 480645109 109 2,000 2,000 0 0 04 02 2,000 0 0
McGraw-Hill Inc. Cos. Common USD1. Com 480645109 442 8,000 8,000 0 0 01 8,000 0 0
Medtronic Incorporated Common USD0 Com 585055106 497 6,933 6,933 0 0 01 02 6,933 0 0
Medtronic Incorporated Common USD0 Com 585055106 266 3,705 3,705 0 0 04 3,705 0 0
Medtronic Incorporated Common USD0 Com 585055106 1,660 23,136 23,136 0 0 04 02 23,136 0 0
---------
42,413
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 12 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Merck & Company Incorporated Commo Com 589331107 5,595 69,800 0 69,800 0 01 69,800 0 0
Merck & Company Incorporated Commo Com 589331107 17,118 213,552 213,552 0 0 04 02 213,552 0 0
Merck & Company Incorporated Commo Com 589331107 6,554 81,445 81,445 0 0 01 81,445 0 0
Merck & Company Incorporated Commo Com 589331107 1,600 19,967 19,967 0 0 01 02 19,967 0 0
Merck & Company Incorporated Commo Com 589331107 6,119 76,333 76,333 0 0 04 76,333 0 0
Merck & Company Incorporated Commo Com 589331107 2,397 29,902 29,902 0 0 04 02 29,902 0 0
Merrill Lynch & Co. Common USD1.33 Com 590188108 1,326 15,000 0 15,000 0 01 15,000 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 5,376 60,000 0 60,000 0 01 60,000 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 17,283 192,908 192,908 0 0 04 02 192,908 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 8,034 82,606 82,606 0 0 01 82,606 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 2,374 26,496 26,496 0 0 01 02 26,496 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 7,930 88,508 88,508 0 0 04 88,508 0 0
Microsoft Corporation Com. USD0.00 Com 594918104 5,590 62,398 62,398 0 0 04 02 62,398 0 0
Mitek Systems Inc. Common USD0.001 Com 606710200 387 250,000 250,000 0 0 04 250,000 0 0
Mitek Systems Inc. Common USD0.001 Com 606710200 387 250,000 250,000 0 0 04 02 250,000 0 0
Mobil Corporation Common USD1.00 Com 607059102 827 9,400 0 9,400 0 01 9,400 0 0
Mobil Corporation Common USD1.00 Com 607059102 285 3,200 3,200 0 0 01 3,200 0 0
Morgan Keegan Incorporated Com. US Com 617410105 1,325 80,000 80,000 0 0 04 02 80,000 0 0
Nat. Australia Bk. 7.875% Pref. (U Pref 632525309 928 29,600 29,600 0 0 04 29,600 0 0
Neopharm Incorporated Common USD0. Com 640919106 1,988 100,000 100,000 0 0 04 100,000 0 0
Neopharm Incorporated Common USD0. Com 640919106 1,988 100,000 100,000 0 0 04 02 100,000 0 0
News Corp. Ltd. Cv. Pref. 5% (New Pref YY5015119 2,835 31,500 31,500 0 0 01 31,500 0 0
News Corp. Ltd. Cv. Pref. 5% Serie Pref 652485202 2,295 25,500 25,500 0 0 01 25,500 0 0
News Corp. Spon. ADR Rep. 4 Pref. Pref 652487802 388 14,100 0 14,100 0 01 14,100 0 0
News Corp. Spon. ADR Rep. 4 Pref. Pref 652487802 50 1,800 1,800 0 0 01 1,800 0 0
---------
100,977
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 13 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Nielsen Media Research Inc. Com. U Com 653929307 9,937 402,502 402,502 0 0 04 02 402,502 0 0
Nielsen Media Research Inc. Com. U Com 653929307 3,070 124,373 124,373 0 0 01 124,373 0 0
Nielsen Media Research Inc. Com. U Com 653929307 1,123 45,506 45,506 0 0 01 02 45,506 0 0
Nielsen Media Research Inc. Com. U Com 653929307 3,917 158,649 158,649 0 0 04 158,649 0 0
Nielsen Media Research Inc. Com. U Com 653929307 4,495 182,082 182,082 0 0 04 02 182,082 0 0
Norfolk Southern Corp. Com. USD1.0 Com 655844108 1,976 75,000 0 75,000 0 01 75,000 0 0
Norfolk Southern Corp. Com. USD1.0 Com 655844108 79 3,000 3,000 0 0 04 02 3,000 0 0
Norfolk Southern Corp. Com. USD1.0 Com 655844108 332 12,000 12,000 0 0 01 12,000 0 0
OpTel Incorporated Com 683817100 10 500 0 500 0 04 500 0 0
Opto Mechanik Inc. Common USD0.10 Com 683891103 0 75,000 75,000 0 0 04 75,000 0 0
Orion Capital Corp. Com. USD1.00 Com 686268103 471 15,000 15,000 0 0 01 15,000 0 0
Orion Capital Corp. Com. USD1.00 Com 686268103 1,884 60,000 60,000 0 0 04 60,000 0 0
ORS Automation Incorporated Common Com 671017101 0 20,000 20,000 0 0 03 20,000 0 0
ORS Automation Incorporated Common Com 671017101 0 15,000 15,000 0 0 04 15,000 0 0
Oxigene Incorporated Common USD0.0 Com 691828107 388 50,000 50,000 0 0 04 50,000 0 0
Palm Harbor Homes Inc. Com. USD0.0 Com 696639103 213 9,765 9,765 0 0 01 9,765 0 0
Party City Corp. Common USD0.01 Com 702145103 30 7,500 7,500 0 0 01 7,500 0 0
Pep Boys-Manny Moe & Jack Com. USD Com 713278109 4 269 269 0 0 04 02 269 0 0
Pep Boys-Manny Moe & Jack Com. USD Com 713278109 12 806 806 0 0 01 806 0 0
Pep Boys-Manny Moe & Jack Com. USD Com 713278109 18 1,208 1,208 0 0 04 1,208 0 0
PepsiCo Incorporated Common USD0.0 Com 713448108 2,939 75,000 0 75,000 0 01 75,000 0 0
PepsiCo Incorporated Common USD0.0 Com 713448108 137 3,500 3,500 0 0 04 02 3,500 0 0
PepsiCo Incorporated Common USD0.0 Com 713448108 589 15,000 15,000 0 0 01 15,000 0 0
Pfizer Incorporated Common USD0.05 Com 717081103 8,589 61,900 0 61,900 0 01 61,900 0 0
Pfizer Incorporated Common USD0.05 Com 717081103 16,205 116,795 116,795 0 0 04 02 116,795 0 0
---------
56,419
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 14 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Pfizer Incorporated Common USD0.05 Com 717081103 7,263 52,432 52,432 0 0 01 52,432 0 0
Pfizer Incorporated Common USD0.05 Com 717081103 2,133 15,375 15,375 0 0 01 02 15,375 0 0
Pfizer Incorporated Common USD0.05 Com 717081103 6,746 48,619 48,619 0 0 04 48,619 0 0
Pfizer Incorporated Common USD0.05 Com 717081103 3,163 22,797 22,797 0 0 04 02 22,797 0 0
Philip Morris Co. Common USD0.3333 Com 718154107 3,871 110,100 0 110,100 0 01 110,100 0 0
Philip Morris Co. Common USD0.3333 Com 718154107 176 5,000 5,000 0 0 04 02 5,000 0 0
Philip Morris Co. Common USD0.3333 Com 718154107 909 22,500 22,500 0 0 01 22,500 0 0
Phoenix International Inc. Com. US Com 719078107 106 22,500 22,500 0 0 04 22,500 0 0
Phoenix International Inc. Com. US Com 719078107 106 22,500 22,500 0 0 04 02 22,500 0 0
Point of Sale Limited Common ILS1. Com M7945W108 508 50,000 50,000 0 0 01 50,000 0 0
Point of Sale Limited Common ILS1. Com M7945W108 1,270 125,000 125,000 0 0 04 125,000 0 0
Policy Management Systems Corp. US Com 731108106 920 30,000 30,000 0 0 04 30,000 0 0
Polo Ralph Lauren Corp. Class A US Com 731572103 684 34,600 0 34,600 0 01 34,600 0 0
Polo Ralph Lauren Corp. Class A US Com 731572103 96 4,800 4,800 0 0 01 4,800 0 0
Power-One Incorporated Common USD0 Com 739308104 173 25,000 25,000 0 0 04 02 25,000 0 0
Power-One Incorporated Common USD0 Com 739308104 486 70,000 70,000 0 0 01 70,000 0 0
Power-One Incorporated Common USD0 Com 739308104 372 53,571 53,571 0 0 04 02 53,571 0 0
Priam Corp. Com. NPV Com 741400105 0 150,000 150,000 0 0 04 150,000 0 0
Procter & Gamble Common NPV Com 742718109 2,763 28,200 0 28,200 0 01 28,200 0 0
Procter & Gamble Common NPV Com 742718109 14,317 146,139 146,139 0 0 04 02 146,139 0 0
Procter & Gamble Common NPV Com 742718109 6,384 65,049 65,049 0 0 01 65,049 0 0
Procter & Gamble Common NPV Com 742718109 2,139 21,837 21,837 0 0 01 02 21,837 0 0
Procter & Gamble Common NPV Com 742718109 6,540 66,755 66,755 0 0 04 66,755 0 0
Procter & Gamble Common NPV Com 742718109 1,915 19,543 19,543 0 0 04 02 19,543 0 0
Professional Staff PLC Spons. ADR Com 74315R105 194 27,000 27,000 0 0 01 27,000 0 0
---------
63,234
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 15 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Professional Staff PLC Spons. ADR Com 74315R105 172 24,000 24,000 0 0 04 24,000 0 0
Professional Staff PLC Spons. ADR Com 74315R105 172 24,000 24,000 0 0 04 02 24,000 0 0
Range Resources Corp. Common USD0. Com 75281A109 423 120,830 120,830 0 0 04 120,830 0 0
Raychem Corporation Common USD1.00 Com 754603108 180 8,000 8,000 0 0 04 02 8,000 0 0
Raychem Corporation Common USD1.00 Com 754603108 338 15,000 15,000 0 0 01 15,000 0 0
Reinsurance Group of Amer. Inc. No Com 759351208 1,251 36,063 36,063 0 0 03 0 0 36,063
Reinsurance Group of Amer. Inc. US Com 759351109 463 10,353 10,353 0 0 03 10,353 0 0
Rockwell Intl. Corp. Common USD1.0 Com 773903109 2,123 50,000 0 50,000 0 01 50,000 0 0
Rockwell Intl. Corp. Common USD1.0 Com 773903109 106 2,500 2,500 0 0 04 02 2,500 0 0
Rockwell Intl. Corp. Common USD1.0 Com 773903109 430 10,000 10,000 0 0 01 10,000 0 0
Saga Communications Inc. Class A U Com 786598102 1,620 90,000 90,000 0 0 04 02 90,000 0 0
SBC Communications Inc. Common USD Com 78387G103 2,588 54,920 0 54,920 0 01 54,920 0 0
SBC Communications Inc. Common USD Com 78387G103 165 3,500 3,500 0 0 04 02 3,500 0 0
SBC Communications Inc. Common USD Com 78387G103 782 16,064 16,064 0 0 01 16,064 0 0
Schering-Plough Corp. Com. USD1.00 Com 806605101 9,638 174,438 174,438 0 0 04 02 174,438 0 0
Schering-Plough Corp. Com. USD1.00 Com 806605101 4,131 74,762 74,762 0 0 01 74,762 0 0
Schering-Plough Corp. Com. USD1.00 Com 806605101 1,425 25,795 25,795 0 0 01 02 25,795 0 0
Schering-Plough Corp. Com. USD1.00 Com 806605101 4,392 79,491 79,491 0 0 04 79,491 0 0
Schering-Plough Corp. Com. USD1.00 Com 806605101 3,836 69,426 69,426 0 0 04 02 69,426 0 0
Sea Containers Class B Common USD0 Com 811371103 569 20,000 20,000 0 0 04 02 20,000 0 0
Sierra Health Services Common USD0 Com 826322109 129 10,000 10,000 0 0 04 02 10,000 0 0
Sierra Health Services Common USD0 Com 826322109 699 54,000 54,000 0 0 04 54,000 0 0
Sierra Health Services Common USD0 Com 826322109 615 47,550 47,550 0 0 04 02 47,550 0 0
Sierra Home Services Common (ESCRO Com 826323107 0 20,000 20,000 0 0 04 20,000 0 0
Sierra Home Services Common (ESCRO Com 826323107 0 30,000 30,000 0 0 04 02 30,000 0 0
---------
36,248
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 16 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Joe Corporation Common NPV Com 790148100 1,026 40,800 40,800 0 0 03 40,800 0 0
Starbucks Corporation Common NPV Com 855244109 5,663 201,804 201,804 0 0 04 02 201,804 0 0
Starbucks Corporation Common NPV Com 855244109 2,131 75,934 75,934 0 0 01 75,934 0 0
Starbucks Corporation Common NPV Com 855244109 736 26,216 26,216 0 0 01 02 26,216 0 0
Starbucks Corporation Common NPV Com 855244109 2,361 84,148 84,148 0 0 04 84,148 0 0
Starbucks Corporation Common NPV Com 855244109 1,291 45,990 45,990 0 0 04 02 45,990 0 0
Sterling Software Common USD0.10 Com 859547101 314 13,220 13,220 0 0 04 02 13,220 0 0
Stolt-Nielsen SA Common NPV Com L88742108 713 65,000 65,000 0 0 04 02 65,000 0 0
Suntrust Banks Incorporated Com. U Com 867914103 2,673 43,000 0 43,000 0 01 43,000 0 0
Suntrust Banks Incorporated Com. U Com 867914103 124 2,000 2,000 0 0 04 02 2,000 0 0
Suntrust Banks Incorporated Com. U Com 867914103 632 10,000 10,000 0 0 01 10,000 0 0
Synalloy Corporation Common USD1.0 Com 871565107 236 33,750 33,750 0 0 04 02 33,750 0 0
Syquest Technology Inc. Common USD Com 871660106 0 52,000 52,000 0 0 04 52,000 0 0
Syquest Technology Inc. Common USD Com 871660106 0 52,000 52,000 0 0 04 02 52,000 0 0
Taco Cabana A Common USD0.01 Com 873425102 441 50,000 50,000 0 0 04 50,000 0 0
Tellabs Incorporated Common NPV Com 879664100 18,441 188,651 188,651 0 0 04 02 188,651 0 0
Tellabs Incorporated Common NPV Com 879664100 6,083 62,228 62,228 0 0 01 62,228 0 0
Tellabs Incorporated Common NPV Com 879664100 2,209 22,594 22,594 0 0 01 02 22,594 0 0
Tellabs Incorporated Common NPV Com 879664100 6,350 64,964 64,964 0 0 04 64,964 0 0
Titan Corporation Common USD0.01 Com 888266103 134 26,400 26,400 0 0 01 26,400 0 0
Titan Corporation Common USD0.01 Com 888266103 288 56,900 56,900 0 0 04 56,900 0 0
Titan Corporation Common USD0.01 Com 888266103 568 112,200 112,200 0 0 04 02 112,200 0 0
Torchmark Corporation Common USD1. Com 891027104 947 30,000 30,000 0 0 04 30,000 0 0
Tricon Global Rest. Inc. Common US Com 895953107 408 5,800 0 5,800 0 01 5,800 0 0
Tricon Global Rest. Inc. Common US Com 895953107 158 2,350 2,350 0 0 01 2,350 0 0
---------
53,927
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 17 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ultrak Incorporated Common NPV Com 903898401 148 25,000 25,000 0 0 04 25,000 0 0
Ultrak Incorporated Common NPV Com 903898401 148 25,000 25,000 0 0 04 02 25,000 0 0
Unilab Corporation Common USD0.01 Com 904763109 309 100,000 100,000 0 0 01 100,000 0 0
Unilab Corporation Common USD0.01 Com 904763109 464 150,000 150,000 0 0 04 150,000 0 0
Unilab Corporation Common USD0.01 Com 904763109 464 150,000 150,000 0 0 04 02 150,000 0 0
Union Pacific Corporation Common U Com 907818108 580 11,500 11,500 0 0 03 11,500 0 0
United Auto Group Inc. Common USD0 Com 909440109 572 75,000 75,000 0 0 01 75,000 0 0
United Auto Group Inc. Common USD0 Com 909440109 320 42,000 42,000 0 0 04 42,000 0 0
Unitrin Incorporated Common USD0.1 Com 913275103 87 2,800 0 2,800 0 01 2,800 0 0
Unocal Corporation Common USD1.00 Com 915289102 111 3,000 3,000 0 0 01 3,000 0 0
USA Truck Incorporated Common USD0 Com 902925106 509 50,000 50,000 0 0 04 50,000 0 0
USA Truck Incorporated Common USD0 Com 902925106 509 50,000 50,000 0 0 04 02 50,000 0 0
Viad Corporation Common USD1.50 Com 92552R109 278 10,000 10,000 0 0 04 02 10,000 0 0
Viad Corporation Common USD1.50 Com 92552R109 1,391 50,000 50,000 0 0 04 50,000 0 0
Viad Corporation Common USD1.50 Com 92552R109 1,307 47,000 47,000 0 0 04 02 47,000 0 0
Visual Technology Inc. Common USD0 Com 928455203 0 800 800 0 0 04 800 0 0
Waddell & Reed Finl. Inc. Cls. B U Com 930059209 146 7,347 7,347 0 0 04 7,347 0 0
Walgreen Company Common USD0.625 Com 931422109 2,851 100,800 0 100,800 0 01 100,800 0 0
Walgreen Company Common USD0.625 Com 931422109 142 5,000 5,000 0 0 04 02 5,000 0 0
Walgreen Company Common USD0.625 Com 931422109 589 20,000 20,000 0 0 01 20,000 0 0
Wal-Mart Stores Common USD0.10 Com 931142103 1,530 16,600 0 16,600 0 01 16,600 0 0
Wal-Mart Stores Common USD0.10 Com 931142103 138 1,500 1,500 0 0 04 02 1,500 0 0
Wal-Mart Stores Common USD0.10 Com 931142103 551 6,000 6,000 0 0 01 6,000 0 0
Wal-Mart Stores Common USD0.10 Com 931142103 170 1,847 1,847 0 0 04 1,847 0 0
Wal-Mart Stores Common USD0.10 Com 931142103 2,242 24,319 24,319 0 0 04 02 24,319 0 0
---------
15,558
<PAGE>
<CAPTION>
Form 13F Information Table
Global Asset Management (USA) Inc.
Page 18 of 18
1 2 3 4 5 6 7 8
Mkt Value --Investment Discretion -- --- Voting Authority ----
Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Warner-Lambert Company Common USD1 Com 934488107 147 2,222 2,222 0 0 04 2,222 0 0
Warner-Lambert Company Common USD1 Com 934488107 1,355 20,467 20,467 0 0 04 02 20,467 0 0
Wm. Wrigley Jr. Company Common NPV Com 982526105 173 1,913 1,913 0 0 04 1,913 0 0
Wm. Wrigley Jr. Company Common NPV Com 982526105 902 9,969 9,969 0 0 04 02 9,969 0 0
XL Capital Limited Class A USD0.01 Com G98255105 243 4,000 4,000 0 0 04 02 4,000 0 0
XL Capital Limited Class A USD0.01 Com G98255105 212 3,500 3,500 0 0 01 3,500 0 0
Yellow Corporation Common USD1.00 Com 985509108 1,753 100,000 100,000 0 0 04 02 100,000 0 0
Zagrebacka Banka GDR (Rep. 1 Ord.: Com 988849204 455 50,000 50,000 0 0 03 50,000 0 0
---------
5,241
=========
876,515
</TABLE>
