UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for Calendar Year or Quarter Ended: March 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: Pell Rudman & Co. Inc.
Address: 100 Federal Street
Suite 3700
Boston, MA 02368
13F File Number: 28-1417
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, list and tables, are considered integral
parts of this
form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Donald G. Brophy
Title: Vice President - Finance
Phone: 617-357-9600
Donald G. Brophy
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
LINE COUNT: 457
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 457
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,007,564,000
LIST OF OTHER INCLUDED MANAGERS:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934
<PAGE>
<TABLE> <C> <C>
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 2198 46951 SH
SOLE 46951 0 0
ADVANCED FIBRE COMM INC COM COM 00754A105 126 13125 SH
SOLE 13125 0 0
AETNA INC. COM 008117103 676 8144 SH
DEFINED 4144 4000 0
AFFIL COMPUTER AFA 4.000% 03/1 CONVERTIBLE BOND 008190AD2 2981 2375000 PRN
SOLE 2375000 0 0
AFFILIATED COMPUTER SVCS INCCL COM 008190100 3459 75600 SH
SOLE 75600 0 0
AFLAC INC COM 001055102 4313 79225 SH
SOLE 79225 0 0
AIRBORNE FGHT CORP COM COM 009266107 208 6700 SH
SOLE 6700 0 0
AIRTOUCH COMMUNICATIONS COM 00949T100 32382 335126 SH
DEFINED 324289 8887 1950
AIRTOUCH COMMUNICATIONS COM 00949T100 686 7100 SH
OTHER 0 7100 0
AIRTOURS PLC CONV 5.750% 01/05 CONVERTIBLE BOND 047853304 3503 1887000 PRN
SOLE 1887000 0 0
ALLERGAN INC COM COM 018490102 589 6700 SH
SOLE 6700 0 0
ALLIED SIGNAL INC COM 019512102 734 14924 SH
DEFINED 8424 4600 1900
ALLSTATE FINL I $25PFD A C11/0 PREFERRED STOCKS 020013207 920 36000 SH
SOLE 36000 0 0
ALLTEL CORP COM COM 020039103 378 6066 SH
DEFINED 3666 2400 0
ALTERA CORP COM 021441100 5268 177070 SH
SOLE 177070 0 0
ALZA CORP COM COM 022615108 440 11500 SH
DEFINED 0 11500 0
AMAZON COM INC COM COM 023135106 806 4679 SH
SOLE 4679 0 0
AMERICA ONLINE CONV 144A 4.000 CONVERTIBLE BOND 02364JAA2 4325 390000 PRN
SOLE 390000 0 0
AMERICAN BNKRS INS GROUP INCCO COM 024456105 2535 48755 SH
SOLE 48755 0 0
AMERICAN EXPRESS CO COM 025816109 566 4803 SH
SOLE 4803 0 0
AMERICAN GEN CORP COM 026351106 939 13319 SH
DEFINED 2974 10345 0
AMERICAN HERITAGE CNV PRIDE 8. CONVERTIBLE PREF 026522201 3312 52150 SH
SOLE 52150 0 0
AMERICAN HOME PRODS CORP COM 026609107 2448 37522 SH
DEFINED 32500 5022 0
AMERICAN INTL GROUP INC COM 026874107 29996 248672 SH
DEFINED 240366 7519 788
AMERICAN INTL GROUP INC COM 026874107 386 3200 SH
OTHER 0 3200 0
AMERICAN MGMT SYS INC COM COM 027352103 205 6000 SH
SOLE 6000 0 0
AMERICAN STORES CO NEW COM 030096101 914 27700 SH
DEFINED 11700 16000 0
AMERICAN TOWER CORP CL A COM 029912201 2536 103510 SH
SOLE 103510 0 0
AMERITECH CORP NEW COM 030954101 819 14204 SH
SOLE 14204 0 0
AMGEN INC COM 031162100 13653 182346 SH
DEFINED 172005 10341 0
AMGEN INC COM 031162100 285 3800 SH
OTHER 0 3800 0
AMSOUTH BANCORPORATION COM 032165102 3755 123784 SH
SOLE 123784 0 0
ANADARKO PETE CORP COM COM 032511107 15974 423140 SH
DEFINED 416575 6565 0
ANADARKO PETE CORP COM COM 032511107 236 6250 SH
OTHER 0 6250 0
ANALOG DEVICES INC COM 032654105 739 24825 SH
DEFINED 14825 10000 0
ANHEUSER-BUSCH COS INC COM 035229103 242 3180 SH
DEFINED 1580 1600 0
APPLIED MATLS INC COM 038222105 278 4500 SH
DEFINED 0 4500 0
APTARGROUP INC COM 038336103 410 15750 SH
SOLE 15750 0 0
AQUA ALLIANCE INC CONV 8.000% CONVERTIBLE BOND 009058AA6 1 1100 PRN
SOLE 1100 0 0
ARMSTRONG WORLD INDS INC COM 042476101 307 6800 SH
SOLE 6800 0 0
ART ADVANCED RECOGNITION - SER PREFERRED STOCKS 99ARTSRB7 16 16245 SH
SOLE 16245 0 0
AT HOME CORP 144A 0.570% 12/28 CONVERTIBLE BOND 045919AA5 2795 2675000 PRN
SOLE 2675000 0 0
ATI/MediaOne PIES 6.25% CONVERTIBLE PREF 58440J401 6272 75800 SH
SOLE 75800 0 0
ATLANTIC RICHFIELD COMPANY COM 048825103 295 4038 SH
SOLE 4038 0 0
AT&T CORP COM 001957109 19111 359170 SH
DEFINED 355024 4146 0
AT&T CORP COM 001957109 319 6000 SH
OTHER 0 6000 0
AUTOMATIC DATA PROCESSING COM 053015103 32223 778796 SH
DEFINED 763338 15458 0
AUTOMATIC DATA PROCESSING COM 053015103 600 14500 SH
OTHER 0 14500 0
AUTOMATIC DATA PROCESSING 0.00 CONVERTIBLE BOND 053015AC7 4263 3975000 PRN
SOLE 3975000 0 0
AVERY DENNISON CORP COM 053611109 460 8000 SH
DEFINED 0 8000 0
AVIS RENT A CAR INC COM COM 053790101 238 8600 SH
SOLE 8600 0 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
AVON PRODS INC COM 054303102 17378 369249 SH
DEFINED 363616 5633 0
BANCTEC INC COM COM 059784108 160 13000 SH
DEFINED 0 13000 0
BANK NEW YORK INC COM 064057102 1240 34512 SH
SOLE 34512 0 0
BANK ONE CORP COM 06423A103 26463 480591 SH
DEFINED 472431 8160 0
BANK ONE CORP COM 06423A103 591 10730 SH
OTHER 0 10730 0
BANK SOUTH CAROLINA CORP COM COM 065066102 357 24200 SH
SOLE 24200 0 0
BANKAMERICA CORP NEW COM 06605F102 404 5720 SH
SOLE 5720 0 0
BANKBOSTON CORP. COM 06605R106 387 8926 SH
SOLE 8926 0 0
BAUSCH & LOMB INC COM 071707103 379 5833 SH
SOLE 5833 0 0
BECKMAN COULTER INC COM COM 075811109 319 7200 SH
DEFINED 0 7200 0
BED BATH & BEYOND INC COM 075896100 4690 128506 SH
SOLE 128506 0 0
BELL ATLANTIC CORP COM 077853109 951 18401 SH
SOLE 18401 0 0
BELLSOUTH CORP COM 079860102 1663 41511 SH
SOLE 41511 0 0
BERKSHIRE HATHAWAY INC DEL COM 084670108 357 5 SH
SOLE 5 0 0
BEST SOFTWARE INC COM COM 086579109 766 56750 SH
DEFINED 56000 750 0
BIOGEN INC COM 090597105 1772 15500 SH
DEFINED 5200 10300 0
BIOTRANSPLANT INC COM 09066Y107 27 12500 SH
SOLE 12500 0 0
BISYS GROUP INC COM 055472104 2300 40890 SH
SOLE 40890 0 0
BLYTH INDS INC COM COM 09643P108 1478 62560 SH
SOLE 62560 0 0
BOCA RESH INC COM 096888102 68 20000 SH
SOLE 20000 0 0
BOCA RESH INC COM 096888102 135 40000 SH
OTHER 0 40000 0
BOSTON PROPERTIES INC COM 101121101 1945 61500 SH
DEFINED 56500 5000 0
BOSTON SCIENTIFIC CORP COM 101137107 305 7500 SH
DEFINED 4800 700 2000
BP AMOCO P L C ADR SPONSORED COM 055622104 22222 220017 SH
DEFINED 210226 9791 0
BP AMOCO P L C ADR SPONSORED COM 055622104 310 3069 SH
OTHER 0 3069 0
BRISTOL MYERS SQUIBB CO COM 110122108 2918 45508 SH
DEFINED 44308 1200 0
BRUNSWICK CORP COM COM 117043109 238 12500 SH
SOLE 12500 0 0
BURLINGTON RESOURCES INC COM 122014103 307 7696 SH
DEFINED 4631 3065 0
CABLE DESIGN TECHN CORP COM COM 126924109 526 47859 SH
DEFINED 0 47859 0
CABOT CORP COM 127055101 349 16400 SH
SOLE 16400 0 0
CAMBREX CORP COM COM 132011107 2035 91980 SH
SOLE 91980 0 0
CAPITAL ONE FINL CORP COM COM 14040H105 6390 126945 SH
SOLE 126945 0 0
CARDINAL HLTH INC COM 14149Y108 259 3924 SH
DEFINED 1674 2250 0
CAREMATRIX 144A 6.250% 08/15/0 CONVERTIBLE BOND 141706AA9 172 200000 PRN
SOLE 200000 0 0
CAREMATRIX CORP COM 141706101 2274 119705 SH
SOLE 119705 0 0
CAREMATRIX CORP 6 1/4% CV. DEB CONVERTIBLE BOND 141706AC5 2817 3275000 PRN
SOLE 3275000 0 0
CARNIVAL CORP CL A COM 143658102 27395 564116 SH
DEFINED 532476 29840 1800
CARNIVAL CORP CL A COM 143658102 537 11050 SH
OTHER 0 11050 0
CATERPILLAR INC COM 149123101 276 6000 SH
DEFINED 0 6000 0
CBS CORPORATION COM 12490K107 27515 674182 SH
DEFINED 647582 26600 0
CBS CORPORATION COM 12490K107 529 12950 SH
OTHER 0 12950 0
CENDANT CAPTL I MANDPUT 2/01 $ PREFERRED STOCKS 151311206 430 8300 SH
SOLE 8300 0 0
CERIDIAN CORP COM 15677T106 5166 141300 SH
SOLE 141300 0 0
CERIDIAN CORP COM 15677T106 285 7800 SH
OTHER 0 7800 0
CHANCELLOR MEDIA CORP COM COM 158915108 3401 72170 SH
SOLE 72170 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 558 6854 SH
SOLE 6854 0 0
CHEVRON CORP COM 166751107 3673 41383 SH
SOLE 41383 0 0
CHEVRON CORP COM 166751107 266 3000 SH
OTHER 0 3000 0
CHUBB CORP COM 171232101 301 5136 SH
DEFINED 36 5100 0
CIGNA CORP COM 125509109 352 4200 SH
SOLE 4200 0 0
CINTAS CORP COM 172908105 16957 259375 SH
DEFINED 253211 5164 1000
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
CINTAS CORP COM 172908105 239 3650 SH
OTHER 0 3650 0
CISCO SYS INC COM 17275R102 27280 248993 SH
DEFINED 239366 7714 1913
CISCO SYS INC COM 17275R102 438 4000 SH
OTHER 0 4000 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 9818 146405 SH
SOLE 146405 0 0
CLEAR CHANNEL CONV 2.625% 04/0 CONVERTIBLE BOND 184502AB8 4336 3500000 PRN
SOLE 3500000 0 0
CLINTRIALS RESEARCH INC COM 188767107 66 11250 SH
SOLE 11250 0 0
COASTAL CORP COM 190441105 257 7800 SH
SOLE 7800 0 0
COCA COLA CO COM 191216100 5583 90967 SH
DEFINED 80417 9950 600
COCA COLA CO COM 191216100 1031 16800 SH
OTHER 0 16800 0
COLGATE PALMOLIVE CO COM 194162103 106081 1153056 SH
DEFINED 1146183 5773 1100
COLGATE PALMOLIVE CO COM 194162103 331 3600 SH
OTHER 0 3600 0
COMCAST CORP CL A COM 200300101 1016 16525 SH
SOLE 16525 0 0
COMCAST CORP CL A SPL COM 200300200 31407 998032 SH
DEFINED 975400 19132 3500
COMCAST CORP CL A SPL COM 200300200 623 19800 SH
OTHER 0 19800 0
COMCAST/AT&T EXCH-PHONES 3.350 CONVERTIBLE PREF 200300408 3822 48000 SH
SOLE 48000 0 0
COMERICA INC COM 200340107 945 15143 SH
SOLE 15143 0 0
COMMERCIAL CREDIT CO COM 201615101 0 15000 SH
DEFINED 0 15000 0
COMPAQ COMPUTER CORP COM 204493100 2137 67429 SH
DEFINED 63429 4000 0
COMPRESSION ENGINEERING INC. CONVERTIBLE PREF 99COMPRE9 128 25518 SH
SOLE 25518 0 0
COMPUTER SCIENCES CORP COM COM 205363104 14761 267471 SH
DEFINED 261651 5820 0
COMPUTER SCIENCES CORP COM COM 205363104 373 6750 SH
OTHER 0 6750 0
COMPUTER TASK GROUP INC COM 205477102 342 16000 SH
SOLE 16000 0 0
COMPUTER TASK GROUP INC COM 205477102 428 20000 SH
OTHER 0 20000 0
COMSAT CORP COM SER 1 COM 20564D107 232 8000 SH
DEFINED 0 8000 0
CONAGRA INC COM 205887102 365 14245 SH
SOLE 12645 0 1600
CONCORD EFS INC COM COM 206197105 3665 132975 SH
SOLE 132975 0 0
CONSOLIDATED GRAPHICS INC COM 209341106 3671 63570 SH
SOLE 63570 0 0
CRAY RESEARCH CONV 6.125% 02/0 CONVERTIBLE BOND 225224AA2 7 10000 PRN
SOLE 10000 0 0
CVS TR AUTOMATIC COM EXCH SC 6 CONVERTIBLE PREF 126645209 3816 44800 SH
SOLE 44800 0 0
DAIMLER BENZ AG - ADN 5.7500% CONVERTIBLE PREF 233829407 3636 40400 SH
SOLE 40400 0 0
DAYTON HUDSON CORP COM 239753106 10373 155698 SH
DEFINED 153347 2351 0
DEVELOPERS DIVERSIFIED RLTY CO COM 251591103 1285 89800 SH
SOLE 89800 0 0
DEVON ENERGY CORP COM COM 251799102 3093 112215 SH
SOLE 112215 0 0
DEVRY INC COM 251893103 3477 119890 SH
SOLE 119890 0 0
DIONEX CORP COM COM 254546104 2788 73850 SH
DEFINED 69050 4800 0
DISNEY WALT PRODTNS COM 254687106 2234 71778 SH
DEFINED 49578 19500 2700
DOLLAR GEN CORP COM 256669102 3776 138836 SH
SOLE 138836 0 0
DOLLAR GENERAL STRYPES 8.500% CONVERTIBLE PREF 256678103 4181 99100 SH
SOLE 99100 0 0
DONALDSON INC COM 257651109 1653 91815 SH
SOLE 91815 0 0
DONNELLEY R R & SONS CO COM 257867101 424 13170 SH
DEFINED 3570 9600 0
DOVER CORP COM 260003108 650 19780 SH
DEFINED 0 19780 0
DOW CHEMICAL CORP COM 260543103 479 5136 SH
DEFINED 1136 4000 0
DU PONT E I DE NEMOURS CO COM 263534109 1315 22640 SH
DEFINED 14640 8000 0
E M C CORP MASS COM 268648102 45075 705670 SH
DEFINED 683696 15774 6200
E M C CORP MASS COM 268648102 1054 16500 SH
OTHER 0 16500 0
ELAN CORP 144A LYON 0.000% 12/ CONVERTIBLE BOND 284129AA1 3321 5800000 PRN
SOLE 5800000 0 0
ELAN PLC ADR COM 284131208 288 4124 SH
DEFINED 3224 900 0
ELEC DE FRANCE LNDN CAPTL $25P PREFERRED STOCKS 268316205 1794 70000 SH
SOLE 70000 0 0
ELECTRONIC DATA SYSTEMS COM 285661104 223 4584 SH
DEFINED 3384 1200 0
EMC CORP 144A 3.250% 03/15/02 CONVERTIBLE BOND 268648AC6 7655 1350000 PRN
SOLE 1350000 0 0
EMC CORP CNV 3.250% 03/15/02 CONVERTIBLE BOND 26865YAA2 2268 400000 PRN
SOLE 400000 0 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
EMERSON ELEC CO COM 291011104 13230 249926 SH
DEFINED 243217 6709 0
EMERSON ELEC CO COM 291011104 402 7600 SH
OTHER 0 7600 0
ENRON CORP COM 293561106 24903 387600 SH
DEFINED 376806 10794 0
ENRON CORP COM 293561106 382 5950 SH
OTHER 0 5950 0
EQUITY INNS INC COM 294703103 307 36113 SH
SOLE 36113 0 0
EQUITY OFFICE PPTYS TR COM COM 294741103 461 18183 SH
SOLE 18183 0 0
EXCHANGE APPLICATIONS INC COM COM 300867108 7426 295562 SH
SOLE 295562 0 0
EXODUS COMM INC 144A 5.000% 03 CONVERTIBLE BOND 302088AC3 3599 2250000 PRN
SOLE 2250000 0 0
EXXON CORP COM 302290101 9826 139248 SH
DEFINED 110488 28760 0
EXXON CORP COM 302290101 1846 26160 SH
OTHER 0 26160 0
FAIRCOM INC COM 303762108 0 77000 SH
SOLE 77000 0 0
FANNIE MAE COM 313586109 20782 300096 SH
DEFINED 289479 9567 1050
FANNIE MAE COM 313586109 492 7100 SH
OTHER 0 7100 0
FARMERS GROUP CAP $25 PFD B C0 PREFERRED STOCKS 309900207 1030 40500 SH
SOLE 40500 0 0
FARMERS GROUP CAP $25PFD A C9/ PREFERRED STOCKS 309593200 765 30000 SH
SOLE 30000 0 0
FEDERAL-MOGUL FIN TRUST 144A 7 CONVERTIBLE PREF 313552200 782 12000 SH
SOLE 12000 0 0
FEDERAL-MOGUL FIN TRUST REG 7. CONVERTIBLE PREF 313552408 2486 45300 SH
SOLE 45300 0 0
FEDERATED DEPT STORES INC DECO COM 31410H101 201 5000 SH
SOLE 5000 0 0
FILENET CORP COM COM 316869106 169 24100 SH
DEFINED 100 24000 0
FINOVA FINANCE TRUST 5.500% 12 CONVERTIBLE PREF 31808E207 3067 42600 SH
SOLE 42600 0 0
FINOVA GROUP INC COM 317928109 3113 60015 SH
SOLE 60015 0 0
FIRST DATA CORP COM 319963104 619 14468 SH
DEFINED 7468 5300 1700
FIRSTAR CORPORATION COM 33763V109 21352 715700 SH
DEFINED 704519 11181 0
FIRSTAR CORPORATION COM 33763V109 447 15000 SH
OTHER 0 15000 0
FIRSTCOM CORP WTS 144A WARRANT AND RIGH 33763T112 0 38500 SH
SOLE 38500 0 0
FISERV INC COM 337738108 24440 683623 SH
DEFINED 675869 7754 0
FISERV INC COM 337738108 413 11550 SH
OTHER 0 11550 0
FLEET FINL GROUP INC NEW COM 338915101 293 7800 SH
SOLE 7800 0 0
FLEET FINL GRP $25 PFD V C01 7 PREFERRED STOCKS 338915796 473 18000 SH
SOLE 18000 0 0
FOODMAKER INC NEW COM NEW COM 344839204 3033 118930 SH
SOLE 118930 0 0
FOOTSTAR INC COM COM 344912100 242 7564 SH
DEFINED 0 7564 0
FORD MOTOR COM 345370100 210 3700 SH
SOLE 3700 0 0
FOUNDATION HEALTH SYSTEMS COM 350404109 150 12280 SH
DEFINED 2200 10080 0
FRANKLIN RES INC COM COM 354613101 200 7124 SH
DEFINED 3000 4124 0
FREDDIE MAC COM 313400301 24341 424702 SH
DEFINED 416241 7111 1350
FREDDIE MAC COM 313400301 662 11550 SH
OTHER 0 11550 0
GANNETT INC DEL COM 364730101 360 5722 SH
DEFINED 1722 4000 0
GARTNER GROUP INC NEW CL A COM 366651107 1449 64200 SH
SOLE 64200 0 0
GATEWAY 2000 INC COM 367833100 391 5700 SH
SOLE 5700 0 0
GATX CORP COM 361448103 231 7000 SH
DEFINED 0 7000 0
GC COS INC COM 36155Q109 7048 224185 SH
SOLE 224185 0 0
GENERAL DYNAMICS CORP COM COM 369550108 10073 156783 SH
DEFINED 154350 2433 0
GENERAL ELEC CO COM 369604103 13259 119853 SH
DEFINED 109069 10784 0
GENERAL ELEC CO COM 369604103 2209 19968 SH
OTHER 0 19968 0
GENERAL GROWTH PPTYS INC COM COM 370021107 243 7500 SH
DEFINED 0 7500 0
GENERAL MLS INC COM 370334104 438 5796 SH
DEFINED 3796 2000 0
GENERAL MTRS $25 PFD SER G C1/ PREFERRED STOCKS 370442790 224 8000 SH
SOLE 8000 0 0
GENERAL MTRS CORP COM 370442105 644 7400 SH
DEFINED 3400 4000 0
GENTEX CORP COM COM 371901109 226 10460 SH
DEFINED 0 10460 0
GENUINE PARTS CO COM 372460105 365 12660 SH
DEFINED 11160 1500 0
GENZYME CORP COM 372917104 517 10250 SH
SOLE 10250 0 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
GEORGIA PAC CORP COM COM 373298108 260 3500 SH
DEFINED 0 3500 0
GILLETTE COMPANY COM 375766102 2856 48052 SH
DEFINED 32000 14952 1100
GRUPO TELEVISA S A DE C V SPON COM 40049J206 267 8500 SH
DEFINED 0 8500 0
GT INTERACTIVE SOFTWARE CORPCO COM 36236E109 4548 983357 SH
SOLE 983357 0 0
GULFSTREAM AEROSPC CORP NEW CO COM 402734107 434 10000 SH
DEFINED 0 10000 0
HARCOURT GENERAL INC COM 990000135 99259 2239952 SH
SOLE 2239952 0 0
HARLEY DAVIDSON INC COM 412822108 1754 30570 SH
SOLE 30570 0 0
HEINZ H J CO COM 423074103 976 20600 SH
DEFINED 20000 600 0
HEWLETT PACKARD CO COM 428236103 19646 289712 SH
DEFINED 278679 10183 850
HEWLETT PACKARD CO COM 428236103 397 5850 SH
OTHER 0 5850 0
HEWLETT PACKARD CO 0.000% 10/1 CONVERTIBLE BOND 428236AC7 2186 3925000 PRN
SOLE 3925000 0 0
HEWLETT PACKARD CO 144A 0.000% CONVERTIBLE BOND 428236AA1 2172 3900000 PRN
SOLE 3900000 0 0
HLTH MGMT ASSOC INC NEW CL A COM 421933102 2483 203757 SH
DEFINED 200757 3000 0
HNC SOFTWARE CONV 4.750% 03/01 CONVERTIBLE BOND 40425PAA5 2316 2400000 PRN
SOLE 2400000 0 0
HNC SOFTWARE INC COM COM 40425P107 1248 38105 SH
SOLE 38105 0 0
HOME DEPOT INC COM 437076102 30129 484000 SH
DEFINED 465076 17628 1296
HOME DEPOT INC COM 437076102 535 8600 SH
OTHER 0 8600 0
HOME DEPOT, INC. CVT SUB DE 3. CONVERTIBLE BOND 437076AE2 3426 1265000 PRN
SOLE 1265000 0 0
HOUSTON IND INC/TIME WARNER 7. CONVERTIBLE PREF 442161204 5182 43000 SH
SOLE 43000 0 0
HUBBELL INC CL B COM 443510201 316 7899 SH
SOLE 7899 0 0
I B M COM 459200101 2381 26870 SH
DEFINED 24470 2400 0
ILLINOIS TOOL WKS INC COM 452308109 322 5200 SH
SOLE 5200 0 0
INGERSOLL-RAND CO / FING I GRO CONVERTIBLE PREF 456867308 3776 167800 SH
SOLE 167800 0 0
INGRAM MICRO 0.000% 06/09/18 CONVERTIBLE BOND 457153AB0 0 500000 PRN
SOLE 500000 0 0
INGRAM MICRO INC 144A 0.000% 0 CONVERTIBLE BOND 457153AA2 949 3000000 PRN
SOLE 3000000 0 0
INTEL CORP COM 458140100 28690 482685 SH
DEFINED 459947 21438 1300
INTEL CORP COM 458140100 987 16600 SH
OTHER 0 16600 0
INTERMET CORP COM COM 45881K104 293 21875 SH
SOLE 21875 0 0
INTERNATIONAL CABLETEL 7.000% CONVERTIBLE BOND 459216AJ6 6066 2800000 PRN
SOLE 2800000 0 0
INTERNATIONAL PAPER CO COM 460146103 329 7800 SH
SOLE 7800 0 0
INTERPUBLIC GROUP COS INC COM 460690100 24575 315565 SH
DEFINED 306277 7488 1800
INTERPUBLIC GROUP COS INC COM 460690100 553 7100 SH
OTHER 0 7100 0
INTERPUBLIC GRP 144A 1.800% 09 CONVERTIBLE BOND 460690AD2 3466 3050000 PRN
SOLE 3050000 0 0
INTERPUBLIC GRP IPG 1.800% 09/ CONVERTIBLE BOND 460690AF7 881 775000 PRN
SOLE 775000 0 0
ITT INDS INC IND COM COM 450911102 315 8900 SH
DEFINED 0 8900 0
JACOR COMMUNICATIONS INC COM COM 469858401 368 4841 SH
SOLE 4841 0 0
JACOR COMMUNICATIONS -LYONS 0. CONVERTIBLE BOND 469858AB0 4410 8400000 PRN
SOLE 8400000 0 0
JOHNSON & JOHNSON COM 478160104 7669 82018 SH
DEFINED 75618 6400 0
JOHNSON & JOHNSON COM 478160104 748 8000 SH
OTHER 0 8000 0
JOHO FUND, L.P. COM 99JOHOF04 1040 1 SH
SOLE 1 0 0
JONES APPAREL GROUP INC COM COM 480074103 2631 94162 SH
SOLE 94162 0 0
KEANE INC COM COM 486665102 1455 68284 SH
SOLE 68284 0 0
KERR MCGEE CORP COM 492386107 233 7100 SH
DEFINED 1300 5800 0
KIMBERLY CLARK CORP COM 494368103 1021 21300 SH
DEFINED 13300 8000 0
KLA-TENCOR CORP COM COM 482480100 826 17000 SH
SOLE 17000 0 0
LA QUINTA INNS INC COM 504195108 0 10200 SH
SOLE 10200 0 0
LAUDER ESTEE COS INC CL A COM 518439104 487 5150 SH
DEFINED 150 5000 0
LEHMAN 5% CISCO (YEELDS) CONVERTIBLE PREF 524908258 1211 14000 SH
SOLE 14000 0 0
LEVEL ONE COMM 4.000% 09/01/04 CONVERTIBLE BOND 527295AC3 2646 1350000 PRN
SOLE 1350000 0 0
LEXMARK INTL GROUP INC CL A COM 529771107 10172 90919 SH
SOLE 90919 0 0
LIBERTY MEDIA CL A COM 001957208 21373 406376 SH
DEFINED 403222 3154 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
LIBERTY MEDIA CL A COM 001957208 273 5200 SH
OTHER 0 5200 0
LILLY, ELI AND COMPANY COM 532457108 306 3600 SH
SOLE 3600 0 0
LINCARE HLDGS INC COM 532791100 2806 99768 SH
SOLE 99768 0 0
LINCOLN NATL GROWTH PRIDES 1.8 CONVERTIBLE PREF 534187703 4015 182500 SH
SOLE 182500 0 0
LINEAR TECHNOLOGY CORP COM 535678106 5839 113925 SH
SOLE 113925 0 0
LONE STAR INDS INC COM COM 542290408 279 9000 SH
SOLE 9000 0 0
LTC PPTYS INC COM 502175102 1326 109400 SH
SOLE 109400 0 0
LTC PPTYS INC 7.750% 01/01/02 CONVERTIBLE BOND 502175AE2 45 50000 PRN
SOLE 50000 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 6483 120050 SH
SOLE 120050 0 0
LYCOS INC COM COM 550818108 310 3600 SH
SOLE 3600 0 0
MARRIOTT INTL INC NEW CL A COM 571903202 450 13394 SH
SOLE 13394 0 0
MARSH & MCLENNAN COS INC COM COM 571748102 1843 24815 SH
SOLE 24815 0 0
MARS, INC. SERIES C CONVERTIBL CONVERTIBLE PREF 99MARSC03 241 130488 SH
SOLE 130488 0 0
MASCO CORP COM COM 574599106 10212 361493 SH
DEFINED 345286 14407 1800
MASCO CORP COM COM 574599106 203 7200 SH
OTHER 0 7200 0
MATTEL INC COM 577081102 449 18001 SH
DEFINED 7951 8350 1700
MAXIM INTEGRATED PRODS INC COM 57772K101 6920 127850 SH
SOLE 127850 0 0
MBIA INC COM 55262C100 16620 286544 SH
DEFINED 277857 7787 900
MBIA INC COM 55262C100 365 6300 SH
OTHER 0 6300 0
MBNA CORP COM 55262L100 16230 679798 SH
DEFINED 646457 30135 3206
MBNA CORP COM 55262L100 475 19880 SH
OTHER 0 19880 0
MCDONALDS CORP COM 580135101 2506 55300 SH
DEFINED 53300 2000 0
MCGRAW-HILL COMPANIES INC COM 580645109 32181 590480 SH
SOLE 590480 0 0
MCGRAW-HILL COMPANIES INC COM 580645109 327 6000 SH
OTHER 0 6000 0
MCI WORLDCOM COM 55268B106 32303 364744 SH
DEFINED 359784 4960 0
MCI WORLDCOM COM 55268B106 616 6950 SH
OTHER 0 6950 0
MCKESSON FIN TR 5.000% 06/01/2 CONVERTIBLE PREF 58155P501 3940 43450 SH
SOLE 43450 0 0
MCKESSON HBOC INC. COM 58155Q103 17773 269281 SH
DEFINED 266200 3081 0
MCKESSON HBOC INC. COM 58155Q103 277 4200 SH
OTHER 0 4200 0
MEAD CORP COM 582834107 246 8000 SH
SOLE 8000 0 0
MEDIAONE GROUP INC COM COM 58440J104 515 8125 SH
DEFINED 4425 3700 0
MEDIAONE GROUP INC PFD SER D 4 CONVERTIBLE PREF 58440J203 6827 53100 SH
SOLE 53100 0 0
MEDPARTNERS INC NEW COM COM 58503X107 118 24921 SH
SOLE 24921 0 0
MEDQUIST INC COM 584949101 2626 87535 SH
SOLE 87535 0 0
MEDTRONIC INC COM 585055106 23615 328550 SH
DEFINED 321482 5568 1500
MEDTRONIC INC COM 585055106 690 9600 SH
OTHER 0 9600 0
MENS WEARHOUSE INC COM COM 587118100 3006 104100 SH
SOLE 104100 0 0
MERCK & CO INC COM 589331107 6308 78724 SH
DEFINED 70180 8544 0
METZLER GROUP INC COM COM 592903108 2765 88115 SH
SOLE 88115 0 0
MGIC INVT CORP WIS COM COM 552848103 749 21350 SH
DEFINED 5350 16000 0
MICROCHIP TECHNOLOGY INC COM 595017104 3727 107627 SH
SOLE 107627 0 0
MICROSOFT CORP COM 594918104 5579 62252 SH
DEFINED 62052 200 0
MINIMED INC COM 60365K108 4715 92790 SH
SOLE 92790 0 0
MINNESOTA MNG & MFG CO COM 604059105 687 9708 SH
SOLE 9708 0 0
MOBIL CORP COM 607059102 687 7808 SH
DEFINED 5808 2000 0
MOBIL CORP COM 607059102 317 3600 SH
OTHER 0 3600 0
MORGAN J.P. & CO INC COM 616880100 1590 12886 SH
DEFINED 9786 3100 0
MORGAN STANLEY GRP $50 PFD C8/ PREFERRED STOCKS 617446562 218 4000 SH
SOLE 4000 0 0
MTI TECHNOLOGY CORP COM 553903105 111 20000 SH
SOLE 20000 0 0
NALCO CHEMICAL CO COM 629853102 239 9000 SH
DEFINED 800 8200 0
NATIONAL CITY CORP COM 635405103 960 14466 SH
SOLE 14466 0 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
NATIONAL DATA CORP COM 635621105 2746 65375 SH
SOLE 65375 0 0
NATIONAL DATA CORP CONV 5.000% CONVERTIBLE BOND 635621AA3 3721 3575000 PRN
SOLE 3575000 0 0
NATIONAL HLTH INVS INC COM 63633D104 1310 60950 SH
SOLE 60950 0 0
NEW CENTY ENERGIES INC COM COM 64352U103 238 7000 SH
SOLE 7000 0 0
NEW YORK TIMES CO CLASS A COM 650111107 10661 374074 SH
SOLE 374074 0 0
NEWELL RUBBERMAID INC. COM 651229106 213 4492 SH
SOLE 4492 0 0
NEWS AMERICA HLDGS CONV 0.000% CONVERTIBLE BOND 652478AS7 4209 6500000 PRN
SOLE 6500000 0 0
NEXTEL COMM 144A 0.000% 12/23/ CONVERTIBLE PREF 65332V806 4987 13000 SH
SOLE 13000 0 0
NIKE INC CL B COM 654106103 317 5500 SH
SOLE 5500 0 0
NORDSTROM INC COM 655664100 258 6300 SH
DEFINED 0 6300 0
NORTHERN TR CORP COM 665859104 24374 274442 SH
DEFINED 269199 4069 1174
NORTHERN TR CORP COM 665859104 488 5500 SH
OTHER 0 5500 0
NOVA CORP GA COM COM 669784100 2304 87760 SH
SOLE 87760 0 0
NTL INC COM 629407107 6518 80095 SH
SOLE 80095 0 0
NTL INC 144A 7.000% 12/15/08 CONVERTIBLE BOND 629407AK3 5111 3400000 PRN
SOLE 3400000 0 0
ORBOTECH LTD ORD COM M75253100 1056 21500 SH
SOLE 21500 0 0
OUTDOOR SYS INC COM 690057104 5867 195551 SH
SOLE 195551 0 0
PACIFIC GAS & ELEC $25 PFD U C PREFERRED STOCKS 694308685 281 10000 SH
SOLE 10000 0 0
PACIFICARE HEALTH SYSTEMS INC COM 695112201 1975 28938 SH
SOLE 28938 0 0
PAGING NETWORK INC COM 695542100 3665 781791 SH
DEFINED 0 781791 0
PAPA JOHNS INTL INC COM COM 698813102 2575 58365 SH
SOLE 58365 0 0
PATRIOT AMERN HOSPITALITY INPA COM 703352203 52 10100 SH
SOLE 10100 0 0
PATTERSON DENTAL CO COM 703412106 3461 80024 SH
SOLE 80024 0 0
PAYCHEX INC COM 704326107 4874 154122 SH
SOLE 154122 0 0
PENNZENERGY CO 4.950% 08/15/08 CONVERTIBLE BOND 70931QAB5 3970 3975000 PRN
SOLE 3975000 0 0
PENTAIR INC COM 709631105 2169 64280 SH
SOLE 64280 0 0
PEPSICO INC COM 713448108 730 18628 SH
DEFINED 18428 200 0
PERSONNEL GROUP CONV 5.750% 07 CONVERTIBLE BOND 715338AE9 1002 1100000 PRN
SOLE 1100000 0 0
PETSMART INC COM 716768106 471 58703 SH
SOLE 58703 0 0
PFIZER INC COM 717081103 3544 25540 SH
SOLE 25540 0 0
PHARMACIA & UPJOHN INC COM 716941109 1067 17103 SH
SOLE 17103 0 0
PHILIP MORRIS COS INS COM 718154107 332 9449 SH
DEFINED 6449 3000 0
PHILLIPS PETROLEUM COMPANY COM 718507106 227 4800 SH
SOLE 4800 0 0
PINNACLE HOLDINGS INC COM 72346N101 1359 89850 SH
SOLE 89850 0 0
PIONEER HI BRED INTL INC COM 723686101 477 12675 SH
DEFINED 8775 1650 2250
PITNEY BOWES INC COM 724479100 17576 275703 SH
DEFINED 269120 6583 0
PITNEY BOWES INC COM 724479100 355 5575 SH
OTHER 0 5575 0
PLANTRONICS INC NEW COM 727493108 5961 95285 SH
DEFINED 93285 2000 0
PPG INDS INC COM 693506107 462 9020 SH
SOLE 9020 0 0
PREMARK INTL INC COM COM 740459102 412 12500 SH
SOLE 12500 0 0
PRISON RLTY TRUST INC COM COM 74264N105 1469 84250 SH
SOLE 84250 0 0
PROCTER & GAMBLE COMPANY COM 742718109 18003 183819 SH
DEFINED 180590 2579 650
PROCTER & GAMBLE COMPANY COM 742718109 250 2550 SH
OTHER 0 2550 0
PROGRESSIVE CORP OHIO COM 743315103 3862 26910 SH
SOLE 26910 0 0
PROTECTIVE LIFE 6.500% FELINE CONVERTIBLE PREF 743674202 4150 66600 SH
SOLE 66600 0 0
PUBLIC SVC ELEC & GAS PFD C3/9 PREFERRED STOCKS 744567736 299 3000 SH
SOLE 3000 0 0
QUALCOMM FIN 5.750% 03/01/12 CONVERTIBLE PREF 74752R402 4059 45100 SH
SOLE 45100 0 0
RAYCHEM CORP COM COM 754603108 562 24900 SH
DEFINED 1100 23800 0
READERS DIGEST ASSOC TRACES 1. CONVERTIBLE PREF 755271202 1113 35000 SH
SOLE 35000 0 0
REALNETWORKS INC COM COM 75605L104 51013 835000 SH
SOLE 835000 0 0
RFS HOTEL INVS INC COM 74955J108 975 84357 SH
SOLE 84357 0 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
ROYAL DUTCH PETROLEUM CO NEW 1 COM 780257804 752 14461 SH
SOLE 14461 0 0
RYDER SYS INC COM 783549108 337 12200 SH
DEFINED 0 12200 0
SAFEWAY INC COM NEW COM 786514208 18647 363409 SH
DEFINED 357705 5704 0
SAFEWAY INC COM NEW COM 786514208 421 8200 SH
OTHER 0 8200 0
SAKS INC COM COM 79377W108 260 10000 SH
DEFINED 0 10000 0
SANMINA CORP COM COM 800907107 3451 54140 SH
SOLE 54140 0 0
SARA LEE CORP COM 803111103 709 28660 SH
DEFINED 4660 24000 0
SAVILLE SYS PLC SPONSORED ADR COM 805174109 929 75870 SH
SOLE 75870 0 0
SBC COMMUNICATIONS INC COM 78387G103 2336 49514 SH
DEFINED 44744 4770 0
SCANDINAVIAN BROADCASTING SYOR COM L8137H108 0 10000 SH
DEFINED 0 10000 0
SCHERING PLOUGH CORP COM 806605101 29296 530241 SH
DEFINED 486333 39508 4400
SCHERING PLOUGH CORP COM 806605101 649 11750 SH
OTHER 0 11750 0
SCHLUMBERGER COM 806857108 929 15439 SH
DEFINED 8039 6500 900
SCHOLASTIC CORP 144A CONV 5.00 CONVERTIBLE BOND 999999999 2384 2500000 PRN
SOLE 2500000 0 0
SCHWAB CHARLES CORP NEW COM COM 808513105 245 2550 SH
SOLE 2550 0 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 4027 81350 SH
SOLE 81350 0 0
SEARS ROEBUCK & CO COM 812387108 248 5496 SH
DEFINED 5000 496 0
SECURITY CAP GROUP INC CL B COM 81413P204 607 45412 SH
SOLE 45412 0 0
SENSORMATIC ELECTRS CORP COM 817265101 143 15000 SH
DEFINED 0 15000 0
SEPRACOR INC 144A 7.000% 12/15 CONVERTIBLE BOND 817315AF1 3894 3325000 PRN
SOLE 3325000 0 0
SERVICE CORP INTL COM 817565104 214 15015 SH
DEFINED 12865 1800 350
SERVICEMASTER COMPANY COM 81760N109 1557 76651 SH
DEFINED 5330 71321 0
SFX ENTMT INC CL A COM 784178105 3466 53680 SH
SOLE 53680 0 0
SHAW INDS INC COM COM 820286102 326 17600 SH
SOLE 17600 0 0
SHOP AT HOME INC COM NEW COM 825066301 2284 181820 SH
DEFINED 17289 164531 0
SHOP AT HOME SERIES A PREFERRE PREFERRED STOCKS 825066400 400 31820 SH
DEFINED 2699 29121 0
SIGMA ALDRICH CORP COM 826552101 725 24775 SH
DEFINED 23075 400 1300
SIMON PPTY GROUP INC NEW COM COM 828806109 1622 59100 SH
SOLE 59100 0 0
SMARTFLEX SYS INC COM COM 83169K108 50 13500 SH
SOLE 13500 0 0
SOLECTRON CORP COM 834182107 6839 140830 SH
DEFINED 134830 6000 0
SOLECTRON CORP 144A 0.000% 01/ CONVERTIBLE BOND 834182AG2 3497 7100000 PRN
SOLE 7100000 0 0
SOLECTRON CORP CONV -144A 6.00 CONVERTIBLE BOND 834182AB3 1967 750000 PRN
SOLE 750000 0 0
SOUTHTRUST CORP COM 844730101 1068 28625 SH
SOLE 28625 0 0
SOUTHWESTERN ENERGY CO COM 845467109 83 11700 SH
SOLE 11700 0 0
SPRINT CORP COM 852061100 461 4700 SH
DEFINED 0 4700 0
ST PAUL COS INC COM COM 792860108 205 6600 SH
SOLE 6600 0 0
STAPLES INC COM 855030102 8145 247746 SH
DEFINED 227571 20175 0
STATE STREET CORP COM 857477103 874 10624 SH
DEFINED 7624 3000 0
STEWART ENTERPRISES INC CL A COM 860370105 228 14225 SH
DEFINED 5225 9000 0
STORAGE TECHNOLOGY CORP COM PA COM 862111200 223 8000 SH
SOLE 8000 0 0
SUN MICROSYSTEMS INC COM 866810104 350 5600 SH
DEFINED 4800 800 0
SUNAMERICA CAP $25 TR PFD C9/0 PREFERRED STOCKS 867022204 294 11460 SH
SOLE 11460 0 0
SYBRON INTL COM 87114F106 2524 100975 SH
SOLE 100975 0 0
SYSCO CORP COM 871829107 19261 732025 SH
DEFINED 711645 20380 0
SYSCO CORP COM 871829107 284 10800 SH
OTHER 0 10800 0
TCF FINL CORP COM 872275102 2721 104390 SH
SOLE 104390 0 0
TCI PACIFIC COMM PFD CL A 5.00 CONVERTIBLE PREF 872294202 2317 7000 SH
SOLE 7000 0 0
TECHNOLOGY SOLUTIONS CO COM COM 87872T108 160 22500 SH
SOLE 22500 0 0
TELEPHONE & DATA SYS INC COM 879433100 507 9000 SH
DEFINED 0 9000 0
TELE-COMMUNICATIONS INTL CO 4. CONVERTIBLE BOND 87924HAA0 3656 3200000 PRN
SOLE 3200000 0 0
TERADYNE INC COM 880770102 666 12200 SH
DEFINED 1000 11200 0
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
TEXAS UTILS CO (HLDG) COM 882848104 630 15000 SH
SOLE 15000 0 0
THERMO ELECTRON CO COM 883556102 202 14875 SH
DEFINED 11763 1388 1725
TIFFANY & CO NEW COM 886547108 643 8600 SH
DEFINED 0 8600 0
TIME WARNER INC COM 887315109 3387 47832 SH
DEFINED 43632 4200 0
TJX COS INC NEW COM 872540109 5417 159334 SH
SOLE 159334 0 0
TOYS 'R' US INC COM 892335100 241 12813 SH
DEFINED 813 12000 0
TRANSACTION SYS ARCHITECTS CL COM 893416107 2136 59345 SH
SOLE 59345 0 0
TRAVELERS/AETNA CAP $25 PFD C0 PREFERRED STOCKS 893931204 1079 42400 SH
SOLE 42400 0 0
TRELLIX CORP SERIES A-2 CONVER CONVERTIBLE PREF 999342Z19 0 30000 SH
SOLE 30000 0 0
TRELLIX CORP SERIES B PRFD PREFERRED STOCKS 999342Z27 0 12549 SH
SOLE 12549 0 0
TRIBUNE CO COM 896047107 393 6000 SH
DEFINED 0 6000 0
TRICON GLOBAL RESTAURANTS COM COM 895953107 413 5885 SH
DEFINED 385 5500 0
TYCO INTL LTD NEW COM COM 902124106 331 4614 SH
DEFINED 4 4610 0
U S FOODSERVICE COM COM 90331R101 2751 59155 SH
SOLE 59155 0 0
UBS INC $1000 PFD H 08/15/02 5 PREFERRED STOCKS 90261B803 200 2 SH
SOLE 2 0 0
UNION BANK OF SWITZERLAND FOREIGN COMMON S 99UBSWTZ7 1193 3800 SH
SOLE 3800 0 0
UNION PAC CAPTR 6.250% 04/01/2 CONVERTIBLE PREF 907824403 4314 86500 SH
SOLE 86500 0 0
UNION PAC CORP COM 907818108 329 6150 SH
SOLE 6150 0 0
UNIPHASE CORP COM COM 909149106 2789 24230 SH
SOLE 24230 0 0
UNITED ASSET MGMT CORP COM 909420101 8713 385103 SH
SOLE 385103 0 0
UNITED HLTHCARE CORP COM 910581107 283 5375 SH
SOLE 3275 700 1400
UNITED NAT FOODS INC COM COM 911163103 9350 400000 SH
SOLE 400000 0 0
UNITED STATIONERS INC COM COM 913004107 1297 85065 SH
SOLE 85065 0 0
UNITED STS CELLULAR CORP COM 911684108 3374 76685 SH
SOLE 76685 0 0
UNITED STS CELLULAR CORP 0.000 CONVERTIBLE BOND 911684AA6 3644 7900000 PRN
SOLE 7900000 0 0
UNITED STS FILTER CORP COM 911843209 227 7400 SH
SOLE 7400 0 0
UNITED TECHNOLOGIES CORP COM 913017109 26639 393375 SH
DEFINED 383471 8604 1300
UNITED TECHNOLOGIES CORP COM 913017109 542 8000 SH
OTHER 0 8000 0
UNIVISION COMMUNICATIONS INCCL COM 914906102 4123 82450 SH
SOLE 82450 0 0
UNOCAL CORP 6.250% 09/01/26 CONVERTIBLE PREF 91528T207 3057 56100 SH
SOLE 56100 0 0
UNOVA INC COM COM 91529B106 211 16000 SH
DEFINED 0 16000 0
VARCO INTL INC COM COM 922126107 128 11500 SH
SOLE 11500 0 0
VIACOM INC CL B COM 925524308 247 5878 SH
SOLE 5030 848 0
VODAFONE GROUP PLC SPONSORED A COM 92857T107 1680 8950 SH
SOLE 8950 0 0
WAL MART STORES INC COM 931142103 1831 39722 SH
SOLE 39722 0 0
WALGREEN COMPANY COM 931422109 18992 672275 SH
DEFINED 652930 14945 4400
WALGREEN COMPANY COM 931422109 257 9100 SH
OTHER 0 9100 0
WARNER LAMBERT CO COM 934488107 20770 313503 SH
DEFINED 294679 16574 2250
WARNER LAMBERT CO COM 934488107 457 6900 SH
OTHER 0 6900 0
WATERS CORP COM COM 941848103 2898 27580 SH
SOLE 27580 0 0
WESTPAC BANKING COR/STRYPES 10 CONVERTIBLE PREF 929229102 3109 91100 SH
SOLE 91100 0 0
WESTPOINT STEVENS INC COM COM 961238102 2750 99316 SH
SOLE 99316 0 0
WILLIAMS COS INC COM 969457100 326 8254 SH
SOLE 8254 0 0
XEROX CORP COM 984121103 17095 320280 SH
DEFINED 309260 11020 0
XEROX CORP COM 984121103 363 6800 SH
OTHER 0 6800 0
XEROX CORP 3.625% 04/21/18 CONVERTIBLE BOND 984121BB8 3713 6150000 PRN
SOLE 6150000 0 0
XILINX INC COM 983919101 6825 168254 SH
SOLE 168254 0 0
XL CAPITAL LTD. COM G98255105 304 5000 SH
DEFINED 0 5000 0
YOUNG & RUBICAM INC COM 987425105 3598 88295 SH
SOLE 88295 0 0
</TABLE>
