<TABLE>
<CAPTION>
FORM 13F
---------------------
(SEC USE ONLY)
Page of Name of Reporting Manager: HAMBRECHT & QUIST CAPITAL MANAGEMENT |
-----------|---------
- ------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title CUSIP Fair Market Shares of Investment Discretion Managers Voting Authority (Shares)
of Number Value Principal ---------------------- See -------------------------
Class Amount (a) (b) (c) Instr.V (a) (b) (c)
Sole Shared- Shared- Sole Shared None
As Other
Defined
in
Instr.V
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Amgen Common O31162100 4,565,625 75,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Aradigm Common O38505103 3,106,250 350,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Biofield Common O90591207 137,306 878,774 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Biogen Common O90597105 4,501,875 70,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Bioject
Medical
Technologies Common 09059T107 650,462 1,224,400 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Biomatrix Common 09060P102 6,029,915 278,840 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
BioTransplant Common 09066Y107 3,428,993 712,519 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Biovail Common 09067K106 10,672,063 209,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Calypte
Biomedical Common 131722100 2,509,488 1,433,993 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Catalytica Common 148885106 16,893,324 1,206,666 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Celgene Common 151020104 1,756,251 100,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Centocor Common 152342101 6,993,750 150,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Cor
Therapeutics Common 217753102 2,212,500 150,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Coulter
Pharmaceutical Common 222116105 5,979,063 262,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Cubist
Pharmaceuticals Common 229990981 6,380,738 1,620,505 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
CV Therapeutics Common 126667104 2,935,626 533,750 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Cytyc Common 232946103 6,530,180 334,880 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Emisphere
Technologies Common 291345106 1,066,438 151,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Envirogen Common 294040100 27,343 20,833 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
EP Med Systems Common 26899B914 3,225,000 1,075,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Exogen Common 302092101 608,813 286,500 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Focal Common 343909107 2,039,828 271,977 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Fuisz
Technologies Common 359536109 2,186,251 660,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Gene Logic Common 368689105 1,268,750 350,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Gilead Sciences Common 37555B103 18,635,433 356,659 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
IDEXX
Laboratories Common 45168D104 5,828,125 250,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
ImClone Systems Common 45245W109 5,075,000 200,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Interpore Cross Common 46062W107 1,567,500 380,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
KeraVision Common 648990992 3,556,691 206,185 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Landec Common 514766104 2,159,750 566,492 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
LJL BioSystems Common 501873103 4,361,545 969,232 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Lynx
Therapeutics Common 551812308 4,242,188 375,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Martek
Biosciences Common 572901106 6,631,905 780,224 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
MedImmune Common 584699102 7,452,500 110,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
NeoPath Common 640517108 1,073,076 276,923 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Neurogen Common 64124E1O6 1,755,000 120,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Perclose Common 71361C107 12,832,688 267,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Quintiles
Transnational Common 748767100 6,421,800 152,900 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Ribi ImmunoChem
Research Common 762553105 1,864,580 745,832 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Sepracor Common 817315104 14,508,731 178,569 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
FORM 13F
---------------------
(SEC USE ONLY)
Page of Name of Reporting Manager: HAMBRECHT & QUIST CAPITAL MANAGEMENT |
-----------|---------
- ------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title CUSIP Fair Market Shares of Investment Discretion Managers Voting Authority (Shares)
of Number Value Principal ---------------------- See -------------------------
Class Amount (a) (b) (c) Instr.V (a) (b) (c)
Sole Shared- Shared- Sole Shared None
As Other
Defined
in
Instr.V
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Synaptic
Pharmaceutical Common 871990982 890,625 187,500 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Teva
Pharmaceutical
Industries Common 881624209 2,450,000 50,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Transkaryotic
Therapies Common 893735100 11,878,152 359,944 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Transkaryotic
Therapies
(Restricted) Common 893735100 636,398 24,106 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Triangle
Pharmaceuticals Common 89589H104 5,400,000 300,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Verdant Brands Common 923366108 184,063 190,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
Vivus Common 928551100 1,693,125 645,000 X NA X
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 216,804,707
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
