<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. __ )
TCW/DW Term Trust 2000
---------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------
(Title of Class of Securities)
87234V106
----------------
(CUSIP Number)
December 31, 1999
-------------------------------
(Date of Event which requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 13 Pages
<PAGE> 2
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CUSIP NO. 87234V106 13G PAGE 2 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Progressive Corporation
34-0963169
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- ---------------------------------- --------- -----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- -----------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 2,623,800**
WITH
--------- -----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- -----------------------------------
8 SHARED DISPOSITIVE POWER
2,623,800**
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,623,800**
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**Consists solely of shares held by its subsidiaries.
<PAGE> 3
- ------------------------------- ------------------
CUSIP NO. 87234V106 13G PAGE 3 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Progressive Casualty Insurance Company
34-6513736
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- ----------------------------------- --------- ----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- ----------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,986,600**
WITH
--------- ----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------
8 SHARED DISPOSITIVE POWER
1,986,600**
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,986,600**
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.4 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, HC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes 1,734,400 shares held directly, and 252,200 shares held by
Progressive Specialty Insurance Company, its wholly-owned subsidiary.
<PAGE> 4
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CUSIP NO. 87234V106 13G PAGE 4 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Progressive American Insurance Company
34-1094197
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- ---------------------------------- --------- -----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- ----------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 3,500
WITH
--------- -----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- -----------------------------------
8 SHARED DISPOSITIVE POWER
3,500
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,500
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
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CUSIP NO. 87234V106 13G PAGE 5 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Progressive Mountain Insurance Company
93-0935623
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
- ----------------------------------- --------- ----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- ---------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 107,700
WITH
--------- ----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------
8 SHARED DISPOSITIVE POWER
107,700
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
107,700
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.2 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
- ------------------------------- ------------------
CUSIP NO. 87234V106 13G PAGE 6 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- --------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Progressive Northwestern Insurance Company
91-1187829
- --------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------- ----------------------------------------------------------------
3 SEC USE ONLY
- --------------- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
- -------------------------------- --------- ------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- ------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 368,500
WITH
--------- ------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- -------------------------------------
8 SHARED DISPOSITIVE POWER
368,500
- --------------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
368,500
- --------------- ----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- --------------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.8 %
- --------------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, CO
- --------------- ----------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
- ------------------------------- ------------------
CUSIP NO. 87234V106 13G PAGE 7 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Progressive Specialty Insurance Company
34-1172685
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- ----------------------------------- --------- ----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- ----------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 252,200
WITH
--------- ----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- ----------------------------------
8 SHARED DISPOSITIVE POWER
252,200
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
252,200
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.6 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
- ------------------------------- ------------------
CUSIP NO. 87234V106 13G PAGE 8 OF 13 PAGES
---------- --- ----
- ------------------------------- ------------------
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
United Financial Casualty Company
36-3298008
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
- ---------------------------------- --------- -----------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY --------- -----------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 157,500
WITH
--------- -----------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------- -----------------------------------
8 SHARED DISPOSITIVE POWER
157,500
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,500
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[X]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.4 %
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC, CO
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 9
Page 9 of 13 Pages
--- ----
SCHEDULE 13G
This Schedule 13G is filed to report the number of shares of Common Stock of the
Issuer beneficially owned by The Progressive Corporation and certain of its
subsidiaries as of December 31, 1999.
Item 1(a) Name of Issuer:
- ---------------------------------
The name of the issuer is TCW/DW Term Trust 2000 (the
"Issuer").
Item 1(b) Address of Issuer's Principal Executive Offices:
- ------------------------------------------------------------------
The address of the Issuer's principal executive offices is Two
World Trade Center, New York, New York 10048.
Item 2(a) Name of Person Filing:
- ----------------------------------------
This statement is filed jointly by the following parties
(collectively, the "Reporting Persons"): (a) Progressive
American Insurance Company, a Florida corporation, (b)
Progressive Casualty Insurance Company, an Ohio corporation,
(c) Progressive Mountain Insurance Company, a Colorado
corporation (d) Progressive Northwestern Insurance Company, a
Washington corporation, (e) Progressive Specialty Insurance
Company, an Ohio corporation and (f) United Financial Casualty
Company, a Missouri corporation (collectively, the
"Subsidiaries"), and The Progressive Corporation, an Ohio
corporation, by virtue of its direct or indirect ownership of
all of the outstanding capital stock of the Subsidiaries.
All of the outstanding shares of Progressive Specialty
Insurance Company are owned by Progressive Casualty Insurance
Company. Except as noted in the preceding sentence, all of the
outstanding shares of each of the Subsidiaries is owned
directly by The Progressive Corporation.
Item 2(b) Address of Principal Business Office or, if none, Residence:
- ------------------------------------------------------------------------------
The address of the principal business office of each of the
Reporting Persons is as follows:
<TABLE>
<CAPTION>
Reporting Person Business Address
---------------- ----------------
<S> <C>
The Progressive Corporation 6300 Wilson Mills Road
Mayfield Village, OH 44143
Progressive American Insurance Company 4030 Crescent Park Dr.,Bldg. B
Riverview, FL 33569
Progressive Casualty Insurance Company 6300 Wilson Mills Road
Mayfield Village, OH 44143
Progressive Mountain Insurance Company 2075 Research Parkway, Suite A
Colorado Springs, CO 80920
Progressive Northwestern Insurance 200 112th Ave., NE, Suite 200
Company Bellevue, Washington 98004
</TABLE>
<PAGE> 10
Page 10 of 13 Pages
---- ----
<TABLE>
<CAPTION>
Reporting Person Business Address
---------------- ----------------
<S> <C>
Progressive Specialty Insurance Company 6300 Wilson Mills Road
Mayfield Village, OH 44143
United Financial Casualty Company 11457 Olde Cabin Rd, Suite 235
St. Louis, MO 63141
Item 2(c) Citizenship:
<CAPTION>
Reporting Person State of Incorporation
---------------- ----------------------
<S> <C>
The Progressive Corporation Ohio
Progressive American Insurance Company Florida
Progressive Casualty Insurance Company Ohio
Progressive Mountain Insurance Company Colorado
Progressive Northwestern Insurance Company Washington
Progressive Specialty Insurance Company Ohio
United Financial Casualty Company Missouri
</TABLE>
Item 2(d) Title of Class of Securities:
- -----------------------------------------------
The class of securities which is the subject of this
Schedule 13G is the Common Shares, $.01 par value per
share, of the Issuer.
Item 2(e) CUSIP Number:
- -------------------------------
The CUSIP number for such class of securities is
87234V106.
Item 3. Not Applicable.
- ---------------------------------
Item 4. Ownership (as of December 31, 1999)
- ---------------------------
<TABLE>
<CAPTION>
(a) Amount Beneficially Owned: No. of Shares
-------------------------- -------------
<S> <C>
The Progressive Corporation 2,623,800(1)
Subsidiaries
Progressive American Insurance Company 3,500
Progressive Casualty Insurance Company 1,986,600(2)
Progressive Mountain Insurance Company 107,700
Progressive Northwestern Insurance Company 368,500
Progressive Specialty Insurance Company 252,200
United Financial Casualty Company 157,500
-------
TOTAL: 2,623,800(3)
- --------
1 Consists solely of shares held by the Subsidiaries listed herein.
2 Includes 1,734,400 shares held directly and 252,200 shares held by Specialty
Risk Insurance Company, its wholly-owned subsidiary.
</TABLE>
<PAGE> 11
Page 11 of 13 Pages
---- ----
(b) Percent of Class 5.9 %
----------------
(c) Number of shares as to which the person has
-------------------------------------------
<TABLE>
<CAPTION>
(i) (ii) (iii) (iv)
Sole Power Shared Power Sole Power Shared Power
to Vote to Vote to Dispose to Dispose
or to or to or to or to
Direct Direct Direct the Direct the
the Vote the Vote Disposition Disposition
--------- ----------- ---------- -----------
<S> <C> <C> <C> <C>
The Progressive Corporation 0 2,623,800(1) 0 2,623,800(1)
Subsidiaries
- ------------
Progressive American Insurance Company 0 3,500 0 3,500
Progressive Casualty Insurance Company 0 1,986,600(2) 0 1,986,600(2)
Progressive Mountain Insurance Company 0 107,700 0 107,700
Progressive Northwestern Insurance Company 0 368,500 0 368,500
Progressive Specialty Insurance Company 0 252,200 0 252,200
United Financial Casualty Company 0 157,500 0 157,500
---------- ---------
TOTALS 0 2,623,800(3) 0 2,623,800(3)
-------- ---------- ------- ----------
</TABLE>
Item 5 Ownership of Five Percent or Less of a Class:
- --------- --------------------------------------------
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another
- ------ --------------------------------------------------------
Person:
-------
Not Applicable.
Item 7 Identification and Classification of the Subsidiary Which
- ------ ---------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
-------------------------------------------------------------
Company:
--------
Not Applicable.
Item 8 Identification and Classification of Members of the Group:
- ------ ----------------------------------------------------------
Not Applicable.
- ---------------
1 Consists solely of shares held by the Subsidiaries listed herein.
2 Includes 1,734,400 shares held directly and 252,200 shares held by
Progressive Specialty Insurance Company, its wholly-owned subsidiary.
3 Computed without duplication of reported share.
<PAGE> 12
Page 12 of 13 Pages
---- ---
Item 9 Notice of Dissolution of Group:
- ------ -------------------------------
Not Applicable.
Item 10 Certifications:
- ------- ---------------
By signing below we certify that, to the best of our knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned hereby certify that the information set forth in this statement is
true, complete and correct.
Date: January 18, 2000
The Progressive Corporation
Progressive American Insurance Company
Progressive Casualty Insurance Company
Progressive Mountain Insurance Company
Progressive Northwestern Insurance Company
Progressive Specialty Insurance Company
United Financial Casualty Company
By: /s/ Thomas A. King
-----------------------------
Thomas A. King
Vice President
<PAGE> 13
Page 13 of 13 Pages
---- ----
EXHIBIT A
This Exhibit A to Schedule 13G is filed pursuant to the requirements of Rules
13d-1(c) and 13d-1(k)(1). The undersigned hereby agree that the Schedule 13G to
which this Exhibit is attached is filed on behalf of each of the undersigned.
Dated: January 18, 2000
The Progressive Corporation
Progressive American Insurance Company
Progressive Casualty Insurance Company
Progressive Mountain Insurance Company
Progressive Northwestern Insurance Company
Progressive Specialty Insurance Company
United Financial Casualty Company
By: /s/ Thomas A. King
---------------------------------
Thomas A. King
Vice President
