<TABLE>
FORM 13F INFORMATION TABLE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP COM 885535104 11810 204949 SH SOLE 204949
A M R CORP COM 001765106 2290 86602 SH SOLE 86602
ABBOTT LABS COM 002824100 2808 63020 SH SOLE 63020
ADELPHIA COMMUNICATIONS CL A COM 006848105 225 4804 SH SOLE 4804
ADVENT SOFTWARE COM 007974108 942 14600 SH SOLE 14600
AETNA INC COM 008117103 261 4069 SH SOLE 4069
AFLAC INC COM 001055102 246 5350 SH SOLE 5350
ALBERTA ENERGY CO COM 012873105 6617 163380 SH SOLE 163380
ALCATEL COM 013904305 346 5210 SH SOLE 5210
ALCOA, INC. COM 013817101 3839 132381 SH SOLE 132381
ALLEGHENY ENERGY INC COM 017361106 1024 37415 SH SOLE 37415
ALLIANCE CAP MGMT L.P. COM 018548107 247 5200 SH SOLE 5200
ALLSTATE CORP COM 020002101 6770 304248 SH SOLE 304248
AMERICAN GENERAL CORP COM 026351106 5444 89241 SH SOLE 89241
AMERICAN HOME PRODS CORP COM 026609107 729 12400 SH SOLE 12400
AMERICAN INTL GROUP INC COM 026874107 5758 49008 SH SOLE 49008
AMERICAN TEL & TELEG CO COM 001957109 464 14666 SH SOLE 14666
ANADARKO PETROLEUM CORP COM 032511107 828 16800 SH SOLE 16800
ANHEUSER BUSCH COS INC COM 035229103 518 6940 SH SOLE 6940
ARCHER DANIELS MIDLAND CO COM 039483102 426 43449 SH SOLE 43449
AT & T CORP CLASS A LIBERTY ME COM 001957208 1331 54896 SH SOLE 54896
BANK OF AMERICA CORP COM 060505104 3940 91634 SH SOLE 91634
BANK ONE CORP COM 06423a103 1335 50254 SH SOLE 50254
BANKNORTH GROUP INC (2000) COM 06646R107 288 18837 SH SOLE 18837
BECKMAN COULTER INC COM 075811109 7242 124058 SH SOLE 124058
BELL ATLANTIC CORP COM 077853109 2014 39634 SH SOLE 39634
BELLSOUTH CORP COM 079860102 435 10210 SH SOLE 10210
BERGEN BRUNSWIG A COM 083739102 2735 497218 SH SOLE 497218
BEVERLY ENTERPRISES INC COM 087851309 44 15600 SH SOLE 15600
BORDERS GROUP INC COM 099709107 5455 350521 SH SOLE 350521
BRANDYWINE REALTY TRUST COM 105368203 880 46000 SH SOLE 46000
BRISTOL MYERS SQUIBB CO COM 110122108 2031 34868 SH SOLE 34868
BURLINGTON NORTHERN INC COM 12189T104 2919 127253 SH SOLE 127253
C.R. BARD COM 067383109 5368 111537 SH SOLE 111537
CABOT OIL AND GAS COM 127097103 5724 270141 SH SOLE 270141
CALL NET ENTERPRISES INC CLASS COM 130910201 210 86000 SH SOLE 86000
CAMDEN PROPERTY TRUST COM 133131102 569 19360 SH SOLE 19360
CAROLINA PWR & LT CO COM 144141108 798 25000 SH SOLE 25000
CENTERPOINT PROPERTIES CORP COM 151895109 683 16750 SH SOLE 16750
CERIDIAN CORP COM 15677T106 13971 580633 SH SOLE 580633
CHASE MANHATTAN CORP COM 16161A108 646 14033 SH SOLE 14033
CHEVRON CORP COM 166751107 357 4208 SH SOLE 4208
CINERGY CORP COM 172474108 3412 134151 SH SOLE 134151
CISCO SYSTEMS INC COM 17275R102 1796 28263 SH SOLE 28263
CITIGROUP, INC. COM 172967101 593 9839 SH SOLE 9839
CLARCOR INC COM 179895107 484 24375 SH SOLE 24375
COCA COLA CO COM 191216100 442 7700 SH SOLE 7700
COLONIAL PPTY TR COM 195872106 235 8600 SH SOLE 8600
COMCAST CORP CL A SPCL COM 200300200 1394 34432 SH SOLE 34432
COMMODORE APPLIED TECH INC COM 202630109 185 118500 SH SOLE 118500
COMPAQ COMPUTER CORP COM 204493100 6501 254301 SH SOLE 254301
COMPUTER ASSOCIATES INTERNATIO COM 204912109 597 11664 SH SOLE 11664
COMPUTER SCIENCES COM 205363104 9437 126358 SH SOLE 126358
CORNING INC COM 219350105 2705 10025 SH SOLE 10025
DANA CORP COM 235811106 3944 186146 SH SOLE 186146
DIAGNOSTIC PRODS CORP COM 252450101 7832 244735 SH SOLE 244735
DIEBOLD INC COM 253651103 5213 186998 SH SOLE 186998
DOW CHEM CO COM 260543103 213 7050 SH SOLE 7050
E C I TELECOM LTD COM 268258100 5491 153594 SH SOLE 153594
E M C CORP COM 268648102 13600 176766 SH SOLE 176766
EMERSON ELEC CO COM 291011104 278 4600 SH SOLE 4600
EXXON MOBIL CORPORATION COM 30231g102 1000 12743 SH SOLE 12743
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 211 5200 SH SOLE 5200
FEDERATED DEPARTMENT STORES IN COM 31410H101 5983 177285 SH SOLE 177285
FEDERATED INVESTORS COM 314211103 7290 207925 SH SOLE 207925
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 11534 390976 SH SOLE 390976
FIRST REPUBLIC BANCORP INC COM 336158100 506 25400 SH SOLE 25400
FIRST UNION CORP COM 337358105 226 9106 SH SOLE 9106
FLEETBOSTON FINANCIAL CORP COM 339030108 539 15866 SH SOLE 15866
FLORIDA PROGRESS CORP COM 341109106 11815 252056 SH SOLE 252056
FORD MTR CO DEL COM 345370100 7771 180718 SH SOLE 180718
FORT JAMES CORP COM 347471104 879 38024 SH SOLE 38024
FOX ENTERTAINMENT COM 35138T107 2056 67673 SH SOLE 67673
G T E CORP COM 362320103 8833 141900 SH SOLE 141900
GENERAL ELECTRIC CO COM 369604103 3407 64285 SH SOLE 64285
GLIMCHER RLTY TR SBI COM 379302102 194 13500 SH SOLE 13500
GOODRICH B F CO COM 382388106 1773 52065 SH SOLE 52065
GREAT LAKES REIT INC COM 390752103 185 10900 SH SOLE 10900
GULF CANADA RESOURCES LTD COM 40218L305 6744 1401281 SH SOLE 1401281
HAWAIIAN ELECTRIC INDUSTRIES COM 419870100 3508 106898 SH SOLE 106898
HEALTH CARE PROP INV COM 421915109 8571 314543 SH SOLE 314543
HEWLETT PACKARD CO COM 428236103 362 2900 SH SOLE 2900
HOME DEPOT COM 437076102 307 6150 SH SOLE 6150
HOST MARRIOTT CORP COM 44107P104 103 11000 SH SOLE 11000
INFORMIX CORP COM 456779107 8197 1102182 SH SOLE 1102182
INGLES MARKETS INC CL A COM 457030104 3843 368195 SH SOLE 368195
INTEL CORP COM 458140100 2455 18361 SH SOLE 18361
INTERNATIONAL BUSINESS MACHINE COM 459200101 238 2176 SH SOLE 2176
JOHNSON & JOHNSON COM 478160104 926 9090 SH SOLE 9090
K MART CORP COM 482584109 3335 489603 SH SOLE 489603
KANEB PIPELINES, L.P. LIMITED COM 484169107 246 10100 SH SOLE 10100
KEANE INC COM 486665102 9915 458499 SH SOLE 458499
KEEBLER FOODS CO. COM 487256109 7603 204801 SH SOLE 204801
KLM ROYAL DUTCH AIRLINE COM 482516309 1691 63678 SH SOLE 63678
LAKEHEAD PIPE LINE PARTNERS, L COM 511557100 493 12300 SH SOLE 12300
LEAP WIRELESS INTERNATIONAL, I COM 521863100 609 12948 SH SOLE 12948
LEXINGTON CORPORATE PROPERTIES COM 529043101 6073 542837 SH SOLE 542837
LIBERTY FINANCIAL COM 530512102 4227 192692 SH SOLE 192692
LIBERTY PPTY TRUST COM 531172104 4431 170826 SH SOLE 170826
LIMITED, INC COM 532716107 2855 132031 SH SOLE 132031
LM ERICSSON TELE CO ADR NEW CL COM 294821400 753 37640 SH SOLE 37640
LONDON PACIFIC GP LTD SP ADR COM 542073101 444 34172 SH SOLE 34172
LUCENT TECHNOLOGIES, INC COM 549463107 584 9859 SH SOLE 9859
M C N ENERGY GROUP INC COM 55267J100 11112 519859 SH SOLE 519859
MANULIFE FINANCIAL COM 56501R106 17141 962318 SH SOLE 962318
MBNA CORP COM 55262L100 459 16912 SH SOLE 16912
MEDITRUST COMPANIES COM 58501T306 151 40300 SH SOLE 40300
MERCK & CO INC COM 589331107 4433 57857 SH SOLE 57857
MERISTAR HOSPITALITY CORP COM 58984y103 2009 95670 SH SOLE 95670
MICROSOFT COM 594918104 324 4053 SH SOLE 4053
MID ATLANTIC REALTY TRUST COM 595232109 1660 165977 SH SOLE 165977
MILLICOM INTERNATIONAL COM L6388F102 4383 125223 SH SOLE 125223
MOTOROLA INC COM 620076109 397 13671 SH SOLE 13671
NATIONAL DATA CORP COM 635621105 7089 308218 SH SOLE 308218
NATIONWIDE HEALTH PPTYS COM 638620104 1067 76591 SH SOLE 76591
NEW PLAN EXCEL REALTY TRUST, I COM 648053106 360 27654 SH SOLE 27654
NORTEL NETWORKS CORP (NEW) COM 656568102 417 6116 SH SOLE 6116
NORTHWEST NATURAL GAS COM 667655104 297 13275 SH SOLE 13275
NSTAR COM 67019e107 826 20295 SH SOLE 20295
OCEAN ENERGY INC NEW COM 67481E106 156 11030 SH SOLE 11030
OMEGA HEALTHCARE INVESTORS,INC COM 681936100 446 99218 SH SOLE 99218
ORBITAL SCIENCES CORP COM 685564106 4534 372052 SH SOLE 372052
PACKAGING CORPORATION OF AMERI COM 695156109 4404 434949 SH SOLE 434949
PAINE WEBBER GROUP, INC COM 695629105 8938 196438 SH SOLE 196438
PARTNER RE COM G6852T105 330 9300 SH SOLE 9300
PEOPLES BANK BRIDGEPORT CT COM 710198102 3813 207503 SH SOLE 207503
PEPSICO INC COM 713448108 760 17102 SH SOLE 17102
PETROLEUM GEO SERVICES COM 716597109 8416 493269 SH SOLE 493269
PFIZER INC COM 717081103 1974 41123 SH SOLE 41123
PHARMACIA CORPORATION COM 71713u102 4982 96386 SH SOLE 96386
PRIME RETAIL INC COM 741570105 35 28300 SH SOLE 28300
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 5114 205574 SH SOLE 205574
PROCTER & GAMBLE CO COM 742718109 305 5334 SH SOLE 5334
PUBLIC STORAGE INC COM 74460D109 2016 86029 SH SOLE 86029
QUALCOMM INCORPORATED COM 747525103 21813 363555 SH SOLE 363555
RECKSON ASSOC REALTY CL B EXCH COM 75621K304 4243 166801 SH SOLE 166801
RELIASTAR FINANCIAL CORP COM 75952U103 9967 190065 SH SOLE 190065
ROGERS COMMUNICATION INC CL B COM 775109200 387 13583 SH SOLE 13583
ROYAL DUTCH PETE NY RE COM 780257804 240 3900 SH SOLE 3900
RYDER SYSTEMS INC COM 783549108 8854 467516 SH SOLE 467516
SABRE HOLDINGS CORPORATION COM 785905100 9799 343839 SH SOLE 343839
SBC COMMUNICATIONS COM 78387G103 1681 38865 SH SOLE 38865
SCHERING PLOUGH CORP COM 806605101 544 10764 SH SOLE 10764
SCHLUMBERGER LTD COM 806857108 304 4070 SH SOLE 4070
SCHWAB CHARLES CORP COM 808513105 994 29550 SH SOLE 29550
SEMPRA ENERGY COM 816851109 5475 322052 SH SOLE 322052
SHARED MEDICAL SYSTEMS COM 819486101 5970 81857 SH SOLE 81857
SLM HOLDING CORP COM 78442a109 214 5725 SH SOLE 5725
SOLUTIA, INC COM 834376105 3512 255404 SH SOLE 255404
SONIC FOUNDRY INC COM 83545R108 6973 332050 SH SOLE 332050
SONOCO PRODUCTS COM 835495102 1155 56153 SH SOLE 56153
SOUTHERN CO COM 842587107 350 15000 SH SOLE 15000
SPRINT CORP (FON GROUP) SER 1 COM 852061100 1695 33239 SH SOLE 33239
SPRINT CORP (PCS GROUP) SER 1 COM 852061506 357 6004 SH SOLE 6004
STARTEC GLOBAL COMM CORP COM 85569E103 872 81620 SH SOLE 81620
STARWOOD FINANCIAL, INC. COM 85569r104 203 9715 SH SOLE 9715
STATE ST CORP COM 857477103 789 7435 SH SOLE 7435
SUN MICROSYSTEMS INC COM 866810104 4000 43988 SH SOLE 43988
SYBRON INTL CP COM 87114F106 2812 141927 SH SOLE 141927
TALISMAN ENERGY INC COM 87425E103 4338 130964 SH SOLE 130964
TECO ENERGY INC COM 872375100 1698 84660 SH SOLE 84660
TELEPHONE & DATA SYS INC COM 879433100 12565 125332 SH SOLE 125332
THOMAS & BETTS CORP COM 884315102 5659 295919 SH SOLE 295919
TOWN & COUNTRY TRUST COM 892081100 223 13000 SH SOLE 13000
U.S. CELLULAR COM 911684108 13326 211522 SH SOLE 211522
U.S. WEST INC (NEW) COM 91273h101 209 2442 SH SOLE 2442
UNION PACIFIC RESOURCES GROUP COM 907834105 266 12100 SH SOLE 12100
UNISOURCE ENERGY CORP HOLDING COM 909205106 5906 393724 SH SOLE 393724
UNUMPROVIDENT CORP COM 91529y106 3021 150596 SH SOLE 150596
URBAN SHOPPING CENTERS COM 917060105 573 17010 SH SOLE 17010
USG CORP COM 903293405 4725 155548 SH SOLE 155548
VISTEON CORP COM 92839U107 346 28498 SH SOLE 28498
VODAFONE AIRTOUCH PLC ADS COM 92857T107 1694 40875 SH SOLE 40875
WARNACO GROUP INC COM 934390105 2676 345319 SH SOLE 345319
WAVO CORP COM 944027101 14 18560 SH SOLE 18560
WORLDCOM, INC. COM 98157d106 7425 161842 SH SOLE 161842
WRIGLEY WM JR CO COM 982526105 200 2500 SH SOLE 2500
XEROX CORP COM 984121103 7457 359374 SH SOLE 359374
BERKEY INC COM 084419100 1 10000 SH SOLE 10000
CAMDEN PROPERTIES TR $2.25 CV PFD CV 133131201 375 15500 SH SOLE 15500
FELCOR LODGING TR INC $1.95 CV PFD CV 31430F200 196 11500 SH SOLE 11500
PERINI CORP PFD CV EXCH PFD $2 PFD CV 713839306 1564 71917 SH SOLE 71917
STANDARD AUTOMOTIVE CV PFD PFD CV 853097202 164 17000 SH SOLE 17000
SUN HEALTHCARE GROUP CVT PFD 1 PFD CV 866749203 0 19000 SH SOLE 19000
OPTISYSTEMS SOLUTIONS WARRANTS m75252110 15 17000 SH SOLE 17000
ADVANCED MICRO DEVICES CV CONV 007903AC1 107 50000 PRN SOLE 50000
BANKATLANTIC CORP SB DB CV CONV 065908AC9 131 200000 PRN SOLE 200000
BROADBAND TECHNOLOGIES CV CONV 111309AC4 96 200000 PRN SOLE 200000
CAMDEN PROPERTIES TRUST CV CONV 133131AA0 69 56000 PRN SOLE 56000
CENTERTRUST RETAIL PROPERTIES, CONV 152038AA3 298 310000 PRN SOLE 310000
CHIQUITA BRANDS INTL CV CONV U17003AA9 184 200000 PRN SOLE 200000
DSC COMMUNICATIONS CP CV CONV 233311AC3 142 125000 PRN SOLE 125000
DSC COMMUNICATIONS CP CV 144 A CONV 233311AB5 114 100000 PRN SOLE 100000
HEALTHCARE REALTY TRUST, INC C CONV 421946AA2 177 200000 PRN SOLE 200000
INGRAM MICRO INC CV CONV 457153AB0 93 250000 PRN SOLE 250000
LOWES CORP CV CONV 540424AL2 249 300000 PRN SOLE 300000
MAGNA INTL INC CVDB CONV 559222AG9 134 150000 PRN SOLE 150000
MALAN REALTY INVESTORS CV CONV 561063AA6 631 691000 PRN SOLE 691000
MORAN ENERGY CV CONV 616457AC1 74 80000 PRN SOLE 80000
MSC SOFTWARE CORP CONV CONV 553531aa2 172 200000 PRN SOLE 200000
NATIONAL DATA CORP CV CONV 635621AA3 83 100000 PRN SOLE 100000
NORAM ENERGY CV SUB DEB CONV 655419AC3 17 20000 PRN SOLE 20000
SIZELER CV CONV 830137AA3 281 315000 PRN SOLE 315000
SOFTKEY INTERNATIONAL CONV. SR CONV 83402NAA7 257 258000 PRN SOLE 258000
U.S. CELLULAR CP CVRO (LYONS) CONV 911684AA6 801 1340000 PRN SOLE 1340000
ATARI/JTS SDCV/ DEFAULTED 5.25 CONV 046515AA0 4 65000 PRN SOLE 65000
</TABLE>
