<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 12734 228929 SH SOLE 228929
A M R CORP COM 001765106 5048 158364 SH SOLE 158364
ABBOTT LABS COM 002824100 2239 63620 SH SOLE 63620
ACCEPTANCE INSUR COS INC COM 004308102 170 31290 SH SOLE 31290
ADELPHIA COMMUNICATIONS CL A COM 006848105 235 4804 SH SOLE 4804
ADVENT SOFTWARE COM 007974108 670 14600 SH SOLE 14600
AETNA INC COM 008117103 226 4069 SH SOLE 4069
AFLAC INC COM 001055102 223 4900 SH SOLE 4900
ALCOA, INC. COM 013817101 203 2885 SH SOLE 2885
ALLEGHENY ENERGY INC COM 017361106 1680 60675 SH SOLE 60675
ALLIANCE CAP MGMT L.P. COM 018548107 215 5200 SH SOLE 5200
ALLSTATE CORP COM 020002101 5381 225983 SH SOLE 225983
AMERICAN EXPRESS CO COM 025816109 618 4150 SH SOLE 4150
AMERICAN GENERAL CORP COM 026351106 3985 71010 SH SOLE 71010
AMERICAN HOME PRODS CORP COM 026609107 656 12200 SH SOLE 12200
AMERICAN INTL GROUP INC COM 026874107 5371 49048 SH SOLE 49048
AMERICAN TEL & TELEG CO COM 001957109 826 14666 SH SOLE 14666
ANHEUSER BUSCH COS INC COM 035229103 432 6940 SH SOLE 6940
ARCHER DANIELS MIDLAND CO COM 039483102 576 55886 SH SOLE 55886
AT & T CORP CLASS A LIBERTY ME COM 001957208 1698 28634 SH SOLE 28634
BANK OF AMERICA CORP COM 060505104 5690 108514 SH SOLE 108514
BANK ONE CORP COM 06423a103 3284 95189 SH SOLE 95189
BCE INC COM 05534B109 13941 111141 SH SOLE 111141
BECKMAN COULTER INC COM 075811109 7831 122003 SH SOLE 122003
BELL ATLANTIC CORP COM 077853109 2355 38529 SH SOLE 38529
BELLSOUTH CORP COM 079860102 1093 23310 SH SOLE 23310
BERGEN BRUNSWIG A COM 083739102 2963 438970 SH SOLE 438970
BEVERLY ENTERPRISES INC COM 087851309 58 15600 SH SOLE 15600
BORDERS GROUP INC COM 099709107 5634 327774 SH SOLE 327774
BRANDYWINE REALTY TRUST COM 105368203 772 45100 SH SOLE 45100
BRISTOL MYERS SQUIBB CO COM 110122108 2155 37152 SH SOLE 37152
BROADWING, INC. COM 111620100 7805 209873 SH SOLE 209873
BURLINGTON NORTHERN INC COM 12189T104 3402 149553 SH SOLE 149553
CABOT OIL AND GAS COM 127097103 4172 230961 SH SOLE 230961
CALL NET ENTERPRISES INC CLASS COM 130910201 481 86000 SH SOLE 86000
CAMDEN PROPERTY TRUST COM 133131102 949 35085 SH SOLE 35085
CAROLINA PWR & LT CO COM 144141108 811 25000 SH SOLE 25000
CENTERPOINT PROPERTIES CORP COM 151895109 610 16750 SH SOLE 16750
CENTERTRUST RETAIL PROPERTIES COM 151845104 71 11125 SH SOLE 11125
CERIDIAN CORP COM 15677T106 11264 587047 SH SOLE 587047
CHASE MANHATTAN CORP COM 16161A108 816 9355 SH SOLE 9355
CHEVRON CORP COM 166751107 389 4208 SH SOLE 4208
CISCO SYSTEMS INC COM 17275R102 1910 24707 SH SOLE 24707
CITIGROUP, INC. COM 172967101 543 9064 SH SOLE 9064
CLARCOR INC COM 179895107 884 49825 SH SOLE 49825
COCA COLA CO COM 191216100 391 8340 SH SOLE 8340
COLONIAL PPTY TR COM 195872106 204 8600 SH SOLE 8600
COMCAST CORP CL A SPCL COM 200300200 1493 34432 SH SOLE 34432
COMMODORE APPLIED TECH INC COM 202630109 193 118500 SH SOLE 118500
COMPAQ COMPUTER CORP COM 204493100 201 7428 SH SOLE 7428
COMPUTER SCIENCES COM 205363104 11373 143735 SH SOLE 143735
CONVERGYS CORP COM 212485106 8545 220870 SH SOLE 220870
CORNING INC COM 219350105 2134 11000 SH SOLE 11000
DANA CORP COM 235811106 4938 175191 SH SOLE 175191
DIAGNOSTIC PRODS CORP COM 252450101 5036 206066 SH SOLE 206066
DIEBOLD INC COM 253651103 4725 171830 SH SOLE 171830
DOW CHEM CO COM 260543103 268 2350 SH SOLE 2350
E C I TELECOM LTD COM 268258100 3811 121471 SH SOLE 121471
E M C CORP COM 268648102 11437 90768 SH SOLE 90768
EMERSON ELEC CO COM 291011104 244 4600 SH SOLE 4600
EXXON MOBIL CORPORATION COM 30231g102 1261 16185 SH SOLE 16185
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 230 5200 SH SOLE 5200
FEDERATED DEPARTMENT STORES IN COM 31410H101 7883 186571 SH SOLE 186571
FEDERATED INVESTORS COM 314211103 5404 197848 SH SOLE 197848
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 10696 392531 SH SOLE 392531
FIRST REPUBLIC BANCORP INC COM 336158100 353 17800 SH SOLE 17800
FIRST UNION CORP COM 337358105 1843 49481 SH SOLE 49481
FLEETBOSTON FINANCIAL CORP COM 339030108 590 16166 SH SOLE 16166
FLORIDA PROGRESS CORP COM 341109106 11355 247514 SH SOLE 247514
FORD MTR CO DEL COM 345370100 9312 202712 SH SOLE 202712
FORT JAMES CORP COM 347471104 1207 54877 SH SOLE 54877
FOX ENTERTAINMENT COM 35138T107 1794 59911 SH SOLE 59911
G T E CORP COM 362320103 11151 157050 SH SOLE 157050
GENERAL ELECTRIC CO COM 369604103 3477 22345 SH SOLE 22345
GLIMCHER RLTY TR SBI COM 379302102 169 12500 SH SOLE 12500
GOODRICH B F CO COM 382388106 2084 72640 SH SOLE 72640
GREAT LAKES REIT INC COM 390752103 165 10900 SH SOLE 10900
GULF CANADA RESOURCES LTD COM 40218L305 350 95000 SH SOLE 95000
HAWAIIAN ELECTRIC INDUSTRIES COM 419870100 3088 97075 SH SOLE 97075
HEALTH CARE PROP INV COM 421915109 8225 323349 SH SOLE 323349
HEWLETT PACKARD CO COM 428236103 385 2900 SH SOLE 2900
HOME DEPOT COM 437076102 400 6202 SH SOLE 6202
INFORMIX CORP COM 456779107 18228 1076219 SH SOLE 1076219
INGLES MARKETS INC CL A COM 457030104 3503 335643 SH SOLE 335643
INGRAM MOCRO INC COM 457153104 200 13000 SH SOLE 13000
INTEL CORP COM 458140100 2305 17467 SH SOLE 17467
INTERNATIONAL BUSINESS MACHINE COM 459200101 240 2030 SH SOLE 2030
JOHNSON & JOHNSON COM 478160104 615 8760 SH SOLE 8760
KANEB PIPELINES, L.P. LIMITED COM 484169107 278 11100 SH SOLE 11100
KEANE INC COM 486665102 12021 476085 SH SOLE 476085
KEEBLER FOODS CO. COM 487256109 5521 192453 SH SOLE 192453
KLM ROYAL DUTCH AIRLINE COM 482516309 2077 98886 SH SOLE 98886
L T C PROPERTIES INC COM 502175102 61 11345 SH SOLE 11345
LAKEHEAD PIPE LINE PARTNERS, L COM 511557100 427 12300 SH SOLE 12300
LEAP WIRELESS INTERNATIONAL, I COM 521863100 1325 13423 SH SOLE 13423
LEXINGTON CORPORATE PROPERTIES COM 529043101 5467 533402 SH SOLE 533402
LIBERTY FINANCIAL COM 530512102 3229 162964 SH SOLE 162964
LIBERTY PPTY TRUST COM 531172104 4412 184306 SH SOLE 184306
LIMITED, INC COM 532716107 2319 55045 SH SOLE 55045
LM ERICSSON TELE CO ADR NEW CL COM 294821400 1117 11910 SH SOLE 11910
LONDON PACIFIC GP LTD SP ADR COM 542073101 778 33468 SH SOLE 33468
LUCENT TECHNOLOGIES, INC COM 549463107 485 7925 SH SOLE 7925
M C N ENERGY GROUP INC COM 55267J100 12497 499891 SH SOLE 499891
MANULIFE FINANCIAL COM 56501R106 14799 1007583 SH SOLE 1007583
MBNA CORP COM 55262L100 431 16912 SH SOLE 16912
MCI WORLDCOM, INC. COM 55268b106 1316 29033 SH SOLE 29033
MEDITRUST COMPANIES COM 58501T306 93 51523 SH SOLE 51523
MERCK & CO INC COM 589331107 3973 63957 SH SOLE 63957
MERISTAR HOSPITALITY CORP COM 58984y103 2222 127450 SH SOLE 127450
MICROSOFT COM 594918104 333 3135 SH SOLE 3135
MID ATLANTIC REALTY TRUST COM 595232109 1517 163977 SH SOLE 163977
MILLICOM INTERNATIONAL COM L6388F102 5138 90033 SH SOLE 90033
MITEL CORP COM 606711109 7379 300404 SH SOLE 300404
MOHAWK INDUSTRIES INC COM 608190104 640 28620 SH SOLE 28620
MONSANTO CO COM 611662107 8514 165317 SH SOLE 165317
MOTOROLA INC COM 620076109 683 4680 SH SOLE 4680
NATIONAL DATA CORP COM 635621105 8149 313408 SH SOLE 313408
NATIONWIDE HEALTH PPTYS COM 638620104 805 77091 SH SOLE 77091
NEW PLAN EXCEL REALTY TRUST, I COM 648053106 656 47688 SH SOLE 47688
NORTHWEST NATURAL GAS COM 667655104 265 13575 SH SOLE 13575
NSTAR COM 67019e107 886 21105 SH SOLE 21105
OMEGA HEALTHCARE INVESTORS,INC COM 681936100 978 154894 SH SOLE 154894
ORBITAL SCIENCES CORP COM 685564106 7077 471824 SH SOLE 471824
OWENS CORNING COM 69073F103 3144 162251 SH SOLE 162251
PACIFIC GULF PROPERTIES INC COM 694396102 873 44461 SH SOLE 44461
PAINE WEBBER GROUP, INC COM 695629105 3559 80878 SH SOLE 80878
PARTNER RE COM G6852T105 629 17100 SH SOLE 17100
PEOPLES BANK BRIDGEPORT CT COM 710198102 3655 174547 SH SOLE 174547
PEPSICO INC COM 713448108 589 16902 SH SOLE 16902
PETROLEUM GEO SERVICES COM 716597109 8945 516682 SH SOLE 516682
PFIZER INC COM 717081103 1414 38660 SH SOLE 38660
PRIME RETAIL INC COM 741570105 58 26300 SH SOLE 26300
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 10073 194888 SH SOLE 194888
PROCTER & GAMBLE CO COM 742718109 301 5334 SH SOLE 5334
PUBLIC STORAGE INC COM 74460D109 2151 102444 SH SOLE 102444
QUALCOMM INCORPORATED COM 747525103 61471 411692 SH SOLE 411692
RECKSON ASSOC REALTY CL B EXCH COM 75621K304 2916 142221 SH SOLE 142221
RELIASTAR FINANCIAL CORP COM 75952U103 7250 214014 SH SOLE 214014
REYNOLDS METALS CO COM 761763101 1994 29813 SH SOLE 29813
ROGERS COMMUNICATION INC CL B COM 775109200 405 13583 SH SOLE 13583
ROYAL DUTCH PETE NY RE COM 780257804 276 4782 SH SOLE 4782
RYDER SYSTEMS INC COM 783549108 11087 488666 SH SOLE 488666
SABRE HOLDINGS CORPORATION COM 785905100 11959 327656 SH SOLE 327656
SBC COMMUNICATIONS COM 78387G103 1588 37690 SH SOLE 37690
SCHERING PLOUGH CORP COM 806605101 452 12180 SH SOLE 12180
SCHLUMBERGER LTD COM 806857108 357 4670 SH SOLE 4670
SCHWAB CHARLES CORP COM 808513105 1108 19500 SH SOLE 19500
SEMPRA ENERGY COM 816851109 5826 347803 SH SOLE 347803
SERVICEMASTER CO. (THE) COM 81760N109 122 10847 SH SOLE 10847
SHARED MEDICAL SYSTEMS COM 819486101 3487 67222 SH SOLE 67222
SOLUTIA, INC COM 834376105 2998 224116 SH SOLE 224116
SONIC FOUNDRY INC COM 83545R108 16180 165950 SH SOLE 165950
SONOCO PRODUCTS COM 835495102 1611 70038 SH SOLE 70038
SOUTHERN CO COM 842587107 307 14100 SH SOLE 14100
SPRINT CORP (FON GROUP) SER 1 COM 852061100 1260 19914 SH SOLE 19914
SPRINT CORP (PCS GROUP) SER 1 COM 852061506 393 6004 SH SOLE 6004
STATE ST CORP COM 857477103 746 7700 SH SOLE 7700
STERLING SOFTWARE COM 859547101 655 20000 SH SOLE 20000
SUN MICROSYSTEMS INC COM 866810104 3949 42140 SH SOLE 42140
SYBRON INTL CP COM 87114F106 3712 127992 SH SOLE 127992
TELEFONOS DE MEXICO SA ADR RE COM 879403780 220 3300 SH SOLE 3300
TELEPHONE & DATA SYS INC COM 879433100 16632 149842 SH SOLE 149842
TEXACO INC COM 881694103 229 4265 SH SOLE 4265
THOMAS & BETTS CORP COM 884315102 3549 125626 SH SOLE 125626
TOWN & COUNTRY TRUST COM 892081100 223 13300 SH SOLE 13300
U.S. CELLULAR COM 911684108 14682 206792 SH SOLE 206792
UNISOURCE ENERGY CORP HOLDING COM 909205106 5189 353265 SH SOLE 353265
UNUMPROVIDENT CORP COM 91529y106 3867 228281 SH SOLE 228281
URBAN SHOPPING CENTERS COM 917060105 494 17010 SH SOLE 17010
USG CORP COM 903293405 7251 172905 SH SOLE 172905
VODAFONE AIRTOUCH PLC ADS COM 92857T107 2348 42252 SH SOLE 42252
WARNACO GROUP INC COM 934390105 6773 573364 SH SOLE 573364
WAVO CORP COM 944027101 52 11700 SH SOLE 11700
XEROX CORP COM 984121103 9256 355989 SH SOLE 355989
BERKEY INC COM 084419100 1 10000 SH SOLE 10000
CAMDEN PROPERTIES TR $2.25 CV PFD CV 133131201 344 15500 SH SOLE 15500
CITIZEN UTIL TR CAP LP EPPICS PFD CV 177351202 219 3500 SH SOLE 3500
PERINI CORP PFD CV EXCH PFD $2 PFD CV 713839306 1476 73817 SH SOLE 73817
SPRINT CORP EXCH NOTE (DECS)CV PFD CV 852061407 319 5000 SH SOLE 5000
STANDARD AUTOMOTIVE CV PFD PFD CV 853097202 142 17000 SH SOLE 17000
SUN HEALTHCARE GROUP CVT PFD 1 PFD CV 866749203 0 19000 SH SOLE 19000
OPTISYSTEMS SOLUTIONS WARRANTS m75252110 107 28000 SH SOLE 28000
ADVANCED MICRO DEVICES CV CONV 007903AC1 197 125000 PRN SOLE 125000
BANKATLANTIC CORP SB DB CV CONV 065908AC9 127 200000 PRN SOLE 200000
BROADBAND TECHNOLOGIES CV CONV 111309AC4 111 200000 PRN SOLE 200000
CAMDEN PROPERTIES TRUST CV CONV 133131AA0 60 56000 PRN SOLE 56000
CENTERTRUST RETAIL PROPERTIES, CONV 152038AA3 286 310000 PRN SOLE 310000
CHIQUITA BRANDS INTL CV CONV U17003AA9 184 200000 PRN SOLE 200000
DSC COMMUNICATIONS CP CV CONV 233311AC3 132 125000 PRN SOLE 125000
DSC COMMUNICATIONS CP CV 144 A CONV 233311AB5 106 100000 PRN SOLE 100000
HEALTHCARE REALTY TRUST, INC C CONV 421946AA2 170 200000 PRN SOLE 200000
INGRAM MICRO INC CV CONV 457153AB0 87 250000 PRN SOLE 250000
LOWES CORP CV CONV 540424AL2 263 300000 PRN SOLE 300000
MAGNA INTL INC CVDB CONV 559222AG9 129 150000 PRN SOLE 150000
MALAN REALTY INVESTORS CV CONV 561063AA6 618 691000 PRN SOLE 691000
MORAN ENERGY CV CONV 616457AC1 75 80000 PRN SOLE 80000
MSC SOFTWARE CORP CONV CONV 553531aa2 199 200000 PRN SOLE 200000
NATIONAL DATA CORP CV CONV 635621AA3 82 100000 PRN SOLE 100000
NORAM ENERGY CV SUB DEB CONV 655419AC3 251 295000 PRN SOLE 295000
SIZELER CV CONV 830137AA3 278 315000 PRN SOLE 315000
SOFTKEY INTERNATIONAL CONV. SR CONV 83402NAA7 244 250000 PRN SOLE 250000
U.S. CELLULAR CP CVRO (LYONS) CONV 911684AA6 908 1340000 PRN SOLE 1340000
ATARI/JTS SDCV/ DEFAULTED 5.25 CONV 046515AA0 4 65000 PRN SOLE 65000
</TABLE>
